Commercial

Westchester County Association Rebrands As Economic Development Organization

September 11, 2018

WHITE PLAINS—The Westchester County Association reported on Sept. 10 that it completed a years-long transition from a business membership organization to what it termed as Westchester’s most “powerful economic development entity.” To better reflect its policy and action-oriented identity, the Westchester County Association unveiled its first major brand realignment since it was founded in 1950.…

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Second Span of New Mario Cuomo Bridge to Open Saturday

September 5, 2018

TARRYTOWN—Long-suffering commuters will soon get the full benefits of the new Tappan Zee Bridge, now known as the Governor Mario M. Cuomo Bridge. In fact, the ride could get much better by this Saturday. Gov. Andrew Cuomo announced on Tuesday that the second span of the Governor Mario M. Cuomo Bridge will open this Saturday,…

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Yonkers IDA Approves Perks for Major Waterfront Project

September 5, 2018

YONKERS—New York City developer Extell’s proposed $502-million mixed-use waterfront project here has received approximately $21.3 million in incentives from the Yonkers Industrial Development Agency. Yonkers IDA officials stated that the incentives granted to Extell is the largest package of incentives offered by the authority in its history. The Yonkers IDA conveyed the perks to Extell…

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Great Wolf Resorts in Talks to Build Water Park Resort in Orange County

August 30, 2018

GOSHEN—Orange County Executive Steven Neuhaus has confirmed rumors that have been circulating for months that Great Wolf Resorts, Inc. is considering building a major indoor water park resort in southern Orange County. Neuhaus, in a prepared release on Aug. 29, stated that the Madison, WI-based hospitality firm is considering a “handful” of potential sites in…

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Ossining Children’s Center Looks to Develop New $17M Building

August 29, 2018

OSSINING—The Ossining Children’s Center has unveiled a nearly $17-millon development plan that calls for the construction of a new 27,000-square-foot building that will enable the center to consolidate its programs under one roof. Located at 32 State St. in Downtown Ossining, the planned building would replace operations currently housed at two 120-year-old buildings OCC owns…

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FASNY Wins Key Court Case to End Seven-Year Review

August 29, 2018

  WHITE PLAINS—A protracted regulatory and legal battle that has lasted more than seven years to redevelop the former Ridgeway Country Club in White Plains by the French American School of New York may be finally over. On Aug. 24, New York State Supreme Court Judge Joan Lefkowitz rejected two separate legal challenges filed by…

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County Looks to Create New Vision for Economic Development

August 15, 2018

WHITE PLAINS—Officials with the Latimer Administration say they plan to be engaged with the business community and other stakeholders to pivot the county’s economic development efforts to the needs of both small and large businesses in Westchester. Since taking office in January, the county’s Office of Economic Development and its Industrial Development Agency and Local…

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Danone North America Presents a New Way to Work

August 15, 2018

What if you could wake up each morning and decide where you want to work that day? Your selections include New York, Denver, Barcelona, Paris, Montreal or Amsterdam. Well, employees of Danone North America are able to make that choice every day—their new 80,000-square-foot headquarters at The Source at White Plains (1 Maple Ave.) is…

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Westchester County Holds First Incubator Summit

August 15, 2018

VALHALLA—As part of it efforts to enhance county government support of small business, Westchester County staged its first “Incubator Summit” on Aug. 2 at Westchester Community College. The well-attended event featured presentations by county government officials, as well as approximately 40 representatives of the business, education and investment communities who discussed the merits of incubators…

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2975 Westchester Ave. Changes Hands

August 14, 2018

PURCHASE—The 120,000-square-foot 2975 Westchester Ave. office building has been sold to a Greenwich, CT-based investment firm controlled by the Schur family. The transaction was reported by GHP Office Realty. GHP Vice President Jamie Schwartz represented the seller in the transaction. The Westchester County Business Journal reported the seller as an affiliate of RPW Group of…

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City of Newburgh Files Federal Suit Over Water Contamination

August 8, 2018

NEWBURGH—The City of Newburgh filed suit on Aug. 6 in the United States District Court for the Southern District of New York seeking to halt on-going contamination of the city’s water supply by cancer causing per- and polyfluoralkyl substances (PFAS) originating at Stewart Air National Guard Base and Stewart International Airport, now operating as New…

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Iona College Breaks Ground on Business School Building

August 7, 2018

NEW ROCHELLE—Iona College celebrated the official groundbreaking of its new business school building on July 27 with a ceremony that included alumnus and Board of Trustees member Robert V. LaPenta '67, '00H, officials from Iona College and the City of New Rochelle, and members of the local community. Remarks were delivered by LaPenta, Iona School…

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Three Hudson Valley Toys ‘R’ Us Stores to be Auctioned

August 2, 2018

NEW YORK—Among a total of 123 Toys ‘R’ Us and Babies ‘R’ Us owned and leased stores slated for auction later this month are three store locations in the Hudson Valley. The shuttered locations on the block are in Nanuet, Poughkeepsie and Yonkers. The only other New York State location available at the auction is…

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New Owner of Reckson Exec. Park is George Comfort & Sons

August 1, 2018

RYE BROOK—The mystery of who the new owner of the Reckson Executive Park here has been solved—it is New York City-based George Comfort & Sons, Inc. The suspense over the new ownership began last April when then owner SL Green Realty announced it had entered into a contract to sell the six-building, 563,596-square-foot office complex.…

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Veteran Broker Says Walmart Looking for New Site to Replace White Plains Store

July 25, 2018

WHITE PLAINS—While some city and business officials were surprised by Walmart’s decision to shutter its 180,000-square-foot Downtown White Plains location on Aug. 10, a veteran retail broker has seen it coming for some time. Martin Deitch, executive vice president with retail brokerage firm Aries, Deitch & Endelson of Hartsdale, NY, tells Real Estate In-Depth that…

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Yale New Haven, Greenwich Hospital Open New Multispecialty Center in Rye Brook

July 25, 2018

RYE BROOK—The continued growth of the health care sector continues in Westchester County. A host of local dignitaries, including Westchester County Executive George Latimer, were on hand on Monday for the ribbon cutting of the new Northeast Medical Group Multispecialty Center here. The ribbon cutting event for the new remodeled 15,000-square-foot outpatient facility at 90…

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Mamaroneck Property Sold to Developer Building Apartment Complex on Site

July 18, 2018

RYE BROOK—Houlihan Lawrence’s Commercial Group recently announced the sale of a 3,100- square-foot, one-story building at 145 Library Lane in Mamaroneck. The sale price was $800,000. Bryan Lanza and Garry Klein represented both the buyer and seller in the transaction. The purchaser was Garson Properties of Mamaroneck which has approval to build an apartment complex…

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Boyce Thompson Center Welcomes New Healthcare Tenants to its Roster

July 18, 2018

YONKERS—The 85,000-square-foot mixed-use Boyce Thompson Center reported recently the signing of 12,724 square feet in new leases to three healthcare tenants bringing the center to more than 90% percent leased. ENT & Allergy Associates signed a lease for 8,043 square feet for its newest office location. ENT and Allergy has more than 200 physicians practicing…

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Foreign Investment in U.S. Commercial Real Estate Remains Strong

July 17, 2018

WASHINGTON—Nearly one-fifth of Realtors practicing in commercial real estate closed a sale with an international client in 2017, and 35% said they have experienced an increase in the number of international clients in the past five years, according to a report released recently by the National Association of Realtors. NAR’s 2018 Commercial Real Estate International…

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