Commercial

Garnet Health Doctors to Open New Practice In Revamped Goshen Retail Center

May 6, 2021

GOSHEN—On May 10, Garnet Health Doctors, formerly Orange Regional Medical Group and Catskill Regional Medical Group, is expected to open its newest facility in Goshen. This new practice at the redeveloped Goshen Plaza will be Garnet Health Doctors’ ninth location in Orange and Sullivan counties. The new facility, totaling more than 16,000 square feet, is…

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Legislature Approves Skoufis-Paulin Bill that Provides Rent Relief to Small Landlords

May 6, 2021

ALBANY—A bill (A07280, S06481) sponsored by State Assemblywoman Amy Paulin (D-Scarsdale) and Senator James Skoufis (D-Newburgh, Garnerville) recently passed the Assembly and Senate that if signed by Gov. Andrew Cuomo will expand access to rental assistance funds for small landlords. The bill will allow property owners whose tenants cannot or will not submit a rental…

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Windward School Puts Former White Plains Campus on Market for Sale

May 5, 2021

WHITE PLAINS—The Windward School, which recently relocated to a larger campus on Mamaroneck Avenue, announced plans to sell its former campus. The property is being marketed without an asking price. The 5.35-acre development site is located at 5 and13 Windward Ave.—a residential dead-end street that backs up to Saxon Woods Park. The campus is currently…

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Governor Signs Extensions of Residential, Commercial Evictions and Foreclosure Moratoriums

May 5, 2021

ALBANY—On May 4, New York Gov. Andrew M. Cuomo signed an extension of the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 and the COVID-19 Emergency Protect Our Small Businesses Act. The legislation (S.6362-A/A.7175-A) extends moratoriums prohibiting residential and commercial evictions, foreclosure proceedings, as well as protections against credit discrimination and negative credit reporting…

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Robert Martin Sells Two Yonkers Office Buildings for $37 Million

April 29, 2021

YONKERS—Robert Martin Co., announced on April 29 it has sold 3 Executive Blvd., a 59,542-square-foot office building and 3 Odell Plaza, a 71,065-square-foot office building in Yonkers for $36.6 million. Robert Martin officials stated that the sale represents a new record price for suburban Westchester County office sales at $280-per-square foot. The buyer of the…

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Breaking News: Mayor de Blasio Says NYC to Fully Reopen on July 1

April 29, 2021

NEW YORK—New York City Mayor Bill de Blasio said on an appearance this morning on the MSNBC Program Morning Joe that New York City will “fully reopen” by July 1. The mayor said that at that time there would be no restrictions on restaurants and other businesses. Please check back for further updates on this…

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Mayor de Blasio Names Meyer as Chairman Of NYC Economic Development Corporation

April 28, 2021

NEW YORK—Mayor Bill de Blasio announced on April 27th the appointment of New York entrepreneur Danny Meyer as chairman of the Board of the New York Economic Development Corporation (NYCEDC). Meyer will be sworn in April 28, 2021. Meyer will lead the organization’s 27-member board, which helps to guide NYCEDC’s agenda as the city’s primary…

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PPE Manufacturer Signs Large Lease Deal in Rockland County

April 27, 2021

PEARL RIVER—Rockland County Executive Ed Day and Economic Development Director Jeremy Schulman reported today that NY Critical Materials LLC, a manufacturer of Personal Protective Equipment (PPE) will be leasing more than 50,000 square feet of space at the former Pfizer complex now known as the New York Center for Innovation. The firm, a subsidiary of…

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Extreme Department Store Signs 15,000 SF Lease in the Bronx

April 23, 2021

NEW YORK— Extreme Department Store has signed a 10-year lease for 15,003 square feet at Concourse Plaza in the Bronx, announced New York City-based The Feil Organization, the shopping center’s owner and manager. The new lease comes relatively shortly after a tenant vacated the space. The department store will be situated on the ground floor…

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Nearly $100M E-Commerce Project in Hawthorne Secures Incentives

April 23, 2021

HAWTHORNE—The Mount Pleasant Industrial Development Agency has approved approximately $3.8 million in sales tax exemptions for the construction of a 153,062-square-foot e-commerce distribution center located at 211 Saw Mil River Road (Route 9A) in Hawthorne that will cost nearly $100 million to develop. The project, which received approval at the IDA’s April 21 meeting, represents…

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Regeneron Pharmaceuticals Presents New Plan to Build $480 Million Project in Greenburgh

April 22, 2021

WHITE PLAINS—Representatives of Regeneron Pharmaceuticals, Inc. made a presentation to the Westchester County Industrial Development Agency this morning on an amended expansion plan for property in the Town of Greenburgh that will involve a total of nearly a half billion dollars of investment. Janet Giris, a partner with the law firm DelBello, Donnellan & Weingarten,…

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Rockland County-Based Birch Group Buys NJ Office Portfolio for $255M

April 21, 2021

NANUET—The Birch Group, which is headquartered in Nanuet, has acquired an office portfolio of more than 840,000 square feet in Short Hills, NJ from Mack-Cali Realty Corp. in an off-market deal valued at $255 million. Last month, the Birch Group acquired an office portfolio in Morristown, NJ from Lincoln Equities Group for $77 million and…

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Valley Cottage Industrial Portfolio Trades for Nearly $54 Million

April 20, 2021

VALLEY COTTAGE—A partnership of Lincoln Equities and PCCP LLC has acquired a fully leased, three-building, light industrial portfolio totaling 260,755 square feet along with an adjacent 23-acre development parcel for $53.5 million. The Rockland County-based complex was sold by Sasson Real Estate Group and Garelick Holdco LLC. Commercial brokerage firm JLL marketed the property on…

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SUNY Empire State College Leases Nearly 30,000 at Four Park Ave. Building

April 19, 2021

NEW YORK—SUNY Empire State College has relocated its classrooms from its Hudson Square campus to 29,747 square feet of space at Four Park Ave., according to property owner and manager The Feil Organization. A multi-use building featuring residential, office and retail, Four Park Avenue is situated at the 33rd Street to 34th Street blockfront in…

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Yonkers Makes State Comptroller’s ‘Cities in Significant Fiscal Stress’ List

April 5, 2021

ALBANY—State Comptroller Thomas P. DiNapoli’s Fiscal Stress Monitoring System has identified eight villages and three cities in New York that were in some level of fiscal stress in 2020, based on scores that largely reflect the time period before the COVID-19 pandemic. DiNapoli, in a report released on April 2, evaluated all non-calendar year local…

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NY State, Port Authority Look to ‘Re-Energize’ NY Stewart International Airport

April 2, 2021

ALBANY—New York Gov. Andrew M. Cuomo announced on March 30 three major Port Authority of New York and New Jersey initiatives to re-energize New York Stewart International Airport, whose domestic air operations have been battered by the COVID-19 pandemic. The Port Authority unveiled a new air carrier incentive program, a new airport marketing campaign to…

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