Commercial

Work Begins on $100 Million Project in New Rochelle

October 13, 2017

NEW ROCHELLE—Earlier this month New Rochelle City officials joined with National Realty & Development Corp. to break ground on WatermarkPointe, a new $100 million, 72-unit luxury condominium waterfront residential project being built along the Long Island Sound in New Rochelle. Located on the Davenport Neck peninsula, WatermarkPointe will include nine four-story buildings of condominium residences…

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NYC Receives More Than Two Dozen Proposals For Massive Amazon Second HQ Requirement

September 27, 2017

NEW YORK—As expected, New York City will submit a sweeping proposal to land Amazon’s second headquarters requirement. City officials announced on Sept. 27th that the city has thus far received more than two-dozen proposals for possible locations for Amazon’s second headquarters. Collectively, the proposals total more than 50 million square feet of commercial space across…

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Westchester County Enters Amazon Sweepstakes Vying for E-Commerce Giant’s Second Headquarters

September 27, 2017

WHITE PLAINS—Westchester County has entered a contest that promises a huge payout—thousands of high paying, new jobs and billions of dollars in investment. Westchester County Executive Robert Astorino announced on Sept. 26th that the county would be submitting a proposal to Amazon for the e-commerce giant’s second corporate headquarters, a deal that could bring 50,000…

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Amazon Conducting Search for Second $5B HQ; Makes Major Investments in New York City

September 25, 2017

NEW YORK CITY—E-commerce giant Amazon has certainly garnered headlines of late for its massive real estate requirements. Earlier this month, the Seattle-based retailer announced it would be conducting a national search for a second U.S. corporate headquarters valued at approximately $5 billion. While the heady requirement has economic development officials across New York State and…

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Houlihan Lawrence Commercial Group Announces Formation of Klein/Lanza Sales Team

September 20, 2017

WHITE PLAINS—Houlihan Lawrence Commercial Group, a division of Houlihan Lawrence, Inc. of Rye, has announced the formation of the Klein/Lanza Sales Team to be based here. The new group is led by real estate industry veteran Garry Klein, associate broker and regional sales manager with more than 25 years of experience, and Bryan Lanza, licensed…

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Legoland Project Secures Key Zoning Approval

September 15, 2017

GOSHEN, NY—The $500-million LEGOLAND New York project proposed by Merlin Entertainments secured key approvals by a 4-1 vote of the Goshen Town Board on Thursday evening that put the development ever closer to breaking ground. The Town Board approved amendments to the town’s comprehensive plan and zoning law as well as the adoption of Local…

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Houlihan Brokers Commercial Sales in Mamaroneck and Wappingers Falls

September 15, 2017

MAMARONECK—Houlihan Lawrence Commercial Group reported recently it brokered the sale of two commercial retail spaces in Mamaroneck. The neighboring properties, located at 1137 and 1139 West Boston Post Road were sold for $2 million. Bryan Lanza was successful in representing the seller and owner of Elko Auto Repair, a mixed-use building, as well as the…

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NAR: Despite Pricing Plateau, Commercial Real Estate Outlook Remains Bright

September 13, 2017

WASHINGTON— Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors quarterly commercial real estate forecast (available at https://www.nar.realtor/reports/commercial-real-estate-outlook). Backed by the ongoing stretch…

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Regional Plan Assoc. Says Billions Needed To Improve Trans-Hudson Commutation

September 6, 2017

NEW YORK—While President Donald Trump and New York Gov. Andrew Cuomo have each professed the need for the federal and state governments, and the private sector to invest more in infrastructure, a proposal released by the Regional Plan Association to fix the New York City transit system may test the mettle of both men. The…

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Roundtable Program to Tackle Future Growth on Route 17

August 31, 2017

GOSHEN—The Commercial Investment Division of the Hudson Gateway Association of Realtors, in cooperation with the Orange County Partnership, is holding a breakfast meeting on Thursday, Sept. 7 to discuss “The Future of Route 17.” The event will be held at the Harness Racing Museum & Hall of Fame at 240 Main St. and will begin…

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Marriott Int. Awards Hotel Franchise At $500M Project in Dutchess County

August 28, 2017

HYDE PARK—Marriott International has awarded a joint venture of Bellefield Development Partners and the Shaner Hotel Group a franchise for a 133-room Residence Inn to be built at the mixed-use Bellefield at Historic Hyde Park project here. The Hotel at Bellfield will be the first project to be constructed at the $500-million proposed Bellefield at…

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Woodbury Common Owner Settles AG Case Loudly

August 25, 2017

CENTRAL VALLEY—The owner of the highly popular Woodbury Common Premium Outlets here may have spent nearly $1 million recently to settle charges of engaging in anti competitive behavior, but it did not do so quietly. Simon Property Group after settling litigation with the New York State Attorney General over alleged anticompetitive tactics it employed in…

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Two New Medical Lease Deals Signed At Boyce Thompson Center Property

August 15, 2017

YONKERS—Simone Development Companies reported two new leases totaling approximately 9,500 square feet of medical space at the Boyce Thompson Center, a recently completed 85,000-square-foot mixed-use center located in Northeast Yonkers. ColumbiaDoctors, a multi-specialty medical practice affiliated with Columbia University and New York-Presbyterian Hospital, has signed a long-term lease for 6,839 square feet of space on…

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White Plains Leads the Way for County’s Office Market

August 10, 2017

WHITE PLAINS—The City of White Plains saw most of the major office leasing transactions in the second quarter, which paced overall activity in Westchester County, according to market reports released recently by a number of major commercial brokerage firms. Colliers International Group reports the City of White Plains followed a strong first-quarter performance with another…

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New York Building Congress Report Details Future Power Supply Concerns

July 27, 2017

NEW YORK—The impending closure of the Indian Point nuclear power plants in Buchanan and other market forces could pose significant risks to the future energy supply of New York City and the Lower Hudson Valley, a recently released report warns. The New York Building Congress released a report earlier this week entitled “Electricity Outlook: Powering…

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RM Friedland Closes Nearly 105K in Deals in Second Quarter

July 25, 2017

HARRISON—Commercial brokerage firm RM Friedland reports that in the second quarter it closed deals valued at more than $15.1 million totaling 104,806 square feet of space in its market area in Westchester County and the Bronx. The firm reported that its second quarter activity totals included four sales with an aggregate value of more than…

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Legoland Project Clears Key Environmental Hurdle

July 21, 2017

GOSHEN—The controversial $500-million LEGOLAND New York project secured a key approval on July 20th of its Final Environmental Impact Statement, a significant hurdle in its bid to win municipal approvals for the project so it can move forward later this year with construction of the theme park. Approximately 200 people packed the Orange County Emergency…

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