Nearly 650 members of the commercial real estate industry gathered at the March of Dimes Real Estate Award Breakfast to honor Acadia Realty Trust’s Kenneth F. Bernstein, President and CEO, with the coveted Real Estate Award. The event was held on November 13. Each year, the March of Dimes pays tribute to outstanding individuals and…
Read MoreGov. Andrew Cuomo at the CFA Awards announcement last week in AlbanyMid-Hudson Secures Nearly $91M in State Funding Mid-Hudson Secures Nearly $91M in State Funding ALBANY—This may well prove the case that the Mid-Hudson is not considered upstate. While the Mid-Hudson region’s economy will surely benefit from the $90.4 million for 109 projects from Gov.…
Read MoreALBANY—Economic development officials and business leaders from across New York State will be arriving in Albany for Thursday’s announcement of the annual economic development awards. There is a lot at stake at this year’s competition among the state’s regional councils, including the Mid-Hudson Regional Economic Development Council, since Gov. Andrew Cuomo is expected to hand…
Read MoreSLEEPY HOLLOW—With approvals in hand for its first phase of development, the developer of what is now being called the “Edge on Hudson” development at the former General Motors assembly plant property here expects to commence site work and necessary infrastructure upgrades in early 2016 to ready the site for what will be a massive…
Read MoreKINGSTON—The historic Steel House restaurant in Kingston was recently purchased by Frank Guido who also operates Mariners Harbor in Highland, and Frank Guido’s Little Italy in Kingston. The deal was announced by John J. Lease Realtors, which brokered the transaction for the waterfront property at 800-100 Rondout Landing. The Cornell Steamboat Co. originally built the…
Read MoreGOSHEN—Representatives of Legoland have confirmed that after being turned away by the Village of Haverstraw last month to build a $250-million Legoland Amusement Park there, the company is considering Orange County as a possible site. Orange County officials have been successful in attempting to persuade the developers of a $250-million Legoland–themed amusement park not to…
Read MoreYONKERS—Simone Development Companies announced earlier this month that Fortina is coming to the Boyce Thompson Center, the new mixed-use center under construction in Northwest Yonkers. Fortina, which has restaurants in Armonk, Rye Brook and recently opened a location in Stamford, CT has signed a lease for 5,605 square feet of space on the main level…
Read MorePELHAM MANOR—National eyewear retailer Visionworks recently celebrated the grand opening of a new 3,000-square-foot store at Post Road Plaza in the Village of Pelham Manor. Situated directly at the junction of U.S. 1, Pelham Parkway and the Hutchinson River Parkway, the 267,000-square-foot shopping center is exclusively leased and managed by North Plainfield, N.J.-based Levin Management.…
Read MoreRYE—Colliers International has been retained by The ARC Companies as the exclusive leasing agent for its 180,000-square-foot, Class-A office building at 555 Theodore Fremd in Rye. The three-story property, which The ARC Companies acquired at the end of 2014, features a recently renovated, full-service cafeteria, fitness center, and a lobby with a stunning glass sculpture.…
Read MoreCHESTER—Outstanding achievements in local commercial real estate were recognized at the recent inaugural “Dealmaker” awards and mixer presented by the Hudson Valley chapter of the New York State Commercial Association of Realtors. The ceremony, held at the Sugarloaf Performing Arts Center, is the first annual awards ceremony created to celebrate exceptional achievements in local commercial…
Read MoreHARRISON– Friedland Realty Advisors, a more than 40-year-old full-service commercial real estate firm, announced it had received a significant investment from Robert Martin Company, a real estate investment, development and management firm headquartered in Elmsford. Through the investment, Friedland Realty can now offer clients the combined expertise and resources of two of the longest-standing real…
Read MorePEARL RIVER—The sale of the Pfizer campus here to Industrial Realty Group, LLC closed on Nov. 19, IRG announced in a press statement. The Los Angeles, CA-based company stated that the early stages of its plan for the 200 acres it acquired envision a “dynamic mixed-use, multi-tenant campus.” No financial details on the transaction were…
Read MoreWHITE PLAINS—If all goes according to plan it will be more than 11 years from the time the developer of the former Reader’s Digest corporate headquarters in Chappaqua acquired the property in December 2004 until it turns its first shovel on its mixed-use project on the 114-acre campus in early 2016. The archives of Real…
Read MoreWHITE PLAINS—For the majority of his recent presentation before HGAR’s Commercial Investment Division, developer Felix Charney kept to his word and was upbeat and at times humorous about his firm’s 11-year journey to obtain approvals and build a mixed-use development at the former Reader’s Digest headquarters in Chappaqua. However, he did lash out at New…
Read MoreEDISON, NJ—The new leadership of Mack-Cali Realty Corp. say the company will embark on a new direction that will focus on waterfront and transit-oriented office properties as well as luxury multi-family properties. In terms of the company’s suburban assets, which include holdings in Westchester County, the company intends to spend $20 million upgrading those properties.…
Read MoreTARRYTOWN—The latest lease expansion by Regeneron Pharmaceuticals Inc. will bring its overall presence at The Landmark at Eastview campus here to more than 1.1 million square feet. The rapidly growing biopharmaceutical firm signed a nine-year lease expansion for 116,200 square feet of space at the 1.4 million Landmark at Eastview office and R&D complex, which…
Read MoreNANUET—DoubleTree by Hilton debuted its newest New York offering on Aug. 27 with DoubleTree by Hilton Nanuet, a modern 156-room hotel located near the Village of Nyack. Previously a Comfort Inn and Suites, the hotel completed a multi-million dollar renovation that included a total redesign of the lobby, fully-updated guest rooms and revamped public areas.…
Read MoreGOSHEN—With three quarters of the year complete, Orange County has scored its fair share of business attractions that will create numerous construction jobs as well as high-paying permanent jobs upon completion. Real Estate In-Depth sat down recently with the staff of the Orange County Partnership, the economic development agency for Orange County, to discuss the…
Read MoreGOSHEN—Another sign that the Orange County economy is growing comes from the hotel-tourism sector as lodging developers are now proposing to build new hotel properties to meet the increased demand by tourists and business travelers seeking overnight accommodations. In addition to the fact that a host of commercial and industrial businesses are announcing plans to…
Read MoreTARRYTOWN—As part of the state’s Consolidated Funding Application (CFA) process and particularly Gov. Andrew Cuomo’s Upstate Revitalization Initiative (URI), the members of the Mid-Hudson Regional Economic Development Council have agreed in principle to propose sites throughout the region that could qualify for state funding as “shovel-ready” sites. The initiative is seen as critical to securing…
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