A Conversation with County Executive Robert Astorino WHITE PLAINS—The prospects for the county’s economy and specifically its commercial real estate market have not been this bright in decades. The county’s biotech and healthcare industries are driving growth and creating new jobs in the construction trades as well as in their respective sectors. Combine that with…
Read MoreGOSHEN—At a recent press briefing at the Amy’s Kitchen project site here. U.S. Senator Charles E. Schumer pressed the U.S. Army Corps of Engineers to expedite a key review of wetlands for the Amy’s Kitchen project. The firm plans to build a new $95-million, 369,000-square foot meal-manufacturing plant. Sen. Schumer explained that Amy’s Kitchen plans…
Read MoreREDC Leader to Appear at CID Event on April 14 PEARL RIVER—As expected, Richard Struck officially got the “interim” removed from his job title. The Board of Directors of Rockland Economic Development Corporation announced on March 29th that Struck was officially appointed its new President and CEO. Struck, a resident of Pearl River, has served…
Read MoreWHITE PLAINS—Veteran real estate investor and developer Robert Weisz says Westchester County should benefit from the heady New York City office market in 2016. Weisz, principal of the RPW Group of Rye Brook, hosted approximately 40 commercial brokers at a meeting of the Hudson Gateway Association of Realtors’ Commercial Investment Division at his 1133 Westchester…
Read MoreNEWBURGH—Here’s a head scratcher, considering the robust commercial real estate market in the US and specifically in the Hudson Valley. A long-delayed, but much anticipated retail project here is on hold, a victim of the changing retail investments market, the ownership tells Real Estate In-Depth exclusively. The $250-million Loop-Hudson Valley project, which had leased more…
Read MoreCHAPPAQUA—A storyline that included a bankruptcy that changed everything, false hopes, staunch opposition, failed votes, litigation and in the end finally compromise ended with the groundbreaking of the controversial Chappaqua Crossing mixed-use project here. The approval process took 11 years to finish to get to the point where shovels went in the ground earlier this…
Read MoreHealth Care is the Rx for Hudson Valley Economy WHITE PLAINS—The healthcare sector continues to drive economic growth in Westchester County. Recent projects announced or under construction in the Hudson Valley put the healthcare and bioscience sector well in excess of $1 billion in new projects. On Wednesday, March 2, a plan to build…
Read MoreWHITE PLAINS—The Wilder Companies, a national retail real estate leasing, management, and development firm, was awarded the leasing and management contract for The Source at White Plains, a specialty shopping center in White Plains. The Source at White Plains is a 250,000-square-foot, four-story shopping center with adjoining parking garage. It currently features Whole Foods Market,…
Read MoreNEW YORK—Avon Products Inc., which shed its North American operations in December, announced on March 14 that it plans to relocate its global corporate headquarters from New York City to the United Kingdom. In addition, the company stated it intends to reduce its worldwide workforce by 2,500 employees. The headquarters move and job cuts are…
Read MoreMAHOPAC– Investment sales broker Northeast Private Client Group reported earlier this month the sale of the 16,400-square-foot mixed-use property at 890-908 South Lake Blvd. in Mahopac. Anthony Watkins, a senior associate in the investment real estate firm’s White Plains, office, represented the seller and procured the buyer in the $1.8-million transaction, which closed on Feb.…
Read MoreNEWBURGH—A long-delayed, but much anticipated retail project here is on hold, a victim of the changing retail investments market, the ownership tells Real Estate In-Depth exclusively. The $250-million Loop-Hudson Valley project, which had leased more than 80% of the planned 650,000-square-foot to 700,000-square-foot project to be built on a 120-acre parcel at the junction of…
Read MoreRand Commercial in New City hosted a breakfast gathering for the Rockland Economic Development Corporation. On the agenda was Lucy Redzeposki the Director of Economic Growth and Tourism, Clarkstown Supervisor George Hoehmann and Matt Rand Managing partner BHGRR/Rand Commercial, as well as REDC Interim President and CEO Richard Struck. In attendance were nearly 30 brokers…
Read MoreThe New York State Commercial Association of REALTORS® Hudson Valley Region recently held a Happy Hour Networking event at The Hudson Room in Peekskill. (from left) Michael Spencer, VP Commercial Lending, TD Bank; Jeffrey Dygert, VP, Commercial Lending, Tompkins Mahopac Bank; and James Walker, Past President, NYSCAR (from left) Sue Ann Foote, Branch Manager,…
Read MorePOUGHKEEPSIE—Topics ranging from crime, unemployment, casino impacts, restructuring local governments, improving the region's urban areas and more are up for discussion when the elected leaders of Dutchess, Orange, Sullivan and Ulster counties join Hudson Valley Pattern for Progress at 7:45 a.m. Wednesday, March 23, at the Poughkeepsie Grand Hotel. The event will feature Dutchess County…
Read MoreWHITE PLAINS—The healthcare sector continues to drive economic growth in Westchester County. On Wednesday, March 2, a plan to build a $230-million Ambulatory Care Pavilion adjacent to the existing Westchester Medical Center was approved by the Westchester County Local Development Corp. It is the LDC’s largest deal since its official formation in April 2013. The…
Read MoreCHAPPAQUA—A storyline that included a bankruptcy that changed everything, false hopes, staunch opposition, failed votes, litigation and in the end finally compromise ended with the groundbreaking of the controversial Chappaqua Crossing mixed-use project here. The approval process took 11 years to finish to get to the point where shovels went in the ground earlier this…
Read MoreWHITE PLAINS—The impressive growth of the health care sector in Westchester County and the surrounding Hudson Valley continues. Last week, a host of political and business dignitaries were on hand for the official opening of the expanded Center for Cancer Care facility at White Plains Hospital. Chief hospital officials, along with cancer survivor and White…
Read MoreHGAR to Move HQ Offices in April WHITE PLAINS—While the talk of the real estate industry in the Hudson Valley has been the emergence of the multifamily sector as an economic engine driving growth in the Hudson Valley economy, in early 2016 it has been the retail sector that has grabbed the major headlines with…
Read MoreNEWBURGH—John J. Lease Realtors Commercial Division recently announced that it had sold the Newburgh Federal Building, which has been the home of the West End Post Office since 1940. The property traded for $950,000. The Federal Building at 460 Broadway is a landmark location in Newburgh The Federal Building was originally built by the Tarr…
Read MoreWHITE PLAINS—In what can only be described as “saving the best for last,” Hudson Valley commercial real estate brokers predicted the commercial markets will fare very well this year, fueled by increased tenant demand and surging health care and biotech sectors. The roundtable discussion presented by the Hudson Gateway Association of Realtors’ Commercial Investment Division…
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