Commercial

UPDATE: Astorino Budget Hinges on Airport P3 Deal

November 22, 2016

WHITE PLAINS—While business groups have praised Westchester County Executive Robert Astorino’s recent public-private partnership (P3) proposal at Westchester County Airport, the county executive’s proposed $1.8-billion budget is predicated on the Westchester County Board of Legislators approving the plan before the end of this year. In fact, the Board of Legislators has until Dec. 27 to…

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DHL, Possibly New Air Carrier Coming to Stewart Airport

November 22, 2016

TOWN OF WALLKILL—While Stewart Airport has made headlines with the recent revelation that Brooklyn Brewery may be building an $80-million facility at the airport grounds in New Windsor, several other major developments at the airport operated by the Port Authority of New York and New Jersey could be in the offing as well. At a…

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Gap Inc. Opens Fishkill Distribution Center in ‘Pop-Up’ Facility

November 16, 2016

FISHKILL, NY—At a press conference at the warehouse facilities of Gap Inc. here, Gov. Andrew Cuomo announced on Nov. 16th that the retailer has opened its Fishkill distribution center in a new “pop-up” facility allowing more than 1,200 employees to return to work following the devastating fire that destroyed a company warehouse in August. Currently,…

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Orange County Stages ‘Topping Out’ Ceremony at Government Center

November 16, 2016

GOSHEN, NY– Orange County Executive Steven M. Neuhaus joined Chairman of the Legislature Steve Brescia recently at the Orange County Government Center here for a ceremony to place the final steel beam on top of Division Two of the building. A “topping out” ceremony is a construction tradition that signifies that the highest point of…

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Construction on Iona College’s New Project Could Begin Next Spring

November 16, 2016

NEW ROCHELLE—Iona College recently announced plans for a new facility for its AACSB-accredited School of Business, a state-of-the-art academic building that will incorporate part of the existing Hagan Hall while more than doubling the space for classrooms, lectures and faculty offices. Architectural renderings and plans for the new building were shared with the campus community,…

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Brooklyn Brewery Looks to Invest $80M in New Facility at Stewart Int. Airport

November 14, 2016

NEW WINDSOR, NY—The Port Authority of New York & New Jersey Board of Directors tabled a plan that would have Brooklyn Brewery invest at least $80 million on a new 250,000-square-foot facility on vacant land at the industrial park at Stewart International Airport Industrial Park. The PA Board on Nov. 17th tabled the proposal that…

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Astorino Proposes P3 Long-Term Lease Deal With Oaktree to Manage Westchester Airport

November 7, 2016

WHITE PLAINS—Westchester County Executive Robert Astorino has proposed a plan to implement a public-private partnership (P3) whereby Oaktree Capital Management, L.P. would manage operations at Westchester County Airport under a 40-year-lease deal. The long-term lease deal, if approved by the Westchester County Board of Legislators, would save taxpayers more than $140 million, improve the overall…

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NAR Approves HGAR Merger With Manhattan Association of Realtors

November 3, 2016

WHITE PLAINS—The Hudson Gateway Association of Realtors reports that the National Association of Realtors has approved its proposed merger with the Manhattan Association of Realtors (MANAR). Richard Haggerty, CEO of the Hudson Gateway Association of Realtors, told Real Estate In-Depth that NAR approved the merger deal on Wednesday, Nov. 2. The merger, which becomes effective…

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EXCLUSIVE: Legoland Project Could Receive Another $6 Million from NY State

November 2, 2016

ALBANY—The proposed $500-million LEGOLAND New York project in Goshen could garner an additional $6.29 million in state funding, bringing the total incentive package through the state’s Consolidated Funding Application (CFA) program to $10.39 million. On Tuesday, Nov. 1, representatives of the Mid-Hudson Regional Economic Development Council presented this year’s proposals for CFA Funding to the…

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Mayor Thomas Says Mount Vernon is Working its Way Back

October 27, 2016

WHITE PLAINS—In his first appearance before the Hudson Gateway Association of Realtors’ Commercial Investment Division, Mount Vernon Mayor Richard Thomas gave an ambitious, but at the same time pragmatic view of the City of Mount Vernon’s future. The mayor spoke before a gathering of approximately 75 CID members and guests at the HGAR offices in…

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Pattern for Progress Report Cites Factors For Rockland’s ‘Crushing’ Tax Burden

October 26, 2016

PEARL RIVER—A report commissioned by the Rockland Business Association and authored by Hudson Valley Pattern for Progress blames a myriad of issues, including public service salaries, for Rockland County’s high tax burden. The Newburgh-based research and policy organization in a report entitled “A Crushing Burden: Why is Rockland County So Heavily Taxed?” blames high public…

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Striving to Improve the County’s Fiscal Outlook and Quality of Life

October 25, 2016

A Conversation with County Executive MaryEllen Odell CARMEL—Putnam County’s continued push to foster economic development and tourism continued in 2016 with a host of ambitious initiatives, including the continued improvements at the county-owned Putnam County Golf Course, the redevelopment of the storied Tilly Foster Farm and an initiative with the City of Danbury that could…

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Trades Union Buys Putnam County Property for Training Center

October 24, 2016

BREWSTER—For years officials with Laborers Local No. 60 of Hawthorne had to be creative when trying to secure space to train its membership, using other trade union facilities and sometimes even vacant parking lots for classrooms and field training. That was until they found a home in Putman County. Real Estate In-Depth visited Laborers Local…

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Magnolia Bakery and Six Retailers Open At Woodbury Common Premium Outlets

October 18, 2016

CENTRAL VALLEY—Magnolia Bakery opened late last month at the Woodbury Common Premium Outlet here, becoming the first Magnolia Bakery storefront to debut in the Northeast outside of New York City. The opening comes on the heels of six recent retail store openings at Woodbury Common that include four high-end clothing retailers, a popular watch brand…

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Houlihan Lawrence Commercial Group Brokers NYC and Mount Vernon Deals

October 18, 2016

RYE BROOK—Houlihan Lawrence Commercial reported recently that Michael Rackenberg of Houlihan Lawrence Commercial Group closed on the sale of a Chelsea mixed-use building at 137 West 19th St. Listed by Douglas Elliman and Rand, Westchester-based Houlihan Lawrence Commercial Group brought the buyer who won the property for $10.5 million. With six storieS— first floor retail;…

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WCA, County’s Major Cities Partner on Gigabit Broadband

October 11, 2016

WHITE PLAINS—Chief officials of the Westchester County Association and the mayors of the cities of Mount Vernon, New Rochelle, White Plains and Yonkers announced on Oct. 6 that they have signed a “Smart Cities ComPact” to embrace smart growth initiatives. Tops on their agenda is bringing “Gigabit” broadband to Westchester County. The initiative, estimated to…

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Dannon Unveils Headquarters Plans in White Plains

October 11, 2016

WHITE PLAINS—The Hudson Gateway Association of Realtors may have a new neighbor if incentives and approvals are granted by New York State, Westchester County and the City of White Plains. Executives from The Dannon Company, Inc. unveiled plans for the possible relocation of the yogurt giant from Greenburgh to more than 100,000 square feet of…

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Gov. Cuomo Signs $2 Billion Yonkers School Construction Bill

October 5, 2016

YONKERS—Just months after Yonkers Mayor Mike Spano launched the “Rebuild Yonkers Schools” campaign, Gov. Andrew Cuomo on Sept. 30 signed the New York State legislation that will allow the City of Yonkers to start the process to repair and rebuild the school district’s 39 schools. “The governor’s signing of this act signifies our State’s and…

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Yonkers IDA Approves Incentives For AvalonBay Multifamily Project

October 4, 2016

YONKERS—The Yonkers Industrial Development Agency has approved incentives for four projects, including perks for AvalonBay Communities’ 609-unit multifamily development to be built on the Hudson River waterfront. The authority also approved incentives for a 74-unit apartment building to be constructed on a long-vacant “hole in the ground” on upper Warburton Avenue; a high-tech company’s build-out…

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