WHITE PLAINS—The similarities and stark differences that exist in the four county jurisdiction of the Hudson Gateway Association of Realtors were clearly evident in the presentations by chief economic development officials from Westchester, Rockland, Orange and Putnam counties at the recent Commercial Investment Division meeting held at the new HGAR offices here. More than 60…
Read MoreWHITE PLAINS—2015 was a record year for the county’s Industrial Development Agency (IDA) and Local Development Corporation, which supported 14 projects that will produce a combined total private investment of more than $842 million. While ranging from small to large, a lion’s share of the projects that received financial incentives from Westchester County involved mixed-use…
Read MoreWHITE PLAINS—Westchester County’s economic development programs are geared to promoting its prime location, its quality of life and its highly educated workforce as just some of the reasons why it is the “Smart” place to do business. Westchester County is continuing its “That’s Westchester Smart” marketing and advertising campaign that is focused on both attracting…
Read MoreCHESTER—Orange County’s attempt to bring new development to the former New York City homeless center grounds at Camp LaGuardia has taken a radical turn. Orange County Executive Steve Neuhaus revealed in his State of the County Address a few weeks ago that he was looking to take control once again of the approximately 260-acre camp…
Read MoreWHITE PLAINS—The long awaited move of the Hudson Gateway Association of Realtors from its offices at the soon to be demolished Westchester Pavilion mall to offices down the street at the Source at White Plains complex was completed earlier this month. Boxes were packed and movers and staff completed the office move on Friday, April…
Read MoreThe Hudson Gateway Association of Realtors Commercial Investment Division in partnership with the Rockland Economic Development Corp., will be staging an event at the Pearl River property owned by Industrial Realty Group on May 19. California-based IRG purchased a majority of the Pfizer complex late last year. Officials with IRG are expected to brief CID…
Read MoreELMSFORD—Keystone Property Group announced recently a long-term 14,316-square-foot lease with the Westchester Library System at 570 Taxter Road in Elmsford. The lease comprises the property’s entire fourth floor and a portion of the first floor. 570 Taxter is a six-story office building located near the intersection of Routes 87 and 287. The full-glass building features…
Read MoreA 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,…
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