DOVER, NY—The long-delayed Cricket Valley electric generating plant to be built in Dutchess County has secured a major investment from funds managed by New York City-based BlackRock. Also, a chief executive with the developer of the $1-billion project in Dover said the firm hopes to close on financing for the energy project in the fourth…
Read MoreYONKERS—J. Philip Commercial Group Brokerage of Westchester County announced earlier this month the completed sale of 72 Alexander St. in the City of Yonkers for $1.25 million. The Fondak Family, new owners of the property, plan to convert the more than 10,000-square-foot industrial warehouse facility into a beer distribution center and taphouse tasting room. With…
Read MorePOUGHKEEPSIE—A major shopping center on Route 9 here has changed hands. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners represented the seller in the sale of the Mid Hudson Center in Poughkeepsie for $27.5 million. The team was also responsible for procuring the buyer, TFS Investment Group, directed by Avrohom Schlaff…
Read MoreThe health care and education sectors have been key drivers of new jobs in the Hudson Valley region the past few years and all indications are that they will continue to fuel economic growth in the years to come. The health care industry, particularly, has been especially active with major investments and partnerships undertaken recently…
Read MoreWHITE PLAINS—The Hudson Gateway Association of Realtors, celebrating its 100th anniversary this year, opened its new offices in Downtown White Plains that the organization hopes will serve as its corporate headquarters for decades to come. On Monday, July 18th, chief officials with the Hudson Gateway Association of Realtors, including HGAR President Marcene Hedayati, HGMLS President…
Read MoreRYE BROOK—Metropolitan Transportation Authority Chairman and CEO Thomas Prendergast admitted that the New York City mass transit system had fallen behind in terms of repairing and upgrading its infrastructure as well as implementing the latest technology to ensure the safety of its passengers. However, with a $29.5-billion five-year capital program now in place, the agency…
Read MoreYONKERS—Transit Oriented Development was the focus of an exclusive brokers tour of residential projects under construction near Metro-North train stations in Downtown Yonkers last month. More than 30 commercial and residential brokers were on hand for the tour conducted by the city’s Department of Planning & Development. Projects on the tour included River Tides at…
Read MoreGOSHEN—Will the Mid-Hudson Valley region in the next few years be home to not only a $1-billion casino resort in Sullivan County, but a $500-million LEGOLAND New York theme park and resort in Orange County? The approval process that will play itself out over the next six months or so will determine whether the Town…
Read MoreMOUNT KISCO— Regus, a major provider of flexible workspace, has signed a 14,896-square-foot office lease at 100 South Bedford Road in Mount Kisco. The new lease represents Regus’ eighth office location in Westchester County. The shared office space provider currently operates over 140,000 square feet of office space throughout Westchester County. David Block of CBRE…
Read MoreMOUNT VERNON—The Atlantic Development Group, LLC and To Better Days Construction held a topping out celebration on June 30th for their 203 Gramatan Ave. mixed-use project, the first of three major Atlantic Development projects in Downtown Mount Vernon. 203 Gramatan Avenue is a $40-million ground-up quality workforce housing development that includes 159 units of workforce…
Read MoreMOUNT KISCO—A two-story commercial building at 149-157 East Main St. in the heart of Downtown Mount Kisco has been sold in a transaction valued at $4,425,000. The sale represents the relative stability of the Mount Kisco market since the deal marks the first time in 30 years the building has traded. Longtime owner 330 Realty…
Read MoreGOSHEN—Orange County Executive Steven M. Neuhaus and other county and municipal officials participated in a ceremonial ribbon cutting on July 6th to celebrate the grand-opening of Orange County’s Tourism Office. Neuhaus was joined at the event by Deputy County Executive Wayne Booth, Director of Operations Harry Porr, Orange County Tourism Director Susan Hawvermale, County Clerk…
Read MoreSLOATSBURG—New York Gov. Andrew M. Cuomo announced recently that Warby Parker, which produces its own line of affordable designer eyewear, will create 128 jobs over the next five years in a new 34,000-square-foot optical lab in Sloatsburg. Outfitted for the assembly of glasses and the finishing of prescription lenses, this is the first optical lab…
Read MoreMAHOPAC—Putnam County Executive MaryEllen Odell says the county needs to expand its commercial base by securing additional sewer capacity, and also must attract and retain Millennials, as well as encourage ongoing initiatives like “Envision Brewster” and the redevelopment of Tilly Foster Farm. Odell was the keynote speaker at the annual breakfast of the Putnam County…
Read MoreNEW CITY—Rockland County Executive Ed Day announced on June 20th a series of emergency financial measures, including a hiring freeze, that will be put in place to address a potential $4-million budget shortfall caused by the County Legislature's failure to move forward with the sale of the Sain Building here. "We are facing a $4-million…
Read MoreTARRYTOWN—In recognition of its role in the economic growth of Westchester County, Keystone Property Group has been recognized with the Building Owners and Managers Association (BOMA) of Westchester County’s prestigious “Hall of Honor” award. Bestowed during the organization’s May 21 gala awards dinner in Tarrytown’s Abigail Kirsch at Tappan Hill, the award was accepted by…
Read MoreYONKERS—Simone Development Companies reported recently the signing of five new leases totaling approximately 10,800 square of medical, restaurant and retail space at the Boyce Thompson Center, a new 85,000-square-foot mixed-use center under construction in Yonkers. Gastroenterology of Westchester LLC and Juvanni MedSpa & Anti-Aging Center and Primary Medical Care have signed leases of 4,812 square…
Read MoreThe Orange County Partnership honored The Town of Wallkill and its Supervisor Dan Depew as its 2016 Most Valuable Partner at a breakfast held at Villa Penzia in Middletown on June 2 that was attended by approximately 400 people. The town was honored for its creation of the “Medical Mile” along East Main Street and…
Read MoreGOSHEN—Merlin Entertainments PLC made its first presentation of its $500-million LEGOLAND New York theme park on June 14th to the Goshen Town Board and hundreds of local residents, politicians and members of the building trades. Merlin Entertainments PLC, the world’s second largest visitor attraction operator, will file plans with the Town of Goshen on Thursday,…
Read MorePEARL RIVER—The Hudson Gateway Association of Realtors Commercial Investment Division was once again updated on the latest developments at the Industrial Realty Group’s campus here. Major takeaways from the May 19th session held at the property included a new lease deal with a Harlem-based technology start-up and that IRG is currently “master planning” the possible…
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