MAHOPAC—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…
Read MoreMAHOPAC—The Putnam County Chambers of Commerce, the Hudson Gateway Association of Realtors’ Commercial Investment Division and the New York State Commercial Association of Realtors have scheduled a “Year of Business Development” breakfast on June 23rd at the Putman County Golf Course here. Putnam County Executive MaryEllen Odell will be the keynote speaker at the event…
Read MoreGOSHEN—The Orange County Legislature voted on June 2 by an overwhelming 19-2 margin to appropriate $1.2 million to the Orange County’s Real Property office to free up the 260-acre Camp LaGuardia property for future development. “I’m pleased that the Legislature voted to take action that will help put Camp LaGuardia back on the tax rolls,”…
Read MoreYONKERS—A more than 30-year effort to develop a parcel of land adjacent to the New York State Thruway has finally come to an end. A deal reached last week between the City of Yonkers, Westchester County, its respective Industrial Development Agencies and the developer will facilitate the construction of a new 175,000-square-foot Target store at…
Read MoreGOSHEN—Legoland has confirmed that it intends to submit plans for a major amusement park in the Town of Goshen in Orange County, Real Estate In-Depth has learned exclusively. A spokesperson for Merlin Entertainments plc, the owner and operator of Legoland amusement parks, confirmed what sources have been telling Real Estate In-Depth and other media outlets…
Read MoreCHAPPAQUA—Who says there are no significant corporate headquarters lease deals in Westchester County? In late May, two firms signed lease transactions at properties in Chappaqua at the storied former Reader’s Digest headquarters building here as well as at the Exchange in White Plains. Brokerage firm Colliers International Group Inc. reported it arranged a long-term, 15,000-square-foot…
Read MoreRYE BROOK—Thomas LaPerch believes that the international listing of Maryknoll Missionaries stately Stanley Hilltop waterfront property in Hong Kong will raise Houlihan Lawrence Commercial Group’s standing in the commercial brokerage sector to a new level. LaPerch, director and associate broker with Houlihan Lawrence Commercial Group, told Real Estate In-Depth in late April that the Stanley…
Read MoreSLEEPY HOLLOW—In what Village of Sleepy Hollow Mayor Ken Wray described as simply “a defining moment for our village, a real turning point” and a break with its industrial past, the developers of The Edge-on-Hudson, a planned more than $1-billion mixed-use development, broke ground on the former site of the General Motors assembly plant here.…
Read MoreSOMERS—IBM is planning to relocate its workforce at its Somers complex to North Castle by the spring of 2017 and put that multi-building 1.2-million-square-foot complex on more than 700 acres on the market for sale. The company plans to also undertake capital improvements to modernize its original corporate headquarters building of approximately 420,000 square feet…
Read MoreNEW WINDSOR—The third time was the charm for Matrix Development Group to secure more than $10 million in incentives for its major distribution project in the Town of Newburgh. The project was granted the incentives despite the objections of the local building trades who charged that the project continues to violate the Orange County Industrial…
Read MoreThrough the New York State Consolidated Funding Application (CFA), a single application for multiple sources of state funding, New York State is soliciting grant applications for projects that advance the priorities of the Regional Economic Development Councils (REDC). Governor Andrew Cuomo has emphasized infrastructure in his budget message and a CFA priority this year seems…
Read MoreWHITE PLAINS—Despite a blistering rebuke of the actions by the White Plains Common Council over what has been a five-year long approval process, the $60-million French American School of New York development project here is still nowhere near breaking ground. New York State Supreme Court Judge Joan Lefkowitz in her recent ruling described the project…
Read MoreWHITE PLAINS—A six-year process to form a public-private partnership to save the storied, but money-losing Rye Playland amusement park finally came to an end on May 2nd when the Westchester County Board of Legislators overwhelmingly approved a deal with New York City-based Standard Amusements. The Board of Legislators voted 13-4 in favor of the deal…
Read MoreNEW WINDSOR—The developer of a major warehouse distribution project in the Town of Newburgh will have to wait until next month to possibly secure millions of dollars in incentives for its $40-million facility that will include anchor tenant AmerisourceBergen. The Orange County Industrial Development Agency delayed two votes on granting incentives to the major distribution…
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