NANUET—Nyack College has announced it will postpone the planned relocation of its undergraduate programs from its campus in Rockland County to Lower Manhattan until early 2020. In an announcement to students on the college’s website, Nyack College President Michael G. Scales stated that the college had delayed the planned relocation of its undergraduate program to…
Read MoreBUCHANAN—Until recently, the major energy issue facing Westchester County and the Hudson Valley/New York City region was the impending closure of the nuclear reactors at Indian Point in the next two years. However, that was before Con Edison announced its plan to impose a moratorium on new natural gas connections for most of the county…
Read MoreWHITE PLAINS—A.S.A.P. Mortgage, which is headquartered in Cortland Manor, has embarked on a significant expansion effort of late that has included the opening of new offices in New York City and White Plains and the launch of a new commercial finance division. In addition, the company reports its intent to open additional locations in the…
Read MoreEditor’s Note: The following was the testimony given by John Ravitz, executive vice president and chief operating officer of The Business Council of Westchester, at a hearing of the New York State Public Service Commission at a hearing at the White Plains Library on Feb. 13. Good evening. My name is John Ravitz. I am…
Read MoreNEW YORK—If a post mortem were to be done on the failed Amazon HQ2 deal in Long Island City, Queens, the cause of death for the $4-billion deal that was to bring in excess of 25,000 high-paying jobs to the region would no doubt be from multiple causes. The reactions from the governor of New…
Read MoreWHITE PLAINS—In two separate hearings on Wednesday, county, city and business leaders bemoaned the potential economic impact of Con Edison’s moratorium on new natural gas connections for most of Westchester County scheduled to begin on March 15. Some described the current situation as “a full-blown crisis” with the potential to bring new commercial, multifamily and…
Read MoreWHITE PLAINS—The Hudson Gateway Realtor Foundation’s first event of 2019 drew almost 200 people to Neiman Marcus at The Westchester in White Plains for a “Project Beauty” event. The luxury department store closed early for the special event that featured champagne, wine, hors d’oeuvres, make-overs, professional headshots, and a “What’s New for Spring” runway show…
Read MoreWHITE PLAINS—ERA Insite Realty Services, a full service, family owned and operated residential real estate firm with offices in White Plains, Bronxville, Yonkers and Pleasantville, has reported that Meet the Sellers of the Bronx has merged with the White Plains based firm. Meet the Sellers was founded and owned by broker Irene Guanill Elukowich. Louis…
Read MoreALBANY—The New York State Public Service Commission has scheduled public hearings in White Plains next week to solicit public comment on the impending moratorium on new natural gas connections by utility Con Edison set to begin on March 15. The PSC will hold meetings at the White Plains Library at 100 Martine Ave. on Wednesday,…
Read MoreNEW CITY—Clarkstown Supervisor George Hoehmann announced on Feb. 4 the creation of the Clarkstown Business and Economic Development Advisory Committee that is now charged with developing a strategic, pro-growth plan for the town. The committee will focus initially on studying continued shifts occurring in the town’s vitally important retail sector and ways the town can…
Read MoreWASHINGTON—As the battle for funding for President Donald Trump’s southern border wall continues with the possibility of another federal government shutdown or the declaration of a national emergency to free up funding, U.S. Rep. Sean Patrick Maloney (D-NY-18) warns that federal funding for projects at West Point could possibly be walled off. Rep. Maloney says…
Read MoreWHITE PLAINS—Westchester County Executive George Latimer said at a press conference on Monday the county is hopeful Con Edison will delay the implementation of its moratorium on new gas connections for most sections of the county that is set to begin on March 15. Fearing the potential dramatic impacts the moratorium could have on the…
Read MoreWHITE PLAINS—A record crowd of approximately 150 real estate professionals attended the annual Commercial Broker Roundtable presented by the Hudson Gateway Association of Realtors’ Commercial Investment Division on Jan. 23. The panel of veteran commercial brokers who do business in the lower Hudson Valley and New York metro region, were upbeat at the session held…
Read MoreWHITE PLAINS—Westchester County Executive George Latimer, along with a number of state and local officials, are scheduled to meet with Con Ed officials sometime today regarding the impending new natural gas connection moratorium set to begin in March that could impact a host of major projects in the pipeline in the county’s major cities. The…
Read MoreWASHINGTON—In what can only be viewed as great news for Realtors and the residential real estate market, the Federal Reserve on Wednesday decided to hold rates steady and even signaled an end to what had been seen by some as an aggressive policy of raising rates. The Federal Reserve decided to maintain the federal funds…
Read MoreWHITE PLAINS—The storied Westchester County Association, which has been one of the county’s leading business advocacy organizations for nearly 70 years, says it intends to merge operations with regional economic development agency the Hudson Valley Economic Development Corp. The deal between the two organizations is intended to create a regional economic development and business advocacy…
Read MoreYONKERS—The era of the Rooney family at Yonkers Raceway came to an end on Jan. 29 with the closing of the $850-million sale of Empire City Casino and Yonkers Raceway to MGM Resorts International. The Rooney family acquired the storied Yonkers Raceway property in 1972 and opened the highly successful Empire City Casino in October…
Read MoreNEW YORK—It looks as if the much sought after first phase of the Penn Station Access project may finally be arriving at the station. Gov. Andrew Cuomo announced on Jan. 22 that Metro North and Amtrak signed a memorandum of understanding concerning scheduling on an underutilized rail line in the east Bronx to allow the…
Read MoreGOSHEN—The developer who earlier this month signed a contract with Westchester County to build a more than $1-billion bioscience park in Valhalla, has proposed a$60-million plan to rid the Village of Goshen of a mostly vacant and blighted property. Fareri Associates of Greenwich, CT presented the Goshen Planning Board on Jan.22 a plan to redevelop…
Read MoreHARRISON—Toll Brothers’ groundbreaking adaptive reuse of two office buildings here has a new partner and more than $100 million in construction financing. The developer reports it has formed a joint venture with New York City-based J.P. Morgan Asset Management to develop the $157 million, 421-unit Carraway luxury apartment property off Westchester Avenue in Harrison. The…
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