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Gottlieb to Helm Robert Martin’s New Life Sciences/Health Tech Initiative

October 2, 2019

ELMSFORD—The Robert Martin Company LLC, which boasts a suburban office, flex and retail portfolio of more than 6 million square feet, announced on Oct. 2 it is expanding its operations to service the life sciences/health tech industry. Leading the effort will be Laurence Gottlieb, who was named managing director, Life Sciences and Health Technologies. Gottlieb…

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LEGOLAND New York Resort to Open on July 4, 2020

October 2, 2019

GOSHEN—While construction continues in earnest at the property and on a new adjacent exit on Route 17 here, LEGOLAND New York announced on Oct. 2 that it will stage its grand opening celebration on July 4, 2020. “The Fourth of July means family,” said LEGOLAND New York Public Relations Manager Matt Besterman, “and at LEGOLAND…

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Westchester County Association Officially Launches Search for New Leader

September 25, 2019

WHITE PLAINS—After negotiations ended in June on a proposed merger with the Hudson Valley Economic Development Corp., the Westchester County Association has announced the official launch of a search for a new president and CEO to replace longtime leader William M. Mooney Jr. Mooney will retire as of as of Dec. 31, 2019. The WCA…

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Atlas Air Extends HQ Lease in Purchase; To Spend $38 Million on Upgrades

September 11, 2019

PURCHASE—Atlas Air Worldwide Holdings is staying in Westchester County and is in fact renewing and extending its headquarters lease long-term at 2000 Westchester Ave. here and investing nearly $38 million on office space upgrades and equipment. The company and New York State officials jointly announced that Atlas Air had signed a long-term lease renewal for…

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Pioneer Westchester Commercial RE Developer Robert Weinberg Dies

September 4, 2019

NEW YORK—While visionary commercial and residential developer Robert Weinberg passed away at his home in Manhattan at the age of 90 on Sept. 3, his legacy in Westchester County and the surrounding suburbs will live on for generations to come. Weinberg will be best remembered for co-founding Robert Martin Company of Elmsford with partner Martin…

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Longtime State Senator William Larkin Dies at Age 91

September 4, 2019

CORNWALL, NY—Longtime New York State Senator William Larkin, who served the people of Orange County, New York State and the nation for three quarters of a century in the military and political arenas, passed away at the age of 91 surrounded by his family at his home here on Aug. 31. The senator announced his…

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Yonkers Apartment Tower Trades for $48 Million

September 4, 2019

YONKERS—The 311-unit Parkledge apartment tower here has been acquired by the Hudson Valley Property Group, LLC for $48.3 million. The transaction for the affordable rental apartment complex was reported by CBRE Affordable Housing and CBRE’s New York Institutional Group. Tim Flint, executive vice president of CBRE Affordable Housing, along with CBRE’s Jeff Dunne, Gene Pride…

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Iconic Retailer Lord & Taylor to be Acquired in $100M Deal

August 28, 2019

SAN FRANCISCO—Le Tote Inc. a women’s fashion rental subscription service based in San Francisco, has reached an agreement with Hudson’s Bay Co. of Toronto to acquire iconic retailer Lord & Taylor. Lord & Taylor has a significant presence in the New York metro area, including stores in Eastchester, Yonkers and West Nyack in the Hudson…

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Westchester to Present Minority/Women-Owned Businesses (MWBEs) Conference on Sept. 25

August 28, 2019

WHITE PLAINS—The Westchester County Office of Economic Development in partnership with the Town of Yorktown and the Yorktown Small Business Association has announced conXpo North, a conference where Minority/Women-Owned Businesses (MWBEs), Service Disabled Veteran Owned Businesses (SDVOBs) and Disadvantage Business Enterprises (DBEs) can attend informative workshops, connect with county departments, and network with local businesses.…

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Report: New York City Needs to Control Rising Costs for Leased Space

August 28, 2019

NEW YORK—A report released this week by the Citizens Budget Commission calls for the city to better manage city government leased space costs, which rose to $1.1 billion in 2018. Given the rising costs, the Department of Citywide Administrative Services, which manages the city’s real estate portfolio, should accelerate efforts to improve its management, monitoring…

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Robert Martin Execs Discuss Growth Plans After $487.5 Million Mega Purchase Deal

August 21, 2019

(Part two of two) ELMSFORD— Real Estate In-Depth recently sat down with Robert Martin Co. CEO Timothy Jones and Managing Director Greg Berger, to discuss the particulars of the firm’s $487.5-million purchase of a 56-building portfolio, most of which was originally developed by Robert Martin and later sold to the predecessor of Mack-Cali in the…

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HGAR’s Haggerty Makes the Case for a Unified Listing System

August 21, 2019

NEW YORK—Inaccurate data is the major driver of financial and time drains for residential real estate professionals, according to Richard Haggerty, CEO of the Hudson Gateway Association of Realtors, Inc., and president of the New York MLS, LLC. That’s why the time has come for a unified Multiple Listing Service in New York, he noted.…

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Peekskill Scores $10 Million to Improve Downtown

August 14, 2019

PEEKSKILL—New York Gov. Andrew Cuomo traveled from Albany down to Peekskill on Aug. 13 to announce that the city had been selected as the Mid-Hudson winner of the fourth round of the governor’s Downtown Revitalization Initiative. As this year’s winner, Peekskill be awarded $10 million in state funding and investments to revitalize its downtown neighborhoods…

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Experts Decry Rent Laws’ ‘Disastrous’ Impacts

August 8, 2019

NEW YORK—More than 125 commercial and residential real estate professionals heard a rather sobering outlook of what the recently enacted new rent control regulations enacted by the State Legislature and signed into law by Gov. Andrew Cuomo will have on the region’s real estate market. The morning session was held on Aug. 7 at the…

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13 Things to Know: Expansion of Rent Regulation and Tenant Protection

July 31, 2019

Author: Harris Beach Attorneys at Law, PLLC Editor’s Note: The New York State Association of Realtors released the following column for Realtors authored by Harris Beach Attorneys at Law, PLLC in respect to recent rent regulation and tenant protection legislation that was signed into law by Gov. Andrew Cuomo. BACKGROUND: On June 14, 2019, the…

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NAR: Pending Home Sales in Northeast Rose 2.7% in June

July 31, 2019

WASHINGTON—Pending home sales continued to ascend in June, marking two consecutive months of growth, according to the National Association of Realtors. Each of the four major regions recorded a rise in contract activity, with the West experiencing the highest surge. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 2.8% to…

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Northeast Home Sales Rise Nearly 2% in June; Sales Lower Nationwide

July 24, 2019

WASHINGTON—Existing-home sales in the U.S. weakened in June falling less than 2% after a previous month of sales gains, the National Association of Realtors reported on July 23. Two of the four major U.S. regions recorded minor sales jumps, including the Northeast (+1.5%), while the other two—the South and the West—experienced greater declines last month.…

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NY, CT, NJ File SALT Lawsuit Against IRS

July 24, 2019

NEW YORK —New York State Attorney General Letitia James filed a lawsuit on July 17 against the Internal Revenue Service, along with New Jersey, and Connecticut, that argued against the new IRS Rule that would prevent residents from obtaining charitable deductions for contributions to local governments. “The IRS’s move to end tax benefits for charitable…

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