News

Breaking News: Mayor de Blasio Says NYC to Fully Reopen on July 1

April 29, 2021

NEW YORK—New York City Mayor Bill de Blasio said on an appearance this morning on the MSNBC Program Morning Joe that New York City will “fully reopen” by July 1. The mayor said that at that time there would be no restrictions on restaurants and other businesses. Please check back for further updates on this…

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Mayor de Blasio Names Meyer as Chairman Of NYC Economic Development Corporation

April 28, 2021

NEW YORK—Mayor Bill de Blasio announced on April 27th the appointment of New York entrepreneur Danny Meyer as chairman of the Board of the New York Economic Development Corporation (NYCEDC). Meyer will be sworn in April 28, 2021. Meyer will lead the organization’s 27-member board, which helps to guide NYCEDC’s agenda as the city’s primary…

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Realtors Press Lawmakers on Co-Op Transparency, Eviction Moratorium, Good Cause Eviction Proposals

April 27, 2021

ALBANY—Hundreds of Realtors from across the state, including approximately 100 Hudson Gateway Association of Realtors members, met virtually with state lawmakers earlier today to discuss key issues facing the real estate industry and consumers. After NYSAR cancelled last year’s Lobby Day program due to the COVID-19 pandemic, the program was held virtually via Zoom. NYSAR’s…

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PPE Manufacturer Signs Large Lease Deal in Rockland County

April 27, 2021

PEARL RIVER—Rockland County Executive Ed Day and Economic Development Director Jeremy Schulman reported today that NY Critical Materials LLC, a manufacturer of Personal Protective Equipment (PPE) will be leasing more than 50,000 square feet of space at the former Pfizer complex now known as the New York Center for Innovation. The firm, a subsidiary of…

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Extreme Department Store Signs 15,000 SF Lease in the Bronx

April 23, 2021

NEW YORK— Extreme Department Store has signed a 10-year lease for 15,003 square feet at Concourse Plaza in the Bronx, announced New York City-based The Feil Organization, the shopping center’s owner and manager. The new lease comes relatively shortly after a tenant vacated the space. The department store will be situated on the ground floor…

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Nearly $100M E-Commerce Project in Hawthorne Secures Incentives

April 23, 2021

HAWTHORNE—The Mount Pleasant Industrial Development Agency has approved approximately $3.8 million in sales tax exemptions for the construction of a 153,062-square-foot e-commerce distribution center located at 211 Saw Mil River Road (Route 9A) in Hawthorne that will cost nearly $100 million to develop. The project, which received approval at the IDA’s April 21 meeting, represents…

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While Sales Declined, U.S. Housing Market Posts Record-High Home Prices in March

April 23, 2021

WASHINGTON—Existing-home sales fell in March, marking two consecutive months of declines, according to the National Association of Realtors. The month of March saw record-high home prices and gains. While each of the four major U.S. regions experienced month-over-month drops, all four areas posted year-over-year gains in home sales. The median existing-home sales price in March…

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Regeneron Pharmaceuticals Presents New Plan to Build $480 Million Project in Greenburgh

April 22, 2021

WHITE PLAINS—Representatives of Regeneron Pharmaceuticals, Inc. made a presentation to the Westchester County Industrial Development Agency this morning on an amended expansion plan for property in the Town of Greenburgh that will involve a total of nearly a half billion dollars of investment. Janet Giris, a partner with the law firm DelBello, Donnellan & Weingarten,…

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Rockland County-Based Birch Group Buys NJ Office Portfolio for $255M

April 21, 2021

NANUET—The Birch Group, which is headquartered in Nanuet, has acquired an office portfolio of more than 840,000 square feet in Short Hills, NJ from Mack-Cali Realty Corp. in an off-market deal valued at $255 million. Last month, the Birch Group acquired an office portfolio in Morristown, NJ from Lincoln Equities Group for $77 million and…

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Valley Cottage Industrial Portfolio Trades for Nearly $54 Million

April 20, 2021

VALLEY COTTAGE—A partnership of Lincoln Equities and PCCP LLC has acquired a fully leased, three-building, light industrial portfolio totaling 260,755 square feet along with an adjacent 23-acre development parcel for $53.5 million. The Rockland County-based complex was sold by Sasson Real Estate Group and Garelick Holdco LLC. Commercial brokerage firm JLL marketed the property on…

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Wilder Balter Acquires Tarrytown YMCA Building for Nearly $6.5 Million

April 19, 2021

TARRYTOWN—Wilder Balter Partners Inc. of Chappaqua has acquired the iconic YMCA building in Tarrytown for $6.45 million and plans to redevelop the property into affordable housing project. The development firm plans to convert the four-story brick building at 62 Main St. into 109 units of affordable housing. The project will also feature additional parking for…

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SUNY Empire State College Leases Nearly 30,000 at Four Park Ave. Building

April 19, 2021

NEW YORK—SUNY Empire State College has relocated its classrooms from its Hudson Square campus to 29,747 square feet of space at Four Park Ave., according to property owner and manager The Feil Organization. A multi-use building featuring residential, office and retail, Four Park Avenue is situated at the 33rd Street to 34th Street blockfront in…

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NAR Finds Home Staging Helps Buyers Visualize, Sell Homes Faster

April 14, 2021

WASHINGTON—A newly released survey from the National Association of Realtors reveals that home staging continues to be a significant part of the home buying and selling process. The biennial report, the "2021 Profile of Home Staging" released on April 6, examines the elements of home staging, including the perspectives of both buyers' and sellers' agents,…

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Five Questions With White Plains Mayor Thomas Roach

April 14, 2021

A little more than a year ago, White Plains Mayor Thomas Roach presided over a city that was enjoying a renaissance of new development projects in its Downtown District that promised to reshape the city’s skyline and economy for years to come. Fast forward to April 2021 and while the COVID-19 pandemic still infects and…

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Developers Have Some Big Plans for the Hudson Valley’s Small Cities

April 14, 2021

The cities of Peekskill in Westchester County and Newburgh in Orange County may be smaller than other major cities in the Hudson Valley, but both have some big development plans in the works. Peekskill, which has seen major changes over the past 10 years, is gearing up to add five new affordable and market rate…

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The Demise of Nuclear Power in Our Region

April 13, 2021

At the end of April, the Hudson Valley will bid farewell to an entity both loved and loathed in our region for almost 60 years—the Indian Point nuclear power plant in the Village of Buchanan in northern Westchester County. After providing power to the lower Hudson Valley since 1962, the third and final reactor—Indian Point…

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Westchester’s Top Federal Legislative Priority is SALT Repeal

April 13, 2021

WHITE PLAINS—Westchester County Executive George Latimer released the county’s top federal legislative requests on April 12 and tops on the list is the repeal of the State and Local Tax (SALT) cap. The legislative priorities list sent to the Westchester Congressional delegation also included support for President Biden’s proposed infrastructure spending plan and a list…

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