News

RPA Plan Looks to Address Region’s Housing, Infrastructure Needs

December 6, 2017

NEW YORK CITY—The Regional Plan Association in its fourth regional plan says some residents of the New York City metro region are not enjoying the benefits of the robust NYC economy due in large part to the lack of investment in the area’s infrastructure, housing and quality of life. In its 373-page report released on…

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Scott Durkin Named President of Douglas Elliman

December 6, 2017

NEW YORK—Residential brokerage firm Douglas Elliman announced on Dec. 4 it had promoted its chief operating officer, Scott Durkin to president and chief operating officer effective immediately. Durkin, a 30-year real estate veteran and protégée of Barbara Corcoran, joined Douglas Elliman in 2015 as executive vice president of acquisitions and growth. He was promoted to…

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BHG Rand Realty Central Valley Hold Toys for Tots Fundraiser

December 4, 2017

Toys for Tots boxes at the Central Valley office of Better Homes and Gardens Rand Realty are overflowing with support from the brokerage firm’s "Pictures with Santa" fundraiser. Rand officials expressed their gratitude to the local community for its support and offered a “special thank you” to Marines, Lance Corporals Kiley and Kitely, who recently…

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Ginsburg's Scarsdale Retail Condo Trades to Investor for $17M

November 29, 2017

SCARSDALE, NY—Ginsburg Development Companies has sold the retail condominium component of its Christie Place mixed-use project across from the Scarsdale Metro North train station. Knowledgeable sources have informed Real Estate In-Depth that the deal was valued at $17 million. The sale to an unidentified private investor was announced by brokerage firm Holliday Fenoglio Fowler, L.P.,…

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White Plains Hospital Opens New Hospital Expansion

November 21, 2017

WHITE PLAINS— White Plains Hospital unveiled its recently completed addition to its Central Clinical Services operations totaling 20,300 square feet of space at a ribbon-cutting ceremony held on Nov. 20th. The new space at the center of the hospital, from floors three to six, was designed by Perkins Eastman Architects and complements the hospital’s ongoing…

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Project Update: Resorts World Catskills Readies for March 2018 Opening

November 21, 2017

THOMPSON, NY—The tourism industry in the Hudson Valley will likely never be the same in just a few months because in mid-February a new player in the casino gaming industry in the Northeast will arrive—the $1.3 billion Resorts World Catskills casino resort. The first delivery of what will eventually be 2,157 high-tech slot machines arrived…

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Public, Private Institutional Construction Booming in New York City

November 21, 2017

NEW YORK—Public and private institutional construction starts in New York City through the third quarter of this year totaled approximately $4.2 billion, well above the $3.7 billion this sector produced all of last year. Paced by major projects, such as the $1.2-billion Jacob K. Javits Convention Center expansion and other major initiatives, the total for…

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Health Care, Communications, Tech Sectors Key Drivers of Commercial Real Estate Market in Westchester

November 21, 2017

WHITE PLAINS—Tenant demand by health care, technology and communications concerns, particularly along the I-287 corridor, are helping bolster Westchester County’s commercial office market. Commercial brokerage firms Houlihan Lawrence and JLL recently released respective third quarter 2017 market reports for Westchester County. For the most part the two firms agreed on a number of positive prevailing…

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Empire City Casino at Yonkers Exploring Partnership or Sale

November 16, 2017

YONKERS—Empire City at Yonkers Raceway has retained J.P. Morgan Securities LLC to identify a strategic partner or perhaps explore a possible sale as it looks transform the highly successful racing and casino venue into a global gaming and entertainment destination. In its announcement released on Nov. 15, Empire City Casino officials said that JP Morgan…

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Rep. Lowey, HGAR Condemn Devastating Impact of GOP Tax Plan

November 15, 2017

WHITE PLAINS—U.S. Rep. Nita Lowey (D-NY-17) and the Hudson Gateway Association of Realtors held a joint press conference at the HGAR headquarters in White Plains on Nov. 13 to highlight the devastating impacts the U.S. House and Senate tax reform plans would have on middle class taxpayers in the Hudson Valley. “The numbers are in,…

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Astorino Names Macquarie Infrastructure To Run Westchester County Airport

November 15, 2017

WHITE PLAINS—Westchester County Executive Robert P. Astorino announced on Nov. 9th that he had selected Macquarie Infrastructure Corporation to operate Westchester County Airport as part of a $1.1-billion public-private partnership dedicated to improving this vital county asset without expanding its footprint. Macquarie was the unanimous choice of a bi-partisan task force made up of members…

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Greenburgh Approves Regeneron Expansion Plan

November 15, 2017

GREENBURGH—The Town Board of Greenburgh approved earlier this month the site plan application of Regeneron Pharmaceuticals of Tarrytown for a new research and development campus on a portion of a 100-acre parcel in the northern section of the town. Town Supervisor Paul Feiner announced that the Town Board granted site plan approval and a negative…

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White Plains Common Council Approves Controversial French-American School

November 15, 2017

WHITE PLAINS—After nearly seven years in the approval process and in court proceedings, the White Plains Common Council earlier this month approved the controversial adaptive reuse of the former Ridgeway Country Club into a campus for the French-American School of New York. The council approved the scaled-down project by the required super majority (5-2) that…

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Putnam’s Walker Joins Trump Administration

November 10, 2017

CARMEL—Bruce J. Walker has resigned as the Deputy County Executive of Putnam and  was confirmed by the U.S. Senate as Assistant Secretary for the Office of Electricity Delivery and Energy Reliability at the U.S. Department of Energy, Putnam County officials announced on Nov. 1. Walker, a Mahopac native who lives with his wife, Lisa and…

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Gov. Cuomo Says GOP Tax Plan has ‘Diabolical Dimension’

November 3, 2017

ALBANY—New York Gov. Andrew Cuomo joined a chorus of business and political leaders to voice his opposition to the GOP tax reform plan released on Thursday by the U.S. House Ways and Means Committee. In a statement released to the press, the governor did not mince words saying the tax cut plan by the GOP…

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St. Christopher’s, Greenburgh-North Castle School District Partner to Launch ‘Cares’ Program for Hurricane Victims

November 2, 2017

Residents of Houston, TX, Florida, Puerto Rico and the Caribbean are still struggling to recover from the devastating Hurricanes of Harvey, Irma and Maria that left multi-billion dollar paths of destruction. In a grass-roots effort to aid hurricane victims, St. Christopher’s Inc. and the Greenburgh-North Castle Union Free School District have joined forces to create…

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