REDC Leader to Appear at CID Event on April 14 PEARL RIVER—As expected, Richard Struck officially got the “interim” removed from his job title. The Board of Directors of Rockland Economic Development Corporation announced on March 29th that Struck was officially appointed its new President and CEO. Struck, a resident of Pearl River, has served…
Read MoreNEW ROCHELLE—As hinted previously by New Rochelle Mayor Noam Bramson, RXR Realty is set to propose in coming weeks a 28-story residential tower on Main Street here as part of the downtown district’s revitalization initiative. The project at 587 Main St. will also serve as the litmus test for the city’s recently enacted zoning changes…
Read MoreWHITE PLAINS—Veteran real estate investor and developer Robert Weisz says Westchester County should benefit from the heady New York City office market in 2016. Weisz, principal of the RPW Group of Rye Brook, hosted approximately 40 commercial brokers at a meeting of the Hudson Gateway Association of Realtors’ Commercial Investment Division at his 1133 Westchester…
Read MoreALBANY—New York State announced on March 4 $230.5 million in grant awards for 15 health care capital projects in the Mid-Hudson region. The funding is a portion of a $1.5-billion commitment made by New York State to help health care providers statewide fund critical capital and infrastructure improvements, as well as integrate and further develop…
Read MoreWHITE PLAINS—The Westchester County Industrial Development Agency on March 10 approved incentives for two rental apartment projects in Ossining and White Plains with a total private investment of $57.6 million. The two developments will create approximately 430 construction and permanent jobs. “We are pleased to provide incentives through the IDA for these two projects, one…
Read MoreDANBURY, CT—Coldwell Banker Residential Brokerage in Connecticut and Westchester County announced recently that Charles “Chuck” Cusson has been appointed vice president of operations and will report to Coldwell Banker Residential Brokerage President Joseph Valvano, Cusson will oversee the operational aspects of several key departments within the company, including the relocation, education, marketing and administrative support…
Read MoreNEW YORK—Avon Products Inc., which shed its North American operations in December, announced on March 14 that it plans to relocate its global corporate headquarters from New York City to the United Kingdom. In addition, the company stated it intends to reduce its worldwide workforce by 2,500 employees. The headquarters move and job cuts are…
Read MorePOUGHKEEPSIE—Topics ranging from crime, unemployment, casino impacts, restructuring local governments, improving the region's urban areas and more are up for discussion when the elected leaders of Dutchess, Orange, Sullivan and Ulster counties join Hudson Valley Pattern for Progress at 7:45 a.m. Wednesday, March 23, at the Poughkeepsie Grand Hotel. The event will feature Dutchess County…
Read MoreWASHINGTON— Existing-home sales crept forward in January to the highest annual rate in six months, and subpar supply levels propelled price growth to the fastest increase since last April, according to the National Association of Realtors. The West was the only region to see a decline in sales in January. The Northeast enjoyed nearly a…
Read MoreWHITE PLAINS—The healthcare sector continues to drive economic growth in Westchester County. On Wednesday, March 2, a plan to build a $230-million Ambulatory Care Pavilion adjacent to the existing Westchester Medical Center was approved by the Westchester County Local Development Corp. It is the LDC’s largest deal since its official formation in April 2013. The…
Read MoreCHAPPAQUA—A storyline that included a bankruptcy that changed everything, false hopes, staunch opposition, failed votes, litigation and in the end finally compromise ended with the groundbreaking of the controversial Chappaqua Crossing mixed-use project here. The approval process took 11 years to finish to get to the point where shovels went in the ground earlier this…
Read MoreNew York Gov. Andrew Cuomo has launched a new Fair Housing Enforcement Program. The goal is to root out discrimination in both home sale transactions and in rentals. The governor cited 123 housing complaints that have been resolved that resulted from violations pertaining to protected classes. The protected classes wherein the alleged violations occurred were…
Read MoreWHITE PLAINS—The impressive growth of the health care sector in Westchester County and the surrounding Hudson Valley continues. Last week, a host of political and business dignitaries were on hand for the official opening of the expanded Center for Cancer Care facility at White Plains Hospital. Chief hospital officials, along with cancer survivor and White…
Read MoreTARRYTOWN—The multi-family construction boom, which has been going on in earnest in many U.S. gateway cities, such as New York City, Boston, Washington, DC, and San Francisco to name a few, is finally hitting the suburbs and major cities in Westchester County are now beginning to take advantage of the investment community’s attraction to rental…
Read MoreCARMEL—The Putnam Economic Development Corp. announced earlier this month that it had elected Joseph D. Roberto, president and CEO of PCSB Bank (formerly Putnam County Savings Bank), as its board’s new chairman. In addition, James Bates, Cathy Cassidy, James Copeland, Alana Mikhalevsky and Richard Weiss have joined the board, the PEDC announced. “Joe Roberto has…
Read MoreYONKERS—After a bid to implement a Public-Private Partnership structure to help finance a nearly $2-billion capital program failed some years back, the City of Yonkers is now looking to fund the much needed improvements to its aging school system via more conventional funding methods. The City of Yonkers and the Yonkers Public Schools announced on…
Read MoreGOSHEN—Construction work is now expected to begin in earnest very shortly on the redevelopment of the shuttered Orange County Government Center here. Orange County Executive Steve Neuhaus signed off on more than $52.2 million in contracts for the project. All winning bidders were the low bids for their respective work and will perform their services…
Read MoreNANUET—Better Homes and Gardens Rand Realty announced on Jan. 27 that its home office has moved from 10 Schriever Lane in New City to 95 South Middletown Road in Nanuet. “Our new headquarters brings together all of our real estate support teams, along with our affiliated mortgage, title, and insurance processing teams from Hudson United,”…
Read MoreNEW ROCHELLE—It appears that a major development proposal—the first project to come before the city since a far-reaching rezoning of the downtown district was approved by the City Council in December—will come before the city in the near future. While details are sketchy, a mixed-use high-rise development project is in the works in Downtown New…
Read MoreNEW CITY—In his 2016 State of the County address delivered on Feb. 16, Rockland County Executive Ed Day drove home the progress that has been made since his administration took office when the county was on the brink of financial default. "Because of our ability to make difficult choices, we have overcome complicated problems with…
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