The original complaints filed against the village, Rockland County and developers stemmed from HUD funding they had received for a 62-unit condominium development that was sold “in a discriminatory fashion.”
“HGAR will continue to advocate for policies that promote housing opportunity, protect property rights, and support a fair, transparent, and functional housing market for everyone.”
Paul Adler, Esq., SIOR and Samuel Adler were recently awarded the Economic Development Award by the Hudson Valley Chapter of the New York State Commercial Association of Realtors for the successful transaction they brokered in connection with the sale of 400 Corporate Court in Valley Cottage.
The transaction involved a more than 50,000-square-foot state of the art bus / transportation facility on 16.9+/-acres sold to Realterm; a company that owns and manages transportation real estate and infrastructure assets that serve land, air, sea and rail networks across the world. The property traded for $11.8 million, according to a report in the Rockland County Business Journal.
Sam Adler
“After 45+ years in the commercial real estate business, I am most proud of this deal for what it will bring to the local and New York State economy and humbled to share this award with my son Sam.” said Paul Adler Chief Strategy Officer of Rand Commercial
The sale of this property set an economic price record for Rockland County @ $257-per-square-foot, which will add almost $300,000 to the tax rolls and add 75 jobs to the local economy, Rand Commercial officials stated.
The original complaints filed against the village, Rockland County and developers stemmed from HUD funding they had received for a 62-unit condominium development that was sold “in a discriminatory fashion.”
“HGAR will continue to advocate for policies that promote housing opportunity, protect property rights, and support a fair, transparent, and functional housing market for everyone.”
The congestion pricing program was instituted in January 2025 and during its first year in operation, congestion pricing raked in more than $550 million for the MTA’s $15-billion capital program.
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