The 225,000-square-foot facility, centrally located in White Plains at 1111 Westchester Avenue, will offer adult and pediatric care spanning more than 90 specialties and subspecialties.
The Black/African American unemployment rate was 7.2% as of July, up from 6.3% a year earlier and the highest level since October 2021.
For the first time ever, HGAR members will have direct access to NAR’s C-suite leadership team including CEO Nykia Wright, SVP Industry Relations Jarrod Grasso and Chief Economist Lawrence Yun.
Norges Bank Investment Management will pay $542.6 million for its 95% ownership interest, valuing the property at a gross value of $571.1 million.
The acquisition of the two adjoining properties represents a strategic opportunity to create a best-in-class new building on a prominent development site in the heart of Midtown East.
Cloudbound joins PXG Westchester and My Salon Suite at 80–110 Nardozzi Place as well as LA Fitness and Dello Russo Laser Vision at Simone Development’s adjacent 70 Nardozzi Place.
As part of the partnership, OneKey MLS subscribers will gain direct access to Crexi’s suite of commercial real estate tools.
The buyer was Dempsey Investment LP. The seller was MSB Halstead Holdings.
The office buildings were all built in the 1970s and early 1980s and are currently approximately 50% vacant.
Lowe’s and Sam’s Club are situated within the larger Hudson Valley Plaza, a 673,000-square-foot regional power center, anchored by complementary retailers such as Walmart and PetSmart, among others.
Boasting a vacancy rate in the low 4% and uninterrupted positive trends in rental rates, fundamentals for Westchester multifamily are strong.
Brokers contend that companies will be attracted to Class A-type space, while properties rated at either B or C will have trouble attracting tenants.
The Orange County Partnership attends the SEMI Industry Strategy Symposium in Half Moon Bay, CA to promote Orange County as "the bridge" between New York City and Albany, and a shovel-ready market with sites ready for major semiconductor manufacturing investment.
Leasing activity totaling 6.38 million square feet in the fourth quarter was 20% ahead of the five-year quarterly average of 5.34 million square feet.
The projects, when completed, will involve approximately $1 billion in upgrades to Route 17 in Orange and Sullivan counties.
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