Commercial

Houlihan Lawrence Commercial Brokers $18.5M Sale of Two Brewster Warehouse Buildings
The exclusive listing was offered for $18.5 million and was represented by Houlihan Lawrence Commercial Associate Real Estate Broker John Ravetto.

NYCDEP Was Top Taxpayer in Ulster, Putnam, Delaware and Schoharie Counties in 2023
DEP is a top taxpayer throughout the watershed region, paying taxes on the full-assessed value of land, structures, easements and most water supply infrastructure across 230,000 acres owned or controlled by New York City.

Central Harlem North Historic District, Edenwald Houses Nominated to the State and National Registers of Historic Places
A new historic district in Harlem, an industrial manufacturing complex in Poughkeepsie as well as the largest public housing complex in the Bronx are all candidates for recognition.

Major Expansion Plan at Mid-Hudson Forensic Psychiatric Center in Orange County Moves Forward
New state-of-the-art facility to replace outdated buildings in $400 million project planned by New York State Dormitory Authority.

Regeneron Pharmaceuticals Buys Avon Complex in Suffern; Plans to Spend $138 Million on New R&D Complex
Project to start by April 2024 to retrofit facility, build a new warehouse and redevelop an underutilized property.

Paul and Samuel Adler of Rand Commercial Receive HV Chapter of NYSCAR Economic Development Dealmakers Award for 2023
Father and son share prestigious economic development award as result of Chartwells campus expansion in Rockland County.

New York State to Chip in $1 Billion for $10-Billion Albany Nanotech Complex
The partnership will significantly enhance New York State’s position as a leading candidate to secure anchor hub status under the federal National Semiconductor Technology Center, a designation with the potential to unlock more than $11 billion in federal CHIPS and Science Act funding.

EXCLUSIVE: New York Power Authority Seeks New Corporate Headquarters in Downtown White Plains
NYPA plans to downsize into purpose-built 250,000 sq. ft. Class-A headquarters built with sustainability in mind, and sell current 400,000 sq. ft. HQ at 123 Mainstreet.

Yonkers IDA Grants Preliminary Approval of Incentives for $458-Million Teutonia Hall Project
Two 41-story luxury towers anchor the mixed use residential complex, with 906 apartments, 91 affordable apartments, and active street level commercial use space on Buena Vista Ave.

MGM Resorts Takes the Wraps Off of Empire City Expansion if Granted Full Casino License
MGM plans to transition Yonkers' Empire City Casino into a world-class entertainment destination, with a full-scale casino, 5,000-seat entertainment venue, and sportsbook operation, all supported by thousands of union jobs.

Gov. Hochul Requests Major Federal Disaster Declaration for Damage in NYC Region Caused by September Torrential Rains
Federal Assistance would enable New York, Long Island and the Mid-Hudson Region's communities and small businesses to deal with the fallout from flooding, debris and damage from six inches of rain in 24 hours.

Report: The South Bronx Posts Impressive Economic Growth Despite Pandemic Challenges
Public-private investment kept mom-and-pop stores open, provided safe and quality housing for residents, and decreased historic poverty levels — and boosted jobs and businesses by 25% and 20%, respectively.