Commercial

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.

Westchester LDC, IDA Boards Approve Financing Deals For New York Blood Center, Senior Housing Projects
The former Avon Headquarters will be redeveloped into a new $108 million facility for the New York Blood Center and Crescent Manor Ossining, a new $44.5 million affordable housing project.

New York City Unveils $42-Billion Kips Bay Health Care Hub Project Master Plan
First-of-its-kind life sciences career and education hub revealed as part of the SPARC Kips Bay Master Plan, with a new economic impact analysis with the potential to create 15,000 jobs.

BBVA to Relocate New York City Headquarters to 74,000 SF at Two Manhattan West
BBVA plans to move to Two Manhattan West, the trophy office skyscraper in the Manhattan West development by the end of 2024.

Bronx Community College Wins $1-Million NYPA Grant to Create Greener Campus
Bronx Community College won $1 million in the inaugural Bronx Green Action Challenge to improve campus sustainability and reduce the BCC's environmental footprint.

Keller Williams Realty Partners Taps Minichino to Lead Commercial Division in Hudson Valley
Keller Williams Realty Partners names Don Minichino, a veteran with more than $55 million in sales and leasing volume, as its Commercial Real Estate Director.

Affordable Housing Stood Out as Recurring Theme of 2023 ‘Putnam County Day’
CARMEL—More than 100 people filled the banquet room at the Putnam County Golf Course recently for HGAR’s annual