News:
Brokerage
Posted: June 9, 2014
CBRE Group Inc. appointed exclusive sales agent for the 16 acre Sisters of the Divine Compassion Campus in White Plains
CBRE Group, Inc. has been appointed the exclusive sales agent for the Sisters of the Divine Compassion Campus which comprises ±16 acres in downtown White Plains.
The CBRE team of William Cuddy, executive vice president, and Jacqueline Novotny, associate will represent the Sisters of the Divine Compassion in marketing the property for sale.
Located at 52 North Broadway, adjacent to the Pace Law School Campus, the Sisters of the Divine Compassion Campus consists of twelve buildings on a pristine site in the heart of White Plains immediately off the Cross Westchester Expressway. The site is also accessible via the Metro North Harlem line's White Plains station and the County Bee-line Bus System. The Property can be sold as a single site comprising the entire ±16 acres. Campus buildings include the Good Counsel Convent Motherhouse, Good Counsel Academy High School and Elementary School, the RDC Counseling Center and the Chapel of the Divine Compassion. The Property is expected to attract interest from a wide range of residential development and prospective institutional end users.
"White Plains is home to a diverse mix of educational institutions, Fortune 500 companies and financial institutions," said Cuddy. "This vast, iconic campus, and its in-place infrastructure, provides the perfect opportunity for a developer or academic institution to join others who have made White Plains a thriving live/work/play destination. We look forward to bringing it to market."
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $16.25 million sale of Ponce Bank flagship headquarters in the Bronx
Bronx, NY Marcus & Millichap negotiated the sale of a net-leased bank property occupied by Ponce Bank. The asset sold for $16.25 million. “This property drew tremendous interest as it was a
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.