White Plains, NY The Westchester County Industrial Development Agency (IDA) has voted at its April 26th meeting final approval of financial incentives for a major expansion of Regeneron’s Tarrytown campus. The expansion of Regeneron’s campus is a significant commitment to Westchester’s economy and reaffirms the County’s position as a hub for the life sciences industry. The financial incentives provided
Bronx, NY Urban Edge Properties (NYSE:UE) announced that it has signed almost 60,000 s/f in new leases at Bruckner Commons, introducing high-demand concepts to the area to open in the next 12 months. Aldi (21,976 s/f) and Lot Less (15,082 s/f) bring important value/essential retail, while Buffalo Wild Wings Go (1,666 s/f) will introduce a new to-go-only concept highlighting their most popular menu items in a to-go format. Also at the street level
Manhattan, NY GFP Real Estate, LLC announced seven new long-term lease transactions totaling 16,201 s/f at the Flatiron District’s 230 Fifth Ave. The specialty showroom building is the New York hub of the Home Textiles Industry, home to over 140
New Rochelle, NY Simone Development Companies and G&S Investors announced the opening of the LA Fitness gym at their co-developed 75 Nardozzi Pl. property. The new 36,000+ s/f gym is conveniently situated off Main St., just south of Exit 15 on I-95 and in close proximity to the Hutchinson
Manhattan, NY Ariel Property Advisors (Ariel) Capital Services team arranged $13.5 million in acquisition financing at 65% LTV for three adjacent free-market mixed-use buildings located in Hell’s Kitchen. The value-add buildings were over 40% vacant at close.
Fairport, NY WinnCompanies secured the funding for a comprehensive, $137 million rehabilitation of the Pines of Perinton, preserving the 508-unit, 43-acre community as a key source of affordable housing in greater Rochester for decades to come.
Medford, NY Cushman & Wakefield arranged the sale of a 552,341 s/f development site located at 590 Long Island Ave. The sale price was $3.95 million. Cushman & Wakefield’s Daniel Abbondandolo and Rob Cullen represented the seller, Mary Spina Realty,
Queens, NY Zara Charitable Foundation and Mannan Supermarkets launched a new initiative to confront food insecurity among children in Queens County. This comes on the heels of federal cuts to nutrition programs–mainly Supplemental Nutrition Assistance Program (SNAP)
An expert, and advocate for equitable housing, planning and community development, Brian Loughlin is also an adjunct associate professor of Architecture and Real Estate Development at Columbia University, chair of the American Planning Association’s Housing and Community Development Division
Manhattan, NY Alec Feintuch of Refined arranged financing for two properties located in New York. The transaction featured $4.75 million in permanent financing for a commercial property located in Manhattan.
