STAMFORD, CT-Most commercial real estate brokers believe two things about the current real estate market in the New York suburbs: 1)the market is very tight with little available space; 2) some dot.coms will fail or significantly downsize in the next few months.
NORWALK, CT-While the stock value of Priceline.com dropped at warp-speed, real estate brokers questioned what the fall out will be on its more than 400,000 sf of office space.
MELVILLE, NY-Reckson Associates has sold a 49% ownership interest in eight commercial office properties, including two buildings in Stamford, CT, and one in Tarrytown, NY, in a deal valued at $136 million.
WHITE PLAINS-Two more lease deals with high-technology firms have been secured Downtown. The lease signings at 360 Hamilton Ave. bring the once troubled office building to 82%occupancy.
VALHALLA, NY-The Westchester Medical Center broke ground Tuesday on a $175-million project to build the new Maria Fareri Children's Hospital and Trauma Center at the Valhalla campus. More than 1,000 people were on hand for the event.
PEARL RIVER, NY-Fujitsu Network Communications has signed a new lease deal at its offices at Two Blue Hill Plaza that will add 53,000 sf of space to its development center operations in Rockland County.
VALHALLA, NY-The Westchester Medical Center broke ground Tuesday on a $175 million project to build the new Maria Fareri Children's Hospital and Trauma Center at the Valhalla campus. More than 1,000 people were on hand for the event.
WHITE PLAINS-GHP Office Realty has once again expanded its office portfolio in the New York Metro area with the acquisition of 1 and 4 West Red Oak Lane, which total 150,000 sf of space.
WHITE PLAINS-Starwood Hotels & Resorts Worldwide Inc., headquartered here, has been designated the World's Best Global Hotel Company by Global Finance magazine.
STAMFORD-RiverOak Investment Corp., a recently formed real estate investment fund, has purchased its first property, 200 Central Ave., in Hartsdale, NY, for $4.8 million.