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Rift on the ridge

The developer of Ridge Hill in Yonkers seeks a court judgment against the project’s condo developer for more than $1.6 million ...

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Cancer drug developer reports 1Q loss

Progenics Pharmaceuticals Inc. this month reported a first-quarter net loss of $11.3 million, or 22 cents per share. Officials at the biotechnology company in Greenburgh said a $1.8 million decrease in total expenses for the quarter lowered the oncology-focused drug developer’s net loss from $13.1 million, or 39 cents per share, in the first quarter of 2012. Progenics in January acquired Molecular Insight P ...

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Acorda “strong” despite 1Q loss

Despite a sluggish start to the first quarter, officials at Acorda Therapeutics Inc. in Ardsley said the biotechnology company is still on track to record net sales of $285 million to $315 million this year for its drug Ampyra. The drug is prescribed to improve walking in patients with multiple sclerosis (MS). Dr. Ron Cohen, founding president and CEO of Acorda, told investors that the company now has in it ...

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Coveted Rye property sells high

An undisclosed Long Island investor paid $5.6 million, or $568 per square foot, to acquire 1037 Boston Post Road,  an approximately 9,850-square-foot retail building owned by the city of Rye. The building is occupied by Lester’s clothing store. Gene Pride and William V. Cuddy Jr., of the Stamford, Conn. office of CBRE Group Inc., brokered the sale for the city. They said the property offering drew interest ...

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Brokerage bolsters suburban team

Newmark Grubb Knight Frank  (NGKF) has added three real estate industry veterans to its operations in Westchester County and Fairfield County, Conn. The company announced the hiring of Jacqueline Durels as senior managing director and Tim Rorick and Jodie LaRocque as managing directors. Durels moved to NGKF from Colliers International in Stamford, Conn. As a landlord representative, she brought with her sev ...

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Hudson Health Plan joins MVP

Hudson Health Plan, the Medicaid managed care organization based in Tarrytown, will join the MVP Health Care group of companies, the two nonprofit health plans jointly announced today. Together Hudson and Schenectady-based MVP will serve approximately 733,000 members. Both expect their membership to grow with the launch of the state’s health insurance exchange later this year. Financial terms of the agreeme ...

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Tarrytown practice to expand HQ operations

ENT & Allergy Associates L.L.P. (ENTA) will consolidate and expand its headquarters operations in Tarrytown and close its Mount Kisco office, officials at the fast-growing 140-physician practice said this week. With the consolidation, ENTA will hire additional employees to staff a patient contact center to be built in its expanded headquarters. The practice, which has grown to include 38 clinical office ...

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Deals & Deeds

A poster publisher relocates to Mount Vernon, and more recent real estate deals closed in Westchester County. ...

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New York to get $3.3M from drug maker

Drug manufacturer Amgen Inc. will pay $11 million to settle claims by New York and 35 other states that the company’s inflated pricing data led to overpayments for several prescription drugs by the states’ Medicaid programs. New York will receive $3.3 million from the settlement, state Attorney General Eric T. Schneiderman announced. The states charged that Amgen inflated average wholesale price and wholesa ...

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