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Howard Greenberg

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Westchester commercial real estate market is healthier than it has...

From a multitenant office market of more than 33 million square feet about 12 years ago, we have demolished and/or repurposed almost 6 million square feet of multitenant office space, and have not built any new office buildings at all.

Towns, trains and water are the keys to development in Westchester

Westchester has morphed from a sleepy bedroom community that rarely saw any interest from developers outside the county to a vibrant county attracting major developers.

Howard Greenberg: Construction bolstering Westchester’s economic development

All of the repurposing and demolition of functionally obsolete office buildings is accomplishing the desired goals: less vacant space and a more balanced market.

Westchester’s commercial real estate market transformation gaining momentum

The Westchester County office market moved forward on two fronts during 2018. The first was a continuation of the positive absorption trend. The second was the continued demolition or repurposing of existing buildings.

Howard E. Greenberg: No shortage of activity in recent years ...

Some sellers are taking some profits. Some are selling off noncore properties to redeploy their capital. Some buyers are buying income in place, and others are looking to add value and rent at higher numbers.

Optimism reigns: A midyear review of Westchester real estate and construction

This report is a confirmation that the positive trends of 2017 are continuing this year.

Year End Review: Multifamily mania and a healthy office market

This has been a year when great changes in our real estate landscape have taken place. The next few years, as our cities continue to be built out and attract new residents, will be interesting to watch.

It’s a new day in Westchester commercial real estate

It is fitting that some of the oldest office stock in Westchester County is now being demolished and the sites redeveloped with higher and better uses.

Office Market 2016: The IBM factor, downtown allure and the...

As of the end of the third quarter of 2016, office leasing velocity was on par with last quarter’s total of 500,000 square feet....