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The county subsidy would be supplemented by a mortgage recording tax exemption when the site is sold for a budgeted $14 million, and proposed property tax abatement from the City of White Plains totaling nearly $10.5 million over 15 years.
All of the repurposing and demolition of functionally obsolete office buildings is accomplishing the desired goals: less vacant space and a more balanced market.
Wells Fargo Advisors has signed a 21,300-square-foot lease at 2500 Westchester Ave. in Purchase and will relocate 75 employees by the end of the year.
ITT of White Plains will acquire the 160-year-old company from Belgium's Aliaxis Group S.A.
RPW Group plans to add apartments to its signature 620,000-square-foot office complex along the I-287 corridor in White Plains.
The buyer is 2975 Westchester LLC, an entity controlled by the Schur family of Greenwich. The seller is an affiliated company of Rye Brook-based RPW Group.
Robert Weisz builds on his Westchester Avenue holdings with 925 and 1025 Westchester Ave. in White Plains, which were previously part of Normandy Real Estate Partners' Exchange portfolio.
The building was a former data center for IBM at the 620,000-square-foot complex, which is owned by Rye Brook-based RPW Group.
The hospital is hoping the facility will be more convenient for the 10 percent of its patients that come from Westchester County.
The Westchester Bank has opened a branch on the fourth floor of 800 Westchester Ave. in Rye Brook. The bank's sixth branch puts it in one of...