Subscribe by Email

Your email:

Browse by Tag

RCS - Commercial Real Estate Blog

Current Articles | RSS Feed RSS Feed

Investing in New York's Future!

  
  
  
  

See a letter from New York State Governor Andrew Cuomo thanking Rand Commercial Services for its support on building a new Tappan Zee Bridge.

describe the image

 

HVEDC Resource Guide wins Northeast award

  
  
  
  

HVEDC
 Resource Guide
 wins Northeast award

Hudson Valley Economic Development Corporation's Economic Resource Guide has won a Superior Award from the Northeastern Economic Developers Association. The award was won in the Literature and Promotional Awards program Community Profile category. The award will be presented at the organization's annual meeting in Hartford in October.

To learn more about the Hudson Valley:

HVEDC Resource Guide - Download here

To learn more about NEDA:

Northeastern Economic Developers Association - www.nedaonline.org

Nyack Business Beat - by Scott Baird

  
  
  
  

From the Chamber of Commerce of the Nyacks

 
Old friend with a new name

In May of this year, First Niagara Bank (a regional New York Bank) purchased a number of upstate branches of HSBC (a multinational corporation), including the iconic bank branch we all know on South Broadway across from the YMCA. So, in an interesting switch from what we may be used to, a multinational bank has been transformed into a local, regional bank.

Despite the ownership change, the staff in the Nyack Branch remains largely the same. Sara Tucker still leads a team of six business bankers, including Tracy Dembicer, who covers Nyack. Tracy and her colleagues are looking for businesses throughout the Hudson Valley in need of commercial loans. Local credit decision-making is a key strength First Niagara brings to the table.

Sandeep Sandhu is Branch Manager in Nyack. You’ll see other familiar faces at the branch: those of Karen Ayres, Liz Fonvil, Arlene Rodgers, Dan Maze and Latoya Aguillard. We also look forward to working with First Niagara on community projects; the bank has a strong commitment to charitable causes, especially those involving youth and mentoring.

A taste of Italy

Celebrating her seventh year in Nyack, fashion designer Paulette Ross brings charm and class to Nyack in her delightful boutique—p.ross on Main Street in the heart of the Village. At first glance, you might think the small store carries just “one-of-a-kind” pieces, rather than full stock. But that’s only until you understand that Paulette has modeled her shop after European boutiques; while she has every size in the store, just one sample of each item is displayed.

Paulette serves both men and women. Her business is all about knowing her customers and bringing something special to them. She travels to Italy two to three times a year to connect with the latest trends. She works closely with clothing designers to bring home styles that appeal to her customers’ tastes. Paulette is also a fashion artist in her own right. She designs jewelry, which is made in Italy. She designs her own line of shoes, blending high fashion with comfort. In the same vein, the handbags she carefully selects combine trendy looks with practicality.

Special touches, such as making sure shoes have no pinch points and ensuring the fit and drape of clothing are perfect, make Paulette’s product line one of the treasures of Nyack.

Scott Baird is the President of the Chamber of Commerce of the Nyacks; he is a commercial realtor with Rand Commercial Services. His e-mail address: scott.baird@randcommercial.com

describe the image

Adler joins Rockland Community Foundation

  
  
  
  

From the September 2012 issue of Rockland Jewish Standard

C  Users Gerry Desktop 20120905092839972 resized 600

 

 

MTA Payroll Tax Ruling

  
  
  
  
Rand Commercial Services hails yesterday's ruling by State Supreme Court Justice Cozzens, declaring the MTA's payroll tax unconstitutional. Since the inception of the tax, one of the top priorities of of business & non-profits was urging the State Legislature to repeal this unfunded mandate that hurt both taxpayers and business in Rockland & Westchester Counties. The MTA Payroll tax did nothing to help stimulate economic development and with yesterday's court decision it is our hope that one huge obstacle has been removed which will help business & non-profits alike grow in our region.

One Step Closer to Building a New NY with a New Tappan Zee Bridge

  
  
  
  

Gov. Andrew Cuomo said Monday afternoon in Piermont that New York State is now closer to replacing the current Tappan Zee Bridge with a new, $5.2 billion span.
 
The governor's announcement came hours after a unanimous vote by the New York Metropolitan Transportation Council (NYMTC) to officially incorporate the project into the council's plan.
 
"Today we are one step closer to building a new, safer bridge that will revitalize the Hudson Valley by creating thousands of jobs," Cuomo said at the 1 p.m. gathering in Flywheel Park.
 
More than 100 residents and local, state and federal lawmakers gathered downtown, overlooking the Tappan Zee Bridge to the north and local marinas.
 
After a brief speech, Cuomo signed a letter to U.S. Secretary of Transportation Ray LaHood, applying for billions of dollars in TIFIA federal loans to help finance the new span.
 
"The next step is going to Washington to get funding, so we can build the bridge and make tolls affordable," Cuomo said. "After over a decade of delay caused by political dysfunction, this letter demonstrates that we are making real progress towards constructing a stronger, transit ready bridge."
 
When asked what financing would be in place should the state be declined federal funds, Cuomo was terse.
 
"I'm an optimist," he said. "They're going to say yes."
 
Cuomo noted the importance of mass transit, a component local residents and officials have long been asking for.
 
"The future of transit isn't people getting into cars and driving," Cuomo said. "It's mass transit. Period."
 
The new span is slated to house a dedicated bus transit lane during rush hour.
 
The governor recently blasted the proposed $14 toll hike in 2017 as excessive, but did not cite a specific figure that he would like to see—he only advocated a decrease.
 

 

 

From the New City Patch (8/20/12) Cuomo said the sluggish push to build a new bridge over the past 13 years has been time—and taxpayer money—squandered.
 
"We decided to waste millions," he said. "We decided to put people through traffic and congestion and pollution. It was a failure of leadership, a failure of government."
 
NYMTC member and Rockland County executive C. Scott Vanderhoef voted alongside others this morning. Late last week, Vanderhoef and lawmakers from Westchester and Putnam counties announced their decision to vote 'yes.'
 
Vanderhoef said he is pleased to support the project on the heels of Cuomo's assurances that the new bridge is to include mass transit capabilities.
 
"The governor should be given great credit for making it transit compatible," Vanderhoef said. "I am very pleased to be supportive."
 
Vanderhoef also said the federal government should assist New York with the financing of the new bridge connecting Westchester and Rockland.
 
"This new bridge will be safer for our drivers and built to last, and include a dedicated bus lane on day one," said assemblyman Ellen Jaffee, D-Suffern. "It will be a major economic driver for communities across the region, creating approximately 45,000 jobs."
 
Cuomo said the state expects to hear back about federal funding in the coming months.
 
 
 
 

PINCHUS "PINNY" MOROZOW JOINS RAND COMMERCIAL SERVICES

  
  
  
  
FOR IMMEDIATE RELEASE
Contact:
Paul Adler
Vice President | Associate Broker
845-770-1205
Paul.adler@randcommercial.com
 
 
PINCHUS "PINNY" MOROZOW JOINS RAND COMMERCIAL SERVICES
New City, N.Y. Rand Commercial Services (RCS), an independent and leading commercial real estate brokerage in the Hudson Valley, announced today the addition of Pinchus "Pinny" Morozow to their sales team in the New City office.
 
Pinny specializes in multifamily and project developments with a strong background in residential and commercial construction.
 
“We are so pleased to have Pinny as an addition to our Rand Commercial Services team,” said Paul Adler, Vice President of Rand Commercial Services. “His breadth of experience and enthusiasm make him a great asset to the company.”
 
As a resident of Rockland County, NY Pinny specializes in all areas of Rockland County, Westchester & Orange County. 
 
Pinny Morozow can be reached at pinny.morozow@randcommercial.com
 
 
About Rand Commercial Services: Rand Commercial Services (RCS) is an independent, full-service commercial real estate brokerage that serves the Greater New York area. The firm specializes in repositioning and redeveloping properties to improve their returns in addition to assisting clients with more conventional sales and leasing. RCS has nearly 30 agents in Orange, Rockland and Westchester counties, and also serves New York City, northern New Jersey and Connecticut. The company’s Web site is www.randcommercial.com.
###

Tappan Zee Bridge plans, opinions evolve

  
  
  
  

There’s been much evolution of thought during the decade-long-plus discussions to replace the Tappan Zee Bridge. Ambitious plans to overhaul the whole Interstate 287 corridor — principally by including rail or “bus rapid” transit with the new span — receded in October, when Gov. Andrew Cuomo unveiled plans for a scaled-back (and much cheaper) bridge, one designed to accommodate mass transit in the future but featuring neither bus-rapid transit nor rail at the start.

Westchester County Executive Rob Astorino has taken heat for changing his views on the project. His spokesman, Ned McCormack, told the Editorial Board that he doesn’t see Astorino’s opinion as changing, but rather “exercising due diligence.”

C  Users Gerry Desktop untitled resized 600

Astorino has applauded the governor for moving things forward, McCormack said, and “if the governor was in (Astorino’s) shoes, he’d be asking the same questions.”

As the plans for the bridge have dramatically changed, plenty of opinions on the project have evolved.

Westchester County Executive Rob Astorino

“My pledge to Gov. Cuomo is that I am ready to stand with him. I am willing to invest whatever political capital I can bring to getting a new bridge built. ... The first rule is that we must have a plan that is practical enough to actually get the bridge built. Commuter rail trains over the Tappan Zee would be great to have. But how realistic is it to add $6 billion to a $9 billion project, when we don’t have the first $9 billion?” — Astorino during a June 23, 2011, speech to the Manhattan Institute’s Forum on Replacing the Tappan Zee Bridge.

“He’s got to say, ‘Enough is enough. Put the pencils down and let’s build a bridge.’ ” — Astorino during a July 2011 news conference, where he called on Cuomo to move forward with a scaled-back bridge, engineering it so that rail or bus rapid transit could be added later.

“I’m concerned that, at this point, there is no money set aside for bus rapid transit off the bridge and that there (is no) design for light-rail for commerce and or for commuter rail to get people to and from (work).” — Astorino during an October 2011 Q&A with Westfaironline.com, after Cuomo’s scaled-back plan was revealed.

I don’t think it was an outlandish request to get some information before I have to vote on such a huge project.” — Astorino on July 9, 2012, as he, Rockland Executive C. Scott Vanderhoef and Putnam Executive MaryEllen Odell called for delaying a key vote on the project.

“We can do this in stages, but let’s make a commitment to do it and let’s do it, as opposed to let’s pretend we’re going to do it and never get it done, which is really the direction the state would be going in if we don’t make a commitment from day one.” — Astorino on July 11, 2012, explaining that he wanted assurances from Albany that mass transit would be part of plans for the new crossing.

Rockland County Executive C. Scott Vanderhoef

“I think the overriding theme … is that this is not about the bridge. It’s about mobility for the entire 287 corridor for both Rockland and Westchester.” — Vanderhoef in July 2007, calling for a comprehensive approach to the region’s bridge and mass transit challenges.

“You can’t just throw a bridge down there and say we’ll build the rest of it later.” — Vanderhoef in October 2011, after the Cuomo administration announced plans for a scaled-back Tappan Zee project, without immediate plans for bus rapid transit or rail.

“Government is renowned for changing the promises it makes for the future.” — Vanderhoef in December 2011, expressing skepticism about plans to build a “transit-ready” bridge now but only adding bus or rail later.

“(Vanderhoef) simply wanted to delay the vote because he felt he didn’t have the information that he needed to vote on this important issue. It’s a $5 billion project.” — Vanderhoef spokeswoman Sue Cerra, on July 6, 2012, after Vanderhoef, Astorino and Odell delayed a vote by the New York Metropolitan Transportation Council.

“Given the current information and the ongoing discussions, I think I would vote in favor of moving forward.” — Vanderhoef on July 11, 2012.

New York Gov. Andrew Cuomo

“You know what I say, ‘Build the bridge. Build the bridge.’ … I don’t want to hear why we can’t. I don’t want to hear about the problems. If that was the attitude, this state would never be this state.” — Cuomo in November 2011.

“If the county executives are each willing to write the state a check for $1 billion for construction and over $100 million for operating costs, we will move forward with (bus rapid transit). If not, the governor is committed to building a new Tappan Zee Bridge that ends a decade of delay and puts tens of thousands of New Yorkers back to work now.” — Cuomo spokesman Matthew Wing in December 2011.

“The new Tappan Zee Bridge will be built with a dedicated express bus lane (during the peak morning and evening hours).” http://thenewtzb.ny.gov,the project’s website, and New York Thruway Authority spokesman Andrew O’Rourke, confirming an announcement by the governor’s staff on June 28, 2012.

“The new bridge will be built to last for at least 100 years, and include eight general traffic lanes as well as additional wider lanes that would accommodate a pedestrian-bike lane, emergency breakdown lanes and a dedicated bus lane.” — New York State Thruway Authority Executive Director Thomas Madison, in a July 11, 2012, letter to The New York Times.

“(We’re) starting a whole outreach program, to talk to the issues, even if we say, ‘We don’t know yet.’” — Cuomo to the Editorial Board June 29, 2012.

Business Council of Westchester President/CEO Marsha Gordon

“A crucial element of this east-west rail transit system is a direct connection between Orange and Rockland counties and Grand Central Terminal via the Metro-North Hudson Line. This new commuter rail system (represents) the best means to eliminate congestion and improve air quality along the I-287 corridor.” — Gordon, in a March 26, 2006, “Community View” co-written with Catherine Nowicki. The two served as co-chairs of the Westchester-Rockland Tappan Zee Futures Task Force.

“We need to think in a visionary way, and we have to forecast not what we need to build today but where we need to get tomorrow.” — Gordon in July 2007.

“The (Business Council of Westchester) stands behind Gov. Cuomo’s commitment to building a new Tappan Zee Bridge. … We agree that a bridge replacement, as presented, will provide a safe, structurally sound crossing with needed width, strength and components to accommodate all forms of mass transit for both the near- and long-term. The bold plans we have before us will get the bridge we need built today for the safety and security of our citizens and create tens of thousands of much needed jobs for our region.” — Gordon in January 2012.

Rockland Business Association President/CEO Al Samuels

“The business community of Rockland implores you to come up with a vision for tomorrow that includes a new bridge and commuter rail.” — Samuels in February 2008.

“Anyone who wants to add to the cost of that bridge is an obstructionist.” — Samuels in May 2012, responding to calls that mass transit should be part of the new bridge from the beginning.

“This bridge cannot be preserved in perpetuity. It must be replaced.” — Samuels in July 2012.

Journal News/LoHud.com Editorial Board

“With an eye on the emerging needs of east-west as well as north-south commuters, we think that two plans hold the most promise: either a commuter rail or bus rapid transit system stretching across the whole 30-mile corridor from Suffern to Port Chester, feeding into existing north-south rail links and crossing a new bridge.” — March 2008.

“The smartest (transit) options were Bus Rapid Transit or Commuter Rail. We got a little of both … the bus option may offer the flexibility — and least disruption to property owners — needed to create new transit stations along a tight I-287 corridor.” — September 2008.

“Mass transit needs to remain a part of the solution.” — October 2011.

“Gov. Andrew Cuomo has pledged a bridge design that will accommodate mass transit later. ... It’s too early to make that compromise. … Just like the first one, a new Tappan Zee Bridge can transform the region, if it can support smart growth. Cuomo should aim higher and seek funding for mass transit in tandem with the new bridge.” — January 2012.

“A true mass transit system — even bus rapid transit along Interstate 287 in Westchester and Rockland — would take years to plan. … The Cuomo administration should be talking more about how a transit system could be built, even if it’s much further down the line.” — July 2012.

Sam Adler & Harry Adler Join the Rand Commercial Services Team!

  
  
  
  
Rand Commercial Services and especially Mary & I are proud to announce two new agents have joined the company. Please join me in a warm Rand welcome to our sons, Sam & Harry Adler as the newest members of the Rand Commercial Services team....

This begins the 3rd generation of Adler’s in real estate, and the 2nd generation having the pleasure of working with the Rand Family of Companies.

Sam can be reached at sam.adler@randcommercial.com or 917 596 3067
describe the image 
 
Harry can be reached at harry.adler@randcommercial.com or 845 558 1489 
 
describe the image 

Brian Egan joins Rand Commercial Services

  
  
  
  

Please join me welcoming BRIAN EGAN as the newest member of the RCS Team in Orange County. Brian Egan is seasoned & skilled Associate Broker who brings a wealth of experience to our growing Team. Brian’s expertise is in: Land-Industrial & Residential Sub-Divisions.

Brian will be working out of the Goshen office with Charles Emanuel & Michael McBride. Many thanks to Brendan Burke for all his TeamBuilder efforts. Brian can be reached on his cell: 845 731 1846 or at brian.egan@randcommercial.com

 C  Users Gerry Desktop Brian Egan (819x1024) resized 600

All Posts