Page 140 – Rockland County Business Journal

Eagle Rock Apartment Complex In South Nyack Sells For $19 Million

September 3, 2020September 16, 2020rcbizjournal

OT South Nyack LLC, a Monsey-based company, has bought the 72-unit rental complex at 292-302 Piermont Avenue for $19 million

Condo And Coop Owners Must Enforce Rules To Keep Buildings COVID-Safe

September 2, 2020September 14, 2020rcbizjournal

Hard as it may be to keep up the fight and police lax behavior, condominium and co-operative boards must remain steadfast in enforcing public health and safety rules.

No Referendum On Patriot Hills Golf Course Says Judge Berliner

September 2, 2020September 11, 2020rcbizjournal

A Supreme Court Judge has ruled that a petition seeking a public referendum on the Town Supervisor’s authority to sell Patriot Hills Golf course and adjacent lands to developers is invalid.

Nyack College Submits Letter To Attorney General To Show Sale of Campus Is A Fair-Market Transaction

August 31, 2020September 11, 2020rcbizjournal

Nyack College has submitted a letter to the New York State Attorney General’s Charities Bureau to report the sale of the college. Nonprofit organizations are required to show the AG’s office that a fair market transaction is taking place.

Developers Of Diana Place In Nyack Reshift Focus Due To Pandemic Pressures

August 31, 2020September 11, 2020rcbizjournal

Joseph Maraia, one of the developers behind the proposed Diana Place rental project in Nyack, says the coronavirus pandemic has waylaid plans to build the 26-unit multi-family building on at 249-259 Main Street.

Approved Nyack Rental Project On The Market For $2 Million

August 28, 2020September 9, 2020rcbizjournal

JED Realty, which had planned to replace two single-family houses at 249-259 Main Street with a 26-unit multifamily rental apartment called Diana Place, is asking $2 million, according to broker Michael Scrima of Redwood Realty Advisors

Malls Replacing Retail With Fulfillment Centers May Harm Long-Term Prosperity

August 27, 2020September 7, 2020rcbizjournal

Mall owners nationally are embracing the idea of leasing vacant anchor stores to e-commerce entities like Amazon for fulfillment center or ghost kitchens.

Seasoned Nyack Restaurateur Opens The Henry Despite COVID Constraints

August 26, 2020September 3, 2020rcbizjournal

The Henry, an upscale sports bar with comfort food, is a comfort itself at a time when the village has witnessed the loss of Joe & Joe Nyack, ODs Tavern, The Pie Lady, Johnny Cakes, J Petal, and AJs Crab Shack & Bar. For now 8 North Broadway is closed.

Moody’s Upgrades Rockland County’s Ratings Amid Coronavirus

August 25, 2020September 2, 2020rcbizjournal

Moody’s Investors Service on Monday increased the rating to Rockland’s Various Purposes Bonds and Refunding Bonds to A1 from A2. They also upgraded to A1 from A2 the County’s issuer and general obligation limited tax ratings.

Commercial Rent Collection Inching Up But Several Rockland Retailers Still Paying Zero

August 24, 2020September 2, 2020rcbizjournal

Retail rent collections notched up in July, though they were still down by 19 percent compared to last year. The pandemic has altered how we shop – but is this a temporary or permanent shift?

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