Weisz Sells Harrison Court Med Center — Largest 2008 Comrcl Prop Sale in Cty

WPCNR REAL ESTATE REPORT. From Cushman & Wakefield. June 13, 2008 (Edited): RPW Group, the firm owned by the well-known White Plains renovator of commercial office properties, Robert Weisz,  and Cushman & Wakefield today announced the completion of the sale of Harrison Court Medical Center, a five-building complex located at 220, 222, 226, 230, and 244 Westchester Avenue in Harrison, NY. RPW Group sold the 189,197 square-foot property to Pro Med Properties for $53.3 million.  The transaction is the largest commercial property sale year-to-date in Westchester County.


 


 


Built between 1967 and 1983, Harrison Court Medical Center is situated on 14.3 acres and located on the perimeter of downtown White Plains. There is also a pad site with the approval to build a 71,854 square-foot, four-story building located at 250 Westchester Avenue (adjacent to 244 Westchester Avenue).


 


“The final results of the sale demonstrate the fact that pricing is still moving upward for good quality assets,” said Robert Weisz, president of RPW Group.  “In a real estate market where there is simply not an abundance of product available for purchase, the offering drew strong interest from the investment community.”


 


Andrew Merin, vice chairman, and Gary Gabriel, executive vice president, of Cushman & Wakefield’s Capital Markets Group, together with Glenn Walsh, senior director and Tom O’Leary, senior director, in Cushman & Wakefield’s Westchester/Fairfield County region represented the seller and procured the purchaser.


 


“It is extremely gratifying to execute on behalf of our valued long term client in the midst of a challenging market for investment property sales,” said Mr. Merin. 



“This sale process demonstrated strong investor demand for well located medical office buildings in the post credit crunch environment,” said Mr. Gabriel.  “RPW successfully repositioned the park and brought it up to full occupancy, while the acquisition enabled Pro Med to meaningfully expand its footprint in the suburban tri-state area.” 


Collectively 97% occupied, the buildings range from a multi-tenanted four-story building to a single story, single-tenant building. Each building is unique which adds to the attractiveness of the offices for doctors and their patients, such as 220 Westchester Avenue with individual entrances for each of its six tenants.


 


The property offers frontage on I-287 and is located across from a 276 bed division of one of the region’s largest hospital systems, the New York Presbyterian/Cornell Medical Center. In addition, the site is two miles from the White Plains Hospital Center with 292 beds.


 

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Hockley Ops Seek Signatures to Oust Dem Distrt Ldrs to Secure Hockley Mayor Bid

 


WPCNR BACKROOM BULLETIN. By John F. Bailey. June 12, 2008: WPCNR has learned and Democratic leaders confirmed today that there is revolution in the air in the White Plains Democratic Party.  



Councilman Glen Hockley speaking at Flag Day Thursday morning in White Plains, a city celebration which he helped inaugurate.


Supporters of Councilman Glen Hockley are fanning out across the city, carrying petitions door to door in an effort to sign up enough registered  Democratic voters in White Plains 43 Districts so that a new cadre of district leaders supporting Mr. Hockley can unseat the current district leaders.


The effort  WPCNR has learned, is an organized strategy by Councilman Glen Hockley to orchestrate his being nominated for Mayor to run on the Democratic ticket in the fall of 2009. 



WPCNR was informed of this today by a district leader who became aware one of the Hockley supporters carrying a petition seeking to challenge their district leadership position.  A highly placed member of the Democratic City Committee told WPCNR he was aware of the Hockley campaign, but did not know the extent of it.


The district leader who informed WPCNR, speaking on condition of anonymity, said the strategy is for Mr. Hockley supporters to gather enough signatures  to unseat current district leaders in enough “weighted” districts to sway the nomination for Mayor to Mr. Hockley next spring.


Cracking the Lineup, Securing “Delegates”


With Mayor Joseph Delfino possibly not running in 2009, the lineup of Democratic personalities to take his job  (and nomination assures election in Democrat-heavy White Plains), is long: Councilpersons Benjamin Boykin, Rita Malmud and Dennis Power are ready to go. Bill Ryan, despite current public relations problems, could go. Assemblyman Adam Bradley could decide to run. The only name not on Democrats’ leaders lips is that of Mr. Hockley.


New district leaders favorable to him would assure Mr. Hockley of either being renominated for Common Council in 2009 or ultimately, the Mayor position, and make him a player rather than a discard like Mr. Bernstein was in the spring of 2007.  


The more populated districts in White Plains are being targeted by the Hockley Intitiative. In 2001, the late Councilman Robert Greer, denied the Mayoral nomination by the party nominating committee which recommended Bill Ryan to district leaders, was able to win the nomination on the floor by secret ballot over the chosen nominee, Bill Ryan, by winning the more populated districts to his side.


WPCNR attempted to reach Mr. Hockley to confirm this Hockley grass roots effort, but was unable to leave a message.


As WPCNR’s source explains it, on the floor of the Party caucus next September, when district leaders are elected, anyone living in a district, a registered Democrat, who has the amount of petition signatures more than the present District leader can win that leadership position by presenting the petitions.


Disillusioned with District Leadership in Spring 2007


District leaders fell in line behind party leadership, much to the unhappiness of challengers for Common Council seats last year. Claire Eisenstadt,  Don Hughes, Robert Levine, and Robert Stackpole challenged the party nominees for Common Council: Milagros Lecouna, Benjamin Boykin and Dennis Power.


Despite being told by District Leaders that the district leaders supported them, the actual floor vote fell in line overwhelmingly for the party line nominees: Boykin, Lecouna and Power.  Incumbent Arnold Bernstein denied renomination for a seat he was elected to,  challenged in the Democrat primary only to lose. Mr. Stackpole and Mr. Levine elected to challenge the party trio of Boykin, Lecouna and Power in the November general council 2007 election and lost.


Preempting a Preemption


Our armchair analyst of the Democratic Party sees that Councilman Hockley – who has for months incurred the wrath of party leadership for his support of Mayor Joseph Delfino positions, as did Mr. Bernstein – sees he has no possibility of winning the Mayoral nomination unless he can take over the party leadership. His strategy is to change the leadership district by district. Our source notes that the Hockley Initiative has about three months to make their play.


Our source dismisses the possibility of Mr. Hockley changing parties and running on the Republican ticket : “He knows his only chance is to change the leadership of the party.”

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City Seeks Budget Director:Inquire at City Hall. Structure, Reporting Sketchy

WPCNR CITY HALL CIRCUIT. June 11, 2008 UPDATED JUNE 12, 2008 5:25 P.M. E.D.T.: The City of White Plains is advertising for a Budget Director, a position that has been vacant since  June 2, 2006, when Anne Reasoner left the position and later took the position as Depurty Budget Director  (in August, 2006)and then became Budget Director  with the County of Westchester in the Andrew Spano administration. The advertisement appeared June 4, 8 days ago on the government  employment website of the New York State Government Financial Officers Association.



In a statement to WPCNR, the Mayor’s spokesperson, Melissa Lopez confirmed the search was on, but  whom any new Budget Director would report to, should they be hired, has not been determined. Ms. Lopez wrote: “As for the budget director, no decision has been made on the structure of the department yet. We are testing the waters to see if anyone qualifies. “


Asked if Gina Cuneo-Harwood, the Commissioner of Finance was leaving the city, Ms. Lopez said “No, absolutely not.”


The advertisement does not indicate whom the Budget Director will report to. The last two years, Gina Cuneo-Harwood, the City Commissioner of Finance and currently Chief Financial Officer has prepared the budget. Previously the city has taken the position that they would attempt to consolidate services in the interest of saving money, but had not made a firm decision to abolish the budget department. The current 2008-2009 City Budget passed by the Common Council May 27, states that the Budget Director is to be paid $130,396.


The advertisement reads:


 

BUDGET DIRECTOR, City of White Plains, New York


The City of White Plains is currently seeking an experienced Budget Director to direct


the preparation, execution, and control of the City’s Budget (all funds) and six year


Capital Improvement Program. The City’s operating budget is in excess of $161


million. Must also be knowledgeable of grant accounting, GAAP, and special revenue


funds. Incumbent provides budgetary guidance to the Mayor and Common Council, is


responsible for the allocation and expenditure of funds, and formulates long and short


term budgetary policies. Position requires interaction with department heads, elected


officials and members of the public. Knowledge of GFOA best practices, distinguished


budget award criteria, and performance based budgeting a plus.


Appointment to this position is made by the Mayor, subject to confirmation by the


Common Council. Requires: BA or MA in business or public administration, political


science, accounting, economics or related financial field, and six (6) years experience in


public budget management or governmental finance at the supervisory or administrative


level. Salary DOQ. Send Resume to: Elisabeth Wallace, Personnel Officer, City of


White Plains. 255 Main Street, White Plains, New York 10601

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County Studying Bus Rapid Transit Feasibility on Central Ave.

WPCNR COUNTY CLARION-LEDGER. From Westchester County Department of Communications. June 11, 2008: The Westchester County Department of Transportation is conducting a study to determine whether a high capacity rapid transit system could run along one of the county’s major commercial strips extending from White Plains at the north end to Yonkers and the New York City subway in the Bronx.  BRT would offer many of the advantages of rail transit but at a lower cost.



“With gas well over $4 a gallon, improving transit service is critical to giving people more feasible travel options,” said County Executive Andy Spano.  (Pictured above is a Bus Rapid Transit System station in Bogota, Columbia)


 


 A public open house will be held that will consist of informal discussions and viewing of project presentation boards from 5:30 to 8 pm, and a formal project presentation at 6 pm at the Will Library in Yonkers Monday. 


It is intended to show residents how BRT components can speed up bus service on Central Avenue.  Some features of BRT that could be effective are a dedicated bus lane between Sadore Lane in Yonkers and the Yonkers/Greenburgh border, transit signal priority that would give buses an early green light or extended green light, fewer stops, more service and enhanced station amenities.  An earlier public meeting to introduce the project was held in June last year to obtain initial feedback from the public.


 “Enhancing the Bee-Line system to encourage more people to ride the bus will reduce the number of cars on the road and cut down on greenhouse gases – an important piece of the county’s Global Warming Action Plan,” said Transportation Commissioner Lawrence C. Salley.


From 2003 to 2007, the number of local bus riders on Central Avenue increased by more than 20 percent, mainly due to the introduction of MetroCard, opening of Empire City at Yonkers Raceway and the development of downtown White Plains.  With over 10 percent of all Bee-Line customers riding buses on Central Avenue — on the local Route 20, limited stop Route 21 and the Westchester-Manhattan Express Route BxM4C — the corridor shows the potential for BRT.   


The open house will be conducted at the Will Library, which is located at 1500 Central Park Avenue in Yonkers, at the corner of Tuckahoe Road.  For more information, contact Naomi Klein, Principal Planner, [email protected] or (914) 813-7758.

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