Westchester & Fairfield Cheat Sheet: AMS buys Yonkers lot for $18.3M, …

Clockwise from top left: AMS buys lot in Yonkers for $18.3M with plans to build 14-story rental building; Stamford Hotel Propco LLC buys "distressed" Stamford Marriott hotel site for $31.6M; 24-story, 225-key "urban resort" hotel planned for entrance to New Rochelle; and a waterfront home in Larchmont with views of Long Island Sound sells for $10.3M. New York City-based AMS Acquisitions LLC has snapped up a 50,000-square-foot lot in downtown Yonkers for $18.3 million, the real estate investment firm said in a release.

Westchester & Fairfield Cheat Sheet: Extell secures tax breaks for…

Clockwise from top left: Extell secures $21M in tax breaks for $502M Yonkers riverfront development, unknown buyer shells out $42M for mixed-use building in Stamford, Armonk garden center could become residential development under proposed plan, and White Plains developer charged with defrauding investors in luxury projects. Extell Development Co.

Yonkers Convict’s Accomplice Busted In $3.5M ‘Shotgunning’ Scheme, Feds Say

An accomplice of a convicted Westchester man was charged in connection with a $3.5 million "shotgunning" scheme, said federal authorities who arrested him Sunday. Saoud "Sam" Rihan, 57, was a business partner of Yonkers resident Simon Curanaj, 63, who admitted last November that he and his associates used bogus information and simultaneous loan applications at multiple banks to fraudulently obtain home equity lines of credit -- a practice known as "shotgunning," U.S. Attorney Craig Carpenito said.

Westchester & Fairfield Cheat Sheet: Stamforda s largest empty office…

Clockwise from top left: The UBS property in Stamford, construction on the waterfront in Yonkers, the Glenwood Power Plant on the Hudson River, and the Wescott apartment community in Stamford. Former UBS site, Stamford's largest vacant office complex, sold for $33M The 700,000-square-foot office complex that once housed UBS has sold for $33 million.

January 2017

... have spent its money anywhere. But executives at the firm, the American arm of a Chinese state-owned company, bet on Yonkers - [more] Global uncertainty is high about President-elect Donald Trump's agenda. But in Westchester, regardless of what side ...