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General Electric

Real Estate
NY Socialite's Former Mansion With Bowling Alley, Koi Pond, Elevator Listed For $25M NY Socialite's Former Mansion With Bowling Alley, Koi Pond, Elevator Listed For $25M
NY Socialite's Former Mansion With Bowling Alley, Koi Pond, Elevator Listed For $25M Here’s your chance to live like Saratoga royalty–if the price is right. The famed Palazzo Riggi, one of Saratoga Springs’ most luxurious estates, officially hit the market on Tuesday, March 4, giving prospective buyers a chance to own a 19,000-square-foot stone mansion packed with over-the-top amenities. Asking price? $24.9 million. Located at 637 North Broadway, the property was last sold at auction in September 2023 for $7.1 million—a price tag that suddenly looks like a bargain compared to its new listing. The annual tax bill? A cool $143,000. Palazzo Riggi in Saratoga Springs. …

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by Michael Mashburn
News
NY Engineer Sentenced For Stealing GE's Trade Secrets To Benefit China NY Engineer Sentenced For Stealing GE's Trade Secrets To Benefit China
NY Engineer Sentenced For Stealing GE's Trade Secrets To Benefit China A New York engineer is heading to federal prison for conspiring to steal General Electric’s trade secrets to benefit the Chinese government. Schenectady County resident Xiaoqing Zheng, age 59, of Niskayuna, was sentenced to two years behind bars in federal court in Albany on Tuesday, Jan. 3. It followed his March 2022 conviction on a charge of conspiracy to commit economic espionage. After a four-week trial, the jury either acquitted Zheng, or could not reach a unanimous verdict, on 11 other charges. According to the US Attorney’s Office in the Northern District, Zheng worked at GE Po…

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by Michael Mashburn
Real Estate
Historic, 290-Acre Hudson Valley Estate Hits Market For $25 Million Historic, 290-Acre Hudson Valley Estate Hits Market For $25 Million
Historic, 290-Acre Hudson Valley Estate Hits Market For $25 Million A historic mansion in the Hudson Valley that was once lauded by First Lady Eleanor Roosevelt for its “coziness” just hit the market for $25 million. Known as Steen Valetje, the Dutchess County estate, located in Red Hook, sits on 290 acres and offers “breathtaking views of the Hudson River and Catskills beyond,” according to the listing from Compass Real Estate. “A sanctuary of seclusion, and a retreat where friends and family can gather for life's most important celebrations,” the listing says. Built in 1851, the estate was a gift from William Backhouse Astor - once the richest man in Am…

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by Michael Mashburn
News
Cancer-Causing Product Found In Hudson River, With Cleanup Cost At $11 Billion, New Report Says Cancer-Causing Product Found In Hudson River, With Cleanup Cost At $11 Billion, New Report Says
Cancer-Causing Product Found In Hudson River, With Cleanup Cost At $11 Billion, New Report Says A new report by Scenic Hudson has found that General Electric's contamination of the Hudson River with polychlorinated biphenyl (PCBs) will cost more than $11 billion to clean up. The commissioned study, released on Tuesday, April 12, estimates that GE owes $11.4 billion to complete the restoration of the river’s natural resources. The dumping occurred between 1947 and 1977, contaminating a 200-mile stretch of the Hudson from upriver factories to New York Harbor, the report said. PCBs are persistent in the environment and are considered highly toxic to humans and wildlife. The 200-mile st…

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by Kathy Reakes
News
Teatown Reservation Gets 245 Acres In Ossining After Property Transfer Teatown Reservation Gets 245 Acres In Ossining After Property Transfer
Teatown Reservation Gets 245 Acres In Ossining After Property Transfer Brooklyn Botanic Garden transferred ownership of 245 acres in Ossining to Teatown Lake Reservation, the  nonprofit nature reserve in northern Westchester County on Friday, May 18. Brooklyn Botanic Garden’s president, Scot Medbury, and Teatown’s executive director, Kevin Carter, signed the title transfer, which also ensures that the property will be protected from development in perpetuity by a conservation easement.  “From the very beginning, Teatown and BBG have been closely linked,” Carter said. “In fact, without BBG, there would be no Teatown." “Brooklyn Botanic Garden is thrilled …

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by Jon Craig
Obituaries
David Swope, Westchester Business Owner, Philanthropist, Dies At 76 David Swope, Westchester Business Owner, Philanthropist, Dies At 76
David Swope, Westchester Business Owner, Philanthropist, Dies At 76 David Swope of Ossining, a prominent Westchester environmentalist, philanthropist, community leader and business owner, died Wednesday. He was 76. Among his many roles he served as Chair of the Board of Trustees of Westchester Community College in Valhalla, the Teatown Lake Reservation Environmental Education Center in Ossining, and the Jacob Burns Film Center in Pleasantville. As a co-founder of Club Fit health and fitness centers in Briarcliff Manor and Jefferson Valley, he was a pioneer in the development of full service health and fitness membership clubs. He was also the owner of Tappan…

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by Daily Voice