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Real Estate Development

Lifestyle
New Apartments With Work-From-Home Amenities Coming To Hudson Valley New Apartments With Work-From-Home Amenities Coming To Hudson Valley
New Apartments With Work-From-Home Amenities Coming To Hudson Valley By this summer Hudson Valley residents looking for an apartment will have a chance to check out a new development customized for the work-at-home lifestyle. Located in Dutchess County in the town of Poughkeepsie 44 Springside, is the brainchild of Tinkelman Architecture to bring the latest in contemporary living with a five-story, mixed-use building. The building will have 28 apartments and include a top-floor community room, gym, event/workspace, and rooftop terrace as well as an indoor swimming pool on the ground floor. The company said the apartments offer expansive windows wood veneer …

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by Kathy Reakes
Business
Owners Looking To Transform Mall In Westchester County Owners Looking To Transform Mall In Westchester County
Owners Looking To Transform Mall In Westchester County The owners of a Westchester County mall are teaming up with prominent real estate players to turn the site into a mixed-use residential and commercial development.  The owners of The Galleria at White Plains located at 100 Main St. (Route 119), Pacific Retail Capital Partners (PRCP) and Aareal Bank, are teaming up with real estate developers SL Green Realty Corp. and the Cappelli Organization to transform the mall, according to an announcement by PRCP from Thursday, Nov. 3.  The 870,000-square-foot Galleria opened in 1980 in downtown White Plains and is near a major mass…

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by Ben Crnic
Politics
Trump Issues Last-Second Pardon To Fox News Host Jeanine Pirro’s Former Husband Al Pirro Trump Issues Last-Second Pardon To Fox News Host Jeanine Pirro’s Former Husband Al Pirro
Trump Issues Last-Second Pardon To Fox News Host Jeanine Pirro’s Former Husband Al Pirro As the clock ticked down on his time in the Oval Office, former President Donald Trump issued one last pardon - for the ex-husband of former Westchester County District Attorney Jeanine Pirro, the fiery Fox News host. A total of 143 pardons were issued by Trump on his last full day in office on Tuesday, Jan. 19. But after Trump left Washington, D.C. for Florida on Wednesday morning, Jan. 20, it was announced that Trump had issued one more pardon - for Mount Vernon native Albert Pirro, who was convicted in 2000 on conspiracy and tax evasion charges. The announcement was made public as t…

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by Zak Failla
News
Hudson Valley Developer Admits To Ponzi Scheme Hudson Valley Developer Admits To Ponzi Scheme
Hudson Valley Developer Admits To Ponzi Scheme A real estate developer has admitted to operating a years-long Ponzi scheme that included properties in Westchester. Michael D’Alessio, 53, has pleaded guilty to one count of committing wire fraud and one count of concealing assets from a bankruptcy court. He faces up to 20 years in prison and hundreds of thousands of dollars in fines when he is sentenced on March 22 next year. The elaborate scheme involved defrauding investors of luxury real estate developments in Manhattan, the Hamptons, Westchester and other locales. D'Alessio is the former president and CEO of real estate deve…

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by Zak Failla
Real Estate
Area Real Estate Developer Charged In Investment Scheme Area Real Estate Developer Charged In Investment Scheme
Area Real Estate Developer Charged In Investment Scheme A real estate developer is facing up to two decades behind bars for operating an alleged years-long Ponzi scheme that included properties in the Hudson Valley. Michael D’Alessio, 52, has been charged with committing wire fraud in connection to his elaborate scheme to defraud investors in luxury real estate developments in Manhattan, the Hamptons, Westchester and elsewhere. D'Alessio is the former president and CEO of real estate development firm Michael Paul Enterprises in White Plains. A career real estate developer and contractor, D’Alessio was the CEO of an investment and development fi…

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by Zak Failla
News
Hudson Valley Real Estate Consultant Admits To Federal Voter Fraud Hudson Valley Real Estate Consultant Admits To Federal Voter Fraud
Hudson Valley Real Estate Consultant Admits To Federal Voter Fraud A Hudson Valley man is facing time behind bars after pleading guilty to conspiring to corrupt the electoral process in connection to a New York election. Orange County resident Volvy “Zev” Smilowitz, 29, has pleaded guilty to “the biggest federal voter fraud cause in the modern era,” according to Geoffrey Berman, the United States Attorney for the Southern District of New York, who announced the guilty plea on Tuesday. According to the indictment that Smilowitz, of Monroe, pleaded guilty to, beginning in 2006, while serving as a consultant, he, Shalom Lamm and Kenneth Nakdimen, real estate …

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by Zak Failla
News
ID Released For Man Struck, Killed By Metro-North Train ID Released For Man Struck, Killed By Metro-North Train
ID Released For Man Struck, Killed By Metro-North Train Officials have identified the man fatally struck by a train near the Fairfield Metro-North as MTA Police detectives continue their investigation. Fairfield resident Alfred Lenoci, Jr., 55, was fatally struck by the train at approximately 5:15 a.m. on Wednesday morning, a Metro-North spokesperson said, when the 4:37 a.m. train from New Haven, due into Grand Central at 6:34 a.m., fatally struck him west of the station, near Grasmere Avenue in Fairfield. Lenoci is a well-known real estate developer who served prison time and was convicted in 2001 for his role in the corruption investigation of…

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by Zak Failla
Business
Financing Round Secured For Nevele Project Financing Round Secured For Nevele Project
Financing Round Secured For Nevele Project The first round of financing has reportedly been completed for the historic Nevele Grand Resort, which was auctioned off last month. The Nevele Resort and ProSport Campus has successfully completed its first round of funding, according to a statement released by the Asia Pacific Investment House out of Singapore, which is the chief financier of the proposed $318 million development at the prominent location. Mortgage lender iStar took back the property for $3.5 million after being the only bidder at an auction for the land that was held last month. It had initially been put up for sale last…

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by Zak Failla