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COVID-19: Working From Home Comes With A High Cost, New Research Says COVID-19: Working From Home Comes With A High Cost, New Research Says
Covid-19: Working From Home Comes With A High Cost, New Research Says Working from home may not be the cost-saving measure that it first appears to be. According to a new working paper from Harvard University researchers, where a remote-worker resides dictates whether or not working from home saves a household any money. At the start of the COVID-19 pandemic, a closed economy meant many people were able to work from home. The move has been hailed as a success by many corporations and employees, but Harvard wasn’t so sure. To determine whether people and businesses are better off with employees working from home, Harvard compared how much households with remo…

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by Kristin Palpini
Real Estate
Sold! Office Complex Goes For $55M In Westchester Sold! Office Complex Goes For $55M In Westchester
Sold! Office Complex Goes For $55M In Westchester A six-building office complex formerly known as Reckson Executive Park has been sold for $55 million, according to CBRE commercial real estate firm that brokered the deal. The property at 2 and 3 International Drive in Rye Brook, near King Street and New York's border with Connecticut was purchased by George Comfort & Sons.  Manhattan-based George Comfort & Sons acquired the 563,596-square-foot office complex in a joint venture with a fund managed by DRA Advisors. The complex was owned by SL Green, which announced in April the impending sale of the property. "The tightening o…

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by Jon Craig
Real Estate
Sold! Two Platinum Mile Buildings Go For $14.75M In Westchester Sold! Two Platinum Mile Buildings Go For $14.75M In Westchester
Sold! Two Platinum Mile Buildings Go For $14.75M In Westchester A commercial landlord has expanded his influence along Westchester's "Platinum Mile" with a $14.75 million purchase. Robert Weisz, founder and CEO of RPW Group of Rye Brook, said his company bought two Class A office buildings at 925-1025 Westchester Ave. on the border of West Harrison and White Plains. The purchase of the 192,711-square-foot property was announced by CBRE, a commercial real estate company that brokered the deal along with Ten-X.  The complex, formerly owned by Normandy Real Estate Partners, sits on 11.7 acres near the I-287/Hutchinson River Parkway interchange. …

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by Daily Voice
Real Estate
Beacon Development Company Buys Former IBM West Site In East Fishkill Beacon Development Company Buys Former IBM West Site In East Fishkill
Beacon Development Company Buys Former IBM West Site In East Fishkill A Beacon development company, RWHPA LLC, has purchased the former IBM West/Bright solar 125-acre campus in East Fishkill in a deal brokered by McGrath Realty, Inc. The deal, which was two years in the making, was closed this month for an undisclosed amount.  The land includes three flex buildings and 70 acres of land, the realty company said. According to McGrath, the town of East Fishkill and Dutchess County government were involved in the process, especially the economic development sector because of its layout in such "a fast growing commercial and industrial region," he added…

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by Kathy Reakes