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Archive for the 'Commerce' Category

Mall owner says it will stay in region

January
30

Centro Properties Group’s decision to sell the Cortlandt Towne Center does not mean the Australian shopping mall giant plans to pull out of the Lower Hudson Valley, a company spokesman said today.
But Centro’s sale of the Cortlandt mall to Acadia Realty Trust of White Plains sharply reduces Centro’s profile in the region. The mall was the largest of eight properties Centro had in Westchester and Rockland counties; at 646,000 square feet, it accounted for about half of Centro’s 1.2 million square feet in the region.
The company has not put the other seven retail centers on the block, said Jocelyn Bugay, an administrative assistant in the acquisitions section of the company’s Manhattan office.
Bugay confirmed that Acadia paid $78 million for the mall. The deal closed Thursday, she said. Centro was scrambling for new financing last year after several years of broad expansion; its financial problems drove its stock down to mere pennies.
This month the company said it had secured long-term financing, but at terms that diluted the holdings of shareholders.
Centro has shopping centers in Hartsdale, Mamaroneck, Yonkers, New Rochelle, and Nanuet.

Reach staff writer Jerry Gleeson at jgleeson@lohud.com or 914-694-5026.

Posted by Jerry Gleeson on Friday, January 30th, 2009 at 4:42 pm |
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RBA publishes updated business directory

July
30

The Rockland Business Association has published its latest membership directory, the business group said yesterday.

The 2008-09 edition features listings of businesses in more than 260 different categories and also includes the latest demographic data on Rockland County. Members receive one free copy. Additional directories can be purchased for $10. Nonmembers pay $35.

Posted by David Schepp on Wednesday, July 30th, 2008 at 1:25 pm |
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African American Chamber to honor 10 local leaders

June
18

The African American Chamber of Commerce of Westchester and Rockland Counties Inc. begins its ninth annual Juneteenth Celebration for Westchester County this week with a kickoff event tomorrow evening in Peekskill to honor the 10 most influential black men and women in the Lower Hudson Valley.

A business-to-business reception for the awardees will be held at 6 p.m. at the Crystal Bay Restaurant.

Those to be honored are: Dawna Michelle Fields, national program manager, Colgate-Palmolive Co.; Garrison Jackson, president and chief executive, Circulation Experti Ltd.; Carole Jessup Morris, founder and chief executive, Mount Vernon Neighborhood Health Center; the Rev. Joel E. Mukhwana-Nafuma, pastor, Trinity Episcopal Church, Mount Vernon; W.L. (Tony) Sawyer, superintendent, Mount Vernon City School District; Sen. Andrea Stewart-Cousins, D-Yonkers; community activist Edith Washington Charles of Mount Vernon; Debra J. White, manager of supplier diversity, New York Power Authority; Winston Ross, executive director, Westchester Community Opportunity Program Inc.; and Sandra L. Richards, director — diversity specialist, Morgan Stanley.

The chamber’s three-day Juneteenth celebration commemorates the date in 1865, June 19, that enslaved blacks in Galveston, Texas, learned that President Abraham Lincoln had abolished slavery on Jan. 1, 1863, in issuing the Emancipation Proclamation.

Today, Juneteenth represents freedom and a call for education and achievement to many within the African American community.

Posted by David Schepp on Wednesday, June 18th, 2008 at 2:26 pm |
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Breakfast topic: solutions for a soft economy

June
10

“Business Solutions in a Soft Economy” will be the topic of Wednesday’s Monthly Breakfast Club meeting of the African-American Chamber of Commerce of Westchester and Rockland.
Clarence Stanley, director of the Small Business Development Center at Lehman College, will speak. The event takes place from 8:30 to 9:30 a.m. at the chamber office at 100 Stevens Ave. in Mount Vernon.
A Breakfast Club flier is available online at the chamber’s Web site at
http://www.aaccnys.org/sponsors/breakfastclub2008.pdf.

Posted by Jerry Gleeson on Tuesday, June 10th, 2008 at 4:04 pm |
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UCCs can be filed electronically at Westchester Clerk’s office

June
3

Uniform Commercial Code financing statements, often used to secure liens against co-ops, now can be filed electronically at the Westchester County Clerk’s office.
That means they can be filed any hour of the day or night, from anywhere that’s accessible via the Internet. Statutory processing fees must be paid, but there’s no fee for the use of the system.
To access the Westchester County Clerk’s UCC E-Filing System, go to http://ucc.westchesterclerk.com. The clerk’s office conventionally filed 9,500 UCCs last year.

Posted by Jerry Gleeson on Tuesday, June 3rd, 2008 at 4:23 pm |
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IBM buys Mass. software company

April
18

IBM Corp. acquired Diligent Technologies Corp., a Framingham, Mass., technology company, the Armonk-based computing giant said today.

Terms of the deal weren’t disclosed.

Diligent, which has operations in Tel Aviv, Israel, develops “de-duplication” software that helps organizations reduce the amount and cost of of physical storage needed in data centers. Diligent will be folded into Armonk-based IBM’s System Storage business unit, Big Blue said.

Separately, IBM said it signed a $2.8 billion agreement with Cetelem, a subsidiary of French banking giant BNP-Paribas, to upgrade Cetelem’s consumer financial services operations in Argentina.

Posted by David Schepp on Friday, April 18th, 2008 at 2:45 pm |
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Yonkers banker opens new branch in Manhattan

April
14

Hudson Valley Bank has opened a new branch on Manhattan’s West Side, it said today.

The office, at 112 W. 34th St., near Herald Square and Penn Station, joins three others the Yonkers-based financial-services company operates in Manhattan.

Hudson Valley Bank is a unit of Hudson Valley Holding Corp., which also owns NYNB Bank.

Posted by David Schepp on Monday, April 14th, 2008 at 4:50 pm |
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IBM report outlines risks to national security

April
14

IBM has released a report outlining new risks to people, cargo, and worldwide flows of information, finance and transportation, the Armonk-based technology giant said today.

Based on research and interviews with more than 200 former and current government officials and policy experts, the report highlights the complexity and vulnerability of these systems and provides recommendations for the future, IBM said.

They include developing security systems that do more than just prevent attacks, but also isolate disruptions and provide quick recovery.

Another recommendation is to build technological systems that provide the right information to employees when they need it to help them do their jobs better and protect their organizations.

“Our findings indicate that a better understanding of emerging risks makes it possible to improve security and resilience without harming commercial interests,” said W. Scott Gould, vice president of public sector strategy at IBM’s Global Business Services unit, in a written statement.

The report is available online at IBM’s Web site (www.ibm.com) and requires Adobe Reader software.

Posted by David Schepp on Monday, April 14th, 2008 at 4:02 pm |
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About this blog
Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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