Partners Insights April 13, 2026: Commercial Real Estate

REAL ESTATE Partner Insights

CUDDY & FEDER: BUILT ON REAL ESTATE

Our law rm was founded on the strengths of its real estate practice more than 50 years ago. From housing, mixed-use developments, shopping centers and o ce buildings to parks and a ordable housing projects, the rm has played a key role in shaping the real estate landscape throughout Westchester, Fair eld, Long Island, and the Hudson Valley. Cuddy & Feder attorneys have also successfully represented clients in real estate transactions both nationally and globally.

Working collaboratively and creatively with a diverse set of clients that include investment institutions, developers, entrepreneurs, landlords, home builders, lenders, borrowers, manufacturers, commercial and not-for-pro t

“CUDDY & FEDER’S COMMERCIAL REAL ESTATE LAW PRACTICE GROUP HAS EXTENSIVE EXPERIENCE ASSISTING OUR CLIENTS IN ALL TYPES OF REAL ESTATE TRANSACTIONS.”

organizations, public-private partnerships and governmental entities, our Commercial Real Estate lawyers have a proven track record of negotiating and successfully closing complex transactions. In each transaction, our attorneys pay detailed attention to the allocation of risks, rights and obligations of all parties to ensure a favorable outcome.

We are committed to providing our clients with a range of strategies in support of their real estate objectives. As needed, our lawyers rely on the bench strength of Cuddy & Feder’s corporate, bond nancing, environmental, land use and litigation attorneys to ensure our clients get the most out of their real estate endeavors and relationship with our rm.

Westchester

445 Hamilton Avenue

14th Floor

White Plains, NY 10601

New York City

270 Madison Avenue Suite 1801

New York, NY 10016

Hudson Valley

300 Westage Business Center

Fishkill, NY 12524

Connecticut

243 Tresser Boulevard 17th Floor

Stamford, CT 06901

T 914 761 1300 | F 914 761 5372

cuddyfeder.com

Proudly providing legal services since 1971.

Results.

Ingenuity, thoughtfulness and insight have been the hallmarks of our law firm for over 50 years. We pride ourselves on our reputation for quality, substantive ties to community leaders, stakeholders and decision-makers and for bringing deep industry knowledge, compassion and experience to bear in service of our clients’ goals. Our New York and Connecticut attorneys help local, regional, national and multi-national clients alike identify and implement nuanced solutions to complex legal challenges in the following key practice areas: Corporate Law; Energy & Environmental Law; Finance; Land Use, Zoning & Development; Litigation; Non-Profit Organizations; Real Estate Law; Telecommunications; Cannabis Law; and Trusts, Estates & Elder Law. We’re your strategic advisors, addressing not only your legal needs but your business and personal ones as well.

The Cappelli Organization and its subsidiaries, Cappelli Development and LRC Construction, are prominent leaders in real estate development and construction in the Northeast with a 45-year track record of proven excellence. From concept to completion, we bring a unique and well-rounded perspective to every project we oversee.

JUST SOLD 873 N BROADWAY

Houlihan Lawrence Commercial announces the sale of a self-standing building located in North White Plains. Teresa Marziano – Houlihan Lawrence Commercial – represented the purchaser, and Clayton Livingston – McGrath Realty, Inc. represented the Seller. A combination of persistence and deep understanding of the market, zoning and the purchaser, allowed Teresa to help overcome hurdles that emerged and successfully complete the transaction. This is the second time that Houlihan Lawrence has participated in the sale of this particular asset in a relatively short period of time.

Houlihan Lawrence Commercial has developed a deep pool of investors and owners that trust the guidance that experienced Houlihan Lawrence agents provide when navigating commercial real estate markets. The Buyer of 873 N Broadway was referred to Teresa Marziano by Marilyn Kryzansky of Houlihan Lawrence Scarsdale Residential O ce. This underscores the deep collaboration that exists between Houlihan Lawrence commercial and residential agents in the Westchester and Fair eld markets.

If you have any questions about this transaction, please contact Teresa Marziano, TMarziano@houlihanlawrence.com

Houlihan Lawrence Commercial, a full-service division, specializes in Investment Opportunities; O ce, Industrial and Retail Sales and Leasing; Land Acquisition and Development; Municipal Approval Consultation.

With local expertise in the markets north of New York City, the Commercial Division has a database of buyers and sellers throughout the country to e ectively market commercial properties and opportunities on a national level.

On a warm July day in 1969, local, State and Federal o cials celebrated the opening of Sullivan County International Airport a few miles west of Monticello, NY. The 6,000-foot runway was pressed into major service only a couple weeks later, when the legendary Woodstock festival bands started ying in and the emergency choppers started ying out.

While the Airport has continued to play host to international stars performing at local hotels (or just jetting in for their own relaxing getaway), the original dream of a vibrant, attractive aviation hub has – pardon the pun – never really taken o . Yes, there was scheduled airline service in the 1970s – even ights to Canada, earning the “International” part of its name.

And it continues to provide a haven for pilots (who rent hangars from us), planes (propeller-driven and jet-powered), the Civil Air Patrol, Hatzolah Air, and our 911 Center. Aviation fuel sales remain strong, and with an average of 72 takeo s and landings every week, the Airport by no means goes unused.

But we know it’s capable of far more. And that’s why we were thrilled when Gov. Kathy Hochul included Sullivan County in her Upstate Airport Economic Development and Revitalization Program, giving us $18.5 million to construct a new, energy-e cient terminal via the NYS Department of Transportation.

The 15,000-square-foot, timber-supported building nished construction last fall, and it’s a beauty: two stories full of oor-to-ceiling windows facing the runway, with six leasable business o ces, a conference room, a pilot’s lounge, and a second- oor restaurant

AIMING HIGH

By Joshua A. Potosek, Sullivan County Manager

(opening this summer) with an outdoor deck featuring views extending all the way to the high peaks of the Catskills. Sustainably built with glue-laminated wood, the terminal is heated and cooled with a geothermal system, powered in part by a photovoltaic array, and will have electric vehicle charging stations right outside its doors.

On its own, the terminal is an incredible new asset for the Airport. But we are not stopping there. We have just begun marketing the Airport as the

most attractive business jetport within a 100-mile radius of New York City. After all, we already have more room and less expensive lease terms than any of the airports closer to the City (from which we’re only a 20-minute plane ride).

The intent is not to bring back scheduled airline service, since there’s plenty of options in and around the Hudson Valley. Rather, we’re seeking to promote Sullivan County International Airport to business aviation companies as a convenient, attractive, cost-e ective al-

ternative to the far more congested and expensive NYC airports.

Here in Sullivan County’s Catskills, they can store and fuel their planes, ship cargo in and out, and set up o ces for their pilots and ground crews. We’ve already demonstrated the feasibility of this with Hatzolah Air, a nonpro t goodwill that ies around the world from our Airport.

With a new terminal ready to dazzle, we’re aiming high to nally reveal this long-hidden gem.