Connect with us

Business

Regeneron Pharmaceuticals Purchases Avon in Suffern For $38.875 Million, To be Used For Research & Development Laboratories

Published

on

SUFFERN, NY – Avon Capital Corporation, a Delaware Corporation, sold its property holdings at 1 Avon Place in Suffern to Rock County Holdings, LLC. Rock County Holdings, LLC is the realty arm of Tarrytown-based Regeneron Pharmaceuticals, Inc. The property sold for $38.875 million. The 235,000 square foot building complex on 10 acres was the corporate headquarters and global innovation center for Avon Corporation.

According to its application with the Rockland County Industrial Development Agency (IDA), Regeneron plans to use the facility for research and development and for cold storage. The acquisition will enable the company to expand its research efforts against infectious diseases and to further develop its existing portfolio of treatments.

Regeneron plans to spend about $70 million on infrastructure and reconstruction of the existing facility. It also sought and received a sales tax exemption worth about $4 million on an estimated $50 million of improvements, and is pursuing a Payment In Lieu Of Taxes (PILOT) agreement with the Village of Suffern, the Town of Ramapo and the local school district. Avon had enjoyed a PILOT during its tenure at the facility, and was released from its Agreement with the IDA in April of 2023. Regeneron is anticipating 230 full-time jobs with average salaries between $105,000 and $435,000 per year. Construction should be completed in 2026.

“As you may know already, the pharmaceutical company Regeneron has purchased Avon properties. Regeneron is a top-notch company who will bring jobs and hopefully home buyers to our Village. They will also help with foot traffic downtown, which is always good for our local businesses. They will provide approximately 230 jobs, with salaries ranging from $125,000 to $175,000 a year. I wish them well and as Mayor, I will assist them with a smooth transition and hopefully growth in our Village.” said Village of Suffern Mayor Curley.

Full article below from the Rockland County Business Journal here

Continue Reading
Advertisement

Business

Down To Earth Living The Many Benefits of Indoor Plants for Health, Productivity, and Aesthetics

Published

on

Indoor plants have become a popular addition to both homes and workplaces, offering much more than just aesthetic value. They provide numerous benefits, ranging from improving air quality to enhancing mental health. Here’s an overview of the positive effects indoor plants can have, backed by scientific research:

  1. Better Air Quality: Indoor plants are well-known for their ability to purify the air. Through photosynthesis, they absorb carbon dioxide and release oxygen, which refreshes indoor spaces. Research from NASA’s Clean Air Study highlights how plants like spider plants, peace lilies, and snake plants can remove harmful pollutants such as benzene, formaldehyde, and trichloroethylene, which are commonly found in household items like furniture and cleaning products.

  2. Improved Mental Health and Productivity: Indoor plants positively influence mental well-being. A study in the Journal of Physiological Anthropology showed that interacting with plants, like watering or trimming them, can lower stress and promote relaxation. Even in indoor environments, this connection with nature helps create a calming atmosphere that boosts overall well-being. In work settings, plants are linked to a 15% increase in employee productivity, as found in a study published in Environmental Psychology. The presence of greenery helps with focus and job satisfaction, making workplaces more stimulating and motivating.

  3. Aesthetic Value: Indoor plants can transform a room, making it more lively and inviting. They soften architectural features, fill empty spaces, and add a natural element to modern interior designs. A survey by the National Gardening Association revealed that many people choose to incorporate indoor plants into their homes or offices mainly for their aesthetic appeal.

  4. Health Benefits: Indoor plants can also support physical health by helping maintain optimal humidity levels, reducing issues caused by dry air, such as dry skin, sore throats, and coughs. Additionally, plants can absorb sound and reduce noise, making them especially beneficial in busy homes or open office spaces.

  5. Low Maintenance and Easy Accessibility: Many indoor plants are low-maintenance, making them ideal for people with little gardening experience. Plants like pothos, zz plants, and succulents are easy to care for and thrive in various lighting conditions, allowing anyone to enjoy the benefits of indoor plants without needing expert knowledge.

Incorporating indoor plants into your space is a simple yet effective way to enhance both the environment and your well-being. Not only do they purify the air and promote mental and physical health, but they also make your space more aesthetically pleasing. As research continues to confirm their many advantages, it’s clear that indoor plants are a worthwhile addition to any home or office.

Down to Earth, now celebrating its 53rd year, offers a wide range of indoor plants and is expanding its offerings for 2025. Their indoor plant showroom will open on March 13th for the spring season. Located in Pomona, Rockland County, the Down to Earth Living Garden Center spans 12.5 acres and offers a variety of perennials, flowers, shrubs, and trees, with new arrivals every week. Their 10,000-square-foot showroom also features a diverse selection of furniture made from teak, aluminum, and all-weather materials. The center is open daily from 9 a.m. to 5 p.m. and can be found at 1040 Route 45, Pomona. For more information, visit www.dteliving.com or call 845-354-8500.

Sources:

  • Wolverton, B. C., NASA Clean Air Study.
  • Journal of Physiological Anthropology, Effects of Indoor Plants on Stress Levels.
  • Environmental Psychology, Office Plants and Productivity.
  • Royal Horticultural Society, Benefits of Indoor Plants.
  • National Gardening Association, Indoor Plant Trends Survey.

Continue Reading

Business

Real Estate Agent Joseph Chabot Joins Tuxedo Hudson Realty

Published

on

Joseph Chabot is an experienced and knowledgeable real estate salesperson who is committed to giving back to the community through public service. Before Transitioning to a career in real estate, Joseph has previously served as a consultant to various business startups, funds and nonprofit entities (NYS Governor’s Office of Storm Recovery, Coleman Hudson Group, Singita Capital Management and Hudson Valley Medical Consultants).

Tuxedo Hudson Realty, founded in 2015 by 1stdibs.com and Valley Rock Inn founder Michael Bruno, has recently transitioned leadership to a third-generation realtor with over 13 years of experience with the firm. This ensures the continuation of the brand’s commitment to exceptional client service.

As a full-service brokerage, Tuxedo Hudson Realty handles sales, purchases, and leases across all price ranges. “my focus will be on properties throughout Rockland County, Long Island, and The Hamptons. I’m confident that our team’s proven track record and dedication to quality will ensure a smooth and successful experience for you.” said Chabot.

Continue Reading

Trending