Weisz, president and CEO of the RPW Group of White Plains, disagrees with some analysts who say that the current commercial real estate investment market in Westchester has never been better. Weisz, whose firm owns more than 1.25 million sf of office space in Westchester and Fairfield counties, noted that stabilized class A office buildings in the New York suburbs are selling on average in the $150-per-sf range. He said that earlier this year, his firm paid $160 per sf to buy 2975 Westchester Ave. from Ivy Equities.

However, he said the high water mark for commercial office investment in Westchester County occurred in 1986 when MetLife paid approximately $170 per sf for the White Plains Plaza office complex. Prior to its being pulled from the market earlier this year, Weisz revealed his firm bid $75 per sf to acquire the White Plains Plaza property.

Weisz said that Westchester County has outperformed many of its neighboring markets in the past few years. He noted that low interest rates and the turbulent economy have fueled investment sales here and across the nation. His firm alone in the past two years has spent $60 million in new investment deals in Westchester County.