NY Governor weighs corporate tax hike to help fund Mamdani plans

CrainsNewYork.com (Real Estate) 11/14 6:40A Laura Nahmias , Nacha Cattan

(Bloomberg) --New York Governor Kathy Hochul is considering raising corporate taxes as part of broader efforts to close a potential budget shortfall and help fund some of Zohran Mamdani’s agenda as New York City mayor, according to a person with...

Starwood parts with South Bronx commercial condos for nearly $100M

CrainsNewYork.com (Real Estate) 11/14 6:36A Eddie Small

A Starwood Capital affiliate has sold the vast majority of a South Bronx property to an education nonprofit that plans to renovate the space for the building's current tenant Zeta Charter Schools, city records show. An affiliate of the Barry...

U.S. Open sues city to block concerts at planned Citi Field casino during tournament

CrainsNewYork.com (Real Estate) 11/13 11:33P C. J. Hughes

U.S. Open officials want to make sure that the casino planned for next-door Citi Field doesn’t serve up concerts during match times. Worried that shows at the Hard Rock-backed Metropolitan Park would clog the Flushing neighborhood with traffic,...

Doctors, nurses ask Mamdani’s City Hall to prioritize health care

CrainsNewYork.com (Real Estate) 11/13 11:33P Amanda D Ambrosio

Mayor-elect Zohran Mamdani did not focus on health care during his campaign, but a group that helped him get elected is pushing for City Hall to prioritize public health by opposing the closure of safety-net hospitals and expanding primary care...

Editorial: Mamdani’s picks signal a pragmatic shift

CrainsNewYork.com (Real Estate) 11/13 11:33P https://www.crainsnewyork.com/ed

Mayor-Elect Zohran Mamdani, well-known for his democratic socialist credentials, is making early moves that suggest a more pragmatic approach to governing than some may have expected. With the announcement of several key appointments Mamdani...

Chelsea seniors face eviction lawsuits as NYCHA pushes $2B housing project

CrainsNewYork.com (Real Estate) 11/12 11:33P Aaron Elstein

The New York City Housing Authority has sued at least nine senior citizens living in a Chelsea public housing complex, demanding they vacate their homes to make way for a $2 billion redevelopment. The seniors are charged with violating their...

Chetrit's felony case for tenant harassment highlights rent-stabilized tensions

CrainsNewYork.com (Real Estate) 11/12 11:33P Aaron Elstein

In 2000 real estate investor Meyer Chetrit and a partner bought Park West Village, an 850-apartment complex on the Upper West Side. The seller was Leona Helmsley, New York’s “Queen of Mean,” who famously said “Only the little people pay taxes”...

Trump aides review funds for New York City after Mamdani's win

CrainsNewYork.com (Real Estate) 11/11 11:48P Skylar Woodhouse, Bloomberg

Aides to President Donald Trump have spent the days following Zohran Mamdani’s victory in the New York City mayoral race reviewing federal funds that benefit the city to potentially suspend or cancel, a White House official said Tuesday,...

SNAP benefits may be resuming too late for recipients, food banks and grocers

CrainsNewYork.com (Real Estate) 11/11 11:33P Amanda D Ambrosio

City grocery stores and food banks are bracing for prolonged economic disruptions after the federal government froze food stamp payments for 1.8 million city residents this month, even as New York began releasing the funds. The state started...

Airbnb’s last stand: Company pushes rental rollback before Adams departs

CrainsNewYork.com (Real Estate) 11/11 11:33P Nick Garber

Airbnb has seven weeks to convince city leaders to roll back New York's strict short-term rental law — or the company may have to wait at least four years for another shot. The San Francisco-based company is lobbying hard for a bill that would...

Sweetgreen plunges to record low as pricey menu add-ons misfire

CrainsNewYork.com (Real Estate) 11/9 11:48P Redd Brown, Bloomberg

Sweetgreen declared that its ripple fries would “redefine fast food.” Made with hand-cut potatoes, salt, potato starch and parsley, they were air-fried in avocado oil and sold as “Fries You Can Feel Good About.” They lasted five months before...

Meet four notable leaders in health care technology

CrainsNewYork.com (Real Estate) 11/9 11:33P Crain s staff

Asa Abeliovich Chief executive officer and founder , Leal Therapeutics   Current scope of work: Asa Abeliovich , M.D., is founder and chief executive officer of Leal Therapeutics, a biotech company developing therapies for central nervous system...

City fire commissioner to quit over Mamdani's stance on Israel

CrainsNewYork.com (Real Estate) 11/5 8:49A Myles Miller, Bloomberg

New York City Fire Commissioner Robert Tucker will step down next month, becoming the first senior official to resign on the heels of Zohran Mamdani’s decisive win of the mayoralty Tuesday. In a letter to Mayor Eric Adams dated Nov. 5, Tucker said...

Business community wrestles with the reality of Mamdani as next NYC mayor

CrainsNewYork.com (Real Estate) 11/5 8:45A Caroline Spivack

New York City business leaders say they're bracing for Mayor-elect Zohran Mamdani to push for higher taxes and a rent freeze — but they're betting state lawmakers and fiscal challenges will keep his democratic socialist agenda in check. In...

Mamdani forms transition team led by Maria Torres-Springer, Lina Khan

CrainsNewYork.com (Real Estate) 11/5 6:11A Nick Garber, Julianne Cuba

Mayor-elect Zohran Mamdani announced a transition team on Wednesday to form his new administration, led by respected city government veterans and one prominent progressive who is less than beloved by the business establishment. Mamdani’s...