Flushing nursing home sells for $75 million

CrainsNewYork.com (Real Estate) 3/5 11:33P Julian Nazar

A 280-bed nursing home in Flushing has traded hands for $75 million.   Excelsior Group,  a network of rehabilitation and elder care services in New York and New Jersey, purchased Union Plaza Care Center last week, according to city records. The...

H+H outpatient psychiatric visits increase after post-pandemic investment

CrainsNewYork.com (Real Estate) 3/4 11:33P Ethan Geringer-Sameth

The number of outpatient behavioral health visits at New York City Health and Hospitals rose in 2025 as the public hospital system shifted its post-pandemic focus from maximizing bed space to community-based services. New York City Health +...

Investors value Manhattan office real estate for less than they did in 2020 amid AI anxiety

CrainsNewYork.com (Real Estate) 3/4 11:33P Aaron Elstein

No New Yorker wants to revisit the summer of 2020. But according to the stock market, that frightening time is back, at least for the office sector. Investors value the owner of the Empire State Building and the city’s two largest commercial...

NYC congestion pricing program can continue, U.S. judge rules

CrainsNewYork.com (Real Estate) 3/3 6:45A Chris Dolmetsch, Bloomberg

New York City’s congestion pricing program can continue after a federal judge ruled that the Trump administration’s attempts to terminate it were unlawful. U.S. District Judge Lewis Liman found Tuesday that U.S. Transportation Secretary Sean...

Supreme Court preserves NY GOP-held congressional district

CrainsNewYork.com (Real Estate) 3/3 3:32A Greg Stohr, Bloomberg

A sharply divided U.S. Supreme Court halted the redrawing of a Republican-held congressional district in New York City in a decision likely to keep the seat safely in GOP hands in the November election. Over dissents from the court’s three...

Maimonides could gain $9M monthly once H+H deal closes, exec says

CrainsNewYork.com (Real Estate) 3/2 11:33P Amanda D Ambrosio

Maimonides Health could get an immediate financial boost as early as next month if its merger with New York City Health + Hospitals clears regulatory hurdles, H+H CEO Mitchell Katz said Monday. The Borough Park safety-net hospital system could...

New health chief vows to make city living more affordable

CrainsNewYork.com (Real Estate) 3/2 7:54A Jessica Nix, Bloomberg

New York City’s health department is largely known for the letter grades it puts in restaurant windows after food-safety inspections. Its new commissioner is determined to change that. Emergency room physician Alister Martin is taking charge of...

City health officials expand pregnancy, childhood services with $20M investment

CrainsNewYork.com (Real Estate) 3/1 11:33P Amanda D Ambrosio

The Department of Health and Mental Hygiene will receive $20 million in city funds over the next three years to expand pregnancy services and early childhood health programs, Mayor Zohran Mamdani said Friday. The goal is to provide early support...

H+H opens new oncology center in Coney Island that could double patient volume

CrainsNewYork.com (Real Estate) 3/1 11:33P Amanda D Ambrosio

New York City Health + Hospitals opened a new oncology and infusion center at its Coney Island hospital on Friday, a facility expected to double patient volume amid rising demand for cancer care. The new cancer center at South Brooklyn Health...

Business leaders give Mamdani good grades for winter response

CrainsNewYork.com (Real Estate) 2/25 11:33P Ethan Geringer-Sameth

Harsh winter weather has proven to be an Achilles’ heel for many new mayors, cutting through the ideological thrust of their hustings with an early test of managerial chops. Mayors Michael Bloomberg and Bill de Blasio were not spared that fate,...

The new snowstorm playbook for New York businesses

CrainsNewYork.com (Real Estate) 2/25 11:33P Jack Grieve

The mantra was simple: "If the markets are open, we're open." Not anymore. The New York Stock Exchange operated as normal on Monday despite a blizzard blanketing Manhattan with 20 inches of snow and a citywide ban on rush-hour traffic. However,...

Montefiore seeks major expansion with 20-story medical tower

CrainsNewYork.com (Real Estate) 2/25 11:33P Amanda D Ambrosio

Montefiore Health System is moving forward with plans to build a 20-story medical pavilion on its Morris Park campus, proposing a significant expansion of its Bronx footprint, city filings show. The health system submitted an application to the...

Hochul's budget director talks Mamdani tax proposals, state funding for New York City

CrainsNewYork.com (Real Estate) 2/25 7:41A Jack Grieve

New York State Budget Director Blake G. Washington came down to Manhattan Wednesday morning for an open discussion on the state's fiscal outlook with Andrew Rein, president of the Citizens Budget Commission. During their conversation, he offered...

Op-ed: New York can ignite global sustainability innovation

CrainsNewYork.com (Real Estate) 2/25 5:03A Steven Cohen

In his post-election victory speech, Mayor-elect Zohran Mamdani proclaimed that in these politically dark times, “New York will be the light.” It’s up to us to make sure that the light is sustainable. While globally the drive toward climate...

Op-ed: Mamdani should scale affordable housing services to help the homeless

CrainsNewYork.com (Real Estate) 2/24 5:03A Jody Rudin, Rick Gropper

No single policy will solve New York City’s homelessness crisis on its own, but a little-known program with tremendous potential offers one of the most effective paths from shelter to permanent housing. Affordable Housing Services is a proven...