Turnbridge Equities signs sizable lease with bus company in Gravesend

CrainsNewYork.com (Real Estate) 6/30 12:33A Julianne Cuba

Manhattan-based developer Turnbridge Equities has inked a long-term lease with one of the largest transportation companies in the country to take over what's now a massive vacant lot in southern Brooklyn, the real estate firm announced Friday....

Mamdani’s win shows how much tide has turned toward tenants

CrainsNewYork.com (Real Estate) 6/30 12:33A C. J. Hughes

Many landlords make no secret of their disdain for the pro-renter reforms enacted in the past few years. But among affordable-housing advocates, local leaders and the general public, laws focused on curbing housing costs seem more popular than...

Extreme heat complicates homeless outreach

CrainsNewYork.com (Real Estate) 6/30 12:33A Ethan Geringer-Sameth

With temperatures rising over 100 degrees last week, heat-related illness among the city’s street homeless became a serious concern for outreach workers toiling under the same conditions. People living unsheltered are at particular risk of...

Op-ed: A rare lease cycle convergence will reshape New York's real estate market

CrainsNewYork.com (Real Estate) 6/27 7:03A Erin Saven

Crain’s New York Business recently reported that leasing rates in April fell 26% from the previous month, while the overall office vacancy rate dropped to its lowest level since February 2021. Don’t let one quiet month distract from the bigger...

Editorial: Congestion pricing is good news all around — if we can keep it

CrainsNewYork.com (Real Estate) 6/27 12:48A https://www.crainsnewyork.com/ed

Every new report on New York City’s congestion pricing program seems to tell the same story: It’s working. And the latest analysis from the Regional Plan Association shows it’s working even better than expected — not just for Manhattan, but for...

Op-ed: The city’s rushed plan for the Brooklyn Marine Terminal is setting up the community for...

CrainsNewYork.com (Real Estate) 6/26 8:03A Beth Bingham, Juan J. Rivero, Pr

Jobs, neighborhood stability, climate adaptation and economic resilience— these are the stakes in the redevelopment of the Brooklyn Marine Terminal, a 122-acre, publicly-owned stretch of working waterfront in Red Hook. But you would not suspect...

Meet three more Notable Leaders in Philanthropy

CrainsNewYork.com (Real Estate) 6/25 12:33A Crain s staff

Crain's honored 62 individuals who are core to the city's philanthropic efforts. In their various roles — executives and board members, directors and founders — the people presented in our 2025 list of Notable Leaders in Philanthropy are toiling...

NYC heat triggers blackout as soaring temperatures stress U.S. grids

CrainsNewYork.com (Real Estate) 6/24 5:41A Tope Alake and Naureen S. Malik,

Blistering heat is straining power grids across the eastern half of the US, leading to a blackout in part of New York City’s borough of Queens as the local utility issued a warning to conserve electricity.  Consolidated Edison Inc. is working to...

On Politics: Five keys to Tuesday’s mayoral primary

CrainsNewYork.com (Real Estate) 6/23 9:03A Ross Barkan

Polls show a tightening race in the climactic June 24 Democratic primary election for mayor. Here are the biggest dynamics shaping the remaining hours of the race — and things to watch for on Tuesday. 1. Turnout What will Election Day turnout...

New York state plans to build new nuclear power plant

CrainsNewYork.com (Real Estate) 6/23 7:05A Laura Nahmias and Will Wade, Blo

New York plans to build a nuclear-power facility, the first major new plant undertaken in the US in more than 15 years. The state is talking to Constellation Energy Corp., the biggest US nuclear operator, about potentially building a new reactor...

Group linked to boxer Mayweather and celebrity jeweler buys Midtown diamond exchange

CrainsNewYork.com (Real Estate) 6/20 11:18A C. J. Hughes

An entity linked to a boxer has purchased a Midtown diamond exchange from a seller with ties to a trumpeter. Shell company Jewelry Tower LLC, which includes celebrity jeweler Avi Davidov and also reportedly boxer-turned-real-estate investor Floyd...

City hits pause on Medicare Advantage switch, for now

CrainsNewYork.com (Real Estate) 6/20 9:12A Ethan Geringer-Sameth

The city will hold off on moving retired municipal workers to private Medicare Advantage plans despite getting the go-ahead from the courts to do so. Mayor Eric Adams announced the decision Friday afternoon citing concerns from retirees and a...

Mamdani seeks higher spending limit, calling Cuomo’s $25M PAC an unfair advantage

CrainsNewYork.com (Real Estate) 6/20 8:18A Nick Garber

Zohran Mamdani asked the city’s campaign finance regulator Friday to raise the strict $7.9 million spending limit in the mayoral primary, arguing that front-runner Andrew Cuomo has gained an unfair advantage thanks to the outside super PAC that...

Op-ed: NYC's natural areas protect our neighborhoods - right now, they're at risk

CrainsNewYork.com (Real Estate) 6/20 7:03A Sarah Charlop-Powers , Alia Soom

Many hear “New York City” and picture buildings, glass and pavement. So it may come as a surprise that over 40% of our city is green, with natural areas making up over a third of that  – equivalent to the area spanning from the southern tip of...

At a Glance: June 20

CrainsNewYork.com (Real Estate) 6/20 12:33A Ethan Geringer-Sameth

CORWIN’S FARM: Ducks are returning to Crescent Duck Farm months after the Long Island farm’s flock was eradicated following a positive bird flu test . The farm and its 100,000 exterminated ducks became a high-profile example of the risks of bird...