Real Estate
 

NYC faces soggy Tuesday as heavy snow pushes Northeast

CrainsNewYork.com (Real Estate) 12/2 5:46A Brian K. Sullivan and Lauren Ros
New York City will be soggy Tuesday as a fast-moving winter storm brings heavy snow north and east of the city, raising the risk of airline delays and snarling ground traffic across the interior Northeast.  Rains are likely to arrive in New York...

Op-ed: The best way for Mamdani to lift workers' incomes

CrainsNewYork.com (Real Estate) 12/2 5:03A Kenneth Adams
During his campaign, mayor-elect Zohran Mamdani made a compelling case for the need to address New York City’s affordability crisis. Now it’s time to turn campaign promises into policy solutions.  Proposals to make things cheaper, or free, like...

Comptroller’s audit finds interpreter failures at Health and Hospitals

CrainsNewYork.com (Real Estate) 12/1 11:33P Ethan Geringer-Sameth
The state comptroller's office called for reforms to Health + Hospitals' interpretation services after an audit found widespread failures in the system. An audit of the hospital’s language access program found gaps across the service: faulty call...

Japanese firm buys site of new luxury low-rise by Empire State Building

CrainsNewYork.com (Real Estate) 12/1 11:33P C. J. Hughes
Another Japanese firm has snapped up some Manhattan real estate. In a trend echoing the 1980s, and one that has intensified post-pandemic , an affiliate of Tokyo-based Jinushi Co. has acquired the land beneath 273 Fifth Ave., a new five-story...

Casino board raises red flags over winners' tax promises and borrowed money

CrainsNewYork.com (Real Estate) 12/1 11:33P Nick Garber
The state board that picked the winners of New York City’s casino sweepstakes had glowing words for the three projects they chose. But the panel also faulted the applicants for exaggerating their likely tax payments, promising amenities they...

Maimonides Health falls back into deficit despite $180M in aid

CrainsNewYork.com (Real Estate) 12/1 11:33P Amanda D Ambrosio
Maimonides Health fell back into the red in recent months despite getting more than $180 million in government aid, new health system filings show. The Borough Park hospital network lost $15 million during the first three quarters of the year,...

All 3 New York City casinos win licenses after yearslong battle

CrainsNewYork.com (Real Estate) 12/1 4:22A Nick Garber
The state will give casino licenses to all three of the remaining New York City proposals, officials announced Monday — ending a years-long saga and paving the way for multibillion-dollar gambling facilities to be built next to Citi Field, in the...

Montefiore opens new $16M child psychiatric center

CrainsNewYork.com (Real Estate) 11/30 11:33P Ethan Geringer-Sameth
Montefiore Medical Center opened a new state-funded psychiatric center for children, part of a long-term effort to add psychiatric beds after hospitals closed wards during the height of the pandemic. The 21-bed, 18,300 square-foot facility on the...

City Council rejects Mayor Adams’ Board of Health picks

CrainsNewYork.com (Real Estate) 11/25 11:33P Ethan Geringer-Sameth
The New York City Council rejected two of Mayor Eric Adams’ appointees to the city Board of Health after three others withdrew their applications in the final weeks of his term. The Council on Tuesday voted against the appointment of former...

Mamdani’s new transition members span from REBNY to DSA

CrainsNewYork.com (Real Estate) 11/24 9:49A Nick Garber
Labor leaders, real estate developers, tenant activists and city government veterans are among the hundreds of people that will advise Zohran Mamdani’s transition to City Hall, help with hiring and guide his administration on policy, the...

Elizabeth Street Garden developers sue city over ‘unlawful’ parkland move

CrainsNewYork.com (Real Estate) 11/19 5:39A Nick Garber
The developers behind the scuttled affordable housing project on the site of the Elizabeth Street Garden sued Mayor Eric Adams’ administration on Wednesday over his move to designate the lot as parkland. The suit marks the latest chapter in the...
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