Wilf family pays $19.2M to Brodsky Organization for Upper East Side development air rights

CrainsNewYork.com (Real Estate) 3/11 8:12A Julianne Cuba

The low-profile but prolific real estate family behind Skyline Developers has snatched up more than $19 million worth of air rights to add to its Upper East Side project, records show. Orin Wilf, who founded the Midtown-based real estate firm in...

Upscale French-Vietnamese restaurant Le Colonial set to return to New York

CrainsNewYork.com (Real Estate) 3/11 7:37A Julian Nazar

Le Colonial is coming back to New York City. The upscale French-Vietnamese restaurant closed its Midtown East location in December 2019 after a 26-year run. Now Le Colonial is set to open at 50 W. 57th St. in Midtown in the summer of 2027,...

New York’s Maman bakery set to open 25th city location in Dumbo

CrainsNewYork.com (Real Estate) 3/11 12:33A Julian Nazar

Maman is coming to Dumbo. The New York City-based bakery plans to open in a 6,600-square-foot space at 66 Water St. during the second quarter, according to a news release. Seafood restaurant Seamore's previously occupied the space. This will be...

Legislature’s budget proposals leave health insurance gaps, watchdogs say

CrainsNewYork.com (Real Estate) 3/11 12:33A Ethan Geringer-Sameth

The state Senate and Assembly’s responses to the governor’s executive budget do not address the expected loss of health insurance coverage for hundreds of thousands of New Yorkers over the next year, budget watchdogs say. The chamber’s so-called...

Op-ed: You can’t deliver economic justice without employers at the table

CrainsNewYork.com (Real Estate) 3/10 6:03A Gregory J. Morris, Kathy Wylde

Business leaders and nonprofit service providers have greeted the first weeks of Mayor Zohran Mamdani’s administration with cautious optimism, based on key appointments and a relatively smooth transition in management of essential city services....

Gracie Mansion attack being investigated as potentially ISIS inspired

CrainsNewYork.com (Real Estate) 3/9 5:20A Jack Grieve

Authorities are investigating the explosive device attack at Gracie Mansion on Saturday as a possible act of terrorism motivated by ISIS, New York City Police Commissioner Jessica Tisch said at a press conference Monday. Police found two...

Pressure is mounting on Hochul to raise income and business taxes

CrainsNewYork.com (Real Estate) 3/9 12:33A Jack Grieve

Lawmakers in Albany plan to present Gov. Kathy Hochul with counterbudget proposals that include tax increases on top earners. Details are still being discussed, but the Senate and Assembly are both expected this week to propose income tax...

Six arrested after explosive devices tossed near Mamdani’s home

CrainsNewYork.com (Real Estate) 3/8 6:54A Myles Miller, Bloomberg

Authorities arrested six people connected to unrest during an anti-Muslim protest outside the residence of New York Mayor Zohran Mamdani that prompted a bomb-squad response and a terrorism investigation. New York City Police Commissioner Jessica...

Flushing nursing home sells for $75 million

CrainsNewYork.com (Real Estate) 3/6 12:33A 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) 3/5 12:33A 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) 3/5 12:33A 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 7:45A 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 4:32A 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) 3/3 12:33A 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 8:54A 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...