Top New York hotels aim to double rates for World Cup

CrainsNewYork.com (Real Estate) 2/2 6:59A Aaron Elstein

The World Cup is four months away, but one group of excited fans is already preparing a victory dance: New York’s hoteliers.  Average rates at top Manhattan hotels are expected to double during the tournament, according to a new report from Bank...

MTA unveils $12B push to replace aging trains, buses

CrainsNewYork.com (Real Estate) 2/2 5:25A Michelle Kaske, Bloomberg

New York City’s transit system, the largest in the U.S., is creating a new unit to steer a $12 billion effort to replace decades-old trains and modernize its bus fleet.  Jessie Lazarus, who led the Metropolitan Transportation Authority’s shift...

City reiterates hospital shelter guidance after 10 died during cold weather emergency

CrainsNewYork.com (Real Estate) 1/29 11:33P Amanda D Ambrosio

The city urged local hospitals this week to allow homeless New Yorkers to seek refuge in their facilities during freezing temperatures, reiterating longstanding guidance after 10 people died outdoors during the cold weather emergency. The...

Hotelier loses two Midtown sites after pandemic and legal struggles

CrainsNewYork.com (Real Estate) 1/28 11:33P C. J. Hughes

An Indian-American investor has lost two Midtown hotels-turned-shelters following troubles with Covid travel restrictions, infighting among the owners and lawsuits from lenders. The two properties are 59 W. 46th St., known as the Hotel at Times...

Trump’s Penn Station revamp heads for funding fight with states

CrainsNewYork.com (Real Estate) 1/28 11:33P Michelle Kaske, Bloomberg

Amtrak, which the Trump administration put in charge of overhauling Manhattan’s Penn Station, will ask New Jersey and New York to help finance the renovation of North America’s busiest train depot. When the administration  took over  the project...

State kicks off $1.7B renovation of aging public health laboratory

CrainsNewYork.com (Real Estate) 1/27 7:42A Amanda D Ambrosio

​New York has kicked off a $1.7 billion renovation of the state's aging public health laboratory in Albany, Gov. Kathy Hochul said Monday, as the state works to bolster its infectious disease surveillance capabilities while the federal government...

Op-ed: First time homebuyers must be part of the solution to the housing crisis

CrainsNewYork.com (Real Estate) 1/27 5:03A Jamie A. Smarr

The housing crisis profoundly impacting New York City results from a combination of problems — demand for homes in the five boroughs far outpacing supply, government regulations focused on controlling rents instead of promoting new home building,...

Gateway Tunnel work to stop next week if White House holds funding

CrainsNewYork.com (Real Estate) 1/27 4:18A Michelle Kaske, Bloomberg

Construction on a new $16 billion rail tunnel project connecting New Jersey and Manhattan will stop as soon as next week unless the federal government unlocks funds tied to the development. Work on the massive infrastructure project under the...

H+H expands physician training with 75 new residency positions

CrainsNewYork.com (Real Estate) 1/26 11:33P Amanda D Ambrosio

New York City Health + Hospitals is adding 75 resident physician jobs, a move the health system says will ramp up workforce development and improve access to care in areas with staffing shortages. The public hospital system is expanding its...

On Politics: The unwritten rule of politics that Mamdani faces with 11 inches of snow

CrainsNewYork.com (Real Estate) 1/26 6:58A Ross Barkan

There’s little that bedevils a New York City mayor quite like a snowstorm. John Lindsay, running for re-election in 1969, could not get Queens properly plowed, and 42 people across the city would end up dead. Neither Michael Bloomberg nor Bill de...

DiNapoli says universal childcare in New York City could cost up to $8B

CrainsNewYork.com (Real Estate) 1/25 11:33P Ethan Geringer-Sameth

A universal childcare program like the one proposed by Mayor Zohran Mamdani could cost between $2.7 billion and $8.2 billion annually when fully implemented at the city’s current rates, according to a new report from state Comptroller Thomas...

Winter storm triggers most flight cancellations since Covid

CrainsNewYork.com (Real Estate) 1/25 6:03A Sri Taylor, Bloomberg

A massive winter storm sweeping across the U.S. triggered what is shaping up to be one of the worst air travel meltdowns since the Covid-19 pandemic, forcing some major airlines to cancel more than half of their scheduled flights. More than...

Op-ed: New York's future depends on the politics of collaboration

CrainsNewYork.com (Real Estate) 1/22 9:03A Eric Eve

The unusually cooperative meeting between Mayor Zohran Mamdani and President Donald Trump late last year sent an unmistakable signal to New York’s business community: affordability is now the central economic battleground for all levels of...

New York City bans hidden hotel fees ahead of World Cup tourist influx

CrainsNewYork.com (Real Estate) 1/22 8:22A Myles Miller, Bloomberg

New York City is banning hidden hotel fees as a way to lower costs for visitors as the city prepares for an influx of tourists during the World Cup. The  new rule , adopted by the Department of Consumer and Worker Protection, bars hotels from...

NYC braces for winter storm to bring nearly a foot of snow

CrainsNewYork.com (Real Estate) 1/22 8:18A Charlie Wells and Paulina Cacher

New York City is poised to get pummeled with nearly a foot of snow this weekend, a test for new Mayor Zohran Mamdani, as a massive weather system lands on the region threatening power outages, airline delays and transit system problems. New...