Real Estate
 

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...

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...

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...

Chelsea public housing project advances as judge rejects legal challenge

CrainsNewYork.com (Real Estate) 1/22 7:37A Aaron Elstein
The New York City Housing Authority’s plan for a private developer to raze and rebuild a Chelsea public housing complex cleared a hurdle after a judge denied a former state lawmaker’s request to block the project. Judge David Cohen ruled former...

Op-Ed: Expanding EV charging is a climate justice imperative

CrainsNewYork.com (Real Estate) 1/22 5:03A Jeffrey Prosserman
Dear Mayor Mamdani, How New Yorkers move shapes the air we breathe and the health of our communities. You have spoken about improving transit equity, including your commitment to making city buses free. You have also outlined a climate-justice...
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