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...

City's only Republican seat must be redrawn, helping Democrats

CrainsNewYork.com (Real Estate) 1/22 3:49A Laura Nahmias and Nacha Cattan,

A judge ruled that a New York congressional district must be redrawn, giving Democrats an opportunity to pick up another seat in Congress ahead of November's hotly-contested midterm elections. New York's 11th Congressional District, which is held...

Hochul proposes $260 billion budget — with no hike to 'tax the rich'

CrainsNewYork.com (Real Estate) 1/20 8:16A Jack Grieve

Gov. Kathy Hochul is proposing a $260 billion state budget that relies on higher-than-expected Wall Street revenues to increase spending on health care and education without raising taxes. The $260 billion figure is up from $254 billion last year,...

On Politics: Hochul might be NYC transit's best ally in a century

CrainsNewYork.com (Real Estate) 1/20 8:12A Ross Barkan

Kathy Hochul’s tenure as governor has not always been smooth. Her approval ratings, at times, have been middling, and she barely survived a re-election challenge from a Trump Republican. Yet it’s becoming clear, more than four years after she...

Mamdani revives contested Bronx housing project for former detainees

CrainsNewYork.com (Real Estate) 1/20 7:30A Amanda D Ambrosio

Mayor Zohran Mamdani is reviving a long-contested Bronx housing development for formerly incarcerated individuals, reversing his predecessor’s attempts to derail the project. Mamdani said Monday that he will “reactivate” Just Home, an 83-unit...

Japanese investor buys flagship Birkenstock SoHo store for $18.5M

CrainsNewYork.com (Real Estate) 1/20 6:48A Eddie Small

Another Japanese buyer has scooped up a Manhattan property in the latest sign of the country's renewed interest in New York real estate. An "ultra-high-net-worth private investor from Japan" has purchased 120 Spring St. in SoHo for $18.5 million...

Letter to the editor: Crain's reporting mischaracterizes Chelsea houses financing

CrainsNewYork.com (Real Estate) 1/14 5:03A Jessica Katz

The recent article on the Chelsea NYCHA redevelopment gets the economics wrong and mischaracterizes the actual risk for public housing residents [" New public housing in Chelsea to cost $1.2M per apartment ," Dec. 10]. The $1.2 million-per-unit...

Less red tape, more child care money and the same tax rates: 3 takeaways from Gov. Kathy Hochul’s...

CrainsNewYork.com (Real Estate) 1/13 11:33P C. J. Hughes, Ethan Geringer-Sam

When it comes to the city’s business community, Gov. Kathy Hochul seemed to channel her inner Goldilocks Tuesday in her State of the State address. Her wish list of policies promises not to be too tough on real estate investors and high earners....

Kathy Wylde’s exit interview: her career, her successor and why she voted for Mamdani

CrainsNewYork.com (Real Estate) 1/11 11:33P Nick Garber

For a quarter century, any politician pushing to restrain or regulate New York City’s big businesses could count on receiving a call from Kathryn Wylde. Executives looking to influence local government have called on her for advice. After Friday,...

Four safety-net hospitals reach labor deals with nurses, but strike threat remains

CrainsNewYork.com (Real Estate) 1/8 9:16A Amanda D Ambrosio

Four safety-net hospitals in Brooklyn and Queens reached tentative labor deals with the nurses’ union late Wednesday on staffing and workplace protections — but the nurses’ wage increases remain contingent on negotiations with major academic...