Inspectors for Con Edison face fraud charges after nine-year pipeline safety scheme

CrainsNewYork.com (Real Estate) 8/29 8:20A Caroline Spivack

Federal prosecutors in Manhattan are accusing two inspectors of faking hundreds of safety checks for Con Edison natural gas pipelines in New York City and Westchester County meant to prevent gas leaks and explosions, according to the U.S....

New York prepares for a record-breaking Labor Day travel weekend

CrainsNewYork.com (Real Estate) 8/28 10:23A Caroline Spivack

If you’re traveling for the Labor Day weekend, brace yourself for the crush of more than 6.6 million people expected to pass through the region’s airports, bridges and tunnels from Thursday through Tuesday.  Airport operator the Port Authority of...

Business lobby puts up money to boost pro-housing ballot measures

CrainsNewYork.com (Real Estate) 8/28 8:45A Nick Garber

Most city voters are probably unaware of the four questions that will appear on their November general election ballots that could reshape the way housing gets approved in New York. Business and pro-housing groups that want the ballot measures to...

Op-ed: New York can and should provide free child care for working families

CrainsNewYork.com (Real Estate) 8/28 6:03A Grace Rauh

The results of New York City’s Democratic primary for mayor sent shockwaves across the five boroughs, the American Democratic establishment, and the world. Zohran Mamdani, the 33-year-old Democratic Socialist State Assemblymember ran away with...

Developers optimistic over new partnership opportunity to upgrade NYCHA’s portfolio

CrainsNewYork.com (Real Estate) 8/28 12:33A Eddie Small

When the city's public housing agency recently announced it would seek to partner with private developers on its latest effort to address New York's housing crisis, Matt Rooney had two main thoughts: Great idea, and how will it work? "It's just...

RPA accepted at least $850K from Amtrak as part of its Hudson Tunnel advocacy

CrainsNewYork.com (Real Estate) 8/27 12:48A Caroline Spivack

The well-respected policy think tank, the Regional Plan Association, has received at least $850,000 in grants from Amtrak over three years to support RPA’s advocacy for the railway's $16 billion project to link New York and New Jersey with a new...

Aetna's drug payment shift imperils New York infusion centers, expert says

CrainsNewYork.com (Real Estate) 8/27 12:33A Amanda D Ambrosio

A new drug coverage policy implemented by insurance giant Aetna is threatening revenue losses to local infusion centers, industry experts say. Aetna, which is headquartered in Hartford, Connecticut and provides coverage to roughly 1.8 million...

Op-ed: The unsung engine powering NYC’s healthcare

CrainsNewYork.com (Real Estate) 8/27 12:33A Ayesha George

New York City’s economy has become more resilient through diversification of business sectors. While finance remains a cornerstone, the city’s growth has increasingly relied on other booming sectors such as technology, life sciences, green energy...

Op-ed: Why transportation should be an issue in mayoral election

CrainsNewYork.com (Real Estate) 8/26 6:03A Mike Flynn

Transportation doesn’t typically rise to the top of voters’ priority issues. Most only think about it when it impacts their daily life, like during 2017’s transit crisis “summer of hell.” But scratch below the surface and transportation affects...

Venture capital funding to New York’s life sciences sector soared in the last decade, report finds

CrainsNewYork.com (Real Estate) 8/26 12:33A Amanda D Ambrosio

Venture capital investors have poured money into New York’s life sciences industry in the last decade. Life sciences companies in New York raised $2.4 billion from venture capital firms last year, up from $311 million in 2014, according to a new...

City’s public hospitals slash nurse turnover, saving $150M on costly temps

CrainsNewYork.com (Real Estate) 8/25 12:33A Ethan Geringer-Sameth

The city’s public hospitals are retaining more nurses after years of high turnover that cost the system millions, according to new figures from the health system. The turnover rate, the portion of the nurses who leave and must be replaced, fell...

Members-only Core Club sues landlord Shvo claiming 'shockingly poor' Fifth Avenue space

CrainsNewYork.com (Real Estate) 8/22 7:27A Aaron Elstein, Eddie Small

The posh members-only Core Club atop 711 Fifth Ave. might not be so posh after all. For that, the club blames landlord Michael Shvo. Hot water routinely has gone cold in the club’s guest rooms, and toilets repeatedly clogged after each flush,...

Subway delays caused by sick passengers on the rise

CrainsNewYork.com (Real Estate) 8/19 12:33A Caroline Spivack, Amanda Glodows

Regular subway commuters are familiar with the announcement: “The train is delayed due to a sick passenger.”  In a system with 472 stations traveled by more than 4 million riders per day, some New Yorkers are bound to fall ill. Sometimes sick...

Eric Adams donor gets probation as mayor targets reelection

CrainsNewYork.com (Real Estate) 8/15 9:17A Bob Van Voris, Bloomberg

A Turkish-born businessman tied to the dismissed criminal case against Mayor Eric Adams was sentenced to probation after pleading guilty to an illegal campaign contribution charge. Erden Arkan, 76, pleaded guilty in January to conspiracy to...

JPMorgan, GoldenTree fund purchase of Fifth Avenue tower

CrainsNewYork.com (Real Estate) 8/15 7:06A Natalie Wong, Bloomberg

JPMorgan Chase and GoldenTree Asset Management loaned $675 million to real estate developer Naftali Group for its purchase of a luxury Manhattan apartment building, according to people with the knowledge of the matter. The financing helped...