Developer scoops up Gowanus site for $19M

CrainsNewYork.com (Real Estate) 2/5 7:34A Julian Nazar

Real estate executive Zelig Weiss has purchased a development site in Brooklyn's red-hot Gowanus neighborhood for $19 million, according to sources familiar with the matter. Weiss intends to build a six-story, approximately 95,200-square-foot...

Mamdani backs Hochul’s reelection bid

CrainsNewYork.com (Real Estate) 2/5 5:23A Nacha Cattan and Laura Nahmias,

New York City Mayor Zohran Mamdani has backed the state’s governor, Kathy Hochul, in her reelection bid, a key endorsement from one of the most influential progressive voices in the nation.  Mamdani  made the announcement  in a column in The...

Op-ed: Layoffs have become routine. New York employers can lead better.

CrainsNewYork.com (Real Estate) 2/5 5:03A Amy Bloustine

New York City is no stranger to economic cycles, but the wave of layoffs hitting workers in 2026 seems different — deeper, broader and more destabilizing. Already this January, major employers announced cuts of staggering scale: Dow is...

New York’s pension funds scrutinize Palantir over ICE contract

CrainsNewYork.com (Real Estate) 2/5 4:23A Laura Nahmias and Nacha Cattan,

New York’s pension funds are questioning Palantir Technologies Inc., a software company, over its business dealings with U.S. Immigration and Customs Enforcement and the Department of Homeland Security.  Both the city and state pension funds are...

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...