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State bets on Medicaid payment shift to fund city public hospitals

CrainsNewYork.com (Hospitality and Tourism) 5/8 12:51P Amanda D Ambrosio
State officials are pursuing a new strategy to funnel millions of Medicaid dollars into the city’s public hospital system that relies on federal approval as U.S. lawmakers contemplate vast cuts to the program. New York City Health + Hospitals...

Three more children infected with measles in New York

CrainsNewYork.com (Hospitality and Tourism) 5/8 12:37P Ethan Geringer-Sameth
Three more children have been infected with measles in New York as case numbers rise nationally and across the globe. The state Department of Health confirmed the infections, all three of which were in children under five years old living in...

City warns of 17% drop in foreign tourists due to Trump policies

CrainsNewYork.com (Hospitality and Tourism) 5/8 11:24A Laura Nahmias, Bloomberg
New York City officials cut their forecast for the number of international tourists this year by 17%, saying President Donald Trump’s tariffs and hard-line policies on immigration are deterring visitors. The city now estimates it will welcome...

State budget pairs long-sought housing vouchers with condo conversion relief

CrainsNewYork.com (Hospitality and Tourism) 5/8 10:48A Nick Garber
A $50 million aid program for low-income renters, pushed for years by both tenants and landlords, is finally included in this year’s state budget — albeit in a shrunken and temporary form. As part of the deal, the real estate industry won a...

Work from home is over, BlackRock tells senior staff

CrainsNewYork.com (Media & Entertainment) 5/8 7:24A Aaron Elstein
BlackRock is telling managing directors to return to the office five days a week, joining the ranks of big companies saying the era of work from home must end.  BlackRock manages $10.5 trillion in client assets and employs about 4,000 New Yorkers...

Op-ed: To safeguard NYC’s health, protect CUNY’s research

CrainsNewYork.com (Media & Entertainment) 5/8 7:03A Nicholas Freudenberg
For the past forty years, I have taught health students at City University of New York and conducted research on New York’s health problems. Over this time, CUNY has faced recurrent threats to its role as the largest educator of the city’s health...

Our newest list ranks New York's largest commercial real estate brokerages

CrainsNewYork.com (Media & Entertainment) 5/8 5:10A Jack Grieve
New York is home to the busiest commercial real estate market in the world, so it's no surprise that some big names in the business topped Crain's new list of the largest local brokerages. In the inaugural edition of the rankings — based on the...

Historic Washington Heights church to close in June after more than a century

CrainsNewYork.com (Media & Entertainment) 5/7 11:39A C. J. Hughes
An outpost of New York City’s oldest church is calling it quits. Fort Washington Collegiate Church, one of four sites belonging to a Dutch Reformed congregation dating back to 1628, will close its Washington Heights location on West 181st Street...

Big affordable-housing portfolio faces financial reckoning

CrainsNewYork.com (Media & Entertainment) 5/7 8:57A Aaron Elstein
Ten years ago, developer A&E Real Estate bet big on affordable housing in New York. Over a two-year period the Midtown-based firm acquired 3,500 apartments across the city for nearly $800 million and invested another $130 million fixing up the...

Northwell completes merger with Nuvance Health

CrainsNewYork.com (Hospitality and Tourism) 5/7 12:33A Amanda D Ambrosio
Northwell Health has completed its merger with financially distressed hospital system Nuvance Health, becoming the northeast region’s largest nonprofit health provider, it said Wednesday. The New Hyde Park-based health system took over Nuvance’s...

Vornado forecasts sharp increase in office occupancy

CrainsNewYork.com (Hospitality and Tourism) 5/6 9:18A Aaron Elstein
Vornado Realty Trust predicted its office towers will be as crowded as before the pandemic in “a couple of years” – a bold prediction for the developer that, filings show, has more vacant space than at any time since Covid-19 upended the world of...

State will pay $6B to settle Covid-era unemployment debt in win for businesses

CrainsNewYork.com (Hospitality and Tourism) 5/6 7:58A Nick Garber
New York will spend upwards of $6 billion to pay off debt to the federal government that it took on during the Covid-19 pandemic to pay for unemployment benefits, Gov. Kathy Hochul said this week. The last-minute deal, which will be included in...
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