Mamdani plans to hike NYC property tax to fill $5B hole

CrainsNewYork.com (Hospitality and Tourism) 2/17 6:54A Laura Nahmias, Bloomberg

New York City Mayor Zohran Mamdani is proposing raising New York City’s property taxes for the first time in more than two decades and is looking to raid the city’s reserve funds to fill a roughly $5 billion budget gap. “He’s put a pretty extreme...

Op-ed: Small businesses need room to breathe, not economic justice

CrainsNewYork.com (Hospitality and Tourism) 2/17 6:03A Matt Coleman

New York City’s ecosystem of 183,000 small businesses are not social experiments. From Main Street staples to bodegas, job creators fight every day to survive a rough city climate: skyrocketing rents, rising labor costs, and complex local taxes....

The Rev. Jesse Jackson has died at age 84

CrainsNewYork.com (Hospitality and Tourism) 2/16 11:59P https://www.crainsnewyork.com/po

The Rev. Jesse Jackson, the civil rights activist and two-time presidential candidate who ranked among Chicago's most internationally recognized figures, died today. He was 84. "He died peacefully on Tuesday morning, surrounded by his family,"...

Steven Fulop’s ‘centrist’ vision for the Partnership in the age of Mamdani

CrainsNewYork.com (Hospitality and Tourism) 2/13 9:03A Ethan Geringer-Sameth

For many members of New York’s business community, the election of the democratic socialist mayor was a wake-up call. Steven Fulop, the newly minted president and CEO of the Partnership for New York City, a trade group of the city’s vast...

Op-ed: City's new comptroller, pension trustees must lead on climate

CrainsNewYork.com (Arts) 2/12 5:03A Loren Blackford

Three of New York City’s pension funds are now weighing whether to move tens of billions of dollars from BlackRock over concerns about the asset manager’s climate risk management and decarbonization plans. This decision could be a wake-up call...

Manhattan rents hit near-record high as buyers stay stuck in rental market

CrainsNewYork.com (Hospitality and Tourism) 2/11 11:33P Julianne Cuba

Manhattan rents hit their third-highest level on record at the start of the year — up nearly 8% from 2025 and more than double the annual inflation rate. The median rent in the borough was $4,695 last month, down $55 from November's record high...

New York private school startup seeks edge by giving 42% fee discount

CrainsNewYork.com (Hospitality and Tourism) 2/11 11:33P Erin Hudson, Bloomberg

Before Harrow International School New York opened its doors in September, principal Matthew Sipple hoped to enroll 80 students by the end of its inaugural year. So far, there are just 20. The kids are outnumbered by a staff of 26. That's why...

Mamdani names entrepreneur, Obama admin alum to city's chief tech role

CrainsNewYork.com (Arts) 2/10 11:33P Jack Grieve

An Obama administration alum and veteran computer scientist who helped create GIF technology and launch Hulu is set to become New York City's next chief technology officer. Mayor Zohran Mamdani said Tuesday afternoon that Lisa Gelobter, current...

Op-ed: Universal child care must include home-based care

CrainsNewYork.com (Hospitality and Tourism) 2/10 5:03A Davon Russell

Across the state of New York, home-based childcare programs outnumber center-based by more than two to one. They are a vital part of the childcare sector—trusted neighbors who care for children in their own homes, offering flexibility, cultural...

New York City Republicans risk losing lone GOP voice in Congress

CrainsNewYork.com (Hospitality and Tourism) 2/10 4:41A Brandon Sapienza, Bloomberg

Staten Island stands apart from the rest of New York City in more ways than one. But its status as a Republican redoubt in a Democratic stronghold is under threat. In January, a state court judge ruled that New York's 11th Congressional District,...

Roaches, rats and cat poop: How NYC singles are getting savage revenge on their exes for Valentine’s...

NYPost.com (Living) 2/9 11:30P Marissa Matozzo

Love may be in the air this Valentine’s Day — but across New York City and beyond, so is revenge.

Workplace provider Mindspace adds more than 11K in Williamsburg

CrainsNewYork.com (Arts) 2/9 6:40A Julian Nazar

Mindspace will expand its office footprint at a Class-A office building in Williamsburg by around 11,500 square feet this summer.   With this expansion, the global flexible workplace provider will occupy approximately 50,000 square feet on the...

Op-ed: A democratic socialist mayor could have the credibility to tame government

CrainsNewYork.com (Hospitality and Tourism) 2/8 11:33P Andrew Rein

Mayor Zohran Mamdani agreeing with Comptroller Mark Levine that New York City faces a massive budget shortfall evokes "Casablanca’s" famous line: "I'm shocked, shocked, to find that gambling is going on in here!” The daunting gap should not be a...

NY-NJ tunnel construction imperiled in standoff with White House

CrainsNewYork.com (Hospitality and Tourism) 2/6 8:11A Michelle Kaske, Bloomberg

Work on a $16 billion Hudson River rail-tunnel project that could ease congestion between New Jersey and Manhattan is set to come to a halt on Friday following the Trump administration’s decision last year to freeze its funding. The new tunnel,...

Ritz-Carlton owner to sell hotels in New York and Washington

CrainsNewYork.com (Hospitality and Tourism) 2/6 4:12A Patrick Clark, Bloomberg

Westbrook Partners is selling Ritz-Carlton hotels in New York and Washington, as affluent consumers demonstrate continued willingness to pay up for luxury travel.  The firm has completed a deal to sell the Ritz-Carlton New York, located on...