Long Island City tower lands $111M loan at full market occupancy

CrainsNewYork.com (Hospitality and Tourism) 3/4 6:18A Julianne Cuba

A joint venture between real estate firms Fetner Properties and Lions Group landed triple-digit financing for a Long Island City residential tower, the developers announced Wednesday. The partnership, called American Lions, secured the $111...

NY taxi insurer failed to defend Uber in crash cases, judge says

CrainsNewYork.com (Hospitality and Tourism) 3/4 4:16A Natalie Lung, Bloomberg

A U.S. judge sided with Uber Technologies in its complaint that American Transit Insurance Co., the largest taxi insurer in New York City, failed to defend the ride-hailing company in crash cases involving its drivers. ATIC breached its duty to...

What is the Sunnyside Yard deck plan — and why has it not yet been built?

CrainsNewYork.com (Media & Entertainment) 3/3 11:33P Jack Grieve

On March 3, 2020, the New York City Economic Development Corp. and Amtrak published a plan to build a deck over one of the busiest rail yards in the country. The move would have essentially created a new neighborhood and brought the most...

Mamdani, Hochul announce 2,000 2-K seats to open in first phase of universal childcare plan

CrainsNewYork.com (Media & Entertainment) 3/3 9:57A Ethan Geringer-Sameth

Mayor Zohran Mamdani and Gov. Kathy Hochul said the first phase of the city’s 2-K program will launch this year, bringing 2,000 spots in four high-needs neighborhoods in Manhattan, the Bronx, Brooklyn and Queens. Beginning this fall, the city...

NYC congestion pricing program can continue, U.S. judge rules

CrainsNewYork.com (Arts) 3/3 6:45A Chris Dolmetsch and Michelle Kas

New York City’s congestion pricing program can continue after a federal judge ruled that the Trump administration’s attempts to terminate it were unlawful — a financial win for the nation’s largest mass transit provider.   US District Judge Lewis...

Supreme Court preserves NY GOP-held congressional district

CrainsNewYork.com (Hospitality and Tourism) 3/3 3:32A Greg Stohr, Bloomberg

A sharply divided U.S. Supreme Court halted the redrawing of a Republican-held congressional district in New York City in a decision likely to keep the seat safely in GOP hands in the November election. Over dissents from the court’s three...

Maimonides could gain $9M monthly once H+H deal closes, exec says

CrainsNewYork.com (Hospitality and Tourism) 3/2 11:33P Amanda D Ambrosio

Maimonides Health could get an immediate financial boost as early as next month if its merger with New York City Health + Hospitals clears regulatory hurdles, H+H CEO Mitchell Katz said Monday. The Borough Park safety-net hospital system could...

Jamie Rubin to chair Regional Plan Association board

CrainsNewYork.com (Hospitality and Tourism) 3/2 11:33P Julianne Cuba

Jamie Rubin, who led New York's Hurricane Sandy recovery and the state's housing agency under Gov. Andrew Cuomo, will become the next board chair of the Regional Plan Association. Rubin's nomination to the board, which is expected to be...

On Politics: Sunnyside Yard could become Mamdani's LaGuardia moment

CrainsNewYork.com (Arts) 3/2 9:46A Ross Barkan

Of all of Mayor Zohran Mamdani’s grand aims, few might be more challenging — and more ambitious — than his sudden bid to revive the Sunnyside Yard housing development in Queens. Mamdani didn’t campaign explicitly on Sunnyside Yard, though he...

New health chief vows to make city living more affordable

CrainsNewYork.com (Arts) 3/2 7:54A Jessica Nix, Bloomberg

New York City’s health department is largely known for the letter grades it puts in restaurant windows after food-safety inspections. Its new commissioner is determined to change that. Emergency room physician Alister Martin is taking charge of...

City health officials expand pregnancy, childhood services with $20M investment

CrainsNewYork.com (Hospitality and Tourism) 3/1 11:33P Amanda D Ambrosio

The Department of Health and Mental Hygiene will receive $20 million in city funds over the next three years to expand pregnancy services and early childhood health programs, Mayor Zohran Mamdani said Friday. The goal is to provide early support...

H+H opens new oncology center in Coney Island that could double patient volume

CrainsNewYork.com (Hospitality and Tourism) 3/1 11:33P Amanda D Ambrosio

New York City Health + Hospitals opened a new oncology and infusion center at its Coney Island hospital on Friday, a facility expected to double patient volume amid rising demand for cancer care. The new cancer center at South Brooklyn Health...

Downtown Brooklyn emerges as cultural, entertainment destination following residential boom

CrainsNewYork.com (Hospitality and Tourism) 3/1 11:33P Julianne Cuba

The real estate industry axiom that retail follows residential is proving true in Downtown Brooklyn. The mixed-use neighborhood, which was rezoned in the early aughts and is sandwiched between the more suburban-style communities of Brooklyn...

H+H, Maimonides merger inches forward as state fast-tracks review

CrainsNewYork.com (Arts) 2/26 11:33P Amanda D Ambrosio

New York City Health + Hospitals is moving forward with its planned takeover of Brooklyn safety-net provider Maimonides Health System, as state officials fast-track the review and the anticipated April 1 closing date nears. H+H filed a...

Pediatric in-home therapy startup raises $13M to expand

CrainsNewYork.com (Arts) 2/26 11:33P Ethan Geringer-Sameth

Pediatric therapy startup Coral Care raised $13 million to expand in the fractured market of in-home youth services. The Dobbs Ferry-based company markets itself as a full-service intermediary between therapists that want to launch a private...