‘Worst landlord’ delinquency sends Bronx housing loan to special servicing

CrainsNewYork.com (Hospitality and Tourism) 2/26 7:38A Aaron Elstein

A Bronx affordable housing portfolio owned by a repeat contender for New York’s “worst landlord” has been sent to special servicing, a new sign of mounting financial pressure on rent-regulated apartments. Landlord Barry Singer fell behind on the...

Mamdani meeting with Trump at White House

CrainsNewYork.com (Hospitality and Tourism) 2/26 7:12A Jack Grieve

Mayor Zohran Mamdani made an unannounced trip to Washington D.C. to meet with President Donald Trump in the Oval Office this afternoon, sources familiar with the plans told Crain's . It is not clear what they plan to discuss. Mamdani's public...

Letter: LL97 presents insurmountable costs

CrainsNewYork.com (Hospitality and Tourism) 2/26 5:03A Jane Menton

On Feb. 3, Crain’s published an op-ed purporting to help NYC landlords get ahead of Local Law 97 compliance. The author, Drew Maggio, is the technical director at Highmark, a company positioning itself as a "leader in efficient building...

MTA threatens to sue U.S. for frozen subway cash

CrainsNewYork.com (Hospitality and Tourism) 2/26 4:10A Michelle Kaske, Bloomberg

The Metropolitan Transportation Authority warned the Trump administration that it will sue unless it receives by March 6 about $60 million of funding for a subway extension project that’s been stalled since October. New York City’s mass transit...

Business leaders give Mamdani good grades for winter response

CrainsNewYork.com (Arts) 2/25 11:33P Ethan Geringer-Sameth

Harsh winter weather has proven to be an Achilles’ heel for many new mayors, cutting through the ideological thrust of their hustings with an early test of managerial chops. Mayors Michael Bloomberg and Bill de Blasio were not spared that fate,...

The new snowstorm playbook for New York businesses

CrainsNewYork.com (Arts) 2/25 11:33P Jack Grieve

The mantra was simple: "If the markets are open, we're open." Not anymore. The New York Stock Exchange operated as normal on Monday despite a blizzard blanketing Manhattan with 20 inches of snow and a citywide ban on rush-hour traffic. However,...

Montefiore seeks major expansion with 20-story medical tower

CrainsNewYork.com (Arts) 2/25 11:33P Amanda D Ambrosio

Montefiore Health System is moving forward with plans to build a 20-story medical pavilion on its Morris Park campus, proposing a significant expansion of its Bronx footprint, city filings show. The health system submitted an application to the...

Hochul's budget director talks Mamdani tax proposals, state funding for New York City

CrainsNewYork.com (Arts) 2/25 7:41A Jack Grieve

New York State Budget Director Blake G. Washington came down to Manhattan Wednesday morning for an open discussion on the state's fiscal outlook with Andrew Rein, president of the Citizens Budget Commission. During their conversation, he offered...

Op-ed: New York can ignite global sustainability innovation

CrainsNewYork.com (Arts) 2/25 5:03A Steven Cohen

In his post-election victory speech, Mayor-elect Zohran Mamdani proclaimed that in these politically dark times, “New York will be the light.” It’s up to us to make sure that the light is sustainable. While globally the drive toward climate...

Op-ed: Mamdani should scale affordable housing services to help the homeless

CrainsNewYork.com (Arts) 2/24 5:03A Jody Rudin, Rick Gropper

No single policy will solve New York City’s homelessness crisis on its own, but a little-known program with tremendous potential offers one of the most effective paths from shelter to permanent housing. Affordable Housing Services is a proven...

New York City nonprofit files plans for 21-story, 350-unit resi building in the East Village

CrainsNewYork.com (Hospitality and Tourism) 2/23 11:33P Julian Nazar

Community Access plans to bring a new residential building to the East Village. The New York City nonprofit filed plans with the city's Department of Buildings to construct a 21-story, 350-unit residential building at 743 E. 12th St. A vacant...

New York's largest VC firms are betting big on a controversial company

CrainsNewYork.com (Hospitality and Tourism) 2/23 11:33P Aaron Elstein

Thirty years ago venture capitalists were harder to find in New York than a taxi in the rain. That started to change in 1997, when Henry Kravis — the second K in the famed investment firm KKR — persuaded 67 wealthy individuals to ante up $1...

We're Flying High on the News the Balloon Museum Is Opening a Permanent NYC Location

Mommy Poppins 2/23 6:00P Jody Mercier

The Balloon Museum is set to open a permanent, US-flagship location at the South Street Seaport this summer. New York City doesn't lack for creative, immersive spaces and interactive museums —but there's always room for one more. The Balloon...

NYC travel snarled by snow as Central Park gets 15 inches

CrainsNewYork.com (Arts) 2/23 4:30A Michelle Kaske and Aashna Shah,

If you’re trying to get into New York City on Monday, unless it’s essential, you’re probably better off hunkering down at home.  Traveling into the area by car, plane, bus or train is proving difficult thanks to an intense winter storm that’s...

H+H names new CEO to lead Maimonides after state-backed merger closes

CrainsNewYork.com (Media & Entertainment) 2/19 11:33P Amanda D Ambrosio

New York City Health + Hospitals tapped longtime hospital executive Svetlana Lipyanskaya to lead Maimonides Health on Thursday, selecting her to take over once the city’s pending acquisition of the Brooklyn safety-net system is approved.  ...