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

CrainsNewYork.com (Sports) 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...

Desperate to beat Cuomo, mayoral candidates spend heavily to get on the airwaves

CrainsNewYork.com (Sports) 5/7 9:08A Nick Garber

Conventional wisdom holds that New York City mayoral races do not really begin until candidates start airing television ads. By that standard, this year’s campaign season is finally underway — giving candidates their best hope yet of taking down...

Big affordable-housing portfolio faces financial reckoning

CrainsNewYork.com (Sports) 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...

City hospital system plans $46M ER upgrade to prep for delayed unit for Rikers detainees

CrainsNewYork.com (Sports) 5/6 12:33A Amanda D Ambrosio

North Central Bronx Hospital is planning a $46 million renovation of its emergency department to make space to build a medical unit for Rikers detainees that’s years behind schedule. The Norwood public hospital is seeking to restructure its...

On Politics: A promising idea for removing corrupt mayors

CrainsNewYork.com (Sports) 5/5 6:10A Ross Barkan

It’s becoming apparent that the mechanism for forcing a mayor of New York City from office in between elections does not work. As of now, only the governor can remove a mayor — there is no impeachment process built into the City Charter, and no...

Multifamily buildings aren’t the surefire investment they used to be

CrainsNewYork.com (Sports) 5/5 12:33A C. J. Hughes

As tenants and landlords clash in their annual battle over how much the city should raise regulated rents, one fact seems to be looming over the contentious proceedings this year: Multifamily buildings aren’t the surefire money-makers they used...

Editorial: A smart step forward for New York’s quality of life

CrainsNewYork.com (Sports) 5/2 12:48A https://www.crainsnewyork.com/ed

Mayor Eric Adams and NYPD Commissioner Jessica Tisch have taken an important step toward making New York City a more livable, welcoming place by launching the NYPD’s new Quality of Life Division. This initiative deserves praise — not only for its...

State to launch homeless outreach centers in subway stations

CrainsNewYork.com (Sports) 5/1 8:59A Caroline Spivack

Gov. Kathy Hochul is launching what she described Thursday as a network of 24/7 “welcome centers” in the city’s subway, where health professionals and social workers will connect homeless New Yorkers with shelter options and supportive services. ...

SALT talks stall as GOP mulls limiting tax break to middle class

CrainsNewYork.com (Sports) 5/1 8:27A Erik Wasson and Billy House, Blo

Key House Republicans on Thursday discussed ways to direct an expanded state and local tax deduction to those making less than $400,000 as they seek to balance the cost of the tax break with the political needs of several lawmakers from New York...

Spike in applications during NY's spring recess leads to jump in U.S. jobless claims

CrainsNewYork.com (Sports) 5/1 7:52A Nazmul Ahasan, Bloomberg

Applications for U.S. unemployment benefits rose to the highest level since February during the week that followed Easter and spring recess at New York City public schools. Initial claims increased by 18,000, to 241,000, in the week that ended...

Op-ed: Why New York must invest in its immigrant workers

CrainsNewYork.com (Sports) 5/1 7:03A Yesenia Mata , Gregory J. Morris

New York’s economy depends on immigrant workers. From hospitals to high-rises, foreign-born workers are filling urgent staffing gaps in critical industries like healthcare and construction, sectors already stretched thin by demographic shifts,...

Rent Guidelines Board endorses hike on stabilized leases in prelim vote

CrainsNewYork.com (Sports) 5/1 5:12A Lilah Burke

For about half of New York City apartments, rent may soon go up again. During a meeting Wednesday night to hold a preliminary vote, the city’s Rent Guidelines Board backed an increase for rent-stabilized apartments of 1.75% to 4.75% on one-year...

At a Glance: April 30

CrainsNewYork.com (Sports) 4/30 12:33A Ethan Geringer-Sameth

CORRECTION: New York City Health + Hospitals’ new contract with Managed Resources includes the same 12% contingency fee as the previous contract. This information was updated in the article , "Health + Hospitals expands contract with outside firm...

H+H approves $1.9B employment service contract as temporary staffing returns to pre-pandemic levels

CrainsNewYork.com (Sports) 4/30 12:33A Ethan Geringer-Sameth

New York City Health + Hospitals will continue to use an outside temp agency to manage the public hospital system’s travel personnel despite outside staff returning to pre-pandemic levels. The system’s board of directors approved a $1.9 billion,...

Wegmans opening sushi restaurant in Astor Place today

CrainsNewYork.com (Sports) 4/30 12:33A Lilah Burke

Wegmans is hoping its devoted shoppers will turn to the supermarket chain when craving high-end sushi. The grocery store chain is planning to open a sushi restaurant adjacent to its Astor Place store Wednesday. The restaurant, Next Door, is...