Hotelier loses two Midtown sites after pandemic and legal struggles

CrainsNewYork.com (Sports) 1/28 11:33P C. J. Hughes

An Indian-American investor has lost two Midtown hotels-turned-shelters following troubles with Covid travel restrictions, infighting among the owners and lawsuits from lenders. The two properties are 59 W. 46th St., known as the Hotel at Times...

Trump’s Penn Station revamp heads for funding fight with states

CrainsNewYork.com (Sports) 1/28 11:33P Michelle Kaske, Bloomberg

Amtrak, which the Trump administration put in charge of overhauling Manhattan’s Penn Station, will ask New Jersey and New York to help finance the renovation of North America’s busiest train depot. When the administration  took over  the project...

Op-ed: First time homebuyers must be part of the solution to the housing crisis

CrainsNewYork.com (Sports) 1/27 5:03A Jamie A. Smarr

The housing crisis profoundly impacting New York City results from a combination of problems — demand for homes in the five boroughs far outpacing supply, government regulations focused on controlling rents instead of promoting new home building,...

Gateway Tunnel work to stop next week if White House holds funding

CrainsNewYork.com (Sports) 1/27 4:18A Michelle Kaske, Bloomberg

Construction on a new $16 billion rail tunnel project connecting New Jersey and Manhattan will stop as soon as next week unless the federal government unlocks funds tied to the development. Work on the massive infrastructure project under the...

H+H expands physician training with 75 new residency positions

CrainsNewYork.com (Sports) 1/26 11:33P Amanda D Ambrosio

New York City Health + Hospitals is adding 75 resident physician jobs, a move the health system says will ramp up workforce development and improve access to care in areas with staffing shortages. The public hospital system is expanding its...

Mamdani signals populist bona fides before the big policy fights begin

CrainsNewYork.com (Sports) 1/26 11:33P Jack Grieve

Mayor Zohran Mamdani was in Brooklyn shoveling snow at the peak of Sunday's storm. It was not the first time he got his hands dirty in his first weeks in office. Earlier this month, he joined workers at the base of the Williamsburg Bridge to help...

DiNapoli says universal childcare in New York City could cost up to $8B

CrainsNewYork.com (Sports) 1/25 11:33P Ethan Geringer-Sameth

A universal childcare program like the one proposed by Mayor Zohran Mamdani could cost between $2.7 billion and $8.2 billion annually when fully implemented at the city’s current rates, according to a new report from state Comptroller Thomas...

Op-Ed: Expanding EV charging is a climate justice imperative

CrainsNewYork.com (Sports) 1/22 5:03A Jeffrey Prosserman

Dear Mayor Mamdani, How New Yorkers move shapes the air we breathe and the health of our communities. You have spoken about improving transit equity, including your commitment to making city buses free. You have also outlined a climate-justice...

City's only Republican seat must be redrawn, helping Democrats

CrainsNewYork.com (Sports) 1/22 3:49A Laura Nahmias and Nacha Cattan,

A judge ruled that a New York congressional district must be redrawn, giving Democrats an opportunity to pick up another seat in Congress ahead of November's hotly-contested midterm elections. New York's 11th Congressional District, which is held...

Plaza District office tower owners abandon conversion plans

CrainsNewYork.com (Sports) 1/21 11:33P Aaron Elstein

The owners of a Plaza District office tower have dropped plans to convert the building into apartments and instead will keep it as offices, a decision that speaks to the extraordinary and rebounding demand for Manhattan office space — not to...

Hochul proposes $260 billion budget — with no hike to 'tax the rich'

CrainsNewYork.com (Sports) 1/20 8:16A Jack Grieve

Gov. Kathy Hochul is proposing a $260 billion state budget that relies on higher-than-expected Wall Street revenues to increase spending on health care and education without raising taxes. The $260 billion figure is up from $254 billion last year,...

On Politics: Hochul might be NYC transit's best ally in a century

CrainsNewYork.com (Sports) 1/20 8:12A Ross Barkan

Kathy Hochul’s tenure as governor has not always been smooth. Her approval ratings, at times, have been middling, and she barely survived a re-election challenge from a Trump Republican. Yet it’s becoming clear, more than four years after she...

Mamdani revives contested Bronx housing project for former detainees

CrainsNewYork.com (Sports) 1/20 7:30A Amanda D Ambrosio

Mayor Zohran Mamdani is reviving a long-contested Bronx housing development for formerly incarcerated individuals, reversing his predecessor’s attempts to derail the project. Mamdani said Monday that he will “reactivate” Just Home, an 83-unit...

Japanese investor buys flagship Birkenstock SoHo store for $18.5M

CrainsNewYork.com (Sports) 1/20 6:48A Eddie Small

Another Japanese buyer has scooped up a Manhattan property in the latest sign of the country's renewed interest in New York real estate. An "ultra-high-net-worth private investor from Japan" has purchased 120 Spring St. in SoHo for $18.5 million...

City's commercial property values show year-over-year gains

CrainsNewYork.com (Sports) 1/15 9:37A Martin Z. Braun, Bloomberg

New York commercial property values are strengthening, buoyed by banks, tech companies and law firms moving into trophy offices . The market value of the city's offices, stores and hotels is projected to rise 4.3% to nearly $350 billion in the...