Mamdani backs Hochul’s reelection bid

CrainsNewYork.com (Sports) 2/5 5:23A Nacha Cattan and Laura Nahmias,

New York City Mayor Zohran Mamdani has backed the state’s governor, Kathy Hochul, in her reelection bid, a key endorsement from one of the most influential progressive voices in the nation.  Mamdani  made the announcement  in a column in The...

Op-ed: Layoffs have become routine. New York employers can lead better.

CrainsNewYork.com (Sports) 2/5 5:03A Amy Bloustine

New York City is no stranger to economic cycles, but the wave of layoffs hitting workers in 2026 seems different — deeper, broader and more destabilizing. Already this January, major employers announced cuts of staggering scale: Dow is...

New York’s pension funds scrutinize Palantir over ICE contract

CrainsNewYork.com (Sports) 2/5 4:23A Laura Nahmias and Nacha Cattan,

New York’s pension funds are questioning Palantir Technologies Inc., a software company, over its business dealings with U.S. Immigration and Customs Enforcement and the Department of Homeland Security.  Both the city and state pension funds are...

Filipino real estate mogul lists longtime Upper East Side home for $25M

CrainsNewYork.com (Sports) 2/4 11:33P C. J. Hughes

A Filipino real estate mogul is looking to part with his longtime home at a Park Avenue power address. Jorge Araneta, the CEO of Araneta Group, a conglomerate that owns hotels, fast-food restaurants and the stadium that hosted the famed 1975...

A Mamdani-style candidate looks to win over New Jersey’s suburbs

CrainsNewYork.com (Sports) 2/3 5:04A Nacha Cattan, Bloomberg

Analilia Mejia, a longtime labor activist who’s never held elected office, is one of close to a dozen Democrats who are vying for an open Congressional seat in New Jersey. Her campaign is a test of whether a Zohran Mamdani-style candidate can...

Op-ed: How NYC landlords can get ahead of LL97 compliance

CrainsNewYork.com (Sports) 2/3 5:03A Drew Maggio

The outset of the new year can be fraught with tax season preparations, budgeting and managing big plans for the months ahead for building owners. Concerns around crucial measures to comply with regulations can easily fall by the wayside or be...

Gateway Tunnel commission says it’s suing U.S. over funding freeze

CrainsNewYork.com (Sports) 2/3 4:33A Michelle Kaske and Chris Dolmets

The public commission building the $16 billion Gateway rail tunnel between New York and New Jersey said it sued the Trump administration over a federal funding freeze that could halt work on one of the nation’s biggest infrastructure projects....

MTA unveils $12B push to replace aging trains, buses

CrainsNewYork.com (Sports) 2/2 5:25A Michelle Kaske, Bloomberg

New York City’s transit system, the largest in the U.S., is creating a new unit to steer a $12 billion effort to replace decades-old trains and modernize its bus fleet.  Jessie Lazarus, who led the Metropolitan Transportation Authority’s shift...

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...