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

CrainsNewYork.com (Education) 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...

Historic Washington Heights church to close in June after more than a century

CrainsNewYork.com (Education) 5/7 11:39A C. J. Hughes

An outpost of New York City’s oldest church is calling it quits. Fort Washington Collegiate Church, one of four sites belonging to a Dutch Reformed congregation dating back to 1628, will close its Washington Heights location on West 181st Street...

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

CrainsNewYork.com (Education) 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 (Education) 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 (Education) 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...

Major expansion of street-vending licenses gains momentum in City Council

CrainsNewYork.com (Education) 5/5 10:39A Nick Garber

A hotly contested bill that would eliminate New York’s longstanding limits on street-vending licenses is gaining momentum in the City Council, heartening supporters in the immigrant-heavy vending community but stoking a new wave of anxiety among...

Occupancy falls at New York Hilton Midtown

CrainsNewYork.com (Education) 5/5 8:27A Aaron Elstein

Fewer travelers checked in last quarter at the New York Hilton Midtown, one of the city’s biggest hotels, and the property’s owner could turn unprofitable this year due to a decline in overseas guests. “We’ve got tremendous uncertainty now for...

City’s warehouse crackdown will shift jobs to New Jersey, worsen truck traffic, REBNY says

CrainsNewYork.com (Education) 5/5 7:29A Nick Garber

A city plan to make it harder to build package-delivery hubs would cost New York jobs and tax revenue, while pushing the growing industry to New Jersey, according to an analysis by the Real Estate Board of New York. REBNY is preparing to mobilize...

On Politics: A promising idea for removing corrupt mayors

CrainsNewYork.com (Education) 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...

Letter to the editor: Steven Roth is right about housing

CrainsNewYork.com (Education) 5/2 7:03A Alexandros Washburn

Regarding your April 9 article "Steven Roth teases strategy shift toward apartments," Steven Roth is right: people want to live in New York, and the city desperately needs additional housing. If Mr. Roth truly wants to unlock the “promised land”...

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

CrainsNewYork.com (Education) 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...

Adams’ surprisingly sunny $115B budget adds spending despite looming downturn

CrainsNewYork.com (Education) 5/1 11:19A Nick Garber

Mayor Eric Adams proposed a surprisingly sunny $115.1 billion budget on Thursday, making new investments to create a universal K-5 after-school program and increase police headcount even as experts urge restraint to prepare for federal aid cuts and...

State to launch homeless outreach centers in subway stations

CrainsNewYork.com (Education) 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 (Education) 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 (Education) 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...