Editorial: Competitive campaigns bring bold housing ideas

CrainsNewYork.com (Banking) 5/9 12:45A https://www.crainsnewyork.com/ed

Elections are more than a referendum on the past — they’re a chance to surface new solutions to persistent problems. And few issues loom as large in New York City as the lack of affordable housing. To meet projected job and population growth, the...

State bets on Medicaid payment shift to fund city public hospitals

CrainsNewYork.com (Technology) 5/8 12:51P Amanda D Ambrosio

State officials are pursuing a new strategy to funnel millions of Medicaid dollars into the city’s public hospital system that relies on federal approval as U.S. lawmakers contemplate vast cuts to the program. New York City Health + Hospitals...

Three more children infected with measles in New York

CrainsNewYork.com (Technology) 5/8 12:37P Ethan Geringer-Sameth

Three more children have been infected with measles in New York as case numbers rise nationally and across the globe. The state Department of Health confirmed the infections, all three of which were in children under five years old living in...

City warns of 17% drop in foreign tourists due to Trump policies

CrainsNewYork.com (Energy & Utilities) 5/8 11:24A Laura Nahmias, Bloomberg

New York City officials cut their forecast for the number of international tourists this year by 17%, saying President Donald Trump’s tariffs and hard-line policies on immigration are deterring visitors. The city now estimates it will welcome...

State budget pairs long-sought housing vouchers with condo conversion relief

CrainsNewYork.com (Health Care) 5/8 10:48A Nick Garber

A $50 million aid program for low-income renters, pushed for years by both tenants and landlords, is finally included in this year’s state budget — albeit in a shrunken and temporary form. As part of the deal, the real estate industry won a...

Work from home is over, BlackRock tells senior staff

CrainsNewYork.com (Nonprofits) 5/8 7:24A Aaron Elstein

BlackRock is telling managing directors to return to the office five days a week, joining the ranks of big companies saying the era of work from home must end.  BlackRock manages $10.5 trillion in client assets and employs about 4,000 New Yorkers...

Op-ed: To safeguard NYC’s health, protect CUNY’s research

CrainsNewYork.com (Nonprofits) 5/8 7:03A Nicholas Freudenberg

For the past forty years, I have taught health students at City University of New York and conducted research on New York’s health problems. Over this time, CUNY has faced recurrent threats to its role as the largest educator of the city’s health...

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

CrainsNewYork.com (Banking) 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 (Nonprofits) 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...

Kehlani's Central Park Pride concert canceled after NYC mayor raises security concerns

NBCNewYork.com (Local) 5/7 10:52A Philip Marcelo | The Associated

Kehlani’s planned concert in Central Park next month has been canceled after New York City’s mayor raised security concerns about the R&B star’s performance during Pride Week.

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

CrainsNewYork.com (Banking) 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 (Banking) 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...

Northwell completes merger with Nuvance Health

CrainsNewYork.com (Transportation) 5/7 12:33A Amanda D Ambrosio

Northwell Health has completed its merger with financially distressed hospital system Nuvance Health, becoming the northeast region’s largest nonprofit health provider, it said Wednesday. The New Hyde Park-based health system took over Nuvance’s...

Europe’s blackout was a warning for New York’s power grid

CrainsNewYork.com (Transportation) 5/7 12:33A Caroline Spivack

The day-long blackout in Spain and Portugal last week raised urgent questions for New York’s power grid: How vulnerable is the city’s energy infrastructure to a widespread meltdown? Is there enough power to meet the city’s growing electricity...

Cuomo releases mental health agenda emphasizing supportive housing and involuntary commitment

CrainsNewYork.com (Wall Street) 5/6 10:40A Ethan Geringer-Sameth

Andrew Cuomo has released a plan to address what he calls the city’s “mental health crisis,” laying out a blueprint for a mayoralty that focuses on increasing residential services and psychiatric commitments if he’s elected in November. The...