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City loses $112M for High Line-style park under Trump law

CrainsNewYork.com (Banking) 7/29 9:39A Nick Garber
New York City will lose out on more than $100 million in promised federal funding for a High Line-style park in Queens after the grant was canceled as part of the spending plan signed by President Donald Trump this month. The Republican Party’s...

MTA racing to restore subway service after power outage

CrainsNewYork.com (Banking) 7/29 7:39A Caroline Spivack
A power outage to signal equipment near three Manhattan stations fully or partially suspended multiple subway lines beginning Tuesday morning, causing a cascade of delays across the system, MTA officials said. The agency says it expects service...

Power outage triggers subway service meltdown

CrainsNewYork.com (Professional Services) 7/29 7:39A Caroline Spivack
A power outage to signal equipment near three Manhattan stations fully or partially suspended multiple subway lines beginning Tuesday morning, causing a cascade of delays across the system, MTA officials said. The agency says it expects service...

JetBlue posts smaller-than-expected loss as demand improves

CrainsNewYork.com (Small Business News) 7/29 6:17A Mary Schlangenstein, Bloomberg
JetBlue Airways Corp. posted a smaller-than-expected loss in the second quarter as demand rebounded and efforts to turn around the struggling carrier gained traction.  The airline’s adjusted loss was 16 cents a share, the company said in a...

What we know about the NYC office tower shooting and the suspect

NBCNewYork.com (Local) 7/28 7:08P Jamie Knodel | NBC News
A gunman opened fire inside a high-rise corporate building in the heart of Manhattan on Monday evening, killing a New York City police officer and three other people, officials said. The suspected shooter acted alone and died from a...

RFR claims it lost Madison Avenue tower at ‘rigged’ auction

CrainsNewYork.com (Banking) 7/28 11:05A Aaron Elstein
At an April 15 court hearing, a lawyer for developer Aby Rosen pleaded with a judge to delay the foreclosure auction for 285 Madison Ave., a 500,000 square-foot office tower near Grand Central Terminal. Rosen was on the cusp of selling  another...

MTA considers 10% fare hike for Connecticut’s Metro-North commuters

CrainsNewYork.com (Banking) 7/28 10:55A Michelle Kaske, Bloomberg
New York’s Metropolitan Transportation Authority is considering a request by Connecticut for a combined 10% fare hike on its portion of the Metro-North Railroad.  The fare increase — a 5% raise on Sept. 1 and another on July 1, 2026 — would...

On Politics: Kathy Hochul’s re-election could be a snoozefest

CrainsNewYork.com (Advertising & Marketing) 7/28 7:23A Ross Barkan
After many months of speculation, the contenders for next year’s gubernatorial race appear to be finalized. Gov. Kathy Hochul will face her old lieutenant governor, Antonio Delgado, in the Democratic primary. And assuming she wins there, Elise...

Editorial: The Interborough Express is the housing catalyst New York needs

CrainsNewYork.com (Nonprofits) 7/25 12:48A https://www.crainsnewyork.com/ed
The Interborough Express is the rare infrastructure project that has the power to make a big dent in two of New York City’s most stubborn problems at once: inadequate transportation between the outer boroughs and a chronic housing shortage....

Krispy Kreme owner takes offices at Fifth Avenue skyscraper

CrainsNewYork.com (Technology) 7/24 10:02A Natalie Wong, Bloomberg
JAB Holding Co., the investment firm behind Krispy Kreme Inc., signed a lease at a new 1,002-foot-tall tower on Manhattan's Fifth Avenue. The firm has signed a lease to occupy the 11th floor at 520 Fifth Ave., taking roughly 11,600 square feet...
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