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Montclair’s $18M school crisis leaves taxpayers on the hook

CrainsNewYork.com (Technology) 1/9 9:47A Erin Hudson, Bloomberg
The schools in Montclair, New Jersey, are facing a deficit of nearly $18 million. Some residents of the New York City suburb worry that leaving it to taxpayers to clean up the mess could make living there unaffordable. Real estate prices soared...

Prolific hotel investor strikes again, this time in Hell’s Kitchen

CrainsNewYork.com (Transportation) 1/8 11:33P C. J. Hughes
A low-key but prolific investor in chain hotels has snapped up yet another property amid continuing signs of improvement for the hospitality sector. Mahesh Ratanji recently purchased a Holiday Inn Express at 538 W. 48th St., an 11-story, 177-room...

Op-ed: How Mamdani can make NYC green AND affordable

CrainsNewYork.com (International) 1/8 5:03A Carter Strickland , John Surico
Floods in October claimed the lives of two more basement residents, a visceral reminder that poor New Yorkers suffer the most from extreme weather and that housing is intertwined with climate. Coming just weeks before an election in which climate...

Hochul to expand free child care in New York City, handing a win to Mamdani

CrainsNewYork.com (Advertising & Marketing) 1/8 3:51A Nick Garber
Gov. Kathy Hochul announced plans Thursday to significantly expand free child care across the state, including new efforts in New York City — handing a major, if partial, victory to Mayor Zohran Mamdani, who campaigned on a promise of universal...

Business leaders parse Mamdani’s first moves

CrainsNewYork.com (Advertising & Marketing) 1/7 11:33P Nick Garber
For months, New York’s business community has wondered whether Mayor Zohran Mamdani would keep his warm posture toward the private sector, or govern as the democratic socialist boogeyman they feared. The answer, from his first days in office, has...

NYC fights sale of bankrupt rentals after Mamdani blasts living conditions

CrainsNewYork.com (Banking) 1/7 5:46A Jonathan Randles, Bloomberg
Newly-inaugurated New York City Mayor Zohran Mamdani’s housing agenda is facing its first test as the city balks at the  bankruptcy sale  of thousands of rent-stabilized apartments owned by Pinnacle Group, where residents have railed against...

Conway kicks off campaign for NYC House seat with anti-Trump ad

CrainsNewYork.com (Politics) 1/6 9:34A Raga Justin, Bloomberg
George Conway, an attorney and prominent critic of President Donald Trump, on Tuesday launched his congressional campaign Tuesday with an ad focused on his adversarial relationship with the president. Conway, a Republican who switched to the...

Developer secures land for city's largest public EV charging station

CrainsNewYork.com (Health Care) 1/6 7:25A C. J. Hughes
Plans for what is being billed as the city’s largest public charging station for electric vehicles are a big step closer to reality. Wildflower, a frequent developer of EV-focused projects, has purchased a 2.5-acre squiggle of land near John F....
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