Mamdani's promise to freeze the rent seemed out of reach. Not anymore.

CrainsNewYork.com (International) 2/18 9:27A Jack Grieve

In his final weeks as mayor, Eric Adams stacked the Rent Guidelines Board with loyalists, seeming to ensure that Zohran Mamdani's proposed rent freeze would not manifest in his first year in office. Two months later, Mamdani is poised to deliver...

Ritz-Carlton New York officially changes hands for $269.7M

CrainsNewYork.com (International) 2/18 9:23A Julianne Cuba

The Ritz-Carlton New York has officially sold for $269.7 million, records show. Miami-based investment firm Gencom acquired the luxury hotel at 50 Central Park South in two separate transactions that hit the city register Wednesday. Tom Bezold,...

Op-ed: These small businesses hold the key to child care for New Yorkers

CrainsNewYork.com (Transportation) 2/18 5:03A Erica Phillips, Reshma Saujani

For too long, New York City has asked working families to do the impossible: stay afloat in one of the most expensive cities in the country while piecing together child care that is unaffordable, unreliable, or unavailable.  It has also asked the...

Inside Mayor Zohran Mamdani's $127B preliminary budget

CrainsNewYork.com (Banking) 2/17 11:33P Jack Grieve, Ethan Geringer-Same

Call it a placeholder with teeth. Mayor Zohran Mamdani's preliminary 2027 budget leans on an unpopular property tax increase and reserve drawdowns. Nobody seems happy about it, not even the mayor himself, and the final version adopted in June...

On Politics: Six revenue strategies Mamdani's city budget overlooked

CrainsNewYork.com (Banking) 2/17 11:33P Ross Barkan

Mayor Zohran Mamdani’s bid to close a $5 billion budget gap through an income tax hike is understandable enough, if Gov. Kathy Hochul has indicated it probably won’t happen. Now Mamdani, with his $127 billion preliminary budget, is resorting to...

Mamdani names Christina Farrell the next emergency management commissioner

CrainsNewYork.com (Professional Services) 2/17 8:37A Ethan Geringer-Sameth

Mayor Zohran Mamdani has named Christina Farrell to permanently lead New York City Emergency Management, placing a veteran of operations at the helm of the city’s disaster response. Farrell, the former first deputy commissioner, began leading the...

Mamdani plans to hike NYC property tax to fill $5B hole

CrainsNewYork.com (International) 2/17 6:54A Laura Nahmias, Bloomberg

New York City Mayor Zohran Mamdani is proposing raising New York City’s property taxes for the first time in more than two decades and is looking to raid the city’s reserve funds to fill a roughly $5 billion budget gap. “He’s put a pretty extreme...

Op-ed: Small businesses need room to breathe, not economic justice

CrainsNewYork.com (International) 2/17 6:03A Matt Coleman

New York City’s ecosystem of 183,000 small businesses are not social experiments. From Main Street staples to bodegas, job creators fight every day to survive a rough city climate: skyrocketing rents, rising labor costs, and complex local taxes....

The Rev. Jesse Jackson has died at age 84

CrainsNewYork.com (Energy & Utilities) 2/16 11:59P https://www.crainsnewyork.com/po

The Rev. Jesse Jackson, the civil rights activist and two-time presidential candidate who ranked among Chicago's most internationally recognized figures, died today. He was 84. "He died peacefully on Tuesday morning, surrounded by his family,"...

Hochul hands Mamdani a $1.5 billion lifeline

CrainsNewYork.com (Transportation) 2/16 10:25A Jack Grieve

Gov. Kathy Hochul plans to send an additional $1.5 billion to New York City over the next two years, easing pressure on Mayor Zohran Mamdani as he finalizes his 2026 budget proposal due Tuesday. The mayor is required to present a balanced budget...

Steven Fulop’s ‘centrist’ vision for the Partnership in the age of Mamdani

CrainsNewYork.com (Wall Street) 2/13 9:03A Ethan Geringer-Sameth

For many members of New York’s business community, the election of the democratic socialist mayor was a wake-up call. Steven Fulop, the newly minted president and CEO of the Partnership for New York City, a trade group of the city’s vast...

Jeanine Pirro files $250,000 negligence suit in NYC suburb over a trip-and-fall

NBCNewYork.com (Politics News) 2/13 3:09A The Associated Press

Jeanine Pirro, the U.S. attorney for D.C., has filed a $250,000 negligence lawsuit against her hometown north of New York City and a power utility.

NYC reports 1 measles case in unvaccinated infant; Health Officials urge MMR vaccination

NBCNewYork.com (Local) 2/13 2:48A NBC New York Staff

NEW YORK – New York City health officials have confirmed one case of measles this week involving an unvaccinated infant with recent international travel. The NYC Health Department said it is working to identify and notify people who may have been...

Inside New York City’s brand-new ‘bathing festival’ with 15 specialized saunas, cold plunges and...

NYPost.com (Metro) 2/12 6:37A McKenzie Beard

Bundle up, then strip down — it’s about to get hot.

Op-ed: City's new comptroller, pension trustees must lead on climate

CrainsNewYork.com (Economy) 2/12 5:03A Loren Blackford

Three of New York City’s pension funds are now weighing whether to move tens of billions of dollars from BlackRock over concerns about the asset manager’s climate risk management and decarbonization plans. This decision could be a wake-up call...