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These NYC pols said they wouldn't take real estate money—but they did
News 16 hours ago
These NYC pols said they wouldn't take real estate money—but they did

Go on, take the money and run! Since 2015, a growing number of New York City elected officials have sworn off contributions from one of the Big...

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CBRE to lay off more than half of its city tech team
News 18 hours ago
CBRE to lay off more than half of its city tech team

Layoffs are hitting CBRE's New York office, according to a notice filed with the New York State Department of Labor Tuesday. More than three dozen...

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One of the most affordable boroughs is seeing an increase in rental prices
News 1 week ago
One of the most affordable boroughs is seeing an increase in rental prices

Apartment rental prices in Queens saw a significant uptick, according to a new report by RentCafe. The borough saw rents increase 7% year-over-year...

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NYCHA scores $1.5B deal to privatize apartments in Brooklyn and Manhattan
News 1 week ago
NYCHA scores $1.5B deal to privatize apartments in Brooklyn and Manhattan

The New York City Public Housing Authority has struck an agreement to bring nearly six thousand apartments in Manhattan and Brooklyn under private...

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Judge to approve Forever 21 sale that ends founders’ control
News 2 weeks ago
Judge to approve Forever 21 sale that ends founders’ control

Forever 21 Inc. is moving out of its parents' house. U. S. Bankruptcy Judge Kevin Gross on Tuesday said in a hearing that he would approve the sale...

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Amid Macy's meltdown, another store brand announces layoffs
News 3 weeks ago
Amid Macy's meltdown, another store brand announces layoffs

Now another retailer is retrenching and laying off employees. The high-end millennial-focused apparel brand Opening Ceremony said it will shed 33...

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Landlords must pay rental broker fees, state regulators say
News 3 weeks ago
Landlords must pay rental broker fees, state regulators say

The real estate industry is promising to fight a new state action that will require landlords to pay rental broker fees and commissions, which...

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Stinger blasts mayor's affordable-housing plan as a 'gentrification industrial complex'
News 4 weeks ago
Stinger blasts mayor's affordable-housing plan as a 'gentrification industrial complex'

City Comptroller Scott Stringer, who is hoping to replace Bill de Blasio in Gracie Mansion next year, took a wrecking ball to the mayor's...

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Krispy Kreme reveals opening date for Times Square flagship, plans expansion
News 4 weeks ago
Krispy Kreme reveals opening date for Times Square flagship, plans expansion

Krispy Kreme ready to serve up a half-dozen fresh Manhattan stores as the opening date nears for its flagship in Times Square. The purveyor of...

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Despite Fairway’s bankruptcy, grocers are opening new Manhattan locations
News 4 weeks ago
Despite Fairway’s bankruptcy, grocers are opening new Manhattan locations

For yearlong access to lists assembled by Crain's New York Business, please log in or subscribe for a data membership. Fairway Market's road to...

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Department stores are betting on booze to boost retail
News 1 month ago
Department stores are betting on booze to boost retail

On a recent mid-January afternoon, the eight seats at the Shoe Bar in Nordstrom's new women's store were empty. "It's Dry January. People are broke...

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City faces more empty storefronts as bank branches shrink
News 1 month ago
City faces more empty storefronts as bank branches shrink

A bank, a drug store, another bank: Odds are, a stroll down a random Manhattan avenue devolves quickly into a retail snoozefest. New Yorkers have...

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Chelsea Terminal Warehouse redevelopment gets green light
News 1 month ago
Chelsea Terminal Warehouse redevelopment gets green light

Plans to redevelop the historic Terminal Warehouse in Chelsea are moving full steam ahead. In a unanimous decision Tuesday, the city's Landmarks...

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Fairway says it has 'no intention' to close all its stores
News 1 month ago
Fairway says it has 'no intention' to close all its stores

Fairway, the iconic New York grocer, announced it has "no intention" to close all its stores, disputing a published report. "Fairway Market has no...

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Hudson River Park needs community input and independent funding
News 1 month ago
Hudson River Park needs community input and independent funding

Governor Andrew Cuomo recently announced his determination to complete the Hudson River Park. If successful, he will end a 30-year quest to reshape...

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Housing authority chief looks to finance $40 billion in repairs
News 1 month ago
Housing authority chief looks to finance $40 billion in repairs

The leader of New York City's vast and decrepit public housing system admitted RAD-ical change is needed to meet its $40 billion in needs. Greg...

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Ocasio-Cortez questions motivation for LaGuardia AirTrain
News 1 month ago
Ocasio-Cortez questions motivation for LaGuardia AirTrain

AOC has just thrown a wrench into an approvals process that had been running like clockwork. On Friday, Rep. Alexandria Ocasio-Cortez sent a letter...

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Meatpacking properties—featuring Salt Bae—hits market again for $275M
News 1 month ago
Meatpacking properties—featuring Salt Bae—hits market again for $275M

The group that developed one of the Meatpacking District's most successful office projects in recent years is selling a controlling stake in the...

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Meatpacking properties—featuring Salt Bae—hit market again for $275M
News 1 month ago
Meatpacking properties—featuring Salt Bae—hit market again for $275M

The group that developed one of the Meatpacking District's most successful office projects in recent years is selling a controlling stake in the...

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New York's Landlord of the Dance gets $2M grant
News 1 month ago
New York's Landlord of the Dance gets $2M grant

Gina Gibney, New York's landlord of the dance, announced her troupe received a $2 million grant that will enable it to double in size and begin...

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Crain's most-read stories of 2019
News 2 months ago
Crain's most-read stories of 2019

A policy change by Lyft has enraged Uber and could increase congestion by shifting cars from the outer boroughs to Manhattan. Starting June 27,...

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Builders envision new 'Airport City' at Newark
News 2 months ago
Builders envision new 'Airport City' at Newark

With billion-dollar renovations already underway at each of New York's three major airports, a new report is envisioning a future with an entirely...

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Commercial rent control bill doesn't solve the reason for high vacancy rates
News 2 months ago
Commercial rent control bill doesn't solve the reason for high vacancy rates

In response to what some are calling a retail vacancy crisis, the City Council is attempting to tackle the issue with a bill that effectively...

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From one developer to another: Embrace ULURP
News 2 months ago
From one developer to another: Embrace ULURP

Seven years ago, the Rockaway Peninsula was devastated by Superstorm Sandy. Homes were torn up, people were displaced and some worried that the...

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Despite WeWork's implosion, coworking is still the future of office leasing
News 2 months ago
Despite WeWork's implosion, coworking is still the future of office leasing

A recent Crain's article announced that IBM is searching for new office space in New York, as it may drop its current WeWork location. The...

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Manhattan borough president rejects rezoning Harlem's Lenox Terrace
News 2 months ago
Manhattan borough president rejects rezoning Harlem's Lenox Terrace

Manhattan Borough President Gale Brewer rejected a plan to rezone Lenox Terrace-home to politicians and gangsters-ahead of a key vote by the City...

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Housing Authority leads worst landlords list for second straight year
News 2 months ago
Housing Authority leads worst landlords list for second straight year

The city's public housing authority once again topped the list of worst landlord, according to an updated ranking published by the public advocate...

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NYCHA leads 'worst landlords' list for second straight year
News 2 months ago
NYCHA leads 'worst landlords' list for second straight year

The city's public housing authority once again topped the list of worst landlord, according to an updated ranking published by the public advocate...

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Target plants a bull's-eye on Times Square
News 2 months ago
Target plants a bull's-eye on Times Square

Target is set to continue its steady takeover of Manhattan, landing soon in the crossroads of the world. The retailer revealed Thursday that it...

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Anti-Amazon politicians raise concerns with Sunnyside Yard plan
News 3 months ago
Anti-Amazon politicians raise concerns with Sunnyside Yard plan

Sign up for "THE CITY Scoop," our daily newsletter where we send you stories like this first thing in the morning. With the city moving closer to...

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