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Village wants protections, not 'downzoning,' to accompany tech hub
News 6 hours ago
Village wants protections, not 'downzoning,' to accompany tech hub

To the editor: Facts be damned in Greg David’s bid to discredit any perspective other than “build baby build” on development plans in New York City...

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Council pushes green infrastructure at new developments
News 16 hours ago
Council pushes green infrastructure at new developments

The City Council plans to introduce a bill Wednesday mandating green roofs on certain new developments. Expect push-back from the real estate...

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Moinian's Sky one of first buildings to get revived tax break
News 17 hours ago
Moinian's Sky one of first buildings to get revived tax break

A 1,175-unit rental development on Manhattan's Far West Side is one of the first buildings to qualify for the revamped 421-a tax abatement, despite...

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Despite boom times for banks, Wall Street jobs are well off historic highs
News 17 hours ago
Despite boom times for banks, Wall Street jobs are well off historic highs

On Wall Street, happy times are truly here again. Firms such as JPMorgan Chase, Goldman Sachs and Morgan Stanley are reporting robust earnings and...

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City retail rents keep sliding with Fifth Avenue taking a beating
News 17 hours ago
City retail rents keep sliding with Fifth Avenue taking a beating

Retail rents are tumbling in Manhattan, especially in the toniest neighborhoods. In the area around the Plaza Hotel on Fifth Avenue, home to the...

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Airbnb is financing a user's lawsuit against the city
News 20 hours ago
Airbnb is financing a user's lawsuit against the city

Airbnb Inc. is taking a page from the Peter Thiel playbook. The home-rental company is providing financial support for a lawsuit brought by one of...

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Major state contractor stuffs Cuomo's campaign coffers
News 1 day ago
Major state contractor stuffs Cuomo's campaign coffers

Gov. Andrew Cuomo's infrastructure investments are paying off—for his campaign, at least. A Long Island-based state contractor gave the governor's...

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Airbnb bill's passage is imminent, but optics war continues
News 1 day ago
Airbnb bill's passage is imminent, but optics war continues

The hotel industry and allied unions are winning handily as the clock runs out Airbnb's effort to stop approval of their City Council bill, but...

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Latch deal with UPS opens new doors for home deliveries
News 1 day ago
Latch deal with UPS opens new doors for home deliveries

Latch, a Manhattan-based startup that builds app-based locking systems, has struck a deal with UPS that lets apartment dwellers who don't have a...

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City OKs controversial tower being built on oddly shaped lot
News 1 day ago
City OKs controversial tower being built on oddly shaped lot

The city's Board of Standards and Appeals ruled against opponents of a 668-foot apartment tower rising on the Upper West Side, bringing a more than...

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New York sues feds over loss of tax deductions
News 1 day ago
New York sues feds over loss of tax deductions

Gov. Andrew Cuomo and state Attorney General Barbara Underwood today filed a lawsuit against the federal government, alleging that part of the tax...

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Trump administration raises more red flags on Hudson River tunnel project
News 1 day ago
Trump administration raises more red flags on Hudson River tunnel project

There's no tunnel at the end of the light yet. That was the Federal Transit Administration head's message Monday about possible funding for a new...

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FreshDirect's new Bronx warehouse signals plans to fight Amazon
News 1 day ago
FreshDirect's new Bronx warehouse signals plans to fight Amazon

FreshDirect has figured out an important trick: how to make money delivering groceries. The company, which is expected to post revenue north of ...

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City reveals plan to invest $100M in freight infrastructure
News 2 days ago
City reveals plan to invest $100M in freight infrastructure

The city unveiled a plan Monday to invest up to $100 million in freight infrastructure, the opening step in Freight NYC, an initiative envisioned...

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Give life sciences space and watch it boom
News 3 days ago
Give life sciences space and watch it boom

With tech startups and the world’s best scientific and medical-research universities, New York City has long been at the crossroads of technology,...

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Union Square tech hubs pits neighborhood against a crucial city priority
News 3 days ago
Union Square tech hubs pits neighborhood against a crucial city priority

Army veteran Ameir Estban Stewart gets up at 6 every morning to catch the express bus from Staten Island to Bowling Green in Manhattan, where he...

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Councilman to push back on development with beefed up land-use staff
News 5 days ago
Councilman to push back on development with beefed up land-use staff

The City Council is getting closer to adding several land-use staffers as lawmakers push to take a more active role in shaping development in the...

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WeWork tells employees meat is permanently off the company menu
News 5 days ago
WeWork tells employees meat is permanently off the company menu

Co-working giant WeWork Cos. thinks it can save the environment quicker than Elon Musk. The startup has told its 6,000 global staff that they will...

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Remembering a pioneer of economic development—and a first-class mentor
News 6 days ago
Remembering a pioneer of economic development—and a first-class mentor

Almost 40 years ago, Elise Wager was the Commercial Department director for the fledgling and cumbersomely named Queens County Overall Economic...

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Two HIV/AIDS nonprofits plan merger to create affordable housing, more access to primary care
News 6 days ago
Two HIV/AIDS nonprofits plan merger to create affordable housing, more access to primary care

Brooklyn-based Housing Works, one of the nation's largest HIV/AIDS service organizations, is joining forces with East Harlem–based Bailey House,...

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New York Road Runners expands Midtown headquarters
News 6 days ago
New York Road Runners expands Midtown headquarters

The nonprofit group that oversees the New York City Marathon is expanding its headquarters near Central Park. The New York Road Runners, which...

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Tax-reform uncertainty puts drag on Brooklyn, Queens housing markets
News 6 days ago
Tax-reform uncertainty puts drag on Brooklyn, Queens housing markets

The Brooklyn and Queens housing markets slowed during the second quarter of the year as buyers likely delayed purchases to hash out how tax reform...

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Rents slip across city
News 6 days ago
Rents slip across city

The median Manhattan rent fell to $3,300 in June once landlord concessions were taken into account, according to a report released Thursday. That...

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New York area's largest construction firms
News 6 days ago
New York area's largest construction firms

J.T. MAGEN has been busy. Metro-area revenue at the 26-year-old company grew by 20.8% from 2016 to 2017, one of the biggest jumps on the latest...

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New Yorkers paying the price as scales tip against development
News 1 week ago
New Yorkers paying the price as scales tip against development

The game has been played in New York for years. Needing a zoning change to make a project viable, a developer requests more space than needed to...

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Related wins $2M in dispute with former overseas business partner
News 1 week ago
Related wins $2M in dispute with former overseas business partner

The Related Cos. was awarded $2 million in damages earlier this month in a case that stretches across international borders and sheds light on how...

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Garment District rezoning on track for approval by year's end
News 1 week ago
Garment District rezoning on track for approval by year's end

The city's plan to rezone the Garment District to allow for more commercial office space and fewer protections for manufacturing companies is set...

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City shares key details of zoned waste-collection plan
News 1 week ago
City shares key details of zoned waste-collection plan

The de Blasio administration revealed key details of its controversial plan to reshape commercial-waste collection to Crain's in advance of its...

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Trash haulers gain foothold in fight against commercial waste collection zones
News 1 week ago
Trash haulers gain foothold in fight against commercial waste collection zones

For the past few years, private carters have been losing ground in their quest to stop a sweeping plan to change the way commercial garbage is...

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Don't repair Housing Authority projects—replace them
News 1 week ago
Don't repair Housing Authority projects—replace them

New York City Housing Authority projects are based on a structurally flawed financial model that doesn’t work in practice. The latest reported...

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