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Moody's expert says city's economy will grow—but the pace will slow
News 1 week ago
Moody's expert says city's economy will grow—but the pace will slow

No one knows the city's economy better than Moody's senior economist Barbara Denham, who has studied its ups and downs for more than 20 years....

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Far from bleak on Bleecker Street
News 3 weeks ago
Far from bleak on Bleecker Street

Broad Street Development is set to open 40 Bleecker St. in the spring. Penthouses at the 61-unit luxury condominium are retailing for more than $10...

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Council bills seek to peel back the curtain on the housing lottery
News 4 weeks ago
Council bills seek to peel back the curtain on the housing lottery

The City Council wants Mayor Bill de Blasio's lottery numbers. The body voted Thursday for a pair of bills aimed at the selection process for the...

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Council OKs better pay for workers at subsidized developments
News 1 month ago
Council OKs better pay for workers at subsidized developments

The business of affordable housing is about to get more expensive. The City Council voted Thursday to obligate below-market housing developments...

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E-commerce has city's warehouse market booming as retail slows: report
News 1 month ago
E-commerce has city's warehouse market booming as retail slows: report

As Amazon and other e-commerce giants circle, warehouse space is booming in the five boroughs. Sales volume for industrial buildings is already up...

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To Expand Hudson River Park, Tow Pound May Finally Get Hauled Off the Waterfront
News 1 month ago
To Expand Hudson River Park, Tow Pound May Finally Get Hauled Off the Waterfront

Sign up for "THE CITY Scoop," our daily newsletter where we send you stories like this first thing in the morning. After decades on the West Side...

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Big-Time Builders Line Up for Shot at Prime Manhattan CUNY Property
News 1 month ago
Big-Time Builders Line Up for Shot at Prime Manhattan CUNY Property

Sign up for "THE CITY Scoop," our daily newsletter where we send you stories like this first thing in the morning. Some of the biggest developers...

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Housing construction—down nearly a third—not keeping up with job growth: report
News 1 month ago
Housing construction—down nearly a third—not keeping up with job growth: report

The city and its suburbs are adding jobs but job-seekers are running out of places to live. Residential construction has fallen behind the rate of...

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IBM searching for huge office, may drop WeWork
News 1 month ago
IBM searching for huge office, may drop WeWork

International Business Machines is seeking to join the growing list of large technology companies in search of office space in the city-and could...

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Taconic, Nuveen partner on major Hudson Square ground lease
News 1 month ago
Taconic, Nuveen partner on major Hudson Square ground lease

Real estate investment firms Taconic Investment Partners and Nuveen have partnered up to purchase a controlling interest in a downtown development...

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Wegmans Opens in Brooklyn; Fans Wait in the Rain, and Rejoice
News 1 month ago
Wegmans Opens in Brooklyn; Fans Wait in the Rain, and Rejoice

When Alexis Grafakos moved to a small town in western New York in 2013, she couldn't find empanada dough anywhere. One day while shopping in...

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Nordstrom preps for debut in world’s tallest residential skyscraper
News 1 month ago
Nordstrom preps for debut in world’s tallest residential skyscraper

The Nordstrom family this week is set to christen its newest store-albeit one that was a half-century in the making-at the bottom of a Manhattan...

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Winners and losers of WeWork's bailout
News 1 month ago
Winners and losers of WeWork's bailout

Four years ago public-relations executive Gillian Small set up shop in a WeWork near Penn Station. The office was only about 40 square feet and the...

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American Dream mall is a nightmare for New Jersey shopping centers
News 1 month ago
American Dream mall is a nightmare for New Jersey shopping centers

The malls of northern New Jersey, go-to destinations for shoppers from nearby New York City for more than half a century, are trying to find ways...

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Macy's makeover can begin with these four steps
News 2 months ago
Macy's makeover can begin with these four steps

Macy's Inc. is having a miserable year. With meager sales growth and a lackluster annual forecast, it is currently the worst-performing stock in...

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MLB to open Midtown retail store
News 2 months ago
MLB to open Midtown retail store

Major League Baseball is taking a swing at retail in Midtown Manhattan. The league said it will open a 17,000-square foot MLB Flagship store in...

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Construction begins at Google's Hudson Square campus
News 2 months ago
Construction begins at Google's Hudson Square campus

Construction at Google's planned new campus in Hudson Square has officially begun. The northern sections of the St. John's Terminal building have...

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Community group petitions Health Department to block Lenox Hill project
News 2 months ago
Community group petitions Health Department to block Lenox Hill project

The Committee to Protect Our Lenox Hill Neighborhood, a group of Upper East Side residents opposing Lenox Hill Hospital's planned $2 billion...

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Council eyes facial-recognition regulation
News 2 months ago
Council eyes facial-recognition regulation

The City Council is considering regulating the use of facial-recognition software by landlords and business owners following a year of controversy...

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Tenants sue FiDi landlord for allegedly overcharging on rent-stabilized units
News 2 months ago
Tenants sue FiDi landlord for allegedly overcharging on rent-stabilized units

The story of tenants who have allegedly been illegally overcharged for rent-stabilized units in New York City has repeated itself again. Two...

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Unlocking potential at Broadway Junction
News 2 months ago
Unlocking potential at Broadway Junction

An individual in Brooklyn owns this 2,877-square-foot, three-unit apartment building and an adjacent empty lot. The city's Economic Development...

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Barneys Finds a Potential Buyer in Bankruptcy Court
News 2 months ago
Barneys Finds a Potential Buyer in Bankruptcy Court

A group of fashion executives is preparing a roughly $220 million bid to take control of Barneys New York Inc., according to people familiar with...

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Brooklyn councilman again stymies Industry City rezoning
News 2 months ago
Brooklyn councilman again stymies Industry City rezoning

Decision? What decision? On Monday night, Brooklyn Councilman Carlos Menchaca announced that, after a fraught 6-month delay, he would allow a...

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Japanese real estate firm seeks to exit New York market
News 2 months ago
Japanese real estate firm seeks to exit New York market

The Japanese investment firm Unizo Holdings Co. is selling off the last vestiges of its New York City real estate portfolio and is looking to shed...

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Brooklyn councilman shouted down during Industry City announcement
News 2 months ago
Brooklyn councilman shouted down during Industry City announcement

Councilman Carlos Menchaca stated he would support a rezoning of Industry City on Monday evening, but he outlined a list of demands in exchange for...

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State Department: Rental application $20 cap applies to brokers
News 2 months ago
State Department: Rental application $20 cap applies to brokers

A cap on rental application fees does in fact apply to brokers and agents who match tenants with landlords, whether they like it or not. That's the...

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'Political' construction delays drive up housing costs, deputy mayor says
News 3 months ago
'Political' construction delays drive up housing costs, deputy mayor says

Politicians who fight construction in the name of combating gentrification are having the opposite effect-driving up building costs and cutting...

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Brooklyn pol to decide on Industry City rezoning Monday
News 3 months ago
Brooklyn pol to decide on Industry City rezoning Monday

Move over LeBron. Brooklyn Councilman Carlos Menchaca is about to announce his big decision. Menchaca said he will reveal next week whether he will...

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Mais oui: Neumann no longer charges WeWork for the word 'We'
News 3 months ago
Mais oui: Neumann no longer charges WeWork for the word 'We'

John Pierpont Morgan didn't charge the bank he started in 1871 for the right to use his name. Nor did Henry Ford when he launched his automobile...

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Real estate industry pushes back on proposed city water-bill database changes
News 3 months ago
Real estate industry pushes back on proposed city water-bill database changes

The real estate lobby is asking the city not to close the spigot on water-billing data that helps property owners identify errors and save money....

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