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Which workers are covered by the Families First Coronavirus Response Act
News 3 days ago
Which workers are covered by the Families First Coronavirus Response Act

The Families First Coronavirus Emergency Response Act passed the Senate on March 18, and was signed into law by President Trump. The "phase 2" bill...

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Costco Employees Are Testing Positive For The Coronavirus And Their Co-Workers Say Managers Aren't Being Transparent
News 4 days ago
Costco Employees Are Testing Positive For The Coronavirus And Their Co-Workers Say Managers Aren't Being Transparent

Workers at Costco warehouses across the US have been testing positive for COVID-19, according to bulletins seen by BuzzFeed News, and their...

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Shadow banks, now too big to fail, seek government assistance
News 5 days ago
Shadow banks, now too big to fail, seek government assistance

"Shadow banking," a private debt market in which lenders and borrowers aren't regulated as banks are, may sound like one of those terms designed to...

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$150M Apollo development loan suffers default in Downtown Brooklyn
News 5 days ago
$150M Apollo development loan suffers default in Downtown Brooklyn

A Downtown Brooklyn development site has fallen into default on its mortgage, raising questions whether the property's specialty lender will suffer...

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City arts community needs a 'Marshall Plan'
News 5 days ago
City arts community needs a 'Marshall Plan'

Is it time to consider a cultural Marshall Plan to rescue and restore the financial health of the city's arts community? Several major charitable...

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Two REITs can't meet margin calls
News 6 days ago
Two REITs can't meet margin calls

Real estate investment trust Invesco Mortgage Capital was unable to meet a margin call from lenders, the latest sign of distress in a commercial...

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City officials say $8B in security deposits should be liquidated to pay rents
News 6 days ago
City officials say $8B in security deposits should be liquidated to pay rents

A group of city officials is proposing that renters be allowed to liquidate their security deposits to pay next month's rent, which is due in just...

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Controversial East Village school owner offers building for triage
News 1 week ago
Controversial East Village school owner offers building for triage

Controversial landlord Gregg Singer has offered to donate the derelict former public school he owns in the East Village as a potential location for...

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Hunts Point Market Suppliers Reeling From Restaurant Falloff
News 1 week ago
Hunts Point Market Suppliers Reeling From Restaurant Falloff

Want to know more about coronavirus in New York? Sign up for our daily morning newsletter. Struggling restaurants across the city are trying to...

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Eating out might never be the same
News 1 week ago
Eating out might never be the same

Crain's has lifted the pay wall on all coronavirus coverage. Support our journalism: Please subscribe. Sign up for our daily newsletter rounding up...

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Rivington House, site at center of City Hall controversy, could house emergency hospital beds for Covid-19
News 1 week ago
Rivington House, site at center of City Hall controversy, could house emergency hospital beds for Covid-19

Rivington House, a former HIV/AIDS nursing home in Manhattan that was the focal point of a controversial real estate deal, is available to serve as...

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City's real estate industry joins growing chorus seeking coronavirus relief plan
News 1 week ago
City's real estate industry joins growing chorus seeking coronavirus relief plan

The city's real estate industry is joining a chorus of business groups calling on government to suspend taxes and fees and extend further relief to...

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How to define gentrification
News 2 weeks ago
How to define gentrification

One of the biggest problems with gentrification: No one can agree on what it means. It's a definition even dictionaries clash over. The Oxford...

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Blackstone in $6B deal to buy dorms from Goldman
News 1 month ago
Blackstone in $6B deal to buy dorms from Goldman

Blackstone Group Inc. agreed to buy the iQ Student Accommodation business from Goldman Sachs Group Inc. and the Wellcome Trust in the largest-ever...

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Eviction Drop Fuels Push to Expand Free Housing Help for Low-Income NYC Tenants
News 1 month ago
Eviction Drop Fuels Push to Expand Free Housing Help for Low-Income NYC Tenants

Sign up for "THE CITY Scoop," our daily newsletter where we send you stories like this first thing in the morning. Evictions dropped by nearly 20%...

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Some worry if New York's coming plastic bag ban is enough
News 1 month ago
Some worry if New York's coming plastic bag ban is enough

ALBANY, N. Y. (AP) - New York retailers have begun giving up single-use plastic bags as the state prepares for the March 1 implementation of a ban...

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Prospect Lefferts Gardens high-rise draws tenants with Manhattan-style amenities
News 1 month ago
Prospect Lefferts Gardens high-rise draws tenants with Manhattan-style amenities

At 26 stories and 318 feet, the recently opened apartment tower at 123 Linden Blvd. looms large over its slice of Brooklyn. Few buildings in the...

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NYCHA scores $1.5 billion deal to privatize nearly 6K apartments in Brooklyn and Manhattan
News 1 month ago
NYCHA scores $1.5 billion deal to privatize nearly 6K 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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Savanna buys 1375 Broadway for $430 million
News 1 month ago
Savanna buys 1375 Broadway for $430 million

Prolific real estate investment firm Savanna is buying the office building 1375 Broadway from Westbrook Partners for $435 million, several sources...

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U.K. fintech firm Curve will land in Brooklyn
News 1 month ago
U.K. fintech firm Curve will land in Brooklyn

Curve, a growing U. K. financial technology firm, will launch its first U.S. office in Downtown Brooklyn, with the help of state and city tax...

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Walgreens to add LabCorp services in NY stores this year
News 1 month ago
Walgreens to add LabCorp services in NY stores this year

Walgreens is planning to add LabCorp services to 15 of its drugstores in metropolitan New York area later this year as the pharmacy looks to...

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Neighbors rack up wins against controversial development projects
News 1 month ago
Neighbors rack up wins against controversial development projects

Bushwick. Inwood. Two Bridges. They are invoked by protesters across New York City, regarded as the front lines in a battle against what some...

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It's getting more expensive to rent in the New York metro area
News 2 months ago
It's getting more expensive to rent in the New York metro area

For years, some New Yorkers have found financial relief by renting outside the five boroughs, but now, the New York metro area is seeing asking...

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Apartment building sales plunge after new rent law dents values
News 2 months ago
Apartment building sales plunge after new rent law dents values

Sales of New York City apartment buildings tumbled to near-decade lows last year, after new rent rules scared investors away from properties with...

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Department stores are betting on booze to boost retail
News 2 months ago
Department stores are betting on booze to boost retail

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

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Coca-Cola building purchase led property sales in flat market
News 2 months ago
Coca-Cola building purchase led property sales in flat market

For yearlong access to lists assembled by Crain's New York Business, please log in or subscribe for a data membership. The Coca-Cola Building was...

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De Blasio’s ‘mandatory inclusionary housing’ requirement falling short, report finds
News 2 months ago
De Blasio’s ‘mandatory inclusionary housing’ requirement falling short, report finds

The de Blasio administration's mandatory inclusionary housing mechanism became law in 2016. When the mayor ran for president last year, it was one...

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American Eagle's flagship Times Square store seeks new tenant
News 2 months ago
American Eagle's flagship Times Square store seeks new tenant

The search is on for a tenant at a Times Square building that is home to American Eagle Outfitters Inc.'s mega-flagship store. Real estate brokers...

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Murals brighten construction sites and improve community relations
News 2 months ago
Murals brighten construction sites and improve community relations

In considering how a project will benefit a neighborhood, New York City developers often take steps to mitigate disruption during construction. A...

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Tenants hit 'worst landlord' with $2M suit for rent overcharges
News 2 months ago
Tenants hit 'worst landlord' with $2M suit for rent overcharges

A group of rent-stabilized tenants in Crown Heights hit one of the city's 'worst landlords' with a $2 million suit, claiming they were overcharged...

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