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City Council OKs $52M air-rights deal for Hudson River Park
News 8 months ago
City Council OKs $52M air-rights deal for Hudson River Park

The City Council on Thursday approved a rezoning and air-rights sale that will net the Hudson River Park Trust $52 million and allow the buyers to...

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Sutton Place neighborhood fights on against supertall condo
News 8 months ago
Sutton Place neighborhood fights on against supertall condo

A Manhattan neighborhood group is taking its battle against a 67-story condo tower to court. The East River 50s Alliance said it will challenge a...

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City backsliding on commercial waste recycling, group says
News 8 months ago
City backsliding on commercial waste recycling, group says

A group supporting a plan to radically revamp New York's commercial waste-collection industry has found that recycling has hit a wall, despite...

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Council to approve unusual renovation of Palace Theatre
News 8 months ago
Council to approve unusual renovation of Palace Theatre

The City Council today is set to approve a $2.4 billion hotel renovation that involves raising a landmarked theater 3 stories into the air. The...

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City to regulate stilts loophole by end of year
News 8 months ago
City to regulate stilts loophole by end of year

The city is on schedule to regulate so-called excessive mechanical voids by the end of the year, dealing a blow to developers who use a quirk in...

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Former mayoral candidate starts new brokerage
News 8 months ago
Former mayoral candidate starts new brokerage

Former GOP mayoral candidate Paul Massey announced Wednesday that he has co-founded the new investment sales brokerage B6 Real Estate Advisors....

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Battle over city's commercial waste plan heats up with new bill
News 8 months ago
Battle over city's commercial waste plan heats up with new bill

Mayor Bill de Blasio’s plan to radically change the way commercial trash is collected will encounter new opposition Thursday when two City Council...

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More signs of life at the seaport
News 8 months ago
More signs of life at the seaport

Almost 13 years have passed since the Fulton Fish Market—the largest seafood wholesaler in the United States—decamped for Hunts Point in the Bronx....

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Mayor's reform panel must stop unfair taxation of hotels
News 8 months ago
Mayor's reform panel must stop unfair taxation of hotels

Mayor Bill de Blasio recently unveiled a commission to make New York City’s outdated property tax system more straightforward, transparent and...

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Rent Guidelines Board leaves affordable-housing developers in a pinch
News 8 months ago
Rent Guidelines Board leaves affordable-housing developers in a pinch

The Rent Guidelines Board voted Tuesday to allow a 1.5% increase on one-year leases and 2.5% on two-year leases. The ruling applies to rent...

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Innovo planning state-of-the-art Bronx warehouse
News 8 months ago
Innovo planning state-of-the-art Bronx warehouse

The buyer of a $75 million, 20-acre development site in the Bronx plans to break ground early next year to raise a sprawling two-level warehouse...

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Upper West Side stalwart Laytner's Linen & Home to close
News 8 months ago
Upper West Side stalwart Laytner's Linen & Home to close

One of the oldest continuously operating family businesses on the Upper West Side has announced that it will soon close its doors for good. Laytner...

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Investors are piling in to condos at a record pace
News 8 months ago
Investors are piling in to condos at a record pace

At a new luxury-condo building in Brooklyn, one buyer told broker Ryan Serhant that she’d like three apartments: one for herself to live in, and...

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Landlord RXR Realty taps investors for a technology fund
News 8 months ago
Landlord RXR Realty taps investors for a technology fund

New York real estate firm RXR Realty has launched a fund dedicated to property-technology investing as tenants demand more high-tech services from...

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New kids on the block: blockchain companies
News 9 months ago
New kids on the block: blockchain companies

Bitcoin, the cryptocurrency that made blockchain a household word, has come and gone from news headlines. But companies using the decentralized...

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Flatiron District attracts athleticwear retailer Outdoor Voices
News 9 months ago
Flatiron District attracts athleticwear retailer Outdoor Voices

With fast-growing "athleisure" brand Outdoor Voices opening its second store in the city, on lower Fifth Avenue, the Flatiron District is cementing...

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Councilmen: Spare small homeowners from anti-Airbnb enforcement
News 9 months ago
Councilmen: Spare small homeowners from anti-Airbnb enforcement

A pair of City Council members asked the city Tuesday to stop targeting small homeowners who rent units out on websites such as Airbnb. The...

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City board approves Sutton Place tower, but the fight is far from over
News 9 months ago
City board approves Sutton Place tower, but the fight is far from over

The city's Board of Standards and Appeals approved plans for a luxury apartment tower in Sutton Place today. The project has gone through a...

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Consumers won't cut fossil-fuel use until the price goes up
News 9 months ago
Consumers won't cut fossil-fuel use until the price goes up

To the editor: Leaving aside, for the moment, the mayor’s unorthodox commuting habits, he happens to be right in attacking the producers of fossil...

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Tech sector needs BQX to reach potential in Brooklyn and Queens
News 9 months ago
Tech sector needs BQX to reach potential in Brooklyn and Queens

To the editor: Greg David was right on the mark to highlight the promise of the tech industry at the Brooklyn Navy Yard and throughout the borough ...

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Loft Law compromise comes too late for action in Albany
News 9 months ago
Loft Law compromise comes too late for action in Albany

Tenant advocates and landlords hashed out a compromise to amend the state's Loft Law, though the accord did not find enough support in Albany...

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Delays in Parks Department construction add millions in unnecessary costs, report says
News 9 months ago
Delays in Parks Department construction add millions in unnecessary costs, report says

Many Department of Parks and Recreation construction projects run behind schedule and over budget, according to a recent audit from city...

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Cuomo OKs bill paving way for rail link to LaGuardia
News 9 months ago
Cuomo OKs bill paving way for rail link to LaGuardia

New York Gov. Andrew Cuomo has signed legislation that paves the way for the construction of a rail line that will let train passengers travel...

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Tales from Toy Land: 'Flat is the new up'
News 9 months ago
Tales from Toy Land: 'Flat is the new up'

Unlike toy-makers fretting over the loss of a major retail customer, the owner of West Side Kids just shrugs. Read the full Tales of Toy Land...

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NYC's school zone speed-camera program set to expire
News 9 months ago
NYC's school zone speed-camera program set to expire

Children's lives will be in danger because the Republican-led state Senate failed to pass legislation extending the use of speed cameras near city...

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New Jersey megamall yields big win to bondholders chasing risk
News 9 months ago
New Jersey megamall yields big win to bondholders chasing risk

A year ago, about $1.1 billion of tax-exempt bonds were sold to finish the American Dream complex in New Jersey’s Meadowlands, a project that’s a...

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Airbnb questions hotel union's campaign contributions to City Council members
News 9 months ago
Airbnb questions hotel union's campaign contributions to City Council members

City Council members who support legislation to regulate home sharing accepted tens of thousands of dollars in campaign contributions from a...

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Cushman & Wakefield's IPO would help pay its bills
News 9 months ago
Cushman & Wakefield's IPO would help pay its bills

One of the best things about the commercial real estate business is that the mortgage almost never comes due. At least for developers and landlords...

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Building Trades Employers' Association CEO pushes for more competition
News 9 months ago
Building Trades Employers' Association CEO pushes for more competition

The Building Trades Employers' Association represents 27 industry associations and 1,100 contractors who employ tens of thousands of unionized...

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Business district finds most of its trash could be put to good use
News 9 months ago
Business district finds most of its trash could be put to good use

One of the city's biggest business improvement districts aims to stop feeding garbage dumps. The Union Square Partnership expects to roll out a...

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