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Financial firm re-ups on Park Ave.
News 10 months ago
Financial firm re-ups on Park Ave.

After losing two of its largest tenants, the owner of a 44-story office tower on Park Avenue has reached a deal to hold onto a major financial firm...

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Fixing a massive NYC plumbing leak, 55 stories underground
News 10 months ago
Fixing a massive NYC plumbing leak, 55 stories underground

New York City is in the midst of a plumbing repair job of monumental proportions. Hard-hat workers are toiling deep underground, 55 stories beneath...

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Why can't Staten Island do what Seattle and Portland did?
News 10 months ago
Why can't Staten Island do what Seattle and Portland did?

Staten Island serves as a critical link in the southern ring of the regional transportation system by connecting New Jersey, Brooklyn, Queens and...

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Commercial landlords missing out on big bucks
News 10 months ago
Commercial landlords missing out on big bucks

Co-working company Industrious leases space in a Union Square office building for $67 per square foot, then charges end users $320 per square foot,...

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Airbnb loses ally in clash with City Council
News 10 months ago
Airbnb loses ally in clash with City Council

For Airbnb customers, there's no sleep in Brooklyn. Brooklyn Borough President Eric Adams, one of the few prominent elected officials aligned with...

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Hospital for Special Surgery to open clinic in Hudson Yards
News 10 months ago
Hospital for Special Surgery to open clinic in Hudson Yards

Hospital for Special Surgery will open a 15,000- square-foot clinic at 35 Hudson Yards next year as it seeks to attract patients from among the...

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More warehouse space hits market near Navy Yard
News 10 months ago
More warehouse space hits market near Navy Yard

The investment firm that purchased a warehouse next to the Brooklyn Navy Yard with a plan to convert it into creative office space has decided...

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Pol: Chop height of 900-foot tower proposed for Downtown Brooklyn
News 10 months ago
Pol: Chop height of 900-foot tower proposed for Downtown Brooklyn

Brooklyn Borough President Eric Adams recommended reducing the size of a mixed-use project being proposed across the street from a massive transit...

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New player betting 
taxis have hit bottom
News 10 months ago
New player betting 
taxis have hit bottom

This town may have a new “Taxi King,” or at least one in the making. But nobody really knows the potential potentate’s identity or business plan,...

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More Brooklynites than ever are working, but they still struggle to afford housing
News 10 months ago
More Brooklynites than ever are working, but they still struggle to afford housing

Brooklyn has added jobs at a robust clip since the Great Recession, and the unemployment rate has fallen to the lowest level since 1990, according...

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Crain's 5 coolest offices in New York 2018
News 10 months ago
Crain's 5 coolest offices in New York 2018

For the first time, Crain's New York is highlighting a handful of the coolest offices in New York City. Editors combed through dozens of...

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Rich looking to dodge property tax caps turn to Alaskan trusts
News 10 months ago
Rich looking to dodge property tax caps turn to Alaskan trusts

Jonathan Blattmachr, an estate planning lawyer, is such a fan of the strategy he’s created to help some of his wealthy clients get around the new...

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No, anti-Airbnb laws won't tarnish city's tech reputation
News 10 months ago
No, anti-Airbnb laws won't tarnish city's tech reputation

Earlier this month, Tech:NYC executive director Julie Samuels argued in Crain’s that the city’s hostility to Airbnb could send a message that New...

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How I learned to love the MTA
News 10 months ago
How I learned to love the MTA

“Ladies and gentlemen, we are experiencing train traffic ahead of us.” This has become a frustratingly common refrain on the New York City subway....

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Lower East Side co-op owners nix air-rights deal
News 10 months ago
Lower East Side co-op owners nix air-rights deal

A deal to sell $54 million of air rights on the Lower East Side to clear the way for a pair of condo towers was rejected by the co-op that...

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Times Square Mexican restaurant to close, lay off 134 employees
News 10 months ago
Times Square Mexican restaurant to close, lay off 134 employees

Chevys Fresh Mex, a Times Square casual Mexican restaurant, will close and lay off all of its 134 employees in September, according to a Worker...

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City seeks to dismiss property-tax lawsuit by civil rights and real estate groups
News 10 months ago
City seeks to dismiss property-tax lawsuit by civil rights and real estate groups

Nothing's certain but court and taxes. The city and an unlikely alliance of civil rights advocacy groups and real estate power players will face...

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New Brooklyn Navy Yard project to add 700 more jobs
News 10 months ago
New Brooklyn Navy Yard project to add 700 more jobs

The Brooklyn Navy Yard is exercising an option to build ground-up office and light-manufacturing space atop a parking garage being constructed as...

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Bill would reimburse business owners for awning fines
News 10 months ago
Bill would reimburse business owners for awning fines

Call it a sign of the times. The City Council is weighing a proposal that would wipe out business owners' fines for awning violations in the past...

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Glaring omission from commission on property-tax reform
News 10 months ago
Glaring omission from commission on property-tax reform

New York City’s notorious property tax system is a sham and desperately in need of a fix. The mayor, city comptroller, Department of Finance...

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Airbnb counters Stringer's study claiming home-sharing site drove up rent
News 10 months ago
Airbnb counters Stringer's study claiming home-sharing site drove up rent

City Comptroller Scott Stringer used a standard methodology in a study last month showing Airbnb drove up New York City rents, according to experts...

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Female founders keep co-working juggernauts at arm's length
News 10 months ago
Female founders keep co-working juggernauts at arm's length

Female founders discussed the difficulty of managing the real estate needs of fast-growing startups, among other topics, at a panel hosted by Crain...

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City's surrender on public housing probe puts politicians in the spin cycle
News 10 months ago
City's surrender on public housing probe puts politicians in the spin cycle

What should New Yorkers make of the Housing Authority settlement? For years the city has blamed federal disinvestment for for the sorry state of...

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Extell's shopping spree points to big plans for Yorkville
News 10 months ago
Extell's shopping spree points to big plans for Yorkville

At the height of the last real estate boom in 2007, Extell Development Co. bought three small apartment buildings between East 79th and East 80th...

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Some extra spending, but no property-tax relief in city budget
News 10 months ago
Some extra spending, but no property-tax relief in city budget

Don’t bother checking the mailbox. A City Council proposal to grant a $400 rebate to all homeowners earning less than $150,000 failed to make it...

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De Blasio pushes Cuomo for help on Housing Authority deal
News 10 months ago
De Blasio pushes Cuomo for help on Housing Authority deal

The New York City Housing Authority is about to find itself in a tug-of-war between Mayor Bill de Blasio, Gov. Andrew Cuomo and the federal...

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Wall Street is awash in subleases, a bad sign for landlords
News 10 months ago
Wall Street is awash in subleases, a bad sign for landlords

When the Murdoch media empire abandoned plans to move from midtown Manhattan to the World Trade Center two years ago, developer Larry Silverstein...

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Accused of neglect, NYC to spend $2B on public housing
News 10 months ago
Accused of neglect, NYC to spend $2B on public housing

New York City will likely pay $2 billion to settle claims that the nation's largest public housing agency has too often left tenants to contend...

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Lower East Side co-op weighs value of views
News 10 months ago
Lower East Side co-op weighs value of views

A large Lower East Side co-op complex has become the latest flash point in the debate over density, development and gentrification. The once-sleepy...

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Crain's 5 coolest offices in New York 2018
News 10 months ago
Crain's 5 coolest offices in New York 2018

For the first time, Crain's New York is highlighting a handful of the coolest offices in New York City. Editors combed through dozens of...

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