Sephora lands huge rent reduction at Midtown store

CrainsNewYork.com (Real Estate) 7/26 8:19A Aaron Elstein

Sephora just scored a huge discount on its rent for a Madison Avenue store. The chain rated one of teens’ favorite beauty retailers last year is now paying $156 a square foot for space at 520 Madison Ave., a steep 66% markdown from its old lease...

Mount Sinai spent $72K on lobbyists in Beth Israel closing push

CrainsNewYork.com (Real Estate) 7/22 12:33A Amanda D Ambrosio

Mount Sinai has spent at least $72,000 in the last year to lobby state health officials about its plans to address financial shortfalls at and ultimately close the doors of Beth Israel Hospital as it struggles to get the nod from regulators to do...

At a Glance: July 19

CrainsNewYork.com (Real Estate) 7/19 12:33A Ethan Geringer-Sameth, Amanda D

JUSTICE CENTER: Staten Island received a $5 million allocation in the city budget to build its first community justice center, Mayor Eric Adams said on Thursday. The Staten Island Community Justice Center, designed by the nonprofit Center for...

Deals of the Day: July 15

CrainsNewYork.com (Real Estate) 7/15 7:46A Eddie Small, C. J. Hughes, Julia

Leases Luxury clothing brand moving Upper East Side store Address: 956 Madison Ave., Manhattan Landlord: 925 Madison Avenue Inc. Tenant: L'Agence Lease size: 3,300 square feet Lease length: 10 years Asset type: Retail Brokers: Dallimore & Co.'s...

At a Glance: July 15

CrainsNewYork.com (Real Estate) 7/15 12:33A Amanda D Ambrosio

STORY UPDATE: This story , published on July 12, has been updated with additional information about the city’s investments and efforts to publicize the 988 mental health crisis line. MEASLES DETECTED: Two adults living at a migrant shelter in...

SoHo power plant turned luxury townhouse lists for $39M

CrainsNewYork.com (Real Estate) 7/12 10:36A C. J. Hughes

One of the city’s more electrifying homes — a townhouse tucked inside an early 20th-century power plant — is hoping to connect with a buyer. The 5-story, single-family dwelling at 214 Lafayette St. in SoHo hit the market Friday morning. The...

At a Glance: July 11

CrainsNewYork.com (Real Estate) 7/11 12:33A Amanda D Ambrosio

TB TREATMENTS: A research team co-led by Weill Cornell Medicine received a five-year, $31 million grant from the National Institutes of Health to develop new treatments for tuberculosis, the institution announced Wednesday. The federal government...

The 18 best pasta dishes in New York City, picked by top chefs

CrainsNewYork.com (Real Estate) 7/10 1:03A Kate Krader, Bloomberg

The dog days of summer conjure daydreams of ice cream, picnics, barbecues?…?and heaping plates of hearty pasta? “I used to think I needed to make the pastas lighter in summer,” says Andrew Carmellini, who serves notable noodles at Locanda Verde,...

A Sackler finds a buyer for her Upper East Side penthouse

CrainsNewYork.com (Real Estate) 7/9 7:07A C. J. Hughes

Elizabeth Sackler, a member of the family that created the opioid-crisis-fueling OxyContin, even though Sackler herself has condemned her relatives’ “morally abhorrent” business, has found a buyer for her uptown home. Sackler, an arts advocate, is...

Editorial: Every neighborhood must do its part to create more housing

CrainsNewYork.com (Real Estate) 7/1 1:03A The editors

There are some sentiments that New Yorkers consider to be universal truths: We have the best pizza. And we need more places to live that are actually affordable. But even as residents feel comfortable saying these things, not everyone truly stands...

TPG chief buys uptown co-op as firm plans downtown conversion project

CrainsNewYork.com (Real Estate) 6/28 8:22A C. J. Hughes

Private equity bigwig Jim Coulter has had a busy month. On June 20 the billionaire co-founder of the buyout firm TPG closed on an Upper East Side co-op for $36 million, according to the city register. The next day his Texas-based company plunked...

The behind-the-scenes battle over a Trader Joe’s site under the Queensboro Bridge

CrainsNewYork.com (Real Estate) 6/27 10:34A C. J. Hughes

Trader Joe’s frozen dinners are known for being easy to heat up. But tensions in a behind-the-scenes battle involving the supermarket’s site under the Ed Koch-Queensboro Bridge may not thaw anytime soon. The fight pits Christine Gordon, the wife...

Bronx sees brunt of housing production as Lower Manhattan lags

CrainsNewYork.com (Real Estate) 6/27 7:51A Eddie Small, Nick Garber

Distributing affordable housing projects fairly throughout the five boroughs and not building enough homes in general remain two glaring problems for the city, according to a pair of recently released studies. The city produced 14,227 new units...

One in four New York hospitals earn top marks for social responsibility

CrainsNewYork.com (Real Estate) 6/26 12:33A Amanda D Ambrosio

Roughly one-quarter of acute care hospitals in New York earned the top grade for social responsibility, down slightly from the proportion of hospitals that earned the mark last year , a new report shows. Of the 128 acute care hospitals ranked in...

BlackRock sells Upper East Side apartment building for $75M

CrainsNewYork.com (Real Estate) 6/24 8:18A Eddie Small

Investment giant BlackRock has sold an Upper East Side apartment building at what appears to be a slight loss despite the city's red-hot rental market. Farallon Capital Management and Hal Fetner's Fetner Properties have purchased 85 East End...