Former Smith & Wollensky owner sells Park Ave. pad for $4.4M

CrainsNewYork.com (Media & Entertainment) 4/11 8:07A Lilah Burke

A city restaurateur is leaving the Upper East Side. Former Smith & Wollensky owner Fortunato “Nick” Valenti has sold his Park Avenue apartment for $4.4 million, nearly 30% less than what he was initially asking.  Valenti and his wife, Linda,...

City Ballet conductor orchestrates nearly $6M sale of Central Park West home

CrainsNewYork.com (Hospitality and Tourism) 4/10 7:44A C. J. Hughes

Andrew Litton, the musical director of the New York City Ballet, has passed the baton when it comes to his Central Park West apartment. The globally-prominent conductor has sold a three-bedroom, three-bath co-op at West 69th Street, near the...

Top contractor sues luxury developer over alleged wage nonpayment

CrainsNewYork.com (Media & Entertainment) 4/9 8:18A C. J. Hughes

A top general contractor has locked horns with one of the city’s best-known high-end developers. Leeding Builders Group, an affiliate of construction juggernaut AECOM Tishman, has sued condo builder Naftali Group for allegedly refusing to pay...

New Yorkers are lining up to eat in the city’s smallest dining rooms

CrainsNewYork.com (Media & Entertainment) 4/9 6:25A Andrea Strong, Bloomberg

2025 was supposed to be the year of the maximalist restaurant in New York City. Buzz as big as the arena-size spaces heralded the openings of spots such as Crane Club, La Tête d’Or and Time & Tide. Instead, it’s the city’s tiny dining rooms that...

Upper East Side co-op seeks record-territory sale price amid market turmoil

CrainsNewYork.com (Arts) 4/4 8:20A C. J. Hughes

The stock market may be tanking, but on the Upper East Side, a neighborhood with deep ties to Wall Street, a seller is betting there’s still a taker for a pricey co-op. Russell Wiese, a marketing executive with money management firm Davis...

Celeb hangout Nello relocating from the Upper East Side to an SL Green tower in Midtown

CrainsNewYork.com (Hospitality and Tourism) 4/4 12:33A C. J. Hughes

SL Green Realty has snagged a celebrity hot spot for a Midtown tower. Nello, which shuttered its Upper East Side location last year after allegedly being on the hook for millions in back rent and utility bills, will relocate to a retail berth at...

Upper East Side corner lot to get 34-story residential tower

CrainsNewYork.com (Hospitality and Tourism) 4/3 7:51A Julianne Cuba

A 34-story residential building is poised to replace a corner lot on the Upper East Side now occupied by several low-slung properties, records show. Midtown-based Skyline Developers , which was started by Orin Wilf in 1999, filed permits with the...

Ex-Viacom CEO seeks $37M for Upper East Side mansion

CrainsNewYork.com (Arts) 4/1 8:32A Lilah Burke

A former media executive is parting ways with an old-school home after 30 years. Ex-Viacom CEO Philippe Dauman has listed his 4-story, red-brick mansion on East 65th Street for $37 million. Dauman bought the seven-bedroom, Neo Federal property...

Weill Family Foundation donates $50M for new cancer research hub

CrainsNewYork.com (Hospitality and Tourism) 3/27 4:35A Amanda D Ambrosio

Former Citigroup CEO Sandy Weill has donated $50 million to launch a cancer research hub focusing on how diet and metabolism affect patients’ reactions to cancer treatments, he announced Thursday. The Weill Cancer Hub East – a partnership between...

Bookstore ends brief chapter on the Upper West Side

CrainsNewYork.com (Media & Entertainment) 3/27 1:03A C. J. Hughes

Change seems to come naturally to some areas. Gentrifying post-industrial swaths of Brooklyn and Queens, perhaps, are used to blocks that morph in quick time. But differences may be harder to swallow in more established neighborhoods, such as the...

Judge appoints receiver for Chetrit-owned apartment complex in Queens

CrainsNewYork.com (Media & Entertainment) 3/26 7:28A Aaron Elstein

A federal judge appointed a receiver to manage two market-rate apartment buildings in Queens after their owner, Meyer Chetrit, fell behind on nearly $2 million in utility bills and risks putting thousands of residents in the dark. The appointment...

Avdoo & Partners in contract to buy Hudson Square office building

CrainsNewYork.com (Media & Entertainment) 3/25 8:41A Julianne Cuba

A Hudson Square office building is in contract to be scooped up by Midtown-based real estate firm Avdoo & Partners, records show. Shlomi Avdoo , founder and CEO of the 10-year-old company, signed the March 21 memorandum of contract to acquire the...

At a Glance: March 25

CrainsNewYork.com (Media & Entertainment) 3/25 12:33A Amanda D Ambrosio, Ethan Geringe

FEDERAL BUDGET CUTS: New York could lose 82,000 health and social services jobs next year if the federal government passes large-scale cuts to Medicaid and the Supplemental Nutrition Assistance Program, according to a new estimate from the...

Celebrity chef Daniel Boulud keeps striving to stay relevant in the city’s restaurant scene

CrainsNewYork.com (Media & Entertainment) 3/24 1:03A Eddie Small

Acclaimed chef Daniel Boulud's career in the restaurant industry has spanned decades and encompassed everything from getting a portrait of himself in a Second Avenue subway station to making a cameo on the hit television show "The Bear." And it...

Historic FiDi office building sells for $20M

CrainsNewYork.com (Hospitality and Tourism) 3/21 1:03A Julianne Cuba

A historic FiDi office building has been sold to a Miami-based investment firm that has scooped up other troubled properties in the city, records show. Rialto Capital Advisors, on behalf of the lender Wilmington Trust, acquired the 5-story...