Long Island City development site trades hands for $47M

CrainsNewYork.com (Retail & Apparel) 4/23 7:22A Eddie Small

A Long Island City development site once planned to include more than 200 residential units has traded hands for $47 million. ZD Jasper Realty has purchased 45-40 Vernon Blvd., located by the Anable Basin in the Queens neighborhood, from a joint...

Luxury firm Legion strikes again with an $87 million purchase in West Chelsea

CrainsNewYork.com (Retail & Apparel) 4/18 7:33A C. J. Hughes

Legion Investment Group has landed another one. The luxury developer that splashed onto the Manhattan scene during the pandemic with the hit condo 109 E. 79th St. has picked up a huge parcel in West Chelsea amid a flurry of activity for the firm....

New York outperforms most states in health equity, but gaps remain dismal

CrainsNewYork.com (Retail & Apparel) 4/18 12:33A Jacqueline Neber

New York fares better than other states when it comes to addressing racial disparities in health care, but large gaps still exist within minority groups, according to a new health care equity report released by the Commonwealth Fund today. The...

Beloved UES market expanding to Long Island City this winter

CrainsNewYork.com (Retail & Apparel) 4/16 9:55A Julianne Cuba

An owner behind the Upper East Side's popular Butterfield Market teased the Manhattan mainstay's arrival to a new luxury mixed-use building in Queens at a breakfast hosted by the Long Island Partnership on Tuesday morning. "This is our first move...

Start-up synagogue pays $35M for former health services site on Upper East Side

CrainsNewYork.com (Retail & Apparel) 4/16 8:58A C. J. Hughes

An upstart synagogue is poised to take over a former health services site on the Upper East Side for its first permanent home. The three-year-old Altneu congregation has purchased 107 E. 70th St. for $34.5 million, according to a deed that...

Rising chemo treatments, surgeries drive revenue growth at Memorial Sloan Kettering

CrainsNewYork.com (Retail & Apparel) 4/16 12:33A Amanda D Ambrosio

Memorial Sloan Kettering Cancer Center posted more than $164 million in operating income last quarter, marking a recovery from last year’s losses due to increases in revenues from outpatient treatments, chemotherapy and surgeries. The Upper East...

Northwell forks over $1M to settle Covid test scam allegations

CrainsNewYork.com (Retail & Apparel) 4/15 12:33A Amanda D Ambrosio

Northwell Health has agreed to hand over $1 million to resolve claims that it deceived New Yorkers into overpaying for Covid-19 tests at the height of the pandemic. The settlement, announced by Attorney General Letitia James on Friday, resolves...

Fizzled flip at UES luxury condo a sign of residential market's challenges

CrainsNewYork.com (Retail & Apparel) 4/12 8:26A C. J. Hughes

An attempt for a quick and profitable flip at a fancy Upper East Side condo appears to have fallen victim to the current interest-rate environment. A seller at the Benson, a 15-unit development at 1045 Madison Ave. that surprised many with its...

Deals of the Day: April 12

CrainsNewYork.com (Retail & Apparel) 4/12 7:28A Julianne Cuba, C. J. Hughes, Edd

Leases Largest office landlord nabs more Midtown leases Address: 461 Fifth Ave., Manhattan Landlord: SL Green Realty Corp. Tenant: Certified Moving & Storage Co. Lease size: 11,232 square feet Lease length: 15 years Asset type: Office Brokers:...

Billionaire shampoo honcho cleans up with $20M sale of Upper East Side townhouse

CrainsNewYork.com (Retail & Apparel) 4/11 8:45A C. J. Hughes

The billionaire head of a soap and shampoo company appears to have cleaned up with the sale of his uptown townhouse. Glenn Nussdorf, chief executive officer of Long Island’s Quality King Distributors, has found a taker for 14 E. 81st St., a...

Empire State Building owners buy out Fetner in 2 Manhattan buildings

CrainsNewYork.com (Retail & Apparel) 4/1 6:42A Nick Garber

Hal Fetner is giving up his remaining stake in two Manhattan apartment buildings in order to focus on other projects in Queens and the Upper West Side. Empire State Realty Trust, the Malkin family -owned firm that controls the iconic Midtown...

Luxury developer’s maneuverings to amass a Gramercy Park site reveal how the game is played

CrainsNewYork.com (Retail & Apparel) 3/20 1:03A C. J. Hughes

A bigger development site can produce greater profits. But how exactly developers stitch together those parcels, a process that can make or break projects, often plays out privately. However, an unusual amount of transparency has surrounded the...

Manhattan's Community Board 5 leadership steps aside after boardroom brawl

CrainsNewYork.com (Retail & Apparel) 3/15 11:02A Aaron Elstein

Community Board 5 has undergone a major shake-up in what appears to be a coordinated effort to loosen land-use rules within several community boards citywide. Community Board 5 represents the interests of Midtown neighborhoods and has a seat at...

City may redesign controversial 5G towers after backlash, Adams official says

CrainsNewYork.com (Retail & Apparel) 3/11 7:06A Nick Garber

Mayor Eric Adams’ administration may redesign the 32-foot 5G transmitting towers whose installation across the city has sparked backlash in multiple neighborhoods for their sheer size, a City Hall official said Friday. Since 2022, the city has...

Luxury developer acquires Gramercy parcels for expected condo project

CrainsNewYork.com (Retail & Apparel) 3/8 8:08A C. J. Hughes

A luxury developer popular with the Wall Street crowd has taken major steps toward a new condo project near Gramercy Park. Legion Investment Group closed this week on four properties on Third Avenue between East 20th and East 21st streets. At the...