Upper East Side condo project at former Papaya King site secures $73M loan

CrainsNewYork.com (Education) 8/25 6:50A Eddie Small

The plan to turn a longtime Papaya King site on the Upper East Side into luxury condos just got a $73 million boost. Busy developer ZD Jasper has secured the $73 million construction loan for its project at 171 E. 86th St. from real estate...

Industry City honcho picks up Carnegie Hill co-op for $8.5 million

CrainsNewYork.com (Education) 8/22 8:27A C. J. Hughes

An executive with the ownership group behind Industry City has snagged a co-op on Carnegie Hill. Frank Stadelmaier, the chief operating officer of TPG Angelo Gordon, and his wife, Allison, have purchased a five-bedroom co-op on Park Avenue for...

Brooklyn developer planning pair of Manhattan condo projects

CrainsNewYork.com (Education) 8/21 12:33A Eddie Small

A Gravesend-based developer is planning to bring a pair of new luxury condo projects to Manhattan, including one that would rise on the site of the former Upper East Side carriage house of a JPMorgan executive from the early 20th century. The...

Memorial Sloan Kettering falls into the red amid electronic health record rollout

CrainsNewYork.com (Education) 8/19 12:33A Amanda D Ambrosio

Cancer hospital Memorial Sloan Kettering dipped into the red last quarter as its new electronic health record platform caused costs to skyrocket, its latest financial statement shows. The Upper East Side-based oncology center lost $44 million...

City Council gives its final OK so Lenox Hill Hospital can build new tower

CrainsNewYork.com (Education) 8/14 11:49A Ethan Geringer-Sameth

The New York City Council on Thursday approved a rezoning of part of the Upper East Side to allow Northwell Health to build a new hospital tower, closing a bruising land-use saga that saw the health system shrink the building in exchange for key...

Rental property CEO unloads Upper East Side duplex for roughly $7M

CrainsNewYork.com (Education) 8/14 10:42A C. J. Hughes

A landlord known for low-slung rental buildings has said goodbye to his lofty co-op. Jason Pantzer, the co-CEO of Midtown-based Pantzer Properties, which owns 4-story apartment complexes along the East Coast, and his wife, Tricia, a lawyer, have...

NYU Langone continues Long Island cardiac expansion with new lab plans

CrainsNewYork.com (Education) 8/13 12:33A Ethan Geringer-Sameth

As the population ages on Long Island, health systems are seeing higher demand for cardiac services and expanding accordingly. The latest is NYU Langone, whose flagship Long Island hospital in Mineola has seen an uptick in patient volumes over...

As SoHo retail space wanes, high-end brands head to the Upper East Side

CrainsNewYork.com (Education) 8/11 12:33A Julianne Cuba

Luxury retailers are expanding into Upper Manhattan as increased leasing activity in quintessential shopping corridors such as SoHo and the West Village in the last six months has nearly exhausted the available space downtown, according to a...

Prep schools build real estate empires in quest to grow enrollment

CrainsNewYork.com (Education) 8/7 12:33A C. J. Hughes, Julianne Cuba

The city’s most elite schools are branching out from reading, writing and arithmetic and into real estate. In a quest to attract more students, prestigious private schools in Manhattan and Brooklyn, including Spence, Browning and Berkeley...

Northwell’s $2B Lenox Hill expansion heads for key vote

CrainsNewYork.com (Education) 8/6 12:33A Amanda D Ambrosio, Nick Garber

Northwell’s plan to build a new medical tower at Lenox Hill Hospital on the Upper East Side is headed for a key vote on Wednesday that will determine whether the project moves forward. The proposed expansion , which is expected to cost more than...

Cashmere chief seeks a cozy $29 million for Fifth Avenue penthouse

CrainsNewYork.com (Education) 8/4 8:45A C. J. Hughes

A former cashmere exec is looking for the right fit for his Central Park pad. Pier Luigi Guerci, the former president and CEO of Italian luxury wool purveyor Loro Piana, has listed his penthouse condo at Fifth Avenue and East 80th Street for $29...

Wrecking ball heading for 1-story Gowanus industrial property

CrainsNewYork.com (Education) 7/29 7:48A Eddie Small

The Gowanus building boom is showing no signs of slowing down. Manhattan-based real estate firm Avdoo & Partners Development has filed plans with the Department of Buildings to demolish the 1-story industrial building it recently purchased at 601...

If New York kills ‘member deference,’ will more housing follow?

CrainsNewYork.com (Education) 7/28 12:48A Nick Garber, Eddie Small

Since 2022, dozens of projects that could put a dent in New York’s housing shortage neared approval after a monthslong review, only to run into a buzzsaw at the City Council — where at least nine of the developments were withdrawn or rejected and...

Art auction house faces unpleasant side effects from federal health cuts

CrainsNewYork.com (Education) 7/22 12:33A Aaron Elstein

The Upper East Side headquarters of Sotheby’s is the art world’s No. 1 marketplace, where a Claude Monet painting sold last November for $65.5 million. Yet this ethereal merchandise mart’s home faces challenges due to the most prosaic of reasons:...

Compliance with Local Law 97 is getting more expensive under Trump bill

CrainsNewYork.com (Education) 7/22 12:33A Caroline Spivack

City building owners are racing to install solar panels before the end of the year as the Trump administration plans to sunset a federal tax program that helps residential property owners pay for panels on their buildings’ rooftops. Co-ops,...