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

CrainsNewYork.com (Education) 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,...

Top contractor sues luxury developer over alleged wage nonpayment

CrainsNewYork.com (Education) 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 (Education) 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 (Education) 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...

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

CrainsNewYork.com (Education) 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...

Bookstore ends brief chapter on the Upper West Side

CrainsNewYork.com (Education) 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 (Education) 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 (Education) 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 (Education) 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...

Naftali to buy 800 Fifth Ave. for more than $800 million

CrainsNewYork.com (Education) 3/24 11:15A Natalie Wong, Bloomberg

Naftali Group, a real estate developer with footholds in New York and Miami, struck a deal to buy a luxury apartment building on Manhattan’s Fifth Avenue for more than $800 million, according to a person familiar with the matter. Naftali Group...

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

CrainsNewYork.com (Education) 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 (Education) 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...

Fashion show stylist lists Chelsea townhouse for about $15M

CrainsNewYork.com (Education) 3/18 1:03A C. J. Hughes

Karl Templer, who has helped style marketing campaigns for fashion brands including Dior, has put his own fashionable address up for sale. The property, a red-brick, stoop-fronted townhouse on West 22nd Street in Chelsea, is listed at $14.5...

Bette Midler family-linked trust scores Flatiron co-op for about $6M

CrainsNewYork.com (Education) 3/17 7:35A C. J. Hughes

The family of entertainer and philanthropist Bette Midler has purchased a Flatiron District co-op from a developer known for downtown office-to-residential conversions. A trust in the name of Midler’s husband, performance artist Martin von...

At a Glance: March 17

CrainsNewYork.com (Education) 3/17 12:33A Ethan Geringer-Sameth

NEW NAME: Kenneth Griffin, one of the richest men in New York, is getting his name on Memorial Sloan Kettering’s new Upper East Side tower. The founder and CEO of the hedge fund Citadel, Griffin and fellow-billionaire David Geffen donated $400...