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a monthslong review, only to run into a buzzsaw at the City Council — where at least nine of the developments were withdrawn or rejected and...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,...

Cardiology chain joins trend of retailers buying their own spots

CrainsNewYork.com (Education) 7/21 7:11A Eddie Small

A cardiology firm is getting in on the trend of retailers opting to own their own spaces in the city. Manhattan Cardiology, a chain of health care facilities that focuses on preventive treatment for heart issues, has purchased the retail condo at...

New skyscraper bets on private club instead of retail

CrainsNewYork.com (Education) 7/21 12:33A C. J. Hughes

A stretch of Fifth Avenue near Grand Central Terminal could be said to be both the city’s spine and heart, especially for retailers: A storefront on the bustling Midtown portion of the famous thoroughfare once seemed a no-lose proposition. But...

Maimonides to open $6M psychiatric emergency department under push from state

CrainsNewYork.com (Education) 7/18 12:33A Ethan Geringer-Sameth

Maimonides Medical Center will soon open a new psychiatric emergency department to accept patients in crisis, one of a growing number of specialty ERs in the city aimed at bolstering a critical juncture in mental health care. The safety-net...

Margins grow at Mount Sinai’s flagship hospital despite supply and personnel pressure

CrainsNewYork.com (Education) 7/9 12:33A Ethan Geringer-Sameth

Mount Sinai, one of the city’s largest hospital systems, is seeing improving operating margins at its flagship hospital, even as it faces a crunch from growing supplies and personnel costs that are impacting much of the industry. In the first...

East 79th Street parcel zoned for resi tower gets demo OK

CrainsNewYork.com (Education) 7/2 8:22A C. J. Hughes

An architect-developer appears to have set his sights on the Upper East Side. Manuel Glas has won approval to demolish a pair of townhouses he owns at 167 and 169 E. 79th St., Department of Buildings records show. Glas has owned No. 167, a...

Developer accused of ‘gross mismanagement’ at Columbus Circle hotel conversion project

CrainsNewYork.com (Education) 7/2 12:33A Eddie Small

The lender on a high-profile hotel conversion project in Columbus Circle claims in a new lawsuit that the development team has mismanaged construction on it to the point where work cannot continue. Parkview Financial, a real estate lender based...

Affordability to increase and deepen at luxury downtown rental tower

CrainsNewYork.com (Education) 6/27 7:41A Eddie Small

The number of affordable units in a luxury rental building downtown will more than double under a new agreement between landlord Glenwood Management and the Battery Park City Authority. The authority has reached a deal with Glenwood to preserve...

Races to watch: mayoral suspense, costly council contests

CrainsNewYork.com (Education) 6/23 10:57A Nick Garber

Tuesday’s Democratic primary could effectively anoint New York City’s next crop of leaders for the next four years. Besides the headline-dominating mayor’s race, the ballot features closely watched elections for comptroller, public advocate and a...

Wall Street wants in on Crumbl’s oversized sugary cookies

CrainsNewYork.com (Education) 6/19 5:12A Will Kubzansky, Bloomberg

On a recent afternoon on Manhattan’s Upper East Side, young patrons queued up for a TikTok-famous treat: a $5 cookie from Crumbl. Just outside, Merle Behrens, 17, was posing for a photo with the chain’s signature pink box in hand. She purchased...

Deals of the Day: June 17

CrainsNewYork.com (Education) 6/17 6:22A Julianne Cuba, C. J. Hughes, Edd

Leases Industry City lands new retail tenant Address: Industry City Building 4, Brooklyn Landlord: Jamestown, Belvedere Capital and Angelo Gordon & Co. Tenant: Artist & Craftsman Supply Lease size: 10,101 square feet Lease length: 10 years Asset...

Congratulations, Class of 2025

The Browning School 6/16 5:45A Jeremy Katz

The members of the Class of 2025 are ready to go into the world to be thoughtful and empathetic leaders! View fullsize View fullsize View fullsize View fullsize View fullsize View fullsize View...