Skinny UES development site with towering potential sells for $8M

CrainsNewYork.com (Transportation) 7/30 12:33A C. J. Hughes

A husband-and-wife development team with a background in casino design has bought a superskinny Upper East Side lot with towering potential. Nory and Cheryl Hazaveh, an architect-and-designer pair, bought 37 E. 83rd St., a 5-story townhouse that...

Wrecking ball heading for 1-story Gowanus industrial property

CrainsNewYork.com (Banking) 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 (Banking) 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a monthslong review, only to run into a buzzsaw at the City Council — where at least nine of the developments were withdrawn or rejected and...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 (Wall Street) 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 (Wall Street) 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 (Banking) 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 (Nonprofits) 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...

NYers can’t agree if it’s OK to ‘save’ a parking space, take sides on vicious three-way brawl over...

NYPost.com (Metro) 7/21 12:00A Ella Morrison, Zoe Hussain

“No, it's not okay. If you don't have a car, you shouldn't be standing there,” said Daniel Rosario, 52, of the Upper East Side, who owns a car and parks on the street.

Beloved Upper West bakery plans to relocate a few blocks away with a new business

CrainsNewYork.com (Advertising & Marketing) 7/18 8:21A C. J. Hughes

Silver Moon Bakery is back, sort of. The longtime cake-making hotspot and Upper West Side community hub, which closed in March at 2740 Broadway on the Upper West Side after a bitter rent fight with its landlord , has joined forces with a...

Japanese firm nabs pair of Upper East Side rentals

CrainsNewYork.com (Politics) 7/18 7:10A Eddie Small

A Japanese buyer has picked up a pair of Upper East Side apartment buildings for $10.4 million, property records show. Great Neck, Long Island-based ABJ Properties has sold the buildings at 234 and 236 E. 88th St. to Olive Corporation, a real...

Winston Churchill alma mater pitches $75,000 boarding school to NYC parents

CrainsNewYork.com (Transportation) 7/18 6:27A Erin Hudson and Nic Querolo, Blo

As some British boarding schools make efforts to recruit students from New York, one of the country’s oldest and most vaunted institutions is taking a bigger leap.   Harrow School, the 453-year old academy known for educating Winston Churchill...

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

CrainsNewYork.com (Banking) 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...

CIM Group snaps up Williamsburg portfolio for $56M

CrainsNewYork.com (Economy) 7/17 9:54A Julianne Cuba

Los Angeles-based CIM Group has acquired a six-building portfolio in Williamsburg that includes a century-old brick warehouse for almost $56 million, records show. David Thompson, vice president and chief financial officer of the west coast...

Berkeley Carroll prep school picks up Park Slope townhouse for $6M

CrainsNewYork.com (Nonprofits) 7/10 12:33A C. J. Hughes

Top Brooklyn private school Berkeley Carroll is the latest of its ilk to make a purchase. The Park Slope-based institution has bought the bay-fronted townhouse at 545 Third St. for $6.1 million, according to a deed that appeared in the city...

Hospitals slash jobs, stall growth amid Trump cuts

CrainsNewYork.com (Nonprofits) 7/10 12:33A Ethan Geringer-Sameth

New York hospitals are cutting staff, scaling back research and bracing for service reductions in the wake of a newly signed federal spending bill that is expected to drain $7 billion a year from the state’s health care system. The spending...