UES medical office building near Lenox Hill Hospital faces foreclosure

CrainsNewYork.com (Hospitality and Tourism) 5/8 11:40A C. J. Hughes

A half-full medical building around the corner from Lenox Hill Hospital is at risk of being auctioned off to the highest bidder after some lenders have accused its owners of being more than a year behind on mortgage bills. A group of investors...

Crime is dropping in city’s business districts, Tisch says

CrainsNewYork.com (Media & Entertainment) 4/23 6:10A Nick Garber

Crime has dropped significantly in some key business districts in the first few months of 2025, mirroring an encouraging citywide trend, Police Commissioner Jessica Tisch said at a Crain’s New York event Wednesday morning. There were zero...

Crime is dropping in business districts, Tisch tells city leaders

CrainsNewYork.com (Hospitality and Tourism) 4/23 6:10A Nick Garber

Crime has dropped significantly in some key business districts in the first few months of 2025, mirroring an encouraging citywide trend, Police Commissioner Jessica Tisch said at a Crain’s New York event Wednesday morning. There were zero...

Adams’ neighborhood-reshaping rezonings could permit 40,000 homes in 2025

CrainsNewYork.com (Media & Entertainment) 4/22 12:48A Nick Garber

Mayor Eric Adams’ administration is making steady progress in its quest to rezone four neighborhoods by the end of 2025, an effort that could produce some 40,000 new homes and burnish Adams’ legacy if he leaves office after this year. The largest...

Judge appoints receiver for Chetrit-owned apartment complex in Queens

CrainsNewYork.com (Media & Entertainment) 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...

City's hospitals try to tackle housing with mixed success

CrainsNewYork.com (Hospitality and Tourism) 3/20 12:33A Amanda D Ambrosio

A building with three-bedroom apartments in a refurbished tuberculosis treatment center in Jamaica. Studio apartments with a back garden on an old parking lot in Bed-Stuy. A residence with one-bedroom units and a community health clinic on the...

State awards more than $50M to 4 city affordable housing projects

CrainsNewYork.com (Hospitality and Tourism) 3/18 8:28A Eddie Small

A quartet of affordable housing projects in the city are getting a funding boost of more than $50 million total. The money for the outer-borough developments comes from federal and state low-income housing tax credits, Gov. Kathy Hochul and Rep....

Northwell spends big on lobbyists as it seeks Upper East Side expansion

CrainsNewYork.com (Media & Entertainment) 3/5 12:33A Ethan Geringer-Sameth

The state’s largest health care system was also one of the biggest spenders on lobbyists trying to influence city government last year. Northwell Health, a New Hyde Park-based provider network with 21 hospitals and over 800 clinics in the region,...

As Adams plots big housing moves, Hochul pulls back

CrainsNewYork.com (Hospitality and Tourism) 2/18 5:06A Eddie Small, Nick Garber

New York is still expensive, and housing is still one of the main reasons why, so it is unsurprising that the issue will continue commanding attention in 2025. But the housing agenda at the city level looks more ambitious than its Albany...

Deals of the Day: Feb. 3

CrainsNewYork.com (Hospitality and Tourism) 2/3 6:41A Eddie Small, C. J. Hughes, Julia

Leases BXP lands new tenant in GM Building Address: 767 Fifth Ave., Manhattan Landlord: BXP Tenant: GoldenTree Asset Management Lease size: 60,000 square feet Lease length: 15 years Asset type: Office Brokers: CBRE's Peter Turchin, Ben Friedland,...