Hell's Kitchen restaurant owners feel besieged by homeless living in tourist...
An ambitious for years.Multiple restaurant owners in Hell’s Kitchen have expressed concern that the mayor’s less street condition” or “homeless person assistance” have decreased in Manhattan from June...
View ArticleWeWork sells Flatiron School that grew rapidly under its watch
WeWork has sold coding academy Flatiron School, the latest asset to be dropped by the coworking company as it slims down following a failed attempt to go public. Carrick Capital Partners, a San...
View Article$77B—nearly 10%—of city's economy relies on nonprofits, report finds
Nearly a tenth of the city's economy comes from the nonprofit sector, according to a new report from Comptroller Scott Stringer.That’s $77 billion, according to the report, which analyzed nonprofit...
View ArticleNew York jobless claims still hovering at 1.6 million despite reopening
The number of jobless New Yorkers appears stuck around .The number of individuals receiving unemployment insurance benefits fell by just 30,000 last week, the Bureau of Labor Statistics reported...
View ArticleManhattan residential market faces a reckoning amid the pandemic
The Manhattan and grab their cash as they navigate an uncertain future, the real estate industry is coming to terms with a new reality of “I’m hoping that New York City is looked at as the same great...
View ArticleDowling says Covid-19 can make us stronger, more resilient
I've been asked by many people both inside and outside of health care, what will our world look like after the pandemic? What will be the impact on businesses? What will be the toll on health care? And...
View ArticleBrooklyn's Dime Community Bank agrees to $489M merger
A little more than two months after tenants weren’t paying rent in apartments it has lent to, the Brooklyn-based lender agreed to be acquired by Long Island’s Bridge Bancorp in a $489 million deal. The...
View ArticleLemonade IPO soars in first day of trading
Lemonade shares soared in their first day of trading, making for a sweet initial public offering.The startup insurance company's stock closed at $69.21 in its debut on the New York Stock Exchange after...
View ArticleBudget hawks say City Hall's austerity measures don't go far enough
.For one, they say, the spending plan doesn't address the cost of the city's workforce, which has expanded under the current administration.“I think they did very little right,” said Nicole Gelinas, an...
View ArticleCuomo’s Penn Station plan would fund fixes with office complex
A New York state plan to redevelop the neighborhood surrounding Penn Station would clear the way for more than 14 million square feet of new offices, a massive addition of space that would accelerate...
View ArticlePublic transit demand is now almost half pre-Covid mark
New York’s public transport usage has risen to almost half the typical level before the coronavirus outbreak, a recovery that has yet to extend to the restaurant industry.Demand for trains, buses and...
View ArticleCity plans to open public schools in September
New York City plans to reopen its public schools in September with social-distancing guidelines, Mayor Bill de Blasio said Thursday.“We’re full steam ahead for September,” de Blasio said. The goal is...
View ArticleOutdoor dining expanded to 22 streets to help struggling restaurants
Call it a compromise–kind of.After announcing on Wednesday the suspension of ."For many city eateries, street seating feels like another quick fix that will neither supplement indoor capacity nor...
View ArticleBrooklyn Hospital, Spectrum ink deals at Fulton Mall
Amid the pandemic's economic toll on retail landlords around the city, Downtown Brooklyn's Fulton Mall is gaining two new tenants.The Brooklyn Hospital Center and Spectrum Cable have both inked...
View ArticleTrump signs bill to extend small business loan program to Aug. 8
President Donald J. Trump signed a bill Saturday to extend the so far. Others are proposing modifications or calling for new initiatives to help companies that are hardest hit by the pandemic or...
View ArticleHere's what to expect next week for phase three of the reopening
As other parts of the U.S. hastily roll back reopening plans, New York City is taking one more small step forward.On Monday, the city officially kicks off postponed indefinitely. Blame the recent...
View ArticleTech access tied to health disparities, EmblemHealth finds
As the Covid-19 crisis accelerates the use of telehealth to maintain access to care, a new study from EmblemHealth gives credence to concerns about how disparities in the availability of tech are...
View ArticleJPMorgan says Wall Street is too negative about a Biden win
Wall Street is too negative on prospects for the markets if Democratic candidate Joe Biden wins the U.S. presidential election in November, according to JPMorgan Chase & Co.Numerous factors could...
View ArticleEmployers find testing employees more trouble than it’s worth
From nursing homes in New York and a landfill in Utah to Disney World and the Las Vegas Strip, employers are wrestling with workplace safety in the age of Covid-19 and making fraught calculations about...
View ArticleTattoos, manicures will be available as city enters Phase 3
Looking for a tattoo to commemorate the chaos of 2020? Now's your chance.Tattoo parlors and other personal care businesses like nail salons will be allowed to welcome customers in New York City...
View ArticleHow NY hospitals are addressing inequality and diversity in leadership: Q&A
The Covid-19 pandemic and protests over the killing of George Floyd have raised questions about what hospitals are doing to address inequality in health care and their communities. Lloyd Bishop, a...
View ArticleNew York has avoided a virus uptick while reopening
New York state hospitalizations for Covid-19…; were 817 as of July 5, the lowest since March 18.Of the 54,328 tests conducted in the state, about 518 or 0.95% were positive, Gov. Andrew Cuomo said...
View ArticleTrump donors among early recipients of coronavirus loans
As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts, according to an...
View ArticleRetailers to governors: Please mandate face mask wearing
Retailers&…; have a message for state governors: Please make everyone wear a
View ArticleUber buys Postmates, ups delivery game in $2.7 billion deal
Uber has widened its reach in the f
View ArticleSmall-business aid went beyond hard-hit companies, data show
The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money through a coronavirus but also benefited wealthy, well-connected companies and...
View ArticleDeutsche Bank’s Epstein lapses spur $150M penalty
Deutsche Bank AG will pay New York’s banking regulator $150 million for a string of compliance lapses including a half-decade of lax oversight of the financial dealings of disgraced financier Jeffrey...
View ArticleHome prices fall 6.6% on Covid-19 economic damage
U.S. home prices will fall about 6.6% during the 12 months through May 2021, the first annual annual decline since 2012, as the economic impact of the Covid-19 pandemic deepens, according to a report...
View ArticleShake Shack's drop in sales underscores woes at all restaurants
Shake Shack Chief Executive Randy Garutti recently rode his bike around the city, and the sight of small businesses reopening warmed his heart.“It’s hard, and it may be hard for a while,” he wr…; in...
View ArticleNo doorman, no problem: Covid-19 changes real estate rules
Doormen have long been a treasured perk in New York City—apartment building gatekeepers who greet guests, take deliveries and hail cabs.But the pandemic is upending the rules of real estate in the...
View ArticleMadison Avenue, The Hub, Jackson Heights could face rocky retail recoveries,...
Three major retail spots in the city face different challenges as they look to recover from the pandemic downturn, according to a new report<…; from HR&A looked at preexisting vacancy rates,...
View ArticleBBR Partners scoops up 30,000 square feet at Park Avenue Plaza
BBR Partners has signed a office tower.The 15-year , which included BNY Mellon’s 130,000-square-foot renewal at 200 Park Ave. and D.E. Shaw’s 78,000-square-foot renewal at 120 W. 45th St. “We’re proud...
View ArticlePPP loans favored wealthier city neighborhoods
ZIP code is destiny when it comes to the “We saw pretty large disparities there,” said Evan Raciti, executive vice president of RentHop. “We saw in Greenpoint, Park Slope, the Financial District,...
View ArticleMayor to expand internet to 600k underserved New Yorkers
The mayor on Tuesday announced a step to bridging the city’s to 600,000 underserved New Yorkers, one-third of whom are New York City, work-from-home setups and
View ArticleBlack-owned firms snubbed by city for multibillion-dollar Covid-19 contracts
New York City snubbed minority-owned Crain’s analysis has found.A minuscule 1% of the bids went to businesses registered as Black-owned, the analysis of data from the city comptroller’s office shows....
View ArticleOscar won't cover most antibody tests
Oscar told members of its health insurance plans in an email this week that it may not cover costs associated with Covid-19 antibody testing. It had cited those costs in a May filing as a reason it...
View ArticleHow Covid-19 Has Changed Health Care at Weill Cornell Medicine
Are there any silver linings to a devastating pandemic? The Covid-19 crisis hit New York City with hurricane force in early Spring, placing unprecedented demands on health care providers.As it turns...
View ArticleNew York adds three states to 14-day quarantine list
New York, New Jersey and Connecticut 4-day quarantine rule, bringing the total to 19 states.The travel advisory—which now includes Delaware, Kansas and Oklahoma—applies to any person arriving from a...
View ArticleCity seeks July 13 reopening of 3,000 child care centers
New York City plans to reopen 3,000 reopening…; its economy.The move, subject to a city Board of Health vote Tuesday, would ordinarily affect 150,000 children. But with social distancing regulations...
View ArticleFacebook civil rights audit: 'Serious setbacks' mar progress
A two-year audit of Facebook’s civil rights record found “serious setbacks” that have marred the social network’s progress on matters such as hate speech, misinformation and bias.Facebook hired the...
View ArticleFamed clothier Brooks Brothers files for bankruptcy
The storied Manhattan clothier Brooks Brothers is filing for bankruptcy protection.The company that says it's put 40 U.S. presidents in its suits survived two world wars and navigated through casual...
View ArticleSchools to reopen in September with mix of in-person, remote learning
Mayor Bill de Blasio said he anticipates a “blended” learning program when schools reopen, with students in class two to three days a week.There will be fewer students in each classroom, and more use...
View ArticleGoldman warns investors to hedge for U.S. elections delay
Goldman Sachs is telling investors to prepare for volatility around the November U.S. election, as the coronavirus adds a “major complication” to tabulating results, with a recommendation to extend...
View ArticleLuxury condo developer tries hand at REIT investing
A developer of some of Manhattan’s newest ultra-luxury condos has started a more down-to-earth project: a fund investing in real estate companies that appear undervalued.The venture by Ziel Feldman’s...
View ArticleWeWork hit with racial discrimination, sexual harassment lawsuits by...
Two ex-WeWork employees are suing their old company for discrimination.Christopher Clermont, WeWork’s former program lead for diversity and inclusion, and Diane Allen, the company’s former stock plan...
View ArticleWhat Wall Street pros will look for this earnings season
Normally, when a company reports results, a predictable ritual ensues. Investors locate the relevant earnings per share, and compare it to the consensus estimate. Then they dial in to the conference...
View ArticleOscar tells members it won't cover most antibody tests
cited those costs in a May filing as a reason it would need to raise premiums in 2021.The email informed members that the insurer would cover the tests, which can show that a person has been exposed to...
View ArticleLandlords promise fresh air as worries grow about airborne virus
People working in a air quality on the same phone they order lunch—a recognition that making workers feel comfortable about what's in the air indoors will be the key to reopening offices.Rudin, which...
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