March 2025

Owners of rent-stabilized housing saw their net revenues grow by 12% citywide in the most recent period, according to a closely watched Rent Guidelines Board report released Thursday. Tenant advocates say the growth should stave off major rent hikes this year, while landlord groups say the finding conceals severe distress in older buildings outside Manhattan.

Behavioral health providers are weighing whether to close programs focused on mental illness prevention and opioid recovery after the federal government abruptly slashed hundreds of millions of dollars from the state’s health budget this week. The state’s dual behavioral health agencies – the Office of Mental Health and the Office of Addiction Services and Supports

The Trump administration has rescinded $100 million in grants to the city Health Department used to fight infectious disease, deepening a crisis of funding that has already had officials scrambling to protect core public health functions. The U.S. Department of Health and Human Services notified the agency on Tuesday that it was rescinding the funds,

The new owner of a Rockaways property central to an ongoing city bribery case has taken out $59.5 million in bank loans against the site, according to city records. Diamond National Investments, an Atlanta-based real estate investment firm co-founded by Menachem Mendel Chazanow and Max New, purchased 157 Beach 115th St. for $14.4 million in

Fox Corp. plans to vacate a quarter of its space at 1211 Sixth Ave., a move that would come only three years after Rupert Murdoch’s media empire agreed to stay in the Midtown tower until 2042. Fox intends in November to leave 330,000 of its 1.25 million square feet in the building, credit-rating agency KBRA

Leases Financial services firm relocates within Midtown  Address: 99 Park Ave., ManhattanLandlord: Global Holdings Management GroupTenant: Geller & Co. Lease size: 45,000 square feet Lease length: 11 years Asset type: Mixed-useBrokers: Global Holdings Management Group’s Craig Panzirer and Alex Radmin, and JLL’s Paul Glickman, Diana Biasotti, Kristen Morgan and Harrison Potter represented the landlord. Cushman & Wakefield’s Bryan