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Deals of the Day: May 1

Leases California-based lifestyle brand signs new lease in Midtown Address: 209 W. 38th St., ManhattanLandlord: GFP Real EstateTenant: Rylee + CruLease size: 1,900 square feetAsset type: OfficeBroker: GFP Real Estate’s Matthew Mandell represented both the landlord and the tenant. Knitting company extends lease on showroom and office space Address: 209 W. 38th St., ManhattanLandlord: GFP

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Moinian Group seeks to evict salad shop from NoMad tower over alleged ‘noxious odors’

An avocado-focused fast-casual dining chain in NoMad is facing eviction over supposedly putrid smells that allegedly emanate throughout the building where it’s set up shop, court records show. Joseph Moinian, CEO and founder of real estate firm the Moinian Group, is seeking to boot the salad shop, Avo, from the ground-floor storefront of a 24-story

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Spike in applications during NY’s spring recess leads to jump in U.S. jobless claims

Applications for U.S. unemployment benefits rose to the highest level since February during the week that followed Easter and spring recess at New York City public schools. Initial claims increased by 18,000, to 241,000, in the week that ended April 26, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey

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Op-ed: Why New York must invest in its immigrant workers

New York’s economy depends on immigrant workers. From hospitals to high-rises, foreign-born workers are filling urgent staffing gaps in critical industries like healthcare and construction, sectors already stretched thin by demographic shifts, aging populations, and a workforce that can’t keep up with demand.  Despite their essential contributions, we are underinvesting in these workers, leaving them

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Rent Guidelines Board endorses hike on stabilized leases in prelim vote

For about half of New York City apartments, rent may soon go up again. During a meeting Wednesday night to hold a preliminary vote, the city’s Rent Guidelines Board backed an increase for rent-stabilized apartments of 1.75% to 4.75% on one-year leases and 4.75% to 7.75% on two-year leases. The final maximum increase is subject

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1 in 4 NY hospitals earn top patient safety grades, report shows

A quarter of hospitals in New York earned high scores for preventing patient infections, reducing falls and increasing staffing at their facilities, a report out today from the Leapfrog Group shows. Thirty-six of the 144 hospitals graded across the state received an A for patient safety, according to Leapfrog, a Washington, D.C.-based patient safety nonprofit

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At a Glance: May 1

HOSPITAL PRICES: The City Council is expected to pass a resolution today calling on state lawmakers to pass the Fair Pricing Act, a bill that caps how much hospitals can charge for certain routine outpatient procedures such as colonoscopies and vaccines. The bill, sponsored by Manhattan state Sen. Liz Krueger and Bronx Assemblywoman Chantal Jackson,

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Public sector unions sue city in dispute over lost savings from flagging Medicare Advantage transition

The city’s public employee unions are challenging a bid by the Adams administration to recoup expected savings from a halted effort to shift municipal retirees to privately administered health insurance. The move to that plan, known as Medicare Advantage, was fiercely opposed by workers and has been tied up in court since 2023. The Municipal

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