Pershing Square Capital Management has proposed a deal to merge a newly formed subsidiary with Howard Hughes Holdings, the latest step in Ackman’s pursuit of the real estate developer he used to help lead. The investment firm run by Bill Ackman is offering Howard Hughes holders $85 a share, a majority of which would be […]
Ackman’s Pershing Square proposes merger with Howard Hughes Read More »
Brooklyn’s Pintchik family has sold a 26-building portfolio of mixed-use properties in the borough for about $103 million, according to Michael Pintchik and an announcement from the brokers. The Pintchiks sold the buildings to brothers Michael and Edward Ostad, parting with them “to address some family-planning issues,” Pintchik told Crain’s. The portfolio consists of buildings
Brooklyn real estate family sells mixed-use portfolio for $103M Read More »
Congestion pricing is here at long last. Now, lawmakers must stop debating a settled matter and turn their attention to investing the proceeds into transit improvements in a cost-efficient way. The policy, first proposed in 2007, is off to a promising start, reporter Caroline Spivack found. While transit experts contend that it’s far too early
Heading into the new year, my email box groaned under the weight of reports from cheerleader market strategists, all of them predicting that 2025 will be almost as wonderful as 2024, when the S&P 500 gained 23% and concluded its best two-year run since 1999. “Bull market is alive and well in 2025,” declared the
Predictions about the city’s future, from recession odds to the future of Penn Station Read More »
New York City Health + Hospitals is preparing for nearly 1,000 doctors to potentially strike in the coming weeks as they negotiate a new contract, while hospital leaders hope arbitration will take a walkout off the table. Although there is not a current active strike notice, the public hospital system is making tentative plans to
H+H leaders brace for potential doctor strike as contract negotiations persist Read More »
SCHOOL MEALS: Gov. Kathy Hochul announced a new plan to provide universal free breakfast and lunch in schools as part of her 2025 agenda. The governor has been releasing individual planks of the agenda ahead of her State of the State address on Tuesday, one of the biggest events of New York’s political calendar in
At a Glance: Jan. 13 Read More »
A Midtown-based medical device startup is carving a niche in the growing field of treatments to address chronic lung disease. Aerwave Medical raised $12 million in a recently closed deal to advance a new therapy for chronic obstructive pulmonary disease, which completed its first human trials last week. The disease is the fourth leading cause
Midtown-based startup raises $12M in growing market for lung disease treatment Read More »
In this Q&A, Joe Dorazio, Small Group Head of Sales – at Aetna®, a CVS Health ® Company, addresses common questions about workplace benefit strategies from employers in the region. These business owners and HR leaders are trying to balance cost and coverage to offer health plans that create value for their employees amidst a
Aetna offers NY employers new strategies to control health care and pharmacy costs Read More »
The annual gathering of The Real Estate Board of New York serves as a convergence point for prominent developers, owners, brokers, and key public figures to foster connections, share perspectives, and acknowledge the significant impact they collectively bring to the fabric of New York City. At this event, REBNY unveils its distinguished award recipients. In
REBNY 129th Annual Civic Leaders Read More »
The Adams administration will shutter 13 more emergency migrant shelters, including a massive Brooklyn facility where 3,500 migrants currently reside, as the number of asylum seekers traveling to the city continues to recede, Mayor Eric Adams said Friday. The closures will dismantle shelters in every borough but the Bronx, along with one in Yonkers, by
City to close 13 more migrant shelters, including massive Clinton Hill site Read More »
