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Four more Mount Sinai facilities could be in jeopardy of closure if a lawsuit barring its shutdown of Beth Israel Hospital continues to drag on, the health system warned in a letter to the top judge in Manhattan’s supreme court, where the ongoing lawsuit is playing out. Mount Sinai said the effort in court by […]

One of the city’s most storied hotels will shutter for renovations in the coming weeks with plans to reopen in 2026 to celebrate its centennial.   Hotel Elysée at 60 E. 54th St. will close its doors March 31 for about 18 months of interior construction work slated to be done in time for its

Four licensed cannabis retailers filed a lawsuit Thursday against New York state regulators, challenging recent approvals that allow some dispensaries to operate within 1,000 feet of existing stores — a move they say undermines recent state rules designed to prevent market saturation. The Article 78 lawsuit, filed in New York Supreme Court by dispensary operators

JPMorgan Chase told all of its employees to return to the office five days a week starting in March, ending a hybrid work-from-home policy that took effect during the pandemic. Some locations don’t yet have the capacity to accommodate a full return of every employee, and the bank will confirm where it’s possible by the

The rapidly expanding Touro University has just gotten bigger. The private nonprofit institution, which held its first classes in 1971 in a donated ex-Ivy League club and now has a nearly $300 million real estate portfolio, has purchased 153 E. 124th St. in Harlem. The property, which is home to the nonprofit New York College

The high-profile office tower at 1500 Broadway was presented last October with a bill it couldn’t pay when its $335 million mortgage came due. London-based owner Tamares Group was unable to refinance, and the 500,000 square-foot Times Square tower, home to the studios of “Good Morning America,” defaulted. Tamares didn’t return an email seeking comment. Office-landlord

Leases Supermarket leases space at Mott Haven development Address: 425 Grand Concourse, BronxLandlord: Trinity Financial and MBD Community Housing Corp.Tenant: CTownLease size: 12,500 square feetAsset type: RetailBrokers: Igloo’s Adam Joly and Rachel Cohen represented the landlord. STL Realty’s John Oliveri represented the tenant. Los Tacos opening Garment District commissary kitchen Address: 318 W. 39th St.,

An 8-story supportive housing building could rise on the site of what’s now being used as a parking lot for an adjacent retirement home in Gowanus, records show. The development arm of Downtown Brooklyn-based organization Catholic Charities Brooklyn & Queens has submitted plans to the Department of Buildings to erect a roughly 96,780-square-foot low-income apartment

Macy’s will shutter five of its nine New York City locations this year as the retail chain moves to massively reduce its brick-and-mortar footprint. The closures will hit Macy’s stores in Downtown Brooklyn and the Queens Center Mall, its discount “Backstage” locations in Sheepshead Bay and The Bronx and its furniture gallery on Staten Island.

The developer and architect behind the plan to turn New York’s original Barneys department store into luxury condos has a project in store for Astoria. The new development from Flushing-based Raymond Chan would rise at 23-04 32nd St. between 23rd and 24th avenues in the Queens neighborhood. It would span about 35,000 square feet and