Latest News

Developer sells 4-building Washington Heights portfolio at a big loss

A developer appears to have taken a bath with a portfolio of rent-stabilized buildings in Washington Heights. Kahen Properties has sold the four multifamily and mixed-use prewar properties that have about 125 units among them to Elysee Investment Corp. for $8.8 million, according to the city register. Kahen, whose principal is Alex Kahen, paid $22.1

Developer sells 4-building Washington Heights portfolio at a big loss Read More »

At a Glance: April 21

IMMIGRANT HEALTH: Immigrant New Yorkers have a higher life expectancy compared to city residents born in the U.S., according to data released last week by the city’s Department of Health and Mental Hygiene. Foreign-born city residents had an average lifespan of 83.5 years, compared to 79.9 years among U.S.-born residents. Immigrant communities were less likely

At a Glance: April 21 Read More »

Around 130,000 home care workers have been paid amid state consolidation

The payroll processing company that took over a popular state-funded home care program issued paychecks to a fraction of caregivers in its first two weeks of operation. Public Partnerships LLC, a Georgia-based company that cuts paychecks and provides benefits to home care workers through the consumer-directed personal assistance program, became the state’s sole payroll processing

Around 130,000 home care workers have been paid amid state consolidation Read More »

Canadian visitor pullback hits city’s hotels, tours, nightlife

The Trump administration’s hostile stance on Canada is taking a toll on New York City tourism as Canadian travelers cancel tours, hotel stays and flights. The roughly 1 million Canadians who visited New York City last year contributed an estimated $600 million to the local economy — making them the second-largest group of foreign tourists

Canadian visitor pullback hits city’s hotels, tours, nightlife Read More »

Old Navy flagship in Vornado’s Herald Square building to close this summer, replaced by Primark

A quintessential American apparel retailer is being displaced from its longtime home in Herald Square by the Irish multinational company Primark, records show. Old Navy, which opened at 150 W. 34th St. in 1999, will close its 4-level store this summer, and lay off 95 of its employees to make way for the incoming tenant,

Old Navy flagship in Vornado’s Herald Square building to close this summer, replaced by Primark Read More »

Council proposes up-front payments to nonprofits to tackle city’s chronic delays

The latest attempt to solve the city’s chronically late payments to its nonprofit contractors is coming courtesy of City Council leaders, who proposed a package of bills and new spending on Thursday that they say will ease the crisis. The city relies on nonprofits to handle crucial work like homeless services, day care and mental

Council proposes up-front payments to nonprofits to tackle city’s chronic delays Read More »

Carrot king’s penthouse in the Meatpacking District gobbled up for $18M

A Manhattan penthouse that belonged to a carrot mogul who harvested a huge windfall with the sale of his farm to a buyout firm has found a taker. The late Andre Radandt’s apartment, a 3,700-square-foot condo with a 1,900-square-foot terrace atop a tower in the Meatpacking District, traded for $18 million, according to a deed

Carrot king’s penthouse in the Meatpacking District gobbled up for $18M Read More »