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For the beaten-down office market, 2024 was a year of diverging fortunes for owners as transactions started to pick up. Office landlords, confronted with the reality of plunging valuations, started to strike deals to sell properties they no longer wanted — often at steep price cuts — while scoring new equity investments on high-quality towers. […]

Charles Dolan, the pay-television pioneer who won the first cable-TV franchise in Manhattan, founded HBO and later built Cablevision Systems into the fifth-largest U.S. cable company, has died. He was 98. Dolan died Saturday of natural causes, surrounded by his loved ones, Newsday reported, citing a statement from his family shared by a spokesperson. Dolan

The start of this year was marked by buzz about a pair of blockbuster deals in which some luxury retailers traded in their leases for deeds — a growing trend among a very niche group of high-end companies that could continue into 2025. Just days into 2024, the fashion firm Kering, which owns brands such

New York’s hotel occupancy rate faltered slightly from its October high as rooms used to shelter migrants begin to empty out. The hotel occupancy rate was 85.6% in November, according to the latest data released Friday from the city’s Economic Development Corporation, just under a point less than the 85.7% it was at during the

Even as New York City’s overall residential market had a mediocre year, its ultra-luxury end soared to nearly unprecedented heights. “In terms of the $10 million and above market, what I call the trophy market, it’s the second-biggest year ever,” says broker Donna Olshan, who compiled a report of the city’s biggest sales in 2024.

Richard Parsons, the executive dubbed “Captain Emergency” for his record of stabilizing ailing companies such as AOL Time Warner, Citigroup Inc. and Dime Savings Bank of New York, has died. He was 76. Parsons died on Thursday at his home in Manhattan. The cause of death was bone cancer, the New York Times reported, citing

With tens of billions of federal dollars on the table and an incoming administration bent on cutting health care spending, New York’s hospitals are bracing for a bitter winter and beyond. Their leaders are looking anxiously into 2025, concerned about what the second Trump administration could mean for several large funding streams that prop up

Gov. Kathy Hochul signed a law on Thursday that requires fossil fuel companies to pay billions for their role in the climate crisis. The move makes New York the second state in the U.S. to hold oil manufacturers accountable for supporting projects that protect against the damages of floods, hurricanes and other climate disasters. The

The clock is ticking for New York to begin its overhaul of a popular Medicaid-funded home care program. But legal battles aiming to thwart the changes stand in the way of the state’s plans. Gov. Kathy Hochul is pushing to complete a consolidation of the Consumer Directed Personal Assistance Program — a more than $9

Ports in Manhattan and Brooklyn are reaping the benefits of a global cruise boom, with a record-high year of passengers boarding skyscraper-length liners for getaways from the city. Approximately 1.5 million passengers passed through the Manhattan and Brooklyn cruise terminals this year, according to city Economic Development Corp. data obtained by Crain’s. It was a