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Stabilized landlords’ incomes rise by 12%, complicating push for rent hike

Owners of rent-stabilized housing saw their net revenues grow by 12% citywide in the most recent period, according to a closely watched Rent Guidelines Board report released Thursday. Tenant advocates say the growth should stave off major rent hikes this year, while landlord groups say the finding conceals severe distress in older buildings outside Manhattan. […]

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Mental health, substance use providers weigh program closures amid federal funding losses

Behavioral health providers are weighing whether to close programs focused on mental illness prevention and opioid recovery after the federal government abruptly slashed hundreds of millions of dollars from the state’s health budget this week. The state’s dual behavioral health agencies – the Office of Mental Health and the Office of Addiction Services and Supports

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Trump administration cuts $100M from city Health Department used to fight infectious disease

The Trump administration has rescinded $100 million in grants to the city Health Department used to fight infectious disease, deepening a crisis of funding that has already had officials scrambling to protect core public health functions. The U.S. Department of Health and Human Services notified the agency on Tuesday that it was rescinding the funds,

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Deals of the Day: March 27

Leases Financial services firm relocates within Midtown  Address: 99 Park Ave., ManhattanLandlord: Global Holdings Management GroupTenant: Geller & Co. Lease size: 45,000 square feet Lease length: 11 years Asset type: Mixed-useBrokers: Global Holdings Management Group’s Craig Panzirer and Alex Radmin, and JLL’s Paul Glickman, Diana Biasotti, Kristen Morgan and Harrison Potter represented the landlord. Cushman & Wakefield’s Bryan

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David Barton sued for allegedly failing to pay rent at former YMCA of Village People fame

A landlord battle is weighing on fitness entrepreneur David Barton’s attempt at a comeback. Barton, who after a career break is operating Gym U NYC at the former McBurney YMCA building at 215 W. 23rd St. in Chelsea, is facing claims he owes building owner Mitchell Marks $1.4 million, according to a lawsuit filed by

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Top earners at New York Health Plan Association

The compensation data below highlights the highest-paid employees at a tax-exempt organization that filed a Form 990 for 2022. See the top earners at other New York health systems here. Notes: “Cash compensation” includes base compensation, bonus and incentive compensation, and other reportable compensation from the health system and related organizations. “Other compensation” includes nonreportable

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Knicks broadcaster MSG Networks gets a week’s reprieve to resolve $800M in unpaid debt

MSG Networks and its lenders have gotten a weeklong extension to negotiate on more than $800 million in debt that has been due since October. The sports broadcaster, loan agent JPMorgan Chase & Co. and the lenders now have until April 2 to find a fix for the debt, extending a previous March 26 deadline,

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