Latest News

As Goldman Sachs Group asks shareholders this week to back $160 million in special bonuses for its top two executives, the hope is that investors will agree that the firm is far more than a storied investment bank. The retention packages for Chief Executive Officer David Solomon and President John Waldron give the latter more […]

The 44-story, 1.6-million square foot tower at 1166 Sixth Ave. has two owners: The bottom half is owned by landlord Edward Minskoff and the rest by insurance broker Marsh & McLennan. Minskoff’s half has some problems. In a new report that provides a glimpse into the diverging fortunes of a Class A Midtown office tower,

Three months into the new federal administration, the landscape of regulatory risk for New York businesses already has changed dramatically.  President Donald Trump’s emphasis on reducing the role of government in certain sectors reflects a much more profound shift in enforcement priorities than usually accompanies a presidential transitional, even from one party to the other. 

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

Leases Luxury retailer opens new Dumbo storefront Address: 99 Water St., Brooklyn Landlord: Two Trees ManagementTenant: L’EnsembleLease size: 1,121 square feet Asset type: Mixed use Sales Gastroenterologist buys pair of medical buildings in Bath Beach Addresses: 8622 Bay Parkway and 15 Bay 29th St., BrooklynSeller: Robert SpitalnickBuyer: Pierre HindySale price: $10 millionAsset type: Office Financings Midtown tower

A low-rise Midtown office building that luxury developer Harry Macklowe once dreamed of knocking down and transforming into a 1 million-square-foot skyscraper has traded hands for almost $15 million, records show. The real estate mogul, who founded his firm Macklowe Properties in the 1960s, offloaded 12 E. 52nd St. for $14.8 million, according to a

Mayor Eric Adams’ administration is making steady progress in its quest to rezone four neighborhoods by the end of 2025, an effort that could produce some 40,000 new homes and burnish Adams’ legacy if he leaves office after this year. The largest of these neighborhood plans, in Long Island City, kicked off its roughly seven-month

The state has reached a settlement with Westchester Medical Center over the hospital system’s failure to follow discharge protocols for patients experiencing psychiatric emergencies. An investigation by the state attorney general’s office found that WMCHealth, which operates four hospitals in the Hudson Valley, repeatedly broke federally and state required protocols to evaluate and stabilize patients

NYU Langone is planning to build a new psychiatric emergency program at its Sunset Park hospital amid a state-led effort to increase treatment capacity for individuals in the throes of mental health crises. The Brooklyn hospital has mapped out a $7 million comprehensive psychiatric emergency program, commonly known as a CPEP, to replace its current

ALCOHOL USE: More than 8,000 New Yorkers die prematurely each year because of excessive alcohol use, data from the Department of Health shows. Binge drinking and heavy alcohol consumption – behaviors reported by 1 in 6 state residents – are a leading cause of preventable death in the U.S., prompting state health officials to raise