NYC Real Estate News

Wed, 11/25/2020 - 11:50
In Manhattan, having a roommate or two is a traditional rite of passage. Now, as the city empties out and rents plummet during the Covid-19 era, even recent college graduates are finding they can...

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Wed, 11/25/2020 - 11:45

As Manhattan’s office landlords struggle to get people to return to the workplace, the city’s biggest provider of on-demand, in-person meeting spaces and conference centers has scaled back its footprint. Convene in recent weeks has closed three of its New York City locations, or about a fifth of its portfolio in the city. The three meeting spaces — at 780 Third Avenue, 730 Third Avenue and 810 Seventh Avenue — shuttered in mid-October, a spokesperson

The post Convene closes Manhattan locations as corporate events fail to return appeared first on The Real Deal New York.

Wed, 11/25/2020 - 11:18
As Covid-19 takes a toll on the nation, its spread is affecting women’s health in unique ways and spurring the need for more research to understand gender differences in health outcomes, Northwell...

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Wed, 11/25/2020 - 11:00

The city’s largest construction union is taking steps to root out possible ties to organized crime among its members. The New York City District Council of Carpenters, which has been under court supervision since 1994, is expanding the authority of its federal monitor to bring charges against union members suspected of “knowingly associating with any member or associate of any La Cosa Nostra crime family or any other criminal group,” according to an order filed

The post NYC carpenters union changes how it roots out mob ties appeared first on The Real Deal New York.

Wed, 11/25/2020 - 10:43
Pilgrim balloon in 1946. Photo via Macy’s Inc. There are many famous traditions synonymous with New York City, and Macy’s Thanksgiving Day Parade is at the top of that list. The first parade marched down Broadway in the winter of 1924, and in the years since, it’s grown into an event with more than 3.5 million spectators. Though this year’s parade is going to look a bit different, the history behind the festivities and larger-than-life balloons is just as mesmerizing. Ahead, learn all about the parade’s 96 years and see some incredible archival photos. The first Santa float in the first Macy’s Parade, 1924. Photo courtesy […]
Wed, 11/25/2020 - 10:30

At J’s Cleaners, business had clawed up to 40 percent of pre-pandemic levels last month. But now, with Covid-19 soaring again, that number is expected to plummet. “If this thing keeps dragging, many small businesses will close. Maybe I could be one of them,” owner Albert Lee, who plans to permanently shutter four of his 15 locations, told Bloomberg. He is losing $1,000 to $2,000 monthly per store. As workers abandon suits for sweatpants, dry

The post Pandemic takes drastic toll on dry cleaners appeared first on The Real Deal New York.

Wed, 11/25/2020 - 10:24
Montefiore Health System and the Albert Einstein College of Medicine this week announced the opening of a unit designd to enroll people in clinical trials testing the efficacy of Covid-19...

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Wed, 11/25/2020 - 10:24
Montefiore Health System and Albert Einstein College of Medicine this week announced the opening of a unit that will enroll people in clinical trials testing the efficacy of Covid-19...

To view the full story, click the title link.
Wed, 11/25/2020 - 10:05

Investment in Opportunity Zones is growing at a rapid pace, and so is skepticism about the program — and whether its incentives for pouring cash into low-income communities amount to a tax dodge. The Economic Innovation Group, a policy group that’s a proponent of the program, identified 186 real estate and business investments in Opportunity Zones in the United States. Of those, the majority — 145 — are in real estate, the New York Times

The post Real estate deals dominate Opportunity Zones. Is that bad? appeared first on The Real Deal New York.

Wed, 11/25/2020 - 09:56
Democratic legislative leaders in New York said Monday that the party had won enough seats in the election to gain a veto-proof supermajority in the state Senate. Senate Majority Leader Andrea...

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