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
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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
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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
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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
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