NYC Real Estate News

Tue, 09/22/2020 - 13:56
A biotech startup will be trying to brew new cancer therapies in West Harlem’s Mink Building—once the site of several beer manufacturers—after signing on for 11,000 square feet of lab space in the...

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Tue, 09/22/2020 - 13:49
Photo by ajay_suresh on Flickr New York gyms, malls, museums, and restaurants, have all been given the green light from officials to reopen. Why not comedy clubs? State Sen. Michael Gianaris is proposing new measures that would allow comedy venues to immediately reopen under the same coronavirus restriction placed on other indoor activities, which would include a 25 percent capacity limit. “I challenge anyone to explain why comedy clubs would be less safe to operate than restaurants or bowling alleys,” Gianaris, who represents parts of Queens, told the New York Post. The proposals would make the same measures currently proposed for restaurants […]
Tue, 09/22/2020 - 13:45

New York City restaurants in need of a savior can strike one candidate off the list: the city itself. Mayor Bill de Blasio said in a press conference Monday that his administration cannot afford to support restaurants as they face massive financial losses. “It’s a very painful situation and this is such a big part of our city’s life and such a big part of our communities, our economy, you name it,” the mayor said.

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Tue, 09/22/2020 - 13:43
Mayor Bill de Blasio’s administration stated its support of expanding the city’s strict new emissions standards to rent-regulated buildings at a City Council hearing Tuesday, despite concerns from...

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Tue, 09/22/2020 - 13:30

Curbside cuisine may become a permanent fixture in New York City’s streets. A new bill introduced in the City Council Tuesday would repeal the current temporary program and make outdoor dining a lasting staple. The bill is being introduced by Council members Antonio Reynoso and Keith Powers. In addition to expanding outdoor dining, the bill would legalize outdoor propane heaters. “Outdoor dining has been a lifeline to restaurants across all 5 boros during COVID19. Extension

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Tue, 09/22/2020 - 13:04
Universal coronavirus tests for departing passengers offer the only realistic hope of reviving demand for flights in the absence of a vaccine, the International Air Transport Association said...

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Tue, 09/22/2020 - 12:57
Ralph Lauren Corp. said it is trimming its workforce, as the preppy apparel maker changes its structure and accelerates plans to shift to more online sales. The cuts are expected to be made by the...

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Tue, 09/22/2020 - 12:44
Household net worth surged in the second quarter to surpass the pre-pandemic peak after a virus-driven slump at the start of the year, as a rebound in stocks buoyed Americans’ wealth. Household net...

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Tue, 09/22/2020 - 12:44

New York’s real estate industry have another potential tax to worry about. A handful of New York legislators want to match New Jersey’s move last week to increase taxes on seven-figure earners to help plug the state’s growing budget deficit, according to the Wall Street Journal. Legislators in the Garden State agreed to raise Jersey’s tax rate to 10.75 percent from 8.97 percent for those earning between $1 million and $5 million. The move is

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Tue, 09/22/2020 - 12:30
Photo by Caroline on Flickr The Brooklyn Municipal Building will be renamed after Justice Ruth Bader Ginsburg, Mayor Bill de Blasio announced on Tuesday. The idea to honor the Brooklyn native was first floated two years ago by Borough President Eric Adams, who launched a campaign in 2018 calling on the mayor to sign off on the change. De Blasio’s approval this week follows Ginsburg’s death last Friday. “What an extraordinary opportunity to say to the people of Brooklyn, here’s one of your own who changed the world,” de Blasio said during a press briefing Tuesday. Adams in 2017 first […]