NYC Real Estate News

Mon, 12/04/2023 - 05:48

Most survey respondents expect their personal investments to do better next year.

Mon, 12/04/2023 - 05:33


  • Columbia University gets $21M to study how equity interventions improve maternal health
  • City health department estimates that 14% of adult New Yorkers experienced serious psychological distress in 2022
  • Catholic Health reports nearly 2% operating loss in the third quarter
Mon, 12/04/2023 - 05:03

With family premiums rising for employer-sponsored health insurance in an inflationary environment, many employers in the New York City area want to make sure their employees get the greatest possible benefit from their healthcare. The average premium hit $23,968 this year, with workers contributing $6,575 and employers paying the balance, according to the Kaiser Family Foundation Health Benefits Survey. Against the backdrop of higher costs, 44% of insured adults worry about affording their deductible before their health coverage kicks in, according to other research from KFF.

One way employers can keep costs down is by encouraging preventative care and management of chronic conditions. It’s easier to tackle healthcare challenges if they’re caught early, and routine checkups and gynecological screenings are covered by many health plans with no patient co-pay. Healthy employees, in turn, are less likely to call in sick, allowing their workplaces to stay productive.

So how can employers encourage their teams to take care of themselves, physically and mentally, and tap into the valuable benefits in their health plans? For insight, Crain’s Content Studio spoke with AnneBeth Litt, MD, Chief Medical Director, Empire BlueCross BlueShield (Empire). 

CRAIN’S:  Why is it important for employers to encourage employees to become more engaged with their healthcare?

ANNEBETH LITT: Keeping your employees engaged in their overall health means a happier, stronger, and more productive workforce – and one that is less likely to call in sick.

Simplifying the experience for employees and offering member engagement programs are key to making them more willing to access care. For example, ensuring your health coverage includes virtual care options allows employees to focus on their well-being in a way that fits their schedules and needs.

In addition, health plans like Empire offer health benefits integration of comprehensive medical, dental, vision, and pharmacy benefits to allow for faster identification and closure of care gaps. By taking a holistic view of your employees’ health, potential issues can be more easily identified—whether it’s not taking medications as prescribed, missing important lab tests, or skipping flu shots and other preventive screenings or wellness visits. And that leads to better health outcomes.

CRAIN’S: How much can employee engagement in healthcare reduce costs for employers?

ANNEBETH LITT: Well-implemented workplace health programs can lead to 25 percent savings on healthcare costs, according to the Centers for Disease Control and Prevention.1 The most effective health and wellness programs are the ones employees use. That’s why it’s important to tailor your benefits to your employees’ needs. Members’ engagement with their benefits can be improved through personalized resources, digital tools, health advocacy, navigation support, and health and wellness programs. Network/benefit design can optimize employer costs through value-based care arrangements, network discounts, and high-performance and curated networks. Your health plan is your partner in promoting better health while helping to manage your healthcare dollars to keep care affordable. 

CRAIN’S: What are some low-cost things employers can do to help employees optimize their well-being?

ANNEBETH LITT: One of the best ways to promote better health is by encouraging preventive care and screenings to catch emerging health issues early. A good place to start is by promoting annual primary care visits. In addition to our robust network of providers, Empire offers virtual primary care, available through our SydneySM Health mobile app. Eligible members have access to a virtual care team that conducts an initial health check-in, creates a personalized care plan, and provides services at little or no cost to the member. This is one of the many ways Empire offers access to affordable, high-quality care from preventive screenings to chronic care management.

Employee education is also a powerful tool. Wellness programs and trainings that boost prioritizing sleep, daily exercise, eating healthy food, and drinking more water will reap rewards for your employees’ health.

CRAIN’S: How can employers provide support for chronic conditions?

ANNEBETH LITT: Given that 90 percent of annual healthcare expenses are attributed to people with chronic and mental health conditions, according to the CDC, employers can achieve significant savings through improved care management.2 Your health plan can identify at-risk employees and their gaps in care, and partner with them to establish their healthcare team to support their wellness journey. This approach can lead to fewer emergency room visits, lower hospitalization rates, increased preventive screenings and employees receiving the right care at the right place at the right time.

CRAIN’S: How can employers best support their employees’ behavioral healthcare needs?

ANNEBETH LITT: Productive teams thrive in workplace cultures that value positive mental health. Many health plans now offer both in-person and virtual behavioral healthcare options and encourage members to choose in-network providers for the lowest out-of-pocket costs. Because treatment is highly individualized and personalized, having access to a comprehensive network with a variety of care options is crucial. At Empire, we have been working to bring new types of providers into our network, including virtual, outpatient, at-home, and residential behavioral health providers. By encouraging employees to use available and confidential resources, leaders can also actively work to reduce the stigma around mental health.

To view the print PDF, click HERE.

1 Centers for Disease Control and Prevention. “Control Health Care Costs.” Accessed at:

2 Centers for Disease Control and Prevention. “Health and Economic Costs of Chronic Diseases.” Accessed at:

Mon, 12/04/2023 - 05:03

In response to economic challenges like inflation and labor shortages, JPMorgan Chase advises New York City businesses to maintain liquidity, invest in future growth areas like AI and manufacturing, and leverage partnerships with banks for strategic guidance. These steps are crucial for navigating the current uncertain economic landscape.

Mon, 12/04/2023 - 05:01
A “boathouse” retreat in the hills of Los Angeles, a ranch house in Solvang and a 1964 home in Foster City.
Sun, 12/03/2023 - 16:30

Dallas-based developer Harwood International is gearing up for another high-rise project. The company unveiled plans for Harwood No. 15, a 23-story office building located just north of downtown Dallas, the Dallas Morning News reported. Positioned on Wolf Street near Harry Hines Boulevard, close to the Dallas North Tollway entrance within the expansive Harwood mixed-use district, […]

The post Harwood International unveils plans for 23-story Dallas office tower appeared first on The Real Deal.

Sun, 12/03/2023 - 15:00

A Michigan man was sentenced last week for his role in multiple frauds, including a $40 million Ponzi scheme and bilking a New York City-based real estate company out of $175,000. Franklin Ray, 52, of Canton, Michigan, was sentenced to 212 months in prison by U.S. District Judge Analisa Torres, according to a press release […]

The post Fraudster sentenced for $40M Ponzi scheme, swindling NYC real estate company appeared first on The Real Deal.

Sun, 12/03/2023 - 13:00

The real estate industry is gearing up for Miami Art Week, one of the biggest economic drivers in South Florida.  The week’s festivities have expanded so much that it has become more about the parties, brunches and private dinners — for some.  Brokerages and developers are continuing to tap into the potentially massive wealthy client […]

The post The Weekly Dirt: Real estate and art converge appeared first on The Real Deal.

Sun, 12/03/2023 - 12:00

No, it’s not a dream, like Bobby Ewing’s death in season eight of “Dallas”. Actor Patrick Duffy’s southern Oregon ranch, known as the Duffy Ranch, is set to go under the hammer with no minimum starting bid, Oregon Live reported. The 329-acre property along the scenic Rogue River, which is listed for just under $11 […]

The post “Dallas” Actor Patrick Duffy’s $11M Oregon ranch heads to auction appeared first on The Real Deal.

Sun, 12/03/2023 - 11:00

Cryptocurrency flew high, but, like Icarus, came crashing down. So it’s almost a perfect metaphor that former FTX executive Ryan Salame has put up his private Connecticut airport, Triumph Airfield, for sale for $2 million, the Hartford Business Journal reported. The 68-acre property near the Massachusetts border in North Canaan includes a two-bedroom home, three […]

The post Former FTX executive’s private Connecticut airport lists for $2M appeared first on The Real Deal.