Blog Profile / Crain's New York Business
| URL : | http://www.crainsnewyork.com | |
|---|---|---|
| Filed Under: | United States / New York | |
| Posts on Regator: | 8249 | |
| Posts / Week: | 69.8 | |
| Archived Since: | February 17, 2011 | |
Blog Post Archive
UWS Hertz garage likely to sprout a condo
A humble Hertz rental car garage on West 77th Street has been snapped up for a sum well above original estimates of around $45 million, according to sources. The buyer of the property at 210 W. 77th St., between Broadway and Amsterdam Avenue, is the Naftali Group, a development firm. Show More Summary
Posh Upper East Side eatery closes for remake
The Post House restaurant at the swanky Lowell Hotel on the Upper East Side is closing in August for a six-month renovation, according to a notice filed with the Department of Labor. The restaurant's operator, Fourth Wall Restaurants, declined to comment on the revamp and hotel management did not return calls. Show More Summary
Huge ship cruises home to Manhattan
The largest cruise ship to make New York City its home port arrived on Tuesday at Manhattan Cruise Terminal. On Wednesday, Mayor Michael Bloomberg, Cardinal Timothy Dolan, the Rockettes and a gaggle of other city officials and entertainers came out to celebrate the event. Show More Summary
Judge unveils names of secretly taped pols
On Wednesday afternoon, a federal judge released the names of nine individuals—including seven lawmakers—who were secretly recorded by former Queens state Sen. Shirley Huntley. In an effort to lighten her own sentence in a corruption case, she had agreed to cooperate with authorities and wore a wire in conversations with colleagues and associates. Show More Summary
Rockabus returning to ravaged Rockaways
Fort Tilden beach may be closed this summer, but Rockabus—the private bus service started last year that gave Williamsburg, Brooklyn, dwellers an easy way to get out to the topless, tattooed wonderland on the Queens shore—will be expanding its service starting Memorial Day weekend. Show More Summary
Paid-sick bill finally gets a vote
After three years, dozens of rallies, numerous studies and a seemingly endless back-and-forth between supporters and opponents, the City Council approved a bill Wednesday mandating businesses with 20 or more employees to begin offering paid sick days starting in 2014. Show More Summary
NYC employees' pension divests from gun companies
The pension fund for New York City employees has sold all stock it held in gun and ammunition companies. City Comptroller John Liu made the announcement about the New York City Employees' Retirement System on Wednesday. The move follows a similar one in February by the pension for city teachers. Show More Summary
A pair of midtown office towers fetch well over $1B
American Realty Advisors has acquired the 28-story office building 499 Park Ave. for an undisclosed price, the building's owner Hines announced Wednesday morning. Houston-based Hines also said it has sold 425 Lexington Ave., a 31-story tower it had also recently put up for sale. Show More Summary
Council green-lights Cornell tech campus
Cornell's new tech campus on Roosevelt Island got the official go-ahead from the City Council Wednesday, paving the way for the school to break ground in 2014. The 2 million-square-foot applied science and engineering school, first announced by Mayor Michael Bloomberg in Dec. Show More Summary
NYC-bound flight hit by lightning, lands safely
An American Eagle flight from Detroit has landed safely at New York's LaGuardia Airport after being struck by lightning. American Airlines spokesman Matt Miller says American Eagle Flight 4563 was struck twice by lightning as it approached New York on Wednesday morning. Show More Summary
Dining on music with Scott Ambrose Reilly
Music lovers can be overwhelmed with choices as they browse iTunes and Amazon. That's where X5 Music Group comes in: Founded in Stockholm in 2003, the company has built a $14 million business creating digital compilation albums mostly from the classical catalogs of smaller labels. Show More Summary
Online apt. searching boasts new tool: humans
From Aptsandlofts.com to Zillow, tech entrepreneurs in recent years have been talking about transforming, or "disrupting," the way people find a home online. Urban Compass, a new downtown-based startup that officially launched Tuesday, has a novel idea for how technology can bring the apartment hunt into the 21st Century. Show More Summary
Shake Shack finally steps to Grand Central
Woo hoo! Burgers, fries and shakes for people working near or traveling through Grand Central are coming, soon. After a struggle lasting more than two years and including multiple lawsuits, one bankruptcy and an eviction notice, Mexican...Show More Summary
Names of pols recorded on wire to be released
The rumor mill surrounding Albany corruption, already bustling since the arrest of a Brooklyn state senator Monday, is about to get even hotter. On Tuesday afternoon, U.S. District Judge Jack Weinstein ordered that the names of seven elected officials and two other people secretly recorded by former Queens state Sen. Show More Summary
Bloomberg eyes cause for shifting Garden
As Madison Square Garden seeks a new special permit to continue to operate in midtown, its executives have insisted that anything less than a permit "in perpetuity" would hamstring the arena's ability to operate. Opponents are pushing for a far shorter term renewal of the permit which expired recently, arguing in favor of 10 years to 15 years. Show More Summary
What do Related Cos. and Spanx have in common?
Hedge-fund manager Paul Singer and hosiery tycoon Sara Blakely promised to donate at least half of their fortune to charity as part of the initiative started by Warren Buffett and Bill and Melinda Gates. The two were joined by Lord Michael...Show More Summary
Donald Trump to launch crowdfunding site
Television personality and businessman Donald Trump is set to announce Wednesday the launch of his latest venture—a crowdfunding site called FundAnything, which is designed to compete with leaders in the field like Kickstarter and Indiegogo. Show More Summary
Catsimatidis lands Liberal backing
On Tuesday morning, the semi-defunct Liberal Party announced that it is endorsing Republican mayoral candidate John Catsimatidis. Will it matter? The party lost its ballot status in 2002, when Gov. Andrew Cuomo—running for governor on its line—pulled out and the party failed to get the required 50,000 votes. Show More Summary
Verizon to put half of headquarters on the market
Verizon announced on Tuesday that it will sell or lease half of its historic corporate headquarters at 140 West St., a move that comes after the company decided earlier this year to move about 1,100 workers from the site to downtown Brooklyn. Show More Summary
Retailers flock to Flatiron to beat the heat on rents
High rents and few vacancies in more established retail neighborhoods are paving the way for the Flatiron district to come into its own as a shopping destination. There, demand for space along both Fifth Avenue and Broadway between West...Show More Summary