Crain's New York Business covers what's next for power, money and property in the city. Leaders from The who and what you need to know to succeed in New York business.
Operating as usual
Local retailers have been on a buying spree across Brooklyn, according to a new report from the Real Estate Board of New York. See which neighborhoods are attracting attention.
But the sector's average asking rents in the borough remain below prepandemic levels
Long Island City has a new brewery, just in time for day drinking season.
Finback already has locations in Queens and Brooklyn
We are accepting entries for our annual Best Places to Work program. This recognition program ranks organizations on a variety of factors - including company culture, employee programs and benefits packages
Learn More: http://ow.ly/I4Ut50ISEYx
A Morningside Heights doorman on how the pandemic changed his role. "It's not the old days anymore, when you would sign for a couple of packages and just be around the lobby."
Concierges went from manning the lobby to managing a deluge of package deliveries and repair requests, says Felix Figueroa
Sticker shock is pushing more New Yorkers to search for new housing as pandemic rent breaks expire.
More New York apartment renters are declining to renew leases as they’re being presented with post-pandemic rate increases, landlord Equity...
After two years of screens, workers beckoned back to office want to match the filtered, digital version of themselves. As Dr. David Shafer says, "you can't be your virtual-reality self at work. You have to be your real self."
After two years of Zoom, New Yorkers flock to "Botox bars" for a pre-office refresh, spurring industry growth and providing refuge for Covid-weary health care workers
As the debate about how to shuttle people to and from LaGuardia Airport drags on, travelers can take a free 10-minute shuttle from Jackson Heights to the airport starting May 1.
Starting May 1, travelers will be able to ride the bus to and from the airport for free
"Damn right, Grandma. You definitely deserve better." Co-founders Kelly Froelich and Katie Reed share the story that inspired them to start Balanced, a fitness platform for people over 55 years old.
Co-founders Katie Reed and Kelly Froelich saw a hole in the online exercise landscape while living with their grandparents
A Midtown Holiday Inn is the latest hotel to shut its doors as the city sunsets a program that used vacant hotels to quarantine homeless shelter residents who tested positive for Covid-19.
More than 60 hotels were used to house thousands of homeless New Yorkers during the pandemic
"It all comes down to this: safety, jobs, schools and housing," Adams said Tuesday as he unveiled a $99.7 billion budget proposal.
"It all comes down to this: safety, jobs, schools and housing," Adams said during a speech Tuesday at Kings Theatre in Brooklyn
The Metropolitan Transportation Authority - MTA's new "Fareness" panel will develop innovative solutions to curb fare evasion, a problem MTA chief Janno Lieber calls "a threat to the spirit" of New York.
Transit officials said the agency cannot afford to miss out on a single dollar with ridership well below prepandemic levels and fare revenue down
Four days after Etsy merchants ended the #EtsyStrike to protest higher seller fees, the Dumbo-based marketplace disclosed that CEO Josh Silverman was paid more than $40 million in 2021—20 times more than the prior year.
The Dumbo-based marketplace said Josh Silverman hasn't received a "long-term incentive" in years
The 82nd-floor condo is over 1,100 feet in the air and features five bedrooms, six bathrooms, a media room, a chef’s kitchen and a 1,100-square-foot great room.
The condo unit was first listed for $90 million when it hit the market in 2020
The move was praised by elected officials and transit advocates as a crucial step toward addressing street safety, particularly as the city experienced its deadliest spike in traffic deaths during the first three months of this year.
The investment in street-safety infrastructure falls well short of the City Council’s ask
The business community doesn’t need Andrew Cuomo and his comeback effort because Kathy Hochul shares his politics, and they will get what they need from her, writes columnist Ross Barkan.
The business community doesn’t need Cuomo because Gov. Kathy Hochul shares his politics, and they will get what they need from her
Harry's catapulted to fame by selling sleek, low-priced razors over the internet. A decade later, the firm is valued at $2 billion and has plans to expand through more products that fulfill an “unmet consumer need.”
The Hudson Square-based firm raised $140 million earlier this year and is currently valued at $2 billion
After 15 years and a proven business model, food kiosk stalwart Wafels & Dinges is ready to take its Belgian waffles nationwide.
After 15 years, Wafels & Dinges is ready to sell franchises
Several of the city's most expensive homes have one thing in common: Their owners don't actually live in New York City.
Half of New York’s foreign purchasers hailed from Asia in 2021
The best way to get travelers to LGA may be to utilize an existing station—the JFK AirTrain hub in Jamaica, writes Old Astoria Neighborhood Association President Richard Khuzami.
Of all the plans being proposed, the existing JFK AirTrain hub in Jamaica seems to be the best solution
A Queens real estate developer is in hot water for allegedly misappropriating funds to purchase three Long Island mansions, one of which he planned to use as a dump site.
Richard Xia is being investigated by the SEC in connection with allegedly defrauding investors on two Queens projects
How Noah Bernamoff and Matt Kliegman grew Black Seed Bagels from a tiny Nolita storefront to eight NYC locations and counting.
The company has fine-tuned its real estate strategy to capitalize on its bagels' popularity
Since the 19th century, second homes in New York have attracted royalty, captains of industry, artists and celebrities.
Take a peek inside the pieds-à-terre of the rich and famous below.
Since the 19th century, royalty, captains of industry and artists have fancied pieds-à-terre in the city
It's a surefire money-raising strategy for the state: Impose an extra tax on the wealthy owners of the city's pieds-à-terre. But despite its promise, the levy hasn't come to fruition yet.
Behind the arguments for and against an extra levy on the wealthy’s second homes in the city
The city's business districts are joining together to push for concrete policies that address quality-of-life concerns in Manhattan.
Manhattan business leaders want the governor and mayor to keep focusing on public safety and partner with them on quality-of-life solutions
Just like a good recipe, successful real estate deals depend on the right chemistry, says Jacqueline Klinger, a partner at TSCG who's brokered deals for some of the biggest names in food.
From Wholefoodsmarket to sweetgreen to SugarFish Sushi, see how she does it in the latest edition of "The Closer."
Jacqueline Klinger of The Shopping Center Group has been negotiating contracts in the food and beverage industry for two decades
The new Williamsburg Market will be “French country farmhouse meets Brooklyn industrial."
Two years after closing, the space at North Third and Kent is set to welcome 18 vendors
“New York is as great and sexy as ever, and people are feeling philanthropic,” said Josh Wood Productions, one of the City Harvest Gala's producers.
A key party on the philanthropy circuit is on for the first time in three years
"Now is the time to bet on the city." Greg Kraut of KPG Funds shares an optimistic view of the city's office space.
KPG adds value to older properties by updating them with tenant demand in mind, CEO Greg Kraut says
Start with vodka, go to Mars. Air Company has created carbon-negative vodka and perfumes and won a NASA challenge for turning carbon dioxide into sugar.
Air Co. has created carbon-negative vodka and perfumes and won a NASA challenge for turning carbon dioxide into sugar
UES stalwart Agata & Valentina has opened a new market dedicated to gluten-free versions of Italian specialties.
Agata & Valentina expands with an emporium for those who cannot tolerate the grain protein
Inside Google's $2.3 billion expansion: CFO Ruth Porat explains why the company is doubling down on office space while other firms are pulling back.
Google CFO Ruth Porat shares why the company is doubling down on office space while other firms are pulling back
The city's spending on homeless services has quadrupled since the mid-1990s, but those efforts often miss the crux of the issue: There simply isn’t enough housing in New York.
How years of policy missteps contributed to a boom in the unhoused population
New York is adding jobs more slowly than it did last year, though increases occurred in the sectors that might be expected: ones hit hard by pandemic shutdowns.
The city is adding jobs more slowly than it did last year
Post-pandemic, restaurants have realized that the only way to attract the staff they need is to try to become better places to work. Read on to learn what changes eateries like Di An Di, Zooba NYC, Hot Bread Kitchen, Lilia Ristorante and more are making to attract top talent.
Employers have realized that the best way to attract the staff they need is to become better places to work
Take a peek inside JPMorgan's new global headquarters in Midtown.
The new 1,388-foot building on Park Avenue is expected to be the city’s largest all-electric tower
Be the first to know and let us send you an email when Crain's New York Business posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.
Send a message to Crain's New York Business:
