Crain's New York Business

Crain's New York Business Crain’s is a trusted voice of the New York business community that features reports on emerging trends, interviews with thought leaders and industry experts, and coverage of commercial opportunities, economic changes, politics and more.

Crain's New York Business and CrainsNewYork.com were founded by Crain Communications Inc., publisher of more than 25 special interest publications. Crain's provides the fast-breaking stories and in-depth reports of local business news that have made Crain's the most trusted name in New York business. With award winning content that cannot be found in any other publication, Crain's continually scoops other publications. In 2010, Crain's New York Business celebrated its 25th anniversary.

Crain's New York Business and CrainsNewYork.com were founded by Crain Communications Inc., publisher of more than 25 special interest publications. Crain's provides the fast-breaking stories and in-depth reports of local business news that have made Crain's the most trusted name in New York business. With award winning content that cannot be found in any other publication, Crain's continually scoops other publications. In 2010, Crain's New York Business celebrated its 25th anniversary.

Mission: Business in New York is constantly changing and Crain's New York Business brings you the continuous coverage of local business news you need to stay informed and ahead of the competition.

Operating as usual

Champions in health care: The backbone in the fight against the coronavirus #CrainsNY http://ow.ly/Xc5y50CRxti
12/22/2020

Champions in health care: The backbone in the fight against the coronavirus #CrainsNY http://ow.ly/Xc5y50CRxti

Erica Buckley’s current partner position at Nixon Peabody LLP, where she oversees transactional issues and government in...
12/22/2020

Erica Buckley’s current partner position at Nixon Peabody LLP, where she oversees transactional issues and government investigations involving real estate securities as cooperatives and condominiums practice team leader #Notable http://ow.ly/ReJD50CRsGG

Jessica Boelter serves as lead counsel for the Boy Scouts of America in its highly public and highly fraught Chapter 11 ...
12/22/2020

Jessica Boelter serves as lead counsel for the Boy Scouts of America in its highly public and highly fraught Chapter 11 proceedings White & Case LLP http://ow.ly/nGql50CRsCK

Sarah Biser, who has been ranked by Chambers USA as a leader in construction law for 11 years running, represents owners...
12/22/2020

Sarah Biser, who has been ranked by Chambers USA as a leader in construction law for 11 years running, represents owners, contractors, developers, architects and engineers throughout the project life cycle @FoxRothschild #Notable http://ow.ly/G3by50CRhVd

Private-fund formation is a tricky business—but luckily for investment fund sponsors, Erica Berthou is armed with a vari...
12/22/2020

Private-fund formation is a tricky business—but luckily for investment fund sponsors, Erica Berthou is armed with a variety of strategies to accomplish that goal Kirkland & Ellis #Notable http://ow.ly/ZVv750CRhA4

Apartment List, a rental platform, has raised $50 million in a funding round led by Janus Henderson Investors. It roughl...
12/22/2020

Apartment List, a rental platform, has raised $50 million in a funding round led by Janus Henderson Investors. It roughly doubled its prior valuation to more than $600 million #CrainsNY http://ow.ly/MmbC50CRoTS

Kerry Berchem, an expert on tax-driven transactions, works with post-restructured companies in various sectors to levera...
12/22/2020

Kerry Berchem, an expert on tax-driven transactions, works with post-restructured companies in various sectors to leverage tax positions and execute multibillion-dollar transactions Akin Gump Strauss Hauer & Feld LLP #Notable http://ow.ly/968450CRhul

The owner of the Tillary Hotel, the boutique lodging property in Downtown Brooklyn that briefly became a homeless shelte...
12/21/2020

The owner of the Tillary Hotel, the boutique lodging property in Downtown Brooklyn that briefly became a homeless shelter after being shuttered by the Covid-19 pandemic, has filed for bankruptcy #CrainsNY http://ow.ly/jbkU50CRoQN

Barbara Becker is widely regarded as one of New York’s top mergers-and-acquisitions lawyers—a notion that more than a do...
12/21/2020

Barbara Becker is widely regarded as one of New York’s top mergers-and-acquisitions lawyers—a notion that more than a dozen industry awards substantiate Gibson, Dunn & Crutcher LLP Careers #Notable http://ow.ly/1sIk50CRh9L

The family behind Century 21, the bankrupt department store chain, is going to war with Ben Ashkenazy @natalieLsach http...
12/21/2020

The family behind Century 21, the bankrupt department store chain, is going to war with Ben Ashkenazy @natalieLsach http://ow.ly/eQU950CRoFW

What Congress's $325B stimulus package could mean for New York's small businesses @brianpascus http://ow.ly/73Zg50CRowN
12/21/2020

What Congress's $325B stimulus package could mean for New York's small businesses @brianpascus http://ow.ly/73Zg50CRowN

In her day job, as managing partner at @fragomen, Carmita Alonso represents technology organizations and financial servi...
12/21/2020

In her day job, as managing partner at @fragomen, Carmita Alonso represents technology organizations and financial services companies, among other corporate clients, counseling them on strategic decisions related to immigration programs #Notable http://ow.ly/pqmF50CRgMr

HFZ Capital is facing yet another accusation of skipping out on bills at its luxury condo project along the High Line @E...
12/21/2020

HFZ Capital is facing yet another accusation of skipping out on bills at its luxury condo project along the High Line @Eddie_Small http://ow.ly/KclT50CRolF

Donna Aldea is a partner at the boutique law firm @barketepstein as well as head of its post-conviction and appellate pr...
12/21/2020

Donna Aldea is a partner at the boutique law firm @barketepstein as well as head of its post-conviction and appellate practice group, but that comes on the heels of her years (1999–2013) as an assistant district attorney in Queens County #Notable http://ow.ly/ErM950CRgFo

The House and Senate are set to vote Monday on a roughly $900 billion pandemic relief bill that would be the second-bigg...
12/21/2020

The House and Senate are set to vote Monday on a roughly $900 billion pandemic relief bill that would be the second-biggest economic rescue measure in the nation’s history #CrainsNY http://ow.ly/yOBR50CRo2I

Meriam Al-Rashid’s practice spans several continents and industries at @ESgloballaw #Notable http://ow.ly/o7Fr50CRgvK
12/21/2020

Meriam Al-Rashid’s practice spans several continents and industries at @ESgloballaw #Notable http://ow.ly/o7Fr50CRgvK

St. Barnabas Hospital, the 422-bed flagship of SBH Health System in the Bronx, announced this month that it has partnere...
12/21/2020

St. Barnabas Hospital, the 422-bed flagship of SBH Health System in the Bronx, announced this month that it has partnered with health-tech firm Voyce to support interpretation services for patients and their care teams @Jen_Henderson1 http://ow.ly/RhAZ50CRi13

Lauren Aguiar has extensive experience representing plaintiffs and defendants in a bevy of legal arenas: breach of contr...
12/21/2020

Lauren Aguiar has extensive experience representing plaintiffs and defendants in a bevy of legal arenas: breach of contract, fraud and fiduciary duty litigation, false advertising, trademark and disputes related to employment @SkaddenArps #Notable http://ow.ly/oyEP50CRd6n

Crain’s recognizes these 103 honorees for its 2021 list of Notable Women in Law award. These impressive attorneys were c...
12/21/2020

Crain’s recognizes these 103 honorees for its 2021 list of Notable Women in Law award. These impressive attorneys were chosen not only for their skills and accomplishments, but also for their efforts to shore up the edifice of justice #Notable http://ow.ly/nUOz50CRd1I

The 2021 Book of Lists contains 31 lists published by throughout 2020. Use the data to find clients, analyze the market ...
12/21/2020

The 2021 Book of Lists contains 31 lists published by throughout 2020. Use the data to find clients, analyze the market and research potential vendors, investors, donors and employers http://ow.ly/lkDk50CR4ME

Out of Office: Tasca puts its spin on cuisine with Spanish and Caribbean roots #CrainsNY http://ow.ly/inzA50CR4Bf
12/21/2020

Out of Office: Tasca puts its spin on cuisine with Spanish and Caribbean roots #CrainsNY http://ow.ly/inzA50CR4Bf

Is a city beset by a pandemic and an economic crisis in the mood for a little holiday cheer? @RyanDDeff http://ow.ly/3BH...
12/21/2020

Is a city beset by a pandemic and an economic crisis in the mood for a little holiday cheer? @RyanDDeff http://ow.ly/3BHt50CR4sB

Meet the Champions. As 2020 ends, we want to recognize all those who sacrificed so much on behalf of their fellow New Yo...
12/21/2020

Meet the Champions. As 2020 ends, we want to recognize all those who sacrificed so much on behalf of their fellow New Yorkers in the past 10 months—one of the most trying times in the city’s history #CrainsNY http://ow.ly/pLll50CR4mb

The mayor’s office of legal counsel had announced on Thursday night what they referred to as new state-directed guidelin...
12/18/2020
City backtracks, calls ban on bathroom access for diners 'a mistake'

The mayor’s office of legal counsel had announced on Thursday night what they referred to as new state-directed guidelines that added to Gov. Andrew Cuomo’s Dec. 14 ban on indoor dining in New York City @brianpascus http://ow.ly/tFWO50CPzsA

A new rule banning outdoor-dining customers from entering New York City restaurants to use the restroom was called "a mistake" and reversed on Friday by Hizzoner.  The mayor’s office of legal counsel announced on Thursday night what it referred to as new state…

Barone Management filed plans for a 25-story, 177-unit project at the address later in 2015, and the developer was repor...
12/18/2020
Developer Chang sells Midtown hotel project for $31.5M

Barone Management filed plans for a 25-story, 177-unit project at the address later in 2015, and the developer was reportedly almost done constructing a Pestana Hotel on the site at the beginning of the year. However, the project is still unfinished http://ow.ly/cqDD50CPh2W

Prolific hotel developer Sam Chang has parted ways with another one of his projects amid the city’s most challenging hotel market in recent history. Chang’s McSam Hotel Group has sold 338 W. 39th St. to a limited liability company linked to Ivy Realty for $31.5 million, according to…

The announcement came after @CrainsNewYork reported lawmakers and residents were frustrated that the funds in the govern...
12/18/2020
After delay, New York reopens rent-relief program through Feb. 1

The announcement came after @CrainsNewYork reported lawmakers and residents were frustrated that the funds in the governor's program were not being disbursed and reform promised weeks ago had not materialized @Eddie_Small http://ow.ly/gn3C50CPgYN

The state housing agency has reopened its troubled $100 million Covid-19 rent relief program as of Friday and will allow people to apply for funds through Feb. 1, Commissioner Ruthanne Visnauskas announced Thursday evening. The announcement came after a Crain's reported…

"NYC Cyber Command has found no evidence of breaches into our systems related to the SolarWinds supply chain compromise,...
12/18/2020
'No evidence' city was cyberhacked despite work with breached company

"NYC Cyber Command has found no evidence of breaches into our systems related to the SolarWinds supply chain compromise, including the related FireEye breach," said Laura Feyer, a spokeswoman for Mayor Bill de Blasio @ryanddeff http://ow.ly/zKsY50CPgNs

Multiple New York City departments work with the same private software company that exposed federal agencies and corporations to hackers, but city officials say investigations up to this point have not found any systems to be compromised.    "NYC Cyber Command has found no evidence…

12/18/2020

The company didn’t admit wrongdoing, as is customary in these settlements, but promised to sin no more @InTheMkts http://ow.ly/bVfH50CPgJu

“What I’m worried about is we’re going to lose $60 million,” said Assemblywoman @LindaBRosenthal, “because if it’s not s...
12/18/2020
Cuomo slammed for failing to enact executive order to reopen, expand rent-relief program

“What I’m worried about is we’re going to lose $60 million,” said Assemblywoman @LindaBRosenthal, “because if it’s not spent by the 30th, it’s gone, and that would be scandalous because there are so many people who will be evicted.” http://ow.ly/Rg9H50CPgjl

Gov. Andrew Cuomo’s executive order to reopen and expand the state’s beleaguered rent-relief program has yet to materialize two weeks after he announced it, frustrating advocates and members of the state Legislature who have long been calling for the program to be reformed, i...

For months Cuomo, along with Mayor Bill de Blasio, has been hammering home the need for the city and the state to receiv...
12/18/2020
'Hyper-political, parochial madness': $900 billion relief bill stiffs New York

For months Cuomo, along with Mayor Bill de Blasio, has been hammering home the need for the city and the state to receive federal aid in any upcoming stimulus package @Brianpascus http://ow.ly/dFXC50CPgfb

Last-minute changes to the $900 billion coronavirus aid package being negotiated by Congress could leave New York without any federal aid, creating a huge budget problem for Gov. Andrew Cuomo as the year draws to a close. For months Cuomo, along with Mayor Bill de Blasio, has …

U.S. District Judge Jed Rakoff is known for his sharp opinions inside and outside the courtroomhttps://www.crainsnewyork...
12/18/2020
Influential federal judge sends 'serious warning' to private equity

U.S. District Judge Jed Rakoff is known for his sharp opinions inside and outside the courtroomhttps://www.crainsnewyork.com/markets/influential-federal-judge-sends-serious-warning-private-equity

U.S. District Judge Jed Rakoff is known for his sharp opinions inside and outside the courtroom. In 2013 the Manhattan judge criticized prosecutors for allowing financial executives to escape justice after the financial crisis. Two years earlier he rejected a $285 million settlement between…

Int. 1396, sponsored by Councilwoman Adrienne Adams, would require any fast-food company laying off newer employees befo...
12/17/2020
Fast-food workers could get union-style protection from City Council

Int. 1396, sponsored by Councilwoman Adrienne Adams, would require any fast-food company laying off newer employees before letting go employees with more time on the job @brianpascus http://ow.ly/zBlJ50COrmJ

A pair of bills moving likely to pass the City Council Thursday could upend the fast-food industry and change the nature of at-will employment in New York City. On Tuesday, City Council’s Committee on Civil Service and Labor passed two local laws aimed at amending wrongful discharge…

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