Crain's New York Business

1,289 Followers | @CrainsNewYork | Where New York business intersects with life & politics.

Blackstone valuation may jump 50% with C-Corp, analyst says

The switch to a C-corp also enables firms to be included in indexes, which could increase stock valuations<p>Blackstone Group LP could convert into a …

Venture Capital

Former aide to Hillary Clinton, Andrew Cuomo to run for attorney general

A Buffalo attorney and former adviser to Democrats Hillary Clinton and Andrew Cuomo has announced her candidacy for New York attorney general.<p>Leecia …

Government

For the first time in 226 years, woman to lead the NYSE

Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board<p>The New York …

Wall Street

- Peek inside rare $24M double-townhouse in the heart of the Upper East Side Gallery

Peek inside rare $24M double-townhouse in the heart of the Upper East Side

Manhattan

Brown Harris Stevens Co-president Bess Freedman says the 144-year-old real estate firm still won't send listings to StreetEasy

Bess Freedman on modernizing her 144-year-old real estate firm<p>Having stepped in as co-president of Brown Harris Stevens in December, Bess Freedman …

Real Estate

New York's outdated 'scaffold law' penalizes Gateway project

The last thing it needs is an extra $300 million in insurance costs<p>Fixing New York’s decrepit infrastructure is a high priority and includes crucial …

Health Care

A safe, eco-friendly, less costly alternative to concrete and steel high-rises

Technology can create lumber resistant to fire, mold and termites. New York should allow it<p>To the editor:<p>Regarding the proposed lifting of the …

Housing

Sorry spectacle at the Met is apropos of new fee policy

By charging admission, the museum violates the public trust<p>It is both sad and ironic that the Metropolitan Museum of Art’s ostentatious annual gala …

Miley Cyrus

Run, Preet, run

Everyone says the former prosecutor is perfect for New York attorney general<p>To the editor:<p>After reading your editorial "Bharara for attorney …

Preet Bharara

Luggage retailer Away gets $4 million from Cuomo to stay in SoHo

State tax breaks for the luggage designer to move less than a mile<p>Sometimes companies are awarded financial incentives to relocate to New York from …

Taxes

New York City Council bill would force landlords to install smart thermostats in apartments

Buildings with the most temperature violations would need internet-linked thermometers<p>Say aah, landlords. The city could soon be taking the …

New York City Council

Staten Island's Empire Outlet mall adds upscale retailer Brooks Brothers

Brooks Brothers signs with unfinished project for 4,000 square feet<p>The developer of a new $350 million outlet mall on Staten Island is injecting more …

Staten Island

Big plans for Sunnyside Yard could boost values in Dutch Kills

The neighborhood on the edge of Sunnyside Yard in Queens was rezoned by the city in 2008<p>Dutch Kills, a neighborhood on the edge of Sunnyside Yard in …

Real Estate

After $1.5B overhaul, new Goethals Bridge open on both sides

The Staten Island Advance says traffic moved smoothly during the Monday morning rush-hour.<p>The new Goethals Bridge between New York and New Jersey is …

Staten Island

State funds could help Planned Parenthood clinics affected by latest defunding attempt

New York state already supplements the family planning funds that Planned Parenthood and other clinics receive under Title X<p>The Trump administration …

Health Care

Rezoning is a winning formula for Upper Manhattan—and beyond

In two decades, Inwood has added fewer than 200 units of housing. Consequently, rents have surged<p>Here we go again. Another big rezoning is being …

Housing

Rezoning is a winning formula for Upper Manhattan—and beyond

In two decades, Inwood has added fewer than 200 units of housing. Consequently, rents have surged<p>Here we go again. Another big rezoning is being …

Housing

City and state not doing so great

Compared with elsewhere, economic growth is lousy and property taxes are unfair<p>To the editor:<p>Our leaders in Albany and New York City seem to …

New York City

ICYMI: Fate of 14th Street now focus of L-pocalypse debate

Among the many nightmare scenarios imagined in advance of the April 2019 shutdown of the L line's East River tunnel, one that looms large is the risk …

Bill de Blasio

Waste carting in NYC doesn't look green to him

Activist: The data don't back up commercial haulers' claims<p>To the editor:<p>The owners of New York City’s private waste companies continue to put more …

Sustainability

For the Record: Kurimanzutto | Peachy's | White Cube Gallery

For the Record is a listing to help businesspeople in New York find opportunities, potential new clients and updates on customers<p><i>Get your news on the</i> …

Real Estate

Greg David: Taxing decisions for New York as weed and betting near legality

Goldilocks problem: High levies trigger cheating; low ones leave money on the table<p>In the near future, New York is likely to have no alternative but …

Cannabis

ICYMI: Fate of 14th Street now focus of L-pocalypse debate

Among the many nightmare scenarios imagined in advance of the April 2019 shutdown of the L line's East River tunnel, one that looms large is the risk …

Bill de Blasio

Plaza Hotel buyers Ashkenazy, Alwaleed sue owner

Ashkenazy Acquisition Corp. and Saudi Prince Alwaleed bin Talal's Kingdom Holding Co., the investors trying to buy the historic Plaza Hotel, sued the …

New York State

JetBlue Airways names Joanna Geraghty new president as CEO Robin Hayes shifts to long-term strategy

JetBlue Airways Corp. is promoting Joanna Geraghty to president, tasking her with running day-to-day operations while freeing up Chief Executive …

JetBlue

Lloyd Blankfein said to likely step down from Goldman Sachs in December, according to New York Times

Lloyd Blankfein will probably step down as Goldman Sachs Group Inc.'s chief executive in December, <i>The New York Times</i> reported, citing people familiar …

Goldman Sachs

New York appellate judges OK removal of affordable apartments from rent regulation

Judges OK removal of affordable apartments from regulation<p>A panel of judges delivered a victory for Lower Manhattan landlords Thursday, ruling that …

Real Estate

Gateway Development Corp. gets green light to push ahead with key aspect of tunnel project

Work must be completed before western half of Hudson Yards is decked over<p>The government agency charged with overseeing the construction of a new pair …

New Jersey

Letter to the editor: Affordable housing and preservation are not enemies

To the editor:<p>It is important to rectify a number of assertions made or implied in the Real Estate Board of New York's recent letter. ("Letter to the …

Housing

New Jersey Transit buses collide inside Lincoln Tunnel in Manhattan

The cause of the crash is under investigation<p>A New Jersey Transit bus collided with another inside the Lincoln Tunnel, injuring 32 people including …

New Jersey