Corient, a Miami-based wealth manager, and Pennsylvania-based Customers Bank will soon call 101 Park home.
Crain's New York Business
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CRAIN'S COVERS NEW YORK CITY BUSINESS, POLITICS AND THE ECONOMY. We know what and who you need to know. Business in New York is constantly changing, and CrainsNewYork.com brings you continuous coverage throughout the day of local business news to keep you informed and ahead of the competition. Crain's reports on business opportunities, deals, breaking news stories, detailed statistics and market information on more than a dozen key New York industries.
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Civic Hall will use the gift to complete renovations to classrooms and meeting spaces, and develop more programs such as partnerships with the city’s big tech companies.
Union Square tech hub gets $15M gift to expand and rename
crainsnewyork.com
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Dr. Ashwin Vasan's resignation marks the third city health commissioner in recent history to leave their post after serving for less than three years. While some turnover in the role is expected as administrations change, health commissioners must perform a particularly challenging balancing act: keeping the biggest city in the U.S. healthy while adhering to the mayor’s priorities. As it turns out, it's not easy being the city's doctor.
Why the city has seen a revolving door of health commissioners
crainsnewyork.com
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Headcounts at New York’s largest accounting firms increased by an average of just 6.8% in 2024, down from a 12% uptick last year and a 34% jump in 2022.
City’s accounting firms see a slowdown in hiring amid industry-wide workforce shortage
crainsnewyork.com
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The music label’s Jay Brown bought the home as his company plans a Times Square casino.
Roc Nation co-founder signs deal for $10M SoHo spread
crainsnewyork.com
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Cooper Union, which owns the land under tower, said RFR hasn’t paid rent for its ground lease since May.
RFR on verge of losing Chrysler Building
crainsnewyork.com
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Crain's New York Business reposted this
I wrote a Crain's New York Business column in July that said it seemed like nothing short of an indictment would seriously hurt Eric Adams' relationship with the city's real estate industry. So I guess it's time for a follow-up column to that. https://lnkd.in/eh4nZZ8u
On Real Estate: Industry went all in on Adams. Now what?
crainsnewyork.com
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Crain's New York Business reposted this
It turns out there are coworking firms out there other than WeWork. And it turns out a lot of those firms are quietly doing well enough to expand, providing landlords in NYC with a fairly small but very real boost in a still challenging market. Read my latest column in Crain's New York Business for more. https://lnkd.in/e7k6tvhs
On Real Estate: For coworking firms, keeping a low profile is the way to go
crainsnewyork.com
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Crain's New York Business reposted this
Wanted to share and hope you'll spend some time with an investigative project we just launched at Crain's New York Business on “New York's nonprofit shadow government.” It's an eye-opening and smart package of stories with records-driven reporting, lively storytelling and graphics that pop. The team identified and dug into 14 nonprofits with city deals of more than $1 billion apiece that provide services from homeless shelters to animal care. Billionaires' club members are relatively unknown, operate without heavy oversight, have sprawling teams including 47 people who earn more than the mayor, and are entrenched with contracts that often span decades. Fantastic work over several months by Nick Garber, Amanda Glodowski, Jason McGregor, Caroline Spivack, Anne Michaud and Eddie Small.
New York’s nonprofit shadow government
crainsnewyork.com
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It happens every year: The UN General Assembly convenes in Manhattan, setting off a wave of road closures and police escorts that snarl traffic. But this year, the commuter nightmare is expected to be particularly bad. The UN meeting, which kicks off on Sunday, coincides with already congested New York streets, spurred by an increase in post-pandemic driving and growing concerns about the reliability and safety of mass transit. The city has warned of road closures and detours that will complicate commutes for workers and residents, declaring "gridlock alert days" for the entire week. Officials note that during past UN General Assembly meetings, average vehicle speeds in Midtown have dropped to less than four miles per hour. Authorities are also prepared for potential security challenges and protests related to Israel’s military campaign in Gaza, though the interim police commissioner said Friday that there are no specific or credible threats at this time. September has already been a rough month for New York commuters. A recent crash in the Lincoln Tunnel caused 90-minute delays for NJ Transit buses, adding to traffic problems worsened by Fashion Week. Donald Trump also hosted a rally on Long Island that disrupted traffic, and appearances by the former president, his running mate JD Vance, and Joe Biden and Kamala Harris for a Sept. 11 commemoration further contributed to slowdowns. Read more: https://lnkd.in/eb8B74s2