Real Estate Deal Watch

• Michelin ranks 5 New York hotels among the world's best April 25, 2024
  Last year, when World’s 50 Best issued its first global ranking of hotels, only two properties in the U.S. made the cut: the Equinox and Aman New York hotels, both in Manhattan.Now Michelin has arrived stateside, in its second-ever presentation of “keys” — a new system from the eponymous tiremaker that’s doling out one, two […]
• Papaya King disappearance latest sign of change on East 86th Street April 25, 2024
  The news this month that the former home of Papaya King, a tiny takeout joint on East 86th Street and a mainstay of the shopping strip since the Great Depression, will meet a wrecking ball to make way for housing came as a shock to some observers: How could a longtime business loved as much […]
• Health care spending grows in Adams’ $112B executive budget April 25, 2024
  Mayor Eric Adams’ nearly $112 billion executive budget, released Wednesday, includes more than $5 billion for health care initiatives, a figure that has grown by $172 million since his January preliminary budget.The revised plan avoids new spending cuts for city agencies and paints a rosier picture of the city’s future thanks to pared-down spending on […]
• NYU study finds understaffed nursing homes in disadvantaged areas more likely to give antipsychotic drugs April 25, 2024
  Nursing homes in underserved areas with insufficient staff are more likely to give their residents antipsychotic drugs, a new study from researchers at NYU’s nursing and medical schools has found.The research results, released Wednesday, make the first connection between homes’ location and medication prevalence. The study shows that understaffed nursing homes in severely disadvantaged neighborhoods […]
• Digital clinical trial startup to lay off half of its U.S. workforce by summer April 25, 2024
  A digital clinical trial company in Chelsea is laying off half its U.S. workforce this summer to move production overseas, part of an effort to cut costs after launching its latest clinical trial technology.ObvioHealth, a global company that develops technology to help researchers design and execute clinical trials, plans to lay off 51 workers from […]
• At a Glance: April 25 April 25, 2024
  PIG KIDNEY: A patient at NYU Langone Health became the first patient ever to receive both a mechanical heart pump and pig kidney transplant, the health system announced Wednesday. After receiving the heart pump, Lisa Pisano, a 54-year-old woman from New Jersey with heart and kidney failure, received a transplant of gene-edited pig kidney and […]
• Chelsea health startup raises $12M to expand digital care for kids April 25, 2024
  Digital care startup Summer Health raised $11.7 million in a Series A funding round to expand its text messaging platform for parents seeking medical advice for their kids, the company announced Tuesday.The Chelsea-based firm, which emerged in July 2022, offers parents a text messaging service to ask pediatricians questions about their kids’ health. Summer Health […]
• JPMorgan Chase finances $1 billion for affordable housing in NYC April 25, 2024
  There are a few things every single New Yorker has an opinion on: Times Square. The fate of the $1 pizza slice. Housing in NYC. Regardless of your feelings on the cost and availability of housing in the city, there’s no denying the importance and scale of the New York City Housing Authority (NYCHA), a vital […]
• Adams' $112B budget takes sunny view but rebuffs council push for more money April 24, 2024
  Mayor Eric Adams announced a revised $111.6 billion budget plan on Wednesday that avoids new spending cuts and increases estimates of the city’s tax haul, reflecting his administration’s increasingly sunny view of New York’s finances. But the proposal rebuffs the City Council’s request to undo far more of the billions of dollars in cuts he […]
• Carlyle Group adds more Brooklyn storage sites to portfolio April 24, 2024
  The Carlyle Group's Brooklyn buying spree is still going strong.The Washington, D.C.-based private equity giant has purchased two more self-storage properties, at 145 18th St. in Greenwood Heights and 163 Sackman St. in Brownsville, for $45.6 million in total, property records show: $25.6 million for 145 18th St. and $20 million for 163 Sackman St. […]