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  • Long Island Rail Road is offering seaside travel packages at reduced fares May 29, 2024
    New Yorkers can ditch the car for a weekend beach trip with a new lineup of summer travel packages and the revival of a ticket discount program on the region’s commuter rail.The Metropolitan Transportation Authority is bringing back its discounted summer travel packages to Long Beach, Jones Beach, Robert Moses State Park and multiple locations […]
  • At a Glance: May 29 May 29, 2024
    YOUTH MENTAL HEALTH: Gov. Kathy Hochul met with advocates from the Mental Health Association in New York State on Tuesday to push for the passage of state legislation to reign in business practices used by social media companies that harm kids’ mental health. Hochul is advocating for the state legislatures to pass the Stop Addictive […]
  • NY-area hospital executive pay reaches new heights — again May 29, 2024
    Pay for the city’s highest-ranking hospital officials, which ballooned during the pandemic, continues to climb as Covid-19 recedes in the rear-view mirror, according to an exclusive data analysis from Crain’s.Average compensation among executives was $5.7 million for 2022, the most recent year for which data is available. The figure represents an 18% jump from 2021’s […]
  • On Politics: These city primaries could determine socialist influence in Albany May 29, 2024
    Much of the attention for the June primary season in New York has naturally focused on Westchester and the northern Bronx, where Jamaal Bowman is desperately trying trying to hold his congressional seat against George Latimer, the Westchester County executive. What happens there could, in various ways, determine the shape of national politics over the […]
  • Hochul spends $58M to bail out state health fund for babies harmed at birth May 28, 2024
    Gov. Kathy Hochul has allocated $58 million to rescue a financially ailing state fund that covers lifetime hospital costs for people hurt by medical malpractice at birth, extending the program for the remainder of this year, state budget officials confirmed. But the fund’s future remains unclear.The Medical Indemnity Fund, which started in 2011, has served […]
  • Submit your questions for the city's 5 borough presidents May 28, 2024
    The five borough presidents — Vito Fossella of Staten Island, Vanessa Gibson of the Bronx, Mark Levine of Manhattan, Antonio Reynoso of Brooklyn and Donovan Richards, Jr. of Queens —  will join Crain’s Editor-in-Chief Cory Schouten on June 5 for an interview about the big issues facing the city.We are asking our audience to participate […]
  • Paramount Group defies shareholders by reappointing chronically absent director May 28, 2024
    Midtown-based office landlord Paramount Group has defied its shareholders by reappointing a director who they voted to remove from the board.Nearly 56% of shareholder votes were cast against re-electing Katharina Otto-Bernstein after she missed 40% of board meetings last year, including the annual stockholder meeting. Otto-Bernstein is a filmmaker and daughter of the founder of […]
  • Coney Island could get 18-story, mixed-use development May 28, 2024
    A Manhattan-based real estate company with properties across the U.S. and Canada is proposing an 18-story, mixed-use development on Coney Island — less than a mile from the sprawling casino complex pitched by Thor Equities along Surf Avenue in Brooklyn.Helm Equities, an affiliate of the family-run firm JEMB Realty, is seeking a rezoning from the […]
  • Former Katharine Hepburn townhouse lists on historic Turtle Bay block May 28, 2024
    The Turtle Bay townhouse where late actress Katharine Hepburn lived for decades is looking for a taker.The four-bedroom property at 244 E. 49th St., between Second and Third Avenues, is asking $7.2 million, according to an ad that appeared this month. The 19-foot-wide home has six fireplaces, an eat-in kitchen and a wine cellar, plus […]
  • Deals of the Day: May 28 May 28, 2024
    LeasesFintech firm heading to Empire State BuildingAddress: 20 W. 34th St., ManhattanLandlord: Empire State Realty TrustTenant: Pontera SolutionsLease size: 40,679 square feetAsset type: OfficeBrokers: JLL's Justin Haber and Kyle Riker represented the tenant. Newmark's Scott Klau, Erik Harris and Neil Rubin represented the landlord, along with Shanae Ursini in-house.SalesFlushing developer acquires former Iguana New York […]