New York Business News
Finance
New York City Implements Taxi Plate Limits Amid Rideshare Surge
News Summary New York City’s Taxi and Limousine Commission has settled on limits for issuing new for-hire vehicle plates in response to an overwhelming surge in applications. With nearly 10,000...
New York City Workers Adjust Pay Aspirations Amid Economic Woes
News Summary Amidst economic uncertainty, many New York City workers are lowering their wage expectations for job opportunities. A recent survey shows the average ‘reservation wage’ has fallen significantly, reflecting...
U.S. Financial Markets Turbulence Amid Trade War
News Summary Financial markets in the U.S. are experiencing significant turmoil as the trade war escalates, leading to sharp declines in major stock indexes such as the S&P 500 and...
New York City Highlights Women’s Empowerment in Business
News Summary New York City is celebrating the remarkable journey of Katie Reiner Peykar, an entrepreneur leading the charge for women’s empowerment in business. From co-founding a safety app to...
New York Accounting Firm Joins Global Network to Enhance Services
News Summary JTS Associates CPAs, a New York-based accounting firm, has officially joined the Abacus Worldwide network. This partnership aims to bolster their business services for small and midsize businesses,...
New York City Faces Economic Threat from Antitrust Act
News Summary New York City is in the spotlight as the Business Council of New York State criticizes the proposed 21st Century Antitrust Act. With concerns over massive job losses...
New Proposal to Allow Wine Sales in New York Grocery Stores
News Summary A new bill proposed by State Senator George Borrello aims to allow grocery stores in New York to sell locally produced wines. This legislation seeks to balance consumer...
New York Times Company to Announce Q1 Financial Results
News Summary The New York Times Company is set to release its first-quarter financial results on May 7, 2025. Available on its investor relations website, an earnings conference call will...
New York City’s Skyline Transformations and Challenges
News Summary New York City’s skyline is evolving with notable real estate transactions and challenges. Recent highlights include Global Holdings securing a major lease, Ferrari’s flagship showroom opening, a shift...
Construction
Chobani Invests $1 Billion in New Manufacturing Facility in Rome, NY
News Summary Chobani is set to invest $1 billion in a new manufacturing facility in Rome, New York, which will cover 1.4 million square feet and create over 1,000 jobs....
Chobani Announces New Manufacturing Plant in Rome, NY
News Summary Chobani has unveiled plans to build a $1.2 billion yogurt manufacturing facility in Rome, New York, promising over 1,000 jobs by 2027. The 1.4 million square feet plant...
Long Island City Set for Major Zoning Change
News Summary New York City’s Long Island City is poised for a significant transformation with a new rezoning plan that will introduce nearly 15,000 homes by 2025. Spearheaded by Mayor...
Raquel Diaz Takes Leadership Role at Gilbane in NYC
News Summary Raquel Diaz has been appointed to lead Gilbane Building Company’s operations in New York City, marking an important milestone in her 18-year career in construction. With a proven...
Trade Turmoil: U.S.-China Relations Hit a New Low
News Summary As the trade war intensifies, businesses in New York City face soaring tariffs on Chinese imports, impacting everything from toys to electronics. With rates reaching as high as...
New York City Faces Fashion Crisis as Tariffs Hit Garment District
News Summary New York City’s iconic Garment District is reeling from new tariffs imposed by the Trump administration, impacting local businesses and consumers alike. The Alessi sisters, fabric importers, and...
Major Changes Following Garage Collapse in Lower Manhattan
News Summary In the wake of a tragic parking garage collapse in Lower Manhattan, plans to demolish a nearby apartment building at 55 Ann St. have emerged. This move follows...
New Residential Building Planned for The Bronx
News Summary A new nine-story residential building is set to be built at 2110 Crotona Avenue in The Bronx’s East Tremont neighborhood. The building will provide 72 residences across 51,100...
Slingerlands Faces Job Cuts as Plug Power Announces Layoffs
News Summary Plug Power, Inc. has announced plans to lay off 261 employees, significantly impacting its Slingerlands site. This decision, driven by economic challenges, has raised concerns about the future...
Real Estate & Properties
New Developments Transforming Manhattan and Brooklyn
News Summary New York City is witnessing significant changes with the Union Square Eye Center relocating to a new space in Manhattan, while the Phillips Club on Broadway has changed...
Real Estate Developments in New York City
News Summary New York City is witnessing a wave of real estate developments, from luxury retail openings to significant healthcare investments. In Dumbo, L’Ensemble has opened a chic boutique, while...
New Fine Dining Restaurant Felice Opens in Manhattan
News Summary A new Italian restaurant, Felice, is set to open in Trump Plaza, Manhattan, securing a 15-year lease. With 3,400 square feet, it aims to offer a luxurious dining...
Long Island City Set for Major Zoning Change
News Summary New York City’s Long Island City is poised for a significant transformation with a new rezoning plan that will introduce nearly 15,000 homes by 2025. Spearheaded by Mayor...
Kahen Properties Faces Major Loss in Washington Heights Sale
News Summary Kahen Properties experiences a staggering loss after selling four buildings in Washington Heights for $8.8 million, significantly lower than their 2018 purchase price of $22.1 million. This 60%...
Linda Evangelista Lists Stunning Manhattan Penthouse for $8.2 Million
News Summary Supermodel Linda Evangelista has listed her remarkable Manhattan penthouse in the historic Spears Building for $8.2 million. The spacious 4,022 square feet residence includes four bedrooms, two bathrooms,...
Surge in Manhattan Office Space and Performing Arts Leases
News Summary Manhattan is witnessing a significant revival in its performing arts and office spaces with notable leases like Aged in Wood Productions at 630 Ninth Ave. The International Society...
New York City’s Skyline Transformations and Challenges
News Summary New York City’s skyline is evolving with notable real estate transactions and challenges. Recent highlights include Global Holdings securing a major lease, Ferrari’s flagship showroom opening, a shift...
50 Cent Takes Aim at Floyd Mayweather’s Real Estate Claims
News Summary Rapper 50 Cent has once again turned his social media prowess on boxing champion Floyd Mayweather, mocking his claims of owning over 100 buildings in New York City....
Marketing
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