New York Business News
Finance
New York’s Marijuana Sales Set to Exceed $2 Billion
News Summary New York is poised to reach over $2 billion in legal marijuana sales by August 2025, fueled by an upward trend since the market’s launch in December 2022....
Criticism of Trump’s Anti-Capitalism Agenda by NYC Committeeman
News Summary A Democratic committeeman from New York City has expressed strong criticism of President Trump’s anti-capitalism policies, arguing that they threaten the economic stability provided by small businesses. Citing...
Rome Authorities Warn Residents of Sophisticated Scam
News Summary Local authorities in Rome, New York, are alerting residents about a new scam that defrauds victims of up to $50,000. Scammers impersonate reputable organizations and create urgency and...
Surge in New Business Registrations in Central New York
News Summary Central New York witnessed a significant increase in new business registrations, with 33 establishments reported in July. This reflects a growing entrepreneurial spirit, although some businesses closed operations...
Boca Raton Launches NYtoBoca Campaign to Attract New Residents
News Summary Boca Raton is starting an initiative called ‘NYtoBoca’, focusing on attracting residents from New York City by highlighting its favorable living conditions. With a significant advertisement in Times...
Sofia Family Sells NYC Industrial Properties for $100 Million
News Summary The Sofia family has sold multiple industrial properties in New York City, totaling $100 million, as part of a financial restructuring amid a bankruptcy filing. Notable transactions include...
Curtis Sliwa Gains Business Support in Mayoral Race
News Summary Curtis Sliwa, the Republican mayoral candidate, is attracting attention from business leaders due to his competitive polling against Democratic candidates. A recent meeting with Kathryn Wylde, CEO of...
New York PSC Moves to Revoke Attyx’s Solar License
News Summary The New York Public Service Commission has initiated proceedings to revoke the operating license of Attyx, formerly SUNco, due to multiple complaints of fraudulent sales practices in the...
Robert Albergotti Joins Portage Point Partners as Managing Director
News Summary Robert Albergotti has been appointed Managing Director at Portage Point Partners, focusing on Turnaround & Restructuring Services. With over 20 years of experience, he is set to enhance...
Construction
New Apartment Development Proposed in Norwalk
News Summary A developer has submitted plans for a new 40-unit apartment building next to a 57-unit complex in Norwalk, addressing rising housing demands as the population grows. The project...
Megan Vanderbrook Appointed Associate Principal at King + King Architects
News Summary Megan Vanderbrook has been appointed as associate principal at King + King Architects LLP in Syracuse. With 18 years of experience, she will enhance the firm’s contributions to...
Brooklyn SolarWorks Sees Surge in Solar Installations
News Summary Brooklyn SolarWorks is experiencing a remarkable increase in demand for solar panel installations as New York City building owners rush to secure federal tax credits before they expire....
Zohran Mamdani Leads in NYC Mayoral Race Polls
News Summary In the competitive race for New York City’s mayor, Assembly Member Zohran Mamdani leads with 40% support in a recent poll, outpacing former Governor Andrew Cuomo at 24%....
Northeast Businesses Struggle with New Tariffs on Imports
News Summary Businesses across the Northeast are grappling with new tariffs on imported goods, particularly affecting the restaurant and manufacturing sectors. The 10% tariff on Italian tomatoes has significantly squeezed...
New York State Launches Resource Guide for Tariff-Impacted Businesses
News Summary New York has introduced a resource guide to support businesses affected by tariffs, addressing rising operational costs and decreased Canadian tourism. Governor Kathy Hochul’s initiative includes updated duty...
New York State Launches Online Guide for Businesses Affected by Tariffs
News Summary New York State has launched an online guide to help businesses adapt to federal tariffs. Announced by Governor Kathy Hochul, the guide offers resources and strategies to mitigate...
Central New York Community Foundation Appoints New Board Members
News Summary The Central New York Community Foundation has appointed Angela Lee and H. Douglas Pinckney as new board members to enhance community engagement and governance. Both will begin their...
Approval Granted for Demolition of Upper East Side Townhouses
News Summary Manuel Glas has received approval to demolish two townhouses at 167 and 169 E. 79th St. in NYC. This paves the way for future developments, though no construction...
Real Estate & Properties
New Apartment Development Proposed in Norwalk
News Summary A developer has submitted plans for a new 40-unit apartment building next to a 57-unit complex in Norwalk, addressing rising housing demands as the population grows. The project...
Salina Proposes New Holiday Inn Express Hotel
News Summary A new Holiday Inn Express hotel is proposed for Salina, New York, featuring 92 rooms across four floors. The development is expected to boost local tourism and lodging...
Boca Raton Launches NYtoBoca Campaign to Attract New Residents
News Summary Boca Raton is starting an initiative called ‘NYtoBoca’, focusing on attracting residents from New York City by highlighting its favorable living conditions. With a significant advertisement in Times...
Sofia Family Sells NYC Industrial Properties for $100 Million
News Summary The Sofia family has sold multiple industrial properties in New York City, totaling $100 million, as part of a financial restructuring amid a bankruptcy filing. Notable transactions include...
Hawkins Way Capital Acquires World’s Tallest Holiday Inn
News Summary Hawkins Way Capital has acquired the tallest Holiday Inn in the world for $155 million in Manhattan’s Financial District. The 50-story hotel includes 492 rooms and an adjacent...
Historic NYC Townhouse Sold for Over $38 Million
News Summary A landmark Gilded Age townhouse in New York City has sold for over $38.2 million, showcasing the continued interest in historic properties. Originally valued at $49.5 million, this...
Stamford Property Sold to Investor Ira Schwartz
News Summary A property formerly home to a furniture retailer in Stamford, Connecticut, has been sold for $5.58 million to investor Ira Schwartz. This sale reflects a growing trend in...
Liam Neeson’s Upper West Side Apartment Sold
News Summary Liam Neeson’s Upper West Side apartment has been sold after four months on the market for $10.75 million, concluding a significant chapter in the actor’s life. Originally listed...
Turnbridge Equities Acquires Industrial Lot in College Point, Queens
News Summary Turnbridge Equities has acquired a 103,000-square-foot industrial lot in College Point, Queens for $20 million, marking its entry as a stalking horse bidder amid bankruptcy proceedings of Zano...
Marketing
Saatchi & Saatchi Appoints New President for New York Office
News Summary Saatchi & Saatchi has named Ben Grossman as President of its New York office, effective July 21. Grossman, with extensive advertising experience, is expected to drive creative excellence...
Navigating Sustainable Growth in Public Relations
News Summary In a recent DesignRush Podcast episode, 5WPR executives Ilisa Wirgin and Leigh Ann Ambrosi discussed sustainable growth strategies for public relations agencies. They emphasized the importance of managing...
Boyd Artesian Well Company Inducted into Historic Business Registry
News Summary Boyd Artesian Well Company, a family-owned business serving Putnam, Dutchess, and Westchester counties for over 50 years, has been inducted into the New York State Historic Business Preservation...
2025 Digiday Content Marketing Awards Highlight Innovative Campaigns
News Summary The 2025 Digiday Content Marketing Awards showcased remarkable achievements in video content and branded campaigns. With a focus on storytelling, brands like L’Oréal and e.l.f. Cosmetics exemplified innovation,...
