New York Business News
Finance
Court Extends Halt on NY Personal Assistance Program Transition
News Summary A U.S. District Court judge has postponed the transition of New York’s Consumer Directed Personal Assistance Program to Public Partnerships LLC, extending the halt until July 1. This...
Rising Tensions in NYC as Socialist Candidate Gains Ground
News Summary New York City is seeing increasing tensions with Zohran Mamdani, a self-identified socialist, gaining traction in the Democratic mayoral race. His rise has alarmed business leaders concerned about...
News Corp Extends CEO Robert Thomson’s Contract Through 2030
News Summary News Corp has announced the extension of CEO Robert Thomson’s contract through June 2030, reflecting confidence in his leadership amidst ongoing challenges in the media industry. Since taking...
Kingston Recognized as Key Economic Signal City
News Summary Kingston has been highlighted as one of New York’s key economic signal cities for 2025, ranking second after Utica, according to a MarketBeat survey of over 3,000 business...
Peapack-Gladstone Financial Expands into Long Island
News Summary Peapack-Gladstone Financial Corporation is launching a new location for its subsidiary, Peapack Private Bank & Trust, in Long Island. This expansion addresses the need for personalized financial solutions...
New York Senate and Assembly Passes FAIR Business Practices Act
News Summary The New York State Senate and Assembly have passed the FAIR Business Practices Act, aiming to enhance consumer protections statewide. The legislation seeks to combat unfair and deceptive...
Businesses in New York Embrace Payroll Outsourcing
News Summary In New York, more businesses are outsourcing payroll to alleviate rising labor costs and comply with complex regulations. This trend spans various industries as companies seek experts to...
Waverly Man Charged with Grand Larceny for Bank Theft
News Summary Timothy Davis, a 42-year-old man from Waverly, has been arrested following allegations of theft from a victim’s bank account involving thousands of dollars. Charged with third-degree grand larceny,...
Chetrit Family Faces Financial and Legal Struggles
News Summary The Chetrit family is embroiled in significant financial and legal troubles following the death of Jacob Chetrit. A lawsuit is claiming tens of millions in unpaid loans related...
Construction
Hyatt and Silverstein Propose Casino Complex in NYC
News Summary Hyatt Hotels Corporation and Silverstein Properties are partnering to develop a new casino complex named ‘Destination by Hyatt’ near the Jacob Javits Center in Manhattan. The project will...
New Luxury Development 1515 Surf Completed in Coney Island
News Summary The newly completed luxury residential development, 1515 Surf, in Coney Island features 463 residential units and state-of-the-art amenities. Developed by LCOR, this 100% electric building emphasizes energy efficiency...
West Shore Business Improvement District Boosts Industrial Growth
News Summary The West Shore Business Improvement District (WSBID) in Staten Island is emerging as a crucial hub for industrial growth in NYC. Spanning 230 acres, it attracts diverse sectors...
Bronx Development Site Sold for $11.5 Million
News Summary A significant real estate transaction occurred in the Kingsbridge neighborhood of the Bronx, where a property at 205 W. 230th St. was sold for $11.5 million. The buyer...
New York State Announces $42 Million Infrastructure Investment
News Summary New York State has unveiled two major rehabilitation projects for Interstate 88, totaling $42 million, aimed at improving roadway safety and supporting economic growth. The first project involves...
BXP Unveils Plans for New Office Tower at 343 Madison Avenue
News Summary BXP has announced plans to construct a new 46-story office tower at 343 Madison Avenue in New York City, estimated at $2 billion. The speculative project reflects strong...
McFarland Johnson Expands Operations with New Texas Office
News Summary McFarland Johnson, an engineering firm based in Binghamton, has opened a new office in Brownsville, Texas, to support infrastructure development in the region. This expansion is part of...
Memorial Sloan Kettering Reduces Height of New Pavilion
News Summary Memorial Sloan Kettering has announced a reduction in the height of its new hospital tower on East 67th Street, decreasing it from 557 feet to 481 feet. This...
Super PAC Supporting Andrew Cuomo Raises $10 Million in NYC Mayoral Race
News Summary The super PAC ‘Fix the City,’ backing Andrew Cuomo in the NYC mayoral race, has raised $10 million, making it the largest outside spending force in the city’s...
Real Estate & Properties
Hiwin Group Unveils Plans for 30-Story Mixed-Use Tower in Midtown Manhattan
News Summary Hiwin Group, a leading real estate firm, has announced its plans for a 30-story mixed-use tower in Midtown Manhattan, featuring 125 residential units and commercial spaces. The project...
Chetrit Family Faces Financial and Legal Struggles
News Summary The Chetrit family is embroiled in significant financial and legal troubles following the death of Jacob Chetrit. A lawsuit is claiming tens of millions in unpaid loans related...
Hyatt and Silverstein Propose Casino Complex in NYC
News Summary Hyatt Hotels Corporation and Silverstein Properties are partnering to develop a new casino complex named ‘Destination by Hyatt’ near the Jacob Javits Center in Manhattan. The project will...
Floyd Mayweather Jr. and Avi Davidov Purchase Midtown Diamond Exchange for $27 Million
News Summary Floyd Mayweather Jr. and jeweler Avi Davidov have acquired the Midtown Diamond Exchange for $27 million. The 3-story building on 1192 Sixth Ave. spans 4,600 square feet and...
Floyd Mayweather and Avi Davidov Acquire Midtown Manhattan Property
News Summary Celebrity jeweler Avi Davidov and retired boxing champion Floyd Mayweather Jr. have acquired a three-story property in Midtown Manhattan for $27 million. The building, located at 1196 Sixth...
NYC Commercial Real Estate Sees Major Transactions
News Summary New York City’s commercial real estate sector is witnessing significant activity, including a 20-year lease by NYC Elite Gymnastics in Manhattan and property sales in the Bronx worth...
NYC Real Estate Market Shifts with New Legislation
News Summary New York City’s real estate market is undergoing significant changes due to the Fairness in Apartment Rental Expenses (FARE) Act, which shifts broker fee responsibilities from tenants to...
New York City Moves Forward with Parcel E Redevelopment in Hunter’s Point South
News Summary New York City has released a request for proposals (RFP) to redevelop Parcel E at Hunter’s Point South. The project aims to transform the vacant site into a...
New York City Real Estate Market Faces Significant Challenges
News Summary New York City’s real estate market continues to grapple with economic uncertainties, as luxury contract signings plunge. Recent notable property transactions include the sale of the Goodwin mansion...
Marketing
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,...
