Most talked about Crain's New York Business stories

De Blasio blindsided by Cuomo's decision to close subways

crainsnewyork.com — Gov. Andrew Cuomo did not give Mayor Bill de Blasio advance notice of his plan to close the public transit system as an expected blizzard bore down on the city, the mayor said during a storm briefing Tuesday. "We found out just as it was being announced," Mr. de Blasio told reporters.
Jan 27, 2015

RT @SamSifton: Crains says BdB was "blindsided" by Cuomo's decision to close subways: crainsnewyork.com/article/201501….

Jan 27, 2015

Crains says BdB was "blindsided" by Cuomo's decision to close subways: crainsnewyork.com/article/201501….

Jan 27, 2015

@GlynnMacN: WOW. De Blasio didn't know Cuomo closing subway til he announced it. crainsnewyork.com/article/201501…” wow indeed.

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De Blasio got 15 minutes' notice of Cuomo's decision to close subways

crainsnewyork.com — Updated: Gov. Andrew Cuomo did not give Mayor Bill de Blasio much notice of his plan to close the public transit system as an expected blizzard bore down on the city, the mayor said during a storm briefing Tuesday.
Jan 27, 2015

RT @andyjayhawk: We're closing the subway! Don't tell the mayor. It'll be high-larious! crainsnewyork.com/article/201501…

Jan 27, 2015

RT @andyjayhawk: Was de Blasio 'blindsided'? Maybe. Did he have more than a 15 minutes heads-up? Nope. crainsnewyork.com/article/201501…

Jan 27, 2015

RT @Taniel: "It was the second time Cuomo has made major policy decisions affecting NYC without conferring with the mayor." crainsnewyork.com/article/201501…

Jan 27, 2015

RT @andyjayhawk: Was de Blasio 'blindsided'? Maybe. Did he have more than a 15 minutes heads-up? Nope. crainsnewyork.com/article/201501…

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Brooklyn gas station to pump new rental building

crainsnewyork.com — Adam America, a real estate investment and development firm that has several residential projects in Brooklyn either underway or completed, has locked down its next deal in the borough. The company has acquired 1525 Bedford Ave., a development site on the corner of Eastern Parkway, about two blocks east of Prospect Park in Crown Heights, paying $32.5 million.
Jan 27, 2015

Crown Heights gas station to become 173-unit apt building, only 20% of which will be affordable. crainsnewyork.com/article/201501… via @dangeiger79

Much at stake for NYC, Assembly in race for speaker

crainsnewyork.com — This much we know: Sheldon Silver's two-decade run as speaker of the New York State Assembly is about to end. But it remains to be seen whether the powerful post remains in the hands of a New York City member and how much authority the new speaker will have to yield to rank-and-file members to secure the necessary votes.
Jan 27, 2015

Crains: @BilldeBlasio "has not lined up behind any candidate but is thought to favor Mr. Heastie" via @CrainsNewYork amp.ac/u0x

Wanted: Small Investors to fund 3 WTC

crainsnewyork.com — One of the leaders in a burgeoning business that aims to raise capital for real estate investment and finance by crowdfunding is doing its highest-profile deal yet.
Jan 27, 2015

Crowdfunding site @Fundrise offers investors a chance to buy a stake in 3 WTC via @dangeiger79 via @CrainsNewYork amp.ac/u0n

Jan 27, 2015

@fundrise, firm that gives everyday folks chance to invest in major real estate assets, markets stake in 3 WTC: crainsnewyork.com/article/201501…

Cuomo shrugs off storm shutdown's effect on biz

crainsnewyork.com — Updated: Business impact? What business impact? Gov. Andrew Cuomo on Tuesday morning downplayed the loss of business that resulted from his decision to halt public transportation and ban travel from the roads for the blizzard that wasn't. "I don't know how much business you do after 11 o'clock at night," the governor said, smiling.

Dud snowstorm wallops Met Opera, Broadway

crainsnewyork.com — The Metropolitan Opera may have taken the biggest blow from the Blizzard That Wasn't on Monday because it was forced to cancel a benefit gala that was to take place after a premiere of a new production. Other cultural institutions, including Broadway theaters, also were shuttered amid dire weather predictions.

Food suppliers, eateries face losses from Snore-Easter

crainsnewyork.com — Updated: The Blizzard That Wasn't surely had an impact, but not the one that everyone expected. Frustrated business owners say the directive to close all roads by 11 p.m. and the dire safety warnings issued by public officials should have been revised when it became clear that the snowstorm was not living up to the hype.

De Blasio got 15 minutes' notice of Cuomo's decision to close subways - The Insider Blog

crainsnewyork.com — Updated: Gov. Andrew Cuomo did not give Mayor Bill de Blasio much notice of his plan to close the public transit system as an expected blizzard bore down on the city, the mayor said during a storm briefing Tuesday.

New York almost first for tech IPOs, M&As

crainsnewyork.com — New York state held onto its second-place national ranking for tech-startup exits in 2014, with 158 companies that either went public or were acquired, compared with 144 in 2013, according to a new report. The prize for biggest exit went to OnDeck Capital, which raised $200 million in an initial public offering in December at a valuation of $1.3 billion.

B'klyn gas station to pump new rez building

crainsnewyork.com — Adam America, a real estate investment and development firm that has several residential projects in Brooklyn either underway or completed, has locked down its next deal in the borough. The company has acquired 1525 Bedford Ave., a development site on the corner of Eastern Parkway, about two blocks east of Prospect Park in Crown Heights, paying $32.5 million.

The real jobs story in NY emerges

crainsnewyork.com — The story of this recovery has been that the vast majority of new jobs have been low-wage work in retail, restaurants and health care. What is missing from this narrative is that New York City is also creating a significant number of high-paying jobs in industries ranging from tech to advertising.
Jan 27, 2015

More than some of the almost 70K advertising jobs NYC added in 2014 are also tech jobs... crainsnewyork.com/article/201501…

$1B deal for 230 Park Ave.

crainsnewyork.com — RXR Realty is close to buying 230 Park Ave. for $1 billion. The sellers of the property wanted to get as much as $1.5 billion for the trophy office tower formerly known as the Helmsley Building near Grand Central Terminal, according to the New York Post.
Jan 27, 2015

The RED Wrap: $1B deal for 230 Park Ave. via @nypost and more via @CrainsNewYork amp.ac/t-U

Blizzard fizzles | Silver ultimatum | Wall Street pushback

crainsnewyork.com — The winter storm moving up the East Coast spared New York the brunt of its fury, but not before much of the city ground to a halt. State Assembly Democrats told Sheldon Silver he must step down as speaker because of his arrest on federal corruption
Jan 27, 2015

Morning 10: Blizzard fizzles | Silver ultimatum | Wall Street pushback via @tomacitelli via @CrainsNewYork amp.ac/t-B

Curious take on Uber's storm pricing

crainsnewyork.com — In what might seem a curious application of logic, the Committee for Taxi Safety asserted Monday that lower car-service prices during a historic blizzard would make the roads safer. The group was complaining about Uber applying its surge pricing during the massive snowstorm, charging 2.8 times its normal rate.

Mayor bans driving, guv to shut transit system

crainsnewyork.com — As a potentially historic blizzard descends on the region, Gov. Andrew Cuomo announced Monday that public transportation will curtail much of its service this evening. The Metropolitan Transportation Authority will switch to limited service after 7 p.m., with much of the system's above-ground service to shut down, and Metro-North and Long Island Rail Road will stop operating at 11 p.m.
Jan 26, 2015

No driving. No train. No Citibike. If you're not at home, you're screwed. via @CrainsNewYork amp.ac/t-u

Jan 26, 2015

Remember kids, "a food delivery bicycle is not an emergency vehicle." crainsnewyork.com/article/201501… by @andyjayhawk

Jan 26, 2015

Mayor @billdeBlasio bans driving, guv @NYGovCuomo to shut transit system via @andyjayhawk via @CrainsNewYork amp.ac/t-f

The companies that pile up snowstorm profits

crainsnewyork.com — As millions brace for the major snowstorm that could dump more than two feet of snow between Monday and Wednesday, some businesses expect to pile up the profits as well. The National Weather Service predicted that the storm may be the worst to hit the Northeast in recent years.

MTA suggests commuters get home by 7 p.m.

crainsnewyork.com — As a potentially historic blizzard descends on the region, Gov. Andrew Cuomo announced Monday that public transportation will curtail much of its service this evening. The Metropolitan Transportation Authority will switch to limited service after 7 p.m., with much of the system's above-ground service to shut down, and Metro-North and Long Island Rail Road will stop operating at 11 p.m.

Growing calls for Silver to quit as speaker

crainsnewyork.com — On Monday, city Comptroller Scott Stringer called on embattled Assembly Speaker Sheldon Silver to resign his leadership position permanently, hours after Mr. Silver announced he would step down temporarily to fight criminal charges.