Most talked about Crain's New York Business stories

Carriage horses clip-clop away while de Blasio stalls on ban

crainsnewyork.com — (Bloomberg) -- New York Mayor Bill de Blasio assured animal-rights activists during his run for City Hall that he would rid Central Park of horse-drawn carriages, which he called inhumane. "We are going to get rid of the horse carriages, period," Mr. de Blasio said a few days before taking office Jan.
Oct 31, 2014

Carriage horses are fast becoming unwanted walking metaphors for de Blasion administration... crainsnewyork.com/article/201410…

Texas donor to mayor's cause benefited from de Blasio bill

crainsnewyork.com — Two weeks ago, a man named Alexis Lodde made a $100,000 donation to a Hudson Valley Democratic account. It was an exceptionally large gift, particularly for a Texan who until recently had never given money to a New York political campaign.

Patina takes a shine to Empire State Building

crainsnewyork.com — Patina Restaurant Group has a knack for getting prime real estate at some of the city's most famous tourist attractions, from Rockefeller Center-where it operates three eateries-to Lincoln Center and Madison Square Garden. Its latest coup is the Empire State Building, where it recently opened State Grill and Bar.

City admits error on Astoria Cove's affordable housing

crainsnewyork.com — City planners made a significant error in calculating the affordable-housing requirement at the proposed Astoria Cove development on the Queens waterfront, officials said Thursday, although the City Council still has time to hammer out a new agreement ahead of a late-November deadline.

Developer closes door on West Side tower plan

crainsnewyork.com — The Dermot Co. has decided to drop its plans to build a soaring residential tower at Hudson Yards in a deal that was supposed to net the Port Authority of New York & New Jersey as much as $175 million.

Scandal clouds real estate investor's empire

crainsnewyork.com — Nicholas Schorsch is one of New York's busiest buyers of real estate. In the past three years, he has made more than 60 deals around the country, including, in the city, Worldwide Plaza, a Times Square tower, and the Chelsea building that houses Twitter. But now the empire he's building is threatened by an accounting scandal.

Group may seek higher living wage at Bronx ice center

crainsnewyork.com — The developer looking to build the world's largest ice-skating complex at the Kingsbridge Armory in the Bronx will not have to match a recent increase in the city's living wage, according to an agreement it signed last year. Nonetheless, community activists may ask for a pay hike for the facility's staffers anyway.

NYPD's highest ranking black official resigns

Oct 31, 2014

Why do I fell like more will come out of this story?... NYPD's highest ranking black official resigns. crainsnewyork.com/article/201410…

S.I. psych center gets storm-ready building

crainsnewyork.com — Two years after the state-run South Beach Psychiatric Center in Staten Island was damaged by Sandy, a storm-ready facility has opened on the campus. The new Central Services Building was designed and built in just 21 months, using an expedited process that the state hopes will become the norm for rebuilding projects.

Texan donor to mayor's cause benefited from de Blasio bill

crainsnewyork.com — Two weeks ago, a man named Alexis Lodde made a $100,000 donation to a Hudson Valley Democratic account. It was an exceptionally large gift, particularly for a Texan who until recently had never given money to a New York political campaign.
Oct 31, 2014

Big donor to controversial de Blasio Senate committee got windfall in $42 million bus handout by mayor crainsnewyork.com/article/201410…

Queens landlord sued

crainsnewyork.com — A social services provider Fortune Society has filed a lawsuit against the landlord and manager of a rental building in Far Rockaway, Queens, claiming that they excluded rental applicants with criminal records from leasing apartments, according to The New York Times.
Oct 31, 2014

The RED Wrap: Queens landlord sued for excluding rental applicants with criminal records via @nytimes and more bit.ly/1nWrhCr

Big banks prepare | Parish mergers | Ebola protections

crainsnewyork.com — Big banks in the U.S. and Europe are setting aside billions of dollars to settle accusations that they manipulated foreign-exchange rates. The banks, which include JPMorgan Chase, Barclays and Citigroup, are said to be more confident than U.S. regulators of a global deal. Negotiations are ongoing and apparently shifting by the hour.

Controversial case snags Schneiderman, Cahill

crainsnewyork.com — Republican attorney general candidate John Cahill is hammering incumbent Eric Schneiderman for an aide's efforts on behalf of a convicted rapist who was paroled in June, but there's far more to the case than the challenger lets on. Moreover, the Conviction Review Bureau, the Schneiderman unit run by the since-departed aide, is hardly known for coddling criminals.

Heat Seek NYC rolls out tech in 10 buildings

crainsnewyork.com — Updated: City Hall's favorite app is finding that its hot reputation has spread the Brooklyn way. Brooklyn Borough President Eric Adams announced Thursday afternoon that his office has reached an agreement on a pilot program with Heat Seek NYC that will place the app in 10 Brooklyn buildings to measure heating levels in each.

Heat Seek NYC rolls out tech in ten buildings

crainsnewyork.com — City Hall's favorite app is finding that its hot reputation has spread the Brooklyn way. Brooklyn Borough President Eric Adams is set to announce Thursday afternoon that his office has reached an agreement on a pilot program with Heat Seek NYC that will place the app in 10 Brooklyn buildings to measure heating levels in each.

Developer Gary Barnett predicts dip in luxury market

crainsnewyork.com — Add Extell Development's Gary Barnett to the list of high-profile real estate developers who think the top end of the market may be nearing a dip. "We're not there yet, [but] I think we're seeing the beginnings of a slowdown," Mr. Barnett said Thursday at a new model apartment on the 58th floor of One57, the firm's 1,000-foot-tall luxury residential and hotel spire overlooking Central Park.
Oct 30, 2014

In most of Manhattan, the alternative to building ultra-luxury is building nothing: crainsnewyork.com/article/201410…

Investors sue REIT that covered up accounting mistake

crainsnewyork.com — Investors in American Realty Capital Properties have launched a suit against the company in New York Supreme Court after the publicly traded real estate trust announced Wednesday that it may have committed accounting fraud and misstated its earnings for the past two years.
Oct 30, 2014

Stockholders have launched suit against American Realty Capital Properties after potential accounting fraud: crainsnewyork.com/article/201410…

Investors sue REIT that covered up accounting error

crainsnewyork.com — Investors in American Realty Capital Properties have launched a suit against the company in New York Supreme Court after the publicly traded real estate trust announced Wednesday that it may have committed accounting fraud and misstated its earnings for the past two years.
Oct 30, 2014

This REIT ain't right: "Investors sue American Realty Capital Properties for covering up error" crainsnewyork.com/article/201410… @dangeiger79