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Boston-based real estate firm finalizes $63M deal for Chelsea sites

April 4, 2021

A Boston-based real estate firm bought two adjacent Chelsea properties for $62.5 million, according to property records and the company. The Davis Companies purchased part of 155-165 W. 29th St…. To view the full story, click the title link.

Filed Under: Business

Brooklyn Chamber of Commerce survey paints devastating picture of small business struggles – Crain’s New York Business

March 14, 2021

Brooklyn Chamber of Commerce survey paints devastating picture of small business struggles Crain’s New York Business

Filed Under: Business

New York’s top tech firms boost headcount in 2020

March 14, 2021

While industries such as hospitality, tourism and food service saw jobs cut left and right during 2020, some of the city’s public technology firms swelled with new employees.   As Peloton saw a spike in homebound Americans becoming paying customers last year, it also went on a hiring spree, adding more than 3,000 workers.    With a 110% increase, Peloton went to the front of the pack among the city’s publicly traded technology companies for headcount growth, reaching 5,862 employees globally as of Dec. 31, 2020, according to a Crain’s analysis of annual earnings reports of seven …

Filed Under: Business

Higher taxes won’t help New York City’s economy recover

March 14, 2021

Vaccines give us confidence that victory over Covid-19 is imminent, but the prospects for New York’s economic recovery are far less certain. Restoration of the 500,000 private-sector jobs that have… To view the full story, click the title link.

Filed Under: Business

Business Booming for Brooklyn Liquor Store – Brooklyn Reader

March 7, 2021

Business Booming for Brooklyn Liquor Store Brooklyn Reader

Filed Under: Business

Broadway pans Cuomo’s order to reopen venues at a third capacity

March 7, 2021

New York’s new reopening guidelines allowing the city’s entertainment venues to operate at a third of their capacity are a show stopper for the $1.8 billion performing arts industry Gov. Andrew Cuomo on Wednesday announced that beginning April 2, arts and entertainment venues could begin reopening at 33% capacity and that, depending on testing procedures, venues could hold up to 100 to 150 people indoors.  Charlotte St. Martin, president of the Broadway League, responded by saying, “We can’t socially distance. Any show at 33%…

Filed Under: Business

Mutombo accused of owing Trump Place board of managers $23K

March 7, 2021

Dikembe Mutombo may need to start playing defense against the board of managers at Trump Place. The board at 220 Riverside Blvd. is suing the former NBA star for about $23,000 in alleged missing… To view the full story, click the title link.

Filed Under: Business

80% of Brooklyn businesses saw revenue decline in 2020 – Brooklyn Paper

February 28, 2021

80% of Brooklyn businesses saw revenue decline in 2020 Brooklyn Paper

Filed Under: Business

Ocasio-Cortez and other progressives challenge Biden on minimum wage

February 28, 2021

The U.S. Senate scramble over raising the federal minimum wage is presenting the first major test of the uneasy alliance between the Democratic Party’s vocal progressive wing and President Joe Biden 37 days into his administration. After Senate Parliamentarian Elizabeth MacDonough ruled that putting a stepped increase in the wage to $15 per hour in Biden’s $1.9 trillion pandemic relief plan did not comply with Senate budget rules, progressives in Congress and allied outside groups are mounting a campaign to get the White House to support either changing or ignoring the chamber’s procedures to push the legislation through. “Really our options right now, at …

Filed Under: Business

House passes Biden aid with $1,400 checks; focus moves to Senate

February 28, 2021

The U.S. House passed President Joe Biden’s $1.9 trillion pandemic-relief plan, spanning $1,400 stimulus checks, enhanced jobless benefits and fresh funding for vaccines and testing. Also included: a… To view the full story, click the title link.

Filed Under: Business

Pandemic Takes Permanent Hit on Many Small Brooklyn Businesses – Spectrum News NY1

February 21, 2021

Pandemic Takes Permanent Hit on Many Small Brooklyn Businesses Spectrum News NY1

Filed Under: Business

State advances plan to redevelop area near Penn Station

February 21, 2021

New York state is moving forward with a plan to redevelop the area around Penn Station, a major project that could reshape Midtown. Empire State Development has adopted a draft plan to develop eight sites around the transit hub, which would result in 10 mixed-used buildings with about 20 million square feet of offices, retail, hotel and potentially residential space. Gov. Andrew Cuomo promised last year to expand the train station’s capacity by 40% and create new developments to fund the improvements. The draft plan announced Friday would roughly double the size of building permitted on the sites, according to a news release.The state is partnering on the project with Vornado Realty Trust, which owns much of the land targeted…

Filed Under: Business

Fiscal hawks push back on billionaire’s tax

February 21, 2021

New York fiscal experts are already giving reasons why a bill to tax New York billionaires annually on their unrealized capital gains assets is doomed to fail. “It’s hard to know where to start… To view the full story, click the title link.

Filed Under: Business

Support Small Brooklyn Businesses This Valentine’s Day – Brooklyn Reader

February 14, 2021

Support Small Brooklyn Businesses This Valentine’s Day Brooklyn Reader

Filed Under: Business

Mortgage investors bracing for Fed’s taper may be disappointed

February 14, 2021

The best mortgage bonds to buy now may be the ones the Federal Reserve is purchasing, because the securities might benefit the most if macro optimism fades. So far this year, some investors have been growing more hopeful about an economic recovery as a new U.S. stimulus package is rolled out. This has markets looking for any positive macro signs that may translate to the Fed tapering its direct purchases of mortgage bonds, according to a recent Bank of America report. A slowdown in central bank buying would hurt demand for…

Filed Under: Business

Top aide says Cuomo concealed Covid deaths to avoid U.S. probe

February 14, 2021

Gov. Andrew Cuomo’s top aide told lawmakers the administration withheld nursing homes’ Covid-19 death toll to avoid a federal investigation, prompting Republicans to accuse him of a cover-up and… To view the full story, click the title link.

Filed Under: Business

NYC plant shop owner hopes to inspire more natural living – New York Daily News

February 7, 2021

NYC plant shop owner hopes to inspire more natural living New York Daily News

Filed Under: Business

Nederlander condo is heading to auction amid theater closures

February 7, 2021

The home of the late Broadway theater magnate James Nederlander is heading to the auction block later this month.  Nederlander died in 2016 after a storied career in Broadway productions that earned him 10 Tony Awards and dozens of nominations. His company, the Nederlander Organization, owns a trove of nine playhouses, including the Minskoff Theater, the Gershwin Theater and the eponymous Nederlander Theater, all of which have been closed for months. Now, part of his estate, which includes the entire 10th floor of 838 Fifth Ave. in Lenox Hill, is up for sale.The three-bedroom, three-and-a-half-bathroom penthouse also includes four fireplaces and massive windows overlooking Central Park and the…

Filed Under: Business

Biden taps New York Fed market chief as national security deputy

February 7, 2021

President Joe Biden plans to name New York Federal Reserve markets chief Daleep Singh to serve as deputy national security adviser, a move the White House says reflects a commitment to prioritizing… To view the full story, click the title link.

Filed Under: Business

Brooklyn Nets: Could trading Kyrie Irving be the next order of business? – Hoops Habit

January 17, 2021

Brooklyn Nets: Could trading Kyrie Irving be the next order of business? Hoops Habit

Filed Under: Business

Biden plan could rescue states and cities from pandemic’s financial toll

January 17, 2021

President-elect Joe Biden’s $1.9 trillion relief plan would provide a major financial rescue for states and cities, eliminating the need for deep budget cuts that would weigh on the recovery and easing the risk in the municipal-bond market. The measure proposes $350 billion of emergency aid to states and local governments, enough to more than cover the immediate budget shortfalls caused by shutdowns to contain the virus. It would also extend $20 billion to public transit agencies like New York’s Metropolitan Transportation Authority, the subway and bus operator whose revenues have been decimated as Americans work…

Filed Under: Business

The startup with thousands of electric vehicles and hundreds of collisions

January 17, 2021

When New York locked down last March, Kurt Yaeger was among those in the city who had to go on working. A neurosurgery resident, he didn’t feel comfortable climbing into an Uber and filling his lungs… To view the full story, click the title link.

Filed Under: Business

Bird, the Retailer that Helped Establish the Brooklyn Look, Is Closing – The Business of Fashion

January 10, 2021

Bird, the Retailer that Helped Establish the Brooklyn Look, Is Closing The Business of Fashion

Filed Under: Business

New York expands vaccinations to elderly, essential workers

January 10, 2021

Faced with mounting criticism over the slow pace of the coronavirus vaccine rollout, Gov. Andrew Cuomo announced Friday that, starting next week, New York would allow a much wider swath of the public to get inoculated, including anyone age 75 or older. The governor warned that, initially, the supply of vaccines available to people other than health care workers and nursing home patients would be very limited.Cuomo said a beefed-up statewide distribution network will include pharmacies, doctors’ networks and county health departments. The 3.2 million New Yorkers newly eligible for the vaccine includes teachers, first responders and public safety workers. “Caution, caution, caution, because the supply is a major problem,” Cuomo said at his regular briefing. “You’ll wind up having 3,000 distribution …

Filed Under: Business

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