In a breakthrough for closely watched 425 Park Ave., global private-equity firm Hellman & Friedman has signed a lease for two full floors — the first new office commitment there in more than two years.
Gotham Gazette: Support Grows for State Bill to Convert Distressed Commercial Properties into Affordable Housing
A proposal to convert financially strapped hotels and other commercial properties into permanently affordable housing has been included in the State Senate's one-house budget proposal and is garnering support from a broad group of interested parties while new federal stimulus money is being eyed to fund the proposal.
Industry leaders from the world’s of healthcare and hospitality have joined forces to help children and their families fight against pediatric cancer, as part of Ronald McDonald House New York’s (RMH-NY) healthcare and hospitality councils.
For years, employees of the Pierre enjoyed some of the most enviable union jobs in New York City. How much of that will survive the pandemic?
Sexual harassment allegations leveled against Gov. Andrew Cuomo have left New York’s business community speechless.
The hotel industry in New York City has taken a major hit amid the ongoing coronavirus pandemic and is in desperate need of saving.
Crain’s New York Business: City hotel owners, council members plead for tax relief for decimated industry
A coalition of hotels and City Council members is asking Mayor Bill de Blasio to suspend the 18% interest rate that hotels will be charged for late property tax payments.
WABC Radio: Cats at Night with John Catsimatidis – Vijay Dandapani Interview March 10, 2021 President and CEO of the Hotel Association of New York City, Vijay Dandapani joins
Unpaid property taxes in New York City are soaring as homeowners struggle and the pandemic recession slashes the rents landlords are collecting from both commercial and residential tenants, The City reports. The property tax arrears rose to $1.3 billion in February – 4.5% of the almost $30 billion due, according to figures released by city Comptroller Scott Stringer.
The Big Apple’s lobbying industry proved to be nearly pandemic-proof last year despite the COVID-19 outbreak that ravaged New York City, new records show.