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Crain's New York Business
HSBC buys 4 New York Plaza - Crain's New York Business
The partners paid $270 million for the 1.1 million-square-foot property, said a person with knowledge of the deal, who declined to be identified because the terms were private. That was more than double what the seller, Harbor Group International, ...
Techies send midtown south rents higher - Crain's New York Business
They asked not to be named because the rates are private. Across the park, developer Robert Lapidus said he's close to a deal for about $90 a square foot for the final floor available at 200 Fifth Ave., a 14-story property at the corner of East 23rd ...
Foursquare eyes June for new ad platform - Crain's New York Business
By Cotton Delo, AdAge.com Foursquare aims to launch a paid-media platform in mid-June and is pitching brands to become launch partners, according to a person familiar with the matter. The new product will allow merchants to promote a deal to check in ...
Goldman is raising money for new home-loan fund - Crain's New York Business
Cerberus, the New York-based private-equity firm, last year raised $800 million for an RMBS Opportunities Fund that began in August, according to a person familiar with the matter. Bass of Dallas-based Hayman Capital Management, who made $500 million ...
Preparing for the 'last waltz' - Crain's New York Business
By Gale Scott DIFFICULT TIME: Dr. Dana Lustbader of North Shore-LIJ, with a patient who did not want to be identified, says that most people would rather spend their last days at home. The day he died at age 54 of pancreatic cancer, Samuel Aharonoff ...
DFS slams surprising—and shocking—doc fees - Crain's New York Business
Last month, a source said the state's goal was to ultimately draft legislation that guarantees greater transparency and disclosure for consumers about how out-of-network charges are calculated, and gives patients a better idea of what they will be ...
Vultures are circling city Comptroller John Liu - Crain's New York Business
A source close to Mr. Garodnick said the East Side councilman has “continued to get encouraging indications from supporters and potential supporters that he ought to run for comptroller,” assuming Mr. Liu does not. Manhattan Borough President Scott ...
Inside Cuomo's teacher-evaluation deal - Crain's New York Business
“Having the governor in the room forced both of them to be reasonable,” an administration official said. “The mayor's people were disappointed that the governor didn't choose a side,” said the education advocate. “But in the end, that's probably the ...
Silverstein to call a halt at 3 WTC - Crain's New York Business
Developer Larry Silverstein is planning to halt construction by the end of the year on the second of the two towers he is currently building at the World Trade Center site if he can't find a major office tenant, sources close to the company said.
The men who would be king of New York - Crain's New York Business
“Where people thought we'd find partnership, we've gotten roadblocks,” said one Bloomberg administration insider who, like many people interviewed for this story, spoke on condition of anonymity. Even on projects where the two have collaborated, ...
Montefiore nurses edge closer to strike - Crain's New York Business
The hospital's offer also included a lowering of the nurse-to-patient ratio to one-to-six from one-to-seven, to be phased in over three years, the source said. The change would result in the hiring of up to 125 new nurses at a cost of about $13 million ...
NYC loses Cuomo's subsidy contest - Crain's New York Business
“It's been a whole charade for, in the big picture, not a whole lot of money,” said one business executive who insisted on anonymity for fear of upsetting Mr. Cuomo. “Usually, when you are talking economic development, you're talking billions. ...
$192 million property loan sold for 45% off - Crain's New York Business
The buildings had been bought by Joel Wiener's Pinnacle Group and the Praedium Group during the real estate frenzy, sources said. The loan has been delinquent for over a year, and some sources said it might be in foreclosure. Trepp, which tracks real ...
New York Governor prepares for second act - Crain's New York Business
“The millionaire's tax becomes the central issue because it shows the difference between how Silver and Cuomo operate,” the source said, referring to Assembly Speaker Sheldon Silver, who supports the tax. One resolution that could comport with the ...
State's budget picture worsens - Crain's New York Business
Next year's budget gap could reach $3.5 billion, Cuomo administration officials said, citing the weak economy and declining Wall Street profits. But the governor still won't consider tax increases. By Jeremy Smerd @smerd The projected state budget ...
Thanksgiving Day Parade route again in question - Crain's New York Business
“We understand that the construction will be pushed back,” said one business executive who did not want to be identified. Construction on the plazas is slated to begin next fall. A preliminary design plan was unveiled in September. ...
John Liu's belated damage control - Crain's New York Business
“She's still a major Democratic connection to Asian money,” the source said. “Politics runs on money, and she can raise big bucks.” Gov. Andrew Cuomo said that the Obama administration's pledge to fast-track approvals for a new Tappan Zee Bridge ...
Michelin awards 3 stars to Brooklyn Fare - Crain's New York Business
She declined to give her name, citing her responsibilities as one of the guide's anonymous inspectors. “What he does there night after night is very impressive, given that his audience is sitting right in front of him and there's very little room for ...
Glut of parking spaces in city - Crain's New York Business
But sources briefed on the matter said residential garages in Manhattan could be allowed to rent to the public (which many do illicitly), while developments in transit-served areas outside Manhattan may see parking requirements lowered. ...
Glut of parking spaces in city - Crain's New York Business
But sources briefed on the matter said residential garages in Manhattan could be allowed to rent to the public (which many do illicitly), while developments in transit-served areas outside Manhattan may see parking requirements lowered. ...
Gov. Christie said to be considering 2012 run - Crain's New York Business
Chris Christie, who has said he wouldn't run for president in 2012, is actively considering entering the race and may make a decision within a few days, said a Republican donor who asked not to be identified. The governor is being pressured by ...
Stalled park to get $8M lifeline - Crain's New York Business
In addition, Brooklyn Borough President Marty Markowitz and other downtown developers have come up with $2 million, according to people briefed on the matter. The project funding is expected to be finalized within the next couple of weeks.
Bitter Boathouse strike ends with contract - Crain's New York Business
A strike at the Central Park Boathouse that stretched for 44 days came to an end Wednesday after restaurateur Dean Poll and the hotel workers union agreed to terms on a four-year contract, three sources said. Terms of the deal were not ...
PepsiCo offering bonds, yields near record low - Crain's New York Business
The debt may be sold in a benchmark issue as soon as Monday, said the person, who declined to be identified because terms aren't set. Borrowing costs for the most creditworthy companies are plunging as investors seek refuge from fluctuating stocks and ...
TIAA-Cref sniffing at Fifth Avenue office property - Crain's New York Business
Retirement-services and asset-management giant TIAA-Cref has emerged as the leading contender to buy 475 Fifth Ave. from Barclays Capital Real Estate, sources close to the deal said. A deal isn't signed and the specific price for the nearly empty ...