Op-Ed: Rethinking New York’s Path to Decarbonization
The New York All‑Electric Buildings Act has been stalled in litigation, prompting a rethink of the city’s decarbonization roadmap. Experts argue that relying solely on electrification risks overloading an already strained grid and overlooks more scalable solutions. They propose a hybrid approach that blends electric upgrades with geothermal, low‑carbon steam, waste‑heat recovery, and synthetic fuels. Targeted pilots, such as Con Edison’s low‑carbon steam tests and SUNY Purchase’s geothermal network, illustrate how coordinated investment can cut emissions without a wholesale retrofit of every building.
Legislature Rejects Hochul's Surprise Billing Reforms, Siding with Doctors and Hospitals
New York lawmakers rejected Gov. Kathy Hochul's proposal to reform the state's surprise billing arbitration system. The governor's budget aimed to save $56 million by exempting Medicaid and lowering benchmark rates, aligning them with average private insurer payments. The legislature...
Montefiore’s White Plains Hospital to Expand Outpatient Footprint with Cardiac Extension Clinic
Montefiore’s White Plains Hospital Center filed a state plan to construct a 2,320‑square‑foot cardiac extension clinic in Mount Kisco, Westchester. The outpatient facility, slated to cost about $1.8 million and be built in roughly seven months, will provide echocardiography and cardiac...
Hudson Street Storefront Vacancies Plunge Following $13M Streetscape Revamp
A $13 million streetscape overhaul completed in summer 2022 turned Hudson Street’s narrow, congested blocks into a pedestrian‑friendly boulevard with protected bike lanes, benches and wider sidewalks. The redesign helped drive the storefront vacancy rate down to 17.2% in 2025, a...
Midtown Office Landlord Charles Cohen Gets Deadline to Repay $135M Debt or Face Forced Property Sales
Charles Cohen, a Midtown office landlord, was given a 45‑day deadline by a New York state Supreme Court judge to repay $135 million in outstanding debt or face forced sales of his properties. A Fortress Investment Group executive, David Moson, was...
Montclair’s Vote to Hike Taxes for Schools Too Close to Call
Montclair, N.J., held a special election to fund its cash‑strapped public schools, proposing a one‑time $12.6 million levy and a permanent $5 million increase to cover an $18 million deficit. Voters narrowly approved the one‑time levy by 80 votes while rejecting the permanent...
Your Face Is Your Hospital ID Under Mount Sinai's New Clear Scanning Contract
Mount Sinai Health System has signed a system‑wide contract with Clear Secure to deploy facial‑recognition scanners across its seven hospitals and roughly 400 outpatient clinics, serving about five million patient visits annually. The technology, already used in airports and major...
Chef Daniel Boulud Sells Namesake Restaurant Space to SL Green for $18.5M
Celebrity chef Daniel Boulud has sold the ownership of his flagship Upper East Side restaurant, Daniel, to real‑estate firm SL Green for $18.5 million. The transaction was executed through Boulud’s Dinex Group affiliate, while the restaurant secured a 20‑year lease to remain...
William Lauder Sells Park Avenue Co-Op in Robust Week for Luxury Deals
Luxury co‑ops on Manhattan’s Upper East Side saw a record‑breaking week, with 15 units priced above $4 million sold—the most in five years. Olshan Realty reported 43 contracts for properties over $4 million between March 2‑8, totaling $421.5 million, up from 32 deals the...
Lawsuit Challenges New York's Review of Maimonides’ Merger with H+H
Patient navigation nonprofit and Orthodox Jewish groups sued New York State over the planned merger of Maimonides Medical Center with NYC Health + Hospitals. The suit claims the Department of Health illegally waived the Public Health and Health Planning Council...
Union Pushes to Cut Insurers From Medicaid Home Care Payment System
The 1199SEIU Healthcare Workers East union is rallying for the Home Care Savings and Reinvestment Act, which would strip private insurers from New York's Medicaid home‑care payment system and replace them with a state‑run fee‑for‑service model. Proponents claim the change...
Steven Roth Sells Former Queens Department Store to Northwell Health for $236M
Steven Roth sold the 340,000‑square‑foot former Alexander’s department store in Queens for $236 million, generating roughly $150 million in profit. The property, vacant since Burlington and Marshalls left, includes a 1,236‑space parking garage and sits near the Long Island Expressway. Northwell Health,...
Steve Croman Hit with Four More Foreclosure Suits From the Lower East Side to Harlem
Steve Croman, a once‑convicted landlord, is facing four new foreclosure lawsuits filed by Dalan Real Estate over nine Manhattan rental buildings spanning Harlem to the Lower East Side. The suits allege Croman defaulted on $43.4 million in Axos Bank mortgages after...
New Law Paves Way for Stand-Alone Dental Hygienist Practices in New York
New York’s legislation, signed by Governor Kathy Hochul, shifts the state’s oral‑health model. By mid‑2027, licensed dental hygienists can operate without direct dentist supervision under a collaborative agreement with one dentist. The law also adds foster‑care agencies to approved work...
Please Don’t Tell Speakeasy Owners to Open Hidden Bar in Midtown Office Building
Please Don't Tell (PDT) and Apres Cru Hospitality are launching a new speakeasy called Highball in Marx Realty's 36‑story 10 Grand Central office tower, opening March 13. The 6,000‑sq‑ft bar occupies part of an 11,000‑sq‑ft amenity suite that already includes...