- Hey, Gov. Cuomo, Valentine’s Day is near. Where’s the love for restaurants?
In a normal, pre-Covid year, this is when those who work in New York City’s restaurants are thinking about love. And by love, I mean Valentine’s Day, the biggest dining-out night of the year, right... To view the full story, click the title link. - Why New York needs a clean fuel standard
As we head into 2021, New York state and its local governments are focused on one thing: getting the state economy back on a sustainable growth path, funding vital state programs, and helping... To view the full story, click the title link. - California private equity firm buys LaGuardia Airport Marriott
A California-based private equity firm has purchased the LaGuardia Airport Marriott for between $100 million and $200 million, the firm said on Friday. ASAP Holdings bought the 443-key property... To view the full story, click the title link. - New York loses $1.6B in tax revenue from real estate deals
The year-end totals for real estate deals are in, and they paint a grim picture. There were about $47.1 billion worth of residential and investment sales in New York last year, down 46% compared... To view the full story, click the title link. - State investigates drug price spikes during pandemic
Gov. Andrew Cuomo announced Thursday that the Department of Financial Services' Office of Pharmacy Benefits is investigating six drug manufacturers over significant price spikes on medications... To view the full story, click the title link. - $15B PPP carve-out for CDFIs plagued by delays and miscommunication
Sometimes the best intentions don’t always carry the most efficient outcomes. An exclusive draw on $15 billion set aside in Paycheck Protection Program funding for smaller lenders came with poor... To view the full story, click the title link. - Insurance-tech firm MultiPlan makes $155M buy after blank-check deal
MultiPlan, a company that helps insurers negotiate costs on medical claims, has acquired a competitor months after going public in a record-setting blank-check deal. The Flatiron District–based... To view the full story, click the title link. - Street vendor bill would be ‘the end of small business,’ critics say
Legislation that would expand the number of street vendor permits by 4,000 during the next 10 years would be ruinous to mom-and-pop stores already struggling to pay rent and make payroll during the... To view the full story, click the title link. - Trump’s loan extension on a Park Avenue building shows his debt options
A recently refinanced mortgage for a building in Manhattan might show how Donald Trump is able to deal with his upcoming debt maturities, albeit at a higher cost. Investors Bank agreed to extend... To view the full story, click the title link. - Existing-home sales rose last month, capping best year since 2006
Sales of previously owned U.S. homes increased unexpectedly last month, capping the best year for the housing market since 2006 as historically low mortgage rates helped power demand. Contract... To view the full story, click the title link.
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