- State Covid-19 hospitalizations top 1,000 for first time since June
New York hospitalizations for Covid-19 topped 1,000 for the first time since June, as the state battles clusters of rising cases. Nearly half of all new daily hospital admissions in the state have... To view the full story, click the title link. - Midtown biotech firm going public in ‘white hot’ life sciences market
Nuvation Bio, a medical research firm in Midtown, has reached a deal to go public through a special-purpose acquisition company, capitalizing on a strong investment market for biotech research. The... To view the full story, click the title link. - Let’s rethink the borough-based jails plan
In a pre-pandemic world, when our city’s leaders had higher political aspirations, we saw everyone jump on the “close Rikers” bandwagon—and we agree, in theory, that is a laudable goal. However, what... To view the full story, click the title link. - Manhattan rents aren’t done dropping yet
Pandemic gravity is pulling down the average Manhattan rent, which has fallen below $3,000 for the first time in nearly a decade, according to a StreetEasy report. The question is: How much lower... To view the full story, click the title link. - KKR-linked firms buy pair of Brooklyn rental buildings for $77M
Investment firm KKR has scooped up some Brooklyn properties, closing its purchase of two apartment buildings for $76.9 million, property records show. LLCs linked to the real estate company bought... To view the full story, click the title link. - WeWork default is a real possibility, credit agency warns
Fitch Ratings downgraded troubled coworking company WeWork and warned that the once-high-flying startup could default on its obligations. The agency said Thursday that it lowered the company’s... To view the full story, click the title link. - Existing home sales rise to 14-year high, exceeding forecast
Sales of previously owned U.S. homes rose more than expected last month to the highest level in 14 years, as a desire for more space and record-low mortgage rates continue to support... To view the full story, click the title link. - AmEx falls short on cost-cutting in drive to lure more customers
American Express’s cost-cutting program fell short in the third quarter, as the company switched its priorities to attract more customers. Its shares fell almost 3%. Overall expenses declined 14%... To view the full story, click the title link. - East River experiment aims to tap tidal power for Con Ed
The East River is set to become the testing ground for a technology that generates electricity from the tides. Verdant Power, a marine energy technology company in New York, installed three small... To view the full story, click the title link. - Local 79 backs down from ‘terror campaign’ against SL Green
Are you re-evaluating your business real estate footprint? On Oct. 26, leaders from Alfred Sanzari Enterprises, Newmark Knight Frank and the Bergen County Division of Economic Development will... To view the full story, click the title link.
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