Crain's New York Business

Crain's New York Business offers both daily and weekly updates in digital and print formats, focusing on local business news. It covers a variety of topics including weekly issues, major stories, advertising and marketing trends, banking, the economy, education, healthcare, hospitality and tourism, human resources, media and entertainment, politics, real estate, dining, retail and apparel, small business insights, health updates, and corrections.

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Goldman family heir Steven Gurney-Goldman buys home on Warren Street in Tribeca

1 day ago | crainsnewyork.com | C. J. Hughes

An heir to the Goldman property empire has snapped up a Tribeca home as a twisting legal drama over his stake in his grandfather’s estate continues to play out. Steven Gurney-Goldman has purchased a 4,200-square-foot condo on Warren Street for $7 million, according to a deed published in the city register Tuesday.
Deals of the Day: April 23

1 day ago | crainsnewyork.com | Lilah Burke |Julianne Cuba |C. J. Hughes |Eddie Small

LeasesEye care clinic relocates to 32 Union SquareAddress: 32 Union Square East, Manhattan Landlord: S. Klein FamilyTenant: Union Square Eye CenterLease size: 8,884 square feetLease length: 15 years Asking price: $59 per square foot Asset type: OfficeBrokers: Resolution Real Estate’s Mitchell Cooperstock and Brett Weiss represented the landlord. Norman Bobrow & Co.’s Norman Bobrow and David Badner represented the tenant.
Home-remodeling industry faces 15% price increases for kitchen renovation materials

1 day ago | crainsnewyork.com | C. J. Hughes

Tariffs could be coming for your kitchen. Homeowners who were planning to swap out cabinets, replace stone countertops or upgrade their dishwasher may be reconsidering renovation projects, as kitchen fixtures and finishes, which overwhelmingly hail from overseas, face tariff-induced price increases of 15%, industry analysts say. Meanwhile, developers, who include dozens of kitchens in their apartment building projects, have it worse.
Deals of the Day: April 22

2 days ago | crainsnewyork.com | Lilah Burke |Julianne Cuba |C. J. Hughes |Eddie Small

LeasesLuxury retailer opens new Dumbo storefrontAddress: 99 Water St., Brooklyn Landlord: Two Trees ManagementTenant: L'EnsembleLease size: 1,121 square feet Asset type: Mixed useSalesGastroenterologist buys pair of medical buildings in Bath BeachAddresses: 8622 Bay Parkway and 15 Bay 29th St., BrooklynSeller: Robert SpitalnickBuyer: Pierre HindySale price: $10 millionAsset type: OfficeFinancingsMidtown tower refinancesAddress: 154 E.
Deals of the Day: April 21

3 days ago | crainsnewyork.com | Lilah Burke |Julianne Cuba |C. J. Hughes |Eddie Small

LeasesTrump Plaza inks new lease for fine dining restaurant from SA HospitalityAddress: 167 E. 61st St., Manhattan Landlord: The Trump OrganizationTenant: FeliceLease size: 3,400 square feet Lease length: 15 years Asset type: Mixed-use Brokers: Myles Fennon and Kelly O'Rourke represented the landlord in-house. Mark Kapnick and Jordan Cohen from Lee & Associates NYC represented the tenant. SalesLuxury developer Harry Macklowe offloads property near St. Patrick's CathedralAddress: 12 E.
Developer sells 4-building Washington Heights portfolio at a big loss

3 days ago | crainsnewyork.com | C. J. Hughes

A developer appears to have taken a bath with a portfolio of rent-stabilized buildings in Washington Heights. Kahen Properties has sold the four multifamily and mixed-use prewar properties that have about 125 units among them to Elysee Investment Corp. for $8.8 million, according to the city register. Kahen, whose principal is Alex Kahen, paid $22.1 million for the quartet in 2018, the register shows, and so appears to have incurred a nearly 60% loss.
Late carrot king Andre Radandt’s penthouse on West 14th Street trades for $18M in a quick deal

6 days ago | crainsnewyork.com | C. J. Hughes

A Manhattan penthouse that belonged to a carrot mogul who harvested a huge windfall with the sale of his farm to a buyout firm has found a taker. The late Andre Radandt’s apartment, a 3,700-square-foot condo with a 1,900-square-foot terrace atop a tower in the Meatpacking District, traded for $18 million, according to a deed that appeared in the city register Friday.
Deals of the Day: April 18

6 days ago | crainsnewyork.com | Lilah Burke |Julianne Cuba |C. J. Hughes |Eddie Small

LeasesCommercial cleaning business expands in Garment DistrictAddress: 318 W. 39th St., ManhattanLandlord: GFP Real EstateTenant: First Quality MaintenanceLease size: 6,000 square feetAsset type: OfficeBrokers: GFP Real Estate’s Matthew Mandell represented both the landlord and the tenant. SalesWestchester investor acquires storefront co-op near Union SquareAddress: 85 Fifth Ave., ManhattanSeller: SL Green Realty Corp.
At a Glance: April 18

6 days ago | crainsnewyork.com | Amanda D'Ambrosio

ROBOTIC LIVER TRANSPLANT: Surgeons at New York-Presbyterian’s Weill Cornell Medicine performed a robotic liver transplant this month, marking the first such procedure to take place in the state, the hospital said Thursday. During the nine-hour procedure, which took place on April 1, a team of surgeons used robotic technology to make smaller incisions than what’s typically used in an “open” liver transplant, which clinicians say could lead to shorter hospital stays and faster recoveries.
SL Green’s Summit attraction has set a record even as tourism is expected to decline

6 days ago | crainsnewyork.com | C. J. Hughes

If on-again, off-again, on-again tariffs against foreign countries are roiling the city’s tourism industry, the owner of popular skyscraper attraction Summit 1 Vanderbilt isn’t seeing it. SL Green Realty Corp., which owns the observation area on the 73rd-story of Grand Central Terminal-adjacent tower 1 Vanderbilt, says the four-year-old offering set a one-day sales record last week of $500,000 in tickets, said company CEO Marc Holliday on an earnings call Thursday afternoon.