City eyes revenue-sharing pact with BID to oversee Union Square Park

CrainsNewYork.com (Sports) 10/2 10:20A Caroline Spivack

The Union Square Partnership will become the formal caretaker of Union Square Park under a revenue-sharing deal the city plans to negotiate with the business improvement district. The local business improvement district has helped maintain Union...

Park Slope biotech firm raises $17M after recent growth spurt

CrainsNewYork.com (Sports) 9/9 12:33A Ethan Geringer-Sameth

A Park Slope-based biotech startup that created a gel that stops bleeding is capitalizing on recent momentum with a mutli-million dollar infusion. Cresilon raised $17 million in a late stage venture capital round following growth in both the...

Op-ed: Flash-flooding is the new normal in NYC. Here's how we can live with it

CrainsNewYork.com (Sports) 9/3 6:03A Tyler Taba

It could be murky puddles at the 7th Avenue B/Q-train station in Park Slope or a geyser at the 28th Street 1-train station in Chelsea. Local businesses and restaurants incur $20,000 in damages in Bayside or expect to lose five business days per...

Editorial: New York needs a fairer property tax system. Maybe a rent freeze can nudge us there

CrainsNewYork.com (Sports) 8/8 12:48A https://www.crainsnewyork.com/ed

New York City’s property tax system has been broken for decades, and nearly everyone knows it. What’s new — and potentially a silver lining — is that a leading mayoral candidate may have both the motivation and the political cover to finally fix...

Prep schools build real estate empires in quest to grow enrollment

CrainsNewYork.com (Sports) 8/7 12:33A C. J. Hughes, Julianne Cuba

The city’s most elite schools are branching out from reading, writing and arithmetic and into real estate. In a quest to attract more students, prestigious private schools in Manhattan and Brooklyn, including Spence, Browning and Berkeley...

New York’s property tax system is broken. Could Zohran Mamdani fix it?

CrainsNewYork.com (Sports) 8/4 12:48A Nick Garber

When Zohran Mamdani met last month with the city’s top businesspeople, he was pressed by Rob Speyer, CEO of real estate giant Tishman Speyer, to explain a glaring gap in his agenda: How would he ensure that his vow to freeze rents for New York’s...

NoMad-based startup fetches $55M as boutique vet model gains ground

CrainsNewYork.com (Sports) 8/1 12:33A Ethan Geringer-Sameth

A wave of boutique veterinary clinics is reshaping how pet care is delivered, and paid for in the city. One player is Small Door Veterinary, a NoMad-based startup that offers care through a membership model. The company raised $55 million in...

Billionaire developer buys $7M Midwood residence across the street from his home

CrainsNewYork.com (Sports) 7/24 6:34A C. J. Hughes

Megadeveloper Jeff Sutton has gone small-scale with his most recent real estate purchase. The Wharton Properties founder, who in late 2023 inked nearly $2 billion in retail site sales on Fifth Avenue, has picked up a home in Midwood, Brooklyn, for...

Alleged straw donor to Mayor Adams planning Park Slope resi project

CrainsNewYork.com (Sports) 7/22 12:33A Julianne Cuba, Nick Garber

A Brooklyn developer named last year as one of Mayor Eric Adams' alleged straw donors is planning a 99-unit building in Park Slope, records show. Tolib Mansurov, founder and CEO at United Elite Group, owns the property at 67 4th Ave., where plans...

Extell aims to boost 655 Madison project to 74 stories

CrainsNewYork.com (Sports) 7/10 5:17A Eddie Small

Extell Development's ambitions for 655 Madison Ave. appear to be getting much bigger. The Gary Barnett-led developer had filed plans for a 37-story mixed-use tower to replace the office building currently there late last year but now hopes to...

Berkeley Carroll prep school picks up Park Slope townhouse for $6M

CrainsNewYork.com (Sports) 7/10 12:33A C. J. Hughes

Top Brooklyn private school Berkeley Carroll is the latest of its ilk to make a purchase. The Park Slope-based institution has bought the bay-fronted townhouse at 545 Third St. for $6.1 million, according to a deed that appeared in the city...

Carlyle Group cashes in on outer-borough residential buying spree

CrainsNewYork.com (Sports) 7/9 12:33A C. J. Hughes

Who owns the block? Well, if that block is in Park Slope, Cobble Hill or Crown Heights, and especially across swaths of Bushwick, there’s a good chance the landlord is the Carlyle Group. To an extent not widely publicized, the global private...