JAM News

Friday, January 22, 2021

Times Square developer eyes casino to anchor Broadway project

The company behind a $2.5 billion project in Times Square is pitching a casino to anchor the development. L&L Holding is exploring building a casino at 1568 Broadway, where the company is working on a mixed-use project that includes retail space, a stage for live events and a hotel, according to a person familiar with the matter. The pitch is geared toward casino operators who might be interested in partnering on the project, the person said, asking not to be named because the matter is private.

Thursday, January 21, 2021

New York City plans to invest $38 million in 4 new biotech centers

New York plans to invest $38 million in biotech centers at four institutions around the city. The applied research and development facilities will be at Columbia University, Montefiore-Einstein, the New York Stem Cell Foundation, and Rockefeller University.

Friday, January 15, 2021

It's finally happening—New York is replacing the Port Authority Bus Terminal

One day soon, we'll no longer have to dread going to the Port Authority Bus Terminal. In his State of the State address on Thursday, Governor Andrew Cuomo announced that New York State will replace the creepy bus terminal with a new, state-of-the-art facility as part of a $51 billion plan to redevelop midtown west.

Tuesday, January 12, 2021

Madison Square Garden redevelopment could encourage commute to Midtown

Moving Madison Square Garden from atop Penn Station could be the key to bringing commuters back to the city even long after the pandemic subsides, the architect behind newly filed plans for the project says.

Monday, January 11, 2021

New York City’s High Line Park to Expand to Moynihan Train Hall

A $60 million extension would stretch east to Manhattan West complex adjacent to transport hub

Wednesday, January 6, 2021

Manhattan ends 2020 with stronger residential sales

While overall residential contract activity in the city continues to lag behind prior years’ levels, the battered industry ended the year off on the upswing, according to an analysis of brokerage reports.

Tuesday, January 5, 2021

More than half New York's vaccines doses remain unused

More than half New York's vaccines doses remain unused

Sunday, January 3, 2021

40 Questions for New York Politics in 2021

While we ask dozens of questions at the start of each year about what lies ahead in New York politics, as we look ahead to 2021 many of the 50 questions we had for 2020 are on the table again, either because they are evergreen or because the pandemic froze so much of political life in place. Some of those questions are repeated below, some aren’t, even if they are applicable.

Thursday, December 31, 2020

NYC’s biggest real estate finance deals of 2020

New York’s commercial real estate market took a beating in 2020. In one indicator, the 10 largest investment sales of the year totaled $5 billion, a 37 percent dropoff from the $8 billion the previous year. Not surprisingly, finance deals dropped off considerably this year, as well. The 10 largest loans in New York totaled $7.9 billion, about 28 percent less than the $10.9 billion from the previous year.

Tuesday, December 29, 2020

How should New York be preparing for the UK coronavirus variant?

The seemingly more transmissible variant is in the United States.

Friday, November 20, 2020

Here’s an under-the-radar government loan program that could save your small business

Lisa Lindo needed a plan and, most of all, money to transform her corporate-event catering business. Coming up with the plan wasn’t hard: She would teach people to mix cocktails at home using kits with glasses and shakers sent in the mail. But coming up with the money to pay for the kits was difficult. Federal small-business assistance is all but tapped out, and online lenders touting their eagerness to help didn’t respond to Lindo’s pleas for aid.

Thursday, November 19, 2020

New Jersey beckons as New York City employers explore satellite office options

From working remotely to the creation of socially distanced offices, commercial real estate has been on the front lines of some of the key trends brought on by the Covid-19 pandemic.

Thursday, November 19, 2020

This New York Union Is Taking 35% Pay Cuts for More Work

Laborers’ Local 79 hopes new deal can help unions reclaim lost market share in residential construction.

Thursday, November 19, 2020

Indoor dining could be halted amid a surge in Covid cases

More restrictions are on the way for city businesses, including a possible halt of indoor dining, Mayor Bill de Blasio said Thursday. “I’m sorry to tell you, for the sake of those business owners it’s just a matter of time, and it’s very likely to be in the next week or two,” de Blasio said. The warning came a day after the city halted in-person learning in schools, and after Gov. Andrew Cuomo announced Wednesday that the city might face more restrictions.

Thursday, November 19, 2020

950-unit Gowanus project to go 100% affordable

One of the largest projects on its way to Gowanus will now consist entirely of affordable housing, according to the city. Gowanus Green, located on city-owned land and designed to contain about 950 units across six buildings, has been in the works for more than a decade.

Thursday, November 19, 2020

Getting ‘Black Mayonnaise’ Out of One of America’s Dirtiest Waterways

A long-awaited dredging of the Gowanus Canal in Brooklyn, a Superfund site, has begun in earnest. It may not be finished for at least a decade.

Thursday, November 12, 2020

New York workers are most reluctant in U.S. to return to office

Companies in the greater New York City area have had the least success among major U.S. regions bringing employees back to the office, according to a provider of access-control systems.

Wednesday, November 11, 2020

Curfew on bars, restaurants and gyms imposed statewide

New York bars, restaurants and gyms must close at 10 p.m. statewide starting Friday by order of Gov. Andrew Cuomo due to a surge of Covid-19 cases. Private parties will be limited to 10 people or less, a restriction already implemented in neighboring states, as an additional measure to slow down the rising infection rate.