Crain's New York Business

A Times Square building that once housed a mélange of racy magazines and video booths has sold to new owners for $48 million.

Another VIP-linked townhouse appears to have had trouble finding a buyer.

We are deep in the middle of a still accelerating bagel boom.

Ray McGuire may be back on Wall Street, but the former mayoral candidate still has big ideas to fix the city's most pressing problems.

Five years ago, Brian Chung started leasing a 2,700-square-foot storefront in Nolita. Last week, he bought it for $8 million.

Bruce Kaye paid about $23 million for the three-bedroom in 2019.

Kushner has sold about 60% of its East Village portfolio so far.

Lifelong runner Rob Simmelkjaer may be the chief executive of the New York Road Runners, the nonprofit best known for putting on the TCS New York City Marathon, but he admits that running a marathon is somewhat out of his comfort zone. Simmelkjaer’s ideal race distance is a 10K, not the grueling 26.2 miles that make up a marathon, but that preference didn’t stop him from challenging himself to run the New York City marathon twice, first in 1997 and then again in 2013 (coming in 16 minutes faster than his first time). That was well before he took over the helm at the New York Road Runners in late 2022. “I joke around that then I was running the marathon; now I’m, in quote marks, running the marathon, like in charge of it,” said Simmelkjaer. “Sometimes I can’t believe that I’m doing this, and other times I look at it and [feel as if] everything did seemingly lead up to this.” Read the full interview from reporter Caroline Spivack: https://lnkd.in/grR2SHuw

Construction on the new terminal will begin early next year.

New York's key industries are at a major crossroads. What kind of city do we want to be?  On Tuesday, November 19, the Partnership teamed up with Crain's New York Business to host #NYCCrossroads a full-day summit bringing together top industry leaders and innovators to discuss the city's biggest challenges and explore bold ideas for its next 50 years. The day opened with a fireside chat between Partnership President & CEO Kathy Wylde and New York State Governor Kathy Hochul, who discussed key issues impacting the state's economy, including the importance of infrastructure investment, job growth, and keeping New York competitive and business-friendly. Industry leaders from a cross-section of industries then shared their insights on a range of topics, including: NYC's growing #tech industry; the critical role of #realestate and #retail in our future economy; balancing #climatepolicy with energy demands; and the city's #policy outlook following the latest election results. Thank you to all speakers and attendees for contributing to this vital conversation about a resilient and forward-thinking New York! #NYC #Innovation #Business #Leadership Kevin Ryan AlleyCorp Alan Schwartz Guggenheim Partners Raymond McGuire Lazard Steven R. Swartz Hearst Henry Timms Brunswick Group Barry Gosin Newmark Jed Walentas Two Trees Management Co. Sally Librera National Grid Rich Dewey NYISO Nicola Jones New York State Department of Public Service Anish Melwani LVMH Sean Decatur American Museum of Natural History Anthony Pompliano Professional Capital Management, LLC Gemma Postlethwaite GLG Jon Henes C-Suite Advisory Reihan Salam Manhattan Institute Frederick P. Gabriel Jr. (He-Him) Nick Garber Cory Schouten Anne Michaud Photo credit: Buck Ennis, Crain's NY Business