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Planning commission chair discusses City of Yes’ potential impact on Queens
Next week, the New York City Planning Commission will hold its first major public hearing on the Adams administration’s City of Yes for Housing Opportunity proposal, a controversial plan to change land use rules citywide in an effort to spark housing development. Leading the Wednesday meeting will be Dan...
NYC Real Estate Trends: Buyer's Market Emerges Amid Price Dip
As the New York City real estate market experiences a notable drop in prices and a rise in inventory, a buyer's market is taking shape, potentially prefiguring a nationwide trend. Mike Needler, CEO of Century 21, sheds light on the situation, suggesting that while small shifts are being observed across the country, the current state in New York could be an indicator of broader changes to come. With about 1.6 million new homes expected on the market and mortgage rates hovering above 7%, the affordability equation for potential buyers is complex. High rates challenge the market, yet offer improved buying power as they retreat from their peaks. The median home price has reached a record high, complicating entry for first-time buyers. Despite this, Needler highlights pockets of opportunity in various states and the role of AI in enhancing the real estate experience. With rent increases contributing to persistent inflation, the allure of home ownership remains, bolstered by the large generations entering their prime home-buying years. Needler's insights provide a nuanced view of the current real estate landscape, balancing the tension between rising rates and the benefits of increased inventory and lower prices.
Walgreens Closing Select New York Stores
The big-name pharmacy has released a list of stores that are expected to close as the company finalizes a plan to fix its struggling business. Earlier this month we told you that Walgreens CEO Tim Wentworth announced that the company would be closing hundreds of its more than 8,600 drugstores over the next three years. Wentworth explained that "changes are imminent" for about 25% of the company’s underperforming stores, which could affect roughly 2,100 stores across the country.
Mayor Touts Budget Adoption, Addresses Concerns Over NYPD Transparency
Mayor Eric Adams lauded the $112.4 billion budget which was approved by the New York City Council in a near-unanimous vote for fiscal year 2025 and also discussed NYPD misconduct at his weekly media press conference at City Hall on Tuesday. With just a couple hours left to spare, the...
Report: Pandemic Necessity and Opportunity Fuel Business Growth in New York City
Small businesses with fewer than five employees grew over 10% in New York City during the COVID-19 pandemic, according to a report released by State Comptroller Thomas P. DiNapoli. Very small businesses were a key source of new economic activity during the first half of the pandemic in the city, as they accounted for more than 71% of all businesses citywide.
Volleyball Announces 2024 Summer Camp Dates
NEW YORK — Columbia Volleyball and Head Coach Patric Santiago have announced the times and dates for the 2024 summer camps, with registration now open. This year's summer camps include three "Roar Elite Camps" and two "Roar Skills Camps" that are open to any and all high school aged entrants.
Are fireworks legal in NY?
NEW YORK (PIX11) – Spoiler alert: You may want to rethink launching those fireworks if you live in New York state. Fireworks, including firecrackers, bottle rockets, roman candles, spinners and aerial devices are illegal statewide, according to the governor’s office. If you want to launch fireworks in New York, you must be a certified pyrotechnic […]
NYC Parks Kicks Off Outdoor Pool Season
On June 27, NYC Parks Commissioner Sue Donoghue joined New York City Mayor Eric Adams, New York City Deputy Mayor for Operations Meera Joshi, Queens Borough President Donovan Richards, State Assemblymember Jenifer Rajkumar, NYC Councilmember Tiffany Cabán, representatives from Queens Community Board 1, and members of the community to celebrate the start of the outdoor pool season at Astoria Pool in Astoria Park. After remarks, Commissioner Donoghue jumped in the pool with kids to celebrate the first splash of the summer. The season kickoff celebration featured local children participating in a brief swim education demonstration, plus live music by the Brass Queens and refreshments.
A giant “pool” just opened at the Rink at Rockefeller Center
If you can't actually make it to a pool or beach this July 4, you might want to head to Rockefeller Center instead, where a massive "Pool Party" has taken over the area. At the Rink, now through July 21, visitors will get to play around with a special public installation by artist Joel Mesler that depicts a pool surrounded by grass and filled with the sorts of beach balls and floaties that define the essence of summer.
Escaped Calif. prisoner on the run since 2011 arrested in N.Y.
NEW YORK — A prisoner who authorities say walked away from a California conservation camp in 2011 has been recaptured in New York City, prison officials reported. Eduardo Hernandez fled the Delta Conservation Camp in Suisun City on Nov. 15, 2011, the California Department of Corrections and Rehabilitation said in a June 28 news release.
TODAY tours NYC apartments with TikTok star Caleb Simpson
Caleb Simpson has gone viral on social media for asking people how much money they pay for rent in New York City — and then getting to see inside their living spaces! TODAY’s Donna Farizan tags along for one of his tours with LoveShackFancy founder Rebecca Hessel Cohen.
Illegal pot shop in NYC busted for printing fake labels, sheriff says
NEW YORK -- As the crackdown on New York City's illegal cannabis shops continues, investigators say they found one store making its own colorful, misleading cartoon packages in Brooklyn. The New York City Sheriff's Office seized at least 50 pounds of marijuana from behind the blacked-out storefront Tuesday in Sheepshead Bay. CBS New York's Ali Bauman was there as the sheriff's office sifted through more than $1 million worth of marijuana in all different forms at the unlicensed shop.1st printing press found inside illegal pot shopInvestigators said the products had already been packaged for distribution using a printing press that was found inside...
Brooklyn Children’s Museum Celebrates Caribbean Heritage Month Finale
A day of dancing, storytelling, workshops, and culinary delights at The Brooklyn Children’s Museum made for a wonderful conclusion to National Caribbean American Heritage Month in New York City. The museum collaborated with the community advocacy organization I AM CARIBBEING, which showcases Caribbean culture, to celebrate the rich cultural heritage of the Caribbean with the […] The post Brooklyn Children’s Museum Celebrates Caribbean Heritage Month Finale appeared first on Documented.
Council passes new $112B budget plan
The City Council on Sunday approved a new $112.4 billion budget before the statutory midnight deadline, a bottom line some $800 million more than Mayor Adams said was affordable in his executive budget presentation in April. The budget includes restoration of nearly all the cuts proposed by the mayor since...
New Terminal One financed with $2.55B
Don’t fret. There is still time to invest in the New Terminal One at John F. Kennedy International Airport with a green bond after the latest round of $2.55 billion, the largest ever bond issuance for an airport project, concluded last Friday, according to a spokesperson for the terminal.
CB 8 doesn’t want to hear about City of Yes
While discussing the City of Yes for Housing Opportunity plan last Wednesday, June 26, Community Board 8 demonstrated all the characteristics of a passionate New York City community board meeting: finger-pointing, heated discussions and a defensive city official. The board unanimously voted ‘no’ on the proposal. The tone...
Early Addition: Think you would've had what it takes to make the U.S. Open ball crew?
Because only a third of those who tried out made the cut, here are your early links: JoJo Siwa cussed out someone who booed her at a Pride concert, Trump sentencing delayed, Staten Islanders overdosing on animal tranqs and more. [ more › ]
Person rescued from waters by NYC Ferry crew, sources say; brought to Staten Island
STATEN ISLAND, N.Y. — Crew members on the NYC Ferry rescued a person from the waters off of New York City on Wednesday morning. The NYC Ferry retrieved the person alive from the water between the Statue of Liberty and Governors Island, according to information provided to the U.S. Coast Guard.
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