• East Village Old Manhattan synagogue is in danger of demolition

  The rabbi said he and his board had negotiated air rights to the East Village property with the Kushner Cos. real estate organization, which owns, develops and manages various types of properties in the Northeast.

  Published by Crain's New York Business on August 15, 2008.

• Harlem Big Harlem landlord signals end is near

  In a sign that even New York’s healthy residential market isn’t immune from the nation’s housing woes, the owners of the rent-stabilized Riverton Houses in Harlem say they expect to default on their $225 million mortgage next month,

  Published by Crain's New York Business on August 15, 2008.

• Fordham University Fordham University to cross city lines

  Fordham University will make a new foray outside New York City on September 9 when it opens its Westchester campus.

  Published by Crain's New York Business on August 14, 2008.

• Westchester Fordham University to cross city lines

  Fordham University will make a new foray outside New York City on September 9 when it opens its Westchester campus.

  Published by Crain's New York Business on August 14, 2008.

• Kingsbridge Heights Rehabilitation and Care Center Nursing home ordered to take workers back

  A federal judge issued an injunction Thursday morning ordering Helen Sieger to take back the 220 striking employees at her Kingsbridge Heights Rehabilitation and Care Center and resume paying their health benefits.

  Published by Crain's New York Business on August 14, 2008.

• Working Families Party NY teachers union targets lawmakers over tax cap

  On Wednesday, the Working Families Party announced it would send 200,000 pieces of direct mail to voters with the repeated message pictured on a blackboard: "Governor Paterson's tax cap scheme will hurt our schools."

  Published by Crain's New York Business on August 14, 2008.

• Lower East Side Lawsuit over access for disabled at NYC building

  The lawsuit filed against AvalonBay Communities alleges that the Alexandria, Va.-based real estate firm violated the terms of the Fair Housing Act in its design and construction of the Avalon Chrystie Place. The 361-unit rental building is on the Lower East Side.

  Published by Crain's New York Business on August 14, 2008.

• Willets Point Councilman wants financial report on Willets Pt.

  The legal lingo didn’t exactly match Wednesday’s boisterous chants, but a day after their protest outside a City Planning Commission meeting made headlines, opponents of the city’s proposal to redevelop Willets Point made another statement.

  Published by Crain's New York Business on August 14, 2008.

• Atlantic Yards Councilman wants financial report on Willets Pt.

  Two other developments where eminent domain could be used would likely not be effected. The Atlantic Yards project is a state-initiated development and Columbia University’s expansion has already run through the land use process.

  Published by Crain's New York Business on August 14, 2008.

• Long Island City Long Island City gets First supermarket

  As of today, the supermarket-starved residents of Long Island City, Queens, can finally shop for groceries in their own neighborhood.

  Published by Crain's New York Business on August 13, 2008.

• Columbus Circle Usher, Keith Urban to headline free NYC concert

  The musicians are scheduled to perform at a free concert at Columbus Circle next month to kick off the NFL season and celebrate the Super Bowl champion New York Giants.

  Published by Crain's New York Business on August 13, 2008.

• SoHo Rock and Roll Hall of Fame adds NYC location

  Billy Joel and Clive Davis are going to join the mayor at the location in the SoHo neighborhood. It will be the first time the hall of fame has expanded outside Cleveland.

  Published by Crain's New York Business on August 13, 2008.

• 76 Mercer St. SoHo lands Rock and Roll Hall of Fame annex

  The museum will open in November at 76 Mercer St. in SoHo. The addition marks the first time the 25-year-old hall of fame has expanded outside of its original location on the shore of Lake Erie.

  Published by Crain's New York Business on August 13, 2008.

• New York University Polytechnic gets big boost for media center

  Polytechnic Institute of New York University’s new entertainment and media research center got a big boost from New York State, which recently awarded a $2 million capital grant towards the project.

  Published by Crain's New York Business on August 13, 2008.

• Lehman Brothers Lehman Brothers falls as analyst cuts estimates

  Lehman Brothers Holdings Inc. shares fell Wednesday upon further worries about how credit-related losses will hurt the fourth-largest U.S. investment bank.

  Published by Crain's New York Business on August 13, 2008.

• Goldman Sachs Lehman Brothers falls as analyst cuts estimates

  Mr. Mayo on Tuesday downgraded Goldman Sachs Group Inc. to "hold" from "buy," saying the company was not sheltered from the credit crisis, and that growth from its overseas operations might begin to weaken.

  Published by Crain's New York Business on August 13, 2008.

• Vornado Realty Trust Vornado, Reliance form retail venture in India

  Vornado Realty Trust said Wednesday it has formed a joint venture with India's Reliance Industries to invest in shopping centers in India.

  Published by Crain's New York Business on August 13, 2008.

• Apollo Big LBO firm swings to loss

  Leveraged-buyout firm Apollo Global Management said in a filing issued late Tuesday that it swung to a net loss of $96 million during the first three months of this year, compared to a $144 million profit in the year-earlier period. Revenue plunged by 88% to $15 million as the value of its investments sank.

  Published by Crain's New York Business on August 13, 2008.

• Bear Stearns JPM to post more mortgage losses in 3Q

  During the second quarter, J.P. Morgan Chase—which in March bought the investment bank Bear Stearns & Cos.—posted a 53% drop in profit after marking down its investment portfolio, writing off more consumer loans as unpaid, and bulking up its reserves for further loan losses.

  Published by Crain's New York Business on August 12, 2008.

• Willets Point City Council members blast Willets Pt. plan

  A day before a City Planning Commission hearing on the Bloomberg administration’s plan to remake Willets Point, a majority of City Council members plan to send a sharply-worded letter to the planning commissioner opposing the project.

  Published by Crain's New York Business on August 12, 2008.

• Securities and Exchange Commission JPM to post more mortgage losses in 3Q

  In a regulatory filing with the Securities and Exchange Commission, the bank said turbulence in the credit markets has caused it to lose about $1.5 billion, after hedges, in its mortgage-backed securities and loans to date in the July-to-September quarter.

  Published by Crain's New York Business on August 12, 2008.

• New York University Stadium cracks down on rowdy fans

  “For fans who can’t afford season tickets and thousand-dollar PSLs, these restrictions might make them start to question whether or not they should look into secondary markets,” said Wayne McDonnell, an assistant professor of sports management at New York University. “If anyone is affected, it’ll be the Giant [or Jets] fan that wants to go to an occasional game.”

  Published by Crain's New York Business on August 12, 2008.

• Stuyvesant High School Internet giant gets free help from high schoolers

  Ten high school students from Stuyvesant High School in lower Manhattan and five students from Grand Central High School in Philadelphia were called on this summer to work on InstantAction.com. They monitored the forums on the site, helped with programming code, analyzed usage of the site and worked on quality assurance by checking for bugs in the games and sites.

  Published by Crain's New York Business on August 12, 2008.

• lower Manhattan Internet giant gets free help from high schoolers

  Ten high school students from Stuyvesant High School in lower Manhattan and five students from Grand Central High School in Philadelphia were called on this summer to work on InstantAction.com. They monitored the forums on the site, helped with programming code, analyzed usage of the site and worked on quality assurance by checking for bugs in the games and sites.

  Published by Crain's New York Business on August 12, 2008.

• Deutsche Bank Two analysts cut Goldman's rating

  Deutsche Bank analyst Michael Mayo downgraded Goldman to “hold” from “buy” Tuesday, and lowered his earnings-per-share estimate to $2.40 for the third quarter, down from a previous estimate of $3.25. He also lowered his share price target to $192 from $209, and cut full-year earning projections to $14.60 per share, down from a previous projection of $16.25.

  Published by Crain's New York Business on August 12, 2008.

• Goldman Sachs Two analysts cut Goldman's rating

  Shares of Goldman Sachs Group Inc. took a hit Tuesday after two analysts lowered their earning estimates for the investment bank, saying fallout from the credit crunch is likely to affect its core business.

  Published by Crain's New York Business on August 12, 2008.

• Penn Station Three accused of stealing $800K in free rides

  The MTA said the three were able to take advantage of a software problem discovered in a Metrocard machine at Penn Station starting in September 2005. They're accused of selling Long Island Rail Road tickets and Metrocards to other riders through this past May.

  Published by Crain's New York Business on August 12, 2008.

• LaGuardia Community College City Council members blast Willets Pt. plan

  The city has said it will use eminent domain only as a last resort; its plan calls for 20% of the housing units to be affordable; it is working with LaGuardia Community College on a program to train the approximately 1,700 workers who will be displaced by the development; and it will require the developer to put $5 million into a traffic mitigation fund.

  Published by Crain's New York Business on August 12, 2008.

• John F. Kennedy International Airport Storms stall area air traffic

  The Federal Aviation Administration says departures of commercial flights elsewhere and destined for John F. Kennedy International Airport were running up to an average of two hours and 38 minutes.

  Published by Crain's New York Business on August 11, 2008.

• Ground Zero NYC official urges building code crackdown

  Manhattan Borough President Scott Stringer and the father of one of two firefighters killed in a blaze at a condemned ground zero skyscraper pressed the issue at a news conference Sunday.

  Published by Crain's New York Business on August 11, 2008.

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