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New York Giants co-owners Steve Tisch and his two siblings are transferring their stakes in the team to trusts for their children, according to people familiar who couldn’t speak publicly. The move, which has to be approved by the NFL, will shift ownership of a franchise valued last year at $10.3 billion. It would also come […]

Moody's Ratings lowered its outlook on New York City to negative, citing "sizable and persistent" expected budget gaps.The ratings company affirmed its Aa2 rating on the city, the third-highest level of investment-grade. Moody's said the change came after the city's spending expectations showed larger budget shortfalls than previously forecast."The negative outlook reflects the emergence of […]

Newly sworn-in Comptroller Mark Levine laid out steps the city can take to get back on sound financial footing — notably, without increasing taxes — at a Crain’s event on Wednesday."We have the option of finding more efficiencies and savings and getting more fiscal help from Albany," Levine told a crowd of business leaders at […]

The low-profile but prolific real estate family behind Skyline Developers has snatched up more than $19 million worth of air rights to add to its Upper East Side project, records show.Orin Wilf, who founded the Midtown-based real estate firm in 1999, paid $19.2 to million to the Brodsky Organization for roughly 57,000 square feet of […]