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A quintessential, family-owned New York supermarket chain will be scooped up by New Jersey-based Wakefern Food Corp., the new owners announced Thursday. The sale price was not disclosed.Wakefern Food Corp., founded in 1946 as a small, local cooperative and which has since grown to include hundreds of stores across the Eastern Seaboard, will now add […]

The Juilliard School’s plan to offer tuition-free education to promising performers has gotten a poor review from Moody’s.The credit-rating agency this week lowered its outlook for the prestigious conservatory to “negative” from “stable.” It said the cost of doing away with tuition, which accounts for a quarter of Juilliard’s revenue, could worsen the school’s financial […]

A Queens-based real estate firm allegedly has been forcing its stabilized tenants to pay illegally high rents for years, according to a lawsuit filed by the state attorney general's office and the Department of Homes and Community Renewal.The lawsuit against Zara Realty, filed Wednesday in New York County Supreme Court, accuses the firm of breaking […]

The two small earthquakes that hit New Jersey this week may have rattled the region’s nerves but resulted in no reported damage. Damaging earthquakes are very rare in the New York City region, though engineering and seismic experts say that it wouldn't take an especially powerful earthquake to damage the boroughs’ older buildings if the […]