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Cash-strapped Garnet Health, which has racked up years of operating losses, signed a letter of intent Wednesday for Montefiore Health System to take over its three struggling hospitals in the mid-Hudson and Catskills regions.The affiliation, which is pending approval from state and federal authorities, seeks to improve Garnet’s finances and ensure that the hospital remains […]

A lawsuit seeking to stop the city from demolishing public housing in Chelsea was savaged by a judge after he discovered it was written using generative AI.The suit was brought by residents of the Fulton and Elliott-Chelsea houses who acted as their own lawyers, and the legal filing cited cases that don’t exist, New York […]

The city is holding off its search for a developer and anchor tenant for its $1.6 billion life sciences campus in Kips Bay as the biotech market struggles with high vacancy rates and a slowdown in venture capital funds.The pause impacts a cornerstone of Mayor Eric Adams' plan to establish New York as a biotech […]

On the heels of its failed bid to build a casino in Times Square, SL Green announced Wednesday that it's in contract to acquire Midtown's Park Avenue Tower for a blockbuster $730 million.SL Green, led by CEO Marc Holliday, is expected to close on the transaction early next year. The seller is Blackstone, which acquired […]