Tag: economic-development-corporation

NYC Ferry operator Hornblower acquired by private equity firm after bankruptcy filing

NYC Ferry in operation on East River

Feb. 22, 2024 By Ben Brachfeld Hornblower Group, the cruise operator that operates the NYC Ferry system, has been acquired by a private equity firm after filing for bankruptcy — though the city says this will not impact ferry service. The San Francisco-based company said Wednesday that the private equity firm Strategic Value Partners…

Rental competitivity report shows high demand in NYC

report

Sep. 25, 2023 By Ethan Marshall According to RentCafe’s latest rental competitivity report, New York City has been facing rising competition when it comes to apartments. This surge is due in large part to Manhattan and Brooklyn both placing among the report’s top 20 rental markets. In this report, 139 markets in the United States…
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