Cigna Ends GLP-1 Coverage For Employees
Cigna will end coverage of GLP‑1 weight‑loss medications for employees on July 1, pushing staff toward cash payments and manufacturer or federal discount programs. The move follows price shifts driven by new oral pills and the Medicare Bridge.
Jersey Barriers Take On Chaos In Downtown Brooklyn Bike Freeway
NYC DOT will repurpose Adams Street and Boerum Place into a 10‑ft, jersey‑barrier, two‑way protected bike lane to link Downtown Brooklyn to the Brooklyn Bridge; the north segment is slated for this fall.
NoMad’s Innside Hotel Fetches About $200 Million In Quiet Meliá Power Play
The 313-room Innside New York NoMad traded in a low-$200M Manhattan sale to a buyer tied to Meliá. The move shifts ownership away from the Artimus-linked developer.
OceanFirst Races to Dump $1.4 Billion in Rent-Stabilized NYC Apartment Debt
OceanFirst said it will sell about $1.4B of multifamily loans acquired from Flushing, largely NYC rent‑stabilized units, in a move to cut CRE concentration. The bank expects the sales to be completed by the end of the second quarter.
Chelsea Affordable Tower Snags $75.7 Million Lifeline From Wall Street Duo
Walker & Dunlop and Pretium’s joint venture closed a $75.7M bridge loan to refinance a 174‑unit Chelsea building, bridging the property to an anticipated HUD 223(f) takeout. The deal marks the venture’s first closed transaction and aims to preserve affordable units while permanent financing is secured.












