Centerbridge Partners, L.P. is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities .
137-534: The firm manages over $ 32 billion of assets and is based in New York City , with an additional office in London . The firm invests in both control ( private equity and public debt with a "loan-to-own" strategy) and non-control (public market debt, public market equities, and other publicly traded securities) opportunities. The firm was founded in 2005 by Jeffrey Aronson and Mark Gallogly . Aronson had previously been
274-644: A chateau on Castle Island , within present-day Albany; it was abandoned the following year due to flooding. In 1614, the Dutch, under the command of Hendrick Corstiaensen, rebuilt the French chateau, which they called Fort Nassau . Fort Nassau was the first Dutch settlement in North America, and was located along the Hudson River, also within present-day Albany. The small fort served as a trading post and warehouse. Located on
411-608: A humid subtropical climate . Weather in New York is heavily influenced by two continental air masses: a warm, humid one from the southwest and a cold, dry one from the northwest. Downstate New York (comprising New York City, Long Island, and lower portions of the Hudson Valley) have rather hot summers with some periods of high humidity and cold, damp winters which are relatively mild compared to temperatures in Upstate New York, due to
548-519: A career most natives had turned to in hopes of trading with whites first. This completely changed the ethnography of the region, and most large game was hunted out before whites ever fully explored the land. Still, afterward, the Iroquois Confederacy offered shelter to refugees of the Mascouten , Erie, Chonnonton , Tutelo , Saponi , and Tuscarora nations. The Tuscarora became the sixth nation of
685-549: A company that Gallogly had been involved with at Blackstone . That same year, Centerbridge acquired 'GMAC Commercial Finance', a subsidiary of Ally Financial as well as Rock Bottom Restaurants and Gordon Biersch Brewery Restaurant Group, merged to form CraftWorks Restaurants & Breweries . In 2012, Centerbridge acquired P. F. Chang's China Bistro , a chain of Chinese casual dining restaurants. Three years later announced its agreement to buy Senvion SE from Indian wind turbine manufacturer Suzlon and acquired Great Wolf Resorts ,
822-612: A decade between Irish immigrants and Black people for work. Rioters burned the Colored Orphan Asylum to the ground. At least 120 people were killed. Eleven Black men were lynched over five days, and the riots forced hundreds of Blacks to flee. The Black population in Manhattan fell below 10,000 by 1865. The White working class had established dominance. It was one of the worst incidents of civil unrest in American history . In 1886,
959-519: A group of colonists eventually succeeded in establishing independence, and the state ratified the then new United States Constitution in 1788. From the early 19th century, New York's development of its interior, beginning with the construction of the Erie Canal , gave it incomparable advantages over other regions of the United States. The state built its political, cultural, and economic ascendancy over
1096-533: A group of hedge funds that litigated against the Puerto Rican government for full repayment on constitutionally guaranteed general obligation bonds. In the fall of 2020, Centerbridge took a minority stake in FreshDirect , an online grocer. The deal was part of a buyout of the company along with Dutch-based food retailer Ahold Delhaize . New York City New York , often called New York City or NYC ,
1233-682: A major threat to the Abenaki and Mohicans, while the Susquehannock briefly conquered the Lenape in the 1600s. The most devastating event of the century, however, was the Beaver Wars . From approximately 1640–1680, the Iroquois peoples waged campaigns which extended from modern-day Michigan to Virginia against Algonquian and Siouan tribes, as well as each other. The aim was to control more land for animal trapping ,
1370-510: A part of the colony of New York . It became a center of slavery , with 42% of households enslaving Africans by 1730. Most were domestic slaves ; others were hired out as labor. Slavery became integrally tied to New York's economy through the labor of slaves throughout the port, and the banking and shipping industries trading with the American South . During construction in Foley Square in
1507-510: A reputation as a despotic leader. He instituted regulations on liquor sales, attempted to assert control over the Dutch Reformed Church , and blocked other religious groups from establishing houses of worship. In 1664, unable to summon any significant resistance, Stuyvesant surrendered New Amsterdam to English troops, led by Colonel Richard Nicolls , without bloodshed. The terms of the surrender permitted Dutch residents to remain in
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#17330853052701644-524: A result of Sandy, and the economic losses in New York City were estimated to be roughly $ 19 billion. The disaster spawned long-term efforts towards infrastructural projects to counter climate change and rising seas, with $ 15 billion in federal funding received through 2022 towards those resiliency efforts. In March 2020, the first case of COVID-19 in the city was confirmed. With its population density and its extensive exposure to global travelers,
1781-583: A small group known as the Ouabano migrated southwest into West Virginia at an earlier time. They may have merged with the Shawnee . The Mohawk and Susquehannock were the most militaristic . Trying to corner trade with the Europeans, they targeted other tribes. The Mohawk were also known for refusing white settlement on their land and discriminating against any of their people who converted to Christianity . They posed
1918-476: A speech denying the request, which was paraphrased on the front page of the New York Daily News as "FORD TO CITY: DROP DEAD." The Municipal Assistance Corporation was formed and granted oversight authority over the city's finances. While a resurgence in the financial industry greatly improved the city's economic health in the 1980s, New York's crime rate continued to increase through that decade and into
2055-641: A temperature of −13 °F (−25 °C) or lower can be expected in the northern highlands (Northern Plateau) and 5 °F (−15 °C) or colder in the southwestern and east-central highlands of the Southern Tier. New York had a record-high temperature of 108 °F (42.2 °C) on July 22, 1926, in the Albany area. Its record-lowest temperature during the winter was −52 °F (−46.7 °C) in 1979. Governors Island, Manhattan , in New York Harbor ,
2192-644: A total area of 54,555 square miles (141,297 km ) and ranks as the 27th-largest state by size . The highest elevation in New York is Mount Marcy in the Adirondack High Peaks in Northern New York , at 5,344 feet (1,629 meters) above sea level ; while the state's lowest point is at sea level, on the Atlantic Ocean in Downstate New York . In contrast with New York City's urban landscape,
2329-592: A water border with Rhode Island , while Connecticut has land and sea borders. Except for areas near the New York Harbor and the Upper Delaware River , New York has a mostly land border with two Mid-Atlantic states , New Jersey and Pennsylvania . New York is the only state that borders both the Great Lakes and the Atlantic Ocean . The Hudson River begins near Lake Tear of the Clouds and flows south through
2466-476: Is a global center of finance and commerce , culture , technology , entertainment and media , academics and scientific output , the arts and fashion , and, as home to the headquarters of the United Nations , international diplomacy . With an estimated population in 2023 of 8,258,035 distributed over 300.46 square miles (778.2 km ), the city is the most densely populated major city in
2603-403: Is among the largest university systems in the nation. New York City is home to the headquarters of the United Nations , and it is sometimes described as the world's most important city, the cultural , financial , and media epicenter, and the capital of the world. The Native American tribes in what is now New York were predominantly Iroquois and Algonquian . Long Island
2740-467: Is an established safe haven for global investors. As of 2023 , New York City is the most expensive city in the world for expatriates and has by a wide margin the highest U.S. city residential rents; and Fifth Avenue is the most expensive shopping street in the world. New York City is home by a significant margin to the highest number of billionaires , individuals of ultra-high net worth (greater than US$ 30 million), and millionaires of any city in
2877-516: Is covered by ice. The summer climate is cool in the Adirondacks, Catskills, and at higher elevations of the Southern Tier. Buffalo and its metropolitan area are described as climate change havens for their weather pattern in Western New York. Summer daytime temperatures range from the high 70s to low 80s °F (25 to 28 °C), over most of the state. In the majority of winter seasons,
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#17330853052703014-528: Is planned to host a US$ 1 billion research and education center poised to make New York the global leader in addressing the climate crisis . Due to New York's relatively large land area and unique geography compared to other eastern states, there are several distinct ecoregions present in the state, many of them reduced heavily due to urbanization and other human activities: Southern Great Lakes forests in Western New York , New England–Acadian forests on
3151-637: Is shared between New York and Ontario as it flows on the Niagara River from Lake Erie to Lake Ontario. The Delaware River Basin Compact, signed in 1961 by New York, New Jersey, Pennsylvania , Delaware , and the federal government, regulates the utilization of water of the Delaware system. Under the Köppen climate classification , most of New York has a humid continental climate , though New York City and Long Island have
3288-542: Is the most populous city in the United States , located at the southern tip of New York State on one of the world's largest natural harbors . The city comprises five boroughs , each coextensive with a respective county . The city is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area , the largest metropolitan area in the U.S. by both population and urban area . New York
3425-514: Is true for New York City: four of its five boroughs are situated on three islands at the mouth of the Hudson River : Manhattan Island ; Staten Island ; and Long Island , which contains Brooklyn and Queens at its western end. The state's borders include a water boundary in (clockwise from the west) two Great Lakes ( Lake Erie and Lake Ontario , which are connected by the Niagara River );
3562-698: The Algonquians and the Iroquois Confederacy Native Americans for several thousand years by the time the earliest Europeans arrived. Stemming from Henry Hudson 's expedition in 1609, the Dutch established the multiethnic colony of New Netherland in 1621. England seized the colony from the Dutch in 1664, renaming it the Province of New York . During the American Revolutionary War ,
3699-519: The American Civil War , in terms of finances, volunteer soldiers, and supplies. The state provided more than 370,000 soldiers to the Union armies. Over 53,000 New Yorkers died in service, roughly one of every seven who served. However, Irish draft riots in 1862 were a significant embarrassment. Since the early 19th century, New York City has been the largest port of entry for legal immigration into
3836-731: The Atlantic port to the agricultural markets and commodities of the North American interior via the Hudson River and the Great Lakes . Local politics became dominated by Tammany Hall , a political machine supported by Irish and German immigrants . In 1831, New York University was founded. Several prominent American literary figures lived in New York during the 1830s and 1840s, including William Cullen Bryant , Washington Irving , Herman Melville , Rufus Wilmot Griswold , John Keese , Nathaniel Parker Willis , and Edgar Allan Poe . Members of
3973-439: The Atlantic Ocean , New England , Canada, and the Great Lakes . With almost 19.6 million residents, it is the fourth-most populous state in the United States , and the 27th-largest state by area , with a total area of 54,556 square miles (141,300 km ). New York has a varied geography . The southeastern part of the state, known as Downstate , encompasses New York City , the United States's largest city; Long Island ,
4110-637: The Capital Region entered Phase 1 of reopening. On May 26, the Hudson Valley began Phase 1, and New York City partially reopened on June 8. During July 2020, a federal judge ruled Governor Andrew Cuomo and Mayor Bill de Blasio exceeded authority by limiting religious gatherings to 25% when others operated at 50% capacity. On Thanksgiving Eve, the U.S. Supreme Court blocked additional religious restrictions imposed by Cuomo for areas with high infection rates. The state of New York covers
4247-597: The Continental Army at the Battle of Saratoga in 1777, a success that influenced France to ally with the revolutionaries; the state constitution was enacted in 1777. New York became the 11th state to ratify the United States Constitution , on July 26, 1788. In an attempt to retain their sovereignty and remain an independent nation positioned between the new United States and British North America , four of
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4384-876: The Crown , with as many as 10,000 escaped slaves crowded into the city during the British occupation, the largest such community on the continent. When the British forces evacuated New York at the close of the war in 1783, they transported thousands of freedmen for resettlement in Nova Scotia , England, and the Caribbean . The attempt at a peaceful solution to the war took place at the Conference House on Staten Island between American delegates, including Benjamin Franklin , and British general Lord Howe on September 11, 1776. Shortly after
4521-459: The Declaration of Independence on July 9, 1776. The New York State Constitution was framed by a convention which assembled at White Plains on July 10, 1776, and after repeated adjournments and changes of location, finished its work at Kingston on Sunday evening, April 20, 1777, when the new constitution drafted by John Jay was adopted with but one dissenting vote. It was not submitted to
4658-681: The Great Lakes , with the port of New York City. Improving transportation, it enabled additional population migration to territories west of New York. After 1850, railroads largely replaced the canal. The connectivity offered by the canal, and subsequently the railroads, led to an economic boom across the entire state through the 1950s. Major corporations that got their start in New York during this time include American Express , AT&T , Bristol Myers Squibb , Carrier , Chase , General Electric , Goldman Sachs , IBM , Kodak , Macy's , NBC , Pfizer , Random House , RCA , Tiffany & Co. , Wells Fargo , Western Union , and Xerox . New York City
4795-691: The Iroquois Nations fought on the side of the British; only the Oneida and their dependents, the Tuscarora, allied themselves with the Americans. In retaliation for attacks on the frontier led by Joseph Brant and Loyalist Mohawk forces , the Sullivan Expedition of 1779 destroyed nearly 50 Iroquois villages, adjacent croplands and winter stores, forcing many refugees to British-held Niagara. As allies of
4932-719: The Lake Champlain Valley . The Great Appalachian Valley dominates eastern New York and contains Lake Champlain Valley as its northern half and the Hudson Valley as its southern half within the state. The Tug Hill region arises as a cuesta east of Lake Ontario . The state of New York contains a part of the Marcellus shale , which extends into Ohio and Pennsylvania. Upstate and Downstate are often used informally to distinguish New York City or its greater metropolitan area from
5069-528: The New England border, Northeastern coastal forests in the lower Hudson Valley and western Long Island , Atlantic coastal pine barrens in southern Long Island, Northeastern interior dry–mesic oak forest in the eastern Southern Tier and upper Hudson Valley, Appalachian–Blue Ridge forests in the Hudson Valley), Central Appalachian dry oak–pine forest around the Hudson Valley, Eastern Great Lakes and Hudson Lowlands , Eastern forest–boreal transition in
5206-699: The New York City Fire Department and 71 law enforcement officers. The area was rebuilt with a new World Trade Center , the National September 11 Memorial and Museum , and other new buildings and infrastructure, including the World Trade Center Transportation Hub , the city's third-largest hub. The new One World Trade Center is the tallest skyscraper in the Western Hemisphere and the seventh-tallest building in
5343-639: The New York State Legislature created the Board of Commissioners of Immigration to regulate immigration. The first permanent immigration depot in New York was established in 1855 at Castle Garden , a converted War of 1812 era fort located within what is now Battery Park , at the tip of Lower Manhattan. The first immigrants to arrive at the new depot were aboard three ships that had just been released from quarantine . Castle Garden served as New York's immigrant depot until it closed on April 18, 1890, when
5480-899: The Northwest Passage to the Orient for the Dutch East India Company . He sailed up what the Dutch called North River (now the Hudson River), named first by Hudson as the Mauritius after Maurice, Prince of Orange . Hudson claimed the region for the Dutch East India Company. In 1614, the area between Cape Cod and Delaware Bay was claimed by the Netherlands and called Nieuw-Nederland (' New Netherland '). The first non–Native American inhabitant of what became New York City
5617-557: The Philadelphia Convention , which drafted the United States Constitution, in which he also took part. The new government was to be a strong federal national government to replace the relatively weaker confederation of individual states. Following heated debate, which included the publication of The Federalist Papers as a series of installments in New York City newspapers, New York was the 11th state to ratify
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5754-408: The Statue of Liberty , a gift from France , was dedicated in New York Harbor. The statue welcomed 14 million immigrants as they came to the U.S. via Ellis Island by ship in the late 19th and early 20th centuries, and is a symbol of the United States and American ideals of liberty and peace. In 1898, the City of New York was formed with the consolidation of Brooklyn (until then a separate city),
5891-465: The Stonewall riots were a series of violent protests by members of the gay community against a police raid that took place in the early morning of June 28, 1969, at the Stonewall Inn in Greenwich Village . They are widely considered to be the single most important event leading to the gay liberation movement and the modern fight for LGBT rights . Wayne R. Dynes , author of the Encyclopedia of Homosexuality , wrote that drag queens were
6028-418: The Susquehannock and the Erie . Many of the Wampanoag and Mohican peoples were caught up in King Philip's War , a joint effort of many New England tribes to push Europeans off their land. After the death of their leader, Chief Philip Metacomet , most of those peoples fled inland, splitting into the Abenaki and the Schaghticoke . Many of the Mohicans remained in the region until the 1800s, however,
6165-476: The United States Constitution , on July 26, 1788. New York City remained the national capital under the new constitution until 1790 when it was moved to Philadelphia until 1800, when it was relocated to its current location in Washington, D.C. and was the site of the inauguration of President George Washington, In the first session of the Supreme Court of the United States , the United States Bill of Rights were drafted. Transportation in Western New York
6302-471: The World Trade Center site . On October 29 and 30, 2012, Hurricane Sandy caused extensive destruction of the state's shorelines, ravaging portions of New York City, Long Island , and southern Westchester with record-high storm surge , with severe flooding and high winds causing power outages for hundreds of thousands of New Yorkers, and leading to gasoline shortages and disruption of mass transit systems. The storm and its profound effects have prompted
6439-517: The ring-necked pheasant , northern bobwhite , ruffed grouse , spruce grouse , Canada jay , wild turkey , blue jay , eastern bluebird (the state bird ), American robin , and black-capped chickadee . Birds of prey that are present in the state are great horned owls , bald eagles , red-tailed hawks , American kestrels , and northern harriers . Waterfowl like mallards , wood ducks , canvasbacks , American black ducks , trumpeter swans , Canada geese , and blue-winged teals can be found in
6576-403: The steamship General Slocum caught fire in the East River , killing 1,021 people. In 1911, the Triangle Shirtwaist Factory fire , the city's worst industrial disaster, killed 146 garment workers and spurred the growth of the International Ladies' Garment Workers' Union and major improvements in factory safety standards. New York's non-White population was 36,620 in 1890. New York City
6713-421: The waterfronts since Dutch colonial times; reclamation is most prominent in Lower Manhattan, with developments such as Battery Park City in the 1970s and 1980s. Some of the natural relief in topography has been evened out, especially in Manhattan. New York State New York , also called New York State , is a state in the Northeastern United States . One of the Mid-Atlantic states, it borders
6850-539: The white-footed mouse , North American least shrew , little brown bat , muskrat , eastern gray squirrel , eastern cottontail , American ermine , groundhog , striped skunk , fisher , North American river otter , raccoon , bobcat , eastern coyote , red fox , gray fox white-tailed deer , moose , and American black bear ; extirpated mammals include Canada lynx , American bison , wolverine , Allegheny woodrat , caribou , eastern elk , eastern cougar , and eastern wolf . Some species of birds in New York are
6987-416: The 1990s, the African Burying Ground was discovered; the cemetery included 10,000 to 20,000 graves of colonial-era Africans, some enslaved and some free. The 1735 trial and acquittal in Manhattan of John Peter Zenger , who had been accused of seditious libel after criticizing colonial governor William Cosby , helped to establish freedom of the press in North America . In 1754, Columbia University
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#17330853052707124-418: The 19th century, the city was transformed by both commercial and residential development relating to its status as a national and international trading center , as well as by European immigration, respectively. The city adopted the Commissioners' Plan of 1811 , which expanded the city street grid to encompass almost all of Manhattan. The 1825 completion of the Erie Canal through central New York connected
7261-548: The Adirondacks, Eastern Great Lakes lowland forests around the Adirondacks, and Allegheny Highlands forests , most of which are in the western Southern Tier. Some species that can be found in this state are American ginseng , starry stonewort , waterthyme , water chestnut, eastern poison ivy , poison sumac , giant hogweed , cow parsnip and common nettle . There are more than 70 mammal species, more than 20 bird species, some species of amphibians, and several reptile species. Species of mammals that are found in New York are
7398-409: The British occupation began, the Great Fire of New York destroyed nearly 500 buildings, about a quarter of the structures in the city, including Trinity Church . In January 1785, the assembly of the Congress of the Confederation made New York City the national capital. New York was the last capital of the U.S. under the Articles of Confederation and the first capital under the Constitution of
7535-438: The British, the Iroquois were forced out of New York, although they had not been part of treaty negotiations. They resettled in Canada after the war and were given land grants by the Crown. In the treaty settlement, the British ceded most Indian lands to the new United States. Because New York made a treaty with the Iroquois without getting Congressional approval, some of the land purchases have been subject to land claim suits since
7672-410: The Bronx , and Staten Island . Anchored by Wall Street in the Financial District, Manhattan , New York City has been called both the world's premier financial and fintech center and the most economically powerful city in the world. As of 2022 , the New York metropolitan area is the largest metropolitan economy in the world , with a gross metropolitan product of over US$ 2.16 trillion. If
7809-399: The County of New York (which then included parts of the Bronx), the County of Richmond, and the western portion of the County of Queens. The opening of the New York City Subway in 1904, first built as separate private systems, helped bind the new city together. Throughout the first half of the 20th century, the city became a world center for industry, commerce, and communication. In 1904,
7946-459: The Dutch West India Company relinquished its monopoly over the fur trade, leading to growth in the production and trade of food, timber, tobacco, and slaves (particularly with the Dutch West Indies ). In 1647, Peter Stuyvesant began his tenure as the last Director-General of New Netherland. During his tenure, the population of New Netherland grew from 2,000 to 8,000. Stuyvesant has been credited with improving law and order; however, he earned
8083-413: The Dutch colonial Director-General Peter Minuit , as charged by the Dutch West India Company , purchased the island of Manhattan from the Canarsie , a small Lenape band, for "the value of 60 guilders " (about $ 900 in 2018). A frequently told but disproved legend claims that Manhattan was purchased for $ 24 worth of glass beads. Following the purchase, New Amsterdam grew slowly. To attract settlers,
8220-478: The Dutch instituted the patroon system in 1628, whereby wealthy Dutchmen ( patroons , or patrons) who brought 50 colonists to New Netherland would be awarded land, local political autonomy, and rights to participate in the lucrative fur trade. This program had little success. Since 1621, the Dutch West India Company had operated as a monopoly in New Netherland, on authority granted by the Dutch States General . In 1639–1640, in an effort to bolster economic growth,
8357-466: The Hudson River flood plain, the rudimentary fort was washed away by flooding in 1617, and abandoned for good after Fort Orange (New Netherland) was built nearby in 1623. Henry Hudson's 1609 voyage marked the beginning of European involvement in the area. Sailing for the Dutch East India Company and looking for a passage to Asia, he entered the Upper New York Bay on September 11 of that year. Word of his findings encouraged Dutch merchants to explore
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#17330853052708494-482: The Iroquois Confederacy include the Seneca, Cayuga, Onondaga, Oneida, Tuscarora and Mohawk. The Iroquois fought for both sides during the Revolutionary War ; afterwards many pro-British Iroquois migrated to Canada. Today, the Iroquois still live in several enclaves across New York and Ontario. Meanwhile, the Lenape formed a close relationship with William Penn . However, upon Penn's death, his sons managed to take over much of their lands and banish them to Ohio. When
8631-414: The Iroquois. In the 1700s, Iroquoian peoples would take in the remaining Susquehannock of Pennsylvania after they were decimated in the French and Indian War . Most of these other groups assimilated and eventually ceased to exist as separate tribes. Then, after the American Revolution , a large group of Seneca split off and returned to Ohio, becoming known as the Mingo Seneca. The current Six Nations of
8768-506: The King of France's sister . Verrazzano described it as "a vast coastline with a deep delta in which every kind of ship could pass" and he adds: "that it extends inland for a league and opens up to form a beautiful lake. This vast sheet of water swarmed with native boats." He landed on the tip of Manhattan and possibly on the furthest point of Long Island. Verrazzano's stay was interrupted by a storm which pushed him north towards Martha's Vineyard . In 1540, French traders from New France built
8905-423: The Lenape. In 1524, Giovanni da Verrazzano , an Italian explorer in the service of the French crown , explored the Atlantic coast of North America between the Carolinas and Newfoundland , including New York Harbor and Narragansett Bay . On April 17, 1524, Verrazzano entered New York Bay , by way of the strait now called the Narrows into the northern bay which he named Santa Margherita, in honor of
9042-420: The Native Americans and epidemics brought on by contact with the Europeans caused sizeable population losses for the Lenape between 1660 and 1670. By 1700, the Lenape population had diminished to 200. New York experienced several yellow fever epidemics in the 18th century, losing ten percent of its population in 1702 alone. In the early 18th century, New York grew in importance as a trading port while as
9179-405: The New York metropolitan area were its own country , it would have the tenth-largest economy in the world . Despite having a 24/7 rapid transit system , New York also leads the world in urban automobile traffic congestion . The city is home to the world's two largest stock exchanges by market capitalization of their listed companies: the New York Stock Exchange and Nasdaq . New York City
9316-578: The Revolutionary War and escaped slaves, a significant free-Black population gradually developed in Manhattan. The New York Manumission Society worked for abolition and established the African Free School to educate Black children. It was not until 1827 that slavery was completely abolished in the state . Free Blacks struggled with discrimination and interracial abolitionist activism continued. New York City's population jumped from 123,706 in 1820 (10,886 of whom were Black and of which 518 were enslaved) to 312,710 by 1840 (16,358 of whom were Black). Also in
9453-401: The Twin Towers of the original World Trade Center in Lower Manhattan , and the towers collapsed . 7 World Trade Center also collapsed due to damage from fires. The other buildings of the World Trade Center complex were damaged beyond repair and demolished soon thereafter. The collapse of the Twin Towers caused extensive damage and resulted in the deaths of 2,753 victims, including 147 aboard
9590-432: The U.S. drafted the Indian Removal Act , the Lenape were further moved to Missouri, whereas their cousins, the Mohicans, were sent to Wisconsin. Also, in 1778, the United States relocated the Nanticoke from the Delmarva Peninsula to the former Iroquois lands south of Lake Ontario, though they did not stay long. Mostly, they chose to migrate into Canada and merge with the Iroquois, although some moved west and merged with
9727-415: The United States . As the U.S. capital, New York City hosted the inauguration of the first President, George Washington , and the first Congress , at Federal Hall on Wall Street . Congress drafted the Bill of Rights there. The Supreme Court held its first organizational sessions in New York in 1790. In 1790, for the first time, New York City surpassed Philadelphia as the nation's largest city. At
9864-436: The United States . As many as 800 languages are spoken in New York City, making it the most linguistically diverse city in the world. In 2021, the city was home to nearly 3.1 million residents born outside the U.S., the largest foreign-born population of any city in the world. New York City traces its origins to Fort Amsterdam and a trading post founded on Manhattan Island by Dutch colonists around 1624. The settlement
10001-467: The United States . In the United States, the federal government did not assume direct jurisdiction for immigration until 1890. Prior to this time, the matter was delegated to the individual states, then via contract between the states and the federal government. Most immigrants to New York would disembark at the bustling docks along the Hudson and East Rivers , in the eventual Lower Manhattan . On May 4, 1847,
10138-456: The United States can trace their ancestry to these immigrants. Ellis Island was the subject of a contentious and long-running border and jurisdictional dispute between the State of New York and the State of New Jersey, as both claimed it. The issue was officially settled in 1998 by the U.S. Supreme Court which ruled that the original 3.3-acre (1.3 ha) island was New York state territory and that
10275-416: The United States. New York City has more than double the population of Los Angeles , the nation's second-most populous city. With more than 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York City is one of the world's most populous megacities . The city and its metropolitan area are the premier gateway for legal immigration to
10412-698: The area for France and named it Nouvelle Angoulême (New Angoulême ). A Spanish expedition, led by the Portuguese captain Estêvão Gomes sailing for Emperor Charles V , arrived in New York Harbor in January 1525 and charted the mouth of the Hudson River , which he named Río de San Antonio ('Saint Anthony's River'). In 1609, the English explorer Henry Hudson rediscovered New York Harbor while searching for
10549-599: The balance of the 27.5 acres (11 ha) added after 1834 by landfill was in New Jersey. In May 1964, Ellis Island was added to the National Park Service by President Lyndon B. Johnson and is still owned by the federal government as part of the Statue of Liberty National Monument . In 1990, Ellis Island was opened to the public as a museum of immigration. On September 11, 2001, two of four hijacked planes were flown into
10686-543: The beginning of the 1990s. By the mid-1990s, crime rates started to drop dramatically due to revised police strategies, improving economic opportunities, gentrification , and new residents, both American transplants and new immigrants from Asia and Latin America. New York City's population exceeded 8 million for the first time in the 2000 United States census ; further records were set in 2010 , and 2020 U.S. censuses. Important new sectors, such as Silicon Alley , emerged in
10823-583: The business elite lobbied for the establishment of Central Park , which in 1857 became the first landscaped park in an American city. The Great Irish Famine brought a large influx of Irish immigrants, of whom more than 200,000 were living in New York by 1860, representing over a quarter of the city's population. Extensive immigration from the German provinces meant that Germans comprised another 25% of New York's population by 1860. Democratic Party candidates were consistently elected to local office, increasing
10960-502: The canal carrying passengers and freight. Farm products came in from the Midwest , and finished manufactured goods moved west. It was an engineering marvel which opened up vast areas of New York to commerce and settlement. It enabled Great Lakes port cities such as Buffalo and Rochester to grow and prosper. It also connected the burgeoning agricultural production of the Midwest and shipping on
11097-623: The central and western parts of the state, New York is dominated by the Finger Lakes , a popular tourist destination. To the south, along the state border with Pennsylvania , the Southern Tier sits atop the Allegheny Plateau , representing some of the northernmost reaches of Appalachia . New York was one of the original Thirteen Colonies that went on to form the United States. The area of present-day New York had been inhabited by tribes of
11234-605: The city from New Jersey. The East River—a tidal strait —flows from Long Island Sound and separates the Bronx and Manhattan from Long Island. The Harlem River , another tidal strait between the East and Hudson rivers, separates most of Manhattan from the Bronx. The Bronx River , which flows through the Bronx and Westchester County , is the only entirely freshwater river in the city. The city's land has been altered substantially by human intervention, with considerable land reclamation along
11371-621: The city on October 19 of that year, composed of representatives from across the Thirteen Colonies who set the stage for the Continental Congress to follow. The Stamp Act Congress resulted in the Declaration of Rights and Grievances , which was the first written expression by representatives of the Americans of many of the rights and complaints later expressed in the United States Declaration of Independence . This included
11508-439: The city rapidly replaced Wuhan , China as the global epicenter of the pandemic during the early phase, straining the city's healthcare infrastructure. Through March 2023, New York City recorded more than 80,000 deaths from COVID-19-related complications. New York City is situated in the northeastern United States , in southeastern New York State, approximately halfway between Washington, D.C. and Boston . Its location at
11645-613: The city's economy. The advent of Y2K was celebrated with fanfare in Times Square . New York City suffered the bulk of the economic damage and largest loss of human life in the aftermath of the September 11, 2001, attacks . Two of the four airliners hijacked that day were flown into the twin towers of the World Trade Center, resulting in the collapse of both buildings and the deaths of 2,753 people, including 343 first responders from
11782-716: The city's ties to the South and its dominant party. In 1861, Mayor Fernando Wood called on the aldermen to declare independence from Albany and the United States after the South seceded, but his proposal was not acted on. Anger at new military conscription laws during the American Civil War (1861–1865), which spared wealthier men who could afford to hire a substitute, led to the Draft Riots of 1863 , whose most visible participants were ethnic Irish working class. The draft riots deteriorated into attacks on New York's elite, followed by attacks on Black New Yorkers after fierce competition for
11919-578: The coast in search of profitable fur trading with local Native American tribes. During the 17th century, Dutch trading posts established for the trade of pelts from the Lenape, Iroquois, and other tribes were founded in the colony of New Netherland . The first of these trading posts were Fort Nassau (1614, near present-day Albany ); Fort Orange (1624, on the Hudson River just south of the current city of Albany and created to replace Fort Nassau), developing into settlement Beverwijck (1647), and into what became Albany; Fort Amsterdam (1625, to develop into
12056-615: The colony and allowed for religious freedom. In 1667, during negotiations leading to the Treaty of Breda after the Second Anglo-Dutch War , the victorious Dutch decided to keep the nascent plantation colony of what is now Suriname , which they had gained from the English, and in return the English kept New Amsterdam. The settlement was promptly renamed "New York" after the Duke of York (the future King James II and VII). The duke gave part of
12193-604: The colony to proprietors George Carteret and John Berkeley . On August 24, 1673, during the Third Anglo-Dutch War , Anthony Colve of the Dutch navy seized New York at the behest of Cornelis Evertsen the Youngest and rechristened it "New Orange" after William III , the Prince of Orange . The Dutch soon returned the island to England under the Treaty of Westminster of November 1674. Several intertribal wars among
12330-417: The development of large housing tracts in eastern Queens and Nassau County , with Wall Street leading America's place as the world's dominant economic power. The United Nations headquarters was completed in 1952, solidifying New York's global geopolitical influence, and the rise of abstract expressionism in the city precipitated New York's displacement of Paris as the center of the art world. In 1969,
12467-427: The discussion of constructing seawalls and other coastal barriers around the shorelines of New York City and Long Island to minimize the risk from another such future event. Such risk is considered highly probable due to global warming and rising sea levels . On March 1, 2020, New York had its first confirmed case of COVID-19 after Washington (state) , two months prior. From May 19–20, Western New York and
12604-533: The downstate region's lower elevation, proximity to the Atlantic Ocean, and relatively lower latitude . Upstate New York experiences warm summers, marred by only occasional, brief intervals of sultry conditions, with long and cold winters. Western New York, particularly the Tug Hill region, receives heavy lake-effect snows , especially during the earlier portions of winter, before the surface of Lake Ontario itself
12741-402: The duration of the conflict, and consequently the focus of General George Washington 's intelligence network . On the notorious British prison ships of Wallabout Bay , more American combatants died than were killed in combat in every battle of the war combined. Both sides of combatants lost more soldiers to disease than to outright wounds. The first of two major British armies were captured by
12878-642: The eastern part of the state, without draining Lakes George or Champlain . Lake George empties at its north end into Lake Champlain, whose northern end extends into Canada, where it drains into the Richelieu River and then ultimately the Saint Lawrence River . The western section of the state is drained by the Allegheny River and rivers of the Susquehanna and Delaware River systems. Niagara Falls
13015-406: The end of 1790, the national capital was moved to Philadelphia . During the 19th century, New York City's population grew from 60,000 to 3.43 million. Under New York State's gradual emancipation act of 1799, children of slave mothers were to be eventually liberated but to be held in indentured servitude until their mid-to-late twenties. Together with slaves freed by their masters after
13152-552: The federal government assumed control over immigration. During that period, more than eight million immigrants passed through its doors (two of every three U.S. immigrants). When the federal government assumed control, it established the Bureau of Immigration , which chose the three-acre (1.2 ha) Ellis Island in Upper New York Harbor for an entry depot. Already federally controlled, the island had served as an ammunition depot. It
13289-504: The firm announced plans to begin marketing a second investment fund with a target of $ 3.75 billion of investor commitments. In 2011, the firm closed its second flagship fund, Centerbridge Partners II, on $ 4.4 billion, including a commitment from the GP. This was followed by a closing of its $ 2bn second Special Credit Partners fund in March 2012. In 2010, Centerbridge won control of Extended Stay Hotels ,
13426-459: The firm in 1989 from Manufacturers Hanover Trust Company , where he worked in acquisition finance. In September 2006, the firm raised its debut fund with $ 3.2 billion of investor commitments to focus on control investments in distressed securities as well as leveraged buyout transactions. The firm also raised a $ 2 billion non-control, activist-oriented credit trading fund known as Centerbridge Special Credit Partners through 2009 and 2010. In 2010,
13563-457: The founding of a Dutch fur trading settlement on Governors Island . In 1625, construction was started on a citadel and Fort Amsterdam , later called Nieuw Amsterdam (New Amsterdam), on present-day Manhattan Island. The colony of New Amsterdam extended from the southern tip of Manhattan to modern-day Wall Street , where a 12-foot (3.7 m) wooden stockade was built in 1653 to protect against Native American and English raids. In 1626,
13700-592: The head of distressed securities and had founded the leveraged loan business at Angelo, Gordon & Co. , which he had joined in 1989 from L.F. Rothschild & Co. Gallogly was formerly a senior managing director and head of private equity investments at the Blackstone Group from 2003 until his departure. At Blackstone, Gallogly was heavily involved in the firm's investments in New Skies Satellites and Sirius Satellite Radio among others and had joined
13837-441: The highest count of any U.S. state in 2022. Many of its landmarks are well known, including four of the world's ten most-visited tourist attractions in 2013: Times Square , Central Park , Niagara Falls , and Grand Central Terminal . New York is home to approximately 200 colleges and universities , including Ivy League members Columbia University and Cornell University , and the expansive State University of New York , which
13974-410: The ice (and its subsequent retreat) contributed to the separation of what is now Long Island and Staten Island. That action left bedrock at a relatively shallow depth, providing a solid foundation for most of Manhattan's skyscrapers. The Hudson River flows through the Hudson Valley into New York Bay . Between New York City and Troy, New York , the river is an estuary . The Hudson River separates
14111-434: The last American stronghold in Manhattan, causing George Washington and his forces to retreat across the Hudson River to New Jersey , pursued by British forces. After the battle, in which the Americans were defeated, the British made the city their military and political base of operations in North America. The city was a haven for Loyalist refugees and escaped slaves who joined the British lines for freedom promised by
14248-534: The late 20th century by the federally recognized tribes. New York put up more than 5 million acres (20,000 km ) of former Iroquois territory for sale in the years after the Revolutionary War, leading to rapid development in Upstate New York. As per the Treaty of Paris , the last vestige of British authority in the former Thirteen Colonies —their troops in New York City—departed in 1783, which
14385-419: The most populous urbanized area in the world in the early 1920s, overtaking London . The metropolitan area surpassed 10 million in the early 1930s, becoming the first megacity . The Great Depression saw the election of reformer Fiorello La Guardia as mayor and the fall of Tammany Hall after eighty years of political dominance. Returning World War II veterans created a post-war economic boom and
14522-488: The mouth of the Hudson River , which feeds into a naturally sheltered harbor and then into the Atlantic Ocean , has helped the city grow in significance as a trading port. Most of the city is built on the three islands of Long Island, Manhattan, and Staten Island. During the Wisconsin glaciation , 75,000 to 11,000 years ago, the New York City area was situated at the edge of a large ice sheet . The erosive forward movement of
14659-521: The nation's most populous island; and the suburbs and wealthy enclaves of the lower Hudson Valley . These areas are the center of the expansive New York metropolitan area and account for approximately two-thirds of the state's population. The larger Upstate area spreads from the Great Lakes to Lake Champlain and includes the Adirondack Mountains and the Catskill Mountains (part of
14796-411: The next century, earning it the nickname of the " Empire State ". Although deindustrialization eroded a portion of the state's economy in the second half of the 20th century, New York in the 21st century continues to be considered as a global node of creativity and entrepreneurship , social tolerance , and environmental sustainability . The state attracts visitors from all over the globe, with
14933-492: The only " transgender folks around" during the June 1969 Stonewall riots. The transgender community in New York City played a significant role in fighting for LGBT equality. In the 1970s, job losses due to industrial restructuring caused New York City to suffer from economic problems and rising crime rates. Growing fiscal deficits in 1975 led the city to appeal to the federal government for financial aid; President Gerald Ford gave
15070-611: The people for ratification. On July 30, 1777, George Clinton was inaugurated as the first Governor of New York at Kingston. Approximately a third of the battles of the American Revolutionary War took place in New York; the first major one and largest of the entire war was the Battle of Long Island , also known as the Battle of Brooklyn, in August 1776. After their victory, the British occupied present-day New York City, making it their military and political base of operations in North America for
15207-640: The provinces of Ontario and Quebec in Canada, with New York and Ontario sharing the Thousand Islands archipelago within the Saint Lawrence River, while most of its border with Quebec is on land; it shares Lake Champlain with the New England state of Vermont ; the New England state of Massachusetts has mostly a land border; New York extends into Long Island Sound and the Atlantic Ocean , sharing
15344-400: The region. Maritime or shore birds of New York are great blue heron , killdeers , northern cardinals , American herring gulls , and common terns . Reptile and amphibian species in land areas of New York include queen snakes , hellbenders , diamondback terrapins , timber rattlesnakes , eastern fence lizards , spotted turtles , and Blanding's turtles . Sea turtles that can be found in
15481-592: The rest of the State of New York. The placement of a boundary between the two is a matter of great contention. Unofficial and loosely defined regions of Upstate New York include from the Southern Tier, which includes many of the counties along the border with Pennsylvania, to the North Country region, above or sometimes including parts of the Adirondack region. Among the total area of New York state, 13.6% consists of water. Much of New York's boundaries are in water, as
15618-452: The right to representative government . At the same time, given strong commercial, personal and sentimental links to Britain , many New York residents were Loyalists . The Capture of Fort Ticonderoga provided the cannon and gunpowder necessary to force a British withdrawal from the siege of Boston in 1775. New York was the only colony not to vote for independence , as the delegates were not authorized to do so. New York then endorsed
15755-564: The second largest solar PV operator in Spain and one of the largest in the world, with close to 500MW worldwide. During the 2020 Democratic Party presidential primaries , Pete Buttigieg received scrutiny for accepting donations from members of Centerbridge due to the firm's "reputation for its work buying up distressed debt in Puerto Rico ." Centerbridge sat on the steering committee of the Ad Hoc group,
15892-560: The site on March 21, 2014. Upon its completion in 2014, the new One World Trade Center became the tallest skyscraper in the Western Hemisphere, at 1,776 feet (541 m), meant to symbolize the year America gained its independence , 1776. From 2006 to 2018, 3 World Trade Center , 4 World Trade Center , 7 World Trade Center, the World Trade Center Transportation Hub , Liberty Park , and Fiterman Hall were completed. St. Nicholas Greek Orthodox Church and Ronald O. Perelman Performing Arts Center are under construction at
16029-463: The state are the green sea turtle , loggerhead sea turtle , leatherback sea turtle and Kemp's ridley sea turtle . New York Harbor and the Hudson River constitute an estuary , making the state of New York home to a rich array of marine life including shellfish—such as oysters and clams —as well as fish, microorganisms, and sea-birds. Due to its long history, New York has several overlapping and often conflicting definitions of regions within
16166-416: The town New Amsterdam , which is present-day New York City); and Esopus (1653, now Kingston ). The success of the patroonship of Rensselaerswyck (1630), which surrounded Albany and lasted until the mid-19th century, was also a key factor in the early success of the colony. The English captured the colony during the Second Anglo-Dutch War and governed it as the Province of New York . The city of New York
16303-467: The two planes. Since September 11, most of Lower Manhattan has been restored. In the years since, over 7,000 rescue workers and residents of the area have developed several life-threatening illnesses, and some have died. A memorial at the site, the National September ;11 Memorial & Museum , was opened to the public on September 11, 2011. A permanent museum later opened at
16440-426: The vast majority of the state's geographic area is dominated by meadows , forests , rivers, farms, mountains, and lakes. Most of the southern part of the state rests on the Allegheny Plateau , which extends from the southeastern United States to the Catskill Mountains ; the section in the State of New York is known as the Southern Tier . The rugged Adirondack Mountains , with vast tracts of wilderness, lie west of
16577-425: The wider Appalachian Mountains ). The east–west Mohawk River Valley bisects the more mountainous regions of Upstate and flows into the north–south Hudson River valley near the state capital of Albany . Western New York , home to the cities of Buffalo and Rochester , is part of the Great Lakes region and borders Lake Ontario and Lake Erie . Central New York is anchored by the city of Syracuse ; between
16714-578: The world by pinnacle height, with its spire reaching a symbolic 1,776 feet (541.3 m), a reference to the year of U.S. independence . The Occupy Wall Street protests in Zuccotti Park in the Financial District of Lower Manhattan began on September 17, 2011, receiving global attention and popularizing the Occupy movement against social and economic inequality worldwide. New York City
16851-475: The world's largest chain of indoor water park resorts for $ 1.35 billion. In August 2016, Centerbridge Partners, together with Canyon Capital Advisors, Värde Partners and seven other funds, participates in the rescue of Spanish giant Abengoa, injecting a combined €1.17 billion. In January 2017, Centerbridge Partners sells Vela Energy to Sonnedix for €600 million. Sonnedix thus takes over a portfolio of 136MWp, corresponding to 43 solar PV plants in Spain, making it
16988-504: The world. In 1664, New York was named in honor of the Duke of York (later King James II of England ). James's elder brother, King Charles II , appointed the Duke as proprietor of the former territory of New Netherland , including the city of New Amsterdam , when the Kingdom of England seized it from Dutch control. In the pre-Columbian era , the area of present-day New York City
17125-422: Was Juan Rodriguez , a merchant from Santo Domingo who arrived in Manhattan during the winter of 1613–14, trapping for pelts and trading with the local population as a representative of the Dutch colonists. A permanent European presence near New York Harbor was established in 1624, making New York the 12th-oldest continuously occupied European-established settlement in the continental United States , with
17262-552: Was heavily affected by Hurricane Sandy in late October 2012. Sandy's impacts included flooding that led to the days-long shutdown of the subway system and flooding of all East River subway tunnels and of all road tunnels entering Manhattan except the Lincoln Tunnel . The New York Stock Exchange closed for two days due to weather for the first time since the Great Blizzard of 1888 . At least 43 people died in New York City as
17399-569: Was a major ocean port and had extensive traffic importing cotton from the South and exporting manufacturing goods. Nearly half of the state's exports were related to cotton. Southern cotton factors, planters and bankers visited so often that they had favorite hotels. At the same time, activism for abolitionism was strong upstate, where some communities provided stops on the Underground Railroad . Upstate, and New York City, gave strong support for
17536-525: Was a prime destination in the early 20th century for Blacks during the Great Migration from the American South, and by 1916, New York City had the largest urban African diaspora in North America. The Harlem Renaissance of literary and cultural life flourished during the era of Prohibition . The larger economic boom generated construction of skyscrapers competing in height. New York City became
17673-423: Was by expensive wagons on muddy roads before canals opened up the rich farmlands to long-distance traffic. Governor DeWitt Clinton promoted the Erie Canal , which connected New York City to the Great Lakes by the Hudson River , the new canal, and the rivers and lakes. Work commenced in 1817, and the Erie Canal opened eight years later, in 1825. Packet boats pulled by horses on tow paths traveled slowly over
17810-589: Was chosen due its relative isolation with proximity to New York City and the rail lines of Jersey City, New Jersey , via a short ferry ride. While the island was being developed and expanded via land reclamation , the federal government operated a temporary depot at the Barge Office at the Battery. Ellis Island opened on January 1, 1892, and operated as a central immigration center until the National Origins Act
17947-638: Was divided roughly in half between the Algonquian Wampanoag and Lenape peoples. The Lenape also controlled most of the region surrounding New York Harbor . North of the Lenape was a third Algonquian nation, the Mohicans . Starting north of them, from east to west, were two Iroquoian nations: the Mohawk —part of the original Iroquois Five Nations, and the Petun . South of them, divided roughly along Appalachia , were
18084-656: Was founded. The Stamp Act Congress met in New York in October 1765, as the Sons of Liberty organization emerged in the city and skirmished over the next ten years with British troops stationed there. The Battle of Long Island , the largest battle of the American Revolutionary War , was fought in August 1776 within modern-day Brooklyn. A British rout of the Continental Army at the Battle of Fort Washington in November 1776 eliminated
18221-521: Was inhabited by Algonquians , including the Lenape . Their homeland, known as Lenapehoking , included the present-day areas of Staten Island , Manhattan , the Bronx , the western portion of Long Island (including Brooklyn and Queens ), and the Lower Hudson Valley . The first documented visit into New York Harbor by a European was in 1524 by explorer Giovanni da Verrazzano . He claimed
18358-552: Was long afterward celebrated as Evacuation Day . New York City was the national capital under the Articles of Confederation and Perpetual Union , the first national government. That organization was found to be inadequate, and prominent New Yorker Alexander Hamilton advocated for a new government that would include an executive, national courts, and the power to tax. Hamilton led the Annapolis Convention (1786) that called for
18495-468: Was named New Amsterdam in 1626 and was chartered as a city in 1653. The city came under English control in 1664 and was temporarily renamed New York after King Charles II granted the lands to his brother, the Duke of York , before being permanently renamed New York in November 1674. New York City was the U.S. capital from 1785 until 1790. The modern city was formed by the 1898 consolidation of its five boroughs : Manhattan , Brooklyn , Queens ,
18632-536: Was passed in 1924, reducing immigration. After that date, the only immigrants to pass through were displaced persons or war refugees . The island ceased all immigration processing on November 12, 1954, when the last person detained on the island, Norwegian seaman Arne Peterssen, was released. He had overstayed his shore leave and left on the 10:15 a.m. Manhattan-bound ferry to return to his ship. More than 12 million immigrants passed through Ellis Island between 1892 and 1954. More than 100 million Americans across
18769-462: Was recaptured by the Dutch in 1673 during the Third Anglo-Dutch War (1672–1674) and renamed New Orange. It was returned to the English under the terms of the Treaty of Westminster a year later. The Sons of Liberty were organized in New York City during the 1760s, largely in response to the oppressive Stamp Act passed by the British Parliament in 1765. The Stamp Act Congress met in
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