Funding

Flashpoint Secures $34 Million

NEW YORK — Flashpoint, a provider of Business Risk Intelligence (BRI), has secured $34 million in new financing and investment. In addition to the company’s raise of $6 million in new equity from investors, Bank of Montreal’s (BMO) Technology and Innovation Banking Group has provided $28 million in debt financing. Flashpoint plans to use this […]

News

New Observatory Opens at Top of Empire State Building

NEW YORK — The Empire State Building (ESB) is one of the world’s most famous buildings and it just opened a newly renovated Observatory on the 102nd floor with 360-degree views and floor-to-ceiling glass windows. (Photo: The new Empire State Building Observation deck, Source: PRNewsFoto/Empire State Realty Trust) Tourists that visit the new Empire State Building experience […]

News

Postmates to Deliver From Walgreens, Duane Reade

Walgreens is teaming up with delivery service Postmates to offer on-demand delivery for customers looking for over-the-counter medications, health and wellness, beauty and grocery products in NYC. Postmates will deliver hundreds of Walgreens’ most popular items from 174 Walgreens and Duane Reade locations in Manhattan and Brooklyn. In the last year, orders from convenience and […]

Hotels

Luxury Conrad Hotel Debuts in Midtown

NEW YORK — Hotel giant Hilton Inc. has opened its second Conrad Hotels & Resorts in NYC in Midtown, formerly the London NYC Hotel. With nightly rates averaging $550 per night, the 54-floor, 562-suite Conrad New York Midtown, this is the 35th Conrad hotel and the brand’s second New York City property. It is located […]

Funding

TCG Buys Majority Stake in Food52 for $83 Million

NEW YORK — Food52, which operates a food content community and e-commerce network, has closed a majority investment by TCG Capital Management, an affiliate of The Chernin Group, LLC. TCG is investing $83 million in Food52 at a nine-figure valuation to enable the company to develop offline retail, expand its in-house product line Five Two, […]

News

NY Times to Offer Free Access to Title I Schools

The New York Times Company is partnering with Verizon to provide free access to the NYTimes.com website to over seven million students and teachers. The offer is only for Title I high schools across the nation and middle schools within the Verizon Innovative Learning program. Title I schools receive federal funding for low-income students. (Photo: […]

Real Estate

Central Park Tower Now World’s Tallest Condo

NEW YORK — Real estate developer Extell Company announced that the under construction Central Park Tower has topped out, which at 1,550 feet, will be the tallest residential building in the world when completed next year. Located on West 57th Street, along the corridor known as “Billionaire’s Row,” Central Park Tower is slated for completion […]

News

Apple Cube Reopens on Fifth Avenue

After more than two years of construction, Apple has reopened its flagship underground store on Fifth Avenue which features a clear glass Apple cube on the street level. The store reopened just in time with the launch of Apple’s new iPhone 11 lineup of smartphones and new versions of the Apple Watch and iPad. Apple […]

News

CDW to Join S&P 500 Index

NEW YORK — CDW Corp. (NASD: CDW) will replace Total System Services Inc. (NYSE: TSS) in the prestigious S&P 500 index prior to the open of trading on Monday, September 23.  S&P 500 constituent Global Payments Inc. (NYSE: GPN) is acquiring Total System Services in a transaction expected to be completed after the market close today. CDW Corp […]

Funding

Capsule Raising $200 Million to Deliver Drugs Outside of NYC

Capsule, an online pharmacy that delivers prescriptions anywhere in the New York metro area, has raised $200 million in fresh funding according to Bloomberg that will help the company expand across the U.S. The funding was led by venture capital firm TCV and Capsule’s existing investors Thrive Capital and Glade Brook Capital Partners also participated. […]