Transportation

NY to Invest $300 Million in New Ferry Service

NEW YORK –– Mayor Bill de Blasio says NYC Ferry’s ridership could grow to as many as 9 million annual passengers by 2023, twice as many passengers as initially projected, and that the City will invest in a bigger ferry fleet to meet that demand. The Executive Budget includes $300 million in new capital over […]

Funding

Zola Lands $100 Million From Corporate Investors

NEW YORK — Wedding company Zola has raised a $100 million Series D financing led by existing investor Comcast Ventures, as well as new investors NBCUniversal and Goldman Sachs Investment Partners. Total investment in Zola now stands at over $140 million. This new funding comes at a time of explosive growth and rapid expansion for […]

Music TV

NBC Summer Concert Series Starts May 15

NBC’s Today Show has released its list of musical performers this summer with the industry’s hottest names taking over the plaza outside its studios at Rockefeller Center. Grammy Award winning artist Meghan Trainor kicks off the “Citi Concert Series on TODAY” on Tuesday, May 15. This year’s lineup for the 23rd annual summer concert series […]

Real Estate

McGraw-Hill Leases Five Floors in Midtown

NEW YORK — Real estate investment trust Paramount Group has signed a 136,176 square foot lease with McGraw-Hill Global Education Holdings, LLC at 1325 Avenue of the Americas, a 34-story Class A office tower located between 53rd and 54th Streets in Midtown Manhattan. McGraw-Hill Education will occupy floors 5 through 9, as well as a […]

Funding

Rocketrip Scores $15 Million Round

NEW YORK — Rocketrip, which offers a business traveler loyalty program, has raised $15 million in Series C funding led by GV (formerly Google Ventures) with participation from existing investors Bessemer Venture Partners and Canaan Partners. To date, Rocketrip has raised $32 million in venture capital. Erik Nordlander, Partner at GV, is joining Rocketrip’s board of […]