Offices Real Estate

Midtown Tower Sold for $332.5 Million

NEW YORK — Columbia Property Trust has sold a 25-story office tower at 222 East 41st Street in Midtown Manhattan to Commerz Real, the real assets investment manager of German Commerzbank, for a gross sales price of $332.5 million. The 390,000-square-foot Midtown East tower had been essentially fully occupied by one tenant since 2007, in […]

Legal

Simpson Thacher Teams Up With Columbia Business School

NEW YORK — The law firm Simpson Thacher & Bartlett is teaming up with Columbia Business School Executive Education to launch STBReady, an new training program designed to prepare Simpson Thacher’s incoming associates to do more sophisticated legal work, more efficiently, earlier in their careers. The evolving nature of legal work due to technology innovations […]

Retail

PUMA Signs Lease at 609 Fifth Avenue

NEW YORK — SL Green Realty Corp. has signed a long term, 24,000-square-foot retail lease at 609 Fifth Avenue with sneaker maker PUMA where it will build a flagship store. Located on the corner of Fifth Avenue and 49th Street opposite Saks Fifth Avenue, the property sits at the heart of Manhattan’s most recognized shopping corridor. The location used to be home […]

Funding

Paxos Grows With $65 Million

NEW YORK — Paxos, a financial technology company utilizing blockchain, has closed a $65 million Series B round of financing. The round was led by existing investors including Liberty City Ventures, RRE Ventures, Jay Jordan and others. Paxos has now raised a total of $93 million in capital to date. The company is using the new resources to significantly scale operations and […]

Airlines

Southwest Adds New Flights From LGA

Southwest Airlines, the nation’s busiest airline, is expanding service from New York’s LaGuardia (LGA) Airport beginning this fall. Beginning Nov. 4, 2018, Southwest will add new nonstop service between: New York (LaGuardia) and New Orleans New York (LaGuardia) and West Palm Beach, Fla.* New York (LaGuardia) and Orlando* *Service is offered on Saturdays beginning Nov. […]

Airlines

United Opens Polaris Lounge at Newark Airport

NEWARK, NJ — Starting on June 4, customers traveling in United Polaris, the airline’s international premium cabin travel experience, will be able to relax and dine before their travels in the new United Polaris lounge at Newark Liberty International Airport that seats up to 455 people. The new United Polaris lounge is located in Terminal […]

Restaurant

Chick-Fil-A to Build 3 More NYC Stores

Fast food chain Chick-fil-A is continuing to expand into Manhattan. The Atlanta-based company plans to open three new Manhattan locations at 918 8th Avenue (Midtown), 700 6th Avenue (Flatiron District) and 711 Lexington Avenue (Midtown East). The restaurants are expected to open in late 2018 and early 2019. There are currently four Chick-Fil-A restaurants in […]