Daily business news in the Great State of New York!
NEW YORK — Discount retailer Five Below, where every item is $5 or less, has opened its first Manhattan store on Fifth Avenue. The chain has nearly 750 stores in 30 states and its merchandise is geared mostly to tweens (10-12) and teenagers. Selling everything from smartphone accessories and Bluetooth speakers to fashion and beauty […]
NEW YORK — RapidSOS has secured a $30 million Series B funding round to expand its advanced emergency technology platform. The funding was led by Playground Global, with participation from Highland Capital Partners, M12 (Microsoft’s Venture Fund), Two Sigma Ventures, Forte Ventures, The Westly Group, CSAA IG, and notable individuals including three former FCC Chairmen and Ralph de la Vega – former […]
DES MOINES, Iowa and NEW YORK — Meredith Corporation is selling the FORTUNE media brand and business magazine for $150 million cash to Fortune Media Group Holdings Limited, wholly owned by Thai businessman Chatchaval Jiaravanon. The transaction is expected to close later this year. Mr. Jiaravanon’s family owns Thailand’s Charoen Pokphand Group (www.cpgroupglobal.com), an international conglomerate […]
NEW YORK — Music news magazine Billboard has named Ariana Grande its 2018 Woman of the Year. The award-winning singer, songwriter, actress and activist will accept the honor at the 13th annual Women in Music dinner and awards ceremony on December 6 in New York City. The event, held in conjunction with the release of […]
Photo: WeWork is leasing 115,000 square feet of space at 149 Madison Ave. NEW YORK — Columbia Property Trust, Inc. has signed a 115,000-square-foot, long-term lease with WeWork, the world’s leading shared office space provider, for the entire office portion of 149 Madison Avenue, Columbia’s 12-story Midtown South building. WeWork has recently become the largest […]
NEW YORK – RIPCO Real Estate and Related Companies announced that Food Bazaar Supermarket signed an 80,000 square-foot lease at Bronx Terminal Market. Developed by Related Companies in 2009, Bronx Terminal Market is home to a variety of restaurant and retail tenants, and Food Bazaar – which will be the largest supermarket in the borough […]
Photo: The fabulous lounge on the 40th floor of the new Aliz Hotel. (Andres Escobar) NEW YORK – The Aliz Hotel Times Square has opened it doors this month debuting as one of the tallest hotels in NYC. Developed by Aliz Group and managed by Crescent Hotels & Resorts, the new property is located at […]
Photo: adidas Statement Collection NYC event (L-R) Ally Love, Katie Becker, Karlie Kloss, Pascha Naderi-Nejad, Hannah Fallis Bronfman NEW YORK — At an event in NYC today, adidas introduced a new capsule fitness collection designed to support women from sunrise yoga to happy hour and all the moments in between. Inspired by adidas’ global network […]
Amazon, the nation’s leading online retailer, has leased 83,000 square feet of warehouse space in the Woodside neighborhood of Queens from Terreno Realty. The lease commences December 1, 2018 and expires February 28, 2029. Amazon is planning to build a new fulfillment center in Queens which will be the second in New York City. The […]
NEW YORK — Healthy food delivery service Kettlebell Kitchen has closed on a $26.7 million Series B growth equity round of financing led by North Castle Partners, a Greenwich-based private equity firm focused on consumer businesses that promote healthy, active and sustainable living. Kettlebell Kitchen is a nationwide provider of healthy prepared meals and custom […]
NEW YORK — Goldbelly, an online food marketplace that connects iconic regional and local food providers to consumers around the country, has raised $20 million in Series B funding led by Enlightened Hospitality Investments (EHI), the fund formed by legendary restaurateur Danny Meyer’s Union Square Hospitality Group. Existing investors Intel Capital, 500 Startups and 645 Ventures […]
Delta is launching its new Airbus A220-100 aircraft, a state-of-the-art narrowbody jet with all the amenities and luxury of a widebody aircraft, in NY starting in late January. Inaugural A220 flights are set to depart on Jan. 31, 2019, from Delta’s hub at New York’s LaGuardia airport to its growing operation at Boston Logan International, […]
ALBANY – A new dual-branded hotel featuring Homewood Suites and Tru by Hilton opened this month at Crossgates Mall in Albany. The hotel was built by Pyramid Management Group, owner of Crossgates and 17 other malls in the Northeast. The 192-room property is the first dual-branded Homewood Suites and Tru by Hilton in the country […]
NEW YORK — JetBlue said it plans to retrofit its entire Airbus fleet with noise-reducing vortex generators. This move reflects JetBlue’s continued commitment to the communities where its customers and crewmembers live and work. Beginning in 2015, JetBlue began taking delivery of new aircraft with vortex generators already installed. JetBlue is committing to add the […]
NEW YORK — Related Companies has announced the opening of ‘High Line Nine’, a new series of art gallery spaces in West Chelsea. Located beneath the High Line and adjacent to Zaha Hadid’s first residential development in New York City, 520 W. 28th Street, the ‘High Line Nine’ brings emerging A-list talent to New York […]