Daily business news in the Great State of New York!
NEW YORK — Investment firm KKR announced it has promoted a new group of 8 Partners and 33 Managing Directors, effective January 1, 2024. KKR has over $258 billion in assets and is publicly-traded on the New York Stock Exchange. “For nearly five decades, KKR has been fortifying companies and delivering for our investors. As […]
The City University of New York (CUNY) has raised a record-breaking $3.75 million through December 1 from 4,650 individual donors during its #CUNYTuesday campaign, a 29% increase over 2022. The campaign aligns with the nationwide day of giving known as Giving Tuesday. “Even in the most challenging times, the CUNY community has demonstrated an unstinting […]
GARDEN CITY – Nassau Community College, a campus of the State University of New York, has opened a $31 million high-tech academic building that will equip students for rapidly growing careers in Science-Technology-Engineering-Math (STEM) and virtual and hybrid workplaces. The three-story building, spanning 61,900 square feet, contains the latest educational technology, STEM laboratories, climate-friendly green […]
NEW YORK — Vendelux, the first AI-powered event intelligence platform, has raised a $14 million Series A led by FirstMark Capital with participation from Cervin Ventures, the founders of HLTH, ShopTalk, Money20/20 (Jonathan Weiner), Manifest, Blueprint (Jay Weintraub), and SaaStock (Alex Theuma). The funding will allow Vendelux to expand its work with enterprise customers including […]
The Justice Department announced that the Madoff Victim Fund (MVF) began its ninth distribution of over $158.9 million in funds forfeited to the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme. In this distribution, payments will be sent to 24,875 victims across the globe, bringing their total recoveries […]
Suffolk County District Attorney Raymond Tierney announced that Ralph Pergola, 44, and Kristen Allen, 35, both homeless, were each indicted for multiple counts of Burglary and other related charges, after allegedly breaking into and stealing from six small business in Suffolk County on Long Island, including smoke shops, diners, a café, and a bagel shop, […]
NEW YORK — Stretch Recovery Lounge, an Assisted Stretch and Athletic Recovery Facility, has opened its sixth state-of-the-art center in the Upper East Side of Manhattan. This is the chain’s first location in Manhattan. Located at 326 E. 65th Street, the new location features all the equipment and space needed to help clients on their flexibility […]
NEW YORK — Syrup, which provides AI-powered planning, buying, and inventory optimization for companies, has raised $17.5 million led by Accel Partners with participation from existing investors Gradient Ventures and 1984 Ventures. Increased accuracy in forecasting takes the guesswork out of merchandise planning, helping reduce overproduction. The Syrup solution connects inventory data with a unique mix […]
NEW YORK — SL Green Realty Corp. and Vornado Realty Trust announced that they have signed a 15-year renewal and expansion lease with a premier financial services tenant covering 269,905 square feet on six floors at 280 Park Avenue in Manhattan. Spanning the entire block front of Park Avenue between 48th and 49th Streets, 280 […]
The New York State Police announced it had the highest Trooper candidate processing turnout in over a decade. Over 1,100 candidates attended processing weekend at the New York State Police Academy in Albany on the weekend of December 2, 2023. To be eligible to attend a processing weekend, a candidate must first apply to take […]
BETA Technologies, a manufacturer of all-electric aircraft that will perform critical cargo, military, and medical missions, is partnering with Clinton County in Upstate NY on a $41 million expansion of its existing facility at Plattsburgh International Airport. The new, upgraded facility will serve as the manufacturing and final assembly hub for BETA’s all-electric aircraft and […]
NEW YORK — The law firm White & Case LLP has promoted 42 lawyers from around the world — four based in NY — to its partnership. The new partner class represents 11 of the Firm’s practices, 18 White & Case offices and 13 different countries throughout the Americas, EMEA and Asia-Pacific. The promotions are […]
Governor Kathy Hochul announced that the Belmont Stakes will be held at Saratoga Race Course in 2024 while Belmont Park, the Long Island home of the third leg of the Triple Crown, undergoes renovations. “As part of the exciting modernization of Belmont Park, Saratoga now adds to its storied history by hosting the 3rd leg […]
Governor Kathy Hochul announced the opening of two cannabis dispensaries in the Capital Region – the first in the region to be supported by the New York Cannabis Social Equity Investment Fund. The fund was created to provide opportunities for those impacted by the inequitable enforcement of cannabis laws. “As the cannabis market expands, my […]
The University of Miami and Rutgers University have accepted invitations to play in the 2023 Bad Boy Mowers Pinstripe Bowl at Yankee Stadium on Thursday, Dec. 28, with kickoff scheduled for 2:15 p.m. This year marks the 13th edition of the game and the ninth consecutive Pinstripe Bowl to feature competitors from the Big Ten and ACC. The game will […]