Offices Real Estate

Amazon to Create 2,000 Jobs in NYC

Amazon, one of the world’s top Internet companies, announced plans to create 2,000 jobs at the Lord & Taylor building on Fifth Avenue. Amazon acquired the building this year from WeWork, which was the former flagship store of the Lord & Taylor department store chain. The company plans to open a new 630,000 square foot […]

Government

US Postal Service Raising Prices on Packages During Holidays

WASHINGTON — The United States Postal Service filed notice with the Postal Regulatory Commission (PRC) Friday of a temporary price change for commercial customers to take effect Oct. 18, 2020 and last through a couple days past Christmas. The change does not affect retail customers or the price of a first-class stamp. The planned temporary […]

Funding

Yotpo Scores $75 Million

NEW YORK  — Yotpo, a Software-as-a-Service (Saas) – based eCommerce marketing platform that helps retail brands accelerate online revenue growth, has announced $75 million in Series E funding. The company has raised $176 million in total. Led by Adam Fisher, Bessemer Venture Partners (BVP) is increasing its investment in Yotpo in response to the company’s consistent growth and strong performance. […]

Funding

Cecelia Health Lands $13 Million

NEW YORK — Cecelia Health, a technology-enabled diabetes and other chronic disease management company, has completed a $13 million Series B funding round. The investment was co-led by Rittenhouse Ventures and Endo Investors, and includes investments from Boston Millennia Partners, SustainVC, G100 Capital, and others. The funding will help the company to accelerate and further […]

Funding

NS1 Closes $125 Million Series D

NEW YORK — NS1, a leader in modern application and access networking, last month raised a $40 million Series D venture round led by Energy Impact Partners (EIP) with participation from existing investors, bringing the company’s total funding to $125 million. The investment will support the company’s continued innovation and development of modern foundational technologies that power […]

Funding

MeetElise Scores $6.5 Million Series A Funding

NEW YORK — MeetElise, a leading artificial intelligence-powered leasing agent software that now streamlines leasing processes for over 250,000 multifamily communities nationwide, has announced a $6.5 million Series A financing led by Navitas Capital. This investment brings the total amount of funding raised by the company to $8.5 million. MeetElise, founded by Minna Song (MIT) […]

Offices

Facebook to Lease Farley Post Office Building

NEW YORK — Vornado Realty Trust announced that Facebook has leased 730,000 square feet comprising all of the office space at The Farley Building across from Penn Station. Facebook Inc. operates popular social networks Facebook, Instagram and messaging service WhatsApp. The Farley Building is a cornerstone of Vornado’s new PENN DISTRICT, where Vornado owns 10 […]

Offices Real Estate

AIG to Move Headquarters to Midtown Manhattan

NEW YORK — The insurance company American International Group (AIG) announced plans to relocate its headquarters in New York City from 175 Water St. in lower Manhattan to 1271 Avenue of the Americas (photo above) in Midtown, where it will occupy 8 floors and 325,000 square feet. The Company will also consolidate its remaining New […]

Transportation

Amtrak Unveils Refurbished Waiting Area at Penn Station

NEW YORK — Amtrak and NJ TRANSIT said it has completed the first phase of a remodeling of the Ticketed Waiting Area for passengers at New York Penn Station. The space opened for customers Monday at the Amtrak Concourse on the Upper Level and 8th Avenue side of the Station. As part of the refresh, customers […]

Media News

NY Times Names New CEO

NEW YORK — The New York Times Company has promoted chief operating officer, Meredith Kopit Levien, to succeed Mark Thompson as president and chief executive officer, effective Sept. 8. Ms. Kopit Levien, 49, will join The Times Company’s Board and Mr. Thompson will step down as an officer and director of The Times Company. Kopit […]