Retail

Out of Business Sales Underway at Bed Bath & Beyond, Buy Buy Baby

UNION, NJ — Going out of business sales have begun at all 360 Bed Bath & Beyond and 120 buybuy BABY store locations nationwide. The liquidation event is being managed by Hilco Merchant Resources, Gordon Brothers, Tiger Capital Group, and B. Riley Retail Solutions in connection with the commencement of Chapter 11 bankruptcy petitions and […]

Offices Real Estate

SL Green Refinances 919 Third Ave for $500 Million

NEW YORK — SL Green Realty Corp., together with an institutional investor advised by J.P. Morgan Global Alternatives,  has completed the refinancing of 919 Third Avenue, a premier 1.5 million square foot Class A office building located in Midtown Manhattan. The new $500.0 million mortgage loan bears interest at a rate of 250 basis points […]

News

Ernst & Young Names Finalists for Entepreneur of the Year Award in NY

Ernst & Young LLP (EY US) has released the list of finalists for the Entrepreneur Of The Year 2023 New York Award. The New York program celebrates entrepreneurs from Connecticut and New York. Now in its 37th year, Entrepreneur Of The Year is one of the preeminent competitive business awards for transformative entrepreneurs and leaders […]

News Retail

David’s Bridal Lays Off 475 Workers in NY

David’s Bridal, the nation’s leading retail chain for bridal dresses, filed for Chapter 11 bankruptcy for the second time on Monday. The company is laying off 475 workers in NY State at 14 stores according to WARN notices filed with the NY Department of Labor. The layoffs for store employees are expected to take effect […]

News

Lavan Opens Second Event Space in Midtown Manhattan

Lavan Chelsea, an event space in NYC, has just announced the opening of its second location, Lavan Midtown, a 10,000 sq ft state-of-the art event space located at 641 West 42nd Street in Midtown Manhattan. Lavan New York’s Event Spaces are known for their innovative design in the events industry and their cutting-edge amenities and […]

Government

Female Founder Charged in $175 Million Fraud of JPMorganChase

Charlie Javice, the founder of college financial platform Frank, has been charged with fraud after inflating user figures in a $175 million sale to JPMorganChase in 2021. Damian Williams, the United States Attorney for the Southern District of New York, and Patricia Tarasca, the Special Agent in Charge of the New York Regional Office of […]

Banks News

Flagstar Bank Buys Signature Bank Assets

The Federal Deposit Insurance Corporation (FDIC) has entered into a purchase and assumption agreement for substantially all deposits and certain loan portfolios of Signature Bridge Bank by Flagstar Bank of Hicksville, NY, a wholly owned subsidiary of New York Community Bancorp of Westbury, NY. The 40 former branches of Signature Bank will operate under New […]

Sports

Yankees Home Opener Vs. Giants on Thursday Afternoon

The New York Yankees will open the 2023 regular season at Yankee Stadium on Thursday, March 30, with a 1:05 p.m. game against the San Francisco Giants. What’s unusual about this Opening Day game is the Yankees will face San Francisco in the opener for the first time in franchise history. It marks just the second […]

Funding

Novata Closes $30 Million Series B

NEW YORK — Novata, a technology platform and public benefit corporation that provides the private markets with a cutting-edge Environmental, Social and Corporate Governance (ESG) solution, has announced a Series B funding round with $30 million. This significant capital raise enables Novata to meet the private markets’ critical need for a simple and secure data […]

Funding

Transcend Therapeutics Raises $40 Million Series A

NEW YORK – Transcend Therapeutics, a biotechnology company that develops medicines to treat neuropsychiatric diseases, including post-traumatic stress disorder (PTSD), has recently closed a Series A funding round of $40 million. Led by Alpha Wave Global and Integrated Investment Partners, this funding round will enable Transcend to launch multiple clinical trials, including a phase II study, with […]

Legal

Fried Frank Law Firm Elects 13 New Partners

NY-based law firm Fried Frank has elected 13 new partners and promoted 14 new special counsel, effective March 1, 2023. “We are proud to welcome 13 talented individuals to our partnership and elevate this exceptional group of associates to special counsel,” said David J. Greenwald, chairman of Fried Frank. “This outstanding group has shown consistent […]

Banks

Signature Bank Taken Over by Government

On Sunday, March 12, 2023, the New York State Department of Financial Services (DFS) took possession of NY-based Signature Bank in order to protect depositors. All depositors will be able to access and withdraw their funds. Signature Bank was a leading bank for the crypto industry along with law firms in New York City and the […]

Funding

ItsElectric Charges Up With $2.2 Million Seed Funding

NEW YORK — itselectric, a Brooklyn-based electric vehicle curbside charging company, has landed a $2.2 million pre-seed round to provide curbside EV charging specifically built for cities. The raise was led by Brooklyn Bridge Ventures with participation from The Helm, XFactor, Graham & Walker, Clean Energy Venture Group, and Pericles among others, and will allow itselectric to focus on the deployment of pilot programs in major […]

Legal

Gordon & Rees Law Firm Adds 19 Attorneys in NYC Area

NEW YORK — The law firm of Gordon Rees Scully Mansukhani is adding 19 attorneys who will join the firm in its New York, New Jersey and Westchester offices. The group, led by partners John J. Hopwood and Melissa J. Brown, includes eight partners, nine associates, and two of counsel, all of whom previously practiced with Marks, […]

Funding

Fynn Secures $11 Million Seed Round

NEW YORK — Fynn, a lender providing private student loans for America’s skilled workforce, has closed an $11 million seed round and $25 million debt facility. Lead investors include Y Combinator, Susa Ventures, Village Global, Tenacity Venture Capital, and Watchfire Ventures. The seed funding will be used to expand Fynn’s services across the United States and to support students looking to further their education. As the U.S. […]