Funding Real Estate

Real Estate Company Compass Raises $400 Million

NEW YORK — Compass, a real estate technology company, has scored a $400 million Series F financing round led by the Softbank Vision Fund and Qatar Investment Authority (QIA), with participation from Wellington, IVP and Fidelity. This investment will bring the total capital raised to nearly $1.2 billion. Compass plans to use the capital to […]

News

Woodward Trump Book Sets Sales Records

NEW YORK — Publisher Simon & Schuster announced that Bob Woodward’s FEAR: TRUMP IN THE WHITE HOUSE sold a total of more than 750,000 copies through Tuesday, September 11, the first day the book went on sale.  The combined sales figure includes pre-orders and first day sales of print books, ebooks, and audiobooks in both […]

Real Estate

Empire State Building Has New Entrance

NEW YORK – The Empire State Building (ESB) officially unveiled the first phase of a new entrance last month to the Observatory at 20 West 34th Street. Part of the decade-long Empire State ReBuilding project, the new entrance provides visitors to its popular observation deck with a larger dedicated entrance which used to be shared […]

Funding

Launchmetrics Lands $50 Million Investment

NEW YORK — Launchmetrics, a developer of technology to measure marketing campaigns and social media influencers, has closed a $50 million investment from Bpifrance, Seventure, Cipio Partners and Famille C (Famille Courtin-Clarins). The company plans to use the funding to expand global reach, accelerate product growth and innovation, as well as hire additional sales & […]

Government

Mayor Proposes Boarding Area for Central Park Horses

NEW YORK— The de Blasio administration wants to establish new passenger boarding areas for horse-drawn cabs at several major Central Park entrances. The new rule will designate specific locations within Central Park as passenger boarding areas for horse-drawn cabs, moving them from heavily-congested nearby locations along Central Park South. Relocating boarding areas within Central Park […]

Funding

Knewton Ready to Expand With $25 Million

NEW YORK — Knewton, a developer of educational software for college students, has closed its latest financing round, which includes up to $25 million in capital. Knewton plans to use the funding to expand Alta, the company’s adaptive learning courseware for higher education, which made its U.S. debut in January 2018. The financing round was led by […]

Real Estate

K Property Group Buys 446 Broadway

NEW YORK — K Property Group (“KPG”) says it has purchased 446 Broadway, a vacant five-story circa 1915 commercial building between Grand and Howard Street Building. The purchase price was not disclosed. Plans for the property include a major high-end renovation. When completed, there will be approximately 26,000 square feet of office space and 5,250 square […]

tv

CBS Releases Daytime Premiere Dates

CBS, the #1-rated network in daytime for 31 years, has announced season premiere dates for its entire Daytime Emmy Award-winning schedule for the 2018-2019 season. The full lineup was just recently honored with an industry-leading 20 Daytime Emmy Awards. “CBS Daytime continues to deliver award-winning, fan favorite programming that has led the industry for more […]

Offices

LinkedIn Expands at Empire State Building

Empire State Realty Trust, owner of the Empire State Building, announced that online networking site LinkedIn has signed its sixth expansion lease for an additional 30,165 square feet on the 27th floor at the midtown skyscraper. LinkedIn has grown to 312,947 square feet in total – occupying floors 3, 22, 23, 24, 25, 26, 27, […]

Funding

Peloton Rides Away With $550 Million Investment

NEW YORK — Peloton, the fitness company offering exercise bikes, treadmills and classes via online streaming, has raised a $550 million Series F financing round. The company will use the funds to expand into more international markets. The investment was led by TCV. Nearly all of Peloton’s existing institutional investors, including Tiger Global, True Ventures, Wellington Management, Fidelity (FMRCo), NBCUniversal, Kleiner […]