News

Starbucks Launches Prepaid Card With Chase

Starbucks has partnered with Chase to launch a new prepaid debit card. The Starbucks Rewards Visa Prepaid Card is the first prepaid or debit product where you can earn Stars (reward points) outside of Starbucks. It is the only general purpose reloadable (GPR) prepaid product that allows you to earn Stars for purchases you make […]

Funding

Hello Alfred Welcomes $40 Million Round

NEW YORK — Hello Alfred, a New York-based service technology company building the first in-home assistant service, has closed a $40 million Series B funding round. The new investment was led by a syndicate of strategic partners, including real estate developers Divco West and Invesco. Early investors, including New Enterprise Associates (NEA) and Spark Capital, also […]

Funding

Dreams App Raises $5 Million

NEW YORK – Dreams, a TV app designed for your phone, launched publicly last month with ten mobile TV channels offering live news and entertainment. The app’s made-for-mobile TV channels were built in collaboration with media partners including Discovery and Bloomberg Media Distribution, and include content licensed from BBC Studios. Dreams also announced it has raised […]

Government

Brooklyn Navy Yard Project Could Add 1,000 Jobs

NEW YORK — The Brooklyn Navy Yard Development Corporation and Steiner NYC today broke ground on 399 Sands Street, the latest addition of manufacturing and creative office space at the 300-acre Brooklyn Navy Yard and a key component of Steiner’s Admirals Row project. Deputy Mayor for Housing and Economic Development Alicia Glen announced a $40 […]

Real Estate

Howard Hughes Corp. Buys 250 Water St.

NEW YORK — The Howard Hughes Corporation has purchased a one-acre property for $180 million at 250 Water Street in Lower Manhattan from Peck Slip Associates, an entity controlled by the Milstein family. The one-acre site, currently used as a parking lot, encompasses a full city block bounded by Peck Slip, Pearl Street, Water Street, and Beekman Street. The […]

Hotels

Westgate Buys Former Hilton Hotel on East Side

Westgate Resorts has acquired the former Hilton New York Grand Central, a 23-floor, 300-room, two-tower hotel located in the historic Tudor City neighborhood in Midtown Manhattan’s East Side. The hotel has been rebranded Westgate New York City. “It is with great excitement that I announce Westgate has purchased its first urban hotel located in none other […]

Media

Murray Named New WSJ Editor

NEW YORK – Matt Murray has been named the new Editor-in-Chief of The Wall Street Journal and Dow Jones Newswires, succeeding Gerard Baker, who will move to a new position as the Journal’s Editor-at-Large, which will include regular writing and hosting the paper’s expanding network of conferences and events. Baker will also host a new […]

Offices Real Estate

Midtown Tower Sold for $332.5 Million

NEW YORK — Columbia Property Trust has sold a 25-story office tower at 222 East 41st Street in Midtown Manhattan to Commerz Real, the real assets investment manager of German Commerzbank, for a gross sales price of $332.5 million. The 390,000-square-foot Midtown East tower had been essentially fully occupied by one tenant since 2007, in […]

Legal

Simpson Thacher Teams Up With Columbia Business School

NEW YORK — The law firm Simpson Thacher & Bartlett is teaming up with Columbia Business School Executive Education to launch STBReady, an new training program designed to prepare Simpson Thacher’s incoming associates to do more sophisticated legal work, more efficiently, earlier in their careers. The evolving nature of legal work due to technology innovations […]

Retail

PUMA Signs Lease at 609 Fifth Avenue

NEW YORK — SL Green Realty Corp. has signed a long term, 24,000-square-foot retail lease at 609 Fifth Avenue with sneaker maker PUMA where it will build a flagship store. Located on the corner of Fifth Avenue and 49th Street opposite Saks Fifth Avenue, the property sits at the heart of Manhattan’s most recognized shopping corridor. The location used to be home […]