Daily business news in the Great State of New York!
Whole Foods Market — a subsidiary of Amazon — plans to introduce a new, quick-shop store format designed for urban neighborhoods. The new format, called Whole Foods Market Daily Shop, will initially launch on the Upper East Side in Manhattan with additional locations in New York City to follow. The first store, located at 1175 […]
Amtrak is increasing Northeast Regional service to provide additional travel options throughout the East Coast. This includes four additional weekday roundtrips and two new weekend roundtrips between Moynihan Train Hall at New York Penn Station (NYP) and Washington Union Station (WAS), and a new weekday morning departure from William H. Gray III 30th Street Station (PHL) […]
NEW YORK — S&P Dow Jones Indices is adding Super Micro, a hot Silicon Valley company, and Deckers Outdoor to the prestigious S&P 500 Index, replacing Whirlpool and Zions Bancorp. S&P says it will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to […]
New York State has conditionally awarded two offshore wind projects from its fourth offshore wind solicitation – a planned 810-megawatt project, Empire Wind 1, (developed by Equinor) and Sunrise Wind, a planned 924-megawatt project (developed by Orsted and Eversource). The competitively selected projects will create more than 800 near-term family-sustaining construction jobs and invest $2 […]
NEW YORK — Empire State Realty Trust has signed a new 11-year office lease with Sol de Janeiro USA – a luxury skincare and beauty brand – for 57,203 square feet at One Grand Central Place. Sol de Janeiro is a subsidiary of French beauty brand L’Occitane, who recently signed a separate 9,497 square foot […]
NEW YORK — Crisp has raised a total of $50 million in new capital through a $20 million Series B extension round and up to $30 million in debt financing. Existing investors including Blue Cloud Ventures, FirstMark Capital, Spring Capital and 3L participated in the equity round. TriplePoint Capital LLC provided debt to refinance existing senior debt and to fund both operating […]
Governor Kathy Hochul highlighted FY 2025 Budget investments in the Southern Tier during a visit to Binghamton University. The Governor announced $1.4 billion in school aid for the Southern Tier – a $10 million increase in aid – as well as $123 million for renovations and maintenance at Binghamton University. The budget also includes $84.7 […]
The Port Authority of New York and New Jersey marked the completion of a new $47.2 million station house at the Harrison, NJ stop on the PATH commuter rail in the latest step toward the Port Authority’s multi-facility modernization of the regional transit hub. The newly built 3,200-square-foot station house features an elevator; a public […]
NEW YORK — Japanese watchmaker Seiko has opened a new flagship store for its Grand Seiko luxury watch brand on Madison Avenue in Manhattan. Located at 540 Madison Avenue in New York City, the new multi-level flagship store is the largest Grand Seiko Boutique in the world. With an impressive presence on the corner of Madison […]
NEW YORK — New York City Regional Center has announced the closing of $19,000,000 in New Market Tax Credit financing to help fund building upgrades and ongoing operating expenses at the Armory Nike Track & Field Center in Washington Heights. The $19 million of funding will assist the non-profit Armory Foundation in continuing its robust after-school youth programming as well […]
ALBANY – Low housing inventory continued to slow the New York housing market and with interest rates still fluctuating near 6.5 percent, 2024 began much the same as 2023 ended in the Empire State, according to the housing report released by the New York State Association of REALTORS. Interest rates moved marginally from December 2023 […]
Here are home prices by county in New York for January 2024. Data provided by the NYS Association of Realtors, Greater Capital Region Association of Realtors and OneKeyMLS. New York county (Manhattan) is not included.
NEW YORK — The New York Chapter of the Public Relations Society of America (PRSA-NY) has revealed its new 2024 Board of Directors. Matt Rizzetta, Founder and Chairman of North Sixth Group, a distinguished entrepreneur and visionary in the field, is leading the charge as president. Rizzetta’s tenure promises to carry forward the rich heritage […]
Citigroup is cutting at least 286 jobs in New York City at its global headquarters according to WARN notices filed with the NYS Department of Labor. Reports in January said the company was planning to cut 20,000 jobs over the next two years. Citigroup employed 239,000 full-time workers at the end of December 31, 2023. […]
Brooks Brothers, maker of fine suits for men, has signed Jalen Brunson, All-Star Point Guard for the NY Knicks, as its newest brand ambassador. Highly regarded for his winning style on and off the court, Brunson is the perfect ambassador for the heritage brand and its tailored clothing collection. Brooks Brothers and Brunson both telegraph […]