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 […]

Funding

Sycamore Partners Closes $4.75 Billion Fund

NEW YORK — Private equity firm Sycamore Partners says it has closed its third fund, Sycamore Partners III, L.P. (“Fund III”), with $4.75 billion of limited partner capital commitments. Sycamore Partners is based in New York specializing in consumer and retail investments. Sycamore has an investor base of prominent endowments, foundations, funds of funds, family offices, insurance companies, pension plans […]

Funding

Centivo Secures $34 Million

NEW YORK — Centivo, which is developing a new type of health plan for employers, has raised $34 million in Series A funding.  Bain Capital Ventures led the financing round, with additional investments from F-Prime Capital Partners, Maverick Ventures, Bessemer Venture Partners, Ingleside Investors, Rand Capital (NASDAQ: RAND), Grand Central Tech Ventures, Oxeon Investments, and several individual investors, including industry […]

Real Estate

30 Hudson Yards Tops Out

NEW YORK – Related Companies and Oxford Properties Group announced that 30 Hudson Yards, the tallest building in the new Hudson Yards neighborhood, has officially topped out. The final beam was placed on the steel crown earlier this month. The 1,296 ft. tall building is made up of more than 40,000 pieces of steel weighing […]

Real Estate

LIC Rental Building Receives Design Award

LONG ISLAND CITY — The American Institute of Architects (AIA) Brooklyn, Queens and Bronx Chapters have named ARC, a luxury rental property in Long Island City, as the 2018 Brooklyn + Queens Design Award’s (BQDA) People’s Choice Award for Queens. ARC is a luxury rental property located at 30-02 39th Avenue in the Dutch Kills section of Long Island City, developed by real […]