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 […]
HYDE PARK, NY — Shaner Hotel Group — a Pennsylvania-based hotel owner and operator — has opened the Inn at Bellefield Residence Inn, a 136-room all-suite hotel. The Marriott-branded hotel is located on Route 9 right across from the Culinary Institute of America in the heart of New York’s Hudson Valley. The hotel is the […]
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 […]
Herbie’s Burgers, a small chain of restaurants specializing in burgers and shakes, has opened its sixth location in the concourse of the Empire State Plaza in Albany. Herbie’s replaces a former McDonald’s which closed in October after nearly 27 years in business when it’s lease expired. Each Herbie’s burger is made to order. The Empire […]
The NFL announced that the 2024 Salary Cap will be $255.4 million per club, with an additional $74 million per club payment for player benefits, which includes Performance Based Pay and benefits for retired players. Total 2024 player costs will be $329.4 million per club, or more than $10.5 billion league-wide. The unprecedented $30 million […]
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 — Tuned, a digital hearing health company providing preventive and comprehensive hearing health for employers, has secured an oversubscribed $3.2 million seed extension led by Unum Group, with participation from Distributed Ventures. Tuned’s latest round brings its total funds raised to $8.2 million. Tuned plans to use the funding to grow its commercial […]
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 […]