Funding

Reonomy Secures $30 Million Investment

NEW YORK — Reonomy, a provider of commercial real estate (CRE) data and analytics, has secured $30 million in Series C funding, led by Sapphire Ventures with participation from existing investors Bain Capital Ventures and Softbank Capital. Reonomy has now raised $68.4 million in funding to date, and has quickly established itself as one of the […]

Media Offices

Discovery to Move HQ to 230 Park Avenue

NEW YORK — Discovery, operator of cable networks Discovery Channel, HGTV, Food Network, TLC and more, has selected 230 Park Avenue South in New York’s Flatiron district as the location for its new global headquarters. Announced earlier this year, the company is moving its headquarters from Maryland to the Big Apple to be closer to advertising […]

Funding

Zurich Insurance Invests in CoverWallet

NEW YORK — Zurich Insurance Group has made an undisclosed investment in CoverWallet, a NY startup that makes it easy for businesses to understand, buy, and manage insurance online. Zurich has acquired a minority stake in the company. The investment follows a commercial partnership between CoverWallet and Zurich in Europe that was announced in February. Through the […]

Government Legal

Trump Charity Sued by NY Attorney General

NEW YORK – NY Attorney General Barbara Underwood has filed a lawsuit against the Donald J. Trump Foundation, and its directors, Donald J. Trump (now the President of the United States), his sons and daughters Donald J. Trump, Jr., Ivanka Trump, and Eric Trump. The petition filed alleges a pattern of persistent illegal conduct, occurring over […]

News

AT&T Completes Time Warner Buy

AT&T has completed its $85 billion acquisition of Time Warner Inc., just two days after a federal judge ruled against objections to the deal by the Department of Justice. The deal brings together global media and entertainment leaders Warner Bros., HBO and Turner with AT&T’s strong presence in technology and its video, mobile and broadband […]

Funding

Breather Gets Fresh $45 Million Investment

NEW YORK — Breather, a provider of flexible and private workspace, has raised approximately $45 million in fresh financing led by Menlo Ventures and other firms including Canadian pension fund la Caisse de dépôt et placement du Québec (“la Caisse”), Ascendas-Singbridge and Singapore national fund Temasek. Breather has raised nearly $120 million to date, with locations […]

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 […]