Blackstone Completes Purchase of SPANX

Blackstone has completed its majority purchase of SPANX, an Atlanta-based maker of hosiery and shapewear for women, in a deal valuing the company at $1.2 billion. Additional new investors in SPANX participating in the closing include celebrity female entrepreneurs Oprah Winfrey, Reese Witherspoon and Whitney Wolfe Herd, as well as female-founded investment funds G9 Ventures […]


YieldStreet Closes $50 Million Follow-On Investment

NEW YORK — Yieldstreet, a leading multi-asset alternative investment platform, has closed a strategic $50 million follow-on investment, led by London-based Mayfair Equity Partners, a leading technology and consumer growth investor. Yieldstreet was established to provide retail investors access to alternative investment opportunities previously reserved for institutions and ultra high-net worth individuals. Since its foundation, […]


Starbucks Launches New Manhattan Store With Amazon

Starbucks, the nation’s largest coffee chain, has opened a new Starbucks Pickup store with Amazon Go market and lounge, located in Manhattan at 59th Street between Park & Lexington Avenues. The store is a combination of a Starbucks Pickup and Amazon Go, utilizing the order ahead feature in the Starbucks app and Amazon Go’s Just […]


NBC to Air Rockefeller Christmas Tree Lighting Dec. 1

NEW YORK — With Christmas just over a month away, NBC kicks off the holiday season with the annual lighting of the Christmas tree in the heart of New York City with “Christmas in Rockefeller Center” airing Wednesday, Dec. 1 at 8 p.m. In addition, the broadcast will simulcast live on Peacock streaming service. Viewers […]


Anyword Secures $21 Million

NEW YORK — Anyword, an AI-based language optimization platform transforming how marketers tailor their messages to their customers, has raised $21 million in new funding, bringing the total raised to more than $30 million. Anyword is based in New York and Tel Aviv, Israel. The round was led by Innovation Endeavors, with additional participation from […]

Funding Real Estate

Fund That Flip Lands $20 Million

NEW YORK  —  Fund That Flip, a real estate-focused financial technology platform based in NY and Cleveland, announced the first close of its $20 million Series B funding round. The financing was led by GPO Fund of New York, with participation from MassMutual Ventures and Tribeca Early Stage Partners. More than 50 Fund That Flip […]


H1 Raises $100 Million Series C Round

NEW YORK — H1, which operates a global healthcare network that connects healthcare professionals, has raised a $100 million Series C round of funding led by Altimeter Capital, joined by new investors Goldman Sachs Asset Management and Flex Capital, with participation from existing investors IVP, Menlo Ventures, Transformation Capital, Lux Capital and LeadEdge. H1 will […]


Plug Power Opens Fuel Cell Center in Rochester

Plug Power Inc. has officially opened its new, $125 million Innovation Center in the Town of Henrietta, Monroe County, a suburb of Rochester. NY. Governor Kathy Hochul attended an official opening event last week. “Plug Power is a key partner in New York State’s efforts to move both the state and the nation toward a […]


New Yorkers in Need of Food Assistance Doubled in 2020

NEW YORK — Robin Hood, an organization fighting poverty in NYC, has released “Spotlight On State of Food Hardship in New York City.” The new report, developed in collaboration with Columbia University’s Center on Poverty and Social Policy and the Columbia Population Research Center, found that 39% of New Yorkers experienced food hardship in 2020, including 46% of Bronx residents. […]


Nexar Raises $53 Million for AI Computer Vision

NEW YORK — Nexar, an AI computer vision company based in Israel with offices in NYC, announced the completion of a $53 million Series D funding round led by Qumra Capital with the participation of State Farm Ventures, Catalyst Investments, Banca Generali, Valor and previous backers; Atreides Management, Corner Ventures, Regah Ventures, Aleph and more. Nexar is a […]


Citi Opens Flagship Branch at NYC Headquarters

NEW YORK — Citi has opened a new flagship branch featuring a state-of-the-art Client Center in New York City’s Tribeca neighborhood at the company’s heaquarters at 388-390 Greenwich St. The unique 7,000-square foot concept space can easily transform in configuration and shape to help customers craft experiences ranging from the most public to the most […]


FuboTV Buys French Streaming Company for $190 Million

NEW YORK — fuboTV Inc. is expanding its live TV service in Europe by acquiring France’s number one live TV streaming company, Molotov SAS, for $190 million. The transaction fuels fuboTV’s global expansion strategy by leveraging Molotov’s unique direct-to-consumer live TV streaming service and its advertising video-on-demand (AVOD) platform, Mango, which combined total nearly four […]

Government News

NYS Retirement Fund Returns 1.15% in Third Quarter

The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2021-22 was 1.15% for the three-month period ending Sept. 30, 2021, according to New York State Comptroller Thomas  DiNapoli. It ended the quarter with an estimated value of $267.8 billion. “Market volatility brought returns down […]

News Real Estate

SL Green Sells 590 Fifth Avenue

NEW YORK — SL Green Realty Corp. has sold an office building at 590 Fifth Avenue in Manhattan for a gross sale price of $103.0 million. “Closing on the sale of 590 Fifth Avenue at a price of $1,000 per square foot demonstrates the continued demand for well-located New York City office and retail properties,” said Harrison Sitomer, Senior Vice President of […]

News Retail

Price Chopper, Tops Supermarkets Complete Merger

SCHENECTADY and WILLIAMSVILLE, N.Y. — Upstate supermarket chains Price Chopper/Market 32 and Tops Markets have announced the closure of their merger following approval from the Federal Trade Commission (FTC). Under the terms of the deal, the two companies will be managed locally by their respective leaders and continue to be referred to by their established brand […]