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 […]
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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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
Linda Cohn Signs New Deal With ESPN
Long-time sportscaster Linda Cohn has signed a new contract with ESPN. Terms and length were not disclosed. Cohn has been with ESPN for more than 26 years and is the longest-tenured anchor for the network’s main news program SportsCenter. Cohn joined ESPN in 1992 and anchored her first SportsCenter on July 11, 1992. She was […]
Brooklyn Home Sales Drop in 2nd Quarter
BROOKLYN — Brokerage firm Stribling & Associates has released its second quarter Brooklyn Market Report. The report is the only to cover inventory, contracts and sales across the entire borough. The data revealed a yearly decline in the total number of closings, but a slight uptick in contract activity, as the number of properties listed surged to near-record levels. […]
Davis Polk Law Firm Selects Eight New Partners
NEW YORK — The law firm Davis Polk and Wardwell has elected eight new partners effective July 1. Five are based in the firm’s New York office. Davis Polk has more than 900 lawyers in offices located in New York, Northern California, Washington DC, São Paulo, London, Paris, Madrid, Tokyo, Beijing and Hong Kong. The […]
Pipedrive Lands $50 Million
NEW YORK — Pipedrive, a developer of sales and Customer Relationship Management (CRM) software, has closed a $50 million Series C round led by new investor Insight Venture Partners and existing investor Bessemer Venture Partners, with additional participation from existing investors Rembrandt Venture Partners and Atomico. Pipedrive plans to use the money to expand research […]
Men’s Clothing Site Grailed Raises $15 Million
NEW YORK — Grailed, an online marketplace for curated men’s clothing, has closed a $15 million Series A investment round led by Index Ventures, with added participation from Thrive Capital and Simon Ventures. The new investment brings the company’s total funding to about $20 million and will allow the company to enhance the customer experience, […]