NEW YORK — Compass, a real estate technology company, has scored a $400 million Series F financing round led by the Softbank Vision Fund and Qatar Investment Authority (QIA), with participation from Wellington, IVP and Fidelity. This investment will bring the total capital raised to nearly $1.2 billion. Compass plans to use the capital to […]
Author: Editor
Woodward Trump Book Sets Sales Records
NEW YORK — Publisher Simon & Schuster announced that Bob Woodward’s FEAR: TRUMP IN THE WHITE HOUSE sold a total of more than 750,000 copies through Tuesday, September 11, the first day the book went on sale. The combined sales figure includes pre-orders and first day sales of print books, ebooks, and audiobooks in both […]
Empire State Building Has New Entrance
NEW YORK – The Empire State Building (ESB) officially unveiled the first phase of a new entrance last month to the Observatory at 20 West 34th Street. Part of the decade-long Empire State ReBuilding project, the new entrance provides visitors to its popular observation deck with a larger dedicated entrance which used to be shared […]
Launchmetrics Lands $50 Million Investment
NEW YORK — Launchmetrics, a developer of technology to measure marketing campaigns and social media influencers, has closed a $50 million investment from Bpifrance, Seventure, Cipio Partners and Famille C (Famille Courtin-Clarins). The company plans to use the funding to expand global reach, accelerate product growth and innovation, as well as hire additional sales & […]
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 […]
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 […]