Daily business news in the Great State of New York!
LuxUrban Hotels Inc. has signed and funded a 15-year Master Lease Agreement (MLA), plus two, five-year options, to operate The James NoMad Hotel in New York City. LuxUrban expects that The James will be rebranded as The J Hotel by LuxUrban, a Wyndham Grand Hotel. The Company expects to take possession of the property and […]
NEW YORK — Rokt, an e-commerce technology company, announced an investment of $17.6 million to expand operations at its headquarters in New York City. To accommodate its growing workforce, Rokt will lease an additional 34,000 square feet of space at 175 Varick Street, bringing its total occupancy in the building to over 100,000 square feet. Rokt will renovate […]
The U.S. National Science Foundation (NSF) has designated the New Energy New York (NENY) Storage Engine as a Regional Innovation Engine (NSF Engine) as a part of President Biden’s Investing in America agenda. The NENY Storage Engine, anchored at Binghamton University in New York’s Southern Tier Region, will receive up to $15 million for two […]
Governor Kathy Hochul announced the launch of the State’s new Farm Employer Overtime Credit advance portal, which is now open for farmers to register and begin preparing the documents they will need to apply for reimbursement. Later this year, eligible farm employers may apply to the Department of Agriculture and Markets for a certificate of […]
Rizzoli and Mattel, Inc. announced it will publish BARBIE: THE WORLD TOUR (ISBN: 9780789345578, $55.00 US, Rizzoli New York), a new illustrated book capturing all the glamour and high style of the most popular doll in the world. For the press tour following the record-breaking release of Greta Gerwig’s award-winning Barbie movie, producer and star […]
NEW YORK — Empire State Realty Trust, Inc. has signed Greater New York Mutual Insurance Company (GNY Mutual) for a new full-floor, 52,116 square foot space at the world-famous Empire State Building (ESB). GNY Mutual has served policyholders since 1914 and earned an A+ (Superior) rating from A.M. Best for more than 30 consecutive years. [Photo […]
Sixteen school districts were designated to be in some level of fiscal stress according to New York State Comptroller Thomas DiNapoli’s Fiscal Stress Monitoring System for the school year (SY) ending June 30, 2023, up from 14 districts in fiscal stress the prior year. This number is well below the 33 designated in stress in […]
MISSION: IMPOSSIBLE – DEAD RECKONING, the latest film in the Mission Impossible series, is now available to stream on Paramount+ in the U.S. and in Canada. The film will premiere in additional Paramount+ international markets beginning in February 2024. This is the seventh film in the Mission Impossible movie series — all starring Tom Cruise […]
Damian Williams, the United States Attorney for the Southern District of New York, and James Smith, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced that Morgan Stanley & Co. entered into a non-prosecution agreement (the “NPA”) with the U.S. Attorney’s Office and agreed to […]
Governor Kathy Hochul announced a settlement with New York City-based real estate brokerage firm City Wide Apartments, Inc. after a state investigation found that the firm charged excessive broker fees – in one instance collecting over $20,000 in additional fees – to tenants looking for housing. “With our state staring down a housing crisis, excessive […]
NEW YORK — Marstone, Inc., a digital investment and wealth planning firm, has raised an $8 million Series B financing round led by Mendon Venture Partners and South Rose Capital, alongside new investors including the Castle Creek Launchpad Fund. The round also includes existing investor Equity Bank. Marstone helps financial institutions to retain and generate […]
NEW YORK — Klarna, a Swedish company that specializes in Buy Now Pay Later programs with retailers, is launching a subscription service model. Klarna Plus, issued by WebBank, is now available to eligible US consumers through the Klarna app for a monthly fee of $7.99. Klarna Plus gives members a variety of features and offers, including waived […]
Google plans to lay off 225 employees in New York according to a WARN filing with the NYS Department of Labor. The separation of workers will begin on April 1, 2024, and commence on May 27, 2024. Employees affected include 30 at Chelsea Market, a building owned by Google’s parent company Alphabet, as well as […]
NEW YORK and LOS ANGELES — Lachlan Murdoch, Executive Chair and Chief Executive Officer of Fox Corporation, announced that Jeff Collins has been appointed President of Advertising Sales, Marketing and Brand Partnerships for Fox Corporation. He will succeed Marianne Gambelli, who retires after more than 40 years as a leading ad sales executive in the media and entertainment space. Collins, […]
NEW YORK — RAL Companies and Oliver’s Realty Group, announced that Quay Tower, the only waterfront new development in Brooklyn Heights with sponsor units for sale, achieved more than $85 million in sales and pending contracts from 2023. Many of the deals at the 30-story ODA New York-designed building were the week’s most expensive sale […]