Daily business news in the Great State of New York!
Acting NY State Police Superintendent Dominick Chiumento honored 232 new State Troopers as they graduated last week from the 213th session of the Basic School of the New York State Police Academy. The ceremony was held at the Empire State Plaza Convention Center in Albany. The graduation increases the State Police ranks to 4,781 sworn […]
NEW YORK – The National Basketball Association (NBA) has promoted Amy Brooks to become its first-ever President, New Business Ventures. Brooks, who most recently served as the NBA’s President of Team Marketing & Business Operations (TMBO) and Chief Innovation Officer, will be charged with identifying new domestic and global revenue-generating business opportunities for the NBA in […]
NEW YORK — SL Green announced that, together with its partners, it has entered into a contract to sell the fee ownership interest in 625 Madison Avenue for a gross sale price of $632.5 million, or $1,123 per square foot, to a global real estate investor. In connection with the sale, SL Green and its […]
NEW YORK — Peloton has announced the hiring of Lauren Weinberg as Peloton’s new Chief Marketing Officer (CMO). She will replace Leslie Berland, who left her position to go to Verizon. Weinberg brings over 20 years of expertise as an insights-driven marketing leader. She will serve as a member of Peloton’s leadership team, reporting directly to CEO Barry McCarthy. […]
The Port Authority of New York and New Jersey projects nearly 14 million travelers are expected to use its airports and vehicular crossings during the 13-day peak travel period from Thursday, Dec. 21, to Tuesday, Jan. 2. The Port Authority expects this to be the busiest Christmas and New Year travel period ever for its […]
The New York law firm of Simpson Thacher & Bartlett LLP announced that it has elevated 32 attorneys to Partner, effective January 1, 2024. Simpson Thacher has over 1,000 attorneys in 11 offices across 32 practice areas. Here are the new partners: Louis H. Argentieri, M&A (New York) Andrew Bechtel, Banking and Credit (London) Lindsey C. Bohl, Litigation / […]
NEW YORK — Fordham University has been awarded a $50 million grant focused on environmental justice, issued through a competitive grant process by the U.S. Environmental Protection Agency (EPA). Fordham will serve as a grantmaker to community-based groups in New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands and will also fund the environmental research of its own faculty. Fordham will receive the funds over […]
Below are median home prices for the month of November in New York State along with number of houses sold. Information comes from NYS Association of Realtors, Greater Capital Association of Realtors, and OneKeyMLS.
Local sales tax collections in New York state increased by 5.1% in November compared to the same month in 2022, according to data released by State Comptroller Thomas DiNapoli. Overall, local collections totaled $1.81 billion, up $88.6 million compared to the same time last year. “Local sales tax collections continued to grow in November,” DiNapoli said. […]
ALBANY — Inventory of homes across the Empire State fell to record lows in November while elevated sales prices slowed New York’s housing market even more, according to the housing report released today by the New York State Association of REALTORS. Inventory of homes for sale fell to an all-time low of 27,779 units in […]
NEW YORK — Daversa Partners, the technology industry’s premier executive search firm that builds the leadership teams for growth and venture-backed companies, announced Katie Fischer as the firm’s newest Partner. With a track record spanning over a decade in executive recruiting, Fischer’s ascent to the senior leadership team marks a significant milestone for the firm. Daversa […]
NEW YORK — Getir, a Turkish company that specializes in ultrafast grocery delivery, has closed its purchase of FreshDirect, a Bronx-based online grocery company, from Ahold Delhaize, one of the largest food retail groups in the US. Terms of the deal weren’t released. The acquisition will create significant synergies between Getir and FreshDirect. Getir’s technological […]
NEW YORK — Xeol, a New York City-based cybersecurity company, has raised $3.2 million in Seed funding led by Shield Capital with Y Combinator and 468 Capital also participating. Cyber attacks against private enterprises’ software supply chains multiplied sevenfold over the past 3 years. Software supply chains must be secured just as industrial supply chains are […]
The global law firm Jones Day has announced that the following 51 lawyers listed below will be admitted to the Firm’s partnership effective January 1, 2024. “The promotion of these new partners reflects Jones Day’s ongoing commitment to developing and advancing lawyers throughout the world who have achieved the highest levels of professional accomplishment and who are devoted […]
ALBANY — New York State is launching the Weather Risk Communication Center (SWRCC) at the University at Albany, a collaboration between university researchers and state emergency managers. Through an annual $1.5 million investment, the SWRCC will serve as a clearinghouse for critical weather information and develop new tools to help emergency managers make more informed, […]