Funding NYC

Venture Capital Firm Launches With $125 Million

NEW YORK — Early stage venture capital firm Exponent Founders Capital has launched in NYC and has raised $125 million to date, including a new $75 million Fund II vehicle that will be deployed across promising inception and early stage companies spanning enterprise software, fintech and payments, infrastructure, applied AI, and vertical SaaS throughout the […]

Hotels NYC

Mayfair Hotel in NYC Joins Ascend Collection

The Mayfair Hotel in New York City has joined the Ascend Hotel Collection of Choice Hotels International. The Mayfair Hotel adds to the Ascend Hotel Collection’s existing New York City hotels the Blue Angel Hotel, The L Hotel and the Insignia Hotel. The Ascend Hotel Collection features a global portfolio of over 360 independent resort, historic and boutique hotels. The seven-story, […]

Legal News NYC

Schulte Roth Law Firm Elects Six New Partners

NEW YORK — The law firm of Schulte Roth & Zabel announced that William Barbera, Sean Brownridge, Andrew Gladstein, Robert Griffin, Theodore Keyes and Donna Lazarus were elected to the firm’s partnership effective January 1, 2024. All are resident in the New York office. The firm has also promoted Mark Garibyan, Farzaan Ijaz, Kolby Loft, […]

News NYC Retail

Housing Works Cannabis Reports $24 Million in Sales

NEW YORK — Housing Works Cannabis Co (HWCC), the first licensed adult-use cannabis dispensary and delivery service in the state of New York, reported $24 million in sales in its first year of operations in 2023. The entrepreneurial business—one of 10-plus New York City-based enterprises on Housing Works’ roster—enters its second year of operation with a focus on furthering advocacy […]

News NYC

Private Equity Firm Clayton, Dubilier & Rice Adds Three New Partners

NEW YORK — The private equity firm Clayton, Dubilier & Rice (“CD&R”) has announced the appointment of three new Partners – Sid Jhaver, Jon Selib and Bill Berutti. The firm invests in businesses that span a broad range of industries, including industrial, healthcare, consumer, technology and financial services end markets. CD&R is privately owned by […]

NYC TV

LL Cool J, Cardi B to Perform on ABC New Year’s Eve

ABC and Dick Clark Productions announced that two-time GRAMMY Award-winning hip-hop icon LL COOL J, featuring DJ Z-Trip, will perform just before midnight from New York’s Times Square as part of “Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest 2024.” In addition, GRAMMY Award-winning female rap artist Cardi B will join the lineup from the Fontainebleau Miami Beach. […]

NYC Openings Retail

Citizen Watch Opens Flagship Store on Fifth Ave in NY

NEW YORK – Citizen Watch America has opened its first-ever U.S.-based multi-brand flagship store at 605 Fifth Avenue in Manhattan, steps from Rockefeller Center. The store is a new retail concept inviting customers to shop the full range of timepiece offerings across the group’s portfolio of brands that includes Citizen, Bulova, Accutron, Frederique Constant, and Alpina. […]

News NYC

Broadway League Releases Demographics of Theatregoers

The Broadway League has released its annual demographics report, The Demographics of the Broadway Audience 2022-2023, which provides a comprehensive analysis of the theatregoers who attended Broadway shows in New York City last season. The League resumed audience surveying with the 2022-2023 season, the first complete season since Broadway reopened following the COVID-19 pandemic shutdown. This […]

News NYC Transportation

Port Authority Expects 14 Million Travelers Over the Holidays

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 […]

NYC Restaurant

Fogo de Chao to Open Fourth NYC Location

NEW YORK — Brazilian restaurant chain Fogo de Chão has signed a lease agreement for its fourth New York City location joining existing restaurants in Midtown Manhattan, and Queens, with an upcoming location in Brooklyn at City Point. The new 5,009-square-foot restaurant is scheduled to open in 2024 at The Oculus at Westfield World Trade […]

Government NYC Transportation

Port Authority Approves $9.3 Billion Budget

The Port Authority of New York and New Jersey Board of Commissioners has approved the agency’s $9.3 billion 2024 budget, which includes $3.9 billion in operating expenses, $3.6 billion in capital expenses, and $1.8 billion for debt service and deferred expenses. The approved budget reinvigorates the agency’s commitment to modern, secure facilities as activity and […]

News NYC

Search Firm Daversa Partners Promotes Katie Fischer as Partner

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 […]

News NYC

Getir Completes Deal for FreshDirect

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 […]

Education NYC

CUNY Raises $3.75 Million From Giving Campaign

The City University of New York (CUNY) has raised a record-breaking $3.75 million through December 1 from 4,650 individual donors during its #CUNYTuesday campaign, a 29% increase over 2022. The campaign aligns with the nationwide day of giving known as Giving Tuesday. “Even in the most challenging times, the CUNY community has demonstrated an unstinting […]

Legal NYC

Weil Law Firm Elects 16 New Partners

NEW YORK — International law firm Weil, Gotshal & Manges has elected 16 new partners, effective January 1, 2024. “We’re proud to call these outstanding lawyers our partners,” said Weil Executive Partner Barry Wolf. “Each is a brilliant practitioner with an exceptional record of client service. Together, they reflect our intentional focus on expanding our pipeline […]