Daily business news in the Great State of New York!
NEW YORK — Korr, an insurtech startup based in New York City, has closed $3.2 million seed funding round. The round was led by Motive Ventures along with Tokio Marine Future Fund, marking a significant step in Korr’s journey to modernize insurance technology. Early investors include Plug and Play Ventures. Founded in 2021, Korr’s cloud-native core operating system migrates on-premise legacy systems […]
Chase has opened the newest Chase Sapphire Lounge by The Club at New York’s LaGuardia Airport (LGA). The entrance to the two-floor lounge is located post-security on the fourth floor of the newly redeveloped Terminal B and is the brand’s largest to-date at more than 21,800 square feet. The new lounge is only for members […]
NEW YORK — BlackRock has agreed to buy Global Infrastructure Partners (“GIP”), a NY-based independent infrastructure fund manager, for $3 billion in cash and approximately 12 million shares of BlackRock common stock. The deal is worth about $12.5 billion. A $1 trillion market today, infrastructure is forecast to be one of the fastest growing segments […]
Walmart CEO John Furner and Salesforce CEO Marc Benioff will participate in a fireside chat at the National Retail Federation NRF 2024: Retail’s Big Show starting Sunday at the Jacob Javits Center in Manhattan, discussing the future of artificial intelligence (AI) and its impacts on business. “From improving customer service to maximizing operations and more, […]
Rippling, a San Francisco company that operates a workforce management platform, will expand its operations in New York City threefold, creating 390 new jobs and unlocking a $29 million investment in New York-based research and development over the next 10 years. The company will occupy 69,000 square feet on the 59th and 60th floors of […]
NEW YORK CITY — The New York City Tourism + Conventions bureau announced the start of reservations for NYC Winter Outing 2024. The program runs from January 16 through February 4, offering savings on experiences across all five boroughs, including prix-fixe NYC Restaurant Week menus at over 600 restaurants; 2-for-1 tickets to 23 NYC Broadway Week shows; and 2-for-1 […]
Curt Menefee, host of FOX NFL Sunday, has been named co-host of FOX 5’s “Good Day New York,” announced Lew Leone, Senior Vice President and General Manager of WNYW FOX 5 and WWOR My9. Effective Tuesday, Jan. 16, he will co-host the program weekdays from 7:00-10:00 AM ET with Rosanna Scotto. Menefee will continue his […]
NEW YORK — An installation of five Victorian masterpieces from the collection of the Museo de Arte de Ponce, Puerto Rico, is entering its final weeks at The Metropolitan Museum of Art. On display through February 4, 2024, the paintings have been on loan to The Met for over a year. This successful collaboration between […]
NEW YORK — Empire State Realty Trust, Inc. announced it will welcome Ghirardelli Chocolate Company in a 2,758 square foot retail space at the base of the world-famous Empire State Building. “Ghirardelli Chocolate is excited to open our first shop in New York. We are proud of our 171-year history that started in San Francisco, and […]
NEW YORK — The NY law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP, has signed a 20-year, 765,000 square-foot lease at 1345 Avenue of the Americas (photo above), marking the largest commercial office lease in the United States in 2023. Paul, Weiss represents many of the world’s largest public and private corporations, asset […]
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 […]
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, […]
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, […]
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 […]
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 […]