Daily business news in the Great State of New York!
NEW YORK — VidMob, which operates a full stack creative technology platform, has closed a $25 million Series B financing, bringing the company’s total capital raised to date to more than $45 million. This latest round of funding will be used to further develop VidMob’s award-winning technology solution, the Agile Creative Studio, aimed at helping marketers of […]
McDonald’s has opened a brand new flagship restaurant located at 1528 Broadway on the corner of 48th and Broadway in midtown Manhattan. Like other McDonald’s restaurants in NY, this one is also open 24 hours and serves Big Macs, Chicken McNuggets and french fries. Designed by Landini Associates and architecture by Progressive AE, this new McDonald’s flagship adopts […]
NEW YORK — Bemis Company Inc. (NYSE: BMS). a maker of packaging products, is joining the prestigious S&P 500 Index this Friday. Bemis will replace toy maker Mattel Inc. (NASD: MAT) in the S&P 500, and Mattel will replace Bemis in the S&P MidCap 400 effective prior to the open of trading on Friday, June […]
NEW YORK – Empire State Realty Trust, owner of the Empire State Building, announced that AT&T will relocate to a new location within the world-famous skyscraper on 34th Street. AT&T has extended its lease term for ten years. “We are enhancing the Empire State Building’s 34th Street retail experience,” said Thomas Durels, Executive Vice President, Real […]
NEW YORK — Real Capital Analytics, Inc. (RCA), a provider of commercial real estate (CRE) data and analytics, has raised $115 million from Susquehanna Growth Equity (SGE). “This investment marks a new stage in our evolution and positions RCA for continued growth well into the future,” said Bob White, RCA’s founder and CEO. “My team and […]
NEW YORK — GFP Real Estate says it has closed on the purchase this month of 675 Avenue of the Americas, located in the Flatiron District of Manhattan. The building is a 311,000 square-foot, mixed-use Class A office and retail property. It is home to WW’s (Weight Watchers) headquarters as well as Nielsen, Michael’s Stores, Trader […]
NEW YORK — FOOD & WINE has released its 2019 list of Best New Restaurants. The list will also appear in the July edition of the magazine which is owned by Meredith Corporation. For the first time ever, the 10 best appears as a ranked list, with Cadence in Philadelphia as this year’s number one restaurant. Frenchette, […]
NEW YORK — Away, maker of luxury suitcases for travelers, announced the close of a $100 million Series D investment round. The new investment gives the company a valuation of $1.4 billion and was led by Wellington Management Company LLP and includes Baillie Gifford, Lone Pine Capital, and one of the brand’s earliest investors Global […]
A fancy new gourmet food kitchen in NY has just opened — and it’s only for dogs! Petco has opened its first-ever in-store pet food kitchen at the chain’s flagship store in New York’s Union Square. The kitchen is in partnership with JustFoodForDogs. The kitchen – which will prepare fresh, human-grade pet food daily – […]
The NY Times has launched a new site focused on parenting. NYT Parenting is a site for new and expecting parents who want help having and raising kids today. Whether readers are struggling with fertility or feeling burnt out at home with little kids, in the Parenting section the NY Times will provide guidance and […]
Related Companies is purchasing 1.5 million square feet of office space owned by WarnerMedia at 30 Hudson Yards for $2.2 billion. An affiliate of Related Companies, the developer of Hudson Yards, has entered into a contract to purchase WarnerMedia’s approximately 1.5 million square foot office. WarnerMedia is the former Time Warner before it was acquired […]
NEW YORK — LetsGetChecked, a direct-to-consumer at-home health testing platform and Apple Health partner, has closed a $30 million Series B funding round. LTP, a Boston-based growth equity investment firm focused on healthcare IT, led the round. Existing investors such as Qiming Venture Partners USA also participated in the round. LetsGetChecked will use this funding to continue scaling the company’s consumer brand […]
ELMSFORD, NY — Party City won’t be celebrating this news. The Westchester-based party goods chain said it will close 45 of its locations this year. There are currently 870 Party City stores across the country. The store closures will take place throughout the year. Party City also reported first quarter results and blamed a global […]
LONG ISLAND CITY — Altice USA, which has 4.9 million residential and business customers with a major presence in the NY metro area including Long Island and Westchester counties, has agreed to acquire Cheddar, the digital-first news company, for $200 million. (Photo: Jon Steinberg, CEO of Cheddar, and Dexter Goel, CEO of Altice USA, Source: […]
NEW YORK — UiPath, a robotic process automation (RPA) software company, has landed a staggering $568 million Series D investment round giving the company a valuation of $7 billion. The new funding was led by investment firm Coatue and joined by Dragoneer, Wellington, Sands Capital, and funds advised by T. Rowe Price Associates, Inc. Accel, who led […]