Daily business news in the Great State of New York!
BROOKLYN — Real estate firm Extell Development Company announced that the company’s first Brooklyn project, Brooklyn Point, has reached a major construction milestone with its topping out. At 720 feet high, the 68-story luxury building has become the tallest in Brooklyn — eclipsing the Hub skyscraper at 610 feet — the previous tallest building in […]
NEW YORK & ARMONK, NY — Private equity firm Centerbridge Partners has struck a deal to buy IBM’s marketing platform and commerce software offerings. The transaction is expected to close in mid-2019, subject to completion of applicable regulatory reviews and customary closing conditions. Terms of the deal weren’t disclosed. After closing, Centerbridge intends to form […]
NEW YORK — 1stdibs.com, which operates a marketplace for luxury furnishings, jewelry, fine arts and vintage fashion, has secured a Series D funding round of $76 million. 1stdibs plans to use the proceeds to invest in its core business, grow adjacent categories, expand internationally and make strategic acquisitions. The round attracted both new and existing […]
NEW YORK – NBC’s Saturday Night Live is back live for the next three Saturdays and has released its upcoming host list. Sandra Oh will make her “Saturday Night Live” hosting debut on March 30. Oh, a Golden Globe and SAG Award winner, stars in BBC America’s “Killing Eve,” which returns for its second season on […]
NEW YORK – Sometimes taxis are just too slow. Helicopter company BLADE said it will begin launching continuous helicopter flights between Manhattan and John F. Kennedy Airport (“JFK”) every weekday from 7:00 am to 7:00 pm for $195 per person. According to the company, the shared flight service will be the largest Urban Air Mobility (“UAM”) initiative […]
NEW YORK — Dow Inc. (NYSE: DOW) is going to replace DowDuPont Inc. (NYSE: DWDP) in the Dow Jones Industrial Average (DJIA) effective prior to the open of trading on Tuesday, April 2, 2019. The Dow Inc. name is not related to the Dow Jones name, which was originally created by journalist Charles Dow, who also founded The Wall Street […]
NEW YORK — Fi, a Brooklyn-based dog technology company, is looking to reinvent the dog collar with GPS tracking and put an end to lost dogs. Fi said it also raised Series A financing of $7 million led by RRE Ventures with participation from existing seed investors Lerer Hippeau, Freestyle VC, and other prominent tech […]
Hudson Yards, a $25 billion development built above rail yards on the West Side of Manhattan, officially opened to the public Friday, marking a historic moment in the City of New York. (Photo Above: The first Neiman Marcus department store in NYC opens at the new Hudson Yards.) New Yorkers and visitors are now able […]
NEW YORK – YieldStreet, the digital wealth management platform that offers access to alternative investments typically only available to institutions, has closed $62 million of Series B equity financing. The round was led by Edison Partners, with participation from Greenspring Associates, and existing investors Raine Ventures and a large multi-billion dollar NY family office. The […]
NEW YORK — Landit, which operates a personalized career platform, has closed $13 million in an oversubscribed Series A funding round led by WeWork and backed by investors including NEA, Valo Ventures, Workday Ventures and Gingerbread Capital. The round also included early seed investors: Cue Ball Capital, XFund, Female Founders Fund, Morgan Stanley, Uprising Investor […]
Rising 35 stories high into the New York City skyline, the Moxy NYC Chelsea hotel has opened its doors this month. Located at 105 W 28th Street (at 6th Avenue), the micro-room hotel was developed by Lightstone and is inspired by the surrounding Flower District. This is the third Moxy hotel to open in NYC, […]
NEW YORK — Viacom is expanding its streaming TV business with a deal to acquire Pluto TV, the leading free streaming television service in U.S., for $340 million in cash. Viacom operates cable channels including MTV, Nickelodeon, Comedy Central, BET and CMT. It also owns digital studio AwesomenessTV. Founded in 2013, Pluto TV is headquartered in Los Angeles […]
NEW YORK — Danish bakery chain Ole & Steen has opened its first U.S. location in the heart of New York City’s Union Square. The opening marks the 100th store for the Danish bakery and their first expansion outside of Europe, with over 90 locations in Denmark and the UK. Located at 873 Broadway in a landmarked building originally constructed in 1900, […]
NEW YORK — Tishman Speyer President and CEO Rob Speyer announced the company has completed lease agreements with Macy’s, Inc. and NewYork-Presbyterian to fill all of the remaining space at The JACX, its 1.2 million-square-foot creative office development currently under construction in Long Island City, Queens. The two lease agreements, totaling 328,000 square feet combined, brings The JACX, which consists of two […]
NEW YORK – Hudson River Trading is moving from 4 World Trade Center to new space at 3 World Trade Center, which opened last June. Silverstein Properties Chairman Larry Silverstein announced HRT has signed a lease with Hudson River Trading (HRT) for 136,000 square feet of office space at 3 WTC. Founded in 2002, HRT […]