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Tech deals roundup: Local AI companies buck the slowdown in tech deals

Artificial intelligence companies have bucked the slowdown in tech deals that began in the middle of 2022 and appears to have continued into the second quarter of this year. A new analysis from Deloitte shows just how many of these deals were occurring in New York City during the first three months of 2023. The region […]

New York City’s next big immersive experiences

Nearby, at the former First National City Bank of New York building, at the intersection of Broadway and Canal Street, experiential business Inter is also aiming to provide visitors with an immersive experience that mixes art and interactive technology. Inter sublet 10,000 square feet at 415 Broadway from SoHo-based real estate investor United American Land […]

Rent Guidelines Board approves 3% rent hike for one-year leases

Members of the Rent Guidelines Board, the city panel that determines prices for rent-stabilized apartments, voted Wednesday to approve a 3% rent increase for one-year leases signed after Oct. 1.  The new rule also states that landlords of the city’s 1 million rent-stabilized apartments can increase rents on two-year leases by 2.75% in the first […]

Volunteering: Creating opportunity within our community

Summer is my favorite season for many reasons, but one is that it can bring more of the gatherings that I find energizing. The in-person connections and shared experiences are meaningful to me in a way that a call doesn’t always achieve. While that is my own style, there is a school of thought that […]

Central Park Boathouse Cafe is reopening amid $3.25M renovation

The menu at the all-day cafe, overseen by Dave Pasternack, the former chef at Esca, will feature breakfast sandwiches, like ham, egg and cheese, griddled hot dogs with braised onion and mustard; and lobster rolls on buttered split buns. There will also be a selection of salads starting with chicken (this is, after all, the […]

Cava almost doubles after $318M IPO

‘Very young’ “We’re very pleased with our restaurant-level margins,” Schulman said. “We’ve been able to continue to grow them over the years and we’re very young in our journey compared to a Chipotle, and we want to continue to reinvest in our team and reinvest in sustainable growth.” Johnson & Johnson consumer health spinoff Kenvue […]

Estee Lauder honcho buys Lennox Hill co-op from former Revlon owner

Perelman and his late wife, former Page Six columnist Claudia Cohen, are both listed as the sellers of the co-op in public filings, but the records do not list when Perelman and Cohen purchased the property or for how much. According to The Real Deal, Perelman sold the property almost 30 years after purchasing it […]

New York office occupancy breaks 50% for first time since pandemic hit

The milestone came just as the city was engulfed in smoke from Canadian wildfires, briefly becoming the most polluted major city in the world. Some of  New York’s largest employers from  big tech to big law to Wall Street have tightened return-to-office mandates in recent weeks, ramping up requirements and enforcement. While sure to be welcome news to Mayor Eric Adams, who has long lobbied for […]

Aon reduces downtown Chicago office space, helping 601W Cos.

The downsizing would normally be unwelcome news to 601W, the New York-based owner of the tower at 200 E. Randolph St. But the extension instead looks to be serving as a crucial tool to help 601W defuse a ticking debt bomb. Coinciding with the Aon commitment, 601W has struck a deal with its lender to […]

New York City hospitalizations drop as wildfire smoke air quality improves

New York City experienced record-high air pollution levels this week, with the Air Quality Index surpassing 400 on Wednesday bringing the air to “hazardous” levels by Environmental Protection Agency standards. Air pollution levels remained at levels considered unhealthy by environmental agencies yesterday, and have declined even further. The state’s Department of Environmental Conservation has maintained […]

Spicy margaritas are the new espresso martini as agave spirits top vodka, whiskey

According to IWSR Drinks Market Analysis statistics released Wednesday, in terms of cases sold in the U.S., tequila volume growth handily surpassed that of vodka in 2022, rising 12% year over year, while vodka eked out a 1% increase. Looking ahead, the compound annual growth rate for tequila from 2022 to 2026 is expected to rise an […]

WisdomTree dissident investor gets support to oust Frank Salerno

WisdomTree specializes in creating exchange-traded funds, which are baskets of securities that track indexes, and manages $90 billion in clients assets. But its stock trades 70% below the high set in 2015 because most of the $7 trillion invested in ETFs is held by giants including BlackRock and Vanguard. WisdomTree’s stock traded at about $7.30 a […]

New York City is bathed in smoke from Canadian wildfires

Smokey conditions are drifting across North America as Canada experiences an unprecedented amount of pre-summer fire activity. “May was a record warm month across Canada,” said Daniel Swain, a climate scientist at the University of California Los Angeles. While wildfire season peaks at different times across Canada, Swain said this spring is unusual as fires have been burning from British […]

AI creates more work for servers. That’s good business for MongoDB

MongoDB is a data platform that offers developers databases and database services they can use to build software. The structure gives its customers the ability to build multiple large-scale applications that can deal with massive amounts of data without slowing down. As companies produce and store more data than ever, internal developers have sought out […]

Climate tech jobs: New York firms hiring operations employees

Global hiring and networking site Climatebase has posted more than 46,000 jobs from over 1,500 organizations (both for- and nonprofit) over the past two years. Certainly, highly technical jobs related to the science of climate mitigation and adaptation are in high demand. But so too are roles familiar from any global business. It is mostly […]

State to lead efforts to close unlicensed smoke shops in New York City

Wright told Crain’s at an industry conference Thursday at the Javits Center that her agency would work with state tax agents, local police and consumer-protection officials to rein in the estimated 1,500 unlicensed retailers around the city that sell pre-rolled joints, edibles and other forms of marijuana. Authorities are also investigating landlords who rent them […]