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New York Business Journal
Insurance firm takes office space at One World Trade Center
Insurance and annuity company Venerable has signed an office lease at New York City's One World Trade Center. The 11,000-square-foot space is on the 49th floor. The lease is for eight years and seven months. Venerable was represented by Cushman...
Craveworthy Brands acquires company behind Taim, Hot Chicken Takeover
Craveworthy Brands, a Chicago-area hospitality company, acquired restaurant company Untamed Brands. Financial terms of the deal were not disclosed. Craveworthy, based in South Elgin, is behind fast-casual restaurants BD's Mongolian Grill, Dirty Dough,...
Moinian Group signs 5 leases at Flatiron properties
Five businesses have signed leases for office and retail space in The Moinian Group's properties in Manhattan's Flatiron District. Yinova Management Co., PlayPlay, Tej Beauty Enterprises Inc., Kids at Work and LineLeap have taken about 13,000 square...
Kids gym to in downtown Brooklyn
My Gym is opening a new location in New York City. The Southern California-based children's fitness center, which provides play classes and birthday parties for kids ages 3 months through 10 years, signed a lease to open its third Brooklyn location,...
How the major airlines ranked in the latest satisfaction survey
JetBlue Airways and United Airlines both fell a bit in the latest customer satisfaction survey of major airlines. In the J.D. Power 2024 North America Airline Satisfaction Survey, carriers that have invested in the “people” side of their businesses...
WeWork aims to keep location atMidtown office building
WeWork Inc. revealed plans to keep another one of its New York City locations as the coworking company irons out its post-bankruptcy outlook. This time, WeWork has moved to assume its lease at 750 Lexington Ave., a Midtown Manhattan building owned by...
Blockchain company to move office to Lower Manhattan
Skip Protocol Inc., a blockchain infrastructure provider, is moving its office to Manhattan's NoHo neighborhood. Skip Protocol signed a lease on the 10th floor of 740 Broadway, a 152,000-square-foot office building owned by Lafayette-Astor Associates...
Communications agency to relocate, downsize New York City office
Communications agency Drury Design has signed a five-year lease to move its New York City office. The 5,600-square-foot space, located at 49 W. 23rd St. in Flatiron, occupies the entire second floor of the property. Drury is relocating its office from...
Harlem mixed-use development anchored by Urban League adds 3 tenants
Three long-term office leases have been signed at Harlem’s mixed-use development Urban Empowerment Center, where the National Urban League will soon move its headquarters. Studio Museum in Harlem will occupy a 26,000-square-foot space. United Negro...
Skin care spa opens in downtown Brooklyn
Naked Perfection Spa has opened a brick-and-mortar location in downtown Brooklyn. The spa offers skin care treatments such as facials, micro needling, chemical peels, laser hair removal, and eyebrow and eyelash enhancements. Treatments range from $30...
Skanska takes project office space at Brooklyn's Industry City
Skanska has signed a lease to open a project office at Industry City in Brooklyn. The Swedish construction and project development firm is taking over a 15,300-square-foot office on the fifth floor of Building 2 at Industry City. The space will serve...
Retailer closing hundreds of stores after bankruptcy
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals. We'll take a look today at Walmart's decision to close down its health clinic business, how small businesses are rethinking real...
Construction tops out at Long Island City apartment tower
Construction has topped out on a New York City residential high-rise in Long Island City. Work is approaching its tail end at Link Apartments QPN, a 28-story mixed-use building at 25-01 Queens Plaza North. The project will deliver 417 apartments and...
Job postings are sliding overall, but not for these high-demand roles
At a time when job postings have declined 28% from a pandemic-era high in 2021, certain positions — including multiple skilled trades — are in high demand. That’s according to recently released data from global job-search engine Indeed. Indeed's...
New York City launches grants for business improvement districts
More grants are on the way for business improvement districts throughout New York City. Some $5.3 million has been set aside in the city's 2025 budget for BIDs in three programs: Merchant Organizing, BID Formation and Small BID grant programs. New...
Bloomberg extends lease for global headquarters
Bloomberg LP has signed an 11-year lease extension at its New York City headquarters at 731 Lexington Ave. The deal will go into effect once Bloomberg’s existing lease expires in 2029. The business media and data company will continue to occupy all...
Why Lower Manhattan's office market saw positive absorption in Q1
Residential conversions led Lower Manhattan to its first positive absorption of office space in a year, according to a report from the Alliance for Downtown New York. The economic development organization that serves Lower Manhattan released its Q1...
Brooklyn developer buys residential development site in Crown Heights
The redevelopment site of a former spice factory in Brooklyn's Crown Heights neighborhood has a new owner. The property near Prospect Park, listed at 122-130 Montgomery St. and 960 Franklin Ave., has been sold for $64 million to Franklin Plaza II LLC,...
Small-business grants you can apply for this month
Small-business owners are optimistic about their growth prospects as we move toward the midpoint of 2024. <\p> According to a recent WalletHub survey of business owners, more than 60% of small-business owners believe now is a good time to grow. That's despite 64% who believe inflation won’t be coming down soon, and 60% who say their business is in need of financing more than it was a year ago. <\p>
What an evolving retail landscape means for America's downtowns
The challenges facing America's downtowns are frequently linked to the staggering amount of empty office space sitting in towers. But another important segment of the downtown revitalization conversation is how to fill a growing amount of vacant retail space in cities across the country.<\p> Once the core shopping hubs of cities and metro areas, downtowns for many retailers have lost favor to more suburban locations, even predating the Covid-19 pandemic, thanks to population and demographic patterns. Even the suburban retail story has faced challenges, though, with U.S. malls posting an average vacancy rate of 8.7% in 2023 — the highest of any retail property type tracked by Jones Lang LaSalle Inc. (NYSE: JLL).<\p>
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