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Social shuffleboard bar and restaurant sets debut in New York City
Electric Shuffle, a fusion of high-tech shuffleboard, food and cocktails, announced that it will open its first New York City location this Friday in NoMad.<\p> Located at the intersection of 30th Street and Broadway, Electric Shuffle occupies a 10,000-square-foot space on the second floor of 44 W. 30th St. next to the Virgin Hotel. The venue offers 13 shuffleboard tables accommodating up to 20 players each, two bars and a capacity of up to 375 people.<\p>
FTC noncompete ban suffers setback
The Federal Trade Commission’s broad noncompete ban suffered a legal setback after a federal judge in Texas ruled against the agency on July 3.<\p> U.S. District Judge Ada E. Brown of the Northern District of Texas, said in a ruling that the agency “lacks substantive rulemaking authority” on the matter and granted a preliminary injunction on the controversial rule that could affect employers in a broad range of industries. <\p>
The National Observer: America's most-on-time airports
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today, we're looking at a big change to federal rulemaking that could affect businesses, the hidden costs of owning a home, and federal grants for 12 tech hubs across the U.S. But first, you may want to pack your patience for these routes — they're the most delayed flights in the U.S.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.<\p>
Data-center debate: Booming CRE sector grapples with big questions
The proliferation of data centers across America is helping to power the nation's increasingly digital economy — but for some, it's coming at too high, or too unknown, of a cost.<\p> The data-center boom isn't new, but the rate at which these projects are being planned, proposed and built is quickly escalating. And while data centers once were concentrated in a few key markets, they're now fanning out to metro areas all over the country.<\p>
Paramount Global agrees to $8 billion merger
Paramount Global, parent of broadcaster CBS and the studio behind such blockbusters as “Top Gun” and “The Godfather,” has agreed to merge with Skydance Media in a multibillion-dollar deal.<\p> The board of New York City-based Paramount (Nasdaq: PARA) agreed Sunday night to a complicated deal that will see David Ellison, founder and CEO of Los Angeles-based Skydance and son of Oracle Corp. co-founder and billionaire Larry Ellison, become CEO and chairman of the merged companies, called "New Paramount."<\p>
Operator of Chinese restaurants bringing new establishments to Chelsea
The restaurateur behind Chinese restaurants Shan and Hupo is bringing two new establishments to Manhattan’s Chelsea neighborhood within a year.<\p> The first will be a fine-dining Chinese restaurant located in an approximately 4,900-square-foot space at 239 Seventh Ave.<\p>
A popular job-posting strategy can backfire
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> The hiring process sparks plenty of questions for employers and candidates alike. <\p>
Recently finished apartment building sold in the Bronx
A newly built apartment complex in the Bronx's Williamsbridge neighborhood has changed hands.<\p> A development site at 1039 E. Gun Hill Road has been sold for $27 million to an affiliate of real estate developer 33 Equities, New York City property records show.<\p>
Auto sales a mixed bag for US automakers so far in 2024
U.S. automakers reported mixed sales results in the first half of 2024, as General Motors Co. and Stellantis saw sales drop while Ford Motor Co. and Toyota Motor Corp. both posted first-half gains.<\p> Stellantis (NYSE: STLA), the parent of Jeep, Chrysler, Dodge and Ram, reported the biggest drop, with first-half sales falling 16% compared with the same time frame last year. The big brands at Stellantis saw big drops, as Ram truck sales plummeted 26%; Dodge sales fell 16%; Jeep sales dropped 9%; and Chrysler sales fell 8%.<\p>
How a 100-year-old grandmother inspired an almond-lentil spread
In a world increasingly focused on health and nutrition, one entrepreneur's quest to address a common deficiency led to the creation of a unique and impactful product.<\p> Inspired by the needs of her 100-year-old grandmother, who was struggling with a protein deficiency, Taylor Smith embarked on a journey to develop a solution that would benefit not only her grandmother but also a broader customer base.<\p>
These are America's most-delayed flights
Airlines are expecting record-breaking traffic for the summer — and for the July Fourth holiday — but fliers on many routes would be wise to build in some extra time for their travel plans. <\p> That's according to an analysis by The Business Journals of the latest on-time data from airline analytics company Cirium Inc. The analysis looked at routes with at least 20 flights. <\p>
Foreclosed Brooklyn Tower finds new owner
The foreclosed Brooklyn Tower, the borough's tallest building, has a new owner.<\p> New York City-based developer Silverstein Properties, which developed the rebuilt World Trade Center complex, has bought a mix of condos, rentals and retail at the 74-floor Brooklyn Tower for $672.6 million, New York City property records show.<\p>
Second phase of Brooklyn housing redevelopment to start this summer
Financing has been secured for the second phase of Kingsland Commons in Brooklyn's East Williamsburg neighborhood, allowing the New York City housing redevelopment to move forward.<\p> The second phase of Kingsland Commons will bring an 18-story building with 311 permanently affordable housing units for low-income residents to the former Greenpoint Hospital Campus.<\p>
Warehouse development breaks ground in Staten Island
An industrial development is underway in Staten Island's Richmond Valley neighborhood.<\p> Sagard Real Estate has broken ground on a 332,000-square-foot Class A warehouse development in the New York City borough. The real estate investment advisor and operator said that the facility will meet demand in one of the nation's toughest submarkets.<\p>
Meet the folks taking over restaurateur Tony Park's spaces in NYC
New York City restaurateur and real estate owner Tony Park is shifting gears, offloading four of his food and beverage spaces in Manhattan to focus on the other side of his business.<\p> “My focus right now for the next few years is going to be real estate because prices are very low,” Park told the New York Business Journal.<\p>
Rooftop bar renews its lease in Manhattan
Rooftop Hospitality Group has signed a 12-year lease extension to keep its 230 Fifth Rooftop Bar in Manhattan's Flatiron District.<\p> The approximately 32,100-square-foot space at 230 Fifth Ave. offers heated igloos and signature red Snuggies during the winter months.<\p>
Among small businesses, there's a huge divide on finances
The smallest businesses are the ones most likely to be struggling, as larger small businesses report better conditions.<\p> The latest data from the Federal Reserve’s Small Business Credit Survey — released earlier this year but since followed up with a more detailed breakdown by size and demographics — shows how, even within the realm of small businesses, there is wide variation.<\p>
Law firm upsizing headquarters with move to 1 Rockefeller Plaza
A Manhattan-based law firm is set to leave its old headquarters for new, bigger offices just around the corner at Rockefeller Center.<\p> White-collar law firm Emery Celli Brinckerhoff Abady Ward & Maazel LLP, or ECBAWM for short, will move from 600 Fifth Ave. into an office at 1 Rockefeller Plaza, a 34-story Class A office building owned by Tishman Speyer.<\p>
New York City migrant shelter sells for $172M with redevelopment plans
Breaking Ground has acquired one of the largest migrant shelters in New York City for redevelopment into housing units.<\p> The supportive housing organization has bought a migrant shelter at 1760 Third Ave. for $172 million, according to New York City property records. The organization plans to convert the 250,000-square-foot building into 435 affordable housing units, 261 of which will be reserved for formerly homeless individuals.<\p>
West Coast law firm reups at recently renovated NYC office tower
An international law firm is staying in Midtown Manhattan after renewing its lease at 51W52, an office building also known as Black Rock.<\p> Orrick, Herrington & Sutcliffe has signed a 15-year renewal for 144,000 square feet across floors 17 and 20 through 24 at 51 West 52nd St., CBS' former headquarters.<\p>
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