New York City

Luckin Coffee has officially launched in the United States, opening its first two stores in New York City. This move marks a significant expansion for the Chinese coffee giant, which has overtaken Starbucks domestically. The strategic Manhattan locations are positioned to attract the Chinese student demographic. With over 24,000 global stores, Luckin’s U.S. entry escalates the international coffee competition.

Tutor Perini Corporation has been awarded a $1.87 billion contract by the Port Authority of New York and New Jersey for the Midtown Bus Terminal Redevelopment Program. The project includes constructing a seven-story bus storage facility and a ramp structure to facilitate bus movement. Construction is set to begin in fall 2025, with completion of funded portions expected by fall 2028.

Align Probiotic is launching a campaign to raise awareness of gut health. The campaign utilizes city signage in New York City, with award-winning actress Alison Sweeney as a prominent figure. The initiative transforms street elements with messages related to gut health, encouraging people to pay attention to their bodies’ signals. A sweepstakes is also running nationwide, to further amplify the message.

UBS Wealth Management US welcomes Mellany Bagtas as a Financial Advisor in New York City, based at the 299 Park Avenue office. Bagtas, previously at Morgan Stanley, brings experience to serve high-net-worth clients, offering tailored financial strategies. UBS highlights her expertise in wealth preservation, planning, and customized solutions.

Newmark Group arranged a $675 million refinancing for Independence Plaza, a 1,328-unit residential complex in Manhattan’s Tribeca neighborhood, on behalf of Vornado Realty Trust and Stellar Management. This deal highlights investor confidence in the New York City multifamily market. Vornado and Stellar are key players in NYC real estate, with Vornado also focusing on sustainability. Newmark’s global presence and financial performance are also noted.