As part of a continued effort to use technology to improve customers’ shopping experience, Macy’s acquired a minority share in b8ta, and will work with the tech startup to scale its Market @ Macy’s pop-shops where independent designers can sell their wares to the public. Read more at the New York Business Journal.
Montreal-based meeting space provider Breather raised $45 million in its most recent round of funding, bring the total amount raised to $120 million. The company provides short-term office space that can be rented by the hour, day or month at 300 locations worldwide, including New York. Read more at BisNow.
As part of the mayor’s New York Works program, the city will spend $40 million to construct a mixed-use project at the Brooklyn Navy Yard along with the redevelopment of Admirals Row. The and 230,000-square-foot space at 399 Sands St. will include office and manufacturing space as well as a parking garage. Read more at Crain’s New York.