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Steptoe LLP Opens New 58,000-Square-Foot NYC Office

International law firm Steptoe LLP has relocated its New York operations to a 58,000-square-foot office at 1133 Avenue of the Americas in Midtown Manhattan. Occupying the building's three highest floors, the new workplace provides additional meeting, collaboration and event facilities following substantial growth in the firm's local legal team. Steptoe has added nearly 36 attorneys over the past two years, expanding its capabilities in financial regulation, litigation, international trade and other practice areas. The move places the firm one block from its previous office near Bryant Park. The 45-story property holds LEED Gold certification and contains approximately 1.1 million square feet.

Brooklyn Nets Fund $2.89M NYC Court Renovations

Three basketball courts at Brooklyn's Fish Playground have reopened following improvements supported by the Joe and Clara Tsai Foundation's Social Justice Fund. The project replaces aging playing surfaces and equipment while adding spectator seating, drinking water access and upgraded fencing. It completes a broader $2.89 million initiative that renovated 13 courts at five Brooklyn parks, including locations in East New York, Crown Heights, Flatlands and Sunset Park. NYC Parks coordinated the improvements with funding from the foundation, whose founder Clara Wu Tsai also owns the Brooklyn Nets and New York Liberty. The investment expands recreational facilities for neighborhood residents.

Brooklyn's Floyd Bennett Field Gets $10M for Restoration

New York State is committing $10 million toward restoring two historic aircraft hangars at Floyd Bennett Field in Brooklyn, advancing plans to expand public access to the former airport. The funding will support initial interior improvements to Hangars 3 and 4, allowing the spaces to accommodate educational activities, workforce training and community programs as redevelopment continues. The Jamaica Bay-Rockaway Parks Conservancy is coordinating the initiative with the National Park Service and other partners. Located within Gateway National Recreation Area, Floyd Bennett Field is being positioned as a destination for environmental research, cultural programming and recreation while preserving its aviation heritage.

St. John's University Raises Record $5.5M in NYC

St. John's University raised a record $5.5 million for student scholarships during its annual President's Dinner, held October 29 at the New York Hilton Midtown. The fundraising total exceeded the previous $4 million record and brought the event's cumulative contributions above $60 million since 1998. More than 700 guests registered for the gathering, which recognized alumni and supporters whose contributions help students facing financial barriers to higher education. Five members of the university community received Spirit of Service honors. The event also featured students sharing how scholarship assistance has helped them continue their studies and pursue professional goals.

NYC-Based Bilt Expands Into Sports With $300M Deal

Bilt is entering the professional sports loyalty market through its $300 million acquisition of LAVA, a technology company serving 56 franchises across major American sports leagues. The transaction connects Bilt's residential rewards network, which includes more than seven million members and 50,000 merchant partners, with technology used to manage fan engagement, memberships and personalized offers. LAVA's platform integrates with ticketing, payment and customer management systems, allowing sports organizations to provide benefits beyond stadium experiences. Bilt plans to incorporate these capabilities into its neighborhood commerce platform, potentially connecting team loyalty programs with restaurants, retailers and other businesses in surrounding communities.

CUNY Free OMNY Card Program Reaches 99% Uptake

A New York City initiative covering public transportation costs for selected CUNY students has recorded nearly complete participation in its first distribution phase. Of 700 students offered free, unlimited OMNY cards, 693 have collected them, according to university and City Council officials. The $700,000 pilot targets financially eligible full-time students attending in-person classes. Interest extends far beyond the initial recipients, with more than 28,500 students requesting consideration. Cards provide unlimited transit during designated fall and spring periods. The program addresses commuting expenses that can complicate college attendance, although its longer-term impact on student retention has not yet been established.