Something else Related now owns. (Amanda Cohen/the Observer)
Real Estate

Big Blue Bike Buy: Investors Acquire Citi Bike, Take the Rest of Alta, Too

Bike Share Holdings LLC, a newly-formed investment venture that includes the CEOs of upscale fitness company Equinox and its parent company the Related Companies, has purchased both Citi Bike and its parent company, Portland, Ore.-based Alta Bicycle Share, the company announced today, in a move that will double the size of New York’s shared bicycle fleet, while at the same time increasing costs.

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