Crain's New York Business

Home , Chirlane McCray, Ted Stepien, Ultimate Blue

CRAINS

20160627-NEWS--0001-NAT-CCI-CN_-- 6/24/2016 9:10 PM Page 1 CRAINS

® JUNE 27-JULY 10, 2016 | PRICE $3.00 DOUBLE ISSUE NEW YORK BUSINESS

The dynamic duos shaping the city’s economic, political and cultural life are bigger than the sum of their parts Pages 12-21

Christine Trump’s Skyscraper Quinn’s workers on stilts political take raises comeback offense hackles P. 6 P. 6 P. 9

VOL. XXXII, NO. 26 WWW.CRAINSNEWYORK.COM

0 71486 01068 5 26 NEWSPAPER 20160627-NEWS--0002-NAT-CCI-CN_-- 6/24/2016 9:11 PM Page 1

JUNECRAINS 27-JULY 10

FROM THE NEWSROOM | JEREMY SMERD A better way to pay IN THIS ISSUE 3 AGENDA

In our June 20 issue, we wrote about Donald Trump’s use of a 4 IN CASE YOU MISSED IT Industry City 1960s-era zoning rule allowing him to build 20 extra stories 6 POLITICS serves up a food court at Trump Tower in exchange for creating public spaces on 7 RETAIL the site. The added floors netted him around $530 million, 8 WHO OWNS THE BLOCK we calculated. What did the public get? A couple of hard-to- 9 REAL ESTATE access gardens that are so poorly maintained that the city on 10 June 23 fined Trump $10,000. VIEWPOINTS Privately owned public spaces are great when they work. FEATURES But many POPS are neglected or 12 POWER COUPLES poorly designed. That’s why the City Council just allowed Very few developers some along Water Street downtown to become retail spaces. Critics, including the Municipal Art Society, said the “have been required to city gave away a public good without getting enough back. upgrade the Such problems are often addressed piecemeal, but POPS infrastructure needed need a more comprehensive approach because the public benefit could be greater. The value of floor height is for more density measurable, the extra tax revenue collectible. Some of that should be reinvested in the infrastructure that is strained when taller buildings bring more commuters and residents into neighborhoods. “There’s been this constant cry for density, and yet very few developers have been required to upgrade the infrastructure needed to sustain the density we’re 25 GOTHAM GIGS calling for,” said Gina Pollara, president of the Municipal Art Society. “There’s such 26 EXECUTIVE MOVES a stress on public space that we’re spilling onto the streets.” 27 SNAPS The money for these upgrades already exists. Well-appointed and maintained public plazas increase the value of nearby buildings. The city captures that added CORRECTION value through property taxes, but the money gets gobbled up by the general fund. Commercial lawyer LAUREN RUDICK of Hiller PC is a gradu- ate of New York Law School. Her school affiliation was incor- There’s a better approach. The Bloomberg administration financed the No. 7 rect in “Hoping to buy low, sell high,” published June 20. extension through property-tax revenue that will be generated by the Hudson Yards development. Likewise, the proposed $2.5 billion streetcar connecting Brooklyn and Queens waterfront communities will be paid for by additional tax revenue that comes from the rise in these properties’ values if the streetcar is built. While Hudson Yards revenue has been slow in coming and the BQX streetcar is still just a proposal, tax-increment financing offers a blueprint, as does One Vanderbilt—the 67-story tower SL Green is being allowed to build near Grand Central in exchange for more than $200 million in infrastructure improvements. The city’s infrastructure is crumbling: Transit is overcrowded, and old power ON THE COVER lines and sewers remain vulnerable to outages and storms. The city can’t depend PHOTO: iStock on Albany. But the private sector can step up—and benefit from the upgrades that could make New York a better place to live and work.

DIGITAL DISPATCHES CONFERENCE CALLOUT JULY 20 Go to CrainsNewYork.com READ CRAIN’S Italian shoe company Aquazzura BUSINESS OF GARBAGE sued Ivanka Trump, claiming her fashion line knocked off one of its designs. Don’t miss the trash talk as Crain’s ■ dives into the money, politics A bill to give financial incentives for local and policies behind New York’s television productions to hire women and dirtiest industry and why minorities in writing and directoing roles the city and businesses still died in Albany. struggle with high costs and ■ President Barack low recycling rates. Obama named the > JOHN JAY COLLEGE OF site of the Stonewall CRIMINAL JUSTICE riots a national monument. 8:30 a.m. to 10 a.m. Businesses around the area [email protected] that saw a flood of mourn- ers after the mass shooting in Orlando will donate a portion of their profits. Vol. XXXII, No. 26, June 27, 2016—Crain’s New York Business (ISSN 8756-789X) is published weekly, except for double issues the weeks of June 27, July 11, July 25, Aug. 8, Aug. 22 and Dec. 19, by Crain Communications Inc., 685 Third Ave., LISTEN New York’s basketball follies, what New York, NY 10017. Periodicals postage paid at New York, NY, and additional mailing offices. Postmaster: Send address Brexit means for New York, and our inaugu- changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. ral power couples list. All on our podcast. For subscriber service: Call (877) 824-9379. Fax (313) 446-6777. $3.00 a copy, $99.95 one year, $179.95 two years. (GST No. 13676-0444-RT) CrainsNewYork.com/podcast

2 | CRAIN’S NEW YORK BUSINESS | JUNE 27, 2016 20160627-NEWS--0003-NAT-CCI-CN_-- 6/24/2016 8:46 PM Page 1

AGENDAWHAT’S NEW JUNE 27, 2016 New York’s basketball teams ignore basic business tenets at their peril

eorge Santayana famously said, “Those who cannot remember the past are condemned to repeat it.” It’s sage advice for any business. Unfortunately, New York’s two National Basketball Association franchises Ghave indeed forgotten their history, or at least the philosopher’s quote. Possibly both. A decade ago, the floundering New York Knicks leaped at an opportunity to acquire a onetime superstar point guard whose pro- ductivity had been crippled by injuries but who still looked good on a marquee. Today, only the most diehard Knicks fans recall Steve Francis—at pan out. They have since cut ties with both players and virtually BAD PLAN: Paul Pierce and least, those who have not repressed the memory of that psycholog- everyone else from that ill-fated team. Kevin Garnett ically scarring era in team history. Francis had $49 million remaining The outcome was no surprise to anyone familiar with NBA histo- delivered little on his contract and was a shell of his former self, which is why he ry. In the 1980s, after Cleveland Cavaliers owner Ted Stepien hob- and cost the Nets three top was available in the first place. His acquisition set back the rebuild- bled his team by continually trading first-round draft picks for mar- draft picks. ing effort that the Knicks were stubbornly trying to avoid. ginal veterans, the league forbade teams to give up their top selec- Last week, the team made a trade eerily reminiscent of the tions in consecutive years. But the Nets evaded the Stepien Rule by Francis debacle. It brought in Derrick dealing their 2014, 2016 and 2018 Rose, a former league MVP who has a $21 Trading for declining veterans rather picks. It was like wading past the million salary but hasn’t been the same than building for the future has been a no-swim line at the beach and since suffering a series of knee injuries. being pulled into a rip current. The move seemed more about selling losing strategy for the Knicks and Nets When teams seek short-term pricey seats and suites at Madison Square gains at the expense of long-range Garden than building a championship roster. success, it’s akin to companies making bad acquisitions to meet A day later, the Brooklyn Nets watched helplessly as the fast- their next quarterly earnings target. Better to build with vision and rising Boston Celtics chose a strong, young player with the third patience. Earlier this month, the Cavaliers won their first champi- overall selection in the NBA draft—one of three first-round picks onship on the backs of two players they had drafted first overall. gift-wrapped by the Nets in 2013 in exchange for aging, well- Big-name players sell tickets, but winning teams sell more—and compensated stars Paul Pierce and Kevin Garnett. The Nets were elevate a city. So, no more panic moves, please—New York hasn’t trying to make a splash upon moving to Brooklyn, but it didn’t enjoyed an NBA title since 1973. Just in case you forgot. — THE EDITORS

FINE PRINT Some 43% of New Jersey-based small and medium-size businesses surveyed by wealth management firm RegentAtlantic say they wouldn’t launch their companies there if they were starting over; many are considering a move to New York, where the corporate income tax rate is 7.1%, compared with 9%, and the estate tax exemption is $4.2 million versus $675,000—though New Jersey will raise it to $5 million by 2020.

BY GERALD SCHIFMAN STATS

25 WORDS OR LESS EVEN AS FEWER CARS traverse Manhattan than did a few years ago, vehicle transit has become so inefficient in midtown that biking and SLOW JAM even walking can be faster options. AND THE CITY AND THE They are trying to Vehicles per day entering Manhattan “ south of 60th Street in 2015, a 5.8% figure out how to 731,000 decrease since 2010 make the kind of Average vehicle speed in Manhattan south money again that of 60th Street in 2015, 12.1% slower than 8.22* in 2010 they once made. Average bike speed for weekday commutes Goldman is in a within the midtown core, 2.8 mph faster than box” 7.4* cars

—Author William D. Cohan on the Average speed of the westbound M42 bus on changing fortunes of Goldman 42nd Street between Second and Sixth Average person’s walking Sachs Group Inc., whose profits fell 3.2* avenues, including stops speed by 55% in the first quarter 3.1* *miles per hour

ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY SOURCES NYC Department of GETTY IMAGES Transportation, WesternITE

JUNE 27, 2016 | CRAIN’S NEW YORK BUSINESS | 3 20160627-NEWS--0004-NAT-CCI-CN_-- 6/24/2016 8:46 PM Page 1

AGENDA ICYMI CRAINS EDITOR IN CHIEF Rance Crain publisher, vp Jill R. Kaplan assistant to the publisher Devin Arroyo, 212.210.0701 EDITORIAL editor Jeremy Smerd assistant managing editors Erik Engquist, London’s Brexit pain is Peter S. Green, Jeanhee Kim, Robin D. Schatz web editor Amanda Fung Wall Street’s financial gain art director Carolyn McClain photographer Buck Ennis senior reporters Joe Anuta, Aaron Elstein, DECADE AGO Matthew Flamm, Daniel Geiger , London was poised to replace reporters Rosa Goldensohn, Jonathan LaMantia, Caroline Lewis, New York as the world’s financial capital. Addie Morfoot Mayor Michael Bloomberg even endorsed a data reporter Gerald Schifman web producer Peter D’Amato A editorial interns Kathryn Casteel, 2007 report that said New York needed to emulate how Harini Chakrapani London did business or risk losing further ground. columnist Greg David contributing editors Tom Acitelli, The 2008 financial crisis damaged London’s bid for global financial supremacy. Friday’s Brexit outcome Theresa Agovino, Erik Ipsen, ended it. Judith Messina, Cara S. Trager ADVERTISING Even before the Brexit vote, London had been seeing business evaporate. The city’s share of the world’s ini- www.crainsnewyork.com/advertise advertising director Irene Bar-Am tial public offerings had slipped to 8% from 2007’s 13%. London today accounts for about 1% of the world’s [email protected] or 212.210.0133 stock-trading activity and 4% of syndicated loans, compared with 18% and 53%, respectively, for New York. senior account managers Fears that even more financial activity will migrate to Frankfurt, Hong Kong or New York drove down shares Zita Doktor, Jill Bottomley Kunkes, Rob Pierce, Stuart Smilowitz in U.K.-based banks Barclays, Royal Bank of Scotland and Lloyds by more than 20% Friday. New York-based senior marketing coordinator LeAnn Richardson banks such as Goldman Sachs, Morgan Stanley, JPMorgan Chase and Citigroup fell by less than half as much. sales/events coordinator Ashlee Schuppius 212.210.0282 The U.K. has been New York’s largest source of tourists for many years, accounting for 1.2 million or about [email protected] 10% of all international visitors. With the pound at a 30-year low, British tourists are expected to rein in spend- ONLINE general manager Rosemary Maggiore ing. Tiffany & Co. does 40% of its European business in Britain: Its shares fell by 5% June 24. 212.210.0237 [email protected] The 2007 McKinsey report also praised the British capital for its easygoing approach to regulation and—hard CUSTOM CONTENT to believe now—immigration. director of custom content Patty Oppenheimer 212.210.0711 “The European Union’s free movement of people, for instance, is attracting more and more talent- [email protected] custom content manager ed people to their financial centers, particularly London,” the report read. Giovanni Perla [email protected] — AARON ELSTEIN EVENTS Goodbye to all that. www.crainsnewyork.com/events director of conferences & events Courtney Williams, 212.210.0257 ‘Broken windows’ faulted startup expects to roll out market- [email protected] DATA POINT manager of conferences & events The Department of Investigation places for basketball, football and soc- BURGLARIES AT PUBLIC HOUSING Adrienne Yee found that the enforcement of quality- cer later this year. AUDIENCE DEVELOPMENT of-life penalties does not reduce vio- DEVELOPMENTS ROSE 26%, RAPES director of audience & content lent crimes despite the NYPD’s claim 9/11 memorial head steps down partnership development ROSE 24%, AND FELONY ASSAULTS Michael O’Connor, 212.210.0738 that it does. Police Commissioner Bill Joe Daniels, president and CEO of the [email protected] Bratton called the report “useless,” INCREASED 11% IN THE FIRST FIVE National September 11 Memorial & CRAIN’S 5BOROS prompting the report’s authors to Museum, will leave later this year. He www.5boros.com MONTHS OF THIS YEAR OVER LAST Irene Bar-Am, 212.210.0133 respond, “We strongly disagree.” But has led the memorial since 2005 and YEAR. THE MAYOR’S OFFICE CITED A [email protected] Mayor Bill de Blasio mostly backed oversaw the transformation of the REPRINTS Bratton. Both have long supported the PROGRAM URGING PEOPLE TO World Trade Center site. In a letter to reprint account executive Krista Bora policing strategy. the board, Daniels said it was “the 212.210.0750 REPORT DOMESTIC VIOLENCE. PRODUCTION right time for a new leader and a new production and pre-press director Macy’s CEO to leave challenge.”— AMANDA FUNG Simone Pryce Longtime Macy’s head Terry Lundgren media services manager Nicole Spell will step down as CEO early next year. SUBSCRIPTION CUSTOMER SERVICE www.crainsnewyork.com/subscribe His departure comes as the depart- with using confidential information [email protected] ment store reports disappointing sales from a former U.S. Food and Drug 877-824-9379 (in the U.S. and Canada). $3.00 a copy for the print edition; or $99.95 and a 54.1% drop in its share price Administration official to pocket $32 one year, $179.95 two years, for print since last year, and says profits and million illegally. After the allegation, subscriptions with digital access. revenue will continue to decline. Jeff Visium announced it would shutter— to contact the newsroom: www.crainsnewyork.com/staff Gennette, the company’s president, the largest fund closure since Steve 685 Third Ave., New York, NY 10017-4024 will succeed Lundgren, who will Cohen’s SAC Capital. phone: 212-210-0100 fax: 212-210-0799 remain executive chairman. Entire contents ©copyright 2016 Downtown retail boost Crain Communications Inc. All rights reserved. ®CityBusiness is a registered Lab takeover Public corridors in front of 20 buildings trademark of MCP Inc., used under license agreement. Northwell Health is taking over Coney on Water Street can be rebuilt into Trump gets benched CRAIN COMMUNICATIONS INC. Island Hospital’s troubled laboratory. retail space, the City Council ruled, Trump Tower was fined $10,000 BOARD OF DIRECTORS The city’s public hospital system could after the area’s business improvement chairman Keith E. Crain for failing to return a 22-foot-long not improve the lab’s operations fol- district pushed for the change. Critics president Rance Crain stone bench to its lobby after treasurer Mary Kay Crain, Cindi Crain lowing a 2013 incident in which an 84- said it sets a dangerous precedent by executive vp, operations William Morrow year-old patient died after receiving allowing landlords to profit from neither the presumptive GOP executive vp, director of strategic presidential nominee nor a operations Chris Crain the wrong blood type in a transfusion. spaces that were set aside for the pub- executive vp, director of corporate NYC Health + Hospitals said the lic. But Councilwoman Margaret Chin, representative showed up for an operations K.C. Crain change will not result in any loss of D-Manhattan, said these particular administrative hearing. The senior vp, group publisher David Klein vp/production, manufacturing David Kamis jobs at Coney Island. spaces were not well used. missing bench was one of several chief financial officer Thomas Stevens public amenities Trump was chief information officer Anthony DiPonio Finance exec suicide New ticket seller offers rebates required to provide at the Fifth founder G.D. Crain Jr. [1885-1973] Avenue building in exchange for chairman Mrs. G.D. Crain Jr. [1911-1996] A high-flying hedge fund manager GameHedge is giving baseball fans a secretary Merrilee Crain [1942-2012] accused of insider trading committed chance to recoup half the cost of tick- being allowed to add 20 stories to suicide. Sanjay Valvani, 44, of Visium ets when the home team loses by five the pink-marble-decorated tower.

BUCK ENNIS, GETTY IMAGES Asset Management, had been charged or more runs. The Manhattan-based

4 | CRAIN’S NEW YORK BUSINESS | JUNE 27, 2016

20160627-NEWS--0006-NAT-CCI-CN_-- 6/24/2016 8:05 PM Page 1

AGENDA POLITICS

OUT OF POLITICAL LIFE, Quinn has quietly flexed her Second time could be the power. charm for Christine Quinn

Best-positioned de Blasio challenger may be the one most under the radar BY EDDIE BORGES

he next citywide election is director of the homeless-services and president of the National 16 months away, but with organization Women in Need. Institute for Latino Policy. polls showing Mayor Bill de The strategy has also worked for An organization that Blasio’s support at an all- Quinn before. She first made a name proved damaging to Quinn’s Ttime low, potential challengers have for herself running Tom Duane’s 2013 bid won’t be a factor in been clamoring for attention. campaign to become the first openly 2017, Kirtzman predicted. Yet perhaps the most viable one gay man elected to the City Council. NYCLASS, a political action has managed to keep her name out of When an epidemic of violence against committee that ran anti- the speculative talk: Christine Quinn. gays and lesbians hit the city, Quinn Quinn ads because she sup- The former City Council speaker rode the leadership of a little-known ported the horse-drawn has clearly learned a lesson from nonprofit to become the issue’s top carriage operation in Central Park, is Party.” In a primary with three or peaking too early in a campaign. At advocate in the city. When Duane the subject of another federal more candidates, 40% is enough to this time four years ago, Quinn had a moved on to the state Senate, she investigation. win without a runoff. The mayor can 10-point lead on the pack of snared his City Council seat. One curious dynamic is that while campaign on low crime, job creation Democrats looking to succeed guiding Quinn’s career, Cuomo has and prekindergarten expansion. Michael Bloomberg. When the only A mentor in Cuomo also been promoting another poten- That said, Quinn’s political hori- poll that counts closed on primary Cuomo is the perfect mentor for a tial de Blasio challenger: Diaz, the zon looks rosier than ever. She enjoys day, she came in third. comeback. Following a humiliating Bronx borough president. But Falcón support from powerful kingmakers This time Quinn is leaving the withdrawal from his first governor’s said that could be a Machiavellian Cuomo, Bloomberg and the next fight for polling numbers to fellow race in 2002, he bided his time, run- move that helps Quinn by peeling off Democratic leader of the U.S. Senate, Democrats city Comptroller Scott ning successfully for attorney gener- Puerto Rican and Dominican support Charles Schumer—the guest of honor Stringer, Public Advocate Letitia al in 2006 and for governor in 2010. from de Blasio. at a May fundraiser that raised about James, Rep. Hakeem Jeffries of Quinn took a hiatus from politics “Diaz has zero name recognition $2 million for Quinn’s nonprofit. Brooklyn and Borough Presidents upon losing the mayoral primary in outside the Bronx and no relevant (However, the three men are not Eric Adams of Brooklyn and Ruben 2013, but Cuomo pulled her back in experience—he’s never negotiated a likely to endorse a Democratic chal- Diaz Jr. of the Bronx. by naming her a senior adviser and, budget,” said Falcón, who has con- lenger.) Meanwhile, the day after Hillary last month, vice chair of the state ducted close analyses of the city’s Clinton became the presumptive Democratic Party. minority vote since the mid-1980s. Will she run? Democratic nominee for president, The landscape has fundamentally “All people know is that the Bronx is Although Quinn won’t publicly Quinn appeared as her surrogate on changed in Quinn’s favor since 2013, one of the poorest counties in the discuss a campaign, the trappings of CNN, as she had been doing for said Andrew Kirtzman, a former polit- U.S. The only purpose of a Diaz cam- one are present. A message left at nearly four weeks. ical reporter and author who advises paign would be to aid Quinn.” Women in Need requesting an inter- The next morning, after U.S. candidates across the country. Falcón said Quinn would be a view with Quinn was returned within Attorney Preet Bharara revealed that “The problem Christine Quinn strong candidate because “she’s very four minutes by a senior vice president the central figure in his investigation had last time was a lack of rationale close to the governor, she helped run at SKDKnickerbocker, the political of de Blasio’s fundraising is a cooper- for why she should be elected the city during one of the most effec- consulting firm that managed her ating witness, Quinn was the host for mayor,” he said. “This time she has tive periods of governance in its histo- mayoral campaign. SKDK’s Mike the day on Fox 5’s Good Day New one: to restore effective government ry and she’s running a major nonprof- Morey, a former Schumer spokesman York. For Quinn, the timing could to City Hall.” it working on a hot-button issue.” and director of communications for not have been more propitious. With the passage of time and de But Mark Green, a former public Quinn’s 2013 campaign, said she put The former speaker is following a Blasio’s fundraising under investiga- advocate and veteran of city politics, is the firm on contract immediately upon comeback path paved by her political tion, Quinn’s close relationship with skeptical. “It is extremely difficult for joining Women in Need. He offered no mentor. In the early 1990s, Andrew Bloomberg would presumably not hurt anyone to unseat an incumbent,” said comment on her political future. Cuomo, his reputation tarnished by her candidacy the way it did in 2013. Green. “Despite his self-inflicted Another senior Quinn adviser, who dubious dealmaking, famously “New Yorkers would love to see a wounds, Bill de Blasio is a genius at asked to remain anonymous, was rebuilt it as an advocate for the return of a Bloomberg-style govern- winning 40% of the Democrats who unequivocal on whether Quinn was homeless. After her disappointing ment now that we’ve seen the alterna- turn out in a primary because of his prepared to run for mayor again if the campaign, Quinn became executive tive,” said Angelo Falcón, the founder control of the Working Families opportunity arose: “Absolutely.” Ⅲ

Trump offends his workers His employee took it personally. other side and then they would come “I don’t accept what Trump is talk- over. They did it the right way.” Non-natives take anti-immigrant stance personally BY ROSA GOLDENSOHN ing, because this is about me too,” But immigration expert and she said. “He makes the millions of Queens College sociology professor t a speech at his epony- The worker, who hails from dollars because of us, because we Pyong Gap Min says U.S. immigration mous SoHo hotel last week, Eastern Europe, said that many of work very hard.” regulations are more stringent today Donald Trump railed her co-workers come from Latin Outside the hotel where Trump than a century ago. against waves of immi- America, Africa or Haiti and are spoke, supporter Emily Fanuele, 65, “It was much easier to come here,” Agrants who he says steal low-wage “very, very, very disappointed” in lauded the candidate’s message. The Min said. “The immigration office jobs from “Americans, Americans, the Trump’s immigration stance. lifelong Spring Street resident said didn’t check very closely at that time.” people who we love, Americans.” In his speech, the presumptive she looks forward to Trump bringing However, immigrants in that era It was more than one immigrant Republican nominee for president America “back to the way it was.” faced stronger animosity from worker at a Trump city hotel assailed Hillary Clinton’s “Wall “Listen, my parents came over Americans than they do today, could bear. Street immigration agenda,” saying from Italy,” Fanuele said. “They had according to Min. “I was crying,” the worker said, his Democratic rival “can’t claim to to have sponsors here to say that they “Earlier, Jews, Italians, Poles, speaking on condition of anonym- care about African-American and could support them and they would- Catholics, non-Protestant immigrants, ity. “People who work in his hotel, Hispanic workers when she wants to n’t be taking any jobs away from the they had a hard time,” Min said. “There we wonder, do you want to move us bring in millions of new low-wage people here. And they would save was more racism, nativism before than Ⅲ AP IMAGES from this country?” workers to compete against them.” their money and send it over to the right now.”

6 | CRAIN’S NEW YORK BUSINESS | JUNE 27, 2016 P007_CN_20160627.qxp 6/24/2016 9:06 PM Page 1

AGENDA RETAIL Industry City hopes lengthy food court makes it a foodie and fashionista mecca Innovation Alley retail and food corridor will run through nine buildings BY DANIEL GEIGER

he owners of bar is also being chief executive of pizzeria. walks being added to the people visiting Industry Industry planned. Belvedere Capital, an Brooklyn Brine, a site’s side streets. From City now on the week- City, the “We’re curating the owner of Industry City. pickle maker that makes November to May, the ends, and that number is once mori- retail to offer food and A food hall at one end and sells its products on Brooklyn Flea and going to grow,” said Tbund waterfront in- goods that are made here of the corridor already the ground floor of Smorgasburg set up in Michael Phillips, presi- dustrial zone that’s and that you can’t get features eateries includ- Building 5, is not in the Industry City, which dent of Jamestown, now a byword for anywhere else,” said ing One Girl Cookies, alleyway, but hopes to brings more visitors. another owner of Brooklyn’s hip maker Glen Siegel, founder and Burger Joint and Table 87 benefit from raised side- “We have 10,000 Industry City. crowd, say they are spending $8 million to build a 1,200-foot- long corridor lined with retail space through the center of nine of the complex’s Robert Morehardt CEO 16 buildings. TEC-CAST The passageway, dubbed Innovation Alley, is to be complet- ed next year. When fin- ished, it will hold about 125,000 square feet of new retail space at rents from $35 to $80 per square foot. The owners say they hope the indoor metro mall will attract the foodies and fashionistas who already buy the products made in Industry City. So far, several spaces have been leased. Shaping a Tenants include: ● Flower shop Rose Red & Lavender with bright future. 1,500 square feet ● Moore Brothers Wine Company with 2,500 feet ● Espresso and coffee-machine maker Steampunk, with 4,000 Understanding feet for a coffee bar and manufacturing space ● Flavor Paper, a what’s important. custom-wallpaper maker, with 5,000 feet for a showroom and manufacturing space ● Co-working space Tec-Cast prides itself on creating complex aircraft investment castings as well as good jobs in New Jersey. And they were from two of the co- founders of Milk looking for a banking partner that could help them continue to grow. At M&T Bank, we took the time to learn the ins and Studios, with 8,000 feet outs of this specialized business, and are now involved with their expansion plans. Our eagerness to help businesses like (the as-yet un-named Tec-Cast is why M&T is a leading SBA lender1 in the country and why we’ve been recognized by Greenwich Associates for company is also taking 2 12,000 square feet at excellence in small business banking. To learn how M&T can help your business, visit mtb.com/businessbanking. basement level for a coffee shop and print- ing center) ● Hometown Bar-B- Que with 5,000 feet for a 100-seat barbecue hall ● Li-Lac Chocolate, which already has a LENDING SOLUTIONS | MERCHANT SERVICES | TREASURY MANAGEMENT | DEPOSITORY SERVICES manufacturing and Equal Housing Lender. retail space in the cor- 1According to statistics released by the U.S. Small Business Administration (SBA) for total approved loans through the SBA’s 7(a) lending program during the federal fiscal year ending 9/30/2015. ridor. 2Based on the 2015 Greenwich Excellence Awards in Small Business Banking. A 6,000-square- ©2016 M&T Bank. Member FDIC. foot gym with juice

JUNE 27, 2016 | CRAIN’S NEW YORK BUSINESS | 7 20160627-NEWS--0008-NAT-CCI-CN_-- 6/24/2016 1:26 PM Page 1

AGENDA WHO OWNS THE BLOCK

STATEN ISLAND FERRY

Rezoning a gritty stretch of Staten Island North Shore car repair shops could give way to 16-story buildings, 6,000-plus residents

BY TOM ACITELLI

230 BAY ST. he de Blasio administration’s plan to City records show Brian Chasin rezone 45 acres of Staten bought the one-story, 3,000- Island’s North Shore aims 57 VAN DUZER ST. square-foot commercial building, to encourage new hous- which currently houses a Rent- Investor John Decoursey bought this 2,028- 181–215 BAY ST. A-Center, in March 2011 for Ting, including affordable housing, square-foot, three-unit apartment building in The Angiuli Group LLC, led by $1,252,025 through a Harrison, May 2005 for $680,000. It was transferred in but it has some residents concerned N.Y.–based LLC. He could not be Staten Island attorney Gary 2012 to a Staten Island–based LLC called that an influx of newcomers will reached for comment. Angiuli, has owned this York-Vanduzer for an undisclosed sum. 100,000-square-foot com- strain an area of vacant storefronts. Decoursey has invested in Brooklyn and Staten mercial complex since the The rezoning proposal centers on Island buildings since the 1990s. 1970s. Tenants include 14 blocks along Bay Street, from Flagship Brewery and the future DaddyO’s BBQ, open- Victory Boulevard to Sands Street and from Van ing this summer. Angiuli Duzer Street to the Staten Island Railway said the rezoning is “design- tracks. It includes five nearby city-owned lots ing a neighborhood for 20 years of growth.” and a two-block area around Canal Street to the southwest. 300 BAY ST. It calls for as many as 2,569 apartments (1,039 of them affordable) and 595,454 This 23,000-square-foot vacant lot has not sold 248 BAY ST. square feet of commercial space. Buildings since at least 2001. It’s owned by the Angiuli Group LLC, which is conducting a feasibility study could rise as high as 165 feet, or 16 stories. Almutasem Shehada, a Brooklyn- for development here. based private investor, bought the That stretch of the Bay Street corridor is 1,320-square-foot gas station currently zoned for manufacturing and in March 2009 for $150,000 primarily comprises auto repair shops, gas sta- and is listed as the owner. tions and warehouses. More than one-fifth of its storefronts are vacant, according to media reports. This is where Eric Garner died from a 391 BAY ST. police choke hold in July 2014. The Parisi family has owned the one- 270 BAY ST. Residents agree rezoning could improve the story, 15,050-square-foot commercial property since at least 2007. No sale AutoZone owns the area, just south of the Staten Island Ferry ter- price is recorded with the city. one-story, 7,800- minal, but some fear the affordable housing square-foot building, won’t be affordable enough and warn that more which houses an outlet of the auto supply and residents will overburden sewers and roads. repair shop. The build- The housing would push the residential ing has not been sold population in the rezoned area to 6,911 from since at least 2001. 32, and the number of people who work 430 BAY ST. there could rise to 2,673 from 1,434, accord- The two-story, 6,595-square-foot commercial ing to city studies. building has not traded since at least 2001, according to Reonomy. The city’s property- “Has anyone researched the ancient records search engine, ACRIS, has no record of sewer system?” asked Nicholas Scilari, the property. The Department of Finance says it chairman of the local community board. belongs to 420 Bay Street LLC. “How much flow can it handle?” 385 BAY ST. Scilari said the city has yet to adequately The Parisi family has also address this and other potential challenges. 365 BAY ST. owned this one-story, 30,000- “Maybe they’re working on it, but we would The two-story, 27,759-square-foot office square-foot commercial prop- just like to know about that beforehand.” building was constructed on spec in 2007 erty for years. Again, no sale price is recorded with the city. Should the rezoning move forward, it would and never landed a tenant. An LLC dramatically alter the character and desirability acquired it in November 2015 for an undisclosed sum. The property’s previous of an area unused to property trades—and owners included Alexander Litt, who, with unable, in the case of 365 Bay St., to draw an uncle, Roman Litt, pleaded guilty in tenants to new development. Ⅲ 2010 to federal charges of conspiracy to harbor aliens and money laundering. The pair were part of a multistate scheme to provide hotels with immigrant labor in exchange for kickbacks. Both were sen- tenced to 56 months in prison in 2011. GOOGLE MAPS, BUCK ENNIS

8 | CRAIN’S NEW YORK BUSINESS | JUNE 27, 2016 20160627-NEWS--0009-NAT-CCI-CN_-- 6/24/2016 1:24 PM Page 1

REAL ESTATE FULL DISHWASHERS MAKE FOR HAPPIER ELECTRIC BILLS. Feeling jilted over stilted skyscraper Trick used to build higher angers neighbors BY JOE ANUTA AND DANIEL GEIGER

plan to jack a new condo tower 155 feet above its neighbors has sparked a millionaires’ catfight over views, values and city building regulations. AManhattan developer JD Carlisle, partnering with Shanghai investor Fosun Group, is using a new and increasingly common trick in the archi- tectural playbook, effectively putting its building on stilts and vaulting the property over the roofline of a neighboring hotel to give each of its apartments a view of the New York City skyline. The first floor of apartments in the tower at 30th Street and Madison Avenue will be 155 feet above the street, and the building will top out at 760 feet—more than 70 stories high by conventional measures. The apartments will rise that high by resting on a series of floors, some as much as 44 feet high, that house ventilation and other systems, Electricity is important. And to help you use it wisely, we offer over a hundred themselves perched on a 23-foot base. tips to use less power. As well as energy calculators that estimate what those That has residents of a conventional 55-story condo building, called the Sky House Con- tips can save you. Visit conEd.com/WaysToSave for details. dominium, up in arms. Their views would be marred by the new tower. Planning expert George Janes, who’s been hired by Sky House, noted the height-raising design in an April 25 letter to the Department of Buildings. “The proposed building has an extremely large ‘structural void,’ ” he wrote in a complaint being reviewed by the department. Janes wants the city to force a redesign of the tower. “Right above the base, you have essentially a monolith that goes up to 15 stories,” Janes said. “This violates all kinds of urban design standards: You want eyes on the street; you want windows and transparency to give the street vibrancy.” Fosun declined to comment; JD Carlisle did not respond to a request for comment by press time. YOU! Building on stilts is the latest method developers are using to raise the height of their residential projects. At 220 Central Park South and 520 Park Ave., mechanical spaces are housed at the bases of the buildings on floors with ceilings at least 20 feet high. Raising the ceiling height doesn’t count against the square footage that a developer is allotted, creating a pedestal to give the buildings more high-floor apartments whose expansive views command higher prices. “Developers are making a bet that the pre- mium they will get by moving the units upward is going to outweigh the cost,” said a New York developer who’s not associated with the Madison Avenue project. “It’s a simple bet—and it’s probably a safe one.” The planned tower is so close to the next- door Chandler Hotel that its apartments would not have the minimum legal amount of sun- light unless it is extended above its neighbors. The Sky House condo association could not be reached for comment, but an advertisement on listings website StreetEasy indicates that units there boast “sensational views of the city.” In April, a two-bedroom apartment at Sky House listed for $3.7 million went into contract. In May, the city stopped work on developer DDG’s East 88th Street condo tower after Janes www.grassicpas.com noted that a rear yard had been carved out of the building’s footprint against city code so DDG 50 Jericho Quadrangle, Jericho, NY 11753 (516) 256-3500 10 Esquire Rd., Suite 4, New City, NY 10956 (845) 634-5300 could add more space at the top. Ⅲ

JUNE 27, 2016 | CRAIN’S NEW YORK BUSINESS | 9 20160627-NEWS--0010-NAT-CCI-CN_-- 6/24/2016 1:25 PM Page 1

AGENDA VIEWPOINTS

Beyond NYPD corruption charges lie some troubling notions The allegations suggest the police want businesses to pay for service

MEDIA COVERAGE of and special events and ticket fixing to review the footage but he would District disputes either at the arrest of two from high-ranking NYPD officials need $5,000 or more to compensate Harrington’s direction or because he senior NYPD com- James Grant and Michael the officers who would do the work. believed if he didn’t, Harrington manders on bribery Harrington. (Media reports say The matter was ultimately dropped, would make his life difficult. charges has centered Rechnitz is “Cooperating Witness but it seems that Reichberg, at least, It is important to remember this is on salacious details 1” in the complaint, has pleaded thought such payments routine. not a de Blasio administration scandal. and favors that were guilty and is cooperating Or consider the many It began in the Bloomberg administra- less than earth- with investigators. The ways Harrington helped tion, and Commissioner William GREG DAVID shattering. three other men have Reichberg’s business. When a Bratton insists the NYPD’s Internal Two business- pleaded not guilty.) competing firm in the jewelry Affairs unit began an aggressive inves- men donning elf hats to drop off But other incidents $5K market hired an off-duty tigation as soon as it was tipped off. He Christmas presents for officers’ alleged in the complaint raise AMOUNT police officer for security, also says that the corruption detailed wives and children. A private jet important questions about sought for Harrington had the officer in the charges does not compare with chartered for a Las Vegas Super how businesspeople get cops to track disciplined. When a customer the wrongdoing exposed by the Knapp Bowl weekend with a prostitute action from the NYPD and a lost watch was slow in returning a Commission in the 1970s or the available for all those on the jun- whether the police unfairly borrowed $250,000 diamond, Moreland Commission in the 1990s. ket. The payment of many expenses help some firms at the Harrington directed the com- Bratton may be right, but if so, he for a family vacation in Chicago. expense of others. manding officer of the local precinct needs to reassure members of the In return, a federal complaint In September 2013, for example, an to dispatch an officer to make sure the city’s business community that they says, the businessmen, diamond associate of Rechnitz left a $50,000 stone was returned, which he did. will be treated fairly and won’t have to merchant Jeremiah Reichberg and watch in a livery cab and wanted the The most worrisome part of this pay the police for doing their jobs. Ⅲ real estate executive Jona Rechnitz, police to review video camera footage story is that the commanding officer got police escorts to airports, access to track down the vehicle. Reichberg is quoted in the charges as saying he GREG DAVID blogs regularly at to privileged positions at parades told Rechnitz he could get the police had repeatedly settled Diamond CrainsNewYork.com.

Mayor’s ferry program at risk of running aground

Expansion plan lacks boats, time and proper oversight BY TOM FOX

ayor Bill de Blasio is bet- The Economic Development Corp. was ting big that his pro- chosen to lead the project and negoti- posed citywide expan- ate with the selected bidder, even SCHEMATIC, OR JUST A SCHEME? The city has only renderings of its new ferries, and the sion of ferry service will though the City Charter gives over- writer says the rushed plan to build them is fraught with problems. Mtransform waterborne transportation sight of municipal ferries to the in New York City. But some basic Department of Transportation, whose problems make his wager a long shot. ferry division boasts maritime profes- The Jones Act requires that ves- service facilities or trained techni- They include an unrealistic time sionals with years of experience in sels operating within the coastal cians in the New York area. frame, the wrong lead agency, the ferry construction and operations. waters of the United States be built Will the product be a chimera? Or if selection of an inexperienced operator Three local ferry operators with in America. All shipyards in the the boats do materialize, will the city with no ferries, and poor planning. He more than 45 years of combined country with experience construct- end up with a fleet with production risks squandering a once-in-a- commuter-ferry experience, 48 ves- ing quality, high-speed aluminum problems, a short life span and high lifetime opportunity and a lot of public sels, 500 maritime professionals in ferries are booked for the next year operating and maintenance costs? money. New Yorkers deserve better. the harbor and repair and refueling or two, and there’s a very limited Just as troubling is the potential to For the past 30 years, private ferry facilities in Brooklyn and New Jersey supply of proven marine engines. jeopardize the East River Ferry. EDC operators have brought life back to bid together, given the tight time Usually, when purchasing a series bought the successful operator out of our waterways—in the process frame. Yet EDC selected California- of vessels of this scale, the first one is the existing contract for $20 million increasing mobility, reducing traffic based Hornblower Cruises, which delivered about a year after the con- and replaced it with the new vendor congestion, spurring waterfront runs tour boats and dinner cruises in tract is signed, and subsequent boats and a lower fare. The new boats being development, enhancing emer- the harbor but has no commuter- come every six months. As the initial built are too small to service the East gency preparedness and fostering ferry experience and no ferries. one enters operation, any modifica- River on summer weekends, when the recreational opportunities. (Disclosure: I co-founded one of the tions that prove useful can be incor- current operator uses 400-passenger Investments by the city and the losing bidders but am no longer porated into the following vessels. ferries that are filled to capacity. Port Authority in docks and other involved in the company.) The citywide service is supposed to The mayor is taking a huge gamble infrastructure have supported ferries’ Apparently City Hall wanted new start next June with nine new ferries. on a new ferry service but seems to be growth. The East River Ferry—the first boats for the service. It even stipulated How will that be possible? stacking the deck against New city effort to provide sustained operat- in the contract that the city would buy With no experienced shipyards or Yorkers. Ⅲ ing subsidies for private service—has the vessels if the selected operator proven marine engines available, EDC been a great success, and the industry proved incapable or the contract and the vendor will use three inexperi- Tom Fox is a founder of New York Water was thrilled when the mayor decided expired and was not renewed. That enced yards to build the vessels and Taxi (2001–2011), a past president of to greatly expand the ferry network. sounds like hedging their bets. If only buy engines from France that have international ferry trade association However, the way City Hall is City Hall realized what it takes to build never been used commercially in the Interferry and a board member of the

INCAT CROWTHER implementing the project is confusing. and maintain quality ferries. Americas. These engines have no Worldwide Ferry Safety Association.

10 | CRAIN’S NEW YORK BUSINESS | JUNE 27, 2016 20160627-NEWS--0011-NAT-CCI-CN_-- 6/24/2016 1:25 PM Page 1

AGENDA VIEWPOINTS

amenities for additional these public spaces that advocate for public Kill cap on food permits building area was resulted in renewed space. introduced over 50 interest by some build- Ironically, Paley Park, to end the black market years ago, the city has ing owners to improve arguably the best of the Readers also opine on bridge tolls,Trump’s secret garden been playing catch-up them. However, it three pocket parks you with building owners more importantly profile, did not result who either neglect showed that agree- from the legislation at RE “IN SEARCH of the hot ‘POPS’ PROBLEM spaces to ensure that or try to claw back ments that produce the center of the article. dog millionaire,” June GOES BEYOND TRUMP their owners follow these spaces. spaces that straddle RICARDO ZURITA 13: The problem is no As “Trump’s secret through on their ini- The revamping of both private and public MANHATTAN one understands the garden” (June 20) tial promise is a lost the rules in 2007 allow- will be in a perpetual The writer is an architect industry. Vending suggests, the conun- cause. Since the legis- ing building owners to tug-of-war between who has designed isn’t a career—it’s drum of policing pri- lation for the introduce revenue- the competing interests privately owned public what you do when vately owned public exchange of public generating cafés in of real estate and those spaces. nothing else is available. That’s why about six times as wpbid.com/smartmove many food-operator licenses have been issued as food-cart permits. There’s only one way to fix this, and that’s to remove the caps on permits and eliminate their value. The permit owners today don’t own carts and aren’t going to buy one. The number of carts on the streets may initially spike, but within a year or two there would actually be fewer carts on the streets. DAN ROSSI

WHY ONE-WAY TOLLS? I totally support the Fair Plan (“Road- pricing plan gains key supporter,” CrainsNewYork.com) and am happy to see a reduction in the toll for Staten Island residents. DOWNTOWN WHITE PLAINS However, it is past time to do away with the one-way toll on the Verrazano-Narrows A SMART MOVE Bridge. With high- speed E-ZPass available, there is no reason to give a free ride to FOR YOUR BUSINESS trucks (and cars) pass- ing through the city, entering via Staten • 25 miles from NYC Island and exiting via the Holland Tunnel. Since the one-way • Easy walk to Metro-North & only 35 minutes to Grand Central toll began, maybe half a billion dollars in toll • Class A rents in the mid-$30s sf; Class B’s in the mid-$20s revenue has been lost. There’s also a hidden financial and health • Top 100 Best Places to Live toll on residents and businesses in lower • Over 2,000 new housing units currently in development Manhattan. The severe Canal Street and Broome Street • Vibrant restaurant & nightlife scene backups started the day the one-way toll was implemented. I Want to cut your NYC rent in half? Contact Kevin Nunn, Executive Director, White Plains Business Improvement District, hope people realize it at 914.328.5166 (Ext. 5) or [email protected] or visit wpbid.com/smartmove for more information. is no longer needed. LORA TENENBAUM

JUNE 27, 2016 | CRAIN’S NEW YORK BUSINESS | 11 20160627-NEWS--0012,0013-NAT-CCI-CN_-- 6/24/20163:28PMPage1

GETTY IMAGES 12 | RI’ E OKBUSINESS YORK CRAIN’S NEW what [email protected]. lege age. for details).Andasignificantnumber,sevencouples, metwhilestudentsorofcol- ples). Anoverwhelmingmajority,18,areworking parents(seeCrainsNewYork.com and thosewhoseworkunfoldsincompletelyseparate professionalspheres(fourcou- couples); thosewhoseworkintersects(eightcouples, suchasajudgeandlawyer); one-half wasnotenoughtomakethecut. not. Andtherearedual-workingcouplesforwhomthelevelofpowerorinfluence households, some(notablyMayorBilldeBlasioandfirstladyChirlaneMcCray)were powerful coupleswereexcludedfromthislistbecausetheysingle-earner on thelist,butkeepinmindthatrulesofpowerarenothardandfast.Whilemany law, finance,fashionandentertainment.Thatmayleaveyousurprisedbywhoisnot reflect thevibrancyofNewYorkbusinessacrossrealestate,politics,tech,sports, and not—thatshapethecharacterofcity. gible impacttheirworkandextracurricularliveshaveonthebusinesses—forprofit charitable givingandnetworth.Andwe’veconsideredthosesumsagainsttheintan- ed NewYorkers,andeachyearwerecognizethefastest-growingcompanies. partnered withtechstartupRelationshipSciencetorankthetop200mostconnect- duced ourbiennial50MostPowerfulWomeninNewYork2007.Twoyearsago,we influential NewYorkersforyears,beginningwith40Underin1988.Wefirstpro- arguably greaterthanwhateithercouldhaveachievedalone. City throughworkorphilanthropy.Bonuspointsiftheinfluenceofcouplewas W Did wemakeagoodcaseforthe20PowerCouples inNewYorkBusiness?Tellus Our 20couplesfallintoroughlythreegroups:thoseinthesamelineofwork(eight This isnotanexhaustivelist.Rather,we’vestrivedtoidentify20coupleswho For ourinauguralPowerCoupleslist,weweighedrevenueandbudgetfigures, Quantifying powerisanartandscience. | UE2,2016 JUNE 27, created spheresofinfluenceandhadanimpactonNewYork ently, oratleastthroughtheirownmerits,beensuccessful, We soughtmoderncoupleswhosetwohalveshadindepend- in thecityisamust,butlivingfiveboroughsnot. not aprerequisite,nor,certainly,isbeingstraight.Working hat makesapowercoupleinNewYorkbusiness?Marriageis Crain’s — THEEDITORS has beenmeasuringthereachof 20160627-NEWS--0012,0013-NAT-CCI-CN_-- 6/24/2016 3:29 PM Page 2

HOW THEY MET At the Yale Law BILL Founder, Clinton Foundation School library in 1970, she noticed CLINTON 69 him looking at her. After they exchanged glances several times, she walked over to him and said, “If 1 you’re going to keep looking at me, and I’m going to keep looking back, HILLARY Presumptive nominee of the we might as well be introduced—I’m CLINTON 68 Democratic Party for president Hillary Rodham.” They were married of the United States five years later.

s the 42nd president of the United States Hillary Clinton made Brooklyn the headquarters and expected nominee for 45th president, for her 2016 presidential campaign. Athe Clintons may be the most powerful The Clintons’ spheres of influence include power couple in the world. She has been first other New Yorkers who have worked for or with lady, two-time U.S. senator from New York and them, and whose positions of power directly U.S. secretary of state. Post-presidency, he affect New York business: Hillary served along- founded the Clinton Foundation with a broad side Sen. Charles Schumer; both Gov. Andrew mission to solve health, education and global Cuomo, as secretary, and Mayor Bill de Blasio, as problems; at the end of 2014, it had $439.5 mil- regional director, were appointed to the U.S. lion in total assets. But what makes them a New Department of Housing and Urban Development York power couple is that they chose to come in the Clinton administration; de Blasio also here after leaving the White House. Bill Clinton worked as Hillary’s campaign manager for her established his foundation in Harlem in 2001. His successful 2000 Senate run, which enhanced his personal office remains on 125th Street, though cachet and political standing in his eventual bid the organization moved to midtown in 2013. for mayor. — JEANHEE KIM

JUNE 27, 2016 | CRAIN’S NEW YORK BUSINESS | 13 20160627-NEWS--0014-NAT-CCI-CN_-- 6/24/2016 5:04 PM Page 1

PROUD TO BE FROM BROOKLYN Though he owned just one-fifteenth of one percent of the BEYONCÉ 34 Singer and Brooklyn Nets until entrepreneur HOW THEY 2013, he told the MET They will not audience at one of 2 say, but they have mentioned it was his Barclays Center in 1999 when she concerts, “It does- JAY Z 46 Rapper and was 18. n’t matter what per- entrepreneur centage. A black kid ... made it from the Marcy Projects. ith a joint net worth estimated at nearly $1 bil- So the fact that I lion, Jay Z and Beyoncé are the most powerful have any ownership Wcouple in music and, increasingly, in the New is f---ing amazing.” York-centric industries of fashion, media and philanthropy. His eight-night, sold-out engagement opening the Barclays Center in 2012 established the downtown Brooklyn arena as a rival to Manhattan’s Madison Square Garden. Twelve of his BARRY Chairman, IAC solo albums have gone at least platinum. DILLER 74 All six of hers as a solo performer debuted at No. 1, setting a record for female artists. Their personal brands are powerhouses in lifestyle, fashion 3 and entertainment. In 2007, the DIANE VON Founder and rapper sold his clothing line, FURSTENBERG co-chairwoman, Diane Rocawear, for $204 million. This 69 von Furstenberg Studio year, Bey launched Ivy Park, a 200-piece women’s activewear clothing collection carried in Nordstrom and other stores. In HOW THEY MET When he was 33 and head of Paramount Pictures, April, she also premiered an hour- he invited the fashion designer to a party at his home. It was 1975, the long video on HBO to promote her year after she, at 27, introduced the wrap dress that would become the album Lemonade, which then debuted signature of her eponymous empire. They would be romantically at No. 1, with 485,000 album sales and involved for the next five years, then remained friends for 20 years until 115 million streams in its first week. they married, at her suggestion, in 2001. Lemonade was initially released exclu- sively on Tidal, the music-streaming service Jay Z purchased in 2015 for $56 arry Diller and Diane von Furstenberg found huge million from a Swedish company. Tidal success on their own. As a family, they contribute recently reported 3 million paid sub- Bto a wide range of causes in the city they call home. scribers, up from 540,000 after its U.S. Diller’s net worth is pegged at $2.4 billion as the head launch in March 2015. of the tech and new media agglomeration that owns In October 2015, Tidal hosted Match.com, Home Advisor, Vimeo and About.com; von the first of an annual concert Furstenberg’s stake in her $500 million company is worth series at the Barclays Center $340 million. (Diller and the two children from von (Jay Z sold his share of Furstenberg’s first marriage sit on DVF’s board .) the center and the The Diller-von Furstenberg Family Foundation— Brooklyn Nets for founded shortly after their marriage—supports the Central about $2 million Park Conservancy, the New School and Carnegie Hall. in 2013). The They are well known for helping to develop the High event raised $1.5 Line—donating more than $30 million to it—and con- million for Black Lives tributing $113 million toward the creation of a nearly Matter and other social justice three-acre park atop Pier 55 on the Hudson River. efforts. — ADDIE MORFOOT Construction there will begin this summer. — MATTHEW FLAMM

ill de Blasio and Chirlane McCray are the first first-couple of New York to describe their personal partnership as a professional one, too. “For more than two decades, Chirlane and I B BILL DE have worked together for progressive change,” the mayor said. Mayor, “Every step of the way, from the City Council to the public advo- BLASIO 55 New York cate’s office to City Hall, we’ve been partners.” City Their impact on the city’s economy is formidable. The mayor oversees an $82 billion budget, which is larger than that of any state in the union except for California and New York. The duo’s 4 efforts yielded universal pre-K, which put more than 70,000 kids CHIRLANE First lady, into classroom seats. An initiative to build 200,000 affordable MCCRAY 61 housing units over 10 years led to rules that will require develop- New York ers to include affordable housing in new buildings in rezoned City areas. De Blasio put McCray in charge of key agenda items, such as the city’s mental health plan. Her ThriveNYC policy outline mapped 23 new initiatives to address mental health concerns, HOW THEY MET They both including training programs, a public-awareness campaign and an worked in David Dinkins’ City infusion of consultants into city schools. He named her to chair the Hall; she was a speechwriter and Mayor’s Fund to Advance New York, the nonprofit he uses to back he was an aide to a deputy mayor.

NEWSCOM, GETTY IMAGES the administration’s work. — ROSA GOLDENSOHN

14 | CRAIN’S NEW YORK BUSINESS | JUNE 27, 2016 20160627-NEWS--0015-NAT-CCI-CN_-- 6/24/2016 3:30 PM Page 1

MICHAEL CEO of HOW THEY MET BLOOMBERG 74 Bloomberg LP Then a vice president of KeySpan Energy, she was seated next 5 to him at a Citizens Budget Commission DIANA Vice chair, luncheon in 2000. TAYLOR 61 Solera Capital LLC

iercely independent describes Michael Bloomberg and Diana Taylor’s partnership. During his three-term mayoralty, the couple Fremained in their Upper East Side townhouse rather than move to Gracie Mansion and were most often seen together at fundraising galas. Each made their mark in finance. He founded the financial information firm bearing his name. She served as state superintendent of banks, a top adviser to Gov. George Pataki and a managing director at James HOW THEY MET He Wolfensohn’s private equity fund. Both have advanced their causes. KATHERINE Chairwoman, Through his foundation, Bloomberg has helped preserve the environment hired her at Tishman FARLEY 66 Lincoln Center for Speyer in 1984. They and promote gun control. Taylor sits on the boards of the YMCA of Greater the Performing Arts became romantically New York, the Mailman School of Public Health at Columbia University involved years later, after and Friends of the Hudson River Park. – ROSA GOLDENSOHN 6 Speyer split from his first wife, Lynne, in 1987. JERRY Chairman, Speyer and Farley married SPEYER 76 Tishman Speyer in 1991.

eal estate brought them together, but it is their philanthropy that sets them apart from other would-be power couples. Jerry Speyer built Rthe ultimate blue-chip real estate company by buying world-famous properties such as the Chrysler Building and Rockefeller Center. He has been a board member at the Museum of Modern Art since 1982—he currently serves as chairman—and has played an important role as it negotiates the tricky world of New York City real estate in an ongoing expansion project. He is a vice chair of New York-Presbyterian Hospital and a former chairman of the board of directors of the Federal Reserve Bank of New York. He is also a former chairman of the Board of Trustees of Columbia University, the Real Estate Board of New York and the Partnership for New York City. Katherine Farley had been a senior managing director at Tishman Speyer, helping it expand into global markets. She left this year to focus on her volunteer work, including leading Lincoln Center in a time of turmoil: The president, Jed Bernstein, stepped down in April after acknowledging a relationship with a junior executive. A member of the board since 2003, she has helped it complete a $1.2 billion renovation project and is part of an ongoing $200 million effort to refurbish David Geffen Hall. — DANIEL GEIGER

HIGH-ALTITUDE CLIMBING IN NYC HENRY Co-founder, KRAVIS 72 KKR HOW THEY MET Unknown. They married in 7 1994 at the 144 Metropolitan BILLIONAIRES MARIE-JOSÉE President, Museum of Club. It’s the KRAVIS 66 Modern Art third marriage 3,028 for both. MULTIMILLIONAIRES enry Kravis is a towering Wall Street figure whose private equity firm, ABOVE $30 MILLION KKR, has bought and sold scores of companies over the past 40 years, Hincluding Duracell, Safeway and Toys R Us. He’s best known for the $25 billion buyout of RJR Nabisco in 1988, a tale thrillingly told in Barbarians at the Gate. The Metropolitan Museum of Art named a wing for him in 1990. He gave $100 million to Columbia Business School in 2010. In 2015, his total pay was 401K about $160 million, and Forbes estimates his fortune at $4.4 billion. Marie-Josée MILLIONAIRES in 2015 Kravis is an economist by training and serves on the international advisory board of the Federal Reserve Bank of New York, as well as on the boards of Publicis and Source: WealthInsight LVMH. She and Henry have been supporters of Carnegie Hall, Lincoln Center and the New York Philharmonic. She is also a major patron of both Mount Sinai Hospital and Memorial Sloan Kettering Cancer Center, where in 2014 the Kravises

BLOOMBERG, GETTY IMAGES, BUCK ENNIS donated $100 million to create a center for molecular oncology. – AARON ELSTEIN

JUNE 27, 2016 | CRAIN’S NEW YORK BUSINESS | 15 20160627-NEWS--0016,0017-NAT-CCI-CN_-- 6/24/20163:31PMPage1

BLOOMBERG, GETTY IMAGES 16 | RI’ E OKBUSINESS YORK CRAIN’S NEW H of cereal,then.’” ‘Is thereanydinner?’AndI’llsay,‘Nope.’he’ll‘Okay,haveabowl executive callshimonthewayhomefromworkatnight. the senatorcallsheronwaytogyminmorning,andlibrary morning andeveningthefourdaysaweekthathespendsinWashington— Schumer andIrisWeinshallhavearulethattheytalkonthephonein epicenter: ParkSlope,hometothedeBlasios.Marriedfor36years,Charles the CityUniversityofNewYork. sioner ofthecity’sDepartmentTransportationandasavicechancellor Public Librarysystem’s92locationsandpreviouslyservedasthecommis- operating budgetand$500millionincapitalprojectsacrosstheNewYork he wonwithastill-impressive65%share.)Sheoversees$324million state recordwhenhewonreelectionin2004with71%ofthevote.(In2010, MADE US LIFETIMEPARTNERS. CONVERSATIONRESPECTFUL “ Schumer islow-maintenance,shesays.“He’llcallfromtheairportandsay, Together theyarethefirstcoupleofwhathasbecomecity’spolitical EHDARAL NEETN,ENGAGING, INTERESTING, REALLY WE HAD A WEINSHALL SCHUMER four yearslater. shesaid.They weremarried partners,” versation thathasmadeuslifelong interesting, engaging,respectfulcon- outonadate. “We hadareally Merryl yearing hisfirst atCornell,to take his middleson,James,whowas finish- $50to Lawrence thenoffered person.” studious-looking because “Iwas avery was 16. Thomasbalked, shesays, outfor adatetake whenshe Merryl Hiat, intended for hissonThomasto father,befriended Merryl’s RabbiPhilip Crain’s an arrangedmarriage,”shetold MET THEY HOW TISCH TISCH MERRYL CHARLES JAMES — champion ofguncontrol,thefinancialsectorandIsrael.Heseta the Senateandondecktobecomemajorityleader.Hehasbeena e istheseniorsenatorfromNewYork,third-rankingDemocratin 9 IRIS 8 . Lawrence having Tisch, ERLTSH BU E IS AEWT AE,WHENSHEWAS 16 ABOUTHERFIRSTDATE WITHJAMES, MERRYL TISCH, 60 63 65 62 – ROSA GOLDENSOHN – ROSA “It was practically Board of Regents New YorkState Former chancellor, Loews Corp. CEO andpresident, Public Library New York COO, New York senator,U.S. | UE2,2016 JUNE 27, charmed me,soIlethimdoit.” said, ‘Yes, Idomind.’Butthenhe meetings,’ ”sherecalled.“And I because Ihave to goto someother don’t mindifIgoaheadofyou, came over to meandsaid,‘You speak andheshowed upandhe assemblyman. “Ihadwaited to He was 24 andalreadyastate event to drumupanendorsement. a localelectionandhadgoneto the Brooklyn. Shewas working 21, on Democrats meeting inMidwood, attended aMid-Bay Independent MET THEY HOW ” HTHAS THAT They both Source: TheTax Foundation IN THEU.S. WHOWEREDUALEARNERS PERCENTAGE OFMARRIEDCOUPLES F also adirectoroftheFederalReserveBankNewYork,chair- million inassets. and hotelshad$13.5billioninrevenue2015.Jamesis company, whichhasinterestsinoilanddrilling,insurance or 18 years, JameshasheadedtheTischfamily’sholding 2014, theJamesS.andMerryl H.TischFoundationhad$26.5 Tisch CancerInstituteatMountSinaiHospital. Poverty. In2008,thecoupledonated$40milliontocreate the Metropolitan NewYorkCoordinatingCouncilonJewish York, apubliclendingcorporation,andco-chairofthe member oftheTrustforCulturalResourcesCityNew run formayor,shereplied,“Ineversaynever.”Sheis a In 2013,theypledged$15million toWNET.Attheendof and positiveway.” When askedby man ofWNETandmembertheCouncilonForeign education andphilanthropicnetworksinaproductive Relations; heisontheboardsofGeneralElectric, Mount SinaiHospitalandtheNewYorkPublic my influenceanddeepunderstandingofsocialservice, Library. participate inthepublicdiscoursetocontinueuse the standardizedtests. led toawaveofparentshavingtheirkidsoptout Board ofRegents,whichshewasamemberfor20 ing andaccreditingeveryeducationalinstitutionin years. Aschancellor,shewasresponsibleforoversee- the stateofNewYork.Shehelpedwin$700 but herpushtotieteacherevaluationstestresults Top. ShechampionedtheCommonCorestandards, million fromthefederalgovernment’sRaceto Merryl steppeddownattheendofMarchfrom Now consideringhernextmove,shesaid,“I’dliketo JEANHEEKIM — 47% The New York Times York New The IN 1965 66% whether shemight IN 2010 20160627-NEWS--0016,0017-NAT-CCI-CN_-- 6/24/2016 3:31 PM Page 2

ANDREW Governor, New York CUOMO 58 HOW THEY MET They were introduced by a Cuomo aide at a 10 Hamptons cocktail party in 2005. SANDRA Chief executive, LEE 49 Sandra Lee Inc.

ndrew Cuomo is not one to shrink from a fight. Just six months into his first term as governor, he pushed for gay marriage in New York and won. This year, he threw his weight behind a landmark $15 min- A HOW THEY MET A imum wage law and statewide paid family leave, and won again—no small feat in a state with a Republican Senate. He has the power to make life easy mutual friend introduced or hard for the mayor, as Bill de Blasio has seen play out everywhere from DARYL Founder, them in the 1960s. At the homeless funding to school control. ROTH 71 Daryl Roth end of their first date, as But Cuomo’s ambitions also have a Productions was her habit, she asked him if he wanted to help softer side. After longtime girlfriend her walk her dog. Sandra Lee was diagnosed with breast 11 He said no. She later told cancer last year, Cuomo pushed through Playbill her reaction to $91 million in the state budget for can- STEVEN Founder, that: “He’s off my list!” cer prevention, including $5 million ROTH 74 Vornado Realty But they saw each other a for mobile mammography vans. Trust year later and were mar- In April, Lee, the Emmy-win- ried within four months. ning TV host who coined the term “semi-homemade,” returned to the set after a nearly e’s a titan of real estate; she’s a producer of Broadway. Together, they yearlong hiatus to teach the support and promote each other’s projects. Vornado Realty Trust cooking-challenged how to Howns and operates more than 30 million square feet of office entertain on a budget. Her esti- space, including the Bloomberg LP building at 731 Lexington Ave., and is mated $50 million media empire currently building one of the city’s priciest luxury condominium towers. includes 27 books and a namesake Daryl Roth has produced numerous Pulitzer Prize- and Tony Award- magazine. She backs anti-hunger winning plays and musicals and has a knack for finding source material charities and women’s health that resonates with audiences, bringing to the stage acclaimed produc- initiatives. tions such as Kinky Boots, War Horse and August: Osage County. In 1996, In his State of the State speech in she acquired the former Union Square Savings Bank building and trans- January, Cuomo lauded her courage: formed it into the Daryl Roth Theatre, adding an annex, DR2 Theatre, in “I just want her to know she was such 2002. She is also an honorary trustee for the Lincoln Center Theater. The an inspiration to me.” Steven and Daryl Roth Foundation supports Jewish institutions and causes. – ROSA GOLDENSOHN – JOE ANUTA

ALISA President, ROBBINS UJA-Federation HOW THEY MET They took the DOCTOROFF 58 of New York same introductory economics class their freshman year at Harvard. He knew on their first 12 date that she was the one, even though they were both only 18. DAN CEO, They were married four years DOCTOROFF 57 Sidewalk Labs later, in 1981.

he luxury condos that now line the Williamsburg and Long Island City water- fronts, the office towers sprouting in Hudson Yards and the No. 7 line’s exten- Tsion to meet them—all of these are a testament to Dan Doctoroff’s clout. As Mayor Bloomberg’s economic development chief, he was intimately involved in rezoning those industrial neighborhoods into residential and commercial areas. At Sidewalk Labs, he’s overseeing a company that aims to develop technologies to cut pollution, curb energy use, streamline transportation and reduce the cost of city living. Alisa Doctoroff is a major figure in Jewish philanthropy. In 2015, the UJA- Federation of New York allocated about $190 million in grants and other financial support to social service, summer camps, nursing homes and other largely Jewish- focused organizations, such as the Federation Employment & Guidance Service—one of the city’s largest nonprofits, which declared bankruptcy that year—and the Jewish Board of Family and Children’s Services. Last year, she was tested when the UJA was pressured to follow the Israeli government’s lead and oppose the U.S. nuclear deal with Iran. Although many prominent Jewish federations took positions against the agreement, the UJA of New York declined to take a stance, according to an account in

PATRICK MCMULLAN, GETTY IMAGES The Forward. – AARON ELSTEIN

JUNE 27, 2016 | CRAIN’S NEW YORK BUSINESS | 17 20160627-NEWS--0018-NAT-CCI-CN_-- 6/24/20163:32PMPage1

BLOOMBERG, GETTY IMAGES 18 | RI’ E OKBUSINESS YORK CRAIN’S NEW T in-law toplantheTrumppresidential transitionteam. ers. Kushnerhasownedthe NewYorkObserversince2006andwasaskedbyhisfather- promoting herfashionand jewelry collectionsonInstagramtonearlyamillionfollow- father, keepsthecoupleonNewYork’ssocietypages, andsheisadeptatsocialmedia, Washington, D.C.Hercomfortinthespotlight,bred fromyearsaccompanyingher Doral Resortin2012andthe$200millionmakeoverof theOldPostOfficeBuildingin $700 millionfortheformerheadquartersofJehovah’s Witnesses. ship thatacquiredasprawlingofficecomplexinDumbo, Brooklyn,andagreedtopay selling ittwoyearslaterforthreetimestheamount.Kushner wasalsopartofapartner- Trump, meanwhile,rantheTrumpOrganization’s$150 millionpurchaseofMiami’s bought anofficebuildingat200LafayetteSt.inSoho for$50millionin2011, prominent realestatefamilies,propellingeachtoever greaterdeals.Kushner he unionofJaredKushnerandIvankaTrumpjoined twoofNewYork’smost KUSHNER TRUMP IVANKA 13 JARED 34 35 Trump Organization and acquisitions, dent of development Executive vice presi- Kushner Companies CEO, | UE2,2016 JUNE 27, Trump. early 2000sby her father, Donald building converted into condosinthe apartment couple lives inaluxury in Bedminster, New Jersey. Now the wed attheTrump NationalGolfClub ing soonafter. In2009,thetwo were arranged by dat- friendsandstarted duced ata2007 businesslunch MET THEY HOW — DANIELGEIGER They wereintro- T founded andchairs. Foundation forComputerScienceEducation,whichFred skills topublicschoolsthroughtheNewYorkCity women. Bothareactivelyinvolvedinbringingtechnical which teachesbakingandbusinessskillstoimmigrant their interests.JoannehasbeenchairofHotBreadKitchen, she co-foundedtheWomen’sEntrepreneurFestival. ing BlueBottleCoffeeandsandwichchainNumPang.In2010 women-owned, manyreflectingherpassionforfood,includ- portfolio ofmorethan90companies,themajoritythem since shebackedCurbedNetworkin2007,hasbuilta director fortradesiteSiliconAlleyReporter.Anangelinvestor at-home mom,Joannereturnedtotheworkingworldassales Tumblr, Etsy,FoursquareandTwitter.Afterastintasstay- Union SquareVenturesin2004,hebackedtechsuccesseses Digital andcelebratedflameoutKozmo.com.Asco-founderof co-founder ofFlatironPartners,investinginNewYorkTimes manager tobuyer.Fredrodethedot-comboomandbustas ternity housewhenshewas 19.Hewas oneofthebrothers. MET THEY HOW The Wilsons’philanthropiccausesflowdirectlyfrom Joanne rosethroughtheranksatMacy’sfromcosmetics WILSON WILSON JOANNE best bedescribedastwosidesofacoin. savvy techinvestors,butFredandJoanneWilsonmay hey calleachotherbestfriendsandbotharenotably 14 FRED 54 54 She rented aroom for thesummerinanMITfra- MATTHEW FLAMM — Entrepreneur Festival Co-founder,Women’s Angel investor; Union Square Ventures Partner, 20160627-NEWS--0019-NAT-CCI-CN_-- 6/24/20165:34PMPage1

GETTY IMAGES, BUCK ENNIS L Manhattan College. Vincent J.FontanaCenter forChildProtectionand serves ontheboardsof NewYorkPublicLibrary, used tospurtheconstructionofnewrentalbuildings. He to findasolutionresurrectcontroversialtaxbreak ful lobbyinggroups,whichwasanointedbythegovernor Estate BoardofNewYork,onethestate’smostpower- career withlateMayorEdKoch.Nowheleadsthe Real board memberoftheCenterforUrbanFuture. Housing, atradegroupthatweighsinonstatepolicy, anda chair oftheNewYorkStateAssociationforAffordable decades inthemakingonManhattan’sLowerEastSide. Sheis Crossing, anearly$1billion,multi-blockdevelopment field foritsabilitytotakeonbigprojectssuchasEssex affordable housingdeveloperthathasrisentothetopof millionaires fluctuates. number ofU.S. showthe returns Source: Tax Foundation/IRS AND LOST MILLIONS MADE Banks hasspentdecadesingovernment,starting his BANKS III54 GOMEZ real estateinNewYorkCitytoday.Gomezworksforan ential figuresworkingattheintersectionofpoliticsand isa GomezandJohnBanksIIIaretwoofthemostinflu- 16 JOHN LISA IRS tax FILIPOWSKI 53 LEE MARK 15 ED — JOEANUTA 53 Partners Development L+M COO, 1 0320 0720 2011 2009 2007 2005 2003 New York Estate Board of Real President, 8 55 55 1 K New York Barneys CEO, KCD Co-president, 3 0 4 K 3 date. Soonafter,cook. they to started tohe impressedherby offering invited himover for dinnerand piece.She about theTimes’puff circle offriendsandteased him ofhiswider umn. Shewas part tured himinitsPublicLives col- Vallone, for CityCouncilSpeaker Peter ofstaff 39 andworking aschief MET THEY HOW 9 2 K The NewYorkTimes 2 3 7 2015. They marriedin shirts. and bluegingham wearing white jeans in1992 rooftop party up atanEastVillage both ofthemshowed date,up. Onthatfirst Wooster set thepair Fashion iconNick MET THEY HOW K When hewas 2 9 9 K fea- CAN FIND WORK. THE GREATER BOTH CHANCE SPOUSESTHAT INCREASINGLY COLLEGE-EDUCATEDDUAL COUPLES ore PwrCuls hne nteLctoa hieo h olg dctd 1940-1990,” Kahn, Source: “PowerDoraCostaandMatthew Couples:ChangesintheLocationalChoiceofCollegeEducated, A Awards in2014. duced aplay,MothersandSons, in2015.Together,theypro- brought in$900millionrevenue Fortune, andBusinessofFashionreportedthatthecompany 6% annualsalesgrowthbetween2010and2014,accordingto fashion powerhouseforthe21stcentury.Heledcompanyto andremadethe93-year-oldretailerintoa gling Barneysin2010 Paramount Pictures,AppleMusicandBeats.Leetookoverstrug- Museum ofArtCostumeInstituteBenefitGala,Mattel, brands includingtheTonyAwards,Metropolitan s co-presidentofPRgiantKCD,Filipowski(right)reps — NOAH DAVIS NOAH — MOVING TO LARGE CITIES that wasnominatedfortwoTony UE2,2016 JUNE 27, 2000 The QuarterlyJournalofEconomics, | RI’ E OKBUSINESS YORK CRAIN’S NEW ARE DUE TO , | 19 19 20160627-NEWS--0020-NAT-CCI-CN_-- 6/24/2016 4:41 PM Page 1

KIRK Executive director, ADAMS 66 Healthcare Education Project 17 CECILE President, Planned RICHARDS 58 Parenthood and Planned Parenthood Action Fund

HOW THEY MET They were organizing hotel workers in New Orleans for United Labor Unions when they began working together on Memorial Day in 1982 . She was his boss, which, he said, “didn’t stop me from falling for her at first sight.”

riginally from Texas, where her mother, Ann, was a legendary governor, Cecile Richards cut Oher teeth in Washington, D.C., as deputy chief of staff for House Democratic leader Nancy Pelosi. Since 2006, she has been president of Planned Parenthood, a New York-based organization she is repeatedly tasked with defending against conservative detractors. At a 2015 congressional hearing, she told House Oversight Committee Chairman Jason Chaffetz to “check your sources” when he presented a bogus chart at her testi- mony showing a dramatic increase in the organization’s abortion rate. Kirk Adams established himself as a major player in labor through several leadership positions at the powerful Service Employees International Union. Recently, he helped bring the agenda of New York’s health care industry to the national stage by becoming executive director of the Healthcare Education Project, a lobbying organization run through an unlikely partnership between 1199 SEIU and the Greater New York Hospital Association. Together the organizations represent 350,000 health workers and 250 hospitals in New York. — CAROLINE LEWIS

HEAVY AT THE TOP CARMELO Forward, New York Knicks ANTHONY 32 30% 18 GROWTH IN NEW YORK LA LA Actress, Basketball Wives CITY MILLIONAIRES ANTHONY 37 and Power between 2014 and 2024, according to WealthInsight. The HOW THEY MET Carmelo sent a bottle of Moët & database of high-net- Chandon over to La La’s table after spotting her at worth individuals a New York City club. projects the number of city millionaires to armelo Anthony is one of the highest-paid and most power- reach 520,580, from 398,596. ful players in the NBA and had the most popular NBA jersey Cbased on sales in 2012-2013. He’s also an investor, starting venture-capital firm M7 Tech Partners with Stuart Goldfarb, former CEO of Bertelsmann Direct North America, in 2013. It has invested over $300 million in companies like Lyft, SeatGeek and education company Andela. Carmelo runs an eponymous foundation that pro- vides millions to charities, and the Giving Back Fund named him eighth on its list of 30 celebrity philanthropists in America. La La Anthony is a force in her own right. The New York Times called her the “First Lady of the NBA” because of her ability to con- nect people and know everyone. She is a former MTV VJ, has 4.8 million followers on Instagram, has published two self-motivation books—her first, The Love Playbook, was a New York Times best- seller—and was a producer of the 2016 Broadway drama Eclipsed,

BLOOMBERG, NEWSCOM which starred Lupita Nyong’o and won a Tony. — NOAH DAVIS

20 | CRAIN’S NEW YORK BUSINESS | JUNE 27, 2016 20160627-NEWS--0021-NAT-CCI-CN_-- 6/24/20167:56PMPage1

LIA CHANG, NEWSCOM includes WallStreet,hesentencedPonzi trict judgefor15yearsinthejurisdictionthat Deflategate case.AsaClinton-nominateddis- Quarterback TomBradyforfourgames,inthe authority insuspendingNewEnglandPatriots opinion rulingthattheNFLdidnotexceedits appellate judgewhoinMaywrotethemajority other spouseisrollingindough?” power andprestigeofjudicialoffice,the in whichonespouseisajudge,withallthe should marrywell:“Don’tyoujustlovecouples an example,suggestedinsteadthatjudges W Princeton andhave beenmarried38years. theirfreshmanyearsame dormitory at MET THEY HOW Denny ChinistheObama-nominatedfederal CHIN CHIN DENNY KATHY 19 Above theLaw,namingChinsas from Congressin2007,thelegalblog hen federaljudgeswereseekingaraise 62 62 They wereassignedto the Wickersham & Taft Cadwalader, Partner, Second Circuit of Appeals for the Court U.S. Judge, employment discrimination,RICOclaimsand Medicaid reimbursement,airrights,zoning, issues, KathyChinhaslitigatedcasesinvolving Supreme Courtnominee. Denny wasname-droppedasapotential After JusticeAntoninScalia’sdeathinFebruary, schemer BernardMadoffto150yearsinprison. Specializing inhealthcareandrealestate U As editorial-pageeditorattheDailyNews and evenDonaldTrump,forfailingtoestablishabasicRepublican platform. for his“slushfund”(hispoliticalactionfundCampaign forOneNewYork); tions, lambastingtheClintonsfortheir“lawlessness”; MayorBilldeBlasio said. dual-career householdwhere botharepassionateaboutourwork,”Raab series onfinancialmismanagementattheApolloTheater. Daily News the steeringcommitteeforAssociationaBetter NewYork. ExpandED Schools,amemberoftheCouncilonForeign Relations,andon House, apublic-policyinstitute,in2010.Raab is ontheboardof school, plusshesecured$24.5millioninstatefunds toopenRoosevelt social workschool,$45millionforanewlibrary,$10nursing 23% ofstudentsareforeign-born.Ofthosefunds,$131millionwenttothe tions—usually reservedforprivateschools,notapublicinstitutionwhere used herconnectionstoraisethekindofmoney—$330millionindona- has manyofthecity’sbusinessandpoliticaleliteonspeeddial.Raab Times onland-useissues.Hewas for CityHallbureauchief press secretary MET THEY HOW The twokeeptheircareers separate, however:“We’vemanagedtobea Goodwin, meanwhile,hascoveredthecityworking for theTimes, GOODWIN — CARA EISENPRESS — CARA JENNIFER . They roominCityHall. met inRoom 9,thereporters’ MICHAEL RAAB 20 Goodwin. AspresidentofHunterCollegeforthepast15years,she for herPulitzerPrize-winningjournalisthusband,Michael nder othercircumstances,JenniferRaabwouldbeagreatsource and nowthe 60 66 She was working in the Koch administration, in part serving as She was serving working intheKoch administration,inpart Post, whereheshoutsoppositiontoliberalassump- Hunter College President, Columnist, New York Post York New $2.05 millioneachin2015. Lawyer has beenatCadwaladersince1980. Commission toCombatPoliceCorruption.She the city’sPlanningCommissionand the state’shighestcourt.Kathyhasservedon 2014, shewasontheshortlistforajudgeship other commercialmatters.Inboth2012and reported thatthefirm’spartnersearned UE2,2016 JUNE 27, , hesharedthePulitzerPrizefora | RI’ E OKBUSINESS YORK CRAIN’S NEW JEANHEEKIM — The New York American | 21 TO PLACE A CLASSIFIED AD, CALL 1 800 444 6007 OR VISIT CRAINSNEWYORK.COM

REQUEST FOR PROPOSALS PUBLIC & LEGAL NOTICES

INSURANCE BROKERAGE SERVICES REQUEST FOR PROPOSALS Notice of Qualification of Cyber Risk Notice of Qualification of HALLETTS Management, LLC. App. for Auth. filed INVESTORS BUILDING 2 LLC. Appl. for The New York City Educational Construction Fund (“ECF”) is seeking proposals with Secy. of State of NY (SSNY) on Auth. filed with Secy. of State of NY from organizations that are capable of providing insurance brokerage and 5/27/16. Office location: NY County. (SSNY) on 05/27/16. Office location: consulting services to a public benefit corporation organized under State LLC formed in Delaware (DE) on NY County. LLC formed in Delaware of New York law. A copy of the Request for Proposal (RFP) for Insurance 4/8/13. SSNY designated as agent of (DE) on 05/26/16. SSNY designated Brokerage and Advisory Services may be obtained from ECF by contacting LLC upon whom process against it may as agent of LLC upon whom process the Fund at (718) 472-8287. Responses to the RFP must be received at the be served. SSNY shall mail process to: against it may be served. SSNY shall Fund’s offices by 12 noon, July 22, 2016. Capitol Services, Inc., 1218 Central mail process to c/o Royal Realty Corp., Ave., Ste. 100, Albany, NY 12205. DE Attn: Corporate Counsel, One Bryant New York City Educational Construction Fund address of LLC: 1675 South State Park, NY, NY 10036. DE addr. of LLC: 30-30 Thomson Avenue, 1st Floor St., Ste. B, Dover, DE 19901. Arts. of c/o Corporation Service Co., 2711 Long Island City, New York 11101 Org. filed with DE Secy. of State, 401 Centerville Rd., Ste. 400, Wilmington, (718) 472-8287 phone Federal St., Ste. 4, Dover, DE 19901. DE 19808. Cert. of Form. filed with (718) 752-5222 facsimile Purpose: any lawful act or activity. Secy. of State of DE, John G. Townsend Bldg., 401 Federal St., Ste.4, Dover, DE 19901. Purpose: Any lawful activity. Notice of Formation of EASTSIDE TELECOMMUNICATIONS PUBLIC & LEGAL ADVANCED MEDICAL LLC Arts. of Org. filed with Secy. of State of NY (SSNY) Notice of Formation of 551 West 21st NOTICES on 05/20/16. Office location: NY St Holdings, LLC. Arts. of Org. filed with County. Princ. office of LLC: 408 Jay St., NY Dept. of State on 4/22/16. Office Notice of Qualification of APOLLO Brooklyn, NY 11201. SSNY designated location: NY County. Sec. of State desig- PRINCIPAL HOLDINGS XI, LLC Appl. for as agent of LLC upon whom process nated agent of LLC upon whom process Auth. filed with Secy. of State of NY against it may be served. SSNY shall against it may be served and shall mail (SSNY) on 05/18/16. Office location: mail process to the LLC, c/o Michael process to: Duval & Stachenfeld LLP, NY County. LLC formed in Anguilla Amoashiy, M.D. at the princ. office of c/o Alan Cohen, 555 Madison Ave., 6th on 04/13/15. Princ. office of LLC: the LLC. Purpose: Any lawful activity. Fl., NY, NY 10022, principal business 9 W. 57th St., NY, NY 10019. SSNY address. Purpose: all lawful purposes. designated as agent of LLC upon whom Notice of Qualification of Transamerica process against it may be served. SSNY Retirement Insurance Agency, LLC. shall mail process to c/o Apollo Global Notice of Formation of FLOWER SHOP Authority filed with NY Dept. of State on Management, LLC at the princ. office CORTLANDVILLE, LLC Arts. of Org. filed 1/7/2016. NYS fictitious name: TRIA of the LLC. Delaware addr. of LLC: Cor- with Secy. of State of NY (SSNY) on Insurance Agency LLC. Office location: poration Service Co., 2711 Centerville 05/10/16. Office location: NY County. NY County. Princ. bus. addr.: 408 St. Rd., Ste. 400, Wilmington, DE 19808. Princ. office of LLC: Windsor Properties, Peter St., Ste. 230, St. Paul, MN 55102. Cert. of Form. filed with Secy. of State Attn: Paul D. Glantz, 99 Park Ave., NY, LLC formed in DE on 4/3/2013. NY of DE, John G. Townsend Bldg., 401 NY 10016. SSNY designated as agent Sec. of State designated agent of LLC Federal St., Ste. 4, Dover, DE 19901. of LLC upon whom process against it upon whom process against it may be Purpose: Any lawful activity. may be served. SSNY shall mail process served and shall mail process to: c/o to the LLC at the addr. of its princ. CT Corporation System, 111 8th Ave., office. Purpose: Any lawful activity. NOTICE OF FORMATION OF NY, NY 10011, regd. agent upon whom PROGRESSIVECAREER LLC. Articles of process may be served. DE addr. of NOTICE OF FORMATION OF Alpha Vari- Organization filed with the Secretary of LLC: 1209 Orange St., Wilmington, DE ance Solutions. Articles of Organization State of NY (SSNY) on 04/19/2016. 19801. Cert. of Form. filed with DE Sec. filed with the Secretary of State of NY Office location: NEW YORK County. of State, 401 Federal St., Dover, DE (SSNY) on 2/08/16. Office location: NEW SSNY has been designated as agent 19901. Purpose: all lawful purposes. PUBLIC & LEGAL upon whom process against it may YORK County. SSNY has been designated be served. The Post Office address to as agent upon whom process against it NOTICES which the SSNY shall mail a copy of any Notice of Qual. of Athelstan Advisors may be served. The Post Office address process against the LLC served upon LLC, Auth. filed Sec’y of State (SSNY) to which the SSNY shall mail a copy of NOTICE OF QUALIFICATION OF him/her is: 220 RIVERSIDE BOULEVARD 6/17/15. Off. loc: NY Co. LLC org. in any process against the LLC served OHM CONCESSION GROUP LLC. APARTMENT 28F NEW YORK, NY 10069 DE 6/2/15. SSNY desig. as agent of upon him/her is: CORPORATION SER- Application for Authority of OHM Con- The principal business address of the LLC LLC upon whom proc. against it may be VICE COMPANY 80 STATE ST. ALBANY, is: 220 RIVERSIDE BOULEVARD APART- NY 12207. The principal business cession Group LLC was filed with the MENT 28F NEW YORK, NY 10069 served. SSNY shall mail copy of proc. New York State Department of State on Purpose: any lawful act or activity. to Att: Devin Geoghegan, 15 W. 20th address of the LLC is: 5 East 44th St March 14 2016. The LLC was formed St., NY, NY 10011. DE off. addr.: CSC, Suite 4A New York New York 10017. in Missouri on January 13, 1998.Office 2711 Centerville Rd., Wilmington, DE Purpose: any lawful act or activity. Location: New York County, New York. Notice of Qualification of Arosa 19808. Cert. of Form. on file: SSDE, The Secretary of State of New York Midstream GP LLC. Authority filed Townsend Bldg., Dover, DE 19901. was designated agent for service of with NY Dept. of State on 5/6/16. Purp: any lawful activities. NOTICE OF FORMATION OF OHM NYC, process. The Secretary of State of New Office location: NY County. LLC formed LLC. Articles of Organization of OHM York shall mail copies of any process in DE on 3/3/16. NY Sec. of State NYC, LLC were filed with the New York served against the limited liability designated agent of LLC upon whom Notice of Formation of a Limited Liability State Department of State on January company to the company at 120 W. process against it may be served and Company (LLC). Name: Silver Dollar 5, 2016. Office Location: New York 45th St., New York, NY 10036. The shall mail process to: 120 W. 45th St., Ventures LLC. Articles of Organization County, New York. The Secretary of Missouri address of the LLC is 10812 Ste. 3700, NY, NY 10036, principal filed by the Department of State of New State of New York was designated agent St. Charles Rock Rd., St. Ann, Missouri business address. DE address of LLC: York on: 05/03/2016. Office location: for service of process. The Secretary of 63074. The Articles of Organization National Corporate Research, Ltd., 850 County of New York. Purpose: any and State of New York shall mail copies of of the LLC are filed with the Missouri New Burton Rd., Ste. 201, Dover, DE all lawful activities. Secretary of State any process served against the limited Secretary of State, 600 West Main 19904. Cert. of Form. filed with DE Sec. of New York (SSNY) is designated as liability company to the company at Street, Jefferson City, Missouri 65101. of State, Townsend Bldg., Dover, DE agent of the LLC upon whom process 120 W. 45th St., New York, NY 10036. Purpose: any lawful purpose or activity. 19901. Purpose: any lawful activity. against it may be served. SSNY shall Purpose: any lawful purpose or activity. mail a copy of process to: 45 Sutton Place South, 12F, New York, NY 10022. Notice of Qualification of Consolidated Notice of Qualification of Convene Notice of Qualification of HALLETTS Energy Solutions LP. Authority filed with 780 Third Avenue, LLC. Authority filed INVESTORS BUILDING 1 LLC. Appl. for Notice of Qualification of 62-60 99th NY Dept. of State on 5/20/16. NYS fict. with NY Dept. of State on 4/19/16. Auth. filed with Secy. of State of NY Street Owner II LLC. Authority filed with name: Consolidated Energy Solutions USA Office location: NY County. Princ. bus. (SSNY) on 05/27/16. Office location: NY Dept. of State on 5/13/16. Office LP. Office location: NY County. Princ. bus. addr.: 366 Madison Ave., 7th Fl., NY County. LLC formed in Delaware location: NY County. Princ. bus. addr.: addr.: 1920 Yonge St., Ste. 200, Toronto, NY, NY 10017. LLC formed in DE on (DE) on 09/16/15. SSNY designated 825 3rd Ave., Fl 37, NY, NY 10022. ON M4S 3E2 Canada. LP formed in DE 3/17/16. NY Sec. of State designat- as agent of LLC upon whom process LLC formed in DE on 5/10/16. NY Sec. on 12/8/15. NY Sec. of State designated ed agent of LLC upon whom process against it may be served. SSNY shall of State designated agent of LLC upon agent of LP upon whom process against it against it may be served and shall mail process to c/o Royal Realty Corp., whom process against it may be served may be served and shall mail process to: mail process to: Corporation Service Attn: Corporate Counsel, One Bryant and shall mail process to: c/o CT Corporation c/o CT Corporation System, 111 8th Ave., Co., 80 State St., Albany, NY 12207, Park, NY, NY 10036. DE addr. of LLC: System, 111 8th Ave., NY, NY 10011, NY, NY 10011, regd. agent upon whom regd. agent upon whom process may c/o Corporation Service Co., 2711 regd. agent upon whom process may process may be served. DE addr. of LP: be served. DE addr. of LLC: 2711 Centerville Rd., Ste. 400, Wilmington, be served. DE addr. of LLC: Corporation 1209 Orange St., Wilmington, DE 19801. Centerville Rd., Ste. 400, Wilmington, DE DE 19808. Cert. of Form. filed with Trust Co., 1209 Orange St., Wilmington, Name/addr. of genl. ptr. available from 19808. Cert. of Form. filed with DE Sec. Secy. of State of DE, John G. Townsend DE 19801. Cert. of Form. filed with DE NY Sec. of State. Cert. of LP filed with DE of State, 401 Federal St., Dover, DE Bldg., 401 Federal St., Ste. 4, Dover, Sec. of State, 401 Federal St., Dover, Sec. of State, 401 Federal St., Dover, DE 19901. Purpose: all lawful purposes. DE 19901. Purpose: Any lawful activity. DE 19901. Purpose: all lawful purposes. 19901. Purpose: all lawful purposes.

22 | CRAIN’S NEW YORK BUSINESS | JUNE 27, 2016

P022-23_CN_2016 0627.indd 22 6/24/2016 5:18:48 PM TO PLACE A CLASSIFIED AD, CALL 1 800 444 6007 OR VISIT CRAINSNEWYORK.COM

PUBLIC & LEGAL NOTICES

Notice of Qualification of 286 SPRING Notice of Qual. of 552 Gates Lender, Notice of Qualification of Distinguished Notice of Qual. of Baccarat 42A Owner PH LLC. Appl. for Auth. filed with Secy. LLC, Auth. filed Sec’y of State (SSNY) Capital LLC. App. for Auth. filed with Secy. LLC, Auth. filed Sec’y of State (SSNY) of State of NY (SSNY) on 06/06/16. 10/29/15. Office loc: NY County. LLC of State of NY (SSNY) on 5/25/16. Office 1/25/16. Off. loc: NY Co. LLC org. in DE Office location: NY County. LLC formed org. in DE 10/27/15. SSNY desig. as location: NY County. LLC formed in Del- 1/11/16. SSNY desig. as agent of LLC in Delaware (DE) on 05/11/16. Princ. agent of LLC upon whom proc. against aware (DE) on 5/16/16. SSNY desig- upon whom proc. against it may be office of LLC: BAM Administrative Ser- it may be served. SSNY shall mail copy nated as agent of LLC upon whom process served. SSNY shall mail copy of proc. to vices LLC, 1370 Ave. of the Americas, of proc. to 256 W. 116th St., 2nd Fl., against it may be served. SSNY shall NRAI, 111 Eighth Ave., NY, NY 10011, 32nd Fl., NY, NY 10019. SSNY des- NY, NY 10026. DE office addr.: CSC, mail process to the principal business the Reg. Agt. upon whom proc. may be ignated as agent of LLC upon whom 2711 Centerville Rd., Wilmington, DE location of LLC: 1180 Ave. of the Americas, served. DE office addr.: 160 Greentree Dr., process against it may be served. SSNY 19808. Cert. of Form. on file: SSDE, Fl. 16, NY, NY 10036. DE address of Ste. 101, Dover, DE 19904. Cert. of Form. shall mail process to c/o Corporation Townsend Bldg., Dover, DE 19901. LLC: c/o 3H Corporate Services, LLC, on file: SSDE, Townsend Bldg., Dover, Service Co., 80 State St., Albany, NY Purp: any lawful activities. 1201 N. Orange St., Ste. 710, Wilming- DE 19901. Purp: any lawful activities. 12207-2543. DE addr. of LLC: 2711 ton, DE 19801. Arts. of Org. filed with Centerville Rd., Ste. 400, Wilmington, DE Secy. of State, 401 Federal St., Ste. TWO EIGHTEEN LLC. Art. of Org. filed Notice of Formation: Glinnotech LLC DE 19808. Cert. of Form. filed with 4, Dover, DE 19901. Purpose: invest- with the SSNY on 05/09/16. Office: Art. Of Org. filed with Sec. of State of Secy. of State, John G. Townsend Bldg., ment holding companies and any other New York County. SSNY designated as NY (SSNY) on 01/12/2016. Office Loc: 401 Federal St. - Ste. 4, Dover, DE purposes permitted by applicable law. agent of the LLC upon whom process New York County. SSNY designated 19901. Purpose: Any lawful activity. against it may be served. SSNY shall as agent of LLC upon whom process mail copy of process to the LLC, 2 Notice of Formation of AJAX TICKETING against it may be served. SSNY shall Notice of Formation of GEORGE H. Rector Street, Suite 903, New York, NY LLC Arts. of Org. filed with Secy. of State mail process to: 330 E 38th Street Unit PRICE LLC Arts. of Org. filed with Secy. 10006. Purpose: Any lawful purpose. of NY (SSNY) on 06/09/16. Office loca- 6B, NEW YORK, NY 10016 Purpose: of State of NY (SSNY) on 05/02/16. tion: NY County. SSNY designated as agent Any lawful activity. Office location: NY County. SSNY Notice of formation of MED KITCHN, of LLC upon whom process against it may designated as agent of LLC upon whom LLC. Arts of Org filed with Secy. of State of be served. SSNY shall mail process to Notice of Formation of FLOWER SHOP process against it may be served. SSNY NY (SSNY) on 5/6/2016. Office location: Corporation Service Co., 80 State St., CAMILLUS, LLC Arts. of Org. filed with shall mail process to c/o Stacy Cochran, NY County. SSNY designated agent upon Albany, NY 12207, regd. agent upon Secy. of State of NY (SSNY) on 05/10/16. 90 W. Broadway, 7th Fl., NY, NY 10007. whom process may be served against whom and at which process may be Office location: NY County. Princ. office Purpose: Any lawful activity. LLC to: 7014 13th Ave #202 Brooklyn, served. Purpose: Any lawful activity. of LLC: Windsor Properties, Attn: Paul NY 11228. Principal business address: D. Glantz, 99 Park Ave., NY, NY 10016. Notice of formation of Sweepsty, LLC. 41 W 82nd St. #1C NY, NY 10024. Notice of Formation of JOE ECDO ZNH SSNY designated as agent of LLC upon Arts of Org filed with Secy. of State NY LLC. Arts. of Org. filed with Secy. of whom process against it may be served. (SSNY) on 3/21/2016. Office location: RACHOK LLC. Art. of Org. filed with the State of NY (SSNY) on 6/20/16. Office SSNY shall mail process to the LLC at NY County. SSNY designated agent upon SSNY on 05/09/16. Office: New York location: NY County. SSNY designated the addr. of its princ. office. Purpose: whom process may be served and shall County. SSNY designated as agent of as agent of LLC upon whom process Any lawful activity. mail copy of process against LLC to prin- the LLC upon whom process against it against it may be served. SSNY shall ciple business address: 829 9th Ave #3A, may be served. SSNY shall mail copy mail process to: The LLC, c/o Goldstein NY, NY 10019. Purpose: any lawful act. of process to the LLC, 2 Rector Street, Hall PLLC, 80 Broad St., Ste. 303, NY, Notice of Formation of MARGOT WEIL Suite 903, New York, NY 10006. NY 10004. Purpose: any lawful activity. PSYCHOLOGY, LLC Arts. of Org. filed Notice of Formation of Apex Global, LLC, Purpose: Any lawful purpose. with Secy. of State of NY (SSNY) on Art. of Org. filed with Sec’y of State (SSNY) Notice of formation of Life By Dru LLC. 05/12/16. Office location: NY County. on 2/2/16. Office location: NY County. Name of LLC: High Line Advisory Services Arts of org filled with secy. of State Princ. office of PLLC: 122 E. 82nd St., SSNY designated as agent of LLC upon LLC. Arts. of Org. filed with NY Dept. of of NY (SSNY) on 2/2/2016. Office NY, NY 10028. SSNY designated as whom process against it may be served. State: 5/31/16. Office loc.: NY Co. Sec. Location: NY County. SSNY designated agent of PLLC upon whom process against SSNY shall mail copy of process to Cecilia of State designated agent of LLC upon agent upon whom process may be it may be served. SSNY shall mail pro- Soh, 315 W. 36th St., Ste. 17B, NY, NY whom process against it may be served served against LLC to principal busi- cess to the PLLC at the addr. of its princ. 10018. Purpose: any lawful activities. and shall mail process to: Business Filings ness address: 460 W. 149th St. APT 62 office. Purpose: Psychology practice. Inc., 187 Wolf Rd., Ste. 101, Albany, NY NY, NY 10031. Purpose: any lawful act. Notice of Formation of 22 GPS, LLC. 12205, regd. agt. upon whom process Notice of Formation of HUDSON Arts. of Org. filed with Secy. of State may be served. Purpose: any lawful act. Notice of Formation of JS Psychological, BERGEN LLC Arts. of Org. filed with of NY (SSNY) on 6/21/16. Office PLLC. Arts. of Org. filed with Secy. of Secy. of State of NY (SSNY) on 05/24/16. location: NY County. SSNY designated Notice of Formation of 43 CHARLTON State of NY (SSNY) on 5/19/16. Office Office location: NY County. Princ. office as agent of LLC upon whom process LLC. Arts. of Org. filed with Secy. of location: NY County. SSNY designated of LLC: 826 Broadway, 11th Fl., NY, NY against it may be served. SSNY shall State of NY (SSNY) on 06/07/16. Office as agent of LLC upon whom process 10003. SSNY designated as agent of mail process to: c/o Davis & Gilbert location: NY County. SSNY designated against it may be served. SSNY shall mail LLC upon whom process against it may LLP, 1740 Broadway, NY, NY 10019. as agent of LLC upon whom process process to: 185 Madison Ave., #15-07, NY, be served. SSNY shall mail process to Purpose: any lawful activity. against it may be served. SSNY shall mail NY 10016. Purpose: any lawful activity. the LLC, 826 Broadway, NY, NY 10003. process to c/o Julie M. Bradlow, Esq., Purpose: Any lawful activity. Notice of Formation of DBA NY Office, 2820 Selwyn Ave., Box 726, Charlotte, Notice of Qual. of 623 Halsey Lender, LLC. Arts. of Org. filed with NY Dept. of NC 28209. Purpose: Any lawful activity. LLC, Auth. filed Sec’y of State (SSNY) Notice of Formation of FLOWER SHOP State on 4/14/16. Office location: NY 12/29/15. Office loc: NY County. LLC BRIGHTON, LLC Arts. of Org. filed with County. Princ. bus. addr.: 27 W. 24th Notice of Formation of JOE ECDO EH org. in DE 12/23/15. SSNY desig. as Secy. of State of NY (SSNY) on 05/10/16. St., Ste. 10B, NY, NY 10010. Sec. of LLC. Arts. of Org. filed with Secy. of agent of LLC upon whom proc. against Office location: NY County. Princ. office State designated agent of LLC upon State of NY (SSNY) on 6/21/16. Office it may be served. SSNY shall mail copy of LLC: Windsor Properties, Attn: Paul whom process against it may be served location: NY County. SSNY designated of proc. to 256 W. 116th St., 2nd Fl., D. Glantz, 99 Park Ave., NY, NY 10016. and shall mail process to: National as agent of LLC upon whom process NY, NY 10026. DE office addr.: CSC, SSNY designated as agent of LLC upon Corporate Research, Ltd., 10 E. 40th against it may be served. SSNY shall 2711 Centerville Rd., Wilmington, DE whom process against it may be served. St., 10th Fl., NY, NY 10016, regd. agent mail process to: The LLC, c/o Goldstein 19808. Cert. of Form. on file: SSDE, SSNY shall mail process to the LLC at upon whom process may be served. Hall PLLC, 80 Broad St., Ste. 303, NY, Townsend Bldg., Dover, DE 19901. the addr. of its princ. office. Purpose: Purpose: any lawful activity. NY 10004. Purpose: any lawful activity. Purp: any lawful activities Any lawful activity.

WANT TO GET YOUR COMPANY IN FRONT OF 250,000 INFLUENTIAL BUSINESS PROFESSIONALS? Contact Joanne Barbieri at 212-210-0189 for classified advertising opportunities.

JUNE 27, 2016 | CRAIN’S NEW YORK BUSINESS | 23

P022-23_CN_2016 0627.indd 23 6/24/2016 4:59:36 PM To place your listing, contact Joanne Barbieri • 212-210-0189

AEROSPACE & DEFENSE LAW ASME L-3 Communications Norton Rose Fulbright K. Keith Roe, 70, was promoted to Presi- Announce new hires, Heidi Wood joined L-3 Brian Arbetter, 49, dent. He previously Communications as joined Norton Rose promotions and board held the position of Vice President and Fulbright as Partner. Chairman, President appointments to the Chief Analytics Officer. He was formerly Partner at Sheppard, and CEO of Burns & Ms. Wood will peform New York business Mullin, Richter Roe Enterprises Inc. operational analysis & Hampton LLP. Founded in 1880 as community and support L-3’s Arbetter, an inter- the American Society of Mechanical business develoment national employment and labor Engineers, ASME is a not-for-profit and merger and acquisitions strategy, lawyer with more than 25 years of professional organization that reporting to President and Chief experience, represents US- and CRAIN’S enables collaboration, knowledge Operating Officer Christopher E. foreign-based multinational com- sharing and skill development Kubasik. She will also work with panies and their management teams EXECUTIVE across all engineering disciplines, Senior Vice President and Chief across a wide range of industries, while promoting the vital role of the Financial Officer Ralph G. D’Ambrosio including financial services, tech- MOVES engineer in society. to oversee the company’s investor nology, retail, entertainment and medical devices. relations function. REAL ESTATE For one flat fee: print NONPROFITS and online placement FINANCE Meringoff Properties Bideawee, Inc. Dan Chiltern joined guaranteed. Hunt Investment Management Dolores Swirin-Yao, Meringoff Properties Tom Duda joined joined Bideawee, as Senior Vice Hunt Investment Inc. as President President. He was To submit your listing Management as & Chief Executive formerly Project and view the searchable Executive Vice Officer . She was Manager at Structure President. He was formerly Executive Tone. Meringoff database, visit formerly Managing Director of York Properties, Inc. is a dedicated Director at One College Foundation affiliate of Himmel & Meringoff crainsnewyork.com/ and Vice President for Institutional William Street Capital Properties LLC and a fully-integrated Advancement at York College at execmoves Management. In his newly created York College, City University of New management company, with more role, Tom will concentrate on York (CUNY). Bideawee is one of the than 35 years of experience in the opportunistic debt investing and country’s oldest and most respected creative repositioning, redevelop-

managing investment vehicles animal welfare and pet adoption ment and operation of undervalued ® focused on related strategies. organizations. commercial properties.

EXECUTIVE MOVES Try our new Advanced Search tool with data on thousands of executives and personnel changes. www.crainsnewyork.com/execmoves

24 | CRAIN’S NEW YORK BUSINESS | JUNE 27, 2016 20160627-NEWS--0025-NAT-CCI-CN_-- 6/24/2016 1:26 PM Page 1

GOTHAM GIGS

MARKETING: In between gigs as a commercial photographer, Anastassios Mentis sells his family’s homemade Greek olive oil at street fairs across the city.

Oil trader More than a century after his great-grandfather planted olive trees,Anastassios Mentis sells their natural oil

ou could say that Anastassios Mentis was “You have a green diamond here,” Mentis recalls ANASTASSIOS MENTIS baptized and marinated in the olive oil the importer exclaiming. “You should be selling this.” business. After a year of paperwork in New York and Greece AGE 49 In the 1870s, his great-grandfather to meet FDA regulations, Mentis brought over 1,000 BORN Neapolis, Laconia, Greece PolixronisY started the business in Neapolis, a Greek vil- bottles. A one-man operation, he now travels to lage of 400 nestled a mile from the Mediterranean Sea. Neapolis in December and March to assist his 81- LIVES Astoria, Queens Today, the family has 1,000 Aphenolia year-old mother, Eleni, with the harvest EDUCATION Technical College of olive trees on 33 acres outside the town. We used and to oversee the bottling in Molaoi, Athens, diploma in oceanography Grandfather Anastassios built an olive “ Greece. They produce 6,000 to 10,000 DOWNTIME Mentis’ photographs press in the 1930s that was in use for olive oil with liters of oil annually. of Greek-American life have been in nearly 50 years. everything. When a shipment arrives in New several gallery shows. Born in 1966, Mentis has assisted with You never Jersey, in half-liter (17-ounce) bottles, the harvest since he was 4. For the saw anyone Mentis rents a truck and drops them off at GEOGRAPHY Neapolis is at the youngster’s efforts, the family would give a small warehouse in Astoria. southeastern tip of Greece, in a valley him a liter of oil. When he got older, he’d use butter” Now in his third year, Mentis is selling surrounded by two mountain ranges sell it in town for spending money. 6,000 bottles annually, and last year he that reach 1,800 feet. Olive oil pro- “We used olive oil with everything. You never saw had revenue of $40,000. Two dozen gourmet food duction goes back to 1500 B.C. The anyone use butter,” Mentis said recently from his stores in Brooklyn, Queens and Manhattan carry 100-year-old Athenolia trees, miner- home in Astoria, Queens. Mentis Estate olive oil, and Mentis sells his oil on als in the soil, 280 days of sunshine Immigrating to that neighborhood in 1996, he set weekends at food shows and flea markets. and mist from the sea help create the up a photography studio in his basement. In 2011, “With just me and my mom, we’re able to cut out oil’s smooth buttery flavor. during a shoot with olive oil importer Alexandros all the middlemen,” Mentis said. “I hope we can con- THE POUR “If you’re grilling fish, Kontogouris, Mentis mentioned that he had some tinue to increase our production. Right now, it’s the when you’re done, pour some olive oil very special quality oil of his own. Five months later, perfect work situation; I love photography and I can and lemon juice over it.”

BUCK ENNIS he handed Kontogouris a sample. still sell the oil.” — SETH SCHWARTZ

JUNE 27, 2016 | CRAIN’S NEW YORK BUSINESS | 25 20160627-NEWS--0026-NAT-CCI-CN_-- 6/24/2016 1:27 PM Page 1

SNAPS

The Apollo honors Prince The Apollo Theater held its spring gala on June 13, hosted by actor and rapper LL Cool J. It included a concert by numerous artists, including the O’Jays. The performance ended with a tribute to Prince, who died in April. Earlier in the day, Prince was inducted into the Apollo Walk of Fame, which recognizes artists with a plaque under the theater’s marquee on 125th Street.

Charles Phillips, CEO of Infor and Apollo board member; Jonelle Procope, Apollo Graham Pratt and his wife, actress and Apollo board president and CEO; Karen Phillips, gala member Leslie Uggams, at the Apollo fete, which co-chair and wife of Charles Phillips; raised $1.7 million. and Richard Parsons, Apollo board chairman, at the Apollo fundraiser.

At the Central Park Zoo, fundraising gone wild Citymeals delivers

Jim Breheny, Wildlife Conservation Society Dennis Riese, chief executive vice president of zoos; Lucy Liu, executive officer of the actress; and Kathleen LaMattina, WCS Riese Organization and collections manager, special animal exhibits, Citymeals on Wheels at a gala that raised $1.5 million for the WCS. board member, with his wife, Randi, at the June 6 fundraiser at Rockefeller Center for Citymeals, which pro- vides food to home- bound elderly people.

Cristián Samper, WCS president and CEO; Beth Stevens, Disney senior vice president of environment and conservation; and Antonia M. Grumbach, WCS board chair, at the June 9 party Katherine Boulud, wife of chef Daniel Boulud, co-president of the Citymeals at the Central on Wheels board of directors (in chef’s whites), with Beth Shapiro, executive Park Zoo. director of Citymeals on Wheels, and Kathleen Turner, Citymeals board member and actress. The event raised $900,000.

SHAHAR AZRAN; MONICAAZRAN; SHAHAR WCS MAHER © JULIE LARSEN SCHIPPER; SEE MORE OF THIS WEEK’S SNAPS ONLINE AT CRAINSNEWYORK.COM/SNAPS. GET YOUR GALA IN SNAPS. EMAIL THERESA AGOVINO: [email protected]

26 | CRAIN’S NEW YORK BUSINESS | JUNE 27, 2016 20160627-NEWS--0027-NAT-CCI-CN_-- 6/24/2016 1:28 PM Page 1

PHOTO FINISH

Shrinking the digital trash heap

n a Brooklyn warehouse a block from the Gowanus Canal, Terry TV shows, including FX Networks’ The Americans, a period piece about Sta. Maria sifted through a box filled with rusty circuit boards, two undercover KGB agents in 1980s Virginia. The show’s sets are searching for mice. “I have a bunch of customers looking for ’80s packed with bulky computers and obsolete home appliances. and ’90s computer equipment,” Sta. Maria said. The warehouse, Hard drives can be shredded onsite. The rest of the waste gets pack- Ioperated by the Lower East Side Ecology Center, opened in 2012 to aged and shipped to Sunnking, Inc., a recycler near Rochester, N.Y. process used electronics. Intake jumped in April 2015, when the city There, the waste is chopped into small pieces: Plastic is stripped began levying $100 fines on New Yorkers dumping television sets and with an optical sorter to be sold on the commodities market, and metal computers on the curb. Manufacturers also pay the center to run col- components move on to a smelter across the Canadian border. Circuit lection programs required by New York’s e-waste law. boards are treated with chemicals to capture precious metals inside. About 2% of the 1 million pounds of e-waste the Ecology Center What’s reusable is sold back to manufacturers. “People hear ‘recy- receives each year goes to the Reuse Store, where shoppers can pur- cling’ and think it’s simple,” said Christine Datz-Romero, executive chase working tablets, hard drives and video games. The husks of some director of the Ecology Center. “They don’t appreciate how many outdated computers and television sets are rented as props to films and hands it goes through in the process.” — PETER D’AMATO PETER D’AMATO

JUNE 27, 2016 | CRAIN’S NEW YORK BUSINESS | 27 20151019-News--0017-NAT-CCI-IN_--.qxp 6/23/2016 11:40 AM Page 1 A SHOE-IN.

CBRE is honored to take home yet another REBNY Retail Deal of the Year.

(ULF*HOEHUEURXJKW)RRW/RFNHU·VÁDJVKLSPHJDVWRUH WR7LPHV6TXDUHSXVKLQJWKHERXQGDULHVRIWKH PDUNHWDQGVHWWLQJWKHSDFHIRUIXUWKHUH[SDQVLRQ RIWKLVUHWDLOKXE:H·UHSURXGRI(ULF·VDFFRPSOLVKPHQWV ³DQGRXUDELOLW\WRGHOLYHUDGYDQWDJHWKURXJKLQQRYDWLYH UHDOHVWDWHVROXWLRQVWKDWNHHS1HZ