CRAIN’S® NEW YORK BUSINESS

VOL. XXIX, NO. 43 WWW.CRAINSNEWYORK.COM OCTOBER 28-NOVEMBER 3, 2013 PRICE: $3.00

SANDY: 1 YEAR LATER

CAP LEADIN KO: caption readout KO go here and here and here and here

Waveof insurance woes getty images ⅢCHANGING COASTLINE 14 feet ⅢADDING INSULT TO INJURY THE SIZE OF THE STORM SURGE Skyrocketing costs could make that eventually Insurers sue their customers to crashed onto the walkway at Battery living near the water a luxury Park, Oct. 29, 2012 avoid paying millions in claims

BY JOE ANUTA AND THORNTON MCENERY 800K BY LISA FICKENSCHER THE NUMBER OF NEW YORKERS Mayor Michael Bloomberg last week confirmed what New Yorkers weather- expected to live in a Four New York Plaza, near the waterfront in lower Manhattan, was closed for three beaten by Sandy have known for a year: The cost of owning a home in a flood zone flood zone by 2050 months after Superstorm Sandy struck,forcing its tenants,such as JPMorgan Chase is going up. But even the mayor has not addressed the full extent of the cost and its and the Daily News, to move out temporarily, and its owners, an investment group, implications for the city’s coastal redevelopment. to sink tens of millions of dollars into repairs. Mr. Bloomberg announced the results of a city-commissioned study from the $135K Imagine the owners’ surprise in May when they were sued by two of their insur- Rand Corp.showing that the average annual cost for flood insurance will go up from AVERAGE ance companies, Aspen Specialty Insurance and Landmark American Insurance, in $430 to between $5,000 and $10,000. Other city officials have predicted worst-case INSURANCE CLAIM a pre-emptive bid to avoid paying a flood-insurance claim for $19.2 million. scenarios of up to $30,000 per year. by businesses that The shrewd legal maneuver is hardly uncommon, said Peter Gillon, a lawyer rep- have participated in Not included in the mayor’s report, however, is the fact that companies offering a state program to resenting 4 New York Plaza’s owners, a joint venture between HSBC Alternative In- homeowners’insurance,among them State Farm and Allstate,are quietly withdraw- resolve disputes with vestments Ltd. and Edge Fund Advisors. See CHANGING on Page 39 insurers See INSULT on Page 38 43 5 40UNDER40 ELECTRONIC EDITION 2014 40 UNDER 40 NOMINATIONS ARE OPEN.

NEWSPAPER GO TO WWW.CRAINSNEWYORK.COM/40NOMINATE TODAY 71486 01068 0 EDITOR’S NOTE

A bitter pill FYICRAINSNEWYORK.COM Thirty percent of Brooklyn’s 6,300 hospital beds are typically vacant. Labor costs can account for 70% of Health officials disagree operating expenses. At least four on best Brooklyn treatment borough hospitals are not finan- cially viable. With these realities in he Cuomo administration and Brooklyn’s mind, Stephen Berger had tough health care players are considering a proposal words last week for the 450 people to build a hospital in East Flatbush to Glenn Coleman T who attended a Crain’s symposium consolidate three of the borough’s struggling facilities. buck ennis on Brooklyn’s health crisis. For an estimated cost of $1 billion, the new hospital “Hanging on to be the last man standing, kicking the would replace University, Brookdale and Kingsbrook Jewish hospitals. can down the road to avoid tough political choices or Organizations such as the New York State Nurses Association continue to protest all attempts holding political rallies is not a plan or a planning to shutter Brooklyn’s troubled hospitals. process,” said Mr. Berger, a chairman of two state “When you close hospitals, you close primary care networks, and that’s what’s happening in commissions and one task force on health reform Brooklyn,” said Jill Furino, executive director of the nurses’ union, citing a “zero tolerance” policy since 2003. “Let’s go back to the real problems. on closures. She said a primary care network must exist before bigger changes take place. Brooklyn, with over 2.5 million people, is a city with Financial services executive Stephen Berger (pictured), who headed the state’s Medicaid high rates of chronic disease. … 46% of all Redesign Team’s Brooklyn task force, said a new East Flatbush hospital could make sense as part emergency-department visits could be averted of a 10-year plan for the borough—but only after a primary and urgent care infrastructure is put through high-quality preventive care in the in place. Closing some hospitals will be unavoidable, he said. communities. … A significant portion of inpatient Dr. Linda Brady, president of Kingsbrook, said she heard of the East Flatbush proposal only in care in Brooklyn hospitals would not be necessary if passing and that she would be open to further discussion. primary and other outpatient care was improved and “Our mission is about providing health care to a community,” Dr. Brady said. “If there is an inpatient care was managed more efficiently.” Mr. exploration of a solution, we would be at the table and not flat-out say no.” Berger told Brooklyn’s health care industry leaders WALL STREET FLAGGING. New York TION, LOCATION, LAWSUIT. Suzy that they can’t keep waiting for the state or federal state Comptroller Thomas DiNapoli Reingold, chief operating officer of HOORAY! government to deliver the billions of dollars needed warned that Wall Street’s profits may Cushman & Wakefield Inc., is suing A NEW STATE to shift from hulking old hospital-based medicine to slow this year on higher interest rates, her real estate brokerage for $20 mil- LAW gives political gridlock and ongoing litiga- lion, alleging sexual and age discrim- underage models new networks of primary care centers throughout the the same tion. Mr. DiNapoli projects overall ination. The 66-year-old exec said protections borough: “We and the Legislature have to come to earnings of $15 billion, down from she was passed over for the job of tris- provided to child grips with our historic bogeyman of private capital $23.9 billion last year (see Greg tate region president, which went to actors. investment and find ways of drawing new funds to David column, Page 13). … APPLE 38-year-old Ronald Lo Russo in- TAKES ON OFFICE. In an unexpected stead.… TIMESFOR A CHANGE.David the borough.”Thud. Some audience members challenge to Microsoft’s dominant Pogue, longtime author of The New grumbled. Unlike most states, New York has Office software, Apple announced York Times’ State of the Art column, restrictions that keep private-equity firms from that its iWork apps would be free to is leaving the newspaper to help build OY VEY! anyone who buys a new computer or a consumer-tech site for Yahoo. investing in local hospitals and ban publicly traded CAMMARERI mobile device. Billionaire activist in- Veteran Times editor Rick Berke also BAKERY, made companies from operating hospitals here. Judging by vestor Carl Icahn will depart to become famous by the the griping in the room, it will take more emergency chimed into the buzz executive editor at movie ‘People tend to Moonstruck, visits to bankruptcy court before the patient listens to by urging Apple to Politico.They are the didn’t make implement a $150 like them. … latest Gray Lady enough dough; it its best advice for long-term health. billion share repur- staffers to jump ship; filed for Chapter 11 bankruptcy. chase. … AN UGLY It’s clear. It’s star statistician Nate BARNEYS SUIT. Two bright. It really Silver left in July. … THIS WEEK IN CRAIN’S African-American GIRL SCOUTS’ WOES. shoppers accused does a good job Girl Scouts of the IN THE BOROUGHS------4 Barneys of racial pro- USA slashed about a London properties, while Third filing because they in providing quarter of its staff— Point launched an attack against its IN THE MARKETS------6 were detained after fresher light’ 85 jobs—in recent strategy and management, saying THE INSIDER ------8 buying items at the —Janette Sadik-Khan, city months, as the or- Christie’s International is gaining store. Trayon Christ- transportation ganization contends ground. Still, analysts project strong BUSINESS PEOPLE------10 ian and Kayla Phillips commissioner, describing with membership sales for November auctions in New OPINION ------12 said they were accost- the LED lights that are declines, infighting York (see story,Page 41). … QUEENS’ ed by police officers slated to replace existing and a controversial SHORT-LIVED SPHINX. Queens had its ALAIR TOWNSEND ------13 on separate occasions streetlights CEO. More than own replica of the Great Sphinx of GREG DAVID------13 after purchasing ex- half took buyouts, Giza, built by street artist Banksy— and 40 were let go. … SOTHEBY’S but only for a couple of hours. The REAL ESTATE DEALS------14 pensive goods. Mr. Christian filed a SHOWDOWN. SMALL BUSINESS REPORT discrimination suit against Barneys, Auction house Sothe- installation, made of smashed cin- CLASSIFIEDS ------33 the city and the NYPD. Some Jay Z by’s has two hedge funds on its case. derblocks and cement, was carried Our Growing a Business NEW YORK, NEW YORK ------41 fans want the singer to drop his holi- Marcato Capital Management wants away by a local auto-glass shop Guide offers resources for day collaboration there. … LOCA- the company to sell its New York and owner. —nazish dholakia entrepreneurs. P. 15 SOURCE LUNCH------42

CORRECTIONS (SEE PAGE 40)

vol. xxix, no. 43, october 28, 2013—Crain’s New York Business (issn 8756-789x) is published STORIES TO WATCH THIS WEEK weekly, except for double issues the weeks of July Fourth, July 29, Aug. 12, Labor Day and Christmas, by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid at New York, N.Y., and additional mailing offices. Postmaster: Send address Oct. 28: Ellis Oct. 28: Moreland Oct. 29: Bill de Oct. 31: The changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. Island, shuttered Commission public Blasio and Joseph Village Halloween for subscriber service: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one since Sandy hit a hearing on Lhota face off in Parade cruises up year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2013 by Crain Communications Inc. All rights reserved. year ago, reopens. campaign finance their final mayoral Sixth Avenue. reform debate.

2 | Crain’s New York Business | October 28, 2013 SANDY: 1 YEAR LATER Whipped by the storm, food businesses find a way back

flood zones saw extensive damage to Devastated by Sandy, Fairway’s Hundreds were expensive equipment and infra- Red Hook outpost sustained $20 shuttered. Some lost structure. Even those that were not million in damage—a total loss, be- flooded suffered from power failures cause building a new store typically everything. Here are that ruined perishable goods and costs as much. But the grocer, with three survival stories shuttered businesses.In lower Man- more than $660 million in sales in fis- hattan alone, the Downtown Al- cal 2013,had a few things in its favor: liance estimates, more than 320 The building structure was intact; BY JEN GELLER stores and restaurants were closed the company was well covered for over a week. through Lexington Insurance, a unit When Superstorm Sandy struck a Three food-related businesses in of AIG; and it had several other year ago this week, the restaurants, hard-hit areas of the city exemplify stores in New York, said President delis and grocers that make up the the challenges faced by so many of Bill Sanford. food industry here were some of the their peers—and their surprising re- “We didn’t miss a beat,” he said. city’s hardest-hit businesses, not silience. Fairway lost its Red Hook, “We have business-interruption in- least because they’re so ubiquitous. Brooklyn, store to flooding, but the surance that took care of our em- There are approximately 24,000 sizable company had strong insur- ployees when we were out, and we food businesses in the city, accord- ance and other locations that offset were able to retain all 400 employ- ing to the New York Restaurant As- losses. Stone Street Tavern in lower ees who work at our Red Hook sociation, which employ about Manhattan relied on loans from store. Once things got up and run- LEAVING NO STONE 300,000 people, making the indus- groups like the Downtown Alliance ning,we got buses that took them to UNTURNED: Owner try the third-largest employer in the to help it rebuild. Tiny Surfside other Fairways every day while we Croine O’Halloran five boroughs, just behind govern- Bagels in Rockaway Beach,Queens, recovered and rebuilt.” said Stone Street Tavern, which ment and health care. might not have recovered at all had Rebuilding the supermarket received aid from the Restaurants and grocery stores in it not been for a white knight. See FOOD BIZ on Page 40 Downtown Alliance, is still trying to get Biz returns to Staten Island. Customers don’t back on its feet. Sandy survivors struggle to reopen: crainsnewyork.com/video buck ennis

October 28, 2013 | Crain’s New York Business | 3 IN THE BOROUGHS MANHATTAN The battle of Bedpan Alley Yorkville locals balk at plan for yet another medplex in backyard SAVING TIME AND MONEY: Brian Sanders (left) is getting a BY ANDREW J. HAWKINS quick M.D. at NYU medical school. Also shown: Dr. Richard Lebowitz (middle) and Dr. Seth While many neighborhoods across Lieberman. the city are struggling to keep their hospitals from closing, residents of Yorkville on the Upper East Side have a different sort of battle on their hands. They are fighting to block yet another hulking medical center from rising in their midst— and they are losing. In the latest setback for the cam- paign,the City Council on Oct.9 ap- proved a proposal from Memorial Sloan-Kettering and Hunter Col- buck ennis lege to erect a 45-story,1.15 million- square-foot outpatient center on the FDR Drive between East 73rd and 74th streets. Pointing out that the Degrees on the fast track area is already chockablock with medical facilities, critics of the proj- ect want the new tower stopped. 162 who will participate in the new program that Some go so far as to insist that Graduate schools are offering shorter programs condenses four years of medical school to three. they’d rather see a smelly sanitation to reduce tuition fees and stem falling enrollment “That savings is a real opportunity,” said Mr. department garage built on the site Sanders, who will become an ear, nose and instead,a preference that might sur- the chance. throat doctor. “It is going to give me less stress prise many city officials. After all, BY THERESA AGOVINO The 22-year-old Brooklyn native estimated later in life.” less than a mile north, a group of that by eliminating a year of tuition, which costs NYU’s program is just one of several started outraged residents has spent hun- When Brian Sanders learned he could shave a $46,260, and other expenses such as room and by graduate schools around the city to help stu- dreds of thousands of dollars in re- year off his education by enrolling in New York board, he would save about $70,000. He is one dents grapple with the high cost of obtaining ad- cent decades in a losing campaign University School of Medicine, he jumped at of 16 students in the school’s incoming class of See DEGREES on Page 36 See HOSPITAL on Page 37 Landlord de Blasio failed to STATS AND THE CITY by Emily Laermer BOOZE BUST: Some 76 local businesses were caught selling alcohol to tell city board of rental income minors in a weeklong State Liquor Authority sting. 30% 34.6% given that in 2011 alone his rental code states that lawmakers are re- PORTION of the 250 stores investigated THE BRONX’S SHARE of the Conflicts agency left income was $47,500, according to quired to report “any income of that were charged with selling to minors, busts, the most of any in dark; campaign his 2011 tax return. He avoided tax $1,000 or more from each source down from 52% in spring 2012 borough, even though it’s liability that year by reporting derived during the preceding calen- home to just 11% of the cites no profit made $62,200 in deductions for the prop- dar year.” It also states that “real es- city’s liquor licenses on second home erty, where the candidate’s late tate rents shall be reported with the $10K source [tenant] identified by the MAXIMUM building address.” PENALTY for BY CHRIS BRAGG Lawmakers The disclosure requirements ex- serving a minor ist so the board can identify conflicts Mayoral front-runner Bill de Blasio must report of interest between public officials did not inform the city Conflicts of and their sources of income, such as 588 Interest Board of the tens of thou- ‘any income of tenants. It is unclear why the public LIQUOR LICENSES in ZIP code 10019, sands of dollars in rental income he advocate’s campaign considered his midtown west, the most of any NYC nabe received in recent years, Crain’s has $1,000 or more’ tax liability relevant to that. Mr. de learned. Blasio did disclose ownership of the City law states that elected offi- two-family property on his disclo- 34% 126 MANHATTAN MINORS, ages 12-20, who cials must disclose income from real sure form. NEW YORK DRIVERS, have consumed alcohol in the past month ages 15-20, who were estate rents, but forms Mr. de Blasio In 2004, Mr. de Blasio, his wife, involved in fatal alcohol- has filed annually dating back to his mother once lived. Chirlane McCray, and his mother, related car accidents in days as a City Council member A campaign spokesman argued Maria Wilhelm, purchased a two- Sources: New York State Liquor Authority, governor’s office, Substance Abuse and Mental Health Services Administration, 2011, less than half the show none since at least 2007 for a that because there was no net in- family home at 384 11th St. in Park National Highway Traffic Safety Administration number of a decade earlier

rental property he and his wife own come, the rental proceeds did not Slope,down the block from the cou- istockphoto in Park Slope, Brooklyn. The need to be reported to the conflicts ple’s primary residence. Mr. de Bla- ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY amount likely reaches six figures, board. But the city administrative See DE BLASIO on Page 40

4 | Crain’s New York Business | October 28, 2013 NO LIGHTS. NO WATER. NO HEAT. IT’S TIMES LIKE THESE WHEN YOU FIND OUT WHAT REALLY POWERS A GREAT HOSPITAL. NYU LANGONE MEDICAL CENTER IS PROUD TO BE RANKED #1 IN THE U.S. FOR QUALITY AND SAFETY.

New York had never seen anything like it. Hurricane Sandy wreaked havoc on the city. And NYU Langone was no exception. The lights went out, and there was no water or power. Yet, despite it all, our people rose to the moment, successfully evacuating and relocating every single patient. In spite of these challenges, NYU Langone Medical Center has been named #1 for overall quality and patient safety among leading academic medical centers across the nation, according to the University HealthSystem Consortium 2013 Quality and Accountability Performance Scorecard. It’s a remarkable accomplishment. And we’re proud of what it means. Not only to us, but to all of New York. What’s even more remarkable are the hundreds of NYU Langone employees who helped make it possible with their tireless passion and dedication to excellence. Thank you, all. A storm may have taken away our electricity. But we will never forget what really runs this medical center. IN THE MARKETS REAL ESTATE CONFERENCE by Aaron Elstein RESHAPING NEW YORK 2013 Crain’s New York Business will explore how the real estate market is preparing for the long haul as the economic recovery continues to evolve and new leadership enters City Hall. The conference will explore growth and opportunities for investors, developers and landlords and the affordability of New York.

PANEL DISCUSSIONS: > Tech Tenants Tell All > Plenary Session: Money is Power Thomas Etergino, Refinery29 Kevin Davis, Taconic Investment Partners Howard Lerman, Yext William Macklowe, William Macklowe Company Michael Rubenstein, AppNexus Alan Wiener, Wells Fargo Kevin P. Ryan, MongoDB and Business Insider Steven C. Witkoff, The Witkoff Group LLC ¡VIVA NUEVA YORK! > Reinventing Midtown Mayor Michael Bloomberg and Tommy Craig, Hines REGISTER TODAY: Santander Chairman L. Jay Cross, Related Hudson Yards, Related Companies crainsnewyork.com/events-realestate2013 Michael Phillips, Jamestown Properties Emilio Botín mark the William L. Zeckendorf, Zeckendorf Development, LLC rebranding of Sovereign Bank.

COST TO ATTEND: THURSDAY, NOVEMBER 7, 2013 office flickr mayoprs / nyc $250 individual tickets. Essex House New York $2,500 for table(s) of 10. Networking Breakfast – 8:00am - 8:30am You must be pre-registered to attend this event. No refunds permitted. Program – 8:30am - 12:00pm Sound Santander For more information, call Alexis Sinclair at 212-210-0739 or [email protected] aims high in NY Supporting Partner: ere’s a philosophical question for anyone in New For sponsorship information, call Lauren Black at 212-210-0736 or [email protected] York who uses a bank: If you decided to do business Hwith a global financial institution, would you seek out one that didn’t need bailing out or suffer serious blows to its reputation back in the financial crisis? Banco Santander hopes the answer is yes. Make that sí.The big Spain-based bank introduced itself Join Crain’s New York Business and the to New York in early October, when it put its name up on Partnership for New York City for a half day the 257 Sovereign Bank branches it owns in the area. conference to hear what’s ahead for the city’s Although Santander acquired Sovereign four years ago, it key industries and what ideas and concerns business leaders have about the economic held off announcing itself while it modernized branches, and fiscal issues facing the new mayor and cleaned up Sovereign’s loan portfolio, rebooted computer incoming city government. systems and bolstered staff.

DATE: Wednesday, November 20, 2013 “Step by step, definitely we’re But Santander has a rich history of working to improve the little fran- going overseas.Latin American op- LOCATION: Sheraton New York Times Square chise that we have in the U.S.,” said erations generate 51% of the bank’s TIME: 8:00 a.m. – 1:30 p.m. Santander Chief Executive Javier profits, versus just 24% for Europe. COST TO ATTEND: $349 for individual tickets(s). / $3,490 for table(s) of 10. Marin on a conference call last week. What’s more, it seems committed EVENT JOURNAL OPPORTUNITY: $5,000 for a table of 10 and a full page ad in the event journal. The next step is to familiarize to making a splash in the global fi- You must be pre-registered to attend this event. No refunds permitted. New Yorkers with Santander,which nancial capital of New York after For more information, contact Alexis Sinclair at 212-210-0739 or [email protected]. ranks as Europe’s second-largest some tough years navigating bank and whose market value of $95 through Spain’s real estate collapse. REGISTER TODAY: www.crainsnewyork.com/events-future2013 billion is as big as Deutsche Bank and In fact, management seems to Credit Suisse combined. To get the think that having so few New York- word out, the bank in the coming ers know about Santander is an ad- CONFIRMED SPEAKERS: CO-HOSTED BY: weeks and months will advertise in vantage. It means the bank’s name broadcast and print media as well as hasn’t been tarnished in recent Jeff Bewkes, Chairman & CEO, Time Warner Inc. on billboards around the city. years, unlike that of rivals JPMorgan Bettina Damiani, Project Director, Good Jobs New York At the same time, its modest Chase, Citigroup and HSBC.“We have Thelma Golden, Director and Chief Curator, Studio Museum of Harlem army of 1,100 New York-based one of the strongest global brands Barry M. Gosin, Chief Executive Officer, Newmark Grubb Knight Frank bankers will be pushing to generate out there,” said Mr. Dawson. Carol Kellermann, President, Citizens Budget Commission Andrew Kimball, Director of Innovation Economy Initiatives, Jamestown Properties new consumer and business ac- There is evidence that such a PRESENTING SPONSORS: Honorable Brad Lander, Member, Council of the City of New York counts, targeting everything from thing matters, at least to some peo- Steve Malanga, Manhattan Institute Senior Fellow, City Journal Senior Editor small companies to large corporate ple.For instance,Citi had 7.4% of all William L. McComb, Chief Executive Officer, Fifth & Pacific Companies, Inc. customers. “We’re going for all of deposits in the New York area back Carol O’Cleireacain, Former New York City Commissioner and Budget Director it,” said Peter Dawson, Santander’s in 2007, according to FDIC data. It Jon Oringer, CEO, Shutterstock corporate banking market director now has 6.2%.Likewise,HSBC had Charles E. Phillips, Jr., Chief Executive Officer, Infor for New York. 5.8% of the region’s deposits before Seth Pinsky, Executive Vice President & Investment Manager, RXR Realty LLC Given that the old Sovereign the crisis years and now has 5%. So Douglas C. Steiner, Chairman, Steiner Studios franchise stacked up as the 13th- even though the New York banking Marc Tessier-Lavigne, President, The Rockefeller University largest bank in the area—with a scene is already dominated by a Mary Ann Tighe, CEO, New York Tri-State Region, CBRE, Inc. CITY SUPPORTERS: market share of just 1.3% of the re- handful of global banks, for clean- gion’s deposits, according to FDIC cut newcomer Santander there For event information, visit: data—there’s a lot of room to grow. should be ample opportunity. Ⅲ www.crainsnewyork.com/events-future2013

For sponsorship information, contact Lauren Black at 212-210-0736 or [email protected]. THE VALUE of Union Square Ventures’ stake in Twitter, assuming the social-media $557M company goes public at $20 a share. Fred Wilson’s VC firm invested “a few million” in Twitter six years ago.

6 | Crain’s New York Business | October 28, 2013 Today’s the day Running your small business just got a little easier.

Because today’s the day your small business has access to a variety of low-cost, quality health plans with less administrative burden to you. Introducing New York State of Health, the official health plan marketplace. Through it, you can offer employees a simple, one-stop shop to review, compare, and enroll in a range of certified, low-cost health plans. And only through New York State of Health can you get available tax credits that lower your business costs even more.

If you have 50 or fewer employees, learn more at nystateofhealth.ny.gov or call 1-855-355-5777, or talk to your broker.

©2013 NY State of Health THE INSIDER BE PREPARED by Chris Bragg newscom Alabaman’s suit riles NY politics federal appellate court ruling last week allowing After Sandy, Bloomberg L.P. decided to waterproof its New Yorkers to make unlimited donations to a infrastructure with Kryton’s Krystol Internal Membrane Republican super PAC may be too late for GOP A Joseph Lhota mayoral nominee . But it foretells a major shift (KIM) and the help of Dry Concrete. in local elections by opening the door for affluent Dry Concrete individuals and businesses to exert more political clout. Representatives of the super PAC, New York Progress and &U\VWDOOLQH:DWHUSURRÞQJ6SHFLDOLVWV 646.404.7272 (NY Tri-State Area) Protection, ostensibly brought the case to help Mr. Lhota, www.kryton.com 617.973.5100 (MA) www.dryconcrete.com and say they will hustle to do so with the Nov. 5 election against heavily favored Democrat Bill de Blasio nearly at hand. Evidence is scant, though, that the PAC did much to promote Mr. Lhota before the ruling, raising the possibility that the PAC simply used his candidacy as a pretense for challenging New York state’s campaign finance law. The pro-Lhota PAC, which has not reported raising any money, argued that Alabama businessman and active GOP donor Shaun McCutcheon (above) intended to give it $200,000, only to be stopped by New York state’s $150,000 annual limit on gifts to New York campaigns, including PACs independent of candidates. Mr. McCutcheon has a similar case before the U.S. Supreme Court, backed by national Republican interests.

Mr. McCutcheon has never formed by ex-staffers of former made a donation to Mr. Lhota or Mayor Rudy Giuliani, has raised any candidate for city, state or fed- $536,000, including $145,000 eral office in New York, according from billionaire David Koch and his to campaign finance records avail- wife. able last week. He did not respond Meanwhile, last week a PAC to a request for comment about his funded by organized labor began motivations for the lawsuit. airing television ads criticizing Mr. Lhota trails Mr. de Blasio Mr. Lhota. The group, NY by more than 40 points in public Progress, said the $1.2 million ad polls. Such a large, late deficit will blitz would continue through likely dissuade deep-pocketed Election Day. donors from opening their check- While last week’s ruling struck books, experts said. down the state limit only for the “There’s so little time left, and PAC that brought the lawsuit and the margin in the polls is so signif- only for this particular election, it icant,that even though it’s a break- strongly indicated that the cap on through, and even with a strong donations will soon be invalidated. debate performance [by Mr. Lho- That would make it possible for ta on Oct. 22], convincing donors a few wealthy donors to bankroll to write big checks at this stage in candidates, making it easier for of- the game could be an uphill climb,” fice seekers to win without person- said political consultant Bradley al fortunes or labor support. State Tusk, who ran Mayor Michael law also restricts the amount cor- Bloomberg’s 2009 campaign and has porations can give annually in New deep connections in the business York elections to $5,000, a limit community. that is also being challenged in a Another pro-Lhota super PAC, separate federal case. Ⅲ QUOTE OF THE WEEK: ‘What color is the sky on your planet?’ —Joseph Lhota to rival Bill de Blasio during their Oct. 22 mayoral debate

8 | Crain’s New York Business | October 28, 2013 BE A PART OF OUR BENCH.

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To view this unique inventory log onto www.nba.com/nets/signage or contact Brett Yormark at [email protected] BUSINESS $145K Median salary for recent law-school grads working full-time in NY, the highest in the U.S. PEOPLE Source: National Association for Law Placement

EXECUTIVE MOVES

Hearst Corp.: Neeraj Khemlani,43,was promoted to co- president of Hearst Entertainment & Syndication at the media company. He was previously senior vice president and chief creative officer of Hearst Corp. George Kliavkoff, 46, was promoted to co-president of Hearst Entertainment & Syndication. He will continue as president of Hearst Ventures. Pitney Bowes: Christoph Stehmann, 51, was promoted to president of e-commerce and shipping solutions at the technology solutions company, a newly created position. He was previously president of document messaging technologies. Lila Snyder, 41, joined as president of document messaging technologies. She was previously a partner at McKinsey & Co. Michael Aram Inc.: Samuel Shaffer,52, joined the luxury home-decor brand as chief executive. He was previously senior vice president at Edward Ferrell + Lewis Mittman. Daryl Roth Theatrical Licensing: Erica Lynn Schwartz,32, joined as director. INKED IN: In She was previously addition to giving director of folks a fresh start, development for Dr. David Ores off-Broadway manages a health company MCC. co-op for restaurants MarketAxess Holdings Inc.: and their workers. Jane Chwick, 51, was appointed to the board of directors at the electronic buck ennis trading company. She will continue as GOTHAM GIGS advisory director at Goldman Sachs. PubMatic: Richard Sobel, 37, was promoted to senior director of the account management and platform solutions division at the publishing technology company, a newly created position. He was previously director of Tats not all, folks product marketing and platform strategy. The Fader: Graham Heth, 35, was promoted to associate publisher at the Doc removes tattoos of those seeking new start music publication. He was previously advertising director. Over the years, Dr. David Ores has covered both Restaurants average one or two visits per month; a Melissa Rivera Sosa, 25, joined as A specialty advertising operations manager. She his arms and upper back with tattoos. He likes to doctor gets paid only when he sees a patient. ¶ was previously format administrator at that do the opposite for his patients. Dr. Ores is the Because Dr. Ores has no other staff, his costs stay the Nielsen Co. Alison Warren, 28, joined as account founder of Fresh Start, a service that removes low. As a result, he can afford to see low-income manager. She was previously account focuses tattoos for free from people coming out of prison patients. “If I took insurance, I’d have to bill $250 executive at amNewYork/Newsday Media Group. on hands or leaving gangs.The side gig is just another per visit just to get $40. Now I can just take my Grant Thornton: Mike expression of Dr. Ores’ colorful approach to $40 and I’m done.” ¶ His tattoo removal focuses Bernstein,54,was and necks medicine. ¶ A graduate of Columbia University on hands and necks—areas that pose big barriers promoted to co- chair of the Metro Medical Center, Dr. Ores has avoided taking to employment. He’s removed about 200 tattoos New York Cluster private health insurance since he started his since 2006, working out of his practice on the Senior Partner Advisory Council practice in 1993. “I don’t think they’re evil or Lower East Side, near his home. He would like to and industry leader misguided,” he said, “but I know for a fact a for- do more but his marketing is limited, as was the for the real estate investment trust practice at the profit corporation is the wrong instrument to laser he used, which could remove only certain accounting and financial services firm. provide health care.” ¶ Dr. Ores, 55, started a colors. Five doctors in other states are donating He will continue as an audit partner. health care co-op for restaurant workers. their services, and he’s asking tattooed NBA Esther Escapa, 53, was promoted to industry leader for its construction, Restaurants—there are about 30 so far in New players to spread the word. ¶ “Just the fact that real estate, hospitality and restaurants York City—pay a monthly fee, from $50 to $400, you helped someone can change their perception practice in the Metro New York Cluster. She will continue as an audit and any of their employees can see one of four of the world,” he said. “I think that helps them partner. participating doctors when they need to. know it’s not so bleak.” —irina ivanova —eva saviano

10 | Crain’s New York Business | October 28, 2013 Sam’s been busy getting deals done.

Give him a call at: 212-409-1259 We’re with you.

Now open in NY | www.bankunited.com BankUnited, N.A. Member FDIC OPINION CRAIN’S NEW YORK BUSINESS

The city after Sandy editor in chief Rance Crain publisher, vp Jill R. Kaplan t’s been a year since an unprecedented 14-foot mitigate the impact of future storms, as did numerous EDITORIAL editor Glenn Coleman storm surge threw much of New York City into advocacy groups and industry associations. A $20 million managing editor Jeremy Smerd chaos and misery. Many residents and businesses federal study was ordered. Dozens of forums and deputy managing editors Valerie Block, Erik Ipsen took months to recover from Superstorm Sandy, conferences were held, with experts airing their views on assistant managing editor Erik Engquist and more than a few still haven’t. But beyond its what must be done.The recommendations ran into the senior producer, news Elisabeth Butler Cordova news producer Amanda Fung impact on individual victims, the disaster has hundreds, including: Erect sea walls, buy flood-prone contributing editor Elaine Pofeldt changed the way we think about planning and properties and return them to nature, elevate buildings, ban columnists Greg David, Steve Hindy, Alair Townsend crain’s health pulse editor Barbara Benson development in the city. Every project is now seen in the basements, create natural buffers, and extend lower senior reporters Theresa Agovino, context of how it would fare if the ocean rose up and Manhattan and build a “Seaport City” there. Aaron Elstein, Lisa Fickenscher, Matthew Flamm, I Daniel Geiger, Adrianne Pasquarelli overwhelmed us again. Climate change has gone from For the layman, making sense of all these possibilities is reporters Joseph Anuta, Chris Bragg, esoteric to tangential. Emergency preparedness has taken on difficult. But while the engineers and urban planners Andrew J. Hawkins, Thornton McEnery reporter/videographer Ken M. Christensen a new urgency. continue their work, web reporters/producers Nazish Dholakia, Perhaps most concerning is that Sandy has cast our view political leaders must Irina Ivanova Every project is art director Steven Krupinski of the waterfront in a new and ominous light. It’s a marked hew to certain deputy art director Carolyn McClain contrast from the pre-Sandy years, when reclaiming the now seen in the principles. Some are staff photographer Buck Ennis obvious: Be flexible, copy desk chief Steve Noveck waterfront from the disuse of the post-industrial era was a context of the copy editor Thaddeus Rutkowski big part of the city’s resurgence. Housing sprang up, rather than apply the data editor Suzanne Panara assistant data editor Emily Laermer esplanades were built, parks were created and ferries were next big storm same solution researchers Elena Popina, Eva Saviano launched, connecting New Yorkers with an asset they had everywhere. Others are ADVERTISING, MARKETING AND PRODUCTION long forgotten or never knew.The Bloomberg challenging: Dissuade senior account managers Irene Bar-Am, David Harkey, Jill Bottomley Kunkes, administration crafted a vision to continue this renaissance private-property Courtney McCombs, Suzanne Wilson for decades. But in a matter of hours last October, Mother owners from director of custom content Trish Henry sales coordinator Lauren Black Nature reminded us just how vulnerable that waterfront is. shortsighted rebuilding decisions that put other taxpayers on newsletter product manager Alexis Sinclair The question of where to go from here has yet to be the hook. credit Todd J. Masura (313-446-6097) director of audience & content resolved.The Federal Emergency Management Agency Above all, we must not abandon our waterfront again. partnership development Michael O’Connor revised its city flood maps, roughly doubling the area it New York’s proximity to water was the reason the city was senior marketing manager Catherine Schutten considers at the greatest risk.The Bloomberg and Cuomo established here in the first place. It should be a featured director of conferences & events administrations produced extensive reports outlining ways to element of our future. Courtney Williams reprint sales manager Lauren Melesio production and pre-press director Simone Pryce advertising production manager CRAIN’S ONLINE POLL COMMENTS Suzanne Fleischman Wies

ONLINE AND INTERACTIVE SERVICES senior web developer, interactive Chris Tumminello Wheel serious on S.I. TO SUBSCRIBE: For print and digital subscriptions or customer A TRADESMAN’S VIEW The Editor’s Note speaks of candidacy (“Joe Lhota for service, e-mail [email protected] “featherbedded” jobs for New mayor,” Oct. 21), where he has or call 877-824-9379 (in the U.S. and Canada) or 313-446-0450 (all other locations). $3.00 a copy for

wide world photos wide The Editor’s Note “ULURP Jersey residents. I am from the upper hand. Even many de / the print edition; or $99.95 one year, $179.95 two ap usurped” (Oct. 21) implied that Staten Island and, like Blasio supporters would concede years, for print subscriptions with digital access. the city’s land-use review thousands of building trades that their candidate doesn’t www.crainsnewyork.com/subscribe WHO WON THE SECOND process has been undermined. members here, I have been measure up when it comes to TO ADVERTISE: MAYORAL DEBATE? I attended the community unemployed within the past managerial skill, background board meetings in relation to year. It is true that some and knowledge of the inner Contact Lauren Black at JOSEPH LHOTA. He put Bill de Blasio on the [email protected] or call 212-210-0736. the Empire Outlets/New York members live in New Jersey. workings of city government. www.crainsnewyork.com/advertise defensive and finally stood up for his old boss, Wheel project. Councilwoman Many have left the city because The fact that Mr. Lhota has Rudy Giuliani. Debi Rose is doing the work of of the high cost of living. New not been able to capitalize on FOR INFORMATION ON OUR EVENTS: the people:The opinion that the York City and Staten Island in his advantage in this area, Contact Courtney Williams at BILL DE BLASIO. He protected his big lead in [email protected] or 212-210-0257. the race, made his points and didn’t lose his building of the Empire Outlets particular should demand jobs however, is neither a surprise www.crainsnewyork.com/events cool. should provide jobs that provide that enable people to live here. nor his fault. While managerial health benefits, a good wage and The jobs that the outlets’ skill and knowledge may be TO CONTACT THE NEWSROOM: MAURICE DUBOIS. The candidates were retirement security was voiced developer has offered are not critical to being a successful 711 Third Ave., New York, NY 10017-4036 unimpressive, but the moderator shined. Too so loudly that the community going to do that. mayor, they are not as editorial phone: 212.210.0277 bad he’s not running. fax 212.210.0799 board recommended the project —robert holst important when it comes to Entire contents ©copyright 2013 Crain Communications Inc. Date of poll: Oct. 23 have an agreement with the winning elections.This is part All rights reserved. ®CityBusiness is a registered trademark 151 votes building trades. LHOTA’S UNUSED EDGE of the great divide between of MCP Inc., used under license agreement. The developer speaks of campaigning and governing in CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS projected rents not covering the We’ve heard a lot about the the U.S. We judge candidates Keith E. Crain 25% chairman expense of providing good jobs. enormous gap in the polls that based on their ability to excel at president Rance Crain Staten Islanders need jobs, that separates Bill de Blasio from Joe certain skills—but not treasurer Mary Kay Crain is for sure. But they need quality Lhota.There is another big gap necessarily those they need to Cindi Crain jobs; jobs they can raise a family that has received less attention: succeed once in office. executive vp, operations William Morrow 60% with; jobs that will enable them the experience gap. —jeanne zaino executive vp, director of strategic 15% to shop in the high-end outlet While Mr. Lhota is a The author teaches in the political operations Chris Crain stores being built. Otherwise frustratingly flawed candidate, campaign management program at senior vp, group publisher Gloria Scoby David Kamis the mall will be nothing but a this is the one area, as noted in New York University’s School of vp/production, manufacturing blight on the community. Crain’s endorsement of his Continuing and Professional Studies. founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) secretary Merrilee Crain (1942-2012) FOR THIS WEEK’S QUESTIONS: CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send columns of 475 Go to www.crainsnewyork.com/poll to have your say. words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number.

12 | Crain’s New York Business | October 28, 2013 Part of that change includes 450 miles of bike lanes and the creation Mike’s team a model of inviting seating areas in places that once held only cars. Some, especial- ly taxi drivers, snort at the inconven- for the next mayor ience of Transportation Commis- sioner Janette Sadik-Khan’s initiatives,but to me they provide at- ast week, another organization joined the growing tractive public space for weary IN THE FACE OF ADVERSITY, list of those saluting Mayor Michael Bloomberg tourists and city dwellers to enjoy. TIME WARNER CABLE BUSINESS CLASS and his team for 12 years of sustained, creative A transformation in public health came at the urging of former Health HELPS BUSINESSES WEATHER THE STORM. leadership of our city. In this case it was Lincoln Commissioner Dr.Tom Frieden.He Center, which, like many other cultural institu- persuaded the mayor to ban smoking It’s no secret business continuity planning is critical in and helps ensure that calls connect when and where tions here, has benefited from the mayor’s understanding of the in bars and restaurants and to require today’s ever-changing business environment. Ensuring customers intend. business continuity is a visible way of not only meeting L food chains to post calorie counts. TWCBC Trunks make it simple to put a reliable voice vital role they play in enhancing tourism and the quality of life customer expectations, but also helping safeguard a solution in place that is easily managed through a us- New Yorkers’life expectancy now ex- company’s reputation in a highly competitive market- for all of us. The city’s Department of Cultural Affairs, under er-friendly customer web portal that is available 24/7. ceeds that of the nation’s. place. Being prepared for the unexpected is vital to In the event of an unplanned outage or during peak With the help of Deputy Mayors the success of any business. In 2012, Hurricane Sandy calling periods, TWCBC customers can use Alternate proved this statement to be true. the inspired leadership of Commis- Patti Harris, Marc Shaw, Linda Routing or Trunk Overflow to have inbound calls routed sioner Kate Levin, contributed sig- Gibbs and Cas Holloway, city gov- Hurricane Sandy went on record as the most destruc- to another location, without ever having to call techni- nificant support for the redevelop- ernment has functioned smoothly tive storm of the Atlantic hurricane season and it be- cal support. In addition, TWCBC’s flexible options allow ment of the Lincoln Center campus. and remarkably scandal-free. came the second-costliest hurricane in United States customers to choose a voice solution that can meet the The capacity crowd also cheered Many mayors had tried to get the history. This storm was yet another reminder of the challenging demands of today and is highly scalable for loudly for Police Commissioner Ray state Legislature to approve mayoral importance of reliable voice and data communications the uncertainties of tomorrow. and the need for seamless connectivity. But business Customers who choose TWCBC have the added benefit of Kelly, who has led the way in mak- control over our public schools, but continuity is not just about historic, high-profile di- getting all their communication services from a single ing New York one of the safest big Mr. Bloomberg succeeded. He has sasters; it’s about being ready for anything that can provider – one with an outstanding record of reliability cities in America. People remember greatly increased the number of cause costly disruption to a business. That’s where and award-winning service. Time Warner Cable Busi- Time Warner Cable Business Class Voice Services can well when this was not the case. charter schools and focused relent- ness Class ranks “Highest in Customer Satisfaction with help turn the tide. Earlier this fall, the Citizens lessly on improving school perform- Large Enterprise Business Wireline Service” in the J.D. Budget Commission honored the ance.He gets an A for effort,at least. Time Warner Cable Business Class (TWCBC) offers Power 2013 U.S. Business Wireline Satisfaction Study. mayor’s economic and fiscal team. ALAIR TOWNSEND Mayors should be judged on the secure and reliable Voice Services that leverage In- TWCBC’s reliable, local and dedicated support special- Deputy Mayors Dan Doctoroff,Bob people they choose to surround ternet Protocol (IP) technology to route calls over its ists are available 24/7 to help ensure customer needs extensive, fiber-rich network. Calls are not routed are met – when they need help the most. Lieber and Bob Steel provided the them. Overall, his team has been su- across the public internet and TWCBC does not rely Let a TWCBC communications specialist help you imple- vision and energy for projects such as Their colleagues in these efforts perior, and chosen on their merits. on the local phone company for “last-mile” access in ment a scalable communications solution and assist you the tech-focused Cornell campus on were the presidents of the Econom- He didn’t hire from names submitted delivering calls to its customers. Both the technol- in preparing for tomorrow. For more information, visit ogy utilized and its network ownership gives TWCBC Roosevelt Island; the ambitious ic Development Corp.—Andrew by political bosses or those who business.twc.com or call 866-906-3250 to learn more. PlaNYC, to make the city greener Alper, Seth Pinsky and Kyle Kim- helped elect him. Patronage as we superior control over the quality of its Voice Services and more resilient; the proposed re- ball—and City Planning Commis- generally perceive it seems nonexist- zoning of midtown east; and the re- sioner Amanda Burden. More than ent.As much as anything else,his ad- BUSINESS.TWC.COM development of our sprawling water- one-third of the city has been re- ministration’s success stems from front. They brought their business zoned, making it easier for develop- how he chose his team.What worries experience and insights to help the ment to proceed.Together,they have so many of us who applaud his tenure city grow its economy for decades. transformed the face of New York. is what the next mayor will do.

Earnings are artificially higher Paving over potential because of historically low interest rates. Wall Street borrows tens of billions of dollars every day, and when it starts paying 2% instead of Wall Street sinkhole 0.25%, profits will go poof. And then Wall Street will have no choice but to recognize how much its ew York state Comptroller Thomas DiNapoli re- business has imploded. Revenue last leased his annual report on the state of Wall Street year, $161 billion, was less than half last week. His message was reassuring: Wall the revenue for the peak year of 2007, $352 billion.This year may be worse: Street has made an impressive comeback from Goldman Sachs’ third-quarter rev- the financial crisis,is still profitable and well com- enue fell by 20%—and we’re talking pensated, is a major contributor to city and state tax revenues, about the industry’s best-run name. N If that happens, securities firms and is a driving force in the local economy. will shed employees by the tens of I think that conclusion is premature. Here’s why. thousands and finally take an ax to pay. With revenue at 1990s levels, The “Wall Street will be OK’’sto- bonuses will return to that decade’s ry goes like this: Securities firms are norms, too.There goes the Street as adapting reasonably well to new reg- a driving force in the economy. ulatory demands and volatile mar- City and state budgets will be en- kets. Employment is down about gulfed in red ink, too. At its peak, 16% from 2007, but profits and total Wall Street provided 24% of all the pay remain high by any measure— revenue for the state and 13% for the and last year both profits and pay city. Last year, the figures were 16% came in at their third-highest levels and 8.5%, respectively (up slightly), ever (still too high for Wall Street’s although they were artificially in- legions of critics).The state’s comp- flated by the way high-income wage troller worries that the federal gov- earners accelerated income (divi- ernment shutdown may depress dends, capital gains and bonuses) to profits this year, and he does admit GREG DAVID avoid the higher federal tax rates that low interest rates have helped that took effect this year. securities firms a lot, but his overall The city’s economy is more di- outlook is pretty bullish. ants and others hired to deal with versified today, but not enough to Here’s another way to look at it. new regulations and investigations. avoid trouble if this doomsday sce- The employment numbers are as These people are a cost;they produce nario comes to pass.That’s why I re- high as they are only because of the no revenue and will be jettisoned as main worried about Wall Street and thousands of lawyers and account- soon as they are no longer needed. the city’s prospects.

October 28, 2013 | Crain’s New York Business | 13 REAL ESTATE DEALS BARE BONES 463 SEVENTH AVE. right there is exciting for tenants,” the sixth.Eric Gural,a said Eric Cagner, a broker with broker at Newmark ASKING RENT; TERM: $38 Tech tenants plug Newmark Grubb Knight Frank whose family owns per square foot; six years, three months who represented Vision Critical in 440 Lafayette St., let the transaction. Curious Pictures out SQUARE FEET: 5,400 The space has many of the aes- of its lease for the sixth TENANT; REP: Knoles & into Astor Place thetic touches that tenants have mi- floor because he was Carter; David Levy of Adams grated to midtown south to get.The confident he could & Co. ttracting companies such as online auctioneer 1stdibs and so- sixth floor has 15-foot ceilings as quickly find another LANDLORD; REP: Arsenal cial-media giant Facebook in recent months, the area around well as skylights. taker. Co.; Mr. Levy Astor Place is clearly gaining traction as a destination for tech- The location opened up when The deal follows a BACK STORY: The Long Island-based clothier, which driven office tenants. Curious Pictures, an animation 40,000-square-foot specializes in leather outerwear, will use the eighth- Now Vision Critical, a software company, will be the latest company with offices in Los Ange- agreement last week in floor space for offices and showrooms. Ato take space in the neighborhood. The company is leasing nearly 17,000 les and New York,decided to down- which 1stdibs, an auc- square feet—the entire top floor in the six-story building at 440 Lafayette St. size. The firm, which had occupied tion company that specializes in the sign on at 51 Astor Place, the office The asking rents in the seven-year deal were in the $50s per square foot. the top two floors, consolidated its online sale of one-of-a-kind, high- building that just opened across “Having Cooper Union and NYU and the East Village and the Bowery space on the fifth floor, opening up end items,became the first tenant to from Cooper Union. Mr. Cagner represented 1stdibs in that deal. During the summer, Facebook signed on for 160,000 square feet at nearby 770 Broadway, in another major deal in the neighborhood. —daniel geiger We’re in the business of ideas.

Under Armour to Yours. bow on lower B’way New York athletes will soon have a new place to purchase their wicking pullover hoodies, compression shirts and more.Under Armour,the $1.8 billion-in-sales, Baltimore- based sportswear behemoth, has signed on for its first New York City location, according to real estate in- Good ideas drive good business. siders. The company is taking 20,300 square feet at 583 Broadway, We know. We’re part of a leading global bank that’s been helping businesses pursue their ideas and grow for on the edge of SoHo, in a property owned by Texwood Investment Inc. over 150 years. Everything from small local businesses to some of the largest multinational companies in the The space, which formerly housed Esprit, includes about 7,800 world, including thousands of clients right here in the U.S. With resources both near and far, we’re ready to square feet on the ground floor and help you make your ideas a reality. 6,400 square feet on the second floor, according to CoStar Group Inc.The space also has a basement of around But enough about us – What’s your idea? 7,000 square feet. The brokers who represented Texwood, Joshua Strauss and To learn more, please contact Peter Dawson at [email protected]. Taryn Talmadge of RKF, declined to comment. Newmark Grubb Knight Frank Retail,the broker for Under Armour, also would not comment. The SoHo shop is expected to open for business next year. Nike is also rumored to be opening a Nike- town outpost nearby. Such activity, along with interest from luxury re- Small Business Commercial Large Corporate Real Estate tailers, has helped to shove SoHo’s asking rents through the roof in re- cent years. Current prices are about Lending Cash Management Capital Markets International Solutions $750 a square foot,according to a re- cent Real Estate Board of New York report, a jump of 36% over spring Santander Bank, N.A. is a Member FDIC and a wholly owned subsidiary of Banco Santander, S.A. “Santander” and its logo are registered trademarks, and “a bank for 2012 levels. your ideas” is a service mark of Banco Santander, S.A. or its affi liates or subsidiaries in the United States and other countries. ©2013 Santander Bank, N.A. Under Armour did not return calls requesting comment about the Manhattan flagship. —adrianne pasquarelli

14 | Crain’s New York Business | October 28, 2013 SMALL BUSINESS B MORE LISTINGS E For local development corporations, W small business development E

H centers, utility services, libraries T and export assistance, visit N REPORT O crainsnewyork.com/smallbiz-guide Growing a Business

Advice and Guide Education P. 17 Targeting resources for small business aid in New York City Business FINANCIAL ASSISTANCE Improvement Districts The following organizations provide financial assistance or P. 20 incentives to small businesses that are expanding in or Chambers of relocating to the New York area. Commerce ● ACCION EAST COAST AND ONLINE president, (718) 590-8310 P. 20 Assistance for Provides loans ranging from $500 to Michael Nixon, credit analyst, $50,000 to small business owners (718) 590-8310 Women and who do not qualify for traditional Email: [email protected] Minorities financing. Offers Sprout Loan Website: www.boedc.com product for those business owners ● BRONX OVERALL ECONOMIC P. 18 who want to start businesses out of DEVELOPMENT CORP.—BRONX Procurement their homes. Contact: INITIATIVE FOR ENERGY AND THE Help Financial Alejandra Boggiano, ENVIRONMENT communications manager, The Bronx Environmental Revolving Loan P. 19 Assistance (866) 245-0783 Fund Lauren Yothers, online marketing offers loans of $10,000 to $100,000 P. 15 associate, (866) 245-0783 for the implementation of energy- Email: [email protected] efficiency measures and environmental Website: www.accionusa.org technologies. The BOC administers the Empowerment Zone Brownfield Loan ● AMERIMERCHANT Fund and offers other loans of $10,000 Offers various alternative financing to $1.2 million. programs that provide businesses with Contact: Michael Nixon, credit analyst, $5,000 to $500,000 in working capital. (718) 590-8310 Contact: Gary Lockwood, director of Email: [email protected] business development, Website: www.boedc.com (212) 779-2100, ext. 111 ● BUILD NYC Andrew Altschuler, vice president of sales, (212) 779-2100, ext. 111 As a conduit bond issuer, Build NYC Ammad Sheikh, director of marketing, facilitates access to private-activity, tax- (212) 779-2100, ext. 111 exempt bond financing for eligible Email: borrowers and projects. [email protected] Contact: Website: www.amerimerchant.com (212) 312-3600 Email: [email protected] ● BOC CAPITAL CORP.—BUSINESS Website: www.nycedc.com/build-nyc OUTREACH CENTER NETWORK ● BUSINESS CENTER FOR NEW Provides financing (up to $70,000) to AMERICANS startup and existing community businesses. Focuses on lending to Offers resources for business minority, women, immigrant and low- development, including technical income entrepreneurs. assistance, microloans of up to $50,000 Contact: Monica Guevara, manager of and training in e-commerce and business lending services, BOC, (718) 624-9115 management.The center is equipped Email: with a technology lab. [email protected] Contact: Website: www.bocnet.org Yanki Tshering,(212) 898-4112 Email: [email protected] ● BRONX OVERALL ECONOMIC Website: www.nybcna.org DEVELOPMENT CORP.—BRONX ● EMPOWERMENT ZONE BUSINESS INITIATIVE CORP. OF NEW YORK Offers a variety of low-cost financing programs for businesses located in the Allows businesses to obtain financing at zone. reduced rates with 10% down. Loans istock Contact: Kate Shackford, executive vice Continued on Page 16

October 28, 2013 | Crain’s New York Business | 15 REPORT SMALL BUSINESS GROWING A BUSINESS GUIDE

FINANCIAL ASSISTANCE business services, (718) 282-2500 companies in economically hard-hit Email: [email protected] regions. Continued from Page 15 Website: www.camba.org Contact: Clayton Besch, director, can be used to purchase real estate or ● (518) 292-5700 equipment, or cover land improvements EMPIRE STATE CERTIFIED DEVELOPMENT Email: [email protected] 28% 69% and costs associated with projects. CDC: THE 504 COMPANY Website: PORTION OF NY SMALL PORTION OF NY SMALL Contact: Madeline V.Marquez, vice Certified by the U.S. Small Business www.esd.ny.gov/smallbusiness/sbtif.asp BUSINESS OWNERS who BUSINESS OWNERS who plan president, (718) 590-3980 Administration to provide financing, to grow their businesses in the Email: ● GUST have plans to hire, [email protected] with a lending partner, of up to 90% for next six months, down from Website: www.bicofny.org projects involving acquisitions and/or Gust is the central website of the compared with 35% improvement of real estate, machinery organized business angel-investment nationally 82% in the spring ● BUSINESS OUTREACH CENTER NETWORK and equipment. world. It provides entrepreneurial Contact: Amy Feldman, director of Contact: Chet Sadowski, senior vice companies with the tools they need to programs, (718) 624-9115 president, (212) 785-5642 manage their seed-funding rounds, find Source: American Express Open Email: [email protected] Email: [email protected] early-stage investors, enter business- Website: www.bocnet.org Website: www.nybdc.com plan competitions and apply for financing from angel groups. president, (212) 785-5642 assist with applications. ● BUSINESS OUTREACH CENTER ● EMPIRE STATE DEVELOPMENT Contact: Customer service, Email: [email protected] Contact: Donald Jones, senior program NETWORK—REFUGEE MICROENTERPRISE Empire State Development, New York (212) 228-8770 Website: www.nybdc.com manager, (212) 618-6762 PROGRAM state’s leading economic development Email: [email protected] Email: [email protected] Helps eligible refugees and asylum agency, offers loans, grants, tax credits Website: www.gust.com ● NEW YORK CITY DEPARTMENT OF SMALL Website: www.nyc.gov/nycbusiness seekers start and expand small and other financing and technical BUSINESS SERVICES—AVENUE NYC: businesses throughout New York City. assistance to support businesses and ● LAGUARDIA COMMUNITY COLLEGE— COMMERCIAL REVITALIZATION ● NEW YORK CITY DEPARTMENT OF SMALL Much-needed short- and long-term encourage their growth within New GOLDMAN SACHS 10,000 SMALL PROGRAM BUSINESS SERVICES—LOCALLY BASED entrepreneurial training, one-on-one York state, leading to job creation and BUSINESSES With relationships with traditional ENTERPRISE business counseling and access to micro- prosperous communities. Provides free practical business banks and more than 40 alternative Promotes construction contracting for loans of up to $70,000 are available. Contact: Joseph Chan, executive vice management education, business lenders, NYC Business Solutions helps companies doing business in Contact: Amy Feldman, director of president, business development, support services and access to capital for small businesses access capital to grow. economically deprived areas of the city programs, (718) 624-9115 (800) 782-8369 existing businesses with four or more Contact: Rodrigo Camarena, program or employing economically Email: [email protected] Steven Cohen, deputy commissioner and employees and revenue between manager, (212) 513-9211 disadvantaged persons. Website: www.bocnet.org senior vice president of community $150,000 and $4 million. Email: [email protected] Contact: Certification Hotline, economic development, (800) 782-8369 Contact: Paisley Demby, business services Website: www.nyc.gov/nycbusiness (212) 513-6311 ● CAMBA—ECONOMIC DEVELOPMENT Website: www.esd.ny.gov director, (718) 730-7400 Email: [email protected] CORP. Email: [email protected] ● NEW YORK CITY DEPARTMENT OF SMALL Website: www.nyc.gov/getcertified Provides a spectrum of services to ● EMPIRE STATE DEVELOPMENT—SMALL Website: www.laguardia.edu/10ksb BUSINESS SERVICES—ACCESS TO individuals looking to start or expand a BUSINESS TECHNOLOGY INVESTMENT CAPITAL PROGRAM ● NEW YORK CITY ECONOMIC business; offers hands-on business FUND ● NEW YORK BUSINESS DEVELOPMENT The Department of Small Business DEVELOPMENT CORP. consultation; assists with business-plan Offers early-stage capital for qualified CORP. Services offers help with access to capital Stimulates economic growth through development, entrepreneurial finance innovative technology-based New York Promotes economic development and lending through NYC Business expansion and redevelopment programs and social-media development. state businesses. Equity investments through long-term, fixed-rate loans for Solutions, a set of services to help that encourage investment, generate CAMBA also provides loans to finance range from $100,000 to $500,000 and creditworthy businesses. Loans of up to businesses start, operate and expand. We prosperity and strengthen the city’s startup businesses in Brooklyn. have a 3-to-1 matching funds $5 million with 90% financing. refer customers to credit-repair services, competitive position. Provides industry Contact: Isaac Roldan, director, small requirement. Priority is given to Contact: Chet Sadowski, senior vice help prepare financial documents and expertise and financial resources for

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16 | Crain’s New York Business | October 28, 2013 companies interested in locating or Contact: (212) 312-3600 DEVELOPMENT PROGRAM Business Center, (718) 263-0546 ABOUT THIS GUIDE growing in New York City. Email: [email protected] The NYSERDA Innovation and Business Email: [email protected] Contact: Website: Development team Website: (212) 619-5000 www.nycedc.com/nycida funds, promotes, www.queensny.org THESE LISTINGS were compiled by Email: [email protected] facilitates and supports programs to Website: www.nycedc.com ● NEW YORK STATE EMPIRE STATE ensure that clean-tech companies find ● ROSE TECH VENTURES Suzanne Panara, Emily Laermer, DEVELOPMENT all the growth essentials they need to Rose Tech Ventures is a New York-based Eva Saviano, Elena Popina and ● NEW YORK CITY FINANCIAL NETWORK Offers capital for qualified innovative move from early-phase development seed-stage venture fund, led by super- Shannon McMahon. Organizations ACTION CONSORTIUM technology-based businesses. through successful product angel David S. Rose. It provides the first were asked to provide information Provides assistance to established Investments range from $50,000 to commercialization. outside funding for innovative, high- if they appeared in last year’s businesses and startups seeking financing. $500,000 and have matching-funds Contact: Jeffrey Peterson, program growth businesses. Target fields include guide or if they contacted Crain’s The program evaluates loan requests and requirement. Promotes regional seed manager, innovation and business technology and financial and business helps qualified applicants obtain loans for funds and works with investors to provide development, (866) 697-3732 services. requesting inclusion. Some working capital and leasehold technology startups with funding and Email: [email protected] Contact: David S. Rose, managing information is based on Crain’s improvements.Terms are more flexible support at the earliest stages of investing. Website: www.nyserda.ny.gov partner, (212) 228-8770 research, and some entries have than traditional financing sources. Contact: Clayton Besch, director of Email: [email protected] been edited for length. Contact: Peter L. Bray, executive director, business development, (518) 292-5700 ● NYSERDA—NEW YORK STATE ENERGY Website: www.rose.vc Organizations that would like to 212-254-6060, ext. 100 Email: [email protected] RESEARCH AND DEVELOPMENT appear in the next guide should Email: [email protected] Website: www.esd.ny.gov AUTHORITY ● SUFFOLK COUNTY INDUSTRIAL Website: www.nycfnac.org Provides objective information and DEVELOPMENT AGENCY (IDA) email descriptions that follow the ● NEW YORK STATE TRADE ADJUSTMENT analysis, innovative programs, technical The Suffolk IDA provides economic guide format to cnyb-research ● NYC INDUSTRIAL DEVELOPMENT ASSISTANCE CENTER expertise and funding to help New York development opportunities for the @crainsnewyork.com. AGENCY—BOND PROGRAM Equips manufacturers and service firms homeowners, consumers and businesses retention and recruitment of companies Issues tax-exempt bonds to finance to respond to imports by offering 50-50 increase energy efficiency, save money, to the county.The IDA provides capital projects of $4 million or more. cost-sharing on consulting projects up to use renewable energy and reduce incentives on real property tax relief, Entrepreneurship @ FEGS, member of Qualifying borrowers include owners $150,000. The funds are applied toward reliance on fossil fuel. sales taxes and mortgage tax exemptions, the WEALF Fund Advisory and developers of manufacturing and the cost of professional consultants, Contact: (866) NYSERDA as well as the issuance of taxable and tax- Committee, (212) 366-0033 solid-waste recycling facilities and engineers or other outside service Website: www.nyserda.ny.gov exempt bond financing. Email: [email protected] developers of eligible facilities in the providers to implement projects in a Contact: Anthony N. Manetta, chief Website: www.yourfutureinbusiness.org empowerment zone. wide variety of areas. ● QUEENS ECONOMIC DEVELOPMENT executive, executive director, Contact: (212) 312-3600 Contact: Gary Youmans, director of client CORP.—BUSINESS SERVICES (631) 853-4802 ● WASHINGTON HEIGHTS AND INWOOD Email: [email protected] development, (212) 921-1662, ext. 302 DEPARTMENT Email: [email protected] DEVELOPMENT CORP. Website: www.nycedc.com/nycida Email: [email protected] Provides training courses, workshops Website: www.suffolkida.org Provides one-on-one business Website: www.nystaac.org and one-on-one technical assistance in development counseling and loans of up ● NYC INDUSTRIAL DEVELOPMENT business development to startups and ● THYPIN OLTCHICK INSTITUTE FOR to $50,000 to entrepreneurs and AGENCY—SMALL INDUSTRY INCENTIVE ● NYC SEED growing businesses. Assists in MWBE WOMEN’S ENTREPRENEURSHIP @ FEGS business owners in upper Manhattan PROGRAM NYC Seed provides seed capital for certification, permit/licensing and Provides and administers the Women’s and western Bronx. Offers specialized Provides qualifying industrial and technology companies located in the city. business registration. Hosts the Enterprise Action Loan Fund, which offers classroom training and other services to manufacturing companies with real Contact: Owen Davis, managing boroughwide business-plan a combination of business mentoring and those seeking to open or expand licensed estate tax abatements, mortgage- director, (917) 721-5572 competition, the Women’s Business financing for women with an established child-care services. recording tax benefits and sales-tax Email: [email protected] Center and networking events. business and a specific plan for utilizing Contact: Dennis C. Reeder, executive exemptions on the purchase of materials Website: www.nycseed.com Contact: Franklin Mora, deputy director, the funds in the Greater New York area. director, (212) 795-1600 used to construct, renovate or equip (718) 263-0546 Contact: Fabianne Gershon, director, the Email: [email protected] facilities for their own use. ● NYSERDA—INNOVATION AND BUSINESS Johanna Maynard, director, Women’s Thypin Oltchick Institute for Women’s Website: www.whidc.org

ADVICE AND EDUCATION director, (212) 665-7010 growth strategy. Email: [email protected] Contact: Jennefer Gustafsson, director, These organizations and agencies provide technical, Website: www.hbany.org Women’s Business Center, (718) 385-6700, ext. 24 managerial or financial advice and training to entrepreneurs ● HOME IMPROVEMENT CONTRACTOR Email: [email protected] interested in starting up or expanding their small businesses. TRAINING Website: www.ldceny.org Helps clients pass the New York City -64% Department of Consumer Affairs test CHANGE IN SEED FUNDING ● NEIGHBORHOOD ENTREPRENEUR LAW ● BBMG ● CAMBA and obtain licenses to work legally as for NY metro area startups PROJECT Helps clients drive revenue and make a Its Small Business Services program home-improvement contractors. in the third quarter of Provides free legal assistance on issues positive social impact. Assists small and provides a spectrum of services to Contact: Nick Hardie, director of home- such as business structuring, protecting growing businesses with branding and entrepreneurs looking to start a business, improvement contractor training, or 2013 from a year intellectual-property rights, drafting marketing services. Recent clients and to existing small businesses looking Michael Gillen, communications and earlier contracts and reviewing commercial include Adidas, Earthbound Farm, to expand. It provides small-business administrative associate, (718) 263-0546 leases to low-income micro- eBay, MillerCoors, NBCUniversal, loans up to $35,000, free entrepreneurial Email: [email protected] Source: PwC/NVCA MoneyTree Report entrepreneurs who are interested in Target and Samsung. training, business consulting and Website: www.queensny.org starting a small business or who already Contact: Carola Beeney, manager of business plan development. develop business plans; pitch to venture have an existing business. marketing and communications, Contact: Isaac Roldan, director of small ● ITAC (INDUSTRIAL + TECHNOLOGY capitalists; identify the right partners, Contact: (212) 382-6633 (212) 473-4902, ext. 216 business services, (718) 282-2500 ASSISTANCE CORP.) customers and resources; locate R&D Email: [email protected] Email: [email protected] Email: [email protected] Its Business Growth Solutions program funding; commercialize their Website: www.citybarjusticecenter.org Website: http://bbmg.com Website: www.camba.org helps New York City manufacturing and technologies; escalate production; build technology companies grow profitably their supply chains; and grow profitably. ● NEW YORK CITY BUSINESS ● BUSINESS OUTREACH CENTER ● EMPIRE STATE DEVELOPMENT through identifying, developing and Contact: (212) 809-3900 SOLUTIONS-BROOKLYN CENTER NETWORK Its Entrepreneurial Assistance program moving innovative products to market Website: www.itac.org The Brooklyn chamber and its alliance Provides free services and resources for provides training, technical assistance and up to six times faster with 30% to 80% provide a wide range of promotion, small businesses, and serves multiethnic support services to individuals who less risk, targeting markets for ● LAGUARDIA COMMUNITY COLLEGE support, education and advocacy services business communities citywide. recently have started a business in New expansion, streamlining processes and Its Goldman Sachs 10,000 Small to its members and clients in its effort to Contact: Amy Feldman, director of York state or are interested in starting one. installing financial controls. Businesses program provides free attract and maintain investment programs, (718) 624-9115 Contact: Joyce Smith, director, Contact: (212) 809-3900 practical business management opportunities in the borough and Email: [email protected] (212) 803-3234 Website: www.itac.org education, business support services and improve local business conditions. Website: www.bocnet.org Email: [email protected] Its Lean Manufacturing program helps access to capital for existing businesses Contact: Manuel Dominguez, director, Its Child Care Business Development Website: www.esd.ny.gov New York City manufacturers identify with four or more employees and revenue New York City Business Solutions offers training programs and counseling and implement ways to optimize their between $150,000 and $4 million. Center, Brooklyn, (347) 296-8025 to help home-based child-care providers ● FASHION INSTITUTE OF TECHNOLOGY processes—accelerated cycle times, Contact: Paisley Demby, business services Email: mdominguez@nycbusiness- obtain licenses and start to grow their Its Enterprise Center offers four-week increased production and reduced director, (718) 730-7400 solutions.com businesses. courses for artists, designers and fashion inventory—creating the capacity and Email: [email protected] Website: www.ibrooklyn.com/site/ Contact: Amy Feldman, director of industry professionals on all aspects of financial savings critical to new-product Website: www.laguardia.edu/10ksb chamberdirect/businesssolutionscenter programs, (718) 624-9115 launching and running a business, innovation and profitable growth. Its NYDesigns program helps design Email: [email protected] including design and business software. Contact: (212) 809-3900 and technology entrepreneurs start, ● NEW YORK CITY DEPARTMENT OF SMALL Website: www.bocnet.org Contact: Christine Helm, coordinator, Website: www.itac.org sustain, expand and manage their small BUSINESS SERVICES Its Fort Greene Fashion Group (212) 217-7250 Its Sustainable Business Practice businesses in order to contribute Its Business Outreach Team connects provides entrepreneurial training and Email: [email protected] program helps New York City positively to the health of New York businesses with other city agencies and networking opportunities for Website: www.fitnyc.edu/enterprisecenter manufacturers save money and green City’s design and creative industries. utilities to help them troubleshoot independent fashion designers. The their operations by reducing waste, Contact: Nepal Asatthawasi, assistant challenges with license and permit group gathers monthly to participate in ● HARLEM BUSINESS ALLIANCE shrinking their carbon footprints, director, (718) 663-8410 applications, request alterations to workshops and meet buyers, Provides extensive technical assistance increasing energy efficiency, identifying Email: [email protected] streets and sidewalks, and resolve utility manufacturers, marketers and other services that include one-on-one business innovation opportunities, applying for Website: www.nydesigns.org disruptions. people involved in the fashion industry. counseling, entrepreneurial training, government incentives, and creating Contact: Bernadette Nation, director, Contact: Sujatha Sebastian, director, financial education, women/minority and financial return through recycling. ● LOCAL DEVELOPMENT CORP. OF EAST (212) 618-8706 Women’s Business Center, disadvantaged business certification and Contact: (212) 809-3900 NEW YORK Email: [email protected] (718) 624-9115 procurement assistance, business Website: www.itac.org Provides assistance to Brooklyn-based Website: www.nyc.gov/nycbusiness Email: [email protected] workshops and seminars. Its Technology Practice program helps businesses in planning, marketing, Its NYC Business Express program is a Website: www.bocnet.org Contact: Regina L. Smith, executive New York City technology entrepreneurs procurement, loan packaging and Continued on Page 18

October 28, 2013 | Crain’s New York Business | 17 REPORT SMALL BUSINESS GROWING A BUSINESS GUIDE

ASSISTANCE FOR WOMEN AND MINORITIES procurement guidance. City area who are or want to be Contact: Dial 311. Ask for Department of entrepreneurs and small business owners Small Business Services. by offering individual consultations, These organizations offer programs, counseling, training and Email: [email protected] forums, classes, mentoring, noninterest other services specific to women and minorities wishing to Website: www.nyc.gov/getcertified 500K loans and resources. ESTIMATED NUMBER OF Contact: Fabianne Wolff Gershon, start or expand their businesses. ● NEW YORK WOMEN’S CHAMBER WORKERS employed by NY executive director, (212) 366-0033 OF COMMERCE metro women-owned firms, Email: [email protected] ● ASIAN AMERICAN BUSINESS financing resources to help women Assists women, minorities and Website: www.yourfutureinbusiness.org DEVELOPMENT CENTER entrepreneurs start and grow their disadvantaged individuals through a drop of 4% in the Provides technical and professional companies. Services are offered in business, microenterprise ownership past decade ● U.S. SMALL BUSINESS support to help Asian-American small English, Spanish and Russian. Brooklyn: and self-employment. ADMINISTRATION business owners develop marketing and North Brooklyn, (718) 624-9115. Staten Contact: (212) 491-9640 Source: American Express Open Its Business Development program financial strategies. Organizes frequent Island: West Brighton, (718) 816-4775. Website: www.nywcc.org provides special programs and services trade missions to China to help Contact: Sujatha Sebastian, director, recommended for assistance by its clients. for women through its network of businesses access that market. (718) 624-9115 ● OPPORTUNITY DEVELOPMENT Contact: Richard C. Hellenbrecht, Women’s Business Centers. Contact: John Wang, president, Email: [email protected] ASSOCIATION manager of finance operations, Contact: Clyde Martin, chief of business (212) 966-0100 Website: www.bocnet.org Its Minority Business Center offers (212) 268-0391 development, (212) 264-5276 Email: [email protected] contract procurement, loan packaging, Email: [email protected] Email: [email protected] Website: www.aabdc.com ● HARLEM BUSINESS ALLIANCE bank and alternative financing, business- Website: www.regional-alliance.org Website: www.sba.gov/ny/ny Provides extensive technical assistance plan preparation, minority certification Its Loaned Executive Assistance ● BRONX OVERALL ECONOMIC services including one-on-one business and general business consulting. program is a consultant service made up of ● WOMEN PRESIDENTS’ EDUCATIONAL DEVELOPMENT CORP. counseling; entrepreneurial training; Contact: Yehuda Turner, executive construction professionals who provide ORGANIZATION Its Springboard Loan Fund offers financial education; women- and director, (718) 522-5620 small contractors with advice on The New York regional affiliate of the financing to small minority and/or minority-owned and disadvantaged Email: [email protected] construction and business management, Women’s Business Enterprise National women entrepreneurs in the area of South business certification; and procurement Website: www.mbda.gov marketing and technology implemen- Council provides full-service certification Bronx Community Boards 1, 2, 3 and 4. assistance, workshops and seminars. tation, and loan and bonding referrals. to women entrepreneurs to create Contact: (718) 590-6252 Contact: Regina L. Smith, executive ● QUEENS ECONOMIC DEVELOPMENT Contact: Richard C. Hellenbrecht, manager increased access to business opportunities Website: www.boedc.com director, (212) 665-7010 CORP. of LEAP programs, (212) 268-0391 for women business enterprises. Email: [email protected] Its Women’s Business Center provides Email: [email protected] Contact: Marsha Firestone, founder and ● BUSINESS CENTER FOR NEW Website: www.hbany.org information, training, individual technical Website: www.regional-alliance.org president, (212) 688-4114 AMERICANS assistance and opportunities for women Its Managing Growth program is a Susan Johnson, director of Provides loans, workshops and one-on- ● LOCAL DEVELOPMENT CORP. OF EAST interested in starting or expanding a classroom plan that provides courses communications, (212) 688-4114 one advice. NEW YORK business. Offers assistance and training in enabling experienced S/M/W/DBE Email: certification@ Contact: Yanki Tshering, (212) 898-4112 Its Women’s Business Center offers a finance, management, marketing, owners and employees to learn the ins womenpresidentsorg.com Email: [email protected] variety of services in English and procurement and specialized topics. and outs of how to operate a Website: www.wpeo.us Website: www.nybcna.org Spanish that support entrepreneurs. Contact: Robin Wilson, (718) 263-0546 construction-related business. Provides intensive one-on-one business Email: [email protected] Contact: Paola Camargo, manager of ● WOMEN’S VENTURE FUND ● BUSINESS OUTREACH CENTER and financial coaching, workshops and Website: www.queensny.org training programs, (212) 268-4933 Serves women entrepreneurs through NETWORK 60-hour business development training. Email: [email protected] funding, consultation and collaboration. Its Refugee Microenterprise program helps Contact: Santos Morales, director, ● REGIONAL ALLIANCE FOR SMALL Website: www.regional-alliance.org Contact: Maria Otero, founder, president, eligible refugees and asylum seekers start (718) 385-6700, ext. 24 CONTRACTORS INC. Its MBE/WBE/DBE Compliance (212) 563-0499 and expand small businesses throughout Jennefer Gustafsson, director, A nonprofit serving small, minority- Development Services provide contract Email: [email protected] New York City. Much-needed short- and (718) 385-6700, ext. 24 and women-owned businesses in the compliance development program Website: www.womensventurefund.org long-term entrepreneurial training, one- Email: [email protected] construction industry. services to increase the utilization of on-one business counseling and access to Website: www.ldceny.org Contact: Earle J. Walker, executive MBE/WBE/DBE firms in contracting ● WORKSHOP IN BUSINESS microloans of up to $50,000 are now on director, (212) 268-7446 opportunities. OPPORTUNITIES offer through this program. ● NEW YORK CITY DEPARTMENT Email: [email protected] Contact: Earle J. Walker, executive Enables small business owners and Contact: Amy Feldman, director of OF SMALL BUSINESS SERVICES Website: www.regional-alliance.org director, (212) 268-7446 entrepreneurs in underserved communi- programs, (718) 624-9115 Promotes the participation of minority- Email: [email protected] ties to achieve financial success in starting, Email: [email protected] and women-owned businesses in New ● REGIONAL ALLIANCE FOR SMALL Website: www.regional-alliance.org operating and expanding businesses. Website: www.bocnet.org York City’s procurement process. CONTRACTORS INC. Contact: Victoria Rodriguez, program Its Business Outreach Center Network- Certified vendors receive access to Its Financing Small Contractors program ● THYPIN OLTCHICK INSTITUTE FOR manager, (212) 684-0854, ext. 0540 Women’s Business Center offers business contracting opportunities, exclusive provides help in preparing applications WOMEN’S ENTREPRENEURSHIP @ FEGS Email: [email protected] training, one-on-one counseling and networking events and free one-on-one for loans and bonds for firms Assists those in the Greater New York Website: www.wibo.org

ADVICE AND EDUCATION Stimulates job creation and economic ACRE (Accelerator for a Clean and Email: [email protected] development and planning, development in New York City by Renewable Economy) with a state-of- Website: www.queensny.org (631) 853-4800 Continued from Page 17 offering pro bono consulting services to the-art exhibition space. Its Entrepreneurial Assistance Email: [email protected] one-stop website that makes starting, local entrepreneurs from under- Contact: Emily Wheeler, deputy director Program offers five-week and 10-week Website: www.suffolkcountyny.gov operating and expanding a business in resourced communities. of incubator initiatives at NYU Poly, programs designed to teach the New York City clearer and faster. Its Contact: Stephanie George, executive (212) 292-3123 essentials of business development. ● THYPIN OLTCHICK INSTITUTE wizard provides information on permits, director, (646) 247-8999 Email: [email protected] Provides specialized services—including FOR WOMEN’S ENTREPRENEURSHIP regulations and incentives. Email: [email protected] Website: www.nycacre.com entrepreneurial training, counseling and @ FEGS Contact: Cesar Medina, analyst, Website: www.nypace.org financial packaging of working-capital Assists those from the Greater New York (212) 341-2042 ● PARTNERSHIP FOR NEW YORK CITY loans—to both startup and existing City area who are or who want to be Email: [email protected] ● NEW YORK STATE ENVIRONMENTAL A network of business leaders dedicated Queens businesses. entrepreneurs and small-business owners Website: www.nyc.gov/businessexpress FACILITIES CORP. to enhancing the economy of the five Contact: Rob MacKay, director of public by offering individual consultations, Its NYC Business Solutions program Its Small Business Environmental boroughs of New York City and relations, marketing and tourism, or forums, classes, mentoring, no-interest offers a set of free services to help Assistance program helps small maintaining the city’s position as the Franklin Mora, program manager, loans and resources. businesses start, operate and expand in businesses comply with federal and state center of world commerce, finance and (718) 263-0546 Contact: Fabianne Wolff Gershon, New York City. Centers in all five environmental regulations. Free innovation. Email: [email protected] executive director, (212) 366-0033 boroughs offer business courses, legal confidential services include air Contact: Michael Levoff, vice president of Website: www.queensny.org Email: [email protected] and financing assistance, incentives, permitting and compliance, evaluation public affairs, (212) 493-7511 Website: www.yourfutureinbusiness.org recruiting and more. of emission-control technologies and Email: [email protected] ● SCORE, COUNSELORS TO AMERICA’S Contact: Kelvin Collins, executive pollution prevention opportunities. Website: www.pfnyc.org SMALL BUSINESS ● U.S. SMALL BUSINESS director. Call 311 and ask for NYC Contact: Harry Ching, manager, Its Partnership Fund is an economic Provides free counseling to startups and ADMINISTRATION Business Solutions. (518) 402-6924 development program that spurs job existing businesses on various aspects of Provides one-on-one counseling and Email: [email protected] Website: www.efc.ny.gov creation in the five boroughs by their operations, including marketing, training for startup and existing Website: www.nyc.gov/nycbusiness investing in companies that expand new financing, production and business businesses. ● NEW YORK STATE OFFICE and innovative sectors and by creating plans. Also runs seminars on various Contact: Pravina Raghavan, district ● NEW YORK CITY OFFICE OF INFORMATION TECHNOLOGY employment opportunities in some of topics (moderate attendance fee). director, (212) 264-1318 OF THE COMPTROLLER SERVICES the city’s poorest neighborhoods. Contact: Ivan Z. Szanto,(212) 264-4507 Email: [email protected] Its Community Action Center helps small Its Business Permit Unit provides Contact: Ebony Livingston, Email: [email protected] Website: www.sba.gov businesses that want to learn about city individualized assistance in identifying (212) 493-7517 Website: www.newyorkcity.scorenyc.org services or regulations; answers and obtaining licenses and permits. Its Email: [email protected] ● WOMEN PRESIDENTS’ ORGANIZATION questions about contracts, procurement Online Permit Assistance and Licensing Website: http://fund.pfnyc.org ● SUFFOLK COUNTY DEPARTMENT Offers peer advisory groups for women policy or claims against the city; and website has a database of more than OF ECONOMIC DEVELOPMENT chief executives and presidents at helps solve any problem related to New 1,200 business permits. ● QUEENS ECONOMIC DEVELOPMENT AND PLANNING companies with annual revenue of more York City government or services. Contact: Kathleen Davidson, supervisor, CORP. Helps business owners obtain than $2 million (or $1 million for Contact: (212) 669-3916 (518) 474-8275 Helps to create and retain jobs through public and private financing, provides service-based businesses). Groups meet Email: [email protected] Email: [email protected] programming that grows neighborhoods, individualized counseling and technical monthly to promote professional and Website: www.comptroller.nyc.gov Website: www.opal.ny.gov assists small businesses and promotes business assistance and offers access to personal development. tourism and business development. government contract information and Contact: Marsha Firestone, president and ● NEW YORK PROFESSIONAL ADVISORS ● NYC URBAN FUTURE LAB Contact: Rob MacKay, director of public training seminars. founder, (212) 688-4114 FOR COMMUNITY ENTREPRENEURS Will host New York City’s premier clean relations, marketing and tourism, Contact: Joanne Minieri, deputy county Email: [email protected] (NYPACE) and resilient technology incubator (718) 263-0546, ext. 12 executive/commissioner of economic Website: www.womenpresidentsorg.com

18 | Crain’s New York Business | October 28, 2013 PROCUREMENT HELP government contracting opportunities assistance to help small veteran-, and provides advice on becoming a minority- and women-owned businesses contractor, finding contracting sell goods to the government. Provides The following local, state and federal agencies and opportunities and competing on bids one-on-one assistance and sponsors organizations help small businesses obtain government and RFPs at the city, state and federal workshops to assist with certifications contracts by providing counseling, education and technical levels. and registering businesses with various Contact: Procurement Helpline, agencies. 9% assistance. (212) 513-6444 Contact: Rogina Coar-Smith, director, OF NYC AREA small Email: [email protected] procurement technical assistance businesses affected by Sandy Website: www.nyc.gov/getcertified center, MWBE certification and have not fully recovered ● BROOKLYN CONNECTS Assistance is available through training technical assistance programs, Expands business opportunities for and advising. ● PROCUREMENT TECHNICAL (718) 732-7540 vendors, especially minority- and Contact: Elizabeth Perdomo, project ASSISTANCE CENTER AT LAGUARDIA Email: [email protected] women-owned firms, by providing director, (718) 482-5941 COMMUNITY COLLEGE Website: www.sobro.org streamlined information about public Email: [email protected] Assists Queens-based businesses in contracting and purchasing Website: www.osdbu.dot.gov marketing their goods and services to ● SUFFOLK COUNTY DEPARTMENT opportunities. Fosters business-to- the federal, state and local governments. OF ECONOMIC DEVELOPMENT business exchange and partnerships in ● NEW YORK CITY DEPARTMENT Simplifies the steps necessary to AND PLANNING the private sector. OF SMALL BUSINESS SERVICES successfully sell to the government. Provides technical assistance and advice Contact: Veronica Harris, director, Its Emerging Business Enterprise Contact: Edgard A. Hernandez, director, on how to access the Suffolk County bid (718) 875-1000, ext. 127 program works to ensure that businesses (718) 482-5306 process and requests for proposals. 44% Email: [email protected] owned, operated and controlled by George Llanos, procurement counselor, Contact: Joanne Minieri, deputy county OF NYC AREA small businesses Website: www.ibrooklyn.com individuals who are socially and (718) 482-5306 executive/commissioner of economic have response plans in case economically disadvantaged receive Email: [email protected] development and planning, of natural disaster ● HARLEM BUSINESS ALLIANCE preference for contracting Website: www.laguardia.edu/ptac (631) 853-4800 or emergency Provides extensive technical assistance opportunities with New York City. Email: [email protected] services that include one-on-one Contact: Certification Hotline, ● QUEENS AIR SERVICES DEVELOPMENT Website: www.suffolkcountyny.gov business counseling, entrepreneurial (212) 513-6311 OFFICE Source: Capital One training, financial education, Email: [email protected] Provides free assistance to Queens-based ● U.S. SMALL BUSINESS women/minority and disadvantaged Website: www.nyc.gov/getcertified businesses by matching them with ADMINISTRATION business certification and procurement Its Locally Based Enterprise program aviation industry buyers and general Its Office of Business Development offers assistance, business workshops and ensures the participation of small contractors at LaGuardia and JFK the 8(a) program for economically and small business share of federal seminars. construction businesses in the city’s airports. Sponsors free networking event socially disadvantaged small businesses procurement awards; advocating for the Contact: Regina L. Smith, executive procurement process by designating at which buyers can receive information to assist them with federal procurement breakout of items for full and open director, (212) 665-7010 subcontracting opportunities. Firms from vendors and suppliers. opportunities and with growing annual competition; identifying, developing and Email: [email protected] must have average annual revenue of less Contact: Dolores M. Hofman, program sales. marketing prime contractors; and Website: www.hbany.org than $2 million. manager, (718) 244-6852 Contact: Clyde Martin, lead business counseling small businesses and assisting Contact: Certification Hotline, Email: [email protected] opportunity specialist, (212) 264-5276 them in identifying and obtaining ● LAGUARDIA COMMUNITY COLLEGE— (212) 513-6311 Website: www.asdoonline.com Email: [email protected] subcontracts. SMALL BUSINESS TRANSPORTATION Email: [email protected] Website: www.sba.gov/ny/ny Contact: Janette Fasano, area director, RESOURCE CENTER (SBTRC) Website: www.nyc.gov/getcertified ● SOUTH BRONX OVERALL ECONOMIC Its Office of Government Contracting (617) 565-5622 Helps new and emerging businesses Its SBS Procurement Technical DEVELOPMENT CORP. helps small businesses get federal Email: [email protected] obtain transportation-related contracts. Assistance Center helps firms assess Provides counseling and technical government contracts by increasing the Website: www.sba.gov Know-how gives your business the leading edge.

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October 28, 2013 | Crain’s New York Business | 19 REPORT SMALL BUSINESS GROWING A BUSINESS GUIDE

BUSINESS IMPROVEMENT DISTRICTS ● FULTON AREA BUSINESS ALLIANCE Tillary Street to the north, Flatbush Enhances Fulton Street in Fort Greene Avenue Extension to the east, and and Clinton Hill by providing Fulton Mall to the south. The BID program of the city’s Department of Small Business Services provides supplemental sanitation services, Contact: Ryan Grew, deputy director of supplemental services such as sanitation and maintenance, public safety and visitor services, addressing public safety and quality-of- operations, (718) 403-1644 life issues, advocating for businesses, Email: [email protected] marketing and promotional programs, capital improvements and beautification to enhance marketing the district, and initiating Website: www.metrotechbid.org local business conditions. All are funded by a special assessment paid by property owners projects to make the district more within the district. welcoming. ● MONTAGUE STREET Contact: Phillip Kellogg, executive Delivers supplemental services related to director, (718) 928-3322 sanitation, maintenance, marketing, BRONX Email: [email protected] sanitation, maintenance, marketing, Email: [email protected] capital improvements, beautification and Website: www.mpcbronx.org capital improvements, beautification and Website: www.faballiance.org public safety for the area along ● 161ST STREET public safety for the area along Church Montague Street between Court and Delivers supplemental services related to ● KINGSBRIDGE Avenue between Flatbush and Coney ● GRAHAM AVENUE/WOODHULL Hicks streets. sanitation, maintenance, marketing, Delivers supplemental services related to Island avenues in Brooklyn. COMMUNITY DMA Contact: Brigit Pinnell, executive capital improvements, beautification and sanitation, maintenance, marketing, Contact: Lauren Elvers Collins, executive Delivers supplemental services related to director, (718) 522-3649 public safety for the area around the capital improvements, beautification and director, (718) 282-2500, ext. 63234 sanitation, maintenance, marketing, Email: [email protected] Bronx’s Concourse Village. public safety for the area along Email: [email protected] capital improvements, beautification and Website: www.montaguebid.com Contact: Cary Goodman, executive Broadway between West 230th and Website: www.churchavenue.org public safety for Graham Avenue director, (718) 590-5433 West 236th streets, and along West shopping district in Williamsburg. ● MYRTLE AVENUE BROOKLYN Email: [email protected] 231st Street between the Major Deegan ● COURT-LIVINGSTON-SCHERMERHORN Contact: Betty M. Cooney, executive PARTNERSHIP Website: www.161bid.org Expressway and Corlear Avenue. Delivers supplemental services related to director, (718) 387-6643 Delivers supplemental services related to Contact: Katherine L. Broihier, executive sanitation, maintenance, marketing, Email: [email protected] sanitation, maintenance, marketing, ● FORDHAM ROAD director, (718) 432-6935 capital improvements, beautification and Website: www.grahamavebid.net capital improvements, urban planning, Delivers supplemental services related to Email: [email protected] public safety for the Brooklyn area beautification and public safety for the sanitation, maintenance, marketing, Website: www.kingsbridgebid.org bound by Court Street to the west, ● GRAND STREET area along Myrtle Avenue, between capital improvements, beautification and Flatbush Avenue to the east, and both Delivers supplemental services related to Flatbush Avenue Extension and Classon public safety for the Fordham Road area Joralemon and Livingston streets to the sanitation, maintenance, marketing, Avenue, in Fort Greene, Clinton Hill, of the Bronx. BROOKLYN north. capital improvements, beautification and and Wallabout, Brooklyn. Contact: Wilma Alonso, executive Contact: Katie Lyon, services manager, public safety for Grand Street between Contact: Michael Blaise Backer, executive director, (718) 562-2104 ● ATLANTIC AVENUE (718) 403-1618 Bushwick and Union avenues in East director, (718) 230-1689 Daniel Bernstein, deputy director, Provides marketing and promotion of the Email: [email protected] Williamsburg, Brooklyn. Email: [email protected] (718) 562-2104 business boulevard; capital improvements, Website: www.downtownbrooklyn.com Contact: Artineh Havan, executive Website: www.myrtleavenue.org Email: [email protected] streetscape and beautification projects director, (718) 218-8836 Website: www.fordhamroadbid.org aimed at creating a clean and attractive ● DUMBO IMPROVEMENT DISTRICT Email: [email protected] ● NORTH FLATBUSH AVENUE BUSINESS environment for living, shopping, dining Delivers supplemental services related to Website: www.grandstbklyn.com IMPROVEMENT DISTRICT ● HUB THIRD AVENUE and sightseeing; and advocacy that sanitation, marketing and beautification Delivers supplemental services related to Delivers supplemental services related to improves business conditions. for Dumbo. Manages public spaces, and ● KINGS HIGHWAY sanitation, maintenance, marketing, sanitation, maintenance, marketing, Contact: (718) 734-4219 provides business assistance and visitor Delivers supplemental services related to capital improvements, beautification and capital improvements, beautification and Email: [email protected] guidance. sanitation, maintenance, marketing, public safety for the area along Flatbush public safety for the South Bronx area. Website: www.atlanticavebid.org Contact: Alexandria Sica, executive capital improvements, beautification and Avenue between Atlantic Avenue and Contact: Vincent Valentino, executive director, (718) 237-8700 public safety for the Brooklyn area along Grand Army Plaza. director, (718) 665-3983 ● BED-STUY GATEWAY Email: [email protected] Kings Highway between Ocean Contact: Sharon M. Davidson, executive Email: [email protected] Delivers supplemental services related to Website: http://dumbo.is Parkway and Ocean Avenue, and along director, (718) 783-1685 Website: www.shopthehub.com sanitation, maintenance, marketing, Quentin Road between Coney Island Email: [email protected] capital improvements, beautification and ● EAST BROOKLYN DMA Avenue and 16th Street. Website: www.nfbid.com ● JEROME-GUN HILL public safety for the area along Fulton Delivers supplemental services related to Contact: Phil Nuzzo, executive director, Delivers supplemental services related to Street between Classon and Troy avenues, sanitation, maintenance, marketing, (718) 645-1100 ● PARK SLOPE FIFTH AVENUE BID sanitation, maintenance, marketing, and Nostrand Avenue between Halsey capital improvements, beautification and Email: [email protected] Delivers supplemental services related to capital improvements, beautification and Street and Atlantic Avenue in Brooklyn. public safety for the Brooklyn area Website: www.kingshighwaybid.org sanitation, maintenance, marketing, public safety for the Bronx area along Contact: Doug Jones, executive director, bound by Sutter Avenue, East New York capital improvements, beautification and East Gun Hill Road between Webster (718) 636-6905 and Atlantic avenues, Powell Street and ● METROTECH public safety for the area along Fifth and Jerome avenues, and along Jerome Email: [email protected] Sheffield Avenue. Delivers supplemental services related to Avenue between 18th and Dean streets. Avenue between Mosholu Parkway and Website: www.bedstuygateway.com Contact: William Scott Wilkins, BID sanitation, maintenance, marketing, Contact: Irene LoRe, executive director, East 212th Street. manager, (718) 385-6700, ext. 19 capital improvements, beautification and (718) 551-5545 Contact: Marcia Cameron, executive ● CHURCH AVENUE Email: [email protected] public safety for the area generally Email: [email protected] director, (718) 324-4946 Delivers supplemental services related to Website: www.eastbrooklynbid.org bound by Adams Street to the west, Website: www.parkslopefifthavenuebid.com

CHAMBERS OF COMMERCE Email: [email protected] Website: www.nychcc.com

New York’s chambers of commerce assist small businesses by offering a range of services ● QUEENS CHAMBER OF COMMERCE including financial assistance, networking opportunities, legislative initiatives and other Helps individuals get their voices heard in the Queens business community and resources.The local chamber is small businesses’ best resource for city government, business expand their knowledge through connections with industry experts. 88% data, and community profile and visitor guide information. PORTION OF NYC'S 220,000 Contact: Jack Friedman, executive director, (718) 898-8500 businesses that employ ● BROOKLYN CHAMBER OF COMMERCE Bronx. Helps businesses and visitors supports nonprofits by promoting Sophia Ganosis, chief of operations, fewer than 20 people AND ALLIANCE with information through the chamber volunteerism and financial support. (718) 898-8500 A membership-based business website, emails and phone calls. Has Contact: Laura Bucko, vice president and Email: [email protected] assistance and economic development strong working relationships with local director of communications, Website: www.queenschamber.org organization that provides support and politicians and community board. (212) 473-7875 Source: Partnership for New York City services to small businesses in Brooklyn. Contact: Paul W. Klein, vice president, Email: [email protected] ● STATEN ISLAND CHAMBER Contact: Veronica Harris, director of (718) 885-9100 Website: www.manhattancc.org OF COMMERCE human resources and administration, Email: [email protected] Acts to improve the economic climate Provides advice to businesses and (718) 875-1000, ext. 127 Website: www.cityislandchamber.org ● NEW BRONX CHAMBER and expand business opportunities. residents. Offers a member health plan Carlo A. Scissura, president and chief OF COMMERCE Contact: Linda M. Baran, president and and discounts on credit-card processing. executive, (718) 875-1000, ext. 127 ● GREENWICH VILLAGE-CHELSEA Provides counseling and free referrals, free chief executive, (718) 727-1900 Showcases local businesses in the Email: [email protected] CHAMBER OF COMMERCE ombudsman services to solve problems Email: [email protected] Amsterdam and Columbus avenue Website: www.ibrooklyn.com Provides a network of resources and with government agencies, and marketing Website: www.sichamber.com festivals. support through advocacy, events and and research assistance. Sponsors Contact: Andrew Albert, executive ● BUSINESS COUNCIL seminars, and marketing opportunities. seminars and networking events. ● WASHINGTON HEIGHTS AND INWOOD director, (212) 787-1112 OF WESTCHESTER Contact: Tom Gray, executive director, Contact: Lenny Caro, president and chief CHAMBER OF COMMERCE Email: [email protected] Offers services, programs and (646) 470-1773 executive, (718) 828-3900 Promotes economic development and Website: www.westmanhattanchamber.org information related to economic Email: [email protected] Email: [email protected] community growth and serves as a development, legislative advocacy, area Website: www.villagechelsea.com Website: www.bronxchamber.org resource for members. Acts as a liaison to ● WESTCHESTER COUNTY development and small-business affairs. governmental agencies and elected ASSOCIATION INC. Contact: Marsha Gordon, president and ● MANHATTAN CHAMBER ● NEW YORK CITY HISPANIC CHAMBER officials. Offers programs focused on business chief executive, (914) 948-2110 OF COMMERCE OF COMMERCE Contact: Rita Kardeman, executive advocacy and economic development in Email: [email protected] Represents the voices of 100,000 Represents and advocates for Hispanic director, (212) 928-6595 the region, business development on Website: www.westchesterny.org businesses in Manhattan, ranging from businesses in New York City in a cohesive Email: [email protected] both a macro and micro basis, and sole proprietors/entrepreneurs to large manner, assists new entrepreneurs and Website: www.wahichamber.org interaction with key public- and private- ● CITY ISLAND CHAMBER corporations. Holds educational vitalizes existing businesses. sector individuals and organizations. OF COMMERCE seminars, fights for pro-business Contact: Nick Lugo, president, ● WEST MANHATTAN CHAMBER Contact: (914) 948-6444 Promotes business for City Island, legislation, fosters networking and (212) 348-8270 OF COMMERCE Website: www.westchester.org

20 | Crain’s New York Business | October 28, 2013 ● SUNSET PARK/FIFTH AVENUE ● COLUMBUS AVENUE Delivers supplemental services related to Delivers supplemental services related to sanitation, maintenance, marketing, sanitation, maintenance, marketing, capital improvements, beautification and capital improvements, beautification and public safety for the area along Fifth public safety for the area along Avenue between 38th and 64th streets. Columbus Avenue between 67th and Contact: Renée Giordano, executive 82nd streets. Produces New Taste of the 269% 3,160 350% director, (718) 439-7767 Upper West Side, one of New York GROWTH IN STATEN ISLAND RETAIL JOBS ADDED IN GROWTH IN THE NUMBER OF Email: [email protected] City’s major annual food events. private-sector jobs between BROOKLYN between 2011 and BUSINESS INCORPORATIONS in Website: www.sunsetparkbid.org Contact: (212) 721-5048, 1962 and 2012 2012, a quarter of the total the Bronx between 2001 and (212) 877-2678 Email: [email protected] positions added 2011, the highest of any MANHATTAN Website: www.columbusavenuebid.org borough ● 125TH STREET ● COLUMBUS/AMSTERDAM BID Delivers supplemental services related to Delivers supplemental services related to Sources: New York State Department of Labor, Center for an Urban Future sanitation, maintenance, marketing, sanitation, maintenance, marketing, capital improvements, beautification and capital improvements, beautification and public safety for the area along 125th public safety for the area of Columbus Street between Morningside and Fifth and Amsterdam Avenues from West area bounded by 59th and 70th streets avenues in Queens. Website: www.licpartnership.org avenues. 96th to West 110th streets. between Amsterdam Avenue and Contact: Derek Irby, managing director, Contact: Barbara Askins, president, chief Contact: Peter Arndtsen, district manager, Central Park West. (718) 298-5489 ● MYRTLE AVENUE executive, (212) 662-8999 (212) 666-9774 Contact: Monica Blum, president, Email: [email protected] Delivers supplemental services related to Email: [email protected] Email: [email protected] (212) 581-3774 Website: www.180thstreetbid.com sanitation, maintenance, marketing, Website: www.125thstreetbid.com Website: www.columbusamsterdambid.org Email: [email protected] streetscape improvements, beautification Website: www.lincolnsquarebid.org ● 82ND STREET PARTNERSHIP and public safety for the area along ● 34TH STREET PARTNERSHIP ● EAST MIDTOWN PARTNERSHIP Supports and strengthens the local Myrtle Avenue (between Wyckoff Delivers supplemental services related to Delivers supplemental services related to ● LOWER EAST SIDE DMA business community by providing Avenue and Fresh Pond Road) and sanitation, maintenance, marketing, sanitation, marketing, capital Delivers supplemental services related to sanitation services, streetscape contiguous side streets, including capital improvements, beautification and improvements, beautification and public sanitation, maintenance, marketing, beautification, district marketing, triangle parks. public safety for the area generally safety for Madison, Park, Lexington, capital improvements, beautification and advocacy and more for the area along Contact: Theodore M. Renz, executive bounded by 31st Street to the south, Third and Second avenues, between public safety for the Lower East Side of 82nd Street between 37th and Baxter director, (718) 381-7974 36th Street to the north, Tenth Avenue East 49th and East 63rd streets. Manhattan. avenues in Queens. Email: [email protected] to the west and Park Avenue to the east. Contact: Rob Byrnes, president, Contact: Bob Zuckerman, executive Contact: Sofia Davila, program associate, Website: www.ridgewood-ny.com Contact: Daniel A. Biederman, president, (212) 813-0030 director, (212) 226-9010 (718) 335-9421 (212) 719-3434 Email: [email protected] Email: [email protected] Sharada Devi, executive director, ● QUEENS PLAZA/COURT SQUARE DMA Email: [email protected] Website: www.eastmidtown.org Website: www.lowereastsideny.com (718) 335-9421 Improving the business environment for Website: www.34thstreet.org Email: [email protected]; Queens Plaza/Court Square and ● FASHION CENTER ● MADISON AVENUE [email protected] supporting property owners, tenants, ● 47TH STREET—THE DIAMOND Delivers supplemental services for Delivers supplemental services related Website: www.82ndStreet.org employees and visitors through DISTRICT property owners and businesses related to sanitation, maintenance, marketing, placemaking efforts, as well as Delivers supplemental services related to to sanitation, maintenance, marketing, capital improvements, beautification ● BAYSIDE VILLAGE marketing and sanitation services. sanitation, maintenance, marketing, promotions, capital improvements, and public safety for the area along Supports the community along Bell Contact: Gayle Baron, executive director, capital improvements, beautification and beautification and public safety for Madison Avenue between East 57th Boulevard between Northern (718) 786-5300 x22 public safety for the area along West Manhattan’s garment district. and East 86th streets. Boulevard and 35th Avenue and a Email: [email protected] 47th Street between Fifth and Sixth Contact: Gerald Scupp, vice president, Contact: Matthew Bauer, president, portion of 41st Avenue. Provides Website: www.licpartnership.org avenues. (212) 764-9600 (212) 861-2055 services tailored to the community, Contact: Michael Grumet, executive Email: [email protected] Email: [email protected] such as neighborhood beautification, ● STEINWAY ASTORIA PARTNERSHIP director, (212) 302-5739 Website: www.fashioncenter.com Website: www.madisonavenuebid.org holiday lighting, government relations, Delivers supplemental services related to Email: [email protected] business assistance, special events and sanitation, maintenance, marketing, Website: www.diamonddistrict.org ● FLATIRON/23RD STREET ● UNION SQUARE PARTNERSHIP marketing. capital improvements, beautification and PARTNERSHIP Delivers supplemental services related to Contact: Lyle Sclair, executive director, public safety for the area along Steinway ● ALLIANCE FOR DOWNTOWN Delivers supplemental services related to sanitation, maintenance, marketing, (718) 423-2434 Street between 25th and 35th avenues in NEW YORK INC. sanitation, maintenance, marketing, capital improvements, beautification and Email: [email protected] Astoria, Queens. Delivers supplemental services related to capital improvements, beautification and public safety for the area along 14th Website: www.baysidevillagebid.com Contact: Marie Torniali, executive sanitation, maintenance, marketing, public safety for the area bounded by Street (between First and Sixth avenues) director, (718) 721-8252 capital improvements, beautification and Sixth Avenue to the west, Lexington and Union Square Park. ● JAMAICA CENTER Email: [email protected] public safety for the area generally Avenue to the east, 28th Street to the Contact: Jennifer E. Falk, executive Delivers supplemental services related to Website: www.steinwaystreet.org bounded by South Street to the north, and 21st Street to the south. director, (212) 460-1200 sanitation, maintenance, marketing, southeast, Murray and Fulton streets to Contact: Jennifer A. Brown, executive Email: [email protected] capital improvements, beautification and ● SUNNYSIDE SHINES BUSINESS the north, and West Street to the west. director, (212) 741-2323 Website: www.unionsquarenyc.org public safety for the area along Jamaica IMPROVEMENT DISTRICT Contact: Elizabeth H. Berger, president, Email: [email protected] Avenue between 169th Street and Delivers supplemental services related to (212) 566-6700 Website: www.discoverflatiron.org ● VILLAGE ALLIANCE Sutphin Boulevard, and Union Hall sanitation, maintenance, marketing, Email: [email protected] Delivers supplemental services related to Street between Jamaica and Archer capital improvements, beautification and Website: www.downtownny.com ● GRAND CENTRAL PARTNERSHIP sanitation, maintenance, marketing, avenues in Queens. public safety for the Sunnyside Delivers supplemental services related to capital improvements, beautification and Contact: Laurel Brown, executive neighborhood of Queens. ● ALLIANCE FOR DOWNTOWN public safety, sanitation, capital public safety for the area along Eighth director, (718) 526-2422 Contact: Rachel Thieme, executive NEW YORK INC.—GROWING improvements and maintenance, Street (between Sixth and Second Email: [email protected] director, (718) 606-1800 A BUSINESS WEBSITE beautification and marketing in an area avenues), the Astor Place Triangle, and Website: www.jamaicacenter.org Email: [email protected] Contact: Elizabeth H. Berger, president, with irregular boundaries running from Sixth Avenue (between West Fourth Website: www.sunnysideshines.org (212) 566-6700 35th and 54th streets and between and West Eighth streets). ● LONG ISLAND CITY BUSINESS Email: [email protected] Second and Fifth avenues. Contact: William Kelley, executive IMPROVEMENT DISTRICT ● WOODHAVEN Website: www.downtownny.com/grow- Contact: Alfred C. Cerullo III, president, director, (212) 777-2173 The Long Island City BID encompasses Delivers supplemental services related to your-business chief executive, (212) 883-2420 Email: [email protected] Queens Plaza and a portion of Jackson sanitation, maintenance, marketing, Email: [email protected] Website: www.villagealliance.org Avenue. Services include the capital improvements, beautification and ● BRYANT PARK MANAGEMENT CORP. Website: maintenance of clean sidewalks and public safety for the area along Jamaica Delivers supplemental services related to www.grandcentralpartnership.org ● 165TH STREET MALL IMPROVEMENT streets, nightly unarmed security Avenue between 100th Street and sanitation, maintenance, marketing, ASSOCIATION services, promotion of retail Eldert Lane. capital improvements, beautification and ● HUDSON SQUARE CONNECTION Delivers supplemental services related to opportunities and property listings, and Contact: Maria A.Thomson, executive public safety for the area around Delivers supplemental services related to sanitation, maintenance, marketing, marketing initiatives that promote the director, (718) 805-0760 midtown’s Bryant Park. marketing, capital improvements, capital improvements, beautification and district. Email: [email protected] Contact: Daniel A. Biederman, president, beautification and traffic management public safety for the area along 165th Contact: Dana Frankel, district services Website: www.woodhavenbid.com (212) 768-4242 for the area bounded by West Houston Street between 89th and Jamaica manager, (718) 786-5300 ext. 30 Email: [email protected] Street on the north, Canal Street on the avenues in Queens. Email: [email protected] Website: www.bryantpark.org south, Sixth Avenue on the east and Contact: Derek Irby, executive director, Website: www.licpartnership.org STATEN ISLAND Greenwich Street on the west. (718) 298-5489 ● CHINATOWN DISTRICT MANAGEMENT Contact: Ellen Baer, president, Email: [email protected] ● LONG ISLAND CITY PARTNERSHIP ● FOREST AVENUE BUSINESS ASSOCIATION (212) 463-9160, ext. 223 Website: www.165thstreetmall.com Promotes economic development in IMPROVEMENT DISTRICT The ninth Chinatown in North Email: [email protected] Long Island City; provides services to Delivers supplemental services related to America to be part of a business Website: www.hudsonsquarebid.org business constituents; offers sanitation, maintenance, marketing, improvement district. The district is the QUEENS clearinghouse of area news, networking capital improvements, beautification and first beneficiary of the pilot Wayfinding ● LINCOLN SQUARE BUSINESS and educational events for Queens Plaza public safety for the area along Forest program to guide visitors. IMPROVEMENT DISTRICT ● 180TH STREET and Jackson Avenue area in Queens. Avenue between Hart Boulevard and Contact: Wellington Z. Chen, executive The Lincoln Square BID delivers Delivers supplemental services related to Contact: Dana Frankel, district services Broadway on Staten Island. director, (212) 346-9288 supplemental services related to sanitation, maintenance, marketing, manager, (718) 786-5300 Contact: Loretta Cauldwell, executive Email: sanitation and area maintenance, public capital improvements, beautification and Elizabeth Lusskin, president, director, (718) 816-4775 [email protected] safety, marketing and events, capital public safety for the area along 180th (718) 786-5300 Email: [email protected] Website: www.explorechinatown.com improvements, and beautification for the Street between Liberty and Brinkerhoff Email: [email protected] Website: www.forestavenuebid.com

October 28, 2013 | Crain’s New York Business | 21 FOR THE RECORD

are available in hard copy for a $35 COMMERCIAL Stu L. Morden of Newmark Grubb deposit, payable only by money order or ● Fusion Learning Inc. signed a lease for Knight Frank. The asking rent was $300 ABOUT THIS SECTION certified check. To make inquiries, 14,300 square feet at 157 Columbus Ave. per square foot. FOR THE RECORD is a weekly listing of information from the public record that contact Ben Perrone at (718) 391-2200. The academic tutoring company will can help businesspeople in the New York area find opportunities, potential take space on the third floor of the ● Health and Hospitals Corp. building.The tenant was represented by STOCK TRANSACTIONS new clients and updates on competitors. Seeks competitive sealed bids by 1:30 Paul Ferraro, James Malone and Brian To ask questions or get more information on this section, contact Crain’s p.m. on Nov. 13 for the modernization Niehaus of Jones Lang LaSalle.The Following are recent insider transactions at research department at [email protected]. of elevators at Bellevue Hospital. Bid landlord, the Brodsky Organization, was New York’s largest publicly held companies documents can be picked up between 9 represented by Andrew Braver, Josh filed with the Securities and Exchange a.m. and 4:30 p.m. at 346 Broadway, Kuriloff and Jodi Roberts of Cushman & Commission by executives and major 12th floor west, for a nonrefundable $25 Wakefield.The asking rent was in the shareholders. Listings are in order of NEW IN TOWN Filed for Chapter 11 bankruptcy fee, payable only by company check or $40s per square foot. transaction value.The information was protection on Oct. 11. The filing cites money order. Prebid meetings and site obtained from Thomson Reuters. Companies that would like to have details estimated liabilities of $1,000,001 to tours are scheduled for Oct. 28 and Oct. ● Compass Group USA signed a 10-year of openings published should submit $10 million and estimated assets of 29 at 10 a.m. at Bellevue Hospital lease for 8,600 square feet at 31 Penn ● ACI Worldwide Inc. (ACIW) descriptions following this format to $1,000,001 to $10 million. Center, 462 First Ave., administration Plaza. The food-service management Philip G. Heasley, president and chief [email protected], with building, ninth floor, room A-936. To company will take a portion of the sixth executive, exercised options on 50,000 “New in Town” in the subject line. ● Affairs Afloat Inc. make inquiries, contact Emmanuel floor.The tenant was represented by shares of common stock at $22.65 on 1632 York Ave., Manhattan Obadina at (212) 442-3680 or Michael Burlant and Tyler McNeil of Oct. 1, in a transaction worth ● Fendi Casa Filed for Chapter 11 bankruptcy [email protected]. Cushman & Wakefield.The landlord, $1,132,500. On the same day, he sold 153 Madison Ave., Manhattan protection on Oct. 15. The filing cites Savanna, was represented by Matthew 50,000 shares of common stock at The luxury home-goods brand opened estimated liabilities of $1,000,001 to GOODS AND SERVICES Astrachan, Mitch Konsker and Matt $54.51, in a transaction worth in Gramercy. It is the first New York $10 million and estimated assets of ● Department of Citywide Administrative Polhemus of Jones Lang LaSalle.The $2,725,740. He now directly holds location for the designer, and its first on $1,000,001 to $10 million. Services asking rent was undisclosed. 308,630 shares. the East Coast. Seeks competitive sealed bids by 10:30 ● Gordon & Ferguson Inc. a.m. on Nov. 8 for an all-wheel-drive RETAIL ● Cognizant Technology Solutions Corp. ● Just Cavalli 58 W. 40th St., Manhattan crossover vehicle. A copy of the bid can ● The Brooklyn Night Bazaar signed a (REGN) 434 W. Broadway, Manhattan Filed for Chapter 7 bankruptcy be downloaded from the City Record lease for 24,000 square feet at 29 Norman Ramakrishnan Chandrasekaran, group The designer reopened in SoHo. The protection on Oct. 11. The filing cites Online site at http://a856-internet Ave. in Brooklyn. The flea market and chief executive of technology and new flagship store replaces the Fifth estimated liabilities of $500,001 to .nyc.gov/nycvendoronline/home.asp, or entertainment venue will operate on operations, exercised options on 25,000 Avenue shop that closed nearly two $1 million and estimated assets of $0 to can be requested by contacting vendor Friday and Saturday evenings, offering shares of common stock at $18.21 on years ago. $50,000. The creditors with the largest relations at dcasdmssbids@ dcas.nyc.gov crafts, food and more. The tenant and Oct. 11, in a transaction worth $455,250. unsecured claims are SDV USA, owed or (212) 669-8610. To make inquiries, the landlord, 29 Norman Ave. Realty, On the same day, he sold 25,000 shares of ● Reserve Cut $69,553.51; Majorway Ltd., owed contact Edward Andersen at were represented by Vincent Lopez and common stock at $85.15, in a transaction 40 Broad St., Manhattan $68,057.40; and Dominic D’Alesandro, (212) 669-8509 or Jacques Wadler of Kalmon Dolgin worth $2,128,750. He now directly holds The restaurant opened in the financial owed $50,000. [email protected]. Affiliates. The asking rent was 135,291 shares. district. The kosher steakhouse shares undisclosed. the same owner as Sheepshead Bay, ● LIC Crown Leasehold Owner ● Department of Health and Mental ● Hess Corp. (HES) Brooklyn, butcher shop the Prime Cut. 601 W. 26th St., Manhattan Hygiene ● NIC+ZOE renewed and expanded its Gregory P.Hill, executive vice president Filed for Chapter 11 bankruptcy Seeks competitive sealed bids by 11 a.m. lease to 2,900 square feet at 561 Seventh and president of worldwide exploration ● Sekt protection on Oct. 10. The filing cites on Nov. 13 for a contractor to furnish Ave. The apparel brand will take most of and production, exercised options on 651 Fifth Ave., Brooklyn estimated liabilities of $50,000,001 to highly skilled centrifugal and absorption the 10th floor to expand its showroom 24,870 shares of common stock at The restaurant opened in Park Slope. $100 million and estimated assets of chiller technicians and helpers to and accommodate for future growth.The $60.07 on Oct. 9, in a transaction worth The Eastern European eatery is a sister $1,000,001 to $10 million. The creditors perform factory-recommended tenant did not have representation.The $1,493,941. On the same day, he sold restaurant to Korzo Haus, located at 178 with the largest unsecured claims are SL maintenance and repairs to the central landlord, Handler Real Estate 24,870 shares of common stock at prices E. Seventh St. in the East Village. Realty Services, owed $586,783.26; air-conditioning plant located in the Organization, was represented in-house ranging from $78.70 to $78.76, in a NYCERS, owed $283,399.10; and Public Health Laboratories at 455 First by Scott Galin and Darrell Handler.The transaction worth $1,958,076. He now ● Third Street Partners Schick Technologies Inc., owed Ave.To order copies of the bid or to asking rent was $45 per square foot. directly holds 75,201 shares. 424 Madison Ave., Manhattan $160,000. make inquiries, contact Shermaine The boutique executive-search firm Manifold at (347) 396-6678 or ● By the Way Bakery signed a lease for ● John Wiley & Sons Inc. (JWA) opened in midtown east. It is the first ● Mantara Inc. [email protected]. 700 square feet, including 300 square William J. Pesce, director, exercised location for the new company. 215 Park Ave., Manhattan feet of basement space, at 2442 options on 19,093 shares of common Filed for Chapter 11 bankruptcy ● Economic Development Corp. Broadway. It is the Westchester-based stock at $47.55 on Oct. 15, in a protection on Oct. 16. The filing cites Seeks proposals by 4 p.m. on Nov. 26 for patisserie’s first New York City location. transaction worth $907,872. Between COMPANY MOVES estimated liabilities of $1,000,001 to the purchase and development of a The tenant was represented by Joseph Oct. 14 and 15, he sold 68,680 shares of $10 million and estimated assets of vacant lot located at the northeast corner Aquino, Faith Hope Consolo and common stock at prices ranging from Companies that would like to have details $1,000,001 to $10 million. The creditors of Beach Channel Drive and Beach 63rd Arthur Maglio of Douglas Elliman’s $47.55 to $49.04, in a transaction worth of recent moves published should submit with the largest unsecured claims are Street, Queens. An optional information Retail Group. The landlord, 215 West $3,294,183. He now directly holds descriptions following this format to NYSE Technologies, owed session will be held on Oct. 15 at 10 a.m. 90th Street Retail, was represented by 112,926 shares. Ⅲ [email protected], with $211,399.20; Greenline Financial at the department, 110 William St., “Company Moves” in the subject line. Technologies Inc., owed $89,345.01; sixth floor. To order copies of the bid or and Equinix Inc., owed $87,282.11. to make inquiries, contact Maryann DEALS ROUNDUP ● Atelier Cologne Catalano at (212) 312-3969 or ● 357 Atlantic Ave., Brooklyn MRM 88 BeachChannelDriveRFP@ nycedc.com. TRANSACTION SIZE The fragrance company opened in 97 Washington St., Manhattan TARGET/SELLER (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE Boerum Hill. The brand, which also has Filed for Chapter 11 bankruptcy ● Housing Authority shops in Paris, now has two New York protection on Oct. 15. The filing cites Seeks competitive sealed bids starting at PVR Partners / $5,656.3 Regency Energy Partners SB M&A Atlantic Trust PWM, City locations; the other is at 247 estimated liabilities of $500,001 to 10:25 a.m. on Nov. 14 for removal and Riverstone Holdings Elizabeth St. in SoHo. $1 million and estimated assets of installation of interior doors and closet- (Manhattan), Blackwell $1,000,001 to $10 million. door conversion, apartment entrance Partners, Kayne Anderson ● Joe Fresh doors and bucks, kitchen cabinets and Capital Advisors, Eagle 462 Broadway, Manhattan general carpentry work at various sites Global Advisors, The luxury designer opened a store in GOVERNMENT CONTRACT citywide. Bid documents can be Magnetar Capital, SoHo. It is the sixth New York City OPPORTUNITIES downloaded at www.nyc.gov/html/ ClearBridge Investments (Manhattan), Harvest location for the company. nycha/html/business/business.shtml or Fund Advisors, KA Fund Following are selected contract obtained in hard copy at the Advisors, Penn Virginia ● Town Residential opportunities recently announced by New department, 90 Church St., sixth floor, Resource LP Corp., Legg 446 W. 15th St., Manhattan York City agencies. To learn how to sell for a $25 nonrefundable fee, payable Mason Partners Fund The real estate agency opened an office goods and services to city government, only by money order or certified check Advisor (Manhattan), in the meatpacking district. It is the visit www.nyc.gov/selltonyc. For a made out to NYCHA. To make Chief E&D Holdings 10th Manhattan location for the firm. searchable database of current procurement inquiries, contact Erneste Pierre-Louis MacDermid Inc./ $1,800.00 Platform Acquisition Holdings Ltd. SB M&A notices, visit www.nyc.gov/cityrecord. at (212) 306-3609 or erneste.pierre- Court Square Capital Listings are alphabetical by category and [email protected]. Partners (Manhattan), BANKRUPTCIES Weston Presidio, department. MacDermid Group Inc. The following listings are selected from the CONSTRUCTION SERVICES REAL ESTATE DEALS Chemlogics Group/ $1,345.0 Solvay SA SB M&A ● Department of Design and Construction One Equity Partners most recent available filings by companies (Manhattan) seeking bankruptcy protection in the Seeks competitive sealed bids by 11 a.m. Companies that would like to have details Southern and Eastern Districts of New on Nov. 7 for the installation of water of their recent transactions appear in these Hess Corp. 20 liquid- $850.0 Buckeye Partners SB M&A petroleum terminals on York. Information was obtained from U.S. mains and appurtenances for new listings should email descriptions following the U.S. East Coast and Bankruptcy Court records available on building construction and for this format to NDholakia@crains St. Lucia/Hess Corp. Public Access to Court Electronic Records. improvement to the city’s water main newyork.com, with “Real estate (Manhattan) Listings are in alphabetical order. distribution system and fire protection transaction” in the subject line, or enter Selected deals announced for the week ended Oct. 12 involving companies in metro New York. in various locations in Brooklyn and them online at crainsnewyork.com/ SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing shares ● 197 Dinos Corp. Staten Island. Bid documents can be submitadeal. Deals are listed in order of of a company without the participation of a financial buyer. source: capitaliq 133 W. 119th St., Manhattan downloaded at www.nyc.gov/buildnyc or square footage.

22 | Crain’s New York Business | October 28, 2013 CRAIN’S CORPORATE PROFILES ACCOUNTING

CPA FIRMS EXPAND THEIR GROWTH OPTIONS WITH FINANCIAL

PLANNING SERVICES ...... S2

TALES FROM NEW YORK’S ACCOUNTING TALENT WARS ...... S4

SMALLER AREA FIRM HEDGES ITS BETS WITH INNOVATIVE SERVICES ...... S8

A CULTURALLY DIVERSE APPROACH WINS AREA CPA FIRM’S

NEW BUSINESS ...... S9

Special Advertising Section Crain’s Corporate Profiles in Accounting Special Advertising Section

CPA FIRMS EXPAND THEIR GROWTH OPTIONS WITH FINANCIAL PLANNING SERVICES

BY ALEC FOEGE

When Stuart Shapiro, a partner at accounting rm It didn’t hurt that he already had an agreement in place Shalik Morris & Co., with oces in Woodbury, N.Y., with Morgan Stanley Smith Barney via a solicitor’s White Plains, N.Y., and Stamford, Conn., rst devel- agreement to provide Shalik Morris’s clients access to oped an interest in branching out into personal nance a world-class selection of investment platforms and a and wealth management over a decade ago, he pursued top-notch investment team. “I’m more like the quarter- a traditional route. He became a personal nancial spe- back,” says Shapiro. cialist, a designation of the American Society of Cer- tied Public Accountants and a registered investment George Spiropoulos, family wealth director at Mor- adviser. He also acquired licenses to sell life, health and gan Stanley Wealth Management, says in the 14 years accident insurance. he’s been oŒering his team’s services to CPA rms, he’s never gotten more inquiries than he has in recent In the years since, he fashioned a lucrative sideline as months. ‚rough the Morgan Stanley association, the a nancial planner. But for a while it remained just midsize Shalik Morris can compete with much larger that, a sideline. He tried convincing his partners at accounting rms and tap their existing client base for Shalik Morris that it made sense to cross-sell personal additional revenues. nance products to existing accounting clients who already trusted the rm. “I look at it as a value-added “I think a lot of midsize rms in the New York area are service,” Shapiro says. “‚ey were worried that they’d getting their margins squeezed at both ends, by big and lose accounting clients if anything went wrong [with small rms,” says Spiropolous. “Lately, I’ve been getting the markets].” calls from people I’ve been calling on for years.”

But Shapiro persisted, and eventually won over his “Many smaller rms in the area see it as a way to build partners. About six months ago, Shapiro got the OK to their practice,” conrms Rick Telberg, president of CPA approach the rm’s accounting clients about its nan- Trendlines Research. cial planning services, both to help the owners of small In the late 1990s, many states (including New York) business take a holistic approach to their nances and changed rules prohibiting accountants from oŒering to improve Shalik Morris’s growth potential. nancial planning. ‚e number of CPAs enrolling in

(Continued on S3)

EISNERAMPER LLP

BUSINESS LEADERS IN NEW YORK

“New York City is the nancial capital of the world; we Amper is the £h largest CPA rm in the New York In tune with our focus on nding the next generation have signicant resources which we are able to put at area and represents the alternative to the Big Four. of leaders, EisnerAmper has been a proud sponsor our clients’ disposal right here,” says Charly Weinstein, of the NYU Stern Business School’s Entrepreneurs CEO of EisnerAmper LLP. “One of the rm’s greatest “What has made us successful is the drive to seek out Challenge, one of the nation’s largest and most rigorous strengths is our ability to connect our clients with entrepreneurial leaders. ‚is keeps us active in emerg- business plan competitions. the capital markets. We are strongly positioned in the ing markets and in turn drives our own growth,” says emerging technology community, thereby connecting Weinstein. “Our clients’ success contributes to our own, the two most important drivers of economic activity in and vice versa. Our expertise is in helping companies New York today: technology and capital.” grow, from start-up through IPO.”

EisnerAmper is one of the largest full-service account- We recognize that the fastest-growing, most dynamic ing and advisory rms in the U.S. ‚e rm provides companies are imbued with their leader’s sense of mis- audit, accounting and tax services, as well as corporate sion and determination to succeed. Our experience has nance, internal audit and risk management, litigation taught us that while all business owners and CEOs have CONTACT consulting, forensic accounting and other profession- their own management style, eŒective leaders share a Charles Weinstein, CEO al services to clients across all the major industries; number of attributes: 212.891.8030 working with high net worth individuals, family oŸces, www.eisneramper.com › A clear vision of what the organization should be as closely-held businesses, and start-up, middle-market, it grows and evolves. and Fortune 500 companies. ›A n ability to nd, recognize and pursue opportuni- EisnerAmper is recognized internationally as one of the ties. premier CPA rms providing services to the nancial › A strong drive to meet goals and immediately estab- services industry. ‚is in turn fuels our knowledge of lish new ones. the capital markets, helping clients with mergers and › A willingness to make tough decisions about people, acquisitions, debt nancing, due diligence, valuation, nance and strategy. international expansion, restructuring and more. ›A n ability to serve as the organization’s motivator and conscience. EisnerAmper is one of the nation’s leading auditors of ›A n understanding that business is personal; that SEC registrants and maintains one of the largest public the relationships we build are critical to growth and company practices of any independent rm, providing success. services to more than 150 public companies. Eisner-

S2 Special Advertising Section Crain’s Corporate Profiles in Accounting

(Continued from S2) nancial planning programs has steadily increased in months, as well as M&A advice and payroll consulting. mixing nancial planning with traditional tax work, recent years. In 2011, 427 accountants took the certied “¡e lack of organic growth in the industry” is a big the numbers suggest that the trend is likely to continue nancial planner exam, as compared with 249 the driver, he says. In addition, “the traditional accounting gathering steam. previous year. Some 7,500 CPAs held the CFP designa- business is transactional,” unlike wealth management, tion at that time, according to the Certied Financial which generally bills a percentage of assets under man- Says Kive Stricko of his rm’s current business, “Fi- Planner Board of Standards, and another 5,000 were agement. nancial services is growing at a higher percentage than registered as personal nancial specialists through the the accounting side.” AICPA. While some CPA rms still express reluctance about

Large national rms usually build nancial planning departments in house, but smaller rms typically need to outsource at least part of the function.

Kive Stricko , who runs a 37-year-old, seven-person accounting rm out Garden City, N.Y., and Manhattan with his wife, became a registered investment adviser in 1999 and chose to provide nancial planning for his existing clients personally. “I have developed a good rapport with my clients over the years,” Stricko says.

While Stricko directly provides many of his account- ing clients with advice regarding their investment portfolios and retirement plans, he relies on 1st Global, a Dallas-based research consultant and broker-dealer that caters to CPA rms, for all of his back-o ce nan- cial functions, including trading.

Ryan George, director of communications at 1st Global, says his rm teaches accounting rms how to expand into wealth management as a growth strategy. “We believe a business’s accountant is the ideal person to counsel them on personal nancial planning since the accountant has the whole nancial picture,” says George.

George says 1st Global has seen a pickup in account- ing rms looking to o er nancial services in recent

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S3 Crain’s Corporate Profiles in Accounting Special Advertising Section

TALES FROM NEW YORK’S ACCOUNTING TALENT WARS

BY ALEC FOEGE

Cornelius V. Kilbane, Jr., partner-in-charge at the mid- A fair shot, indeed. Stories like Kilbane’s are becoming town Manhattan-based accounting ˆrm Raich Ende increasingly common in the New York area’s over- Malter & Co., vividly recalls the time a couple years heated public accounting market. While the economy ago when he extended a generous oŸer to a partner at continues to recover, organic growth at locally-based a competing ˆrm to join Raich as a partner. A£er an accounting ˆrms remains sluggish, and the average intense period of negotiations, the deal was ˆnalized. age of partners continues to rise with mass retirements looming. Meanwhile, ˆrms are getting more specialized Or so Kilbane thought. In the eleventh hour, rather and need talented partners to ˆll out existing rosters than coming on board, the candidate instead decided to and new niches. accept a generous counteroŸer from his current ˆrm. “We’ve had a substantial number of partners com- Kilbane was disappointed, but the story doesn’t end ing from the Big Four and other national ˆrms,” says there. A year later, he got a call from the very same Charles Weinstein, chief executive oŒcer of Eisner- partner, once again expressing serious interest in Amper, a 170-partner CPA ˆrm, also based in mid- switching teams. Cautious but game, Kilbane ultimately town. Weinstein says his ˆrm has hired 40 lateral part- acted against his better judgment and made a second ners over the last ˆve years but never to acquire their oŸer. clients. “We’re opportunistic: ¦e only good reason to bring in lateral partners is to expand expertise.” As it ¦is time, the candidate agreed to make the jump and happens, Weinstein arrived at what was then Eisner in was hired. Today, he remains at Raich Ende Malter as 1989 as a lateral hire. a productive partner and just one example of several Whatever the reason, the accounting talent wars successful senior lateral hires Kilbane has made in Not that Weinstein hasn’t had his own frustrating recent months. have reached a feverish pitch in the last year, by most battles in bringing on new talent. “One partner, three accounts. In a 2013 survey done by the American Insti- times he accepted oŸers from us, and each time he was Asked about this surprising twist in the talent acqui- tute of CPAs, respondents identiˆed “ˆnding qualiˆed countered and stayed with his current ˆrm,” he says. sition process, Kilbane responds nonchalantly, saying staŸ ” as one of the top ˆve concerns in four out ˆve A£er three tries, Weinstein moved on. only, “We gave him a fair shot.” categories based on the ˆrm’s size (the only exception

(Continued on S6)

CITRIN COOPERMAN

UNCOMPROMISED SERVICE AMIDST FAST-PACED GROWTH

Since 1979, Citrin Cooperman has grown successfully services, food services, franchising, funeral homes, by adding quality clients in a diverse range of industries healthcare, law rms, manufacturing/distribution, not- coupled with strategic mergers. Our commitment to for-pro t, real estate, restaurants, stang, technology. being a trusted advisor in the lives of our clients has al- lowed the ˆrm to attract and retain clients and talented CLIENT PROFILES professionals. ›P ublic and privately-held companies ›H igh-net worth individuals FIRM STATS ›M ulti-family/generational businesses JOEL A. COOPERMAN Managing Partner and Co-Founder Employees: Approximately 500 Citrin Cooperman OŒce Locations: New York, NY (Headquarters); MERGER & ACQUISITION GUIDE White Plains, NY; Norwalk, CT, Livingston, NJ; Philadelphia, PA FOR BUSINESS OWNERS While deals are happening around the world on a Annual Revenue: $132 million daily basis, many businesses are maintaining the status ACCREDITATIONS quo and are missing the opportunity to grow or tran- CORE SERVICE LINES sition their business with an M&A strategy. Research Citrin Cooperman is a member of ›A udit and attest data shows that the best business owners have M&A Moore Stephens North America and ›T ax compliance and research services strategies long before they plan on participating in the Moore Stephens International Ltd., an ›A ccounting and advisory M&A process. International network of accounting ˆrms. Additionally, Citrin Cooperman PREMIER SERVICE AREAS Get started on building your M&A strategy today and oŸers wealth management and insurance ›B usiness consulting download 5 M&A Scenarios Every Owner Should Be services under their subsidiaries: Citrin ›I nternational tax Prepared to Face at citrincooperman.com/MAplan Cooperman Wealth Management and ›L itigation CC Employee Beneˆts. ›M erger and acquisition ›S tate and local tax ›V aluation and forensic services INDUSTRY SECTORS Apparel, architecture and engineering, auto dealer- ships, construction, entertainment and music, ˆnancial

S4 Special Advertising Section Crain’s Corporate Profiles in Accounting

ANCHIN, BLOCK & ANCHIN LLP

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‚e rm’s mission is to be our clients’ Expert Part- ner, accomplishing this through creativity, inno- vation, insight, integrity and care. Our size and culture allow us to provide a full range of services while oering personalized attention to the diverse needs of our clients. By oering this type of superi- or service and a quality work product, Anchin has enjoyed long-term relationships with our clients – some for more than half a century. ANCHIN’S TAX CREDITS & INCENTIVES GROUP: HOW WE HELP CLIENTS ‚e Anchin Tax Credits & Incentives Group is committed to helping clients take advantage of the many incentive programs oered by federal, state and local government agencies. ‚ese programs en- hance economic development by spurring compa- nies to make business investments and to create and retain jobs, thus promoting commercial activity and strengthening the economy. Our specialists identify companies that are eligible for these business incentives and assist them through the complexity of government programs. ‚e group works with a SOME IMPORTANT PROGRAMS TO wide range of tax and business incentive programs TAKE ADVANTAGE OF NOW INCLUDE: to deliver tangible benets.

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S5 Crain’s Corporate Profiles in Accounting Special Advertising Section

(Continued from S4) was sole practitioners). is was a dramatic rise from the 2011 survey, in which only one category cited the talent de cit as a top ve concern.

In New York, the pressure to hire talented partners seems even more acute.

“e New York metro area is the global center of the public accounting universe,” so naturally everything happens here on a larger scale, says Robert Fligel, pres- ident of RF Associates, a Manhattan-based rm that re- cruits and helps place partners at area accounting rms. Fligel, who also consults on accounting rm mergers, says the region’s accounting M&A mania of recent years has created a pool of accomplished partners who may be suddenly unhappy with the new leadership of the merged rms.

Fortunately for them, the lack of organic growth in the industry means that plenty of competing rms are looking to add potential rainmakers to their ranks.

Over the last decade, colleges graduated fewer account- ing majors, due to the pull of Wall Street and technol- ogy companies, and of those who did pursue account- ing, many joined the corporate world. And while the economic crisis of 2008 made some of those ¦ashier careers seem a little less appealing, the more recent recovery has leœ many area accounting rms desperate for experienced talent.

Joel Cooperman, co-founder and managing partner at Citrin Cooperman, says his rm has been bringing in lateral partners for more than a decade. “But over the last couple years, it has been more prevalent,” he says. Just in the past month, his rm has hired three lateral partners.

(Continued on S7)

FRIEDMAN LLP

THE NAME YOU SHOULD KNOW

Ninety years old – generally the thinking is that things areas, such as the Real Estate and Forensic Account- slow down at this age. is is not the case with Fried- ing, Litigation Support and Valuation Services (FLVS) man LLP and its more than 300 accounting, tax and practices, both of which have seen continuous growth business consulting professionals. e rm will cele- over the past year. In addition to these practice areas, brate this milestone throughout 2014 with a renewed the rm’s industry expertise includes Fashion, Not-for- sense of purpose and a determination to continue to Pro t, AŽordable Housing, Hospitality, Manufacturing, provide exceptional service to its clients, some of which Telecommunications and Technology, to name a few. have been with Friedman for decades. ACHIEVING GOOD IN OUR INDUSTRYFOCUSED OFFICE AND OUR COMMUNITY ACCOUNTING, TAX AND Friedman is dedicated not only to its clients, but also to its employees and the community. e rm provides BUSINESS CONSULTING John Fleury (Audit Senior), Maria Gonzalez (Senior Manager), Bruce Madnick its staŽ with unique opportunities to grow and manage (Managing Partner) (from le to right, back row) SERVICES their careers. e rm is consistently named one of Daphne Liu (Experienced Associate), Harriet Greenberg (Partner) “What makes Friedman unique is our power in a small the best places to work by Crain’s New York Business, (from le to right, front row) package,” explained Friedman’s Managing Partner Accounting Today, NJ BIZ, Long Island Business News, Bruce Madnick. “We are able to access resources from and Vault.com. our New York City headquarters, multiple New Jersey Demonstrating a commitment to the community, locations, Long Island oŠce and worldwide through CONTACT members of rm management have been involved with DFK International - all staŽed with the area’s leading 1700 Broadway | New York, NY 10019 a number of nonpro ts, oœen in leadership positions. industry and technical professionals.” Ph: 212.842.7000 Organizations include Big Brothers Big Sisters of New E: [email protected] Part of that power comes from Friedman’s ability to York, NY Philanthropic Advisors Network, Brooklyn W: FriedmanLLP.com specialize. A good example of this is exhibited in the and Manhattan Chambers of Commerce, B’nai B’rith rm’s tax department. In addition to its well-regarded and ORT America. e rm is also a proud sponsor of core compliance and planning services, the practice a Fashion Institute of Technology scholarship award. includes professionals dedicated to areas such as Inter- national Tax, State and Local Tax (SALT), Tax Contro- e rm’s commitment to its clients, employees and versy and Governance, Risk and Compliance (GRC). community will continue through 2014 and beyond, as the values which have served the rm so well for Friedman is particularly known for niche practice ninety years continue to be the center of its philosophy.

S6 Special Advertising Section Crain’s Corporate Profiles in Accounting

(Continued from S6) In early October, Patricia A. Cummings joined Citrin Finally, many area Žrms agree that there also has been a Cooperman as a partner aer 17 years with Grant generational shi in the way partners view the account- “RIGHT NOW, THE €ornton, where she most recently served as assistant ing industry. managing partner of its New York o‡ce. “€e younger generation views work as an integral part DEMAND IN SECTORS “Pat is representative of the burgeoning need for fast- of life,” says Norman Schulman, co-managing partner track lateral partners,” says Fligel, who was advisor at Schulman Lobel Wolfson Zand Abruzzo Katzen SUCH AS TAXES AND on the deal. “As a professional with robust rainmak- & Blackman. Many are younger partners are more ing skills, a highly technical background and current entrepreneurial than their predecessors, eager to Žnd leadership skills as the Assistant Managing Partner for the perfect Žt for their skills and ambitions. “I think the FINANCIAL SERVICES a national Žrm, she realized that she wanted a more view of a lateral partner is ‘the grass is always greener.’” entrepreneurial next step and chose Citrin.” IS PARTICULARLY Many younger partners also have lived through merg- Not surprisingly, Joel Cooperman credits increased ers that make staying put less desirable. “Sometimes activity by recruiters as partly responsible for the surge. the Žrm is too top-heavy or opportunity is too limited,” STRONG. BUT “I’m still getting calls for me to leave,” he says, jokingly. says Kilbane. CULTURAL FIT ALSO But bringing in a lateral partner is rarely a simple €at said, area Žrms say their prime interest when process. First, there are recruiting fees, which can be hiring partners away from rivals is always acquiring signiŽcant. €en there is the cost to the Žrm until talent. Right now, the demand in sectors such as taxes RANKS NEARLY AS the partner brings in new business. Most accounting and Žnancial services is particularly strong. But cultural partners also come with restrictive covenants, which Žt also ranks nearly as high, meaning many CPA shops HIGH, MEANING need to be negotiated with Žrm the partner is leaving. like to take their time to get to know a partner candi- Depending on whether or not a partner is bringing date. “We don’t need a decision the same day,” says Joel along existing clients typically prompts another round Cooperman. “We’re not the Titanic.” MANY CPA SHOPS of negotiations. With large accounting mergers increasing, and many LIKE TO TAKE THEIR “Oen, a partner will leave with a book of business,” smaller Žrms struggling to keep pace, many Žrms says Cooperman. anticipate a continuing stream of partners looking to make a move to a Žrm that fulŽlls their career dreams. TIME TO GET TO Hence, the countero˜er. “€e Žrm might be losing a key person,” says Robert Fligel. “So when they go in to €e opportunities are deŽnitely there. As Norman KNOW A PARTNER resign, the company tries to retain them.” As a general Schulman puts it, “We’re anxious to talk to anyone rule, Fligel doesn’t think accepting countero˜ers is a who’s talented.” Still, making the lateral leap warrants good idea, “unless the partner is made aware of newly serious contemplation. “If someone’s very unhappy, you CANDIDATE.” provided information.” can get them in a heartbeat,” says Schulman. “But we want someone to come here because they’re a good Žt.”

GRASSI & CO.

FIRM OVERVIEW ness throughout the rm. Grassi & Co. specializes in providing accounting, audit- e rm’s commitment ing, tax, litigation support, valuation, business manage- to diversity, continuous Bringing clients to the next level ment and technology consulting services to businesses training and improve- in the New York metro area. e breadth and depth of ment for all of its employ- services available to Grassi & Co.’s clients are equivalent ees instills the condence to those oered by Big Four rms, but enhanced by a that its team has the more personalized approach. tools necessary to drive growth—for its employ- CLIENT CENTRIC ees, the rm, the commu- nity and most importantly SERVICE APPROACH its clients. Grassi & Co. is built around a client-centered approach, providing clients with expertise based around their LEADING THE specic needs. Each practice group studies the dynam- Industries served: INDUSTRY Construction . Manufacturing & Distribution . Healthcare . Technology . Real Estate ics of their industry, gathering information to make 1RWIRU3URÀW. Architecture & Engineering . Financial Services . Retail . Transportation & Shipping positive business improvements for clients. e rm’s As a leader in our market, professionals meet with thought leaders within the Grassi & Co. has been industries they serve in order to provide a high level of recognized by many service and stay abreast of the major issues impacting industry publications and organizations. their clients. CONTACT Some of the rm’s most notable accolades include: 488 Madison Avenue | New York, NY 10022 COMMITMENT TO GROWTH Ph: 212.661.6166 Grassi & Co.’s overall mission is to help its employees, ›“ Best of the Best Firm” for EIGHT consecutive years clients and community succeed and grow. e rm and ›T op 50 Fastest Growing Company in New York City 50 Jericho Quadrangle | Jericho, NY 11753 its professionals have been committed to the growth ›B est Places to Work in New York City Ph: 516.256.3500 and improvement of the New York Metro community ›B est Company to Work for in New York State W: grassicpas.com for more than 30 years. ›A ccounting Service Firm of the Year Award ›L ong Island Business Achievement Award As a rm that values and embraces cultural dierences, Grassi & Co. strives to continuously enhance inclusive-

S7 Crain’s Corporate Profiles in Accounting Special Advertising Section

SMALLER AREA FIRM HEDGES ITS BETS WITH INNOVATIVE SERVICES

BY ALEC FOEGE

e complexity of hedge fund investing can create To complete their Schedule K-1s, funds of funds are it can appear on and alerts the user of any anomalies unique challenges for the accounting rms that prepare required to gather all items of income and deduction that need further attention, such as foreign qualied their tax returns. But funds composed of investments from their underlying hedge funds while preserving dividend income. in other funds, so-called funds of funds, make such the tax attributes reported by each of those funds. One challenges even tougher, due to their seemingly endless di”culty in preparing a fund of funds K-1 is that the While it becomes increasingly di”cult for smaller New web of reporting requirements. various funds and their accountants can end up enter- York area accounting shops to compete with large na- ing the same item in dierent places on a Schedule K-1. tional and regional players, there are still advantages to Whether it is a technological upgrade, an expanded Qualied dividend income, for example, can appear on be had for nimbler rms that can develop new products array of services, or new billing structure, innovations line 6B or on line 1, or even on line 11F. Because a K-1 and services for existing clients. in areas that are relevant to specic niches of a rm’s is led for each related fund, the Summary K-1 can add “Some hedge funds, since the Mado aair, go to client base oen can help an accounting rm dierenti- up to a mountainous pile of paperwork. ate itself in a crowded, competitive marketplace such as the Big Four or national rms,” due to compliance the New York area. Aer the talk, Woloso says, attendees formed a long concerns, says Margolin’s managing partner, Teddy line to ask him further questions. “One person said, it Selinger. But oentimes, a local CPA rm with a strong It was in this context that Kenneth Woloso, a tax takes me three hours to gather the information for just focus on their industry can help investment rms partner at Margolin, Winer & Evens, a 200-person one individual’s K-1,” he says. Astonished that many tax operate more e”ciently and transparently. Selinger says accounting rm with locations in Garden City, N.Y., professionals were confounded by the process, Wolos- Margolin’s new K-1 solution has already served as a and Manhattan, gave a presentation at an all-day tax o thought to himself, “Can’t you make it simpler?” good marketing tool: “We have several interviews lined conference held by the Nassau County chapter of the up with rms interested in the new product.” New York State Society of Certied Public Accountants Fortunately for Margolin’s clients, the answer was yes. in December 2012. e benets of devising alternative and creative solu- Woloso and his rm spent the next few months tions to industry-specic accounting problems also “I spoke for an hour on how to understand a Schedule devising an innovative, technology-based Schedule K-1 helps reinforce a rm’s value to existing clients, reem- K-1,” Woloso recalls, referring to a tax document used solution tailored specically to the needs of the hedge phasizing to those clients why they chose the CPA rm to report the incomes, losses and dividends of a busi- fund industry, from which it draws a substantial num- in the rst place. ness’s partners or shareholders. ber of clients. For example, Margolin’s Summary K-1 tracks non-passive income and loss across any lines

THE MARCUM REAL ESTATE GROUP The Firm’s Real Estate Group specializes in providing financial, tax and accounting solutions. Marcum provides a full range of services to real estate owners, developers, managers, REITs, private equity funds, institutional investors hotel owner operators and other real estate related entities. Our expertise includes assurance services, tax return preparation, tax consulting, acquistion due diligence, operational agreed upon procedures, partnership cash flow modeling and transactional services.

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Discover the Difference www.marcumllp.com Daniel Vitulli, CPA, Partner Phone 212.485.5575 ASSURANCE I TAX I ADVISORY [email protected] International Member of Leading Edge Alliance Special Advertising Section Crain’s Corporate Profiles in Accounting

A CULTURALLY DIVERSE APPROACH WINS AREA CPA FIRM’S NEW BUSINESS

BY ALEC FOEGE

He could see the kid was bright. But when Mark Curcio Curcio hasn’t signed the client yet, but the experience rst hired the young sta accountant, he had a few has changed his whole mindset about growing his concerns. Curcio, a principal at the 15-employee Man- practice. “None of this could happened without having “MORE AND MORE hattan-based CPA rm Curcio, Wieselthier & Cohen, someone on sta who knew the language and culture,” noticed that Anthony Chen, a Chinese native educated he says. in the United States, was a hard worker but his English SMALLER AND MIDSIZE wasn’t perfect and he lacked some of the basic commu- While multiculturalism is nothing new in the New nications skills that characterize the profession’s best York marketplace, more and more smaller and midsize ACCOUNTING FIRMS rainmakers. accounting rms are similarly discovering the benets of hiring talent from specic immigrant communities ARE SIMILARLY So Curcio decided to do something about it. to help generate new business. “I consult with rms of every size, from sole practitioners to the Grant Œorn- “I encouraged him to pursue clients in the Chi- tons and McGladreys,” says Philip Whitman, partner at DISCOVERING THE nese-American community,” says Curcio. “I told him if accounting consultancy Erickson Whitman. “A lot of he brought in clients, he’d get compensated according- rms I’ve been working with have been focusing on the BENEFITS OF HIRING ly.” immigrant market.” TALENT FROM To his surprise, Chen came to him soon a‰er and told Some rms are more methodical in their approach. him he had connected with Chinese businessman look- Prager Metis, a 40-partner, 150-employee Manhattan SPECIFIC IMMIGRANT ing to establish a new venture in the New York area. rm, has established an Italian desk, a Turkish desk, a German desk and French desk, to help target in-bound Œe Chinese gentleman, who hardly spoke any English, business from those particular countries. “At our rm, COMMUNITIES TO explained to Curcio – with Chen interpreting – that we’re very cognizant of diversity,” says Prager Metis he wanted to emigrate from Shanghai because he was partner Glenn Friedman. “Do we market that? We do HELP GENERATE NEW concerned about the impact of the city’s heavy air pol- when appropriate.” lution on his children. He said he wanted to establish a BUSINESS.” mortgage banking rm here, and that if he moved here, “Any rm of any size that does not consider global is- other families he knew in China would come here too. sues is not optimizing its growth potential,” says Marta

(Continued on S10)

MCGLADREY

THE REAL RISK IN you’re dealing with numerous tax regimes and facing new challenges like transfer pricing? What about com- INTERNATIONAL EXPANSION IS pliance risks, for example US and local anti-corruption STAYING HOME laws? How do you consolidate nancial results when Growth in China and the rest of Asia is slowing. Europe you’re dealing with dierent accounting standards? Just is still struggling to emerge from the Great Recession. as operating in the US means dealing with federal, state Middle market business owners may think this isn’t the and local jurisdictions, operating overseas can mean time to consider overseas expansion. Demographics say dealing with a variety of regional, national and pro- they’re wrong. vincial rules and regulations. From market to market, everything – business customs, employment laws, Taken together, China and India account for more consumer preferences – changes. than a third of the world’s population. Œe pace of the massive infrastructure projects that spurred growth in Successful international companies integrate their China may have slowed, but demand for US consumer operations seamlessly. Getting that right takes seamless goods is likely to remain very strong, as does growth advice. McGladrey and our global network, RSM Inter- in nancial services and other service sectors. Li‰ing national, are devoted to integrated international service the standard of living in developing markets will be the – service focused on the middle market companies major driver of global growth for years. For US compa- that are the lifeblood of our business and of the global nies, it’s o‰en a choice between incremental growth at economy. home or exponential growth overseas. Œe risks are real. But not pursuing global opportuni- THE OPPORTUNITY IS CLEAR. ties may be the biggest risk of all. Peter Brady THE RISKS ARE OFTEN LESS SO. McGladrey is ready to help. Principal - Consulting Leader - Northeast Region What’s the best way to enter new markets? Working with a sales agent or an alliance with a foreign oper- ation? Buying an existing company? Starting a new one? Opening new facilities? Œe right answer varies CONTACT Peter M. Brady, Principal Consulting Leader - depending on your goals. Northeast Region How do you manage your global tax exposure when P: 212.372.1880 E: [email protected]

S9 Crain’s Corporate Profiles in Accounting Special Advertising Section

(Continued from S9) Alfonso, a principal at Morrison, Brown, Argiz & Farra, with o ces in New York and Miami. “A diverse work- force provides strength.”

In a previous generation, an immigrant small business owner might have looked for an accounting rm run by accountants of a similar ethnic background. But the dynamics have changed as certain immigrant-owned businesses in the New York area have ourished.

“Ethnicity-specic rms are smaller,” say Lou Grassi, managing partner and chief executive at Grassi & Co. “For companies that have larger growth, they’re looking for bench strength. If they have large plans, they want to know that their CPA rm can service them as they expand.” Grassi notes that his 250-employee rm speaks more than 27 languages.

Whatever the reason, New York area rms are discov- ering that the “unicultural” approach to nding new clients can be a di‹erentiator when competing against larger national rms.

“I don’t know where this is going,” says Curcio of his rm’s initial foray into the Chinese-American client base. “But it’s been a nice story so far.”

Crain’s Corporate Proles in Accounting was created by Crain’s Custom Connections Studio. For more information, or to be included in the next edition, please contact Trish Henry at [email protected] or (212) 210-0711.

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POWERED BY TRUST

To us, trust is more than a word; it’s our currency – an asset we value above all else. We deliver it every day “FOR MORE THAN FIVE through our actions, our information and a relentless INDUSTRY focus on doing what’s right – the rst time, every time. DECADES ROTHSTEIN KASS RECOGNIZED ’at’s what’s made us one of the world’s most trusted accounting and advisory rms for leading businesses HAS HELPED CLIENTS AND APPROVED owners, institutions and individuals in the U.S. and abroad. ACHIEVE THE HIGHEST ›2013 Forbes 100 Best Companies to Work For With more than 1,000 dedicated employees in 10 LEVELS OF PERFORMANCE, ›2012 Hedge Funds Review Top o–ces, we combine market-leading expertise with Accounting and Auditing Firm decades of real-world experience and collaboration. PROSPERITY AND SECURITY.” For more than ve decades, we’ve helped our clients ›2012 Working Mother 100 Best Companies achieve the highest levels of performance, prosperity world’s leading authorities on tax, accounting, nance, and security. regulatory and an array of business services. Our ›2012 Accounting MOVE Project Best published insights, thought leadership and signature Public Accounting Firm for Women A TRUSTED INDUSTRY LEADER conferences are commended for identifying trends and ›2012 Family O ce Review Best Private Built on a foundation of trust, our rm’s original shaping conversations in a changing world. And with Client Accountancy service model was designed for the alternative our comprehensive approach and customized solutions, investment space where high-pressure, high-stakes and we deliver innovative and practical strategies that help high-speed are the norm. Our experience is unmatched our clients gain the critical competitive edge to stay one when it comes to audit, tax and consulting services step ahead. for venture capital funds, private equity funds, hedge funds, funds of funds, broker-dealers and registered ’at’s why they trust us. ’at’s why they stay with us. investment advisors. Today, we’ve broadened our model to serve diverse industries and individuals who share one common goal: trusted performance. EXPERIENCE TRUST FIRST HAND We achieve this through our people, process and Howard Altman work product purposefully built for the new era of Ph: 917.438.3940 accounting and advisory. Our experts rank among the E: [email protected]

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Authority location of the LLC: 200 Rector upon whom process against it may Downtown Conference Center 30 Trinity St., Hartford, CT. Purpose: filed with NY Dept. of State on Place, Unit 7T New York, NY 10280. 157 William St., New York, NY 10038 any lawful act. be served. SSNY shall mail process 10/9/13. Office location: NY County. Purpose: any lawful purpose. to: The LLC, c/o Gilbride, Tusa, Last www.wearable-computing-conference.com LLC formed in CO on 1/21/05. NY & Spellane LLC, 708 Third Ave., 26th RSVP: www.wearablecompcon.eventbrite.com Notice of Qualification of Headstrong Sec. of State designated agent of LLC Notice of Formation of Swan Song Fl., NY, NY 10017. Purpose: any Official Media Partner Services, LLC. Authority filed with upon whom process against it may Associates, LLC. Arts. of Org. filed lawful activity. www.wearablecomputingreview.com Secy. of State of NY (SSNY) on be served and shall mail process to: with NY Dept. of State on 9/26/13. 6/4/13. Office location: NY County. c/o CT Corporation System, 111 8th Office location: NY County. Princ. bus. LLC formed in Delaware (DE) on Ave., NY, NY 10011, regd. agent addr.: 64 N. Moore St., Ste. 2W, NY, Notice of Formation of GATEWAY I 7/30/98. SSNY designated as agent upon whom process may be served. NY 10013. Sec. of State designated TP4 LLC. Arts. of Org. filed with PUBLIC & of LLC upon whom process against CO and principal business addr.: agent of LLC upon whom process Secy. of State of NY (SSNY) on it may be served. SSNY shall mail 1505 W. 3rd Ave., Denver, CO 80223. against it may be served and shall 10/11/13. Office location: NY County. LEGAL NOTICES process to: National Registered Cert. of Org. filed with CO Sec. of mail process to: c/o Salon Marrow Princ. office of LLC: 666 Fifth Ave., Agents, Inc., 111 Eighth Ave., NY, NY State, 1700 Broadway, Denver, CO NY, NY 10103. SSNY designated as Dyckman Newman & Broudy LLP, Notice of Formation of 169 Spring 10011. Address to be maintained in 80290. Purpose: all lawful purposes. 292 Madison Ave., 6th Fl., NY, NY agent of LLC upon whom process DE: 160 Greentree Dr., Ste. 101, against it may be served. SSNY shall Partners LLC, Art. of Org. filed Sec’y of 10017. Purpose: any lawful activity. State (SSNY) 4/29/13. Office location: Dover, DE 19904. Arts of Org. filed Notice of Qualification of J.P. mail process to c/o Phillips Nizer LLP with the DE Secretary of State, 401 at the princ. office of the LLC. NY County. SSNY designated as MORGAN GLOBAL PRIVATE EQUITY Notice of Qualification of IH3 PROP- agent of LLC upon whom process Federal St., Ste. 4, Dover, DE 19901. INSTITUTIONAL INVESTORS V LLC. ERTY ILLINOIS, L.P. Authority filed Purpose: Any lawful activity. Purpose: any lawful activities. against it may be served. SSNY shall Authority filed with Secy. of State of NY with Secy. of State of NY (SSNY) on mail copy of process to NRAI, 111 (SSNY) on 09/23/13. Office location: 08/28/13. Office location: NY County. Notice of Qualification of SAGABON Eighth Ave., NY, NY 10011. Purpose: Notice of Qualification of Hayden NY County. LLC formed in Delaware LP formed in Delaware (DE) on NEW YORK LLC. Authority filed with any lawful activities. Asset IX, LLC. App. for Auth. filed (DE) on 08/14/13. Princ. office of LLC: 08/08/13. Princ. office of LP: 345 Park Secy. of State of NY (SSNY) on with Secy. of State of NY (SSNY) on 270 Park Ave., NY, NY 10017. SSNY Ave., NY, NY 10154. SSNY designated 09/17/13. Office location: NY County. 9/3/13. Office location: NY County. designated as agent of LLC upon as agent of LP upon whom process LLC formed in Delaware (DE) on NOTICE OF FORMATION OF HUB LLC formed in Delaware (DE) on whom process against it may be against it may be served. SSNY shall 08/29/13. SSNY designated as agent ENGINEERING, PLLC. Arts of Org 3/20/13. SSNY designated as agent served. SSNY shall mail process to mail process to Corporation Service of LLC upon whom process against it filed with Secy of State of NY (SSNY) of LLC upon whom process against c/o Corporation Service Co. (CSC), Co. (CSC), 80 State St., Albany, NY may be served. SSNY shall mail process on 9/3/13. Office location: NY County. it may be served. SSNY shall mail 80 State St., Albany, NY 12207-2543. 12207-2543. Name and addr. of each to David B. Newman Esq., Day Pitney SSNY designated agent upon whom process to: Capitol Services, Inc., DE addr. of LLC: c/o CSC, 2711 general partner are available from LLP, 7 Times Sq., NY, NY 10036. DE process may be served and shall mail 1218 Central Ave., Ste. 100, Albany, Centerville Rd., Ste. 400, Wilmington, SSNY. DE addr. of LP: c/o CSC, 2711 addr. of LLC: Corporation Service copy of process against PLLC to: NY 12205. DE address of LLC: 1675 DE 19808. Arts. of Org. filed with Centerville Rd., Ste. 400, Wilmington, Co., 2711 Centerville Rd., Ste. 400, United States Corporation Agents, Inc., South State St., Ste. B, Dover, DE Secy. of State of DE, Secy. of State DE 19808. Arts. of Org. filed with Wilmington, DE 19808. Arts. of Org. 7014 13th Ave, Ste 202, Brooklyn, NY 19901. Arts. of Org. filed with DE Corporation Dept., Records Section, State of DE, Dept. of State, Div. of filed with Secy. of State of DE, Div. of 11228. Principal business address: Secy. of State, 401 Federal St., Ste. Townsend Bldg., Loockerman & Corps., John G. Townsend Bldg., Corps., John G. Townsend Bldg., 244 5th Ave, Ste A118, NY, NY 4, Dover, DE 19901. Purpose: any Federal Sts., Dover, DE 19901. 401 Federal St., Ste. 4, Dover, DE 401 Federal St. - Ste. 4, Dover, DE 10001. Purpose: practice professional lawful act or activity. Purpose: Any lawful activity. 19901. Purpose: Any lawful activity. 19901. Purpose: Any lawful activity. engineering and any lawful act.

October 28, 2013 | Crain’s New York Business | 33 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of Hayden Notice of Qualification of IH3 PROP- Notice of Qualification of BROOKFIELD NOTICE OF FORMATION OF Sadkin Notice of Qualification of Ampere Asset VII, LLC. App. for Auth. filed ERTY HOLDCO L.P. Authority filed PROPERTY GROUP LLC. Authority Restaurant Law Associates, PLLC. Solar Owner II, LLC. Authority filed with Secy. of State of NY (SSNY) on with Secy. of State of NY (SSNY) on filed with Secy. of State of NY (SSNY) Articles of Organization filed with the with NY Dept. of State on 9/16/13. 9/3/13. Office location: NY County. 08/28/13. Office location: NY County. on 10/07/13. Office location: NY Secretary of State of NY (SSNY) on Office location: NY County. LLC LLC formed in Delaware (DE) on LP formed in Delaware (DE) on County. LLC formed in Delaware (DE) 8/12/2013. Office location: NEW YORK formed in DE on 8/13/13. NY Sec. of 9/18/12. SSNY designated as agent 08/08/13. Princ. office of LP: 345 Park on 01/01/11. Princ. office of LLC: County. SSNY has been designated State designated agent of LLC upon of LLC upon whom process against Ave., NY, NY 10154. SSNY designated Brookfield Pl., 250 Vesey St., 15th Fl., as agent upon whom process whom process against it may be it may be served. SSNY shall mail as agent of LP upon whom process NY, NY 10281-1023. SSNY designated against it may be served. The Post served and shall mail process to: c/o process to: Capitol Services, Inc., against it may be served. SSNY shall as agent of LLC upon whom process Office address to which the SSNY CT Corporation System, 111 8th 1218 Central Ave., Ste. 100, Albany, mail process to Corporation Service against it may be served. SSNY shall shall mail a copy of any process Ave., NY, NY 10011, regd. agent NY 12205. DE address of LLC: 1675 Co. (CSC), 80 State St., Albany, NY mail process to c/o Corporation against the LLC served upon him/her upon whom process may be served. South State St., Ste. B, Dover, DE 12207-2543. Name and addr. of each Service Co. (CSC), 80 State St., is: 355 W. 51st, Ste. 56, New York, DE address of LLC: 1209 Orange St., 19901. Arts. of Org. filed with DE general partner are available from Albany, NY 12207-2543. DE addr. of NY 10019. The principal business Wilmington, DE 19801. Cert. of Secy. of State, 401 Federal St., Ste. SSNY. DE addr. of LP: c/o CSC, 2711 LLC: c/o CSC, 2711 Centerville Rd., address of the PLLC is: 355 W. 51st, Form. filed with DE Sec. of State, 4, Dover, DE 19901. Purpose: any Centerville Rd., Ste. 400, Wilmington, Wilmington, DE 19808. Arts. of Org. Ste. 56, New York, NY 10019. 401 Federal St., Dover, DE 19901. lawful act or activity. DE 19808. Arts. of Org. filed with filed with DE Secy. of State, 401 Purpose: any lawful act or activity. Purpose: all lawful purposes. State of DE, Dept. of State, Div. of Federal St., Dover, DE 19901. Corps., John G. Townsend Bldg., Purpose: Any lawful activity. Notice of Formation of Trudy Williams Notice of Formation of P2 DONUT Notice of Formation of SITE A- 401 Federal St., Ste. 4, Dover, DE HOLDINGS LLC. Arts. of Org. filed LLC. Arts. Of Org. filed with Secy. of 19901. Purpose: Any lawful activity. WASHINGTON HEIGHTS TP4 LLC. State of NY (SSNY) on 8/8/2013. NOTICE OF FORMATION OF LIMITED with Secy. of State of NY (SSNY) on Arts. of Org. filed with Secy. of State Office location: New York County. LIABILITY COMPANY. NAME: 818 03/22/10. Office location: NY County. of NY (SSNY) on 10/11/13. Office SSNY designated as agent of LLC NOT. OF FRMN of Hongdao LLC. BROADWAY LLC. Articles of Princ. office of LLC: 135 W. 18th St., location: NY County. Princ. office of upon whom process against it may be Art. of Org. f w/ Secy of STA of NY Organization were filed with the 2nd Fl., NY, NY 10011. SSNY LLC: 666 Fifth Ave., NY, NY 10103. served. SSNY shall mail process to: (SSNY) 08/23/13. OFC LCTN: NY Secretary of State of New York (SSNY) designated as agent of LLC upon SSNY designated as agent of LLC The LLC, 201 West 92nd Street, 1K, Cty. SSNY is DA upon whom PROC on 09/20/05. Office location: New York whom process against it may be upon whom process against it may be New York, NY 10025. Purpose/ AGA it may be served. SSNY shall County. SSNY has been designated served. SSNY shall mail process to served. SSNY shall mail process to c/o character of LLC: Any lawful purpose. mail a CY: C/O Hongdao LLC - 1500 as agent of the LLC upon whom the LLC at the addr. of its princ. Phillips Nizer LLP at the princ. office Broadway 22nd Fl, NY, NY 10036. process against it may be served. office. Purpose: Any lawful activity. of the LLC. Purpose: Any lawful activity. The Prin. bus. add.:1500 Broadway, SSNY shall mail a copy of process to Notice of Formation of EMG REALTY, 22nd Fl, NY, NY 10036. PUR: any the LLC, 13 Bennett Avenue, LLC. Arts. of Org. filed with Secy. of NOTICE OF QUALIFICATION OF lawful act or ACTY. Huntington Station, New York 11746. Notice of Formation of CSC 135 EAST State of NY (SSNY) on 05/07/04. ATCO SC-1, LLC. Authority filed Purpose: For any lawful purpose. 57TH STREET LLC. Arts. of Org. filed Office location: NY County. Princ. with Secy of State of NY (SSNY) on with Secy. of State of NY (SSNY) on office of LLC: 500 W. 56th St., #2203, Notice of formation of 2530 FOSTER 7/11/13. Office location: NY County. 09/25/13. Office location: NY County. NY, NY 10019. SSNY designated as PARTNERS LLC Arts. of Org. filed Notice of Formation of OMP JUNIOR LLC formed in DE on 5/30/13. SSNY Princ. office of LLC: c/o Cohen agent of LLC upon whom process with the Sect’y of State of NY (SSNY) NOTE, LLC. Arts. of Org. filed with designated as an agent upon whom Brothers Realty Corporation, 750 against it may be served. SSNY shall on 7/31/2013. Office location, County Secy. of State of NY (SSNY) on process may be served and shall mail Lexington Ave., 28th Fl., NY, NY 10022. mail process to Edward O’Brien at of New York. SSNY has been 09/23/13. Office location: NY copy of process against LLC to: The SSNY designated as agent of LLC the princ. office of the LLC. Purpose: designated as agent of the LLC upon County. Princ. office of LLC: 60 Corp Trust Co. 1209 Orange St. upon whom process against it may be Any lawful activity. whom process against it may be Columbus Circle, NY, NY 10023. Wilmington, DE 19801. Principal served. SSNY shall mail process to served. SSNY shall mail process to: SSNY designated as agent of LLC business address: c/o Atco Properties. Charles S. Cohen at the princ. office of The LLC, 171 West 80th St., #1, NY upon whom process against it may Cert of LLC filed with Secy of State of the LLC. Purpose: Any lawful activity. Notice of Formation of BRP 439 NY 10024. Purpose: any lawful act. be served. SSNY shall mail process DE located: Division of Corporations, MONTAUK, LLC. Arts. of Org. filed to Corporation Service Co., 80 State P.O. Box 898, Dover, DE 19903. with Secy. of State of NY (SSNY) on St., Albany, NY 12207-2543. Purpose: any lawful act. Name of LP: Strike Capital, L.P. Cert. 9/30/13. Office location: NY County. NOTICE OF FORMATION OF Nighthorse Productions, LLC. Arts of Purpose: Any lawful activity. filed with NY Dept. of State: 8/26/2013. SSNY designated as agent of LLC Office loc.: NY Co. Sec. of State upon whom process against it may Org filed with Secy of State of NY NOTICE OF FORMATION OF Kelly (SSNY) on 7/2/13. Office location: NY designated agent of LP upon whom be served. SSNY shall mail process NOTICE OF FORMATION OF Greene Events, LLC. Arts of Org filed County. SSNY designated agent upon process against it may be served to: c/o BRP Companies, 767 Third PelagicOne LLC. Arts of Org filed with Secy of State of NY (SSNY) on whom process may be served and and shall mail process to: c/o Avenue, 33rd Fl., NY, NY 10017. with Secy of State of NY (SSNY) on 7/9/13. Office location: NY County. shall mail copy of process against LLC Business Filings Inc., 187 Wolf Rd., Purpose: any lawful activity. 7/01/13. Office location: NY County. SSNY designated agent upon whom to: 7014 13th Ave, Ste 202, Brooklyn, Ste. 101, Albany, NY 12205. SSNY designated as agent upon process may be served and shall NY 11228. Principal business address: Name/addr. of genl. ptr. available whom process may be served and mail copy of process against LLC to NOTICE OF FORMATION OF LIMITED 1 Union Square S, Apt 19K, NY, NY, from Sec. of State. Term: until shall mail copy of process against principal business address: 1140 Ave LIABILITY COMPANY. NAME: WU 45 10003. Purpose: any lawful act. 12/31/2053. Purpose: any lawful act. E 25-37B LLC. Articles of Organization LLC c/o Wiggin and Dana LLP, 450 of the Americas, 9th Flr, NY NY were filed with the Secretary of State Lexington Ave., NY, NY 10017. 10036. Purpose: any lawful act. of New York (SSNY) on 08/29/13. NOTICE OF FORMATION OF Celtic Principal business address: TBD. Notice of formation of MACARON DE Purpose: any lawful act. Office location: New York County. SSNY Knot Advisors LLC. Arts of Org filed NOTICE OF FORMATION OF AMBRIZ PARIS, LLC filed with the Secy. of has been designated as agent of the with Secy of State of NY (SSNY) on AESTHETIC DESIGN LLC. Arts of Org State of NY (SSNY) on 9/24/13. Office loc.: New York County. SSNY is LLC upon whom process against it may 8/5/13. Office location: NY County. Top Hill Development LLC, Arts of Org filed with Secy of State of NY (SSNY) be served. SSNY shall mail a copy of SSNY designated as agent upon on 9/11/13. Office location: NY County. designated as agent of the LLC upon filed with SSNY on 08/27/13. Off Loc: whom process against it may be process to the LLC, c/o Katherine Wu, whom process may be served and New York County, SSNY designated SSNY designated agent upon whom Esq., 200 West 67th Street, Unit 22D, shall mail copy of process against process may be served and shall served. The address SSNY shall mail as agent of LLC upon whom process copy of process to: Harris Wolin, Esq., New York, New York 10023. LLC to principal business address: against it may be served. SSNY shall mail copy of process against LLC to Purpose: For any lawful purpose. 262 Central Park West, Ste 5D, NY, principal business address: 320 W. 100 Headquarters Plz., North Tower, mail a copy of process to: The LLC, 6th Fl., Morristown, NJ 07960. Mgmt. NY 10024. Purpose: any lawful act. 566 7th Ave, Ste. 901, New York, NY 38TH ST., APT. 2327, NY, NY 10018. Purpose: any lawful act. shall be by one or more members. Notice of Formation of Everett and 10018. Purpose: to engage in any Purpose: Any lawful activity. Everett, PLLC. Arts of Org filed with lawful act. the Secy of State of NY (SSNY) on Formation of LONG TERM CARE 7/3/13. Office location: NY County. CONVERSION FUNDING, LLC filed WEBSTER BUILDING E MANAGERS with the Secy. of State (SSNY) on Notice of Formation of Maele, LLC. LLC, a domestic LLC, filed with the Notice of Formation of U.S. Taco SSNY designated agent upon who Articles of Organization filed with the Holding Co., LLC. Arts. of Org. filed process may be served and shall 12/28/12. Office loc.: New York SSNY on 9/17/13. Office location: County. SSNY designated as agent of Secretary of State of NY (SSNY) on New York County. SSNY is designated with NY Dept. of State on 7/12/13. mail copy of process against LLC to 8/06/13. Office location: NY County. Office location: NY County. Sec. of principal business address: 452 Fifth LLC upon whom process against it as agent upon whom process may be served. The principal business SSNY has been designated as agent against the LLC may be served. State designated agent of LLC upon Ave, 12th Floor, NY, NY 10018. of LLC upon whom process against whom process against it may be Purpose: any lawful act. loc. and address SSNY shall mail SSNY shall mail process to: The process to is 712 5th Ave., 12th Fl., it may be served. SSNY shall mail a LLC, 40 Fulton St., 21st Fl., NY, NY served and shall mail process to: c/o New York, NY 10019. Purpose: Any copy of process to: 650 Sixth Avenue, 10036. General Purposes. CT Corporation System, 111 8th Notice of Qualification of Crestview lawful activity. 4H, NY, NY 10011. Purpose: any Ave., NY, NY 10011, regd. agent Offshore Holdings III (FF), L.P. lawful activities. upon whom process may be served. Authority filed with NY Dept. of State Notice of Qualification of ESRT Purpose: all lawful purposes. on 8/30/13. Office location: NY County. Notice of Qualification of Sunny View Cleaning TRS, L.L.C. Authority filed Princ. bus. addr.: 667 Madison Ave., LLC. Authority filed with NY Dept. of NOTICE OF QUALIFICATION of with Secy. of State of NY (SSNY) on 10th Fl., NY, NY 10065. LP formed in State on 1/9/13. NYS fictitious name: Westchase Residential Assets LLC. 09/12/13. Office location: NY County. Notice of Qualification of FLAKJACKET, Cayman Islands (CI) on 5/8/13. NY Sunny View (56th Street) LLC. Office Authority filed with Secy of State of LLC formed in Delaware (DE) on LLC. App. for Auth. filed with Secy. of Sec. of State designated agent of LP location: NY County. LLC formed in NY (SSNY) on 8/22/13. Office loca- 09/06/13. Princ. office of LLC: One State of NY (SSNY) 10/1/13. Office upon whom process against it may DE on 6/3/11. NY Sec. of State desig- tion: NY County. LLC formed in DE Grand Central Pl., 60 E. 42nd St., NY, location: NY County. LLC formed in be served and shall mail process to: nated agent of LLC upon whom on 7/1/13. SSNY designated agent NY 10165. SSNY designated as agent California (CA) on 9/19/13. SSNY c/o CT Corporation System, 111 8th process against it may be served and upon whom process may be served of LLC upon whom process against designated as agent of LLC upon Ave., NY, NY 10011. CI addr. of LP: shall mail process to: c/o Shannon and shall mail copy of process it may be served. SSNY shall mail whom process against it may be c/o Maples Corporate Services Ltd., Retzke, Esq., Withers Bergman LLP, against LLC to: 120 Gibraltar Rd, Ste process to c/o Corporation Service served. SSNY shall mail process to: PO Box 309, Ugland House, Grand 157 Church St., 19th Fl., New Haven, 300, Horsham, PA 19044. Principal Co. (CSC), 80 State St., Albany, NY c/o Jackoway Tyerman et al., 1925 Cayman, KY1-1104, CI. Name/addr. CT 06510, principal business business address: 7077 Bonneval 12207-2543. DE addr. of LLC: c/o Century Park East, 22nd Fl., Los of genl. ptr. available from NY Sec. of address. DE address of LLC: c/o The Rd, Ste 430, Jacksonville, FL 32216. CSC, 2711 Centerville Rd., Ste. 400, Angeles, CA 90067. CA address of State. Cert. of LP filed with Registrar Corporation Trust Co., 1209 Orange DE address: 2711 Centerville Rd, Ste Wilmington, DE 19808. Arts. of Org. LLC: 2633 Lincoln Blvd., Ste. 612, of Exempted LPs, Ground Fl., Citrus St., Wilmington, DE 19801. Cert. of 400, Wilmington, DE 19808. Cert. of filed with DE Secy. of State, Div. of Santa Monica, CA 90405. Arts. of Grove Bldg., Goring Ave., George Form. filed with DE Sec. of State, LLC filed with Secy of State of DE: Corps., John G. Townsend Bldg., Org. filed with CA Secy. of State, Town, Grand Cayman, CI. Purpose: 401 Federal St., Dover, DE 19901. 401 Federal St, Ste 4, Dover DE 401 Federal St., Ste. 4, Dover, DE 1500 11th St., Sacramento, CA all lawful purposes. Purpose: all lawful purposes. 19901. Purpose: any lawful act. 19901. Purpose: Any lawful activity. 95814. Purpose: any lawful activity.

34 | Crain’s New York Business | October 28, 2013 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of BFX West Notice of Qualification of Hayden Notice of Qualification of Brown & NOTICE OF QUALIFICATION of NOTICE OF QUALIFICATION of 65th Street, LLC. Authority filed with Asset V, LLC. App. for Auth. filed with Brown of Oregon, LLC. Authority Harlev Associates LLC. Application Gemini CP Operator, LLC. Authority NY Dept. of State on 9/26/13. Office Secy. of State of NY (SSNY) on 9/3/13. filed with NY Dept. of State on for Authority filed with the Secretary filed with Secy of State of NY (SSNY) location: NY County. Princ. bus. addr.: Office location: NY County. LLC 9/11/13. Office location: NY County. of State of New York on August 23, on 8/14/13. Office location: NY County. 5 Penn Plz., 4th Fl., NY, NY 10001. formed in Delaware (DE) on 9/18/12. LLC formed in OR on 6/16/64. NY 2013. Office location: New York LLC formed in DE on 5/9/13. SSNY LLC formed in DE on 9/18/13. NY Sec. SSNY designated as agent of LLC Sec. of State designated agent of County. LLC formed in Virginia on designated agent upon whom of State designated agent of LLC upon whom process against it may be LLC upon whom process against it June 8, 2013. New York Secretary of process may be served and shall upon whom process against it may be served. SSNY shall mail process to: may be served and shall mail State has been designated as an mail copy of process against LLC to: served and shall mail process to: c/o Capitol Services, Inc., 1218 Central process to: c/o CT Corporation agent upon whom process against it c/o CSC, 80 State St., Albany, NY CT Corporation System, 111 8th Ave., Ave., Ste. 100, Albany, NY 12205. DE System, 111 8th Ave., NY, NY 10011, may be served. The Post Office 12207. Principal business address: NY, NY 10011, regd. agent upon whom address of LLC: 1675 South State regd. agent upon whom process may address to which the Secretary of c/o CSC 2711 Centerville Rd, Ste process may be served. DE addr. of St., Ste. B, Dover, DE 19901. Arts. of be served. OR and principal business State shall mail a copy of any process 400, Wilmington, DE 19808. Cert. of LLC: c/o The Corporation Trust Co., Org. filed with DE Secy. of State, 401 addr.: 2701 NW Vaughn St., Ste. 340, against the LLC served upon him/her LLC filed with Secy of State of DE: 1209 Orange St., Wilmington, DE Federal St., Ste. 4, Dover, DE 19901. Portland, OR 97210. Cert. of Org. is: 40 East 78th Street, Unit 5E, New 401 Federal St. Ste 4, Dover, DE 19801. Cert. of Form. filed with DE Sec. Purpose: any lawful act or activity. filed with OR Sec. of State, 255 York, NY 10028. The principal business 19901. Purpose: any lawful act. of State, 401 Federal St., Dover, DE Capitol St. NE, Salem, OR 97310. address of the LLC is: 40 East 78th 19901. Purpose: all lawful purposes. Purpose: insurance agent/broker. Street, New York, NY. Certificate of NOTICE OF FORMATION OF NAVAJO NOTICE OF FORMATION of PRODUCTIONS LLC. Arts of Org LLC filed with the Secretary of State of Virginia located at: 1300 E. Main EXPERTZ LLC. Arts. of Org. filed Notice of Qualification: Pronology, filed with Secy of State of NY (SSNY) Nederlander Worldwide Theatre Street, Richmond, VA 23219. with Secy. of State of NY (SSNY) on LLC. Application of Authority filed on 6/7/13. Office location: NY County. Management, LLC. Arts. of Org. filed Purpose: any lawful act or activity. 09/20/13. Office location: NY County. with SSNY on 08/23/2013. Office SSNY designated agent upon whom with Secy. of State of NY (SSNY) on SSNY designated as agent of LLC location: New York County. LLC process may be served and shall 08/21/13. Off. loc.: NY Co. SSNY upon whom process against it may formed in California on 05/17/2013. mail copy of process against LLC to designated as agent of LLC upon Notice of Formation of 199th Debt be served. SSNY shall mail process Address to which SSNY mail a copy principal business address: 225 E. whom process may be served. SSNY LLC, Art. of Org. filed Sec’y of State to 53 Park Place, Unit 8J, NY, NY of any process against LLC: 17785 35th St. Ste 9, NY, NY 10016. shall mail process to c/o Robinson (SSNY) 7/12/13. Office location: NY 10007. Purpose: Any lawful act. Center Court Drive, Suite 600 Purpose: any lawful act. Brog, et al., 875 3rd Ave, 9th Fl., New County. SSNY designated as agent Cerritos, CA 90703. Principal business York, NY 10022. Purpose: General. of LLC upon whom process against ALYSSA KAPITO INTERIORS, LLC, a address of the LLC: 3626 Hightide Notice of Formation of CosmicByte it may be served. SSNY shall mail domestic LLC, filed with the SSNY on Dr. Rancho Palos Verdes, CA 90275. LLC. Arts of Org filed with Secy of COMGROUP US HOLDING LLC, a copy of process to Bluestone Group, 8/12/13. Office location: New York Certificate of LLC filed with Secy of State of NY (SSNY) on 9/6/13. Office domestic LLC, filed with the SSNY 225 Broadway, 32nd Fl., NY, NY County. SSNY is designated as agent State of CA located: 1500 11th location: NY County. SSNY designated on 8/16/13. Office location: New York 10007. Purpose: any lawful activities. upon whom process against the LLC Street, Sacramento, CA 95814. agent upon whom process may be County. SSNY is designated as agent may be served. SSNY shall mail served and shall mail copy of process upon whom process against the LLC process to: The LLC, c/o Tannenholtz Notice is hereby given that an on- against LLC to principal business may be served. SSNY shall mail VALSINNI LLC, a domestic LLC, Consulting, 250 W. 54th St., Ste. 703, premises license #TBA has been address: 64 East 86th St., 14B, NY, process to: Trief & Olk, 150 E. 58th St., filed with the SSNY on 8/12/13. NY, NY 10019. General Purposes. applied for by the undersigned to sell NY 10028. Purpose: any lawful act. 34th Fl., NY, NY 10155-0002. Office location: New York County. SSNY is designated as agent upon beer, wine and liquor at retail in a General Purposes. Notice of Formation of 141 Dyckman restaurant under the Alcoholic whom process against the LLC may NOTICE OF FORMATION OF JBTMMS, Retail LLC, Art. of Org. filed Sec’y of Beverage Control Law at 483 be served. SSNY shall mail process LLC. Arts of Org filed with Secy of Hill Top Development LLC, Arts of Org State (SSNY) 6/11/13. Office location: Amsterdam Avenue, New York, NY to: Robert A. Agresta, Esq., 141 E. State of NY (SSNY) on 8/13/13. filed with SSNY on 08/27/13. Off Loc: NY County. SSNY designated as 10024 for on-premises consumption. 88th St., Apt. 10A, NY, NY 10003. Office location: NY County. SSNY New York County, SSNY designated agent of LLC upon whom process NICKY MEATBALLS INC. d/b/a General Purpose. designated agent upon whom as agent of LLC upon whom process against it may be served. SSNY shall POLPETTE process may be served and shall against it may be served. SSNY shall mail copy of process to 150 E. 58th mail copy of process against LLC to: mail a copy of process to: The LLC, NOTICE OF FORMATION OF 888 St., 39th Fl., NY, NY 10155. Purpose: JUPITECH LLC, a domestic LLC, 1186 Beechwood Court, Pittsburgh, 566 7th Ave, Ste. 901, New York, NY GIFTS LLC. Arts of Org filed with Secy any lawful activities. filed with the SSNY on 7/2/13. Office PA 15206. Purpose: any lawful act. 10018. Purpose: to engage in any of State of NY (SSNY) on 8/29/13. location: New York County. SSNY is lawful act. Office location: NY County. SSNY 1158 Second Avenue, LLC. Arts. of designated as agent upon whom designated agent upon whom process Org. filed with Secy. of State of NY process against the LLC may be NISTAR CAPITAL PARTNERS LLC may be served and shall mail copy of (SSNY) on 08/23/13. Off. loc.: NY served. SSNY shall mail process to: Authority filed with Secy. of State of Notice of Qualification of DAVID process against LLC to principal Co. SSNY designated as agent of The LLC, 708 Third Ave., #1610, NY, NY (SSNY) on 7/26/13. Office location: YURMAN HOLDINGS LLC. Authority business address: C/O TORKIAN LLC upon whom process may be NY 10017. General Purposes. NY Co. LLC formed in Delaware (DE) filed with Secy. of State of NY (SSNY) GROUP 1650 BROADWAY, Ste 910, NY, on 7/12/13 SSNY designated as on 09/12/13. Office location: NY NY 10019. Purpose: any lawful act. served. SSNY shall mail process to agent of LLC upon whom process County. LLC formed in Delaware (DE) 334 E. 94th Street, New York, NY Notice of Formation of DANKRON against it may be served. SSNY shall on 02/17/12. SSNY designated as 10128. Purpose: General. CHRYSTIE LLC. Arts. of Org. filed mail process to The LLC, 247 W 36th agent of LLC upon whom process NOTICE OF FORMATION OF WEST with Secy. of State of NY (SSNY) on St, 5th FL, New York, NY 10018. DE PALM PRODUCTIONS LLC. Arts of against it may be served. SSNY shall IT TAKES 2…YOGA, LLC, a domestic 10/7/13. Office location: NY County. address of LLC: 1209 Orange St., Org filed with Secy of State of NY mail process to c/o Corporation LLC, filed with the SSNY on 9/6/13. SSNY designated as agent of LLC Wilmington, DE 19801. Arts. Of Org. (SSNY) on 9/19/13. Office location: Service Co., 80 State St., Albany, NY Office location: New York County. SSNY upon whom process against it may filed with DE Secy. of State, PO Box NY County. SSNY designated agent 12207-2543. DE addr. of LLC: 2711 is designated as agent upon whom be served. SSNY shall mail process 898, Dover, DE 19903. Purpose: any upon whom process may be served Centerville Rd., Ste. 400, Wilmington, DE process against the LLC may be served. to: c/o The LLC, 451 Broome St., lawful activity. and shall mail copy of process 19808. Arts. of Org. filed with Secy. SSNY shall mail process to: Michele Ste. 5E, NY, NY 10013. Purpose: any against LLC to principal business of State, 401 Federal St., Dover, DE Vindigni, 3 Stuyvesant Oval, 10c, NY, lawful activity. 19901. Purpose: Any lawful activity. address: 40 W. 67th St, #3B, NY, NY NOTICE OF QUALIFICATION of 10023. Purpose: any lawful act. NY 10009. General Purposes. Westchase Residential Assets II LLC. NOTICE OF FORMATION OF jjSHiN Authority filed with Secy of State of Notice of Qualification of RCM MEDIA LLC. Articles of Organization filed with NY (SSNY) on 8/22/13. Office loca- LLC. Authority filed with Secy. of State Notice of Qual. of 221 W29 Garage NOTICE OF QUALIFICATION OF ATCO the Secretary of State of NY (SSNY) tion: NY County. LLC formed in DE of NY (SSNY) on 09/19/13. Office Holding LLC, Auth. filed Sec’y of CITY CENTER SPONSOR EQUITY on 9/5/2013. Office location: NEW on 7/3/13. SSNY designated agent location: NY County. LLC formed in State (SSNY) 7/11/13. Office loc.: NY FUND, L.P. Authority filed with Secy YORK. SSNY has been designated upon whom process may be served Pennsylvania (PA) on 08/10/10. SSNY County. LLC org. in DE 7/10/13. of State of NY (SSNY) on 7/12/13. as agent upon whom process and shall mail copy of process designated as agent of LLC upon whom SSNY desig. as agent of LLC upon Office location: NY County. LP formed against it may be served. The Post against LLC to: 120 Gibraltar Rd, Ste process against it may be served. SSNY whom process against it may be in DE on 5/30/13. SSNY designated Office address to which the SSNY 300, Horsham, PA 19044. Principal shall mail process to c/o Richard C. served. SSNY shall mail copy of as an agent upon whom process may shall mail a copy of any process business address: 7077 Bonneval Morais, 309 E. 49th St., Apt. 5E, NY, proc. to NRAI, 111 Eighth Ave., NY, be served and shall mail copy of against the LLC served upon him/her Rd, Ste 430, Jacksonville, FL 32216. NY 10017. PA addr. of LLC: 2595 NY 10011, the Reg. Agt. upon whom process against LP to: The Corp. Trust is: 30 W 63rd St., Apt 8K, New York, DE address: 2711 Centerville Rd, Ste Interstate Dr., St.103, Harrisburg, PA proc. may be served.. DE off. addr.: Co. 1209 Orange St., Wilmington, DE NY 10023. The principal business 400, Wilmington, DE 19808. Cert. of 17110. Arts. of Org. filed with Secy. 160 Greentree Dr., Ste. 101, Dover, 19801. Cert of LP filed with Secy of address of the LLC is: 30 W 63rd St., LLC filed with Secy of State of DE: of the Commonwealth, 333 Market DE 19904. Cert. of Form. on file: State of DE located: Division of Apt 8K, New York, NY 10023. 401 Federal St, Ste 4, Dover, DE St., 16th Fl., Harrisburg, PA 17121. SSDE, Townsend Bldg., Dover, DE Corporations, P.O. Box 898, Dover, DE Purpose: any lawful act or activity. 19901. Purpose: any lawful act. Purpose: Any lawful activity. 19901. Purp.: any lawful activities. 19903. Purpose: any lawful act. Notice of Qualification of Delos Investment Fund, LP. Authority filed with NY Dept. of State on 9/25/13. Office location: NY County. LP formed WANT TO GET YOUR COMPANY IN FRONT OF in DE on 8/27/13. NY Sec. of State designated agent of LP upon whom NEW YORK CITY’S INFLUENTIAL process against it may be served and shall mail process to: c/o Akin Gump Strauss Hauer & Feld LLP, One Bryant BUSINESS PROFESSIONALS? Park, NY, NY 10036. DE address of LP: c/o The Corporation Trust Co., 1209 Orange St., Wilmington, DE Contact Joanne Barbieri at 212-210-0189 19801. Name/address of genl. ptr. available from NY Sec. of State. Cert. for classified advertising opportunities. of LP filed with DE Sec. of State, Townsend Bldg., Dover, DE 19901. Purpose: all lawful purposes.

October 28, 2013 | Crain’s New York Business | 35 five years, while Brooklyn Law School’s enrollment has shrunk 25%, Advanced degrees on the fast track to 369, in the same period, as jobs in the profession have become scarce. Continued from Page 4 demic licensing organizations may cation, faculty and academic affairs students who don’t already have ad- The drop in students is taking its vanced degrees.Both New York Law need to give their respective stamps at NYU’s medical school. vanced degrees. toll. Brooklyn Law School reported School and Brooklyn Law School, of approval. Columbia University’s College an operating deficit of $996,000 for which are struggling with sharply Even so, educators say schools Finding your inner doctor of Physicians and Surgeons also the fiscal year ended June 30, 2012, falling enrollment, will soon start must address rising costs and work- NYU decided to eliminate one launched a three-year medical de- prompting Standard & Poor’s to two-year programs. Meanwhile, place changes. A student’s mean year of medical school for some stu- gree program this year,but its initia- lower its outlook on the school’s Fordham University has been adding medical-school debt has risen 9% in dents who had already determined tive is open only to Ph.D.-trained debt issued by the New York State one-year business master’s programs the past five years, hitting $170,000, their specialty, in part because the biological scientists.“The doctor Dormitory Authority to “negative” as an alternative to its two-year mas- according to the Association of fourth year is largely made up of tak- you become depends on your last from “stable.” The school’s borrow- ter’s of business administration. American Medical Colleges.Mean- ing electives and interviewing for three or four years of training, not ing costs will jump if the debt’s rat- Altering degree programs can be while, the methodology for training residency programs. the first three or four years,”said Dr. ing is lowered. complicated. Professors must create doctors hasn’t changed for more Graduating students will be Abramson. Both schools have announced new curricula or adjust their sched- than 100 years, despite exponential granted residencies at hospitals af- Law schools are even more plans to offer a two-year program ules to a new timetable. University advances in science and technology, filiated with the university. The ac- pressed to provide new options. En- option along with the typical three- officials must be sold on the idea, said Dr. Steven Abramson, senior celerated program is believed to be rollment at New York Law,for exam- year course. The concept is gaining and then New York state and aca- vice president and vice dean for edu- one of only three in the country for ple,has slid 36%,to 1,180,in the past traction: Earlier this year, President Barack Obama, a Harvard Law School graduate and former law professor, suggested that condens- ing law school might be wise. New In the past More than a loan. five years, a student’s mean An investment in medical-school debt has risen your business. 9%, to $170,000

York Law’s initiative is an honors program slated to start in January 2015. Though students will be ex- pected to complete the same num- ber of credits as in a three-year pro- gram, they will receive a $50,000 scholarship, cutting the cost of the degree by a third. “The cost of a law degree is prohibitive to many stu- dents,” said New York Law School Dean Anthony Crowell. Brooklyn Law School’s two-year program is slated to start in May,al- though an education will still cost Raise the $152,575. The benefit, said Dean green flag. Nick Allard,is that the students will At M&T Bank, we know that business is the lifeblood of a strong get into the workforce earlier.“Time is money,” he said. community. That’s why we have an unwavering commitment Mastering the master’s Fordham University’s Graduate to supporting small business. While we’re a leading small business Business School found that the num- ber of students willing to spend the lender nationally,1 we still make our lending decisions locally. time and money to obtain one of its M.B.A.s plunged after the recession. And right now, we can help you take advantage of historically low Dean David Gautschi acknowl- edged that a Fordham M.B.A. interest rates. Find out how M&T’s expertise and award-winning doesn’t carry the same weight as a similar degree from some other service2 can help your business today. schools, making students more reti- cent to shell out the $76,000 to $87,000 to obtain it. Yet he had a staff full of professors with ideas for classes. So three years ago, the busi- ness school started offering one- year master’s degrees in three spe- cialties, including investor relations and taxation. Call 1-800-724-6070 or visit raisethegreenflag.com. Now the school offers 14 de- grees, and two more are planned. The one-year programs cost be- 1According to statistics released by the Small Business Administration (SBA) for total approved loans through the SBA’s 7(a) lending program during the fiscal year ending 9/30/12. tween $38,000 and $57,000. 2 Based on Greenwich Associates 2012 Small Business Banking Excellence Awards. Enrollment in Fordham’s mas- All loans and all terms referenced herein are subject to receipt of a complete M&T application, credit approval and other conditions. Other terms, conditions, fees and restrictions may apply. All advertised offers and terms and conditions of accounts and services are subject to change at any time, without notice. After an account is opened or service begins, it is subject to its features, conditions and terms, which are subject to change at any time in accordance with applicable laws and ter’s programs is up more than ten- agreements. Please contact an M&T representative for full details. fold, to 511 students, in the past five ©2013 M&T Bank. Member FDIC. years. “We are filling a real need,” Mr. Gautschi said. Ⅲ

36 | Crain’s New York Business | October 28, 2013 IN THE BOROUGHS MANHATTAN Hospital building irks Yorkville Continued from Page 4 against the city’s plan to construct a waste-transfer station at East 91st Street and the FDR Drive. But far- ther south in Yorkville, residents in- sist they’re serious. “This neighborhood can be sanitation-friendly,” said Terry Grace, a lawyer who has lived in the area since the late 1980s.

No ordinary NIMBY ENOUGH ALREADY: Some Predictably, a somewhat coun- Yorkville residents say they’d terintuitive battle against a state-of- rather have a waste-transfer station in the area than the-art medical facility and all the another medical building. richly remunerated professionals it buck ennis would bring to the area has drawn none of the high-wattage star pow- more than a half-dozen hospitals ply requires the institution to update er, much less the media attention, and medical centers in Queens and its facilities to meet rising demand. that the battle of the garbage trucks Brooklyn have shuttered in recent “Those in opposition are not has. Yet community activists stress years,resulting in a loss of more than representative of the community at that theirs is far from another case of 1,300 beds and thousands of well- large,” the spokeswoman said. the not-in-my-backyard variety, by paying jobs there. On a sunny recent afternoon,Mr. which people have sought to block “The understanding with the Jackman, Ms. Grace and Jill Eisner, everything from homeless shelters community for many years was that a sales consultant and fellow critic of to traffic cameras. the hospital corridor stops at 72nd the project, gathered in the crum- To prove their point, they note Street,” said Robert Jackman, an bling parking lot that will soon be- that their otherwise lovely neigh- executive-search specialist and come the site of the new outpatient borhood already Yorkville resident for more than 30 center to talk to a reporter. In their bears the image- years. outrage over MSK’s plans, they of- crushing 22 ten spoke over one another in their moniker of Bed- NUMBER of Upcoming vote haste to get the whole story out. health facilities pan Alley, cour- in Yorkville Be that as it may,the latest project Ms. Eisner, for one, was aghast tesy of the near- has already gone through the city’s that no one seems to have noticed ly two dozen land-use process, and will shortly that a year ago, during Superstorm hospital and 64% face a vote by the borough board, Sandy, the entire site was flooded. medical facili- PORTION of consisting of City Council members She shuddered to think what would ties that line those owned by and community board chairs, over happen if the new cancer facility met York and First Memorial Sloan- whether to allow the city’s Econom- Kettering a similar fate.“This floods,”she said, avenues, from ic Development Corp. to sell the gesturing at the site. “Chemothera- East 60th Street needed land rights for a tidy $185 py is radiation.” to East 72nd 1.15M million to Memorial Sloan- The spokeswoman for Memorial Street. Among SQ. FOOTAGE of Kettering and the City University of Sloan-Kettering said flood protec- those are New proposed New York. Manhattan Borough tions would be included. York-Presbyter- MSK/CUNY President Scott Stringer supports the Not surprisingly, all agreed that ian/Weill Cor- building project, as does the local community lawsuits must be filed. Indeed, a nell Medical Center and Rocke- board, and the City Council recently lawyer is already on retainer. And feller University Hospital, not to allocated funds to conduct a study of some of the opponents are battle- mention the—count ’em—14 the traffic impact. hardened. Ms. Eisner, for example, buildings that make up Memorial Meanwhile, a spokeswoman for reported that she had just left a Sloan-Kettering’s constantly Memorial Sloan-Kettering said the meeting of Pledge 2 Protect,a group swelling cancer-treatment complex. proposal has been thoroughly vetted that has devoted years to holding up Adding injury to insult, the pro- by the community. She added that work on the East 91st Street waste- posed facility on the FDR Drive an aging population in the metro transfer station that was first ap- would be the tallest one yet. area, combined with the develop- proved in 2006. Work there is al- Ironically, the growth comes as ment of new cancer treatments,sim- ready underway. Ⅲ

stalled solar panels are helping to board member Ed Braunstein, FROM power the ongoing construction. whose parents lived across from the AROUND Just how far short of self- school, the principal, Michael Athy, powering the property will be re- unplugged the sign just three THE CITY mains to be seen. “There’s no good months later, but he left it in place. empirical data for residential energy “It was gratifying that he turned it BROOKLYN usage,” Mr. Scarano said. “The big off,” said Mr. Braunstein. “But there problem of doing these buildings is: were people who were concerned Notorious architect Do I really know how many times that he was going to turn it back on.” tries green route tenants will take a shower or leave Because such flashing signs are their TV on all night?” illegal in residential areas—espe- Architect Robert Scarano, once in- cially across from a park—it was fi- famous for projects that exceeded QUEENS nally removed this past summer. the scale permitted by city building Frank Skala, who heads Bayside codes, now aims to test the limits of School signs off High School’s alumni association, sustainability. led the fight against the sign, which Three years after the city effec- on self-promotion had been paid for partly by student tively banned him from doing busi- Bayside residents have won a heat- funds.“The alumni association con- ness here, he is back, putting up in ed five-year fight against an all-too- tributed $2,000 to the sign until we Brighton Beach what he bills as one bright, not to mention flashing, found out what it was going to be,” of the city’s greenest buildings. The LED sign at Bayside High School. said Mr. Skala. six-unit building, dubbed Bright n’ The school provoked locals’ ire Its shift to oppose the sign did Green, will make use of solar, wind when it installed the 4- by 6-foot carry a cost for him, however. “The and geothermal energy for a (near- sign and switched it on five years principal hasn’t spoken to me in four ly) net-zero energy impact. ago. Bowing to complaints from years,” he said. In the meantime, the already in- Community Board 11 and then- —irina ivanova

October 28, 2013 | Crain’s New York Business | 37 SANDY: 1 YEAR LATER

Business” grant program for ground- Sandy hit.” level retailers located in flood zone A. The neighborhood Food biz finds way Stone Street Tavern was among the was decimated by flood- businesses that received aid. ing that washed away Continued from Page 3 ended June 30. Second-quarter re- During the storm, water came up the boardwalk as well as even allowed Fairway to make need- sults will be released Nov. 7. through the drains and flooded the hundreds of nearby ed upgrades, including better café Mr. Sanford remains worried tavern’s basement, destroying every- stores and homes. The seating and reformatted aisle flow. about another storm. He said the thing in its wake.Power came back af- bagel shop was inundat- “We got a lot of ideas from cus- company is working hard on a flood- ter two weeks,and the tavern was able ed with more than four READY TO MAKE SOME tomers that we put into place,” Mr. prevention plan that includes build- to clean up, restock, buy new equip- and a half feet of water. DOUGH: Tim Keenan (left) Sanford said. ing retractable structures that can ment and reopen, but that didn’t Equipment was de- and Scott Edwards of Surfside Bagels were The past year has been a busy one help withstand storm surges. mean that everything was back to stroyed or stolen by loot- rescued by a white knight. for the grocer, which went public in The most important lesson Mr. normal. Many of lower Manhattan’s ers. Messrs. Keenan and

April. It opened three new stores: Sanford learned is the need for good buildings remained empty. Edwards had insurance buck ennis two in Manhattan and a Rockland insurance. “Business-interruption and savings, but they County location in Nanuet. It has insurance is so important to a com- Unhappy holidays were skeptical that they would be in the neighborhood for a while, and more in the pipeline, including one pany like ours,” he said. “It’s expen- Coming off a strong October able to recover. patrons began to return. A new cus- at Hudson Yards in Manhattan. sive, but it proved to be worth it.” 2012, Stone Street’s business virtu- Then a miracle of sorts happened. tomer base also emerged: construc- Although Fairway doesn’t break Companies that didn’t have the ally stopped just as the all-important Surfside received an email from a tion workers and contractors helping out sales by store, Mr. Sanford said, resources of a Fairway frequently holiday season was about to begin. company that wanted to help a busi- to rebuild the area. Red Hook’s sales were up from turned to the New York Restaurant Sales were down 70% in the first four ness hurt by Sandy. The partners Mr. Edwards said that although where they were before Sandy hit. Association and agencies like the weeks, and Stone Street was forced assumed it was a scam, but with many businesses have reopened and In Fairway’s first earnings release Downtown Alliance,which manages to lay off several of its 35 staffers. nothing to lose, they responded. residents have moved back, there are this past August, it reported that its the business improvement district “It was brutal. We’re still trying They soon connected with still many vacancies throughout the fiscal first-quarter net sales rose there, for help. The Downtown Al- to get back on our feet,” said Croine FrontStreet Facility Solutions, a Rockaways. Portions of the board- 21%, to $187 million, in the period liance created a $1.6 million “Back to O’Halloran, who has owned Stone building maintenance and repair walk have been rebuilt, but only Street for the past seven years. company based in Bohemia, L.I. around city-run concession stands. Andrew Mosel, a spokesman for Then-CEO Joseph Scaretta had FrontStreet’s relationship with HUNTS POINT STILL VULNERABLE the restaurant association, said sto- been so moved by the devastating Surfside continues one year later ries like Ms. O’Halloran’s are all too images he saw throughout the re- through mentorship,marketing and THE BRONX’S HUNTS POINT PENINSULA, which houses large markets selling common, even for those who had gion that he wanted to lend a hand. networking. FrontStreet even produce, fish and meat, was remarkably spared by Sandy despite being disaster plans. “Sandy was such a FrontStreet donated time,effort, helped find a new revenue stream bounded by the Bronx and East rivers. It seems the city is counting on such huge event, and its effects were so workers and supplies to Surfside for the shop, turning excess dough luck in the future. far-reaching, that it was nearly im- Bagels, including the installation of into bagel chips and expanding No contingency plans have been implemented since the storm to possible for many businesses in New drywall and electrical work, and se- product offerings. protect the 329 acres of city-owned land where those markets do business, York to prepare for it,” he said. cured a charitable donation of tables Mr. Edwards said that sales are providing a significant amount of food to public institutions, restaurants and Mr. Mosel added that the nature and a freezer from Meals-on- still down a bit from where they supermarkets, confirmed executives from the Hunts Point Produce Terminal of the disaster has changed the way Wheels of Greenwich, Conn. The were—about $100,000 a month be- Market, the New Fulton Fish Market Cooperative and the Hunts Point people view insurance. “Basically, I partners took out loans for about fore the hurricane—but the summer Cooperative Market, which sells meat. tell people now,if you are within one $20,000 and received about $10,000 wasn’t nearly as bad as he had ex- “Anything we would do would [cost] millions of dollars,” said Bruce mile of the water, even if you can’t from insurance for other equipment pected. He said he’s seeing an influx Reingold, general manager of the meat market. He added that the market is see the water from your window,you as well as a new HVAC system. of new buyers and developers, giv- reviewing options for a backup generator to keep its buildings refrigerated have to get flood insurance,”he said. Not counting the in-kind dona- ing him hope for the future of the during a power failure but has not yet been able to secure financing. Surfside Bagels in Rockaway tions from FrontStreet, the total Rockaways and his business. The fish market is particularly worried about flooding—and requested that Beach, Queens, with just seven em- cost of the recovery was $125,000. “Rockaway has come a long way the city address its concerns—after its parking lots filled with three feet of ployees, faced even higher hurdles. Surfside Bagels reopened on Feb. since the storm,” Mr. Edwards said. Scott Edwards and Tim Keenan, 11 with a ribbon-cutting and much water that came up through its storm drains. “If the surge continued, it “Recently there have been a few new two New York City firefighters, fanfare.But when the crowd left,Mr. first-time businesses that have would have come into my buildings,” said George Maroulis, general opened the shop in 2008, just as the Edwards said, it felt worse than opened here. There’s almost a sense manager for the fish market. “The potential is there if we had a hurricane.” financial crisis hit. “It was really hard when it first opened in 2008. “It was of renewal in the area.” Ⅲ The city’s Economic Development Corp., the markets’ landlord, did not at first,but I figured if we were able to a ghost town here. I was worried.” return calls for comment. —LISA FICKENSCHER LISTEN to a discussion at make it through that, we were good,” Slowly, word of mouth spread CrainsNewYork.com/podcasts explained Mr. Edwards. “Then that Surfside was open,the only store

pany did not have flood insurance planation has been attached to de- the basis that his shuttered brewpub Insult to injury and a flood occurred at their utility nial letters to policyholders. The at the South Street Seaport is in a provider, causing power outages. utility declined to comment, as did flood zone. Mr. Bloostein has not Lawsuits by three luxury hotels in the insurers in this story. yet sued, but he likely will. His loss- Continued from Page 1 time when you hope that the less Manhattan—the Trump SoHo, the Another type of case that is play- es totaled $1.3 million. “We are seeing insurers suing complicated claims would be re- Gansevoort Park Avenue and the ing out involves businesses that did their clients because they want to es- solved,” said Finley Harckham, an Gansevoort Hotel in the meatpack- have flood insurance—and flood ‘Drag it out’ tablish that there is no obligation to attorney with Anderson Kill & Olick ing district—against their insurers losses—but were told by their carri- “I bought additional flood insur- pay,” said Mr. Gillon, of Pillsbury who is representing a number of large and against Consolidated Edison ers that their policies were essential- ance,” Mr. Bloostein said. “I as- Winthrop Shaw Pittman. companies that are suing their insur- could have far-reaching implications ly worthless because they excluded sumed that if the insurance compa- The battle lines have been drawn ers over Sandy-related claims. for many other businesses in Man- damage occurring in designated ny thought my address wasn’t as the first anniversary of Sandy ar- It is the cases that involve mil- hattan. flood zones. Policyholders clearly covered, they would say, ‘We can’t rives this week. The benchmark is a lions in losses that are marching on. disagree. cover you here.’ ” reminder of the uncertainty and fi- Months of back-and-forth be- Con Ed’s explanation Quik Park, for example, which For those who can’t afford to sue, nancial loss so many businesses sus- tween high-powered lawyers and The hotels’ business-interrup- operates 120 parking facilities in the the state established a mediation tained and the likelihood that the insurance-claims adjusters have led tion claims were rejected because New York metro area, sued its insur- program, the costs of which are fight to recover those losses will to impasses—and ultimately their insurers said their policies did er, Lexington Insurance Co., for borne by the insurer. But very few continue for years to come. Many litigation. not cover them for service interrup- breach of contract in May.According businesses—just 250, according to small business owners have already The 4 New York Plaza dispute is tions caused by off-premise flood- to the complaint,half its garages were the New York Department of Fi- given up because they lack the funds over a clause in a so-called excess ing at Con Ed’s substation on East flooded or closed because of Sandy, nancial Services—have availed to challenge their insurers. Those flood-insurance policy. The invest- 14th Street. The hotels’ lawyer, causing $2 million in damage. Some themselves of the service.The aver- with more means and millions of ment group had purchased addi- James McGuire, managing partner facilities in lower Manhattan were age claim for a business participat- dollars at stake have dug in for the tional coverage for a total of $100 of law firm Mishcon de Reya, is closed for more than half a year. ing in the program is $135,000. long haul. million, but the insurers allege that building a case on the assertion that Lexington denied the claim, saying Ken Sofer, co-owner of eight Scores of lawsuits have been filed, they are not liable because the in- an explosion at Con Ed caused the the parking garages were in designat- fast-food eateries, including Block- say legal experts, who estimate that vestment group had to first meet its power outage, not flooding. ed flood-hazard areas, exempting heads, tried mediation this summer the court dockets will be much fuller deductible. The Con Ed flood excuse has them from coverage. Quik Park, a to recoup his $100,000 loss. But he in 2014 because a growing number of Each case is different, but many been widely cited by insurers as a rea- 30-year-old business, declined to walked away empty-handed. “We businesses are filing extensions with disputes center on whether busi- son for denying Sandy-related comment on its case. have two years to file a lawsuit,” he their insurance providers to preserve nesses located in flood zones are claims. At the request of the insur- Jon Bloostein, founder of Heart- said.“That’s a lot of money for us.” Ⅲ their right to sue beyond the typical covered by their flood insurance, or ance industry, Con Ed even provid- land Brewery,is facing a similar bat- one-year limit in their policies. whether a business-interruption ed an official report on the causes of tle with his insurance company, LISTEN to a discussion at CrainsNewYork.com/podcasts “The first-year anniversary is a claim can be denied because a com- the power outage. The utility’s ex- Nova, which is denying his claim on

38 | Crain’s New York Business | October 28, 2013 ance. A changing homeowners’ in- held by residential and commercial along New York’s coastline. surance market could also raise costs. customers in coastal sections of New In June, Sen. Chuck Schumer Changing coastline Policies have faced cancellations York City and Long Island, but called on FEMA to make any insur- and nonrenewals since Hurricane claimed that those revisions began er canceling policies on Long Island Continued from Page 1 rates, which could be high because Katrina in 2005, but the pace has in 2011, not in response to Sandy. automatically exempt from the Na- ing from flood-prone areas. Home- these neighborhoods in Staten Is- quickened since Sandy. State law tional Flood Insurance Program. owners’ insurance is necessary for land, southern Brooklyn and says insurance companies do not In transition The question is not whether the anyone with a mortgage, and fewer Queens were never designed with need permission from the New York “These actions are necessary to cost of living on the coast will go up players in the market could dimin- flooding in mind. Department of Financial Services assist our efforts in maintaining fi- but how to raise the price without ish competition and further drive up “We’re going to have 68,000 to cancel policies unless they reduce nancial stability and taking a bal- devastating whole communities. the cost of coastal living. These structures in the program that in their total policies in force by 4% or anced approach to managing the “We should stop subsidizing de- costs,coupled with the burden of re- most cases [were built before 1983], more in a 12-month period—and risk we carry in coastal regions of our velopment in flood-prone areas,” building higher, and moving heat in addition to the actual flood eleva- companies have been careful not to state,”said a spokeswoman for State the Urban Land Institute’s Mr. and electric systems, could lead to tions going up on anyone who has an cross that threshold. Farm.“Policies are not being nonre- McIlwain said. “But how do you dramatic changes in land use. existing policy,”he said,which could State Farm has been criticized for newed as a direct result of Sandy. make the transition … knowing that “Ultimately it may take several force many in coastal communities its withdrawal in hard-hit commu- State Farm remains one of the it is going to financially hurt some generations, but you can anticipate to sell or not rebuild. By the 2050s, nities like Howard Beach, Queens. largest writers of homeowners’ in- people?” Ⅲ that the land uses along the New the city expects 114,000 buildings to In a statement to Crain’s, the in- surance in New York.” York City coastline are going to fall into this category. surance giant said that it has revised Allstate and Liberty Mutual LISTEN to a discussion at evolve and change,” said John And that’s just for flood insur- its requirements on policies being have also reduced their coverage CrainsNewYork.com/podcasts McIlwain, housing chairman for the Urban Land Institute,which re- cently published a report on how best to prevent future storm dam- age. “Waterfront properties will ei- ther be just for higher-income indi- viduals, or there will be far less development and far more parkland and open areas.” The increased cost of flood in- surance is the result of the passage of the Biggert-Waters Flood Insur- ance Reform Act, a little-known federal law passed in 2012 designed 1-877-870-6118 to make the National Flood Insur- conEd.com/GreenTeam ance Program solvent by ending subsidies. After Sandy,however, the number of buildings in the flood zone doubled, to about 68,000, when the Federal Emergency Man- agement Agency made the first ma- jor overhaul of its flood maps since 1983. Anyone who has a mortgage in a flood zone is required to get flood insurance, even though the city says 35% of zone homeowners didn’t have it when Sandy hit. Under the flood insurance law, homeowners will see rates increas- ing as high as 25% or as low as 6% per year, although in some cases the increase will take place imme- diately. Nonvacation homes that were insured before last July may see little movement, the city said. ‘Just not fair’ FEMA has already agreed to partially reduce premiums to home- owners who take steps to raise boil- ers and electrical systems, but the Bloomberg administration has asked Congress and FEMA to delay the law so its impact on communi- ties can be better understood. Staten Island resident Staci Memmesheimer was paying $462 on a policy for her home, a stone’s throw from the beach, and is brac- ing for annual costs that have al- ready shot up to as much as $9,500 for some of her neighbors, who she said have followed all the rules for LOSE KILOWATTS living in the coastal area. “That’s absurd,” Ms. Memme- sheimer said. “It’s punishing hard- working people who did the right thing, and it’s just not fair.” Some of Ms. Memmesheimer’s neighbors have stopped paying their mortgages and instead are paying their insurance premiums, she said. Farther inland,homeowners who suddenly find themselves in the ex- panded flood zone, the boundaries of which will be finalized in 2015,are in for a bigger shock. According to Daniel Zarrilli, director of resiliency FAST for the city, premiums for these BUSINESS OWNERS, GET ENERGY FIT TODAY. buildings will be written at full-risk

October 28, 2013 | Crain’s New York Business | 39 CORRECTIONS Ford Foundation President Darren Walker said, “There is a public commons we all need to invest in, and De Blasio omitted rental income through that investment we are a more inclusive and decent society.” The quote was incorrect in the Oct. 21 “Back to his roots in a new post.” Continued from Page 4 Earlier this year, Crain’s reported clude detailed information on his Terry Lundgren is the co-chairman of the Partnership for New York City. His position with the partnership sio moved his mother to the house, that Brooklyn Councilwoman Leti- rental income and expenses. A was misstated in Greg David’s Oct. 14 column, “Biz leaders brace for de Blasio era.” according to The New York Times. tia James, who is in line to succeed spokesman said that information John Jay College of Criminal Justice is a member of the City College of New York’s Macaulay Honors She died in 2007, and the home is Mr.de Blasio as public advocate and had been provided to the Internal College. Macaulay was misspelled in the Oct. 14 Education Report. now owned by Mr. de Blasio and has endorsed him for mayor, simi- Revenue Service. Jeremy Travis, president of John Jay College of Criminal Justice, was formerly a project director at the Ms. McCray, records show. larly failed for years to disclose her Public records do show,however, Vera Institute of Justice. His title was misstated in the Oct. 14 Education Report. Mr. de Blasio’s 2011 tax return, rental income from a Brooklyn that the value of Mr. de Blasio’s The New York Institute of Technology does not have a campus in Singapore. This information was which he previously made available property. She subsequently filed rental property has soared since he misstated in the Oct. 14 Education Report. to reporters, offers detailed infor- amended forms with the conflicts and his mother purchased it in 2004 Robert Naylor, president of Pret-A-Manger U.S., is 53. His age was misstated in the Oct. 7 Corporate mation about the rental property board to reflect that she had taken in for $612,000. Its market value now Ladder. and payments, but a partial 2012 re- more than exceeds $1.1 million, according to JetBlue will test a farmstand, in conjunction with GrowNY, at JFK airport for three days starting Oct. 29. turn he released did not include $1,000 from the city’s Department of Finance. The opening date was misstated in the Sept. 30 FYI. Schedule E and does not list rental an outside The vice president for small interests at the American Institute of CPAs is James Metzler, not James Apartment available Wetzler. The name and affiliation with AICPA of Mr. Metzler, a CPA who headed his own firm, were income. source such as misstated in the Sept. 30 “Graying of an industry leads to mergers.” Mr. Wetzler is a former director of real estate A current online ad for one of the Deloitte Tax. Rival has three homes rents. She also apartments in the building—a one- “The building was properly filed disclosed the bedroom—lists the rent at $2,200 a FAST 50 CORRECTIONS and disclosed according to the law,” month. address of the Nick Taylor is the CEO of Usablenet (No. 24). He was incorrectly identified as also being the founder in a spokesman for Mr. de Blasio’s rental proper- It’s not clear when Mr. de Blasio the Oct. 7 Fast 50 list. campaign said. DE BLASIO ty and a range began renting the property to ten- Steven Katz is a managing member and co-founder of PM Pediatrics (No. 47). He was incorrectly Republican mayoral nominee of income de- ants. Board of Elections records identified as also being a doctor. Joseph Lhota lives in a $3.5 million rived from it, as required. show a woman named Nicole Yodle (No. 44) provides website development and search optimization services for its customers. Its penthouse apartment in Brooklyn Ms. James said she had misun- Wetsch registered to vote from the services were misstated. Heights. Mr. Lhota’s financial dis- derstood what she was required to address in September 2009. Three Eric Berridge founded the precursor of Mondo (No. 29), Aden + Anais (No. 14) does not sell at Costco, closure form with the Legislative report.As with Mr.de Blasio,her tax others have since registered from and Regeneron Pharmaceuticals (No. 33) does not have an official Twitter handle. These facts were Ethics Commission for 2012 also returns later showed that her rental there—two in 2011 and one in misstated. lists two other properties: a Nan- income was more than offset by de- 2012—including a man named AdMarketplace and MKG were Nos. 18 and 38, respectively, on this year’s Fast 50 list. Their company tucket, Mass., vacation house worth ductions. Daniel Wilmer. There might have names were misstated. $2.5 million and a one-bedroom The paper loss of $10,700 shown been other tenants who did not reg- apartment in Washington, D.C., on the de Blasios’ 2011 Schedule E ister to vote. where his daughter,a recent George- was primarily a result of deprecia- One of Mr. de Blasio’s signature rental property, and one tenant cellent landlords. “They are just the town University graduate, resides. tion and interest on their mortgage. accomplishments as public advocate praised his candidate-landlord. most wonderful people,” Mr. Mr. Lhota, whose net worth is at was the creation of a list of the city’s Mr. Wilmer, 42, the first-floor Wilmer gushed. “Anything that’s a least $13 million, did not disclose Property’s value soared “worst” landlords, based on out- tenant, said he had lived in the problem, they take care of it imme- any rental income in 2012. Searches The de Blasio campaign has not standing building violations.He ap- building for two years and that oth- diately.” Ⅲ of public documents did not turn up released the supporting schedules of pears to have lived up to that stan- ers lived in the apartment above. He any tenants in his properties. his 2012 tax return that would in- dard: No violations are listed for his called Mr. de Blasio and his wife ex- Jeremy Smerd contributed to this article. AS A CONSULTANT YOU KNOW WHAT’S RIGHT FOR YOUR SMALL BUSINESS

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40 | Crain’s New York Business | October 28, 2013 HELLUVA TOWN INSIDE Source Lunch Mark Armory reaches Messier’s big goal in the out to hipsters Bronx PAGE 42 The Park Avenue Armory’s Avant- Out and About Garde program seeks to add a youthful membership to the Get dressed up for the nonprofit. It’s off to a good start Halloween Ball PAGE 43 since its May debut. Outreach is aimed at patrons in their 20s through early 40s, though President and Executive Producer Rebecca Robertson ensured, “We won’t card you.” The program offers TALKING HEAD: membership options at $350 and Pablo Picasso’s $600, with perks including Tête de Femme is invitations for two to opening- expected to fetch night previews of art installations $20 million to and select access to the VIP $30 million. lounge in one of the Armory’s james ewingjames

historic rooms. The 19th-century building once served as a social club for President Lincoln’s volunteer militia. So far, the effort has brought in 93 newbies, lured by hipster- friendly multimedia events such as a members-only after-party for the final show of Massive Attack V Adam Curtis, where attendees got to party with the performers. Overall, the program has plumped up the organization’s pockets with a sweet $66,000. “We think it’s extremely successful,” Ms. Robertson said. —lisa ferber Trebek: Climate in jeopardy

Alex Trebek made a recent stop in New York to celebrate his 30th anniversary as the host of Jeopardy! At an event at the offices Going once, going twice… of sponsor Lindblad Expeditions, the TV star announced a sweepstakes offering lucky viewers Christie’s and Sotheby’s bring prized works to their auctions trips to exotic places such as the Galapagos and Antarctica. as the red-hot art market continues to sizzle As a world traveler himself, Mr. Trebek bemoaned the state of the environment and had some choice words for climate-change skeptics: “Those of you who do not believe in global warming— shut up.”

A trip to Greenland is on his sotheby’s personal bucket list. “I have to go before it turns green,” he deadpanned. BY THERESA AGOVINO Afterward, Mr. Trebek was off to dinner at Willow Road in ach of Christie’s last three auctions of postwar and contemporary art has been BIG PICTURE Chelsea, where his son Matthew,a better than the last, with the spring’s evening event totaling $495 million— recent graduate of Fordham University, works as a waiter. the highest figure from any art auction. ¶ The question, as the November The 21-year-old has aspirations auctions approach, is whether Christie’s can beat its own record, and whether to open a restaurant. Though the red-hot market can continue at such a frenzied pace. ¶ “We’ve been on a $778M Mr. Trebek said High estimate he’s not roll,” said Robert Manley, a senior vice president and international director for total sales from encouraging who heads the postwar and contemporary art department for Christie’s. “I Christie’s evening him, he said auctions in November he’ll help: think there is a chance we can eclipse [last spring’s auction].” ¶ Auction “Whatever houses are predicting strong sales. Christie’s evening auction of postwar and contemporary art, he feels comfortable along with its evening sale of impressionist and modern art, are expected to total between $689 with.” Emillion and $778 million. Sotheby’s two evening auctions are expected to fetch about $500 million. —valerie ¶ There are exceptional pieces for sale, from artists like Francis Bacon and Andy Warhol, that are $500M block Estimated sales from expected to lure collectors. ¶ “The amount of money out there to buy art is really mind-boggling,” Sotheby’s evening said Lisa Schiff, principal of Schiff Fine Art. See GOING ONCE on Page 42 auctions next month jeopardy productions inc. productions jeopardy

October 28, 2013 | Crain’s New York Business | 41 SOURCE LUNCH: MARK MESSIER Going once, going twice ... by Daniel Geiger

Continued from Page 41 Each auction house has its stable of Hockey legend has prime pieces, but some artists are looming large in both companies, most notably Alberto Giacometti.A big goal in Bronx painting of the artist’s brother Diego (right) will lead Christie’s evening impressionist and modern sale. The auction house estimates it will sell for ark Messier, the they’re going to be staying overnight. between $30 million and $50 mil- hockey Hall of This restaurant is a perfect example of lion, breaking a world record for a Famer who was im- the kind of business that will thrive sale of one of the artist’s paintings. mortalized in New with the traffic coming through here. Meanwhile, a sculpture of York sports lore for Diego will lead Sotheby’s sale.The Mcaptaining the Rangers to a Stanley A plan to develop the armory in 2009 auction house expects the bronze Cup in 1994, has entered the realm was rejected over living-wage issues. cast to bring between $35 million christie’s of big-city real estate development. How did your group get around that roadblock? and $50 million. christie’s In September, Mr. Messier was The sales start with Christie’s contemporary sale is Nov. 12, fol- named the head of the Kingsbridge We’re here to enhance the commu- evening impressionist and modern lowed by Sotheby’s sale the follow- Apocalypse Now by Christopher Wool. National Ice Center,a group that was nity; 51% of the jobs will be for peo- auction on Nov. 5, followed by ing night. Here are some of the This is considered one of the selected by the city earlier this year to ple in the area. It’s jobs, kids and Sotheby’s event on Nov. 6. biggest draws for deep-pocketed most important works by the redevelop the Bronx’s Kingsbridge community, and that’s the focus. I Christie’s evening postwar and collectors: artist, who will be the subject of Armory into a vast, nine-rink ice- wouldn’t want to be in their neigh- a retrospective at the Solomon sport facility. borhood, in their business district, in R. Guggenheim Museum be- Mr. Messier stepped down from their armory, unless they welcomed ginning on Oct. 25. The 1988 the Rangers as a special assistant to us. I believe in good energy. painting draws from Francis the organization’s president to take Ford Coppola’s film of the same the position and oversee the con- What kind of activities and sports will be name and has been hailed for struction and operation of the near- here? capturing the mood of the ly $300 million project, which will We’re going to have synchronized ice country after the stock-market introduce ice sports on a scale never dancing, sled hockey, figure skating, crash the year before. “It has a before seen in the city. curling. All the ice sports. What we sense of urgency,” said Wendy have done with the community is Cromwell, art adviser and prin- How did you get involved in give them 50,000 square cipal of Cromwell Art. this project? WHERE feet of community space Christie’s expects the painting We were originally going on top of the nine rinks and christie’s to sell for between $15 million to do a twin rink in THEY $8 million to develop Three Studies of Lucian Freud by Francis Bacon. Bacon’s 1969 paintings of his and $20 million, breaking the Queens. And we were DINED whatever they want. friend and rival have never been sold at auction before. Christie’s is not artist’s auction record of $7.7 talking to the city and they CAFÉ Is this going to be your full- putting out an official estimate for the triptych, widely considered one of million set in February 2012. said, “You might want to MIRADOR Bacon’s masterpieces,but said it is poised to break the artist’s previous world check this building out,” 44 W. time gig for a while? record of $86 million, set in 2008. and we were like, “Wow, Kingsbridge I really believe in the proj- Tête de Femme by Pablo Picasso this is more than we were Road, Bronx ect.I gave up a career in the (pictured on Page 41). This colorful thinking, but let’s do some (718) 450-3844 NHL. Hockey is exciting, Balloon Dog (Orange) by Jeff Koons. This peri- painting of the artist’s muse and research and figure out AMBIENCE: but this presented a once- Dominican patetic pup has been displayed at the Met- lover Marie-Thérèse Walter that what could happen here.” restaurant meets in-a-lifetime opportunity. ropolitan Museum of Art, Venice Grand was created in 1935 has never It’s more than an ice café When does this project get Canal and the Palace of Versailles and is been sold at auction before.In the rink. It’s an opportunity to WHAT THEY ATE: owned by noted collector Peter Brant. It is past five years, six of Picasso’s de- create something world- Sancocho approved and when will it one of five balloon-dog sculptures, each pictions of Marie-Thérèse have renowned in a landmark (Dominican stew) open? owned by a prominent collector. Christie’s been auctioned for more than $20 building that millions of Arroz con pollo The idea is to get approvals, estimates the stainless-steel creation will million each.One sold earlier this people are going to pass TOTAL: $34.83, hopefully by the end of the fetch between $35 million and $55 million, year at Sotheby’s in London for through each year and re- including tip year. We’ll finish the archi- breaking the artist’s record of $33.6 million $44.8 million. Sotheby’s expects juvenate the Bronx in a tecture and planning next christie’s established last year when his Tulips was this canvas to go for between $20 way that hasn’t been done since 1923, year, and we are going to be open for purchased by Steve Wynn. million and $30 million. when Yankee Stadium was built. business by 2017 and possibly earlier.

Is there really enough demand in the Do you like real estate development? Bronx for nine skating rinks? I was buying and selling homes back I think that’s a fair question, but the through the 1990s and early 2000s. I answer is they haven’t [skated] be- loved it. I was still playing, and the cause they can’t, and I can assure you, economy was moving.[Kingsbridge] once given the opportunity,they will. is that on a super-big scale.It’s one of We don’t have the ice facilities to ac- the most interesting projects in the commodate the people we have in city right now. this city. The national average is one sheet [of ice] per 100,000 people,and Do you think this facility will produce an we have one sheet per 1.2 million NHL player eventually? people. We’ll also draw from New One thousand percent.I could assure Jersey,Long Island and Connecticut. you that someone who starts at the

sotheby’s That’s part of the economic bene- grassroots level here will come out fit that the borough will be rewarded eventually. That’s not if, that’s just sotheby’s Untitled V by Willem de Kooning. This oil on with. They’re going to come in, and when. canvas, noted for its powerful brush- Silver Car Crash (Double Disaster) by Andy Warhol. This large-scale work strokes and vibrant colors, will be on is one of only four car-crash paintings the pop artist created in his view for the first time since 1980. It was WHO KNEW? Mr. Messier bought Rosetta “Death and Disaster”series.It’s the only one that remains in private created in 1975, which was a watershed hands and has been seen in public only once in the past 26 years. moment in the artist’s career because he Stone language software with the aim of Sotheby’s estimates it will sell for more than $60 million.“It is a sig- returned to painting after a period of fo- being able to speak Spanish by the time nature piece from early in his career that should appeal to those out- cusing on sculpture.Sotheby’s expects it side the usual cabal that supports Warhol,” said Todd Levin, direc- to sell for between $25 million and $35 the Kingsbridge ice center opens. tor of Levin Art Group. million.

42 | Crain’s New York Business | October 28, 2013 OUT AND SNAPS God’s Love We Deliver gala raises record sum ABOUT by Ali Elkin and Theresa Agovino

CULTURE FIX CAREER BUILDER WEDNESDAY, TUESDAY, OCTOBER 29 OCTOBER 30, The SMALL BUSINESS LEGAL THROUGH SATURDAY, ACADEMY is a free all-day event NOVEMBER 2 offering free legal counsel and other The Brooklyn workshops for small businesses. Academy of Music will present the U.S. Corporate law firms, financial premiere of the Polish play NOSFERATU, services consultants, city and state based on Bram Stoker’s Dracula, written agencies and other service providers and directed by Grzegorz Jarzyna. The will be on hand. It is hosted by the play, performed with English subtitles by Association of Pro Bono Counsel acclaimed Polish theater company TR and Brooklyn Legal Services Corp. Warszawa and Teatr Narodowy, will be A. The conference will be at the elsa ruiz national committee elsa ruiz national staged at BAM’s Harvey Theater, 651 Apollo Theater at 253 W. 125th St. annie watt Fulton St. Tickets start at $20 and are in Harlem. Registration is available JAY MCINERNEY, ANNE HEARST MCINERNEY and AMANDA HEARST at HENRY KISSINGER and RICHARD GELFOND at the annual gala a fundraising lunch for the American Cancer Society. The event on Oct. 21 for the National Committee on U.S.-China Relations. The Oct. 16 available at www.bam.org. online at www.probono.net/sbla. raised $260,000. event raised $1.8 million. SUNDAY, NOVEMBER 3, WEDNESDAY, OCTOBER 30 THROUGH SUNDAY, MARCH 30, 2014 BIZBASH IDEAFEST NEW YORK, an all- AFTER MIDNIGHT, a musical/concert hybrid day conference at the Jacob K. Javits about Duke Ellington and the Harlem Convention Center’s North Hall, renaissance produced by Wynton will run from 8 a.m. until 5 p.m. and Marsalis, opens Nov. 3 at the Brooks will feature speeches from experts Atkinson Theatre, 256 W. 47th St., after across different fields, including two weeks of previews. The show will former New York Giant Tiki Barber, feature a rotating cast of musicians who and Michael Trainer, U.S. director of will play in a performance within the the Global Poverty Project and performance. The first guest star will be executive producer and creative Fantasia Barrino, an American Idol director of the Global Citizen winner. Tickets are available through Festival. Registration starts at $49 Ticketmaster and start at about $60. and is available at www.bizbash.com/ Visit www.aftermidnightbroadway.com bizbash-events/idea-fest/2013/ for more information. new-york. jerry speier

Rabbi STEVEN BURG, Rabbi MEYER MAY, CZESLAWA ZAK, Rabbi dimitrios kambouris/larry busacca DON’T MISS HALLOWEEN BALL ABRAHAM COOPER and JANICE PRAGER at the Simon Wiesenthal MICHAEL KORS, HILLARY CLINTON and ANNA WINTOUR at God’s Love Center’s Humanitarian Award Dinner on Oct. 16. The event raised We Deliver’s Seventh Annual Golden Hearts Awards on Oct. 16. The fete THURSDAY, OCTOBER 31 more than $1.6 million for the center and its educational arm, the raised more than $3 million, a record for the nonprofit, which delivers The 37th annual VILLAGE HALLOWEEN Museum of Tolerance. meals to the severely ill. COSTUME BALL will be at Theater for the New City, 155 First Ave., between East Ninth and East 10th See more of this week’s Snaps online at CrainsNewYork.com/galleries. streets. The evening will feature a costume competition, live music, ballroom dancing, a haunted house and theater acts. The event starts at 7:30 p.m., and costumes or formal attire are required to enter. Admission is $20. For information, visit www.theaterforthenewcity.net.

OPENING FUNDRAISERS THURSDAY, OCTOBER 31 TUESDAY, OCTOBER 29 The Whitney Museum of American Carnegie Deli will host TAKE A BITE OUT Art will host RITUALS OF RENTED OF BREAST CANCER. The evening will ISLAND: OBJECT THEATER, LOFT include mini versions of the deli’s PERFORMANCE AND THE NEW sandwiches and pink desserts, and will a newnew digitaldigital offeringoffering dedicateddedicated toto PSYCHODRAMA—MANHATTAN, 1970- benefit the Ellen Hermanson 1980.The exhibit, which runs through Foundation. Tickets cost $100 and are providingproviding investing,investing, planningplanning andand Sunday, Feb. 2, 2014, focuses on the available online at www.carnegiedeli early days of performance art in .com. A small number of tickets will be downtown Manhattan.The Whitney is available at the door. Carnegie Deli is wealthwealth managementmanagement intelligenceintelligence to at 945 Madison at 854 Seventh Ave., and the event will Ave. and is run from 7 p.m. to 9 p.m. higigh-net-wort-net-worth inindiviividuauals.s. open Wednesdays WEDNESDAY, OCTOBER 30 through The Carter Burden Center for the Sundays from Aging will hold its 42ND ANNUAL GALA: 11 a.m. to 6 ART WORKS at the Mandarin Oriental p.m. except Hotel at 80 Columbus Circle. wealth.investmentnews.com Fridays, when Cocktails begin at 7 p.m., and dinner is the hours are at 8 p.m. Individual tickets start at 1 p.m. to 9 p.m. $1,000; tables start at $10,000. They powered by Admission costs $20 for adults. For are available online at www.carter information, visit www.whitney.org. burdencenter.org.

MARK YOUR CALENDAR… WEDNESDAY, NOVEMBER 13 The Museum of the City of New York will present sponsored by GILDED NEW YORK, an opportunity to get a closer look at the moneyed New Yorkers of the turn of the last century. The exhibit will feature opulent clothing, jewelry and home furnishings from inside the Vanderbilt and Rockefeller homes, among others. The Museum of the City of New York is at 1220 Fifth Ave. It is open every day, and admission for adults is $10. For information, visit www.mcny.org.

October 28, 2013 | Crain’s New York Business | 43