CNYB 07-21-08 A 1 7/18/2008 7:15 PM Page 1

TOP STORIES How to preserve Danny DA’s legacy Meyer —Greg David on expands Morgenthau’s career, dilemma his reach: ® Page 11 ballpark and Greenwich, too PAGE 2 VOL. XXIV, NO. 29 WWW.CRAINSNEWYORK.COM JULY 21-27, 2008 PRICE: $3.00 Fitness trend gets recession workout as NYers cut back Real estate PAGE 3 Secret studios give Hot 97 bullet- Web battle proof new home NEW YORK, NEW YORK, P. 6 intensifies Some schools go the distance online; Chief Executive Bill Staniford. others don’t PropertyShark “We’re ready to add another tool.” set to launch Mr. Staniford acknowledges EDUCATION REPORT, P. 15 that replicating such success with residential listings, consumers might be difficult.In ad- defying downturn dition to the battered condition of BUSINESS LIVES the real estate industry,the residen- tial listings market is overcrowded. With kids at camp, BY AMANDA FUNG But real estate sites report run- grownups play away growth, citing consumers’ their own games the u.s. real estate market’s enduring desire for information. slump isn’t stopping commercial National competitors PAGE 25 real estate Web site Proper- Trulia.com and Zillow.com both tyShark.com from rolling out con- recently raised substantial infu- sumer residential listings. sions of venture funding. The Brooklyn-based site ex- In New York, PropertyShark’s pects to introduce the service for largest market, local sites homebuyers by Sept. 1. This will StreetEasy.com and Residential- be first time the five-year-old NYC.com—the portal for indus- tim carroll site—which provides data on sale try group the Real Estate Board of prices, financing and appraisal New York—have established WEEKLY MAGAZINES values for more than 25 million themselves as major players. properties in 20 major markets— StreetEasy,a two-year-old firm has moved beyond commercial offering overall market and neigh- real estate. borhood research, claims that it The cover worth “We have conquered delivering provides superior listings. Its tech- difficult-to-find information to nology scours the Web, receives AT DEADLINE a thousand words professionals,” says PropertyShark See REAL ESTATE on Page 8 SPURRED BY A 10-GAME WINNING STREAK, NEW YORK Mets ticket sales have surged, Controversy gives of The New Yorker. “I think this giving the team a chance to week alone we’ve proved that’s not Capital budget crunch draw 4 million fans for the first esteemed magazine the case.” time ever. By late last week, Despite its raft of awards and a 50,000 tickets had been sold needed buzz as ad reputation as the best magazine in to set off scramble for the Mets three-game series pages fall sharply America, The New Yorker has been with archrivals Philadelphia starved of the excitement Phillies this week.To date, the that made it hot with mar- Some agencies face team has sold 3.65 million BY MATTHEW FLAMM 21% keters just a few years ago. tickets, up about 10% from this DECLINE Advertising pages fell 9% deeper budget cuts; time last year. Ratings for its once its satirical cover in ad pages for between 2005 and 2007 this year through delays are likely broadcasts on SNY are also depicting the Obamas as July, according to and have plunged 21% so rising, hitting 3.5 late last terrorists hit newsstands Mediaweek far this year—the most of week, compared with an last week, The New Yorker any Condé Nast title—ac- BY MATTHEW SOLLARS average of 2.8 for the previous was blasted around the clock for cording to Mediaweek. 65 games. being tasteless, offensive, racist Changes in publishers—Mr. with the deadline looming for and incendiary. Schutte is the magazine’s third in city agencies to submit proposals to FAST-FOOD CHAINS, All the outrage was just what three years—and the brutal ad reduce spending on capital projects INCLUDING MCDONALD’S AND the title needed. market have contributed to the by 20%, the stage is set for a battle Hale & Hearty acted Friday to “People have said weeklies are damage, as has competition from over which projects get funded and See AT DEADLINE on Page 2 going to become irrelevant,” says fellow thought-leader The Econo- which get pushed back. Drew Schutte, publishing director mist and the resurgent New York Faced with a downturn on Wall magazine. Street, Mayor Michael Bloomberg A tough sell in the best of times, in May announced the reduction as 29

5 The New Yorker is also a general in- part of his $59 billion executive terest magazine when advertisers budget for fiscal 2009. The sub- are increasingly favoring targeted mission of the agencies’ proposals media. by Aug.6 is the first step toward the ELECTRONIC EDITION Though Editor David Rem- September release of a five-year

See NEW YORKER on Page 9 See FIGHT on Page 8 lindström bekka NEWSPAPER 71486 01068 0 CNYB 07-21-08 A 2 7/18/2008 7:19 PM Page 1

AT DEADLINE

Continued from Page 1 by Wall Street Journal reporter comply with new city rules Gregory Zuckerman, about requiring them to post calorie hedge fund manager John information on their menus to Paulson, who reaped a fortune avoid fines that were to go into betting against the housing effect at midnight Friday.The market. And the Portfolio rule affects companies with 15 division of Penguin has just or more restaurants nationwide, acquired a book on Bear although a challenge to the law Stearns’ collapse by Journal filed by the restaurant colleague Kate Kelly.They’ll be association is pending with the competing with CNBC’s 2nd Circuit Court of Appeals. Charles Gasparino, who is writing about Bear Stearns for THE BARRAGE OF GLOOMY Collins, and The Last Tycoons ECONOMIC NEWS FINALLY author William D. Cohan, who showed up in employment is writing about the failed figures, and economists believe banking firm for Doubleday. that the picture will worsen in the coming months. Nearly a LIM-THE COLLEGE FOR THE year after the mortgage crisis BUSINESS OF FASHION surfaced, job losses have started recently expanded its square to appear in government footage in the city to 101,000 by READY FOR ANOTHER statistics.The securities industry leasing space at 216 E. 45th St. HELPING: Danny Meyer shed 4,300 jobs in June—the It will use the new area for says he has figured out how to jump-start growth. largest one-month loss since classrooms, offices and a café, Sept. 11, according to an offering a new hangout for analysis by real estate firm students.Terms of the lease Eastern Consolidated. were not disclosed. LIM expects 1,300 students for the coming VENTURE FUNDING FOR NEW academic year, compared with YORK METROPOLITAN AREA 340 in 2001.The school New ventures fill technology firms dropped 2% in currently leases academic the second quarter from the facilities at three other buildings same period last year, to $392.8 on the East Side. million, according to a report by PricewaterhouseCoopers and INDYMAC, THE FAILED restaurateur’s plate the National Venture Capital CALIFORNIA BANK, WILL NOW

Association.The figure was be run from New York.The roger hagadone down 25% from the first three FDIC has appointed months of the year, indicating Manhattan law firm Thacher that the financial crisis is Proffitt & Wood as conservator Meyer gets into ballpark game, expands beyond city seeping into venture financing. for the now-federal savings Nationwide, venture capital bank, which was taken over BY LISA FICKENSCHER funding remained flat during following drastic losses. Stephen the quarter, at $7.4 billion. Kudenholdt, chairman of the firm’s structured finance restaurateur danny meyer is a diehard New York Mets fan, but when his company BOOK PUBLISHERS, AT LEAST, practice, and Robert Azarov, catered the Major League Baseball All-Star pregame party on Randall’s Island last week, he ARE BULLISH ON THE partner in the corporate and deftly put his loyalties aside. subprime mortgage crisis. financial institutions group, will The 5,000-person fete—where baseball VIPs grazed on pulled pork sliders and chilled shots Doubleday Business has just oversee all future moves by the bought The Greatest Trade Ever, failed thrift. of peach soup provided by the brand-new sports division of Mr. Meyer’s Union Square Hospitality Group—was simply too big a chance to pass up. “It was a fantastic opportunity,” says Mr. Meyer. THIS WEEK IN CRAIN’S Pitching to the baseball owners is only one of several surprising departures for Mr. Meyer, one of the city’s most prominent restaurateurs. After 22 years operating solely within Manhattan, See NEW PROJECTS on Page 8 26 GREG DAVID ------11 THE INSIDER------12

SMALL BUSINESS ------13 WEEK IN REVIEW ------14 WTC penalties unlikely REPORT:

EDUCATION------15 Tower construction Merrill’s withdrawal, the economic finished transportation network. THE WEEKS AHEAD ------19 downturn and massive job cuts by fi- Unfortunately for the developer, may be delayed, nancial companies that are prospec- his agreements with the Port Au- CLASSIFIEDS ------20 tive tenants. But he and the Port thority don’t allow for his deadlines but Port Authority Authority, which owns the site, are to be pushed back unless, for exam- REAL ESTATE DEALS------22 unlikely to object on good terms at the moment and ple, the PATH station project be- NEIGHBORHOOD facing many of the same tween his Tower Two and struggles. Tower Three impedes their JOURNAL------23 BY ERIK ENGQUIST “They’re all in the same 2013 construction. boat,” says Kathryn Wylde, DATE that 3 However, observers say BUSINESS LIVES------25 towers are while merrill lynch & co.’s de- president of the Partnership scheduled to Mr. Silverstein could make a BOB LAPE ------26 cision not to move to Ground Zero for New York City, a busi- be completed public case—if not a legal makes it extremely difficult for de- ness group of which Silver- at WTC site one—on the grounds that if CORPORATE LADDER------27 27 veloper Larry Silverstein to meet stein Properties is a mem- the government could not EXECUTIVE MOVES------27 construction deadlines, it also is ber.“I can’t imagine a scenario where meet its deadlines,neither should he highly unlikely that the Port Au- there’s a default.” have to. vol. xxiv, no. 29, july 21, 2008—Crain’s New York Business (issn 8756-789x) is published weekly by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals thority of New York and New Jersey Observers point out that that “That’s the question that Silver- postage paid at New York, N.Y. and additional mailing offices. Postmaster: Send address will seek to penalize him. Mr. Silverstein’s troubles in finding stein is going to raise from a public re- changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call (888) 909-9111. Fax (313) 446-6777.$3.00 a Mr. Silverstein’s three proposed tenants for his towers stem in part lations standpoint,” one official says. copy, $59.79 one year, $109.79 two years. (GST No. 13676-0444-RT) ©Entire contents towers, totaling about 7 million from delays in public projects on the copyright 2008 by Crain Communications Inc. All rights reserved. square feet, are due in 2013—a date site. Businesses don’t want to locate COMMENTS? that will be tough to meet, given in a construction zone with an un- [email protected]

2 | Crain’s New York Business | July 21, 2008 CNYB 07-21-08 A 3 7/18/2008 6:26 PM Page 1 Celebrity boost for gym

mana,an exercise physiologist at the Glitzy partnerships American Council on Exercise. let 24 Hour Fitness “We’ve seen a few people make the decision to say, ‘My membership’s buck downward gotta go.’ ” health club trend Stress reliever the last time the economy BY ADRIANNE PASQUARELLI slipped, after Sept. 11, many viewed working out as neces- on tuesday, the much-hyped 24 sary to relieving stress and Hour Fitness-Derek Jeter will wel- restoring a sense of normal- come New Yorkers into its sleek fa- cy. Health club cility on Fifth Avenue at Madison openings in New Square Park for the first time. In York state rose 55% February, 24 Hour Fitness World- between 2001 and wide made headlines when it an- 2006, to 686, according to nounced a partnership with the the International Health, Yankee captain for its entry into the Racquet and Sportsclub New York market.The company has Association and InfoUSA found that attaching the name of a Inc. high-profile athlete to a club helps Now, the combination attract members. of an oversupply of gyms It will need that boost, because and consumers’ growing

even health clubs are feeling the ef- economic anxiety makes gibbons catherine fects of the country’s economic tur- it appear that the boom is FEEL THE BURN: 24 Hour Fitness-Derek Jeter (left), in the Madison Square Park neighborhood, opens Tuesday. moil. Gym membership declined waning. unexpectedly last year from 2006, “Word is getting out falling nearly 1% in New York state that exercise is impor- Some frugal sions with a trainer at home. “For the amount that they’re and 3% nationally, to 41.5 million tant, but people know New Yorkers are re- charging, I didn’t think it was worth members, according to the Interna- you don’t have to belong evaluating their gym Cutting back the cost,” Ms. Fagenblat says. She tional Health, Racquet and Sports- to a gym to exercise,” status by downgrading danielle fagenblat, a consultant replaced her club visits with the club Association. says Pamela Kufahl, to less expensive clubs at executive search firm Michael hour’s walk to and from her mid- “When the cost of basic essen- editor of Club In- or cutting out membership Page International, paid $70 to $80 town office.

tials goes up and salaries don’t go up dustry’s Fitness getty images altogether.They are turning to oth- a month to belong to New York Increasingly cost-conscious con- in proportion,certain luxury ameni- Business Pro er ways to work out, like bicycling, Sports Club but let her membership sumers and high rents are forcing ties have to be cut,” says Fabio Co- magazine. running or having occasional ses- lapse earlier this year. See CELEBRITY on Page 9

BY THE NUMBERS Disaster on Runway ENERGY COST PAIN new york area consumers’ cost of His white ensemble, made from a out his life insurance to fund the NY designer with shower curtain and tablecloth pur- venture. energy—from gasoline to drive their his business on the chased at a Gristedes grocery store, “We need to go to the mass mar- cars to natural gas to heat their homes— edged out a dress composed of black ket,” Mr.Tam said after the install- soared 25% in the 12 months ended in line gets the boot on garbage bags as the worst garment. ment aired,adding that he has been June, pushing the increase in prices over The Manhattanite had hoped to trying to get his collections into season’s first show turn his appearance on the show Elle, Vogue or Harper’s Bazaar. the same period to 4.5%. Energy has into a boon for his fashion line, “Maybe we’ll get a little love from been rising at steep rates for five of the BY ELISABETH BUTLER CORDOVA Form,now in its fourth year of pro- them, and that could lead the buy- past six years. duction. Only a few boutiques sell ers to us.” as fast as fashion designer Jerry his clothes, which haven’t been Tam got in, he was out. picked up by bigger retailers. Mr. A flood of designers Last week, Mr.Tam became the Tam, 32, whose struggles to make a major public relations firm first contestant to get the patent it in the business were profiled in that had been considering taking leather boot on the fifth season of Crain’s in February 2007, has been Form as a client walked away from reality TV show Project Runway. using his savings and even cashed the deal when Mr.Tam announced that he would be participating in Percent changes in Project Runway, he says. And the consumer prices, New embarrassment of being the first York and northern designer bounced from the widely New Jersey, as of June. watched show can’t have helped. By inspiring people to enter the fashion business, Project Runway has,ironically,made life tougher for fashion designers like Mr. Tam— even though few contestants have gone on to commercial success. New York’s fashion schools have been flooded with design stu- dents eager to chase their dreams of becoming the next Marc Jacobs. CLOTHES-POOR : Applications to Pratt Institute’s Jerry Tam has spent program, for example, have in- much of his savings creased by more than a third in the on his label, Form. past five years.

COMMENTS? Numbers represent the percent change from the previous year. Source: Bureau of Labor Statistics istockphotos/chart bekka lindström istockphotos/chart bekka buck ennis [email protected]

July 21, 2008 | Crain’s New York Business | 3 CNYB 07-21-08 A 4 7/18/2008 7:17 PM Page 1

IN THE MARKETS HIGHLIGHTS REEL 5 midsize NY banks ready +5.0% to gain at others’ expense The Bloomberg/ Dime has also been chugging along. Crain’s New Rebound after taking Total assets grew by $139 million in the York Index a beating; restraint in first quarter, to $3.64 billion, and the rose 5.0%, bank is expected to report a 41% rise in to end the boom years paying off second-quarter earnings this week.Dime week at 307. ➡ is also still expanding. It recently opened The S&P its 22nd branch and plans to open the 500 Index BY KIRA BINDRIM 23rd by the end of the summer. rose 1.7%, Both Astoria Financial and New York closing at he financial crisis finally Community are walking a finer line. 1261. caught up with a handful of Astoria, with $22 billion of assets, re- midsize banks in the New ported second-quarter earnings of $33.5 York area last Monday. million, down 2% from the year-earlier Spooked by the deepening period.This week, New York Communi- RISERS Tcredit crunch and IndyMac Bancorp ty is expected to report an increase of near- 5-DAY 1-MONTH 3-MONTH CLOSING Inc.’s collapse the previous Friday, in- ly 9% in second-quarter profit,to 25 cents % CHANGE % CHANGE % CHANGE PRICE vestors sold off shares of regional banking a share. Analysts project a full-year earn- Barr Pharm. +45.4% +53.6% +27.8% $63.38 companies. ings increase of 15.9%, to $1.02 a share. E*Trade +34.6% -0.8% -7.8% $3.66 Hudson City Bancorp Inc. fell 6.9%, At the heart of the quintet’s stability is while Flushing Financial Corp.and Dime the fact that they didn’t overreach during JetBlue +34.4% +6.8% -15.6% $4.22 Community Bancshares Inc. dropped the good times.Their restraint was high- Lehman Bros. +31.7% -23.3% -58.2% $19.01 6.7% and 5.1%, respectively. Meanwhile formed the bedraggled financial sector as lighted last week in a report by Laden- CIT Group +23.0% -9.3% -35.4% $8.72 Astoria Financial Corp. shed 7.2%, and well as the broader market. burg Thalmann analyst Richard Bove. New York Community Bancorp Inc. de- Hudson is expected to reaffirm in- Looking at 107 U.S. banks and thrifts clined 5.7%. vestors’ faith this week by posting a 50% with assets of more than $5 billion, Mr. SINKERS These five institutions aren’t about to rise in second-quarter earnings. Last Bove used two calculations to determine 5-DAY 1-MONTH 3-MONTH CLOSING go bust, however. Instead, the conserva- month, its chief executive forecast that which midsize banks could be next to col- % CHANGE % CHANGE % CHANGE PRICE tively managed collection appears likely to profits would rise 46% this year from 2007. lapse. He found only 11 institutions at Great Atl. & Pac. -19.5% —21.6% -29.5% $17.71 pick up business from overextended rivals Hudson has company in the winner’s risk, and none of them are in New York. New York Times -7.4% -21.8% -34.1% $12.64 in coming months. Not surprisingly, the circle. Flushing Financial, which had a “The system is not anywhere near the banks’ shares bounced back later in the Loews Group -5.3% -14.3% -3.0% $42.94 first-quarter earnings jump of 33%, is ex- danger that existed in the late 1980s and week. Savvy investors should take note. pected to post a 42% increase for the sec- early 1990s, despite all of the whining by Public Service Ent. -5.1% -7.6% -4.0% $42.42 The most compelling case is Hudson ond quarter. Standard & Poor’s ranks public officials,” Mr. Bove wrote. Investment Tech. -4.9% -26.3% -43.5% $28.22 City,which has $47 billion of assets.Over Flushing in the 93rd percentile for in- CRAINS_06-16-08_ unidata_Enterprise SLAs.ai 6/5/2008 3:49:29 PM the past year, its shares have outper- vestability. COMMENTS? [email protected]

STOCKS TO WATCH by Erik Ipsen Enterprise SLAs One less worry goes a long way for middle market in revving up battered Avis Budget AIR TRAVEL IS DOWN. Airlines are shrinking their schedules, and gas companies costs have soared. No wonder that Avis Budget Group is expected to Middle market companies are in a tough position. post a 58% drop in quarterly profits in two weeks and that its shares The banks call you middle market—offering middle have lost 80% of their value in the market credit lines at middle market rates. But in the past year, right? Maybe not. Last information technology (IT) world, customers, week a rare downtick in oil prices trading partners, and regulators expect you to operate was all it took to send the car renter’s shares soaring by 16%. Maybe all its like an enterprise—with all the costly network access, cost cuts will pay off yet. availability, backup, security, and application support that entails. Having a powerful new drug can be like having a license to print money. Just ask OSI Pharmaceuticals. Sales of the biotech outfit’s cancer- combating We’d like to help you outmaneuver this situation. drug Tarceva are expected to hit $1.1 billion this year, up 24% over 2007. Second-quarter profits, due out this week, are also expected to be up 24%. CallCall uuss ttodayodayy—we’llwe’ll ggiveive you a Those numbers, plus rumblings of other promising drugs in the pipeline, have helped to push the shares up 42% in the past 12 months. complimentary network assessment, designed to outline your company’s best bets This year, Hess Corp. has found oil and gas everywhere from the Gulf of for service improvement and cost savings Mexico to Brazil and Australia. But in the volatile energy business, price generally trumps quantity. With oil We’re the brains behind New York’s best networks ending the week 11% below its opening on Monday, Hess shares slid 12%, for a total loss over the past month of 24%. With high energy costs choking economic growth and demand for oil around the world, the A Unity International Group Company blush may at last be off Hess’ shares. www.UniDataIT.com [email protected] (718) 445-5600 (opt.2) charts: lindström bekka

4 | Crain’s New York Business | July 21, 2008 Project2 7/17/08 11:52 AM Page 1

It Takes Vision to Make History

Newmark Knight Frank congratulates

David A. Falk, Marc Leber, Jeffrey D. Roseman and Stephen J. Schofel

winners of the

Real Estate Board of New York’s 2007 Most Creative Retail Deal of the Year Award

for Walgreens’ return to

One Times Square The Ball Drops Here

This year’s Most Creative Retail Deal of the Year Award honors the team responsible for Walgreens’ return to the iconic One Times Square, former home of Walgreens from 1933 through 1961 and site of the famous New Year’s Eve ball. This 15-year lease for 117,000 square feet allows Walgreens to re-establish its dominating presence in New York City at one of the most visible and prominent locations in the world.

Newmark Knight Frank extends special thanks to the following individuals who played a significant role in this transaction: Jeffrey Katz and Fred Rosenberg of Sherwood Equities; Jeffrey C. Ackemann and J. Ben Gainey of Jamestown Properties; Kris Saam-McDonald and Patrick Tupa of Walgreens; and Patrick A. Smith and Hugh Kelly of Staubach Retail. CNYB 07-21-08 A 6 7/18/2008 4:34 PM Page 1

GVA Williams is pleased to announce that NEW YORK,NEW YORK edited by Valerie Block

Station tries stealth studios has renewed its ip-hop station Hot 97 has found a solution to its problems with occasional 500,000 sf lease at shootings outside its studios.The incidents happened when high-profile rappers Hlike Lil’ Kim (right) and 50 Cent (left) stopped by, and eventually led the station’s landlord to attempt an eviction a couple of years ago. This week, the station will christen a set of “secret studios” in Manhattan, far from Hot 300 Park Avenue 97’s well-known Hudson Street headquarters, to be used for shows with special guests. “Our address has been so prominent,” says Alex Cameron, Colgate was represented by the director of sales for Emmis New York, which also owns Kiss- following GVA Williams Advisors: FM and new rock station WRXP-FM.The new studios “give us more breathing space.” Brian Given Robert Freedman Mark Jaccom Marketers and media buyers will be visiting the secret Donald Lutt Michael Turrin studios for a lunchtime party on Tuesday, but Ms. Joyce Geiger Cameron is confident they’ll keep mum on the address. She asked Crain’s not to tell, either. The station is offering advertisers naming rights to a small performance space at the location, so that artists who see the brand might talk about it on-air. “Clients are looking for product integration,” Ms.

Cameron says. photos: getty images 380 Madison Avenue entertainment tastes. networks, uPlayMe expects to New York, NY 10017 Concert tour “There is Facebook fatigue; it make money from online ads. for girl fans requires a lot of effort to maintain your profile,” says Mr. Pelson. platinum-selling pop star “You don’t have to update what Hotel package Rihanna (below) is taking an you’re doing on uPlayMe.” includes luggage entrepreneurial turn with the The new social network tracks formation of a new music tour, what members listen to on Apple anecdotes about europeans Girls Night Out, aimed at 12- to iTunes or what videos they view coming to New York with empty 24-year-old female fans. on YouTube, making it easy to suitcases to fill on their shopping ws ne Like a Lilith Fair g find like-minded souls. Members sprees are only partly true. In r e for the tween b can purchase tracks via reality, many are not m o crowd, the concert o Amazon.com from the site and even bothering to bring

l tour will feature b share their faves. their suitcases. Long established the Girls Gone Bad Mr. Pelson, a serial The Marriott chanteuse and a entrepreneur who made a splash Marquis hotel in commitment roster of as-yet- when his Concrete Media sold its Times Square unnamed female pop Girls On site to Oxygen Media in says its gift shop Weiser LLP acts.The tour, which kicks off in 2000, says 1,000 people a day have sold $10,000 Certified Public Accountants spring 2009, will travel to 40 cities been downloading the application worth of and will include a line of concert- since it launched in May. luggage during based apparel, DVDs and CDs. The Manhattan-based startup the first half of The idea for the business grew has raised “a few” million dollars this year—the out of an earlier fundraising from Warner Music, Village most it has sold since it began to the concert for Rihanna’s The Believe Ventures and other angel investors, offering luggage two years ago. New York City New York Foundation for children. Girls Mr. Pelson says. Like other social “Sometimes we can’t keep it in 135 West 50th Street New York, NY 10020 business community Night Out is a partnership with stock,” says the shop manager Tel 212.812.7000 New York-based marketing firm Aracely Castillo, adding that 99% of Fax 212.375.6888 For nearly a century,Weiser has provided United Entertainment Group RED ALERT her buyers are from overseas. The Long Island accounting, tax, and consulting services, such and Live Nation, the concert WHEN CHINESE PIANIST Lang Samsonite pieces sell for an aver- 3000 Marcus Avenue as state and local tax planning, internal audit promoter that recently signed Lang performed in Central Park age of $180 a pop. Lake Success, NY 11042 outsourcing, and business restructuring, Madonna, Jay Z and Nickelback to with the New York Philharmonic Now, the Marriott chain is Tel 516.488.1200 to private clients and business enterprises, major recording deals. “This is a offering a special package in Fax 516.488.1238 last week, he wowed the including closely-held and emerging entities, big deal for us. The concert 63,000-strong crowd. Now, the several U.S. markets to further Westchester in a variety of industries including: market for young women is wide rare red Steinway Grand he entice these shoppers. Guests 660 White Plains Road open,” says Jarrod Moses, chief taking advantage of the Passport played is on the auction block at Suite 430 • Real estate executive of UEG. to New York City, for example, Tarrytown, NY 10591 • Manufacturing and distribution Langlang.com to raise money for will find an empty 21-inch Tel 914.333.0555 • Auto dealerships the American Red Cross China Fax 914.333.0556 wheeled American Tourister • Media and communication Facebook for Earthquake Relief Fund. Starting suitcase (above) in their room New Jersey • Banking at $165,000, bidding is open when they check in. Since its June 399 Thornall Street • Food and dairy music lovers through July 31. 10 launch, the deal has generated Edison, NJ 08837 • Health care a local entrepreneur thinks 78 room nights for the Times Tel 732.549.2800 • Financial services Fax 732.549.2898 he can take Mark Zuckerberg’s Square property alone, at rates • Professional services Facebook down a notch. Former ranging from $354 to $484 a day. www.weiserLLP.com • Not-for-Profit Warner Music Group executive Dan Pelson started uPlayMe so Contributors: Lisa Fickenscher, Matthew For more information, contact Douglas Phillips at 212.375.6701. people could friend each other Flamm, Amanda Fung, Samantha

based on their music and chris lee Marshall

6 | Crain’s New York Business | July 21, 2008 CN012181 7/3/08 3:49 PM Page 1

Chad Harris’ Small Business Moment On January 12th, 2008, Chad Harris boldly seized his moment with AT&T Small Business Solutions. From a wind-whipped jobsite on the outskirts of civilization, he heard about a landscaping gig in need of a crew. Using his smartphone he checked inventory at the nursery, got pricing from the office and submitted his bid before the competition could. He won the job that day. Pay dirt.

Seize your moment with AT&T Exclusively Business. Get 24/7/365 enhanced small business support plus exclusive discounts on voice and data services. Learn more from a dedicated small business specialist.

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Construction Authority’s cutbacks cies kick in. The Department of may be covered in the short term Parks & Recreation is one group Fight brewing over spending cuts with money not spent in previous that usually bears the brunt in hard budgets. Nearly $800 million that times.The department has also em- Continued from Page 1 bilitation work on highways and with the Campaign for Fiscal Equi- went unspent in fiscal 2005 is still barked on a program to build eight strategy aimed at reducing city- bridges. ty, which has been fighting for available to the authority. large parks in the city. Work on the funded capital spending by $5.1 bil- “Those projects are tough to decades for increased education first, McCarren Park in Brooklyn, is lion through 2012. cut,” says Richard Anderson, presi- funding. Tough cuts set to begin in early 2009. The capital spending cuts are dent of the New York Building The campaign declined to com- cuts will also be difficult to make But Sheelah Feinberg, a spokes- supposed to be made across the Congress. “They can be stretched, ment until more is known about at the Department of Environmen- woman for New Yorkers for Parks, board, but some agencies will in- but you may not want to because of how specific projects will be af- tal Protection. About 60% of DEP says postponing projects will “put evitably face deeper cuts as strategic that federal matching money.” fected. projects slated for this year are man- the city’s parks renaissance at risk.” priorities become clear and political Another flashpoint in the debate Already, building groups are dated by the state or federal govern- She believes that of the eight parks, realities set in.At a time when many over capital spending is likely to concerned that rising costs are tak- ment.They include the Croton Wa- Staten Island’s Fresh Kills Park, agencies are already struggling center on the School Construction ing a bite out of new school con- ter Filtration Plant under Van where the community has opposed against a weakening economy and Authority, which has been asked by struction. According to a study by Cortlandt Park in the Bronx. The early plans, is most likely to be de- rising costs to keep their projects on the city to push $250 million from the Independent Budget Office this city plans to spend $250 million in layed. track, any inequality in how the cuts fiscal 2009 to later years. The au- spring,the costs on school construc- fiscal 2009 on the project, which is Nonetheless, delaying projects are applied is sure to kindle a con- thority’s five-year,$14.8 billion cap- tion projects have grown 28.5% behind schedule and billions of dol- may be just a sign of things to come. tentious debate. ital budget is financed equally by the since 2004,while the time needed to lars over budget. Kathryn Wylde, president of the Undoubtedly, projects that are state and city. complete them has increased by six “If it’s going to be built, I want it Partnership for New York City, says mandated by the state or federal months. done already,” says Bronx Assem- that as the pain on Wall Street con- government or rely upon matching Impending delays Those inflationary pressures and blyman Jeffrey Dinowitz, who op- tinues to spread, “we’re going to be funds are less likely to be delayed. if those cuts come to pass, it the strategic needs of the city will posed the project from the begin- cutting a lot more than our capital The city’s Department of Trans- would probably mean delaying re- mean that some areas will see reduc- ning. budget.” portation, for example, stands to pairs to existing buildings or post- tions far greater than 20%, says Mr. If cuts prove difficult to carve out collect roughly $500 million this poning new school construction Anderson. in these areas, the city could look to COMMENTS? year from outside sources for reha- projects. That is unlikely to sit well To be sure, most of the School increase the percentage other agen- [email protected]

tyShark a higher profile with con- sumers.The site will continue to fo- Real estate Web site battle intensifies cus on the brokerage community and real estate investors. Continued from Page 1 PropertyShark has been profitable feeds from brokerages and accepts since it was founded in 2003,accord- submissions from brokers. ing to Mr. Staniford. Revenues so far “We provide search by things like this year are more than $3 million— zones and elementary schools,” says triple the amount in all of 2006. StreetEasy CEO Michael Smith, Membership has doubled since Janu- who isn’t concerned about Proper- ary 2007,to more than 400,000.Most tyShark’s entrance into the market. of the site’s revenues come from sub- “No other tool does that.” scriptions, which range from $19.95 ResidentialNYC boasts exclu- a month for limited data access to sive listings that are updated every RECESSION PROOF? These real estate sites report robust growth, despite the housing crunch and economic woes. $1,100 a year for full access. Major 24 hours from 75 brokerage firms, brokerages buy corporate subscrip- which pay a $100 annual member- tions. PropertyShark also conducts ship fee. Regardless of which site provides doubled traffic from a year ago, at- Additionally, newer sites like training sessions, for a fee. “The people who run Residen- the most comprehensive and reli- tracting about 4.5 million page Propertyqube.com, which com- Several members requested the tialNYC are the people out there able listings, traffic to Residential- views and 250,000 unique visitors a bines residential listings and social residential listing service so that selling property every day—it has a NYC and StreetEasy has ballooned month in 2008.The firm,which has networking, have gained traction. they could easily view properties real feel,” says REBNY President in the past year. Both attribute the raised $3 million in venture funding, The site, introduced in May, has without having to leave Proper- Steven Spinola.He adds that,unlike surge to the uniqueness of New York does not disclose financials. 10,000 members and expects to tyShark.com “Listings are a com- StreetEasy, its listings lead directly City and say that, though transac- reach 25,000 by the end of the year, modity,”Mr.Staniford says.“For us, to brokers’ Web sites. tions are down, consumers still de- Consumer cachet says co-founder David Bethony. it’s an extension of the business. We PropertyShark’s service will also mand their real estate data. residentialnyc, which launched in Mr. Staniford doesn’t anticipate are already generating revenue.” take users to brokerage Web sites, StreetEasy, which generates October, says it is getting about the residential service to be a cash according to Mr. Staniford. most of its revenues from ads, has 85,000 page views a day. cow, though it will give Proper- COMMENTS? [email protected]

task will be running the 1,600-seat team’s new home. New projects fill Meyer’s plate Sterling Club, a premium ticket- “We are giving our fans better- holder area behind home plate quality food,” says Mr. Wilpon. He where USHG will operate five sep- is hoping that, in return, fans and Continued from Page 2 restaurant concepts. be tested more than in Flushing, arate upscale restaurants and companies alike will be so impressed he is also spreading his wings geo- For a company that in the past Queens, at Citi Field. There, lounges. Managing all that at arm’s that they will book parties and graphically.Next year he will open a has given birth to new restaurants at USHG will work with Philadel- length will be the hard part. events at Citi Field even on days restaurant in Greenwich, Conn.— the leisurely rate of one every two phia-based food service conglomer- “We have to work hand-in-hand when the team is nowhere near the the first of several planned for out- years or so, the new game plan rep- ate Aramark, which holds a 30-year with Aramark to make sure our cul- place. side the city. At the same time, he is resents a huge quickening of the agreement to handle the food oper- ture succeeds,” says David Swing- Meanwhile, Mr. Swinghamer moving into the mass market. Two pace. ations at the ballpark. hamer, president of the growth will be overseeing the opening of weeks ago, he signed a deal to feed Aramark will hire all the food division. more Blue Smoke and Shake Shack fans at the Mets’ new home at Citi Demanding schedule service staff—including all the restaurants at the expected rate of Field, beginning next spring. “the challenge is going to be managers—who will work at the High-stakes game one each per year.The second Shake To pull all this off,Mr.Meyer has whether [the company] can main- eateries overseen by Mr. Meyer’s if ushg hits a home run at Citi Shack will debut on Manhattan’s reorganized his company into three tain its level of control and its high new Hudson Yards Sports & Enter- Field, however, the payoff could be Upper West Side this year. new divisions. His well-regarded standards,” says Stephen Zagor, di- tainment unit. What’s more, those not just a tidy profit but more such Next up will be the eatery in upscale restaurants—Gramercy rector of management programs at workers will almost surely work un- deals at other ballparks. Greenwich, which will be officially Tavern, Eleven Madison Park and The Institute of Culinary Educa- der a union contract, as they do at “People are used to spending a lot dubbed the Blue Smoke Chop The Modern—are now part of the tion. “It’s a lot of growth in a short Shea Stadium. Working with union of money on food when they go to House. core restaurant division. Industry period of time.” employees will itself represent an- the ballpark,”says Carl Sacks,direc- Mr. Meyer is also open to other experts estimate that unit generated It’s a problem that Mr.Meyer in- other major departure for USHG, tor of consulting for Catersource, a possibilities. more than $70 million in revenues sists he became keenly aware of two whose 1,600 employees have never trade organization. “This is a very “When there’s an opportunity last year. A growth division consists years ago.That is when he set up the been unionized. lucrative opportunity for USHG.” that allows me or any of my col- of the company’s two casual dining catering division and decided to try At Citi Field, the company will Happily for the company,it has a leagues to pursue our passions and spots, Blue Smoke and Shake to expand his casual dining spots. manage and operate Blue Smoke fan in high places: none other than make money, we will entertain it,” Shack—both of which will be “Under the previous structure, I and Shake Shack stands on the con- New York Mets Chief Operating he says. cloned—as well as Hudson Yards couldn’t grow the businesses we had course as well as two new eateries: a Officer Jeff Wilpon. He is counting Catering. Lastly, a whole new unit chosen to expand,” says Mr. Meyer. taqueria and one serving Belgian- on Mr. Meyer to substantially raise COMMENTS? oversees development of new Nowhere will that new structure style fries. The company’s biggest the culinary bar and revenues at his [email protected]

8 | Crain’s New York Business | July 21, 2008 CNYB 07-21-08 A 9 7/18/2008 3:08 PM Page 1

New Yorker insists on relevance

Continued from Page 1 it has become a hot read and nick says that defending the cover has a booming Web site. on TV was not his idea of fun, the In addition, The New magazine came away with what can Yorker faces an ad market- only be considered a prize for any place pressured by the Inter- media property: Jon Stewart devot- net to invest in narrowly ed most of a Daily Show to defend- targeted media. Some mar- ing it and mocking the negative cov- keters say that the problem erage. isn’t with the publishers but “People were talking about The with the magazine’s general New Yorker more in the past three interest identity. days than in the last two years,” says “There are very few ad- Mark Edmiston, a managing direc- vertisers that have to buy tor at investment banking firm Ad- The New Yorker,” says Barry Media Partners. Lowenthal, president of ad The New Yorker has been a hard agency the Media Kitchen. business to run for most of its time as a Condé Nast property. Acquired More readers in 1985, it ate up a reported $200 mr. schutte, who says he’s million before getting into the black working to convince adver- in 2002. Earnings were $15 million tisers otherwise, has created in 2004. a presentation focusing on buck ennis Mr.Remnick,editor since 1998, PUBLISHER DREW SCHUTTE is pitching advertisers on the magazine’s ability to and then-publisher David Carey the magazine’s ability to shape opinion. shape the national conver- receive much of the credit for the sation. turnaround. Mr. Remnick pro- “When I have readers in duced a high-quality magazine not be reached for comment. the East Village telling me it’s their without the overspending for Insiders say that The New Yorker bible,and politicians in Washington which his flamboyant predecessor, is still profitable. Rate card-report- telling me it’s their bible, I know I Tina Brown, was renowned. And ed ad revenue rose 11% in 2007 from have something special,” he says. Mr. Carey grew circulation by 28% 2006, to $226 million, according to Mr. Schutte points out that the during his tenure, to 925,000 Publishers Information Bureau. It circulation rate base—the number copies, which made ad pages more was down 15% in first-half 2008 of copies guaranteed to advertis- expensive. compared with the year-earlier pe- ers—just rose again, by 25,000, to 1 riod, to $80 million. million. He also notes that ad pages Innovative programs The appointment in January of are flat this month with last July and mr. carey and his team also came Mr. Schutte, who was publisher of will be up in August. up with innovative programs,includ- Wired, was welcomed by New York- The publisher aims to invigorate ing The New Yorker’s first single-ad- er loyalists, but observers say that he a nearly static Web site with vertiser issue, featuring Target, in can’t stop the bleeding overnight. newsletters, mobile phone alerts 2005. “The New Yorker is a very unusu- and content that takes advantage of Later that year,Mr.Carey left to al and rather unique publication,” a national readership. “Goings on launch Condé Nast Portfolio. Louis says Beth Fidoten, director of print about Town” listings might be of- Cona, publisher of Vanity Fair, at media buying agency Initiative. fered for other cities. took over, and the magazine lost “It takes a while for a new team to Other incendiary covers may be steam. absorb that.” part of the package—or maybe not. Mr. Cona, whose expertise was Mr. Schutte must also contend “I’m not interested in noise just in fashion advertising, was seen by with more competition. The Econo- for the sake of it,”Mr.Remnick says. some as a poor fit for a title that re- mist has shown steady growth, with “That’s not what we do here.” quired a passionate champion with ad pages up 5% so far this year. Ad a feel for its idiosyncrasies.He could pages for New York are down 2%,but [email protected] Celebrity affiliations float gym

Continued from Page 3 Chief Executive Carl New York gyms to scale back on ex- Liebert. “He stands for a pansion plans, according to real es- lot of things we aspire to tate brokers. do.” “[Gyms] are proceeding more Though fees at its clubs cautiously because of the economy,” are on the steep side— says Robin Abrams, a Lansco Corp. from $109 to $129 a broker and chairwoman of the Real month in the city—24 Estate Board of New York’s retail Hour Fitness differenti- committee.“For a long time, people ates itself from traditional bought memberships whether they gyms with its celebrity and went or not, and now the public is Olympic affiliations, as looking at how it spends its money well as with product place- and is looking for more value.” ments on such programs as But 24 Hour Fitness appears un- NBC’s The Biggest Loser. daunted. Equinox Fitness—the city’s second-largest ALL HOURS: 24 Star strategy health club operator, after Hour Fitness’ fees the strategy of connecting its New York Sports Clubs— are on the steep side: $109-$129 clubs with popular athletes like Mr. also maintains that busi- a month. Jeter, Lance Armstrong and Andre ness is still booming. catherine gibbons catherine Agassi gives the company, based in Equinox, which has 18 San Ramon, Calif., an edge. It plans New York City locations, caters to “A lot of our members would to open two more Derek Jeter clubs more affluent clients, who pay $139 sooner cut out a meal at a restaurant in the city by the beginning of next to $170 a month. than their gym membership,” Mr. year and has more than 700 mem- Scott Rosen, chief operating of- Rosen says. bers at the first location. ficer at Equinox,declined to provide “Derek has a loyal following in current membership numbers but COMMENTS? Manhattan,” says 24 Hour Fitness says that they far exceed last year’s. [email protected] CNYB 07-21-08 A 10 7/17/2008 7:21 PM Page 1

VIEWPOINT Let St. Vincent’s plan proceed editor in chief Rance Crain publisher, vp Jill R. Kaplan

he landmarks Preservation Commission To mollify critics who say that the new hospital would be EDITORIAL has held several hearings on St. Vincent out of scale with the village, St. Vincent’s reduced the editor Greg David managing editor Robert Hordt Hospital’s plan to build a new complex in structure’s height by 30 feet and its width by 40 feet.The deputy managing editors Valerie Block, Greenwich Village.The hospital and its Rudins pared down the condo building similarly and agreed Erik Ipsen contributing editors partner, the Rudin family, have downsized to preserve four of the nine structures they had planned to Frederick P. Gabriel Jr., Elizabeth MacBride their proposal in response to community demolish. columnist Alair Townsend senior reporters Theresa Agovino, concerns. Yet activists in Greenwich These are significant concessions and have won the Aaron Elstein, Erik Engquist, Lisa Fickenscher, Village continue to insist—without any evidence—that support of the most important elected officials representing Matthew Flamm, Samantha Marshall, there must be a better way to build the facility. the area, including City Council Speaker Christine Quinn Miriam Kreinin Souccar T reporters Barbara Benson, Amanda Fung, It’s time for the commission to give this vitally needed and Manhattan Borough President Scott Stringer.They Daniel Massey, Adrianne Pasquarelli, Hilary Potkewitz, Gale Scott, Matthew Sollars hospital the go-ahead.Though it is charged with preserving recognize the need, and they understand that the Rudin restaurant critic Bob Lape the past, the commission must also consider today’s project provides St. Vincent’s with the money required to art director Steven Krupinski deputy art directors Carolyn McClain, economic realities and the needs of a growing city. build a facility that’s projected to cost more than Daniel Mednick St. Vincent’s only recently emerged from the longest and $800 million. staff photographer Buck Ennis copy desk chief Wendy Zuckerman costliest hospital Opponents copy editors Michele Arboit, bankruptcy in continue to claim Thaddeus Rutkowski It will be the research editor Denise Southwood New York state that there must be www.crainsnewyork.com history. Its finances primary hospital alternatives for St. web producers Kira Bindrim, are in better shape Vincent’s but fail to Elisabeth Butler Cordova now, but the for the growing offer any reasonable EDITORIAL AND ADVERTISING OFFICES 711 Third Ave., New York, NY 10017-5806 hospital will thrive West Side suggestions.The editorial: 212.210.0277 Fax 212.210.0799 advertising: 212.210.0259 only if it can build extreme and elitist Cable craincom nyk a modern, efficient views many of them Fax 212.210.0499 Entire contents ©copyright 2008 Crain health care center. hold were on display Communications Inc. All rights reserved. The city needs getty images when celebrities ®CityBusiness is a registered trademark of MCP Inc., used under license agreement. St. Vincent’s, which will serve as both the primary hospital Susan Sarandon and Tim Robbins spoke in opposition to TO SUBSCRIBE: and an advanced trauma center for downtown and the the hospital at a landmarks hearing by denigrating its care Call 888.909.9111; fax 313.446.6777. $3.00 a copy, $59.79 one year, $109.79 two years. West Side. and cleanliness.They seemed to have missed the irony in www.crainsnewyork.com

Under the original plan, St. Vincent’s would sell most of their statements: It is extremely difficult to maintain an ADVERTISING AND MARKETING its current facility to the Rudin family, which would build a outmoded facility. advertising director Jeff Adler luxury condominium tower and row of townhouses on the Only St. Vincent’s and the Rudins know whether more senior account manager William E. Squitieri property. With the money from the sale, St. Vincent would compromises are financially possible.The project must still account executives build a 329-foot, 21-story medical tower on the site of one of navigate the city’s zoning process. None of that will happen Andrew Carlin, Irene Irvill, Courtney McCombs, Anthony Mowad its other structures, the O’Toole Building.The landmarks until the landmarks commission shows the courage to act on western account manager commission, unfortunately, decided that O’Toole has the city’s important needs and grant St. Vincent’s the waiver Ellen Mazen (Los Angeles) 323.370.2477 sales manager, classified architectural significance.The only way St. Vincent’s can it deserves. print & online John Gallagher demolish it and proceed with its plan is to get a waiver from newsletter product manager Catherine Evans Gittens the commission based on economic hardship. COMMENTS? [email protected] sales coordinator, print & online Lulé Haznedari sales coordinator Anita Perrino credit Todd J. Masura 313.446.6097 marketing director Amy Crossman marketing manager Jill H. Bottomley LETTERS TO THE EDITOR marketing coordinator Jenny Mashberg circulation manager Andrea Richardson assistant circulation manager Rosalie Ford general manager, interactive Building based on old numbers Marc Minardo NEW YORK PRODUCTION production and pre-press director FORGET THE PROTESTS; POLL COMMENTS man, whom they could never have MOST OF THE PEOPLE who read The Michael Corsi LOOK AT THE BOOKS imagined being in such a position. New Yorker are intelligent enough advertising production manager THE NEW YORKER COVER is a leroy henderson to understand the satire.The rest Marilyn DeMilta having spent 25 years in the reminder of why there is a wouldn’t have even noticed the PUBLISHED BY CRAIN COMMUNICATIONS INC. hotel business here in NYC, I’m collective holding of the breath as IF ANYONE HAS DIFFICULTY seeing cover if the media hadn’t made it a chairman Keith E. Crain always glad to see Crain’s cover Americans wait to see just how how disgusting that cover is, they story. It’s a sad day when satirists president Rance Crain the second-most important much vicious hostility against need to pick their own ethnic must either explain or censor their secretary Merrilee Crain industry of our great city. Barack Obama emerges. group and mentally construct an work. Sad not only for the satirist treasurer Mary Kay Crain executive vp, operations William Morrow However, “Hotel boom sparks analogous cover. but the public. senior vp, group publisher Gloria Scoby community backlash” ( July 14) NOTWITHSTANDING The New Yorker’s david arnow alexia tate group vp, technology, circulation, erred by highlighting the 227 attempt to rationalize such an manufacturing Robert C. Adams hotels that are planned without irresponsible choice for its cover, vice president/production & addressing the fact that only a the visual impact of such an image manufacturing David Kamis fraction of them are has the potential for WHAT’S COMING UP IN CRAIN’S? chief information officer Paul Dalpiaz corporate circulation director economically viable due to the communicating a very negative Patrick Sheposh capital markets crunch and costs message.There is the danger that Real Business Small of construction. it will provide reinforcement for estate of sports business founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. bruce blum the vast number of people who are report report awards (1911-1996) Partner looking for anything to justify July 28 August 4 August 11 Chartres Lodging Group their hostility toward this black

10 | Crain’s New York Business | July 21, 2008 CNYB 07-21-08 A 11 7/17/2008 7:23 PM Page 1

step of the way and vowed never to work in the city again. That’s when the DA decided to take on the Mob. There were many fronts in the effort, none more dramatic than the battle to eradicate the stink in the garbage business.Mr.Morgenthau’s opportunity came when BFI, then one of the nation’s largest trash haulers, tried to enter the New York market without knowing what it was getting into. The DA sum- moned its CEO, William Ruck- elshaus of Watergate fame, and told him the only way he would succeed was by helping the prosecutors. Mr. Ruckelshaus agreed. Mr. Morgenthau went to see Citibank boss John Reed,imploring him to help.Mr.Reed,like too many New York executives, wasn’t tough enough to take on the Mob. But the Alabama Pension Fund, which had Small space for recently purchased 55 Water St., had more courage and allowed the companies that think big. DA to install his men there.Threats, john h.john howard (1,700sf to 10,600sf) confrontations and many wiretaps later, the cartel crumbled. In addition to the Mob, the Manhattan DA has attacked mon- Morgenthau’s ey laundering in the BCCI case and corporate plundering at Tyco. Given the city’s enormous role in the national economy, the Manhat- legacy for NY tan DA and the U.S. Attorney for the Southern District may be the n the 1990s, the Mob maintained a stranglehold over two most important prosecutors in business in New York City.It tyrannized the garment dis- the country. Much will depend on trict by controlling the trucking companies that served who succeeds Mr. Morgenthau— and there’s the rub. apparel companies. It overcharged New York City busi- There are seven likely candi- nesses by half a billion a year through its manipulation of dates for the 2009 race. Leslie the commercial trash business.Its domination of the Javits Cen- Crocker Snyder is a problematic I candidate at best because her major ter hamstrung the city’s efforts to attract conventions. promise four years ago was to de- emphasize white collar and busi- Today,thanks in large He certainly de- ness-related investigations. How- part to Manhattan Dis- serves his share of the ever, given Mr. Morgenthau’s age trict Attorney Robert credit—with Rudy and the fact that The New York Morgenthau, organized Giuliani, Bill Bratton, Times is already in her camp, an up- crime is long gone from Michael Bloomberg set is more than possible. those businesses and in and Ray Kelly—for vi- A better successor to Mr. Mor- retreat from many oth- olent crime’s enormous genthau is likely to emerge from the ers. No public servant decline. Another of his other six—but three of them aren’t over the past three great contributions was running because Mr. Morgenthau decades can equal Mr. making New York a says he is, and three have declared Morgenthau’s incor- good place for honest they will drop out of the race if he ruptibility or his ac- GREG businesses again. doesn’t. complishments,which is DAVID As Mr. Morgenthau The question for Mr. Morgen- precisely why it’s time for tells the story, a friend thau now is what he wants his final the 89-year-old DA to renovating the Rain- legacy to be. announce he will not be a candidate bow Room in the 1990s complained for re-election in 2009. that he had been shaken down every COMMENTS? [email protected]

CRAIN’S ONLINE POLL SHOULD BARACK OBAMA HAVE OBJECTED TO THE NEW YORKER COVER DEPICTING HIM AS A TERRORIST?

Number of respondents: 507 No. Nobody Date of poll: July 14 would ever .28% 10%. interpret that 140 BROADWAY. WHERE GREAT BUSINESS BELONGS. Yes. Though intended to be cover at face satire, the cover could be value misconstrued as a realistic 140 Broadway has prestigious space for companies that depiction of the Obamas 27%. No. Mr. Obama appreciate the importance of being in an extraordinary Yes. The cover should have been and his handlers building. There are both pre-built and unfinished spaces explained as the magazine’s attempt to .35% need to develop a available. You'll enjoy great views, an easy commute and poke fun at the conservative right’s sense of humor— the envy of your competitors. Contact us today. efforts to discredit Mr. Obama or a thicker skin

www.140bway.com For readers’ comments, see Letters to the Editor on Page 10. ROBERT A. CONSTABLE 212.709.0770 LOUIS D’AVANZO 212.841.7688 exclusive leasing agent WILLARD OVERLOCK 212.709.0761 property management CNYB 07-21-08 A 12 7/18/2008 11:22 AM Page 1

specifications outlined by the “taxi of the future” committee assembled by the administration. TRANSIT Program to nowhere THE INSIDER BUS AND SUBWAY RIDERS have been able to sign up for automatic S.I. flashback replenishment of their MetroCards since at least January 2007, when the by Erik Engquist and Matthew Sollars option was announced in a press release. But only 7,396 of 3 million daily to the ’90s bus and subway riders—0.2%—have done so. In contrast, virtually all E-ZPass accounts are automatically refilled. guy molinari says that he is New York City Transit’s EasyPayXPress has been marketed mostly to the considering a run at the borough system’s 87,000 express bus riders, but their Cab drivers ditch hybrid bandwagon president’s seat in 2009. Mr. participation rate is just 4%. A spokesman says Molinari, who served as borough the agency is promoting the program more ayor michael bloomberg might believe that president from 1990 through 2001, aggressively to all riders, to cut down on lines at taxicab owners will be buying only hybrid vehicles in says his pitch to Staten Islanders vending machines, and to reduce the cost of would be “more of the same as what servicing the machines and their users. the future, but the industry isn’t so I’ve given them.” M The agency, which lowered the minimum buy- The contest had looked as if it sure. in to $40 from $50 this month, says participation has nearly tripled in the The mayor announced last week that would be between two councilmen, Republican James Oddo and past 15 months. About 2,800 users have been added since March. the city had reached a deal with three Democrat Michael McMahon. But Senior citizens got the first automatic MetroCard replenishment program automakers to provide 300 hybrid Mr. McMahon has jumped into the because many couldn’t descend stairs to use the vending machines. Their race to fill Rep. Vito Fossella’s seat. participation also failed to meet expectations for years but has increased to taxis a month to fleet owners, 84,000 users from 51,000 since February 2005, when the program’s name who in October may only buy was changed from Mail-N-Ride. vehicles that get at least 25 miles Deal denied a gallon.The Taxi and Limousine in D.A. race Commission challenging the incumbent, says her consultant who was working for requires that most bloomberg news cyrus vance jr. has raised more campaign has more than $270,000 Columbia. taxis be replaced after three years. than $770,000 since January for his on hand. The court agreed with Tuck-It- Manhattan district attorney Away Storage owner Nicholas The guaranteed monthly supply few weeks.” campaign. Robert Morgenthau, who Sprayregen that ESDC created a of hybrids consists of 200 Nissan Critics complain that the has held the job since 1974, has Sweeping change conflict of interest by retaining Alee Altimas, 50 Chevrolet Malibus and smaller cabs are uncomfortable and raised $600,000 to keep it in 2009. being studied King Rosen & Fleming to conduct a 50 Ford Escapes. Industry unsafe, will break down under But the Morgenthau camp is study of properties in the project’s representatives are particularly heavy use, and will be expensive annoyed by rumors that the D.A. the city is using the suspensions footprint, because Columbia was concerned about the Altima and and time-consuming to service. would endorse Mr. Vance if he of alternate-side parking in using the firm to help secure the Malibu, which have not been Vincent Sapone, managing director decides not to seek a 10th term. brownstone Brooklyn to study the government approvals for the thoroughly tested to see if they can of the League of Mutual Taxi Mr. Morgenthau’s spokesman effect of parking rules on driving. expansion.The study needed to withstand the rigors of cab use. Owners, which represents 4,800 reiterated that the D.A. is running Traffic counters will help determine show blight for the properties to be “Together, they comprise less drivers, adds that a domestic model for re-election, “but even if he if forcing people to move their cars condemned through eminent than one quarter of 1% of all would be preferable to the Altima. wasn’t, no one should presume that leads them to drive to work. Drivers domain, without which the school taxicabs,” says Ronald Sherman, Taxi industry leaders are seeking he is endorsing Cy Vance.” Rumors are also being surveyed. couldn’t proceed. president of the Metropolitan legislation to push back the start of a deal are “simply not true,” the Since the defeat of congestion The ruling doesn’t discard the Taxicab Board of Trade. “None date of the rule.They say the mayor spokesman says. fees, the Department of Transportation study.The court has merely ordered have been operating for more than should have waited for a carmaker Meanwhile, Leslie Crocker Snyder, has been mulling other ways to the release of documents requested a few months—the Malibu, just a to produce a model that meets the only candidate committed to discourage driving. But the by Mr. Sprayregen that concern Department of Sanitation usually resists communications between reductions in street-sweeping. Columbia, ESDC and the firm. ESDC says that nearly all the documents had been released Columbia foe’s before Tuesday’s ruling. favorable ruling But the key is the court’s finding of “an inherent conflict in [Alee the business owner fighting King] serving two masters,” Mr. Columbia University’s Manhattanville Sprayregen says. “This puts a cloud expansion says a court ruling last over the blight study. It raises issues week represents a major victory of bias. We intend to attack the against the plan and the state. validity of the blight study. The Empire State Development Without that study, there is no Corp. disagrees, but the Appellate eminent domain.” Division ruling is at the very least a ESDC has not decided whether rebuke of ESDC’s hiring of a it will appeal.

THE LEADING MAYORAL CANDIDATES are well on their way toward raising enough money to be able to spend the maximum 2009THE RACE TO SUCCEED $6.2 million in the Democratic primary in September 2009. But Comptroller William Thompson (below) is blowing through so much dough now in MIKE his fundraising effort that he could find himself hamstrung next year. Under campaign finance law, spending this year reduces what candidates can spend next year. Thompson has burned through about 21% of what he has raised, compared with the less than 10% spent by City Council Speaker Christine Quinn and Rep. Anthony Weiner. “Billy Thompson is spending money like crazy,” one Democratic consultant says. Brooklyn Borough President Marty Markowitz could also have problems. He has been the least efficient fundraiser, spending 44% of the $935,116 he has taken in. bloomberg news

12 | Crain’s New York Business | July 21, 2008 CNYB 07-21-08 A 13 7/17/2008 5:58 PM Page 1

SMALL BUSINESS

be a catalyst to print,”says Mr.S’Dao. Since its inception in May, For- Baby gift entrepreneur ever Baby Book has attracted 1,100 visitors. Mr. S’Dao says he expects that number to grow to 300,000 by finds photo op with Kodak the end of 2009, with revenues reaching $10 million.

in May Mr. S’Dao launched Forever digital age. That was the key to the Ad deals Forever Baby Book Baby Book,inviting Web-savvy new success of Mr. S’Dao’s cold call: He silly phillie is also working on offers online albums; parents to upload their baby’s pho- hit one of Kodak’s sweet spots. AT A GLANCE advertising arrangements with tos,create an electronic scrapbook to In 2008,only 25% of photographs baby product manufacturers like will parents want to be shared with family and friends, taken were printed,according to data Pampers, Gerber and Johnson & and print a keepsake copy. from Kodak, which is trying to lure SILLY PHILLIE Johnson. pay for printing? “It’s the Myspace of baby people to print more often. CREATIONS INC. The popularity of photo-sharing books,” notes Mr. S’Dao, echoing a “People now need a compelling services has been on the rise. The EMPLOYEES 28 BY KERRY MURTHA line he used to sell Kodak on the reason to print their photos,” says two top services,Facebook.com and idea. Part of the concept of the site Mr. Lauer, vice president of busi- STOREFRONT LOCATION Photobucket.com, have increased ichard s’dao still is that it will enable parents to cre- ness development at Kodak. “Life- Brooklyn Army Terminal, the visitors to their sites by around shakes his head in ate a far-flung community around time events like weddings, gradua- Sunset Park 10% over the past year, according to amazement that his their babies. tions and births give people that NEW WEB SITE comScore Media Metrix, an online cold call actually reason.” www.foreverbabybook.com measurement company. worked. Not a big operation The Web site is owned by the However, those services aim to RThe owner of an online baby-gift kodak and silly phillie may seem S’Daos, but Kodak has the exclusive PRICE RANGE Free for online reach a much larger audience. Ana- business, Silly Phillie Creations an unlikely pair. Mr. S’Dao started rights to revenue from the prints. scrapbook, $30 to $40 for album lysts caution that when targeting a Inc., Mr. S’Dao needed a partner to his business 20 years ago, putting a Yet the site faces considerable chal- to hold printed pages specific group like new parents, a help launch a baby-photo scrap- Madison Avenue career behind lenges. company’s window of opportunity is booking site.When it comes to pho- him to work with his wife, Phyllis. The scrapbooks, which remain limited to one or two years and re- tos, what name springs to mind? They have a small shop in the online once created, are free. The country for around $40.Each album peat business isn’t guaranteed. Kodak. Brooklyn Army Terminal in Sunset revenue stream for Kodak depends includes an invitation to visit the “This is really a niche market,” His first call yielded a name,John Park. Six years ago, they added an on people printing the pages,and for Web site and an offer to have Kodak says Ron Glaz, an analyst for IDC, Lauer; his second, an invitation online site, upgraded the gifts and the the S’Daos, on people buying an print the first five pages of photos a technology consultancy. “They from Mr. Lauer to pitch the idea at watched sales grow to about $3 mil- album to hold them. for free. Users are charged a fee to will have to continually work at gen- a trade show in Las Vegas.Within a lion a year. The albums are available online print additional pages as well as to erating market interest to turn a week, Mr. S’Dao had a $1 million Kodak, of course, is a $10 billion for around $30, but they are also be- print individual photos. profit.” seed-money commitment. photo giant that in recent years has ing sold through 200 hospital gift “We’re hoping that once parents With technical help from Kodak, struggled to restructure itself for the shops and other retailers around the have that album in their hands,it will COMMENTS? [email protected]

July 21, 2008 | Crain’s New York Business | 13 CNYB 07-21-08 A 14 7/18/2008 2:26 PM Page 1

WEEK IN REVIEW For daily news updates, go to www.crainsnewyork.com

ECONOMIC SPOTLIGHT YouTube holds IDs google-owned YouTube.com will withhold users’ identities and personal information when it provides viewership records to Viacom Inc. for a $1 billion copyright infringement lawsuit. Viacom and other copyright holders have charged YouTube with copyright violation for allowing protected content on its site. Weinstein’s deal the weinstein co. signed an exclusive, seven-year deal to funnel its movies to CBS Corp.’s premium cable channel Showtime. The pact, which starts in 2009 and includes 95 films, will help Merrill scraps WTC plans Showtime recoup programming MERRILL LYNCH & CO. broke off talks with real estate lost after Paramount Pictures, MGM and Lionsgate pulled their developer SILVERSTEIN PROPERTIES INC. about relocating its 2Q 2Q 2Q 2Q 2Q movies to start a separate premium 2004 2005 2006 2007 2008 headquarters to a new skyscraper at the WORLD TRADE cable channel. CENTER site. The decision, a setback for both Silverstein and site owner Port Authority of New York and New Jersey, came as City new shoot Economy Watch Merrill announced a $4.7 billion second-quarter loss. To raise the city’s film office revised its capital, the bank agreed to sell its 20% stake in Bloomberg LP production rules. Moviemakers With the first of the Wall Street layoffs showing up, the city’s jobless rate must obtain permits and at least rose in June, and the total number of jobs declined. back to the financial data company for $4.4 billion. $1 million in insurance if they take MAY ’08 JUNE ’08 COMPARISON over a lane of traffic, leave less than eight feet of open space on a NY area inflation change +1.0% 1 +1.0% +4.5% cash to continue operations for sidewalk or use props, sets, lights NYC unemployment rate 5.2% 5.4% 5.5%2 Giants fans another year and hopes to and dolly tracks. NYC employment change -300 -1,000 +12,7003 pay giant price establish a Business Improvement District for the neighborhood. 1-NY area inflation change for the latest 12-month period. 2-U.S. unemployment rate for the lat- est month. 3-NYC employment change year to date. the new york giants will raise The organization started two years Top executive $371 million by charging fans for ago to help rebuild the area’s leaving Newsweek the right to purchase season economy after Sept. 11. NYC Hotel Stats Broadway Stats tickets at its new $1.6 billion greg osberg, longtime president stadium.The seat licenses range in and worldwide publisher of Average occupancy and room rate For the season through 7/13, Broad- price from $1,000 to $20,000. Post, Daily News Newsweek, said he will leave the rose in May, PKF Consulting data way attendance and ticket sales lagged Proceeds will go toward may collaborate magazine in the fall.The move is show, continuing to rebound after about 2% below the level of last year, construction of the new stadium, the latest blow to Newsweek, the typical drop at the start of the despite a nearly 6% increase in playing set to open in 2010. the new york post and the Daily which earlier this year had to buy year. Year-to-date averages topped weeks, according to The League of News are reportedly considering out 100 staffers to cut costs. those for the same period in ’07. American Theatres and Producers. combining their printing and Ex-Lehman CFO distribution operations. Owners joins hedge unit News Corp. and Mortimer Babe’s house Zuckerman could save costs by rakes in ratings erin callan, merging the competing tabloids’ (left) former back-office functions. major league baseball’s All- Lehman Star Game at Yankee Stadium Brothers eBay bests Tiffany drew a 16% larger television Holdings Inc. audience this year, according to chief financial in fakes lawsuit Nielsen Media Research.The 15- officer, will inning game scored a 9.3 rating leave the jeweler tiffany & co. lost its nationally, as 14.5 million company in September to head counterfeiting battle with eBay households tuned in. In the metro the global hedge fund business at Inc. A federal judge ruled that area, 1.3 million households rival Credit Suisse. Ms. Callan was companies such as Tiffany must watched, translating to a 17.1 demoted at Lehman after the take responsibility for policing rating. bank posted a $2.8 billion first- their trademarks online.Tiffany, —from staff reports and Capital IQ’s Weekly Deals Report quarter loss, its first since going which had sued eBay for selling bloomberg news reports TRANSACTION SIZE public in 1994. fakes on its site, is expected to COMPANY/LOCATION (in millions) BUYER/INVESTOR TRANSACTION TYPE appeal the decision. J. & W. Seligman & Co. $440.0 Ameriprise Financial Inc. SB M&A Starbucks’ retreat Manhattan NY’s richest BountyJobs Inc. $12.0 Greylock Partners GCI starbucks will close 10 stores Manhattan in New York City as part of its counts poorest The FeedRoom Inc. $12.0 BEV Capital, NewSpring Capital, GCI plan to shutter 600 stores Manhattan Velocity Equity Partners nationwide. Five of the locations new york Mayor Michael Contagious Media $3.5 Hearst Interactive Media, GCI are in Manhattan—including the Bloomberg proposed a new Manhattan SoftBank Capital fifth-floor Starbucks at Macy’s method for gauging poverty.The TraceGuard Technologies Inc. $1.1 Individual Investors GCI Herald Square. One location will system factors in tax credits and Manhattan close in Brooklyn, three in Queens government benefits and adjusts City24/7 $0.75 United EcoEnergy Corp. (22.5%) SB M&A and one in Staten Island. for geographic differences in cost Manhattan of living.The federal formula puts Selected deals announced during the week of July 6 for companies headquartered in metro New 19% of New Yorkers below the York. GCI: Growth capital investment represents new money invested in a company for a minority Chinatown BID? stake. SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing poverty line. Mr. Bloomberg’s

shares of a company without the participation of a financial buyer. the nonprofit Chinatown method raises that number to images: bloomberg news

bekka lindström bekka Partnership said it raised enough 23%. THE ALL-STAR GAME drew a big audience.

14 | Crain’s New York Business | July 21, 2008 CNYB 07-21-08 A 15 7/17/2008 5:49 PM Page 1

EDUCATION INSIDE Home-schoolers up as private tuition soars and parents become disillusioned with public schools PAGE 17 NYC Outward Bound puts its stamp on underperforming public schools PAGE 18

DIGITAL UNIVERSITY More colleges go the distance Professional, tech schools move online, others lag three years. BY JUDITH MESSINA Nationally, online enrollments are growing almost 10% a year, this fall, students at Pace Uni- compared with 1.5% annual growth versity can take a new course in in the overall student population, public speaking without setting according to Sloan Consortium, a foot in a classroom, meeting the nonprofit in Needham, Mass., that instructor or even standing at a promotes online learning in higher podium. Students will record education. In the 2006 academic themselves delivering speeches, year, one in five college students then upload the videos to the took a Web course, Sloan says. course site and receive instruction and feedback—all via the Internet. Access for the busy Led by such trendsetters as “if you drive a cab six days a week Pace, the New School and New 12 hours a day, you can’t go to cam- York Institute of Technology, local pus,” says John Mogulescu, dean of colleges and universities are em- the Professional Studies School at bracing the Internet as a potent ed- the City University of New York. ucational medium. “In today’s world,why should those In fact, three quarters of all col- students not get an education?” leges—including virtually all pub- Still, distance learning faces ob- lic and community colleges—in stacles. Some faculty members re- the metropolitan area use the Web sist the movement,partly because of to teach, according to a survey by concerns about job security. And Hunter College. The most ambi- some schools are proceeding cau- tious offer dozens of courses, and tiously, mindful that they sell not ON THE GO: Institutions certificate and degree programs, only an education but a four-year that grew out of online. In advancing distance experience on campus. professional schools must learning, they are expanding their It also remains to be seen offer online learning presence throughout the region whether making major invest- alternatives, says Geoffrey and even around the globe. ments in online education will pay Brackett of Pace. “For schools like Pace that have off. A few years ago, Columbia grown out of professional schools, University and New York Univer- there’s no question that an element sity shut down multimillion-dollar of the portfolio needs to be online,” e-learning initiatives that were says Provost Geoffrey Brackett, aimed at nondegree students be-

buck ennis who estimates that about 20% of cause the programs failed to attract Pace’s courses will be online within See DISTANCE on Page 16

are more likely to type lecture notes FRANK MORETTI says Columbia on their laptops or even record University is Schools plug into digital their professors using digital-voice interested in “working devices—all while answering e- effectively within the mails, sending text messages and same technology” lifestyle of students catching up on the latest headlines as students. on CNN. Indeed, students’ use of checking his e-mail. about it on Wikipedia.” technology is forcing college Administrators After doing so,however,the 20- Mr. Kohen is hardly unique. administrators throughout scramble as lecture year-old decided to reach out into For better or worse, iPods, cell the city—and across the the cyber-ether to learn more about phones, laptops and other forms of country—to rethink how notes become passé the village on his own. electronic wizardry are as much a they teach, reach and engage “I was able to go on Google part of the college experience as this tech-savvy generation. BY FRAN HAWTHORNE Earth and see images of the town,” roommates and all-nighters. “We are dealing with an recalls Mr. Kohen, who says he entirely new form of student,” bored by what his professor had to maintains a 3.98 grade point aver- New activities says Jan Plass, an associate pro-

b say about a remote village in Brazil, age and is working towards a triple gone are the days when atten- fessor of educational communi- u c

k

Alex Kohen, a junior at Hunter major in political science, urban tive college students eagerly scrib- cation and technology at New e

n

n

College, opened his laptop—os- studies and Latin American and bled notes using pens, pencils and York University. “One of the i

s tensibly to take notes—and began Caribbean studies. “Then I read paper notebooks. Today’s students See DIGITAL on Page 16

July 21, 2008 | Crain’s New York Business | 15 CNYB 07-21-08 A 16 7/17/2008 5:52 PM Page 1

REPORT EDUCATION DIGITAL UNIVERSITY

Students can earn a master’s de- students since launching the pro- Distance learning’s big leap gree in management from NYU’s grams in 2006, and it graduated the School of Professional and Contin- first 11 students this spring. uing Studies or a bachelor’s in envi- Schools with the most successful Continued from Page 15 ulating students, and free otherwise. tions have expanded Internet in- ronmental engineering from NYIT. Web programs have developed in- enough takers. Schools began experimenting struction across schools and depart- Columbia’s engineering school, frastructure to ensure that things “Running a good program is dif- with other media, such as video, in ments. Public and private colleges which moved the Video Network to run smoothly and to provide dis- ficult and complicated,” says Susan the 1980s. Columbia’s engineering that serve large numbers of working the Web in 2002, offers six master’s tance students with the same sup- Patrick, former director of the U.S. school launched Video Network and professionals and part-time stu- degrees online. port they would get on campus. Office of Educational Technology began shipping tapes of classes to dents have been the most aggressive. Columbia’s engineering program and now president of the North At Pace, for example, all courses in A matter of degree has dedicated managers to guide on- American Council for Online the undergraduate curriculum are between 2005 and 2007, NYIT’s line students through coursework Learning. offered online—and those sections enrollments in fully or partly online and the university bureaucracy. Some efforts make money, such fill up first. courses grew 14% and 26%, respec- CUNY offers online students special as Pace’s National Coalition for Increasingly, colleges are offering tively. At Pace, more than 5,000 of advisers, and NYIT staffs classrooms Telecommunications Education hybrid courses, which meet face-to- its approximately 13,000 students with experts to monitor and operate and Learning program. The school face as well as in cyberspace. For ex- took at least one Internet class in the the required technology. partners with telecom companies ample, NYIT’s medical school, in 2006 academic year. The phenomenon requires re- and unions to provide online cours- Westbury, L.I., holds live classes, Linda Dunne, dean of the New thinking the student body. es and degree programs for workers keeps a library of streaming video lec- School, says: “The difference be- “Student services, ID cards, and professionals, and the compa- tures and conducts video conferences tween online and on-site courses has health insurance—everything that’s nies pay students’ tuition. with students and affiliated teaching started to close.Classrooms are now perfectly banal when you have a hospitals. It broadcasts courses live using online technology, and often student standing in front of you has Scalable products between students in New York and it’s a question of degree.” to be reimagined,” says Jim O’Con- ellis college, a for-profit online those in places as far away as Jordan Whatever the approach, schools nor, director of the online associate venture launched by NYIT in 2003, and China. are tapping into new student popu- degree in applied arts at Parsons the is “modestly profitable,” says NYIT Online coursework that can be lations. CUNY has two online de- New School for Design. “A new President Edward Guiliano. One done at their convenience is a god- gree programs aimed at “com- kind of student has to be account- thing is sure: Ellis, which enrolls send for students with jobs and fam- pleters”—those who dropped out of ed for.” 3,000 students a year,needs no cost- ilies. The option also lets schools college in good standing and want to bekka lindström bekka ly Manhattan real estate. grow beyond the confines of their finish. The school has enrolled 550 COMMENTS? [email protected] “Online courses have great po- students who lived outside the New urban campuses without having to tential,”Mr.Guiliano says.“They’re York area. invest in new classrooms. more scalable and can be more eco- The possibilities for distance “The mission [of public institu- nomical than brick-and-mortar learning multiplied with the advent tions] is access to education,” says classes.” of the Internet, but improved tech- Anthony Picciano, professor of ur- Digital students Without a doubt, distance learn- nology and the wide availability of ban education at CUNY Graduate ing has come a long way from its ear- broadband have spurred an acceler- Center and a director of the Sloan Continued from Page 15 For that reason, Pace has made a ly incarnations—correspondence ation in the past few years. Consortium. “It’s logical to see on- mantras of education is that to meet concerted effort to create more courses and novelties like NYU’s Though almost every school in line learning as a way to extend ac- the learner’s needs, you need to un- places where students can gather to “Sunrise Semester.” The televised the city covers the basics—course cess to the public that they serve.” derstand the learner.” socialize.Over the past six years,the classes, which the school introduced Web sites, grades posted online and Some schools offer entire de- Toward that end, some faculty university has allocated nearly $22 in 1957,were $25 a credit for matric- e-mail interaction—some institu- grees online. members at NYU are engaged in a million to the construction of a new discussion aimed at figuring out how recreation center in Pleasantville, “to channel [in-class Web surfing] N.Y., and the renovation of a stu- into something that’s useful,”he says. dent union and cafeteria in down- At St. John’s University in town Manhattan. Queens, classroom discussions are “If you make other places inviting being extended onto electronic bul- and schedule events that they want letin boards. Many teachers at Co- to attend, you’ll get [students] out” lumbia University, meanwhile, are of their dorm rooms and away from revamping their lesson plans to in- their computers, Mr. Bianco says. corporate more computer simula- tions and models into the mix. Issue of safety “We assume the students are nat- college administrators are also urally more engaged in the digital grappling with the issue of keeping world,” says Frank Moretti, director their students safe—particularly of the Center for New Media Teach- when it comes to the use of such ing and Learning at Columbia. social networking sites as Face- “We’re interested in exploiting their book.com. natural skill and their comfort with- “Students today love social net- in those domains, in working effec- working sites, and they put a lot of tively within the same technology.” information there,” says Darren Two strong traditions. One even stronger future. That’s not all. Hayes, Pace University’s computer This summer, 20 faculty mem- information systems coordinator. Introducing Polytechnic Institute of NYU. bers at Hunter College will partici- This past spring, Pace Universi- pate in 60 hours of technology train- ty held a two-day conference on “cy- On July 1, 2008, Polytechnic University became an affiliate of New York University ing. The training will cover such berbullying.”At St.John’s Universi- and is now Polytechnic Institute of NYU—the most comprehensive school topics as setting up blogs and creat- ty, discussions on the perils of of engineering, applied sciences and technology in the New York area. ing a digital database of videos and meeting online strangers and dis- slides to accompany lectures. pensing personal information over Without a doubt, the evolution the Internet are now incorporated of technology on college campuses into freshman orientation. is a double-edged sword—with For better or worse, the advance both the power to enhance and dis- of technology is having an indelible tract from learning. effect on college campuses through- For starters, the ability to chat out the city. electronically or to communicate via “The student of today lives a cer- e-mail and text messages has made tain way, whether it’s text-messag- Brooklyn • Manhattan • Long Island • Westchester it more difficult to coax some stu- ing,podcasting,iPods or video,”says dents out of their dorm room. Joseph J. Tufano, chief information “There is less face-to-face social- officer at St. John’s University. ization in universities and more “When they come to college, they www.poly.edu | 1-800-polytech electronic contact now,” says Aniel- want to continue living that way.” lo Bianco, chairman of Manhattan- based Pace University. COMMENTS? [email protected]

16 | Crain’s New York Business | July 21, 2008 CNYB 07-21-08 A 17 7/17/2008 5:54 PM Page 1

REPORT EDUCATION

Office of School and Youth Develop- ment, wouldn’t address complaints Learning begins and stays at home about cumbersome regulation. In- stead, a spokeswoman issued a state- ment that the agency is merely fol- schools, says Luis Huerta, a profes- lowing state guidelines. Additionally, Number of home- sor at Columbia University’s Teach- it reads, “as a result of the centraliza- schoolers in the city ers College who specializes in tion of the home schooling office,ad- home-schooling issues. ministrative procedures have been rising, despite “Spending $30,000 per child per streamlined and consolidated.” stigma, regulations year is not an option even for many Despite the problems, Ms. professional families, and you see D’Antonio recommends home more people looking for an alterna- schooling. “The benefits outweigh BY ANDREW MARKS tive,” Mr. Huerta says. SOLO STUDENT: the challenges,” she says. “A lot of people here do it for Nancy D’Antonio In fact, the city has a number of a difficult year at a private school convenience rather than religious (above) has home- unique advantages, experts say. for her 5-year-old and overcrowd- beliefs,which is the main reason you schooled her “Home schooling is all about ing at a nearby public school in daughter, who has a empowering and encouraging chil- find it nationally,” he says. learning disability, for Washington Heights had left Anya eight years. dren to develop and pursue their in- Mateo gloomy about educational Better scores tellectual interests, and there’s no options for her two children. After studies show that, compared with better place to do that than in New seeing a show by a group of home- traditionally educated students, the York,” says Chandra Nicol, execu-

schooled children in Fort Tryon nation’s 2 million home-schooled buck ennis tive director of Clonlara School in Park in Manhattan this May,she de- score 15 to 30 percentage points Ann Arbor, Mich., which develops cided to teach her kids herself. higher on standardized elementary Regulations governing the prac- The regulations might explain individualized curricula. “The performance was phenom- school tests and about half that on tice vary widely. why just 1.8% of kids K-12 in New “In the city,you have so many re- enal,” Ms. Mateo says. “My kids their SATs, according to Brian Ray, California, which has more York state are home-schooled, com- sources and the opportunity to take were watching them tell stories and president of the National Home home-schoolers than any other pared with the national average of advantage of that richness,” Ms. improvise.” She has joined the New Education Research Institute. state, mandates only that parents 2%,according to the Census Bureau. Nicol says. “When your kids find York City Home Educators Al- Mr. Ray attributes the perform- submit affidavits of their intention something they’re interested in, you liance and is convinced that “this is ance to one-on-one attention—the to teach children at home. Some More bureaucracy don’t have to just stay an hour and the best way to educate my kids in hallmark of home schooling. states don’t even ask for that much. city home-schoolers contend then get back on the bus.” New York City.” Its association with the religious On the other side of the regula- that they must deal with an extra Justine Henin, a former private More families are making that right and headlines about child abuse tion spectrum: New York, which layer of bureaucracy, particularly school teacher who now tutors choice in the city, where 2,800 chil- continue to stigmatize the practice, many experts say is the most diffi- when it comes to ancillary services. home-schooled children, notes that dren were home-schooled during however, and many doubt the quali- cult state for home-schoolers. Par- It took Nancy D’Antonio, who most cultural institutions here—in- the 2006-07 academic year, com- ty of instruction. ents must undergo lesson plan re- has been teaching her daughter at cluding the Metropolitan Museum pared with 1,600 in 2001-02, ac- “The National Education Associ- views and quarterly evaluation their Upper West Side home for of Art and Natural History Museum cording to the New York City De- ation believes that home schooling reports, and children take annual eight years, several years to get serv- —offer educational programs based partment of Education. programs based on parental choice standardized tests beginning in the ices from the city DOE for her on their exhibits. The increase is being fueled part- cannot provide the student with a fourth grade. daughter, who has a learning dis- “You could home-school in the ly by the escalating price of private comprehensive education experi- “New York is one of the most ability. Met alone,” Ms. Henin says. schools and some middle-class fam- ence,” says a spokeswoman for the regulated and meddlesome states Lilian Garelick, director of man- ilies’ dissatisfaction with public group,which is based in Washington. for home schooling,” Mr. Ray says. dated responsibilities for the DOE’s COMMENTS? [email protected]

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July 21, 2008 | Crain’s New York Business | 17 CNYB 07-21-08 A 18 7/17/2008 5:56 PM Page 1

REPORT EDUCATION Outward Bound, upward mobility Group’s hands-on confidence and promote teamwork. NYC Outward Bound schools, you NYC Outward Bound a $3.1 mil- Now, by treating schooling as a really do get a sense that these kids lion grant to continue its expansion. approach may boost rugged academic adventure, the 67- are working with very high expecta- The multiyear grant will be used to year-old group hopes to improve ed- tions, that they really are being help start two schools on Staten Is- lagging public schools ucation in some of the city’s under- pushed and prepared for college in all land in the 2008-09 academic year. performing neighborhoods. Over the ways possible,”says Adam Tuck- The organization expects to open BY STEVE GARMHAUSEN the past four years, NYC Outward er, senior program officer with the two more sites in the city the follow- Bound, working in partnership with Bill & Melinda Gates Foundation. ing year. the outward bound organization the public school system, has helped In March, the foundation— proved long ago that extreme phys- operate seven high schools; it plans which has pumped more than $100 Model citizens ical challenges like mountain climb- to open four more by 2010. million into the city’s public schools the outward bound in- ing and white-water rafting can build “When you walk through the over the past six years—awarded stitutions use an “expedi- tionary learning” model, which is built around in- depth group projects that often require students to use the city itself as a classroom. So far,the schools appear to be succeeding. Outward Bound’s Bronx Expeditionary Learning High School—which was one of six smaller schools formed when William H. OUT AND ABOUT: Students both explore the city (top) Taft High School was and participate in typical Outward Bound adventures. phased out in 2004—grad- uated 60% of its first 12th- grade class in June. That’s a big im- from the Washington Heights Ex- provement over Taft, which had a peditionary Learning School were graduation rate of about 35% when whisked upstate for four days of it closed. camping, hiking, knot tying and “That’s not even our stron- other team-building and problem- gest school,” says Richard Stopol, solving activities. the president of NYC Outward Students are also expected to Bound. “We’ve gotten better as exercise the discipline to work to- we’ve developed.” gether on academically challenging It remains to be seen exactly how projects. For example,a class may be well Outward Bound will do. Only required to research and write a one location has been in existence book, says Mr. Stopol. long enough to be graded by the city. “When students hear that, they That school, the Humanities Prep- think, ‘We can’t write a book!’ ” he aratory Academy on West 18th says. “But then we take them step- Street in Chelsea,boasts an A rating. by-step, as if they were climbing a Based on partial scores,Outward rock face.” Bound executives estimate that two other locations are earning A’s: Practical projects Washington Heights Expedition- at the washington heights Ex- ary Learning School in Manhattan peditionary Learning School, for and Validus Preparatory Academy example, seventh graders spent in the Bronx. The James Baldwin three months on a project aimed at School, which is also on West 18th determining the Hudson River’s Street, is on track to receive a B, suitability for recreational use. As while the Bronx Expeditionary part of that project, they gathered Learning High School merits a C. water samples from Inwood Hill The two remaining institutions Park and had them tested through a are too new to assess, even on the collaboration with the city’s Urban basis of partial scores, the organiza- Park Rangers. tion says. In the classroom, the students It’s also unclear whether the next analyzed the data as part of their mayor will support the rapid expan- math class,studied the river’s histor- sion of NYC Outward Bound’s ical uses in social studies, and wrote schools, as Mayor Michael Bloom- lab reports in English class. berg and Schools Chancellor Joel Along with this project-based, Klein have, says LaRue Gibson Jr., real-world approach to learning, who has been a member of NYC Outward Bound relies on longer- Outward Bound’s board since 1993. than-normal class periods and Nevertheless, NYC Outward smaller numbers of students. Bound is intent on expanding its Naturally, Outward Bound stu- footprint in the city. dents are not exempt from standard- “We want to create a network of ized tests. But coping with their schools that are outstanding,” Mr. course work makes taking those tests Stopol says. seem easy, says Brett Kimmel, prin- Outward Bound’s team ap- cipal of the Washington Heights proach is intended to build charac- Expeditionary Learning School. ter and teach students the value of “If there is academic rigor hap- community.They work in groups of pening in the school, the testing 12 to 15, known as “crews,” which takes care of itself,” he says. “The stay intact as they move up through seventh-grade English test in Janu- each grade. ary is one of the easier things our The camaraderie is cemented via kids do.” traditional Outward Bound excur- sions. Early this year, sixth graders COMMENTS? [email protected]

18 | Crain’s New York Business | July 21, 2008 CNYB 07-21-08 A 19 7/17/2008 7:33 PM Page 1

THE WEEKS AHEAD

THIS WEEK’S EVENTS Solutions Center, 9 Bond St., Brooklyn, Commerce Inc. holds breakfast on AUGUST 4-10 AUGUST 6 JULY 22 fifth floor. Free. (718) 875-3400 or Brazil’s midyear economic and AUGUST 5 Five O’Clock Club holds seminar on Prime Strategies holds forum on staffing [email protected]. investment outlook. 8 a.m. to 10 a.m., Camba Small Business Services holds how to turn job interviews into offers. and outsourcing for small businesses. Debevoise & Plimpton, 919 Third Ave., workshop on search engines. 6 p.m. to 6:30 p.m. to 8:30 p.m., 11 Penn Plaza, 6 p.m. to 8 p.m., City Space Suites, JULY 28-AUGUST 3 35th floor. Fee: $50 members, $100 9:30 p.m., 884 Flatbush Ave., Brooklyn, fifth floor. Fee: $50. (914) 788-5482 or 817 Broadway, 10th floor. Fee: $29. JULY 28 nonmembers. (212) 751-4691. second floor. Free. (718) 282-2500. [email protected]. (212) 679-1209 or New York Human Resources holds JULY 31 AUGUST 5 —sarah studley [email protected]. workshop on entrepreneurial budgeting. TechExpo USA holds networking Manhattan Review holds workshop on JULY 22 6:30 p.m. to 8 p.m., 16 W. 23rd St. Fee: reception. 10 a.m. to 4 p.m., Hilton New M.B.A. admissions. 7 p.m. to 8:30 p.m., South Bronx Overall Economic Devel- $65. (917) 697-2063 or York Hotel, 1335 Sixth Ave. Fee: $5. Graybar Building, 420 Lexington Ave., TO LIST YOUR EVENT opment Corp. holds workshop on letting [email protected]. (212) 586-7000. suite 2310. Free. (212) 997-1660. Crain’s lists meetings online and includes them in the your Web site market your business. JULY 28 JULY 31 AUGUST 6 print edition as space permits. NYC events with fees 4 p.m. to 5 p.m., 555 Bergen Ave., third Face-to-Face Speed Networking holds Business Network International Wall Asian Women in Business holds under $300 are considered for the print publication. floor, Bronx. Free. (718) 732-7547. networking reception. 5:30 p.m. to Street holds networking breakfast. workshop on business communication. Listings can be submitted only through the Crain’s JULY 22 8 p.m., Commerce Bank, 469 Seventh 7 a.m. to 8:30 a.m., George’s Restaurant, 6 p.m. to 9 p.m., Bovis Lend Lease, 200 Web site. Go to www.crainsnewyork.com and click Lower Manhattan Business Solutions Ave. Fee: $35. (718) 757-6933. 89 Greenwich St., second floor. Fee: $19 Park Ave. Fee: Free for members, $30 on “Events.” Sponsors have a choice of several free Center holds restaurant management JULY 29 (212) 661-4590 or nonmembers. (212) 868-1368 or or paid listing options. All business events will be seminar. 2 p.m. to 4 p.m., 110 William Brazilian-American Chamber of [email protected]. [email protected]. posted online within two business days. St., fourth-floor conference room. Free. (212) 618-8914 or [email protected]. JULY 22 Specialized Technology Resources holds seminar on toy safety. 8:30 a.m. to 12 p.m., Seventh Avenue at West 27th Street. Fee: $125; $100 per person for groups of three or more. (860) 265-3543 or [email protected]. JULY 22 B’nai Brith and HJ Development hold forum on real estate development. 6:30 p.m. to 8:30 p.m., 211 E. 51st St., penthouse B. Fee: $20 in advance, $25 at the door. (212) 897-7909 or [email protected]. JULY 23 Email from Beijing to Broadway. Neighborhood Entrepreneur Law Project, South Bronx Overall Economic Development Corp. and Dechert hold legal clinic for micro-entrepreneurs. Works around the world. And around the block on America’s most 5 p.m. to 7 p.m., 555 Bergen Ave., reliable wireless network. With expanded coverage, we’re now Bronx. Free. (212) 382-6633 or [email protected]. available in even more destinations. JULY 23 Hodgson Russ holds seminar on sales tax for service industries. 8:30 a.m. to 10:15 a.m., 1540 Broadway, 24th floor. Fee: $45. (212) 751-4300 or [email protected]. JULY 23 New York American Marketing Association holds seminar on mobile marketing. 6 p.m. to 7:30 p.m., 116 E. 27th St., sixth floor. Fee: $35 members, $55 nonmembers. (212) 687-3280 ext. 222 or [email protected]. JULY 23 New York Public Library holds information session on international trade and export research. 4:15 p.m. to 5:30 p.m., Science, Industry and Business Library, 188 Madison Ave., lower level. Free. (212) 592-8000. JULY 24 Networking for Professionals holds networking reception. 6:30 p.m. to 8:30 p.m., Techspace, 41 E. 11th St., 11th floor. Fee: $25 members in BlackBerry® 8830 Worldd Edition Smartphp one advance, $35 nonmembers in advance, $2269.99 2-yr. price – $70 mail-in rebate – $101 0 instant $40 at the door. (212) 227-6556. 99 savings = $99.9 99. Requires 5 or more corpop rate-liable JULY 24 $ lines and new 2-yr. activation on a Nationwide Voice and Data Calling Plan $79.99 or higher per line. New York Commercial Real Estate 99 Women and Association of Real Estate • Global capaabilities for internatioonal travel Women hold networking breakfast. 8 a.m. to 9:15 a.m., Sonnenschein Nath • Slim design with trackball navigation & Rosenthal, 1221 Sixth Ave. Fee: $35 • Integratted media player members in advance, $50 nonmembers • Bluetooth®® Heae dset cappabble in advance; $10 additional at the door. Preregister by July 21. (212) 499-6566 or [email protected]. Global servicesservices araree now avavailableailable in mormoree dedestinationsstinations tthanhah n ever. JULY 25 Lower Manhattan Business Solutions To learn more aboout ou ourur gl globalobo al w wirelessireellesss so solutions,lluutit ono s,s c consult with your dedicated business representative. Center holds seminar on how and where to get financing. 10 a.m. to 12 p.m., 110 William St., fourth-floor conference room. Free. Call 1.800.VZW.4BIZ Clickk verizonwireless.com/global Visit your local Verizon Wireless Store [email protected]. JULY 25 VERIZON WIRELESS COMMUNICATIONS STORES See store for Return/Exchange Policy. Brooklyn Chamber of Commerce holds MANHATTAN Union Square 57 W. 57th St. 134 W. 34th St. 100 Wall St. & Water NASSAU Westbury SUFFOLK Smith Haven WESTCHESTER seminar on wage and hour laws. 9 a.m. 342 Madison Ave. 859 Broadway btwn. 5th & 6th Ave. btwn. 6th & 7th Ave. (Closed Sat. & Sun.) Massapequa 49 Old Country Rd. East Northport 1 Smith Haven Mall Hartsdale @ 43rd St. 212-206-7587 212-980-4860 917-351-8000 212-510-6160 5070 Sunrise Hwy. 516-937-2960 4000 Jericho Tpke. 631-382-3720 355 N. Central Ave. to 10:30 a.m., Brooklyn Business 212-856-6100 516-797-3880 631-499-1820 914-286-4120 Hablamos Español More meetings online at www.crainsnewyork.com Activation fee/line: $35. IMPORTANT CONSUMER INFORMATION: Subject to Major/Corporate Acct Agmt, Customer Agmt, Calling Plan, rebate form & credit approval. Up to $175 early termination fee & other charges. Device capabilities: Add’l charges & conditions apply. Offers & coverage, varying by service, not available everywhere. Limited-time offer. While supplies last. Shipping charges may apply. Rebate takes up to 6 weeks. Add’l charges req’d for Global Services. For list of destinations and network details, Click on “Events” see verizonwireless.com/vzglobal. © 2008 Verizon Wireless.

July 21, 2008 | Crain’s New York Business | 19 nb29p20-22cls.qxp 7/17/08 11:16 AM Page 20

Crain's Classified is not responsible forCrain's corrupt Classified files submitted is not responsible by client or for adsCrain's corrupt run under Classified files the submitted wrong is not subheading. responsible by client or for ads corrupt run under files the submitted wrong subheading. by client or ads run under the wrong subheading.

BUSINESS OPPORTUNITY/EVENTS PUBLIC & LEGAL NOTICES

Notice of Qualification of EKARD, LLC. Name of LLC: FRANKEL & GREEN THEATRI- MERCER STREET DEVELOPMENT LLC, a Authority filed with Secy. of State of NY CAL MANAGEMENT LLC. Articles of Org. domestic Limited Liability Company (LLC) (SSNY) on 6/6/08. Office location: NY filed Dept. of State of NY on 4/18/08. Office filed with the Sec of State of NY on 12-4- County. LLC formed in Delaware (DE) on location in NY: New York County. Secy. of 07. NY Office location: New York County. 5/8/07. SSNY designated as agent of LLC Crain'sState designated Classified as agent is notof LLC responsible upon forSSNY corrupt is designated files submitted as agent upon by clientwhom or ads run under the wrong subheading. Crain's Classified is not responsible for corrupt files submitted by client or ads run under the wrong subheading. Crain'supon whom Classified process against is not responsibleit may be forwhom corrupt process files against submitted it may be byserved. client or adsprocess run underagainst thethe LLC wrong may subheading.be served. Crain's Classified is not responsible forserved. corrupt SSNY files shall submitted mail process by to client or adsSec. run of State under shall the mail wrong a copy of subheading. process to: SSNY shall mail a copy of any process princ. bus. loc.: 2 Wall St., NY, NY c/o Richard Frankel, Richard Frankel against the LLC served upon him/her to Crain's Classified is not responsible for corrupt files submitted by client or ads10005. run DE under address the of wrong LLC: 2711 subheading. Productions, Inc., 729 Seventh Avenue, 12th Joe Sabbagh, C/O Ultimate Realty, 28 E. Centerville Rd., Ste. 400, Wilmington, DE Floor, New York, NY 10019. The latest date 14th St., NY, NY 10003. Latest date to 19808. Arts. of Org. filed with DE Secy. on which the LLC is to dissolve is dissolve: 12-31-2055. General purposes. CAPITAL WANTED of State, 401 Federal St., Ste. 4, Dover, 12/31/2075. Purpose: any lawful activity. PUBLIC & LEGAL Notice of Formation of WHGA HARRIET DOCUMENT SHREDDING COMPANY DE 19901. Purpose: any lawful activity. NOTICE OF FORMATION of Office Greeners TUBMAN APARTMENTS, L.P. Certificate Seeking 1/3 partner to head up the Sales NOTICES LLC. Arts. Of Org. filed with Secy. Of State of filed with Secy. of State of N.Y. (SSNY) on Department $125,000 buys in. NOTICE OF FORMATION OF LIMITED LIA- Crain's Classified is not responsible forN.Y. corrupt (SSNY) fileson 4/28/08. submitted Office location: by client New or adsMarch run 13, under 2008. the Office wrong location: subheading. New York Call 718-945-3500 Notice of Qualification of Phoenix Adlabs BILITY COMPANY. NAME: 2B. RYCH LLC. York County. SSNY designated as agent of County. SSNY designated as agent of LP Theatre Management, LLC. Authority filed Articles of Organization were filed with the LLC upon whom process against it may be upon whom process against it may be with NY Dept. of State on 5/28/08. Office Secretary of State of New York (SSNY) on Crain's Classified is not responsible for corrupt files submitted by client or ads run under the wrong subheading. ENTREPENEURS WANTED served. SSNY shall mail process to: P.O. Box served. SSNY shall mail process to: The location: NY County. LLC formed in 05/14/08. Office location: New York County. Crain's Classified is not responsible for corrupt files submitted by client or ads1855, run NY, under NY 10021. the Principal wrong business subheading. Partnership, 1652 Amsterdam Avenue, Tennessee (TN) on 2/25/08. NY Secy. of SSNY has been designated as agent of the location: 404 E. 66th Street, Apt. 8L, NY, NY New York, NY 10031. Name/address of State designated as agent of LLC upon LLC upon whom process against it may be 10065. Purpose: Any lawful activity. each genl. ptr. available from SSNY. Term: whom process against it may be served served. SSNY shall mail a copy of process until December 31, 2058. Purpose: any and shall mail process to: c/o CT to the LLC, c/o Alfred Dunner Inc., 1411 Notice of Qualification of Whitehall Street lawful activity. Corporation System, 111 8th Ave., NY, NY Broadway, New York, New York 10018. Employee Funds 2008 GP, L.L.C. Authority Crain's Classified is not responsible for10011, corrupt registered files submittedagent upon whom by client or adsPurpose: run under For any the lawful wrong purpose. subheading. filed with Secy. of State of N.Y. (SSNY) on Notice of Formation of LIZZANO REALTY process may be served. TN and principal 5/8/08. Office location: NY County. LLC LLC, a domestic LLC. Arts. of Org. filed business address: 111 Center Park Dr., NOTICE OF QUALIFICATION OF CAYENNE formed in Delaware (DE) on 2/28/08. SSNY CONSULTING, LLC Application for with the SSNY on 03/17/08. Office loca- Crain's Classified is not responsible for corrupt files submitted by client or adsSte. run 1003, under Knoxville, the wrongTN 37922. subheading. Arts. of Crain'sdesignated Classified as agent of isLLC not upon responsible whom for corrupt files submitted by client or ads run under the wrong subheading. Crain'sAuthority Classifiedfiled with the is NY not Department responsible of for corrupt files submitted by client or adstion: run NY underCounty. theSSNY wrong has been subheading. designat- Org. filed with TN Secy. of State, 312 8th process against it may be served. SSNY State on 4/10/08. LLC formed in ed as agent upon whom process against Ave. N., 6th Fl., Nashville, TN 37243. shall mail process to: 85 Broad St., NY, NY the LLC may be served. SSNY shall mail a Purpose: any lawful activity. Louisiana on 1/24//06. NY Sec of State has been designated as agent of LLC 10004. DE address of LLC: 1209 Orange St., copy of process to: The LLC, 145 East Wilmington, DE 19801. Cert. of Form. filed Notice of Qualification of The Stillwater upon process against it may be served. , 116th St., Ste. 3, NY, NY 10029. Purpose: with DE Secy. of State, P.O. Box 898, Dover, Matrix Fund, LP. Authority filed with Secy. and shall mail a copy of process to: prin- Any Lawful Purpose. DE 19903. Purpose: any lawful activity. of State of NY (SSNY) on 6/17/08. Office cipal business address: Cayenne REAL ESTATE Notice of Formation of Rottet Architecture location: NY County. LP formed in Consulting, 2109 Broadway, 14-142, NY, Crain's Classified is not responsible for corrupt files submitted by client or ads run under the wrong subheading. Notice of Formation of Wood River NY and Design Studio, NY, PLLC. Arts. of OFFICE SPACE Delaware (DE) on 10/5/07. SSNY desig- NY, 10023. LLC located in NY County. LLC. Arts. of Org. filed with Secy. of State Org. filed with NY Dept. of State on Crain'snated as Classifiedagent of LP upon is not whom responsible process forLLC’s corrupt office files in Louisiana submitted is 1804 by client or ads run under the wrong subheading. Off Wall St. on Pearl St. - Entire floor of NY (SSNY) on 6/6/08. Office location: 6/5/08. Office location: NY County. against it may be served. SSNY shall mail Crain'sMagazine Classified St., New Orleans, is not LA responsible 70130. for corrupt files submitted by client or ads run under the wrong subheading. approx. 4,000 sf. Move in cond. Avail NY County. SSNY designated as agent of process to: 41 Madison Ave., 29th Fl., NY, The LLC is in existence in Louisiana. Crain's Classified is not responsible forPrincipal corrupt business files submitted address: 1540 by Kirby client or ads run under the wrong subheading. immed. New AC. $8600.00 per month. Articles of Organization of LLC are filed LLC upon whom process against it may Dr., Houston, TX 77019. Secy. of State NY 10010. Registered agent upon whom be served. SSNY shall mail process to: David - 917-804-8442 or 917-548-9997 process may be served: Corporation with LA Sec. of State, P.O. Box 94125, designated as agent of PLLC upon whom Baton Rouge, LA 70804-9125. Purpose Leonard B. Pack, Esq., Wechsler & process against it may be served and Service Co. (CSC), 80 State St., Albany, Cohen, LLP, 17 State St., 15th Fl., NY, NY 5TH AVE/ 17TH ST. 8,500RSF of LLC is any lawful activity. shall mail process to: c/o CT Corporation Crain's Classified is not responsible forNY corrupt 12207. DE files address submitted of LP: c/o by CSC, client or ads run under the wrong subheading. 10004. Purpose: any lawful activity. Beautiful Full Floor Ofc./ Loft, System, 111 8th Ave., NY, NY 10011. 2711 Centerville Rd., Ste. 400, Name of For. LP: 275 MAIN STREET Priced right. Noel 212-3714065 Purpose: practice architecture. Wilmington, DE 19808. Name/address of ASSOCIATES, LP. Appl. for Auth. filed with Notice of Formation of Fort Washington Crain's Classified is not responsible formercedesberk.com corrupt files submitted by client or ads run under the wrong subheading. each genl. ptr. available from SSNY. Cert. Sec. of State of NY: 5/14/03. Jurisd. and Holding LLC. Arts. of Org. filed with Secy. NAME OF LLC: Palisander Holdings LLC. of LP filed with DE Secy. of State, 401 Crain'sdate of org.: Classified DE 3/27/03. is notNY State responsible office forof corrupt State of NY files (SSNY) submitted on 10/30/06. by client Office or adsArts. run Of underOrg. filed the with wrong NY Dept. subheading. of State Federal St., Ste. 4, Dover, DE 19901. loc.: New York Cty. Sec. of State designat- location: NY County. SSNY designated as on 5/19/08. Office location: NY County. LUXURY Purpose: any lawful activity. Crain's Classified is not responsible for corrupt files submitted by client or ads run under the wrong subheading. ed as agent upon whom process against it agent of LLC upon whom process against SSNY designated as agent of LLC upon may be served. Sec. of State shall mail it may be served. SSNY shall mail process Notice of Qualification of GS TACS Active whom process against it may be served PROPERTIES copy of process to: National Registered to princ. bus.. loc.: c/o Gatsby Continuous (U.S. Large Cap), LLC. and shall mail process to: Daniel Harrison, HOUSE FOR SALE/ Agents, Inc., 875 Avenue of the Americas, Enterprises, 347 Fifth Ave., NY, NY 10016. 55 East 9th Street, Apt. 14BC, NY, NY Authority filed with Secy. of State of NY Purpose: any lawful activity. NEW ROCHELLE Suite 501, New York, NY 10001. Addr. of 10003. Purpose own and manage real (SSNY) on 6/5/08. Office location: NY LP in DE is The Corporation Trust Crain's Classified is not responsible for corrupt files submitted by client or ads run under the wrong subheading. estate and other investments. Luxury Custom Build all brick home. County. LLC formed in Delaware (DE) on Company, 1209 Orange Street, NOTICE OF FORMATION of Rubina LLC. 7/19/06. SSNY designated as agent of Arts. Of Org. filed with Secy. Of State of N.Y. Spacious park like setting . 3 lg bdrms, Crain'sWilmington, Classified DE 19801. is Name/addr. not responsible of GP for corrupt files submitted by client or adsNotice run of under Qualification the wrong of DFS subheading.Funding LLC upon whom process against it may (SSNY) on 5/13/08. Office location: New 3 bths, huge balcony overlooking 30 ft avail. from Sec. of State. Authorized office L.L.C. Authority filed with NY Dept. of be served. SSNY shall mail process to York County SSNY designated as agent of livingroom with 14 ft cathedral ceil- in DE where Cert. of LP is filed is Sec. of State on 5/28/08. NYS fictitious name: Dell princ. bus. loc.: Goldman Sachs Asset LLC upon whom process against it may be Crain'sings. Formal Classified dining rm, is not lg eat responsible in kit for corrupt files submitted by client or adsState run of underDE, 401 the Federal wrong Street, subheading. Dover, DE Funding Services LLC. Office location: NY Management L.P., One New York Plaza, served. SSNY shall mail process to princi- with door to open patio. Enormous 19901. Purpose: any lawful activity. County. Principal business address: One NY, NY 10004. DE address of LLC: 1209 pal business location: 58 Avenue C, #4A, family rm, fireplace, wet bar. Door to lg Dell Way, Round Rock, TX 78682. LLC Orange St., Wilmington, DE 19801. Arts. NOTICE OF FORMATION OF LIMITED NY, NY 10009. Purpose: Any lawful activity. flagstone patio. Paneled office “or 4th formed in Delaware (DE) on 11/16/04. NY bdrm” 2 car garage nr schools & tennis. of Org. filed with DE Secy. of State, LIABILITY COMPANY. NAME: BITETTO Notice of Qualification of Goldman Sachs Secy. of State designated as agent of LLC 30 mins to Grand Central. Excel move Townsend Bldg., Dover, DE 19901. EQUITIES LLC. Articles of Organization Investment Partners ESC Fund, L.P. upon whom process against it may be in cond. Call after 5:00 914-632-0338. Purpose: any lawful activity. were filed with the Secretary of State of Authority filed with Secy. of State of NY served and shall mail process to: c/o CT Reduced to $745K. New York (SSNY) on 07/03/08. Office Crain'sLIVING ROOM Classified STUDIOS is notNY, LLC, responsible a forlocation: corrupt New files York submitted County. SSNY by clienthas or adsCrain's(SSNY) run underon Classified 6/24/08. the Office wrong is not location: subheading. responsible NY forCorporation corrupt files System, submitted 111 8th Ave., by clientNY, NY or ads run under the wrong subheading. domestic Limited Liability Company (LLC) been designated as agent of the LLC County. LP formed in Delaware (DE) on 10011, registered agent upon whom filed with the Sec of State of NY on 4-22- process may be served. DE address of TELEPHONE EQUIPMENT upon whom process against it may be 11/21/07. SSNY designated as agent of Crain's Classified is not responsible for08. corrupt NY Office files location: submitted New York by County. client or adsserved. run underSSNY shall the mail wrong a copy subheading. of LP upon whom process against it may be LLC: 1209 Orange St., Wilmington, DE WILL BUY ALL SSNY is designated as agent upon whom process to the LLC, 15 Charles Street, served. SSNY shall mail process to: 19801. Arts. of Org. filed with DE Secy. of OFFICE TELEPHONE EQUIPMENT process against the LLC may be served. Apartment PHC, New York, New York Goldman Sachs Investment Partners GP, State, 401 Federal St., Dover, DE 19901. Please Call: 212-Richard. SSNY shall mail a copy of any process Crain's10014. Purpose: Classified For any is not lawful responsible purpose. forLLC, corrupt 85 Broad files St., submitted NY, NY 10004. by DE client or adsPurpose: run under any lawful the activity. wrong subheading. Crain's Classified is not responsible forPlease corrupt Call: files 212-742-4273 submitted by client or adsagainst run the under LLC theserved wrong upon subheading.him/her to address of LP: 1209 Orange St., Chasten Harmon, 216 W. 136th St., #1, NOTICE OF FORMATION OF KJF Wilmington, DE 19801. Name/address of Notice of Qualification of ARAMARK NY, NY 10030. General purposes. Documentaries LLC article of Organization each genl. ptr. available from SSNY. Cert. Management, LLC. Authority filed with NY filed with the Secretary of State of NY of LP filed with DE Secy. of State, Dept. of State on 6/5/08. Office location: PUBLIC & LEGAL Notice of Formation of Let’s Go Stables IV, (SSNY) on 2/13/08. Office location: New Townsend Bldg., Dover, DE 19901. NY County. Principal business address: NOTICES LLC. Arts. of Org. filed with NY Dept. of York County. SSNY has been designated Purpose: any lawful activity. 1101 Market St., Philadelphia, PA 19107. Crain's Classified is not responsible forState corrupt on 6/16/08 files submitted. Office location: by NY client or adsas agent run under upon whom thewrong process subheading. against it LLC formed in DE on 12/20/07. NY Secy. County. Secy. of State designated as agent CORE CLASSICS LLC Articles of Org. filed of State designated as agent of LLC upon Notice of Formation Color By Pergament Crain'smay be served. Classified The Post is notOffice responsible address to for corrupt files submitted by client or ads run under the wrong subheading. of LLC upon whom process against it may which the SSNY shall mail a copy of any NY Sec. of State (SSNY) 01/15/08. Office whom process against it may be served LLC art. of org. filed Secy. of State NY be served and shall mail process to: The in New York County. SSNY design. agent and shall mail process to: c/o CT Crain's Classified is not responsible for(SSNY) corrupt 5/30/08. files submittedOff. loc. in NY by Co. client or adsCrain's run under Classified the wrong is not subheading. responsible forprocess corrupt against files the submitted KJF Documentaries by client or ads run under the wrong subheading. LLC, c/o Phillips Nizer LLP, 666 5th Ave., LLC served upon him is C/O KJF of LLC upon whom process may be Corporation System, 111 8th Ave., NY, NY SSNY designated as agent of LLC upon Crain's Classified is not responsible for corrupt files submitted by client or ads run under the wrong subheading. NY, NY 10103, Attn: Monte Engler, Esq. Documentaries 112 West 27th St. 6th flr. served. SSNY shall mail copy of process 10011, registered agent upon whom whom process may be served. SSNY Purpose: any lawful activity. NY, NY Purpose of : to engage in any law- to 641 Lexington Ave 6th Floor, New York, process may be served. DE address of shall mail copy of process to: Edward ful act or activity. Street address of NY 10022. Purpose: Any lawful purpose. LLC: 1209 Orange St., Wilmington, DE Notice of formation of Culinary Tech David Esq, 3 Becker Farm Rd, Roseland, Principal Business location is: 112 West 19801. Arts. of Org. filed with DE Secy. of Center, LLC. Arts. of Org. filed with the NJ 07068. Purpose: Any lawful purpose. 27th st 6th flr NY NY 10001. Notice of Formation of Harborview State, 401 Federal St., Dover, DE 19901. Sect’y of State of NY (SSNY) on Preservation GP II, LLC. Arts. of Org. filed Purpose: any lawful activity. NOTICE OF FORMATION of Action 6/13/2008. Office location, County of Notice of Formation of Hornstein Studios with Secy. of State of NY (SSNY) on Research NY LLC. Arts. Of Org. filed with New York. The street address is: 424 LLC. Arts. of Org. filed with Secy. of State 6/6/08. Office location: NY County. SCHARF MARKETING, LLC Articles of Org. Secy. Of State of NY (SSNY) on 5/08/08. West 33rd Street, Ste. 240, New York, NY of N.Y. (SSNY) on 6/16/08. Office loca- Principal bus. loc.: 60 Columbus Circle, filed NY Sec. of State (SSNY) 4/28/08. Office location: NY County SSNY desig- 10001. SSNY has been designated as tion: NY County. SSNY designated as NY, NY 10023. SSNY designated as agent Office in NY Co. SSNY desig. agent of LLC nated as agent of LLC upon whom agent to the LLC upon whom process agent of LLC upon whom process against of LLC upon whom process against it may upon whom process may be served. process against it may be served. SSNY against it may be served. SSNY shall mail it may be served. SSNY shall mail process be served. SSNY shall mail process to: SSNY shall mail copy of process to 122 W shall mail process to principal business process served to: The LLC, 424 West to princ. bus. loc.: c/o The LLC, 315 W. c/o Corporation Service Co., 80 State St., 26th St., #1100, NY, NY 10001, which is location: 330 W 72nd St., NY, NY 10023. 33rd Street, Ste. 240, New York, NY 39th St., Ste. 1305, NY, NY 10018. Albany, NY 12207. Purpose: any lawful also the principal business location . Purpose: Any lawful activity. 10001. Purpose: any lawful activity Purpose: any lawful activity. activity. Purpose: Any lawful purpose.

20 | Crain’s New York Business | July 21, 2008 nb29p20-22cls.qxp 7/17/08 11:16 AM Page 21

Crain's Classified is not responsible forCrain's corrupt Classified files submitted is not responsible by client or for adsCrain's corrupt run under Classified files the submitted wrong is not subheading. responsible by client or for adsCrain's corrupt run under Classified files the submitted wrong is not subheading. responsible by client or for adsCrain's corrupt run under Classified files the submitted wrong is not subheading. responsible by client or for ads corrupt run under files the submitted wrong subheading. by client or ads run under the wrong subheading.

PUBLIC & LEGAL NOTICES

Notice of Formation of 36 BEDFORD LLC. NOTICE OF FORMATION of ABILTO LLC. BLINK ENTERTAINMENT, LLC, a foreign Notice of formation of BMF Trading LLC. Notice of Qualification of Goldman Sachs Arts. of Org. filed with Secy. of State of Arts. Of Org. filed with Secy. Of State of Limited Liability Company (LLC) filed with Articles of Organization filed with Secy. Of Global Alpha Employee Fund, LLC. N.Y. (SSNY) on 4/13/07. Office location: N.Y. (SSNY) on 6/03/08. Office location: the Sec of State of NY on 5-29-08. NY State of N.Y. (SSNY) on 4/21/08. Office Authority filed with Secy. of State of NY Crain's Classified is not responsible forNY corrupt County. filesSSNY submitteddesignated as by agent client of or ads run under the wrong subheading. Location: New York County. SSNY desig- (SSNY) on 6/5/08. Office location: NY Crain'sNew York Classified County. SSNY is notdesignated responsible as forCrain'sOffice corrupt location: Classified files New submitted York is not County. responsible by clientSSNY or for ads corrupt run under files the submitted wrong subheading. by client or ads run under the wrong subheading. Crain'sLLC upon Classified whom process is not against responsible it may foragent corrupt of LLC files upon submitted whom process by clientagainst or adsis designated run under asthe agent wrong upon whom subheading. nated as agent of LLC upon whom process County. LLC formed in Delaware (DE) on be served. SSNY shall mail process to it may be served. SSNY shall mail process process against the LLC may be served. against it may be served. SSNY shall mail 1/27/06. SSNY designated as agent of princ. bus. loc.: c/o The LLC, 45 W. 8th to: National Registered Agents, Inc., 875 SSNY shall mail a copy of any process process to: 2226 N. Lincoln, Apt. 4A, LLC upon whom process against it may St., 2nd Fl., NY, NY 10011. Purpose: any Ave. of the Americas, Ste 501, NY, NY against the LLC served upon him/her to Chicago, IL 60614. Principal business be served. SSNY shall mail process to lawful activity. 10001. Principal business location: 880 The LLC, 303 Fifth Ave., Ste. 1606, NY, Crain'slocation: 251 Classified E. 32nd St., isnot Apt. responsible2H, NY, NY forprinc. corrupt bus. loc.: files Goldman submitted Sachs by Asset client or ads run under the wrong subheading. 5th Ave., Ste 5C, NY, NY 10021. Purpose: NY 10016. General purposes. 10016. Purpose: Any lawful activity. Management L.P., One New York Plaza, Notice of Formation of L & L Realty Holdings Any lawful activity. NY, NY 10004. DE address of LLC: 1209 LLC. Arts. of Org. filed with Secy. of State of Notice of Formation of Cohen Fashion Notice of Formation of Peak Property Orange St., Wilmington, DE 19801. Arts. N.Y. (SSNY) on 6/3/08. Office location: NY Notice of Qualification of Legg Mason Optical Store No. 246, LLC. Arts. of Org. Services LLC. Arts. of Org. filed with of Org. filed with DE Secy. of State, Crain's Classified is not responsible for corrupt files submitted by client or ads run under the wrong subheading. Secy. of State of NY (SSNY) on 6/18/08. County. SSNY designated as agent of LLC Crain'sGlobal Asset Classified Allocation, is LLC. not responsibleAuthority forCrain'sfiled corrupt withClassified Secy. files ofsubmitted State is of not NYresponsible (SSNY) by client on or for ads corrupt run under files the submitted wrong subheading. by client or adsTownsend run under Bldg., the Dover, wrong DE 19901. subheading. upon whom process against it may be filed with NY Sec. of State (SSNY) 6/6/08. Office location: NY County. SSNY Office location: NY County. SSNY desig- Purpose: any lawful activity. served. SSNY shall mail process to: c/o 6/25/07.Juris. of org: DE filed: 10/11/06 designated as agent of LLC upon whom nated as agent of LLC upon whom Moses & Singer LLP, Attn: Daniel S. Rubin, NY off. loc. in NY Co. SSNY designated as process against it may be served. SSNY process against it may be served. SSNY Notice of Formation of UWS VENTURES 405 Lexington Ave., NY, NY 10174. Purpose: agent of LLC upon whom process may be shall mail process to: Corporation Service shall mail process to princ. bus. loc.: 65 LLC, a domestic LLC. Arts. of Org. filed Crain'sany lawful Classified activity. is not responsible forserved. corrupt SSNY files shall submitted mail copy of by process client or adsCo., run 80 State under St., the Albany, wrong NY subheading.12207. Crain'sE. 55th St., Classified 18th Fl., NY, is notNY 10022. responsible forwith corrupt the SSNY files on submitted04/22/08. Office by clientloca- or ads run under the wrong subheading. to: Nat. Reg. Agents Inc., 875 Avenue of Purpose: any lawful activity. Purpose: any lawful activity. tion: NY County. SSNY has been designat- Notice of Formation of Strassburger the Americas, Ste 501, NY, NY 10001. ed as agent upon whom process against Notice of Formation of Elite Home Crain's Classified is not responsible forMeats corrupt LLC, filesArt. of submitted Org. filed Sec’y by clientof or adsLLC’s run principal under address: the wrong 399 Park subheading. Ave, Notice of Qualification of Talos Investment the LLC may be served. SSNY shall mail a State (SSNY) 4/26/02. Office location: NY NY, NY 10022. Arts of org. on file with Services, LLC. Arts. of Org. filed with copy of process to: Waqar Samad, PO Management LLC. Authority filed with NY Secy. of State of NY (SSNY) on 5/9/08. County. SSNY designated as agent of LLC SSDE, Div of Corps, PO Box 898, Dover, Crain'sDept. of State Classified on 6/16/08. is not Office responsible location: for corrupt files submitted by client or adsBox run 250642, under NY, the NY wrong10025. Purpose: subheading. Any DE 19903 Purpose: Any lawful purpose. Office location: NY Co. SSNY designated upon whom process against it may be NY County. Principal business address: Lawful Purpose. served. SSNY shall mail copy of process as agent of LLC upon whom process MAIDMAN REALTY GROUP LLC, a 570 Lexington Ave., NY, NY 10022. LLC against it may be served. SSNY shall mail Notice of Qualification of Atticus to 446 W. 14th St., NY, NY 10014. formed in Delaware (DE) on 6/14/07. NY Purpose: any lawful activities. domestic Limited Liability Company (LLC) process to: Diane Schottenstein, 165 Fundamental Holdings, LLC. Authority filed filed with the Sec of State of NY on 5-1- Secy. of State designated as agent of LLC West End Ave., Apt. 4D, NY, NY 10023. with Secy. of State of N.Y. (SSNY) on upon whom process against it may be Notice of Qualification of Anthion Partners, 08. NY Office location: New York County. Purpose: any lawful activities. 5/30/08. Office location: NY County. LLC Crain's Classified is not responsible for corrupt files submitted by client or adsserved run and under shall the mail wrong process subheading. to: c/o CT LP, App. for Auth. filed Sec’y of State SSNY is designated as agent upon whom formed in Delaware (DE) on 5/20/08. SSNY Corporation System, 111 8th Ave., NY, NY (SSNY) 3/28/08. Office location: NY process against the LLC may be served. Notice of Formation RCM and AJM Family designated as agent of LLC upon whom Crain's Classified is not responsible for10011, corrupt registered files submittedagent upon whom by client or ads run under the wrong subheading. County. LP org. in DE 3/27/08. SSNY des- SSNY shall mail a copy of any process LLC No. 1 art. of org. filed Secy. of State process against it may be served. SSNY ignated as agent of LP upon whom against the LLC served upon him/her to Crain'sprocess may Classified be served. is DE not address responsible of forCrain'sNY corrupt (SSNY) Classified files6/29/07. submitted Off. is notloc. in responsible byNY clientCo. or for adsshall corrupt run mail under process files the submittedto: wrongThe LLC, subheading. by767 clientFifth or ads run under the wrong subheading. process against it may be served. SSNY Maidman and Mittelman, LLP, 70 E. 55th LLC: 1209 Orange St., Wilmington, DE SSNY designated as agent of LLC upon Ave., 12th Fl., NY, NY 10153. DE address Crain's Classified is not responsible forshall corrupt mail copy files of submittedprocess to Attn: by David client or adsSt., run NY, underNY 10022. the General wrong purposes. subheading. 19801. Arts. of Org. filed with DE Secy. of whom process may be served. SSNY shall of LLC: Corporation Service Co., 2711 Moradi, 471 Broadway, #2, NY, NY 10013. State, 401 Federal St., Dover, DE 19901. mail copy of process to: c/o Joseph Centerville Rd., Ste. 400, Wilmington, DE DE office addr.: c/o CSC, 2711 Centerville Notice of Qualification of 767 Fifth Lender Purpose: any lawful activity. Michaels IV, Esq, Dunnington, Bartholow 19808. Arts. of Org. filed with DE Secy. of Rd., Wilmington, DE 19808. Cert. of LP on LLC. Authority filed with NY Dept. of State & Miller, 477 Madison Ave, 12th Fl, NY, State, P.O. Box 898, Dover, DE 19903. Notice of Qualification of PAC FIRST file: SSDE, Townsend Bldg., Dover, DE on 6/2/08. Office location: NY County. NY 10022. Purpose: Any lawful purpose. Purpose: any lawful activity. 19901. Name/addr. of each gen. ptr. avail. Principal business address: 800 Boylston PROPERTIES LIMITED LIABILITY COM- PANY. Authority filed with Secy. of State Name of LLC: TDF BRUCKNER, LLC. at SSNY. Purpose: any lawful activities. St., Ste. 1900, Boston, MA 02199. LLC NOTICE OF FORMATION of JCP VENTURES formed in Delaware (DE) on 5/29/08. NY of N.Y. (SSNY) on 4/8/08. Office location: Articles of Org. filed Dept. of State of NY LLC. Arts. Of Org. filed with Secy. Of State Notice of Qualification of Buffalo Secy. of State designated as agent of LLC Crain'sNY County. Classified LLC formed is in not New responsible Jersey foron corrupt 5/21/08. files Office submitted location in NY: by New client or adsof N.Y. run (SSNY) under on the 6/17/08. wrong Office subheading. loca- (NJ) on 3/14/08. SSNY designated as York County. Secy. of State designated as Resources, LLC. Authority filed with NY upon whom process against it may be Crain's Classified is not responsible fortion: corrupt New York files County. submitted SSNY designated by client or ads run under the wrong subheading. Dept. of State on 6/26/08. NYS fictitious served and shall mail process to: c/o CT agent of LLC upon whom process against agent of LLC upon whom process against as agent of LLC upon whom process name: Buffalo Resources Exploration, LLC. Corporation System, 111 8th Ave., NY, NY it may be served. SSNY shall mail process it may be served. Sec. of State shall mail against it may be served. SSNY shall mail to: 2 WFC, Ste. 36001, 225 Liberty St., a copy of process to: c/o The Doe Fund, Office location: NY County. LLC formed in Crain's10011, registered Classified agent is upon not responsiblewhom for corrupt files submitted by client or ads run under the wrong subheading. process to: 400 E 70th St., Suite 803, NY, Crain's Classified is not responsible for corrupt files submitted by client or adsNY,run NY 10281. under NJ the address wrong of subheading.LLC: Zhiyu Inc., 232 East 84th Street, New York, NY NV on 5/25/06. NY Secy. of State desig- process may be served. DE address of NY 10021. Principal business location: Hu, Esq., 151 Washington Ave., Edison, 10028. Purpose: any lawful activity. nated as agent of LLC upon whom LLC: c/o The Corporation Trust Co., 1209 400 E 70th St., Suite 803, NY, NY 10021. process against it may be served and shall NJ 08817. Arts. of Org. filed with NJ Orange St., Wilmington, DE 19801. Arts. NOTICE OF FORMATION of BCDR Solutions Purpose: Any lawful activity mail process to: c/o CT Corporation Division of Revenue, 225 West State St., of Org. filed with DE Secy. of State, LLC. Article of Organization filed with the System, 111 8th Ave., NY, NY 10011, reg- Loockerman & Federal Sts., Dover, DE 3rd Fl., Trenton, NJ 08608. Purpose: any Crain's Classified is not responsible for corrupt files submitted by client or ads run under the wrong subheading. lawful activity. Secretary of State of NY (SSNY) on Notice of Qualification of Canoe Ventures, istered agent upon whom process may be 19901. Purpose: any lawful activity. LLC. Authority filed with NY Dept. of State served. NV and principal business 03/04/08. Office location: NY County. SSNY Notice of Qualification of Lyrical Long-Only has been designated as agent upon whom on 6/6/08. Office location: NY County. address: 112 N. Curry St., Carson City, NV Notice of Qualification of Liberty Harbor, Value Partners LP. Authority filed with NY Principal business address: 333 3rd Ave., 89703. Arts. of Org. filed with NV Secy. of LLC. Authority filed with Secy. of State of process against it may be served. The Post Dept. of State on 7/7/08. Office location: NY, NY 10010. LLC formed in Delaware State, 202 N. Carson St., Carson City, NV NY (SSNY) on 6/5/08. Office location: NY Office address to which the SSNY shall mail NY County. LP formed in DE on 6/30/08. (DE) on 4/1/08. NY Secy. of State designat- 89701. Purpose: all lawful purposes. County. LLC formed in Delaware (DE) on a copy of any process against the LLC NY Secy. of State designated as agent of ed as agent of LLC upon whom process 12/8/06. SSNY designated as agent of Crain's Classified is not responsible forserved corrupt upon files him is submitted C/O the BCDR by client or ads run under the wrong subheading. LP upon whom process against it may be against it may be served and shall mail HIMMA LLC, Articles of Org. filed N. Y. LLC upon whom process against it may Solutions LLC, 151 1st Avenue #238, N.Y., served and shall mail process to the prin- process to: c/o CT Corporation System, Sec. of State (SSNY) 24th day of April, be served. SSNY shall mail process to N.Y., 10003. Date of Dissolution: No specif- cipal business addr.: c/o Lyrical Partners, 111 8th Ave., NY, NY 10011, registered 2008. Office in New York Co. at 131 princ. bus. loc.: Goldman Sachs Asset Crain'sic date. Purpose Classified of LLC: is to not engage responsible in any for corrupt files submitted by client or ads run under the wrong subheading. Crain's Classified is not responsible for corrupt files submitted by client or adsL.P., run 405 under Park Ave., the 6th wrong Fl., NY, subheading. NY 10022, agent upon whom process may be served. Varick Street, Suite 1026, New York, New Management L.P., One New York Plaza, lawful act or activity. Street address of Attn: Jeffrey A. Keswin, regd. agt. upon DE address of LLC: c/o The Corporation York 10013. SSNY design. agt. upon NY, NY 10004. DE address of LLC: 1209 Principal Business location is: 151 1st whom process may be served. DE address Trust Co., 1209 Orange St., Wilmington, whom process may be served. SSNY shall Crain'sOrange St., Classified Wilmington, is notDE 19801. responsible Arts. for corrupt files submitted by client or adsAvenue run #238, under N.Y., the N.Y., wrong 10003 subheading. of LP: c/o The Corporation Trust Co., 1209 DE 19801. Arts. of Org. filed with DE Secy. Crain's Classified is not responsible for corrupt files submitted by client or adsof Org. run filed under with the DE wrongSecy. of subheading.State, mail copy of process to 131 Varick Street, Orange St., Wilmington, DE 19801. of State, 401 Federal St., Dover, DE 19901. Townsend Bldg., Dover, DE 19901. Notice of Formation of LIPMAN DIGITAL, Suite 1026, New York, New York 10013. Name/addr. of genl. ptr. available from NY Purpose: any lawful activity. Purpose: any lawful activity. Crain's Classified is not responsible forLLC. corrupt Arts. of files Org. submittedfiled with Secy. by of client State or ads run under the wrong subheading. Reg. Agt. upon whom process may be Secy. of State. Cert. of LP filed with DE of N.Y. (SSNY) on 5/15/08. Office location: served: Spiegel & Utrera, P.A., P.C. 1 Secy. of State, 401 Federal St., Dover, DE NOTICE OF FORMATION of TAMUNANGUE, Name of LLC: EGL ASSOCIATES, LLC. New York County. SSNY designated as Maiden Lane, NYC 10038 1 800 576-1100 19901. Purpose: any lawful activity. LLC. Arts. Of Org. filed with Secy. Of State Articles of Org. filed Dept. of State of NY agent of LLC upon whom process against Purpose: Any lawful purpose. it may be served. SSNY shall mail process of N.Y. (SSNY) on 6/28/07. Office location: on 6/13/08. Office location in NY: New Notice of Formation of STRANGE CORE New York County. SSNY designated as York County. Principal bus. loc.: 667 to: The LLC, 408 W. 14th St., New York, Notice of Formation of Metropolitan PRODUCTIONS, LLC. Arts. of Org. filed Crain'sNY 10014. Classified Purpose: any is notlawful responsible activity. foragent corrupt of LLC files upon submitted whom process by against client or ads run under the wrong subheading. Crain'sAdvisory ClassifiedGroup, LLC. isArts. not of responsibleOrg. filed forMadison corrupt Avenue, files submittedNew York, NY by 10021. client or adswith run Secy. under of State the of wrong NY (SSNY) subheading. on it may be served. SSNY shall mail process with NY Dept. of State on 5/6/08. Office Secy. of State designated as agent of LLC 06/19/08. Office location: New York Notice of Formation of Trade X Media, to: c/o Lois M. Vitti, Esq., 12 Perry Street, location: NY County. Secy. of State desig- upon whom process against it may be County. Principal business location: c/o LLC. Arts. of Org. filed with Secy. of State 2C, NY, NY 10014. Date of Dissolution: Crain's Classified is not responsible fornated corrupt as agent files of submittedLLC upon whom by client or adsCrain'sserved. run underSec. Classified of State the wrongshall is not mail subheading. responsible a copy of forCrain'sApple corrupt Core Classified filesHoldings, submitted 1450 is not Broadway, responsible by client or for adsof corrupt N.Y. run (SSNY) under files on the submitted 6/12/08. wrong office subheading. by location: client or ads12/31/2095. run under Principal the wrong business subheading. location: process against it may be served and process to c/o Howard Guberman, 667 40th Floor, New York, NY 10018. SSNY NY County. SSNY designated as agent of 317 Pavonia Ave., #8, Jersey City, NJ shall mail process to the principal busi- Madison Avenue, New York, NY 10021. designated as agent of LLC upon whom LLC upon whom process against it may 07302. Purpose: Any lawful activity. ness address: 630 5th Ave., Ste. 2000, Purpose: any lawful activity. process against it may be served. SSNY be served. SSNY shall mail process to: NY, NY 10111, Attn: Stefan Miller, regis- shall mail process to: c/o Apple Core Robert N. Solomon, Esq., 1212 Avenue of Notice of Qualification of TS TRYLONS, tered agent upon whom process may be Notice of Qualification of Wolfensohn Capital Holdings, 1450 Broadway, 40th Floor, New the Americas, 18th Fl., NY, NY 10036. L.L.C. Authority filed with Secy of State of served. Purpose: any lawful activity. Partners Holdings, L.P. Authority filed with York, NY 10018. Purpose: Any lawful activity. Purpose: any lawful activity. NY (SSNY) on 07/10/08. Office location: Secy. of State of NY (SSNY) on 4/17/08. New York County. LLC formed in Notice of Qualification of PEQP1B1, L.L.C. Office location: NY County. Princ. bus. loc.: Notice of Qualification of J.H. Ferguson & Notice of Qualification of Third Avenue Delaware on 06/16/08. SSNY designated Authority filed with NY Dept. of State on 1350 Ave. of the Americas, Ste. 2900, NY, Associates, LLC. Authority filed with Secy. Buyer LLC. Authority filed with Secy. of as agent of LLP upon whom process 5/30/08. Office location: NY County. LLC NY 10019. LP formed in Delaware (DE) on of State of NY (SSNY) on 6/18/08. Office State of NY (SSNY) on 12/4/07. Office against it may be served. SSNY will mail formed in Delaware (DE) on 1/31/08. NY 4/7/08. SSNY designated as agent of LP location: NY County. LLC formed in location: NY County. LLC formed in process to: National Registered Agents, Secy. of State designated as agent of LLC upon whom process against it may be Illinois (IL) on 12/31/02. SSNY designat- Delaware (DE) on 11/21/07. SSNY desig- Inc., 875 Avenue of the Americas, Suite upon whom process against it may be served. SSNY shall mail process to: c/o ed as agent of LLC upon whom process nated as agent of LLC upon whom 501. New York, NY 10001. National served and shall mail process to: c/o CT Corporation Service Company (CSC), 80 against it may be served. SSNY shall mail process against it may be served. SSNY Registered Agents, Inc. is the Registered Corporation System, 111 8th Ave., NY, NY State St., Albany, NY 12207, registered agent process to: c/o National Registered shall mail process to: c/o National Agent as well. Address required to be 10011, registered agent upon whom upon whom process may be served. DE Agents, Inc., 875 Avenue of the Americas, Registered Agents, Inc., 875 Avenue of maintained in home jurisdiction: 160 process may be served. DE address of address of LP: c/o CSC, 2711 Centerville Ste. 501, NY, NY 10001. Address of the the Americas, Ste. 501, NY, NY 10001. Greentree Drive, Ste. 101, Dover, DE LLC: c/o The Corporation Trust Co., 1209 Rd., Ste. 400, Wilmington, DE 19808. principal office: 1800 Sherman Place, Ste. Address to be maintained in DE: 160 19904. Arts of organization filed with Del Orange St., Wilmington, DE 19801. Cert. Name/address of each genl. ptr. available 402, Evanston, IL 60201. Arts. of Org. Greentree Dr., Ste. 101, Dover, DE 19904. Secretary of State, Div of Corporations, of Form. filed with DE Secy. of State, from SSNY. Cert. of LP filed with DE Secy. of filed with IL Secy. Of State, 213 State Arts. of Org. filed with DE Secy. Of State, John G. Townsend Bldg. Federal & Duke Townsend Bldg., Dover, DE 19901. State, 401 Federal St., Dover, DE 19901. Capitol, Springfield, IL 62756. Purpose: 401 Federal St., Ste 4., Dover, DE 19901 . of York Streets, P.O. Box 898, Dover, DE Purpose: any lawful activity. Purpose: any lawful activity. any lawful activities. Purpose: any lawful activities. 19903. Purpose: Any lawful purpose

July 21, 2008 | Crain’s New York Business | 21 CNYB 07-21-08 A 22 7/17/2008 6:04 PM Page 1

REAL ESTATE DEALS

handled the transaction for the Major Chicago hedge fund owners. Newmark Knight Frank brokers Neil Goldmacher and Joshua Friedman represented QVT. expanding operations here —theresa agovino Law firm heads take over the 48th floor of the build- parel labels J. Lo and Tommy Ba- to midtown Citadel adds a third ing—better known as the Citigroup hama. full floor at Citi Center—between Lexington and Rue21, which markets afford- hiscock & barclay has signed a Third avenues. able, contemporary apparel for teen four-year lease for nearly 12,500 Center, for a total of Citadel already occupies the girls and boys, expects to move in by square feet at 7 Times Square,between 95,000 square feet 44th and 45th floors.Asking rents at mid-August. West 41st and West 42nd streets the building range from $105 to Allen Gurevich and Bruce Kurz- and Broadway and Seventh Avenue. itadel investment $150 a square foot. man of Newmark Knight Frank The law firm began moving into the Group is expanding in Jones Lang LaSalle represented represented rue21. space—roughly half the 44th New York.The Chica- building owner Boston Properties —adrianne pasquarelli floor—this week. Asking rent was go-based firm has Inc. CB Richard Ellis Inc. brokers $90 a square foot. signed a nine-year deal John Nugent and Andrew Sussman Fund expanding Hiscock & Barclay has a pen- Cfor an additional 30,500 square feet negotiated for Citadel. chant for subleases. The firm sub- at 153 E. 53rd St., bringing its total —theresa agovino in Silverstein tower leases its current space, at 26 Broad- LEA WINE BAR will open at 62 Pearl St. there to nearly 95,000 square feet. way, from a law firm and has The hedge fund, which has $20 bil- the credit crisis doesn’t seem to subleased its new digs from yet an- lion under management, will soon Teen retailer bows be hurting QVT Financial LP, other one, Brown Rudnick. ing rent was $178 a square foot for in garment district which is doubling its space at 1177 Newmark Knight Frank brokers the ground floor. Sixth Ave., between West 45th and Mark Weiss and John Moran repre- The main floor will house a apparel firm rue21 is setting up West 46th streets. QVT, which al- sented Hiscock & Barclay in the bistro,with seating for up to 60 peo- its first New York showroom. The ready occupies the ninth floor, deal. Robert Emden and Jeffrey ple. The larger cellar space will be retailer, headquartered in Warren- signed an eight-year lease for the Kahn of PBS Real Estate negotiat- used as an after-work lounge for the dale, Penn., recently signed a five- entire 10th floor, bringing the firm’s ed for Brown Rudnick. The build- business crowd and area residents. year lease for 3,800 square feet on total in the office tower to 48,000 ing, which is also known as Times “There are a lot of people moving the fifth floor of 1071 Sixth Ave.,be- square feet. Square Tower, is owned by Boston to the Wall Street area, and while tween West 41st and West 42nd The rent for the 10th floor aver- Properties Inc. there’s a lot of takeout, there aren’t a streets. ages about $100 a square foot over —theresa agovino lot of real sit-down restaurants,”says Adams & Co. brokers David the life of the lease, according to a Mario Carta, Lea’s owner. Levy and Jeffrey Schwartz repre- spokesman for Larry Silverstein, Mr. Carta operates a wine bar in sented the landlord.Asking rent was who owns the building in a joint Bistro to serve midtown, but this will be his first $44 a square foot. venture with the California State financial district restaurant. He expects to open Lea “They were looking for a central Teachers’ Retirement System. by October. location, and 1071 Sixth is in the This is the first deal in the build- wall street is getting a fresh taste Jason Maurer and Jeffrey Rose- heart of the transit triangle between ing since December, when the joint of French cuisine and much-needed man of Newmark Knight Frank Port Authority Bus Terminal, venture purchased it from Para- wine. Lea Wine Bar recently signed represented Lea Wine Bar. Stephen Grand Central Terminal and Penn mount Group Inc. for more than $1 a 15-year lease for 1,600 square feet Sjurset and David LaPierre of CB

buck ennis Station,” Mr. Levy says. billion. on the ground floor of 62 Pearl St., Richard Ellis negotiated on behalf CITADEL INVESTMENT is taking another Other tenants in the 12-story Roger Silverstein, senior vice just off Water Street, as well as the of the landlord. 30,500 square feet at Citigroup Center. building include well-known ap- president of Silverstein Properties, 3,000-square-foot basement. Ask- —adrianne pasquarelli

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PUBLIC & LEGAL NOTICES

Notice of Qualification of Agile Partners Notice of Formation of Reade Street Studio, NOTICE OF FORMATION OF ABEND & Notice of Qualification of Dada Notice of Qualification of Royalty Pharma Technologies, LLC. Authority filed with LLC. Article of Organization filed with the SILBER, PLLC. Article of Organization Entertainment, LLC. Authority filed with US Partners 2008, LP. Authority filed with Secy. of State of NY (SSNY) on 6/3/08. Secretary of State NY(SSNY) on 9/04/2007. filed with the Secretary of State of NY Secy. of State of NY (SSNY) on 6/12/08. Secy. of State of NY (SSNY) on 6/2/08. Office location: NY County. LLC formed in Office location New York County. SSNY (SSNY) on 4/30/2008 Office location NEW Office location: NY County. Princ. bus. Office location: NY County. LP formed in Delaware (DE) on 12/19/07. SSNY desig- has been designated as agent upon whom YORK County. SSNY has been designated loc.: 225 W. 34th St., Ste. 501, NY, NY Delaware (DE) on 3/26/08. SSNY desig- nated as agent of LLC upon whom process against it may be served. The Post as agent upon whom process against it 10122. LLC formed in Delaware (DE) on nated as agent of LP upon whom process process against it may be served. SSNY Office address to which the SSNY shall mail may be served. The Post Office address to 8/6/07. SSNY designated as agent of LLC against it may be served. SSNY shall mail shall mail process to: c/o National a copy of any process against the LLC which the SSNY shall mail a copy of any upon whom process against it may be process to princ. bus. loc.: 110 E. 59th Registered Agents, Inc., 875 Avenue of served upon him/her is C/O the LLC 103 process against the LLC served upon served. SSNY shall mail process to: c/o St., Ste. 3300, NY, NY 10022. DE address Crain's Classified is not responsible forCrain'sthe corrupt Americas, Classified files Ste. submitted 501, is NY, not NY responsibleby 10001. client or for adsCrain'sReade corrupt run Street, under Classified files 4th the Floor. submitted wrong is New not York subheading. responsible by NY client or for adsCrain'shim/her corrupt run underis Classified C/O files the the submitted LLC wrong is 151 not WEST subheading. responsible by client74TH or for adsCrain'sCorporation corrupt run under Classified files Service the submitted Co., wrong is not80 State subheading. responsible by St., client or for adsof corrupt LP: run c/o under Corporation files the submitted wrong Service subheading. byCo., client 2711 or ads run under the wrong subheading. Address to be maintained in DE: 160 10013. Date of Dissolution: N/A. Purpose of STREET, 7C. NEW YORK, NY 10023. Albany, NY 12207. DE address of LLC: Centerville Rd., Ste. 400, Wilmington, DE Greentree Dr., Ste. 101, Dover, DE 19904. LLC: to engage in any lawful act or activity. Purpose of PLLC: to engage in the prac- 2711 Centerville Rd., Ste. 400, 19808. Name/address of each genl. ptr. Arts. of Org. filed with DE Secy. Of State, Street address of Principal business tice of law. Street address of Principal Wilmington, DE 19808. Arts. of Org. filed available from SSNY. Cert. of LP filed with 401 Federal St., Ste. 4., Dover, DE 19901 . location is: 103 Reade Street, 4th Floor. Business location is: 419 PARK AVENUE with DE Secy. of State, PO Box 898, Dover, DE Secy. of State, Townsend Bldg., Dover, Purpose: any lawful activities. New York, NY 10013. SOUTH. NEW YORK, NY 10016. DE 19903. Purpose: any lawful activity. DE 19901. Purpose: any lawful activity.

Notice of Qualification of 932 Carroll LLC. Notice of Qualification of 111 15 ST LLC. Notice of Qualification of 1402 Sterling Notice of Qualification of 2255 Concourse Notice of Qualification of 382 Eastern Authority filed with NY Dept. of State on Authority filed with NY Dept. of State on LLC. Authority filed with NY Dept. of State LLC. Authority filed with NY Dept. of State LLC. Authority filed with NY Dept. of State 6/6/08. Office location: NY County. LLC 6/6/08. Office location: NY County. LLC on 6/6/08. Office location: NY County. LLC on 6/6/08. Office location: NY County. LLC on 6/6/08. Office location: NY County. LLC formed in Delaware (DE) on 5/30/08. NY formed in Delaware (DE) on 5/30/08. NY formed in Delaware (DE) on 5/30/08. NY formed in Delaware (DE) on 5/30/08. NY formed in Delaware (DE) on 5/30/08. NY Secy. of State designated as agent of LLC Secy. of State designated as agent of LLC Secy. of State designated as agent of LLC Secy. of State designated as agent of LLC Secy. of State designated as agent of LLC upon whom process against it may be upon whom process against it may be upon whom process against it may be upon whom process against it may be upon whom process against it may be served and shall mail process to the prin- served and shall mail process to the prin- served and shall mail process to the prin- served and shall mail process to the prin- served and shall mail process to the prin- cipal business address: c/o Hudson Realty cipal business address: c/o Hudson Realty cipal business address: c/o Hudson Realty cipal business address: c/o Hudson Realty cipal business address: c/o Hudson Realty Capital LLC, 250 Park Ave. So., 3rd Fl., Capital LLC, 250 Park Ave. So., 3rd Fl., Capital LLC, 250 Park Ave. So., 3rd Fl., Capital LLC, 250 Park Ave. So., 3rd Fl., Capital LLC, 250 Park Ave. So., 3rd Fl., NY, NY 10003. DE address of LLC: c/o NY, NY 10003. DE address of LLC: c/o NY, NY 10003. DE address of LLC: c/o NY, NY 10003. DE address of LLC: c/o NY, NY 10003. DE address of LLC: c/o Corporation Service Co., 2711 Centerville Corporation Service Co., 2711 Centerville Corporation Service Co., 2711 Centerville Corporation Service Co., 2711 Centerville Corporation Service Co., 2711 Centerville Rd., Ste. 400, Wilmington, DE 19808. Rd., Ste. 400, Wilmington, DE 19808. Rd., Ste. 400, Wilmington, DE 19808. Rd., Ste. 400, Wilmington, DE 19808. Rd., Ste. 400, Wilmington, DE 19808. Arts. of Org. filed with DE Secy. of State, Arts. of Org. filed with DE Secy. of State, Arts. of Org. filed with DE Secy. of State, Arts. of Org. filed with DE Secy. of State, Arts. of Org. filed with DE Secy. of State, P.O. Box 898, Dover, DE 19903. Purpose: P.O. Box 898, Dover, DE 19903. Purpose: P.O. Box 898, Dover, DE 19903. Purpose: P.O. Box 898, Dover, DE 19903. Purpose: P.O. Box 898, Dover, DE 19903. Purpose: any lawful activity. any lawful activity. any lawful activity. any lawful activity. any lawful activity.

22 | Crain’s New York Business | July 21, 2008 CNYB 07-21-08 A 23 7/17/2008 8:03 PM Page 1

NEIGHBORHOOD JOURNAL Foes want to ground FedEx’s plans in Astoria

trailers steaming through every move those 188 jobs to the Residents oppose day,” according to Assemblyman new facility. proposed facility, Michael Gianaris, who represents —hilary potkewitz Astoria. “There is already a signifi- say area has enough cant imposition on this neighbor- industrial traffic hood’s quiet residential life.” People always A recent town hall meeting have to eat land-sale plan pow- called by the United Community ered up by Consolidate Civic Association drew a crowd of how times have changed. Edison has residents in more than 100 opponents. Things go from bad to worse Astoria, Queens, Though the Public Service down in the gilded precincts of steaming. Commission has the final say, Mr. Wall Street, while up in the AThe company is close to a deal to Gianaris and other local officials Hunts Point section of the sell 21 of the 225 acres that it owns plan a formal protest as soon as the Bronx—long one of the city’s between the East River and 20th project application is filed. most depressed areas—busi- Avenue to make way for a FedEx Con Ed intends to sell the land nesses are thriving and hiring. Ground distribution center. to Steel Equities, a Long Island Lured by some of the city’s The proposal calls for a 225,000- City-based developer. The firm cheapest industrial rents— square-foot warehouse to be built on would then decontaminate the site which can run as little as $10 a the now-vacant strip of land.The fa- and build the facility,which it would square foot—and by a raft of cility would be open 24 hours a day, then lease to FedEx Ground. Steel federal, state and local subsi- FRESH CATCH: Fulton Fish five days a week, with about 80 and FedEx expect to invest about dies designed to stimulate job Market relocated to Hunts Point FedEx vans and 22 tractor-trailers $151 million in the project. growth, about a dozen busi- from lower Manhattan in 2005. making daily runs. Completion is Queens Community Board 1 nesses have set up shop in

expected by 2010. had suggested creating a waterfront Hunt Point in the past 12 getty images A spokesman for Con Ed says park and bike path. But such a months. At least seven estab- that the utility expects to submit the green future is unlikely for the plot, lished companies have announced ket.The Hunts Point Empire Zone and specialty food distributor, out- project application to the state Pub- which is one of the dwindling num- expansions. estimates that the district has about grew its 1,000-square-foot space a lic Service Commission in the com- ber around the city that remain Almost 450 jobs have been cre- 300 wholesale food businesses. while ago. The company recently ing weeks. zoned for industrial use. ated over the period, according to According to Josephine Infante, announced plans to buy and equip a Community leaders and locals A spokeswoman for FedEx says the Hunts Point Empire Zone. chief executive of the Hunts Point 27,000-square-foot building—and are against the plan.They claim that that the company conducted nu- Much of the credit for the neigh- Economic Development Corp., the add 26 jobs, for a total of 65. their district is already unfairly bur- merous transportation and envi- borhood’s economic resilience goes area now has a self-contained “clus- The price tag for the expansion is dened by such complexes, including ronmental studies. She also notes to its status as the hub of New York’s ter” of food-related companies that nearly $5 million; the city Industri- Con Ed’s liquefied natural gas facil- that truckers would not use resi- food industry—just about as reces- are building on their success. al Development Agency will pro- ity and vehicle maintenance garage, dential streets. sion-proof a business as exists. “Businesses here constantly buy vide financing. La Guardia Airport and a large of- FedEx also promises to add 300 Hunts Point,the longtime site of from each other to help serve the “Business is better than ever,” fice park. jobs in Astoria from 2010 through the city’s wholesale vegetable and needs of their customers,” Ms. In- says Jeff Lichtenstein, founder of “The last thing the neighbor- 2017. The company plans to close meat markets, more recently be- fante says. Gourmet Guru. hood needs is dozens of tractor- its nearby Maspeth facility and came home to the Fulton Fish Mar- Gourmet Guru Inc., an organic —alexandra gratereaux Small provider could get squeezed in cable war

the challenge, according to Tony partment of Information Technolo- Verizon installing fiber- Verizon FiOS. RCN has most Ontiveros, general manager for gy & Telecommunications. optic cable when they can already Mr. Ontiveros says: “We are the to lose in Verizon’s RCN in New York. The company serves five metro- choose between RCN and Time scrappy old guy. We continue to “We created competition more politan areas, including Washing- Warner Cable. have the competitive advantage in entry into the city’s than 10 years ago in the city,” Mr. ton and Boston, and has about Additionally, Mr. Joyce points David versus Goliath.” cable TV market Ontiveros says. “We understand 421,000 subscribers in total. RCN’s out that RCN’s broadband service, competition more than the incum- largest market is Pennsylvania’s at 20 megabytes, is comparable to COMMENTS? [email protected] bent cable providers.” Lehigh Valley. BY AMANDA FUNG In New York,RCN partners with Heightened urgency building owners to offer service in EXPLORING CAREERS now that Verizon Communica- the new york Public Service co-ops and condominiums. Verizon tions Inc.can sell cable TV service in Commission gave Verizon final ap- has recently begun speaking to own- New York City, it will be trying to proval last week to offer cable TV. ers.Though RCN insists that it isn’t HOSTS SOUGHT FOR HIGH SCHOOL GROUPS steal customers from Time Warner The company is expected to fast- concerned about Verizon’s entering THE GREATER NEW YORK COUNCILS’ Exploring program is seeking Cable Inc. and Cablevision Systems track plans to offer FiOS TV to res- the fray,it has ramped up its market- businesses to host educational sessions offering high school students the Corp., the city’s two largest idents in all five boroughs. ing efforts. opportunity to explore various industries and make better decisions about providers. Verizon’s arrival intensifies the For instance, RCN announced in possible career choices. But RCN Corp., a regional cable need for RCN to retain its cus- June that Justin Tuck, a defensive provider, has the end for the New York Giants, and The Exploring program puts together groups of 15 to 25 students most to lose. Its Brad Smith, a wide receiver for the interested in specific fields, such as journalism, computing services, law or customers in New CABLE RATINGS New York Jets, have become local restaurant operations. York City repre- celebrity spokespersons. It also re- The student groups meet at the host businesses after school for four or sent about 25% of Provider # of NYC subscribers % of total cently sponsored the Manhattan Is- more sessions, learning about career ladders, educational requirements, salary scales and what people in their selected fields actually do. Businesses the company’s to- Time Warner 1,200,000 8% land Marathon Swim. tal.That compares often arrange special projects for the students, such as preparing marketing with 8% for Time Cablevision 600,000 20% Sitting tight materials for a product, designing the concept for a new restaurant, engaging Warner and 20% mr. ontiveros declines to discuss in moot courts and the like. for Cablevision. RCN 100,000 25% the size of RCN’s subscriber base in Programs start throughout the year, and the timing is tailored to fit Though its per- Source: Department of Information Technology & Telecommunications the city but notes that the company business schedules. Participating organizations include Bloomberg LP, centage is similar, has had eight consecutive quarters Crain’s New York Business, the Fire Department of New York, NYU Medical Cablevision is much larger than tomers in Manhattan and of customer and revenue growth. It Center, PricewaterhouseCoopers, Silvercup Studios, Skidmore Owings RCN and has more resources to Queens—the only two boroughs it reported first-quarter revenues of & Merrill, The Waldorf-Astoria, and the Brooklyn and Queens district compete with the newcomer. has chosen to serve—where it al- $180 million,up 17% from the year- attorney’s offices. “RCN is a small company,” says ready contends with Time Warner. earlier period; earnings were up 2%, For more information, please call Exploring director Bob Hayes at David Joyce, media and cable ana- RCN, based in Herndon, Va., to $34 million. (212) 651-2808, or visit www.nyexploring.org. lyst at Miller Tabak + Co. has about 100,000 subscribers in Analysts say that co-op buildings Small, yes, but more than up to New York,according to the city De- might not want the disruption of

July 21, 2008 | Crain’s New York Business | 23 Project5 7/1/08 5:09 PM Page 1 CNYB 07-21-08 A 25 7/17/2008 7:25 PM Page 1

BUSINESS CORPORATE LADDER TV veteran will pump up CBS College Sports Network PAGE 27 buck ennis

GOTHAM GIGS Beach bum MARC ALTHEIM, 45, loves While the kids are away games and can’t get enough of the beach. He combined his For parents, summer camp provides rare taste of independence passions by founding Beach Tennis USA in 2005 and bringing the game—played on a beach volleyball court with tennis racquets and a depressurized tennis ball— stateside. “I’ve been a racquet guy my whole life,” he says. PART-TIMER The Long Island native’s day job is running Atlantic Development Group, a real estate development firm that Mr. Altheim co-founded. He discovered beach tennis while vacationing in Aruba in 2003 and was immediately intrigued. East Coasters were equally smitten when he introduced it here.“It was kind of novel,” he says.“They just licked it up.” GOLD MEDAL Beach Tennis USA, which boasts nine full- time staffers, has organized several tournaments for both amateurs and professionals. Last year, it snagged a deal to appear on the SNY network. LAUREN MANDELBAUM Mr. Altheim hopes to make of Web site Stardoll and her husband, Ira, will be beach tennis an Olympic sport chasing each other this by 2020.“It has a fun, universal summer. appeal,” he says.“It’s cool, sexy and hip.” buck ennis —sarah studley themselves relishing the simplest BY MATTHEW FLAMM things—like meeting friends for EXPERT OPINIONS dinner on the spur of the moment, here is no sensation like the start of camp. Fresh air, new friends, or taking off to Vermont for the WHERE CAN I PLAY TENNIS weekend, or just, um, lounging THIS SUMMER? the pang of homesickness and zing of independence pack an emotional wallop for children fortunate enough to go away. around the house. summer is a fantastic time to “The joke is I will need a new start playing tennis. I But that’s nothing compared to how Mom and Dad feel,now that they pair of track shoes,” says Lauren recommend playing in the finally have the house to themselves. Mandelbaum, a senior account ex- parks, where lessons are “It’s like being let out of jail,” says Daniel Lisser, managing director of ecutive at teen Web site Stardoll typically cheaper than at Johnson Capital’s New York office, who is alone with his wife for the first whose two sons are gone for the first indoor courts.The USTA’s time. “People say to me, ‘What are summer in 11 years.“I’d tell people both kids are going away, and I’d start Billy Jean King National you doing this summer?’ And I say, Tennis Center in Flushing, doing this little dance.” ‘Running from my husband.’ ” Queens, where the U.S. Open Sending the kids off for the summer has been an annual ritual in the Northeast going back as The big treat for some parents is is played, often has free to enjoy that second margarita or far as 1861, according to the American Camp Association, which says the nation’s first camp was other mood-altering substance that clinics. Tin Washington, Conn. they wouldn’t indulge in with chil- They also dren around. have a But in an age when parents’ time revolves more and more around their offspring’s jammed schedules, the summer camp break provides an increasingly rare taste of what life for grownups Rick Cusick, the associate pub- QuickStart lisher of marijuana bible High Times program for used to be like—and what it will be again, when the nest empties for good. and a single dad, got to live like “a kids, with smaller racquets Parents, of course, miss their children when they’re away. But the newly freed adults also find See PARENTS’ on Page 26 and low-pressure balls. Make it social by getting involved with a league or team; try the STATS courts at Central Park for a good mix of skill levels. CAMP 260,000 —ilana kloss 599 Chief executive Number of sleepaway Number of children at those and commissioner ROLL CALL camps1 in the Northeast2 camps World TeamTennis 1-American Camp Association accredited camps only. 2-New York, Pennsylvania, Delaware, New Jersey, New Hampshire, Rhode Island, Connecticut, Maine, Massachusetts, Vermont. Source: American Camp Association istockphotos

July 21, 2008 | Crain’s New York Business | 25 CNYB 07-21-08 A 26 7/17/2008 7:47 PM Page 1

BUSINESS LIVES TABLE TALK by Bob Lape ger oil, fennel and plums. Two pas- tas make up the second course op- tions. A large raviolo with soft egg yolk, sheep’s milk ricotta and spinach is outstanding, and a dish hand-rolled garganelli studded with fava beans and bottarga di tonno— tuna roe—is first-rate. Three main courses also lean PRE-PRODUCTION: The Latin. A summery, vegetarian risot- Bedford Post Inn will THE BARN AT eventually have a second to involves mascarpone, leeks, restaurant, a vegetable chanterelles and basil. For seafood BEDFORD POST INN garden and eight luxury fanciers, Long Island striped bass is 954 Old Post Road (Route 121) suites. garnished with grigliata di polpo (oc- Bedford Village, N.Y. topus); babi beans (baby limas); and (914) 234-7800 la ratte potatoes, fingerling-like # ½ spuds with a nutty,buttery character. Esteemed Berkshire pork—done CUISINE Contemporary American up with stone fruits,watercress and a WINES 22 choices, 16 by the velvety, rich sweet onion soubise— glass provides the allure for carnivores. Desserts are the aforementioned DRESS No code

buck ennis granita; a lackluster, three-flavored NOISE LEVEL Loud gelato Napoletano; and an artisanal cludes stints at Oceana in Manhat- cheese plate with diminutive specks PRICE RANGE Four-course prix tan, Bix in San Francisco and Vu in of Robiola and Gorgonzola. Good, fixe, $75 Scottsdale, Ariz., sets a fascinating but blink and you’ll miss them. WINE MARKUP 50%-575% Looking for table.His food is visually robust and For a restaurant promising a CREDIT CARDS All major full of intriguing combinations. 6,000-bottle cellar soon, The Barn It also has some real puzzlers for offers a stunningly small, obscure RESERVATIONS Required, with anyone not up on über-chic food- list.Markups are all over the lot,and credit card Mr. Goodbar stuffs such as Bubalus Bubalis moz- some of the you-never-heard-of- HOURS Breakfast, Mon.-Fri., zarella, made in Gardena, Calif., them-before bottles are bumped up 8 a.m.-10:30 a.m.; Lunch, Mon.- Richard Gere’s inn bles of Bedford Post Inn bring an- from water buffalo milk. The firm- only 50% from retail. Then there’s Fri., 11:30 a.m.-2:30 p.m.; other of Mr.Gere’s films to mind:I’m textured cheese is one element in a the Peirano 2006 Viognier, from Brunch, Sat.-Sun., 8 a.m.-3 p.m.; in Westchester still Not There.At least not when we were. nicely composed heirloom tomato Lodi, Calif., which can retail at Dinner, Thurs., Fri., Sat., 6:30 The inn’s dining facilities are an salad. A dab of olive oil sorbet pro- $9.90. It’s $68 here. Hello! p.m. and 8:30 p.m. seatings has a ways to go unfinished symphony with an iden- vides a flavor jolt, and a fried sage What’s more,The Barn is licensed tity crisis.A formal dining room seat- leaf is an added adornment. strictly for beer and wine,and its wine ####= Outstanding t’s no surprise that a pretty ing 75 is said to be on its way. Until The menu contains just 10 items, glasses are absurdly small.We are told ###= Excellent woman is the greeter at then,a 50-seat bakery café called The from the amuse-bouche of chilled that proper ones are “on order.” ##= Very good Richard Gere’s country inn in Barn is the stage for chef Brian Cranshaw melon soup with pine Not to cause primal fear, but #= Good Westchester. Lewis’ sophisticated take on modern nuts, Prosecco and lime, to dessert Bedford Post’s keepers of the book If the flock of male patrons American, farm-to-table cuisine. of espresso granita topped with car- require credit card numbers with Iis not already breathless, the tall, The property includes 100 acres damom mousse and a minuscule reservations, and people canceling agreeable service and lots of poten- striking blonde’s smile may make of horse trails and will have the two pistachio shortbread. less than 24 hours in advance incur tial. It should come out fine in Post- them imagine asking, “Shall we restaurants, a working vegetable Virtually everything is small, vi- a $30 penalty. production. dance?” Women hoping that the sil- garden and eight luxury suites. brant and possessed of Italian influ- In the final analysis, the new old ver-maned actor might work the ta- Mr. Lewis, whose résumé in- ences. There’s crudo dressed in gin- country inn has a talented chef, COMMENTS? [email protected] Parents’ freedom TROUBLE SPOTS FREEDOM FOR MOM AND DAD can be disorienting as well as liberating. Without Continued from Page 25 like a vacation.” the distraction of children, some couples find they have nothing to talk about. guy in a dorm room”earlier this sum- The break may be almost a vaca- “When you’re raising children, it’s easy to fall out of touch with each Local Experts Worldwide mer when his 10-year-old daughter tion, but having the children gone other,” says Ingrid Schweiger, a therapist in Manhattan. went to camp for the first time. isn’t entirely a picnic. Parents report She recommends using the summer to re-energize the relationship or to HAMPTONS PROPERTY “The bong comes out, and I sit feeling lonely without their kids and seek professional help if that seems impossible. An unhealthy response around in my underwear, eat TV anxious about how they’re faring. would be for a couple to work longer hours and find ways to avoid each other. dinners and watch Keith Olber- At the least, a deserted home re- The summer break is also good practice for the real empty nest. mann,”Mr.Cusick says.“It’s almost quires a period of adjustment. “It’s a very good exercise,” says Alissa Sandler, a clinical social worker at “You walk around lost for a cou- Hackensack University Medical Center in New Jersey. It teaches ple of days,” says Nancy Behrman, a parents “they can have a life when the children leave home single parent of two teenage daugh- permanently,” she adds. ters and owner of her own public re-

lations firm. istockphoto Other parents, though, get used to the change in a hurry. Behrman, who’s looking forward to “We can go to the theater with- the “luxury of going to dinner parties out waiting for the weekend,” says It’s a good thing and being open, perhaps, to dating.” Ms.Speciale,who is president of in- “it’s very quiet and a little eerie Parents who have already been vestment and activation at Media- sometimes,” says Carson Gleber- through a summer alone make the Vest. “Every day is a weekend.” SOUTHAMPTON, NY All Approvals for Office Building in Prime Location:This man, a former consultant, referring most elaborate use of the time. Indeed,freed parents can find the 2.5-acre commercial parcel has it all. to her Manhattan apartment. She Donna Speciale’s son and most mundane events extraordinary. With all approvals for a 15,000+ sq. ft. SUPERIOR OFFICE and her husband have never before daughter have both been away for “I came home last night at 8 office building, this property is ideal for the developer/investor ready to act on AVAILABILITIES had all three children away.“I think the last four summers.The advertis- o’clock and nobody was there,” Mr. a unique opportunity in a prime location. about it for about 45 seconds,” she ing executive and her husband now Lisser says with the hushed awe of Zoned office-business. $3,100,000.WEB: 212.594.2700 adds, “and then it’s like, ‘Yes!’” kick off the season with a weeklong someone describing sunset in the CR0054098. Southampton Brokerage, John McHugh, 631.283.0600 Ext. 37 Some single parents find the bike trip, like the one they recently Himalayas. “I could relax. Usually, break a good time to reconnect with took in the San Juan Islands in the my day starts over at 8 o’clock.” Sotheby’s International Realty, Inc. is owned and operated by NRT LLC. Sotheby’s International the opposite sex.“I’m going through Pacific Northwest. Realty® is a registered trademark. SLGREEN.COM a divorce, and this will be my first For the rest of the summer, COMMENTS? summer alone,so to speak,”says Ms. they’re happy to have no plans. [email protected]

26 | Crain’s New York Business | July 21, 2008 CNYB 07-21-08 A 27 7/17/2008 6:02 PM Page 1

BUSINESS LIVES CORPORATE LADDER Steve Herbst Sports buff’s got game TV vet will pump up the 90 million households with ac- cess to ESPN’s Monday Night Foot- PERSONNEL FILE programming, visibility ball, for example. “We need to get the word out COMPANY CBS College Sports at CBS College Sports that we’re here,” says Mr. Herbst. Network Network; big rivals He faces an uphill battle, howev- TITLE Executive vice president, er. College football and basketball general manager conference championships already BY HILARY POTKEWITZ have exclusive agreements to be cov- AGE 41 ered by ESPN and NBC. RÉSUMÉ Senior vice president, any business exec- broadcasting, and general Going behind the scenes utives say that their manager, NBA TV original dream was mr.herbst admits that being shut to work in sports. out of those marquis tournaments is HOMETOWN Peekskill, N.Y. But Steve Herbst crippling. MANAGEMENT STYLE Calm, Mactually followed through on that “What we need to offer is the be- even-keeled dream. hind-the-scenes stuff—the person- “I always knew I’d work in al stories about individual athletes,” sports,” says the 41-year-old Mr. he says.“We have to go for the game “Steve was always internally Herbst, who was recently appointed behind the game, because that’s known as ‘the fixer,’” says Adam Sil- executive vice president and general what people are interested in.” ver, deputy commissioner for the manager for the CBS College Sports And that’s where his television NBA, who worked with Mr. Herbst

Network after a 20-year stint at the producing skills will come in handy. for 15 years. buck ennis cable television operation of the Na- At NBA TV, Mr. Herbst is credited Mr. Herbst could clean up any tional Basketball Association. with creating such original pro- broadcast situation and come up sion watching basketball, soccer and was 10 years old. “I was the intern that never left,” gramming as NBA Inside Stuff and with creative solutions to any pro- baseball. Though he loved playing, It was the pageantry of the col- he jokes of his tenure at NBA TV. NBA Match-up. duction crisis, says Mr. Silver. he knew he’d never have a future on lege game that got him, he recalls, At the CBS College Sports, Mr. At CBS,Mr.Herbst hopes to cre- the field, so he paid attention to the and the tradition, history and pride Herbst is charged with expanding ate a must-see show for college sports Rare breed team managers and owners. “I knew that went along with it. distribution and creating more orig- fans. He sees something similar to “he’s a calming influence and al- who all those guys were, and I fol- “I fell in love immediately,” says inal programming. ESPN’s ubiquitous SportsCenter or ways kept an even keel—which def- lowed them,” he says, thinking that Mr. Herbst, who lives in Milburn, Though the cable network was even a show that recaptures the mag- initely set him apart in this environ- someday he’d like to be one of them. N.J., with his wife, Beth, and their founded in 1999—back then it was ic of ABC’s Wide World of Sports, the ment,” Mr. Silver adds. His first sports memory is going two children. called College Sports TV—it is long-running series that brought A self-proclaimed sports junkie, to an Army versus Washington available in only about 25 million unique sports from around the globe Mr. Herbst spent his childhood in State University football game at COMMENTS? homes. That’s peanuts compared to to U.S.audiences from 1961 to 1998. Peekskill, N.Y., glued to the televi- West Point with his father, when he [email protected]

EXECUTIVE MOVES

ACCOUNTING & CONSULTING created position, from copy manager, Nomura Asset Management USA Inc.: Marcum & Kliegman: Matthew Pinto, 39, Victoria’s Secret Direct. Rajiv Sobti, 52, was named chief invest- HOT JOBS was named partner. He had been a senior ment officer, Nomura GroupAlpha. He was manager at Schonbraun McCann Group. ARCHITECTURE & DESIGN formerly president and chief investment Robert Weiner, 40, was named partner. He IA Interior Architects: Christopher officer at Proxima Alfa Investments. WANTED: DIRECTOR OF DIGITAL had been a senior manager at Schonbraun Blackadder, 35, was promoted to principal Pali Capital Inc.: Joseph Schenk, 49, was McCann Group. from senior associate. appointed chief operating officer. He was MEDIA PRODUCTION formerly executive vice president and chief ADVERTISING & COMMUNICATIONS EDUCATION financial officer at Jefferies Group Inc. COMPANY A&E Television Networks Jack Morton Worldwide: Daniel Diez, 32, Brooklyn College: William A. Rosenthal & Rosenthal: Peter Menna, 50, JOB DESCRIPTION Overseeing the development of promotional was named manager, public relations. He Tramontano, 54, was appointed chief was named executive vice president. He multimedia spots for The History Channel and History International; had been senior account supervisor at academic officer. He was formerly acting was formerly vice president of business supervising producers, editors and designers Klinger Partners. provost and vice president, academic development at CIT. Walek & Associates: Paul Del Colle, 57, affairs, at Lehman College. MOST IMPORTANT TASKS Project planning, budgeting and helping joined as senior account executive. He had Laboratory Institute of Merchandising: LAW develop marketing strategies, as well as ensuring that all content been account supervisor at Anreder & Co. Michael Londrigan, 53, was named DLA Piper: Leon Medzhibovsky, 36, joined follows AETN’s rights and clearances procedures chairperson, fashion merchandising as partner. He had been senior counsel at APPAREL & RETAIL department. He was formerly instructor, Fulbright & Jaworski. CREDENTIALS NEEDED At least 10 years experience in television Victoria’s Secret: Lynette Cortez, 43, was fashion merchandising, at Berkeley College. Yvan-Claude Pierre, 40, joined as partner. production with three years in management and production super- promoted to senior vice president of He had been partner at Fulbright & vision. Strong editorial skills required; advertising skills a plus. creative, Victoria’s Secret Direct, from vice FINANCE & INSURANCE Jaworski. president, graphic design and production. Ardour Capital Investments: Klaus M. Orrick Herrington & Sutcliffe: James A. SALARY $225,000 to $275,000, according to industry sources Katharine Harding, 42, was promoted to Korzilius, 41, was appointed senior vice Mercandante, 46, was named partner. He UPSIDE The chance to lead a creative promotional team for two vice president of creative strategy and voice president, institutional sales. He was had been a partner at Baker & Hostetler. from vice president, copy, Victoria’s Secret formerly senior vice president of Pillsbury: Scott Landau, 38, joined as popular channels at home and overseas Direct. institutional sales for German-speaking partner. He had been special counsel at DOWNSIDE With the economy softening, all ad-supported media is David Penn, 45, was promoted to Europe at Maxim Group. Schulte Roth & Zabel. under pressure to grow revenue. associate vice president of creative services AXA Equitable Life Insurance Co.: Chris Schiff Hardin: Don M.Tellock, 38, joined as —DAMIAN GHIGLIOTTY from creative director. Winans, 57, was named senior vice partner. He had been a partner at Arent Fox. Tonya Hudson Clinton, 40, was promoted president, external affairs, a newly created Schulte Roth & Zabel: Mark S. Mandel, to creative director, graphic design, from position, effective July 29. He was formerly 45, joined as partner. He had been a senior art director, graphic design. vice president, media relations, at partner at Morgan Lewis. Katie Degentesh, 34, was promoted to American International Group Inc. creative director, copy, from director, copy. CitiMortgage: Sanjiv Das, 46, rejoined as MEDIA & ENTERTAINMENT National Basketball Association: Ronald newly created position. She had been vice Sarah Stark, 33, was promoted to manager chief executive. He had been a managing Bravo Media & Oxygen Media: Jennifer L. Johnson, 53, was appointed senior vice president of operations at William B. May of creative strategy and voice, a newly director at Morgan Stanley. Turner, 34, was named vice president, president, referee operations, a newly Real Estate. Dahlman Rose & Co.: James Manfredonia, licensing and strategic partnerships, a created position. He was formerly deputy 46, was named managing director. He was newly created position. She had been vice commanding general at the U.S. Army SERVICES EXECUTIVE PROMOTIONS formerly senior managing director at Bear president of drama programming at Corps of Engineers. ACC Construction Corp.: James Winters, The fastest way to get an announcement into Stearns & Co. Universal Media Studios. 49, was named director of operations. Crain’s is to submit details online. Fill out the form Jefferies & Co.: John Fargis, 42, was named City Lights Digital: Chachi Senior, 35, was REAL ESTATE He was formerly director of operations at www.crainsnewyork.com/submit. The managing director. He had been a senior promoted to vice president of digital pro- Halstead Property: Francine M. Schwartz, at Interstate Industrial Corp. Executive Moves column is also available online. managing director at Bear Stearns & Co. duction from director of digital production. 60, was named director of operations, a —sarah studley

July 21, 2008 | Crain’s New York Business | 27 CN012074 6/4/08 4:51 PM Page 1

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