TOP STORIES Some help for Loft stumbles put Wall St. —Greg David the heat on CEO on a tech at Ann Taylor guru who’s rebuilding PAGE 2 the sector ® Landlords compete Page 13 as 3 financial firms start shopping for new headquarters VOL. XXIII, NO. 6 WWW.NEWYORKBUSINESS.COM FEBRUARY 5-11, 2007 PRICE: $3.00 PAGE 2 NY creates an art Why Mike extravaganza; Hillary leads Dems, look out, Miami can wait PAGE 3 Republicans in poll The people who make meetings until dust New York voters would choose happen; Q&A with senator over Obama, Giuliani NYC tourism czar settles BY ERIK ENGQUIST REPORT, PAGE 19 He can get on ballot 2008 Olympics sen.hillary rodham clinton is poised to as independent as trump all comers in New York’s presidential lure firms hoping late as spring ’08 primary and general elections in 2008, to break into according to a Crain’s New York Business poll. China market BY ANNE MICHAUD The survey of 600 registered voters across PAGE 30 the state also found that Rudy Giuliani would every day, it seems that a new handily win a Republican primary but lose gettyimages presidential candidate is jumping GETTING AN EARLY JUMP BUSINESS LIVES into the race and jetting off to Iowa, the state in a final race for the White House. CUPID TALKS SHOP the site of the first 2008 vote. But In addition, the results show that Mayor If the 2008 general election for president were held the buzz around whether Michael Bloomberg, if he runs as an today and the candidates were Democrat Hillary Rod- Mayor Michael Bloomberg independent, would be little more than ham Clinton, Republican Rudy Giuliani and independent will run as an independent Michael Bloomberg, for whom would you vote? a long shot. presidential candidate has ★ ★ ★ ★ died. The results reflect the advantages LOOKING That’s because the may- TOWARD enjoyed by Ms.Clinton,who is fresh off or’s strategy now is to wait— a $30.8 million re-election campaign in probably as late as April 2008 A Valentine’s Day guide 2008. While others seek to which she drew 67% of the vote and is for men on the hunt for lock up financial support and dele- the only New Yorker to have announced a the perfect gift PAGE 35 gates,the mayor can watch the field presidential bid.In a prospective Democratic dwindle and decide if he should 49% 27% 7% primary, the second-term senator was Hillary Rodham Rudy Michael run. Clinton Giuliani Bloomberg “Because he doesn’t have to do favored by 54% of party members, far ahead AT DEADLINE fund raising and he doesn’t have of Sen. Barack Obama, D-Ill., at 18%, and Additional results: primaries, he could get in pretty John Edwards, a former North Carolina 1% Would not vote BROADWAY PROPERTIES late,” says veteran political consult- 2% Other ACQUIRED 450 W. 33RD ST. for ant Joseph Mercurio. “He can go senator, at 5%. 14% Don’t know/No response/Refused to answer more than $700 million from around the country talking about In one-on-one matchups with Republicans, Based on 600 responses. Source: Charney Research the Chetrit Group, which See WHY BLOOMBERG on Page 8 See HILLARY LEADING on Page 8 had bought the property in 2003 for $315 million. The building, between Ninth and 10th avenues, is home to several media companies including the Daily News, the Rebuffed bid leaves Nasdaq isolated Associated Press and WNET/Channel 13.The building comes with 800,000 bid officially expiring Saturday, the square feet of air rights that Founders as NYSE gamble appears doomed. could be developed. Douglas strengthens global The failure will leave America’s Harmon of Eastdil Secured second-largest stock exchange not was the broker on the deal. position; solid gains just empty-handed,but also severe- in its home market ly hobbled in its quest to become a MERRILL LYNCH & CO. PULLED global powerhouse. IN FAR GREATER ASSETS last The battle has consumed a huge year than any other securities BY AARON ELSTEIN amount of Nasdaq’s capital and has firm, according to a report in distracted its management as rivals today’s Investment News.The ten months ago, the Nasdaq were busy merging and forming al- publication reported Merrill Stock Market Inc. risked its long- liances in a quickly consolidating See AT DEADLINE on Page 2 term future on a hostile bid for the global marketplace. London Stock Exchange.With the “Nasdaq has painted itself into a corner,” says Seth Merrin, chief ex-

ecutive of Liquidnet Inc., a Man- lindström bekka hattan trading firm that competes with Nasdaq and the NYSE for or- world’s two largest stock market- Chicago futures exchanges are ders. places came only weeks after the combining to form a colossal mar- ELECTRONIC EDITION Meanwhile, the New York NYSE bought a stake in India’s ket of their own. Stock Exchange formed an alliance largest exchange while also prepar- Investors have responded to with the Tokyo Stock Exchange ing to close a merger with Paris- Nasdaq’s move by dumping its NEWSPAPER last week. The linkup between the based Euronext. Additionally, the See FAILED BID on Page 9 AT DEADLINE Sites vie for finance firms Continued from Page 1 major draw for Radar since its brought in $61 billion in net relaunch in September. Neither new money last year, up 17% side would comment. Mean- which is marketing two towers at may need to go through a public ap- from 2005. By contrast, Smith while, Radar will make its third 3 big landlords with the World Trade Center site. proval process to build such a large Barney and Morgan Stanley attempt to gain a foothold in prime sites go after Brookfield is working hard to facility at the location. brought in just $8.5 billion and publishing with a magazine that keep Merrill, which occupies all of $9 billion, respectively, in net will appear on newsstands next Merrill, Lehman, WFC Tower 4 and a portion of Early talks on World Trade Center new assets all of last year. week. J.P. Morgan HQs Tower 2. Brookfield recently put talks regarding Silverstein Prop- forward a plan to build the bank a erties’ planned World Trade Center HEAD COUNT AT NYSE GROUP ADVERTISING AGE PROMOTED 500,000-square-foot trading pavil- sites are still in preliminary stages. INC., PARENT of the New York SCOTT DONATON TO PUBLISHER. BY JULIE SATOW ion, which would be attached to the But senior executives at Lehman, Stock Exchange, tumbled last He succeeds Jill Manee, who is back of Tower 2. Merrill and J.P. Morgan have met year by 21%, to about 2,600.The retiring. Mr. Donaton has been three landlords with prime of- “We’re considering a few select with Silverstein Properties officials. cuts came as more transactions associate publisher and was fice development sites are locked in options and hope to make our deci- Prospective tenants have two op- were done through computers editor of the Crain a fierce battle to attract some of the sion by midyear,” says Peter Riguar- tions: Tower 3, set to be completed instead of on the trading floor. Communications publication city’s largest financial serv- di,president of the New York by 2011,which will include 275,000 The numbers may drop more from 1998 until April 2006. ices firms, which are in the office of Jones Lang LaSalle, square feet of trading space spread after the NYSE closes its $15 “When we promoted Scott to market for new headquarters. 2.5M who represents Merrill. A across five floors; and Tower 2, slat- billion merger with Euronext associate publisher, it was not Merrill Lynch & Co., SQUARE FEET Brookfield spokeswoman de- ed to be finished in 2012, which will in Vornado’s this month. only in recognition of his Lehman Brothers Holdings proposed clined to comment. have 219,000 square feet of trading tremendous leadership ability, Inc. and J.P. Morgan Chase building across Meanwhile, Vornado, space on four floors. INSULT MAY BE THE SINCEREST but part of my succession plan & Co.are shopping for tow- from MSG which is actively marketing Lehman has found a way to sat- FORM OF FLATTERY, it turns out. for Ad Age in preparation for this ers with updated infrastruc- its Hotel Pennsylvania site,is isfy its immediate space needs. It is Gawker, king of the snarky day,” Ms. Manee says. ture and room for large trading floors. in talks with Merrill to be its anchor close to signing a 10-year sublease at blogs, which never misses a The landlords involved are tenant. The real estate investment Time Inc.’s headquarters, at 1271 chance to slam rival gossip site COLUMBIA UNIVERSITY’S Brookfield Properties Corp., owner trust has also met with Lehman offi- Sixth Ave. The 414,000-square- Radar, has been trying to steal GRADUATE SCHOOL of Journalism of the World Financial Center cials, although some market experts foot space had an asking rent of $70 two of its top reporters. has raised more than $50 million downtown; Vornado Realty Trust, say those talks are not as far along. a square foot. Lehman is discussing According to sources, Gawker toward its $100 million goal for a which is proposing to build a Vornado would provide six sto- an option that would allow the in- Media owner Nick Denton has capital campaign launched last 2.5 million-square-foot property at ries of trading floors at its proposed vestment bank to stay at Sixth Av- made offers to Jeff Bercovici and fall.The fund-raising effort is the the site of the Hotel Pennsylvania, building,and would offer an owner- enue after the 10-year period ends. John Cook, whose media most ambitious in the school’s across from Madison Square Gar- ship stake to a big company that industry scoops have been a history. ■ den; and Silverstein Properties Inc., signed on to the project. Vornado COMMENTS? [email protected]

CORRECTIONS Antoinette Bruno is chief executive and editor in chief of Starchefs.com. Her title was misstated in the Dec. 18 story “Zagat eats up the competition.” Roberto Muller, rather than his former employer, Reebok International, became a partner in bat maker Controlling the Game. This was misstated in the Jan. 22 small business column. John Feerick is a former dean of Fordham Law School; he now serves as executive director of Loft fashion stumbles the Feerick Center for Social Justice and Dispute Resolution at the school. He was incorrectly identified in the Jan. 22 article “Groups fight for justice in choosing justices.” The Durst Organization’s black-water treatment plant at The Helena added less than 1% to the building’s cost. The plant reuses 50,000 gallons of wastewater a day. These facts were misstated in the Jan. 29 story “NYC developers resist the push to go green.” put Ann Taylor in bind Steve Guttman’s company Storage Deluxe and Artex Fine Art Services, a separate firm, are partners in a new art storage facility. Mr. Guttman’s connection to Artex was misstated in the Jan. 29 “New York, New York” column. Amira Yunis was the first female broker to become a principal at Newmark Knight Frank Retail, Company seeks leader to shore up its affordable line but not the first woman to become a principal. That fact was misstated in the Jan. 29 “40 Under 40” section. BY ELISABETH BUTLER kay krill is finding out just how big her shoes really are. Ann Taylor Stores Corp.’s THIS WEEK IN CRAIN’S chief executive, who made her mark in the industry by launching the company’s hugely popular Loft chain, is once again looking for someone to run Loft as well as she did. 37 REAL ESTATE DEALS------11 Her successor, Donna GREG DAVID ------13 Noce, lasted just seven months in the job, THE INSIDER------14 leaving late last month WEEK IN REVIEW ------16 after sales plummeted REPORT: MEETINGS and the stock tanked. Same-store sales at Loft, AND CONVENTIONS------19 now a 416-unit chain SMALL BUSINESS ------28 focusing on affordable NEIGHBORHOOD career clothes, fell 8.1%

38 JOURNAL------30 in December, far more than those at most other CLASSIFIEDS ------32 retailers.The company’s THE WEEKS AHEAD ------33 stock has fallen 22%

BUSINESS LIVES------35 since the problems first surfaced in late October. CORPORATE LADDER------37 It closed Friday at $35.33. EXECUTIVE MOVES------37 Ms. Krill, who is BOB LAPE ------38 filling in until a new vol. xxiii, no. 6, february 5, 2007—Crain’s New York Business (issn 8756-789x) is published weekly by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals candidate surfaces, says postage paid at New York, N.Y. and additional mailing offices. Postmaster: Send address she can repair the chain KAY KRILL is filling in changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, as head of the Loft MI 48207-2912. for subscriber service: Call (888) 909-9111. Fax (313) 446-6777.$3.00 a quickly. chain until a new copy, $59.79 one year, $109.79 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2007 by Crain Communications Inc. All rights reserved. “I started this brand, candidate surfaces.

See LOFT on Page 8 ap images

2 | Crain’s New York Business | February 5, 2007 Blockbuster art week

Modern Art and Sir The hope is that staging New Concurrent shows Nicholas Serota York’s most influential art events at seek to outdo other of London’s Tate, the same time will make a huge glitzy parties, and splash. The Armory Show, which cities’ events, boost tours of the homes includes 150 galleries from 22 coun- February tourism of such top collec- tries,had 47,000 attendees and sales tors as investor of $62 million last year.Much of the Glenn Fuhrman work sold within hours of the open- BY MIRIAM KREININ SOUCCAR and philanthropist ing—a feeding frenzy that has be- Henry Buhl. come the norm in the skyrocketing art collectors from around the “We’re increas- art market. world will be prowling the city in ing by about 50% two weeks, checkbooks at the ready, what the offering in Smaller but with worldwide clout as the largest amount of blue-chip the city is at that the 19-year-old Art Show is held modern and contemporary work time,”says Katelijne at the Seventh Regiment Armory,at ever assembled goes up for sale. De Backer, director Park Avenue and East 67th Street. From Feb. 22 to Feb. 26, New of The Armory WORKS BY Natalie Though it has a smaller atten- York will host a collection of fairs Show, which will Frank (left) and Marlie dance—about 10,000—it is consid- that include the Art Dealers Asso- take place on Pier Ukeles will be for sale ered one of the most important fairs

ciation of America’s prestigious Art 94. “You don’t have at the fairs. fine arts, feldman courtesy ronald new york in the world. Sculptures by Louise Show, the wildly popular Armory this kind of density Bourgeois and Anish Kapoor, and Show—formerly held in March— anywhere in the world.” study their economic impact. these events. paintings by pop artist Richard and five smaller events that piggy- “All of this helps further cement In December, about 36,000 out- Smith will be among the works for back on The Armory Show. Economic impact study set New York’s position in terms of be- of-towners went to Art Basel Mia- sale this year. Organizers of the two major fairs the week will also give the city a ing the cultural, nightlife and busi- mi Beach and its ancillary fairs.The Cecilia Fajardo-Hill, chief cura- decided to hold them concurrently much-needed tourism boost in Feb- ness capital,” says Diarmaid O’Sul- most expensive hotel in South tor for Ella Fontanals-Cisneros’pri- this year to compete with the grow- ruary,typically a slow month for vis- livan, director of marketing and Beach, The Setai, had a waiting list vate collection in Miami, is going to ing number of citywide art extrava- itors. Like The Gates’ public art ex- cultural relations for Millennium of 200 for rooms costing $3,000 a the Art Show for the first time be- ganzas in places like Basel, Switzer- hibit in Central Park did two Hotels and Resorts in North Amer- night. Gossip columnists are still cause it’s being held during The Ar- land, and Miami. winters ago, the fairs are expected to ica, which is hosting a bash at the buzzing about the parties, and some mory Show.She also plans to visit 20 The Art and Armory shows will fill hotel rooms and restaurants with Hudson Theatre for about 600 peo- exhibitors claim that over $200 mil- galleries and attend a number of feature a total of 220 dealers. Addi- affluent out-of-towners, albeit in ple during the shows. lion worth of art was sold. museum-show openings. tionally, nearly 300 galleries around smaller numbers. Recognizing that art fairs have “New York needs to be promot- “I am already looking gallery by the city are planning openings for In an effort to gain support from become the most important ven- ed now that we have so much com- gallery to see who I want to focus that week. Planned events include the city and prove the value of the ues for buying and selling art, oth- petition from London, Miami and on,” Ms. Fajardo-Hill says. lectures with museum directors like fairs, The Armory Show has hired er cities are pulling out the stops Basel,” says Linda Blumberg, exec- Glenn Lowry of The Museum of Audience Research Analysis to to attract jet-setting collectors to utive director of the Art Show. COMMENTS? [email protected]

BY THE NUMBERS Hospitals brace for Spitzer HOOP NIGHTMARES tal/union coalition led by the campaigns,” says Andrew B. Roth, a Governor’s ambitious Greater New York Hospital Associ- health care lawyer at Mintz Levin it’s an axiom: Everybody plans to cut spending ation and 1199 SEIU. Cohn Ferris Glovsky and Popeo in loves a winner.Take the New have health care/ Mr. Spitzer loaded his executive Manhattan. “The hospitals and York Knicks.The team sold budget with health-related goodies: unions won’t take this lying down. out Madison Square union lobby on ropes more insurance coverage for the We can’t just assume the governor poor,fewer restrictions on Medicaid can put anything through, particu- Garden—19,763 seats—for enrollment, new funding for hous- larly because his relations with the the 433 home games between BY GALE SCOTT ing for the mentally ill, more beds Legislature are already strained.” Feb. 4, 1993, and Nov. 2, 2002. for substance abuse treatment and new york’s unlikely political al- more money for people with AIDS. Good company The Knicks had a winning liance of hospitals and labor unions, “It’s a smart move,” says an Al- but political insiders say that percentage of 58% during the one of the most potent lobbies in Al- bany-based lobbyist with health care Mr. Spitzer has gained an edge by period. Since then, the team bany, has been winning battles over clients. “These community groups surrounding himself with experi- has won only 41% of its games health care funding for years. But are very happy that there are no direct enced health policy experts. the war that Gov. Eliot Spitzer de- cuts to Medicaid beneficiaries.” Among those who crafted the and drawn an average of clared last week is unlike any the Instead, the Spitzer budget hits governor’s health agenda are Debo- 18,984 fans.The days of coalition has ever fought. hospitals and unions with a series of rah Bachrach,deputy commissioner automatic sellouts at one of Mr.Spitzer,who swept into office tough proposals designed to achieve of the state Office of Health Insur- the nation’s premier sports on a promise to clean up government, massive Medicaid savings. These ance Programs and the author of a has targeted skyrocketing health care include a one-year freeze on hospi- scathing critique of the state’s arenas are over, at least until spending as the first arena for reform. tals’ and nursing homes’ reimburse- sprawling Medicaid program; Dr. the Knicks get it together. In a speech to lawmakers, he vowed ment rates, and reductions in subsi- Richard Daines, the state commis- to slash state spending by $1.2 bil- dies that hospitals receive for sioner of health and a veteran New WINS- WIN AVG. HOME lion—mostly by cutting Medicaid training medical residents and for York City hospital executive; James SEASON LOSSES PERCENTAGE ATTENDANCE costs—and vowed repeatedly to caring for the poor and uninsured. Tallon, president of the United make sure that “the game is over” for The hospitals and labor unions Hospital Fund and a former state entrenched hospital interests. are lashing back, saying the cuts lawmaker; and Dennis Whalen, 2002-03 37-45 45% 19,011 would hurt a weak industry, elimi- deputy secretary of health and a re- New approach nate jobs and result in a loss of fed- spected official with extensive 2003-04 39-43 48% 19,164 observers say that Mr. Spitzer’s eral matching funds that come with Health Department experience. strategy differs from the approach the state’s Medicaid spending.“This Their arguments for change will 2004-05 33-49 40% 19,515 taken by his predecessor, George will cost us $40 million a year,” says be hard to refute. Pataki, who tried to make health care a spokesman for North Shore-Long “These are all people who know 2005-06 23-59 28% 18,931 cuts during his tenure, but mostly Island Jewish Health System. what they are talking about and can failed. The coalition’s next step will be back up what they are saying,” says 2006-07* 20-28 42% 18,299 The new governor has won over an all-out effort to try to win over an industry analyst. community groups, separating their the public. *Through Jan. 31.

interests from those of the hospi- “We’ll see major public relations COMMENTS? [email protected] gettyimages

February 5, 2007 | Crain’s New York Business | 3 IN THE MARKETS HIGHLIGHTS REEL Bank of NY reaps fruits +2.3% of merger with Mellon The Bloomberg/ Crain’s New der Hamilton founded BoNY in 1784. For shareholders, one of the biggest York Index Combination will create The merger will also create a giant in se- selling points of the deal is that it should rose 2.3% a powerhouse, but curities custody and a solid contender deliver $700 million in annual cost reduc- to end the in asset management. tions by the end of the week at shares are still a steal The deal is expected decade. 392. The ➡ to close in July. Analysts expect S&P 500 “The merger un- that the bank will be Index rose BY TOM FREDRICKSON questionably vaults able to grow revenues 1.8%, Bank of New York faster by selling securi- closing at or four long years, Bank into a market leader- ties servicing to asset 1448. of New York was mired in a ship position,” says management clients, series of problems, including Jeffrey Ptak, an ana- and vice versa. bad loans, rising costs and lyst with Morningstar BoNY, more fo- weakening margins. Even Inc. cused since the branch RISERS Fthe news last April that the company Courtesy of 138- sale, is also getting a 5-DAY 1-MONTH 3-MONTH CLOSING would swap its sadly neglected 338- year-old Mellon, boost from the global % CHANGE % CHANGE % CHANGE PRICE branch retail network for J.P. Morgan BoNY will add bull market, which is Estée Lauder +13.8% +13.0% +16.5% $46.13 Chase’s corporate trust business failed to $4.5 trillion in global increasing revenues light a fire under the shares. custodial assets to its from new securities Revlon +13.7% +16.4% +18.8% $1.49 Shareholders finally have something existing $13 trillion offerings along with Children’s Place +11.7% -8.2% -16.6% $58.31 to cheer about—and they are cheering. and will shoot past J.P. asset-based fees. Market cap $30.4 billion Investment Technology +9.8% +10.4% +13.4% $47.35 Since early December, when BoNY an- Morgan to become Adjusting for merger-related costs Monster Worldwide +9.6% +13.4% +32.9% $52.91 nounced that it was buying Mellon Fi- the world’s largest fi- Total cash $26.7 billion nancial Corp. of Pittsburgh for $16.5 bil- nancial custodian. Its and gains on the sale Trailing 12 months P/E 10.2 lion,the stock has soared 16% in what has greatly expanded scale of the retail branches, SINKERS all the makings of a sustained rally. will put the combined fourth-quarter diluted 5-DAY 1-MONTH 3-MONTH CLOSING Investors, take note: At 15 times esti- operation in a better earnings per share % CHANGE % CHANGE % CHANGE PRICE mated 2008 per-share earnings, BoNY’s position to handle increasingly complex came in at 58 cents,a rise of 9% year-over- JetBlue -5.1% -3.9% +14.2% $13.65 stock is a bargain compared with that of global transactions on behalf of hedge year.For the year as a whole,diluted earn- Carver Bancorp -2.7% +4.9% -1.5% $16.35 close competitor State Street Corp., funds and institutional clients. ings per share rose 11%, to $1.93, while which trades at nearly 17 times estimat- The addition of Mellon’s $1 trillion in revenues were up 13%, to $6.9 billion. Cablevision -2.7% +3.9% +7.6% $29.59 ed 2008 earnings. assets under management will make the Analysts forecast a 25% rise in per- Mack-Cali Realty -2.4% +7.2% +9.0% $54.68 The merger will establish Bank of New new bank one of the world’s 10 largest as- share earnings this year. Int’l Flavors & Fragrances -2.0% 0.0% +8.0% $49.17 York Mellon Corp., which will be head- set managers. BoNY now ranks as a pip- quartered in Manhattan, where Alexan- squeak, with $131 billion in such assets. COMMENTS? [email protected]

BUSINESS BREAKFAST FORUM STOCKS TO WATCH Runaway Coach crushes army of skeptics as profits and shares continue their roll Please join us to hear New York City Schools’ STYLISH HANDBAGS and expensive leather belts were only supposed to Chancellor Joel Klein discuss the mayor’s plan to carry Coach so far. Since the company was spun off from Sara Lee overhaul the school system, giving principals more in 2000 at an adjusted $2.45 per share, the stock has been on a tear— power and stiffening requirements for tenure as rising 7% last week and 61% in the last six months. The latest causes for well as to equalize funding for individual schools. celebration include soaring same- store sales—up 26% in the fourth Crain’s He will be questioned by editor Greg David Joel Klein quarter—and a 31% jump in quarterly School Chancellor, profits. and another journalist. New York City As a pioneer in developing electronic trading for options, International Securities Exchange Holdings has seen its earnings take off. This week, the Date: March 1, 2007 Cost to attend: company is expected to report that full-year profits jumped 44% in 2006. But with a host of larger rivals getting into options trading, investors are becoming $60 for individual ticket(s) if pre-registered Place: Sheraton New York by February 22 (American Express, Visa or antsy about ISE’s future earnings power. Their worries pushed the shares 811 Seventh Avenue MasterCard only); $70 thereafter down 5% last week and 8% since the year began. Time: 8:00-8:30 a.m. Networking Breakfast $600 for table(s) of ten if pre-registered by 8:30-9:30 a.m. Program February 22; $700 thereafter Last week, while Altria made headlines with its detailed plans to spin off its Kraft food division, another YOU MUST BE PRE-REGISTERED TO ATTEND THIS EVENT. ALL TICKETS ARE NON-REFUNDABLE. conglomerate with a heavy cigarette To register go to newyorkbusiness.com and click on “Events,” or fax your business card habit was making pots of money for and credit card information to “Klein Breakfast” at 212-210-0499. For more information, call stockholders. Shares of Loews Corp., the Events Hotline at 212-210-0739. owner of everything from tobacco giant Lorillard to sprawling insurer CNA SPONSORED BY: Financial, rose 3%. Next week, the company is expected to announce its second triple-digit quarterly profit gain in a row. charts: lindström bekka

4 | Crain’s New York Business | February 5, 2007 REXCORP New Enterprise. Proven Franchise.

We are proud to announce the completion of the SL Green Realty Corp. acquisition of Reckson Associates Realty Corp. Emerging from this transaction is the new entity, founded by former members of Reckson management, RexCorp Realty – one of the Tri-State area’s leading real estate companies.

$3 Billion in Class-A Properties totaling over 11 Million Square Feet ■ $1 Billion in Projects under Development

OWNER ■ DEVELOPER ■ INVESTMENT MANAGER www.rexcorprealty.com 516.506.6000 NEW YORK,NEW YORK edited by Cynthia Rigg February 5-11 Knowledge No word yet on whether there’s News Corp. been a spike in sales of kumquat is power. prints pink slips trees, a traditional Chinese New Year gift that symbolizes prosperity. blood is running faster than ink at the Brooklyn and Queens newspaper chains that News Corp. Film festival Crain’s offers a series of Breakfast bought last year from the families in cyberspace that had run them for decades. Forums throughout the year that Thirteen people, including gen art is giving indie will enlighten and empower you. Arnold Thibou, longtime publisher filmmakers a new venue to show of Caribbean Life, were fired in off their talents.The trend-setting a single day last month from arts promoter will inaugurate its Log on to newyorkbusiness.com the Courier-Life chain in online film festival on April 11 to and click on Events for a list of Brooklyn. On the same day, the coincide with its real-world Gen entire telemarketing team, the Art Film Festival. upcoming Forums. advertising sales manager and Like its traditional counterpart, others at TimesLedger the online festival will feature seven Newspapers in Queens got the ax. films, but they will be just five Executives at the papers say the minutes long. Filmmakers won’t cuts were inevitable, now that the know the theme until March 2 and publications are combining will have to submit their entries by operations with their new sibling, March 21. Viewers at genart.org the New York Post. “In some areas, will be able to vote for their we’ve reduced some numbers, but favorites. The winner will receive they’ll be increased down the $2,500, and the short will be road,” says Steven Blank, publisher screened during the offline festival. of the TimesLedger chain. Gen Art President Adam Walden He adds that advertising sales says that the festival was an easy CRAIN’S BREAKFAST FORUMS are up at least 20% so far this year, sell to advertisers. “We pitched it THE MOST TRUSTED NAME IN NEW YORK BUSINESS® thanks to the ability to approach to one client, and they said yes gettyimages advertisers in combination with right away,” he says. Inner light the Post and the Brooklyn papers. Catching up at ABC Carpet City prepares with Times Square t’s been a long time for Year of Pig the renaissance new york since ABC Carpet & gung hay fat choy—or, as the Hotel Times Square is getting a Home was just a place city Economic Development $17.5 million makeover to keep up I Corp. says, “Happy New Year.” with the changing neighborhood. to buy a rug, but who would have thought the Union For the first time ever, the city’s The 14-year-old property, on Long established trade development agency is West 48th Street, was built before Square retailer would turn sending out Chinese New Year cards. Times Square was revitalized, commitment into a meditation center? The EDC is taking advantage of and its unassuming street-level Starting Feb. 15, the store the most auspicious day in the entrance was intended to prevent Chinese unsavory passersby from Weiser LLP will house the ABC Om Certified Public Accountants lunar wandering into the front-desk Mind, Body & Spa, which calendar, area, which is on the second floor. will offer healing and Feb. 18, to The idea now is to “bring the nurturing services created cultivate lobby out of hiding,” says a by Deepak Chopra (above) more ties spokeswoman for the 305-room to the with China. In addition to hotel, which is operated by New York City New York and Shobha Tummala. distributing the cards, EDC Marriott Corp. 135 West 50th Street The spa is part of a officials will be hitting all the New Renowned restaurant architect New York, NY 10020 business community Year celebrations around town, in- Jordan Moser has been enlisted for Tel 212.812.7000 monthlong promotion, Fax 212.375.6888 cluding an Empire State Building the project, which includes re- For nearly a century,Weiser has provided “Gateway to India,” and lighting ceremony on Feb. 15. vamping the lobby and restaurant, Long Island accounting, tax, and consulting services, such grew out of Chief Executive They will also attend a bash being Foley’s Fish House. Guest rooms 3000 Marcus Avenue as state and local tax planning, internal audit Lake Success, NY 11042 Paulette Cole’s interest in thrown by the Chinese consulate will also be updated. “The existing outsourcing, and business restructuring, on Feb. 10, another first. property is very traditional,” says Tel 516.488.1200 to private clients and business enterprises, Eastern religions. She Fax 516.488.1238 Meanwhile, a handful of other the spokeswoman. “The redesign including closely-held and emerging entities, counts both Mr. Chopra New York businesses are recog- will make it striking.” Westchester in a variety of industries including: 660 White Plains Road and the Dalai Lama as nizing the Lunar New Year as they The hotel will remain open Suite 430 • Real estate friends. try to tap the growing Asian- throughout the renovation, which Tarrytown, NY 10591 • Manufacturing and distribution American consumer market. should be completed by the fall. ■ Tel 914.333.0555 • Auto dealerships Shoppers paying $75 will Fax 914.333.0556 • Media and communication be treated to shirodhara,in New Jersey • Banking which a soothing stream of CHEAPEST SEATS 399 Thornall Street • Food and dairy Edison, NJ 08837 • Health care warm oil flows over the AS BROADWAY GETS MORE EXPENSIVE, Tel 732.549.2800 • Financial services third eye, creating a one off-Broadway show is letting peo- Fax 732.549.2898 • Professional services meditative state. Or they ple in practically for free. The new play, Bill W. and Dr. Bob, about the www.weiserLLP.com • Not-for-Profit can choose abhyanga, during founders of Alcoholics Anonymous, is instituting the first-ever “Pay what you can” ticket policy. The theater is selling 20 seats for as little as the $1.01 For more information, contact Douglas Phillips at 212.375.6701. which two masseuses use facility fee under the slogan “Whatever you’ve got.” The show begins pre- gentle strokes and warm views Feb. 16 at New World Stages on West 50th Street. herbal oil.

6 | Crain’s New York Business | February 5, 2007 together of healthcare... We arechanging theface community. and theconsultant this effort —ouremployer customers,consumers,physicians Uniprise isproudtobeworking withourgreatpartnersin better for everyone. These arerealshifts inhow thesystem works, makingit work through oneintegratedIDcard,andpaying claimsinrealtime. andhealthcare empowerment; integrating financialservices We that willradicallychange how healthcareworks –for thebetter. But and freeingphysicians topracticemedicinenotprocesspaperwork. supporting peopleasthey navigate thecomplex healthcaresystem, We andaffordability.usability to make healthcarework better: improving access,quality, hard. this Together be to important too is care health But physicians, and,attimes,even hospitals us. Health care ishard. Getting we are leadingthedrive to consumer-directed careandpatient withthebasics:paying claimscorrectlystart thefirsttime, can’t stopthere. with America’s leadingemployers, Unipriseisworking health careright… Together. It’s hardfor everyone: employers, patients, Together, we arebuildingnew capabilities Together. RUDY TRAILS Hillary leading Democrats, GOP in poll If the 2008 general election for president were today and the candidates were Democrat Barack Obama and Continued from Page 1 McCain in a state Republican pri- try,”says Steven Malanga,a fellow at mors of his candi- Republican Rudy Giuliani, for whom would you vote? Ms.Clinton outpolled Mr. Giuliani mary, according to the poll. But in a the Manhattan Institute, a think dacy were triggered 53% to 32% and Sen. John McCain hypothetical general election he tank close to Mr. Giuliani. “If Rudy by comments from of Arizona 55% to 26%. lagged not only Ms. Clinton, but were ever to face Obama in a gener- a former campaign The poll is a snapshot of the pres- also Mr.Obama—by 42% to 31% in al election, he would do much better adviser and by ent, not a forecast, and does not a head-to-head matchup. once the actual campaign began in his appearances in 42% 31% guarantee an easy ride for the state’s “I’m surprised; I thought Rudy New York. Once he reacquainted California and Barack Rudy junior senator. would actually do better,” says Jerry himself with New Yorkers in a cam- Washington, D.C. Obama Giuliani “For Clinton, her strength is Skurnik of Prime New York,a Man- paign, his numbers would rise.” The poll results Additional results: broad and impressive, but the real hattan company that crunches elec- Lately, though, Mr. Giuliani has were particularly 5% Would not vote question is, How tion data. “It just shows what bad been moving to the political right to discouraging for 2% Other deep is it?” says shape Republicans are in in this head off red-state criticism that he’s George Pataki’s 19% Don't know/No response/Refused to answer Craig Charney, state.” too liberal on gun control, abortion prospects, and may Based on 600 responses. Percentages do not add up to 100 due to rounding. president of Char- and homosexuality. That may be explain recent sig- Source: Charney Research

★ ★ ★ ★ ney Research, Blue state backfiring in New York, a solidly nals from the for- gettyimages LOOKING which conducted analysts attributed Mr. Giu- blue state where even Republicans mer governor that TOWARD the poll from Jan. liani’s poor showing to Democrats’ tend to be moderates. “Rudy has he won’t enter the race.A meager 7% dent, Eric Oatman, 67, says he an- 22 to Jan. 25.“How dominance in New York.In the poll, worked to associate himself with of Republicans said they would vote swered the poll questions, “Hillary 2008 well will it hold up twice as many respondents identi- Bush and the national Republican for him in a primary,while Mr.Giu- all the way”because “she seems to be in the give-and- fied themselves as Democrats than Party,” says former Democratic liani was favored by 54% and Mr. more committed to universal health take of a presidential campaign?” as Republicans. Mr. Giuliani did pollster Mark Blumenthal, editor McCain by 16%. “If I were hired to care than the other candidates. Cer- Experts say that early polling fa- win two mayoral elections in heavi- and publisher of Pollster.com. offer advice, I might ask, ‘What is tainly she knows more about it.” vors Ms. Clinton because it is heav- ly Democratic New York City, but The crain’s poll does not augur your base?’ ” Mr. Blumenthal says. What about Mr. Giuliani? “He ily influenced by name recognition, voters tend not to cross party lines in well for a run by Mr. Bloomberg. In was good after 9/11, but before that and that the Democratic race in presidential races. Nonetheless, one a hypothetical three-way race, Mr. Packing up he was not my man. He just appears New York will get tighter as voters commentator who believes that Mr. Bloomberg tallied just 7%, com- mr. pataki has closed his New to be a very unpleasant man,” Mr. become more familiar with Mr. Giuliani could win the presidency pared with 49% for Ms.Clinton and Hampshire office, postponed a deci- Oatman says. “He’s liberal enough, Obama. By the same token, Mr. notes that the former mayor’s focus 27% for Mr.Giuliani.“The mayor is sion on joining the race,and told sup- but for the national stage I just don’t Giuliani has less potential to gain has been elsewhere. focused on continuing to move the porters to consider other candidates think he’s proven himself by his ac- support because he’s already well- “Rudy has been very active polit- city forward, not polls on a race he if they didn’t want to wait for him. tions here.” known here. ically,but not in New York state.He’s has no plans to enter,” says a Ms. Clinton, in contrast, has no Mr. Giuliani would trounce Mr. been traveling throughout the coun- spokesman for Mr. Bloomberg. Ru- shortage of fans. One TriBeCa resi- COMMENTS? [email protected] Why Bloomberg can wait until dust settles in ’08

Continued from Page 1 have trouble in,” he says. a third party to cut a swath down the do much better, but could win with gun control and other issues and PRESIDENTIAL TIMING The mayor could also middle of the electorate and attract as little as 38%. building name recognition. That take a shortcut and pig- voters who are tired of the extremes The Democrats and Republi- could be a very powerful campaign.” 2 Winter Republican and Democratic gyback on the efforts of a and the so-called wedge issues among cans are likely to have decided on Mr. Bloomberg can stall until 0 candidates enter presidential group called Unity08, Democrats and Republicans. candidates in plenty of time for Mr. May 2008 when Texas will be the 0 race. which is building an on- Unity08 hopes to have 10 mil- Bloomberg to assess his rivals. first state to open its ballot to third- 7 Sept. Candidates who fail to raise at line party at www.uni- lion registered members by June Four states have moved their pri- party candidates. Most other states least $25 million drop out. ty08.org. It hopes to ap- 2008 and could consider dozens of mary elections into January 2008, finalize their ballots between July Jan.-Feb. Four states hold primary elections. pear on all 51 ballots, candidates—from the “fruitcakes,” and insiders believe the major par- and September. March Democratic and Republican including that of the Mr. Bailey says, to potential presi- ties’ candidates will emerge as early The only potential roadblock for front-runners emerge. District of Columbia, dents. Among them could be a cen- as mid-February. a late-entry candidate is mustering and nominate its own trist such as Mr. Bloomberg. As the mayor waits, he’s expect- May States begin to open their ballots the money and organization to 2 candidate in June 2008. ed to spend the time denying he’s in- 0 to independent candidates and Strength in the middle abide by the various laws and signa- parties. Founders include terested. Lately, he has been speak- ture-collection windows across the 0 Douglas Bailey, an ad- “the centrists are a natural con- ing more around the country. states, says Richard Winger, pub- 8 June-Aug. Two major parties hold viser on Gerald Ford’s stituency that can’t find a home, and “Does he seem itchy for some- nominating conventions. lisher of monthly newsletter Ballot presidential campaign in that’s pathetic really,” says Mr. Raf- thing? Yes,” says Fred Siegel, a Access News. Fall Candidates debate. 1976; Gerald Rafshoon, shoon. “The majority of Americans Cooper Union professor,author and Nov. 4 General election takes place. a White House commu- are uncomfortable with the way the urban issues blogger at www.cities- On the Web nications director during parties are operating.” onahill.org.“Look at how much he’s ross perot, the most successful the Carter administra- Mr. Bailey notes that Mr. Perot traveling outside the city.He’s obvi- third-party presidential candidate Mr.Winger says.The Internet makes tion; and Hamilton Jordan, who won 19% of the electorate, or 20 ously looking for broader horizons.” in the country’s history, ran a wildly it much easier.“There’s really no state worked as a consultant to Mr.Perot. million votes, in 1992. A successful chaotic petition campaign in 1992, that Michael Bloomberg should They believe that there is room for third-party candidate would have to COMMENTS? [email protected]

As Ann Taylor works on repair- “We think the shares have fur- ing the Loft line, competing spe- ther room to fall,” noted Stacy Pak, Loft trips up Ann Taylor Stores cialty stores such as J. Crew and a Prudential Equity Group analyst, Banana Republic, as well as de- in a recent research report. Pruden- Continued from Page 2 on strong performances early in the Krill taps for the president’s job, tial rates the stock “underweight.” and no one can fix it faster than year at both chains.Sales are expect- which could take months to fill.The me,” she says. “It was purely a ed to total $2.3 billion, up 13% over role demands an executive with The company is Getting back on track product issue, and the brand is to- 2005. strong management skills and a others are more optimistic, and tally OK.” merchant’s touch. Other companies expected to the consensus forecast sees profits Although most insiders trust Inappropriate clothes are seeking such executives, includ- rising to $2.29 a share this year. Ms. Krill to right the problem, the loft’s problems began last fall ing Limited Brands and Gap. report profits “Operating margins will be im- Loft and the more expensive Ann when shoppers balked at its trendy “There are a lot of jobs open, and pacted in the short-term, but I’m Taylor line seem to take turns falter- clothes, especially low-cut sweaters there aren’t a lot of good candi- of $2.01 a share sure [Ms. Krill] will get the right ing. Some wonder whether the and dresses that seemed inappropri- dates,” says Paul Charron, former person in there and get Loft back on company will ever manage to keep ate for work. Ms. Krill says she be- chief executive of Liz Claiborne Inc. track,” says Harry Ikenson, an ana- both of its retail engines running at gan tweaking Loft’s spring line in A successful candidate must feel lyst at Soleil Securities. the same time. November, but the chain won’t comfortable with sourcing, design, He plans to maintain his “hold” Despite fourth-quarter prob- completely return to its classic looks marketing and the fiscal demands of partment stores, are wooing cus- rating on the stock until Loft hits its lems,Ann Taylor Stores Corp.is ex- until fall. a public company, he says. Search tomers and racking up more sales stride again. pected to report full-year profits of Whether Loft can regain its lus- firm E.A. Hughes & Co. is working than usual. $2.01 a share, a 58% increase, based ter depends in part on whom Ms. on the task. Some analysts are skeptical. COMMENTS? [email protected]

8 | Crain’s New York Business | February 5, 2007 Failed bid puts Nasdaq in pickle Continued from Page 1 14% of all orders for NYSE-listed international reach. That’s exactly shares. Over the past 12 months, its stocks—more than double the share why it set its sights on the LSE in stock price has slipped 15%—mak- it handled a year ago. Analysts ex- the first place. LONG SIEGE: ing the Nasdaq the only major ex- pect further gains, which should Nasdaq officials must now look Nasdaq CEO Robert Greifeld is expected change in the world to lose value help Nasdaq’s earnings to more than for other options. The possibilities to hold on to his during one of the most buoyant double this year, to $223 million, on include some form of partnership 30% stake in the markets in years. In contrast, the revenues up 25%, to $2 billion. with exchanges like those in Hong London exchange. share price of NYSE Group Inc.has “Nasdaq has great opportunities Kong, Toronto or Stockholm. soared 74%. to grow on its own,” says Doug “Certainly,Nasdaq has lots of al- Nasdaq CEO Robert Greifeld Atkin, CEO of Majestic Research ternatives,” says Larry Tabb, CEO has few options. He can hold on to and former CEO of Instinet, an of technology consultant Tabb his nearly 30% stake in the LSE and electronic marketplace that’s now Group.“Of course,none of them are hope that its board eventually will part of Nasdaq. as good as buying the London Stock have a change of heart.Or he can sell The rub is that Nasdaq will be at Exchange.” and move on. One thing he cannot an increasing disadvantage to rivals

do, at least for another year, is raise with a broader range of products and COMMENTS? [email protected] apimages his offer of $5.2 billion. Unless an- other bidder emerges, British take- over rules bar upping the ante. Very patient nasdaq officials are gearing up for a long siege. They are hoping that an effort—named Project Turquoise—by several big invest- ment banks to create a new Euro- pean marketplace will intensify pressure on the London exchange to find a partner. Such an outcome is a long shot. “We will be very patient,” says Adena Friedman, Nasdaq executive vice president for corporate strategy. They might as well be. NYSE is already allied with the most desir- able players. In addition, Nasdaq borrowed so heavily to finance its ‘Nasdaq doesn’t have enough chips to do another deal’ I TRUST: CompUSA to keep $1.5 billion stake in LSE that its ability to raise money quickly is se- verely impaired. my technology “Nasdaq doesn’t have enough chips to get another deal done,” says David Easthope, an analyst at re- running. search firm Celent. The obvious solution would be for Nasdaq to repair its balance Trust CompUSA to provide the technology services that you need when and where you need them. Our national sheet by selling its LSE shares. But doing so could turn a defeat into an network of more than 10,000 TechPros is available 24/7 on-line or via phone, in any of our 229 stores nationwide, outright disaster. and offers guaranteed next day on-site service*. From the simplest memory upgrade to design and deployment of a “If Nasdaq sells their LSE stake, multi-site network our CompUSA TechPros are standing by. It’s like having your own IT department – except we have they could well find out the NYSE a 98% customer satisfaction rating. is the buyer on the other end,” Mr. Merrin says. “I think the NYSE is smiling through all of this.”

NYSE licking its chops For more information on how a tie-up between the LSE and the we can help your business, NYSE would seal the latter’s unas- call 1.866.4CompBZ or visit sailable position as the world’s dom- inant equity exchange. CEO John www.compusabusiness.com. Thain is cagey about how he would respond if a large stake in LSE were to become available for sale. “My official answer is that we have our hands full with Euronext,” Technology services professionally delivered. Utilizing a nationwide Mr. Thain says. network of more than 10,000 on-site and in-store CompUSA TechPros, Ironically, although Nasdaq’s we can install, maintain, and upgrade your business’ technology. We longer-range international ambitions also have live technical support available online or on the phone 24/7. have been thwarted, its near–term *Call 1-800-CompUSA, option 6, or go online by 3 p.m. local time to schedule domestic prospects are bright. next day service. Certain conditions apply. Visit www.CompUSA.com/techpro Nasdaq is actually gaining for details. 37572 1/07 ground on the NYSE in the crucial business of stock-trading, handling

February 5, 2007 | Crain’s New York Business | 9 NEW YORK’S CHOSEN ONES More tech firms get share Top 10 investments in NYC companies in fourth-quarter 2006. INVESTMENT COMPANY (IN MILLIONS) BUSINESS of major venture funding Cellfish Media $50.0 Mobile phone content Right Media $45.0 Online advertising giant deals valued at more than public offerings by tech companies $2 billion given $200 million apiece. “For the first is weak,so venture capitalists rely on Major League Gaming $25.0 Video game tournaments to 249 companies; time since 2001, we saw an overall mergers and acquisitions to cash in Advantedge Healthcare $20.0 Medical billing software uptick,” he observes. on the risky investments they make Solutions online advertising The tech industry is in its third on startup firms. fuels recovery year of recovery, and Silicon Alley Plum $20.0 Network of local TV stations Media a hot category entrepreneurs who were burned Venda $20.0 Online shopping software during the dot-com crash have media and entertainment start- BY AMANDA FUNG resurfaced with newfound wisdom. ups such as Massive attracted a lot of Fortent $19.3 Risk and compliance software for Many of their startup companies the New York region’s venture mon- financial institutions venture capital investors are are taking advantage of the boom in ey last year. Media and entertain- Quigo Technologies $15.0 Online advertising opening their wallets to increasing online advertising, estimated to ment companies were involved in numbers of New York area technol- generate $19.5 billion in revenues the second-largest number of deals Heavy $12.8 Video-oriented Web site for men ogy entrepreneurs. this year. in 2006—37 transactions worth a Monitor110 $11.0 Financial services information Last year, venture firms put close “We expect online advertising to total of $162 million, twice the to $2 billion into 249 companies,ac- continue to grow at double-digit number of media-related deals and Top five investment sectors in the New York metro area, ranked by number of 2006 deals. cording to a survey by Pricewater- rates,” says Doug Miscoll, a princi- dollar amount in 2005. houseCoopers and the National pal at venture firm Newlight Asso- “New York is the media capital TOTAL INVESTMENT Venture Capital Association. The ciates. “It makes sense to put mon- of the world. It is a great incuba- SECTORS DEALS (IN MILLIONS) number of deals represented a 44% ey to work in companies focused on tor for tech startups,” says Scott Software 57 $439.8 increase over 2005. that area.” Peters,managing director of Jordan Newlight backed Massive Inc., a Edmiston, a Manhattan-based in- Media and entertainment 37 $161.9 ‘An overall uptick’ Manhattan-based video game ad- vestment bank that specializes in Biotechnology 32 $406.2 “it was a strong year for the New vertising startup that was acquired media. York area,” says David Silverman, by Microsoft Corp. for approxi- Mr. Silverman of PwC adds: Telecommunications 20 $160.8 managing partner of PwC’s New mately $400 million in May. “There happen to be a lot of quality Business products and services 18 $157.5 York venture capital practice. Deals like the Microsoft/Mas- young companies in the area. It is a Although the total amount of sive transaction, as well as Google hot category and is projected to re- The New York area includes New York City and Nassau, Suffolk, Westchester and Rockland counties in New York; northern New Jersey; and Fairfield County, Conn. area investments last year remained Inc.’s $1.65 billion acquisition of main strong in 2007.” Sources: PricewaterhouseCoopers/National Venture flat, Mr. Silverman notes that the online video site YouTube, have left Capital Association MoneyTree Report, Thomson Financial 2005 data was skewed high by two investors giddy. Demand for initial COMMENTS? [email protected]

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10 | Crain’s New York Business | February 5, 2007 REAL ESTATE DEALS Financial company lowers its site

landlord Tishman Speyer for an ear- space at Lincoln Center as the site square-foot ground floor. Cramer Rosenthal ly termination. “Not only was the for its second store in Manhattan. The Upper West Side location strikes a better deal; firm able to stay in the building, but Real estate industry insiders say would fit into T.J.Maxx’s expansion Tishman was able to put the 32nd that Framingham, Mass.-based plans, because it is large enough to T.J. Maxx considering floor back on the market early and TJX Cos. is close to signing a lease accommodate the company’s su- former Tower space ask a higher rent,” says Mr. Rapp. for a 50,000-square-foot site at perstore format. Superstores aver- Jefferies & Co., which has a total 1961 Broadway at West 66th Street. age about 46,000 square feet and financial services of 325,000 square feet at 520 Madi- Tower Records vacated the three- feature dual storefronts—one for firm with expensive son, is giving up its spot on the T.J. Maxx and another for Home- space near the top of a 20th floor as part of its effort to Goods, the company’s home fur- Madison Avenue office sublease space that it doesn’t nishings brand. tower has gotten a bet- need right now.Last year, it sub- T.J. Maxx operates two stores on Ater deal by moving down 12 floors. leased 40,000 square feet to For- Staten Island, one in Queens and Cramer Rosenthal McGlynn is tis Bank. Jefferies is building out one in Manhattan, on Sixth Avenue 101 SIXTH AVE. is the site for Caroline leaving its digs on the 32nd floor of the remainder of the space, on at West 18th Street. Distribution’s expanded offices. 520 Madison Ave., between East 53rd floors 16 though 19, and will —elisabeth butler and East 54th streets,and is relocat- move in later this year. ing to space it is subleasing on the “In this market, you have to bels, including Ultra, Century Me- 20th floor. be defensive and take whatever EMI distributor dia and Definitive Jux, is moving Cramer Rosenthal has signed a space is available,” says Dale spins deal on space from a 20,000-square-foot office at 10-year sublease with investment Schlather, a broker at Cushman 104 W. 29th St. bank Jefferies & Co. for 22,400 & Wakefield Inc., who repre- the distribution company for “They were in the market for a square feet.The space has an asking sented Jefferies. “Now, Jefferies 1961 BROADWAY might house a big T.J. Maxx store. EMI Music has expanded its oper- long time because they wanted a rent of $95 a square foot, while the has built-in expansion options ations and taken new offices down- creative space that had high ceilings asking rent for the 32nd-floor of- with good-credit tenants.” town. Caroline Distribution has and lots of light,” says Mitchell fices is $150 a square foot. —julie satow floor retail space Jan. 1 after going signed a five-year sublease for Konsker, a broker at Cushman & “It was a little too pricey for them bankrupt. 27,600 square feet, or the entire Wakefield, who represented the to remain at the top of the building,” Gene Spiegelman,the Cushman fourth floor,at 101 Sixth Ave.The ask- tenant. says Kenneth Rapp, a CB Richard T.J. Maxx has eye & Wakefield broker responsible for ing rent at the 23-story building,be- Newmark Knight Frank repre- Ellis broker, who represented on Upper W. Side leasing the Lincoln Center space, tween Grand and Watts streets, is sented the sublessor, SEIU Local Cramer Rosenthal. While Cramer declined to comment. Landlord $25 a square foot. 32BJ. The union occupies most of Rosenthal’s lease was not set to expire discount retailer T.J. Maxx is Millennium Partners is asking for Caroline Distribution, which the 400,000-square-foot building. until 2008, the firm negotiated with eyeing the former Tower Records $350 per square foot for the 11,000- handles 90 independent music la- —julie satow

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February 5, 2007 | Crain’s New York Business | 11 VIEWPOINT Spitzer needs public’s help editor in chief Rance Crain publisher Jill R. Kaplan t took richard nixon, a Republican with uninsured, were diverted to downstate hospitals to pay for EDITORIAL impeccable anti-Communist credentials, for the raises and special benefits to members of 1199 SEIU, the editor Greg David United States to normalize relations with what health care workers union. Meanwhile, the number of managing editor Richard Barbieri projects editor Cynthia Rigg was then called Red China. In another kind of people without coverage was and remains the state’s most deputy managing editors Valerie Block, political twist three decades later, a crusading pressing health care problem. Erik Ipsen columnist Alair Townsend liberal may be the one who finally overhauls New Not on the governor’s list of things to address, but crying senior reporters Aaron Elstein, York’s wasteful health care system. out for an overhaul, is the system of charity reimbursements, Lisa Fickenscher, Matthew Flamm, Tom Fredrickson, Samantha Marshall, Gov. Eliot Spitzer will need the backing of business and which hospitals get based on formulas unconnected to the Anne Michaud, Julie Satow, consumer groups in the state if he is to overcome fierce care they provide. Wealthy hospitals receive more than they Miriam Kreinin Souccar I reporters Barbara Benson, Elisabeth Butler, opposition from the powerful alliance of New York’s should, and safety-net Erik Engquist, Amanda Fung, Hilary Potkewitz, hospitals and its union of health care workers. facilities like the city’s Gale Scott A liberal might restaurant critic Bob Lape The problem, Mr. Spitzer says correctly, is that the health Health and Hospitals art director Steven Krupinski care system is centered on institutions—primarily fix New York’s Corp. get only a deputy art directors Carolyn McClain, hospitals—to the detriment of patients. In stating this, he is fraction of what they Daniel Mednick wasteful health staff photographer Buck Ennis embracing a view that has long been held by business groups deserve. copy desk chief Wendy Zuckerman copy editors Michele Arboit, Leslie Jay, and many consumer advocates. care system The governor says he Thaddeus Rutkowski Mr. Spitzer is shining the spotlight on some of the most will begin by sharply research editor Denise Southwood associate research editor egregious ways in which the state gives money to hospitals reducing funds for Adrianne Pasquarelli without holding them accountable. hospitals this year. He www.NewYorkBusiness.com online editor Catherine Tymkiw The first example is graduate medical education.The plans to eventually stop online reporter David Jones

subsidy that New York pays hospitals to conduct training the unnecessary subsidies funneled to the health care system EDITORIAL AND ADVERTISING OFFICES produces an oversupply of doctors. In fact, half of all medical through Medicaid. In the end, New Yorkers will get a better 711 Third Ave., New York, NY 10017-5806 editorial: 212.210.0277 Fax 212.210.0799 residents trained in New York end up taking jobs in other health care system and the state will have more money to advertising: 212.210.0259 states.The education subsidy is also excessive: Albany pays meet other important needs. Cable craincom nyk Fax 212.210.0499 $77,000 to train each physician, compared with the $21,000 Pushing Mr. Spitzer’s plan through the Legislature will be Entire contents ©copyright 2007 Crain Communications Inc. All rights reserved. California spends. difficult. Lawmakers, beholden to 1199 SEIU and the state’s ®CityBusiness is a registered trademark of MCP Second, the governor noted an outrageous maneuver hospital groups, are largely responsible for the dysfunction. Inc., used under license agreement. taken several years ago that says a lot about health care policy Business groups and consumer advocates should provide the TO SUBSCRIBE: Call 888.909.9111; fax 313.446.6777. in New York.The proceeds from the conversion of the governor with vocal, determined support to end abuses they $3.00 a copy, $59.79 one year, $109.79 two years. Empire Blue Cross/Blue Shield, earmarked for the have long decried. www.NewYorkBusiness.com ADVERTISING AND MARKETING advertising director Vanessa Cognard business development manager Robert N. Grossman senior account managers Holly A. McKeown, William E. Squitieri account executives Andrew Carlin, Derek Reese, Jennifer Siniscalchi, Dems’ pique vs. able candidates Brigitte Stieglitz western account manager Ellen Mazen (Los Angeles) 323.370.2477 NEW YORK NEEDS A NEW COMPTROLLER. It’s a crucial job, sales manager, classified because the person holding the post has sole authority over print & online John Gallagher newsletter product manager the state’s $146 billion pension fund and must keep state and Catherine Evans Gittens local governments financially honest. A panel of former sales coordinator, print & online Lulé Haznedari comptrollers has proffered three nominees—investment sales coordinator Anita Perrino banker William Mulrow, New York City Finance credit Pat Grondziak 313.446.6082 marketing coordinator Jill H. Bottomley Commissioner Martha Stark and Nassau County assistant circulation manager Comptroller Howard Weitzman. Michael Holowchuk ap images nyc.gov They would all bring strong credentials, sophisticated William Mulrow Martha Stark Howard Weitzman general manager, interactive Marc Minardo thinking and independence to the job.The Legislature should choose among them. There are differences in substance and style among NEW YORK PRODUCTION production and pre-press director Instead, Assembly Democrats, angry that none of their Ms. Stark and Messrs. Mulrow and Weitzman. But all are Michael Corsi advertising production manager desired candidates were selected, are threatening to elect one committed to responsible stewardship of the pension fund. Marilyn DeMilta of their own anyway. Doing so would only further besmirch All emphasize high returns. All would reject or limit future PUBLISHED BY CRAIN COMMUNICATIONS INC. their reputation.The Democrats’ candidates are products of a campaign contributions for individuals or companies doing chairman Keith E. Crain political system that New Yorkers rejected when they elected business with the fund. All could be counted on to vigorously president Rance Crain secretary Merrilee Crain Eliot Spitzer governor.They would not be independent audit government. treasurer Mary Kay Crain enough, and their accomplishments don’t measure up. The office would be in good hands with any one of them. executive vp, operations William Morrow senior vp, group publisher Gloria Scoby group vp, technology, circulation, manufacturing Robert C. Adams LETTERS TO vice president/production & WHAT’S COMING UP IN CRAIN’S? manufacturing David Kamis THE EDITOR corporate circulation director Small Real Business Small Spring Patrick Sheposh business estate of law business residential founder G.D. Crain Jr. (1885-1973) report report report report real estate guide This week chairman Mrs. G.D. Crain Jr. (1911-1996) Feb. 12 Feb. 19 Feb. 26 March 12 March 19 on Page 14

12 | Crain’s New York Business | February 5, 2007 Q. GGK’s Slogan is… famous names of the boom dis- “Quality Companies Are Attracted To Us” solved,and tech seemed to disappear. But a few hardy souls like Mr. Ryan In your view, why are quality companies and persevered,and now they are found- not-for-profit organizations attracted to ing startups that are loosely labeled Goldstein Golub Kessler LLP? Web 2.0—firms that create close and powerful connections between users, A. “Quality not-for-profit organizations or firms that serve such ventures. are always seeking ways to do more Mr.Ryan says the main attraction to accomplish their missions; they of New York remains the same. His implement “best practices” in businesses need to be here because maximizing revenues and minimizing the city is home to their customers or expenses. partners.Music Nation,an American Idol-style Web site,must work close- We offer our not-for-profit clients ly with music companies. Panther the best of both — our understanding Ian J. Benjamin, CPA Express takes content and makes it of their mission combined with the Partner accessible on servers around the knowledge of business practices that 212.372.1480 globe; publishers are prime targets. help them build strong, sustainable [email protected] The city now offers tech firms organizations. We recognize the the necessary infrastructure, Mr. importance of the not-for-profit sector to the New York Ryan says, which was not the case region and we offer a full range of services for not-for-profit during the 1990s boom. The ven- organizations...that is why they have been attracted to us for ture capital community is much over 42 years”. larger and more sophisticated: It To learn more about our commercial audit services for pumped $2 billion into area compa-

john h.john howard privately-held companies, our specialized services for SEC reporting nies last year. Lawyers, accountants companies, hedge funds, broker-dealers, and not-for-profits, or to and real estate brokers know how to request a brochure, call me or visit our website, www.ggkllp.com. deal with startups. Even outsourc- ing is good for New York, because sending many basic functions to In- GOLDSTEIN GOLUB KESSLER LLP Sending Web 2.0 dia cuts the cost of doing business. Certified Public Accountants and Consultants Surprisingly, one of the great at- Quality Companies Are Attracted To USSM tractions is that New York workers 1185 Avenue of the Americas Suite 500 New York, NY 10036-2602 are loyal—at least in comparison to to NY’s rescue Tel 212 372 1800 Fax 212 372 1801 www.ggkllp.com the tech masses in Silicon Valley. “They go to a barbecue every ayor michael bloomberg is worried that ex- weekend where their neighbors are trying to recruit,’’ Mr. Ryan said at a cessive regulation of publicly held companies recent Crain’s economic forecast under the Sarbanes-Oxley law will hurt New breakfast. “They think nothing of York’s financial services industry. Kevin Ryan changing companies after a year or BUSINESS has no worries about New York’s attractions for two. In New York, people will stay with you.’’ BREAKFAST FORUM MWeb 2.0 firms,and he’s at work rebuilding the city’s tech indus- Oh, there is one problem. Wall try.If he succeeds,New York will achieve an important goal: di- Street is paying mediocre employees so much money that tech companies Amanda Burden, Chair of the versifying the economy. founded or relocated here can’t find programmers. Few have been work- because their customers The securities industry’s impor- City Planning Commission, will ing in tech here longer were here, whether they tance to the city is well-understood. discuss the land use implications than Mr.Ryan,a found- were ad agencies or me- The sector accounts for only 5% of of accommodating another million er of online advertising dia enterprises or pub- jobs, but pays so well—with average people in New York in the next firm DoubleClick. He lishers.DoubleClick be- salaries nearing $200,000—that it and co-founder Kevin came the biggest of those accounts for 20% of all the income in 25 years and Mayor Bloomberg’s O’Connor moved the companies;for one brief the city.The industry drives up pay in rebuilding plan. company here from At- moment, Mr. O’Con- other financially oriented businesses, Amanda Burden lanta in 1996 because nor was the city’s first making New York very rich indeed. Ms. Burden, who has had a large Chair, But when the securities business New York is home to Internet billionaire.The hand in reshaping the city in recent City Planning Commission the ad agencies they GREG sector grew so rapidly falters,as it always does,the economy sought as clients. DAVID that it employed 50,000 will suffer.No one knows if Web 2.0 years, will also be questioned on the many large projects The firm thrived, as people at its peak in can duplicate the new media boom, recently approved or awaiting action in the city. did the city, on the back 2000, some estimate. but a tech sector with 50,000 em- of the new media boom. Like Dou- When the bubble burst, tech ployees would do a lot to make up for bleClick,other tech businesses were shriveled.With a few exceptions,the that next contraction on Wall Street. Date: February 14, 2007 Place: Sheraton New York 811 Seventh Avenue Time: 8:00-8:30 a.m. Networking Breakfast CRAIN’S ONLINE POLL 8:30-9:30 a.m. Program Cost to attend: $60 for individual ticket(s) if WHAT SHOULD CITIGROUP DO ABOUT ITS CEO, WHO HAS BEEN pre-registered by February 7 (American Express, UNDER PRESSURE TO SHORE UP THE FIRM’S STOCK PRICE? Visa or MasterCard only); $70 thereafter $600 for table(s) of ten if pre-registered by A BARE MAJORITY of the 157 poll February 7; $700 thereafter respondents support embattled Citigroup Fire Mr. Prince and .19% YOU MUST BE PRE-REGISTERED TO ATTEND THIS EVENT. Chief Executive Charles Prince, arguing that find a new CEO Give Mr. ALL TICKETS ARE NON-REFUNDABLE. Prince more he is making strides toward improving the 52%. time. He’s To register go to newyorkbusiness.com and click on “Events,” making or fax your business card and credit card information to company’s share price. Only 29% believe Break up the .29% company. It’s too progress “Burden Breakfast” at 212-210-0499. For more information, call that the company would be better off if it big and diversified the Events Hotline at 212-210-0739. were split up, and 19% think Mr. Prince to manage should go. successfully SPONSORED BY:

For this week’s question: Go to www.NewYorkBusiness.com/poll to have your say.

February 5, 2007 | Crain’s New York Business | 13 business with the fund. Her two rivals say they would impose a $10,000 limit, the same maximum BIG HIRE Firm nabs Spitzer aide Mr. Spitzer has set for his fund RYAN TOOHEY (right), manager of Gov. Eliot Spitzer’s winning THE INSIDER raising. Ms. Stark dismissed campaign and a member of his inner circle, is joining Global by Erik Engquist and Anne Michaud concerns that she couldn’t win a Strategy Group this week as a principal. public election for comptroller, The Manhattan-based consulting firm served as Mr. Spitzer’s saying that her achievements as an top outside political adviser. GSG partners Jonathan Silvan and African-American woman from Jefrey Pollock say they want Mr. Toohey to help them take on the Brooklyn projects would make New York’s major public battles. Cautious plans for a compelling political story. “We love to get involved in what we refer to as the big Meanwhile, senior Democratic fights,” says Mr. Silvan, whose firm represented, for for pension fund sources say Mr. Spitzer can’t afford example, Ground Zero developer Larry Silverstein in to lose the fight over replacing the his lease renegotiation and Yankees owner George comptroller. he three nominees Steinbrenner in his quest for a new stadium. If he strikes a deal with for state comptroller say Mr. Toohey, who grew up in Buffalo, moved to Assembly Speaker Sheldon Silver to they would move install a consensus candidate, it will Manhattan after graduating from SUNY Buffalo in 1997. T He noticed a young candidate for attorney general and cautiously on taking advantage be business as usual in Albany and called the campaign office. “Eliot answered the phone, of a new law allowing New the governor’s famed “Day One” reform promise will be worthless. and I said I wanted to help,” Mr. Toohey recalls. York’s pension fund to put 25% He worked for the attorney general’s office for a year, of its assets in alternative but left to do public relations work, most recently with investments. Bronx leaders Westhill Partners. His experience advising politicians on business and private companies on government has The Legislature must diss Clinton given him an edge in both arenas. choose a successor to Alan bronx assemblyman Jose Rivera When presenting a chief executive with an ap images Hevesi, who resigned after a and Borough President Adolfo unpleasant political reality, however, Mr. Toohey, 31, scandal late last year.The three candidates—investment Carrión are planning an event for has sometimes been asked his age. Not anymore. banker William Mulrow, New York City Finance Commis- presidential candidate Sen. Barack “After the imprimatur of this successful cam- Obama, D-Ill., a direct slap at Sen. paign, people are no longer asking,” he says. sioner Martha Stark and Nassau County Comptroller Howard Hillary Rodham Clinton.

Weitzman—were selected by a panel of former comptrollers. A source close to Mr. Carrión buck ennis The committee rejected several Assembly Democrats who says Ms. Clinton always calls to march with him in the Puerto résumé, having worked for Jacobs wanted the job. Albany is locked in a political standoff Rican Day parade but has never sat Tracking transport Engineering Group, the city between Gov. Eliot Spitzer, who wants the new comptroller down to hear his thoughts on urban commish job Department of Transportation, the and Latino issues and on working Assembly Ways and Means selected from the three nominees, $146 billion fund, although they together. By contrast, Mr. Obama insiders say that Joan McDonald, Committee and the Metropolitan and Assembly Democrats. would avoid hedge funds. Mr. met with Mr. Carrión last February senior vice president of Transportation Authority. The position has sole authority Stark is more cautious, saying the to discuss his concerns. transportation for the city’s Mayor Michael Bloomberg’s office over the state’s $146 billion previous 15% limit is adequate for A Clinton spokesman says that Economic Development Corp., is would not comment on her pension fund. Messrs. Mulrow and diversification. she has spoken by phone with both the leading candidate to replace Iris candidacy. Weitzman say they believe that Ms. Stark also says she wouldn’t Mr. Carrión and Mr. Rivera, the Weinshall as transportation Ms. Weinshall is leaving in mid- nontraditional investments could take campaign contributions from Bronx Democratic county boss, commissioner. April to take a vice chancellor’s post safely compose 20% of the individuals or companies doing within the last week. Ms. McDonald has a broad at CUNY in charge of facilities. ■

LETTERS TO THE EDITOR Fringe benefit costs are out of control NOT-SO-HIDDEN the city’s elected leaders have a PUBLIC EXPENSES vision of the power of art to enrich our lives and have embraced The alair townsend’s Jan. 15 column, Armory Show as a vital part of “What Gov. Spitzer forgot to New York’s economic engine. mention,” is right on the money. katelijne de backer While working on a proposal Director,The Armory Show, for funding for a public agency in International Fair of New Art Rockland County, I learned that fringe benefits account for 51% of ALL NEWS, salaries. Government run amok. ALL THE TIME peter j. flier President glossy magazine supplements FBT Worldwide won’t be a deciding factor in the Stay...Corporate Focused in Midtown Manhattan survival of either the New York ARTS APPRECIATION Daily News or the New York Post To help ensure that your meetings are successful, the FOR CITY EXECS (“New York, New York,” Jan. 22). Radisson Martinique on Broadway offers an exceptional We have circulation battles unlike some other groups,The among a number of daily business meeting package. Armory Show is very pleased with newspapers.They vie with national the support we have received from papers and weeklies.There’s also 530 guest rooms and suites, city officials (“At Deadline,” Jan. 22). all-news radio, national networks Mayor Michael Bloomberg, City and local affiliates, cable stations 20,000 square feet of luxuriously Council Speaker Christine Quinn, and the Internet. New immigrants fitted meeting space, a dedicated Deputy Mayor Daniel Doctoroff, support native-language media. banquet staff and fine cuisine Cultural Affairs Commissioner In the marketplace of ideas, let’s prepared at your request Kate Levin and the city’s Economic hope there’s room for the Daily Development Corp. were News, the Post, Crain’s and everyone 49 West 32nd Street, New York, NY 10001 Tel (212) 277-2659 • www.radisson.com/martinique particularly instrumental in assisting else that keeps publishing. us with a new venue this year. larry penner It has been our experience that Great Neck, L.I.

14 | Crain’s New York Business | February 5, 2007

WEEK IN REVIEW

concluded in a report that ECONOMIC SPOTLIGHT Consolidated Edison Inc. operated a dangerously outdated power system. At the same time, the group concluded that the Public Service Commission lacked the resources to help manage the outage. Diabetes study an estimated one-third of New York City residents, or 207,000 people, suffer from undiagnosed diabetes. A city- sponsored survey found that 3.8% of respondents had diabetes but were unaware of their condition and that 23.5% had pre-diabetes. Sony BMG Harry Potter fever in software deal sony bmg music entertainment THE SEVENTH AND FINAL HARRY POTTER BOOK, Harry Potter settled U.S. Federal Trade and the Deathly Hallows, will go on sale July 21. The book will Commission charges that it likely mean big bucks for its American publisher, Scholastic illegally sold compact discs containing hidden antipiracy Inc. The Harry Potter series has sold 325 million copies software that may have damaged worldwide and contributed more than $800 million to consumers’ computers. Customers Economy Watch revenues at Manhattan-based Scholastic. Another Harry can exchange CDs, and the NYC’s unemployment rate stayed below 5% in December, coming in under the Potter movie, the fifth, will be released on July 13. company will pay them up to $150 U.S. figure. The area’s inflation rate edged up after three months of declines. to repair their computers. gettyimages NOVEMBER ’06 DECEMBER ’06 COMPARISON NYC jobless rate 4.5% 4.3% 4.5%1 will create a financial services Comverse delisted NYC employment change -2,300 -8,500 +45,9002 Yankee stadium provider with more than 4 million manhattan software company customers and quadruple Citi- Comverse Technology Inc.’s stock NY area inflation change -0.4% +0.2% +3.3%3 hosts All-Stars group’s credit card base in Britain. was delisted from the Nasdaq on 1-U.S. unemployment rate. 2-Change since December 2005. 3-Inflation rate for the latest yankee stadium was officially Feb. 1 following the company’s 12-month period. tapped as the site of Major League failure to file its financial reports Baseball’s 2008 All-Star Game. Stewart hires on time. Comverse had delayed NYC Hotel Stats Broadway Stats Officials expect the game to have the filings due to investigations an economic impact on the city of new editor into its past stock option grants. Room rates edged up a few more Attendance and gross dipped in the $148.4 million. marthastewart living cents in December, while occupancy week ended 1/28, The League of Omnimedia Inc. named Michael rates retreated, data from PKF American Theatres and Producers Boodro, the former editor in Lehman takes Consulting show. The averages for says. As the season reached week 35, Merrill buys bank chief of Culture & Travel, editor 2006 were $271.08, vs. $242.89 a attendance to date was 0.6% ahead of merrill lynch & co. agreed to of Martha Stewart Living.Mr. hedge fund stake year earlier, and 85.5%, vs. 86.1%. year-earlier levels; gross was up 9.4%. buy San Francisco-based First Boodro assumes a position that lehman brothers holdings inc. Republic for $1.8 billion.The deal has been vacant for several years, acquired a 20% stake in Spinnaker values First Republic at $55 a taking over some of the Capital, a London-based share—44% higher than the responsibilities of editorial emerging markets hedge fund that bank’s closing price on Jan. 26. director Margaret Roach and manages more than $5 billion. executive editor Amy Conway. Air America Housing vouchers Kraft spinoff gets reprieve mayor michael bloomberg and on March 30 liberal talk radio network the New York City Housing altria group inc., parent of Air America Radio reached a Authority said that 22,000 Section cigarette maker Philip Morris, tentative 8 vouchers will be made available said it would spin off its Kraft agreement to be for the first time in 12 years to Foods unit on March 30 as part of sold to SL applicants not facing housing a wider restructuring plan.The Green Realty emergencies. The city made the move is expected to boost Altria’s Corp. announcement after receiving stock price because tobacco profits Capital IQ’s Weekly Deals Report Chairman nearly $100 million in federal are expected to remain strong. TRANSACTION SIZE Stephen Green funding. —from staff reports and COMPANY (in millions) BUYER/INVESTOR TRANSACTION TYPE (right), less bloomberg news reports than four Currenex Inc. $564.0 State Street Corp. SB M&A Manhattan months after MBIA settles filing for Chapter 11. Al Franken Lexington Realty Trust $250.0 Not disclosed GCI reinsurance probe Manhattan plans to depart the network next Telco Group Inc. $120.0 Leucadia National Corp. SB M&A month, reportedly to seek a Senate bond insurer mbia corp. agreed Flushing, Queens seat in Minnesota. Mr. Green to pay $75 million to settle state Carousel Foods of America Inc. $9.0 Sabra SB M&A wouldn’t comment on his plans. and federal civil fraud charges Farmingdale, L.I. related to a 1998 reinsurance ALTRIA HOPES Optionable Inc. n/a Nymex Holdings Inc. SB M&A transaction. Regulators accused a spinoff will Valhalla, N.Y. Citi snaps up MBIA of using secret side deals to light up its stock. MyVideoDaily n/a ROO Group Inc. SB M&A avoid booking a $170 million loss. Manhattan online firm Selected deals announced during the week of Jan. 21 for companies headquartered in metro New citigroup inc. agreed to pay York. n/a Not available. GCI: Growth capital investment represents new money invested in a Blackout blame company for a minority stake. SB M&A: Strategic buyer M&A represents a minority or majority British insurer Prudential acquisition of existing shares of a company without the participation of a financial buyer. $1.13 billion in cash for the Egg a state assembly panel that istockphoto bekka lindström bekka online banking business.The deal studied the Queens blackout

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Products and services not available in all areas. Some restrictions apply. ©2007 Time Warner Cable. All rights reserved. *Based on Time Warner Cable Business Class standard maximum download speed of up to 8.0 Mbps versus the standard DSL business package maximum download speed of up to 7.1 Mbps. Actual speeds may vary. MEETINGS & CONVENTIONS INSIDE NYC’s largest events, ranked by number of attendees PAGE 27 “In the end, attendees felt like they were on Entertainment Tonight.” —Jaclyn Bernstein, Empire Force Events, Page 25 Meetings wouldn’t be Q&A the same without them Adman tells how he will EACH YEAR, thousands of sell NYC meetings and conventions are held in New York City. NYC & Company Most come off without a head will push city hitch, running smoothly from hotel check-in internationally; through the many speeches off-peak program and presentations and the last june, Mayor Michael evenings filled with Bloomberg announced that ad- specially conceived vertising veteran George Fer- 21 entertainment. 22 titta would head up the city’s newly revamped tourism and While the hosts and marketing efforts. His mission: speakers get the glory if a to consolidate the efforts of meeting is well-received, NYC & Company, NYC Big it’s the behind-the-scenes Events and NYC Marketing, the groups that respectively people who often deserve dealt with the convention and credit for BEHIND tourism industry, planned THE SCENES pulling off high-profile events and devel- these oped corporate partnerships Profiles of six with the city. events. key players The umbrella organization They make Pages 21-26 has taken on the name NYC & the city a Company. For the first time, the new chief executive publicly special place to visit and an discusses plans for the unit with ideal venue for conducting Crain’s tourism and hospitality business. reporter Lisa Fickenscher. There are the general Q: Mayor Bloomberg has 23 managers who make hotels 24 pledged $15 million annually to run like efficient small promote tourism. How are you cities, the operators of planning to spend that money? increasingly sophisticated A: We are spending the money in a variety of ways. We audiovisual equipment, and are creating liaison offices the tour guides who outside the U.S.There are six personalize the city for out- right now, and we want to create another six. of-towners. We are definitely looking to This report profiles six of develop specific programs that the professionals who help are designed to test and keep the city’s $5.4 billion evaluate how we spend our money. Some funds will be meetings and conventions spent on research to help us business booming. understand exactly which markets we should be in. We need to make sure that we don’t waste a single nickel of taxpayers’ dollars. A substantial expenditure will be to create a state-of-the- 25 26 See ADMAN on Page 20

February 5, 2007 | Crain’s New York Business | 19 REPORT MEETINGS & CONVENTIONS

marketing people in the previous tourism business. When you look at three organizations. I think NYC some of the people who were doing Adman lays out plan & Company has done a fine job of the creative executions here, they functioning and creating programs never had any formalized training. that were successful for the city of So we have now attracted many Continued from Page 19 room or be able to do the things New York, but there were limited marketing professionals. art Web site, which eventually will that they want. resources. And in my opinion, they pay for itself. We are interviewing did not invest in some of the Q: Are you looking for a successor for for an executive director to lead the Q: Now that NYC & Company, personnel who might be required to Cristyne? Web initiative. NYC Big Events and NYC make the job either more effective A: No.Tim McGuinness is being We have already created a Marketing are merged, what work or more efficient. bumped up to take over many of program called Open Book [which still needs to be done? We’ve brought in people who those responsibilities. And Fred A:

encourages tourists to visit the city We are still looking at the have very strong marketing Dixon is taking over her respon- buck ennis at off-peak times of the year]. You structure and the reporting system backgrounds. Even Cristyne sibilities on the international level. GEORGE FERTITTA has attracted “many don’t want to spend advertising and assessing our personnel needs. Nicholas [former chief executive of marketing professionals” to NYC & Company. dollars to tell people to come to the It’s interesting to note that there NYC & Company], who did a fine Q: Who will be the face of New York city when they may not get a hotel have not been a large number of job, was never in the travel and City tourism? A: I don’t believe that there needs to be one. In the past, I understand, there had been a face and it had been Cristyne, and to some degree Jonathan Tisch. But I think there will be an opportunity for me to say some things and to be part of that face as well as Tim McGuinness [executive director], Fred Dixon [vice president of tourism development], Maureen Reidy [chief executive of NYC Big Events] and Donna Keren [vice president of policy and research].

Q: You didn’t mention Mayor Bloomberg. A: Well, he goes without saying. He is the face of New York City. It’s his mandate, and we all buy into that. His goals become our goals, and frankly, we are looking to beat those goals. I’d love it if we attracted 50 million visitors by 2012.

Q: What can the city do to attract more conventions? A: As you know, we are renovating the Javits Convention Center, and I think that will be very helpful. Everything is moving in the right direction. One issue is that New York is an expensive city. We are addressing that by creating specific programs to better promote the boroughs.There are new hotels slated for Queens, Staten Island and The Bronx, and everyone knows that Brooklyn is thriving. So part of what we need to do is to [direct people to the other boroughs] by creating specific programs for them.

Q: Why is your advertising background important to this initiative? A: Advertising is a collaborative process. I would also say that coming from private industry, I know what it takes to run an organization that has to survive, thrive and grow. One of the things that I fully understand is that you cannot waste anything. A lot of programs that NYC & Company has done are great, but are they really valuable to the city? That’s what we are looking at.

Q: Is it a blow that we didn’t get the Democratic convention? A: I don’t think it’s a blow.There were some mixed feelings about whether it’s something we could completely dedicate ourselves to, in terms of raising tens of millions of dollars.

COMMENTS? [email protected]

20 | Crain’s New York Business | February 5, 2007 REPORT MEETINGS & CONVENTIONS For hands-on GM, Hilton is a city within the city

nabbed the New York post in 2002. Behind the scenes, he meets dai- Head of 2,100-room As hotel jobs go, running Hilton ly with the heads of all the hotel’s de- hotel gets involved Hotels Corp.’s flagship—New York partments. He regularly gets to- City’s largest hotel—is among the gether with convention executives in every little thing most prestigious and challenging in and meeting planners—in some the world.Located near Rockefeller cases,months or even years ahead of BY STEVE GARMHAUSEN Center, the Hilton New York boasts their event.When asked, he attends 2,100 rooms, 155,000 square feet client functions, such as benefit with an army of 1,500 employees of public space,two restaurants,two luncheons and ballroom galas. under his direction, you wouldn’t bars and the city’s largest ballroom. “He’s a quintessential hotel guy,” CONRAD WANGEMAN think the general manager of the says Joseph Spinnato, president of seems to have been swank Hilton New York would get $8 million a year for energy the Hotel Association of New York fated to run the Hilton New York. He was his hands dirty with grunt work. it hosts several hundred meetings City.“He’s very intense and yet very delivered by a Dr. But Conrad Wangeman is a and conferences a year,ranging from kindly in the way he treats people.” Hilton, and he grew up hands-on leader. Sure, he greets Friars Club roasts to industry con- Hilton won’t reveal Mr. Wange- in the Waldorf-Astoria.

every convention and ventions that bring in man’s salary, but such a position buck ennis meeting group at the be- BEHIND upward of 5,000 visitors. is likely to command around ginning of their stay and THE SCENES The hotel’s annual ener- $240,000, according to recruiting versity of Houston’s Conrad Hilton General Manager of the Year awards checks in with them gy bill alone is $8 mil- firm HospitalityExecutive.com. Hotel School. from both the Hospitality Sales and throughout. HOTELIER lion,and the yearly reno- Mr. Wangeman, 49, seemed fat- A perk of the job: Mr. Wange- Marketing Association Internation- But he goes further: vation budget is close to ed for his career. Although people man gets to rub shoulders with fa- al and Where New York magazine. During the blackout of $20 million. Mr. Wange- think he’s joking when he says it, he mous people from Bill Clinton to Running a hotel and conference 2003, Mr. Wangeman man likens the Hilton to was delivered by a Dr.Hilton,in Los the Dalai Lama to movie stars such center successfully requires a “bal- delivered food and beverages to ma- a city within the city. Angeles. There’s more: He grew up as George Clooney,who shot scenes anced, even-keeled” personality, he rooned guests. He once drove an “When you compare it to other in the Waldorf-Astoria, which his at the hotel for an upcoming film. says. It also takes a commitment to elderly guest to a Broadway theater properties, in size, scale and energy father managed for about a quarter training the next generation of lead- when taxis were scarce. He’s even it’s a very different entity,” he says. of a century starting in 1961. And Problem-solver ers, something he says gives him been known to join workers on the Mr.Wangeman’s day-to-day du- his grandfather was general manag- but it’s hardly all glamour. Mr. great personal satisfaction. scaffolding when the exterior of the ties make him a highly visible figure er of the Frankfurter Hof, a classic Wangeman has become adept at “As a GM, you can’t be every- building needed inspecting. at the hotel. They include greeting European luxury hotel in Frankfurt. dealing with problems ranging from where at all times,especially in a ho- “I believe you have to have a love incoming guests, chatting with em- “I think it’s a little bit in our domestic disputes to tension be- tel this size,” says Mr. Wangeman. and a passion for this business,” says ployees and walking the facility with blood,” says the understated Mr. tween conference groups about is- “If you run a hotel of this magni- Mr. Wangeman, a 28-year Hilton a critical eye on everything from Wangeman, who recently wrote a sues such as noise. tude, you have to develop people.” veteran who broke in as a general conference rooms to restaurants to letter of recommendation for a Mr. Wangeman juggles all his manager in Detroit 18 years ago and the fitness club and spa. nephew who is applying to the Uni- roles deftly enough to have won 2006 COMMENTS? [email protected]

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February 5, 2007 | Crain’s New York Business | 21 REPORT

THE GIG: Veteran video engineer Jim Dodge says meetings now have a plethora of technical requirements. buck ennis Lights, camera, PowerPoint

worked events where the house mis- Tech crews work takenly disconnected the entire long hours as events show’s AC power during the night.” An hour before the meeting, Mr. go Vegas-style Dodge checks in with Paul Hajjar, Unilever’s senior producer, for changes. He goes through the pro- BY MARGARET JAWORSKI gram, cuing Mr. Dodge on what goes up next, whether a PowerPoint it’s nearly 9 o’clock on a Tuesday presentation, video clip or full- night in the Grand Ballroom of screen magnification of the speaker. the Waldorf-Astoria.The 11-person The producer,who has been with crew from production company Unilever for 25 years, calls Mr. Paratore AV is three hours into the Dodge a pro. “I know he can handle job of rigging the room for whatever comes up,” Mr. the next day’s event, a BEHIND Hajjar says. meeting of 350 Unilever THE SCENES Working a corporate marketing and brand meeting isn’t quite as ex- managers. A/V hilarating as, say, han- On the floor, the audio EXPERT dling the visuals for and lighting technicians David Bowie’s 50th wrangle miles of cable birthday concert at Madi- into submission. On the balcony, son Square Garden, but Mr. Dodge video engineer Jim Dodge wrestles a stays engaged and alert.“You can’t get pair of megawatt projectors into per- complacent thinking all the shows Go Back to College for fect alignment with two oversized are going to be easy,” he says. screens on each side of the stage. Meetings are like weddings: Your Next Event Mr. Dodge’s tabletop control They can range from simple to ex- room—a laptop connected to two tremely elaborate.When budgets al- Introducing the Conference Centers at Baruch College flat-panel screens, a video monitor, a low,they can include all the bells and DVD player and an input switcher— whistles of a Las Vegas production. is hooked up and ready for a test run. Lanky and lean, with salt-and- Complicated setups TWO AFFORDABLE, STATE-OF-THE-ART FACILITIES CONVENIENTLY LOCATED pepper hair and a neatly trimmed “you can have complicated setups, NEAR MAJOR TRANSPORTATION beard,Mr.Dodge,57,could pass for like high-definition screens, multi- Eric Clapton’s younger brother.The media presentations with multicam- William and Anita Newman Conference Center, 151 East 25th Street: similarity extends to their mutual era feeds, and three or four projectors One large and four breakout rooms, accommodating up to 170 people affection for the guitar and their sta- displaying different content while tus as elder statesmen. another projector adds visual effects,” Newman Vertical Campus Conference Center, 55 Lexington Avenue (at 24th Street): “In this business,I’m an old man,” Mr. Dodge says. One large and seven breakout rooms, accommodating up to 300 people says Mr.Dodge,who has toured with He’s always up for the challenge. Paul McCartney, Pink Floyd and “Even when something goes wrong, • Sites for meetings, conferences, • Coat checkrooms located on REM. He recently turned down a my experience helps me figure out a classes, screenings, and social same floor tour with Justin Timberlake to spend solution,” he says. events • Uniformed and plainclothes some time with his wife at their Video projectionists who work • Full kitchens and on-site catering security officers available Shohola, Penn., home. steadily can earn a good living, but Two hours after the run- they’re not enjoying bankers’ hours available through,the crew members wrap up or hauling in glitterati money. • Audio-visual and technology for the night and retire to their Crews often work 14 to 18 hours a services included rooms at the Waldorf. At 6 a.m., a day.Rates start at $350 a day,though full two and a half hours before a veteran like Mr. Dodge can com- For further information, call Conference Center Director Crescentia Coutinho, showtime, they’re back at work. mand as much as $500 to $1,000. at 646-312-1442 or e-mail [email protected]. “We build in ample time to make The Unilever meeting went flaw- sure that no gremlins have ap- lessly. Another crew is coming in to peared,” Mr. Dodge says. A power set up for the next meeting, so the outage is the worst-case scenario, Paratore crew scurries to disassemble but general screwups also occur. and pack the gear.Everyone is in a big “A good deal of the electronic hurry.“We go home and look forward www.baruch.cuny.edu equipment is left on overnight, to doing it again,” Mr. Dodge says. which helps assure that settings that were made aren’t lost,” he says. “I’ve COMMENTS? [email protected]

22 | Crain’s New York Business | February 5, 2007 REPORT MEETINGS & CONVENTIONS Cooking for a cast of thousands

like this. We can plate up to 100 you’d have at a good restaurant,” she peeled mushroom caps in Marriott exec chef dishes every 10 minutes on each says. the basement for four strives to serve more belt.” The food prep for a banquet months before they let me For a system accustomed to serv- takes place 24 hours in advance, but into the kitchen,” Mr. Poliv- than rubber chicken ing 700 people a three-course din- the work is preceded by months of iou says.“It was a great expe- ner—the average banquet at the planning. Mr. Poliviou, his head rience.” BY ANDREW MARKS Marriott Marquis—a lunch for two cook and the catering manager met He cooked in California hundred is just another day at the with Ms. Lembesis in September to for a couple of years. Then it’s an hour before the day’s ban- office, but Mr. Poliviou leaves noth- craft the menu.Mr.Poliviou uses his the desire to come home quet—a lunch for 200—at the New ing to chance. 70-page seasonal menu to design a brought him to a Marriott York Marriott Marquis. The “plat- proposal for each event. on Long Island. Mr. Polivi- BORN TO BRAISE: ing” of the entrée, composed of cold The maestro “I’ll offer an option of five or six ou has been wielding his Achilles Poliviou’s early experience chicken, asparagus and new pota- “i’m like a maestro of the New styles, with hot and cold appetizers, knives at the Marquis for 10 was at his parents’ toes, is about to begin. York Philharmonic here, keeping the salad course,three or four chick- years, beginning as sous chef diner on Long Island.

Executive Banquet Chef everyone on tempo,” he says. “It’s a en dishes, the same number of beef at Encore, one of the hotel’s buck ennis Achilles Poliviou hovers great, amazing balancing and seafood choices and five types of restaurants.He took over his nearby while an assembly BEHIND act.” dessert,” Mr. Poliviou says. “It’s a current post in June. “But creating a fine-dining experi- line of toqued cooks array THE SCENES In this case, the client combination of doing what they ence for all those people is the real themselves along a six- is Receptive Services As- want and logistics. When you’re Efficiency and style challenge and the fun.” foot-long conveyor belt, CHEFS sociation of America, a dealing with banquet rooms all the the promotion put him in charge By all measures, he appears to be placing their respective New Jersey-based firm way up to the 39th floor,you have to of 21 sous chefs, 181 cooks and 91 meeting that challenge. Last year, food items on the passing that plans events nation- know what travels well.” stewards at the nonunion hotel. the Marriott Marquis reached a dishes. Completed plates wide. Executive Director Mastering the many elements of They follow his lead as Mr. Poliviou record $100 million in food and are loaded into a cabinet for trans- Felicia Lembesis thinks that Mr. the job comes naturally to Mr. Po- makes three daily rounds of his sev- beverage sales. “Banquets are the port to one of the hotel’s many ban- Poliviou strikes just the right note. liviou, who grew up on Long Island en kitchens, which are spread out lifeline of our business. We served quet rooms. “The Marquis is expensive, but working in his parents’ diner. “I over 10,000 square feet and three 650,000 people in banquets alone “The chicken’s nice and moist?” worth it,” Ms. Lembesis says. “The knew I was going to be a chef by the floors. In addition to banquets, he last year,” he says. “I started out Mr. Poliviou asks his sous chef, who food and service are the best I’ve ex- time I was in high school,” he says. oversees the hotel’s four restaurants cooking in the finest restaurants, answers in the affirmative. perienced, bar none. His formal training began at the and room service. and that’s what I’m trying to repli- Satisfied that things are going “I know how hard it is to make a Culinary Institute of America, fol- “Efficiently feeding a thousand cate here.” smoothly, Mr. Poliviou tells a visi- cold chicken dish for 200 people lowed by a stint working for Chris- or more people at a single seating— tor: “We have three conveyor belts taste good,but it was like something tian Delouvrier at Lespinasse. “I that’s my job,” Mr. Poliviou says. COMMENTS? [email protected]

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February 5, 2007 | Crain’s New York Business | 23 REPORT MEETINGS & CONVENTIONS Witty repartee wins over visitors on moving stage Mr. Leclercq, 39, loves wearing row, studying up,” he says. “It never Gray Line bus the entertainer’s hat. But make no ends.” entertainer needs mistake, he says; the job comes with He is, after all, a relative new- very real responsibilities and chal- comer to New York himself. Mr. to stay a step ahead lenges for him and the company’s Leclercq started out a decade ago of savvier customers 200 other guides. leading tours in New Orleans, in- cluding trips to the Big Apple, Stranded on the street which intrigued him so much that BY STEVE GARMHAUSEN one recent day, for instance, the he moved here five years ago. 10-year veteran guide found himself Mr. Leclercq can convey his bus tour guide Fabrice Leclercq and his passengers marooned knowledge in English or French. considers himself a New York City aboard one of the approximately 90 Michael Torrey, the driver with performer—and a successful one— Gray Line double-deckers as a whom he frequently partners, lends but he admits to having an ace up street protest froze traffic. Since his talents as a bilingual Spanish his sleeve. passengers can disembark only at speaker. “My stage moves,” he says. designated stops for safety reasons, A tour guide can never know Part historian, part comedian the guide had to entertain the crowd enough about the city—he needs to and part safety officer, for a full 90 minutes. study it endlessly to try to stay a step Mr.Leclerq says his job as BEHIND That is something ahead of his savvier customers. Still, a Gray Line guide is the THE SCENES that does not daunt Mr. every now and then a rider will cor- best in the world. Work- Leclercq.His knowledge rect him about a piece of trivia. One FABRICE LECLERCQ says that convention ing the microphone in TOUR of the city seems endless. example: the name of a venue where customers are good the open air of what he GUIDE On a recent two-and-a- Charlie Parker performed. tippers. calls “skyscraper national half-hour downtown “I was here in the city when he

park,” the personable loop, he pointed out the played,” a tourist told Mr. Leclercq buck ennis Rhode Island native appears to be former residence of Nikola Tesla, while setting him straight. having such fun that he could be on the inventor, and discussed Tesla’s But even more basic than gath- back of the bus to make it fair to the While about 70% of his delivery vacation himself. adversarial relationship with ering and conveying information is rest of the crowd”—are off the mi- has to do with dispensing informa- Mr. Leclercq and his colleagues Thomas Edison. keeping passengers safe, Mr. crophone, but he can amplify the tion,the remainder is about “making don’t usually do tours just for con- Mr. Leclercq then turned the Leclercq says. That means making message and the embarrassment if it light,” Mr. Leclercq explains. vention groups. But plenty of con- subject to the Indiana limestone sure they stay seated when the bus is he’s ignored. Thus, on the Brooklyn Loop tour, ventioneers and their families use that covers a portion of the Empire on the move. out comes the local accent, as he their free hours to take in the city via State Building. A moment later, he “Someone might decide to get New York sense of humor speaks with tongue firmly in cheek. tour bus. explained the workings of Macy’s up and go downstairs,” he says. mr. leclercq takes pride in not “What’s a tree? The number be- Tour guides, who earn $13 per interactive holiday windows. “What they don’t realize is that just introducing his customers to tween two and four” is a staple. hour, can often single out conven- Mr. Leclercq does not let a there could be a 700-pound traffic the city, but also in helping them What’s not to like about his job? tion-goers because of their generos- chance to learn more about the city light coming right at them.” enjoy their tours. His monologue is The weather, Mr. Leclercq offers, ity, Mr. Leclercq notes. pass. For instance, he pounced on And he must deal with the eti- peppered with one-liners that con- adding that he has become an ex- “Convention customers are good the New-York Historical Society’s quette violators, mainly passengers vey a New York wryness, such as pert in thermal underwear and oth- tippers,” he says. “Probably because exhibit on Alexander Hamilton two who chatter at length into their cell one about a view of Macy’s being er layering solutions. at the restaurants and hotels they years ago. phones. The first couple of prods— blocked “like everything else these use, they’re used to doing it.” “I was there six weekends in a “Please keep it short or move to the days, by a Starbucks.” COMMENTS? [email protected]

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24 | Crain’s New York Business | February 5, 2007 REPORT

AMERICA’S PREMIER CONFERENCE RESORT Knock-your-socks-off Need a strategy meeting? events are a requirement Call Doral Arrowwood. Planner oversees small dinners, big events; hold the rain

BY GINA SCHECKMAN

“i should have known this was a crazy business when my first em- ployer interviewed me on the Satur- day of Thanksgiving weekend,”says Jaclyn Bernstein, president and partner of Empire Force Events in Manhattan. But after identifying event plan- ning as her dream job in her senior year of college, Ms. Bernstein has never looked back. Her outgoing personality and street smarts—she grew up in Brooklyn and participat- ed in student activities from grade Plan on Doral Arrowwood school through college—are ideal for your next meeting. for a profession that requires cre- Our strategy is simple: Your meetings and conferences are our ativity, fast thinking and an atten- tion to detail that sometimes verges primary focus. Large or small, your meetings at Doral Arrowwood on fanatical. simply have to be better than anywhere else. “I was always planning, coordi- JACLYN BERNSTEIN’S Empire Force Events Next, satisfy our clients every time. We draw on 23 years of nating and organizing in school,” handles 200 projects experience and offer a staff of specialists who will roll up their notes Ms. Bernstein, who was pres- a year. ident of her class during each of the sleeves and get to work for you – from the big picture to the

four years she attended the Univer- buck ennis smallest details. sity at Albany, State University of New York. would better meet her objectives. first season of The Apprentice and Finally, offer the ideal combination of state-of-the-art These days, Ms. Bernstein and Ultimately,the group had its awards such high-profile projects as the conference rooms, luxurious guest accommodations, outstanding her partner, Robert W. Hulsmeyer, dinner at Cipriani Wall Street and a United Nation’s “Stand Up Against food, extensive recreational and fitness facilities and a very oversee Empire’s 14 employees and meeting at the Hammerstein Ball- Poverty” event in Times Square last a large stable of freelancers. The room, where attendees sat at cus- October. But success has its price. convenient location, just 45 minutes from mid-town Manhattan. company handles nearly 200 proj- tom-built crescent-shaped acrylic The growth of her company has That’s our strategy. Focus on yours – at Doral Arrowwood, ects each year—ranging from set- tables with lights underneath that forced Ms. Bernstein to delegate. of course. ting up a private dinner for 10 exec- illuminated Stanford’s logo. utives to coming up with all the “Empire first and foremost Delegating authority bells and whistles for a multiday brought a knowledge of New York “my role has changed,” she says. Call today. 866-784-0459. meeting. and an understanding of how to ma- “Learning to pull back and let go is At the start of a project, Ms. neuver a big group like ours in the my greatest challenge.” She has also Bernstein and her team ask count- city,” says Ms. Hughes. found it difficult to balance her extro- less questions, both to arrive at the Stanford’s final event was a Stu- verted personality (“If there’s a stage, general goals of the event dio 54 theme party at I’m on it”) with the need to focus in- CONFERENCE RESORT and to elicit ideas from BEHIND Capitale, located on the ternally on human resource issues. 975 Anderson Hill Road • Rye Brook • New York 10573 www.doralarrowwood.com the client. “Even if you THE SCENES Bowery in a former bank While she has learned to let her have only $100 per per- building, where an inside staff run with the details once a proj- son to spend for dinner, PARTY entryway was re-created ect is in play, Ms. Bernstein or her it’s an investment,” says PLANNER as an outside facade,com- partner are the first point of contact Ms. Bernstein. “But we plete with velvet rope. “It for a client. In the case of Stanford have to get creative with- was a quintessential New Financial Group,seven Empire em- in parameters. For some clients, do- York experience,but customized for ployees and 70 freelancers handled ing a progressive dinner starting my group,” says Ms. Hughes. “It myriad details that included local with Katz’s Delicatessen on the blew everyone away.” transportation, entertainment, pro- You do business, Lower East Side, where people or- It sounds glamorous now, but duction, decor and security for the der from the deli man,is an inexpen- back when Ms. Bernstein graduat- three-day meeting. sive but very New York experience.” ed from college with a degree in Even their careful planning, WE DO THE REST. business administration, event however, couldn’t stop the city from Stay better in New York Original concepts planning was a fledgling field with starting to do construction on the for big-budget projects, inten- few opportunities. Her persistent street that the 750 attendees were With two hotels on Manhattan's sive client consults and the asking of follow-ups,involvement in industry crossing en route to dinner at Cipri- fashionable East Side, you’re right where you want to be. many questions are key to coming up associations and willingness to ani from a cocktail reception—in- with original concepts, says Ms. work free for a month eventually tended to be a “red carpet walk.” www.fitzpatrickhotels.com Bernstein. When Kay-La Hughes, landed her a position as an assistant “We brought in trees to delineate event/marketing manager for the with Tours de Force Events. Six the path,” says Ms. Bernstein. Houston-based Stanford Financial years later, in 1994, she and Mr. “Then it started to rain. We lined Group Co., called Empire Force Hulsmeyer, a Manhattan-based the street with staff holding over- Manhattan • Grand Central about a 750-person sales meeting freelance event producer,purchased sized umbrellas on both sides,creat- Reservations: 1-800-367-7701 and employee recognition event in the company and renamed it Em- ing an overhead canopy to shelter Irish Hospitality With An American Accent New York, she wanted to check out pire Force Events. people as they walked. In the end, the city’s hottest new restaurants as Ms. Bernstein and Mr. Huls- they felt like they were on Enter- potential event venues. meyer’s reputation and visibility in tainment Tonight.” But Ms. Bernstein persuaded the event-planning industry gar- Ms. Hughes that classic venues nered them a television spot on the COMMENTS? [email protected]

February 5, 2007 | Crain’s New York Business | 25 REPORT How art of deal-making helps land the big shows New agency’s head lures major events; expanded Javits key

BY ANDREW MARKS

trying to catch up with Tim McGuinness is about as difficult as finding a hotel for 300 convention- eers on short notice. Mr. McGuinness is one of the people directly responsible for real- izing Mayor Michael Bloomberg’s declared goal of increasing the number of visitors to the city to 50 million from 43 million by 2015. To that end, he has just been promoted to executive director of NYC Visit, a division of NYC & Company. The position has Mr. McGuin- ness keeping several balls in the air at once: He’s deeply involved with the expansion of the Jacob K. Javits Convention Center, the city’s pri- mary venue for such events, as well as the redevelopment of Piers 92 and 94 as meeting and convention TOP JOB: “My mission venues. is to make New York the No. 1 convention His primary duty, however, re- destination,” says NYC mains enticing major conventions Visit’s executive director, and trade shows to the city, then Tim McGuinness.

working behind the scenes to ensure buck ennis that they go smoothly. Go to newyorkbusiness-risingstars.com “My mission is to make New York Washington, D.C., to make a pres- ria were met,and last September the for photos, profiles and for the first time ever candid the No. 1 convention destination,” entation. institute voted to hold its 2018 con- Mr. McGuinness says. “It always “They are one of the Cadillacs of vention here. video interviews of the honorees. comes down to making potential the convention world,” Mr. “Tim’s got a great talent both for customers happy—be it finding the McGuinness says of the AIA. “We understanding what trade show right space for their meeting or get- got them excited about our expan- planners want and for delivering it ting them enough beds at a good ho- sion plans for the Javits Center and by thinking creatively,” says Tony tel that fits their needs and budget.” how perfect a fit New York would Calanca,vice president at Advanstar Mr. McGuinness, 47, be, with its wonderful, Communications, a national trade has made a career of BEHIND iconic architecture.” show organizer. pleasing meeting and THE SCENES A year later, the AIA trade show planners. He sent a formal request for Getting involved started on the client side, NYC & proposals detailing con- mr. mcguinness also seems to spending 17 years with COMPANY vention specifications know just about everyone in the city Reed Exhibition, the and asked New York to with event space. Mr. Calanca, for world’s largest trade show bid on the next open instance, could not locate a spot for manager. “We were Javits’ second- year—2018. Project New York, a large men’s ap- largest customer,” he says. “They wanted specific days at the parel trade show that ran from Jan. His relationship with the cen- Javits Center during the busiest 22 to Jan. 24 this year—until Mr. ter’s staff and management made convention season,and they wanted McGuinness got involved. for a smooth transition when he only five hotels to handle the 1,600 He first proposed the James A. joined NYC & Company in 2004 room nights they required,” Mr. Farley Building, the largely unused, to work with exhibitors. “I know McGuinness says. landmarked post office building that what the Javits Center can and can’t But because getting the AIA to is slated to become the new Penn do for clients,” Mr. McGuinness New York would mean about Station. When that idea didn’t pan says. $25 million in business, Mr. out, Mr. McGuinness suggested McGuinness set about convincing Pier 40, which had never been used Putting deals together all parties concerned that it was well for a trade show. Officials at the the executive likes to be on the worth their while. Hudson River Park Trust,which ad- center floor when one of his clients He cajoled Javits Center man- ministers the pier, were wary. has a show, though the work of agement to clear the AIA’s desired “Tim made the introductions pulling off a successful event usual- dates, which entailed moving busi- and smoothed the way with them,” ly begins years in advance. ness already on the books. He Mr. Calanca says. “Without his For instance, Mr. McGuinness worked with NYC & Company help,they would never have gone for first pitched the American Institute member hotels—most in the city— it.” of Architects—which holds one of to agree to take on more convention Mr. McGuinness says, “That’s the nation’s biggest annual trade guests than they would normally my job—to get the right people in a shows, generally on the West prefer. room together so they can figure out Coast—in the spring of 2004, when “People had to make a lot of con- what needs to be done.” he traveled with an NYC & Com- cessions,” he says. pany team to AIA headquarters in The upshot: All the AIA’s crite- COMMENTS? [email protected] REPORT MEETINGS & CONVENTIONS

THE SHOW’S THE THING LEADING CITIES Impact The New York International Auto Ranked by total number of shows Show contributed an estimated Ranking City Shows* $181 million to the economy. 1 Las Vegas 211 Venue 23 of the top 25 events were held 2 New York 133 at the Jacob K. Javits Convention Center. 3 Toronto 133 Future A planned Javits expansion would 4 Chicago 132 increase exhibition and meeting space to 5 Atlanta 99 1.3 million square feet from 790,000 *Conventions with exhibits and trade exhibitions/trade shows with at least 5,000 square feet. net square feet of exhibit space. Source: Tradeshow Week magazine New York International Auto Show American International Toy Fair gettyimages bloomberg newsbloomberg New York City’s Largest Events Ranked by number of attendees

Net sq. ft. of Rank Event Web site 2006 event date Estimated attendance Management company exhibit space 1 New York International Auto Show www.autoshowny.com April 10-23 1,200,000 Greater New York Automobile Dealers Association 700,000 2 New York International Orchid Show www.gnyos.org April 20-23 150,000 Greater New York Orchid Society 20,000 3 New York International Motorcycle Show www.motorcycleshows.com Jan. 20-22 78,364 Advanstar Communications Inc. 122,050 4 New York City Marathon www.ingnycmarathon.org Nov. 2-4 75,000 New York Road Runners 127,000 5 New York National Boat Show www.nyboatshow.com Dec. 30, 2005-Jan. 8 74,337 National Marine Manufacturers Association 283,450 6 Greater New York Dental Meeting www.gnydm.com Nov. 25-29 54,137 Greater New York Dental Meeting 190,000 International Beauty Show New York/International www.ibsnewyork.com/www.iecsc.com April 30-May 2 50,000 Questex Media Group 175,000 7 Esthetics Cosmetics & Spa Conference New York 8 DigitalLife www.digitallife.com Oct. 12-15 50,000 Ziff Davis Media Inc. 115,000 9 New York International Gift Fair/EXTRACTS www.nyigf.com Jan. 28-Feb. 2 43,000 George Little Management 649,507 New York International Gift Fair/New York Home www.nyigf.com Aug. 12-17 38,000 George Little Management 618,298 10 Textiles Show/EXTRACTS 11 International Hotel/Motel/Restaurant Show www.ihmrs.com Nov. 11-14 35,600 George Little Management 220,000 12 Art Expo www.artexpos.com March 2-6 33,000 Summit Business Media 118,000 13 New York Comic Con www.nycomiccon.com Feb. 24-26 33,000 Reed Exhibition Cos. 29,562 14 New York Times Travel Show www.nytimes.com/travelshow Feb. 24-26 26,000 The New York Times Co. 80,000 15 American International Toy Fair www.toyfairny.com Feb. 12-15 25,000 Toy Industry Association 325,000 16 Photo Plus www.photoplusexpo.com Nov. 2-4 25,000 VNU Expo Inc. 75,000 17 New York Chocolate Show www.chocolateshow.com Nov. 10-12 25,000 Event International Inc. 31,000 18 Licensing International Expo www.licensingshow.com June 20-22 23,000 Advanstar Communications 210,000 19 International Contemporary Furniture Fair http://icff.com May 20-23 23,000 George Little Management 145,000 20 Adventures in Travel Expo www.adventureexpo.com Jan. 13-15 23,000 Unicomm 75,000 21 Summer Fancy Food Show www.specialtyfood.com July 9-11 22,594 National Association for the Specialty Food Trade 322,500 Co-located MD&M, EastPack, Atlantic Design & www.canontradeshows.com June 6-8 22,566 Canon Communications Inc. 242,434 22 Manufacturing, PLASTEC and ATX Show 23 WIRED NextFest www.nextfest.net Sept. 29-Oct. 1 20,000 Wired/Nextfest 130,000 24 New York Restaurant & Food Service Show www.internationalrestaurantny.com March 5-7 20,000 Reed Exhibitions 115,000 25 HBA Global Expo www.hbaexpo.com Sept. 12-14 18,000 CMP Information 220,000

Source: Denise Southwood and Adrianne Pasquarelli, with contributions from April Ayala and Whitney West. New York City includes the Bronx, Brooklyn, Manhattan, Queens and Staten Island only. Crain’s New York Business uses staff research, extensive surveys and the most current information available to produce its lists, but there is no guarantee that these listings are complete. To qualify for this list, events must be held in New York City. Management companies were contacted for this list based on information from the Jacob K. Javits Convention Center and NYC & Company. Information was supplied by the management companies. In case of tied figures, events are ranked by net square feet.

All Crain’s business lists are available at www.NewYorkBusiness.com/lists.

February 5, 2007 | Crain’s New York Business | 27 SMALL BUSINESS

Of course, the family has grown as well, and managing the impact of Builder makes family a selling point that growth has been one of the firm’s big accomplishments. Nearly 50 years ago, the Gallins proxy and solicitation firm. topher Gallin.“We’re there when no agreed to a succession plan stipulat- Principals oversee He chose John Gallin & Son, FAMILY MATTERS one else wants to be.” ing that only family members who projects; sweat where one generation has handed Eight years ago, for example, the work at Gallin & Son are eligible to the business off to the next for 120 JOHN GALLIN & SON contractor agreed to do $1,000 own shares in it.When a partner re- equity required years and where the family’s in- worth of work patching ceilings and tires, the firm repurchases those for ownership volvement has been elevated to a OWNERSHIP Fourth-generation rehanging doors at one of Ann Tay- shares. central selling point. Gallins lor’s Manhattan offices. Five years “The fact that they were family- later, Gallin was given a $30 million Commonality BY VICTORIA RIVKIN GEOGRAPHIC RANGE 95% of owned helped, because I could deal projects are in Manhattan contract to manage the build-out of the arrangement helps keep the with owners who had a lot invested the clothier’s 300,000-square-foot business on track, according to the hen Carl Palaz- in their business,”Mr.Palazzolo says. PROJECT PRICE RANGE $1,000 headquarters at 7 Times Square. current owners. zolo went look- Some families can barely get to $35 million “Small jobs are just big jobs wait- Though they make some deci- ing for someone through a Christmas dinner togeth- SWEET SPOT $2 million to ing to happen,”says Chief Financial sion only after a heated discussion, to renovate D.F. er. Not the Gallins. $3 million projects Officer Thomas Gallin. More than they make them collectively, say the King & Co.’s of- The four principals—three 75% of the firm’s large projects last Gallins—who add that absolutely fices in Manhattan and Brooklyn brothers and their first cousin— RECENT LARGE PROJECT CUNY year came from repeat clients. Be- no shoptalk is allowed at family W Graduate School of Journalism at three years ago, he knew exactly work together as a well-coordinated cause the Gallins have a loyal cus- gatherings. what he needed in a contractor. team five or six days a week. Gallin the former home of the New York tomer base, they can spend more “We never get to choose who we “I wanted to & Son promises all customers, re- Herald Tribune on West 41st Street time on getting the work right and work with, but working with family, be important gardless of size, that an owner will MAJOR CLIENTS NBC, Rocke- a little less time on marketing. we at least know that we have a com- enough to them personally oversee their project. feller Brothers Fund, Prudential John Gallin, an Irish immigrant, mon thread and a common pur- to have the key Securities, The Durst Organization didn’t have that luxury when he es- pose,” Mr. Varian says. people be re- Starting small tablished his masonry and concrete The group has another powerful LANDMARKS sponsive to me,” “every client is very interested in company in downtown Manhattan incentive to remain cohesive. Fourth in an says Mr. Palaz- knowing who he deals with day to pieces of business as well as establish in 1866. It has grown into an outfit “No one wants to be the guy who occasional zolo, senior vice day,” says President Mark Varian, a long-term relationships. booking $60 million worth of busi- sank the ship after all these years,” series on NYC president and Gallin on his mother’s side. “One of the ways we stay in busi- ness a year; it maintains 22 full-time Thomas Gallin says. institutions chief financial The Gallin-as-point-person ness is that we grow with our office employees and 25 full-time officer of the policy has helped win individual clients,” says Vice President Chris- construction workers. COMMENTS? [email protected] Can Cocktail connect with 20-somethings?

but you would have to buy several to anymore, I’m surprised there isn’t ferent.If it’s a quality product,it will Bauer has high magazines to get it,” says Hubert some ‘viral teaser’ to get me excited succeed.” hopes, but women Boehle, chief executive of Bauer. about a magazine that is all about me Based particularly on the rise of “And let’s face it,” Mr. Boehle and my niche market. Bauer’s In Touch Weekly, which has raised on the Web says. “This is the first generation of “Sorry, Cocktail Weekly, but you achieved average newsstand sales of aren’t easy to lure readers who grew up with the Inter- have already missed my mark. If you more than 1.1 million in less than net,so they are used to getting time- want a real point of difference, inte- five years, the publisher should get ly information. That’s why Cocktail grate your medium into my media the benefit of the doubt. BY NAT IVES is a weekly.” space.” The twentysomething young The test the magazine business has Finding space women of today are yesterday’s assuming Cocktail makes a go of it, watched newsstand sales slide for speaking of the web,consider the teenage girls, and just last year, they the real questions may be how long years. Women already have all sorts following comment posted on couldn’t keep Elle Girl or Teen Peo- it can last—and why. of magazines trying to serve them. AdAge.com about its report on the ple alive in print. That is to say, what happens So why does Bauer Publishing think launch of Cocktail: “I’m a twenty- The shutdown of those maga- when the teens who stopped buying adding another weekly title to the something, and the first thing I did zines—and the promises by their Teen People and Elle Girl reach Cock- rack is a good idea? was Googled it, then URL’ed it— publishers to keep the brands alive tail age? Will they shell out for a Cocktail Weekly,as Bauer plans to and nothing,” says Faye Wong of online—set off lots of talk about magazine aimed at their new age OVERSERVED: The weekly combines celebrity call it, will target a twentysome- Boiler Room Communications in kids’ preference for digital. news with beauty, fashion and health tips. bracket? thing crowd with a mix of celebrity Melbourne, Australia. One media buyer says Bauer If the teen books were early warn- news, relationship tips, health and Ms. Wong continues: “With all knows what it’s doing on the news- ings, Cocktail could be the next test. nutrition coverage, and fashion and the information going around about stand, where it does almost all its ice-oriented Glamour-slash-Cosmo beauty spreads. the [Web] and about how maga- business. kind of escape,”the buyer says.“And Nat Ives is a reporter at Advertising Age, “This information is available, zines just aren’t working as they used Cocktail is “a quicker, more serv- the fact that it’s weekly makes it dif- a Crain publication. CFOs. Based on round trip purchase, excluding taxes and charges. Please see the bottom line. *

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28 | Crain’s New York Business | February 5, 2007 pearl power

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The BlackBerry and RIM families of related marks, images, and symbols are the exclusive properties of and trademarks or registered trademarks of Research In Motion Limited – used by permission. RIM and Research In Motion are registered in the U.S. Patent and Trademark Office and may be pending or registered in other countries. AT&T and the AT&T logo are registered trademarks of AT&T Inc. All rights reserved. ©2007 Cingular Wireless. All rights reserved. BANNER YEAR: China’s consumer class is fees, merchandise and growing; small New ticket sales. NBA York eateries and giant games, which are hotel chains alike hope Firms wrestle for roles broadcast by 51 sta- to capitalize on this at the 2008 games. tions throughout Chi- na, will be on more than 60 by the end of at Beijing 2008 Olympics this season. The 2008 games jing. Starwood opened a Westin are expected to be the See huge opportunity there in October and plans to debut biggest sports specta- SPORTS MEDICINE two more Beijing properties—a cle ever held in modern in growing economy; What the 2008 Olympics mean to Four Points Sheraton and an Aloft China and the most- lack of deep pockets, China. hotel—by 2009. Starwood also has watched athletic event signed on as an official sponsor of the in television history. China savvy may hurt 1.82M Special Olympics, which are sched- The worldwide TV JOBS CREATED1 uled for this October in Shanghai. audience could exceed BY SAMANTHA MARSHALL Even some smaller businesses are the 127 million view- hoping to tap into China’s Olympic ers who tuned in for at a sports marketing summit at $16.65B fever. The entrepreneurs behind the Athens Olympics ap images the Jacob K.Javits Convention Cen- TOTAL DIRECT famed Harlem soul food restaurant in 2004, according to ter last June, one speaker stole the INVESTMENT Sylvia’s are planning to use the research firm Initiative Media. president of Cornerstone Promo- show. Yuan Bin, the top licensing games to launch their first interna- But some businesses trying to tion and a former NBA executive. and marketing decision-maker for 2M tional venture. They hope to open take advantage of the games—par- For all its attractions to Western the 2008 Olympic Games, told VISITORS 2 Sylvia’s Express, a small fast-food ticularly smaller ones that don’t have entrepreneurs, China is a famously more than 400 executives about the 1-Between 2004 and 2008. 2-In 2008. chain, as well as a concession stand deep pockets or that lack an estab- difficult venue for foreign business- enormous business opportunities Source: Beijing Municipal Bureau of Statistics in Beijing in time for the games.The lished presence in China—risk get- people. Firms that do not negotiate presented by the Olympics. owners of the 45-year-old establish- ting sidelined by bigger enterprises. with the Olympic committee to be- Less than a year later, the stam- ment are experimenting with Asian Many major Western companies,in- come official sponsors will have to pede has begun. firms involved in sports marketing fusion menus and shopping for in- cluding Nike, Hilton Hotels and fight the bureaucracy and corruption “The rush to be part of the and hospitality who hope to use the vestment partners. Anheuser-Busch,plan to spend mil- that many investors encounter when Olympics in Beijing is greater than games to launch or expand opera- “I feel like the opportunity is so lions of dollars to market their prod- they first try to enter the market. any I’ve ever seen,” says Jennifer tions in China. big and this is just the right time for ucts in China during the games. “If you’re looking for long-term Karpf, director of the National Last year, Ogilvy & Mather cre- us to spread our wings,” says Van opportunities in China, it’s a very Sports Marketing Network, which ated a sports marketing division in Woods,a son of Sylvia Woods and a A pretty penny expensive business model,”says Don- hosted the Javits event. “There’s an China. The ad agency has put six co-owner of the restaurant. furthermore, the most attractive na Quadri-Felitti, a clinical assis- explosion of people trying to set up people on the ground and expects to Of course, for some major New Olympic marketing opportunities tant professor at New York Univer- offices or do business there.” do more hiring over the next year. York companies, Beijing 2008 is a don’t come cheap. Beijing officials sity’s Tisch Center for Hospitality, The firm is undertaking Olympic- major sponsorship opportunity.The haven’t disclosed sponsorship fees, Tourism and Sports Management. 600 million spenders related marketing efforts for multi- National Basketball Association, but sports marketing experts say that Many investors remain unde- china’s consumer class is bur- national corporations such as Unit- which has already targeted the Chi- over four years,some firms will spend terred. “It may be hard, but it’s not geoning—the number of Chinese ed Parcel Service and Johnson & na market, plans to double its num- as much as $100 million to use the impossible,” says Myles Matthews, with disposable income is expected Johnson,along with several Chinese ber of China employees to 100 by Olympics to market in China alone. president of the Global Trade & to grow to 600 million in 2010 from companies, including China Mo- the end of this year. Competition from Chinese business- Technology Center, a New York 300 million today—and the country bile and Bank of China. The Olympics will increase bas- es is one factor driving up these costs. nonprofit that is advising Sylvia’s on is pitching the 2008 Olympics as a Starwood Hotels & Resorts, ketball’s exposure in a country that “There’s a tremendous amount of its China plans. “Things in China coming-of-age celebration for its which operates 31 hotels in China already accounts for about 20% of pent-up demand, because this op- happen so fast.” economy. The run-up is sparking a and is developing another 28, has the league’s $600 million in interna- portunity has never existed before,” push by executives at New York area been expanding its holdings in Bei- tional revenues,including broadcast says Steven Justman, executive vice COMMENTS? [email protected]

a decade ago. Foodtown Supermar- Neighborhood Journal kets, Foodfair Supermarkets and a Key Foods eventually established locations. “Those supermarkets have spent Retail renaissance on Bed-Stuy strip millions of dollars on their stores,” Mr. Vacca says. “A BJ’s would have peaceful environment and have cof- thumbs down to a proposal for a really hurt local trade.” Spate of new shops, fee and something to eat,” says big-box grocery in the Throgs Neck Mr. Vacca and fellow Coun- eateries on Lewis Lloyd Porter, Bread Stuy’s owner. section of the Bronx, plans have cilmember Annabel Palma spear- “Once upon a time, you just didn’t been announced to build a Home headed the anti-BJ’s campaign. Ave.; Throgs Neck have that kind of option here.” Depot on the same spot. They added fears of traffic tie-ups Old stereotypes are fading.Three The company will construct a and concerns about bad labor prac- gets Home Depot years ago,Ivette Felix was taken aback 135,000-square-foot store on a tices to their list of complaints. when her sister moved to Bedford- long-vacant lot on Bush Avenue, But Home Depot is different. spate of store open- Stuyvesant,which for years conjured the site of a fierce two-year battle “We’ve had the experience that ings is giving a surpris- up images of poverty and danger. that pitted area grocers against BJ’s the Home Depot is accustomed to ing new look to Lewis - “I was like, ‘Whoa, you moved Wholesale Club. paying a living wage,” Ms. Palma Avenue, one of the where?’”Ms.Felix recalls.A year lat- City Assembly members and says. “They’re not union, but they main shopping streets er, her sister opened The Little Red residents alike welcomed the home recognize that paying benefits is im- Ain Bedford-Stuyvesant. Boutique, which sells clothing, jew- improvement chain’s recent build- portant.” Lewis Gallery, an art and fram- elry, handbags and bath products— ing application. In the end, the city’s Land Use ing shop, launched in June after . “a little bit of everything,” says Ms. “I just think there was a realiza- Committee denied BJ’s application moving from downtown Brooklyn. Felix, who now manages the shop. tion that the Home Depot is not re- on the grounds that it didn’t meet French-African restaurant Petit The changes have caught some ally threatening at all,” says Coun- zoning requirements. The Home

Bassam opened in the late fall. lindström bekka long-term residents off guard. cilman James Vacca, whose District Depot, on the other hand, will ben- Stizzy,a bar and lounge that will fea- “People would come in here 13 includes the site. efit from a quirk in the land-use reg- ture a performance space—not pin- once dominated the local landscape. yelling,” Mr. Porter says. “I’d say, The reaction is quite a contrast to ulations: A clause in the zoning ball—will debut soon. The staff at Bread Stuy, a trendy ‘Why are you yelling? There’s no the hostility generated by BJ’s appli- rules allows hardware stores of any Even the vegetation is improved: bakery and café that opened in 2001 bulletproof glass in here. You can cation. Local leaders fought tooth size. One stretch of the retail strip was and presaged the rebirth, even talk to me. You can touch me.’They and nail to keep the discount empo- The Bronx already has two named the “greenest” commercial watches latchkey kids and moves appreciate the sense of humanity.” rium out, charging that it would en- Home Depots—on Gun Hill Road block in Brooklyn last year. people’s cars on street-sweeping —erik engquist danger the progress that the com- and on Zerega Avenue—so neigh- “Our neighborhood is gentrify- days. Bread Stuy’s success has munity has made the past eight bors aren’t as worried about conges- ing,”says gallery owner Gwen Lewis. prompted several other coffee shops years in enticing back a number of tion.What remains to be seen,how- “We have a lot of yuppies here.” to open nearby,providing a more re- Home Depot gets grocers. ever, is whether the borough can The new venues are a far cry from fined alternative to a cup of 65-cent Bronx go-ahead The area struggled to replace support three giant home-improve- the Plexiglas-protected liquor stores bodega joe. Grand Union Co. and C-Town Su- ment stores. and dingy takeout kitchens that “An adult and a child can sit in a a year after the city gave the permarkets after they closed nearly —hilary potkewitz

30 | Crain’s New York Business | February 5, 2007 © 2006 FedEx.© 2006

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Secy. of State designated as agent of Org. filed with NY Dept. of State on COMPLETE Membership Certificate, Preliminary ADVISORS, LLC, a domestic Limited 1/16/07. Office location: NY County. Secy. CALL FOR FREE Name Search, Attorney’s Fee March 5 Liability Company (LLC). Articles of of LLC upon whom process against it may be INFORMATION www.amerilawyer®.com served. Secy. of State shall mail process to: of State designated as agent of LLC upon PACKET Organization filed with Secretary of State on whom process against it may be served. NEW YORK LLC (212) 962-1000 (516) 338-9100 Education Corporation Service Co., 80 State St., Albany, 95 NEW YORK CITY LONG ISLAND 11/17/06. NY Office location: NEW YORK Secy. of State shall mail process to: c/o $234 Spiegel & Utrera, P.A., P.C. NY 12207. Purpose: any lawful activity. COMPLETE 45 John St., Suite 711; NYC © L. Spiegel County. Secretary of State is designated as Wharton Realty, 20 E. 46th St., Ste. 1200, agent upon whom process against the LLC NY, NY 10017, principal business address Notice of Formation of 345 7th Avenue, LEGAL SERVICES may be served. Secretary of State shall of the LLC. Purpose: any lawful activity. mail a copy of any process against the LLC LLC. Arts. of Org. filed with Secy. of State served upon him/her to C/O THE LLC, 105 of NY (SSNY) on 12/21/2006. Office Notice of Qualification of GS Special MADISON AVENUE, NEW YORK, NY 10016. location: New York County. SSNY designated JULES MARTIN HAAS, ESQ. Opportunities 2006 Advisors, L.L.C. Authority Purpose: To engage in any lawful act or activity. as agent of LLC upon whom process Providing Legal Services to Businesses and Individuals for Over 20 Years against it may be served. SSNY shall mail filed with Secy. of State of N.Y. (SSNY) on throughout the New York Metro Area. 1/4/07. Office location: NY County. LLC Notice of formation of ISNYC Holdings, LLC. process to: The Company, c/o Vince Terranova, formed in Delaware (DE) on 10/13/06. SSNY Wills • Planning • Probate • Real Estate • Co-Ops • Condos • Leases Art. Of Org. filed with Secy. Of State of NY Bernstein Real Estate, 855 Avenue of the designated as agent of LLC upon whom Business Formation/ Transactions (SSNY) on 11/14/06. Office Location: New Americas, New York, NY 10001. Purpose: process against it may be served. SSNY shall 845 Third Avenue, Suite1400, New York, NY 10022 York County. SSNY designated as agent of the any lawful activities. mail process to principal business location: Tel: (212) 355-2575 Fax: (212) 751-5911 E-mail: [email protected] LLC upon whom process against it may be c/o Goldman Sachs Special Opportunities served. SSNY shall mail a copy of any process Notice of Formation of 750 Argyle Street Fund 2006, L.P., 32 Old Slip, NY, NY 10005. to: c/o Helmsley-Spear, Inc. 60 East 42nd St., LLC. Arts. of Org. filed with Secy. of State of REAL ESTATE INSURANCE DE address of LLC: Corporation Service Ste 5300, New York, NY 10165, Purpose: To NY (SSNY) on 10/19/2006. Office location: Company, 2711 Centerville Road, Ste. 400, engage in any lawful act or activity. NY County. SSNY designated as agent of KINGSBROOK/ARONSON INSURANCE LLC upon whom process against it may be Wilmington, DE 19808. Cert. of Form. filed NOTICE OF FORMATION of Abacus Advisors, served. SSNY shall mail process to: the with DE Secy. of State, 401 Federal St., Ste. 4, The #1 Insurance Source For All Real Estate LLC. Arts. of Org. filed with NY Secretary of LLC, 325 W. 11th St, NY, NY 10014. Dover, DE 19901. Purpose: any lawful activity. State (SSNY) on 11/21/2006. Date of Purpose: any lawful activities. Best Programs & Lowest Premiums formation: 10/1/06. Office location: New York Notice of Qualification of Strategic Value Credit David J. Matalon • 212-513-1600 • 212-233-3950 (fax) County. Principal bus. location: c/o Wendy Notice of Formation of 300 West 22 Realty Opportunities Fund, L.P. Authority filed with Touton, 575 Madison Avenue, Suite 1006, NY, LLC. Arts. of Org. filed with Secy. of State Secy. of State of N.Y. (SSNY) on 11/18/03. [email protected] NY 10022. SSNY designated as agent of of NY (SSNY) on 11/07/06. Office location: Office location: NY County. LP formed in LLC upon whom process against it may be NY Co. SSNY designated as agent of LLC Delaware (DE) on 10/9/03. SSNY designated served. SSNY shall mail copy of process to upon whom process against it may be served. as agent of LP upon whom process against it Wendy Ann Touton, 575 Madison Avenue, SSNY shall mail process to: The LLC, 433 may be served. SSNY shall mail process to: REAL ESTATE Suite 1006, NY, NY 10022. Purpose: All West 14th St., Ste 429 3R, NY, NY 10014. The LP, 375 Park Avenue, 29th Fl., NY, NY lawful purposes. Purpose: any lawful activities. 10152. DE address of LP: 1209 Orange St., Wilmington, DE. Name/address of each genl. ptr. available from SSNY. Cert. of LP filed with OFFICE SPACE NOTICE OF QUALIFICATION OF Digital Notice of Formation of Craddock & Company Commerce Agency, LLC Authority filed with DE Secy. of State, Townsend Bldg., Dover, DE LLC. Arts. of Org. filed with Secy. of State of 19901. Purpose: any lawful activity. the Secretary of State of New York (SSNY) NY (SSNY) on 11/16/06. Office location: NY on 12/07/06. Office Location: New York Co. SSNY designated as agent of LLC upon EXECUTIVE OFFICE SUITES County. LLC formed in Delaware on whom process against it may be served. DUB SONATA MUSIC L.L.C. Articles of Org. 05/04/06 SSNY has been designated as SSNY shall mail process to: c/o Christopher filed NY Sec. of State (SSNY) 12/6/06. Office agent of LLC upon whom process against Craddock, Manager, 235 East 40th St, Apt. 5J, in NY Co. SSNY desig. agent of LLC upon 212.573.0909 it may be served. Address to which SSNY NY, NY 10016. Purpose: any lawful activities. whom process may be served. SSNY shall shall mail process against the LLC is C/O mail copy of process to 2621 Palisade Ave., the LLC: Corporation Service Co., 80 State Notice of Qualification of Gemini 449 West #3B, Riverdale, NY 10463, which is also the FurnishedOfficesNYC.com Street, Albany, NY, 12207. Principal address of the registered agent, Christopher Business Address of LLC 33 W19th St., 36th Street 9, LLC. Authority filed with Secy. of State of NY (SSNY) on 11/28/06. Office Markisz upon whom process against the LLC LONG ISLAND CITY OFFICE SPACE 4th floor, N.Y., N.Y. 10011. Purpose of LLC: may be made. Purpose: Any lawful purpose. any lawful activity. location: NY County. LLC formed in Delaware (DE) on 11/17/06. SSNY designated as agent Latest dissolve date: 12/31/2105. MIDTOWN COMMERCIAL Notice of Formation of Far West Village of LLC upon whom process against it may REAL ESTATE Partners, LLC. Arts. of Org. filed with NY Dept. be served. SSNY shall mail process to: c/o 516 E. 6TH STREET, LLC Articles of Org. For All office & loft SPACES of State on 12/11/06. Office location: NY Corporation Service Company, 80 State St., filed NY Sec. of State (SSNY) 10/13/2006. 500-50,000 SF County. Principal business address: 11 W. 10th Albany, NY 12207-2543, also registered Office in New York Co. SSNY desig. agent agent. Address required to be maintained in of LLC upon whom process may be served. UNDER MARKET SUBLETS-NO FEE! St., NY, NY 10011. Secy. of State designated as DE: c/o Corporation Service Company, 2711 SSNY shall mail copy of process to 270 Search our listings @ www.midcomre.com agent of LLC upon whom process against it may be served. Secy. of State shall mail Centerville Rd, Ste 400, Wilmington, DE Lafayette Street, New York, N.Y. 10012. Call Paul 212 947-5500 x 100 process to: Stuart Berg, Kurzman Eisenberg 19808. Arts. of Org. filed with DE Secy. Of Purpose: Any lawful purpose. Corbin & Lever, LLP, 1 N. Broadway, White State, 401 Federal St., Ste 4., Dover, DE 19901. Plains, NY 10601. Purpose: any lawful activity. Purpose: any lawful activities. NOTICE OF FORMATION OF TORU LLC Art of org. filed with Sec. of State of NY PUBLIC & LEGAL Notice of Qualification of Dodona I, LLC. Notice of Qualification of Sempra Energy (SSNY) on 12/22/06. Office loc.: NY County. Authority filed with NY Dept. of State on Solutions, LLC. Authority filed with Secy. of SSNY designated as agent of LLC upon whom NOTICES 12/28/06. Office location: NY County. LLC State of NY (SSNY) on 1/02/07. Office process against it may be served. SSNY shall formed in Delaware (DE) on 10/25/06. Secy. of location: NY County. LLC formed in California mail process to: 201 E. 79th St. 18-h, NY, NY State designated as agent of LLC upon whom (CA) on 10/31/06. SSNY designated as agent 10021. Purpose: Any lawful activity. Notice of application for license for on-premises process against it may be served. Secy. of of LLC upon whom process against it may be consumption of alcoholic beverages by: JOS State shall mail process to: The LLC, 1370 served. SSNY shall mail process to: c/o Concept, LLC, using the trade name of B. Café. Ave. of the Americas, 20th Fl., NY, NY 10019, National Registered Agents, Inc., 875 Ave of Notice of Formation of Cape Equities, LLC; Advertise on Notice is hereby given that a license, number Attn: Alan Brody. DE address of LLC: c/o the Americas, Ste 501, NY, NY 10001. Arts of Org., filed with NY Sec. of State www.newyorkbusiness.com 1182271, for beer, liquor and wine has been Corporation Service Co., 2711 Centerville Rd., Address required to be maintained in CA: 101 (“SSNY”) 12/14/2006. Office in NY County; applied for by the above company to sell at retail Ste. 400, Wilmington, DE 19808. Cert. of Ash St., San Diego, CA 92101. Arts. of Org. SSNY designated agent for service of process in a restaurant under the Alcoholic Beverage with copy mailed to c/o Cape Advisors, Inc., Call John Gallagher Control Law at 240 East 75th Street, New York, Form. filed with DE Secy. of State, 401 Federal filed with CA Secy. Of State, 1500 11th St., New York 10021, in New York County, for St., Dover, DE 19901. Purpose: any lawful 3rd Fl, Sacramento, CA 95814 . Purpose: 150 Lafayette Street, 9th Floor, New York, NY @ 212-210-0189 on-premises consumption. activity. any lawful activities. 10013, All lawful business purposes.

32 | Crain’s New York Business | February 5, 2007 THE WEEKS AHEAD

THIS WEEK’S EVENTS estate. 12:00 p.m. to 2:00 p.m., Cornell [email protected]. FEBRUARY 14 FEBRUARY 14 FEBRUARY 6 Club, 6 E. 44th St., Ivy Room. Fee: $55 FEBRUARY 13 Japan Society and Epstein Becker & New York Society of Security Analysts U.S. Department of Commerce and in advance, $65 at door. (212) 885-7239 Action Coach holds lunch program on Green hold breakfast program on holds course on credit analysis. 1:00 p.m. Baker & McKenzie hold seminar on free or [email protected]. resolutions for stronger, more successful, corporate social responsibility. 8:00 a.m. to 4:30 p.m., 1177 Sixth Ave., second trade agreements. 8:30 a.m. to 10:00 FEBRUARY 8 more profitable businesses. 12:30 p.m. to to 10:00 a.m., 333 E. 47th St. Free. floor. Fee: $215 members, $275 a.m., 1114 Sixth Ave., fourth-floor Networking for Professionals holds 2:00 p.m., Crema Restaurante, 111 W. (212) 715-1247 or nonmembers. (212) 541-3405. conference center. Fee: $75. networking reception. 6:30 p.m. to 8:30 17th St. Free. (646) 862-1710 or [email protected]. FEBRUARY 14 (212) 809-2685 or p.m., Techspace, 41 E. 11th St., 10th [email protected]. FEBRUARY 14 New York City Bar holds course for [email protected]. floor. Fee: $25 members and $35 FEBRUARY 13 Brooklyn Business Base holds breakfast legal writers on the mechanics of getting FEBRUARY 6 nonmembers in advance; $40 at door Camba Small Business Services holds program on preparing your business for published. 9:00 a.m. to 11:00 a.m., 42 Magazine Publishers of America holds for all. (718) 625-1369 or workshop on tax preparation for small 2007. 7:45 a.m. to 9:15 a.m., Brooklyn W. 44th St. Fee: $175 members, $285 forum on the presence of magazines on [email protected]. businesses. 6:00 p.m. to 8:30 p.m., 884 Economic Development Corp., 175 nonmembers. (212) 382-6663. the Internet. 8:30 a.m. to 10:30 a.m., FEBRUARY 11 Flatbush Ave., second floor, Brooklyn. Remsen St., suite 350, Brooklyn. Fee: $5 —adrianne pasquarelli 810 Seventh Ave., 24th floor. Fee: $125 Blue Pixel holds seminar on digital Free. (718) 282-2500, ext. 242, or in advance, $10 at door. (516) 538-4280 members, $225 nonmembers. workflow. 9:00 a.m. to 4:30 p.m., New [email protected]. or [email protected]. (212) 872-3733 or [email protected]. York’s Hotel Pennsylvania, 401 Seventh FEBRUARY 14 FEBRUARY 14 TO LIST YOUR EVENT FEBRUARY 7 Ave. Fee: $99.99. (410) 263-2880. Crain’s New York Business holds New York: Media Information Exchange Crain’s lists meetings online and includes them in the B’nai B’rith Real Estate Unit holds networking breakfast and program with Group holds breakfast program with print edition as space permits. NYC events with fees lunch program on reinventing real FEBRUARY 12-18 Amanda Burden, chair of the City Jack Myers of Myers Publishing. 7:30 under $300 are considered for the print publication. FEBRUARY 13 Planning Commission. 8:00 a.m. to 9:30 a.m. to 10:00 a.m., SobelMedia World Listings can be submitted only through the Crain’s More meetings online at Amex Open and MicroOffice hold a.m., Sheraton New York, 811 Seventh Headquarters, 4 W. 43rd St., main Web site. Go to www.newyorkbusiness.com and www.newyorkbusiness.com networking reception. 6:00 p.m. to 8:00 Ave. Fee: $60 if preregistered by Feb. 7; ballroom. Fee: $35 members, $50 click on “Events.” Sponsors have a choice of sever- Click on “Events” p.m., Roger Smith Hotel, 501 Lexington $70 thereafter. (212) 210-0739 or nonmembers. (516) 750-9610 or al free or paid listing options. All business events Ave. Fee: $15. (212) 473-7805 or www.newyorkbusiness.com. [email protected]. will be posted online within two business days.

PUBLIC & LEGAL NOTICES LUXURY PROPERTIES

Notice of Formation of CCD Modeling, LLC, Notice of Formation of Big Blocks Asset NOTICE OF FORMATION OF LIMITED SOUTHAMPTON Art. of Org. filed Sec'y of State (SSNY) Management, LLC, a domestic Limited LIABILITY COMPANY. NAME: CELEBRITY 10/31/06. Office location: NY County. SSNY Liability Company. Arts. of Org. filed with EVERYTHING,LLC. Articles of Organization designated as agent of LLC upon whom the SSNY on 10/11/06. Office location: New were filed with the Secretary of State of New process against it may be served. SSNY shall York County. SSNY has been designated as York (SSNY) on 01/04/07. Office location: mail copy of process to c/o Shukat Arrow agent upon whom process against the LLC New York County. SSNY has been designated Hafer Weber & Herbsman, LLP, Attn: Peter S. may be served. SSNY shall mail a copy of as agent of the LLC upon whom process Shukat, Esq., 111 West 57th St., Ste. 1120, process to: the LLC, 14 Wall St.,12th Floor, against it may be served. SSNY shall mail a NY, NY 10019. Purpose: any lawful activities. New York, NY 10005. Purpose: Any Lawful copy of process to the LLC, 208 East 51st Purpose. Latest date upon which LLC is to Street, Suite 255, New York, New York dissolve: No Specific Date. Notice of formation of Limited Liability 10022. Purpose: For any lawful purpose. Company (LLC) Name: TRINITY DIAMONDS, NOTICE OF FORMATION OF THE FASHION LLC. Articles of Organization filed with the Notice of Formation of 1405 FIFTH AVENUE EXCHANGE, LLC. ART. OF ORG. FILED Secretary of State of New York (SSNY) on APARTMENTS, LLC, a domestic Limited WITH THE SEC. OF STATE OF NY (SSNY) 10/10/06. NY Office location: New York Liability Company (LLC). Articles of ON 11/02/06. OFFICE LOCATION: NEW County. SSNY has been designated as agent Organization filed with Secretary of State on YORK COUNTY. SSNY DESIGNATED AS of the LLC upon whom process against it 12/18/06. NY Office location: KINGS County. AGENT OF THE LLC UPON WHOM may be served. The Post Office address to Secretary of State is designated as agent PROCESS AGAINST IT MAY BE SERVED. which the SSNY shall mail a copy of any upon whom process against the LLC may SSNY SHALL MAIL COPY OF PROCESS TO: process against the LLC served upon be served. Secretary of State shall mail a THE LLC, 1407 BROADWAY SUITE 1706, him/her is: C/O the LLC, 25 Tudor copy of any process against the LLC served NY, NY 10018. PURPOSE: ANY LAWFUL City Place, Suite 812, New York, NY 10017. upon him/her to: THE LLC, 91 CONKLIN ACTIVITIES. Purpose of business of the LLC is any AVE., BROOKLYN, NY 11236. Purpose: To lawful act or activity. engage in any lawful act or activity. Notice of Qualification of Tokum Partners, LP, App. for Auth. filed Sec'y of State (SSNY) PEARLMARK MEDIA LLC Articles of Org. Notice of Qualification of Barrington Land 11/15/06. Office location: NY County. LP org. Services, LLC. Authority filed with Secy. of filed NY Sec. of State (SSNY) 12-13-05. in DE 11/14/06 SSNY designated as agent of Office in New York Co. SSNY desig. agent of State of N.Y. (SSNY) on 1/9/07. Office location: LP upon whom process against it may be NY County. LLC formed in New Jersey (NJ) LLC upon whom process may be served. SSNY served. SSNY shall mail copy of process to shall mail copy of process to 184 Lexington on 1/3/07. SSNY designated as agent of 900 Third Ave., Ste. 1102, NY, NY 10022, LLC upon whom process against it may be Avenue, Suite 10C, New York, NY 10016. Attn: Lauren Chung. DE office addr.: CSC, Purpose: Any lawful purpose. served. SSNY shall mail process to: 276 2711 Centerville Rd., Wilmington, DE 19808. Fifth Avenue, 6th Fl., NY, NY 10001. DE Cert. of LP on file: SSDE, Townsend Bldg., address of LLC: c/o Alan Rosenbaum, 70 Notice of Formation of MCCANN, GOODWIN Dover, DE 19901. Name/addr. of each gen. ptr. Grand Avenue, Ste. 101B, River Edge, NJ LLC. Arts. of Org. filed with Secy. of State avail. at SSNY. Purpose: any lawful activities. 07661. Cert. of Form. filed with NJ Dept. of of N.Y. (SSNY) on 11/29/06. Office location: State, P.O. Box 308, Trenton, NJ 07625. NY County. SSNY designated as agent of Notice of Qualification of Fifth Associates, Purpose: any lawful activity. LLC upon whom process against it may be L.L.C. Authority filed with NY Dept. of State served. SSNY shall mail process to: The on 1/5/07. Office location: NY County. LLC LLC, 630 Fifth Avenue, Ste. 1401, NY, NY formed in Delaware (DE) on 12/28/06. Secy. LEGAL NOTICE 10111, Attn: Joseph H. McCann, III. of State designated as agent of LLC upon Purpose: any lawful activity. whom process against it may be served. NOTICE OF SALE Secy. of State shall mail process to: c/o SUPREME COURT: COUNTY OF BRONX - Brian Kempner, Kushner Companies, 18 AMERIQUEST MORTGAGE COMPANY, Notice of Formation of 240 West Broadway Columbia Tpke., Florham Park, NJ 07932, Plaintiff, AGAINST JENNIFER SIMPKINS, LLC. Arts of Org filed with Secy of State of principal business address of the LLC. DE ET. AL., Defendant(s). Pursuant to a NY (SSNY) on 08/16/06. Office location: address of LLC: c/o Corporation Service Co., judgment of foreclosure and sale duly dated New York County. SSNY designated as 2711 Centerville Rd., Ste. 400, Wilmington, 12/7/2006, I, the undersigned Referee will agent of LLC, upon whom process against DE 19808. Arts. of Org. filed with DE Secy. it may be served. SSNY shall mail process sell at public auction at the Bronx County of State, Federal & Loockerman St., Dover, Courthouse, Room B-129, 851 Grand to: Peter Moore Associates, Attn: DE 19901. Purpose: any lawful activity. Jonathan Morse, 515 Canal Street, New Concourse, Bronx, New York, on 2/28/2007 York, NY 10013. Purpose: Real at 2:00 PM, premises known as 3575 Estate Investment. Notice of Qualification of 666 Fifth Associates Paulding Avenue, Bronx, NY 10467. All that LLC. Authority filed with NY Dept. of State certain plot piece or parcel of land, with the on 1/5/07. Office location: NY County. LLC buildings and improvements thereon erected, Notice of Qualification of Paige Opportunity formed in Delaware (DE) on 12/26/06. Secy. Partners, LP, App. for Auth. filed Sec'y of State situate, lying and being in the New York MIAMI BEACH/FLORIDA of State designated as agent of LLC upon City, Borough of Bronx, County of Bronx (SSNY) 10/23/06. Office location: NY County. whom process against it may be served. and State of New York, Section, Block and To place your classified LP org. in DE 10/20/06. SSNY designated as Secy. of State shall mail process to: c/o agent of LP upon whom process against it may Brian Kempner, Kushner Companies, 18 Lot:-4683-30. Approximate amount of TRUMP OCEANFRONT CONDOS be served. SSNY shall mail copy of process to Columbia Tpke., Florham Park, NJ 07932, judgment $331,975.61 plus interest and OWN YOUR LUXURY CONDO TODAY! 630 Third Ave., 6th Fl., NY, NY 10017, Attn: principal business address of the LLC. DE costs. Premises will be sold subject to ad call John Gallagher TRUMP GRANDE & TRUMP TOWERS Michele Paige. DE office addr.: CSC, 2711 address of LLC: c/o Corporation Service Co., provisions of filed Judgment Index Buy directly from the Developer & Save $$ Centerville Rd., Wilmington, DE 19808. Cert. of 2711 Centerville Rd., Ste. 400, Wilmington, #22082/04. Lorraine Corsa, Esq., Referee, Furnished Condo Hotel units from $325k LP on file: SSDE, Townsend Bldg., Dover, DE DE 19808. Arts. of Org. filed with DE Secy. STEVEN J. BAUM, P.C., Attorney for Plaintiff @ 212-210-0189 1-4 Bedrm Residential Condos from $875k 19901. Name/addr. of each gen. ptr. avail. at of State, Federal & Loockerman St., Dover, P.O. Box 1291, Buffalo, NY 14240-1291 Ask for details on our FLY-BUY Program SSNY. Purpose: any lawful activities. DE 19901. Purpose: any lawful activity. Dated: 1/23/2007 Call Exclusively Baronoff 305.213.3606

February 5, 2007 | Crain’s New York Business | 33

BUSINESS “Right now, I’m doing a lot of homework to get ready for this season.” —Lee Mazzilli, SportsNet NY Page 37 buck ennis

GOTHAM GIGS Make me a match JANIS SPINDEL, 50, is a matchmaker who says her fee starts at $25,000.Though she offers no guarantee of a wedding, she claims responsibility for 760 marriages, all of which she assumes are still intact. “If they were divorced, I would be the first phone call,” she says. MEN’S CLUB After hooking up 14 couples for fun, she founded Janis Spindel Serious Matchmaking Inc. in 1993. She initially accepted both male and female clients, but now works only for men. The women, she says, were “needy, annoying and high- maintenance.” LOVE HUNTER To add to her client base and roster of potential partners, Ms. Spindel regularly approaches people she considers attractive. She has pursued men and women on subway platforms and in supermarkets and restaurants. “It’s almost like they’re wearing a sign, ‘I’m rich, I’m good-looking and I need you,’ ” she says. WORKING IT OUT She met her husband at the gym 25 years ago. He noticed her first and told a friend that he was destined to marry her. —adrianne pasquarelli Cupid talks shop EXPERT OPINIONS IS MY PARTNER A guys’ guide to Valentine’s Day gifts CHEATING ON ME? there’s no surefire way to catch a cheater, but your partner’s body language can be

telling. Changes in tone of istockphoto voice or THE STATS flushed BY ELISABETH BUTLER cheeks can Valentine’s Day be a sign he onsider this a wake-up call. Valentine’s Day is spending is or she is expected to top trying to quickly approaching, and any man who doesn’t want to hide $16.9 billion something. sleep on the couch that night might want to put down the this year, with Things like crossed arms or remote control and start shopping. the average hands in pockets while Yes,Valentine’s Day is a “Hallmark holiday,” and many shopper speaking can suggest a shelling out guarded individual. But a shoppers are sick of all the pink-and-white junk stacked practiced cheater will deviate from normal liar behavior. in every store window. But even the most jaded New York —charley wininger Psychotherapist businesswoman melts a little when the mail room calls to and dating coach announce a Valentine’s Day See CUPID TALKS SHOP on Page 36 $120Source: The National Retail Federation istockphoto C February 5, 2007 | Crain’s New York Business | 35 BUSINESS LIVES

ous suitable designs, including a lace ($160) for the fall season, and Cotton Club camisole ($1,200) and the piece is perfect for a funky Cupid talks shop: a gift guide matching thong ($125) featuring Valentine. Hanging on gold and black lace, pink satin and intricate gunmetal chains, the handcrafted Continued from Page 35 Valentine’s bouquet, but it’s got an beading. Rebecca Apsan, the store’s pendant has a red-and-black plaid delivery, and no one wants to be the air of romance to it,” Mr. Hayder founder and the author of The Lin- background and features tiny gold only girlfriend or wife who didn’t says. 44 E. 11th St.; www.antony gerie Handbook,recommends the out- studs around the edge. 465 Broome get anything. todd.com St.; www.alexisbittar.com Given all the shopping options in New York City,there is really no ex- ❤ BARGAIN cuse to come home empty-handed. everyone knows that on Valen- Cards Below, Crain’s offers some sugges- tine’s Day,bodegas suddenly charge ❤ EXTRAVAGANT tions—ranging from inexpensive $75 for a dozen roses that would mrs. john l. strong, a stationery choices to extravagant gifts,plus the cost $12 any other time. Instead of house known for luxury,has repack- very latest amorous fare—to help forking over the big bucks, go to the aged its “I only have eyes for you” men avoid last-minute panic. BELLE EPOQUE: MarieBelle’s fine chocolates. Chelsea Wholesale Flower Market. design—formerly sold in a boxed Manager Philip Vellucci says the set—as an individual card ($17.50) flowers at his shop will suit any this year. The text appears in the Chocolates Broome St.; www.mariebelle.com budget. The low end starts with a style of an eye doctor’s chart. 699 ❤ NEW sweet little clutch of three den- Madison Ave.;www.mrsstrong.com the new york outpost of Parisian ❤ BARGAIN drobium orchids wrapped in paper chocolatier Chocolat Michel Clui- the m&m’s world store at Times for a mere $2.50. 75 Ninth Ave.; ❤ BARGAIN zel, which opened in ABC Carpet Square offers a Valentine’s Day www.chelseaflowersny.com e-cards have become the easy way & Home last year, offers a striking mix of red, white and pink candies. out for computer-savvy procrasti- Heart Jewel Box for $55.The bare- Buy a pound ($9) and pour it into ❤ NEW nators, but Prezzle has designed a ly pink stained-glass box comes a clear cookie jar ($10 at Bed Bath for a sleek, modern take on the program that adds a little fun to on- with 10 bonbons, including pra- & Beyond) to give your sweetie traditional rose bouquet, check out SWEET NOTHINGS: Classy Cotton Club duds. line cards. Shoppers can go to the line, caramel and chocolate ga- days of melt-in-her-mouth treats. Flowers of the World’s Box of Love site, pick out a $1 virtual gift box, nache varieties, among others. 1600 Broadway;www.mymms.com/ ($225 to $275)—a black lacquered pop in a gift certificate for iTunes, 888Broadway;www.chocolatmichel merchandise box that flips open to reveal small- fit because it is slinky, yet demure. Amazon.com or Sephora ($10 to cluizel-na.com headed Black Beauty roses.FOTW “When you show a hint of lace, $100),and then send the package on also offers brighter arrangements that’s sexy,” she says. 51 University its way with a personal message. ❤ EXTRAVAGANT Flowers Place; www.thelittleflirt.com In a pinch, last-minute romantics shopping for a true chocoholic? ❤ EXTRAVAGANT will save more face with this option Try MarieBelle New York’s big- antony todd, renowned florist to than with a cutesy Hallmark.com gest Valentine: a leather steamer the social elite, doesn’t fill many Jewelry card. www.prezzle.com trunk decorated in the com- Valentine’s Day orders. However, ❤ BARGAIN pany’s signature blue and brown his company’s floral director, Iqbal mel krumholtz, president of ❤ NEW colors and filled to the brim with Hayder, says he will gladly produce Wedding Ring Originals, has been kate’s paperie has taken another luscious treats, for $15,000. The romantic bouquets for customers helping budget-conscious couples step into the do-it-yourself market eight-drawer trunk comes with who want to go over the top in the pick out wedding bands for nearly for Valentine’s Day. The company 400 pieces of chocolate, 4 pounds name of love. A bouquet spilling three decades.Now he’s introducing just brought in an Australian line of bark, tins of hot chocolate in as- over with purple lilacs, tied with a line of mixed-metal jewelry for the of paper, called Annie P., that in- sorted flavors and two full place Swiss double-faced satin, sells for thrifty for Valentine’s Day.The col- cludes the card stock and vellum settings of MarieBelle’s china. 484 about $1,000. “It’s not a traditional lection, which uses yellow gold and needed to create one-of-a-kind THINK INSIDE THE BOX: The latest from FOTW. sterling silver, includes earrings, bracelets and necklaces ($50 to $150). RSM McGladrey is the official accounting, Couples who’ve bought wedding tax and business consulting firm of the PGA. using either one color or one species bands at the store get a 20% discount of flower. The store gets slammed on non-wedding jewelry. 674 Lex- on Valentine’s Day, but shoppers ington Ave.;www.weddingrings.com HELPING YOU DRIVE RESULTS can usually pick up last-minute or- ders if necessary. 150 W. 55th St.; ❤ EXTRAVAGANT Success in business and in golf requires many of www.flowersoftheworld.com what price the sparkle in a lover’s the same attributes – a drive to achieve, power, eye? About $100,000 covers it with accuracy, endurance, focus and much more. PGA Lingerie the Wrapped Heart pendant from Tour player Zach Johnson, a member of Team Verdura. The company’s Fifth Av- ❤ RSM McGladrey, exemplifies these qualities. NEW enue showroom stocks the tradi- british lingerie specialistAgent tional design ($97,000), which fea- CARD SHARP: Kate’s exclusive DIY papers. Team RSM McGladrey golfers are moving up the Provocateur is carrying new styles tures rubies, diamonds, platinum ranks – much like our clients in New York and for Valentine’s Day.The SoHo store and gold. Customers can also order throughout the country. Our clients rely on appeals to a range of tastes, offer- a semiprecious version,with peridot cards. The paper costs $1.70 per us for the accounting, tax and business ing a pink garter belt ($85) and or pink tourmaline instead of ru- sheet. Annie P.is exclusive to Kate’s matching bra ($120) for the girlie bies, for about $15,000. 745 Fifth in the United States.561 Broadway; consulting services that help them avoid girls and a black cutout bra ($100) Ave.; www.verdura.com www.katespaperie.com the traps and make the green. for the wilder ones. 133 Mercer St.; RSM McGladrey is one of the fastest- www.agentprovocateur.com COMMENTS? [email protected] growing professional service firms in the ❤ BARGAIN New York region. For more information lovely lingerie doesn’t have to DAILY DOUBLE about RSM McGladrey (and the audit break the bank. Linda’s Bra Salon Women are firms with which it has a professional stocks a selection of reasonably services relationship*), contact priced underthings, such as the expected to spend Elle Macpherson Intimates line, an average of $85 Don Lipari Steven Mayer which includes a bra and panty set for Valentine’s Day. Managing Director Managing Director for less than $70. All of the sales- 750 Third Avenue 1185 Ave. of the Americas women are trained to properly fit Men are expected New York, NY 10017 New York, NY 10036 bras, but since many men will Tel 212.297.4817 Tel 212.372.1261 to spend $156. be shopping secretly for their hon- [email protected] [email protected] eys, it’s best if they do a little 63% of consumers snooping in advance to find out the DIAMONDS, IN SPADES: The Wrapped Heart. appropriate size. 828 Lexington are planning to Ave.; www.lindasonline.com celebrate the *In New York, RSM McGladrey maintains a professional services ❤ NEW relationship with Goldstein Golub Kessler LLP and McGladrey & holiday. Pullen LLP. Though separate legal entities, they can work ❤ EXTRAVAGANT the key to someone’s heart is together to serve clients’ needs. RSM McGladrey Inc. and Source: The National Retail Federation McGladrey & Pullen LLP are member firms of RSM International, why not stage a little couture sitting inside a jewelry case in Alex- an affiliation of independent accounting and consulting firms. show for two in the bedroom this is Bittar’s SoHo shop.The designer year? La Petite Coquette sells vari- created a heart-shaped Lucite neck-

36 | Crain’s New York Business | February 5, 2007 BUSINESS LIVES CORPORATE LADDER Lee Mazzilli Heart in the dugout SportsNet New York’s booth full-time with Gary Cohen and Keith Hernandez. PERSONNEL FILE studio analyst wants The newcomer takes the job se- riously, of course. COMPANY SportsNet New York to do well, then get “I’m doing a lot of homework to TITLE Lead studio analyst get ready,” says Mr. Mazzilli, who back into a uniform was most recently the Yankees’bench AGE 51 coach. “I’ve been away from the Na- RÉSUMÉ Involved in the major BY AARON ELSTEIN tional League for a while.” leagues almost without interruption as a player, coach Visibility etting a gig as an or manager since 1976 announcer on a hot he has the chops to make it in cable sports network front of the camera, having helped PERSONALITY TYPE Homebody would seem like a call games for CBS Radio’s Game of BIRTHPLACE dream to many former the Week when his playing days end- Sheepshead Bay, Brooklyn Gathletes, but not to Lee Mazzilli. ed in 1989. In addition, his wife, a The one-time Mets All-Star former host of PM Magazine,is outfielder was recently tapped to coaching him. er him for a managing or coaching serve as lead studio analyst for games The gig has some drawbacks. position. on the Mets’ year-old cable channel, The starting salary is low compared As studio analyst, he will critique

SportsNet New York. Thing is, he’s with the estimated $500,000 Mr. what happens on the field rather gettyimages not ready to leave the dugout for Mazzilli earned in 2005 as manager than having to comment about go- good. of the Baltimore Orioles.Television ings-on off the diamond. Gowdy Jr. says that Mr. Mazzilli the go-ahead to say whatever’s on “I’d like to manage again,” he executives say the going rate for stu- He could offer unmatched anal- will offer “insightful, contemporary his mind,and he promises to be can- says. dio work is $500 a game and esti- ysis of how Mets manager Willie analysis.” did with viewers. After more than 30 years as a mate that he will earn no more than Randolph operates, as they worked In the meantime, the Brooklyn baseball player, coach and manager, $100,000 for this season’s work. together for years on Joe Torre’s Stepping up to the mike native is adjusting to life off the Mr. Mazzilli is accustomed to hav- Mr. Mazzilli, who declined to staff. And he knows more than any- given his desire to get back into field.Mr.Mazzilli says that he looks ing his moves on the field dissected, discuss compensation and has a one else with a microphone about the game, however, some wonder forward to catching up on all the inspected and rejected by an ever- one-year contract with SNY, says many players,including John Maine, just how insightful Mr.Mazzilli will things he missed over his many sea- growing chorus of fans and com- money isn’t the issue. The Yankees a key starting pitcher for the Mets allow himself to be. Former players sons in a uniform, like spending mentators. failed to renew his contract last this year whom Mr. Mazzilli man- and managers who are job-hunting more summer afternoons with his Now it’s his turn to join the chat- year, going instead with Don Mat- aged in Baltimore. often shy away from being outspo- family and watching his kids play tering classes on pre- and post-game tingly. Mr. Mazzilli hopes that the He can also point out subtleties ken on the air, for fear of offending high school sports. shows in the studio. He replaces visibility he gets from his TV work that may elude casual fans. a potential employer. Ron Darling, who will move to the will prompt other teams to consid- SNY executive producer Curt But Mr. Mazzilli has been given COMMENTS? [email protected]

EXECUTIVE MOVES

ACCOUNTING & CONSULTING stein Kass. Smith Hampton. partner at Solomon Weinberg. marketing from vice president, AlixPartners: Holly Felder Etlin, 49, UHY Advisors: Bob Springate, 64, joined Bennet Deutsch, 51, joined as promotions and marketing. joined as managing director. She had as principal. He had been a senior FINANCE & INSURANCE shareholder. He had been a partner at been chief restructuring officer and manager at Deloitte Financial Advisory Capital Tempfunds: Barry Karen,59,was Solomon Weinberg. REAL ESTATE acting chief executive at Tanner & Services. named senior vice president of business Nicole Fenton, 38, joined as shareholder. Equis Corp.: Jordan S. Mandel, 28, joined Haley. development for the Northeast. He had She had been a senior associate at as vice president. He had been associate Marcum & Kliegman: Maury Cartine, ARCHITECTURE & DESIGN been new-business development officer Solomon Weinberg. director at CB Richard Ellis. 58, joined as partner in charge, tax YOO: Chris Boulton, 43, was named chief at IDB Bank. Quinn Emanuel Urquhart Oliver & Hedges: Hudson Realty Capital: Karim department. He was previously a executive, a new position. He was T-Zero: George Harrington, 34, joined as Susheel Kirpalani, 36, joined as partner. Demirdache, 39, was promoted to vice president and principal at Roth- formerly chief executive at Lambert chief operating officer. He was formerly He had been partner at Milbank Tweed managing director from director. product manager at Thomson Hadley & McCloy. Prudential Douglas Elliman: Max Dobens, TradeWeb. Robinson & Cole: Gerald Parker Dwyer 42, was promoted to vice president and Jr., 40, was promoted to partner from associate broker from sales associate. HIGH TECH & NEW MEDIA counsel. HOT JOBS FeedRoom: Andy Goldman, 44, joined as Wiggin and Dana: Charles Platto,61, SERVICES vice president of finance. He was joined as partner. He previously ran his L-3 Communications: Ralph G. formerly a senior vice president at own firm. D’Ambrosio, 39, was promoted to chief IntraLinks. financial officer from vice president and WANTED: CHIEF FINANCIAL OFFICER [x+1]: Nancy Marzouk, 33, joined as vice MEDIA & ENTERTAINMENT principal accounting officer. president of media sales, a new position. CondéNet: Dee Salomon,46,was Major Lindsey & Africa: Jeffrey R. Liebster, COMPANY The Princeton Review She had been a senior director at promoted to senior vice president of 52, joined as managing director. He had JOB DESCRIPTION Overseeing financial and accounting processes DRIVEpm. sales and marketing from senior vice been a principal at I’m All In. president and managing director of New-York Historical Society: Laura MOST IMPORTANT TASK Managing the systems and budgets of the HOSPITALITY & TOURISM style.com, men.style.com and flip.com. Wilson Smith, 38, joined as senior vice company’s various media properties Emirates: Richard Pasciuto, 46, joined as Ebony magazine: Harriette Cole,45, president of strategic initiatives and CREDENTIALS NEEDED Proven experience as a finance executive U.S. vice president of sales. He was joined as creative director for the institutional advancement. She was formerly a vice president at Air France. Johnson Publishing Co. title. She was formerly deputy director of SALARY Former CFO made $285,493 in 2005 formerly editorial director at Uptown development at Harvard University. LAW magazine. —adrianne pasquarelli DOWNSIDE Dealing with issues connected to an ongoing internal Baker Hostetler: Patrick Hannon,53, Scholastic Corp.: Maureen O’Connell,45, accounting review and series of restatements joined as partner. He had been of was named executive vice president, counsel at Rosner Moscow & Napierala. chief administrative officer and chief UPSIDE Working for a firm that helps over half of all college-bound stu- EXECUTIVE PROMOTIONS dents research and apply to schools and prepare for higher education John W. Moscow, 58, joined as partner. financial officer. She had been chief He had been a partner at Rosner financial officer at Affinion Group Inc. Crain’s lists the promotion and hiring of New York Outgoing CFO and Executive Vice President Andrew Bonanni, who Moscow & Napierala. Turner Broadcasting System Inc.: area senior executives on a space-available basis, resigned in January, will stay on until Feb. 9. Stephen Melvin, who was Blank Rome: James V.Masella III, 40, Beth Goss, 40, joined as executive vice with priority given to positions in New York City. CFO from 1999 to September 2005, will serve as interim CFO until a joined as partner. He had been special president of Cartoon Network’s ad sales, The fastest way to get an announcement into counsel at Sullivan & Cromwell. marketing and enterprises group. She Crain’s is to submit details online by filling out the successor is named. Fulbright & Jaworski: Yvan-Claude had been executive vice president at form at www.NewYorkBusiness.com/submit. —KIRA BINDRIM Pierre, 38, was promoted to partner Universal Pictures. The Executive Moves column is also available from senior associate. Katherine Johnson, 36, was promoted to online. Greenberg Traurig: Joseph D’Angelo, 42, senior vice president of Turner Crain’s cannot confirm receipt of listings or say joined as shareholder. He had been a Entertainment promotions and when they will appear.

February 5, 2007 | Crain’s New York Business | 37 BUSINESS LIVES TABLE TALK by Bob Lape Exotic fun in the House served in a setting of hand-carved Mai House livens up Buddhas, translucent lotus flower TriBeCa with modern lights, zebrawood banquettes, sun- flower seed-layered walls and a Vietnamese food, bamboo bar with mother-of-pearl inlays. The net effect is exotic fun, wicked noise levels even if light levels atop the tables don’t permit full appreciation of the he latest starburst artfulness of the presentations. The of Drew Nieporent on restaurant’s noise level is also TriBeCa’s hospitality wickedly high.There are ways to ad- landscape is Mai dress sound issues, such as placing House, showcasing the sound-absorbent foam under the Tmultitalented chef-cum-architect tabletops, but that hasn’t been done buck ennis Michael Bao Huynh. Son of a here. Yet. ARTFUL PRESENTERS: Drew Nieporent (left) and Michael Bao Huynh of Mai House, which features the Chinese side of Vietnam’s cooking styles. Saigon architect/restaurateur father So it’s a merry and zesty party of and a cookbook author mother, people who come to savor the Chi- Michael Huynh was dubbed Bao— nese side of Vietnam’s delicate di- Or, just jump into the appetizers and pomelo is spiked with rau ram, Among noodle and rice dishes Vietnamese for “special” or “pre- vide between French and Oriental ($9 to $14). Fresh, crispy shrimp a Vietnamese herb that brings and sides, don’t miss stir-fried cious”—as a tot and has been living cooking styles, with chopsticks. rolls with hazelnut bean sauce go lemon, coriander and cilantro per- Saigon noodles with bean curd and up to it ever since. Get past the cutesy list of Mai well with liquid starters. So, too, do fumes to the dish.Adding chiles and sprouts and garlic chives. He planned, designed and built cocktails—’jito, ’tai, ’hattan, ’garita hot spring rolls containing pork, lime pumps it up further.Barbecued Desserts ($8) are far above my restaurants for other people before and ’car—to signature potables of shrimp and nuoc cham made with quail gets accents of kaffir lime and expectations. Holy basil-chocolate opening two of his own in Manhat- merit. Tiger Tail, for example, is a garlic, red pepper flakes and fish crispy shallots, and wild boar nem ganache cake has a molten middle tan. Now he is chef/partner and co- heady blend of Absolut Peppar, sauce. Tender frog’s legs “lollipops” sausage is paired with tamarind with ginger and tangerine flavors. designer of Mai House, occupying Triple Sec and passion fruit purée virtually fall from the bone, to be sauce and green papaya salad. Tangerine and mango figure in the former Zeppole location on with an ominous, and avoidable, awakened by fiery habanero aioli for There is edible excitement warm black rice pudding, and the Franklin Street between Myriad Thai chile lurking at the bottom. dipping. through the more than a dozen en- very pleasing house ice creams are Restaurant Group mainstays Nobu Buddha’s Eye marries Tanqueray Chef Huynh is expert at mar- trées.I love seared sea bass packaged ginger, black sesame and cinnamon. and Tribeca Grill. No. 10 to honeydew water and Thai shalling full-flavored yet balanced with abalone, the Japanese mush- The service team at Mai House The 130-seat spread features im- basil. Shrimp and tapioca chips are dishes of layered taste complexity.A rooms called maitakes, and ginger reflects the Nieporent code of being pressive modern Vietnamese food a pleasant nosh with drinks. delightful spicy combination of beef sauce. The house lacxa surrounds alert, informative, helpful and nice. king prawns and baby shrimp noo- dles in really spicy curry broth. COMMENTS? [email protected] Thinly sliced lemongrass short rib is another taste sensation, even if hard BUSINESS BREAKFAST FORUM to manage with chopsticks. A showier dish is steamed barramundi wrapped with lily flowers,ear mush- rooms, bean threads and aromatic herbs in banana leaf. Steamed black cod appears in shark fin consommé Please join us to hear Chief Judge Judith Kaye with sea cucumber, king mush- discuss her plans to overhaul the New York courts rooms and crispy ginger. in an effort to make them more effi cient and fair, her recommendations on how to change the MAI HOUSE 187 Franklin St. election of judges, the need for raising judicial pay (between Hudson and Greenwich streets) and her proposals to revamp the state’s archaic Judith S. Kaye (212) 431-0606 Chief Judge, divorce laws as well as other topical issues. State of New York ★★½ CUISINE Vietnamese WINES 45 wines, 15 by the glass Date: March 14, 2007 Cost to attend: Place: $60 for individual ticket(s) if pre-registered DRESS No code Sheraton New York (American Express, Visa or by March 7 NOISE LEVEL Loud 811 Seventh Avenue MasterCard only); $70 thereafter Time: 8:00-8:30 a.m. Networking Breakfast $600 for table(s) of ten if pre-registered by PRICE RANGE $18-$29 8:30-9:30 a.m. Program March 7; $700 thereafter WINE MARKUP 95%-215% CREDIT CARDS All major YOU MUST BE PRE-REGISTERED TO ATTEND THIS EVENT. ALL TICKETS ARE NON-REFUNDABLE. Office & Retail RESERVATIONS Availabilities: To register go to newyorkbusiness.com and click on “Events,” or fax your business card Recommended and credit card information to “Kaye Breakfast” at 212-210-0499. For more information, call the Events Hotline at 212-210-0739. 212.594.2700 HOURS Dinner, Mon.-Sat., slgreen.com 5:45 p.m.-midnight ★★★★= Outstanding SPONSORED BY: ★★★= Excellent Reaching New Heights. ★★= Very good ★= Good

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