20110912-NEWS--0001-NAT-CCI-CN_-- 9/9/2011 8:20 PM Page 1

INSIDE GREG TOP STORIES DAVID City’s hotels take A UNION TOWN? going green Fuhgeddaboudit to new extreme ® PAGE 2 PAGE 10 Architects begin torebuildafterlong, VOL. XXVII, NO. 37 WWW.CRAINSNEWYORK.COM SEPTEMBER 12-18, 2011 PRICE: $3.00 punishing run PAGE 2

Why so many biz leaders are holding back on Obama PAGE 3 Fashion flowers in two areas far from Madison Ave. REAL ESTATE REPORT, PAGES 21-24 quickhoney

BUSINESS LIVES Changing channels

GOTHAM GIGS But while the industry keeps a nervous eye on Dude! Hurricane Digital players, BY MATTHEW FLAMM prime time, other players are looking beyond ratings season is the best time and time slots. They want to break down traditional to catch a wave P. 47 including Apple, Over the next few weeks, television executives will viewing habits, expand the definition of a hit to in- ● ANNE FISHER How to take part in a time-honored ritual of the fall season: clude Web-original programs and remake the cable enjoy your work P. 47 look to end TV crossing their fingers and praying that the millions television business model, which relies on charging they’ve gambled on shows like Pan Amand Prime Sus- viewers for hundreds of channels they never watch. ● MOVERS & SHAKERS pect turn out to be dollars well spent. See THE FUTURE OF TELEVISION on Page 18 Shaping New York’s as we know it shoreline P. 48 ● GAEL GREENE Chinese food at RedFarm P. 50 BofA’s new No. 2 with a bullet

INDEX transcript. “You don’t pay your tax- es. You don’t pay the firefighters, THE INSIDER Co-COO Montag will have to earn hefty pay ______8 teachers, public credits. Sir, you’re a NEIGHBORHOOD JOURNAL ______9 as revamp looms, testing his taskmaster rep tax dodger.”

SMALL BUSINESS ______16 Mr. Montag, who had been

CLASSIFIEDS ______39 made since the bank’s acquisition of awarded more than $100 million in BY AARON ELSTEIN Merrill Lynch and the financial cri- compensation over the previous FOR THE RECORD ______42 sis. About halfway through the three years and was BofA’s best- HOT JOBS ______47 In March, when Thomas Montag presentation, while Mr. Montag paid employee, kept his cool: “I ac- EXECUTIVE MOVES ______47 was Bank of America’s president for extolled the firm’s bond depart- tually do pay my taxes,” he shot THE WEEK AHEAD ______50

global banking and markets, he ap- ment, a heckler rose up. back, before promptly returning to bloomberg news

THE WEEK ON THE WEB ______51 peared before a big crowd of in- “Bank of America, pay your tax- his script. “OK. Well, in—in the POTENTIAL CEO: Bank of America’s Thomas vestors to talk about the progress es,”the person raged,according to a See BofA on Page 45 Montag could someday run the whole show. WHAT HAS NYC ACHIEVED SINCE THAT DAY? 9/11 ANSWERS FROM MICHAEL BLOOMBERG, KEN TEN ELECTRONIC EDITION YEARS CHENAULT, RAY KELLY, KATHRYN WYLDE, LARRY LATER SILVERSTEIN, KEVIN BURKE, DANIEL LIBESKIND, NEWSPAPER RONNIE LOWENSTEIN AND OTHERS PAGES 11-15 20110912-NEWS--0002,0003-NAT-CCI-CN_-- 9/9/2011 8:18 PM Page 1

warm.The GM barely notices as he opens IN BRIEF a blue bin where top soil is slowly collect- Meet the greenest ing, made from the kitchen waste that the THE NEW YORK FRANCHISE OF KELLER machine grinds up. WILLIAMS REALTY, ONE OF THE NATION’S “Composting in the city requires trucks largest real estate companies, will be taking to come every night,” said Mr. Houdré, over 22,000 square feet of office space at 555 who had been carting waste.“But we don’t Madison Ave. that was formerly occupied by hoteliers in NYC need them anymore, and we’ll save Tiffany & Co. staffers. Since launching here in money.” April, Keller Williams has grown to 112 agents; by the end of the year, it expects to more than They compost, keep bees, grow veggies Committee chair double its local head count, according to Ilan The property is the Bracha, chairman of Keller Williams NYC and lobby to show off one of his most recent ac- first hotel in the city to use such equip- a former top broker at Prudential Douglas BY LISA FICKENSCHER quisitions: a composting machine. ment—provided by a Norwegian firm, Elliman.The Texas-based firm will maintain The seven-foot-long appliance, tucked Global Enviro International. But it is no its New York executive headquarters in Trump Hervé Houdré, general manager of the away in a former walk-in freezer in the ho- surprise that the European company chose Tower at 725 Fifth Ave. swanky InterContinental New York Bar- tel’s kitchen,emits a pungent odor,and the Mr. Houdré’s hotel for its U.S. debut, ini- clay,whisks a visitor past the hotel’s ornate temperature of the room is uncomfortably tially offering the machine for free. A STUDY ASSESSING THE IMPACT OF THE SEPT. The Barclay is leading the 11, 2001, ATTACKS ON SURVIVORS HAS green hotel charge. In addition to discovered a 35% rate of post-traumatic stress composting, the hotel boasts a disorder in white-collar workers and other rooftop garden and even raises civilians who worked in the World Trade bees. In December, Mr. Houdré Center and nearby offices when terrorists was asked to chair the Hotel As- destroyed the buildings. While that rate is far sociation of New York’s first Sus- higher than the 20% PTSD rate earlier studies tainable Hospitality Committee. found in Sept. 11 rescue workers, the new study “As far as I know, he is the found the disorder mostly affected people most progressive either in the twin towers or within a tenth of a hotelier on environmental is- mile of the attacks that day, according to sues,” said Joseph Spinnato, pres- Daniel Herman, an associate professor of ident of the hotel association, clinical epidemiology at Columbia University which is planning to present the Medical Center. committee’s recommendations to its members. Mr. Houdré is among a hand- ful of hoteliers in the city who are BY THE NUMBERS promoting a green agenda for the

hotel industry, driven by their

Weekly shift of the city’s economy own passion about environmen-  TIDE TURNER? Europe inched closer to the tal issues and a mission to show abyss. America stood at the brink of a double- that sustainability is good for the dip recession. Obama had a plan, but not yet bottom line. support. newscom Energy hogs #1 -9% 5.0% Not everyone embraces their message, however. Mr. Spinnato THE WETTEST DROP in avg. DROP in said some hotel executives are NYC August ever, weekday ridership Bloomberg/ with 18.95 inches on NYC buses in Crain’s NY Stock concerned about the extra costs of rain April, vs. a year Index last week associated with green initiatives. Source: National earlier “It may take three to five years to Oceanic and Source: Metropolitan Atmospheric Transportation CHANGING get everyone on the bandwagon,” Administration Authority LIGHTBULBS: he said. Hervé Houdré is And hotels have a long way to RINGING UP GROWTH Growth of sales at stores open thinking green to go before they can be considered more than a year slowed in the last few months but save money for the remained solid. InterContinental good environmental citizens. New York Barclay. They are the fourth-largest com- mercial consumers of energy, ac- cording to government statistics.

buck ennis See MEET THE GREENEST on Page 20

All figures exclude Wal-Mart Stores Inc. Source: Kantar Retail Architecture firms dare to r ADDICTED TO NUMBERS? at Gensler. “We are still in the process of have come around to the idea that this is GET A DAILY DOSE AT @STATSANDTHECITY Firms hiring carefully adding to the head count.” the new normal,” Mr. Perkins said. as demand creeps back Gensler is one of a number of firms— The activity comes as much of the rest CORRECTIONS including HOK, Perkins Eastman, Stu- of the design industry is squeezed by a up in some specialties dios Architecture and BAM Architecture radical reduction in jobs and fee cuts that Dan Chung is chief executive of Fred Alger Management. His Studio—that have recently had an uptick are sometimes as deep as 30%. name was misstated in the deck of the Aug. 29 story “Pinch hitter scores big.” in commissions and are hiring in response. The Architecture Billing Index, a key BY THERESA AGOVINO Demand for work on health care facili- barometer of the industry’s health, fell by Charles D. Reuter is the president of USI Insurance Services. His title was omitted from the Aug. 22 list of the New York area’s ties and corporate office interiors is partic- more than a point in July, to 45.1—its largest benefits consulting firms. Condé Nast’s recent decision to move to ularly strong. International assignments, steepest decline since February 2010. A Stephen Goldsmith was the city’s deputy mayor for operations. 1 World Trade Center was widely hailed as especially in fast-growing countries like reading below 50 indicates low demand His surname was misspelled in one reference in the Aug. 8 a pivotal boost for lower . Less Brazil and China, have also rebounded. for design services. “Insider” column, “Deputy was weak in the bullpen.” noted was the decision’s effect on one of the In many cases, the hiring comes after “Competition is still brutal,” said Mr. city’s largest architecture firms, Gensler, years of draconian cuts. Perkins. “Fees are not back up to where vol. xxvii, no. 37, september 12, 2011—Crain’s New York Business which is busy designing the publisher’s 1 they were—they aren’t even close.” (issn 8756-789x) is published weekly, except for double issues the Off the sidelines weeks of July Fourth, Labor Day and Christmas, by Crain Commu- million-square-foot office there. Some firms continue to downsize.Oth- nications Inc., 711 Third Ave., New York, NY 10017. Periodicals postage That high-profile assignment comes on “A lot of clients were sitting on the side- ers, however, see signs of improvement in paid at New York, N.Y., and additional mailing offices. Postmaster: the heels of other jobs, including renovat- lines for so long that they just didn’t want that they no longer must take on money- Send address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for sub- ing 685 Third Ave. and developing plans to wait anymore,” said Bradford Perkins, losing jobs just to keep remaining staff oc- scriber service: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a for Hudson Yards, the mixed-use project chief executive at Perkins Eastman. It has cupied. copy, $99.95 one year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2011 by Crain Communications Inc. slated to rise on the far West Side. brought on about 30 employees in New “We can now turn work away,”said Mr. All rights reserved. “Work has been improving steadily,” York so far this year and will most likely Perkins. said Joseph Brancato, a managing director add that many again by December. “They The firms say that, so far at least, stock

2 | Crain’s New York Business | September 12, 2011 20110912-NEWS--0002,0003-NAT-CCI-CN_-- 9/9/2011 8:18 PM Page 2

Zagat’s Business partner? search Executives uncertain ends about whether they’ll support Obama buy will finally let publisher this time around realize Web strategy

BY LISA FICKENSCHER

Google’s purchase of Survey last week represents a major oppor- tunity for the restaurant guidebook publisher to become the Web firm it was struggling to be on its own. Well-known for its signature burgundy books, the 32-year-old company faced stiff competition on- line from upstarts like Yelp, City- search and Urbanspoon. “There will be an enormous of HIGH HOPES: President made amount of new things we will be do- clear that the economy ing and announcing,” said co- would be his campaign’s founder Tim Zagat. central focus. Mr.Zagat and his wife,Nina,ex- pect to remain actively involved the company. They have committed to be co-chairs for at least the next four years, said Mr. Zagat, 71. Meanwhile, Google executives moved into the Zagat headquarters newscom at 4 Columbus Circle last week. Bernardo Hernán- are not active at all, and others are suscitate the torpid national econo- the Bush tax cuts. dez, Google’s marketing BY JEREMY SMERD much less passionate than they my. Mr. Obama, whose national “Business should thank God director of emerging prod- AND SHANE DIXON KAVANAUGH were in the last campaign,” said jobs speech last week made clear Obama’s been president,” said for- ucts, took the office Harry Wilson, a Republican who that the economy would be his mer Democratic Public Advocate next to Mr.Zagat’s. Billionaire banker Howard Mil- voted for John McCain but was a campaign’s central focus, rescued Mark Green.“But if they also want Having to con- 32 stein has yet to give a penny for member of the Obama administra- AIG and the American auto indus- the Herbert Hoover rhetoric, sult with others will YEARS AGO Barack Obama’s re-election. Nei- tion’s auto industry task force. “I try, and continued the bailout of they’re not going to get that from a be an adjustment Zagat began publishing its ther has hedge fund honcho think President Obama has the banks, paving the way for record Democrat who understands that for Mr. Zagat, who restaurant Daniel Loeb.Nor have other titans most strained relations a president corporate profits and a stock mar- consumer capitalism requires rules was the firm’s chief guides of the city’s business class who has had with the business commu- ket surge. The president rallied the and refs.” executive. The Za- opened their homes, wallets and nity since the 1970s.” health care industry to support his- More than two dozen local fi- gats will report to Google’s Marissa donor networks for Mr. Obama’s The ambivalence expressed by toric reforms that are poised to cre- nance and health care executives as Mayer, vice president for local maps inaugural bid for the White some city business leaders is a trou- ate millions of new customers for well as individuals who have previ- and location services. House. bling irony for a president who has hospitals, doctors and pharmaceu- ously funded Mr. Obama declined “Decisions of importance will be “People who were active in 2008 spent much of his term trying to re- tical companies. And he extended See BACKING OFF on Page 46 shared decisions between Google and us,”said Mr.Zagat.“But if there is a difference of opinion, ultimate- ly, it’s Google’s company.” major projects that helped the firm avoid layoffs Although terms of the acquisi- during the recession. tion were not disclosed, various re- Paul Eagle, managing director of Perkins+ ports put the price Google paid be- o rebuild practices Will’s New York office, hopes to add specialists tween $100 million and $200 in areas where the market shows some stamina, million—what the were said market gyrations and fears of a double-dip reces- though, and would rather have employees put in such as urban planning and corporate interiors. to be asking when they put their sion have not triggered mass project cancellations. overtime than pile on personnel. He is also trying to coordinate with other of- company on the block in 2008. “Nothing has cratered,” said Mr. Brancato, Kenneth Drucker, senior principal and di- fices, including those in and Min- Zagat Survey accepted outside who has expanded his staff roster by rector of design in HOK’s New York office, neapolis, to win more national accounts. investors in 2000. Private invest- 29%,to about 340,over the past two said he is also being selective. HOK has “When times get tough, you need to leverage ment firm General Atlantic Part- years. He says he is still cautious, focused on hiring professionals who all the firm’s resources,” said Mr. Eagle. ners bought a third of the company. have proficiency in a certain type of 3- Other firms have added talent by merging Other backers were Nathan Myhr- D software or experience in health care with or buying rivals. vold,a former chief technology offi- ‘We are still facility design. The office has taken on For instance, Gene Kaufman, who runs his cer at Microsoft; Nicholas Negro- 30 people in the past two years, bring- eponymous firm, purchased Gwathmey Siegel, ponte, director of the media in the process ing the workforce to just 20 shy of its and VOA Architecture acquired Inarch. laboratory at the Massachusetts In- prerecession peak. Perkins Eastman joined forces last year with stitute of Technology; and Nancy of adding Ehrenkrantz Eckstut & Kuhn Architects, noted Peretsman, an Allen & Co. invest- Selective talents for its urban planning practice. EEK also ment banker. to the head “The market is still pretty soft, so you brought a strong presence in Washington,as well The Google deal eliminates the are looking for talent in certain areas of ex- as in Vietnam and China. thorny question of who would suc- count’ pertise where there is work,”said Mr.Druck- “One of the things we learned during the re- ceed the couple.Their two sons have er. HOK is designing headquarters for Canon cession was that it was better to have more to of- other interests. John Zagat is in and LG, and a hospital in Princeton, N.J. fer clients than less,” Mr. Perkins said, adding medical school. Ted Zagat joined Perkins+Will is one of the outfits that the firm is working on two other mergers. Ⅲ Facebook earlier this year after serv- keenly aware of the market’s weakness. ing as president of Zagat Survey It has let go about 10% of its staff this LISTEN to a discussion at from 1999 to 2007 and working at Gensler’s Joseph Brancato year with the winding down of four CrainsNewYork.com/podcasts Univision.

September 12, 2011 | Crain’s New York Business | 3 20110912-NEWS--0004-NAT-CCI-CN_-- 9/9/2011 8:06 PM Page 1

IN THE MARKETS by Aaron Elstein

KURLAND HUBLER

MOLINARO SPARKS istock/bloomberg news Creakingly slow wheels of justice ne of the most baffling things about the federal Oinvestigations into Wall Street wrongdoing during the housing bubble has been how few executives have been charged. Until now. In an attempt to recover billions in mortgage-related losses, the Federal Housing Finance Agency sued 17 big banks earlier this month and named names—131 of them. None of the individual defendants listed in the FHFA’s civil suit are bank chiefs or even well known outside of financial circles. But they include key players in the mortgage madness, and the government’s move may mean that it’s at last ready to hold bankers accountable. Names include: SAMUEL MOLINARO. This former CFO at Bear Stearns is charged with signing registration documents for mortgage-backed securities that contained false statements and omitted key information to buyers and . Mr. Molinaro, who didn’t return a call seeking comment, is now working at New York brokerage Braver Stern Securities. DAN SPARKS. The former head of the mortgage department at Goldman Sachs, he oversaw the firm’s effort to reduce its pile of junk mortgages in 2007. According to the FHFA, Mr. Sparks lauded his team for making “some lemonade from some big old lemons.” A congressional panel investigated whether Goldman misled its clients, and the Justice Department is now looking into whether executives lied to Congress. Mr. Sparks, who now runs DLS Advisors, didn’t return a request for comment. HOWARD HUBLER. The suit accuses him of signing a registration document that contained false statements and key omissions when he was a proprietary trader at . Mr. Hubler may be best known for making a bet on the mortgage market in 2007 that cost Morgan Stanley about $9 billion—arguably the worst trade ever. He now helps run Loan Value Group in , which, coincidentally, advises homeowners struggling to pay their mortgages. His partner at Loan Value, Frank Pallotta, said the FHFA suit “is not something we’re going to chat about.” STANFORD KURLAND. The former president of Countrywide is also charged with signing false registration statements. Mr. Kurland left the company in 2006 and had avoided legal troubles until this suit. He is now CEO of PennyMac, which buys delinquent mortgages at steep discounts and tries to collect payments from homeowners. He didn’t return a call. Spinning out of a job at Bank of NY Mellon Last December, Crain’s wrote an ar- Pittsburgh-based Mellon Financial ticle explaining how Bank of New York merged. Since then, the combined Mellon CEO Robert Kelly “spins the company has actually become less numbers to make results look bet- efficient. According to Bloomberg ter.” Late last month, the board data,the bank spent 68 cents to gen- dumped Mr.Kelly and replaced him erate a dollar with a longtime Bank of New York of revenue at executive, Gerald Hassell. the time he Some speculated that Mr. Kelly took over; it (right) was ousted because his abra- now spends sive style turned off board members 73 cents. and senior management. Others This could figured it had something to do with have hap- litigation the bank faces for alleged- pened for

ly gouging big foreign exchange many reasons, bloomberg news customers. But more likely this was starting with simply a case of a bank CEO failing the global financial crisis hammer- to live up to the promises he made ing revenues faster than Mr. Kelly after a big merger. could lower costs. Then again, the Mr. Kelly became CEO in 2007, crisis has caused problems for lots of shortly after Bank of New York and people.

20110912-NEWS--0006-NAT-CCI-CN_-- 9/9/2011 6:03 PM Page 1

NEW YORK,NEW YORK edited by Valerie Block

Color them Kindle hough the tech world is salivating over the new T Kindle that is expected to introduce in November, the device’s biggest fans might be magazine publishers. One top executive says that the enhanced e-reader, which reportedly has a 7-inch color screen, will boost digital subscriptions in the same way that Barnes & Noble’s Nook Color has. ¶ Publishers also hope that the new Kindle will give Apple a run for its money.“They like the momentum that Apple gave them with the iPad, but they don’t like the plans that Apple has for their future,” said James McQuivey,a principal analyst at Forrester Research, referring to the company’s tight grip on information about those who subscribe through the App Store. ¶ Apple and most magazine publishers have reached a compromise on that issue, with the publishers managing to get subscribers’ email addresses. But that isn’t enough, according to Mr. McQuivey.“The entire future of the business will depend on your relationship with your customers,” he said, adding that the new Kindle could put more pressure on Apple “than Barnes & Noble ever could.” ¶ Amazon has been getting ready. “It’s very aggressively pursuing publishers right now,” said consultant Rebecca McPheters. “It’s already got 100 U.S. magazines [on Kindle’s digital newsstand], and we’re going to see a lot more by the end of the month.” —matthew flamm

this one will become the new sleek restaurant with a circular bar Dance troupes benchmarks and will be updated off the eighth-floor lobby. annually. Formerly Katen Sushi Bar, the spin green The survey covers companies spot is part of a $35 million New York’s dance organizations ranging from the contribute $215 million a year to renowned New York City the city’s economy, according to a Ballet to small ones like study released Sept. 12 by Thin Man Dance. Dance/NYC. It looks at the Combined, they give economic impact of 104 local more than 1,200 nonprofit dance groups—and that performances in New represents just part of the picture, York and about 1,000 on as many small troupes are not tour, with live audiences registered nonprofits, according to of more than 3 million the trade association. annually. By comparison, Dance/NYC has conducted opera attracts a national other surveys over the past live audience of about 3.7 decade, but it said the numbers in million a year, according to Opera America. More than half of the groups in overhaul of the EXHIBITING NEW YORK the study—66—have annual hotel. The upgrade, which THE KATONAH MUSEUM OF ART budgets of less than $1 million includes refurbishing the 2,000 pays tribute to the Big Apple this and receive nearly half of their guest rooms, will be finished by fall. “New York, New York! The contributions from a handful of spring. 20th Century” will feature more institutions, including the Jerome Other changes on the eighth than 50 works from artists Robbins Foundation. floor include a new banquet hall, including Diane Arbus, Childe Dance/NYC hopes its report will Liberty—formerly Encore Hassam, Edward Hopper and encourage support from other restaurant—featuring picture Edward Steichen (below). The funders. windows overlooking the theater exhibit opens Oct. 2 and runs “If a new foundation were to district. The sprawling enter this market, it would have a Lounge (above) sports new through December. huge impact,” said Lane Harwell, furnishings and six chandeliers, director of Dance/NYC. “This each with 234 clear-glass globes, a research is more important than riff on the New Year’s Eve ball ever, as dance makers seek new that drops a stone’s throw away. strategies for their operations, Over the past year, Marriott revenues and audiences.” International has been —miriam kreinin souccar transforming the eateries at some of its properties to be more social and business-friendly. Dining at world’s “People don’t want to sit in a crossroads traditional restaurant,” said a spokeswoman. “They may want to The New York Marriott Marquis set up their laptop and have a unveiled Crossroads American meeting.” Kitchen & Bar late last month, a —lisa fickenscher

6 | Crain’s New York Business | September 12, 2011 Project3:fp template.qxd6/21/1112:09PMPage1

©2011 Consolidated Edison Company of New York, Inc. Ad: Arnell Group CONNECT WITHTHE OR CALL 1-877-870-6118 WITH MONEY-SAVING PROGRAMSONLIGHTINGUPGRADES. THE GREENTEAM Mark’s lighting upgrades VALUE: VALUE: TOTAL MARK: COVERED: GREEN COST TO COST TO TEAM “Amazing. The savings savings The “Amazing. were too good to pass up.” pass to good too were $650 $1,500 (70%) 2,150 $ —Mark, —Mark, HELPEDA WE’LL HELP YOU SAVE GREEN TEAM Owner, ACT NOW. OFFER. TIME LIMITED

Franzoso Contracting, Inc., Franzoso Contracting, BUSINESS IN WESTCHESTER BUSINESS INWESTCHESTER PERIOD: PAYBACK PROJECTED SAVINGS: MONTHLY ESTIMATED AT AT CONED.COM/GREENTEAM

$100 6.5 months 6.5 See howI’msavingatconEd.com/Mark Croton-on-Hudson, NY + Scan toseeMark’s story. *Based on eligibility on *Based * 20110912-NEWS--0008-NAT-CCI-CN_-- 9/9/2011 7:27 PM Page 1

called for it to be re-examined. Manhattan Borough President GERRYMANDERING Scott Stringer said that police were Queens singled out THE INSIDER targeting minorities “every hour of CITIZENS UNION, one of several good-government groups every day” and that the policy “has pushing for independently drawn state legislative districts, gone awry.” argued last week that because of gerrymandering, Queens by Jeremy Smerd and Shane Dixon Kavanaugh While Ms. Quinn has said has only two Latino or Asian state Assembly members— stop-and-frisk could be limited Francisco Moya and Grace Meng—despite a population and better-monitored, she does not that is 28% Latino and 23% Asian. oppose it. That stance is likely to Francisco Moya But of registered voters, only about 18% are Latino and “play terribly in the minority 9% are Asian, according to Jerry Skurnik, an expert on community,” said one Democratic voter demographics. That helps to explain the discrepancy between Quinn stops at consultant. But “she can’t count on population and representation. the minority vote anyway,” because Election results also usually lag demographic changes. “It always takes other candidates are laying claim to some time for new ethnic groups to get their fair share of representation,” Mr. stop-and-frisk it, the consultant said. Moreover, Skurnik said. For example, Asians made up less than 18% Mayor Michael Bloomberg is of Queens in 2000. Their numbers in the Legislature will reportedly working behind the increase over time, observers said. ity Council Speaker scenes to aid her candidacy. “As more people get registered [to vote] and high school Christine Quinn (left) last students become 18 and can vote, more Asians will win,” pre- week said there was no New York: dying dicted political consultant Michael Tobman, an adviser to Ms. evidence that either City Grace Meng Meng. “Queens is the most diverse county in the country. … or thriving? [The political establishment] can’t stop ambitious young Councilman Jumaane The Tax Foundation reported last professionals from running for these seats, and some of them are going to win.” Williams or public advocate staffer week that net migration from 1999 Insiders said the primary mission of the Queens Democratic organization C is to re-elect its incumbents. It also tries to maintain diversity among elected Kirsten John Foy deserved to be to 2009 reduced New Yorkers’ handcuffed by police at a annual income in 2009 by $45 officials, in part to satisfy various constituencies. But those priorities can run counter to each other, as most Queens incumbents are white. parade on Labor Day. But billion—the biggest drop in the nation. (Florida gained the most, “Playing the ethnic percentage card can also be a dangerous game,” Mr. unlike three other potential $70 billion.) Skurnik said. “African-Americans are 19% of the population but 28% of the mayoral candidates who But James Parrott, chief delegation. Does Citizens Union think one of those districts should be addressed the incident at a economist at the Fiscal Policy eliminated?” Institute, doesn’t buy the Tax The advocacy organization wants next year’s reapportionment done by a City Hall press conference, Foundation’s doom-and-gloom panel immune from political tinkering. However, the state constitution Ms. Quinn didn’t mention portrayal. “It’s nothing new that requires legislative approval of district lines. stop-and-frisk. many retirees move southward,” he One observer noted that if a Senate district were drawn to favor the Public Advocate Bill de said, arguing that migration hasn’t election of an Asian, Republicans could gain a seat in the closely divided slowed New York’s economic Blasio called the practice of chamber. Asian-American voters tend to support Asian candidates regardless growth recently. of party affiliation, unlike African-Americans, who have shown no appetite for patting down people who Last year, New York had the electing black Republicans. have not necessarily second-fastest growth in real GDP committed a crime “the and in total personal income among all 50 states, while Florida wrong policy.” City ranked No. 40 and No. 46, Near-zero progress don’t know where he’s coming up newscom Comptroller John Liu respectively, he said. with that private money,” he said. on WTC arts center Government will pay to repair roads, rails and bridges, but not Assembly Speaker Sheldon Silver necessarily uninsured homes. said last week that the performing arts center planned for the World Trade Center site would be “a space Hillary in 2016? that celebrates life and our freedom Secretary of State has The Advantage. to express ourselves.” Little has said she will step down at the end been done, however, to move the of the president’s term and that it Get connected. Move faster. Mind your business. project forward. will be her last public-sector job. All over RCN’s own, state-of-the-art fiber-optic network. Mayor Michael Bloomberg spoke But a Clinton insider says the last week to architect Frank Gehry former New York senator is about its design, and the Lower maintaining ties with her top Manhattan Development Corp. fundraisers, which would aid a has set aside about $155 million for 2016 White House bid. “Hillary the project, but the city must has totally kept in touch with her 3 Phone Lines & 20 Mbps High-Speed Internet establish a nonprofit organization donors,” said the insider, adding and before that Ms. Clinton, 63, regularly money can be spent—or raised rewards them with invitations to All for just from the private sector, something social events, including State the mayor said would be difficult Department cocktail parties. “We • Get up to 20 Mbps downloads given the bad economy. hear from her; we see her.” Ⅲ • Equipment included $ 99 a month • Unlimited nationwide calling 99 Cuomo’s with a one-year or two-year agreement sticker shock Gov. Andrew Cuomo erred when he said “the bulk” of the money to 866.379.3639 | rcnbusiness.com/crains repair flood-ravaged communities “will be paid on the private side,” through homeowners’ insurance. Flood damage is covered through the National Flood Insurance Program, and only a handful of inland homeowners have such policies, noted Dan Corbin, director of research at Professional Insurance Offer valid for new RCN business customers only. Offer subject to cancellation without notice. Not valid with any other

offers or promotions. Rates are valid for 24 months with a 1- or 2-year contract. Cable TV rates include rental of digital Agents Management Services. “I bloomberg news converter box. If customer service selections change (whether voluntarily or due to non-payment) early termination fees may apply. Check your RCN Sales Order Form for additional terms and conditions. Installation charges may apply. A fully configured 10Base-T Ethernet card may need to be installed in subscriber’s computer prior to the installation of the cable modem. All rates subject to applicable taxes, franchise fees and other government imposed charges and fees. No substitutions. Other restrictions may apply. Not all services are available in all areas. Subject to network availability. For daily political and government news, subscribe to ©2011 RCN Telecom Services of New York, L.P. All rights reserved. CRAIN’S INSIDER @ www.crainsnewyork.com/insider

8 | Crain’s New York Business | September 12, 2011 20110912-NEWS--0009-NAT-CCI-CN_-- 9/8/2011 4:14 PM Page 1

NEIGHBORHOOD JOURNAL Bronx area gets unwanted guest BATTLEGROUND: “This is a particularly egregious represents GRA V. “When it be- in August, the Board of Giles Place is Historic Van the site of a example of where the developer did came clear the zoning change was Standards and Appeals controversial Cortlandt Village everything wrong and the neigh- afoot, construction proceeded fast ruled that GRA V had in- new building. borhood did everything right,” said because [the developer] was trying vested enough money in the loses fight to keep Assemblyman Jeffrey Dinowitz, to protect his investment.” project and had installed developer out whose district includes Giles Place In 2004, the Department of enough of the foundation prior to the made—a couple of small pieces that and who opposed the project. Buildings stopped work after dis- zoning change to establish a “vested are into the sidewalk, and those The developer has a radically dif- covering that the building’s founda- right to complete construction.” clearly have to be removed,” he said. BY HILARY POTKEWITZ ferent view. tion encroached on the sidewalk and FIPNA is mulling whether to “The property was bought with the road, in violation of local ordi- Mistakes will be fixed take the matter to court. In the small block association the simple vision to build a multi- nances. In 2005, the department re- Mr.Most hailed the decision as a meantime, the group is vowing to in Van Cortlandt Vil- family building,” said Jordan Most, voked one of the building permits. vindication. monitor the site and report the lage, a leafy nook in the a lawyer with Sheldon Lobel who But the developer appealed, and “Yes, there were some mistakes slightest violation. Ⅲ Kingsbridge section of , lost a seven- Ayear fight last month against a real estate developer constructing a 61- unit apartment building. In many ways, it was a classic tale of residents battling to preserve neighborhood character against a developer determined to maximize its profit.But this one featured a rare You Built Your Business cast of characters, living and dead. For openers, the battle raged on a street designed by Frederick Law Olmsted,father of Central Park and countless other parks. It also in- with Customers’ Needs volved a neighborhood where beau- ty queen Bess Myerson grew up and where a local advocate happens to be a former New York City housing commissioner from the Lindsay ad- in Mind. ministration. Oh, and by the way, the new apartment building at 3329-3333 Giles Place was loudly lambasted by nearly every politician whose district touches the site. SO DID WE. “This piece of property is entirely unique,”said Charles Moerdler,who pointed out that as a former housing commissioner, he’s in a position to know. Today, he chairs the land-use committee of local Community Board 8, which opposed the project. • Dedicated Small Business Deliberate design Relationship Manager Giles Place is a narrow, curving, two-block lane designed “to symbol- • Convenient Online Access ize the waves in the nearby [ Jerome with TD Bank BusinessDirect Park] reservoir,” according to resi- dent Margaret Groarke. She is a • Longer Hours that Work member of the Fort Independence Park Neighborhood Association, with Your Schedule which is trying to preserve the bal- ance of buildings on the street. • We’re Ready to Lend In 2004,the association drew first blood, successfully petitioning the When You’re Ready to Borrow city to have the neighborhood re- zoned to allow only single- and two- family homes to be added to a mix PUT THE POWER OF TD BANK that includes some apartment hous- es—but nice ones, as the neighbors TO WORK FOR YOU. see them. To speak with a Small Business “Those buildings have courtyards and are set back from the street with Relationship Manager, call 1-888-751-9000 little gardens in front,” said Teresa or visit www.tdbank.com/smallbusiness Grant Stoeth,a FIPNA member and Giles Place resident. One of them was also the childhood home of 1945’s Miss America, Bess Myer- son—the first Jew to win that crown. No sooner had the new zoning been approved than developer GRA V started constructing its apartment building, determined to get a foundation in the ground be- fore the new rules could take effect. Neighbors were furious. They claim the rushed construction went into the night,and that the develop- TD Bank, N.A. | Some fees and restrictions may apply. Loans subject to credit approval. | Equal Housing Lender | TD Bank Group is a trade name for The Toronto-Dominion Bank. Used with permission. For detailed credit ratings for The Toronto-Dominion Bank and TD Bank, N.A. visit https://www.td.com/investor/credit.jsp. Credit Ratings are not recommendations to purchase, sell, or hold a fi nancial obligation inasmuch as they do not comment on market price or suitability for a particular er did the demolition without prop- investor. Ratings are subject to revision or withdrawal at any time by the rating organization. er asbestos abatement.

September 12, 2011 | Crain’s New York Business | 9 20110912-NEWS--0010-NAT-CCI-CN_-- 9/8/2011 8:52 PM Page 1

VIEWPOINT

Ignore the political sideshow editor in chief Rance Crain publisher, vp Jill R. Kaplan EDITORIAL he debate over what to do about the Washington and, in any case, a far cry from the “hope and editor Xana Antunes nation’s economy has shifted its focus to change” he once promised. Americans look to presidents for managing editor Glenn Coleman deputy managing editors Valerie Block, New York City, thanks to a Sept. 13 advocacy and leadership, not mediation. His repeated Erik Ipsen special election for the Queens-Brooklyn failures to defend any principle have left the public—which assistant managing editor Erik Engquist senior producer, projects Kira Bindrim House seat formerly held by Anthony has already given up on Congress—with no one to count on senior producer, news Elisabeth Butler Cordova Weiner. Republicans, who are in Washington. contributing editor Elaine Pofeldt outnumbered in the district, are trying to Things could be worse: Europe has thornier economic columnists Greg David, Michael Gross, make the contest a referendum on President Barack Obama problems and no political apparatus to solve them, and the Alair Townsend pulse editor Barbara Benson andT the GOP’s call to cut debt and regulation. Democrats’ additional complication of a common currency that now senior reporters Theresa Agovino, strategy is to paint Republicans as enemies of Medicare and resembles a straitjacket more than a unifying force. Many Aaron Elstein, Lisa Fickenscher, Matthew Flamm, Miriam Kreinin Souccar Social Security. solutions for the U.S., in contrast, have already been reporters Amanda Fung, Shane Dixon Kavanaugh, The candidates themselves—Republican Robert Turner, identified.The Daniel Massey, Adrianne Pasquarelli, Jeremy Smerd a former television executive, and Democrat David challenge is finding reporter/producer Emily Laermer Weprin, a state assemblyman—are hardly inspiring. That is Many solutions elected officials with art director Steven Krupinski deputy art directors Carolyn McClain, no great shame, because the winner will probably see his for the U.S. have the courage to Daniel Mednick district carved into pieces when the congressional map is implement them. staff photographer Buck Ennis already been copy desk chief Wendy Zuckerman redrawn next year. Congress faces copy editor Thaddeus Rutkowski But the election’s outcome could harden political and decisions this fall on research editor Dana Gordon identified assistant research editor Suzanne Panara ideological positions that are damaging the recovery. If Mr. the president’s jobs research assistant Suzanne Bernard Turner wins, Republicans will say the public demands plan and the research intern Jonas Altman-Kurosaki severe austerity to rescue the economy—an illogical recommendations of a EDITORIAL AND ADVERTISING OFFICES position. A Weprin victory would reinforce Democratic 12-member bipartisan 711 Third Ave., New York, NY 10017-5806 editorial: 212.210.0277 Fax 212.210.0799 support for unfettered entitlement spending, which the group formed by the August debt-ceiling agreement. It must advertising: 212.210.0711 nation cannot afford. consider infrastructure spending and jobs programs coupled Cable craincom nyk We fear the winning party will pursue its unfortunate with long-term deficit reduction measures.Tax reform Fax 212.210.0499 Entire contents ©copyright 2011 Crain strategy through the 2012 elections, and that Congress will should be designed to pay down debt, encourage hiring and Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP use the election result as an excuse to kill any jobs plan, close obsolete loopholes.The cost of cherished entitlement Inc., used under license agreement.

slash short-term spending, gild the Medicare lockbox or programs could be reduced without sacrificing the safety net. TO SUBSCRIBE: make any number of decisions for political rather than For example, rather than increasing the Medicare eligibility For subscription information and delivery concerns, please e-mail [email protected] economic reasons. age—which would delay retirements and curtail job or call 877-824-9379 (in the U.S. and Canada) or 313- As the recovery sputters and public demand for unified openings for younger workers—expenditures elsewhere in 446-0450 (all other locations.) $3.00 a copy, $99.95 one year, $179.95 two years. action in Washington increases, elected officials are the system should be better managed. www.crainsnewyork.com increasingly spending their time in campaign war rooms and New York’s political leaders, for their part, should look ADVERTISING AND MARKETING on partisan talk shows rather than at the negotiating table. beyond the Turner-Weprin sideshow and prepare the city and advertising director Trish Henry senior account managers Mr. Obama, for his part, has become a Pacifier in Chief. state for the fiscal challenges ahead.They’re supposed to win Irene Bar-Am, Courtney McCombs, Sheryl Rose, Appeasement is a failing strategy given the political divide in elections so they may govern, not govern to win elections. Suzanne Wilson sales manager, classified print & online John Gallagher sales coordinator print & online Danielle Wiener newsletter product manager Alexis Sinclair credit Todd J. Masura 313.446.6097 Why NY is no longer a union town assistant marketing manager Sabra Harrison director, audience development hen 45,000 workers at Verizon Commu- Days after the Verizon workers ment workers. An astounding 71% Michael O’Connor nications went on strike in early August, went back to work, the Murphy In- of public-sector workers in the city stitute of the City University of and state are organized. In fact, the director of online and e-commerce all the talk predicted a long and con- strategy New York published its most heavily unionized Kristi Serrano tentious face-off.Verizon was demanding latest study on unions town in New York is web developer, interactive major concessions from its workers that in New York City. It Albany, the home of Chris O’Donnell theirW unions called unprecedented,greedy and an assault on the noted that New York state government. NEW YORK PRODUCTION middle class. The leaders of the two unions—the Communi- remains the most The Verizon work- production and pre-press director unionized state in the ers have lost much of Michael Corsi cations Workers of America and the International Brother- nation, with 24% of all their bargaining power advertising production manager hood of Electrical Workers—insisted they were prepared with workers organized. because their work on Suzanne Fleischman Wies The more important landlines and the FiOS PUBLISHED BY CRAIN COMMUNICATIONS INC. a huge strike fund to help their that workers begin to contribute to number concerns broadband service are in chairman Keith E. Crain members. The unions had been the cost of health care premiums workers like those at direct competition with president Rance Crain willing to stay on the picket lines for and that they could be let go with- Verizon. Only 14% of nonunion cable compa- secretary Merrilee Crain months in previous work stoppages. out big buyouts. New York’s private- GREG nies and nonunion treasurer Mary Kay Crain Two weeks later, the unions It won’t be possible to say who sector workers belong DAVID wireless operations even executive vp, operations William Morrow senior vp, group publisher Gloria Scoby suddenly called off the walkout. won and who lost until the two to unions. True, that’s within Verizon. So, like group vp, technology, circulation, They claimed the company had sides hammer out a contract, al- double the national the rest of the work- manufacturing Robert C. Adams agreed to drop scores of demands though the writing would seem to rate, but an entity that commands force, they will soon have to con- vice president/production & and to bargain over the major stick- be on the wall since the unions have the loyalty of a little more than 1 in tribute to health care and save for re- manufacturing David Kamis ing points.That was probably true, abandoned the one serious weapon 8 workers is not exactly an irre- tirement with the help of company chief information officer Paul Dalpiaz but Verizon did not concede any- they have. What is clear is that the sistible force. contributions. They will still make founder G.D. Crain Jr. (1885-1973) thing on the key points: that new collapse of the Verizon strike is an- As in the rest of the country, the something like $70,000 a year. chairman Mrs. G.D. Crain Jr. (1911-1996) workers be covered with only a other sign that New York’s identity New York union movement is now That’s a middle-class life, no matter 401(k) plan rather than a pension, as a union town is just a myth. primarily a movement of govern- what their union leaders claim.

10 | Crain’s New York Business | September 12, 2011 20110912-NEWS--0011-NAT-CCI-CN_-- 9/8/2011 8:51 PM Page 1

OPINION 9/11 TEN YEARS LATER

What is New York’s biggest achievement since Sept. 11, 2001, and what is the greatest challenge it faces? Leaders weigh in, including the mayor, city and company officials, and masterminds behind the new World Trade Center

MICHAEL BLOOMBERG along the way. KATHRYN WYLDE Regenerating the spirit Today, the city again faces enormous chal- is the mayor of is president and lenges in the areas of infrastructure, trans- New York City. of ’01 through service CEO of the portation,education,jobs and growth.The list Partnership for New is long, and overshadowing it all is the uncer- will carry NYC forward York City. tain fiscal and economic climate. To meet these challenges, we need to regenerate the BY KENNETH I. CHENAULT sense of community that we exhibited af- very day, I see how much New York ter Sept. 11. has achieved since 9/11. On the One way we’ve streets of , I see done that is through Infused with the memory people going to work, families with the 9/11 Day of Ser- Disaster tests mettle, of the lost, our new Ekids in strollers,shoppers and diners in the lo- vice and Remem- proves power in finance, cal stores and restaurants.Ten years ago, some brance, a federally downtown beat the odds said that lower Manhattan was finished.They recognized initiative community-building were wrong. created and led by re- The anger, fear and grief of 10 years ago spected nonprofits BY MICHAEL BLOOMBERG BY KATHRYN WYLDE have largely dissipated—though for some,the KENNETH I. CHENAULT MyGoodDeed and grief will never is chairman and CEO of the HandsOn Net- t is easy to forget now, but in the weeks go away com- American Express Co. work to pay tribute to mmediately following 9/11, our city’s and months after the attacks of 9/11, A sense of pletely and, of those we lost on future was in doubt.We had become the there were many who predicted that course, we will 9/11. primary target of a new brand of inter- New York might take decades to recov- , now never forget The campaign, national terrorism that aimed to destroy Ier. People were deeply worried that business- those who per- for which American Express was the lead con- IWestern capitalism. Within weeks, regula- es would flee,crime would rise and the bad old faded, aided ished that day. tributor, inspired millions of people to per- tors circulated proposals to disaggregate the days would return. Of course, none of that But just as the form good works, support charities and par- banking industry and move critical facilities a happened—because of the resilience and re- rebuilding anger and fear ticipate in service projects in cities across nuclear distance away from Wall Street. solve of New have faded, so, America on the 10th anniversary of 9/11. It But in a twist of irony, 9/11 became the Yorkers, and be- too, has the was a fitting way to honor their memory, catalyst for reaffirmation of New York’s pre- cause of the ex- spirit of com- and coming together in the service of others eminence in global finance and for the trans- traordinary sup- munity we ex- has helped us restore that vital spirit of com- formation of lower Manhattan into a vibrant port we received hibited then. munity. live-work community. It also provided the from people That’s too bad: It was that very spirit that We can do this. As a reminder, take a walk impetus for diversifying the city economy, across the country largely fueled our determination to rebuild on the streets of lower Manhattan.We can still both by geography and by industry. and around the and to overcome the obstacles that we faced make big things happen. In the decade since 9/11, the public and world. private sectors have worked together to en- In 2002, we sure that New York would emerge stronger laid out a vision than ever. The Port Authority, state agencies for a new lower City surmounts its fears New York has re- and Larry Silverstein have made great strides Manhattan: a dy- mained the world’s in rebuilding the World Trade Center site. namic 24/7 com- and stays safe—but also undisputed finan- The Bloomberg administration has restored munity that didn’t cial, cultural and confidence in the security of the city (thank empty out at 6 must remain vigilant communications you, NYPD) and spurred the resurgence of p.m. We believed capital, and the lower Manhattan. that by building safest big city in At the same time, city government accom- 56K new parks, open- BY RAYMOND W. KELLY America. plished some 110 major land-use rezoning ac- POPULATION ing schools and That is a tribute tions across the five boroughs,organized rede- downtown, up laying the ground- n the immediate aftermath of 9/11, to the skilled leader- velopment of secondary business districts,and work for addition- many thought that crime would go up ship of Mayor mobilized growth in varied industries such as 144.5% since 2000 al housing and of- and that another terrorist attack was in- Michael Bloom- tourism, biotech, fashion and media. RAYMOND W. KELLY Source: Downtown Alliance fice space, we evitable. Newspapers were filled with berg. With his sup- The city’s financial leaders resisted pres- could retain resi- Idire predictions, and people believed what is the police commissioner port, our police offi- sure to abandon New York,starting with Can- dents and busi- they were reading. For months after 9/11, I of New York City. cers have driven tor Fitzgerald’s literal emergence from the nesses, and also attract many more. could drive from my residence in Battery Park down crime by 35% ashes to rebuild a thriving business in a new Today, as you walk the streets of lower City to Times Square in a few minutes.Why? since the terrorist midtown headquarters. Goldman Sachs ce- Manhattan,it’s clear that this vision has come There was no traffic. Fear kept people out of attacks. mented the future of the downtown financial to life. There are now more businesses oper- town. With regard to terrorism, we learned after district by investing $2 billion to erect a spec- ating downtown than there were on Sept. 10, None of the predictions in these gloom- 9/11 that we could no longer hand the re- tacular headquarters adjacent to ground zero. 2001, and there are more people living in the and-doom scenarios came to pass. In fact, sponsibility for counterterrorism efforts en- Bank of New York Mellon recommitted to its neighborhood than at any time since 1920. crime went down in 2002, and it has contin- tirely to others. We had to build our own de- historic headquarters on Wall Street, but also Lower Manhattan is full of activity,full of op- ued to do so every year since, despite a reduc- terrents,and to expand our perspective beyond moved critical backup facilities to Brooklyn, timism, and full of hope for a better future. tion in head count at the New York Police De- the five boroughs to analyze the threats we contributing to that borough’s renaissance. Sunday saw the opening of a beautiful and partment of as much as 6,000 compared with face from afar. Today, New York is at the forefront of in- inspiring memorial to all those we lost on 2001 levels. In doing all of this, we were energized by novation and entrepreneurial activity in world 9/11,and all those who were killed in the 1993 Then in an undeniable fact: New York City was and finance;lower Manhattan is a global model for WTC bombing. We will never forget them. The NYPD 2008, the city would remain at the top of the terrorist target 21st-century community-building; and op- However, we have an obligation to honor bore the brunt list. Indeed, since 9/11, we’ve been the target portunities for employment and business de- their lives not only through the memorial, has cut of an unprece- of at least 13 plots against critical infrastruc- velopment are broader, deeper and more di- and not only by ensuring that the story of dented global ture and landmarks like the Brooklyn Bridge verse than ever before in New York’s history. 9/11 is understood by all future genera- crime 35% financial crisis, and key subway hubs. Our city’s darkest day became the inspiration tions, but also by keeping their spirit alive the effects of Suffice it to say that we have to remain vig- for a new era of growth and achievement. on every street they walked in lower Man- since 9/11 which we con- ilant. With the help of the new capacities hattan.Together, as a city,we are doing exact- tinue to feel. we’ve built and the partnerships we’ve forged, SEE MORE NYC leaders’ opinions P. 14-15 ly that. Through it all, we do that every day.

September 12, 2011 | Crain’s New York Business | 11

20110912-NEWS--0014,0015-NAT-CCI-CN_-- 9/8/2011 8:50 PM Page 1

OPINION 9/11 TEN YEARS LATER

Defying naysayers, My team and I never believed the KEVIN BURKE NY keeps growing, naysayers.We held firm to the vision Terrorism can’t tear is chairman, WTC rises again—a of downtown as a dynamic, green, apart our markets, president and but critical U.S. 21st-century live/work community. CEO of model of NY’s best The success of 7 World Trade Cen- infrastructure, unity Consolidated largesse has limits ter—which is 90% leased to a di- Edison Inc. verse mix of creative and financial BY LARRY SILVERSTEIN companies—proved the strength of BY KEVIN BURKE BY RONNIE LOWENSTEIN this vision.Condé Nast’s decision to ur greatest achievement relocate to 1 WTC is another pow- en years later, New York n the days and weeks following over the past decade has erful validation. City’s rapid recovery from Sept. 11, many commentators been the revitalization of Downtown’s remarkable come- the terrorist attacks of and the U.S. economy, and they predicted that residents and Olower Man- back would not have T9/11 still stands as its failed. They failed because of our Ibusinesses would flee New hattan and the tremen- been possible without greatest accomplishment. Those city’s and our country’s resilience, York City—not just those who were dous progress now being the perseverance of the events represented at once our dark- determination and unity.Those of us directly affected by the disaster, but realized at the World local community and est moment and our finest hour. who had the privilege of working or also others who felt it was too dan- Trade Center. the support of govern- Amid the unfolding tragedies, living downtown during the rebuild- gerous or too difficult to remain. While we have over- ment leaders, as exem- Con Edison’s monumental task was ing effort saw New York at its best. Anecdotal accounts in the media come many challenges, plified by Mayor to restore electric, gas and Now the World Trade seemed to support that notion. the biggest obstacle Michael Bloomberg and steam service downtown Center is being rebuilt, The exodus never happened. turned out to be one of Assembly Speaker Shel- following the destruction and a new tower will soon The city was able to keep its popu- perception. After 9/11, don Silver, who have of the twin towers and to 8,428 rise high above the rest of lation—and its economy—grow- we were confronted by been here since day one. rapidly make up for the FIRMS in lower our magnificent skyline. ing. Indeed, it fared far better after many powerful voices LARRY SILVERSTEIN Moving forward, we loss of two electric substa- Manhattan in 2010, Our unity of purpose Sept. 11 than many had feared, just who declared down- is president and must stay true to our tions that resulted from will help us face another as it weathered the steep 2007-09 town finished as a busi- convictions. With the the collapse of 7 WTC. vs. 8,180 in 2001 great challenge: creating a recession with less turbulence than CEO of Silverstein Source: Downtown Alliance ness district. Through- Properties Inc. global economy facing Thousands of our em- greener, cleaner and less much of the rest of the country. out the process of challenges once again, ployees worked around energy-intensive world. While some of the city’s resilience planning for the area’s the chorus of pessimists the clock, laying 36 miles of tempo- We can have the cooling, heating was the product of the strength and revival and beyond, these people will inevitably return. And once rary electric cable to rebuild the and lighting we need for our homes commitment of so many of those who tried to convince the world that low- again, we must not let them deter us downtown grid. This work ensured and businesses, but we can use less live and work here, it was bolstered er Manhattan could never compete from our shared mission of making that the financial markets were able to energy to meet these needs. New by extraordinary federal support.Im- again with midtown or with other the World Trade Center and lower reopen just six days after the attacks. technologies are making that effort mediately after the attacks, Wash- world cities.In their eyes,we should Manhattan a model of what is best The terrorists tried to inflict a possible right now, and they offer ington promised $20 billion to aid have cut our losses and moved on. about New York. death blow on the American spirit hope for a greener city for everyone. in New York’s recovery. Moreover,

IN 2011, NEW ENERGY EFFICIENCY LAWS PROMISE A GREENER NEW YORK. NYSERDA’S TECHNOLOGY EXPERTS AND FUNDING WILL HELP SHOW YOU THE WAY.

— Francis J. Murray, Jr. President and CEO New York State Energy Research and Development Authority (NYSERDA)

If you’re not working with NYSERDA, you’re missing a vital NYSERDA brings innovative solutions and straight talk on energy resource that can help make your new or existing facility more efficiency to your planning table, maximizing your energy savings energy efficient, more profitable and more competitive. NYSERDA and reducing your costs, while helping you meet New York City’s funds energy efficiency projects across the state, saving New new mandates for energy efficiency. Call today for reliable York properties—including the —millions of solutions from New York State’s energy experts. Good for business energy dollars, increasing efficiency and improving sustainability. and good for New York.

The Empire State Building image® is a registered trademark of ESBC and is used with permission.

14 | Crain’s New York Business | September 12, 2011 20110912-NEWS--0014,0015-NAT-CCI-CN_-- 9/8/2011 8:51 PM Page 2

OPINION 9/11 TEN YEARS LATER

RONNIE DANIEL LIBESKIND LOWENSTEIN Cultural response to Inspiring those who heads Studio Daniel is director of the 9/11 is tour de Libeskind. came after through New York City Independent force of democracy lens of kindness Budget Office. BY DANIEL LIBESKIND BY JEFF PARNESS AND TRACEY E. VITCHERS ny post redux mong the myriad re- sponses to the terrorist at- s we think back to those JEFF PARNESS is founder and chairman of the city received a big assist during tacks of 9/11, ranging nation to embrace the future. days 10 years ago, we the New York Says Thank You Foundation. the most recent recession.Washing- Afrom the political to the On the perimeter, complement- should also consider those TRACEY E. VITCHERS is the national ton’s bailout of Wall Street,designed economic, we sought to develop a ing the memorial, a new skyline is Aborn after 9/11 who did not program director of The 9/12 Generation to stabilize the nation’s financial sys- master plan for the World Trade being shaped by five emerging sky- experience that day, yet whose daily Project, the foundation’s education and tem, also propped up a key driver of Center site that offered a cultural re- scrapers whose ringed grouping lives will forever be shaped by the youth activation division. our local economy and tax base. sponse. We wanted to create a space echoes the torch in Lady Liberty’s changes brought about because of it. But it’s unrealistic to expect a re- that both commemorates the past hand. Fulton and Greenwich streets These same children will never peat of such and moves New York forward into once again run through the site, know what it felt like to be a New the country to assist communities re- federal largesse the next chapter of its history. linking it to the surrounding neigh- Yorker on 9/12, when our city was covering from disaster. After learn- if the slow eco- From the beginning, the core of borhoods. And soon a museum, overrun by volunteers from small ing about New York Says Thank $6B nomic growth the site—a place where people per- an extraordinary transportation towns and big cities from all over the You, schoolchildren from across the of the first half ished—was sacred. The 9/11 me- hub, retail outlets, an arts center country who went out of their way nation have embraced this mantra FEDERAL SPENDING of this year morial had to be its centerpiece, a and public spaces will complete the to volunteer and be with us in our and have begun to participate in on cleanup/recovery continues or space for reflection that incorpo- renewal. darkest moment.We call these chil- community service initiatives. from the attacks worsens in the rated the chasms left by the towers’ The master plan has developed dren the 9/12 Generation. We have also learned that our Source: Crain’s research months ahead. collapse. organically, as it should have, incor- At the New York Says Thank legacy will be using the foundation’s Washington is From those footprints,to the wa- porating the ideas, talents and voic- You Foundation, we have come to story to teach generations of chil- focused on its own fiscal problems, terfalls that create a soothing barri- es of many: the families of the vic- learn that there are no limits when it dren about 9/11 through the filter of and it has been reducing support for er against the city’s clamor, to the tims, citizens, security experts, comes to inspiring children with the kindness and humanity that united state and local governments. As the bedrock and slurry wall, to Tower 1 officials,architects and builders.To- story of how one 5-year-old’s idea our city—and nation—on 9/12. city faces up to its ongoing econom- with its 1,776-foot pinnacle,what is gether, we are creating a new lower launched a national “pay it forward” That’s what we will be focused ic challenges, New Yorkers may taking shape at ground zero reaf- Manhattan, one that takes its cue service movement.Each year,on the on for the next 10 years: inspiring, need to dig even deeper to tap our firms New Yorkers’democratic spir- from the aspirations of all who are anniversary of the attacks, the or- educating and activating the 9/12 own resolve and resources. it, intrinsic optimism and determi- committed to its future. ganization sends volunteers around Generation. EES-CI-DS-EMPIRESTATEBLDG-AD-002-V1

NYSERDA’s technical experts shine a light on energy efficiency savings for new and existing commercial facilities in New York. Download case studies at NYSERDA.org/nyc. SAVE YOUR ENERGY. CALL NYSERDA. 212-364-1933 1-866-NYSERDA NYSERDA.ORG/NYC

September 12, 2011 | Crain’s New York Business | 15 20110912-NEWS--0016-NAT-CCI-CN_-- 9/8/2011 4:15 PM Page 1

SMALL BUSINESS

ployees—is asked to provide expert testimony. “It certainly makes me Adding ‘expert witness’ to résumés more valuable to the firm,” he said. Some company owners see value READY FOR OATH: Tim Stickley, a in getting expert witness training Small, midsize firms encourage employees partner at accounting firm themselves. Tim Stickley, a partner to get specialized training to help win clients Boucher Stickley Group, took a at 10-employee forensic accounting training class so he can take the firm Boucher Stickley Group, with to avoid being tricked by the oppos- witness stand. offices in Manhattan and Mahwah, BY EILENE ZIMMERMAN ing attorney.” The program not N.J., took a boot camp class in June only improved her skills, she says, in San Diego. He is a CPA who pri- areena Sawhney is a detec- but also gave her a niche specializa- marily provides data and support for tive of sorts. As a certified tion that can be touted in marketing his business partner, David Bouch- forensic financial analyst, the accounting firm’s services to its er, when Mr. Boucher prepares to she exposes a hidden world clients.The cost ranges from $1,890 testify in court. Now Mr. Stickley is of fraud and negligence by to $2,750 per individual, depending planning on stepping out from be- Sanalyzing financial transactions and on factors such as membership in hind the scenes and taking the stand reconstructing accounting records. the NACVA. himself. Ms. Sawhney, a certified fraud ex- Growing interest in expert-wit- “We expect the need to testify

aminer, is a director in the litigation ness skills training prompted the buck ennis will come up more often, and this and corporate financial advisory NACVA to partner last year with the certainly boosts our marketability,” services group at Marks Paneth & American Institute for Expert Wit- camp, they will make their teams Those cases raised the stature of Mr.Stickley said.“I would like some Shron in . She ness Education to offer the insti- more attractive to clients in a slug- forensic accounting,which continues of our employees to go through the investigates fraud for corporate and tute’s Expert Witness Boot Camp. gish economy. to evolve. And the minute you move training,because I expect this part of nonprofit organizations and deter- They offered it to NACVA members into forensics,” he added, “you get our business will grow.”Even if they mines if and how fraud took place. and nonmembers, after introducing Forensics in demand called into the courtroom.” never plan to take the witness stand, Those findings can be used in lit- it on a limited basis in 2007.Not sur- Forensic CPA Michael G.Kaplan Finbarr O’Connor, a chartered they will become more effective in igation.To get a leg up on the witness prisingly, the training has attracted heads the AIEWE and teaches its accountant and executive director helping others in the firm prepare stand, Ms. Sawhney recently took interest from New York’s robust fi- boot camp classes in New York and with Capstone Advisory Group in for court. “They understand the the National Association of Certi- nancial services community. other cities. The founder of Kaplan Manhattan, took the training at questions that will be asked and the fied Valuation Analysts’ three-day To be sure, not every accountant Forensics in , Mr. Kap- management’s suggestion. Though thought process that happens when expert witness training, known as or analyst will excel in the high- lan has testified as an expert witness he hasn’t yet had the opportunity to answering,” he said. Ⅲ Litigation Boot Camp,in Jersey City. pressure role of an expert witness. in more than 250 cases. He said that take the witness stand, he said that “In cross-examination, there can However, some of the city’s small after the financial scandals at Enron it “rounded out my skill set.” To sign up for Crain’s be some pretty grueling questions,” and midsize firms hope that by giv- and Arthur Andersen, “it became Mr. O’Connor estimated that SMALL BUSINESS newsletter, go to said Ms. Sawhney. “You learn what ing employees specialized prepara- clear there was quite a bit of fraud go- once a month, someone from the www.crainsnewyork.com/smallbiz. you can expect to be asked and how tion for the witness stand in a boot ing on in the world of accounting. firm—which has about 130 em-

My daughter watched me build the practice. Now I’m watching her build the legacy. At Citibank, our experienced bankers have been helping companies thrive for 200 years. By providing resources and sharing expertise, we help take the business you build today to the places it will go tomorrow.

For more information, call 855-224-CITI or visit citi.com/commercialbank

© 2011 Citigroup Inc. Citibank, N.A. Member FDIC. Citibank and Citibank with Arc Design are registered service marks of Citigroup Inc.

16 | Crain’s New York Business | September 12, 2011 CN014588 8/30/11 4:52 PM Page 1

99%of small business owners are unsure about HR management.

You’ve got a business to run. You don’t have time for the fi ner points of HR. TriNet can help. We can manage the full range of your payroll, benefi ts and strategic human capital support, so you can focus on your business. For more than 20 years we’ve helped entrepreneurs achieve their ambitions. Let us take care of your human capital support so you can focus on what you do best.

CALL 888.874.6388 VISIT TRINET.COM

PAYROLL | HR | BENEFITS If it’s not your core business, it’s probably ours.

Copyright © 2011 TriNet. All rights reserved. All trademarks, trade names, service marks and logos referenced herein belong to their respective companies. 20110912-NEWS--0018,0019-NAT-CCI-CN_-- 9/9/2011 3:04 PM Page 1

built-in DVR, connect to the App and iTunes stores,and allow viewers The future of television is now—and digital to store their digital purchases in the iCloud. Like the company’s current Continued from Page 1 companies Roku and Boxee, which have a multichannel video subscrip- for change. set-top device, it would interact These would-be disruptors have developed set-top devices to tion. And for all the talk about peo- “There are a lot of forces putting with other Apple devices in the might eventually do to television bring the Web onto television sets ple cutting the cable cord, viewers pressure on the living room,” said household. what iTunes did to music and Ama- with no monthly charge. who watch TV only on the Web re- Gene Munster, an Internet analyst The Apple TV could provide zon to books. Cracks are already ap- Perhaps most significant, the main a tiny fraction of television at Piper Jaffray.“The genie’s already much of what consumers want from pearing in the foundations. Cable group includes Apple, which cur- households. out of the bottle from a consumer television: à la carte pricing, control and satellite TV distributors record- rently markets an Apple TV set-top experience point of view.” over when they watch programs, ed their biggest subscriber decline device and is rumored to be working Evolution before revolution Mr. Munster expects to see big and a hub for their own media— ever in the second quarter, and on a television set that will appear But as book publishers and mu- changes starting in the next couple of from photos to home videos. Nielsen has discovered a cohort of within the next two years. sic labels can attest, digital transi- years. These would include Apple’s Roku and Boxee already do many younger viewers who are watching The system won’t be dismantled tions can take years to build before finally getting serious about the tele- of those things. The Roku player, traditional TV less and streaming overnight. Big guns Comcast, Di- they happen all at once. Media ob- vision business and coming out with which sells for between $60 and video more. recTV and Time Warner Cable are servers note growing dissatisfaction its own Internet-connected TV set. $100, brings streaming video and Among the disruptors are the all doing well,and programmers such with the high price of cable TV From what Mr. Munster and music from some 300 Web channels fast-growing video-streaming serv- as Fox and Turner are keeping new packages and the number of alterna- other observers have pieced togeth- directly to a TV set. There are ices Netflix and Hulu, and tech content from anyone who doesn’t tives as signs that the market is ripe er, this Apple product would have a games, subscription services like Hulu Plus and Netflix, internation- al news and endless Web-original programming. The Boxee Box, priced at $200, offers more than 200 apps, or chan- nels, including MLB.TV, Netflix and Vudu. It will soon carry Hulu Plus. The service also includes a Web browser and can connect to the user’s own media. Neither Roku nor Boxee provides live local sports or much local news. And forget about watching live programming like the Academy Awards. But as current Web TV devices improve, Mr. Munster says, pro- grammers and television system op- erators will be forced to respond. ‘They have to make changes, because people are continuing to cut the cable cord’ Providing the right SBA loan

“They have to make changes be- to help McEnany Roo ng cause people are going to continue to cut their cable cord,” he said. thrive in any climate. The television industry has faced threats before, most notably when TiVo arrived a decade ago. Viewers TM Opportunity at every step began skipping commercials, giving rise to fears that advertisers would flee. Since then, the DVR has be- come a mainstream device,but mar- With an SBA loan that nanced their branch headquarters, McEnany Roo ng, one of Florida’s premier keters still see broadcast and cable programming as the best place to commercial roo ng contractors, was able to thrive in a challenging economy. A Bank of America Merrill Lynch spend their money. specialized loan package gave them the best rates, minimized their down payment, lowered their monthly Some observers argue that the current dangers are also being over- costs and optimized their cash positions for the future. stated and that the traditional pay- TV model won’t be changing any- time soon. “There are alternatives,” ac- Call 1.212.796.6947 or visit bankofamerica.com/businesssolutions knowledged Bruce Leichtman,a ca- ble industry analyst. “But the aver- age home is still watching five and a half hours of TV a day.” He blames declines in cable and satellite sub- scriptions on the economy. The cable operators are planning ahead, however. While generally dismissing the cable-cutting phe- nomenon,they’ve introduced lower- Photo courtesy of Aerial Innovations, Inc. priced packages and new products. “ Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking Both Time Warner Cable and Ca- af liates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking af liates of Bank of America Corporation (“Investment Banking Af liates”), including, in the , Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and members of FINRA and blevision have launched highly pop- SIPC, and, in other jurisdictions, by locally registered entities. Investment products offered by Investment Banking Af liates: Are Not FDIC Insured May Lose Value Are Not Bank Guaranteed. ©2011 Bank of America Corporation. ARM1N4G5 ular streaming video iPad apps, and Cablevision has a new DVR service that can record four shows at once.

18 | Crain’s New York Business | September 12, 2011 20110912-NEWS--0018,0019-NAT-CCI-CN_-- 9/9/2011 3:05 PM Page 2

BOXEE IT UP: CEO Avner Ronen There has also been progress on both filter the endless quantities of says the trend is toward “more rolling out TV Everywhere, a long- Web content through a user-friend- premium content online, not less.” discussed system for authenticating ly interface, and they can innovate multichannel subscribers to provide faster than people get televisions. them exclusive access to content on- “It costs much more to replace a line. The problem that creates for television than to add or replace a the disruptors is that premium con- $79 box,”a Roku spokeswoman said. tent becomes harder to get. Boxee is primarily a software de- In addition, networks and stu- veloper whose service could run on dios are increasingly leery of making a variety of devices,including televi- deals with Netflix,whom they see as sions and Blu-ray players. a competitor,and Hulu has been put “The work we’re doing now is up for sale by its owners:ABC,NBC laying the foundation,” Mr. Ronen and Fox. The networks have always said.“The next three to five years are worried that the video hub would going to see huge growth in our undermine their core business. space,and,hopefully,that will trans- Despite the obstacles, the bud- late into a real business.” ding Web TV remains confident. “The trend is pointing very LISTEN to a discussion at CrainsNewYork.com/podcasts

clearly toward more premium con- buck ennis tent online rather than less,” said Avner Ronen, CEO of Manhattan- based Boxee. Netflix, Microsoft, Amazon and others “are all invest- ing more than ever in licensing con- tent,and new players are expected to come in as well.” Boxee is certainly planning for growth.The 4-year-old company re- cently moved into new quarters in the Flatiron district.With the help of $16.5 million from its latest funding round,it will almost double its work- force to 50 by the end of the year. The company’s aim is to improve its service and to grow its base of 1.7 million users.Mr.Ronen declines to say how many Boxee Box units have SAVE ENERGY, SAVE CASH, been sold since the device went on sale last November. Before that, users downloaded the software and GREEN INCENTIVES connected to televisions through WITH their computers. YouTube as cable competitor FOR MULTI-FAMILY BUILDINGS The online entertainment uni- verse is also growing rapidly, led by EARN UP TO $20,000 TO GO GREEN! YouTube, which Google has recon- figured into a cable TV competitor that gets more than 90 billion video Con Edison is offering incentives to In addition to energy management views a month—up 50% from a year owners and managers of multi-family systems and other heating controls, ago, according to the company. (Google is reportedly one of the buildings with 5 to 75 units, to help incentives are available for the following bidders for Hulu.The company has cover the cost of upgrading to energy energy-efficiency improvements in Google TV devices similar to the Boxee service, but they have failed management systems. common areas: with consumers.) • Upgrades to high-efficiency heating Blip.tv, a top aggregator of orig- The systems are an effective way to retrofit inal Web series, is also booming. It an existing building to be more energy systems has tripled its video views in the past • Roof and heating pipe insulation year, to 330 million a month, ac- efficient. They pay for themselves over time cording to CEO Mike Hudack. by offering better control over a building’s • Upgrades to high-efficiency fluorescent Producers are getting more am- lighting, occupancy sensors, and light- bitious. Digital Broadcasting temperature and reducing energy costs. And Group,maker of the successful Web Con Edison offers incentives that will help emitting diode (LED) exit signs series The Confession,starring Kiefer • Premium efficiency motors for pumps and Sutherland, will double its slate to cover the installation, making it an even 40 shows this year. Episodes of one smarter investment. fans of the new series will run 22 min- • Upgrades to high-efficiency central air utes—standard for television— Building owners can receive $6,000 to conditioning rather than the five to 10 minutes $20,000 in reimbursements for certain that are the norm for the Web, ac- Incentives are also available for residents cording to CEO Chris Young. upgrades, which typically cost between And then there are niche Web $15,000 and $25,000 to install. of individual apartments. channels like , whose and Diggnation are hits with the digerati. “We used to have four television channels; now we have 300 [on ca- LET THE GREEN TEAM show you how your ble], and with the Web, it’s maybe 3,000 or more that are relevant,”said building can save energy and money. Mr. Ronen. “We’re getting to the point where there’s a critical mass of Visit conEd.com/greenteam or call 877-634-9443. content [online].” Analysts say that new televisions and Blu-ray players will have the same access to the Web—making set-top devices redundant—but both Roku and Boxee see continued demand for their services. They

September 12, 2011 | Crain’s New York Business | 19 20110912-NEWS--0020-NAT-CCI-CN_-- 9/9/2011 3:06 PM Page 1

such programs are executives at ho- tels who live their own lives accord- Meet the greenest hoteliers in New York ing to the principles they espouse at work.They punctuate their conver- Continued from Page 2 sation with such buzzwords as “wet Mr. Houdré credits his upbring- waste,” “coreless toilet paper” and ing in France’s rural Loire Valley “cogeneration.” They bike to work with fostering his interest in the en- and take their own kitchen waste to vironment. He regularly compares compost piles at green markets in notes with The New York Palace’s the city, as Ms. Beltran does, or nag Whitney Hoover—hired 14 months spouses about turning lights off in ago to head up the luxury property’s their apartment, as Mr. Houdré sustainability efforts—and the THE INTERCONTINENTAL NEW YORK THE GRAND HYATT boasts employee THE NEW YORK PALACE hired an executive does. The Frenchman conserves Grand Hyatt’s Diana Beltran, cor- BARCLAY keeps bees and a rooftop garden. recycling and composting programs. to head its sustainability efforts a year ago. energy and paper whenever he can, porate social responsibility manager reading all his news on a Kindle, since 2008. mental issues, it is unusual for indi- Houdré has written papers, deliv- major properties,” said Joe McIner- and even uses his business cards vidual properties to have executives ered speeches and edited books on ney,chief executive of the American sparingly.“I hate to give them out,” Unusual appointments like Ms.Beltran and Ms.Hoover on the topic. Hotel & and Lodging Association. he said. While most major hotel chains staff or a general manager who is an “It won’t be long before you see “Customers are demanding it.” A self-described “tree hugger,” have a corporate head of environ- authority on sustainability. Mr. environmental specialists at all the In most cases, the catalysts for Ms. Beltran said that since she ar- rived at the Grand Hyatt, she has started an employee recycling pro- gram, reduced the property’s elec- tricity and water consumption, do- nated unwanted furniture and toiletries to charities and started a composting program—the kind that collects kitchen waste in bins that are picked up each night by a waste management company. Her efforts earned the hotel a number of distinctions, including a place on the Audubon International Green Hotels list. The Bogotá, Colombia, native said that immigrating to the U.S. when she was 12 years old made a big impression, in part because she could “literally smell the clean air”in Florida, where her family settled. California girl Ms. Hoover credits her green bent to growing up in , where composting is mandatory for both residents and businesses. She started a composting program at The New York Palace, which also became the first hotel to partner with Clean the World,a program that do- nates partially used soaps to children in need in foreign countries. “We have a huge proposal sitting at the corporate office to switch over to energy-efficient lightbulbs, which could reduce the lighting portion of our utility bill by 60%,” she said. Changing incandescent bulbs to energy-efficient bulbs is a step Mr. Houdré took immediately when he joined the InterContinental Barclay two years ago. He even switched off the outside lights that illuminate the building. “There’s so much lighting in this neighborhood anyway, no one noticed the difference,” he said. These efforts reduced the hotel’s electricity bill by 3% last year. As for the soil being produced in the composting machine? He said that will eventually be transported to the hotel’s new rooftop herb and flower garden,where Mr.Houdré in- stalled a beehive for making honey. His ideas on sustainability also influence the food the hotel pur- chases. He has banned all wild salmon, Dover sole and tuna, even though only the yellowfin tuna is endangered. “My purpose is to do as many things as possible, to make the Bar- clay a pilot for the industry, and maybe someone will adopt at least one of these ideas,” said Mr. Houdré. Ⅲ

LISTEN to a discussion at CrainsNewYork.com/podcasts

20 | Crain’s New York Business | September 12, 2011 20110912-NEWS--0021-NAT-CCI-CN_-- 9/8/2011 6:45 PM Page 1

REAL ESTA TE INSIDE Deals Plus Leasing is up sharply, but so is availability; German grocery giant aims for Manhattan PAGE 23 Top real estate investment trusts in the New York area PAGE 24 City’s two new fashion capitals Stylish retailers find cachet, better rents far from Madison Cheap by stan- BY TINA TRASTER dards, downtown leasing costs help explain that growth disparity. Rents In 2006, fashion and accessories re- in SoHo and the meatpacking dis- tailer Porsche Design opened a store trict are a third to half of those on on Madison Avenue. Recently, it Madison.The average asking rent on inked a 10-year lease for a second Madison Avenue in the second quar- Manhattan outpost in a more fresh- ter was $919 a square foot, compared ly fashionable part of town: SoHo. with $498 in SoHo and $363 in the Porsche’s 2,000-square-foot store at meatpacking district, according to 456 West Broadway will open in the Real Estate Board of New York’s fall. Finding that space was a bear. Spring 2011 Retail Report. “It took more than four months to Recent data offer evidence of the find a suitable location in SoHo’s trend. The amount of space avail- heated-up market,” said the retailer’s able for lease in SoHo fell to 8% in broker, Susan Kurland, executive vice the first quarter of 2011,from 11.1% president of CB Richard Ellis.“There a year earlier, while on Madison it is virtually no high-profile space on held flat at 12.7%, according to the desirable streets in SoHo and Cushman. (Figures for the meat- LAND OF OPPORTUNITY: [the] meatpacking [district].” packing district were not available.) Ivanka Trump Fine Jewelry’s After a multi-decade run, Madi- Ivanka Trump has a hand in both Andrea Hansen called moving son Avenue is no longer the only those trends. She is leaving her to a larger space in SoHo game in town for fashion retailers. 1,000-square-foot space on Madi- “critical” for the brand. For years, SoHo and the meatpack- son Avenue in the East 60s and ing district have been luring design- moving her jewelry boutique to 109 ers with their neighborhoods’ more Mercer St. in SoHo. The location, bohemian feel and younger, trendi- which took a year to find, will open er shoppers. Now, an explosion in in mid-October. rents on Madison has forced many The new store measures 3,120 retailers to look elsewhere. square feet, more than triple the “The city has developed three le- space she had on Madison.The rent gitimate fashion centers,”said Joanne at the new store works out to $350 Podell, executive vice president of per square foot,exactly half what the Cushman & Wakefield Inc. “But in- rent was uptown. terest in opening stores downtown is “Having more space is not only really growing, and the market there critical for showing the collection;

buck ennis is extremely competitive.” See CITY on Page 22 Recaps offer buildings needed riches

Real Estate Group still had to service huge Mathias,president of SL Green Realty Corp., Finally, as debt-laden debt they’d taken on when they bought the 1.2 referring to the number of recapitalizations in properties teeter on brink, million-square-foot, two-tower property at which his firm has been involved over the past the height of the market in 2007. few months. Several more are in the pipeline, investors pour in more Cue the cavalry. In May, SL Green Realty he adds. Corp. and Vornado Realty Trust rode in and Nearly three years after the collapse of cash, lenders take losses jointly recapitalized the property,for which the Lehman Brothers—and property values— duo—Manhattan’s two largest commercial New York’s real estate market is finally pick- BY KERRY MURTHA landlords—held $400 million in debt. They ing up the pace of picking up the pieces. also agreed to inject $150 million for building In some cases, investors are infusing fresh HEAVY LIFTING: Early this year, the outlook appeared grim for improvements to help lure new tenants. After capital or converting their debt to equity. In SL Green and Vornado teamed up at 280 Park the owners of 280 Park Ave. Vacancy rates contributing so heavily to the cause, the white others,lenders are finally selling off their loans, Ave. and came away were ballooning,and cash reserves were dwin- knights owned a majority stake in 280 Park. at a discount, to investors who are interested with a majority stake. dling. But Broadway Partners and Investcorp “We are filling a capital void,”said Andrew See RECAPS on Page 22

September 12, 2011 | Crain’s New York Business | 21 20110912-NEWS--0022-NAT-CCI-CN_-- 9/8/2011 9:00 PM Page 1

REPORT REAL ESTA TE

City’s 2 new capitals of fashion FASHIONABLE ARRIVISTES Here are some of the high-design shops that have unfurled their flags in two fast-rising downtown neighborhoods. Continued from Page 21 borhood has become a destination it’s what we need for throwing for tourists. The range of retail— SoHo events in the space, which helps from haute couture to ready-to- W. Houston St. STELLA MCCARTNEY market the brand,” said Andrea wear—captures the largest audience l112 Greene St. Hansen, chief executive of Ivanka of the three fashion markets. Trump Fine Jewelry. “We couldn’t The meatpacking district, on the 2,700 square feet W. Broadway Opening November/ do that on Madison Avenue.” other hand, is viewed as drawing a Wooster St. Testimonials like that are help- slightly younger, hipper, more fash- December 2011

ing power a major high-fashion ion-forward crowd. Greene St. DIANE VON FÜRSTENBERG Prince St. growth spurt in SoHo. Laurice Rahme, chief executive l135 Wooster St. Mercer St. “Fashion retailing is hot down- of perfumer Bond No. 9, said her 1,650 square feet town,” said Faith Hope Consolo, new location at 863 Washington St. Opened May 2011 chairman of the retail leasing, mar- captures a much younger shopper keting and sales division of Pruden- than she sees at the chain’s two BALENCIAGA YSL buck ennis tial Douglas Elliman Real Estate. POWERFUL SOHO MAGNET: Mercer Street Madison Avenue locations. Even l148 Mercer St. l149 Mercer St. Recently inked SoHo deals in- the crowd at her outpost in Green- 4,800 square feet 2,500 square feet clude leases for YSL, which will bow wich Village is not as youthful. Opening late 2011 Opening late 2011 at 149 Mercer St., and Balenciaga, the two downtown neighborhoods. “The demographics are com- which is moving in across the street Several, like Ms. von Fürstenberg, pletely different in meatpacking,” W. 14th St. at 148 Mercer. They follow on the have a foot in both camps. Differ- she said. “It’s kids in their early 20s Meatpacking stylishly pointy heels of Diane von ences are clearer when either area is who are down here eating, partying INTERMIX W. 13th St. Fürstenberg, who in May opened a stacked up next to Madison Avenue, and drinking.” l boutique selling shoes,handbags and which is perceived as attracting a dis- And since kids stay up late,so does 810 Washington St. 2,700 square feet Washington St. accessories at 135 Wooster St., less tinctly wealthier and older crowd. Bond No. 9. At the new location, the W. 12th St. Ninth Ave. than a mile from her other Manhat- store’s doors stay open until 10 p.m., Opened August 2011 Biggest audience tan site, in the meatpacking district. Wednesday through Saturday. LILLA P Truth be told,many retailers don’t Downtown,SoHo is seen as hav- Recent newcomers include l420 W. 14th St. see that much of a difference between ing heavier foot traffic. The neigh- knitwear brand Lilla P, which Gansevoort St. 400 square feet Hudson St. opened its first retail shop at 420 W. Opened March 2010 Horatio St. 14th St. in March a month after Honor opened a boutique at 68 VANITA ROSA HONOR OVER THE BRIDGE Gansevoort St. Vanita Rosa is l810 Washington St. l68 Gansevoort St. scheduled to follow suit with a store INCREASINGLY, much of what fashion 800 square feet 1,400 square feet at 810 Washington St. this winter. retailers find attractive about the Opening late 2011 Opened February 2011 Meanwhile,an international gag- meatpacking district or SoHo can be gle of retailers including Canadian found in a whole other borough. With retailer Joe Fresh, Spain’s Zara, Swe- sidewalks awash in young, trendy den’s H&M, Italy’s Armani Ex- Others, however, having been rent the landlord is quadrupling. consumers and asking rents as low as change and New York’s own Michael there and done that, are moving on. Asking rents in the two down- $50 per square foot, Brooklyn’s Kors are eyeing the neighborhood. In a surprise move, Stella McCart- town districts are basically on a par Williamsburg is looking attractive “This is where retailers capture ney,the doyenne of the meatpacking with each other, according to Jared to some fashion retailers. Some, like the affluent European shopper who district,is moving to a smaller,2,700- Epstein, vice president of Aurora Fred Perry and Paul Smith, are is looking for the edgy,emerging de- square-foot store at 112 Greene St.in Capital Associates, but SoHo has established, and are looking to stretch their tentacles. Others are boutique signer,” said RKF Executive Vice SoHo, where her neighbors will in- more large spaces, especially on side and vintage sellers who believe that the neighborhood has a critical mass of President Karen Bellantoni, who clude Ralph Lauren, Apple, Louis streets like Greene, where rents foot traffic due to new high-rises and knots of restaurants and bars. just leased a 2,700-square-foot Vuitton, Etro and John Varvatos. range from $150 to $350 a square Fledgling fashion retailers getting in on the ground floor of this space at 810 Washington St. to In- The designer used the meatpacking foot,as opposed to $400 to $600 per emerging market include Oak on North Eighth Street, Grand Street Bakery termix, a fashion boutique. district to build her brand. Now that square foot on main thoroughfares (which sells vintage apparel, not cookies) at 602 Grand St., Bird Williamsburg Intermix, which has five stores in she’s established, she’s migrating to like West Broadway or Spring at 203 Grand St. and a Built by Wendy outlet on North Sixth Street. Manhattan,including one on Madi- SoHo for the foot traffic and a better Street.Rents in both areas are trend- Recently, Crossroads Trading Co., a West Coast retailer that sells brand son Avenue and two in SoHo, plans deal on rent. ing upward strongly, which could names like Marc Jacobs, Coach and Banana Republic at deep discounts, as to use its new store for hosting art ex- have an ironic impact. well as gently used clothing for cash or trade, opened on North Seventh. hibitions and musical performances, Better deal “If rents keep rising as fast as I “Williamsburg is a very logical investment for fashion-related tenants and as well as for selling clothes. Ms. McCartney, who was repre- think they will in SoHo and meat- a great deal compared to Manhattan,” said Peter Levitan, a broker with Sierra “We want to underscore our talent sented by Joel Isaacs of Isaacs & Co., packing, it would create a more lev- Realty who specializes in Williamsburg. as curators of all that’s chic and in- will be paying $600,000 a year, or el playing field that would ultimate- —TINA TRASTER spiring by being a place people gath- $240 per square foot. The designer ly send more downtown retailers er,” said Khajak Keledjian, chief ex- was coming to the end of her 10- uptown to Madison Avenue,” said ecutive and co-founder of Intermix. year lease at $100 per square foot, a Mr. Epstein. Ⅲ

230 Park Ave., 1515 Broadway and redeploy their assets. 11 Madison Ave. IN ON THE GROUND “Many big-ticket Recapsprovideriches Deep-pocketed investors aren’t FLOOR: Brookfield properties will continue the only ones moving properties bailed out 450 W. to be recapitalized, be- 33rd in one of the onto firmer financial ground—but biggest Manhattan cause fewer investors Continued from Page 21 in that select set was worth more than not without some cost.Increasingly, office deals this year. can [afford to] or want in taking over struggling properties. $250 million, and the bulk of the banks are showing a willingness to to handle them on their The figures are striking.Through deals were for Class A office space. take losses, especially now that own,” says Steven July of this year, a third of all com- One of those top-ranking deals prices have recovered a bit from ative,” says Joe Berko, president of Kohn, president of Cushman & mercial real estate deals in the city by took place in April, when Brook- their lows, by selling off loans for Berko & Associates, a Manhattan- Wakefield Sonnenblick Goldman. dollar volume were recaps, $5.4 bil- field Office Properties stepped in to some fraction of their face value. based real estate investment firm. The recent recapitalization of lion worth of them—more than recapitalize 450 W. 33rd St., anoth- “In some instances, banks are He cites a distressed $56 million 1633 Broadway, a 2.5 million- double the $2.6 billion recorded in er building that Broadway Partners willing to take as much as a 50% dis- development in which the equity square-foot office tower, arose from all of 2010, according to Cushman had purchased in 2007. There, the count on the original loan’s value,” partners are willing to take a 40% the fact that the owners wanted to & Wakefield Inc. latter was facing a $517 million loan, said Jerry Swartz, president of HKS discount on their capital investment move on. Mr. Kohn helped orches- In fact,recaps have accounted for scheduled to come due in mid- Capital Partners, a newly formed in order to maintain the original trate a complex deal in which Para- seven of the 10 largest office trans- 2012. In return for agreeing to take real estate financial advisory firm sponsor as the property’s manager. mount Group Inc., which already actions in Manhattan so far this responsibility for the debt, Brook- based in Manhattan. Some experts think that after more controlled 51% of the property, year, says Helen Hwang, executive field picked up a majority stake in His firm is negotiating with a distressed properties become stabi- partnered with Beacon Capital vice president of the New York Cap- the 1.6 million-square-foot tower. lender to buy a $12 million construc- lized,a second wave of recaps will ar- Partners and SL Green to acquire ital Markets Group at Cushman & Other big properties that have tion loan for as little as $7 million. rive,with some owners selling entire the 49% interest long held by Mer- Wakefield. The average transaction undergone recaps this year include “Today, people have to be cre- or partial building stakes in order to rill Lynch and Morgan Stanley. Ⅲ

22 | Crain’s New York Business | September 12, 2011 20110912-NEWS--0023-NAT-CCI-CN_-- 9/8/2011 6:46 PM Page 1

REPORT REAL ESTA TE

German grocer aims woman for East River Plaza co- Doughboy Deals Plus owner Forest City Ratner.The oth- does not expect for Manhattan er co-owner, Blumenfeld Develop- to move in un- ment Group, did not return calls. til the end of Discount supermarket giant Aldi is Aldi is owned by brothers Theo the month. The downside in getting set to open its first Manhat- and Karl Albrech—who also own The tenant tan store, according to sources. the Trader Joe’s chain. According to was represent- The German grocer is reported- the Aldi website, it has more than ed by Sinvin commercial uptick ly close to signing a lease at East Riv- 1,000 stores in 31 states. Real Estate’s er Plaza in Harlem. The plaza, a In February,Crain’s reported that Steve Rappa- 485,000-square-foot complex just Aldi had signed two leases, in the port.The land- 535 Hudson St. rokers greeted the sharp pickup in leasing of off the FDR Drive, boasts Manhat- northern Bronx and in Bayshore, lord, Icon Re- Manhattan office space last year as a sign of the tan’s first Costco as well as a Target Queens. Neither store has opened. alty Management Real Estate, was commercial market’s rebirth. Despite that and a Best Buy. Aldi opened its first —amanda fung represented in-house by Todd Co- New York City location in February, hen. impressive gain, however, the amount of available at a shopping center in Queens. West Village gets —emily laermer Bspace has actually risen by 31%—11 million A spokeswoman for Aldi de- square feet—since 2008 as more tenants vacated than leased, clined to comment, as did a spokes- all-American baker PR firm grabs according to a report by Studley. The founder of Chocolate Bar, on midtown sublease TIPPING POINT lower Eighth Avenue, has chosen “Last year was a big leasing year, stance, there are 11 buildings that AT THE TOP 535 Hudson St. for her latest venture: ICR, which specializes in financial but when all is said and done, there each have 200,000 square feet or Doughboy Bake Shop, which is communications, has sublet 10,800 are still buildings with a lot of emp- more for lease,according to Studley. Class A office space as of August billed as an all-American bakery. square feet at 825 Third Ave. from Ad- ty space,” said Greg Taubin,a senior Mr. Taubin says availability has Alison Nelson and two Chocolate vance Publications Inc. The sublet managing director at Studley. increased as the recession’s effects Bar employees, Vanessa and Matt runs through April 2019; asking In 2010, leasing catapulted 46%, linger.Much of the vast acreage once 9.9% Keefe, have signed a nine-year lease rent was $49 a square foot. to 34.3 million square feet. Mr. occupied by Lehman Brothers, for for 1,600 square feet at the location. “They are in growth mode,” said Taubin points out that the market is example, remains vacant. Vacancy rate, first reading “There are a lot of wonderful bak- Cushman & Wakefield Inc. broker segmented. For example, desirable Meanwhile, Pfizer Inc. sold one below key 10% since 12/08 eries in the far West Village, but they Kevin Daly, who represented the blocks of more than 100,000 square of its buildings, which remains un- all have a French-themed under- tenant. feet are hard to come by.In midtown leased, and vacated about 390,000 tone,” said Ms. Nelson. “There is re- David Hollander and Jason Fra- south,the amount of available space square feet when it moved out of $60.46 ally not a good American bakery to zier of CB Richard Ellis Inc. repre- has actually declined since 2008. 205 E. 42nd St. In addition, Gold- get cookies,cupcakes or even a pie for sented Advance Publications, a pri- Overall, however, there is plenty man Sachs left behind large swaths Average asking rent on avenues, the holidays.” She also hopes to lure vately owned media company of space. In the prime area between of space when it relocated to its new up $2.17 from a year earlier customers from the nearby schools. whose holdings include Condé Nast Fifth and Second avenues from East headquarters. Source: Cassidy Turley Asking rent was $247 a square and Fairchild Publications. 39th to East 50th streets, for in- —theresa agovino foot. The lease began Sept. 1, but —amanda fung

September 12, 2011 | Crain’s New York Business | 23 20110912-NEWS--0024-NAT-CCI-CN_-- 9/8/2011 6:42 PM Page 1

REPORT REAL ESTA TE NY’s Largest Real Estate Investment Trusts Ranked by total square footage owned in the New York area    $")!   )! )!  !#" !%$" $#( )! "# " )#)& " )#)& )" )" !#) ! !#" ! !#(   (!)"( )'$#%" )#$"" )#$"" ) )  )"  &  $"

'695),6#-)3;@%9<:; '                  7D3@A74732  (3D3

6:;65!967-9;1-:5+ (!                  %44713A REIT Total Return Index  =G:AB=<(B EEE 0=AB=<>@=>3@B73A 1=;      =AB=<#  #%'!%  ( %!" The SNL U.S. equity index had been rising steadily this year until renewed fears about the economy and loan $1465!967-9;@96<75+ $!                  '357==:7A $  )  !#" August. Still, with a year-to-date return of just over 5%, REITs have outper- =)365)@644<51;1-:5+ '                #C:B7 formed the S&P 500.  $ :303'=/2 EEE /D/:=<0/G 1=;     4/;7:G  @:7<5B=<+  %+  %

8<1;@#-:1,-5;1)3 "#             #C:B7 $ '7D3@A723&:/H/ EEE 3?C7BG/>/@B;3

!9636/1:5+ !            <2CAB@7/: &73@ /G EEE >@=:=57A 1=;     (/<@/<17A1= !  #!   '%   #*  14+6#-)3;@697               (6=>>7<5 $3EG23&/@9'=/2 EEE 97;1=@3/:BG 1=;     13

64-!967-9;1-:5+                #C:B7  :7@=>3@B73A 1=;     4/;7:G  '=163AB3@$-   *%  ''" 

?;9)$7)+-$;69)/-5+ (#                 (3:4  =BB=/13 1=;     AB=@/53  (/:B"/937BG*) $"%  % Total Returns by Sector +),1)#-)3;@%9<:; #              (6=>>7<5  #/;/@=<319D3 EEE /1/27/@3/:BG 1=;      13732;=

&9:;),;1,,3-!967-9;1-:5+ &            (6=>>7<5  '/7:@=/2D3 EEE C0>@=>3@B73A 1=;     13

!<*31+$;69)/-5+ !$                   (3:4  ,3AB3@<D3 EEE >C0:71AB=@/53 1=;     AB=@/53  :3<2/:3 #"   )"% %

%)5/-9)+;69@ <;3-;-5;-9:5+ $%                %CB:3B  $=@B6:7<3D3 EEE B/<53@=CB:3B 1=;     13

314+0-9#-)3;@%9<:; #%       < /        '357=

16-,#-)3;@%9<:;5+ #               %44713A   3@

7)9;4-5;5=-:;4-5;)5,)5)/-4-5;6                 #C:B7  ' EEE /7;1= 1=;     4/;7:G  ( *:AB3@(B@33B&/@9E/G %%+ #"&" source: snl financial 3

24 | Crain’s New York Business | September 12, 2011 s01 9/7/11 3:15 PM Page 1

CADVERTISING SUPPLEMENT E &  Advertising Supplement to Crain’s New York Business Holiday Parties

C E & H P olidayarties

I Tactics for utilzing social media for events Tips for small businesses And more event strategies and ideas s02 9/7/11 3:33 PM Page 1

Corporate Events & 2011 Holiday Parties Advertising Supplement to Crain’s New York Business

industry in Washington, D.C., you may want to How to Make Your Event Rank start isolating “networking events in Washington” “property development events in Washington” as Higher on Google potentially successful keywords. Next, drill down to what keywords have the BY JULIUS SOLARIS www.eventmanagerblog.com and www.juliussolaris.com highest volume of search and the smallest amount of competition. Google has a great tool to do that. Despite the hype on social media, SEO* remains a rock solid foundation of I invite you to play with it extensively until you find eCommerce. What has that got to do with me?—you may ask. Well if you sell your your niches and opportunities. event tickets online, congratulations, your business is based on eCommerce. What are the best keywords to select? Good news is that SEARCH MARKETING is not choice. In fact gaining the same SEO benefits of a the rocket science it used to be. Ranking higher text based interface may not be as easy. 3 Golden principles: Be specific, avoid competition, on Google is possible, so go for it! In fact, a large and analyze conversion rate. chunk of your revenue may depend on it. My suggestion is to use free, open source solutions for content management such as WordPress, HAVE A CLEAR WEBSITE Here’s how you start… Joomla, or Drupal. WordPress is my favorite option. STRUCTURE I have heard some commentators saying that FIRST AND FOREMOST, USE YOUR This is even more the case when it gets to SEO. designing a website structure around SEO is WEBSITE There are heaps of plugins to optimize the content like designing a prison to facilitate escape. It Making sure that your website is search engine of your website, links and images for better Google may be true in some cases. If your website friendly is a must. Some questions you should indexing. is constantly updated with fantastic content ask yourself: to draw the attention of audiences in the STUDY YOUR KEYWORDS thousands, then SEO structure is not a high What Content Management System (CMS) What are the keywords you are trying to target? priority. do I use? and, are spiders able to crawl my website easily? I find this is the single most important question when For the rest of us, we want to have a clear website it gets to better indexing. structure designed around our keywords. Joost de Despite lots of discussion around the subject, having Valk wrote one of the best posts on building a clear a Flash based event website may not be the best You should start brainstorming about the keywords structure for your website. I invite you to read it. your potential attendee searches for. If you run a *Search Engine Optimization networking event for the property development Once you have designed your structure, it is time

MOST PEOPLE CALL IT LUNCH. May We Suggest CLIENT-RETENTION PLAN?

CLOSE YOUR NEXT DEAL WITH US. © 2011, RHMI © 2011,

155 E 42nd St, The Chrysler Center · 212 953 2000 · 120 W 51st Street, Time-Life Building · 212 246 0154 120 Broadway, on Nassau at Pine Street · 212 374 1811 · thecapitalgrille.com

S2 September 2011 s04 9/7/11 3:35 PM Page 1

C E &  Holiday Parties Advertising Supplement to Crain’s New York Business

to generate a sitemap and submit it to Google. First website will drive interest and traffic. Go for it. you will have to register with Google Webmaster Using LinkedIn Tools and update your sitemap. Once again, VIDEO: Video has a substantial impact on WordPress has a plugin that performs the process searches. It changes the way in which users automatically. consume and, therefore, represents for Effective a juicy opportunity to rise to the top. I’ve written on ARE YOU IN THE TOP 3? the subject while looking at YOUTUBE as a medium Let’s see where we are. You picked an optimized to host video and to stream your events live. Event Promotion CMS, targeted keywords, and cleared a BY ARMEN MARGARIAN www.Eventish.com structure for your website. IN CONCLUSION We’ve reviewed how optimizing your website, LinkedIn is becoming very popular as a studying your keywords, having a clear structure However, you are probably not getting lots of visits. business orientated social networking site. It in place, using blogs or video, and driving traffic You’d be interested to know that the top 3 results is mainly used for professional networking and through social advertising are great tactics to get on Google get 58% of the total clicks. has more than 60 million users. Event planners you to the top of Google. This is where most of our can now understand the benefits LinkedIn will perspective attendees begin their journey, and such If you are not in the top 3 you are doomed to get 1 bring to their event marketing. LinkedIn allows tactics should not be ignored by the savvy event visit a month. Or are you? You’ll be happy to know, its members to create and manage groups professional. dear reader, that there are ways to make it to the top focused on a range of subjects. Let’s discuss or to at least bother the big guys at the top. how to create, manage, and promote a Will it make a difference? Well, as Vince Lombardi LinkedIn group where you can discuss topics, once said, “The price of success is hard work, CONTENT: This is when social media comes learn from others, and promote your events. to the rescue. Great content that gets shared on dedication to the job at hand, and the determination social networks and drives organic traffic to your that whether we win or lose, we have applied the CREATE a LinkedIn Group Creating a LinkedIn website is very well received by Google. The most best of ourselves to the task at hand.” Group is easy. Go to ‘Groups’ and click ‘Create a recognized way to spread your content is to run a Group’. Think carefully about how to name your well conceived and constantly updated blog on your group, considering the keywords that your target event topic. audience will search for. Then you should add your logo. Try to keep it simple and clean, but at the Event professionals do not realize an often same time attractive. Remember to add a short overlooked key asset in the content game: speakers description about your group. and performers. Involving those who attract your audience in writing targeted content for your event PROMOTE a LinkedIn Group After creating

THE HISTORY THE LOCATION THE FUNCTION SPACE THE ROOMS

CLASSIC FASHIONABLE AUTHENTIC GENUINE

MY HOLIDAY EVENT IS

45th and Madison Avenue 212.661.9600 • theroosevelthotel.com

S4 September 2011 s06 9/7/11 3:52 PM Page 1

Corporate Events & 2011 Holiday Parties Advertising Supplement to Crain’s New York Business

your group, you should add some members; no one will want to join a group with no members! You may invite colleagues, existing customers, and friends to join. Start promoting your group everywhere — on your website, blog, and other social media networks.

Also, you may promote your group at your events. Ask the speaker to mention it in the presentations.

MANAGE a LinkedIn Group In order to maximize your benefits you should manage your group quite closely. Provide the content on an ongoing basis. In some cases important information can get lost in discussions. To avoid it you can use the ‘featured discussions’ feature. This highlights the important parts of the content, offers, or events. This is a great way of event promotion. Open a new thread, give information about the event, and then make it a featured discussion. All the members of your group will see it each time they log into the group. Another way to promote your event is to send announcements to your group members. The emails are sent via LinkedIn and recipients are more likely to trust the LinkedIn name.

LinkedIn and other social media platforms are all part of a modern marketing plan. And the final result will be much more effective if you can combine these marketing methods with online event management services. They can help to reduce your costs and increase your event ROI.

Special Events at Intrepid

New, modern exhibits with a clean and fresh look

Customized and affordable event and meeting packages

Scenic settings to host small receptions and large gatherings

Spectacular views of the Manhattan skyline and Hudson River

MAKE YOUR NEXT EVENT INTREPID. For more information call 646.381.5301 or visit www.intrepidmuseum.org

S6 September 2011 s07 9/7/11 3:56 PM Page 1

Corporate Events & 2011 Advertising Supplement to Crain’s New York Business Holiday Parties Maximizing Social Media at Your Event

BY EMILY PETERSON 360 Digital Influence, Ogilvy PR

If you are a professional association with members around the country or world, it’s likely that your annual or regional meetings won’t be attended by all members. Rather than leave a big chunk of your constituency in the dark, social media can be a great tool to amplify conference content to members and beyond.

Having just helped with a live event, I wanted to share some items to consider before activating social media at your event:

LISTEN: What are people saying beforehand? What are the issues that your followers in social media want to hear most about?

PLAN: What is going to be your steady drumbeat of content? Will you provide live updates from sessions? Will you offer interviews with speakers and member attendees? What exclusive opportunity will you offer your key influencers? What behind-the-scenes experience can you provide?

ENGAGE: What social platforms will you be using? Facebook? LinkedIn? Twitter? Who will be your social media “crew” to engage online and ensure all relevant content is covered? the place for AMPLIFY: How will you spread the word so event CELEBRATION participants (both online and off line) are aware of ocean place, the place for your holiday party the social networking taking place? Signage at the event? Advertising? Pre-event communications? Head to the beach for some cheer this holiday season! Just an External newsletters? Twitter hashtags? If your hour from Manhattan by car, train, or ferry, lies Ocean Place organization does not have a relevant hashtag, Resort & Spa off ering the ideal holiday escape for your group. establish one beforehand and make sure people know about it and use it to help with online search results and to aggregate associated content. Also, Book your holiday event now and receive: link your various social platforms together to ensure content promotion has been maximized. 50% off guest room rates Menu’s starting at $19 per person If you are able to answer all of the questions above, Complimentary international you are probably ready to get started! If not, take coffee station some time to think through before jumping in.

A FINAL NOTE ABOUT TECHNOLOGY: Contact the Catering Sales Department for more information Plan for proper technology and resources. If at 732-571-5751 or [email protected] you’re using flipcams, be sure to have enough memory cards and a video editor onsite. If you’re live Tweeting, be sure that reporters have a mobile device to Tweet from. iPads can be a great tool for members to take notes, Tweet, view video, and can be raffled off to participants at the event. RESORT & SPA long branch, new jersey 800-411-6493 | www.oceanplaceresort.com

*minimum of 10 rooms per night to receive half off room rates. Based on availability, must be booked by 11/15/11 and actualize before 1/31/12. valid on new business only. Restrictions and black out dates apply. $5,000 F&B minimum to receive coff ee station

September 2011 S7 s08 9/7/11 4:02 PM Page 1

C E &  Holiday Parties Advertising Supplement to Crain’s New York Business

LOCATION Choosing the right location is an integral part Keeping Your Event Under Budget of the success of any event. Here are some tips that can help you find the best possible PROVIDED BY THE EVENT COMPANY www.corporateeventplanningco.com venue at the best price.

Staying within your event budget is always important to any business venture, Researching venues online will save time. Ask but it is essential when planning a corporate event. As the goals of a corporate 1 your local Chamber of Commerce or Convention event are generally not profit based, determining the ROI (return on investment) and Visitors Bureau about possible venue options, as they will want to keep your event within their districts. is often complicated. Below are some steps you can take to help meet your There are websites, such as cvent.com, that allow you event budget guidelines, or possibly bring you in well under budget! to search a database for venues and submit RFP’s (Request for Proposal) online. They should be able to do a lot of the legwork for you, saving your staff from making tons of phone calls.

Try to keep your event local. By using local 2 destinations, your costs will be considerably less than TIPS if you took everyone into a distant major city. ON HOW EFFICIENT BUDGETING Before settling on a budget, think about all the TO KEEP components that will go into your event budget, then review these tips about setting a budget and YOUR COSTS keeping watch over expenditures. Remember to increase older expenses by at least 3 10% and add an additional 10% for contingency or DOWN unforeseen expenses. Expenses can sometimes occur when you least expect them and can include: inclement weather, labor issues, additional postage and mailings, entertainment substitutes, cancellation insurance.

Review your expenses daily so that any errors can be 4 caught early enough to be corrected without financial repercussions.

Communicate your budgetary restrictions with your 5 venue and contractors. They want to keep your business. Let them know what you can afford and they will work with you.

Request a discount if you pay in cash rather than 6 credit cards. When vendors accept credit cards, they have to pay a percentage to the credit card company. By using cash you are saving them money, so see if they can reciprocate.

Restrict authorized signatures and do not accept any 7 charges made by unauthorized people. Similar to the old adage, too many cooks in the kitchen, the more people making monetary decisions, the higher the costs will be.

Always remember that your business is important. 8 By keeping a history of previous events and advising possible vendors of that history, they will see the potential for repeat business and will try to be as amenable as possible.

Try to be flexible with your event date. Can it be held 9 mid-week? Is there a holiday close to your event date? Evaluate when your selected venue has slow time. You may be able to reduce your expenses. You may also receive better service, as you won’t be competing with ‘tis the season other events at the facility. CONTRACT GUIDELINES TO BE FAMOUS When negotiating a contract, there are a few important details that are often overlooked. Seating for 770 / Reception Capacity of 1,200 Review these suggestions to help get the most 35,000 Sq. Ft. of Space on 2 Floors / 3 Elevators out of your contracts. 50 Television Monitors up to 10 ft. in Size 10 Try to negotiate a ‘no deposit’ clause in the 4 Satellite Receivers for Simulcast contract. If that isn’t possible, try to reduce the deposit amount and try to make it as close to the event 3 Fiber Optic Cables for Live Broadcast date as possible. Then put the money into an interest- State-of-the-Art Screening Room bearing account until it is needed. Remember to always look at all the options. Never Call our Sales Team at 212.265.2404 11 limit your supplier or vendor options to just one company. Once a vendor believes he or she is your PLANET HOLLYWOOD restaurant + bar only choice, the price goes up. 45th & Broadway In Times Square NEW YORK

S8 September 2011 s09 9/8/11 12:36 PM Page 1

C E &  Advertising Supplement to Crain’s New York Business Holiday Parties

Discuss your event history with the companies 12 you are working with and develop long term relationships that may result in volume discounts.

Always communicate the value of your business 13 and prepare a detailed request for proposal for all aspects of your event. This will demonstrate your awareness of competitive pricing to your vendors.

Remember to ask for everything you want at the 14 very beginning. The later you delay in requesting an item, the more it will affect your bottom line. Don’t be afraid to ask for complimentary items at this time. Whether it be complimentary coffee and tea after the main course, extended use of the room, additional for check in, additional staffing for check in, or any other needs you may have for your event.

Include a clause in the contract that states the 15 final payment will not be made until you have reviewed the event with the vendor or manager after the completion of the event.

When reviewing your cancellation clause, make 16 sure it is reciprocal. If there are significant changes in your location, such as renovations or change in management, you may want to choose another facility.

Include all pricing in the contract. By locking in the 17 menu prices, you will not have to worry about any unforeseeable problems that can be reflected in your bottom line. Even if you can’t lock in the specific menu, make sure that you agree to the pricing schedule. FOOD AND BEVERAGE SUGGESTIONS The food and beverage section of your event budget is generally the highest. Below are some tips that may help reduce that line item.

September 2011 S9 s10 9/7/11 4:07 PM Page 1

Corporate Events & 2011 Holiday Parties Advertising Supplement to Crain’s New York Business

When discussing the menu, work with the chef 18 directly. Communicate your ideas for the event and your concerns with budget. The chef will know what is in season, what can be purchased locally for less, and what his staff is capable of producing. The chef will probably surprise you with some creative suggestions that you hadn’t even thought possible.

When offering coffee, tea, or decaffeinated 19 beverages, purchase at a large quantity if possible rather than paying a per-cup fee. If possible, negotiate to have the coffee complimentary due to the significant business you are providing.

Discuss with the chef the possibility of reducing 20 portion size as a way of reducing the menu costs. Small reductions in each serving can create substantial savings to the bottom line.

Review the different service options to find out 21which would be most cost effective but still remain in keeping with the feel of the event.

Research who else is using the facility and what 22 they are serving. By choosing a similar menu or ingredients from those menus, the venue may be able to pass on the savings they receive from buying in bulk.

If serving items on a banquet table, place 23 expensive items in the back so they are harder to reach.

Research the pricing structure to identify if a la 24 carte is less expensive than per-person pricing.

Solicit sponsors for the event, such as wineries 25 or microbreweries, who can supply the liquor. There may be corking and serving fees, but it would significantly reduce your liquor costs.

Find out if you can supply the soft drinks for the 26 event and have your staff serve to your guests. Some venues may have a clause that states that only their staff can serve, but you can request that they waive it for this event.

Reduce the time for the cocktail hour by 15 minutes 27 to a half hour.

At the bar, request that they use a controlled-pour 28 system that regulates how much of each beverage is served to each person. If you are being charged by the bottle, you may be able to make each bottle stretch further.

If under an extremely tight budget, eliminate the 29 liquor completely by just serving soft drinks and mineral water. If that seems too drastic, offer wine, beer, soft drinks and water, but don’t offer hard liquor or mixed drinks.

If the venue has a discontinued wine label, you can 30 request to use it at a reduced rate. ENTERTAINMENT/SPEAKERS Another portion of event planning budgeting that is completely controllable is the entertainment and or speakers. Review these helpful tips to reduce these expenses.

When looking for a keynote speaker or guest speaker, 31look into industry experts, preferably ones in your area so you can save on travel expenditures.

The earlier you book your entertainment or 32 speakers, the better. They may increase their rates each year, so contract them before any rate increases may have occurred.

When given an option, always negotiate to pay a 33 flat fee rather than a fee plus expenses. Expenses always end up costing substantially more.

When looking for a keynote speaker or guest 34 speaker, look into industry experts, preferably ones in your area so you can save on travel expenditures.

S10 September 2011 s11 9/7/11 4:09 PM Page 1

Corporate Events & 2011 Advertising Supplement to Crain’s New York Business Holiday Parties

When booking entertainment, select a group that 35 has some versatility instead of booking multiple groups.

If a group’s rate is too high, discuss with them the 36 possibility of reducing the number of musicians to make it fit within your budgetary constraints. AUDIO/VISUAL REQUIREMENTS Any event needs some kind of audio/visual equipment. Below are some hints on how to reduce the amount of equipment you need to rent and how much it will cost.

Schedule a meeting with your AV provider and 37 discuss the program for the event. Work together to discern exactly what equipment is essential, whether items can be reused, and what is not necessary but could prove helpful. Discuss the number of microphones required, remembering to keep the number at a minimum and limiting wireless microphones whenever possible. Also review items like screen size and get the smallest screen possible.

Ask for a complimentary two-way radio so you can 38 communicate with the AV staff.

Request that the AV staff record the event, if 39 possible, for no additional charge.

When ordering screens, don’t order draping. No 40 one will notice except your accountant.

Always reconfirm the audio/visual needs for your 41speakers or entertainment several times before the event and again on the day of the event. This way you can eliminate any equipment they may not need.

with over 130 cafes around the world, there’s always something happening at hard rock.

new york

® 1501 broadway • times square +1-212-343-3355 • hardrock.com facebook.com/hardrock • twitter.com/hardrock

©2011 Hard Rock Cafe International (USA), Inc. All rights reserved.

September 2011 S11 s12 9/7/11 3:24 PM Page 1

C E &  Holiday Parties Advertising Supplement to Crain’s New York Business Event ymbolic har Symbolic ie s v w nparled UnparalleledUUnparall service Management: ndl EndlE ess possibilities Go Negative for More Positive!

BY ARMEN MARGARIAN www.Eventish.com

Are you looking for easy and quick ways to make your events better? Then you’re on the right track of discovering a very simple and very effective tip that can be easily incorporated into your next event.

Ask them what they didn’t like about your event!

This simple idea is all about sending a follow up email immediately after your event. As soon as FOR INQUIRIES OR A TOUR OF THE EVENT SPACES, CONTACT RACHEL HEUMANN the fun is over, send an email to event attendees. 646.437.4206 | [email protected] Thank them for their support and ask a simple question, “What didn’t you like about the event?” It may seem too simple, or make you wonder if you should ask more questions, however, in the EDMOND J. SAFRA PLAZA customer service world, simple is always best. 36 BATTERY PLACE IN LOWER MANHATTAN WWW.MJHNYC.ORG The thank you email containing this question accomplishes two essential things: an accurate answer from the attendees and reassurance that the next event will be even better.

Since it is sent immediately after the event 1is over and when people’s memories are still fresh, it provides maximum accuracy. Don’t wait too long before sending this email as people might forget helpful information YANKEE STADIUM that you could use. EVENTS 2 The question “What didn’t you like about YANKEE STADIUM – A VENUE FOR ALL SEASONS the event?” is counter-intuitive from an event organizer standpoint. You should be ready to hear negative things about your event. Your willingness to learn negative feedback shows your attendees that you’re serious about raising the quality of your events. People will be more willing to attend your events when they know you are trying to deliver value and doing your best to improve.

Think about using the simple technique outlined above if you have a reoccurring upcoming event. This way you will sell more tickets online and get more revenue.

Yankee Stadium is a venue for all seasons available to host events from meetings, banquets and tradeshows to fundraisers, weddings and bar/bat mitzvahs. With 23 unique event spaces available throughout the year, it’s not about deciding what type of event you can host at Yankee Stadium, it’s about realizing you can celebrate every occasion at Yankee Stadium.

BOOK YOUR EVENT TODAY: 646.977.8400 OR [email protected] WWW.YANKEES.COM/EVENTS

S12 September 2011 s13 9/8/11 12:47 PM Page 1

C E &  Advertising Supplement to Crain’s New York Business Holiday Parties Corporate Events: Measuring ROI

PROVIDED BY THE EVENT COMPANY www.corporateeventplanningco.com

Corporate meetings and events are one of the last margin items of controllable expenditures for many corporations. Due to the intense demand for accountability, finding out the Return on Investment or ROI of any corporate event has become critical to the development of future events. By looking at what ROI is and how to calculate it, you can develop specific steps to measure the Return on Investment for your events, gauging the success in monetary terms as well as in terms of the tangible benefits that directly relate to the continued success of the company. EVALUATING ROI Return on Investment is the net profit of an event over the investment expressed as a percentage. This is a standard computation that takes into account the amount of money spent on the event compared to the sales or estimated value the organization has received as a direct result of the event. However, the real story lies behind the numbers. While many event planners measure the success of an event by staying within budgetary guidelines and assessing attendance satisfaction, corporations measure its success by Crain’s annual Corporate Events & Holiday Parties is produced by the marketing whether or not the event has met its objectives and department of Crain’s New York Business. Designed by Marleen Adlerblum Design. what business impact was generated from this individual For information about the section, or to advertise in the 2012 guide, please contact event. A complete evaluation of the event, both from the Trish Henry at 212-210-0711 or [email protected]. organization’s and the participants’ point of view, must be included with the financial calculations in order to give stakeholders a true reflection of the outcome of the event. SETTING STRATEGIES In order to fully evaluate the return on investment, specific strategic objectives need to be set. By questioning key stakeholders as well as a broad sample of invitees, planners can determine detailed and measurable objectives. Once in place, they will help determine the programming for the event including what presentations will be made, if workshops will be included and who the keynote speakers will be. A post event survey can help gather results that occurred due to the event. Did the attendees learn something new, get a better perception of the company, or want to take further action with the company? Once these questions are answered, they can be combined with the planner’s assessment. Further evidence of the business impact can be converted to monetary value after a six month period. Once all these factors have been fully evaluated, YOUR BIG EVENT DESERVES AN AUDIENCE. a report on the return on investment can be made so that improvements can take place for future events. LET CRAIN'S HELP YOU FILL THE SEATS.

MEASURING EACH EVENT’S VALUE Crain's EVENTS CALENDAR has been completely redesigned to help you Although often used solely for large events, a more effectively find the right audience for your next big event. This interactive, simplistic evaluation process can also be used for small user-friendly destination was created to help you, the event manager, get events. Measuring the value of each event is essential to maximum exposure for your event and ultimately, sell more tickets. planning budgets and forecasts for the future. Business events are often considered investments for a given To see all the new features and post your next event, purpose. As with all good investments, an informed go to www.crainsnewyork.com/events decision will better increase your chances of success.

September 2011 S13 nb37p37-40cl.qxp 9/9/11 12:08 PM Page 39

PUBLIC & LEGAL NOTICES REAL ESTATE DIRECT TV PROVIDER # Directv Dealer Notice of Qualification of Queenscliff NOTICE OF QUALIFICATION of AUCTION Fund LP. App. for Auth. filed with Adakin Masters, LLC. Authority filed NYC Secy. of State of NY (SSNY) on with Secretary of State of NY (SSNY) See client list 8/11/11. Office location: NY County. on 08/01/11. Office location: NY LP formed in Delaware (DE) on 6/7/11. County, LLC formed in Delaware (DE) SSNY designated as agent of LP upon on 07/15/11. SSNY designated as WWW.DKOCNNECTIONS.COM whom process against it may be agent of LLC upon whom process (516)541-5700 served. SSNY shall mail process to: against it may be served and shall mail 900 Third Ave., Ste. 201-10, NY, NY process to the principal business addr.: 10022. DE address of LP: National 212 E. 39th St., NY, NY 10016, Attn: EVENT Jonathan D. Abbey, regd. agt. upon Corporate Research, Ltd., 615 South ACG New York....Booms & Busts Don’t whom process may be served. DE DuPont Hwy., Dover, DE 19901. Happen in a Vacuum Name/address of each genl. ptr. addr. Of LLC: 160 Greentree Drive, Suite 101, Dover, DE 19904. Arts. of Tom Landstreet is co-founder of TELL-TALE available from SSNY. Cert. of LP filed Capital Corp. shares his wit and wisdom on politics, with DE Secy. of State, Townsend Org. filed with DE Sec. of State, 401 Federal St., Ste. 4, Dover, DE 19901. investments and economic policy at corporate Bldg., Dover, DE 19901. Purpose: and investment conferences around the country. Purpose: any lawful activity. any lawful activity. Tom’s presentation will note that booms & NOTICE OF FORMATION OF RANC busts don’t happen in a vacuum and explore CITY COURIER SERVICES LLC, a NY, LLC. Arts of Org filed with the how government policy drives industry growth. domestic Limited Liability Company Secy of State of NY (SSNY) on It will seek to answer the questions, What drove (LLC), filed with the Sec of State of NY 7/27/2011. Office location: NY County. the boom times and the bad times; what policies on 5/23/11. NY Office location: New SSNY has been designated as agent changed to send us into bull and bear markets? York County. SSNY is designated as upon whom process may be served It will examine how investors can add perform- agent upon whom process against and shall mail a copy of any process ance to their portfolios by being aware of posi- the LLC may be served. SSNY shall to the principal business address: 140 tive and negative government incentives; provide mail a copy of any process against E 40th St, APT 8H, NY, NY, 10016. cases and draw comparisons between the present the LLC served upon him/her to The Purpose: any lawful acts. and the 1930s and 1970s; and contend that policy LLC, P O Box 552, NY, NY 10030. mistakes being made around the world are signif- General Purposes. Entertainment Visa Consultants LLC. icantly affecting growth rates and economic Arts. of Org. filed with Secy. of State health, sending signals that confuse markets. Notice of Qualification of Ring Capital of NY (SSNY) on 6/3/11. Office in NY It will explain “why the first quarter of 2012 will LLC. App. for Auth. filed with Secy. County. SSNY designated agent of be nasty and disappointing for both policymak- of State of NY (SSNY) on 6/15/11. LLC upon whom process against it ers and investors.” When: Tuesday, September Office location: NY County. LLC may be served. SSNY shall mail 13, 2011 11:15 a.m. - 1:30 p.m. Where: The formed in Delaware (DE) on 3/15/11. process to David King, 867 W 181st Thomson Reuters Building 3 Times Square New SSNY designated as agent of LLC St 4E, NY, NY 10033. Purpose: York, NY 10036. General Price : $125 Member upon whom process against it may be General. Price : $75 Register at www.acgnyc.org served. SSNY shall mail process to: Notice of Formation of 147 West 86 PUBLIC & LEGAL OFFICE SPACE AVAILABLE 560 Lexington Ave., 16th Fl., NY, NY Street LLC. Arts. of Org. filed with 10022. DE address of LLC: 615 South NOTICES 2 furnished top floor offices on EXECUTIVE Secy. of State of NY (SSNY) on 8/30/11. (midtown) DuPont Hwy., Dover, DE 19901. Arts. Office location: NY Co. SSNY desig- NOTICE OF QUALIFICATION of Gate of Org. filed with DE Secy. of State, nated as agent of LLC upon whom available for lease September 1st RECRUITER Townsend Bldg., Dover, DE 19901. process against it may be served. Five LLC. App. for Auth. filed with in executive suite. Full pantry. Purpose: any lawful activity. SSNY shall mail process to: The LLC, Secy. of State of NY (SSNY) on Receptionist, internet, laser printer, 07/19/2011. Office location: NY fax included. Use of conference POSITION AVAILABLE Notice of Formation of Local 340 West 86th St., Apt. 11A, NY, NY 10024. Purpose: any lawful activities. County. LLC formed in Delaware (DE) room as available. Please contact Telecommunications Services - NY, on 05/03/2010. SSNY designated as Ruth at 212-888-8525 for details. The National Bank of Canada LLC. Arts. of Org. filed with Secy. of Notice of Formation Apparel Bridge agent of LLC upon whom process Financial Inc., seeks Associates, Fixed State of NY (SSNY) on 6/17/11. Office LLC Arts. of Org. filed with SSNY against it may be served. SSNY shall REQUEST FOR PROPOSALS Income in NY, NY to perform complex location: NY County. SSNY designated 8/5/2011. Off. Loc.: New York Cnty. mail process to: 233 Broadway, 21st fin’l transactions involving Canadian as agent of LLC upon whom process SSNY designated as agent of LLC Floor, NY, NY 10279. DE address of credits in both CAD & USD, targeting against it may be served. SSNY shall whom process may be served. SSNY LLC: c/o Corporation Service Co., predominantly US-based asset mgrs mail process to: The LLC, 51 E. 42nd shall mail process to: c/o the LLC, 1407 2711 Centerville Rd., Ste. 400, St., Ste. 411, NY, NY 10017. Broadway, Ste. 1101, New York, NY investing in Canadian co’s. Req’ts: Wilmington, DE 19808. Cert. of Form. Bachelor’s or equiv in Bus., Fin, Econ or Purpose: any lawful activity. 10018. Purpose: all lawful activities. filed with the DE Secy. of State, P.O. Niagara Frontier Transportation Authority Serving the Niagara Region rel. field & three (3) yrs sales exp at Name: RAREBIT STUDIO LLC Art. Box 898, Dover, DE 19903. Purpose: Notice of formation of 1619 THIRD global fin’l institution working on Of Org. Filed Sec. Of State of NY any lawful activity. Waterfront Property for Sale - Buffalo, NY AVENUE UNIT 15D LLC, a domestic global trading desk & utiliz’g Excel & Limited LIability Company (LLC). 05/16/2011. Off Loc.: New Yok Co. 60 acres with approximately 1,580 feet of SSNY designated as agent upon whom Notice of Formation of ELLDAV shoreline property and 650,000 square feet Bloomberg to perform stat analyses of Articles of Organization filed with the ENTERPRISES, LLC. Arts. of Org. filed Secretary of State on August 24, 2011. process against it may be served. of warehousing/office/manufacturing space high yield bonds, investmt grade & interest SSNY to mail copy of process to THE with Secy. of State of NY (SSNY) on owned by the Niagara Frontier Transportation rate fixed income products; performing NY Office Location: New York County. 8/9/11. Office location: NY County. Secretary of State is designated as LLC C/O Nigel Warren, 184 East 2nd Authority (NFTA) which is seeking Requests fin’l modeling of micro/macro & relative Street, Apt 5G, New York, NY 10009. Princ. office of LLC: c/o Leo for Proposals (RFP) for the purchase of this agent upon whom process against Schachter Diamonds, LLC, 529 Fifth value; analyzing Canadian bond issuer the LLC may be served. Secretary of Purpose: Any lawful act or activity. property. The entire RFP (RFP No. 4127) Ave., NY, NY 10017. SSNY designated can be found on the NFTA’s web site at cos’ bus. strategies & fin’l performance State shall mail a copy of any GELILA BEKELE LLC, a domestic as agent of LLC upon whom process NFTA.com. given Canadian socio-economic & political process against the LLC served upon Limited Liability Company (LLC), filed against it may be served. SSNY shall environ; & interacting & dvlpg relation- with the Sec of State of NY on him/her to: P.O. Box 39, Wyckoff, mail process to Stanley D. Friedman, ship w/ customer counterparties. Must 7/27/11. NY Office location: New New Jersey 07841. Purpose: To Esq., McAloon & Friedman, P.C., 123 engage in any lawful act or activity. York County. SSNY is designated as possess Series 7 & 63 licenses. Pls submit agent upon whom process against William St., NY, NY 10038. Purpose: resumes by mail to Sandy Cuesta, HR, NOTICE OF QUALIFICATION OF the LLC may be served. SSNY shall Any lawful activity. The National Bank of Canada Financial Halcyon Management Acquisition Niagara Frontier Transportation Authority mail a copy of any process against GLENER HOLDINGS LLC, a domestic Inc., Park Avenue Tower, 65 E. 55th St., Company LLC. App. for Authority filed Serving the Niagara Region the LLC served upon him/her to Limited Liability Company (LLC), filed 31st FL, NY, NY 10022 & indicate job with the Sect. of State of NY (SSNY) Marina for Sale NFTA Boat Harbor - Gelila Bekele, 310 E. 53rd St., #28A, with the Sec of State of NY on 8/12/11. code NJ082511CNY. on 8/9/11. N.Y. Office Loc: NY County. NY, NY 10022. General Purposes. Buffalo, NY LLC formed in DE on 12/8/2009. SSNY NY Office location: New York County. Notice of Formation of 1510 2nd SSNY is designated as agent upon 204 acres with a 1,001 slip marina owned has been designated as agent of LLC by the Niagara Frontier Transportation upon process against it may be served Avenue LLC amended to BLDG 1510 whom process against the LLC may TELECOMMUNICATIONS and shall mail process to: c/o Walkers 2ND AVENUE LLC. Arts. of Org. filed be served. SSNY shall mail a copy of Authority (NFTA) which is seeking Corporate Services Delaware Ltd. 200 with Secy. of State of NY (SSNY) on any process against the LLC served Requests for Proposals (RFP) for the NYC'S MOTOROLA Bellevue Pkwy, Ste 170, Wilmington, 8/12/11. Office location: NY County. upon him/her to Regosin Edwards purchase of this property. The entire MOTOTRBO SPECIALISTS DE 19809. DE addr. of LLC: 200 SSNY designated as agent of LLC Stone & Feder, 225 Broadway, Ste. 613, RFP (RFP No. 4126) can be found on the Bellevue Pkwy, Ste 170, Wilmington, upon whom process against it may NY, NY 10007. General Purposes be served. SSNY shall mail process NFTA’s web site at NFTA.com. 19809. Cert. of Form. filed with DE Notice of Qualification of AAA ENERGY to: BLDG Management Co., Inc., 417 Sect. of State, PO Box 898, Dover, DE OPPORTUNITIES FUND LLC. Authority 19903. Purpose: any lawful activity. Fifth Ave., 4th Fl., NY, NY 10016. filed with Secy. of State of NY (SSNY) Purpose: any lawful activity. PUBLIC & LEGAL Notice of Qualification of GP HOLDCO, on 8/12/11. Office location: NY County. NOTICES LLC. Authority filed with Secy. of Notice of Qualification of IndCor LLC formed in Delaware (DE) on Management - Allagash, L.P. Authority 8/10/11. Princ. office of LLC: 1285 State of NY (SSNY) on 8/25/11. Notice of Qualification of PDT Capital filed with NY Dept. of State on 8/5/11. Ave. of the Americas, NY, NY 10019. Office location: NY County. LLC Office location: NY County. Princ. bus. SSNY designated as agent of LLC Group, L.P. App. for Auth. filed with formed in Delaware (DE) on 3/28/07. addr.: 2 N. Riverside Plz., Ste. 2100, upon whom process against it may be Secy. of State of NY (SSNY) on 7/1/11. SSNY designated as agent of LLC Chicago, IL 60606. LP formed in DE served. SSNY shall mail process to: Office location: NY County. LP formed upon whom process against it may on 5/23/11. NY Sec. of State designat- c/o Corporation Service Co., 80 State in Delaware (DE) on 10/14/10. SSNY be served. SSNY shall mail process ed agent of LP upon whom process St., Albany, NY 12207, regd. agent designated as agent of LP upon whom to c/o Corporation Service Co. against it may be served and shall upon whom and at which process may process against it may be served. (CSC), 80 State St., Albany, NY mail process to: CT Corporation be served, as amended by Cert. of SSNY shall mail process to: 1585 12207, regd. agent upon whom and System, 111 8th Ave., NY, NY 10011. Change filed with SSNY on 8/23/11. Broadway, 9th Fl., NY, NY 10036, at which process may be served. DE DE addr. of LP: The Corporation Trust DE addr. of LLC: c/o Corporation Attn: Dede Welles. DE address of LP: addr. of LLC: 2711 Centerville Rd., Co., 1209 Orange St., Wilmington, DE Service Co., 2711 Centerville Rd., Ste. 1209 Orange St., Wilmington, DE Ste. 400, Wilmington, DE 19808. 19801. Name/addr. of genl. ptr. avail- 400, Wilmington, DE 19808. Cert. of 19801. Name/address of each genl. 33 East 33rd Street Cert. of Form. filed with Secy. of able from NY Sec. of State. Cert. of Form. filed with DE Secy. of State, Div. ptr. available from SSNY. Cert. of LP New York, NY 10016 State of DE, Townsend Bldg., LP filed with DE Sec. of State, 401 of Corps., John G. Townsend Bldg., filed with DE Secy. of State, P.O. Box 212-532-7400 Federal & York, Dover, DE 19901. Federal St., Dover, DE 19901. 401 Federal St., Ste. 4, Dover, DE 898, Dover, DE 19903. Purpose: any www.metrocomradio.com Purpose: Any lawful activity. Purpose: all lawful purposes. 19901. Purpose: Any lawful activity. lawful activity.

September 12, 2011 | Crain’s New York Business | 39 nb37p37-40cl.qxp 9/8/11 8:09 PM Page 40

PUBLIC & LEGAL NOTICES

Notice of Qual. of J. J. B. Hilliard, W. Notice of Qual. of TS Leasing LLC, Notice of Qualification of Comcast Notice of Qualification of ESR HOLDINGS Notice of Qualification of Dovir LLC. L. Lyons, LLC. Auth. filed with Sec of Auth. filed Sec’y of State (SSNY) Shared Services, LLC. Authority filed LLC. Authority filed with Secy. of State Authority filed with NY Dept. of State State NY (SSNY): 5/24/11. Office in 5/26/11. Office loc.: NY County. LLC with NY Dept. of State on 7/7/11. of NY (SSNY) on 8/5/11. Office location: on 7/19/11. NYS fictitious name: NY County. Formed in KY: 11/30/1984. org. in DE 5/23/11. SSNY desig. as Office location: NY County. Princ. NY County. LLC formed in Delaware Dovir Creative LLC. Office location: SSNY designated agent of LLC upon agent of LLC upon whom process bus. addr.: 100 Universal City Plz., (DE) on 10/16/08. Princ. office of LLC: NY County. LLC formed in DE on whom process against it may be against it may be served. SSNY shall Universal City, CA 91608. LLC formed 485 Madison Ave., 23rd Fl., NY, NY 5/18/11. NY Sec. of State designated served & shall mail process to: 500 mail copy of proc. to Daniel Abrams, in DE on 11/8/01. NY Sec. of State 10022. SSNY designated as agent of agent of LLC upon whom process W. Jefferson St Ste 700, Louisville, Atrium Holding Co., 1114 Ave of the designated agent of LLC upon whom LLC upon whom process against it may against it may be served and shall KY 40202. Principal Office: 500 W. Americas, 39th Fl., NY, NY 10036, the process against it may be served and be served. SSNY shall mail process to mail process to: c/o CT Corporation Jefferson St Ste 700, Louisville, KY Reg. Agt. upon whom proc. may be shall mail process to: c/o CT c/o Corporation Service Co., 80 State System, 111 8th Ave., NY, NY 10011, 40202. Arts. of Org. filed with KY served. DE off. addr.: 160 Greentree Corporation System, 111 8th Ave., NY, St., Albany, NY 12207-2543. DE addr. regd. agent upon whom process may Sec Of State, Div. of Corp. Business Dr., Ste. 101, Dover, DE 19904. Cert. NY 10011, regd. agent upon whom of LLC: 2711 Centerville Rd., Ste. 400, be served. DE addr. of LLC: 1209 Filings, POB 718, Frankfort, KY of Form. on file: SSDE, Townsend process may be served. DE addr. of Wilmington, DE 19808. Cert. of Form. Orange St., Wilmington, DE 19801. 40602. Purpose: General. Bldg., Dover, DE 19901. Purp.: any LLC: c/o The Corporation Trust Co., filed with Secy. of State of DE, 401 Cert. of Form. filed with DE Sec. of lawful activities. 1209 Orange St., Wilmington, DE Federal St., Ste. 4, Dover, DE 19901. State, 401 Federal St., Dover, DE NOTICE OF FORMATION of Sibling 19801. Cert. of Form. filed with DE Sec. Purpose: Any lawful activity. 19901. Purpose: all lawful purposes. Rivalry Design LLC. Arts. of Org. filed Notice of Formation of TICKET of State, 401 Federal St., Dover, DE with the Sec. of State of NY (SSNY) BOOSTER, LLC. Arts Of Org filed 19901. Purpose: all lawful purposes. NOTICE OF FORMATION OF Sue Notice of formation of Newhouse 7/19/11. Office location: New York Co. with Secy Of State of NY (SSNY) on Panzer Consulting LLC. Arts of Org Enterprise LLC. Arts of Org filed with SSNY designated as agent of LLC June 17, 2011. Office location: NY filed with the Secy of State of NY NOTICE OF FORMATION of Pricetag the Secy of State of NY (SSNY) on upon whom process against it may County. SSNY designated as Agent (SSNY) on 8/8/11. Office loc: NY Cty. LLC Art. of Org filed Sec’y of State 7/22/2011. Office loc: NY Cty. SSNY be served, and shall mail process to: upon whom process against it may SSNY designated as agent upon (SSNY) 7/29/11. Office location: New designated as agent upon whom c/o Stuart A. Ditsky, 475 Park Avenue be served. SSNY shall mail process whom process may be served and York County. SSNY designated as process may be served and shall mail South, 24th Floor, New York, NY 10016. to: 245 Park Ave., NY, NY 10167. shall mail a copy of any process to agent of LLC upon whom process process to: United States Corporation Purpose: Any lawful business. Purpose: Any Lawful Purpose. against it may be served. SSNY shall the principal business address: 200 Agents Inc., 7014 13th Ave, Suite 202, W. 79th St, Apt. 15K, NY, NY 10024. mail copy of process to 801 Amsterdam Brooklyn 11228. Principal business Notice of Formation of Central Park Notice of Formation of Integrity Ave, Suite 9A, New York, NY 10025. Purpose: any lawful acts. Publishers, LLC. Arts of Org. filed address: 200 Rector Pl #36N, NY, NY Management Holdings, LLC. Arts. of Purpose: any lawful activities. 10280. Purpose: any lawful activities. with Secretary of State of NY (SSNY) Org. filed with Secy. of State of NY Notice of Formation of Hilda on 7/11/2011. Office location: NY (SSNY) on 07/12/11. Office location: Chazanovitz & Company, LLC. Arts. Affiliated Dermatology, PLLC. Arts of Notice of Formation of 53 Broadway County. SSNY designated as agent NY County. SSNY designated as of Org. filed with Secy. of State of NY Org filed w/Sec of State of NY (SSNY) Note LLC. Arts. of Org. filed with Secy. of LLC upon whom process against agent of LLC upon whom process (SSNY) on 6/15/11. Office location: on 6/30/11. Office location: NY County. of State of NY (SSNY) on 8/8/11. it may be served. SSNY shall mail against it may be served. SSNY shall NY County. SSNY designated as SSNY designated as agent for service Office location: NY County. SSNY process to: The LLC, 115 Central mail process to LLC: 15 Broad St, agent of LLC upon whom process of process against PLLC and shall designated as agent of LLC upon Park West 15C, New York, NY Ste. 1400, NY, NY 10005. Purpose: against it may be served. SSNY shall mail copy to L. Witman, Witman whom process against it may be 10023. Purpose: any lawful activity. any lawful activity. Stadtmauer, P.A., 26 Columbia Tpke, mail process to: The LLC, 755 West served. SSNY shall mail process to: End Ave., NY, NY 10025. Purpose: Florham Park, NJ 07932. Purpose: any c/o The LLC, 711 Fifth Ave., NY, NY NOTICE OF FORMATION OF Gerard Notice of Formation of 15 Vellano any lawful activity. lawful activity. Principal address: 35 10022. Purpose: any lawful activity. Capital, LLC. Arts of Org filed with Drive LLC. Arts. of Org. filed with Secy. East 35th St. Ste. 208, NY, NY 10016. the Secy of State of NY (SSNY) on of State of NY (SSNY) on 7/29/11. Notice of Formation of Matthew L. 05/09/11. Ofc loc: NY Cty. SSNY FASHION FINDERS LLC, a domestic Office location: NY County. SSNY Notice of Formation of KNOCKOUT Levine, PLLC. Arts. of Org. filed with desig. agent upon whom process Limited Liability Company (LLC), filed designated as agent of LLC upon REDHEAD, LLC. Arts. of Org. filed Secy. of State of NY (SSNY) on 7/7/11. may be served and shall mail process with the Sec of State of NY on 6/17/11. whom process against it may be with Secy. of State of NY (SSNY) on Office location: NY Co. SSNY desig- to: United States Corp Agents, Inc., NY Office location: New York County. served. SSNY shall mail process to: 7/29/2011. Office location: NY nated as agent of LLC upon whom 7014 13th Ave, Ste 202, Bklyn, NY SSNY is designated as agent upon c/o Shamberg Marwell Davis & Hollis, County. Princ. office of LLC: 301 W. process against it may be served. 11228. Princ bus addr: 300 E 40th whom process against the LLC may 55 Smith Ave., Mt. Kisco, NY 10549, 108th St.- Ste. 6A, NY, NY 10025. SSNY shall mail process to: Matthew St., #7D NY, NY 10016. Purpose: any be served. SSNY shall mail a copy of Attn: John S. Marwell, Esq. Purpose: SSNY designated as agent of LLC L. Levine, Esq., 565 Fifth Ave., 7th Fl., lawful acts. any process against the LLC served any lawful activity. upon whom process against it may NY, NY, 10017, also the registered upon him/her to The LLC, 425 E. 58th agent. Purpose: practice the profes- be served. SSNY shall mail process St., NY, NY 10022. General Purposes. TRICKSTER FIGURE FILMS LLC, a Notice of Formation of One Click for to the LLC at the addr. of its princ. sion of law and any lawful activities. domestic Limited Liability Company Shellfish, LLC. Arts. of Org. with office. Purpose: Any lawful activity. (LLC), filed with the Sec of State of Secy. of State of NY (SSNY) on Notice of Formation of ICER OF BlackSteel Capital Group LLC. filed NY on 7/8/11. NY Office location: New 2159 LLC. Arts. of 06/21/2011. Office location: NY County. P-S-P SERVICES, LLC, a domestic with Secy. of State of NY (SSNY) on York County. SSNY is designated as Org. filed with Secy. of State of NY SSNY designated as agent of LLC Limited Liability Company (LLC), 7/11/11. Ofc in NY Cty. SSNY des- agent upon whom process against (SSNY) on 6/29/11. Office location: upon whom process against it may filed with the Sec of State of NY on ignated agent of LLC upon whom the LLC may be served. SSNY shall NY Co. SSNY designated as agent be served. SSNY shall mail process 5/2/11. NY Office location: New process against it may be served. mail a copy of any process against the of LLC upon whom process against to: 106 Lake Ave., Apt. 2, Yonkers, York County. SSNY is designated as SSNY shall mail process to: c/o LLC served upon him/her to Loring it may be served. SSNY shall mail NY 10703. General Purposes. agent upon whom process against United States Corporation Agents, Inc., Mcalpin, 39 Great Jones St., #7, NY, process to: The LLC, 1385 Broadway, the LLC may be served. SSNY shall 7014 13th Ave., Ste 202, Brooklyn, NY 10012. General Purposes. ZEROCINQUEQUATTRO LLC, a 16th Fl., NY, NY 10018. Purpose: NY 11228. Purpose: General. mail a copy of any process against any lawful activities. domestic Limited Liability Company the LLC served upon him/her to The Notice is hereby given that a license, (LLC), filed with the Sec of State of LLC, 327 W. 36th St., Ste. 400, NY, NOTICE OF QUALIFICATION of number 1256566 for wine and beer NY on 5/13/11. NY Office location: Notice is hereby given that a license DMW3 Associates, LLC. App for NY 10018. General Purposes. Latest (#TBA) for LIQUOR has been applied has been applied for by the under- NEW YORK County. SSNY is desig- date to dissolve 5/2/2041. Auth filed with the Secy of State of signed to sell wine and beer at retail nated as agent upon whom process for by CHAPEAU TCG, LLC at retail, NY (SSNY) on 7/21/11. Office loc: NY in a Restaurant, under the ABC Law in a restaurant under the Alcoholic against the LLC may be served. SSNY Notice of Qualification of The Apparel Cty. LLC formed CT on 5/5/11. SSNY Beverage Control Law at 463 7th shall mail a copy of any process at 1055 FIRST AVE. NY, NY 10022 designated as an agent upon whom Maker, LLC. Authority filed with NY for on-premises consumption. Avenue, New York, New York 10018 against the LLC served upon him/her Dept. of State on 7/15/11. Office process may be served and shall mail for on premises consumption. to Richard K. Eng, Esq., 100 location: NY County. Princ. bus. addr.: process to the principal business Applicant- Andrews Thirty Fifth Street Lafayette St., Ste. 403, New York, Notice of Qualification of HGI Real address: 28 Tarrywile Lake Rd, 883 Trinity Dr., Lewisville, TX 75056. Estate, LLC. Authority filed with NY Coffee Shop Inc. NY 10013. General Purposes. LLC formed in DE on 7/1/11. NY Sec. Danbury, CT 06810. CT address of Dept. of State on 8/4/11. Office LLC: 28 Tarrywile Lake Rd, Danbury, of State designated agent of LLC location: NY County. LLC formed in NOTICE OF FORMATION of 333 Fish Notice of Formation of 22 ML Group, upon whom process against it may be CT 06810. Certificate of LLC filed Tacos NY 1, LLC, Arts of Org filed w LLC. Arts. of Org. filed with NY Dept. DE on 6/24/11. NY Sec. of State with Secy of State of CT located at served and shall mail process to: CT designated agent of LLC upon whom SSNY on 6/22/11 in NY County. of State on 5/24/11. Office location: Corporation System, 111 8th Ave., Office of the Secy of State, State of SSNY designated as agent upon NY County. Princ. bus. addr.: 600 process against it may be served and CT, 30 Trinity St. Hartford, CT 06115. 13th Fl., NY, NY 10011. DE addr. of shall mail process to: CT Corporation whom process may be served and Madison Ave., 17th Fl., NY, NY 10022. LLC: c/o The Corporation Trust Co., Purpose: any lawful acts. shall mail a copy of any process to Sec. of State designated agent of LLC System, 111 8th Ave., NY, NY 10011. 1209 Orange St., Wilmington, DE DE address of LLC: 1209 Orange St., Corporation Service Co., 80 State upon whom process against it may 19801. Cert. of Form. filed with DE Sec. Notice of Application of Foreign St., Albany, NY 12207. Principal be served and shall mail process to: Wilmington, DE 19801. Cert. of of State, 401 Federal St., Dover, DE Form. filed with DE Sec. of State, Limited Liability Company of Bowside business address: 56 W 22 St., NY, c/o CT Corporation System, 111 8th 19901. Purpose: all lawful purposes. Fund II GP, LLC (LLC) Authority filed NY 10010. Purpose: any lawful act. Ave., NY, NY 10011, regd. agent 401 Federal St., Dover, DE 19901. Purpose: any lawful activity. with NY Secretary of State (SSNY): upon whom process may be served. Notice of Qualification of August 1st, 2011. LLC organized in Notice is hereby given that a license Purpose: any lawful activity. Knickerbocker Hotel Leasing GP, Notice of Qualification of DailyCandy, Delaware on June 15, 2011. NY Office (#TBA) for LIQUOR has been applied L.L.C. Authority filed with NY Dept. location: New York County, New York. NOTICE OF FORMATION of Fifteen LLC. Authority filed with NY Dept. of for by CHIPOTLE MEXICAN GRILL of State on 7/25/11. Office location: Principal bus. location: c/o Bowside OF COLORADO LLC at retail, in a Degrees LLC. Articles of Organization NY County. Princ. bus. addr.: 545 E. State on 7/7/11. Office location: NY filed with the Secretary of State of NY County. Princ. bus. addr.: 100 Capital, LLC, 954 Lexington Ave., #301, Restaurant, under the ABC Law at John Carpenter Fwy., Ste. 1300, NY, NY 10021. SSNY designated as 281 BROADWAY NY, NY 10007 for (SSNY) on 06/29/11. Office location: Universal City Plz., Universal City, CA Irving, TX 75062. LLC formed in DE agent of LLC upon whom process on-premises consumption. NY County. SSNY has been desig- on 7/22/11. NY Sec. of State desig- 91608. LLC formed in DE on 1/27/00. nated as agent upon whom process NY Sec. of State designated agent of against it may be served. SSNY shall nated agent of LLC upon whom mail copy of process to c/o Bowside Notice of Formation of Toll GC II LLC. against it may be served. The Post process against it may be served LLC upon whom process against it Arts. of Org. filed with NY Dept. of Office address to which the SSNY and shall mail process to: c/o CT may be served and shall mail process Capital, LLC, 954 Lexington Ave., #301, State on 8/8/11. Office location: NY shall mail a copy of any process Corporation System, 111 8th Ave., to: c/o CT Corporation System, 111 NY, NY 10021. Name and address of County. Princ. bus. addr.: 250 against the LLC served upon him is NY, NY 10011, regd. agent upon 8th Ave., NY, NY 10011, regd. agent each general partner is available from Gibraltar Rd., Horsham, PA 19044. C/O Michael McLaurin, 27 East 21st whom process may be served. DE upon whom process may be served. SSNY. DE addr. of LLC: 2711 Sec. of State designated agent of Street, Suite 200, New York, NY addr. of LLC: c/o The Corporation DE addr. of LLC: c/o The Corporation Centerville Rd., Ste. 400, Wilmington, LLC upon whom process against it 10010. Purpose of LLC: to engage Trust Co., 1209 Orange St., Trust Co., 1209 Orange St., DE 19808. Cert. of LP on file with may be served and shall mail in any lawful act or activity. Street Wilmington, DE 19801. Cert. of Wilmington, DE 19801. Cert. of Form. Jeffrey W. Bullock, Secy. Of State, Div. process to: c/o CT Corporation address of Principal Business loca- Form. filed with DE Sec. of State, filed with DE Sec. of State, 401 Federal of Corps, John G. Townsend Bldg., System, 111 8th Ave., NY, NY 10011. tion is: 27 East 21st Street, Suite 401 Federal St., Dover, DE 19901. St., Dover, DE 19901. Purpose: all 401 Federal St-Ste. 4, Dover, DE Purpose: any lawful activity. 200, New York, NY 10010. Purpose: all lawful purposes. lawful purposes. 19901. Purpose: Any lawful activity.

40 | Crain’s New York Business | September 12, 2011 nb37p37-40cl.qxp 9/8/11 8:10 PM Page 41

PUBLIC & LEGAL NOTICES

Notice of Application for Authority of Notice of Qualification of Kal-Vin Notice of Qualification of Obika NY Notice of Qualification of MAGEBA Notice of Qualification of GENERAL Bowside Capital Fund II, L.P. (LP) Construction Management, LLC. Madison LLC. Authority filed with USA LLC. Authority filed with Secy. of SMALL BUSINESS PARTNER, LLC. Authority filed with NY Secretary of Authority filed with NY Dept. of State Secy. of State of NY (SSNY) on State of NY (SSNY) on 07/25/11. Authority filed with Secy. of State of State (SSNY): August 1st 2011. LP on 7/8/11. Office location: NY County. 7/25/11. Office location: NY County. Office location: NY County. LLC NY (SSNY) on 8/23/11. Office location: organized in Delaware on June 15, LLC formed in NH on 5/10/11. NY Sec. LLC formed in Delaware (DE) on formed in Delaware (DE) on 04/29/11. NY County. LLC formed in Delaware 2011. NY Office location: New York of State designated agent of LLC 4/18/11. SSNY designated as agent SSNY designated as agent of LLC (DE) on 3/17/11. Princ. office of LLC: County, New York. Principal bus. upon whom process against it may of LLC upon whom process against it upon whom process against it may be c/o Healthcare Finance Group, LLC, location: c/o Bowside Fund II GP, be served and shall mail process to: may be served. SSNY shall mail served. SSNY shall mail process to c/o 199 Water St., 31st Fl., NY, NY 10038. LLC, 954 Lexington Ave., #301, NY, c/o CT Corporation System, 111 8th process to: Obika USA LLC, 2700 Pavia & Harcourt LLP, Attn: John R. SSNY designated as agent of LLC NY 10021. SSNY designated as agent Ave., NY, NY 10011, regd. agent Neilson Way, #625, Santa Monica, CA Firestone, Esq., 590 Madison Ave., 8th upon whom process against it may be upon whom process may be served. Fl., NY, NY 10022. DE addr. of LLC: of LP upon whom process against it 90405, also the principal office served. SSNY shall mail process to NH and principal business addr.: 66 address. Address to be maintained in 2711 Centerville Rd., Ste. 400, the LLC at the addr. of its princ. office. may be served. SSNY shall mail copy Dracut Rd., Hudson, NH 03051. Cert. Wilmington, DE 19808. Cert. of Form. DE: Incorporating Services, Ltd., 3500 DE addr. of LLC: c/o Corporation of process to c/o Bowside Fund II GP, of Org. filed with NH Sec. of State, filed with DE Secy. of State, Div. of LLC, 954 Lexington Ave., #301, NY, South DuPont Hwy, Dover, DE 19901. Service Co., 2711 Centerville Rd., Ste. 107 N. Main St., Concord, NH Arts of Org. filed with the DE Secretary Corps., 401 Federal St. - Ste. 4, Dover, NY 10021, is the registered agent of 03301. Purpose: all lawful purposes. DE 19901. Purpose: Any lawful activity. 400, Wilmington, DE 19808. Cert. of of State, PO Box 898, Dover, DE 19903. Form. filed with Secy. of State of DE, LP upon whom process against it may Purpose: any lawful activities. be served. Name and address of each Notice of Formation of BESPOKE Automobile Safe Drivers Club LLC. Div. of Corps., John G. Townsend Bldg., general partner is available from SSNY. THEATRICALS LLC. Arts. of Org. filed Notice of Formation of Paradise Arts. of Org. filed with Secy. of State 401 Federal St., Ste. 4, Dover, DE DE addr. Of LP: c/o Corporation with Secy. of State of NY (SSNY) on Jerome, LLC. Articles of Org. filed of NY (SSNY) on 5/23/11. Office in 19901. Purpose: Any lawful activity. Service Co, 2711 Centerville Rd., Ste. 8/9/11. Office location: NY County. with Secy. of State of NY (SSNY) on NY County. SSNY designated agent 400, Wilmington, DE 19808. Cert. of Princ. office of LLC: 230 W. 41st St., 07/13/11. Office loc.: NY Co. SSNY of LLC upon whom process against NOTICE OF FORMATION OF Elland LP on file with Jeffrey W. Bullock, Ste. 1703, NY, NY 10036. SSNY des- designated as agent of LLC upon it may be served. SSNY shall mail Road Enterprises LLC. Arts of Org filed with the Secy of State of NY Secy. Of State, Div. of Corps, John ignated as agent of LLC upon whom whom process against it may be process to Jack Franco, 110 W. 32nd process against it may be served. SSNY served. SSNY shall mail process to the St - 8th Fl, NY, NY 10001. Purpose: (SSNY) on 06/20/11. Office loc: KINGS G. Townsend Bldg., 401 Federal St- Cty. SSNY designated as agent upon Ste. 4, Dover, DE 19901. Purpose: shall mail process to M. Graham LLC, c/o Robinson Brog, et al., Attn: General. Coleman, Esq., Davis Wright Tremaine whom process may be served and Any lawful activity. Neil S. Goldstein, Esq., 875 Third Ave., LLP, 1633 Broadway, 27th Fl., NY, NY 9th Fl, New York, NY 10022. Purpose: Notice of Formation of Aviv shall mail process to: Imelda Vasquez 10019. Purpose: Any lawful activity. any lawful act or activity. Associates, LLC. Arts. of Org. filed C/O LegalZoom.com, Inc., 101 N. Notice of Formation of Melissa Brand Blvd., 11th Fl, Glendale, CA Schiller Art, LLC. Arts. of Org. filed with Secy. of State of NY (SSNY) on Notice of Qualification of 574 Fifth Notice of Formation of SNUG THEORY, 6/9/11. Office location: NY County. 91203. Principal business address: with NY Dept. of State on 4/15/11. Avenue Owner LLC. Authority filed 200 W 90th St, Ste 4C, NY, NY Office location: NY County. Princ. bus. LLC. Arts. of Org. filed with Secy. of SSNY designated as agent of LLC with NY Dept. of State: 7/22/11. Office State of NY (SSNY) on 10/27/10. upon whom process against it may 10024. Purpose: any lawful acts. addr.: 5 Harrison St., Apt. PH, NY, NY location: NY County. Princ. bus. addr.: 10013. Sec. of State designated agent Office location: NY County. SSNY be served. SSNY shall mail process 805 3rd Ave., 7th Fl., NY, NY 10022. designated as agent of LLC upon to: c/o R.A. Cohen & Associates, Notice of Formation of New York of LLC upon whom process against it LLC formed in DE: 7/19/11. NY Sec. Physician, PLLC. Arts. of Org. filed may be served and shall mail process whom process against it may be Inc., 60 E. 42nd St., Ste. 850, NY, NY of State designated agent of LLC upon served. SSNY shall mail process to c/o 10165. Purpose: any lawful activity. with Secy. of State of NY (SSNY) on to: c/o CT Corporation System, 111 whom process against it may be 6/10/11. Office location: NY County. 8th Ave., NY, NY 10011, regd. agent United States Corporation Agents, Inc., served and shall mail process to: c/o 7014 13th Ave., Ste. 202, Brooklyn, HEALTHYUS, LLC Articles of SSNY designated as agent of PLLC upon whom process may be served. CT Corporation System, 111 8th Ave., upon whom process against it may Purpose: any lawful activity. NY 11228, regd. agent upon whom Organization filed with NY Sec. of NY, NY 10011, regd. agent upon whom and at which process may be State (SSNY) 7/26/2011. Office is be served. SSNY shall mail process process may be served. DE addr. of served. Purpose: Any lawful activity. located in NY Co. SSNY designated to: New York Physician, PLLC, 350 OPPCAP GROUP LLC, a foreign LLC: 1209 Orange St., Wilmington, DE 5th Ave., 59th FLR, NY, NY 10118. Limited Liability Company (LLC) filed as agent of the LLC upon whom 19801. Cert. of Form. filed with DE Sec. Notice of Formation of OH SOUND- Purpose: Medical Services. with the Sec of State of NY (SSNY) on process may be served. SSNY shall of State, 401 Federal St., Dover, DE VIEW AVENUE, L.P. Certificate filed 4/15/11. NY office Location: New mail copy of process to Attn: Henry 19901. Purpose: any lawful activity. with Secy. of State of N.Y. (SSNY) on NOTICE OF FORMATION OF Tripp York County. SSNY is designated as Eng, 175 W. 12TH St., #14J, NY, NY 5/7/10. Office location: New York Capital LLC. Arts of Org filed with the agent upon whom process against 10011. Purpose: Any lawful purpose. Notice of Qual. of 371 Seventh Avenue County. SSNY designated as agent of Secy of State of NY (SSNY) on the LLC may be served. SSNY shall Co., Lessee LLC, Auth. filed Sec’y of LP upon whom process against it may 7/21/11. Office location: NY County. mail a copy of any process against the Notice of Formation of SEABURYJJF State (SSNY) 7/13/11. Office loc.: NY be served. SSNY shall mail process SSNY has been designated as agent LLC served upon him/her to Francis CAPITAL LLC. Arts. Of Org. filed County. LLC org. in DE 7/7/11. SSNY to: The LP, 95 Pine St., 17th Fl., New upon whom process may be served Hager, 14 Deer Path Ln., Berkeley w/Sec of State of NY on 4/08/2011. desig. as agent of LLC upon whom York, NY 10005. Name/address of and shall mail a copy of any process Hts., NJ 07922. General purposes. Office loc.: NY County. SSNY desig- process against it may be served. each genl. ptr. available from SSNY. nated as agent upon whom process to the principal business address: SSNY shall mail copy of proc. to David 125 E. 82nd St - 9th Fl, NY, NY Name: LIMEKILN REAL ESTATE Term: until 12/31/2057. Purpose: any against it may be served. SSNY Duncan c/o Denihan Hospitality Group, lawful activity. shall mail process to: The LLC, 800 10028. Purpose: any lawful acts. ADVISORS, LLC Art. Of Org. Filed Sec. 551 5th Ave., NY, NY 10176, the Reg. Of State of NY 07/08/2011. Off. Loc.: Third Av., 37th Fl, NY NY 10022. Agt. upon whom proc. may be served. Notice of Formation of SM 64TH Purpose: any lawful act or activity. NOTICE OF FORMATION OF LIMITED New York Co. SSNY designated as DE off. addr.: 160 Greentree Dr., Ste. STREET HOLDINGS LLC. Arts. of LIABILITY COMPANY. NAME: agent upon whom process against it 101, Dover, DE 19904. Cert. of Form. Org. filed with Secy. of State of NY NOTICE OF FORMATION OF DRYBAR ABSOLUTE BEST CARE TRADEMARKS, may be served. SSNY to mail copy of on file: SSDE, Townsend Bldg., Dover, (SSNY) on 8/5/11. Office location: NY LLC. Articles of Organization were process to THE LLC, 91 Central Park 56th STREET LLC. Arts of Org filed DE 19901. Purp.: any lawful activities. County. SSNY designated as agent with the Secy of State of NY (SSNY) filed with the Secretary of State of West, #7B, New York, NY 10023. of LLC upon whom process against New York (SSNY) on 07/15/11. Office Purpose: Any lawful act or activity. on 05/20/11. Office loc: Ny Cty. SSNY JGL NORTH AMERICA LLC, a it may be served. SSNY shall mail designated as agent upon whom location: New York County. SSNY has domestic Limited Liability Company process to: c/o Cooley LLP, 1114 been designated as agent of the LLC Notice of Formation of MP GARDENS process may be served and shall mail (LLC), filed with the Sec of State of Ave. of the Americas, 46th Fl., NY, a copy of any process to: c/o Business upon whom process against it may be LLC. Arts. of Org. filed with Secy. of NY on 2/10/11. NY Office location: NY 10036, Attn: Benjamin Pierson, served. SSNY shall mail a copy of State of NY (SSNY) on 7/13/11. Office Filings Inc. 187 Wolf Rd, Ste 101, New York County. SSNY is designated Esq. Purpose: any lawful activity. Albany, NY 12205. Principal business process to the LLC, 274 Madison location: NY County. SSNY designated as agent upon whom process against Avenue, New York, New York 10016. as agent of LLC upon whom process address: 119 W. 56th Street, NY, NY the LLC may be served. SSNY shall Notice of Qualification of U.S. 10019. Purpose: any lawful acts. Purpose: For any lawful purpose. against it may be served. SSNY shall mail a copy of any process against Residential Group LLC. Authority mail process to: The LLC, 545 Fifth the LLC served upon him/her to The filed with Secy. of State of NY (SSNY) Notice of Formation of Worldwide Notice of Formation of EAST RIVER Ave., Ste. 600, NY, NY 10017. LLC, 310 W. 79th St., Apt. 8ER, NY, on 8/8/11. Office location: NY County. PRESERVATION MANAGEMENT, LLC. Purpose: any lawful purpose. Food Solutions LLC. Articles of NY 10024. General Purposes. LLC formed in Texas (TX) on 7/12/11. Organization filed with the Secretary Arts. of Org. filed with Secy. of State SSNY designated as agent of LLC of State of New York (SSNY) on of NY (SSNY) on 7/26/2011. Office 7 WEST 129TH STREET, LLC Articles NOTICE OF FORMATION OF Jessica upon whom process against it may 06/10/2011. Office location: NY location: NY County. Princ. office of of Org. filed NY Sec. of State (SSNY) Robinson Jewelry, LLC. Arts of Org be served. SSNY shall mail process County. SSNY has been designated LLC: c/o Preservation Development 7/22/2011. Office in NY Co. SSNY filed with the Secy of State of NY to: The LLC, 4100 Midway Rd., as agent of the LLC upon whom Holdings LLC, 641 Lexington Ave., 15th desig. agent of LLC upon whom (SSNY) on 08/01/11. Office loc: NY Cty. Carrollton, TX 75007, also the prin- process against it may be served. Fl., NY, NY 10022. SSNY designated process may be served. SSNY shall SSNY designated as agent upon whom cipal office address and address to SSNY shall mail a copy of process to as agent of LLC upon whom process mail copy of process to 2117 5th Ave., process may be served and shall mail be maintained in TX. Arts of Org. the LLC, 17 Battery Place, Suite 640, against it may be served. SSNY shall Apt. #3, NY, NY 10035, which is also process to the principal business filed with the TX Secretary of State, New York, NY 10004. Purpose: Any mail process to c/o East River the principal business location. address: c/o Jessica Robinson, 10 E 1019 Brazos, Austin, TX 78701. lawful purpose or activity. Preservation Development, LLC, 641 Purpose: Any lawful purpose. 13th St, Apt PHG, NY, NY 10003. Purpose: any lawful activities. Lexington Ave., 15th Fl., NY, NY Purpose: any lawful acts. Notice of Qualification of RELATED 10022. Purpose: Any lawful activity. Notice of Qualification of Tiger Notice of Qualification of SYDLING RECOVERY FUND AGW LLC. Auth- Accelerator Seed Holdings, L.P. Notice of Qualification of AREP 55 FUTURES MANAGEMENT LLC. Notice of Qualification of Bedrocket ority filed with Secy. of State of NY Authority filed with NY Dept. of State RESIDENTIAL LLC. Authority filed Authority filed with Secy. of State of NY Media Ventures, LLC. Authority filed on 6/3/11. Office location: NY County. with Secy. of State of NY (SSNY) on (SSNY) on 8/5/11. Office location: NY (SSNY) on 07/18/11. Office location: with NY Dept. of State on 7/27/11. LP formed in DE on 5/26/11. NY Sec. 07/19/11. Office location: NY County. County. LLC formed in Delaware (DE) NY County. LLC formed in Delaware Office location: NY County. Princ. of State designated agent of LP upon LLC formed in Delaware (DE) on on 8/4/11. Princ. office of LLC: Attn: (DE) on 07/15/11. Princ. office of LLC: bus. addr.: 401 W. 14th St., 4th Fl., whom process against it may be 07/18/11. Princ. office of LLC: 505 Jerry Pascucci, 1285 Ave. of the 60 Columbus Circle, NY, NY 10023. NY, NY 10014. LLC formed in DE on served and shall mail process to: Park Ave., 21st Fl., NY, NY 10022. Americas, NY, NY 10019. SSNY SSNY designated as agent of LLC 3/19/10. NY Sec. of State designated Tiger Accelerator L.L.C., c/o Tiger SSNY designated as agent of LLC designated as agent of LLC upon upon whom process against it may agent of LLC upon whom process Management Advisors L.L.C., 101 upon whom process against it may be whom process against it may be be served. SSNY shall mail process against it may be served and shall Park Ave., NY, NY 10178, principal served. SSNY shall mail process to served. SSNY shall mail process to the to c/o Corporation Service Co. (CSC), mail process to: c/o CT Corporation business addr. DE addr. of LP: c/o c/o Corporation Service Co. (CSC), LLC at the princ. office of the LLC. DE 80 State St., Albany, NY 12207. DE System, 111 8th Ave., NY, NY 10011, National Registered Agents, Inc., 160 80 State St., Albany, NY 12207. DE addr. of LLC: c/o Corporation Service addr. of LLC: c/o CSC, 2711 regd. agent upon whom process may Greentree Dr., Ste. 101, Dover, DE addr. of LLC: c/o CSC, 2711 Co., 2711 Centerville Rd., Ste. 400, Centerville Rd., Ste. 400, Wilmington, be served. DE addr. of LLC: 2711 19904. Name/addr. of genl. ptr. Centerville Rd., Ste. 400, Wilmington, Wilmington, DE 19808. Cert. of Form. DE 19808. Cert. of Form. filed with Centerville Rd., Ste. 400, Wilmington, available from NY Sec. of State. Cert. DE 19808. Cert. of Form. filed with filed with DE Secy. of State, Div. of Secy. of State of DE, John G. DE 19808. Cert. of Form. filed with of LP filed with DE Sec. of State, 401 Jeffrey W. Bullock, Secy. of State of Corps., John G. Townsend Bldg., 401 Townsend Bldg., Federal and Duke DE Sec. of State, Federal & Duke of Federal St., Dover, DE 19901. DE, 401 Federal St., Dover, DE Federal St., Ste. 4, Dover, DE 19901. of York Sts., Dover, DE 19901. York Sts., Dover, DE 19901. Purpose: Purpose: any lawful activity. 19901. Purpose: Any lawful activity. Purpose: Any lawful activity. Purpose: Any lawful activity. all lawful purposes.

September 12, 2011 | Crain’s New York Business | 41 20110912-NEWS--0042-NAT-CCI-CN_-- 9/9/2011 10:52 AM Page 1

FOR THE RECORD

make inquiries, contact Shaneza building. CB Richard Ellis’ Roshan between Aug. 24 and Aug. 26, in a Shinath at (718) 546-0684 or Shah represented the tenant, while transaction worth $8,205,830. He now ABOUT THIS SECTION [email protected]. Cushman & Wakefield Inc.’s John indirectly holds 543,175 shares. Cefaly and Gus Field represented FOR THE RECORD is a weekly listing of information from the public record that ● Department of Housing Preservation landlord HJ Kalikow & Co. The asking ● Overseas Shipholding Group Inc. (OSG) can help businesspeople in the New York area find opportunities, potential and Development rent was $100 per square foot. Oudi Recanati, independent director, new clients and updates on competitors. Seeks competitive sealed bids by 11 a.m. purchased 254,342 shares of common To ask questions or get more information on this section, contact Suzanne on Sept. 27 for the installation and ● Fremantle Media signed a lease for stock at prices ranging from $15.00 to Panara at [email protected]. repair of window guards at various 8,000 square feet at 435 Hudson St. The $15.80 between Aug. 23 and Aug. 26, in locations in Manhattan, the Bronx, firm will occupy the fourth floor of the a transaction worth $3,932,746. He now Brooklyn and Queens. To make building. Studley’s Gary Kerper and directly holds 1,404,250 shares. inquiries, contact Brian Saunders at Jeffrey Peck represented the tenant, (212) 863-6590 or while Peter Fontanetta and Marc Charles A. Fribourg, independent BANKRUPTCIES claims are Swimming Pool, [email protected]. Packman represented landlord Trinity director, purchased 136,360 shares owed $34,398; Jerome Gillman Real Estate internally.The asking rent of common stock at prices ranging The following listings are selected from the Consulting, owed $23,089.30; and GOODS AND SERVICES was $40 per square foot. from $14.99 to $15.54 between most recent available filings by companies Katrina Kapp, owed $17,046.06. ● Department of Citywide Aug. 19 and Aug. 26, in a transaction seeking bankruptcy protection in the Administrative Services ● Fortune Financial Guaranty signed a worth $2,079,722. On Aug. 30, he Southern and Eastern Districts of New ● World Laundry Realty Inc. Seeks competitive sealed bids by 10:30 five-year sublease for 4,700 square feet purchased 57,000 shares of common York. Information was obtained from U.S. 73 Empire Blvd., Brooklyn a.m. on Sept. 28 for scuba dry suits and at 415 Madison Ave. The firm will stock at prices ranging from $17.55 to Bankruptcy Court records available on Filed for Chapter 11 bankruptcy accessories. To make inquiries, contact occupy space on the 13th floor of the $18.75, in a transaction worth Public Access to Court Electronic Records. protection on Aug. 10. The filing cites Anna Wong at (212) 669-8610 or building. Lawrence & Co.’s Lily Lin $1,040,023. He now indirectly holds Listings are in alphabetical order. estimated liabilities of $100,001 to [email protected]. represented the tenant, while CB 1,337,940 shares. $500,000 and estimated assets of $0 to Richard Ellis’ Nicholas Weld ● AJ Jewelry & Watch Inc. $50,000. Among the creditors with the ● Department of Sanitation represented the sublandlord, Demetriou ● Coach Inc. (COH) 168 Church St., Manhattan largest unsecured claims are Hudson Seeks competitive sealed bids by 11 a.m. General Agency.The asking rent was Reed Krakoff, president and executive Filed for Chapter 7 bankruptcy Energy Services, owed $94,101.53; on Oct. 5 for contracts to perform snow $36 per square foot. creative director, exercised options on protection on Aug. 7. The filing cites National Grid, owed $32,114; and the plowing on identified tertiary streets in 251,851 shares of common stock at estimated liabilities of $0 to $50,000 and New York City Water Board, owed designated community districts in the ● The Winthrop Group signed a seven- prices ranging from $29.37 to $32.37 estimated assets of $0 to $50,000. The $8,675.57. Bronx, Brooklyn, Staten Island and year lease for 3,400 square feet at 226 W. between Aug. 24 and Aug. 25, in a creditor holding an unsecured claim is Queens. To make inquiries, contact 37th St. Scott Galin and Peter Simel of transaction worth $7,866,664. During Baltzis Daigle, owed $17,521.18. Cheryl Schlesinger at (646) 885-4536 The Handler Real Estate Organization the same period, he sold 67,469 shares GOVERNMENT CONTRACT or [email protected]. represented the tenant. Bret Maslin of of common stock at prices ranging from ● D. Cusumano Inc. OPPORTUNITIES Adams & Co. represented the landlord. $51.62 to $52.84, in a transaction worth 191 Green St., Valley Stream, L.I. The asking rent was in the mid-$30s per $3,507,504. He now directly holds Filed for Chapter 7 bankruptcy Following are selected contract REAL ESTATE DEALS square foot. 114,534 shares. protection on Aug. 12. The filing cites opportunities recently announced by estimated liabilities of $500,001 to $1 New York City agencies.To learn how to Companies that would like to have details RETAIL ● Inc. (VIA.B) million and estimated assets of $0 to sell goods and services to city government, of their recent transactions appear in these ● Starbucks signed a 10-year lease for DeDe Lea, executive vice president, $50,000. Among the creditors with the visit www.nyc.gov/selltonyc. For a listings should e-mail descriptions 1,200 square feet at 1350 Broadway. The government relations, exercised options largest unsecured claims are Pro-Build, searchable database of current procurement following this format to ELaermer@ tenant will occupy space on the ground on 55,457 shares of common stock at owed $81,236.21; Joseph Cusumano, notices, visit www.nyc.gov/cityrecord. crainsnewyork.com, with “Real floor and the mezzanine. David prices ranging from $32.55 to $36.78 owed $69,200; and State Farm Listings are alphabetical by category and estate transaction” in the subject Firestein of Northwestern Atlantic on Aug. 25, in a transaction worth Insurance, owed $9,787.38. department. line, or enter them online at represented the tenant, while CB $1,984,553. On the same day, she sold crainsnewyork.com/submitadeal. Richard Ellis’ Matthew Chmielecki, 55,457 shares of common stock at prices ● Gotham Plumbing & Sprinkler Corp. CONSTRUCTION SERVICES Deals are listed in order of square footage. Eric Gelber and Andrew Goldberg ranging from $43.87 to $43.99, in a 86-18 Atlantic Ave., Queens ● Brooklyn Bridge Park represented landlord W&H Properties. transaction worth $2,435,704. She now Filed for Chapter 7 bankruptcy Requests proposals by 3 p.m. on Sept. 27 COMMERCIAL The asking rent was $275 per square directly holds 5,395 shares. protection on Aug. 10. The filing cites for operators to construct, operate and ● Rothstein Kass & Co. signed a lease foot. estimated liabilities of $1,000,001 to maintain a seasonal enclosed indoor for 88,000 feet at 1350 Sixth Ave. The ● HMS Holdings Corp. (HMSY) $10 million and estimated assets of recreation structure or bubble to cover firm will remain in its current space on Robert M. Holster, non-executive $100,001 to $500,000. Among the one sports field at Pier 5 in Brooklyn the 10th, 15th and 16th floors, and will STOCK TRANSACTIONS chairman, sold 81,300 shares of creditors with the largest unsecured Bridge Park. To make inquiries, contact expand to the ninth and 14th floors. The common stock at prices ranging from claims are Solco Plumbing Supply Inc., Jennifer Klein at (718) 222-9250 or tenant was represented by Jared Following are recent insider transactions at $25.25 to $26.20 between Aug. 24 and owed $288,916.99; and Plumbers Local [email protected]. Horowitz of Cushman & Wakefield New York’s largest publicly held companies Aug. 30, in a transaction worth Union No. 1, owed $203,059.38. Inc., while landlord SL Green Realty filed with the Securities and Exchange $2,077,890. He now directly holds ● Department of Correction Corp. was represented in-house by Commission by executives and major 378,492 shares. ● Madison 92nd Street Associates Inc. Seeks competitive sealed bids by 11 a.m. Howard Tenenbaum and Gary Rosen. shareholders. Listings are in order of 410 E. 92nd St., Manhattan on Sept. 23 for electrical construction The asking rent was in the mid-$60s per transaction value.The information was ● CIT Group Inc. (CIT) Filed for Chapter 11 bankruptcy work required on an “as needed” basis at square foot. obtained from Thomson Reuters. John A. Thain, chairman and chief protection on Aug. 16. The filing cites Rikers Island. Bid documents can be executive, purchased 40,000 shares of estimated liabilities of $50,000,001 to picked up between 9 a.m. and 3 p.m. at ● Tata Consultancy Services signed a ● Group Co. (MHGC) common stock at prices ranging from $100 million and estimated assets of the Department of Correction, Bulova 10-year lease for 13,200 square feet at Ronald W. Burkle, director, purchased $29.72 to $30.00 on Aug. 23, in a $100,000,001 to $500 million. Among Corporate Center, 75-20 Astoria Blvd., 101 Park Ave. The firm previously 1,338,600 shares of common stock at transaction worth $1,196,304. He now the creditors with the largest unsecured Suite 160, East Elmhurst, Queens. To occupied 10,000 square feet in the prices ranging from $6.07 to $6.24 directly holds 319,575 shares. Ⅲ

PUBLIC & LEGAL NOTICES

Notice of Formation of Partyology, Notice is hereby given that a license The Kronor Group, LLC. Arts of Org Notice is hereby given that a license Notice of Formation of TWO HUSTLERS LLC. Articles of Org. filed with Secy. (#TBA) for LIQUOR has been applied filed with the Secy of State of NY (#TBA) for LIQUOR has been applied LLC. Arts. of Org. filed with Secy. of of State of NY (SSNY) on 04/27/11. for by MULTIMILES LLC at retail, in (SSNY) on 5/23/11. Office loc: NY for by LOTUS BLUE LLC at retail, in State of NY (SSNY) on 8/17/11. Office loc.: NY Co. SSNY designated a Restaurant under the ABC Law Cty. SSNY designated as agent a Restaurant under the ABC Law at Office location: NY County. Princ. as agent of LLC upon whom process at 24 E. 21 ST. NY, NY 10010 for upon whom process may be served 110 READE ST. NY, NY 10013 for office of LLC: 29 Greene St., NY, NY against it may be served. SSNY shall on-premises consumption. and shall mail process: 146 W 57th on-premises consumption. 10013. SSNY designated as agent of mail process to the LLC, c/o St, #51E, NY, NY 10019. Principal LLC upon whom process against it Robinson Brog, et al., Attn: Marshall NOTICE OF FORMATION OF business address: 1230 Avenue of Notice of Qualification of DOBBS may be served. SSNY shall mail J. Gluck, Esq., 875 Third Ave, 9th Fl, Radiology 2nd Opinion, LLC. the Americas, New York, NY 10020. FERRY SHOPPING LLC. Authority process to Davis Wright Tremaine New York, NY 10022. Purpose: any Articles of Organization filed with the Purpose: any lawful acts. filed with Secy. of State of NY (SSNY) LLP, 1633 Broadway, 27th Fl., NY, NY lawful act or activity. Secretary of State of NY (SSNY) on on 8/4/11. Office location: NY County. 10019. Purpose: Any lawful activity. 06/15/11. Office location: NEW YORK NOTICE OF FORMATION OF Answer LLC formed in Delaware (DE) on Notice of Formation of EGA76, LLC. County. SSNY has been designated Tree Genealogy, LLC. Arts of Org 7/29/11. SSNY designated as agent Notice of Formation of Wells Newell Arts. of Org. filed with Secy. of State as agent upon whom process against filed with the Secy of State of NY of LLC upon whom process against it Realty LLC. Arts. of Org. filed with of NY (SSNY) on 8/15/11. Office it may be served. The Post Office (SSNY) on 8/11/11. Ofc. loc. NY Cty. may be served. SSNY shall mail Secy. of State of NY (SSNY) on location: NY County. Princ. office of address to which the SSNY shall mail SSNY designated as agent upon process to c/o Corporation Service Co., 2/9/11. Office location: NY County. LLC: 1057 First Ave., NY, NY 10022. a copy of any process against the LLC whom process may be served and 80 State St., Albany, NY 12207-2543. SSNY designated as agent of LLC SSNY designated as agent of LLC served upon him/her is: 35 White shall mail process to the principal DE addr. of LLC: 2711 Centerville Rd., upon whom process against it may upon whom process against it may be Street, #5, NY, NY 10013. The prin- business addr: Erin Verkhovsky Ste. 400, Wilmington, DE 19808. Cert. be served. SSNY shall mail process served. SSNY shall mail process to cipal business address of the LLC is: Finelli, Answer Tree Genealogy, 1930 of Form. filed with Secy. of State of to: c/o The LLC, 301 E. 79th St., Janet Giaimo Vitale at the princ. office 35 White Street, #5, NY, NY 10013. Broadway, Apt 16G, NY, NY 10023. DE, 401 Federal St., Ste. 4, Dover, DE Ste. 36J, NY, NY 10075. Purpose: of the LLC. Purpose: Any lawful activity. Purpose: any lawful act or activity. Purpose: any lawful acts. 19901. Purpose: Any lawful activity. any lawful activity.

42 | Crain’s New York Business | September 12, 2011 CN014615 9/8/11 2:08 PM Page 1

Meet Crain’s 2011 MOST POWERFUL WOMEN in New York City DATE: MONDAY, Crain’s SEPTEMBER 19, 2011 New York Business PLACE & TIME: recognizes what it means to 583 PARK AVENUE command incredible power in this 12:00-2:00 PM city. On September 19th, Crain’s will honor The 50 Most Powerful Women TICKETS: INDIVIDUALS: $299 in New York City—an authoritative TABLES OF TEN: $3,000 list of the most important female leaders running businesses and TO PURCHASE TICKETS, GO TO: organizations that drive New York’s crainsnewyork.com/events-women economy. Meet these elite women For more information about sponsorship and join Crain’s in commemorating and advertising opportunities, contact Trish Henry at 212.210.0711 or their accomplishments at an [email protected] exclusive luncheon.

THE 50 HONOREES

1. Mary Ann Tighe 11. Mary Callahan Erdoes 21. Shelly Lazarus 31. Deanna Mulligan 41. Dorothy Herman Chief Executive Chief Executive Chairman Chief Executive Chief Executive New York Tri-State Region J.P. Morgan Assest Management Ogilvy & Mather Worldwide The Guardian Life Insurance Company Prudential Douglas Elliman CB Richard Ellis Inc. of America 12. Jill Abramson 22. Merryl Tisch 42. Nancy Peretsman 2. Ruth Porat Managing Editor Chancellor 32. Tina Brown Managing Director Chief Financial Officer New York State Board of Regents Editor-In-Chief Allen & Co. Morgan Stanley Newsweek and The Daily Beast 13. Bonnie Hammer 23. Sheila Birnbaum 43. Diana Taylor 3. Indra Nooyi Chairman Co-Head 33. Ellen Futter Managing Director Chairman and Chief Executive NBC Universal Cable Entertainment Mass Torts and Insurance Litigation Group President Wolfensohn & Co. PepsiCo Inc. and Cable Studios Skadden, Arps, Slate, Meagher, & Flom American Museum of Natural History 44. Jennifer Raab 4. Patricia Harris 14. Marcia Goldstein 24. Sarah Dahlgren 34. Amanda Burden President First Deputy Mayor Chair Head of Bank Supervision Chair Hunter College City of New York Business Finance and Restructuring Group Federal Reserve Bank of New York New York City Planning Commission Weil Gotshal & Manges 45. Judith Rodin 5. Sallie Krawcheck 25. Edith Cooper 35. MaryAnne Gilmartin President President of Global Wealth and 15. Barbara Novick Global Head Executive Vice President The Rockefeller Foundation Investment Management Vice Chairman Human Capital 0Management Forest City Ratner Enterprises Inc. Bank of America BlackRock Inc. Goldman Sachs Group Inc. 46. Suri Kasirer 36. Meredith Whitney President 6. Andrea Jung 16. Janet Robinson 26. Arianna Huffington Chief Executive Kasirer Consulting Chairman and Chief Executive Chief Executive Editor-In-Chief Meredith Whitney Advisory Group Avon Products Inc. The New York Times Co. Huffington Post Media Group 47. Gail Donovan AOL Inc. 37. Linda Addison Chief Operating Officer 7. Katherine Farley 17. Diane von Furstenberg Partner In Charge, New York Continuum Health Partners Senior Managing Director Chairman and Founder 27. Emily Rafferty Fulbright & Jaworski Tishman Speyer Diane von Furstenberg Studio President 48. Tory Burch The Metropolitan Museum of Art 38. Pamela Liebman Co-Founder and Chief Executive 8. Kirsten Gillibrand 18. Candace Beinecke Chief Executive Tory Burch LLC U.S. Senator Chair 28. Pamela Brier The Corcoran Group Inc. Democrat, New York Hughes Hubbard & Reed President and Chief Executive 49. Patricia Lynch Maimonides Medical Center 39. Sandra Lee President 9. Kathryn Wylde 19. Anna Wintour Chief Executive and Editor-In-Chief Patricia Lynch Associates President and Chief Executive Editor-In-Chief 29. Virginia Rometty Sandra Lee Semi-Homemade Inc. Partnership for New York City Vogue Group Executive 50. Darcy Stacom Sales Marketing and Strategy 40. Kay Krill Vice Chairman 10. Christine Quinn 20. Susan Wagner International Business Machines Corp. President and Chief Executive CB Richard Ellis Inc. Speaker Vice Chairman Ann Inc. New York City Council BlackRock Inc. 30. Jane Rosenthal Co-Founder Tribeca Productions / Tribeca Enterprises

SPONSORED BY PRESENTED BY CN014617 9/8/11 2:09 PM Page 1

Tom Potter, co-founder and former CEO of e Brooklyn Brewery

...experienced the power CRAIN’S NEW YORK BUSINESS has to play ‘matchmaker’ in New York. In 2009, Crain’s penned an article about Potter’s next venture: New York Distilling Co., the city’s largest legal distillery since Prohibition, where Potter identified raising the initial capital as his biggest hurdle. As a result of the feature, New York Distilling Co. drew enough investor interest to fully fund the distillery and plan to open in the fall of 2011.

Crain’s New York Business: Making Connections for 25 Years. 20110912-NEWS--0045-NAT-CCI-CN_-- 9/9/2011 7:28 PM Page 1

A former senior colleague said: “He thinks you’re either brilliant or an BofA’s new No. 2 with a bullet idiot. He’s very polarizing.” His ability to motivate people— Continued from Page 1 hundreds of bank branches across proof that Goldman exploited its or scare the heck out of them—was mortgage business … we’re a top- the nation. When it’s all over, BofA clients during the real estate crash. on display last year when he visited three player.” may look more like Citigroup, Mr. Montag had also turned the office after BofA’s re- Mr. Montag will need all his which has had plenty of its own heads in early 2008 when he snared search-analyst team there ranked a poise, and then some, as he tackles problems but whose strength in cor- a $40 million pay package upon disappointing 11th place in an influ- his next task:serving as the No.2 ex- porate and international banking joining Merrill Lynch after a heavy ential survey by Institutional In- ecutive at embattled BofA. leaves it better-positioned for the recruitment effort by the CEO at vestor magazine. The poor showing Last week, Mr. Montag was future than toxic-mortgage-rav- the time,John Thain,his former col- cost the firm prestige in Asia as well named co-chief operating officer,and aged BofA. “Montag is a clear sign league at Goldman. Later that year, as lucrative investment banking his purview was expanded to include of change in direction at the bank,” he got another $40 million package business, because companies look- commercial banking along with his said Rochdale Securities banking to replace his Goldman stock. ing to sell stock often hire banks Wall Street duties. That meant he analyst Dick Bove. Many of Mr. Montag’s new sen- with the best-regarded analysts. emerged as a big winner from a man- Mr.Montag,who wouldn’t be in- ior colleagues fled after BofA “He rode the guys hard,” a BofA

agement shake-up that included the terviewed for this article, is best- bought Merrill. But he stuck with newscom executive said. “The clear message defenestration of wealth manage- known on Wall Street for two the new regime and was put in NO. 1, FOR NOW: BofA’s Brian Moynihan was, ‘If you don’t work hard for me, ment chief Sallie charge of merging the Merrill and you’re fired.’ ” Krawcheck and con- BofA investment banking divisions. Another person familiar with the sumer banking head At Goldman, Montag Because Merrill’s world-class in- become BofA’s chief sources of prof- matter said Mr. Montag urged ana- Joe Price. vestment bank clearly overshad- its.They’ve generated an impressive lysts and salespeople to work more The new title famously described owed BofA’s operation, the integra- $20 billion in earnings since the closely together and favored bring- marks Mr. Montag, tion wasn’t as politically fraught as merger took effect in January 2009, ing in more Japanese-speaking staff. 54, as a contender to a mortgage-related Ms. Krawcheck’s task of combining while the bank as a whole has racked A BofA spokeswoman said Mr. one day succeed Merrill’s famed “thundering herd” up nearly $3 billion in losses. Montag didn’t threaten to fire any Chief Executive investment as a of retail brokers with the big bank’s Mr.Montag’s pay underscored his analysts who failed to improve in the Brian Moynihan. ‘[expletive] deal’ wealth managers. growing clout. He was awarded $10 rankings. His ascension, along Still, plenty of Merrill invest- million in 2009; last year, he received In any case, the outcome was with that of the oth- ment bankers continued to leave, about $15 million in bonuses—or $6 good. The standing of BofA’s ana- er co-COO, BofA and Mr. Montag won praise for million more than Mr. Moynihan, lysts in Japan improved quickly,with lifer David Darnell, keeping enough of the division’s according to Bloomberg LP. the group tying for first in this year’s also suggests that a strategic shift is things—each one a doozy. sales and trading team intact so that survey.Its investment banking busi- under way—one that changes the He gained a measure of unwant- the unit was in a position to prosper “Polarizing” ness there has jumped, too, with the focus from consumer lending to ed fame last year, when a 2007 email when markets recovered. “Tom is charismatic; he knows firm having a hand in 8% of all stock serving midsize companies and from his days at Goldman Sachs sur- Free from the stench of BofA’s how to recruit and motivate people,” sales held by Japanese companies so multinational corporations. faced in which he described a mort- dreadful mortgage business— said the CEO of a financial firm far in 2011, up from 5% in the same It will likely be a painful restruc- gage-related investment sold by the which faces unknown tens of billion who has worked with Mr. Montag. period last year. turing that involves sacking tens of firm as a “sh**** deal.”That comment in losses and investor claims—in- But the way in which he moti- BofA sure could use more good thousands of employees and closing was cited by members of Congress as vestment banking and markets have vates his charges can be a sore point. news like that. Ⅲ

September 12, 2011 | Crain’s New York Business | 45 20110912-NEWS--0046-NAT-CCI-CN_-- 9/9/2011 8:33 PM Page 1

raised about $45 million, with $3.3 million coming from New Yorkers. Backing off Obama And with no primary fight this cy- WHAT’S MISSING FROM JOBS PLAN cle, the president has plenty of time THE PAYROLL TAX CUTS and hiring credits proposed by President Barack Continued from Page 3 cycle, he has given generously to the to raise the $1 billion he is expected Obama in his $447 billion jobs bill last week might appeal to Congress, but to comment on whether they will GOP. Nationally, half of the indi- to spend to run for another term. businesses say Mr. Obama paid scant attention to one of their greatest support him this time. viduals listed as bundlers for Mr. Seeking stability concerns: a lack of access to capital. Part of the reason is policy. Bank Obama in 2008 have not raised In his address to the nation, the president declared that “everyone here reforms the president backed could money for his re-election,according “There is a lot of receptivity to knows that small businesses are where most new jobs begin.” But he reduce profits and hurt small busi- to data compiled by the Center for what the president is trying to do,” mentioned just once—and only generally—how he would free up capital for ness lending.A McKinsey & Co.re- Responsive Politics. said hedge fund partner Orin businesses. He said the administration, as part of the American Jobs Act, port this month predicted that new Tudor Investment Corp.’s Paul Kramer, who raised more than half regulations such as Basel III and the Tudor Jones, who banked at least a million dollars for Mr. Obama in plans “to cut away the red tape that prevents too many rapidly growing Dodd-Frank Act will shrink the re- $100,000 for Mr. Obama last time, 2008—and is trying to do the same startup companies from raising capital and going public.” But it’s unclear turn on equity of the 13 largest met privately with Chris Christie ear- in 2012.“I think he’s done a very good what else will be done to steer capital to risk-taking entrepreneurs. banks to as low as 7% from an aver- lier this summer and urged the Re- job under conditions that are more “What we have is too much favoritism of lending to larger corporations,” age of 20% last year. Greater capital publican New Jersey governor to run challenging than people realize.” said Leslie Fields, an accountant with an office in midtown. “There’s a lot of requirements mean banks are less for president. Mr. Christie declined. Kathryn Wylde, president of the qualified businesses being denied loans because of regulations.” likely to lend to small businesses. A number of large Manhattan- Partnership for New York City, said Mr. Obama’s jobs bill contains a mix of tax cuts and government Despite Mr. Obama’s pledge last based companies, meanwhile, have her members,three of whom helped spending intended to spur growth and draw support across the aisle. week to halve payroll taxes and give started to hedge their bets. Dozens craft the president’s jobs plan and Democrats gushed over Mr. Obama’s commitment to repair and employers a $4,000 tax credit for of well-heeled employees from are among his economic advisers, modernize 35,000 schools. Private contractors and construction unions hiring a worker unemployed for six Goldman Sachs, Credit Suisse and want stability and predictability offered modest applause for his proposal to add $50 billion for months, businesses are unlikely to Morgan Stanley have cut campaign above all else.Some business owners transportation projects, which would double spending for one year. A grow without ready access to capital. checks to former Massachusetts feel Congress should enact endur- $10 billion “infrastructure bank” would attract private capital for public works Gov. , who has raised ing policies, not gimmicks that sun- projects—an idea that has enjoyed bipartisan support. “If enacted, it will put Hedge funders flip $2.1 million in New York City so far. set after the election. people back to work,” said Rep. Jerrold Nadler, D-Manhattan. “No small business is going to Many more have yet to publicly “The overwhelming desire of our City Comptroller John Liu said the president’s proposed $175 billion hire a person just to get a tax break,” support a candidate. Except for The membership is to support the presi- payroll tax cut would save workers in the city $4.8 billion in 2012, and save said Rohit Arora, chief executive of Related Companies, whose em- dent and Congress to get things or create 25,000 jobs. A worker who earned $25,000 would save $775; Biz2Credit.com, which helps busi- ployees have chipped in $30,000 to done,”Ms.Wylde said.“They’re not one who made $100,000 would see a $3,100 tax cut. nesses get credit.“They will only ex- Mr.Romney,the real estate industry interested in leading any efforts to The plan is unlikely to pass wholesale. But even if it does, economists say, pand if they have demand—and the has remained neutral. One industry overthrow either.They want to work it is unlikely to ignite the economy. money to support the expansion.” insider said few are willing to make with them.” Moody’s estimates that it could create 1.9 million jobs—about 158,000 a Dissatisfaction with the presi- a bet 14 months before the election. Mr. Wilson, the auto task force month—and reduce the unemployment rate, currently 9.1%, by a full point. dent has sidelined some wealthy “There’s the whole question of member, said he is unlikely to vote Others disagree. Harry Wilson, a turnaround specialist who ran for state donors.His populist attacks on Wall enthusiasm vis-à-vis Obama,” the for Mr. Obama. But he is no more comptroller last year, said the economy would have to create 270,000 jobs a Street last year turned hedge fund insider said. “But then you have to enthralled by the Republican chal- month. “It’s almost impossible to see it below 8%,” Mr. Wilson said. principals like Mr. Loeb against balance that against how a Republi- lengers. him. Last election, Mr. Loeb raised can agenda will benefit New York.” “I’ll probably write somebody —JEREMY SMERD $200,000 for Mr. Obama, but this The president has nonetheless in,” he said. Ⅲ

GREATER FORT CATE TO LAUDERD RELO ALE Life. Less Taxing.

Headquarter your business in Greaater Fortr Lauderdale

and takee advantage of the beb st taxes under the sun.

With no state income tax, it’s like getting an up to 9%

instant raise. It’s one more reason over 150 corporations

have made our growo ing metropolis their home.

leesstat xing.com / 954.6. 277.0134

46 | Crain’s New York Business | September 12, 2011 20110912-NEWS--0047-NAT-CCI-CN_-- 9/8/2011 4:20 PM Page 1

68% of retailers expect holiday sales to increase this year BUSINESS LIVES Source: Hay Group

HOT JOBS EXECUTIVE SURFIN’ BIRD: Kevin Kash grew up INBOX at the beach and teaches surfing from March through Anne Fisher VP OF October. BUSINESS DEVELOPMENT COMPANY Cablevision Systems How to give Corp.’s Optimum Lightpath division JOB DESCRIPTION Develop new yourself business streams and improve a better job market position with current clients to achieve financial growth ARE YOU HAVING FUN YET? As with MOST IMPORTANT TASKS so many things in life, spending Establish new partnerships; too much time on work that you determine company’s ability to don’t like has a way of sneaking compete in given market sectors up on you slowly, without your CREDENTIALS NEEDED noticing at first. If that’s the case, Bachelor’s degree; 10 years’ it may be time to take a fresh relevant leadership experience look at how you spend your days. SALARY $180,000-$200,000 “As an entrepreneur, you have RECRUITER Internal the freedom to create the job you want … [and] to make sure the DOWNSIDE New business tasks you enjoy don’t get lost streams are hard to find in an in the rest of the business stuff,” increasingly competitive market wrote Adelaide Lancaster and UPSIDE Exec gets opportunity to Amy Abrams in The Big Enough work for an innovative company Company: Creating a Business Cablevision is a leading media That Works for You. and telecom company. Optimum The authors are co-founders Lightpath, based in Jericho, L.I., of In Good Company, a 4-year-old provides Internet, voice and other shared work space and business services to metro NY businesses. development center for women, —IRVIN IBARGUEN located on West 23rd Street. In talking with the center’s 300-odd members, “we started to notice a pattern,” Ms. Abrams EXECUTIVE MOVES said in an interview. “Women starting businesses tended to get Deloitte: Henry disenchanted after a couple of Phillips, 42, was named a vice years. Their companies were chairman and regional succeeding, but they were not managing partner of buck ennis enjoying that success as much the professional as they had thought they would, services company’s GOTHAM GIGS and often not using their unique Northeast region. He talents to the fullest. They felt continues as a lead client service partner. CB Richard Ellis: Stuart Eisenkraft, 55, they’d gotten off-track somehow.” was promoted to vice chairman at the The Big Enough Company, commercial real estate firm. He was based on interviews with more previously an executive vice president. Riding the Waves than 100 female business Michael Monahan, 54, was promoted to owners nationwide, is packed vice chairman. He was previously an with ideas about how to get your executive vice president. For most New Yorkers, Labor Day means the end of summer at the groove back. The first step: Cast Mark Ravesloot, 53, ‘The only was promoted to vice beach. But not for surfer Kevin Kash. “September to mid-October— yourself in the right role so chairman. He was way I can hurricane season—is the best time of the year,” said the head that you can put your special previously an instructor at the New York Surf School in Rockaway Beach, Queens. talents to the best use. executive vice describe In the case of Jen Walzer, president. “The surf is good, the water’s warm, and the beach isn’t crowded.” ¶ chief executive of Manhattan- Susan Nagler-Cohen, based data-backup company 48, was promoted to it is a first- Raised in Bay Ridge, the youngest of six in an Irish family, Mr. Kash executive managing director of the didn’t grow up watching surfing movies. “C’mon, this is Brooklyn Backup My Info, that means firm’s consulting group. She was love thing’ we’re talking about,” he said. But he did grow up at the beach. His inspiring employees to deliver formerly a senior managing director. what Ms. Walzer calls “obsessive The FADER Inc.: Andy Cohn, 37, was father, a Teamster, would rent a summer bungalow in Breezy Point, customer service.” promoted to president and group Queens, and drop the family off in June. ¶ Nowadays, 43-year-old Ms. Abrams and Ms. publisher at the portfolio of music and Lancaster believe that running lifestyle properties. He was formerly Mr. Kash lives in Rockaway year-round and teaches surfing from executive vice president and group March through October.The rest of the time, he’s a bartender and every business should be enjoyable. After all, they wrote, “If publisher. actor, with several roles in Law & Order under his belt. ¶ Though he’s RBC Capital Markets: Michael Goldberg, you wanted a job you didn’t like, 46, joined the corporate and investment surfed all over the world, he’s happiest here. “The only way I can there are plenty that require less banking arm of RBC as managing describe it is a first-love thing,” he explained. “Someone will come up work, stress, and time.” Too true. director and co-head of the U.S. equity capital markets investment banking to me in Manhattan with their friends and say,‘This is the guy who WHAT DO YOU ENJOY MOST (and least) group. He was previously a managing taught me to surf,’ and that’s a beautiful feeling.” about running your firm? Tell us at See EXECUTIVE MOVES on Page 49 —hilary potkewitz www.crainsnewyork.com/execinbox.

September 12, 2011 | Crain’s New York Business | 47 20110912-NEWS--0048-NAT-CCI-CN_-- 9/8/2011 4:12 PM Page 1

RÉSUMÉ REVIEW He covers waterfront Is your job search all it could be? We ask the experts. New director will Name a few of your initial tasks. What was your role in Freshkills Park, NAME KATHLYN GORMAN One goal of Vision 2020 is to the former landfill in Staten Island? SUMMARY increase activity, streamline the permitting process I worked on that project for five Attorney with significant operations for construction projects such as re- years. First on its preliminary draft management experience access on shoreline building piers or building parks near master plan, then as the manager of PROFESSIONAL EXPERIENCE the waterfront. Right now, there are environment planning. I worked on l BY AMANDA FUNG a dozen or more city agencies in- its environmental impact statement. Brooks Stevens & Pope, Raleigh, N.C. volved in the process. I also examined having renewable Partner, 1993-present n March, the city unveiled Vi- The other thing we are working energy there, solar and wind power; A key manager in $3.3 million enterprise, involved in managing daily sion 2020, its 10-year compre- on is updating the Coastal Zone these plans are still being explored. operations. Handle substantial caseload; mentor associates; consistently hensive plan to transform New Management Program,which regu- bring in new business; serve as legal/business adviser for small privately York’s waterfront and water- lates public and private projects on Do you live on the waterfront? held firms and large multinationals; direct/lead continuing ed programs Iways. Michael Marrella, who was the waterfront and waterways to No, I live in Prospect Heights, EDUCATION Vision 2020’s project director, spent better control the projects’ environ- Brooklyn.I had a long-running joke: l Widener University School of Law, J.D., 1991 18 months preparing a 190-page re- mental impact on the waterways I suggested building a canal through Admitted in New York, and North Carolina port for the Department of City and neighborhoods. That program Prospect Heights during the plan- l University of New Hampshire, B.A., psychology and sociology, 1983 Planning. Last month, Mr. Marrel- was last updated in 2002. ning of Vision 2020, but everyone Résumé appears in condensed form. la was named decided against it. director of the What is your biggest challenge? EXPERT ADVICE agency’s wa- Continuing the momentum Which waterfront area is Kathlyn has some great experience, but her résumé detracts from her MOVERS & terfront and and interest that has grown your favorite? professionalism. Her executive summary gives a good sampling of her SHAKERS open-space over the past decade. [Mayor That is like asking a strengths, but is missing quantifiable results. She mentions that she brings planning di- Michael Bloomberg] and City parent to choose a fa- new business to Brooks Stevens & Pope, but does not say how much. Also, Michael vision. He is Planning Commissioner vorite child. The city is the narrative for the firm is too long, at 11 lines. Instead, Kathlyn could now charged Amanda Burden have re- incredibly fortunate to include a sentence about the firm and its specialty, followed by a two- or Marrella with imple- claimed the waterfront and have such diverse and three-line summary of her expertise, then bullet points on different duties. menting the made it a top priority. wonderful waterfront areas, —connie thanasoulis-cerrachio, career expert, ambitious The city now has from the quiet, serene Ja- Vault.com and SixFigureStart program to dozens of boat- maica Bay to the work- increase public access and overall ac- ingandkayak- ing waterfront of To contact this candidate or to be featured in “Résumé Review,” e-mail us tivity along the city’s 520 miles of ing commu- north shore Staten at [email protected]. shoreline. nities. Island. Ⅲ

The Most Prestigious Professional Address in New York City 800 FIFTH AVENUE

800A Fifth Avenue at 61st Street Overlooking Central Park 1,000 to over 5,000 Square Foot Professional Suites Available for Lease

48 | Crain’s New York Business | September 12, 2011 20110912-NEWS--0049-NAT-CCI-CN_-- 9/8/2011 4:13 PM Page 1

EXECUTIVE MOVES Peter G. Seiden, 60, joined as a partner in Attorney’s office for the Southern Kathleen Barthmaier, 29, was promoted a Web editor for LimeLife.com. the commercial finance practice. He was District of New York. to executive director. She was previously Swig Equities: Jonathan J. Dean, 50, joined formerly a partner at LeClairRyan. City National Bank: a director. the real estate firm as senior vice Continued from Page 47 Jonathan Neil Strauss, 35, was promoted Andrea Scalisi, 51, Chad Edmonson, 30, was promoted to president and director of commercial director and an industry vertical head at to partner. He was most recently senior joined as senior vice executive director. He was previously a leasing. He was formerly managing di- Barclays Capital. counsel. president and team director. rector of leasing at Jack Resnick & Sons. Steve Feinstein, 42, joined as head of Raymond W. Dusch, 57, joined as senior leader for private Atlas Media Corp.: Jeanne McHale Waite, Zeichner Ellman & Krause: Pierre-Yves corporate derivatives marketing. He was counsel. He was formerly a partner at client services in New 56, was promoted to the newly created Kolakowski, 43, was promoted to partner formerly a managing director at Barclays LeClairRyan. York. She had been a position of executive vice president and at the law firm. He had been of counsel. Capital. John Oberdorf III, 35, joined as an senior vice president general manager at the independent Perelson Weiner: Magda B. Szabo, 56, Believe Entertainment Group: Joseph associate. He was formerly an associate for U.S. Trust, Bank of nonfiction entertainment producer. She joined the accounting firm as director of Grimes, 45, joined the digital at LeClairRyan. America Private Wealth Management. was previously senior vice president. tax services. She was previously tax entertainment company as chief financial Hotel Mela: Albert V.Libardi Jr., 47, W.P. Carey & Co.: Jason Fox, 38, was Abby Strauss, 44, joined as vice president, director at Konowitz Kahn & Co. officer. He was formerly senior vice joined the luxury boutique hotel as promoted to co-head of domestic production. She was most recently Bruce Levinson, 59, joined as partner. He president of finance for MTV and VH1. director of sales and marketing. He investments at the investment executive in charge of production at was formerly a tax partner at Hertz Aimee Duell, 40, joined formerly held the same position at the management company. He continues as True Entertainment. Herson & Co. as executive vice New York Helmsley Hotel. managing director. YourTango: Kristine Gasbarre, 31, joined Wilson Elser: John Horan, 45, was president, brand Sidley Austin: David M. Rody, 44, joined Gino Sabatini, 43, was promoted to co- as manager, content and branded media, promoted to executive director at the engagement and the law firm as partner. He was head of domestic investments. He for the lifestyle brand dedicated to love law firm. He was previously a director. strategy. She was most previously a unit chief at the U.S. continues as managing director. and relationships. She was most recently —jonas altman-kurosaki recently the U.S. director of Drum for Omnicom Media Group’s PHD USA. Gaia Real Estate: David Monzella, 47, joined the real estate investment company as director of acquisitions. He previously held the same title at Urban America. David Kusy, 28, was promoted to senior associate. He was previously an associate. Colin D. Shinners, 26, was promoted to investment associate and asset manager. He was previously a real estate intern. Gilsanz Murray Steficek: Joseph W. Basel, 41, was promoted to partner at the structural engineering firm. He was formerly associate partner. Jonathan Hernandez, 50, was promoted to partner. He was formerly associate partner. Susanne Mackiw, 53, was promoted to partner. She was formerly associate partner. Dentsu America: Adina Smith, 40, joined as senior vice president, group account director, leading the ad agency’s Toyota Motor North America account. She was previously senior vice president at Young & Rubicam. Edwards Angell Palmer & Dodge: Jeffrey Fried, 47, joined the law firm as partner. He was previously a shareholder at GreenbergTaurig. Rory Radding, 62, joined as partner. He was previously a partner at Morrison Foerster. LBi Health: Krista Bowman, 36, joined as You expect your day-to-day business banking client services director at the health care marketing and technology agency. She to be as simple there... was previously a vice president and group director at Digitas Health. As it is here. David Lane Fisher, 46, joined as a group delivery director. He was previously vice president and director, project You’re local. And you’re global. management, at Digitas Health. ™ David Lavietes, 46, joined as group HSBC Business Direct enables you to conduct your business banking anywhere in the world with: director of strategy and planning. He > Fast: 24/7 access to your accounts via Internet and Telephone Banking1 was previously vice president and group director, account planning, at Digitas. > Easy: International & Domestic Wire Transfers2 via Business Internet Banking Prudential Douglas > Convenient: International account opening assistance in other countries Elliman: Geraldine Paz, 3 35, joined the real > Plus: No fixed monthly maintenance fee estate firm’s Sroka Worldwide Group as Everything you need to support your business worldwide. vice president of global luxury real Start today. estate. She was Visit: us.hsbc.com/businessdirectinternational previously a luxury Or call: 1.866.909.1243 brand consultant for real estate developers. Loeb & Loeb: Ieuan Jolly, 35, was promoted to partner at the law firm. He was most recently a licensed legal consultant. Brian G. Petkanics, 55, joined as a partner in the commercial finance practice. He was formerly a partner at LeClairRyan. United States persons (including entities) are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax adviser for more information. EXECUTIVE PROMOTIONS Issued by HSBC Bank USA, N.A. Member FDIC. ©2011 HSBC Bank USA, N.A. 1 The fastest way to get an announcement into Telephone access to account balances and certain transactions 24/7; complete transaction capability from 6:00AM ET to 12:00AM ET. 2Standard wire transfer and EFT origination fees apply. Crain’s is to submit online. Fill out the form 3 at www.crainsnewyork.com/section/ Other fees, including account activity fees, may apply. Please refer to the HSBC Business Direct Checking Account Terms & Charges Disclosure. executive_moves. The Executive Moves column ™HSBC Business Direct is a trademark of HSBC Bank plc, used under license by HSBC Bank USA, N.A. is also available online.

September 12, 2011 | Crain’s New York Business | 49 20110912-NEWS--0050-NAT-CCI-CN_-- 9/8/2011 4:13 PM Page 1 chemex / INSATIABLE CRITIC Gael Greene ETWORKING CPS N flickr.com THURSDAY, SEPTEMBER 22 THE MANHATTAN CHAMBER OF The COMMERCE FOUNDATION invites you to a green business networking event WEEK presented as part of Climate Week NYC. The event will take place at the American Cancer Society’s Hope Ad-libbing AHEAD Lodge, 132 W. 32nd St., from 8:30 a.m. to 10 a.m. The event is free for chamber members and $15 for SEPT. 19-25 nonmembers with advance registration. great ‘Chinese’ The fee is $10 for members and $25 for nonmembers who register at the door. CONFERENCES AND To get more information and to RedFarm serves SEMINARS register, visit www.manhattancc.org or WHAT SHE’S WEDNESDAY, SEPTEMBER 21 call (212) 473-7805. good eclectic food BUSINESS DEVELOPMENT INSTITUTE invites you to “Mobile Social CULTURAL EVENTS READING in West Village Communications 2011: Case Studies WEDNESDAY, SEPTEMBER 21 and Roundtables.” The conference will JUST FOOD hosts its fourth annual “Let JOAN ROSENBAUM, who stepped long the bumpy way to- discuss case studies of how brands are Us Eat Local” tasting benefit down from The Jewish Museum ward opening a West achieving tangible business goals by celebrating locally grown food. The on Aug. 31 after 30 years as Village dim sum carry- integrating mobile social strategies into benefit will feature more than 30 director, is now looking forward to out parlor that they their marketing and communications. restaurants, including ABC Kitchen a trip to Venice. To get into the The keynote case study will be and Gramercy Tavern. The event will

planned to seed all buck ennis presented by Emily White, director of be held at the Altman Building, 135 W. mood, she is reading crime ADORABLE: Pac-Man shrimp dumplings Aaround town, the partners at Red- local at Facebook. The conference will 18th St. VIP admission, including a novels by Donna Leon, featuring Farm started winging it, tasting and take place at the CUNY Graduate wine tasting with exclusive food hero Commissario Guido Brunetti, ad-libbing. With dim sum meister REDFARM Center, 365 Fifth Ave., from 8 a.m. to 1 pairings, starts at 6 p.m., and general which are set in that Italian city. Joe Ng and his major league dumpling 529 Hudson St. p.m. The cost to attend is $195. To get admission starts at 7 p.m. Ticket prices But much of Ms. team in the kitchen,longtimeChinese more information and to register, visit range from $175 to $300. To get more (212) 792-9700 Rosenbaum’s summer reading Big Daddy Eddie Schoenfeld conjur- www.manhattancc.org or call information and to purchase tickets, hasn’t been so light. She just www.redfarmnyc.com (212) 765-8358. visit www.justfood.org/events. ing and editing, and industry veteran finished a translation of Marcel Jeffrey Chodorow backing and advis- WEDNESDAY, SEPTEMBER 21 FRIDAY, SEPTEMBER 23, TO SUNDAY, Proust’s Swann’s Way by Lydia ing,they decided to open a great Chi- CUISINE Inauthentic Chinese Social Media School presents SEPTEMBER 25 Davis, and a biography of Proust nese restaurant instead.In a month of BLOGGING 101. Attendees will learn AT&T and Two Trees Management by Edmund White. experiments and “family”tastings,the PRICE RANGE $16 to $36 what it takes to be a and how Co. present the 15th annual DUMBO Another recent read was place is already impressive. ARTS FESTIVAL. businesses can benefit from blogs. The Attendees will enjoy art, Outwitting History: The Amazing But Chinese? Sorry. It just start- SERVING Dinner, seven days seminar will take place at the CUNY galleries, studios, performances, literary Adventures of a Man Who ed out Chinese. Then something RESERVATIONS No reservations Graduate Center, 385 Fifth Ave., from events and children’s programming free happened. Smoked salmon and 5:30 p.m. to 8:30 p.m. The cost to of charge in the Dumbo neighborhood Rescued a Million Yiddish Books, NOISE LEVEL Variations of noisy eggplant bruschetta. Kumamoto attend is $249 and includes the seminar of Brooklyn. The festival will take place by Aaron Lansky. It was workbook and refreshments. To get from 6 p.m. to 9 p.m. on Friday, noon to oysters on Meyer lemon-yuzu ice. I can’t wait to return. recommended by her 94-year-old more information and to register, visit 8 p.m. on Saturday, and noon to 6 p.m. father. Okra and Thai eggplant yellow cur- I will definitely go back. www.socialmediaschoolny.com or call on Sunday between the Brooklyn ry. It is “unabashedly inauthentic,” “I know that sounds extremely I’ll let them simmer awhile. (646) 345-5511. and Manhattan bridges. For as Eddie Schoenfeld is saying now. more information, visit dry, but it’s really a page-turner,” The Pac-Man shrimp dumplings NO HATS Never again. WEDNESDAY, SEPTEMBER 21 www.dumboartsfestival.com. Ms. Rosenbaum said. “You get a are not just adorable critters—deli- NEW YORK PUBLIC LIBRARY invites you to —suzanne panara whole history of the Yiddish- cate skins, sublime shrimp filling— “From Ideas to Products in speaking world.” To view Crain’s classified events listings, Production.” Lecturer Jim Richardson —MIRIAM KREININ SOUCCAR they come with a disc of shrimp toast and tender marinated steak, sliced go to www.crainsnewyork.com/events to scoop up the rough-cut guacamole and rare as we requested, with bok of Richardson & Associates Inc. will alongside. Kowloon filet mignon choy.We’ve devoured every morsel of explain the development process from concept origination through various tarts sport silken cubes of beef on a the splendid diced lamb with pickled stages of prototype development. The savory corn-flecked paste in a layered radish, except for a few divots of tor- free lecture will take place at the pastry shell with a frizz on top. Shu- rid pepper. Sautéed black cod with Science, Industry and Business Library, ALL FOR KIDS: mai shooters are fabulous savory yellow leeks and radish thins is disap- 188 Madison Ave., from 6 p.m. to Model Selita Ebanks bundles poised atop a shot of namby- pointingly bland. But dark-meat 7 p.m. For more information, visit with the P.S. 22 pamby lukewarm carrot ginger juice. chicken with star anise baked in a www.nypl.org or call (917) 275-6975. choir at the 2010 The luscious duck and Fuji apple casserole, messy and wonderful to fall gala. stir-fry laced with hoisin sauce— pick up with the house version of flat- THURSDAY, SEPTEMBER 22 Join Donald M. Bernstein Esq. for NEW sweet and satiny, savory and bread, seems designed for a dark- YORK LIQUOR LAW LICENSING. This free crunchy—to wrap in carefully meat chicken-only soul like me. accredited continuing legal education trimmed circlets of romaine may re- There ought to be more noodle class will discuss how to properly advise mind you of minced lettuce-wrap- dishes. I love everything about the clients on liquor law matters.The class ping moments past.This savory stir- spicy Korean rice cake stir-fry except is worth three credits and will take place fry with its tomatillo salsa topping the huge and chewy rice pasta ovals. at Bank of America, 50 Rockefeller intimates tacos. Don’t ignore mush- Infinitely better are sinuous flat rice Plaza, fifth floor, from 8:30 a.m. to room and vegetable spring rolls be- noodles with shredded roast duck noon.To register, call (646) 695-7925 or cause they sound prim in such smart and pickled mustard greens, though email [email protected]. company.They are a feast for all five the dish lacks a fusion je ne sais quoi. WORKSHOPS PICK OF THE WEEK senses, starting with the sight of spi- A dab of hot sauce will do it. TUESDAY, SEPTEMBER 20 NEW YORKERS FOR CHILDREN invites you to its fall gala raling pastry forming giant chrysan- The yellow curry of okra with WORKSHOP IN BUSINESS OPPORTUNITIES themums atop each crunchy roll. Thai eggplant is a smart alchemy, kicks off its award-winning, 16-week to benefit youth in foster care in New York City. This year’s Alas, smartly grilled portobello too, but all that sauce cries out for workshop “How to Build a Growing gala will honor Carmelo Anthony for his work with at-risk mushroom underneath can’t make rice. Since there is no simple boiled Profitable Business.” The workshop is youth and will feature a surprise musical performance. up for dryish slices of barbecued pork rice, we settle for the house’s smart, being conducted in 16 classroom belly. And the Katz’s pastrami egg soft and crunchy vegetable fried rice. sessions designed to help businesses The gala will take place at Cipriani , 110 roll that had me giggling and keen- I’d love some of the chef ’s sweet reach the next level. The classes are being offered at various locations in the E. 42nd St. Cocktail hour begins at 6:30 p.m., followed by ing at FoodParc, where RedFarm in- dim sum for dessert. The lychee Bronx, Brooklyn, Queens, Manhattan dinner, dancing and a live auction. Tickets begin at $1,000. troduced it,seems leaner tonight.But mousse is chicly decked out with and Yonkers. The cost of the course our foursome is taken with the sen- chocolate calligraphy,but not worth materials and workbook for the free For more information, visit www.newyorkersforchildren.org. sory bombardment of kung pao pork eating. Eddie hopes Joe will do his workshop is $249; discounts are For tickets, call (212) 867-1117 or email and chicken triangles in a peppery remarkable Chinese crullers for the available. For information and a [email protected]. “soup,” and the delicacy of masterly breakfast they might serve one day. schedule, visit www.wibo.org/workshop shrimp and snow pea leaf dumplings He dreams of doing tea, too. And or call (212) 684-0854. from the steamer. stretching dinner till 2 a.m. So I’ve tasted only a few MON. TUES. WED. THURS. FRI. SAT. SUN. “mains”—ranging from $16 for noo- Copyright © 2011 by Gael Greene. 9.19 9.20 9.21 9.22 9.23 9.24 9.25 dles to $36 for a remarkably meaty Syndicated by www.insatiable-critic.com.

50 | Crain’s New York Business | September 12, 2011 nb37p51.qxp 9/9/2011 8:39 PM Page 1

THE CHEAT SHEET The start of football WEEK season is typically a time for optimism, but not for ON THE the New York Giants this year. The team has had a

WEB disastrous summer. newscom DROPPING LIKE FLIES Injuries took out six Giants defenders for the AUG. 29-SEPT. 9 season before it even started, including starters Terrell Thomas and Jonathan Goff. First-round draft pick Prince Amukamara’s broken foot R INSEW ORK.CM C A Y will sideline him for at least another month, and Osi Umenyiora’s bum knee kept him out of the season opener. Justin Tuck and Jason Pierre- Paul will do what they can, but a defense that was supposed to be the Fashion Week team’s strong suit is now a major question mark. OFFENSE UNDER THE GUN Wide receiver Hakeem Nicks should soon shocker (not become a household name, and Mario Manningham is a solid No. 2, but Gulnara Karimova there’s little receiving depth behind them. Domenik Hixon is returning

the clothes) newscom from knee surgery, Plaxico Burress became a Jet, Steve Smith signed with ercedes-Benz Fashion Week started its semiannual strut last week, and with it came the Eagles, and Kevin Boss, an Eli Manning favorite, bolted to Oakland. models, designers … and the woman once described as “the single most-hated A FAST START, OR ELSE The Giants will need a quick start. Five of their person” in Uzbekistan. ¶ Gulnara “GooGoosha” Karimova—whose father, Islam first seven games are against teams that missed the playoffs last season; M things get tough beginning Nov. 6, with Big Blue facing the Patriots, Karimov, is the country’s reportedly brutal dictator—was to have unveiled her spring line 49ers, Eagles, Saints and Packers in succession.Three seasons without a during a runway show on Sept. 15, the final day of Fashion Week in New York.The playoff appearance could mean the end for coach Tom Coughlin. International Labor Rights Forum planned to protest the debut with a mock fashion show —daniel massey including models wearing clothing that illustrates the link between the fashion industry and child labor in Uzbekistan, a spokesman told the New York Post. IMG, the producer for Fashion Week, initially declined to cancel the show but relented under pressure Friday. ¶ Fashion Week’s sponsors didn’t make any official plans to honor the 10th anniversary of Sept. 11, and designers were left to find their own ways to recognize the day. Some designers, like Derek Lam, who had We congratulate our client one of the shows slotted for that Sunday afternoon, planned to donate an undisclosed amount to the September 11th Fund.

AFTER A FINANCIAL HEALTH SCARE, IT LOOKS LIKE PENINSULA HOSPITAL WILL LIVE ON—under new ownership. Revival Home Health Care, a for- profit agency that primarily serves Orthodox Jews,agreed to invest $27 mil- lion in the struggling Far Rockaway, Queens, medical center just days be- fore its scheduled closure, making it the city’s first Orthodox-owned hospital. Revival has already taken over Peninsula’s daily operations, but the state Department of Health, which typically must approve any changes in a on its investment with New York hospital’s ownership, said last week it is “still in discussions with Peninsula regarding the proposed changes.” ... AND HE’S OUT: The Mets called off a $200 million deal with hedge funder David Einhorn, in part be- cause he wanted preapproval to become the team’s majority stakeholder.The team’s current owners, Fred Wilpon and Saul Katz, would rather keep the club in their families.They insist they’re in no rush to find funding because they have capital to cover all 2011 losses. Now the team is searching for a dozen or so investors to each take smaller stakes. … THE CITY HUSTLED TO FINISH PREPPING FOR THE 10TH ANNIVERSARY OF THE SEPT. 11 ATTACKS. in the $68M purchase of New York Police Department Commissioner Raymond Kelly laid plans for beefed-up security throughout the city, focusing on transit hubs like and Penn Station. Separately,New York lawmakers start- ed pushing for cancer coverage in the free-care fund for victims. Although a new study said firefighters in the terror attacks had a 19% higher risk for cancer,some experts said the study is not statistically significant.… FOR JET- BLUE, HURRICANE IRENE COULD NOT HAVE CHOSEN A WORSE PATH. Thanks to the storm blowing right through the airline’s key destinations,JetBlue ex- pects to see its annual revenue drop by about $20 million and operating in- a 492-unit multifamily community come slip by some $8 million to $10 million, said Ed Barnes, JetBlue’s chief in Petaluma, CA financial officer. The airline industry’s total pretax loss in the storm’s wake may reach $300 million, analysts say. —emily laermer

HOORAY! OY VEY!

MORE CITY COUNCILMAN BUSINESSES are Jumaane Williams operating in lower was handcuffed by Manhattan than cops at the West before Sept. 11— Indian Parade. He and the nabe’s blamed the incident population is at its on “the way I look.” highest since 1920. Want more info on our donedeals? Scan the QR Code with your smart phone. newscom

September 12, 2011 | Crain’s New York Business | 51