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CONTENTS
COMPANIES PROFESSIONS Privately Held Companies ...... 2 Accounting Firms ...... 47 Publicly Held Companies ...... 12 Architecture Firms ...... 57 Employers ...... 19 Engineering Firms ...... 59 Minority-Owned Companies ...... 21 Law Firms ...... 60 Women-Owned Firms ...... 23 M.B.A. Programs ...... 62
FINANCIAL REAL ESTATE Commercial Banks ...... 25 BIDs ...... 64 SBA Lenders ...... 26 Commercial Property Managers ...... 66 Thrifts ...... 27 Construction Firms ...... 67 Venture-Capital Firms ...... 28 Landlords ...... 68 HEALTH CARE Real Estate Investment Trusts ...... 69 Hospitals ...... 29 Health Insurers ...... 32 TOURISM Benefits Consulting Firms ...... 34 Airlines ...... 70 NONPROFITS INDEX Foundations ...... 36 Alphabetical Company Listing ...... 74 Nonprofits ...... 38 Cover: Getty Images vol.xxx,nos.51,52,december 22,2014—Crain’s New York Business (ISSN 8756-789x) is published weekly, except for double issues the weeks of June 23, July 7, July 21, Aug. PEOPLE 4, Aug. 18 and Dec. 22, by Crain Communications Inc., 685 Third Ave., New York, NY 10017. Periodicals postage paid at New York, N.Y., and additional mailing offices. Fortunate 100 CEOs ...... 40 TOP LISTS ONLINE Postmaster: Send address changes to: Crain’s New York Business, Circulation Depart- ment, 1155 Gratiot Avenue, Detroit, MI 48207-2912. To download any of Crain’s Top Lists, in Excel or for subscriber service: Call (877) 824-9379. Fax (313) 446-6777. $3.00 a copy, Top Paid Hospital Executives/Employees . . 43 $99.95 one year, $179.95 two years. (GST No. 13676-0444-RT) PDF format, visit www.crainsnewyork.com/lists. ©Entire contents copyright 2014 by Crain Communications Inc.All rights reserved. Executive Recruiting Firms ...... 45
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book of lists 2015 | Crain’s New York Business | 1 20141222-NEWS--0002-NAT-CCI-CN_-- 12/18/2014 12:07 PM Page 1
This chart was first published Nov. 17, 2014 COMPANIES NY Area’s Largest Privately Held Companies Ranked by 2013 revenue
A COMMODITIES TRADER named Ronald Stanton started Transammonia entities with no parent. Nor can they be nonprofits, hospitals, mutual Inc. in 1965, but for years traders simply called it Trammo. In 2013, the companies, travel agencies or partnerships (accounting firms, law firms, company followed the crowd and renamed itself Trammo Inc. consulting firms, etc.). That change is just one of many, small and large, reflected in Crain’s Trammo’s name change may presage other modifications. Mr. Stanton, annual list of the largest privately held companies headquartered in the who was born in 1928 in Germany and immigrated to the U.S. in 1937, is New York area, which has been expanded to 150 firms. One thing that’s chairman emeritus. His 49-year-old son, Oliver, has worked at the company stayed the same: For the third straight year, Trammo is No. 1. since 1987 and is being groomed to run the place. To qualify for the list, companies must be independent, privately held —AARON ELSTEIN
A3!7!06! 31&!5! A A515( %0A)%((%104 3!7$A%0A)%($ 1)20@ 0' 1)20@ $10!8!4%5! 12A!9!65%7!4 "A$#$A74$A "A$#$A74$A !)2(1@!!4 563!A1"A64%0!44 !3A!0 8aEVVX'WG +( -( . !/!0 #!/ 4 5 !" #$! % & '! ()* ,)* 1 / ' 1 $ !/ /!2' %! "1 / '3 #" ! &IEabc!XaY (-8 9 :; 9 < + /5/"! !%! " "!#" 4 5 6)7$ $ !" #$! % & '! ,--* ,(* !#% !#/ " 8 < ; = <; >& '! ! $! #% $! % & '! 8adVY3aQEWSiEcSXW ? @ A ; <B #D / " /1 #$ / 4 5 7).!%$ '1 C$! #1 !" # * !# #"3/%' # !# #1 "'/! # !#3 UXXVFIaQ04 ? E= :; @@BF
COMPANY SPOTLIGHT Ex-mayor back in the spotlight UPTICK IN REVENUE Total revenue increase for the top 150 companies (in billions) BLOOMBERG LP MICHAEL BLOOMBERG’S RETURN in the fall of 2014 to run Bloomberg LP, the financial data and media firm he founded in 1981 was unexpected but not $138.1 exactly shocking. After 12 years at City Hall, the former mayor was $132.7 clearly not content to spend his remaining years on the golf course. #4 Mr. Bloomberg, who owns 88% of the firm and is estimated by Forbes to be worth $36 billion, is taking back the reins of a business 4.1% that’s expected to generate $9 billion in 2014, an 8.4% increase since last year and up from $5.4 billion when he handed over command to Dan Doctoroff in 2008.The company,No.4 on this list,also faces a changed landscape on Wall Street,with banks reducing head count and increased competition from other financial information players. Mr. Bloomberg, 72, said his firm can stay relevant by cultivat- ing young talent: “I assume I’m the oldest person in the compa- 2012 2013 ny. If I’m not, I’m pretty close to it.”—andrew j. hawkins Note: Includes companies with available revenue figures for 2012 and 2013 buck ennis
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COMPANIES
A3!7!06! 31&!5! A A515( %0A)%((%104 3!7$A%0A)%($ 1)20@ 0' 1)20@ $10!8!4%5! 12A!9!65%7!4 "A$#$A74$A "A$#$A74$A !)2(1@!!4 563!A1"A64%0!44 !3A!0 4EUUEHSdV#`dSch4EacWIab (,, $* * 86, 1'E% 3 4 6&$ 0..' 1'E C$ $ % & ' +) 7SQVE4UEbcSGb%aXdY 78 ' + =8, +( . %.$ 242 4 2 ' $'E. ' 20. 2 '0 C$ $ % & ' ,) ,) E$' 66 ,+ $ %0 2%% 9WSeSbSXW!XVVdWSGEcSXWb'WG +,,, % & * + 0E 20 3 4 8,$ ' $ % & ' ) ,( !XWcSWIWcEU%aESW!X 6, ($ & $ =, 2 4' $ 66 .2 C$ $ % & ' ,() 8) 6 4!6SGREaH7XW 8(++ !% * (+ D . %00. ' ' E , E 0 $ C$ $ % & ' +) . 0' 0 ' - 2. 6, ! &EaXUH0IeSWbXWbbXGSEcIb'WG 878+ - * +6, 3 4' %4 0 ' 3 4 %./ $. () E2 ' - 2. 6, 'WbIaaE7dYIaVEaTIcb'WG ,7,7 * 6 $0D '0 3 4 D2 D $0 $ % & ' ) '0 $$6+ %XhE$XXHb'WG +(+7 ) $ = + -'% ' 2 2 3 4 3 2E ) ) 4' ' '67+ 8Xah daGR 8( + % $ & * C.$2 2 3 4 57$ E4' $ C $ % & ' ,) . %IUUIac%UXFEU%aXdY 7(,( ! ! ! * +, F0 %0 ' 3 4 ../ 2 .. 2.4.2 '0 C$ $ % & ' 8) <./4 $68 !2!EYScEU ,+(8 * +8, . ..4' % 3 4 ++5+$ 0. C$ % & ' 7) + 6EUUhI1XcXab&XUHSWQ ,88,8 ' =((+ ,( ' . $0 3 4 8 $ . ..E $ % & ' 8) () D.E,68 4dFUSbRIab!UIEaSWQ&XdbI ,8((,+ % ! =(+6 ,, F 0E 3 4 (C$ .3 0 $ $ % & ' ,+) ) %% 2 2 %0 ' 5$2, % 0.E !aIbcaXW#UIGcaXWSGb'WG 686+ % * , '% ' %4'.2 ' ,. 3 C$ % & ' +) $ ' . D . 2$68+6 .' &dWcIa6XFIacb!XWbcadGcSXW%aXdY 8( =766 77 C ' 2 3 4 ,4 E $ 2 $ % & ' 6() () 2 . 2 ( 1EWREccEW IIa"SbcaSFdcXab 6(77 ' =68 ,,( 0 4' 3 4 7,,<+7$ $4 $ % & ' +) +) &+,, ! C$ %% .%% $IHfEhbbXGSEcIb'WGEWHPpUSEcIb 768+8+++ ) =68 6 F0 4' ' 7,C0'3 % E C$ $ % & ' 68) 6) 0 -.2 ' 2 , E6 # UdI8II!XaY ,7((( ) ( * , 0 .0 2 3 4 , '$ 4.' $ %% .%% ) 2 ' ' . . 4' UUSIH IeIaEQI%aXdY (+8 % $ =6( ( 5 0 4' ' E 85$2 .. 4 2 $ % & ' 7) +) C .66 1XHIUU'b7YXacSWQ%XXHb ( * ( D .0 22 ' E +7( $ .. C$ % & ' ) ( )Ih$XXH7cXaIb!X 3YIaEcSeI'WG 6(6+ % + =6,+ + (( '0 0 0 . '$ E% C$ % & ' 8) ) F.+ 8dUUh!XWbcadGcSXW!X 6(++86 ( +$% =8( * C ' $'.2 3 4 6, $ . '..E ' * 0E $ % & ' 7) ) -.'$28( )aEbHEUI$XXHb'WG 7+87+8+ * ,6 5$. . % 4' 3 4 8,5D . % $ % & ' ) 5$ .8+ ') ' ) <& ' 0 $ % % .%% (IcaX!EbR!Eaah#WcIaYaSbIb 6(,,7+, ' % & =6+7 ,, > E% 3 4 ,+ I C$ % & ' ,) ,+) $. . C.. 2 ,8
COMPANY SPOTLIGHT A global trendsetter moves up WINNERS AND LOSERS Revenue changes for the 150 largest companies between 2012 and 2013* TORY BURCH TORY BURCH IS LOOKING very fashionable indeed. The 10-year-old firm landed at No. 24 on Crain’s top privately held companies list Remained the same by doubling its revenue from 2011 to an estimated $1 billion in 2013.With more than 140 stores in 50 countries, Tory Burch is well #24 on its way to dominating the ready-to-wear women’s apparel mar- 9.2% ket with global-brand power that is hitting all the right trends. 17.6%
bloomberg news Decreased In September 2014, Ms. Burch recruited Roger Farah, who 73.2% had spent 14 years as president of Ralph Lauren,to join her as chief Increased executive of her namesake brand in a shrewd move applauded by industry professionals. The company recently collaborated with Fitbit on a line of wearable tech accessories and began selling watches and dinnerware at the end of 2014. It will jump into the ever- popular sportswear craze by debuting an athletic line in 2015. But Tory Burch might not become a fixture on Crain’s private companies list. All reports indicate that the fashion house is a prime candidate for an initial public offering. —adrianne pasquarelli *Includes only companies with available revenue figures for 2012 and 2013
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COMPANIES
A3!7!06! 31&!5! A A515( %0A)%((%104 3!7$A%0A)%($ 1)20@ 0' 1)20@ $10!8!4%5! 12A!9!65%7!4 "A$#$A74$A "A$#$A74$A !)2(1@!!4 563!A1"A64%0!44 !3A!0 EVFIaQIa4XUhVIab'WG ,888 ')! . =87, ,6 3 4' %0. $ $./ 44 2 0.E C $ % & ' 8) (+) $6, !daahdcXVXcSeI 7+6,, & $% =8 6, ' . $0 3 4 66C . ' E' $ % & ' 7() () . ,( EH XhAXaUHfSHI#WcIacESWVIWc%aXdY (,+ ' * < 2 3 4 6 E H C$ $ % & ' ) 7 %SUc (66++,(87 ($ * . %.$. . 3 4 2. C$ % & ' 7) 8 ) ( % -' $ AIITb1EaSWI'WG 7(6+ ' , =8 8 ' 22 3 4 +C 3 ,+) ,) ' .2 C % 68 8dacUI&dQRIb'WG 6,6+8 '$* + * 6, 5$. . 4' % . . 0 4 7 D ' . C$ () ' .'00. 68 4aIbcSQI#VYUXhIIHVSWSbcaEcXab'WG ,887(,, * 7( ' ' '' 2 3 4 ,( $..D 0 2 0.E 0. ) . .. 6+6 7dQEa$XXHb!XaY 6,87 ! + ' / =,+ -'% ' 2 3 4 7,$ '2 % C $ 8) +) 2 "SEWIeXW$dabcIWFIaQ7cdHSX 6+886 ) &$ * * C.$2 2 3 4 (6+5$2 % -' $ ) . + $aIbR"SaIGc 6(7( , * . 2 3 4 % $ C$ % & ' ,) 2F.CE %dEaHbVEaT 68,(8 =, 6 ' E ' D % .. ./ 2' -' $ ) ) #7cXaIb'WGEWHbbXGSEcIH!Xb 78 =+, , D . %.E00 . . 3 4 'E. C$ $ % & ' ) ) 4 $.2E 4 68( "XRIach#WcIaYaSbIb'WG ((+887 - % =+8 76 D ' 0 3 4 6 .C' $ E C$ $ % & ' 6) () .. . 6+ #VYSaI3PpGI'WG 86,, ( ! =+8, + C %' ' . 3 4 , 0 %% $ % & ' ,) 6) 8 7RIeIUU%aXdYXP!Xb 7(78, % ( ') * 68 ' 2 $'2.2 3 4 6 $ < $ ..2 '0 C$ $ % & ' () . <./4 $6 + % 7EVbR1dbSG!XaY ,878+ ) + * , ' . ' . '2' 6(3'%%E $' C $ % & ' 86) .. ( #SUIIW$SbRIa'WG 7+,7,6 - & * , 5 K .$2 2 3 4 2 . %$ C$ % %% 8) $. . . F 2, 4UEiE!XWbcadGcSXW!XaY (+7+( =(, + C ' 3 4 8,&$ 0./ ' $ % & ' ) 6) ( 8aEWb4IaPIGc 8(7,,,, * - ( ' =+6 +6, >.4..2'2 4' 3 4 0 % C0 $ % & ' 6) 6) 8 1Eg)EREW'WG ,6,+8+8 0 =7,8 D %20 ' . 4 5+6$ H +(8) ,) 8 4IabXWEU 8XdGR&XVI!EaI'WG 6(+8(+6+6 ) # ' , =+ 6 $ .$ 3 4 , $ . 0$ C$ % & ' 6) 86) E 8 & 0 !$ 2IFaEbTEUEWH'WG 6((+6 =+, 5$. . 4' 3 4 ,,-C 3 4 . $ % & ' (,) 8+) &+6+ EWp4aXHdGcb!XaY ,8887 =+, 7, 5 0 3 4 C 0D 4% # 1 % ,) ) . .. ,+, C $ % & ' 2XVXaIaEGTGXV'WG +,+ , * 6( . . %% 2 3 4 ( '$ -' $ % & ' +6) ' 4 8 4 $ @SbcE$XXH#gGREWQI'WG 6(,+++ 2 ( =(+ 67 5$. . 4' 4 'C0 % C$ $ % & ' +) 8) &0 &+6+
COMPANY SPOTLIGHT Gold biz loses its luster BIGGEST GAINERS % change in company revenue, 2013 vs. 2012* MAX KAHAN THE MAN BEHIND THE METAL has less green in his sheen. Among Crain’s top privately held companies, Max % change YE 2013 revenue (in millions) Kahan Inc. reported the biggest revenue drop for 2013, Nomorerack.com Inc. (64) down 48.6% to $381.3 million. The diamond district +432.7% $341.8 #60 shop,which sells gold to jewelry makers and buys their MediaMath (69) scraps, was expected to fall further in 2014, by 22.5%, buck ennis +134.2% $322.4 to $295.6 million. “The price of gold came down Intelligent Audit (70) tremendously,”Mr.Kahan said.“The sales came down,and the value of sales came down.” +119.9% $318.8 On the rise for more than a decade, gold peaked at $1,923 an ounce in August 2011 Hudson Realty Capital (67) and has since fallen to about $1,200. But—on the bright side—when the cost of gold +101.9% $333.2 goes down, demand for gold increases. “I’m not sure these are tough times for people in the gold jewelry business,” said analyst Jeffrey Christian, managing partner of CPM McKissack & McKissack (145) Group. He expects to see the price bottom out close to where it is now and slowly move +84.9% $100.8 upward into 2015 and 2016. —jessica kramer *For companies with available revenue figures for 2012 and 2013.
6 | Crain’s New York Business | book of lists 2015
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COMPANIES
A3!7!06! 31&!5! A A515( %0A)%((%104 3!7$A%0A)%($ 1)20@ 0' 1)20@ $10!8!4%5! 12A!9!65%7!4 "A$#$A74$A "A$#$A74$A !)2(1@!!4 563!A1"A64%0!44 !3A!0 "IWSREW&XbYScEUSch%aXdY +8,6 , =, ( . $02 3 4 ,,-%$ $ C$ % & ' 3 $0.E 8) () 68 3 4( ,5 C$ % & ' 3 $ F &dHbXW6IEUch!EYScEU ,,, ) / * * ++ , D . %'2 3 4 ,751' 5 $' 0 C220 7) # (#UIGcaSG'WbcEUUEcSXW!X 6(6(87+ =, <. . 3 4 +8+ . I(77 C$ (8) ,+) 2F.CE 1IHSE1EcR 8+8(++ 6*, * , >.4. $.2E 3 4 ++ E $ C$ % & ' +) % . 2 ( 0 2E 'WcIUUSQIWcdHSc (( 7 ) * + 0 % .' 3 4 85 ..2 ' C$ % & ' 77) 2 D $ .. 688 aXEHeSIf2IcfXaTb 7+76 =( (, C.' % 4' 3 4 (5 $ 4 $ % & ' 6,) ) DE ,6 'VYIaSEU EQ4EYIa!X +66++ + =, + 5$. . % 0 22 3 4 ,,5*7 ' 0 .42 C$ % & ' ) 7) I .'00. ECE68 + "SEUVIaSGE1EaTIcSWQ'WG ,(+ $ % + * , . 2 3 4 78 $' . . C$ $ % & ' * $$6+7, 4EUV Eh'WcIaWEcSXWEU'WG ,8(+6 +$ = , 5 0 0 3 4 +( 4 3 0.4E $ % & ' 6) +7) 5$2, 'WPXaVEcSXW dSUHIab 68++ ! = +6 % 3 4 ./ % 4'. $ % & ' ) ) 3YIW0SWT$SWEWGSEU'WG ,8688 , # ! + * % 3 4 ,DD./ .% $ % & ' +) 5. ,,8 UGXcc&6%aXdY 8+ $ =+ , % . 0.E 2/ 3 4 6<& ' . . 2 '0 ,) 6) - 2. 6, 8aEeIU!USGT (6+( % $ * 78+ . 0 ' 3 4 6 1' . . C$ % & ' ,) 8 24"%aXdY'WG ,88,6 + =7 (, 2 $ 0 4 75$ D 0 C$ $ % & ' ,+) (+) % 5$2, &EaFXa7IEPXXH'WG (8+, ( =, ++ 5$. . % / % 3 4 787 .. D $ 4 % C$ +) 7) E + 0SFIach1EaScSVI!XaY ,8+(((( ( ' = , 3 0 % 2 0 3 4 767 ' .4 E C$ % & ' 7) ,8) ' + 4aXVXcSXWSW1XcSXW!Xb'WG 6(+,( ! =7, , '% ' % ' 3 4 ,C 3 0 $ % & ' ) 6) % $ . .. . 6+ % 8IUg%aXdY'WG (66(,7 =8 (, 3 .' 3 4 .& C$ % & ' 7() 7) 0 + 496#'WbdaEWGI ((((6(6 $ $ =, 8 0 E '.E' 0 4 ++'$ E 0' ' C$ % & ' ++) 7) 5$ .8 EhbSHI$dIU3SU!XaY 6(67( ' =6 + 5$. . %%' .0 ' 3 4 668$ E 4E 0 7+) () .0 .E+ 9WSXW7`dEaI&XbYScEUSch%aXdY (,(, % % * * D ' 3 4 +51' < '$2E C$ % & ' * 7cIaUSWQ'WPXbhbcIVb'WG 68, ! =76 66 <0.E 4 2 ' 3 4 .24 $ -' $ % & ' +() ) 2 '0.$ .$ + " !dVFIaUEWH4EGTSWQ!XaY 6((,(+ ') - = +(+ -'% ' 3 4 C'4 . 0 $ % & ' +7) 7) .E, Eaa Eaa'WG ,8 ' =+ C ' 2 3 4 +85+$ 4 4 $ % & ' ) 6)
COMPANY SPOTLIGHT It all adds up for marketer PROFIT MARGINS BY INDUSTRY Average net profit margins of selected industries in the Northeast MEDIAMATH MEDIAMATH CEO JOE ZAWADZKI describes the company’s software as INDUSTRY 2012 2013 2014 a Bloomberg Terminal for marketers, where they can buy target- ed ads online, across mobile, social and video platforms. Its soft- Finance and insurance 10.6% 14.0% 15.1% ware, the TerminalOne Marketing Operating System, does for Health care 8.5% 8.6% 9.4% advertisers what was once done by dialing numbers for publish- #69 Real estate 5.2% 8.6% 8.5% ers.“People are realizing that, instead of doing this stuff manual- ly, they can now achieve 10, 50, 100 times better performance,” Manufacturing 4.3% 4.4% 4.9% Mr. Zawadzki said. More than 5,000 brands, including eBay and
bloomberg news Arts, entertainment and recreation 7.2% 6.5% 4.3% L.L. Bean, have signed up. MediaMath attributes its 134% growth between 2012 and 2013 to scaling its existing Information 4.5% 5.5% 4.2% clients across more media channels. In 2014, it opened offices in Paris, Singapore,Tokyo Construction 1.7% 2.5% 3.9% and Sydney. It acquired French cross-device targeting company Tactads, U.K.-based social-advertising firm Upcast, and Bellevue, Wash.-based targeted media-solutions Retail trade 1.4% 1.7% 2.2% company Rare Crowds, with more acquisitions to come. —nazish dholakia Note: Data reflect 12 months through October. Source: Sageworks Inc.
8 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0009-NAT-CCI-CN_-- 12/18/2014 12:09 PM Page 1
COMPANIES
A3!7!06! 31&!5! A A515( %0A)%((%104 3!7$A%0A)%($ 1)20@ 0' 1)20@ $10!8!4%5! 12A!9!65%7!4 "A$#$A74$A "A$#$A74$A !)2(1@!!4 563!A1"A64%0!44 !3A!0 &IWIQEW!XWbcadGcSXW!X 7+68++ $ " = 7 C ' 2 3 4 ,5$ $ 2 C$ $ % & ' 68) +) 2 . 2 2EcRIU2EcRIU'WG 6(778, # * + 5$. . % ' 2 4. 3 4 ,6C . 0 ' $ % & ' 6) &+6+ (61!XWbcadGcSXW1EWEQIVIWc ,+,, ) ! * C ' 2 3 4 +58$ I C$ % & ' ) 2 . 2 ( ( !EaI1IH4REaVEGIdcSGEU7IaeSGIb (666+, % * * 6, 0 .E0$ E * 7( ' 0 C$ % & ' * ' + 8IaVSWEU!XWbcadGcSXW!XaY 777, # = , C ' 2 3 4 , 2$E6'$ . ' $ % & ' 6,) ) 2 . 2 5D2 66, $(!7IGdaSch7IaeSGIb'WG ,8(8 & , ' =, 8 ' E.' 3 4 6, $' 0 %I ' E C$ (6) 7) -. . & , $ !36IPaSQIaEcSXW7dYYUh!XaY 6(767 ' =, 8 5$. . 4'% 3 4 +76 4 $ C$ % & ' 7) +7) % 2 2 2F.CE 1'0 0 '00. !UEaI6XbI'WG 8+6,(+ ' * 86 $. . 3 4 D <& ' . . $ % & ' 7) <0$ 786 #aQXWXVSG%aXdY'WG ,86+86666 ( ! = + F% $.2E.' 3 4 87C2' D D 22 '0 $ % & ' 8) ) 0 4' 5 4' E,7 !XUUIGcSeI 8+877(888 * + . 2 3 4 75+ .. -' $ % & ' ) 8 9WHIacXWI 8(,( % & $ * 32. 2 0E 3 4 + ' C$ % & ' ) 6 )SWH&IEUcRh7WEGTb 888 $*,% * ( ..' .%4 3 4 6 E -' $ % & ' ,6,) ( 7'7hbcIV'WcIQaEcSXW'WG 68 ' % * 86, F% $.2E' 2 3 4 +(56$ E C$ $ % & ' ) '.2 ( ' #B!XWbcadGcSXW!X 8+8888 % & , * 8 C ' 2 3 4 5$ $.. 4 & ' $ % & ' 6) 2 . 2 + )XRW4IHIabIW$XgbbXGSEcIb 7668, ($ * = 886 $ ' 3 4 5+ 0% 220 0. +6) ,) 8 $"!XWcaEGc$daWScdaI'WG 66 =7 86 C %' ' '.E ( $ % C$ % & ' 86) 7) 7 @SGI1IHSE'WG 6(,77 ' ' 6 =, '4.$20 . 3 4 77$ C%' $ % & ' ) (,6) ( .E+7 4ESQI#UIGcaSG!X 7(8(66( $ ! + * 5 4. . 3 4 80 2% .D 02 . C$ 0 ) 56( EacUIcc"ESah'WG 6(8,(77 + ) =( + 3 E% 3 4 ,,$ 4 . E 7() ,) +, !XVYdcIa%IWIaEcIH7XUdcSXWb'WG +(( ( & * , % % $.2E 3 4 E 2 $ % & ' +7) .' '' 2 ( .. 7YIGSEU1EcIaSEUb!X 8+888+ & * 8, >.4.0 .E $ . 3 4 65+$ 2.4. C$ % & ' 8) '% ' 4' ( 0EWQEW#WQSWIIaSWQ #WeSaXWVIWcEU +67,+ ) + ! , =7 (8 .0 2 2 3 4 7daeIhSWQEWH0EWHbGEYIaGRScIGcdaI .2 $ % & ' 6) 8) . ./ ! - ) 22 2 F . &EiIWEWH7EfhIa 666(+ ' " , * 6, . 3 4 +7( $ $/ E $ % & ' 8) 2 2 ( daXaE!XWcaEGcXab'WG 87(6(, & , 2 ' =, 8, 8 C ' 2 4 DE ' ) 8,) 2 . 2 2 D 667
COMPANY SPOTLIGHT Feeding off the city’s growth 2014 SALES GROWTH BY INDUSTRY Average sales growth of selected industries in the Northeast. BARTLETT DISTRIBUTOR BARTLETT DAIRY INC., No. 108 on Crain’s top privately held companies list, saw Construction DAIRY its 2013 revenue increase 19.8% from 2012, to $171 million. Bartlett, based in Jamaica, 11.6% Finance and insurance Queens,expects to grow further thanks to its 2014 acquisition of Farmland Fresh Dairies. 8.1% “That gave us opportunity and a slightly different customer base in the Health care New York metro area,” CFO Robert Patrizio said, noting that the deal 7.3% opened up Bartlett to more customers from New Jersey. Real estate #108 6.1% Other food sellers also reported big growth in the past year. Fruit Retail trade and vegetable wholesaler Nathel & Nathel (No.91),based at the Termi- 5.7% nal Market in the Bronx, saw revenue jump 17.2%, to $230 million. Manufacturing And online grocer FreshDirect (No. 49) saw a 25% increase 5.5% Information from 2012, to an estimated $500 million in 2013. Chief Exec- 5.1% utive Jason Ackerman said the company is “as energized as ever,” Arts, entertainment and recreation despite the recent launch of competitor Amazon Fresh. 2.7% —jessica kramer Note: Data reflect 12 months through October. Source: Sageworks Inc. istock book of lists 2015 | Crain’s New York Business | 9 20141222-NEWS--0010-NAT-CCI-CN_-- 12/18/2014 12:10 PM Page 1
COMPANIES
A3!7!06! 31&!5! A A515( %0A)%((%104 3!7$A%0A)%($ 1)20@ 0' 1)20@ $10!8!4%5! 12A!9!65%7!4 "A$#$A74$A "A$#$A74$A !)2(1@!!4 563!A1"A64%0!44 !3A!0 1IHSEXGIEW 8( =(8 7 % 0 % 2 3 4 +,5($ C$ % & ' 6+) +() ' E CXHUI ,+,+ $ $ * . 2% . . 3 4 ,5 E. C$ % & ' 8) 4' VIaIg%aXdY 87 ! =6 ( 5$. . 00 . 3 4 , $ &2 '0 C$ 0 ) 6+) ( "'HHEaSX!X 8+7 8 =,( , '% ' % 2 3 4 ,7,$ C$ $ % & ' ) ) % ' . ' - 2. 6, 7XUXVXW 4EQI%aXdY +8 % ' ' ( =8 0 E%%2 0 4 8 .02 22 () ,() & ' $%'.. 8 2 E $ 1ScGRIUU1EacSW'WG 7+++ ! " * =8( ( F% $.2E$ .$ 3 4 65($ ,) 7() %%2 '.2 ( YYUI 1IcaX'WG 7+666 6 + , =,8 , 00. 4 K ' 3 4 ,, 00. ' C$ $ % & ' +) +) ,( 3bGEaHIUE6IWcE (, 0 * , C.$2 2 3 4 5+ . C$ % & ' * . 8 IWpIUH#UIGcaSG7dYYUh!X 7+7+(888 $ =+7( + 3 4' % . ..2$2 4 ,%E 4 % . . $ % & ' ,+) ) 0 ' 5$ .8 0EPEhIccI2IfCXaT 8+86(6 9$ =, + 5 K00 .$. . 3 4 +(%E .%E +(E $ % & ' 6) 6) 8RXaWcXW8XVEbIccS'WG 76886( + 6 ' =8 ( ' ' . 2 2 2 3 4 , $ C$ $ % & ' 8+) ) 2.E ( ' * !ahbcEU!X (,( % * + F' 4 2 3 4 ..0 E. C$ $ % & ' ,+) , caSdV7cEPpWQ 7,, =6, ( %%2 ' 3 4 6-%$ '%% -' $ % & ' ,) 8() 3dcFaESW 8+8(86+7 7 ! * * C E0.% 3 4 75$ '4 C%' $ % & ' 8,) 0XaIW!XVVdWSGEcSXWb 6,+7 ( = , F . . 3 4 'WcIaWEcSXWEU0cH H C$ $ % & ' ) () . ' +(5.. , YY2Igdb 8+8(,8+8 /8% = 8 F 0 2 3 4 (5 00 &' C$ % & ' 68+) ,6,) $.2E0.% $ 7IeIW'WG 788++8 !$ =, + 7 5 % .' 3 4 5 + . $ % & ' 7+) 7() 0 ./ ' VIaSGXW!XWbcadGcSXW'WG 6+7 $ =8+ C ' 2 0 4 ++5($ 0. ) ) 2 . 2 %dEaHSEW7IaeSGI'WHdbcaSIb'WG 8+,7, '$4' %5 "* =, - .E.'0 '.E 8&$ 2' C$ % & ' 8) ,) I . C0 . ' E$2 C$ %0 2%% 3WGX 8+8,866 $ 6 =6 ( .2E0$ E 3 4 + 8 $ (6) +) 2XacR(IabIh1IHSE%aXdY'WG 76,876 * 7, 00 0'4.$2 3 4 > './ $I E C$ ) .0 2 5. 6++ ' YYUSEWGIb!XWWIGcSXWGXV (777+6 & $ * , . . %$ 00. 3 4 (6 $ 00. C$ % & ' * %' $2 .E+ 1G@ISQRbbXGSEcIb0cH 86(7(( & , 2 * 6, -'.. 22 3 4 6,3& 2$ $ % & ' (8) $ .' 2 .2 E .. 6 '.2% !2C%aXdY 78 * 87 C ' 2 3 4 +57$ E2 '0 +,) 2 . 2 (
COMPANY SPOTLIGHT Construction firms bulk up FORTUNATE FEW Top executives from select privately held companies AMERICON CONSTRUCTION COMPANIES OCCUPY 16 spots on Crain’s list of COMPANY NET WORTH the largest privately held companies, a sign of the building EXECUTIVE (RANK) TITLE (IN BILLIONS)* boom in the five boroughs.The New York Building Congress Michael projected $31.5 billion in construction spending in 2014. Bloomberg Bloomberg LP (4) Founder $35.7 “The city is very busy in terms of new leasings,upgrades istock Samuel “Si” Advance #131 Newhouse Jr. Publications Inc. (5) and retrofits,”said Richard Cucci,founding principal at No.131 Americon Construction Inc. Chairman $8.8 “With the advent of Silicon Alley, the demand for space is very competitive.” Americon Ira Chairman, reported 2013 revenue of $122.5 million, 10.1% more than in 2012. Rennert Renco Group Inc. (8) chief executive $6.3 Plaza Construction (No. 58) built the new Fulton Transit Center. The firm’s projected Donald Trump Chairman, revenue for 2014 was $815 million, more than double 2013’s and the largest expected Trump Organization (3) president $4.0 percentage growth on the list.“There’s a lot of luxury projects,” said CEO and President Chairman, Richard Wood.“Land is so expensive. It’s really hard to pencil out a rental project.” Res- John Red Apple president, Catsimatidis Group Inc. (8) chief executive $2.3
idential construction spending is forecast to reach $12.4 billion by 2016, up 80% from bloomberg news/ap image 2013, with the number of units rising by only 30%, to 24,000. —nicholas wells *As of Nov. 4, 2014 Source: Forbes
10 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0011-NAT-CCI-CN_-- 12/18/2014 12:10 PM Page 1
COMPANIES
A3!7!06! 31&!5! A A515( %0A)%((%104 3!7$A%0A)%($ 1)20@ 0' 1)20@ $10!8!4%5! 12A!9!65%7!4 "A$#$A74$A "A$#$A74$A !)2(1@!!4 563!A1"A64%0!44 !3A!0 !dacSb'WbcadVIWcb'WG 7+88876 '$ * '% ' % ' 3 4 , ' ' $ % & ' ) .% . $ . ', ,+7 &)7#WQSWIIab aGRScIGcbEWH0EWH7daeIhXab 6+6776 "$ = ,+( 7 C ' 2 3 4 +5.. $ C$ $ % & ' +,) +,) 2 2 $ ' , !4BS 8+8(8(7 , ' = ++ 32. $.2 0E 3 4 ++ E 0& C$ $ % & ' +7) 66) ( 8RIaVfIUU4aXHdGcb!X 8(+++ ) ! =, , '% ' %$ 3 4 +D' 6'$ % 2 () +,) $ 00 ' $$6+ 7dVVSc7IGdaSch7IaeSGIb'WG ,8++ $ # $ * 67 ' E 2 3 4 7DD./ ' ' E C0 * 4 2 ' 2 5. ,,8 8XdQR1dHHIa H * + 4 . ' 2/ 3 4 , $C '2$' C$ % & ' +6) .E "'QXbcSWX7dYIaVEaTIcb'WG 7+(+ # 8 + * '0 2 '0 3 4 (, D 2E $ % & ' * $,( 1G)SbbEGT1G)SbbEGT +78, % , * , C ' 2 3 4 &$ $ % & ' (+7) ( 1SWHUEWGI (8,+ 2 , = ,7 %%2 '.2 3 4 (D . C$ % & ' ) 8) 4 6 3 C$ %% .%% DIcE'WcIaEGcSeI 88, ) ' =8 6+ C' .% E . 2 3 4 (, / C$ % & ' +6) 68) 8 @SGXV!XVYdcIa7IaeSGIb'WG 887+7 2 .2 22 = ( F% $.2E 3 4 + $..D C0 6,) 7) - 2. 6, 2 2 <& ' 0 1G1daah*81% (((88(667 ( =77 6 -'.. 2 3 4 (<+,$ ' E2 C$ % & ' +) (() ' 22 2 E 6 ', C$ % ' %% 7fIIc!XWbcadGcSXW!XaY 77 ') =( + C ' 2 3 4 , 1' ' $ % & ' +8) (7) 2 . 2 + 2If CXaT EaIE .' CE 5 $ ' '%%. ' 2 < & ' 5 ' E D ' %2' $ 4 ' . 0. D 2 0 $2 4 ' ' .. %2' F % %2' % ' 0 . .0$4 ..E ' $ 2 '4 <& ' E $. . . * .4. -'.. %'.. 1' . % 0 + C$2 % F 8 + '.. , %3 8 %' 6< % % .E (E 2 $ 7 %3 D $9'/ $.5 .. ,
ALPHABETICAL LISTING OF PRIVATELY HELD COMPANIES
COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK 24 Seven Inc...... 130 CNY Group ...... 137 Harbor Seafood Inc...... 80 MediaMath...... 69 Sigma Plastics Group ...... 18 A&E Stores Inc. and Associated Cos...... 52 Collective ...... 99 Harold Levinson Associates Inc...... 22 Mediaocean ...... 114 Solomon-Page Group ...... 118 ABCO Refrigeration Supply Corp...... 96 Computer Generated Solutions Inc...... 109 Hazen and Sawyer ...... 112 Mindlance ...... 146 Special Materials Co...... 109 Advance Publications Inc...... 5 Continental Grain Co...... 20 Hearst Corp...... 2 Mitchell Martin Inc...... 119 Sterling Infosystems Inc...... 87 AFD Contract Furniture Inc...... 105 CPXi ...... 140 Henegan Construction Co...... 90 Modell’s Sporting Goods ...... 36 Structure Tone Organization ...... 14 Alcott HR Group ...... 77 Crestron Electronics Inc...... 30 Horizon Media Inc...... 10 Nathel & Nathel Inc...... 91 Sugar Foods Corp...... 48 Allied Beverage Group ...... 35 Crystal & Co...... 125 Hudson Realty Capital ...... 67 Nebraskaland Inc...... 62 Summit Security Services Inc...... 142 Amerex Group...... 116 Cumberland Packing Corp...... 88 Hunter Roberts Construction Group...... 31 Nomorerack.com Inc...... 64 Sweet Construction Corp...... 150 Americon Construction Inc...... 131 Curry Automotive ...... 42 IBEX Construction Co...... 103 North Jersey Media Group Inc...... 134 Telx Group Inc...... 83 Apple-Metro Inc...... 120 Curtis Instruments Inc...... 137 ICC Industries Inc...... 15 NPD Group Inc...... 79 Terminal Construction Corp...... 94 AppliancesConnection.com ...... 135 D’Addario & Co...... 117 Imperial Bag & Paper Co...... 72 Onco360 ...... 133 Thermwell Products Co...... 141 AppNexus...... 129 D’Agostino Supermarkets Inc...... 144 Infor ...... 16 OpenLink Financial Inc...... 76 Thornton Tomasetti Inc...... 124 ASI System Integration Inc...... 102 Denihan Hospitality Group ...... 66 Information Builders...... 75 Oscar de la Renta...... 121 Tory Burch ...... 24 DialAmerica Marketing Inc...... 73 Inserra Supermarkets Inc...... 23 Atrium Staffing...... 126 Outbrain...... 127 Tough Mudder ...... 143 Diane von Furstenberg Studio ...... 49 Intelligent Audit ...... 70 Aurora Contractors Inc...... 113 P.C. Richard & Son...... 21 Trammo Inc...... 1 Doherty Enterprises Inc...... 53 Jetro Cash & Carry Enterprises ...... 40 Bad Boy Worldwide Entertainment Group ...... 43 Paige Electric Co...... 107 TransPerfect ...... 59 Eileen Fisher Inc...... 57 JRM Construction Management ...... 92 Bamberger Polymers Inc...... 41 Palladium Equity Partners...... 17 TravelClick ...... 78 E-J Electric Installation Co...... 68 Key Food Stores Co-Operative Inc...... 37 Banfi Products Corp...... 63 Palm Bay International Inc...... 74 Trump Organization...... 3 Empire Office Inc...... 54 Kind Healthy Snacks...... 101 Barr & Barr Inc...... 89 Personal-Touch Home Care Inc...... 61 Tully Construction Co...... 38 Ergonomic Group Inc...... 98 Kohn Pedersen Fox Associates ...... 104 Bartlett Dairy Inc...... 108 Plaza Construction Corp...... 58 Turtle & Hughes Inc...... 46 Fedway Associates Inc. and Affiliates ...... 33 Krasdale Foods Inc...... 39 Bayside Fuel Oil Corp...... 85 Prestige Employee Administrators Inc...... 47 Undertone ...... 99 FJC Security Services Inc...... 95 Lafayette 148 New York ...... 123 Benfield Electric Supply Co...... 122 Promotion in Motion Cos. Inc...... 82 Union Square Hospitality Group ...... 85 FreshDirect...... 49 Langan Engineering, Environmental, Bloomberg LP...... 4 Surveying and Landscape Architecture ...... 111 Publishers Clearing House ...... 29 Univision Communications Inc...... 19 Gellert Global Group...... 26 Blue Tee Corp...... 34 Liberty Maritime Corp...... 80 PURE Insurance ...... 84 Vice Media Inc...... 106 Gilt...... 43 Broadview Networks ...... 71 Loren Communications International Ltd...... 128 Quality King Distributors Inc...... 13 Vicom Computer Services Inc...... 148 Goya Foods Inc...... 24 CAN Capital ...... 27 Manhattan Beer Distributors...... 32 Rallye Motors Holding...... 28 Vista Food Exchange Inc...... 65 Great Atlantic & Pacific Tea ...... 6 CareMed Pharmaceutical Services ...... 93 Max Kahan Inc...... 60 Red Apple Group Inc...... 8 Weeks Marine Inc...... 45 Guardian Service Industries Inc...... 132 Central National-Gottesman Inc...... 11 McKissack & McKissack ...... 145 Renco Group Inc...... 8 Westcon Group Inc...... 12 Guardsmark ...... 49 Charmer Sunbelt Group ...... 7 McMurry/TMG ...... 149 Sam Ash Music Corp...... 56 Yodle ...... 115 HAKS Engineers, Architects and Clare Rose Inc...... 96 Land Surveyors...... 139 McVeigh Associates Ltd...... 136 Shevell Group of Cos...... 55 Zeta Interactive...... 147
book of lists 2015 | Crain’s New York Business | 11 20141222-NEWS--0012-NAT-CCI-CN_-- 12/18/2014 12:10 PM Page 1
This chart was first published May 26, 2014 COMPANIES NY Area’s Largest Publicly Held Companies Ranked by annual revenue
8Ua`R dRhR`gR 7`RqRHd `Rf V`PaYR 7`RqRHd 9H`W %aYbH`q fVPWRd eqYIaX iRIeVfR V` YVXXVa`e " PUH`TR V` YVXXVa`e " PUH`TR 1`Qgefdq`gYIRd aS RYbXaqRRe SVdYiVQR bloomberg news
CRdVra` %aYYg`VPHfVa`e 1`P *+ #$ % #$ & ' !""( !) No. 19 !" *+ TIME WARNER CABLE 285adTH` %UHeR / %a ,-. * *+! +$ % +$ 4 ) ! )' ! INC. Chief Executive -) / 01"2) !3) !" * Robert Marcus has been 1`fRd`HfVa`HX $geV`Ree 5HPUV`Re %adb 56. *""+ *$ %*+ $ ;"1( ) 8 << ! 18(! in Washington of late, 7!3)8 9)8 /" :"!" making the case for an %VfVTdagb 1`P ; *"+ #$ %* #+$ 4 ) ! )' ! acquisition of the -) / ! 2(1!" company by telecom 8UVXVb 5addVe 1`fRd`HfVa`HX -. ** *!+" #$ %+* $ &:)!! ) 8 <8 ) 8 : )2 18(! -) / 1" !" giant Comcast. Federal regulators will decide #YRdVPH` 1`fRd`HfVa`HX )dagb 1`P /5= *!+ ! $ %+ #*$ 5 () ! ) + ) 2!" * whether the $45 billion 5Rf4VSR 1`P .>& + *!+"" #$ %*+ #$ 5 () ! deal—which would -) / ** " ' < !" * provide cable television 8RbeV%a 1`P ->- *+ #$ %* #$ 48 ) 8 : )2 18(! to nearly a third of / 8 ? '' 9)8 -(!3) 1 1 !!" Americans and control 8SVrRd 1`P -4> *+! *$ % #$ -3)")! ( !)' 40% of the country’s > 8 1< !" broadband—would 8dgQR`fVHX (V`H`PVHX 1`P -9@ + * *+ $ %** $ 5 () ! thwart competition. 6)8 ) , 1(8 )'!" )aXQYH` @HPUe )dagb 1`P = *+! $ %+ #*$ !( + 2'8") )!3 !" 5adTH` @fH`XRq . * *+!! #$ % #+$ !( + 6)8)A * "2) ) ' A!" #YRdVPH` 'pbdRee %a /B- * *+" #$ % #*$ 4 ) ! )' ! A + )" !) C1 !" *+ AVYR DHd`Rd 1`P & B + + *"+ " #$ %* #*$ > ) " " 8 ) ) 8 ' ! & " ) ; " ) !" AiR`fq(Vdef %R`fgdq (ap 1`P 47B/ + * + #$ % #$ > ) " ) 8 " 8 ) C 3 / * !<!" *
bloomberg news AdHhRXRde %ae &9 + * *+" #+$ %* #+$ 5 () ! + D C 2 / ) ' !" + No. 26 #XPaH 1`P // +* * *+ +$ %+ $ /'(" ) ) 8 )'(" (" 18(! -) / )'!)!" * A year ago, OMNICOM GROUP INC. and France’s 0Ree %adb ?> + *+! $ % #$ - ' (" + C 3 / * 3 !" Publicis (led, respec- AVYR DHd`Rd %HIXR 1`P & ; * + *+ #$ % $ ;):' ' ) 8 ' !""( !) tively, by CEOs John * ;'(":( ; !' " ) !):' !" * Wren, right, and Maurice 1PHU` '`fRdbdVeRe 5>- *+! #$ % #++$ ?'8 2 !"1) A Lévy, left) touted their so- * 4 < 3 / '1!" called merger of equals, %aXTHfR8HXYaXVhR %a ;D * + #$ % $ ? )' 3 ) 8 : )( A ) 8 as the best way to com- -) / !'2) 1)'"' !" pete against Google. But $dVefaX5qRde @cgVII %a 6. * *+! $ %* #+$ -3)")! ( !)' the deal fell apart -) / :" !" + because top officials $H`W aS 6Ri FadW 5RXXa` %adb 6E + *+ #*$ % $ 6) 2 couldn’t agree on who )'' +* : A" '' !" would run the place. %$@ %adb ;6 *+! #+$ %+ #$ > ) " ) 8 " 8 ) 8 !: !1) !" 4aRie %adb D *+ #$ % #+$ ?'8 2 !"1) A ** .)8 / * ' !" + 7Y`VPaY )dagb 1`P 7.; * *+! #*$ % $ /8 2 )2 ! .)8 / " !"2(1!" + CVHPaY 1`P 5/6 + * *+ " $ % #$ 4 '" 18(! ) 8 !):' ' 6)8)A * )!"!" 4 %aYYg`VPHfVa`e 0aXQV`Te 1`P DDD * *+" $ %+ $ F < ! * &3 8 / * ' !"!" + %a`eaXVQHfRQ 'QVea` 1`P >F * * *+ #$ %* *$ >' ! ! ) 8 2) ( ' A 5 2 -')! ! 8 !" *+ bloomberg news 5HdeU / 5P4R``H` %ae ..; *+ #+$ % #$ 5 () ! No. 34 ** C 3 / * ""!!" $RQ $HfU / $Rqa`Q 1`P 666 + *++ +++ *+ #$ % $ ?( ) ) 8 3" <( 3 2 HERTZ GLOBAL HOLDINGS * D : A / @ , + : 8:) 3) 8: A 8!" + INC. announced in #gfaYHfVP &HfH 8daPReeV`T 1`P /F- *+ #*$ %+ #$ F) ) 1! 2 September 2014 that its /F- 6' 8 9 ') 8 , *+ )81!" * chief executive would 4RgPHQVH 6HfVa`HX %adb D@E * *+! #$ %* *$ 5 () ! step aside amid .)8 / ' (!)8 )!" * accounting problems at 0Rdfr )XaIHX 0aXQV`Te 1`P ?& *+ " #$ %* #$ ;) )' the car-rental company. 6) 6' 8 -) 9 82 , ** 3 !" He was replaced by an 'efsR 4HgQRd %ae >D *+! #+$ %+ #$ ? )' 3 ) 8 : )( A ) 8 executive backed by * 4 < 3 / '!"1) !" activist investor Carl $XHPW9aPW 1`P 6DE + *+! #$ % #$ 5 " )8 ! Icahn. > 8 :')!!!" 8gIXVP @RdhVPR '`fRdbdVeR )dagb 1`P ->= *"+"! #$ % $ >' ! ! ) 8 2) ( ' A + -) -') ) ) , 1 2!" ++ #ha` 8daQgPfe 1`P /- + *"+" $ %* $ ? )' 3 ) 8 : )( A ) 8 &3 8 / ) !" *
12 | Crain’s New York Business | book of lists 2015
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Attorney Advertising - For purposes of compliance with New York State Bar rules, our headquarters are Sidley Austin LLP, 787 Seventh Avenue, New York, NY 10019, 212.839.5300; One South Dearborn, Chicago, IL 60603, 312.853.7000; and 1501 K Street, N.W., Washington, D.C. 20005, 202.736.8000. Sidley Austin refers to Sidley Austin LLP and affi liated partnerships as explained at www.sidley.com/disclaimer. Prior results do not guarantee a similar outcome. 20141222-NEWS--0014-NAT-CCI-CN_-- 12/18/2014 12:14 PM Page 1
COMPANIES
8Ua`R dRhR`gR 7`RqRHd `Rf V`PaYR 7`RqRHd 9H`W %aYbH`q fVPWRd eqYIaX iRIeVfR V` YVXXVa`e " PUH`TR V` YVXXVa`e " PUH`TR 1`Qgefdq`gYIRd aS RYbXaqRRe SVdYiVQR 0R`dq @PURV` 1`P ?5; * + *"+ #*$ %* #$ ? )' 3 !) 18(! ) 8 ! F(A ) 9)8 . ' '' 3 A !3 !" * #eegdH`f 1`P /5 + *"+ #*$ %++ #$ 5 () ! ;3) .) 3) ) -') ) ) () !" ** 6Rie %adb / + *!+!" #$ %* $ . 8 ) ) 8 ) " C 3 / * !1!" %aT`VrH`f ARPU`aXaTq @aXgfVa`e %adb ;&? + *!+! #$ %+* #*$ < ) 4) 6( 6' 8 & ) ! , *** !2 ) !" bloomberg news CaqH (V`H`PVHX 1`P 7/ + *!+ ! +$ %* #$ 5 " ") )2 " No. 41 -) / * A)!" The new NEWS CORP., 5HefRd%HdQ 1`P ./ *!+ #$ %* #$ -)A" '( which Rupert Murdoch -(!3) -(!3) ") !)8!" + split off from 21st 8C0 %adb -? + *!+! #$ % **$ /11) ' Century Fox to focus on 1 3!" .)8 / * publishing, is doubling $RPfa` &VPWV`ea` / %a 6FB + *+ *!+ #$ % #$ . 8 !)' G( 1" ) 8 (11' 6 ! F 4) ' D) , :8!" down on e-books with last May’s $415 million @RHXRQ #Vd %adb >> * * +"! #$ % $ -)!)2 2 9 < 6' 8 >'"8 -) , )' 8) !" purchase of Harlequin 1`fRdbgIXVP )dagb aS %ae 1`P 5-= * + #$ %* $ /8 2 )2 ! Enterprises, a romance- C 3 / * 1(:' !!" novel publisher. Third- 9HXbU 4HgdR` %adb 9D + *+"! #$ % #$ /11) ' quarter 2014 income * .)8 / )'13')( !" fell, but hit titles helped $Hd`Re / 6aIXR 1`P * 6E * *+!" $ %+ $ 6 results look better than 4 < 3 / :) ) 8 :' !!" + expected. Chief $XHPWefa`R )dagb 6B + *+ #*$ % #+$ 4 ) ! )' ! Executive Robert -) / :')! !" Thomson defended the (aaf 4aPWRd 1`P 4D *+ #$ % #+$ 3 focus on the written 3 < '! !!" + word, saying there is %RXTR`R %adb ;>D= + * *+"" #$ % $ 6 13)")! ( !)' “no doubt that book +* . / ("" , ! '2 !" publishing is %HIXRhVeVa` @qefRYe %adb ;; * + *+ #*$ %* #$ ;):' ' ) 8 ' !""( !) transitioning ) / 6 31)2 !):' !" * successfully to digital.”
Anyone who wants to grow needs to break down walls. That’s what we’re all about.
www.be.berlin.de
Ralph Anderl, ic! berlin
14 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0015-NAT-CCI-CN_-- 12/18/2014 12:15 PM Page 1
COMPANIES
8Ua`R dRhR`gR 7`RqRHd `Rf V`PaYR 7`RqRHd 9H`W %aYbH`q fVPWRd eqYIaX iRIeVfR V` YVXXVa`e " PUH`TR V` YVXXVa`e " PUH`TR 1`Qgefdq`gYIRd aS RYbXaqRRe SVdYiVQR 0HdIV`TRd )dagb 1`P ?9= * + *+ #$ %+ $ ?( 3'8 18(! -) / 3): 2 2(1 !!" 2Rf$XgR #VdiHqe %adb ,6D@ + +* *+ #$ %*+ #$ / ' H( -') ) 3 D 2 5 ') 8 ; A 0 :'( !" ++ #XXRTUH`q %adb * *+" #*$ %*+ $ 5 () ! " )' 18(! & " G() * )'' 23) A!" + 5P)dHi 0VXX (V`H`PVHX 1`P .?45 *+! #*$ %* #$ -(:' 3 2 ) 8 <") ! C 3 / "3< !" #$5 1`QgefdVRe 1`P /6. *+!" #+$ % #*$ > " )' ) 8 <)! ' ! 4 < 3 / * ):"!" %afq 1`P ;7& + *+" #+$ %*+ $ ? )' 3 ) 8 : )( A ) 8 4 < 3 / + ! A!" %# 1`P ;/ + *+ *$ % #$ < )
;/ -') ) 5 ') 8 ) !)!" * buck ennis AVSSH`q / %a &54 + *+ #*$ %+ *$ , 'A No. 50 4 < 3 / <<) A!" * A big question in the EqXRY 1`P BD *+! #$ %+ $ 4'( 8 !3 '2A ) 8 G( 1" '( 5 ) )' F 9A 6 CA' " !!" book business nowadays is how much @VdVge @HfRXXVfR 9HQVa 1`P 595 + *+ "" #$ % +$ ) '' )8 C 3 / ( C"!" longer BARNES & NOBLE #baXXa )XaIHX 5H`HTRYR`f /-7 *+ #$ %* #$ 4 ) ! )' ! INC. can survive. The 3 )2"!" bookseller is closing AaiRde DHfea` / %a & *+"! #$ %++ #$ -< )' ! stores, including its West + &3 8 / ) !" Village location on Sixth %1A )dagb 1`P ;5& * *+ $ %* $ ;"" ! )' ) 8 ! (" < ) ! Avenue, and Chairman 8 * ! !" Leonard Riggio in 2014 #``HXq %HbVfHX 5H`HTRYR`f 1`P D ** *+! $ % #$ 9 )' ) " ( sold nearly a quarter of C 3 / * ) )'A!" + his shares. Mr. Riggio @qefRYHp 1`P B * *+ *+ $ %+ $ ;"1( ) 8 ') 8 18(! insists his company has ?): -) F - ) 3 2 A ")C!" a promising future, but 6HeQHc 75E )dagb 1`P F/H + *+ #$ %+ #$ >' ! ! ! ") it’s increasingly hard to D : A -') ) * ) 8)G"C!" * see what it is.
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book of lists 2015 | Crain’s New York Business | 15 20141222-NEWS--0016-NAT-CCI-CN_-- 12/18/2014 12:15 PM Page 1
COMPANIES
8Ua`R dRhR`gR 7`RqRHd `Rf V`PaYR 7`RqRHd 9H`W %aYbH`q fVPWRd eqYIaX iRIeVfR V` YVXXVa`e " PUH`TR V` YVXXVa`e " PUH`TR 1`Qgefdq`gYIRd aS RYbXaqRRe SVdYiVQR bloomberg news %9 $HdQ 1`P 6;9 + + *+" #$ %*++ #$ . 8 !)' G( 1" ) 8 (11' No. 90 ; )' / .()A ? '' , !:)8!" These are halcyon days 1#%1`fRd#PfVhR%adb 5/;5 *+ #$ %++ #$ & ' ) 8 5 in private equity, with + 3 )!!" firms like KKR & CO. 5aaQqFe %adb .;7 *+" #+$ %+ #**$ ; 8 ) 2 )2 !A reaping vast sums from = !3 "8A !" + selling companies they 1`fRd`HfVa`HX (XHhade / (dHTdH`PRe 1`P 544 * *+"" #$ % #$ / < ! )' <') ) 8 )") acquired years ago. Co- 3 <<!" * founder Henry Kravis was (adRef 4HIadHfadVRe 1`P 49B + *+"" $ % $ -3)")! ( !)' &3 8 / <C!" + paid more than $160 million in 2013, or eight #YAdgef (V`H`PVHX @RdhVPRe 1`P /45 *+" " #*$ % #*$ 5 () ! .) 8 D) + )" ( 2(1!" + times more than 8HXX %adb + -DD * + *+! $ % #+$ 5 8( )' G( 1" JPMorgan CEO Jamie ?): -) F - ) 3 2 1)''!" + Dimon, and in 2014, the Cad`HQa 9RHXfq Adgef 7 + *+ *$ %* $ 9 )' ) " ( firm decided to offer +++ 3 / !" * access to its buyout $)% 8Hdf`Rde 1`P 6=;- ** * *+"! #$ % #$ 6 )2 ! funds to individual -) / :2!1) !" *+* investors. That could be 1AA %adb 5&& * *+"" #$ %++ #+*$ F < A " ) 8 ! a sign that the buyout !3 / 3 -') * !" boom has peaked. #`` 1`P / *+" #$ % $ /11) ' & " G() * ) !!" + 5@% 1`QgefdVHX &VdRPf %a .. * + *+ #$ %+ +$ 5 8( )' 18(! .)C 9)8 . ' '' " !8 ! !" * $daHQdVQTR (V`H`PVHX @aXgfVa`e 1`P 69 * *+! #$ % #*$ F) ) 1! 2 ) 8 ( (! 2 + .)!( / D) (!! :)8 82 !" * #74 1`P /7D * * *+"" #+$ % $ : ! 6)8)A !1)'!" B`VhRdeHX #YRdVPH` %adb @/. *+ $ % $ 5 () ! ( 3 6)8)A 3 -') * ( )')" !) !" 9RTR`Rda` 8UHdYHPRgfVPHXe 1`P 9>= *+ #$ % $ 6 13)")! ( !)' bloomberg news 7'8 ) . '' 9 9)8 &)A 2 !" No. 107 CaXf 1`SadYHfVa` @PVR`PRe 1`P 55 *+"" *$ % $ )<< 2 ! The business * C 3 / + ' !" community’s anxiety #sdabaefHXR 1`P /97 ** + *+"" $ %+ $ /11) ' 3 ) 1 )' !" over the election of Mayor Bill de Blasio was 'HAdHQR (V`H`PVHX %adb >&4; ** *+"! $ %+* $ 4 ) ! )' ! C 3 / )8 !" “overblown,” SL GREEN REALTY CORP. 339 / %a EE9 + *+"! #$ %* #$ 4 ) ! )' ! Chairman 3 !" Stephen Green told 6Ri FadW %aYYg`Vfq $H`Padb 1`P ;6 * *+ *+"" $ % $ 6) 2 investors in December * . ! / :(A "A A!:!" + 2013. One of the city’s 7PUGVSS %HbVfHX 5H`HTRYR`f )dagb 7. *+!"" #*$ %*+ $ 5 " )8 ! largest office landlords, 3 !)1!" * SL Green was let down )dVSSa` %adb =44 *+! #$ %+ $ .) )2 " ) 8 3'8 2 !"1) A when plans to rezone 4 < 3 / 2 << !1!" midtown east were foiled @PUaXHefVP %adb ;?D * *+ " *$ % **$ -(:' 3 2 in late 2013 by the City 6)8)A !3') !!" * Council. But company %UVXQdR`Fe 8XHPR 9RfHVX @fadRe 1`P -D;> + *+ ! $ % *$ /11) ' President Andrew -') ) F !)(!( , !3 '8 1')! !" * Mathias said he was * 2aU` DVXRq / @a`e 1`P , / + * *+ ! $ % $ -(:' 3 2 expecting a new plan for 9 ?: , ' A!" East Side development 0HV` %RXRefVHX )dagb 1`P ?/5 * + *+ #$ % #$ 48 ) 8 1 )' !) 18(! .)!( / D) (!! 3) ! ' )'!" ** to be in place by the end of 2014. DRVTUf DHfPURde 1`fRd`HfVa`HX 1`P & + *+ *$ % $ 23 ' ! * C 3 / 23 ) !3 ) )'!" )111 #bbHdRX )dagb 4fQ =555 *+ ! #+$ % #*$ /11) ' 3 / + 2 !" + #fXHe #Vd DadXQiVQR 0aXQV`Te 1`P // + *+" #$ %+ +$ =':)' ) < 23 !3 / -(!3) ) ') ) !" &g` / $dHQefdRRf %adb F6 *+ $ %+ $ 5 <") ! ,4E -))A 3 ? '' , + 8 :!" * 1&A %adb + 5F& + *+ #*$ %* $ & ' !""( !) buck ennis 6)8 ) , 8 No. 110 CRdVeW #`HXqfVPe 1`P 9E * *+" #$ %+ #+$ 9 ") )2 " ! ) 3 2 6' 8 , A ; A , !" In October 2014, the board of the MADISON #5% 6RfiadWe 1`P /.;B + *+"" #$ % #$ ;):' ' ) 8 < '" - -') ) )"! !" SQUARE GARDEN CO. AUR 6Ri FadW AVYRe %a & * *+ $ %* $ -(:' 3 2 said it would explore * > 23 3 / + A !!" breaking up the 9RhXa` 1`P 9> *+" #$ %+ $ ? )' 3 ) 8 : )( A ) 8 business. The proposed -) / ' !" * split would separate the @4 )dRR` 9RHXfq %adb D= *+! #$ %* $ 9 )' ) " ( Knicks, Rangers and D C 2 / '2 !" * MSG cable channel from CVXXHTR @gbRd 5HdWRf 1`P + D=>/ * *+ #+$ %+ +$ =! A other entertainment .( ) / 1 2< '8 , + 31 !" * assets owned by the 0gQea` %Vfq $H`Padb 1`P ?;6E * *+ *$ %+ $ 6) 2 company. + ; (A 9)8 -))"( , * 3! : ' !" + 5HQVea` @cgHdR )HdQR` %a .= * * *+! #$ % #*$ 1 ) " ) 8 " 8 ) - -') ) 3 2)8 !" ++ @fRhR` 5HQQR` ?77 + * + *+"" #$ % #$ 4 ) * 6) / D 2 5 ') 8 ; A ")88 !" +*
16 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0017-NAT-CCI-CN_-- 12/18/2014 12:16 PM Page 1
COMPANIES
8Ua`R dRhR`gR 7`RqRHd `Rf V`PaYR 7`RqRHd 9H`W %aYbH`q fVPWRd eqYIaX iRIeVfR V` YVXXVa`e " PUH`TR V` YVXXVa`e " PUH`TR 1`Qgefdq`gYIRd aS RYbXaqRRe SVdYiVQR %$@ 7gfQaad #YRdVPHe 1`P ;67 * *+" #$ % #*$ /8 2 )2 ! D C 2 / !: ( 8!" (adfdRee 1`hRefYR`f )dagb 45= + * *+ #$ % #*$ 5 " ") )2 " C 3 / < !" 3HfR @bHQR / %a E/&> *+" #$ % $ /11) ' 6)8)A + ) 1)8 ) 8!"1) A!" *+ #YIHP (V`H`PVHX )dagb 1`P /.6; **+ *+ #+$ %+ $ 5 () ! bloomberg news ) -') ) )":)!!" No. 137 AHWRAia 1`fRdHPfVhR @aSfiHdR 1`P && 7 ** * + *+ #$ % $ < ) * 6)8)A ) 2)" !" Centuries-old auction 3VYPa 9RHXfq %adb E5. * +* *+ #$ %* $ 9 )' ) " ( house SOTHEBY’S called ?A8 -) 9)8 ?A8 -) "! )' A!" a truce in May 2014 $dVpYad 8dabRdfq )dagb 1`P 69B +* *+ #$ % $ 9 )' ) " ( after a protracted proxy D C 2 / : C"!" * war with activist investor #'8 1`QgefdVRe 1`P />-5 * ** *+" +$ % *$ -') ! 1)!)2 2 18(! Daniel Loeb. Mr. Loeb, ;3 ( 9 82 9)8 . )' , * ) 1 !!" * founder of hedge fund @Vda`H &R`fHX @qefRYe 1`P 597 + + *+ #$ %* #*$ F )' G( 1" Third Point and an avid 3 / D 2 5 ') 8 ; A )!" * art collector, had called @PVR`fVSVP )HYRe %adb =. *+"" #$ % $ )2 2 ) 8 ' A A " for the ouster of Chief D C 2 / ! < !2)" !" Executive William CVfHYV` @UabbR 1`P 5 +*+ *+! #$ %** #$ )" ) 8 ( )' (11' " Ruprecht since October, 3 6 2 , )" 311 !" + questioning the 5HPcgHdVR 1`SdHefdgPfgdR %a .5; *+ #$ % #*$ / 1 ! company’s strategy and 3 ")!G() !"I" ! top executives’ 5@%1 1`P .;5 + *+ #$ %* #+$ 4 ) ! )' ! '8 &)8 ; " ! !" * extravagance. The auction house agreed to 3%) 0aXQV`Te 1`P E;= *+ #+$ % #*$ 5 " :) 2 ) 8 : )2 ) 3 2 6' 8 , A ; A , !2!" appoint Mr. Loeb and 7bbR`URVYRd 0aXQV`Te 1`P 7- **+ + *+" #$ % $ 5 " :) 2 ) 8 : )2 two of his candidates to + 6)8 1!!" its board of directors and 5V`RdHXe ARPU`aXaTVRe 1`P .&B ++ + *+! #$ %+ #+$ . )' 18(! cap their shareholder * &3 8 / " )' !3!" + stake at 15%. 7hRdeRHe @UVbUaXQV`T )dagb 1`P 7=5H *+ $ %*+ $ > 2A ) 1 ) C 3 / 2!" +* @fH`QHdQ 5afad 8daQgPfe 1`P .- + *"! #$ % #$ . 3 !' 1) + 3 6' 8 D 2 5 ') 8 ; A "1!1!" 6Ri FadW / %aYbH`q 1`P ++ *"" +$ % #$ /11) ' 8 A) 8!"1) A!" * 5$1# 1`P .65 *" $ % $ 5 () ! E 2 /" ": )!" 6HfVa`HX )R`RdHX 0aXQV`Te %adb =?; + *"" #$ % #$ 5 () ! .) 8 D) + ) )'2 )'!" CRdV`f @qefRYe 1`P 9& * * * *" #+$ %+ $ & ' !""( !) ( 3 ! 9)8 . ' '' !" )(1 )dagb 1`P =45= *+ *" $ % $ !( ) 2< 2(1!" + 9%@ %HbVfHX %adb 9;/- +** ++ *!! #+$ %* *$ 5 " :) 2 ) 8 : )2 -) / ! !)1 )'!" * #dRe %HbVfHX %adb /9;; *!! #$ %++ $ 5 " ") )2 " -) / * ) !)1 )'!1!" I) bloomberg news @afURIqFe 65F ** *! #$ % #$ /(! 3( / 3 :A !" No. 147 $Va@PdVb 1`P 657 * * *! #$ %* $ -3)")!A : < ") )2 " Something may be ;' ): 9)8 >'" <8 : ! 1!" rotten at FAIRWAY C7EE 1`fRd`HfVa`HX %adb 7BB * *!" $ %** I" >' ! ! GROUP HOLDINGS CORP. + .)!( 6' 8 ?)(11)(2 ++ CC '!" Stock in the popular 5a`efRd DadXQiVQR 1`P . *! $ % $ ,: )!3 : ) 8 )8 2 ! supermarket tumbled * &3 8 / ):( " !" nearly 30% one day in @fRRX 8Hdf`Rde 0aXQV`Te -D- *! #$ % *$ .(' ! 3'8 2 February 2014 after the .)8 / '1) !" company unveiled @VT`HfgdR $H`W 6 ** + * ! #$ %+ #$ 6) 2 dismal financials. * 4 < 3 / 2 ) ( A!" Shares have declined 'hRdPadR 8Hdf`Rde 1`P >9 + * " #+$ % #+$ !( 84% since the beginning > 8 ! !" of 2014, and in !(XaiRdePaY 1`P 4D * * * #$ % $ 4' ) 8 2 < 7'8 ;( A 9)8 ;)' -')! +<' !" December, Howard Glickberg, who helped 6adfU@fHd 9RHXfq (V`H`PR %adb 94 * * #$ %+ $ 9 )' ) " ( -) / 8)8 ? 9 F >'"8 -) , : < ! !" would retire, effective (HVdiHq )dagb 0aXQV`Te %adb 4 . ** ** + * #$ %* $ 48 ) ' immediately. + 3 / <) )A") !" + 0gQea` )XaIHX 1`P ?7 * $ % $ >C !( )!3 ) 8 )<< 2 Company mini-profiles * D C 2 / 3(8 !" written by Aaron Elstein 0H`Qq / 0HdYH` 4fQ ?? * * #$ % #+$ . )' 18(! and Nicholas Wells. !3 / 3 -') * 3) 8A3)") !" +* #RdaSXRp 0aXQV`T %adb /9B * * * * +$ % $ >' ! ! !"1 ( 3 ! 9)8 -') + ) <' C!" (! J K- ;)1 )' 5H + 1!)1 )' G!"L )88 )' )!3 :A ( ) -) )) ) 8 !3') '' 6Ri FadW HdRH !'(8 ; A ) 8 ) )( (<<' ) 8 !3 !( ) 8 6 2 > C ?(8 ) 8 @ !( , A /'' !"1) ' 8 3 )8G() 8 3 ) ) ) 81(:' !'A )8 8 ) < /1 ' ) 8 3 A 3)8 ' ) 8 3 " ! ) ()' ) 2 8) ) :A 3) 8)A ( ' 3 8 /'' < ) ! )' < 2( ) <" 3 " ! E 8) ) ) ) '):' ) < /1 ' ) 8 ) < 3 !)' 8) A ) C! 1 3 8 &3 " ! 8) ) < !"1) 3 < !)' A ) 8 2 .)!3 3(23 F ! ": ) < 3 A ) 8 8 ) 8 3 " ! 8) ) < !"1) 3 < !)' A ) 8 2 ,) ()A ) 8 4 :()A ) < 3 A ) 8 8 C! 1 3 8 9 (' <" 1 ( A ) ) 1 8 8 < 3 !"1) < 3 !3 3 " !( <") ) ) '):' >"1'A (": ) <" 3 " ! E /'' (": 3) : ( 8 8 8 ! ")' 1')! 9) 2 ) 8 1 ! )2 !3) 2 ) :) 8 ( ( 8 8 (": I) ) ) '):' I" " ) 2<('J 7 : 3 8) ) 1 ) 2) ) 8 ) 1 ! )2 !3) 2 !) : !)'!(') 8 4 !)' A ) 8 ,( 4 !)' A ) 8 1 4 !)' A ) 8 4 : + 4 !)' A ) 8 ,) 4 !)' A ) 8 .)!3 * 4 !)' A ) 8 /1 ' 4 !)' A ) 8 7! + 4 !)' A ) 8 ,('A 4 !)' A ) 8 /(2 4 !)' A ) 8 .)A &3 !"1) A 3 ) 3 < " ") )2 8)A 8)A 1 ) 9 )!3J
book of lists 2015 | Crain’s New York Business | 17 20141222-NEWS--0018-NAT-CCI-CN_-- 12/18/2014 12:16 PM Page 1
COMPANIES
ALPHABETICAL LISTING OF PUBLICLY HELD COMPANIES
COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK
1-800-Flowers.com Inc...... 144 Apollo Global Management...... 65 Bristol-Myers Squibb Co...... 22 Coty Inc...... 60 Harbinger Group Inc...... 55 Aéropostale Inc...... 88 Ares Capital Corp...... 136 Brixmor Property Group Inc...... 118 Dun & Bradstreet Corp...... 101 Henry Schein Inc...... 39 ABM Industries Inc...... 59 Assurant Inc...... 40 Broadridge Financial Solutions Inc...... 83 E*Trade Financial Corp...... 89 Hertz Global Holdings Inc...... 34 AEP Industries Inc...... 119 Atlas Air Worldwide Holdings Inc...... 100 C.R. Bard Inc...... 71 Estée Lauder Cos...... 35 Hess Corp...... 18 Aeroflex Holding Corp...... 150 Automatic Data Processing Inc...... 32 CA Inc...... 61 Evercore Partners Inc...... 143 Hudson City Bancorp Inc...... 109 Alcoa Inc...... 17 Avon Products Inc...... 38 Cablevision Systems Corp...... 54 Fairway Group Holdings Corp...... 147 Hudson Global Inc...... 148 Alleghany Corp...... 57 Bank of New York Mellon Corp...... 23 CBS Corp...... 24 Foot Locker Inc...... 52 IAC/InterActiveCorp ...... 72 Ambac Financial Group Inc...... 115 Barnes & Noble Inc...... 50 CBS Outdoor Americas Inc...... 112 Forest Laboratories Inc...... 75 Icahn Enterprises...... 20 AMC Networks Inc...... 104 Becton Dickinson & Co...... 46 Celgene Corp...... 53 Fortress Investment Group...... 113 IDT Corp...... 102 American Express Co...... 13 Bed Bath & Beyond Inc...... 31 Children’s Place Retail Stores Inc...... 95 GFI Group Inc...... 134 International Business Machines Corp...... 3 American International Group Inc...... 6 BGC Partners Inc...... 79 CIT Group Inc...... 67 G-III Apparel Group Ltd...... 99 International Flavors & Fragrances Inc...... 74 AmTrust Financial Services Inc...... 76 Bio-Reference Laboratories Inc...... 146 Citigroup Inc...... 4 Goldman Sachs Group Inc...... 11 Interpublic Group of Cos. Inc...... 48 Ann Inc...... 81 BioScrip Inc...... 138 Cognizant Technology Solutions Corp...... 42 Griffon Corp...... 93 ITT Corp...... 80 Annaly Capital Management Inc...... 68 BlackRock Inc...... 36 Colgate-Palmolive Co...... 21 Hain Celestial Group Inc...... 97 JetBlue Airways Corp...... 56 AOL Inc...... 84 Blackstone Group ...... 51 Consolidated Edison Inc...... 29 Handy & Harman Ltd...... 149 John Wiley & Sons Inc...... 96 JPMorgan Chase & Co...... 2 Kate Spade & Co...... 114 KCG Holdings Inc...... 125 Kimco Realty Corp...... 117 KKR & Co...... 90 L-3 Communications Holdings Inc...... 28 Your Center for Leucadia National Corp...... 33 Loews Corp...... 25 Macquarie Infrastructure Co...... 123 Madison Square Garden Co...... 110 Customized Health Care Marsh & McLennan Cos...... 30 MasterCard Inc...... 44 MBIA Inc...... 131 McGraw Hill Financial Inc...... 58 MetLife Inc...... 7 Minerals Technologies Inc...... 127 Monster Worldwide Inc...... 140 Moody’s Corp...... 73 Morgan Stanley ...... 12 MSC Industrial Direct Co...... 82 MSCI Inc...... 124 Nasdaq OMX Group Inc...... 70 National General Holdings Corp...... 132 New York & Company Inc...... 130 New York Community Bancorp Inc...... 91 The New York Times Co...... 105 News Corp...... 41 NorthStar Realty Finance Corp...... 145 Och-Ziff Capital Management Group ...... 92 Omnicom Group Inc...... 26 Oppenheimer Holdings Inc...... 126 Overseas Shipholding Group Inc...... 128 Pall Corp...... 77 PepsiCo Inc...... 8 Pfizer Inc...... 9 Philip Morris International ...... 5 Prudential Financial Inc...... 10 Public Service Enterprise Group Inc...... 37 PVH Corp...... 45 Ralph Lauren Corp...... 49 RCS Capital Corp...... 135 Short-Term Rehabilitation Regeneron Pharmaceuticals Inc...... 86 Revlon Inc...... 106 Scholastic Corp...... 94 Long Term Care Scientific Games Corp...... 121 Sealed Air Corp...... 47 Home Health Care Signature Bank ...... 142 Sirius Satellite Radio Inc...... 64 Hospice Sirona Dental Systems Inc...... 120 SL Green Realty Corp...... 107 Medical & Social Adult Day Care Sotheby’s ...... 137 Standard Motor Products Inc...... 129 Steel Partners Holdings ...... 141 Medical Transportation Steven Madden ...... 111 Systemax Inc...... 69 Inpatient & Outpatient Dialysis Take-Two Interactive Software Inc...... 116 Tiffany & Co...... 62 Managed Long Term Care Time Warner Cable Inc...... 19 Time Warner Inc...... 14 Towers Watson & Co...... 66 Travelers Cos...... 16 LAKEVILLE AMBULETTE Twenty-First Century Fox Inc...... 15 TRANSPORTATION Universal American Corp...... 85 Verint Systems Inc...... 133 Verisk Analytics Inc...... 103 Verizon Communications Inc...... 1 Viacom Inc...... 27 Parker Jewish Institute Village Super Market Inc...... 108 HEALTH CARE AND REHABILITATION Vitamin Shoppe Inc...... 122 Volt Information Sciences Inc...... 87 271-11 76th Avenue, New Hyde Park, NY 11040 Vornado Realty Trust ...... 78 877.727.5373 VOXX International Corp...... 139 WHERE EXCELLENCE IS THE STANDARD www.ParkerInstitute.org Voya Financial Inc...... 43 Weight Watchers International Inc...... 98 Xylem Inc...... 63
18 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0019,0020-NAT-CCI-CN_-- 12/18/2014 12:17 PM Page 1
This chart was first published March 24, 2014 COMPANIES New York Area’s Largest Employers Ranked by number of metropolitan area employees THE SCOOP TRENDS HEALTH CARE’S ROBUST JOB MARKET An expansion of hospitals has meant increased employment. Average employment Number of ealth care rules the scene in the 2014 Crain’s list of top 25 New York area NYC JOB GROWTH establishments employers.Three of the top 10 are health care systems.The trend is driv- Forecast employment 2008 158,329 84 en in part by an increase in hospital consolidation and suggests that health change by select industry, care will remain a high-volume employer in the area for years to come. 2013-2017, in thousands 2009 158,476 75 Health care will add about a third of total jobs in the country during Professional and 2010 154,207 71 Hthe 2012-2022 decade, according to the Bureau of Labor Statistics. But in New York, business services the volume of hospital-based jobs may fall as more hospitals downsize.Many jobs will +73.4 2011 153,513 shift to outpatient settings. 71 Education and health Consolidation is common among major health care systems, with 2013’s merger of care services 2012 158,327 74 Mount Sinai Medical Center and Continuum Health Partners the biggest of the +68.0 bunch. The new Mount Sinai Health System (No. 9) has approximately 36,000 employ- 2013* 161,522 76 Leisure and hospitality ees—making it the largest nongovernment employer in New York. * 2013 data are based on the first three quarters and are preliminary. Source: NYS Department of Labor “A fragmented system is becoming more consolidated through acquisitions and +35.3 technology,” said Amy Shefrin, program officer at the New York State Health Foun- Retail trade dation.“By connecting these various providers through electronic records and IT,hos- +25.2 SALARIES FLAT, BENEFITS UP pital systems now have visibility into their patients’ health beyond the hospital walls.” Construction Most of the increase in city personnel expenses is in the form of pension and North Shore-LIJ Health fringe benefits. Other deals include the acquisition of Lenox Hill Hospital by the +18.1 Median System New York-Presbyterian Hospital (No.6),the takeover by (No.12) of New York Down- Source: NYC Independent Budget Office Salaries and wages Pensions and fringe benefits FT salary town Hospital, and the acquisition of hospitals in the Bronx and lower Westchester by $20.9B the system that runs Montefiore Medical Center (No. 15). 2008 $61.8K Across the city, hospital groups have started increasing specialization and scale in $12.1B one form or another. New York-Presbyterian is expanding and plans to build an am- 58% $22.0B Memorial Sloan Kettering Cancer Center PORTION OF WORKERS 2009 $62.9K bulatory care center at 1283 York Ave. (No.20) and $13.1B the City University of New York are constructing two medical facilities on the Upper East on Crain’s list who are employed in the public $22.3B Side,including a 750,000-square-foot cancer care facility and a 336,000-square-foot sci- sector 2010 $66.1K ence and health professions building.Meanwhile,Montefiore and Simone Development $14.0B built a 280,000-square-foot structure at Hutchinson Metro Center in the Bronx. $22.1B 2011 $65.8K “Policies and initiatives by the federal government and health insurance companies 13% $14.2B are rewarding health care companies that can treat a patient across multiple settings, PORTION OF ALL NEW YORK CITY WORKERS $21.9B whether in the primary care doctor’s office or in the operating room,” said Ms. Shef- who are employed in the 2012 $65.3K rin. “Health care systems are now incentivized to be big—to acquire physician group public sector $15.3B practices,bring physician staff in-house,build up outpatient and ambulatory care cen- Sources: Crain’s research, NYS Source: Mayor’s Office of Operations and the Department of Citywide Administrative Services via the NYC ters, and spread themselves beyond the hospital campus.” —bilal iftikhar Department of Labor Independent Budget Office
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book of lists 2015 | Crain’s New York Business | 19 20141222-NEWS--0019,0020-NAT-CCI-CN_-- 12/18/2014 12:17 PM Page 2
COMPANIES
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20 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0021,0022-NAT-CCI-CN_-- 12/18/2014 12:17 PM Page 1
This chart was first published May 12, 2014 COMPANIES NY Area’s Largest Minority-Owned Companies Ranked by 2013 revenue
Asian-owned companies SPOTLIGHT TRENDS dominate ... Biggest gainers, 2013 vs. 2012 or McKissack & McKissack, the second-largest construction manage- Black/ ment firm on Crain’s list of top minority-owned businesses, 2013 McKissack & McKissack African- +257.4% American was a boom year. The company (No. 13) saw revenue increase a 12.8% whopping 257% over 2012, to $92.5 million from $25.9 million, Hudson Realty Capital thanks to a rebound in the city’s construction industry and the +101.9%* Ffirm’s pursuit of bigger projects. Asian Cheryl McKissack Daniel (left),president and chief execu- HAKS Engineers, Architects and Land Surveyors 51.0% Hispanic/Latino tive, said that five years ago she recognized the company’s busi- +45.1% 36.2% ness was limited and sought to expand.“My thought was to be- come the biggest minority- and women-owned construction Bad Boy Worldwide Entertainment Group firm in New York City,” she said. +20.0%* Expanding beyond architecture and engineering to in- clude construction was risky, she said, but ultimately it al- Barlett Dairy Inc. lowed the firm to work on bigger projects.“It makes us a much +19.8% more serious builder in New York and Philadelphia,” she said. “Instead of act- ... but Hispanic/Latino-owned firms ing as consultants, we’re actually building as general contractors.” *Based on Crain’s research had higher earnings* Ms. McKissack Daniel said the company is working on more than 50 proj- Average 2013 revenue, in millions ects at the moment. It is doing construction management at Columbia’s Man- hattanville site and has partnered with Tishman/Turner on the $2 billion Biggest employers in the New York area World Trade Center Transportation Hub project. ASI System Integration Inc. Black/ SVAM 525* Other firms on the list are taking advantage of the area’s tech boom. African- International Inc. (No.20),a computer-consulting and IT busi- Asian American ness based in Great Neck, L.I., hired 25 local, full-time em- Goya Foods Inc. $302.3 $239.7 ployees in 2013, an increase of 39%. Anil Kapoor (left), pres- 520 ident and chief executive, said it was the third year in a row SVAM had seen double-digit growth. HAKS Engineers, Architects and Land Surveyors 420 “There’s a significant growth in the IT market,” he said. Hispanic/Latino “To meet those demands, we’ve had to hire more people.” Artech Information Systems $455.9 Mr. Kapoor said that by having offices in New York, India 350 and Mexico, SVAM is able to offer more efficient service for local customers. “We do a mixture of near-shore and offshore services,” he said. “That offering Bad Boy Worldwide Entertainment Group brings significant value to the customer.” 300* In all, the 25 firms on Crain’s list saw revenue increase 7.3% over 2012, and *Excludes Hudson Realty Capital, which is equally Asian- and employment tick up 1.4%. —nicholas wells *Based on Crain’s research Hispanic/Latino-owned
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book of lists 2015 | Crain’s New York Business | 21 20141222-NEWS--0021,0022-NAT-CCI-CN_-- 12/18/2014 12:18 PM Page 2
COMPANIES
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CRAIN’S® N E W YORK BUSIN ESS
VOL. XXX, NO. 41 WWW.CRAINSNEWYORK.COM OCTOBER 13-19, 2014
CRAIN’S® N E W YORK BUSIN ESSCantor Commercial Real Estate What it does: Originates, distributes and services commercial real VOL. XXX, NO. 41 WWW.CRAINSNEWYORK.COM estate and government agencyOCTOBER loans 13-19, 20 1for4 multifamily properties How it grew: Since Cantor Commercial Real Estate Website: ccre.com ® Hard Copies Cantor CommercialCRAIN Real Estate ’S wasN foundedE W in 2010,YORK it has closed BUSI $24 billionN worthESS Twitter: None What it does: Originates, distributesof and loans, services become commercial a leading issuer real of mortgage-backed Co-CEOs and 1 co-founders: estate and government agency loanssecurities for andmultifamily reached the properties upper echelons of commercial Anthony Orso, VOL. XXX, NO. 41 WWW.CRAINSNEWYORK.COMreal estate financing in the country. Michael Lehrman OCTOBER 13-19, 2014 How it grew: Since Cantor Commercial Real Estate Website: Headquarters: CCRE, which is capitalizedccre.com through partnerships with Manhattan was founded in 2010, it has closedCantor $24 Fitzgerald billion worth and CIMTwitter: Group, None now operates 15 Three-year growth EDITOR5’S NOTE0of loans, become a leading issuer of mortgage-backedCantorCo-CEOs and Commercialrate: 24,591%* Real Estate 1 offices nationwide with moreco-founders: than 300 employees, triple 2013 revenue: securities and reached the upper echelonsthe number of commercial of staff it Whathad a ityearAnthony does: ago, Orso,Originates, when it was distributes named and$226 services million* commercial real real estate financing in the country.No. 5 on Crain’s Fast 50.estate andMichael government Lehrman agency loans forProfitable? multifamily Yes properties Speed freaks Headquarters: Premium high quality reproductions on 80 Local employees: CCRE, which is capitalized throughThe partnerships company’s extensive with networkManhattan of—and close What I love most about our annual Fast 50 project is 100 Website: Cantor Fitzgerald and CIM Group, now operates 15 HowThree-year it grew: growthSince Cantor Commercial Real Estate that it’s all about the numbers. You can’t sweet-talk relationships with—borrowers, brokers and investors in Total employees: ccre.com EDITOR5’S NOTE0 wasrate: founded 24,591%* in 2010, it has closed $24300 billion worth offices nationwide with more than 300 employees, triple Twitter: None your way onto this list. You can’t hire a PR firm that the real estate industry has fueled2013 revenue: much of its growth. Its *Crain’s estimate knows someone whothe knows number someone of staffwho went it had to a year ago, when it was named of $226loans, million* become a leading issuer of mortgage-backed Co-CEOs and launch just as the country1 was emerging from the Great co-founders: Speed freaks school with someone.No. Either 5 on you Crain’s have twoFast to three 50. Recession also provedsecurities fortuitous,Profitable? and allowing reached Yes it the to putupper together echelons a top-tier of commercial Anthony Orso, years of scorching-hot revenue growth, or you don’t. real estateLocal financingemployees: in the country. Michael Lehrman The company’s extensive networkteam of—and at a time close when many of100 its competitors weren’t hiring. What I love most about our annual Fast 50 projectAnd thisis year’s ranking of New York’s 50 fastest- CCRE, which is capitalized through partnerships with Headquarters: that it’s all about the numbers. You can’t sweet-talk relationships with—borrowers, brokers“We’ve and createdinvestors a nationalin Totalfootprint employees: with boots on the ground across Manhattan growing companies offers scorchers galore. We’ve 300 your way onto this list. You can’t hire a PR firm that Cantor Fitzgerald and CIM Group, now operates 15 Three-year growth estimated that No.the 1-ranked real estateCantor Commercialindustry has Real fueled themuch country,” of its growth. said co-CEO Its Anthony*Crain’s estimate Orso, who co-founded the firm EDITOR5’S NOTE0 rate: 24,591%* knows someone who knows someone who wentEstate to saw its annuallaunch revenue just grow as 24,591% the country (that’s was emergingwith former from Creditthe Great Suisseoffices colleague nationwide Michael with Lehrman.more than “This300 employees, strategy triple school with someone. Either you have two to three 2013 revenue: not a typo), to $226Recession million, from also 2010 proved to 2013. fortuitous, hasallowing paid offit to for put us, together becausethe number ait top-tier has allowed of staff itus had to expand a year ago, in markets when it where was named $226 million* lb. glossy paper that are designed to meet years of scorching-hot revenue growth, or youClearly, don’t. it’s a good time to be financing real estate No. 5 on Crain’s Fast 50. Profitable? Yes And this year’s ranking of New York’s 50 fastest- team at aSpeed time when many freaks of its competitorsour competitors weren’t have hiring. little presence.” —bruce w. fraser deals. Not a bad moment to be a digital advertising The company’s extensive network of—and close Local employees: growing companies offers scorchers galore. We’vevendor, either: Close on“We’ve Cantor’sWhat created heels I love is LiveIntent, mosta national about our footprint annual Fast 50with project boots is on the ground across 100 estimated that No. 1-ranked Cantor Commercialwhich Real helps marketersthe country,”place e-newsletterthat it’s said all about advertisingco-CEO the numbers. Anthony You can’t Orso, sweet-talk who co-foundedrelationships the firm with—borrowers, brokers and investors in Total employees: Estate saw its annual revenue grow 24,591% (that’s 300 and saw three-yearwith revenue former growthyour wayCredit of 20,900%, onto thisSuisse tolist. $21 You colleague can’t hire a MichaelPR firm that Lehrman.the “This real strategy estate industry has fueled much of its growth. Its *Crain’s estimate not a typo), to $226 million, from 2010 to 2013.million, in 2013. Thehas Fast paid 50 knowscompaniesoff for someone us, profiled because who in knows it hassomeone allowed who went us to expand inlaunch markets just where as the country was emerging from the Great Clearly, it’s a good time to be financing real estatethis week’s issue range from biotechschool startupswith someone. to fashion Either you have two to three Recession also proved fortuitous, allowing it to put together a top-tier deals. Not a bad moment to be a digital advertisingwebsites, from solar-powerour competitors installersyears of toscorching-hot baby-products have little revenue presence.” growth, or you don’t. —bruce w. fraser vendor, either: Close on Cantor’s heels is LiveIntent,makers. Their customers are fitnessAnd this fanatics year’s (Tough ranking of New York’s 50 fastest- team at a time when many of its competitors weren’t hiring. which helps marketers place e-newsletter advertisingMudder), financial news junkiesgrowing (Business companies Insider) offers scorchers galore. We’ve “We’ve created a national footprint with boots on the ground across and saw three-year revenue growth of 20,900%,and to fussy $21 sleepers (Bedgear). Here’sestimated the thatone constant:No. 1-ranked Cantor Commercial Real the country,” said co-CEO Anthony Orso, who co-founded the firm million, in 2013. The Fast 50 companies profiledEach in saw more than 150% revenueEstate growth saw its annualin the time revenue grow 24,591% (that’s with former Credit Suisse colleague Michael Lehrman. “This strategy your specific marketing needs. Can be used this week’s issue range from biotech startups toperiods fashion we reviewed with the nothelp a oftypo), accounting to $226 firm million, from 2010 to 2013. websites, from solar-power installers to baby-productsAnchin Block & Anchin. If you’reClearly, an it’sinvestor a good or time to be financing real estate has paid off for us, because it has allowed us to expand in markets where makers. Their customers are fitness fanatics (Toughbanker or real estate broker ordeals. business-services Not a bad moment to be a digital advertising our competitors have little presence.” —bruce w. fraser Mudder), financial news junkies (Business Insider)provider looking for the New vendor,York companies either: Close that on Cantor’s heels is LiveIntent, and fussy sleepers (Bedgear). Here’s the one constant:best know how to execute theirwhich strategies helps formarketers building place e-newsletter advertising Each saw more than 150% revenue growth in revenue,the time the companies profiledand on saw Pages three-year 16 through revenue growth of 20,900%, to $21 POWER BROKERS: periods we reviewed with the help of accounting30 arefirm basically your short list.million, So congrats, in 2013. Fast The 50. Fast 50 companies profiled in Anchin Block & Anchin. If you’re an investor or Anthony Orso (left) and Enjoy the attention and its manythis upsides.week’s issue Of course,range from biotech startups to fashion Michael Lehrman aim to banker or real estate broker or business-serviceswith your three-digit, four-digitwebsites, and even from five-digit solar-power installers to baby-products dominate the commercial provider looking for the New York companiesrevenue-growth that numbers, onemakers. can only Their hope customers it’s not are fitness fanatics (Tough real estate market. buck ennis best know how to execute their strategies for buildingall downhill from here. If that’sMudder), the case—and, financial of news junkies (Business Insider) revenue, the companies profiled on Pages 16 throughcourse, the law of gravity inevitablyand fussy will sleepers insist as (Bedgear). Here’s the one constant: Reprinted with permission from Crain’sPOWER New York BROKERS: Business. © 2014 Crain Communications Inc. All Rights reserved. for client mailings, reception area reading 30 are basically your short list. So congrats, Fast 50. much—may you enjoy a slowEach and steady saw more decline. than 150% revenueFurther growth duplication in the withouttime permissionAnthony is prohibited. Orso Visit (left) www.crainsnewyork.com. and #NB14040 Enjoy the attention and its many upsides. Of course, periods—Glenn we reviewed Coleman with the help of accounting firm Michael Lehrman aim to with your three-digit, four-digit and even five-digit Anchin Block & Anchin. If you’re an investor or dominate the commercial revenue-growth numbers, one can only hope it’s not real estate market.
buck ennis buck banker or real estate broker or business-services all downhill from here. If that’s the case—and, of provider looking for the New York companies that course, the law of gravity inevitably will insist as Reprinted with bestpermission know from how Crain’s to execute New York their Business. strategies © 2014 forCrain building Communications Inc. All Rights reserved. much—may you enjoy a slow and steady decline. Further duplicationrevenue, without the permission companies is prohibited. profiled Visit on www.crainsnewyork.com. Pages 16 through #NB14040 POWER BROKERS: —Glenn Coleman 30 are basically your short list. So congrats, Fast 50. Anthony Orso (left) and Enjoy the attention and its many upsides. Of course, Michael Lehrman aim to with your three-digit, four-digit and even five-digit dominate the commercial revenue-growth numbers, one can only hope it’s not real estate market. buck ennis all downhill from here. If that’s the case—and, of and for inclusion in press kits. Minimum course, the law of gravity inevitably will insist as Reprinted with permission from Crain’s New York Business. © 2014 Crain Communications Inc. All Rights reserved. much—may you enjoy a slow and steady decline. Further duplication without permission is prohibited. Visit www.crainsnewyork.com. #NB14040 —Glenn Coleman order of 100. Hard Copies
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THEY FEEL GOOD: The Philadelphia Dance Company performs in the Apollo Theater’s James Brown: Apollo lifts off Get on the Good Foot. Maximize your exposure and drive traffic It’s not just Amateur Night anymore: Legendary Harlem theater doubles programming while attaining global reach BY MIRIAM KREININ SOUCCAR $20M arlem’s legendary Apollo Theater may AMOUNT the 21st Century Apollo Campaign hopes to raise. Some $15 million of that will finally be realizing its potential. ¶ The go toward large-scale programming to your website with Eprints. Receive a storied music venue is transforming itself into a multidisciplinary performing-arts Hcenter with global reach that could rival such competitors $13.2M THE APOLLO’S 2014 operating budget, up as New York City Center and the Brooklyn Academy of from $8.1 million in 2009 Music. In the past year, the theater, best known for its Amateur Night, has doubled its programming— ments, such as new sound equipment. presenting hip-hop festivals and salon series, and Ms.Procope,who quit the Apol-
producing a major dance work highlighting James Brown’s lo board to run the organization in shahar azran influence on choreographers around the world. Now the 2003, said the programming expan- PDF of your feature that can be used for Apollo is planning its first international tour and sion wouldn’t have been possible a decade ago because the breakdown to become 50-50 as the theater ramps up its developing a theater initiative.¶ “We’re trying to make the theater was just trying to survive. Since she came on, Ms. offerings and tours. Apollo once again a dynamic contributor to global culture, Procope has worked to expand the board and hire a strong The Apollo’s first international tour ever,of the dance as it was in the past,” said board Chairman Richard management team, including Mikki Shepard, the the- production James Brown: Get on the Good Foot, will kick Parsons, who recently opened a restaurant and jazz club ater’s first executive producer. In the past five years, the off in February 2015 and will visit Germany,Switzerland nearby. “In the 22nd century, we want people to say, ‘The Apollo has had a balanced and growing budget after years and Luxembourg. The show opened at the Apollo last ‘It’s the programming that will of deficits. October and is now touring nationally. make it relevant again’ “To be able to focus on content and an artistic vision is “We’re looking at activating the brand globally,” said web posting and/or electronic distribution. a byproduct of all the work we did to right the ship,” said Ms. Shepard. Ms.Procope,who was previously an entertainment lawyer. That may be an easy sell.Some 45%,of the 60,000 peo- Apollo is a place where stars are born and legends are The Apollo is clearly on an upward trajectory.The mo- ple who attended Amateur Night at the Apollo last year made.’”¶ The changes come as the historic house on West mentum has re-energized the nonprofit, attracting were tourists, and the theater estimates that roughly half 125th Street, once a center of popular culture, turns 80. wealthy new board members such as Ronald Perelman of those tourists traveled from outside the country. Executives and the board have been and Paul Tudor Jones Overall, there are 30 trustees now, All Eprints are sold as time-based licenses. Eprints (Digital Reprints) ALL-NEW · CHEF CHARLIE PALMER’S PREMIER PRIVATE EVENTS SPACE + CAFÉ OVERLOOKING MANHATTAN D&D BUILDING · 979 THIRD AVENUE · 14TH FLOOR · NEW YORK, NY · 212.644.9394 · UPPERSTORYNY.COM Plaques Celebrate your accomplishments with a plaque of your companies ranking/profile. Comes in multiple finishes to match any décor. Great for display in the office.
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22 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0023-NAT-CCI-CN_-- 12/18/2014 12:18 PM Page 1
This chart was first published Sept. 8, 2014 COMPANIES NY Area’s Largest Women-Owned Firms Ranked by 2013 revenue THE SCOOP TRENDS
Largest New York City employers By the borough REVENUE UP AT WOMEN-OWNED COMPANIES Share of New York state-certified women- TransPerfect owned businesses. he top women-owned companies in the New York area are taking advantage of the 918 economy’s upswing by getting aggressive about growth, according to new Crain’s Tower Legal Solutions 19.9% research. Collectively, the 25 firms on our list of the top women-owned business- 351 es saw their revenue increase to $3.4 billion in 2013, up from $2.2 billion in 2012. Brooklyn Loren Communications International Ltd. Six of those on Crain’s list provide staffing or recruiting services. Companies are 16.4% 52.8% Tturning to recruiting experts in what has become a candidate’s market, said Rebecca Cenni, 300 Queens Manhattan founder and chief executive of Atrium Staffing (No. 7 on Crain’s list).“People are really waiting for Sharp Decisions Inc. the right opportunity,” she said. “Companies have to work harder to find the right talent.” 274 Atrium reported revenue of $138 million in 2013, up 35% from the previous year, making it 6.2% Bronx Eileen Fisher Inc. the largest staffing company in Crain’s ranking. Firms are expanding their human-resources 4.6% Staten Island 247 departments to help negotiate new laws like the Affordable Care Act, As of Aug. 27, 2014 and tech continues to fuel growth, with digital marketing and Source: Crain’s research Source: NYS Contract System database e-commerce making up an estimated 15% of Atrium’s revenue increase. “Our direct hiring has been stronger this year than it has in the last Biggest revenue gainers five years,” Ms. Cenni said, estimating that the company would place More businesses, but smaller workforce about 10,000 job seekers in the city by the end of 2014. The number of women-owned businesses in the 2012 vs. 2013 There are now 9.1 million women-owned companies in the U.S.,ac- metro area has outpaced employment at the firms. cording to a recent report from American Express Open. In 2013, a net 2002 2007 2014 1 McKissack & McKissack +289.4% 1,288 women-owned firms opened each day,up from an average of 591 665,700 since 1997. 604,678 Walsh Electrical Business ownership is a logical step in the careers of women at- 521,585 Contracting Inc. +82.0% buck ennis taining higher levels of education and work experience, said Julie 510,692 508,301 499,700 REBECCA CENNI Weeks, a research adviser for American Express Open. “Now any- Henegan where there are businesses, there are women-owned businesses.” Construction Co. +76.3% But while the number of women-owned firms in the New York area has increased 10.1% since 2007, employment at such companies has dipped 1.7%, according to the report. Nationally, the Tower Legal Solutions +47.1% number of women-owned firms increased by 16.6%, and employment rose 3.6%. One reason could be that some women are looking to create job opportunities for themselves Miller Druck Specialty after failing to find suitable work,rather than trying to build businesses they intend to scale.“Most Contracting Inc. +41.1% of those firms are sole proprietorships or nonemployers,” Ms.Weeks said of the national trend.“It Businesses Employment2 could mean they couldn’t find employment elsewhere.” —nicholas wells 1-Estimate. 2-Excludes owner. Source: American Express Open Source: Crain’s research
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book of lists 2015 | Crain’s New York Business | 23 20141222-NEWS--0024-NAT-CCI-CN_-- 12/18/2014 12:18 PM Page 1
COMPANIES
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PROUD TO BE CHANGING LIVES IN NEW YORK CITY SINCE 1852
NEWLY OPENED YMCAS: Coney Island (2013) and the Rockaways (2014) COMING SOON: YMCA in the South Bronx
24 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0025-NAT-CCI-CN_-- 12/18/2014 12:24 PM Page 1
This chart was first published April 28, 2014 FINANCIAL New York Area’s Largest Commercial Banks Ranked by total assets 2013 loan types (% of each) 2013 nonperforming Non- 1(1%4%('0 loans 0010 0010 '14#'(& '14#'(& (2101'#'! "4( Commercial Residential residential '$ '$ "(' 30#1 #'4&#%%#('0 #'4&#%%#('0 #'4&#%%#('0 #'4&#%%#('0& industrial (&& 1 Consumer('022 real estate0#3 real(')0 estate4 1") #'4&#%%#('0 #'4&#%%#('0 0010 #'$HPA5GB5Q9 #$% #$ #% %$& & $& & $& #$ #%% & ! " 5GDH@F9PC75 % # # # $& %& $& $%& & #$ #$ %$& ' ( ) * + , 39EEQ5PAH5GD $ $% # #% # $$& & & & %& #$$% # & - %)! .) //"+ CRC65GD % # # #$ %& & %& %& & # #$$ & %% ,),* '%5GD #% # # %& & $ & & & #%$ # & 0 1," 5GDH@%9U4HPD$9EEHG %$ #$ #% # & & & & %$%& # #$ & 2 // .) * ( // $ 5ICR5E&G9 $$$ # % # # %& & & %%& $%& #% # & % ,) / 05GD # %$ #% # $ %& %& $& %& & # $ #$ & 0 1," )1* !)5GD1) #$$%% # #$ % $& & & $& & #% #$$% & 3,+)! 4"!"* $ B5Q95GD1) $$$ # # # %& %& & & & #% % # $& ! " HE8F5G)57BQ5GD1) % #$ #$ #% $& %& %& & & #$ # & 2") .) /1 " !" $ $5GS@57RSP9PQ5G80P589PQ #$ $ #% # $ & & & %& & # # & 0PSQRH )* )5GR5G89P5GD $ #$ $$ # #$ %$& $& $& $& & # $ #% & 56, ) " ) 1 * 9SRQ7B95GD0PSQRH #% # # & & & %& & #%% # %& F9PC75Q 1* 2 // .) CPQR(9IS6EC75GD $ $ #$ # # & & %& %& $& # % # $& .,6)! +, ") 4*/, CRV%5RCHG5E5GD % #$ # # & $& & & $& #$$ # $& * $HPA5G)R5GE9V'PCT5R95GD $ # #$ #$ $& & $$%& & & # # & $$ ' 1 ( ") /( )CAG5RSP95GD $ # #$ #$ $& %& & %& & #% # & 3,+)! ", )4 ( %4$9EEHG % #$% # #$ %& & %& $& & #$ # & ' 0// 7 ) * ( // ,))"*4 ! % 25EE9V%5RCHG5E5GD % $$ #%%$ # # & %& & & & #$ #% $& 8 //( 9 1 //( ), /* 2 ( : "QP59ECQ7HSGR5GD $ #%%$ #% # $& & $& & %& # # & H@%9U4HPD ,1* ( 3,+)! 5G7H'HISE5P%HPRBF9PC75 $ #$% # # & & & & $%& # #% $& 2 ") .) 4/ 4 ,)(* % HP5E5GD $$ #% #$ #% % & & $% & & & #$ #$ %& .4)! 1 /* )5@P5%5RCHG5E5GD # # #$$ & & & & & #% # $& H@%9U4HPD " + 3,+)! )R9PECGA%5RCHG5E5GD $ %$ #$ # # & & %& & & # # & 9// '/1 ,1 )* , 0 )*// % .4 ; .5 3, , / 7! /))",// 8 % " / <* = 11,), / " ! *( .4> 1 , !/ " 2//" %9U 4HPD 5P95 , /41" 7,)( 1 "" 4 .4++/ 1 2") !") 4 )," , 1 ' -""6 ?41" 1 @ , 4 )," , : "( A B4 /,+( + )!," /,") , "),)4), " 4") ) )! 31 / C ",) D "4 7 E" 1+, ,), + , / * ; * ,)! ") ) ), / ! ) )! ) ," "4 ,"1 *( )! 7 ) // + )! 74 ( )! 31 / 9" )! 3CD7 D 11,), )!, @. ! 1B4 ) " 4") * , )! )!( 4") ! ", ,+, ) " , )! // +, 4 " + )! * 4 ,) /(F ) )! !/1, (F 1 + )! ( 11 C 3, 4 " )! )! )!" + / )( " 1 + , / " " ) + "")" ! * 4 11 ) 1 , / / A! +, 4 " + + , / " " ) + "")" * "1 4 4 11 4 * " 5 )( ) " ( ) 11 4 ) & , ( , ") * 4" / 4/ ), )" )1 , )!4" 1" , )! 4/ ) ( +,/, " 1 / 4/ )1 + )) / "/,1 )1 / " 1 / "" ) + 4 1 , 1 "" + " A) / "/,1 )1 , / 1 , 14") , / / " D /41" / " 1 ) " // *4", """ A) / "/,1 )1 "4 / " C "), ++, / " " 4 1 *( ) +4 + ,/( ",1 ), / )," 1 1 "), ++, / " " 4 1 *( 4/),+ ,/( ",1 ), / )," +, 4 ,)" 7 "/,1 )1 )) / / ") ) / " /"" ",1 ), / / ") ) / " 5 " ) 1 ",) ( , "),)4), " , 4/)4 / 14 ), / " + , ) / " / " ) ") ) 1 /,), / "4*1,,", " // )! / " 1 )) / / "" A) / / " 1 / " +, , , */" ) + 4 1 , 7 / 4/ )1 " )! "4 + )) / 4 / 1 ") 4 )4 1 / " FOR ALL CRAIN’S LISTS, VISIT WWW.CRAINSNEWYORK.COM/LISTS
book of lists 2015 | Crain’s New York Business | 25 20141222-NEWS--0026-NAT-CCI-CN_-- 12/18/2014 12:25 PM Page 1
This chart was first published Jan. 20, 2014 FINANCIAL J New York Area’s Top SBA Lenders Ranked by dollar value of loans in fiscal 2013
Dollar value Dollar value Number Number of loans of loans Percent of loans of loans Percent Rank Lender in fiscal 2013 in fiscal 2012 change in fiscal 2013 in fiscal 2012 change
1 NewBank $91,881,300 $61,400,000 +50% 75 56 +34% 2 Noah Bank $71,600,000 $87,915,000 -19% 61 67 -9% LENDERS 3 TD Bank $48,394,700 $30,419,600 +59% 86 93 -8% EYE LARGER 4 JPMorgan Chase Bank $47,632,000 $61,508,500 -23% 514 680 -24% LOANS 5 Newtek Small Business Finance Inc. $27,912,800 $17,299,000 +61% 25 15 +67% FOR LARGER, JOB-CREATING 6 Community National Bank $24,120,000 $25,060,000 -4% 30 29 +3% SMALL BUSINESSES, it’s a good time to get a loan from 7 New York Business Development Corp. $20,470,100 $20,351,300 +1% 32 52 -38% the city’s top lenders. An 8 BankAsiana $16,341,000 $14,410,000 +13% 32 35 -9% increase in the U.S. Small Business Administration’s 9 Wells Fargo Bank $16,092,600 $8,384,200 +92% 40 20 +100% maximum loan guarantee 10 BBCN Bank $14,881,000 $32,310,300 -54% 27 42 -36% from $2 million to $5 million during the past year has 11 Loan Source Inc. $13,185,000 $6,650,000 +98% 12 6 +100% fueled growing interest in 12 Celtic Bank Corp. $12,821,100 $4,075,000 +215% 22 2 +1,000% making larger loans nationwide, according to 13 Citibank $12,542,100 $11,619,600 +8% 24 76 -68% Bernard J. Paprocki, acting 14 KeyBank $12,309,100 $5,674,900 +117% 28 23 +22% regional administrator of the 15 Manufacturers & Traders Trust Co. $12,308,900 U.S. Small Business $17,915,000 -31% 95 134 -29% Administration. 16 BNB Hana Bank $11,875,000 $4,800,000 +147% 9 4 +125% That was especially true among the top SBA lenders 17 Live Oak Banking Co. $11,848,700 $13,485,000 -12% 15 11 +36% for the New York City area, 18 Hanmi Bank $9,800,000 $37,400,000 -74% 2 9 -78% such as NewBank, the institution that loaned small 19 Capital One Bank $8,904,000 $95,000 +9,273% 39 3 +1,200% businesses the most money, 20 Cross River Bank $8,725,000 $4,930,000 +77% 13 10 +30% and Noah Bank, fiscal 21 Square 1 Bank $7,760,000 $1,511,500 +413% 4 1 +300% 2012’s No. 1 lender in dollar volume, and No. 2 in 2013. 22 Sovereign Bank $7,188,500 $3,848,500 +87% 73 60 +22% “At NewBank and Noah 23 Spring Bank $6,780,200 $5,625,000 +21% 7 7 0% Bank, every loan they made was in excess of $1 million,” 24 United Midwest Savings Bank $6,689,700 n/a n/a 2 n/a n/a said Mr. Paprocki. 25 CapitalSource Bank $5,220,625 $4,889,000 +7% 5 7 -29% NewBank and Noah Bank are not alone among lenders 26 Country Bank $5,000,000 n/a n/a 1 n/a n/a in targeting the higher end of 27 1st Constitution Bank $4,830,000 $3,200,000 +51% 15 7 +114% the small business market in New York City. “That’s pretty 28 East West Bank $4,365,000 $2,700,000 +62% 4 7 -43% much the trend we’ve seen,” 29 Empire State Certified Development Corp. $4,324,800 $2,305,700 +88% 30 19 +58% Mr. Paprocki said. Generally speaking, he said, banks 30 Grow America Fund Inc. $4,095,000 $2,611,000 +57% 3 4 -25% are “starting to loan 31 Woori America Bank $3,705,000 $300,000 +1,135% 7 2 +250% money to a little larger business that probably 32 Empire State Bank $3,201,000 $5,625,000 -43% 7 7 0% employs more people.” 33 People’s United Bank $3,089,100 $1,370,000 +125% 9 4 +125% Overall, JPMorgan Chase (No. 4) issued the 34 Spirit of Texas Bank $2,794,300 $1,877,000 +49% 8 5 +60% most loans (514). 35 Stearns Bank $2,663,000 $50,000 +5,226% 2 1 +100% While current trends might seem to leave smaller 36 Genesee Regional Bank $2,350,000 n/a n/a 1 n/a n/a borrowers out in the cold, Mr. 36 Republic First Bank (Republic Bank) $2,350,000 $300,000 +683% 2 1 +100% Paprocki notes that the SBA will be trying to encourage 38 BCB Community Bank $2,240,000 $2,000,000 +12% 4 1 +300% more loans under 39 First Niagara Bank $2,054,000 $1,100,000 +87% 17 3 +467% $150,000 this year. Starting Oct. 1, 2013, the 40 Bethex Federal Credit Union $1,962,500 $1,229,000 +60% 25 10 +150% SBA waived all fees on 7(a) 41 Wilshire State Bank $1,920,000 $2,792,500 -31% 10 7 +43% loans—which provide working capital—of $150,000 or less. 42 First Trade Union Bank $1,800,000 $2,150,000 -16% 4 3 +33% By lowering the costs of SBA 43 HSBC Bank USA $1,730,000 $3,906,000 -56% 15 34 -56% loans, the agency hopes these deals will become 44 PNC Bank $1,688,100 $1,598,000 +6% 5 7 -29% more competitive, pricewise, 45 Ridgestone Bank $1,650,000 n/a n/a 1 n/a n/a with other types of loans that lenders have been 46 Hana Small Business Lending Inc. $1,300,000 $1,250,000 +4% 2 2 0% emphasizing instead. 46 Shinhan Bank America $1,300,000 $2,340,000 -44% 7 5 +40% “We’re hoping that lenders will be taking more 48 Bank of America $1,295,000 $1,770,000 -27% 17 13 +31% of a chance by using the SBA 49 Continental Bank $1,250,000 n/a n/a 1 n/a n/a guarantee—and freeing up 50 Indus American Bank $947,500 $127,800 +641% 2 1 +100% more credit,” Mr. Paprocki said. The U.S. Small Business Administration’s New York District includes New York City and Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, Sullivan, Ulster and Westchester counties. Rankings are for the fiscal year ended Sept. 30, ELAINE POFELDT 2013. Figures include both banks’ 7(a) loans (loans to businesses unable to secure financing on reasonable terms through normal lending channels) and certified development companies’ 504 loans (long-term, fixed-rate financing for — major fixed assets). In cases of tied figures in the dollar value of loans, lenders are listed alphabetically. n/a-Not applicable. These banks did not make loans that year.
26 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0027-NAT-CCI-CN_-- 12/18/2014 12:25 PM Page 1
This chart was first published April 28, 2014 FINANCIAL New York Area’s Largest Thrifts Ranked by total assets
2013 loan types (% of each) 2013 nonperforming Non- ! loans Commercial Residential residential " # $
& industrial 1 Consumer 2 real estate 3 real estate4
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
FOR ALL CRAIN’S LISTS, VISIT WWW.CRAINSNEWYORK.COM/LISTS
book of lists 2015 | Crain’s New York Business | 27 20141222-NEWS--0028-NAT-CCI-CN_-- 12/18/2014 12:25 PM Page 1
This chart was first published Feb. 17, 2014 FINANCIAL The Most Active Venture-Capital Firms Ranked by the number of investments in New York metro area startups in 2013 THE SCOOP TRENDS DEALS AND DOLLARS NY ON THE RISE he venture-capital market was up in 2013, with its Fewer biotech deals were made in 2013, but other industries had more deals VC funds in the New York metro area saw a greater increase in best performance for New York-based companies and more dollars. 2013 than in other areas. in more than a decade.Total VC investment in the % change Number % change Dollars invested in 2012 (In billions) % change from 2012 metro area was $3.2 billion, up 35% over 2012, and Dollars invested (in millions) from 2012 of deals from 2012 Dollars invested in 2013 close to 2001’s total of $3.5 billion, according to +7.9% Software data from PricewaterhouseCoopers and the National Venture $12.1 T $978 +56% 159 +11% Capital Association’s MoneyTree Report. $11.2 Silicon Valley companies registered only an 8% increase, Media and entertainment according to PwC. $540 +60% 89 +11% Total funding and the number of deals increased in 2013 for New York companies at almost all funding rounds. Expanding Consumer products and services firms showed the greatest increase,garnering $1.6 billion in 136 $426 +10% 39 +3% deals, 17% more investments than in 2012. -2.9% The number of investments in seed-stage companies was Biotechnology +34.9% down by half, though the total funding increased 36%, thanks $326 +27% 27 -13% $3.2 $3.4 $3.3 to a $40 million deal for Oscar Health Insurance in the third $2.4 quarter. IT services “In the New York area, and nationally as well, the very early $273 22% 53 +29% New York metro Silicon Valley New England stage is being funded outside of the traditional VC network,” Source: PwC/NVCA MoneyTree Report Source: PwC/NVCA MoneyTree Report said David Silverman, a partner at PwC. Mr. Silverman pointed to a “fairly sophisticated angel- EXPANSIONS LEAD NET GAINS investor network”that has developed among entrepreneurs who Expansion-stage companies continued to command the majority of funding. New York has more Internet-based companies in the IPO have succeeded with their own startups and returned to fund pipeline than other areas. % change Number % change other companies. Dollars invested (in millions) from 2012 of deals from 2012 84% “As you have more companies that have exits and more peo- California ple that have made money, you have them coming back and Startup/seed New York funding at the pre-VC stage,” he said. +36% 11 -50% Massachusetts $83 Mr. Silverman said that New York is a ripe ecosystem for in- 55% 56% vestment with its focus on media, advertising and Early stage e-commerce—the kind of Internet- and software-based com- +33% 240 +10% panies that thrive as more industries shift to digital and service $1,015 software. “The trends favor New York because of its background and Expansion 16% diversity,”said Eric Hippeau,a managing director at Manhattan- +47% 136 +17% 15% 13% 13% $1,578 10% 12% based Lerer Ventures (No. 1 on Crain’s list). “New York is exciting 7% 7% 7% for us; it continues to be booming as a tech center.” 2% 2% 2% Later stage Lerer Ventures’ investments in 2013 included Betaworks Internet Mobile Software Computer Electronics +11% 54 +2% and (non-Internet/ hardware and Studio, the tech and startup studio behind TweetDeck, $516 telecommunications mobile) services Instapaper and Bitly. Percentages may not equal 100 owing to rounding. Source: CBInsights 2014 Tech —nicholas wells Source: PwC/NVCA MoneyTree Report IPO Pipeline Report
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
FOR ALL CRAIN’S LISTS, VISIT WWW.CRAINSNEWYORK.COM/LISTS
28 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0029-NAT-CCI-CN_-- 12/18/2014 12:26 PM Page 1
This chart was first published June 2, 2014 HEALTH CARE New York Area’s Largest Hospitals Ranked by 2013 operating expenses
Total operating expenses for THE SCOOP TRENDS the top 25 (in millions)
he 2014 Crain’s list of the largest New York-area hospitals reflects the chang- $32,739 ing landscape of health care in the city. Health care systems are getting big- $31,179 ger, neighborhood hospitals are closing, and the city’s Health and Hospitals Corp. is getting squeezed. Most expensive +5% Operating expenses for the four HHC hospitals on Crain’s list rose 3% be- procedures at the top Ttween 2012 and 2013, while patient revenue fell 12.1%. Expenses for the top 25 hospitals 22 NY hospitals in 2011 istock on the list increased 5% in the same period, while patient revenue ticked up just 3.2%. Median Median Anthony Feliciano, director of the Commission on the Public’s Health System, said Hospital Procedure charge cost the Affordable Care Act’s focus on outpatient care means less reimbursement money for hospitals, especially those, like HHC, that cater to uninsured patients. Memorial Sloan Bone-marrow 2012 2013 Kettering transplant $387,653 $169,949 “On the one hand, the ACA is going to help a lot by insuring people,” he said, “but the hospitals are still going to receive cuts at the federal level.”The Independent Budget North Shore Treatment for Patient revenue for the top Office said in May that HHC is “mired in red ink” and projected losses of $535 million University Hospital acute leukemia $264,145 $68,767 25 (in millions) in 2014, which would balloon to $1.6 billion in 2018, if significant action is not taken. Maimonides Cardiac defibrillator The focus on treating patients before they require hospitalization is already leaving Medical and heart assist $28,612 $29,120 hospital beds empty. The top facilities saw their inpatient discharges increase less than Center implant $260,670 $80,859 1% in 2013, while inpatient discharges at the HHC hospitals (not including Bellevue, Maimonides Cardiac valve which was closed through much of 2013 because of Superstorm Sandy) dropped by 3.1%, Medical procedures with to 68,593. Center cardiac catheterization $241,328 $74,859 +3.2% A bright spot for HHC is insurer MetroPlus, a subsidiary that is now selling on the Winthrop- Dorsal and lumbar state insurance exchange. As of May 19, MetroPlus had enrolled 90,558 people through University fusion procedure, except the marketplace, about 35% of exchange enrollees in the city. Revenue from insurance Hospital for curvature of the back $224,992 $79,163 premiums should top $2.26 billion in fiscal 2015, according to the IBO. Source: New York Statewide Planning and Research Cooperative System. Includes procedures of —nicholas wells major severity at facilities with 20 or more discharges. Cost is self-reported annually by the facility. 2012 2013
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book of lists 2015 | Crain’s New York Business | 29 20141222-NEWS--0030-NAT-CCI-CN_-- 12/18/2014 12:26 PM Page 1
HEALTH CARE
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30 | Crain’s New York Business | book of lists 2015 Advertisement
Wellness on the hot seat From annual fl u shots to offi ce Zumba, business leaders are stairs rather than catch the elevator? Have you swapped out Executive redoubling efforts to keep workers healthy. fatty lunchroom fare for healthier food choices? In other words, does your business walk the walk of healthy living? Most are betting that wellness will improve employee health and slow annual growth in health-care spending. Investing Much like encouraging safety on the job reduces the chance Health and in employee health also makes for a happier and more of worksite accidents, building a culture of health helps drive productive workforce, wellness converts say. healthy behaviors among employees, researchers report in the Journal of Occupational and Environmental Medicine. Nationally, 76% of small businesses and 99% of companies Wellness with 200 or more employees provide at least one wellness- Lead by Example related offering, according to the Kaiser Family Foundation/ Health Research & Educational Trust 2013 Employee Business leaders cannot expect a wellness program to Benefi ts Survey. That’s a dramatic leap from 2006, when just thrive if they’re sitting on the sidelines. Senior leaders in the 26% of small employers and 62% of large employees offered organization must be involved to drive change, according to one or more wellness benefi t. an analysis by the non-profi t Health Enhancement Research Organization (HERO) and New York City-based Mercer L.L.C. Yet recent studies raise questions about whether workplace wellness programs make much of a difference. Engage the Workforce So, do workplace wellness programs work or not? You can’t move the needle on health-care costs if people Successful “results-oriented” wellness programs share don’t participate in your wellness offerings, experts say. certain key elements, says the Wellness Council of America. Yet wellness programs tend to attract healthy workers and The best programs have an annual operating plan with employees who are already motivated to lose weight, get a clear vision or mission statement, a wellness team with physically fi t or quit smoking. stated goals and responsibilities, a budget, timelines, a Fewer than 20% of eligible employees participate in marketing plan and a process for evaluating results. workplace wellness, national survey data suggests. Adopting “best practices” can improve employers’ chances What’s missing is the “engagement” piece – the ability to of success, experts say. Here’s a snapshot of strategies that connect with the entire workforce, particularly for those may make a difference. who need the support, and bring them to action, explained Paula Weiss, director of the Center for Corporate Wellness at Build a Culture of Wellness NYU Langone Medical Center. “I think that really remains Does your business encourage employees to hoof it up the the Holy Grail.” í
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This chart was first published Dec. 1, 2014 HEALTH CARE NYC’s Largest Health Insurers Ranked by number of enrolled NYC members THE SCOOP TRENDS Signing up ACA enrollees by borough1 Medicaid CHP2 All QHPs3 he number of New Yorkers enrolled in plans through the 10 largest health 4.6% insurance companies grew by 6.3% in the past year, thanks largely to full im- Bronx 75.5% 19.9% plementation of the Affordable Care Act and the expansion of Medicaid. All 5.3% insurers who reported enrollment numbers for Crain’s list showed increases in Brooklyn 61.4% 33.3% their Medicaid rolls. 3.0% HealthPlus Amerigroup, a subsidiary of Wellpoint Inc. and No. 8 on Crain’s list, saw its rev- Manhattan 52.1% 44.9%
T istockphoto enue jump by 41.8%, totaling nearly $2 billion in 2013. “The revenue increases reflect our 5.6% ability to outreach to members,ensuring that they’re seeing their doctors,”said Jack Stephen- Rising steadily Queens 61.1% 33.3% son ,president and chief executive of HealthPlus.State-funded premiums can increase four- New York state’s spending on fold, Mr. Stephenson said, if an enrollee goes from “healthy nonuser” to “healthy user” pre- Medicaid is projected to Staten Island 57.5% 7.3% 35.2% mium categories by visiting their primary-care physician once a year. “We want people to grow 17% over five years 020406080100 see their doctor,” he said. “To get preventive care, get timely and high-quality care.” (figures in millions). 1-As of April 15, 2014. 2-Child Health Plus. 3-Qualified health plans. Source: NY State of Health 2014 Open Enrollment Report Insurance companies found that the ACA encourages people to become more involved Medicaid in their health care. “We’ve been trying to have a heightened sense of giving individuals the tools and the information they need to make informed choices,” said the Rev. Patrick $20M $19.1M Who’s covered Frawley, president and chief executive of Fidelis Care New York (No. 9). Fidelis increased its city membership by 17.2% since last year, the largest jump on the list. 19M Portion of population with insurance, by borough In the past year, Fidelis opened a revamped website and a redesigned member portal. 2010 2013 The firm is currently piloting self-serve kiosks across the state to provide residents with 18M 92.2% 91.8% 85.0% 86.2% 86.5% 88.8% 89.7% insurance information. It will expand the program if it’s deemed successful. 83.7% 82.2% 82.2% Aetna , the nation’s third-largest insurer (and No. 3 on Crain’s list) reported an 8.6% in- 17M crease in city members in 2014, to 1.1 million, and a 7.1% jump in revenue. Steve Logan,pres- ident of Aetna’s New York market,said the company saw growth in many sectors.To cite just 16M one, “private exchanges are becoming more popular for our national accounts, middle- 2014 2018 market and small-group,” he said. “We’ve seen solid growth across the board.” Source: NYS Division of the Budget, Bronx Brooklyn Manhattan Queens Staten Island —nicholas wells Mid-Year Budget Update Source: U.S. Census, American Community Survey
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This chart was first published Oct. 6, 2014 HEALTH CARE Largest Benefits Consulting Firms Ranked by number of New York-area professionals THE SCOOP TRENDS Power players 2014 number of professionals firmwide Biggest gainers bamacare has been a boon to benefits consulting firms in New Mercer York City. Thirteen firms on Crain’s list reported hiring local Largest increases in area professionals, 2013-2014 20,285 benefits professionals in the past year, an overall increase of Arthur J. Gallagher & Co. Arthur J. Gallagher & Co. 6.3%. Employers are handling the implementation of the Af- 71.8% 19,239 fordable Care Act by reducing costs, increasing transparency HUB International Northeast Oand offering customized benefits packages based on employees’ needs. 45.7% Willis Group “Our employee benefits side of the house is growing by leaps and bounds,” Aon Hewitt 18,000 Lockton Northeast said Ami Shah,employee benefits practice leader at (No.12 on 45.3% Crain’s list).“Much of that revolves around the question of the ACA and the dif- Deloitte Lockton Northeast ferent types of [cost-containment] levers clients are starting to take a look at.” 16,000 19.2% Among the strategies employers are using to comply with the law—whose Alliant Insurance Services Towers Watson & Co. major provisions took effect in January—are what Ms. Shah calls “your basic blocking and tackling”: higher deductibles and co-payments, as well as in- 16.7% 14,000 creased wellness programs and tools to make medical costs transparent. Source: Crain’s research Source: Crain’s research “Think of [transparency]like the old Kelley Blue Book,”Ms.Shah said.Lock- ton reported a 17% increase in head count at its New York office,and Ms.Shah said the private company broke $1 billion in revenue for the first time last year. Who’s covered? In 2012, HUB International Northeast (No. 13) expanded its consulting and Portion of population with employer-based health insurance, 2013 brokerage business with a private insurance exchange, where businesses can offer employees a greater range of health insurance plans. 80% 100% 70 62.4% “I think everyone is looking for a more efficient, more effective way of de- 57.3% SHARE OF FIRMS 60 livering employee benefits,” said Joseph Torella, president of employee ben- 47.2% on Crain’s list that offer 50 44.3% efits at HUB International Northeast. The advantage of a private exchange 35.3% is that employers can offer many different plans, rather than choose one or HR, retirement and 40 welfare consulting. Only 30 two HMOs for their employees to pick from. 20 “It’s really an old-fashioned flex-benefits approach that’s put in a high-tech 65% offer outsourcing consulting. 10 platform,” Mr. Torella said. “It makes it easy to allow employees to make deci- 0 sions that years ago would have been very difficult.” HUB’s marketplace has at- Bronx Brooklyn Manhattan Queens Staten Island tracted 70 clients nationwide,30 of which are in New York.—nicholas wells Source: U.S. Census Bureau
Services
3 New York-area Firmwide professionals1 professionals2 % of Head(s) of NY office/ clients in Rank Firm phone/website 2014 2013 2014 2013 Administrativeconsulting Benefitsadministration CommunicationsCompensationconsulting Human-resourcesconsulting OutsourcingRetirement/savings plansTechnologyconsulting Welfare-planconsulting NY area Compensation $6*46* ' - ( ( ' ( ( .+# /012 ,,33.3! $ !!"#$ !3 4"0# 3 #. %&'()*+,, (+,6*- 03.-+/ + 667 8 - ' ' .+# /012 ! $!3 4"0 (5#$3. 5#.#9.9.34" #. # 3 #. * %&-)'+ 3# 3., [email protected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
34 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0034,0035-NAT-CCI-CN_-- 12/17/2014 4:28 PM Page 2
HEALTH CARE
Services
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This chart was first published Oct. 20, 2014 NONPROFITS NY Area’s Largest Foundations Ranked by assets THE SCOOP TRENDS Foundation executives’ compensation Executive/title/ % change he end is drawing near for Atlantic Philanthropies. The Moving on up foundation 2012 compensation over 2011 ninth-largest foundation in New York, based on LUIS A. UBINAS +14.2% NY state foundations reached new highs in 2012 Former president1 Crain’s research, also ranks as the largest foundation in both assets and total giving (in billions). Ford $951,551 ever to set an end date to its philanthropic activities. Ⅲ Total assets Foundation In 2002,the organization decided to finalize grants by 2016 and distribute all of its $8 billion endowment by 2020. 2008 $90.8 T JUDITH RODIN +6.9% “The question is, do you go [out] big and short, or small and 2009 $96.8 President $923,567 long?” said Tony Proscio, the author of four reports on Atlantic’s Rockefeller 2010 $106.2 Foundation limited life. “[Atlantic founder] Chuck Feeney is a guy who does 2011 $109.0 things big.” perich pascal Chuck Feeney 2012 $119.5 Total commitments under the foundation’s four main pro- ARYEH NEIER +52.7% Source: Foundation Center Former president2 grams—which include aging and population health—totaled Open Society $900,825 $238 million in 2013, up 52% from the previous year, according to the most recent re- Institute port. Among Atlantic’s grants in the New York area was $350 million given in 2012 for Areas of interest the Cornell-Technion campus on Roosevelt Island. Top giving areas by NYC foundations in 2012 DON M. RANDEL +0.9% 1 As Atlantic plans for the end of its operations, others are stepping up to fill the gap. (in millions) Former president $861,331 A newcomer to Crain’s list is JPB Foundation (No. 14), the philanthropic vehicle of Jen- Andrew W. Mellon $856.6 Foundation nifer Picower. JPB received gifts totaling $1.1 billion in 2012 from the estate of Jeffrey $746.9 $669.6 Picower, widely regarded as the biggest beneficiary of Bernie Madoff ’s Ponzi scheme. $524.3 $508.6 Overall, the robust stock market has kept foundation coffers full, said Steven JOHN EITTINGER n/a3 Chief executive Lawrence, director of research at the Foundation Center. And even as the New York Leona M. and $757,212 economy becomes less reliant on the financial sector, Mr. Lawrence said, other indus- Education Public Health Arts Human Harry B. Helmsley affairs/ and services Charitable Trust tries could fill the gap in funding. society culture benefit bloomberg news “With the increasing presence of the tech industry, I think there is good potential 1-Stepped down in 2013. 2-Stepped down in 2012. 3-Figure is for 2013. Joined in for growth in philanthropy from that sector,” he said. —nicholas wells Source: Foundation Center mid-fiscal 2012. Source: IRS forms 990-PF
% % % " % % $ $ % %# ! % % $ % % %!%
02&05/+0/ %%" % >=::=)63/B3@ =C<2/B7=< 1=<=;71=>>=@BC<7BG/<2/113AA @2(B 4=@24=C<2/B7=< =@5 &@3A723@3AA7=<23;=1@/1G@756BA/<2 8CAB713 /&2'6!'--0/05/+0/ % * & $3E-=@9*<7D3@A7BG 7563@32C1/B7=</<2A16=:/@A67> <2(B ;3::=< =@5 &@3A7233@4=@;7<5/@BAA16=:/@:G $3E-=@9$- 1=;;C<71/B7=3 36 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0038-NAT-CCI-CN_-- 12/17/2014 4:29 PM Page 1 This chart was first published Nov. 24, 2014 NONPROFITS NY Area’s Largest Nonprofits Ranked by 2014 total operating expenses SPOTLIGHT MOST GENEROUS NEW YORKERS Those who donated or pledged the most in 2013 EBOLA FIGHT BOOSTS GROUP’S DONATIONS 1. MICHAEL BLOOMBERG 6. STEPHEN SCHWARZMAN NO ORGANIZATION HAS BEEN MORE VISIBLE in responding to the Ebola outbreak in West Africa than Founder, Bloomberg LP Co-founder and chairman, international aid organization Doctors Without Borders. Among its thousands of volunteers was Dr. Blackstone Group Craig Spencer (pictured), the physician who was infected with the virus in Guinea and recovered at Bellevue. The group’s American branch, Doctors Without Borders USA Inc., ranks No. 13 on $452M $103M Crain’s list of the New York area’s largest nonprofits, based on 2014 operating expenses. 2. STEPHEN ROSS Donations to fight Ebola started slowly, but picked up in July with increased media coverage, Chairman, Related Cos. 7. DAVID KOCH Executive vice according to Doctors Without Borders Development Director Thomas Kurmann. “We received a president, Koch Industries lot of visibility in the media because we were on the front line in responding,” he said. The organization has raised about $100 million to fight the deadly epidemic this year, $21 million of $200M $101M which has come from U.S. donors. 3. RONALD PERELMAN The organization set an operating budget of $150 million for 2014 and 2015 combined. Mr. Chairman and chief executive, 8. BRUCE AND SUZIE KOVNER Kurmann said that although daily donations through the organization’s website have increased MacAndrews & Forbes Holding Inc. Chairman, Caxton Alternative six or seven times over their level from last year, he is concerned that donors will contribute more Management in Ebola-restricted funds than the organization can handle. He is urging donors to give without earmarking. “We have limited capabilities to $19 6M $65M intervene in such a project,” Mr. Kurmann said. “We have to be careful in 4. MURIEL BLOCK terms of running the risk of getting overfunded.” Philanthropist 9. JULIAN ROBERTSON JR. Founder, Doctors Without Borders is trying to avoid the overfunding that Tiger Management Corp. flooded the Red Cross after Superstorm Sandy, according to Bob * Ottenhoff, president and executive director of the Center for Disaster $16 0M courtesy albert einstein college medicine of $64.3M Philanthropy, which advises nonprofits and donors on disaster 5. SANFORD “SANDY” AND response. The Red Cross collected about $100 million more than it was 10. ARTHUR AND JOAN WEILL Chairman REBECCA SAMBERG Founder, able to spend on Sandy relief, Mr. Ottenhoff said, resulting in a emeritus, Citigroup Inc. Pequot Capital Management scandal documented by ProPublica and NPR. “Donors need to be more conscious that there’s a life cycle of a disaster,” Mr. Ottenhoff said. “It’s not just relief, but there bloomberg news $118.1M $50.1M are often long-term disasters.” —NICHOLAS WELLS * Bequest Source: The Chronicle of Philanthropy ap images 2014 fundraising expenses 2014 income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| Crain’s New York Business | book of lists 2015 20141222-NEWS--0039-NAT-CCI-CN_-- 12/17/2014 4:29 PM Page 1 NONPROFITS 2014 income 2014 income # $ % # $ ' $ #$ # " & $!& ! " "! % ! 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Our team of professionals is ready to provide you with a comprehensive Business Banking product set including: tDeposit Products tBusiness Lines of Credit tSBA loans tBusiness Term Loans tOwner–Occupied Commercial Real Estate Mortgages Flushing Bank is pleased to announce the addition of a new location opening in February 2015 at: 99 Park Avenue New York, NY 10016 For more information call today or visit www.FlushingBank.com. *All loans, lines of credit and mortgages are subject to credit approval. Flushing Bank is a registered trademark book of lists 2015 | Crain’s New York Business | 39 20141222-NEWS--0040-NAT-CCI-CN_-- 12/17/2014 4:29 PM Page 1 This chart was first published June 16, 2014 PEOPLE New York Area’s Fortunate 100 Chief executives ranked by 2013 total compensation TRENDS bloomberg news MARIO J. GABELLI (No. 1), Gamco Investors Inc., $85,049,800 LESLIE MOONVES (No. 2), CBS Corp., $65,589,245 HENRY KRAVIS (No. 3), KKR & Co., $44,205,435 RISING RICHES BIGGEST WINNERS Growth in NYC executive pay has outpaced average annual wages of all occupations in the NYC area. Five of the 2013 Fortunate 100 saw their pay more than double from 2012 to 2013; their companies did well, too. Mean CEO total pay NYC area annual wages The average increase for the Fortunate 100 was 8.9% for the same period. % increase Fiscal year stock $15,000,000 $62,000 performance $14,652,723 $14,581,799 JAMES MEYER, Sirius XM +596.2% +15.6% $13,199,714 $12,709,273 $11,868,010 IRWIN SIMON, Hain Celestial Group +185.5% +16.7% 7,500,000 61,000 STEPHEN SCHWARZMAN, Blackstone Group $60,610 +161.3% +94.6% FABRIZIO FREDA, Estée Lauder Cos. e +138.3% g +20.2% a im 0 60,000 JOHN THAIN, CIT Group ap 2009 2010 2011 2012 2013 +101.1% James Meyer +33.5% Note: All figures adjusted to 2013 dollars. Sources: Equilar, U.S. Bureau of Labor Statistics Sources: Equilar and Yahoo Finance DIFFERENT STROKES GENDER BENDER Together, the 93 men on the list received more than $100M in bonuses. The seven women received more of their total combined compensation in salary and stock awards. Salary 12.8% 8.4% Bonus 0.0% 7.2% 83 75 28.3% NEIP payouts 18.1% cents cents Option awards 2.8% 14.1% Stock awards Other 53.6% 36.7% 15.7% AVERAGE AMOUNT 2.4% AVERAGE AMOUNT U.S. women make for every women on the Fortunate 100 Female total Male total dollar earned by comparably employed men list make for every dollar earned by men on the list Source: Equilar Sources: Equilar, the Urban Institute " # " # ! ! $ % % % % & & $ $ ''()() *+ *+ ! 0PaRc 2bpTghcfg 2bR 0%5 ,-./01)-,-./01)- "#" #! ! 2 '$ &%B &cfd &%B ,3./.-1),3./.-1) " " ### # " ""! 4 4 )) 5$5$ ! 44A ' &c 44A ,00/.)0,00/.)0 # #" !! * * )) + + ! 44A ' &c 44A ,00/-),00/-) "" #" !! 6 6 6)6)7 7 # EXPRca 2bR E2$% , 8/-3), 8/-3) # !"! ! !# "! 2 ) 9 ATVTbTfcb 9WPfaPRTihXRP`g 2bR A(07 , 3/8)8, 3/8)8 ! ! #! ( 99 ( 99 2)2) ! % CXaT FPfbTf 2bR CFG , /.)8, /.)8 !"! "" # #!# "! :+; : (ghvT 5PiSTf &cg (5 , /31)3, /31)3 ! " #" # !! "! ! <% 7) 1PXb &T`TghXP` 0fcid 2bR 1$27 ,3/03)3,3/03)3 "#" "! !! "! 2 ! AP`dW 5PifTb &cfd A5 ,3/.8),3/.8) ! !! 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FOR ALL CRAIN’S LISTS, GO TO WWW.CRAINSNEWYORK.COM/LISTS Having cancer is hard. Whether you need Finding help shouldn’t be. lodging when treatment is away from home, help navigating the health care system, rides to treatment, or emotional support, the American Cancer Society is here for you when you need us, where you need us. ©2014 American Cancer Society, Inc. – No.030394 Visit cancer.org or call us anytime at 1-800-227-2345. 42 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0043,0044-NAT-CCI-CN_-- 12/17/2014 4:31 PM Page 1 This chart was first published April 7, 2014 PEOPLE Top-Paid Hospital Executives and Employees Ranked by 2012 cash compensation njbiz / aaron houston aaron buck ennis buck ennis JOSEPH TRUNFIO (No. 2), Atlantic Health System STEVEN SAFYER, M.D. (No. 4), Montefiore Medical Center ROBERT GROSSMAN, M.D. (No. 6), NYU Hospitals Center BIGGEST RAISES THE BIG PICTURE Executive % change in base compensation Even excluding Barnabas’ Ronald Del Mauro’s $21M severance package, the top 25 hospital executives received KENNETH THOMAS BARRY EDWARD ROBERT KELLY, more of their reportable compensation outside of their base pay than other hospital employees. DAVIS, M.D. BIGA OSTROWSKY DINAN M.D. Base compensation Bonuses Other compensation $3,431,313 (No. 8) (No. 25) (No. 13) (No. 5) (No. 14) $5,205,214 5.6% +40.8% +30.8% +21.9% +21.3% +11.5% 8.5% $17,376,168 $25,254,603 23.8% Employee % change in base compensation 34.6% PHILIP GUTIN, DANIEL STEIN, LAURENCE SPIER, PETER JOSEPH DISA, M.D. M.D. M.D. CORDEIRO, M.D. M.D. $30,313,133 $52,632,396 (No. 9) (No. 7) (No. 23) (No. 15) (No. 18) 41.6% 85.9% +30.3% +23.0% +21.6% +20.8% +17.3% Base compensation includes compensation from the organizations and related organizations. EXECUTIVES EMPLOYEES Based on available information in hospitals’ 2011 and 2012 990 tax forms. TOP-PAID HOSPITAL EXECUTIVES TOP-PAID HOSPITAL EMPLOYEES Cash compensation Other Cash compensation Other Rank Officer/director/trustee Hospital/system from org./from related orgs. compensation Rank Employee Hospital/system from org./from related orgs. compensation Ronald Del Mauro,1 Barnabas Health $21,678,6572 $2,200 Mark Sultan, M.D., Beth Israel Medical Center1 $4,416,590 $36,149 1 former president and $0/$21,678,657 1 chief, plastic and $4,416,590/$0 chief executive reconstructive surgery 3 Joseph Trunfio, Atlantic Health System $9,970,455 $723,406 Mark Urken, M.D., Beth Israel Medical Center1 $4,319,295 $66,596 2 president and chief executive $9,970,455/$0 2 chief, head and neck $4,319,295/$0 surgical oncology Herbert Pardes, M.D.,5 New York-Presbyterian Hospital $5,534,3026 $52,278 Peter Gross, M.D.,2 Hackensack University Medical Center $3,250,2293 -$47,8414 executive vice chairman $5,534,302/$0 3 3 former physician, $3,250,229/$0 infectious-disease specialist Steven Safyer, M.D., Montefiore Medical Center $4,393,8507 $51,204 5 4 president and chief executive $4,393,850/$0 Richard Shlofmitz, M.D., St. Francis Hospital $3,236,125 $47,719 4 chair, cardiology $3,236,125/$0 Edward Dinan, Lawrence Hospital Center $3,749,1688 $240,011 Robert Michler, M.D., Montefiore Medical Center $2,747,656 $51,438 5 president and chief executive $3,749,168/$0 5 chair, surgery $2,747,656/$0 and cardiothoracic surgery 4 Robert Grossman, M.D., NYU Hospitals Center $3,540,942 $606,226 Robert Goodman, M.D., St. Luke’s-Roosevelt Hospital Center1 $2,678,270 $258 6 dean and chief executive $1,770,741/$1,770,471 6 chair and attending, $2,678,270/$0 neurosurgery Steven Corwin, M.D.,5 $3,364,0159 $223,144 New York-Presbyterian Hospital Daniel Stein, M.D., St. Luke’s-Roosevelt Hospital Center1 $2,655,928 $43,577 $3,364,015/$0 7 chief executive and trustee 7 interim chair, obstetrics $2,655,928/$0 and gynecology Kenneth Davis, M.D., Mount Sinai Hospital10 $3,199,822 $57,450 Jatin Shah, M.D., $2,626,9086 $73,325 8 president and chief executive $1,599,911/$1,599,911 Memorial Sloan-Kettering 8 chief, head and neck service Cancer Center $2,626,908/$0 Deborah Tascone, R.N.,11 North Shore-Long Island $2,976,11712 $251,538 9 former regional Jewish Health System $2,976,117/$0 Philip Gutin, M.D., Memorial Sloan-Kettering $2,598,204 $130,054 executive director 9 chair, neurosurgery Cancer Center $2,598,204/$0 Dennis Dowling, North Shore-Long Island $2,898,14813 $527,822 Martin Keltz, M.D., St. Luke’s-Roosevelt Hospital Center1 $2,525,113 $17,260 10 senior vice president, Jewish Health System $2,898,148/$0 10 director, Continuum $2,525,113/$0 ambulatory services Reproductive Center Lyle Leipziger, M.D, Long Island Jewish Medical Center7 $2,375,620 $42,600 Keith Thompson,14 $2,868,82215 $533,031 North Shore-Long Island 11 chief, plastic surgery $2,375,620/$0 11 senior vice president and Jewish Health System $2,868,822/$0 general counsel Alejandro Berenstein, M.D., Beth Israel Medical Center1 $2,298,664 $47,060 $2,298,664/$0 Michael Dowling, North Shore-Long Island $2,823,35016 $1,128,235 12 director, Hyman-Newman president and chief executive Jewish Health System $2,823,350/$0 Institute for Neurology and 12 Neurosurgery 8 Barry Ostrowsky, Barnabas Health $2,558,07617 $280,260 Milton Waner, M.D., Beth Israel Medical Center1 $2,275,902 $45,629 president and chief executive $0/$2,558,076 13 former director, Vascular $2,275,902/$0 13 Birthmark Institute Robert Kelly, M.D.,5 New York-Presbyterian Hospital $2,399,94218 $219,906 Andrew Casden, M.D., Beth Israel Medical Center1 $2,269,529 $54,028 14 president $2,399,942/$0 14 former associate director, $2,269,529/$0 Spine Institute Craig Thompson, M.D., Memorial Sloan-Kettering $2,359,106 $281,566 Peter Cordeiro, M.D. Memorial Sloan-Kettering Cancer Center $2,197,946 $117,069 15 president and chief executive Cancer Center $2,359,106/$0 15 chief, plastic and reconstructive $2,197,946/$0 surgical service book of lists 2015 | Crain’s New York Business | 43 20141222-NEWS--0043,0044-NAT-CCI-CN_-- 12/17/2014 4:31 PM Page 2 PEOPLE TOP-PAID HOSPITAL EXECUTIVES TOP-PAID HOSPITAL EMPLOYEES Cash compensation Other Cash compensation Other Rank Officer/director/trustee Hospital/system from org./from related orgs. compensation Rank Employee Hospital/system from org./from related orgs. compensation Robert Garrett, Hackensack University $2,287,88419 $440,633 Alan Hartman, M.D., North Shore University Hospital7 $2,013,469 $42,600 16 president and chief executive Medical Center $2,287,884/$0 16 senior vice president and executive $2,013,469/$0 director, cardiothoracic services Phyllis Lantos, New York-Presbyterian Hospital $2,183,39120 $49,169 Peter Scardino, M.D., Memorial Sloan-Kettering Cancer Center $1,979,255 $72,631 17 executive vice president, chief $2,183,391/$0 17 chair, surgery $1,979,255/$0 financial officer and treasurer Andrew Kovach, Atlantic Health System $2,106,490 $258,854 Joseph Disa, M.D., Memorial Sloan-Kettering Cancer Center $1,942,184 $104,622 18 vice president, human resources, $2,106,490/$0 18 attending, plastic and $1,942,184/$0 and chief administrative officer reconstructive surgery $1,893,564 Stanley Brezenoff, Beth Israel Medical Center10 $2,102,339 $43,644 Richard Kraut, D.D.S., Montefiore Medical Center $48,313 19 chief executive $2,102,339/$0 19 chair, dentistry $1,893,564/$0 7 $1,892,241 Joel Perlman, $1,876,83721 $50,987 Barry Kaplan, M.D., Long Island Jewish Medical Center $42,600 Montefiore Medical Center $1,892,241/$0 20 executive vice president and $1,876,837/$0 20 vice chair, cardiovascular disease, chief financial officer internal medicine, interventional cardiology Keith Safian $1,836,88022 $44,750 Phelps Memorial Hospital Center Farr Nezhat, M.D., St. Luke’s-Roosevelt Hospital Center1 $1,839,538 $21,491 $1,836,880/$0 21 president 21 director, minimally invasive $1,839,538/$0 surgery and gynecologic robotic 23 Miguel Fuentes Jr., Bronx-Lebanon Hospital Center $1,782,623 $29,982 Patrick Borgen, M.D., Maimonides Medical Center $1,832,976 $40,365 22 president and chief executive $1,782,623/$0 22 chair, surgery $1,832,976/$0 Jon Schandler, White Plains Hospital Medical Center $1,753,038 $44,699 Laurence Spier, M.D., North Shore University Hospital7 $1,810,071 $42,600 23 chief executive $1,753,038/$0 23 director, minimally invasive $1,810,071/$0 and robotic thoracic surgery Audrey Meyers, Valley Hospital $1,739,83924 $445,273 Shalom Kalnicki, M.D., Montefiore Medical Center $1,806,007 $48,144 24 president and chief executive $1,739,839/$0 24 chair, radiation oncology $1,806,007/$0 Thomas Biga, Barnabas Health $1,739,66525 $34,664 William Samson, M.D., St. Luke’s-Roosevelt Hospital Center1 $1,787,639 $12,418 25 executive vice president and $0/$1,739,665 25 associate chief, plastic surgery $1,787,639/$0 chief operating officer Cash compensation includes base compensation, bonus and incentive compensation, and other reportable compensation from the organization and related organizations. Other compensation includes nonreportable compensation, deferred compensation, retirement plan benefits, health care benefits and other fringe benefits from the organization and related organizations. SERP-supplemental executive retirement plan. Individuals may have additional titles. Hospital employee compensation may not include medical school pay. Notes on top-paid executives: 1-Retired in 2011. 2-Includes $4,553,621 from a split-dollar life insurance policy. Includes $31,405 from medical/dental insurance premiums paid by the organization. Includes $13,959,337 complete and final SERP distribution. Includes $1,160,000 from vested benefits in a long-term incentive plan. Includes a $870,000 performance bonus. 3-Includes $3,744,997 provided under a retention agreement, a $4,011,906 payment from a midcareer hire nonqualified plan, $222,860 for the present value of future benefits and taxable benefits of $54,961. 4-Includes a $568,875 SERP participa- tion. 5-Employee only of New York-Presbyterian Hospital, and compensation comes only from New York-Presbyterian Hospital. 6-Includes a $195,698 SERP participation. 7-Includes a $2,201,953 SERP distribution. 8-Other compensation includes a $210,000 SERP participation and a portion of Mr. Dinan’s other reportable compensation of $2,721,399 includes taxable retirement benefits. 9-Includes a $445,592 and $171,053 SERP participation. 10-In September 2013, Mount Sinai Medical Center and Continuum Health Partners merged to become the Mount Sinai Health System. 11-Stepped down in 2012. 12-Includes a $208,938 SERP participation. 13-Includes a $485,222 SERP participation. 14-Stepped down in 2013. 15-Includes a $484,450 SERP participation. 16-Includes a $1,079,610 SERP participation. 17-Includes a $75,687 SERP participation. Includes $900,000 from vested benefits in a long-term incentive plan. Includes $250,000 from unvested benefits in a long-term incentive plan. 18-Includes a $364,603 and $155,364 SERP participation. 19-Includes a $397,526 SERP participation. Other compensa- tion includes a $106,939 payment to a nonqualified deferred compensation plan. 20-Includes a $465,191 SERP participation. 21-Includes a $562,330 SERP distribution. 22-A portion of Mr. Safian’s other reportable compensation of $728,751 includes taxable retirement benefits. 23- Includes a $216,385 SERP distribution. 24-Includes a $372,300 SERP payment and a $393,129 deferred compensation contribution. 25-Includes a $323,862 SERP participation. Includes $335,000 from vested benefits in a long-term incentive plan. Notes on top-paid employees: 1-In September 2013, Mount Sinai Medical Center and Continuum Health Partners merged to become the Mount Sinai Health System. 2-Retired in 2012. 3-Includes a $1,928,460 deferred compensation payment, vested benefits of $113,355 in a deferred compensation plan and a $87,606 SERP participation. 4-This amount is the result of an assessment and reconciliation performed due to retirement. 5-Corporate member of Catholic Health Services of Long Island. 6-Includes a $1,470,643 distribution in other reportable compensation. 7-Corporate member of North Shore-LIJ Health System. 8-Stepped down in 2013. Sources: Forms 990 for 2012 (the latest year available) from New York area hospitals. Research by Suzanne Panara, Malik Singleton and Nicholas Wells. Additional research by Barbara Benson. FOR ALL CRAIN’S LISTS, VISIT WWW.CRAINSNEWYORK.COM/LISTS The Corporate Gifts You Want Available ONLY Through Rymax. Rymax has more exclusive relationships than anyone in the corporate gifting industry. For the complete list of brands,, visit www.rymaxinc.com/exclusive. WWWRYMAXINCCOM s Incentive Solutions Delivered. Worldwide. Copyright © 2014 Rymax Marketing Services, Inc. All rights reserved. 44 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0045-NAT-CCI-CN_-- 12/18/2014 12:27 PM Page 1 This chart was first published Feb. 24, 2014 Fe PEOPLE Largest Executive Recruiting Firms Ranked by number of NY area recruiters THE SCOOP TRENDS RISING PAY Recruiters get busy as economy rebounds Financial services will not keep pace with wage growth in other sectors. Average wage forecast, 2013-2017, in selected industries: ew York-area executive recruiting firms had a strong year in 2013, feeding Avg. Avg. Forecast off the improving economy and new federal regulations that created jobs in wage, wage, % change a number of industries. As the city’s unemployment rate dropped to 8.1% in Employment growth forecast (in thousands) 2013 2017 in wages December 2013—its lowest since 2009—companies looked to search firms Professional and business services to help them navigate a reduced pool of candidates. +73.4 $104,637 $119,469 +14.2% To handle the influx of business, recruiters did their own hiring. Of the top 25 compa- N Education and health care services nies on Crain’s list, 19 added local employees in 2013, bringing their total workforce to 1,308. The No. 4 company on Crain’s list, 24 Seven Inc., a search firm that specializes in +68.0 $52,174 $60,009 +15.0% fashion and marketing, reported hiring 25 New York-area recruiters, an uptick of 38%. Leisure and hospitality “We’ve been expanding and adding people to our team in a number of areas, particu- +35.3 $44,033 $52,556 +19.4% larly on the digital side,” said 24 Seven President Celeste Gudas.“There’s lots going on as Financial activities brands try to reinvent themselves. There’s a big change into the digital world.” Michael Koren, chief executive of Koren Rogers Executive Search (No. 19), sees the in- +12.0 $207,030 $226,497 +9.4% crease in his company’s business as a harbinger for the strengthening economy. As com- Total (all industries) petition for top talent increases, companies are seeking professional help to find suitable +272.5 $82,752 $93,263 +12.7% istockphoto hires. Source: NYC Independent Budget Office “They’re coming back to recruiters to a greater degree,” Mr. Koren said. “How do you get the best candidates to spend an hour with your company if they’re pretty happy? Some- JOB GROWTH BY NUMBER ...... AND PERCENTAGE one’s got to woo them.” New jobs forecast (in thousands) Employment growth forecast Compliance officers and general counsels are in particular demand, thanks to new reg- 75.1 IBO 1.9% 1.9% IBO ulations in the health care industry and financial-services sector. 73.0 71.0 70.9 1.8% 67.3 OMB 1.7% 1.7% OMB 63.3 “The Volcker Rule and Dodd-Frank have been huge for our business,” said Jason 1.5% Wachtel, managing partner at JW Michaels & Co. (No. 15). Mr. Wachtel said that legal and 51.0 50.0 compliance made up about 65% of the firm’s billings in 2013. 48.0 47.0 1.2% 1.2% 1.2% 1.2% The state Department of Labor predicts jobs for compliance officers for businesses to grow by 9.4% between 2010 and 2020. Companies are also searching for executives knowledgeable about social media,as firms expand their digital presence. “All my companies want to have social-networking experts,” said Ric Wolf, president and chief executive of Global Research (No. 18).“They see that’s the wave of the future, and 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 they want that presence.” Global Research reported a 3% increase in New York-area Sources: NYC Independent Budget Office, Mayor's Office of Sources: NYC Independent Budget Office, Mayor's Office of Management billings in 2013. —nicholas wells Management and Budget and Budget *! *# $ ##&%#$ ##&%#$ # #! *#% ! " ( ! 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(7:3 ):-) 7..1+- 4;7 ;-:>-; ); :-/176)4 8:)+<1+- 5)6)/16/ 8):<6-: .16)6+1)4;-:>1+-; "-;-):+0#=B)66-!)6):))6, 1+074);'-44; FOR ALL CRAIN’S LISTS, VISIT WWW.CRAINSNEWYORK.COM/LISTS Spectacular Sublease Available 2500 Halsey Street | Bronx, New York 10461 AVAILABILITY Entire 1st floor: 74,060 RSF Asking rent: upon request Possession: arranged Term: thru September 1, 2019 TI: As-is Basis Landlord: Commerce – Halsey LLC FEATURES All furniture to be included Ample off street parking Close proximity to public transportation FIRST FLOOR—74,060 RSF Westchester Square amenities Possibility of combining with landlord’s 45,000 SF CONTACT: Victor A. Hayghe for a total of 119,060 SF 718-794-5317 | [email protected] 46 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0047-NAT-CCI-CN_-- 12/18/2014 12:28 PM Page 1 This chart was first published Sept. 29, 2014 S PROFESSIONS NY Area’s Largest Accounting Firms Ranked by number of area professionals Good numbers THE SCOOP Total accounting-field employment reached a he rebounding economy means companies have whose revenue increased from $44 million in new high in 2014 to attract the talent to accommodate specific needs more money to spend on accounting, tax prep, 2012 to $301 million in 2013, thanks in part to 60 Jobs, in thousands and a changing economy. Average salaries in pub- bookkeeping and payroll services, which hit a new its absorption of Holtz Rubenstein Reminick. 50.2 lic accounting are up more than 3% in the past year, employment high of 50,200 in the city in July Barry Garfield, regional managing partner at 50 according to consulting firm Robert Half. 2014, according to state data. Baker Tilly, said that New Yorkers’ rising for- “The hiring is extremely competitive right now Generational shifts, meanwhile, have businesses relying tunes are trickling into accounting. “More and 40 between the firms,” said Joel Cooperman, found- T 2005 2014 more heavily on accountants, according to Lou Grassi, man- more people are coming into a greater amount of ing and managing partner of Citrin Cooperman & Co. Grassi & Co. Figures are for July of the given year. aging partner and chief executive of (No. 17 on wealth, and they’re thinking they need to get Source: NYS Department of Labor (No. 10). “There’s a ton of executive search firms Crain’s list).“The early part of the baby boomers are nearing re- their house in order,” he said. that are constantly reaching out to our partners and tirement,”he said,“and are finding out they don’t have the right The median income for a Manhattan family jumped 8.5%, other firms trying to get them interested.” succession-planning needs.” to $88,247, from 2012 to 2013, according to recently released The economic uptick raised Citrin’s revenue by 8.2% to Grassi & Co. reported a 2.1% rise in revenue in 2013 over data from the U.S. Census. $132 million and allowed it to expand.It hired 175 profession- 2012 numbers,to $40 million,and a 12.7% increase in area pro- Mr. Garfield credited the firm’s success to focusing on spe- als,the largest proportional increase on this year’s list.The firm fessionals.Those new employees included new hires and about cialized practice areas. “The accountant who’s a generalist— is also extending its footprint, adding a seventh floor to its 30 professionals from a merger with the Hochman Practice that’s a provider of the past,” he said. “You really need to midtown offices—a “concept floor” to facilitate high- Group. demonstrate your expertise and knowledge.” density usage in the 2020s. A merger also paid off for Baker Tilly Virchow Krause (No. 20), With employment booming in the industry,firms are vying —nicholas wells ' ' ' ' ' $ ' ' "!' ! ' $ # " ' ! " ! ' '!% # &' # ' $ ! ' $' ' ' ' ' ' 9 ) & &', ! ) $038A=<D4 EEE >E2 2=; %4E.=@9 %. 4156$271+ '++ $$" / < 3 *8;4A)?C0@4 EEE 4G 2=; " ! $ &* )) %4E.=@9 %. ' )) ++ '0@9D4 EEE 9>;6 2=; CA %4E.=@9 %. )/2-66) + - $$, " < 3 (=29454::4@':0H0 EEE 34:=8BB4 2=; %4E.=@9 %. -51)403)4 !)$ * "&*+ "& *78@3D4 EEE 48A<4@0;>4@ 2=; '.) '! & %4E.=@9 %. &4'70 ) / "& ) < 3 < 3 < 3 *78@3D4 EEE ;0@2C;::> 2=; %4E.=@9 %. 2,1 )<1-'. + - &/ ) )8FB7D4 EEE 2=7<@4H<829 2=; %4E.=@9 %. 4&16!,241621 )&#,)) < 3 *78@3D4 EEE 6@0 book of lists 2015 | Crain’s New York Business | 47 20141222-NEWS--0048-NAT-CCI-CN_-- 12/18/2014 12:29 PM Page 1 PROFESSIONS ( $ #$$ $ & # ! # % $& ' & ! !! " ! ! ! " " &4+2/-1#-1)48)15 / $"& ) < 3 *78@3D4 EEE ;E4::> 2=; %4E.=@9 %. %&;)42**0&1'&11 ) / $, # @G0@064@;4B8A 2=; -" *+ %4E.=@9 %. &: ! ' )+0 - B7)B EEE A0F1AB 2=; + (! & )))' %4E.=@9 %. #-552 ,$ + )*'& < 3 '4<<':0H0 EEE E8AA 2=; )# $ *+ "& %4E.=@9 %. 25)1 );0274 ,&355&46-12 " ! $ )&*+ "& *78@3D4 EEE @AA;2>0 2=; %4E.=@9 %. &4)16))&4( '* (! "$$ 85B7D4 < 3 %4E.=@9 %. #-6,70 0-6,4291 "$$"% %&) @=03E0G EEE E8B7C; 2=; " ! $+$$'& %4E.=@9 %. 716)44273 -"& &* & < 3 (=CB4 EEE B747C Showcase your property or company to Crain’s audience of real estate business leaders and decision-makers In our upcoming special advertising section, New York’s Real Estate Community: Like No Other. Align your brand with top-tier content from Crain’s Custom Studio, highlighting the vibrancy and complexities of the real estate industry, in a section that will be distributed to all attendees at this year’s REBNY Gala. Issue Date: January 12, 2015 | Close Date: January 5, 2015 For more information, please contact Rob Pierce at (212) 210-0412 or [email protected]. 48 | Crain’s New York Business | book of lists 2015 Crain’s Corporate Profiles in Accounting { Accounting Entrepreneurs Becoming Successors Instead ...S2 { Managing the Expansion...S4 { The Rise of the Specialists...S7 A Special Advertising Section to Crain’s New York Business TODAY’S FIRM SUCCESSION PLANS INCLUDE RECRUITING TOMORROW’S ENTREPRENEURS BY ALEC FOEGE hen Craig Wild was young, his grandfather RF Resources LLC, a Manhattan-based CPA placement Craig Wild suspects that caused newer entrepreneurial Wowned a tax accounting practice in Brooklyn. firm that also helps small-to-medium-size firms create grads to look toward accounting again, which should Mr. Wild spent many a fond night and succession strategies. Mr. Fligel says he has seen a 33% benefit firms like his that are always searching for the weekend during his formative years helping his surge in such queries over the last five years. next generation’s leaders. grandfather fill out tax returns by hand. He enjoyed the work so much, he made an agreement with his family Increased interest in successor scenarios from ambitious to work for his grandfather after graduating college young CPAs has even encouraged some New York area and getting his accounting license, with the intent of firms that already have in-house candidates in place eventually taking over the firm. to rethink their futures. A firm generating $3 million “I have seen a in annual revenues, whose partners asked to remain Unfortunately, his grandfather died during Mr. Wild’s anonymous due to the sensitive nature of their plan, had senior year in college. “I went to the family, and said, ‘I a younger partner with rainmaking abilities and strong substantial increase still want to do this,’” he recalls. “The family’s response client-handling skills, but not the right organizational and was, ‘You don’t have your degree, you don’t have your strategic abilities to carry the firm into the next decade. license—you can’t do anything.’ So the business was in CPA firm managers sold, and it was sold at a huge discount, because he had The senior partner wanted to start working less passed away.” and eventually retire, but hiring a new partner is an expensive proposition for a smaller firm, especially when and partners Now a partner at Wild, Maney & Resnick LLP, a six- factoring in the cost of releasing the new hire from any partner CPA firm in Woodbury, NY, Mr. Wild learned covenants with his or her old firm. The new hire needed the hard way that having a clear, executable succession to have an existing book of business and reasons for seeking to either plan is a must for accounting firms keen on surviving, coming on board beyond wanting a new job with equity and thriving, past the current generation of partners. in the firm. “Most firms don’t hire new partners as Earlier in his career, an accountant he partnered with equity partners,” says Mr. Fligel. In this case, discussing go on their own or died from a heart attack just six months after the two a succession plan as part of the negotiation, including a joined forces. “Now I’m out there looking for a young, timeline for increasing equity and a possible retirement entrepreneurial CPA, someone in his or her 30s or 40s, date and payout plan for the older partner, allowed both find a ‘successor’ who’s got a little business on the side,” who he hopes to sides to make a long-term plan and acquire some of the convince to come on board, Mr. Wild says. stability they were ultimately looking for. opportunity,” says Looking outside the practice for potential successors has This mutually beneficial succession approach holds become a common strategy among small-to-medium- strong appeal, particularly for family-owned accounting size New York-area accounting firms, an approach businesses that do not want to lose control of their firm’s Robert Fligel, president made easier by the high concentration of local talent. future. “I want to hand-pick who my successor will be,” While senior CPA firm partners once viewed young, says J. Timothy Sherman, managing partner at Cohen entrepreneurial accountants as competitive threats, now Greve & Company, a four-partner firm with offices in of RF Resources LLC they are actively courting them as future leaders of their Mineola, N.Y., and Manhattan. own firms. And in many cases, the young, would-be business founders are accepting such offers instead of In a previous generation, 10 or 15 years ago, a lot of going it alone or buying another firm. young, entrepreneurial graduates with financial degrees “I can hire a dozen back-room, technical accountants who might have traditionally gotten their licenses and anytime I want,” Wild says. “I need the front-room “I have seen a substantial increase in CPA firm managers gone into the accounting profession instead tried their accountant, the entrepreneurial type who can go into a and partners seeking to either go on their own or find a luck in the far more lucrative world of investment meeting, who can go into a networking event, and who ‘successor’ opportunity,” says Robert Fligel, president of banking. But after the economic collapse of 2008, can do a good presentation. That’s the difficult part.” { investment banking jobs became far harder to come by. S2 Crain’s Corporate Profiles in Accounting A SPECIAL ADVERTISING SECTION A SPECIAL ADVERTISING SECTION Crain’s Corporate Profiles in Accounting WEISERMAZARS LLP PROVIDES INSIGHT AND SPECIALIZED EXPERIENCE IN ACCOUNTING, TAX AND ADVISORY SERVICES TO BUSINESS ENTERPRISES AND HIGH NET WORTH INDIVIDUALS. Since 1921, our skilled professionals have leveraged WORLDWIDE RESOURCES technical expertise and industry familiarity to create As the independent U.S. member firm of Mazars customized solutions to overcome client challenges, Group, the 11th-largest accounting organization in whether on the local, national, or international level. the world, we have a global reach of nearly 14,000 professionals in more than 70 countries. 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Timothy Sherman, managing partner at Cohen Greve kind of work,” he says. “But to & Company, a 22-person CPA practice with offices on market to attorneys without a Long Island and in Manhattan, began planning his certification fell on deaf ears. So firm’s most recent expansion under relatively difficult now we have CFEs [Certified circumstances. After the economic crisis of 2008 hit the Fraud Examiner licenses] and New York area, small-to-medium-size accounting firms CFFs [Certified in Financial felt the impact harder than some larger ones, and Mr. Forensics].” Mr. Sherman also Sherman’s firm was no exception. hired an accountant who was an expert in handling taxes in The firm had traditionally served family businesses, divorce situations. In addition, distributorships, manufacturers, and garment district Cohen Greve purchased firms. But those kinds of companies also were feeling a small firm, A.F. Notaris, the pinch during the downturn. “I had to find new CPA, that concentrated on revenue streams,” Mr. Sherman says. physician practices and other professional-services firms, and As part of his plan to expand, Mr. Sherman and more importantly, was based two of his managers became certified for forensic in Manhattan. “We decided we accounting. “Being auditors, we’ve always done this wanted a presence in New York (Continued on S6) ANCHIN, BLOCK & ANCHIN LLP YOUR EXPERT PARTNER For decades, Anchin, Block & Anchin LLP has been government agen- recognized as a top-tier firm nationwide in terms of cies. These programs its quality, size, management, scope of services, and enhance economic work environment. 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S4 Special Advertising Section Crain’s Corporate Profiles in Accounting WITHUMSMITH+BROWN, PC EXPERIENCE THE WITHUM WAY ThThe e professionals professionals at at Withu WithumSmith+Brown,mSmith+Brown, Certifi Certified ed & Dtribution,istribution, Technology, Technology, Profe Professionalssional Ser Services,vices, C onstruc- PublicPublic Accountants Accountants and and Consultants, Consultants, believe believe a sus-a sus- Construction,tion, Healthcare Healthcare and Not-for-Profit. and Not-for-Profi t. tainedtained co commitmentmmitment to to delivering delivering world-class world-class client client “WITHUMSMITH+BROWN’S GREATEST serviceservice requires requires an an eff effective ective culture. culture. WeWe call call it it the the At AtWithu WithumSmith+Brown,mSmith+Brown, world-class world-class client client service service is is WithuWithumm Way Way: : the the philosophy philosophy which which defi defines nes who who we we continuallycontinually at theat the forefront forefront of ourof our daily daily activities. activities. Our Our SUCCESS IS DERIVED FROM OUR are,are, what what we we do, do, and and what what our our clients clients can can expect expect fro fromm cultureculture cultivates cultivates passionate, passionate, talented talented individuals individuals who who PEOPLE WHO WORK ALONGSIDE us.us. 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IN HELPING THEIR BUSINESSES This is all a part of the Withum Way experience. “Our“Our relationship relationship with with WithumSmith+Brown WithumSmith+Brown goes goes back GROW AND THRIVE.” ByBy placing placing the the objective objective to tonurture nurture a client-centric a client-centric cul- cul- backdecades. decades. 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WithumSmith+Brown’s greatest success is derived from 1411 Broadway, 9th Floor | New York, NY 10018 Serving many of the best companies locally and seeing our people work alongside every client as a true P. 212.751.9100 worldwide, WithumSmith+Brown off ers specialized partner in helping their businesses grow and thrive. It W: withum.com support to 12 major industry sectors, providing tax, audit begins with the culture we are nurturing from within, and advisory services to both private and publicly facilitating the ability to do what is best and what is held companies, start-ups to multi-national corpora- right for our clients. Experience the Withum Way for tions, in order to achieve greater assurance, yourself. Visit Withum.com for further insights into increased profi tability and long-term growth. our unique culture and how we can help you and your WithumSmith+Brown, PC Industry specialties include: Real Estate, Manufacturing business to Be in a Position of StrengthSM. Bill Hagaman, CPA, CGMA Managing Partner, CEO At WithumSmith+Brown, we believe professionals who love their work and love where they work, do better work. We call it the “Withum Way” — our unique culture that puts clients first, celebrating success with them and each other when the job is done. From small startups to mid-market private businesses to global public companies, Withum’s professionals provide industry expertise, innovative solutions and an unwavering commitment to their client’s growth and success. Visit Withum.com for more Insights into our Culture and Expertise. Experience the Withum Way at Withum.com. S5 Crain’s Corporate Profiles in Accounting A SPECIAL ADVERTISING SECTION (Continued from S4) City,” says Mr. Sherman. From its origins as a firm In most cases, says Mr. Goodman, the mergers do “I agree firms are catering to garment district businesses in midtown, not involve a cash outlay. Instead, Janover subsumes Cohen Greve saw its New York City-based clientele smaller firms, and the partners of the merged diminish when it had only a Long Island location. firms become partners and owners at Janover. “The looking to expand,” “We felt that not being there physically put a little bit advantages they’re getting are the infrastructure of a damper on the business,” says Mr. Sherman. we provide, access to clients they never had access says Bart Raffaele, to, and the ability to bring more balance to their As the economy continues to recover, more and lives, as well as an exit strategy for retirements,” more New York-area accounting firms are cautiously he says. To accommodate the larger headcount, a partner at Gruber exploring ways to increase the size and reach of Janover recently moved its Manhattan office from their businesses. Nearly 50% of New York-area CPA a 5,000-square-foot space to a 15,000-square-foot Palumberi Raffaele, practices with three or more partners are looking facility. to gradually expand, according to Robert Fligel, president of RF Resources LLC, a CPA placement While an improving economy is as good a reason PC, in Manhattan. “I firm. While their goals are generally similar, different to expand as any, it may not be the most important firms have varying ways of achieving that expansion. one. “I agree firms are looking to expand,” says Bart just don’t think it has Raffaele, a partner at Gruber Palumberi Raffaele, PC, Mark Goodman, managing partner at Janover, LLC, in Manhattan. “I just don’t think it has so much to a 20-partner firm with $30 million in revenues and do with the economy. It has to do with the climate of so much to do with the offices in Garden City, NY, and Manhattan, says his the profession.” As the biggest CPA firms grow, the firm first crafted an expansion plan in 1998, when smaller firms must expand to compete. “These days, the firm had about $2 million in revenues. The clients are looking for a one-stop shop,” Mr. Raffaele economy. It has to do method of choice was growth through mergers with says. Typically, in a firm’s early years, much of the smaller firms; Janover completed about a dozen over growth is organic, he says – his firm grew organically with the climate of the the next 10 years. As of this year, Mr. Goodman says, from $600,000 to $2.4 million in revenues in its first the firm is accelerating its merger activities once six years. However, Mr. Raffaele acknowledges that again, bringing both a $3 million Manhattan-based the accounting profession is more competitive than profession.” firm and a $4 million Long Island firm into the fold it used to be: “Now to get to the next level, you need by year’s end. an acquisition.” { GRASSI & CO. ACCOUNTANTS AND SUCCESS CONSULTANTS INDUSTRY PRACTICES & firm is on the cutting SERVICE OFFERINGS edge of trends, best practices and needs in Grassi & Co. is a premier professional service these industries, the organization specializing in accounting, auditing, tax, firm polls top industry technology and business consulting services. Grassi & executives on issues Co. provides professional services to companies within such as financial and the Financial Services, Manufacturing & Distribution, operational management, Architecture & Engineering, Construction, Life Sciences, compliance, technology, Retail, Technology, Media & Telecommunication, human resources and Transportation, Not-for-Profit and Healthcare general organizational industries, among others. structure. Each year, Grassi & Co. issues ABOUT THE FIRM reports on the results of these surveys, Grassi & Co. has offices in Manhattan, Long Island and which provide critical Rockland County as well as internationally through comparative information Moore Stephens International, one of the largest and benchmarks for Pictured above: The professionals at Grassi & Co. at an out of office team building event associations of independent accounting firms in the companies operating in world. Grassi & Co. has been ranked among the Top the NY Metro area. 100 largest firms in the U.S. by both INSIDE Public CONTACT Accounting and Accounting Today, the Top 20 largest THE GRASSI & CO. TEAM 488 Madison Ave firms in the New York Metropolitan area by Crain’s New New York, NY 10022 York Business and the Top 10 largest firms on Long At Grassi & Co, the professionals you work with are more Island by Long Island Business News. than accountants. They are success consultants, ready Tel: 212-661-6166 to meet all aspects of your business challenges head on. www.grassicpas.com INDUSTRY INSIGHTS With a service approach based on continuous and open communication, Grassi & Co. establishes an exchange Grassi & Co. is constantly keeping its finger on the of information that is fundamental to helping its clients pulse of the industries it serves. To make sure the bring their businesses to the next level of success. S6 Crain’s Corporate Profiles in Accounting A SPECIAL ADVERTISING SECTION THE RISE OF THE SPECIALISTS: HOW ACCOUNTING FIRMS INCREASE PUBLICITY IN A HYPERCOMPETITIVE ECONOMY BY ALEC FOEGE ost businesses could not operate without accountants to manage their financial reporting, Mbut it is not always clear why they choose one CPA firm over another. “When you go out and compete today on a test-function client, more often than not that client is looking for a price,” says Norman H. Schulman, managing partner at Schulman Lobel Wolfson Zand Abruzzo Katzen & Blackman LLP, a 52-employee CPA firm with offices in Manhattan and North Brunswick, N.J. “I don’t want to say they don’t care, but it’s not that important to them whether it’s on your stationery or somebody else’s stationery. Whatever firm is 20 to 25% cheaper may get the job.” So what can an accounting firm do to differentiate itself from the competition and still maintain pricing? Mr. Schulman says the key is to specialize in certain niches or industries. For his firm, those specialties include some that happen to be vital in New York: the entertainment sector, for which Schulman Lobel offers specialized business management services; and law firms, for which the firm’s (Continued on S8) EVER WONDER WHERE THE PEOPLE WITH ALL THE ANSWERS, GET ALL THE ANSWERS? The truth is, you don’t need to have all the answers when you know someone who does. At Marcum, our team members put to work their decades of experience to answer your toughest questions quickly and effectively. Need some answers? Ask Marcum. marcumllp.com/crains Crain’s Corporate Profi les in Accounting A SPECIAL ADVERTISING SECTION (Continued from S7) Similarly, Raich Ende has mined its international forensic accounting expertise offers value that can be and trust planning with those individuals, which tax practice for new growth, refl ecting the rapid relevant to litigation. sometimes leads to other kinds of opportunities.” globalization of economies, particularly in the New York area. Mr. Kilbane says the fi rm has been able to CPA fi rms have traditionally presented themselves as expand this part of its business through its connection generalists — able, effi cient practitioners who know with PrimeGlobal, a large not-for-profi t association their way around any company’s books, no matter what “While most New York- of independent accounting fi rms that coordinates the need or sector. But in the ultracompetitive New communications between fi rms in North America, York business environment, small-and medium-size area CPAs still make Europe, Latin America and Asia. “We’ve started to fi rms typically compete against much larger ones for show some of the fruits of the seeds that have been clients. Increasingly, they need a draw more powerful planted over the past couple years, in terms of building than better customer service to gain an edge. the case that they are relationships with fi rms around the world,” he says. “When we look into expanding, we take the opportunity to look at the areas where we are full-service fi rms that Other fi rms keep specialties in mind when making new concentrated in and also the areas where we seem to hires. “We’re looking for people who bring niches we be most profi table in,” says Cornelius V. Kilbane Jr., can assist customers want to get into or that expand niches we’re already in,” partner-in-charge of the New York offi ces of Raich says Mark Goodman, a managing partner at Janove, LLr. Ende Malter & Co. LLP, a 30-partner CPA fi rm with “We’re looking for people in real estate, for example, fi ve locations. in any industry, because we have a strong real estate niche, but we also look into niches we’re not in that we feel will provide Tax accounting is one of those areas, says Mr. Kilbane. partners increasingly growth.” Even though REM-Coe is now a Top 100 fi rm, “the competition for test work remains fi erce,” he says, While most New York-area CPAs still make the particularly when it comes to pricing. see the importance on case that they are full-service firms that can assist customers in any industry, partners increasingly see As a way to further differentiate, the fi rm has recently the importance on drilling down in a few areas of been developing subspecialties in certain types of drilling down in a few expertise. When the competition gets tough, says tax work. “We do very well with high-net-worth Mr. Schulman, “it’s good to have areas where one individuals,” Mr. Kilbane says. “We do a lot of estate areas of expertise.” can differentiate, and say, ‘We do a better job, and here’s why.’” { VISION. SOLUTIONS. GROWTH. Firm Overview Industry Expertise RSSM CPA LLP (“RSSM”) is one of the premier middle Our clients are widely diversifi ed and include; real New Name... market accounting fi rms in the New York Metro Area estate, manufacturing, construction, wholesalers, wine & headquartered in New York City with an offi ce in beverage, importers & distributors, apparel, publishing New Look... Garden City, NY. In addition to the traditional services & printing, insurance, broker dealers, private equity of accounting, auditing, tax planning & preparation, funds, investment banks, secured lenders, technology, & RSSM off ers consulting services including; transaction soft ware companies, healthcare, hedge funds/investment New Year... and fi nancial due diligence, litigation support, partnerships, not-for-profi t organizations, retail, service forensic accounting, business valuations, mergers & & trade contractors, as well as professionals, including acquisitions, due diligence, state, local & international high net worth individuals through our tax practice and taxation, retirement planning, estate planning, fi duciary family offi ce practice. services, employee & executive benefi ts, and full service outsourcing. Our fi rm has historically been heavily Th e RSSM Team involved in assisting our clients in obtaining bank fi nancing, as well as raising capital. Th rough our unique We have created a highly motivated team of trained Th e Future is Bright experience in this ever changing global environment and professionals and partners who responds to our contacts in this area as well as our in-depth knowledge of clients requirements. Our approach is unique and Th e Future is the fi nancial marketplace, we work with our clients and our partners are totally involved with each and every their fi nancial staff in preparing cash fl ow projections client transaction from start to finish. RSSM is also RSSM CPA LLP and assist in their fi nancial requirement presentations utilized as a “reference-room” providing guidance to to various fi nancial institutions. Additionally, we off er various companies and institutions on subjects such services on both a national and international level as how to monitor specialized assets, specific industry CONTACT through our membership in PrimeGlobal, a worldwide analyses, and accounting and tax issues both domestic association of independent accounting fi rms. and foreign. 757 Th ird Avenue New York, NY 10017 Ph: (212) 303-1800 E: [email protected] W: www.rssmcpa.com S8 20141222-NEWS--0057-NAT-CCI-CN_-- 12/18/2014 12:30 PM Page 1 This chart was first published July 7, 2014 PROFESSIONS J New York Area’s Largest Architecture Firms Ranked by number of area architects james ewingjames photography james ewingjames photography courtesy of cooper robertson & partners robertson cooper courtesy of slce architects pei cobb freed & partners freed pei cobb Left to right: 7 BRYANT PARK, Pei Cobb Freed & Partners (No. 19); ONE57, SLCE Architects (No. 14); UNIVERSITY CENTER AT THE NEW SCHOOL, Skidmore Owings & Merrill (No. 5); NATIONAL SEPTEMBER 11 MEMORIAL MUSEUM, Davis Brody Bond (No. 23); WHITNEY MUSEUM OF AMERICAN ART, Cooper Robertson & Partners (No. 21). ) )" ' " ' " $# #) ) )") )" " ' #$"%$ % ") )" $ $ )#!%" "$$# "$$# & % " $# #"&) ( $ " '#$ ) # ) ) ) # ) # $) )") " $# $# 4.3 ,+,67,34<774*/(8,7 ( ', > 4 %/1B51 B389D53DEB5 > 4 E4C?>/1B4C )5<1D54?C . >4*D $1>179>7@B9>39@1< , * '<1>>9>7 -1>45B29 book of lists 2015 | Crain’s New York Business | 57 20141222-NEWS--0058-NAT-CCI-CN_-- 12/18/2014 12:31 PM Page 1 PROFESSIONS ) )" ' " ' " $# ) ) )") )" " ' #$"%$ % ") )" $ $ )#!%" "$$# "$$# & % " $# #"&) ( $ %5G/?B;%/ >D5B>1D9?>1< )5CD?B1D9?> " '#$GGG C2:7B?E@ 3?= ) # ) ) ) # ) # $) )") " $# $# "#$6*./8,*873* #! " %) # %/1B51 B389D53DEB5 > 4 B?>H'CI3891DB935>D5B1>4 '1B;F5 *?ED8 H53ED9F53819B=1> , * >79>55B9>7 31=@ECB545F5D*@B9>7 %5G/?B;%/ >D5B>1D9?>1< >D5B9?BC B55; 4E31D9?>1<31=@EC GGG CDF9>3 3?= '<1>>9>7 )5CD?B1D9?> %38,63(8/43(1 (&" #+ # " % " %/1B51 B389D53DEB5 !'$?B71>81C5? ??7<5 96D8F5 $1>179>7@1BD>5BC , * >79>55B9>7 %5G/?B;%/ >D5B>1D9?>1< >D5B9?BC GGG 8 ,; '460 (6,( 9>3 FOR ALL CRAIN’S LISTS, GO TO WWW.CRAINSNEWYORK.COM/LISTS reminder: Support Big Brothers Big Sisters of NYC this year 40 Rector St., 11th Floor, New York, NY 10006 Annually we serve over 4000 children Tel: 212-686-2042 in New York City @bbbsnyc www.bigsnyc.org 58 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0059-NAT-CCI-CN_-- 12/18/2014 12:32 PM Page 1 This chart was first published July 7, 2014 PROFESSIONS Largest Engineering Firms Ranked by number of New York area engineers # ' ' % % ' ! ! $ # "!' ' '&#"$! ! $' & %!" ' ! ' ' ! # "' ' ' "! "! "12/.21*.$+&1)/'' " * - >79>55B9>7 $94D?G>2EC=1CD5B@<1> '?BDED8?B9DI?6 '5>>'<1J1 *5>9?BF935@B5C945>D%5G/?B;1B51=1>175B ?>CDBE3D9?>=7D %5G/?B;%5G!5BC5I'E<1C;9*;IG1I %5G/?B;%/ %' '(%$ 139<9DI1CC5CC=5>D B58129<9D1D9?> %5G!5BC5I5@1BD=5>D?6 *""( '+ 'B5C945>D389565H53ED9F5 +B1>C@?BD1D9?> GGG @2G?B<4 3?= "12/.2 $ $ "!%( >79>55B9>7 '+ CICD5=C1DD851<1DB1F1.?B<4 B?14G1I *5>9?B3?B@?B1D5?66935B ?>CDBE3D9?>=7D +B1455>D5BC9D545C97>6?B' ?5D81 &6 !/1+ "1&" 9>3 book of lists 2015 | Crain’s New York Business | 59 20141222-NEWS--0060-NAT-CCI-CN_-- 12/18/2014 12:32 PM Page 1 This chart was first published Sept. 29, 2014 PROFESSIONS NY Area’s Largest Law Firms Ranked by number of area lawyers THE SCOOP TRENDS Pay climbs slowly Average NYC lawyer salaries, by years of experience Legal jobs: still a downer % he New York area’s top law firms are increasing their hiring for the first time since 2013 2014 change 2008. Attorney head count at the 25 largest firms ticked up 3.1% since 2013, Total employment in NYC legal services, in thousands according to Crain’s research. But they’re also doing a whole lot more work. Part- 10+ years $298,920 $309,319 +3.5% 90 ners are learning to make do with less as price-savvy clients and increased compe- 4-9 years $247,103 $256,620 +3.9% tition become a permanent fixture in the legal-services industry. Overall, legal 78.1 Tservices in the city lost about 1% of jobs in the past year, totaling 78,100 in July, according to 1-3 years $185,239 $189,293 +2.2% data from the state Department of Labor. 80 “We’re up in all categories in terms of time worked, billing and collecting, so we’re busier First-year on an overall basis,” said Michael Schmidtberger, managing partner at Sidley Austin’s New York associate $171,491 $174,311 +1.6% office (No. 10 on Crain’s list). The firm reported gross revenue of $1.6 billion in 2013, up 7% Note: Based on firms of 75 or more lawyers. 70 Source: Robert Half Legal from the previous year. 2005 2014 Mr. Schmidtberger credited increased securitization of commercial mortgage-backed se- Number indicates total employment in July of each year. curities for the uptick, as well as a long-term decision to emphasize the firm’s regulatory capa- Source: NYS Department of Labor bilities.“The new normal in terms of the regulatory state has played well into our strategy that Biggest gainers started before,” he said. New York bar passage rate in 2013 % change in number of area lawyers since 2013 New federal financial regulations also helped boost business at Ropes & Gray (No.22).“Every Ropes & Gray week, there are huge new regulatory developments our clients have to adjust to,” said Laurel First-time FitzPatrick, co-managing partner and co-leader of the firm’s hedge-funds practice. Ms. Fitz- 15.2% Patrick estimates that regulatory work has gone from 15% to 50% of her practice in recent Pass Fail Milbank Tweed Hadley & McCloy years. 76% 24% The portion of associates at the top 25 law firms increased to 66% overall, up from 64% last 11.3% year and a reversal of the downward trend since 2010. But the economic downturn taught Willkie Farr & Gallagher clients to question high-cost work done by inexperienced first-year associates. Firms now rely Overall on cheaper contract and part-time lawyers for much of the back-office work traditionally done 10.6% by first-years. Paul Weiss Rifkind Wharton & Garrison Law firms around the country are echoing these changes,according to the “2014 Law Firms Pass Fail 9.9% in Transition” report from Altman Weil, a national legal consultancy headquartered in 64% 36% Philadelphia. In a survey of 300 firms with more than 50 attorneys, the report found that the Sidley Austin changes wrought by the recession are expected to become permanent fixtures in the legal in- 9.1% dustry.Partners at nearly 60% of law firms report using contract lawyers, and 72% believe that their increased use will continue. —nicholas wells Source: The Bar Examiner Source: Crain’s research 2014 lawyer breakdown, by practice area2 2014 lawyer breakdown2 NY area Firmwide 2 5 lawyers 4 lawyers NY area 20142/ 20142/ personnel6/ Rank Firm/senior partner(s) in New York1 20133 Partners Associates Of counsel Banking/commerceBankruptcyCorporate/securitiesEntertainmentExec. comp./benefitsHealth careIntell. prop./newLabor/employment mediaLitigation Real estateTax Trusts/estatesOther 20133 paralegals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| Crain’s New York Business | book of lists 2015 20141222-NEWS--0061-NAT-CCI-CN_-- 12/18/2014 12:34 PM Page 1 PROFESSIONS 2014 lawyer breakdown, by practice area2 2014 lawyer breakdown2 NY area Firmwide 2 5 lawyers 4 lawyers NY area 20142/ 20142/ personnel6/ Rank Firm/senior partner(s) in New York1 20133 Partners Associates Of counsel Banking/commerceBankruptcyCorporate/securitiesEntertainmentExec. comp./benefitsHealth careIntell. prop./newLabor/employment mediaLitigation Real estateTax Trusts/estatesOther 20133 paralegals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✔ 3*/)'9+8 ,/72 .'8 1'<>+78 /3 9./8 57')9/)+ '7+' (:9 9.+ (7+'0*4<3 /8 :3';'/1'(1+ 3* 49 */8)148+* '> /3*/)'9+ 2'3'-/3- 5'793+7 47 49.+7 9/91+ 8 4, "+59 /3)1:*+8 ,/789>+'7 '884)/'9+8 89'79/3- 9./8 ,'11 '3* 349 /3)1:*+ *+,+77+* '884)/'9+8 89'79/3- /3 8 4, "+59 8 4, "+59 /3)1:*+8)4:38+1'3*85+)/'1)4:38+1 84,"+59 /3)1:*+8'99473+>8'3*/3)42/3-,/789>+'7'884)/'9+8 3)1:*+8)4:38+1 ' $( +89/2'9+ !+8+'7).":?'33+ '3'7''3* /).41'8%+118 book of lists 2015 | Crain’s New York Business | 61 20141222-NEWS--0062-NAT-CCI-CN_-- 12/18/2014 12:35 PM Page 1 This chart was first published March 17, 2014 PROFESSIONS NY Area’s Largest M.B.A. Programs Ranked by total enrollment THE SCOOP TRENDS CHINA RISES Total international students from selected countries FLOCKING TO NY Ⅲ China Ⅲ India Ⅲ South Korea Ⅲ Saudi Arabia Ⅲ Canada hinese students are increasingly discovering local M.B.A. pro- grams,which have put out the welcome mat. Portion of all GMAT scores sent 240,000 Thirteen of the 25 M.B.A. programs on Crain’s list reported a to New York schools, by country rise in their enrollment of international students in 2013, owing Ⅲ U.S. Ⅲ China Ⅲ India Ⅲ Taiwan Ⅲ Other 180,000 largely to increased interest from China. The schools reported an average international enrollment of 27% for the 2013 entering class, up from 120,000 C 16% 25% a year before. Although many American students went back to school during the reces- 60,000 sion, those applications have slowed, said Patrick Socci, dean of Hofstra Universi- 47% 14% ty’s Frank G. Zarb School of Business 0 (No. 5 on Crain’s list). 2009-10 2010-11 2011-12 2012-13 “The growth in domestic applications is just not there,” said Mr. Socci. “As Source: Institute of International Education a result of that, universities have had to look elsewhere for students, and, fortu- 20% nately, the Chinese market is overloaded.” 3% The Zarb School of Business reported a 20% increase in international en- WHERE THEY HOPE TO END UP rollment, to 59% of its student body from 49%, from the previous school year. 2009 TESTING YEAR The university has tried to make students feel at home, offering events such Intended industries for NYC’s GMAT takers in testing year 2013 as the Chinese Student Scholar Association’s recent Lantern Festival. Finance and accounting 35% “We offer a wide range of social extracurricular [activities] so that they feel com- fortable in their culture and to build bridges to American culture,” Mr. Socci said. Products and services 26% 30% The New York area attracts the most international students of any U.S.metro 40% Consulting 25% area, according to Rajika Bhandari, director of the Institute for International Government and nonprofit 14% Education’s Center for Academic Mobility Research. Many global students ap- preciate the high quality and diversity at American universities, she noted. 11% Technology 11% This year, conditions in Asia have contributed to the influx, she said. 17% Health care 8% “Despite the global economic downturn, Asian economies have fared a little Energy and utility 5% better than the U.S.,” explained Ms. Bhandari. 2% Business and management are the most popular fields for Chinese students 2013 TESTING YEAR Manufacturing 3% coming to the U.S., she said. —nicholas wells Source: Graduate Management Admission Council Source: Graduate Management Admission Council % % %! ! # % ! ! % $% %" ! % % ! % $ )9#24.!1-8)45-6:5 )21%4( 6)41 ',22/2*75-1)55 "-81 + ;A>@4(@ CCC ?@1>: :EA 10A 19-81 #1C,;>7#, * ( %(. "5:;>5@E :@1>:-@5;:-8 2/70&-%75-1)55 ',22/ "-81 >;-0C-E CCC 3?. /;8A9.5- 10A 19-81 #1C,;>7#, # %% +( "5:;>5@E :@1>:-@5;:-8 %-4/)-+,-'.-1521!1-8)45-6:5 -/&)40%12//)+)2*75-1)55 : - : - "-81 '5B1>';-0 9.- 20A 10A 19-81 )1-:1/7# $ ) #$ ! 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A88@591 3>-0A-@1? ;:8E 88 3A->-:@110 /;9<1:?-@5;: 5:/8A05:3 .;:A? A88@591 3>-0A-@1? ;:8E A88@591 ;:8E :/8A01? " <>;3>-9 %>;3>-9 @A5@5;: >-@1? B->E ::A-8 @A5@5;: 2;> #1C ,;>7 ?@-@1 >1?501:@? ;> /8-?? ;2 -?10 ;: />105@? :/8A01? <->@@591 3>-0A-@1? ;?@ <1> />105@ 5>1/@;> ;2 3>-0A-@1 <>;3>-9? 5>1/@;> ;2 @>-05@5;:-8 " <>;3>-9 '1?1->/4(AF-::1%-:->--:0#5/4;8-?+188? FOR ALL CRAIN’S LISTS, GO TO WWW.CRAINSNEWYORK.COM/LISTS $ $ 5 can help feed 5 can get you a latte. OR 25 hungry children. DONATE NOW Food Bank For New York City feeds nearly 400,000 children in soup kitchens and emergency pantries. book of lists 2015 | Crain’s New York Business | 63 20141222-NEWS--0064-NAT-CCI-CN_-- 12/18/2014 12:50 PM Page 1 This chart was first published Dec. 15, 2014 REAL ESTATE NYC’s Largest BIDs Ranked by assessment budget THE SCOOP TRENDS DIRTY LOOK? Even though the number of BID blocks receiving cleaning has risen, RETAIL’S FAVORITE cleanliness averages have dropped. or a glimpse at how business improvement districts are transforming the city,look no further than the Flatiron/23rd BIDs with the most retail businesses Blocks Cleanliness 1,500 100% Street Partnership.The BID, which was formed in 2006, has 47th Street-The Diamond District 1,480 helped turn more than 30,000 square feet of Broadway into 1,300 99.1% 1,200 1,468 1,468 public plazas and reduced litter by 98%, according to a BID Chinatown District Management Association Inc. report.The partnership ranks 10th on Crain’s list of BIDs. 1,191* 1,262 1,262 F 900 The growth of tech in midtown south has helped make Flatiron a Alliance for Downtown New York Inc. hot spot, fueling the growth of the BID. Several residential projects 1,049 are scheduled for completion in the next year. Meanwhile, retail is 600 96.5% Grand Central Partnership booming.The average asking rent for retail space was $255 per square 834 foot in October,up 33% from September 2013,according to the BID. 300 Jennifer East Midtown Partnership “This neighborhood has really come into its own,” said 800 0 90% Brown, the partnership’s executive director.“Silicon Alley continues to FY10 FY11 FY12 FY13 FY14 be a real hub for tech companies.” As part of a phased increase, the *Includes ground-floor retail only. Source: Mayor’s Management Report 2014 BID’s budget jumped to $2.2 million for fiscal 2015. Other BIDs are also on the move. The Bed-Stuy Gateway (No.22) hired BLOCK PARTY Michael Lambert a new executive director, ,in 2013 and is evolving to keep The largest BIDs, by total number of city blocks up with the rapidly changing neighborhood.The BID saw the number of its retail tenants rise 24% in the past year, to 400 as of September. “You need a mix of the chain-store-like demographics and the mom- and-pop shops,” said Mr. Lambert. “It’s really about figuring out the needs of individual business,depending on where they sit in the district.” One of the main challenges, Mr. Lambert said, is keeping local firms up on what’s new in the BID.To that end,the organization has taken to social media, doubling its Facebook presence and adding more than 100 Twitter followers in the past year. buck ennis; nyu.edu.com Meanwhile,the Times Square Alliance (No.3) is pushing for legislation that would regulate the costumed characters who pose for pictures with tourists. A series of high-profile incidents of harassment has soured the Chinatown145 District Alliance113 for Downtown MetroTech95 Grand70 Central Court-Livingston-68 unusual,only-in-New-York tradition.“Quirky is fine,”said Tim Tompkins, Management New York Inc. Partnership Schermerhorn president of the alliance. “Creepy is not.” —nicholas wells Association Inc. * "$ #### $ * *$) %# ### %$ #* $* '#$ !*(%$& *$ %# # #$"$ #$"$ "*#$ "&#*!" & "! * % "# ..,%0&()141906190 (9$14-0& '' %% # !>+52,<*/.=B<*72=*=287/;..+>< 1*6+.;<$=;..==8=1.*==.;B[email protected]=1.*<= ;8*-@*B -8@7=8@77B,86 !;.<2-.7= <.;?2,..7?2;876.7=*5 #2?.;*7-(.<=$=;..= .@)8;4 ) 269;8?.6.7=<*7-+.*>=2/2,*=287 .,87862,-.?.5896.7=6*;4.=270 *7-9;868=287<8,2*5<.;?2,.< 4%0'(064%. %460(45+,2 ! & &)!!$ $*72=*=2879>+52,<*/.=B<=;..=<,*9. ;;.0>5*;+8;-.;</;86 =1$=;..==8 =1$=;..= 7-$= 0;*7-,.7=;*59*;=7.;<1298;0 !;.<2-.7=,12./ 269;8?.6.7=*7-+.*>=2/2,*=287 [email protected]$.,87-*7-2/=1*?.7>.< .@)8;4 ) .A.,>=2?. ?2<2=8;*<<2<=*7,.+><27.<< *<<2<=*7,.-.680;*912,<=*=2<=2,< ,855.,=287 !,/(5 37%4(..,%0&( " $"% #' !>+52,<*/.=B*7-<*72=*=287 =1$=;..==8 ;-$=;..=[email protected]$2A=1*7- ;8*-@*B =26.<<:>*;.7B,8;0 !;.<2-.7= 7.201+8;188-*7-+><27.<< 201=1*?.7>.<27,5>-270#.<=*>;*7=#8@87 .@)8;4 ) 6*;4.=270*7-9;868=287 =1$=;..==8 27=1?.7>. .,87862,-.?.5896.7=95*77270 *7-2695.6.7=*=287?2<2=8; 27/8;6*=287 6+ 64((6 %460(45+,2 # ! &"# $.,>;2=B*7-<*72=*=287=8>;2<6 =1$=;..==8 <=$=;..=[email protected]!*;4*7-=1 $2A=1?. =1<=;..=8;0 !;.<2-.7= *7-?2<2=8;<.;?2,.<<=;..=<,*9. *?.7>.< .@)8;4 ) 269;8?.6.7=<89.;*=2878/=@8 9>+52,9*;4< %4/(06,564,&6..,%0&( && ! & #!! !>+52,<*/.=B<=;..=,5.*7270 <=$=;..==8 =1$=;..=[email protected]2/=1*7- ( =1$= 0*;6.7=-2<=;2,=7B,,86 !;.<2-.7= ,*92=*5269;8?.6.7=<.,87862, 27=1*?.7>.< .@)8;4 ) -.?.5896.7= ,)6+8(07( $" )' $>995.6.7=*5<.,>;2=B*7- 8=1<2-.<8/2/=1?.7>.[email protected] <=*7- =1 7-$= /2/=1*?.7>.+2-,86 !;.<2-.7= <*72=*=287=8>;2<=*<<2<=*7,.1852-*B <=;..=<*7-+8=1<2-.<8/ =1$=;..=[email protected] .@)8;4 ) -.,8;*=287<-2<=;2,=*-?8,*,B *-2<87*7-$2A=1*?.7>.< (641!(&+ ) & $*72=*=2879>+52,<*/.=B+><27.<< -*6<$=;..==8=1.@.<=%255*;B$=;..==8=1. .=;8%.,1.7=.; 8;=1 -8@7=8@7+;8845B7,86 !;.<2-.7= <>998;=6*;4.=270.,87862, 78;=15*=+><1?.7>.A=.7<287=8=1..*<= ;8845B7 ) -.?.5896.7=,*92=*5269;8?.6.7=< >5=87 *55=8=1.<8>=1 9>+52,<9*,.6*7*0.6.7= 5*7-<,*9270 %56 ,'6190 %460(45+,2 $ +&#' .*>=2/2,*=2876*;4.=270 ;-$=;..==8 =1$=;..=[email protected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email protected]$2A=1?.7>. 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Crain’s Business Lists make it easy Visit Crain’s Select & Make New Download Data Center Your List Connections All Crain’s lists are researched and verified by our editorial team so you can be assured that you’re getting the most accurate data possible. All lists are available for download in an easy-to-use Excel compatible format. View all our lists at: www.crainsnewyork.com/datacenter book of lists 2015 | Crain’s New York Business | 65 20141222-NEWS--0066-NAT-CCI-CN_-- 12/18/2014 12:37 PM Page 1 This chart was first published Nov. 3, 2014 REAL ESTATE Commercial Property Managers Ranked by square feet managed in New York City " (#!($ $" "$'(#!($ ( ( ( ( ( $ ' &#$ #( ( ( ( # ( # '# !%"$"# $($ $# 31620& )) $*'$ !=A<53:3A ( =<3A#3E.=@9"/@A6"1!3<7B/:@327B(C7AA3*("3B!743 (7FB6D3 1CA6E/931=; %@3A723=@/B3 =11C>73@/<27 "/27A=<D3 8::1=; <3EG=@9 %@3A723+7/1=; /A32=< ' $( @3A3/@16 ' $( 3AB7;/B3 =;>/ FOR ALL CRAIN’S LISTS, GO TO WWW.CRAINSNEWYORK.COM/LISTS 66 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0067-NAT-CCI-CN_-- 12/18/2014 12:37 PM Page 1 This chart was first published July 7, 2014 REAL ESTATE New York Area’s Largest Construction Firms Ranked by 2013 area revenue )" ! (' "& % "& % ) # ) # ) ) ) ( )" ! ( '#$ #) )') " ) &#) &#) !" $# ! (# ()!" $# $# !741*4215647(6-212 * ! !#!''& %4F/>A:,=8E4AB8CH%4F/>A: 'A4B1HC4A80= >B?8C0; 8=4B D3B>=*C FFF CDA=4A2>=BCAD2C8>= 2>< G42DC8E4E824?A4B834=C A>>:584;3&55824'A>?4AC84B %4F/>A:%/ (# ) +(' . +(% (&(' *4=8>AE824?A4B834=C !-5,0&1215647(6-21&1 %! # !) $% .>A;3+A0344=C4A.>A;3+A0344=C4A )8E4AB834'0A:'D1;82 (203&19 FFF C8B7<0=2>=BCAD2C8>= 2>< 708A<0= *054CH=BF4A8=64=C4A8=C4AB42C8>=>5 DC278=B>=)8E4A'0A:F0H0=3 '0A:E4 . $ A>=G0=3'4;70<'0A:F0HA>=G %4F/>A:%/ 'A4B834=C %&#& .&(' .&15.&" !" ##. = 3 0H>==4A8364.>A;3+A0344=C4A+A0=B?>AC0C8>= D1'+ 0;; BC>A80;E3 FFF DB0 B:0=B:0 2>< 'A4B834=C0=327845 0=3&2D;DB%4F0A: =4A6H4=C4A,%/3E0=243*284=24)4B40A27 (D44=B%/ 4G42DC8E4 4=C4A "%)" 647(674*!21* 4+&1-:&6-21 $ ) &% . *08=C'0CA82:B0C743A0;A4BC>A0C8>=$0AA8>CC 38C8>= >C4;$038B>= A>03F0H FFF BCAD2CDA4C>=4 2>< G42DC8E42708A<0= E4 &>< 26,&0215647(6-212 & # ! " * *8GC7E4 C7E4 B7;0=3E4 A>>:;H= *8GC7E4 FFF 6>C70<2>=BCAD2C8>= 2>< 708A<0=278454G42DC8E4 %4F/>A:%/ &* $( %!/*!&% % ,&8076*5-+1&1) ) !) & 0A<0==4FA4C08;BC>A458C >DC$038B>=E4 &B20A34;0)4=C0 215647(6-21 FFF B70F *8 %24. &4*& 8=2;D34B %4F />A: 8CH 0=3 %0BB0D *D55>;: 0=3 .4BC274BC4A 2>D=C84B 8= %4F />A: 0=3 4A64= BB4G D3B>= 0=3 ,=8>= 2>D=C84B 8= %4F !4AB4H (!%) - &(" +)!% )) DB4B BC055 A4B40A27 4GC4=B8E4 BDAE4HB 0=3 C74 <>BC 2DAA4=C A454A4=24B 0E08;01;4 C> ?A>3D24 8CB ;8BCB 1DC C74A4 8B => 6D0A0=C44 C70C C74B4 ;8BC8=6B 0A4 2> @D0;85H 5>A C78B ;8BC 0 2>=BCAD2C8>= 2>A: 0A40 >55824 0=3 book of lists 2015 | Crain’s New York Business | 67 20141222-NEWS--0068-NAT-CCI-CN_-- 12/18/2014 12:38 PM Page 1 This chart was first published April 21, 2014 REAL ESTATE CoStar’s Top NYC Landlords Ranked by rentable building area Rentable Market building area TOP FOUR Company name/address share (in square feet) Telephone/website Head of New York office Key holdings LANDLORDS SL Green Realty Corp. 4.3% 28,572,682 (212) 594-2700 Marc Holliday 388 Greenwich St., 1515 Broadway, 1 420 Lexington Ave. www.slgreen.com Chief executive 420 Lexington Ave. Vornado Realty Trust 3.8% 25,090,750 (212) 894-7000 David R. Greenbaum 1290 Sixth Ave., 1 Penn 2 888 Seventh Ave. www.vno.com President Plaza, 666 Fifth Ave. Brookfield Office Properties Inc. 3.0% 19,785,277 (212) 417-7000 Dennis H. Friedrich Brookfield Place, Grace Building, 3 250 Vesey St. www.brookfieldofficeproperties.com Chief executive 245 Park Ave. Tishman Speyer 2.5% 16,523,260 (212) 715-0300 Robert J. Speyer Rockefeller Center, Chrysler Center, 4 45 Rockefeller Plaza www.tishmanspeyer.com President, co-chief executive MetLife Building Durst Organization 1.8% 12,120,632 (212) 257-6600 Douglas Durst 1 Bryant Park, 1 World Trade Center, 5 1 Bryant Park www.durst.org Chairman 4 Times Square LIST RANK 1 LANDLORD Silverstein Properties Inc. 1.7% 11,048,753 (212) 732-9700 Larry A. Silverstein 7 World Trade Center, 4 World Trade Center, SL Green Realty Corp. 6 250 Greenwich St. www.silversteinproperties.com President, chief executive 3 World Trade Center PROPERTY Rudin Management Co. Inc. 1.6% 10,320,462 (212) 407-2400 William C. Rudin 345 Park Ave., 3 Times Square, 388 Greenwich St. 7 345 Park Ave. www.rudin.com Vice chairman, chief executive 32 Sixth Ave. Paramount Group Inc. 1.4% 9,200,451 (212) 237-3100 Albert Behler 745 Fifth Ave., 60 Wall St., 8 1633 Broadway www.paramount-group.com President, chief executive 1325 Sixth Ave. Boston Properties Inc. 1.3% 8,564,808 (212) 326-4000 John Powers Senior vice president, 767 Fifth Ave., 250 W. 55th St., 9 599 Lexington Ave. www.bostonproperties.com regional manager 601 Lexington Ave. Empire State Realty Trust 1.2% 7,947,015 (212) 953-0888 Anthony E. Malkin Chairman, Empire State Building, 60 E. 42nd St., 10 60 E. 42nd St. www.empirestaterealtytrust.com president, chief executive 1350 Broadway, 250 W. 57th St. City of New York 1.1% 7,149,800 (212) 386-0622 Joey Kara Koch 1 Centre St., 500 Pearl St., 11 1 Centre St. www1.nyc.gov Chief asset-management officer 327 E. 26th St. LIST RANK 2 RXR Realty 1.1% 7,101,154 (516) 506-6000 Scott Rechler 620 Sixth Ave., 75 Rockefeller Plaza, 12 625 RXR Plaza, Uniondale, NY www.rxrrealty.com Chairman, chief executive 237 Park Ave. LANDLORD Vornado Realty Trust Beacon Capital Partners 1.1% 6,848,945 (646) 810-6400 Alan M. Leventhal 1211 Sixth Ave., 1633 Broadway, PROPERTY 13 150 E. 52nd St. www.beaconcapital.com Chairman, chief executive 32 Old Slip 666 Fifth Ave. Ivanhoé Cambridge Inc. 1.0% 6,500,672 (514) 842-3261 Adam Adamakakis 1411 Broadway, 390 Greenwich St., 14 1001 rue du Square-Victoria, Montreal www.ivanhoecambridge.com Executive vice president 1211 Sixth Ave. Newmark Holdings 1.0% 6,359,511 (212) 372-2000 Eric Gural 40 Worth St., 15 125 Park Ave. www.ngkf.com Executive managing director 440 Lafayette St. Port Authority of New York & New Jersey 0.9% 5,899,570 (212) 435-7000 Patrick Foye 3 World Trade Center, 16 225 Park Ave. www.panynj.gov Executive director 1 World Trade Center Jack Resnick & Sons Inc. 0.9% 5,642,126 (212) 421-1300 Burton P. Resnick 199 Water St., 110 E. 59th St., 17 110 E. 59th St. www.resnicknyc.com Chairman, chief executive 250 Hudson St. Trinity Church Real Estate 0.9% 5,637,527 (212) 602-0867 Jason Pizer 345 Hudson St., 75 Varick St., LIST RANK 3 18 75 Varick St. www.trinitynyc.com President 435 Hudson St. LANDLORD Fisher Brothers 0.9% 5,612,272 (212) 752-5000 Kenneth Fisher 1345 Sixth Ave., 299 Park Ave., Brookfield Office 19 299 Park Ave. www.fisherbrothers.com Partner 55 E. 52nd St. Properties Inc. PROPERTY Rockefeller Group 0.9% 5,530,837 (212) 282-2100 Atsushi Nakajima 1221 Sixth Ave., 1271 Sixth Ave., Grace Building 20 1221 Sixth Ave. www.rockgroupdevelopment.com Chief executive 745 Seventh Ave. George Comfort & Sons Inc. 0.8% 5,307,988 (212) 481-1122 Peter Duncan Worldwide Plaza, 498 Seventh Ave., 21 200 Madison Ave. www.gcomfort.com President, chief executive 200 Madison Ave. JPMorgan Asset Management 0.8% 5,222,792 (212) 270-6000 Douglas Warner 370 Lexington Ave., 1285 Sixth Ave., 22 245 Park Ave. www.jpmorganfunds.com Chief executive 200 Fifth Ave. Cohen Brothers Realty Corp. 0.8% 5,089,988 (212) 838-1800 Charles Cohen 622 Third Ave., 805 Third Ave., 23 750 Lexington Ave. www.cohenbrothersrealty.com Chief executive 3 Park Ave. GSA Office of Portfolio Management 0.8% 5,015,351 (212) 264-1547 Vincent Scalcione Director, 189-205 Varick St., 26 Federal Plaza 24 26 Federal Plaza www.gsa.gov Portfolio Management division LIST RANK 4 L&L Holding Co. 0.7% 4,887,936 (212) 920-3360 David Levinson 200 Fifth Ave., 425 Park Ave. LANDLORD 25 142 W. 57th St. www.ll-holding.com Chairman, chief executive Tishman Speyer List includes existing office buildings, as well as those under construction and under renovation. CoStar Group Inc., a provider of information services to the commercial real estate industry and related businesses, conducts ongoing, extensive research PROPERTY to produce and maintain the largest and most comprehensive database of commercial real estate information. For more information, visit www.costar.com or call (800) 204-5960. MetLife Building 68 | Crain’s New York Business | book of lists 2015 20141222-NEWS--0069-NAT-CCI-CN_-- 12/18/2014 12:38 PM Page 1 This chart was first published Sept. 1, 2014 REAL ESTATE NY’s Largest Real Estate Investment Trusts Ranked by total square footage owned in the New York area TRENDS REIT total return index* 20% $ ")! )! )! !# " !% $ $#( )! &"# " )#) & " )#) & ) " ) " !#) ! !#" ! !#( 15% (#!)"( )'$#% )# $" " )# $" " ) ) ) " & $" %584(+5!,(2:?#8;9: % 6C2?@63621 '2C2;A5C2 DDD C;< 0<: 10% 17.39% #2D,B6AF.=.?A:2;A@ 0<: 3.:69F +19.5% 560.4< ! ( & $'& Hotels "0354 856,8:?85;64* " &246<;.9 +19.3% + +.@56;4A<;'A DDD @6:<; 0<: :.99@ Health care ;16.;.=<96@ # ( "! +19.1% Self-storage 03*5!,(2:?586 '5<==6;4 +19.1% #2D F12%.?8&<.1 DDD 86:0B.?2 DDD 5<:2=?<=2?A62@ 0<: 3.:69F +13.8% &<052@A2?#, )$ && ! Diversified 8525.094* ;1B@A?6.9 +10.1% %62? .F DDD =?<9<46@ 0<: '.; ?.;06@0< " >:8("6(*,":58(.,4* &! '293@A358 856,8:?85;64* !& '5<==6;4 3.0% !2E6;4A<;C2 DDD /?6E:B.963F 3B.?2 3< book of lists 2015 | Crain’s New York Business | 69 20141222-NEWS--0070-NAT-CCI-CN_-- 12/18/2014 2:01 PM Page 1 This chart was first published June 9, 2014 TOURISM New York Area’s Top Airlines Ranked by total passengers at major local airports Total Total Total passengers, % change, flights, flights, % change, Running late % passengers1, by airport April ’13- April ’12- April ’13- April ’12- April ’12- The portion of tardy departures has increased Rank Airline March ’14 March ’13 March ’14 March ’13 March ’13 JFK NEWARK LAGUARDIA STEWART around the area: 1 United Airlines 27,872,282 +1.5% 311,999 316,741 -1.5% 4% 88% 8% - JFK 17% 22% 20% 14% 19% 23% 2 Delta Air Lines 23,974,306 +3.5% 294,910 280,585 +5.1% 49% 6% 44% 0.3% 3 JetBlue Airlines 14,564,188 -0.4% 131,244 128,507 +2.1% 80% 9% 10% 1% LGA 17% 17% 15% 10% 16% 21% 4 American Airlines 13,262,832 -4.9% 143,297 149,452 -4.1% 55% 8% 38% - EWR 25% 24% 20% 22% 25% 26% 5 US Airways 4,983,810 -0.7% 59,543 70,286 -15.3% 18% 27% 53% 2% SWF 13% 16% 17% 11% 11% 18% 6 Southwest Airlines 3,210,845 +3.6% 30,034 30,809 -2.5% - 38% 62% - 2009 2010 2011 2012 2013 2014 7 British Airways 1,632,394 +4.4% 8,377 8,011 +4.6% 80% 20% - - Notes: All figures are from Jan. 1 through March 31 of each year. 8 Air Canada 1,368,791 +2.4% 24,121 24,116 0.0% 6% 30% 64% - JFK: John F. Kennedy International Airport; LGA: LaGuardia Airport; EWR: Newark Liberty International Airport; SWF: Stewart International Airport 9 Virgin America 1,346,777 +31.7% 11,030 8,522 +29.4% 68% 32% - - Source: Bureau of Transportation Statistics 10 Spirit Airlines 1,253,799 +6.9% 7,800 7,781 +0.2% - - 100% - 11 Lufthansa 1,042,740 -0.7% 4,229 4,202 +0.6% 50% 50% - - Costs take off 12 Virgin Atlantic 1,001,546 +10.1% 4,257 3,764 +13.1% 68% 32% - - Average fares for fourth-quarter domestic 13 Air France 934,835 +3.7% 3,350 3,216 +4.2% 100% - - - itineraries 14 Emirates Airlines 694,049 +26.5% 1,852 1,444 +28.3% 100% - - - EWR $489.60 $489.10 $493.09 $498.71 15 Cathay Pacific Airways 657,428 +3.9% 2,840 2,710 +4.8% 98% 2% - - JFK $385.70 $409.19 $411.10 $434.60 16 Caribbean Airlines 584,968 -15.1% 4,496 5,139 -12.5% 100% - - - LGA $347.42 $373.11 $359.43 $389.62 17 El Al Airlines 567,931 +2.9% 1,915 1,888 +1.4% 74% 26% - - U.S. 18 Swiss International Air Lines 534,688 +1.1% 2,898 2,832 +2.3% 73% 27% - - avg. $355.96 $380.43 $379.85 $381.05 19 Alitalia Airlines 518,545 +5.9% 2,360 2,270 +4.0% 100% - - - 2010 2011 2012 2013 20 Turkish Airlines 501,028 +12.0% 1,884 1,676 +12.4% 100% - - - Source: Bureau of Transportation Statistics 21 SAS 477,093 +8.8% 2,166 1,925 +12.5% - 100% - - 22 Aeromexico 437,549 +19.3% 3,653 3,393 +7.7% 100% - - - Jobs outlook 23 Korean Air 423,555 -1.8% 1,460 1,450 +0.7% 100% - - - 2013 employment at NY-area airports 24 Tam Brazilian Airlines 420,987 +1.2% 1,635 2,061 -20.7% 100% - - - Total employees 25 Aer Lingus 412,777 -2.5% 1,634 1,683 -2.9% 100% - - - 36,620 26 KLM Royal Dutch Airlines 406,505 -2.1% 1,440 1,450 -0.7% 100% - - - 27 Aeroflot Airlines 374,648 +21.2% 1,486 1,316 +12.9% 100% - - - 28 WestJet 354,953 +32.1% 4,808 3,940 +22.0% - 10% 90% - 29 Porter Airlines 354,333 +4.0% 7,445 7,874 -5.4% - 100% - - 19,700 30 Air India 349,549 +22.5% 1,460 1,244 +17.4% 55% 45% - - 11,353 31 Air Berlin 345,364 +24.5% 1,386 1,066 +30.0% 100% - - - 32 Iberia Airlines of Spain 320,711 -7.2% 1,430 1,285 +11.3% 100% - - - 1,145 33 LAN Airlines 310,553 +4.6% 1,493 1,556 -4.0% 100% - - - JFK EWR LGA SWF 34 Avianca 309,826 +8.6% 1,973 1,803 +9.4% 100% - - - Source: Port Authority of New York and New Jersey 35 Air China International 293,571 +41.2% 1,122 728 +54.1% 100% - - - 36 Singapore Airlines 277,815 -0.2% 1,127 1,422 -20.7% 89% 11% - - 37 All Nippon Airways 244,269 +40.5% 1,460 1,030 +41.7% 100% - - - By the numbers 38 TACA Airlines 226,049 +15.9% 1,910 1,410 +35.5% 88% 12% - - 39 Copa Airlines 225,170 +15.1% 1,684 1,447 +16.4% 100% - - - 40 Alaska Airlines 209,659 +4.4% 1,364 1,442 -5.4% - 100% - - NUMBER112.5M OF PASSENGERS at NY-area airports 41 Etihad Airways 205,910 +23.4% 792 726 +9.1% 100% - - - in 2013, a record 42 China Eastern Airlines 205,582 -0.8% 721 726 -0.7% 100% - - - 43 Qatar Airways 203,775 +0.9% 730 726 +0.6% 100% - - - 44 Icelandair 195,232 +12.7% 1,170 1,006 +16.3% 91% 9% - - 45 Frontier Airlines 190,525 -40.6% 1,233 2,390 -48.4% - - 100% - PORTION OF PASSENGERS6% who downloaded their boarding passes onto their cellphones in 2013, 46 Air Portugal 190,267 +7.4% 844 814 +3.7% - 100% - - up from 1% in 2009 47 Qantas Airways 187,485 +10.0% 722 715 +1.0% 100% - - - 48 LAN Ecuador 186,537 +4.9% 852 890 -4.3% 100% - - - 49 Finnair 175,238 +2.1% 726 704 +3.1% 100% - - - 50 South African Airways 173,144 -1.0% 724 712 +1.7% 100% - - - TONS OF CARGO2M moved through NY-area airports Combined data on arrivals and departures for airlines flying into and out of John F. Kennedy International, LaGuardia, Newark Liberty International and Stewart International airports for the 12 months ended March in 2013, down 4% from 2012 31. Regional affiliates are included with their parent airlines. 1-Rounded to the nearest tenth. Percentage totals may not equal 100%. Source: Port Authority of New York and New Jersey, www.panynj.gov/airports, with additional research by Suzanne Panara and Nicholas Wells. Source: Port Authority of New York and New Jersey 70 | Crain’s New York Business | book of lists 2015 The only thing greater than a child’s imagination is your help in supporting it. Many thanks The Time In Children’s Arts Initiative is transforming the lives of hundreds of New York’s youngest, The Catalog for Giving The Chatterjee Group most at-risk public school students every week of the school year. The Dedalus Foundation E.H.A. Foundation Combining opera, hands-on art, gallery hops + museum visits with literacy and live performance, The Charlotte & Joseph Gardner Foundation Time In ensures a beautifully curated, arts-enriched education to children who would never GreenRoom The Harman Famiy Foundation otherwise have this quality of opportunity. Lucile Johnson Family Foundation The Lincoln Fund Give now. Give generously. Kinder Morgan The Subak Family Foundation www.timeinkids.org New York Life New Yankee Stadium Fund Publicis Kaplan Thaler Youth Inc. New York City Department of Cultural Affairs CHANGING THE WORLD. ONE CHILD AT A TIME. The Time In Children’s Arts Initiative is a 501c(3) charitable corporation and all contributions are tax deductible to the extent provided by law. The New York State Council on the Arts P072-73CL_CN_20141222.qxp 12/19/2014 12:33 PM Page 72 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM REAL ESTATE PUBLIC & LEGAL NOTICES NOTICE: Name of foreign LLC is DJR Notice of Qualification of 1901 Partners Notice of Qual. of Two Sigma Open Notice of Qualification of SILVERSTEIN COMMERCIAL SPACE Management LLC. Applic. for Auth. Management GP, LLC. Authority filed Source, LLC, Auth. filed Sec'y of MB PROPERTY OWNER LLC. filed in NYS DOS 10/1/13 re fictitious with NY Dept. of State on 11/3/14. State (SSNY) 4/15/14. Office loc.: NY Authority filed with Secy. of State of NY RETAIL SPACE FOR LEASE name DJR MGMT OF NY LLC. Office location: NY County. LLC County. LLC org. in DE 4/14/14. SSNY (SSNY) on 11/13/14. Office location: Lower Eastside Jurisdiction: DE & formation 8/15/13. formed in DE on 6/30/14. NY Sec. of desig. as agent of LLC upon whom NY County. LLC formed in Delaware Clinton Street & Houston Street. Office in NY State: NY County; St. State designated agent of LLC upon process against it may be served. (DE) on 11/10/14. SSNY designated All Retail Uses; Two Floors in High address - 255 Hudson St. Apt. PHB, whom process against it may be SSNY shall mail copy of proc. to Att: as agent of LLC upon whom process Traffic Area. Skylights & 20' Ceilings. NY, NY 10013. NY Sec. of State served and shall mail process to the Matthew Siano, Esq., 100 Ave of the against it may be served. SSNY shall Brokers Protected. By Owner. designated as agent of the LLC for principal business addr.: 350 Park Ave., Americas, NY, NY 10013. DE off. addr.: mail process to c/o Corporation Please call Joe at (212) 255-2600 service of process. SOS to mail a 13th Fl., NY, NY 10022, Attn: Neil CSC, 2711 Centerville Rd., Wilmington, Service Co. (CSC), 80 State St., Albany, copy of any process agst LLC to c/o Wallack. DE addr. of LLC: c/o National DE 19808. Cert. of Form. on file: NY 12207-2543. DE addr. of LLC: c/o David J. Roth, 255 Hudson St, Apt. Corporate Research, Ltd., 615 S. SSDE, Townsend Bldg., Dover, DE CSC, 2711 Centerville Rd., Ste. 400, PHB, NY, NY 10013 within or w/out DuPont Hwy., Dover, DE 19901. Cert. 19901. Purp.: any lawful activities. Wilmington, DE 19808. Arts. of Org. TELECOMMUNICATIONS NY State. Address in its jurisdiction of Form. filed with DE Sec. of State, filed with Secy. of State of DE., Div. is: Sec. of State, John G. Townsend 401 Federal St., Dover, DE 19901. Notice of Qual. of Rapid Zone LLC, of Corps., P.O. Box 898, Dover, DE Bldg, 401 Federal St. – Ste 4, Dover, Purpose: any lawful activity. Auth. filed Sec'y of State (SSNY) 19903. Purpose: Any lawful activity. DE 19901. Purpose: any lawful act 8/25/14. Office loc.: NY County. LLC or activity which limited liability Notice of Formation of 225 Central org. in DE 4/20/12. SSNY desig. as MTC Construction LLC, Articles of 33 East 33rd Street companies may be organized. Park North LLC. Arts. of Org. filed agent of LLC upon whom process Org. filed N.Y. Sec,. of State (SSNY) New York, NY 10016 with Secy. of State of NY (SSNY) on against it may be served. SSNY shall 30th day of October 2014. Office in 11/12/14. Office location: NY County. mail copy of proc. to CSC, 80 State St., 212-532-7400 Notice of Formation of BAR CAPITAL New York Co. at 61 W 82nd St, Suite LLC. Arts. of Org. filed with NY Dept. SSNY designated as agent of LLC Albany, NY 12207. DE off. addr.: DE 1B New York, NY 10024. SSNY [email protected] of State on 11/20/14. Office location: upon whom process against it may Corp. Organizers, 1201 N. Market St., design. agt. upon whom process may EMERGENCY NY County. Sec. of State designated be served. SSNY shall mail process Wilmington, DE 19801. Cert. of Form. be served. SSNY shall mail copy of agent of LLC upon whom process to: c/o RCR Management LLC, 155 on file: SSDE, Townsend Bldg., Dover, process to 61 W 82nd St, Suite 1B, COMMUNICATIONS against it may be served and shall mail Riverside Drive, Ste. 1D, NY, NY DE 19901. Purp.: any lawful activities. New York, NY 10024. Reg. Agt. upon SYSTEMS process to: CT Corporation System, 10024. Purpose: any lawful activity whom process may be served: SPECIALISTS 111 8th Ave., NY, NY 10011, regd. Notice of Formation of Grid Urban Spiegel & Utrera, P.A., P.C. 1 Maiden • FREE PICKUP & DELIVERY agent upon whom process may be 73 WASHINGTON PLACE, LLC. App. Ventures II, LLC. Arts. of Org. filed with Lane, NYC 10038. 1 800 576-1100 • 48 HOUR TURNAROUND served. Purpose: all lawful purposes. for Auth. filed with the SSNY on Secy. of State of NY (SSNY) on Purpose: Any lawful purpose. ON REPAIRS 09/11/14. Originally filed with the 09/01/00. Office location: NY County. • FREE ENGRAVING Notice of Qualification of 85 Broad Secretary of State of Delaware on SSNY designated as agent of LLC upon FIKA 10 PARK AVENUE LLC, Arts. of Propco LLC. Authority filed with NY 09/10/14. Office: New York County. whom process against it may be served. Org. filed with the SSNY on 10/15/2014. • SHORT & LONG TERM SSNY shall mail process to: Grid RENTALS Dept. of State on 12/3/14. Office SSNY designated as agent of the Office loc: NY County. SSNY has location: NY County. Princ. bus. addr.: LLC upon whom process against it Properties, Inc., 599 Lexington Ave., been designated as agent upon 200 State St., Ste. 5, Boston, MA may be served. SSNY shall mail NY, NY 10022, Attn: Drew Greenwald. whom process against the LLC may 02109. LLC formed in DE on 11/13/14. copy of process to the LLC, c/o The Purpose: any lawful activities. be served. SSNY shall mail process NY Sec. of State designated agent of Carlyle Group, 520 Madison Avenue, to: Lars Akerlund, 66 Pearl St., NY, LLC upon whom process against it New York, NY 10022. Purpose: Any Notice of Formation of 215 Moore St NY 10004. Reg Agent: Lars Akerlund, may be served and shall mail process lawful purpose. Development LLC. Arts. of Org. filed 66 Pearl St., NY, NY 10004. Purpose: to: c/o CT Corporation System, 111 with Secy. of State of NY (SSNY) on Any Lawful Purpose. 8th Ave., NY, NY 10011, regd. agent Notice of Formation of SD Builders 12/3/14. Office location: NY County. upon whom process may be served. and Construction LLC. Arts. of Org. SSNY designated as agent of LLC ASHAP REALTY LLC. Art. of Org. filed PUBLIC & DE addr. of LLC: c/o The Corporation filed with Secy. of State of NY (SSNY) upon whom process against it may with the SSNY on 09/03/14. Office: New LEGAL NOTICES Trust Co., 1209 Orange St., on 11/05/14. Office location: NY be served. SSNY shall mail process York County. SSNY designated as Wilmington, DE 19801. Cert. of Form. County. SSNY designated as agent to: c/o The LLC, 711 Fifth Avenue, agent of the LLC upon whom process filed with DE Sec. of State, 401 of LLC upon whom process against 16th Fl., NY, NY 10022. Purpose: any Notice of Qualification of STURM against it may be served. SSNY shall Federal St., Dover, DE 19901. it may be served. SSNY shall mail lawful activity. FAMILY OFFICE LLC. Authority filed mail copy of process to the LLC, 152 Purpose: all lawful purposes. process to: c/o Slate Property Group with Secy. of State of NY (SSNY) on E. 65th Street, New York, NY 10065. LLC, 850 Third Ave., Ste. 16-B, NY, 11/12/14. Office location: NY County. Notice of Formation of: SOHO PIXEL Purpose: Any lawful purpose. NY 10022, Attn: Martin Nussbaum. LLC formed in Delaware (DE) on JOSEPH AND DALIA PORECKI LLC. LLC. Arts of Org. filed with Secy of Art. of Org. filed with the SSNY on Purpose: any lawful activities. 04/17/14. SSNY designated as agent State of NY (SSNY) on 07-25-2014. Dana's Bakery NY, LLC. Arts. of Org. 02/03/10. Office: New York County. of LLC upon whom process against Off. Loc.: New York County. SSNY filed with Secy. of State of NY (SSNY) SSNY designated as agent of the it may be served. SSNY shall mail Notice of Qualification of DFB designated as agent of LLC upon on 10/16/14. Off. loc.: NY Co. SSNY LLC upon whom process against it process to c/o Corporation Service Insurance Group LLC. Filed on whom process against it may be designated as agent of LLC upon may be served. SSNY shall mail Co., 80 State St., Albany, NY 12207- 10/1/2014 with the Secretary of Stae served. SSNY shall mail process to: whom process may be served. SSNY copy of process to the LLC, 250 E. 2543. DE addr. of LLC: 2711 of New York. LLC formed in TX on 400 E 56 St STE 100.New York, NY shall mail process to c/o Dana 53rd Street, Apt. 2303, New York, NY Centerville Rd., Ste. 400, Wilmington, 2/18/14. Address of LLC: 117 E 10022. Purpose: Any lawful activity. Pollack, PO Box 662, Franklin Lakes, 10022. Purpose: Any lawful purpose. DE 19808. Arts. of Org. filed with The Kingsmill, Pampa, TX 79065. SSNY NJ 07417. Purpose: General. DE Secy. of State, Div. of Corps., has been designated as an agent PERSONAL PODIATRY NY PLLC, a John G. Townsend Bldg., 401 Notice of Formation of BESOS FROM upon whom process against it may be Prof. LLC, Arts. of Org. filed with the Notice of Qualification of 85 Broad Federal St., Ste. 4, Dover, DE 19901. LOLA, LLC. Arts. of Org. filed with served. Certificate of LLC filed with SSNY on 11/12/2014. Office location: Property Manager LLC. Authority filed Purpose: Any lawful activity. Secy. of State of NY (SSNY) on Secretay of State of TX located at PO NY County. SSNY has been desig- with NY Dept. of State on 12/3/14. 09/12/14. Office location: NY County. Box 12887, Austin, TX 78711-2887 nated as agent upon whom process Office location: NY County. Princ. bus. Notice of Formation of Sun Way SSNY designated as agent of LLC against it may be served. SSNY shall addr.: 200 State St., Ste. 5, Boston, MA International Holding LLC, Art. of Org. upon whom process against it may Notice of Formation of 2403 EAST mail process to: 20 East 46th St, NY, 02109. LLC formed in DE on 11/10/14. filed Secy. of State of NY (SSNY) on be served. SSNY shall mail process 13TH OWNER LLC. Arts. of Org. filed NY 10017. Purpose: To Practice The NY Sec. of State designated agent of 04/03/2013. Office location: New to the LLC, Ronnie Livia, 400 E. 56th with Secy. of State of NY (SSNY) on Profession Of Podiatry. LLC upon whom process against it York County. SSNY Designated as St., Apt. 5B, NY, NY 10022. Purpose: 11/05/14. Office location: NY County. may be served and shall mail process agent of LLC upon whom process Any lawful activity. Princ. office of LLC: 295 Madison Ave., Notice of Formation of IMPETUS to: c/o CT Corporation System, 111 against it may be served. SSNY shall 2nd Fl., NY, NY 10017. SSNY desig- PHYSICAL THERAPY PLLC. Arts. of 8th Ave., NY, NY 10011, regd. agent mail copy of process to: The LLC, Notice of Formation of 153 East nated as agent of LLC upon whom Org. filed with Secy. of State of NY upon whom process may be served. 148 Madison St., New York, NY Broadway LLC. Arts. of Org. filed with process against it may be served. (SSNY) on 11/24/14. Office location: DE addr. of LLC: c/o The Corporation 10002. Purpose: any lawful activity. Secy. of State of NY (SSNY) on SSNY shall mail process to c/o NY County. SSNY designated as Trust Co., 1209 Orange St., 11/4/14. Office location: NY County. Philips International at the princ. office agent of PLLC upon whom process Wilmington, DE 19801. Cert. of Form. 234 Troy Avenue LLC. Arts. of Org. SSNY designated as agent of LLC of the LLC. Purpose: Any lawful activity. against it may be served. SSNY shall filed with DE Sec. of State, 401 filed with Secy. of State of NY (SSNY) upon whom process against it may be mail process to Corporation Service Federal St., Dover, DE 19901. on 09/12/14. Off. loc.: New York Co. served. SSNY shall mail process to: Notice of Qualification of AITHON Co., 80 State St., Albany, NY 12207- Purpose: all lawful purposes. SSNY designated as agent of LLC The LLC, 153 East Broadway, NY, NY CAPITAL MANAGEMENT, LP. Appl. 2543. Purpose: Any lawful activity. upon whom process may be served. 10002. Purpose: any lawful activity. for Auth. filed with Secy. of State of NY Notice of Qualification of AITHON SSNY shall mail process to 10 W 47th (SSNY) on 12/02/14. Office location: NOTICE FOR FORMATION of a limited CAPITAL GP LLC. Appl. for Auth. filed St., Ste. 501, New York, NY 10036. Notice of Qualification of GLL BVK NY County. LP formed in Delaware liability company (LLC). The name of with Secy. of State of NY (SSNY) on Purpose: General. Properties 2014, L.P. Authority filed (DE) on 10/02/14. Princ. office of LP: the limited liability company is 53 EAST 12/02/14. Office location: NY County. with NY Dept. of State on 7/16/14. 501 Madison Ave., 8th Fl., NY, NY 7 STREET LLC. The date of filing of LLC formed in Delaware (DE) on Notice of Qualification of ZIFF CAPITAL Office location: NY County. Princ. 10022. SSNY designated as agent of the articles of organization with the 11/06/14. Princ. office of LLC: 501 PARTNERS, LLC. Authority filed with bus. addr.: 199 Fremont St., Ste. LP upon whom process against it may Department of State was November 18, Madison Ave., 8th Fl., NY, NY 10022. Secy. of State of NY (SSNY) on 1150, San Francisco, CA 94105. LP be served. SSNY shall mail process 2014. The County in New York in SSNY designated as agent of LLC 11/07/14. Office location: NY County. formed in DE on 4/15/14. NY Sec. of to the Partnership at the princ. office which the office of the company is upon whom process against it may be LLC formed in Delaware (DE) on State designated agent of LP upon of the LP. The regd. agent of the located is New York. The Secretary of served. SSNY shall mail process to 11/05/14. SSNY designated as agent whom process against it may be company upon whom and at which State has been designated as agent of the LLC at the princ. office of the LLC. of LLC upon whom process against served and shall mail process to: c/o process against the company can be the company upon whom process The regd. agent of the company upon it may be served. SSNY shall mail CT Corporation System, 111 8th served is Harold Lehr at the princ. may be served, and the Secretary of whom and at which process against process to c/o Corporation Service Ave., NY, NY 10011, regd. agent office of the LLC. Name and addr. of State shall mail a copy of any process the company can be served is Harold Co. (CSC), 80 State St., Albany, NY upon whom process may be served. each general partner are available against the company served upon him Lehr at the princ. office of the LLC. 12207-2543. DE addr. of LLC: CSC, DE addr. of LP: 1209 Orange St., from SSNY. DE addr. of LP: 2711 or her to c/o Stefka Nazarkewycz, 182 DE addr. of LLC: c/o Corporation 2711 Centerville Rd., Ste. 400, Wilmington, DE 19801. Name/addr. Centerville Rd., Ste. 400, Wilmington, 2nd Avenue, Apt #2, New York, New Service Co., 2711 Centerville Rd., Ste. Wilmington, DE 19808. Arts. of Org. of genl. ptr. available from NY Sec. of DE 19808. Cert. of LP filed with York 10003. The business purpose of 400, Wilmington, DE 19808. Cert. of filed with DE Secy. of State, Div. of State. Cert. of LP filed with DE Sec. Secy. of State of the State of DE, 401 the company is to engage in any and Form. filed with Secy. of State of the Corps., 401 Federal St., Dover, DE of State, 401 Federal St., Dover, DE Federal St., Dover, DE 19901. all business activities permitted under State of DE, 401 Federal St., Dover, DE 19901. Purpose: Any lawful activity. 19901. Purpose: all lawful purposes. Purpose: Any lawful activity. the laws of the State of New York. 19901. Purpose: Any lawful activity. 72 | Crain’s New York Business | book of lists 2015 P072-73CL_CN_20141222.qxp 12/19/2014 12:33 PM Page 73 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of 345 Park Notice of Qualification of SDCL EE Notice of Qualification of 458 NY Qualification of Blackstone Real Estate Notice of Formation of Steuben Debt LLC. Authority filed with NY Dept. of Co (US) Management, LLC. Appl. for LLC. Authority filed with NY Dept. of Associates VIII L.P. Authority filed LLC, Art. of Org. filed Sec'y of State State on 10/30/14. Office location: NY Auth. filed with Secy. of State of NY State on 11/6/14. Office location: NY with the Sect of State of NY (SSNY) (SSNY) 3/17/14. Office location: NY County. Princ. bus. addr.: 345 Park (SSNY) on 10/14/14. Office loc.: NY County. LLC formed in DE on on 10/28/14. Office Loc: NY County. County. SSNY designated as agent Ave., NY, NY 10154. LLC formed in Cnty. LLC formed in Delaware on 9/10/14. NY Sec. of State designated LP formed in DE on 10/22/14. SSNY of LLC upon whom process against DE on 11/13/13. NY Sec. of State 09/05/14. SSNY designated as agent agent of LLC upon whom process has been designated as agent of LP it may be served. SSNY shall mail designated agent of LLC upon whom of LLC upon whom process against it against it may be served and shall upon whom process against it may copy of process to Bluestone Group, process against it may be served may be served. Orig. addr. of process: mail process to: c/o CT Corporation be served and shall mail process to: 225 Broadway, NY, NY 10007. and shall mail process to: c/o CT c/o Sustainable Development Capital, System, 111 8th Ave., NY, NY 10011. c/o The Blackstone Group L.P., 345 Purpose: any lawful activities. Corporation System, 111 8th Ave., NY, LLC, 485 Madison Ave., 7th Fl., NY, DE address of LLC: c/o The Park Avenue, NY, NY 10154. DE NY 10011, regd. agent upon whom NY 10022. As amended by Cert. of Corporation Trust Co., 1209 Orange address of LP: 200 Bellevue Pkwy, Ste Notice of Formation of Peninsula process may be served. DE addr. of Change filed on 11/21/14, SSNY St., Wilmington, DE 19801. Cert. of 210, Wilmington, 19809. Name/addr Realty Holdings LLC, Art. of Org. filed LLC: 1209 Orange St., Wilmington, DE shall mail process to princ. office of Form. filed with DE Sec. of State, of genl ptr avail from SSNY. Cert of Sec'y of State (SSNY) 7/2/14. Office 19801. Cert. of Form. filed with DE LLC: 36 W. 44th St., Ste. 1412, NY, 401 Federal St., Dover, DE 19901. LP filed with DE Sect of State, 401 location: NY County. SSNY designated Sec. of State, 401 Federal St., Dover, DE NY 10036. DE addr. of LLC: c/o Purpose: all lawful purposes. Federal St, Ste 4, Dover, DE 19901. as agent of LLC upon whom process 19901. Purpose: all lawful purposes. National Corp. Research, Ltd., 615 S. Purpose: any lawful activity. against it may be served. SSNY shall DuPont Hwy., Dover, DE 19901. Cert. JW PROPERTIES & DESIGN LLC, mail copy of process to Bluestone Notice of Qualification of BRIAR of Form. filed with DE Secy. of State, Arts. of Org. filed with the SSNY on Notice of Qualification of Budget Group, 225 Broadway, NY, NY 10007. CAPITAL MANAGEMENT LLC. Appl. 401 Federal St., Ste. 4, Dover, DE 11/12/2014. Office loc: NY County. Travel, LLC. Authority filed with NY Purpose: any lawful activities. for Auth. filed with Secy. of State of NY 19901. Purpose: Any lawful activity. SSNY has been designated as agent Dept. of State on 10/7/14. Office (SSNY) on 11/17/14. Office location: upon whom process against the LLC location: NY County. Princ. bus. Notice of Formation of Parker Ave JV NY County. LLC formed in Delaware Notice of Formation of 360 CPW LLC may be served. SSNY shall mail addr.: 499 7th Ave., 18th Fl., South LLC, Art. of Org. filed Sec'y of State (DE) on 07/25/14. SSNY designated Arts. of Org. filed with Secy. of State process to: Joy Wayne, 325 E. 57th Tower, NY, NY 10018. LLC formed in (SSNY) 5/23/14. Office location: NY as agent of LLC upon whom process of NY (SSNY) on 08/29/14. Office St., Apt. 6B, NY, NY 10022. Purpose: DE on 2/25/14. NY Sec. of State County. SSNY designated as agent against it may be served. SSNY shall location: NY County. Princ. office of Any Lawful Purpose. designated agent of LLC upon whom of LLC upon whom process against mail process to c/o Corporation LLC: c/o Argo Real Estate, 50 W. 17th process against it may be served it may be served. SSNY shall mail Service Co. (CSC), 80 State St., St., NY, NY 10011. SSNY designated Notice of Qualification of Echo and shall mail process to: PO Box copy of process to Bluestone Group, Albany, NY 12207-2543. DE addr. of as agent of LLC upon whom process Capital Group, LLC. Authority filed 680999, Franklin, TN 37068-0999. 225 Broadway, NY, NY 10007. LLC: c/o CSC, 2711 Centerville Rd., against it may be served. SSNY shall with the Secretary of State of New York DE addr. of LLC: 1209 Orange St., Purpose: any lawful activities. Ste. 400, Wilmington, DE 19808. mail process to the LLC at the addr. of (SSNY) on 10/8/14. Office location: New Wilmington, DE 19801. Cert. of Form. Cert. of Form. filed with Secy. of its princ. office. Purpose: Any lawful York County. LLC formed in Delaware filed with DE Sec. of State, 401 1115 COLLEGE AVE. LLC, a domestic State of the State of DE, Div. of activity. on 1/31/14. SSNY designated agent Federal St., Dover, DE 19901. LLC, filed with the SSNY on 11/13/14. Corps., John G. Townsend Bldg., upon whom process may be served Purpose: all lawful purposes. Office location: New York County. 401 Federal St. - Ste. 4, Dover, DE Notice of Formation of COJI, LLC. and shall mail copy of process SSNY is designated as agent upon 19901. Purpose: Any lawful activity. Arts. of Org. filed with Secy. of State against LLC to: C/O CT Corporation Notice of Formation of Lau’s Realty whom process against the LLC may of NY (SSNY) on 12/08/14. Office System, 111 8th Avenue, New York, Associate LLC, Art. of Org. filed be served. SSNY shall mail process to Notice of Formation of INTER-PROJECTS location: NY County. SSNY designated NY 10011. Purpose: any lawful act. Secy. of State of NY (SSNY) on Mandell Mandell LLP, 8002 Kew ARCHITECTURE, PLLC. Arts. of Org. as agent of LLC upon whom process 07/23/2014. Office location: New Gardens Rd., Ste. 606, Kew Gardens, filed with Secy. of State of NY against it may be served. SSNY shall York County. SSNY Designated as NY 11415-3606. General Purposes. mail process to Corporation Service Notice of Qualification of Echo (SSNY) on 11/25/14. Office location: Management, LLC, doing business as agent of LLC upon whom process NY County. SSNY designated as Co., 80 State St., Albany, NY 12207, against it may be served. SSNY shall regd. agent upon whom and at which ECG Management, LLC in New York. Bond Street Capital Group LLC. Arts. agent of PLLC upon whom process Authority filed with the Secretary of mail copy of process to: The LLC, 9 of Org. filed with Secy. of State of against it may be served. SSNY shall process may be served. Purpose: Mott St., Suite #300, New York, NY Any lawful activity. State of New York (SSNY) on 10/9/14. NY (SSNY) on 10/30/14. Off. loc.: NY mail process to c/o Seth E. Office location: New York County. 10013. Purpose: any lawful activity. Co. SSNY designated as agent of Zuckerman, Esq., 18 Columbia Tpke, Notice of Formation of 239 HENRY LLC formed in Colorado on 3/4/14. LLC upon whom process may be Ste, 200, Florham Park, NJ 07932- Notice of Formation of BUNN PROPERTY LLC. Arts. of Org. filed SSNY designated agent upon whom served. SSNY shall mail process to 2266. Purpose: Architectural. GANSEVOORT, LLC. Arts. of Org. filed with Secy. of State of NY (SSNY) on process may be served and shall 460 Park Ave South, Ste. 204, New with Secy. of State of NY (SSNY) on 11/14/14. Office location: NY County. mail copy of process against LLC to: York, NY 10016. Purpose: General. 11/24/14. Office location: NY County. Notice of Formation of NYCHA Princ. office of LLC: Chaves Family C/O CT Corporation System, 111 8th Princ. office of LLC: Mr. Hyun Soo Lee, Triborough Preservation LLC. Arts. of Holdings, LLP, 111 John St., Ste. 312, Avenue, New York, NY 10011. NOTICE OF FORMATION OF SHINE c/o Bunn Gansevoort, LLC, 1965 Org. filed with NY Dept. of State on NY, NY 10038. SSNY designated as Purpose: any lawful act. GLORY LLC. Arts of Org filed with Broadway, Ste. 16J, NY, NY 10023. 11/12/14. Office location: NY County. agent of LLC upon whom process Secy of State of NY (SSNY) on SSNY designated as agent of LLC Sec. of State designated agent of against it may be served. SSNY shall ACTIVE WORKING PARTNERS LLC, 11/19/14. Office location: NEW YORK upon whom process against it may LLC upon whom process against it mail process to Corporation Service a domestic LLC, filed with the SSNY County. SSNY designated agent upon be served. SSNY shall mail process may be served and shall mail process Co., 80 State St., Albany, NY 12207- on 11/12/14. Office location: New whom process may be served and to the LLC at the addr. of its princ. to: c/o New York City Housing 2543. Purpose: Any lawful activity. York County. SSNY is designated as shall mail copy of process against Authority, 250 Broadway, 9th Fl., NY, NY agent upon whom process against office. Purpose: Any lawful activity. LLC to principal business address: 10007, principal business address. the LLC may be served. SSNY shall Notice of Formation of BH-MIO, LLC. 8514 Broadway, Apt.5A, Elmhurst, Purpose: all lawful purposes. mail process to Rebecca Frankel, 37 Arts. of Org. filed with Secy. of State Notice of Formation of GENERATION NY 11373. Purpose: any lawful act. W. 72nd St., #7E, NY, NY 10023. of NY (SSNY) on 11/21/14. Office MEDICAL ASSOCIATES PLLC. Arts. General Purposes. Notice of Formation of RSG-SHEF location: NY County. SSNY designated of Org. filed with Secy. of State of NY NES DEVELOPMENT LLC, Arts. of Org. DEVELOPMENT LLC. Arts. of Org. as agent of LLC upon whom process (SSNY) on 11/24/14. Office location: filed with the SSNY on 11/06/2014. filed with Secy. of State of NY (SSNY) against it may be served. SSNY shall Notice of Qualification of BGP NY County. Princ. office of PLLC: 21 Office loc: NY County. SSNY has on 10/31/14. Office location: NY mail process to Corporation Service Tuscany HoldCo LLC. Authority filed E. 69th St., NY, NY 10021. SSNY been designated as agent upon County. Princ. office of LLC: 360 Co., 80 State St., Albany, NY 12207, with NY Dept. of State on 12/10/14. designated as agent of PLLC upon whom process against the LLC may Lexington Ave., 2nd Fl., NY, NY 10017. regd. agent upon whom and at which Office location: NY County. Princ. whom process against it may be be served. SSNY shall mail process SSNY designated as agent of LLC process may be served. Purpose: bus. addr.: 510 Madison Ave., 8th Fl., served. SSNY shall mail process to to: 20 W. 33rd St., 6th Flr., NY, NY upon whom process against it may Any lawful activity. NY, NY 10022. LLC formed in DE on Attn: Norbert Gleicher, Manager at 10001. Reg. Agent: Larry Katz, 20 W. be served. SSNY shall mail process 12/2/14. NY Sec. of State designated the princ. office of the PLLC. 33rd St., 6th Flr., NY, NY 10001 to the LLC, Attn: Richard Mack, 60 CHAMM ACQUISITIONS, LLC. App. agent of LLC upon whom process Purpose: Any lawful activity. Purpose: Any Lawful Purpose. Columbus Circle, 20th Fl., NY, NY for Auth. filed with the SSNY on against it may be served and shall 10023. Purpose: Any lawful activity. 11/13/14. Originally filed with the mail process to: c/o Willkie Farr & NUM PANG FRANCHISING, LLC. Notice of Formation of HSC ATLANTIC, Secretary of State of Delaware on Gallagher LLP, 787 7th Ave., NY, NY App. for Auth. filed with the SSNY on LLC. Arts. of Org. filed with Secy. of Notice of Qualification of MILLSTEIN 11/06/14. Office: New York County. 10019. DE addr. of LLC: c/o The 11/13/14. Originally filed with the State of NY (SSNY) on 12/05/14. REAL ESTATE CO. LLC. Authority SSNY designated as agent of the LLC Corporation Trust Co., 1209 Orange Secretary of State of Delaware on Office location: NY County. Princ. filed with Secy. of State of NY (SSNY) upon whom process against it may St., Wilmington, DE 19801. Cert. of 11/06/14. Office: New York County. office of LLC: 12 W. 23rd St., 4th Fl., on 10/31/14. Office location: NY be served. SSNY shall mail copy of Form. filed with DE Sec. of State, SSNY designated as agent of the LLC NY, NY 10010. SSNY designated as County. LLC formed in Delaware (DE) process to the LLC, c/o Daniels Norelli Townsend Bldg., Dover, DE 19901. upon whom process against it may agent of LLC upon whom process on 11/15/13. Princ. office of LLC: Scully & Cecere, P.C., One Old Country Purpose: all lawful purposes. be served. SSNY shall mail copy of against it may be served. SSNY shall 1717 Pennsylvania Ave. NW, Ste. Road, Suite LL5, Carle Place, NY process to the LLC, c/o Daniels Norelli mail process to Hope Street Capital 333, Washington, DC 20006. SSNY 11514. Purpose: Any lawful purpose. Notice of Qualification of APOLLO NA Scully & Cecere, P.C., One Old Country LLC at the princ. office of the LLC. designated as agent of LLC upon MANAGEMENT II, LLC. Authority filed Road, Suite LL5, Carle Place, NY Purpose: Any lawful activity. whom process against it may be Notice of Qualification of SHS Upper with Secy. of State of NY (SSNY) on 11514. Purpose: Any lawful purpose. served. SSNY shall mail process to City NY II LLC. Authority filed with 12/17/14. Office location: NY County. NOTICE OF FORMATION OF Dave the LLC, Attn: General Counsel, 40 Secy. of State of NY (SSNY) on LLC formed in Delaware (DE) on Qualification of Blackstone Real Estate Friedman 1, LLC. Articles of E. 52nd St., 20th Fl., NY, NY 10022. 12/08/14. Office location: NY County. 08/15/14. Princ. office of LLC: 9 W. Partners VIII L.P. Authority filed with Organization filed with the Secretary DE addr. of LLC: 2711 Centerville LLC formed in Delaware (DE) on 57th St., 43rd Fl., NY, NY 10019. SSNY the Sect of State of NY (SSNY) on of State of NY (SSNY) on 10/24/2012. Rd., Ste. 400, Wilmington, DE 19808. 05/21/14. SSNY designated as agent designated as agent of LLC upon 10/28/14. Office Loc: NY County. LP Office location: NEW YORK County. Arts. of Org. filed with DE Secy. of of LLC upon whom process against it whom process against it may be formed in DE on 10/22/14. SSNY has SSNY has been designated as agent State, Div. of Corps., 401 Federal St., may be served. SSNY shall mail served. SSNY shall mail process to been designated as agent of LP upon upon whom process against it may Ste. 4, Dover, DE 19901. Purpose: process to: c/o Cheer Land the LLC, Attn: John J. Suydam at the whom process against it may be be served. The Post Office address Any lawful activity. Investments Group Limited, 152 West princ. office of the LLC. DE addr. of served and shall mail process to: c/o to which the SSNY shall mail a copy 57th St., Ste. 3901, NY, NY 10019. LLC: c/o Corporation Service Co., The Blackstone Group L.P., 345 Park of any process against the LLC Address to be maintained in DE: 2711 Centerville Rd., Ste. 400, Avenue, NY, NY 10154. DE address served upon him/her is: c/o Max Corporation Service Company, 2711 Wilmington, DE 19808. Arts. of Org. of LP: 200 Bellevue Pkwy, Ste 210, Markus Katz, P.C., 88 University VISIT OUR WEBSITE Centerville Rd., Ste. 400, Wilmington, filed with the Secy. of State of the Wilmington, 19809. Name/addr of Place, New York, NY 10003. The DE 19808. Arts of Org. filed with the State of DE, Dept. of State, Div. of genl ptr avail from SSNY. Cert of LP principal business address of the LLC DE Secy. of State, John G. Townsend Corps., John G. Townsend Bldg., filed with DE Sect of State, 401 is: c/o Max Markus Katz, P.C., 88 CRAINSNEWYORK.COM Bldg., 401 Federal St., Dover, DE 401 Federal St., Ste. 4, Dover, DE Federal St, Ste 4, Dover, DE 19901. University Place, New York, NY 10003. 19901. Purpose: any lawful activities. 19901. Purpose: Any lawful activity. Purpose: any lawful activity. Purpose: any lawful act or activity. book of lists 2015 | Crain’s New York Business | 73 BOL_2015 INDEX _74-76.qxp 12/19/2014 4:58 PM Page 1 INDEX TO THE 2015 BOOK OF LISTS Company Page 125th Street ...... 65 Arup ...... 59 CA Technologies ...... 42 CTPartners...... 45 First Central Savings Bank ...... 27 1-800-Flowers.com Inc...... 17 ASI System Integration Inc...... 9, 21 Cablevision Systems Corp...... 14, 41 Cumberland Packing Corp...... 8 First Niagara Bank...... 26 1st Constitution Bank ...... 26 Assurant Inc...... 14, 41 CAN Capital...... 4 Curry Automotive...... 6 First Republic Bank ...... 25 21st Century Fox ...... 40 Astoria Federal Savings & Loan Association...... 27 CannonDesign...... 57 Curtis Instruments Inc...... 11 First Round Capital ...... 28 24 Seven Inc...... 10, 23, 45 Atlantic Health System ...... 43, 44 Capital One Bank ...... 25, 26 Cushman & Wakefield Inc...... 66 First Trade Union Bank ...... 26 34th Street Partnership...... 64 Atlantic Philanthropies ...... 36 CapitalSource Bank ...... 26 D Fisher Brothers Management Co...... 66, 68 47th Street/The Diamond District...... 65 Atlas Air Worldwide Holdings Inc...... 16, 42 CareMed Pharmaceutical Services ...... 9 D’Addario & Co...... 10 FJC Security Services Inc...... 9 500 Startups ...... 28 Atrium Staffing ...... 10, 23 Caribbean Airlines...... 70 D’Agostino Supermarkets Inc...... 11 Flatiron/23rd Street Partnership...... 64 A Aurora Contractors Inc...... 9, 67 Carnegie Corp. of NY...... 36 D’Artagnan Inc...... 23 Foot Locker Inc...... 14, 41 A&E Stores Inc. and Associated Cos...... 6 Automatic Data Processing Inc...... 12, 42 Carver Federal Savings Bank...... 27 Dattner Architects ...... 58 Ford Foundation ...... 36 ABCO Refrigeration Supply Corp...... 9 AvalonBay Communities Inc...... 69 Cassidy Turley New York ...... 66 Davis Brody Bond ...... 58 Fordham Road ...... 65 ABM Industries Inc...... 15 Avianca ...... 70 Cathay Pacific ...... 70 Davis Polk & Wardwell ...... 60 Fordham University’s Graduate School of ABS Partners Real Estate ...... 66 Avon Products Inc...... 12, 41 Catholic Medical Mission Board Inc...... 38 Debevoise & Plimpton ...... 60 Business Administration ...... 62 Acadia Realty Trust ...... 69 B CBIZ & Mayer Hoffman McCann ...... 48 Deloitte ...... 34, 47 Forest Laboratories Inc...... 16 ACC Construction Corp...... 24 Bad Boy Worldwide Entertainment Group...... 6, 21 CBRE Group Inc...... 66 Delta Air Lines...... 70 Fortress Investment Group ...... 17 Adams & Co. Real Estate ...... 66 Baker Tilly Virchow Krause...... 47 CBS Corp...... 12, 40 Denihan Hospitality Group ...... 8 Forum Group...... 45 Adelphi University's Robert B. Willumstad Bamberger Polymers Inc...... 6 CBS Outdoor Americas Inc...... 17 Deutsche Bank Trust Co. Americas ...... 25 Foundation to Promote Open Society / School of Business ...... 62 Banco Popular North America...... 25 Celgene Corp...... 14, 41 Dewberry...... 59 Open Society Institute...... 36 Advance Publications Inc...... 2 Banfi Products Corp...... 6 Celtic Bank Corp...... 26 DHR International Inc...... 46 Founder Collective...... 28 AECOM Technology Corp...... 58, 59 Bank of America...... 19, 25, 26 Central National-Gottesman Inc...... 2 DialAmerica Marketing Inc...... 8 Frenkel Benefits...... 35 AEP Industries Inc...... 17 Bank of New York Mellon Corp...... 12, 20, 25, 41 CetraRuddy Architecture ...... 57 Diane von Furstenberg Studio...... 6 FreshDirect ...... 6 Aer Lingus ...... 70 BankAsiana...... 26 Charmer Sunbelt Group...... 2 Dime Savings Bank of Williamsburgh ...... 27 Fried Frank Harris Shriver & Jacobson...... 61 Aeroflex Holding Corp...... 17 Barnabas Health...... 43, 44 Chase Bank USA...... 25 Direct Agents Inc...... 22 Friedman...... 47 Aeroflot ...... 70 Barnes & Noble Inc...... 14, 41 Chernoff Diamond & Co...... 35 Distinctive Personnel...... 45 Frontier Airlines ...... 70 Aeromexico ...... 70 Barr & Barr Inc...... 8 Children’s Place Retail Stores Inc...... 16, 42 Doctors Without Borders USA Inc...... 38 Fulton Mall Improvement Association ...... 65 Aéropostale Inc...... 16 Bartlett Dairy Inc...... 9, 21 China Eastern Airlines ...... 70 Doherty Enterprises Inc...... 6 FXFOWLE Architects...... 57 Aetna...... 32 Baruch College’s Zicklin School of Business...... 62 Chinatown District Management Association Inc...... 65 Doral Bank ...... 25 G AFD Contract Furniture Inc...... 9 Bayside Fuel Oil Corp...... 8 Cibao Meat Products...... 22 Doris Duke Charitable Foundation ...... 36 Gamco Investors Inc...... 40 Air Berlin ...... 70 BBCN Bank ...... 26 Cigna HealthCare of New York...... 32 DRG Executive Search...... 46 Garment District Alliance...... 64 Air Canada ...... 70 BCB Community Bank...... 26 CIT Group Inc...... 15, 41 Dun & Bradstreet Corp...... 16 Gellert Global Group ...... 4 Air China International...... 70 BDO...... 47 Citibank ...... 25, 26 Durst Organization ...... 66, 68 Genesee Regional Bank ...... 26 Air France ...... 70 Beacon Capital Partners ...... 68 Citigroup Inc...... 12, 19, 41 E Gensler ...... 57 Air India...... 70 Becton Dickinson & Co...... 14, 41 Citrin Cooperman & Co...... 47 E*Trade Financial Corp...... 16, 41 George Comfort & Sons Inc...... 66, 68 Air Portugal ...... 70 Bed Bath & Beyond Inc...... 12, 41 City National Bank...... 25 E.W. Howell Co...... 67 Gerner Kronick + Valcarcel Architects ...... 57 Alaska Airlines...... 70 Bed-Stuy Gateway...... 65 City of New York ...... 19, 68 East Midtown Partnership ...... 64 GFI Group Inc...... 17 Alcoa Inc...... 12, 41 Bellevue Hospital Center...... 30 Clare Rose Inc...... 9 East West Bank...... 26 GHI (Group Health Inc.)...... 32 Alcott HR Group...... 8 Benfield Electric Supply Co...... 10 Cleary Gottlieb Steen & Hamilton ...... 60 Edna McConnell Clark Foundation ...... 36 Gibson Dunn & Crutcher ...... 61 Alfred P. Sloan Foundation ...... 36 Berdon ...... 47 CNY Group...... 10 Egon Zehnder International ...... 46 G-III Apparel Group Ltd...... 16, 41 Alitalia ...... 70 Beth Israel Medical Center ...... 43, 44 Coach Inc...... 41 Eileen Fisher Inc...... 6, 23 Gilbane Building Co...... 67 All Nippon Airways ...... 70 Bethex Federal Credit Union ...... 26 Cognizant Technology Solutions Corp...... 14, 41 EisnerAmper ...... 47 Gilt...... 6 Alleghany Corp...... 15, 41 Beyer Blinder Belle Architects & Planners...... 57 Cohen Brothers Realty Corp...... 66, 68 E-J Electric Installation Co...... 8 Glimcher Realty Trust...... 69 Alliance for Downtown New York Inc...... 64 BGC Partners Inc...... 16, 41 CohnReznick ...... 47 El Al Airlines ...... 70 Global Research ...... 46 Alliant Insurance Services ...... 35 BioMed Realty Trust Inc...... 69 Colgate-Palmolive Co...... 12, 41 Elmhurst Hospital Center ...... 30 Glocap Search...... 45 Allied Beverage Group...... 4 Bio-Reference Laboratories Inc...... 17 Collective...... 9 Emigrant Bank...... 27 Golden Krust Caribbean Bakery & Grill...... 22 Ambac Financial Group Inc...... 17 BioScrip Inc...... 17 Colliers International ...... 66 Emirates Airlines ...... 70 Goldman Sachs Bank USA ...... 25 AMC Networks Inc...... 16, 41 BlackRock Inc...... 12, 40 Columbia Bank ...... 27 Empire BlueCross BlueShield ...... 32 Goldman Sachs Group Inc...... 12, 41 Amerex Group ...... 10 Blackstone Group ...... 14, 40 Columbia Business School ...... 62 Empire Office Inc...... 6 Good Samaritan Hospital ...... 30 American Airlines ...... 20, 70 Bloomberg Family Foundation ...... 36 Columbia Property Trust Inc...... 69 Empire State Bank ...... 26 Gotham Construction Co...... 67 American Express Co...... 12, 40 Bloomberg LP ...... 2 Columbia University ...... 20 Empire State Certified Development Corp...... 26 Goya Foods Inc...... 4, 21 American International Group Inc...... 12, 41 Blue Tee Corp...... 4 Community National Bank ...... 26 Empire State Realty Trust Inc...... 68, 69 Grand Central Partnership...... 64 American Museum of Natural History ...... 39 BNB Hana Bank ...... 26 Computer Generated Solutions Inc...... 9 Ennead Architects ...... 57 Grant Thornton ...... 47 Americon Construction Inc...... 10 BNY Mellon ...... 25 Condal Distributors Inc...... 21 Equity Residential ...... 69 Grassi & Co...... 47 Ammann & Whitney ...... 59 Bogota Savings Bank ...... 27 Connecticut Innovations ...... 28 Ergonomic Group Inc...... 9, 23 Great Atlantic & Pacific Tea...... 2 AmTrust Financial Services Inc...... 16 Boiling Springs Savings Bank ...... 27 Consolidated Edison Inc...... 12, 20 Ernst & Young ...... 47 Great Oaks Venture Capital...... 28 Anchin Block & Anchin ...... 47 Boston Properties Inc...... 66, 68, 69 Conti Group...... 67 Estée Lauder Cos...... 12, 40 Green Key Resources ...... 45 Andrew W. Mellon Foundation ...... 36 Bristol-Myers Squibb Co...... 12, 41 Continental Bank...... 26 Etihad Airways...... 70 Greycroft Partners ...... 28 Ann Inc...... 16, 41 British Airways...... 70 Continental Grain Co...... 4 Evercore Partners Inc...... 17, 42 Griffon Corp...... 16, 41 Annaly Capital Management Inc...... 15 Brixmor Property Group Inc...... 17, 69 Cooper Robertson & Partners...... 58 Execu Search Group ...... 45 Grow America Fund Inc...... 26 AOL Inc...... 16, 42 Broadridge Financial Solutions Inc...... 16 Copa Airlines...... 70 Executive HealthSearch Inc...... 46 GSA Office of Portfolio Management ...... 68 Aon Hewitt...... 34 Broadview Networks ...... 8 Coty Inc...... 15, 42 Extra Space Storage Inc...... 69 Guardian Service Industries Inc...... 10 Apollo Global Management...... 15 Bronx-Lebanon Hospital Center ...... 30, 44 Country Bank ...... 26 F Guardsmark...... 6 Apple Bank for Savings ...... 27 Brookfield Office Properties Inc...... 68 Court-Livingston-Schermerhorn ...... 65 Fairleigh Dickinson University’s Silberman H Apple-Metro Inc...... 10 Brookfield Property Partners ...... 66 CPXi...... 11 College of Business...... 62 Hackensack University Medical Center ...... 29, 43, 44 AppliancesConnection.com...... 10 Bryant Park Management Corp...... 65 Cravath Swaine & Moore ...... 60 Fairway Group Holdings Corp...... 17 Hain Celestial Group Inc...... 16, 40 AppNexus ...... 10 Buck Consultants at Xerox...... 34 Crestron Electronics Inc...... 4 Fedway Associates Inc. and Affiliates ...... 4 HAKS Engineers, Architects and Land Arcadis ...... 59 By Design ...... 21 Cross River Bank ...... 26 ff Venture Capital ...... 28 Surveyors ...... 11, 21, 59 Ares Capital Corp...... 17 C Crowe Horwath ...... 47 Fidelis Care New York ...... 32 Hana Small Business Lending Inc...... 26 Artech Information Systems ...... 21, 23 C.R. Bard Inc...... 16, 41 Crystal & Co...... 10, 34 Fifth Avenue ...... 64 Handy & Harman Ltd...... 17 Arthur J. Gallagher & Co...... 34 CA Inc...... 15 Crystal Window & Door Systems Ltd...... 22 Finnair ...... 70 Hanmi Bank ...... 26 74 | Crain’s New York Business | book of lists 2015 BOL_2015 INDEX _74-76.qxp 12/19/2014 4:58 PM Page 2 Harbinger Group Inc...... 15 JDRF International...... 39 Mack-Cali Realty Corp...... 69 New York & Company ...... 17 Piedmont Office Realty Trust Inc...... 69 Harbor Seafood Inc...... 8 JetBlue Airways Corp...... 15, 70 Macquarie Infrastructure Co...... 17 New York Business Development Corp ...... 26 Plaza Construction Corp...... 6, 67 Hardesty & Hanover ...... 59 Jetro Cash & Carry Enterprises ...... 4 Macy’s Inc...... 19 New York City Department of Education ...... 19 PNC Bank ...... 25, 26 Harold Levinson Associates Inc...... 4 Jewish Board of Family & Children’s Services Inc...... 39 Madison Avenue ...... 65 New York City Health and Hospitals Corp...... 19 Ponce De Leon Federal Bank ...... 27 Haven Savings Bank ...... 27 Jewish Communal Fund ...... 38 Madison Square Garden Co...... 16, 41 New York Community Bancorp Inc...... 16, 41 Port Authority of New York & New Jersey...... 68 Hay Group ...... 35 JLL ...... 66 Maimonides Medical Center...... 30, 44 New York Community Bank ...... 27, 39 Porter Airlines ...... 70 Hazen and Sawyer ...... 9, 59 John Wiley & Sons Inc...... 16 Manhattan Beer Distributors ...... 4 New York Hospital Queens ...... 30 Prager Metis International ...... 48 HDR...... 59 JPB Foundation ...... 36 Manufacturers and Traders Trust Co...... 25, 26 New York Institute of Technology’s Prestige Employee Administrators Inc...... 6 Healthfirst ...... 32 JPMorgan Asset Management...... 68 March of Dimes Foundation ...... 38 School of Management...... 63 Progressive Promotions Inc...... 24 HealthPlus Amerigroup ...... 32 JPMorgan Chase & Co...... 12, 25, 26, 19, 41 Marcum...... 47 New York Methodist Hospital ...... 30 Project Orbis International Inc...... 39 Hearst Corp...... 2 JRM Construction Management ...... 9 Margolin Winer & Evens ...... 48 New York REIT Inc...... 69 Prologis Inc...... 69 Heidrick & Struggles International Inc...... 45 Judlau Contracting Inc...... 67 Marks Paneth ...... 47 The New York Times Co...... 16 Promotion in Motion Cos...... 8 Henegan Construction Co...... 9, 23, 67 Juniper Communities...... 24 Marsh & McLennan Cos...... 12, 41 New York University ...... 20 Proskauer ...... 60 Henry Schein Inc...... 14, 42 JW Michaels & Co...... 45 Maspeth Federal Savings and Loan Association...... 27 New York University’s Leonard N. Stern Provident Bank ...... 27 Hertz Global Holdings Inc...... 12, 41 K MasterCard Inc...... 14, 41 School of Business ...... 62 Prudential Financial Inc...... 12, 41 Hess Corp...... 12, 41 Kasowitz Benson Torres & Friedman ...... 60 Max Kahan Inc...... 6 New York-Presbyterian Hospital ...... 19, 29, 43, 44 Public Health Solutions...... 39 Hines...... 66 Kate Spade & Co...... 17, 42 MBI Group...... 22 Newark Beth Israel Medical Center ...... 30 Public Service Enterprise Group Inc...... 12, 41 HIP Health Plan of New York ...... 32 Kaufman Organization...... 66 MBIA Inc...... 17 NewBank...... 26 Public Storage Inc...... 69 Hired by Matrix Inc...... 24 KCG Holdings Inc...... 17, 41 McGladrey...... 47 Newmark Grubb Knight Frank ...... 66 Publishers Clearing House...... 4 HLW International ...... 58 Kearny Federal Savings Bank ...... 27 McGraw Hill Financial Inc...... 15 Newmark Holdings ...... 68 PURE Insurance...... 8 HNTB New York Engineering and Architecture ...... 59 Kenzer Group...... 46 McKissack & McKissack ...... 11, 21, 23 News Corp...... 14 Putnam County Savings Bank...... 27 Hofstra University’s Frank G. Zarb Key Food Stores Co-Operative Inc...... 4 McMurry/TMG ...... 11 Newtek Small Business Finance ...... 26 PVH Corp...... 14 School of Business ...... 62 KeyBank ...... 26 McVeigh Associates Ltd...... 10 NFP ...... 34 PwC ...... 34, 47 HOK...... 57 Kimco Realty Corp...... 17, 69 Meadows Office Furniture Co...... 23 NK Architects...... 58 Q Home Properties Inc...... 69 Kind Healthy Snacks ...... 9 MediaMath ...... 8 Noah Bank ...... 26 Qantas Airways ...... 70 Horizon Media Inc...... 2 Kings County Hospital Center ...... 30 Mediaocean ...... 10 NoHo NY ...... 65 Qatar Airways ...... 70 Hospital for Special Surgery ...... 30 Kirkland & Ellis ...... 60 Medidata Solutions Inc...... 41 Nomorerack.com Inc...... 6 Quality King Distributors Inc...... 2 Howard-Sloan Professional Search ...... 45 KKR & Co...... 16, 40 Memorial Sloan Kettering Cancer Center..20, 29, 43, 44 North Jersey Media Group Inc...... 10 R HSBC Bank USA...... 25, 26 KLM...... 70 Mercer...... 34 North Shore University Hospital ...... 29, 44 Raich Ende Malter & Co...... 48 HUB International Northeast...... 35 Kohn Pedersen Fox Associates ...... 9, 57 Mercy College’s School of Business ...... 63 North Shore-Long Island Jewish Health System ....19, 43 Rallye Motors Holding ...... 4 Hudson City Bancorp Inc...... 16, 42 Korean Air ...... 70 MetLife Inc...... 12, 41 Northfield Bank...... 27 Ralph Lauren Corp...... 14, 40 Hudson City Savings Bank ...... 27 Koren Rogers Executive Search...... 46 MetroPlus Health Plan Inc...... 32 NorthStar Realty Finance Corp...... 17, 41 RCS Capital Corp...... 17 Hudson Global Inc...... 17 Korn/Ferry International ...... 45 Metropolitan Museum of Art ...... 38 NPD Group Inc...... 8 Red Apple Group Inc...... 2, 20 Hudson Realty Capital...... 8, 21 KPMG ...... 47 Metropolitan Opera Association ...... 38 NVE Bank ...... 27 Regeneron Pharmaceuticals Inc...... 16, 40 Hudson Square Connection ...... 65 Kramer Levin Naftalis & Frankel ...... 61 Metropolitan Transportation Authority ...... 19 NYU Hospitals Center ...... 43 Renco Group Inc...... 2 Hunter Group...... 48 Krasdale Foods Inc...... 4 MetroTech ...... 64 NYU Langone Medical Center ...... 20, 29 Republic First Bank ...... 26 Hunter Roberts Construction Group ...... 4, 67 L Milbank Tweed Hadley & McCloy ...... 61 O Revlon Inc...... 16 I L&L Holding Co...... 66, 68 Miller Druck Specialty Contracting Inc...... 24 Och-Ziff Capital Management Group...... 16, 40 Ridgestone Bank...... 26 IAC/InterActiveCorp...... 16 L-3 Communications Holdings Inc...... 12, 41 Milliman Inc...... 35 O’Connor Davies ...... 47 Ridgewood Savings Bank ...... 27 Iberia Airlines ...... 70 Lafayette 148 New York...... 10, 21 Mindlance ...... 11 Omnicom Group Inc...... 12, 41 Robert A.M. Stern Architects...... 57 IBEX Construction Co...... 9 LAN Airlines...... 70 Minerals Technologies Inc...... 17 Onco360...... 10 Robin Hood Foundation ...... 39 IBI Group-Gruzen Samton Architects, LAN Ecuador ...... 70 Mitchell Martin Inc...... 10 OpenLink Financial Inc...... 8 Rockefeller Foundation ...... 36 Engineers and Landscape Architects ...... 58 Langan Engineering, Environmental, Surveying and MKG ...... 22 Oppenheimer Holdings Inc...... 17 Rockefeller Group ...... 66, 68 Icahn Enterprises...... 12 Landscape Architecture ...... 9, 59 Modell’s Sporting Goods...... 4 Options Group...... 45 Ropes & Gray ...... 61 ICC Industries Inc...... 2 LargaVista Cos...... 22 Molloy College’s Business Division ...... 63 Oritani Bank ...... 27 Rosen Seymour Shapss Martin & Co...... 48 Icelandair ...... 70 Latham & Watkins...... 60 Monroe College’s King Graduate School...... 62 Oscar de la Renta ...... 10 RRE Ventures...... 28 ICP Inc...... 23 Lawrence Hospital Center ...... 43 Monster Worldwide Inc...... 17, 41 Outbrain ...... 10 Ruder Finn Inc...... 23 IDT Corp...... 16 Legal Aid Society...... 38 Montefiore Medical Center ...... 19, 29, 43, 44 Overseas Shipholding Group Inc...... 17 Rudin Management Co...... 66, 68 Imperial Bag & Paper Co...... 8 Lend Lease (U.S.) Construction LMB Inc...... 67 Moody’s Corp...... 16, 41 P Russell Reynolds Associates ...... 46 Indus American Bank ...... 26 Lenox Hill Hospital...... 30 Morgan Stanley ...... 12, 20, 41 P.C. Richard & Son ...... 4 Rutgers Business School...... 62 Infor...... 2 Leona M. and Harry B. Helmsley Charitable Trust...... 36 Morgan Stanley Private Bank ...... 25 Pace University’s Lubin School of Business ...... 62 RXR Realty...... 68 Information Builders ...... 8 Lerer Ventures ...... 28 Mount Sinai Beth Israel...... 29 Paige Electric Co...... 9 S Inserra Supermarkets Inc...... 4 Leucadia National Corp...... 12 Mount Sinai Health System...... 19 Pall Corp...... 16, 41 Safra National Bank of New York ...... 25 Institute of International Education ...... 38 Leukemia & Lymphoma Society Inc...... 38 Mount Sinai Hospital ...... 29, 43 Palladium Equity Partners...... 4, 21 Saint Peter’s University School of Business ...... 62 INSYS Group Inc...... 24 Lexington Realty Trust ...... 41 Mount Sinai St. Luke’s-Roosevelt ...... 29 Palm Bay International Inc...... 8 Sam Ash Music Corp...... 6 Intelligent Audit ...... 8 Liberty Maritime Corp...... 8 MSC Industrial Direct Co...... 16 Paramount Group Inc...... 66, 68 Samuel A. Ramirez & Co...... 22 International Business Machines Corp...... 12, 41 Lincoln Square ...... 64 MSCI Inc...... 17, 42 ParenteBeard ...... 48 Santander Bank ...... 25 International Flavors & Fragrances Inc...... 16, 41 LIU Brooklyn’s School of Business, Mueser Rutledge Consulting Engineers...... 59 Parsons ...... 59 SAS ...... 70 International Rescue Committee Inc...... 38 Public Administration and Information Sciences...... 63 Murray Hill Properties ...... 66 Parsons Brinckerhoff...... 59 Savin Engineers...... 22 Interpublic Group of Cos...... 14, 41 LIU Post’s College of Management ...... 63 Museum of Modern Art ...... 39 Paul Weiss Rifkind Wharton & Garrison ...... 60 SaxBST ...... 48 Investors Bank ...... 27 Live Oak Banking Co...... 26 N Pei Cobb Freed & Partners Architects...... 58 Scholastic Corp...... 16 Iona College’s Hagan School of Business...... 62 Loan Source ...... 26 Nasdaq OMX Group Inc...... 15, 41 People’s United Bank ...... 26, 27 Schulte Roth & Zabel ...... 61 Israel Discount Bank J Loren Communications International Ltd...... 10, 23 NBBJ ...... 57 Pfizer Inc...... 12, 41 The Segal Group ...... 34 Jack Resnick & Sons Inc...... 68 Lufthansa ...... 70 Nebraskaland Inc...... 6 Phelps Memorial Hospital Center ...... 44 Sentinel Benefits & Financial Group ...... 35 Jacobi Medical Center...... 30 M New Jersey Institute of Technology’s Philip Morris International ...... 12, 41 Seton Hall University’s Stillman School of Business ....63 Jamaica Center ...... 65 Macerich Co...... 69 School of Management...... 63 Pictorial Office Corp...... 24 Sharp Decisions Inc...... 24 book of lists 2015 | Crain’s New York Business | 75 BOL_2015 INDEX _74-76.qxp 12/19/2014 4:59 PM Page 3 INDEX TO THE 2015 BOOK OF LISTS Shawmut Design and Construction...... 67 St. Francis Hospital ...... 43 Tectonic Engineering & Surveying Consultants ...... 59 Union Square Partnership...... 64 Shearman & Sterling...... 61 St. John’s University’s Tobin College of Business ...... 62 Telx Group Inc...... 8 United Airlines...... 70 CRAIN’S Shevell Group of Cos...... 6 St. Joseph’s College’s Brooklyn Campus...... 63 Terminal Construction Corp...... 9, 67 United Midwest Savings Bank...... 26 NEW YORK BUSINESS Shinhan Bank America ...... 26 St. Joseph’s College’s Long Island Campus ...... 63 Thermwell Products Co...... 11 United Parcel Service Inc...... 20 editor in chief Rance Crain Sidley Austin ...... 60 St. Luke’s-Roosevelt Hospital Center...... 43 Thornton Tomasetti Inc...... 10, 59 United States Fund for UNICEF & Affiliate...... 38 publisher, vp Jill R. Kaplan Sigma Plastics Group ...... 4, 21 St. Luke’s-Roosevelt Hospital Center...... 44 Tiffany & Co...... 15, 42 United States Government ...... 19 EDITORIAL Signature Bank ...... 17, 25, 42 Standard Motor Products Inc...... 17 Time Warner Cable Inc...... 12, 41 UnitedHealthcare ...... 32 editor Glenn Coleman Silverstein Properties Inc...... 66, 68 Stantec ...... 59 Time Warner Inc...... 12, 40 Universal American Corp...... 16 managing editor Jeremy Smerd deputy managing editors Valerie Block, Simon Property Group Inc...... 69 Starr Foundation ...... 36 Times Square Alliance...... 64 Univision Communications Inc...... 4 Erik Ipsen Simons Foundation ...... 36 State of New York ...... 19 Tishman Construction, an AECOM company...... 67 Urstadt Biddle Properties Inc...... 69 assistant managing editors Barbara Benson, Erik Engquist Simpson Thacher & Bartlett ...... 60 Staten Island University Hospital ...... 30 Tishman Speyer ...... 66, 68 US Airways ...... 70 senior news producer Amanda Fung Singapore Airlines ...... 70 Stearns Bank...... 26 Torcon Inc...... 67 USI Insurance Services ...... 34 contributing editor Elaine Pofeldt columnists Greg David, Steve Hindy, Alair Townsend Sirina Fire Protection Corp...... 22 Steel Partners Holdings ...... 17 Tory Burch ...... 4 V senior reporters Theresa Agovino, Sirius Satellite Radio Inc...... 15 Stephen B. Jacobs Group ...... 57 Tough Mudder ...... 11 Valley Hospital...... 44 Aaron Elstein, Lisa Fickenscher, Matthew Flamm, Daniel Geiger, Adrianne Pasquarelli Sirius XM Radio Inc...... 40 Stephen-Bradford Search ...... 46 Touro College’s Graduate School of Business...... 63 Valley National Bank ...... 25 reporters Joe Anuta, Chris Bragg, Sirona Dental Systems Inc...... 17 Sterling Infosystems Inc...... 8 Tower Legal Solutions ...... 23 Verint Systems Inc...... 17 Andrew J. Hawkins, Irina Ivanova, Jonathan LaMantia, Thornton McEnery Skadden Arps Slate Meagher & Flom and Affiliates....60 Sterling National Bank ...... 25 Towers Watson & Co...... 15, 34, 42 Verisk Analytics Inc...... 16, 41 reporter/videographer Ken M. Christensen Skanska USA ...... 67 Steven Madden...... 16, 42 Trammo Inc...... 2 Verizon Communications Inc...... 12, 19, 41 news producer Emily Laermer web reporter/producer Nazish Dholakia Skidmore Owings & Merrill ...... 57 Stony Brook University’s College of Business ...... 62 TransPerfect ...... 6, 23 Viacom Inc...... 12, 40 art director Steven Krupinski SL Green Realty Corp...... 16, 41, 66, 68, 69 Structure Tone Organization ...... 2, 67 TravelClick ...... 8 Vice Media Inc...... 9 deputy art director Carolyn McClain staff photographer Buck Ennis SLCE Architects ...... 57 STV Group Inc...... 58, 59, 67 Travelers Cos...... 12, 41 Vicom Computer Services Inc...... 11 copy desk chief Steve Noveck SoftBank Capital...... 28 Sugar Foods Corp...... 6 Trinity Church Real Estate ...... 68 Village Alliance ...... 65 copy editor Thaddeus Rutkowski data editor Suzanne Panara SoHo Broadway...... 65 Sullivan & Cromwell ...... 60 Trump Organization ...... 2 Village Super Market Inc...... 16 researchers Jessica Kramer, Nicholas Wells Solomon-Page Group ...... 10, 45 Summit Security Services Inc...... 11 TTI of USA ...... 24 Vince Holding...... 41 ADVERTISING Sotheby’s...... 17, 42 SVAM International Inc...... 22 Tully Construction Co...... 4, 67 Virgin America ...... 70 advertising director Joanna Harp sales manager Irene Bar-Am South African Airways ...... 70 Sweet Construction Corp...... 11 Turkish Airlines...... 70 Virgin Atlantic ...... 70 senior account managers Southwest ...... 70 Swiss Internatonal Air Lines ...... 70 Turner Construction Co...... 67 The Viscusi Group ...... 45 Jill Bottomley Kunkes, Courtney McCombs, Rob Pierce Sovereign Bank ...... 26 Systemax Inc...... 15 Turtle & Hughes Inc...... 6, 23 Vista Food Exchange Inc...... 6 account managers Zita Doktor, Stuart Smilowitz Special Materials Co...... 9 T Tutor Perini Corp...... 67 Vitamin Shoppe Inc...... 17 sales coordinator LeAnn Richardson credit manager Jason Hogan (313-446-0353) Spector Group...... 57 TACA Airlines ...... 70 Twenty-First Century Fox Inc...... 12 Volt Information Sciences Inc...... 16 CUSTOM CONTENT, EVENTS AND PRODUCTION Spencer Savings Bank ...... 27 Take-Two Interactive Software Inc...... 17 U Vornado Realty Trust ...... 16, 41, 66, 68, 69 director of custom content Trish Henry Spencer Stuart ...... 45 Tam Brazilian Airlines ...... 70 UDR Inc...... 69 VOXX International Corp...... 17 director of audience & content partnership development Michael O’Connor Spirit Airlines ...... 70 Tanger Factory Outlet Centers Inc...... 69 UJA-Federation of Jewish Philanthropies Voya Financial ...... 14, 41 director of conferences & events Spirit of Texas Bank...... 26 Taubman Centers Inc...... 69 of New York Inc...... 38 W Courtney Williams events coordinator Adrienne Yee Spring Bank...... 26 TD Bank ...... 25, 26 Undertone ...... 9 W.P. 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of New York ...... 25 Lockton Northeast...... 34 Nathel & Nathel Inc...... 9 PepsiCo Inc...... 12, 41 Scientific Games Corp...... 17 ITT Corp...... 16, 42 Loews Corp...... 12, 42 National General Holdings Corp...... 17 Perkins Eastman ...... 57 SCO Family of Services ...... 38 Ivanhoé Cambridge Inc...... 68 Long Island Jewish Medical Center...... 29, 44 National Multiple Sclerosis Society ...... 38 Personal-Touch Home Care Inc...... 6 Sealed Air Corp...... 14, 41