Nobody Beats the Wiz

0 71486 01068 5 15 VOL. XXX,NO.15 by the large and loving family seatedaroundby thelargeandloving thetable. family Jemalseemedworshipped byhow Mr. wasmoststruck apart, had fallen who hadlosthisfatherasayoung manandwhosemarriage Brandt, Mr. But ness partner’s largehouseinBrooklyn’s neighborhood. Gravesend helpedprepare athisbusi- thefeast He wasimpressed servants thattwo Jemal’s ventures ayearearlier. Mr. in inheritance investing hisfamily hadstarted smugglers, down drug andchase hurricanes people after Jemal. Marvin Nobody co-founder Beatsthe Wiz the city’s mostsuccessfulretailers, someone whohadoncebeenoneof vited fordinneratthehomeof lot namedNelson wasin- Brandt pi- Guard U.S.Coast In late2006,a ELSTEIN BY AARON NEWSPAPER a r rnt whohelpedrescue Brandt, Mr. d t K

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e t e I KIDSonPage23 See WIZ a h y e P. 25 P. shops alegup consignment these give Louboutins like i s r and housingadvocates construction unions frightens developers, buildings overage50 Brewer bidtoprotect of thecity cover 80% freeze may Demolition the Landmarks Conservancy tosit Conservancy the Landmarks the RealEstateBoardofNew York and from up emailresponding toaquestion allowed inafollow- years,”Ms.Brewer it’s possiblewecouldgoolderthan50 data. accordingtocity Manhattan, city’s and91%ofthosein structures 80%ofthe tonearly ure wouldapply Themeas- building over 50yearsold. filedfora permit of anydemolition vation Commission Preser-Landmarks bythe day review would require a30- introduce that abill offered to She ture. such lossesinthefu- do more toprevent Brewer pledgedto President Gale hattan Borough whenMan- Street, store on West 57th book- Rizzoli razed likely-to-be- stately, protest outsidethe 4ata on April inthecity.struction residential con- curb ure coulddrastically themeas- affordable housingwhofear for unionsandadvocates construction butalsoamong powerful developers, notjustamong triggered abacklash York yearhas thatfacedemolitioneach thousands ofolderbuildingsinNew A politician’s proposal toprotect the BY JOEANUTA “We’ll seewhatweendupwith— “We’ll began The storm Crain’s. loans SBA Largest THE LIST See DEMOLITIONonPage24 She saidshehasinvited She APRIL 14-20, 2014 PRICE:$3.00 P. 17 of Finance Source: NYCDepartment 45,225 Staten Island 66,190 Bronx 272,020 Queens 233,828 Brooklyn 37,157 Manhattan 654,420 New York City total buildings percentage of and before 1965, ings constructed Number ofbuild- STRUCTURES AGING (40%) (79%) (87%) (88%) (91%) (80%) EDITOR’S NOTE

Box populi FYICRAINSNEWYORK.COM An appalling fact: Metro New York is home to 30 of the country’s 50 lowest-scoring hospitals in such medical metrics as hospital-borne Cuomo meets infections, patient-readmission a formidable foe rates and the quality of discharge Andrew Cuomo instructions for departing patients. ov. (right) is known as an extremely savvy Glenn Coleman The average wait time in an emergency room is 27 minutes in Gpolitical operator. But last week, at least, the governor more than met his

the U.S., 37 minutes in New York ap images state and 72 minutes in Brooklyn. Our typical equal in Southern District U.S. Attorney Preet Bharara hospital sucks, to use a nonclinical term, and a major (left). ¶ After Mr. Cuomo announced that he would disband the Moreland reason is that too many board members, executives, Commission—an investigative body he formed in 2013 to probe corruption in the Legislature— physicians, union chiefs and bureaucrats refuse to Mr. Bharara, who has built a reputation for pursuing Albany wrongdoing, said his office would The federal prosecutor did not even rule out looking into the actions of think outside the hulking boxes that have housed so take over outstanding cases. ¶ Mr. Cuomo much of the city’s health care delivery system for , whose administration is said to have interfered with Moreland probes that came too more than a century. Crain’s hosted a conference last close to the governor’s political allies (contentions the governor’s office denied last week). “People week on the financial challenges facing New York should take very, very seriously any suggestion that there was either influence or interference,” Mr. Mr. Bharara has proved deft at snaring corrupt New York hospitals. Our keynote speaker was private-equity Bharara said in a radio interview. ¶ lawmakers investor Adam Blumenthal of Manhattan-based , though many of those cases were built through informants and wiretaps sprung on Blue Wolf Capital Partners. He ingeniously likened unsuspecting politicians. ¶ Mr. Cuomo, who promised to clean up Albany during his 2010 run for matters to the U.S. steel industry of the 1970s, which governor, can’t be happy about an unexpected attack by a high-profile prosecutor during an struggled to transition from giant integrated mills election year. —chris bragg built in the Andrew Carnegie era to more responsive JUDGE ACCEPTS SAC’S GUILT. A fed- is plenty of competition, and the and economical mini-mills that now account for eral judge approved SAC Capital merger would not increase customer HOORAY! most of the steel production in this country. So, too, Advisors’guilty plea.Steven Cohen’s bills. … HEALTH CHIEFS DEPART. STEPHEN hedge fund will pay $1.8 billion to re- New York state Health Commis- COLBERT will must New York shift from general hospitals to succeed David networks of outpatient facilities. Consider those solve criminal and civil probes into sioner Dr. Nirav Shah is stepping Letterman as insider trading—the largest such down May 4 to join the Kaiser Foun- host of CBS’ Late lengthy Brooklyn waits: “Every time somebody’s settlement in history. SAC will be dation Health Plan in Southern Cal- Show, increasing the odds that the waiting in the emergency department for care, that is placed on probation for five years and ifornia.He had been in his post since program will demand,” Mr. Blumenthal said. It’s unmet demand, will employ a compliance consultant. 2011. Separately, Kathleen Sebelius, remain in New in about half the cases, for urgent yet nonemergency … DIMON’S BIG PAYDAY. JPMorgan the U.S.secretary of Health and Hu- York. Chase CEO Jamie Dimon was man Services, resigned. The former care that could be better delivered at clinics closer to awarded $20 million in compensa- Kansas governor oversaw the trou- ap images patients’ real lives, where the tab can be just 10% of tion last year, nearly double his 2012 bled rollout of Obamacare.President OY VEY! pay and the most of any banking Barack Obama’s budget chief, Sylvia what’s grotesquely overcharged though a hospital A WEB VIDEO ER.This was the model behind Blue Wolf ’s recent chief in New York City. Most of his Mathews Burwell, replaces her. … of a rat in a pay was in restricted shares, many of CITY COUNCIL BOOSTS SPENDING. crowded A bid, made with the Brooklyn Hospital Center, to which have not yet vested. Mean- The City Council plans to increase train, frightening restructure the failed Long Island College Hospital while, the bank said its fiscal 2015 budget commuters, campus.Their proposal lost out to a Pied Piper’s first-quarter profits ‘Is he going to by 10%,to $56.9 mil- went viral fell 19% on lower lion, six times the within hours collective whose top-scoring bid magically promises a fixed-income trading continue to be rate of inflation. The of its posting. “full-service hospital” on the Cobble Hill site. and mortgage rev- additional funds will Thinking inside the box, again. What a massive waste enue. JPMorgan was late? If he is, be used to draft more of community health care resources, as medically and the first bank to re- there’s no legislation, increase restaurateurs looking to dispute their port first-quarter the body’s oversight inspection reports. … ID IDEA. The morally wrong as it is economically indefensible. earnings. … COM- hope for him. and investigative City Council introduced a bill that CAST, TWC BAND TO- … If he is on functions, and ex- would allow undocumented immi- GETHER. Comcast pand individual dis- grants to obtain municipal ID cards THIS WEEK IN CRAIN’S and Time Warner time, then he’s trict offices. … they could use to access city services. Cable defended their RESTAURANT IN- It would be the largest such program IN THE BOROUGHS------3 $45 billion merger beginning to SPECTOR GADGETS. in the country. … J&R RECHARGES. IN THE MARKETS------4 last week before the become a City restaurant in- Consumer electronics retailer J&R Senate Judiciary REAL ESTATE DEALS ------5 spectors may be re- Music and Computer World will Committee, which manager’ quired to wear a find itself without a brick-and-mor- THE INSIDER ------6 questioned whether —Former Mayor Rudy camera—potentially tar store for the first time in its 43- OPINION ------10 the deal would bene- Giuliani, on Mayor Bill de the pricey Google year history. It closed its block-long Blasio’s chronic tardiness GREG DAVID------11 fit customers. Critics Glass—during in- string of shops on Park Row on April said the combined spections, according 10. J&R’s owners plan to redevelop REPORT------15 company would have nearly 40% of to a bill introduced last week by the site and open some sort of elec- GOTHAM GIGS CLASSIFIEDS ------20 the nation’s broadband market. A Councilman Vincent Ignizio. The tronics business in 2015. Comcast executive argued that there bill aims to level the playing field for Chad Freilino’s coffee shops NEW YORK, NEW YORK ------25 —emily laermer are airport oases. P. 8 SOURCE LUNCH------26 40 UNDER 40 CORRECTIONS (SEE PAGE 23) STORIES TO WATCH THIS WEEK VOL.XXX,NO.15, APRIL 14,2014—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. 4, Aug. 18 and Dec. 22, by Crain Communications Inc.,685Third Ave.,New York,NY 10017.Periodicals postage paid April 14: Pulitzer April 17: Goldman April 18: National April 20: at New York, N.Y., and additional mailing offices. Postmaster: Send address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, Prize winners are Sachs is expected to Archives releases High-frequency MI 48207-2912. for subscriber service: Call (877) 824-9379. Fax (313) 446-6777. $3.00 a copy, $99.95 one announced. report a 23% documents from trading firm Virtu year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2014 by Crain Communications Inc. All rights reserved. decline in 1Q Bill Clinton’s may begin earnings. administration. marketing its IPO.

2 | Crain’s New York Business | April 14, 2014 IN THE BOROUGHS QUEENS

JOHN ALSCHULER Woodside said his firm shares the mayor’s values and has a bent draws a toward public service. new crowd Lower property prices fuel influx of younger residents, retailers

BY KERRY MURTHA

Next stop, Woodside. Long known for nothing much in particular, this quiet, low-rise Queens neighborhood of mostly middle-class Irish residents is becoming a hot commodity for an increasingly common New York kind of refugee. “Younger folks are being priced out of more popular neighborhoods and are following the subway lines [deeper into the boroughs] to find affordable housing with an easy

buck ennis commute to the city,” said Michael Tortorici, vice president of Manhattan-based Ariel Property Advisors. “Woodside is part of a broader citywide trend.” The chosen consultancy Price hikes in newly trendy Queens neighborhoods like Long Island City and Astoria are sending HR&A Advisors is city’s ‘it’ firm, funneling alumni to top de Blasio administration posts young professionals streaming eastward into Woodside’s tree- hires with ties to HR&A Advisors, worked there briefly in the early to one of the firm’s partners, Jamie lined streets. There, apartment BY ANDREW J. HAWKINS a 30-year-old real estate and policy 1990s. Shola Olatoye, the mayor’s Torres Springer. rents are nearly 25% below those in advisory firm. pick to run the New York City If that weren’t enough to estab- Long Island City, which until re- Mayor Bill de Blasio has never Carl Weisbrod, his city plan- Housing Authority, was there for lish HR&A as the city’s “it” firm, cently was billed primarily as a named his favorite consultancy,but ning commissioner, was most re- more than seven years. And Small Alicia Glen this month pegged her cheap, convenient alternative to take a quick glance at his adminis- cently a partner at the firm. First Business Services Commissioner first speech as deputy mayor on a Manhattan. tration: He has made four major Deputy Mayor Anthony Shorris Maria Torres-Springer is married See CHOSEN on Page 24 See WOODSIDE on Page 14 ‘Social-impact bonds’ catch on STATS AND THE CITY by Nicholas Wells VROOM, VROOM: Thousands will pull up to the Javits Center April 18 for the 114th annual New York International Auto Show. The 10-day event will as philanthropic funding tool feature nearly 1,000 vehicles and more than 60 never-before-seen cars.

PORTION of 2013’s 1M total learned to forgive myself for what I’d Last December, New York intro- 1,001 attendees who were women Latest state budget done and others for hurting me.” duced the first state-led plan in the HORSEPOWER of the 40% earmarks $30 million Mr. Rivera’s therapy was paid for U.S. It also aims to keep ex-offenders Bugatti Veyron (pictured), by an unusual funding mechanism out of prison. The recently passed the most powerful car at the AMOUNT for expansion of the show this year. That’s more known as a social-impact bond—an state budget earmarked $30 million $263Mof economic investment vehicles innovation that’s becoming more for additional social bonds, and last than seven times that of the activity, in direct and indirect month the state announced that four 2013 Nissan NV200 taxi spending, generated by programs are under consideration for the 2013 Auto Show BY THERESA AGOVINO ‘We are paying funding. Three are slated to work with New York City residents. Since being released from prison for results, In a social bond, a government three months ago, Louis Rivera has agency sets goals to fix a problem,and found an apartment,landed a job and not just taps an outside expert to enlist a non- started applying for college. It’s a sea profit to meet the objectives and raise change for the 19-year-old, who was the process’ money from private and philanthrop- incarcerated for about two years for ic investors to fund the initiative.The FLOOR of the Empire State TOTAL attempted burglary and had a histo- government only repays investors if Building’s observation deck, , number ry of dealing drugs, running with a the program succeeds. If a program 86which will display a 2015 Ford 303of spots at 1,913939 Department of gang and stealing. He credits a ther- designed to reduce hospitalizations, Mustang during the show. Ford is Consumer Affairs-licensed parking apy program at Rikers Island provid- prevalent in New York social-service for example, achieves its goal, in- marking the car’s 50th anniversary facilities in the city ed by the Osborne Association and and philanthropic circles. An- vestors will be paid with the money Sources: New York International Auto Show, MotorWeek, Autoweek, NYC OpenData

Friends of Island Academy for help- nounced by the city in 2012, Rikers’ saved on patient care. bloomberg news ing him get his life on track. therapy program, aimed at reducing “These pay-for-success pro- “I realized that I could have a juvenile recidivism, was the nation’s grams make a lot of sense because ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY better life,” said Mr. Rivera. “I first social-bond initiative. See SOCIAL-IMPACT on Page 24

April 14, 2014 | Crain’s New York Business | 3 IN THE NYC law opposed by banks MARKETS expected to move forward by Aaron Elstein

quires the banks to provide detailed Want city’s deposits? information about their branch lo- Financial institutions cations, foreclosures and loan mod- ifications, among other data. must quantify efforts The information is to be published on the Department of to serve the poor Finance website and can be used for consideration by Mr. de Blasio, Mr. BY CHRIS BRAGG Jiha and Comptroller Scott Stringer, in deciding where to de- Now that Mayor Bill de Blasio has posit the city’s money.The law does appointed his finance commission- not require the city to move its de- er, a law passed two years ago forc- posits to higher-ranked banks. ing banks to publicize their efforts The policy is intended to en-

to help poor New Yorkers is on track office mayor nyc courtesy of courage banks to offer more servic- to take effect, advocates say. es in poor neighborhoods, and Mr. The Responsible Banking Act, Jacques Jiha’s de Blasio’s administration has sig- which was passed by the City Coun- naled that it intends to go forward. cil in 2012 over former Mayor appointment as In late March, the city’s Law De-

Michael Bloomberg’s veto,was nev- partment filed an amicus brief stat- istockphoto er implemented by Mr.Bloomberg’s finance chief ing it had changed its position on a administration, and supporters re- suit filed by the New York Bankers solved to wait for his successor. Un- signals city’s Association to overturn the law.The der Mr. de Blasio, the Department Bloomberg administration had sup- Vintners hope of Finance has yet to finish creating shift on the rule ported the lawsuit. The association a panel needed to carry out the law claims that state and federal laws by publishing an annual report on regulating banking prevent the city to cork wine glut how banks that take city deposits are from doing so, while supporters say meeting the credit needs of city the city law does not amount to reg- neighborhoods. ulation. t the second New York State Wine, Beer, Spirits and But the Department of Finance leadership in place, but we’re The de Blasio administration’s Cider Summit last week, Gov. Andrew Cuomo is now expected to do so with the ap- thrilled that they’re going forward amicus brief states that the city is announced he is dedicating $6 million to marketing pointment last week of Commis- with it,” Ms. Weisberg said. seeking vendors that will allow it to A sioner Jacques Jiha, according to The city currently invests its bil- implement the Responsible Bank- the state’s producers of wine and other fine adult beverages. Jaime Weisberg of the Association lions in cash deposits in some 30 ing Act. Hiring a contractor will Certainly it’s worth raising a glass to the high quality of for Neighborhood and Housing banks, which are chosen based on take some five and a half months, Finger Lakes Rieslings, but in truth these are challenging Development, a backer of the legis- their financial soundness. But the the brief states. A de Blasio spokes- times in the wine world. lation. “Mayor Bloomberg didn’t law, which came in the wake of the woman did not immediately return support it, and then you had new Occupy Wall Street movement, re- a request for comment. Ⅲ While blockbuster sales of ultra-expensive Bordeaux and Burgundy still make news, the bellwether Liv-Ex Fine Wine 100 Index has fallen by 31% since the summer of 2011. Auctioneers like Sotheby’s and Acker Merrall & Condit saw a FLATIRON / UNION SQUARE 15% drop in wine sales last year, according to Bloomberg FLAGSHIP 8,000 SF+ 3,800 SF MEZZ News. Constellation Brands, which sells Robert Mondavi and other affordable labels, said last who owns a winery in southern week that wine sales would grow in France called Chateau Maris. the low- to mid-single-digit range While Mr. Parker waits for sup- this year because of pricing pressures. ply and demand to balance out, he Simply put, there’s a glut of de- says he’s finding a growing audi- cent wine on the market—and ence for his wines,which have been New York is part of the reason. rated as high as 93 (out of 100) by During the past decade, grape har- leading trade publications and are vests in the state have grown by made without pesticides. 20%, according to the New York Making wine using traditional Wine & Grape Foundation, and in means has its challenges.It takes up just the past three years the number to seven years to get adequate yields of wineries has leaped by 30%. from vineyards accustomed to Relief may be on the way for boosts from man-made fertilizers, winemakers,though.Between 2008 Mr. Parker said. To prevent rabbits 915 Broadway, New York, NY - Southwest Corner of 21st Street & Broadway and 2011, regulators in Europe of- from devouring the fruit, his fered subsidies for farmers to grow chateau’s staffers trap the bunnies, Floor Area Frontage fewer grapes and drain the conti- liquefy them and spray the soupy Ground: 8,000 sf* 55 feet on Broadway nent’s “wine lake.” Sure enough, remains around the fields. The Mezzanine: 3,800 sf 95 feet on 21st Street wine production in France fell by smell keeps other rabbits away. *(Reasonable Divisions Considered) nearly 17% in 2012 and in Spain by Lest that approach to pest control 11%, according to the International put off ecologically aware New York Comments Organization of Vine and Wine. winemakers,Mr.Parker assured that r 50,346,490 subway riders in 2012 over twice the amount of Soho 1 “In 2016,the supply of wine will many of France’s top vintners also r 24% More foot traffic than Fifth Avenue 2 fall below demand for the first time grow grapes using earthy biodynam- r Soaring 19 ft ceilings and double height glass storefront since records have been kept,” said ic methods but aren’t keen to talk Kevin Parker r Close proximity to major subways , a former head of asset about it. “To a lot of them, it still management at Deutsche Bank sounds cuckoo,” he said. Ⅲ Contact Exclusive Broker: John Brod* Mark Tergesen* 212.400.9528 INCREASE in “active mobile 212.400.9521 customers” at JPMorgan Chase [email protected] 915 BROADWAY [email protected] 24%during the past year. In all, 1) Source: mta.info. 2) Findings from a study completed by BFJ Planning on Saturday October 26th, 2013 & Wednesday October 30th, 2013. Research was obtained from sources considered reliable but no representation is made by ABS 16.4 million customers visit their Chase accounts via Partners Real Estate LLC or any of its affiliates as to their completeness or accuracy. *Licensed RE Associate Broker, 915BWAY.COM All information is from sources deemed reliable but is subject to errors or omissions of any magnitude, withdrawal from their phones or tablets. A total of 35 million do so market, or changes in terms, all without notice. Brokers employment and payment only by written agreement.

istockphoto online, a 9% gain over last year.

4 | Crain’s New York Business | April 14, 2014 REAL ESTATE DEALS

Previously scattered across several of a broader building improvement BARE BONES spaces throughout the building,Fact- that could cost $30 million or more. Vornado does it Set will consolidate on three full Vornado, in partnership with SL 1250 WATERS PLACE, floors—7,10 and 11—under the new Green, also is spending millions re- BRONX lease. All told, the tenant will have constructing a new lobby at 280 Park Ave. ASKING RENT; TERM: $45 again at 90 Park about 102,000 square feet. FactSet That soon-to-be-completed per square foot; 10 years committed to the space for 15 years project features a two-story, glass- for rents in the $60s per square foot. clad entrance that is now one of the SQUARE FEET: 1,500 wo years ago, the city’s second-largest landlord, Vornado Real- Glen Weiss, Vornado’s New York most eye-catching portals on the av- TENANT; REPS: Dunkin’ ty Trust, was facing large vacancies at 1290 Sixth Ave. It reacted director of leasing, said the landlord enue and has generated leasing buzz. Donuts; Daniel McVeigh and Kathy Zamechansky of KZA by installing a grand, multimillion-dollar lobby clad in white has been better able to hold onto the Joe Cabrera, a broker formerly at Realty Group marble, along with other, less visible improvements. In the tenants it has, while also attracting Cushman & Wakefield who recently LANDLORD; REPS: Simone months that followed, it leased the bulk of the empty space. new firms to fill the building’s empty joined Colliers International, repre- Development; in-house representation TNow Vornado is employing a similar strategy at another midtown office space, now that it has begun a major sented FactSet in the deal.Mr.Weiss’ by Josh Gopan and Joseph Kelleher tower it owns, 90 Park Ave., and achieving similar results. FactSet Research, internal renovation of the property. leasing team at Vornado, including BACK STORY: The national coffee a financial-data firm,has renewed its lease at the 41-story,1 million-square- Just as it did with 1290 Sixth executives Josh Glick and Andrew chain will take retail space in one of the foot building, which takes up the entire block-front between East 39th and Ave., Vornado is doing a lobby re- Ackerman, represented the landlord Hutchinson Metro Center’s two newest East 40th streets. furbishment at 90 Park Ave. as part in-house. —daniel geiger buildings.

douglas elliman real estate douglas elliman real WORK DOESN’T STOP Med clinic corners more Harlem space JUST BECAUSE THE A medical clinic recently expanded its footprint by 50%,to 3,700 square feet, on the ground floor of 345 W. BATTERY DOES. 145th St., at the corner of Edge- combe Avenue. The deal is just the Just because you remembered to bring your phone doesn’t mean you latest in a series by a retail brokerage remembered to charge it. That’s why we’ve put a USB port at every team that has done much to upgrade seat on every long-haul international ﬂ ight, so it can stay powered for the retail tenants along a block in the historic Sugar Hill section of the whole trip. Because when it comes to power, why let a little thing Harlem. like 30,000 feet stand in the way? In the latest transaction, Sugar Hill Medical Plaza signed on for 15 #KEEPCLIMBINGNY years at the base of Hillview Towers, a midcentury, 236-unit co-op apartment building,where the retail rent was $120 per square foot.That price is one of the highest retail rents in the area, according to Dou- glas Elliman’s Faith Hope Consolo. “It’s a great location,” said Ms. Consolo, who represented both the tenant and the co-op along with col- league Joseph Aquino. “The corner gives them visibility from both sides.” The medical facility, which is connected with several major hospitals in the area, already had 2,200 square feet in the middle of the block along West 145th Street. Business was good enough that the tenant not only renewed its lease, but added more than 1,500 square feet by taking over the next-door corner unit in the property, in a move that Ms. Consolo said de- lighted the co-op’s board. The Douglas Elliman team had been commissioned a few years ago by Hillview Towers to spruce up the retail in the building, which Ms. Consolo did by boosting the quality of many of the ground-floor tenants. Among other things, the team USB cords not included. swapped out a down-market liquor shop for a higher-end wine store. Sugar Hill Medical Plaza plans to open its expanded space this fall. —joe anuta

April 14, 2014 | Crain’s New York Business | 5 THE Firms bid to fill tech jobs gap INSIDER By Chris Bragg and Erik Engquist Flatiron School, investment company run by Tisch family scion David Tisch—and an- Calif. recruiting biz gel investors. boost NY efforts About 150 students have graduated from Flatiron’s $12,000 12- week courses in iOS coding and Web BY MATTHEW FLAMM development since October 2012. Graduates have ranged in age from The Flatiron School, which aims to 19 to 48, and included investment fill a gap in computer-science edu- bankers and construction workers. cation by teaching novices how to The curriculum is developed code, is moving onto the next stage with feedback from employers.That in its own development. The two- arrangement has helped Flatiron year-old startup announced last place nearly 100% of its graduates in week that it had raised $5.5 million jobs,according to Mr.Enbar.The fi- in its first funding round. nancing round is part of a plan for The news came just as San maintaining that success rate while Francisco-based tech recruiting the school improves on its model. newscom; istock; ap images service Hired announced that it was “Most companies get to a point open for business in New York. The THE FLATIRON SCHOOL announced it had where they raise money to speed up The mayor’s next 100 days company offers a “curated,two-sided raised $5.5 million in its first funding round. growth,”Mr.Enbar said.“We’re rais- auction marketplace”—that is,it vets ing money to slow down, so we don’t ne hundred days into his mayoralty, Bill de Blasio both engineers and the firms that have to grow by admitting thousands last week delivered what he had billed as a major want to hire them—as one solution ‘We’re spending of students, but can actually invest in speech. Yet media accounts of his remarks harped to the same problem that Flatiron is infrastructure and software and O addressing: filling the increasing teacher training in order to develop on the mayor for saying little about anything new that he number of tech-related job openings. a lot of time better educational programs.” will be doing in the next 100 days. Lower Manhattan-based Flat- Mr. Enbar added that the school It is likely, though, that Mr. de Blasio in the spring iron will use its new financing to im- thinking about is looking for solutions to a common prove teacher training and teaching problem nationwide: a shortage of and early summer will venture beyond his beloved methods, and “continue building a how we can computer-science teachers. prekindergarten expansion, which after three months has credible alternative to traditional recruit the best “What we’ve realized is that tak- begun to wear out listeners. Pre-K fatigue was evident this higher education,” according to last ing a programmer and turning them month when he crashed Deputy Mayor Alicia Glen’s speech week’s announcement. The for- into a teacher is way harder than tak- profit school has placed newly mint- teachers we can’ ing a teacher and teaching them about technology: He received polite applause rather than ed programmers at firms ranging how to code,” he said. “We are the standing ovation a similar audience had given him last from The New York Times to startups spending a lot of time thinking fall, and then stultified the gathering with his umpteenth Venmo and Artsy,at salaries ranging about how we can recruit and train from $70,000 to more than the best teachers we can.” pre-K stump speech. $100,000, said co-founder and blue-chip venture-capital firms Hired also has ambitious plans Affordable housing, traffic safety, Sandy recovery and city President Adam Enbar. CRV and Matrix Partners, and in- for New York—and for presenting spending figure to increasingly dominate his agenda in the The investment round was led by cluded BoxGroup—a seed-stage See TECH TALENT on Page 22 coming weeks. His housing policy is slated to be unveiled May 1, and the city’s fiscal plan must be done by July 1.

rd By that point, insiders say, Mr. fund the pre-K plan and by a fight 3 Annual de Blasio will need to have resolved over charter schools. Join Crain’s as we explore growth most of 150 outstanding municipal One priority will be attempting labor contracts, lest the issue be to get the Legislature to allow the opportunities in commercial and pushed back another year. “In the city to add cameras to catch speed- next 100 days, he’s got to settle the ing motorists, a key part of the REAL ESTATE residential real estate from midtown Doug Muzzio labor contracts,” said ,a mayor’s plan to eliminate traffic Baruch College political-science deaths. to downtown Manhattan to Flushing professor.“Delay that, and he’s go- Mr. de Blasio also will focus on and downtown Brooklyn. ing to tick off a lot of the work- priorities he and the like-minded CONFERENCE force. It’s got to be the No. 1, 2 and City Council can control. That 3 priorities.” could include expanding “living WHAT’S REALLY DRIVING THE MARKET? Mr.de Blasio also would do well wage” mandates at city-subsidized to focus on helping residents af- projects and codifying greater re- fected by Superstorm Sandy, who quirements for affordable housing have gotten little assistance from in new developments. OPENING KEYNOTE: To be announced. city government. Near the end of “The key over the next 100 days his speech, the mayor did note that will be setting and reaching PANEL DISCUSSIONS: he was directing $100 million in winnable goals on issues, like > MIDTOWN VS. DOWNTOWN: > OPPORTUNITY KNOCKS IN THE federal funds—that had been slat- wages and housing, that are both THE BATTLE FOR CORPORATE OFFICE USERS OUTER BOROUGHS ed to go elsewhere—toward recov- brand issues for him and popular Marty Burger, Chief Executive Officer, Silverstein Properties, Inc. Seth Pinsky, Executive Vice President, RXR Realty ery, and that he had put a leader- with voters,”said Democratic con- Isaac Zion, Co-Chief Investment Officer, SL Green Realty Corp. Joshua Zegen, Co-Founder, Managing Member, ship team in place.He pledged that sultant Evan Thies. Madison Realty Capital every home destroyed by Sandy But one liberal housing group’s Additional panelists to be confirmed. would be rebuilt.“He’s got to move most optimistic forecast of the quickly and decisively there,” said mayor’s forthcoming inclusionary- TUESDAY, JUNE 17, 2014 Mr. Muzzio.“It’s symbolic, and it’s zoning plan estimated it would JW Marriott Essex House a real litmus test.” produce 32,000 affordable units, REGISTER TODAY: Two months also remain in the just 16% of the mayor’s goal, un- 160 Central Park South crainsnewyork.com/events-realestate2014 legislative session in Albany. Dur- derscoring that Mr. de Blasio will Networking Breakfast: 8:00a.m. - 8:30a.m. ing his first 100 days,Mr.de Blasio need money to make good on his Program: 8:30a.m. - 12:00p.m. For more information, contact Adrienne Yee at 212-210-0739 or was bruised by Gov. Andrew Cuomo’s promises. Said Mr. Thies, “It’s all [email protected] refusal to pass a dedicated tax to about the budget.” Ⅲ

Gold Sponsor: Supporting Partner: $49,402 Doormen’s average salary (not including tips) in 2018 under a new deal For sponsorship information, contact Cynthia Hutchinson at 212-210-0145 or [email protected] between landlords and union 32BJ SEIU

6 | Crain’s New York Business | April 14, 2014 Love Your Company?

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EXECUTIVE MOVES

Opera Solutions: Bernhard Nann,52, joined the data analytics company as chief executive. He was formerly chief technology officer at Fair Isaac Corp. BlackRock Inc.: Rob Goldstein, 40, was promoted to chief operating officer at the asset-management firm. He was previously senior managing director and head of institutional client business. Topps Co.: John Mueller, 51, joined the trading-card and entertainment company as chief financial officer. He was previously chief financial officer at XO Group. AOL: William Pence, 51, joined the digital-media company as global chief technology officer. He was previously chief operating officer at WebMD. NYC Economic Development Corp.: Michael Schlein, 53, joined the city agency’s board as chairman. He is chief executive at Accion. JPMorgan Chase & Co.: Michael Haberman, 43, joined the financial- services firm as head of the Northeast region for the JPMorgan Chase HIS CUPS RUNNETH Foundation. He was previously OVER: Chad president at Pencil. Freilino’s baristas KPMG: John Cassil, 50, joined the pour out 9,000 audit, tax and advisory services firm as coffees a day principal. He was previously president at LaGuardia at Arise Consulting. (pictured), JFK and Gilbane Building Co.: other airports. Ian Walby,51, joined the construction and buck ennis program- management GOTHAM GIGS company as senior project executive. He was previously general superintendent at Lend Lease. Carlton Group: Navish Chawla,32, joined the real estate investment- Not the same old grind banking firm as chief investment officer. He was previously portfolio asset manager at Madison International Realty. Chad Freilino’s specialty coffees perk up fliers Bob Hasan, 49, joined as senior vice president of asset management. He Chad Freilino parlayed his degree in chemistry Freilino’s baristas are required to serve customers was previously senior asset manager at ‘Customers GE Capital Real Estate. from Bucknell University into a career making within 90 seconds of an order being placed. “Most Rebekah Flig, 33, joined as director of come after specialty coffees. Bean acidity, water filtration, of our customers come to us after they’ve just marketing and public relations. She was formerly vice president of they’ve just coffee-ground coarseness:These are just some of gone through security, and they might be agitated business development at Mission the granular details needed for his job as director from the experience,” Mr. Freilino said. “It’s an Capital Advisors. Marketing Werks: gone of coffee for OTG, which operates restaurants, urgent environment, so we have to be fast.” ¶ Julie Schweigert,37, bars and cafés at LaGuardia, JFK and eight other After college, Mr. Freilino moved to Portland, was promoted to through airports. ¶ Mr. Freilino, 30, oversees a brew crew Ore., where he worked for coffee roaster Caffe senior vice president of client security, of 60 who churn out 9,000 cups of java a day at Vita buying sustainably grown beans directly service at the the 10 airport cafés. “Our baristas have to learn from farms. His most formative experience was consumer- and they engagement firm. about the origin of the beans, their brewing style, developing and teaching a barista training She was previously whether we are using paper or metal mesh or program with a nonprofit that helps homeless vice president of client service. might be Turner Construction Co.: Charles perforated mesh, and how to adjust the coarseness kids. By the time he left Portland for New York, Avolio, 49, was promoted to vice agitated’ of the beans we are grinding,” Mr. Freilino said. ¶ he had trained nearly 100 teens. ¶ “I feel like I president and general manager at the OTG hired Mr. Freilino in 2011 to develop a learned way more than the kids did,” he said. construction-management firm. He was previously vice president and coffee program to beat Starbucks and Dunkin’ “That experience translates well into how the operations manager. Donuts at the airports where OTG runs some coffee industry touches so many lives, including Tom Stachowiak, 58, was promoted to vice president and general manager. 200 sit-down restaurants and its WorldBean the farmers who grow the coffee.” He was previously vice president and cafés, which have grown 30% since 2012. ¶ Mr. —lisa fickenscher operations manager.

8 | Crain’s New York Business | April 14, 2014 Chris Zegler, 53, was promoted to vice president and general manager. He was CORPORATE LADDER previously vice president and operations manager. STV: Christopher Cerino, 41, was promoted to vice president at the engineering and EDUCATING FUTURE BUSINESS LEADERS architectural firm. He will continue as ROBERT CHERSI, who graduated from the Lubin School of Business at Pace University 30 years ago, is coming full circle. In structural-engineering director. March, he became the executive director of the school’s Center for Global Governance, Reporting and Regulation. The school Vinny Kissoon, 49, was promoted to vice was established in 2012 to prepare future business leaders for the global regulatory labyrinth that has become more onerous president. He was previously chief estimator in the construction since the financial meltdown of 2008. management division’s controls group. Mr. Chersi will grow its flagship Certified Compliance and Regulatory Professional program for financial auditors, lawyers, Michael Tumulty, 56, was promoted to consultants and executives, especially those in risk management. Mr. Chersi cites the Dodd-Frank act, which numbers 828 vice president. He was previously senior pages, as evidence of the increasing complexity of financial regulations. Because the statute makes provisions for additional associate. red tape, the rule-making is far from over. “We want to be responsive to the needs out there, which are changing as the Food & Wine: Alex Vallis, 30, was industry changes,” said Mr. Chersi, 52. “The financial industry is arguably more regulated than ever.” promoted to digital director of the John Alan James magazine. She was previously digital Formerly the chief financial officer of Fidelity Investments, Mr. Chersi succeeds , the center’s inaugural features editor. executive director, who will become chairman emeritus of the center. “The understanding from the outset was that one of my James Maikowski, 30, was promoted to first responsibilities was to find my successor,” said Mr. James. “I consider him to be a godsend.” —NAZISH DHOLAKIA art director. He was previously associate art director. Rudin Management Co.: Kevin Daly,42, joined the real estate company as vice president of commercial leasing. He was previously senior director at Cushman & Wakefield. SHOW TRANSACTION FEES Tradition Energy: Robert Kane, 53, joined the energy-management firm as energy adviser. He was previously senior business-development manager at Reflective Energy Solutions. Spector Group: Brad Blythe, 51, joined the architecture firm as senior designer. He was previously senior project designer and associate at Swanke YOU MEAN Hayden Connell Architects. Anthony Campusano, 33, joined as a senior architect. He was previously an associate at Sawyer | Berson. David Beauchamp III, 32, joined as a project architect. He was previously a project manager at TPG Architecture. Sharif Anous, 23, joined as a junior architect. He was previously a junior BUSINESS architect at SLO Architecture. Marks Paneth: Christopher Cacace, 53, was promoted to partner in charge of the theater, media and entertainment group at the accounting firm. He was previously a partner. Starr Whitehouse Landscape Architects and Planners: Wendy Andringa, 46, was promoted to associate at the architecture firm. She was previously senior designer. Holwell Shuster & Goldberg: John DiMatteo, 53, joined the law firm as a partner. He was previously a partner at Willkie Farr & Gallagher. Fox Rothschild: Mitchel Hill, 46, joined the law firm as a partner. He was previously a partner at Seyfarth Shaw. Hoffmann Architects: Bradley Carmichael, 31, was promoted to senior engineer. He was previously project engineer. Collective: Allyse Slocum, 27, joined the advertising agency as director of product marketing. She was previously product- marketing and customer-intelligence manager at Yodle. Park Central Hotel New York: Jasmin SM Acevedo, 39, joined as director of business- EMPLOY SPARK UNLIMITED BUSINESS CHECKING travel sales. She was previously area sales manager for Morgans Hotel Group. —nazish dholakia Switch today and get unlimited transactions so you never pay extra for doing more business. Visit your local branch EXECUTIVE PROMOTIONS or capitalonebank.com/sparkbusiness. The fastest way to get an announcement into Crain’s is to submit online. Fill out the form A $250 minimum account opening deposit is required. Additional terms, conditions and eligibility standards apply. at www.crainsnewyork.com/section/ executive_moves. The Executive Moves column Visit a branch to get details and see if this account ﬁts your business. Capital One, N.A., Member FDIC. is also available online.

April 14, 2014 | Crain’s New York Business | 9 OPINION CRAIN’S NEW YORK BUSINESS

New WTC deal is a good one editor in chief Rance Crain publisher, vp Jill R. Kaplan he Port Authority board faces a huge Rather, it is the only deal the developer can make to EDITORIAL editor Glenn Coleman decision at its April 23 meeting: whether complete the project on time and secure the legacy of its managing editor Jeremy Smerd deputy managing editors Valerie Block, to alter its agreement with Silverstein principal, 82-year-old Larry Silverstein. And the Port Erik Ipsen Properties for the construction of 3 World Authority is now poised to realize big benefits. assistant managing editors Barbara Benson, Erik Engquist Trade Center. Naysayers charge that The new bonds, backed by the right to foreclose, would senior news producer Amanda Fung Silverstein is asking for a better deal than replace $200 million in riskier financing that the agency contributing editor Elaine Pofeldt columnists Greg David, Steve Hindy, Alair Townsend it got in 2010, when the authority, city and signed on for under the 2010 deal.The authority would also senior reporters Theresa Agovino, reap $329 million in cash. And the influx of tenants would Aaron Elstein, Lisa Fickenscher, Matthew Flamm, state provided $390 million in backstop financing.They also Daniel Geiger, Adrianne Pasquarelli warn that the authority is deviating from its core duty of increase ridership on its money-losing PATH system and reporters Joseph Anuta, Chris Bragg, T Andrew J. Hawkins, Irina Ivanova, Thornton McEnery maintaining the area’s transportation infrastructure. sales at new retail developments tied to the trade center and reporter/videographer Ken M. Christensen But the renegotiated deal now ready for a board vote transit hub.The Port Authority would become more able, news producer Emily Laermer web producer would not impair the Port Authority’s ability to carry out not less, to fulfill its Nazish Dholakia that mission—and even may improve it. mission of investing in art director Steven Krupinski A chance for the deputy art director Carolyn McClain Here’s the quandary: Despite recently finding an anchor the region’s bridges, staff photographer Buck Ennis private-sector tenant to occupy 515,000 square feet in the Port Authority to tunnels and other copy desk chief Steve Noveck copy editor Thaddeus Rutkowski skyscraper, Silverstein can’t get a construction loan to erect transportation data editor Suzanne Panara the 80-story tower. So the developer wants authority strengthen itself infrastructure. researchers Malik Singleton, Nicholas Wells backing for $1.2 billion in tax-exempt bonds to help finance and downtown Fears that 3 WTC ADVERTISING, MARKETING AND PRODUCTION sales manager Irene Bar-Am the speculative office building. would create a glut of senior account managers Jill Bottomley Kunkes, Courtney McCombs, The Port Authority would gain the right to foreclose on office space, depressing Suzanne Wilson the 3 WTC property within 90 days if Silverstein defaults. rents at the complex, director of custom content Trish Henry account executive Lauren Black That is no small benefit, as the agency would get a $2 billion are overblown. Leasing sales coordinator Cynthia Hutchinson asset for half-price. Silverstein also would have to secure activity downtown is heating up. And tenants would not events coordinator & scheduler Alexis Sinclair $450 million in private financing, up from $300 million in occupy the tower before 2019, by which time the authority’s credit Todd J. Masura (313-446-6097) the current deal; those investors would further encourage the signature building, 1 World Trade Center, should be full. director of audience & content partnership development Michael O’Connor developer to fill the tower rather than continue holding out By approving the deal at its board meeting next week, the senior marketing manager Catherine Schutten for sky-high rents at the World Trade Center complex. Port Authority would strengthen its financial position and director of conferences & events This is hardly a better deal for Silverstein Properties. enhance the promising future of lower Manhattan. Courtney Williams reprint sales manager Lauren Melesio production and pre-press director Simone Pryce advertising production manager CRAIN’S ONLINE POLL COMMENTS Suzanne Fleischman Wies ONLINE AND INTERACTIVE SERVICES general manager Rosemary Maggiore web developer & digital sales Elephants in the room strategist Chris Tumminello TO SUBSCRIBE: For print and digital subscriptions or customer BAN IVORY SALES on ivory sales.The support cuts into the paper. Good for Mr. service, e-mail [email protected] across all demographic groups Brown for not rising to the bait, or call 877-824-9379 (in the U.S. and Canada) or After passing a state budget and political affiliations. Let’s and stating: “Is asking the 313-446-0450 (all other locations). $3.00 a copy for the print edition; or $ one year, $ two ap images (The Insider, April 7), our get this done this year and help citizens of New York whether 99.95 179.95 years, for print subscriptions with digital access. Albany leaders have several save these extraordinary animals historic districts should be www.crainsnewyork.com/subscribe HOW DO YOU RATE other critical issues remaining before it’s too late. removed so there can be more BILL DE BLASIO’S before them in the current leg- —john f.calvelli housing a good question? I don’t TO ADVERTISE: islative season—including one Executive VP for public affairs think it is.” I wish that Crain’s Contact Irene Bar-Am at FIRST 100 DAYS IN OFFICE? [email protected] or call 212-210-0133. that, surprisingly, is about a Wildlife Conservation Society felt the same way. www.crainsnewyork.com/advertise I approve. In a short time, Mr. de Blasio crime occurring both in our —simeon bankoff state and in Africa. Executive director FOR INFORMATION ON OUR EVENTS: has managed to secure funds for free THERE IS SUCH A THING Contact Courtney Williams at prekindergarten, and he is trying to make In February, Assemblyman AS A BAD QUESTION Historic Districts Council [email protected] or 212-210-0257. the city better for all its residents. Robert K. Sweeney introduced www.crainsnewyork.com/events a bill (A. 8824) to ban the sale Why ask Lance Jay Brown, the A BURDEN ON BUSINESS I disapprove. The mayor botched the charter- of ivory. Studies have indicated president of the American TO CONTACT THE NEWSROOM: school debate, wants to ban carriage horses that the U.S. is the second- Institute of Architects’ New Re “Without rules, sick-leave 685 Third Ave., New York, NY 10017-4024 and will eventually run this city into the ground editorial phone: 212.210.0277 largest commercial ivory York chapter, “Do you think we law leaves biz in dark” (Crains fax 212.210.0799 with his liberal policies. market after China, and New should reconsider some of the NewYork.com): This new law, Entire contents ©copyright 2014 Crain Communications Inc. Date of poll: April 9 York City serves as one of the landmarking that’s been done?” however ambiguous, affects me All rights reserved. ®CityBusiness is a registered trademark 194 votes largest sales hubs. Perhaps that (“Architect searches globe for as a small business owner. I can’t of MCP Inc., used under license agreement. is why New York voters new ideas,” April 7.) Why not help but wonder if the annual CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS recognize our state needs to ask him how the building revenue and profitability of chairman Keith E. Crain discourage this trade, which is industry is going to provide the businesses were considered at president Rance Crain 26% treasurer Mary Kay Crain Approve responsible for the loss of an 200,000 units of affordable all when structuring the law. Cindi Crain estimated 35,000 elephants housing sought by the de It’s difficult enough to grow executive vp, operations William Morrow globally each year. Forest Blasio administration, a a small business in New York executive vp, director of strategic elephants could go extinct question with more relevance City, where the cost of every operations Chris Crain 74% within 10 years. to practicing architects? additional hire presents a risky senior vp, group publisher David Klein Disapprove A new poll indicates that Instead there is a journalistic balance to maintaining the vp/production, manufacturing David Kamis more than 80% of New Yorkers overreach to shoehorn a biased profitability required to justify chief information officer Anthony DiPonio favor a permanent statewide ban commentary on landmarking See COMMENTS on Page 12 founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) secretary Merrilee Crain (1942-2012) FOR THIS WEEK’S QUESTIONS: CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send columns of 475 Go to www.crainsnewyork.com/poll to have your say. words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number.

10 | Crain’s New York Business | April 14, 2014 STEVE HINDY let us delay payment of $100,000. Milton Glaser,the legendary designer of the I ࡖ NY logo, became our designer because he liked us and Here’s what business Retailers Wholesalers Restaurants Hotels Oil Dealers Social Services our audacious plan to start a brewery in New York.Milton has become is really all about my most trusted adviser. He has a great knowledge and affection for the city of New York. And having co-founded New York magazine, was a journalist for 15 years before starting Brooklyn and watched businesses come and Read Adam Friedlander’s go over the past 50 years, he has a Brewery in 1988 with my neighbor Tom Potter,a banker How to $ave Big on Workers’ Compensation with an M.B.A. I had no business experience beyond nose for opportunity. Similarly,there were many retail- winning some sales contests when I was a teenager;Tom ers who believed in us and in our first Call To Save Today didn’t have much more than that. beer, Brooklyn Lager. In 1988, no Many people think business is about counting nickels and one had ever heard of “craft beer.” Despite the strong flavor of that I Adam Friedlander • 800-394-7004, ext. 206 • [email protected] dimes and studying balance sheets and profit-and-loss state- beer, the import pricing and the lack www.friedlandergroup.com • www.howtosavebigonworkerscomp.com ments. And it is. You must have a credible business plan with of advertising, these retailers fea- tured it. People like Joe Marino at *Underwritten by the NYS Insurance Fund, 199 Church St., NY, NY 10007 financial projections, and you must has become. What really has sur- American Beer and Felice, and be accountable to yourself and your prised me about our business is the Glenn Kirby and the late Eddie Associate Commissioner – Public Buildings/Client Programs investors. But business is about extent to which it has depended on Doyle at Teddy’s Bar and Grill, Joe The NYC Department of Design and Construction, the City Agency tasked to reconstruct/rehab City- much more than that. When Tom personal relationships and trust. McFeeley at Santa Fe Grill and owned buildings, seeks an Associate Commissioner for Public Buildings - Client Programs (Libraries, and I started raising money,most in- We endured many tough times in Buzzy O’Keefe at the River Café and Cultural Facilities, Police, Fire, Health and Human Services, Transportation, Sanitation, PlaNYC, Courts, Correctional Facilities, Environmental Protection, Parks, Pass-throughs/Grants). Reporting to the Deputy vestors asked good questions about our first 15 years. Occasionally, our the Water Club. They pushed Commissioner, the selected candidate will oversee the project management of the division’s portfolio, working in coordination with the Associate Commissioner of Architecture and Engineering/Technical our projections,which,truth be told, suppliers—the people selling us la- Brooklyn Lager, because they liked Services. This includes accountability for the division’s capital construction project portfolio, valued in were aspirational at best. bels, bottles and ingredients—al- the idea of a local beer,and they liked excess of $6 billion; supervising a staff of 320 engineers, architects, and construction professionals; and After a while, I realized they were lowed us to delay paying them be- us.And of course,people bought the interacting with other agencies, community boards, and elected officials. really sizing us up. They were asking cause we simply did not have the beer and came back for more. Essential Skills: Candidate must have six years of full-time paid experience as a licensed engineer or architect, two plus themselves if we had what it took to money to do so. Had they demand- They don’t teach that in business years’ experience as manager of a major business unit within a multi-divisional A/E organization (public start a business.They were fascinated ed faster payment, we would have school. or private). Familiarity with Local Laws pertaining to Green Building/LEED standards and requirements is required; LEED AP certification is preferred. Experience with Integrated Project Delivery (IPD) and by my years as a Middle East corre- ended up in bankruptcy.These good Building Information Modeling (BIM) is a plus. spondent. Some later said they fig- people believed in us and believed Steve Hindy, co-founder of the Brooklyn Salary: Commensurate with Experience ured if I could survive six years in war- we would pay them when we could, Brewery, is author of The Craft Beer torn Beirut, I could probably figure and we did. Had we asked them to Revolution: How a Band of Great Benefits Package: Liberal vacation/sick leave days, Health Insurance, Pension, 401K, Dental/Vision, Several Pre-Tax programs, College Savings Plans out how to sell beer in New York City. lend us $100,000 or more at the out- Microbrewers Is Transforming the People often ask me if I am sur- set, I am sure they would have told World’s Favorite Drink, to be published To apply, please go to NYC Jobs – www.nyc.gov/jobs, and search for Job ID # 146105 or 146159. prised at how big Brooklyn Brewery us to take a hike.But,in a pinch,they April 22 by Palgrave Macmillan.

CASE STUDIES Teacher union’s pay TOTAL PAY HIKE EXPERIENCE SINCE 2009 claim flunks math Just hired +29% 6 years +35% 18 years +17% his is a story about pay in the public sector and the Source: Citizens Budget Commission private sector. Last month, the United Federation of Teach- (called “Carrie Bliss”) made ers issued a report claiming an exodus of its mem- $58,639 in May 2009, based on her bers to the suburbs for higher-paying jobs and master’s and six years of experience. calling it the result of teachers having gone without a pay raise Since then, she has completed the T 30 additional credits to reach the since their contract expired in 2008. The math in the union’s highest educational level and has re- report was more than a little suspect. ceived three step increases. Her pay is now $78,885—or 35% higher. Now the Citizens Budget Com- The experienced teacher mission has taken on the union’s (named “Connie Brooks”) was central contention,showing that the making $85,426 in May 2009 with vast majority of city teachers are 18 years of experience and the mas- making more money than they did ter’s, plus 30 credits. Still, she has in 2008—some a lot more. received two additional increases, Teachers are paid not based on and her compensation has reached the quality of their work or even the the maximum of $100,049,up 17%. difficulty of their jobs (two key cri- The only teachers who have not teria in the private sector), but only gotten a penny more are those who on their educational credentials and were maxed out already,with a mas- their years of service.They get more ter’s plus 30 credits and 22 years of money if they have a master’s degree experience. The CBC estimates no and if they complete 30 credits in GREG DAVID more than 9,500 UFT members fall addition to their M.A. into this category and says that at They also get what are called least some of them have retired. SAVE TIME! Buy Tickets Online AutoShowNY.com “step increases” annually for their “Mark Thackery”) was hired with a (There are roughly 75,000 teachers Tickets are just $15, children $5 first eight years and five more times B.A. in May 2008 and completed in the city’s public-school system.) in their careers. And to be precise, his master’s degree in May 2011.He The UFT wants $3 billion in Save on discount rail and show packages with LIRR and Metro-North at mta.info their last overall increase was in May was originally hired at $43,362, and back pay,which it says is justified be- NY Waterway combo tickets also available at AutoShowNY.com 2009, under the expired contract. now makes $58,630—or 29% more cause other city workers received 4% RECORDED INFO: 800-282-3336 The CBC cites three pretty typ- than his pay after the last general raises in 2009 and 2010, while its For security purposes, bags may be checked. ical, if hypothetical, examples. increase. members did not. But then again, An activity of the Greater New York Automobile Dealers Association. A new teacher (given the name A teacher with some experience they did get pay hikes.

April 14, 2014 | Crain’s New York Business | 11 OPINION

KATHRYN WYLDE COMMENTS encourage headquarters companies Continued from Page 10 who emerged from communities of What state budget to stay and expand in New York. the additional expense. And to color without support systems. But This action is timely,because gover- think that this regulation goes into how many “could-haves” did not nors and mayors from as close as effect after 80 hours are worked— because of the lack of resources? New Jersey and Connecticut and as just two 40-hour workweeks! Too many to count. A subclass of means for business far as Florida, Texas and Colorado This does not create a nurturing 1,200 arts nonprofits has limited are actively courting major employ- environment for small business access to foundations and corpora- ers with tax advantages designed to owners, and creates an opportunity tions. How many have budgets for mong the unheralded accomplishments of the lure jobs and business operations for abuse by new hires.The de Bla- adequate staffing, benefits and facil- $138 billion budget that was adopted earlier this away from our state. sio administration should be solicit- ities? These are the 99-percenters It is noteworthy that Albany ac- ing more feedback from a variety of who carry forth our legacies, give month in Albany is a set of reforms in state busi- complished the kind of smart, prac- business owners. voices to our communities and ar- ness taxes that put New York on stronger ground tical corporate-tax reform that has —heide lee tistically interpret our lives. for attracting and retaining good jobs. eluded our hopelessly divided feder- Cultural equity in a city as cul- For too long, the state coasted on the underlying power of al government, despite almost uni- CULTURAL ‘EQUITY’ turally diverse as ours A versal recognition that convoluted seems to be a forgot- New York City’s vibrant economy, spending freely and ignor- business-tax codes are contributing While Joan K. Davidson’s Feb. ten concept. Ironically, ing competitive pressures.This year,Gov.Andrew Cuomo and to the slow pace of economic growth 10 op-ed (“Arts & de Blasio: there isn’t a 1-per- in the country. goals for lively scene”) affirms the center who isn’t an ad- legislators recognized that the world mended the slight decrease in the One sour note is that unless New mayor’s “tale of two cities” vocate for multicultur- has changed, that companies and corporate rate in order to make the York City decides to conform to the campaign theme, the notion alism, as they define jobs historically anchored to New overall impact of the change more state reforms, businesses located of a divided city goes it. It’s time for a new York are increasingly mo- manageable for all affected here will still be subject to the old beyond the wealthy and the have- voice that resonates bile, and they took impor- firms. protocol for city taxes.Mayor Bill de nots. Creativity is not limited to with equity and support of tant action to address the the big institutions; it belongs 20% The inefficiencies of Blasio could send a great signal to istock our diverse communities. problem. PORTION OF NYS the old tax structure for the business community by indicat- to every individual and Ms. Davidson’s recommenda- CORPORATE TAX There are advocacy collected via audit both the state and taxpay- ing his willingness to explore city manifests itself in every corner tions have been made in some groups that decry the before the budget ers are illustrated by the adoption of the reforms, recogniz- of our great city, especially form or another over the years. changes in the state code as deal simplified fact that 20% of all corpo- ing that any lost revenue would have communities of color. Now is the What has been woefully lacking a “giveaway” to Wall Street, the tax code rate income taxes were to be made up somewhere else. time to invest in cultural equity; that has been their application but that is simply not the collected pursuant to au- is, all forms of creative expression throughout the city. Equity and ac- case.There are about as many losers dit.The new code is more transpar- Kathryn Wylde is president and CEO of already existing in our communities cess need to be in the forefront. among financial institutions as there ent and fair, and compliance is far the Partnership for New York City, a but underfinanced and under- —bill aguado are winners under the new formula, more straightforward. business group that represents the city’s recognized. The writer is a former executive dir- which is why Mr. Cuomo recom- The revised code is designed to largest private employers. We are aware of the great artists ector of the Bronx Council on the Arts.

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American Airlines and the Flight Symbol logo are marks of American Airlines, Inc. oneworld is a mark of the oneworld alliance, LLC. © 2014 American Airlines, Inc. All rights reserved. TRAVIS KOTE AND JORDAN MISRA ciency and placement rates. crime data,though it could be used to educational opportunities. High- Big data can be Data and analytics could also as- improve department efficiency and school graduation rates slipped for sist the mayor on public safety and create value in sectors from real estate the first time in more than a decade disaster preparedness. Information to economic development. The city last year, illustrating the need for is imperative in disaster response for should consider adopting the Sun- continued improvement and policy a big help to city residents and first responders, and light Foundation’s recommendations reform. New York collaborated successfully for releasing crime data, which in- The city should strive to make with the data-science community in clude reducing restrictions on access, school data and student education ormer Mayor Michael Bloomberg helped trans- the wake of Hurricane Sandy to listing all related data sets in human- information easily available to ad- form New York into one of the most innovative provide real-time flood predictions and machine-readable formats, and ministrators and other authorized and map out the areas where volun- taking measures to ensure data qual- personnel to better allocate teaching cities in the nation, using data to reduce fire fatali- teers were needed most. ity and privacy. These steps would and disciplinary resources. Mr. de ties, enhance relief efforts following Hurricane However,data can also be used to Blasio has opposed one such data Sandy and find the source of sewer back-ups, prevent crises from occurring in the How the mayor consolidation system but should re- among other examples. Mayor Bill de Blasio can build on this first place. For example, investiga- consider. Given the city’s educa- F tions around the natural-gas explo- tional needs,it is crucial that the city legacy to boost economic growth, public safety and education, sion that killed eight in East Harlem can use embrace education analytics to bet- improving the lives of all New Yorkers.To do so, Mr. de Blasio in March have fingered flaws in ter assess student performance, tai- New York’s antiquated gas mains. analytics to aid lor instruction to individual student should expand the city’s use of data innovative uses of data that can be Data analytics can be used proac- needs and engage parents in the and analytics and change policies to brought to bear for the unemployed. tively to identify such weak infra- New Yorkers learning process. encourage the same in the private For example, a number of private- structure and help mobilize re- New York City has a thriving sector. sector matching systems,such as the sources to the most urgent projects. data community and one of the One opportunity to better use ones used by AfterCollege and Developers are already using his- strongest open data portals in the data is in employment services. recent LinkedIn acquisition toric disaster data and a registry of nation. A comprehensive data strat- While New York City’s tech indus- Bright.com, are using analytics to infrastructure complaints through- enable more initiatives like the city’s egy would build on past successes, try is booming, growth has been mine résumés and job descriptions. out the city to build a risk model for current crime-data programs,such as improve the city’s economic and so- stunted in middle- and low-wage These take in data on everything potential fires,a project catalyzed by the audio-based gunshot-detection cial well-being, and help city gov- sectors.To address this, Mr. de Bla- from degrees and previous employ- several apartment blazes in 2011. system ShotSpotter and the gang- ernment better meet the needs of its sio has announced plans to central- ers to experience and skill require- This effort should be expanded to targeting Operation Crew Cut, citizens. ize data from city job-placement ments, and output recommenda- other areas of city infrastructure. which utilizes social media and systems, which could ease job tions that match job-seekers with Unfortunately,the city’s openness information on previous violent Travis Kote and Jordan Misra research searches for the city’s nearly 700,000 employers.The city should examine toward data has not extended to the crimes and gang activity to target in- data policy at the Center for Data unemployed workers.This is a good the implementation of similar data- Police Department. The NYPD has vestigations. Innovation, a nonprofit that studies first step, but there are many more mining programs to increase effi- been reluctant to release granular Finally, analytics can improve the use of information. IN THE BOROUGHS QUEENS Woodside draws a new crowd Continued from Page 3 a landscaped rooftop deck replete Doughboy was rated among the top That influx of new residents, in with chaises longues and a barbecue 20 parks in the entire city by the turn,is drawing the attention of de- grill. nonprofit New Yorkers for Parks. velopers. With demand for apart- That combination of attractive In a neighborhood where big ments rising and people with more space and affordable rent is hard to changes have been relatively few in money to spend moving in, find, admitted 33-year-old Macy’s recent decades,many longtime shop landowners are rising to the bait executive Sharif Fayache, who and restaurant owners are noticing a and are putting up condo and apart- snatched up one of the last one-bed- shift in their clientele. ment buildings—three of them in room apartments at Icon 52 a few At a local favorite watering hole, the past two years. What helps is weeks ago after a fruitless months- Sinners and Saints—one of eight that Woodside’s land prices are less long search from Cobble Hill, Irish pubs along a six-block strip of than half those of areas like Astoria, Brooklyn, to Astoria. Roosevelt Avenue—Irish patrons according to Eric Benaim, presi- “I’ve heard a lot of good things still predominate, but regulars war- dent of Long Island about the neighborhood’s ily report that more 30-something City-based residential nightlife,too,”said Mr.Fay- suits and hipsters are joining their philip murtha broker Modern Spaces. $1,70 0 ache. crowd. BAR NONE: New folks crack a longtime Irish bastion on Roosevelt Avenue. Among other things, AVERAGE RENT Woodside also boasts a that makes it easier for for 1-bedroom big advantage over water- ‘A lot of new faces’ developers in Woodside apartment front sections of Long Is- “We’re seeing a lot of new faces, available 19,000 square feet at chises whose owners recognize the to undercut their closer- land City, not to mention and we expect to see more,” said Jay Woodside Terrace during the past market share to be had here,” said in rivals on rent while 12K Greenpoint and Williams- Chowdbury, a bartender at the 20- year at asking rents of about $37 per Mr. Kontis. “It’s a dense neighbor- still reaping a healthy HOUSING UNITS burg in Brooklyn, which year-old bar, which is best known square foot. hood with more than 12,000 hous- profit. in 1-mile radius until recent years were pri- for its pints of beer and spicy wings. “We’ve had a lot of interest from ing units in less than a one-square- marily industrial.Woodside “As it is,we are packed on the week- bakeries, cafés and restaurant fran- mile radius, and it’s growing.” Ⅲ Selling out quickly was built and settled as a ends.” One of those new $60K residential area, one that New retailers are turning up,too. AVERAGE annual projects is the immod- income drew mostly Irish immi- An Ottomanelli & Sons Italian- for the challenges of the 21st-centu- estly named Icon 52, a grants and their children. style café opened in the past few FROM ry global economy.” 66-unit property at 52- As a result, it is an estab- months on Roosevelt Avenue. AROUND —bilal iftikhar 05 Queens Blvd. The building’s lished community with all the Nearby at Woodside Terrace—a one- and two-bedroom apartments things that go with it: well-regarded new eight-story, 96-unit condo de- THE CITY QUEENS have monthly rents starting at about schools, low crime and a good, af- velopment at 63-14 Queens $1,700 and $2,500, respectively— fordable housing stock. Blvd.—space on the ground floor Rentals out, condos and they went quickly. Opened in True, Woodside lacks much in has gone to such new arrivals as BROOKLYN in at RKO Keith’s early February, it took all of six the way of woods or even grass, but Deals by Dollar Tree, the Wine and weeks for the “no vacancy”sign to go it can and does lay claim to being the Liquor Market and several small Better schooling Plans to build a residential tower up, according to Mr. Benaim, who home of two-acre Doughboy Plaza, franchised restaurants. at half the price atop the old RKO Keith’s Theatre represents the landlord, the Tsilo which, despite its unassuming Theo Kontis, director of com- in Flushing are finally moving for- Group.The units feature hardwood name, features four handball courts, mercial real estate broker Harvest Basis Independent Brooklyn is reward and indeed are doing so on a floors and 9-foot ceilings, plus such two basketball courts, a children’s International, based in New Hyde cruiting students for its initial class grander scale than originally amenities as a virtual doorman, and pool and a playground. In 2003, Park,L.I.,said he’s leased 85% of the this September in Red Hook.In do- planned. In a powerful sign of how ing so, the operator of a dozen much stronger the Flushing market schools around the world—but of has grown in recent years, the 350 only two pending facilities in the rental apartments envisioned by the U.S.—has a couple of key advan- original developer will now be con- Business Breakfast Forum tages. Its classes are among the dos instead. highest-rated private-school curric- “The market in Flushing has ula in the world, and the annual tu- changed from three or four years ition it will charge,at $23,500 a year, ago,”said a spokesman for JK Equi- is a bargain compared with the ties, which purchased the property $40,000-plus common for Manhat- from the previous owner in Decem- tan elite schools. ber for $30 million. The 17-story Such pluses, however, have not building, located at 135-35 North- Meet Rob Astorino, stopped some Red Hook residents ern Blvd., will also have 23,000 from opposing the school on the square feet of retail and 385 parking Westchester County Executive and grounds that it will lead to further spaces. The only drawback is that gentrification of the neighborhood. new developers don’t plan to break Contender for NYS Governor School executives point out that ground until early next year. “They their building will rise on a parking have to file for all the permits and Photo Credit: Buck Ennis lot on Columbia Street between the get everything in order,” said the Red Hook ball fields and the Added spokesman. He added that because Mr. Astorino will discuss: Tuesday, April 29, 2014 Value farmers’ market that other- the building, which was built in • Why he thinks New York’s business climate wise could have been the site of 1928,is landmarked,the new devel- New York Athletic Club something far worse. More impor- oper will also need to create a pro- is worsening 180 Central Park South tant, Mark Reford, the chief execu- tective shell over the lobby to pre- • What the state could learn from 8:00–8:30 a.m. Networking Breakfast tive of Basis, insists that schools like serve it during construction. his are something everybody needs —marine cole Westchester County 8:30–9:30 a.m. Program more of. • What it will take to beat Governor Cuomo Cost To Attend: “I think that the children of Brooklyn and this year $95 for individual ticket(s) New York City deserve a $950 for table(s) of ten world-quality, focused liberal-arts education, Register Today >> You must be pre-registered to attend this and I know their parents www.crainsnewyork.com/events-astorinoforum event. No refunds permitted. deserve a private-school For More Information: tuition that is more af- Sponsored by: Contact Adrienne Yee at 212-210-0739 or fordable,” said Mr. Re- [email protected]. ford. “Unless we commit to upgrading our science and math-based curricu- For sponsorship information, contact Cynthia Hutchinson at la in this country,we will continue to fall behind (212) 210-0145 or [email protected]. the rest of the world in v valgora/studio jay preparing our children NEW SHOW ENTIRELY: Movie theater will morph into condos.

14 | Crain’s New York Business | April 14, 2014 SMALL BUSINESS INSIDE The List New York area’s largest SBA-guaranteed loans PAGE 17 Pet projects Tech firms unleash a litter of new products for digitally savvy animal REPORT lovers PAGE 18 Big benefits on a small dime To snag the best employees, some firms find it’s worthwhile to offer big-company-style compensation packages

BY ELIZABETH MACBRIDE

When Appway decided to open an office in Manhattan in 2011, the Zurich-based firm brought its European benefits sensibility along. Employees get basic health care for $42 a month, and the company contributes 6% of workers’ salaries to 401(k) plans regardless of whether they contribute anything. “We believe in Switzerland’s generous benefits, respect and dignity for all employees, and a strong emphasis on work-life balance,” said CEO Hanspeter Wolf, by email. APPWAY’S Dina Fernandez (center) The company, which makes workflow-management has found that software for financial-services firms, needs the benefits to generous benefits attract talent, too: With 100 global employees, it aims to attract top talent. double its 10-person staff in New York this year.The market for software engineers in the city is tight, and Appway seeks only top candidates. See BIG BENEFITS on Page 16 buck ennis

PORTION of private-sector AVERAGE total cost of benefits INCREASE in total compensation employees’ compensation per private-sector employee, costs that private-sector employers devoted to benefits, including including health care, paid for their workers in the NY metro 31.8% health care, in the NY metro $24,440 retirement and leave, for 1.8% area, Dec. 2012 to Dec. 2013 area, Dec. 2012 to Dec. 2013 the NY metro area in 2013 Source: Bureau of Labor Statistics

April 14, 2014 | Crain’s New York Business | 15 REPORT SMALL BUSINESS

TREATING TECHNOLOGY AS A PERK Big benefits, small budget BRING-YOUR-OWN-DEVICE (BYOD) policies, in which employees can use their own phones and tablets at the office, are increasingly popular benefits, Continued from Page 15 plans to them.The employers in the services firm focused on improving especially for younger workers, HR experts say. The Gartner Group, a Stanford, About 10% of prospective hires make New York metro area who respond- companies’ performance. The an- Conn.-based research and consulting firm focused on information technology, it past the initial assessment, said ed to consulting firm Mercer’s 2013 swers may surprise you. When Ms. found in a recent survey that 38% of companies plan to stop providing Dina Fernandez, office manager. National Survey of Employer- Stone’s firm started consulting for a devices such as mobile phones to workers by 2016. Hiring is picking up in New York Sponsored Health Plans spent large retailer with a presence in New The best systems allow employees to access everything they need to do their City-based small businesses, which $13,345 last year on health care ben- York City that had a lot of turnover, jobs in the cloud, whether they are home or on the road, experts say. means the talent war is as well. In efits per employee, asking workers Towers Watson discovered that the However, putting the technology in place to do this can be costly at a a hypercompetitive market for to contribute about $140 a month. employees didn’t care that much small business. Perhaps not surprisingly, large and midsize companies are skilled workers, a well-crafted ben- (The smallest firm had 250 employ- about the 401(k) or the health plan: leading the pack in implementing these policies, according to Gartner’s efits package is crucial. ees.) Not many small businesses can The problem was that they didn’t research. Larger companies know this: afford to spend that much. feel in control of their scheduling. Implementing a BYOD policy is likely to get easier in the next few years, as They spend more on benefits, as a Other benefits, such as a 401(k) Though a new scheduling system big companies target small firms with new products that support this goal. percentage of total compensation, plan, can also be costly,with adminis- cost money, instituting it enabled For instance, Apple offers a small-business support center to help than small firms. According to the trative costs that run as high as 0.75% people to pick their own shifts and companies integrate iPhones and iPads into their operations. Meanwhile, Bureau of Labor Statistics, busi- of the total assets in a plan, on top of a turned the company’s retention Brother, a maker of printers and scanners whose U.S. operations are based in nesses with more than 100 workers few thousand dollars in other fees.To problem around, Ms. Stone said. Bridgewater, N.J., now offers a mobile app that lets workers securely spent 33% on benefits in 2013, ver- keep 401(k) fees down, owners may As a small business, you have an sus 26% for smaller companies. Ex- try to get proposals from at least three advantage over big companies: few- download, print and scan business documents from anywhere. perts say the key to making sure your kinds of companies that administer er people to survey and closer rela- “If you have a document that you want to get into the system somehow, dollars aren’t wasted is knowing the plans,such as a bank,an independ- tionships with your employees. once you’ve scanned it in, you then have the ability to manipulate the which benefits your employee de- ent benefits firm or an insurer, said document on your device, and then you have this document that can be sent mographic values most. John Carnevale, CEO of Boston- ⅷ SHOW YOU CARE. Small firms be- somewhere,” said John Wandishin, vice president of marketing for Brother. In Appway’s case, workers are based Sentinel Benefits & Financial come more competitive with bigger —ELIZABETH MACBRIDE typically in their 30s and 40s—at an Group,an employee benefits consult- rivals by being very thoughtful age when the cash value of benefits ing firm with a large presence in New about choosing a plan and adding tends to be important.“This isn’t my York City that focuses on companies some ancillary benefits, particularly competitions. Large employers are particularly generous, set aside a first rodeo,” said Ms. Fernandez, with fewer than 1,000 employees. ones focused on health. Studies adding biometric screenings to their larger portion. who manages the company’s bene- show one of the key drivers for en- plans,according to Ms.Stone.If you It doesn’t cost much to set up an fits programs. She says Appway’s Here are some other ideas for gagement and retention is whether have a younger,gadget-happy work- equity plan, because lawyers will of- employees do add up the dollars, designing a big-company benefits employees feel their employer cares force, an Up bracelet from Jawbone, ten do the work for a very low fee in with the health care and 401(k) con- package as a small business: about their health and well-being, which monitors daily habits, might hopes of becoming company coun- tribution being the biggest per- according to Ms. Stone. serve the same emotional purpose. sel. If you run a family-owned firm, suaders, and other benefits, such as ⅷ TALK TO YOUR EMPLOYEES. Whether Sometimes, benefits outside a you may not be aiming for the kind money for a gym membership, car- your process is formal—such as a traditional health plan can go a long ⅷ EMPHASIZE CHOICE. You can give of exit that makes equity appealing, rying weight, too. survey—or informal, like a series of way. Appway, for instance, offers a employees more varied health care such as an IPO or buyout. But a Of course, many small business lunches, ask your employees which health discount program with re- options by joining a marketplace. profit-sharing plan can serve the owners would like to offer better benefits they value most.“Frame the duced rates on fitness clubs, nutri- Among those operating in New York same purpose. The costs are similar benefits but can’t easily afford them. conversations as trade-offs,” said tion counseling and smoking cessa- are Manhattan-based HealthPass; to those in a 401(k). Rising costs mean that Cadillac Julie Stone, senior consultant with tion.Some employers sponsor sports Mercer Marketplace; the Bright benefits now feel like Rolls-Royce Towers Watson, a professional- teams and running or walking Choices exchange,operated by Tow- ⅷ OFFER A HEALTHY 401(K) MATCH. An ers Watson’s Liazon, based in Ar- irony of the benefits world is that lington, Va.; and, of course, New one of the most valuable benefits York State of Health—the market- you give your employees—a 401(k) place mandated by Obamacare. plan, sometimes with a match—is Marketplaces offer a selection of one of the least appreciated. A plans; employees make their own healthy match may help attract the We share your choices on how to spend a set contri- financially savvy: On average, com- bution from employers. panies with 49 or fewer employees offered a 3.2% contribution to PASSION FOR SUCCESS. ⅷ STAY ON TOP OF TRENDS. Among 401(k)s in 2011, and companies those catching hold among larger with 50 to 99 employees offered companies, according to Ms. Stone, 2.6%, according to Chicago-based are supplemental life-insurance Plan Sponsor Council of America. plans, long-term disability plans, Typical contributions are about the

NEW YORK, NY PAWTUCKET, RI NEW YORK, NY MERIDEN, CT and pet and vision insurance. Also same in New York City,except in the SENIOR REVOLVING REVOLVER/TERM SENIOR SECURED REVOLVING popular are group legal plans, which finance industry, where they are CREDIT FACILITY LOAN/ CREDIT FACILITY CREDIT offer benefits for seeking advice on higher, according to Mr. Carnevale. EQUIPMENT LINE FACILITY writing wills and critical-illness $6,000,000 $25,000,000 $30,000,000 $3,000,000 policies, among others. The latter ⅷ SIMPLIFY SAVING. Once your em- typically pay out lump sums to cov- ployees are on board, it may help to er costs, including deductibles, that keep them if you make the act of sav- ASSET-BASED FINANCING the company health plan leaves un- ing for retirement as painless as pos- covered. sible,with as many automated plans, At Webster, we care about helping local businesses succeed. That’s why we Just as with health insurance, target-date funds and index-fund provide accessible financing that your business needs to achieve its goals. owners can pay all or part of the cost options as possible. “After 25 years Talk with us today and together, we’ll find a way to make it happen. For more of other insurance benefits, most of in this business, I know that partic- which are relatively inexpensive ipants don’t really want to pick their information about our asset-based financing solutions, contact Warren Mino (disability is one exception). investments. I always go back to at 212.806.4500, or go to websterbcc.com for an application. making sauce: I don’t want you to ⅷ MAKE THEM OWNERS. If you’re a fast- deliver the oil, the spices and the NEW YORK BOSTON HARTFORD PHILADELPHIA growing company and your employ- tomatoes to my table,” Mr. ees have an ambition that matches Carnevale said.“People get frustrat- yours, your equity and/or profit- ed, and they don’t participate.” Middle Market Banking Excellence Awards: sharing plan may be even more at- Especially if your workforce is Overall Client Satisfaction – National & Northeast tractive than old-fashioned benefits younger,employees may have a hard like health plans and 401(k) match- time grasping the idea that a $500- NYSE:WBS es. To create a competitive plan, set a-month contribution now could ® aside about 10% to 20% of the equi- make the difference between being Business Credit Websterbcc.com ty in your company to give out to old and poor or retiring comfort- employees in the form of equity,said ably. Adding a financial-education All credit facilities are subject to the normal credit approval process. *The NYSE ticker symbol of WBS is assigned to Webster Financial Corporation and does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party Bob Greene of Manhattan-based component to your retirement plan and is meant purely for information purposes. Webster Business Credit Corporation is a wholly owned subsidiary of Webster Bank, N.A. The Webster Symbol and Webster Business Credit are registered in the U.S. Patent and Trademark Ofﬁce. Contour Venture Partners, a ven- could bring some of the reward ture-capital firm. If you want to be home to employees. Ⅲ

16 | Crain’s New York Business | April 14, 2014 THE NY Area’s Largest SBA-Guaranteed Loans LIST Biggest loan approvals in fiscal 2013, ranked by total amount

SBA/CDC Third-party lender/ Third-party lender’s Borrower/location Total loan amount share of loan Borrower’s business type certified development company or 7(a) lender1 share of loan

Shine Electronics Co. $13,081,000 $5,431,000 Telephone apparatus Wilshire State Bank $7,650,000 1 Long Island City, Queens manufacturing Empire State Certified Development Corp. THE SCOOP

UD OP 46th Street $13,000,000 $5,000,000 Dental office Wilshire State Bank $8,000,000 2 Manhattan Empire State Certified Development Corp. LOAN CLIMATE RVM Enterprises Inc. $12,000,000 $5,000,000 Business support service Bank of America $7,000,000 IMPROVES Manhattan Empire State Certified Development Corp. 3 IN A SIGN of an improving environment for local small Michael K $10,931,000 $4,931,000 Men’s clothing store Citibank $6,000,000 Manhattan Empire State Certified Development Corp. businesses, the total value of Small 4 Business Administration-guaranteed loans to New York companies rose to Eclectic/Encore Properties Inc. $10,215,000 $4,608,000 General rental center Wells Fargo Bank $5,607,000 5 Long Island City, Queens Empire State Certified Development Corp. $772 million in fiscal 2013 from $723 million in fiscal 2012. Hotel BPM $10,003,000 $3,503,000 Hotel and motel The National Republic Bank of Chicago $6,500,000 The largest such loan was $13.1 6 Sunset Park, Brooklyn Empire State Certified Development Corp. million to Shine Electronics Co., a cellphone and computer refurbishing A.S. Diamonds Inc. $9,902,000 $4,467,000 Jewelry wholesaler Bank of America $5,435,000 company based in Long Island City, 7 Manhattan Empire State Certified Development Corp. Queens, made by Wilshire State Bank and the Empire State Certified Foodfest Depot $9,292,000 $4,192,000 Grocery wholesaler Chase Bank $5,100,000 Development Corp., a nonprofit that 8 Mott Haven, Bronx Empire State Certified Development Corp. facilitates small-business loan applications. That was one of seven Jungle City Studios $6,833,000 $3,083,000 Sound-recording studio HSBC Bank USA $3,750,000 that exceeded 2012’s largest loan of 9 Manhattan Empire State Certified Development Corp. $9.7 million. Lenders’ willingness to make Ken Moadel, M.D., P.C. $6,733,000 $3,038,000 Physicians’ office Bank of America $3,695,000 larger loans reflects borrowers and 10 Manhattan Empire State Certified Development Corp. lenders taking greater advantage of an increase, to $5 million from $2 Jesco Lighting Inc. $5,012,000 $2,262,000 Commercial and industrial East West Bank $2,750,000 million, in the amount guaranteed by 11 Port Washington, Nassau County lighting Empire State Certified Development Corp. the SBA, said Bernard Paprocki, acting regional administrator for the 22nd Street Restaurant Group $5,000,000 n/a Restaurant n/a n/a New York district. The hike took effect 12 Manhattan Noah Bank Oct. 1, 2010, as part of the Small Business Jobs Act. Cosmic Realty $5,000,000 n/a Hotel and motel n/a n/a “There’s a lot more interest in Bedford-Stuyvesant, Brooklyn Country Bank 13 lenders doing larger deals with bigger economic impact,” said Mr. Good Fortune Supermarket Group $5,000,000 n/a Grocery wholesaler n/a n/a Maspeth, Queens NewBank Paprocki. 14 Noah Bank, a Pennsylvania- based institution with branches in Madelaine Chocolate Novelties Inc. $5,000,000 n/a Chocolate and confectionary n/a n/a Far Rockaway, Queens manufacturing Newtek Small Business Finance Inc. New York and New Jersey and total 15 assets of $252 million, provided two of the top loans. Michael Reinhard, Parsons Hospitality $5,000,000 n/a Hotel and motel n/a n/a 16 Jamaica, Queens Hanmi Bank president of Noah, said the bank is able to sell the portion of the loan Patkin Holding $5,000,000 n/a Hotel and motel n/a n/a guaranteed by the SBA to other 17 Ozone Park, Queens NewBank investors in the secondary market. The added liquidity allows the bank RM Bakery $5,000,000 n/a Commercial bakery n/a n/a to then make further loans. 18 Maspeth, Queens Square 1 Bank “Today, premiums are historically very high, so it’s immediate revenue AVA Pork Products Inc. $4,979,500 $2,247,000 Meat processor Bethpage Federal Credit Union $2,732,500 for the bank,” Mr. Reinhard said. 19 Hicksville, Nassau County Empire State Certified Development Corp. Armed with a $12 million loan from Bank of America and the Remote Diagnostic Imaging $4,936,100 n/a Diagnostic imaging center n/a n/a Empire State Certified Development 20 Manhattan United Midwest Savings Bank Corp., RVM Enterprises (No. 3 on Crain’s list), a fast-growing Flatlands Hospitality $4,800,000 n/a Hotel and motel n/a n/a Manhattan-based data- 21 East New York, Brooklyn Hanmi Bank management firm, was able to consolidate its two locations into Bread Alone Inc. $4,740,250 $2,139,000 Food manufacturing Ulster Savings Bank $2,139,000 32,000 square feet at 40 Rector St., 22 Lake Katrine, Ulster County Empire State Certified Development Corp. according to Executive Chairwoman Cheryl Brunetti. “The SBA loan Bluedata International Institute $4,512,000 $2,262,000 Educational support service Morgan Stanley Bank $2,250,000 allowed us to secure space and hire 23 Manhattan Empire State Certified Development Corp. approximately 60 new employees,” she said. The company now employs C-Town Supermarket $4,506,000 $2,056,000 Supermarket Capital One Bank $2,500,000 140 people. Williamsburg, Brooklyn Empire State Certified Development Corp. 24 While the increase in total loan volume is a good sign for the local Murray’s Free Roaming Chicken Inc. $4,500,000 n/a Poultry processing n/a n/a South Fallsburg, Sullivan County Noah Bank economy, banks remain cautious 25 about lending, noted Mr. Paprocki. “It would be good if small businesses 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. Ratings are for the fiscal year ended Sept. 30, 2013. The top 25 loans were approved either under the 504 loan program or the 7(a) loan program. The 504 loan program provides growing businesses with long-term fixed-rate financing for major fixed assets, such could be borrowing without the SBA,” as equipment, land and buildings. The 7(a) loan program is the SBA’s most-used nondisaster financial assistance program to small businesses because of its flexibility in loan structure, variety of loan proceeds uses and avail- he said. —NICHOLAS WELLS ability. In cases of tied figures in the total loan amount, borrowers are listed alphabetically. n/a-Not applicable. 1-The certified development company listed for each loan is the CDC that handled the loan processing (504 loans only). Source: U.S. Small Business Administration

April 14, 2014 | Crain’s New York Business | 17 REPORT SMALL BUSINESS

PAMPERING POOCHES: New pack of tech startups BarkBox, co-founded by Matt Meeker, ships boxes with four to six treats and targets ‘pet parents’ toys for dogs.

tion service called BarkBox that Queens-based marketing and Entrepreneurs would curate,package and ship box- public-relations firm that targets attract digitally savvy es with four to six treats and toys for products and services for pets. dogs. Soon after they started their The second is the increase in animal lovers with business, they enlisted Carly Strife, technology startups. In fact, thanks new products another pal and canine lover, to join to the area’s tech boom, “New York them. may be the perfect incubator for this type of company,” said Ms. Jones. BY ANNE FIELD Health-monitoring gadgets “As the tech industry has grown, so Much to their surprise, demand has its intersection with pet busi- It started as a lark. skyrocketed almost immediately. nesses.” About three years ago, Matt After about six months, Mr. Meek- In addition, New York City it- Meeker was happily working for a er decided to leave his job and de- self, along with other urban centers venture-capital firm, running an in- vote himself full-time to the compa- attracting professionals, is a partic- cubator for early-stage technology ny. Now the Manhattan-based ularly promising market. For one companies. From time to time, he business has 38 employees, and Mr. thing, there’s a critical mass of po- also would pop into pet stores to see Meeker predicts 2014 revenue will tential customers with the discre- if he could find a be $30 million, up three times from tionary income to buy these prod- special treat for the year before, though the compa- ucts and services. Also, according to 1.1M Hugo, his Great ny isn’t profitable yet. “It wasn’t our Mr.Meeker,most of BarkBox’s cus-

NUMBER OF PET Dane. Discour- intention to get big, but we realized tomers are women who have de- buck ennis dogs and cats in aged by the se- we’d found a great opportunity,” he layed marriage and starting a family New York City lection he en- said. to get settled in a career. to Santo in 2012, Mr. Maione start- and other providers, as well as with countered, Mr. BarkBox is part of a mini- “Their attitude toward their pets ed exploring the possibilities. “I felt pet adoption centers. 33% Meeker decided explosion of technology startups in is more like a traditional love for hu- the pet-services industry was a great Not surprisingly, many startups APPROXIMATE to do some re- New York focused on pets.Offering man children,” said Mr. Meeker, place to be,” he said. in this niche have succeeded at at- PERCENTAGE search and see everything from devices for re- who, like many other startup tracting money.Mr. Meeker and his of New York City what was avail- motely monitoring a pooch’s health founders,used the term “pet parent” Investors pay attention colleagues,for example,raised about households with able online. To to social networks for critter own- instead of “owner” to describe his What he came up with was the $6.7 million in two venture-capital dogs or cats as pets his surprise, he ers,these companies,some of which customers, as well as himself. idea to create a social network for funding rounds. Source: New York found “literally are just a few months old,are taking Of course, the fact that pet devo- people with pets, allowing them to The four co-founders of Economic Development thousands” of advantage of two simultaneous tion has reached what may be an all- share information, photos and Manhattan-based FitBark, which Corp., 2012 unique products, trends. time high doesn’t guarantee success. ideas,and to find groomers,vets and sells a device that attaches to a dog’s many of which he thought Hugo The first is a growing interest in Startups must contend with the other providers in their area. Nam- collar and permits owners to moni- would love. pets, nationally and locally. Ameri- usual costs of doing business in New ing it Hi Pancake! after a pooch he tor their pet’s health remotely, That’s when the idea hit him: cans spent $55.7 billion on their pets York. And there may be a finite de- used to see in a dog park on week- launched a Kickstarter campaign Surely there were other dog lovers in 2013, and that number is likely to mand for fancy gadgets and gizmos ends, he took his app live about five last July and reached their goal of like him who were willing to pay to hit about $60 billion this year, ac- for pets. months ago. It now has about 5,000 $80,000 in 27 hours. The product, provide their pets with a little extra cording to the American Pet Prod- Those realities haven’t discour- users, mostly in New York. which can be preordered for $69 and joy. He talked to Henrik Werdelin, ucts Association. While regional aged Mike Maione, a former equi- Mr. Maione, who is based in will eventually retail for $99, should a friend and fellow pooch enthusi- numbers are hard to come by, “de- ties trader. The owner of two Shiba Manhattan, is now working on his start shipping this spring. “The re- ast, and they decided to start an mand is growing in the New York Inus, a breed of small huskies, was revenue-generation strategy. It sponse showed that we’re making e-commerce business on the side. area, too,” said Patricia Jones, crazy about animals. When he was should include advertising and part- something people want,” said co- They would sell an online subscrip- founder of Paws PR, a Woodside, laid off from his job at Banco Espíri- nerships with online pet pharmacies founder Michael Chiang. Ⅲ

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18 | Crain’s New York Business | April 14, 2014 FOR THE RECORD

conference is scheduled for 10 a.m. on with Cushman & Wakefield.The $300.28 to $316.49 per share between April 23 at 357 Marcus Garvey Blvd., landlord, SJP Properties, was represented March 27 and March 28, in a ABOUT THIS SECTION Brooklyn. To make inquiries, contact in-house by Peter Bronsnick. transaction worth $189,613,536. It now FOR THE RECORD is a weekly listing of information from the public record Anthony Salako at (212) 361-8445 or indirectly holds 20,018,100 shares. ● that can help businesspeople in the New York area find opportunities, [email protected]. Relativity Media has signed a 10- year lease for 16,900 square feet at 315 ● Time Warner Cable (TWC) potential new clients and updates on competitors. ● Housing Authority Park Ave. South. The 10-year-old Glenn A. Britt, director, sold 30,000 To ask questions or get more information on this section, contact Seeks competitive sealed bids by 11 Beverly Hills, Calif.-based film shares of common stock at prices Crain’s research department at [email protected]. a.m. on May 6 for exterior restoration distributor and music publisher will ranging from $136.42 to $136.86 on and roofing replacement. Bid occupy the second floor at Spear Street March 26, in a transaction worth documents are available for download Capital’s 20-story building. The tenant $4,094,487. On the same day, he at www.nyc.gov/html/nycha was represented by Chris Mongeluzo exercised options on 30,000 shares at NEW IN TOWN and spicy prosciutto. Other dishes on /html/business/sellingtonycha.shtml or and Eric Zemachson of Newmark $45.15 per share, in a transaction worth the menu include eggplant rigatoni, can be picked up at 90 Church St., Grubb Knight Frank. The landlord was $1,354,500. He now directly holds Companies that would like to have details curry quinoa salad and a vegan kale Manhattan, for $25 in the form of a represented by Mark Mandell, Ethan 177,571 shares. of openings published should submit cupcake. Its existing location is in the check or money order payable to Silverstein and Scott Silverstein of descriptions following this format to West Village. NYCHA. An optional prebid Cushman & Wakefield. Relativity Robert D. Marcus, chief executive, sold [email protected], with conference is scheduled for 10 a.m. on will pay rent in the mid-$60s per 16,000 shares of common stock at “New in Town” in the subject line. April 18 at 387 Lafayette Ave., square foot. $137.29 per share on March 25, in a BANKRUPTCIES Brooklyn. To make inquiries, contact transaction worth $2,196,704. He now ● Docklands Vaughn Banks at (212) 306-6727 or RETAIL directly holds 61,281 shares. 789 Franklin Ave., Brooklyn The following listings are selected [email protected]. ● BNB Hana Bank signed a 20-year The seafood restaurant soft-opened in from the most recent available filings lease for 9,500 square feet at 309 Fifth ● Automatic Data Processing Inc. (ADP) Crown Heights. Dishes include chili by companies seeking bankruptcy protection ● School Construction Authority Ave. in Koreatown, Manhattan. The Carlos A. Rodriguez, president and steamed mussels and lobster mac and in the Southern and Eastern Districts Seeks competitive sealed bids by 10 bank, which largely serves Korean- chief executive, sold 29,464 shares of cheese. Oysters from the raw bar are free of New York. Information was obtained a.m. on April 25 for surveillance American business owners, will relocate common stock at prices ranging from during happy hour, Wednesdays through from U.S. Bankruptcy Court records cameras at four schools in Staten in September. The ground floor at the $77.14 to $77.23 on March 31, in a Sundays. available on Public Access to Court Island. The project range is $1.07 Dylan, a 34-story luxury residential transaction worth $2,275,050. On the Electronic Records. Listings are in million to $1.13 million. Bid tower, has asking rents of $200 per same day, he exercised options on 24,650 ● Eastwick Communications alphabetical order. documents are available for a $100 fee square foot. The tenant was represented shares at prices ranging from $40.28 to 225 W. 34th St., Manhattan payable by credit card, check or money by Soon Rhee of First New York Realty $49.52, in a transaction worth The 22-year-old marketing and public- ● Neel Nadia Hamid Habib Associates Inc. order to the New York City Brokers. The landlord was represented $1,096,447. He now directly holds relations firm opened a New York office 65 N. Central Park Ave., Hartsdale, N.Y. School Construction Authority. by RFR Realty. 120,085 shares. in midtown. The Silicon Valley-based Filed for Chapter 11 bankruptcy Prequalification by the SCA is company relocated four staffers to West protection on April 1. The filing cites necessary.To make inquiries, contact ● CBS Corp. (CBS) 34th Street to serve its East Coast estimated liabilities of $100,001 to Edison Aguilar at (718) 472-8641 or STOCK TRANSACTIONS Douglas P.Morris, director, sold 34,886 clients. $500,000 and estimated assets of $0 to [email protected]. shares of common stock at $64.75 per $50,000. The creditors with the largest Following are recent insider transactions at share on March 24, in a transaction ● Savoury unsecured claims are the Internal GOODS AND SERVICES New York’s largest publicly held companies worth $2,258,897. He now directly 489 Columbus Ave., Manhattan Revenue Service, owed $50,000; ● Department of Parks & Recreation filed with the Securities and Exchange holds 40,694 shares. The Indian restaurant opened on the JPMorgan Chase legal department, Seeks competitive sealed bids by 3 p.m. Commission by executives and major Upper West Side. Dishes include owed $50,000; and the New York State on April 25 for block pruning in shareholders. Listings are in order of ● Children’s Place Retail Stores Inc. scallops in coconut tamarind sauce, and Department of Taxation and Finance, Brooklyn. To make inquiries, contact transaction value.The information was (PLCE) yogurt-marinated lamb chops. The owed $25,000. Melissa Marx at (212) 830-7979 or obtained from Thomson Reuters. Jane T. Elfers, president and chief space features a lounge and cocktail bar [email protected]. executive, sold 25,037 shares of in the front and dining-room seating in ● SCI Engineering ● Regeneron Pharmaceuticals Inc. common stock at $49.85 per share on the rear. 241 W. 30th St., Manhattan ● Economic Development Corp. (REGN) March 31, in a transaction worth Filed for Chapter 11 bankruptcy Requests proposals by 4 p.m. on April 30 Sanofi purchased 613,890 shares of $1,248,095. She now directly holds ● Seasoned Vegan protection on March 25. The filing cites for broadband infrastructure and high- common stock at prices ranging from 360,866 shares. Ⅲ 55 Saint Nicholas Ave., Manhattan estimated liabilities of $1,000,001 to speed Internet expansion in Industrial The Southern-style vegan restaurant $10 million and estimated assets of Business Zones. Consultant must design, opened in Harlem. Vegan-ingredient $50,001 to $100,000. launch, implement and maintain fiber- dishes include “tuna” on a roll, “chicken” optic network in one or more of the DEALS ROUNDUP and waffles, BBQ “riblets,” and “fish” ● Surroundart Storage following zones: Greenpoint/ and chips. 63 Flushing Ave., Queens Williamsburg, north Brooklyn, Filed for Chapter 11 bankruptcy southwest Brooklyn or Long Island TRANSACTION SIZE TARGET/SELLERS (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE protection on March 19. The filing cites City, Queens.To make inquiries, contact COMPANY MOVES estimated liabilities of 1,000,001 to Maryann Catalano at (212) 312-3969 Avincis Mission Critical $2,700.0 Babcock International Group plc SB M&A $10,000,000 and estimated assets of or [email protected]. Services Holdings, Companies that would like to have details $1,000,001 to $10 million. The creditors S.L.U./Kohlberg Kravis of recent moves published should submit with the largest undisputed unsecured ● Housing Authority Roberts & Co. (Manhattan), descriptions following this format to claims are Adir Tech, owed $60,985.02; Seeks competitive sealed bids by 10 InvestIndustrial [email protected], with RBS Collection, owed $36,131.94; and a.m on April 24 for maintenance Maker Studios Inc./ $950.0 The Walt Disney Co. SB M&A “Company Moves” in the subject line. Sunbelt Rentals, owed $34,302.30. painting of apartments at the Grant Upfront Ventures, Houses in Manhattan. Bid documents SingTel Ventures (Pte) Ltd., ● Grey Dog are available for download at Time Warner Investments (Manhattan), Northgate 49 Carmine St., Manhattan GOVERNMENT CONTRACT www.nyc.gov/html/nycha Capital Group, YouTube, The varied-menu café opened a new OPPORTUNITIES /html/business/business.shtml. A $25 Greycroft Partners location in the West Village after fee is required for nonelectronic bids, (Manhattan), CANAL + SA, shutting its original location on the Following are selected contract payable by check or money order to Daher Capital, Lakestar same street. It serves its signature opportunities recently announced by New NYCHA Finance Department. To Nordion Inc./Scopia $766.1 Sterigenics International Inc. SB M&A pancakes, omelets, salads and York City agencies. To learn how to sell make inquiries, contact Erneste Pierre- Capital Management sandwiches. Its three other locations goods and services to city government, Louis at (212) 306-3609 or (Manhattan), Luxor Capital are in lower Manhattan. visit www.nyc.gov/selltonyc. For a [email protected]. Group (Manhattan), searchable database of current procurement Greywolf Capital ● Red Hook Lobster Pound notices, visit www.nyc.gov/cityrecord. Management, River Road Asset Management 16 Extra Place, Manhattan Listings are alphabetical by category and REAL ESTATE DEALS The seafood restaurant opened a new department. Etrawler Ltd. (unknown $624.0 BC Partners; Insight Venture FB M&A location in the East Village. Dishes Companies that would like to have majority stake)/ECI Partners Partners (Manhattan) include lobster rolls, lobster Caprese CONSTRUCTION SERVICES details of their recent transactions appear TAG Gewerbeimmobilien- $408.4 Apollo Global Management SB M&A salad and clam chowder. The original ● Department of Design and Construction in these listings should email descriptions Aktiengesellschaft/ (Manhattan) (80%) TAG Immobilien AG location is at 284 Van Brunt St., Seeks competitive sealed bids by 11 a.m. following this format to MSingleton Brooklyn. on May 1 for Safe Routes to Transit, @crainsnewyork.com, with “Real estate Alta Mesa Investment $350.0 Highbridge Principal Strategies GCI Phase III, Bronx. Bid documents are transaction” in the subject line, or enter Holdings Inc./Not disclosed (Manhattan) ● Variety Cafe available for download at www them online at crainsnewyork.com/ Trinity Walk Wakefield Ltd./ $264.1 Orion Capital Managers SB M&A 146 Wyckoff Ave., Brooklyn .nyc.gov/buildnyc. Paper documents can submitadeal. Deals are listed in order of AREA Property Partners (Manhattan), Shepherd The coffee and tea house opened a third be obtained for $35, payable by check or square footage. Construction Ltd., Sovereign outpost in Bushwick. The owner plans money order to the Department of Land Ltd. to move his coffee-roasting operation Design and Construction. To make COMMERCIAL ● Canadian International Oil $180.8 Riverstone Holdings (Manhattan) GCI there. Offerings include espresso and inquiries, contact Emmanuel Charles Thomson Reuters signed a 72,000- Corp./not disclosed breakfast pastries. at (718) 391-2200 or charlesem@ square-foot lease at Waterfront Corporate ddc.nyc.gov. Center II in Hoboken, N.J.The media Selected deals announced for the week ended March 29 involving companies in metro New ● Wild York. SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing giant will relocate 450 employees from shares of a company without the participation of a financial buyer. FB M&A: Financial buyer ● 340 Bedford Ave., Brooklyn Department of Homeless Services its Times Square headquarters to its M&A represents a minority or majority acquisition of existing shares of a company with the The gluten-free pizza restaurant Seeks competitive sealed bids by 11 a.m. expanded space, now totaling 93,000 participation of a financial buyer. GCI: Growth capital investment represents new money opened a location in Williamsburg. It on May 12 for roof replacement and square feet.The tenant was represented invested in a company for a minority stake. source: capitaliq serves pies like pear and Gorgonzola, façade repairs. A mandatory prebid by Joseph Cabrera and Tim Kuhn, then

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Authority mail copy of process against LLC to It is currently anticipated that proposals shall be due by 2:00 PM on April 30, 2014 or as mail copy of process against LLC to principal business address: 150 West filed with Secy. of State of NY (SSNY) principal business address: 281 on 03/27/14. Office location: NY otherwise indicated in the document. Proposals must have the RFP Number and full 28th Street, Ste. 402, NY, NY 10001. legal firm name clearly indicated on the outside package. Broadway, 2nd Flr, NY, NY 10007. Purpose: any lawful act. County. LLC formed in Delaware (DE) Purp.: any lawful act. on 03/19/14. SSNY designated as Send Proposal(s) to: The Port Authority of NY & NJ, Attn: RFP Custodian, Procurement Notice of Formation of Calvary agent of LLC upon whom process Department, 2 Montgomery Street, 3rd Floor, Jersey City, NJ 07302. Notice of Formation of Sunset Park Manager LLC. Arts. of Org. filed with against it may be served. SSNY shall Debt LLC, Art. of Org. filed Sec'y of Secy. of State of NY (SSNY) on mail process to c/o Morrison Cohen State (SSNY) 12/11/13. Office location: 3/28/14. Office location: NY County. LLP, Attn: Y. David Scharf, Esq., 909 THE QUEENS BOROUGH PUBLIC LIBRARY NY County. SSNY designated as agent SSNY designated as agent of LLC Third Ave., 27th Fl., NY, NY 10022. DE REQUEST FOR PROPOSALS FOR: of LLC upon whom process against it upon whom process against it may be addr. of LLC: c/o Corporation Service 1. Annual Independent Audit Services may be served. SSNY shall mail copy served. SSNY shall mail process to: Co., 2711 Centerville Rd., Ste. 400, 2. Internal Audit Services of process to Bluestone Group, 225 The LLC, 826 Broadway, 11th Fl., NY, Wilmington, DE 19808. Arts. of Org. The Queens Borough Public Library, located in Jamaica, New York is seeking to identify firms Broadway, 32nd Fl., NY, NY 10007. NY 10003. Purpose: any lawful activity. filed with Secy. of State, Div. of interested in responding to a Request for Proposals (RFP) for (1) Annual Independent Audit Purpose: any lawful activities. Corps., John G. Townsend Bldg., Services and (2) Internal Audit Services. LIMITED LIABILITY COMPANY. NOTICE OF QUALIFICATION of 33 Notice of Formation of Limited 401 Federal St., Ste. 4, Dover, DE RFP 0414-01 - Annual Independent Audit Services and 19901. Purpose: Any lawful activity. Peck Slip Holding LLC. Authority Liability Company (LLC). Name: FIA RFP 0414-2 - Internal Audit Services are available on-line at: filed with Secy of State of NY (SSNY) http://www.queenslibrary.org/services/purchasing/solicitations CORONA HOLDINGS, LLC. Articles Notice of Formation of COREY S. on 2/18/14. Office location: NY County. of Organization filed by the SCURLOCK, M.D., MEDICAL ADVO- If you have any technical problems accessing the documents on-line, email us at LLC formed in DE on 11/15/13. [email protected] or call 718-990-8684. Your email should include the Department of State of New York on: CATE, PLLC. Arts. of Org. filed with SSNY designated agent upon whom 03/06/2014. Office location: County RFP number in the subject as well as your firm name, email address, contact information, process may be served and shall Secy. of State of NY (SSNY) on mailing address and telephone number. of New York. Purpose: any and all 03/19/14. Office location: NY County. mail copy of process against LLC to: Proposals are due by 2:00 PM May 9, 2014. Proposals must have the RFP number and full lawful activities. Secretary of State of Princ. office of PLLC: 224 W. 18th c/o CSC, 80 State St, Albany, NY New York (SSNY) designated as agent legal firm name clearly indicated on the outside of the package. Send Proposal(s) to: The 12207-2543. Principal business St., Apt. 8A, NY, NY 10011. SSNY Queens Library, Attn: RFP Purchasing Department, 2ND Floor, 89-11 Merrick Boulevard, of LLC upon whom process against designated as agent of PLLC upon Jamaica, NY 11432. address: c/o CSC, 2711 Centerville it may be served. SSNY shall mail a whom process against it may be Rd, Ste 400, Wilmington, DE 19808. A VALID PHOTO ID IS REQUIRED TO GAIN ACCESS INTO THE BUILDING IF copy of process to: 115 Broadway, served. SSNY shall mail process to Certif. of LLC filed with Secy of State Suite 302, New York, NY 10006. c/o Tannenbaum Helpern Syracuse & YOU ARE HAND DELIVERING YOUR PROPOSAL(S). of DE: 401 Federal St, Ste 4, Dover, Hirschtritt LLP, Attn: Brian A. Haskel, DE 19901. Purpose: any lawful act. NOTICE OF FORMATION OF Qualification of Blackstone Tactical Notice of Formation of Recast 431 Esq., 900 Third Ave., NY, NY 10022- Pinkhasov & Associates, PLLC. Arts of Opportunities Fund – I L.P. Authority Warren Street, LLC. Arts. of Org. filed NOTICE OF QUALIFICATION of 33 4775. Purpose: Practice of medicine. Org filed with Secretary of State of NY filed with the Sect. of State of NY with NY Dept. of State on 11/26/2013. Peck Slip Acquisition LLC. Authority (SSNY) on 1/9/14. Office location: NY Notice of Formation of SKYLABS (SSNY) on 3/13/14. Office Loc: NY Office location: NY County. Princ. bus. filed with Secy of State of NY (SSNY) County. SSNY designated agent upon MEDIA LLC. Arts. of Org. filed with County. LP formed in DE on 2/25/14. addr.: 1 MetroTech Ctr., Brooklyn, NY on 2/18/14. Office location: NY County. whom process may be served and Secy. of State of NY (SSNY) on SSNY has been designated as agent 11201. Sec. of State designated LLC formed in DE on 11/6/13. SSNY shall mail copy of process against 03/28/14. Office location: NY County. of LP upon whom process against it agent of LLC upon whom process designated agent upon whom process PLLC to principal business address: Princ. office of LLC: 16 E. 34th St., may be served and shall mail process against it may be served and shall may be served and shall mail copy of 260 Madison Ave, Ste 204, NY, NY 15th Fl., NY, NY 10016. SSNY to: 345 Park Avenue, NY, NY 10154. DE mail process to: 131 W. 24th St., Apt. process against LLC to: c/o CSC, 80 10016. Purpose: any lawful act. designated as agent of LLC upon address of LP: 200 Bellevue Pkwy, Ste 2, NY, NY 10011, Attn: Betsy Jacobs, State St, Albany, NY 12207-2543. whom process against it may be 210, Wilmington, 19809. Name/addr. regd. agent upon whom process may Principal business address: c/o CSC, NOTICE OF FORMATION OF Pipsticks served. SSNY shall mail process to of genl. ptr. avail from SSNY. Cert. of be served. Term: until 11/24/2063. 2711 Centerville Rd, Ste 400, LLC. Arts of Org filed with Secy of Corporation Service Co., 80 State LP filed with DE Sect. of State, 401 Purpose: all lawful purposes. Wilmington, DE 19808. Certif. of LLC State of NY (SSNY) on 2/7/14. Office St., Albany, NY 12207-2543. Federal St, Ste 4, Dover, DE 19901. filed with Secy of State of DE: 401 location: NY County. SSNY designated Name of PLLC: Carol L. Goldstein Purpose: Social media marketing, Purpose: any lawful activity. Federal St, Ste 4, Dover, DE 19901. agent upon whom process may be DC PLLC. Arts. of Org. filed with NY digital media, communications & Purpose: any lawful act. served and shall mail copy of process CURL UP AND DYE BAR LLC, Arts. Dept. of State: 2/21/14. Office loc.: public relations and branding. against LLC to: Northwest Registered of Org. filed with the SSNY on NY Co. Sec. of State designated NOTICE OF FORMATION OF 888 CAFE Agent, 90 State St, Ste 700, Office 40, 01/17/2014. Office loc: NY County. agent of PLLC upon whom process LLC. Arts of Org filed with Secy of NOTICE OF FORMATION OF Jupiter Albany, NY 12207. Principal business SSNY has been designated as agent against it may be served and shall State of NY (SSNY) on 10/22/13. Highway, LLC. Arts of Org filed with address: 80 Varick St, 10B, NY, NY upon whom process against the LLC mail process to: c/o Business Filings Office location: NY County. SSNY Secy of State of NY (SSNY) on 10013. Purpose: any lawful act. 1/17/14. Office location: NY County. may be served. SSNY shall mail Inc., 187 Wolf Rd., Ste. 101, Albany, designated agent upon whom process SSNY designated agent upon whom process to: 243 18th St., NY, NY NY 12205, regd. agt. upon whom may be served and shall mail copy of Notice of Qual. of Alpha4X Onshore process may be served and shall 10011. Reg Agent: Debra Derecola, process may be served. Purpose: process against LLC to: c/o TORKIAN Feeder Fund LP, Auth. filed Sec'y of mail copy of process against LLC to 85 8th Ave., Apt #5U, NY, NY 10011. practice chiropractic. GROUP 1650 Broadway, Ste 910, NY, State (SSNY) 5/2/13. Office loc.: NY principal business address: 150 West Purpose: Any Lawful Purpose. NY 10019. Principal business address: Cty. LP org. in DE 4/30/13. SSNY Notice of Formation of ZHU LAW FIRM, 1265 Broadway, NY, NY 10001. 28th St, Ste 402, NY NY 10001. Soom America LLC Arts of Org filed desig. as agent of LP upon whom PLLC. Arts. of Org. was filed with Purpose: any lawful act. Purpose: any lawful act. with NY Sec of State (SSNY) on 3/5/13. SSNY on 2/26/14. Office location: New process against it may be served. Office: New York County. SSNY des- York. SSNY designated as agent of BX PROPERTIES MANAGERS LLC, SSNY shall mail copy of proc. to Att: Doppio Hudson Street LLC. Arts. of ignated as agent of LLC upon whom LLC whom process against may be a domestic LLC, filed with the SSNY Manuel Mejia-Aoun, 1040 Ave of the Org. filed with Secy. of State of NY process may be served. SSNY shall served. SSNY shall mail process to: on 2/19/14. Office location: New York Americas, NY, NY 10018. DE off. addr.: (SSNY) on 09/17/13. Off. loc.: New mail process to: J P Accounting 1501 Broadway, 12th Fl. #12127, County. SSNY is designated as CSC, 2711 Centerville Rd., Wilmington, York Co. SSNY des. as agent of LLC Company LLC, 34 W 27th St, #301, New York, NY 10036. Purpose: to agent upon whom process against DE 19808. Cert. of LP on file: SSDE, upon whom process may be served. NY, NY 10001. General Purposes. engage in the practice of Law. the LLC may be served. SSNY shall Townsend Bldg., Dover, DE 19901. SSNY shall mail process to 24 mail process to The LLC, c/o Yuco Name/addr. of each gen. ptr. avail. at Notice of Qualification of GREENLAND Notice of Qualification of COURTNEY Clinton Ave., Huntington, NY 11743. Management, 200 Park Ave., 11th SSNY. Purp.: any lawful activities. LA METROPOLIS DEVELOPMENT I ONE MANAGER LLC. Authority filed Purpose: General. Fl., NY, NY 10166. General Purpose. LLC. Authority filed with Secy. of State with Secy. of State of NY (SSNY) on Notice of Qualification of Schireson Notice of Qualification of Guterman- of NY (SSNY) on 03/19/14. Office 03/19/14. Office location: NY County. Notice of Qualification of Ampere Associates, LLC. Fictitious Name: CPW Partners, LLC. Authority filed location: NY County. LLC formed in LLC formed in Delaware (DE) on Solar Owner III, LLC. Authority filed Schireson Associates, LLC, of with Secy. of State of NY (SSNY) on Delaware (DE) on 02/27/14. SSNY 03/11/14. Princ. office of LLC: 1720 with Secy. of State of NY (SSNY) on Delaware. Authority filed with Secy. of 3/25/14. Office location: New York designated as agent of LLC upon Post Rd., Fairfield, CT 06824. SSNY 3/10/14. Office location: New York State of NY (SSNY) on 2/25/14. Office County. LLC formed in Delaware (DE) whom process against it may be designated as agent of LLC upon whom County. LLC formed in Delaware (DE) location: New York County. LLC on 3/24/14. SSNY designated as served. SSNY shall mail process to process against it may be served. on 3/4/14. SSNY designated as agent formed in Delaware (DE) on 1/29/14. agent of LLC upon whom process Greenland US Holding Inc., 515 S. SSNY shall mail process to c/o of LLC upon whom process against it SSNY designated as agent of LLC against it may be served. SSNY shall Figueroa St., Ste. 17F, Los Angeles, Ceruzzi Properties LLC at the princ. may be served. SSNY shall mail upon whom process against it may be mail process to: 1721 Breakers West CA 90071. DE addr. of LLC: 2711 office of the LLC. DE addr. of LLC: c/o process to: c/o Corporation Service served. SSNY shall mail process to: Blvd., West Palm Beach, FL 33411. Centerville Rd., Ste. 400, Wilmington, Corporation Service Co., 2711 Company, 80 State St., Albany, NY 3 Columbus Circle, 22nd Fl., NY, NY Address to be maintained in DE: 160 DE 19808. Arts. of Org. filed with Centerville Rd., Ste. 400, Wilmington, 12207-2543. Address to be maintained 10019. Address to be maintained in Greentree Dr., Ste. 101, Dover, DE Secy. of State of State of DE, DE DE 19808. Arts. of Org. filed with DE in DE: 2711 Centerville Rd., Ste. 400, DE: 160 Greentree Dr., Ste. 101, 19904. Arts of Org. filed with the DE Dept. of State, Divs. Of Corps., John Secy. of the State, Div. of Corps., John Wilmington, DE 19808. Arts of Org. Dover, DE 19904. Arts of Org. filed Secy. of State, John G. Townsend G. Townsend Bldg., 401 Federal St.- G. Townsend Bldg., 401 Federal St., filed with the DE Secy. of State, 401 with the DE Secy. of State, 401 Bldg., 401 Federal St., Ste. 4, Dover, DE Ste.4, Dover, DE 19901. Purpose: Ste. 4, Dover, DE 19901. Purpose: Federal St., Dover, DE 19901. Federal St., Ste. 4, Dover, DE 19901. 19901. Purpose: any lawful activities. Any lawful activity. Any lawful activity. Purpose: any lawful activities. Purpose: any lawful activities.

20 | Crain’s New York Business | April 14, 2014 TO PLACE A CLASSIFIED AD CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of CREDIT Notice of Qualification of TP-HF Notice of Qualification of LYRIC Notice of Qualification of TASHTEGO Notice of Qualification of BORO SUISSE NEXT INVESTORS, LLC. Acquisition, LLC. Authority filed with THEATRE, LLC. Authority filed with MANAGEMENT COMPANY LLC. ASSOCIATES LLC. App. for Auth. Authority filed with Secy. of State of NY NY Dept. of State on 10/24/13. Office Secy. of State of NY (SSNY) on Authority filed with Secy. of State of NY filed with Secy. of State of NY (SSNY) (SSNY) on 02/24/14. Office location: location: NY County. LLC formed in 04/26/13. Office location: NY County. (SSNY) on 03/03/14. Office location: 11/12/13. Office location: NY County. NY County. LLC formed in Delaware DE on 3/19/13. NY Sec. of State LLC formed in Delaware (DE) on NY County. LLC formed in Delaware LLC formed in Delaware (DE) on (DE) on 09/20/13. Princ. office of LLC: designated agent of LLC upon whom 04/11/13. NYS fictitious name: LYRIC (DE) on 02/18/14. SSNY designated 10/18/13. SSNY designated as agent 11 Madison Ave., NY, NY 10010. SSNY process against it may be served and BROADWAY, LLC. SSNY designated as agent of LLC upon whom process of LLC upon whom process against designated as agent of LLC upon whom shall mail process to the principal as agent of LLC upon whom process against it may be served. SSNY shall it may be served. SSNY shall mail process against it may be served. SSNY business addr.: 280 Park Ave., 41st against it may be served. SSNY shall mail process to David Halliwill, 410 process to: c/o Botsaris Morris Realty shall mail process to the LLC at the Fl., NY, NY 10017. DE addr. of LLC: mail process to c/o Herrick, Feinstein Park Ave., Ste. 530, NY, NY 10022. Group LLC, Attn: Guy Morris, 358 princ. office of the LLC. DE addr. of Corporation Service Co., 2711 LLP, Attn: J. Rogers, 2 Park Ave., NY, DE addr. of LLC: c/o Corporation Fifth Ave., Ste. 902, NY, NY 10001. DE LLC: c/o Corporation Service Co., 2711 Centerville Rd., Ste. 400, Wilmington, NY 10016. DE addr. of LLC: c/o Service Co., 2711 Centerville Rd., address of LLC: c/o United Corporate Centerville Rd., Ste. 400, Wilmington, DE 19808. Cert. of Form. filed with DE National Registered Agents, Inc., 160 Wilmington, DE 19808. Arts. of Org. Services, Inc., 874 Walker Road, Ste. DE 19808. Arts. of Org. filed with DE Sec. of State, Townsend Bldg., Dover, Greentree Dr., Ste. 101, Dover, DE filed with DE Secy. of State, 401 C, Dover, DE 19904. Cert. of Form. Secy. of State, Div. of Corps., John DE 19901. Purpose: any lawful activity. 19904. Arts. of Org. filed with Jeffrey Federal St., Dover, DE 19901. filed with DE Secy. of State, G. Townsend Bldg., 401 Federal St. - W. Bullock, DE Secy. of State, Purpose: Any lawful activity. Townsend Bldg., Dover, DE 19901. Ste. 4, Dover, DE 19901. Purpose: NOTICE OF FORMATION OF The Townsend Bldg., 401 Federal St., Purpose: any lawful activity. This entity will make investments. Langer Syringe, LLC. Arts of Org filed Ste. 3, Dover, DE 19901. As amend- Formation of Hannah Blumenthal with Secy of State of NY (SSNY) on ed by Cert. of Amendment filed with Design, LLC filed with the Secy. of The professional limited liability com- Notice of Formation of ESHGM 2014, 3/10/14. Office location: NY County. SSNY on 06/28/13, the addr. of the State of NY (SSNY) on 12/17/13. pany name is Sander Rabin H+Juris LLC. Arts. of Org. filed with Secy. of SSNY designated agent upon whom principal place of business of the Office loc.: New York County. SSNY PLLC. The Articles of Organization State of NY (SSNY) on 03/12/14. process may be served and shall LLC is: 214 W. 43rd St., NY, NY designated as agent of LLC upon were filed with the NY Secretary of Office location: NY County. SSNY mail copy of process against LLC to: 10036. Purpose: Any lawful activity. whom process against it may be State on March 13, 2014. The designated as agent of LLC upon whom Finkelstein Platt LLP, 11 Broadway, served. The principal business loc. PLLC’s office is in Westchester process against it may be served. Ste 615, NY, NY 10004. Principal NOTICE OF FORMATION of Shubert and address SSNY shall mail County. Business Filings Inc is desig- SSNY shall mail process to the LLC, business address: 933 Fifth Ave NY, and Booth Cumming, LLC. Arts. Of process to is 175 Varick St., 8th Fl., nated as the PLLC’s agent for serv- One Morton Sq., Apt. 9CW, NY, NY NY 10021. Purpose: any lawful act. Org. filed with NY Dept. of State on New York, NY 10014. Mgmt. shall ice of process at 187 Wolf Rd Suite 3/5/14. Office location: NY County. be by one or more members. 101 Albany NY 12205. The PLLC is 10014. Purpose: Any lawful activity. Notice of Formation of: Culloden Sec. of State designated agent of LLC Purpose: Any lawful activity. managed by a manager. The purpose Group LLC. Articles of Organization NOTICE OF FORMATION OF NY Shine upon whom process against it may of the PLLC is to practice law. filed with the Secretary of State of LLC. Arts of Org filed with Secy of be served and shall mail process to: Notice of Formation of NFF New NY on 11/05/2013. Office location: Notice of Formation of Recast 24-26 State of NY (SSNY) on 10/21/13. c/o Gilbert Hoover, IV, The Shubert Markets Fund XXXIV, LLC. Arts. of New York County SSNY has been Park Place, LLC. Arts. of Org. filed Office location: NY County. SSNY Organization, Inc., 234 W. 44th St., Org. filed with NY Dept. of State on designated as agent upon whom with NY Dept. of State on 11/26/2013. designated agent upon whom process NY, NY 10036, principal business 2/24/14. Office location: NY County. process against it may be served. Office location: NY County. Princ. bus. may be served and shall mail copy of address. Purpose: any lawful activity. Sec. of State designated agent of process against LLC to: Northwest The Post Office address to which the LLC upon whom process against it addr.: 1 MetroTech Ctr., Brooklyn, NY Registered Agent, 90 State St, Ste 700, SSNY shall mail a copy of any Notice of Formation of Bad Boy may be served and shall mail 11201. Sec. of State designated Office 40, Albany, NY 12207. Principal process against the LLC served Productions OpCo LLC. Arts. of Org. process to: Nonprofit Finance Fund, agent of LLC upon whom process business address: 29 King St, Apt 1d, upon him/her is: 40 East 89th Street, filed with Secy. of State of NY (SSNY) 70 W. 36th St., 11th Fl., NY, NY against it may be served and shall NY, NY 10014. Purpose: any lawful act. Suite 12F, New York, NY 10128. The on 03/13/14. Office location: NY 10018, principal business address. mail process to: 131 W. 24th St., Apt. principal business address of the County. Princ. office of LLC: 1710 Purpose: any lawful activity. 2, NY, NY 10011, Attn: Betsy Jacobs, Notice of Formation of JDL Nautical, LLC is: 40 East 89th Street, Suite Broadway, NY, NY 10019. SSNY regd. agent upon whom process may LLC. Arts. of Org. filed with Secy. of 12F, New York, NY 10128. designated as agent of LLC upon whom Notice of Formation of Bad Boy be served. Term: until 11/24/2063. State of NY (SSNY) on 2/12/14. Office process against it may be served. Touring OpCo LLC. Arts. of Org. filed Purpose: all lawful purposes. location: NY County. SSNY designated Notice of Formation of 122 Owners SSNY shall mail process to with Secy. of State of NY (SSNY) on Notice of qualification of NYC Fashion as agent of LLC upon whom process LLC. Arts. of Org. filed with Secy. of Corporation Service Co., 80 State 03/13/14. Office location: NY County. Production Fund, LLC. Arts of Org against it may be served. SSNY shall State of NY (SSNY) on 2/26/14. Office St., Albany, NY 12207-2543. Princ. office of LLC: 1710 Broadway, filed with Secy of State of NY (SSNY) mail process to: Gerald Lazar, 75 East location: NY County. SSNY designated Purpose: Any lawful activity. NY, NY 10019. SSNY designated as on 12/6/2013. Office location: NY End Avenue, Apt. 17E, NY, NY 10028- as agent of LLC upon whom process agent of LLC upon whom process County. LLC Formed in DE on 7909. Purpose: any lawful activity. against it may be served. SSNY shall NOTICE OF QUALIFICATION of against it may be served. SSNY shall mail process to: c/o Office of Take-2-Productions, L.L.C. Authority mail process to Corporation Service 11/13/13. SSNY designation agent CNI CREATE NEW IDEAS LLC, a Lawrence E. Fabian, Esq., 437 Fifth filed with Secy of State of NY (SSNY) Co., 80 State St., Albany, NY 12207- upon whom process may be served domestic LLC, filed with the SSNY on Ave., Ste. 801, New York, NY 10016. on 1/31/14. Office location: NY County. 2543. Purpose: Any lawful activity. and shall mail copy of process 2/25/14. Office location: New York Purpose: any lawful activity. LLC formed in MO on 8/5/1998. SSNY against LLC to: Corp. Serv., Co. 80 County. SSNY is designated as agent designated agent upon whom process Notice of Formation of PARK State St, Albany, NY 12207-2543. Notice of Formation of Sparrow By upon whom process against the LLC may be served and shall mail copy of CHOCOLATE 275 LLC. Arts. of Org. Principal business address: 1700 Seymour & Paul, LLC, Art. of Org. filed may be served. SSNY shall mail process against LLC to principal filed with Secy. of State of NY Broadway, 19th Flr NY, NY. Cert. of Sec'y of State (SSNY) 11/26/13. Office process to c/o Christina Kallas Esq., business address: 1906 Wyandotte, (SSNY) on 02/28/14. Office location: LLC filed with Secy of State of NY: location: NY County. SSNY designated 5009 Broadway, Ste. 604, NY, NY Kansas City, MO 64108. Cert. of LLC NY County. Princ. office of LLC: c/o 401 Federal St., Ste 3, Dover, DE as agent of LLC upon whom process 10034. General Purpose. filed with Secy of State of MO: 600 Emmet, Marvin & Martin LLP, Attn: 19901. Purpose any lawful act. against it may be served. SSNY shall Robert Carver, 120 Broadway, 32nd West Main St, Jefferson City, MO Notice of Qual. of Rhone Music Notice of Formation of AGW NYY LLC. mail copy of process to Dorothy Weber, Fl., NY, NY 10271. SSNY designated 65101. Purpose: any lawful act. Holdings, LLC, Auth. filed Sec'y of Arts. of Org. filed with Secy. of State 494 Eighth Ave., 6th Fl., NY, NY 10001. as agent of LLC upon whom process State (SSNY) 10/15/13. Office loc.: NY of NY (SSNY) on 02/19/14. Office Purpose: any lawful activities. NOTICE OF FORMATION OF BETTER against it may be served. SSNY location: NY County. SSNY desig- County. LLC org. in DE 2/16/12. SSNY Notice of Formation of Quik Park BROKERS, LLC. Articles of Organization shall mail process to the LLC at the nated as agent of LLC upon whom desig. as agent of LLC upon whom Morton LLC. Arts. of Org. filed with filed with Secretary of State of NY addr. of its princ. office. Purpose: process against it may be served. process against it may be served. Secy. of State of NY (SSNY) on (SSNY) on 1/21/14. Office location: NY Any lawful activity. SSNY shall mail process to the LLC, SSNY shall mail copy of proc. to 250 2/24/14. Office location: NY County. County. SSNY designated agent upon 500 Park Ave., Apt. 14F, NY, NY Notice of Qual. of Alpha4X Asset West St., Apt. 6D, NY, NY 10013. DE SSNY designated as agent of LLC whom process may be served and off. addr.: 160 Greentree Dr., Ste. 101, 10022. Purpose: Any lawful activity. shall mail copy of process against Management, LLC, Auth. filed Sec'y of upon whom process against it may State (SSNY) 5/14/13. Office loc.: NY Dover, DE 19904. Cert. of Form. on be served. SSNY shall mail process LLC to principal business address: file: SSDE, Townsend Bldg., Dover, DE Notice of Formation of 18W 125 Assoc. 15 W. 72nd St., #17M, NY, NY County. LLC org. in DE 11/9/12. SSNY LLC. Arts. of Org. filed with Secy. of to: The LLC, 247 W. 37th St., NY, NY desig. as agent of LLC upon whom 19901. Purp.: any lawful activities. 10018. Purpose: any lawful purpose. 10023. Purpose: any lawful activity. State of NY (SSNY) on 1/9/14. Office process against it may be served. NOTICE OF FORMATION OF BUTLER location: NY County. SSNY designated NOTICE OF FORMATION OF Triangle Notice of formation of 163 Bleecker SSNY shall mail copy of proc. to Att: RIDE, LLC. Arts of Org filed with as agent of LLC upon whom process J Fund I LLC. Arts of Org filed with Street, LLC. Arts of Org filed with Secy Manuel Mejia-Aoun, 1040 Ave of the Secy of State of NY (SSNY) on against it may be served. SSNY shall Secy of State of NY (SSNY) on of State of NY (SSNY) on 2/7/14. Americas, NY, NY 10018. DE off. addr.: 2/6/14. Office location: NY County. mail process to: c/o The LLC, 435 2/20/14. Office location: NY County. Office location: NY County. SSNY has CSC, 2711 Centerville Rd., Wilmington, SSNY designated agent upon whom Fifth Ave., 4th Fl., NY, NY 10016. SSNY designated agent upon whom been designated as agent of the LLC DE 19808. Cert. of Form. on file: process may be served and shall Purpose: any lawful activity. process may be served and shall mail upon whom process against it may SSDE, Townsend Bldg., Dover, DE mail copy of process against LLC to be served. SSNY shall mail process 19901. Purp.: any lawful activities. NOTICE OF FORMATION OF Phillips copy of process against LLC to: c/o principal business address: 212-14 JD Stettin, 152 W. 57th St, Flr 53, NY, served to: 1500 Broadway, 22nd, NY, 48th Ave, Bayside, NY 11364. & Pfau, LLP. Arts of Org filed with NY 10036. Purpose: any lawful act. THE LAW OFFICE OF GRISEL Secy of State of NY (SSNY) on NY 10019. Principal business BLANCO-OBREGON, LLC, a domestic Purpose: any lawful act. address: 259 W 70th St, #2R, NY, NY 11/7/13. Office location: NY County. NOTICE OF FORMATION OF AJ City PLLC, Arts. of Org. filed with the SSNY NOTICE OF FORMATION OF 10023. Purpose: any lawful act. SSNY designated agent upon whom Property LLC. Arts of Org filed with on 12/12/13. Office location: New York SHRINATHJI KRUPA LLC. Arts of Org process may be served and shall Tru Dynamic Group LLC. Arts of Org Secy of State of NY (SSNY) on County. SSNY is designated as agent filed with Secy of State of NY (SSNY) mail copy of process against LLP to filed with Secy of State of NY (SSNY) 1/16/14. Office location: NY County. upon whom process against the PLLC on 10/31/13. Office location: NY principal business address: 817 on 2/4/2014. Office location: New SSNY designated agent upon whom may be served. SSNY shall mail County. SSNY designated agent upon Broadway, 10th Floor, NY, NY 10003. York County. SSNY designated agent process may be served and shall process to: The LLC, 221 E. 89th St., whom process may be served and Purpose: practice of law. upon whom process may be served mail copy of process against LLC to: #1A, NY, NY 10128. Purpose: Law. shall mail copy of process against and shall mail copy of process 247 W. 38th St, Ste. 404, NY, NY LLC to principal business address: Notice of Qualification of EAM 40 against LLC to: 134 W. 29th Street 10018. Principal business address: Notice of Qualification of ROMARK Hemal Sheth, 238 Lafayette St., NY, Meadow Lane LLC. Authority filed 11th Floor, New York NY 10001. 419 W. 145th St, NY, NY 10031. LABORATORIES, L.C. Authority filed NY 10012. Purpose: any lawful act. with NY Dept. of State on 12/24/13. Principal business address: 134 W. Purpose: any lawful act. with Secy. of State of NY (SSNY) on Office location: NY County. Princ. bus. 29th Street 11th Floor, New York NY 2/25/14. Office location: New York Notice of Qualification of Arhaus, LLC. addr.: 600 Madison Ave., 17th Fl., 10001. Purpose: any lawful act. Notice of Qual. of Agosto I Capital, LLC, County. LLC formed in Florida (FL) on Authority filed with NY Dept. of State NY, NY 10022. LLC formed in DE on Auth. filed Sec'y of State (SSNY) 10/24/94. SSNY designated as agent on 3/3/14. Office location: NY County. 6/19/13. NY Sec. of State designated Notice of Formation of CB-GAA LLC. 7/11/13. Office loc.: NY County. LLC of LLC upon whom process against LLC formed in DE on 12/19/13. NY agent of LLC upon whom process Arts. of Org. filed with Secy. of State org. in DE 7/10/13. SSNY desig. as it may be served. SSNY shall mail Sec. of State designated agent of LLC against it may be served and shall of NY (SSNY) on 03/21/14. Office agent of LLC upon whom process process to: c/o National Registered upon whom process against it may be mail process to: c/o CT Corporation location: NY County. Princ. office of against it may be served. SSNY shall Agents, Inc., 111 Eighth Ave., NY, NY served and shall mail process to: Allan System, 111 8th Ave., NY, NY 10011, LLC: c/o Hotel Edison, 228 W. 47th mail copy of proc. to Att: Ed Bosek, 10011, also the registered agent. C. Churchmack, 7700 Northfield Rd., regd. agent upon whom process may St., NY, NY 10036. SSNY designated 1330 Ave of the Americas, 6th Fl., NY, Address to be maintained in FL: Walton Hills, OH 44146, principal be served. DE addr. of LLC: 1209 as agent of LLC upon whom process NY 10019. DE off. addr.: CSC, 2711 3000 Bayport Dr., Ste. 200, Tampa, business address. DE address of LLC: Orange St., Wilmington, DE 19801. against it may be served. SSNY shall Centerville Rd., Wilmington, DE FL 33607. Arts of Org. filed with the 1209 Orange St., Wilmington, DE Cert. of Form. filed with DE Sec. of mail process to the LLC at the addr. 19808. Cert. of Form. on file: SSDE, FL Secy. of State, 2661 Executive 19801. Cert. of Form. filed with DE Sec. State, P.O. Box 898, Dover, DE of its princ. office. Purpose: Any Townsend Bldg., Dover, DE 19901. Center Circle, Tallahassee, FL 32301. of State, 401 Federal St., Dover, DE 19903. Purpose: all lawful purposes. lawful activity. Purp.: any lawful activities. Purpose: any lawful activities. 19901. Purpose: all lawful purposes.

April 14, 2014 | Crain’s New York Business | 21 ultimately New York will be a much privately on a candidate,and the lat- the engineers.We’re putting the en- Tech talent scramble bigger market just because of the fi- ter eventually chooses several firms gineer first and foremost.” nance and media industries, which to consider from the dozen or so that Hired, which raised $15 million are all actively seeking engineering are likely to have made offers. in a Series-A financing round in Continued from Page 6 sionals have sought jobs on the site, talent.” Hired is set up to be transparent March, has four employees in its an alternative to traditional re- and more than 100 companies have The company,which launched as for both sides, which, Mr. Mick- SoHo office. Mr. Mickiewicz ex- cruiters. Its official launch comes used it for recruiting. DeveloperAuction.com in 2012, iewicz argues, is not the case with a pects the New York team to grow to more than three months since it be- “The adoption has been ab- takes only about 5% to 10% of the typical recruiting firm. eight by the end of the year. gan a trial phase here, and found its solutely staggering,” said co- engineers and others who apply,and “Recruiters will have favorite The company makes money by business growing faster than it had founder Matt Mickiewicz. “The is also selective about which compa- clients who give them repeat busi- charging a business 1% of a new at its home base in San Francisco. number of companies participating nies it works with, Mr. Mickiewicz ness and pay a fee for a first look,”he hire’s salary each month for 24 More than 600 engineers, prod- in the first 60 days took six months said. During the course of a typical said. “At the end of the day, the re- months. Clients include Gilt, Nas- uct managers and other tech profes- to achieve in San Francisco. I think weeklong auction, companies bid cruiter works for the companies,not daq and OpenTable. Ⅲ

TO PLACE A CLASSIFIED AD CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of GAIA NOTICE OF FORMATION OF YTD Notice of Qualification of ARCP Notice of Qualification of Anibar Group Application for Authority of MedAuth, PROPERTIES, LLC. Authority filed Partners LLC. Arts of Org filed with WELET1401, LLC. Authority filed LLC. Authority filed with Secy. of LLC filed with the Secy. of State of NY with Secy. of State of NY (SSNY) on Secy of State of NY (SSNY) on with Secy. of State of NY (SSNY) on State of NY (SSNY) on 4/1/14. Office (SSNY) on 3/11/14. The LLC was 03/31/14. Office location: NY County. 8/23/13. Office location: NY County. 03/31/14. Office location: NY County. location: New York County. LLC formed in DE 12/12/00. Office loc.: New LLC formed in Delaware (DE) on SSNY designated agent upon whom LLC formed in Delaware (DE) on formed in Delaware (DE) on 4/1/14. York County. SSNY is designated as 12/20/13. SSNY designated as agent process may be served and shall 03/12/14. SSNY designated as agent SSNY designated as agent of LLC agent of LLC upon whom process of LLC upon whom process against mail copy of process against LLC to: of LLC upon whom process against upon whom process against it may be against it may be served. The principal it may be served. SSNY shall mail 7014 13th Ave, Ste 202, Brooklyn, NY it may be served. SSNY shall mail served. SSNY shall mail process to: business loc. and address SSNY shall process to c/o Corporation Service 11228. Principal business address: process to c/o CSC, 80 State St., c/o Sentinel Data Centers, 120 West mail copy of process is 80 Broad St., Co. (CSC), 80 State St., Albany, NY 1375 Broadway, Ste 600, NY, NY Albany, NY 12207. DE addr. of LLC: 45th St., Ste. 2610, NY, NY 10036, 5th Fl., New York, NY 10004. The 12207-2543, regd. agent upon whom 10018. Purpose: any lawful act. 2711 Centerville Rd., Ste. 400, Attn: Gilad Rabina. Address to be office address in DE is 203 NE Front and at which process may be served. Wilmington, DE 19808. Arts. of Org. maintained in DE: Harvard Business St., Ste. 101, Milford, DE 19963. Cert. DE addr. of LLC: 1000 West St., Ste. Notice of Formation of Park Avenue filed with DE Secy. of State, Div. of Services, Inc., 16192 Coastal Hwy., of Formation filed with Jeffrey W. 1400, Wilmington, DE 19801. Arts. of Endocrinology & Nutrition, PLLC. Arts. Corps., 401 Federal St., Ste. 4, Lewes, DE 19958. Arts of Org. filed Bullock, DE Sec. of State, Div. of Org. filed with Secy. of State, Div. of of Org. filed with Secy. of State of NY Dover, DE 19901. Purpose: Any with the DE Secy. of State, 401 Corporations, PO Box 898, Dover, DE Corps., Townsend Bldg., 401 Federal (SSNY) on 04/03/14. Office location: lawful activity. Federal St., Dover, DE 19901. 19903. Purpose: Any lawful activity. St., Dover, DE 19901. Purpose: Any New York County. SSNY designated Purpose: any lawful activities. lawful activity. as agent of LLC upon whom process Notice of Qualification of 650 Madison Notice of Qual. of Alpha4X Participation against it may be served. SSNY shall Retail Manager LLC. Authority filed Notice of Qualification of WHUSA LLC. LLC, Auth. filed Sec'y of State (SSNY) Notice of Qualification of EMERALD mail process to: c/o Delaney Corporate with NY Dept. of State on 9/25/13. Authority filed with Secy. of State of NY 5/14/13. Office loc.: NY County. LLC EXPOSITIONS, LLC. Authority filed Services, Ltd., 99 Washington Ave., Office location: NY County. Princ. bus. (SSNY) on 04/02/14. Office location: org. in DE 2/12/13. SSNY desig. as with Secy. of State of NY (SSNY) on Ste. 805A, Albany, NY 12210. addr.: 210 Route 4 East, Paramus, NY County. LLC formed in Delaware agent of LLC upon whom process 03/12/14. Office location: NY County. Purpose: to practice the profession NJ 07652. LLC formed in DE on (DE) on 03/24/14. SSNY designated against it may be served. SSNY shall LLC formed in Delaware (DE) on of medicine and any lawful activities. 9/19/13. NY Sec. of State designated as agent of LLC upon whom process mail copy of proc. to Att: Manuel agent of LLC upon whom process against it may be served. SSNY shall Mejia-Aoun, 1040 Ave of the Americas, 01/11/94. SSNY designated as agent Notice of Formation of CARLO BIGI against it may be served and shall mail process to c/o Tannenbaum NY, NY 10018. DE off. addr.: CSC, of LLC upon whom process against it EXECUTIVE CHEF, LLC. Arts. of Org. mail process to: c/o CT Corporation Helpern Syracuse & Hirschtritt LLP, 2711 Centerville Rd., Wilmington, DE may be served. SSNY shall mail process filed with Secy. of State of NY System, 111 8th Ave., NY, NY 10011, Attn: Michael G. Tannenbaum, Esq., 19808. Cert. of Form. on file: SSDE, to c/o Corporation Service Co., 80 (SSNY) on 01/08/14. Office location: regd. agent upon whom process may 900 Third Ave., NY, NY 10022-4775. Townsend Bldg., Dover, DE 19901. State St., Albany, NY 12207-2543. DE NY County. SSNY designated as be served. DE addr. of LLC: 1209 DE addr. of LLC: c/o Corporation Purp.: any lawful activities. addr. of LLC: 2711 Centerville Rd., Ste. agent of LLC upon whom process Orange St., Wilmington, DE 19801. Service Co., 2711 Centerville Rd., 400, Wilmington, DE 19808. Arts. of against it may be served. SSNY shall Cert. of Form. filed with DE Sec. of Ste. 400, Wilmington, DE 19808. Arts. Org. filed with DE Secy. of State, Div. mail process to Corporation Service Notice of Formation of NFF New State, 401 Federal St., Dover, DE of Org. filed with Secy. of State of DE, of Corps., John G. Townsend Bldg., Co., 80 State St., Albany, NY 12207, Markets Fund XXXV, LLC. Arts. of 19901. Purpose: any lawful activity. 401 Federal St., Ste. 4, Dover, DE 401 Federal St. - Ste. 4, Dover, DE regd. agent upon whom and at Org. filed with NY Dept. of State on 19901. Purpose: Any lawful activity. 19901. Purpose: Any lawful activity. 2/24/14. Office location: NY County. which process may be served. Notice of Qualification of ENGINEERS Purpose: Any lawful activity. Sec. of State designated agent of Notice of Qualification of Code GATE FUND II GP LLC. Authority filed NOTICE OF FORMATION OF CITY LLC upon whom process against it Fellows NY, LLC. Authority filed with Notice of Formation of LSG Batting with Secy. of State of NY (SSNY) on HALL MEDICAL SUPPLIES, L.L.C. Arts may be served and shall mail NY Dept. of State on 2/12/14. Office Cages, LLC. Arts of Org filed with 03/13/14. Office location: NY County. of Org filed with Secy of State of NY process to: Nonprofit Finance Fund, location: NY County. LLC formed in Secy of State of NY (SSNY) on LLC formed in Delaware (DE) on (SSNY) on 11/15/13. Office location: 70 W. 36th St., 11th Fl., NY, NY WA on 1/27/14. NY Sec. of State 10/1/2012. Office location: New York 03/11/14. SSNY designated as agent NY County. SSNY designated agent 10018, principal business address. designated agent of LLC upon whom County. SSNY designated as agent of of LLC upon whom process against upon whom process may be served Purpose: any lawful activity. process against it may be served LLC upon whom process against it may it may be served. SSNY shall mail and shall mail copy of process and shall mail process to: c/o CT be served. SSNY shall mail process process to The LLC, 640 Fifth Ave., against LLC to principal business Notice of Qual. of T Media Sales, LLC, Corporation System, 111 8th Ave., NY, to: The LLC, 270 Broadway, Apartment 19th Fl., NY, NY 10019. DE addr. of address: 281 Broadway, 2nd Flr, NY, Auth. filed Sec'y of State (SSNY) NY 10011, regd. agent upon whom 26BT, New York, NY 10007. LLC: Corporation Service Co., 2711 NY 10007. Purp.: any lawful act. 12/6/13. Office loc.: NY County. LLC process may be served. WA and Purpose: Any lawful purpose. Centerville Rd., Ste. 400, Wilmington, org. in DE 8/2/13. SSNY desig. as principal business addr.: 511 Boren DE 19808. Arts. of Org. filed with CDV HOLDINGS LLC, Arts. of Org. agent of LLC upon whom process Ave N #200, Seattle, WA 98109. Cert. ETTY BURK, PH.D. LLC, Arts. of Org. Secy. of State, State of DE, Dept. of filed with the SSNY on 02/12/2014. against it may be served. SSNY shall of Org. filed with WA Sec. of State, filed with the SSNY on 03/19/2014. State, Townsend Bldg., Dover, DE Office loc: NY County. SSNY has mail copy of proc. to 888 3rd St., 801 Capitol Way So., Olympia, WA Office loc: NY County. SSNY has 19901. Purpose: Any lawful activity. been designated as agent upon whom Atlanta, GA 30318. DE off. addr.: 160 98501. Purpose: all lawful purposes. been designated as agent upon whom process against the LLC may be Greentree Dr., Ste. 101, Dover, DE process against the LLC may be Notice of Formation: The Law Office served. SSNY shall mail process to: 19904. Cert. of Form. on file: SSDE, Qualification of GSO Cactus Credit served. SSNY shall mail process to: of Poorvi Chothani PLLC Arts. of Org. Lincoln Land Services LLC, 324 Townsend Bldg., Dover, DE 19901. Opportunities Fund LP. Authority filed 255 W. 84th St. Ste 1E, NY, NY 10024. filed with SSNY 2/14/2014. Off. Loc.: South Service Rd. Ste 302, Melville, NY Purp.: any lawful activities. with the Sect. of State of NY (SSNY) Purpose: Any Lawful Purpose. New York Cnty. SSNY designated as 11747. Purpose: Any Lawful Purpose. on 4/3/2014. Office Loc: NY County. agent of LLC whom process may be Notice of Formation of Studio LP formed in DE on 2/18/14. SSNY AKSHAYA LLC, a foreign LLC, filed served. SSNY shall mail process to: CARLYLE CAR PARK, LLC, a domestic Leopard, LLC, Art. of Org. filed Sec'y has been designated as agent of LP with the SSNY on 3/5/14. Office c/o the LLC, 244 Madison Ave., Suite LLC, filed with the SSNY on 1/30/14. of State (SSNY) 12/20/13. Office upon whom process against it may be location: New York County. SSNY is 2350, New York, NY 10016. Purpose: Office location: New York County. location: NY County. SSNY designated served and shall mail process to: 345 designated as agent upon whom all lawful activities. SSNY is designated as agent upon as agent of LLC upon whom process Park Avenue, 31st FL, NY, NY 10154. process against the LLC may be whom process against the LLC may be against it may be served. SSNY shall DE address of LP: 200 Bellevue Pkwy, served. SSNY shall mail process to: NOTICE OF FORMATION OF INVISA served. SSNY shall mail process to mail copy of process to DePaula & Ste 210, Wilmington, 19809. Grant, Hermann, Schwartz & Klinger, LOGISTIC SERVICES LLC. GGMC Parking, LLC, Attn: Andrew Clark, 30 W. 22nd St., 2W, NY, NY Name/addr. of genl. ptr. avail from LLP, Attn: Richard L. Hermann, Esq., Application for Authority filed with Grossman, 1651 3rd Ave., Rm. 307, NY, 10010. Purpose: any lawful activities. SSNY. Cert. of LP filed with DE Sect. 675 3rd Ave., 26th Fl., NY, NY 10017. Secretary of State of New York (SSNY) NY 10128-3679. General Purpose. of State, 401 Federal St, Ste 4, Dover, General Purposes. on 06/19/2012. LLC formed in Notice of Qualification of AEA Investors DE 19901. Purpose: any lawful activity. DISTRICT OF COLUMBIA on Notice of Qualification of RCB3 SBF LP. Authority filed with NY Dept. Notice of Qualification of 650 Madison 11/17/2010. SSNY has been designated Rental LLC. Authority filed with NY of State on 2/4/14. Office location: Notice of Qualification of Unitas Office Manager LLC. Authority filed as an agent upon whom process Dept. of State on 3/24/14. Office NY County. Princ. bus. addr.: 666 5th Global LLC. Authority filed with Secy. with NY Dept. of State on 9/25/13. against it may be served. The Post location: NY County. Princ. bus. Ave., 36th Fl., NY, NY 10103. LP of State of NY (SSNY) on 3/17/14. Office location: NY County. Princ. Office address to which the SSNY addr.: 125 High St., High St. Tower, formed in DE on 12/31/13. NY Sec. of Office location: New York County. LLC bus. addr.: 210 Route 4 East, Paramus, shall mail a copy of any process 27th Fl., Boston, MA 02110. LLC State designated agent of LP upon formed in California (CA) on 8/21/09. NJ 07652. LLC formed in DE on against the LLC served upon him/her formed in DE on 2/10/14. NY Sec. of whom process against it may be SSNY designated as agent of LLC 9/18/13. NY Sec. of State designated is: 1566 33rd St. NW, WASHINGTON, State designated agent of LLC upon served and shall mail process to: c/o upon whom process against it may be agent of LLC upon whom process D.C., 20007. The principal business whom process against it may be CT Corporation System, 111 8th Ave., served. SSNY shall mail process to: against it may be served and shall address of the LLC is: 1566 33rd St. served and shall mail process to: c/o NY, NY 10011, regd. agent upon whom National Registered Agents, Inc., 111 mail process to: c/o CT Corporation NW, WASHINGTON, D.C., 20007. CT Corporation System, 111 8th process may be served. DE addr. of Eighth Ave., NY, NY 10011. Address System, 111 8th Ave., NY, NY 10011, NEW YORK address of LLC is: 80 Ave., NY, NY 10011, regd. agent LP: The Corporation Trust Co., 1209 to be maintained in CA: 453 S. Spring regd. agent upon whom process may MAIDEN LANE, ROOM 302, NEW upon whom process may be served. Orange St., Wilmington, DE 19801. St., Ste. 728, Los Angeles, CA 90013. be served. DE addr. of LLC: 1209 YORK, NY 10038. Certificate of LLC DE addr. of LLC: 1209 Orange St., Name/addr. of genl.ptr. available Arts of Org. filed with the CA Secy. of Orange St., Wilmington, DE 19801. filed with Secretary of State of NEW Wilmington, DE 19801. Cert. of Form. from NY Sec. of State. Cert. of LP State, Business Entities, 1500 11th Cert. of Form. filed with DE Sec. of YORK located at: ONE COMMERCE filed with DE Sec. of State, 401 filed with DE Sec. of State, 401 St., Sacramento, CA 95814. State, 401 Federal St., Dover, DE PLAZA, 99 WASHINGTON AVE, Federal St., Dover, DE 19901. Federal St., Dover, DE 19901. Purpose: any lawful activities. 19901. Purpose: any lawful activity. ALBANY, NY 12231. Purpose: all lawful purposes. Purpose: all lawful purposes.

22 | Crain’s New York Business | April 14, 2014 After Nobody Beats the Wiz’s hand bags. A default judgment was Nobody beats the Wiz kids demise, Marvin Jemal seemed to ordered after ENE didn’t respond to struggle to find the next big thing. the complaint. He and Stephen invested in a Similarly,in 2010,a manufactur- Continued from Page 1 company called TecnoZone Inter- er in Taiwan flew to New York to de- now 43. “I was very sheltered. I was national, which sold a device that mand $838,000 due. Mr. Jemal re- easy pickings for Marvin Jemal.” claimed to block radiation from sponded by shutting down ENE He wasn’t the only one allegedly cellphones and TV screens by creat- Group, according to a federal law- duped. Mr. Jemal was accused of ing “a zone of biocompatibility suit filed by the supplier that was lat- stiffing two business partners in between you and your electronic de- er settled. He created a new compa- Asia out of more than $1 million in vices.”The Federal Trade Commis- ny in the luggage business called 2009.He allegedly defrauded a bank sion said the claim was false and in Underground Group and allegedly during the same period by providing 2003 ordered the Jemal brothers and gave his nonagenarian mother 99% fake invoices and shipping docu- another partner to pay $85,000.The of it, a move that wiped out Mr. ments for $7 million in business brothers didn’t contest the FTC Brandt’s investment. loans. When Mr. Jemal filed for case at the time and wouldn’t com- Mr. Brandt’s mother, too, was bankruptcy a second time, in 2011, ment on the matter. roped into the struggling venture. he told creditors that his only car After Cablevision shut down To help ENE Group get $7 million was a 1972 Volvo worth $1,000. He NEARLY 100 Nobody Beats the Wiz, Marvin Je- in bank loans, Mr. Brandt pledged didn’t mention the Porsche. STORES and more mal tried to rekindle the magic by the Florida condo she lived in as col- Earlier this year, the law caught than $1.5 billion in opening stores called the Zone. He lateral.When $6 million of the loans up with Mr. Jemal. The U.S. Attor- revenue in the mid- even trademarked the slogan “No- defaulted, the bank warned Mr. ney’s Office in Manhattan charged 1990s, then body Beats the Zone.” The stores Brandt it would seize the property. bankruptcy in 1997 the 60-year-old with bank fraud and closed in 2005, and he filed for After that notice,Mr.Brandt and money laundering. A court hearing bankruptcy the same year to shield Mr. Jemal met for the last time, in is scheduled for May 12. his assets from creditors. Bryant Park in 2009. Mr. Jemal, ac- “I cannot comment on the pend- Later that year, Mr. Jemal first cording to Mr. Brandt, vowed to ing indictment to which Mr. Jemal met Mr. Brandt. The Coast Guard prevent the bank from taking Mr. has entered a plea of not guilty,”Mr. pilot was in his early 30s at the time Brandt’s mother’s home—and Jemal’s attorney, Benjamin Braf- and struggling to manage a fortune promised he’d go away for good, if man, said last week.“The charges in left to him by his father, who owned Mr. Brandt would just give him that case, to my knowledge, have the Rialto Theatre on West 42nd some more money. Mr. Brandt’s in- nothing whatsoever to do with Mr. Street, among others. Mr. Brandt heritance money was gone, but he Brandt’s investment in a legitimate invested much of his inheritance in wrote a $10,000 check to Mr. company that unfortunately failed, stocks, but the market’s ebbs and Jemal’s ENE Group from his per- through no fault of Mr. Jemal.” flows caused him so much anxiety sonal account. It was his last dollar. Christopher Frey, the federal that he couldn’t sleep at night.A col- “I thought about murder- prosecutor handling Mr. Jemal’s lege buddy suggested they launch a suicide,”Mr.Brandt said.“I planned case, wouldn’t comment. ap images prepaid-credit-card business. The out my trip to Jemal’s house.” Mr. Jemal’s story provides a friend knew someone who knew Instead,he talked to the FBI.His glimpse into what has become of Douglas Jemal and younger brother more personal ways, too. Marvin Mr. Jemal, who was trying to devel- mother paid off the bank with her one of New York’s most successful Lawrence opened a store in Wash- Jemal and Eddie Antar, the head of op a prepaid phone card. own money so she could keep her families in retail. Twenty years ago, ington,D.C.,called Bargaintown in Crazy Eddie, shared an affection condo. Mr. Jemal and three of his brothers the mid-1960s, and then started a for dogs, for example. “I remember ‘Manna from heaven’ On the afternoon of Feb. 20, were making so much money from nearby discount electronics shop. Marvin buying Eddie a dog, or The Brooklyn-born stereo sales- 2014,Mr.Jemal was arrested at John selling stereos, televisions, phones Lawrence returned to New York, maybe Eddie bought one for Mar- man and the Broadway-theater heir F. Kennedy International Airport. and music that they explored buying and in 1976 the family opened an vin,” Mr. Antar said. “They were clicked. Mr. Jemal reminded Mr. Prosecutors say he diverted $3.5 the Baltimore Orioles. But Nobody electronics store in Brooklyn called joined at the hip.” Brandt of his father, who died in million of ENE Group loans for his Beats the Wiz sank into bankruptcy the Wiz, evidently because that was Eddie Antar didn’t return a call 1994. They had the same color eyes personal use and provided its bank in 1997, and in the years since, fam- Norman Jemal’s favorite Broadway seeking comment. (blue-gray), and Marvin’s middle with false financial statements. He ily members have suffered business show, according to a book by a for- After Crazy Eddie collapsed in name, Louis, was the first name of faces up to 110 years in prison. An and personal setbacks. mer sales clerk called Selling Ben an infamous 1980s accounting Mr. Brandt’s father. Mr. Brandt’s ENE associate,Mark Bernstein,has Marvin’s older brother Douglas, Cheever. As the stores grew city- scandal (and Eddie and Sam Antar marriage had recently ended, pleaded guilty. a prominent real estate developer in wide, the name changed to Nobody were convicted of fraud), business at adding to his neediness. Mr. Brandt said he’s ashamed Washington,D.C.,was convicted at Beats the Wiz. Nobody Beats the Wiz really took “When Marvin talked about that he squandered his fortune, but trial in 2006 for defrauding a lender Lawrence was president and off. By the mid-1990s, it had 2,000 building a business, he was fantastic has moved on and is focusing on his by falsifying a document and using younger brother Marvin was execu- employees working in 94 stores and, at providing a glimmer of hope, and military career.At least he no longer $430,000 in loan proceeds for a deal tive vice president, but both ran the according to a website for a compa- I’d want to hear that so bad,” Mr. has to question who his real friends different from the one specified. company, according to Billy Wein- ny run by Stephen Jemal, annual Brandt recalled. “When he let me are, he said. But if Mr. Jemal is sent Citing Douglas’ contributions to stein, a consultant who worked with revenue of more than $1.5 billion. visit his office in midtown,it was like to prison, Mr. Brandt thinks he’ll the community, a federal judge sen- the retailer. Stephen’s main role was manna from heaven.” visit his old partner. tenced him to five months’ proba- store construction. Mr. Brandt invested $500,000 in “I’d have one question for him: tion. Asked to comment for this ar- Douglas sold his stake back to ‘I’d have one Mr.Jemal’s prepaid-phone-card en- ‘Was it worth it?’ ” Ⅲ ticle,Douglas said,“I’m not going to the family in 1993 to focus on his terprise,which quickly went poof,as answer a thing.” real estate career in Washington. question for did $2.5 million plowed into a 40 UNDER 40 CORRECTIONS Marvin’s younger brother Lawrence, now president of videophone company. There were Shola Olatoye managed a community- Stephen tried to develop waterfront Manhattan-based apparel marketer Marvin: “Was it many other ventures, such as a cell- development program for HSBC. This fact was condominiums in Brooklyn but ap- ICER Brands, didn’t return calls phone company called 18 Mobile, a misstated in the March 31 40 Under 40 profile of parently was stymied by the finan- seeking comment. (ICER is an worth it?”’ media company named Cool Media Ms. Olatoye, chairwoman and CEO of the New cial crisis.He filed for bankruptcy in acronym for integrity, customer, ex- and a vehicle called Grey Goose York City Housing Authority. 2012 and now faces two suits from cellence and respect,according to its Marketing, which had nothing to Matt Salzberg ran, but did not start, a laundry business at Harvard. This information was investors who claim he overstated website.) do with vodka but rather was in- misstated in the profile of Mr. Salzberg, CEO of his personal fortune by more than Like the now-defunct Crazy tended to stoke interest in Mr. Blue Apron. $25 million. Stephen would not Eddie,another electronics and appli- Nobody Beats the Wiz TV ads Jemal’s projects. Artsy has more than 125,000 digitized works by comment for this story. ance retailer run by a Syrian family touting one sale after another be- Shortly after the 2006 dinner upward of 25,000 artists, as well as 240,000 from the same part of Brooklyn, No- came pop-culture phenomena. In party at Marvin Jemal’s home, Mr. registered users and more than 200 museum The Crazy Eddie connection body Beats the Wiz succeeded with a one Seinfeld episode, Elaine fell in Brandt made his biggest bet yet, in- and institutional partners and 1,500 galleries that have published works on the platform. This The Jemals grew up in a small, combination of aggressive discount- love with a Nobody Beats the Wiz vesting $12 million in a luggage information was misstated in CEO Carter two-bedroom apartment in a Jewish ing and nonstop advertising. pitchman.“He’s not idiotic.He’s the business called ENE Group, whose Cleveland’s profile. The name of the company enclave in south Brooklyn made up Sam Antar, Crazy Eddie’s for- Wiz. And nobody beats him,” initials stand for “excellence never also has changed from Art.sy. largely of Syrian immigrants.There mer chief financial officer,described Elaine said. “Nobody.” ends.”The company was Mr.Jemal’s Melissa Stevens has three children. This were six boys and two girls in the Je- the companies as friendly rivals.The The good times didn’t last, biggest success since Nobody Beats information was misstated in the profile of Ms. mal household. Four of the sons fol- Jemals would even ship over certain though. Big-box retailers like Best the Wiz, generating $10 million in Stevens, managing director of Internet and mobile banking at Citigroup. lowed in the footsteps of their fa- brands of merchandise that manu- Buy and Circuit City muscled in, annual revenue and employing 20 ther, Norman, who ran a discount facturers didn’t want sold at Crazy and Nobody Beats the Wiz filed for people, according to prosecutors. IAC/InterActiveCorp is a conglomerate comprising 150 brands. This information was retailer in lower Manhattan. Eddie stores because of aggressive bankruptcy a few days before The trouble was, he didn’t want misstated in the profile of Joey Levin, CEO of Court documents state that discounting, he said. Christmas in 1997. Cablevision to pay for the luggage. In 2009, a IAC’s Search & Applications division. “They gave Crazy Eddie a life- bought the company a few weeks Hong Kong company sued ENE The Yankees are the favorite team of nine of the LISTEN to a discussion at line,” Mr. Antar recalled. later for $80 million, only to close Group for failing to pay for 40 Under 40 honorees. This information was CrainsNewYork.com/podcasts The two families bonded in the stores for good in 2003. $184,000 worth of shoulder and misstated in a graphic.

April 14, 2014 | Crain’s New York Business | 23 record of focusing on housing and mits. A large percentage of those of the city,” Ms. Brewer said. “I’m Demolition freeze tenant issues. In fact, in 2004, when permits would have triggered a re- trying to spark a serious discussion Ms. Brewer represented the Upper view under the previous bill, which and improve the landmarks process West Side in the City Council, she also covered buildings older than 50 for the benefit of all.” Continued from Page 1 notes many buildings with zero his- signed on to a similar piece of legis- years, dramatically upping the de- A source in the City Council pre- down with her and discuss the pro- torical significance would be lation that made its way through sev- partment’s workflow. dicted that because of its sheer posal, which is still being written. brought into the fold, potentially eral hearings but didn’t pass. Among Things have not changed much. breadth, Ms. Brewer’s proposal Even extending the threshold age slowing down one of the city’s key the outspoken opponents of that The commission now receives would be unlikely to gain traction, to 80 years,however,would still mean economic engines—construction. measure was Landmarks itself, about the same number of requests but noted it highlights the frustra- that the law would cover more than “Generally, replacement build- which cited sheer logistics. for landmark status annually, in ad- tion felt on both sides of the debate half the buildings in the city—and ings are an improvement, but if an dition to 11,000 applications for al- about the way the landmarking going back a century would still put existing structure should be consid- Staff shortage terations to landmarked buildings. process in New York plays out. In more than half of Manhattan’s prop- ered a landmark, we have a process “It is unquestionable that the Back in 2004, Ms. Jackier point- fact, part of her proposal aims to fix erties in the group to be reviewed. for that,”Mr.Anderson said.“To put commission does not have the staff to ed out, the proposed rule addressed a common complaint about the Automatically bringing that everything under a blanket review— implement this bill,”said Diane Jack- a widespread problem: The com- commission: the lack of a standard- many buildings under the purview I don’t see the basis to do that.” ier, then director of community and mission often found out about a his- ized time frame for case hearings. of Landmarks, which would have Nonetheless, with a new, pro- government affairs at Landmarks. toric structure only when it was too Items that are “calendared” have the power to halt construction, has gressive administration in office in The problem then was that the late. Ms. Brewer and preservation- sat in the commission’s to-do box for members of the development com- the city,Mr.Anderson and others are commission reviewed about 200 re- ists like Simeon Bankoff,head of the decades. That effectively puts any munity—including Richard An- taking the proposal seriously.In part, quests for designation each year, but Historic Districts Council, say the development on these sites and any derson, president of the New York that is because Ms. Brewer is a savvy the city Department of Buildings is- same is true today. resolution on their landmark status Building Congress—worried. He and active politician with a track sued thousands of demolition per- “I’m not trying to landmark 80% in a perpetual holding pattern. Ⅲ

recidivism and finding employment Bank of America Merrill Lynch Bloomberg Philanthropies agreed to for the previously incarcerated raised $13.5 million from more than repay $7.2 million of the $9.6 million Social-impact bonds through counseling and job training. 40 individuals and philanthropic put up by Goldman Sachs’Urban In- That can help solve a costly problem foundations to fund the five-and-a- vestment Group to provide cognitive Continued from Page 3 nancy rates and improve asthma care. for the state.New York released near- half-year-long program. behavioral therapy to 16- to 18-year- it’s an opportunity to expand social The bonds will never replace pri- ly 24,000 people from prison last “We were hearing from our olds if that program fails to reduce re- services to people who might not vate fundraising and government year, and 41% of those formerly in- clients who wanted investment op- cidivism. Recidivism must fall by at otherwise get them, and is an inno- aid, nonprofit executives say, be- carcerated return within three years. tions that would represent their val- least 10% for investors to be repaid. vative structure that encourages cause not all social programs have It costs $60,000 annually to imprison ues,”said Liam O’Neil,managing di- Elizabeth Gaynes, Osborne’s ex- public-private partnerships,” said quantifiable results. Experienced someone in New York state. rector and head of the markets group ecutive director, said working with Ian Rosenblum, New York state’s charities with a history of success are Under the terms of the agree- for Bank of America Merrill Lynch. adolescents at Rikers is challenging deputy secretary of education and sought after for partnerships. ment, CEO expects to work with The payoff isn’t huge:Returns on because time with them can be limit- economic opportunity and the point 2,000 individuals and seeks to re- investment are capped at 12.5%.Mr. ed. Yet, she said, feedback from par- man on social-impact bonds. “This ‘Low-risk’ effort duce their recidivism rate by at least O’Neil expects it will likely be more ticipants has been good, and accord- way, we are paying for results, not “This is paying for us to do what 8% and boost their employment rate mid-single digits. Meanwhile, the ing to the city’s Department of just paying for the process.” we do,” said Sam Schaeffer, chief ex- by 5 percentage points. Rockefeller Foundation agreed to Correction,the number of adolescent Mr. Rosenblum said that in the ecutive of the Manhattan-based If the project cuts recidivism by guarantee 10% of the $13.5 million admissions at Rikers last year coming weeks, the state will begin Center for Employment Opportu- 15% and increases employment by 5 so investors won’t lose everything if dropped 17%, to 3,935, from 2012. negotiating with the four con- nities, which is running the New percentage points, the total public- the program fails. “If the program doesn’t work, it tenders.He expects two or three to be York state program for ex-offenders sector savings would be $17.2 mil- could affect our reputation,” said selected. One program is jointly set up by Social Finance U.S. “It is lion,according to a state spokesman. Challenging work Ms. Gaynes. She doesn’t expect that sponsored by the Children’s Aid So- fairly low-risk for us.” Investors would be paid $15.7 mil- In the city’s Rikers Island to happen, but adds that the thera- ciety and the Bronx’s Montefiore Known as CEO, the nonprofit lion, representing a 4% annualized program, which was set up through py is still helping the children. “We Medical Center to reduce teen preg- has a proven track record of reducing return on their investment. social-policy organization MDRC, aren’t doing any harm,” she said. Ⅲ

report “didn’t match the political “I have no notion,” he said. “I decade ago, a majority of HR&A’s Chosen consultancy agenda of some city officials.” don’t think about that.” work was New York City-focused, “They pressured us to change it,” Yet he indicated that the loss of but it now has a more national scope, he said. “We don’t do that kind of Mr. Weisbrod was bittersweet. with offices in California and Continued from Page 3 cial analysis and data for non-real es- thing.” “What I said to Carl when the may- Washington, D.C. technology-sector analysis produced tate players seeking to build in the A former EDC president, Seth or named him was that I was drink- HR&A’s current projects have by the Manhattan-based company. city, such as when Major League Pinsky, refuted that claim, arguing ing Champagne with a black arm- Mr. Alschuler spending much time It’s no coincidence. Soccer recently sought to erect a sta- his agency didn’t operate that way. band,” Mr. Alschuler said. in Miami,where he’s working on an- Chairman and founder John dium in Queens or when a consor- “We worked a lot with HR&A, HR&A’s multidisciplinary focus other soccer stadium, this time with Alschuler,asked to explain his firm’s tium of skating enthusiasts proposed and this study doesn’t stand out in gives it rivals in several industries. It British superstar David Beckham. rise under the de Blasio administra- a Bronx ice complex. It contracts my memory,” said Mr. competes with real estate But while he’s bending it with Mr. tion, said he and the city’s new lib- with city agencies to study such issues Pinksy. “I do know, service companies such as Beckham, his former colleagues are eral mayor have a common philoso- as tax incentives and public housing. though, that the 30% Cushman & Wakefield wielding the levers of power from phy. He called the alignment And it helps the state administer re- Bloomberg administra- APPROXIMATE and CBRE as well as eco- PORTION of their City Hall perches. “unsurprising,” noting, “There is a covery efforts in neighborhoods tion always sought data— HR&A’s business nomic-analysis firms like value in my firm for public service.” damaged by Superstorm Sandy. good, bad or indifferent— that comes from Cambridge Consulting Industry veteran HR&A and Mr. Weisbrod have HR&A also produced a study to help form policy, and government and Appleseed.Although Mr. Torres Springer, one of the severed their financial ties, and it’s examining the tech industry’s grow- therefore would not have contracts Mr. Alschuler and others firm’s five partners,took a leave of ab- unclear how his work as planning ing presence in Brooklyn. The asked for changes to a at the company are regis- sence early last year to serve in the commissioner could benefit the glitzy, George Soros-funded “Talk- study’s output if it were based on rig- tered lobbyists, he said that “if you Bloomberg administration as a post- firm’s clients, which in recent years ing Transition” tent that sprang up orous analysis.” looked at the total income of our Sandy rebuilding and resiliency ad- have ranged from NBCUniversal to on Canal Street after Mr. de Blasio’s Critics claim HR&A has a repu- firm and asked what percentage met viser. Back at HR&A, he’s working Google to Citigroup.“Carl will have election was yet another HR&A tation for giving clients the results the definition of lobbying, I’d say on contracts with the state and fed- to build a proverbial Chinese wall” production. Roughly 30% of its they want.The report touted by Ms. 2%, 5%—a negligible number.” eral governments on rebuilding, as to guard against conflicts, one real business comes from government, Glen portrayed the city’s technolo- That conservatively suggests an- well as a feasibility study for Seaport estate source said. according to the firm. gy sector as massive, but a New York nual revenue north of $10 million, City,the Bloomberg administration’s Others described the alignment magazine tech reporter ridiculed although Mr. Alschuler would not idea to build out lower Manhattan’s between HR&A and City Hall as ‘Shallow’ report the study’s broad definition of tech comment on that estimate. State waterfront to create valuable real es- organic. “That firm attracts a lot of Relations with City Hall weren’t workers. Mr. Alschuler said his firm records show that HR&A netted tate and mitigate storm damage. people that have a social ethic always so rosy.The company’s 2006 takes its “obligation to be factually $469,000 from lobbying in 2013, But Mr. Alschuler doubts that around their financial [consulting] study of business subsidies for the accurate and precise very seriously.” mostly from Major League Soccer. the rising tide of the de Blasio ad- skill sets,” said Vishaan Chakrabar- Economic Development Corp. was Propping his loafers up on a glass But the company’s lobbying income ministration will lift all of HR&A’s ti, a professor of real estate at Co- dropped in favor of an in-house ef- coffee table at HR&A’s sleek, glass- in recent years has fluctuated wildly, boats, even if it has elevated a few lumbia University and a partner at fort. HR&A’s website billed the re- walled TriBeCa office, Mr. Alschuler from $13,000 to $1.1 million. former employees.He noted that the SHoP Architects.“So I think it’s an port as a “wide-ranging analysis of spoke broadly of his firm’s promotion Mr. Alschuler employs 64 peo- firm has been a presence in the city obvious place [for the de Blasio ad- all commercial incentive programs of urban values and of cities as eco- ple—lawyers, architects, traffic en- for several decades. ministration] to go to if you have in New York City,”but its report was nomic engines, but declined to spec- gineers and others—most of whom “We’re not some Johnny-come- this inequity agenda.” “very cookie-cutter, very shallow,” ulate on how Mr. de Blasio’s hiring of are in the firm’s New York office. A latelies,” he said. Ⅲ The firm occupies a particular said one person familiar with it. his former employees in high-level space in New York.It provides finan- Mr. Alschuler, however, said the positions would affect his business. GET the writers’ takes on these three stories at CrainsNewYork.com/podcasts

24 | Crain’s New York Business | April 14, 2014 HELLUVA TOWN INSIDE Source Lunch Dinner music Melinda Katz sets path

The Four Seasons Restaurant, for Queens PAGE 26 known for its wealthy clientele and impeccable menu, is trying a little Out and About night music to lure a younger dinner crowd. The Met’s medieval Argentine- manuscripts PAGE 27 American songwriter Diego Garcia will croon in the iconic grill room on April 17 and April 24 at 9 p.m. “I’m looking to book a performer every week,” said Managing Director Julian Niccolini. “We want to bring more excitement to the restaurant and more young people. The industry needs to offer more than great food and service—it needs entertainment.” He’s building on last year’s entertainment “experiment,” when Gianni Russo performed weekly for three months, and Gloria Gaynor and Christopher Noth made cameo appearances with him. “It was the best thing we ever did,” Mr. Niccolini said, adding that at least 100 customers came to the shows, which are free. Though he’d like to book Mr. Garcia every week, he realizes the singer has a busy concert schedule—and is not inexpensive. “We spent a pretty high number to bring him in,” Mr. Niccolini said, adding that he’s seeking other musicians who might be willing to perform for free. Pass the hat! —lisa fickenscher Big leap

A different kind of choreography SECONDHAND: Laura will go on at Ballet Hispanico this Fluhr (right) and Tammy summer. In June, the dance Fluhr-Gates, the mother- and-daughter team behind company will start an $800,000 60-year-old Michael’s, makeover of the façade and lobby have seen big sales gains. of its headquarters at 167 W. 89th St., consisting of two carriage houses built in the 1800s. Long- cloaked windows will be uncovered so pedestrians can see classes, and banners will announce the building as Ballet Hispanico’s home. “We are dealing with our organization’s home; it needs to reflect that,” said board Chairwoman Kate Lear. SUK Design Group was tapped Fashion backward for the redesign, slated to be completed in the fall. A $1.5 million grant from the Ford Consignment stores multiply as city shoppers Foundation will cover the lobby’s renovation, fund other projects and look to save money and reduce their carbon footprint bolster the reserve. John and Jody Arnhold donated a seven-figure sum that will be used to refurbish buck ennis the façade. Ms. Arnhold was a Ballet Hispanico board chair and BY MAX WILLENS remains active in the organization. Once completed, the building will be renamed the Arnhold n a recent Saturday afternoon, Ali King was having trouble finding the OLD IS NEW Center, while the lobby will be right spring look. As her mother hovered outside a dressing room at named in honor of the Ford Michael’s, a clothing consignment shop on the Upper East Side, the Foundation. Meanwhile, Ballet Hispanico will perform at the grad student tried on a variety of looks: a black-and-white Chanel top, Joyce Theater for nearly two a silk top with gauzy hemlines and a soft free-moving jacket that still 10 weeks beginning on April 15. —theresa agovino had its original tags. “I go whenever I’m in town,” said Ms. King, who is NUMBER OF STORES Second studying at Yale.“Consignment shopping is huge now.” ¶ Ms. King, 24, Time Around has opened in is among the wave of shoppers driving a surge in New York’s luxury Manhattan since 2010 consignment business. With people embracing the pragmatic, environmental and fiscal benefits of preworn clothing, an industry once confined to second-floor storefronts and mothball-filled boutiquesO is taking off. ¶ Second Time Around, the largest clothing consignment retailer in the $100M U.S., has opened 10 locations in Manhattan alone since 2010. Annual profits at Michael’s, a New EXPECTED SALES for York consignment institution that’s celebrating its 60th anniversary this year, have been growing Web-based consignor by double digits since 2009, store management said. See CONSIGNMENT on Page 26 TheRealReal in 2014 ballet hispanico

April 14, 2014 | Crain’s New York Business | 25 SOURCE New York is in a world of its own. “In New York,” Ms. Wain- LUNCH: On consignment wright said, “we have a model that MELINDA KATZ may not work anywhere else.” In most cities, small teams of by Chris Bragg Continued from Page 25 consignment-store operations RealReal concierges fan out to the TheRealReal, a Web-based con- manual that’s in its 20th edition. homes of wealthy consignors, care- signment shop that’s on pace to do It wasn’t always cool to shop for fully picking through closets and of- more than $100 million in sales this used clothing.Even though consign- ten coming away with a handful of year, acquires more clothes from ment is more upscale than a pawn- items. In New York City, there is so Boro prez tells why New York than anywhere else in shop or a thrift store, all three busi- much to pick up that a RealReal- the world. ness models were lumped together in owned van rolls through town all “It’s just like all of a sudden con- the popular imagination. All three week, grabbing garment bags from Queens is king signment became really,really cool,” were thought of as, well, cheap. doormen or personal assistants. said Jeanne Stafford, a director of “Ten years ago,” Ms. Stafford Between New York and San marketing at Second Time Around. recalled, “people would hide their Francisco,Wainwright says, her site Unlike pawnshops, consign- bags from Second Time Around.” consigns more than 1,500 items a ecently inaugurated we could to save the New York State ment stores do not actually pur- “It was not considered a classy day. “And honestly,” she continued, Queens Borough Presi- Pavilion. We created a war room at chase the goods they sell to con- thing to do,” agreed Laura Fluhr, “we’ll be able to handle 10 times that dent Melinda Katz has the borough president’s office on ed- sumers, and the items are not who took over Michael’s from her volume in about three months.” the city’s biggest bor- ucation, to deal with overcrowding, donated as they are to thrift shops. According to thredUP, a Web- ough in her blood: Her especially when it comes to pre-K. The original owner of the gar- based resale and consignment Rfather founded the Queens Sympho- And we’re already doing the World’s ments, the consignor, technically ‘We have a store, the expected annual growth ny, and her mother started the Fair celebration [to mark the 50th retains ownership of her items un- rate of the online resale industry is Queens Council on the Arts. Ms. anniversary of the 1964-65 fair]. til the store sells them. Once the model that 16.4% through 2016. Katz, a talented singer herself, even- garment is sold, money is normally That operational scale is key. tually decided to go into politics, What kind of development would you like split 50-50,and many shops will al- may not work The consignment business is, by serving as a state assemblywoman to see in Queens? low customers to set a floor price nature, all about high turnover. and chair of the City Council’s Land For things that are already happening, for their items. That typically at- anywhere else’ “Everything is one of a kind,” said Use Committee before her election we have a task force for the Willets tracts people with more expensive Ms. Holmes of NARTs. “If you as borough president.Ms.Katz spoke Point area; we have a task force for items, which makes customer- want a Chanel bag, you have to get to Crain’s about her policy priorities. Flushing Commons. I’d love to see relationship management crucial. there before the other ladies do.” more retail and hotels in Jamaica.One Ms. Wainwright said TheReal- Brooklyn took off during the 12-year of my goals is also to have much more Personal connection father in 1986. Real has more than 2 million mem- tenure of former Borough President affordable housing there,to utilize the “It’s all about the relationship In the past decade, however, re- bers, and that 10% to 15% of them Marty Markowitz. Do you want to be a zoning that we put in place five years for me,” said Elisabeth Hughes, a tailers noticed a change, as the visit the site every day.“On average, similar cheerleader for Queens? ago, to build hotels for economic de- fashion stylist who’s been consign- economy tanked and environmen- our members come every other When I was running for the office, velopment. In Long Island City, we ing at Michael’s for more than 15 tal consciousness rose. According week,” she continued. “There isn’t people would say,“You’ve got to make have a great opportunity to leverage years. “It’s possible I might be able to census data,the consignment in- another retail store in the world Queens the new Brooklyn.” And I the Cornell tech school that’s coming to get more at a different store, but dustry grew 3.7% in 2010, a year that has that kind of turnover.” would say, “We’re Queens. We’re not to Roosevelt Island.And for people in I just trust them so much, and they when two-thirds of all American But Web-based consignment going to be the new Brook- their 20s, we want them to take such good care of me. That industries lost jobs. operations aren’t the only ones ben- lyn; we’re going to have our WHERE stay in Queens. makes a difference.” “I think that the mentality has efiting from connectivity. Brick- own flavor.” But on the And in New York, there’s plen- been more to maximizing the use and-mortar shops like Michael’s other hand, they would say THEY What’s it like working with the ty of preowned stuff to go around. and the value of things,” Ms. Fluhr are pouring a ton of energy and in- to me, “You’ve got to keep DINED de Blasio administration? According to a recent report by explained. “I don’t think it’s specif- vestment into their online sales, it affordable.” Folks say to MANDUCATIS For someone like me,who’s Bain and Co., New Yorkers don’t ic to consignment. I think it’s more and it’s paying off. me,“I moved out of Brook- RUSTICA been in elected office 20 just buy more luxury goods than of a mood and mentality change.” “We’re still a brick-and-mortar lyn to go to Queens.” So 46-33 Vernon years, I spent the whole any other city in the world;they buy Today, the thing that was once store,” said Tammy Fluhr-Gates, there’s always a balance. Blvd., Long Island time with a Republican ad- more luxury goods than people of most taboo about consigned luxury Ms. Fluhr’s daughter and the head City, Queens ministration. So it’s a dif- any country in the world. Total clothes—the fact that they are not of business development at How do you get the message (718) 937-1312 ferent atmosphere. What I across about Queens? www.manducatis spending on luxury goods in the new—is actually a selling point. Michael’s, “but our online store is rustica.com find now from most of the city in 2013 came to $21 billion, a “I like the fact that this stuff is growing very quickly.” Queens, too often, is AMBIENCE: commissioners and the 9% jump from 2012. preowned,”said Carol Silverman,a branded by TV and movies Rustic, authentic deputy mayors is the open- For consumers, the fundamental longtime Upper East Side resident. Digital sales in a certain way. I’ll give family-run ness to other elected offi- draw is luxury items at prices far low- She sees buying consigned items as Michael’s Web storefront sells you an example: In Men in trattoria cials—our ideas, what we er than they’d ever get at a depart- more responsible than buying to people from Miami to Milan, Black,they made a joke out WHAT THEY ATE: think is best for our con- ment store: Chanel jackets for $500 something new that’s been manu- and Ms.Fluhr-Gates said sales rev- of the New York State Veal Bolognese stituents. There seems to rather than $2,000, or Louboutins factured in a sweatshop. enue is expected to double this year. Pavilion, where the disks Eggplant be a team effort, more than going for about $400,instead of their There’s so much merchandise to Second Time Around does not of the pavilion were meant Salad there has been with the normal retail price of $1,400. go around that Web-based busi- do e-commerce on its website, but to be spaceships. Because Branzino other administrations. “I can tell you the price of almost nesses are picking through New Ms. Stafford said its individual what else are you going to Spinach pasta everything in my closet,” said Kate Yorkers’ closets as well. Julie Wain- stores are encouraged to sell items do in Queens? That’s what Do you think you’ll be more PRICE: $75, active than your predecessor, Holmes, a member of the National wright, the founder and chief exec- via social-media platforms like they said. But branding including tip Association of Resale Profession- utive of TheRealReal, says her Facebook and Instagram. Queens has to be different. Helen Marshall, who was als, or NARTs, and the author company has been able to find suc- Ms. Stafford declined to dis- We are the most ethnically diverse known as being low-key? of Too Good to Be Threw,a cess in several major U.S.cities.But close dollar amounts,saying instead area in the United States,if not on the Everyone brings their own charac- that sales from social media are planet. Everyone brings from other teristics, but for me, if I’m home on a growing week over week. countries their culture, their arts, Thursday night, it means someone As consignment continues to their traditions, their religions. You screwed up my schedule. Although COURTING CONSIGNORS bloom and competition heats up,the can have a bagel with cream cheese on I’m not sure I’ve been home on a BECAUSE OF THE SUDDEN RISE in competition for the best designer duds, a deals might get even better.But con- one corner and have baba ghanoush Thursday night yet. kind of arms race has broken out in the customer-relationship department signment is driven, more than any- on the other one,and hummus on the thing, by an impulse to find some- other one, or mango chutney. If you What’s your favorite place to go in to attract prolific consignors. “We don’t do a lot of advertising,” Second Queens in your free time? Time Around’s Jeanne Stafford said of her company’s consignor-acquisition thing that stands out, customers say. come to New York, you should “I don’t think it’s the money— know—you haven’t really seen the I don’t do anything social;I don’t know. strategy. “We depend on word-of-mouth so much.” New Yorkers have plenty of mon- city until you’ve seen Queens. When we have free time, believe it or That means providing memorable experiences that drive loyalty. ey,” said Tien Bui, a banker who’s not, my significant other, Curtis Sliwa Chocolates and flowers on Valentine’s Day are standard. Some stores been a longtime consignment What should be the motto for Queens? of the Guardian Angels, and our two mail handwritten thank-you notes when a consignor keeps an appointment shopper. “It’s more the chance to “The world’s borough.” kids—we travel the subways a lot.A 5- on a rainy afternoon. Others open up a little early (or close a little late) to find something unique.” year-old and a 3-year-old—they love accommodate top consignors’ schedules. “They do what they want around “When you go into work,every- What have you been doing thus far it.They sit there with their eyes against here,” Michael’s Laura Fluhr said of her most loyal consignors. body’s wearing the same things,” besides hiring a staff for your office? the window. And they see the entire But for the biggest clients, there’s a whole different level of courting that she continued. “Every time you go I decided we wanted to do everything borough of Queens. comes into play. “It’s the more thoughtful things,” TheRealReal Chief [consignment shopping], there’s a Executive Julie Wainwright said. “One of our consignor’s nieces has a small chance you’ll see something that’s cookie business, and so we ordered a few thousand boxes of cookies to been sitting in a closet for years.” WHO KNEW? Ms. Katz frequents the eatery, give to our top couple thousand consignors.” —MAX WILLENS Plus, she added, “I don’t mind wearing last year’s look.” but mostly lets the owner order for her.

26 | Crain’s New York Business | April 14, 2014 OUT AND SNAPS NYC Police Foundation fundraiser rakes in $3M ABOUT by Ali Elkin and Theresa Agovino

CULTURE FIX CAREER BUILDER WEDNESDAY, APRIL 16, WEDNESDAY, APRIL 16 THROUGH Digital design company WaleUp will SUNDAY, JULY 27 host an event called LAUNCHING YOUR OF MICE AND DIGITAL PRODUCT. The program is MEN, starring aimed at business owners and James Franco entrepreneurs who are trying to get (right) and an online venture off the ground or Chris O’Dowd, improve an existing one. The session

opens on richard phibbs will be held at the Carnegie Broadway after about a month of previews. Conference Room, 747 Third Ave., The revival of the play, based on the novel and will run from 6 p.m. until 9 p.m. by John Steinbeck, is at the Longacre Registration costs $10 in advance getty point foundation images for Theatre, 220 W. 48th St. Tickets range ($15 at the door) and is available at Dr. NEAL BAER and LENA DUNHAM at the benefit loh photography dan from $37 to $147, and are available through www.eventbrite.com/e/launching- for the Point Foundation on April 7. It raised BILL GUARINELLO, DONNA HANOVER, MIKE WOODS and ABIGAIL HAWK at Telecharge. For more information, visit your-digital-product-tickets- $620,000 for the organization, which gives HeartShare Human Services of New York’s 2014 Spring Gala on March 27. The fete www.ofmiceandmenonbroadway.com. 9868823918. scholarships to LGBTQ students. celebrated the social-service agency’s centennial and raised $700,000. WEDNESDAY, APRIL 16, THURSDAY, APRIL 17 THROUGH MONDAY, APRIL 21 The American Business Forum on The MATA FESTIVAL OF NEW MUSIC will Europe will host a talk called U.S. celebrate instrumental music by emerging HEALTH CARE REFORM: WHO PAYS FOR composers, all of whom are younger than 40. IT? WHAT DOES IT MEAN FOR THE Performers and ensembles from around the ECONOMY? Leading the discussion world will descend upon the Kitchen, 512 will be Princeton professor Uwe W. 19th St., for shows beginning at 8 p.m. Reinhardt. The event will be held at every night except Sunday, when the music the McCann-Erickson Building, 622 will start at 1 p.m. Each show will feature a Third Ave. The event will go from 6 different lineup.Tickets are $20 for each p.m. until 8:30 p.m. Registration performance. For more information, visit costs $30 and is available online at www.thekitchen.org/events. www.abfe.biz. DON’T MISS MEDIEVAL MANUSCRIPTS THROUGH THURSDAY, MAY 1 joseph sinnott/wnetjoseph The Metropolitan Museum of Art is KATHRYN and KENNETH CHENAULT at the WNET showcasing RARE MEDIEVAL HEBREW bfa Annual Gala Salute on April 1. It raised $2.7 million for MANUSCRIPTS from the 15th century in BILL BRATTON, BILL DE BLASIO and BILL RUDIN at the April 3 gala for the New York WNET, parent company of New York’s two PBS stations honor of Passover, which begins this week. City Police Foundation. The event raised more than $3 million. and operator of one in New Jersey. The exhibit features a Haggadah (Passover prayer book), on loan from the Jewish Theological Seminary, and an ornamented See more of this week’s Snaps online at CrainsNewYork.com/galleries. Hebrew Bible. The museum is open seven days a week. Suggested admission for adults is $25. For more information, visit www.metmuseum.org. THE PERFECT OPENING FUNDRAISERS SUMMER EVENT FRIDAY, APRIL 18, FRIDAY, APRIL 18 FOR EMPLOYEES, THROUGH SUNDAY, AUGUST 10 Housing Works will host LIVE FROM HOME: AN COLLEAGUES The Brooklyn Museum of Art will EVENING WITH REBECCA PIDGEON.The British- present 20 years’ worth of work by American singer-songwriter-actress will OR CLIENTS! provocative Chinese artist Ai perform songs from her recently released Weiwei in an exhibit called AI album, Blue Dress On.The event will also WEIWEI: ACCORDING TO WHAT? The include a talk with actress Clara Mamet, Ms. A work focuses on freedom of Pidgeon’s daughter, of ABC’s The Neighbors. BECOME expression and human rights in Tickets are $15 and benefit Housing Works’ CORPORATE China and elsewhere. The museum fundraising for AIDS and homelessness. The Public Theater’s SHAKESPEARE IN CENTRAL PARK SUPPORTER OF is open Wednesday through Seating is first-come, first-served. Doors will Saturday and is located at 200 open at 7:30 p.m., and the show will start at 8 SHAKESPEARE Eastern Parkway.Tickets are $15 p.m. Housing Works’ Bookstore Cafe is ENTERTAIN IN THE PARK and include general admission; located at 126 Crosby St. For more • Receive a block of prime there is no charge for members. information, visit www.housingworks.org. reserved seats to one or both For more information, visit YOUR GROUP www.brooklynmuseum.org/ MONDAY, APRIL 21 productions in the Park exhibitions/ai_weiwei. The NYC Dance Alliance Foundation will WITH AN • Opportunity to host a picnic host an event called DESTINY RISING at the or backstage dinner before the EVENINGTHEATEROF Joyce Theater to raise funds for its scholarship show at The Delacorte Theater program.The evening will feature perfor- mances by NYCDA alumni and the Houston UNDER THE STARS CALL 212.539.8721 Metropolitan Dance Company, among others. or email mandrews@ Prices start at $25, and VIP tickets are $100. publictheater.org The event will begin at 7:30 p.m.The Joyce is located at 175 Eighth Ave. For more brooklynmuseum.org information, visit www.nycdance.com. JOIN US THIS YEAR FOR MARK YOUR CALENDAR… MUCH MONDAY, APRIL 28 ADO Culinary event TASTE OF THE NATION will be held at the 82Mercer conference photo by Joseph Moran ABOUT center to raise funds for Share Our Strength’s No Kid Hungry campaign, which NOTHING works to provide children and families with nutritious food. Some of the city’s best- known chefs, including Anne Burrell, Scott Conant and Alexandra Guarnaschelli, & KING will be at the event and will have samples on hand. Tickets start at $225 and are PublicTheater.org LEAR available at ce.strength.org. The gala will start at 7 p.m. (6:30 p.m. for VIP ticketholders) at 82 Mercer St.

April 14, 2014 | Crain’s New York Business | 27 ®

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Erik Engquist heads Crain’s political Chris Bragg is a government and politics Andrew J. Hawkins is a government coverage and edits the Insider, a blog that reporter for Crain’s. He was previously a and politics reporter for Crain’s. He has long been a must-read for government senior reporter at City & State and founded previously was managing editor of City officials, business leaders and political and edited the publication’s blog, the & State and reported for the New York junkies. Erik has won two National Headliner Notebook. Chris was named Writer of Daily News. Andrew joined Crain’s in Awards and was the lead writer for two the Year for 2011 by the New York Press series that won the New Jersey Press Association. His investigative stories for 2012, helping to grow the Insider from Association’s top public service award in Crain’s were a finalist this year for a “Best in a subscription newsletter to a popular consecutive years. A native Brooklynite, Erik Business” award by the Society of American blog. He lives in Brooklyn with his wife resides there with his wife and twin boys. Business Editors and Writers. He lives in and their cat, Sandwich. Astoria, Queens. crainsnewyork.com/insider