VERIZON CALLED out City Hall Takes NYC’S Largest Public Company to Task CRAIN’S® PAGE 6 NEW YORK BUSINESS

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VERIZON CALLED OUT City Hall takes NYC’s largest public company to task CRAIN’S® PAGE 6 NEW YORK BUSINESS

VOL. XXXI, NOS. 28, 29 WWW.CRAINSNEWYORK.COM DOUBLE ISSUE JULY 13-26, 2015 PRICE: $3.00 Inside the Ark at JFK Developers of New York’s newest ‘terminal’ hope to make hay off America’s passion for pets

BY AARON ELSTEIN Cliff Bollmann is one of the world’s leading airport architects. He designed the spiffy JetBlue terminal at John F. Kennedy International Airport and worked on others in San Francisco, Boston and Chennai, India. He knows exactly how far bathrooms can be situated from gates so passengers don’t miss the last call for their flight. But this international-airport expert is a bit befuddled by the plumbing involved in his current assignment: designing a terminal at JFK called the Ark, dedicated to serving pets, livestock and zoo animals. For Mr. Bollmann, the crucial question is: How to handle all the poop? See THE ARK on Page 18 trevor keen trevor NEWSPAPER B:11.125” T:10.875” S:10.25”

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EXECUTIVE EDITOR’S NOTE

FYICRAINSNEWYORK.COM Paying for parks

Should there be private A $300 million bet development in public parks? It’s a citywide question—one that has on a long-delayed particular urgency on the Brooklyn tunnel project waterfront.There, the Brooklyn Bridge Park Corp. has transformed proposed train tunnel linking a 1.3-mile stretch along the East New York and New Jersey, River into one of the most vibrant Jeremy Smerd Aseen by experts as crucial to destinations in the city. But the relieving the bottleneck under the park is at a crossroads. It wants to Hudson River, is on track and gaining sell the right to build luxury condos and a mixed- momentum. ¶ “We’re doing it,” income rental building on Pier 6. Without a $100 Amtrak Chairman Anthony Coscia told million-plus sale, it says it won’t have enough money the Crain’s editorial board Wednesday. to maintain the park, especially the timber pilings ¶ Mr. Coscia said Amtrak could begin that, like those at Hudson River Park, are susceptible the environmental-review process this to rot. Some who object to the plan don’t want their fall, and has already spent about $300 view interrupted; others believe public space should million on preparatory work and land newscom not be carved out for those who can most afford it. acquisition, even though the estimated $15 billion needed for the larger Gateway project, which The Empire State Development Corp. will decide includes the tunnel, has not been lined up. (See Editorial, Page 8.) ¶ “We’re taking precious the issue this fall. In the meantime, a hearing at the resources and spending it on a project we don’t have all the money to build,” he said. “It’s either a end of this month will further air people’s grievances. very silly decision or a very critical one.” ¶ He’s betting on the latter. By his reckoning, a tunnel “Open space, once it’s gone, is gone forever, and once has to be built.The two heavy-rail tunnels connecting New Jersey and New York are more than it’s protected, it’s protected forever,” said state Sen. 100 years old and are showing their age. ¶ Twenty-four trains pass through the tunnels each Daniel Squadron, who opposes the towers. Nothing, hour—20 from New Jersey Transit, four from Amtrak—and officials predict that within 20 years, of course, is forever, especially if the park falls into one or both tunnels will need to be closed for repairs. Shutting one would reduce capacity to six disrepair. But the sentiment speaks to the scarcity of trains per hour, because trains traveling in opposite directions would need to wait for the lone open space in our city and the will that can be remaining tunnel to clear. —andrew j. hawkins summoned to protect it.The question is whether there’s a way that doesn’t include housing. I wish I GLITCH ROCKS STOCKS on the verge of handing their recom- governor for obstructing the city’s could see it. When I went over the numbers with The New York Stock Exchange sus- mendations to the de Blasio admin- agenda in Albany this year, Mr. Cuo- David Lowin, vice president of real estate for the pended trading July 8 for nearly four istration.The rezoning calls for taller mo promised to “bite his tongue,” hours because of a botched software towers, improved transit access and though he sought to mansplain to the park, I was struck by the fact that the cash needed to update, not a cyberattack as origi- wider sidewalks. De- mayor the way Al- keep it in good repair will not be financed by debt, as nally feared. Nonetheless, stock velopers who want to bany works. Mean- most capital projects are.That’s because the park prices dropped, mostly because of build higher will have ‘Once you while, Mr. de Blasio China’s market plunge and the crisis to invest in transit. said he “speaks truth does not generate enough revenue to service the in Greece. The NYSE glitch coin- open as I see it” and vowed amount of debt it would need for park upkeep. Why? cided with outages at both United GROCERY GLUT Pandora’s box, to continue to call out Tax breaks given to residential and commercial Airlines and The Wall Street Journal. Trader Joe’s is open- Albany. developers. What the park needs is legislation that The incidents were found to be un- ing an 18,000- it can really related. square-foot store in become out of MAYORAL VANITY would allow it to collect more revenue from existing Williamsburg—its Vanity Fair magazine tenants. Without that—or a generous benefactor— MIDTOWN EAST REZONING second in Brooklyn. control’ will publish a profile development appears inevitable. Stakeholders who have worked in se- The popular chain —Deputy Mayor Alicia of Mr. de Blasio, cret for months to develop a plan to will be the latest Glen to The Wall Street written by Bryan revitalize the aging office district are big-brand grocery in Journal, about refusing to Burrough, the criti- the neighborhood. change city policy on cally acclaimed au- THIS WEEK IN CRAIN’S Whole Foods and subsidies to keep JPMorgan thor and magazine Wegmans also will from moving jobs scribe. Mr. Bur- IN THE BOROUGHS------4 debut in the area. to New Jersey rough, who co-wrote IN THE MARKETS------5 the seminal inves- THE DONALD TRUMPS REPUBLICANS tigative work Barbarians at the THE INSIDER ------6 Donald Trump, the brash business- Gate—about the leveraged buyout of OPINION------8 man and reality-show star, surged to RJR Nabisco—reached out to the the front of the GOP presidential mayor’s press office about the profile, GREG DAVID ------9 pack, according to two polls. His in- which is expected to run in Septem- REPORT------10 cendiary comments about immigra- ber or October,according to an email buck ennis tion don’t appear to have hurt his mistakenly sent to a Crain’s reporter. THE LIST ------12 SOCCER CELEBRATION standing among far-right voters. The profile will be 6,000 to 12,000 CLASSIFIEDS ------16 The parade celebrating the But his position may be illusory: words long. SOURCE LUNCH World Cup-winning U.S. Experts suggest his popularity is BUSINESS PEOPLE------20 PIROUETTING TO BROADWAY Sam Slover’s Sage app will women’s soccer team cost tax- merely the result of name recogni- SNAPS------22 payers close to $2 million; the tion, and that Mr. Trump has Ballerina Misty Copeland, who re- tell you what’s really in your P. 21 city raised $450,000 from cor- nowhere to go but down. Mean- cently became the first African- food. FOR THE RECORD------23 porate sponsors. Manhattan while, Macy’s, the PGA Grand American female principal dancer at vol. xxxi, nos. 28, 29, july 13, 2015—Crain’s New York Business (issn 8756-789x) is Borough President Gale Brew- Slam of Golf, NBC and Univision American Ballet Theatre, will debut published weekly, except for double issues the weeks of June 29, July 13, July 27, Aug. 10, Aug. 24 and Dec. 21, by Crain Communications Inc., 685 Third Ave., New York, NY er and former Bloomberg have all “fired” Mr. Trump. on Broadway. Ms. Copeland, a 10017. Periodicals postage paid at New York, N.Y., and additional mailing offices. Post- deputy Howard Wolfson were Crain’s 40 Under 40 honoree this master: Send address changes to: Crain’s New York Business, Circulation Department, 1155 credited with making the BROMANCE BREAKDOWN year, will play Miss Turnstiles in the Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call (877) 824-9379.Fax (313) 446-6777.$3.00 a copy,$99.95 one parade down the Canyon of Mayor Bill de Blasio and Gov. An- high-energy revival of On the Town year, $179.95 two years. (GST No. 13676-0444-RT) Heroes happen. drew Cuomo aren’t any closer to mak- from Aug. 25 to Sept. 6. ©Entire contents copyright 2015 by Crain Communications Inc. All rights reserved. ing up. After the mayor slammed the —andrew j. hawkins

July 13, 2015 | Crain’s New York Business | 3 20150713-NEWS--0004-NAT-CCI-CN_-- 7/10/2015 6:50 PM Page 1

IN THE BOROUGHS BRONX A sea change for City Island Big moves afoot for once-sleepy enclave—

UNMENTIONABLE but on residents’ terms NO MORE: Negative Underwear’s BY KERRY MURTHA Marissa Vosper (left) and Lauren Change usually comes only two Schwab sell back- ways on City Island: gradually and to-basic looks. grudgingly. Residents, known as clamdiggers (as opposed to land- lubbers),take pride in the place’s iso- lation and in their own way of doing things. That’s what makes this current moment in the history of the mile-and-a-half-long speck of land just off Pelham Bay Park in the Bronx so extraordinary. On the horizon looms the largest raft of changes since the last of the island’s renowned builders of Underwear gets real yachts—including many America’s Cup winners—sailed off into histo-

buck ennis ry in the 1960s. In the next two years, residents will not just bid Upstart makers of bras, tone, she confessed: “It’s not for everyone.” rosé, snacking on jerk-chicken empanadas and farewell to the century-old bridge The same could be said for the underwear checking out Negative Underwear’s three-day that links them to the mainland, panties and Ts strip away market in general these days.Sales are flat and up- SoHo pop-up shop. The fledgling brand, they will also see the opening of the starts led by young entrepreneurs are entering the launched last year, is one of a crop of startups first new large-scale residential de- frills and get back to basics sector.They believe they can build better bras and hoping to carve out a niche in the $15 billion un- velopment in decades. more-comfy undies.Consumers,they say,are sick derwear industry by selling back-to-basics looks What’s more, they’ll witness a BY ADRIANNE PASQUARELLI of unnecessary and unwearable adornments: online to consumers eager for a change. jump in the number of visitors pads,bows,rhinestones and ribbons that offer lit- The company was started by Lauren Schwab streaming through en route to the “Would you like to take a butt selfie?” the young tle in the way of what women really want, which and Marissa Vosper, two graduates of the Uni- city’s Potter’s Field just offshore— woman asked. She gestured toward a camera is a garment that meets their varying needs. versity of Pennsylvania who led finance and the final resting place of more than trained on a dressing room. The open curtain On that late May evening,there were few tak- branding careers before they started taking class- 1 million indigent New Yorkers. framed mirrors and photos of lingerie.In a hushed ers of butt selfies, but plenty of women drinking See UNDERWEAR on Page 19 See CITY ISLAND on Page 7

STATS AND THE CITY by Gerald Schifman Facing long odds, weed GREEN LIGHT FOR YEARS, solar energy was scarcely used to power buildings in New York. But with higher growers pull out the stops electricity costs and more state incentives, many New Yorkers have moved to solar. 25 Cents per kilowatt hour of electricity Number of 77,000New York 19.2¢ state homes now powered In preparation, CCCNY, based running, Mr. Goldberg said. by solar, up from 19,000 Five coveted spots in Nassau County, has leased four They’re not alone. Many of New 17.3¢ 20 in 2011 up for grabs as sites around the state to distribute its York’s 43 aspiring cannabis growers products. The company has already have leases on cultivation sites and Amount paid medical marijuana unveiled two of its five brands, or dispensaries, core teams of 20 or $1B by the state strains, of cannabis and will develop more and high-profile partnerships through NY-Sun initiative gets off the ground 15 that cross industries and geograph- January 2011 January 2015 to increase solar capacity ic regions. What they all lack is a li- BY CAROLINE LEWIS To set itself New York City’s use of solar has increased at The greatest solar-power participation is in cense to operate. a faster rate than any other region in the state. the outer boroughs—particularly Queens and Sometime this month, the state Approximately 6,000 NYC homes now have Staten Island, where single-family homes The nine-acre greenhouse outside apart, one firm will announce the five that will be solar power, up from nearly 1,000 in 2011. dominate. Rochester leased by the Compas- allowed to grow cannabis,manufac- 6000 sionate Care Center of New York is even pledges ture it into various pills and extracts, Staten Bronx Island 19% fully operational: It has temperature and dispense it to New Yorkers bat- 32% 3000 5,916 control and irrigation, and produces kosher pot tling such conditions as epilepsy and 956 Brooklyn 18% flowers, vegetables and, soon, with cancer.Those firms will get in on the 0 4% any luck, marijuana. ground floor of an industry project- 2011 2014 Queens 27% Manhattan It will be no trouble to produce ed to generate $1.4 billion for the carefully engineered strains of med- state by 2020, according to financial For those with the space to install solar, the savings are big. Homeowners generally sign long- ical marijuana by January, said others through exclusive partner- research firm GreenWave Advisors. term leases with solar providers, who pay for installation and issue smaller monthly bills. Lewis Goldberg, a spokesman for ships with experienced medical- The 43 applicants—almost all Average monthly energy-bill savings for consumers who are solar users the company.That’s when the state’s marijuana companies—Tikun limited-liability partnerships— 20% Department of Health has pledged Olam in Israel and MedReleaf in have raised millions of dollars and Sources: NYSERDA, SEIA, OnForce Solar, Urban Green Council to have New York’s cannabis pro- Canada. “Dozens of people” are strived in myriad ways to be one of gram up and running. working to get the company up and See WEED on Page 19 ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY

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month laying out the kinds of tax breaks employers need to keep their IN THE rank and file here. The partnership urges the state to expand a program called Excelsior to MARKETS provide employers with tax incen- by Aaron Elstein tives to retain middle-class jobs in finance and other industries. The group also wants personal income- tax rates on high earners cut to no From big hair to big job losses more than 50% of earned income from the current 54% when federal, n unjustly forgotten movie about Wall Street is state and city taxes are counted. Working Girl.The 1988 film, directed by Mike Nichols, It will infuriate a lot of people if Wall Street and other corporate stars Melanie Griffith as a secretary from Staten Island behemoths get tax breaks for simply A Harrison who teams up with a hot-shot investment banker ( retaining jobs rather than creating Ford) to work on a big deal after her boss (Sigourney Weaver) them. Meanwhile, it takes an awful breaks her leg while on vacation. Ms. Griffith’s boyfriend is incentives offered by other states Sensing an opportunity, the lot of startups to offset job losses at and municipalities while at the same Partnership for New York City—a busi- the companies that employ more played by Alec Baldwin. It’s very good fun. time protecting the city’s middle- ness group whose members include New Yorkers than anyone else. But here’s what really dates the movie back to another time: class tax base. the large banks—issued a report last Watch this space closely. Ⅲ

You just don’t see many secretaries from Staten Island working in the financial district anymore. Sure,Wall Street still drives New York’s economy, accounting for better than a fifth of all private-sector wages paid in the city—and the average Wall Street bonus last year was $172,860. But that lucre is gobbled up by a steadily shrinking group. Back when Ms. Griffith was It pays to tend making her bid for upward mobility, 34% of all jobs in the securities industry were located in the city.That figure has since dropped nearly by half, to just under 19%, according to the U.S. Bureau of Labor Statistics. to your fl ock. Some of that can be explained by Wall Street’s hiring more deal- makers in Silicon Valley and other hot markets. But the erosion also illustrates how back-office and administrative jobs have mi- Over the past 5 years, employee grated to places like Jersey City and Phoenix. That decline seems out-of-pocket expenses have likely to continue. Last week, risen nearly 40%.1 Gov. Chris Christie’s folks made a bid to lure 2,150 back-office jobs at JPMorgan Chase across the Hud- son in exchange for $19 million Afl ac can help protect your employees with worth of tax breaks. (See Greg David, Page 9.) cash to cover their bills in the event of a covered Financial jobs aren’t the only sickness or injury. And now employees’ claims ones leaving. In April, Nestlé USA can get paid in a day with Afl ac’s One Day PaySM said it would ship Puerto Rico- when they submit online.2 bound cargo from Jacksonville, Fla., instead of the Port of New York and New Jersey.A month ear- Small businesses like how easy it is to add lier, recruiting giant Adecco Group voluntary coverage to their benefi ts at no said it would move its North direct cost. Especially when it is from Afl ac, American headquarters to Jack- sonville in exchange for about $2 the number one provider of worksite/voluntary million in incentives. insurance sales for 13 consecutive years.3 Afl ac None of these moves are terribly may even be a pre-tax deduction, so when we significant on their own. Collec- say it pays to tend to your fl ock, it just might. tively, they make things uncom- fortable for the de Blasio administration,which has refused to match Call your local agent and visit afl ac.com/smallbiz bloomberg newsbloomberg

NUMBER OF BANKING CEOS 12014 Employer Health Benefi ts Survey, The Henry J. Kaiser Family Foundation, September 10, 2014. 2One Day PaySM is available for most properly documented, individual claims submitted online through Afl ac who have been nicknamed SmartClaim® by 3 PM ET. Afl ac SmartClaim® not available on the following: Short Term Disability (excluding Accident and Sickness Riders), Life, Vision, Dental, Medicare Supplement, Long Term Care/ Home Health Care, Afl ac Plus Rider and Group policies. Individual Company Statistic, 2015. 3Eastbridge Consulting Group, U.S. Worksite/Voluntary Sales Report. Carrier Results for 2002-2014. Avon, CT. 2“Mack the Knife.” Barclays’ Coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, coverage is underwritten by American Family Life Assurance Company of New York. John McFarlane (pictured) is the latest Z150001R Worldwide Headquarters | 1932 Wynnton Road | Columbus, GA 31999 3/15 to possess the moniker, held for many years by former Morgan Stanley chief John Mack.

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DOWN TO THE WIRE: City Hall is cracking down on its business THE with Verizon in a move to get the company to She even put a happy face on the deliver its fiber-optic city’s decision to erect a City Hall INSIDER service citywide. hoop that Verizon must jump by Matthew Flamm through for every deal.“It’s easier to have one point of contact,” she said. The greater pressure may be on City Hall, which has thrown down Verizon can hear the mayor now the gauntlet with the audit and needs to show it is not powerless ife may soon be getting harder for New York City’s against a corporate behemoth. largest publicly traded company when it comes to “We’ll continue to talk with [Verizon]—as well as centralize our Ldealing with one of its biggest customers—the city of communications and look at the re- New York. lationship holistically,” Ms. Wiley The de Blasio administration is putting Verizon said.“And look at all our options de- Communications on notice that business it used to do with newsbloomberg pending on how they respond.” city agencies will now go through City Hall, which could that benefit them.” found Verizon hasn’t even finished choose to block discretionary transactions if it deems the The new approach also reflects putting its fiber network in the Broadside company a “bad actor.”The move is aimed at pressuring the how public the city’s battles with ground—something the company on broadband Verizon have become. In a recent said it had done by last November. telecommunications giant to make good on its overdue Wall Street Journal story, Anne Roest, Verizon, in its rebuttal, said the As if Verizon didn’t have enough promise to deliver broadband service citywide. commissioner of the Department of city has changed the definition of problems with its FiOS rollout and Information Technology and what it means for the network to be the de Blasio administration, the In a meeting at the end of June, shortcomings of its FiOS rollout. Telecommunications, cited reports completed, and lists uncooperative Working Families Party chimed in last Mayor Bill de Blasio told commis- Verizon, in a 30-page addendum she had received of Verizon com- landlords and other difficulties get- week with an accusation that surely sioners and agency heads they must to the audit report, disputed almost petitors having trouble running ting access to buildings as the main went overboard. inform the Department of Informa- all its findings. fiber-optic cable through conduits challenges to bringing FiOS from “For most New Yorkers, there tion Technology and Telecommuni- FiOS is of particular concern to the company controls in Manhat- the street into homes. isn’t an alternative to unreliable In- cations of all major contract negoti- the mayor because he has made uni- tan, Brooklyn and Queens. Veterans of franchise disputes ternet service,” the union-backed ations with Verizon and other versal broadband access a key com- Broadband providers have long say there’s a long tradition to these party’s Amy Witacco wrote in an service providers. The mayor’s ponent of his effort to reduce income complained privately about the disagreements. email blast. “Verizon does have a counsel, Maya Wiley, will issue final inequality.The franchise agreement, added costs of working with Verizon “There is always a tension be- cutting-edge fiber optic network approval of any discretionary deal. reached during the Bloomberg ad- in the outer boroughs. In Manhat- tween the expectations of the city called FiOS that breaks that mo- It’s no small threat: Verizon’s ministration, not only calls for the tan, Verizon subsidiary Empire City for performance, and what, on a nopoly, but for years they’ve been voice and data business for govern- build-out of New York’s lone city- Subway oversees the underground business basis, franchise providers picking only the wealthiest neigh- ment agencies has totaled close to wide fiber-optic network, but aims conduits, which providers say are are able to deliver,” said Kathryn borhoods in which to install it.” $650 million during the past five to spur competition by bringing costly and difficult to navigate. But Wylde,chief executive of the Partner- Even the city’s harsh audit didn’t years, according to city estimates. choice to neighborhoods currently Ms. Roest’s comments appear to ship for New York City, a business make that claim.FiOS is unavailable The edict reflects the adminis- served by a single cable television have been the first by a city official advocacy group that counts Verizon in many pricey areas, while some tration’s frustration with Verizon. and high-speed Internet provider. about the complaints. as a member. poor sections have been wired. Veri- An audit last month found the com- City officials say they are not Leecia Eve, Verizon’s vice presi- She noted that she is unable to zon first connected Staten Island, a pany had not lived up to its 2008 making threats. But they want Ver- dent for state government affairs get FiOS in her Bay Ridge, Brook- middle-class borough, because its franchise agreement to make its izon to know the game has changed. and a former Cuomo administra- lyn, neighborhood. above-ground wires and single- fiber-optic cable-television service “We’ll treat Verizon fairly,” said tion official, said the company has Verizon, too, insists the current family homes made the job easy. available to all New Yorkers. Ms. Wiley, who leads broadband received no complaints from disagreements are in many ways part A Working Families Party The de Blasio administration’s strategy for the mayor. “But where providers about the conduits. She of working with a longtime partner. spokesman cited a study by CWA, a new protocol has been described by we have the power to make deci- suggested that if they were unhappy, “I put the challenges we are fac- union at odds with Verizon,showing insiders as an attempt to keep Veri- sions, we will make decisions that they should call Verizon. ing right now within a much broad- Verizon wired suburbs around Buf- zon from continuing with business benefit good corporate actors.They More significantly, the city and er, multifaceted context,” Ms. Eve falo, Albany, Syracuse, Boston and as usual while failing to make good have to demonstrate to us that they Verizon seem further apart than said. “We have a very strong rela- Baltimore but not the cities them- on its FiOS franchise commit- are good corporate actors if they ever on the central issues surround- tionship with the city across the selves. New York City was not part ments—or even acknowledging the want us to use our discretion in ways ing the 2008 agreement. The audit board.” of the study. —erik engquist

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IN THE BOROUGHS BRONX

residents will help launch a cam- City Island to City Island changes paign to make it a national monu- Hart Island, but a ment. The effort includes plans to recent lawsuit set- Continued from Page 4 Boatyard, a 70-unit development create more accessible parkland by tled by the city “Like every community, City erected in the 1980s on the former transferring Hart Island from the will now allow Island needs to change, if even a lit- site of a shipwright’s shop that, like jurisdiction of the Department of family members tle bit,” said John Doyle, a member many others, fell victim to the pub- Corrections to the Parks Depart- of those buried of the City Island Civic Association. lic’s growing preference for fiber- ment. City Council hearings on the there an addition- But he and his fellow clamdiggers glass hulls.The boat makers are long transfer are scheduled for this fall. al monthly week- erik ipsen are determined it should come on gone, too. The island is now best end visit as well. FINAL EXIT: City Island dock for ferry to Potter’s Field their own terms. Take, for instance, known for its summer traffic jams Added ferry service “Making Hart the badly corroded 17-foot-high steel and day-trippers who flood in to en- Residents and elected officials Island a national span that links them to the mainland. joy a respite from harried city life. hope the transfer will provide better monument will draw the attention of Ms. Hunt said country singer Yes,it has to go,but when city officials Many of those tourists remain upkeep of the island and protect it the National Park Service,” said Emmylou Harris has agreed to per- proudly unveiled plans to replace it blissfully unaware that neighboring from any future development. A fer- Melinda Hunt, founder of the Hart form at an Aug.29 rallying event at with a roadbed Hart Island lies just several hundred ry now makes a monthly weekday run Island Project, which has helped re- the ferry-dock entrance on City suspended on ca- yards away offshore. This summer, from the foot of Fordham Street on cover thousands of burial records. Island’s Fordham Street. 4,500 bles from a soar- POPULATION of ing 160-foot-tall City Island tower, residents filed suit to block With today’s technology, there are more it.They railed that ways than ever to manage energy 4 it didn’t mesh in consumption. And new incentives to NUMBER of their hamlet of use them. Con Edison is offering nearly yacht clubs modest two- and $200 million in rebates for their Demand three-story hous- Management program. So it’s easier es, bait shops and than ever for commercial and multifamily 230 buildings to make energy efﬁciency seafood restau- CITY ISLAND’S improvements. Together with NYSERDA, acreage rants. we’re giving you new and creative ways “We can’t to go green. While spending less of build houses higher than 35 feet,” your own. Remember, these incentives said Barbara Dolensek, vice presi- won’t last forever, so be sure to dent of the City Island Nautical take advantage of them while you can. Museum,which is housed in a white Call 877-797-6347 or email us at clapboard former school that dates [email protected]. to the late 1800s. “Having such a massive structure at the entrance of the island would have been inappropriate.” In the end, the city radically scaled back its ambitions, substitut- ing a low-rise causeway-style structure. “It’s a simple design that reflects the context of the community it connects,” said Polly Trottenberg, commissioner of the city’s Depart- ment of Transportation, which has slated a 2017 opening for the $105 million link. Blending in Meanwhile, 43 new condomini- ums will rise on a five-acre waterfront site overlooking Long Island Sound in the next two years. Jeff Simpson, chief executive of the project’s builder, Greystone Property Devel- opment,stressed that it was designed to fit in seamlessly with its surround- ings,including the island’s 1,500 single-family, mostly clapboard homes. He noted that there will be 22 free- standing townhouses, each with two stacked units, giving the appearance of one-family homes. “We were worried at first that the complex would be tacky, but it blends in with the community,”said Ms. Dolensek. Simply dubbed On the Sound, THE INCENTIVES the development will offer a mix of two-, three- and four-bedroom units complete with private drive- ways, gardens and elevated terraces. A community esplanade and gaze- JUST WENT UP bo are also being built. Prices start between $450,000 and $500,000 for TO KEEP ENERGY CONSUMPTION a two-bedroom and run close to $600,000 for a four-bedroom.More than a third of them have sold already, according to Mr. Simpson. “We were planning to stagger DOWN. construction,but given the demand, we’re forging ahead,” he said. On the Sound is one of the biggest condo complexes on City Is- land to go up since the opening of the

July 13, 2015 | Crain’s New York Business | 7 20150713-NEWS--0008-NAT-CCI-CN_-- 7/10/2015 5:41 PM Page 1

OPINION CRAIN’S NEW YORK BUSINESS

Amtrak chief sees the light editor in chief Rance Crain publisher, vp Jill R. Kaplan nthony Coscia has spent $300 million of have required an expensive rerouting. EDITORIAL executive editor Jeremy Smerd Amtrak’s precious cash on a $15 billion By securing the rights of way, Mr. Coscia is making the assistant managing editors Barbara Benson, Erik Engquist project that might never happen: a new eventual tunnel less expensive and better integrated with senior news producer Amanda Fung Hudson River tunnel and other Penn Station via a new Moynihan Station across Eighth copy desk chief Steve Noveck art director Carolyn McClain improvements to rail service to and from Avenue. It’s an investment that will make Gateway likely to staff photographer Buck Ennis senior reporters Aaron Elstein, Matthew Flamm, Manhattan. happen sooner rather than later. And the sooner the better. Daniel Geiger, Adrianne Pasquarelli reporters Joe Anuta, Andrew J. Hawkins, The Amtrak chairman has done this Amtrak’s investment also gives it credibility in Congress, as Jonathan LaMantia, Caroline Lewis after the government blew $600 million on a similar project does its efforts to get its own house in order. It has more than data reporter Gerald Schifman editorial interns Carly Apar, Erica Davies, ultimately killed by New Jersey Gov. Chris Christie. halved its debt since 2002 despite plunging federal subsidies. Danni Santana A editor at large Glenn Coleman Mr. Coscia is not diving into a pool without checking for Confidence in its columnist Greg David operation is crucial to contributing editors Tom Acitelli, water. He knows it’s empty. No deal has been struck among Anthony Coscia Theresa Agovino, Paul Bennett, Erik Ipsen, the many stakeholders to fund the project. persuade Congress, the Elizabeth MacBride, Judith Messina, Elaine Pofeldt, Is Mr. Coscia a fool? Quite the opposite. His brave actions is leading the states of New York and Miriam Kreinin Souccar, Cara S. Trager ADVERTISING New Jersey, and the show leadership and foresight that should be emulated. way on a crucial advertising director Joanna Harp relevant transportation senior account managers More rail service under the river is necessary and long Jill Bottomley Kunkes, Rob Pierce overdue. On this point, transportation officials on both sides Hudson tunnel agencies to support this account managers Zita Doktor, Jake Musiker, Stuart Smilowitz of the Hudson agree.The two existing heavy-rail tunnels are Amtrak-led project. marketing coordinator LeAnn Richardson sales/events coordinator Tara Richmond a century old and show signs of serious wear.Taking either Mr. Coscia has been credit manager Jason Hogan (313-446-0353) offline for repair would cut traffic across the Hudson by meeting regularly with ONLINE AND INTERACTIVE SERVICES 75%, wrecking commutes and placing a tourniquet on the his counterparts at the general manager Rosemary Maggiore regional economy.The Gateway plan would double capacity Port Authority of New York and New Jersey, the CUSTOM CONTENT, EVENTS AND PRODUCTION crain’s 5boros general manager and allow the city to keep up with the region’s growth. Metropolitan Transportation Authority, New Jersey Transit Irene Bar-Am and other entities.They appear to be all on board. director of custom content What’s needed is political will and funding. Delay not Patty Oppenheimer only hamstrings commerce, but also increases project costs. The foundation is there. Now it’s up to Congress, Mr. director of audience & content partnership development Michael O’Connor Wisely, Mr. Coscia built casements for future tunnels under Christie and Gov. Andrew Cuomo to get moving on this director of conferences & events Courtney Williams the mammoth Hudson Yards development. Waiting would crucial work. manager of conferences & events Adrienne Yee special projects manager & scheduler Alexis Sinclair COMMENTS director, reprints and licensing Lauren Melesio production and pre-press director Simone Pryce media services manager Nicole Spell TO SUBSCRIBE: How to make Albany feel the heat For print and digital subscriptions or customer service, e-mail [email protected] ONE LAWMAKER’S ELIXIR or call 877-824-9379 (in the U.S. and Canada) or month session also gives lawmak- In addition to what I have pro- one else, is leading this effort. 313-446-0450 (all other locations). $3.00 a copy for the print edition; or $99.95 one year, $179.95 two Re “The root cause of Albany’s dys- ers plenty of time to rub elbows posed, other good reform ideas in- As the article noted, we’re utiliz- years, for print subscriptions with digital access. function” (Greg David, June 29): with lobbyists, party bosses and clude term limits, recall elections ing a state-funded Brownfield Op- www.crainsnewyork.com/subscribe State government can be fixed if special-interest groups. and reducing the legislature’s abili- portunity Area program to accom- TO ADVERTISE: there is a will to fix it. The quicker we get our work ty to reward cronies with cash or plish the required environmental Contact Joanna Harp at [email protected] A simple but powerful way to done and get home to the people tax breaks.To achieve real reforms, review. Under this program, muni- or call 212-210-0278. clean up Albany and improve our we represent, the better off the however, we need to put pressure cipalities and LDCs can apply for www.crainsnewyork.com/advertise state would be to cut the legisla- state will be. on the entrenched Republican grants to plan for the remediation FOR INFORMATION ON OUR EVENTS: tive session from six months to The ability of the Assembly establishment in the state Senate and revitalization of brownfields all Contact Courtney Williams at [email protected] or 212-210-0257. three and reduce legislator pay ac- speaker or Senate majority leader and their counterparts in the over the city and state.Two plan- www.crainsnewyork.com/events cordingly. We can get the budget to block legislation leads to corrup- Democratic-dominated Assembly ning initiatives on Staten Island done and deal with any other big tion. Big donors and special- to pass them. have similar contracts with local FOR INFORMATION ON CRAIN’S 5BOROS: Contact Irene Bar-Am at issues in that time. Today, fewer interest groups often have a huge As President Ronald Reagan groups.The notion that there is [email protected] or 212-210-0133. than 60 days of the session are stake in bills’ never making it to the said, “When you can’t make them anything unusual about our work- www.5boros.com spread over six months. And many floor for a vote. For years, former see the light, make them feel the ing relationships with any of these TO CONTACT THE NEWSROOM: session days aren’t days at all. Assembly Speaker Sheldon Silver heat.” local entities through the brown- 685 Third Ave., New York, NY 10017-4024 They’re an hour or two of passing blocked any legislation that would —kieran michael lalor field program is baseless. editorial phone: 212-210-0277 noncontroversial bills unanimous- While we expect to forge a fax 212-210-0799 rein in personal-injury lawyers. The writer is a Republican Entire contents ©copyright 2015 Crain Communications Inc. ly or nearly unanimously. Many believe this was done to ben- assemblyman from Dutchess County. consensus in Flushing West, we All rights reserved. ®CityBusiness is a registered trademark If each session day lasted five or efit the personal-injury law firm are not under any obligation to the of MCP Inc., used under license agreement. six hours, we wouldn’t even need that paid him a half-million dollars CITY PLANNING RESPONDS LDC. To meet the community’s CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS three months. With lawmakers in a year but required no work. needs and the mayor’s housing ob- chairman Keith E. Crain session for six months, they feel My colleague, Assemblyman I write to set the record straight on jectives, we are adding a require- president Rance Crain treasurer Mary Kay Crain the need to justify their existence. Mark Johns (R-Webster), has the Department of City Planning’s ment for affordable housing, Cindi Crain So they draft bills to meddle in the pushed the Single Opportunity Flushing West neighborhood which was not in the LDC’s plan. executive vp, operations William Morrow lives of citizens and businesses. for Legislative Equality Act to project (“A tiny nonprofit has out- In short, the LDC has no veto executive vp, director of strategic Many of these seemingly innocu- deal with this enormous problem. size influence on city zoning plan,” power over our work. Rather, the operations Chris Crain ous but ill-conceived laws are un- The SOLE Act guarantees every June 29).The article indicates that public does—via the city’s trans- executive vp, director of corporate operations K.C. Crain funded mandates on localities and state lawmaker the ability to get the Flushing Willets Point Corona parent and multilayered public senior vp, group publisher David Klein businesses that add to the death- one bill to the floor for an up or Local Development Corp. (LDC) land-use review procedure. vp/production, manufacturing David Kamis by-a-thousand-cuts dynamic that down vote every two years. This has outsize influence on the —john d. young chief financial officer Thomas Stevens chief information officer Anthony DiPonio squeezes taxpayers and businesses. bill would dilute the power of process.This is inaccurate. City Director, Queens borough office The leisurely pace of the six- house leaders to block legislation. Planning’s Queens office, and no Department of City Planning founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) secretary Merrilee Crain (1942-2012) CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send columns of 475 words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number.

8 | Crain’s New York Business | July 13, 2015 20150713-NEWS--0009-NAT-CCI-CN_-- 7/9/2015 6:01 PM Page 1

WILLIAM OHLEMEYER Facing the music, the coming year, we will cut pro- gramming and suspend our long- running “Happy Concerts” family series that has filled such presti- orchestra cuts back gious venues as Avery Fisher Hall, Alice Tully Hall, Carnegie Hall, City Center and BAM. The sad reality is that New York he Little Orchestra Society’s holiday perform- may soon lose its oldest teaching ances of Peter and the Wolf filled the Brooklyn orchestra and one of the few dedi- Academy of Music with families from through- cated to high-quality family con- out the boroughs.The Prokofiev children’s clas- certs. The city will lose an important part of its cultural fabric—an sic was a hit by all measures—except one.Tick- organization that has inspired Tet sales didn’t cover the cost of production. generations of New Yorkers. Although that may not be a surprise to some,many don’t re- Our demise would not just be alize that for nonprofits like ours,only 25% to 40% of a produc- felt in concert halls, but also in classrooms. We have brought teaching artists into public schools tion’s cost is covered by ticket rev- American orchestras are over- throughout the city to help chil- enue.Venue rental,orchestra talent, whelmingly reliant on private dona- dren compose, create and appreci- choreographers, dancers, directors, tions, which represent 46% of total ate classical music. marketing, advertising and staffing revenue,according to the League of Although we plan to continue are just some of the expenses for American Orchestras. Recovering our education program next season concerts such as Peter and the Wolf. from the 2008 recession’s hit on pri- and present only our LOS Kids se- Like other small orchestras na- vate donations and ticket sales has ries for ages 3 to 7, the future is far tionwide, ours is at a crisis point. been a challenge, compounded by less certain. We know from the Closures, bankruptcies and down- the unexpected passing in 2011 of faces of children and their families sizing of orchestras from Philadel- Music Director Dino Anagnost. how much we would be missed. phia to Detroit to Honolulu have Creative,production,venue and The performing arts increasing- increased in recent years. labor costs have ballooned, while ly require a broad base of support. During 68 seasons in New York federal, state and city grants for Ticket sales alone do not cover the City, LOS has diversified its audi- New York City cultural program- costs of our work. Without in- ences without losing sight of its core ming have declined significantly creased funding from passionate mission: to educate and entertain since 2008 in inflation-adjusted supporters of the arts and a gener- people of all ages in public schools, dollars, according to a report from ous audience, organizations like community centers and concert the Center for an Urban Future. ours will not survive. halls. Artistically, we are doing our We are not the first to confront best work ever. Paying for it, how- these economic realities, nor will William Ohlemeyer is president of the ever, has become the issue. we be the last.As a consequence,in board of The Little Orchestra Society.

that were ruining the city, and he pledged to eliminate it. He started Commercial rent by eliminating it everywhere but Manhattan south of 96th Street and exempting smaller companies. tax = fewer jobs In the aftermath of 9/11, Mr. Silver demanded the commercial rent tax be removed for much of ometimes it’s important to connect the dots,as is the downtown to lure companies back case with two news stories that broke on the same to the area.The tax does not apply in some other parts of Manhattan day this month. as well. First, Manhattan Councilman Dan Garodnick This year, the levy will generate told Crain’s he wanted to eliminate the commercial about $770 million (2% of tax rev- rent tax. What he had actually done, though, was introduce a enue) from some 7,000 businesses S that happen to be in the wrong parts bill that would exempt tenants who pay less than $500,000 in of Manhattan. Is that fair? rent, but the lost revenue would be made up by increasing the Mr.Garodnick’s plan,however, would just ratchet up the incen- tax on companies that pay more tives for companies like Chase to than that amount. move employees out of the city. Then, word leaked that Although the rent tax is only one JPMorgan Chase was close to mov- of many reasons New York is so ing 2,150 jobs across the river to pricey, it drives executives crazy New Jersey, lured in part by big tax because no other cities impose it. incentives. By the way, these are Mr.Garodnick says he is trying information-tech positions—the to find a politically palatable way middle-class jobs the de Blasio ad- to reduce the burden because he ministration prizes so much but doesn’t think the city can forgo the which financial-services firms like revenue. One approach would be Chase are sending elsewhere. to impose the tax citywide, which Let’s start with the onerous tax GREG DAVID would reduce its rate dramatically. on businesses’ rent. That’s probably not politically fea- This levy was first imposed in sible, either. 1963,when the city was approach- tenants, so it was in essence a tax So, why not pass a phase-out ing statutory limits on the proper- on a tax. that would keep exempting more ty tax.In that era,the first response The tax’s current iteration can businesses by raising the threshold to any revenue need was to get it be blamed on former Mayor Rudy over four years until it disappears? from businesses.No one seemed to Giuliani and ex-Assembly Speak- That would make the revenue hit understand that landlords passed er Sheldon Silver. In the 1990s, it manageable and send a signal— along the cost of property taxes to ranked high on Rudy’s list of taxes especially to companies like Chase.

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CONSTRUCTION TECH INSIDE The List Largest Construction Firms The companies with the highest revenue and the projects that are keeping them busy REPORT PAGE 12 Startup star gives so that others may build Alexandre Mars wants to aid NGOs by making it easier for donors to fund projects

BY ELIZABETH MACBRIDE

Alexandre Mars made a fortune leading two tech startups to prof- ENERGY SAVER: Jules itable exits, selling one to Publi- Ehrhardt’s company, Ustwo, cis Group and the other, a 200- has used Internet of Things employee company called technology to monitor its Phonevalley, to BlackBerry. electrical usage. Now the 40-year-old is in startup mode again, launching the Epic Foundation, a nonprofit that he hopes will lure donors by connecting them to a rigor- ously selected group of global organizations focusing on children and youth—with tech tools that, for example, allow donors to track the impact of their money. “It took me 20 years to be able to say I can choose the next chapter of my life,” Mr. Mars said. “When you really want to change things, it’s better to have

money. I have enough money, buck ennis enough power and enough network to do that.” The Paris-born Mr. Mars is a widely known serial entrepreneur himself—since the age of 17—and a rising star in New Devices for developers York’s tech and philanthropic scenes. His foundation is still in the se- ‘Internet of Things’ with 50 employees in Manhattan and ects that save users money while of- lection process, but among those 250 globally, brought in Enertiv, a GONE VIRAL fering growth opportunities for the on its list of finalists are gadgets help measure New York startup. Enertiv installed a companies selling the services or construction-focused nongovern- system that measures how much elec- Projected number of IoT hardware. mental organizations (NGOs). air quality, protect tricity is used by every device in the gadgets in use: Some companies use the technol- Those include a Uganda-based office, from air conditioners to coffee ogy to monitor energy consumption group that constructs homes for workers and more machines. or indoor air quality. Others install women looking after AIDS or- “We worked closely with the com- 25B complex systems in buildings for de- phans and one in Laos that builds BY ANNE FIELD pany throughout the construction velopers or sell wearable devices that schools. And it’s looking at U.S.- process,” said Jules Ehrhardt, head of track workers’ activity on construc- based nonprofits, too, including When the folks at Ustwo started the studio at Ustwo New York,which tion sites to better prevent accidents. New York’s Ali Forney Center, planning their new 20,000-square- has about $10 million in revenue in Known generally as the “Internet which manages and develops foot space in Manhattan six months New York and $40 million in total of Things” (IoT), these systems, at transitional houses for homeless ago, they knew the construction globally. “Now, with this technology, their most basic,allow devices to con- LGBT youths. would involve a complete gut job.But we can monitor things down to the nect to one another and communi- Epic is one of a host of new that made it easier for them to install desk level.” cate. Generally, they use sensors to tech-driven startups that are be- technology to control their energy Ustwo is one of an increasing 4.9B gather data, which are then transmit- ginning to shake up the nonprof- use during the renovation. number of small businesses in New ted wirelessly or through other means it space. Others are aiming to To that end, the digital product York making use of advances in tech- 2015 2020 either directly to a device,like a refrig- See STAR on Page 14 studio, which is based in London, nology for construction-related proj- Source: Gartner estimates erator, or to a computer, where they

10 | Crain’s New York Business | July 13, 2015 20150713-NEWS--0010,0011-NAT-CCI-CN_-- 7/9/2015 6:31 PM Page 2

can be further analyzed. million to $3 million in revenue, of- construction businesses. smartphone and just about everyone that monitors and reports how such In New York,most of the action is ten works with developers to design, Lighthouse, which is based in has one,” said Patrick Carne, gener- factors as humidity,dust particles and among startups selling these systems integrate and install sys- Melbourne, Australia, al manager of the five-employee temperature affect health. to large enterprises; small-business tems that can do anything opened a Manhattan office Lighthouse. “The barrier to entry is The initial customers are con- customers are still trying to figure out from adjusting a thermo- $70B three months ago to sell its low.” Revenue is $500,000 to $1 sumers,according to co-founder and their value. That’s because the users stat to controlling motor- 2015 SPENDING system, which aims to help million, but, according to Mr. CEO Ron Ro.But the company also of many IoT systems aimed at con- ized shades. He also may on Internet of construction and facilities Carne, “there’s another $10 million plans to target builders,who will buy Things services struction are larger companies. For simply install the necessary Source: Gartner estimate management companies in business that’s been booked.” the hardware from Bitfinder and one thing, bigger firms have roomier wiring,so whoever buys the monitor worker safety. It then work with third-party develop- budgets for trying out new technolo- apartment can arrange to have a sys- incorporates beacon technology, al- Cleaning up indoor air ers to create a dashboard with cus- gy. And IoT systems tend to be well tem put in place later on. lowing users to see on a dashboard Addressing environmental prob- tomized metrics. Ultimately, he suited to platforms involved with “A real estate developer may not where employees with mobile phones lems,like poor air quality or excessive wants to see a new health standard equipment and worker safety, ac- want to invest in the hardware infra- are on a work site in case of an acci- energy use,is another target for these for buildings, much like LEED cer- cording to Haytham Elhawary, co- structure, so we’ll just install the dent.The system can detect if a work- IoT systems. Bitfinder, a nine- tification for energy efficiency. “We founder and CEO of Kinetic. basics,” said Mr. Borenstein. er is about to operate a dangerous employee startup based in San Fran- need smart buildings that under- Kinetic, a nine-month-old There also are a number of start- piece of machinery and then send that cisco and Seoul,South Korea,recent- stand what type of environment is Manhattan startup, sells a wearable ups in New York, like Kinetic, sell- person instructions on how to use it. ly opened an office in Manhattan. In healthy for the people working and device for construction workers, ing IoT platforms aimed at larger “Half of this technology is on a early June, it introduced a platform living there,” Mr. Ro said. Ⅲ among others,that can alert companies when employees are engaging in a physical activity that could be dangerous. “Bigger companies have stronger safety cultures and processes for getting things done,”said Mr.Elhawary, whose company has four employees and whose product is in beta. Perhaps the most prominent ex- GET IT ample of IoT in construction is in the Hudson Yards mixed-used development. The Related Cos. and Oxford Properties Group are working with New York University’s Center for Urban Science and Progress to create what they’re calling a “quantified community.” The IoT-based platform, which will be located throughout the 28- DONE acre site, is intended to increase ef- ficiencies by, for example, measur- ing pedestrian traffic flow and gauging air quality. For now, they’re working on the infrastructure, including installing fiber loop wiring and appropriate sensors. “By building Hudson Yards from the ground up, we have the unique opportunity to introduce things that couldn’t be done anywhere else,” said Thad Sheely, senior vice president of Related Hudson Yards. Smartphone-ready Installers are the most frequent customers for many of these systems. Take Mark Hernandez, founder and CEO of seven- employee, Manhattan-based Cliqk. ORGANIZATION IS THE KEY TO SUCCESS! He started the company 11 years M.S. in Project Management ago to install pricey electronic net- In today’s complex business environment, strong project management COURSES INCLUDE: works with audio, video and other skills are required to see an initiative through each critical phase—from Principles of Project capabilities in homes and stores. conception and planning to execution and performance monitoring to Recently, though, he changed his completion and evaluation. The ability to focus on the big picture, while Management focus to installing cheaper, less be- remaining cognizant of the little details, is essential for success. As more Leading Global Organizations spoke systems that can be controlled companies, nonproﬁts, and government agencies use project-based Transforming Organizations with a smartphone. For example, methods to accomplish their goals and objectives, experienced project Project Management apartment dwellers would be able to managers will be in greater demand than ever before. The 36-credit Operations adjust their lighting and air- M.S. in Project Management, offered by the NYU School of Professional conditioning through an application Project Risk Analysis and Studies, provides a rigorous academic experience that is grounded in on a mobile device. Mr. Hernandez Quality Assurance said he has been talking to a major real the best practices, principles, and methodologies. Management and Agile Project Management leadership skills are fused with the business and technological know- estate developer about installing sys- Enterprise Project Management tems in a 900-unit apartment build- how needed to oversee projects across industries, providing you with ing to be constructed in Fort Lee,N.J. the tools to get the job done now and throughout your career. The change in strategy also is attracting investors. Mr. Hernandez’s company has more than $1 million ATTEND: A Graduate Information Session on Tuesday, July 14, 6 p.m. in revenue, and, he said, recently REGISTER: VISIT: CALL: raised an additional $1 million from sps.nyu.edu/graduate-events22a sps.nyu.edu/mspm1a 212-998-7100 investors who include senior execu- REQUEST INFO./APPLY TODAY: sps.nyu.edu/gradinfo22a tives at SJP Properties and Related Cos. He is gearing up for a venture- capital fundraising round this fall. FIND YOUR Similarly, Jack Borenstein, presi- FUTURE SELF dent and founder of Ultimate Sound & Installations,a 12-employee com- New York University is an affirmative action/equal opportunity institution. ©2015 NYU School of Professional Studies. pany in Long Island City with $2

July 13, 2015 | Crain’s New York Business | 11 20150713-NEWS--0012-NAT-CCI-CN_-- 7/9/2015 6:02 PM Page 1

THE New York Area’s Largest Construction Firms LIST Ranked by 2014 area revenue

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FOR ALL CRAIN’S LISTS, GO TO WWW.CRAINSNEWYORK.COM/LISTS

12 | Crain’s New York Business | July 13, 2015 Louis J. Coletti President & CEO

WHY ARE 90% OF THE TOP 20 CONTRACTORS BTEA CONTRACTORS?

Project Management, Experience, Expertise 65% of all apprentices are BTEA Contractors employ the safest, best trained, highest quality African-American, Latino, and Asian professionals who have proven expertise building in a complex urban environment. Compare the safety record of BTEA contractors with its non-union competitors: – 72% of construction fatalities in New York City, were on non-union sites in 2014 (US Dept. of Labor, OSHA) – 65% of all Full Stop Work Orders were issued to non-union contractors in FY’2014 (NYC DOB Statistics) – 61% of accident sites (where the DOB issued an ECB violation) were non-union general contractors (NYC DOB)

Building New York with a Diversity of New Yorkers When the BTEA looks at the growing New York skyline and infrastructure—it sees more than just steel, concrete, glass and brick. We see new tax revenues, new jobs, an improved quality of life and new business opportunities that will lead to strengthening our City’s middle class. The BTEA partners with high schools and universities to provide business internships and construction jobs to students through the Construction Skills Program, recruits veterans through the Helmets to Hardhats program and women through the Nontraditional Employment for Women program. Total apprentices: 8,000

Remaining Competitive in Changing Times While BTEA contractors want to continue to build 100% of their projects with building trade union members, we work every day in an effort to reduce these costs. Our commitment to our clients is to provide them with the most cost-effective, safe, quality projects we both can be proud of.

REPORT CONSTRUCTION TECHNOLOGY Startup star aims to rebuild lives

Continued from Page 10 Hewlett Foundation com- change things by offering piled a list. “Donors aren’t more convenience, really suffering from a lack such as Washington, D.C.- of opportunities to give,” based GoodWorld.me, Ms. Bernholz said. which allows people to The competition for make donations by using donors is likely to only hashtags on Twitter or increase. According to Facebook. Guidestar, a research firm Still others say that po- that compiles data on the tential donors want more nonprofit sector, the num- personalization and the ber of new nonprofits is on ability to give locally.A San the rise again after remain- Francisco-based startup ing roughly flat for three called HandUp allows do- years through the recession. nations to individual home- That picture doesn’t less people. Donors ‘weren’t daunt Mr. Mars, who spent the past few months traveling around the Tracking projects giving because world, posting on Facebook and In a slum in Mumbai, India, Mr. meeting with potential nonprofits Mars found kindred spirits: Seven they didn’t trust’ for Epic. He said that he wants to mothers had pooled their life sav- appeal to people who aren’t comfort- ings to start a business selling clean where the money able giving, because most philan- water. thropies don’t offer them enough of “They talk like entrepreneurs,” was going a sense of control. he said. “They are trying to find Along with providing more in- ways to change the community.” formation,Epic enables its donors to And they’re doing it.Their shop, design a portfolio of nonprofits to in a tin structure in the area that was give to, or donate equally to all those photos: herrington/epic foundation thomas featured in the film Slumdog Mil- on the platform. EPIC CHALLENGE: Entrepreneur Alexandre Mars has launched a foundation that aims to help lionaire, serves 150 clients a day; giving because they didn’t trust,they children by supporting groups involved in causes such as building schools and offering housing. they aim to reach 350. didn’t have the time and they didn’t Easy access It’s a project that donors could know where to start.” The foundation begins fundrais- easily connect to via Epic’s down- Mr. Mars has a record of success ing in September; it already has $1 Some 1,400 NGOs from 85 Mars is paying the $2 million annu- loadable app. If you donated to the on the for-profit side, but what he is million from Caudalie, a French countries applied to be on the plat- al budget out of his own pocket. mothers in India, for instance, you trying to do is challenging, said cosmetics company. form. The foundation’s staff of 15 “My money is not limitless,” said would be able to see how many Lucy Bernholz, a visiting scholar at Epic is also trying to reach truly will choose 20 each year for rolling Mr. Mars, “but I can commit water bottles they had sold today. the Stanford Center on Philan- grassroots organizations by making three-year terms, based on 45 crite- enough to see how successful this “I’ve talked to a lot of people who thropy and Civil Society. There its initial application easy: It takes ria, including cost compared with startup is.” If not, he said, he’s will- made money in the last 10 years,” were more than 200 giving market- only 35 to 40 minutes to complete, similar nonprofits, governance and ing to make changes in the future, Mr.Mars said.“Mostly,they weren’t places a few years ago, when the Mr. Mars said. the number of lives affected. Mr. like any true entrepreneur. Ⅲ

14 | Crain’s New York Business | July 13, 2015 OFF-SITE SUCCESS events | expos | entertainment Team-Building Fun and Games

Planning a corporate event that is fun, Here are a few ideas for bringing your team as well as educational and informative, together in fun and engaging ways. Our Crain’s Custom Studio icons illustrate the strength of is an on-going challenge for event plan- each activity based on how many of the above ners. Today, audience engagement is not components are covered: just a requirement for daytime sessions, but is also the goal of after-hours activ- Bowling ities, which carry strong team-building Bowling is an American classic that’s gone from potential. In fact, a productive team ’50s to fantastic with the emergence of lounge-like venues further enhanced by features such as live that plays well together is the holy grail music, laser-light décor and high-end cocktails and of business, offering the kind of group cuisine. Over 60 million Americans bowled last dynamism that leads to success where year, according to White Hutchinson, a leisure- industry consultant group, proof of the game’s it counts—your bottom line. enduring popularity as a retro trend. CRAIN’S CUSTOM STUDIO SCORE Here’s a checklist of key components to look for in your group activities—each activity should include at least three of the following:

HEALTHY COMPETITION A great team Go-Karts is formed from a myriad of personalities If there is a go-kart arena in your event area, go for and skill sets that complement each it. This exhilarating racing sport combines action other. Events that offer each team member with affordability. Kart racing allows members the opportunity to show their talents while to drive solo, or as a team, and works well with a competing against each other help motivate variety of team-building themes, such as building individuals to perform better and contribute trust, working together and competitive drive. to the overall success of the team. CRAIN’S CUSTOM STUDIO SCORE

RETRO COOL Younger employees HAMMERSTEIN BALLROOM mcevents especially, who may have grown up in a solitary world of video games, GRAND BALLROOM can benefit a lot from old-school pastimes like Culinary Classes board games and bowling. Engaging groups in Corporate culinary classes give participants a taste PERFECT FOR ANY EVENT classic games—particularly those considered of teamwork and allow them to savor group success. retro, trendy and cool—stimulate interest and Most people bond over food—food and drink is THERE’S NOTHING WE CAN’T DO encourage participation. the #1 topic on Pinterest and Instagram, afterall, according to e-commerce analytics platform, TEAM RELIANCE In a world of me, me, RJMetrics. Cooking classes also provide a way to Book your event for July or August 2015 me, it’s vital to create an atmosphere showcase delegation skills, reinforcing the notion and get 20% off the master bill! wherein teams must rely on one another that, be it a team or soufflé, the whole is often for a positive outcome. Keep in mind that the greater than the sum of its parts. collaboration and communication skills you CRAIN’S CUSTOM STUDIO SCORE (212) 279-7740 x214 want to see in the daily workplace should be [email protected] reinforced in the after-hours activities that you plan for your team. 311 West 34th Street NYC 10001 SHAREABLE MOMENTS The most Volunteerism celebrated moments beg to be shared. Good corporate citizenship is a key factor in For team-building experiences that attracting and retaining talent for a reason: transcend the confines of the group, plan giving back to the local community is important. activities rife with potential for positive, Working together for a common good (feeding shareable moments that will live on across the homeless, cleaning a local beach, etc.) goes View the digital edition at your company’s social platforms long after a long way in building personal relationships and OFF-SITE crainsnewyork.com/OSS the event. Just be sure that employees bringing perspective to daily work issues. understand and adhere to company policies CRAIN’S CUSTOM STUDIO SCORE SUCCESS and procedures regarding social media.

GET MOVING While there is always a place for team-building exercises that Murder Mystery Games For more information contact focus solely on brainpower, there is a growing trend for more active team pursuits. Corporate entertainment murder mystery dra- Stu Smilowitz at 212.210.0736 Activities like scavenger hunts, go-kart races matizations offer employees the opportunity to and dance competitions combine mental showcase their dramatic ﬂair, deductive reasoning [email protected] tasks with moderate physical activity. and problem-solving abilities. You can opt to have one team act out a mystery while other teams try Bottom Line: Your goal in designing any team-building to solve it, or you can hire a professional troupe to exercise, activity or after-hours event is to create an handle all the role-playing. enjoyable and memorable shared experience with CRAIN’S CUSTOM STUDIO SCORE lessons that, when recalled in the workplace, will have a positive impact on group performance. NEXT EDITION SEPTEMBER 21/2015

An Advertising Supplement to Crain’s New York Business P016-P017CL_CN_20150713.qxp 7/9/2015 2:10 PM Page 16

TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR EMAIL [email protected] EMPLOYMENT TELECOMMUNICATIONS PUBLIC & LEGAL NOTICES OPPORTUNITY NOTICE OF FORMATION of WAYNO Notice of Qualification of Rivington NOTICE OF FORMATION OF LIMITED AUDIO LLC. Arts of Org filed with Secy. Street Investors LLC. Authority filed with LIABILITY COMPANY. NAME: 237 of State of NY (SSNY) on 04/01/2015 Secy. of State of NY (SSNY) on 06/01/15. WEST 54 OWNER, L.L.C. Application Designer – Mass Markets 33 East 33rd Street Office location: NY County. SSNY Office location: NY County. LLC formed for Authority was filed with the Sequin, LLC has an opportunity for a designated agent upon whom process in Delaware (DE) on 05/06/15. SSNY Secretary of State of New York (SSNY) Designer – Mass Markets at our office in New York, NY 10016 may be served and shall mail copy of designated as agent of LLC upon whom on 01/24/14. The LLC was originally New York, NY. The Designer – Mass 212-532-7400 process against LLC to principal process against it may be served. SSNY filed with the Secretary of State of Markets is primarily responsible for [email protected] business address: 505 W 37TH ST. NY. shall mail process to: c/o Slate Property Delaware on 05/31/11. Office location: working with the Creative Design NY 10018. Purpose:any lawful act. Group LLC, 850 Third Ave., Ste. 16B, New York County. SSNY has been Director on new mass markets jewelry EMERGENCY NY, NY 10022, Attn: Martin Nussbaum. designated as agent of the LLC upon design projects by executing jewelry COMMUNICATIONS Notice of Qualification of 2255 Broadway Address to be maintained in DE: National whom process against it may be served. products for the mass market to meet SYSTEMS Tenant, L.L.C. Authority filed with NY Registered Agents, Inc., 160 Greentree SSNY shall mail a copy of process to customer design aesthetics. This posi- SPECIALISTS Dept. of State on 6/18/15. Office location: Dr., Ste. 101, Dover, DE 19904. Arts of the LLC, 3 Columbus Circle, 23rd tion requires a bachelor’s degree or s&2%%0)#+50$%,)6%29 NY County. Princ. bus. addr.: 1001 Org. filed with the DE Secy. of State, Floor, New York, New York 10019. equivalent in Jewelry, Jewelry Arts, Pennsylvania Ave. NW, Washington, DC 401 Federal St., Dover, DE 19901. Purpose: For any lawful purpose. s(/52452.!2/5.$ 20004. LLC formed in DE on 5/14/15. Jewelry Design or related field and two (2) /.2%0!)23 Purpose: any lawful activities. years of experience in jewelry design or a NY Sec. of State designated agent of Notice of Qualification of BHRAC-AC s&2%%%.'2!6).' related occupation. The required two LLC upon whom process against it RP Public Relations, LLC Art of Org LLC. Authority filed with Secy. of State years of experience must include two s3(/24,/.'4%2- may be served and shall mail process filed with Secretary of State of New of NY (SSNY) on 05/04/15. Office 2%.4!,3 (2) years of experience, which may be to: c/o CT Corporation System, 111 York (SSNY) on March 9, 2015. location: NY County. LLC formed in concurrent, with each of the following: 8th Ave., NY, NY 10011, regd. agent Office location: New York County. Nevada (NV) on 04/21/15. SSNY des- (1) Simultaneous development and cre- upon whom process may be served. SSNY is designated as agent of LLC ignated as agent of LLC upon whom ation of appropriate jewelry products DE addr. of LLC: c/o The Corporation upon whom process against it may process against it may be served. SSNY for multiple mass market clients that Trust Co., 1209 Orange St., Wilmington, be served. The registered agent of shall mail process to: c/o CT Corporation come within targeted price-points while DE 19801. Cert. of Form. filed with DE the company upon whom and at System, 111 Eighth Ave., NY, NY 10011, adhering to deadlines; (2) Developing Sec. of State, 401 Federal St., Dover, which process against the company also the registered agent. Address to and proposing jewelry products for the DE 19901. Purpose: all lawful purposes. can be served is United States be maintained in NV: 3566 Polaris St., mass market based on sales data, cur- Corporation Agents, INC. 7014 13th Las Vegas, NV 89103. Arts of Org. filed rent trends and targeted internal cost of PUBLIC & NOTICE OF FORMATION of SOUVE- Avenue, Suite 202 Brooklyn, NY 11228. with the NV Secy. of State, 101 N. goods; (3) Utilizing strong design aes- NARIUM LLC. Arts of Org filed with Secy. Carson St., Ste. 3, Carson City, NV thetic to create trend right products for LEGAL NOTICES of State of NY (SSNY) on 6/29/15. Office Notice of Qualification of 250 WATER 89701. Purpose: any lawful activities. volume retailers; (4) Creating technical location: NY County. SSNY designated MANAGER, LLC Appl. for Auth. filed renderings for jewelry within trend and Notice of Formation of HMA Advisors, agent upon whom process may be with Secy. of State of NY (SSNY) on Notice of Qualification of BROOKFIELD pricing parameters; and (5) Working LLC. Arts. of Org. filed with NY Dept. of served and shall mail copy of process 07/01/15. Office location: NY County. GLOBAL INTEGRATED SOLUTIONS directly with model makers in Asian fac- State on 6/12/15. Office location: NY against LLC to principal business LLC formed in Delaware (DE) on US LLC Appl. for Auth. filed with Secy. tories. Must be able to engage in travel County. Sec. of State designated agent address: 395 Broadway, 14C, New York, 06/29/15. SSNY designated as agent of of State of NY (SSNY) on 06/05/15. domestically or internationally on busi- of LLC upon whom process against it NY 10013. Purpose: any lawful act. LLC upon whom process against it may Office location: NY County. LLC formed ness trips up to 3 times per year with may be served and shall mail process be served. SSNY shall mail process to in Delaware (DE) on 04/01/15. SSNY each trip expected to be 1-10 days. All to: 1133 Ave. of the Americas, Suite Notice of Qualification of 220 CPS 41 c/o Megalith Capital Management LLC, designated as agent of LLC upon whom experience may have been gained con- 2810, NY, NY 10036, principal business LLC Appl. for Auth. filed with Secy. of One Grand Central Pl., 60 E. 42nd St., Ste. process against it may be served. SSNY currently. Please send resume and address. Purpose: all lawful purposes. State of NY (SSNY) on 07/03/15. Office 3100, NY, NY 10065. DE addr. of LLC: c/o shall mail process to c/o Corporation salary requirements to: location: NY County. LLC formed in Corporation Service Co., 2711 Centerville Service Co. (CSC), 80 State St., Albany, [email protected]. No phone calls Notice of Qual. of 196 Orchard Mezz Delaware (DE) on 05/27/15. SSNY Rd., Ste. 400, Wilmington, DE 19808. NY 12207-2543. DE addr. of LLC: c/o Cert. of Form. filed with Jeffrey W. please. EOE. Funding LLC, Auth. filed Sec’y of State designated as agent of LLC upon whom CSC, 2711 Centerville Rd., Ste. 400, (SSNY) 3/20/15. Office loc: NY County. process against it may be served. SSNY Bullock, DE Secy. of State, Townsend Wilmington, DE 19808. Cert. of Form. LLC org. in DE 3/12/15. SSNY desig. shall mail process to Corporation Bldg., 401 Federal St., Ste. 3, Dover, filed with DE Secy. of State, John G. FINANCIAL as agent of LLC upon whom proc. Service Co. (CSC), 80 State St., Albany, DE 19901. Purpose: Any lawful activity. Townsend Bldg., 401 Federal St., Ste. OPPORTUNITIES IN against it may be served. SSNY shall NY 12207. DE addr. of LLC: c/o CSC, 4, Dover, DE 19901. Purpose: Any mail copy of proc. to NRAI, 111 Eighth 2711 Centerville Rd., Ste. 400, Notice of Qualification of 71-34 AUSTIN lawful activity. MORTGAGE NOTES Ave., NY, NY 10011, the Reg. Agt. upon Wilmington, DE 19808. Cert. of Form. STREET RETAIL LLC Appl. for Auth. filed whom proc. may be served. DE office filed with Secy. of State of DE, Secy. with Secy. of State of NY (SSNY) on Notice of Qualification of LT GARDEN • Mortgages For Sale addr.: 160 Greentree Dr., Ste. 101, of State - Div. of Corps., 401 Federal 06/15/15. Office location: NY County. CITY LLC Appl. for Auth. filed with Secy. Dover, DE 19904. Cert. of Form. on St., Ste. 4, Dover, DE 19901. Purpose: LLC formed in Delaware (DE) on of State of NY (SSNY) on 06/23/15. • Ranging from $149K - $800K file: SSDE, Townsend Bldg., Dover, Any lawful activity. 06/15/15. Princ. office of LLC: c/o Office location: NY County. LLC formed in • Low Loan to Value DE 19901. Purp: any lawful activities. CORIGIN, Attn: Spencer Romoff, 505 Delaware (DE) on 06/15/15. Princ. office Notice of Qualification of Granite 230 Fifth Ave., NY, NY 10017. SSNY designated of LLC: Theresa Gladstein, Saks Fifth • Accruing Default Interest @ 24% Garage LLC. Authority filed with NY Dept. as agent of LLC upon whom process Avenue, 12 E. 49th St., NY, NY 10017. NOTICE OF FORMATION OF THE of State on 6/2/15. Office location: NY against it may be served. SSNY shall mail SSNY designated as agent of LLC upon Call: J. Hughis @ 888-377-3872 CHORIPAN LLC. Articles of County. Princ. bus. addr.: 214 W. 39th process to the LLC at the addr. of its princ. whom process against it may be served. Organization filed with the Secretary St., Ste. 1200, NY, NY 10018. LLC formed office. DE addr. of LLC: c/o Corporation SSNY shall mail process to the LLC of State of NY (SSNY) on 2/27/2015. in DE on 3/31/15. NY Sec. of State Service Co., 2711 Centerville Rd., Ste. 400, at the addr. of its princ. office. DE POSTION AVAILABLE Office location: NEW YORK County. designated agent of LLC upon whom Wilmington, DE 19808. Cert. of Form. addr. of LLC: 2711 Centerville Rd., Ste. SSNY has been designated as agent process against it may be served and filed with Secy. of the State of DE, Corp. 410, Wilmington, DE 19808. Cert. of upon whom process against it may shall mail process to: c/o CT Corporation Dept., Loockerman & Federal Sts., Dover, Form. filed with Jeffrey W. Bullock, Surveyor, CME Associate (Citadel be served. The Post Office address System, 111 8th Ave., NY, NY 10011, DE 19901. Purpose: Any lawful activity. DE Secy. of State, John G. Townsend LLC - New York, NY) Provide supprt to to which the SSNY shall mail a copy regd. agent upon whom process may Bldg., 401 Federal St., Ste. 4, Dover, Sr Analysts w/ coverage & primary of any process against the LLC be served. DE addr. of LLC: The Corporation Notice of Qualification of LT PALISADES DE 19901. Purpose: Any lawful activity. rsrch. F/T. Reqs Bach’s degr (or forgn served upon him/her is: 100 MER- Trust Co., 1209 Orange St., Wilmington, equiv) in Finan or rel fld & 3 yrs exp in RICK ROAD, STE320E ROCKVILLE LEASEHOLD LLC Appl. for Auth. filed DE 19801. Cert. of Form. filed with DE with Secy. of State of NY (SSNY) on Notice of Qualification of Granite 1717 job offered or cover’g the tech, con- CENTRE, NY 11570 The principal Sec. of State, 401 Federal St., Dover, DE 06/23/15. Office location: NY County. Retail 5 LLC. Authority filed with NY Dept. sumer or communications, media & business address of the LLC is: 214 19901. Purpose: all lawful purposes. RIVERSIDE DRIVE APT602 NEW LLC formed in Delaware (DE) on 06/15/15. of State on 6/2/15. Office location: NY entertainment sector from w/in an Princ. office of LLC: Theresa Gladstein, County. Princ. bus. addr.: 214 W. 39th YORK, NY 10025. Purpose: any law- Notice of Formation of 337W36 LLC invstmnt bank’g, pvt equity or sell side Saks Fifth Avenue, 12 E. 49th St., NY, St., Ste. 1200, NY, NY 10018. LLC formed ful act or activity. Arts. of Org. filed with Secy. of State rsrch environ. 2 yrs of stated exp must NY 10017. SSNY designated as agent in DE on 1/22/15. NY Sec. of State of NY (SSNY) on 06/16/15. Office incl the follw’g: analyz’g & forecast’g of LLC upon whom process against it designated agent of LLC upon whom location: NY County. SSNY designated acct’g & financl stmnts; analyz’g public Notice of Formation of 220 RSB 10MN, may be served. SSNY shall mail process process against it may be served and shall as agent of LLC upon whom process mrkts, incl’g actively follw’g mrkt activi- L.L.C. Arts. of Org. filed with NY Dept. to the LLC at the addr. of its princ. office. mail process to: c/o CT Corporation against it may be served. SSNY shall ty; bld’g out Excel mdls to properly of State on 6/29/15. Office location: NY DE addr. of LLC: 2711 Centerville Rd., System, 111 8th Ave., NY, NY 10011, mail process to Peter Serpico, 213 W. assess historical & projected financl County. Sec. of State designated agent Ste. 410, Wilmington, DE 19808. Cert. regd. agent upon whom process may 35th St., 7th Fl., NY, NY 10001. Purpose: prfrmance, incl’g driv’g add’l value add of LLC upon whom process against it of Form. filed with Jeffrey W. Bullock, be served. DE addr. of LLC: The Corporation Any lawful activity. analysis w/ valuation, DCF, & LBO may be served and shall mail process DE Secy. of State, John G. Townsend Trust Co., 1209 Orange St., Wilmington, mdl’g; & efficiently bld’g, assess’g, & to: P.O. Box 1226, NY, NY 10150. DE 19801. Cert. of Form. filed with DE NOTICE OF FORMATION OF 40 X Bldg., 401 Federal St., Ste. 4, Dover, DE Purpose: all lawful purposes. Sec. of State, 401 Federal St., Dover, manipulat’g mdls & communicat’g them MANAGER LLC. Arts of Org filed with 19901. Purpose: Any lawful activity. DE 19901. Purpose: all lawful purposes. to internal mgmt & cross-functnl stake- Secy of State of NY (SSNY) on 7/1/15. holders. Exp may be gained concur- Notice of Qualification of 2255 Broadway Office location: NY County. SSNY Notice of Qualification of LT MANHASSET rently. Resumes: ER/LW, Attn: R-0234, Property Owner, L.L.C. Authority filed designated agent upon whom LLC Appl. for Auth. filed with Secy. of Notice of Qualification of Summer Citadel LLC, 131 S. Dearborn St, 32nd with NY Dept. of State on 6/18/15. Office process may be served and shall mail State of NY (SSNY) on 06/23/15. Office Atlantic, LLC. Authority filed with NY Fl, Chicago, IL 60603. location: NY County. Princ. bus. addr.: copy of process against LLC to principal location: NY County. LLC formed in Dept. of State on 6/10/15. Office location: 1001 Pennsylvania Ave. NW, Washington, business address: 66 Pearl St. Ste 405, Delaware (DE) on 06/15/15. Princ. office NY County. Princ. bus. addr.: 600 DC 20004. LLC formed in DE on 5/7/15. NY NY 10004. Purpose: any lawful act. of LLC: Theresa Gladstein, Saks Fifth Atlantic Ave., Boston, MA 02210. LLC PUBLIC & LEGAL NOTICES NY Sec. of State designated agent of Avenue, 12 E. 49th St., NY, NY 10017. formed in DE on 5/28/15. NY Sec. of LLC upon whom process against it may Notice of Formation of SPG Bedford SSNY designated as agent of LLC upon State designated agent of LLC upon Notice of Formation of EAST SIDE be served and shall mail process to: c/o Courts LLC. Arts. of Org. filed with whom process against it may be served. whom process against it may be served HOMESTEAD LLC Arts. of Org. filed CT Corporation System, 111 8th Ave., Secy. of State of NY (SSNY) on 05/11/15. SSNY shall mail process to the LLC at and shall mail process to: c/o CT with Secy. of State of NY (SSNY) on NY, NY 10011, regd. agent upon whom Office location: NY County. SSNY the addr. of its princ. office. DE addr. of Corporation System, 111 8th Ave., NY, 05/29/15. Office location: NY County. process may be served. DE addr. of LLC: designated as agent of LLC upon whom LLC: 2711 Centerville Rd., Ste. 410, NY 10011, regd. agent upon whom SSNY designated as agent of LLC upon c/o The Corporation Trust Co., 1209 process against it may be served. SSNY Wilmington, DE 19808. Cert. of Form. process may be served. DE addr. of whom process against it may be served. Orange St., Wilmington, DE 19801. Cert. shall mail process to: The LLC, c/o Slate filed with Jeffrey W. Bullock, DE Secy. LLC: 1209 Orange St., Wilmington, DE SSNY shall mail process to Corporation of Form. filed with DE Sec. of State, 401 Property Group LLC, 850 Third Ave., of State, John G. Townsend Bldg., 401 19801. Cert. of Form. filed with DE Sec. Service Co., 80 State St., Albany, NY Federal St., Dover, DE 19901. Purpose: Ste. 16-B, NY, NY 10022, Attn: Martin Federal St., Ste. 4, Dover, DE 19901. of State, 401 Federal St., Dover, DE 12207. Purpose: Any lawful activity. all lawful purposes. Nussbaum. Purpose: any lawful activities. Purpose: Any lawful activity. 19901. Purpose: all lawful purposes.

16 | Crain’s New York Business | July 13, 2015 P016-P017CL_CN_20150713.qxp 7/9/2015 2:14 PM Page 17

TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR EMAIL [email protected] PUBLIC & LEGAL NOTICES

Notice of Qualification of EML Family Notice of Qualification of Biosphere Notice of Qualification of Elah Capital Notice of Formation of Corporate Art MILLS MARTINDALE, LLC Articles of Investments LLC. Authority filed with Fuels, LLC. Authority filed with NY Dept. Management LLC. Authority filed with Solutions, LLC. Arts. of Org. filed with Org. filed NY Sec. of State (SSNY) NY Dept. of State on 5/21/15. Office of State on 5/28/15. Office location: NY NY Dept. of State on 3/16/15. Office NY Dept. of State on 7/14/09. Office 05/12/2015. Office in NY Co. SSNY location: NY County. Princ. bus. addr.: County. Princ. bus. addr.: 10601 N. location: NY County. Princ. bus. addr.: location: NY County. Princ. bus. addr.: desig. agent of LLC upon whom process 135 E. 57th St., NY, NY 10022. LLC Pennsylvania Ave., Oklahoma City, OK 888 7th Ave., 6th Fl., NY, NY 10019. 61 W. 9th St., NY, NY 10011. Sec. of may be served. SSNY shall mail formed in DE on 5/4/15. NY Sec. of 73126. LLC formed in OK on 5/5/14. NY LLC formed in DE on 1/21/15. NY Sec. State designated agent of LLC upon copy of process to c/o Mills Martindale, State designated agent of LLC upon Sec. of State designated agent of LLC of State designated agent of LLC upon whom process against it may be served LLC, 7 W. 96th St. #7E, NY, NY 10025, whom process against it may be served upon whom process against it may be whom process against it may be served and shall mail process to: c/o Alexander which is also the principal business and shall mail process to: c/o CT served and shall mail process to: c/o and shall mail process to: 3 Flower Glauber, 135 W. 15th St., Apt. 3R, NY, location. Purpose: Any lawful purpose. Corporation System, 111 8th Ave., NY, CT Corporation System, 111 8th Ave., Farm Lane, Westport, CT 06880. DE NY 10011, regd. agent upon whom NY 10011, regd. agent upon whom NY, NY 10011, regd. agent upon whom addr. of LLC: 615 S. DuPont Hwy., Dover, process may be served. Purpose: all Notice of formation of Reinus Sena process may be served. DE addr. of LLC: process may be served. OK addr. of DE 19901. Cert. of Form. filed with DE lawful purposes. Holdings, LLC. Arts. of Org. filed with 1209 Orange St., Wilmington, DE 19801. LLC: 1833 S. Morgan Rd., Oklahoma Sec. of State, 401 Federal St., Dover, Secy. of State of NY (SSNY) on 5/27/2015. Cert. of Form. filed with DE Sec. of City, OK 73128. Cert. of Org. filed with DE 19901. Purpose: any lawful activity. MCDW ARCHITECTURE, P.L.L.C. Office location: NY County. SSNY State, 401 Federal St., Dover, DE OK Sec. of State, 2300 N. Lincoln Blvd., Articles of Org. filed NY Sec. of State designated agent upon whom process 19901. Purpose: all lawful purposes. Oklahoma City, OK 73105. Purpose: Notice of Formation of 209 7th Debt LLC, (SSNY) 5/1/15. Office in NY Co. SSNY may be served and shall mail copy of all lawful purposes. Art. of Org. filed with Sec’y of State (SSNY) desig. agent of LLC upon whom process process against LLC to principle business Notice of Qualification of 144-150 West on 3/11/15. Office location: NY County. may be served. SSNY shall mail copy address: 182 East 95th St. Apt. 9J, New of process to 530 E. 84th St., Apt. 5S, 34th Street EAT LLC. Authority filed with Notice of Formation of MYNT 1792, LLC SSNY designated as agent of LLC upon York, NY 10128. Purpose: any lawful act. NY, NY 10028, which is also the principal NY Dept. of State on 5/15/15. Office Arts. of Org. filed with Secy. of State of whom process against it may be served. business location. Purpose: To practice location: NY County. Princ. bus. addr.: NY (SSNY) on 06/03/15. Office location: SSNY shall mail copy of process to Architecture. Notice of formation of 2Brides2Be LLC. 210 Route 4 East, Paramus, NJ 07652. NY County. SSNY designated as agent Bluestone Group, 225 Broadway, NY, Arts of Org filed with Secy. of State of LLC formed in DE on 5/14/15. NY Sec. of LLC upon whom process against it NY 10007. Purpose: any lawful activities. NY (SSNY) on 3/26/15. Office location: NOTICE OF FORMATION OF 40 X of State designated agent of LLC upon may be served. SSNY shall mail process NY County. SSNY designated agent HOLDING LLC. Arts of Org filed with whom process against it may be served to Daniel I. Goldberg, 292 Madison Ave., NY, NOTICE OF FORMATION OF BINDELA upon whom process may be served and Secy of State of NY (SSNY) on 6/2/15. and shall mail process to: c/o CT NY 10017. Purpose: Any lawful activity. CONSTRUCTION II, LLC. Articles of shall mail copy of process against LLC Office location: NY County. SSNY Corporation System, 111 8th Ave., NY, NY Organization filed with the Secretary to principal business address: 404 East designated agent upon whom process 10011, regd. agent upon whom process of State of NY (SSNY) on 08/15/2012. 79th Street 6B New York NY 10075. HC SUFFOLK LLC, Arts. of Org. filed may be served and shall mail copy of may be served. DE addr. of LLC: 1209 Office location: Bronx County. SSNY Purpose: any lawful act. Orange St., Wilmington, DE 19801. Cert. of with the SSNY on 06/18/2015. Office has been designated as agent upon process against LLC to principal Form. filed with DE Sec. of State, 401 Federal loc: NY County. SSNY has been des- whom process against it may be served. business address: 66 Pearl St. Ste 405, ignated as agent upon whom process NY NY 10004. Purpose: any lawful act. Notice of Formation of TOTEME St., Dover, DE 19901. Purpose: any The Post Office address to which the HOLDING LLC Arts. of Org. filed with lawful activity. against the LLC may be served. SSNY SSNY shall mail a copy of any process shall mail process to: Todd Feuerstein, Notice of Qualification of Energizer, LLC. Secy. of State of NY (SSNY) on 06/15/15. against the LLC served upon him/her Office location: NY County. SSNY 817 Broadway 5th Fl, NY, NY 10003. is: C/O Sabaj Law, P.C. 26 Court Authority filed with NY Dept. of State Notice of Qualification of MODA YOGA, Purpose: Any Lawful Purpose. designated as agent of LLC upon LLC Appl. for Auth. filed with Secy. of Street, Suite 2003 Brooklyn, NY on 5/14/15. Office location: NY County. Princ. bus. addr.: 533 Maryville whom process against it may be State of NY (SSNY) on 06/16/15. Office 11242. Purpose: Any Lawful Purpose. served. SSNY shall mail process to location: NY County. LLC formed in Notice of Formation Wellness Physical University Dr., St. Louis, MO 63141. LLC formed in DE on 3/9/15. NY Sec. of the LLC, 180 Varick St., Ste. 408, NY, Delaware (DE) on 01/05/15. Princ. office of Therapy Rehabilitation P.L.L.C. Arts. of PITKIN ESTATES LLC Articles of Org. NY 10014. Purpose: Any lawful activity. LLC: 1298 Madison Ave., Second Fl., NY, Org. filed with SSNY 2/6/15. Off. Loc.: filed NY Sec. of State (SSNY) 3/27/15. State designated agent of LLC upon New York County. SSNY designated as whom process against it may be served NY 10128. SSNY designated as agent Office in NY Co. SSNY desig. agent of NOTICE OF FORMATION OF MONNA agent of LLC whom process may be and shall mail process to: c/o CT of LLC upon whom process against it LLC upon whom process may be served. LISSA, LLC. Articles of Organization served. SSNY shall mail process to: c/o Corporation System, 111 8th Ave., NY, may be served. SSNY shall mail process SSNY shall mail copy of process to filed with the Secretary of State of Milena Reyes, P.O. Box 177, New York, NY 10011, regd. agent upon whom to the LLC at the princ. office of the Erol H. Bugdaykay, 267 E. 10th St., NY (SSNY) on 06/19/2014. Office NY 10028. Purpose: all lawful activities. process may be served. DE addr. of LLC: LLC. DE addr. of LLC: 2711 Centerville Apt#3, NY, NY 10009, which is also location: Bronx County. SSNY has Rd., Ste. 400, Wilmington, DE 19808. the principal business location. 1209 Orange St., Wilmington, DE 19801. Cert. of Form. filed with DE Sec. been designated as agent upon whom Cert. of Form. filed with DE Secy. of Notice of Qualification of CHARLES Purpose: Any lawful purpose. process against it may be served. State, 401 Federal St., Ste. 4, Dover, of State, 401 Federal St., Dover, DE DEAN, LLC Appl. for Auth. filed with 19901. Purpose: all lawful purposes. The Post Office address to which the DE 19901. Purpose: Any lawful activity. Secy. of State of NY (SSNY) on 05/27/15. Notice of Formation of Elyse Goldberg SSNY shall mail a copy of any process Office location: NY County. LLC formed Art Advisory, LLC. Arts. of Org. filed with against the LLC served upon him/her Notice of Formation of XALBER, LLC. in Delaware (DE) on 08/01/14. Princ. Secy. of State of NY (SSNY) on 5/28/15. is: C/O Sabaj Law, P.C. 26 Court STIM PRO, LLP Notice of Reg. Filed Arts. of Org. filed with NY Dept. of State office of LLC: 150 W. 56th St., Apt. Office location: NY County. SSNY Street, Suite 2003 New York, NY 11242. with NY Sec. of State (SSNY) 5/7/2014. on 5/28/15. Office location: NY County. 4709, NY, NY 10019. SSNY designated designated as agent of LLC upon whom Purpose: Any Lawful Purpose. Office in NY County. SSNY is designated Sec. of State designated agent of LLC agent of LLP upon whom process may as agent of LLC upon whom process process against it may be served. SSNY shall mail process to: 37 W. 89th St., NY, upon whom process against it may be be served. SSNY shall mail copy of against it may be served. SSNY shall Notice of Qual. of 196 Orchard Funding mail process to Dean Bakes, at the NY 10001. Purpose: any lawful activity. served and shall mail process to the process to 65 Bank St., Ste. A, NY, principal business address: c/o Salon LLC, Auth. filed Sec’y of State (SSNY) NY 10014, also the principal business princ. office of the LLC. DE addr. of LLC 3/19/15. Office loc: NY County. LLC org. and Cert. of Form. filed with: U.S. Corp. Marrow Dyckman Newman & Broudy location. Purpose: To practice Law. Notice of Formation of Rockaway Ave LLP, 292 Madison Ave., 6th Fl., NY, NY in DE 3/6/15. SSNY desig. as agent of Agents, Inc., 1521 Concord Pike, Ste. LLC upon whom proc. against it may 301, Wilmington, DE 19803. As Canarsie Storage LLC. Arts. of Org. filed 10017, Attn: Stuart Newman, Esq. Notice of Formation of HAMMY FEA- with Secy. of State of NY (SSNY) on Purpose: any lawful activity. be served. SSNY shall mail copy of proc. amended by Cert. of Correction filed to NRAI, 111 Eighth Ave., NY, NY 10011, TURES LLC Arts. of Org. filed with with SSNY on 06/19/15, Cert. of Form. 03/11/14. Office location: NY County. Secy. of State of NY (SSNY) on SSNY designated as agent of LLC upon NOTICE: Art. of Organiz. of MONTIE the Reg. Agt. upon whom proc. may filed with DE Secy. of State, Div. of be served. DE office addr.: 160 02/18/10. Office location: NY County. Corps., John G. Townsend Bldg., 401 whom process against it may be served. MILLS MEEHAN, PH.D., PSYCHOLOGIST Princ. office of LLC: Elizabeth Van SSNY shall mail process to: 135 PLLC filed 6/2/15 w/ NY Sec. of State Greentree Dr., Ste. 101, Dover, DE Federal St., Ste. 4, Dover, DE 19901. 19904. Cert. of Form. on file: SSDE, Meter, 340 Haven Ave., #4S, NY, NY Purpose: Any lawful activity. Wooster St., 3rd Fl., NY, NY 10014, ("SOS"). PLLC’s office in NY County. 10033-5365. SSNY designated as agent Attn: Adam I. Gordon. Purpose: any Street address of PLLC is 39 Broadway, Townsend Bldg., Dover, DE 19901. of LLC upon whom process against lawful activities. Suite 3600, NY, NY 10006. SOS is Purp: any lawful activities. it may be served. SSNY shall mail Notice of Qualification of Granite 1717 designated agent of PLLC for service process to the LLC at the addr. of its Sign LLC. Authority filed with NY Dept. Notice of Qualification of Elmrox GP LLC. of process. SOS to mail copy of any Notice of Qual. of 184 Kent Mezz princ. office. Purpose: Any lawful activity. of State on 6/2/15. Office location: NY Authority filed with NY Dept. of State process against PLLC to Richard J. Miller, Funding LLC, Auth. filed Sec’y of State County. Princ. bus. addr.: 214 W. 39th on 5/12/15. Office location: NY County. Jr., Esq., Morris & McVeigh LLP, 767 (SSNY) 3/26/15. Office loc: NY County. St., Ste. 1200, NY, NY 10018. LLC formed LLC formed in DE on 10/1/14. NY Sec. Third Ave., New York, NY 10017 within LLC org. in DE 3/17/15. SSNY desig. Notice of Qualification of HMG B in DE on 1/22/15. NY Sec. of State of State designated agent of LLC upon or without NY State. No regis. agent. as agent of LLC upon whom proc. Investors LLC Appl. for Auth. filed with designated agent of LLC upon whom whom process against it may be served PLLC managed by 1 or more mem- against it may be served. SSNY shall Secy. of State of NY (SSNY) on 04/10/15. process against it may be served and shall and shall mail process to: 660 Madison bers. Purpose: any lawful act/activity mail copy of proc. to NRAI, 111 Eighth Office location: NY County. LLC mail process to: c/o CT Corporation Ave., 12th Fl., NY, NY 10065, principal which PLLCs may be organized. Ave., NY, NY 10011, the Reg. Agt. upon formed in Delaware (DE) on 04/29/14. System, 111 8th Ave., NY, NY 10011, regd. business address. DE address of LLC: whom proc. may be served. DE office SSNY designated as agent of LLC upon agent upon whom process may be served. c/o The Corporation Trust Co., 1209 BIGULI, LLC Articles of Org. filed NY addr.: 160 Greentree Dr., Ste. 101, Dover, whom process against it may be served. DE addr. of LLC: The Corporation Trust Orange St., Wilmington, DE 19801. Cert. DE 19904. Cert. of Form. on file: SSDE, SSNY shall mail process to the DE addr. Sec. of State (SSNY) 04/28/2015. Office Co., 1209 Orange St., Wilmington, DE of Form. filed with DE Sec. of State, in NY Co. SSNY desig. agent of LLC Townsend Bldg., Dover, DE 19901. Purp: of the LLC: c/o Capital Services, Inc., 19801. Cert. of Form. filed with DE P.O. Box 898, Dover, DE 19903. any lawful activities 1675 S. State St., Ste. B, Dover, DE upon whom process may be served. Sec. of State, 401 Federal St., Dover, Purpose: all lawful purposes SSNY shall mail copy of process to 401 19901. Cert. of Form. filed with Secy. DE 19901. Purpose: all lawful purposes. of State, 401 Federal St., Ste. 4, Dover, E. 64th St., Apt, 3B, NY, NY 10065. Notice of Qualification of DUCERA DE 19901. Purpose: Any lawful activity. Notice of Qualification of DUCERA LLC Purpose: Any lawful purpose. SECURITIES LLC Appl. for Auth. filed Notice of Qualification of Granite 230 Appl. for Auth. filed with Secy. of State with Secy. of State of NY (SSNY) on Residential LLC. Authority filed with NY of NY (SSNY) on 05/22/15. Office Notice of Qualification of Domani Studios, 05/22/15. Office location: NY County. Notice of Qualification of HMG Dept. of State on 6/1/15. Office location: location: NY County. LLC formed in LLC. Authority filed with NY Dept. of State LLC formed in Delaware (DE) on Development LLC Appl. for Auth. filed NY County. Princ. bus. addr.: 214 W. 39th Delaware (DE) on 05/18/15. Princ. office on 6/18/15. Office location: NY County. 05/18/15. Princ. office of LLC: 499 Park with Secy. of State of NY (SSNY) on St., Ste. 1200, NY, NY 10018. LLC formed of LLC: 499 Park Ave., NY, NY 10022. Princ. bus. addr.: 45 Main St., #206, Ave., NY, NY 10022. SSNY designated 04/10/15. Office location: NY County. in DE on 3/31/15. NY Sec. of State SSNY designated as agent of LLC upon Brooklyn, NY 11201. LLC formed in DE as agent of LLC upon whom process LLC formed in Delaware (DE) on designated agent of LLC upon whom whom process against it may be served. on 4/24/15. NY Sec. of State designated against it may be served. SSNY shall 04/29/14. SSNY designated as agent process against it may be served and SSNY shall mail process to c/o agent of LLC upon whom process against mail process to c/o Corporation Service of LLC upon whom process against it shall mail process to: c/o CT Corporation Corporation Service Co. (CSC), 80 it may be served and shall mail process Co. (CSC), 80 State St., Albany, NY may be served. SSNY shall mail process System, 111 8th Ave., NY, NY 10011, State St., Albany, NY 12207. DE addr. to: c/o CT Corporation System, 111 8th 12207. DE addr. of LLC: c/o CSC, 2711 to the DE addr. of the LLC: c/o Capital regd. agent upon whom process may be of LLC: c/o CSC, 2711 Centerville Rd., Ave., NY, NY 10011, regd. agent upon Centerville Rd., Wilmington, DE 19808. Services, Inc., 1675 S. State St., Ste. served. DE addr. of LLC: The Corporation Wilmington, DE 19808. Cert. of Form. whom process may be served. DE addr. Cert. of Form. filed with Secy. of State, B, Dover, DE 19901. Cert. of Form. filed Trust Co., 1209 Orange St., Wilmington, filed with Secy. of State, DE Dept. of of LLC: 1209 Orange St., Wilmington, DE DE Dept. of State, Div. of Corps., PO with Secy. of State, 401 Federal St., Ste. DE 19801. Cert. of Form. filed with DE State, Div. of Corps., PO Box 898, Dover, 19801. Cert. of Form. filed with DE Sec. Box 898, Dover, DE 19903. Purpose: 4, Dover, DE 19901. Purpose: Any Sec. of State, 401 Federal St., Dover, DE 19903. Purpose: Provide consulting of State, 401 Federal St., Dover, DE Provide consulting services related to lawful activity. DE 19901. Purpose: all lawful purposes. services related to investment banking. 19901. Purpose: all lawful purposes. investment banking.

July 13, 2015 | Crain’s New York Business | 17 20150713-NEWS--0018-NAT-CCI-CN_-- 7/10/2015 6:44 PM Page 1

CALL HIM NOAH: Cliff Bollmann designed the square-foot cargo terminal in the re- Ark knowing that owners would want a luxury stay cesses of JFK into a top-notch ani- for their beloved pets. Inside the Ark at JFK mal shelter and quarantine, they plan to make money by charging owners Continued from Page 1 ment Corp. and the Port Authority just as a hotel would. In addition to giving temporary of New York and New Jersey de- And a hotel is what Mr.Bollmann shelter to furry and feathered scribed management at the VetPort and his team of six architects and six friends in transit, the Ark is de- as “poor” and said the facility “suf- engineers are in many ways building, signed to house dozens of horses, as fered from a location that insulated paying meticulous attention to the well as up to 180 head of cattle that it from the traveling public for whom guests’ varying needs. In some ways, are capable of producing 5,000 a large portion of its revenue … was animals will be better treated than pounds of poop every day. targeted.” many human passengers at JFK. Failure to efficiently dispose of The VetPort looks even worse The horse area, for example, will this formidable load could lend an compared with luxurious animal ac- resemble a luxury barn, with more unacceptable stink to a project commodations near other transit than 70 stalls, soft floors that don’t designed to attract the sort of high- hubs. Less than 10 minutes from irritate hooves and a walking track. end clients who transport their Amsterdam’s Schiphol Airport, for Penguins, on the other hand, need Pomeranian pooch or Persian example, is the Amstel Horsehotel. cold quarters,and perhaps some pri- pussycat to far-flung locales. So Mr. Equine guests there can take a show- vacy, because Mr. Bollmann has

Bollmann and his colleagues at ar- er and munch on hay in a serene set- learned “they need to mate all the buck ennis chitecture firm Gensler have come ting before trotting onto a plane. time.” up with an ingenious plan:Angle the Another problem for animals Canine guests, meanwhile, will air every year, according to the U.S. pand that business simply because the cattle-pen floor just enough so that entering the country via JFK: Many reside at a 20,000-square-foot “re- Department of Transportation. dollars involved are much bigger than manure slides away into a receptacle must be trucked two hours north, to sort”called Paradise 4 Paws that will Private operators run horse- what can be had from animal ground below.They call it the “poo chute.” a federal quarantine facility in New- feature bone-shaped splashing quarantine centers near airports in transportation. “Way too much thought has burgh. The Ark would provide its pools,massage therapy and spa serv- Chicago, Los Angeles, Miami and For example,it might cost $1,000 gone into this,” said Mr. Bollmann own federally supervised quaran- ices like “pawdicures with colored San Juan, but the Ark represents, in to book a dog on a flight to London, with a sigh. “There have been a lot tine, sparing the animals and their nail pawlish,” said Paradise 4 Paws’ Mr. Cuticelli’s words, a “new para- but on top of that it costs about $200 of five-hour meetings.” owners the time and expense of a “chief barketing officer,” Johanna digm” for animal transport because for a crate and $600 for vet visits and Getting details like the poo chute second trip. “It’s definitely going to Newcomb.Felines will have the Cat it aims to accommodate everything certifications. Add in airport fees right is vital for Mr.Bollmann and the make for safer, more efficient han- Adventure Jungle to stretch their from antelopes to zebras. “If you and driver commissions, and the tab private developers who are investing dling,” said Bill Nichols, president legs on custom-made climbing trees move animals or animals move you, can easily rise to $2,500, Mr. Lang $48 million to build the Ark, which of the Alex Nichols Agency, a Long with a view of the aquarium. the Ark at JFK will handle it,” Mr. said. Shipping experts say it costs up began construction in May and is set Island-based horse-transport firm. How much will such pampering Perl explained. to $10,000 to send a horse overseas. to open next year.The stakes are also cost? Entry-level accommodation “I think the animal terminal will high for JFK,New York’s global gate- ‘A new paradigm’ for dogs costs $50 per night at oth- ‘Crazy money’ be a big success because there’s def- way, whose primary facility for han- The Ark is the brainchild of devel- er resorts run by Paradise 4 Paws,for David Lang hasn’t handled any initely a market for this sort of place dling animals dates back to the Eisen- opers John Cuticelli and Aaron Perl instance.The Port Authority antici- antelopes or zebras, but he has in New York,” Mr. Lang said. hower administration. of Racebrook Capital, who specialize pates collecting about $5 million in moved most everything else as To entice jet-setters who might The Ark will replace a facility in reviving distressed hotels and con- annual rent over the 27-year lease. founder of Pet Chauffeur, a otherwise fly their pets out of Teter- called the VetPort, a 10,000-square- dos. The pair saw serious profit po- Such numbers don’t seem out- Brooklyn-based firm that transports boro in private planes,the Ark plans foot kennel that has been around tential in the opportunity to replace sized, given that animal travel is a animals to places near and far. In to offer pet accommodations that since the 1950s.A 2013 report by the VetPort. By transforming an aban- fast-growing business in a city mid-June,a Scarsdale family moving most owners would find plenty New York City Economic Develop- doned, more accessible 178,000- where residents spend ever-higher to Colorado had to leave their turtle comfortable. For instance, the facil- sums on their pets. (The amount behind, so Mr. Lang sheltered the ity will offer a “top-dog suite” that New Yorkers shelled out annually pet overnight and put it on a plane to figures to cost at least $100 a night. on pets rose by 25% during the 10 Denver the next day so it could re- That’s five times more than the Vet- years ended in 2012, according to join its owners. He charged a $550 Port charges, according to the U.S. the U.S. Bureau of Labor Statistics, fee, plus $150 for the flight. State Department. But the suite in- to $2.7 billion.) “I feel the Ark is validation of cludes a human-size bed for the dog, Shipments of horses, parakeets, what I’ve been doing for a long a flat-screen TV, webcam and bed- goldfish and other creatures through time,” Mr. Lang said.“You hear sto- side photo frame available for a fam- the area have risen by 28% during the ries about the crazy money that rich ily portrait “to make your pet feel past three years, to 2,801 in 2014, ac- people spend on their pets,and I can even more at home.” cording to the U.S. Department of only tell you they’re mostly true.” “It will be a place for people who Agriculture. (A single shipment can High-level service has enabled love their pets like they love their contain many animals.) The Port Au- Mr.Lang,46,to build a company that kids,” pledged Mr. Bollmann. thority expects about 70,000 animals generates about $1 million a year in “Maybe more.” Ⅲ

gralla equine architects to pass through the Ark annually.Na- revenue.He estimated that preparing STABLE PASSAGE: The Ark’s 70 stables are intended to take advantage of a boom in horse tionwide, more than 2 million pets animals for flights accounts for 20% LISTEN to a discussion at travel. It can cost up to $10,000 to ship a horse overseas. and other animals are transported by of his business.He said he’d like to ex- CrainsNewYork.com/podcasts

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18 | Crain’s New York Business | July 13, 2015 20150713-NEWS--0019-NAT-CCI-CN_-- 7/10/2015 6:49 PM Page 1

IF I HAD $100 Underwear business gets real What a crisp Ben Franklin can get you from the following new underwear brands. Brand Product Price Continued from Page 4 lion in revenue—it’s making enough wholesaling its products. es at the Fashion Institute of Tech- waves to influence bigger players. Mr. Hermand-Waiche couldn’t Negative Underwear Low-back tank made of viscose and elastomer $55 nology for fun five years ago. Two years ago, Winston-Salem, have started his brand without the Cropped low-rise brief in “anti-lace” perforated fabric $40 Then they stumbled onto an N.C.-headquartered Hanes debuted venture-capital funding he attracted Adore Me Matching push-up bra and underwear set idea. The two women noticed that its X-Temp line, which changes ab- early on,which helped with produc- in lace butterfly design $50 while fashionistas spent a lot of time sorbency based on body temperature tion as well as national marketing. Extra pair of underwear included $10 and money on their clothes, they and helps to wick away moisture. Adore Me, which has about 120 Dear Kate Three-inch yoga shorts meant to be worn without rarely did so for innerwear.The lin- Similarly, athletics giant Under Ar- employees, has raised a total of $16 underwear for VPL-free workouts $64 gerie brands already on the market mour sells performance-based un- million from firms including Up- Sporty hipster briefs made with signature fabric $36 offered things they didn’t want. derwear for men and women,and it’s front Ventures. Thinx Fully absorbent hip-hugger underwear “You had to choose between aes- paying off.The Baltimore brand’s net “The difficulty comes with the intended to be worn during menstruation $34 thetics and comfort, and often the revenue grew 25%, to $805 million, minimums you need to order,” ex- Thong made of specially patented fabric $24 aesthetic was about changing your for the first quarter ended March 31, plained Mr.Hermand-Waiche,not- body into something it’s not—lots compared with the year-earlier peri- ing that such a threshold is usually of bows and lace and padding and od.Analysts expect companies to ex- 10,000. “When you’re a small com- pushups, which neither Marissa nor pand even further into innerwear. pany, 10,000 is huge.” I identified with,” Ms. Schwab said. “With more fashion and fabrics To get the word out, the brand “We found there was a white space and performance coming into play, spent at least a couple million dollars where we could merge comfort and there’s an opportunity,” said Susan on advertising in its first year of busi- ru.“Crazy things are getting funded wear.The investment has paid off. cool for a modern aesthetic.” Anderson, senior research analyst at ness, which helped propel it forward like in 1998 and 1999.” “We’ve seen an increase in the FBR Capital Markets & Co. to $5.6 million in sales by 2013.That To keep their businesses ground- number of people who even know that Innovative innerwear Consumers buy new underwear figure tripled the following year. ed, underwear newcomers are keep- indie lingerie brands exist, and it’s our It’s an opening that other brands approximately every six months or Experts estimate that it costs ing costs low. Nudz Inc., which goal to reach everyone,” she said, are also beginning to recognize as so, experts say, which is clearly not about $200,000 to launch an under- promises lingerie for all skin tones, adding, “It’s the hardest thing to get shoppers tire of marketing hype, enough to grow the underwear biz. wear business and conduct a first- is launching a Kickstarter campaign someone to try a pair of underwear.” scant coverage and lack of purpose U.S. sales of undershirts, bottoms, production run of merchandise,but a July 13 to raise $30,000 for its first For one-year-old Thinx, which from their underwear. shapewear and bras have been flat at new brand would need an additional production run. Dear Kate works also makes leak-resistant under- In recent years, several New York $14.9 billion for the past two years, $250,000 by the first 18 months of out of shared office space at We- wear, controlling the storytelling on startups have launched, promising according to market research com- existence in order to drive traffic and Work in the West Village, incorpo- a touchy subject is key. more wearable garments for less pany NPD Group Inc. reach targeted consumers. rated itself via online legal tech com- By selling directly to consumers, money, delivered in more efficient “We have new brands coming pany Legal Zoom, and has stayed and not even wholesaling through a ways. They’re targeting real out and saying, ‘We fit better and Easy money scrappy with its marketing.It led vi- department store, where a salesper- women—not models—who want ef- feel better,’ but that’s just displacing “A good concept isn’t that hard— ral campaigns and has had real-life son might not understand and be fective but cute undergarments. Al- sales from one place to another,”said you can get funding of $200,000 just women model its products. comfortable speaking about the though a few men’s labels are offering Marshal Cohen, chief industry ana- by having a good pitch,” said NPD’s The four-year-old company was product, Thinx eliminates outside odorless products that hold body lyst at NPD. “This is about a niche Mr.Cohen.“But it is doable because founded by Julie Sygiel, a chemical costs and operates like a Warby Park- parts in place, the women’s side has market opportunity,but that doesn’t the new crop of younger people, engineer who developed a three- er. And, like the eyewear company, even more radical inventions. mean that over time it won’t grow to they don’t care about the old estab- layer fabric that combines microfiber Thinx also partners with a charity— Some companies boast tech in- be more volume-centric.” lished brands—they’re looking to polyester and nylon Lycra that wicks each pair of underwear sold funds the novations with patented fabrics that Morgan Hermand-Waiche saw discover a new brand, and this is an away sweat and removes stains. Last production of a pack of menstrual promise absorption beyond any- that when he launched Adore Me in opportune time.” year she expanded from her brand’s pads for an organization in Uganda. thing previously seen on the mar- 2011. The Harvard Business Of course, venture-capital fund- core underwear product into yoga Thinx’s first year of business saw ket—underwear that can be worn School grad calls his brand the Zara ing isn’t hard to come by of late. Of pants by raising $158,000 on Kick- the sale of thousands of pairs of un- during sporting activities,after preg- of lingerie, which means it sells the 33 underwear companies tracked starter. Dear Kate manufactures in derwear, priced between $24 and nancy and even during menstruation fashionable looks for inexpensive by research firm CB Insights,a dozen Long Island City and went through $34 each, according to Chief Exec- in lieu of other products. prices. By selling directly to con- are venture-capital-backed e-com- 200 prototypes before launching its utive Miki Agrawal. Among the newcomers are sumers, Mr. Hermand-Waiche is merce sites that have received a com- patent-pending formula. “We have products that support Manhattan-based brands Dear Kate able to offer bra and underwear sets bined total of $260 million. But the “Most of underwear production is women,” she said. “We really are a and Thinx,which sell absorbent bot- for as little as $39, about 30% less cash may not always be so free- outsourced overseas,” lamented Ms. solutions company that is solving toms,and Adore Me,which has tak- than primary competitor Victoria’s flowing—many tech experts predict Sygiel, who stayed local to ensure real problems but is not compromis- en on Victoria’s Secret with its Secret, which declined to com- the bubble will soon burst. control over production.To do so,she ing on fashion.” Ⅲ intimates-only e-commerce site. ment. The garment-center-based “It’s not terribly difficult to raise spent $6,800 on a Japanese flatlock Though small—four-year-old brand is currently in talks with three money these days,” said Forrester sewing machine that makes it possi- LISTEN to a discussion at Adore Me has an estimated $17 mil- department-store chains about Research analyst Sucharita Mulpu- ble to sew stretchy material for yoga- CrainsNewYork.com/podcasts

capitalize the company if chosen by tion makes it difficult to get approval Weed growers gear up New York, NS-LIJ offers institu- for clinical trials, which involve test- tional legitimacy and direct access to ing drugs on humans.To get around physicians, patients and researchers this, many companies have gone Continued from Page 4 ments and purify it and mix back it at its Feinstein Institute for Medical CCCNY’s route and partnered with the lucky few. together,” said Richard Taney, chief Research. Observers note that the firms in Israel, where medical mari- Manhattan-based Fiorello Phar- executive of PalliaTech, a Long hospital system’s president and chief juana has been legal since 1992. maceuticals has secured a rare part- Island-based company with licenses executive, Michael Dowling, has Partnerships aside, there is a nership with a bank (CastleOak in New Jersey and Illinois. KEEPING WARM: Flowers fill a greenhouse close ties to the governor. fluid nature to the industry, said Ian Securities).At least one firm has been PalliaTech submitted test results awaiting approval to grow marijuana. Another partnership, between James,vice president of business de- certified to offer kosher cannabis. from its New Jersey lab with its New the Greater New York Hospital As- velopment at Canna Advisors, While companies seek ways to distin- York bid to prove it could produce sociation’s for-profit arm, GNYHA which helps companies—including guish themselves,the ability to quick- the standardized products required. York bid in June, but Mr.Taney said Ventures, and the Durst Organiza- one New York contender—get li- ly comply with the high medical Showcasing its focus on the man- the company had simply been wait- tion, a major real estate developer, censes. “These groups of partners standards of the Compassionate Care ufacturing end of production,Pallia- ing on a permit from New Jersey of- offers similar institutional cachet. form and disband,” he said. Act may be distinction enough. Tech leased the eight-building ficials. He said seeds are now in the For many applicants, research Some companies have contin- The act’s guidelines aim to make Northstar Technology Center, a re- ground, and sales to New Jersey pa- partnerships are key. Fiorello Phar- gency plans if they do not get a li- New York’s marijuana industry mir- search and development facility near tients could begin by Labor Day. maceuticals has pledged $5 million cense. CCCNY will likely try in an- ror the pharmaceutical business. In Canada once used by Pfizer. for medical-marijuana research in the other state if New York doesn’t come New York, there will be no raw bud, New York has driven companies Strategic partnerships state if it receives a license, starting through, said Dr. Larry Good, the or even pre-rolled joints, in pill bot- to prepare, but things could still go Among the cannabis consultants with $1 million for Stony Brook Uni- company’s chief executive. tles. Instead, dispensaries must offer awry. Despite PalliaTech’s apparent and investors watching (and aiding) versity. Manhattan bidder Columbia But Ari Hoffnung, founder and consistent, measured doses of concern for getting products to mar- the bidding process, one favorite is Care aims to set up a network to con- chief executive of Fiorello Pharma- cannabis. Of course, the law has no ket quickly, the company has yet to Silverpeak NY, a partnership be- duct clinical trials across the state, in- ceuticals,said that as passionate as he blueprint for how to accomplish that. produce anything in New Jersey, tween North Shore Ventures, the cluding with Mount Sinai Hospital. is about medical marijuana, he “We’ve identified a handful of where it has been licensed since corporate-venture arm of the North But the murky legal status of wouldn’t move. “I can’t see myself people in the world who have done 2009 under the name Compassion- Shore-LIJ Health System, and marijuana in the U.S. puts some ever leaving New York,” he said. Ⅲ the type of extraction necessary to ate Sciences Alternative Treatment Colorado-based Silverpeak Apothe- partnerships at risk. In addition to be able to break cannabis down into Center. Patient advocates in that cary.To complement Silverpeak’s in- scaring off many institutional in- LISTEN to a discussion at individual mono-cannabinoid ele- state protested the company’s New dustry experience and willingness to vestors, marijuana’s federal prohibi- CrainsNewYork.com/podcasts

July 13, 2015 | Crain’s New York Business | 19 20150713-NEWS--0020,0021-NAT-CCI-CN_-- 7/10/2015 5:36 PM Page 1

BUSINESS 271K Number of NYC job openings in June, up 1.14% PEOPLE Source: Simply Hired

EXECUTIVE MOVES

Sailthru: Neil Lustig, 53, joined the consumer privacy and security firm as chief executive and president. He was previously chief executive and president at Vendavo. Usdan Center for the Creative and Performing Arts: Lauren Brandt Schloss, 43, joined the nonprofit summer arts day camp as executive director. She was previously executive vice president at Studio in a School. ABC CARPET Leon Levy Foundation: Robert F. SCION Goldrich, 52, joined the nonprofit as Madeline president and chief financial officer. Weinrib sells her He was previously a senior policy signature fabrics, furniture adviser in the Bloomberg and rugs at her administration. GPShopper: East 17th Street Mike Demko, 50, joined showroom. the retail mobile-app developer as chief operating officer. He was previously vice president of operations at FreshDirect. New York Life Insurance Co.: Saad Khalil, 32, joined as president and head of corporate mergers and acquisitions. He was previously a director at Barclays. GoldPoint Partners: Sean Gelb, 40, joined the private-equity asset manager as chief financial officer. He was previously senior vice president of private-equity tactical opportunities, finance and accounting at Blackstone.

buck ennis Jonathan Rose Cos.: Sanjay Chauhan, 48, joined the real estate development GOTHAM GIGS company as chief financial officer. He was previously chief financial officer at Urban American. KPMG: William O’Mara, 57, was promoted to global head of audit at the audit, tax and advisory firm. He continues to hold the position of Patterned after herself senior audit partner. Greater Jamaica Development Corp.: Hope Knight, 50, joined as president of the economic-development arm of With some inspiration from the family business the Queens neighborhood. She was previously chief operating officer at Though Madeline Weinrib, the granddaughter India and Morocco on tradition-influenced the Upper Manhattan Empowerment ‘I tapped Zone. of ABC Carpet & Home founder Max Weinrib, home goods. Last year, Ms. Weinrib spent three Caruso Painting & into grew up surrounded by antique rugs and silk months in Venezuela as an apprentice with a Decorating: Nancy Erardi, 38, joined pillows, she initially wanted no part in the family sand artist, mixing paint and sand with a stick the full-service something textile business. ¶ “I almost fell into running a big and creating different pieces each day.That painting and wall- covering contractor and I company, but I’m very motivated by the love of apprenticeship led to her Sand Collection, a as principal. She what I do,” said Ms. Weinrib, who opted to series of rugs inspired by the sand paintings of was previously vice wasn’t pursue an art career instead. ¶ But after two abstract expressionist Antonio Tápies that were president at Richter+Ratner. letting go’ decades as a painter, she realized her work was recently on display at the Collective Design Fair DBV Technologies: Hugh Sampson, 66, too decorative for galleries and she was better in SoHo. ¶ Ms. Weinrib, who expanded to her joined the biopharmaceutical company as chief scientific officer. He suited behind a loom. In 1999, Ms. Weinrib, who own 3,000-square-foot showroom on East 17th was previously a director at Jaffe Food is in her 50s, opened her own rug atelier on the Street three years ago, sells her collection of Allergy Institute. IBT Media: Mitchell Caplan, 54, joined sixth floor of the Flatiron district-based ABC. fabrics, patterned furniture and signature rugs for the global news organization as chief “Having a gallery was the most important thing a price range of $450 to $5,300. In May, she marketing officer. He was previously to me, but I felt that I had tapped into something opened a pop-up shop at Barneys New York. ¶ chief marketing officer at Olson. New York State Trial Lawyers and I wasn’t going to let that go,” she said. ¶ It’s a “I hope people who buy [my works] look at them Association: Evan Goldberg, 49, was decision that has allowed the designer to as collectors’ pieces,” she said. “I make my work promoted to president. He was previously president-elect. collaborate with fashion elites like Manolo about what I believe in. Ultimately that’s what Houghton Mifflin Harcourt: Leigh Blahnik, and partner with artisans from Nepal, makes it good.” —erica davies Zarelli, 45, joined the educational-

20 | Crain’s New York Business | July 13, 2015 20150713-NEWS--0020,0021-NAT-CCI-CN_-- 7/9/2015 6:04 PM Page 2

SOURCE EXECUTIVE MOVES LUNCH: SAM SLOVER Interview by Richard Morgan content provider as senior vice president of consumer brands. She was previously chief operating officer at Patch Media. Popular Community Bank: Kenneth Mitchell, 45, joined as senior vice president and director of health care financing. He was previously vice Comparing apps and oranges president and team leader of the commercial health care banking division at M&T Bank. MHP Real Estate Services: Mark Furst, rom the same New We want to get away from good and help consumers purchase the thing entation. For food, as science pro- 60, joined the office-space manager and York University Inter- bad and be more about openness, that’s right for them, for their lives, gresses rapidly,consumers are often lessor as senior managing director. He was active Telecommuni- transparency, information. We for their values. left behind because it’s an impossi- previously a managing director at DTZ. cations Program that want data that doesn’t herd people ble deluge of research to keep up HelloSociety: Helen hatched FourSquare, a onto any one path. We have no So you’re in the business of awareness? with. We want to provide meaning Bellocq, 34, joined the 30-year-old graduate student badges of shame [icons], for exam- The thing that changed my behav- and personal context. Ⅲ full-service Pinterest F marketing and named Sam Slover created an app ple. But we might have unexpected ior more than anything else is the technology firm as called Sage. badges, like you bought something list of food additives. It’s pretty director of brand The app is a revamp of Wrap that’s usually high in sugar,like pas- much all salt and sugar. I was a partnerships, East. Genius, his graduate thesis, which ta sauce, but you bought a brand master’s student at the time,so,of She was previously reimagines food labeling with an that’s low in sugar instead. course, I was eating lots of frozen national account eye toward the impact of complex foods, which are full of salt. executive at Clear Channel Outdoor. food systems on health, the envi- That is how you’re seeing people use it: Beanstalk: Nicholas Bloom, 41, joined the ronment, biodiversity and ethics. specialty grocery lists? Who’s using it In a 10-week trial of your own data, global brand-extension agency as vice Sage’s data visualizations of and why? week after week you were mostly eating president of brand management. He was salt—even the weeks you stocked previously a self-employed consultant. food labels are personalized and We’re seeing environmentalists, Videology: Mike Mecham, 52, joined the easier to understand. To create the health nuts who care about what up on apples. Was it a software provider for converged TV and app, he plugged in food data from they put into their bodies before and surprising experience? video advertising as senior vice president the 100 most-popular branded after 10-mile runs, lots of profes- Food data is a black hole. of corporate strategy and development. items at Whole Foods and sionals, mostly women It’s there but it’s lost. It’s He was previously head of content Trader Joe’s, as well as WHERE in their 20s and 30s. mostly a mirage. Every- commercialization for YouTube in Latin many from FreshDirect. They share food that one knows that Mc- America. There also is generic infor- THEY works well for pregnan- Donald’s will tell you the Willis Group Holdings: Paul Cicerchia, 36, mation for produce,such as DINED: cy, diabetic superfoods, calories of its food because joined the risk-management firm as executive vice president and New York almonds and strawberries. TABOONETTE food for renal disease, that’s required by law. But metro real estate and hospitality practice After beta-testing with 30 E. 13th St. for celiacs, backpacking they also tell you where that leader. He previously was a senior vice 100 city dietitians, nutri- (212) 510-7881 snacks, kids’ snacks. food comes from. Anything president at Marsh Inc. tionists and personal train- taboonette.com that has more than 20 stores Community Preservation Corp.: Elizabeth ers, Mr. Slover recently un- That sounds like your has to do that. That’s a big Propp, 50, joined the nonprofit lender as veiled Sage for public AMBIENCE: audience is kale-and- thing. That’s a lot of data. senior vice president for investments and A Mediterranean quinoa people. Foodies? consumption. It is backed spot where the acquisitions. She was previously a by prize money from design It’s not foodie like You’re a kind of food-security research affiliate and financial breezy decor is nicely counter- consultant. Do you worry that as consultant at NYU Furman Center for competitions, including a Michelin. It’s not ob- $1,000 student Kantar In- balanced by the sessed with being a you devote yourself to better Real Estate and Urban Policy. heavy spices Town Residential: formation Is Beautiful Paleo vegan. It’s people ingredient transparency, there are Garret Lepaw, 49, Award. Mr. Slover saved WHAT THEY ATE: who want to engage in Voldemorts out there building joined the luxury real money by doing all design Ⅲ Salmon wrap a different food system. better black holes? estate services firm as and development himself. Ⅲ Chicken There are ways of masking ad- sales and leasing During the summer, he hummus plate Sage is very graphical and ditives. For example, carnosic director. He was plans to supplement the Ⅲ Two Naked kind of cutesy. It reminds acid, an additive, goes by rose- previously an associate app’s database with popular pineapple me of FitBit because it’s mary extract. Or vitamin C goes broker at Corcoran coconut waters not just about steps taken Group. fast-food menus—Chipo- by ascorbic acid. Or vinegar is DeVries Global: Loretta Markevics, 39, tle, McDonald’s, Sub- PRICE: and calories burned, but acetic acid.Sugar,for example,is joined the international public relations way—and food novelties, $32.12, including also about learning that I called 10,000 different things. A micro-network as executive vice president such as Soylent, the food- tip walk my dog longer at digital system can bundle all of of global creative intelligence. She was replacement smoothie. night than in the morning, that together so it’s harder to previously an executive vice president and or that my visits to Prospect Park are hide, harder to pretend. global director at Porter Novelli. What is Sage? more active than ones to Central Park— Cresa New York: Richard Plehn, 48, joined The first thing is it’s not a nutrition nuanced, weird particulars like that. There has been movement on the the corporate real estate advisory firm as app. It’s a data app that comes out Sage tells me how many countries I rely federal level on new nutrition labels. a senior adviser. He previously was a vice upon for my groceries, for example. But mostly those are matters of font president at DTZ. of anything that has food.We saw a Nielsen: James Powell, 52, joined the need to make the data that’s already That’s exactly right. We want to size and baby-steps things. New information and measurement out there easier to understand, and pull out “lost data” and give it in- York health policy has embraced company as global chief technology to relate data that exists but isn’t on puts, give it meaning. It’s hard as a calorie counts on menus and officer. He was previously executive a corporate or government spread- data problem because there are no restrictions on trans fats and vice president and chief technology sheet anywhere. systems in place to tackle that.Peo- sodium. Did that history help you officer at Reuters. ple are focused on nutrition and launch here? Di Domenico + Partners: Alyssa Topinka, Like what? weight loss. But the story of your New York is a good place to 27, was promoted to associate at the architecture firm. She previously held Why does this food use additives? food goes far beyond that. start. There are a lot people the title of architect. Does it use GMOs? Why would here who are conscious of Pillsbury Winthrop Shaw Pittman: Barry they use GMOs? We’ve seen the “story” of food shifting, these issues, problem- Biggar, 62, joined the law firm as a like a shift from organic to locavore, solvers. You need the pro- partner. He was previously a partner at Sage is like a bridge between our and fast-food chains eliminating GMOs. gressive mindset. What McGuire Woods. doctors’ office conversations and our What food moment are we in? people here want is, one, buck ennis Fox Rothschild: Robert Norton, 46, was dinner-party conversations. Will this We’re seeing a push for authentici- access to everything and, promoted to partner at the law firm. He make people better eaters? ty, something that feels like it can two, a judgment-free pres- was previously an associate. —chris kobiella PLAY/LIST People, places and things that make Sam Slover tick EXECUTIVE PROMOTIONS The fastest way to get an announcement into DRIVE FASTER: OLDIE BUT GOODIE: FAT CATS: Guerta, who is 25. Crain’s is to submit online. Fill out the form He once used Uber instead of At a recent Sasquatch! Music Given Mr. Slover’s healthy lifestyle, at www.crainsnewyork.com/section/ executive_moves. The Executive Moves column calling an ambulance to handle a Festival, he realized that, having just nobody can believe that his Maine NONE FOR ME: is also available online. burst appendix. “Uber was turned 30, this was probably the last Coon cats are so fat. Loobie is 18 Although he’s a vegetarian, he hates faster,” he said. year he could pull it off. pounds—slim compared with La eggplant.

July 13, 2015 | Crain’s New York Business | 21 20150713-NEWS--0022-NAT-CCI-CN_-- 7/9/2015 6:05 PM Page 1

SNAPS

Nonprofits’ fundraisers typically honor individuals who can bring attention to a cause and donors who can fund it. But Big Brothers Big Sisters of New York City’s tribute to Empire State Realty Trust Chairman and CEO Anthony Malkin—among others—came with a special coda. The Empire State Building, which is owned by Mr. Malkin’s firm, was lit up in Big Brothers Big Sis- ters’ blue, green and white colors for its June 16 fundraiser. The $1.6 million raised at the Cipriani 42nd Street event was a record for the organization.

TOM DURELS, director of leasing and operations for Empire State Realty Trust; BILL EDWARDS, vice president of asset management at Equity Office Properties; STEPHEN RABINOWITZ, chairman of the New York real estate practice at the law firm Greenberg Traurig; DENNIS FRIEDRICH, chief executive of Brookfield Office Properties; and STEVEN DURELS, director of leasing at SL Green Realty Corp., at the Big Brothers Big Sisters event.

Co-honorees ROBERT IVANHOE,

photos: w. travis keyes chairman of the global real estate Former New York Ranger RON DUGUAY; Big Brothers Big Sisters co-honoree PAUL GLICKMAN, vice chairman and international director of Jones Lang LaSalle; practice at Greenberg Traurig, and MARVA SMALLS, executive vice president of global inclusion strategy at Viacom; DEREK FISHER, head coach of the New York Knicks; HECTOR BATISTA, chief ANTHONY MALKIN together at the Big executive of Big Brothers Big Sisters of NYC; and actor RALPH MACCHIO at the June 16 fete. Brothers Big Sisters fundraiser.

Inside Edition anchor DEBORAH NORVILLE; editor and author TINA BROWN; AMI KAPLAN, a Deloitte partner and president of the networking organization Women’s Forum of New York; EMILY RAFFERTY, former president of the Metropolitan Museum of Art; and singer JUDY COLLINS at a fundraising luncheon for the Forum at the Plaza Hotel.

BETH SHAPIRO, executive director of Citymeals-on-Wheels, and ALIYYAH BAYLOR, co-owner of the Make My Cake bakery and a Citymeals board member, at a fundraiser for the nonprofit on June 8 at Rockefeller Center.

Morning Joe co-hosts JOE SCARBOROUGH and MIKA BRZEZINSKI at the Forum event. The June

photos: eric vitale 22 luncheon raised $250,000 for the Forum’s Chefs BILL TELEPAN and CRAIG KOKETSU at the Citymeals-on-Wheels event, scholarship fund, which provides financial aid to

which raised $880,000 to bring food to the homebound elderly. women over 35 who want to go to college. photos: michael loccisano

See more of this week’s Snaps online at CrainsNewYork.com/galleries.

22 | Crain’s New York Business | July 13, 2015 20150713-NEWS--0023-NAT-CCI-CN_-- 7/9/2015 6:05 PM Page 1

FOR THE RECORD

[email protected] or (212) lease for the entire 5,400-square-foot director, sold 50,000 shares of common 386-0044. To make inquiries, contact building, including the rooftop, at 113 stock at $70.26 per share on June 30, in a ABOUT THIS SECTION Rashad Le Monier at (212) 386-0412 or Reade St. in TriBeCa.The restaurant, the transaction worth $3,512,820. He now FOR THE RECORD is a weekly listing of information from the public record [email protected]. company’s eighth in the city, will be directly holds 531,930 shares. that can help businesspeople in the New York area find opportunities, adjacent to the Cosmopolitan Hotel.The ● Department of Education tenant was represented by DLL Real Wayne S. Miller, chief operating officer potential new clients and updates on competitors. Requests proposals by 1 p.m. on Aug. 3 Estate’s David Latman.The landlord, and secretary, sold 44,370 shares of To ask questions or get more information on this section, contact for systemic program evaluation Triumph Hotels, was represented by common stock at prices ranging from Crain’s research department at [email protected]. services. A preproposal conference will David Abrams of RKF.The asking rent $70.52 to $71.41 per share between June take place from 11 a.m. to noon on July and length of the lease were not disclosed. 26 and June 30, in a transaction worth 20 at St. Francis College, Founders Hall $3,139,670. He now directly holds Auditorium, 180 Remsen St., Brooklyn. 256,698 shares. NEW IN TOWN Filed for Chapter 11 bankruptcy on June Proposals can be downloaded at STOCK TRANSACTIONS 22. The filing cites estimated assets of schools.nyc.gov/offices/DCP/vendor/ ● Foot Locker Inc. (FL) Companies that would like to have details $500,001 to $1 million and estimated default.htm. To make inquiries, contact Following are recent insider transactions at Robert W. McHugh, executive vice of openings published should submit liabilities of $500,001 to $1 million. the Vendor Hotline at (718) 935-2300 New York’s largest publicly held companies president of operations support, exercised descriptions following this format to cnyb- or [email protected]. filed with the Securities and Exchange options on 20,000 shares of common [email protected], with “New ● Next Generation Technology Inc. Commission by executives and major stock at $23.42 per share on June 25, in a in Town” in the subject line. 614 W. 157th St. ● Economic Development Corp. shareholders. Listings are in order of transaction worth $468,400. Between Filed for Chapter 11 bankruptcy on June Requests proposals by 4 p.m. on Sept. 24 transaction value.The information was June 22 and June 25, he sold 31,953 ● Bill Baker’s Restaurant & Bar 26.The filing cites estimated assets of for the redevelopment of 55 Stuyvesant obtained from Thomson Reuters. shares of common stock at $65.00 per 364 Grand St., Williamsburg, Brooklyn $100,001 to $500,000 and estimated Place. An optional site visit will take place share, in a transaction worth $2,076,945. Brooklyn residents and partners Adam liabilities of $1,000,001 to $10 million. at noon on July 28.To attend, RSVP to ● Goldman Sachs Group Inc. (GS) He now directly holds 159,431 shares. Randisi and Chef Nels Benton opened a The creditors with the largest unsecured [email protected] on or before Lloyd C. Blankfein, chairman and chief restaurant featuring American fare, claims are Citibank, owed $1,019,683.38; 4 p.m. on July 24.To make inquiries, executive, exercised options on 104,186 ● Pall Corp. (PLL) bourbon and a wide variety of beer. the Internal Revenue Service, owed contact Maryann Catalano at (212) 312- shares of common stock at $131.64 per Michael Egholm, president, There will also be a late-night bar menu $524,183.92; and the U.S. Department of 3969 or [email protected]. share between June 18 and June 19, in a biopharmaceuticals, exercised options on and craft cocktails on the lower level Treasury, owed $215,179.97. transaction worth $13,715,045. On the 15,538 shares of common stock at prices starting this fall. same days, he sold 104,186 shares of ranging from $59.75 to $82.47 per share ● Washington Heights Parking REAL ESTATE DEALS common stock at $215 per share, in a on June 29, in a transaction worth ● The Courtyard 4320-4334 Broadway transaction worth $22,399,990. He now $1,082,774. On the same day, he sold 485 Fifth Ave. Filed for Chapter 11 bankruptcy on June Companies that would like to have details directly holds 2,235,690 shares. 15,538 shares of common stock at The Courtyard, an outdoor-event space, 26. The filing cites estimated assets of of their recent transactions appear in these $124.55 per share, in a transaction worth was opened by midtown boutique $50,000,001 to $100 million and listings should email descriptions following ● G-III Apparel Group (GIII) $1,935,245. He now directly holds one lifestyle hotel Andaz 5th Avenue. It is an estimated liabilities of $10,000,001 to this format to cnyb-research@crainsnew Sammy Aaron, vice chairman and share. Ⅲ extension of Apartment 2E, the hotel’s $50 million. The creditors with the york.com, with “Real estate transaction” in meeting and event space, and features a largest unsecured claims are Marshall the subject line, or enter them online at new catering menu for the summer Schiff, owed $25,000; Citrin crainsnewyork.com/submitadeal. Deals are season. Cooperman, owed $8,000; and the New listed in order of square footage. DEALS ROUNDUP York City Water Board, owed $4,500. COMMERCIAL COMPANY MOVES ● Law firm Watson Farley & Williams TRANSACTION SIZE TARGET/SELLERS (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE GOVERNMENT CONTRACT signed a 15-year lease for 30,400 square Companies that would like to have details OPPORTUNITIES feet on the entire 31st floor and part of Chubb Corp./ $31,819.5 ACE Ltd. SB M&A of recent moves published should submit the 30th floor at 250 W. 55th St. The Beck, Mack & Oliver (Manhattan); Fidelity descriptions following this format to cnyb- Following are selected contract firm is relocating from 1133 Sixth Ave. Management & Research Co. [email protected], with opportunities recently announced by New to the 988,000-square-foot, 38-story “Company Moves” in the subject line. York City agencies.To learn how to sell building. The tenant was represented by Health Net Inc./ $7,579.0 Centene Corp. SB M&A OrbiMed Advisors (Manhattan) goods and services to city government, visit Cara Chayet, Bill Iacovelli, Mark ● Cyc www.nyc.gov/selltonyc. For a searchable Ravesloot and Michael Wellen of Gramercy Property Trust Inc./ $2,430.9 Chambers Street Properties SB M&A 700 Eighth Ave. database of current procurement notices, CBRE. The landlord, Boston Bay Harbour Management; Citadel; Clark Ventures Inc.; The indoor cycling studio opened its visit www.nyc.gov/cityrecord. Listings are Properties, was represented by CBRE’s Cohen & Steers Inc. (Manhattan); second city location, in Hell’s Kitchen. alphabetical by category and department. Christie Harle, Caroline Merck, Sam GID Securities; KBS Real Cyc offers 45-minute beat-based rides, Seiler and Peter Turchin. Asking rents in Estate Investment Trust Inc.; led by “cycologists,” that activate the CONSTRUCTION SERVICES the building range from $80 to $140 per Luxor Capital Group (Manhattan); entire body and incorporate weights in ● Brooklyn Bridge Park square foot. Skyland Inc.; SL Green Realty sectors. For every mile a customer rides, Requests proposals by 10 a.m. on Aug. 6 Corp. (Manhattan) Cyc donates to the customer’s charity for the construction of a maintenance ● Bard, Rao + Athanas Consulting AlliedBarton Security Services/ $1,670.0 Wendel FB M&A partner of choice. and operations building and a boathouse Engineers renewed its existing lease and Blackstone Group (Manhattan) in the park. To make inquiries, contact expanded its space from 13,350 square Airbnb Inc./not disclosed $1,500.0 Baillie Gifford & Co.; CBC Capital; GCI ● Pure Barre Davin Mills at (212) 661-6624 or feet to 16,600 square feet at 105 Madison Fidelity Investments; General 225 Franklin St., Greenpoint, Brooklyn [email protected] Ave. in a 10-year lease. The firm Atlantic (Manhattan); GGV Capital; The nationwide exercise studio chain occupies the entire 10th floor of the 20- Hillhouse Capital Management Ltd.; ● Department of Design and Construction Horizon Ventures; Kleiner Perkins opened its fourth Brooklyn location, in story, 267,000-square-foot building, and Caufield & Byers; T. Rowe Price Group Greenpoint. Pure Barre offers a 55- Seeks competitive sealed bids by 4 p.m. will now take up part of the ninth floor. Inc.; Temasek Holdings (Pvt.) Ltd.; minute total body workout using a ballet on July 21 for construction management Newmark Grubb Knight Frank’s Paul Tiger Global Management (Manhattan); barre to tone muscles and burn calories. services for the new Gansevoort Marine Davidson led the deal, representing both Wellington Management Group Transfer Station. RFPs are available at the tenant and the landlord. The asking Xoom Corp./ $1,068.9 PayPal Holdings Inc. SB M&A ddcftp.nyc.gov/rfpweb.To make rent was $62 per square foot. Ancient Art; Capital International BANKRUPTCIES inquiries, contact Belkis Palacios at Investors; Capital World Investors; (718) 391-1866 or [email protected]. ● Residential architecture firm John B. AG Ventures; Marathon Partners The following listings are selected from the Murray Architect renewed a 10-year Equity Management (Manhattan); most recent available filings by companies ● Department of Parks and Recreation lease for 8,749 square feet on the entire New Enterprise Associates seeking bankruptcy protection in the Seeks competitive sealed bids by 10:30 10th floor at 48 W. 37th St. David Levy Kongzhong Corp. (75.28%)/ $353.2 Accel Partners; IDG Capital Partners; SB M&A Southern and Eastern Districts of New a.m. on July 22 for the reconstruction of of Adams & Co. represented both the Renaissance Technologies Corp. management of Kongzhong Corp. (Manhattan); Wargaming.net York. Information was obtained from U.S. a portion of the Pelham Parkway malls tenant and the landlord, Forty Eight Bankruptcy Court records available on in the Bronx. Bid documents are Thirty Seven Associates. The asking Solairedirect SA/ $275.4 Engie SA (95%) SB M&A Public Access to Court Electronic Records. available between 8 a.m. and 3 p.m. in rent was $48 per square foot. Aster Capital Partners SAS; BlackRock Inc. (Manhattan); Listings are in alphabetical order. the Blueprint Room, Room 64, Olmsted Dutch Infrastructure Fund B.V.; Center, Flushing Meadows Corona RETAIL KGAL GmbH & Co. KG, ● 150 Fulton Property Inc. Park, for a $25 fee payable by company ● Gap Inc. signed two 15-year leases for Private Equity; Old Mutual plc; 150 Fulton St., Farmingdale, L.I. check or money order to the City of The Gap and Old Navy stores in the Techfund Europe Management Filed for Chapter 7 bankruptcy on June New York, Parks and Recreation. To Bow Tie Building at 1514 Broadway in SAS; J&J Group 26. The filing cites estimated assets of make inquiries, contact Michael Times Square. The stores will take up Northern Offshore Ltd./ $184.1 Shandong Offshore International Co. SB M&A $1,000,001 to $10 million and estimated Shipman at (718) 760-6705 or about half the space that is currently Geveran Trading Co.; liabilities of $1,000,001 to $10 million. [email protected]. occupied by Toys R Us. The tenant was MHR Fund Management represented by RKF’s Justin Fantasia (Manhattan) ● F.M.C. Market Inc. d/b/a Frank’s Food GOODS AND SERVICES and Ariel Schuster. The landlord, RadiumOne Inc./not disclosed $54.0 Adams Street Partners; CrossLink GCI Court ● Department of Citywide Administrative Charles Moss of Bow Tie Partners, was Capital Inc.; DFJ Esprit; Harmony 349 Tarrytown Road, Elmsford, N.Y. Services represented by David Green and C. Partners (Manhattan); Industry Ventures; Trinity Ventures Filed for Chapter 11 bankruptcy on June Seeks competitive sealed bids by 10:30 Bradley Mendelson and of Cushman & 22. The filing cites estimated assets of a.m. on July 27 for asphalt cement Wakefield.The asking rent was $2,500 Selected deals announced for the week ended July 2 involving companies in metro New York. $100,001 to $500,000 and estimated distribution for the Department of per square foot on the ground floor, SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing shares of a company without the participation of a financial buyer. FB M&A: Financial buyer M&A liabilities of $1,000,001 to $10 million. Transportation. A copy of the bid can be $350 on the second floor and $150 in represents a minority or majority acquisition of existing shares of a company with the participa- downloaded at a856-internet.nyc.gov/ the basement. tion of a financial buyer. GCI: Growth capital investment represents new money invested in a ● M. Realty 1 nycvendoronline/home.asp, or requested company for a minority stake. source: capitaliq 830-834 Willis Ave., Albertson, L.I. by contacting Vendor Relations at ● Serafina Restaurant Group signed a

July 13, 2015 | Crain’s New York Business | 23 B:11.125” T:10.875” S:10.25”

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