The Empire Strikes out (In D.C.)

20101108-A--0001-NAT-CCI-CN_-- 11/5/20109:11PMPage1 INSIDE NEW YORK, NEW YORK, P. NEW NEW YORK, 6 NYC big bucksto and arts delivers Center Lincoln PAGE 3 home permanent gets Blue School Group’sBlue Man PAGE 3 defense attorney thelovable Aidala, PAGE 2 again to hire begin cautiously Wall firms Street NEWSPAPER CHEAT SHEET THE WEEKONWEB THE WEEKAHEAD EXECUTIVE MOVES FOR THERECORD CLASSIFIEDS NEIGHBORHOOD JOURNAL REAL ESTATE PLUS DEALS THE INSIDER INDEX B TOP STORIES business boxing isgoodfor caught in Hurricane inHurricane caught ● ● ● opera He makesasceneatthe GOTHAM GIGS Larry KingatCNN Larry Getting readytoreplace USINESS GAEL GREENE GAEL MOVERS &SHAKERS ANNE FISHER ELECTRONIC EDITION P. ______

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matthieu roussel VOL. XXVI,NO.45 sagesv o.Thisis is aggressive now. “This man’s retail group. Prudential DouglasElli- of chairwoman Consolo, Faith says Hope over,” fora push harderthanever and Target haveforced Walmart to bysuchcompetitorsasCostco city abroad andboldmovesays intothe disappointingfor- intheU.S., clines ofsame-storequarters salesde- straight Five different tune. Walmart isindeedsinginga theeffort,” asnot City “worth urban areas.urban foothold here andinother offNew YorkScott towrite Lee former ChiefExecutiveH. Islandled andStaten in Queens to openastore intheBigApple. bolsteritsefforts manager,to campaign Bloomberg’sMayor Michael former announced thatithadhired Bradley Tusk, theArkansas retail giant later, days Afew York.” of Walmart associatesbeltedout New “New York, TO CLOSEANANALYSTS MEETING BY DANIEL MASSEY See WALMART on Page 27 onPage See WALMART “They’re lookingall “They’re Four failedattempts yearsafter Despite earlier failure, massretailer Despite earlierfailure, WWW.CRAINSNEWYORK.COM determined toopeninthecity determined HERE COMES WALMART last month, a choir a month, last create the next big thing is another matter. isanother bigthing next create the to hot enough it’s NYC techis booming. Whether PRODUCE A GOOGLE? CAN SILICON ALLEY ® P. 17 IT WAS FUNWHILEITLASTED BY ERIKENGQUIST aoiy New York or haveseven will majority, seniorDemocrats in the House mostly Insteadof26 power willplummet. D.C. the state’s for thefirsttimesince2006, control ofthe HouseofRepresentatives boost New York’s share. and healthcarefundingformulas to transportation andtweaking money, stimulus commandeering passing bills, in Washington—chairingcommittees, Housedelegationhashaditsway cratic at GOP’s House party all thefun New York polsmissing (in D.C.) strikes out Empire The upscale food goes parks’ City Hot diggety: of vendors,a one-size-fits-all approach.” one-size-fits-all of vendors,a hadamonoculture Mr.Benepe.“We says able toofferbetteroptionsinourparks,” choices. fare.and sophisticated parks withvendorswhosellhealthful BY LISAFICKENSCHER pricier farearein vendors ofhealthier, Dogs andbunsareout; concessionaires operatingin currently He planstoreplace manyofthe300 LUNCHTIME IN But on Jan.1,when Republicans take Republicans But onJan.1,when New York’s Demo- For fouryears, Mayor MichaelBloomberg’s agenda weoughttobe agreat foodcity, “In parkgoers want moreHe says ty offoodinthecity’s greenty spaces. sal en o os pretzels, meanshotdogs, usually sive campaign toimprovesive campaign thequali- an Benepehaslaunchedaggres- Italian ices and soda.But theirdays Italian icesandsoda.But as the reigning grub intheBigAp- as thereigning grub ple are numbered. City ParksCity CommissionerAdri- NOVEMBER 8-14, 2010 PRICE:$3.00 e O IGT onPage30 See HOTDIGGETY New York City’s parks — An action e MIEonPage8 See EMPIRE and clout the guv- plan for PAGES elect 11, 12 . — 20101108-A--0002,0003-NAT-CCI-CN_-- 11/5/2010 9:14 PM Page 1

Rand, who plans to hold another next IN BRIEF March. “The fact that they’re here now Wall Street edging means better times are ahead.” THE BATTERY PARK CITY AUTHORITY, THE Of course, attending a job fair is a long PUBLIC BENEFIT CORPORATION ESTABLISHED way from landing a job. And while a hand- more than 40 years ago to create and maintain ful of financial institutions are hiring—with the 92-acre lower Manhattan waterfront back to hiring mode some even offering the industry’s legendary neighborhood, excessively and frivolously eight-digit paychecks—the job market re- spent more than $340,000 on parties, gifts and mains difficult for most would-be Wall employee meals from 2005 to 2008, according Streeters, albeit less so than earlier this year. to a 31-page report released Friday by the Gloom is lifting, but gains will be slow “The black mood is gone,”says Richard New York state inspector general. The report Lipstein,a managing director in the finan- said that in those three years, the BPCA spent sion to line up in the basement of a midtown cial practice group at Boyden Global Ex- more than $184,000 on parties and gifts and BY AARON ELSTEIN hotel and present their résumés. More ecutive Search.“But this isn’t a case of a ris- $163,000 on travel and entertainment. It also tellingly, representatives from 23 employing tide lifting all boats.” revealed that the BPCA donated $100,000 to SIGNS ARE EMERGING that Wall Street is ers, including Citigroup, Charles Schwab Still, a small but growing number of nonprofits unrelated to its mission. For looking to staff up after a long,painful purge. and Prudential,were on hand to greet them. firms are dusting off their expansion plans. instance, it gave $8,000 to the Auburn Last week, Job Expo International Inc. “Last year, employers just had no inter- Last week, Sandler O’Neill & Partners, a University Foundation, based in Alabama. The held its first financial job fair in two years. est—I mean zero—in coming to an event boutique firm that advises other banks, BPCA says it has implemented changes to its More than 300 people paid the $10 admis- like this,”says the fair’s organizer,Bradford sold a 40% stake to two private equity firms procedures and revised the employee to fund expansion. Similarly, handbook over the past year to address the midsize firms such as Jefferies IG’s findings. & Co. and mergers advisory powerhouse Lazard are also AFTER FOUR YEARS OF CONSTRUCTION, PIER taking on staffers in anticipa- 25 ON THE HUDSON OPENED THURSDAY. tion of more activity. The structure is the latest piece of the five- mile-long Hudson River Park, which is the A $30M hello largest open space to be built in Manhattan AMONG THE BIG BANKS, Morgan since Central Park.The new pier, located in Stanley is snapping up hundreds TriBeCa, includes an 18-hole miniature golf of sales executives with expertise course, a snack bar, beach volleyball courts, in such areas as emerging mar- moorings for small boats, a children’s ket equities and currency trad- playground and lounge-chair seating. At 900 ing, and Citi turned heads re- feet, Pier 25 is the longest pier in the park. Ⅲ cently by poaching a UBS energy banker with an offer of a $30 million package over three years. Just last week, pay consul- BY THE NUMBERS tancy Johnson Associates had Wall Streeters smiling again Weekly shift of the city’s economy JOB INSECURITIES with its forecast of a 5% overall increase in bonuses this year, POWERFUL COMBO The Fed will pump $600 Securities industry jobs in New York City. billion into the system, and Wall Street firms say with gains in payments for mon- they’ll hike wages 10%. That’s good news for ey managers offsetting project- New York City’s economy. ed declines in other specialties. 182,200 189,000 179,700 162,900 160,200 Wall Street has a long road $914K 41st 1.7% 2006 2007 2008 2009 2010* to travel to recover its swag- *Through Sept. 30. ger, however. Even though the MEDIAN PRICE ANNIVERSARY of RISE in Source: U.S. Bureau of Labor Statistics pace of the erosion has slowed, of Man. condos, first e-mail, sent same-store sales co-ops in 3Q, up by UCLA prof on in October vs. a New York’s undisputedly best-

7.5% from 2009 Oct. 29, 1969 year earlier bloomberg news See WALL ST. on Page 29 Sources: Prudential Source: Source: Kantar Retail Douglas Elliman and CR4.globalspec.com Miller Samuel Inc.

SHOOTING UP Hedge funds are enjoying an almost uninterrupted growth spurt after their struggle during the Giving gets an upgrade dark days of the Great Recession.

Nearly a third of Americans now expect buck ennis Retailers, corporations champion causes corporations to support causes during a recession, up from 25% in 2008, according to to score points with consumers, workers the Cause Evolution Study, which research firm Cone Inc. conducted this past sum- founding charitable enterprises or volun- mer. “You’re seeing more companies get- BY ADRIANNE PASQUARELLI teering at nonprofits to gain experience. ting on the bandwagon,saying,‘Wow,what “We’ve seen a lot of volunteers at the a great way to communicate to the world EMPLOYING SOCIAL CAUSES to further mar- what we stand for,’ ” says Craig Bida, exec- Source: Hedge Fund Research Inc. keting goals has been a growing trend utive vice president at Boston-based Cone. among companies for several years. But SHOPPING FOR A CAUSE Donations go beyond cash. While cor- ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY some, like Seattle-based Nordstrom, are of consumers want companies to porate giving was up 7% in 2009, to $9.93 taking it to a new level. The retailer sur- 90% tell them how they support causes billion,the highest level since 2005,accord- prised New Yorkers with the news last ing to the Committee Encouraging Corpo- of millennials (18- to 24-year-olds) CORRECTION month that the department store chain 85%are likely to switch brands for a rate Philanthropy, which attributes most of will open an 11,000-square-foot location the rise to donation of companies’products. A Verizon spokesman declined to say how many Cablevision cause customers had signed up for Verizon’s FiOS service during in SoHo next year and that earnings of the Pfizer, for instance, gave $2.3 billion, much Cablevision’s fee fight with Fox. His statement was as-yet-unnamed outpost will go to charity. 75%of employees want to get involved of which was in the form of drugs. mischaracterized in the Nov. 1 story “Why Dolans are such tough “To my knowledge, this is unique,” says in their company’s skills-based Retailers partnered with charities be- cable customers.” Kenneth Stumphauzer, retail analyst at volunteer opportunities fore the recession, but more are building Sterne Agee & Leach. “You never see a of Americans bought a product in those relationships now. The Gap began vol. xxvi, no. 45, november 8, 2010—Crain’s New York Business 41% (issn 8756-789x) is published weekly except for combined issues dedicated concept where all the profits are 2009 because it was associated Red, a campaign to raise funds for AIDS the fourth week of June and the first week of July, the fifth week of donated to philanthropic efforts.” with a cause or issue, compared with 20% in Africa, in 2006, and Yoplait has been August and the first week of September, and the third and fourth in 1993 weeks of December, by Crain Communications Inc., 711 Third Ave., Every corporate suite seems to be in a collecting yogurt lids for breast cancer New York, NY 10017. Periodicals postage paid at New York, N.Y., more giving mood these days. The strug- Source: 2010 Cause Evolution Study, Cone Inc. funds for over a decade. Nearly every ma- and additional mailing offices. Postmaster: Send address changes to: gling economy has emptied pockets but jor retailer, from department store Lord & Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call also inspired businesses and individuals. Taylor to shoe-seller Cole Haan, has got- (888) 909-9111. Fax (313) 446-6777.$3.00 a copy, $59.79 one year, Retailers and corporations are using part- level of college students,in some cases,even ten involved with cause initiatives. Many $109.79 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2010 by Crain Communications Inc. nerships with social-cause groups to gain younger than that,” says John Gershman, provide discounts to shoppers donating All rights reserved. customers or attract employees. And with clinical associate professor of public service used goods. Last month, Aéropostale’s paying jobs scarce, young people are at New York University’s Wagner School. See GIVING on Page 30

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MATTERS OF DEGREE: Though A home most of his cases end with guilty pleas, Arthur Aidala says he tries “to bring up the for Blue mitigating factors.” School Brainchild of Blue Man Group heads for lower Manhattan

BY MIRIAM KREININ SOUCCAR

LOWER MANHATTAN is about to get a colorful new private school. The Blue School—an innovative nursery and elementary school started by the three founders of a no- torious avant-garde theater troupe, Blue Man Group, and their wives— has signed an agreement to purchase a 33,000-square-foot, six-story building at 241 Water St., one block south of the Brooklyn Bridge. The school,which started as a tiny nursery in 2006 and has been operating out of a variety of temporary spaces in the East Village ever since, has been growing at a rapid pace.Cur- rently,the school has 150 students en- rolled in the nursery school through sec- $28.5K ond grade. Next TUITION for the Master of defense year, it will add a elementary third grade, and the grades at the new space will allow Blue School it to accommodate Arthur Aidala is the new go-to lawyer for those in big trouble 320 students and expand to fourth and fifth grades within two years. ing and driving when he struck and killed a Brooklyn woman last year; BY HILARY POTKEWITZ crane operator William Rapetti,whose company was responsible for rig- “Bit like a miracle” ging the construction crane that collapsed in 2008, killing seven people; “WE HAVE BEEN looking for a home IT’S EASY TO BE TURNED OFF BY Arthur Aidala. He’s loud, he’s brash, and Baruch Mordechai Lebovits, an Orthodox rabbi accused of molesting for two and a half years,” says Matt he has to have the last word. Even his job title is somehow off-putting: boys in Borough Park; and Brigitte Harris, a 27-year-old woman who Goldman, a Blue School and Blue criminal defense attorney. handcuffed her abusive father to a chair, suffocated him with a gag and Man Group co-founder. “It feels a His clients don’t help. As the new go-to lawyer for those living the cut off his genitals with a scalpel. little bit like a miracle.” worst-case scenario, he’s currently representing football legend It’s an unsavory list, as Mr. Aidala knows, but that is why he fights so The Blue School is buying the Lawrence Taylor, charged in May with statutory rape of a 16-year-old hard for them in court. property from the Seamen’s Church girl he allegedly paid for sex. “My typical client has never been arrested before,” says the 42-year- Institute for an undisclosed price. And over the past year or so, Mr. Aidala has been on a well-publi- old former assistant district attorney.“These are good people who broke The school expects to close before cized roll. He represented police officer Andrew Kelly, who was drink- See DEFENDER on Page 30 Dec. 15 and undergo renovations

buck ennis costing between $2.5 million and $3.5 million. Trustees at the school have started a capital campaign but declined to give the amount. The school will begin holding classes at its new location in September. Tu- ition for the elementary school Broadcast networks book ’em grades runs $28,500. The move is good news for young wondered if the business model was Most of all, the big-ticket, draw large audiences and lead to families in the neighborhood,where CBS heads pack dead,good-old broadcast television scripted, hourlong shows with high revenue from varied distribution there is a dearth of private schools. roaring back with is now a more attractive proposition production values that are broad- channels. Last year,Blue School had six appli- than it has been in years. cast’s signature are proving more “There are only a handful of net- cants for every spot. So far this fall, more ad revenues This reversal is particularly dra- valuable than ever. In today’s frag- works where you can get quality, it has received nearly 400 applica- matic in the case of CBS, which is mented media landscape, they still See BROADCAST on Page 29 tion requests, a 50% increase from and cable fees more dependent on advertising than last year. Because demand is expect- its peers and so was hurt more by the ed to be even bigger now that the BY MATTHEW FLAMM recession. Its ratings have risen, de- school has a permanent home, the fying the longtime downward trend deadline to apply for the 2011-2012 HAWAII FIVE-0 isn’t a show that peo- for all broadcast networks. school year has been extended to ple watch because of its reviews, as Dec. 15. CBS Corp. Chief Executive Leslie Advertising surge Moonves noted recently. But the DANNO ISN’T THE ONLY ONE making Born of frustration solidly entertaining remake of the a comeback. THE IDEA for the school grew out of hit 1970s series,replete with shoot- Advertising revenue across the its founders’frustration with the all- outs, explosions and bikinis, is one industry is up for local stations as too-limited options they found in reason broadcast television is look- well as the networks. Broadcasters the city for their own children. To ing so good right now. have also won battles with cable and build their curriculum, they have ATTRACTIVE PROPOSITION: Following two years in which satellite operators to be paid for Surf is way up for broadcast traveled the world and hired numer- revenues fell and investors (and their programming, thereby receiv- television. ous education experts, putting to-

even some industry executives) ing a stream of subscriber fees. cbs See Blue U. on Page 30

November 8, 2010 | Crain’s New York Business | 3 20101108-A--0004-NAT-CCI-CN_-- 11/5/2010 8:05 PM Page 1

Clock ticking on $713M deal IN THE MARKETS between WTC workers and city by Aaron Elstein

lution needs to happen.” The city claims that the federal 95% of plaintiffs must Mr. Carboy represents the fire- government capped its liability at accept to prevent fighters who came down with the $350 million. But the nearly 140 most severe respiratory illnesses. contractors that worked at the site, ‘a lifetime’ of cases More than 95% of his clients have unable to buy comprehensive liabil- agreed to settle, but he represents ity insurance in the wake of the dis- BY JEREMY SMERD only 689 plaintiffs. aster, faced the specter of unlimited

payouts and potential bankruptcy. istockphoto TENS OF THOUSANDS of firefighters Vast majority say yes To address the issue, Congress in and rescue and recovery workers ran NEARLY 10,000 other individuals are July 2004 created the WTC Captive into the smoking remains of the represented by Worby Groner Edel- Insurance Co., using $1 billion in Mortgage mayhem: Schwab puts on World Trade Center after the attacks man & Napoli Bern. Senior partner federal money authorized to help on Sept. 11, 2001, and spent months Marc Bern told Judge Alvin Heller- the city rebuild after Sept. 11. its gloves to go up against Citigroup at the site cleaning up afterward. stein on Oct. 5 that 75% of the firm’s Most of that money will go to the Thousands emerged with injuries— clients had opted in. He declined to Ground Zero workers. Payouts for ADIES AND GENTLEMEN, the undercard is over. Now it’s some lethal,many others debilitating. provide an updated tally last week. victims begin at $3,250 for someone time for the main event. Now, workers who have fallen ill “The overwhelming majority are who cannot prove any injury but In one corner, wearing a folksy “Let’s talk” marketing because of exposure to as- accepting the settle- fears a future work-related illness. L bestos, lead, glass fibers, ment,” Mr. Bern says. “I For an individual who died from campaign and weighing in at 8 million client accounts, is concrete dust and other $350M think that some people lung disease, the payment can go as Charles Schwab. And in the other corner, plotting a comeback debris from the fallen Twin THE CAP on the are looking to get more high as $2 million, from which a after a suffering a near-knockout, stands $2 trillion asset Towers have until mid- city’s liabilility for money.” 25% lawyer’s fee (reduced from the Citigroup night on Nov. 8 to accept A week after the at- customary 33%) will be deducted. . a $712.5 million settle- Sept. 11 cleanup tacks, Christine Todd Let’s get ready to rummmmble. ment with the city and the injuries Whitman, then the ad- Sweetening the pot The mortgage-foreclosure mess is making for some epic courthouse contractors that it hired to ministrator of the Envi- WHILE SOME VICTIMS have said that fights,and one of the biggest pits the nation’s largest discount broker against clear Ground Zero. ronmental Protection the settlement is not generous a global financial powerhouse. Schwab is alleging that Citi and 10 other big But there’s a catch: 95% of the Agency,announced in a press release, enough, several sweeteners have banks sold it mortgage-backed securities that were a lot shoddier than they 10,633 plaintiffs must accept the “I am glad to reassure the people of been thrown in. The city waived a had claimed. The suit was disclosed by Citi in a regulatory filing last week deal. If they don’t, the dispute with New York and Washington, D.C., law that would deduct worker’s com- and is similar to one filed against it, Bank of America and Goldman Sachs by the the city, and one of the largest mass that their air is safe to breathe and pensation and disability pensions Federal Home Loan Bank of Chicago a few weeks ago. tort cases in history, could drag on their water is safe to drink.” from people’s settlements. In addi- Many more such suits are likely to be filed because the foreclosure crisis interminably. But by December 2001, lawsuits tion, federal authorities say Ground suggests a portion of the trillions in securities sold by banks during the hous- “You’d run out of years in a life- began to trickle in. In 2003, when Zero workers could still receive ing boom were saddled with mortgages based on faulty paperwork or other time to settle the cases,” says An- the EPA’s inspector general contra- compensation from other sources, flaws that give investors the right to demand refunds. drew Carboy, an attorney with Sul- dicted Ms. Whitman’s overly opti- such as the James Zadroga 9/11 In its case filed in a San Francisco federal court, Schwab seeks refunds on livan Papain Block McGrath & mistic conclusions, the litigation Health and Compensation Act. But $1.4 billion worth of securities.It says 49% of the loans it acquired from Citi Cannavo in Manhattan. “The reso- floodgates opened. the passage of that act is uncertain.Ⅲ contained “untrue or misleading statements.” The broker alleges that the banks failed to disclose how far they deviated from their internal lending standards to create the mortgages they sold and also neglected to give key information, such as how many borrowers were actually residing in the homes. Citi pointed to language in its regulatory filing observing that the litigation is in the “preliminary stages”and declined to comment further.The bank has set aside about $1 billion to cover mortgage repurchase costs. Compass Point Research & Trading,a Washington research firm,estimates Citi could be on the hook to buy back $8 billion in mortgages. Both heavyweights have prominent advisers in their corners. Citi is represented by Richard Seabolt, a prominent California litigator. Schwab has David Grais,a Manhattan attorney whom American Banker calls the mortgage industry’s “new nemesis.” A new world view for accounting

WHAT THE WORLD really needs is will result in weaker rules than cur- peace, love and international ac- rently exist in the U.S.—and less counting understanding. useful information for investors. So says Tom Jones, a former vice But Mr. Jones pointed out in his chairman at the International Ac- speech that the U.S. isn’t in the po- counting Standards Board, who is sition to call the shots, as it had in now a Pace University professor with the past. He estimated that this a passion for what the bookkeeping country is presently home to 30% of world calls “convergence.” all capital markets activity, down “Global markets need global ac- from half a decade ago. At the same counting,”he said at a speech last week time, he aimed to assure that inter- before the New York State Society of Cer- national standards, which are broad tified Public Accountants. and “principles-based,”can be just as That sounds like a useful idea, tough as our reams of detailed rules but the idea of merging U.S. ac- and interpretations. counting rules with the ones used For what it’s worth, accounting overseas has made accountants spin rule changes are made at a pace best like whirling dervishes for years. described as glacial.It will be years be- There are ample concerns that using fore we know if the U.S. has kept its a single set of accounting standards place as king of the accounting hill. Ⅲ

THE AVERAGE WEEKLY WAGE for people who work in “financial activities,” according to the $1,009.73 U.S. Labor Department. Interestingly, people who work for utilities earn 40% more on average.

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NEW YORK,NEW YORK edited by Valerie Block

Culture’s hefty bottom line INCOLN CENTER treats New Yorkers to a Lcultural bonanza each year, from the Mostly Mozart festival to the Nutcracker. It also generates $3.4 billion a year of economic activity for the metropolitan area, according to a report to be released by the performing arts center this week. The first economic impact study undertaken by the institution in more than five years includes data on such recent ventures as Fashion Week, the David Rubenstein Atrium buck ennis and Lincoln Restaurant.The newcomers are on track to have a total impact of $400 million annually. The center’s 5 million annual visitors generate $660 million in economic activity each year, according to the report. Its 12 resident organizations, including the New York City Opera and the Juilliard School, employ 9,000 people and enroll more than 2,000 students annually. Even the complex’s $1.2 billion redesign, which is 90% completed, has provided a bang for the buck. Started four years ago, the reconstruction has contributed $240 million a year to the New York economy and created the equivalent of 1,000 full-time jobs, for a total of about $70 million in wages. Lincoln Center President Reynold Levy says he hopes the study will “call attention not only to Lincoln Center but to the economic power of the arts to generate all kinds of business activity.” now,” says Ken Podziba, chief which has Haute cuisine executive of Bike New York. been called for less dough Nonprofits have until Nov. 30 the Ferrari of to submit an application to Fitness, is WHO PAYS full price at restaurants participate in the program, which opening its first anymore? Discount sites like will be limited to 30 groups. Bike U.S. showroom Groupon, VillageVines and New York will make its selections next week at Restaurant.com—offering as by Dec. 7. 70 Greene St. much as 50% off meals—are Registration in SoHo. multiplying. for next year’s Founded Add the A.M. Club to tour, set for May in the 1980s the menu. The card, offered 1, opens in by engineer by Abigail Michaels February.Those Nerio Alessandri, Concierge, gives users a 15% signing up for the company discount at more than 100 the 42-mile ride makes high-end treadmills, cross- eateries, including The ‘21’ will be urged to trainers and contraptions like the Club, A Voce, Hill Country choose a charity Unica (above), which enables users and Le Cirque. For the past trattles dave that they can to do 25 different exercises without year, tenants in buildings with the promote to friends and family. having to change a single element. concierge service have been able Once the tour is sold out, bikers The sleekly designed to buy the card for $20, but now can buy an entry via one of the 30 equipment can be found in hotels, it’s being marketed to the general nonprofit partners health clubs and public for $50 a year. with a fundraising Olympics training Are restaurateurs still sweet on commitment. SHY centers, as well as in the dining deals? “They are a great Separately, Mr. AMERICANS the homes of such idea as long as they are [used] Podziba, who is the fitness-obsessed ACCORDING TO A occasionally and not constantly,” former NYC sports celebrities as George says chef David Burke, whose David commissioner, says new survey, U.S. Clooney and Madonna. Burke Townhouse accepts the he plans to raise women are among Prices for the A.M. Club card. awareness of the tour, the “least flirtatious” home versions of the which attracts some in the world. Top- Technogym line, such 32,000 participants, ranked Spanish as the Unica Bike tour rides by marketing it to women make 1.33 multipurpose trainer, into fundraising international tour female-to-male con- can top $6,000. Mr. operators. tacts per month, Alessandri will be on BIKE NEW YORK, which sponsors while American gals hand to welcome the TD Bank Five Boro Bike initiate just 0.63 such New York’s boldfaced Tour—the country’s largest biking Technogym interactions. and buff to the store’s event—is launching a charity hits SoHo 1 Spain gala opening next partnership program for the first 2 Poland Tuesday. SOMEBODY MUST time in the tour’s 34-year history. 19 “We want people to ride for a think the economy is U.S. Contributors: Lisa Ficken- purpose, and we think we can raise coming back: Italian 20 Ecuador scher, Matthew Flamm, significant money for the charities, exercise equipment Source: Badoo.com Adrianne Pasquarelli, many of which are hurting right giant Technogym, Miriam Kreinin Souccar

6 | Crain’s New York Business | November 8, 2010 201LibertyMualGop© . THERE ARE ALWAYS NEW ITEMS ON THE MENU HERE. MENU ON THE NEW ITEMS ALWAYS ARE THERE WE HELPED MAKE SURE ONE OF THEM ISN’T HEPATITIS A. MAKEWE HELPED SURE ONE OF THEM ISN’T HEPATITIS or visit libertymutualgroup.com/gl. AUTO LIABILITY COMMERCIAL COMPENSATION WORKERS PROPERTY made two calls. alertOne to the local health department, and the second alert helped identify to We us. patrons and recommended while putting proper treatment exposed the minds of those not exposed liability from the incident. the risk and our customer’s the disease spreading, This minimized of rest. to keeping responding quickly, it’s Whether its good reputation. chain protect Which helped the restaurant committed helping to we’re protocols, litigation stringent informed, or adhering to broker and your you or agent broker contact your more information, For our policy. That’s business. your protect you When a restaurant chain discovered one of its food servers one of A, Hepatitis contracted immediately chain discovered they When a restaurant Project7:fp template.qxd 11/2/10 12:08 PM Page 1 Page PM 12:08 11/2/10 template.qxd Project7:fp 20101108-A--0008-NAT-CCI-CN_-- 11/5/2010 8:06 PM Page 1

but what’s to stop it from reneging? Gov. David Paterson: He has a chance to leave a positive legacy Empire strikes out THE INSIDER and become the answer to the trivia question, “Who appointed Kirsten Continued from Page 1 Washington,because we have a dis- Gillibrand to the Senate?” eight Republicans (one upstate race is proportionate number of high earn- by Erik Engquist and Jeremy Smerd still undecided). All but two will be ers,” says Steven Malanga, a senior ... AND LOSERS freshmen competing for scraps in a fellow at the Manhattan Institute, a New York: It was no coincidence chamber where seniority is king. conservative think tank. His col- that the House’s health care reform “Losing so many senior members league E.J. McMahon has estimat- bill last winter was worth several from the majority ed that a two-year tax- billion dollars more to New York party certainly could cut extension would Winners, losers than the Senate’s version; the state have an impact on save New Yorkers $16 had 27 House majority members. New York state,” says billion in federal taxes Now, it will have at most eight and Matthew Dennis, an and deter tax-avoid- in Election 2010 New York City just one, Staten aide to Rep.Nita Lo- ance behavior that Island’s Rep.-elect Michael Grimm. wey, D-Westchester. would cost the state at WINNERS … undecided.The landlord group, led The mayor: Having Mayor “The only senior least $800 million and State Senate Republicans: The by President Steven Spinola, Michael Bloomberg’s support in member we will have the city $144 million GOP is on the verge of retaking the concerned itself less with New York was no help in close in the majority now is in income taxes. state Senate after losing control to candidates’ ideology than in past races. All told, Mr. Bloomberg Peter King.” The One unknown is the Democrats in 2008.Three races years, and instead picked batted .500 on his 12 state other New York Re- the power shift’s effect remain too close to call and will be individuals who are focused on endorsements. But in races in publican with any on Wall Street, which decided after officials count reducing taxes and spending. which endorsements actually House experience is accounts for 20% of absentee ballots, starting on REBNY’s contributions, which mattered, Mr. Bloomberg had one Western New York’s state tax revenue. Re- daily news daily Tuesday. But if the preliminary surpassed $3 million, went to both victory and six losses. Only Rep. first-termer Christo- NY’S MAIN MAN: Pete King publican candidates results hold, Republicans, who have Democrats and Republicans. Carolyn McCarthy, D-L.I., eked pher Lee. across the country used so far won 30 seats to the New York Hotel and Motel Trades out a win.The mayor’s Republican “There’s not a lot anti-Wall Street mes- Democrats’ 29, will pick up two Council: Endorsing and turning out candidates for attorney general and of good that’s going to come of it,” sages to get elected, and public senti- more by knocking off Democratic votes for Mr. Cuomo certainly comptroller both lost. And two of Rep. Anthony Weiner, a six-term ment against New York bankers re- incumbents. helped the union get the governor- his choices for state Senate appear Democrat who represents Queens mains decidedly negative. On the Business Council of New York State: elect’s attention, if not any specific destined for defeat. Mr. Bloomberg and Brooklyn,says of the power shift. other hand,the new GOP leadership In its first year of endorsing promises. Moreover, its efforts fared better nationally, where eight Freshmen, he notes, typically can do raised a lot of money from the Street candidates, the organization backed helped down-ballot Democrats who of his 13 picks won. little besides fund a few projects in and has talked of rolling back some of Andrew Cuomo for governor and a could prove crucial to the union’s Teachers unions: They withheld their districts. And even that might the regulations imposed on it. cadre of state Senate Republicans. legislative priorities. In two toss-up support from Mr. Cuomo rather not be possible if the new leadership The council will have a greater say races, Hotel Trades backed winners than sign on to his agenda, only to ends earmarks as promised. Reading the cards for Wall Street in legislation and a more potent state Sen. Eric Schneiderman for see him romp to victory without The big money, though, is in fed- “I DON’T KNOW where this Congress is voice to hold its endorsees to their attorney general and Thomas them. eral aid packages. Democrats, for ex- going in that respect,” says Mr. promises of no new taxes. DiNapoli for comptroller. Sen. Charles Schumer: The robust ample, designed the stimulus bill to Malanga. “We need to watch that The Real Estate Board of New York: Working Families Party: Mr. Democratic majority that he send more money to urban hospitals, carefully, because Wall Street is the Of the 69 state legislative Cuomo’s acceptance of the WFP helped build in the U.S. Senate is benefiting New York. The city could goose that lays golden eggs.” candidates who received donations line ensured the left-wing party’s all but gone—as is his shot at the also get substantially less money in The consequences for health care from the Real Estate Board of New place on the ballot for the next four majority leadership, since Senate House appropriation bills—which funding are also uncertain. The Re- York, 57 have won, according to the years.The WFP allegedly signed Majority Leader Harry Reid won can approach half a trillion dollars— publicans have pledged to try to re- group, with two Senate races still on to his conservative fiscal agenda, re-election in Nevada. because the Republicans who will en- peal the health care reform law, but gineer them don’t represent districts initially will try to chip away at it.The with mass-transit systems. reform package will save the state Democrats, including Jerrold money,according to Paterson admin- Nadler of Manhattan, the senior istration officials,so changes could be Northeast member on the House costly for New York. Transportation and Infrastructure If House Republicans support CALL FOR Committee,had changed the formu- legislation that allows New York to la in the six-year, $500 billion trans- move its most expensive Medicaid portation bill to shift money from patients into managed care, as Gov.- highways to mass transit. But the bill elect Andrew Cuomo plans to re- NOMINATIONS was shelved at the Obama adminis- quest, the state could realize signifi- tration’s request, and by the time the cant savings. House gets to it,the Republicans will The elections will cost a bevy of be in charge and will reduce it sub- New York Democrats their posts. stantially. Ms. Lowey and José Serrano of the Long Island’s Mr. King, an 18- Bronx will no longer be rainmakers year member who is likely to become on the Appropriations Committee, chairman of the Homeland Security and Nydia Velázquez of Brooklyn Committee, would be positioned to will lose the chairmanship of the maintain or increase New York’s anti- Small Business Committee. Rep. terrorism funding. But the new Re- Charles Rangel has lost all hope of republicans all campaigned against fed- claiming his Ways and Means Com- eral spending. “New York is harmed mittee chairmanship. Others who by profligacy at the state level and the were moving up the ranks of power- federal level,” says Nan Hayworth, ful committees are now that much NOMINATE A CRAIN’S 40 UNDER 40 who will represent Westchester farther from heading them: Carolyn County come January.“We shouldn’t Maloney on Financial Services, Mr. Do you know someone who is young, driven and making their mark in business in New York? use federal dollars to fund bad budg- Nadler on Judiciary and Transporta- Crain’s is now taking nominations for our annual 40 Under 40 issue where our editors select et decisions by New York state.” tion,and Gary Ackerman on Foreign The Republican triumph could Affairs, for example. and profile 40 rising stars from New York across a multitude of industries. Nominate your have some silver linings for New Inevitably, some Democratic star today by logging on to www.crainsnewyork.com/nominate. York, including that it makes an ex- representatives will resign rather tension of the Bush tax cuts on than continue in the minority. The Nominees must be under the age of 40 on the publication date, March 28, 2011. household income above $250,000 most likely to quit in New York may Nominations close Dec 3, 2010. more likely. be Edolphus Towns, the outgoing “If Washington preserves those chairman of the Oversight and In- tax cuts,we will keep billions of dol- vestigations Committee. That NOMINATE NOW AT lars of income here in New York would cost his Brooklyn district 28 state rather than seeing it go to years of seniority. Ⅲ www.crainsnewyork.com/nominate For daily political and government news, subscribe to CRAIN’S INSIDER @ www.crainsnewyork.com/insider

8 | Crain’s New York Business | November 8, 2010 CN014066 11/4/10 12:26 PM Page 1 20101108-A--0010-NAT-CCI-CN_-- 11/5/2010 1:48 PM Page 1

VIEWPOINT The ball is in the GOP’s court editor in chief Rance Crain Jill R. Kaplan DAY AFTER the sweeping Republican Reagan, told Politico.com last week, “There’s a window of publisher, vp victories in last week’s House races, the six to nine months where serious governing can take place EDITORIAL editor Xana Antunes Federal Reserve decided to inject $600 before people start looking at the [2012] primaries.” managing editor Glenn Coleman billion into the banking system. What a sad commentary—it’s taken for granted that deputy managing editors Valerie Block, Erik Ipsen Economists say the move could trigger elected officials spend as little as 25% of their time contributing editors some unwelcome side effects but was governing and the rest in campaign mode. No wonder Elizabeth MacBride, Elaine Pofeldt columnists Greg David, Alair Townsend necessitated by Congress’ refusal to put most voters stayed home on Election Day and, according politics editor Erik Engquist money more directly into consumers’ hands. to exit polls, many voted unenthusiastically for candidates pulse editor Barbara Benson senior reporters Theresa Agovino, The Fed seems to believe that Congress puts politics they considered to be the lesser of two evils. Aaron Elstein, Lisa Fickenscher, A Matthew Flamm, Miriam Kreinin Souccar before economics and, with power split between the two The Republican gains reinforced the notion that out-of- reporters Marine Cole, Amanda Fung, parties, is consigned to a stalemate. It’s a reasonable power lawmakers Daniel Massey, Adrianne Pasquarelli, conclusion, given that no major piece of compromise should stop governing Hilary Potkewitz, Jeremy Smerd The underlying art director Steven Krupinski legislation has passed since the Clinton administration. and pin the problems of deputy art directors Carolyn McClain, Daniel Mednick Americans’ top three priorities today are jobs, jobs and dysfunction in the day on the majority staff photographer Buck Ennis jobs, yet experts predict that the divided Congress will party. Health care copy desk chief Wendy Zuckerman Washington copy editor Thaddeus Rutkowski merely tinker around the edges—tweak the health care law, premiums are rising? research editor Denise Southwood editorial interns Brian Chappatta, extend the Bush tax cuts, maybe pass more incentives for is worsening Blame Obamacare (and David Montalvo, Laura Mortkowitz, Suzanne Panara employers to hire. But tax credits won’t inspire businesses to omit that costs have www.crainsnewyork.com senior producer Elisabeth Butler Cordova expand if consumers’ confidence is shot. Sunken home been surging for years). producer Kira Bindrim values and job insecurity have rendered untenable the debt Unemployment is that working Americans ran up during two decades of wage high? Assail the deficit EDITORIAL AND ADVERTISING OFFICES 711 Third Ave., New York, NY 10017-5806 stagnation.The economy needs both a quick jolt and a and declare that stimulus did not create a single job. editorial: 212.210.0277 Fax 212.210.0799 advertising: 212.210.0259 gradual restructuring. Republicans used to press for Medicare savings and Cable craincom nyk Republicans view the election results as a repudiation of support stimulus during recessions. For political reasons, the Fax 212.210.0499 Entire contents ©copyright 2010 Crain Democrats’ performance. Democrats call it a standard GOP has reversed itself on both issues, and Democrats are Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP rebuke to the party presiding over an economic slump. afraid to speak about them. It’s no surprise that voters are Inc., used under license agreement. While both sides may be right, the mandate Republicans see divided and disillusioned. is murky, because only 41% of the electorate voted (down The new Congress must abandon its rhetoric and focus TO SUBSCRIBE: Call 888.909.9111; fax 313.446.6777. from 62% in 2008) and the GOP platform lacks specifics. on solutions, as it did in the second half of Bill Clinton’s first $3.00 a copy, $59.79 one year, $109.79 two years. www.crainsnewyork.com Moreover, the underlying dysfunction in Washington is term. As it happened, economic growth and budget worsening. Political gamesmanship rather than surpluses ensued.That it led to the re-election of a ADVERTISING AND MARKETING policymaking now takes up the bulk of lawmakers’ time. As Democratic president should not discourage the resurgent advertising director Trish Henry senior account managers Ken Duberstein, former chief of staff to President Ronald GOP from doing what’s right for America today. Irene Bar-Am, Courtney McCombs, William E. Squitieri account executive Anthony Mowad sales manager, classified print & online John Gallagher sales coordinator, print & online Lulé Haznedari CRAIN’S ONLINE POLL COMMENTS newsletter product manager Alexis Sinclair credit Todd J. Masura 313.446.6097 SHOULD VOTERS KNOW marketing director Amy Crossman assistant marketing manager WHO’S PAYING FOR Sabra Harrison Hitting election jackpot director, audience development CAMPAIGN ADS? John LaMarca THE WRITE-IN STUFF There’s more to my pre- and postsurgical senior audience development manager Date of poll: Nov. 2 breasts than that. The tissue and ducts and Tarek Cotran 216 votes “CLEAN UP ALBANY” is the often-used catch- (real) nipples which nursed my babies are gone general manager, interactive phrase associated with this year’s election. But forever. The changed appearance, scars, numb- Marc Minardo Yes. The I was not happy with the choices of Brooklyn’s ness are forever. I am grateful every day for my web developer, interactive . 88% campaign finance Democratic and Republican parties in the compassionate and skilled surgeons, and that Chris O’Donnell rules struck down 27th Senate District, which must have a neither ever referred to my breasts that way. this year by the scarcity of viable, talented candidates. And I —maria friel NEW YORK PRODUCTION

Supreme Court knew nothing about the lone, teenage Conser- production and pre-press director were intended to 12%. vative Party candidate. Michael Corsi keep special SHELVE THIS SUPERMARKET BUYOUT advertising production manager interests and However, upon being presented the ballot at Suzanne Fleischman Wies lobbyists from my polling location, I found the chance to vote THE ITEM reporting that supermarket magnate having a No. The First Amendment for the perfect choice: myself! This year’s new John Catsimatidis is flirting with buying PUBLISHED BY CRAIN COMMUNICATIONS INC. disproportionate is the First Amendment. ballot offered an opportunity to easily write in Food Emporium (Oct. 18) gives me the chairman Keith E. Crain influence on Voters should learn to do candidates. It is the political version of a multi- shudders. His Gristedes chain is a low-class, president Rance Crain voters. their own homework. secretary Merrilee Crain million-dollar New York State Lottery dream. high-priced disaster. Food Emporium’s stores treasurer Mary Kay Crain —ed jaworski are like museums in comparison. Such a executive vp, operations William Morrow President transfer would impact on those neighborhoods senior vp, group publisher Gloria Scoby Madison-Marine-Homecrest Civic Association where both chains exist, but Gristedes is not a group vp, technology, circulation, manufacturing Robert C. Adams viable option. vice president/production & MORE THAN ‘A SKIN APPENDAGE’ —alfred j. lurie manufacturing David Kamis chief information officer Paul Dalpiaz REGARDING DR. ANDREW KORNSTEIN’S com- corporate circulation/audience development director Kathy Henry ment that “the breast is basically just a skin ap- CRAIN’S WELCOMES SUBMISSIONS to its opinion founder G.D. Crain Jr. (1885-1973) dollarartist.com pendage” (“Mastectomies check out of the pages. Send letters to [email protected]. Mrs. G.D. Crain Jr. For this week’s questions: Go to hospital,” Oct. 25): Really? Send columns of 475 words or fewer to chairman (1911-1996) www.crainsnewyork.com/poll to have your say. With all due respect, I have had bilateral [email protected]. Please include the writer’s mastectomies followed by reconstruction. name, company, address and telephone number.

10 | Crain’s New York Business | November 8, 2010 20101108-A--0011-NAT-CCI-CN_-- 11/4/2010 8:46 PM Page 1

OPINION

Experts give their recommendations for Governor-elect Andrew Cuomo and legislators—from taking on big-spending special interests to tackling Albany’s ethics morass—that will make New York state a competitive leader

STATE BUDGET atively low property tax rates. Aid to THE ECONOMY and less costly to oper- these districts should be eliminated. ate here without harm- Increases in Medicaid payments ing the public interest. Fill the gaps: to hospitals and some other Mandate, These ideas should be End protected providers were suspended this year, legislate to grow collected and reviewed curbing inflation in the program’s al- by a gubernatorial ad- overspending ready-high rates, but other large ele- jobs, investment visory commission to ments of Medicaid remain virtually determine which are untouched. Spending on the elderly appropriate and ac- BY CAROL KELLERMAN and disabled in New York, including BY KATHRYN WYLDE tionable. the cost of nursing homes and in- The new governor N FEB. 1, a scant four weeks home care, accounts for 72% of total OBS AND ECONOMIC GROWTH should work with lead- after taking office, the new Medicaid expenses and is nearly must be the top priorities for ers in Albany to insti- Ogovernor must send the Leg- twice the U.S. average per enrollee. JNew York’s incoming governor. tute a process whereby islature a budget that closes a $9 bil- Greater fiscal discipline is needed. As budget realities force the every proposed legisla- lion gap. With federal stimulus aid New York’s public employees state to reduce its payroll and expen- tive action is examined and the personal income tax sur- have far more generous fringe ben- ditures, jobs will have to come from for its impact on jobs charge expiring in 2011,the gap will efits than most private-sector em- a growing private sector, largely in- and economic growth. jump to $14.6 billion in 2012. ployees, as well as public-sector dependent of direct subsidies from In addition, the To deal with these shortfalls, the workers in other states. Public em- the government. governor should maxi- governor will need to take on en- ployee union leadership has refused To inspire confidence among mize use of the state’s trenched interests which fiercely to make concessions to adjust to new businesses and investors that New new economic devel- protect spending that is well above fiscal realities. Since contracts will York state has a future as a great opment tool, the Ex- national norms in the three areas expire on March 31, 2011, savings commercial center, the state will celsior Jobs Program, that absorb two-thirds of state rev- should be negotiated. have to think and act very different- and be the state’s enue: school aid, Medicaid and em- For two years, state leaders have ly. Economic development can no biggest cheerleader ployee compensation. eschewed the restructuring oppor- longer simply be about handing out when it comes to at-

School aid was temporarily re- tunities that temporary federal aid grants or incentives, which allows buck ennis tracting new invest- duced this year,but the formulas used provided.Time is up. New York can employers to ignore our high-cost, ment to New York. to allocate it have not been reformed. no longer afford to be an off-the- high-tax environment. tive reforms that streamline the The governor also can use his con- More than $650 million in state tax charts spending outlier in these “big To start with, the new governor process of starting and operating a vening powers to promote public- dollars now go to the wealthiest three” areas. needs to provide strong, outspoken business in the state. The Legisla- private partnerships that accelerate school districts,which can raise more leadership.Agencies and authorities ture must be inspired to follow suit. infrastructure investment and bring than the national average per pupil Carol Kellerman is president of the Citizens must be challenged to identify and Every industry has a laundry list together the state’s research univer- on their own, while maintaining rel- Budget Commission. carry out regulatory and administra- of wishes that would make it easier See OPINION on Page 12

more political or more obsessed with Albany maneuvering than the Why Cuomo can man who was an enforcer for the last Gov. Cuomo. He has known that Mr. Silver would be a roadblock since he decided to run. I think Mr. quiet the doubters Cuomo has figured out how to out- maneuver him. He’s not sharing NDREW CUOMO that with us or the speaker, but the had barely walked off the stage after ability to enact spending cuts OUR CLIENTS’ claiming victory in his campaign for governor last through budget extensions is a pow- week when the doubters began their whispering. erful tool. SUCCESS IS He’ll never be able to enact far-reaching ethics The Senate Republicans have little choice but to cooperate. Mr. reform and budget cuts, say the cynics, even Skelos has said he represents a new OUR SUCCESS Athough most of them support his ideas. His landslide won’t be Republican caucus, one that is com- seen as a mandate,because his victory is tarnished by Carl Pal- mitted to spending cuts,no new tax- adino’s weakness as an opponent and Mr.Cuomo’s own above- es and reform, unlike the free- spending Bruno Republicans, who were union allies. The national Re- the-fray campaign.Leg- nor-elect can succeed. publican landslide shows what vot- islators will be embold- He does have the ers think of politicians—Democrats ened by the victories of foundation of a man- and Barack Obama—who promise traditional Democrats date. The ouster of in- one thing and do another. Not go- Some say success is found. in the attorney general cumbent senators in ing along with Mr. Paterson, an in- Charles Weinstein, CPA and comptroller races, both parties shows vot- effective lame duck, is one thing; re- At EisnerAmper, we know Chief Executive Officer and will conclude that er anger, as do the peating that approach with Andrew success is made. 212.949.8700 they can resist the gov- sweeping Republican Cuomo is much riskier. Howard Cohen, CPA ernor without conse- gains in New York con- Personally, I see no point in de- With nearly 1,200 professionals, Chairman 732.287.1000 quence. Assembly gressional races. Mr. spair.It has taken enormous effort to EisnerAmper lends our talent Speaker Sheldon Sil- Cuomo can build on get this far in the crusade for reforms www.eisneramper.com ver, who has opposed GREG that by splitting the la- and elect a governor who is commit- and resources to help clients the entire Cuomo DAVID bor movement and en- ted to an extensive list of changes succeed every day. agenda in the past, will listing private-sector long sought by good-government

defeat him, just as he unions, whose mem- and business leaders.Senate Repub- EisnerAmper LLP bested Eliot Spitzer. Republican bers are as angry as everyone else licans’shift in rhetoric is itself an ac- Accountants & Advisors Eisner LLP and Amper, Politziner & Mattia, and likely Senate Majority Leader about the demands of public-sector complishment. LLP have combined their accounting, tax and Dean Skelos obstructed David Pa- workers. He can hit the road to Never has more momentum ex- advisory services practices. terson and will continue to be unco- build public support for his efforts. isted for the Cuomo agenda. The New York New Jersey Pennsylvania Cayman Islands Independent Member of PKF International operative. Of all people, Mr. Cuomo has change New Yorkers voted for can Here are three reasons the gover- studied Speaker Silver. No one is be enacted.

November 8, 2010 | Crain’s New York Business | 11 20101108-A--0011,0012-NAT-CCI-CN_-- 11/5/2010 12:25 PM Page 2

OPINION

sities and industry leaders to foster public charter schools, like Harlem coming governor can take the first new business ventures statewide. Success Academy, the KIPP net- step by ordering new,tougher ethics In 2011,the governor must focus work and Democracy Prep.They are requirements and training for the on promoting economic growth and proving that low-income students executive branch. Then he must private-sector job creation by work- can achieve top scores in reading push the Legislature to act. ing to address the obstacles that and math, even when their peers New Yorkers are sick of what hold New York back. around the state are struggling. they’ve seen in Albany. Job One in Charters that are soaring with a 2011 is ensuring that Albany is Kathryn Wylde is president and chief execu- little bit of freedom from state and viewed as a model of ethical behav- tive of the Partnership for New York City. district red tape should be allowed ior, not a punch line. even more flexibility, so that they can drive the kind of innovation that Blair Horner is legislative director of the HEALTH CARE Mr. Cuomo will need to point to in New York Public Interest Research Group. order to show that he is the education governor. Regain control INFRASTRUCTURE Joe Williams is executive director of of state’s system Democrats for Education Reform. on 4 key fronts Resist cutbacks ETHICS and pursue BY STEPHEN BERGER buck ennis critical projects HE MOST DIFFICULT and com- for them and only them; it does not must also provide local governments Stop scandals plex area facing the new ad- serve patients, providers or insurers. and school districts with the tools to BY RICHARD T. ANDERSON ministration is health care. reduce spending, by relieving them via independent T N TIMES There are four major battlefields Stephen Berger, chairman of Odyssey of costly mandates and by lowering oversight of budgetary distress, that have to be attacked simultane- Investment Partners, headed the state’s expenses through consolidation. elected officials often forgo ously, each of which is strewn with Commission on Health Care Facilities in To make New York competitive long-term infrastructure invest- BY BLAIR HORNER I land mines. the 21st Century. again, our property tax burden must ment in order to preserve the oper- First, the state has to imple- be brought in line with that of oth- ating budget. Governor-elect An- ment the new health care reform er states. HE STATE CAPITOL has experi- drew Cuomo and state legislators, law.Doing so will require putting in FISCAL POLICY enced the political equivalent who are facing annual budget place new insurance structures, pro- Kenneth Adams is president and chief Tof a crime wave. Former state deficits of up to $10 billion,must re- cedures and practices that both meet executive of The Business Council of Comptroller Alan Hevesi pleaded sist the temptation to curtail invest- federal guidelines and are appropri- Full overhaul New York State. guilty to two felonies,one stemming ment in the physical structures that ate for New York. These programs from a “pay-to-play” scheme that are critical to economic growth and have to be up and running for test- must lift onus enriched him personally and politi- regional mobility. ing purposes by mid-2013.In effect, of property taxes EDUCATION cally; former Gov. Eliot Spitzer re- What must they do? Above all, that is tomorrow. signed after getting caught with they will need to plug a $10 billion The new administration should prostitutes; and former Senate Ma- gap in the Metropolitan Trans- create a high-level direct appointee BY KENNETH ADAMS Lead city, U.S. jority Leader Joseph Bruno was portation Authority’s capital bud- to the governor who will have con- convicted of violating the federal get.That money is crucial to contin- trol over both the Insurance and XCESSIVE government spend- with efficiencies, “theft of honest services” law. uing the Second Avenue Subway Health departments,negotiate with ing and the suffocating taxes success stories In addition, numerous legisla- project and assuring that the exist- insurance providers, act as a bridge Elevied to pay for it have creat- tors—including Diane Gordon, ing system remains reliable. To ac- to the health care industry, and per- ed a hostile business climate in New Brian McLaughlin, Anthony Sem- complish this,they will need to con- suade the Legislature to act quickly. York that impedes economic re- BY JOE WILLIAMS inerio and Guy Velella—have gone tinue the regional mobility tax and (Is Moses available?) covery. Late last month, the Tax to jail for corruption, and Gov. consider new revenue sources. Second, the state must gain Foundation reported that New York OVERNOR-ELECT Andrew David Paterson violated the ethics Similarly, the governor-elect, control over unsustainable Medic- has the worst tax climate in the en- Cuomo inherits a public ed- law and is facing criminal prosecu- working with the Legislature, must aid costs, or we will further cripple tire country.It will be impossible for Gucation budget that simply tion for allegedly lying under oath. devote adequate financing for the New York’s financial condition.Our the new governor to lead an eco- cannot sustain itself.The cost of ed- And that doesn’t include the sit- state’s vast network of roads, hospital system remains overbed- nomic recovery for the state as long ucating the state’s K-12 schoolchild- ting lawmakers—state Sen. Pedro bridges and tunnels.The funds cur- ded, the multiple at-home services as Albany creates such inhospitable ren continues to rise at levels that will Espada, for example—who are fac- rently committed to the state De- paid for by Medicaid are wildly out conditions. force some extremely tough deci- ing scrutiny for alleged misconduct. partment of Transportation’s capi- of proportion to costs anywhere else Our state’s economic challenges sions in Albany and at the local level. Albany’s scandals stem from one tal program are not sufficient to in the country,and institutional net- are so great that typical government Mr. Cuomo can emerge as the core problem: a lack of independent maintain the status quo, let alone works for long-term care need re- solutions—retooling incentive pro- strong leader that the state needs in ethics oversight. Why else would address long-standing problems. structuring. Medicaid has been grams and advancing piecemeal re- this area—and at the same time be- Albany’s disgraced officials think State government also must strive largely politically untouchable be- forms—won’t work.Instead,the so- come a leading national voice for ed- they could get away with their an- to ensure that the Port Authority cause it has become a program of en- lution must come in the form of a ucation reform—if he focuses ag- tics? They believed that no one was and other agencies can continue to titlements. That has to change. major fiscal overhaul that improves gressively on two areas. watching, and for a time, they were invest as needed in New York’s cap- Third, we have to face the re- the overall business climate, a large- First, he must become the right. ital facilities. ality that our extraordinarily expen- scale reform that lower the obstacles standard-bearer for innovations that Here’s what the state needs in or- In addition,Mr.Cuomo needs to sive health care system is in many ar- to private-sector investment and job drive greater efficiencies in schools der to clean up the mess: work with the state Senate and As- eas only mediocre. We should not creation and make New York com- and classrooms. His challenge will A truly independent ethics sembly to fully fund the capital re- lose the opportunity to redirect the petitive again. be convincing the public that we can watchdog.To be “independent,”this quests of New York’s public univer- dollars we spend, putting them to- Perhaps the most important make better use of existing educa- ethics board must exclude lobbyists, sities.This is critical to assuring that ward preventive-care initiatives change, and one that must be enact- tion dollars. Bureaucracies must be lawmakers, government contractors the SUNY and CUNY systems are built on primary care networks and ed as soon as possible, is a property slashed,technologies will need to be and political cronies. The executive able to compete for and retain the supported by a quality electronic in- tax cap with local mandate relief. enhanced and old-school union director must be insulated from po- best and brightest students. formation system. New York’s property taxes are work rules will have to be changed. litical pressure. For inspiration, Mr. Cuomo can This means changing reim- 59% above the national average.Ac- (The $100 million that New York Comprehensive disclosure re- look to New York City. Although bursement policies, which requires cording to the U.S. Census Bureau, City spends each year on teachers quirements regarding lawmakers’ the city has faced its own budget taking dollars away from unreason- 10 of the highest-taxed counties in who don’t teach is the kind of ele- outside businesses, coupled with deficits,Mayor Michael Bloomberg ably expensive procedures and the country (when taxes are meas- phant in the room that Mr. Cuomo tough standards outlining ethical and the City Council have managed spending the money on keeping ured as a percentage of property val- won’t have the luxury of ignoring.) behavior. to maintain their collective commit- people healthy. Unfortunately, re- ue) are in upstate New York. Prop- Yes, there will be fierce resist- Real limits on campaign do- ment to public schools, roads, imbursement decisions are made in erty taxes, by far the largest ance, but the new governor under- nations from lobbyists and govern- bridges, water treatment facilities the Legislature. That has to be nonfederal tax in New York,must be stands how serious the financial side ment contractors. Decisions about and other vital infrastructure. All changed. capped and eventually lowered. of the education equation has be- issues that legislators face should be told, the city will invest $9 billion Finally, the administration The huge property tax burden come. made on the merits, not on the po- this year in an effort to build a bet- must have the fortitude to reform falls heavily on businesses. Outside Second, Mr. Cuomo must litical benefits. ter New York. medical malpractice in New York. of New York City, business pays build upon the growing number of It’s easy to write a bill that out- Trial lawyers’ death grip on this is- 40% of the state’s property tax levy. success stories in public education— lines such improvements, but much Richard T.Anderson is president of the New sue has created a system that works To make a cap work, the state particularly the highest-performing harder to implement them. The in- York Building Congress.

12 | Crain’s New York Business | November 8, 2010 Project6:fp template.qxd 11/2/10 12:07 PM Page 1

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REAL ESTATE DEALS PLUS

Stones,the Village People and many terms in the transaction. others, signed a lease for 36,800 DeWitt Stern offers insurance SHOPPING SPREE Early renewals square feet at 420 Lexington Ave., and risk management services in ar- Vacancy rates for New York City where it has been for nearly 30 years. eas ranging from business insurance The asking rent wasn’t disclosed, to employee benefits and fine arts. retail space could pose risks but average asking rents in the Class It insures music tours, theatrical A building are around $50 per productions and art exhibitions. square foot, according to CoStar The company also has offices in HIS YEAR’S dramatic 50% surge in leasing from the Group. Chicago, San Francisco and Los severely depressed levels of 2009 has made The firm renewed its lease for Angeles. brokers giddy.The downside is that a notable 25,000 square The 1.24 million-square-foot, feet on a por- 31-story Graybar Building, which T portion of this year’s activity was tied to early tion of the 27th was built in 1927 and is adjacent to renewals by tenants such as Katz Media, which floor and will Grand Central Terminal, is located inked a 200,000-square-foot deal, and WPIX, which leased add close to between East 43rd and East 44th 12,000 square streets. 104,000 square feet. Such tenants are renewing their leases early feet on a por- —marine cole to take advantage of rents that have nose-dived since 2007. tion of the 26th Source: CoStar Property floor. A stair- The question that has plagued ly if possible, especially if rents start way will be cre- Apartment building brokers is whether those renewals to rise consistently. ated to link the goes on block Secured, which is handling the sale. are the real estate equivalent of robbing “It is smart to renew early,if your Graybar Building two floors. Some experts believe that de- Peter to pay Paul. Some observers are landlord will let you,” he says. “Their busi- the related companies is selling mand will be strong for the 265-unit worried that the early deals cut this Mr. Sammons doesn’t expect the ness lines are doing well,” says Eric The Sagamore, a 265-unit luxury building, which has about 8,000 year could deflate activity in 2011 trend to hurt the industry going for- Reimer of Jones Lang LaSalle, who high-rise rental apartment building square feet of retail space and 85 and 2012. ward, unless growth in office em- with colleague Chris Kraus worked on 189 W. 89th St. that it built in parking spaces.Some suggested that Robert Sammons, a vice presi- ployment fails to materialize in the on the deal on behalf of the tenant. 1999. the building could fetch more than dent at Cassidy Turley, says he ex- next couple of years. “They felt comfortable expanding.” The sale comes as occupancy lev- $500,000 per unit, or about $130 pects firms to continue to renew ear- —theresa agovino SL Green Realty, the landlord, els are improving, rents are bounc- million. was represented in-house by Larry ing back and banks are willing to After falling during the reces- Swiger. finance the purchase of well-estab- sion, the median figure for all rents is expanding its New York headquar- Mr.Reimer says that although the lished properties. in Manhattan grew 1.7% in the Longtime Graybar ters and took on another 15 years in company has been adding employ- “We are selling into the teeth of third quarter of this year versus the tenant ups ante that signature office tower. ees, that wasn’t the primary driver a strengthening capital market for corresponding period in 2009, to The insurance brokerage and behind the expansion.“It’s better ef- well-located,well-constructed prop- $3,000 a month, according to Pru- DEWITT STERN GROUP,one of the old- risk management firm, which has ficiencies,” he says, noting that SL erties,” says Douglas Harmon, a dential Douglas Elliman. est tenants in the Graybar Building, insured concerts of the Rolling Green also offered very competitive senior managing director of Eastdil —theresa agovino

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14 | Crain’s New York Business | November 8, 2010 20101108-A--0015-NAT-CCI-CN_-- 11/4/2010 7:41 PM Page 1

NEIGHBORHOOD JOURNAL

booked solid through March 2011. Eateries become B’klyn drawing cards “We’re in the middle of an area that’s being developed,and there are not many people living here,” Mr. housing and retail development, Issa says. “But people will travel for Zagat and Michelin and a burgeoning arts and culture good food.” raves entice diners scene, national and even interna- Bobby Daquara has made the tional interest in Brooklyn-based same discovery. The co-owner of from around nation; eateries is soaring, drawing waves of Greenhouse Cafe in Bay Ridge has arts scene provides lift new visitors to neighborhoods from registered a marked increase in the Bay Ridge to Vinegar Hill. number of diners streaming in from The borough has reached a “culi- outside the neighborhood. That’s BY KERRI MACDONALD nary tipping point,’’says Tim Zagat, no mean feat, given that the eatery co-founder and chief executive of is located at the third-to-last stop in N SPRING 2009, César Rami- Zagat Survey. “Tourists—if they Brooklyn on the R train. rez, a veteran of several Man- care about food—they’re talking “A chef that’s got anything going hattan eateries, packed his about going to Brooklyn.’’ on can bring people into Brooklyn,” things and crossed the river. Mr. Daquara says. A bumper crop

That’s how the 2011 cafe greenhouse To help make that happen,he has IMichelin Guide for New York de- AS PROOF of the borough’s ascenden- BRINGING HOME THE BACON: Greenhouse Cafe in Bay Ridge, deep into Brooklyn, is seeing more participated in NYC Restaurant scribes the birth of Chef ’s Table at cy, the 2011 Zagat Survey includes diners from beyond the ’hood. During Restaurant Week, it gets calls from folks in other states. Week—an event promoted by the Brooklyn Fare, the first Brooklyn 223 Brooklyn restaurants. That is city’s tourism arm,NYC & Compa- restaurant to receive the guide’s cov- nearly as many as the 250 city eater- ny—in each of the past five years. eted two-star rating. The honor ies outside of Manhattan that the making it one of only 10 in the en- as “the kind of experience that epit- “We get phone calls from other makes the Boerum Hill location, guide listed in 2004. More impor- tire city to achieve that rank. In fact, omizes Brooklyn’s blazing new cul- states,” Mr. Daquara says. “People where Mr. Ramirez is head chef, the tant, in the current listings, Brook- until this year, Michelin gave ture scene.” go to NYC & Company’s website, city’s highest-rated eatery outside of lyn eateries posted top ratings in Brooklyn just two stars in total: one and they see what’s going on.” Manhattan. eight categories: barbecue, Chinese, for Saul Restaurant in Boerum Hill International attention While Brooklyn remains far be- “Most people who are really into deli, Middle Eastern, pizza, South- and another for Williamsburg’s Pe- THAT KIND OF WRITE-UP is turning hind Manhattan as a draw for din- food focus on Manhattan,” says ern, steak and Turkish. ter Luger Steak House. Both of heads around the world.Mr.Issa es- ers, there’s no doubt that it’s gaining Moe Issa, co-owner of the prix-fixe In another telling sign, Zagat them won single stars again this timates that 80% of the calls to his on its rival,especially among trendi- restaurant, which is situated above added a 112-page Brooklyn restau- year, as did 41 others in the city, in- restaurant in recent weeks have er patrons. the Hoyt-Schermerhorn subway rant guide to its list of publications cluding two other Brooklynites: come from outside the United “There are a lot of places in station. five years ago. Dressler in Williamsburg, and The States. Not bad for an eatery at Brooklyn that are really hip and Increasingly, though, many While Michelin remains far River Café in Dumbo. which every one of its 18 places at hot,” Mr. Zagat says. “And young foodies are venturing to Brooklyn. more Manhattan-centric, its two- In a further boost to the city’s the table—located in the back of people from around the world have Fed by cheaper rents that have lured star rating for Brooklyn Fare put most populous borough, Michelin what is primarily a grocery store— a wonderful way of figuring out residents and businesses, a surge in that restaurant in rare company, lauded a meal at its two-star winner goes for $185. The restaurant is where they are.” Ⅲ

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SAL BUINEM INSIDE Custom-made for masses Online retailers score by letting consumers design their own products PAGE 18 SBA lenders The largest in the NY area, ranked by dollar value of loans PAGE 23 Can NewYork ever produce a Google? A second tech boom once more gives rise to the idea that NYC might build a tech scene on the order of Silicon Valley’s. Doubts, of course, remain.

BY JUDITH MESSINA

T A SHOWCASE FOR TECHNOLOGY startups last month, the chief executives of some of the city’s hottest companies had more than their revenue projections on display. AOne told the assembled cast of investors and aspiring entrepreneurs that he started his company because, well, he was bored on Wall Street. Another is so busy that he has his life plotted out in 50-minute segments. Others, such as Dennis Crowley of Foursquare and Brian O’Kelley of AppNexus, which just landed $50 million in venture money, showed up in regulation tech CEO garb—jeans and T-shirts. Some things never seem to change.The tech entrepreneurs of today’s Silicon Alley are just as cocky as A TECH ECOSYSTEM those who launched companies during the first boom a decade GROWS IN NEW YORK y a d n Hot startups that ago.The difference is that the most recent generation actually may u m n represent some of the have a shot at changing the world. he ep See CAN NY EVER PRODUCE A GOOGLE on Page 20 st city’s best bets PAGE 22

November 8, 2010 | Crain’s New York Business | 17 20101108-A--0018-NAT-CCI-CN_-- 11/4/2010 5:40 PM Page 1

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SWEET! Carmen Magar says worldwide e-Retailers tailor sales for chocolate bar customizer Chocri.com topped their offerings $1 million last year. to find buyers

prices—courtesy of a flock of eager ‘Mass customization’ entrepreneurs in New York City, a allows shoppers to center of the trend. While there is no official head count, Ms. Magar design own products knows of at least 20 local companies that participate in mass-customiza- at reasonable prices tion networking groups.Many were launched by recent M.B.A.s who BY EMILY SACHAR wrote the business plans for their companies in school. LOOKING TO SHOW you care with chocolate—but tired of the usual chocoholic fare? Chocri.com wants What drives the trend your business. The company, which B. JOSEPH PINE, a visiting scholar at has offices in Manhattan and Ger- the MIT Design Lab, says there are many, offers customized 3.5-ounce two main factors driving mass cus- chocolate bars from its website for tomization: expectations for per- $15: Choose from four types of sonalization (especially from twen- chocolate and 98 toppings (includ- ty- and thirtysomething buyers), ing rose petals and goji berries) and and easy access to efficient and in- ship your dream bar anywhere, novative ordering and production within days. technology. Carmen Magar, “As companies in- the New York City creasingly mass-cus- entrepreneur who is Some tomize, customers running the U.S.ver- increasingly get used sion of Chocri.com, startups to having it their way, says worldwide sales and therefore want for the company, provide offerings customized

which launched in to them from other buck ennis Germany two years near-infinite companies in other ago and in Manhat- industries,” says Mr. to buy, switch or upgrade from their with fourth-quarter 2010 sales of raised $2.1 million in a financing tan earlier this year, customizing Pine, co-author of current product,”Mr.Simpson says. $40,000, you can create a card to round led by Battery Ventures. last year topped Authenticity: What At the same time, configuration “dump”a girlfriend or tell a prospect “We provide our customers bou- $1 million, with Consumers Really software for online modeling of a you’d “rather get social in person.” tique quality at bodega prices,” Mr. customers ordering Want (Harvard Busi- product,database software that cap- H. Bloom Inc., a Manhattan- Burkhart says. “Our plan is to be 50,000 bars a month. ness School Press, tures and bundles multiple orders based online floral delivery service able to get each customer the precise “It’s a combination of demand 2007). “It’s a snowball effect.” simultaneously for production, and that lets consumers customize to flowers he or she wants.” and possibility that’s driving our Meanwhile, the accuracy of other innovative production solu- some extent the flowers they receive The trick for many of these business,” Ms. Magar says. “Con- search algorithms on the Internet tions make fast work of customiza- in a subscription service, is ponder- startups will be finding a way to op- sumers want what they want when has made it simple for people to find tion. ing letting consumers select the in- erate profitably in the long term. they want it.” products and services that exactly dividual stems in a bouquet, says Mass customization may help a Chocri is part of a fast-growing, meet their needs and wants, notes President Bryan Burkhart. Since its company market itself but doesn’t Web-based retail movement called Timothy Simpson,professor of me- To infinity and beyond February launch, the company has shelter it from normal growing “mass customization.” Consumers chanical and industrial engineering SOME STARTUPS OFFER near-infinite tallied 500 retail customers and 60 pains. Last Christmas and before can now design their own foods, at Pennsylvania State University. customization. At PigSpigot. corporate clients. It expects rev- Mother’s Day 2010, Chocri.com dress shirts, greeting cards and flo- “Many products need to be highly com, a 15-month-old, Brooklyn- enues between April 2010 and April had to suspend its website because ral bouquets for relatively affordable differentiated in order for customers based greeting card customizer 2011 to top $1 million, and it just it ran out of chocolate. Ⅲ MADE BY HAND? TRY MADE BY WEBSITE. THE STORY OF A CUSTOMIZED DRESS SHIRT, STITCH BY STITCH SOMETHING UP HIS SLEEVE: Seph Skerritt NOT LONG AGO, saying an item of clothing was customized to consumers. says Proper Cloth’s design process is “a meant “made by hand.” No longer. At Proper Cloth. which “We connect a Web front end with a manufacturing scalable machine.” lets customers design shirts on its website, much of the back end, using processes and automation that makes this production is automated. all a scalable machine,” says Proper Cloth’s founder and Users of this mass-customization site can tap an online president, Seph Skerritt, an electrical engineer who 3-D preview tool to compose and order their shirts. attended business school at MIT. Customers can select from more than 100 design Since its summer 2008 launch, the company has options, more than 60 shirt fabrics, four collar and three manufactured more than 3,000 shirts. It expects sales this cuff styles, and four button choices. Eleven size parameters year to top $300,000, up from $100,000 in 2009. The firm can be adjusted to get the perfect fit. Sleeves can be long has positive cash flow, Mr. Skerritt says. enough to fit the tallest NBA player. A possible pitfall? Fashion trends. If fitted dress shirts The company bundles the orders to production facilities go out of style, that’s bad news for this site. in Malaysia. There, a combination of robots and skilled But Proper Cloth has a bright future, says B. Joseph Pine, sewers manufacture the shirts, but not before a label, bar- an expert on customization who is a visiting scholar at the coded with each customer’s name and order number, is MIT Design Lab. “Everybody is unique,” he notes, “and we affixed to each item to ensure that no product is lost. The will increasingly want to indulge that uniqueness by getting shirts are mechanically boxed and shipped via Fed Ex to the proper fit and designing the proper cloth.” Memphis, passing smoothly through U.S. Customs, then on —EMILY SACHAR buck ennis

18 | Crain’s New York Business | November 8, 2010 CN013986 9/24/1011:28AMPage1

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It’s being built for the long haul.” seed other firms and attract money Whether this boom will produce and talent. Can NY ever produce a Google? a large and self-sustaining high- Still, the second wave in Silicon tech industry on the order of Silicon Alley,which began building steam a Valley’s remains a question. Al- year or two ago, is giving observers Continued from Page 17 penny-pinching entrepreneurs with assets marketplace Second Market, though the city counts more than cause for hope.It is a far cry from the The second boom on Silicon Al- rigorous business models and a fo- and location-based social network 315,000 workers overall in the me- late 1990s, when trendy startups ley, though it contains echoes of the cus on the bottom line. Foursquare. dia and technology industries, no burned through a billion dollars and first,is playing out against an entire- Replete with meet-ups, incuba- one at this point knows how big the ended up with almost nothing to ly different technology landscape. tors and a growing community of an- Solid footing new Silicon Alley is,how many peo- show for it. The CEOs are part of a vibrant, gels and venture capitalists, the tech “THE FOUNDATIONS of this expansion ple it employs or how much it con- “In those days, you weren’t even growing and innovative community scene in the city has never held more in New York are very, very sound,” tributes to the city’s economy. Most supposed to be profitable,”serial en- that is producing real companies, real promise.Three of 31 companies says Roger Ehrenberg, managing startups are still small and have yet trepreneur Michael Herzig says of real customers and real revenues. chosen as technology pioneers by the partner of venture capital firm IA to turn a profit. It’s not even clear the perverse standards that applied Unlike many of the ephemeral firms World Economic Forum this year are Venture Partners. “It’s based on real that New York can produce a single back then. He raised $5 million in that populated the Alley in its first New York-born and bred: education business models, real paying cus- company that’s as important as the late 1990s for an online city incarnation, these outfits are run by firm Knewton Inc., online illiquid tomers and reasonable valuations. Google or Twitter, which in turn guide for college students, but his extravagant ambitions for the site put him out of business before the company ever made a dime. The dismal economy and the chastening effect of New York’s first go-round with building a high-tech scene have ushered in a cohort of more exacting entrepreneurs and investors. Many are serial entrepreneurs who came out of early local success stories, such as DoubleClick, Right Media, About.com and iTraf- fic, and are now applying lessons learned to new ventures.They are the kind of battle-hardened risk-takers common on the West Coast but,until now, alien to New York. At the same time, the plunging price of technology and its easy avail- ability has made it much cheaper and faster to start a company, figure out whether the business works and get it to break even.

WHAT’S HOLDING CITY BACK IN NEXT TECH WAVE

SO IS THIS BUBBLING, so-called ecosystem for technology development in New York big enough and robust enough to be self-sustaining? Can it give birth to a Google or a Twitter? To answer those questions, veteran New York investors first dismiss the oft-repeated accusation that the city is an also-ran in technology because venture capitalists and angels are too eager to take their money and run, that they lack the staying power to build large, world- changing companies. “I don’t see any company in New York that has really sold early,” says Rick Heitzman, a managing director at FirstMark Capital. “The guys at Foursquare and SecondMarket opted not to sell. There’s a desire to go all the way.” But investors do worry that the city, long dominated by Fortune 500 stalwarts, lacks an aggressive, risk- taking culture. They also decry the failure of the city’s universities to get involved in birthing new companies, something that has been common on the West Coast and in Boston, where Stanford University and MIT have been drivers in commercializing technology. “[At] Stanford and MIT, they do great fundamental scientific research, but students and faculty are also

20 | Crain’s New York Business | November 8, 2010 20101108-A--0020,0021-NAT-CCI-CN_-- 11/4/2010 5:57 PM Page 2

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among the fastest-growing compa- in revenue in 2014. And there’s Mr. vestors and entrepreneurs huddle commiseration. Early this year, in a A tech boom nies in the nation, according to Inc. Herzig’s 3-year-old firm, Locus and deals are hatched,such as Shake de facto acknowledgment of New magazine. Yodle, for one, toted up Energy,which produces technology Shack in Madison Square, the Ace York’s having made the grade in tech that plays to $45 million in sales last year. Simi- for tracking renewable energy sys- Hotel on West 29th Street, and culture, Boston venture firm Polaris larly, young media companies such tems. One of many clean-energy Scratcher,a bar on East Fifth Street. Ventures set up its third Dogpatch NYC’s strengths as Critical Mention and Thrillist are startups in the city, it’s currently And it extends to the monthly gath- Lab incubator near Union Square. already bringing in millions a year. monitoring about 1,500 residential erings (NY Tech Meetup has (The other two are in Cambridge in advertising, Even with its concentration in and 100 large commercial solar in- 15,000 members) and show-and- and San Francisco.) advertising and media, the commu- stallations around the country. tell events where entrepreneurs try Even accounting and law firms media, finance nity of tech companies is surprising- to wow potential investors. are homing in. “If an entrepreneur ly diverse this time—and thereby A tech ecosystem And in a city where the cost of came to me, I could name five to 10 and fashion healthier. It includes SecondMar- THE CONVERGENCE of these positive real estate is often a barrier to entry, law firms that could service him,” ket,which last year pulled down $35 trends is helping to create the kind new incubators—from Rose Tech says Frank Rimalovski, a former million in revenue. There’s also on- of ecosystem, as tech types call it, Ventures and the Hive at 55 to venture capitalist who recently be- line luxe retailer Gilt Groupe,whose that’s common in towns such as Palo NYU-Poly Varick Street—are pro- came head of a new $20 million seed CEO, DoubleClick veteran Kevin Alto, Calif., and Cambridge, Mass. viding advice, cheap space and op- fund started by New York Universi- More important, the game is no Ryan, expects to book $500 million It includes the hangouts where in- portunities for collaboration and ty.“That wasn’t true 10 years ago.” Ⅲ longer about technology—the old broadband versus dial-up debate or the fastest-search challenge. It’s about the application of technology, a development that plays to the city’s overweening strength in such key industries as advertising, media, finance and fashion. Indeed,Madison Avenue’s dom- inance in advertising is one reason Silicon Valley-based Google has put down stakes at Eighth Avenue and West 16th Street, employing 2,000 people and recently bidding a staggering $2 billion for the building.Its arrival is also a boon for the numerous ad-tech startups in the city that might be attractive acquisitions for the online-ad giant. In the meantime,New York companies operating in the Web-advertising space, including Conductor, Traffiq, Pontiflex and Yodle, are

always thinking about how to bring it to market, how to create a new company,” says Frank Rimalovski, a former venture capitalist who recently became head of a New York University seed fund that Turning assets into borrowing power, hopes to invest $20 million locally. “That’s in the ethos there, but less so in New York City.” The city and the universities new capital into fresh potential. themselves are trying to turn that around. NYU’s new seed fund is a start, funded by the university to the Opportunity at every step. tune of $2 million; the rest must be raised from donors. In another effort, NYU, Columbia Your next nancing source may be closer than you think. And Bank of America Business Capital can help University and the New York City Economic Development Corp. you make the most of it. As the No. 1 asset-based lender for four years and counting,* we offer industry announced last summer the creation of the NYC Media Lab. Modeled on similar leadership geared to your distinct goals. As a global banking leader, we deliver nancial solutions to meet organizations at MIT and Stanford, the lab will attempt to commercialize your changing needs and help transform opportunities into realities at every step. To discuss your strategy, cutting-edge research by connecting researchers from institutions call us at 1.888.223.1181. throughout the city with entrepreneurs, investors and large media organizations. “We’re focusing on Discover more when you sign up for CapitalEyes, our free bi-monthly leveraged nance e-newsletter, entrepreneurship, allowing people to at bankofamerica.com/businesscapital41. figure out what the next big thing is,” says Seth Pinsky, EDC’s president. The payoff for all these efforts? “The more entrepreneurs you have, the more you build,” says Jonathan Bowles, director of the Center for an Urban Future, a public policy think tank. “If New York is in the second iteration of tech startups, maybe the next Google comes in the fourth iteration. We’ve proven *Ranked No. 1 U.S. lead arranger of asset-based loans by Thomson Reuters, LPC 3Q 2010. “Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by innovative companies can succeed banking af liates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking af liates of and grow here.” Bank of America Corporation (“Investment Banking Af liates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and member of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Af liates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed. ©2010 Bank of America Corporation —JUDITH MESSINA

November 8, 2010 | Crain’s New York Business | 21 20101108-A--0022-NAT-CCI-CN_-- 11/4/2010 6:07 PM Page 1

REPORT SMALL BUSINESS A TECH ECOSYSTEM GROWS IN NY

Knewton: the world changer SecondMarket: the breakthrough idea Individual classes Bold newcomer steals shares

ket in 2004 after a stint in invest- a kind of “spring training for private in session online BY JUDITH MESSINA ment banking where, struggling to companies not ready to go public”or help companies move such assets,he that want to stay private indefinite- cation at the Innosight Institute, a IF THE EXTENT TO WHICH a startup figured there had to be a better way. ly but need access to liquidity. BY STEVE GARMHAUSEN San Francisco-based research or- disrupts the status quo is a measure He and his late partner, Brad Mr. Silbert’s investors are equal- ganization. of its success, SecondMarket more Monks, developed a transparent ly enthusiastic. IMAGINE SOFTWARE that gets to “We have a school system built than meets that criterion. system in which SecondMarket re- “SecondMarket has a chance “know” individual students. For a on standardization, but we know A 5-year-old online trading plat- mains a neutral party, never trading of reshaping the capital formation boy who is struggling with fractions every child has different learning form, SecondMarket is competing for its own account but putting to- system in this country,” says and is easily distracted, for example, needs,” Mr. Horn says. “Compa- with banks and other exchanges that gether sellers and such buyers as fi- Lawrence Lenihan, chief executive the program presents an online tu- nies like Knewton that are using have been the chief—though less nancial services firms, speculators of FirstMark Capital. torial that’s more like a video game digital technology to customize transparent—market-makers for and other investors. Still, SecondMarket has only a than a conventional lesson. learning are a huge piece of that illiquid assets. SecondMarket is al- SecondMarket helps the parties sliver of the illiquid-asset market— This technology, which facili- puzzle.” ready the world’s largest centralized arrive at a price and takes a 2% a $30 billion inventory out of tates adaptive learning, is at the Knewton is positioned for an ex- exchange for a whole range of these to 4% cut of the final deal. It tens of trillions. And new heart of Knewton Inc., a 2-year-old pected shift to online learning. A hard-to-sell assets, from private got $3.8 million from First- competition is assembling. Manhattan firm that has received book that Mr. Horn co-authored stock and auction rate securities to Mark Capital in 2007 and Saying that it wants to be the $21 million in venture capital fund- several years ago predicts that half of bankruptcy claims. this year landed $15 million eBay of illiquid trading, ing. Its platform allows for lessons high-school courses will be taught At the start of 2010, the compa- from Hong Kong-based Li Bank of New York Mellon that instruct according to how each online by 2019. ny had 6,500 customers; 10 months Ka Shing Foundation announced its system in student learns best. It also allows Knewton will eventually help later,it has 23,000 and $30 billion in and Temasek Hold- September. Smaller students anywhere in the world to provide education to disadvantaged assets listed for sale. Revenues in ings in Singapore. entrants, such as “sit” in classrooms via live video. people worldwide, says Jose Fer- 2009 were $35 million versus $20 In the long New York start- Adaptive learning is a reira, its founder and chief execu- million the year before, as the firm term, Mr. Silbert up Gate Tech- pivotal component tive.Mr.Ferreira,a former executive cashed in on turmoil and investors sees Second- nologies, are also for effective, af- at test preparation heavyweight desperate to unload depressed secu- Market, among Barry Silbert getting into the fordable educa- Kaplan Inc. and a former partner at rities. Even shares in privately held other things, as game. Ⅲ tion in the venture capital firm New Atlantic Facebook and Twitter are traded on United States, Ventures,wouldontiflex: not disclosehe aplid-tc Knew- SecondMarket, whichtar has 135 em- P t s tup says Michael ton’s revenues. ployees. Horn, executive The company,which has 100 em- “We’re connecting all the world’s director of ployees, offers prep courses for the buyers and sellers,disintermediating edu- SAT, GMAT and LSAT. It is anyone who doesn’t provide value,” Firm rides wave of trying to sign up universi- says Chief Executive Barry Silbert, ties as clients, and it hopes one of Crain’s New York Business’ top to roll out retail versions six entrepreneurs last year. Jose Ferreira Ⅲ relevant Web ads within a few years. Mr. Silbert started SecondMar-

cluded it in its list of the 500 fastest- BY JUDITH MESSINA growing companies in the U.S. Chief Executive Zephrin Lasker WHEN THE ASPCA began using opt- says Pontiflex is driving the next in advertising to target some of the generation of Web advertising. The place for country’s 68 million pet owners, it “The market is heading in our direc- found an audience that clicked tion,” he says. “We’re riding this through to its ads 30% more often larger wave of social media, of a user than in its previous online efforts. economy.” INSPIRATION The technology behind the ads Pontiflex was launched from his OCEAN PLACE. THE PLACE FOR MEETINGS. came from Pontiflex, a 2-year-old Cobble Hill,Brooklyn,dining room New York company that expects to in 2007.Mr.Lasker and his nine co- pull down revenues of $15 million founders saw a market for more pro- Trade your boring meetings, boardrooms this year with a model that connects ductive ads but knew that nobody and cubicles for a ballroom with a view consumers with brands they’re in- had the technology. of the Atlantic Ocean and team building terested in. By the beginning of 2008, the People click on a box and sign up group had landed $2.5 million from activities on the beach - how’s that for for ads and offers on websites, blogs New Atlantic Ventures. A year lat- motivating your team? Shake up your and social media applications. But er, they raised $6.25 million from next group meeting, corporate retreat or these ads never navigate away from Greenhill SAVP.Pontiflex had rev- the original site. Behind the scenes, enues of $6 million last year. training event by bringing your group to Pontiflex’s technology transfers the The company has 45 employ- Ocean Place Resort & Spa and see what data to advertisers, who pay only for ees—35 at its headquarters in a difference a little salt air can do. sign-ups rather than for thou- Dumbo, and the rest in Seattle, sands of page views that gen- Boston and Bangalore, India. erate few bona fide leads. In retrospect, coming out of

* In the past 18 months, the gate when the economy hit CMP RATES FROM $199 Pontiflex has landed busi- bottom in 2008 was a good ness with more than 100 lesson for Pontiflex, Mr. Wonderful Winter Rates major clients, including Lasker says. ON SELECT MEETING DATES FROM NOVEMBER 2010 THRU FEBRUARY 2011. Kimberly-Clark, Dell and “It set our DNA, be- Unicef. Consumers cause we had to be like it,too.Each day, lean and scrappy,” some 75,000 peo- he says. “New ple click on a York is a great Pontiflex sign- place to start a up box. In Sep- business, because Inc. tember, Zephrin Lasker if you’re surviving, LONG BRANCH, NEW JERSEY magazine in- you’re thriving.” Ⅲ 800.411.7321 • WWW.OCEANPLACE.COM LessonWriter: the sideline business that now has more than 10,000 customers. Some restrictions apply. Blackout dates apply. See website for full list of applicable dates. Offer not valid on previously booked group business. Blackout dates apply. Some restrictions apply. Go to WWW.CRAINSNEWYORK.COM/ISSUE-LESSONWRITER

22 | Crain’s New York Business | November 8, 2010 20101108-A--0023-NAT-CCI-CN_-- 11/4/2010 5:39 PM Page 1

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GROWING LOANS New York Area’s Top SBA Lenders EASE CREDIT CRUNCH EVEN BEFORE the Small Business Jobs Act Ranked by dollar value of loans in fiscal 2010 was signed this fall—providing a $30 billion loan fund for community banks to Dollar value Dollar value Number Number tap—there were glimmers of hope that the of loans of loans Percent of loans of loans Percent credit crunch is easing. Between fiscal ’09 Rank Lender in fiscal ’10 in fiscal ’09 change in fiscal ’10 in fiscal ’09 change and fiscal ’10, the total dollar value of 1 Empire State Certified Development Corp. $121,505,000 $113,256,685 +7.3% 172 161 +6.8% SBA-backed loans in the New York region rose 34%, to $483 million; the number of 2 J.P. Morgan Chase $58,969,300 $18,179,200 +224.4% 627 195 +221.5% loans climbed 39%, to 1,739. While lending by some banks dropped 3 BNB Bank $40,385,000 $35,799,700 +12.8% 64 75 -14.7% dramatically, others made a big push to 4 NewBank $31,050,000 $19,015,000 +63.3% 57 49 +16.3% cater to demand. J.P. Morgan Chase 5 increased its loans by an impressive BankAsiana $19,450,000 $11,150,000 +74.4% 29 24 +20.8% 224% in FY ’10. The bank has a ways to go 6 Community National Bank $18,077,500 $6,750,000 +167.8% 32 12 +166.7% to match its volume in ’07, when it made $81 million in loans, but the rise in loans 7 TD Bank $17,724,700 $19,786,300 -10.4% 42 43 -2.3% from this key lender suggests that New 8 Manufacturers and Traders Trust Co. $14,702,700 $8,041,600 +82.8% 92 62 +48.4% York’s recovery is starting to percolate. 9 New York Business Development Corp. $13,344,500 $15,054,900 -11.4% 34 48 -29.2% Top Five Lenders 10 Indus American Bank $11,352,500 $4,425,000 +156.6% 12 5 +140.0% By number of loans in fiscal 2010 11 Nara Bank $11,250,000 $9,685,000 +16.2% 22 19 +15.8% 12 Newtek Small Business Finance Inc. $10,866,900 $2,000,000 +443.3% 18 1 +1,700.0% 13 Citibank $9,359,700 $1,833,500 +410.5% 26 6 +333.3% 14 Wells Fargo Bank $8,537,300 $4,958,500 +72.2% 24 7 +242.9% 15 Royal Asian Bank $8,000,000 $5,190,000 +54.1% 7 8 -12.5% 16 HSBC Bank USA $7,726,000 $5,318,000 +45.3% 72 75 -4.0% 17 Flushing Savings Bank $5,650,000 $4,412,400 +28.0% 9 20 -55.0% 18 Business Initiative Corp. of New York $5,601,000 $2,919,000 +91.9% 6 3 +100.0% 19 Shinhan Bank America $5,360,000 $2,140,000 +150.5% 16 11 +45.5% 20 KeyBank $4,577,800 $1,410,700 +224.5% 24 22 +9.1% 21 CapitalSource Bank $4,405,000 $3,022,000 +45.8% 4 3 +33.3% 22 Excel National Bank $3,451,600 — n/m 3 — n/m 23 Wilshire State Bank $3,423,000 $490,000 +598.6% 9 3 +200.0% 24 Home Loan Investment Bank $3,217,500 $5,890,600 +-45.4% 3 11 -72.7% Total Number of Loans 25 CIT Small Business Lending Corp. $3,020,700 $2,894,000 +4.4% 3 5 -40.0% For all area lenders 26 Woori America Bank $2,850,000 $552,000 +416.3% 4 1 +300.0% 27 Loan Source Inc. $2,550,000 $3,765,000 -32.3% 3 4 -25.0% 28 Live Oak Banking Co. $2,520,000 $1,200,000 +110.0% 4 1 +300.0% 29 1st Constitution Bank $2,180,000 $400,000 +445.0% 6 2 +200.0% 30 Compass Bank $2,087,800 $344,000 +506.9% 3 1 +200.0% 31 Celtic Bank $1,803,500 — n/m 2 — n/m 32 Independence Bank $1,650,000 — n/m 1 — n/m 33 Sovereign Bank $1,624,500 $2,969,000 -45.3% 37 44 -15.9% 34 Valley National Bank $1,600,000 $1,591,000 +0.6% 3 3 0.0% 35 Sterling National Bank $1,546,000 $885,000 +74.7% 9 9 0.0% 36 Sperry Associates Federal Credit Union $1,500,000 — n/m 1 — n/m Total Dollar Volume For all area lenders, in millions 37 First Trade Union Bank $1,135,000 $350,000 +224.3% 3 1 +200.0% 38 Metro Bank $1,130,500 — n/m 2 — n/m 39 RBS Citizens $1,015,500 $412,000 +146.5% 14 12 +16.7% 40 Grow America Fund Inc. $963,000 $1,688,000 -43.0% 3 2 +50.0% 41 Webster Bank $933,000 $965,000 -3.3% 2 2 0.0% 42 Bethex Federal Credit Union $869,000 $1,245,900 -30.3% 7 9 -22.2% 43 People’s United Bank $840,000 $40,000 +2,000.0% 2 1 +100.0% 44 U.S. Bank $793,000 $1,604,000 -50.6% 1 2 -50.0% 45 Superior Financial Group $767,500 $572,500 +34.1% 74 57 +29.8%

The U.S. Small Business Administration’s New York district includes New York City and Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, Sullivan, Ulster and Westchester counties. Rankings are for the fiscal year ended Sept. 30, 2010. Figures include both banks’ 7(a) loans–loans to businesses unable to secure financing on reasonable terms through normal lending channels–and certified development companies’ 504 loans, which provide long-term, fixed-rate financing for major fixed assets. In cases of tied figures in the dollar value of loans, lenders are listed alphabetically. n/m Not meaningful.

November 8, 2010 | Crain’s New York Business | 23 nb45p24-25cl.qxp 11/5/10 1:51 PM Page 24

BUSINESS OPPORTUNITY PUBLIC & LEGAL NOTICES Media Agency in NJ Looking to Partner Located in Newark, we’re a $20 million media agency looking to partner with creative and web Notice of Qualification of FMS Notice of Qualification of Lyxor NOTICE OF FORMATION of profes- Notice of Qualification of Real Branding programming agencies to complete our offering Hauppauge, LLC. Authority filed with Premium Sub-Fund II LLC. Authority sional limited liability company (PLLC). LLC. Authority filed with NY Dept. of to clients. Potential partners should have a client NY Dept. of State on 10/22/10. Office filed with NY Dept. of State on Name: MARCIA B. KIMELDORF, State on 10/18/10. Office location: portfolio to bring to the relationship, and be location: NY County. Princ. bus. addr.: 10/4/10. Office location: NY County. PH.D., CLINICAL PSYCHOLOGIST, NY County. LLC formed in CA on willing to relocate to Newark. If interested, please 920 Winter St., Ste. A, Waltham, MA LLC formed in DE on 9/1/09. NY Sec. PLLC. Articles of Organization filed 3/28/00. NY Sec. of State designated contact Ray Levy at (973) 848-1100 x201. 02451. LLC formed in DE on of State designated as agent of LLC with Secretary of State of New York agent of LLC upon whom process 10/19/10. NY Sec. of State designated upon whom process against it may (SSNY) on 09/07/2010. Office loca- against it may be served and shall agent of LLC upon whom process be served and shall mail process to tion: New York County. Princ. bus. mail process to: c/o CT Corporation against it may be served and shall the principal business addr.: 1251 addrs: 560 West End Ave, Suite 1E, System, 111 8th Ave., NY, NY 10011, TELECOMMUNICATIONS mail process to: c/o CT Corporation Ave. of the Americas, 46th Fl., NY, New York, NY 10024. SSNY desig- regd. agent upon whom process may System, 111 8th Ave., NY, NY 10011, NY 10020. DE addr. of LLC: c/o The nated as agent of PLLC upon whom be served. CA and principal business NYC'S MOTOROLA regd. agent upon whom process may Corporation Trust Co., 1209 Orange process against it may be served. addr.: 2325 Third St., Ste. 108, San MOTOTRBO SPECIALISTS be served. DE addr. of LLC: 1209 St., Wilmington, DE 19801. Cert. of SSNY shall mail copy of process to: Francisco, CA 94107. Cert. of Org. Orange St., Wilmington, DE 19801. Form. filed with DE Sec. of State, Law Office of Alexander Hakopian, filed with CA Sec. of State, 1500 Arts. of Org. filed with DE Sec. of P.O. Box 898, Dover, DE 19903. Esq., 2 Penn Plaza, Suite 1500, 11th St., Sacramento, CA 95814. State, 401 Federal St., Dover, DE Purpose: any lawful activity. New York, NY 10121. Purpose: the Purpose: all lawful purposes. 19901. Purpose: any lawful activity. practice of psychology. AMALGAMATED PARTNERS LLC Notice of Formation of CHEFSQUIRE ERIC KUSSELUK, M.D., LLC. Notice of Articles of Org. filed NY Sec. of State NOTICE OF FORMATION OF CEME SWEETS LLC. Arts. of Org. filed with the formation of the above named (SSNY) 8/30/2010. Office in NY Co. DESIGN, LLC. Articles of Organization Secy. of State of NY (SSNY) on 10/06/10. Professional Limited Liability Company SSNY desig. agent of LLC upon were filed with the Secretary of State Office location: NY County. SSNY (“PLLC”) Articles of Organization filed whom process may be served. SSNY of New York (SSNY) on 06/21/2010. designated as agent of LLC upon whom with the Department of State of NY on shall mail copy of process to 162 Office location: New York County. process against it may be served. SSNY 7/29/2010. Office Location: County of W. 13th St., #42, NY, NY 10011, which SSNY has been designated as agent shall mail process to the LLC, 300 E. New York. The Secretary of State of NY is also the principal business location. of the LLC upon whom process 93rd St., Apt. 17B, NY, NY 10128. (“SSNY”) has been designated as agent Purpose: Any lawful purpose. against it may be served. The Post Purpose: Any lawful activity. of the PLLC upon whom process against Office address to which the SSNY it may be served. SSNY shall mail a copy Notice of Formation of BEAR ONE shall mail a copy of any process INTERSTATE COMMUNICATIONS, of any such process served to: Wormser, HOLDINGS, LLC. Arts. of Org. filed against the LLC served upon it is C/O LLC Articles of Org. filed NY Sec. of Kiely, et al., Attn Thomas L. Fuerth, Esq., with Secy. of State of NY (SSNY) on the LLC 350 Broadway, #415, NY, State (SSNY) 10/7/2010. Office in NY 825 Third Ave., 26th Flr. NY NY 10022. NY. Purpose: For any lawful purpose. 33 East 33rd Street 08/18/10. Office location: NY County. Co. SSNY desig. agent of LLC upon New York, NY 10016 Purpose: to practice medicine. Princ. office of LLC: c/o Proskauer whom process may be served. 212-532-7400 Rose LLP, 1585 Broadway, NY, NY Notice of Formation of RETAIL LEASING SSNY shall mail copy of process to 2 www.metrocomradio.com Notice of Formation of THE IONIK 10036. SSNY designated as agent of GROUP LLC. Arts. of Org. filed with Secy. W. 46th St., Mezz. Fl., NY, NY 10036. RECORDINGS COMPANY, LLC, a LLC upon whom process against it of State of NY (SSNY) on 10/25/10. Purpose: Any lawful purpose. domestic LLC. Arts. of Org. filed with may be served. SSNY shall mail Office location: NY County. Princ. office the SSNY on 09/21/2010. Office loca- process to Attn: Ivan Taback at the of LLC: Ste. 300, 433 5th Ave., NY, NY Notice of Formation of Eye Goo LLC. PUBLIC & tion: NY County. SSNY has been des- princ. office of the LLC. Purpose: 10016. SSNY designated as agent of Arts. of Org. filed with Secy. of State ignated as agent upon whom process Any lawful activity. LLC upon whom process against it may of NY (SSNY) on 10/14/10. Office against the LLC may be served. be served. SSNY shall mail process to location: NY County. SSNY designat- LEGAL NOTICES SSNY shall mail a copy of process to: David Cherna at the princ. office of the NOTICE OF FORMATION of NPIG., ed as agent of LLC upon whom 1235 1st Ave. Apt. 20, NY, NY 10065. LLC. Purpose: Any lawful activity. LLC of Org filed Sec’y of State process against it may be served. Purpose: Any Lawful Purpose. PUBLIC NOTICE NOTICE IS HEREBY (SSNY) 11/1/10. Office location: SSNY shall mail process to: c/o The GIVEN, PURSUANT TO LAW, that the Notice of Qualification of Warburg LLC, 12 E. 33rd St., 8th Fl., NY, NY New York County. SSNY designated Pincus Partners (E&P) LLC. Authority NYC Dept. of Consumer Affairs will Notice of Qualification of WPS as agent of LLC upon whom process 10016. Purpose: any lawful activity. hold a Public Hearing on Wednesday, Production Partners II, LLC. Authority filed with NY Dept. of State on November 24, 2010 at 2:00pm, at 66 against it may be served. SSNY 10/6/10. Office location: NY County. filed with NY Dept. of State on shall mail copy of process to c/o John Street, 11th floor, on a petition 9/13/10. Office location: NY County. LLC formed in DE on 10/5/10. NY Notice of Formation of BRSG PROP- from Zumschneider Corp., to continue Hofheimer Gartlir & Gross LLP, 530 Sec. of State designated agent of ERTIES, LLC. Arts. of Org. filed with LLC formed in DE on 6/22/10. NY Fifth Avenue, New York, NY 10036. to, maintain, and operate an unen- Sec. of State designated agent of LLC upon whom process against it Secy. of State of NY (SSNY) on closed sidewalk cafe at 107-109 Purpose: any lawful activities. may be served and shall mail process 09/22/10. Office location: NY County. Avenue C, in the Borough of LLC upon whom process against it to the principal business addr.: 450 may be served and shall mail process Princ. office of LLC: 589 Fifth Ave., Manhattan, for a term of two years. Notice of Formation of INJURY INSIGHT, Lexington Ave., NY, NY 10017, Attn: NY, NY 10017. SSNY designated as REQUEST FOR A COPY OF THE to the principal business address: 450 General Counsel. DE addr. of LLC: Lexington Ave., NY, NY 10017, Attn: LLC. Arts. of Org. filed with Secy. of agent of LLC upon whom process PROPOSED REVOCABLE CONSENT c/o The Corporation Trust Co., 1209 against it may be served. SSNY MAY BE ADDRESSED TO DEPT. Scott A. Arenare. DE address of LLC: State of NY (SSNY) on 09/24/10. Office location: NY County. Princ. office of Orange St., Wilmington, DE 19801. shall mail process to c/o William OF CONSUMER AFFAIRS, 42 c/o The Corporation Trust Co., 1209 Arts. of Org. filed with DE Sec. of LLC: 116 E. 30th St., NY, NY 10016. Goldberg Diamond Corp., Attn: Saul BROADWAY, NEW YORK, NY Orange St., Wilmington, DE 19801. State, Townsend Bldg., Dover, DE SSNY designated as agent of LLC upon Goldberg at the princ. office of the 10004. ATTN: FOIL OFFICER Cert. of Form. filed with DE Sec. of 19901. Purpose: any lawful activity. State, 401 Federal St., Dover, DE whom process against it may be LLC. Purpose: Any lawful activity. served. SSNY shall mail process to the NOTICE OF FORMATION of Alyson 19901. Purpose: any lawful activity. Notice of Qualification of Evolve LLC at the addr. of its princ. office. Tufts Consulting, LLC. Arts of Org Customer Support, LLC. Authority NOTICE OF FORMATION OF Turquoise Purpose: Any lawful activity. filed with the Secy of State of New Notice of Qual. of M81 Capital LLC, filed with NY Dept. of State on Life, LLC. Art. of Org. filed with the York (SSNY) on 7/21/10. Office loca- Authority filed Sec’y of State (SSNY) 10/15/10. Office location: NY County. Secy. of State of NY (SSNY) on tion: NY County. SSNY designated 6/2/10. Office loc.: NY County. LLC Notice of Formation of LONELY KINGS LLC formed in TX on 4/28/06. NY Sec. 08/12/10. Office location: NY County. as an agent upon whom process org. in DE 5/28/10. SSNY desig. as PRODUCTIONS, LLC. Arts. of Org. of State designated agent of LLC SSNY designated as agent upon whom may be served and shall mail a copy agent of LLC upon whom process filed with Secy. of State of NY (SSNY) upon whom process against it may process against it may be served. of any process to: The LLC, 7014 13 against it may be served. SSNY shall on 09/27/10. Office location: NY be served and shall mail process to: SSNY shall mail process to The LLC, Ave, Ste 202, Brooklyn, NY 11228. mail copy of proc. to Attn: Andrew P. County. Princ. office of LLC: 351 E. c/o CT Corporation System, 111 8th 5 Tudor City Pl., #1432, NY, NY. Purpose: any lawful act. Widdop, 265 E. 66th St., Apt. 39A, 12th St., #3, NY, NY 10003. SSNY Ave., NY, NY 10011, regd. agent upon 10017. Purpose: any lawful activity. NY, NY 10065. DE office addr.: CSC, designated as agent of LLC upon whom process may be served. TX Notice of Formation of NORDICA 2711 Centerville Rd., Wilmington, DE whom process against it may be and principal business addr.: 10555 Notice of Formation of Byrd Retail Group SOHO LLC, a domestic LLC. Arts. of 19808. Cert. of Form. on file: SSDE, served. SSNY shall mail process to Cossey Rd., Houston, TX 77007. Arts. LLC. Arts. of Org. filed with Secy. of State Org. filed with the SSNY on 10/18/2010. Townsend Bldg., Dover, DE 19901. the LLC at the princ. office of the of Org. filed with TX Sec. of State, of NY (SSNY) on 10/5/10. Office location: Office location: NY County. SSNY Purp.: any lawful activities. LLC. Purpose: Any lawful activity. 1019 Brazos, Austin, TX 78701. NY County. SSNY designated as agent has been designated as agent upon Purpose: all lawful purposes. of LLC upon whom process against it whom process against the LLC may Notice of Qualification of RX MOSAIC Notice of Appl. for Auth. ROI Labs, may be served. SSNY shall mail process be served. SSNY shall mail a copy of HEALTH LLC. Authority filed with LLC, a foreign limited liability company NOTICE OF FORMATION OF Village to: 241 Central Park West, #8C, NY, NY process to: 43 West 24th St., NY, NY Secy. of State of NY (SSNY) on (LLC). Appl. for Auth. Filed with SSNY Playday LLC. Article of Organization 10024, Attn: Ms. Judith I. Byrd. Purpose: 10010. Purpose: Any Lawful Purpose. 10/21/10. Office location: NY County. on 8/26/10. LLC organized in DE on filed with the Secretary of State of NY any lawful activity. LLC formed in Delaware (DE) on 6/11/10. NY office location: New York (SSNY) on 8/23/10. Office location: NOTICE OF FORMATION OF LIMITED 09/28/10. Princ. office of LLC: 437 County. SSNY designated as agent NEW YORK County. SSNY has been Notice of Formation of PICKWEST LIABILITY COMPANY. NAME: 16 FOR Madison Ave., NY, NY 10022. SSNY for process. SSNY shall mail copy of designated as agent upon whom LLC. Arts. of Org. filed with Secy. of 8 HOSPITALITY, LLC. Articles of designated as agent of LLC upon process to: National Registered process against it may be served. The State of NY (SSNY) on 10/15/10. Organization were filed with the whom process against it may be Agents, Inc., 875 Ave. of the Americas, Post Office address to which the Office location: NY County. Princ. Secretary of State of New York (SSNY) served. SSNY shall mail process to New York, NY 10001. Office address SSNY shall mail a copy of any office of LLC: c/o Gotham on 06/24/10. Office location: New York c/o Corporation Service Co., 80 of LLC in jurisdiction of organization: process against the LLC served Organization, LLC, Attn: Christopher County. SSNY has been designated State St., Albany, NY 12207-2543. c/o National Registered Agents, Inc., upon him/her is C/O the LLC 1864 Jaskiewicz, 1010 Ave. of the as agent of the LLC upon whom DE addr. of LLC: c/o 2711 Centerville 160 Greentree Drive, Suite 101, Dover, 7th Ave, #44. New York, NY 10026. Americas, 4th Fl., NY, NY 10018. process against it may be served. Rd., Ste. 400, Wilmington, DE 19808. DE 19904. A copy of the Cert. of Date of Dissolution: Purpose of LLC: SSNY designated as agent of LLC SSNY shall mail a copy of process to Arts. of Org. filed with DE Secy. of Form. Is on file with State of Delaware, to engage in any lawful act or activi- upon whom process against it may the LLC, c/o Ben Daitz, 60 West 13th State-John G. Townsend Bldg., 401 Division of Corporation, 401 Federal ty. Street address of Principal be served. SSNY shall mail process Street, New York, New York 10011. Federal St., Ste. 4, Dover, DE 19901. Street, Ste. 3, Dover, DE 19901. Business location is: 1864 7th to the LLC at the addr. of its princ. Purpose: For any lawful purpose. Purpose: Any lawful activity. Purpose: Any lawful act or activity. Avenue, #44. New York, NY 10026. office. Purpose: Any lawful activity.

24 | Crain’s New York Business | November 8, 2010 nb45p24-25cl.qxp 11/5/10 1:52 PM Page 25

PUBLIC & LEGAL NOTICES

Notice of formation of JAKOB/HILTON Notice of Qualification of Mercer ME Notice of Qualification of Bridgebar Notice of Qualification of C2C Appraisal Notice of Qual. of Venari GP, LLC, CAPITAL, LLC. Arts. of Org. filed with Benefits Valuation Services LLC. Lender LLC. Authority filed with NY Services, LLC. Authority filed with Auth. filed Sec’y of State (SSNY) the Sect’y of State of NY (SSNY) on Authority filed with NY Dept. of State Dept. of State on 9/24/10. Office Secy. of State of NY (SSNY) on 8/19/10. Office loc.: NY County. LLC 8/27/2010. Office location, County on 10/8/10. Office location: NY location: NY County. Princ. bus. 9/21/10. Office location: NY County. org. in DE 8/17/10. SSNY desig. as of New York. SSNY has been des- County. Princ. bus. addr.: 1166 Ave. addr.: 55 E. 59th St., 17th Fl., NY, NY LLC formed in Delaware (DE) on agent of LLC upon whom process ignated as agent of the LLC upon of the Americas, 25th Fl., NY, NY 10022. LLC formed in DE on 9/21/10. 6/23/09. SSNY designated as agent against it may be served. SSNY shall whom process against it may be 10036. LLC formed in DE on 9/27/10. NY Sec. of State designated agent of of LLC upon whom process against mail copy of proc. to Att: Robert served. SSNY shall mail process to: NY Sec. of State designated agent of LLC upon whom process against it it may be served. SSNY shall mail Akeson, One Battery Park Plaza, 3rd 870 Fifth Avenue, NY NY 10065. LLC upon whom process against it may be served and shall mail process process to: c/o National Registered Fl., NY, NY 10004. DE off. addr.: CSC, Purpose: any lawful act. may be served and shall mail process to: c/o CT Corporation System, 111 Agents, Inc., 875 Ave. of the Americas, 2711 Centerville Rd., Wilmington, DE to: c/o CT Corporation System, 111 8th Ave., NY, NY 10011, regd. agent Ste. 501, NY, NY 10001. Principal 19808. Cert. of Form. on file: SSDE, Notice of Formation of LITTLE 8th Ave., NY, NY 10011, regd. agent upon whom process may be served. office address: 15301 Ventura Blvd., Townsend Bldg., Dover, DE 19901. LIBERTY 1 LLC. Arts. of Org. filed upon whom process may be served. DE addr. of LLC: 1209 Orange St., Ste. D300, Sherman Oaks, CA Purp.: any lawful activities. with Secy. of State of N.Y. (SSNY) on DE addr. of LLC: 1209 Orange St., Wilmington, DE 19801. Cert. of Form. 91403. Address to be maintained in 8/20/10. Office location: New York Wilmington, DE 19801. Cert. of Form. filed with DE Sec. of State, 401 DE: c/o National Registered Agents, Notice of Formation of HDA Captains County. SSNY designated as agent filed with DE Sec. of State, 401 Federal St., Dover, DE 19901. Inc., 160 Greentree Dr., Ste. 101, Neck LLC. Arts. of Org. filed with of LLC upon whom process against Federal St., Dover, DE 19901. Purpose: any lawful activity. Dover, DE 19904. Arts of Org. filed Secy. of State of NY (SSNY) on it may be served. SSNY shall mail Purpose: any lawful activity. with DE Secy. Of State, 401 Federal 10/5/10. Office location: NY Co. process to: c/o Icon Parking Systems, NOTICE OF QUALIFICATION of Teri St., Ste. 4, Dover, DE 19901. SSNY designated as agent of LLC 211 East 38th St., New York, NY Notice of Formation of KYLE EDITING, Tobias Agency, LLC. Authority filed Sec’y Purpose: any lawful activities. upon whom process against it may 10016. Purpose: any lawful activity. LLC. Arts. of Org. filed with Secy. of of State (NY) 9/30/10. Office location: NY be served. SSNY shall mail process State of NY (SSNY) on 10/14/10. County. LLC formed in DE on 12/11/09. Name: SECOND WIND; ELDER FIT- to: The LLC, Attn: August A. Direnzo, Notice of Formation of Gold’n Office location: NY County. SSNY NY Sec. of State designated agent of NESS AND CARE MANAGEMENT 14 Chelmsford Dr., Glen Head, NY Consulting, LLC. Art. of Org. filed designated as agent of LLC upon LLC upon whom process may be served LLC. Art Of Org. Filed Sec. Of State 11545. Purpose: any lawful activities. with Secy. of State of NY (SSNY) whom process against it may be and shall mail process to the principal of NY 08/03/10. Off. Loc.: New York on 10/07/10. Office location: NY served. SSNY shall mail process to business addr.: PO Box 1274, New Co. SSNY designated as agent upon Notice of Formation of 449 BROADWAY, Co. SSNY designated as agent of Vitale & Levitt, P.C., 445 Broad York, NY 10009. DE address of LLC: whom process against it will be LLC. Arts. of Org. filed with Secy. of LLC upon whom process against it Hollow Rd., Ste. 124, Melville, NY c/o Corporation Service Company, 2711 served. SSNY to mail copy of State of NY (SSNY) on 10/05/10. Office may be served. SSNY shall mail 11747. Purpose: Any lawful activity. Centerville Rd., Ste. 400, Wilmington, DE process to THE LLC, C/O Robert W. location: NY County. Princ. office of process to the LLC, 23 West 23rd 19808. Cert. of Form. filed with DE Sec. Hofman, 350 Port Washington LLC: c/o United American Land, LLC, Street, #710, New York, NY 10023. Notice of Formation of 116 John of State, PO Box 898, Dover, DE 19903. Avenue, #3B, New York, NY 10003. 430 W. Broadway, NY, NY 10012. SSNY Purpose: any lawful act or activity. Street Developer LLC, Art. of Org. Purp.: any lawful activities. Purpose: Any lawful act. designated as agent of LLC upon whom filed Sec’y of State (SSNY) 8/12/10. process against it may be served. SSNY Notice of Formation of SILVER TOW- Office location: NY County. SSNY NOTICE OF FORMATION of THE Notice of Formation of MH Ducks shall mail process to the LLC at the ERS PRODUCTIONS, LLC. Arts. of designated as agent of LLC upon WILSON LAW FIRM LLC. Arts of Org LLC. Arts. of Org. filed with Secy. of addr. of its princ. office. Purpose: Any Org. filed with Secy. of State of NY whom process against it may be filed with the Secy of State of New State of NY (SSNY) on 10/13/10. lawful activity. (SSNY) on 10/12/10. Office location: served. SSNY shall mail copy of pro- York (SSNY) on 6/14/10. Office loca- Office location: NY Co. SSNY desig- NY County. Princ. office of LLC: 244 cess to c/o Metro Loft Management, tion: NY County. SSNY designated nated as agent of LLC upon whom Name of LLC: Total Management US, Fifth Ave., #2306, NY, NY 10001. 20 Exchange Pl., NY, NY 10005, the as an agent upon whom process process against it may be served. LLC. Art. of Org. filed Dept. of State SSNY designated as agent of LLC Reg. Agt. upon whom porc. may be may be served and shall mail a copy SSNY shall mail process to: The of NY on 9/30/2010. Off. Loc. in NY: upon whom process against it may served. Purpose: any lawful activities. of any process to: 65 Broadway, Ste LLC, 216 West 99th St., #14, NY, NY NY Cty. Secy. of State designated as be served. SSNY shall mail process 833, NY NY 10006. Principal business 10025. Purpose: any lawful activities. agent of LLC upon whom process to the LLC at the addr. of its princ. NOTICE OF FORMATION OF LIMITED address: 299 Broadway, Ste 920, NY against it may be served. Sec. of office. Purpose: Any lawful activity. LIABILITY COMPANY Name: NY 10007. Purpose: any lawful act. SCAFFOLDED APPRENTICESHIP State shall mail a copy of process to: Ambleside Partners LLC. Articles MODEL, LLC a domestic Limited Davidoff Malito & Hutcher LLP, 605 Notice of Formation of DLR 155 LLC. filed w/SOS 8/11/10. Office: NY NOTICE OF FORMATION of Bucky’s Liability Company (LLC), filed with Third Ave., NY, NY 10158, Attn: M Arts. of Org. filed with Secy. of State County; Principal Business Location: Beverages LLC. Arts of Org filed with the Sec of State of NY on 8/27/10. Groeneveld. Purpose: any lawful of NY (SSNY) on 9/9/10. Office loca- TBD. SOS is process agent & will the Secy of State of NY (SSNY) on NY Office location: New York. SSNY activity. tion: NY County. SSNY designated send process to LLC c/o Wiggin and 8/31/10. Office loc: NY Co. SSNY has is designated as agent upon whom as agent of LLC upon whom process Dana LLP, 450 Lexington Ave, Suite been designated as an agent upon process against the LLC may be LEOPALD AND MOLLY, LLC, a against it may be served. SSNY shall 3800, NY, NY 10017. Purpose: all whom process against it may be served served. SSNY shall mail a copy of domestic Limited Liability Company mail process to: c/o D. LaRosa, 79 lawful activity. and shall mail a copy of any process any process against the LLC served (LLC), filed with the Sec of State of NY Worth St., NY, NY 10013. Purpose: to: 7083 Hollywood Blvd., Ste 180, Los upon him/her to The LLC, 250 on 9/15/10. NY Office location: New any lawful purpose. Notice of Qualification of AG TCDRS, Angeles, CA 90028. Principal business Riverside Dr., Ste. 72, NY, NY 10025. York. SSNY is designated as agent L.P. Authority filed with NY Dept. of address: 210 E. 68th St., Ste 15L, NY, General Purposes. upon whom process against the LLC NOTICE OF FORMATION OF LIMITED State on 10/1/10. Office location: NY NY 10065. Purpose: any lawful act. may be served. SSNY shall mail a LIABILITY COMPANY. NAME: STAR- County. LP formed in DE on 9/24/10. NOTICE OF FORMATION of Sun & copy of any process against the LLC DUST LLC. Articles of Organization NY Sec. of State designated agent of NOTICE OF FORMATION OF LIMITED Schrempp Associates, LLC. Arts of served upon him/her to JIS Consulting were filed with the Secretary of State LP upon whom process against it LIABILITY COMPANY. NAME: Org filed with the Secy of State of Ltd., 211 E. 43rd St., Ste. 1203, NY, of New York (SSNY) on 08/31/10. may be served and shall mail process DOROTHY D. SCHRAGER LLC. Articles NY (SSNY) on 7/19/2010. Office NY 10017. General Purposes. The name was amended to ROXX to the principal business addr.: c/o of Organization were filed with the loc: NY Co. SSNY designated as an LLC on 09/08/10. Office location: Angelo, Gordon & Co., L.P., 245 Park Secretary of State of New York (SSNY) agent upon whom process against Notice is hereby given that a License New York County. SSNY has been Ave., 26th Fl., NY, NY 10167. DE addr. on 10/13/10. Office location: New York it may be served and shall mail a Number 1248490 for liquor and wine designated as agent of the LLC upon of LP: c/o The Corporation Trust Co., County. SSNY has been designated as copy of any process to the principal has been applied for by the under- whom process against it may be 1209 Orange St., Wilmington, DE agent of the LLC upon whom process business address: 148 Madison signed to sell liquor and wine at retail served. SSNY shall mail a copy of 19801. Name/addr. of genl. ptr. against it may be served. SSNY shall Ave, Ste 1601, NY, NY 10016. in a restaurant establishment under process to the LLC, c/o Vik Pawar, available from NY Sec. of State. mail a copy of process to the LLC, c/o Purpose: any lawful act. the Alcohol Beverage Control Law at 305 Broadway, Suite 1100, New Cert. of LP filed with DE Sec. of Zane & Rudofsky, Esqs., 601 West 26th Scoditti Consulting Group Inc., 920 York, New York 10007. Purpose: For State, Townsend Bldg., Dover, DE Street, New York, New York 10001. NOTICE: Roman Tree LLC. Article of Broadway, New York, New York 10010 any lawful purpose. 19901. Purpose: any lawful activity. Purpose: For any lawful purpose. Organization filed with the Secretary for an On Premises consumption. of State of NY on July 6, 2007. Office location NEW YORK County, 332 East Notice of Qualification of NLCF FUND 15th Street, New York, NY 10003. LP. Authority filed with Secy. of State of NY (SSNY) on 10/14/10. Office Notice of Qualification of GOFFE location: NY County. LP formed in CAPITAL GP, LLC. Authority filed with Delaware (DE) on 10/07/10. Princ. Secy. of State of NY (SSNY) on office of LP: 230 Park Ave., Ste. 865, 10/12/10. Office location: NY County. NY, NY 10169. SSNY designated as LLC formed in Delaware (DE) on agent of LP upon whom process 10/08/10. Princ. office of LLC: 399 against it may be served. SSNY shall Park Ave., NY, NY 10022. SSNY des- mail process to the Partnership at the ignated as agent of LLC upon whom princ. office of the LP. The regd. agent process against it may be served. of the company upon whom and at SSNY shall mail process to c/o Arnold which process against the company Don’t miss & Porter LLP, Attn: Richard P. can be served is Satyen Mehta, at Swanson at the princ. office of the the princ. office addr. Name and addr. LLC. DE addr. of LLC: c/o Corporation of each general partner are available Book of Lists! Service Co., 2711 Centerville Rd., from SSNY. DE addr. of LP: 2711 Ste. 400, Wilmington, DE 19808. Centerville Rd., Ste. 400, Wilmington, Arts. of Org. filed with c/o Secy. of DE 19808. Arts. of Org. filed with State: Div. of Corps., 401 Federal St., Secy. of State of the State of DE, John G. Townsend Bldg., Dover, DE 401 Federal St., Dover, DE 19901. 19901. Purpose: Any lawful activity. Purpose: Any lawful activity.

November 8, 2010 | Crain’s New York Business | 25 20101108-A--0026-NAT-CCI-CN_-- 11/4/2010 8:47 PM Page 1

FOR THE RECORD

within the five boroughs. Any questions Broadway, a 32-story, 400,000-square- between Oct. 25 and Oct. 26, in a should be addressed in writing to Amina foot building owned by 45 Broadway transaction worth $4,278,000. ABOUT THIS SECTION Velazquez at [email protected]. Owner. The company is moving to the During the same period, he sold E-mailed or faxed bids will not be fourth floor. Snezana Anderson and Rob 100,000 shares at prices ranging from FOR THE RECORD is a weekly listing of information from the public record that accepted. Send bids by mail to 125 Wizenberg of CB Richard Ellis $58.18 to $58.60, in a transaction worth can help businesspeople in the New York area find opportunities, potential Worth St., Room 81, New York, N.Y. represented Builders Group, while Brad $5,823,300. He now directly holds new clients and updates on competitors. 10013. Gerla and Jeff Sharon, also of CBRE, 117,664 shares. To ask questions or get more information on this section, contact Denise represented the sublandlord. The asking Southwood at [email protected]. ● New York Police Department rent was $30 a square foot. Charles A. Boehlke Jr., executive vice Requests proposals by 2 p.m. on Dec. 13 president and chief financial officer, for the provision and implementation of ● Viacom signed a lease renewing its exercised options on 77,000 shares of a true just-in-time automotive parts 7,600 square feet of TV studio space at common stock at prices ranging from room operation service and 1515 Broadway, a 54-story, 1.75 million- $38.07 to $48.21 between Oct. 25 and BANKRUPTCIES database of current procurement notices, parts/supplies procurement, including square-foot building owned by SL Oct. 26, in a transaction worth visit www.nyc.gov/cityrecord. Listings warehouse storage and distribution in Green Realty.The TV studio occupies $3,281,310. During the same period, he The following listings are selected from the are alphabetical by category and two phases. The contractor will replace the second floor. Michael Laginestra, sold 77,000 shares at prices ranging most recent available filings by companies department. all NYPD-owned automotive parts with Scott Gottlieb and Andrew Sussman of from $58.18 to $58.60, in a transaction seeking bankruptcy protection in the its own and issue the parts on an as- CB Richard Ellis represented the worth $4,483,077. He now directly Southern and Eastern Districts of New CONSTRUCTION SERVICES needed basis to auto mechanics tenant, while Steven Durels represented holds 66,943 shares. York. Information for this section was ● Department of Design and Construction responsible for the repair of NYPD SL Green in-house. The asking rent obtained from U.S. Bankruptcy Court Seeks competitive sealed bids by 11 a.m. vehicles. The service component will wasn’t available. Thomas J. Cox, executive vice president records available on Public Access to Court on Nov. 30 for the installation of include all contactor personnel, of sales, exercised options on 25,000 Electronic Records. Listings are in sidewalks, adjacent curbs, hydrant management and reporting systems. A RETAIL shares of common stock at $37.45 on alphabetical order. fenders and restoration of hydrant cuts preproposal conference will be held at ● Chop’t Creative Salad signed a Oct. 25, in a transaction worth in various locations citywide. Bid 11 a.m. on Nov. 15 at Service Shop #4, 10-year lease for 3,800 square feet at $936,250. On the same day, he sold ● 233 Norman documents are available at 49-21 Metropolitan Ave., Queens. For 525 W. 42nd St., a 33-story building 29,006 shares at $58.20, in a transaction 77 Box St., Brooklyn http://www.nyc.gov/buildnyc. For more information, contact Sheridan owned by Gotham Organization. The worth $1,688,201. He now directly Filed for Chapter 11 bankruptcy additional information regarding this Ameer at (646) 610-5221 or company will move to the ground floor. holds 22,760 shares. protection on Oct. 22. The filing cites solicitation, contact Ben Perrone at [email protected]. Brad Cohen, Jason Pennington and estimated liabilities of $1,000,001 to (718) 391-2614. Patricia Garcia of Ripco Real Estate ● Starwood Hotels & Resorts Worldwide $10 million and estimated assets of represented the landlord, while Craig Inc. (HOT) $1,000,001 to $10 million. Among the ● Department of Parks and Recreation REAL ESTATE DEALS Hantgan of Esquire Properties Matthew E. Avril, president of the hotel creditors with the largest unsecured Requests competitive sealed bids by negotiated on behalf of the tenant. group, exercised options on 46,107 claims are the New York City 10:30 a.m. on Dec. 10 for the Companies that would like to have details The asking rent was between $55 and shares of common stock at $48.80 Department of Environmental construction of a bicycle path from of their recent transactions appear in these $60 a square foot. between Oct. 22 and Oct. 25, in a Protection, owed $60,444.15, Boro- New Dorp Lane to Gateway National listings should e-mail descriptions transaction worth $2,250,072. During Wide Recycling Corp., owed $10,800, Recreation Area in Great Kills Park, following this format to the same period, he sold 46,107 shares at and Liberty Elevator Co., owed Staten Island. A prebid meeting is [email protected], with “Real STOCK TRANSACTIONS prices ranging from $56.50 to $58.00, in $9,285.26. scheduled for 2 p.m. on Nov. 19 in the estate transaction” in the subject line, or a transaction worth $2,639,625. He now Design Conference Room at the enter them online at Following are recent insider transactions at directly holds 112,156 shares. ● Genergy Worldwide Inc. Olmsted Center, Flushing, Queens. crainsnewyork.com/submitadeal. Deals are New York’s largest publicly held companies 1370 Broadway For more information regarding this listed in order of square footage. filed with the Securities and Exchange ● Cognizant Technology Solutions Corp. Filed for Chapter 11 bankruptcy solicitation, contact Juan Alban at Commission by executives and major (CTSH) protection on Oct. 27. The filing cites (718) 760-6771 or COMMERCIAL shareholders. Listings are in order of Lakshmi Narayanan, vice chairman of estimated liabilities of $1,000,001 to [email protected]. ● Sesame Workshop signed an 18-year transaction value.The information was the board, exercised options on 38,000 $10 million and estimated assets of renewal lease for 140,000 square feet at obtained from Thomson Reuters. shares of common stock at $2.37 $1,000,001 to $10 million. Among the ● Department of Transportation 1900 Broadway, a 40-story, 400,000- between Oct. 15 and Oct. 22, in a creditors with the largest unsecured Requests proposals by 2 p.m. on Dec. 15 square-foot building owned by Philip ● American International Group Inc. (AIG) transaction worth $90,060. During the claims are Banco Popular, owed for an Engineering Service Agreement Milstein and Abby Elbaum, principals Fairholme Capital Management same period, he sold 38,000 shares at $800,000, the New York State involving engineering, design and of Ogden CAP Properties. The purchased 727,500 shares of common prices ranging from $66.51 to $68.05, in Department of Tax and Finance, owed inspection for intelligent transportation company is located on the second, fourth stock at prices ranging from $41.55 to a transaction worth $2,555,600. He now $102,797, and Unity Electric, owed systems projects and planning projects. and eighth floors. Barry Gosin, Moshe $41.76 between Oct. 25 and Oct. 26, in directly holds 1,560,000 shares. $81,796.01. A preproposal conference will be held at Sukenik and Robin Fisher of Newmark a transaction worth $30,323,804. 2 p.m. on Nov. 17 at 55 Water St., Knight Frank represented the tenant, Between Oct. 15 and Oct. 20, it also ● Omnicom Group Inc. (OMC) ● Ideal Diamond Solutions Inc. ground floor bid room. For more while Lester Schwalb of Ogden CAP purchased 191,000 shares at prices Michael J. O’Brien, senior vice 483 Ninth St., Brooklyn information, contact Mohamad Talas at Properties represented the landlord ranging from $41.33 to $41.43, in a president, general counsel and secretary, Filed for Chapter 11 bankruptcy (718) 786-2008. in-house. The asking rent was $55 a transaction worth $7,909,030. It now exercised options on 22,500 shares of protection on Oct. 25. The filing cites square foot. indirectly holds 66,015,400 shares. common stock at $23.40 on Oct. 22, in a estimated liabilities of $100,001 to GOODS AND SERVICES transaction worth $526,500. On the $500,000 and estimated assets of ● Brooklyn Navy Yard Development Corp. ● The Tribune Co. signed a lease ● MSC Industrial Direct Co. (MSM) same day, he sold 27,783 shares at prices $50,001 to $100,000. Among the Requests proposals by 5 p.m. on Dec. 1 renewing 24,600 square feet for six years David Sandler, president and chief ranging between $43.20 and $43.22, in a creditors with the largest unsecured for the successful daily management of and 100,600 square feet for 10 years at executive, exercised options on 100,000 transaction worth $1,200,331. He now claims are Larry Chasin, owed café operations and special events at the 220 E. 42nd St., a 37-story, 1.1 million- shares of common stock at $42.78 directly holds 25,918 shares. Ⅲ $450,000, Mary Forte, owed $215,000, Brooklyn Navy Yard Center, an square-foot building owned by SL and Vsworx Information Systems Pvt. exhibition and visitors center slated to Green Realty. Jeffrey Samaras, Louis Ltd., owed $81, 410. open in fall 2011. A mandatory D’Avanzo and Robert Gastal of presubmission meeting will be held at Cushman & Wakefield represented DEALS ROUNDUP ● Mount Prospect Group 10 a.m. on Nov. 8 at 63 Flushing Ave., the tenant, while David Kaufman 118 Fulton St. Unit 300, Building 292, third floor, negotiated in-house on behalf of the Filed for Chapter 11 bankruptcy Brooklyn. For further information, landlord. The asking rent wasn’t TRANSACTION SIZE COMPANY (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE protection on Oct. 22. The filing cites contact Aisha Glover at (718) 907-5965 available. estimated liabilities of $1,000,001 to or [email protected]. Gávea Investimentos $270.0 Highbridge Capital Management SB M&A $10 million and estimated assets of $0 to ● Faunus Group International signed (Manhattan) (55%) $50,000. The creditors with the largest ● Department of Environmental Protection an 11-year lease for 18,000 square feet at Israel Discount Bank Ltd. $228.7 Citigroup Inc. (Manhattan) SB M&A unsecured claims are PSE&G, owed Requests competitive sealed bids by 80 Broad St., a building owned by Swig (11.7%) $7,576, and the City of Newark Water 11:30 a.m. on Nov. 4 for the services of a Equities. The company will occupy the Burlington Arcade Ltd. $163.0 Thor Equities (Manhattan), SB M&A Department, owed $2,300. truck-mounted crane with operating 22nd and 34th floors. Jamie Meyer Bergman Ltd. engineer and oiler. Work includes Drummond, Steven Jaray and Sheena Three Rivers Pharmaceuticals $100.0 Kadmon Pharmaceuticals SB M&A ● Sunshine Limousine Services Inc. removal of miscellaneous debris from Gohil of Colliers International (Manhattan) 68-33 Alderton St., Queens drainage ditches and water courses, and represented the tenant, while Todd ITG Investment Research Inc. $53.0 Investment Technology Group SB M&A Filed for Chapter 7 bankruptcy loading the removed materials into Korren negotiated on behalf of the Inc. (Manhattan) protection on Oct. 29. The filing cites dump trucks provided by the DEP landlord in-house. The asking rent in Coolpoint Energy Ltd. $50.3 Och-Ziff Capital Management GCI estimated liabilities of $100,001 to for disposal. For more information the building is around $32 a square foot. Group (Manhattan) $500,000 and estimated assets of $0 to regarding this solicitation, contact Realm Energy International Corp. $5.9 Soros Fund Management GCI $50,000. The sole creditor holding an Greg Hall at (718) 595-3236 or ● Perceptive Pixel signed a six-year lease (Manhattan) unsecured claim is J.P.Morgan Chase, [email protected]. for 10,000 square feet at 102 Madison Xebec Adsorption Inc. $3.7 AWM Investment Co. (Manhattan), GCI owed $102,888.02. Ave., a 12-story, 108,300-square-foot individual investors ● Department of Health and Mental building owned by A. Ruth & Sons. Birchbox Inc. (Manhattan) $1.4 Accel Management Co., GCI Hygiene Alan Bonett of Adams & Co. Real First Round Capital, individual GOVERNMENT CONTRACT Requests competitive sealed bids by Estate represented the tenant, while investors OPPORTUNITIES 11 a.m. on Nov. 17 from qualified Michael Dreizen, Andy Udis and Lee Socket Mobile Inc. $1.0 Hudson Bay Capital Management GCI vendors certified to inspect, test and Ruth of Newmark Knight Frank (Manhattan) Following are selected contract service filtering devices and to furnish all represented the landlord. The asking Selected deals announced for the week ended Oct. 31 involving companies in metro New York. opportunities recently announced by New labor and materials necessary to provide rent was $36 a square foot. GCI: Growth capital investment represents new money invested in a company for a minority York City agencies.To learn how to sell clean air device service to various stake. SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing goods and services to city government, visit buildings owned and/or operated by the ● Builders Group signed a six-year shares of a company without the participation of a financial buyer. source: capitaliq www.nyc.gov/selltonyc. For a searchable Bureau of Operations of DOHMH sublease for 10,000 square feet at 45

26 | Crain’s New York Business | November 8, 2010 20101108-A--0027-NAT-CCI-CN_-- 11/5/2010 1:49 PM Page 1

store here brings in an estimated $25 placing them with their jobs in a can- site—one without zoning hurdles— million a year in grocery sales alone, nibalistic way,” says City Council which will reduce union leverage. In Here comes Walmart says Burt Flickinger, a retail analyst Speaker Christine Quinn. the end, labor might have to settle for with Strategic Resource Group. The fight has begun in East New more modest concessions. One blue- Continued from Page 1 the retail unions in fighting Walmart, Brian Sozzi,a retail analyst at Wall York, Brooklyn, where Walmart is print is a deal Walmart agreed to at its not just thinking about it and dab- which said it will build with union la- Street Strategies, says, “Walmart’s eyeing 180,000 square feet at The Pullman neighborhood location in bling. They’re dancing around the bor. The Building and Construction desperately trying to ramp up growth, Related Companies’ Gateway II Chicago to pay workers up to $9.35 city.” Trades Council declined comment. and urban areas [in the U.S.] are the complex. The City Council OK’d an hour after their first year on the job. And the retailer might find a real Walmart’s competitors are thriv- next frontier.” plans for a 630,000-square-foot But the price of admission in New estate partner this time. ing here. Costco has five stores in shopping center there last year, but York will be a lot higher. Last month, Walmart announced New York and wants additional loca- All eyes on East New York the vote didn’t take into account the “Walmart can say,‘We have an as- that it would consider stores far tions in the outer boroughs. The BUT MANY LABOR LEADERS and their po- “higher order of environmental im- of-right site and want to sit at the smaller than its typical 150,000- stores averaged sales of $185 million litical allies, worried that the non- pact” of a Walmart, says Richard table and talk about how we can go square-foot supercenter. With no in fiscal 2010, 35% more than the union retailer will erode the shrinking Lipsky, a lobbyist for the Retail, into a community without the shortage of 30,000- to 60,000- company average, Costco says. market share of unionized stores in Wholesale and Department Store tremendous backlash we know is square-foot spaces in the city, the Target has 10 stores in the city,and New York, are equally desperate to Union. Mr. Lipsky is preparing a le- coming,’or it can fight,”says Pat Pur- “Smallmart” strategy could nullify supermarket union officials say its stop Walmart. gal challenge to the initial approval. cell,assistant to the president of Unit- longtime opponents’ most potent growing food and beverage opera- “When you look at the places [it] Even if opponents prevail in East ed Food and Commercial Workers weapon—the City Council’s zoning tions could make the company a fo- has gone, they’re just pushing out the New York,it’s just a matter of time be- Local 1500.“They want to fight,we’ll hammer.No matter how loudly labor cus of labor opposition. Each Target longtime mom-and-pop jobs and re- fore Walmart secures an “as-of-right” fight.They want to talk, we’ll talk.” Ⅲ and political foes shout about Wal- mart’s potential impact on nearby small businesses, its antiunion policies or its alleged discrimination against women, the downsized approach makes for a smoother entry into New York. Ms.Consolo says a team of at least a dozen Walmart real estate experts is looking at space all over Manhat- tan—from East Harlem to the Sixth Avenue Ladies’ Mile strip. And she says the company has not ruled out entering the local market via pop-up stores,as Target did.It could also purchase an existing big-box chain, such as Pathmark, whose parent, A&P, is choking on $1 billion in debt. Wal- mart is sitting on $10 billion in cash. In a down economy, Walmart hopes to build community support by highlighting its potential economic impact. Last year, the company spent $5.7 billion with 835 New York City suppliers, and its foundation has given more than $9 million in grants to nonprofits here in the past three years. Though smaller formats are likely,Walmart isn’t giving up on stores of 80,000 to 150,000 square feet, says Director of Community Affairs Steven Restivo. It’s looking “across the entire city,”he says,and will probably zero in on poor neighborhoods, where unemployment is high and fresh-food options are limited. “We can be part of the solution in terms of addressing unemployment and improving access to affordable, healthy food,” Mr. Restivo adds. Walmart has a stalwart local supporter in the mayor, who said last week through a spokesman that “we shouldn’t tell businesses that want to invest and create jobs in New York City that they can’t.” Working the community angle IN CHICAGO, Walmart eventually won over ministers, community leaders and construction unions by focusing on jobs, and it will use the same strategy in New York. Already, the Hip-Hop Summit Youth Council and community leaders have launched Walmart 2 New York City, arguing that the retailer would create jobs. Walmart officials say it has no ties to the group, but it has partnered with Russell Simmons’ Hip-Hop Summit Action Network, a sister organization of HHSYC. Meanwhile, leaders of the city’s building trades are still irritated that the retail union engineered the defeat of a proposed mall at the Kingsbridge Armory last year, killing 1,000 construction jobs.With its members facing 30%-plus unemployment rates, the trades have little incentive to join

November 8, 2010 | Crain’s New York Business | 27 Project84:fp template.qxd 11/4/10 12:10 PM Page 1

Early on in his career, Joseph Weilgus worked as an intern at a top consulting firm. He used CRAIN’S annual Book of Lists as the ultimate prospecting tool, eventually building enough of a client base to start his own business.

Today, as Chief Executive Officer of investment and financial advisory firm New Legacy Group and founder of Project Sunshine, a multi-national children’s non-profit organization, Joe continues to use CRAIN’S assets to build his growing empire.

C N Y B : M C 25 Y . 20101108-A--0029-NAT-CCI-CN_-- 11/5/2010 9:13 PM Page 1

a show once,”says Larry Gerbrandt, founder of consulting firm Media Broadcast redux Valuation Partners.“They air it over Wall St. hiring again and over, so they can [build] an au- Continued from Page 3 billion last year. dience.” Continued from Page 2 work to experienced people here. must-see programming,” says An- While the signs are upbeat for But broadcasters can tap into lo- paid work force keeps shrinking. In Business is booming, says Mr. thony DiClemente,media analyst at the broadcast business, CBS is the cal advertising markets in ways that the first nine months of the year, Leopard, himself a refugee from Barclays Capital. “The broadcast standout when it comes to audience few cable channels can,most notably 2,700 securities-industry employees Bear Stearns.Accordion has already networks have more of it than any- growth. According to Nielsen, its in an election year. This frenzied here lost their jobs,according to data grown to 20 employees, and he one else.” prime-time ratings are up 3%, to a campaign season pumped an esti- from the U.S. Bureau of Labor Sta- hopes to make it 100 in two years. These positive signs come amid 3.3 (about 4.4 million viewers), mated $3 billion into local advertis- tistics. In the past two years, 16% of “We don’t see any competitors in anxiety over so-called cord-cutters: among adults aged 18 to 49—the ing, according to Kantar Media. New Yorkers who worked on Wall our particular space here yet,” he viewers who stop paying for cable most desirable demographic for ad- With automakers spending on Street, or 30,000 people, have been says. “But we think there will be a and watch their favorite shows on vertisers.The network recently took marketing again, advertising should thrown out of work. wealth of them soon.” DVD or the Internet. Recently, the rare step of ordering full seasons stay strong “at least through the first Further, while the industry has Comcast reported that it lost of all five of its new shows. half of 2011,” says Jason Kanefsky, traditionally rehired in large num- Much better than nothing 275,000 basic-cable subscribers in head of strategic investments at me- bers when fortunes rebounded,some CONTRACT WORK is no substitute for the third quarter,twice as many as in Fox takes big hit dia planner MPG. analysts doubt that it can do so this a lucrative full-time job but is infi- the year-earlier period. Time War- THE OTHER THREE networks have Broadcasters can also better af- time.Stricter regulations are expect- nitely better than nothing, as ner Cable lost 155,000 subscribers, suffered new-show cancellations, ford new shows now that cable op- ed to crimp Wall Street profits from Howard Frank has discovered. and Cablevision 24,500. and only NBC has also improved its erators are paying to carry local sta- such activities as derivatives and pro- Laid off 10 months ago after 20 Though cable executives blame numbers. Its 3.1 rating marks an 8% tions’ signals. Fox’s deal with prietary trading for years to come. years at Banco Santander, where he the weak economy and claim that improvement over last year, when it Cablevision will result in payments In this challenging environment, worked in audit and compliance, there is no evidence of a trend toward was dealing with The Jay Leno Show that start at 55 cents per subscriber banks need to lower costs.That pri- Mr. Frank has temped for a couple dropping cable for Hulu or Netflix, fiasco. and climb to $1 over five years, ac- marily means employing fewer peo- of accounting firms in recent analysts say the cord-cutting threat Fox has been hit especially hard, cording to Nomura Securities me- ple or paying them less. To help months. In pursuit of something is real and increases the importance falling 16%,to a 3.1.Some of that de- dia analyst Michael Nathanson. firms make such adjustments, a new more stable, he paid the admission of popular, original programming. cline is attributable to a low-rated That would total almost $40 million breed of firms, including Accordion fee and dutifully queued up at the In a research note last week, World Series and to Fox’s recent fight in revenue annually by the end of the Partners, is stepping in. job fair to apply for a position at the Needham & Co.senior analyst Lau- with Cablevision over carriage fees, contract. Launched 12 months ago, Ac- Federal Deposit Insurance Corp. ra Martin wrote that broadcast net- which resulted in Fox 5 going dark for CBS expects to have retransmis- cordion offers financial institutions a Tough as the job market is,he has work series “that can be sold to a two weeks in the New York system. sion revenue of $250 million by chance to save big by temporarily seen one big sign of improvement: growing number of offshore cable ABC’s ratings are down 7%, to a 2012. hiring analysts laid off by big banks After months of silence,he says,em- channels” make for a successful me- 2.8. Analysts say the payments will and private equity shops. Chief Ex- ployers have begun returning his dia company. Analysts say the broadcast mod- only rise. “Look at what cable net- ecutive Nick Leopard contrasts Ac- calls.Mr.Frank has even scored a few CBS has done especially well in el, in which shows are aired only works get paid for much smaller au- cordion’s service with banks’practice interviews in recent weeks. this area. Licensing and distribu- once a week, makes it harder to de- diences and less original content,” in recent years of outsourcing basic “It’s started opening up a bit,” he tion, which include syndication velop a moneymaking series. says Mr. Nathanson. “You could ar- analytical work to low-cost countries says.“The issue now is that there are sales for franchises like CSI and “Cable’s model has been more gue that broadcast has a lot more up- such as India. The firm allows the eight or 10 qualified people for every NCIS, generated revenue of $3.2 successful because they don’t just air side to go.” Ⅲ same banks the chance to return that position.” Ⅲ

Meet Michael Austin.

Campbell native. Dad. Small business owner. Supporter of natural gas.

“Natural gas has made my business get larger than we would have if we had done just regular site work. It’s allowed me to get better pay and better beneﬁts for my people. And the companies we’ve worked with are very adamant about making sure the environment’s taken care of so that future generations can enjoy it. I have a daughter that’s eight years old. I want her to have a clean America too. That’s what it’s all about.”

To learn more about natural gas in our communities, visit www.FriendsOfNaturalGasNY.com

November 8, 2010 | Crain’s New York Business | 29 20101108-A--0030-NAT-CCI-CN_-- 11/5/2010 8:06 PM Page 1

behind bars for vehicular manslaugh- City University of New York. Upon ter,but Mr.Aidala whittled that down graduating in 1992, young Mr. Defender to 90 days by uncovering that the vic- Aidala applied for a job with Man- tim had been drinking, too. Mr. hattan District Attorney Robert Continued from Page 3 Rapetti was acquitted of all 40 charges Morgenthau, but was rejected. the law a little bit—not a lot, just a by a judge who determined—with “Imagine how embarrassing. little! They know they’ll have to pay Mr. Aidala’s help—that there were Everybody knows that my dad was a for it,but should they have to pay for many other factors beyond the crane DA and I can’t get a job,” he admits. the rest of their lives?” rigger’s responsibility that could have He finally landed a job in the Brook- Many would argue that such contributed to the collapse,such as the lyn DA’s office. He spent nearly four crimes involve breaking the law missing bolts that should have an- years as an assistant district attorney BREAD OF HEAVEN: more than “a little bit.”Indeed,most chored it to the ground. before launching a failed run for a Parks Commish of his cases end with some sort of How does he do it? “It’s this com- City Council seat in Bay Ridge. Adrian Benepe ogles guilty plea. bination of passionate advocacy with new fare. But Mr. Aidala insists that his an oversized personality,” says Nas- Drawing a line clients are good people caught in sau County District Attorney Kath- HIS FIRST BRUSH with notoriety bad situations. “I try to bring up the leen Rice, who has faced Mr. Aidala came in 1999, when he successfully

mitigating factors,”he says.“There’s once in the courtroom. (The trial used the “battered woman’s syn- buck ennis always more to the story.” ended in an acquittal.) He has a sense drome” defense in representing In his corner of the legal world, of drama, she explains, and can draw John Pickett, a young gay man who “victory” is defined differently. For out a story as he appeals to the jury. killed his abusive lover with a knife. Hot diggety dog his clients, Mr. Aidala’s counsel can Mr. Aidala did such a good job These days, he is working on a mean the difference between a con- appealing to the jury in the Brigitte milestone case with famed criminal viction for manslaughter (five to 15 Harris murder trial last year that defense attorney Alan Dershowitz. Continued from Page 1 Brooklyn, which serves Salvadoran years in prison) rather than murder they refused to convict. The two were hired by the family of to promote healthful foods also cuisine, pays $1,200 annually. (25 years to life). Though Ms. Harris confessed to Mr. Lebovits to appeal the rabbi’s played a role in shaping this new High-volume locations in prime The Brooklyn native learned his her crimes in the death of her father, April conviction for molesting a policy, which will likely have the parks cost the most dough. That’s way around the courts early—his fa- Mr. Aidala painted such a vivid pic- teenage boy.Though Mr.Aidala took added benefit of contributing more why Culinary Engineers forks over ther, Louis Aidala, was Manhattan’s ture of what she had endured—that on Ms.Harris’case pro bono,he usu- to the city’s coffers. Because most of $108,000 a year to sell organic cup- top prosecutor in the 1960s and early her father had physically and sexu- ally charges $500 to $750 per hour, the new menu items are pricier than cakes and milkshakes by the steps of 1970s, and served as special prosecu- ally abused her since age 3, that she and will often negotiate a flat fee. the old standbys, some vendors can the Metropolitan Museum of Art, tor for the Attica Prison riots cases. tried to report the abuse but was si- Yet there are some matters Mr. afford to pay a higher licensing fee. off Central Park; the fee will grad- lenced by family members, and that Aidala won’t touch. He avoids Mob- The initiative started two years ually rise to $158,122 over five Facing seven years when she objected to her young related cases.“They don’t sit well with ago, when the Parks Department years. By contrast, the vendor will RATHER THAN COMING OFF as anoth- nieces accompanying him on a trip me, given my Italian-American her- asked Boston Consulting Group to pay $27,000 a year to set up shop er bombastic lawyer, Mr. Aidala ex- to his native Liberia,she was warned itage,” he says. Drug dealers and pe- conduct a pro bono study, which es- next May in Washington Square udes reasonableness. And candor. not to humiliate her father.“She just dophiles are also beyond the pale— sentially concluded that New York Park. Somehow, you want to like him. lost it,” says Mr. Aidala. unless it’s a first-time arrest.He trusts parks lacked diversity in their food “Arthur is a superbly prepared tri- The jury agreed, finding his his gut about people, he says. offerings.That same year, a handful A Ladle of Love al lawyer,”says Brooklyn District At- client not guilty of murder and set- And when he’s nervous ahead of of ethnic and gourmet vending op- TO SOME DEGREE, these vendors de- torney Joe Hynes.“We go up against tling on a verdict of manslaughter. a big verdict, he makes sure to talk erations were brought on, such as termine their own rent because they him all the time—sometimes we State Supreme Court Judge Arthur with his father. “He always says the the dosa cart in Washington Square bid for their operating licenses.The win; sometimes we lose—but he is a Cooperman scolded them for “giv- same thing,” Mr. Aidala says of his Park, selling South Indian crêpes, four new food trucks at Tavern on very ethical, decent human being.” ing in to their sympathies.” role model. “Did you do everything and the Urban General Cart at Mc- the Green, for example, are paying Judges and juries seem to think Yet Mr. Aidala’s career didn’t you could do for your client? Then Carren Park in Brooklyn, which wildly different fees to stand side by so, too. start off promisingly. The only law you can sleep well tonight, no mat- sells organic sandwiches. side. Ladle of Love, a Westchester- Mr. Kelly was facing seven years school that accepted him was at the ter what the verdict is.” Ⅲ But the real push started this based eatery that serves soups, is year. In total, 29 new specialty carts shelling out $100,000 a year, while and trucks have been granted licens- veteran food truck operator Rick- component and it’s guilt-free,” says unteers to see the impact of climate ing agreements with the Parks De- shaw Dumpling pays $45,000. Jeff Trexler,an attorney for nonprof- change up close and see that con- partment in Manhattan, Brooklyn Central Park so far has benefited Giving it groups. nection between sustainability and and the Bronx; 11 of those are set to the most from the city’s new plan, in business,” says Leisha John, E&Y’s open next spring. Overall, they rep- part because of the sheer volume of Continued from Page 2 Office perk Americas director of environmental resent $4.4 million in potential rev- visitors: 35 million people annually, kids store gave 25% off a coat pur- WHILE SOME COMPANIES use charities sustainability. enue for the city over the next five up from 25 million five years ago. In chase to those who brought in old to attract shoppers, others are luring Younger people are getting par- years, and that number will grow as September, Culinary Engineers re- coats, which were then given to or- new talent. Late last year, Time ticularly involved.Because of exten- new vendors sign up. All told, the placed two hot dog vendors. Next ganizations that help those in need. Warner Cable launched Connect a sive media coverage and social net- Parks Department takes in $15 mil- May,Rouge Tomate will debut a cart United Way reports that contri- Million Minds, a program to raise working,Generation Y is attuned to lion annually from its food conces- on Fifth Avenue and East 64th butions from retail companies are up money for math and engineering global problems and inclined to try sionaires. Street,just a few blocks from its flag- 13% this year, and the American students. to fix them. ship New York restaurant, succeed- Red Cross says retail support has In April, accounting firm Ernst Many are starting charitable en- Cash no longer king ing a hot dog vendor at the corner. held steady or increased throughout & Young started a program in con- terprises that create an income IN THE PAST, the department award- “We have had our eye on that lo- the recession. Yesterday’s ING New junction with the Earthwatch Insti- stream beyond donations. For ex- ed licenses to the highest bidder. cation because of its proximity to the York City Marathon was expected tute in which select employees went ample, the recently founded Nomi Now, with many licenses expiring, restaurant and to the zoo,” says Pe- to raise $26 million for its 190 par- to Costa Rica on a week-long expe- Network sells tote bags made by for- the agency is issuing requests for ter Esmond, director of operations ticipating charities, up $2 million dition to study climate change and mer victims of sex-trafficking in proposals that value quality and cre- for the Belgium-based eatery,which from last year. The plan by Nord- environmental sustainability.Ninety Cambodia, with proceeds going to ativity over cold cash. serves modern American cuisine. strom, which declined to comment applied for 16 slots,and the firm says those at risk. “We reminded ourselves that the Rickshaw Dumpling has a li- further on the SoHo location, demand is so high for the corporate- “You can choose to eat well or primary purpose of the concessions cense to set up a truck in May on sharpens the momentum. responsibility fellowships that it sleep well,” says NYU’s Mr. Gersh- in the parks is to enhance people’s West 77th Street and Columbus Experts say stores can effectively hopes to add more this year. These man. “Some people may have been experience, not to make money for Avenue, at Theodore Roosevelt use such nonprofit connections to types of initiatives can be costly, but eating well, and now, they’d like to the city,” explains Mr. Benepe. Park. Owner Kenny Lau had actu- persuade consumers to spend. E&Y officials say the return—em- sleep well. Younger students are But higher-quality food some- ally secured that license and the “There’s a sense that buying may ployee retention and enjoyment—is looking for a certain kind of fulfill- times does translate to more money. truck he’d need for it before he seem indulgent, like a luxury many worth it in their case. ment at work that maybe previous In May, Brussels-based Le Pain learned that he’d been selected for can’t afford, but throw in a charity “This is a great way for our vol- generations were not.” Ⅲ Quotidien took over a café at Central the Tavern on the Green site,but the Park’s Mineral Springs pavilion that city asked him to open first at the used to sell hamburgers and hot dogs. defunct landmark eatery. oping a training institute for teach- campaign to create an endowment. “The gross receipts have soared Officials say they won’t eliminate ers from around the world in its new Further down the road are plans to compared to what we used to get hot dogs and hamburgers from the Blue U. building. develop a middle school. there,” says the commissioner. parks menu entirely, and the shift to “We feel we have something to For now, though, the pioneers The economics of these vendors’ different types of vendors will be Continued from Page 3 offer education, and we’re excited to behind the school are reveling in businesses are as varied as the foods gradual.It remains to be seen whether gether a new model of learning that share our approach beyond our their new home. “It was a hard leap they offer, so there is no uniform fee the newcomers will be successful. stresses allowing children to use small school in Manhattan,” says for us to think about leaving the East structure. “If people really want hot dogs their own creativity and curiosity. Renee Rolleri, co-founder of the Village,where the school has always Van Cortlandt Park in the Bronx and pretzels, then these other carts Interest in the Blue School’s school and chairman of its board. been,” Ms. Rolleri says. “But we’re has one vendor, Intercontinental won’t survive,” says Mr. Benepe. methodology has grown to the Once settled in its new building, excited to be part of the revitaliza- Bonafide BBQ,that pays the city just “But if people are willing to pay a lit- point that the school is also devel- the Blue School plans to launch a tion downtown.” Ⅲ $650 a year.El Omega in Red Hook, tle extra, then they’ll make it.” Ⅲ

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of 94%consumers will spend the same or less on holiday gifts this year as in ’09; most expect to spend $200 to $500 BUSINESS LIVES Source: Western Union Payments

HOT JOBS EXECUTIVE INBOX BIG-TIME: As the chief scenic artist for the Metropolitan Anne Fisher ASSET MANAGER Opera, Douglas AGENCY NYC Department of Envi- Lebrecht has hit a ronmental Protection high note. White-collar JOB DESCRIPTION Manage and control the plant’s assets boxing makes MOST IMPORTANT TASKS Estab- a comeback lish performance standards, procedures and methods; plan, organ- ONE NIGHT A MONTH for 17 years, ize, direct and supervise spectators swarmed to Gleason’s procurement and other administra- Gym in Brooklyn to watch judges, tive functions accountants and business CREDENTIALS NEEDED Bachelor’s owners—amateur boxers all—duke degree in architecture, engineer- it out in the ring. The gym, which ing, business or public administra- has prepped champs including tion; five years or satisfactory expe- Mike Tyson, “started these white- rience in those fields collar bouts to give businesspeo- SALARY $80,000-$95,000/year ple training here a goal,” explains RECRUITER Internal owner Bruce Silverglade. Then, in DOWNSIDE Must select, train and 2006, the state boxing evaluate personnel commission banned the fights. “The concern was, were the UPSIDE Work with a small staff in a self-directed, entrepreneurial people stepping into the ring in environment good-enough shape to do it?” says Perry D’Alessio, a partner in The Department of Environmental Manhattan accounting firm Protection is responsible for the city’s environment, and regulates D’Alessio Tocci & Pell, who has air quality and hazardous waste. trained at Gleason’s for 14 years. Now, white-collar boxing is —BRIAN CHAPPATTA back, and Mr. Silverglade plans to resume his gym’s bouts. USA Boxing, which governs amateur boxing, just took the sport under EXECUTIVE MOVES its wing. It is requiring white-collar pugilists to bring doctors’ notes Guardian Life Insurance Co. of stating that they’re fit to box. America: Deanna M. Mr. D’Alessio is one of Mulligan, 47, has been GOTHAM GIGS hundreds of supposedly promoted to president buttoned-down New Yorkers who and chief operating box to stay in shape, let off officer. She was most steam and, yes, impress clients. recently executive vice He got hooked after a charity president, individual life and disability. match with about 2,200 cheering Bain & Company: John Senior, 40 has He’s on the Scene joined the business consulting firm as a spectators. “I’m an accountant,” partner in the global media and Mr. D’Alessio says. “We don’t telecommunications practices. He was WHEN DOUGLAS lebrecht began working in the scenery usually get thrills like that.” most recently a partner at Oliver ‘I have so department at the Metropolitan Opera in 1978, his job was to glue Boxing has also been great for Wyman. Mr. D’Alessio’s business. “When Maialino: Liz Nicholson, 29, joined the many material onto netting for a production of Verdi’s Rigoletto.Today, clients Google me and see press restaurant as wine director. She was he is the chief scenic artist for the Met, overseeing set creation for most recently the beverage director at talented coverage of my past fights, they Resto. all productions and managing as many as 45 craftsmen. ¶ It call me up to talk about it,” he Maude: Chris Knight, requires nearly a year to create a new opera set from scratch. says. “I believe they like to think 30, joined the people, I of their accountant as a fighter— advertising agency as Among Mr. Lebrecht’s most elaborate projects was last season’s and therefore able to better fight associate creative enjoy production of Verdi’s Attila, which required his team to build a 55- for them in their business efforts.” director. Previously, he John E. Oden, a principal at worked as a freelance directing foot wall of jungle landscape, from real and man-made plants, copywriter for various that furthermore had to come apart. ¶ The job is a perfect fit for money manager AllianceBern- campaigns. them’ Mr. Lebrecht, 60, who dreamed of a career in the arts while stein and a veteran of some 20 Damion Waters, 29, has been promoted white-collar matches, also thinks to senior interactive designer and digital growing up on an Indiana farm. After college, he constructed the sport has helped his career. creative team leader. Most recently he scenery at regional theaters before heading for New York and the “Even if clients aren’t boxing served as an interactive designer. fans, they appreciate the disci- Africa Israel USA: Peter Rosenberg, 42, big time. After years of freelancing for Broadway shows, films, has been named managing director of commercials and productions at the Met, he now appreciates the pline and focus,” says Mr. Oden, development at the real estate company. who spars at the New York Athlet- He was formerly director of stability his job provides. But sometimes he misses getting his ic Club. “Who doesn’t want a mon- development and construction at Stellar hands dirty. ¶ “I spend more time making budgets and counting ey manager with those qualities?” Management. hours, and I’d prefer to be painting,” he says. “But I have so many WillowTree Impact Investors: Gabriel DO YOU TAKE PART in amateur sports? Rabinovici, 37, has been named talented people, I enjoy directing them.” Has it helped your firm? Tell us at MIRIAM KREININ SOUCCAR See EXECUTIVE MOVES on Page 33 — buck ennis www.crainsnewyork.com/execinbox.

November 8, 2010 | Crain’s New York Business | 31 20101108-A--0032-NAT-CCI-CN_-- 11/4/2010 9:00 PM Page 1

RÉSUMÉ REVIEW CNN newsmen show stuff Is your job search all it could be? We ask the experts. Exec producer focuses makes you think it can work? intellectual combat,where you don’t Piers has interviewed politicians have to take a side, but let the best NAME CATHERINE A. TANUJAYA on big ideas, right mix and pop stars and real newsmakers ideas play out in front of you. SUMMARY with great success in England. The Human resources administrator for Piers, Larry’s heir show will be about the intersection So you’re saying that in an age of niche of interest and importance, and the programming, a general-interest news PROFESSIONAL EXPERIENCE key will be getting that mix right. If show still has appeal? l Latham & Watkins, 2008-present BY MATTHEW FLAMM you focus on making the best broad- There used to be two places you Human resources global benefits cast every single night, the rest will could go to find out what the vast, coordinator N JANUARY, Piers Morgan take care of itself. middle-lane highway of America Administer health care and insurance benefits for about 4,000 Tonight will replace Larry King was talking about: the Today show employees, associates and partners worldwide; provide benefits and Live, a CNN fixture for 25 Cable news channels that appeal and Larry King Live. Since the me- human resources for 30 office locations worldwide years. The cable news network to the right or the left get the biggest dia landscape has gotten so frac- l Air France, 2003-2008 Iwill be counting on the new show, audiences. Will Mr. Morgan be taking a tured, it doesn’t feel like there’s one Human resources benefits administrator featuring British journalist and side? place anymore you can go to find out Handled 3 system conversions for health care automation; performed America’s Got He is an opinionated interviewer what the zeitgeist is. Hopefully, file maintenance; reviewed benefits reports and vendor audits Talent judge who is nonpartisan. He is very in- Piers Morgan Tonight will go right Piers Mor- quisitive and spirit- for the biggest names and the EDUCATION MOVERS & gan, to boost ed, and he is de- biggest newsmakers and the biggest l Pace University, entrepreneurship management and international SHAKERS its struggling termined to get news as it’s happening. marketing prime-time his questions an- Résumé appears in condensed form. ratings. To swered, but he Will you be able to take it easy, since EXPERT ADVICE Jonathan help make the does not bring this show is only one hour, compared Catherine has detailed her duties, but not in a way that effectively markets show a suc- an agenda.There with, say, four at Today? Wald cess, CNN is a lot of success It takes just as much effort, energy her as a candidate. She needs to change the bulleted format, create hired Jona- to be had in be- and discipline to produce one great greater visual appeal and emphasize company names, as she has had than Wald—a ing the Roman hour of television as to produce good experience at well-known organizations. veteran of the Today show, NBC Colosseum of four hours or even 12 —nancy schuman, vice president, Lloyd Staffing Nightly News and CNBC—as exec- hours.This kind of To contact this candidate or to be featured in “Résumé Review,” e-mail us utive producer. work tends to ex- at [email protected]. pand to fill all There’s a lot riding on this show, given available time, the ratings problems at CNN. What anyway. Ⅲ

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32 | Crain’s New York Business | November 8, 2010 20101108-A--0033-NAT-CCI-CN_-- 11/5/2010 11:33 AM Page 1

Thompson Hine: Faith Brown Brothers Harriman & Co.: G. Scott EXECUTIVE MOVES L. Charles, 49, joined Clemons, 42, has been promoted to chief CORPORATE LADDER the law firm as a investment strategist for the wealth Continued from Page 31 partner in the management business at the financial EMMIS EXEC TUNES IN MORE STATIONS managing partner for the global impact corporate transactions firm. He had been office head of the investment fund. He was most recently and securities practice New York wealth management practice. EMMIS COMMUNICATIONS NEW YORK has promoted Ebro managing director at Concurrent group. She had been a Highland Associates: Ian Tornquist, 44, Darden to vice president of programming for its three local Capital. partner at Mintz was named senior associate, retail store radio stations, WQHT (Hot 97), WRKS (98.7 Kiss FM) and Caribbean Women’s Health Association: Levin. design, at the architecture, engineering WRXP (101.9 RXP). In his new position, he will oversee Cheryl Hall, 59, joined as executive Mirae Asset Global Investments: Robert P. and interior design firm. He was programming for the entire broadcast group. He will director of the advocacy group and Mulligan, 45, was named senior vice previously director of planning and service provider. She was most president and strategic relationship design at Echeverria Design Group. implement programming brand strategies and expand the recently vice president of government manager at the investment manager. He Macy’s Parade and Entertainment Group: company’s digital presence. Mr. Darden, 35, began his relations at Lutheran Family Health had been the director of national Amy Kule, 45, has been promoted to career at Emmis New York in 2003 as music director for Centers. accounts at GE Asset Management. executive producer of the Macy’s Hot 97 and was promoted to program director in 2007. Hunton & Williams: Gregory F.Lang, 45, Ad.ly: Dana Drazin, 34, joins the celebrity Thanksgiving Day Parade and its 4th of Prior to joining Emmis, Mr. Darden held a variety of positions over a 13-year joined the law firm as a partner. He was micro-endorsement platform for digital July Fireworks. She was Macy’s group period at radio stations in Sacramento, Calif., and Portland, Ore. formerly a partner at Edwards Angell media as the director of sales in New vice president of national events and —MARK FRANKEL Palmer & Dodge. York. She was most recently director of partnership marketing. Michael J. Madden, 40, joined the law sales for New York at SV Network. —maggie wells firm as a partner. He was formerly a partner at Edwards Angell Palmer & Dodge. SapientNitro: Ilana Gamza, 29, joins the customer experience company as senior manager of social marketing strategy and analysis. She was previously interactive producer at Wieden + Kennedy. Aon Risk Solutions: Sonia Pollock, 46, joined the risk management and insurance brokerage business as senior vice president. She was formerly senior vice president at Willis North America. Warner/Chappell Music: Ron Broitman, 41, was appointed senior vice president and head of synchronization at the music publishing arm of Warner Music Group Corp. He was previously senior vice president of film, TV and advertising at Sony/ATV Music Publishing. Artists Space: Richard Birkett, 34, will join Artists Space as curator. He was previously a curator at the Institute of Contemporary Arts, London. Wilson Sonsini Goodrich & Rosati: Charlotte Kim, 40, has joined the law firm’s New York office as a partner in the corporate finance practice. She comes from Choate Hall & Stewart, where she was a partner in the finance and restructuring practice. Traffiq: Lori Goldberg, 40, joined as senior vice president, client services, at the digital media work-flow platform. She was most recently chief executive of accelDigital. Eric Picard, 42, joined as chief product officer. He was most recently an advertising technology adviser at Microsoft. Arnold & Porter: Stephen Double, 38, joined the law firm as of counsel. He was most recently of counsel at Allen & Overy. The Beechwood Organization: Carol Bosco, 55, has been promoted to senior vice president at the real estate company. She was formerly vice president. Wolf Haldenstein Adler Freeman & Herz: Charles J. Hecht, 71, has joined the law firm as a partner. He was formerly with Hecht & Associates, where he was founding partner and managing partner. PepsiCo: Grace Puma, 47, was named senior vice president and chief procurement officer. She joins from United Airlines, where she was senior vice president and chief procurement officer. Envestnet Inc.: Marion Asnes, 54, was appointed managing director and chief marketing officer of the wealth advisory company. She was formerly editor in chief of Financial Planning magazine. EXECUTIVE PROMOTIONS

The fastest way to get an announcement into Crain’s is to submit details online. Fill out the form at www.crainsnewyork.com/submit. The Executive Moves column is also available online.

November 8, 2010 | Crain’s New York Business | 33 20101108-A--0034-NAT-CCI-CN_-- 11/5/2010 11:34 AM Page 1 chemex / INSATIABLE CRITIC Gael Greene WEDNESDAY , NOVEMBER 17 flickr.com Join CITIBANK and local business owners THE for a discussion that will prepare small businesses for success in 2011. This event will be held from 6 p.m. WEEK to 8 p.m. at the Citibank branch at Hurricane Club 555 La Guardia Place. There is no fee for Citibank customers to attend; the AHEAD fee for noncustomers is $15. Call (212) 473-7875 or e-mail offers terrific tiki NOV. 15-21 [email protected]. WEDNESDAY , NOVEMBER 17 NYC BUSINESS SOLUTIONS holds a free CONFERENCES AND workshop on intellectual property Swoon-worthy fare: SEMINARS basics. Attendees will learn about WEDNESDAY , NOVEMBER 17 trademarks, copyrights and patents, and Pupu packs a punch, ASIA SOCIETY, JAPAN SOCIETY AND NIKKEI how to protect their ideas. The event BUSINESS PUBLICATIONS, AMERICA, runs from 6 p.m. to 7:30 p.m. at 215 W. newscom but save room for cake present a seminar on reframing 125th St., sixth floor. Call 311 and ask diversity management for a new global for NYC Business Solutions courses WHAT SHE’S WAS A TRADER VIC’S girl in the economy.The seminar focuses on the or register online at glory days—Vic Bergeron’s different cultures, languages and values www.nyc.gov/html/sbs/nycbiz. READING of the new global work force. The event and mine.Great date spot.But URAL CULTURALT EVENTS was our town primed for a tiki is from 5 p.m. to 9 p.m. at the Asia ANNIKA SÖRENSTAM is to I Society and Museum, 725 Park Ave. TUESDAY , NOVEMBER 16 revival? I was eager to explore women’s golf what Michael Fees are $10 for members; $12 for Sit in on a conversation with NPR’S All The Hurricane Club,ready for fruity Jordan is to basketball. She won buck ennis students and seniors, and $15 for Things Considered host Robert Siegel booze and crunchy spring rolls. RAPTUROUS: Royal Miyagi oysters nonmembers. For more info, visit and Columbia University Prof. Ann eight Player of the Year awards Surprisingly, I can’t sneak a peek http://asiasociety.org. Cooper. Mr. Siegel began his career at and 72 LPGA events, and earned from the sidewalk. It’s all draped in Columbia’s college radio station. The upward of $22 million during her silk shades, and the door is paint- THE HURRICANE THURSDAY , NOVEMBER 18, event runs from 5 p.m. to 5:45 p.m. at career. The Swede excelled in a covered. But inside, AvroKO’s 270- CLUB AND FRIDAY , NOVEMBER 19 the Columbia Graduate School of sport traditionally dominated by seat tropical fantasy soars majestical- THE FOUNDATION FOR SOCIAL CHANGE Journalism, West 116th Street and 360 Park Ave. South AND THE UNITED NATIONS OFFICE FOR Americans: She’s still the only ly,like a vintage bank on spiced-rum (212) 951-7111 Broadway, third floor. For more PARTNERSHIPS present the Global information, e-mail non-U.S. golfer in the top 10 for shots.The clamor hits like a surfer’s www.thehurricaneclub.com Conference for Social Change, which [email protected]. career wins. Now retired, the wave. Hostesses in stilettos and will examine how social innovation World Golf Hall of Fame member slinky black frocks wear matching joined with core-business strategy can WEDNESDAY , NOVEMBER 17 has more time to read popular necklaces. There is a sexy lounge provide social, environmental and Join CHEF FLOYD CARDOZ and Brooklyn novels like The Girl with the with velvet, and a floor fashioned CUISINE Fantasy Polynesian financial rewards. The event will be Brewery brewmaster GARRETT OLIVER Dragon Tattoo, the first book in with marble zigzags. Follow the red PRICE RANGE Entrées $17-$49 held at the Millennium UN Plaza For a four-course beer-pairing dinner at neon downstairs for a free shoeshine. Hotel, 1 United Nations Plaza, from Tabla restaurant, which will close next Swedish author Stieg SERVING Lunch Mon.-Fri., dinner I expected kitsch and tiny para- 9 a.m. to 9 p.m. Thursday and from month after 12 years in business. Tabla Larsson’s trilogy. seven days sols, but I didn’t think the food 8 a.m. to 12:30 p.m. Friday. General is located at 11 Madison Ave. The fee “Being from Sweden, I can RESERVATIONS Yes admission is $495; VIP admission for the dinner is $125, plus tax and relate to some of the places,” would be so wonderful. Nor that I’d is $650. To register, visit gratuity.Tickets are sold exclusively swoon over Royal Miyagi oysters says Ms. Sörenstam, who was in NOISE LEVEL Noisy, with quieter www.fscglobal.eventbrite.com. For through Gilt City at New York recently for a special with pineapple and yuzu, Peking alcoves more info, call (212) 203-2122 or visit www.giltcity.com/newyork. duck tea sandwiches, and crisp- http://foundationchange.org. —maggie wells event at the Waldorf Astoria. “It’s skinned chunks of Peking pig to I can’t wait to return. one of those books you can’t put stuff into Chinese steamed biscuits, NETWORKING RECEPTIONS down.” I will definitely go back. To view Crain’s classified events listings, TUESDAY , NOVEMBER 16 —BRIAN CHAPPATTA along with hoisin and scallion. I’ll let them simmer awhile. go to www.crainsnewyork.com/events Bergeron thrived before the THE MANHATTAN CHAMBER OF COMMERCE AND GAY CITY NEWS dawning of American chef-stars, so NO HATS Never again. hold an LGBT networking event for he had no one of Hurricane chef professionals, entrepreneurs and Craig Koketsu’s class glazing the ribs, business owners, including half-price no pastry luminary like Richard three-pepper wings—a big bowlful drinks provided by the host, Indigo Leach designing cocktails such as my (portions are generous)—to dip into Hotel Chelsea Blu Restaurant and Bar, choice tonight: #55, DonQ Cristal cilantro aïoli. I grant that peanut at 127 W. 28th St. The free event runs rum with sour cherries and red chilies. butter and guava jelly sandwiches from 6 p.m. to 8 p.m. For more Pupu gets exceptional respect wrapped with prosciutto are more information, call (212) 973-9000 or here. A spotlight above our dark al- amusing than essential. I have two. e-mail [email protected] . cove reveals hamachi and avocado in “Where do you get these ideas?” THURSDAY , NOVEMBER 18 yuzu and dashi broth vinaigrette with I ask Koketsu. THE NEW YORK ENERGY CONSUMERS a tuft of salad on top. The yolks of “I just get drunk and decide … COUNCIL invites you to tour the Green Samoan deviled eggs are mashed what do I want to eat right now?” Roof at Con Edison’s Learning Center with sriracha for heat, then piled Soon, we’re all tearing into The in Queens and learn about energy- into the whites over pickled daikon. Hurricane Rib,short rib on the long efficiency incentives from Con Edison, On top sits a tangle of fried taro root bone. It hits the table looking as big National Grid and NYSERDA and Thai basil, dressed with sweet as a gorilla thigh, with slivered scal- Network. The center, at 43-82 Vernon chili sauce,fish sauce and lime juice. lion punctuating its sweetly cara- Blvd., Long Island City, Queens, is open from 4 p.m. to 7:30 p.m. Fees are I am alone in our foursome in lik- melized meat: juicy, fatty, delicious. $20 for NYECC members and $50 for ing the Chinese sausage sticks. But Two of my friends run to get a nonmembers. Advance registration is PICK OF THE WEEK we wallow in enough cubes of shoeshine, leaving me to choose required. To register, call Peking pork for an army, finish the dessert.“You want the chocolate kill- (212) 356-0030 or e-mail THURSDAY,, NOVEMBER 18 John Guare’s new play, A Free sticky baby-back ribs with fried lo- devil’s food cake,” says our server. [email protected]. Man of Color, opens at the Vivian Beaumont Theater at Lincoln tus chips and devour the four over- Yes,we do.It’s a long,lush rectan- WORKSHOPS size shrimp stuffed with a fiery hot gle of devil’s food made with mas- Center, 150 W. 65th St. Set in 1801 New Orleans, the latest paste—but not the too-sweet co- carpone, frosted in bitter chocolate TUESDAY , NOVEMBER 16 work from the renowned author of Six Degrees of Separation MERCER conut sauce that comes with them. glaze, wearing chocolate tuiles and presents an interactive cultural integration master class for improving and The House of Blue Leaves tells the story of Jacques Don’t let me forget the splendid studded with chocolate rice crunch deal success. Participants will learn how Cornet, a New World Don Juan. The curtain rises at 6:45 p.m. black-bean lamb chops. BBs. Even the caramelized banana, to manage corporate culture to drive Back with new tasters weeks lat- riding sidesaddle with a swatch of deal value. The event will be at 1166 Tickets range from $70 to $105 and can be purchased online er, I am just as rapturous. I find that caramel rum sauce, disappears. Sixth Ave., 35th floor, from 9 a.m. to 4 at www.telecharge.com/behindthecurtain.aspx. the menu has been simplified, and The four of us sit there stunned p.m. The fee is $950. For more details, Call (212) 362-7600 or visit www.lct.org for further details. that pupu prices have crept up. and pleased with ourselves. call (212) 345-7259 or visit Ava and I share cocktail #89:Knob “Next time, I’ll wear my boots so www.mercer.com/culturemasterclass. Creek bourbon with apricot and car- I can get a shine, too,” Ava promises. damom.My table raves over Korean MON. TUES. WED. THURS. FRI. SAT. SUN. fire chilies filled with homemade Copyright © 2010 by Gael Greene. 11.15 11.16 11.17 11.18 11.19 11.20 11.21 pork sausage, as well as the sticky Syndicated by www.insatiable-critic.com.

34 | Crain’s New York Business | November 8, 2010 20101108-A--0035-NAT-CCI-CN_-- 11/5/2010 5:53 PM Page 1

THE CHEAT SHEET The Jets (5-2 as of WEEK Nov. 5) are Super Bowl contenders. They’ve ON THE spent a lot to achieve that MEADOWLANDS MARKDOWN WEB There’s a reason the $1.6 billion New Meadowlands

NOV. 1-7 Stadium was selected to host newscom the Super Bowl in 2014: The structure can fit 82,500 fans and boasts four CRAINSNEWORK.CMYORK.COMY 30-by-118-foot high-definition-video display boards.To ensure a packed house for the stadium’s first season, the firm slashed prices on about 18,000 personal-seat licenses. “That was a great decision, and we’re glad we made it when we did, because it gave us time to sell out the field,” says Terror plot: Matt Higgins, the Jets’ executive vice president of business operations. DABBLING IN DEBT According to Forbes, the Jets franchise has the most highest priority debt in the NFL.Thad Sheely, the Jets’ EVP of stadium development and finance, says that’s not surprising, considering that the East Rutherford, IDTERM ELECTIONS N.J., stadium was completely privately financed.The good news: The Jets dominated most of are projected to be among the NFL’s leaders in revenue this year after the week’s news, as a taking in a mediocre $238 million in 2009. “We knew it was going to be M expensive to build, but we also knew we could pay it back,” Mr. Sheely says. wave of voter discontent

produced a tide of newscom SANCHEZ THE CELEB A fresh-faced franchise quarterback from Southern California was sure to attract attention from the New York media, but Republican winners. But a foiled international terror plot grabbed headlines just as voters were Post area airports remain on high alert even Mark Sanchez probably didn’t expect to make the ’s Page Six heading to the polls, and . seemingly once a week in his second season. Female Jets fans can’t get On Oct. 29, explosive packages believed to have originated with the al-Qaeda branch in enough of him—more women buy his jersey than any other Jets player’s. Yemen were discovered on cargo jets.The parcels were intercepted by officials in Dubai and On the field, less than halfway through the season, he is close to matching England, and President Barack Obama called the plot a “credible terrorist threat.” On his 12 touchdown passes from all of 2009. Wednesday, another suspicious package from Yemen prompted an evacuation at DHL’s cargo BUY HIGH, BUY LOW The Jets made headlines in the off-season because of facility at John F. Kennedy International Airport. It had arrived before the Transportation star cornerback Darrelle Revis’ public contract dispute, which he settled at Security Administration banned all U.S.-bound cargo from Yemen. Fortunately, the package four years and $46 million. Meanwhile, running back LaDainian Tomlinson came off a career-worst year and signed a two-year Gang was found to be safe. Green deal for a bargain $5.1 million. Now Mr.Tomlinson is on pace to New York is the leading Northeast hub for air freight, though Yemen is not a major trading shatter his rushing totals from last season as part of the league’s third-best partner.The Middle Eastern nation ranks 144th out of 232 countries for New York area rushing attack. His jersey is the best-seller among male Jets fans. imports. —brian chappatta

While much of the economy remains sluggish, LUXURY IS ENJOYING A RESURGENCE. The Waldorf Astoria rented seven apartments to a Middle Eastern royal family for a staggering $210,000 a month, setting a post-recession record for the most lavish expenditure in the city.The family was seeking space for 29 people and signed a six-month lease. … Also squashing records, HYATT HOTELS IS SPENDING $1.8 MILLION PER ROOM to create the Park Hy- att hotel, for an overall cost of $375 million. The project, at 157 W. 57th St., is a mixed-use luxury property with 135 apartments attached to the hotel. It will be the first new five-star hotel built in the city since the Mandarin Orien- tal, which opened in 2003. … With the wealthy covered for shelter, THE CITY MOVED TO BOOST ONE OF ITS MOST GLAMOROUS INDUSTRIES:fashion.May- or Michael Bloomberg launched six programs to aid young up-and-coming designers in an industry that employs 165,000 and generates nearly $2 billion in annual tax revenue. The initiatives call for mentoring services, internship opportunities and better access to capital. … TWO MEGA-ARCHITECTURE FIRMS AGREED TO COMBINE, creating New York City’s largest architecture firm. Perkins Eastman and Ehrenkrantz Eckstut & Kuhn Architects will become a single, 600-person enterprise that surpasses the area’s former No. 1 firm, Kohn Pedersen Fox Associates.The two companies plan to consolidate their New York,Washington,D.C.,and China practices.… It was a long time coming,but ACORN FINALLY FILED FOR CHAPTER 7 BANKRUPTCY.The GOP had been targeting Acorn since the group infamously dispensed advice on running a brothel last year. The community organizing group also tripped itself up through shoddy record-keeping. Acorn lives on through New York Com- munities for Change, which former Acorn employees operate out of the group’s old Brooklyn office.… NINE LONGTIME CONEY ISLAND VENDORS ARE GETTING BOOTED, including Ruby’s Bar and Shoot the Freak, as Central Amusement International continues its vision of a revived Boardwalk. The businesses must close by Nov. 15. —brian chappatta HOORAY OY VEY

THE NEW YRKEORKERO A MICHIGAN has the best iPad FMILAMILA Y sued the app, scoring 14 out Waldorf Astoria, of 15 points from alleging that they publishing got bedbugs consulting firm there; they claim McPheters & Co. to have photos as proof.

November 8, 2010 | Crain’s New York Business | 35 Project2:fp template.qxd 9/21/10 12:16 PM Page 1

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