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INSIDE CITY POLS CALL TRUCE. CAN YOU BLAME THE SKEPTICS? P. 15 TOP STORIES THE WAR ON SMALL BIZ The billionaires next door. (And the local charities most likely to get their money) ® PAGE 2 NY’s highest-paid athletes, top teams VOL. XXVI, NO. 32 WWW.CRAINSNEWYORK.COM AUGUST 9-15, 2010 PRICE: $3.00 PAGES 2, 19

Liz Claiborne is still FAMILY RULES: Inside the Douglas (left) and dressed in red. Can Jody Durst are the it get back to black? third generation to radical steer the firm. PAGE 3 Finally: a state reinvention budget. Who wins, who loses of Forbes PAGE 3 New pooh-bah morphs Guess who’s sitting print and website, on $120B in cash editorial and marketing PAGE 4 BY MATTHEW FLAMM

recession and the digital transforma- tion have already cost Forbes Media its Fifth Avenue headquarters—sold at a bargain to New York University—and the use of its famed Highlander yacht, which the Forbes family has had to put into dry dock. But the biggest changes to the 93-year-old publisher are hap- pening now. Under its new leader, Lewis D’Vorkin, who has taken the unusual BUSINESS LIVES title of chief product officer, the Forbes brand is undergoing a radical reinven- GOTHAM GIGS tion aimed at exploiting the changes in Even baseball players See RADICAL on Page 22 have a Plan B P. 25 G ANNE FISHER on how shopping locally helps small businesses P. 25 G MOVERS & SHAKERS While A&P Nancy Lublin still dressses for success P. 26 buck ennis sinks, rivals G GAEL GREENE gives Nuela props P. 27 salivate INDEX DARING TO DIFFER Grocer’s four chains, THE INSIDER ______8 48 city locations, draw VIEWPOINT Creative opportunism pays off for Dursts ______10 widespread interest GREG DAVID ______11 foot signature tower. REAL ESTATE DEALS PLUS ______14 continue to grow throughout a BY THERESA AGOVINO Last week, his firm agreed to recession that has sidelined many BY LISA FICKENSCHER CLASSIFIEDS ______20 invest up to $300 million in that of its rivals. FOR THE RECORD ______23 three years ago, developer same building and take primary In the past year alone, the de- the financial free fall of The EXECUTIVE MOVES ______25 Douglas Durst took out a full- responsibility for outfitting, leas- veloper has been busy. Along Great Atlantic & Pacific Tea Co.— THE WEEK AHEAD ______27 page ad in The New York Times to ing and managing it. with partner Bank of America, it owner of A&P,The Food Emporium,

WHAT HE’S READING ______27 criticize the design and cost of “Downtown has become not only recently completed the Pathmark, Waldbaum’s and other Ground Zero’s planned 1,776- much more acceptable to ten- city’s second-tallest building—1 chains—has its local rivals salivating. ants,” says Mr. Durst, chairman Bryant Park—it also refinanced “We are just observing right now,” of the Durst Organization, in ex- the $1.3 billion property twice, insists billionaire John Catsimatidis, 32

5 plaining the about-face. despite the worst credit crunch in who owns the Gristedes chain. But in- Durst’s ability to radically decades. The company also lined dustry-watchers say the one-time may- change course is part of an oppor- up a $200 million credit line to oral candidate is keen to take over some tunistic, trailblazing approach purchase distressed real estate as- of the ailing supermarket giant’s real es- ELECTRONIC EDITION that for years has made it one of sets and has already used some of tate. So, too, are at least a half-dozen the city’s most successful devel- it to snap up mortgages on two others, including Fairway Market’s co- NEWSPAPER opers. Its methods have helped it See DURSTS on Page 22 See RIVALS on Page 22 71486 01068 0 20100809-NEWS--0002,0003-NAT-CCI-CN_-- 8/6/2010 7:13 PM Page 1

low the level of wealth in a community, IN BRIEF and New York has concentrated levels of Will the giving be as wealth,so we should see more funds mov- THE DRAWING CENTER HAS ABANDONED ITS ing into New York nonprofits over the PLAN TO BUILD A COSTLY NEW HOME IN coming years.” Lower Manhattan, looking to add space in its Executives at some of the city’s largest longtime SoHo neighborhood instead.The 33- good as the getting? nonprofit organizations declined to com- year-old art institution had been planning to ment on whether they were already sitting build a $60 million home in the South Street around counting their future millions. Seaport, but the recession forced executives to But it seems safe to assume that San- rethink their plans. In the past four years, the How billionaires’ billions could stay local ford and Joan Weill—who signed the Giv- center’s operating budget has shrunk to $1.7 ing Pledge—will continue their generosi- million from $2 million as fundraising dried up. perts say the donors will likely continue to ty to longtime favorites like Carnegie At the same time, the institution’s space at 35 BY MIRIAM KREININ SOUCCAR fund those causes. Hall, where Mr. Weill is chairman; Alvin Wooster St. has become the center of a reborn “When people step up the level of their Ailey American Dance Theater, where arts neighborhood, with more than 75 with a quarter of the 40 billionaires giving,they usually support places they’ve Mrs. Weill is chairwoman; and Cornell commercial galleries and a number of other who pledged last week to give at least half University,to which the couple has already nonprofits moving in.The new foot traffic in of their wealth to charity hailing from donated more than $250 million. the area has helped the center increase its New York, local nonprofit organiza- “Education and partnership are at the attendance by 35% this year, to around 45,000. tions are likely to get a major wind- heart of everything we do philanthropical- Brett Littman, executive director of The fall in the coming years. ly, and we make long-term commitments Drawing Center, says he is close to making an The group of New York- to the organizations we lead,” Mr. and announcement about the organization’s real ers—which includes well- Mrs. Weill wrote in a public letter estate plans. known philanthropists such to Mr. Buffett. as Michael Bloomberg and Others on the Giving LANDLORDS MAY START ROLLING BACK RENTS David Rockefeller, as well Pledge list include: ON SOME UNITS AFTER LAST WEEK’S COURT as boldface names less as-
Mr. Rockefeller, chair- ruling, which said some market-rate tenants at sociated with giving, like man emeritus of the Museum Stuyvesant Town/Peter Cooper Village were Barry Diller and his of Modern Art, who has already entitled to rebates for overcharges. The latest wife, Diane von pledged $100 million to the muse- decision begins to clarify some of the Furstenberg—was the um for its endowment, to be payable uncertainty left after last year’s court ruling, second-largest contin- after his death. which said units couldn’t be regulated if gency after donors
Elaine and Kenneth Langone, landlords were receiving a certain tax break. from California. who have made major gifts to New The initial ruling didn’t address retroactivity, so They all signed on to a cam- York University’s medical and business some landlords didn’t adjust their rents, but the paign called the Giving Pledge, schools, the Ronald McDonald House new decision could encourage landlords to at the request of Warren Buffett and the Harlem Children’s Zone. lower rents.  and Bill and Melinda Gates. The
Ronald Perelman, whose favored trio says they began contacting the causes include New York-Presbyterian

country’s wealthiest families six A quarter of those Hospital, Weill Cornell Medical Cen- istockphoto weeks ago to convince them to ter and the Guggenheim Museum. BY THE NUMBERS publicly say they would hand over who pledged at
Peter Peterson, whose $1 billion the majority of their wealth to foundation works to encourage nation-

Weekly shift of the city’s economy charitable causes either during least half their al fiscal responsibility. Mr. Peterson

their lifetime or after death. The and his wife, Sesame Street WITHERING HOPES Personal bankruptcies rose,   goal is to encourage more of the wealth to charity creator Joan Ganz Cooney, retailers’ monthly sales gains undershot estimates for the fourth month in a row, and wealthy to step up their are also major bankrollers overall employment levels fell. philanthropy. It also hail from New York of the Public Broadcast comes at a time of ris- Service, as well as the non- ing populist anger over profit Sesame Workshop. $800K+ 27 667,200 corporate-executive
Julian Robertson Jr., PRICE of NYC taxi NUMBER of HIGH-NET- medallion in July, liquor licenses WORTH riches in the wake of who supports the New York Stem a new record approved in city individuals in the financial crisis. Cell Foundation and numerous other Source: Medallion in July, down 84% metro area in ’09, medical-science organizations. Financial Corp. from year earlier up 19% from ’08 Past is prologue long supported,” explains Jason Franklin,
James and Marilyn Simons,who have Source: State Liquor Source: Capgemini Authority most of the members of this billionaires’ executive director of Bolder Giving, a given generously to Stony Brook Univer- club have given generously to their pet New York-based nonprofit that encour- sity and support a number of causes fo- charities in the city—and philanthropy ex- ages philanthropy. “Giving tends to fol- See GIVING, GETTING on Page 24 DIVERGING PATHS While imports through the Port of New York and New Jersey have picked up steadily, exports have not fared quite so well in recent months.

NEW YORK’S HIGHEST-PAID ATHLETES Yankees slugger Alex Rodriguez hit his 600th ca New York Yankees New York Mets

Source: Port Authority of New York and New Jersey

CORRECTION G-III Apparel Group Ltd. was not represented by Newmark Knight Frank in its lease at 512 Seventh Ave. This information was misstated in the July 26 list of Manhattan office leases because of incorrect data supplied to CoStar, which compiled the list.

TOTAL TEAM PAYROLL: $206.7M TOTAL TEAM PAYROLL: $136.0M vol. xxvi, no. 32, aug. 9, 2010—Crain’s New York Business (issn 8756-789x) is published weekly, except for combined issues June 28/July 5, Aug. 30/Sept. 6, and Dec. 20/Dec. 27, by Crain Com- munications Inc., 711 Third Ave., New York, NY 10017. Periodicals $33.0 $24.3 $22.6 $20.1 $19.4 $12.2 postage paid at New York, N.Y., and additional mailing offices. Postmaster: Send address changes to: Crain’s New York Business, Alex Rodriguez CC Sabathia Derek Jeter Johan Santana Carlos Beltran Francisco Circulation Department, 1155 Gratiot Avenue, Detroit, MI Third baseman Starting pitcher Shortstop Starting pitcher Center field Rodriguez 48207-2912. for subscriber service: Call (888) 909-9111.Fax Age: 35 Age: 30 Age: 36 Age: 31 Age: 33 Relief pitcher (313) 446-6777.$3.00 a copy, $59.79 one year, $109.79 two years. (GST No. 13676-0444-RT) Age: 28 ©Entire contents copyright 2010 by Crain Communications Inc. All rights reserved. All figures are in millions. Figures for the Yankees and Mets are for the 2010 season. Figures for the Knicks are for the 2010-11 season. Figures for the Rangers and Devils are for the 2009-10 season. n/a Not available beltran, jeter photos, bloomberg news

2 | Crain’s New York Business | August 9, 2010 20100809-NEWS--0002,0003-NAT-CCI-CN_-- 8/6/2010 7:14 PM Page 2

Budget Liz dresses in red winners, the brands he saved— Claiborne chief Juicy Couture, Kate DEALT A BAD HAND: remains optimistic Spade, Lucky Brand and Liz Claiborne Chief Mexx—will never return Executive William losers even as losses go on the company to the ro- McComb inherited a and brands cool off bust growth it once en- stable of brands, many joyed. of them aging. How choices play With his slim jeans, out among pols in BY ADRIANNE PASQUARELLI printed oxford shirt and well-coiffed hair, Mr. Albany’s hallowed following a second-quarter McComb certainly looks conference call with analysts late the part of an apparel ex- halls, other bigwigs last week, William McComb, chief ecutive,though his back- executive of women’s clothier Liz ground lies in pharma- BY ERIK ENGQUIST Claiborne Inc., sat in his brightly ceuticals—he was with lit, immaculate garment center of- Johnson & Johnson for the passage of the state budget last fice, insisting that his turnaround 14 years. Many in the in- week elevated some and enervated plan is on track. He pounded the dustry call him smart, others across the landscape of New table to drive each point home. charismatic and elo- York politics. He’s an eternal optimist. Liz’s quent, but still question stock price has fallen 65% in the his decisions. WINNERS past two years, currently trading “The future of Liz is David Paterson: Accounts of his near $5, a fraction of its $40 highs really going to hang on tumultuous governorship won’t say of a few years ago. Its net sales are those four retail brands, that his final budget was the latest $3 billion, 33% less than the 2006 none of which are really ever passed; he beat that dubious figure.And the company,which has setting the world on fire distinction by one week. More im- not seen a profit in about three right now,” says Jeffrey portant, for once, he trumped the years, is still losing money—$87 Edelman, director of re- Legislature. Though his proposals million in the quarter ended July 3. tail and consumer prod- to tax sugared soda and to sell wine ucts advisory services at in grocery stores were rejected,most Numbers look bad RSM McGladrey. of his cuts survived, and he emerged he agrees that the numbers look Mr. McComb still with a budget that avoided broad in- bad. But he says it’s too soon for fi- predicts a fairy tale end- come-tax increases or bonding. nal judgment. “The proof is in the ing. Initially,he expected Sheldon Silver: In the showdown pudding, and the pudding’s not yet the retailer to be back in with Senate Democrats who wanted done,” he says. the black by 2009. That to cap property taxes, the Assembly Mr. McComb says, and experts deadline has now been speaker didn’t budge,knowing he had agree, that he was dealt a bad hand. extended to closer to the more solid majority.He bent a lit- When he came on board nearly 2011,as he grapples with tle in consenting to a “framework”un- four years ago, he inherited a stable strategy shifts for the Liz der which two schools in the State of around 40 brands, many of them brand, management University of New York system, Buf- aging, as well as the struggling changes and retail store falo and Stony Brook, may be able to

namesake Liz Claiborne line. Just expansion. buck ennis raise tuition without legislative ap- as he began grappling with a pare- His competitors are proval. But that news was buried by down, the economy tanked, inten- in better shape. Jones Apparel over the same period, made head- brands, but Claiborne has done the an avalanche of stories about the sifying his problems. Group’s share price has slipped only lines earlier this year for acquiring exact opposite,” says Kirk Palmer, budget passing. Even so, observers say Mr. Mc- 10% in the past two years, and the Tommy Hilfiger. who runs an eponymous retail ex- George Miranda, president of Comb’s slash-and-burn strategy— $3.3 billion retail giant recently ac- ecutive search firm. Teamsters Joint Council 16: His selling off the bulk of the company, quired shoe brand Stuart Weitz- Experts question strategy The decisions Mr.McComb has union was active in the campaign to except four core brands and the Liz man. Similarly, Phillips-Van Heu- “they’ve all continued their made at the Liz brand could be the kill proposals to tax sugared soda label—was extreme. They also say sen, whose stock is up almost 30% growth through acquisition of See LIZ CLAIBORNE on Page 24 See BUDGET on Page 8

th career home run last week, underscoring why he’s the highest-paid team player in the New York area. Go to Page 19 to read Crain’s latest annual ranking of all our top local professional sports teams. New York Knicks New York Rangers New Jersey Devils

TOTAL TEAM PAYROLL: N/A TOTAL TEAM PAYROLL: $57.7M TOTAL TEAM PAYROLL: $63.9M $16.5 $11.3 $7.0 $8.1 $8.0 $7.5 $7.5 $6.0 $5.2 Amar’e Eddy Curry Raymond Felton Chris Drury Wade Redden Marian Gaborik Ilya Kovalchuk Patrik Elias Martin Brodeur Stoudemire Center Point guard Left wing Defense Right wing Left wing Left wing Goaltender Power forward Age: 27 Age: 26 Age: 33 Age: 33 Age: 28 Age: 27 Age: 34 Age: 38 Age: 27

Research: Denise Southwood, Maia Blume and Blaire Porter. Sources: ESPN.com, USA Today, team websites and National Hockey League Players’ Association newscom

August 9, 2010 | Crain’s New York Business | 3 20100809-NEWS--0004-NAT-CCI-CN_-- 8/6/2010 8:00 PM Page 1

Cash-stuffed corporations IN THE MARKETS aren’t buying into recovery by Aaron Elstein

vestors before Jan. 1. But at least for Big NY companies the moment,there are bigger reasons why so many companies seem in- sit on $120B, almost clined to hold more cash than they Not exactly a knockout stock none of it for hiring normally would. ast september, Linda McMahon resigned as chief They must repay huge borrowing from World Wrestling Entertainment BY AARON ELSTEIN the boom years. executive and director of 1 Inc. At Time Warner, the bill is $16 L Assuming she wins the Republican Party’s last week, Rupert Murdoch said billion, the residue of a frantic nomination, she has a shot at body-slamming Connecticut out loud what a lot of corporate ex- decade of building and shrinking Attorney General Richard Blumenthal and getting elected that ecutives quietly fear: The economy the company.Before spinning off its could remain weak for a long while. cable and AOL divisions, Time state’s U.S. senator in November. A poll last week showed that “I can’t help but believe it stays Warner’s long-term debt reached she had cut his lead to 10%, from 17%. fragile,” the News Corp. chief exec- $37 billion.Last week,the company But if Ms. McMahon can’t pin her political opponents utive said during a conference call proudly told investors it had restruc- down for a three-count, WWE would surely welcome her with analysts. “There is sufficient tured its debts so that no more than fragility for us not to be overconfi- $1 billion comes due in any year back. In the past few months, the company has taken a dent about the long term and the through the end of the decade. The pounding every bit as hard as the one The Undertaker suffered medium term.” move gives the company more free- earlier this year, when he was knocked into a vegetative state Such caution may help explain dom with its $4.2 billion in cash. by archrival Rey Mysterio (or so claims The Undertaker’s why Mr.Murdoch’s media con- “We consider this strategic flexi- glomerate has hoarded a bility that we have to be a real com- brother, Kane) and, thus, unable to compete in the highly record $9 billion in cash.And petitive advantage,” said Chief Fi- anticipated Fatal 4-Way bout. he’s hardly alone. Big New HOARDER: nancial Officer John Martin during York companies in such sectors as Rupert a conference call with shareholders. WWE shares fell 7% last THE CANDIDATE: media, pharmaceuticals and de- Murdoch’s week after reporting what Ms. Would-be senator fense are sitting on at least $120 News Corp. has They may be struggling to find worthy McMahon’s husband, Chair- Linda McMahon, billion in cash, according to Stan- $9 billion, or a 2places to spend their money. man and CEO Vince McMahon, the former CEO of dard & Poor’s data. quarter of its Consider Forest Laboratories, candidly called “a lousy quar- World Wrestling market value, in Entertainment. cash. See the which has built up a $3.3 billion cash ter,” as net income dropped by Loaded with dough charts below. collection thanks to robust sales of 69%, to $6.2 million. Mr. johnson & johnson leads the way the anti-depression treatment Lexa- McMahon cited such dis- with $18 billion in the vault,earning bloomberg news pro.The company,however,loses the parate factors as the Icelandic next to nothing, what with interest One reason the cash-rich are so exclusive right to market the drug in volcano disrupting wrestling rates for CDs at about 1%. Such lo- parsimonious: Next month is the 2012—and its earnings per share events in Europe, the fact that cal outfits as Forest Laboratories two-year anniversary of the econo- could decline by two-thirds as a re- the latest WrestleMania was and Interpublic Group of Compa- my’s near-collapse,which gave folks sult, warns Frank Pinkerton, a Sun- held earlier in the year,and un- nies are holding cash equal to 40% a lasting lesson in the importance of Trust Robinson Humphrey analyst. expected retirements by and of their total market values.(During keeping a ready stash of cash. Fur- “They hold more than they need injuries to several star per- newscom better times last decade, cash ac- thermore, prices appear to be for working capital and [just getting formers. Here’s hoping The Under- view events this past January by $5, counted for 6% of local companies’ falling—Wells Fargo economists through] the next 12 months,” Mr. taker gets better soon. to $44.95.) market values.) last week declared, “Deflation is al- Pinkerton says. “I want them to in- But while WWE attributes its In the meantime,WWE’s filings “Companies are so flush now, ready here”—and cash is king in vest more quickly.” recent weakness to temporary fac- show the lengths the McMahons they can do whatever they want,” such a dismal environment. While the clock ticks, Forest has tors and a lack of compelling per- have gone to minimize the execu- observes Standard & Poor’s analyst “There’s not a lot of confidence parked much of its cash in such formers, it’s also apparent that in tive-pay issue during the U.S.senate Howard Silverblatt. among companies that investments places as money market accounts tough times,people spend less mon- race. While the McMahons possess Unfortunately, many don’t seem will return a great deal,” observes and municipal bonds. It also recent- ey on wrestling. $700 million worth of shares and inclined to do much with their mon- Nomura economist Zach Pandl. ly unveiled plans to buy back up to Average attendance at North have unquestioned control of ey, and this wave of frugality is un- “Holding cash is a reasonable short- 18% of its shares. Forest didn’t re- American events declined last quar- WWE, they compensate them- dermining prospects for economic term strategy.” spond to requests for comment. ter by 19%,to about 5,800.Pay-per- selves modestly compared with oth- recovery. With small businesses view business took a hit, too, with er executives. Ms. McMahon col- strapped for funds, Congress debat- Taxes could be spoiler They are keeping their powder dry for revenues weighing in at $10.4 mil- lected a $500,000 salary in her last ing whether to cut spending, and potential changes in federal tax 3acquisitions. lion, down from $14.6 million once full year as CEO and waived all oth- state and local governments all but law could shake some of the money Mr. Murdoch, despite his con- the impact of the prior year’s er compensation.When the compa- tapped out, the weight of any recov- loose. Taxes on dividends would cerns about global recovery,wants to WrestleMania is excluded. ny raised its dividend by 50% in ery now falls on big U.S. companies more than double if the Bush-era spend nearly $12 billion—deploying (Guess those rasslin’ fans are a 2008, the McMahons agreed not to that, armed with more than $800 cuts expire as scheduled at year’s end. all of News Corp.’s cash, plus bor- price-sensitive bunch: WWE hiked be paid the higher dividend for three billion in cash, can afford to expand That would surely cause some com- rowing billions more—to acquire the suggested price for its pay-per- years, instead accepting the old rate. into new markets and start hiring. panies to return large sums to in- the 60% of British Sky Broadcasting Group he doesn’t already own. The story is much the same at TREASURE ISLANDS Comtech Telecommunications. Mark your calendars, kids! The Melville, L.I.-based defense this week should finally bring quickly selling them to other cus- New York area companies sitting on Companies with the most cash as a contractor has stacked up $568 mil- some news on one of the more in- tomers of his at inflated prices. Mr. the most cash, in billions percentage of market value lion in cash and wants to spend a triguing fraud cases launched lately Priore has denied wrongdoing. Johnson & Johnson $18.0 Interpublic Group 43% slug of it on a $470 million cash- by the Securities and Exchange The case gets to the heart of the Pfizer $17.2 Forest Laboratories 40% and-stock merger it struck in May. Commission. biggest conflicts on Wall Street. For Comtech Chief Financial Offi- It involves Thomas Priore, head of money managers and traders, big IBM $12.2 CA 25% cer Michael Porcelain says his com- a firm called ICP Asset Management, bucks can be had swapping around Merck $9.8 News Corp. 24% pany, which generated about $600 who managed collateralized debt esoteric instruments with values News Corp. $9.0 Bristol-Myers Squibb 17% million in revenues during fiscal obligations—those depositories of that are,well,whatever they say they 2009,learned after the crash of 2008 some of the junkiest mortgages ever are, because there’s no third party Bristol-Myers Squibb $7.5 Monster Worldwide 17% that it couldn’t rely on banks to sup- created. The SEC in June said Mr. (like an exchange) to set prices. Mr. PepsiCo $4.8 Bed Bath & Beyond 16% ply financing. Holding so much Priore defrauded investors by buy- Priore’s formal response to the SEC
Time Warner $4.2 Polo Ralph Lauren 16% cash, he adds, gave his company ing bonds for the CDOs and then complaint is due Wednesday. more credibility when approaching Verizon Communications $3.6 Time Warner 14% would-be merger partners. Forest Labs $3.3 Pfizer 14% “We were in a much better nego- TOTAL VALUE OF THE STOCK that U.S. companies repurchased Source: Standard & Poor’s tiating position thanks to all the from investors in July. It was the slowest month for buybacks cash,” Mr. Porcelain says.
$1.1B since March 2002, according to Thomson Reuters.

4 | Crain’s New York Business | August 9, 2010 CN013828 7/20/10 6:08 PM Page 1

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NEW YORK,NEW YORK edited by Valerie Block

Side, 84th and Riverside—it Boomer promises would go for about $2,900. I’ve got a loft off Waverly in SoHo, meathead-free I’ve got Upper East Side, you simulcast name it,” he says. He adds that he offsets the rent by paying lower opular wfan hourly wages. The extras don’t stop there. radio program Prime Staffing recently sent a PBoomer & Carton group of nurses to see Wicked. will be seen as well as Another 15 got tickets to a Black heard once its Eyed Peas concert and after-party at the trendy Soho House. simulcast on MSG Although the job market for new Network begins Sept. nursing grads has weakened, Mr. 14. But National Football Fazio says there is still great League legend Boomer demand for the nurses he recruits—those with a U.S. Esiason, who co-hosts with bachelor’s degree and at least two

bloomberg news Craig Carton, promises that the years’ experience. morning sports-talk show won’t be like watching radio. “The trick with any good simulcast is to make sure you’re not just looking at two meatheads talking,” Mr. Esiason says. “It has to be dynamic.” He’s especially excited about being “a bigger part of the New York sports landscape,” he adds, with the show being

promoted at Knicks and Rangers games and the hosts’ names buck ennis and likenesses being displayed at Madison Square Garden. Great Green Way But for a match that looks made in sports-media heaven, for Crowne Plaza it sure took awhile: Crain’s wrote two years ago that WFAN parent CBS Radio and MSG were talking about hooking up. the lights on Broadway just got “It’s taken a little longer than I would have liked,” Mr. a little greener—at least at the Crowne Plaza Times Square Esiason says, chalking up the delays to management Hotel.The newly renovated changes at CBS and getting both sides to see what they property recently replaced the could do for each other. “But everybody’s excited.” 3,300 light bulbs on its outdoor sign with energy-saving 8-watt fluorescent bulbs. Come for the train, well,” says Dorit Feith, Grand “This made all the sense in the Central’s marketing manager. world,” says hotel manager Gerry stay for the food Hughes. Not only will the hotel save grand central terminal is Prime perks from more than $120,000 a year on its throwing a bone to the poor New Prime Staffing electricity bill, but Consolidated Yorkers stuck in the city for the Edison provided a $13,200 rebate dog days of August.The first ever nurses still rule the job to help offset the $40,000 cost of Dining Week program at the market, and to lure them to New replacing the old bulbs. commuter hub will take place York, one upstart recruitment The Crowne Plaza is the first Aug. 20-29, including specials and agency called Prime Staffing is large company awarded such a discounts at nearly all of the investing in some serious perks, rebate from Con Edison as part of restaurants and food retailers in says President Michael Fazio. the new commercial energy-saving the Beaux-Arts building. Nurses under contract to his program it launched in March. “If Mexican eatery Zócalo on the midtown agency get free rent in a few more people in Times lower concourse and American any tony neighborhood they desire Square wake up and say,‘I think restaurant Métrazur on the when they sign up to work for we can do this,’ ” says Mr. Hughes, balcony level, for example, will clients like New York- it could make a big difference on offer a $20.10 prix fixe menu, Presbyterian Hospital or the the Great White Way. while pizzeria Two Boots will take Hospital for Special Surgery. 10% off its in-house dining menu. “Right now, I’ve got a prewar one- Contributors: Lisa Fickenscher, Others are touting specials on bedroom, furnished, Upper West Matthew Flamm, Gale Scott specific items. Michael Jordan’s The Steakhouse has a beer-and- burger combo, and The Campbell Apartment will offer a 20% CONDO AIDS GULF discount on its Summer Punch. From Sept. 16-20, The Silhouette, Food market stands, including an LEED-certified Brooklyn condo, Li-Lac Chocolates and Murray’s Cheese, are participating, as are will act as a gallery for local pho- the fast-food stores, which will tographers helping to raise money offer specials on to-go options. to restore the oil-devastated Gulf “We wanted to showcase the wide of Mexico region. The Galluccio variety of food options that are Group and Prudential Douglas Elliman collaborated available and give our customers a with the Gulf Restoration Network to organize the program. chance to save some money, as

6 | Crain’s New York Business | August 9, 2010 CN013838 7/22/10 5:53 PM Page 1 “You want a piece of me?! join the club!”

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State Sen. Eric Schneiderman trotted out Bernard Madoff watchdog Harry Markopolos, author of No One NAVY YARD MUSEUM Prize or pork? THE INSIDER Would Listen—which might also REP. NYDIA VELÁZQUEZ, D-Brooklyn, is describe his endorsement of Mr. touting legislation passed by the House by Erik Engquist and Jeremy Smerd Schneiderman’s 60-page platform. designating $500,000 for a $25.5 Eric Dinallo’s latest missive essentially million visitors center under says his competitors are clueless and construction at the Brooklyn Navy Yard. he isn’t. She says it “will introduce visitors to this local gem and create new opportunities Do the math: for the community.” Dem AG wannabes The Navy Yard has a rich history, but Students need help it is an industrial park with a mission to create jobs, not entertain schoolchildren on class trips. Ms. Velázquez’s allocation comes even though news that about half of city Congress has received much heat for throwing money at pet projects, such as pull out all stops public school students taking the $500,000 for the Sparta Teapot Museum in North Carolina. new state exams failed them has A leading critic of government spending in New York, E.J. McMahon, says: shed light on an ugly reality: Even as “The visitors center strikes me as a perfectly worthwhile project that the federal he four democratic men running student test scores improved in recent years, student preparedness government has no business funding. The Brooklyn Navy Yard is a city-owned for attorney general are furiously languished. industrial park managed by a nonprofit corporation; it should be funding its own trying to catch Nassau County Merryl Tisch, chancellor of the enhancement out of its own revenues, in combination with private fundraising.” District Attorney Kathleen Rice State Board of Regents, notes that Funding for the project, which broke ground in January and is slated to 75% of city high school graduates open in fall 2011, comes from city, state, federal and private sources. The (below) in the polls. Brodsky Navy Yard did not provide a breakdown. Richard Brodsky who enroll in two-year city colleges TAssemblyman and former need remedial classes. “We knew “In the context of the federal budget, the half-million [dollars] is the fiscal federal prosecutor Sean Coffey held back-to-back we had to move together to raise equivalent of a dime lost in the couch cushions,” says Mr. McMahon, director press conferences at City Hall the standards,” she says. of the Empire Center for New York State Policy. “But multiply it a few thousand last week. Mr. Brodsky times for similar projects all over the country, and you’re talking real money.” Navy Yard President Andrew Kimball says the project, which involves the unveiled three alternatives to bloomberg news Senate rivals get Coffey renovation of a 9,300-square-foot historic structure and the construction of a what he calls a “price-fixing” silent treatment 24,000-square-foot addition, reflects his corporation’s core mission. mechanism that he blames for “The center will house a job training and placement facility on two of the costly electricity, although republican david malpass,an four floors in the expansion, as well as an exhibition space that will educate economist seeking to knock off and inform the public about the significant role the yard played in American many other states see fit to Sen. Kirsten Gillibrand, attacks her history, and its continued role as a leader in advancing green manufacturing use it. Mr. Coffey, who daily with press releases. But he has and the creation of 21st-century jobs,” Mr. Kimball says. newscom sneers on the stump about Schneiderman yet to mention either of his GOP Ms. Velázquez says the museum money will help the Navy Yard’s opponents, Bruce Blakeman and redevelopment. “professional politicians,” Joseph DioGuardi. announced It’s a deliberate strategy, not a endorsements by three of gentlemen’s agreement in exchange them. He’s also been for party officials putting Mr. attention they crave. last week online and set to air this Malpass on the ballot: Mr. Malpass month, features four celebrity New

robo-calling across the bloomberg news knows that attacking his rivals Yorkers: actors Alec Baldwin and Tina state. Dinallo would give them the media NY
celebrity Fey, Jets quarterback Mark Sanchez newscom tourism campaigns and food diva Rachael Ray. All four donated their time. Mr. Baldwin long gone are the days when hails from Long Island, and Ms. George Pataki cast himself in the “I Ray is from Glens Falls. Love New York” commercials, “I Love New York” has been off sparking criticism that they were the airwaves for several years, while taxpayer-funded campaign ads for state tourism officials focused on the governor.The state’s first new Internet exposure. Spitzer tourism-boosting television ad in administration rules forbid political the series since Mr. Pataki, unveiled self-promotion in tourism ads.

For daily political and government news, subscribe to CRAIN’S INSIDER @ www.crainsnewyork.com/insider Budget winners,losers

Continued from Page 3 said the measure would keep New and to allow grocery stores to sell Yorkers from feeding their families, wine. “He’s becoming a quiet force clearly believing that soda is food. in both New York City and Albany,” Working Families Party: Con- says ally Michael McKeon of com- sumed by its advocacy for the mora- munications firm Mercury. torium on hydraulic fracturing of nat- ural-gas wells, which passed the LOSERS Senate last week—but is tangential to John Sampson: The Senate De- the WFP’s mission of achieving eco- mocratic leader’s fate could have been nomic fairness—the party was help- worse—his wayward members less to stop hedge fund millionaires dropped their ultimatums and voted from killing a proposal to increase for the budget—but Mr. Sampson their taxes by even a small amount. was unable to deliver property tax re- 1199 SEIU: The massive health- lief. Control of the Senate will be de- care workers union’s reputation for cided this November in the suburbs, being politically influential took a where taxes are the No.1 concern. hit when hundreds of millions of Dr. Richard Daines: The state dollars were slashed from health care health commissioner’s assault against spending, and not a penny was re- the plague of sugared soda were no stored by the failed soda tax. The match for the beverage industry, union says it was heavily outspent by which,with help from the Teamsters, the soda lobby, but what matters is stymied the soda tax.Some legislators not the reason; it’s the result.

8 | Crain’s New York Business | August 9, 2010 CN013845 7/23/10 3:52 PM Page 1

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VIEWPOINT A vote for open primaries editor in chief Rance Crain publisher, vp Jill R. Kaplan even years after voters decisively rejected a candidates, irrespective of party affiliation. proposed system of nonpartisan elections, the Even when all voters are allowed to cast ballots, as is the EDITORIAL editor Xana Antunes commission reviewing the City Charter is case in special elections, nonpartisan contests draw more managing editor Glenn Coleman deputy managing editors Valerie Block, considering the question again.The panel votes. Good-government group Citizens Union crunched Erik Ipsen believes open primaries—in which the top two the numbers dating back to 2000 and found that turnout contributing editor Elizabeth MacBride finishers advance to the general election— was 57% higher for City Council special elections, which are columnists Greg David, Alair Townsend would help reverse a decline in voter turnout nonpartisan toss-ups, than for Assembly or Senate elections, politics editor Erik Engquist pulse editor Barbara Benson that has continued since the public chose to keep the current which are partisan and uncompetitive. In the last 10 special senior reporters Theresa Agovino, system. Voters should be given the choice this November to elections, voter participation in the five nonpartisan elections Aaron Elstein, Lisa Fickenscher, S Matthew Flamm, Miriam Kreinin Souccar reconsider their 2003 decision. was double that of the partisan ones. reporters James Comtois, Amanda Fung, Daniel Massey, Adrianne Pasquarelli, Predictably,the defenders of the status quo have leaped into It is probably not the fear of losing local elections that has Hilary Potkewitz, Jeremy Smerd action, holding rallies and issuing statements defending a status-quo Democrats so worried about nonpartisan art director Steven Krupinski deputy art directors Carolyn McClain, system that excludes huge numbers of New Yorkers from voting contests. Rather, it is the knowledge that fewer voters would Daniel Mednick in the race-deciding primaries, and then expects them to cast feel compelled to register as Democrats in order to have a staff photographer Buck Ennis copy desk chief Wendy Zuckerman ballots in general elections that are generally meaningless. voice in local elections. Such a partisan motivation should copy editor Thaddeus Rutkowski research editor Denise Southwood City Comptroller John Liu, a Queens Democrat, not come before the public good.The commission should assistant research editor Maia Blume summed up the opposition’s case when he said, “Anyone can place a question on nonpartisan, top-two elections on the editorial interns Carl Gaines, Emily Laermer, David Montalvo, Blaire Porter, Rachel Wexler enroll in a party to vote in its primary. Primaries don’t ballot, and voters should make it the law of the city. www.crainsnewyork.com exclude voters. … To argue that voters are effectively web editor Brian Tracey senior producer Elisabeth Butler Cordova disenfranchised if they don’t vote in the Democratic Party Don’t discriminate against mosque producer Kira Bindrim primary misses the point: The Democratic Party nominees EDITORIAL AND ADVERTISING OFFICES almost always win in New York City simply because they are surveys show that most New Yorkers oppose the 711 Third Ave., New York, NY 10017-5806 editorial: 212.210.0277 Fax 212.210.0799 most aligned with the views of the general electorate.” construction of an Islamic center two blocks north of Ground advertising: 212.210.0259 It is Mr. Liu who misses the point.This isn’t about who Zero. But our republic offers protection from the tyranny of Cable craincom nyk Fax 212.210.0499 wins: It’s about who votes. Right now, that’s almost nobody. the majority, and it governs by laws, not polls. Under that Entire contents ©copyright 2010 Crain If Democrats’ views are most aligned with the electorate’s, system, the renamed Park51 is moving forward with the Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP they are going to win just as many seats as they do now if the support of many elected officials, including Mayor Michael Inc., used under license agreement. city adopts the “top two” system envisioned by the Charter Bloomberg and City Council Speaker Christine Quinn. TO SUBSCRIBE: Commission. In Democratic districts, and in the city as a They see not only the project’s potential benefits, but that Call 888.909.9111; fax 313.446.6777. $3.00 a copy, $59.79 one year, $109.79 two years. whole, at least one of the top two vote-getters would be a it would be unfair—indeed, un-American—to discriminate www.crainsnewyork.com

Democrat.The difference: Nonpartisan elections would against one religion because some of its members are ADVERTISING AND MARKETING bring more voters into the process. Voters in the second extremists. We doubt that non-Islamic New Yorkers would advertising director Trish Henry real estate sales manager Cornelius P. Gore election would be able to choose between the two leading want their religions held to that standard. senior account managers Irene Irvill, Courtney McCombs, William E. Squitieri account executive Anthony Mowad sales manager, classified print & online John Gallagher COMMENTS sales coordinator, print & online CRAIN’S ONLINE POLL Lulé Haznedari newsletter product manager Alexis Sinclair IS THE DOWNTOWN credit Todd J. Masura 313.446.6097 MOSQUE PROJECT A marketing director Amy Crossman Stingy on stimulants director, audience development LEGITIMATE POLITICAL John LaMarca DOWN ON THE COUNT August to families on public assistance.There senior audience development manager ISSUE? was also the small matter of $1.7 billion in Tarek Cotran in focusing only on the portion of the Making Work Pay tax credits. general manager, interactive Date of poll: Aug. 3 stimulus package that flows through the city’s The stimulus package wasn’t the New Deal, Marc Minardo 324 votes web developer, interactive budget (“Follow the stimulus money,” July but it was a big deal, and it helped put the Chris O’Donnell Yes. Planning 26), Crain’s misses a lot of the story.Total brakes on an economy that was in free fall after . 56% an Islamic stimulus spending in the local economy is the September 2008 financial meltdown. NEW YORK PRODUCTION cultural center nearly $16 billion, more than double the funds —james a. parrott production and pre-press director so close to you mentioned. When you add in dollars Deputy director and chief economist Michael Corsi

Ground Zero coming to the Housing Authority, the MTA Fiscal Policy Institute advertising production manager

makes it a fair Suzanne Fleischman Wies . and the Port Authority, infrastructure subject for 44% debate. spending totals $4 billion, one-quarter of the CHINA UNBOUND PUBLISHED BY CRAIN COMMUNICATIONS INC. stimulus funds being spent in New York City. chairman Keith E. Crain No wonder the stimulus package created or crain’s story “China costs are great wall for president Rance Crain No. The political saved more than 80,000 jobs in the city, fashion firms” ( July 12) ignores a major reality secretary Merrilee Crain issue of where treasurer Mary Kay Crain helping to explain why the payroll job decline of apparel manufacturing around the world: executive vp, operations William Morrow and how people we’ve suffered turned out to be a lot less than How workers are treated matters! A tunnel- senior vp, group publisher Gloria Scoby see fit to gather group vp, technology, circulation, and worship once feared. vision focus on minimizing either hourly wages Crain’s also could have noted the additional or piecework payments will not provide high- manufacturing Robert C. Adams was answered vice president/production & more than 200 millions of dollars going to private companies quality goods, loyal customers or sustainable manufacturing David Kamis years ago in the and institutions and to needy individuals.The brands. A publication with the business savvy chief information officer Paul Dalpiaz First stimulus pumped tens of millions of dollars and sophistication of Crain’s should better corporate circulation/audience Amendment to into New York City laboratories through NIH reflect that reality, and not bemoan a lowering development director Kathy Henry the U.S. Constitution. and NSF grants, provided $360 million in Pell of worker interest in being sweatshop labor! founder G.D. Crain Jr. (1885-1973) grants to help low-income New Yorkers pursue —eileen kohl kaufman chairman Mrs. G.D. Crain Jr. (1911-1996) For this week’s questions: Go to their college dreams, and made possible (with Executive director www.crainsnewyork.com/poll to have your say. 20% local matching funds from George Soros) Social Accountability International $200 back-to-school allowances given last See COMMENTS on Page 11

10 | Crain’s New York Business | August 9, 2010 20100809-NEWS--0011-NAT-CCI-CN_-- 8/5/2010 8:11 PM Page 1

OPINION

sponsible policy.The Senate stimu- lus bill passed last week with educa- NY and NJ states tion and Medicaid money is likely to be the last such gift. Even President Obama talks about the need for the federal government to cut back.The of mind are similar national debt is $13 trillion and ris- ing, and it could soon start squeez- ing Washington. n new jersey,a conservative Republican governor,who Mr. Christie and Mr. Cuomo are started his political career as a George W. Bush ap- both ready to take on the public-sec- pointee, secured an important victory by winning a 2% tor unions and their allies. Mr. Christie has made the teachers union cap on yearly increases in local property taxes. public enemy No. 1 and outmaneu- In New York, a liberal Democrat, who served in Bill vered it repeatedly. Mr. Cuomo isn’t Clinton’s cabinet as housing secretary, made a 2% cap on yearly lifting a finger to win their support in I his gubernatorial campaign. increases in local property taxes the focus of his first statewide They agree that the biggest ad in his campaign for governor. problem their states face is the cost of their work forces. Salaries have That Chris Christie neuvers to allow it to risen more than in the private sector and Andrew Cuomo spend more than the (especially for teachers). Pension have virtually identical surge in tax collections costs have soared and health care views on property taxes allowed; New Jersey costs have become crippling because is no coincidence. Wel- was even more egre- governments don’t make employees come to the end of ideol- gious because it didn’t share costs the way the private sec- ogy in state politics as it put money into its state tor does, and they provide retiree has existed for decades. pension funds for years. health insurance, a unique public- Conservative Chris- They say taxes are so sector benefit. tie and liberal Cuomo high that they simply Mr. Christie is winning so many have examined the fi- can’t be raised without battles—he closed an $11 billion nancial crises of their GREG terrible economic con- budget deficit without new taxes, states, come to identi- DAVID sequences. Republican inspired voters to reject more than cal diagnoses of the dis- Christie goes further by half of their school budgets because ease and opted for the seeking tax cuts; Dem- teachers wouldn’t accept a wage same radical surgeries to save the ocrat Cuomo isn’t far behind, and freeze and won a property tax cap— patient. his rhetoric is equally passionate on because anger over taxes and gov- They agree that the increases in the subject. ernment spending has been build- state spending are a cancer. During Neither is willing to play the ing in New Jersey for a long time. the good years, both states reckless- game of basing their plans on future He’s writing a playbook that Mr. ly spent all they took in. New York aid from Washington. They under- Cuomo can adapt for New York if he engaged in dubious financial ma- stand that it’s posturing, and not re- is elected.

COMMENTS

Continued from Page 10 definitely, a guaranteed job. American woman elected to ANNIVERSARY IDEAS —patrick a. kelsey Congress, in 1968. Development director —beverly wettenstein tishman speyer’s Rob Speyer The Irish Repertory Theatre proposed “Free schooling for inter- MORE THAN HAPPY TO PAY national grad students” as one of crain’s noted in its recent 25th THIS PARTICULAR UTILITY BILL Crain’s anniversary issue’s “25 Big anniversary issue that Sen. Hillary Ideas” for New York ( June 28). I Rodham Clinton’s election in 2000 as one of consolidated edison’s wholeheartedly agree with the call marked the first time that a first approximately 3.5 million for full scholar- lady won public electricity customers in New York ships and a “guar- office (“Up and City and Westchester County, I anteed job” for down Wall Street,” would like Ronald Hicks of the graduate students June 28). She was Rockland Economic Development electing at least a also the first woman Corp. to know that I am willing to five-year career elected statewide in pay extra for a new cooling system here in public ser- New York to federal for the Indian Point nuclear reactor vice, technology or office. (“Hot over new cooling system,” the arts. But why New York City Aug. 2). focus on interna- women have earned The current system was out-of- tional students? many “first” date even before it was installed I myself, a political milestones: decades ago. It does terrible native Midwest- Nydia Velázquez damage to the Hudson River erner, have SCHOOL DAZE: Who’s paying loans? was the first Puerto ecosystem and aquatic life. dedicated my entire Rican woman Entergy has said that the new career to the arts elected to Congress, system would cost $1.2 billion over and have worked in New York for in 1992. Rep. Geraldine Ferraro at least 10 years. Divide $1.2 billion well over a decade. What I would was the first woman to run for vice by 3.5 million customers and then give to eliminate the heavy president on a major party national by 120 months, and here’s what it student-loan burden that I now ticket, in 1984. Bella Abzug was would cost each ratepayer: $2.86 maintain—on a nonprofit’s arts the first Jewish woman elected to per month if we divvied the bill salary, if I may add—because I Congress, in 1970. And Shirley equally among ourselves. elected to pursue a graduate degree Chisholm was the first African- For the price of one Starbucks a in the arts. Why should month, we can all help the Hudson international students not be CRAIN’S WELCOMES SUBMISSIONS to its River. I truly doubt paying the extra burdened, too? opinion pages. Send letters to letters@ $35 or so a year will drive crainsnewyork.com. Send columns of 475 words What is really needed is tuition or fewer to [email protected]. Please businesses away. assistance for all students pursuing include the writer’s name, company, address and —elizabeth v. mooney a degree in the arts. And, most telephone number. Forest Hills, Queens

August 9, 2010 | Crain’s New York Business | 11 20100809-NEWS--0012-NAT-CCI-CN_-- 8/6/2010 1:40 PM Page 1

OPINION

gether to foster growth in emerging ways to ease congestion and improve and more meaningful gains. Far too areas like digital, green tech and livability, and bringing less-traf- many high-schoolers fail to gradu- biotech. While Wall Street is a ficked areas of the city into the eco- ate, and too many graduates are un- Powerful women source of great wealth for the city, it nomic mix are vital. We need to en- prepared for college.There is a need also distracts us from nurturing oth- to accelerate, not ease back, on re- er industries. Bridge the gap be- forms that have been put in motion. tween the lack of capital and the Take a leadership role in the na- on NYC recovery tional debate on immigration reform. need for investment by making smarter use of government incen- This city understands at its core, BY XANA ANTUNES tives and channeling vital institu- from the mayor on down, that im- tional and philanthropic support to migrants are crucial to its economic hat are the biggest challenges facing those areas that can fuel growth and and cultural lifeblood—not only do New York City’s businesses and cultural in- spark job creation. The success of our immigrants participate in the state and city film tax credits in buck ennis greater numbers in the city’s work stitutions? In these recessionary times, fig- attracting productions here showed force than native-born New York- uring out how to kick-start growth when a how effective those partnerships can The challenge: ers, they start a greater share of new convincing recovery remains elusive can be be. We need to change the cost exploiting businesses, revitalizing neighbor- most frustrating. But for a high-profile group of the city’s fe- equation for startup companies hoods across the city. Let’s put our W looking to capitalize on the innova- political muscle behind efforts to male leaders,exploiting New York’s untapped potential presents tions coming out of our universities untapped ease the path for them to come and the greatest challenge. and research labs. stay here legally.Business must push Invest in infrastructure. Main- potential for more visas, especially for techni- Why? Success has made this city into businesses, and a growing por- taining our infrastructure and trans- cal talent, and to exempt from visa expensive and has placed extra strain tion of the art it showcases is pro- portation network is certainly a chal- caps students with higher degrees in on its resources, from basic infra- duced elsewhere. lenge,but they’re essential assets and sought-after fields like science and structure to transportation, edu- In July, Crain’s and Lincoln Cen- represent our comparative advan- engineering. cation, housing and more. Reces- ter hosted a private gathering of tage, and we must view those expen- list the broader public in that push. sion has moved the needle on the leaders who had been featured in our ditures as investment, not cost. The Raise the standards of public ed- With thanks to participants Jean Afterman, cost gauge, but only by a little. The three past Most Powerful Women project to extend the No. 7 subway ucation. By embracing innovation, Debra Allee, Aine Brazil, Abby Joseph Co- city still has a tough time retain- lists. Our goal was to mine their line, for example, will open an entire removing impediments to progress hen, Faith Hope Consolo, Katherine Farley, ing the talent it attracts, its great considerable experience and collec- section of the West Side of Manhat- like teacher seniority rights, requir- Ellen Futter, Barbara Gallay,Thelma riches do not reach all corners of tive wisdom for ideas to drive the tan to more affordable commercial ing principals to evaluate teachers Golden, Veronica Hackett, Karen Brooks its five boroughs, many of the in- growth and vitality of the city. Here development for companies think- through the use of test scores, and Hopkins, Marilyn Kane, Alexandra Leben- ventions and innovations coming are some highlights. ing of relocating. Resolving the compensating teachers based on thal, Liz Neumark, Jennifer Raab, Carol out of its universities and labs are Diversify the economy. Govern- MTA’s precarious financial situa- performance, New York City’s pub- Raphael, Merryl Tisch, Alair Townsend, exported elsewhere to be turned ment and business should work to- tion, coming up with innovative lic schools can realize even larger Kathryn Wylde and Nina Zagat.

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12 | Crain’s New York Business | August 9, 2010 CN013840 7/22/10 6:37 PM Page 1

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REAL ESTATE DEALS PLUS Brokers jockeying for pole position NYC VS. DC Metro area property sales (all types) in the 2 largest U.S. markets name to mount a major expansion Cushman’s star sales team. by deal volume in first-half 2010 nother salvo has been fired in the push. And what was formerly Mr. Hennessy started and was increasingly intense battle for market share FirstService Williams became the president of The Staubach Co.’s Change from among the city’s commercial brokerages. local Colliers office. New York regional office, until it $ Volume 1H 2009 Last week, Cassidy Turley tapped Peter Both real estate firms are vow- was bought by Jones Lang LaSalle ing to increase their visibility in the in 2008.He was most recently an in- $5.2B +86% Hennessy to become the president of its New city. ternational director at JLL and says New York City York tristate region. He will oversee the strategic growth and Meanwhile the traditional local he is ready for a new mission. A powerhouses are bolstering their “I wanted to get back to build- profitability of four local offices of the firm, whose name is $4.2B +243% positions. Recently, Cushman & ing a new business,” he says. “I like Washington, D.C. relatively new to the area. Until March, the local office was Wakefield brought in Glenn Rufra- the challenge and excitement of under the Colliers umbrella, but it opted to unite with other no as its new chief executive and doing so.” Source: Real Capital Analytics real estate offices across the country under the Cassidy Turley Jones Lang LaSalle lured away —theresa agovino Film-business supplier expands

a film and high-definition video equipment provider is taking addi- tional space at its New York head- quarters building. Abel Cine Tech signed an eight-year lease for 23,600 square feet at 609 Greenwich St. The asking rent was $36 per square foot. The new space will allow Abel to add executive offices and install a training center and an expanded sales showroom. The lease includes free rent and a work letter that Abel will use to renovate its existing space and build out its new space. “We had been out in the market- place with Abel Cine Tech for about two years, searching for space that could accommodate its growth,” says Nicholas Farmakis of Studley, who represented the tenant in the transac- tion. “The market changed 180 de- Replacing a wallet is easier than grees since the search started, which contributed to our ability to expand in replacing an experience. the company’s current location.” Daniel Levine of Newmark 34ºS – Buenos Aires, Argentina Knight Frank represented landlord Centaur Properties. —james comtois Whether you travel to experience the world or to visit family, focus on enjoying where you are instead of worrying about financial emergencies. Frye boots walking With HSBC Premier, you and your family will have access to up to into SoHo flagship USD$2,000 emergency cash, no matter where you are in the world. 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Scheduled to debut Start a Premier relationship with a qualifying balance by in the summer of September 3, 2010 and receive your choice of gifts, including 30,000 2011,the Frye store credit card Reward Points for your Premier World MasterCard.®1 will take about 6,000 square feet at 113 Spring St. Frye, acquired by Jimlar Corp. in 1998,already sells at 113 Spring St. department stores such as Bloomingdale’s and Macy’s, as well as online through e-retailers like Amazon and Zappos, but this 1 Offer(s) valid when you begin a new personal Premier relationship in the United States funded in new money from July 12, 2010 ot September 3, 2010. With a minimum qualifying balance will be its only freestanding outpost. of $100,000, select your choice of a Dell Inspiron Mini 10 (PRODUCT) RED,™ Flip UltraHD, or 30,000 HSBC Premier World MasterCard® Reward Points. With an initial qualifying balance of $50,000 or more, select your choice of a Flip UltraHD or 20,000 HSBC Premier World MasterCard® Reward Points. Offer(s) not valid on Retirement (IRA) Brokerage Accounts or for existing “This store will provide us an en- HSBC Premier Clients regardless of what other non-Premier Accounts they have or how they are listed on account titles. New money is defined as funds or positions not previously held by vironment to properly show the any member of the HSBC Group over the past six consecutive months. For qualifying customers upgrading to Premier, new money must be in addition to existing deposit and investment breadth of our approach to creating balances as of the close of business on July 9, 2010 (“Existing Balances”). 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The Annual Percentage Yield (APY) and balance for a Premier Checking Account which is accurate as of July 1, 2010 is 0.01% APY on balances of $5.00 or more. APY is variable and subject to change after opening. Charges and Frye has entered into a 10-year fees may reduce earnings. Qualified Premier Clients will be notified via mail within 90 days of account opening; notification will include instructions for redeeming gift of choice. Eligibility lease for about 3,100 square feet on requirements may apply for some gift choices. Limit one gift per eligible new Premier relationship. This offer cannot be combined with any other offers or promotions, is nontransferable, good while supplies last. Any gift not chosen by November 30, 2010 will be forfeited. The cost of the gift, with the exceptionof Reward Points, will be reported on IRS Form 1099. HSBC the ground floor, plus about 2,900 Premier World MasterCard® Credit Cards are issued by HSBC Bank Nevada, N.A. or HSBC Bank USA, N.A. The HSBC Premier World MasterCard® requires an HSBC Premier relationship square feet in the basement, accord- and is subject to credit approval. The HSBC Premier Rewards program rules will be supplied to all new cardmembers following the receipt of their card. ing to Rye, N.Y.-based Willett MasterCard® and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated. Cos., owner of the building. The Deposit products offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. ©2010 HSBC Bank USA, N.A. deal closed near $320 a square foot. —adrianne pasquarelli

14 | Crain’s New York Business | August 9, 2010 20100809-NEWS--0015-NAT-CCI-CN_-- 8/5/2010 6:06 PM Page 1

INSIDE PRO SPORTS TEAMS, ranked by attendance PAGE 19 ➚ ON THE WEB @ WWW.CRAINSNEWYORK.COM A fine for a gap under an office door? Really? Tales of a ticket system gone awry. crainsnewyork.com/war War on Small Business The city says it’s declaring a truce. Entrepreneurs can be forgiven for their skepticism. although there are plenty of great reasons to run a small business in New York City, let’s face it: A business- friendly government is not one of them. The city’s reputation for creating a Kafka-esque regulatory environment for small businesses dates to the World War II era. In regulation, as in most things, the city is over the top: The Official Rules of the City of New York is 14 volumes, and that seems positively lightweight when compared with the 21-volume city law. It was a welcome sign when Mayor Michael Bloomberg and the City Council took up the issue this year, promising to transform the way city government deals with small businesses. Eight months in, the massive initiative seems adrift. There are few deadlines and metrics for measuring success. (Crain’s suggests some in the story below.) Under Commissioner Robert Walsh, the Department of Small Business Services is chipping away at the enormous burden of paperwork with a system to speed startups. But there’s been little from City Hall about implementing more ambitious reforms, such as eliminating needless rules that hamper small business. Meanwhile, the scope and difficulty of changing agencies’ fine-first, ask-questions-later approach has become clearer (see story, Page 16). One telling sign that more “business as usual” is in the offing: The agencies’ budgets for revenue from fines continue to increase. Perhaps most significantly, no leader has emerged to implement the mayor’s vision. Creating a lasting change of this magnitude almost certainly requires someone along the lines of schools Chancellor Joel dave klug Klein, who has been both in the public spotlight and the bureaucratic fray.The administration has been hampered in the past eight months by the departure of some senior officials. But this initiative is too important to be allowed to languish.

businesses in New York millions of dollars every year. In fact, city offi- Bottom line on owners’ rights cials say they are—finally—doing something to prevent those situa- tions from happening. having the wiring exposed and the tracting costs, while still paying Five ways to tell if NYC keeps its promise plumbing exposed,”Mr.Greene re- $4,400 in monthly rent on his 1,000 Can we get along? to make doing business here easier called. They threatened up square feet. we want to begin to change the to $1,600 in fines. “We followed all the relationship of small business and code, he would have to leave some $18K procedures,” he says. “They government to one that is less ad- BY FRAN HAWTHORNE Extra costs AMOUNT a plumbing and electrical work tem- barbershop lost sent out inspectors who versarial,”says City Council Speak- porarily exposed. That way, the mr. greene says a Build- as a result of a completely misunderstood er Christine Quinn. as construction work neared building inspectors could see that it ings Department judge dis- violation dispute the guidelines.” This spring, a special city Regu- completion on the Harlem Masters had been done properly. missed the violation two The city won’t comment latory Review Panel proposed 14 barbershop two years ago, the con- But when the Buildings Depart- months later. But meanwhile, he’s on this particular case, but officials measures aimed at making it easier tractor told owner Timothy Greene ment inspectors came by,“they said out $18,000 in missed income from acknowledge that similar bureau- for small businesses to operate. that, according to the city building we had the community at risk by a delay in opening and extra con- cratic hassles collectively cost small See BOTTOM LINE on Page 18

August 9, 2010 | Crain’s New York Business | 15 20100809-NEWS--0016-NAT-CCI-CN_-- 8/5/2010 6:07 PM Page 1

REPORT SMALL BUSINESS Are all these fines fair?

codes is emerging as one of the chief Mr.Walsh says he told the The city’s levy-first, obstacles to making life easier for inspector:“Why don’t we just ask-questions-later small businesses, one of Mayor go inside and tell the restau- Michael Bloomberg’s main goals for rant owner to take the banner culture swamps his third term. down?” small businesses One sign of how poisonous the The two walked into the relationship between businesses and restaurant and did just that. the agencies that regulate them has Eliminating automated BY STEVE GARMHAUSEN become is that few small businesses fines for low-level violations are willing to go on the record with is on the administration’s to- when jeremy merrin founded his complaints because they fear retri- do list. Cuban-themed restaurant business bution. Many business owners be- eight years ago,it was with visions of Robert Bookman, a lawyer who lieve they have a clear under- authentic food,live music and 1950s represents the New York Nightlife standing of what’s behind LEAVING A BAD TASTE: decor. Association, says he knows of zealous regulators and in- Restaurateur Jeremy What Mr. Merrin’s vision did restaurants being fined if they do spectors: They are on a mis- Merrin was fined because not include was exasperating fines not post a sign at their bar sinks say- sion to get more money from the gap under a basement office’s door was too large. from the city, like the recent one af- ing “Employees must wash hands fines.The Bloomberg admin- ter an inspector decided the gap un- after using the bathroom,” even istration and individual agen- buck ennis der a basement office’s door was too though the bar is not a bathroom. cies deny that, saying that increases contact with 18 different agencies. give rodents easier access to an large. Mr. Merrin says the inspector Because so much depends on an in- in fine budgets are coming not from City statistics say the regulatory eatery’s kitchen). wasn’t sure if the door met the rules spector’s common-sense interpreta- random and cruel inspections, but environment is growing even “Restaurants are one of the eco- or not—but decided to cite him for tion of rules, an angry inspector has from more traffic cameras mounted tougher. The Health Department’s nomic engines. We’re still paying a violation, anyway. the ability to wreak havoc on a small at intersections,or well-justified en- revenue from fines rose to $38.4 taxes, we still have employees on “Most of this stuff they throw business. forcement actions, like increasing million in just-ended fiscal 2010 payroll, and people are still coming out,” he says, noting that the door- The mayor and a regulatory re- inspections of routine offenders. from $23.5 million in fiscal 2008, from around the world to dine here,” gap citation was among those dis- view task force he appointed came The city has budgeted to pull in according to city budget figures. Its says Andrew Rigie,director of oper- missed.“But fighting them takes up up with a list of initiatives to change $845 million in fines in 2011, up haul from fines is projected to hit ations for the New York State time and effort.” the culture, including customer- from $798 million in 2009. $44 million in fiscal 2011. Restaurant Association, who notes Asked how many questionable service training for inspectors and a Business owners cite three The increase in fines, says Dan that during the recession, many fines his business has received late- review of all new rules. agencies most often for what they Kass,deputy commissioner for envi- New York City restaurants saw rev- ly, Mr. Merrin replies, “How much Yet, changing the fine-first, ask- call selective or unfair enforce- ronmental health at the Health De- enue declines of 5% to 40%. time do you have?” questions-later habit across a city ment: the departments of Con- partment,is partly due to the depart- “Rather than a strict punishment with 280,000 employees is difficult, sumer Affairs, Sanitation and ment’s more-frequent inspections system,we should encourage a part- Too costly as even Bloomberg administration Health. The Health Department, of problem restaurants as it prepared nership,” he adds. welcome to New York City,where officials acknowledge. which is charged with restaurant to adopt the letter-grade system. Along with restaurants, side- entrepreneurs say the cost of doing A few months ago, Robert inspections, came in for special ire, “We’re not interested in fining walks are another battleground. Re- business often includes paying—or Walsh, the city’s Small Business even before its introduction late people, to be honest with you,” he tailers and landlords say they receive challenging—a confetti shower of Services commissioner, related an last month of controversial letter says. fines for trash on their sidewalks fines from unsympathetic inspec- incident he witnessed while accom- grades that restaurants must post from the Department of Sanita- tors. While financial penalties play panying a restaurant inspector. The prominently in their windows. Pest control tion—even if they had no role in an important role in safeguarding duo came across a grand opening Restaurants are already among restaurant fines have ranged putting it there. the public and keeping the city pre- banner stretched across the sidewalk the most-regulated businesses in from $200 to $1,000 per violation L.B. Brown, who owns Clinton sentable, business owners say some from a new restaurant’s door to a the city; the Health Department’s under the pre-letter-grade system. Hill Simply Art & Framing in Fort fines are levied unfairly and arbi- nearby tree.It was blocking the side- rules alone take up two volumes.Just The door-gap violation for which Greene, Brooklyn, says she’s had trarily. walk.The inspector was prepared to opening a restaurant that serves al- Mr. Merrin was cited costs restau- numerous Department of Sanita- The deeply ingrained culture issue a violation—no questions cohol, allows dancing and has out- rants $200 to $600 (the rationale for tion fines for sidewalk litter outside among employees who enforce city asked. door seating in New York requires it being that gaps under doors can See FINES on Page 19

employees nine sick days, points out that she’s a landlord. She rents out a brownstone. Lewis Fidler, Dominic Recchia WHERE DO RULEMAKERS COME FROM? and Peter Vallone Jr. have run, or had a major hand in running, law firms. Jumaane Williams owned a vegetarian café TAKEN TOGETHER, the résumés of people serving on the New York City Council look more like an encyclopedia of in Brooklyn from 2007 to 2008 before becoming executive director of a statewide organization for tenants’ rights and city politics than a cross-section of the community. joining the council this year. A detailed survey of the work histories of City Council members by Crain’s shows that 31, or well over half, built As for bona fide, long-term entrepreneurs, Crain’s found exactly one: Peter Koo, a Queens Republican who careers in the political arena. Many were aides or advisers to politicians, advocates or organizers. Six of those 31 founded the Starside pharmacy chain. were members of the Assembly before moving their jobs downstate. The second-largest group is those with He knew he was a rarity on the council, but was surprised to hear he was the sole entrepreneur. Does his backgrounds in nonprofits, with the bulk of those in education, and a few in health care. colleagues’ lack of business experience matter? Astonishingly, only a handful (six) had substantial experience working for companies in the private sector, “If you had owned a business, you would understand how difficult it is,” he said, ruing his colleagues’ tendency based on their publicly available biographies and phone calls to their offices. These include Inez Dickens, who to try to impress constituents by passing more rules. worked as a real estate broker, and Daniel Halloran, who worked in a security company and later as a partner in a But he understands why more entrepreneurs aren’t on the council. As difficult as the small business world is, law firm. he says, the political scene may be harder. “It’s a headache. People yell at you. You’re not getting much pay,” he A few council members have a passing knowledge of the small business world. Gale Brewer, the champion of the says. “You really have to do it to serve.” controversial paid-sick-leave legislation that would require all businesses with fewer than 20 employees to give their —ELIZABETH MACBRIDE POLITICS NONPROFITS PRIVATE SECTOR Former Assembly members Advocates, staffers, organizers Education Health care Other social services Entrepreneur For-profit enterprise

Research by Carl Gaines, Emily Laermer and David Montalvo

16 | Crain’s New York Business | August 9, 2010 Project6:fp template.qxd 2/23/10 12:02 PM Page 1

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REPORT SMALL BUSINESS

Bottom line on owners’ rights NEW GAME PLAN 14 measures approved by the city’s Regulatory Review Panel Continued from Page 15 AVERAGE TIME FOR STARTING A request fewer postponements.Goal: Among them: better training for in- BUSINESS. Better-prepared in- decrease.  Establish a Business Owners’ Bill of Rights (done) spectors, putting regulations in spectors and more efficient Enable businesses to avoid automatic fines and penalties on small 2 NUMBER OF STARTUPS/TOTAL plain language and letting business- service, which are among the city’s es “settle or contest violations over promises, might help avoid some NUMBER OF SMALL BUSINESSES. violations the Internet, by mail or by tele- back-and-forth in new-business 5Ms. Quinn says the ultimate Enable businesses to resolve violations online, by mail or by phone, phone,” rather than having to ap- applications.Kenneth Adams,pres- goal is “to keep as many small busi- pear in person. ident of the Business Council of nesses alive during this recession as rather than by appearing in person But promises are easy to make. New York State, says the time from possible,” and thus the city should Create an interactive website for proposed rules (done) What’s more important is whether filing to approval should be cut in compare the total year-to-year. But  the proposals actually improve half. Goal: decrease. this is tough to measure, she con- Put regulations into plain language business conditions in a measurable cedes, because other factors, like way. NUMBER OF EVICTIONS/RATE OF lack of capital,can throttle a compa- Expand programs for immigrant small business owners None of the proposals includes RENT INCREASES. “Rent extor- ny. Goal: increase or stability. metrics for evaluation, although the 3tion” is the biggest problem Review all proposed rules “to identify inefficiencies” review panel is scheduled to discuss facing small businesses, says Steven There’s a general agreement that (pending at the City Council) that topic this summer, along with Barrison,a lawyer and executive vice measurement should be done annu- how to implement the list. While president of the Small Business ally. In addition, the city could reg- Train inspectors in customer service officials debate, Crain’s asked busi- Congress.He says commercial rents ularly survey business owners, ask- ness leaders what the measures for should rise only about 6% to 20% a ing questions like, “Have you found Enhance 311 to meet small business needs success ought to be. Here’s the list year, but typical hikes now are 300% enforcement to be more fair?” and they came up with. And the time to 500%. In his view, the city should “Has the red tape been reduced?” Distribute industry-specific newsletters frame? Business leaders say if the require binding commercial land- Even without any statistics or Teach businesses how to avoid violations city is serious, results should be ob- lord-tenant arbitration, which none surveys,business leaders say they are vious after a year. of the proposals now do. Goal: de- cautiously optimistic. Upgrade the website for licenses and permits (done) crease in both. “This is changing the perception  NUMBER OF VIOLATIONS ISSUED. If that the mayor and City Council Designate liaisons between the city and the chambers of commerce business owners were educated LENGTH OF TIME TO SETTLE A COM- don’t care about small business,”says 1and warned in advance, they PLAINT. If owners are able to Jack Friedman,executive director of Re-evaluate all agency rules “with an eye toward eliminating undue could presumably correct matters 4handle problems online,rather the Queens Chamber of Com- costs and burdens” before reaching the violation stage. than taking time off from work to go merce. “I hear from my members: Goal: decrease. to a hearing, they would probably The city gets it.”

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18 | Crain’s New York Business | August 9, 2010 20100809-NEWS--0019-NAT-CCI-CN_-- 8/5/2010 7:27 PM Page 1

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Consumer Affairs, which has col- The department licenses side- Are all of these city fines fair? lected $5.8 million in fines for each walk cafés. According to Mr. Book- of the past three years,projects $8.4 man, Consumer Affairs inspectors million in fines in fiscal 2011. Its have been known to nitpick over the Continued from Page 16 Because they are focused on run- its Brooklyn store in February, and revenue forecasts “reflect troubling cafes’ seating plans: A four-top—a her business. Inspectors overlook ning their businesses—and not on while such fines were not the reason, compliance concerns not only with single table that seats four—is fine, the fact that the business might be memorizing the tangle of regula- they sure didn’t help. tobacco retailers illegally selling but pushing a couple of two-tops to- closed when the ticket is written, or tions—some entrepreneurs are sur- flavored tobacco or other cigarettes gether to make a four-top? Good that the litter might be Lotto tickets prised by tickets. More citations to children, but also with employ- heavens, no. and paper cups that clearly didn’t Such was the case when Mark a departmentof Sanitation spokes- ment agencies that illegally take Asked about the practice,the de- come from her shop. Caserta was cited for the A-frame woman says the agency does not advantage of New Yorkers who are partment says it aims to ensure that “I understand where the city is chalkboard outside 3r Living, his have figures for total fines collect- seeking a job, or immigration ser- “cafés don’t exceed maximum table, coming from,” Ms. Brown quips. home decor and lifestyle boutique ed. But she says the number of ci- vice providers that illegally take ad- chair and space parameters” needed “The city needs money.” in Park Slope, Brooklyn. Such tations for dirty sidewalks and vantage of our immigrant popula- to ensure pedestrians’ safety and to A spokeswoman for the Depart- signs are prohibited—but since Mr. gutters went from 21,944 in fiscal tion,” the department said in a comply with the Americans with ment of Sanitation confirmed that Caserta’s business had used the 2008 down to 12,254 the follow- statement. Disability Act. commercial establishments should chalkboard for years without inci- ing year and up again to 15,553 in Along with licensing,the depart- How pushed-together tables not receive citations for dirty side- dent,the Sanitation Department ci- the fiscal year just ended. She says ment’s regulatory power extends to endanger New Yorkers seems an walks when they are closed, and tation took him aback. that inspectors are not disciplined a hodgepodge of businesses and utter mystery to everyone but the added that an agent should enter the “We were fined $150, and we if they don’t issue a large number of their practices—and its rules take up inspectors. store to explain each violation and never even knew it was illegal,” says citations. an entire volume in the city’s 14-vol- “That is the most absurd thing I get store identification. Mr. Caserta. The company closed Meanwhile, the Department of ume collection of rules. can think of,” says Mr. Bookman. 

August 9, 2010 | Crain’s New York Business | 19 nb32p20-21cl.qxp 8/6/10 12:48 PM Page 20

BUSINESS OPPORTUNITY EXECUTIVE PUBLIC & LEGAL NOTICES We are based in the Malaysia, we RECRUITER are in exporting and trading of REQUEST FOR PROPOSALS Notice of Qualification of APTHORP Dried Battery Cells, PET Flakes, POSITION AVAILABLE SENIOR MEZZANINE LLC. Authority Copper Scrap, HMS 1&2, Used filed with Secy. of State of NY (SSNY) Rails, Aluminium Scrap and other on 06/23/10. Office location: NY scrap materials, in the direct order E&P Analyst County. LLC formed in Delaware (DE) of business ethics, we are tested (Citadel, LLC - New York, NY) Identify on 06/22/10. Princ. office of LLC: and trusted to have offered a very trading ideas in the global power Apthorp Management LLC, c/o The Feil sector based on industry fundamentals Organization, Seven Penn Plaza, NY, NY good service to our customers, and 10001. SSNY designated as agent of this is not about to change. We & stocks relative valuations. Reqs Bachelors or foreign equiv. in Business LLC upon whom process against it may hope to meet serious and clean be served. SSNY shall mail process to buyers as well. Please do not Administration, Finance or Economics the LLC at the addr. of its princ. office. + 6 yrs of exp relating to IPP sector in hesitate to inquire from us at... DE addr. of LLC: 2711 Centerville Rd., US & Latin American power companies [email protected]. Ste. 400, Wilmington, DE 19808. Arts. of (Brazil, Argentina, Chile). Must have Org. filed with DE Secy. of State, Div. of exp w/ the following: Exp w/ power & Corps., 401 Federal St., Ste. 4, Dover, utility modeling, capacity auctions in DE 19901. Purpose: Any lawful activity. PJM & MISO in US; Modeling exp in ERCOT & WECC power markets; & Notice of Qualification of COTC, LLC. PROMOTIONAL Exp w/ Oil Field services. Authority files with NY Dept. of State Resumes to Employee Relations/EH, on 6/18/10. Office location: NY County. PRODUCTS Attn: JobR-0134, Citadel, LLC, 131 Princ. bus. addr.: 8235 Forsyth, Ste. 400, South Dearborn Street, 32nd Floor, Clayton, MO 63105. LLC formed in DE Chicago, IL 60603. on 9/28/09. NY Sec. of State designated as agent of LLC upon whom process against it may be served and shall mail process to: c/o CT Corporation System, 111 8th Ave., NY, NY 10011, regd. agent TELECOMMUNICATIONS upon whom process may be served. DE addr. of LLC: Corporation Trust Co., 1209 Orange St., Wilmington, DE 19801. Arts. NYC'S MOTOROLA of ORg. filed with DE Sec. of State, 401 MOTOTRBO SPECIALISTS Federal St., Dover, DE 19901. Purpose: NOTICE OF FORMATION OF Honest Notice of Qualification of CENTRO NP any lawful activity. Crafts LLC. Articles of Organization MONROE PLAZA, LLC. Authority filed with the Secretary of State of NY filed with Secy. of State of NY (SSNY) Notice of Formation of ICER Outlets, (SSNY) on 6/10/10. Office location on 07/16/10. Office location: NY LLC. Art. of Org. filed with Secy. of NEW YORK County. SSNY has been County. LLC formed in Delaware (DE) State of NY (SSNY) on 02/26/10. designated as agent upon whom on 07/09/10. SSNY designated as Office location: NY Co. SSNY process against it may be served. agent of LLC upon whom process designated as agent of LLC upon The Post Office address to which the against it may be served. SSNY shall whom process against it may be SSNY shall mail a copy of any mail process to c/o Corporation served. SSNY shall mail process process against the LLC served upon Service Co., 80 State St., Albany, NY to the LLC, c/o ICER Brands, LLC, him/her is C/O the LLC 7014 13th 12207-2543. DE addr. of LLC: 2711 1385 Broadway - 16th Fl., New York, Ave., Ste. 202. Brooklyn, NY 11228. Centerville Rd., Ste. 400, Wilmington, NY 10018. Purpose: any lawful act Purpose of LLC: to engage in any DE 19808. Arts. of Org. filed with or activity. lawful act or activity. Street address Secy. of State, Div. of Corps., of Principal Business location is: 140 Townsend Bldg., Dover, DE 19901. NOTICE OF FORMATION OF Brook E. 81st St. #3A. New York, NY 10028. Purpose: Any lawful activity. Farm Group LLC. Article of Organization filed with the Secretary Notice of Formation of a Limited Liability Notice of Formation of ICER of 322 W. of State of NY (SSNY) on 5/11/2010. VISIT OUR WEBSITE 33 East 33rd Street Company (LLC): Name: BLUELINE 138th Street, LLC. Art. of Org. filed Office location NEW YORK County. New York, NY 10016 CAMPAIGNS LLC, Organized on: with Secy. of State of NY (SSNY) on SSNY has been designated as agent CRAINSNEWYORK.COM 212-532-7400 07/02/2010. Office locations: New 05/26/10. Office location: NY Co. upon whom process against it may be www.metrocomradio.com York County. Purpose: Any and all SSNY designated as agent of LLC served. The Post Office address to lawful activities. Secretary of State of upon whom process against it may which the SSNY shall mail a copy of New York (SSNY) designated as be served. SSNY shall mail process any process against the LLC served agent of LLC upon whom process to the LLC, c/o ICER Brands, LLC, upon him/her is C/O the LLC 161 against it may be served. SSNY shall 1385 Broadway - 16th Fl., New York, Chrystie Street. New York, NY 10002. mail copy of process to: BLUELINE NY 10018. Purpose: any lawful act Purpose of LLC: to engage in any PUBLIC & LEGAL NOTICES CAMPAIGNS LLC, 45 Wall St, Suite or activity. lawful act or activity. Street address 1613, New York, NY 10005-1919. of Principal Business location is: 161 Latest date upon which LLC is to Notice of Qualification of C-III Realty Chrystie Street. New York, NY 10002. Notice of Qualification of Building Notice of Qualification of CenturyTel dissolve: No specific date. Services LLC. Authority filed with NY Blocks (US), LLC. Authority filed with Long Distance, LLC. Authority filed Dept. of State on 7/8/10. Office loca- NOTICE OF FORMATION OF Christel NY Dept. of State on 7/26/10. Office with NY Dept. of State on 6/14/10. Notice of Formation of BSG Members tion: NY County. Princ. bus. addr.: D’Agostino, LLC. Article of Organization location: NY County. LLC formed in Office location: NY County. LLC LLC. Art. of Org. filed with Secy. of 200 Whitsett St., Ste. 100, Greenville, filed with the Secretary of State of FL on 5/7/10. NY Sec. of State des- formed in LA on 1/14/02. NY Sec. of State of NY (SSNY) on 12/15/09. Office SC 29601. LLC formed in DE on NY (SSNY) on 02/23/09. Office loca- ignated as agent of LLC upon whom State designated as agent of LLC location: NY Co. SSNY designated 7/2/10. NY Sec. of State designated tion: New York County. SSNY has process against it may be served upon whom process against it may as agent of LLC upon whom process as agent of LLC upon whom process been designated as agent upon whom and shall mail process to: CorpDirect be served and shall mail process to: against it may be served. SSNY shall against it may be served and shall process against it may be served. Agents, Inc., 10 E. 40th St., 10th Fl., c/o CT Corporation System, 111 mail process to the LLC c/o Robinson mail process to: c/o CT Corporation The Post Office address to which the NY, NY 10016. FL and principal 8th Ave., NY, NY 10011, regd. agent Brog Leinwand Greene Genovese System, 111 8th Ave., NY, NY 10011, SSNY shall mail a copy of any process business addr.: 14004 Roosevelt upon whom process may be & Gluck, PC, Attn: Robert M. Milner, regd. agent upon whom process may against the LLC served upon him is Blvd., Ste. 601H, Clearwater, FL served. LA and principal business Esq., 1345 Ave of the Americas, 31st be served. DE addr. of LLC: 1209 C/O the LLC United States Corporation 33762. Arts. of Org. filed with FL Sec. addr.: 100 CenturyLink Dr., Monroe, Fl., New York, NY 10105. Purpose: Orange St., Wilmington, DE 19801. Agents, Brooklyn, NY 11228. of State, 2661 Executive Center LA 71203. Arts. of Org. filed with LA any lawful act or activity. Arts. of Org. filed with DE Sec. of Purpose of LLC: To engage in any Circle, Tallahassee, FL 32301. Sec. of State, 8585 Archives Ave., State, 401 Federal St., Dover, DE lawful act or activity. Street address Purpose: any lawful activity. Baton Rouge, LA 70809. Purpose: Name of For. LP: AB PERRY VALUE 19901. Purpose: any lawful activity. of Principal Business location is: 310 all lawful purposes. PARTNERS (INTERMEDIATE) L.P. W 72 St., New York, NY 10023. Notice of Qualification of NCM SRLP Appl. for Auth. filed with Sec. of State Name of Foreign LLC: P. SCHOENFELD 2010-1, LLC. Authority filed with Notice of Qualification of PennantPark of NY: 6/22/2010. Jurisd. and date of ASSET MANAGEMENT GP LLC. App. NOTICE OF QUALIFICATION OF ASTAR, Secy. of State of NY (SSNY) on SBIC GP, LLC. Authority filed with org.: DE 6/8/2010. Princ. bus. loc.: for Auth. filed NY Dept. of State: LLC. Authority filed with NY Dept. of 07/14/10. Office location: NY County. NY Dept. of State on 7/12/10. Office 1345 Ave. of the Americas, NY, NY 12/24/08. Jurisd. and date of org.: DE State on 5/26/2010. NYS fictitious name: LLC formed in Delaware (DE) on location: NY County. Princ. bus. addr.: 10105. NY State off. loc.: NY Cty. 12/10/08. County off. loc.: New York ASTAR STUDIOS, LLC. LLC formed in 04/27/10. Princ. office of LLC: 9 W. 590 Madison Ave., 15th Fl., NY, NY Sec. of State designated as agent Cty. Princ. bus. loc.: 1350 Ave. of the Delaware (“DE”) on 4/15/2010. Office 57th St., 15th Fl., NY, NY 10019. 10022. LLC formed in DE on 5/7/10. upon whom process against it may Americas, 21st Fl., NY, NY 10019. location: NY County. Princ. office of LLC: SSNY designated as agent of LLC NY Sec. of State designated agent of be served. Sec. of State shall mail Sec. of State designated as agent of 590 Madison Ave., 21st Floor, New York, upon whom process against it may LLC upon whom process against it copy of process to: c/o AB Perry foreign LLC upon whom process NY 10022. Sec. of State designated be served. SSNY shall mail process may be served and shall mail process Value Partners GP LLC, 1345 Ave. of against it may be served. The Sec. of as agent of LLC upon whom process to c/o Corporation Service Co. to: c/o CT Corporation System, 111 the Americas, NY, NY 10105. Addr. State shall mail copy of process to: against it may be served and shall mail (CSC), 80 State St., Albany, NY 8th Ave., NY, NY 10011, regd. agent of LP in DE is: Corporation Service 1350 Ave. of the Americas, 21st Fl., NY, any process to the princ. office of the 12207-2543. DE addr. of LLC: c/o upon whom process may be served. Company, 2711 Centerville Rd., Ste. NY 10019. Addr. of foreign LLC in LLC. DE Office: ASTAR, LLC, c/o The CSC, 2711 Centerville Rd., Ste. 400, DE addr. of LLC: c/o The Corporation 400, Wilmington, DE 19808. Name/ DE is: National Corporate Research, Incorporating Company LLC, 42 Read’s Wilmington, DE 19808. Arts. of Org. Trust Co., 1209 Orange St., Wilmington, addr. of GP avail. from Sec. of State. Ltd., 615 South DuPont Hwy., Dover, Way, New Castle, DE 19720. Articles of filed with The Secy. of State of DE, DE 19801. Arts. of Org. filed with DE Authorized office in DE where Cert. DE 19901. Auth. officer in DE where org. filed with Jeffrey W. Bullock, DE Sec. Dept. of State, Div. of Corps., 410 Sec. of State, Loockerman & Federal of LP is filed: DE Secy. of State, Cert. of Form. filed: DE Sec. of State, of State, DE Div. of Corporations, 401 Federal St., Dover, DE 19901. Sts., Dover, DE 19901. Purpose: any Townsend Bldg., Dover, DE 19901. Townsend Bldg., Dover, DE 19901. Federal Street, Suite 4, Dover, DE 19901. Purpose: Any lawful activity. lawful activity. Purpose: any lawful activity. Purpose: any lawful activity. Purpose: any lawful activity.

20 | Crain’s New York Business | August 9, 2010 nb32p20-21cl.qxp 8/6/10 12:43 PM Page 21

PUBLIC & LEGAL NOTICES

Notice of Qualification of HEALTHCARE Notice of Qualification of COHESIVE Notice of Qualification of CANDLE Notice of Qualification of PROTIUM Notice of Qualification of Two Sigma FINANCE GROUP, LLC. Authority CAPITAL (GP), L.P. Authority filed FAMILY FOODS, LLC. Authority filed MASTER MORTGAGE LP. Authority Holdings VC Acquisition Vehicle IV, filed with Secy. of State of NY (SSNY) with Secy. of State of NY (SSNY) on with Secy. of State of NY (SSNY) on filed with Secy. of State of NY (SSNY) LLC, Authority filed Sec’y of State on 06/07/10. Office location: NY 07/21/10. Office location: NY 06/16/10. Office location: NY County. on 06/25/10. Office location: NY (SSNY) 10/7/08. Office loc.: NY County. LLC formed in Delaware (DE) County. LP formed in Delaware (DE) LLC formed in Delaware (DE) on County. LP formed in Delaware (DE) County. LLC org. in DE 10/3/08. SSNY on 05/23/08. Princ. office of LLC: 199 on 07/06/10. Princ. office of LP: c/o 10/28/09. Princ. office of LLC: 1307 on 08/14/09. Princ. office of LP: 200 desig. as agent of LLC upon whom Water St., NY, NY 10038. SSNY des- Cohesive Capital Partners, 650 5th Third Ave., NY, NY 10021. SSNY des- Park Ave., 29th Fl., NY, NY 10016. process against it may be served. ignated as agent of LLC upon whom Ave., 31st Fl., NY, NY 10019. SSNY ignated as agent of LLC upon whom SSNY designated as agent of LP SSNY shall mail copy of proc. to Attn: process against it may be served. designated as agent of LP upon process against it may be served. upon whom process against it may Matthew B. Siano, 379 W. Broadway, SSNY shall mail process to the LLC whom process against it may be SSNY shall mail process to the LLC be served. SSNY shall mail process 5th Fl., NY, NY 10012. DE office addr.: at the princ. office of the LLC. DE served. SSNY shall mail process to at the princ. office of the LLC. DE to Corporation Service Co. (CSC), 80 CSC, 2711 Centerville Rd., Wilmington, addr. of LLC: c/o United Corporate the LP at the addr. of its princ. office. addr. of LLC: c/o Allstate Corporate State St., Albany, NY 12207-2543. DE 19808. Cert. of Form. on file: Services, Inc., 874 Walker Rd., Ste. Name and addr. of each general Services Corp., 32 W. Loockerman Name and addr. of each general SSDE, Townsend Bldg., Dover, DE C, Dover, DE 19904. Arts. of Org. partner are available from SSNY. DE St., Ste. 201, Dover, Cnty. of Kent, partner are available from SSNY. DE 19901. Purp.: any lawful activities. filed with DE Secy. of State, Div. of addr. of LP: c/o Corporation Service DE 19904. Arts. of Org. filed with addr. of LP: CSC, 2711 Centerville Corps., John G. Townsend Bldg., 401 Co., 2711 Centerville Rd., Wilmington, Secy. of State of State of DE, Corp. Rd., Ste. 400, Wilmington, DE 19808. NOTICE OF FORMATION of Federal St. - Ste. 4, Dover, DE 19901. DE 19808. Arts. of Org. filed with Dept., Townsend Bldg., Dover, DE Purpose: The purchase and sale of SUSHICONE LLC. Arts of Org filed Purpose: Any lawful activity. Secy. of State of DE, Dept. of State, 19901. Purpose: Any lawful activity. residential mortgage loans on the with the Secy of State of New York Div. of Corps., John Townsend secondary market. (SSNY) on 4/20/10. Office location: Notice of Formation of Mesh LLC, Art. Bldg., Dover, DE 19901. Purpose: NOTICE OF FORMATION OF StyleIcon NY County. SSNY designated as an of Org. filed Sec’y of State (SSNY) Any lawful activity. Solutions LLC. Article of Organization NOTICE OF QUALIFICATION OF agent upon whom process may be 5/24/10. Office location: NY County. filed with the Secretary of State of Bogart + Bogart LLC. Articles of served and shall mail a copy of any SSNY designated as agent of LLC Notice of Formation of CMA REAL NY (SSNY) on 06/07/2010. Office Organization/Application for Authority process to the principal business upon whom process against it may be ESTATE MANAGEMENT, L.L.C. Arts. location NEW YORK County. SSNY has filed with the Secretary of State of address: 242 E 83 St., #3D, NY NY served. SSNY shall mail copy of pro- of Org. filed with Secy. of State of been designated as agent upon whom New York (SSNY) on 06/01/10. N.Y. 10028. Purpose: any lawful act. cess to c/o Salans LLP, Attn: Robert K. NY (SSNY) on 07/07/10. Office loca- process against it may be served. The Office Location: New York County. Smits, Esq., 620 Fifth Ave., NY, NY tion: NY County. Princ. office of Post Office address to which the SSNY LLC formed in Deleware on 01/14/10 Notice of Formation of THE BIG SOCIAL, 10020. Purpose: any lawful activities. LLC: 330 W. 75th St., NY, NY 10023. shall mail a copy of any process against SSNY has been designated as agent LLC, a domestic LLC. Arts. of Org. filed SSNY designated as agent of LLC the LLC served upon him/her is C/O the of LLC upon process against it may with the SSNY on 03/16/2010. Office NOTICE OF FORMATION OF Pay and upon whom process against it may LLC 300 E. 76th St. Apt. b2. New York, be served. The P.O. address to which location: NY County. SSNY has been Clean LLC. Arts. of Org. filed with be served. SSNY shall mail process NY 10021. Purpose of LLC: to engage the SSNY shall mail a copy of any designated as agent upon whom Secy. of State of NY (SSNY) on 3/4/10. to the LLC at the addr. of its princ. in any lawful act or activity. Street process against the LLC served upon process against the LLC may be served. Office location: New York County. office. Purpose: Any lawful activity. address of Principal Business location him/her is C/O the LLC: 16192 Coastal SSNY shall mail a copy of process to: SSNY designated as agent of LLC is: One Union Square South Ste. 20A. Hwy, Lewes, DE. 19958. The Principal 266 East Broadway, B207, NY, NY upon whom process against it may ALEXANDER AND IRINA LLC a New York, NY 10003. Business Address of the LLC is: 23 10002. Reg Agent: Suhyun Pak, 266 be served. SSNY shall mail process domestic Limited Liability Company 8th Ave, NY, NY 10014. Dissolution East Broadway, B207, NY, NY 10002. to: 1011 Beverley Road Brooklyn, NY (LLC), filed with the Sec of State of NOTICE OF FORMATION of Zollinger & date: N.A. Purpose of LLC: To Purpose: Any Lawful Purpose. 11218. Purpose: any lawful activity. NY on 6/10/10. NY Office location: Associates, LLC. Arts of Org filed with engage in any lawful act or activity. New York County. SSNY is designated the Secy of State of New York (SSNY) Notice of Formation of 216 EAST 28TH Notice of Registration: Kim Lee CPAs as agent upon whom process against on 5/19/10. Office location: NY County. Notice of Formation of Judd STREET LLC. Arts. of Org. filed with Secy. LLP. Certificate filed with Sec of State the LLC may be served. SSNY shall SSNY designated as an agent upon Foundation 101 Spring Street of State of NY (SSNY) on 5/30/01. Office of NY (SSNY) on 7/7/10. Office loc: mail a copy of any process against whom process may be served and Manager, LLC. Arts. of Org. filed location: NY County. SSNY designated New York County. SSNY designated the LLC served upon him/her to The shall mail a copy of any process to C/O with NY Dept. of State on 7/2/10. as agent of LLC upon whom process as agent of LLP upon whom process LLC, 2207 Broadway, Unit 10L, NY, United States Corporation Agents, Inc. Office location: NY County. Sec. of against it may be served. SSNY shall mail against it may be served. SSNY shall NY 10024. General Purposes. 7014 13th Ave., Ste 202, Brooklyn, NY State designated agent of LLC process to: c/o Vickers Management mail process to: 1261 Broadway, Suite 11228. Principal business address: upon whom process against it may Corp., 428 E. 83rd St., NY, NY 10028. 302, New York, NY 10001. Purpose: Notice of formation of Digital 450 W. 17 St., Ste 1702, NY NY 10011. be served and shall mail process to Purpose: any lawful activity. Certified Public Accountancy. Management Services Consultancy, Purpose: any lawful act. the principal business addr.: Judd LLC Arts. of Org. filed with the Sect’y Foundation, 101 Spring St., NY, NY Notice of Formation of G&S SOLAR Notice of Formation of Chop’t 80 Pine of State of NY (SSNY) on Notice of Qualification of BSE Ventures 10012, Attn: Flavin Judd, regd. LLC. Arts of Org. filed with Secy. Of INSTALLERS LLC. Arts. of Org. filed 12/17/2009. Office location, County LLC. Authority filed with NY Dept. of agent upon whom process may be with Secy. of State of NY (SSNY) on State of NY (SSNY) on 7/20/10. of New York. SSNY has been desig- State on 5/27/10. Office location: NY served. Purpose: any lawful activity. Office location: NY County. SSNY 01/15/10. Office location: NY nated as agent of the LLC upon County. LLC formed in DE on 5/26/10. County. Princ. office of LLC: 211 E. designated as agent of LLC upon whom process against it may be NY Sec. of State designated as Notice of Formation of Chop’t 1285 whom process against it may be 43rd St., NY, NY 10017. SSNY des- served. SSNY shall mail process to: agent of LLC upon whom process Sixth LLC. Arts of Org. filed with ignated as agent of LLC upon whom served. SSNY shall mail process to: Bertine, Hufnagel Headley Zeltner against it may be served and shall Secy. Of State of NY (SSNY) on the LLC, c/o Chopt, Attn: President, process against it may be served. Drummond & Dohn LLP, 700 Post mail process to the principal business 7/20/10. Office location: NY County. SSNY shall mail process to the LLC 853 Broadway, Suite 606, NY, NY Road Suite 237, Scarsdale, NY addr.: 345 Park Ave., 41st Fl., NY, NY SSNY designated as agent of LLC 10003. Purpose: any lawful activity. at the addr. of its princ. office. 10583. Purpose: Any lawful act. 10154. DE addr. of LLC: c/o National upon whom process against it may be Purpose: Any lawful activity. Corporate Research, Ltd., 615 S. served. SSNY shall mail process to: Notice of Formation of 2146 Nostrand Notice of Formation of 232 EAST DuPont Hwy., Dover, DE 19901. Arts. the LLC, c/o Chopt, Attn: President, 93 Madison LLC. Arts of Org filed Avenue Associates LLC. Arts. of Org. BROADWAY LLC. Arts. of Org. filed of Org. filed with DE Sec. of State, 853 Broadway, Suite 606, NY, NY with NY Sec of State (SSNY) on 7/1/10. filed with Secy. of State of NY (SSNY) with Secy. of State of N.Y. (SSNY) on 401 Federal St., Dover, DE 19901. 10003. Purpose: any lawful activity. Office: New York County. SSNY des- on 6/15/10. Office location: NY County. 7/13/10. Office location: New York Purpose: any lawful activity. ignated as agent of LLC upon whom SSNY designated as agent of LLC upon County. SSNY designated as agent Notice of Qualification of Braven Films, process may be served. SSNY shall whom process against it may be served. of LLC upon whom process against LLC. Authority filed with Secy. of NOTICE OF FORMATION OF FSC mail copy of process to: 107 Madison SSNY shall mail process to: c/o The it may be served. SSNY shall mail State of NY (SSNY) on 6/16/10. BARBER - ZZANO L.L.C. Articles of Street, Apt. 1B, New York, NY 10002. LLC, 1412 Broadway, 3rd Fl., NY, NY process to: c/o Ira Meister, Matthew Office location: NY County. LLC Organization filed with Secretary of Purpose: Any lawful activity. 10018. Purpose: any lawful activity. Adam Properties, Inc., 127 East 59th State of New York (SSNY) on formed in Delaware (DE) on 5/6/10. Street, New York, NY 10022. 05/07/2010. Office location: NY SSNY designated as agent of LLC Notice of Formation of IND. REV. LLC. Purpose: any lawful activity. County. SSNY has been designated upon whom process against it may Notice of Formation of KP Southampton Art. of Org. filed with Secy. of State as an agent upon whom process be served. SSNY shall mail process LLC. Arts. of Org. filed with NY Dept. of NY (SSNY) on 03/12/10. Office NOTICE OF FORMATION of Service against the LLC may be served. The to: c/o The LLC, 33 West 19th St., of State on 4/9/10. Office location: location: NY Co. SSNY designated Bar LLC. Arts of Org filed with the address to which SSNY shall mail a 4th Fl., NY, NY 10011, also the NY County. Sec. of State designated as agent of LLC upon whom process Secy of State of New York (SSNY) on copy of any process against the LLC principal office. Address to be main- as agent of LLC upon whom process against it may be served. SSNY shall 6/28/10. Office location: NY County. is to: FSC Barber - Zzano L.L.C., 191 tained in DE: 615 S. DuPont Hwy., against it may be served and shall mail process to the LLC, c/o ICER SSNY designated as an agent upon Chrystie Street, Suite #2F, New York, Dover, DE 19901. Arts of Org. filed mail process to the principal business Brands, LLC, 1385 Broadway - 16th whom process may be served and NY 10002. Purpose: To engage in with DE Secy. Of State, 401 Federal addr.: c/o Katz Properties, 247 W. Fl., New York, NY 10018. Purpose: shall mail a copy of any process to: any lawful act or activity. St., Ste. 4, Dover, DE 19901. 30th St., 11th Fl., NY, NY 10001. any lawful act or activity. 3333 Broadway, Apt E17A, NY NY Purpose: any lawful activities. Purpose: any lawful activity. 10031. Principal business address: Notice of Qualification of QUIDNET NOTICE OF QUALIFICATION OF DT 21 E. 7 St. NY NY 10003. Purpose: CAPITAL PARTNERS, LLC. Authority Notice of Formation of COPERNICUS Notice of Qualification of Ascend ORTHOPAEDIC INSURANCE any lawful act. filed with Secy. of State of NY SOLAR, LLC. Arts. of Org. filed with Access LLC. Authority filed with NY AGENCY, LLC. Arts of Application (SSNY) on 07/13/10. Office location: Secy. of State of NY (SSNY) on Dept. of State on 6/15/10. Office for Authority filed with the Secy of Notice of Qualification of CIM/46 NY County. LLC formed in Delaware 06/29/10. Office location: NY County. location: NY County. Princ. bus. addr.: State of New York (SSNY) on E57th St. (NY), LLC. Authority filed (DE) on 05/13/10. Princ. office of Latest date on which the LLC may 4 World Financial Ctr., 250 Vesey St., 4/15/10. N.Y. Office Location: NY with Secy. of State of NY (SSNY) on LLC: 527 Madison Ave., 6th Fl., NY, dissolve is 02/01/2029. SSNY desig- 6th Fl., NY, NY 10080. LLC formed in County. LLC formed in DELAWARE 7/8/10. Office location: NY County. NY 10022. SSNY designated as nated as agent of LLC upon whom DE on 6/2/10. NY Sec. of State des- on 1/19/10. SSNY designated as LLC formed in Delaware (DE) on agent of LLC upon whom process process against it may be served. ignated as agent of LLC upon whom agent of LLC upon process may be 7/2/10. SSNY designated as agent against it may be served. SSNY shall SSNY shall mail process to the LLC, process against it may be served and served and shall mail a copy of any of LLC upon whom process against mail process to the LLC at the princ. c/o Richard T. Carr, Jr., 4705 Center shall mail process to: CT Corporation process to the LLC: 111 Eighth it may be served. SSNY shall mail office of the LLC. DE addr. of LLC: Blvd., Ste. 3009, Long Island City, System, 111 8th Ave., NY, NY 10011, Avenue, New York, NY 10011. The process to: Paracorp Incorporated, c/o Corporation Service Co., 2711 NY 11109. The regd. agent of the regd. agent upon whom process may Principal Business Address of the 40 E. Division St., Ste. A, Dover, DE Centerville Rd., Ste. 400, Wilmington, company upon whom and at which be served. DE addr. of LLC: The LLC is: 110 West Rd, Suite 227, 19901, also the address to be New Castle Cnty., DE 19808. Arts. of process against the company can be Corporation Trust Co., 1209 Orange Towson, MD 21204. Purpose of LLC: maintained in DE. Arts of Org. filed Org. filed with DE Secy. of State, Div. served is Thomas A. Rice, Esq., St., Wilmington, DE 19801. Arts. of INSURANCE PRODUCER SELLING, with DE Secy. Of State, 401 Federal of Corps., John G. Townsend Bldg., Hunton & Williams LLP, 200 Park Org. filed with DE Sec. of State, P.O. SOLICITING AND ADMINISTERING St., Ste. 4, Dover, DE 19901. 401 Federal St., Ste. 4, Dover, DE Ave., 53rd Fl., NY, NY 10166. Box 898, Dover, DE 19903. Purpose: INSURANCE PROGRAMS. Purpose: any lawful activities. 19901. Purpose: Any lawful activity. Purpose: Any lawful activity. any lawful activity.

August 9, 2010 | Crain’s New York Business | 21 20100809-NEWS--0022-NAT-CCI-CN_-- 8/6/2010 8:02 PM Page 1

er, including one set at her house in Lake Placid, N.Y. Dursts dare to differ Douglas credits youthful visits Radical reinvention there with laying the foundation for Continued from Page 1 Ellis Inc., who has known the fam- something else that has become a Continued from Page 1 flects the ideals and objectives of the Manhattan development sites. ily for years.“That is the Durst way.” hallmark: the firm’s early and bold the media landscape that have publication,” says Chris Roush, di- Meanwhile, Durst and a partner Changing with the times is also embrace of green buildings. This wreaked havoc on the entire busi- rector of the Carolina Business bought a prewar property on Fifth part of the family strategy. When summer, 1 Bryant Park became the ness magazine category. News Initiative at the University of Avenue for $42 million and plan to the Dursts, who traditionally built city’ s first office building to be cer- According to a 19-page presenta- North Carolina. “I think there’s turn it into a condo. office buildings, decided to develop tified as LEED platinum, the high- tion that was distributed to advertis- been a disconnect between the web The projects reflect Douglas and more residential towers, they knew est rating for green buildings. ers and obtained by Crain’s,Mr. operation and the print operation, his cousin Jody’s imprint on the 95- they needed help. So in 2008, they D’Vorkin will turn Forbes into a dig- and hopefully what Lewis is doing year-old firm. Unlike their ances- formed a partnership with Sidney Times Sq. switcheroo ital-age print property with a “web- will resolve that.” tors who feared messy entangle- Fetner Associates, an established in recent years, the Dursts have compatible aesthetic” and a rededi- ments, this third generation of residential expert. Now, Durst Fet- also won kudos for their early—and cated focus on long-form journalism. No choice but to change leaders does not shun partners or ultimately hugely profitable—em- Forbes.com will put news at the cen- the blogs may end up attracting a government projects. brace of Times Square. That came, ter of social media conversations and more engaged upscale audience, but Under Jody, who became sole ‘Douglas is very however, after they had loudly op- foster “participatory story-building” the “re-architecture” of the company, president last month after sharing posed the government-sponsored to bring users and other journalists as the presentation calls it, came the post with his cousin for 12 years, smart and effort to redevelop the area, just as into the discussion. about because Forbes Media didn’t the company is expected to stay on they did years later at Ground Zero. In a departure from the tradi- have a choice. Between 2007 and course. Like Douglas, Jody is a man patient. I’m “They didn’t listen to our objec- tional separation of church and state 2009,ad pages at Forbesplunged 40%. of few words, with a dry sense of tions,” explains Douglas, who didn’t in print journalism, an “AdVoice” The bottom also fell out of humor. just patient’ let his position stand in the way of platform will allow marketers to Forbes.com, which had long been In fact, when asked if there will opportunity. When the redevelop- supply content to both the the rare example of an on- be any major changes, Jody simply ment project stumbled, Durst magazine and website. line extension that over- replies, “No.” When asked how his moved in,built 4 Times Square,and Most significantly, shadowed the magazine. management style might differ lured trendy publisher Condé Nast Mr. D’Vorkin, a former Over the past 18 months, from his cousin’s, he deadpans: ner Residential is developing an as the anchor tenant. AOL executive who has its traffic has fallen 40%,to “Douglas is very smart and patient. apartment house for Mount Sinai Now, with Condé Nast slated to also been an editor at 8.6 million unique visitors I’m just patient.” Medical Center, renovating the move to the Durst-managed 1 Forbes and The Wall Street in June from a high of 14.3 Fifth Avenue property and laying World Trade in about four years, Journal, will field an army million in December Not the Donald the groundwork for a tower on West the family will have to scramble to of bloggers from existing 2008, according to re- in an industry long on larger- 57th Street. find a new tenant for 4 Times staff and new contribu- search firm Compete. than-life characters like Donald Some projects just can’t get done Square. Douglas says he’s not wor- tors. They will publish Lewis Insiders blame the Trump, the Dursts prefer a lower- without a partner, insists Douglas. ried, and many observers are not and promote themselves D’Vorkin steady erosion on a change key approach. “Projects are so big now,you need surprised. using tools developed at helped in strategy at large web “There is not a boastful gene a partner to get the financing,” says Gary Rosenberg,the firm’s long- web journalism startup portals like Yahoo and among the Dursts,” says Mary Ann Douglas, sitting in a 1 Bryant Park time lawyer, says, “This is a compa- True/Slant, which he develop AOL, which used to fea- Tighe, chief executive of the New conference room decorated with ny that thinks about building wealth founded and ran until the popular ture those cheesy York tristate region for CB Richard pictures painted by his grandmoth- for the generations to come.”
Forbes bought it in May. gossip site Forbes.com lifestyle sto- He certainly has experi- TMZ for his ries on their home pages. ence creating winning former As the portals focused may sell off Food Emporium. That web businesses. At AOL, employer, more on their own con- Rivals eyeing A&P chain boasts 16 Manhattan stores. he helped to launch tent, they fed less traffic to Mr.Flickinger notes that they are the TMZ, the wildly popular AOL Forbes.com. most upscale in the company’s port- gossip site. Others blame the deci- Continued from Page 1 food retailers in the country, with folio and are outperforming its other For Forbes staffers, this sion at the end of 2008 to owner, Howard Glickberg. more than 15,000 stores in its heyday brands. brave new world of entrepreneurial combine Forbes’print and online op- “If Food Emporium came up for in the 1930s, A&P has been strug- “A&P should sell its weakest op- journalism has inspired excite- erations, which left two different sale,it would be a real estate opportu- gling for many years,but it was caught erating companies,but its history is to ment—and fear. “It’s going to be a cultures fighting it out. nity for us,” says Mr. Glickberg, completely flat-footed over the past sell its crown jewels,”he says.In 2005, sink-or-swim Darwinian experi- In addition,ad rates fell as online whose company is rapidly expanding decade as newer competitors like it did just that, selling its highly suc- ence,”says one writer turned blogger. ad networks drove down pricing. in the area. Whole Foods Market and Trader cessful A&P Canada subsidiary to Mr. D’Vorkin declined to com- Private equity firm Elevation Part- In fact, an implosion of 151-year- Joe’s redefined the supermarket busi- help it pay down debt. ment for this story. ners, which paid $300 million for a old A&P could be a windfall for its ness. At this point, the situation is so According to insiders, the blog- 40% stake in Forbes Media in 2006, competitors. Buildings large enough Over the past 12 months, A&P dire that union officials are worried. gers will include all Forbes staffers shuffled its board members last year to accommodate supermarkets are has replaced two chief executives. A “We are concerned about stores and some former True/Slant con- to focus on cost cutting.Forbes went scarce and highly sought-after in the third, Sam Martin, was appointed closing, layoffs and the lack of cus- tributors and others, who will be through several rounds of layoffs, city.A&P’s five-borough portfolio of late last month. A former chief oper- tomers,” says John Durso, president paid based on what kind of traffic culminating in 100 staffers losing 48 such properties under the Wald- ating officer of OfficeMax and Wild of Local 338, which represents 7,000 and web interaction they attract. their jobs last October. baum’s, Food Emporium, Pathmark Oats Markets,respectively,Mr.Mar- A&P,Waldbaum’s and Food Empo- There will also be a multitude of Insiders say that following the and A&P banners is one of tin has a herculean task ahead rium employees. writers who won’t be paid—a mod- departure of Forbes.com Chief Ex- the largest in the city. The of him. el similar to that of the Huffington ecutive Jim Spanfeller a year ago,the Montvale, N.J.-based grocer 429 The company has lost Billionaire raises hopes Post, whose thousands of bloggers company has lurched in different di- has a total of 429 stores across STORES owned money for seven straight mr.durso and his peer,Pat Purcell at write for free. rections with no clear strategy.That eight states in the Northeast. by A&P today; quarters. In its most recent Local 1500, which represents 6,000 changed with the arrival of Mr. down from Marketers to add content While some rivals are bid- 15.000 in its fiscal quarter ended June 19, Pathmark employees, are pinning D’Vorkin in May. ing their time hoping to snap 1930s heyday the grocer reported a loss of their hopes on the abilities of billion- in addition, marketers will be able Critics of the proposed changes up individual locations—or $122.6 million, compared aire supermarket magnate Ronald to join the conversation. As Mr. wonder whether Forbes’ target au- even entire chains,should they hit the with a loss of $65.2 million in the Burkle, whose Yucaipa Cos. firm in- D’Vorkin explained in a post last dience of C-suite executives will market—many others are not wait- same quarter of 2009. vested in A&P more than a year ago week that introduced the test launch want to wade through hundreds of ing. They are circling the foundering In late July, Standard & Poor’s and currently ranks as its third-largest of the blog platform, the aim will be blogs. Fans of Mr. D’Vorkin, how- giant, chipping away at its market lowered the company’s credit rating shareholder. to open up the website and maga- ever, say he has a sense of how me- share. to deep into junk territory, CCC, be- The union bosses have had discus- zine to “creators, consumers and dia is changing. cause it has too little cash on hand. sions with Yucaipa executives, who marketers alike.” The redesigned magazine will de- Target turns grocer “While many supermarkets have ex- are now advising A&P.Last year, the The advertising content will be but with The Forbes 400 issue in late target, for example, just opened a perienced profit pressures over the company brought two Yucaipa offi- integrated, “yet with clearly identi- September. The website rollout will fresh-grocery division at its new store past year, performance at A&P has cials onto its board of directors. fied distinctions,” according to the continue until the end of the year. in East Harlem and plans to do the generally been worse than industry The local unions would like to see presentation. Advertisers will be briefed on the same at others in New York.The dis- averages,”wrote S&P analyst Charles A&P open new stores in neighbor- Some observers believe the new coming changes in presentations count department store is spending Pinson-Rose. hoods the city has identified as under- emphasis on blogs represents an im- this week.It’s still a tough market for big money on an advertising blitz to Mr. Flickinger predicts that the served, where the locations would provement over the old focus on magazines, but some advertisers get the word out about its foray into company could face a cash crisis by qualify for financial incentives.To do building web traffic through lists think Mr. D’Vorkin has struck on a fruits, vegetables and meat. next February. An A&P spokes- that, however, the chain would need and slide shows, like “America’s promising approach. “Target is taking advantage of woman says the company’s turn- to raise capital, and that would mean Drunkest Cities,” that had little to “It’s smart,”says Bryan Noguchi, A&P’s weakness in New York City,” around plan includes the sale of non- big asset sales. do with business. executive media director at inde- says supermarket consultant Burt core assets,and that’s exactly what has “This is a great opportunity for “The problem I’ve always had pendent ad agency T3. “But there Flickinger. its competitors salivating. A&P to take advantage of these pro- with Forbes is that the website does- are a lot of nuances they have to get Once one of the most-admired Some observers suggest that A&P grams,” says Mr. Purcell.
n’t come across as something that re- right.”

22 | Crain’s New York Business | August 9, 2010 20100809-NEWS--0023-NAT-CCI-CN_-- 8/6/2010 1:41 PM Page 1

FOR THE RECORD

enter them online at STOCK TRANSACTIONS transaction worth $6,730,860. He now crainsnewyork.com/submitadeal. Deals are directly holds 258,856 shares. ABOUT THIS SECTION listed in order of square footage. Following are recent insider transactions at G FOR THE RECORD is a weekly listing of information from the public record that New York’s largest publicly held companies William H. Glenn, president of global COMMERCIAL filed with the Securities and Exchange merchant services and executive officer, can help businesspeople in the New York area find opportunities, potential G Healthfirst has signed a 20-year lease Commission by executives and major exercised options on 95,959 shares of new clients and updates on competitors. for 172,577 square feet at 100 Church shareholders. Listings are in order of common stock at prices ranging from To ask questions or get more information on this section, contact Denise St., a 21-story, 1.05 million-square-foot transaction value.The information was $16.71 to $29.81 on July 27, in a Southwood at [email protected]. office building owned by SL Green obtained from Thomson Reuters. transaction worth $2,233,465. On the Realty Corp. The organization will same day, he sold 82,881 shares at occupy the 16th, 17th 18th and 19th G Morgan Stanley (MS) $44.42, in a transaction worth floors. Derek Trulson, Bill Peters and China Investment Corp. sold $3,681,723. He now directly holds Daoud Awad from Jones Lang LaSalle 14,600,000 shares of common stock at 37,054 shares. BANKRUPTCIES Avenue to East 26th Street in Brooklyn. represented the tenant in the prices ranging from $27.04 to $27.25 Apprenticeship requirements apply to transaction, while Brian Waterman, between July 21 and July 27, in a G BlackRock Inc. (BLK) The following listings are selected from the this contract. For more information, James Kuhn, John Fanuzzi, Hal Stein transaction worth $396,466,496. It now James J. Grosfeld, director, purchased most recent available filings by companies contact Ben Perrone at (718) 391-2614. and Lance Korman of Newmark Knight indirectly holds 161,632,000 shares. 41,000 shares of common stock at prices seeking bankruptcy protection in the Frank acted on behalf of the landlord. ranging from $151.14 to $153.92 on Southern and Eastern Districts of New G School Construction Authority The asking rent was $38 per square foot. G PepsiCo Inc. (PEP) July 23, in a transaction worth York. Information was obtained from U.S. Seeks competitive sealed bids by 10:30 Indra K. Nooyi, chairman and chief $6,247,269. He now directly holds Bankruptcy Court records available on a.m. on Aug. 10 for exterior masonry for G The United Nations Population Fund executive, exercised options on 572,293 102,114 shares. Public Access to Court Electronic Records. flood elimination at P.S. 236 in signed a 15-year lease for 130,740 shares of common stock at prices Listings are in alphabetical order. Brooklyn. For more information, contact square feet at 605 Third Ave., a 900,000- ranging from $43.50 to $45.51 on July G Cognizant Technology Solutions Corp. Kevantae Idlett at (718) 472-8360 or square-foot office tower owned by 22, in a transaction worth $25,648,496. (CTSH) G Gospel Uptown [email protected]. Fisher Brothers. The organization will On the same day, she sold 572,293 Rajeev Mehta, chief operating officer of 2110 Adam Clayton Powell Jr. Blvd. occupy the entire fourth, fifth and sixth shares at $64.48, in a transaction worth global client services, exercised options on Filed for Chapter 11 bankruptcy G School Construction Authority floors. Andrew Roos of Colliers $36,899,392. She now directly holds 27,000 shares of common stock at prices protection on June 30. The filing cites Seeks competitive sealed bids by 11:30 International represented the tenant in 449,356 shares. ranging from $5.06 to $5.81 on July 23, estimated liabilities of $1,000,001 to a.m. on Aug. 20 for boiler conversion the transaction, while Jack Whalen of in a transaction worth $138,870. On the $10 million and estimated assets of and climate control. The bid-document Fisher Brothers acted on behalf of the G Richard A. Goodman, former chief same day, he sold 47,260 shares at $55.00, $500,001 to $1 million. Among charge is a nonrefundable $100. The landlord in-house. The asking rent was financial officer, exercised options on in a transaction worth $2,599,300. He creditors with the largest unsecured project range is $3,660,000 to not available. 27,334 shares of common stock at prices now directly holds 26,407 shares. claims are Body Lawson Associates, $3,851,000. For more information, ranging from $43.50 to $44.50 on July 22, owed $102,000; and Joseph Fleming & contact Anthony Largie at G Brune & Richard signed a 10-year in a transaction worth $1,199,984. On the G Atlas Air Worldwide Holdings Inc. Associates, owed $68,000. (718) 752-5842 or [email protected]. sublease for 25,640 square feet at 1 same day, he sold 27,334 shares at $64.51, (AAWW) Battery Park Plaza, a 35-story, 750,000- in a transaction worth $1,763,344. He John W. Dietrich, executive vice G New Century Lumber Corp. GOODS AND SERVICES square-foot office tower owned by now directly holds 67,964 shares. president and chief operating officer, 29 15th St., Brooklyn G Department of Citywide Administrative Rudin Management Co. The firm will exercised options on 37,954 shares of Filed for Chapter 7 bankruptcy Services occupy the entire 34th floor. Ted G American Express Co. (AXP) common stock at prices ranging from protection on July 29. The filing cites Seeks competitive sealed bids by 10:30 Rotante of Colliers International Thomas A. Schick, executive vice $27.50 to $49.17 between July 26 and estimated liabilities of $100,001 to a.m. on Aug. 27 for rental of various represented the tenant in the president of corporate and external July 27, in a transaction worth $500,000 and estimated assets of $0 to equipment. For more information, transaction, while John Johnson and affairs, exercised options on 188,496 $1,410,434. During the same period, he $50,000. Among creditors with the contact Anna Wong at (212) 669-8610 Nick Farmakis of Studley Inc. acted on shares of common stock at $31.94 on sold 37,954 shares at prices ranging largest unsecured claims are the New or [email protected]. behalf of sublandlord Bingham July 27, in a transaction worth from $58.00 to $60.00, in a transaction York State Department of Taxation and McCutchen. The asking rent was $38 $6,020,751. On the same day, he sold worth $2,245,740. He now directly Finance, owed $105,113.57; and Gary G Department of Environmental Protection per square foot. 188,496 shares at $44.46, in a holds 36,934 shares. Chiu, owed $40,000. Seeks competitive sealed bids by 11:30 transaction worth $8,380,608. He now a.m. on Aug. 18 for service and repair of G Bond New York signed an eight-year directly holds 80,938 shares. G AEP Industries Inc. (AEPI) G Sea Star Food USA Inc. boilers at various DEP facilities renewal and expansion for 10,800 square KSA Capital Management purchased 56-24 58th St., Maspeth, Queens throughout the city.There will be a feet at 1776 Broadway, a 25-story, G Edward P.Gilligan, vice chairman and 30,327 shares of common stock at prices Filed for Chapter 11 bankruptcy prebid conference at 10 a.m. on Aug. 10 110,000-square-foot building owned by head of global consumer and small ranging from $24.91 to $28.27 between protection on July 29. The filing cites at 96-05 Horace Harding Expressway, ULM Holding Corp. The firm will business card issuing and network and July 20 and July 27, in a transaction estimated liabilities of $1,000,001 to second floor, conference room 4, occupy the second and 19th floors. merchant businesses, sold 150,000 worth $767,868. It now indirectly holds $10 million and estimated assets of $0 to Flushing, Queens. For more Jeffrey Rosenblatt of Newmark Knight shares of common stock at $44.87, in a 1,355,740 shares.
$50,000. Among creditors with the information, contact Greg Hall at Frank represented the tenant in the largest unsecured claims are Import (718) 595-3236 or [email protected]. deal, while Peter Berti of Cushman & Foods Operations, owed $416,853.61; Wakefield acted on behalf of the and Gebr. Kooy B.V. Energieweg, owed G Health and Hospitals Corp. landlord. The asking rent for the lower DEALS ROUNDUP $97,028.19. Seeks competitive sealed bids by Aug. 20 floor was in the low $40s per square for bleach wipes. For more information, foot. G TRANSACTION SIZE The Family T contact Prasanna Vidyasagar at COMPANY (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE 3223 Quentin Road, Brooklyn (718) 883-6006 or [email protected]. G Pharo Management signed a 10-year Filed for Chapter 11 bankruptcy lease for 10,776 square feet at 1370 Sixth 16 premier office $1,446.9 Brookfield Properties Corp. SB M&A protection on July 22. The filing cites G Health and Hospitals Corp., Queens Ave., a 34-story, 350,000-square-foot properties in Sydney, (Manhattan) Melbourne and Perth estimated liabilities of $500,001 to $1 Health Network building owned by Principal Financial (Australia) million and estimated assets of $500,001 Seeks competitive sealed bids by 2 p.m. Group. The firm will occupy the entire HGI Holdings Inc. $850.0 Clayton Dubilier & Rice Inc. FB M&A to $1 million. Among creditors with the on Aug. 17 for equipment maintenance 26th floor. Brian Goldman and John (Manhattan), Goldman Sachs Group largest unsecured claims are Altz Group for its Trima Accel Automated Blood Moran III of Newmark Knight Frank merchant banking division (Manhattan) Inc., owed $58,000; and Boaz Collection System. For more represented the tenant in the Miramax Film Corp. $660.0 Colony Capital, FB M&A Contractor Inc., owed $41,000. information, contact Boris Goltzman at transaction, while Paul Amrich and (Manhattan) individual investor (718) 883-6000 or Fernando Urrutia of CB Richard Ellis $440.7 [email protected]. represented the landlord. The asking American Oil & Gas Inc. Hess Corp. (Manhattan) SB M&A GOVERNMENT CONTRACT rent was $74 per square foot. LNR Property Corp. $417.0 Oaktree Capital Management, GCI OPPORTUNITIES G Housing Authority Cerberus Capital Management (Manhattan), G Vornado Realty Trust (Manhattan), iStar Seeks competitive sealed bids by 10:30 FDM Group signed a long-term lease Financial Inc. (Manhattan) Following are selected contract a.m. on Aug. 11 for SCO furnishing for 6,709 square feet at 14 Wall St., a 37- opportunities recently announced by New joint compound and tape. For more story, 1.05 million-square-foot tower Health Grades Inc. $281.5 Vestar Capital Partners (Manhattan) FB M&A York City agencies.To learn how to sell information, contact Atul Shah at owned by Capstone Equities. The firm Innkeepers USA Trust $107.5 Apollo Management (Manhattan) FB M&A goods and services to city government, visit (718) 707-5450. will occupy J.P.Morgan’s former China PharmaHub Corp. $13.9 World Wide Relics Inc. SB M&A www.nyc.gov/selltonyc. For a searchable residence on the 31st floor. Christopher (Manhattan) database of current procurement notices, G New York Police Department Sterling and Christian Helgesen of Relevent Group (Manhattan) $11.4 MDC Partners Inc. (60%) SB M&A visit www.nyc.gov/cityrecord. Listings are Seeks competitive sealed bids by 11 a.m. UGL Equis represented the tenant in Anydayanyway.com $10.0 Tiger Global Management SB M&A alphabetical by category and department. on Aug. 11 for collar insignia. The the transaction, while Brad Gerla, (Manhattan) (40%) numerals and/or numbers must conform Howard Fiddle, Jonathan Cope and GoodData Corp. $6.5 General Catalyst Partners, GCI CONSTRUCTION to Police Department specifications. For Evan Haskell of CB Richard Ellis acted Windrest Partners (Manhattan), G Department of Design and Construction more information, contact Sgt. G. on behalf of the landlord. The asking Andreessen Horowitz, Fidelity Seeks competitive sealed bids by 11 a.m. Molloy at (646) 610-5940. rent was $50 per square foot. Growth Partners Europe on Aug. 26 for cleaning, television Article One Partners $5.0 Alleghany Corp. asset GCI inspection and digital audio-visual RETAIL (Manhattan) management arm (Manhattan), recording of sewers. Experience is REAL ESTATE DEALS G Pappas Bros. Steakhouse signed a 15- individual investors required. For more information, contact year lease for 7,500 square feet at 72 Selected deals announced for the week ended July 31 involving companies in metro New York. Ben Perrone at (718) 391-2614. Companies that would like to have details Madison Ave. James Rainey of HRM FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing of their recent transactions appear in these Commercial represented the tenant in shares of a company with the participation of a financial buyer. GCI: Growth capital investment G Department of Design and Construction listings should e-mail descriptions the transaction, while the owner was represents new money invested in a company for a minority stake. SB M&A: Strategic buyer Seeks competitive sealed bids by 11 a.m. following this format to represented in-house by Robin M. Kelz M&A represents a minority or majority acquisition of existing shares of a company without the participation of a financial buyer. on Aug. 31 for Belt Parkway [email protected], with “Real of Moinian Group. The asking rent was source: capitaliq rehabilitation from Coney Island estate transaction” in the subject line, or $400,000 a year.

August 9, 2010 | Crain’s New York Business | 23 20100809-NEWS--0024-NAT-CCI-CN_-- 8/6/2010 7:20 PM Page 1

e-commerce growth. The brand re- cently launched an upscale line, Liz Claiborne still dressed in red ink Bird, and recruited designer Erin Fetherston to guest design Juicy Continued from Page 3 analyst with Moody’s Investors Ser- parel offerings to include tops and through 2011. (The founders most controversial of all.Once a sta- vice. Juicy’s sales bottoms. moved to consulting roles earlier ple at higher-priced department Meanwhile, critics say the up- Later this year, he plans to con- this year.) stores,the label has shrunk to a frac- scale Kate Spade line is a niche play- dropped 11% vert Lucky’s Prince Street store to tion of its size. Last week, it er that can’t expand dramatically, Lucky Legend,the brand’s high-end Remaining confident launched exclusively at J.C. Penney, Juicy has maxed out as a trend, and in 2009, to line, and to expand the size of other as for mexx, which saw net sales and the Isaac Mizrahi-designed Liz jeans hit their peak a few years ago, Lucky outposts to near 3,200 square drop 13% for the second quarter, Claiborne New York now sells only leaving Lucky in the cold. Mexx, $540 million feet from 2,000. The brand will also Mr. McComb is hoping former Es- on QVC. Owing to the diminished never a hit with Americans,is strug- get its first large-scale marketing prit executive Thomas Grote, re- store count, the clothier decided to gling even in Europe. campaign, which will debut in-store cruited to head the brand last year, close its 87 namesake outlet stores,a and through catalogs this fall. will help it catch on with consumers. division that was once among the Dismissing the naysayers For Juicy,which saw sales drop by “It’s easy to pick at a company company’s most profitable. “It’s mr. mccomb dismisses the naysay- could have as many as 200 outposts about 11% in 2009, to $540 million, that has to go through a restructur- more challenging to run an outlet ers. He expects to see Kate, current- over the next five years, with a focus compared with a year earlier, he’s ing like this, but we hold our head business when you have more limit- ly with annual sales of $141 million, on Brazil, Japan and China. He’s concentrating on expansion in Eu- high and are incredibly proud,” Mr. ed distribution,” says Scott Tuhy, an as a multibillion-dollar business. It currently expanding the brand’s ap- rope and the Middle East, as well as McComb says.
Giving, getting

Continued from Page 2 cused on math and science educa- tion. A Real Plan for  Shelby White, who with her late husband funded the Metropol- itan Museum of Art, the New York Expanding Operations. Botanical Garden and Rockefeller University, among others.  Mr.Bloomberg,who is famous for favoring local arts institutions of all sizes, public health organizations and his alma mater, Johns Hopkins University.  Mr. Diller and Ms. Von Furstenberg,who made headlines in recent years with their $10 million gift to the High Line elevated park in Chelsea. Of course, New York nonprofits stand to benefit from the generosity of billionaire out- of-towners, as well. David Rubenstein, managing director 40BILLIONAIRES of the Washington, who as of last week had D.C.-based Car- pledged at lyle Group, donates least half their generously to non- riches to charity Anne D. Shybunko-Moore profits in Manhat- President, GSE Dynamics, Inc. tan. He recently gave $10 million to Lincoln Center for the Performing and State Bank Client Arts for its $1.2 billion redevelop- ment project, and he is on the board of numerous groups, including the Memorial Sloan-Kettering Cancer Center and the Council on Foreign Relations. Don’t count on all of it yet although headline-grabbing giv- ing pledges are inspiring, they are Put Your Business in a Be er State. not legally binding, and donors Every day provides new possibilities to prove dreams can be realized. could change their minds. Experts warn that the gifts could be decades State Bank supports this visionary spirit with real people and real solutions away or never come at all. There is also concern that if everyone just that free your business to pursue opportunity – to imagine, to plan and gives to their favorites, the glitzier, richer institutions will win out and expand. You’ll * nd proven expertise, genuine  exibility and a relationship the needier causes won’t get a dime. focus that inspires trust. More than bankers, we’re business people, “The most important thing is to make sure there isn’t too much du- listening, learning and responding to your needs, so you can take on plication, so that MoMA, for in- stance, doesn’t end up becoming tomorrow. is is the power that comes from pu ing your business in a 516.465.2300 the richest institution in the be er state. Opportunity is calling. Let’s get to work
www.statebanko i.com world,” says Toni Goodale, a fundraising consultant. “I am sure these institutions are jumping up and down now, but to really be ef- fective, the effort needs to be coor- dinated.”

24 | Crain’s New York Business | August 9, 2010 20100809-NEWS--0025-NAT-CCI-CN_-- 8/6/2010 1:42 PM Page 1

74% of laid-off Northeast execs land same- or higher-level jobs BUSINESS LIVES Source: Right Management HOT JOBS EXECUTIVE CURVE BALL: INBOX Lefty reliever Hamilton Bennett has a 3.80 earned Anne Fisher CHIEF FINANCIAL run average. AND ADMINISTRATIVE OFFICER Shop locally, ORGANIZATION Groundwork Inc. help save JOB DESCRIPTION Leading the organization’s strategic planning, a business supporting fiscal operations HOW MUCH would it help MOST IMPORTANT TASKS Facili- independent small businesses if tating annual budget; directing each person who lived or worked financial plans; supervising grants nearby came in and spent a few management dollars every month? According CREDENTIALS NEEDED Seven- to a nationwide campaign called plus years’ experience in senior the 3/50 Project, if half of financial management; previous employed Americans spent $50 nonprofit experience per month total at three locally owned shops or restaurants, SALARY CFAO earned $102,262, small businesses’ annual sales plus benefits, in 2007 would rise by $42.6 billion. RECRUITER Internal A big chunk of those funds DOWNSIDE Fundraising continues stay in the community as added to be difficult, forcing nonprofits to tax revenues, local hiring and stretch their budgets reinvestment. The Minneapolis- based 3/50 Project is one of UPSIDE Working for a winner of about 100 similar campaigns. The New York Times’ Nonprofit Independent retailers in cities Excellence Award in 2009 with strong buy-local efforts have Based in Brooklyn, Groundwork seen revenues drop 2.6%, versus empowers youths in struggling 5.6% in other cities, says a 2009 communities through classes and study from the nonprofit Institute other programs for Local Self-Reliance. —EMILY LAERMER Cinda Baxter, the 3/50 Project’s founder, put in 14 years as a stationery store owner and now heads a retail consulting firm, EXECUTIVE MOVES Always Upward. “I know how frightening it can be to wonder if Meredith Corp.: Tom buck ennis you can make payroll,” she says. Harty, 47, was The idea is catching on in promoted to president GOTHAM GIGS Brooklyn. Ms. Baxter will give a of the national media presentation at St. Francis College group. He most on Remsen Street on Aug. 18 to recently served as president of consumer highlight ways that merchants and magazines. restaurateurs can encourage American Business Media: Clark Pettit, Plan B, for Baseball people to think local before 45, was appointed president and chief logging on to, say, Amazon.com. executive of the association of business- Says Irene LoRe, who owns to-business media outlets. He was ‘I love for a lot of guys, professional baseball player would be their Aunt Suzie’s Restaurant on Fifth previously president of Pettit Media dream job. So, what’s a player’s backup? “If I wasn’t doing this, I’d be Avenue in Park Slope, “I don’t Group. Citi Private Bank: Mary Agnes Pan, 58, math, and a math teacher,” says Hamilton Bennett, a left-handed pitcher for think most people realize how joined as managing director and ultra- the Brooklyn Cyclones, the Class A Mets minor league team. “I love fragile small businesses are.” high-net-worth private banker. She was I know a As executive director of the most recently at HSBC, where she math, and I know a lot of people struggle with it.” ¶ Until June, Mr. Park Slope Fifth Avenue Business served as a managing director and senior lot of Bennett was a junior at Tennessee Wesleyan College, studying for Improvement District—which is co- private banker. an education degree and playing ball.The school isn’t even in the sponsoring the Aug. 18 gathering, Next Jump Inc.: Matthew Biben, 43, joined the e-commerce and advertising people NCAA, so when he was drafted in the 29th round, he was shocked. along with the Brooklyn Chamber technology company as senior vice “I still can’t believe I’m here,” he says. “This was Plan B.” ¶ The plan of Commerce—Ms. LoRe hopes president, general counsel and chief struggle the evening will inspire administrative officer. He had been seems to be working: The Cyclones lead the league in wins, and Mr. entrepreneurs. “We need to executive vice president and deputy with it’ Bennett has a 3.80 earned run average. Raised in Tega Cay, S.C., educate consumers: If there’s a general counsel at the Bank of New local place you like, become a York Mellon. population 4,000, the 22-year-old says that during high school, his EngenderHealth: father, a chemist, would scour the Internet for training techniques to loyal customer,” she says. Pamela W. Barnes, 60, improve his son’s game. ¶ His biggest challenge in New York, he For more information, go to was named president the Brooklyn Chamber’s website, and chief executive at says, is being away from his wife and parents. “God willing, I’ll keep www.ibrooklyn.com. the reproductive playing,” Mr. Bennett says. “But once this is over, time to finish my health organization, HOW DO YOU ENCOURAGE local cus- which works in degree and get a real job.” tomers to keep coming back? Tell us at See EXECUTIVE MOVES on Page 26 —hilary potkewitz www.crainsnewyork.com/execinbox.

August 9, 2010 | Crain’s New York Business | 25 20100809-NEWS--0026-NAT-CCI-CN_-- 8/6/2010 1:45 PM Page 1

RÉSUMÉ REVIEW Still doing something Is your job search all it could be? We ask the experts. Dress for Success barter and swaps.There’s another on Success? NAME SARA OBLAK SPEICHER making the most of external peo- Not really. I did what I think SUMMARY founder helping ple—the guy who delivers your mail founders ought to do: Build some- is a brand ambassador. You’re his thing, and then move on. There are Entrepreneur with international expertise teens, for-profits workplace, and he comes to your czars and leaders, and czars build seeks marketing position workplace every day and goes home things and only leave when their PROFESSIONAL EXPERIENCE and tells his wife, “The people in heads are cut off. Leaders build  Sara Oblak Speicher Business Consulting, June 2010- BY ADRIANNE PASQUARELLI that office are really miserable,” or, things that are sustainable, and they “The people there are really happy.” move on.Dress for Success is now in present ancy lublin—who 100 cities and eight countries. Founder and CEO: Consult with clients on niche markets and founded Dress for Suc- How have sales been so far? international growth opportunities  cess almost 15 years Sales have been good.People assume You now run DoSomething.org. Seriatim Inc., March 2010-present ago—has her finger in that because I come from a not-for- What’s that? Project manager: Manage and execute project work plans Nmany pies. She recently published profit and I’m a woman, it’s going to It’s the largest organization in the  Slovenia 4 You, Sept. 2009- June 2010 Zilch: The Power of Zero in Business, be a mushy book,but it’s actually very United States for teens and social Operations officer: Coordinated marketing communications with giving the business world advice on sassy and very practical. change.I’m CEO and chief old per- international clientele how to save a dime. When she’s not son. The whole thing is to get kids  Long Island University Assistant Provost Office, Sept. 2008- Dec. 2009 writing, teaching, or looking after Are you still involved with Dress for to take action offline,so we use com- Graduate assistant: Reviewed and revised expenditure reports for her two children, she’s “chief old munication technologies, televi- various capital projects initiatives person” at sion, the Web and pop culture to EDUCATION DoSome- take action. Every month we have a  thing.org. different cause—something that Long Island University, M.B.A., Marketing MOVERS & kids can do that doesn’t require Résumé appears in condensed form. SHAKERS What’s the money, an adult or a car. We’re al- EXPERT ADVICE premise of most 100% corporate-funded. Zilch? Sara should pump up her job descriptions at past and present employers by adding specifics about the company’s activities, client base and her own personal Nancy It’s all the How many teens are involved? accomplishments. She needs to present her capabilities and potential contributions things that 1.2 million kids this year, and we’re Lublin not-for-prof- on track for 2 million next year. to the hiring company. Her job search should include environments that will its can teach appreciate her multicultural background, and she should push this point in her cover for-profits What else are you involved with? letter. Sara needs to expand on the type of market research she has conducted, the about running a business. In these I write a column for Fast Company. data she has gathered and how they have been used. In short, Sara should economic times, everyone needs to I teach at New York University in demonstrate her abilities to “market herself.” learn how to do more with less. the fall and at Yale in the spring,and —jason banks, executive vice president, Lloyd Staffing I’ve got two kids. Can you provide some examples? To contact this candidate or to be featured in “Résumé Review,” e-mail us There’s a whole chapter on how to Any other ventures coming up for you? at [email protected]. build a brand without spending on a That’s enough. Why, do you have
Super Bowl ad.There’s a chapter on neff david something for me?

EXECUTIVE MOVES director for the New York region. director of the Selective Mutism joined the fund administration company ad tag management system as vice OpenGeo: Kenneth Program and director of the Parent- as chief executive. He was previously president of sales, a newly created Bossung, 49, was Child Interaction Therapy/Teacher- president of the institutional products position. He was formerly at Continued from Page 25 named senior vice Child Interaction Training Academy. group at Fidelity Investments. WebTrends, where he served as a developing countries. She was most president of sales at He was previously the clinical director ExlService Holdings Inc.: strategic account executive. recently president and chief executive of the geospatial of the Institute for Attention- Bill Bloom, 46, was Wendy L. Zenchyshyn, 48, was named the Elizabeth Glaser Pediatric AIDS technology enterprise. Deficit/Hyperactivity and Behavior named executive vice vice president of business development, Foundation. He was a partner and Disorders at NYU’s Child Study Center. president of global a newly created position. She was Lankler & Carragher: Daniel Horwitz, 50, founder of Ionic Erwin Pearl Retail Inc.: Arthur T. Minson, client services, a newly formerly at Enquisite Search Analytics, joined the law firm as a partner. He was Enterprise. 64, was promoted to president from created position at the where she served as director of strategic previously a partner at Dickstein Shapiro. Fried Frank Harris Shriver & Jacobson: executive vice president of the fashion outsourcing and partnerships. Digitas North America: Robert McLaughlin, 52, joined the law jewelry retailer. transformation services MKDA: Christopher M. Hanson, 38, was Lincoln Bjorkman, 45, firm as a partner in the asset Magnetic: Mike Peralta, 42, was named provider. Previously, he named senior project manager and was promoted to chief management and financial services chief operating officer at the advertising served as executive vice president of director of the health care practice at the creative officer at the practices. He previously served as the and publishing data company. He was insurance operations and information interior design firm. He was formerly a integrated brand co-chair of the structured products formerly at Tumri, where he served as technology at Travelers. project leader at New York-Presbyterian agency. He will practice at Katten Muchin Rosenman. chief revenue officer. Cushman & Wakefield: Sandy Monaghan, Hospital. continue in his role as Child Mind Institute: Steven M.S. Kurtz, McDermott Will & Emery: William E. 47, was named managing director at the SapientNitro: Donald Chesnut, 43, was executive vice president 55, joined as chief of the Center for Stempel, 34, was named a partner in the commercial real estate services firm. He promoted to global experience design and executive creative ADHD and Disruptive Disorders, real estate group at the law firm. He had was previously vice president of asset lead from vice president of creative at been chief administrative officer and management at J.P. Morgan. the marketing and technology services general counsel at Swig Equities. Loeb & Loeb: Alan Cutler, 60, joined the company. CORPORATE LADDER Synaptris: Jeffrey law firm as chief operating officer. He VIVmag: Adrienne Lechleiter, 47, joined the was previously vice president at Cozen Wallace, 38, joined the information O’Connor Public Strategies. digital luxury lifestyle TECH EXPERT HEADS TO CONDÉ NAST management company Venda: Ron Brien, 37, was named vice women’s magazine as CONTINUING ITS EXECUTIVE SHUFFLE, glossy magazine publisher Condé Nast as chief operating president of alliances and marketing for vice president of brand has hired its first chief technology officer, Joe Simon, 48. He most recently officer. Previously, he the Americas. He was previously senior marketing. Previously, held the same position at cable television giant Viacom. Mr. Simon will lead served as vice president product marketing manager at Omniture. she served as the KPMG: all digital and technology operations at the publisher of Vogue, Glamour of global small and mid- James P.Liddy, 50, was promoted executive director and sized business software to vice chair of the audit practice from chief executive of Girls and GQ and focus on new digital products. At Viacom, Mr. Simon managed at IBM. national managing partner of the audit Inc. of Southwestern Connecticut. information technology systems for over 160 networks in the Edward Hasicka, 42, joined as vice practice at the accounting and advisory Razor & Tie Entertainment: Jeremy United States and internationally, led the development of president of sales for the Americas. He firm. Kramer, 30, was promoted to vice Internet and mobile applications for 418 websites and was formerly director of global Tom Duffy, 50, was promoted to president of marketing at the record oversaw the creation of new digital businesses. Mr. Simon midmarket sales at IBM. national managing partner of the company. He was formerly senior Mayer Hoffman McCann: also led worldwide technology operations for MTV Andrew audit practice. He had been partner in director of marketing and product Gragnani, 44, was promoted to East charge of the metro New York audit management. Networks, BET Networks and Paramount Pictures. Prior to region attest practice leader at the practice. —maia blume that, he held posts at Reader’s Digest and Booz Allen accounting firm. He will retain the title Petry Network: Harry Neuhaus, 49, joined Hamilton. Condé Nast is a division of Advance Publications, of shareholder. the advertising representation firm as EXECUTIVE PROMOTIONS which ranked third on Crain’s 2009 list of the Arent Fox: Paul M. Fakler, 43, joined the vice president, international. He was The fastest way to get an announcement into largest privately held companies. law firm as a partner. He had been a formerly director of East Coast sales and Crain’s is to submit details online. Fill out the form —maia blume partner at Moses & Singer. operations for LATV Networks. at www.crainsnewyork.com/submit. The Butterfield Fulcrum: Michael K. Clark, 53, TagMan: Aaron K. Gragg, 39, joined the Executive Moves column is also available online.

26 | Crain’s New York Business | August 9, 2010 20100809-NEWS--0027-NAT-CCI-CN_-- 8/6/2010 1:46 PM Page 1 chemex / INSATIABLE WORKSHOPS CRITIC WEDNESDAY, AUGUST 18 flickr.com Gael Greene THE Join the BROOKLYN CHAMBER OF COMMERCE AND PARK SLOPE FIFTH AVENUE BID for a workshop on WEEK building a business from the ground up from 7 p.m. to 9 p.m. at St. Francis A new world College, 180 Remsen St., Brooklyn. Free for members, $25 for nonmembers. Call AHEAD (718) 875-1000, ext. 114, for additional information. AUG. 16-22 newscom at spiffy Nuela WEDNESDAY, AUGUST 18 CAMBA SMALL BUSINESS SERVICES will WHAT HE’S NETWORKING RECEPTIONS hold a workshop on marketing like a pro Latino spot takes off TUESDAY, AUGUST 17 from 3 p.m. to 5 p.m. at 884 Flatbush READING The NYC BUSINESS NETWORKING GROUP Ave., second floor, Brooklyn. The event in Chelsea after liquor will host a networking reception from is free and preregistration is required. EDDIE IZZARD, whose turn in 6:30 p.m. to 8:30 p.m. at Pulse For further details, call (718) 282-2500 David Mamet’s Race ends Aug. license comes through Restaurant & Bar at The Sports or e-mail [email protected]. 21, is already focusing on his next Club/LA, 45 Rockefeller Plaza. The CULTURAL EVENTS gig. “I’m reading Treasure Island t’s not been easy being event is free with registration in advance for a possible role,” he says. Nuela. The fates have con- and $10 at the door. Call FRIDAY, AUGUST 20 EAST RIVER PARK Mr. Izzard, increasingly known spired against the ambitious (212) 864-5407 or e-mail Head to for a remake of [email protected] for further details. Goodbar, a show that explores sexuality as much for his acting skills as his project in the vast, sweeping and independence, by theater company comedic chops, is one of several space that used to be Sapa. WEDNESDAY, AUGUST 18 Waterwell and rock band Bambi. The

buck ennis actors up to play one-legged The build-out took forever. The fa- I WORTH A RETURN: The whole chicken Join DOMAINFEST for a networking event show, part of the City Parks antagonist Long John Silver in a mously quixotic star chef Douglas with online marketing experts and a live Foundation’s SummerStage, begins at 8 British TV adaptation of the Rodriguez announced he wasn’t domain name auction. The event runs p.m. and is free to attend. For more classic Robert Louis Stevenson joining the team after all—too many from 9 a.m. to 10:30 p.m. at the Grand information, visit www.summerstage.org. pirate tale. other deals marinating. Overnight, NUELA Hyatt New York, 109 E. 42nd St., 43 W. 24th St. Ballroom 1. Fees are $175 and SATURDAY, AUGUST 21 In addition to prepping for Rodriguez’s second, Adam Schop, (212) 929-1200 Pick found himself promoted to executive preregistration is required. For more Check out the premiere of the part, the cross-dressing Brit www.nuelany.com information, call (213) 408-0080, ext. ABRAHAM’S DAUGHTERS, a of the chef and partner—ordering fixtures, is no doubt busy deciding what 1409, or e-mail [email protected]. play about the role of faith week to wear to the Emmy Awards supervising workmen, hanging art and religion as three college and redoing the menu. WEDNESDAY, AUGUST 18 freshmen face a moral dilemma, part of later this month. Believe: The After so much shabby chic and CUISINE Latino STARTUPALPHA.COM will sponsor a the annual New York International Eddie Izzard Story, the Sarah downscaling in small-plates joints PRICE RANGE Entrées $25 to $32 networking reception for women in new Fringe Festival, which runs from August Townsend-directed documentary and pizza parlors, I’m quite taken media, finance, law, business and 13-29. The show begins at 4:45 p.m., that tracks the comedian’s rise with Nuela’s spiffy ambition—all SERVING Dinner seven days entrepreneurship from 6 p.m. to 8 p.m. and tickets cost $15 in advance and $18 to fame, is up for an award for red, black and white, with bottles of RESERVATIONS Recommended at The Whiskey Rebel, 129 Lexington at the door. Visit www.fringenyc.org for Outstanding Nonfiction Special. Ave. The event is free and tickets or more information about this Technicolor liquid on one wall, It’s the first program from new NOISE LEVEL Noisy when full preregistration is required. For more show and other Fringe Festival events. counters and communal tables—200 information, call (212) 644-3968. —maia blume cable network Epix to garner seats in all, padded with red tweed. I can’t wait to return. such an honor. I should confess I’ve been judging I will definitely go back. To view Crain’s full calendar listings, go to www.crainsnewyork.com/events —CARL GAINES Latino food for decades through the I’ll let them simmer awhile. fog of a margarita or two. Now cold NO HATS Never again. sober, I’m overwhelmed by a menu with more than a dozen categories all in Spanish—one just for roasted suckling pig. I recognize “Pescados” was he who brought Adam Schop and “Mariscos” on the separate “Ce- from Zinc Bistro in Scottsdale to be viche”menu—more than 15 choices, his executive chef at De La Costa in escolar, madai, toro, mussels, oysters. Chicago and nominated him to run I worry I won’t like vanilla in the cit- Nuela’s kitchen.Is Schop channeling rus-cooked scallops,but the perfume his mentor now? “I went through a is discreet enough against the tart- lot of brain damage when everything and-sweet of grilled pineapple, and changed,”he says.“I was new to New three flower-like roulades of ha- York and didn’t know anyone here. machi in spicy sour orange with basil But I went into the kitchen and made and garlic are thrilling. everything my own. He is the inspi- Octopus and pork belly seem like ration, but this menu is mine.” strange bedfellows, but I find them Nuela has an air of abandonment deliciously compatible in crispy small on the Monday I return. The back cubes, grilled on skewers. Smoked room is empty. A small party hud- brisket layered with plantain and dles at a half-full communal table. black beans is luscious on small An architecturally coiffed waiter rounds of cornmeal arepas with talks us into the surf clam ceviche frizzies of white cheese found under with heirloom tomatoes that seems “Bocadillos” (sandwiches). A vege- to be more about watermelon, but tarian version with smoked mush- we’re content with fluke in pre- rooms is wonderful, too, though the served lemon yogurt with black arepas could be less dry. I like pork olive and that luscious smoked bird. and shrimp with curry mustard in a The chef has recognized our delicate empanada called chifa better guest, also a chef, and insists on than the anonymous vegetable pica- sending out a dessert—it’s the same dillo with hardboiled egg in a crum- chocolate cake with remarkable Pe- bly pastry wrap. A roulade of salt cod ruvian coffee ice cream I tasted last with soy-stewed tomatoes, roasted time, thinking it could do without onions and potatoes with Chinese the tasteless milk foam. As I leave, I mustard is flavorsome, too. wonder if Nuela can survive. But I’d come back just for the But two days later, the liquor li- whole chicken, brined and smoked, cense came through. The house was then served with a medium-boiled ready with Latino twists on cocktails, egg and potato, swathed in creamy, and wine was delivered.Schop braced garlicky huancaína mayonnaise. for a full surge on the weekend. Of course, I was eager to be fed again by Douglas Rodriguez, the Pi- Copyright © 2010 by Gael Greene. casso of Latino fireworks at Patria. It Syndicated by www.insatiable-critic.com.

August 9, 2010 | Crain’s New York Business | 27 www.international-DHL.com

All services mmay not be available in all areas and are subject to DHL Termrms and Conditions as published at www.dhl-usa.ccoom © 2010 DHL Express (USA), Inc.c. All rigights reserved. PT 03334 CN013856 7/30/10 2:38 PM Page 1 Page PM 2:38 7/30/10 CN013856