Seeking Operator to Reopen Tavern

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INSIDE FIVE SMART TOP STORIES WAYS TO Meet the last big CREATE AAA-rated bank JOBS HERE in New York City ® BY DAVID JONES PAGE 2 PAGE 12 Circus master VOL. XXVII, NO. 39 WWW.CRAINSNEWYORK.COM SEPT. 26-OCT. 2, 2011 PRICE: $3.00 tames the debt beast PAGE 3 HARRY’S SECOND So, what can city do with its stalled After a titanic fall, project sites? Macklowe is back PAGE 2 COMING Rich NYC, poor and looking for a NYC. A story in little redemption numbers PAGE 3 BY THERESA AGOVINO

Noncompete claws: Harry Macklowe’s once-vast real estate empire Capital One sues already lay in tatters in the spring of 2010. That’s when he suffered another major blow. banker John Kanas His son William announced he was leaving, IN THE MARKETS, PAGE 4 taking many of the family firm’s key staffers and its last two properties with him to start his own outfit. Now, improbably, Harry’s back. He’s in the midst of one of the most difficult acts in his 50- year career—trying to pull off what would be his second comeback. Since January, the 74- year-old developer has hired four senior executives, bought two Upper East Side apartment buildings he plans to convert to condos, and purchased a loan that he hopes to use to gain ownership of a midtown development site. Meanwhile, he’s pushing ahead with plans to construct a mixed-use high-rise on Park Av- enue and East 56th Street, bringing on famed BUSINESS LIVES architect Rafael Viñoly to design the project on what is considered Manhattan’s most valuable GOTHAM GIGS See HARRY COMES BACK on Page 30

Archivist finds gold cocotos tom records at BAM P. 31 ● ANNE FISHER To-do lists are overrated P. 31 ● MOVERS & SHAKERS Seeking operator Psyched Kaufman Astoria’s chief looks forward to over color TV’s new season P. 32 ● to reopen Tavern GAEL GREENE 4 hats for Le Bernardin redo P. 34 Kindle Sources say RFP is coming as city lays plans for next course at the emptied eatery Mag execs look to INDEX Amazon’s iPad rival buck ennis SMALL BUSINESS ______9 But the strange odyssey that led DUMPED TRUCKS: Central Park’s Tavern to spark sales, data NEIGHBORHOOD JOURNAL ______13 BY LISA FICKENSCHER to these developments is coming to on the Green awaits a new vision. REAL ESTATE DEALS PLUS ______14 an end. The city is preparing a re- Once the nation’s highest-grossing quest for proposals that will seek an BY MATTHEW FLAMM FOR THE RECORD ______24 restaurant, Tavern on the Green operator to run Tavern, most like- A first hint of the project came CLASSIFIEDS ______26 has been closed for nearly two ly by reopening it as a restaurant, last week:The food truck operators Nobody knows how big it will be, HOT JOBS ______31 years—during which time four according to people familiar with were informed by Parks officials what it will look like or how much EXECUTIVE MOVES ______31 food trucks moved onto its storied the plan. The Parks Department that their leases would not be re- it will cost. But the mere rumors THE WEEK AHEAD ______34 terrace, and a visitors center selling has been quietly laying the ground- newed when they expire on Oct. that Amazon.com will bring out a

THE WEEK ON THE WEB ______35 mugs, umbrellas and T-shirts re- work for the initiative over the past 15, because “a major capital proj- color tablet this fall have gotten placed its front entrance. month or so. See REOPENING on Page 30 magazine publishers more excited than they’ve been since—well, since Apple was preparing to WHY ACCOUNTING IS THE launch the iPad last year. Amazon has fanned the flames HOTTEST JOB MARKET IN TOWN by sending out invitations to a ELECTRONIC EDITION Plus: ranking the largest area accounting firms press conference in Manhattan this Wednesday,without citing the SPECIAL REPORT, PAGE 17 reason. NEWSPAPER See KINDLE on Page 30 20110926-NEWS--0002,0003-NAT-CCI-CN_-- 9/23/2011 7:50 PM Page 1

OPPORTUNE MOMENT: TD Bank’s IN BRIEF New York regional president, Gregory Braca, sees this as “a LOCAL RESIDENTS LAST WEEK RATCHETED UP great time to grab THEIR OPPOSITION TO CHELSEA MARKET’S some serious market plans to add 250,000 square feet of office space share.” to the historic building on Ninth Avenue and construct a 12-story hotel nearby.They lodged objections to the scale of the addition and s questioned whether the planned expansion will create the 1,200 jobs that the project’s proponents claim. Meanwhile, the building’s owner, Jamestown Properties, submitted petitions with nearly 1,900 signatures from supporters of the expansion to City Council Speaker Christine Quinn, members of Community Board 4 and other local officials. The proposal requires a zoning variance from the City Council. Ms. Quinn has not taken a position yet on whether that variance should be granted. Her office said she would wait until the council receives a ULURP application from the property owner. Jamestown Properties plans to submit the application by the end of the year. A GROUP OF ORTHODOX JEWISH WOMEN IS SEEKING TO JOIN HATZALAH, A CITYWIDE volunteer ambulance service, to have female emergency medical technicians available to assist in cases where residents who call Hatzalah request a woman for an obstetric or gynecological emergency.The women, who live

in Orthodox Jewish communities in the buck ennis Borough Park and Williamsburg sections of Brooklyn, have hired a lawyer to represent them and make their case to local religious leaders. They would not routinely respond to other TD Bank scores in New York medical calls and would not be dispatched by 911 operators—except possibly during major disasters. Hatzalah, established in the 1970s, is a nearly equal to Bank of America’s. volunteer ambulance service. Orthodox Jews Its rivals distracted, Canadian player to double “They are sitting in a very favorable po- often use the service instead of calling 911. Ⅲ sition in the U.S.,”said Peter Routledge,an down in the five boroughs with 130 branches analyst at National Bank Financial. “They bigger rivals are distracted,and we’re going have ample capital and are making loans, BY AARON ELSTEIN to take advantage.” which a lot of their competitors don’t have BY THE NUMBERS TD is just about the only major bank and can’t do.”

Canada’s most visible exports to New York anywhere that can afford to think so bold- The looming flood of new TD branch-

Weekly shift of the city’s economy traditionally have been hockey players and ly, and it can thank Canada’s strong econ- es here is only the most visible example of FOR THE RECORD not all the economic news Labatt Blue.To that distinguished list,add omy and the absence of a housing bubble banks from the great white north setting was awful. The index of leading economic TD Bank. there.TD’s parent is one of only five finan- their sites on the big New York institu- indicators actually rose, as did sales of The Toronto-based institution, which cial institutions in the world still rated tions. Canadian Imperial Bank of Com- previously owned homes. emerged from the financial crisis virtually AAA by Moody’s, and it’s using that merce bought a 41% stake in JPMorgan unscathed, is planning a major expansion strength to snap up weakened competitors. Chase’s American Century Investments -7.1% 12% 6.4 spree here three years after entering the It recently acquired Chrysler’s financial for $848 million last month. And both CHANGE in AUGUST MILLIONS OF market. It plans to nearly double branches services arm for $6.3 billion and last year Royal Bank of Canada and Bank of Mon- Bloomberg/ JOBLESS RATE VIEWERS who in the five boroughs over the next few bought three failed Florida banks. treal in recent weeks have hired investment Crain’s NY stock in the Bronx, watched the years, to 130, and increase its ranks of Indeed, TD has quietly assembled a professionals from places like Bank of index last week down from Charlie Sheen 12.2% in July roast, a roast small-business bankers. 1,300-branch network that stretches the America Merrill Lynch to boost their Wall Source: NYS Dept. record “We see this as a great time to grab some entire length of the Eastern seaboard, and Street presence. of Labor Source: Nielsen serious market share,” said TD’s New York it now has more branches in the U.S. than For TD, the idea is to build on the suc- regional president, Gregory Braca. “Our in its native land. TD’s market value is See CANADA TRY on Page 29 CHAIN REACTION As retail sales go, so go the city’s sales tax collections, which lately have been rising at a slower pace. Beautifying stalled construction s

marketing firm. “So it took four times the “Because of the economy,many sites are City permit requests amount of time than it could have.” years away from seeing wholesale change,” confound bureaucrats; With at least 650 sites stalled citywide, Mr.Stringer said.“In the meantime,we can opportunities abound to turn an eyesore create economic activity, spur alternative advocates want new into something eye-pop- developments and make ADDICTED TO NUMBERS? rules for short-term uses ping, if only for a month or the sites more aesthetically GET A DAILY DOSE AT @STATSANDTHECITY two.But in a city of go-get- Vacant lots pleasing. But we need a ters, the success of Ms. streamlined permit process CORRECTION BY JEREMY SMERD Resler’s Timeshare Back- have become and city cooperation.” Visit Loudoun is the association that promotes Loudoun County, yard was rare. Various city and state Va. The name of the county was misspelled in a Sept. 19 “New Jessica Resler’s idea was simple:turn a stalled The reason is simple. backyards and agencies and community York, New York” item. construction site into a temporary suburban Starting a business in the groups have beautified vol. xxvii, no. 39, september 26, 2011—Crain’s New York Business backyard.The execution, not so much. city is hard; permits alone beer gardens sidewalk scaffolding, (issn 8756-789x) is published weekly, except for double issues the weeks of July Fourth, Labor Day and Christmas, by Crain Commu- First she needed a developer willing to can take months. Small, painted flowers on con- nications Inc., 711 Third Ave., New York, NY 10017. Periodicals postage let its idle ground be transformed into a temporary projects are usu- crete barriers and spon- paid at New York, N.Y., and additional mailing offices. Postmaster: freshly sodded patch of Manhattan that ally not worth the hassle. sored public art along Sec- Send address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for sub- could be rented for $50 an hour.Then there Meanwhile, precious ond Avenue. But there is scriber service: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a was the city’s byzantine permitting process. land where developments no easy way for developers copy, $99.95 one year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2011 by Crain Communications Inc. “This isn’t our core business, to work have been stopped by the recession lies fal- and entrepreneurs with time-sensitive ideas All rights reserved. with the city like that,” said Ms. Ressler, a low.It doesn’t have to be that way,said Man- to connect with each other and the city to founder of The Participation Agency, a hattan Borough President Scott Stringer. execute their visions. The Department of

2 | Crain’s New York Business | September 26, 2011 n buck ennis 20110926-NEWS--0002,0003-NAT-CCI-CN_-- 9/23/20117:50PMPage2 sites facestangleofredtape staying solvent act: Death-defying land they hadpromisedland they torelinquish. gardenerssquatted oncity community ashappenedwhen won’t refuse toleave, whobeautifytheirsites ers thatartists own- Thatmightreassure property ceed. ored whentheirprojects are ready topro- andapprovalstheir permits behon- will that developers of sitesbyguaranteeing uses Francisco temporary thatencourages citesproposedthe report legislationinSan with inputfrom thereal estateindustry, Written purposes. sites foralternative trepreneurs construction toleasestalled tomakeiteasierforen- Quinn Christine CouncilSpeaker Bloomberg andCity askMayor will Michael Stringer Mr. aspokesmansaid. since 2009, conducting more than12,000inspections Buildings focusesonkeepingsitessafe, back inthering Apple Circusget helps belovedBig New execdirector the opportunity to run thecircus came torun the opportunity at of development Berger tookonthesleepierjobofdirector Mr. that, After days. forseven the plaza stunt tosubmergehimselfinafishbowl on suchasmagicianDavidBlaine’s events, centerwithspectacular forming arts totheper- newcomers mission toattract madeithis hallsatLincolnCenter,he cert Asthelongtimedirector ofcon- needed. hardtorebuild.”we worked really toleadtheailinginstitution.“But in April washired GavinBerger,who rection,”said solid footing. on back put thenonprofit organization fundinghas and aninfluxofemergency board are-energized leadership, of new acombination as itentersits34thseason, Now, togoingunder. the circus wasclose andgrowing debt, donations, dwindling sales, hithardbyadrop inticket ago, Justsixmonths place behindthecurtain. actshavebeentaking the death-defying whoisretiring. ofthecircus, star clown thebeloved Lubin, Barry Grandma—aka The show alsobethelasthurrahfor will pig. potbellied cupine anda Vietnamese crested por- anAfrican fourdogs, horses, three Arabian number, splashy aerial a feature 25performers, will extravaganza The$3million Park atLincolnCenter. show,veil itsnew BigAppleCircus un- will On Oct.20,the BY MIRIAMKREININSOUCCAR r Stringer’s identifies 38sites report Mr. heplanstopublishSept.26, In areport r Bergerwasjusttheactcircus Mr. di- “We crashedandburnedinevery there bewondersonstage, will While See DEATH-DEFYING onPage29 See DEATH-DEFYING Dream Big Consumer Reports ,in Damrosch ,in until , vation withminimalinvestment.” foracti- andcouldberepurposed cavated in Manhattan “that areandnot ex- vacant “Found money” razed atenementthere inhopesofreplac-razed had Misrahi Sion Developer St. Ludlow lotthatis145 spotting the dirt randomly through eight real estatebrokers before TheParticipation went Agency ance. require andpersever- abitofluck yard, donors. $200,000 from private with thehelpofsponsorslike AOL and beer garden andskatingrink space, an art Companies andAbingtonProperties into alotownedtransformed by The Related forexample, Friends oftheHighLine, ing fromorganizations. well-financed andback- have hadinstitutionalsupport Smaller projects,like Back- Timeshare projects,like Smaller most Of thehandfulofreused sites, you say yes, you stick your neck out.” your you neck stick you sayyes, minute “The hesaid. all thedepartments,” wouldactmore swiftly.ed thecity Buthedoubt- violations. some toresolve encourage Itmighteven sites. stalled could rent ifthey their pink” “tickled permit. helped issuea30-dayoccupancy contactwho with aBuildingsDepartment intouch heputtheagency Eventually, hesaid. itwasfoundmoney,” because andbarbecues. the spaceforparties profit madeasmall renting Agency,which $12,000 inrent from The Participation hewashappytoget ended lastmonth, though and started Backyard Timeshare Even $88,000ayearintaxes. Misrahi Mr. it’s costing Meanwhile, project isonhold. butthe apartments, ing itwithluxury “Everyone isafraidofhisown shadow in “Everyone wouldbe saiddevelopers Misrahi Mr. Icoulddotohelpthem didwhatever “I Apple Circus. funding, savedBig and support board plus leadership, Gavin Berger’s ESPRIT DECORPS: Ⅲ

buck ennis FOR RICHER,POORER 64 THE TOP 5 NEW YORK 5NEW TOP THE BILLIONAIRES WAY LINE—AND THE BELOW IT ABOVE 19,000 1.6 HOUSEHOLD FINANCIALS ($32,568). lowest Bronxhadthe boroughs,whilethe five the median familyincome($70,560)of highest had the Island Staten CensusBureaureported. from 2009,the $53,593 1,784,712 424,589 $264 the height of the financial bubble. financial heightofthe the 15.6% That’sdown data. income-tax from2007,state available latest basedonthe estimate Policy Institute count. household BigApple’sofficial said. That’s5.9%ofthe wondering whether I’mgoingtobeevicted.” wondering whether “Igotosleep day: said shelooksforajobevery by on$176 She aweekinunemployment benefits. toget yearandnowstruggles maintenance workerlast Tyler,mom Tiffany hercityjobasaparks wholost $22,314 orlessforafamilyoffour. They includesingle who arelivinginpoverty. 20.1%shareofNewYorkers the more, infact,than reported that more New Yorkers New more that reported were Bureau Census U.S. the week, Talk Last lows. and highs your about Mind the(income)gap 400 richest people in America. America. in people 400 richest lookatthe itslatestannual released and millionaires, tax rateforU.S. minimum higher a proposed Obama Barack President level, poverty the below living NEW YORKERS 2011. MILLION NEWYORKERS poverty last year, last asanincomeof defined poverty September September (up $1.5 billion) MICHAEL BLOOMBERG (up $7.8 billion) GEORGE SOROS (up $3.5billionfromSeptember2010) DAVID KOCH (up $2billion) CARL ICAHN (up $3.1billion) JOHN PAULSON BILLION those NewYorkers,magazineestimates. those the HOUSEHOLDS IN NYC HOUSEHOLDS INNYC or morein2008,accordingtoaFiscal CITY HOUSEHOLDS CITY or more last year,or morelast CensusBureau the in the city last year, citylast in the downafull6% WAS THEMEDIANFAMILY CITY HOUSEHOLDS CITY $100,000 ormore.That’s24.8%— 26, 2011 2011 26, is the cumulative net worth of cumulativenetworth is the made the Forbes 400 list for Forbes400list made the , worth , worth , worth , worth — ML ARE N AILMASSEY DANIEL AND LAERMER EMILY Forbes Forbes , worth , worth , worth , worth | —one in five—were livingin —one infive—were Crain’s New York Business $13 billion $25 billion $15.5 billion $22 billion , worth , worth magazine made $1million made $200,000 made $19.5 billion INCOME | 3 photos: getty images, bloomberg news 20110926-NEWS--0004-NAT-CCI-CN_-- 9/23/2011 7:26 PM Page 1

IN THE MARKETS by Aaron Elstein

Let the noncompetition begin hat’s in John W Kanas’ wallet? Five years ago, the former CEO of North Fork Bancorp sold the bank to Capital One Financial for $13.2 billion and pocketed more than $200 million. He also assured management at the Virginia-based credit card company that he wouldn’t compete against them in New York until 2012.The promise was particularly important to Capital One because Mr. Kanas is one of the city’s best-connected commercial bankers. So Capital One was most JOHN KANAS displeased when it learned in bloomberg news June that Mr. Kanas had agreed to buy a small Manhattan- based bank called Herald National. It also was miffed when he reportedly bid for Bank of Ireland’s New York commercial banking portfolio. It really fumed when it saw he had posted job listings on Monster.com seeking senior banking staff in New York. But when Mr. Kanas allegedly secured a lease at 960 Sixth Ave. for his new bank—fewer than 600 feet from a Capital One branch—that was too much. It sued Mr. Kanas for violating his noncompete agreement.

Mr. Kanas and a top deputy he’s “done nothing more than pre- The Private Bank “have chosen to dishonor their pare to compete” when the agree- promise by doing the very thing they ment expires next August. After the pledged not to do,” Capital One Herald acquisition closes, he added, growled in its suit filed in a Virginia he’ll have nothing to do with “as- federal court.The bank wants an in- pects” that compete with Capital junction—and Mr. Kanas to return One. (Capital One calls that ar- $24 million worth of stock he was rangement “little more than a granted as part of his noncompete sham.”) He also denied bidding for deal. the Bank of Ireland assets or leasing With you when “We fully support legitimate space for retail branches. competition in the banking indus- The case now seems to hinge on try, but we expect noncompete whether a judge thinks someone agreements negotiated in good faith preparing to compete against a for- to be honored in full,”a Capital One mer employer must plot in secret. spokesman said. By the time a ruling is handed In an answer filed last month, down, it seems likely that Mr. Mr. Kanas countered that the suit’s Kanas’ noncompete pact will have allegations are nonsense, insisting expired. At Wells Fargo Private Bank, we understand that your dedication to your family and community is as important as your commitment to your business. That’s why we offer a dedicated team of Happy Monday! ing third-quarter revenues to the local professionals who take the time to understand your unique needs so you can focus your year-earlier period: time and energy into what’s most important — when it’s most important. To learn more about Last week, a Barclays Capital analyst Stock sales: -46% -45% our wealth management solutions, visit wellsfargo.com/theprivatebank or call: warned that Goldman Sachs could Bond sales: swing to a third-quarter loss,its first Junk bond sales: -71% Jennifer Lee, Regional Managing Director unprofitable stretch since the bad M&A advisory revenues: -2% (212) 350-3800 old days of late 2008. The analyst’s Needless to say, crushed revenues reasoning was simple: Business on will very likely result in crushed Wall Street stinks. bonuses later this year for many Wealth Planning • Banking • Trust Just how bad is it really? Here are crushed professionals up and down Investments • Insurance • Family Wealth some telling figures from the folks at Wall Street. The rest are likely to Dealogic, all global and all compar- lose their jobs. Ⅲ Investment and insurance products: NOT FDIC-Insured NO Bank Guarantee MAY Lose Value Wells Fargo Private Bank provides financial services and products through Wells Fargo Bank, N.A., and its affiliates. Deposit and loan products offered through Wells Fargo Bank, N.A. Member FDIC. Insurance products are available through Insurance subsidiaries of Wells Fargo & Company and underwritten by non-affiliated Insurance Companies. Not available in all states. Wells Fargo & Company AGE OF SIGNATURE BANK’S NEWEST BOARD MEMBER, and its affiliates do not provide legal advice. Please consult your tax or legal advisors to determine how this information may apply to fashion designer Ivanka Trump. The daughter of The Donald your own situation. © 2011 Wells Fargo Bank, N.A. All rights reserved. 29 will serve on the Manhattan-based bank’s risk and compensation committees.

4 | Crain’s New York Business | September 26, 2011 WE MADE SURE THIS DIDN’T. THIS WE MADE SURE A LOT OF THINGS CAN HAPPEN IN A MAJOR STORM. IN A MAJOR HAPPEN CAN THINGS OF A LOT COMMERCIAL AUTO COMMERCIAL WORKERS COMPENSATION WORKERS

LIABILITY PROPERTY PROPERTY on it. So while other companies were still assessing the storm’s impact, our claims experts wereon it. So while other companies assessing the storm’s still were preserve to trucks plus fuel, the ﬁsh. already arranging repairs and securing for refrigerated claims in a timely fashion, your or paying informed, you keeping responding quickly, it’s Whether our and after That’s business before adversity committed your strikes. protect helping you to we’re libertymutualgroup.com/property. or visit or agent broker contact your more information, For policy. When our customer’s frozen seafood warehouse was hit by a major storm, it sustained signiﬁcant it sustained a major storm, hit by was warehouse seafood frozen When our customer’s but the restaurants that depend Jeopardizing not only the inventory, roof damage and lost power. © 2010 Liberty Mutual Group. Project5:fp template.qxd 4/16/10 4:07 PM Page 1 Page PM 4:07 4/16/10 template.qxd Project5:fp 20110926-NEWS--0006-NAT-CCI-CN_-- 9/23/2011 4:48 PM Page 1

NEW YORK,NEW YORK edited by Valerie Block

out of the city. Mohawk Country Day School, a prestigious 80-year-old preschool and well-known summer day camp on 40 acres in White Plains, will start a program to bus kids in from Manhattan in 2012.The camp already gets a large number of kids from the city, and its directors said the new initiative for nursery through first grade came after requests from those families. Tuition with transportation will be about $20,000 for the full- day program—on the high end by Westchester standards but less than the $30,000 that some

newscom schools in the city charge. And instead of cramped rooftop Restaurateur in the running playgrounds, kids will have their own apple orchard and even an anny Meyer will run the marathon. Well, the food operational farm. service, that is.The restaurateur’s Union Square Enrollment will be on a first- D come, first-served basis, a breath Events has won a prestigious role as caterer to the of fresh air for parents who have ING New York City Marathon. ¶ The group will design experienced the rigorous menus—based on cuisines popular in the five boroughs— application and interview process in Manhattan. “We don’t want to for all the events surrounding the Nov. 6 race. ¶ “We are put parents under the kind of bringing the biggest brand in restaurants and marrying that pressure that they feel in the city,” to the New York Road Runners and the ING Marathon,” said Barbara Schainman, who has said Peter Ciaccia, NYRR’s senior vice president of event run the school and camp for more than 40 years with her husband. development. ¶ As they did in 2010, all of the food —miriam kreinin souccar festivities will take place on the grounds of Tavern on the Green, where NYRR is setting up the Blue Line Lounge. SUV roves Nearly 20,000 runners attend the “pasta dinner” on the eve of the race and another 5,000 people purchase $275 tickets the NY range to watch the event and dine at the lounge, which is near the New York is not exactly the finish line.There will be five serving stations that represent, outback, but the metro area just happens to be Range Rover’s for example, Little Italy and Chinatown, as well as Indian biggest market in the world! Who cuisine from Queens, said Mr. Ciaccia. ¶ A spokeswoman knew? for Mr. Meyer’s company, Union Square Hospitality Group, Anyway, the company is said the deal is “a great opportunity for us.” launching its first new model since 2005—before the gas crisis, —lisa fickenscher credit crisis, Great Recession and global warming prompted folks to than a third of what 101.9 had as a dump their gas guzzlers. All talk, rock station in June.Top news The Range Rover Evoque is the few listeners station 1010 WINS had a 5.5 manufacturer’s first “compact city share the same week. model,” according to a publicist, Radio bad boy Randy Michaels got a An executive close to Merlin and is being touted as the lot of attention in June when he said that the station is still a work smallest, lightest, most fuel- bought three Emmis in progress and that the company efficient Range Rover ever— Communications stations, will hold off on marketing until getting 18 miles per gallon in the including the “kinks are ironed out.” He city and 28 on the highway. It’s WRXP-FM in added that the station’s share of also the cheapest, starting at New York, and listeners among its target audience $43,995. launched of 25- to 54-year-olds tripled The vehicle is on view at Merlin Media. during the week of Aug. 25, Chelsea Market through mid- But all the compared with the prior week, October for those who’d like a hoopla and spiked fivefold the weekend peek. And though the Evoque is surrounding the onetime Clear of the storm. “People found the billed as a city car, it’s fully Channel Radio chief hasn’t station,” he said. equipped to go off-road—if one rubbed off on FM 101.9, which —matthew flamm can find a road to go off in the flipped from alt rock to an all-talk wilds of New York. format in mid-August. —valerie block For the week of Hurricane Preschoolers Irene, Aug. 25-31—the most leave the city recent for which ratings are available—the news and lifestyle Harried New York City parents station garnered a 0.8 share of have such a tough time getting listeners aged 12 and up, their tots into nursery school according to Arbitron.That’s less that some may start busing them

6 | Crain’s New York Business | September 26, 2011 CN014588 8/30/11 4:52 PM Page 1

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perception out there that somehow, New York City dodged the bullet during this recession.” REDISTRICTING The plot thickens THE INSIDER Particularly troubling, he said, is REPORTS SURFACED LAST WEEK that state Senate that median family income here fell Republicans might attempt to add a 63rd Senate district, by Jeremy Smerd and Shane Dixon Kavanaugh by about 6% in 2010 versus the under the terms of a constitutional rule from 1894. It was a year-earlier level, to $53,593. tactic they used a decade ago, creating a district in Bloomberg officials argued that Brooklyn specifically to favor the election of Martin poverty rates in the U.S. and the Golden, who won the seat and remains in office. city typically run in parallel. Liz Krueger But state Sen. Liz Krueger, D-Manhattan, speculates “It could be worse,” said Human that this time, the GOP might add as many as three Resources Administration districts: in Albany and the northern Hudson Valley, City fares better, Commissioner Robert Doar. “It is spanning Brooklyn and Staten Island, and on Long Island. worse in many large cities.” A spokesman for Senate Republicans would say only, Detroit’s poverty rate in 2010 “We remain committed to a process that is bipartisan, was 37.6%, up 1.2 points from until it doesn’t transparent and fair.” 2009. Philadelphia’s was 26.7%, 1.7 points higher, and Los Angeles Past redistricting has been bipartisan in that Dean Skelos Michael Bloomberg County’s was 17.5%, up 2.5 points. Republicans drew the Senate lines and Democrats did the ayor found himself walking Assembly maps. The minority in each chamber has never a fine line at a press conference last week as he had a say, which allowed the majorities to gerrymander at fielded questions about New York’s poverty Blame-the-banks will. But advocates are pushing for independent rate, which last year hit a high of 20.1% for the tax resurfaces redistricting, which Senate Majority Leader Dean Skelos third time in 30 years. and his GOP members have not committed to for 2012. President Barack Obama’s economic- If the Legislature doesn’t establish a redistricting The mayor said, as he often does, that the city has fared better growth and deficit-reduction plan process acceptable to Gov. Andrew Cuomo, responsibility M Andrew Cuomo during the recession than the rest of the nation. While the reprises the “financial crisis for drawing new maps would fall to the courts, which would country has shed 6% of its private-sector jobs responsibility fee” that he floated name a special master to do the job. That would alleviate worries about since 2008, New York has lost 0.3%, he said. unsuccessfully in 2010.The White gerrymandering, but there’s a downside as well. House admits that most banks have “If the courts get involved, the resulting lines are likely to ignore important Yet he was quick to point to the repaid their Troubled Asset Relief demographic and political considerations, and focus on raw numbers,” said recession as a central cause of the city’s 1.4 Program loans, but says that the Jerry Goldfeder, an election law expert at Stroock & Stroock & Lavan. “So, it percentage-point hike in the poverty rate costs of their “excessive risk-taking” is in everyone’s best interest for all stakeholders to remain involved.” are still being felt. between 2009 and 2010, compared with a Banks say the fee will increase 1-point increase for major cities overall. borrowing costs and slow the “There’s a little bit of cognitive recovery. Partnership for New York City. have replaced the legislative task dissonance in holding those two “I think it’s anti-New York The fee, to be charged to banks force that draws districts with an James and totally unfair, given that with assets of more than $50 essentially identical commission. perspectives,” said our institutions were billion, would generate $30 billion Parrott, chief forced to take over 10 years, rather than the $100 economist at the TARP money and billion that the previous version Figuring the odds Fiscal Policy paid it back with a would have yielded. on NYS casinos heavy profit for the Institute. “There’s taxpayer,” said Kathryn Assembly Speaker Sheldon Silver this misleading Wylde, president of the Panel’s empty chair (below) has given the nod to American Express CEO Kenneth supporting full-scale casinos in Chenault co-chairs the city’s new New York. But an attempt to pass a regional economic development constitutional amendment council, but is one of only two legalizing slot machines THE LEUKEMIA & LYMPHOMA SOCIETY members to miss the first three and table games could meetings. Queens Borough still be a political CONGRATULATES ITS NATIONAL President Helen Marshall has been crapshoot. MAN OF THE YEAR absent because a family member “With Shelly on has been ill, her spokesman said. board, people are Mr. Chenault had scheduling cautiously optimistic,” Making an impact in the fight against cancer conflicts, his company said. said an insider with close Most high-ranking officials ties to the gambling industry.“But have been to one meeting. Mr. we still have a long way to go.” Chenault has been represented by The Legislature would have to Stephen Lemson, an American pass an amendment in consecutive Express vice president for state and sessions.The public would then government affairs.The other co- have to approve it.The earliest that chair—Matthew Goldstein, president could happen is November 2013. of the City University of New Backers say casinos help the York—has perfect attendance. economy. But even with Mr. Silver’s insistence that no casino be built in “inner-city” neighborhoods, Hero’s welcome his minority members worry that State Sen. Martin Dilan complained their constituents would be hurt. during hearings last week that Ed “[Passage] is not a foregone Koch had labeled him an “enemy of conclusion,” said Brooklyn reform” even though he co- Assemblyman Karim Camara, who sponsored Sen. Michael Gianaris’ chairs the Legislature’s Black, Ian O’Malley, Q104.3 independent redistricting bill. Puerto Rican, Hispanic and Asian with niece and Honored Patient, Kate Davis “The one who has not kept his Caucus. He called gambling a Photograph by Jayne Wexler pledge is you, sir,” Mr. Dilan told regressive tax on the poor and said the former mayor. lawmakers must look to other Within hours, Mr. Koch sources, such as a millionaire’s tax. rebranded him a “hero.” State Sen. Eric Adams, whose When the two met months ago, district overlaps Mr. Camara’s, The Leukemia & Lymphoma Society congratulates this year’s winners and all of the candidates the Brooklyn senator refused to disagrees. “The name of the game is who competed for the title. Your efforts and commitment to finding cures for blood cancers sponsor the Gianaris bill and employment,” he said, “and the have brought help and hope to thousands of patients and their loved ones. instead pushed his own. Critics thousands of jobs that will be Ⅲ called it laughable, because it would created by building this industry.” photos: buck ennis, bloomberg news, newscom For more information or to get involved, please visit www.mwoy.org or call 888.HELP.LLS For daily political and government news, subscribe to CRAIN’S INSIDER @ www.crainsnewyork.com/insider

8 | Crain’s New York Business | September 26, 2011 20110926-NEWS--0009-NAT-CCI-CN_-- 9/22/2011 1:30 PM Page 1

SMALL BUSINESS

HOW-TO Even veteran entrepreneurs rely on smart mentoring

lene B. Isaacs. “There are always in- tial mentors and investors.Winning How to find pro dividuals on the board who have dis- DailyCandy’s “Start Small, Go Big” bono advisers and tinguished themselves.” contest last year earned Vi Hoang, If you’ve got a high-concept busi- women’s clothing designer and build lasting ness, consider entering one of the founder of online retailer Dolly ties with them many local contests in which entre- Pearl,guidance from apparel and ac- buck ennis preneurs pitch their ideas to poten- See HOW-TO on Page 16 CONFIDANT: Mentor Peter Klein of UBS has guided restaurateur Kenny Lao. BY ELAINE POFELDT

hen Kenny Lao found out in July that his Rickshaw Dumpling Bar had won the chanceW to open a kiosk in Times Square this fall, he realized that the tight time frame left no room for mistakes. “This was an unplanned opening,” Mr. Lao said. He turned to the two mentors he had been matched with in the CEO/ Small Business Advisory Program,a partnership of UBS Wealth Man- agement Americas and the Clinton Economic Opportunity Initiative. The owner got frank input on a number of critical matters from Pe- ter Furth, CEO of international trade consultancy FFF Associates, and Peter Klein, senior vice president of investments at UBS. Their regular conference calls have been vital in keeping Mr. Lao focused on two big-picture points: opening on time and managing cash flow. “They are not as emotionally invested,which is really nice,”said Mr. Lao,whose two stores and four food trucks have combined annual revenue of $3 million to $5 million. Confidential advice from trusted You expect to pay local suppliers without a hitch. experts has always been valuable to new entrepreneurs.In this economy, Why should it be any different internationally? even experienced ones often find that getting an outside perspective You’re local. And you’re global. helps prevent missteps. “Young entrepreneurs have not HSBC Business Direct™ enables you to manage your payments wherever you are, anywhere in seen times like this,” said Magnus the world, with: Greaves, who advises many of them as CEO of TheCashFlow, which > Easy 24/7 International Wire Transfers1 to foreign suppliers via Business Internet Banking creates online courses that assist en- > Convenient International account opening assistance to reduce FX risk trepreneurs in turning their ideas 2 into profitable firms. He also co- > Plus, no ﬁxed monthly maintenance fee founded 100 Urban Entrepreneurs, Everything you need to support your business worldwide. a group that supports the creation of minority-owned businesses. Start today. Pro bono consultation becomes crucial in such a hard-pressed econ- Visit: us.hsbc.com/businessdirectinternational omy, according to Mr. Greaves. Or call: 1.866.909.1243 “When capital is hard to come by, good mentorship can stretch that capital even further,” he said. Here are some tips for locating mentors and building strong rela- tionships with them. TIP ONE Expand your network. United States persons (including entities) are subject to U.S. taxation on their worldwide income and may be subject to tax and other ﬁling Don’t expect a mentor to find you. obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax adviser for more information. Accomplished professionals are like- Issued by HSBC Bank USA, N.A. Member FDIC. ly to be busy,so expect to put in some ©2011 HSBC Bank USA, N.A. effort to meet them. “A very good 1Standard wire transfer and EFT origination fees apply. way is through a church or syna- 2Other fees, including account activity fees, may apply. Please refer to the HSBC Business Direct Checking Account Terms & Charges Disclosure. gogue, or by doing charity or volun- ™HSBC Business Direct is a trademark of HSBC Bank plc, used under license by HSBC Bank USA, N.A. teer work,” said business coach Ar-

September 26, 2011 | Crain’s New York Business | 9 20110926-NEWS--0010-NAT-CCI-CN_-- 9/23/2011 12:13Reminder: PM Page 1 rag right text

VIEWPOINT Best resolution for the U.N.

editor in chief Rance Crain publisher, vp Jill R. Kaplan ew Yorkers walking, jogging or biking This summer, state lawmakers finally passed a bill setting EDITORIAL editor Xana Antunes north along the East River reach a an Oct. 10 deadline for the city and the state to agree on a managing editor Glenn Coleman locked gate when they get to East 38th framework for a deal. If one is not reached by that date, deputy managing editors Valerie Block, Erik Ipsen Street. Southbound, they hit a dead end another bill would be needed, which would likely not pass assistant managing editor Erik Engquist at East 60th Street. Wouldn’t it make until next year. By then, the United Nations committee senior producer, projects Kira Bindrim senior producer, news Elisabeth Butler Cordova sense for a place of Manhattan’s stature guiding the organization’s capital planning might go in a contributing editor N Elaine Pofeldt to have an esplanade there rather than a different direction—such as building on the U.N.’s own columnists Greg David, Michael Gross, mile-long gap, especially if it could be built at no cost to north lawn, without having to buy property or bother with Alair Townsend taxpayers? city and state approvals.There would be no esplanade or pulse editor Barbara Benson senior reporters Theresa Agovino, The City of New York owns potentially valuable buildings other public amenities. Aaron Elstein, Lisa Fickenscher, at the east end of midtown, but the major tenant, the United Fortunately, city and state decision-makers have not sided Matthew Flamm, Miriam Kreinin Souccar reporters Amanda Fung, Shane Dixon Kavanaugh, Nations, pays cheap rents and can extend its leases through with the few residents Daniel Massey, Adrianne Pasquarelli, 2023. Shouldn’t the cash-strapped city do all it can to escape The city would and roller-hockey Jeremy Smerd from those deals and sell the buildings? players who don’t want reporter/producer Emily Laermer art director Steven Krupinski The U.N. long ago ran out of room at its aging Secretariat get as much as a U.N. building on the deputy art director Carolyn McClain Building and has employees scattered across the city. blacktop.The local staff photographer Buck Ennis $400M for 1 and copy desk chief Wendy Zuckerman Wouldn’t it be preferable for the U.N. to consolidate them in elected officials—City copy editor Thaddeus Rutkowski a new building on an underutilized site, injecting hundreds 2 U.N. Plaza Councilman Daniel research editor Dana Gordon assistant research editor Suzanne Panara of millions of dollars into the struggling construction Garodnick, state Sen. research interns Callie Eidler, Helen Kwong industry and cementing its economically beneficial presence Liz Krueger, editorial intern Rebecca Olles in the city? Assemblyman Brian EDITORIAL AND ADVERTISING OFFICES It could all happen if the state lets the city sell the patch of Kavanagh and Rep. 711 Third Ave., New York, NY 10017-5806 editorial: 212.210.0277 Fax 212.210.0799 blacktop at East 42nd Street and First Avenue known as Carolyn Maloney—believe that the benefits of the land-sale advertising: 212.210.0711 Robert Moses Playground to the U.N., which would erect a plan outweigh the not-in-my-backyarders’ concerns about Cable craincom nyk new tower on the site, move its employees there and give up building shadows and blocked views. Fax 212.210.0499 Entire contents ©copyright 2011 Crain its sweetheart leases.The city would get about $65 million Still, time is running short, and wrapping up the deal is Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP for the playground and, eventually, up to $400 million for 1 proving to be difficult. It must be crafted to ensure that it Inc., used under license agreement.

and 2 U.N. Plaza, enough to build the esplanade and two generates the revenue needed for each phase of the project, TO SUBSCRIBE: replacement parks in the area. and that years from now, all parties do what their current For subscription information and delivery concerns, please e-mail [email protected] Yet negotiations on the plan have failed to come to representatives are promising today.There’s no guarantee or call 877.824.9379 (in the U.S. and Canada) or fruition for the better part of a decade.The state Legislature that the framework will be accepted by the U.N., so the city 313.446.0450 (all other locations.) $3.00 a copy, $99.95 one year, $179.95 two years. came close to an agreement in 2005, only to have U.N.- and the state must be careful not to ask for too much.They www.crainsnewyork.com

hating Republicans kill it. have two weeks. ADVERTISING AND MARKETING advertising director Trish Henry senior account managers Irene Bar-Am, Courtney McCombs, Sheryl Rose, Suzanne Wilson CRAIN’S ONLINE POLL COMMENTS sales manager, classified print & online John Gallagher sales coordinator print & online WHERE SHOULD Danielle Wiener newsletter product manager NEW YORK ALLOW We’re still a union town Alexis Sinclair credit Todd J. Masura 313.446.6097 FULL-FLEDGED CASINOS? assistant marketing manager VERIZON STRIKE SHOWS LABOR’S when they returned to the bargaining table. Sabra Harrison Date of poll: Sept. 20 STRENGTH, NOT WEAKNESS Interestingly, while Mr. David misguidedly director, audience development 286 votes Michael O’Connor Nowhere. Gambling is asserts that New York’s labor movement is a poor excuse for In response to Greg David’s column “Why faltering, he fails to note that in most “right to director of online and e-commerce economic development. NYC is no longer a union town” (Sept. 19): If work” states—where public-sector workers don’t strategy

Everywhere. Communications Workers of America had even enjoy the right to collectively bargain—the Kristi Serrano

It makes no web developer, interactive . remained on strike, Mr. David would no doubt fiscal problems are worse and the budget sense to carve have leveled accusations of an intransigent, deficits are greater than they are in New York. Chris O’Donnell

out particular . 33% 28% areas. out-of-touch union with the audacity to strike To what does Mr. David attribute their failings? NEW YORK PRODUCTION while our country endures a lengthy recession. It is a fact that the higher levels of wages, production and pre-press director A more reasonable, less ideological critique benefits and conditions of employment serve to Michael Corsi

Only upstate. advertising production manager The economy would have recognized that when CWA began “raise all boats” of workers, union or not. And a . Suzanne Fleischman Wies desperately . 18% 21% its strike on Aug. 6, it had pledged to return to highly unionized workforce lessens the income needs the help. work when management showed a willingness disparity between the haves and have-nots. PUBLISHED BY CRAIN COMMUNICATIONS INC. to bargain toward a fair settlement for both The labor movement in New York continues chairman Keith E. Crain Only at horse tracks. sides. CWA’s decision to end the strike showed to advocate for a stronger, more vibrant middle president Rance Crain They’re the most that progress had been made and that the union class, which benefits all New Yorkers and leads secretary Merrilee Crain appropriate venues. was true to its word. Mr. David works hard to to greater economic expansion.Thankfully, the treasurer Mary Kay Crain executive vp, operations William Morrow make the facts fit his predetermined conclusions. reports of labor’s death are greatly exaggerated. senior vp, group publisher Gloria Scoby Further, Mr. David simply ignores the —vincent alvarez group vp, technology, circulation, tremendous outpouring of solidarity displayed President manufacturing Robert C. Adams by CWA and the International Brotherhood of New York City Central Labor Council vice president/production & Electrical Workers, and unions in the public manufacturing David Kamis chief information officer Paul Dalpiaz sector, private sector and building trades.Thou- CRAIN’S WELCOMES SUBMISSIONS to its opinion . istockphoto sands of brothers and sisters from other unions pages. Send letters to [email protected]. founder G.D. Crain Jr (1885-1973) For this week’s questions: Go to showed up at picket lines and rallies and leafleted Send columns of 475 words or fewer to chairman Mrs. G.D. Crain Jr. (1911-1996) www.crainsnewyork.com/poll to have your say. at Verizon Wireless stores across New York. [email protected]. Please include the writer’s CWA and IBEW were in a position of strength name, company, address and telephone number.

10 | Crain’s New York Business | September 26, 2011 20110926-NEWS--0011-NAT-CCI-CN_-- 9/22/2011 8:23 PM Page 1

OPINION

May. Having wrapped itself around Time to deliver its own axle, the service is asking Congress to overturn that provision so it can lay off 120,000 workers and cut another 100,000 through attri- for the USPS tion. And so the partisan battles we have come to know and hate are playing out again with respect to the mail. USPS has more than 600,000 ac- here are things you take for granted in an advanced tive workers and nearly 500,000 re- country like ours: clean water, availability of pow- tirees. That is a mighty army, one er and reliable mail service. These things are part with muscle that Democrats are especially loath to antagonize. Tof our basic infrastructure,which is why it is so dis- It is also a well-paid army— concerting to learn that the U.S. Postal Service is earning a 34% premium compared about to run out of money. with private-sector workers doing similar work, according to one USPS has lost an astonishing $14 billion over the past four study.Its members also pay less than years. It is expected to lose another $9 billion this year, reach its other federal workers for their health care and basic life insurance. $15 billion borrowing By its own reckoning Added to the mix are concerns limit and be unable to and that of the Govern- from rural legislators that proposals make a legally required ment Accountability to close local offices would dispro- payment to a fund for Office, the USPS has portionately affect their con- retiree health care. too many workers and stituents, lobbying by mass mailers Everyone, including facilities. that get preferential rates, fears that its congressional over- One solution seems ending Saturday delivery would has- seers,could see this train obvious: Close some ten the switch to other carriers, and a coming for years. Its post offices and process- cumbersome appeals procedure that profitable first-class ing facilities and lay off allows the public to protest the clos- mail service has been workers. The postmas- ing of local post offices. undercut by alternative ALAIR ter general is studying The postal service is as much a commercial carriers and TOWNSEND the possibility of reduc- part of our basic infrastructure as the by e-mail and electronic ing retail facilities to provision of electricity and clean bill paying. For cus- 20,000 from 32,000 and water. That is why Congress has tomer convenience, USPS allows reducing processing facilities to 200 built a system of cross-subsidies that other retail outlets to sell stamps,and from nearly 500. The latter move facilitates universal mail service. the service itself sells stamps and alone would save about $3 billion an- Aggressive unions have worked the mailing supplies online.The volume nually. What’s the holdup? Why system to their advantage. Now, the of mail it handles has declined dra- don’t officials just get on with it? music is stopping. Congress must matically—from 213 billion pieces Unbelievably, there is a no-layoff summon the courage to act respon- in fiscal year 2006 to 170 billion and provision in the contract with postal sibly rather than being the organ falling by the end of fiscal 2010. workers, a provision affirmed last grinder’s monkey passing the hat.

na Margulies and Chris Noth? NY wins shoots This aspect of the business sometimes backfires for New York. Mad Men Executive Producer Matthew Weiner made his name as caterer to stars working on The Sopranos,which was shot at Silvercup Studios in Queens. But he never moved his family east from Los Angeles. So, say industry hen actor Steve Buscemi was asked recent- insiders, when he got the go-ahead ly by The Wall Street Journal why he agreed for Mad Men, the most quintessen- to star in the hit HBO show Boardwalk tially New York show on TV these days, he insisted that it be based in W Empire, he said that a big reason was that it L.A. so that he could sleep in his is shot in Brooklyn, where he lives. The own bed at night. same holds true for cast member Michael Kenneth Williams, Boardwalk Empire illustrates an- who actually walks to work from his home in Williamsburg. other important point about the local film and TV business: its resilience. Those two cast members of the show, whose second season Only 16 months ago, hysteria broke out when NBC announced premiered Sunday, il- ond to none. The facil- that it was canceling Law & Order, lustrate an often-over- ities—including Stein- the show that put New York on the looked key to the success er Studios,where Board- map for TV series. After all, Law & of the film and TV busi- walk is shot—can’t be Order employed 4,000 people and ness in New York: Ac- matched except by our pumped $79 million annually into tors, actresses, directors West Coast rival. A the city’s economy. The loss would and producers want to state tax credit makes be devastating, many people said. sleep in their own beds, shooting in New York No one needed to worry; Board- just like the rest of us. cost-competitive, even walk Empire was already under way. There are other rea- if many denounce it as The show hired 1,200 employees sons why the film and corporate welfare. and 2,000 extras for the first season TV production busi- GREG In the end, however, of 12 episodes. It was in production ness now accounts for DAVID whether or not a show for 200 days and gave work to near- 100,000 solid middle- can land the stars it ly 500 companies supplying every- class jobs here. Many wants often depends on thing from props to pastries. Crain’s shows are set in the city,and produc- whether it will be shot where they headline last fall about the advent of ers want authentic backdrops. The live.Why else would The Good Wife, Boardwalk Empire said it all: “Who technical talent pool here is general- which is all about Chicago, be needs L&O when you have a hit ly agreed to be second only to that in filmed in New York, except for the with a $65M budget?” Los Angeles;some claim that it’s sec- fact that the decision hooked Julian- Who, indeed?

September 26, 2011 | Crain’s New York Business | 11 20110926-NEWS--0012,0013-NAT-CCI-CN_-- 9/22/2011 8:12 PM Page 1

OPINION

ment benefits program, which would allow unemployment bene- Job creation must fits to be used as an incentive for em- ployers to train and hire the long- term unemployed. Unlike Georgia’s version, New York’s program would start here and now convert UI benefits into temporary wage subsidies for permanent hires. l Increase GED programs and BY DAVID R. JONES other efforts to connect high school dropouts to education, training and resident Barack Obama has challenged Congress decent jobs. More than 91,000 to combat the nation’s job crisis with a $447 billion young people ages 16 to 24 do not have a high school diploma and are package of tax cuts and spending designed to stim- no longer in school. Another ulate economic growth. Our city and state govern- 741,100 working-age adults lack a ments must act as well to create jobs that offer real high school education. Yet only paths to economic security.Equally important, we need to pre- 8,886 people took and passed the P GED in 2009, the most recent for pare the workforce to hold those jobs. which data are available, down from

According to a recent survey commissioned by the Commu- the 13,536 who passed in 2007. bloomberg news l Step up efforts to spend fed- nity Service Society, New Yorkers plus or minus 2.6 percentage points. eral funds from the Department of be generated by visionary public A recent analysis of the city’s overwhelmingly want to focus on Specifically, when we asked Housing and Urban Develop- works. labor trends by the Fiscal Policy In- job creation rather than austerity whether we need a mayor who sup- ment in order to maximize employ- l Press large city banks that were stitute found that unemployment measures. A full 47% of those sur- ports policies that make New York ment opportunities for low-income bailed out by taxpayers to ease lend- rates now exceed their recession lev- veyed said that creating more jobs City a good place to do business or a residents of public housing and ing restrictions on small businesses els for black males,individuals with- should be the top priority for the mayor who supports policies that Section 8 voucher-holders, as re- and startup entrepreneurs. out high school diplomas, and next mayor, compared with only 9% help working New Yorkers and their quired by law. We estimate that as Helping those who’ve been hit workers who are aged 55 and over. who said that the key task is to keep families get ahead,nearly 70% chose many as 60,000 such residents are hardest by the prolonged economic Such sobering news underscores the spending down. The survey, con- the latter. Just 18% favored policies unemployed. downturn—young people, especial- need to start thinking about new ducted by Lake Research Partners, to improve the business climate, l Take advantage of low interest ly the less-educated, and older policies, because the old ones aren’t used random digit dialing to con- while 13% wanted both. rates to build and repair schools, workers who have now been out of working. duct telephone interviews with Here’s what we need to do to cre- roads and parks. The High Line work for months or even years— 1,419 city residents in July. The ate jobs: stands as a dramatic example of how must be the focus of any job-cre- David R. Jones is president and CEO of the margin of error for the full sample is l Initiate our own re-employ- much economic development can ation offensive. Community Service Society of New York.

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12 | Crain’s New York Business | September 26, 2011 20110926-NEWS--0012,0013-NAT-CCI-CN_-- 9/22/2011 8:12 PM Page 2

NEIGHBORHOOD JOURNAL A flea-for-all in Williamsburg

ny’s 1.7 million-square-foot mixed- then moved downtown to the Long Island City, 4 markets hit B’klyn use condo development. Williamsburgh Savings Bank Tow- Queens,to check out waterfront this year, “We envisioned [Brooklyn Flea] er, which was being redeveloped the markets and East as an opportunity to get people en- into condos. Brooklyn Flea will re- River State Park.The creating buzz gaged with the waterfront,”said Jef- turn there at the end of November trip took 10 min- frey Levine,chairman of Douglaston for its winter run. utes, and she thinks and pulling in traffic ian thomas Development. “They’ve completely the $4 fare was a EAT MEET: Brand-new Smorgasburg has more than 60 vendors. activated the streets and created a A star is born good investment. BY IAN THOMAS real buzz about our development.” Brooklyn Flea and other markets “I could spend Brooklyn Flea has done it before. are continuing to build track records the entire day here,” she said. out on the ferry line and the L train. he Williamsburg water- It launched in Dumbo two years as attractions that lure visitors. In fact, the gorgeous views and “We’re helping to make a new front has seen a lot of ago,with the enthusiastic support of Ms. Urbanek rode down with a the offbeat shopping experience are multiuse corridor,” said Artists and changes in the past local landlord David Walentas; it friend on the East River Ferry from starting to draw people from farther Fleas’ Mr. Glimer. Ⅲ decade, shifting from postindustrial wasteland Tto condo-tower launchpad to home to an inordinate number of stalled construction sites.Now the Brooklyn neighborhood is witnessing an inva- sion of flea markets,and many land- lords and residents say they love it. So far this year,four markets have cropped up in the vicinity of Kent Avenue, which parallels the East River one block inland. Each was drawn by the heady mix of a growing community and cheap space. “This area is in limbo. All this stuff got built,so the neighborhood’s kind of cut off, as if there were a moat,”said Eric Demby,co-founder EXPECT THE INTERNET. of Brooklyn Flea. “We’re filling in developmental nooks.” Face it – you need Wi-Fi. You crave it, sniff it out in public parks and coffee shops, and get irritated His market, with more than 140 when it’s not around. We get that. Delta already has the most Wi-Fi equipped planes of any airline, stalls, operates on Sundays at a lot and now we’re extending this same service to our regional jets, so that on ﬂ ights over two hours, alongside the East River between North Sixth and North Seventh you’ll be able to stay connected to the precious, life-giving force that is the internet. streets. It is preceded there on Sat- urdays by a brand-new food market DELTA.COM that he and partner Jonathan Butler have cooked up: Smorgasburg, featuring more than 60 vendors selling everything from grilled cheese sand- wiches to gourmet mayonnaise. “This is just awesome,” said visi- tor Jen Urbanek, as she sampled the chicken biscuit and chorizo sandwich from the Country Boys stand on a recent Saturday afternoon. “Every- thing about it is well-put-together.” But wait; there’s more! Artists and Fleas is also winning high marks from patrons.Husband- and-wife founders Ronen Glimer and Amy Abrams decided to move their 8-year-old crafts emporium out of its cramped indoor location on North Sixth Street just off Bed- ford Avenue, one of Williamsburg’s main drags.They moved to a 5,000- square-foot space at 70 N. Seventh St., near Kent, in January. A fourth waterfront flea market, the brainchild of local real estate broker Alex Sussman, took root in a 4,100-square-foot building on Kent Avenue and North Sixth Street earlier this year. Northside Market featured more than 30 vendors and an art gallery.While it has closed for the season, Mr. Sussman plans to return with a fall/holiday market,which he thinks will be a perfect fit for the area. “The tourist traffic is really no- ticeable,” he said. Real estate developers are ex- ploiting this. In fact, Brooklyn Flea’s founders set up shop at the Wi-Fi available on CRJ-700/900 and ERJ-175 aircraft. river at the invitation of Queens- based Douglas Development,which owns the lot. The site is across the street from The Edge, the compa-

September 26, 2011 | Crain’s New York Business | 13 20110926-NEWS--0014,0015-NAT-CCI-CN_-- 9/22/2011 8:24 PM Page 1

REAL ESTATE Deals Plus Hudson Square grows creatively

udson Square is hot—commercially speaking. occupancy rate of 91%. That’s up Sigma Investments, leased an addi- from a low of 83% just three years tional 75,000 square feet at 100 Sixth In the latest sign of its attractiveness for media ago, says Jason Pizer, president of Ave. earlier this year. Despite the and other creative-sector outfits, Pearson Plc Trinity Real Estate, which owns the area’s proximity to Wall Street,finan- said last week it will triple its footprint there.The 6 million square feet of space in the cial firms remain a distinct minority. H Financial Times area’s 15 office buildings. Even retailing, long a tough sell London-based parent of the With so little space available, in the somewhat isolated area, is and Penguin Books, among other brands, is taking 270,000 Trinity has been able to raise rents picking up. Popular chain Pret A square feet of soon-to-be renovated space at 330 Hudson St. twice since 2008—by 10% each Manger will open a 3,800-square- That’s not the only thing the once-gritty center of the city’s time—to the mid-$40s per square foot location at 350 Hudson St. by foot. April. Gourmet grocer Hudson printing neighborhood has to celebrate.The area, which lies In another bit of good news, an- Square Market is also moving in. Future assured, just north of the entrance to the Holland Tunnel, boasts an other big local tenant,hedge fund Two —amanda fung two tenants renew Two major tenants have renewed their leases for a total of 81,000 square feet at once-troubled 114 W. 41st St. One of those two,Tzell Trav- el Group,has also expanded its footprint in the 22-story building, taking an additional floor via a new 10-year lease.That brings its total to 65,000 square feet. The asking rent for the new space was in the low $40s per square foot. Meanwhile, fashion designer Guess has renewed its lease for 16,000 square feet, also for 10 years. The leases of both tenants were due to expire in February. Both were considering a move, according to Cushman & Wakefield Inc. broker Tara Stacom, who, along with colleague David Green, was retained by CWCapital Asset Man- agement to reposition, lease and manage the 350,000-square-foot property. CWCapital serviced the senior loan on the property. Al- varez & Marsal is now the property’s receiver. The office building, which is owned by a partnership between George Comfort & Sons and Char- ney,has been in foreclosure since the end of 2009.One of the key tasks for Ms. Stacom and her colleagues on the deal was to convince the tenants that $7 million in renovations were funded and would be completed. “Construction had been stymied,” Ms. Stacom said. “We helped to right the ship and complete the asset’s transformation.” Mr. Green added: “It was hard, but we had to convince the tenants that this building would be viable in the long term. When the tenants saw progress and work on the lobby, they were convinced.” Tzell Travel, which occupied floors 13 to 15, will also take up the entire 12th floor. Guess has had its corporate offices on the entire 20th floor since 1996. Renovations, which include upgrading elevators,storefronts and the lobby, are expected to be completed by Thanksgiving, Mr. Green said. David Rosenbloom of Cush- man, which represented Guess, declined to comment, while neither Colliers International’s Mark Jac- com nor Robert Tunis, who represented Tzell Travel, returned a call. —amanda fung Nail salon to bring luster to Ludlow St. Think Pink Spa has inked a lease for its fourth Manhattan outpost. The

14 | Crain’s New York Business | September 26, 2011 20110926-NEWS--0014,0015-NAT-CCI-CN_-- 9/22/2011 8:24 PM Page 2

high-end salon is taking 2,640 square feet at 188 Ludlow St. Though the lease began last week, the tenant AvalonBay nixes West Side project will not move into the space until renovations are completed, which is expected by the end of the year. lease four parcels of land owned by some affordable-housing units. completed Avalon Fort Greene “It’s a tremendously underserved Luxury rental tower, Four Plus Corp., located on a block Fred Harris,senior vice president tower. clientele on the Lower East Side,” on hold since 2008, bounded by West 56th and West of development at AvalonBay, con- The relinquished West Side site said Steve Rappaport of Sinvin Real 57th streets and 11th and 12th firmed that the company is no longer has been owned by the Appleby fam- Estate, who represented the tenant. is finally ditched avenues. A lease deal had been working on the project. He said ily,which controls Four Plus,for gen- “[The space is] at the base of a very pending since February 2008, but AvalonBay is focusing its efforts on erations. While the property is ideal large luxury building, and the Low- it was put on hold due to the re- projects where it owns the land. for residential development, there is er East Side has no luxury nail salon.” BY AMANDA FUNG cession. The land is currently occu- a hitch:It is adjacent to a city-owned Think Pink Spa’s other locations pied by auto dealerships and park- At work near High Line, in Brooklyn garbage truck station. Supermarket are in SoHo, Greenwich Village and AvalonBay Communities has nixed ing garages. Those include its new 691-unit magnate and one-time mayoral the Plaza district.The asking rent for plans to build a big luxury rental According to earlier reports, Chelsea development near the High candidate John Catsimatidis owns the deal, which includes space on the development on Manhattan’s far AvalonBay had planned to build a Line and a planned 800-unit rent- two properties on the southeast cor- ground floor and in the basement, West Side. 44-story rental development with al development called AvalonBay ner of the block. His company Red was $115 per square foot. Landlord The Virginia-based real estate retail on the ground floor and Willoughby in downtown Brook- Apple Group is headquartered at Edison Properties was represented investment trust decided not to roughly 700 apartments, including lyn, blocks away from its recently one of them, at 823 11th Ave. Ⅲ in-house by Lenny Lazzarino. —emily laermer Financial firm joins the crowd Alternative-investment advisory firm Cliffwater has signed a 10-year lease for 9,000 square feet at 545 Madison Ave. The Marina del Rey, Calif.- based firm will occupy the entire seventh floor in the recently gut- renovated Plaza district property by the end of the year. “The whole district is a prime location for financial service folks,” SAVE ENERGY, SAVE CASH, said David Sigman, executive vice president of LCOR, the building’s landlord. GREEN INCENTIVES Cliffwater will be the first tenant WITH in the space following the building’s 2008 FOR MULTI-FAMILY BUILDINGS makeover. The asking rent was EARN UP TO $20,000 TO GO GREEN! in the $70s per square foot. Studley’s Con Edison is offering incentives to In addition to energy management David Dusek owners and managers of multi-family systems and other heating controls, represented the tenant.CB Rich- buildings with 5 to 75 units, to help incentives are available for the following ard Ellis Inc.’s cover the cost of upgrading to energy energy-efficiency improvements in Sloane Rhulen and Gregg Roth- management systems. common areas: kin negotiated • Upgrades to high-efficiency heating on behalf of the landlord. The systems are an effective way to retrofit The Cliffwater lease plus a five- an existing building to be more energy systems year lease for 5,000 square feet • Roof and heating pipe insulation signed by yacht manufacturer Uni- efficient. They pay for themselves over time versal Maritime Inc.bring the occu- by offering better control over a building’s • Upgrades to high-efficiency fluorescent pancy rate in the 142,000-square- lighting, occupancy sensors, and light- foot building up to 60%. temperature and reducing energy costs. And —emily laermer Con Edison offers incentives that will help emitting diode (LED) exit signs cover the installation, making it an even • Premium efficiency motors for pumps and BAD BETS smarter investment. fans Delinquent commercial real Building owners can receive $6,000 to • Upgrades to high-efficiency central air estate loans conditioning $20,000 in reimbursements for certain upgrades, which typically cost between Incentives are also available for residents $6.6B $15,000 and $25,000 to install. of individual apartments. Total NYC amount 10.1% LET THE GREEN TEAM show you how your NYC delinquency rate, up from 7.6% a year earlier building can save energy and money. 9.5% Visit conEd.com/greenteam or call 877-634-9443. National delinquency rate, up from 8.9% a year earlier

As of August 2011. Source: Trepp

September 26, 2011 | Crain’s New York Business | 15 20110926-NEWS--0016-NAT-CCI-CN_-- 9/22/2011 5:36 PM Page 1

able to make the bond payments,” said Chuck Lesnick, vice president HOW-TO Bronx seeks a hotel home run of the company. The problem for Bronx Parking Continued from Page 9 Corp. issued a request for expres- with 2,411 parking spaces, into Development is that fewer fans are cessories designer Rebecca Minkoff Garage near Yankee sions of interest from developers in- what it describes as a first-class housing its pricey new facilities and on practical matters like sourcing Stadium pitched as terested in taking on that task. tel that would include a high-end more are taking public transporta- and manufacturing. The prize in- “A major hotel and conference penthouse-level restaurant, as well tion or opting for cheaper parking cludes just a day of mentoring, but site for classy lodging center has been a priority for the as retail space. nearby. the two continued their relationship. people of the Bronx for decades,” Metro-North reports that an av- Ms. Minkoff welcomed the said Borough President Ruben Diaz Risk of default erage of 3,900 attendees use the chance to show Ms.Hoang the ropes. BY LISA FICKENSCHER Jr. in a statement. “For years, my of- The issue came to a head be- commuter line and its new train sta- “I know I needed a lot of help early on fice and the BOEDC have heard cause the Bronx Parking Develop- tion at the stadium to get to week- and would have benefited from [these Bronx officials have moved one step from both developers and hotel opment Co. is at risk of defaulting on end games. Meanwhile, the nearby kinds of ] resources,”the veteran said. closer to turning a local lemon—a erators expressing their desire to de- the bonds that financed the con- Gateway Center shopping mall has failed four-level parking lot—into velop a new hotel in the vicinity of struction of three new parking been attracting fans to its parking TIP TWO something they’ve craved for sever- Yankee Stadium.” facilities near the new Yankee Sta- garages, which charge about $4 an Seek customized advice. al years: a high-end hotel.The move According to the proposal, the dium. hour, compared with $35 per game came last week, when the Bronx city would like to convert garage No. “Because of low demand for the for a self-park space in the stadium Look for someone who “gets” your Overall Economic Development 8, a 749,700-square-foot facility parking, we had a risk of not being garages. n product or service. It’s best to find a professional who is involved in your industry or uses what you’re selling, says Ryford Estores, who markets home-haircutting equipment for men at Self-Cut System. He speaks regularly with Mr. Greaves, whom he met through 100 Urban Entre- preneurs. “He understands and be- lieves in my product,” said Mr. Es- tores.“He actually cuts his own hair.” Drawing on his experience, Mr. Our Service is Legendary. Greaves suggested that Mr. Estores offer an after-haircut cream to generate recurring revenues.The entre- preneur, who used to be a barber, OUR DEDICATED PROFESSIONALS loved the idea.“I’m in the process of developing that product,” he said. ARE REAL. TIP THREE Respect your mentor’s time. Mentors want to be of assistance, but a high-maintenance entrepre- neur will have problems. “Mentors are there to bounce ideas off and to give you insights,”said Mr.Greaves. “They’re not there to tell you the right answers every time. It’s your job to make the decisions.” On the other hand,don’t hesitate to ask questions for fear of looking sDedicated Small Business like a newbie.“Invariably,they’ll end up touching on many other things,” Relationship Manager Mr. Greaves said. sLonger Hours that Work TIP FOUR with Your Schedule Don’t overlook one-time help. s A benefit of competitions like that Convenient Online Access by DailyCandy, which announced with TD Bank BusinessDirect its 2011 winners earlier this month, is that they offer manageable doses s of direction, according to partici- We’re Ready to Lend pants. When You’re Ready to Borrow Finalist Laura Williamson,founder of online knitwear retailer Le Loup- Garou, said one overriding draw of the competition was the chance for PUT THE POWER OF TD BANK winners to absorb in-person advice TO WORK FOR YOU. from program mentor Jonathan Ad- ler and similarly high-profile entre- To speak with a Small Business preneurs.Just as important,she said, Relationship Manager, call 1-888-751-9000 was the chance to hear the inspiring or visit www.tdbank.com/smallbusiness stories of such entrepreneurs. TIP FIVE Be candid with advisers. One factor facilitating Mr. Lao’s work with his mentors is that he has not hid details—including his trouble delegating tasks that he thinks he can do better than his staff. “You want all your cards on the table,”said Mr. Klein of UBS. n

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16 | Crain’s New York Business | September 26, 2011 20110926-NEWS--0017,0018-NAT-CCI-CN_-- 9/22/2011 1:23 PM Page 1

ACCOUNTING INSIDE Largest accounting firms in the New York area PAGE 20 “Going green is moving in the direction of managing and improving operations.” —Peter Minan, KPMG, Page 18

Big Four, IN DEMAND: CPA Stephanie Teibel had her choice of jobs clients after graduation and follow now works at Berdon. the green Accountants build practices, as business chases fiscal benefits of eco-friendliness

BY HILARY JOHNSON

Everyone knows that accounting firms verify companies’ financials. But earlier this year, Wyndham Worldwide Corp. asked Deloitte to put its seal of approval on something very different:the hotel company’s report on its carbon usage. “We wanted to have that additional credibility for the numbers that we’re publishing,” said Faith Taylor, the hotelier’s vice president of sustainability and innovation. The sort of work that Deloitte YOU’RE HIRED!

performed for Parsippany, N.J.- buck ennis based Wyndham is no anomaly. In the past few years, green-minded companies have prompted ac- Why accountants are such hot commodities in the NY job market counting firms to branch out from their bean-counting roots; these BY EMILY SACHAR She can say that again. While the U.S. unem- the tax area, but now they are more quickly being days, they’re counting things like ployment rate hovers around 9.1%, the rate in the given exposure to specializations like mortgage, carbon atoms, too. accounting field has been holding steady at rough- entertainment and even forensic accounting. “The demand is increasing for Stephanie Teibel, 23, is sitting pretty a mere year ly 3.5% for the year, according to the federal Bu- The supply-and-demand dynamic has worked competency in sustainability across after graduating from the University of Delaware. reau of Labor Statistics. Indeed, hiring for ac- out nicely for accountants like Ms. Teibel. For all of our services,” said Stephen She’s earning more than $55,000 annually as a countants has become so competitive that sign-on those doing the hiring,however,it has been a chal- Starbuck, the Americas leader of CPA at Manhattan accounting firm Berdon, bonuses,year-end bonuses,shortened summer Fri- lenge. And things could get tougher on the hiring climate change and sustainability which offered her a position a full six months be- days and other perks have become the new norm. front over the coming decade: Even as waves of services at Ernst & Young. fore graduation. The crush for talent has helped spruce up ac- baby boomer accountants eye retirement, colleges The Big Four accounting firms’ “It’s been an amazing opportunity,” said Ms. counting’s deadly dry,number-crunching image— face a challenge finding enough professors to train offerings go beyond the audit work Teibel, who turned down a job offer from anoth- at least somewhat. Not only are salaries stronger accounting students (see related story, Page 19). of confirming companies’ num- er firm to join Berdon in January,“especially when than ever, the workload of even entry-level CPAs “There’s a serious concern right now about a bers. They’re also consulting on I think about the job market so many other col- is considered much more diverse than it was just 10 sufficient supply of accountants, both today and See GREEN on Page 18 lege graduates are facing right now.” years ago. Young accountants typically start out in See CPAs on Page 19

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September 26, 2011 | Crain’s New York Business | 17 20110926-NEWS--0017,0018-NAT-CCI-CN_-- 9/22/2011 1:23 PM Page 2

REPORT ACCOUNTING WHY GO GREEN? Some key reasons U.S. execs cite loitte bought ClearCarbon Con- Nearly 55% of U.S. companies sur- for creating sustainability programs: sulting Inc. and Domani Sustain- veyed recently by KPMG reported Following the green ability Consulting. And in June, the that they have a formal sustainabil- 37% Enhancing brand firm hired away key executives from ity strategy in place. Their motiva- reputation Continued from Page 17 mand in that area has accelerated in IBM’s sustainability-consulting busi- tion? The good old bottom line. A 35% Regulatory/legal how enterprises should begin think- the past few years, sparking aggres- ness and from consulting firm Envi- total of nearly 50% told KPMG they compliance ing about eco-friendly practices. sive hiring and investing. ronmental Resource Management. believed that their sustainability Reducing costs They’re assessing carbon footprints Another indication that account- programs would improve their bot- 34% and implementing carbon-tracking Investing in growth ants are taking the green push seri- tom line in some way. 24% Product/service software. And they’re helping busi- “We have continued to invest in ously:The industry is paying for the That reflects a shift from the days differentiation nesses tap into tax incentives that are additional resources,”said Peter Mi- operations of the Global Reporting when firms largely wanted to be per- Source: KPMG available on the federal,state and lo- nan, assurance leader for KPMG’s Initiative,the group behind the most ceived as green, says Mr. Minan. cal levels. U.S.climate change and sustainabil- widely used sustainability reporting “It started primarily from brand While accounting firms are coy ity practice,“particularly in the U.S., framework, at its new U.S. hub. image,”he said.“But now it’s moving that companies reap direct econom- about just how much new business as more and more companies look In focusing more on sustainabil- nicely in the direction of managing ic benefits by minimizing their en- they are reaping from the sustain- for guidance.” ity, the accounting firms mirror the and improving business operations.” vironmental footprints. ability surge, they agree that de- Meanwhile, in December, De- priorities of corporate America. Wyndham’s Ms. Taylor notes “You can improve operating margins by reducing your expenses associated with energy use, water and waste,” she said. That’s music to the ears of accountants. U.S. companies don’t face the sort of political pressure to create sustainable businesses that many of their foreign counterparts do. Their investments—including enlisting the help of accounting firms—tend to revolve around the financial benefits. “In the U.S., it’s more about, ‘Give me the business case for why I should spend this money,’”said Eric Hespenheide, global leader at De- by providing expert accounting services loitte for sustainability and climate change, audit and enterprise risk services. “It’s less influenced by by minimizing your taxes [nongovernmental organizations] and governments pushing a sustainability agenda.” For now,consulting and taxes are by identifying tax planning opportunities the busiest parts of the Big Four’s helping your business eco-consulting business. The next frontier is auditing comprehensive in a by listening to your needs grow sustainability reports. A new world of reporting challenging by understanding your goals About 60 companies in the U.S. have issued such reports so far in 2011, according to GRI, and more, economy including Goldman Sachs and Marsh & McLennan, are working on them. Accounting firms often by developing an effective business plan help companies put the assessments together,but so far,only one company, Qualcomm, has had a third par- by providing you with an advantage ty check the full report, GRI says. Meanwhile, about 22% of 341 Eu- ropean companies that have issued sustainability reports this year have had them reviewed. ACCOUNTING, TAX & CONSULTING NYSE Euronext recently completed its second corporate-respon- Together with MHM, one of the Top Ten sibility report,but it is holding off on third-party verification as it awaits a accounting providers in the nation stronger consensus about reporting standards. Indeed, a lack of clear, universal guidelines is one of the hurdles facing the corporate-responsibility movement. Not surprisingly,accounting firms are helping to push for a solution. They are involved in discussions aimed at unifying international standards for sustainability reporting. They aim not only to offer input,but Karin McKittrick • 212.790.5757 also to be seen by potential clients as www.cbiz.com/cbizmhm-newyork experts and thought leaders. Michelle Greene, head of corpo- our business is growing yours rate responsibility at NYSE Eu- ronext, says that her organization is an eager observer of sustainability- reporting developments and an avid supporter of companies that report Audit and attest services may be provided through our association with Mayer Hoffman McCann CPAs, the New York practice of Mayer Hoffman McCann P.C., an independent CPA ﬁrm. voluntarily. © Copyright 2011. CBIZ, Inc. NYSE Listed: CBZ. All rights reserved. “It’s important to a number of our [member] companies,” Ms. Greene said, “so it’s important to us.” n

18 | Crain’s New York Business | September 26, 2011 20110926-NEWS--0019-NAT-CCI-CN_-- 9/22/2011 1:19 PM Page 1

REPORT

CPAs are in demand Continued from Page 17 2,200 positions in June 2011, to going forward,” noted Mark Boss- 933,200, the fourth straight month wick, a member of the executive of gains and the highest head count committee at Berdon. “Getting the since 944,600 in December 2008,ac- best,like Stephanie,is requiring us to cording to new government data. take steps we didn’t contemplate just That’s projected to continue,and a few years ago.”Indeed,Berdon had those seeking positions in New York to offer jobs to 30 graduates in the City stand to benefit.The city’s sup- class of 2011 in order to get 10 start- ply of accounting jobs, currently ing accountants, he said. around 47,500, is up from 42,600 in Ms. Teibel and her counterparts August 2010, according to the New are benefiting from a surge in ac- York state Department of Labor. counting hiring that predates the halting economic recovery. In the Experience counts wake of the 2002 Sarbanes-Oxley While firms are competing to law,demand for accounting services pluck graduates fresh out of college, took off as companies found them- the surge in demand has also worked selves held to tougher standards. in favor of experienced accountants. The recession slowed the pace of Frances Valenzuela, 30, of Brook- hiring, but the industry has resumed lyn,switched careers from real estate its strong growth thanks to the re- to accounting in 2008; within two covery and to another piece of re- years, she’d been recruited away form legislation, the 2010 Dodd- from her first accounting firm by Frank Wall Street Reform and Buchbinder Tunick & Co. in Man- Consumer Protection Act. “Now hattan. “People need accountants we’re playing catch-up,” said Wendy now more than ever,especially in the Cama, a partner and banking spe- tax area,” said Ms. Valenzuela. cialist at Crowe Horwath,which has Said Harry Wendroff, managing a 100-employee Manhattan office. partner of Buchbinder: “People like Frances, with even a year of ac- New procedures counting experience, are very much Ratcheting up demand even fur- in demand. They have so many op- ther is the fact that all kinds of busi- portunities.” nesses are voluntarily tightening up It’s no wonder,then,that employ- internal accounting procedures. ers are aggressively working on qual- “From pharmaceuticals to manufac- ity-of-life issues and recruiting in- turing, sports to music, virtually centives. At the Metis Group, perks every industry now wants and needs include flexible work hours, a firm- accountants,” said Richard Deo- sponsored kickball team and full singh, who manages the New York company payment to prepare for and City region for staffing firm Robert take the CPA accreditation exam,ac- Half International. cording to Managing Partner Glenn That is in part due to Bernard Friedman. The firm also gives out Madoff and his infamous Ponzi iPads for stellar performance. scheme, said Kevin Clancy, a part- In Ms. Teibel’s case, she hadn’t ner at J.H. Cohn. “Companies are even been hired when the generosity Lots of advisors suit up, thinking: ‘We surely don’t want our began. Before she started with company to be next on the front Berdon in January 2011,the firm had page of The New York Times. Do we paid the $4,000 it cost her to prepare show up and keep up. have the right people in place?’ ” for the CPA exam.And before the in- The overall result is that account- terview process, Ms.Teibel had been ing has become that rare high- wined and dined by Berdon partners. But how many know skilled, well-paying industry that is “All that attention truly meant a exhibiting healthy growth.National- lot to me,” Ms. Teibel said. “In an when to speak up? ly, total employment in the account- economy like this one, I’ll feel secure ing and bookkeeping sector grew by for years to come.” n SHORTAGE OF PROFESSORS DESPITE THE GROWING DEMAND for accountants, colleges may soon find themselves struggling to produce enough young practitioners. The problem isn’t too few students. Enrollment in bachelor’s degree accounting programs grew more than 40% between the 2001-02 and 2009- 10 school years, to about 187,500, according to the American Institute of Certified Public Accountants in Durham, N.C. And the number of master’s graduates in accounting and business administration/accounting more than doubled, to about 37,400, in the same period. Team McGladrey Golfer Zach Johnson and his caddie, Damon Green. The problem is that baby boomer accounting professors are beginning to age out of the classrooms just when students are surging in. Typical is Jerry Trapnell, 65, a former head of the accounting program at Clemson University. Power comes from being understood.SM “The pipeline is the No. 1 issue we are facing in accounting today,” said And when you trust the advice you’re getting, you know your next Mr. Trapnell, who is now chief accreditation officer at the Association to move is the right move. This is the power of being understood. Advance Collegiate Schools of Business in Tampa, Fla. In response, the industry three years ago created the nationwide Accounting Experience the power. Go to zachisunderstood.com. Doctoral Scholars Program. The program provides funding to help experienced Or contact McGladrey & Pullen New York Oﬃce accountants obtain the doctorates they’ll need to teach the next generation. Managing Partner Don Lipari, at 212.372.1235. “It’s no secret that there is a growing shortage of qualified accounting faculty members,” said Scott Moore, senior manager of college and university initiatives at the American Institute of Certified Public Accountants, “especially those with

September 26, 2011 | Crain’s New York Business | 19 20110926-NEWS--0020-NAT-CCI-CN_-- 9/22/2011 1:27 PM Page 1

REPORT ACCOUNTING

Employment in the Accounting Field The Big Four’s Share Total NY Area Professionals The number of NYC accounting-sector jobs grew by 4,900 in As is typical, more than two-thirds of the professionals The number of area professionals in audit/accounting, tax and August from year-earlier levels. In NY state, employment rose employed by all 25 accounting firms on this year’s list work for management advisory at the top 25 firms increased by some by 800 positions vs. August 2010. Figures are in thousands. the four largest firms. 2,700 people versus the year-earlier level. Top 25 total: 26,371 90 New York City 73.6 New York state 75 +11.5% 60 23,649 26,371 47.5 30.2% 45 7,967 30 All others 69.8% 15 18,404 1992 2001 2011 Big Four Figures are for August of each year and include accounting, tax preparation, bookkeeping and 2010 2011 payroll services. Source: NYS Department of Labor Includes professionals in audit/accounting, tax and management advisory only. (as of June 30) (as of June 30) New York Area’s Largest Accounting Firms Ranked by number of area professionals

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September 26, 2011 | Crain’s New York Business | 21 20110926-NEWS--0022-NAT-CCI-CN_-- 9/22/2011 1:28 PM Page 1

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22 | Crain’s New York Business | September 26, 2011 20110926-NEWS--0023-NAT-CCI-CN_-- 9/22/2011 1:29 PM Page 1

REPORT ACCOUNTING

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September 26, 2011 | Crain’s New York Business | 23 20110926-NEWS--0024-NAT-CCI-CN_-- 9/23/2011 12:15 PM Page 1

FOR THE RECORD

purchasing department in room 2A2 now directly holds 470,334 shares. American retail, exercised options on at Lincoln Hospital Center, 234 E. 148,031 shares of common stock at ABOUT THIS SECTION 149th St., Bronx. No bids will be ● Marsh & McLennan Cos. (MMC) prices ranging from $26.21 to $29.37 on mailed out after Sept. 26. To make Vanessa Ames Wittman, chief financial Sept. 15, in a transaction worth FOR THE RECORD is a weekly listing of information from the public record that inquiries, contact Junior Cooper at officer and executive vice president, $4,027,382. can help businesspeople in the New York area find opportunities, potential (718) 579-5096 or exercised options on 150,000 shares of new clients and updates on competitors. [email protected]. common stock at $19.05 on Sept. 7, in a ● Tiffany & Co. (TIF) To ask questions or get more information on this section, contact Suzanne transaction worth $2,856,750. On the Jon M. King, executive vice president, Panara at [email protected]. same day, she sold 150,000 shares of exercised options on 30,000 shares of REAL ESTATE DEALS common stock at $29.75, in a common stock at $31.49 between transaction worth $4,462,500. Sept. 14 and Sept. 15, in a transaction Companies that would like to have details worth $944,700. During the same of their recent transactions appear in ● Regeneron Pharmaceuticals Inc. period, he sold 30,000 shares of BANKRUPTCIES goods and services to city government, these listings should email descriptions (REGN) common stock at prices ranging from visit www.nyc.gov/selltonyc. For a following this format to ELaermer@ Neil E. Stahl, senior vice president, $72.50 to $75.69, in a transaction worth The following listings are selected from searchable database of current procurement crainsnewyork.com, with research and development sciences, $2,222,850. He now directly holds the most recent available filings by notices, visit www.nyc.gov/cityrecord. “Real estate transaction” in the exercised options on 82,818 shares of 18,065 shares. companies seeking bankruptcy protection Listings are alphabetical by category and subject line, or enter them online at common stock at $11.64 on Sept. 6, in a in the Southern and Eastern Districts department. crainsnewyork.com/submitadeal. Deals transaction worth $964,002. On Sept. 7, ● Dun & Bradstreet Corp. (DNB) of New York. Information was obtained are listed in order of square footage. he sold 33,760 shares of common stock Sara Siloo Mathew, chairwoman, from U.S. Bankruptcy Court records CONSTRUCTION SERVICES at prices ranging from $67.47 to $70.40, president and chief executive, exercised available on Public Access to Court ● Department of Design and Construction COMMERCIAL in a transaction worth $2,354,376. He options on 50,000 shares of common Electronic Records. Listings are in Seeks competitive sealed bids by 2 p.m. ● Planet Fitness signed a lease for now directly holds 55,685 shares. stock at $36.16 between Sept. 6 and alphabetical order. on Nov. 1 for the new Zerega EMS 20,000 square feet at 158 W. 27th St. Sept. 7, in a transaction worth Station in the Bronx. Bid documents Crown Retail Services’ Richard Chera Murray A. Goldberg, senior vice $1,808,000. During that same period, ● 100 West Park can be obtained at www.nyc.gov/ddc. and Jordan Barker represented the president, finance and administration, she sold 11,575 shares of common stock 100 West Park, Long Beach, L.I. There will be an optional prebid tenant, while landlord H+M was chief financial officer, treasurer and at prices ranging from $61.71 to $64.48, Filed for Chapter 11 bankruptcy conference on Wednesday, Oct. 5, at represented in-house by Mark Stein and assistant, exercised options on 58,879 in a transaction worth $730,764. She protection on Sept. 9. The filing cites 10 a.m. at the new Zerega EMS Station Jason Vacker. The asking rent was not shares of common stock at prices now directly holds 123,700 shares. estimated liabilities of $1,000,001 to at 501 Zerega Ave., Bronx 10473. To disclosed. ranging from $11.64 to $19.43 between $10 million and estimated assets of make inquiries, contact Ben Perrone at Sept. 6 and Sept. 8, in a transaction ● Hain Celestial Inc. (HAIN) $1,000,001 to $10 million. Among the (718) 391-2614. RETAIL worth $810,467. From Sept. 7 to Sept Ira J. Lamel, executive vice president, creditors with the largest unsecured ● Blood Manor signed a lease for 9,000 9, he sold 21,073 shares of common chief financial officer, treasurer and claims are Scher & Scher, owed $20,000; ● Health and Hospitals Corp. square feet at 163 Varick St. Tom Pfingst stock at prices ranging from $67.19 to corporate secretary, exercised options on Tannan Contracting Co., owed $16,500; Seeks competitive sealed bids by 1:30 of Kenneth Zund Realty represented the $70.41, in a transaction worth 46,400 shares of common stock at and Law Office of Nelson Vinokur, p.m. on Nov. 1 for immediate parking tenant, while Edwin Shirazian of $1,454,979. He now directly holds $18.06 between Sept. 7 and Sept. 9, in a owed $16,235. garage repairs. There will be a Heritage Realty represented landlord 87,350 shares. transaction worth $837,984. During the mandatory prebid conference and site 163 Varick LLC. The asking rent was same period, he sold 46,400 shares of ● Canal Benk Realty tours on Thursday, Oct. 13, and Friday, $30 per square foot. William G. Roberts, vice president, common stock at prices ranging from 1276 50th St., Brooklyn Oct. 14, at 11 a.m. at Elmhurst Hospital regulatory development and medical $31.08 to $32.17, in a transaction worth Filed for Chapter 11 bankruptcy Center, 79-01 Broadway, main building ● Paul & Shark signed a lease for 3,100 safety, sold 22,966 shares of common $1,482,984. He now directly holds protection on Sept. 9. The filing cites basement, room BB-11, Elmhurst, square feet at 667 Madison Ave. The stock at prices ranging from $62.76 to 24,121 shares. estimated liabilities of $1,000,001 to Queens. No one will be admitted retailer will occupy space on the ground $70.38 between Sept. 6 and Sept. 7, in a $10 million and estimated assets of without a bid. To make inquiries, contact floor and mezzanine. Prudential transaction worth $1,545,972. On Sept. ● TAL International Group Inc. (TAL) $500,001 to $1,000,000. Among the Aurelio Morrone at (718) 883-6000 or Douglas Elliman’s Faith Hope Consolo 6, he exercised options on 4,512 shares Brian M. Sondey, director, president and creditors with the largest unsecured [email protected]. and Joseph Aquino arranged the deal on of common stock at $11.64, in a chief executive, sold 65,600 shares of claims are Zalman Blau, owed behalf of the tenant and landlord Hartz transaction worth $52,520. He now common stock at prices ranging from $2,500,000; and Shai Gross, owed ● Human Resources Administration Mountain Industries Inc. The asking directly holds 75,990 shares. $28.00 to $28.37 between Sept. 13 and $5,000. Seeks competitive sealed bids by 3 p.m. rent was $1,200 per square foot on the Sept. 15, in a transaction worth on Oct. 11 for general construction ground floor. The mezzanine asking rent ● Coach Inc. (COH) $1,849,340. He now directly holds ● East Harlem Property Holdings services citywide.To make inquiries, was not disclosed. Michael D. Tucci, president, North 329,263 shares. Ⅲ 229 Linwood Ave., Cedarhurst, L.I. contact Donna Wilson at (212) 331-4843 Filed for Chapter 11 bankruptcy or [email protected]. ● 16 Handles signed a lease for 2,785 protection on Sept. 15. The filing cites square feet at 498 Sixth Ave. The frozen estimated liabilities of $10,000,001 to ● School Construction Authority yogurt chain will occupy space on the DEALS ROUNDUP $50 million and estimated assets of Seeks competitive sealed bids by ground floor and in the basement. $100,000,001 to $500 million. Among 11 a.m. on Oct. 5 for a culinary arts Neal Ohm of CS Commercial TRANSACTION SIZE the creditors with the largest unsecured room upgrade at Westinghouse represented the tenant, while Newmark SELLER/TARGET (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE claims are Philips International Vocational High School in Brooklyn. To Knight Frank Retail’s Jay Gilbert Warburg Pincus (Manhattan)/ $3,660.8 Broadcom Corp. SB M&A Holdings Corp., owed $190,000; June make inquiries, contact Rookmin Singh represented landlord Sixth Avenue NetLogic Microsystems Inc. Diamant, owed $14,589.49; and at (718) 752-5843 or Equities. The asking rent was $161 per Margolin Winer & Evans, owed [email protected]. square foot. Not disclosed/ $423.8 Apollo Residential Mortgage Inc. SB M&A Portfolio of agency (Manhattan) $13,125. and nonagency residential ● GOODS AND SERVICES Kate’s Paperie signed a lease for 2,300 mortgage-backed securities ● Infinity Resources Corp. ● Department of Environmental Protection square feet at 435 Broome St. Greg Kim Apollo Global Management $400.0 Pearson SB M&A 2588 Broadway, Manhattan Seeks competitive sealed bids by 11:30 of Tarter Stats O’Toole represented both (Manhattan), Sterling Partners/ Filed for Chapter 11 bankruptcy a.m. on Oct. 4 for supplying methanol the tenant and landlord Socket Realty Connections Education protection on Sept. 13. The filing cites for nitrogen removal at New York City Corp. The asking rent was $150 per Level One/ $300.0 Blackstone Real Estate Advisors SB M&A estimated liabilities of $100,001 to wastewater treatment plants. To make square foot. Mixed Property Portfolio (Manhattan) $500,000 and estimated assets of inquiries, contact the bid room at Meridian Group/ $150.1 Brookfield Properties Corp. SB M&A $100,001 to $500,000. Among the (718) 595-3265 or [email protected]. 3 Bethesda Metro (Manhattan) creditors with the largest unsecured STOCK TRANSACTIONS Center Office Building claims are Mission Valley Bank, owed ● Department of Environmental Protection American Housing $129.0 AREA Property Partners (Manhattan), SB M&A $126,771.44; Yellowstone Capital, owed Seeks competitive sealed bids by 11:30 Following are recent insider transactions at Foundation/ McDowell Properties $81,650; and The Expansion Group, a.m. on Oct. 12 for transportation and New York’s largest publicly held companies $215 million portfolio owed $59,599.05. disposal services for New York City.To filed with the Securities and Exchange of defaulted loans make inquiries, contact the bid room at Commission by executives and major Not disclosed/ $84.0 Silver Lake Partners, Accel-KKR, GCI ● Long Island Mechanical of New York Inc. (718) 595-3265 or [email protected]. shareholders. Listings are in order of Opera Solutions JGE Capital Management, Invus 869 Sylvan Avenue, Bayport, L.I. transaction value.The information was Financial Advisors (Manhattan), Filed for Chapter 7 bankruptcy ● Fire Department of New York obtained from Thomson Reuters. Tola Capital protection on Sept. 13. The filing cites Seeks competitive sealed bids by 4 p.m. Axis Private Equity Ltd./ $50.0 New Enterprise Associates, FB M&A estimated liabilities of $1,000,001 to on Oct. 12 for a qualified contractor to ● CBS Corp. (CBS) VISHWA Infrastructure Olympus Capital Holdings Asia $10 million and estimated assets of perform drug and alcohol screening and Leslie Moonves, president, chief & Services Pvt. Ltd. (Manhattan) $1,000,001 to $10 million. Among profile testing of Fire Department executive and director, exercised options (35.6%) the creditors with the largest employees, candidates for employment on 300,000 shares of common stock at A-American Self Storage $46.0 W.P. Carey & Co. (Manhattan) SB M&A unsecured claims are Citibank, owed and retirees. To make inquiries, contact $13.09 on Sept. 15, in a transaction Management Co./ $400,000; Trane, owed $139,319.30; Kristina LeGrand at (718) 999-1234 or worth $3,927,000. On that same day, he Nine self-storage and The Estate of Bruno Grgas, owed [email protected]. sold 300,000 shares of common stock at properties in California, Illinois and Hawaii $121,497. $23.67, in a transaction worth ● Health and Hospitals Corp. $7,101,270. He now directly holds Priderock Capital Partners/ $40.9 AREA Property Partners (Manhattan) SB M&A Heritage at Old Town Seeks competitive sealed bids by 3 p.m. 1,801,030 shares. GOVERNMENT CONTRACT on Oct. 3 for preventative maintenance Selected deals announced for the week ended Sept. 18 involving companies in metro New York. OPPORTUNITIES and emergency service for generators ● Hess Corp. (HES) FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing shares of a company with the participation of a financial buyer. GCI: Growth capital investment located at Lincoln Hospital. There will John B. Hess, chairman and chief represents new money invested in a company for a minority stake. SB M&A: Strategic buyer Following are selected contract be a mandatory site visit scheduled for executive, purchased 174,950 shares of M&A represents a minority or majority acquisition of existing shares of a company without the opportunities recently announced by New Sept. 26 and Sept. 27 at 10 a.m. All common stock at $57.17 on Sept. 12, in participation of a financial buyer. source: capitaliq York City agencies.To learn how to sell prospective bidders to meet in the a transaction worth $10,001,892. He

24 | Crain’s New York Business | September 26, 2011 Project3:fp template.qxd 9/22/11 1:49 PM Page 1 THANK YOU CRAIN’S 2011 50 MOST POWERFUL WOMEN IN NEW YORK CITY

Crain’s New York Business named and honored the 50 Most Powerful Women in New York City at a celebratory luncheon at 583 Park Avenue. Thank you to all whose support was integral to the success of the event.

THE 50 HONOREES

1. Mary Ann Tighe 11. Mary Callahan Erdoes 21. Shelly Lazarus 30. Jane Rosenthal 40. Kay Krill Chief Executive Chief Executive Chairman Co-Founder President and Chief Executive New York Tri-State Region J.P. Morgan Asset Management Ogilvy & Mather Worldwide Tribeca Productions / Tribeca Enterprises Ann Inc. CB Richard Ellis Inc. 12. Jill Abramson 22. Merryl Tisch 31. Deanna Mulligan 41. Dorothy Herman 2. Ruth Porat Executive Editor Chancellor Chief Executive Chief Executive Chief Financial Officer The New York Times New York State Board of Regents The Guardian Life Insurance Company Prudential Douglas Elliman Morgan Stanley of America 13. Bonnie Hammer 23. Sheila Birnbaum 42. Nancy Peretsman 3. Indra Nooyi Chairman Co-Head 32. Tina Brown Managing Director Chairman and Chief Executive NBC Universal Cable Entertainment Mass Torts and Insurance Editor-In-Chief Allen & Co. PepsiCo Inc. and Cable Studios Litigation Group Newsweek and The Daily Beast Skadden, Arps, Slate, Meagher, & Flom 43. Diana Taylor 4. Patricia Harris 14. Marcia Goldstein 33. Ellen Futter Managing Director First Deputy Mayor Chair 24. Sarah Dahlgren President Wolfensohn & Co. City of New York Business Finance and Head of Bank Supervision American Museum of Natural History Restructuring Group Federal Reserve Bank of New York 44. Jennifer Raab 5. Sallie Krawcheck Weil, Gotshal & Manges 34. Amanda Burden President Veteran Wall Street Executive 25. Edith Cooper Chair Hunter College 15. Barbara Novick Global Head New York City Planning Commission 6. Andrea Jung Vice Chairman Human Capital Management 45. Judith Rodin Chairman and Chief Executive BlackRock Inc. Goldman Sachs Group Inc. 35. MaryAnne Gilmartin President Avon Products Inc. Executive Vice President The Rockefeller Foundation 16. Janet Robinson 26. Arianna Huffington Forest City Ratner Enterprises Inc. 7. Katherine Farley Chief Executive Editor-In-Chief 46. Suri Kasirer Senior Managing Director The New York Times Co. Huffington Post Media Group 36. Meredith Whitney President Tishman Speyer AOL Inc. Chief Executive Kasirer Consulting 17. Diane von Furstenberg Meredith Whitney Advisory Group 8. Kirsten Gillibrand Chairman and Founder 27. Emily Rafferty 47. Gail Donovan U.S. Senator Diane von Furstenberg Studio President 37. Linda Addison Chief Operating Officer Democrat, New York The Metropolitan Museum of Art Partner-In-Charge, New York Continuum Health Partners 18. Candace Beinecke Fulbright & Jaworski 9. Kathryn Wylde Chair 28. Pamela Brier 48. Tory Burch President and Chief Executive Hughes Hubbard & Reed President and Chief Executive 38. Pamela Liebman Co-Founder and Chief Executive Partnership for New York City Maimonides Medical Center Chief Executive Tory Burch LLC 19. Anna Wintour The Corcoran Group Inc. 10. Christine Quinn Editor-In-Chief 29. Virginia Rometty 49. Patricia Lynch Speaker Vogue Group Executive 39. Sandra Lee President New York City Council Sales, Marketing and Strategy Chief Executive and Editor-In-Chief Patricia Lynch Associates Inc. 20. Susan Wagner International Business Machines Corp. Sandra Lee Semi-Homemade Inc. Vice Chairman 50. Darcy Stacom BlackRock Inc. Vice Chairman CB Richard Ellis Inc.

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DIRECT TV PROVIDER PUBLIC & LEGAL NOTICES

# Directv Dealer Notice of Qualification of 29 West 57th REQUEST FOR QUALIFICATIONS Street Owner LLC. Authority filed with NYC NY Dept. of State on 12/10/08. Office See client list location: NY County. Princ. bus. addr.: 210 Route 4 East, Paramus, NJ 07652. LLC formed in DE on 3/9/06. NY Sec. WWW.DKOCNNECTIONS.COM The City of New York (“City”) Department of Housing Preservation and Development (“HPD”) of State designated agent of LLC upon (516)541-5700 is seeking to evaluate and pre-qualify general contractors to perform moderate rehabilitation, whom process against it may be served substantial rehabilitation, and new construction of affordable housing (“Projects”). and shall mail process to: c/o CT Corporation System, 111 8th Ave., NY, HPD is issuing this Request for Qualifications (“RFQ”) in order to assess the capability, NY 10011, regd. agent upon whom TELECOMMUNICATIONS capacity, and integrity of firms that submit responses (“Applicants”) to work as general process may be served. DE addr. of contractors on Projects of varying sizes. HPD may conduct interviews with potentially eligible LLC: 1209 Orange St., Wilmington, DE Applicants. Selected Applicants (“Qualified General Contractors”) will be eligible to perform 19801. Arts. of Org. filed with DE Sec. work on Projects that are assisted by HPD and/or the New York City Housing Development of State, 401 Federal St., Dover, DE 19901. Purpose: any lawful activity. Corporation (“HDC”). HPD will establish categories into which Qualified General Contractors 33 East 33rd Street will be placed, based on experience, capability, capacity, financial resources, and stability, NOTICE OF FORMATION OF Blue New York, NY 10016 to work on construction projects with total costs within the following ranges: up to $1 million; Triple Eight LLC. Arts of Org filed with 212-532-7400 up to $5 million; up to $10 million; and more than $10 million. the Secy of State of NY (SSNY) on 06/24/11. Office loc: NY Cty. SSNY [email protected] HPD will make a list of Qualified General Contractors (“List”) available to developers/sponsors designated as agent upon whom EMERGENCY of HPD/HDC-assisted Projects. A developer/sponsor will not be obligated to select a Qualified process may be served and shall mail General Contractor from the List. Being placed on the List is not a guarantee of receiving process to: 1170 Peachtree St NE, COMMUNICATIONS work, and it is possible that a Qualified General Contractor on the List may not be selected Ste 1750, Atlanta, Georgia 30309. SYSTEMS for any Project. Selection of an Applicant as a Qualified General Contractor only indicates The principal business address: 415 SPECIALISTS that the Applicant has met the requirements to be placed on the List and will not create Washington St, Ste 1B, NY, NY • FREE PICKUP & DELIVERY any rights on the Applicant`s part. 10013. Purpose: any lawful acts. • 48 HOUR TURNAROUND HPD will hold a pre-submission conference for potential Applicants on October 14, 2011 NOTICE OF FORMATION OF Sue ON REPAIRS @ 10:00am at 100 Gold Street, Room 8-P6, 8th Floor, New York, NY 10038. Potential Panzer Consulting LLC. Arts of Org • FREE ENGRAVING Applicants are not required to attend the conference in order to apply for inclusion on filed with the Secy of State of NY • SHORT & LONG TERM the List. (SSNY) on 8/8/11. Office loc: NY Cty. RENTALS SSNY designated as agent upon Application documents will be available as of September 12, 2011 at HPD, 100 Gold Street, whom process may be served and Room 7-A3, New York, NY 10038. Application documents may also be obtained on-line at shall mail a copy of any process to http://a856 internet.nyc.gov/nycvendoronline/home.html the principal business address: 200 W. 79th St, Apt. 15K, NY, NY 10024. Applications received by October 24, 2011 will be considered by HPD for inclusion Purpose: any lawful acts. on the initial List. After the first round of Applicant reviews, applications will be accepted on a rolling basis and the List will be updated quarterly. Notice of Formation of Kyriaki Design Group LLC. Arts. of Org. filed with For more information, Applicants should contact Mr. Ira Chinsky, Director of Procurement Secy. of State of NY (SSNY) on and Administration for the Division of Construction Services, at (212) 863-7486 or via 8/4/11. Office location: NY County. PUBLIC & e-mail at [email protected]. SSNY designated as agent of LLC Notice of Formation of PACT13 LLC. upon whom process against it may LEGAL NOTICES Arts. of Org. filed with Secy. of State be served. SSNY shall mail process of NY (SSNY) on 9/8/11. Office loca- to: The LLC, 44-02 23rd St., 508, MICHAEL R. BLOOMBERG tion: NY County. SSNY designated Long Island City, NY 11101. Notice of Qualification of IndCor Mayor as agent of LLC upon whom process Purpose: any lawful activity. Management - Allagash, L.P. Authority against it may be served. SSNY shall MATHEW M. WAMBUA mail process to: 187 Lafayette St., TRICKSTER FIGURE FILMS LLC, a filed with NY Dept. of State on 8/5/11. nyc.gov/hpd Commissioner Office location: NY County. Princ. bus. 4th Fl., NY, NY 10013. Purpose: any domestic Limited Liability Company addr.: 2 N. Riverside Plz., Ste. 2100, lawful activity. (LLC), filed with the Sec of State of Chicago, IL 60606. LP formed in DE NY on 7/8/11. NY Office location: New on 5/23/11. NY Sec. of State designat- Notice of Formation of RHAPSODIE 2, P-S-P SERVICES, LLC, a domestic NOTICE OF FORMATION of SMART York County. SSNY is designated as ed agent of LP upon whom process LLC. Arts. of Org. filed with Secy. of Limited Liability Company (LLC), AGE SOLUTIONS, LLC. Articles of Org. agent upon whom process against against it may be served and shall State of NY (SSNY) on 9/19/11. Office filed with the Sec of State of NY on filed with Secy. of State of NY (SSNY) the LLC may be served. SSNY shall mail process to: CT Corporation location: NY County. Princ. office of 5/2/11. NY Office location: New on 05/06/11. Office location: New York mail a copy of any process against the System, 111 8th Ave., NY, NY 10011. LLC: Sanders Ortoli Vaughn-Flam York County. SSNY is designated as County. SSNY designated as agent of LLC served upon him/her to Loring DE addr. of LP: The Corporation Trust Rosenstadt LLP, 501 Madison Ave., agent upon whom process against LLC upon whom process against it may Mcalpin, 39 Great Jones St., #7, NY, Co., 1209 Orange St., Wilmington, DE 14th Fl., NY, NY 10022-5616. SSNY the LLC may be served. SSNY shall be served. SSNY shall mail process NY 10012. General Purposes. 19801. Name/addr. of genl. ptr. avail- designated as agent of LLC upon mail a copy of any process against to: Emmanuel Raheb, 1212 Avenue able from NY Sec. of State. Cert. of whom process against it may be the LLC served upon him/her to The of the Americas, New York, NY 10036. NOTICE OF FORMATION of STORE- LP filed with DE Sec. of State, 401 served. SSNY shall mail process to LLC, 327 W. 36th St., Ste. 400, NY, Purpose: Any lawful activity. FRONT SCIENCE, LLC. Article of Federal St., Dover, DE 19901. the LLC at the addr. of its princ. NY 10018. General Purposes. Latest Organization filed with Sec’y of State Purpose: all lawful purposes. office. Purpose: Any lawful activity. date to dissolve 5/2/2041. Notice of Formation of KNOCKOUT of NY (SSNY) on 08/19/2011. Office REDHEAD, LLC. Arts. of Org. filed Location: NY County. SSNY has been with Secy. of State of NY (SSNY) on designated as agent of the LLC upon STEVEN J. POSKAR M.D., PLLC, a NOTICE OF FORMATION OF Gerard Notice of Formation Apparel Bridge 7/29/2011. Office location: NY whom process against it may be served. domestic Professional Limited Capital, LLC. Arts of Org filed with LLC Arts. of Org. filed with SSNY County. Princ. office of LLC: 301 W. SSNY shall mail process to: The LLC, Liability Company (PLLC), filed with the Secy of State of NY (SSNY) on 8/5/2011. Off. Loc.: New York Cnty. 108th St.- Ste. 6A, NY, NY 10025. 730 Ft. Washington Ave, 6C, NY, NY the Sec of State of NY (SSNY) on 05/09/11. Ofc loc: NY Cty. SSNY SSNY designated as agent of LLC SSNY designated as agent of LLC 10040. Purpose: any lawful activities. 8/16/11. NY office Location: New desig. agent upon whom process whom process may be served. SSNY upon whom process against it may York County. SSNY is designated as may be served and shall mail process shall mail process to: c/o the LLC, 1407 be served. SSNY shall mail process agent upon whom process against to: United States Corp Agents, Inc., Broadway, Ste. 1101, New York, NY Notice of Qualification of Eyefly LLC. to the LLC at the addr. of its princ. the PLLC may be served. SSNY shall 7014 13th Ave, Ste 202, Bklyn, NY 10018. Purpose: all lawful activities. Authority filed with NY Dept. of State office. Purpose: Any lawful activity. mail a copy of any process against 11228. Princ bus addr: 300 E 40th on 1/5/11. Office location: NY County. the PLLC served upon him/her to St., #7D NY, NY 10016. Purpose: any NOTICE OF FORMATION OF Jessica LLC formed in DE on 1/4/11. NY Sec. Steven Poskar, 901 5th Ave., NY, NY lawful acts. Robinson Jewelry, LLC. Arts of Org Notice of Formation of 22 ML Group, of State designated agent of LLC 10021. Purpose: Medicine. filed with the Secy of State of NY LLC. Arts. of Org. filed with NY Dept. upon whom process against it may be Notice of Mediactive Group LLC filed (SSNY) on 08/01/11. Office loc: NY Cty. of State on 5/24/11. Office location: served and shall mail process to the with the Secy. of State of NY (SSNY) SSNY designated as agent upon whom NY County. Princ. bus. addr.: 600 principal business addr.: 42 W. 39th Notice is hereby given that a license on August 26, 2011. Office location: process may be served and shall mail Madison Ave., 17th Fl., NY, NY 10022. St., 9th Fl., NY, NY 10016. DE addr. of (#TBA) for LIQUOR has been applied New York County. SSNY designated process to the principal business Sec. of State designated agent of LLC LLC: The Corporation Trust Co., 1209 for by WOLF WESTSIDE LLC at retail, as agent of LLC upon whom process address: c/o Jessica Robinson, 10 E upon whom process against it may Orange St., Wilmington, DE 19801. in a Restaurant, under the ABC Law against it may be served. SSNY shall 13th St, Apt PHG, NY, NY 10003. be served and shall mail process to: Cert. of Form. filed with DE Sec. of at 620 8 AVE. RETAIL SPACE C NY, NY mail process to: Barton Barton & Purpose: any lawful acts. c/o CT Corporation System, 111 8th State, P.O. Box 898, Dover, DE 19903. 10018 for on-premises consumption. Plotkin LLP, 420 Lexington Avenue, Ave., NY, NY 10011, regd. agent Purpose: all lawful purposes 18th Floor, New York, New York. Notice of Qualification of GENERAL upon whom process may be served. Notice of Qualification of MBD 2011 Purpose: any lawful activity. SMALL BUSINESS PARTNER, LLC. Purpose: any lawful activity. Notice of Qualification of GP HOLDCO, Holdings, L.P. App. for Auth. filed Authority filed with Secy. of State of LLC. Authority filed with Secy. of with Secy. of State of NY (SSNY) on NOTICE OF QUALIFICATION OF NY (SSNY) on 8/23/11. Office location: NOTICE OF FORMATION OF State of NY (SSNY) on 8/25/11. 7/11/11. Office location: NY County. Halcyon Management Acquisition NY County. LLC formed in Delaware Roubaix Bike Lounge. Articles of Office location: NY County. LLC LP formed in Cayman Islands (CI) on Company LLC. App. for Authority filed (DE) on 3/17/11. Princ. office of LLC: Organization filed with the Secretary formed in Delaware (DE) on 3/28/07. 5/31/11. SSNY designated as agent with the Sect. of State of NY (SSNY) c/o Healthcare Finance Group, LLC, of State of NY (SSNY) on June 23, SSNY designated as agent of LLC of LP upon whom process against it on 8/9/11. N.Y. Office Loc: NY County. 199 Water St., 31st Fl., NY, NY 10038. 2011. Office location: NEW YORK upon whom process against it may may be served. SSNY shall mail LLC formed in DE on 12/8/2009. SSNY SSNY designated as agent of LLC County. SSNY has been designated be served. SSNY shall mail process process to: 200 West St., NY, NY has been designated as agent of LLC upon whom process against it may be as agent upon whom process to c/o Corporation Service Co. 10282. CI address of LP: Maples upon process against it may be served served. SSNY shall mail process to against it may be served. The Post (CSC), 80 State St., Albany, NY Corporate Services Ltd., P.O. Box and shall mail process to: c/o Walkers the LLC at the addr. of its princ. office. Office address to which the SSNY 12207, regd. agent upon whom and 309, Ugland House, Grand Cayman, Corporate Services Delaware Ltd. 200 DE addr. of LLC: c/o Corporation shall mail a copy of any process at which process may be served. DE KY1-1104, CI. Name/address of each Bellevue Pkwy, Ste 170, Wilmington, Service Co., 2711 Centerville Rd., Ste. against the LLC served upon him/her addr. of LLC: 2711 Centerville Rd., genl. ptr. available from SSNY. Cert. of DE 19809. DE addr. of LLC: 200 400, Wilmington, DE 19808. Cert. of is: 223 West 21st. Street, Apt. 5L, Ste. 400, Wilmington, DE 19808. LP filed with Registrar of Exempted Bellevue Pkwy, Ste 170, Wilmington, Form. filed with Secy. of State of DE, New York, NY 10011. The principal Cert. of Form. filed with Secy. of LPs, Elizabethan Sq., 4th Fl., Phase 19809. Cert. of Form. filed with DE Div. of Corps., John G. Townsend Bldg., business address of the LLC is: to State of DE, Townsend Bldg., Four, George Town, Grand Cayman, Sect. of State, PO Box 898, Dover, DE 401 Federal St., Ste. 4, Dover, DE be determined in New York City. Federal & York, Dover, DE 19901. CI. Purpose: any lawful activity. 19903. Purpose: any lawful activity. 19901. Purpose: Any lawful activity. Purpose: any lawful act or activity. Purpose: Any lawful activity.

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PUBLIC & LEGAL NOTICES

NOTICE OF QUALIFICATION OF NOTICE OF QUALIFICATION of NOTICE OF QUALIFICATION of Notice of Application for Authority of Notice of Application of Foreign Halcyon Loan Trading Fund LLC. App. Brightwood Capital SBIC I, LP. DMW3 Associates, LLC. App for Bowside Capital Fund II, L.P. (LP) Limited Liability Company of Bowside for Authority filed with the Sect. of Application for Authority filed with the Auth filed with the Secy of State of Authority filed with NY Secretary of Fund II GP, LLC (LLC) Authority filed State of NY (SSNY) on 8/10/11. N.Y. Secretary of State of New York (SSNY) NY (SSNY) on 7/21/11. Office loc: NY State (SSNY): August 1st 2011. LP with NY Secretary of State (SSNY): Office Loc: NY County. LLC formed on 08/16/2011. Office location: New Cty. LLC formed CT on 5/5/11. SSNY organized in Delaware on June 15, August 1st, 2011. LLC organized in in DE on 7/14/11. SSNY has been York County. LP formed in DE on designated as an agent upon whom 2011. NY Office location: New York Delaware on June 15, 2011. NY Office designated as agent of LLC upon 03/14/2011. SSNY has been designated process may be served and shall mail County, New York. Principal bus. location: New York County, New York. process against it may be served and as an agent upon whom process process to the principal business location: c/o Bowside Fund II GP, Principal bus. location: c/o Bowside shall mail process to: c/o Walkers against it may be served. The Post address: 28 Tarrywile Lake Rd, LLC, 954 Lexington Ave., #301, NY, Capital, LLC, 954 Lexington Ave., #301, Corporate Services Delaware Ltd., 200 Office address to which the SSNY shall Danbury, CT 06810. CT address of NY 10021. SSNY designated as agent NY, NY 10021. SSNY designated as Bellevue Pkwy, Ste 170, Wilmington, mail a copy of any process against LLC: 28 Tarrywile Lake Rd, Danbury, of LP upon whom process against it agent of LLC upon whom process DE 19809. DE addr. of LLC: 200 the LP served upon him/her is: c/o CT CT 06810. Certificate of LLC filed may be served. SSNY shall mail copy against it may be served. SSNY shall Bellevue Pkwy, Ste 170, Wilmington, Corporation System, 111 Eighth with Secy of State of CT located at of process to c/o Bowside Fund II GP, mail copy of process to c/o Bowside 19809. Cert. of Form filed with DE Avenue, New York, NY 10011. The Office of the Secy of State, State of LLC, 954 Lexington Ave., #301, NY, Capital, LLC, 954 Lexington Ave., #301, Sect. of State, PO Box 898, Dover, DE principal business address of the LP CT, 30 Trinity St. Hartford, CT 06115. NY 10021, is the registered agent of NY, NY 10021. Name and address of 19903. Purpose: any lawful activity. is: 1221 Avenue of the Americas, 15th Purpose: any lawful acts. LP upon whom process against it may each general partner is available from Floor, New York, NY 10020. Delaware be served. Name and address of each SSNY. DE addr. of LLC: 2711 NOTICE OF FORMATION OF address of LP: c/o The Corporation Notice of Qualification of 399 Services general partner is available from SSNY. Centerville Rd., Ste. 400, Wilmington, Eleanore T. Kim, M.D., PLLC. Arts of Trust Company, 1209 Orange Street, LLC. Authority filed with NY Dept. of DE addr. Of LP: c/o Corporation DE 19808. Cert. of LP on file with Org filed with the Secy of State of Wilmington, DE 19801. Certificate of State on 8/31/11. Office location: NY Service Co, 2711 Centerville Rd., Ste. Jeffrey W. Bullock, Secy. Of State, Div. NY (SSNY) on 08/22/11. Office loc: LP filed with Secretary of State of County. Princ. bus. addr.: 800 400, Wilmington, DE 19808. Cert. of of Corps, John G. Townsend Bldg., NY Cty. SSNY designated as agent Delaware located at: Federal and Duke Boylston St., Ste. 1900, Boston, MA LP on file with Jeffrey W. Bullock, 401 Federal St-Ste. 4, Dover, DE upon whom process may be served of York Streets, Dover, DE 19901. 02199. LLC formed in DE on 8/29/11. Secy. Of State, Div. of Corps, John 19901. Purpose: Any lawful activity. and shall mail process to: 330 E 33rd Purpose: any lawful act or activity. NY Sec. of State designated agent of G. Townsend Bldg., 401 Federal St- St, Apt 3C, NY, NY 10016. Principal LLC upon whom process against it Ste. 4, Dover, DE 19901. Purpose: Notice of Qualification of Queenscliff business address: 760 Park Ave, NY, NOTICE OF FORMATION OF RANC may be served and shall mail process Any lawful activity. Fund LP. App. for Auth. filed with NY 10021. Purpose: any lawful acts. NY, LLC. Arts of Org filed with the to: c/o CT Corporation System, 111 Secy. of State of NY (SSNY) on Secy of State of NY (SSNY) on 8th Ave., NY, NY 10011, regd. agent Notice of Formation of OH SOUND- 8/11/11. Office location: NY County. NOTICE OF FORMATION OF MAXIM 7/27/2011. Office location: NY County. upon whom process may be served. VIEW AVENUE, L.P. Certificate filed LP formed in Delaware (DE) on 6/7/11. INSTITUTE, LLC. Articles of Org. filed SSNY has been designated as agent DE addr. of LLC: 1209 Orange St., with Secy. of State of N.Y. (SSNY) on SSNY designated as agent of LP upon NY Secy. of State (SSNY) 7/6/2011, upon whom process may be served Wilmington, DE 19801. Cert. of Form. 5/7/10. Office location: New York whom process against it may be Office in NY Co. SSNY designated and shall mail a copy of any process filed with DE Sec. of State, 401 County. SSNY designated as agent of served. SSNY shall mail process to: agent of LLC upon whom process to the principal business address: 140 Federal St., Dover, DE 19901. LP upon whom process against it may 900 Third Ave., Ste. 201-10, NY, NY may be served. SSNY shall mail copy E 40th St, APT 8H, NY, NY, 10016. Purpose: all lawful purposes. be served. SSNY shall mail process 10022. DE address of LP: National of process to the LLC 41 Elizabeth Purpose: any lawful acts. to: The LP, 95 Pine St., 17th Fl., New Corporate Research, Ltd., 615 South St, Ste 505, NY, NY 10013. Purpose: Notice of Formation of 1510 2nd York, NY 10005. Name/address of DuPont Hwy., Dover, DE 19901. any lawful act. Notice of Formation of TICKET Avenue LLC amended to BLDG 1510 each genl. ptr. available from SSNY. Name/address of each genl. ptr. BOOSTER, LLC. Arts Of Org filed 2ND AVENUE LLC. Arts. of Org. filed Term: until 12/31/2057. Purpose: any available from SSNY. Cert. of LP filed NOTICE OF FORMATION OF Classic with Secy Of State of NY (SSNY) on with Secy. of State of NY (SSNY) on lawful activity. with DE Secy. of State, Townsend Art International LLC. Arts of Org June 17, 2011. Office location: NY 8/12/11. Office location: NY County. Bldg., Dover, DE 19901. Purpose: filed with the Secy of State of NY County. SSNY designated as Agent SSNY designated as agent of LLC GLENER HOLDINGS LLC, a domestic any lawful activity. (SSNY) on 7/8/11. Office location: NY upon whom process against it may upon whom process against it may Limited Liability Company (LLC), filed Cty. SSNY designated as agent upon be served. SSNY shall mail process be served. SSNY shall mail process with the Sec of State of NY on 8/12/11. Notice of Formation of Toll GC II LLC. whom process may be served and to: 245 Park Ave., NY, NY 10167. to: BLDG Management Co., Inc., 417 NY Office location: New York County. Arts. of Org. filed with NY Dept. of shall mail process to the principal Purpose: Any Lawful Purpose. Fifth Ave., 4th Fl., NY, NY 10016. SSNY is designated as agent upon State on 8/8/11. Office location: NY business address: 3467 Eastchester Purpose: any lawful activity. whom process against the LLC may County. Princ. bus. addr.: 250 Road #6D; Bronx, NY 10469. NOTICE OF FORMATION OF Lyn-Genet be served. SSNY shall mail a copy of Gibraltar Rd., Horsham, PA 19044. Purpose: any lawful acts. The Plan LLC. Arts of Org filed with SUTTON EQUITY INVESTMENTS any process against the LLC served Sec. of State designated agent of the Secy of State of NY (SSNY) on LLC, a domestic LLC. Arts. of Org. upon him/her to Regosin Edwards LLC upon whom process against it Notice of Formation of Partyology, 7/11/11. Office loc: NY Cty. SSNY filed with the SSNY on 08/16/2011. Stone & Feder, 225 Broadway, Ste. 613, may be served and shall mail LLC. Articles of Org. filed with Secy. designated as agent upon whom Office location: NY County. SSNY NY, NY 10007. General Purposes process to: c/o CT Corporation of State of NY (SSNY) on 04/27/11. process may be served and shall mail has been designated as agent upon System, 111 8th Ave., NY, NY 10011. Office loc.: NY Co. SSNY designated process to the principal business whom process against the LLC may Notice of Formation of CHELSEA Purpose: any lawful activity. as agent of LLC upon whom process address: United States Corporation be served. SSNY shall mail process HOME 1 LLC. Arts. of Org. filed with against it may be served. SSNY shall Agents, Inc. 7014 13th Ave. Suite 202, to: 411 E 53rd St. 6G, NY, NY 10022. Secy. of State of NY (SSNY) on 8/23/11. Notice of Formation of Town 79th mail process to the LLC, c/o Brooklyn, NY 11228. Purpose: any Purpose: Any Lawful Purpose. Office location: NY County. Princ. Street, LLC. Arts. of Org. filed with Robinson Brog, et al., Attn: Marshall lawful acts. office of LLC: 305 W. 16th St., 5G, NY, Secy. of State of NY (SSNY) on J. Gluck, Esq., 875 Third Ave, 9th Fl, Notice is hereby given that an appli- NY 10011-5985. SSNY designated 5/27/11. Office location: NY Co. SSNY New York, NY 10022. Purpose: any Notice of Qualification of PDT Capital cation for a Restaurant Wine License as agent of LLC upon whom process designated as agent of LLC upon lawful act or activity. Group, L.P. App. for Auth. filed with has been submitted to the New York against it may be served. SSNY shall whom process against it may be Secy. of State of NY (SSNY) on 7/1/11. State Liquor Authority for Lukes mail process to Corporation Service served. SSNY shall mail process to: NOTICE OF FORMATION OF Tripp Office location: NY County. LP formed Lobster VI, LLC d/b/a Luke’s Lobster Co., 80 State St., Albany, NY 12257- c/o National Registered Agents, Inc., Capital LLC. Arts of Org filed with the in Delaware (DE) on 10/14/10. SSNY to sell liquor at retail for on-premises 2543. Purpose: Real estate. 875 Ave. of the Americas, Ste. 501, Secy of State of NY (SSNY) on designated as agent of LP upon whom consumption at 26 William Street, NY, NY 10001, also the registered 7/21/11. Office location: NY County. process against it may be served. New York, NY 10004 under the Notice of Formation of 15 Vellano agent. Purpose: any lawful activities. SSNY has been designated as agent SSNY shall mail process to: 1585 Alcoholic Beverage Control Law. Drive LLC. Arts. of Org. filed with Secy. upon whom process may be served Broadway, 9th Fl., NY, NY 10036, of State of NY (SSNY) on 7/29/11. Notice of Formation of 147 West 86 and shall mail a copy of any process Attn: Dede Welles. DE address of LP: ML PRESERVATION PARTNERS, LLC, Office location: NY County. SSNY Street LLC. Arts. of Org. filed with to the principal business address: 1209 Orange St., Wilmington, DE a domestic LLC. Arts. of Org. filed designated as agent of LLC upon Secy. of State of NY (SSNY) on 8/30/11. 125 E. 82nd St - 9th Fl, NY, NY 19801. Name/address of each genl. with the SSNY on 06/23/2011. Office whom process against it may be Office location: NY Co. SSNY desig- 10028. Purpose: any lawful acts. ptr. available from SSNY. Cert. of LP location: NY County. SSNY has been served. SSNY shall mail process to: nated as agent of LLC upon whom filed with DE Secy. of State, P.O. Box designated as agent upon whom c/o Shamberg Marwell Davis & Hollis, process against it may be served. Notice of formation of CITY MASSAGE 898, Dover, DE 19903. Purpose: any process against the LLC may be 55 Smith Ave., Mt. Kisco, NY 10549, SSNY shall mail process to: The LLC, THERAPY LLC. Articles of Organiza- lawful activity. served. SSNY shall mail process to: Attn: John S. Marwell, Esq. Purpose: 340 West 86th St., Apt. 11A, NY, NY tion filed with the Secretary of State Keith Chan Peter Lau Wallace any lawful activity. 10024. Purpose: any lawful activities. of NY (SSNY) on 8/19/2011. Office Notice of formation of 1619 THIRD Giakas, 48 Wall St, 11th Fl, NY, NY location: NEW YORK County. SSNY AVENUE UNIT 15D LLC, a domestic 10005. Purpose: Any Lawful Purpose. Notice of Formation of NUMBER NOTICE OF FORMATION OF Answer has been designated as agent upon Limited LIability Company (LLC). TWENTY LLC. Arts. of Org. filed with Tree Genealogy, LLC. Arts of Org whom process against it may be Articles of Organization filed with the Notice of Formation of Aviv Secy. of State of NY (SSNY) on filed with the Secy of State of NY served. The Post Office address to Secretary of State on August 24, 2011. Associates, LLC. Arts. of Org. filed 9/9/11. Office location: NY County. (SSNY) on 8/11/11. Ofc. loc. NY Cty. which the SSNY shall mail a copy of NY Office Location: New York County. with Secy. of State of NY (SSNY) on Princ. office of LLC: 149 Madison SSNY designated as agent upon any process against the LLC served Secretary of State is designated as 6/9/11. Office location: NY County. Ave., 7th Fl., NY, NY 10016. SSNY whom process may be served and upon him/her is: Beatrix Czagany, agent upon whom process against SSNY designated as agent of LLC designated as agent of LLC upon shall mail process to the principal 139 Fulton Street #208, New York, the LLC may be served. Secretary of upon whom process against it may whom process against it may be business addr: Erin Verkhovsky NY 10038. Existence is Perpetual. State shall mail a copy of any be served. SSNY shall mail process served. SSNY shall mail process to Finelli, Answer Tree Genealogy, 1930 Purpose: any lawful act or activity. process against the LLC served upon to: c/o R.A. Cohen & Associates, the LLC at the addr. of its princ. Broadway, Apt 16G, NY, NY 10023. him/her to: P.O. Box 39, Wyckoff, Inc., 60 E. 42nd St., Ste. 850, NY, NY office. Purpose: Any lawful activity. Purpose: any lawful acts. Notice of Qualification of Krossover New Jersey 07841. Purpose: To 10165. Purpose: any lawful activity. Entertainment, LLC. Fictitious name: engage in any lawful act or activity. Notice of Qualification of Notice of Qualification of SYDLING KOE LLC. Authority filed with Secy. of Notice of Qualification of Bedrocket WorkflowOne LLC. Authority filed FUTURES MANAGEMENT LLC. State of NY (SSNY) on 7/20/11. Office Notice of Qualification of Lipstick Media Ventures, LLC. Authority filed with Secy. of State of NY (SSNY) on Authority filed with Secy. of State of NY location: NY County. LLC formed in Management LLC. Authority filed with NY Dept. of State on 7/27/11. 3/4/11. Office location: NY County. (SSNY) on 8/5/11. Office location: NY Delaware (DE) on 8/10/05. SSNY with Secy. of State of N.Y. (SSNY) on Office location: NY County. Princ. LLC formed in Delaware (DE) on County. LLC formed in Delaware (DE) designated as agent of LLC upon 5/26/11. Office location: New York bus. addr.: 401 W. 14th St., 4th Fl., 2/1/11. Princ. office of LLC: 220 E. on 8/4/11. Princ. office of LLC: Attn: whom process against it may be County. LLC formed in Delaware (DE) NY, NY 10014. LLC formed in DE on Monument Ave., Dayton, OH 45402. Jerry Pascucci, 1285 Ave. of the served. SSNY shall mail process to: on 11/12/10. SSNY designated as 3/19/10. NY Sec. of State designated SSNY designated as agent of LLC Americas, NY, NY 10019. SSNY Adam W. Rosen, Esq., 9454 Wilshire agent of LLC upon whom process agent of LLC upon whom process upon whom process against it may be designated as agent of LLC upon Blvd., Penthouse, Beverly Hills, CA against it may be served. SSNY shall against it may be served and shall served. SSNY shall mail process to whom process against it may be 90212. Principal office address: mail process to: c/o Stern & Zingman mail process to: c/o CT Corporation c/o Corporation Service Co., 80 State served. SSNY shall mail process to the 1880 Century Park E., Ste. 1600, LLP, 331 Madison Ave., 2nd Fl., NY, System, 111 8th Ave., NY, NY 10011, St., Albany, NY 12207-2543. DE addr. LLC at the princ. office of the LLC. DE Los Angeles, CA 90067. Address to NY 10017. DE address of LLC: c/o regd. agent upon whom process may of LLC: 2711 Centerville Rd., Ste. 400, addr. of LLC: c/o Corporation Service be maintained in DE: Corporation Corporate Creations Network Inc., be served. DE addr. of LLC: 2711 Wilmington, DE 19808. Cert. of Form. Co., 2711 Centerville Rd., Ste. 400, Trust Center, 1209 Orange St., 3411 Silverside Rd., Rodney Bldg Centerville Rd., Ste. 400, Wilmington, filed with DE Secy. of State, Div of Wilmington, DE 19808. Cert. of Form. Wilmington, DE 19801. Arts of Org. #104, Wilmington, DE 19810. Arts. of DE 19808. Cert. of Form. filed with Corps., Townsend Bldg., Dover, DE filed with DE Secy. of State, Div. of filed with the DE Secretary of State, Org. filed with DE Secy. of State, DE Sec. of State, Federal & Duke of 19901. Purpose: Managed print and Corps., John G. Townsend Bldg., 401 PO Box 898, Dover, DE 19903. Townsend Bldg., Dover, DE 19901. York Sts., Dover, DE 19901. Purpose: promotional marketing services; Federal St., Ste. 4, Dover, DE 19901. Purpose: any lawful activities. Purpose: any lawful activity. all lawful purposes. document solutions and services. Purpose: Any lawful activity.

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PUBLIC & LEGAL NOTICES

NOTICE OF QUALIFICATION of Gate Notice of Qualification of Kal-Vin Notice of Qualification of ESR HOLDINGS NOTICE OF QUALIFICATION of NOTICE OF FORMATION of Fifteen Five LLC. App. for Auth. filed with Construction Management, LLC. LLC. Authority filed with Secy. of State Adakin Masters, LLC. Authority filed Degrees LLC. Articles of Organization Secy. of State of NY (SSNY) on Authority filed with NY Dept. of State of NY (SSNY) on 8/5/11. Office location: with Secretary of State of NY (SSNY) filed with the Secretary of State of NY 07/19/2011. Office location: NY on 7/8/11. Office location: NY County. NY County. LLC formed in Delaware on 08/01/11. Office location: NY (SSNY) on 06/29/11. Office location: County. LLC formed in Delaware (DE) LLC formed in NH on 5/10/11. NY Sec. (DE) on 10/16/08. Princ. office of LLC: County, LLC formed in Delaware (DE) NY County. SSNY has been desig- on 05/03/2010. SSNY designated as of State designated agent of LLC 485 Madison Ave., 23rd Fl., NY, NY on 07/15/11. SSNY designated as nated as agent upon whom process agent of LLC upon whom process upon whom process against it may 10022. SSNY designated as agent of agent of LLC upon whom process against it may be served. The Post against it may be served. SSNY shall be served and shall mail process to: LLC upon whom process against it may against it may be served and shall mail Office address to which the SSNY mail process to: 233 Broadway, 21st c/o CT Corporation System, 111 8th be served. SSNY shall mail process to process to the principal business addr.: shall mail a copy of any process Floor, NY, NY 10279. DE address of Ave., NY, NY 10011, regd. agent c/o Corporation Service Co., 80 State 212 E. 39th St., NY, NY 10016, Attn: against the LLC served upon him is LLC: c/o Corporation Service Co., upon whom process may be served. St., Albany, NY 12207-2543. DE addr. Jonathan D. Abbey, regd. agt. upon C/O Michael McLaurin, 27 East 21st 2711 Centerville Rd., Ste. 400, NH and principal business addr.: 66 of LLC: 2711 Centerville Rd., Ste. 400, whom process may be served. DE Street, Suite 200, New York, NY Wilmington, DE 19808. Cert. of Form. Dracut Rd., Hudson, NH 03051. Cert. Wilmington, DE 19808. Cert. of Form. addr. Of LLC: 160 Greentree Drive, 10010. Purpose of LLC: to engage filed with the DE Secy. of State, P.O. of Org. filed with NH Sec. of State, filed with Secy. of State of DE, 401 Suite 101, Dover, DE 19904. Arts. of in any lawful act or activity. Street Box 898, Dover, DE 19903. Purpose: 107 N. Main St., Concord, NH Federal St., Ste. 4, Dover, DE 19901. Org. filed with DE Sec. of State, 401 address of Principal Business loca- any lawful activity. 03301. Purpose: all lawful purposes. Purpose: Any lawful activity. Federal St., Ste. 4, Dover, DE 19901. tion is: 27 East 21st Street, Suite Purpose: any lawful activity. 200, New York, NY 10010. NOTICE OF FORMATION OF LIMITED OPPCAP GROUP LLC, a foreign Notice of formation of Newhouse LIABILITY COMPANY. NAME: Limited Liability Company (LLC) filed Enterprise LLC. Arts of Org filed with GELILA BEKELE LLC, a domestic Notice of Formation of BESPOKE ABSOLUTE BEST CARE TRADEMARKS, with the Sec of State of NY (SSNY) on the Secy of State of NY (SSNY) on Limited Liability Company (LLC), filed THEATRICALS LLC. Arts. of Org. filed LLC. Articles of Organization were 4/15/11. NY office Location: New 7/22/2011. Office loc: NY Cty. SSNY with the Sec of State of NY on with Secy. of State of NY (SSNY) on filed with the Secretary of State of York County. SSNY is designated as designated as agent upon whom 7/27/11. NY Office location: New 8/9/11. Office location: NY County. New York (SSNY) on 07/15/11. Office agent upon whom process against process may be served and shall mail York County. SSNY is designated as Princ. office of LLC: 230 W. 41st St., location: New York County. SSNY has the LLC may be served. SSNY shall process to: United States Corporation agent upon whom process against Ste. 1703, NY, NY 10036. SSNY des- been designated as agent of the LLC mail a copy of any process against the Agents Inc., 7014 13th Ave, Suite 202, the LLC may be served. SSNY shall ignated as agent of LLC upon whom upon whom process against it may be LLC served upon him/her to Francis Brooklyn 11228. Principal business mail a copy of any process against process against it may be served. SSNY served. SSNY shall mail a copy of Hager, 14 Deer Path Ln., Berkeley address: 200 Rector Pl #36N, NY, NY the LLC served upon him/her to shall mail process to M. Graham process to the LLC, 274 Madison Hts., NJ 07922. General purposes. 10280. Purpose: any lawful activities. Gelila Bekele, 310 E. 53rd St., #28A, Coleman, Esq., Davis Wright Tremaine Avenue, New York, New York 10016. NY, NY 10022. General Purposes. LLP, 1633 Broadway, 27th Fl., NY, NY Purpose: For any lawful purpose. HEALTHYUS, LLC Articles of Notice of Formation of Paradise 10019. Purpose: Any lawful activity. Organization filed with NY Sec. of Jerome, LLC. Articles of Org. filed Notice of Formation of TWO HUSTLERS Notice of Qualification of DOBBS State (SSNY) 7/26/2011. Office is with Secy. of State of NY (SSNY) on LLC. Arts. of Org. filed with Secy. of JGL NORTH AMERICA LLC, a FERRY SHOPPING LLC. Authority located in NY Co. SSNY designated 07/13/11. Office loc.: NY Co. SSNY State of NY (SSNY) on 8/17/11. domestic Limited Liability Company filed with Secy. of State of NY (SSNY) as agent of the LLC upon whom designated as agent of LLC upon Office location: NY County. Princ. (LLC), filed with the Sec of State of on 8/4/11. Office location: NY County. process may be served. SSNY shall whom process against it may be office of LLC: 29 Greene St., NY, NY NY on 2/10/11. NY Office location: LLC formed in Delaware (DE) on mail copy of process to Attn: Henry served. SSNY shall mail process to the 10013. SSNY designated as agent of New York County. SSNY is designated 7/29/11. SSNY designated as agent Eng, 175 W. 12TH St., #14J, NY, NY LLC, c/o Robinson Brog, et al., Attn: LLC upon whom process against it as agent upon whom process against of LLC upon whom process against it 10011. Purpose: Any lawful purpose. Neil S. Goldstein, Esq., 875 Third Ave., may be served. SSNY shall mail the LLC may be served. SSNY shall may be served. SSNY shall mail 9th Fl, New York, NY 10022. Purpose: process to Davis Wright Tremaine mail a copy of any process against process to c/o Corporation Service Co., NOTICE OF FORMATION of Sibling any lawful act or activity. LLP, 1633 Broadway, 27th Fl., NY, NY the LLC served upon him/her to The 80 State St., Albany, NY 12207-2543. Rivalry Design LLC. Arts. of Org. filed 10019. Purpose: Any lawful activity. LLC, 310 W. 79th St., Apt. 8ER, NY, DE addr. of LLC: 2711 Centerville Rd., with the Sec. of State of NY (SSNY) Notice of Formation of EGA76, LLC. NY 10024. General Purposes. Ste. 400, Wilmington, DE 19808. Cert. 7/19/11. Office location: New York Co. Arts. of Org. filed with Secy. of State NOTICE OF FORMATION OF DRYBAR of Form. filed with Secy. of State of SSNY designated as agent of LLC of NY (SSNY) on 8/15/11. Office 56th STREET LLC. Arts of Org filed Notice of Formation of Worldwide DE, 401 Federal St., Ste. 4, Dover, DE upon whom process against it may location: NY County. Princ. office of with the Secy of State of NY (SSNY) Food Solutions LLC. Articles of 19901. Purpose: Any lawful activity. be served, and shall mail process to: LLC: 1057 First Ave., NY, NY 10022. on 05/20/11. Office loc: Ny Cty. SSNY Organization filed with the Secretary c/o Stuart A. Ditsky, 475 Park Avenue SSNY designated as agent of LLC designated as agent upon whom of State of New York (SSNY) on Notice of Formation of Local South, 24th Floor, New York, NY 10016. upon whom process against it may be process may be served and shall mail 06/10/2011. Office location: NY Telecommunications Services - NY, Purpose: Any lawful business. served. SSNY shall mail process to a copy of any process to: c/o Business County. SSNY has been designated LLC. Arts. of Org. filed with Secy. of Janet Giaimo Vitale at the princ. office Filings Inc. 187 Wolf Rd, Ste 101, as agent of the LLC upon whom State of NY (SSNY) on 6/17/11. Office Notice of Formation of Wells Newell of the LLC. Purpose: Any lawful activity. Albany, NY 12205. Principal business process against it may be served. location: NY County. SSNY designated Realty LLC. Arts. of Org. filed with address: 119 W. 56th Street, NY, NY SSNY shall mail a copy of process to as agent of LLC upon whom process Secy. of State of NY (SSNY) on Notice of Formation of Matthew L. 10019. Purpose: any lawful acts. the LLC, 17 Battery Place, Suite 640, against it may be served. SSNY shall 2/9/11. Office location: NY County. Levine, PLLC. Arts. of Org. filed with New York, NY 10004. Purpose: Any mail process to: The LLC, 51 E. 42nd SSNY designated as agent of LLC Secy. of State of NY (SSNY) on 7/7/11. Notice of Qualification of Ring Capital lawful purpose or activity. St., Ste. 411, NY, NY 10017. upon whom process against it may Office location: NY Co. SSNY desig- LLC. App. for Auth. filed with Secy. Notice of Formation of Times Scare Purpose: any lawful activity. be served. SSNY shall mail process nated as agent of LLC upon whom of State of NY (SSNY) on 6/15/11. NYC LLC. Arts. of Org. filed with to: c/o The LLC, 301 E. 79th St., process against it may be served. Office location: NY County. LLC Secy. of State of NY (SSNY) on Notice of Qualification of HGI Real Ste. 36J, NY, NY 10075. Purpose: SSNY shall mail process to: Matthew formed in Delaware (DE) on 3/15/11. 9/13/11. Office location: NY Co. SSNY Estate, LLC. Authority filed with NY any lawful activity. L. Levine, Esq., 565 Fifth Ave., 7th Fl., SSNY designated as agent of LLC Dept. of State on 8/4/11. Office NY, NY, 10017, also the registered upon whom process against it may be designated as agent of LLC upon location: NY County. LLC formed in Notice of Formation of ELLDAV agent. Purpose: practice the profes- served. SSNY shall mail process to: whom process against it may be DE on 6/24/11. NY Sec. of State ENTERPRISES, LLC. Arts. of Org. filed sion of law and any lawful activities. 560 Lexington Ave., 16th Fl., NY, NY served. SSNY shall mail process to: designated agent of LLC upon whom with Secy. of State of NY (SSNY) on 10022. DE address of LLC: 615 South Frank Cresci Jr., 300 W 43rd St., #400, process against it may be served and 8/9/11. Office location: NY County. FASHION FINDERS LLC, a domestic DuPont Hwy., Dover, DE 19901. Arts. NY, NY 10036, also the registered shall mail process to: CT Corporation Princ. office of LLC: c/o Leo Limited Liability Company (LLC), filed of Org. filed with DE Secy. of State, agent. Purpose: any lawful activities. System, 111 8th Ave., NY, NY 10011. with the Sec of State of NY on 6/17/11. Townsend Bldg., Dover, DE 19901. Schachter Diamonds, LLC, 529 Fifth Notice of Qualification of AAA ENERGY DE address of LLC: 1209 Orange St., Ave., NY, NY 10017. SSNY designated NY Office location: New York County. Purpose: any lawful activity. Wilmington, DE 19801. Cert. of SSNY is designated as agent upon OPPORTUNITIES FUND LLC. Authority as agent of LLC upon whom process Notice of Qualification of filed with Secy. of State of NY (SSNY) Form. filed with DE Sec. of State, against it may be served. SSNY shall whom process against the LLC may 401 Federal St., Dover, DE 19901. be served. SSNY shall mail a copy of Knickerbocker Hotel Leasing GP, on 8/12/11. Office location: NY County. mail process to Stanley D. Friedman, L.L.C. Authority filed with NY Dept. LLC formed in Delaware (DE) on Purpose: any lawful activity. Esq., McAloon & Friedman, P.C., 123 any process against the LLC served upon him/her to The LLC, 425 E. 58th of State on 7/25/11. Office location: 8/10/11. Princ. office of LLC: 1285 William St., NY, NY 10038. Purpose: NY County. Princ. bus. addr.: 545 E. Ave. of the Americas, NY, NY 10019. Notice of Qualification of U.S. Any lawful activity. St., NY, NY 10022. General Purposes. Residential Group LLC. Authority John Carpenter Fwy., Ste. 1300, SSNY designated as agent of LLC filed with Secy. of State of NY (SSNY) Notice of Qual. of TS Leasing LLC, Irving, TX 75062. LLC formed in DE upon whom process against it may be NOTICE OF FORMATION OF Elland on 7/22/11. NY Sec. of State desig- served. SSNY shall mail process to: on 8/8/11. Office location: NY County. Road Enterprises LLC. Arts of Org Auth. filed Sec’y of State (SSNY) LLC formed in Texas (TX) on 7/12/11. 5/26/11. Office loc.: NY County. LLC nated agent of LLC upon whom c/o Corporation Service Co., 80 State filed with the Secy of State of NY process against it may be served St., Albany, NY 12207, regd. agent SSNY designated as agent of LLC (SSNY) on 06/20/11. Office loc: KINGS org. in DE 5/23/11. SSNY desig. as upon whom process against it may agent of LLC upon whom process and shall mail process to: c/o CT upon whom and at which process may Cty. SSNY designated as agent upon Corporation System, 111 8th Ave., be served, as amended by Cert. of be served. SSNY shall mail process whom process may be served and against it may be served. SSNY shall to: The LLC, 4100 Midway Rd., mail copy of proc. to Daniel Abrams, NY, NY 10011, regd. agent upon Change filed with SSNY on 8/23/11. shall mail process to: Imelda Vasquez whom process may be served. DE DE addr. of LLC: c/o Corporation Carrollton, TX 75007, also the prin- C/O LegalZoom.com, Inc., 101 N. Atrium Holding Co., 1114 Ave of the cipal office address and address to Americas, 39th Fl., NY, NY 10036, the addr. of LLC: c/o The Corporation Service Co., 2711 Centerville Rd., Ste. Brand Blvd., 11th Fl, Glendale, CA Trust Co., 1209 Orange St., 400, Wilmington, DE 19808. Cert. of be maintained in TX. Arts of Org. 91203. Principal business address: Reg. Agt. upon whom proc. may be filed with the TX Secretary of State, served. DE off. addr.: 160 Greentree Wilmington, DE 19801. Cert. of Form. filed with DE Secy. of State, Div. 200 W 90th St, Ste 4C, NY, NY Form. filed with DE Sec. of State, of Corps., John G. Townsend Bldg., 1019 Brazos, Austin, TX 78701. 10024. Purpose: any lawful acts. Dr., Ste. 101, Dover, DE 19904. Cert. Purpose: any lawful activities. of Form. on file: SSDE, Townsend 401 Federal St., Dover, DE 19901. 401 Federal St., Ste. 4, Dover, DE Notice of Qualification of Tiger Bldg., Dover, DE 19901. Purp.: any Purpose: all lawful purposes. 19901. Purpose: Any lawful activity. Notice of Qualification of AREP 55 Accelerator Seed Holdings, L.P. lawful activities. RESIDENTIAL LLC. Authority filed Authority filed with NY Dept. of State with Secy. of State of NY (SSNY) on on 6/3/11. Office location: NY County. Notice of Qualification of The Apparel Place your business card in 07/19/11. Office location: NY County. LP formed in DE on 5/26/11. NY Sec. Maker, LLC. Authority filed with NY Crain’s Business Connection and LLC formed in Delaware (DE) on of State designated agent of LP upon Dept. of State on 7/15/11. Office 07/18/11. Princ. office of LLC: 505 whom process against it may be location: NY County. Princ. bus. addr.: reach New York City’s Park Ave., 21st Fl., NY, NY 10022. served and shall mail process to: 883 Trinity Dr., Lewisville, TX 75056. SSNY designated as agent of LLC Tiger Accelerator L.L.C., c/o Tiger LLC formed in DE on 7/1/11. NY Sec. Top Level Executives upon whom process against it may be Management Advisors L.L.C., 101 of State designated agent of LLC served. SSNY shall mail process to Park Ave., NY, NY 10178, principal upon whom process against it may be Don’t miss c/o Corporation Service Co. (CSC), business addr. DE addr. of LP: c/o served and shall mail process to: CT 80 State St., Albany, NY 12207. DE National Registered Agents, Inc., 160 Corporation System, 111 8th Ave., addr. of LLC: c/o CSC, 2711 Greentree Dr., Ste. 101, Dover, DE 13th Fl., NY, NY 10011. DE addr. of Book of Lists! Centerville Rd., Ste. 400, Wilmington, 19904. Name/addr. of genl. ptr. LLC: c/o The Corporation Trust Co., DE 19808. Cert. of Form. filed with available from NY Sec. of State. Cert. 1209 Orange St., Wilmington, DE Jeffrey W. Bullock, Secy. of State of of LP filed with DE Sec. of State, 401 19801. Cert. of Form. filed with DE Sec. Let Crain’s New York Business DE, 401 Federal St., Dover, DE Federal St., Dover, DE 19901. of State, 401 Federal St., Dover, DE 19901. Purpose: Any lawful activity. Purpose: any lawful activity. 19901. Purpose: all lawful purposes. help you secure new clients in 2011.

28 | Crain’s New York Business | September 26, 2011 20110926-NEWS--0029-NAT-CCI-CN_-- 9/23/2011 7:49 PM Page 1

Canada try: TD Bank in NY Death-defying act: solvency

Continued from Page 2 ident at First Manhattan Consulting Group. Continued from Page 3 touring markets that it cut during the reces- cess it inherited from Commerce Bancorp, “Ultimately,the most important factor in get- along. sion, for a total of seven. Private performanc- which it bought in 2008 for $8.5 billion. ting new customers is convenience.” In other When he arrived six months ago to serve as es for corporations, which dropped by 15% Commerce made big inroads in the New York words, the number of branches a bank has interim executive director, the operating over the past few years,are now almost back to retail-banking market a decade ago by keep- matters because customers value having a budget was $17 million, down from $22 mil- pre-2008 numbers.Mr.Berger said he expects ing its branches open later than rivals, offer- branch near their home or workplace. lion in 2008, before the recession hit. Ticket general ticket sales to grow by 10%this season. ing treats for pets and machines where folks sales had plummeted 20% during the worst of Though they may no longer be walking a could empty their penny jars.TD has kept the Business lending a priority the downturn, then rebounded slightly last tightrope, executives still have work to do. Commerce formula intact and receives the Making “America’s most convenient bank” season.The deficit for fiscal 2010, which end- Part of the problem, says Mr. Berger, who highest scores of any bank in New York in J.D. even more so explains why TD is adding so ed July 30, was a hefty $2.5 million, and angry was named executive director last month, is Power and Associates’ customer-satisfaction many branches in New York. In the past year, vendors who hadn’t been paid were calling. that many people don’t realize that the Big Ap- surveys. TD’s goal now is to win over dissat- TD has added 17, according to SNL Finan- The situation was so bleak that at the end ple is a nonprofit with strong community out- isfied customers at places like BofA or cial, more than any other bank in the city. of the Big Apple’s Boston run in the spring, reach that needs support. The circus sends Citibank who are unhappy with their banks Another way for the bank to grow is by executives were worried that they wouldn’t clowns to hospital pediatric wards, and offers but are too lazy to switch. lending more to businesses, which Mr. Braca have the cash to launch this fall’s show. free performances for both underprivileged “We got the discontented,”Mr. Braca said. says is a priority. Commerce was stingy when “When it came to us that we would poten- and physically impaired kids.The organization “Now, we have to get the numb.” it came to lending,and TD has continued that tially lose the circus, the board really came to- will make a greater effort to market that side of tradition. Only 35% of the bank’s assets are gether strongly,” said Chairman Chris Wear- the enterprise to ticket buyers,in hopes of turn- Why branch counts matter loans, said Mr. Routledge, compared to about ing, who is head of the North American ing them into donors as well. It’s a more difficult task than it sounds, be- 60% for similar banks. banking practice at Accenture. For now, executives are holding their cause while big banks are routinely criticized The difficulty, of course, is lending smart- breath in anticipation of the reaction to this for relying on bailouts, paying their people ex- ly when the economic environment is uncer- $1 million grant year’s show. It is the second under the leader- cessively and offering indifferent service,retail tain at best. In the Federal Reserve’s most re- The catalyst for the beginning of the recov- ship of Guillaume Dufresnoy, former general customers rarely get angry enough to take cent snapshot of New York business ery was a $1 million matching grant that a manager of the Big Apple, who was named their business elsewhere. In addition, good conditions, banks reported declining demand board member and Mr. Berger secured from artistic director in 2009. Mr. Dufresnoy has customer service only goes so far. Between for commercial and industrial loans. the Shelley and Donald Rubin Foundation in said that he plans to bring in different creative 2008 and 2010, TD actually lost a little mar- But Mr. Routledge said total loans are early summer. Within just a couple of weeks, teams each year that haven’t necessarily ket share in New York, according to data from growing by about 3% every quarter at TD’s the circus had raised the necessary $1 million worked in the circus world. The current team the Federal Deposit Insurance Corp. Devel- U.S.operations and the bank is well positioned in matching funds. has mostly directed opera. opments like online and mobile banking make to do more.In the meantime,because the bank The grant revitalized both the staff and the Insiders approve of Mr. Dufresnoy’s ap- TD’s quest for growth even tougher, because pays its retail customers so little interest for board, which has increased its own giving by proach. “The show was maybe a little bit too they make it more of a hassle for consumers to their deposits—about half the industry aver- 120% during the past six months versus year- confident for some years and didn’t change change banks. age—it can make a decent profit just storing earlier levels. much,” said Dominique Jando, a circus histo- “People tend to view banks like a utility and cash in its vaults. This year,the budget is up rian who was associate artistic director of the really don’t expect good service from them,” “They can be selective,” LISTEN to discussions at to $18.5 million, and the Big Apple for 20 years.“Now it seems to be go- said Theo Moumtzidis, a managing vice pres- he said, “and still grow.” Ⅲ CrainsNewYork.com/podcasts company is restoring two ing in a better direction.”

PUBLIC & LEGAL NOTICES

7 WEST 129TH STREET, LLC Articles Name: LIMEKILN REAL ESTATE Notice of Qualification of Stonepeak Notice of Qualification of HUDSON- Notice of Formation of SM 64TH of Org. filed NY Sec. of State (SSNY) ADVISORS, LLC Art. Of Org. Filed Sec. Associates LLC. Authority filed with VIEW CAPITAL MANAGEMENT, LLC. STREET HOLDINGS LLC. Arts. of 7/22/2011. Office in NY Co. SSNY Of State of NY 07/08/2011. Off. Loc.: NY Dept. of State on 8/15/11. Office App. for Auth. filed with Secy. of State Org. filed with Secy. of State of NY desig. agent of LLC upon whom New York Co. SSNY designated as location: NY County. Princ. bus. addr.: of NY (SSNY) on 8/25/11. Office (SSNY) on 8/5/11. Office location: NY process may be served. SSNY shall agent upon whom process against it 717 5th Ave., 14th Fl., NY, NY 10022. location: NY County. LLC formed in County. SSNY designated as agent mail copy of process to 2117 5th Ave., may be served. SSNY to mail copy of LLC formed in DE on 7/26/11. NY Sec. Delaware (DE) on 1/4/11. SSNY des- of LLC upon whom process against Apt. #3, NY, NY 10035, which is also process to THE LLC, 91 Central Park of State designated agent of LLC upon ignated as agent of LLC upon whom it may be served. SSNY shall mail the principal business location. West, #7B, New York, NY 10023. whom process against it may be served process against it may be served. process to: c/o Cooley LLP, 1114 Purpose: Any lawful purpose. Purpose: Any lawful act or activity. and shall mail process to: c/o CT SSNY shall mail process to: The LLC, Ave. of the Americas, 46th Fl., NY, Corporation System, 111 8th Ave., N Y, 40 Worth St., Ste. 826, NY, NY 10013. NY 10036, Attn: Benjamin Pierson, Notice of Formation of 53 Broadway Notice of Formation of Central Park NY 10011, regd. agent upon whom DE address of LLC: c/o United Esq. Purpose: any lawful activity. Note LLC. Arts. of Org. filed with Secy. Publishers, LLC. Arts of Org. filed process may be served. DE addr. of Corporate Services, Inc., 874 Walker of State of NY (SSNY) on 8/8/11. with Secretary of State of NY (SSNY) LLC: c/o The Corporation Trust Co., Road, Ste. C, Dover, DE 19904. Arts. Name: RAREBIT STUDIO LLC Art. Office location: NY County. SSNY on 7/11/2011. Office location: NY 1209 Orange St., Wilmington, DE of Org. filed with DE Secy. of State, Of Org. Filed Sec. Of State of NY designated as agent of LLC upon County. SSNY designated as agent 19801. Cert. of Form. filed with DE Sec. Townsend Bldg., Dover, DE 19901. 05/16/2011. Off Loc.: New Yok Co. whom process against it may be of LLC upon whom process against of State, 401 Federal St., Dover, DE Purpose: any lawful activity. SSNY designated as agent upon whom served. SSNY shall mail process to: it may be served. SSNY shall mail 19901. Purpose: any lawful activity. process against it may be served. c/o The LLC, 711 Fifth Ave., NY, NY process to: The LLC, 115 Central Notice of Qualification of Top Hat SSNY to mail copy of process to THE 10022. Purpose: any lawful activity. Park West 15C, New York, NY Notice is hereby given that a license Photo Booths, LLC. Authority filed LLC C/O Nigel Warren, 184 East 2nd 10023. Purpose: any lawful activity. (#TBA) for BEER & WINE has been with NY Dept. of State on 8/11/11. Street, Apt 5G, New York, NY 10009. Notice of Formation of Col Kagen applied for by ABV NEW YORK LLC at Office location: NY County. Princ. Purpose: Any lawful act or activity. LLP. Cert. of Reg. filed with Secy. of CITY COURIER SERVICES LLC, a retail, in a Restaurant, under the ABC Bus. Address 19 Lockhart Ln., State of NY (SSNY) on 9/16/11. Office domestic Limited Liability Company Law at 1504 LEXINGTON AVE. NY, NY Pemaquid, ME 04558. LLC formed in Notice of Formation of ICER OF location: NY County. Princ. office of (LLC), filed with the Sec of State of NY 10029 for on-premises consumption. SD on 1/19/11. NY Sec. of State 2159 FIFTH AVENUE LLC. Arts. of LLP: 570 Lexington Ave., Ste. 1600, NY, on 5/23/11. NY Office location: New designated agent of LLC upon whom Org. filed with Secy. of State of NY NY 10022. SSNY designated as agent York County. SSNY is designated as NOTICE OF FORMATION of CYNTHIA process against it may be served (SSNY) on 6/29/11. Office location: of LLP upon whom process against it agent upon whom process against E SEIDMAN RD, LLC. Arts. Of Org. and shall mail process to: Robert B. NY Co. SSNY designated as agent may be served. SSNY shall mail the LLC may be served. SSNY shall filed with Secy. Of State of NY (SSNY) Lockhart, Sr., 19 Lockhart Ln., of LLC upon whom process against process to the LLP at the addr. of its mail a copy of any process against on 9/7/11. Office Location: NY County. Pemaquid, ME 04558. Articles of it may be served. SSNY shall mail princ. office. Purpose: Law practice. the LLC served upon him/her to The Princ. Office of LLC: 411 E. 57th St., Organization filed with SD Sec. of process to: The LLC, 1385 Broadway, LLC, P O Box 552, NY, NY 10030. 15E, NY, NY 10022. SSNY designated State, 500 E Capital Ave., Pierre SD 16th Fl., NY, NY 10018. Purpose: Notice of Qualification of West Village General Purposes. as agent of LLC upon whom process 57501. Purpose: all lawful purposes. any lawful activities. Residences LLC. Authority filed with against it may be served. SSNY shall Secy. of State of NY (SSNY) on Notice of Qualification of Extract mail process to Corporation Service Notice of Qualification of BNP Paribas Notice of Qualification of 574 Fifth 9/12/11. Office location: NY County. Capital LP. Authority filed with NY Dept. Co. 80 State St., Albany, NY 12207. VPG Master, LLC. Authority filed with Avenue Owner LLC. Authority filed LLC formed in Delaware (DE) on of State on 8/24/11. Office location: Purpose: Any lawful activity. NY Dept. of State on 8/17/11. Office with NY Dept. of State: 7/22/11. Office 9/9/11. SSNY designated as agent of NY County. LP formed in DE on 4/5/11. location: NY County. Princ. bus. addr.: location: NY County. Princ. bus. addr.: LLC upon whom process against it NY Sec. of State designated agent of Notice of Formation of NORTH 787 7th Ave., NY, NY 10019. LLC 805 3rd Ave., 7th Fl., NY, NY 10022. may be served. SSNY shall mail LLC upon whom process against it CHELSEA CONSTRUCTION COM- formed in DE on 2/4/10. NY Sec. of LLC formed in DE: 7/19/11. NY Sec. process to: c/o Rudin Management may be served and shall mail process PANY, LLC. Arts. of Org. filed with State designated agent of LLC upon of State designated agent of LLC upon Co. Inc., 345 Park Ave., 33rd Fl., NY, to the principal business addr.: 55 Secy. of State of NY (SSNY) on whom process against it may be whom process against it may be NY 10154, Attn: William C. Rudin. Fifth Ave., Ste. 1702, NY, NY 10003. 9/14/11. Office location: NY County. served and shall mail process to: c/o served and shall mail process to: c/o Address to be maintained in DE: c/o DE addr. of LP: c/o The Corporation Princ. office of LLC: 60 Columbus CT Corporation System, 111 8th Ave., CT Corporation System, 111 8th Ave., National Registered Agents, Inc., 160 Trust Co., 1209 Orange St., Circle, NY, NY 10023. SSNY designated NY, NY 10011, regd. agent upon whom NY, NY 10011, regd. agent upon whom Greentree Dr., Ste. 101, Dover, DE Wilmington, DE 19801. Name/addr. as agent of LLC upon whom process process may be served. DE addr. of process may be served. DE addr. of 19904. Arts of Org. filed with the DE of genl. ptr. available from NY Sec. of against it may be served. SSNY shall LLC: 1209 Orange St., Wilmington, DE LLC: 1209 Orange St., Wilmington, DE Secretary of State, Federal & State. Cert. of LP filed with DE Sec. mail process to c/o Corporation 19801. Cert. of Form. filed with DE Sec. 19801. Cert. of Form. filed with DE Sec. Lockerman Streets, Dover, DE 19901. of State, P.O. Box 898, Dover, DE Service Co., 80 State St., Albany, NY of State, 401 Federal St., Dover, DE of State, 401 Federal St., Dover, DE Purpose: any lawful activities. 19903. Purpose: all lawful purposes. 12207. Purpose: Any lawful activity. 19901. Purpose: all lawful purposes. 19901. Purpose: any lawful activity.

September 26, 2011 | Crain’s New York Business | 29 20110926-NEWS--0030-NAT-CCI-CN_-- 9/23/2011 8:41 PM Page 1

tor to Apple.Too bad it’s Amazon.’” Ms. Epps expects Amazon to Kindle in color rapidly grab tablet market share,and Harry comes back forecasts that it could sell as many as Continued from Page 1 agree to provide them. But there is 5 million devices in the fourth quar- Continued from Page 1 struction. Most notably, the team It’s no secret why anticipation is still tension over the issue. ter. Apple has sold nearly 30 million development site. includes broker Richard Wallgren, running high. Growing sales of dig- One magazine executive said iPads since its April 2010 launch. “I always knew Harry would be who played a big role in one of the ital editions on the iPad and Barnes that Amazon appears to be a “bit Whether or not publishers get back,” said Paul Massey, a founding city’s most successful condominium & Noble’s Nook Color have provid- more flexible” about data than its more information, the new tablet partner of Massey Knakal Realty projects, 15 Central Park West. ed the one bright spot in an industry larger rival. As far as sales are con- will be a boon, Ms. Epps says. Dig- Services, who has known him for Mr. Macklowe brings an expert- beset by shrinking newsstand sales cerned, Amazon is expected to take ital publishing is becoming prof- two decades. ise in comebacks. In the 1980s he and a wobbly advertising market. a 30% cut, just as Apple does. itable. And companies have learned Nothing illustrates Mr. Mack- became infamous for ordering the The Seattle e-tailing giant is ex- Publishers would like Amazon’s to bundle print and digital subscrip- lowe’s rebound better than his in- late-night demolition, without per- pected to introduce a 7-inch, color new tablet to have more in common tions to keep app editions from can- volvement at the Park Avenue plot mits, of two single-room occupancy touch-screen version of its Kindle e- with the Nook Color e-reader than nibalizing print sales. that was once home to the Drake hotels near Times Square hours be- reader that’s priced below $300, or with the iPad, which lets users play However, the tablet advertising Hotel. Mr. Macklowe spent years fore a law protecting them was set to around half the cost of an iPad. It video games and watch television. model is still in its early stages. Me- assembling the site, only to default go into effect.He eventually lost the would be Amazon’s first device suit- “We’re hopeful that the user base dia buyers say there will need to be a on its $510 million loan. The loan hotel he built on that site as well as ed to magazines—the current Kin- continues to be readers and that much larger base of users before they was purchased by the CIM Group, other buildings in the real estate re- dle has a black-and-white screen— they’re looking at magazines and consider digital copies in the same which went on to secure control of cession of the early 1990s, only to and the first tablet since the iPad that books,as opposed to [playing] Angry way they do print editions. the site but joined forces with Mr. emerge in spectacular fashion in is virtually assured of mass adoption. Birds,” said John McCarthy, a senior For publishers who target wom- Macklowe, who is helping develop 2003 by paying $1.4 billion for the For magazine publishers,it could vice president at Rodale,publisher of en, Amazon’s entry is particularly the project. Sources say it will in- GM Building. be a game-changer. Men’s Health and Prevention. good news.Research has shown that clude a 1,350-foot tower with con- “This is a turning point for the women prefer dedicated e-readers dominiums and a small hotel, as Plenty of partners industry,” said Michael Wolf, man- Amazon vs. Apple over the multifunctional iPad. well as a 60,000-square-foot glass- Today he continues to draw part- aging director of Activate,a consult- Amazon already has a vast online “We have high hopes Amazon cube retail space on tony East 57th ners despite his checkered past being firm that worked on the Gourmet newsstand for print magazines, and will be very aggressive in this space,” Street. cause of his extensive experience Live iPad application for Condé it’s expected to be a good promoter said Liz Schimel, chief digital offi- Neither Mr.Macklowe nor CIM and mastery of the city’s byzantine Nast.“Competition has always been of digital titles. In Apple’s App cer at Meredith, publisher of Ladies’ would comment for this story.But at development process. He also won great for content owners.” Store, by contrast, magazines get Home Journal. a conference recently, Mr. Mack- plaudits from some insiders for not The new tablet, which could ar- lost in a sea of choices. (Apple will Meanwhile, some publishers in- lowe predicted that the Park Avenue attempting to hang onto his proper- rive as early as next month, would soon launch a newsstand.) sist that obtaining customer infor- development would be “a capstone” ties through bankruptcy or lawsuits certainly spur sales. But just as im- But as much as publishers look mation won’t be an issue. of his career. during his latest portant, publishers see an opportu- forward to working with Amazon, “We think Apple has continued “It will be a implosion. nity to play one distributor against they recognize that Jeff Bezos’ com- to move in the right direction,” said monumental This time “He behaved the other to gain more access to data. pany may not be any easier to deal Gregg Hano, group publisher at building and as like a gentleman,” Information about consumer with than the one that until recent- Bonnier, whose Popular Science was much an icon as around, Mr. said Martin habits and preferences is considered ly was run by Steve Jobs. the first to accept Apple’s iPad sub- the Apple cube,” Frass-Ehrfeld, a critical to marketing efforts.Apple— “There could be some movement scription terms. “I can’t speak to said Mr. Mack- Macklowe is partner at Lon- notorious for maintaining an iron [around customer data],” said Sarah what [Amazon] will be able to share lowe, who earned don-based Chil- grip on the customer relationship— Rotman Epps, a senior analyst at with us, but I’m hopeful they’ll be as kudos for bring- still running dren’s Investment has reached compromises with some Forrester Research. But, she added, transparent as they can.” ing that very store Fund, which had publishers, like Condé Nast and publishers aren’t holding their to the General some big risks enough faith in Bonnier Corp., which collect email breath: “When I talk to publishers, LISTEN to a discussion at Motors Building Mr. Macklowe to addresses from iPad subscribers who they say,‘It’s great there’s a competi- CrainsNewYork.com/podcasts back when he lend him $250 owned it. “As I go million to pur- forward doing my chase 737 Park erates the Central Park Boathouse, new deals, I’m Ave. “He was un- settled a labor dispute there last very pleased to be lucky.” Reopening Tavern week with the New York Hotel and an active part of our real estate com- This time around, he is still run- Motel Trades Council, but was un- munity.’ ning some big risks. Even if he fore- Continued from Page 1 about the noise from Tavern’s splashy able to reach an agreement two years Many others confess they’re closes on the First Avenue site, the ect” is in the works at the West 67th events.They are much happier with ago at Tavern with the same union. amazed to see him back, given the developer may struggle to line up Street restaurant. its new role as a public amenity. Now, Mr. Poll and the union titanic scale of his downfall. construction financing. Ditto on a Engineers from the Department “A lot of people like what’s going would like another shot at Tavern, At the top of the market in 2007, far grander scale for his project with of Design and Construction are on there now—that it’s so accessible their spokespeople say.But city offi- after a month’s deliberation he CIM on Park Ave. preparing reports. And next month, to everyone who uses the park and cials have not indicated whether bought seven buildings for $7 bil- Experts say his pricing strategy city officials expect to discuss their that it is not noisy anymore,” said those parties, or any union labor lion, and lost them after he failed to for his East Side apartments is ag- ideas for a concession with members Linda Alexander, vice chairman of agreement, are part of their plan. refinance them.Later,he had to part gressive. According to documents of community boards that border Community Board 7. Last May,when negotiations be- with four others, including his filed with the state attorney gener- Central Park. tween Mr. Poll and trades council prized GM Building, to pay off his al’s office, Mr. Macklowe is asking City officials will confirm only Total harmony President Peter Ward fell apart, debts. an average of $2,700 a square foot that they are exploring their options The city built public restrooms Mayor Michael Bloomberg said the Mr. Macklowe referred to the for 737 Park and $2,500 a square at the moment. off the terrace, brought in a bike city would “solicit new proposals debacle as “a very, very bad bet.” foot for 150 East 72nd.Comparable “We are reviewing potential fu- rental company—which set up with labor obligations from anyone His latest wagers may be bold, apartments fetch about $1,900 a ture uses [for Tavern on the shop at the front entrance—and that wanted to reopen [Tavern] as a but they are also far more modest. square foot. Green],”said Vickie Karp,a spokes- launched a series of cultural events restaurant.” He paid a mere $70 million for 150 Meanwhile, nearly a third of the woman for the Parks Department. curated by the Central Park Conser- A community board member East 72nd St., a handsome prewar units at 737 Park and a quarter of The world-famous restaurant is vancy. Indeed, in its first RFP in who wanted to remain anonymous building on the corner of Lexington those at 150 E. 72nd are rent regu- poised for the next stage of its 77- 2009, the city stipulated that it said:“Last spring,we asked the Parks Avenue, where he plans to convert lated. Selling expensive condo units year history, but its new incarnation wanted an operator to make Central Department whether a new RFP 33 rental apartments units into con- in buildings with high levels of rent- will likely be less glitzy—and a Park an integral part of any design would require a labor component, dos.Just last month,he shelled out a regulated tenants is always chal- smaller source of income for the city, plans, so that the renovated facility and we were told that there was no hefty $253 million for 737 Park lenging. They can be a turn-off to its landlord. would be “in harmony with the nat- decision one way or another. Our Ave.,where he hopes to convert 103 people spending millions of dollars The city has already taken steps ural park setting.” impression is that the Parks Depart- apartments. on posh abodes. to dismantle the last vestiges of the Residential neighbors couldn’t ment is by no means bound to re- “When people pay those prices, Warner LeRoy era of Tavern, de- agree more. quire unionized labor at that space.” Backdoor strategy they want to live with others with molishing the Crystal Room, where “We are interested in having the Still, some observers say it is un- Additionally, Mr. Macklowe skin in the game,” said Mr. Miller. some of the most glamorous events city create an amenity for park visi- likely that the mayor would drop his bought a defaulted loan on a devel- And Manhattan has a history of took place. The legendary restaura- tors rather than a banquet hall,” said requirement that any new operator opment site on First Avenue in the ugly, long, litigious conversion bat- teur—who ran Tavern from 1973 Mel Wymore, chairman of Com- of Tavern honor the restaurant’s long East 50s with partner Howard Lor- tles. Mr. Macklowe may find him- until his death in 2001, when his munity Board 7. relationship with the trades council. ber.Sources said the partners intend self in one such drama. Earlier this daughter,Jennifer,took over—trans- When the LeRoy family lost the “If history is any guide in terms to foreclose on the owners and take month, he filed a suit against a cou- formed the spot into an internation- lease to the restaurant in August of this administration’s relationship full control. ple who refuse to leave a market-rate al destination, attracting celebrities 2009 and the city selected restaura- with the union, I think there would Mr. Macklowe has also rebuilt apartment at 737 Park Ave., even and hosting events that brought teur Dean Poll to run it for 20 years, be some language in the RFP about his team of development profes- though their lease is up. black limousines to its doors. no one could have predicted that labor,” said Paul Wagner, a labor sionals. Each of his four executive But it was not beloved by all. Tavern would end up being shut- employment attorney with Stokes hires brings a specific expertise: LISTEN to a discussion at Nearby residents complained bitterly tered indefinitely.Mr. Poll, who op- Roberts & Wagner. marketing, sales, finance or con- CrainsNewYork.com/podcasts

30 | Crain’s New York Business | September 26, 2011 20110926-NEWS--0031-NAT-CCI-CN_-- 9/22/2011 6:16 PM Page 1

89% of major retailers surveyed do not plan to offer deeper discounts on Black Friday BUSINESS LIVES Source: Hay Group

HOT JOBS GOLDEN OLDIES: Sharon Lehner is EXECUTIVE preparing the first INBOX public display of items from BAM’s archives. Anne Fisher VICE PRESIDENT OF SALES COMPANY AJ Madison Inc. JOB DESCRIPTION Manage Tame your online and phone orders, commercial and military sales, to-do list and showroom transactions IF YOU’RE LIKE MOST PEOPLE, you MOST IMPORTANT TASKS walked into your office this Maximize sales potential of each morning with a pretty clear idea of client; maintain great customer what you hoped to accomplish service today. Then you sat down, turned CREDENTIALS NEEDED on your computer and checked Experience in consumer-goods your phone messages. Hours retailing later, after putting out a couple of fires, solving several other people’s SALARY $120,000-$200,000 problems, and responding to plus commission and bonus everything that got thrown at you, RECRUITER Internal you barely remember what it was DOWNSIDE Managing spike in you started out to do. business during holiday season You’re far from alone. Peter Bregman of Manhattan-based UPSIDE Enjoying freedom to consulting firm Bregman develop and implement new Partners is a time management procedures expert, and even he admits he Based in Brooklyn, AJ Madison is sometimes gets “ambushed” by an independent home appliance a hectic day. A Columbia MBA retailer with a large e-commerce who counts Morgan Stanley and presence. Nasdaq executives among his —SUZANNE PANARA clients, Mr. Bregman wrote a down-to-earth new book called 18 Minutes: Find Your Focus, Master Distraction, and Get the EXECUTIVE MOVES Right Things Done. To stay focused on what really NBCUniversal Inc.: matters, an “ignore list” is just Stuart J. Epstein, 48, as important as a to-do list, if joined the media and not more so, he said. entertainment “Cut out anything that doesn’t buck ennis company as chief contribute to your long-term financial officer. He was previously a GOTHAM GIGS goals, either by delegating it or managing director at just deciding not to do it at all,” Morgan Stanley. he said. “Not only does this give Universal McCann: Colleen Soriano, 33, you less busywork, it liberates joined the marketing communications you from having to make a firm as senior vice president, U.S. decision about every single item director of digital communications. She An Artsy Archivist in that general category, because was previously senior partner of engagement planning at MEC. you’ve already decided ‘no.’ ” Barbara Pelham, 45, joined as executive The Brooklyn Academy of Music is well-known for presenting Another essential vice president and global managing ‘We weed contemporary music, theater and dance, but it’s actually the oldest ingredient of a truly productive partner for MasterCard. She was most life is one many entrepreneurs recently an executive group director at through performing-arts institution in the country. Sharon Lehner, BAM’s resist, he said: rest. OgilvyOne. director of archives, knows every bit of its history. ¶ Now, in honor Time Warner Cable things Still, it can be hard to focus Inc.: Alessandra Otero- of the organization’s 150th-anniversary season, Ms. Lehner is your attention and efforts on Reiss, 43, was so people creating the first public exhibition of the archives, which will open in what really matters. This is where promoted to vice BAM’s main building in January for a nine-month run. Highlights the 18 minutes of the book’s president, can find title come in. If you take five multicultural include memorabilia from the Civil War era and a rare film clip of minutes every morning, one marketing at the cable Isadora Duncan, the creator of modern dance. ¶ Ms. Lehner, 56, minute every hour, and five communications gems’ company. She was previously director, came to New York in her 20s to become an actress, but soon realized minutes at the end of the workday targeted marketing. she’d rather be behind the scenes. She started as BAM’s first part-time to make sure you’re on track Preferred Concepts: Francesca D’Angelo, toward reaching your long-term 53, was promoted to executive vice archivist in 1998 and became the director of her department five years aims, you can tame that out-of- president at the insurance program ago. ¶ She will eventually run the 3,800-square-foot, state-of-the-art control to-do list. “Just 18 minutes administrator. She was previously senior a day can save you hours of vice president. center that BAM is building next to its Harvey Theater.Then the Meister Seelig & Fein: Jeffrey A. archives will get the stature they deserve. ¶ “Archives are perceived inefficiency,” Mr. Bregman writes. Greenberg, 50, joined the commercial to be this dusty old stuff in the corner, but actually, the whole point law firm as partner. He was previously a WHAT’S YOUR FAVORITE time- partner at Beldock Levine & Hoffman. is to weed through things so people can find gems,” Ms. Lehner said. management technique? Tell us at See EXECUTIVE MOVES on Page 33 —miriam kreinin souccar www.crainsnewyork.com/execinbox.

September 26, 2011 | Crain’s New York Business | 31 20110926-NEWS--0032-NAT-CCI-CN_-- 9/22/2011 1:18 PM Page 1

RÉSUMÉ REVIEW Spotlighting NY’s film biz Is your job search all it could be? We ask the experts. Kaufman Astoria chief advantage of all that New York has the infrastructure as well. We need to offer. There’s an energy and ex- to make sure that our city continues NAME ALLEN KANTOROWITZ adds stages, hosts citement that transcends anywhere to be a great place to work, live and SUMMARY big-name productions else in the world. Also, the skill lev- capture on film. Sales and marketing professional with el that’s here in talent, crews and fa- proven track record at hospitality Does KAS plan to expand? cilities is as good as it is anywhere. organizations BY JERMAINE TAYLOR Absolutely! We’ve invested in new Do you believe that the uptick in stages and lighting.We’re looking to PROFESSIONAL EXPERIENCE aufman Astoria Studios production here will last? create an outdoor stage that will al- l Hampton Inn, SoHo President Hal Rosenbluth, We’ve been on this road of trying to low productions to put up exterior Director of sales, 2010-2011 57,has spent 17 years at the create sustainability for a while now. sets for extended periods. We know Led staff of two at 160-room, semi-full-service property helm of the venerable 91- When there was uncertainty about that to continue the growth we’re l Greater Houston Convention and Visitors Bureau, Fort Lee, N.J. Kyear-old Queens facility. Men in the tax-credit program, we saw witnessing, we need to provide oth- National account manager, Northeast, 2008-2009 Black III just wrapped there. Emmy shows leave New York for places like er services, as well as improve the Developed more than 250 new sales leads Award-winning Nurse Jackie is gear- Canada. Now that the [30%] tax services we already offer. For us, it’s ing up for its credit was renewed, we witnessed a more than filmmaking.It’s about the EDUCATION fourth season. record number of pilots, as well as a rejuvenation of an entire neighbor- l State University College at Buffalo, B.A., journalism, minor in sociology Also in pro- high percentage of those pilots be- hood, and using production activity Résumé appears in condensed form. MOVERS & duction is Pan ing picked up.But we need to cre- to spur economic development. EXPERT ADVICE SHAKERS Am, a new ate sustainability so we don’t ABC series get these huge roller-coaster Of all the KAS productions you’ve As a sales director, Allen knows what hiring managers will look for in a starring rides in activity. seen, which is most memorable? résumé and is in a position to improve the clarity of his résumé. By Hal Christina The one that stands out for me including bullet points that describe sales- specific accomplishments, he’ll Rosenbluth Ricci—one of What more needs to be done? is probably the original Cosby make it easy for HR to quickly determine whether he has the experience a record eight I think making our tax Show. We were able to prove to and skill set they need and if he should be interviewed. If he changes the series that’s programs per- the industry that multicam- font to Verdana, moves the date range of his employment to the right side filming in manent will era sitcoms could be of the page, and replaces the paragraphs of job descriptions with goals New York this season. bring back done here no different and achievements, he’ll be far more likely to gain an interview. folks that from in Los Angeles. —jacques aboaf, vice president of strategic development, Vault.com Do you think New York is becoming more moved out Also, to be around competitive with Los Angeles? of the city, the No. 1 show in To contact this candidate or to be featured in “Résumé Review,” e-mail us I’ve always viewed New York as an and en- history at that at [email protected]. extension of the studios,so that they courage point was ex- have a home here where they can take growth in traordinary. Ⅲ

Three born and bred New York supermodels are shown a selection of ﬁve pashminas at an exclusive Fifth

Avenue departmentt store. Three of the pashminass area deep cerulean and two,o, saffron.s The three supermodels are placed

in single ﬁle, facing forward, and then gently blindfolded . One pashminaa isi draped on each, with twoo returned to

the shelf. The blindfold is ﬁrst removed from the supermodel in the back. She is asked if she can guess the color of her

pashminaa by looking at the two models .in front of her. “No,” she says. The blindfold is removed from the

supermodel in the middle , and she is asked the same question. (She can only look at the supermodel in front, not in back.)

“I can’t,” she says. Immediately the supermodel in front, still blindfolded , blurts out, “I’m wearing a ______pashminaa . Can I keep it?”

What color pashmina is she wearing?

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32 | Crain’s New York Business | September 26, 2011 20110926-NEWS--0033-NAT-CCI-CN_-- 9/23/2011 3:22 PM Page 1

EXECUTIVE MOVES was previously a vice president and project director. He was previously vice director of real estate for Jones Lang president and national director for life CORPORATE LADDER LaSalle. sciences at HDR. Continued from Page 31 RHI Entertainment Inc.: David Coke, 45, BlissPR: Toddi Gutner, 51, joined the BUILDING UP TO THE TOP JOB DeSilva+Phillips: joined the television programming public relations firm as a senior Daniel R. McCarthy, MILO E. RIVERSO, 50, was named president and chief 51, joined the media investment bank as company as senior vice president and strategist. She was a media strategist and partner. He was previously chairman controller. He was most recently senior corporate communications consultant at executive of architectural, engineering and construction and chief executive of Gallarus Media vice president, finance and TLGutner. management firm STV Group Inc., where he takes Yorkville ETF Advisors: Holdings and its subsidiary Network administration for Crunch. Jay Baker, 60, responsibility for the firm’s day-to-day operations. Mr. JWT: Communications Inc. Jonathan Fletcher, 45, joined the joined the asset management firm as Riverso began at the firm in 2005 as a senior vice Gas Station TV: Rob Fontanella, 38, was marketing communications firm as group director of business development. He planning director. He was formerly a was previously vice president of ETF president of STV Construction Inc. Earlier, he served at promoted to regional senior vice a number of construction management firms in president of the national away-from- director at Clear Ideas Consultancy. business development at Goldman Lowenstein Sandler: home television network. He was Charles Torres, 41, Sachs. executive management positions, including chief New York Live Arts: formerly a senior vice president. joined the law firm as partner. He was Rob Krulak, 45, executive of the New York City School Construction Michael Branch, 41, joined as vice previously a partner at Reitler Kailas & joined the arts organization as chief Authority. He got his bachelor’s degree from president of sales, East region. He was Rosenblatt. development officer. He was formerly an Manhattan College and his master’s and doctoral EYP Architecture & Engineering: Stanley independent fundraising and previously East Coast sales manager at degrees from Purdue University. —CALLIE EIDLER Creative Television Marketing. Stark, 63, joined the architecture and management consultant. —callie eidler Hasan Rahim, 38, joined as vice engineering design firm as executive president of sales, East region. He was previously director of sales, local solutions group at Cox Media Group. Jason Usher, 41, joined as vice president of sales, East region. He was convergent sales manager at Scripps Network. Angie Carballo, 27, joined as director of sales planning. She was previously senior media planner and research analyst at RMG Networks. Martha Stewart Living Omnimedia Inc.: Ken West, 53, joined the diversified media and merchandising company as chief financial officer. He was previously executive vice president and chief financial officer at Marvel Entertainment. Kaufman Rossin Fund Services: Christine Egan, 43, was promoted to director at the financial services provider. She was previously manager. Intersport: Don Gorski, 57, joined the sports and entertainment marketing company as senior vice president of media sales. He was formerly executive vice president of sales for Winnercomm Sports. Heddings Property Group: Maura Jarach, 48, joined the real estate firm as vice president/associate broker. She was previously vice president/director at Brown Harris Stevens. Brian Kingman, 43, joined as vice president/associate broker. He was previously an associate broker at Prudential Douglas Elliman. Karl Kozel, 55, joined as vice president/licensed salesperson. He was previously a licensed salesperson at Prudential Douglas Elliman. Cadwalader Wickersham & Taft: Dean C. Berry, 54, joined the law firm as special counsel. He was previously a partner at Baker & McKenzie. Cohen Brothers Realty Corp.: Erika K. Schanke, 33, joined the private real estate development and management firm as When you team with Union Bank,® you’ll experience the strength of a powerful financial partner working on your behalf. vice president of Through our relationship with Mitsubishi UFJ Financial Group, we can seamlessly deliver the global resources you need leasing. She was previously a tenant to access financing, mitigate risk and manage your working capital. And you’ll receive the insight and guidance of local representative at Cushman & Wakefield experts in over 40 countries. That’s the benefit of a bank immersed in your business. Inc. Park Fifth Capital Management: Kurt With Union Bank, the world can be an easy place to do business. Call us today. Lieberman, 54, joined the private equity investment fund as chief operating Commercial Treasury Services: Corporate & Institutional Specialized Financial Services: officer. He was most recently a senior Treasury Services: vice president at Thomson Reuters. Les J. Goodwin Marla Feldman Robert Dawson O, The Oprah Magazine: , Clarissa Cruz Senior Vice President Vice President Senior Executive Vice President 37, joined as fashion features editor of 213-236-5159 914-273-0351 213-236-4229 the Hearst Magazines title. She was previously a contributing editor at InStyle. Au Bon Pain: Bill Miller, 42, joined the restaurant chain as vice president of real estate for the New York City market. He ©2011 Union Bank, N.A. EXECUTIVE PROMOTIONS Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial organizations. unionbank.com The fastest way to get an announcement into Crain’s is to submit online. Fill out the form at www.crainsnewyork.com/section/ executive_moves. The Executive Moves column is also available online.

September 26, 2011 | Crain’s New York Business | 33 20110926-NEWS--0034-NAT-CCI-CN_-- 9/22/2011 5:37 PM Page 1 chemex / INSATIABLE CRITIC Gael Greene where you could wait for friends flickr.com while sipping champagne—has become the new lounge. Eric asked for a lounge to draw the younger crowd that’s discover- ing him now that he’s become a video matinee idol. Maguy re- Longtime fave’s searched lounges and found most of them “low-class.” Still, you won’t need a jacket at this one if you stop by for an $18 Negroni from the luxe new look house’s first cocktail list, with caviar daniel krieger daniel SEA CHANGE: A triptych, not a jumble or oysters from the new bar menu. Deep Water,a triptych of a raging sea I love that we are seated “at your bloomberg Le Bernardin revamp by Brooklyn artist Ran Ortner. table,” as Maguy notes. I pretend I trades in stodginess Steel and leather chairs. The LE BERNARDIN don’t care, but I must confess that I WHAT HE’S banquette along a wall of twisted 155 W. 51st St. do.First table on the right as you en- for modern elegance steel and aluminum, polished on (212) 554-1515 ter the dining room, now separated READING one side, glass-beaded on the other www.le-Bernardin.com from the lounge by teak shingles. aguy Le Coze is a to reflect light from below. The Woody Allen’s table is the next one MARTIN WHITMAN, a native New knockout in the Japanese-esque window treatments over.The turbulent sea painting is far Yorker who turns 87 on Sept. 30, has been one of Wall Street’s Dutch bob I re- replaced by custom-made screens of CUISINE From the sea away; flowers on a service table hide member from when woven aluminum thread,cotton and it from my view. Close up (on my most successful stock-pickers for I first met her at the dried climbing vines,glowing green. PRICE RANGE 4 courses, $115 way to the ladies’ room), it reminds decades, ever since he landed a Moriginal Le Bernardin, on a Left “I asked for metal and wood,” SERVING Lunch Mon.-Fri., dinner me vividly of Hurricane Irene, but job at brokerage Shearson Bank quai in 1976, she in bell-bot- Maguy explains.“I wanted it to be el- Mon.-Sat. I’m sure that memory will fade. Hammill after attending college tom pants and platform shoes. egant, modern, luxurious, warm and The flowers are the same power- on the GI Bill. He later helped Tonight, she is wearing a jeweled sexy.We’re working on the lighting.” RESERVATIONS Advised ful explosions I remember from our manage money for the brooch from Istanbul on a chain It is remarkable—yes, elegant, NOISE LEVEL Very civilized dinner on Aug. 30, the night before Rosenwald family, which ran around her neck, spike heels with modern,luxurious—and all new exit closed for five weeks so it could be Sears department stores in the I take my hat off. rhinestone straps, and a jaunty jack- cept for the magnificent coffered gutted. Massive blossoms and early 1900s. et of woven black ribbon. ceiling, of course, and Grandpa’s I can’t wait to return. sweeping leaves, muscular, serious, The chairman of Third Avenue “Chanel?”I ask.In the early years portrait over the curving onyx bar. I I will definitely go back. masculine. And I see snappy new Management says he likes on West 51st Street, it was always like it. I wish I loved it. The restau- I’ll let them simmer awhile. uniforms: black with silver buttons reading many books at the same Chanel.“No,”she tells me.“It’s Gior- rant always seemed elegant and lux- NO HATS Never again. for busboys and lounge servers, time. He’s now engrossed in Erik gio Armani.I needed a change,too.” urious to me, although I never loved black suits over black shirts and Larson’s In the Garden of Beasts. It’s the Tuesday before the offi- the design especially. black neckties for captains. This account of life in Berlin cial opening on Friday, a by-invita- No, it was never the look that mentarily disoriented, almost smash Maguy and Eric may have toyed shortly after Hitler seized tion preview for family, friends, a made me regard Le Bernardin as into the new glass wall. An atten- with the idea of letting the lease lapse power is told through the eyes of few journalists: the first look at Le among Manhattan’s best places to dant saves me. and closing the place,walking away to the U.S. ambassador and his Bernardin’s new look. celebrate, if not the quintessential “Come in,” she says, opening the another life.If so,they have thought daughter. I’m focused on the makeover by one. It was—and is—the discipline, door. “Or would you like to check better of that whim, and with a new Bentel & Bentel, designers of The the proper French airs. And it was your things first?” 15-year lease, a new burst of energy “The ambassador’s daughter Modern and Gramercy Tavern, be- the triumph of Eric Ripert, now co- The new, luxurious, elegant Le and this smart new image—shingles married someone I knew through cause it is dramatically different. owner and chef,stepping up to hon- Bernardin now has its checkroom in notwithstanding—they have com- the Rosenwalds,” Mr. Whitman The corporate stodge, gone. The or the house mantra:“The fish is the a rather tight entry. What was in- mitted to preserving the legend. said. “It gives the book extra caramel warm-up touches applied star of the plate.” deed a luxury—a reception area resonance for me.” over the past 25 years, no more.The On this Tuesday evening, I step where young women would lift off Copyright © 2011 by Gael Greene. —AARON ELSTEIN hodgepodge of art swept away by out of the revolving door and, mo- your coat and grab your umbrella, Syndicated by www.insatiable-critic.com.

SUMMIT: MINING THE DEEPER VALUE OF WORKSHOPS THE SUSTAINABILITY. A panel of women MONDAY, OCTOBER 3 business leaders will speak from practical The PIT-Peoples Improv Theater and experience about how companies are instructor Tommy Galan will host implementing sustainability goals. The SMALL BUSINESS SPEAKING AND WEEK discussion will take place at the Institute NETWORKING SKILLS. The workshop will of International Education, 809 United use improvisation to train attendees to Nations Plaza, from noon to 6 p.m. The present themselves with confidence. The AHEAD cost to attend is $325. To get more event will take place at Simple Studios, information and to register, visit 134 W. 29th St., second floor, from 7 www.eventbrite.com/event/1740456753. p.m. to 10 p.m. The cost to attend is $25 OCT. 3-9 for Manhattan Chamber of Commerce WEDNESDAY, OCTOBER 5 members and $50 for nonmembers. To Join Roy Fenichel Esq. for NUTS AND get more information and to register, call CONFERENCES AND BOLTS OF TITLE INSURANCE, a free (516) 770-1842. SEMINARS accredited continuing legal education MONDAY, OCTOBER 3 class designed for attorneys who want to NETWORKING RECEPTIONS Fashion Institute of Technology presents understand the role of the title company TUESDAY, OCTOBER 4 FASHION, BEAUTY AND STATUS: ONE YEAR and title search in New York real estate Networking for Professionals will host ON THE FRONT LINES IN CHINA’S LUXURY transactions. The class will take place at HIGH-SPEED NETWORKING. The event will AND APPAREL MARKETS. Michael Bank of America, 50 Rockefeller Plaza, take place at Houndstooth Pub, 520 Zakkour, principal of consulting firm fifth floor, from 8:30 a.m. to noon. To Eighth Ave., from 6 p.m. to 8 p.m. The Technomic Asia, will discuss Chinese register, call (646) 695-7925 or email cost to attend is $20 for members and PICK OF THE WEEK fashion, apparel, accessories and luxury [email protected]. $30 for nonmembers in advance, and products, detailing a study of what $35 for all at the door (cash only). To get BROOKLYN PHILHARMONIC opens the 2011-12 season consumers want, who is selling to them THURSDAY, OCTOBER 6 more information and to register, visit with a free preview concert featuring rapper Mos Def as part and how they do it.The free seminar will New York City’s Latin Media and www.manhattancc.org. take place at FIT,West 27th Street Entertainment Commission, the of the Restoration Rocks Music Festival. The concert will between Seventh and Eighth avenues, Interactive Advertising Bureau, CULTURAL EVENTS feature the first glimpse of collaborations between Brooklyn from 6:30 p.m. to 8 p.m. For more Advertising Week and LatinVision Media FRIDAY, OCTOBER 7 information, visit www.manhattancc.org. present THE CEOs SUMMIT: SHAPING THE NEW YORK CITY BALLET presents Jewels, Phil Chamber Players and Mos Def. The concert will take FUTURE OF LATIN MEDIA, ENTERTAINMENT, choreographed by George Balanchine, a place at Bed-Stuy Restoration, 1368 Fulton St., Brooklyn, TUESDAY, OCTOBER 4 TECHNOLOGY AND ADVERTISING. The ballet inspired by the brilliant facets of Women’s Network for a Sustainable conference will take place at Time Inc., three precious stones. The performance from 8 p.m. to 8:30 p.m. For more information, visit Future presents the 2011 BUSINESS- 1271 Sixth Ave., from 8 a.m. to 5 p.m. will take place at the David H. Koch www.bphil.org or call (646) 397-2765. WOMEN’S SUSTAINABILITY LEADERSHIP The cost to attend is $395 for Theater, 20 Lincoln Center, at 8 p.m. LatinVision members and $450 Tickets range from $29 to $129. For for nonmembers. To get more information, visit www.nycballet.com or To view Crain’s classified events listings, MON. TUES. WED. THURS. FRI. SAT. SUN. go to www.crainsnewyork.com/events information and to register, visit call (212) 870-5570. 10.3 10.4 10.5 10.6 10.7 10.8 10.9 www.latinvision.com/conference. —suzanne panara

34 | Crain’s New York Business | September 26, 2011 20110926-NEWS--0035-NAT-CCI-CN_-- 9/23/2011 7:27 PM Page 1

THE CHEAT SHEET State legislators might WEEK allow full-blown, Las Vegas-style casinos in ON THE New York. But to legalize commercial gambling, the WEB state constitution must be amended and a voter

SEPT. 19-23 referendum approved. bloomberg news CRAINSNEWYORK.COM DON’T WE ALREADY HAVE CASINOS? Yes, but only Indian nations can legally operate casinos with table and card games in New York. Off the reservations, it’s only video lottery terminals or armless slots. It’s code blue WHAT ABOUT AQUEDUCT? When the renamed Resorts World Casino New York City opens the first phase of its racetrack casino in Ozone for hospitals in Park, Queens, in late October, it will offer Aqueduct visitors 2,280 video lottery terminals. Genting, the Malaysia-based operator of Resorts outer boroughs World, is a member of the New York Gaming Association, which— shocking news—would love to entice gamblers with more. eninsula Hospital in Far Rockaway, HOW MUCH MONEY ARE WE TALKING ABOUT? New York’s eight racinos last year generated around $1.1 billion in revenue and at least $400 PQueens, filed for million in state tax revenue. New York is losing $3 billion to $5 billion to Chapter 11 bankruptcy out-of-state casino operations, argues NYGA. protection in order to WHERE DO LAWMAKERS FALL ON THE ISSUE? Yes: Senate Majority complete a new management Leader Dean Skelos. Meh: Assembly Speaker Sheldon Silver, who in the istockphoto deal with for-profit Revival past has opposed expanding casino gambling in New York but more Home Health Care.The struggling hospital listed assets of $34.6 million and liabilities of recently has confirmed that he’d consider allowing casinos in “existing $70.8 million. ¶ But Peninsula is hardly the only outer-borough hospital in trouble: A state resort areas.” Officially undecided: Gov. Andrew Cuomo, who is expected to state his position by January. task force met to discuss Brooklyn’s sickly hospitals, determining that a third of them have liabilities exceeding their assets, making more bankruptcies and mergers almost certain to AND THE PEOPLE? Quinnipiac University released poll results last week revealing that 56% of registered voters support non-Indian casinos, and follow. ¶ Many of the borough’s hospitals have long neglected buildings and equipment, even 64% agree that casinos would benefit the economy. as they continue to face cuts to their Medicare and Medicaid rates. With their numerous poor WHAT DO INDIAN TRIBES THINK? About what you’d expect. Only out-of- and uninsured patients who too often show up in the emergency room instead of doctor’s state gambling companies and their shareholders will profit, argued Ray offices and walk-in clinics, Brooklyn’s hospitals should expect major restructuring at the very Halbritter, an Oneida Nation representative, in a recent newspaper least.The state simply doesn’t have enough cash to throw at the problem anymore. opinion piece. —amanda fung

FULL TILT POKER SCAMMED ITS ONLINE PLAYERS OUT OF MILLIONS, prosecutors in Manhattan said. U.S. Attorney Preet Bharara’s charges that Full Tilt Poker paid its board members, including poker greats Howard Lederer and Christopher Ferguson, $440 million from funds that the company said would be available for its players to withdraw at any time. Mr. Bharara said Full Tilt insiders lied about the security and safety of its players’ money. Ireland-based Full Tilt was already charged with bank fraud, illegal gambling and money laundering. … CHINATOWN WINS A BID. The City Council voted to create a new business improvement district in Chinatown. Despite local opponents’ concerns that the fees would be too steep, the BID claims the costs will be low, with 34% of property and business owners paying less than $200 annually and 74% paying less than $1,000. … NYC IS TAKING 628 JOBS FROM NEW JERSEY as British media giant Pearson Plc plans to consolidate some of its New York area operations into Manhattan’s Hudson Square neighborhood. Pearson, whose holdings include Pearson Education, Penguin Books and the Financial Times, will relocate the jobs from Upper Saddle River, N.J., in the next three years.The city’s Economic Development Corp. offered a total subsidy package of $50 million, which the company chose over Jersey’s $82.5 million proposal to move the jobs to Hoboken. … 7 WORLD TRADE CENTER FILLED ITS LAST VACANCY. Developer Larry Silverstein announced that the building was fully leased after investment firm MSCI signed an agreement to take two floors of the tower. It’s a happy ending for a former white elephant. … CITY SHOPPERS WILL DROP $215 MILLION AT SUBURBAN WALMARTS. Wal-Mart Stores Inc. said New York City residents will spend 10% more than last year at area Walmart stores, based on credit card information and other store data.The company is publicizing the figures as another reason why it should open stores in New York City, which it says is losing about $7.7 million in sales tax revenue via Walmart sales. —rebecca olles HOORAY! OY VEY!

THE KNEELING FIREMAN THE SUBWAY RAT STATUE found a POPULATION is permanent home in front exploding from of Emigrant Savings less frequent trash Bank in midtown, 10 pickups, claimed years after the MTA workers Firefighters protesting budget Association of cuts . Missouri donated it. buck ennis

September 26, 2011 | Crain’s New York Business | 35 CN014602 9/6/11 12:35 PM Page 1