20141215-NEWS--0001-NAT-CCI-CN_-- 12/12/20147:02PMPage1

0 71486 01068 5 50 newscom VOL. XXX,NO.50 the businessmanheis. like thecity whofor12yearsran Bloomberg, ofMichael the departure dreamsfor were bracing Hall—these ofabusinesscommunity thefever woulddoomNew York City. ofthe1%, pockets anunabashedpopulisteyeingthe bulging ofBilldeBlasio, mayoralty manybusinessowners feared thattheimpending This timelastyear, BY ANDREWJ.HAWKINS ofCity Hallagenda wary remain The skydidn’t fall, butbizexecs NEWSPAPER The fears have since receded, but the private sectorstillfindsitself but theprivate havesincereceded, The fears populatingCity sympathizers Sandinista crime, rising Higher taxes, CRAIN’S Mayor deBlasio: WWW.CRAINSNEWYORK.COM E OKBUSINESS YORK NEW Year One See FIRST YEARonPage19 See FIRST clout of do-good capitalism clout ofdo-goodcapitalism marketing arepushingthe Entrepreneurs REPORT SMALL BUSINESS h eppcee r Nislickhad gained Mr. The deep-pocketed deBlasio’s office. meetings maintainedbyMr. accordingtoalistoflobbying public advocate, thenthecity’s deBlasio, Nislick metwithBill Stephen real estateexecutive 2013, In January BY CHRISBRAGG at stakeforactivist thanhorses More THE INSIDER ® PAGE 11 See HORSEonPage5 PAGE 21 reason tosing have agood MOSCOW57 STAFFERS AT $100M annuallosses end EinsteinCollege’s to sellrealestateand University pressured limited bytheirliquidity.” thingsaround toturn is ability “Their Karen KedemtoldCrain’s Moody’s leadanalyst of theissue,” deficits.” operating addressingbefore itsdeep successfully could exhaustunrestrictedliquidity Yeshivathat possibility raised “the thereport crunch, a potentialcash enough.Citing produce results quickly Yeshiva’s maynot efforts restructuring thatsuggested port credit-rating re- issueda Service Moody’s Investors the Bronx. Centerin Medical and Montefiore tween Einstein joint venture be- ing dealtocreate a ing thenow-falter- andstrik- vestors, placement toin- private million completing a$175 off real estate, recent yearsselling officials havespent Yeshiva University credit rating, junk-bond-status ’s fraudscheme. Bernard Madoff million hitfrom formertrustee $100 toareported losses datingback pressure toaddress ontheuniversity more financial may bederailed,putting lege ofMedicine Yeshiva University EinsteinCol- of money-losingAlbert thefinances A dealmeanttostabilize BENSON BY BARBARA Yeshiva U bleeds school Medical “Our analysis speakstotheseverity analysis “Our But lastweek, Hobbled witha City’s BIDs largest DECEMBER 15-21, 2014 PRICE:$3.00 See MEDSCHOOLonPage20 THE LIST PAGE 13 Medicine College of Einstein Albert LOSSES SHARE OF 2/3 2014 as ofSeptember University for Yeshiva ANNUAL DEFICIT ESTIMATED $150M debt Yeshiva University RATING STATUS CREDIT JUNK-BOND- B3 last week. for from 20141215-NEWS--0002-NAT-CCI-CN_-- 12/12/2014 6:28 PM Page 1

REPORTER’S NOTE

Junk bond FYICRAINSNEWYORK.COM

Ladies and gentlemen, presenting the Wall Street quote of the year: “I would crawl on broken glass Boroughs get up to speed dragging my exposed junk to get in city’s Wi-Fi kiosk plan this deal.”This head-snapping line came from a toy-industry analyst at oroughs outside will be 1-gigabit-speed Wi-Fi kiosks investment bank Needham & Co. getting faster who seemed willing to do, well, than originally planned under a citywide Aaron Elstein B just about anything for a customer. pay-phone franchise agreement approved last In this case, the customer was retail week. ¶ That change and others led the Franchise and Concession Review Committee newscom giant Toys R Us, which was looking for banks to help to Scott Stringer manage an initial public offering four years ago unanimously approve the deal. It also pleased Comptroller and the five borough (though the quote came to light last week). Alas, the presidents, who had criticized the rollout as being unfair to the Bronx, , Queens and CityBridge Financial Industry Regulatory Authority said Staten Island. ¶ Plans for the $200 million project, to be built by the consortium, called for Staten Island and the Bronx to have more kiosks than Manhattan with speeds Needham and nine other firms were a wee bit originally of 100 megabits per second excessive in their enthusiasm for the deal, and fined —faster than what’s in most households but a tenth the speed of a them $43.5 million for promising Toys R Us that gigabit connection—when the eight-year plan is complete.That was partly because the speeds their research analysts would say only good things had been tied to which kiosks carried advertising, an arrangement that favored Manhattan. Now hundreds of gigabit-speed kiosks that don’t have advertising will be installed in the boroughs about the retailer after the IPO.The case reminds me of the Nasdaq-bubble days, when analysts like during the first four years of the project. ¶ There will still be 7,500 kiosks at the end of eight years, Lynch’s Henry Blodget, Salomon Smith with the biggest number in Manhattan, but the plan now is to make them all 1-gigabit speed where Telebeam Telecommunications Barney’s and Morgan Stanley’s Mary possible. ¶ One cloud still hangs overhead, however. , a firm that Meeker routinely raised their opinions on stocks to competed to build the network, sued the city, charging it with giving CityBridge monopoly win investment-banking business for their firms. A control of public pay phones in violation of the Telecommunications Act of 1996.The city said it New York attorney general named is reviewing the papers and remains committed to the plan. —matthew flamm forced an end to that. But old habits die hard, and DEVELOPMENT GRANTS. New York costs, leaving it “marginally prof- the Needham analyst wasn’t the only one to go gaga City will receive $61.2 million of the itable.”… MERCY FOR MADOFF AIDES. HOORAY! over the chance to work with Toys R Us. Upon $709.2 million being given out A government lawyer criticized U.S. QUEENS WAS through Gov. Andrew Cuomo’s Re- District Court Judge Laura Taylor NAMED the concluding a meeting with the company’s No. 1 U.S. gional Economic Development Swain, who presided over the cases of tourist management and owners at Kohlberg Kravis Council awards. Only three other four former Bernard Madoff employ- destination by Roberts and Bain Capital, a Goldman Sachs analyst state regions received fewer funds. … ees involved in the Ponzi scheme, as travel INSIDER-TRADING SETBACK. guidebook emailed that he was “EXTREMELY EXCITED” A federal being too soft. Last week in Manhat- Lonely Planet. court put the brakes on prosecutors by tan, the defendants received a com- and “APPRECIATE[D THEIR] TIME.” But determining that to obtain an insider- bined 21 years behind bars, less than istockphoto when a Deutsche Bank analyst wasn’t sufficiently trading conviction, it must be proved half the 56 years recommended by the OY VEY! bullish at a meeting with Toys R Us, an investment that a defendant knew the informa- court’s probation office. … BROKER- tion was confidential and that it was AGE DEAL. Privately held Cushman & A MISTLETOE DRONE at the TGI Fridays banker bemoaned: “Firm totally screwed up—all is in Sheepshead Bay, Brooklyn, hit a provided in exchange for something Wakefield is reportedly close to buy- photojournalist in the face, chipping off lost.” By the way,Toys R Us never went ahead with personally beneficial. The narrower ing Manhattan-based Massey Knakal the tip of her nose. the IPO. At least the Needham guy got to keep his definition led the court to overturn the Realty Services for $100 million. … junk covered. 2012 convictions of former hedge- COP INSPECTOR. In the wake of Eric fund traders Todd Newman and An- Garner’s chokehold death, the City thony Chiasson. The Council has ordered THIS WEEK IN CRAIN’S ruling could bolster ‘I’m off to newly appointed the appeal of SAC NYPD Inspector Capital Advisors’ shoot some General Philip Eure THE INSIDER ------1 Michael Steinberg. to probe the depart- FEDERAL EBOLA hoops now or IN THE BOROUGHS------3 … ment’s handling of FUNDING. A proposed whatever it is officers who have a to focus on blogging. He has named a IN THE MARKETS------4 spending bill by Con- history of run-ins seven-person managing board, of REAL ESTATE ------7 gress would offer $5.4 you do’ with citizens. … which he will be a member,to lead the billion in new funding —Prince William, at a NATURAL GROWTH. firm. … ED CHIEF TO D.C. New York OPINION------8 for Ebola response in reception for wildlife The American Mu- State Education Commissioner John nonprofit Tusk Trust, GREG DAVID ------9 . It seum of Natural His- King Jr.will leave to become senior ad- would include cash to before heading to a tory is planning a viser to Arne Duncan, the U.S. secre- ALAIR TOWNSEND ------10 train workers and basketball game at $325 million, six- tary of education. … BLOOMBERG Barclays Center REPORT------11 repay Bellevue Hospi- story addition along EDITOR. Matthew Winkler, Bloom- tal for Dr. Craig Columbus Avenue berg News’ co-founder and editor in THE LIST ------13 GOTHAM GIG Spencer’s treatment. … BIG CITI dedicated to scientific research and chief since 1990, stepped down and Tanjila Islam’s international CLASSIFIEDS ------17 CHARGE. The bank will take $3.5 bil- education. … GAWKER RESHUFFLES. will be replaced by John Mickelthwait, background helps make lion in charges during the fourth quar- Nick Denton, president of Gawker editor in chief of The Economist. NEW YORK, NEW YORK ------21 global connections for her ter, including $2.7 billion in legal Media, will step down from that role —emily laermer online clothing firm. P. 6 SOURCE LUNCH------22 CORRECTIONS (SEE PAGE 19) STORIES TO WATCH THIS WEEK vol. xxx, no.50, december 15, 2014—Crain’s New York Business (ISSN 8756-789x) is published weekly,except for double issues the weeks of June 23,July 7,July 21,Aug.4,Aug.18 and Dec. 22, by Crain Communications Inc., 685 Third Ave., New York, NY 10017. Periodicals postage paid at New York, N.Y., and additional mailing offices. Postmaster: Send address changes to: Dec. 16: Board of Dec. 17: Gaming Dec. 18: Final Dec. 19: Public Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, Standards and Commission’s episode of The hearing on Dept. MI 48207-2912. for subscriber service: Call (877) 824-9379. Fax (313) 446-6777. $3.00 a copy, $99.95 one Appeals hearing on casino board Colbert Report of Correction’s year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2014 by Crain Communications Inc. All rights reserved. NY-Methodist announces decision airs. ‘enhanced supervi- Hospital expansion on licenses. sion housing’ plan

2 | Crain’s New York Business | December 15, 2014 20141215-NEWS--0003-NAT-CCI-CN_-- 12/12/2014 6:43 PM Page 1

IN THE BOROUGHS QUEENS Residents call parks their own In Bayside, ‘squatters’ tend to vacant land. City wants it all back

BY KERRY MURTHA

Residents of Bayside, Queens, insist that they really did take good care of the six acres of parkland tucked be- hind their homes along 207th Street. For years, that narrow strip along the Clearview Expressway between 23rd and 26th avenues had been a place where neighbors played baseball, rode bikes and walked their dogs. And because the city had aban- CHEERS? MORE LIKE JEERS doned the property, area residents regularly mowed the grass, planted trees and shrubs, cleared walkways and in some instances built garden FOR PROPOSED BEER MERGER sheds on it. But when officials at the

istock city’s Parks Department finally got wind of what was going on, they Bodega owners, tween two local giants to protest lease a 23-page report on how con- eyeing the merger as a result of their cried foul. how suds are sold in New York. solidation in the beverage industry efforts. In May 2010, the Parks Depart- small distributors Bronx-based Manhattan Beer has created a beer monopoly. Manhattan Beer Distributors, ment sent out a blizzard of letters say fewer choices Distributors and Brooklyn’s Smaller distributors and stores are the 32nd-largest privately held demanding that homeowners “give Phoenix/Beehive Beverage Distrib- forced to pay higher prices and are company in the New York metro back the land” and remove any and will raise prices utors are in talks to merge,which has unable to compete with larger re- area, according to Crain’s, does not all fixtures placed on city property. set off a firestorm of activity aimed tailers and distributors that get fa- yet have a signed deal with Outraged residents protested,but in at halting the transaction. vorable pricing. Phoenix/Beehive, and a spokes- the end,after a heated two-year bat- BY LISA FICKENSCHER On Dec. 17, the trade groups The campaign will unveil leg- woman declined to describe the tle, the city prevailed. representing some 13,000 bodega islative initiatives, and its support- transaction or talks. She added, Now the Parks Department is A battle is brewing as a group of owners in New York City and about ers say the U.S. Department of Jus- “Our hope is to have the deal con- hoping to build on that success, us- bodega owners and beer distribu- 100 independent beer distributors tice and New York state Attorney summated within the next few ing it as a model to go on the offen- tors are using a potential merger be- will hold a press conference and re- General Eric Schneiderman are See BEER on Page 20 See PARKLAND on Page 19 App-service startups, labor STATS AND THE CITY by Nicholas Wells SNAIL’S PACE: Last week, the pro-transit Straphangers Campaign handed out its infamous awards for the slowest and least reliable bus services. clash over use of freelancers With 4.3 million workers in the city, commuting is a classic New York kvetch. AVERAGE SPEED, PORTION of buses that arrive workers, hiring them as independ- tractors to deliver services via mo- 3.2 in mph, of the 33%too far apart or too close to each Independent ent contractors yet insisting they be- bile apps. M79 bus, the slowest in other on the M15 line, winner of the 2014 contractors not so have like full-time employees. “I think the model that we’ve the city and the winner Schleppie award for most unreliable bus route The suit against Handy—simi- adopted is allowing people to work of this year’s Pokey award. independent in the lar to ones filed in California last in a way that wasn’t previously The average person walks DAILY INCREASE in year by drivers working for car serv- imaginable,” said Handy CEO 3.5 mph +94.7%Manhattan’s population. sharing economy Some 1.5 million people travel to the island for Oisin Harrington. “It just doesn’t work each day jibe with the way that the people BY THORNTON MCENERY Lawsuits versus who conceived the laws thought the world would work.” Handy,the Silicon Alley-based mo- Handy, Uber, The idea of working how you bile app for booking housecleaners, want when you want may be com- plumbers and handymen, has raised Lyft suggest mon in the tech world but can con- $37.3 million in venture capital this flict with how the U.S. has legally year, acquired two smaller competi- trouble ahead structured much of its labor force. tors and been called the “ of “Independent contractors are home services.” It can also lay claim supposed to be businessmen with COST of a subway to the newest symbol of success in their own businesses,” explained SIZE, in square $1.20 ride in 1913, adjusted the on-demand service economy: Barry Saltzman, a labor attorney 280K feet, of PATH to 2014 dollars. Today it’s $2.50 being named as a defendant in a la- ices Uber and Lyft—suggests an and partner at law firm Pitta & Gib- tunnel surfaces power-washed bor lawsuit. emerging clash of cultures between lin. “An independent contractor is a since February to eliminate residue Sources: NYPIRG, U.S. Census, left by Superstorm Sandy. That’s Port Authority of New York and New Jersey, A civil suit filed by two Handy tech startups and organized labor housepainter who comes in his own Metropolitan Transportation Authority, the equivalent of 44 football fields Bureau of Labor Statistics housecleaners in a California court that could ensnare e-middlemen truck to paint your house on his own newscom alleges the company violates labor like Shyp, Caviar, MakeSpace and time. [The employer] can’t tell him ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY standards by how it classifies its others that use independent con- See TECH FIRMS on Page 20

December 15, 2014 | Crain’s New York Business | 3 20141215-NEWS--0004-NAT-CCI-CN_-- 12/12/2014 6:27 PM Page 1 IN THE MARKETS by Aaron Elstein

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101 WE ARE HERE WE ARE HERE 121 118

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110 116 117 131 134 102 128 129 130 132 109 111 115 114 WE ARE HERE 133 WE ARE HERE 105 WE ARE HERE 103 104 108 113

106 107 112 MAP KEY

G & S G & S

G & S G & S ap images

No one knows their way around America’s shopping centers like Goulston & Storrs. No more hedging Ranked nationally by Chambers USA as a leader in retail, we’ve done deals in all 50 on hedge-fund fees states, Puerto Rico and Canada. Whether you’re a big box tenant or a specialty boutique, we can help. et you didn’t know the city paid more than a half- billion dollars last fiscal year to Wall Streeters who Bmanage pension funds for teachers, police, firefighters and other municipal workers. Bet you also didn’t know the Join our List for Event Notifications and Email Alerts fees have doubled since 2007 and quintupled in the past de- cade.The escalation has to stop, said City Comptroller Scott www.CrainsNewYork.com/Newsletters Stringer (above), a trustee for the city’s $160 billion pension system. “I am very concerned about the amount of fees we’re paying,” he told Crain’s last week. “We are looking at this.”

The first thing Mr. Stringer pension system has followed others could do is fire the hedge-fund in its field by investing billions in managers. It’s a no-brainer, really. private equity and real estate in the The city’s $3.4 billion hedge-fund hopes that these “alternative invest- portfolio returned 6.8% in the year ments” would help protect against ended June 30. That’s way below the gyrations of the stock and bond the 24% returned by the S&P 500 in markets. Private-equity managers the same 12 months and the 16% charge similar rates as their hedge- returned by a Vanguard balanced in- fund brethren—2% of the assets, dex fund composed of 60% stocks 20% of the profits—but at least and 40% bonds. It even falls short there’s the argument that the ex- of an 8.6% benchmark for hedge pertise of the Blackstones and funds set by the city. Apollos is worth paying for. Nor did the sad-sack perform- It’s getting tougher to make that ance come cheaply. The city paid case for hedge-fund managers. Be- hedge-fund managers $112 million tween 2009 and 2013,they returned in fees for the 12-month period,ac- 8% per year as a group, according to cording to an analysis by Crain’s. research firm HFR, or about half the The research also shows the city pace of the S&P 500 and below the reaped about $220 million from its 13% annual return of a balanced hedge-fund holdings,which means mutual fund. The combination of one-third of all proceeds went into high costs and subpar returns led the pockets of fund managers the California Public Employees Retire- rather than help meet commit- ment System earlier this year to say ments to retirees.That’s simply un- sayonara to hedge funds. affordable for a pension system Of course, there’s no guarantee that, under the most charitable ac- the city pension system’s perform- counting, has only 72.5 cents on ance would improve dramatically if hand for every dollar in obligations. it ditched hedge funds.But,at least, To be clear, it’s not only hedge- more of its gains would go to retired fund investments that have caused teachers or firefighters instead the pension plans’costs to soar dur- making money managers even ing the past 10 years. The city’s wealthier. Ⅲ

DECLINE IN THE STOCK PRICE this year of Fairway 84% Group Holdings. The popular supermarket chain has struggled financially since going public in 2013. Last week, it said that Howard Glickberg, who was instrumental in building the

buck ennis company, would retire, effective immediately.

4 | Crain’s New York Business | December 15, 2014 20141215-NEWS--0005-NAT-CCI-CN_-- 12/12/2014 7:02 PM Page 1 THE vance continues to represent Edi- A spokesman for the mayor said the son. NYCLASS dropped Advance 2013 lobbying meeting with Edison INSIDER as its lobbyist in May amid reports concerned “parking rules and regu- of the FBI probe, but links between lations, specifically things like re- Edison and the animal-rights ef- quired parking minimums.” Devel- cupied by stables for carriage hors- forts remain, despite the company’s opers have been asking the city to es, but there’s no evidence Edison insistence that Mr.Nislick’s political slash parking mandates, which re- has an inside track to buy that land. efforts are unrelated to Edison. duce projects’profits.In May,the de For his part, Mr. Nislick, who is In January,NYCLASS relocated Blasio administration promised it married to a longtime animal-rights out of Advance’s offices into a Hud- would “re-examine”the mandates as activist and owns four horses, wrote son Square building owned by Edi- part of its push to expand the city’s in a blog post this year,“I will not bid son. NYCLASS uses Edison build- affordable-housing inventory. on any property if it is put up for sale, ings for events, including a The mayor’s support would be nor will anyone else in our organiza- fundraiser for the animal-rights essential for the 7-train expansion to tion.”And a NYCLASS spokesman group headlined by Mr. de Blasio move forward, but he has not pub- said, “Steve is not involved in New shortly after his election. licly shown interest in it. Mr. York City real estate development Moreover, campaign-finance Gottesman has expressed confi- issues in any way.” records show that in August 2013, dence that advocacy efforts will But neither Edison nor the Nislick-funded New York City succeed. NYCLASS would discuss any fi- Is Not for Sale received $50,000 “I am convinced that after a year nancial interests Mr.Nislick still has from Eco Classics—a company that or two of lobbying, we’ll begin to with the company, and he took part shares a Newark address with Edi- gain traction, or else I wouldn’t be in multiple meetings about extend- son Properties. doing this,” he said in a March in- ing the 7 train with Edison’s lobby- terview. ing firm, the Advance Group, at- Family company Edison Properties has supported tending one gathering as recently as The Edison spokesman said Mr. Mr. de Blasio’s fundraising efforts early 2014,a source said.Mr.Nislick Nislick runs Eco Classics, which is since he took office: The company denies attending any such meetings. separate from Edison, and that Mr. donated $25,000 in March to the Six days after Mr. de Blasio’s in- Nislick simply used Edison’s ad- mayor’s nonprofit lobbying arm, auguration in January 2014, Edison dress “to receive non-Edison- Campaign for One New York, inked a $7,500-a-month lobbying related mail.” which was set up to lobby the state contract with Manhattan-based At the family-run Edison Prop- for prekindergarten funding. Mr. de buck ennis Advance—which had orchestrated erties, founded in 1956 and now Blasio has said that such donations the anti-Quinn political action with nearly 600 employees, many of have no impact on his decision- committee and NYCLASS’own ef- the top executives are related. Mr. making as mayor. Horse activist’s ties forts to undermine Ms.Quinn’s bid. Nislick is a cousin of the Gottes- Mr. Nislick once famously de- Advance’s political consulting activ- mans and a trustee of a Gottesman clared that contributions do sway ities during the campaign season are family trust. elected officials. At a NYCLASS Continued from Page 1 by Mr. Nislick named New York now reportedly being investigated Mr. Nislick is also a consultant fundraiser in 2011—surreptitiously clout with the soon-to-be mayor as City Is Not for Sale—buoyed by by the FBI, and last week for Hugo Neu Corp., an e-recycling recorded by a horse-carriage driv- the founder and major funder of hundreds of thousands of Mr. Nis- NYCLASS was fined $26,000 by company owned by Wendy Neu,an- er—he stated, “Even if it’s a moral- animal-rights nonprofit NYCLASS. lick’s personal dollars—spent more the Campaign Finance Board for other major funder of NYCLASS ly corrupt investment, you know But that day, he was not there to than $1 million to take down then- violations stemming from its work and New York City Is Not for Sale. what, you’ve got to do it.”Ⅲ make the group’s case for a citywide mayoral front-runner Christine with Advance. It is unclear what progress Edi- ban on horse-drawn carriages. In- Quinn, who had refused to support As Advance and NYCLASS son has made with the de Blasio ad- LISTEN to a discussion at stead, Mr. Nislick focused on his the horse-carriage ban. blame each other for the fine, Ad- ministration on its business agenda. CrainsNewYork.com/podcasts longtime development firm,Edison Mr.de Blasio,meanwhile,vowed Properties, and transportation and to enact the ban during his first week parking issues, records show. Mr. as mayor. Mr. Nislick hosted a Nislick, who had left as Edison’s fundraiser for Mr. de Blasio and CEO in late 2012 after four decades gave his campaign the maximum but remained a consultant to the $4,950 donation, with equally large company, was accompanied by gifts coming in from Mr. Nislick’s Jerome Gottesman, Edison’s chair- and Mr. Gottesman’s wives days be- man. A company spokesman con- fore the January 2013 lobbying firmed the meeting and its topics. As Mr. de Blasio promotes a bill With to ban horse-drawn carriages,fulfill- Lobbying on ing his promise to Mr. Nislick and other activists who helped elect him, parking rules Gratitude Edison Properties is pushing its own agenda to the administration, which and to extend could net the company a windfall. Edison and its related companies the No. 7 train own some 40 parking lots and garages, and have made a fortune To all of our clients, constructing everything from Man- hattan Mini Storage facilities to lux- we would like to say a heartfelt ury apartments on their extensive roster of parcels. Edison is also meeting. Earlier this year, Mr. de THANK YOU. pushing a plan to extend the No. 7 Blasio defended Mr. Nislick as a train from Manhattan’s West Side, “good man” after Mr. Nislick sug- We appreciate your business and where it owns properties,to a Secau- gested he might slug a female Daily the confidence you continue cus, N.J., site, where a major Edison News photographer at a press con- parking facility sits next to a New ference. to show in us. Jersey Transit hub. Mr. Nislick’s animal-rights ac- tivism and desire to ban horse car- ‘Good man,’ the mayor says riages seem genuine, say those who Three months after the lobbying know him. Carriage drivers have meeting with Mr. de Blasio, a polit- long suspected that Edison lusts for ical action committee co-founded the prime West Side real estate oc-

QUOTE OF THE WEEK: ‘I hear the horror 600 , 3rd Floor stories on a regular basis’ New York, NY 10022 —Department of Buildings Commissioner Rick Chandler, on complaints about his agency’s inefficiency 212.776.1202 • lee-associatesnyc.com

December 15, 2014 | Crain’s New York Business | 5 20141215-NEWS--0006-NAT-CCI-CN_-- 12/11/2014 5:05 PM Page 1

BUSINESS

Portion89% of U.S. firms planning holiday parties this year, up from 68% in 2011 PEOPLE Source: Challenger Gray & Christmas Inc.

EXECUTIVE MOVES

Loews Hotels & TANJILA ISLAM’s Resorts: S. Kirk TigerTrade aims to Kinsell, 59, joined alleviate global the operator of poverty through hotels and resorts as commerce. president and chief executive. He was previously president of the Americas at InterContinental Hotels Group. United Realty Advisors: Steven Kahn, 48, joined the firm as chief financial officer. He was previously senior vice president at SL Green Realty Corp. KPMG: Nathan Ploener, 54, joined the audit, tax and advisory services firm as managing director. He was previously senior trial attorney at the U.S. Commodity Futures Trading Commission. Todd Dubner, 46, joined as a principal. He was previously a principal at Boston Consulting Group. Insight Venture Partners: Nick Sinai, 38, joined the global private-equity and venture-capital firm as venture partner. He was previously U.S. deputy chief technology officer at the White House. Real Estate Board of New York: John Banks, 53, will join the industry trade group as president, effective March 2. He was previously vice president of government relations at Consolidated Edison. GMR Marketing: Matt Hill, 35, joined the global engagement marketing agency as senior vice

buck ennis president of global sports and entertainment consulting. He was GOTHAM GIGS previously director of business development at the National Football League. Nickelodeon: Cathy Galeota, 49, was promoted to senior vice president of preschool current series. She was previously vice president of preschool She puts her stock in trade current series. PlaceIQ: Nadya Kohl, 48, joined the location- Online clothing firm makes connections worldwide intelligence- services company Shortly after the U.S. declared an end to major Her goal is to reduce poverty by promoting trade. as senior vice ‘I wanted president of combat operations in Afghanistan in 2003, then- ¶ The profitable online platform now links at business to make 23-year-old Tanjila Islam stepped off a plane in least 6,500 firms globally and generates annual development. She was previously global head of strategy the war-torn country. She was tasked by the U.S. revenue in the “millions of dollars,” Ms. Islam and business development at real Agency for International Development to help said. More than 70% of business comes from Experian Marketing Services. Solomon R. Guggenheim Museum: Troy change develop agricultural trade for Afghan farmers. ¶ wholesalers, retailers and brands looking to sell Conrad Therrien, 33, joined as curator “It was a postapocalyptic war zone,” Ms. Islam, excess inventory to the global market. Foreign of architecture and digital initiatives, and create now 34, said. “But this work is my passion.” ¶ businesspeople typically travel to meet Ms. Islam a newly created position. He was previously chief architect of digital jobs’ Her interest in global economics eventually led in person at her office and showroom in the communications and research at Ms. Islam to Southeast Asia, where she designed garment district. ¶ “It’s an old-school, mostly Columbia University and a partner at Therrien-Barley. and managed trade programs for factories in offline business,” said Ms. Islam, who speaks Brooklyn Academy of Music: John Bangladesh and Indonesia.That led to the 2010 English, Arabic, Bengali and Spanish. ¶ Ms. Lanasa, 44, joined the multi-arts center as vice president of marketing launch of her own company,TigerTrade, an Islam was born in New Orleans and raised in and communications. He was online platform based in New York City that Saudi Arabia, where her father worked as an previously director of client services at connects clothing buyers and suppliers around engineer. She also traveled to her parents’ native Situation Interactive. MediaMath: Eric Picard, 46, joined the the world. ¶ “I wanted to make real change and Bangladesh. Ms. Islam recalled being struck by advertising-technology firm as vice create jobs,” Ms. Islam said. “In my previous “appalling” levels of poverty and income president of strategic partnerships. He was previously chief executive at work, we got the biggest bang for our buck when inequality early on. “There’s enough to go Rare Crowds, which he co-founded. we connected companies with other companies.” around,” she said. —ken christensen —nazish dholakia

6 | Crain’s New York Business | December 15, 2014 20141215-NEWS--0007-NAT-CCI-CN_-- 12/11/2014 6:30 PM Page 1

REAL ESTATE

Mr. Chandler acknowledged that gaps in the department’s existing PERSON OF INTEREST Snapchat lands atop online system have dampened users’ enthusiasm for it. BROOKFIELD EXEC JUMPS TO RXR “We want to do as much work as possible electronically and elimi- PHILIP WHARTON, the Brookfield Office old Times building nate the physical back-and-forth,” Properties executive hired in 2012 to Mr. Chandler said. spearhead the Canadian developer’s 10 napchat, the app that has The commissioner,who took of- million-square-foot pipeline of projects in the grown into a juggernaut val- fice in July, also floated an idea of U.S., including its massive Manhattan West ued at billions of dollars by conducting inspections after nor- complex, has left the company and joined letting users send messages mal business hours on weekdays and RXR Realty. that automatically delete af- even on weekends. As an executive vice president, he will Ster a few seconds, has signed on for a “It’s something we are asked all focus on residential development in the multiyear stay at the old New York the time: Why don’t we do what the New York metro area. RXR has branched Times headquarters at 229 W. 43rd St. Fire Department does?” he said, re- out of late, after being known primarily for The Venice, Calif.-based company ferring to inspections during off- acquiring and repositioning big commercial is taking about 27,000 square feet at neoscape hours. “We’re not doing that now, properties, such as the sprawling Starrett-Lehigh Building on the West Side. the top of the building that the paper left behind seven years ago, when it but we should be able to do that.” “Over the last two years, we have been focusing on urban, suburban and decamped for Eighth Avenue.Snapchat will take the upper two floors of the Another cause of delays in pro- transit-oriented developments in the boroughs and beyond, which tend to be 16-story property, where asking rents are $85 per square foot. cessing permit applications is that more mixed-use projects,” said Scott Rechler, the firm’s chief executive. The deal will bring Snapchat,which critics have called a vehicle to send in- many of them come in incomplete. That shift comes as more and more professionals who are flocking to New appropriate or even sexually explicit messages,to an area once famous for hous- Mr. Chandler said that some devel- York City from around the world find they cannot afford to live here. Instead, ing the city’s greatest concentration of peep shows and erotic-themed shops. opers will deliberately submit in- they must look ever deeper into Brooklyn, Queens and the Bronx, as well as The 750,000-square-foot building is owned by private-equity giant the complete applications, looking to semiurban downtown areas along public-transit routes in markets such as Blackstone Group. A team from Newmark Grubby Knight Frank handles the department for free advice on , Westchester, New Jersey and Connecticut. With that in mind, leasing there. —daniel geiger how to complete them. RXR recently has had several plans approved for large-scale, mixed-use And some builders undertaking ment of Buildings, Commissioner unique or difficult projects go a step development projects with a total of more than 4,000 apartments in the Buildings commish Rick Chandler said at a Crain’s Break- further and simply submit a rough tristate area. outlines plans fast Forum last week. description to see if the DOB be- And rather than sell the parcels to another developer with permits in hand, The agency’s new online sched- lieves the project would eventually the firm decided to add Mr. Wharton to a team that also includes Seth Extended inspection hours and a uling portal, dubbed Hub Inspec- be feasible. That process comes Pinsky, former head of the city’s Economic Development Corp. Their objective major upgrade of the city’s three- tion Ready, is slated to go live early closer to pure consulting, which is is to build the projects and then hold them long-term. year-old electronic-filing system are next year. It will allow people to file why Mr. Chandler proposed charg- “RXR wants to do more multifamily wherever it makes sense,” Mr. among the ideas under considera- inspection requests and eventually ing a fee going forward. Wharton said, “especially since there are a lot of opportunities out there to do tion at the New York City Depart- view inspection results via the hub. —nazish dholakia mixed-use projects.” —JOE ANUTA Spectacular Sublease Available 2500 Halsey Street | Bronx, New York 10461

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December 15, 2014 | Crain’s New York Business | 7 20141215-NEWS--0008-NAT-CCI-CN_-- 12/12/2014 6:51 PM Page 1

OPINION CRAIN’S NEW YORK BUSINESS

The mayor’s horse snit Rance Crain editor in chief publisher, vp Jill R. Kaplan ayor Bill de Blasio finally introduced since 1858 would send a terrible anti-business message. EDITORIAL If the mayor and the City Council were motivated to help editor Glenn Coleman his long-promised bill to ban horse- managing editor Jeremy Smerd drawn carriages this month. Despite animals, there are surely better places to start than with these deputy managing editors Valerie Block, Erik Ipsen having vowed to terminate the tiny 200 horses that get attentive care from handlers and assistant managing editors Barbara Benson, tourism-industry staple on his first veterinarians, don’t work in hot or cold weather, and enjoy Erik Engquist senior news producer Amanda Fung day in office, he’d waited because the five weeks of vacation in bucolic meadows. contributing editor Elaine Pofeldt measure apparently lacks the votes in Americans eat 10 billion domesticated animals every year, columnists Greg David, Steve Hindy, Alair Townsend senior reporters Theresa Agovino, the City Council to pass, and the mayor wasn’t about to and those factory-farm captives lead miserable lives before Aaron Elstein, Lisa Fickenscher, Matthew Flamm, spend precious political capital when he had so many higher they are slaughtered. Yet our city’s elected officials lift nary a Daniel Geiger, Adrianne Pasquarelli M reporters Joe Anuta, Chris Bragg, priorities to champion. finger for them. If Andrew J. Hawkins, Irina Ivanova, Jonathan LaMantia, Thornton McEnery Truth is, this issue squeezed onto the de Blasio agenda Eliminating swine sympathizers had reporter/videographer Ken M. Christensen only because a small but passionate group of anti-carriage lobbyists and seven- news producer Emily Laermer several hundred web reporter/producer Nazish Dholakia activists spent $1 million to defeat the mayor’s primary rival figure campaign art director Steven Krupinski in the 2013 election, Christine Quinn, who did not support budgets, we’d be deputy art director Carolyn McClain middle-class staff photographer Buck Ennis the ban.The horses have nothing to do with Mr. de Blasio’s debating a bacon ban copy desk chief Steve Noveck carriage jobs right now. copy editor Thaddeus Rutkowski oft-stated mission to reduce inequality, and the mayor data editor Suzanne Panara himself showed no interest in banning carriages until the contradicts The carriage-ban researchers Jessica Kramer, Nicholas Wells activists emerged as a potent political force. If anything, bandwagon wants the ADVERTISING Mr. de Blasio’s mayor to enact a advertising director Joanna Harp eliminating several hundred middle-class carriage jobs is sales manager Irene Bar-Am contradictory to Mr. de Blasio’s calling. prohibition that lacks senior account managers calling Jill Bottomley Kunkes, Courtney McCombs, Perhaps the mayor truly thinks the horses are out of their public and labor Rob Pierce element in the city, but the circumstances suggest he is support while account managers Zita Doktor, Stuart Smilowitz sales coordinator LeAnn Richardson checking off a box for wealthy campaign supporters, not somehow keeping the credit manager Jason Hogan (313-446-0353) pursuing a core belief that some sort of equine rescue carriage industry CUSTOM CONTENT, EVENTS AND PRODUCTION operation is needed. We certainly hope the bill’s introduction workers whole.The scheme they cooked up—giving green- director of custom content Trish Henry director of audience & content was merely transactional and that this misguided legislation cab licenses to carriage drivers—won’t fly any sooner than partnership development Michael O’Connor director of conferences & events won’t advance in the City Council, because wiping out a pigs do. A license is not a job, let alone a job that the horse Courtney Williams popular industry that has operated relatively problem-free folks want. It’s time to put this plan out to pasture. events coordinator Adrienne Yee events coordinator & scheduler Alexis Sinclair reprint account executive Alicia Samuel CRAIN’S ONLINE POLL COMMENTS media services manager Niciole Spell ONLINE AND INTERACTIVE SERVICES general manager Rosemary Maggiore IS IT TIME TO TO SUBSCRIBE: RAISE STATE For print and digital subscriptions or customer Department of fun service, e-mail [email protected] LAWMAKERS’ or call 877-824-9379 (in the U.S. and Canada) or PAY? warding than surfing the Web. also needed, financial institu- 313-446-0450 (all other locations). $3.00 a copy for RETAIL RESURGENCE the print edition; or $99.95 one year, $179.95 two —joel binn tions need to pay taxes. Cer- YES. They’ve had no years, for print subscriptions with digital access. I’d like to suggest some alterna- tainly there is a huge distinc- www.crainsnewyork.com/subscribe increase in 15 years. tive reasons for the booming OFF-BASE ON SUBSIDIES tion between support for TO ADVERTISE: It’s no wonder good return of department stores in affordable-housing programs people don’t run for Contact Joanna Harp at [email protected] New York City (“Retailing I often admire Greg David’s and payments to corporations or call 212-210-0278. office. relics roar back,” Dec. 8): point of view. However, I could that threaten to leave the city. www.crainsnewyork.com/advertise YES. But only if they ● Our 50 million-plus visi- not disagree more with his Dec. —carol lamberg FOR INFORMATION ON OUR EVENTS: tors (about half 8 column (“A Contact Courtney Williams at give up their bloomberg news additional jobs and just work for the people. living within 50 double standard UNDESERVED CREDIT [email protected] or 212-210-0257. miles of the city) on tax breaks”). www.crainsnewyork.com/events NO. This corruption-plagued lot doesn’t have to see more It is worse than Re “Amazon gets $5M to bring TO CONTACT THE NEWSROOM: deserve a penny more. than the basic crazy to com- 500 jobs to Manhattan” 685 Third Ave., New York, NY 10017-4024 NO. They’re well paid compared with NYC sites, pare affordable- (CrainsNewYork.com): Does editorial phone: 212-210-0277 restaurants and housing subsi- really fax 212-210-0799 legislators in other states, and plenty of folks Entire contents ©copyright 2014 Crain Communications Inc. would be glad to replace them. museums. Stores dies to subsidies need 500 new jobs? All rights reserved. ®CityBusiness is a registered trademark have become a for financial in- I don’t doubt that the real of MCP Inc., used under license agreement.

Date of poll: Dec. 10 buck ennis part of the visitor stitutions that estate company will benefit 128 votes CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS experience here. may or may not keep jobs in from the long-term lease, but chairman Keith E. Crain ● Evenings out, beyond a New York.The housing subsi- given the people and vehicle 28% president Rance Crain Mary Kay Crain No restaurant or a show, dies allow below-market rents gridlock around 34th Street, it treasurer can leave few options. Tradi- for low- and moderate-income seems that $5 million might Cindi Crain 17% tional places like museums are housing. Nonprofit and for- have been better spent else- executive vp, operations William Morrow Yes closed. Stores add to the over- profit housing developers re- where in the city. executive vp, director of strategic all list of things to do at night. ceive capital subsidies and tax Of course, that raises the operations Chris Crain executive vp, director of corporate ● Destinations like Macy’s benefits to achieve lower rents. question of whether Amazon, operations K.C. Crain have made themselves more in- The lack of affordable a rather successful company by senior vp, group publisher David Klein 17% 38% teresting. With more dimen- housing is certainly a crisis. most standards, should be get- vp/production, manufacturing David Kamis Yes Thomas Stevens No sions and senses engaged, visit- Only the very wealthiest New ting $5 million in tax credits chief financial officer chief information officer Anthony DiPonio ing these stores can be an Yorkers can afford market-rate from New York state in the experience that’s far more re- housing. Although jobs are first place. —elinor founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) secretary Merrilee Crain (1942-2012) FOR THIS WEEK’S QUESTIONS: CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send columns of 475 Go to www.crainsnewyork.com/poll to have your say. words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number.

8 | Crain’s New York Business | December 15, 2014 20141215-NEWS--0009-NAT-CCI-CN_-- 12/11/2014 5:06 PM Page 1

MIKE SWEENEY that are currently free. But there clearly is growing recognition of the value and a demonstrated desire for Congestion? Try life this solution, because it minimizes the need for widening roads while making the most of existing infra- structure. in the fast lane A recently released survey con- ducted by infrastructure engineer- ing firm HNTB Corp. of 1,001 tri- he metropolitan area contains some of the oldest state area residents showed that 64% and most overburdened roads in the nation, and believe express lanes would help re- they shoulder especially heavy traffic during the duce congestion. More important, 70% of drivers would be willing to holiday season. Meanwhile, the push for more pay to use them. One project could government funding of road projects is growing be to let single-occupant vehicles increasingly urgent. But there’s a way to reduce congestion, use the Long Island Expressway’s T HOV lanes for a fee. improve reliability and help pay for the upgrade and expansion The transportation infrastruc- of the overall transportation network. ture in the tristate area is at a critical juncture. For too long we’ve ignored Price-managed lanes, also ery truck making four or five daily congestion and deferred critical known as express lanes, are used in round-trips to JFK airport from maintenance and improvements to many locations around the nation, midtown Manhattan could save an our roads, tunnels and bridges. such as northern Virginia and Flori- hour each day, consider the collec- We’ve seen how vulnerable our re- da’s I-95 corridor. They alleviate tive savings for the thousands of gion is to unexpected events, such as congestion by tolling designated similar trips throughout the region. Superstorm Sandy.We must find the lanes in urban corridors at rates For commuters, benefits include will and the means to create compre- based on demand to ensure a reliable reliable trip times for car and, more hensive solutions to the problems in travel speed. The system limits important,bus travel,a factor shown our transportation network. express-lane access to E-ZPass sub- to increase the use of bus transit and Alleviating congestion through scribers and uses technology to reduce reliance on private cars. express lanes is a proven solution monitor traffic flow and adjust toll For everyone, the benefits in- that can improve our quality of life rates accordingly,maintaining a free clude lower fuel consumption, less and the economic efficiency of our flow of vehicles. pollution, more predictable trips transportation network. New York- The economic benefits of ex- and a new source of infrastructure ers seem to agree. press lanes are clear. The Texas funding. A&M Transportation Institute es- Implementing express lanes here Professional engineer Mike Sweeney is timates the New York City region’s comes with challenges because of HNTB Corp.’s chairman of professional 2013 commercial cost of conges- space restrictions on existing high- services and New York district leader. tion at $89.60 an hour. If one deliv- ways and opposition to tolling lanes He can be reached at [email protected].

wages and help unions. Now he needs the Legislature to raise the Thanks for the minimum wage and allow New York City to set its own rate,among other proposals. Unfortunately for columns, Bill Mr. de Blasio, the Republicans’ re- capturing of the state Senate may make most of the proposals dead on t’s been a very good year for me, and I need to thank Bill arrival. de Blasio and the voters who elected him for that. ● Rent regulation, etc. The city’s The new mayor swept into City Hall with a vision rent-regulation laws expire at midyear, as do two related tax and specific plans for New York that have generated so breaks for housing, and the much to write about. His ambitious and maybe flawed statewide property-tax cap. Any affordable-housing plan.His economic-development agenda, new tax on luxury apartments like- I ly would be decided at the same or actually the lack thereof. A progressive wish list that time. Once, this was shaping up as threatens to remake the relationship among businesses, their a donnybrook, but the Republi- cans’ state Senate victory was at- workers and the city. All this in ad- tributable in large part to millions dition to a strong New York City in campaign spending by New economy and a midterm election York City’s real estate titans. The with important ramifications results could simply be extensions statewide. of the status quo. What more could a journalist ● The economy. My favorite topic, want? of course. The city is expected to Next year worries me, though. end 2014 with a gain of 90,000 jobs, The city budget is in great shape as one of the best years ever. Experts tax revenues rise and the mayor see a repeat next year.(There will be spends only a little more than his much more on that in Crain’s annu- predecessor did.The state budget is al Economic Outlook, to be pub- awash in $5 billion in legal settle- lished Jan. 5.) ments with the big banks. And im- GREG DAVID Most of this sounds like good plementation is never as interesting news—and it probably is, except as announcements. that journalists, especially opinion Oh, well. Here is a guide to on specific projects. That’s what writers like me, thrive on the words what could be the big issues in the Gov. Andrew Cuomo says he will “tension” and “conflict” to make coming year. do, but the Legislature may have pieces like this interesting. ● The $5 billion surplus. What to do other ideas. At stake is responsible So, at the moment, I am hoping with the money will be the big, and fiscal policy. that 2015 brings some surprises maybe the only, mystery to solve in ● De Blasio’s progressive agenda. that will make it as fascinating as next year’s state budget. It’s a one- The mayor has done about all he this year has been. Let me know if time windfall and should be spent can locally in his effort to raise you think I am becoming boring.

December 15, 2014 | Crain’s New York Business | 9 20141215-NEWS--0010-NAT-CCI-CN_-- 12/12/2014 3:01 PM Page 1

OPINION

Donald Pels; Metropolis Publisher Ho- The arts lost some giants this longtime concertmaster of the Remembering those race Havemeyer; advertising creative year,starting with Mike Nichols—di- New York City Ballet Orchestra; genius Julian Koenig;Oscar Dystel,who rector, producer and, with Elaine Martha Beck,founder of the Drawing turned around a failing Bantam May, comic genius. On the Broad- Center; and Herb Schapiro, who cre- Books; legendary real estate broker way stage, in movies and on televi- ated the Obie-winning musical we lost in 2014 Matthew Stacom; and Paul Ash, who sion, he racked up awards for works The Me Nobody Knows. with his brother turned a family- such as The Graduate,Who’s Afraid of Government lost Herman Badillo, owned musical-instruments store Virginia Woolf?, Barefoot in the Park, the first Puerto Rican-born member ew York said goodbye to some bright lights this year. into a national chain. Annie, Death of a Salesman and An- of Congress, deputy mayor and Wall Street legend Alan “Ace” Greenberg rose from The media world mourns Garrick gels in America. chairman of CUNY. His personal a stock clerk to become chief executive and chair- Utley,award-winning correspondent You couldn’t have been alive in the odyssey sparked an enduring fight man of Bear Stearns. A generous donor, he be- and anchor at NBC News, and 1960s without being moved by Pete for social justice. Basil Paterson,a Arthur Gelb, a legendary figure at The Seeger and his renditions of “Good- powerhouse in the black communi- lieved that people who do well should also do good, New York Times who rose to manag- night, Irene,” “If I Had a Hammer” ty, served as a state senator, deputy and required top-level employees to give a percentage of their ing editor and left his stamp on cov- and “We Shall Overcome.” Playing mayor and New York’s secretary of N erage of metropolitan news and the the five-string banjo, Mr. Seeger re- state. John Doar was a tower of salaries annually to the nonprofits of their choice—and audited arts. Donald Forst was the founding vived the folk tradition, invigorating strength as a federal lawyer fighting their giving to ensure they did. editor of New York Newsday,leading it with his passion for social justice. segregation and as chief counsel to its Pulitzer Prize-winning coverage, We also lost Lorin Maazel,conduc- the House panel seeking the im- “Buy my bonds,”urged genial Jim and later edited The Village Voice. tor of the New York Philharmonic; peachment of Richard Nixon. Lebenthal in television commercials, John Mack Carter scored a hat trick Julius Rudel, who directed City Other losses include Judges Harold showing the public the tax-free ad- by editing the three major women’s Opera for 25 years; Martin Josman, Baer Jr., Burton Lifland and Millard Mi- vantages of municipal bonds and the magazines—Ladies’ Home Journal, founder and music director of the donick; former congressman Peter valuable public works they funded. McCall’s and Good Housekeeping. National Chorale for nearly 50 Peyser; Paul Gibson Jr., deputy mayor Ed Finkelstein rose from a fabrics Robert Stein edited McCall’s and Red- years; actors Elaine Stritch, Marian to Abe Beame; state Sen. Catherine buyer to become chairman of Macy’s, book and opened his pages to such Seldes, Lauren Bacall, Eli Wallach, Rose- Abate; David Burke, adviser to Gov. reinvigorating the brand before the writers as Gloria Steinem and Betty mary Murphy, Ruby Dee and the mag- Hugh Carey and Sen.Ted Kennedy; chain filed for bankruptcy caused by Friedan. Roger Ebert told us what nificent Philip Seymour Hoffman; Ernesto Butcher, who capped a 41- debt piled on from acquisitions. movies to see and why in his dancers Ivan Nagy, Donald Sandler and year tenure with the Port Authori- John Akers headed IBM during a Pulitzer-winning columns for the Geoffrey Holder; opera stars Carlo ty with smoothly professional han- turbulent time for the company. Chicago Sun-Times and on television Bergonzi, Licia Albanese and Magda dling of the 9/11 aftermath; Fabian Pressed by the growing popularity ALAIR TOWNSEND with Gene Siskel. William Greaves Olivero; trailblazing comedian Joan Palomino,counsel and legal adviser to of small, personal computers, Mr. won an Emmy for his pioneering Rivers; John Mazzola, who as president Govs. Carey, Averell Harriman and Akers was unable to change course television show Black Journal,as of Lincoln Center introduced the Mario Cuomo; Robert Hess,Mayor quickly enough and was forced out. ices. L. Jay Oliva led New York Univer- well as awards for his documentaries Live From Lincoln Center television Michael Bloomberg’s commission- Hamish Maxwell transformed sity’s transformation from a com- about people such as Ralph Bunche. series; Mary Rodgers, who wrote the er of homeless services; and Russell Philip Morris from a tobacco com- muter school into a major university, Thomas Morgan, a reporter for The music for Once Upon a Mattress; Hemenway, a political reformer who pany into a sprawling consumer- increasing its size dramatically. New York Times, also served as pres- Pulitzer-winning poet Mark Strand; helped pass federal legislation limit- products business,a strategy that was Our business community also ident of the National Association of Jerry Tallmer, creator of the Obie ing campaign contributions. reversed after he left the firm. Arthur mourns the loss of real estate devel- Black Journalists and built its mem- Awards; Nat Hentoff, record produc- Cpl. Juan Mariel Alcantara was Ortenberg and his late wife, Liz Clai- opers Bernard Spitzer and Arthur bership and power. Bel Kaufman’s er, writer and critic; Alan Friedman, killed in Baqubah, Iraq, without borne,built a huge brand by listening Cohen; designer Oscar de la Renta; novel Up the Down Staircase intro- who transformed the New York ever seeing his newborn child. Eric to what working women wanted. Jim Ford Models founder Eileen Ford; duced her readers to the bureaucrat- Hall of Science into a robust institu- Garner was killed on Staten Island, Schiro led both Pricewaterhouse- Time Warner Cable CEO Glenn ic insanity of the New York City tion; Gene Feist, founder of the for reasons I cannot understand. Coopers and Zurich Financial Serv- Britt; Lin Broadcasting Chairman public-school system. Roundabout Theater; K. Lamar Alsop, God bless them all.

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CRAIN’S® N E W YORK BUSIN ESS

VOL. XXX, NO. 41 WWW.CRAINSNEWYORK.COM OCTOBER 13-19, 2014

CRAIN’S® N E W YORK BUSIN ESSCantor Commercial Real Estate What it does: Originates, distributes and services commercial real VOL. XXX, NO. 41 WWW.CRAINSNEWYORK.COM estate and government agencyOCTOBER loans 13-19, 20 1for4 multifamily properties How it grew: Since Cantor Commercial Real Estate Website: ccre.com ® Hard Copies Cantor CommercialCRAIN Real Estate ’S wasN foundedE W in 2010,YORK it has closed BUSI $24 billionN worthESS Twitter: None What it does: Originates, distributesof and loans, services become commercial a leading issuer real of mortgage-backed Co-CEOs and 1 co-founders: estate and government agency loanssecurities for andmultifamily reached the properties upper echelons of commercial Anthony Orso, VOL. XXX, NO. 41 WWW.CRAINSNEWYORK.COMreal estate financing in the country. Michael Lehrman OCTOBER 13-19, 2014 How it grew: Since Cantor Commercial Real Estate Website: Headquarters: CCRE, which is capitalizedccre.com through partnerships with Manhattan was founded in 2010, it has closedCantor $24 Fitzgerald billion worth and CIMTwitter: Group, None now operates 15 Three-year growth EDITOR5’S NOTE0of loans, become a leading issuer of mortgage-backedCantorCo-CEOs and Commercialrate: 24,59 Real1%* Estate 1 offices nationwide with moreco-founders: than 300 employees, triple 2013 revenue: securities and reached the upper echelonsthe number of commercial of staff it Whadhat a ityearAnthony does: ago, Orso,Originates, when it was distributes named and$226 services million* commercial real real estate financing in the country.No. 5 on Crain’s Fast 50.estate andMichael government Lehrman agency loans forProfitable? multifamily Yes properties Speed freaks Headquarters: Premium high quality reproductions on 80 Local employees: CCRE, which is capitalized throughThe partnerships company’s extensive with networkManhattan of—and close What I love most about our annual Fast 50 project is 100 Website: Rosenberg & Estis, P.C. Cantor Fitzgerald and CIM Group, now operates 15 HowThree-year it grew: growthSince Cantor Commercial Real Estate that it’s all about the numbers. You can’t sweet-talk relationships with—borrowers, brokers and investors in Total employees: ccre.com EDITOR5’S NOTE0 wasrate: founded 24,591%* in 2010, it has closed $24300 billion worth offices nationwide with more than 300 employees, triple Twitter: None your way onto this list. You can’t hire a PR firm that the real estate industry has fueled2013 revenue: much of its growth. Its *Crain’s estimate knows someone whothe knows number someone of staffwho went it had to a year ago, when it was named of $226loans, million* become a leading issuer of mortgage-backed Co-CEOs and launch just as the country1 was emerging from the Great co-founders: Speed freaks school with someone.No. Either 5 on you Crain’s have twoFast to three 50. Recession also provedsecurities fortuitous,Profitable? and allowing reached Yes it the to putupper together echelons a top-tier of commercial Anthony Orso, years of scorching-hot revenue growth, or you don’t. real estateLocal financingemployees: in the country. Michael Lehrman The company’s extensive networkteam of—and at a time close when many of1 00its competitors weren’t hiring. What I love most about our annual Fast 50 projectAnd thisis year’s ranking of New York’s 50 fastest- CCRE, which is capitalized through partnerships with Headquarters: that it’s all about the numbers. You can’t sweet-talk relationships with—borrowers, brokers“We’ve and createdinvestors a nationalin Totalfootprint employees: with boots on the ground across Manhattan growing companies offers scorchers galore. We’ve 300 your way onto this list. You can’t hire a PR firm that Cantor Fitzgerald and CIM Group, now operates 15 Three-year growth estimated that No.the 1-ranked real estateCantor Commercialindustry has Real fueled themuch country,” of its growth. said co-CEO Its Anthony*Crain’s estimate Orso, who co-founded the firm EDITOR5’S NOTE0 rate: 24,591%* knows someone who knows someone who wentEstate to saw its annuallaunch revenue just grow as 24,591% the country (that’s was emergingwith former from Creditthe Great Suisseoffices colleague nationwide Michael with Lehrman.more than “This300 employees, strategy triple school with someone. Either you have two to three 2013 revenue: not a typo), to $226Recession million, from also 2010 proved to 2013. fortuitous, hasallowing paid offit to for put us, together becausethe number ait top-tier has allowed of staff itus had to expand a year ago, in markets when it where was named $226 million* lb. glossy paper that are designed to meet years of scorching-hot revenue growth, or youClearly, don’t. it’s a good time to be financing real estate No. 5 on Crain’s Fast 50. Profitable? Yes And this year’s ranking of New York’s 50 fastest- team at aSpeed time when many freaks of its competitorsour competitors weren’t have hiring. little presence.” —bruce w. fraser deals. Not a bad moment to be a digital advertising The company’s extensive network of—and close Local employees: growing companies offers scorchers galore. We’vevendor, either: Close on“We’ve Cantor’sWhat created heels I love is LiveIntent, mosta national about our footprint annual Fast 50with project boots is on the ground across 100 estimated that No. 1-ranked Cantor Commercialwhich Real helps marketersthe country,”place e-newsletterthat it’s said all about advertisingco-CEO the numbers. Anthony You can’t Orso, sweet-talk who co-foundedrelationships the firm with—borrowers, brokers and investors in Total employees: Estate saw its annual revenue grow 24,591% (that’s 300 and saw three-yearwith revenue former growthyour wayCredit of 20,900%, onto thisSuisse tolist. $21 You colleague can’t hire a MichaelPR firm that Lehrman.the “This real strategy estate industry has fueled much of its growth. Its *Crain’s estimate not a typo), to $226 million, from 2010 to 2013.million, in 2013. Thehas Fast paid 50 knowscompaniesoff for someone us, profiled because who in knows it hassomeone allowed who went us to expand inlaunch markets just where as the country was emerging from the Great Clearly, it’s a good time to be financing real estatethis week’s issue range from biotechschool startupswith someone. to fashion Either you have two to three Recession also proved fortuitous, allowing it to put together a top-tier deals. Not a bad moment to be a digital advertisingwebsites, from solar-powerour competitors installersyears of toscorching-hot baby-products have little revenue presence.” growth, or you don’t. —bruce w. fraser vendor, either: Close on Cantor’s heels is LiveIntent,makers. Their customers are fitnessAnd this fanatics year’s (Tough ranking of New York’s 50 fastest- team at a time when many of its competitors weren’t hiring. which helps marketers place e-newsletter advertisingMudder), financial news junkiesgrowing (Business companies Insider) offers scorchers galore. We’ve “We’ve created a national footprint with boots on the ground across and saw three-year revenue growth of 20,900%,and to fussy $21 sleepers (Bedgear). Here’sestimated the thatone constant:No. 1-ranked Cantor Commercial Real the country,” said co-CEO Anthony Orso, who co-founded the firm million, in 2013. The Fast 50 companies profiledEach in saw more than 150% revenueEstate growth saw its annualin the time revenue grow 24,591% (that’s with former Credit Suisse colleague Michael Lehrman. “This strategy your specific marketing needs. Can be used this week’s issue range from biotech startups toperiods fashion we reviewed with the nothelp a oftypo), accounting to $226 firm million, from 2010 to 2013. websites, from solar-power installers to baby-productsAnchin Block & Anchin. If you’reClearly, an it’sinvestor a good or time to be financing real estate has paid off for us, because it has allowed us to expand in markets where makers. Their customers are fitness fanatics (Toughbanker or real estate broker ordeals. business-services Not a bad moment to be a digital advertising our competitors have little presence.” —bruce w. fraser Mudder), financial news junkies ()provider looking for the New vendor,York companies either: Close that on Cantor’s heels is LiveIntent, and fussy sleepers (Bedgear). Here’s the one constant:best know how to execute theirwhich strategies helps formarketers building place e-newsletter advertising Each saw more than 150% revenue growth in revenue,the time the companies profiledand on saw Pages three-year 16 through revenue growth of 20,900%, to $21 POWER BROKERS: periods we reviewed with the help of accounting30 arefirm basically your short list.million, So congrats, in 2013. Fast The 50. Fast 50 companies profiled in Anchin Block & Anchin. If you’re an investor or Anthony Orso (left) and Enjoy the attention and its manythis upsides.week’s issue Of course,range from biotech startups to fashion Michael Lehrman aim to on their expansion and banker or real estate broker or business-serviceswith your three-digit, four-digitwebsites, and even from five-digit solar-power installers to baby-products dominate the commercial provider looking for the New York companiesrevenue-growth that numbers, onemakers. can only Their hope customers it’s not are fitness fanatics (Tough real estate market. buck ennis best know how to execute their strategies for buildingall downhill from here. If that’sMudder), the case—and, financial of news junkies (Business Insider) revenue, the companies profiled on Pages 16 throughcourse, the law of gravity inevitablyand fussy will sleepers insist as (Bedgear). Here’s the one constant: Reprinted with permission from Crain’sPO NewWER York BROKERS: Business. © 2014 Crain Communications Inc. All Rights reserved. for client mailings, reception area reading 30 are basically your short list. So congrats, Fast 50. much—may you enjoy a slowEach and steady saw more decline. than 150% revenueFurther growth duplication in the withouttime permissionAnthony is prohibited. Orso Visit (left) www.crainsnewyork.com. and #NB14040 Enjoy the attention and its many upsides. Of course, periods—Glenn we reviewed Coleman with the help of accounting firm Michael Lehrman aim to with your three-digit, four-digit and even five-digit Anchin Block & Anchin. If you’re an investor or dominate the commercial revenue-growth numbers, one can only hope it’s not real estate market.

buck ennis banker or real estate broker or business-services all downhill from here. If that’s the case—and, of provider looking for the New York companies that course, the law of gravity inevitably will insist as Reprinted with bestpermission know from how Crain’s to execute New York their Business. strategies © 2014 forCrain building Communications Inc. All Rights reserved. much—may you enjoy a slow and steady decline. Further duplicationrevenue, without the permission companies is prohibited. profiled Visit on www.crainsnewyork.com. Pages 16 through #NB14040 POWER BROKERS: —Glenn Coleman 30 are basically your short list. So congrats, Fast 50. Anthony Orso (left) and Enjoy the attention and its many upsides. Of course, Michael Lehrman aim to with your three-digit, four-digit and even five-digit dominate the commercial revenue-growth numbers, one can only hope it’s not real estate market. buck ennis all downhill from here. If that’s the case—and, of and for inclusion in press kits. Minimum course, the law of gravity inevitably will insist as Reprinted with permission from Crain’s New York Business. © 2014 Crain Communications Inc. All Rights reserved. much—may you enjoy a slow and steady decline. Further duplication without permission is prohibited. Visit www.crainsnewyork.com. #NB14040 —Glenn Coleman renewal of 44,097 SF at order of 100. 733 . Hard Copies Eprints (Digital Reprints) CRAIN’S® NEW YORK BUSINESS

VOL. XXX, NO. 8 WWW.CRAINSNEWYORK.COM FEBRUARY 24, 2014

THEY FEEL GOOD: The Philadelphia Dance Company performs in the Apollo Theater’s James Brown: Apollo lifts off Get on the Good Foot. Maximize your exposure and drive traffic It’s not just Amateur Night anymore: Legendary Harlem theater doubles programming while attaining global reach BY MIRIAM KREININ SOUCCAR $20M arlem’s legendary Apollo Theater may AMOUNT the 21st Century Apollo Campaign hopes to raise. Some $15 million of that will finally be realizing its potential. ¶ The go toward large-scale programming to your website with Eprints. Receive a storied music venue is transforming itself into a multidisciplinary performing-arts Hcenter with global reach that could rival such competitors $13.2M THE APOLLO’S 2014 operating budget, up as and the Brooklyn Academy of from $8.1 million in 2009 Music. In the past year, the theater, best known for its Amateur Night, has doubled its programming— ments, such as new sound equipment. presenting hip-hop festivals and salon series, and Ms.Procope,who quit the Apol-

producing a major dance work highlighting James Brown’s lo board to run the organization in shahar azran influence on choreographers around the world. Now the 2003, said the programming expan- PDF of your feature that can be used for Apollo is planning its first international tour and sion wouldn’t have been possible a decade ago because the breakdown to become 50-50 as the theater ramps up its developing a theater initiative.¶ “We’re trying to make the theater was just trying to survive. Since she came on, Ms. offerings and tours. Apollo once again a dynamic contributor to global culture, Procope has worked to expand the board and hire a strong The Apollo’s first international tour ever,of the dance as it was in the past,” said board Chairman Richard management team, including Mikki Shepard, the the- production James Brown: Get on the Good Foot,will kick Parsons, who recently opened a restaurant and jazz club ater’s first executive producer. In the past five years, the off in February 2015 and will visit Germany,Switzerland nearby. “In the 22nd century, we want people to say, ‘The Apollo has had a balanced and growing budget after years and Luxembourg. The show opened at the Apollo last ‘It’s the programming that will of deficits. October and is now touring nationally. make it relevant again’ “To be able to focus on content and an artistic vision is “We’re looking at activating the brand globally,” said web posting and/or electronic distribution. a byproduct of all the work we did to right the ship,” said Ms. Shepard. Ms.Procope,who was previously an entertainment lawyer. That may be an easy sell.Some 45%,of the 60,000 peo- Apollo is a place where stars are born and legends are The Apollo is clearly on an upward trajectory.The mo- ple who attended Amateur Night at the Apollo last year made.’”¶ The changes come as the historic house on West mentum has re-energized the nonprofit, attracting were tourists, and the theater estimates that roughly half 125th Street, once a center of popular culture, turns 80. wealthy new board members such as Ronald Perelman of those tourists traveled from outside the country. Executives and the board have been and Paul Tudor Jones Overall, there are 30 trustees now, All Eprints are sold as time-based licenses. Eprints (Digital Reprints)

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10 | Crain’s New York Business | December 15, 2014 20141215-NEWS--0011,0015-NAT-CCI-CN_-- 12/11/2014 6:31 PM Page 1

SMALL BUSINESS INSIDE The List NYC’s largest business improvement districts PAGE 13 ‘That’s $27,000 in taxes on top of the rent’ REPORT —Robert Schwartz, owner, Eneslow Shoes & Pedorthics, Page 15

SWEET SUCCESS: Sarah Endline’s socially conscious Halo fades chocolate firm has has found a market on the shelves of Whole Foods. for some social entrepreneurs As do-good startups RISING TIDE grow, more find Number of B corporations they’re fair game in New York state for criticism 89

BY ELIZABETH MACBRIDE (when B corp Sarah Endline was standing in front law took effect) of a room full of business-school students, talking about her choco- 0 late company, Manhattan-based Sweetriot, back in 2006. Her idea February 2012 December 2014 was not to grow a next-gen Her- shey—though it would be great if a dismiss those early entrepreneurs as company that large happened—but pie-in-the-sky dreamers. These to create a healthy chocolate snack days, they look more like ground- that people felt good about eating, breakers than outliers. A growing and to help support small farmers in number of social enterprises are Latin America. breakaway successes discussed as The idea of building a company IPO candidates:In New York,think for the primary purpose of doing Warby Parker and Etsy. More than good was so foreign that one of the 1,000 companies have become cer- students asked her, “Are you open tified as B corporations, meaning about this? Or do you hide it?” that their incorporation papers ex- A decade ago, social enterpris- plicitly promise they will consider es—companies that aimed to do the needs of stakeholders as well as good first, or at least at the same shareholders. And the marketing time that they earned a profit—were clout of being a do-good brand is seen as outliers even in the small- undeniable. business community, and maybe In what is perhaps the biggest even a little flaky. sign that social entrepreneurship They certainly weren’t following has become part of the business fab- the traditional path toward philan- ric, a growing number of do-good thropy: Focus on the business first, companies are coming under fire, make as much money as you can,per- too, as more people ask about the haps ruthlessly, and then spend the difference between being good or later years of your life giving it away. merely marketing goodness.

buck ennis It once might have been easy to See SOCIAL on Page 12

mandates to increased compliance Small businesses aim for growth in 2015 requirements in certain industries. Meanwhile, some restaurateurs are worried about a hike in the mini- Higher costs create ties for work,” said Mr. Musci, tober survey of 300 busi- ment of Consumer Af- mum wage for tipped workers that CEO of Altel Systems Inc.,a Brew- ness owners in the metro- 81% fairs Commissioner Julie Albany is pondering. a wrinkle in some ster, N.Y.-based commercial inte- politan area by Bank of PORTION OF NYC Menin in July announced The ACA is worry No. 1 for grator of audio and video systems America found that 76% AREA OWNERS a program to, among oth- many. In Bank of America’s survey, firms’ hiring plans concerned about that has worked on renovations at were confident they would the effectiveness er things, increase out- 65% of owners said they are con- Lincoln Center as well as the World hit their year-end revenue of U.S. government reach and training, issue cerned about health care costs. Lo- BY JUDITH MESSINA Trade Center Transportation Hub. goal, and 60% believe their leaders warnings in some cases cal small-business advisers say many Source: Bank of America “The city has been a bright spot that revenue will grow in 2015. survey instead of violations, and of their clients are holding off on Like other local business execs in- has continued, despite the rugged Some 48% said they allow businesses to “cure” hiring as a result. These firms are volved in construction, Andrew economy.” planned to hire in 2015. problems and avoid a fine. afraid of hitting the ACA’s 50- Musci expects the city’s ongoing With the new year approaching, And some local owners say they Nonetheless, many of the city’s employee threshold that in 2015 or building boom to continue to be a it’s not only firms in the construc- are pleased by the city’s effort to re- small-business owners are adjusting 2016 could require them to offer positive for him in 2015. tion industry and related trades that duce the fines and bureaucracy that to higher costs on many fronts, health insurance or pay the govern- “We are seeing more opportuni- are seeing potential growth.An Oc- plague small businesses. Depart- ranging from Affordable Care Act See GROWTH on Page 15

December 15, 2014 | Crain’s New York Business | 11 20141215-NEWS--0012-NAT-CCI-CN_-- 12/11/2014 6:32 PM Page 1

REPORT SMALL BUSINESS

tified as B corps by Manhattan-based company is, by its nature, environ- B Lab, a nonprofit, have fewer than mentally friendly in the tree- Social ventures’ halo fades 50 employees. There are 62 listed in destroying book industry, as CEO New York City that have gone Arthur Klebanoff puts it. And the through the certification program.In certification had value to help Roset- Continued from Page 11 glasses start at $95 and range up into a drug it invested in. But the drug’s addition to examining a firm’s legal ta keep its identity as it grew. The so-called BOGO model— the hundreds of dollars, has turned price is about $300,000 a year. commitment to doing good, B Lab “We made the Inc. 500 Fastest buy one, give one to someone in its BOGO model to full marketing Though the foundation doesn’t looks at its practices. Growing list,” he said. “It need—is particularly being ques- advantage. “Warby has a lot of out- have pricing power, it is still coming For instance, compa- was important to us in that tioned now. Warby Parker, along side investors,” she said. “They care under fire for the cost. nies, which pay on a sliding 42% context that we were hit- PORTION of with Toms Shoes,are two of the most a lot about appearance.” Yet there’s little doubt that the in- scale ranging from hun- North American ting that as a B corp. It had prominent companies using this creasingly blurry lines between non- dreds to thousands to li- online consumers a better echo and a better model.Toms has come under fire be- Blurred lines profits and for-profits are here to cense the certification, get willing to pay sense of what we wanted to cause critics say the donated shoes The fuzzier the boundaries be- stay,in part because they are produc- points for showing their more for products do,” he said. distort the local economy. tween doing social good and running ing success stories—the cystic fibro- CEOs are paid a maximum from firms with This generation’s pro- commitments Warby Parker’s largesse is differ- a business,the trickier things get,said sis medicine, for instance, has been of 20 times the lowest-paid to environmental fessional social entrepre- ent: It gives money to nonprofits in Lucy Bernholz, who writes a report called a wonder drug. And both employee. It is easier for and social good neurs are keenly aware that developing countries, which the each year for the Manhattan-based Warby Parker and Etsy—whose lau- them to become a B corp if most of their idealistic nonprofits use to provide eye care and rels rest mostly on the fact that they the differential is even less. predecessors eventually had sell glasses. Still,Warby Parker is be- help small handcrafters bring their 5% to sell their companies. ing criticized within the industry ‘Can you be goods to market—have become ma- ‘Better echo’ AVERAGE year- Honest Tea, for instance, is over-year sales over the price of its glasses. (The both revenue- jor New York City tech companies. Andrew Kassoy co- increase for firms now a wholly owned sub- company didn’t respond to a request Entrepreneurship has become a founded B Lab seven years that market their sidiary of Coca-Cola. Ben for comment.) tool for change in the nonprofit sec- ago after a career in private commitment to and Jerry’s sold to Unilever, “Who is making more of a dif- sustainable tor and, somewhat ironically, in the equity and wealth manage- sustainability a Dutch conglomerate that ference?” asked Julia Zhen, one of and good?’ for-profit sector,too.“The larger cul- ment. Source: Nielsen, 2014 is itself in the midst of a the founders of Novato, Calif.- tural change is driven by the Inter- “As we started looking around,we massive, widely watched effort to be based Zenni Optical. She said her net,” Ms. Bernholz said. “Technolo- realized there were actually thou- a transparently ethical multinational. company was founded in 2002 on gy gave people the idea they could sands of these businesses making As the social entrepreneurship the idea of providing inexpensive implement change, and rapidly.” money and making a difference,”Mr. model spreads from the startup eyewear—glasses average $40 a pair, Foundation Center, a nonprofit. She Of course, most social enterprises Kassoy said.“But there was not really world to the larger stage,more firms but some cost less than $7—to said the same conflicts exist on the remain small. Sweetriot, which pro- a clear way of telling the difference must figure out how to hold onto working people in the U.S. nonprofit side, as more have adopted duces snacks sold in Zabar’s, Whole between a good company and a good their ideals and protect their image “We realized the cost of produc- business strategies. Foods and Fairway, among other marketer.” There are now B corps in as they grow. “It’s really an open ing eyeglasses was so much less than Take, for instance, the Cystic Fi- stores,has less than $5 million in rev- 36 countries, he said. question whether you can do all what people were having to spend brosis Foundation. It recently an- enue and fewer than 10 employees. Eight-employee Manhattan- that,” said Ms. Bernholz. “Is there a for them,”she said.And she’s grown nounced an incredible return—$3.3 Its chocolates cost $3.99 a bar. based RosettaBooks applied two plateau where you can be both frustrated as Warby Parker, whose billion—from selling the royalties to Many of the 1,160 companies cer- years ago. The 13-year-old e-book revenue-sustainable and good?” Ⅲ

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12 | Crain’s New York Business | December 15, 2014 20141215-NEWS--0013,0014-NAT-CCI-CN_-- 12/11/2014 5:08 PM Page 1

NEXT WEEK: THE NYC’s Largest BIDs The 2015 Book of Lists LIST Ranked by assessment budget THE SCOOP TRENDS DIRTY LOOK? Even though the number of BID blocks receiving cleaning has risen, RETAIL’S FAVORITE cleanliness averages have dropped. or a glimpse at how business improvement districts are transforming the city,look no further than the Flatiron/23rd BIDs with the most retail businesses Blocks Cleanliness 1,500 100% Street Partnership.The BID, which was formed in 2006, has -The Diamond District 1,480 helped turn more than 30,000 square feet of Broadway into 1,300 99.1% 1,200 1,468 1,468 public plazas and reduced litter by 98%, according to a BID Chinatown District Management Association Inc. report.The partnership ranks 10th on Crain’s list of BIDs. 1,191* 1,262 1,262 F 900 The growth of tech in has helped make Flatiron a Alliance for Downtown New York Inc. hot spot, fueling the growth of the BID. Several residential projects 1,049 are scheduled for completion in the next year. Meanwhile, retail is 600 96.5% Grand Central Partnership booming.The average asking rent for retail space was $255 per square 834 foot in October,up 33% from September 2013,according to the BID. 300 Jennifer East Midtown Partnership “This neighborhood has really come into its own,” said 800 0 90% Brown, the partnership’s executive director.“Silicon Alley continues to FY10 FY11 FY12 FY13 FY14 be a real hub for tech companies.” As part of a phased increase, the *Includes ground-floor retail only. Source: Mayor’s Management Report 2014 BID’s budget jumped to $2.2 million for fiscal 2015. Other BIDs are also on the move. The Bed-Stuy Gateway (No.22) hired BLOCK PARTY Michael Lambert a new executive director, ,in 2013 and is evolving to keep The largest BIDs, by total number of city blocks up with the rapidly changing neighborhood.The BID saw the number of its retail tenants rise 24% in the past year, to 400 as of September. “You need a mix of the chain-store-like demographics and the mom- and-pop shops,” said Mr. Lambert. “It’s really about figuring out the needs of individual business,depending on where they sit in the district.” One of the main challenges, Mr. Lambert said, is keeping local firms up on what’s new in the BID.To that end,the organization has taken to social media, doubling its Facebook presence and adding

more than 100 Twitter followers in the past year. buck ennis; nyu.edu.com Meanwhile,the Alliance (No.3) is pushing for legislation that would regulate the costumed characters who pose for pictures with tourists. A series of high-profile incidents of harassment has soured the Chinatown145 District Alliance113 for Downtown MetroTech95 Grand70 Central Court-Livingston-68 unusual,only-in-New-York tradition.“Quirky is fine,”said Tim Tompkins, Management New York Inc. Partnership Schermerhorn president of the alliance. “Creepy is not.” —nicholas wells Association Inc.

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December 15, 2014 | Crain’s New York Business | 13 20141215-NEWS--0013,0014-NAT-CCI-CN_-- 12/11/2014 5:08 PM Page 2

THE LIST NYC’s Largest BIDs

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14 | Crain’s New York Business | December 15, 2014 20141215-NEWS--0011,0015-NAT-CCI-CN_-- 12/11/2014 6:31 PM Page 2

REPORT SMALL BUSINESS Firms aim for growth in 2015

Continued from Page 11 top of the rent.” ing firm Mitchell & Titus, which ment $2,000 per year per employee. Even one potential bright spot for has an office in Manhattan. Some owners are waiting to see if some firms—a possible reduction in “Small businesses could be the new Republican Congress will federal corporate taxes—has small taxed at a higher rate than some of repeal the mandate, while others businesses in partnerships and S cor- their competitors who are organ- who employ part-timers are trying porations worried that it will put ized in a C corp,” he said. to figure out if these team members them at a competitive disadvantage. Staying lean and mean is the only add up under the ACA’s formula to way to cope with all the pressures Lean and mean SCRAMBLING: 50 full-time employees. facing small firms, experts say. Restaurateur Michael “I don’t think the average busi- “One of the things on top of the “Think about who does what, Sinensky finds himself ness has any idea what is going on,” list [of concerns] is whether or not and what costs and people are nec- rushing to find substitutes said Louis Basso, president of Al- the federal government is actually essary,” said Alan Materazo, a part- for employees using the cott HR Group in Farmingdale, going to change the tax rate,” said ner with accountants Margolin city’s paid-sick-leave law. Ⅲ L.I., which manages human re- Fred Davis, tax partner at account- Winer & Evens. buck ennis sources for many area employers. “When you look at the regulations, they’re voluminous.” Meanwhile, hospitality busi- nesses are bracing for a potential in- crease in the minimum tipped wage that could raise their share of work- ers’ pay. That possibility is now un- der consideration by a Department of Labor wage board in Albany. Moreover,with hikes in the over- Give your employees all minimum wage, Michael Sinen- sky,who runs several establishments in the city,predicted restaurant own- the duck. ers would be likely to hire fewer lower-skilled workers. His restau- Business has Anything else is just ‘no idea what is going on’ with chicken. Obamacare

Almost 60 percent of employees wish their employers offered rants include Village Pourhouse, voluntary insurance1. Hudson Terrace and Tres Carnes. “If everyone is earning $13 an hour, you won’t hire the person who The question is, who will you choose? has [lower] qualifications,” Mr. Sinensky said. Mr. Sinensky is still grappling You could opt for a voluntary option from your with the impact of city’s paid-sick- medical carrier, or you could offer coverage from leave law, which went into effect in the number one voluntary provider2: Afl ac. July. At his establishments, workers typically swap shifts if they are ill or want a day off. The new law still al- There’s no direct cost to you for offering it, and lows for shift swapping, but now getting started is as simple as adding a payroll that workers can get paid for time deduction. That’s why business owners like you off,they’re giving less notice,leaving him scrambling for substitutes. have chosen Afl ac for nearly 60 years. It’s also why we’re so confi dent Afl ac is the right partner Lobbying City Hall for your business. “We have less time to react to cover an employee now that it’s a policy that you can take off and get You can bet the farm on it. paid rather than swapping shifts,” said Mr. Sinensky. Call your local agent and visit The Manhattan Chamber of Commerce is mounting a big effort afl ac.com/business this year to convince the mayor and council that they should modify the commercial rent tax, another sore spot for local owners, by raising the rent threshold to $500,000 and above, among other measures. To- day,the tax falls on businesses below 96th Street that pay at least $250,000 in annual rent. “My rent tax goes up as building improvements are passed through,” said Eneslow Shoes & Pedorthics 12013 Afl ac WorkForces Report, a study conducted by Research Now on behalf of Afl ac, January 7 – 24, 2013. 2Eastbridge Consulting Group. U.S. Worksite/Voluntary Sales Report. Carrier Results for 2012. Avon, CT: April 2013. Coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, coverage is underwritten by American Family Life Assurance owner Robert Schwartz, who has Company of New York. Worldwide Headquarters | 1932 Wynnton Road | Columbus, GA 31999 two stores in Manhattan, in Mur- Z131175 11/13 ray Hill and on the Upper East Side. “That’s $27,000 in taxes on

December 15, 2014 | Crain’s New York Business | 15

AFL3030 B2B ChickenJr ALT.indd 1 1/24/14 12:18 PM BUSINESS DINING & VENUES

Putting 2014 in the Books

Can you believe 2015 has Technology Design focus almost arrived? It’s been There’s an incredible move- Thanks to the popularity of quite the year for the events ment in the events industry to Pinterest, the look and feel of industry and as we wrap up incorporate technology into events has evolved this year, 2014, event planners around every aspect of the planning as well. We’re seeing beauti- the globe are assessing process. From pre-event ful dessert tables at children’s their accomplishments marketing on social media to birthday parties and antique and successes. Let’s take a post-event evaluations, we’re decor at corporate confer- moment to reflect on some using technology to make ences. Social sites like Pinter- of these wins — from trends our events more seamless est allow event planners to to technology to design, and successful, our lives eas- find inspiration from all over the following developments ier and our clients happier. the world. This is a boon for have propelled our industry forward. We need to learn the art of content Sustainability More and more, events are marketing to fight the noise of a thousand focused on creating a smaller competing events, all while staying carbon footprint and reducing authentic to our target market waste. From the Green Festival to countless sustainability initia- tives at other industry events, we’ve witnessed a major uptick Events like Mashable’s Social our industry, especially as in environmentally-friendly Good Summit, Social Media attendees have increased practices. This year has brought Week and the Mashies — access to photo and video smarter centerpieces and more along with better Bluetooth functionality on their phones. efficient technology use to technology and stronger Event planners are becoming conferences, trade shows WiFi — have allowed the creators of picture-perfect and more. industry to take a leap moments. forward in 2014. Content marketing Exhibitor engagement As the industry evolves, so I attended quite a few trade does the role of the event shows this year, and was truly planner. While many planners impressed by the amount have fought this change, the of innovation on the floor. reality is that content market- Companies are re-thinking ing has been added to our job their presence to engage descriptions. In order to mar- attendees — from iBeacon ket our events well, we need to gamification, technology is to blog, tweet, post Facebook Liz King allowing exhibitors to target statuses and engage our au- CEO, Chief Event Specialist, Liz King Events and interact with attendees dience with content. We need Co-Founder, PlannerTech Event Technology like never before. This creates to learn the art of content Showcase more meaningful engagement marketing to fight the noise of Executive Producer, Event Alley Show for the attendees, while also a thousand competing events, Reach me, [email protected] providing sponsors with a big- all while staying authentic to Follow me, Twitter.com/lizkingevents ger return for their dollars. our target market.

For more information on OUT OF OFFICE

please contact Irene Bar-Am

BAR & BAT MITZVAHS LECTURES APELLA™, EVENT SPACE AT at (212) 210-0133 BOARD MEETINGS LOCATION SHOOTS ALEXANDRIA CENTER™ CELEBRATIONS MULTIMEDIA 450 EAST 29TH STREET or [email protected] COCKTAIL RECEPTIONS PRESENTATIONS 2ND FLOOR CONFERENCES PRESS CONFERENCES NEW YORK, NY 10016 DINNERS PRODUCT LAUNCHES TEL 212.706.4100 FASHION SHOWS WEDDINGS [email protected] View the digital edition at HOLIDAY PARTIES WWW.APELLA.COM crainsnewyork.com/OOO

A Special Advertising Supplement to Crain’s New York Business P017-18CL_CN_20141215.qxp 12/12/2014 2:28 PM Page 17

TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES POSITION AVAILABLE NOTICE: Name of foreign LLC is DJR Notice of Qualification of 1901 Partners Notice of Qual. of Two Sigma Open Notice of Qualification of SILVERSTEIN Management LLC. Applic. for Auth. Management GP, LLC. Authority filed Source, LLC, Auth. filed Sec'y of MB PROPERTY OWNER LLC. Director, Product Management filed in NYS DOS 10/1/13 re fictitious with NY Dept. of State on 11/3/14. State (SSNY) 4/15/14. Office loc.: NY Authority filed with Secy. of State of NY Reed Elsevier, Inc. (LexisNexis Division), name DJR MGMT OF NY LLC. Office location: NY County. LLC County. LLC org. in DE 4/14/14. SSNY (SSNY) on 11/13/14. Office location: New York, NY). Must hold a Master of Jurisdiction: DE & formation 8/15/13. formed in DE on 6/30/14. NY Sec. of desig. as agent of LLC upon whom NY County. LLC formed in Delaware Business Administration or foreign equiv. Office in NY State: NY County; St. State designated agent of LLC upon process against it may be served. (DE) on 11/10/14. SSNY designated deg. & 1 yr. exp. in the job offered or 1 yr. of address - 255 Hudson St. Apt. PHB, whom process against it may be SSNY shall mail copy of proc. to Att: as agent of LLC upon whom process exp. with strategy, operations, & product NY, NY 10013. NY Sec. of State served and shall mail process to the Matthew Siano, Esq., 100 Ave of the against it may be served. SSNY shall development in the legal info. industry. designated as agent of the LLC for principal business addr.: 350 Park Ave., Americas, NY, NY 10013. DE off. addr.: mail process to c/o Corporation Also req. is 1 yr. of exp.: leading developing service of process. SOS to mail a 13th Fl., NY, NY 10022, Attn: Neil CSC, 2711 Centerville Rd., Wilmington, Service Co. (CSC), 80 State St., Albany, go-to-market strategies for data analytic copy of any process agst LLC to c/o Wallack. DE addr. of LLC: c/o National DE 19808. Cert. of Form. on file: NY 12207-2543. DE addr. of LLC: c/o products; performing strategy formulation David J. Roth, 255 Hudson St, Apt. Corporate Research, Ltd., 615 S. SSDE, Townsend Bldg., Dover, DE CSC, 2711 Centerville Rd., Ste. 400, & foundational research to identify oppor- PHB, NY, NY 10013 within or w/out DuPont Hwy., Dover, DE 19901. Cert. 19901. Purp.: any lawful activities. Wilmington, DE 19808. Arts. of Org. tunities for new products or lines of business; NY State. Address in its jurisdiction of Form. filed with DE Sec. of State, filed with Secy. of State of DE., Div. & leading customer discovery & product is: Sec. of State, John G. Townsend 401 Federal St., Dover, DE 19901. Notice of Qual. of Rapid Zone LLC, of Corps., P.O. Box 898, Dover, DE migration. Apply w/resume to: Patricia Bldg, 401 Federal St. – Ste 4, Dover, Purpose: any lawful activity. Auth. filed Sec'y of State (SSNY) 19903. Purpose: Any lawful activity. Stoddard, LexisNexis, 1100 Alderman Drive, DE 19901. Purpose: any lawful act 8/25/14. Office loc.: NY County. LLC #21 N57, Alpharetta, GA 30005. No relo. avail. No 3rd party responses. EOE. or activity which limited liability Notice of Formation of 225 Central org. in DE 4/20/12. SSNY desig. as MTC Construction LLC, Articles of companies may be organized. Park North LLC. Arts. of Org. filed agent of LLC upon whom process Org. filed N.Y. Sec,. of State (SSNY) with Secy. of State of NY (SSNY) on against it may be served. SSNY shall 30th day of October 2014. Office in Notice of Formation of BAR CAPITAL 11/12/14. Office location: NY County. mail copy of proc. to CSC, 80 State St., New York Co. at 61 W 82nd St, Suite PUBLIC & LLC. Arts. of Org. filed with NY Dept. SSNY designated as agent of LLC Albany, NY 12207. DE off. addr.: DE 1B New York, NY 10024. SSNY of State on 11/20/14. Office location: upon whom process against it may Corp. Organizers, 1201 N. Market St., design. agt. upon whom process may LEGAL NOTICES NY County. Sec. of State designated be served. SSNY shall mail process Wilmington, DE 19801. Cert. of Form. be served. SSNY shall mail copy of agent of LLC upon whom process to: c/o RCR Management LLC, 155 on file: SSDE, Townsend Bldg., Dover, process to 61 W 82nd St, Suite 1B, Amalgamated Life Insurance against it may be served and shall mail Riverside Drive, Ste. 1D, NY, NY DE 19901. Purp.: any lawful activities. New York, NY 10024. Reg. Agt. upon process to: CT Corporation System, 10024. Purpose: any lawful activity whom process may be served: Company is committed to 111 8th Ave., NY, NY 10011, regd. Notice of Formation of 239 HENRY Spiegel & Utrera, P.A., P.C. 1 Maiden preventing fraud in regard to the agent upon whom process may be 73 WASHINGTON PLACE, LLC. App. PROPERTY LLC. Arts. of Org. filed Lane, NYC 10038. 1 800 576-1100 insurance coverage it issues. served. Purpose: all lawful purposes. for Auth. filed with the SSNY on with Secy. of State of NY (SSNY) on Purpose: Any lawful purpose. Therefore, Amalgamated Life, as 09/11/14. Originally filed with the 11/14/14. Office location: NY County. required by the New York State Notice of Qualification of 85 Broad Secretary of State of Delaware on Princ. office of LLC: Chaves Family FIKA 10 LLC, Arts. of Propco LLC. Authority filed with NY 09/10/14. Office: New York County. Holdings, LLP, 111 John St., Ste. 312, Org. filed with the SSNY on 10/15/2014. Department of Financial Services Dept. of State on 12/3/14. Office SSNY designated as agent of the NY, NY 10038. SSNY designated as Office loc: NY County. SSNY has makes the following statement: location: NY County. Princ. bus. addr.: LLC upon whom process against it agent of LLC upon whom process been designated as agent upon 200 State St., Ste. 5, Boston, MA may be served. SSNY shall mail against it may be served. SSNY shall whom process against the LLC may Any person who knowingly and 02109. LLC formed in DE on 11/13/14. copy of process to the LLC, c/o The mail process to Corporation Service be served. SSNY shall mail process NY Sec. of State designated agent of Carlyle Group, 520 Madison Avenue, Co., 80 State St., Albany, NY 12207- to: Lars Akerlund, 66 Pearl St., NY, with intent to defraud any LLC upon whom process against it New York, NY 10022. Purpose: Any 2543. Purpose: Any lawful activity. NY 10004. Reg Agent: Lars Akerlund, insurance company or other may be served and shall mail process lawful purpose. 66 Pearl St., NY, NY 10004. Purpose: person, files an application for to: c/o CT Corporation System, 111 Notice of Formation of Grid Urban Any Lawful Purpose. insurance or statement of claim Notice of Formation of RSG-SHEF 8th Ave., NY, NY 10011, regd. agent Ventures II, LLC. Arts. of Org. filed with containing any materially false upon whom process may be served. DEVELOPMENT LLC. Arts. of Org. Secy. of State of NY (SSNY) on ASHAP REALTY LLC. Art. of Org. filed DE addr. of LLC: c/o The Corporation filed with Secy. of State of NY (SSNY) 09/01/00. Office location: NY County. with the SSNY on 09/03/14. Office: New information, or conceals for the Trust Co., 1209 Orange St., on 10/31/14. Office location: NY SSNY designated as agent of LLC upon York County. SSNY designated as purpose of misleading, Wilmington, DE 19801. Cert. of Form. County. Princ. office of LLC: 360 whom process against it may be served. agent of the LLC upon whom process information concerning any fact Lexington Ave., 2nd Fl., NY, NY 10017. filed with DE Sec. of State, 401 SSNY shall mail process to: Grid against it may be served. SSNY shall material there-to, commits a Federal St., Dover, DE 19901. SSNY designated as agent of LLC Properties, Inc., 599 Lexington Ave., mail copy of process to the LLC, 152 Purpose: all lawful purposes. upon whom process against it may NY, NY 10022, Attn: Drew Greenwald. E. 65th Street, New York, NY 10065. fraudulent insurance act, which be served. SSNY shall mail process Purpose: any lawful activities. Purpose: Any lawful purpose. is a crime and shall also be JOSEPH AND DALIA PORECKI LLC. to the LLC, Attn: Richard Mack, 60 subject to a civil penalty not to , 20th Fl., NY, NY Art. of Org. filed with the SSNY on Notice of Formation of 215 Moore St Notice of Formation of: SOHO PIXEL exceed five thousand dollars and 02/03/10. Office: New York County. 10023. Purpose: Any lawful activity. Development LLC. Arts. of Org. filed LLC. Arts of Org. filed with Secy of the stated value of the claim for SSNY designated as agent of the with Secy. of State of NY (SSNY) on State of NY (SSNY) on 07-25-2014. LLC upon whom process against it Notice of Qualification of DFB 12/3/14. Office location: NY County. Off. Loc.: New York County. SSNY each such violation. may be served. SSNY shall mail Insurance Group LLC. Filed on SSNY designated as agent of LLC designated as agent of LLC upon copy of process to the LLC, 250 E. 10/1/2014 with the Secretary of Stae upon whom process against it may whom process against it may be Anyone knowing of a fraudulent , Apt. 2303, New York, NY of New York. LLC formed in TX on be served. SSNY shall mail process served. SSNY shall mail process to: 10022. Purpose: Any lawful purpose. 2/18/14. Address of LLC: 117 E to: c/o The LLC, 711 , act should call Ellen Dunkin at: 400 E 56 St STE 100.New York, NY Amalgamated Life Kingsmill, Pampa, TX 79065. SSNY 16th Fl., NY, NY 10022. Purpose: any 10022. Purpose: Any lawful activity. Notice of Formation of INTER-PROJECTS has been designated as an agent lawful activity. Insurance Company ARCHITECTURE, PLLC. Arts. of Org. upon whom process against it may be Notice of Qualification of 85 Broad 333 Westchester Avenue filed with Secy. of State of NY served. Certificate of LLC filed with Notice of Formation of BESOS FROM Property Manager LLC. Authority filed White Plains, NY 10604 (SSNY) on 11/25/14. Office location: Secretay of State of TX located at PO LOLA, LLC. Arts. of Org. filed with with NY Dept. of State on 12/3/14. 800-624-5844 NY County. SSNY designated as Box 12887, Austin, TX 78711-2887 Secy. of State of NY (SSNY) on Office location: NY County. Princ. bus. 09/12/14. Office location: NY County. agent of PLLC upon whom process addr.: 200 State St., Ste. 5, Boston, MA Notice of Formation of Sun Way SSNY designated as agent of LLC against it may be served. SSNY shall Notice of Formation of 2403 EAST 02109. LLC formed in DE on 11/10/14. International Holding LLC, Art. of Org. upon whom process against it may mail process to c/o Seth E. 13TH OWNER LLC. Arts. of Org. filed NY Sec. of State designated agent of filed Secy. of State of NY (SSNY) on be served. SSNY shall mail process Zuckerman, Esq., 18 Columbia Tpke, with Secy. of State of NY (SSNY) on LLC upon whom process against it 04/03/2013. Office location: New to the LLC, Ronnie Livia, 400 E. 56th Ste, 200, Florham Park, NJ 07932- 11/05/14. Office location: NY County. may be served and shall mail process York County. SSNY Designated as St., Apt. 5B, NY, NY 10022. Purpose: 2266. Purpose: Architectural. Princ. office of LLC: 295 Madison Ave., to: c/o CT Corporation System, 111 agent of LLC upon whom process Any lawful activity. 2nd Fl., NY, NY 10017. SSNY desig- 8th Ave., NY, NY 10011, regd. agent against it may be served. SSNY shall Notice of Formation of NIKI LIFESTYLE, nated as agent of LLC upon whom upon whom process may be served. mail copy of process to: The LLC, LLC. Arts. of Org. filed with Secy. of process against it may be served. 840 FULTON CAD, LLC, Arts. of Org. DE addr. of LLC: c/o The Corporation 148 Madison St., New York, NY State of NY (SSNY) on 11/04/14. SSNY shall mail process to c/o filed with the SSNY on 09/23/2014. Trust Co., 1209 Orange St., 10002. Purpose: any lawful activity. Office location: NY County. SSNY Philips International at the princ. office Office loc: NY County. SSNY has Wilmington, DE 19801. Cert. of Form. designated as agent of LLC upon of the LLC. Purpose: Any lawful activity. been designated as agent upon filed with DE Sec. of State, 401 234 Troy Avenue LLC. Arts. of Org. whom process against it may be whom process against the LLC may Federal St., Dover, DE 19901. filed with Secy. of State of NY (SSNY) served. SSNY shall mail process to Notice of Qualification of AITHON be served. SSNY shall mail process Purpose: all lawful purposes. on 09/12/14. Off. loc.: New York Co. Corporation Service Co., 80 State St., CAPITAL MANAGEMENT, LP. Appl. to: C/O The Daten Group, Inc. Attn: SSNY designated as agent of LLC Albany, NY 12207, regd. agent upon for Auth. filed with Secy. of State of NY David Ennis, 444 Madison Ave, Ste Notice of Qualification of AITHON upon whom process may be served. whom and at which process may be (SSNY) on 12/02/14. Office location: 510, NY, NY 10022. Purpose: Any CAPITAL GP LLC. Appl. for Auth. filed SSNY shall mail process to 10 W 47th served. Purpose: Any lawful activity. NY County. LP formed in Delaware Lawful Purpose. with Secy. of State of NY (SSNY) on St., Ste. 501, New York, NY 10036. (DE) on 10/02/14. Princ. office of LP: 12/02/14. Office location: NY County. Purpose: General. Notice of Qualification of STURM 501 Madison Ave., 8th Fl., NY, NY Notice of Qualification of King LLC formed in Delaware (DE) on FAMILY OFFICE LLC. Authority filed 10022. SSNY designated as agent of Commercial Finance LLC. Authority 11/06/14. Princ. office of LLC: 501 Notice of Qualification of ZIFF CAPITAL with Secy. of State of NY (SSNY) on LP upon whom process against it may filed with NY Dept. of State on Madison Ave., 8th Fl., NY, NY 10022. PARTNERS, LLC. Authority filed with 11/12/14. Office location: NY County. be served. SSNY shall mail process 10/14/14. Name amended to SSNY designated as agent of LLC Secy. of State of NY (SSNY) on LLC formed in Delaware (DE) on to the Partnership at the princ. office Commercial Industrial Finance, LLC. upon whom process against it may be 11/07/14. Office location: NY County. 04/17/14. SSNY designated as agent of the LP. The regd. agent of the Office location: NY County. LLC served. SSNY shall mail process to LLC formed in Delaware (DE) on of LLC upon whom process against company upon whom and at which formed in MO on 10/25/06. NY Sec. the LLC at the princ. office of the LLC. 11/05/14. SSNY designated as agent it may be served. SSNY shall mail process against the company can be of State designated agent of LLC upon The regd. agent of the company upon of LLC upon whom process against process to c/o Corporation Service served is Harold Lehr at the princ. whom process against it may be whom and at which process against it may be served. SSNY shall mail Co., 80 State St., Albany, NY 12207- office of the LLC. Name and addr. of served and shall mail process to: CT the company can be served is Harold process to c/o Corporation Service 2543. DE addr. of LLC: 2711 each general partner are available Corporation System, 111 8th Ave., NY, Lehr at the princ. office of the LLC. Co. (CSC), 80 State St., Albany, NY Centerville Rd., Ste. 400, Wilmington, from SSNY. DE addr. of LP: 2711 NY 10011. MO and principal business DE addr. of LLC: c/o Corporation 12207-2543. DE addr. of LLC: CSC, DE 19808. Arts. of Org. filed with The Centerville Rd., Ste. 400, Wilmington, addr.: 10024 Office Center Ave., Ste. Service Co., 2711 Centerville Rd., Ste. 2711 Centerville Rd., Ste. 400, DE Secy. of State, Div. of Corps., DE 19808. Cert. of LP filed with 150, St. Louis, MO 63128. Cert. of 400, Wilmington, DE 19808. Cert. of Wilmington, DE 19808. Arts. of Org. John G. Townsend Bldg., 401 Secy. of State of the State of DE, 401 Org. filed with MO Sec. of State, 600 Form. filed with Secy. of State of the filed with DE Secy. of State, Div. of Federal St., Ste. 4, Dover, DE 19901. Federal St., Dover, DE 19901. W. Main St., Jefferson City, MO State of DE, 401 Federal St., Dover, DE Corps., 401 Federal St., Dover, DE Purpose: Any lawful activity. Purpose: Any lawful activity. 65101. Purpose: all lawful purposes. 19901. Purpose: Any lawful activity. 19901. Purpose: Any lawful activity.

December 15, 2014 | Crain’s New York Business | 17 P017-18CL_CN_20141215.qxp 12/12/2014 2:29 PM Page 18

TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of 345 Park Notice of Qualification of SDCL EE Notice of Qualification of 458 NY Notice of Formation of BH-MIO, LLC. Notice of Formation of Steuben Debt LLC. Authority filed with NY Dept. of Co (US) Management, LLC. Appl. for LLC. Authority filed with NY Dept. of Arts. of Org. filed with Secy. of State LLC, Art. of Org. filed Sec'y of State State on 10/30/14. Office location: NY Auth. filed with Secy. of State of NY State on 11/6/14. Office location: NY of NY (SSNY) on 11/21/14. Office (SSNY) 3/17/14. Office location: NY County. Princ. bus. addr.: 345 Park (SSNY) on 10/14/14. Office loc.: NY County. LLC formed in DE on location: NY County. SSNY designated County. SSNY designated as agent Ave., NY, NY 10154. LLC formed in Cnty. LLC formed in Delaware on 9/10/14. NY Sec. of State designated as agent of LLC upon whom process of LLC upon whom process against DE on 11/13/13. NY Sec. of State 09/05/14. SSNY designated as agent agent of LLC upon whom process against it may be served. SSNY shall it may be served. SSNY shall mail designated agent of LLC upon whom of LLC upon whom process against it against it may be served and shall mail process to Corporation Service copy of process to Bluestone Group, process against it may be served may be served. Orig. addr. of process: mail process to: c/o CT Corporation Co., 80 State St., Albany, NY 12207, 225 Broadway, NY, NY 10007. and shall mail process to: c/o CT c/o Sustainable Development Capital, System, 111 8th Ave., NY, NY 10011. regd. agent upon whom and at which Purpose: any lawful activities. Corporation System, 111 8th Ave., NY, LLC, 485 Madison Ave., 7th Fl., NY, DE address of LLC: c/o The process may be served. Purpose: NY 10011, regd. agent upon whom NY 10022. As amended by Cert. of Corporation Trust Co., 1209 Orange Any lawful activity. Notice of Formation of Peninsula process may be served. DE addr. of Change filed on 11/21/14, SSNY St., Wilmington, DE 19801. Cert. of Realty Holdings LLC, Art. of Org. filed LLC: 1209 Orange St., Wilmington, DE shall mail process to princ. office of Form. filed with DE Sec. of State, Notice of Formation of SD Builders Sec'y of State (SSNY) 7/2/14. Office 19801. Cert. of Form. filed with DE LLC: 36 W. 44th St., Ste. 1412, NY, 401 Federal St., Dover, DE 19901. and Construction LLC. Arts. of Org. location: NY County. SSNY designated Sec. of State, 401 Federal St., Dover, DE NY 10036. DE addr. of LLC: c/o Purpose: all lawful purposes. filed with Secy. of State of NY (SSNY) as agent of LLC upon whom process 19901. Purpose: all lawful purposes. National Corp. Research, Ltd., 615 S. on 11/05/14. Office location: NY against it may be served. SSNY shall DuPont Hwy., Dover, DE 19901. Cert. Dana's Bakery NY, LLC. Arts. of Org. County. SSNY designated as agent mail copy of process to Bluestone Notice of Qualification of KF 125th of Form. filed with DE Secy. of State, filed with Secy. of State of NY (SSNY) of LLC upon whom process against Group, 225 Broadway, NY, NY 10007. St., LLC. Authority filed with NY Dept. 401 Federal St., Ste. 4, Dover, DE on 10/16/14. Off. loc.: NY Co. SSNY it may be served. SSNY shall mail Purpose: any lawful activities. of State on 10/30/14. Office location: 19901. Purpose: Any lawful activity. designated as agent of LLC upon process to: c/o Slate Property Group NY County. Princ. bus. addr.: 999 whom process may be served. SSNY LLC, 850 Third Ave., Ste. 16-B, NY, Notice of Formation of Parker Ave JV Waterside Dr., Ste. 2300, Norfolk, VA Notice of Formation of 360 CPW LLC shall mail process to c/o Dana NY 10022, Attn: Martin Nussbaum. LLC, Art. of Org. filed Sec'y of State 23510. LLC formed in DE on 10/17/14. Arts. of Org. filed with Secy. of State Pollack, PO Box 662, Franklin Lakes, Purpose: any lawful activities. (SSNY) 5/23/14. Office location: NY NY Sec. of State designated agent of of NY (SSNY) on 08/29/14. Office NJ 07417. Purpose: General. County. SSNY designated as agent LLC upon whom process against it location: NY County. Princ. office of Notice of formation of Carol Farah of LLC upon whom process against it may be served. SSNY shall mail may be served and shall mail process LLC: c/o Argo Real Estate, 50 W. 17th JW PROPERTIES & DESIGN LLC, NYC Studio, LLC Arts. of Org. filed copy of process to Bluestone Group, to: c/o CT Corporation System, 111 St., NY, NY 10011. SSNY designated Arts. of Org. filed with the SSNY on with the Sect'y of State of NY (SSNY) 225 Broadway, NY, NY 10007. 8th Ave., NY, NY 10011, regd. agent as agent of LLC upon whom process 11/12/2014. Office loc: NY County. on 9/25/2014. Office location, County Purpose: any lawful activities. upon whom process may be served. against it may be served. SSNY shall SSNY has been designated as agent of New York. SSNY has been DE addr. of LLC: The Corporation Trust mail process to the LLC at the addr. of upon whom process against the LLC designated as agent of the LLC Notice of Formation of Lau’s Realty Co., 1209 Orange St., Wilmington, DE its princ. office. Purpose: Any lawful may be served. SSNY shall mail upon whom process against it may Associate LLC, Art. of Org. filed 19801. Cert. of Form. filed with DE activity. process to: Joy Wayne, 325 E. 57th be served. SSNY shall mail process Secy. of State of NY (SSNY) on Sec. of State, PO Box 898, Dover, DE St., Apt. 6B, NY, NY 10022. Purpose: to: 250 W. 90th St., #3H, NY, NY 10024. Purpose: any lawful act. 07/23/2014. Office location: New 19903. Purpose: all lawful purposes. Notice of Formation of IMPETUS Any Lawful Purpose. York County. SSNY Designated as PHYSICAL THERAPY PLLC. Arts. of PERSONAL PODIATRY NY PLLC, a NES DEVELOPMENT LLC, Arts. of Org. agent of LLC upon whom process Org. filed with Secy. of State of NY Prof. LLC, Arts. of Org. filed with the Notice of Formation of CHELSEA filed with the SSNY on 11/06/2014. against it may be served. SSNY shall (SSNY) on 11/24/14. Office location: SSNY on 11/12/2014. Office location: PHOENIX LLC. Arts. of Org. filed with Office loc: NY County. SSNY has mail copy of process to: The LLC, 9 NY County. SSNY designated as NY County. SSNY has been desig- Secy. of State of NY (SSNY) on been designated as agent upon Mott St., Suite #300, New York, NY agent of PLLC upon whom process nated as agent upon whom process 08/18/14. Office location: NY County. whom process against the LLC may 10013. Purpose: any lawful activity. against it may be served. SSNY shall against it may be served. SSNY shall SSNY designated as agent of LLC be served. SSNY shall mail process mail process to Corporation Service mail process to: 20 East 46th St, NY, upon whom process against it may be to: 20 W. 33rd St., 6th Flr., NY, NY Bond Street Capital Group LLC. Arts. Co., 80 State St., Albany, NY 12207- NY 10017. Purpose: To Practice The served. SSNY shall mail process to the 10001. Reg. Agent: Larry Katz, 20 W. of Org. filed with Secy. of State of 2543. Purpose: Any lawful activity. Profession Of Podiatry. LLC, 568 Broadway, Rm. 401, NY, NY 33rd St., 6th Flr., NY, NY 10001 NY (SSNY) on 10/30/14. Off. loc.: NY 10012. Purpose: Any lawful activity. Purpose: Any Lawful Purpose. Co. SSNY designated as agent of Notice of Qualification of Echo Notice of Formation of 153 East LLC upon whom process may be Capital Group, LLC. Authority filed Broadway LLC. Arts. of Org. filed with 1115 COLLEGE AVE. LLC, a domestic Notice of Formation of BUNN served. SSNY shall mail process to with the Secretary of State of New York Secy. of State of NY (SSNY) on LLC, filed with the SSNY on 11/13/14. GANSEVOORT, LLC. Arts. of Org. filed 460 Park Ave South, Ste. 204, New (SSNY) on 10/8/14. Office location: New 11/4/14. Office location: NY County. Office location: New York County. with Secy. of State of NY (SSNY) on York, NY 10016. Purpose: General. York County. LLC formed in Delaware SSNY designated as agent of LLC SSNY is designated as agent upon 11/24/14. Office location: NY County. on 1/31/14. SSNY designated agent upon whom process against it may be whom process against the LLC may Princ. office of LLC: Mr. Hyun Soo Lee, ACTIVE WORKING PARTNERS LLC, upon whom process may be served served. SSNY shall mail process to: be served. SSNY shall mail process to c/o Bunn Gansevoort, LLC, 1965 a domestic LLC, filed with the SSNY and shall mail copy of process The LLC, 153 East Broadway, NY, NY Mandell Mandell LLP, 8002 Kew Broadway, Ste. 16J, NY, NY 10023. on 11/12/14. Office location: New against LLC to: C/O CT Corporation 10002. Purpose: any lawful activity. Gardens Rd., Ste. 606, Kew Gardens, SSNY designated as agent of LLC York County. SSNY is designated as System, 111 8th Avenue, New York, NY 11415-3606. General Purposes. upon whom process against it may agent upon whom process against NY 10011. Purpose: any lawful act. Notice of Formation of 116 Development be served. SSNY shall mail process the LLC may be served. SSNY shall LLC. Arts. of Org. filed with Secy. of Notice of Formation of 55 W 19 LLC. to the LLC at the addr. of its princ. mail process to Rebecca Frankel, 37 Notice of Formation of NYCHA State of NY (SSNY) on 10/23/14. Arts. of Org. filed with Secy. of State of office. Purpose: Any lawful activity. W. 72nd St., #7E, NY, NY 10023. Triborough Preservation LLC. Arts. of Office location: NY County. SSNY NY (SSNY) on 10/1/14. Office location: General Purposes. Org. filed with NY Dept. of State on designated as agent of LLC upon whom NY County. SSNY designated as agent Notice of Formation of GENERATION 11/12/14. Office location: NY County. process against it may be served. SSNY of LLC upon whom process against it MEDICAL ASSOCIATES PLLC. Arts. Notice of Formation of HSC ATLANTIC, Sec. of State designated agent of shall mail process to: c/o The LLC, may be served. SSNY shall mail of Org. filed with Secy. of State of NY LLC. Arts. of Org. filed with Secy. of LLC upon whom process against it 245 E. 63rd St., Ste. 1101, NY, NY process to: c/o Homestate Properties, (SSNY) on 11/24/14. Office location: State of NY (SSNY) on 12/05/14. may be served and shall mail process 10065. Purpose: any lawful activity. 261 W. 35th St., Ste. 201, NY, NY NY County. Princ. office of PLLC: 21 Office location: NY County. Princ. to: c/o New York City Housing 10001. Purpose: any lawful activity. E. 69th St., NY, NY 10021. SSNY office of LLC: 12 W. 23rd St., 4th Fl., Authority, 250 Broadway, 9th Fl., NY, NY Notice of Qualification of GLL BVK designated as agent of PLLC upon NY, NY 10010. SSNY designated as 10007, principal business address. Properties 2014, L.P. Authority filed Notice of Qualification of BRYANT whom process against it may be agent of LLC upon whom process Purpose: all lawful purposes. with NY Dept. of State on 7/16/14. PARK FINANCE MANAGER, LLC. served. SSNY shall mail process to against it may be served. SSNY shall Office location: NY County. Princ. Authority filed with Secy. of State of NY Attn: Norbert Gleicher, Manager at mail process to Hope Street Capital Notice of Qualification of Echo bus. addr.: 199 Fremont St., Ste. (SSNY) on 10/30/14. Office location: the princ. office of the PLLC. LLC at the princ. office of the LLC. Management, LLC, doing business as 1150, , CA 94105. LP NY County. LLC formed in Delaware Purpose: Any lawful activity. Purpose: Any lawful activity. ECG Management, LLC in New York. formed in DE on 4/15/14. NY Sec. of (DE) on 10/17/14. Princ. office of LLC: Authority filed with the Secretary of State designated agent of LP upon One Bryant Park, 38th Fl., NY, NY NUM PANG FRANCHISING, LLC. CHAMM ACQUISITIONS, LLC. App. State of New York (SSNY) on 10/9/14. whom process against it may be 10036. SSNY designated as agent of App. for Auth. filed with the SSNY on for Auth. filed with the SSNY on Office location: New York County. served and shall mail process to: c/o LLC upon whom process against it 11/13/14. Originally filed with the 11/13/14. Originally filed with the LLC formed in Colorado on 3/4/14. CT Corporation System, 111 8th may be served. SSNY shall mail Secretary of State of Delaware on Secretary of State of Delaware on SSNY designated agent upon whom Ave., NY, NY 10011, regd. agent process to the LLC at the princ. office 11/06/14. Office: New York County. 11/06/14. Office: New York County. process may be served and shall upon whom process may be served. of the LLC. DE addr. of LLC: The SSNY designated as agent of the LLC SSNY designated as agent of the LLC mail copy of process against LLC to: DE addr. of LP: 1209 Orange St., Corporation Trust Co., Corp. Trust upon whom process against it may upon whom process against it may C/O CT Corporation System, 111 8th Wilmington, DE 19801. Name/addr. Center, 1209 Orange St., Wilmington, be served. SSNY shall mail copy of be served. SSNY shall mail copy of Avenue, New York, NY 10011. of genl. ptr. available from NY Sec. of DE 19801. Arts. of Org. filed with DE process to the LLC, c/o Daniels Norelli process to the LLC, c/o Daniels Norelli Purpose: any lawful act. State. Cert. of LP filed with DE Sec. Secy. of State, John G. Townsend Scully & Cecere, P.C., One Old Country Scully & Cecere, P.C., One Old Country of State, 401 Federal St., Dover, DE Bldg., 401 Federal St., Ste. 4, Dover, DE Road, Suite LL5, Carle Place, NY Road, Suite LL5, Carle Place, NY Notice of Qualification of MILLSTEIN 19901. Purpose: all lawful purposes. 19901. Purpose: Asset management. 11514. Purpose: Any lawful purpose. 11514. Purpose: Any lawful purpose. REAL ESTATE CO. LLC. Authority filed with Secy. of State of NY (SSNY) on 10/31/14. Office location: NY County. LLC formed in Delaware (DE) on 11/15/13. Princ. office of LLC: WANT TO GET YOUR COMPANY IN FRONT OF 1717 Pennsylvania Ave. NW, Ste. 333, Washington, DC 20006. SSNY designated as agent of LLC upon NEW YORK CITY’S INFLUENTIAL whom process against it may be served. SSNY shall mail process to BUSINESS PROFESSIONALS? the LLC, Attn: General Counsel, 40 E. 52nd St., 20th Fl., NY, NY 10022. DE addr. of LLC: 2711 Centerville Rd., Ste. 400, Wilmington, DE 19808. Contact Joanne Barbieri at 212-210-0189 Arts. of Org. filed with DE Secy. of State, Div. of Corps., 401 Federal St., for classified advertising opportunities. Ste. 4, Dover, DE 19901. Purpose: Any lawful activity.

18 | Crain’s New York Business | December 15, 2014 20141215-NEWS--0019-NAT-CCI-CN_-- 12/12/2014 6:43 PM Page 1

IN THE BOROUGHS QUEENS

from the Parks Department, Mr. Geiyer, a retired home repairman, Whose parkland? swung into action. He founded the Clearview Civic Association, Continued from Page 3 their own are squatters, plain and whose membership at one point hit sive against what turns out to be a sur- simple,” said Marc Haken, presi- 200, and he and his neighbors prisingly widespread problem in the dent of of Cunningham flooded the Parks Department with city. Currently, the agency, which Park in Fresh Meadows, Queens. complaint calls. Soon the local oversees the city’s 1,700 parks, has 89 In 2008, he took particular of- Community Board and elected of- NOT THEIR BACKYARD: cases of “incursions” on its plate. fense when a tip to the Parks Depart- The city has reclaimed ficials took notice and conducted Queens,a borough noted for its green ment revealed that residents of the park land in Bayside, meetings on the subject. Eventual- space,leads the pack with 49. Oakland Gardens neigh- Queens. ly, however, the threat of litigation In addition, there are 22 ac- borhood had expanded by the Parks Department forced tive cases in Staten Island,14 1,700 their backyards onto a na- residents to capitulate. NUMBER of in Brooklyn and even four in parks in city ture trail that feeds into Manhattan. Only the Bronx Cunningham Park. ‘Can’t fight City Hall’ has no such cases. Some 45 homeowners “When it comes down to it, we 89 along Richland and Kings- have a property line and we have to

Targeting ‘squatters’ NUMBER bury avenues were found to philip murtha do what is right whether land is va- Parks Department offi- of current have encroached onto the cant or not,” said Kim Ohanian, encroachment cials say they cannot com- cases trail. Some had put up jun- who received a letter from the Parks years later,and Mr.Geiyer recalls that chairperson of the parks committee ment on the status of the gle gyms and toolsheds on Department ordering her to remove residents were then promised a park. for Community Board 7, which in- current cases,but the basic drill is al- parkland. In one case, authorities her “backyard” shed. “It [was land Later,however,the city announced it cludes Bayside. ways the same: Once the city files a discovered a private pool on public that] connected to my property,and did not have funds for such a move, “We tried our best,” said Mr. complaint, property surveys are property. In another, they found a it was only natural to want it to look and the land was left idle. Geiyer, who decided to trade in city conducted to verify whether incur- fence a resident had put up to keep nice.” Over the years, homeowners life for the wide open spaces of sions have occurred. If they have, people out of what he regarded as his Similarly, John Geiyer, who grew gradually made more use of the Montana. “But I guess you can’t residents are notified and given 30 patch of parkland. up on 207th Street, said he remem- abandoned space and tried to keep fight City Hall.” days to comply with an order. Such blatant misuse of land was bers the land being a leftover from up “their”portion of it.“We were the Meanwhile, the land on which Many park backers say such not the case in Bayside,according to the construction of the Clearview ones who took care of the land all the city triumphed over area resi- moves are overdue. “People who homeowners. “No one was looking Expressway in 1963. The Parks De- these years,” he said. dents sits vacant, and there are no take pieces of parkland and make it to claim the land,” said Pat Brosi, partment acquired the property two When residents received letters plans to develop it for public use. Ⅲ

the deal’s failure angered Gov. An- inked a partnership with Citigroup, How biz views mayor’s first year drew Cuomo, who had favored the Deutsche Bank, Morgan Stanley West Side development. A and Bank of America to create a spokesperson for the governor did $350 million fund for the construc- Continued from Page 1 opment projects that receive more year.“So far,so good,”said Brooklyn not respond to a request for com- tion,rehabilitation and preservation keeping an arms-length relation- than $1 million in city subsidies to Academy of Music President Karen ment. of approximately 7,500 affordable- ship with the new mayor, publicly pay their workers an hourly wage of Brooks Hopkins. Mr. de Blasio’s other dealings housing units. And he populated a cheering his mission to create a fair- $13.13,or $11.50 with benefits.De- She praised Tom Finkelpearl, with Wall Street have been limited. 101-member host committee to er city while casting a wary eye on velopers have long warned that such He made an appearance at a board raise money for his bid to host the his business mandates. a policy would make projects diffi- meeting of the Partnership for New 2016 Democratic National Con- Many are giving Mr. de Blasio cult to finance. So far, no project has York City in May, telling the gath- vention in Brooklyn with some of the benefit of the doubt. After all, surfaced that would fall under the ered bankers and corporate bigwigs the city’s top bankers,CEOs and la- the unemployment rate continues to new rule. that “we share many of the same bor leaders. drop—at 6.4%, it is the lowest in six Last month, the Astoria Cove goals.” Kathryn Wylde, president But not everyone on Wall Street years—while tax revenues are ex- development in Queens was the first and CEO of the business group,said is feeling the love. ceeding forecasts. The mayor han- to opt into Mr.de Blasio’s inclusion- at the time that Mr. de Blasio’s “There’s a palpable sense at the dled his first budget without any ary zoning program,in which devel- words were met with “universal en- moment that the mayor is not out major snafus and has struck deals opers build affordable housing thusiasm.” there to attract business to New with 71% of the city’s unionized without subsidies in exchange for In assessing the mayor’s first year, York,”said Euan Rellie,senior man- workforce. increased density. Alma Realty— Ms.Wylde is circumspect.“There is aging director of BDA, an invest- pressured by the City Council as concern,” she said, “about the ad- ment banking firm. “There’s a dan- More regulation much as by the mayor’s office— ministration and the City Council ger that de Blasio has failed to “He’s had a very good year,” said agreed to make 27% of the 1,700 being overly intrusive in the rela- recognize how important business is Kevin Ryan, founder of online re- apartments affordable, including tionship between employers and for this city.” tailer Gilt and a generous donor to 2% with help from a city subsidy. employees, in the context of general Mr. Rellie, though, gave Mr. de Mr. de Blasio’s 2013 campaign. But it remains to be seen if the con- concern about the regulatory, en- Blasio high marks for his handling “Most of the key metrics that meas- cessions rendered the project not vi- ‘There’s a sense forcement and litigation environ- of anti-police sentiment following a ure the city’s health are very good. able: Alma is already shopping ment in the city.” grand jury’s decision not to indict a Those are not all because of him,but around a stake in it. that he is not The mayor recently announced white police officer in the death of it’s still a very good sign and is giv- The deal left a bitter taste in the that businesses contracting with the an unarmed black man. ing people comfort.” mouths of some housing advocates, out to attract city will have to consider job appli- And though that praise was Still,New York under Mr.de Bla- who wanted more affordable units, business to NY’ cants from city workforce programs. echoed by a dozen other business sio is undoubtedly a city of more reg- and developers,who saw the admin- His council allies are advancing bills leaders interviewed for this story, a ulation,mandates and headaches for istration as acquiescing to liberal to limit criminal-history and credit sense emerged that Mr. de Blasio’s some business owners.In March,the forces in the council. checks by employers. management style was not to their mayor approved a vast expansion of “That was [expletive] messy,” Ms. Wylde, continuing her liking. the city’s paid-sick-leave law—in- said one real estate executive about thought, said, “The question is: Many were irked by what they corporating businesses with as few as the Astoria Cove drama. The may- What’s the cumulative impact if collectively described as a reluctance five employees—before the original or seemed to be reacting to grum- the mayor’s choice for cultural com- that pattern continues?” by the mayor to abandon the version even took effect. In the law’s bling from council members that missioner, and added, “I’m grateful A spokesman for the mayor said, campaign-rally tactics of last year’s first six months, the city received they had too little input on a previ- there have not been cuts [to cultur- “We came into office with a pro- election season, while others pri- only 245 potentially valid com- ous deal for the Domino Sugar de- al funding] in the first year of the gressive agenda aimed at fighting vately complained that his adminis- plaints,five of which triggered warn- velopment in Brooklyn. budget. It was a relief.” inequality, and it should come as no tration was more opaque to business ings of fines, according to the De- Cultural institutions, which had The mayor, as he promised, has surprise that’s where our policies interests than his predecessor. partment of Consumer Affairs. cringed at losing patron saint of the taken a hard line against subsidies and our energies have been directed. “Most businesses, instead of In October, Mr. de Blasio signed arts Mr. Bloomberg, give a tentative for big businesses. He claimed But regardless of where folks stand looking for ways to partner with the an executive order requiring devel- thumbs-up to Mr. de Blasio’s first JPMorgan Chase sought up to $1 on those issues, there’s a lot of com- mayor and his team, are looking for billion in city and state tax breaks to mon ground that people of every ways to make sure we stay out of the CORRECTIONS build two towers at Hudson Yards, walk of life care about.” crosshairs,”said one top executive.Ⅲ Jeremy and David Miller’s bespoke Label offers suits from $688 to $5,000, and shirts from $98 and and deemed the request a “non- more than $500. The clothier has generated more than $1 million in revenue this year. This information starter.” The bank abandoned the Management style Additional reporting by Theresa Agovino was misstated in the Dec. 8 Helluva Town item “Trying on fashion.” idea, remaining at the midtown Mr. de Blasio has succeeded in The average annual salary at ZogSports is $54,146. This information was misstated in the Dec. 8 Best buildings it owns at 270 Park Ave. enlisting the city’s major financial LISTEN to a discussion at Places to Work section. and 383 Madison Ave. Sources said institutions for a variety of goals.He CrainsNewYork.com/podcasts

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working with Montefiore since July ue to receive a world-class educa- to reach agreement on Einstein’s tion.” Med school bleeds Yeshiva U governance and operation. What lies ahead now for Yeshiva In a separate statement, Monte- isn’t clear. The spokesman declined Continued from Page 1 and enhance our ability to invest in partner,the Montefiore Health Sys- fiore acknowledged, “We have been to provide details on “an array of Yeshiva, which is losing an esti- our core objective:delivering an un- tem. Montefiore and Yeshiva would unable to reach agreement at this steps to address Einstein’s operating mated $150 million a year on oper- matched educational experience for jointly form a new entity,with Mon- time with Yeshiva University,” but deficit.”He said Yeshiva had an “on- ating revenue of $660 million,could our students.” tefiore taking greater responsibility the medical center also insisted “we going strategic planning and re- survive its financial crisis by further Yeshiva turned its attention two for the operations and financial remain deeply connected to Ein- structuring process” through which jettisoning real estate or turning to a months later to its revered Einstein management of Einstein. stein. The Montefiore and Einstein it was “managing its debt.” donor base rich with heavy hitters.It medical school, which generates Montefiore would assume “sig- communities are well integrated, One source briefed on the talks has a $1 billion endowment, but re- about two-thirds of Yeshiva’s nificant governance and financial have an aligned faculty, and togeth- between Yeshiva and Montefiore strictions on many gifts limit the deficit. Like many research institu- responsibility for the new Einstein er have advanced science and the fu- said negotiations are ongoing, and university’s ability to use the money tions, Einstein’s balance sheet has entity,” according to the announce- ture of medicine.” Montefiore has not walked away to support operations. been hit by cuts in federal support ment. That included Montefiore’s from the deal it proposed about a The school already has taken for research. But unlike many med- shouldering $100 million of Yeshi- Unclear future month ago. many steps to restructure. It sold off ical schools in New York, it has no va’s losses, providing the university A Yeshiva spokesman said last But according to the Moody’s Manhattan office buildings in 2013 hospital to generate revenues to some relief from a deficit that hit week that “the university is keeping analysis,Yeshiva’s balance sheet dete- for more than $200 million. In support the science mission. $150 million at the end of Septem- all options on the table to ensure a riorated during the six months of March 2014,it announced an agree- ber, according to reports. secure future of excellence for Ein- talks with Montefiore, because the ment to sell 10 residential properties Montefiore deal That deal may now have unrav- stein and the entire university. We university delayed making significant near its Wilf Campus in Washing- Einstein has a strong philan- eled. Moody’s stated last week in its believe our financial outlook allows expense reductions at Einstein Col- ton Heights. thropic base and a board of overseers credit report that the memorandum us to meet the goal of responsibly lege of Medicine during that period. The latter sale, Yeshiva Presi- that includes such names as Michael of understanding between Yeshiva achieving financial stability over the Their memorandum of under- dent Richard Joel wrote in a blog Price, Ira Millstein, Robert Belfer and Montiefiore had been “termi- next three years.” standing’s termination, Moody’s post last March, provided “an infu- and Burton Resnick. nated.” The university, the spokesman wrote, “contributes to uncertainty sion of cash that will be used to In May, Yeshiva announced a Yeshiva said in a statement after added, “remains a vibrant organiza- over the operation of the medical strengthen our financial position deal with its longtime education the Moody’s report that it has been tion where its students will contin- school.” Ⅲ

Sales Tax Reform Act, portions of in arrears or under investigation by which have been kicking around in the Department of Taxation, which Beer distributor battle brewing the state Legislature since 2009. vigorously investigates such cases. The proposed legislation would The legislation would require the Continued from Page 3 where consumers and retailers can pay for beer is higher than the price require the franchise wholesalers— tax to be assessed at the wholesale days.” Phoenix/Beehive did not re- purchase beer and other beverages, offered to chain supermarkets, those with brewery contracts—to transaction level, so that the tax is turn phone calls seeking comment. said about 10 years ago there used to drugstores and gas stations. Unlike publicly disclose their prices and of- built into the price of the beer and Manhattan Beer and Phoenix/ be 145 distributors in the area. those chains, bodega owners lack fer volume discounts to independ- the wholesaler is responsible for re- Beehive are among three major dis- “We have three places to buy beer mass-purchasing power because ent wholesalers,making prices more mitting the tax. tributors in the New York metropol- now, and soon we’ll have two,” he they are individually transparent and akin to The beer industry is carefully itan area that have exclusive con- said. “Manhattan Beer and Beehive owned. Some are even how liquor is sold and reg- watching the merger situation. tracts with breweries to sell certain are my suppliers and my competi- purchasing beer from BJs MARKET60% SHARE ulated in New York by the Some players are reluctant to discuss brands in the region to both retail- tors, and they control a big majority and Costco, because of held by Manhattan State Liquor Authority. it because their suppliers are in- ers and independent wholesalers. of the beer that I sell, which gives those stores’ competitive Beer and The agency requires that volved. New York’s growing craft- The third distributor is Anheuser- them an unfair advantage.” pricing, though the prac- Phoenix/Beehive liquor distributors post beer market,which accounts for just for beer sold in Busch. Manhattan Beer is aligned tice of a retailer purchas- NY metro area their prices on the SLA under 20% of sales, will be affected, with Coors and Corona, and ‘Egregious consequences’ ing from another is illegal website monthly. The too. One brewer who asked to re- Phoenix/Beehive is aligned with Many of his customers are bode- under state law. sales-tax portion of the bill main anonymous said, “I think the Heineken and Miller, though both ga operators, who say they sell more “This is one of the most egre- addresses the difficulty small-store brewers should be more concerned.” sell nonalcoholic beverages and im- beer in the city than any other retail- gious consequences of monopoly,” owners have in keeping track of the Bart Watson, chief economist of ported and craft beers. ers, including supermarkets. Bode- stated the report. taxes they collect—or neglect to col- the Brewers Association,which rep- Together they control 60% of the gas sell 65% of the beer that’s dis- With the prospect of a merger lect—for beer sales. resents craft beer, said, “We believe beer sold in the metropolitan area, tributed in the city, according to the that would result in less competition small brewers should have more according to the trade groups’ re- Empire State Beer Distributors As- at the wholesale level, the bodega Taxing situation choice in who sells their beers.Con- port. sociation and the Bodega Associa- owners and independent distribu- The Bodega Association argues solidation limits competition.” Ⅲ Paul Gagliardi, who owns a tion of the . tors are angling for legislative con- that many proprietors are confused 100,000-square-foot facility in In- The bodegas say that despite cessions. They are rallying for pas- by the tax law concerning alcoholic LISTEN to a discussion at CrainsNewYork.com/podcasts wood—Flair Beverages Inc.— their market share, the price they sage of the Beer Price Posting and beverages and often find themselves

they might be looking at the way that dependent. Labor activists have these startups classify employees.” long argued for a broader definition Tech firms, labor interests clash One issue that muddies matters of employer control. for a federal agency like the NLRB For Mr. Harrington, the idea of Continued from Page 3 that’s control.” While that premise may satisfy is that independent-contractor def- fair treatment is relative. “I think how or when to paint your house.” Although Mr. Harrington de- well-paid programmers who jump initions vary by state. For instance, you’ve got so many people earning Under IRS regulations, inde- clined to discuss the California suit from project to project, often with- attorneys familiar with both states money at a fair rate of earnings, and pendent contractors receive no specifically, he did defend the basic out basic labor protections, it is has say that the California suit against so many consumers enjoying the health care or unemployment insur- premise of why Handy eschews yet to catch on with labor regulators. Handy would be more difficult to benefits, that it’s hard to prove we’re ance benefits, making them more working with full-time cleaners. try in New York, where the litmus doing anything wrong,” he said, affordable to startups that hire them “The mechanics of operating under test of what constitutes an inde- adding that Handy pays its cleaners on an on-demand basis. But the a W2 are just different,” he said, re- ‘You can’t pendent contractor is seen as an average of $15, almost twice the same regulations forbid companies ferring to the IRS form that em- weighted toward employers. current $8.75 minimum wage in from controlling independent con- ployers use to report annual wages not [provide] “The labor standards are not New York state.“We’re in the stages tractors such as an employee who re- and taxes withheld for full-time em- employee-friendly in New York, es- of learning about a new way to work, ceives the benefits of a full-timer. ployees.“If we told people,‘You have benefits and ask pecially in terms of employee rights,” and I don’t think we’re going to see For Handy,that means a legal for- to work these hours,’they’d abandon said Mr. Scimone. “New York looks people cleaning in the long term at feiture of any right to tell its cleaners the platform.” people to jump at whether or not an employer has a minimum wage that’s half of what how to clean, where to clean, what formal control over an employee.” we pay for full-time.” kind of soap to use or what to wear. ‘Fluid’ concept when you say so’ Mr.Saltzman cautioned that Mr. Yet Handy does all those things—in- Xenios Thrasyvoulou, founder Discipline an issue Harrington’s thinking might be too cluding requiring that cleaners wear and CEO of tech freelancer plat- According to Mr. Scimone, New ahead of its time. “These new em- a blue shirt with the Handy logo on form PeoplePerHour,calls full-time York labor law classifying inde- ployers have to understand that it’s it—and that could lead to more suits employment a “fluid” concept in the pendent contractors relies on the very hard to get the best of both like the one in California. tech community. “The security that “The issue is on labor’s radar, but premise of whether employers have worlds,” he said. “You can’t not pay “It wouldn’t be hard to bring a a W2 brings to you is health insur- it’s difficult to tackle,” said Michael taken steps to discipline employees. taxes or benefits and then ask peo- suit like that in New York,” Mr. ance,sure,but there are limits to that Scimone, a Manhattan-based labor The underlying idea is that workers ple to jump when you say so.” Ⅲ Saltzman said. “If you say to some- security,” he said. “It locks you in, attorney with Outten & Golden. who can be disciplined by their one that they have to wear a uniform and most of the people we work with “There are some signs from the Na- bosses are reliant on them for a LISTEN to a discussion at CrainsNewYork.com/podcasts and what to do, you could argue don’t want to be locked in.” tional Labor Relations Board that livelihood and are therefore not in-

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HELLUVA TOWN INSIDE Source Lunch Stock market Longtime Jamaica

Marco Canora wants to make broth booster retires PAGE 22 the new coffee. Last month, the celebrity chef and owner of Italian- Out and About inspired Hearth opened Brodo,New York’s first takeout window for New Year’s Eve with the broth, at an unused entrance to his Rocket Man PAGE 23 restaurant on the corner of First Avenue and East 12th Street. Served in coffee cups, the broth comes in three sizes and varieties: Hearth broth, with chicken, turkey and beef; organic chicken broth; and gingered beef broth, made with bones from 100% grass-fed cows. “The health and wellness component is very important to me,” he said. “I buy hundreds of pounds of bones every day.” Prices range from $4 to $9. More than half of his 200 daily customers choose optional add-ins, such as chili oil or beet kvass, which cost 75 cents extra. He’s even incorpo- rated a broth sam- pler as an appetizer on Hearth’s menu. cat yeh cat Mr. Canora said his new concept comes as the result of personal health issues, the rising popularity of broth and a desire to utilize Hearth’s unused space. After January, he hopes to add vegetarian and seafood broths. He also plans to operate Brodo year-round. For the summer, he’s considering serving refreshments such as tomato juice as well as a cucumber- STRIKE UP THE fennel concoction, both with broth BAND: With the gas ice cubes. —jessica kramer jets turned on, Moscow57 partners (from left) Seth Fashionable gift Goldman, Ellen Kaye and Ethan Fein (on Gibney Dance received an especially guitar) can now focus lovely holiday gift this year from Eileen Fisher Inc. on the restaurant’s The women’s other drawing card: clothing company is donating 5% live music. of sales of four sweater styles (two are pictured below) purchased at 30 Bloomingdale’s stores or online. The sweaters cost $98 to $258. The proceeds are expected to bring in up to $50,000 for the dance company, plus a $5,000 donation from Bloomingdale’s, said Gina Gibney, the Manhattan- based nonprofit’s CEO and artistic director. “This is just wonderful,” she said. “It is going to give us national exposure.” The money will be used to fund Gibney’s work with victims of Now they’re cooking domestic violence, which includes visiting shelters to lead exercise and movement seminars that help Literally—the gas is finally on at Moscow57 after eatery women get on with their lives. Gibney staff explained its efforts to goes months without a full kitchen. A startup’s story a number of Bloomingdale’s salespeople in the city so they could

also be ambassadors for the cause. buck ennis Purchasers of the sweaters will receive information about the BY LISA FICKENSCHER GAS WORKS dance company’s program, which might bring in more support. “It would be like getting a second mong the many disasters that can befall a new restaurant, opening gift,” Ms. Gibney said. without working stoves is nearly unfathomable—but when Moscow57 Eileen Fisher has been a Gibney debuted on Delancey Street in February without gas, owner Ellen Kaye benefactor for about a decade, but $1.6M assumed the eatery would limp along for a few days, tops. After all, live REVENUE claimed lost by this is its most significant donation Moscow57 during the to the dance company. music was meant to be a hallmark of the new eatery—with a staff of months the eatery was Gibney “was a natural choice for unable to provide hot food partnership, as their powerful and singers, including her, to entertain customers, Ms. Kaye figured food significant work aligns with our would briefly play second fiddle. ¶ Instead, it took seven months before company values and dedication to Con Edison turned on the jets. As additional contracting work was done helping women and and redone, Ms. Kaye was forced to serve salads, cheese, caviar and cold tapas instead of Russian girls around classics like chicken Kiev and beef Stroganoff. She and her partners invested in portable burners the world,” A $60 said an Eileen to make a few hot items and used a microwave to heat bowls of borscht.They estimate that the AVERAGE CHECK per Fisher ordeal cost them $1.6 million in lost revenue. ¶ “It kicked our ass,” said Ms. Kaye, whose customer since September, spokeswoman. when the gas was turned —theresa personal history was the inspiration for Moscow57. “In the beginning, it looked like we were a on, compared with $24 agovino bar,” she added, “but we were never going to be about booze. We See COOKING on Page 22 before jacques smit jacques

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SOURCE Cooking with gas LUNCH: Interview by Ken Christensen CARLISLE TOWERY gjdc Continued from Page 21 are a restaurant first.” Ms. Kaye’s family owned the on West from 1947 to 1996, when A Towery-ing figure in Queens’ Hollywood stars regularly dined there. The family sold it to restaura- teur Warner LeRoy. Ms. Kaye, 54, grew up in the industry that would development steps aside draw her in, earning a degree from the French Culinary Institute. Over the years, she worked for arlisle Towery, 78, administration with the Bloomberg partially owned by the MTA. We Smith & Wollensky as its national moved to New York administration? know how to work with govern- events director, and helped celebrity from his home state of Jamaica’s agenda lacked priority ment. Our job is to hunker down chef David Burke open some of his Alabama in 1961 to in the last administration.The jury and plow through it. eateries. She also became an accom- LET THERE BE study urban planning is still out, but the point is the new plished nightclub singer, which LIGHT: Moscow57’s Cat Columbia University. He joined administration very And yet a study last year would serve Moscow57 well during Russian motif the Manhattan-based Regional quickly assured us WHERE by Greater Jamaica Develop- its difficult opening months. buck ennis Plan Association as chief urban de- that Jamaica counts. THEY ment Corp. shows that signer and, in 1971, became presi- They set out to assess residents are unhappy with Dream turns to nightmare “The top engineer for Con Ed dent of the association’s Greater Ja- its potential by ana- DINED the neighborhood’s retail She had first hoped to open the came in around May after about three maica Development Corp. lyzing, by consulting O LAVRADOR landscape. The opening of a restaurant several years ago on 57th months of work we’d done and told After 43 years steering south- and by holding two RESTAURANT & new barbecue joint was hailed BAR as a major success. Why can’t Street, as a modern interpretation of us everything was wrong,” lamented east Queens’ main economic conferences. 138-40 101st the iconic Tea Room. She ran into Mr.Goldman.“Every step of the way, booster, which has about 50 em- Ave. retail take off? roadblocks and instead built the we told them what we had done,took ployees and $10 million in annual The mayor has also Jamaica, Queens A business has to be willing Moscow57 brand by doing catering pictures and they told us what to do.” revenue, Mr. Towery recently an- highlighted Jamaica as (718) 526-1526 to take the lead and take the gigs and continuing to sing.She final- Con Edison countered that the nounced his retirement. a key location to pursue olavrador risk. The retail trading area restaurant.com ly realized her dream to open last win- restaurant’s plumber caused the delay. his affordable-housing leaks sales to Nassau Coun- ter. But then it became a nightmare. It claims it couldn’t do anything until Why are you leaving? plan. AMBIENCE: ty. It’s chicken and egg. You With rent and other bills to pay, the Department of Buildings had is- Jamaica is in a better place now,and All of Jamaica is af- No other lunch have to figure out a way to Ms. Kaye and her partners had no sued its approvals—which the owners I feel good leaving it to someone fordable right now, customers could change practices as well as be found at this choice but to keep the restaurant dispute. They say the city agency else. I’ve been thinking about it for but we believe new Portuguese perceptions. humming. Few customers realized signed off on its gas service in January. a few years. development should restaurant with the menu was not as planned or that In the end,a court may decide the be 50-30-20 [50% maritime What has been the greatest the eatery was anything but success- matter.“We’ve hired a lawyer,and we Who should replace you? market rate, 30% paintings and economic boon for Jamaica in ful, as the live music drew enough will recover our losses by all appro- I think it needs to be a person who’s moderate-income, stone arches your time here? guests to keep it open Wednesday priate processes,”Ms.Kaye said,who a visionary, but it’s more about exe- 20% low-income], as WHAT THEY ATE: We worked our tails off to through Sunday for dinner. (Shortly noted $25,000 to $50,000 in con- cution than it is planning.I’m a plan- the city has adver- Ⅲ Traditional get York College here, and after the gas was turned on in Sep- tracting expenses on top of the $1.6 ner. The job is chopped meat, it’s tised. Nobody is op- collard green it’s very gratifying. We say tember,it added brunch on the week- million in lost revenue. fruit salad, but the person doesn’t posed to low-income, soup; grilled our bottom line is jobs, but octopus ends, and will soon be open on Mon- Whether Moscow57 can become have to do everything. Real estate is if the lowest of it is Ⅲ Mixed green we cared about York because day and Tuesday as well as for lunch.) whole remains to be seen. The aver- going to be an important part of it. 20%. We do not like salad; seafood in it could be a centerpiece. No Waiting for permits and licenses age check per person since Septem- new projects that are tomato sauce way we can take credit for it, to arrive is a common challenge for ber, when the kitchen began crank- What advice will you give your 100% low-income, with rice though. It has a thousand successor? new restaurants in the Big Apple. ing out hot food,has increased to $60 but more housing is PRICE: fathers. Usually,the biggest worry is whether from $24 earlier in the year, accord- Pursue productive partnerships. great. Jamaica is $69, including tip the liquor license will land on time. ing to Mr. Goldman. The Greater Jamaica Develop- under-peopled. What’s the biggest But a seven-month wait for gas is un- On a recent Thursday evening, ment Corp. doesn’t have any clout. disappointment? heard of, say experts. the vibe in the tiny 40-seat eatery,lo- We are mainly advocates,but I hate Are developers taking more interest in The loss of JetBlue.We wooed Jet- “It’s a very egregious delay,” said cated at the foot of the Williamsburg that word. We don’t just applaud, the neighborhood? Blue for three years. We were of- Austin Publicover,owner of consult- Bridge, was festive. A party of 12 we make things happen. We’ve al- There’s a lot of evidence of favor- fering them a site where they’d ing firm Bulletproof! Restaurant eventually grew to 20, taking over ways had a plan and prioritized able change. One cause was the re- have to build new construction, Compliance. “The typical wait time the entire bar area, while most of the parts of the plan based on who else zoning in 2007. Land values are a and the economics weren’t there. for gas is 10 to 14 days from the time other tables were filled as well. is interested and whether they’ll bargain here. It hasn’t happened We lost them to Long Island City. a restaurant is ready to go.” Some partner or not. What you want overnight, but now we have proj- It would have given Jamaica a pri- restaurateurs are able to pull strings Theatrical vibe most of all are stakeholders in what ects in the works on either side of vate headquarters facility with all because they know someone who can Moscow57 conjures a theatrical you’re doing. And you need part- the AirTrain station. One is a the benefits that come from that. help them, he added. atmosphere, in large part because of ners who have some capacity, not mixed-use residential and retail We wanted their influence and Once the gas is turned on, train- Ms. Kaye, whose eclectic circle of just will, commitment and passion. site, about nine parcels that we be- largesse, a corporate stakeholder. ing the staff and testing the recipes in friends and staffers includes Broad- gan to assemble 10 years ago. And Not that we anticipated we would a new kitchen are the next big tasks, way performers, veteran musicians How would you compare the de Blasio on the south side is a hotel that was win. Ⅲ an order of events that was turned and her college friend Mr.Goldman, upside down at Moscow57. a film, music and theater producer Ms. Kaye—along with her two with a degree from the French Culi- PLAY/LIST People, places and things that make Carlisle Towery tick equity partners, Seth Goldman, who nary Institute. He has cooked for is executive chef, and Ethan Fein, an celebrities and politicians and owned DISAFFECTED Alabamian, was a HOME TEAM: Mr. “She is very talented accomplished guitarist who performs his own restaurant. SOUTHERNER: friend of a friend, Mr. Towery’s wife, Susan at locating funds and at the restaurant—say they lost po- Nearly everyone on staff also per- As an architecture Towery said. “We Deutsch, also raising them,” he tential revenue because the menu was forms—with the exception of the student at Auburn, called her Nelle.” studied urban said. limited, which prompted some cus- chef de cuisine, Adan Moran, who Mr. Towery watched planning at has worked in prominent kitchens tomers to walk out, and because they friends cheer on SECOND LIEUTENANT: Columbia. She went MAINE SQUEEZE: including the Capital Grille, Loeb could not serve brunch or lunch,or be then-gubernatorial While a student at on to become an The Towerys have a open seven days a week, because it Boathouse in and Park candidate and Columbia, Mr. Towery investment banker home in Maine, didn’t make sense financially. Avenue Café. segregationist “I remember a table asking once Even the social-media and mar- joined the ROTC and ARQUITECTURA: with Citigroup and where they plan to George Wallace. “I ‘Where’s the hot food,the steak?’and keting director, Elle Brigade, took a spent three years He has visited Bar- started Capital retire and eat lobster. then leaving when we told them this turn performing, belting out three felt like I was going to stationed in Germany celona four times Initiatives, a firm to was our menu,” said Mr. Goldman. Carole King numbers with her two vomit,” he said. with the U.S. Army since discovering La which the Greater The partners maintain that they roommates. Corps of Engineers. “I Sagrada Familia Jamaica did everything Con Edison asked “We are now what we set out to CLASSIC ENCOUNTER: was in charge of all (above) by architect Development Corp. them to do when the utility informed be,”said Ms.Kaye,“but no one could Harper Lee, author of the leaky faucets, but Antoni Gaudí. “The paid about $65,000 them, just days before their opening, have imagined how horrible this has To Kill a Mockingbird it matured me city’s built environ- in 2012 for Ⅲ that their gas line was too small. been.” and fellow tremendously.” ment is wonderful.” consulting services. istock

22 | Crain’s New York Business | December 15, 2014 20141215-NEWS--0023-NAT-CCI-CN_-- 12/12/2014 6:28 PM Page 1

OUT AND SNAPS Alvin Ailey raises a record $4.6 million ABOUT by Jessica Kramer

CULTURE FIX CAREER BUILDER FRIDAY, DECEMBER 26, SUNDAY, DECEMBER 28, AND SATURDAY, DECEMBER 27 THROUGH TUESDAY, DECEMBER 30 Experimental band PSYCHIC TV brings its MCE Conferences hosts CARDIOLOGY otherworldly act back to the Brooklyn UPDATE FOR PRIMARY CARE, a three-day Night Bazaar, with two nights of punk, meeting for physicians and other psychedelic and electronic sounds health care professionals seeking accompanied by trippy video art. If clinical information about matters of you’re still in the Christmas spirit, check the heart. Programming includes an out the free indoor market’s quirky local electrocardiogram boot camp and a clothing, craft and food vendors, as well session on recent controversies in as minigolf and other games. The bazaar, cardiovascular medicine. The program cutty photography mcgill located at 165 Banker St. in Greenpoint, runs from 8 a.m. to 12:15 p.m. each MEREDITH VIEIRA and URSULA BURNS at afmda for invision decrow jason opens at 7 p.m. For more information, day at the Westin New York Grand Help USA’s luncheon. The Dec. 4 benefit raised MICHAEL BLOOMBERG, SARAH STERNKLAR, DAVID KOSTIN, BARBARA WALTERS and visit bkbazaar.com. Central at 212 E. 42nd St. more than $500,000 for the organization, which MEREDITH BERKMAN at American Friends of Magen David Adom’s Annual New York Benefit Registration costs $575 to $700. For offers services for the homeless and others in Dinner. The Dec. 2 event generated more than $4.5 million for the group, which provides SATURDAY, DECEMBER 27 information, visit mceconferences.com. need. emergency medical services in Israel. Harlem-based dance company Abdel Salaam’s Forces of Nature Dance TUESDAY, DECEMBER 30 Theatre performs for the Apollo’s annual Nonprofit Dare2Draw, which provides KWANZAA CELEBRATION, celebrating the networking and mentoring holiday’s principles of family, opportunities for cartoonists and raises community and culture. Performances money for artists, presents its END-OF- take place at 2 p.m. and 7:30 p.m. at the THE-2014-SEASON CELEBRATION.The Apollo Theater at 253 W. 125th St. evening includes live drawing with Tickets are $20 to $35 and can be models dressed up as various purchased at apollotheater.org. characters, as well as demonstrations, a Q&A, giveaways and mingling with comic creators. The festivities take place from 7:30 p.m. to 11:30 p.m. at Brooklyn Brewery at 79 N. 11th St., Williamsburg. General admission tickets are $20 and are available at brooklynbrewery.com. shahar azran ilya s.ilya images savenok/getty NANCY BRINKER and JULIAN ROBERTSON at

DON’T MISS AN EVENING WITH ELTON dugganchristopher the Christopher & Dana Reeve Foundation’s “A SANFORD and JOAN WEILL, ROBERT BATTLE, and DARIA and ERIC WALLACH at Alvin Ailey’s Magical Evening.” The Nov. 20 event took in WEDNESDAY, DECEMBER 31 Opening Night Gala Benefit. The Dec. 3 fete raised $4.6 million, a record for the dance company. more than $1 million. Ring in the new year with the Rocket Man. ELTON JOHN takes listeners on a journey through his See more of this week’s Snaps online at CrainsNewYork.com/galleries. five-decade career of piano pop- rock. The show takes place at 9 p.m. at Barclays Center at 620 Atlantic Ave., Brooklyn. Tickets Photo Credit: Buck Ennis, Crain’s New York Business start at $104.50 and can be CRAIN’S Business Breakfast Forum purchased at barclayscenter.com.

OPENING FUNDRAISERS MONDAY, DECEMBER 29, THURSDAY, JANUARY 1 THROUGH SUNDAY, JANUARY 4 Kick off the new year with a shock to the system—a freezing dip in the Atlantic Ocean. The POLAR BEAR CLUB NEW YEAR’S DAY SWIM is not only good for the body, but also for the soul: All participants are encouraged to make a $20 donation to Camp Sunshine, a retreat for children with life-threatening illnesses. andrew benge andrew Swimming starts at 1 p.m. at the Legendary Motown acts THE Boardwalk at Stillwell Avenue in Cyrus R. Vance, Jr. TEMPTATIONS (above) and THE FOUR TOPS Brooklyn. For more information, visit bring their sweet soul sounds to polarbearclub.org. Manhattan District Attorney Broadway for a special weeklong engagement. The groups behind such mega-hits as “Ain’t Too Proud to Beg” Tuesday, January 13, 2015 and “I Can’t Help Myself ” offer a career The Manhattan District Attorney will discuss: The Yale Club retrospective and celebration of the new 50 year. They perform for seven shows at • Transformative criminal justice investments various times at the Palace Theatre at 8:00 a.m. – 8:30 a.m. Networking 1564 Broadway.Tickets range from $52 he’s making to $242 and can be purchased at Breakfast palacetheatreonbroadway.com. • New strategies and tools to combat cybercrime 8:30 a.m. – 9:30 a.m. Program thomas mcgann thomas • How public-private partnerships can fi ght Cost to Attend: MARK YOUR CALENDAR… fi nancial crime and human traffi cking $125 for individual ticket(s) $1,250 for priority reserved tables of 10 THURSDAY, FEBRUARY 5, THROUGH SUNDAY, MARCH 15 You must be pre-registered to attend this event. FOLLOWING AN ACCLAIMED 2012 PRODUCTION in Chicago, Register Today >> No refunds permitted. Nathan Lane (left) and Brian Dennehy bring their Tony Award- www.crainsnewyork.com/events-cvanceforum For more information: winning talents to the Eugene O’Neill classic THE ICEMAN Sponsored by: Jordan Nowlin COMETH. The play, which is almost five hours long with three Phone: 212-210-0739 Email: [email protected] intermissions, tells the story of a newly sober traveling salesman whose appearance shakes up his friends’ lives. Performances take place at various times at the BAM Harvey For sponsorship information, contact Joanna Harp at Theater at 651 Fulton St. in Brooklyn. Tickets are $35 to 212-210-0278 or [email protected].

liz lauren $150 and can be purchased at bam.org.

December 15, 2014 | Crain’s New York Business | 23 IT’S YOUR CITY

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