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DECLINE HOME Top Property Sales One New Yorkers P 20160725-NEWS--0001-NAT-CCI-CN_-- 7/22/2016 6:55 PM Page 1 CRAINS ® JULY 25-AUGUST 7, 2016 | PRICE $3.00 DOUBLE ISSUE NEW YORK BUSINESS DONALD THE LIST Two stores TRUMP Top Manhattan for the CALLS Office Leases P.12 price of DECLINE HOME Top Property Sales one New Yorkers P. 6 P.14 P. 2 0 just aren’t dying like they used to. OF THE That’s trouble for some, opportunity for others PAGE 16 VOL. XXXII, NOS. 29, 30 WWW.CRAINSNEWYORK.COM DEATH BUSINESS 0 71486 01068 5 30 NEWSPAPER T:10.875” S:10.25” America’s best network just made a good plan even better. T:14.5” S:14” Introducing the new Verizon Plan for Business. Now with up to 200GB of data and more ways to control it. Carryover Data lets you roll over any unused gigs to the next month. And, when you choose Safety Mode, you can stay connected if you use all your data without surprise overages – or worries. And now get $100 when you buy a new 4G LTE smartphone. New 2-yr or device payment activation on $34.99 + plan req’d. $100 applied as a bill credit within 2-3 billing cycles. Our Surcharges (incl. Fed. Univ. Svc. of 17.9% of interstate & int’l telecom charges (varies quarterly), 21¢ Regulatory & $1.23 Administrative/line/mo., & others by area) are not taxes (details: 1-888-684-1888); gov’t taxes & our surcharges could add 7% - 46% Activation/upgrade fee/line: Up to $40 IMPORTANT CONSUMER INFORMATION: Subject to VZW Agmts, Calling Plan & credit approval. Data Boost is $15/GB. Coverage, varying by svc, not available everywhere; see vzw.com. © 2016 Verizon. 1.800.VZW.4BIZ | vzw.com/businesspricing Cyan, Magenta, Yellow, Black Logo None Crop None ID None 6A_VERPS-21566_Project Dragon SMB_Magazine Ad_10.25 x 14_SWOP.indd Legal None Slug None Outlined Font: None Job Project Dragon SMB Print Ads Media Type Magazine Bleed 11.125” x 14.75” Printed at None Approvals Acct Mgr Round Art Director Production Client Verizon Wireless Publication Magazine Ad Trim 10.875” x 14.5” Saved at 7-12-2016 9:32 AM Copywriter PM Agency McCann By Accenture SH Insertion Date None Live 10.25” x 14” Proofreader Client Aƒ NOTES: None | FONTS: Neue Haas Grotesk Display Std (75 Bold, 65 Medium, 55 Roman) | IMAGES: Better_Matters_VZ_Lockup_2016.ai 20160725-NEWS--0003-NAT-CCI-CN_-- 7/22/2016 6:51 PM Page 1 JULYCRAINS 25-AUGUST 7, 2016 FROM THE NEWSROOM | JEREMY SMERD Cleaning up the cleaners IN THIS ISSUE 4 AGENDA Less than 2% DRY CLEANERS ARE 5 IN CASE YOU MISSED IT of Gotham’s a New York industry hidden in plain intercity freight sight. As long as our shirts and skirts come back clean and 6 ASKED AND ANSWERED moves by rail, compared to the price is right, we don’t give it a second thought. Yet as 7 HEALTH CARE nearly 40% nationwide Crain’s pointed out in a May cover story, the industry has 8 INSTANT EXPERT long exposed its workers to a chemical linked to cancer, 9 REAL ESTATE perchloroethylene, while paying a subminimum wage. 10 The articles caught the attention of Gov. Andrew VIEWPOINTS Cuomo, who just expanded a task force he set up last year 12 THE LIST to curb health risks and wage FEATURES violations in nail salons. Now in his crosshairs: dry Crain’s wrote a cleaners, retailers, car washes, home health care 16 DEATH BIZ fantastic article. It agencies, farms and other businesses that rely on low- “ 20 TWOFERS wage, immigrant workers. certainly helped 29 GOTHAM GIGS “Crain’s wrote a fantastic article on this,” said Cuomo’s raise awareness ... counsel, Alphonso David. “It certainly helped raise awareness … and was a factor in our efforts to pursue this.” and was a factor We understand the difficulties of running an in our efforts to enterprise in New York, which is why we can report pursue this intelligently on the complexities of industries that exist on the economic margins yet play a role in our daily lives. We are not advocates, but we do believe that the light we shine can help policymakers and regulators understand the lives and livelihoods they oversee. P. 29 SALMAN AHMAD Despite decades of efforts to eradicate perc, at least 1,500 sites use the chemical—400 of them in apartment buildings that are within 650 feet of 2.3 30 SNAPS million residents. Though the cleaning operations must vacate the buildings by 31 PHOTO FINISH 2020, moving is no easy task: Rent is expensive, as are capital improvements. The thin margins are one reason it’s a low-wage field. One worker in our cover story who spoke about a wage suit he filed against a previous employer emailed us to say he was fired after the article ran. Ernie Aguinaldo wrote that his boss at Hong Cleaners on the Upper East Side suspected he was setting up a Department of Labor case and would sue the business. “No matter what assurance I told them that I won’t, they still fired me.” His manager, Lei He, said Aguinaldo left of his own accord. Then he made accusations of his own against the worker. The situation hints at the risks workers take when speaking out, as well as the ON THE COVER importance to owners of documenting the steps they take to follow state labor PHOTO: BUCK ENNIS law. The governor’s counsel couldn’t comment on Aguinaldo’s case specifically, but he did issue this warning: “We’d want anyone fired for speaking his mind to DIGITAL DISPATCHES contact us to see if it’s unlawful retaliation or a lawful business action.” Go to CrainsNewYork.com READ The 25-ton Koenig Sphere will return to the NOMINATIONS ARE OPEN! Deadline is Aug. 29 World Trade Center site. The battered > CRAIN’S bronze structure 20 Under 20 stood between the On Nov. 28, Crain’s will Twin Towers prior to recognize New York’s the 9/11 attacks. The youngest business brains who sphere will be moved to are starting companies and the newly opened Liberty Park, which is launching their careers. Do across the street from the Sept. 11 you know someone who memorial plaza. should be on our list? ■ Social-media startup Sprinklr has raised SUBMIT A $105 million in funding. The latest round NAME NOW elevates the company’s valuation to $1.8 Go to CrainsNew billion from $1.17 billion—sealing its spot in York.com/20nominate the Unicorn Club, companies valued north of $1 billion. Vol. XXXII, Nos. 29, 30, July 25, 2016—Crain’s New York Business (ISSN 8756-789X) is published weekly, except for double LISTEN Our podcast this week delves deep issues the weeks of June 27, July 11, July 25, Aug. 8, Aug. 22 and Dec. 19, by Crain Communications Inc., 685 Third Ave., into the death industry: Funeral parlors are New York, NY 10017. Periodicals postage paid at New York, NY, and additional mailing offices. Postmaster: Send address closing, cemetaries are full and New Yorkers changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. For subscriber service: Call (877) 824-9379. Fax (313) 446-6777. $3.00 a copy, $99.95 one year, $179.95 two years.(GST are living longer. Music by Johnny Ripper. No. 13676-0444-RT) CrainsNewYork.com/podcast BUCK ENNIS, BLOOMBERG ©Entire contents copyright 2016 by Crain Communications Inc. All rights reserved. JULY 25, 2016 | CRAIN’S NEW YORK BUSINESS | 3 20160725-NEWS--0004-NAT-CCI-CN_-- 7/22/2016 7:15 PM Page 1 AGENDAWHAT’S NEW JULY 25, 2016 To build a West Side bus terminal, don’t start by digging a hole e sympathize with leaders who try to get big projects done in New York City. It’s like navigating a mine- field while a bevy of archers slings arrows your way. John Degnan, the chairman of the Port Authority of NewW York and New Jersey, is starting to discover this as he endeavors to replace the agency’s decrepit, inadequate bus terminal on 8th Avenue and 42nd Street. Wherever he chooses to build a massive new depot, someone will HOT SEAT: The complain and probably sue. But there’s a difference between upset- Port Authority’s John Degnan ting someone and upsetting everyone, which is what Degnan appears got burned by to have done as he zeroes in on a location just west of the existing not consulting locals in his site midtown bus station. Seemingly every elected official on the West search. Side, including Rep. Jerrold Nadler and Assemblyman Richard Gottfried, as well as the de Blasio administration and Manhattan church, a Head Start program, small businesses and people’s homes. Borough President Gale Brewer, is apoplectic. They agree—as do we— We would not bet on New Jersey bus commuters winning the day. that a new bus terminal is urgently needed but say Degnan has failed Even the West Side’s most famous scuttled projects—Westway in to involve them and the community in the 1970s and 1980s and the Jets stadium evaluating options to build one. Even if the site being considered by the in the 2000s—had powerful forces back- This must be frustrating for Degnan, ing them. Degnan’s bus terminal has, given that Port Authority officials have Port Authority is best, the project is not well, Degnan. Gov. Chris Christie, who been debating the matter for two years. feasible with this level of opposition appointed him, is keeping his distance But the discussion has been internal, and from the Port Authority these days, even if the targeted site is best, the proj- leaving the chairman to go it alone (or ect is not feasible with this level of opposition.
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