INSIDE MLB’s FAN CAVE Social-media mavens score one for the game CRAIN’S® BUSINESS P. 25

VOL. XXX, NO. 18 WWW.CRAINSNEWYORK.COM MAY 5-11, 2014 PRICE: $3.00 NY’s new arts nexus Move over, : Queens is rising fast on culture scene

BY THERESA AGOVINO

The Queens Theatre’s walls are lined with photos of the 1964-65 World’s Fair, a nod to the building’s genesis as part of the New York State Pavilion. Plays inspired by the World’s Fairs of 1939 and 1964— each held in Flushing Meadows Corona Park—are on tap for this summer. The theater’s managing director,Taryn Sacra- mone, is hoping nostalgia and curiosity about the fairs draw more people to the institution as she tries to raise its profile. STAGING A REVIVAL: Managing Director Taryn Momentum is on her side because Sacramone is seeking Queens is on a cultural roll. Ms. Sacramone’s new programming for See QUEENS on Page 23 the Queens Theatre. buck ennis How not to save a B’klyn hospital Star chef preps recipe

Unions, activists, de Blasio fought to stop But the two opponents were in to address jobs crisis court on Friday only because com- LICH’s closure. Careful what you wish for munity groups, unions and politi- cians with little understanding of Each week, the French chef has Hospital in Cobble Hill, faced off New York’s complex health care in- So many restaurants, between 10 to 30 job openings in his BY BARBARA BENSON in a Brooklyn courtroom late last dustry have, for the past year, inject- too few workers; seven restaurants and catering busi- Friday. At face value, their beef ed themselves into business deci- ness in . His plight is Lawyers for the State University of with each other is a contract dis- sions SUNY was entitled to make as Daniel Boulud’s fix similar to that of restaurants citywide New York and for Brooklyn pute,the kind of legal sparring that LICH’s owner and operator. that offer both fine and casual dining. Health Partners, the would-be de- plays out in courtrooms across the Of course, health care is unlike In fact, the restaurant industry, veloper of Long Island College city every day. See HOSPITAL on Page 24 BY LISA FICKENSCHER one of the fastest-growing in the city, has been hobbled by an inabili- Daniel Boulud believes he has a solu- ty to attract enough workers. Dur- 18 tion to the acute labor shortage in the ing the past six months, there have

5 REAL ESTATE REPORT It’s an amenities arms race as huge restaurant industry:a European-style been an average of 2,500 open numbers of new units hit market, P. 13 apprenticeship program that taps kitchen positions at any one time, THE LIST: NY AREA’S LARGEST REAL ESTATE high-school students, drawing them estimates Luke Fryer, chief execu- FINANCINGS, P. 16 into the job pool in partnership with tive of Harri.com,a new job site that the city’s Department of Education. See STAR CHEF on Page 23 71486 01068 0 EDITOR’S NOTE

Brown fields FYICRAINSNEWYORK.COM Another swank swath of was landmarked last week: the newly anointed Historic Teachers get raises, but District, along the East 80s. Yet savings could be elusive another 12 blocks of boring bourgeois architecture from the t had to be big to cause Mayor Bill de 1910s and ’20s deemed so special it Blasio to postpone the release of his couldn’t possibly host substantial housing-policy blueprint, and it was: a Glenn Coleman I new construction that might house, new nine-year contract for city teachers. ¶ say, middle-class stiffs. Nearly 30% The deal, which is pending approval by the MAKING MUSIC United Federation of Teachers at Humanities of Manhattan is now under the jurisdiction of the city’s ’ 110,000 Preparatory members, sets benchmarks that pave the way Academy in Landmarks Preservation Commission.That’s one in Manhattan four structures fenced off by brown street signs and for agreements on the city’s roughly 150 other bureaucratic barriers to anything bigger or better. expired union contracts. It awards retroactive buck ennis Manhattan architecture seems in danger of becoming raises (a combined 8% for 2009 and 2010) and future ones (about 10% for 2013 to 2018), and Lake Wobegon, where all the children are above revamps health care policies to allegedly save the city more than $2,000 per employee annually. ¶ average. Where is the room to build the 200,000 units The health care changes, which are said to neither reduce benefits nor demand that teachers pay of affordable housing that Mayor Bill de Blasio has more for their health care, require approval by an umbrella group of city unions that blocked a promised the city? Not in these backyards, apparently. similar effort by the Bloomberg administration. ¶ The $3.5 billion in back pay will be spread over Of course, many property owners and residents rightly six years, through 2020.The deal gives teachers 80 minutes a week of training, 40 minutes a week place a high value on living and working in landmarked for parent outreach and $5,000 annual bonuses in “hard-to-staff ” schools.Top teachers will get neighborhoods and treasure our historic architecture. $7,500 to $20,000 a year to mentor colleagues, and a longer school day or year can be tried at up to But is the spread of landmarking in New York getting 200 schools if a supermajority of the teaching staff —65%—agrees. ¶ The process to fire tenured out of control? Can the verbs “preserve” and “progress” teachers for misconduct will be limited to 50 days, but those without schools will still not be coexist in this town? I’ll be posing these questions on required to land an assignment.Translation:The notorious “rubber room” will live on. May 20 to five of the most knowledgeable people in —erik engquist real estate preservation and development: Peg Breen of GRIMM INDICTMENT. Rep. Michael BIG BET. Malaysian gambling giant the New York Landmarks Conservancy, Nikolai Fedak Grimm, R-Staten Island, was and Aqueduct slot operator Genting HOORAY! charged with evading taxes by hiding made a case for its proposed 238-acre SOME of the website New York Yimby, Professor Kenneth more than $1 million in sales and casino resort in Tuxedo, N.Y. VERSION of Jackson of Columbia University, Steven Spinola of the wages while running a small Man- Dubbed Sterling Forest Resort, the the divey Mars Bar will Real Estate Board of New York and Ronda Wist of the hattan restaurant. He pleaded not project would offer skiing, dining, reopen at its Municipal Art Society.We gather at 8 a.m. at the New guilty,calling his indictment a “polit- entertainment venues and 400 hotel old home on ical witch hunt.” … THANKS, MOM. rooms. It would create 2,000 “good- Second York Athletic Club, the 1929 limestone-clad palazzo Avenue in the Aéropostale will shutter 125 of its paying” jobs, in addition to construc- East Village. that in many eyes is the very definition of handsome. P.S. kids-focused stores, partly be- tion positions, Genting said. … TAXI Too bad,I suppose, that this 21-story tower replaced cause of mothers’ changing buying SURCHARGE. The de Blasio adminis-

patterns, the retail chain said. It will tration approved a 30-cent surcharge buck ennis the famed Spanish Flats, the Moorish-style fortress also eliminate 100 corporate jobs. on yellow, green and livery taxi rides considered the most elegant house in 1880s The company expects pretax savings as part of a plan to raise money to OY VEY! Gotham.To purchase tickets, call (212) 210-0739 or of up to $35 million a year from the make half the city’s 14,000 cabs go to www.crainsnewyork.com/events. move. … AVON’S wheelchair-accessi- DEEP BLUSH. Avon ‘You stop ble by 2020.Current- Products will pay ly,fewer than 700 are. $135 million to the Aereo, you … CITY’S TECH CZAR. THIS WEEK IN CRAIN’S Justice Department Mayor Bill de Blasio and Securities and stop is expected to hire a ap images IN THE BOROUGHS------3 Exchange Commis- technology’ tech guru to spear- A NEW HAVEN-BOUND Amtrak train sion to settle terms re- head the city’s digital IN THE MARKETS------4 —Media mogul Barry carrying 123 passengers got stuck inside the East River tube for about two lated to a probe into Diller, on the television- initiatives. The new THE INSIDER ------6 hours Wednesday evening. bribery in China that streaming service’s case hire will have bigger BUSINESS PEOPLE ------8 began in 2008. The before the Supreme Court duties than did Manhattan-based Rachel Haot, a 92nd Street Y’s 140-year history. He OPINION ------10 beauty company also Crain’s 40 Under 40 has worked at the nonprofit for five GREG DAVID------11 agreed to a compliance monitor. who held the post in the Bloomberg years,most recently as the interim ex- Criminal prosecution will be de- administration. The office, which ecutive director, and spearheaded the REPORT: REAL ESTATE------13 ferred for three years. … KKR OPENS will be located inside City Hall, may launches of Giving Tuesday and the REAL ESTATE DEALS------15 UP. Traditionally a private-equity have a budget of its own, and will Social Good Summit conference. … firm for the wealthy,Kohlberg Kravis work alongside the Department of ONLINE SPOOF. In June, satirical news THE LIST ------16 Roberts & Co. will allow people to Information Technology and site The Onion will launch Click- SMALL BUSINESS CLASSIFIEDS ------18 invest as little as $10,000 in its lever- Telecommunications. … IT’S A GOY! hole, an online parody of Buzzfeed Startups such as Anastasia aged-buyout funds. A third-party Henry Timm will become the first and Upworthy. NEW YORK, NEW YORK ------Leng’s Hatch are drawing 25 firm will manage them. … GENTING’S non-Jewish executive director in the —emily laermer female angel investors. P. 12 SOURCE LUNCH------26 CORRECTIONS (SEE PAGE 23 ) STORIES TO WATCH THIS WEEK vol.xxx,no.18,may 5,2014—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: May 5: Rent May 8: Extended May 8: The Met May 10: Last day Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, Guidelines Board deadline for Museum’s Costume of NFL draft at MI 48207-2912. for subscriber service: Call (877) 824-9379. Fax (313) 446-6777. $3.00 a copy, $99.95 one holds preliminary mayor’s executive Institute reopens Radio City Music year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2014 by Crain Communications Inc. All rights reserved. vote on possible budget after a two-year Hall rent hikes. renovation.

2 | Crain’s New York Business | May 5, 2014 IN THE POWERING UP: “We’re investing more in energy BOROUGHS and real estate,” said John Catsimatidis, who just BRONX bought a Hess Corp. heating-oil holding. Doors open for elevator company Plans for a new soccer stadium might wind up giving GAL new home

BY THORNTON MCENERY

If you’ve ridden an elevator lately, you might want to drop by and thank a family-owned manufactur- ing company based in the South Bronx for helping to give you a lift. But if you want to do so, you may need to act fast. GAL Manufacturing is North America’s largest producer of elevator-door equipment. The 87- year-old company, whose parts can be found in some of the most famous

buck ennis buildings in the world, employs 360 people full-time, but it may soon be forced out of its home of the past 44 years. Its 110,000-square-foot build- Cats morphs to green machine ing at 50 E. 153rd St., literally in the shadow of Yankee Stadium, may be demolished. Along with neighbor- John Catsimatidis is pouring cash into energy holdings, including a Brooklyn biofuel plant ing buildings and the parking com- plex across the street, it could be re- of the green movement. and natural-gas giant headquartered in New York placed by a $400 million stadium for BY ANDREW J. HAWKINS Last month, his United Metro Energy Corp. that is getting out of the retail end of the business. a new fran- purchased Direct Energy Business’ heating-oil Mr. Catsimatidis wouldn’t disclose the price he chise that will be co-owned by the John Catsimatidis, the larger-than-life super- holdings in New York City,giving Mr. Catsima- paid, citing a confidentiality agreement with the Bronx Bombers themselves. Some market mogul and political gadfly,is in the midst tidis ownership of 700 commercial and residen- sellers. A spokeswoman for Direct Energy con- local leaders are already voicing their of a transformation.The billionaire is well on his tial contracts to supply 8,000 locations —a pack- firmed the sale but declined to disclose the price. concerns. way to becoming not only a New York heating- age said to be worth more than $500 million. That deal, coupled with his acquisition of a “GAL is a Bronx success story, oil kingpin but, in an odd twist of fate, a darling The seller was Hess Corp., the $40 billion oil See CATS on Page 24 See COMPANY on Page 22

Cars out, high-rises in STATS AND THE CITY by Nicholas Wells KILLER STREETS: Last week, the state Legislature passed a bill increasing the number of speed cameras in city school zones to 140 from 20. The added on downtown Brooklyn lots cameras further Mayor Bill de Blasio’s promise to reduce traffic fatalities.

PROBABILITY of a pedestrian being NUMBER Parking facilities Tucker Reed,president of the Down- cording to the partnership, includ- 5% killed or seriously injured when hit by a of local laws town Brooklyn Partnership, who ing more than 650 affordable resi- car traveling 20 mph, versus 45% if the car is 22and resolutions vanish beneath a notes that the disappearing-parking- dences. Meanwhile, some of the going 30 mph before the City lot phenomenon is only accelerating. choicest potential building sites in Council that growing tide of “We need to be building it wherever the area have yet to be touched. PORTION of advance Vision Zero residential towers we can, so this is great for [the neigh- High on that list is a 60-year-old, 32.5%the city’s 286 five-story parking garage across traffic deaths that took place in Hoyt Street from Macy’s Brooklyn Queens last year—the BY JOE ANUTA Projects will add flagship store—a plot large enough highest in the city to hold an approximately 580,000- Along a three-block stretch in 3,800 housing square-foot residential tower. And downtown Brooklyn, one parking while the department store is keep- 25K lot is slated for development; at an- units over the ing mum on any plans, that hasn’t NUMBER of other lot, foundation work for a res- stopped developers from salivating camera violations idential tower has recently begun; next two years over its lot, as well as two nearby issued for speeding and at the former site of a third, a street-level lots owned by Edison in school zones since 42-story condominium project Properties with a total of 31,000 mid-January. The fine for these offenses is $50 opened two months ago. square feet. The trio of parcels along Fulton Many observers expect the NUMBER of stop signs Mayor Bill Street just north of Flatbush Av- borhood] as well as the city.” Macy’s parcel to follow in the path de Blasio’s SUV ran just two days enue illustrates the current fate of Nearly 10 residential projects of a four-story parking garage half a 2 Sources: NYS Assembly, National Center for after he unveiled his Vision Zero plan Biotechnology Information, City Council, the neighborhood’s acres of long- either planned or in the process of block to the east along Livingston NYPD, NYC Dept. of Transportation, CBS enduring parking lots and multi- rising on downtown Brooklyn park- Street that TF Cornerstone newscom level garages: rapid extinction. ing lots will add about 3,800 hous- snapped up for $70 million last year ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY “The city needs housing,” said ing units over the next two years,ac- See PARKING LOTS on Page 20

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though the Milwaukee market is The Clippers’ agreement with one-quarter the size of Philly’s and Fox Sports expires after the 2015-16 the Bucks are pitiful. season, according to the Los Angeles The chief beneficiary of this Times. Fox lost Dodgers and Lakers frenzy is Donald Sterling, the likely broadcasts after Time Warner Cable soon-to-be former owner of the Los last year paid a whopping $8 billion Deputy Mayor Richard Buery Angeles Clippers. for the rights, so Rupert Murdoch’s As you might have heard, the L.A. sports channel can’t afford to NBA—with a strong push from its lose the Clippers, especially now Strategic Initiatives players—is seeking to force Mr. that the team is a title contender. A Photo Credit: Buck Ennis Sterling out of the league and sell new cable deal will stuff billions into the team he bought more than 30 the pockets of any Clippers owner, Universal Pre-K is becoming a reality and Deputy years ago for $12.7 million. What’s giving Mr. Sterling every reason to Wednesday, May 28, 2014 a professional basketball team in the fight his expulsion in court. Mayor Buery has been tapped to lead the The Yale Club nation’s second-largest city worth at While Mr. Sterling has become Mayor’s strategic initiatives. an auction? How about $1.5 billion? a major headache for the NBA, the 50 Here’s how you get there: In soaring value of the Clippers and The Deputy Mayor will discuss his plans to get the 8:00–8:30 a.m. Networking Breakfast 2011, Forbes estimated the Los Ange- other franchises is wonderful news Mayor’s signature Pre-K initiative up and running, 8:30–9:30 a.m. Program les Dodgers were worth $800 mil- for the suits at league headquarters lion. A year later, the team was sold on .In 2017,the own- plans to build 100 community schools in low-income Cost To Attend: for $2.15 billion. Forbes thinks the ers and players can reopen the 10- neighborhoods and practices to improve the City’s $95 for individual ticket(s) Clippers are worth $575 million year collective-bargaining agree- now, and though there are differ- ment they reached in 2011, children’s services agencies. $950 for table(s) of ten ences between the teams—the portending another fight over the Dodgers own their ballpark, for league’s growing prosperity.But for You must be pre-registered to attend this starters—they have this in com- now, both sides are united in their Register Today >> event. No refunds permitted. mon: reams of fresh TV money di- quest to rid themselves of the man Ⅲ www.crainsnewyork.com/events-bueryforum For More Information: rectly in sight. who threatens to end it. Sponsored by: Contact Adrienne Yee at 212-210-0739 or [email protected]. GAIN IN CARVER BANCORP’S stock price so far this year, 57% making it the best performer in For sponsorship information, contact Cynthia Hutchinson at the Bloomberg/Crain’s index of 200 New York (212) 210-0145 or [email protected]. companies. The Harlem-based lender is gradually

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We’ve expanded into South Florida and San Francisco and are expanding our offi ce in New York. newscom Former foes unite on scaffold law he Rev. Jacques Andre DeGraff and Lou Coletti (above, left to right) tangled over the hiring of minority, One square foot at a time. nonunion contractors and other matters for years— 405 T Clune is expanding to bring our brand of interior 27th Floor Rev. DeGraff as a social-justice advocate for several New York, NY 10174 construction to those who appreciate integrity, organizations, and Mr. Coletti as president and CEO of the 212.682.1789 Building Trades Employers’ Association, a group of union quality and accountability every step of the way. www.clunegc.com contractors.“We found ourselves on opposite sides of a number of issues,” Rev. DeGraff said. CHICAGO • LOS ANGELES • NEW YORK • SAN FRANCISCO • SOUTH FLORIDA • WASHINGTON, DC But both of their constituencies are hurt by Labor Law 240, better known as the scaffold law, which holds contractors and property owners 100% liable for any gravity- related accident in which they are even minimally at fault. So they have joined forces to get state lawmakers to alter it.

“This issue is of such urgency and classroom space. and so pervasive, that it brings us “We don’t accept that this can’t together with a sense of survival,” get done this year,” Rev. DeGraff CRAIN’S FIRST LOOK Rev. DeGraff said. said,with an eye toward the sched- They have their work cut out: uled end of Albany’s legislative ses- Gov. Andrew Cuomo told Crain’s last sion on June 19. month that the law is immutable The coalition suffered another because of the state’s powerful setback last week when SUNY’s IS LANDMARKING Rockefeller Institute of Government trial-lawyer lobby. Even more dis- heartening to reformers,the gover- distanced itself from its own report nor said the law was not high criticizing the scaffold law.The in- enough on the business communi- stitute’s director said the industry- ty’s agenda for him to focus on it. backed study was flawed. OUT OF Mr.Coletti,though,praised Mr. Critics of the law shrugged off Cuomo for blaming the lawyers. “I the news and turned their sights on didn’t see the governor’s comments Mr. Cuomo. In an April 30 letter, as necessarily bad,”Mr.Coletti said. more than two dozen business and “We are not going to give up.” real estate groups pleaded with the CONTROL? A broad coalition of business governor to take a stronger hand in groups,construction firms and real reforming the law. estate developers are pursuing a One perceived obstacle is that multipronged strategy that seems Assembly Speaker Sheldon Silver is TUESDAY, MAY 20, 2014 / to be making incremental progress. of counsel to a personal-injury law They are focusing on members of firm whose settlement commis- the Black, Puerto Rican, Hispanic and sions are likely enhanced by the New York Athletic Club Asian Legislative Caucus,arguing that scaffold law. Mr. Silver is also Is the spread of landmarking helping or hurting the scaffold law threatens the via- known to be very responsive to his New York? Join us as our experts debate the issue. 180 South bility of minority contractors by caucus members, however, and New York, NY 10019 escalating insurance costs. The some have been receptive to the Peg Breen, President, The New York Landmarks Conservancy coalition estimates having spent law’s opponents.Brooklyn Assem- Nikolai Fedak, Founder and Editor, New York YIMBY 8:00 a.m. - 8:30 a.m.: more than $600,000 on radio and blyman Karim Camara, chairman of Kenneth T. Jackson, Professor of History and Social Science, Columbia University Registration and Networking Breakfast print ads in minority publications, the minority caucus, and Manhat- Steven Spinola, President, The Real Estate Board of New York 8:30 a.m. - 10:00 a.m.: among other efforts. tan Assemblyman Keith Wright are Ronda Wist They are now also seeking the listening to reformers’ arguments. , Vice President, Preservation, Municipal Art Society of New York Program city’s support. Mr. Coletti is But no champion of reform has arranging to meet with a senior emerged from the caucus. REGISTER TODAY » crainsnewyork.com/events-landmarknyc Cost to Attend: mayoral aide to explain how the “No one wants to stick their $100 individual ticket(s) law hinders the administration’s head out of the foxhole,” Rev. For more information, contact Adrienne Yee at 212-210-0739 or email [email protected]. $1,000 table(s) of 10 plan to create affordable housing DeGraff said.

You must be pre-registered to attend this event. No refunds permitted. QUOTE OF THE WEEK: ‘No one says a For sponsorship information, please contact Cynthia Hutchinson at (212) 210-0145 or word. It’s madness. ... You need a spine’ [email protected]. —Gubernatorial candidate Rob Astorino, on business leaders’ failure to respond to political attacks

6 | Crain’s New York Business | May 5, 2014 Horse-carriage activists in uncivil war

portedly threatened political retalia- electric-car strategy for several years. “Ending the unsafe and inhumane Animal-rights allies tion if Ms. Quinn didn’t come “$150,000 to $175,000 for a car? use of horse carriages on New York divided; may scrap around. The former speaker would You’re talking about roughly $12 City streets is the priority.” not yield,and the Advance Group last million,” Ms. Forel said. “I don’t see At last week’s meeting of animal- vintage-car plan year organized a $1 million campaign how anyone would invest in some- rights groups, Mr. Avella said, a gainst her that helped elect Bill de thing so risky.” everyone agreed to start working to- Blasio mayor. The series of events is Her group is instead pitching the gether.NYCLASS’plan to build the BY CHRIS BRAGG now reportedly being probed by idea of retrofitting existing horse car- pricey electric cars also may be the FBI. riages with motors, which she says scrapped for the coalition’s less ex- Animal-rights activists are not only Ms. Forel said there’s no doubt would cost as little as $10,000 each. pensive retrofitting idea, he said. fighting carriage-horse drivers, edi- that Mr. Nislick’s dollars made a dif- The de Blasio administration— “The main issue for everyone is torial boards and public opinion in ference in the 2013 elections because which has pushed back implement- eliminating the carriage-horse in- their efforts to ban Central Park car- “money talks.” Still, after initially ing the ban until the end of 2014—is dustry,” Mr. Avella said. “I think, buck ennis riages—they’re also battling each supporting the concept, her group reviewing the idea, she said. now,everyone agrees that the plan is ACTIVISTS may scrap vintage e-cars in favor other. has been skeptical of NYCLASS’ A NYCLASS spokesman said, to do whatever works.” of motorized carriages to replace horses. The Coalition to Ban Horse- Drawn Carriages,a volunteer-based nonprofit, has been at odds with New Yorkers for Clean, Livable and Safe Streets, a newer group founded by parking-lot magnate Steven Nis- lick, who has tried to mainstream the animal-rights efforts. In mid-April, NYCLASS un- veiled a much-hyped prototype for ,I\RXDUHDQH[SHULHQFHGEURNHUDQGKDYHDORYHRIUHDOHVWDWH an antique-style electric car meant to replace the horse carriages and their drivers’ jobs should the industry be shut down, as activists hope. That WE WANT TO MEET YOU. same day, the Coalition to Ban Horse-Drawn Carriages panned the vehicle as “not a viable solution.” Late last week,Queens state Sen. Tony Avella, a leading proponent of the carriage ban,convened a meeting :HDUHDIDVWJURZLQJIXOOêVHUYLFHUHDOHVWDWHoUP of those two groups and several oth- ers to get everyone on the same page. The two nonprofits weren’t al- :HVSHFDLOL]HLQ2IoFHDQG5HWDLO/HDVLQJ,QYHVWPHQW6DOHV ways at odds. One of the original leaders of the coalition, founded in ,QGXVWUWLDO6HQLRU+RXVLQJ+HDOWKFDUH3URMHFW0DQDJHPHQW 2006, came up with the antique-car idea. And Mr. Nislick, the million- aire who founded NYCLASS in DQG3URSHUW\0DQDJHPHQW 2008, was once closely aligned with the coalition and helped raise funds for it.Mr.Nislick’s wife is a longtime animal-rights activist. The falling-out came over a shift 51 in tactics pushed by Mr. Nislick, ac- RIoFHVQDWLRQZLGH cording to coalition head Elizabeth 45 Forel. In late 2008, NYCLASS re- EURNHUVLQ1HZ

May 5, 2014 | Crain’s New York Business | 7 BUSINESS 33% Growth in NYC high- tech jobs between ’09 and ’13, compared with 8% in other industries PEOPLE Source: Office of the State Comptroller

SIFTING FOR CLUES: Archaeologist Linda Stone surveys a dig EXECUTIVE MOVES site for a potable-water project on Governors Pencil: David Island. Weiner, 39, joined the education nonprofit as president. He was previously deputy chancellor at New York City’s Department of Education. AIG: Jerry Hourihan, 50, was promoted to president of the insurance company’s Private Client Group for the U.S. and Canada. He was previously executive vice president and chief marketing officer. McCourt Global: Drew McCourt,32, was promoted to president of MG Properties, the real estate investment and development arm of the investment firm. He will retain the position of principal. Guardian Life Insurance Co. of America: Marc Costantini, 44, joined as chief financial officer. He was previously executive vice president of corporate development and strategy at Manulife Financial Corp. Fareportal: Patrick Fragale, 58, joined as chief content officer of the travel technology company. He was previously president and COO at Directravel Inc. Shazam: Lauren Zalaznick, 51, joined the media engagement company as an independent board member. She was previously an executive vice president at NBCUniversal. Popular Mechanics: Ryan D’Agostino,39, joined the monthly buck ennis magazine as editor in chief. He was GOTHAM GIGS previously articles editor at Esquire. David Granger, 57, joined as editorial director. He remains editor in chief of Esquire, a sister publication at Hearst Magazines. She digs New York Cresa New York: Peter Kozel,59,will join the real estate firm as principal and director of consulting services, effective May 12. He was previously Linda Stone looks for historical artifacts beneath the city executive managing director and chief economist at Colliers Linda Stone knows where the bodies are buried. more than 10,000 years old, and Governors International. ‘All these Reilly Partners Inc.: Deborah Snow As well as the pottery, forgotten sea walls and Island is home to a military cemetery from the Walsh, 55, joined the executive-search Revolutionary War cannonballs. She’s a New 1800s. ¶ Every block also has its story. Beneath firm as managing director. She was pieces, previously managing director at York City archaeologist who gets called in on real most downtown sidewalks sit layers of discarded Horton International. put estate projects requiring environmental review to oyster shells because, in the 1800s, oysters were KPMG: Paul Fagone, 43, joined the audit, together, evaluate the chance of historical findings—like street food sold out of carts. “Walking around the tax and advisory old skeletons or unexploded military ordnance. city, I feel like I’m in on a secret that no one else services firm as give you a managing director. (Developers don’t like surprises, and neither do knows,” she said. ¶ Professional Archaeologists He was previously story of city planners.) ¶ Ms. Stone, an independent of New York City has about 50 members. Half vice president at consultant since 1992, has a home office in Turtle are consultants like Ms. Stone.The rest work in FINRA. Fortune Society: Kirk the past’ Bay but spends most of her days in the field. academia or government. ¶ As a child, Ms. Stone James, 38, joined the social-service and When subway construction at South Ferry in collected arrowheads in the woods of her home advocacy nonprofit as senior director of the David Rothenberg Center for 2005 hit an old stone wall, she identified it as in Massachusetts.When she announced her Public Policy. He was previously Manhattan’s original battery sea wall, the only career choice, her dad, a small-business owner, project director at the Goldring city fortification to survive the Revolutionary said: “You mean,you want to work digging with a Reentry Initiative. Carlton Group: Richard Travaglini, 54, War. “All these pieces, put together, give you a shovel?” Yes, dad. ¶ Every archaeologist carries a joined the real estate investment- story of the past,” Ms. Stone said. ¶ In 1991, an trowel—the more beaten up and broken in, the banking firm as director of leasing. He was previously director of leasing at African burial ground was uncovered in lower better. “You can’t get freaked out about dirt in Mack-Cali Realty Corp.’s Edison, Manhattan. Staten Island has a Paleo-Indian site this job,” Ms. Stone said. —hilary potkewitz N.J., office.

8 | Crain’s New York Business | May 5, 2014 Princeton University: Mollie Marcoux,44, CORPORATE LADDER joined the university as athletic director. She was previously executive vice HARLEM AIDS ACTIVIST TO LEAD GAY MEN’S HEALTH CRISIS president at Chelsea AFTER A SEVEN-MONTH NATIONAL SEARCH, Gay Men’s Health Crisis announced last week that Harlem-based AIDS activist Kelsey Louie Piers Management. will be its new chief executive. At the top of his agenda is getting the nonprofit back in the black. Fidelis Care: John “GMHC does amazing work, inspiring work,” said Mr. Louie, 39, a social worker with two master’s degrees who is currently COO at Golimowski, 40, was promoted to director of claims processing at the the Harlem United Community AIDS Center, which he joined in 2007. There, he managed a $42 million budget and a 350-member health-insurance provider. He was staff. Mr. Louie worked at GMHC in 2006 as coordinator of counseling and education. previously claims project specialist. GMHC showed its first deficit, of $398,000 on gross receipts of $227 million, in 2012. “Finances have improved,” Mr. Mary Beth Maginn, 32, joined as Louie said. Known for its AIDS education, social services and fundraising, GMHC has struggled as its client base shifted director of product development and toward poor minorities and AIDS fundraising faltered during the economic downturn. corporate innovation. She was Former CEO Marjorie Hill resigned from her $227,000 post last fall. Critics charged that the organization devoted too previously assistant director of clinical many resources toward entertainment, like the annual Latex Ball, a drag event. It also holds the annual AIDS Walk NY. information systems at the New York City Health and Hospitals Corp. Mr. Louie said he plans to use a “systematic approach to monitoring key performance indicators” to make PureWow: Phil Vuong, 31, joined the sure GMHC programs are getting results. —GALE SCOTT digital-media company as director of finance. He was previously director of finance at Gawker Media. Collective: Chelsea Dubinsky, 28, joined the ad-tech company as director of mobile client partnerships. She was previously account director at Havas Media. Huntington’s Disease Society of America: Christopher Cosentino, 31, joined the nonprofit as director of marketing and communications. He was previously SHOW TRANSACTION FEES director of public relations and marketing at Big Brothers Big Sisters of Long Island. Greystone: Jeff Baevsky, 53, joined the financial-services and private- investment company as managing director. He was previously director of capital markets at Gramercy Capital Corp. YOU MEAN Holt Construction Corp.: Debra Simonelli, 51, joined as director of operations. She was previously project executive at Hunter Roberts Construction Group. Warburg Realty: BUSINESS Michael Guerra, 51, joined the residential real estate company as Brooklyn sales director. He was previously executive vice president and managing director at Douglas Elliman. Liquidnet: Adam Sussman, 40, joined the global institutional trading network as head of market structure and liquidity partnerships. He was previously partner and director of research at Tabb Group. Thornton Tomasetti: Robert Rodin,63, joined the international engineering company as vice president. He was previously senior technical consultant at Gordon H. Smith Corp. Mission Capital Advisors: April Kennedy, 51, joined the real estate capital-markets solutions firm as vice president of residential mortgage operations in the residential mortgage services practice. She was previously vice president of system lead integration at HSBC Bank. First Nationwide Title Agency: Dorian Lam, 37, joined the title- insurance services provider as vice president. He was previously senior project and operations manager at First American Title. Classic Travel Service: Barbara Gallay, 74, joined the luxury-travel agency as vice president of online hotel SM partnerships. She was previously owner EMPLOY SPARK UNLIMITED BUSINESS CHECKING and president of Linden Travel/Frosch Travel. —nazish dholakia Switch today and get unlimited transactions so you never pay extra for doing more business. Visit your local branch EXECUTIVE PROMOTIONS or capitalonebank.com/sparkbusiness. The fastest way to get an announcement into Crain’s is to submit online. Fill out the form A $250 minimum account opening deposit is required. Additional terms, conditions and eligibility standards apply. at www.crainsnewyork.com/section/ executive_moves. The Executive Moves column Visit a branch to get details and see if this account fits your business. Capital One, N.A., Member FDIC. is also available online.

May 5, 2014 | Crain’s New York Business | 9 OPINION CRAIN’S NEW YORK BUSINESS

The Cuomo budgets editor in chief Rance Crain publisher, vp Jill R. Kaplan in the right direction.The lawmakers passed a phase-out of EDITORIAL fter three straight on-time budgets that editor Glenn Coleman ended runaway spending, curbed property the capital base tax, which was discouraging corporations managing editor Jeremy Smerd deputy managing editors Valerie Block, taxes and forsook accounting gimmickry, from placing assets in New York, and moved to collect taxes Erik Ipsen Gov. Andrew Cuomo knew he had to at from out-of-state companies making substantial sales to in- assistant managing editors Barbara Benson, Erik Engquist least match those standards with the state customers.They cut the corporate-tax rate by 8% and senior news producer Amanda Fung state’s new spending plan.There could be provided additional breaks for manufacturers. Ratings contributing editor Elaine Pofeldt columnists Greg David, Steve Hindy, Alair Townsend no election-year spending spree, soapbox agencies cheered—a sign that the state’s credit ratings will senior reporters Theresa Agovino, Aaron Elstein, Lisa Fickenscher, Matthew Flamm, pontificating or petty fights with legislators, and there had to remain high and its borrowing costs low. Daniel Geiger, Adrianne Pasquarelli be progress on some of the state’s remaining problems. Amid these successes, Republican gubernatorial candidate reporters Joe Anuta, Chris Bragg, A Andrew J. Hawkins, Irina Ivanova, For the most part, Mr. Cuomo delivered.The 2014-15 Rob Astorino is attempting to convince New Yorkers that Thornton McEnery budget holds state spending growth to 2% despite boosting it’s all window-dressing. It promises to be a lonely crusade: reporter/videographer Ken M. Christensen news producer Emily Laermer education aid by 5%—an investment in New York’s future. It Measured against his web reporter/producer lowers key business taxes and induces localities to predecessors, the Nazish Dholakia The governor’s art director Steven Krupinski consolidate operations. It provides property-tax and rent governor has made deputy art director Carolyn McClain staff photographer Buck Ennis relief for struggling New Yorkers while eliminating the latest fiscal plan great progress, notably copy desk chief Steve Noveck headache of estate taxes for middle-class households. by changing the copy editor Thaddeus Rutkowski is another step data editor Suzanne Panara The budget isn’t perfect: Some of the relief checks will go dynamic that routinely researchers Malik Singleton, Nicholas Wells to folks who don’t need them, and will arrive just before forward for NY resulted in spending ADVERTISING, MARKETING AND PRODUCTION Election Day—perpetuating state lawmakers’ reputation as increases well above the sales manager Irene Bar-Am senior account managers self-serving.The estate-tax reform wasn’t fully vetted and rate of inflation. Jill Bottomley Kunkes, Courtney McCombs, The challenger Suzanne Wilson likely needs tweaking. A pilot program offering public director of custom content Trish Henry financing to 2014 state comptroller candidates is a pointless should focus on where account executive Lauren Black sales coordinator Cynthia Hutchinson administrative exercise for the hapless state Board of Mr. Cuomo has fallen short, such as his failure to amend events coordinator & scheduler Elections. And a well-intentioned attempt to aid charter the unconscionable scaffold law or transit workers’ Alexis Sinclair credit Todd J. Masura (313-446-6097) schools eroded mayoral control of schools in New York City, senseless work rules, newly preserved by a contract blessed director of audience & content by the governor. But the budget is clearly another step partnership development Michael O’Connor establishing a precedent for political meddling that could senior marketing manager haunt education reformers down the road. forward for a state government that was in far worse shape Catherine Schutten director of conferences & events But on balance, Mr. Cuomo kept the Legislature heading just a few years ago. Courtney Williams reprint sales manager Lauren Melesio production and pre-press director Simone Pryce advertising production manager CRAIN’S ONLINE POLL COMMENTS Suzanne Fleischman Wies ONLINE AND INTERACTIVE SERVICES general manager Rosemary Maggiore web developer & digital sales The full story on rents strategist Chris Tumminello TO SUBSCRIBE: LANDLORDS’ COSTS RISE HORSE SENSE, INDEED their affordable-housing For print and digital subscriptions or customer obligations in the outer service, e-mail [email protected] or call 877-824-9379 (in the U.S. and Canada) or The headlines reporting city Mark Weisenfeld states (Com- boroughs—provided such 313-446-0450 (all other locations). $3.00 a copy for ap images Comptroller Scott Stringer’s ments, April 28) that “tether- housing were convenient to the print edition; or $99.95 one year, $179.95 two housing-affordability study ing a horse for ‘entertainment’ mass transit—perhaps even years, for print subscriptions with digital access. SHOULD THE NBA FORCE (CrainsNewYork.com) blared [or] nostalgia … constitutes more units could be constructed www.crainsnewyork.com/subscribe DONALD STERLING TO SELL that median rents (including enslavement and exploitation.” than the few meted out in pricey TO ADVERTISE: THE LOS ANGELES market rents) rose 75% from As a horse owner and breed- Manhattan projects, because Contact Irene Bar-Am at 2000 to 2012.The comptroller er, I would simply ask where he each unit would be far less costly [email protected] or call 212-210-0133. www.crainsnewyork.com/advertise CLIPPERS? didn’t mention studies by the thinks those “older” horses— to build. Why hasn’t anyone New York City Rent Guidelines which have a place in New York come up with a common-sense FOR INFORMATION ON OUR EVENTS: Yes. There is no room for racism in major- Board that show property taxes City’s tradition, are treated very trade-off proposition like this? Contact Courtney Williams at league sports or American business in general. [email protected] or 212-210-0257. on rent-stabilized well and get five weeks off per —miriam www.crainsnewyork.com/events His ownership is a stain on the NBA brand. rose 108%, and water and sewer year—would wind up? Just a lit- No. The NBA is trampling on his rights as an charges rose 138% in that time. tle thought would suffice. A GAMBLE ON UPSTATE TO CONTACT THE NEWSROOM: owner. His remarks were offensive but not The city’s overtaxation just —thomas mina 685 Third Ave., New York, NY 10017-4024 editorial phone: 212.210.0277 illegal. compounds the comptroller’s Saratoga Springs, N.Y. Genting’s resort in Tuxedo, fax 212.210.0799 Date of poll: April 30 underreported finding that N.Y. (CrainsNewYork.com), Entire contents ©copyright 2014 Crain Communications Inc. 224 votes “when long-term financing AFFORDABLE FOR WHOM? would be close enough to the All rights reserved. ®CityBusiness is a registered trademark costs and the developer’s return metro area to attract day- of MCP Inc., used under license agreement. on investment are factored in, So-called affordable housing trippers and long-term CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS plus typical monthly operating (“Affordable housing’s potential vacationers. Revenue would chairman Keith E. Crain 45% costs, the average new housing downside,” Greg David, April help support Orange president Rance Crain Yes treasurer Mary Kay Crain unit would need to rent for at 28) means a lot of different schools and a new exit on the Cindi Crain least $2,600 month, even if it things in New York City. In Thruway.Two thousand jobs received a full tax exemption” Manhattan and other hot areas, are also needed; there are a executive vp, operations William Morrow executive vp, director of strategic (emphasis added). it’s a bit of a joke as for whom number of economically operations Chris Crain —dan margulies it’s affordable and whether it’s depressed areas in the lower senior vp, group publisher David Klein 55% Executive director affordable for families. Hudson Valley that would vp/production, manufacturing David Kamis No Associated Builders and Owners However, if developers benefit from this new jobs base. chief information officer Anthony DiPonio of Greater New York would (and were allowed to) use —steve 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.

10 | Crain’s New York Business | May 5, 2014 EMIL SKANDUL based tax incentives for startups would ensure this growth stays local. Washington, D.C.’s High Technol- ogy Development Zone offers five- Mayor must expand Retailers Wholesalers Restaurants Hotels Oil Dealers Social Services year tax exemptions to startups. ⅷ Leveraging key industries. While Silicon Valley has tech,New York has city’s tech initiatives tech, finance, fashion, media, manu- facturing and more.As tech becomes n the 12 years that New York was led by a tech business- tethered to these legacy industries, fostering its disruptive potential be- Read Adam Friedlander’s man, it reawakened as a global tech capital. A digital city comes all the more important. has been born, catalyzing an innovation economy to the The key will be to establish How to $ave Big on Workers’ Compensation tune of $125 billion a year. industry-based partnerships. Culti- But Mayor Bill de Blasio must make a deeper com- vating talent within the City Univer- Call To Save Today sity of New York with established Imitment to tech and leading-edge initiatives to ensure that companies would provide tech trans- growth continues. As he introduces his tech agenda this month fer and a pipeline of homegrown en- Adam Friedlander • 800-394-7004, ext. 206 • [email protected] at Internet Week New York, he can turn to his predecessor and gineers. It would create internship www.friedlandergroup.com • www.howtosavebigonworkerscomp.com and job-placement programs, and to other for replicable strate- men to the tech and business com- build up CUNY’s prestige. For in- *Underwritten by the NYS Insurance Fund, 199 Church St., NY, NY 10007 gies. They include: munities, and make technology an stance, Mr. de Blasio can turn to Ba- ⅷ Investing in management. To see administration priority. ton Rouge,La.’s partnership with the an aggressive digital agenda ⅷ Developing tech corridors. New IBM Technology Center, which will through,City Hall will need a disci- York is no longer limited by a geo- enable millions of dollars to flow into plined focus. It can look to San graphic “Silicon” moniker—Silicon tech education in Louisiana. Francisco’s chief innovation officer Alley, Square or City.While there is The rise of tech in New York City and Los Angeles’ deputy mayor for a tech cluster in the Flatiron district, is no miracle:Its genesis is a direct re- budget and innovation, both of there are also ones in Brooklyn and sult of economic-development poli- whom have laid the groundwork for Queens. By designating corridors in cies pioneered by cities around the institutional innovation. each borough, Mr. de Blasio would globe and driven largely by innova- Mr. de Blasio should appoint a tap into the city’s native diversity. tion economics. Mr. de Blasio’s task deputy mayor for innovation and Similar to ’s Innovation Dis- is to maintain New York’s economic technology to replace the departed trict, it would grow awareness for transformation and sustain innova- chief digital officer. Elevating this New York’s emergent tech hubs. tion. In turn, all New Yorkers will position and hiring another chief The economic spillover would be gain from the unimaginable benefits analytics officer would embed inno- enormous: For every tech job, four of technology. vation within government and bring nontech ones are created. Mixed- together open data, e-government use live-work spaces would trigger Emil Skandul is the founder and principal and economic-development initia- economic activity across indus- of Capitol Foundry, a political technology tives.These two positions would es- tries—construction, services and firm. He previously worked on economic- tablish ambassadors and ombuds- entertainment—while location- development projects in the City Council.

of loopholes, corporations don’t ac- tually pay that much in taxes. They Pfizer tax-shelter bid also argue that allowing companies to bring home their billions tax-free would be nothing less than a give- in U.K. is a bad sign away to the richest Americans. And, to be fair, many corporations defend the current system, or least fizer, the pharmaceutical giant and New York stal- their own loopholes. wart, wants to acquire the slightly smaller British In addition, previous efforts to drug company AstraZeneca in part to gain access to lure that money back to the U.S. through tax holidays or lower rates more cancer drugs and in part to gain efficiencies in for a short period of time—usually what is not a very profitable business these days. linked to promises of job creation— Pfizer also makes no apologies that the move is designed to re- have been a bust. P Yet it should be obvious that incorporate the company in the United Kingdom and sharply CEOs in increasing numbers be- lower its tax bill. lieve they have to follow their peers, relocate abroad and lower their tax Welcome to the dysfunctional burdens. Loopholes are good for world of U.S. corporate taxation. some companies and not good Most countries follow a territo- enough for others like Pfizer. And rial system in which they tax only tax holidays are a bad idea. the business generated within their AstraZeneca is playing very hard borders. The U.S. lays claim to all to get,so no deal may happen.It also of a company’s profits, but doesn’t isn’t clear what the impact in New impose any tax if the profits remain York would be. Pfizer says it will abroad. Pfizer has accumulated maintain a (or even “the’’) head- $49 billion that way, which is quarters in the city, continue to be smaller than a lot of other big com- listed on the New York Stock Ex- panies’ overseas stashes, and can change and operate as an American use the money tax-free in the ac- GREG DAVID company in all other ways. quisition. In the end,what the U.S.is doing Worse, the U.S. now imposes the is neither good tax policy nor good highest corporate-tax rate among The solution has been obvious economic policy.The only good that industrialized nations. Pfizer was for some time. Lower the tax rate, can come of Pfizer’s maneuver is if socked with an effective tax rate of close loopholes and adopt the terri- it restarts discussion of a broad 27.5% last year. AstraZeneca paid torial system everyone else uses. corporate-tax overhaul that makes 20%. Every percentage point is Fifty companies have already re- the U.S. like other countries. That worth $200 million,and,to be frank, incorporated as Pfizer hopes to do. will have to wait until after the shareholders want that money. Progressives claim that because November elections, of course.

May 5, 2014 | Crain’s New York Business | 11 SMALL BUSINESS WELL FUNDED: Anastasia Leng raised $1 million from Startup scene lures female investors angels for her startup, Hatch. More women angels ready, come to me for investment,’ ” entrepreneurs like of New Hampshire, about 18% of said Ms. Leng. Ms. Leng: In- 663K angel investors in the U.S. in 2013 They became key supporters. Fe- creasingly familiar NUMBER of were women, down slightly from a bet on new ventures women-owned male investors contributed $325,000 with the world of firms in the NYC high of 21.8% in 2012 but still sig- of the $1 million seed round for startup funding metro area (No. nificantly above the 12.2% the cen- BY EILENE ZIMMERMAN Hatch, a Manhattan-based market- through jobs at 1 in U.S.), 2013 ter tallied in 2011. Source: American place where users can redesign jewel- tech firms or their Express Open efore Anastasia Leng ry, home decor and accessories post- own businesses, More women in the room left Google in August ed on the site and have artisans more women are diving into angel Female angel investors on New 2012 to co-found the around the world custom-make it. investing, where they give startups a York City’s startup scene say they are startup Hatch, she told Hatch launched to the public last fall. cash infusion in exchange for equity. no longer an anomaly. female colleagues of her New York is fast becoming an According to the Center for “I used to get asked when I walked Bplans. “They said, ‘When you’re epicenter of a trend that is helping Venture Research at the University into a pitch room if I was lost,” said buck ennis Angela Lee, founder of 37 Angels, a Manhattan-based investment net- work for women in Manhattan where half the members are entrepreneurs. rd “That doesn’t happen anymore.” 3 Annual Given that women entrepreneurs in New York have been unusually Join Crain’s as we explore growth successful at fundraising, perhaps it shouldn’t be surprising that some opportunities in commercial and want to put what they’ve learned to work as angels. REAL ESTATE residential real estate from midtown According to 2013 data from re- search firm CB Insights, the medi- to downtown Manhattan to Flushing an funding received by all-female teams in New York—who make up and downtown Brooklyn. 3% of local startup teams—was $4.5 CONFERENCE million,compared with $2.2 million for all-women teams across the na- tion and $2.3 million for local all- male teams. WHAT’S REALLY DRIVING THE MARKET? Meanwhile, more women-owned firms are going after angel financing. According to the Center for Venture Research,female entrepreneurs made OPENING KEYNOTE: up 16% of founders seeking angel capital in 2013,up from 12% in 2011. “Women are becoming increas- ingly sophisticated in how they seek funding—no question about it,” Deputy Mayor Alicia Glen said Loretta McCarthy,a managing Housing & Economic Development, City of New York partner at Manhattan-based Gold- en Seeds, an early-stage investment firm, where 80% of the members are women. Golden Seeds, which in- PANEL DISCUSSIONS: vests only in companies with at least > MIDTOWN VS. DOWNTOWN: > OPPORTUNITY KNOCKS IN THE one woman at the helm, has backed 61 firms in the decade since it start- THE BATTLE FOR CORPORATE OFFICE USERS OUTER BOROUGHS ed—10 in New York City. Marty Burger, Chief Executive Officer, Silverstein Properties, Inc. Seth Pinsky, Executive Vice President, RXR Realty Of course, the big test for angels Dennis Friedrich, Chief Executive Officer, Brookfield Office Properties Joshua Zegen, Co-Founder, Managing Member, who back women-run firms will be their success in picking startups that Tara Stacom, Executive Vice Chairman, Cushman & Wakefield Madison Realty Capital raise more capital and make lucra- Isaac Zion, Co-Chief Investment Officer, SL Green Realty Corp. K. Thomas Elghanayan, Chairman, TF Cornerstone tive exits. Female entrepreneurs Jason Muss, Principal, Muss Development have had a hard time winning ven- ture funding, and some may need TUESDAY, JUNE 17, 2014 coaching to secure it. JW Marriott Essex House Balancing act Ask Havona Madama. She ran a 160 Central Park South law firm that represented startups REGISTER TODAY: Networking Breakfast: 8:00a.m. - 8:30a.m. before leaving a year ago to run her crainsnewyork.com/events-realestate2014 own company, Brooklyn-based Program: 8:30a.m. - 12:00p.m. KidKlass, a platform for booking after-school activities and camps. COST TO ATTEND For more information, contact Adrienne Yee at 212-210-0739 or “I interviewed a lot of women in [email protected] New York who felt they could create $300 for individual ticket(s). / $3000 for table(s) of ten. a perfectly valid $20 million-a-year $4000 for a table of ten + full page ad in the event journal business and not have to go out and raise money—or just raise a little at a time as they grow,” said Ms. Madama. “My guess is that’s be- cause they are already balancing so Gold Sponsor: Supporting Partner: many things in their lives. I never heard men say that.”

To sign up for Crain’s For sponsorship information, contact Cynthia Hutchinson at 212-210-0145 or [email protected] SMALL BUSINESS newsletter, go to www.crainsnewyork.com/smallbiz.

12 | Crain’s New York Business | May 5, 2014 REAL ESTATE INSIDE Real Estate Deals More clothing outfits button up space in Brooklyn’s Industry City PAGE 15 The List Real Capital Analytics’ largest REPORT NYC financings PAGE 16 Amenities arms race explodes Developers throw all MORE UNITS sorts of goodies out Number of apartments expected there to lure tenants to hit the market in Manhattan

in a crowded market 8,000

BY JOE ANUTA

Developer Joseph Moinian has not yet volunteered to personally serve 3,500 tenants breakfast in bed at his 60- story apartment tower at 605 W. 42nd St. But he does want to assure them that his staff will indeed be 2014 2016 serving croissants,coffee,fresh juice Source: Citi Habitats and more in a common room every weekday morning from 6 to 10. “[These developers] pay a heavy While offering the most impor- price to bring buildings to market on tant meal of the day on the house the rental side in terms of land ac- might seem like an odd, perhaps quisition, construction and then even superfluous perk, these days it marketing costs.” is anything but. Such freebies are To recoup those costs, landlords part of a no-expense-spared ameni- have only one choice: to hike their ties arms race by developers seeking asking rates. That’s something the to make their new construction proj- bells and whistles simply make more ects stand out in a crowded market- palatable.As more rental towers rise place that is about to get more so. in out-of-the-way corners of the This year, 3,500 apartments are city, the importance of such tenant scheduled to open in Manhattan, lures becomes even more crucial. and that number is expected to more Mr. Moinian’s tower at the western than double, to 8,000, in 2016, ac- end of is an example, as SKY-BRIDGING THE GAP: cording to data from Citi Habitats,a is a twin-tower project that JDS De- Michael Stern said JDS Development Group is taking Manhattan-based brokerage. velopment Group is building near the amenities battle “to a new “Owners are shooting for high the East River at 35th Street. level” with a twin-tower project rents and always looking to be big- “With that project, we are tak- near the East River. ger, badder and better than the last ing this arms race to a new level,” building that came out,” said Gary vowed Michael Stern, managing buck ennis Malin, president of the firm. See AMENITIES on Page 14 Once-moribund CMBS market comes charging back to life

Fewer defaults, lower nancing of its 45-story tower at 245 real estate that has roared back to the game—including one of the Those expected gains would Park Ave. After months of effort, life: the market for commercial biggest from the halcyon days, come on top of last year’s near dou- interest rates revive one institution, Bank of China, fi- mortgage-backed securities, or Credit Suisse, which reopened for bling of CMBS volume in the U.S., nally stepped forward, agreeing to CMBS, which are large loans or CMBS business earlier this year.For to $86 billion, from the 2012 level. securities shunned provide the money. packages of smaller ones converted landlords, especially big ones, this is That is close to where the market during financial crisis Three years later, Brookfield has to bondlike instruments and sold off all good news indeed. stood in 2004, when it was on the pulled off an even bigger refinanc- in pieces. “For large loans, CMBS is huge- verge of the explosion that took it to ing—this time for its property at For years, the securities were ly advantageous because it’s hard to its frothy precrash high of almost BY DANIEL GEIGER 1114 Sixth Ave. Only in this case, shunned by investors put off by huge get one bank or even a group of them $230 billion. the landlord received offers from losses suffered during the crash, but to write big mortgages,”said Patrick Real estate brokerage firm In late 2010, with the market for big multiple financial institutions com- now a combination of a low level of Hanlon, an executive at Akman Massey Knakal Realty Services pre- loans in the city at a near standstill, peting for the right to provide the defaults in recent years and attrac- Ziff, a firm that arranges real estate dicts that CMBS volume, after a Brookfield Properties struggled to needed $900 million. tive interest rates are once again financing deals. “We definitely ex- somewhat slow first quarter,will ex- line up a bank—or even a group of The radical change comes cour- piquing investors’ interest. In turn, pect more CMBS volume this year pand to about $105 billion national- them—for an $800 million refi- tesy of a huge pipeline of capital for more issuers are jumping back into than last.” See CMBS on Page 14

May 5, 2014 | Crain’s New York Business | 13 REPORT REAL ESTATE

come smaller over the years.” These same developers are pay- Apartment-amenities arms race ignites ing more for another element in the amenities arms race: marketing. To drive tenants to their door and away Continued from Page13 from someone else’s, condo-style partner at JDS. amenities require condo-caliber Among other things, Mr. Stern marketing pitches. In years past, will consolidate all the mechanicals full-color print ads might have done that typically litter rooftops—like the trick. But today’s landlords pay water towers and air conditioners— for flashy websites with high- onto the lid of just one building, definition photos,as well as spend on leaving the other wide open for a a less glamorous form of advertising. roof deck, which will include an in- With more apartment seekers finity pool. And then there’s the doing their searching online, devel- project’s most striking feature, a opment and marketing firms have glass-walled, three-story sky bridge kept pace by paying ever-higher fees that will link the two buildings at the RENTALS WITH RAZZLE-DAZZLE: Tenants take to Dog City at 1 MiMa Tower and to the residents-only market at the Market at Gotham West. to place their ads above their com- 30th floor.Inside,tenants will find a petitors’ when, for example, some- lap pool, a sauna and a gym, as well one searches for “luxury apartment as lounges for enjoying the view of lofty expectations is high, however. amount and the quality of the lection of small restaurants in an in Chelsea.” the river and Brooklyn. Communal lounges, test kitchens, amenities over the course of our ex- open-floor setting that are also “Although you can do a good job gyms, etc., all take up space that perience,” Mr. Joseph said. open to the public.The eateries pay with graphics, it’s more about being Catering to renters could otherwise be used for income- About 20 blocks farther north, enough rent to cover Gotham’s cost, out there and in front of people,”Mr. Historically, eye-catching extras producing rentals or even sold off as Gotham Organization President but far less than the market rate.To Picket said. like Mr.Stern’s sky bridge,or a 1,300- retail condominiums.So how does a David Picket made a similar deci- make the financials work for the Despite the high costs, the arms square-foot, canine-centric facility developer decide how much ameni- space, Mr. Picket calculated he race rolls onward, fueled largely by called Dog City at the Related Cos.’ ty space is too much,or where exact- needed to charge just $1 more per the dramatic rise in the numbers of 1 MiMA Tower, would have been ly it should go? ‘You are selling square foot for the units above. properties coming to market. Land found only in the toniest of condo- “It’s more of an art than a sci- In addition, the firm offered a prices, which have jumped by 48% miniums. But when a series of mixed ence,” said Benjamin Joseph, senior a lifestyle. You bike shop some rent-free space in in Manhattan in the past four years, condo/rental buildings like Extell’s vice president at the Related Cos. the building in exchange for operat- are playing a role as well.And as long Aldyn were built about five years ago, At Related’s 312-unit Abington are not just ing a complimentary bike valet and as sky-high land prices keep rental and other condos went through last- House on the High Line at West 30th tune-up service for residents. projects on the periphery of Man- minute conversions after the market Street, some of the amenity space renting’ hattan and in the boroughs, devel- crash, renters loved what they saw. worked best on the ground floor, Mr. More marketing opers will have to keep including “[These converted projects] were Joseph said.Putting it there instead of “[Developers] are constantly services that the surrounding neigh- built with larger apartments and using the space for retail meant kiss- thinking of how to reinvent the borhoods lack, while trying to best more programmed-amenity spaces,” ing off as much as hundreds of thou- amenity package to make it differ- the competition in the process. said Jodi Ann Stasse, managing di- sands of dollars in rents, according to sion at the base of the firm’s 1,238- ent and more appealing,” Mr. Pick- “You are selling a lifestyle,” Mr. rector of new developments at Citi retail experts, or a lump sum if the unit rental building, called Gotham et said, noting that not only do resi- Stern said. “You are not just renting Habitats.“And they started to set the space were sold off as a condo.But for West. Instead of going for standard dents like these communal spaces, the bricks and mortar. Having a tone for rentals after we found out Related, the trade-off made sense. retail space, he wanted to offer res- but “behind the door of an apart- community and social scene in the how popular they became.” “Renters’ demands have evolved, idents the opportunity to hang out ment, there’s only so much you can building is every bit as important as The price of meeting tenants’ and we’ve been increasing the at Gotham West Market, a hip col- do, especially since they have be- how many square feet a unit is.” Ⅲ

TIMELY MOVE: The office FRESH FOOTING: Citigroup part of the Time Warner is refinancing its new CMBS deals gain Center will get a $675M Greenwich St. HQ using CMBS financing. CMBS funds. Continued from Page 13 that $12.5 billion in deals were made ly this year.New York,too,is expect- in the city in 2013 and said a similar ed to experience an uptick in CMBS sum could be raised this year despite deals. the slow start. “We have seen more interest in large-loan and single-asset, single- Slicing a $1.5 billion loan borrower deals, which could lead to Several big deals in the second more issuance,” said Tom Fink, an quarter suggest the market is already executive at Trepp, a data firm that gathering steam. Citigroup is in the tracks the CMBS market. He noted process of slicing its roughly $1 bil- lion loan to purchase the property BACK TO LIFE for its new world headquarters, at Annual U.S. CMBS originations 388-390 Greenwich St.in TriBeCa, (in billions) into mortgage securities. And ’00 $46.9 Deutsche Bank, which handled the transaction for 1114 Sixth Ave., is ever, shows that those concerns are A growing comfort level among $67.3 ’01 arranging a similar, $675 million receding,to the delight of borrowers. investors with CMBS is also throw- ’02 $52.1 CMBS financing for the office “Floating-rate CMBS loans ing the door open to a broad range of ’03 $77.8 component of the Time Warner typically allow borrowers to pay off smaller borrowers, whose participa- Center, which is owned by the Re- the debt before maturity with min- tion is bullish for expected volumes. ’04 $92.6 lated Cos. and GIC, a Singapore- imal penalty and can be used in The complexity of such pools, with ’05 $166.5 based sovereign wealth fund. deals in which the borrower wants their multiple underlying credits, ’06 $198.4 Those two deals are notable for to reposition a real estate asset,” had made them difficult to sell until their sheer scale and because both said Michael May, chief operating recently. ’07 $228.6 will be among the first big floating- officer of CCRE, a firm that origi- “The combination of many more ’08 $12.1 rate CMBS mortgages in the city in nates loans. “Fixed-rate CMBS lenders in the market plus the added several years. The interest charged loans don’t offer nearly the same frequency of CMBS pools and the ’09 $2.7 on floating-rate CMBS is pegged to leeway.” ability for CMBS lenders to earn ’10 $11.6 short-term interest rates and fluctu- more profit in smaller loans has in- Back in the game ’11 $24.2 ates with that market. creased the flow of smaller deals,”said Such issues are attractive to bor- In another positive sign, a grow- Shawn Rosenthal, a commercial- ’12 $48.4 rowers because they typically carry a ing number of firms are stepping mortgage broker at CBRE who re- ’13 $86.1 lower interest rate, but they are also back into the market as issuers. cently arranged a midsize $150 mil- ’14 $105** $20.4* riskier for both buyers and sellers of “There are 40 underwriters now, lion CMBS loan for real estate the mortgage securities in times of whereas there were probably 25 just a investment firm Harbor Group’s ac- *First quarter **Massey Knakal Realty Services’ 2014 projection volatile interest rates.That two large few years ago,” said Alan Todd, a quisition of downtown office build- Sources: CMAlert, Massey Knakal Realty Services floating-rate deals were done, how- CMBS analyst for Bank of America. ing 55 . Ⅲ

14 | Crain’s New York Business | May 5, 2014 REPORT REAL ESTATE DEALS

foot, in a building where you’re Jamestown Properties,the firm that presence has created added incentive around like-minded individuals last year bought a 50% stake in the for front-end fashion firms like Ball Gaggle of garmentos working with their hands,” said 6 million- square-foot complex and Buck to move in. Mark Bollman, president of Ball along with partners Angelo Gor- “I look out my window here into and Buck, which makes all its prod- don and Belvedere Capital. “There a cut-and-sew facility where they ucts in the U.S. is also a whole cut-and-sew sector make garments,” Mr. Bollman said, sew up Industry City The two companies will join a that we are trying to keep in New indicating he plans to use such busi- handful of other fashion tenants, York.” nesses in his own production. wo boutique clothiers recently took a total of roughly 13,000 like Maria Castelli and Lana Industry City boasts about 12 Other tenants like Malia Mills, square feet at Industry City in Brooklyn,solidifying the complex’s Stepul, which already occupy space cut-and-sew companies, which are who co-owns the namesake fashion growing cachet as a destination for fashion firms outside the in the complex. Other garment smaller factory-style operations firm that moved to Industry City garment district in Manhattan. outfits are expected to join the where clothing is actually made. earlier this year, cited that entrepre- Steven Alan, a New York-based clothing and home- growing gaggle. These firms have long taken advan- neurial spirit as the deciding factor Tfurnishings company,inked a roughly 11,600-square-foot lease for seven years, “We really tried to focus on tage of special in the garment for taking space in Industry City. and Ball and Buck,a men’s clothing company from Boston,took roughly 1,500 inviting the fashion businesses to district that allowed them to operate “There is a palpable feeling of square feet for three years at the six-building industrial complex in Sunset Park. Industry City,” said Michael there. But more recently, many have people getting s—t done out here,” “Here, you’re getting this space that isn’t hundreds of dollars per square Phillips, chief operating officer of moved over to Industry City. Their Ms. Mills said.

Financial firm grows footprint A Manhattan-based investment firm recently expanded its footprint in one of the city’s priciest and most prestigious office towers: the Gener- al Motors Building, across Fifth Av- enue from the . In the deal, York Capital Management inked a 10-year sublease by which it added 7,200 square feet on the 23rd floor and at the same time renewed its lease for 46,300 square feet on the 17th and 21st floors. “This is a solid company show- ing its faith in New York,” said L. Craig Lemle of Studley, who represented York Capital in the transaction. Nonetheless, the expansion of York Capital, which boasts $21 bil- lion under management, remains the exception rather than the rule among financial firms. “Investment banking in Man- hattan is not what it was 15 years ago,” concluded a first-quarter re- port from Studley. Mr. Lemle spent a year scouring the city for a new location before the firm decided to stay put in the 59- story building, where asking rents range from $125 to $225 per square foot—among the highest in the city, though sublease space is generally far cheaper than leasing directly from the landlord. Along with Mr. Lemle, Studley Chair Mitchell Steir represented York Capital,while Andy Levin and Adam Frazier represented the land- lord, Boston Properties, in-house. The new space was obtained via a sublease from law firm Weil Got- shal & Manges, the tower’s largest tenant. —joe anuta Global leaders like Siemens are using the LEED® green building program to meet BARE BONES their business goals. Better buildings, 500 FIFTH AVE. better business. ASKING RENT; TERM: $68 per square foot; 10 years Alison Taylor SQUARE FEET: 33,000 Vice President TENANT; REPS: Sustainability - Americas Vince; Nicola Heryet and Stephen Siemens Corporation Bellwood of Cassidy Turley LANDLORD; REPS: 500 Fifth Ave. Inc.; Harry Blair and Sean Kearns of Cushman & Wakefield usgbc.org/LEEDON Pictured: LEED Gold Wind Turbine Nacelle Assembly Facility, Hutchinson, KS BACK STORY: The clothing retailer will take the entire 19th and 20th floors, according to .

May 5, 2014 | Crain’s New York Business | 15 THE Real Capital Analytics’ Largest NYC Financings LIST Ranked by loan amount, from January 2013 through April 2014

Address/ Loan amount Transaction Rank property location and type (in millions) type Date Borrower(s) Lender THE TOP

1095 Sixth Ave. $1,000.0 Refinance 12/3/13 Blackstone MetLife FOUR 1 Midtown west office 388-390 Greenwich St. (Citigroup Building) $996.1 Sale 3/3/14 SL Green Citigroup 2 Downtown office 1515 Broadway (1 Astor Plaza) $900.0 Refinance 2/19/13 SL Green Deutsche Bank 3 Midtown west office 1114 Sixth Ave. (Grace Building) $900.0 Refinance 3/21/14 Brookfield Asset Management/ Deutsche Bank 3 Midtown west office Swig Co. 53 W. 53rd St. (Tower Verre) $860.0 Sale 4/22/13 Pontiac Land Group United Overseas Bank 5 Midtown west land 825 Eighth Ave. (Worldwide Plaza) $710.0 Refinance 3/1/13 George Comfort & Sons/ Deutsche Bank 6 Midtown west office DRA Advisors 10 (Time Warner Center) $675.0 Sale 1/16/14 Related Cos./GIC (Government Deutsche Bank Midtown west office of Singapore) 7 LIST RANK 1 650 Madison Ave. $675.0 Sale 9/30/13 Crown Acquisitions/ Goldman Sachs 7 Midtown east office Highgate Holdings ADDRESS 1095 Sixth Ave. 99 Church St. (future Four Seasons Hotel & Residences) $660.0 Refinance 5/14/13 CalSTRS/Silverstein Properties Children’s Investment Fund 9 Downtown land LOAN AMOUNT 550 Madison Ave. (Sony Plaza) $600.0 Sale 3/15/13 Chetrit Group/Clipper Equity Bank of China Ltd. $1 billion 10 Midtown east office 220 Central Park South $600.0 Refinance 1/31/14 Clarett Group/Vornado Bank of China Ltd. 10 Midtown west land Realty Trust 310 Greenwich St. (Independence Plaza North) $550.0 Refinance 8/8/13 / Bank of America 12 Downtown apartment Stellar Management 601 W. 26th St. (Starrett-Lehigh Building) $525.0 Refinance 7/5/13 RXR Realty/PSP Investments New York Community Bank 13 Midtown west office 301 Park Ave. (Waldorf-Astoria Hotel) $525.0 Refinance 9/13/13 Blackstone DekaBank 13 Midtown east hotel 701 Seventh Ave. (future Times Square Gateway Center) $500.0 Refinance 1/14/14 Winthrop Realty Trust/ Starwood Property Trust 15 Midtown west land Witkoff Group 335 Madison Ave. $498.0 Refinance 4/11/13 Milstein Properties Bank of China Ltd. 16 Midtown east office LIST RANK 2 300 Park Ave. (Colgate-Palmolive Building) $485.0 Refinance 8/2/13 GIC (Government of Singapore)/ Deutsche Bank 17 Midtown east office Tishman Speyer ADDRESS 388-390 Greenwich St. 10 Hudson Yards $475.0 Refinance 4/10/13 Related Cos./OMERS Starwood Property Trust 18 Midtown west office LOAN AMOUNT 225 Liberty St. (2 World Financial Center) $451.5 Refinance 6/3/13 Brookfield Asset Management Deutsche Bank $996.1 million 19 Downtown office 250 E. 57th St. $450.0 Refinance 2/19/14 World-Wide Group/ Starwood Property Trust 20 Midtown east land Rose Associates Inc. 1 Columbus Circle (Shops at Columbus Circle) $450.0 Refinance 9/27/13 Related Cos./AREA MetLife 20 Midtown west retail Property Partners 11 Penn Plaza $450.0 Refinance 11/27/13 Vornado Realty Trust UBS 20 Midtown west office 145 W. 31st St. $450.0 Refinance 11/27/13 Vornado Realty Trust UBS 20 Midtown west office 345 Park Ave. $425.0 Refinance 1/7/14 Rudin Organization Prudential Real Estate Investors 24 Midtown east office 120 Park Ave. (Altria Building) $400.0 Refinance 3/20/14 Global Holdings (Ofer family) HSBC Holdings 25 Midtown east office LIST RANK 3 (tie) 100 Park Ave. $360.0 Refinance 2/28/14 SL Green/Prudential DekaBank 26 Midtown east office Real Estate Investors ADDRESS 40 Riverside Blvd. $352.0 Refinance 5/3/13 Carlyle Group/Extell Development Capital One 1515 Broadway 27 Upper West Side land LOAN AMOUNT 56 Leonard St. $350.0 Refinance 1/9/13 Alexico Group/Dune Capital Bank of America $900 million 28 Downtown land Management 353 W. 57th St. (Hudson Hotel) $350.0 Refinance 2/11/14 Morgans Hotel Group/ Citigroup 28 Midtown west hotel NorthStar Capital 909 Third Ave. $350.0 Refinance 2/28/14 Vornado Realty Trust Ladder Capital Finance 28 Midtown east office 4 Brookfield Place $348.5 Refinance 6/3/13 Brookfield Asset Management Deutsche Bank 31 Downtown office 413 W. 31st St. $340.0 Refinance 1/29/13 Brookfield Asset Management Wells Fargo 32 Midtown west land 120 Broadway (Equitable Building) $310.0 Refinance 3/14/13 UBS/Silverstein Properties Wells Fargo 33 Downtown office 425 Lexington Ave. $306.1 Sale 6/28/13 JPMorgan Wells Fargo 34 Midtown east office 70 Pine St. $300.0 Refinance 4/30/13 Rose Associates Inc./ Bank of New York LIST RANK 3 (tie) 35 Downtown office Eastbridge ADDRESS Data are based on publicly reported lending activity for the period from January 2013 through April 2014. Includes first mortgages made for acquisitions and refinancings on properties and portfolios of $2.5 million and greater; excludes seller financing, mezzanine 1114 Sixth Ave. financing and land loans. In case of tied figures, deals are listed in order of transaction date. Real Capital Analytics Inc. is an independent research firm focused exclusively on capital investment markets for commercial real estate. RCA offers comprehensive informa- tion on activity in the industry. In addition to collecting transactional information for property sales and financings, it interprets the data, including capitalization rates, market trends, pricing and sales volume. The firm publishes a series of Capital Trends reports and LOAN AMOUNT offers an online service that provides real-time, global transactional market information. Visit www.rcanalytics.com. $900 million

16 | Crain’s New York Business | May 5, 2014

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Name/addr. against LLC to: 134 W. 29th Street electronic trad’g environ. All stated exp Princ. office of LLC: 16 E. 34th St., 3rd Ave., 9th Fl., New York, NY of genl. ptr. avail from SSNY. Cert. of 11th Floor, New York NY 10001. must incl: provd’g adv empirical mdl’g 15th Fl., NY, NY 10016. SSNY 10022. Purpose: General. LP filed with DE Sect. of State, 401 Principal business address: 134 W. & computations thru dsgn’g, control’g, designated as agent of LLC upon Federal St, Ste 4, Dover, DE 19901. 29th Street 11th Floor, New York NY implemnt’g, & analyz’g quant rsrch; whom process against it may be Notice of Formation of Recast 431 Purpose: any lawful activity. 10001. Purpose: any lawful act. progrm’g util Obj-Orientd Progrm’g w/ served. SSNY shall mail process to Warren Street, LLC. Arts. of Org. filed exp in at least 1 stat pckg (R, Matlab, Corporation Service Co., 80 State with NY Dept. of State on 11/26/2013. LIMITED LIABILITY COMPANY. Notice of Formation of CB-GAA LLC. or simlr) & at least 1 script’g lnguage St., Albany, NY 12207-2543. Office location: NY County. Princ. bus. Notice of Formation of Limited Arts. of Org. filed with Secy. of State (such as PERL or Python); wrk’g w/ Purpose: Social media marketing, addr.: 1 MetroTech Ctr., Brooklyn, NY Liability Company (LLC). Name: FIA of NY (SSNY) on 03/21/14. Office invstmnts, equity mrkts, derivatives, digital media, communications & 11201. Sec. of State designated CORONA HOLDINGS, LLC. Articles location: NY County. Princ. office of asset pric’g, empiricl anomalies & mrkt public relations and branding. agent of LLC upon whom process of Organization filed by the LLC: c/o , 228 W. 47th micro-structure; & analyz’g 100s or against it may be served and shall Department of State of New York on: St., NY, NY 10036. SSNY designated more of Gig sized lrg datasets. AKSHAYA LLC, a foreign LLC, filed mail process to: 131 W. 24th St., Apt. 03/06/2014. Office location: County as agent of LLC upon whom process with the SSNY on 3/5/14. Office 2, NY, NY 10011, Attn: Betsy Jacobs, of New York. Purpose: any and all against it may be served. SSNY shall Resumes: ER/LW, Attn: R-0203N, location: New York County. SSNY is regd. agent upon whom process may lawful activities. Secretary of State of mail process to the LLC at the addr. Citadel LLC, 131 S Dearborn St, 32nd designated as agent upon whom be served. Term: until 11/24/2063. New York (SSNY) designated as agent of its princ. office. Purpose: Any Fl, Chicago, IL 60603. process against the LLC may be Purpose: all lawful purposes. of LLC upon whom process against lawful activity. served. SSNY shall mail process to: it may be served. SSNY shall mail a Grant, Hermann, Schwartz & Klinger, Name of PLLC: Carol L. Goldstein copy of process to: 115 Broadway, NOTICE OF FORMATION OF The TELECOMMUNICATIONS LLP, Attn: Richard L. Hermann, Esq., DC PLLC. Arts. of Org. filed with NY Suite 302, New York, NY 10006. Langer Syringe, LLC. Arts of Org filed 675 3rd Ave., 26th Fl., NY, NY 10017. Dept. of State: 2/21/14. Office loc.: with Secy of State of NY (SSNY) on General Purposes. NY Co. Sec. of State designated Notice of Formation of Park Avenue 3/10/14. Office location: NY County. agent of PLLC upon whom process Endocrinology & Nutrition, PLLC. Arts. SSNY designated agent upon whom CURL UP AND DYE BAR LLC, Arts. against it may be served and shall of Org. filed with Secy. of State of NY process may be served and shall 33 East 33rd Street of Org. filed with the SSNY on mail process to: c/o Business Filings (SSNY) on 04/03/14. Office location: mail copy of process against LLC to: New York, NY 10016 01/17/2014. Office loc: NY County. Inc., 187 Wolf Rd., Ste. 101, Albany, New York County. SSNY designated Finkelstein Platt LLP, 11 Broadway, 212-532-7400 SSNY has been designated as agent NY 12205, regd. agt. upon whom as agent of LLC upon whom process Ste 615, NY, NY 10004. Principal upon whom process against the LLC business address: 933 Fifth Ave NY, [email protected] process may be served. Purpose: against it may be served. SSNY shall may be served. SSNY shall mail practice chiropractic. mail process to: c/o Delaney Corporate NY 10021. Purpose: any lawful act. EMERGENCY process to: 243 18th St., NY, NY Services, Ltd., 99 Washington Ave., 10011. Reg Agent: Debra Derecola, NOTICE OF FORMATION OF YTD Ste. 805A, Albany, NY 12210. The professional limited liability com- COMMUNICATIONS Partners LLC. Arts of Org filed with pany name is Sander Rabin H+Juris SYSTEMS 85 8th Ave., Apt #5U, NY, NY 10011. Purpose: to practice the profession Purpose: Any Lawful Purpose. Secy of State of NY (SSNY) on of medicine and any lawful activities. PLLC. The Articles of Organization SPECIALISTS 8/23/13. Office location: NY County. were filed with the NY Secretary of • FREE PICKUP & DELIVERY Notice of Formation of ZHU LAW FIRM, SSNY designated agent upon whom NOTICE OF FORMATION OF 888 CAFE State on March 13, 2014. The • 48 HOUR TURNAROUND PLLC. Arts. of Org. was filed with process may be served and shall LLC. Arts of Org filed with Secy of PLLC’s office is in Westchester ON REPAIRS SSNY on 2/26/14. Office location: New mail copy of process against LLC to: State of NY (SSNY) on 10/22/13. County. Business Filings Inc is desig- • FREE ENGRAVING York. SSNY designated as agent of 7014 13th Ave, Ste 202, Brooklyn, NY Office location: NY County. SSNY nated as the PLLC’s agent for serv- • SHORT & LONG TERM LLC whom process against may be 11228. Principal business address: designated agent upon whom process ice of process at 187 Wolf Rd Suite RENTALS served. SSNY shall mail process to: 1375 Broadway, Ste 600, NY, NY may be served and shall mail copy of 101 Albany NY 12205. The PLLC is , 12th Fl. #12127, 10018. Purpose: any lawful act. process against LLC to: c/o TORKIAN managed by a manager. The purpose New York, NY 10036. Purpose: to GROUP 1650 Broadway, Ste 910, NY, of the PLLC is to practice law. engage in the practice of Law. NOTICE OF FORMATION OF HALIFAX NY 10019. Principal business address: OF PALISADE LLC.. Application for 1265 Broadway, NY, NY 10001. Notice of Qualification of American Notice of Qualification of CHELSEA Authority filed with the Secretary of Purpose: any lawful act. Capital Leveraged Finance RESTAURANT OWNER LLC. Authority State of New York (SSNY) on 12/31/12. Management, LLC. Authority filed filed with Secy. of State of NY (SSNY) Office location: NEW YORK County. Notice of Qualification of Ampere with NY Dept. of State on 4/7/14. on 03/27/14. Office location: NY LLC formed in NJ on 7/8/10. SSNY Solar Owner III, LLC. Authority filed Office location: NY County. Princ. bus. PUBLIC & LEGAL County. LLC formed in Delaware (DE) has been designated as an agent with Secy. of State of NY (SSNY) on addr.: 2 Bethesda Metro Ctr., 14th Fl., on 03/19/14. SSNY designated as upon whom process against it may be 3/10/14. Office location: New York Bethesda, MD 20814. LLC formed in NOTICES agent of LLC upon whom process served. The Post Office address to County. LLC formed in Delaware (DE) DE on 8/1/13. NY Sec. of State des- Notice of Formation of AIRIA LIVING against it may be served. SSNY shall which the SSNY shall mail a copy of on 3/4/14. SSNY designated as agent ignated agent of LLC upon whom LLC. Arts. of Org. filed with Secy. of mail process to c/o Morrison Cohen any process against the LLC served of LLC upon whom process against it process against it may be served State of NY (SSNY) on 04/10/14. LLP, Attn: Y. David Scharf, Esq., 909 upon him/her is: C/O KB PARK, 460 may be served. SSNY shall mail and shall mail process to: c/o CT Office location: NY County. SSNY Third Ave., 27th Fl., NY, NY 10022. DE Bergen Blvd Ste 202A, Palisades process to: c/o Corporation Service Corporation System, 111 8th Ave., NY, designated as agent of LLC upon addr. of LLC: c/o Corporation Service Park, NJ 07650. The principal busi- Company, 80 State St., Albany, NY NY 10011, regd. agent upon whom whom process against it may be Co., 2711 Centerville Rd., Ste. 400, ness address of the LLC is: 10 West 12207-2543. Address to be maintained process may be served. DE addr. of served. SSNY shall mail process to Wilmington, DE 19808. Arts. of Org. 33rd St. Ste 1010, NY, NY 10001. in DE: 2711 Centerville Rd., Ste. 400, LLC: c/o The Corporation Trust Co., David Beyda, 295 Fifth Ave., Ste. filed with Secy. of State, Div. of Certificate of LLC filed with Secretary Wilmington, DE 19808. Arts of Org. 1209 Orange St., Wilmington, DE 412, NY, NY 10016, regd. agent upon Corps., John G. Townsend Bldg., of State of NJ located at: 141 Lanza filed with the DE Secy. of State, 401 19801. Cert. of Form. filed with DE Sec. whom and at which process may be 401 Federal St., Ste. 4, Dover, DE Ave Bldg #18C, Garfield, NJ 07026. Federal St., Dover, DE 19901. of State, 401 Federal St., Dover, DE served. Purpose: Any lawful activity. 19901. Purpose: Any lawful activity. Purpose: any lawful act or activity. Purpose: any lawful activities. 19901. Purpose: all lawful purposes.

18 | Crain’s New York Business | May 5, 2014 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES

Notice of Qualification of ENGINEERS NOTICE OF QUALIFICATION of The Notice of Qualification of GRAYCLIFF NOTICE OF QUALIFICATION of Notice of Qualification of Anibar Group GATE FUND II GP LLC. Authority filed Wheels on The Bus Tours, LLC. MEZZANINE II PARALLEL GP PART- Flagtree Systems LLC. Authority filed LLC. Authority filed with Secy. of with Secy. of State of NY (SSNY) on Authority filed with Secy of State of NERS LLC. Authority filed with Secy. with Secy of State of NY (SSNY) on State of NY (SSNY) on 4/1/14. Office 03/13/14. Office location: NY County. NY (SSNY) on 4/2/14. Office location: of State of NY (SSNY) on 04/14/14. 01/16/2014. Office location: NY County. location: New York County. LLC LLC formed in Delaware (DE) on NY Co. LLC formed in DE 2/5/14. Office location: NY County. LLC LLC formed in TX on 03/04/2009. formed in Delaware (DE) on 4/1/14. 03/11/14. SSNY designated as agent SSNY designated agent upon whom formed in Delaware (DE) on 12/12/13. SSNY designated agent upon whom SSNY designated as agent of LLC of LLC upon whom process against process may be served and shall SSNY designated as agent of LLC process may be served and shall mail upon whom process against it may be it may be served. SSNY shall mail mail process against LLC to princ upon whom process against it may be copy of process against LLC to: served. SSNY shall mail process to: process to The LLC, 640 Fifth Ave., bus address: 545 8th Ave, Ste 14S, served. SSNY shall mail process to c/o 28411 Northwestern Hwy., Ste. 640, c/o Sentinel Data Centers, 120 West 19th Fl., NY, NY 10019. DE addr. of NY, NY 10018. Cert of LLC filed with Corporation Service Co., 80 State St., Southfield, MI 48034. Principal busi- 45th St., Ste. 2610, NY, NY 10036, LLC: Corporation Service Co., 2711 Secy of State of DE located: Div of Albany, NY 12207-2543. DE addr. of ness address: New York Co. TX Attn: Gilad Rabina. Address to be Centerville Rd., Ste. 400, Wilmington, Corps John G Townsend Bldg 401 LLC: c/o PHS Corporate Services, address of LLC: 1400 Preston Rd, maintained in DE: Harvard Business DE 19808. Arts. of Org. filed with Federal St. Ste 4 Dover DE 19901. Inc., 1313 N. Market St., Ste. 5100, Ste. 400, Plano, TX 75093. Certificate Services, Inc., 16192 Coastal Hwy., Secy. of State, State of DE, Dept. of Purpose: any lawful act. Wilmington, DE 19801. Arts. of Org. of LLC filed with Secy of State of TX Lewes, DE 19958. Arts of Org. filed State, Townsend Bldg., Dover, DE filed with Jeffrey W. Bullock, Secy. of located: Corps Section, PO BOX with the DE Secy. of State, 401 19901. Purpose: Any lawful activity. Notice of Formation of FINANCIAL State, State of DE, Div. of Corp., 13697, Austin, TX 78711-3697. Federal St., Dover, DE 19901. STRATEGY ADVISORS LLC. Arts. of John G. Townsend Bldg., 401 Purpose: any lawful act. Purpose: any lawful activities. Notice of formation of 325 EAST Org. filed with Secy. of State of NY Federal St., Ste. 4, Dover, DE 19901. 118TH STREET HOLDING, LLC, a (SSNY) on 04/17/14. Office location: NY Purpose: Any lawful activity. Notice of Qualification of WHUSA LLC. NOTICE OF FORMATION OF OreBit limited liability company. Articles of County. SSNY designated as agent Authority filed with Secy. of State of NY LLC. Articles of Organization filed with Organization filed with the Secretary of LLC upon whom process against 308 RNYF LLC, a domestic LLC, filed (SSNY) on 04/02/14. Office location: the Secretary of State of NY (SSNY) of State of New York on January 28, it may be served. SSNY shall mail with the SSNY on 2/12/14. Office NY County. LLC formed in Delaware on 03/27/2014. Office location: 2014. Office location: Manhattan. process to Tarter Krinsky & Drogin location: New York County. SSNY is (DE) on 03/24/14. SSNY designated NEW YORK County. SSNY has been The Secretary of State of New York LLP, 1350 Broadway, 11th Fl., NY, NY designated as agent upon whom as agent of LLC upon whom process designated as agent upon whom has been designated for service of 10018. Purpose: Any lawful activity. process against the LLC may be against it may be served. SSNY shall process against it may be served. process. The Secretary of State of served. SSNY shall mail process to mail process to c/o Tannenbaum The Post Office address to which New York shall mail a copy of any NOTICE OF FORMATION OF LIMITED Holm & O’Hara LLP, Attn: Michael L. Helpern Syracuse & Hirschtritt LLP, the SSNY shall mail a copy of any process served against the LLC to: LIABILITY COMPANY. NAME: Sikh Landsman, Esq., 3 W. 35th St., 9th Attn: Michael G. Tannenbaum, Esq., process against the LLC served upon ROACH BERNARD, PLLC, 300 Community Voice, LLC. Articles of Fl., NY, NY 10001. General Purpose. 900 Third Ave., NY, NY 10022-4775. him/her is: 80 Broad St., 1702, NY, MERRICK ROAD, SUITES 209 & 210, Organization were filed with the DE addr. of LLC: c/o Corporation NY 10004. The principal business LYNBROOK, NY 11563. Purpose: Secretary of State of New York (SSNY) GLENWILLOW NYC, LLC, a domestic Service Co., 2711 Centerville Rd., address of the LLC is: 80 Broad St., any lawful purpose. on April 22, 2014. Office location: LLC, filed with the SSNY on 3/26/14. Ste. 400, Wilmington, DE 19808. Arts. 1702, NY, NY 10004. Purpose: any New York County. SSNY has been Office location: New York County. of Org. filed with Secy. of State of DE, lawful act or activity. Doppio Hudson Street LLC. Arts. of designated as agent of the LLC upon SSNY is designated as agent upon 401 Federal St., Ste. 4, Dover, DE Org. filed with Secy. of State of NY whom process against it may be whom process against the LLC may 19901. Purpose: Any lawful activity. Notice of Qualification of Guterman- (SSNY) on 09/17/13. Off. loc.: New served. SSNY shall mail a copy of be served. SSNY shall mail process CPW Partners, LLC. Authority filed York Co. SSNY des. as agent of LLC process to the LLC, Sikh Community to Arnie Herrmann, c/o Citrin NOTICE OF FORMATION OF 3Dream, with Secy. of State of NY (SSNY) on upon whom process may be served. Voice, LLC, at the LLC’s principal Cooperman, 529 Fifth Ave., NY, NY LLC. Arts of Org filed with Secy of 3/25/14. Office location: New York SSNY shall mail process to 24 business address at 60 W. 66th Street, 10017. General Purpose. State of NY (SSNY) on 1/17/2014. County. LLC formed in Delaware (DE) Clinton Ave., Huntington, NY 11743. Apt. 26A, NY, NY 10023. Purpose: Office location: NY County. SSNY on 3/24/14. SSNY designated as Purpose: General. For any lawful purpose. There is no Notice of Formation of Calvary designated agent upon whom agent of LLC upon whom process predetermined dissolution date. Manager LLC. Arts. of Org. filed with process may be served and shall against it may be served. SSNY shall Notice of Formation of 18W 125 Assoc. Secy. of State of NY (SSNY) on mail copy of process against LLC to mail process to: 1721 Breakers West LLC. Arts. of Org. filed with Secy. of Notice of Qualification of Unitas 3/28/14. Office location: NY County. principal business address: 150 West Blvd., West Palm Beach, FL 33411. State of NY (SSNY) on 1/9/14. Office Global LLC. Authority filed with Secy. SSNY designated as agent of LLC 28th Street, Ste. 402, NY, NY 10001. Address to be maintained in DE: 160 location: NY County. SSNY designated of State of NY (SSNY) on 3/17/14. upon whom process against it may be Purpose: any lawful act. Greentree Dr., Ste. 101, Dover, DE as agent of LLC upon whom process Office location: New York County. LLC served. SSNY shall mail process to: 19904. Arts of Org. filed with the DE against it may be served. SSNY shall formed in California (CA) on 8/21/09. The LLC, 826 Broadway, 11th Fl., NY, NOTICE OF FORMATION OF Point B Secy. of State, John G. Townsend mail process to: c/o The LLC, 435 SSNY designated as agent of LLC NY 10003. Purpose: any lawful activity. Publishing LLC, Arts of Org filed with Bldg., 401 Federal St., Ste. 4, Dover, DE Fifth Ave., 4th Fl., NY, NY 10016. upon whom process against it may be Secy of State of NY (SSNY) on 19901. Purpose: any lawful activities. Purpose: any lawful activity. served. SSNY shall mail process to: EXECUTIVE TALENT ADVISORS 04/01/2014. Office location: NY National Registered Agents, Inc., 111 LLC, a domestic LLC, filed with the County. SSNY designated agent upon GLASS TABLE, LLC, a domestic LLC, Notice of Formation of Quik Park Eighth Ave., NY, NY 10011. Address SSNY on 4/7/14. Office location: whom process may be served and filed with the SSNY on 2/25/14. Morton LLC. Arts. of Org. filed with to be maintained in CA: 453 S. Spring New York County. SSNY is designated shall mail copy of process against Office location: New York County. Secy. of State of NY (SSNY) on St., Ste. 728, Los Angeles, CA 90013. as agent upon whom process LLC to principal business address: SSNY is designated as agent upon 2/24/14. Office location: NY County. Arts of Org. filed with the CA Secy. of against the LLC may be served. 944 8th Ave, 3rd Floor, New York, NY whom process against the LLC may SSNY designated as agent of LLC State, Business Entities, 1500 11th SSNY shall mail process to The LLC, 10019. Purpose: any lawful act. be served. SSNY shall mail process upon whom process against it may St., Sacramento, CA 95814. 235 E. 40th St., Ste. 26G, NY, NY to The LLC, c/o Philippe Juncker, 23 be served. SSNY shall mail process Purpose: any lawful activities. 10016. General Purpose. NOTICE OF FORMATION OF BitMine E. 10th St., Apt. 1101, NY, NY 10003. to: The LLC, 247 W. 37th St., NY, NY Partners LLC. Articles of Organization General Purpose. 10018. Purpose: any lawful purpose. NOTICE OF FORMATION OF ETTY BURK, PH.D. LLC, Arts. of Org. filed with the Secretary of State of Pinkhasov & Associates, PLLC. Arts of filed with the SSNY on 03/19/2014. NY (SSNY) on 03/27/2014. Office NOTICE OF FORMATION OF GSD CDV HOLDINGS LLC, Arts. of Org. Org filed with Secretary of State of NY Office loc: NY County. SSNY has location: NEW YORK County. SSNY Enterprises LLC. Arts of Org filed filed with the SSNY on 02/12/2014. (SSNY) on 1/9/14. Office location: NY been designated as agent upon whom has been designated as agent upon with Secy of State of NY (SSNY) on Office loc: NY County. SSNY has County. SSNY designated agent upon process against the LLC may be whom process against it may be 02/03/14. Office location: NY County. been designated as agent upon whom whom process may be served and served. SSNY shall mail process to: served. The Post Office address to SSNY designated agent upon whom process against the LLC may be shall mail copy of process against 255 W. 84th St. Ste 1E, NY, NY 10024. which the SSNY shall mail a copy of process may be served and shall served. SSNY shall mail process to: PLLC to principal business address: Purpose: Any Lawful Purpose. any process against the LLC served mail copy of process against LLC to Lincoln Land Services LLC, 324 260 Madison Ave, Ste 204, NY, NY upon him/her is: 80 Broad St., 1702, principal business address: 1270 South Service Rd. Ste 302, Melville, NY 10016. Purpose: any lawful act. Anahid & Telly LLC. Arts. of Org. filed NY, NY 10004. The principal business Broadway, Suite 1108, NY NY 10001. 11747. Purpose: Any Lawful Purpose. with Secy. of State of NY (SSNY) on address of the LLC is: 80 Broad St., Purpose: any lawful act. Notice of Formation of COREY S. 03/03/14. Off. loc.: NY Co. SSNY 1702, NY, NY 10004 Purpose: any Notice of Formation of Recast 24-26 SCURLOCK, M.D., MEDICAL ADVO- des. as agent of LLC upon whom lawful act or activity. MHF ALTERNATIVES CONSULTING, Park Place, LLC. Arts. of Org. filed CATE, PLLC. Arts. of Org. filed with process may be served. SSNY shall LLC, a domestic LLC, filed with the with NY Dept. of State on 11/26/2013. Secy. of State of NY (SSNY) on mail process to c/o Robinson Brog, Notice of formation of Trendi NYC LLC SSNY on 1/30/14. Office location: Office location: NY County. Princ. bus. 03/19/14. Office location: NY County. et al., Attn: Roger A. Raimond, Esq., filed with the Secy. of State of NY New York County. SSNY is designated addr.: 1 MetroTech Ctr., Brooklyn, NY Princ. office of PLLC: 224 W. 18th 875 3rd Ave., 9th Fl., New York, NY (SSNY) on 4/4/14. Office loc.: New as agent upon whom process against 11201. Sec. of State designated St., Apt. 8A, NY, NY 10011. SSNY 10022. Purpose: General. York County. The principal business the LLC may be served. SSNY shall agent of LLC upon whom process designated as agent of PLLC upon loc. is 401 Park Ave. S., New York, NY mail process to The LLC, 178 against it may be served and shall whom process against it may be Notice of Formation of Quik Park 10016. SSNY designated as agent of Columbus Ave., #230828, NY, NY mail process to: 131 W. 24th St., Apt. served. SSNY shall mail process to Underhill LLC. Arts. of Org. filed with LLC upon whom process against it 10023. General Purpose. 2, NY, NY 10011, Attn: Betsy Jacobs, c/o Tannenbaum Helpern Syracuse & Secy. of State of NY (SSNY) on may be served. SSNY shall mail copy regd. agent upon whom process may Hirschtritt LLP, Attn: Brian A. Haskel, 3/14/14. Office location: NY County. of process to Corporation Service Co., NOTICE OF FORMATION OF INVISA be served. Term: until 11/24/2063. Esq., 900 Third Ave., NY, NY 10022- SSNY designated as agent of LLC 80 State St., Albany, NY 12207. Mgmt. LOGISTIC SERVICES LLC. Purpose: all lawful purposes. 4775. Purpose: Practice of medicine. upon whom process against it may shall be by one or more managers. Application for Authority filed with be served. SSNY shall mail process Purpose: Any lawful activity. Secretary of State of New York (SSNY) Notice of Qualification of AEA Investors Notice of Qualification of COURTNEY to: The LLC, 247 W. 37th St., NY, NY on 06/19/2012. LLC formed in SBF LP. Authority filed with NY Dept. ONE MANAGER LLC. Authority filed 10018. Purpose: any lawful purpose. Notice of Qualification of RCB3 DISTRICT OF COLUMBIA on of State on 2/4/14. Office location: with Secy. of State of NY (SSNY) on Rental LLC. Authority filed with NY 11/17/2010. SSNY has been designated NY County. Princ. bus. addr.: 666 5th 03/19/14. Office location: NY County. Notice of Qualification of ARCP Dept. of State on 3/24/14. Office as an agent upon whom process Ave., 36th Fl., NY, NY 10103. LP LLC formed in Delaware (DE) on WELET1401, LLC. Authority filed location: NY County. Princ. bus. against it may be served. The Post formed in DE on 12/31/13. NY Sec. of 03/11/14. Princ. office of LLC: 1720 with Secy. of State of NY (SSNY) on addr.: 125 High St., High St. Tower, Office address to which the SSNY State designated agent of LP upon Post Rd., Fairfield, CT 06824. SSNY 03/31/14. Office location: NY County. 27th Fl., Boston, MA 02110. LLC shall mail a copy of any process whom process against it may be designated as agent of LLC upon whom LLC formed in Delaware (DE) on formed in DE on 2/10/14. NY Sec. of against the LLC served upon him/her served and shall mail process to: c/o process against it may be served. 03/12/14. SSNY designated as agent State designated agent of LLC upon is: 1566 33rd St. NW, WASHINGTON, CT Corporation System, 111 8th Ave., SSNY shall mail process to c/o of LLC upon whom process against whom process against it may be D.C., 20007. The principal business NY, NY 10011, regd. agent upon whom Ceruzzi Properties LLC at the princ. it may be served. SSNY shall mail served and shall mail process to: c/o address of the LLC is: 1566 33rd St. process may be served. DE addr. of office of the LLC. DE addr. of LLC: c/o process to c/o CSC, 80 State St., CT Corporation System, 111 8th NW, WASHINGTON, D.C., 20007. LP: The Corporation Trust Co., 1209 Corporation Service Co., 2711 Albany, NY 12207. DE addr. of LLC: Ave., NY, NY 10011, regd. agent NEW YORK address of LLC is: 80 Orange St., Wilmington, DE 19801. Centerville Rd., Ste. 400, Wilmington, 2711 Centerville Rd., Ste. 400, upon whom process may be served. MAIDEN LANE, ROOM 302, NEW Name/addr. of genl.ptr. available DE 19808. Arts. of Org. filed with DE Wilmington, DE 19808. Arts. of Org. DE addr. of LLC: 1209 Orange St., YORK, NY 10038. Certificate of LLC from NY Sec. of State. Cert. of LP Secy. of the State, Div. of Corps., John filed with DE Secy. of State, Div. of Wilmington, DE 19801. Cert. of Form. filed with Secretary of State of NEW filed with DE Sec. of State, 401 G. Townsend Bldg., 401 Federal St., Corps., 401 Federal St., Ste. 4, filed with DE Sec. of State, 401 YORK located at: ONE COMMERCE Federal St., Dover, DE 19901. Ste. 4, Dover, DE 19901. Purpose: Dover, DE 19901. Purpose: Any Federal St., Dover, DE 19901. PLAZA, 99 WASHINGTON AVE, Purpose: all lawful purposes. Any lawful activity. lawful activity. Purpose: all lawful purposes. ALBANY, NY 12231.

May 5, 2014 | Crain’s New York Business | 19 Parking lots vanishing in B’klyn LITTLE DOWNSIDE TO THE UPSIDE EVEN THOUGH ABOUT A DOZEN parking lots have disappeared from the streets of downtown Brooklyn in the past seven years, and only about 22% of Continued from Page 3 new housing plan,whose un- residents own a set of wheels, motorists are still spoiled for choice when it and is developing into a 660-unit SUCCESSION veiling was put off last week PLANNER: comes time to leave their cars. The Downtown Brooklyn Partnership, led by residential tower. but is expected any day.“The Dermot’s Tucker Reed, estimates the current number of spaces at nearly 9,500. Nearby on Myrtle Avenue, sev- Drew Spitler rezoning is achieving its eral parking lots owned by John goals of creating a lively,24/7 While 87% of them are occupied at midday on weekdays, that figure drops to Catsimatidis’ Red Apple Group are neighborhood,” she said. 50% on nights and weekends. That suggests the demand is driven by also slowly being developed, with commuters and shoppers, not residents. the latest building at 180 Myrtle Building boom What’s more, residential buildings downtown, like the Dermot Co.’s 66 Ave. set to house 191 units. The three parking lots on Rockwell, must still have on-site parking, though City Planning two years ago This trend was kicked off simply Fulton Street show just how halved the number of required spaces for new developments, from 40% of by market forces—more people the process plays out.On the housing units to 20%, because of reduced reliance on cars. wanting to live in downtown one still open for business, Those spaces, along with 700 to be included in a new public garage the Brooklyn—and parking lots are the New York Hotel and city hopes to build beneath Willoughby Square Park in the heart of downtown, perfect development sites to ac- Motel Trades Council plans will provide ample parking for motorists while still allowing more efficient land commodate them. to build a health facility.One use. “I’m having a hard time identifying a downside to this,” Mr. Reed said of “I think these new towers are the block to the west, the the disappearing lots. —JOE ANUTA

highest and best use for the land,” buck ennis Gotham Organization is said Stephen Palmese of Massey just beginning groundwork Knakal Real Estate, who noted that Brooklyn, while at the same time for its 586-unit, 52-story tower. And owner with no existing residents. the streets forced those lots to be the price per buildable square foot of eliminating the need to go through leading the pack, one more block All this is good news for resi- built above grade. In the process, land has increased sevenfold in the the lengthy city-approval processes. west, the Dermot Co. recently dents, who no longer have to stroll these lots and garages have essen- past three years to $350, prompting “We’re very pleased with the opened its 326-unit, 42-story build- past the chain-link fences or un- tially become soft sites for develop- more owners to cash in their chips. progress occurring in downtown ing, where one- and two-bedrooms sightly garages that have historical- ments, which are required to build Brooklyn,” said Purnima Kapur, the rent for roughly $3,450 and $4,935 a ly occupied a significant chunk of on-site parking anyway. Making progress Department of City Planning’s month, respectively. the street-level space. “The new developments that are Those market forces were com- Brooklyn borough director. That is “A parking lot is the best for de- As the borough’s business hub, rising on these former parking lots plemented by a 2004 rezoning by the especially true given the number of velopment,” said Drew Spitler, di- downtown Brooklyn always needed include active retail or cultural uses city that, in many cases, tripled the affordable units already built and in rector of development at Dermot. acreage for shoppers and office on the ground floor,which provide a allowable size of buildings that could the pipeline. That total could rise Such parcels typically consist of a workers to stow their cars. But the more welcoming and engaging ped- rise on parking lots in downtown even higher courtesy of the mayor’s large plot in the hands of a single dense network of subways beneath estrian experience,”Mr.Reed said.Ⅲ

TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Qualification of GSO Cactus Credit Notice of Qualification of Andera, LLC. Notice of Qualification of Notice of Qualification of GRAYCLIFF Notice of Qualification of MXFe, LLC. Opportunities Fund LP. Authority filed Authority filed with NY Dept. of State Commercialize.TV LLC. Authority filed MEZZANINE II PARALLEL LP. Authority filed with Secy. of State of NY with the Sect. of State of NY (SSNY) on 4/16/14. Office location: NY with Secy. of State of NY (SSNY) on Authority filed with Secy. of State of NY (SSNY) on 04/08/14. Office location: on 4/3/2014. Office Loc: NY County. County. Princ. bus. addr.: 325 04/17/14. Office location: NY County. (SSNY) on 04/14/14. Office location: NY County. LLC formed in Delaware LP formed in DE on 2/18/14. SSNY Corporate Dr., Portsmouth, NH LLC formed in Delaware (DE) on NY County. LP formed in Delaware (DE) on 11/26/13. SSNY designated has been designated as agent of LP 03801. LLC formed in DE on 9/22/10. 04/03/14. SSNY designated as agent (DE) on 12/12/13. SSNY designated as agent of LLC upon whom process upon whom process against it may be NY Sec. of State designated agent of of LLC upon whom process against it as agent of LP upon whom process against it may be served. SSNY shall served and shall mail process to: 345 LLC upon whom process against it may be served. SSNY shall mail against it may be served. SSNY shall mail process to Corporation Service Park Avenue, 31st FL, NY, NY 10154. may be served and shall mail process to the LLC, 594 Broadway, mail process to Corporation Service Co., Co., 80 State St., Albany, NY 12207- DE address of LP: 200 Bellevue Pkwy, process to: c/o CT Corporation NY, NY 10012. DE addr. of LLC: c/o 80 State St., Albany, NY 12207-2543. 2543, regd. agent upon whom and at Ste 210, Wilmington, 19809. System, 111 8th Ave., NY, NY 10011, Corporation Service Co., 2711 Name and addr. of each general which process may be served. DE Name/addr. of genl. ptr. avail from regd. agent upon whom process may Centerville Rd., Ste. 400, Wilmington, partner are available from SSNY. DE addr. of LLC: 2711 Centerville Rd., SSNY. Cert. of LP filed with DE Sect. be served. DE addr. of LLC: 1209 DE 19808. Arts. of Org. filed with addr. of LP: c/o PHS Corporate Ste. 400, Wilmington, DE 19808. of State, 401 Federal St, Ste 4, Dover, Orange St., Wilmington, DE 19801. Secy. of State of the State of DE, 401 Services, Inc., 1313 N. Market St., Ste. Arts. of Org. filed with DE Secy. of DE 19901. Purpose: any lawful activity. Cert. of Form. filed with DE Sec. of Federal St., Ste. 4, Dover, DE 19901. 5100, Wilmington, DE 19801. Arts. of State, 401 Federal St., Dover, DE State, 401 Federal St., Dover, DE Purpose: Any lawful activity. Org. filed with Jeffrey W. Bullock, 19901. Purpose: Any lawful activity. NOTICE OF FORMATION OF LIMITED 19901. Purpose: all lawful purposes. Secy. of State, State of DE, Div. of LIABILITY COMPANY. ABBEY NOTICE OF FORMATION OF FIRM Corp., John G. Townsend Bldg., 401 Notice of Formation of Jemcap CONSULTING, LLC. Articles of Notice of Formation of CANA POINT FOUNDATIONS PARTNERS LLC. Federal St., Ste. 4, Dover, DE 19901. Servicing LLC. Arts. of Org. filed with Organization were filed with the SOLUTIONS LLC. Arts. of Org. filed ARTICLES OF ORG filed with Secy of Purpose: Any lawful activity. Secy. of State of NY (SSNY) on Secretary of State of New York with Secy. of State of NY (SSNY) on State of NY (SSNY) on 09/25/2013. 4/24/14. Office location: NY County. (SSNY) 4/3/14. Office location: NY 04/11/14. Office location: NY County. Office location: NY County. SSNY has COLOMBIAN ORGANIC CONNECTION SSNY designated as agent of LLC County. SSNY has been designated Princ. office of LLC: 1410 Broadway, been designated as agent upon whom LLC, Arts. of Org. filed with the SSNY upon whom process against it may as agent of the LLC upon whom 8th Fl., NY, NY 10018. SSNY designated process may be served and shall mail on 03/05/2014. Office loc: NY County. be served. SSNY shall mail process process against it may be served as agent of LLC upon whom process a copy of any process against LLC SSNY has been designated as agent to: Jemcap Servicing LLC, 360 and shall mail a copy of process to against it may be served. SSNY shall to principal business address: 124 W. upon whom process against the LLC Madison Ave., Ste. 1902, NY, NY ABBEY CONSULTING, LLC, 124 mail process to c/o The Golden 23rd St. Apt 2A NY, NY 10011. may be served. SSNY shall mail process 10017. Purpose: any lawful activity. Hudson Street, #8A, New York, New Touch Group at the princ. office of Purpose: any lawful act or activity to: 363 W. 51st St., Apt 3B, NY, NY York, 10013, Attention Leslie Abbey. the LLC. Purpose: Any lawful activity. 10019. Purpose: Any Lawful Purpose. Notice of Formation of Jeremy Starr Purpose: for any lawful purpose. Notice of Formation of 721 ST. Consulting LLC. Arts. of Org. filed NOTICE OF FORMATION OF NICHOLAS LLC. Arts. of Org. filed Notice of Formation of D&J HEIGHTS with Secy. of State of NY (SSNY) on Notice of Formation of KellenProjects Madison Ave Success LLC. Arts of with Secy. of State of NY (SSNY) on LLC. Arts. of Org. filed with Secy. of 2/18/14. Office location: NY County. LLC. Arts. of Org. filed with Secy. of Org filed with Secy of State of NY 04/10/14. Office location: NY County. State of NY (SSNY) on 04/25/14. Office SSNY designated as agent of LLC State of NY (SSNY) on 4/21/14. Office (SSNY) on 1/17/14. Office location: Princ. office of LLC: 404 W. 145th location: NY County. SSNY designated upon whom process against it may location: NY County. SSNY designated NY County. SSNY designated agent St., Unit 0, NY, NY 10031. SSNY as agent of LLC upon whom process be served. SSNY shall mail process as agent of LLC upon whom process upon whom process may be served designated as agent of LLC upon against it may be served. SSNY shall to: 382 Central Park West, Apt. 10W, against it may be served. SSNY shall and shall mail copy of process against whom process against it may be mail process to c/o David C. Segal, NY, NY 10025. Purpose: any lawful mail process to: Kellen E. Giuda, 400 LLC to principal business address: served. SSNY shall mail process to 830 Bryant St., Woodmere, NY 11598. activity. E. 71st St. Apt. 19U, NY, NY 10021. 1270 Broadway, Suite 1108, NY NY the LLC at the addr. of its princ. Purpose: Any lawful activity. Purpose: any lawful activity. 10001. Purpose: any lawful act. office. Purpose: Any lawful activity. Notice of Qualification of GAIA Notice of Qualification of 650 Madison PROPERTIES, LLC. Authority filed Application for Authority of MedAuth, Notice of formation of 325 EAST Notice of Qualification of Code Office Manager LLC. Authority filed with Secy. of State of NY (SSNY) on LLC filed with the Secy. of State of NY 118TH STREET, LLC, a limited liability Fellows NY, LLC. Authority filed with with NY Dept. of State on 9/25/13. 03/31/14. Office location: NY County. (SSNY) on 3/11/14. The LLC was company. Articles of Organization filed NY Dept. of State on 2/12/14. Office Office location: NY County. Princ. LLC formed in Delaware (DE) on formed in DE 12/12/00. Office loc.: New with the Secretary of State of New location: NY County. LLC formed in bus. addr.: 210 Route 4 East, Paramus, 12/20/13. SSNY designated as agent York County. SSNY is designated as York on September 20, 2013. Office WA on 1/27/14. NY Sec. of State NJ 07652. LLC formed in DE on of LLC upon whom process against agent of LLC upon whom process location: Manhattan. The Secretary of designated agent of LLC upon whom 9/18/13. NY Sec. of State designated it may be served. SSNY shall mail against it may be served. The principal State of New York has been designated process against it may be served agent of LLC upon whom process process to c/o Corporation Service business loc. and address SSNY shall for service of process. The Secretary and shall mail process to: c/o CT against it may be served and shall Co. (CSC), 80 State St., Albany, NY mail copy of process is 80 Broad St., of State of New York shall mail a copy Corporation System, 111 8th Ave., NY, mail process to: c/o CT Corporation 12207-2543, regd. agent upon whom 5th Fl., New York, NY 10004. The of any process served against the NY 10011, regd. agent upon whom System, 111 8th Ave., NY, NY 10011, and at which process may be served. office address in DE is 203 NE Front LLC to: 325 EAST 118TH STREET, process may be served. WA and regd. agent upon whom process may DE addr. of LLC: 1000 West St., Ste. St., Ste. 101, Milford, DE 19963. Cert. LLC, ATTN: MANAGING MEMBER, principal business addr.: 511 Boren be served. DE addr. of LLC: 1209 1400, Wilmington, DE 19801. Arts. of of Formation filed with Jeffrey W. C/O ROACH BERNARD, PLLC, 300 Ave N #200, Seattle, WA 98109. Cert. Orange St., Wilmington, DE 19801. Org. filed with Secy. of State, Div. of Bullock, DE Sec. of State, Div. of MERRICK ROAD, SUITES 209 & 210, of Org. filed with WA Sec. of State, Cert. of Form. filed with DE Sec. of Corps., Townsend Bldg., 401 Federal Corporations, PO Box 898, Dover, DE LYNBROOK, NY 11563. Purpose: 801 Capitol Way So., Olympia, WA State, 401 Federal St., Dover, DE St., Dover, DE 19901. Purpose: Any 19903. Purpose: Any lawful activity. any lawful purpose. 98501. Purpose: all lawful purposes. 19901. Purpose: any lawful activity. lawful activity.

20 | Crain’s New York Business | May 5, 2014 FOR THE RECORD

on May 15 for reconstruction of sanitary midtown. The fashion retailer will Realty, was represented by Henry sewers and appurtenances on Reon occupy the entire 19th and 20th floors of Goldfarb and Stanley Lindenfeld of Lee ABOUT THIS SECTION Avenue between Manor Road and Todt the tower, which overlooks Bryant Park. & Associates. The asking rent was $130 FOR THE RECORD is a weekly listing of information from the public record that Hill Road on Staten Island. Bid The tenant was represented by Stephen per square foot. can help businesspeople in the New York area find opportunities, potential documents are available at www.nyc.gov/ Bellwood and Nicola Heryet of Cassidy buildnyc. A $35 fee is required, payable Turley.The landlord was represented by ● Pita Grill signed a 12-year lease for new clients and updates on competitors. by check or money order to the New York Harry Blair and Sean Kearns of 2,700 square feet at 496 LaGuardia To ask questions or get more information on this section, contact Crain’s City Department of Design and Cushman & Wakefield.The asking rent Place. The panini shop’s ninth location, research department at [email protected]. Construction.To make inquiries, contact was $68 per square foot. and seventh in Manhattan, will replace Emmanuel Charles at (718) 391-2200 or burger chain Five Guys at the [email protected]. ● York Capital Management signed a Greenwich Village property. Both the long-term renewal and sublease at 767 tenant and landlord were represented by NEW IN TOWN ● Organic Avenue ● Department of Environmental Protection Fifth Ave. in midtown. The investment- James Famularo, senior director at 254 Park Ave. South, Manhattan Seeks competitive sealed bids by 11:30 management firm will add 7,200 square Eastern Consolidated. The asking rent Companies that would like to have details The juice bar opened its 11th location, a.m. on May 29 for bending weir feet on the 23rd floor to its existing was $120 per square foot. of openings published should submit and 10th in Manhattan, in the Flatiron installation in Jamaica, Queens. A prebid 53,400-square-foot space in the GM descriptions following this format to district. It also serves smoothies, salads, meeting will be held May 8 at 10 a.m. at Building. The tenant was represented by [email protected], with soups, coffee and dessert. 59-17 Junction Blvd., Flushing, Queens. L. Craig Lemle, Jason Perla and CEO STOCK TRANSACTIONS “New in Town” in the subject line. A $100 bid document fee is required.To Mitchell Steir of Studley.The landlord, make inquiries, contact Project Manager Boston Properties, was represented in- Following are recent insider transactions at ● Clinton Hill Library BANKRUPTCIES Wing Szeto at (718) 595-6204 or house by Adam Frazier and Andy New York’s largest publicly held companies 380 Washington Ave., Brooklyn [email protected] by May 15, or Levin. Asking rents in the GM filed with the Securities and Exchange The 40-year-old Brooklyn Public The following listings are selected from the Fabian Heras at (718) 595-4472 or Building range from $125 to $225 per Commission by executives and major Library branch reopened with improved most recent available filings by companies [email protected]. square foot. shareholders. Listings are in order of interior decor after five months of seeking bankruptcy protection in the transaction value.The information was renovations. The location now offers Southern and Eastern Districts of New ● School Construction Authority RETAIL obtained from Thomson Reuters. self-checkout, central air conditioning York. Information was obtained from U.S. Seeks competitive sealed bids by 10 a.m. ● Ulta Beauty signed a 10-year lease and heating, LEED lighting, an updated Bankruptcy Court records available on on May 14 for installation of video- for 11,400 square feet at the Mall at ● Philip Morris International Inc. (PM) information desk, new furniture and a Public Access to Court Electronic Records. surveillance cameras at four schools in the Bay Plaza (under construction in the Louis C. Camilleri, chairman of the drawable wall in the children’s room. Listings are in alphabetical order. Bronx. Bid documents are subject to a Bronx near Co-op City). The store will board, sold 90,000 shares of common $100 fee, payable by check or money be the national beauty product retailer’s stock at $83.12 per share on April 21, in ● Dish ● ConnectEdu Inc. order to the New York City School first location in the Bronx. The tenant a transaction worth $7,480,989. He now 57-42 Myrtle Ave., Queens 150 W. 30th St., Manhattan Construction Authority.To make was represented by Doug Bomzer, the directly holds 1,374,310 shares. The gastropub opened in Ridgewood. Filed for Chapter 11 bankruptcy inquiries, contact Lily Persaud at (718) late Beth Lamport and Jayson Siano of Dishes include a country breakfast, hand- protection on April 28.The filing cites 752-5852 or [email protected]. Sabre Real Estate Group. The ● JPMorgan Chase & Co. (JPM) smashed burgers and barbecue items. estimated liabilities of $10,000,001 to landlord, Prestige Properties & Daniel E. Pinto, co-chief executive, sold $50 million and estimated assets of GOODS AND SERVICES Development, was represented by Jerry 98,910 shares of common stock at ● In Support Of $1,000,001 to $10 million.The creditors ● City University of New York Welkis of Welco Realty.The asking $54.92 per share on April 14, in a 342 W. 13th St., Manhattan with the largest unsecured claims are Requests proposals by 4 p.m. on May 28 rent was in the low $100s per square transaction worth $5,431,673. He now The clothing store opened in the New Market Education Partners, owed for vending services at certain CUNY foot. directly holds 287,210 shares. meatpacking district. It features a variety $1 million; OSF Global Services Inc., colleges. The contractor must provide of brands from lesser-known designers owed $145,570.36; and Nelson Mullins quality products and state-of-the-art ● Barry’s Bootcamp signed a 10-year Matthew E. Zames, chief operating and local clothiers. Riley & Scarborough, owed $127,831.24. equipment, and achieve growth and lease for 8,000 square feet at 419 officer, sold 97,581 shares of common profitability in vending sales throughout Lafayette St. in NoHo. The fitness stock at $54.91 per share on April 14, in ● Kenig + Alcone ● Genco Shipping & Trading Ltd. CUNY. Submit a one-page letter of center will be the company’s largest a transaction worth $5,357,968. He now 538 Sixth Ave., Manhattan 299 Park Ave., Manhattan interest to Paul Fallon at location in New York City.The tenant directly holds 173,580 shares. The hair and beauty superstore opened in Filed for Chapter 11 bankruptcy [email protected] or 230 W. was represented by Neal Ohm of Neal .The two-story flagship protection on April 21. The filing cites 41st St., fifth floor, New York, NY Cabot Ohm. The landlord, an ● Hess Corp. (HES) location, a spinoff of Ricky’s, offers hair estimated liabilities of more than $1 10036. To make inquiries, contact Mr. undisclosed private investor, was Mykel J. Ziolo, senior vice president of and makeup classes, as well as various billion and estimated assets of more than Fallon at (212) 397-5614. represented by Catherine O’Toole and human resources, sold 31,095 shares of product brands, including Alcone. $1 billion. The creditors with the largest Stephen Tarter of CBC Alliance. The common stock at $88 per share on April unsecured claims are Bank of New York ● Housing Authority asking rent was $100 per foot. 22, in a transaction worth $2,736,360. ● Space Ninety 8 Mellon, owed $125 million (exclusive of Requests proposals by 2 p.m. on May He now directly holds 51,557 shares. 98 N. Sixth St., Brooklyn interest); Wallem Ship Management 15 for copywriting the New York City ● Carter’s Babies and Kids clothing store The Urban Outfitters concept store Ltd., owed $7,766,104.13; and Chengxi Housing Authority’s 2013 annual signed a lease for 4,200 square feet at ● Time Warner Cable (TWC) opened in Williamsburg. The multilevel Shipyard and Co., owed $2,584,900. report. The winner will be awarded a 215 W. 125th St. in Harlem. The shop Robert D. Marcus, chief executive, sold spaces include gallery space, in-shop one-year professional-services will be the company’s first location in 16,000 shares of common stock at pop-ups, shoes, accessories, music, ● JSP Life Agency Inc agreement. Bid documents are available Manhattan. The tenant was represented $135.62 per share on April 21, in a books, home goods, a restaurant, a 279-281 E. 204th St., Bronx at www.nyc.gov/nychabusiness. by Marc Durst of Sholom & transaction worth $2,169,968. He now phone-charging station, and rooftop and Filed for Chapter 11 bankruptcy Nonelectronic documents are subject to Zuckerbrot. The landlord, Cogswell directly holds 61,281 shares. Ⅲ basement installments. protection on April 23. The filing cites a $25 fee, payable by check or money estimated liabilities of $500,001 to $1 order to the NYCHA Finance ● Tinto million and estimated assets of $0 to Department. To make inquiries, 715 Nostrand Ave., Brooklyn $50,000. The creditors with the largest contact Meddy Ghabaee at DEALS ROUNDUP The coffee and pastries shop opened in unsecured claims are Jose N. Rodriguez, (212) 306-4839 or meddy.ghabaee Crown Heights. It sells Nunu chocolates owed $218,850; Juan D. Sanchez, owed @nycha.nyc.gov. TRANSACTION SIZE and a selection of Blue Marble ice cream. $50,000; and Jose N. Rodriguez, owed TARGET/SELLERS (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE an additional $33,000. REAL ESTATE DEALS 15% of Contract 4 $1,000.0 PTTEP International, PTTEP FB M&A ● project and 35% of Offshore Investment Co. COMPANY MOVES Queen of Hearts Cruises Inc. Sinphuhorm project/ 1632 York Ave., Manhattan Companies that would like to have details Hess Corp. (Manhattan) Companies that would like to have details Filed for Chapter 11 bankruptcy of their recent transactions appear in these Le Meridien Étoile $415.1 Mount Kellett Capital Management FB M&A of recent moves published should submit protection on April 25.The filing cites listings should email descriptions following Hotel/Starwood (Manhattan) descriptions following this format to estimated liabilities of $1,000,001 to this format to MSingleton@crainsnewyork. Capital Group [email protected], with $10 million and estimated assets of com, with “Real estate transaction” in the Kö-Galerie on Königsallee, $413.8 Allianz Real Estate Holding SB M&A “Company Moves” in the subject line. $1,000,001 to $10 million.The creditors subject line, or enter them online at Düsseldorf, Germany/ with the largest unsecured claims are the crainsnewyork.com/submitadeal. Deals are Blackstone Group (Manhattan); ● Handsome Dan’s Internal Revenue Service, owed $41,084; listed in order of square footage. ECE Projektmanagement 186 First Ave., Manhattan Fino Restaurant, owed $35,860; and GmbH & Co. KG The Williamsburg snow-cone and Broadcast Music Inc., owed $30,105.82. COMMERCIAL Cove Financial Group Inc./ $251.5 Jacobs Asset Management GCI candy shop opened a location in the East ● Cisco Systems signed a 10-year lease not disclosed (Manhattan) Village. It offers fresh cotton candy in renewal for its 81,000-square-foot space Pure Storage Inc./ $225.0 Redpoint Ventures, Sutter Hill Ventures, GCI Earl Grey and rose flavors, plus fresh- GOVERNMENT CONTRACT at 1 Penn Plaza in midtown. The not disclosed Index Ventures, Fidelity Investments, squeezed lemonade. OPPORTUNITIES computer networking equipment Wellington Management Co., manufacturer will continue to occupy T. Rowe Price Associates, ● Insomnia Cookies Following are selected contract the ninth floor at the 57-story office Tiger Global Management (Manhattan), 299 E. 11th St., Manhattan opportunities recently announced by New tower. The tenant was represented by Greylock Partners The bakery debuted a store in the East York City agencies.To learn how to sell Lisa Kiell and David Kleiner of JLL. Village. It serves and delivers fresh goods and services to city government, visit The landlord, Vornado Realty Trust, was 44 retail properties/ $190.0 Herrick Co. GCI Fortress Investment cookies, brownies and ice-cream www.nyc.gov/selltonyc. For a searchable represented in-house by Craig Panzirer Group (Manhattan) sandwiches until 3 a.m. database of current procurement notices, and Jared Silverman. The asking rent visit www.nyc.gov/cityrecord. Listings are starts at $60 per square foot and Selected deals announced for the week ended April 26 involving companies in metro New York. ● FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing Kung Fu Tea alphabetical by category and department. increases to the mid-$60s during the shares of a company with the participation of a financial buyer. GCI: Growth capital investment 28 St. Marks Place, Manhattan course of the lease. represents new money invested in a company for a minority stake. SB M&A: Strategic buyer The bubble-tea chain opened an outpost CONSTRUCTION SERVICES M&A represents a minority or majority acquisition of existing shares of a company without the in the East Village. It also serves ● Department of Design and Construction ● Vince LLC signed a 10-year lease for participation of a financial buyer. source: capitaliq espresso drinks and slushes. Seeks competitive sealed bids by 11 a.m. 33,000 square feet at 500 Fifth Ave. in

May 5, 2014 | Crain’s New York Business | 21 IN THE BOROUGHS BRONX

soccer stadium must in- clude a clause that not Company gets a lift only guarantees the company a fair price for Continued from Page 3 evator doors is being tested on the its land,but also relocates and any stadium plan must ensure, factory floor, opening and closing at GAL within the Bronx before anything else, that this com- random intervals to reveal only on the Yankees’ dime. pany and the jobs they create remain more space behind them. The visu- Ironically, the bottom within our borough,”insisted Bronx al effect of this “elevator to nowhere” line for GAL is that the Borough President Ruben Diaz Jr. could be taken from the opening of loss of its longtime home For local a sci-fi movie about time travel, and could become an oppor- politicians like as such it is an apt metaphor for a tunity for it to turn a 98% Mr.Diaz,the idea stroll around GAL’s headquarters— EXIT STRATEGY: If GAL profit while upgrading GAL’S SHARE of trading a one of the last bastions of large-scale loses its home, it could its operations. of NYC elevator proven job pro- manufacturing in the city. end up with something components Standing outside the market ducer for the risky The expansive lower floor houses even better. factory’s loading bay, opportunity to machinery ranging from enormous which looks down over build a stadium units fabricating long strips of steel to the Metro-North railway

30K that would house small furnaces melting aluminum. buck ennis tracks toward the Major NUMBER of parts a new team play- The strips will become part of the sys- Deegan Expressway, Mr. in GAL’s catalog ing a relatively tem that opens and closes the doors. of New York’s Industrial and Tech- Those parts are made by a high- Witham acknowledges that shifting unpopular sport The molten aluminum will be poured nology Assistance Corp. “They’ve ly skilled workforce, many of whom GAL’s operations to a new location 44 is not immediate- into molds for elevator buttons. been able to adapt to the industry.” are Eastern European or Asian im- would be a Herculean effort, but he YEARS spent at ly enticing. But Meanwhile,in a sterile room upstairs, Today,GAL makes thousands of migrants and are long serving. The also sees opportunities lurking in a current location for now at least, workers in static-proof paper robes elevator parts and ships them all company estimates that about a new home. GAL claims that engineer the circuit boards that will over the world. third of the workers at the 153rd “We don’t have a loading dock,”he the stadium issue is serving only as a be part of the elevator’s brain. “They are in the Statue of Liber- Street plant hail from the Bronx. said, motioning to the narrow, one- mild distraction from its booming “They’re a very interesting com- ty, and 10 Downing Street,” said With all that going for it, local level area where GAL can load trucks business. bination of a traditional manufactur- Doug Witham, GAL’s vice presi- officials like Mr.Diaz are keen to see only with a forklift. “If we had one or The company has indeed come a ing firm and a modern technology dent of sales and marketing and a GAL survive. They insist that any two docks in a new location, it would long way since 1927, when a trio of firm,” said Sara Garretson, president 14-year veteran of the company. contract for the building of a new be enormously useful.” Ⅲ friends pooled their savings of $900 and began repairing and fabricating elevator parts across the Harlem ment district, to the New York City this neighborhood.” River in Manhattan in the basement FROM Department of Transportation’s Other readers complained that of a building at 178th Street and AROUND NYC Plaza Program and to City the plazas would worsen existing Amsterdam Avenue.By 1970,one of Council Majority Leader Jimmy problems in the area, including the the original three,German-born en- THE CITY Van Bramer, D-Queens. heavy foot traffic from 7 train com- gineer Herbert Glaser, had assumed QUEENS “Through this innovative pro- muters and the possibility that the full control of the company, and in gram, we will expand the amount of plazas would attract more homeless that year relocated GAL to a space Sunnyside up public space that is available to people. Noise from cars speeding across the street from the first-base everyone in the community,” said on Queens Boulevard might also line of the old Yankee Stadium. for two plazas Mr. Van Bramer. make it difficult to relax in the Today, GAL is a multinational Sunnyside will soon get two new Not everyone is pleased with the plazas. concern under the direction of Her- pedestrian plazas under the elevated news. On SunnysidePost.com, an The plazas will be maintained by bert Glaser’s sons, Walter and Her- 40th Street and 46th Street stops on online community newspaper, some the BID. Construction in the two bert Jr., with a fully owned sub- the No.7 train along Queens Boule- readers voiced concerns. One, writ- locations will start this summer and marine cole sidiary in Canada and partnerships vard.The plazas stem from success- ing under Sunnysideposthatesme14, will include chairs, benches, GOOD NEWS DOWN UNDER: Pedestrian in Australia and Asia.At its flagship ful applications made by Sunnyside called it “yet another idiotic idea with planters and moveable tables. plazas are planned beneath a pair of 7-train plant in the Bronx, a large set of el- Shines, the local business improve- people completely out of touch with —marine cole stops along Queens Boulevard. Wall Street funds cancer-research up-and-comers

ceive $200,000 annually for three Adolfo Ferrando of Columbia Uni- Bill Ackman invests years. The money will fund projects versity Medical Center, Dr. Ross in young research that are “innovative and a little Levine of Memorial Sloan- risky,”the type that the NIH avoids, Kettering Cancer Center, Dr. Aga- scientists. Here are added Ms. Flatto. ta Smogorzewska of Rockefeller the first six to benefit The new prize doesn’t just aim to University, Lloyd Trotman of Cold support young researchers’ boldest Spring Harbor Laboratory and Si- work; it also fosters collaboration hong Wang of CUNY City College. BY BARBARA BENSON among scientists, academics, in- vestors, and the biotech and phar- Rare disease Home to some of the top medical in- BEHIND THE PRIZE: maceutical industries. Foundations Dr. Smogorzewska, a physician- stitutions in the country, New York Bill Ackman supports often back cancer research, but the scientist who heads Rockefeller’s City attracts millions of dollars in researchers “at a Pershing Square Sohn Prize goes Laboratory of Genome Mainte- annual federal research funding. So critical stage in their further. nance,works with a rare genetic dis- why does Bill Ackman—a billion- careers.” “We will expose scientists at an ease called Fanconi anemia. Chil- aire hedge-fund manager now in the early stage in their careers to men- dren with the disease are highly headlines for his bid to buy Botox tors in industry. This type of rela- prone to cancer. maker Allergan—think the city’s bloomberg news tionship usually only happens later “We are getting very unique in- scientists can be better and bolder? in their careers,” said Ms. Flatto, sights into how the tumors develop,” “I’m a huge believer in young peo- Mr. Ackman’s Pershing Square atric cancer research. herself a former medical researcher. said Dr. Smogorzewska, who is 41. ple,” Mr. Ackman said last week, de- Capital Management funds the “These are the stars of the re- The early-career mentoring helps The native of Poland has an NIH scribing his hopes to provide funding Pershing Square Foundation. Last search world,who don’t have a lot of scientists to step outside the academ- grant, but foundation backing, she for “the most talented researchers at year, it teamed up with the Sohn red-carpet moments like this,” said ic world to see drug discovery from said, “allows you to be bold and take a critical stage in their careers.” Conference Foundation in a $25 Olivia Flatto, executive director of another viewpoint. “It’s like learning risks that the NIH would not allow.” New York state has attracted million alliance, whose first initia- the Pershing Square Sohn Cancer a new language a little earlier, so you She will use her prize money $628 million this year from the Na- tive is the Pershing Square Sohn Research Alliance. become more fluent earlier,”said Ms. mostly to fund the cost of expensive tional Institutes of Health.The fed- Prize for Young Investigators in Flatto. “This early collaboration ex- technology such as gene sequencing. eral agency funds incremental re- Cancer Research. The inaugural Risky projects poses them to relationships.” “I wouldn’t be able to get NIH search projects,not risky ones.It also class of six winners will be intro- The prize is aimed at young New The prize winners are Emily funding for this,” she said. “I’m new favors midcareer scientists, not duced Monday at the annual Sohn York City scientists,and the six cho- Bernstein of the Icahn School of in the genomics field, and we don’t young researchers. Investment Conference on pedi- sen from 64 applicants will each re- Medicine at Mount Sinai, Dr. have results yet.” Ⅲ

22 | Crain’s New York Business | May 5, 2014 the trio running the Queens Muse- the past few years.Ticket prices that um until a permanent replacement range from $15 to $20 are certainly Queens’ cultural star rises for Mr.Finkelpearl is found,said the one reason, but Mr. Hitt added that renovation was necessary to give vis- the shows often feature nontradi- Continued from Page 1 and her mother founded the Queens The spotlight shone brightly on itors the best experience possible. tional works, and audiences enjoy neighbor, the Queens Museum, Council on the Arts. And Queens’ Queens when the Museum of Mod- “You have to make it be worth the seeing something new. doubled its size in 2013, and later Jimmy Van Bramer is chairman of ern Art temporarily moved from trip,” he said. Another factor solidifying this year the nearby New York Hall the City Council’s Cultural Affairs in 2002, yet it Queens as a cultural hub is how of Science will unveil a refurbished Committee. regressed when MoMA left two Entertainment mix services such as restaurants and ho- Great Hall. Last month, the Amer- “I don’t want to say that this is an years later.“Queens just doesn’t seem Finding the right formula to lure tels have followed the arts organiza- ican Folk Art Museum said it would explosion of culture,” said Mr. Van to get the press,” said Kerry Mc- patrons can be tricky. The Queens tions, their workers and patrons to open an annex in Queens, and the Bramer. “We are building on what Carthy, a program officer for arts Theatre lost money a few years ago the borough. Last year, Jamestown, area around Kaufman Studios in As- we had.” grants at the New York Community by mounting productions that fell the company that owns the Chelsea toria was proclaimed a cultural dis- Trust. “But Queens has really got it short of box-office expectations. It Market, opened the Falchi Building trict. going on.” used a special fund to wipe away its in Long Island City, a mixed-use “Queens is having a moment,and ‘It doesn’t get Some of that came about during deficit, and now Ms. Sacramone is development with office space and we want to be a part of that,”said Ms. the Bloomberg administration. It looking for the right mix of enter- gourmet shopping, as well as areas Sacramone, who was appointed last the press, but agreed to pay $25 million to refur- tainment to fill the theater’s three for local artists to display their work. August after a successful tenure at bish the Hall of Science’s Great Hall. different spaces. She also hopes to Like Chelsea, Long Island City another Queens institution, the As- Queens has Attendance at that institution has be able to expand dining options be- is a hive of galleries,albeit on a much toria Performing Arts Center,where grown about 8% in five years.Mean- yond the facility’s simple concession smaller scale. “The businesses in she increased the budget fourfold got it going on’ while, the Museum of the Moving stand. Falchi reflect the community,” said and expanded programming. Image,at Kaufman Studios,benefit- “You want to give people a night Richard Mazda, executive director ed from a largely city-funded reno- out,” she said. Preferably an afford- of LIC Arts Open, an arts festival Cultural commissioner vation completed in 2011. Its num- able one. High prices in Manhattan that will mark its fourth anniversary Perhaps the biggest sign that ber of visitors is expected to increase and Brooklyn have driven more from May 14 to 18.This year, it will Queens’star is on the rise was the ap- 20% this year. people into Queens. (In fact, Asto- host 85 events and exhibits in vari- pointment of Tom Finkelpearl as the The borough’s roster of arts insti- Mr. Van Bramer pushed for the ria is now commonly referred to as ous sites in the neighborhood, up city’s cultural commissioner. Mr. tutions is impressive. Queens is new Kaufman cultural district even “Actoria” because of all the theater from 30 last year. Finkelpearl was the Queens Muse- home to MoMA PS1, the Noguchi though it received no money from professionals residing there.) Inex- “It’s taken off,” he said. “Art is um’s executive director who oversaw Museum and the Obie Award- the city, unlike downtown Brook- pensive tickets, combined with still a pretty well-kept secret here.” its expansion. The commissioner, winning Chocolate Factory Theater. lyn’s cultural zone.He hopes the des- quality performances, have boosted He said he believes Queens has who starts this week, will have a Yet Kings County gets most of the ignation will create an identity that attendance at borough theaters. more artists’ studios than Brooklyn, budget of $156 million. love, thanks to its world-renowned will bring more arts-related busi- Steven Hitt, managing director “although I don’t want to start a war Culture connections abound in Brooklyn Academy of Music and nesses and groups to the area. of the LaGuardia Performing Arts with my friends there.” Ⅲ the borough’s politics. The father of Brooklyn Museum, not to mention Cultural organizations create Center in Long Island City, says at- new Borough President Melinda its trendy lifestyles and fashionable jobs, character and stability, experts tendance at its plays, dance and mu- LISTEN to a discussion at Katz started the Queens Symphony, neighborhoods. said. David Strauss, who is part of sic performances has increased in CrainsNewYork.com/podcasts

five openings at any given time of Star chef’s jobs plan the year. Roger Turgeon, the principal of Food and Finance—and a former Continued from Page 1 number the company began system- professional chef—is open to work- connects restaurants and employees. atically tracking last year, expecting ing with Dinex to ramp up the pro- “People talk about the long-term to have a full year of data in 2014. gram, provided that the internship- unemployed, but for the restaurant The plan involves recruiting a apprentice track has an educational industry it’s the opposite: The posi- handful of New York City high- component that involves at least an tion goes unfilled,” he said. school students into its kitchens in associate’s degree. With the number of eateries in- September, when they will start in- creasing more than 40% during the ternship programs to learn basic Easy to train past decade, to more than 20,000 in skills from Mr. Boulud’s elite staff. “One of my primary concerns is the city, the market has become ex- Then, upon graduation, they would to continue our students’education,” tremely competitive, especially be eligible to become apprentices at said Mr. Turgeon. “I wouldn’t want among culinary-school graduates, the Dinex Group. them to do this without the commit- whose skills are in high demand. “We are in the early stages of out- ment for a formal education.An em- Though restaurants are starved for lining what the partnership would ployer is always going to give the workers, they can’t compete against be,” said Diallo Shabazz, senior di- person with a degree the promotion each other on pay because their rector of partnerships and sustain- over someone who doesn’t have a de- profit margins are thin and they are ability education with the DOE, gree,” he pointed out. buck ennis loath to raise their menu prices for adding that it could “create a talent SOON-TO-BE CHEFS: Apprentice programs like Daniel Boulud’s could help solve the shortage. Schools like Food and Finance fear of driving diners away. pipeline” for Dinex and become a would be responsible for vetting template the city could implement which students would be eligible for Flat wages with other employers. Mr.Boulud learned his craft as an serve as interns in its the program with Dinex and other That has kept wages low.Despite The DOE oversees 13 technical apprentice, not in culinary school. kitchens since 2010, assigning one potential participants. high demand, the average annual culinary schools and has placed stu- Even so, culinary-school gradu- student to each of its nine restaurants. While DOE fleshes out the de- salary in the food-service sector in dents in internships for years—with ates have an edge in the market- “We take high-school interns tails of a standardized apprenticeship the city was $25,025, including tips, companies such as Union Square place. The unemployment rate for with the hope that they work for us program, it is in discussions with in 2012, or just 2% more than in Hospitality Group and Bryant Park them is low to nonexistent. while they are in [college or culinary food-industry insiders and hosting 2011, according to New York De- Grill—but it has never had a culi- “The job market for our students school],” said Sabato Sagaria, chief symposia to learn what skills stu- partment of Labor data.The growth nary apprenticeship program like is very strong,” said Maureen Drum restaurant officer of USHG. “It’s dents need to learn to be successful. of fast-food and “quick-casual” the kind that is popular in Europe. Fagin,director of career services and like a three-month hiring process. “We have been hearing that restaurants—which pay $8 an hour, Those typically last two years and administration for the Institute of We have to be more creative about younger workers are more eager to compared with companies like Mr. result in full-time employment. Culinary Education, which charges the doors we are knocking on.”Each learn new skills, and are easier to Boulud’s Dinex Group that start Restaurateurs believe that culti- up to $36,840 for a degree. These USHG kitchen has about three to train,” said Mr. Shabazz. Ⅲ kitchen workers at $11 or $12 an vating their own talent will lead to days, ICE students do more ad- hour—may also contribute to stag- greater employee loyalty—or so they vanced kitchen work as part of their CORRECTIONS nating wages. But even $12 an hour hope. Culinary schools, they say, practical training. is tight for employees given the high have contributed to high turnover “Years ago,they were doing pure- A hospital costing $618 million to $800 million proposed for the Long Island College Hospital site cost of living in New York. rates because their graduates often ly prep tasks,” said Ms. Drum Fagin, would have 400 beds. The number of beds was misstated in the April 28 “Losing bidder files protest.” Unilever signed a deal for 30,000 square feet at 99 Hudson St. The company’s name was misspelled Mr.Boulud is cooking up at least carry hefty loans and will switch jobs “but because of the acute shortage of in the April 28 Real Estate Deals. a partial remedy. His business part- for even small increases in pay. staff,they are going on the line soon- Biz2Credit links borrowers and lenders such as Accion USA, and U.K.-based Funding Circle recently ner, Lili Lynton, reached out to the “We appreciate that they have er to get to a higher level.” bought U.S.-based Endurance Lending Network. Accion’s and Endurance’s names were misstated in DOE about a month ago to address these skills, but they are skills they The DOE’s internship program the April 28 “The evolution of banking.” Dinex’s increasing turnover rate—a could learn on the job,” said Ms. has also been a source for employers. Towers Watson’s Liazon is based in Buffalo and New York City. This fact was misstated in the April 14 Lynton. “This is about retention, Union Square Hospitality Group,for “Big benefits on a small dime.” LISTEN to a discussion at not saving money” on younger, less- example,has had students from Food Alfred Griffin is president of the New York Green Bank. His surname was misspelled in the April 14 CrainsNewYork.com/podcasts skilled workers, she said. and Finance High School on West “Banking on clean energy programs.”

May 5, 2014 | Crain’s New York Business | 23 FLA. INVESTOR WAITS IN LICH WINGS THE FATE OF MONEY-LOSING Long Island College How not to save a B’klyn hospital Hospital in Brooklyn again tumbled into uncertainty last week, when Brooklyn Health Partners, which Continued from Page 1 tempt to disqualify BHP as pur- Dunn & Crutcher. won the right to negotiate exclusively with the any other industry. SUNY had chaser without allowing us the op- The scoring language in hospital’s owner, the State University of New York, been blocked from dealing with an portunity to further discuss these SUNY’s request for proposals is a lost the support of Mayor Bill de Blasio and the asset on its balance sheet because matters is simply a failure on mathematician’s nightmare: 70% of unions that represent LICH employees. BHP, in turn, health care is a public good, a ma- SUNY’s part to act in good faith.” a score depended on the technical sued SUNY, alleging it had negotiated in bad faith. jor employment sector and a light- Late Friday, Judge Johnny Lee health care aspects of the proposals; Brooklyn Health Partners said on Friday that it ning rod for political action. Baynes did not intervene, giving 30% was based on bids’ financials. was “prepared to close its transaction” with SUNY

LICH’s fate, it seems, is everyone’s BHP until Monday to close its deal. Representatives of the groups that on May 5. getty images business. The current impasse is only the had sued SUNY had 49% of the If talks collapse, however, Donahue Peebles, DONAHUE PEEBLES calls The result has been a saga that latest twist in a 15-month war trig- technical vote, but no input on the himself the largest African- whose proposal to buy the Cobble Hill complex and American developer in the has kept a money-losing hospital gered on the morning of Feb. 8, finances. Each element was to be turn it into a mix of housing and outpatient clinics country. open, cost the state tens of millions 2013, when SUNY’s board voted to weighted but the scoring system was rated No. 2 in a scoring process, would be next of dollars, and led to the selection close LICH. doesn’t say how. up to negotiate with SUNY. Mr. Peebles, a Florida real estate investor who of a bidder, Brooklyn Health Part- Unions made it clear they would Crying foul has had limited experience in New York City real estate and no experience ners, that SUNY asserts is unable fight to preserve their members’ operating medical facilities, came in second place in the bidding process The health care industry was col- to follow through on its plan to jobs. “We will do everything in our and would have the chance to buy LICH. Unlike BHP, Mr. Peebles’ health temporarily take over the hospital lectively shocked when the winner power to make care partner, North Shore-LIJ Health System, would be eligible for a sometime after it closes May 22. sure this disas- was Brooklyn Health Partners, a temporary license to operate LICH after SUNY shuts it down. “If you tried to write a farce trous closure is 9 concern put together by a California about hospitals, finance and poli- avoided,” NUMBER OF developer and a former Harlem Mr. Peebles bills himself as the biggest African-American real estate tics in New York, you’d be unlikely George Gre- BIDDERS community-board chairman with developer in the country. Last week, in an interview with CNBC, he said he’d responding to a be interested in buying the Los Angeles Clippers from owner Donald Sterling, to beat the reality taking place sham, president request to no health care experience. around this institution,” said a of 1199 SEIU redevelop Long One losing bidder cried foul. whose racist comments led to his lifetime ban from the NBA. health policy expert who requested United Health- Island College Trindade Value Partners,a private- Mr. Peebles’ previous forays into New York have produced mixed results. In anonymity because of his dealings care Workers Hospital equity firm, lodged a formal 2009, he lost a bid to develop an electronic casino-gaming facility and with government and politicians. East, said in a protest in April with the state restaurant and bar at the Aqueduct Race Track. Malaysian casino operator Community activists, unions statement that comptroller’s office. “I believe that Genting won the racino contract. Mr. Peebles made his first deal in the city and politicians had hoped to create day long ago. NUMBER2 OF SUNY made a mathematical error last year, when his firm won an auction to buy the city-owned office building a bidding process that would lead Careful what COUSINS among in calculating the scores,” said the 346 Broadway for about $160 million. At the time, he told Crain’s that he to the selection of an entity to op- you wish for. the bidders company’s president, Derek planned to convert the property into a hotel with residential condos above. erate the hospital temporarily.That The courts kept Oubre. For LICH, Mr. Peebles’ firm put together a well-regarded plan to turn the did not happen. BHP was selected LICH open. The complaint by Mr. Oubre, a facility into a mix of nonhospital medical space and residential based on its promise to build a full- But they also distant relative of BHP President apartments, more than 30% of which he has pledged to build as affordable AMOUNT$15M OF service facility. But the group did approved a set- LOSSES incurred Merrell Schexnydre, only under- housing—a ratio that other bidders in the hotly contested auction immediately not have on its team a health care tlement in Feb- each month at scores the chaos surrounding the rushed to match. Mr. Peebles also has claimed that his plan will employ more partner licensed in New York to ruary that gov- near-empty LICH court-sanctioned bidding process. minority- and women-owned development partners than the other bidders. operate a hospital. erned how Mr. Oubre’s formal protest will Now that Mr. Peebles is in the spotlight with LICH, bitter rivals for the SUNY could dispose of LICH. be just one of the factors the comp- project have been quick to point out his controversies. The city’s Court fight The settlement, hailed by Mr. de troller’s office will consider when it Department of Investigation, for instance, is looking at Mr. Peebles’ hiring Last week, SUNY determined Blasio, created a convoluted scor- has its say on the SUNY contract earlier this year of Tawan Davis, a former executive at the city’s Economic that BHP was “unable to perform ing system to evaluate the nine bids with BHP, or with runner-up Development Corp. who was part of the city team that sold Mr. Peebles its proposal submitted in response to redevelop the hospital. The sys- Donahue Peebles (see sidebar)— 346 Broadway. The investigation is being done ostensibly to look at to the RFP,” its lawyer wrote on tem favored proposals that offered or with whatever entity is in that whether the hiring in any way could present a conflict of interest for Mr. April 30 to BPH’s legal team from to replace LICH with a full-service final document. Davis, though the city Department of Investigation declined to comment. Pillsbury Winthrop Shaw Pittman. institution, yet it appears to have As part of its review, the comp- Several sources familiar with that investigation say that the inquiry alone That letter led Mayor Bill de given little consideration to a plan’s troller’s office will consider “any le- doesn’t suggest any wrongdoing Blasio and health care unions to feasibility. gal actions,protests and what is the . And a spokesman for Mr. Peebles withdraw their support for BHP— The scoring system was a result best deal for the taxpayers of New presented a letter from the City Conflict of Interest Board in April in which it which then sued. BHP “fully in- of bargaining between SUNY and York,” said a spokeswoman. Ⅲ expresses an opinion that Mr. Davis’ hiring was appropriate as long as he tends to do what it said it would do,” the coalition of plaintiffs represent- does not work on the 346 Broadway project for Mr. Peebles. the Pillsbury lawyers shot back a ed pro bono by Jim Walden, a LISTEN to a discussion at –DANIEL GEIGER CrainsNewYork.com/podcasts day later. “Your refusal, and any at- white-collar litigator from Gibson

to produce significantly less green- purchase of the Hess assets is also cent to the Brooklyn terminal. He house gas than many traditional fu- drawing praise. predicts it will turn out as much as Cats goes green els. Shelby Neal, director of govern- “We like to see Hess’gallons sold 50 million gallons of biodiesel a year. mental relations for the National by a local New York City distribu- Since 2012, oil and fuel insiders Continued from Page 3 Gristedes supermarkets has been re- Biodiesel Board, said that environ- tor, especially since his company is had been curious about Mr. Catsi- ConocoPhillips petroleum terminal duced to 32 down-at-the-heels mentally the deal is a grand slam. pretty much a hands-on operator,” matidis’intentions.The purchase of in Riverhead, L.I., in 2012, and his stores, from a height of 100 markets “New York City has a lot of feed- said John Maniscalco, president of the business from Hess ends the purchase at a bankruptcy auction of once viewed as high-end. In his po- stock, like used cooking oil from the New York Heating Oil Associ- mystery. The deal gives his oil and a nearly complete Brooklyn biofuel litical campaign, he ended up 10,000 restaurants,” Mr. Neal said. ation. biofuel company a sales outlet, and processing plant in 2013 that will be spending what amounted to a “If you’re going to have all that feed- direct access to hundreds of large the largest in the Northeast, makes whopping $419 for each vote he re- $6M personal check apartment buildings, industrial United Metro one of the largest ceived, more than double what The deal is the latest in Mr. Cat- complexes and big commercial players in New York’s heating-oil Michael Bloomberg spent in 2009. ‘I’m not a simatidis’ quest to expand his ener- buildings in the city and New Jer- industry. The deal also makes the But while Mr. Catsimatidis has gy footprint, which began 20 years sey. Better yet, it comes at a time company’s owner, estimated to be toyed with elective office,he has also 100% green ago with his purchase of oil compa- when the city is trying to increase worth $3 billion, the biggest indi- quietly been bulking up his fuel ny United Refining out of bank- the amount of biofuel used in heat- vidual fish in that market. business by purchasing companies person, but I’m ruptcy—he wrote a personal check ing oil. It’s a big role, one that seems to out of bankruptcy and gobbling up for $6 million. In other words,it’s a good time to suit Mr. Catsimatidis mightily, processing and refining facilities. not against it’ That evolution quickened in be in the biofuel business. though with at least one caveat. But it is his acquisition of the 2012, when he bought the “People always refer to me as the “I’m not leaving,” he said, slap- Brooklyn biodiesel facility that has ConocoPhillips terminal. A year supermarket so-and-so,” Mr. Catsi- ping his hand on the table in an in- earned him a whole new identity: later, he purchased Metro Fuel Oil matidis said. “But our two main terview at his modest pinewood- environmental champion. Corp. out of bankruptcy, a deal that businesses right now are energy and paneled 11th Avenue office. “We’re stock,it makes sense to take it across included a large terminal complex in real estate.” investing more … in energy and real Tapping restaurants the street and turn it into biodiesel.” Greenpoint, Brooklyn, and a small- He cites “sentimental reasons” estate. Just, unfortunately,not in su- Green groups like the New York That said, Mr. Catsimatidis ad- er one in Calverton, L.I. Following for his decision to keep his last 30 permarkets.” League of Conservation Voters laud mits to being somewhat ambivalent that transaction, he grandly re- Gristedes locations alive. It was those supermarkets that the transaction as one that will result about his newfound environmental branded Metro as United Metro “You know why?” he said. “I cry earned him his vast wealth, but also in the greater use of biofuel,which is correctness. Energy Corp. every time we close a store.” Ⅲ proved to be somewhat of an alba- refined from grease and used cook- “I’m not a 100% green person,” Mr. Catsimatidis’ biodiesel pro- tross during his quixotic run for ing oil from restaurants and delis he said. “But I’m not against it.” cessing facility, now scheduled for LISTEN to a discussion at mayor last year. Today, his chain of across the city and has been shown Meanwhile, Mr. Catsimatidis’ completion early next year, is adja- CrainsNewYork.com/podcasts

24 | Crain’s New York Business | May 5, 2014 HELLUVA TOWN INSIDE Source Lunch Kyle App sets stage Kimball on NYC for B’way rush tix development PAGE 26 Looking for a last-minute ticket Out and About to one of those Tony-nominated Broadway shows? TodayTix,a The Outsider Art Fair mobile application, allows comes in PAGE 27 theatergoers to secure a seat with a few taps on the phone and sometimes lower fees than other options. Users can scan a credit card to save time, or punch in their account number. Launched last December by Tony-winning producer Merritt Baer and investor Brian Fenty, TodayTix is on track to sell more than 100,000 Broadway tickets this year, the duo said. Last month, TodayTix closed its second round of financing, raising $1 million, bringing its total to $1.5 million. Investors include restaurateur Danny Meyer, Rubicon Venture Capital and Tony-winning producer Elizabeth Williams. Ticket buyers seem to like the app.TodayTix says that 37% of its customers are repeat buyers. Some are undoubtedly drawn by contests that allow users to win prizes like a backstage Champagne toast with After Midnight’s Vanessa Williams. Such perks come through the founders’ industry relationships. The Broadway League said less than 1% of Broadway tickets are currently purchased on mobile devices. However,TodayTix executives say the app will help expand the audience and push the industry into the digital age. In fact, its average ticket buyer is 11 years younger than the typical TWEET ABOUT IT: Broadway goer, Cave dwellers are who is nearly charged with using 43. “Broadway social media to draw has always been a younger audience slow to to the national change,” said pastime. Mr. Fenty. TodayTix charges a $5 fee for off- Broadway todaytix todaytix shows and $10 for Broadway. By contrast, a recent ticket to Bullets Over Broadway on Telecharge carried a service charge of $11.25, while the levy on a ticket to All the Way on Ticketmaster was $9.75.Those fees can run higher, Inside however, especially if the tickets are mailed. TodayTix’s Broadway fees are Eight millennial superfans live and breathe—and post— higher than off-Broadway because Broadway theater owners do not every game, all season long, at MLB’s Fan Cave currently work with the company. The Shubert Organization owns Telecharge, while Nederlander’s buck ennis authorized ticket agent is Ticketmaster. Shubert declined to BY JEN GELLER IT’S A HIT comment, and Nederlander and Jujamcyn, the other major Broad- aniel Frankel and Keith McPherson are like many people in their 20s way theater owner, didn’t return calls. Mr. Baer said the owners want living in New York. Now at their first real jobs out of school, they head to 3M the young company to prove itself. their Greenwich Village office every day to work, often putting in 12- NUMBER of the Fan Cave’s That’s forcing the tech firm to social-media followers, up break a sweat to make a sale. When hour days, seven days a week. ¶ But they aren’t junior bankers or first- from 250,000 at the end of TodayTix gets an order for a year associates at a law firm, or even working at a tech startup.They, the 2011 season Broadway show, staffers scour the Web for any available discount along with six others, were handpicked by to be coupons, which they then the inhabitants of the MLB Fan Cave.These eight die-hard fans must physically take to the box office to watch every single game for the entire season to create digital content for buy the tickets. Only then is a 9.2M customer’s credit card charged. MLB.They post to Instagram, Facebook,Twitter and other social-media sites all day and well into NUMBER of Instagram likes Customers can’t select their seats, the night, all in the name of baseball. ¶ The pay is lousy: a small stipend and basic room and board last season but they can pick the general area. Dnear the cave (they can’t live there because of zoning rules). But for sports fans like these, this is a A concierge meets the client at the show to deliver the tickets. “We do dream job. ¶ “It’s amazing—I was speechless when they called me,” said Mr. Frankel, who, like the the legwork so you don’t have to,” said Mr. Baer. other cave dwellers, had to submit a video audition, survive in-person interviews and go to spring

—theresa agovino training for two days so MLB management could see how See TAKE ME OUT on Page 26 buck ennis

May 5, 2014 | Crain’s New York Business | 25 SOURCE LUNCH: Take me out to the Fan Cave KYLE KIMBALL newscom by Thornton McEnery Continued from Page 25 NOW BATTING ... the Mets, even getting some he interacted with other potential retweets by the team. Cesar cave-mates. BEN BARKER, 23 Pichardo,the resident Marlins fan, The group provides content for Team: Boston Red Sox is a big hit with his club, which Before the cave: every team throughout the season, Director of new media publicly brands him the team’s Development chief but followers know who each fan is at Merrimack College biggest fan. That provokes a bit of rooting for. Mr. Frankel, who grew Fun fact: Girlfriend is envy among the others. “They call up in Westchester, and Mr. Miss New Hampshire him their biggest fan and retweet on de Blasionomics McPherson, originally from his stuff all the time,” said Michael Ocean Township, N.J., are fans of MICHAEL BOLLING, Bolling, the Cubs fan, rolling his 23 the and Yankees, Team: Chicago Cubs eyes. “I bet there will be a Cesar respectively. The Chicago White Before the cave: Day at Marlins Park.” yle Kimball isn’t in How does Silicon Alley figure in? Sox and Cubs, Miami Marlins, Baseball video Meanwhile, Mr. McPherson, Kansas anymore,but he We’ve tried to be disciplined in not Boston Red Sox, San Francisco evaluator for NCSA the Yankees fan, has yet to be no- sure misses the food. A thinking of tech as an industry but Giants and Los Angeles Dodgers Sports ticed by his team. “I’m such a small Sunflower State native instead thinking of it as something Fun fact: Signed a professional are also represented. contract with the ’s part of the Yankee universe,” he and Harvard grad, the that transcends all industries. We Tim Brosnan, executive vice Schaumburg (Ill.) Boomers said. “They are so huge. I’m sure I K41-year-old Mr. Kimball is now a don’t just want to be the fashion cap- president of business at Major barely register for them. But if resident and president of ital, we want to be the fashion tech League Baseball, developed the DANIEL FRANKEL, 22 they’d give me some love,or retweet New York City’s Economic Devel- capital; not just the financial capital, Fan Cave idea back in 2011, when Team: New York Mets me or something, I’d be so happy.” opment Corp.He took over that role but financial tech. Media companies all the talk was on how to engage Before the cave: Most members of the group, in the final months of the Bloomberg are now indistinguishable from tech Sound-board operator the millennials,a demographic that at WABC 770 Radio many of whom were communica- administration after five years at the companies. Even Macy’s now has is more plugged in but has little pa- Fun fact: Majored in tions majors in college, feel fortu- agency and a few years at Goldman 1,000 people working just on tience for watching a nine-inning sports broadcasting nate to be a part of the cave.In fact, Sachs and JPMorgan. technology. Tech is increasingly game. “The idea was to do some- at Indiana University they hope the job can lead to big- Over Kansas City-style barbe- indistinguishable as it permeates all thing like Big Brother,” he noted.“I ger things down the road. cue in Long Island City, Queens, industries. said, ‘Why not make it perform- STANTEN JONES, 23 Mr. Kimball gave Crain’s a taste of Team: Chicago White Superstitious The city is now defining tech jobs as ance art, where people can walk by Sox how his job has changed under the and from the street be able to watch Before the cave: “We are all so lucky to be a part new administration. anything from the lady who plugs in your them watch every game?’ ” Sales associate at a of this experience, and no one real- computer at JPMorgan to the guy The “cave” is actually an airy Nike store in Chicago ly wants to mess this up,”explained You’re now the most prominent member sweeping floors at Google. Why? space, housed in the old Tower Fun fact: Played Ben Barker, the Red Sox fan, who of the Bloomberg administration held We tend to think of tech jobs as the VP baseball at Southern over by Bill de Blasio. Records store on East Fourth Street University, South Suburban College was midway through getting his of engineering, the deep-tech prob- and Broadway. Windows at street and the University of Arkansas at master’s and working as the direc- I wouldn’t put it that way, but there lem solver. We’re really missing those level allow passersby to peer inside. Pine Bluff tor of new media at Merrimack aren’t many of us. I think the new people right now in the city economy, Mr. Brosnan gets his performance College in North Andover, Mass., mayor wanted to make a and that’s what Cornell art,but for the cave dwellers,spend- KEITH MCPHERSON, when MLB called. clean break. WHERE Tech is designed to address. ing most of their days in a fishbowl 25 Mr. McPherson often gets In the long term, we Team: New York What’s different? THEY can be a little weird. Yankees nervous when posting during Yan- need to make sure that “Having people stop and watch Before the cave: DJ at kees games.“I don’t want to be bad In the last administration, DINED those deep-tech thinkers you from the outside takes a little local bars luck if I start talking up plays or get we saw our job as very JOHN BROWN are here and starting busi- getting used to,” said Angela Fun fact: Owns more too heated and say something I re- broadly based around eco- SMOKEHOUSE nesses here,but there is also Yanez, the resident Giants fan. than 100 Yankees gret during a game,” he said. nomic and physical trans- 10-43 44th Drive, a need for people who Most of their interactions,how- caps The two female fans, Serena formation. [Now] there’s Long Island City, know how to run a busi- ever, are virtual. Sanchez,the Dodgers fan,and Ms. much more emphasis on Queens ness, people who can do CESAR PICHARDO, 23 www.johnbrown The social-media experiment Team: Miami Marlins Yanez,the Giants loyalist, have the making sure the economy seriousbbq.com sales and marketing as has evolved during the past three Before the cave: biggest followings on Instagram … is accessible to the peo- AMBIENCE: businesses grow.That’s the seasons. The first year, it was just Student and part-time and Twitter. Ms. Sanchez, 21, left ple who are here. Bare-bones whole ecosystem that you two fans glued to the games. In bank associate her job at In-N-Out Burger in On- Kansas City BBQ need to support, not just 2012 and 2013,it became more like Fun fact: Volunteers tario, Calif., to join the Fan Cave, What do you mean? joint with an the deep tech, which was a with nonprofit Miracle urban-picnic feel a reality-TV show, with villainous League of Miami Dade while Ms. Yanez, 27, had been an A majority of the jobs we real focus of the last admin- characters who faced elimination on-air TV reporter in the Bay Area are creating pay less than WHAT THEY ATE: istration. week after week,but MLB realized SERENA SANCHEZ, 21 and in Oregon before coming to $30,000 a year, and that’s Burnt ends that the drama that plays well on Team: Los Angeles New York. Both say they are not forcing us to pivot. If this Short ribs Mayor de Blasio is seen as Dodgers 2 mac and less business-friendly than his television doesn’t necessarily trans- treated differently from their male gain in lower-paying jobs cheese Before the cave: predecessor. late to social media. This year, the Worked in fast food counterparts, but Ms. Yanez is isn’t coupled with skills ac- 2 collard greens dwellers act more as conduits for Fun fact: Has a quick to point out that it’s impor- quisition, allowing people Fries That’s just an easy way for baseball fans to get closer to the separate closet at her tant to show women not only play- to make more, then we’re 2 fountain people to distinguish be- players and the game. parents’ home for her ing but also possessing the same not doing our jobs. It’s a Cokes tween them, but for the The cave has about 3 million blue-and-white Dodgers regalia knowledge of sports as men have. shift from economic trans- PRICE: most part it’s untrue. The social-media followers. That’s up Of course, every click or like formation to economic re- $34.30, including level of engagement with ANGELA YANEZ, 27 tip about a half-million from the end Team: San Francisco doesn’t equal a ticket sale or higher silience. the business community of the 2013 season and far more Giants ratings for baseball, but Mr. Bros- might be different,but it will still play than the 250,000 it had at the end Before the cave: On-air nan believes that active engage- So what’s your job training plan? a crucial role in our public-policy of its initial 2011 season. reporter ment in the digital age is worth it. The business community is going to goals. We’ll still be pro-business, but Fun fact: Nearly got “The Fan Cave and the like is a be a huge part of our workforce de- we see it as more of a partnership. Instagram rules hypothermia sitting in a rowboat in McCovey much longer-term investment for velopment initiatives. We don’t This year, Instagram is the Cove during a game us,”he said.“We think if we can en- know ourselves, and should not It seems like development policy is focused solely on affordable housing, to hottest platform. It generated more —JEN GELLER buck ennis gage fans at an early age and get guess at, what kind of jobs private than 9.2 million likes last season, them talking about the game and businesses are creating. But we do the exclusion of other things. and it continues to grow.The aver- fans sit on the side of the set, often doing activities that involve base- spend half a billion dollars a year on It is a fundamental premise of eco- age Fan Cave follower is about 25 getting caught on camera.They post ball,be it watching the game or fol- workforce development,so we’d bet- nomic development that people have years old, 20 years younger than the about what happens when the cam- lowing things on social media, they ter be training people for the right to have a place to live. That is one of average Major League Baseball fan. eras stop rolling and help promote will become lifelong baseball fans, kinds of jobs.Otherwise,what are we the crises we face right now. It’s hard Continuing its effort to reach a the show via social media. and that investment will pay off.” adding? We need feedback from the to keep talented people and their younger audience, MLB this season Among the eight teams the MLB can afford to experiment. business community to make sure we businesses when they can’t afford to partnered with MTV2 for a weekly group roots for are some that have Revenue came in at more than $8 do this correctly. live here. half-hour show called Off the Bat, fierce rivalries with each other, and billion last season for the first time. where athletes and celebrities stop by although these die-hard fans are At the start of 2014, MLB signed the cave for interviews. MTV per- close-knit, watching 162 games an eight-year, $12.4 billion televi- WHO KNEW? Mr. Kimball is a devoted K.C. sonalities Fat Joe, Sway, Chris Di- over 180 days can lead to some ri- sion deal with Fox, ESPN and stefano and Melanie Iglesias host, valries of their own. Turner Sports, doubling the Chiefs fan and makes the trek from Park and Red Sox slugger David Ortiz is Mr. Frankel, for example, has a amount of money from the previ- Slope to John Brown’s on game days. an executive producer. The eight good relationship via Twitter with ous seven-year contract.

26 | Crain’s New York Business | May 5, 2014 OUT AND SNAPS ASPCA, Boys & Girls Harbor each raise $1M+ ABOUT by Ali Elkin and Theresa Agovino

CULTURE FIX CAREER BUILDER THURSDAY, MAY 8, TUESDAY, MAY 6 THROUGH SATURDAY, El Rey Coffee Bar & Luncheonette MAY 10 on the Lower East Side will launch Rapper M.I.A., known for the EL REY BAKING SCHOOL. Head her hit songs “Paper chef Gerardo Gonzalez will lead Planes” and “Bad Girls,” workshops, starting with the

will perform for two getty images restaurant’s sweet potato and nights at the Knockdown Center, 52-19 Aleppo spiced pecan bread. The Flushing Ave. in Maspeth, Queens, and for classes can serve as a learning one night at Webster Hall, 125 E. 11th St. opportunity for professionals or a The British-born and Sri Lankan-raised networking occasion for amateurs. artist will be joined by fellow rapper A$AP The event will run from 6:30 p.m.

Ferg at the Knockdown Center and Solange until 7:30 p.m. RSVP to bfa/nyc.com sam deitch

at Webster Hall. Tickets cost $38 and are [email protected]. The restaurant is prandoni bfa/matteo DARREN WALKER, CURB GARDNER, DWIGHT RHODEN and DUJUAN WILSON available through Ticketmaster. located at 100 Stanton St. ELLEN and CHUCK SCARBOROUGH, with , at the at the gala for the New York Foundation for the Arts on April 22. The fete brought in April 10 ASPCA Bergh Ball, which raised more than $1 million. $400,000. SATURDAY, MAY 10 WEDNESDAY, MAY 7 The Apollo Theater will participate in the The Association of Real Estate Harlem Jazz Shrines Festival with a Women will host its SPRING performance by Grammy winner ARTURO NETWORKING RECEPTION at Skylark O’FARRILL. The pianist will play his “Afro Lounge, 200 W. 39th St. The event Latin Jazz Suite.” The piece is a tribute to will include refreshments and an his father, Chico O’Farrill, who wrote “Afro opportunity to mingle with others Cuban Jazz Suite.” Tickets start at $10 and in the real estate community.The go up to $55, and are available online gala is scheduled to run from 6:30 through Ticketmaster. The performance p.m. to 8:30 p.m. Tickets cost $130 will begin at 8 p.m. The Apollo is located at for nonmembers and $110 for 253 W. 125th St. For more information, members, and are available online at visit www.apollotheater.org. www.arew.org.

DON’T MISS OUTSIDER ART FAIR ann billingsley

THURSDAY, MAY 8, lord kate THROUGH SUNDAY, MAY 11 MIKE VRANOS, NANCY BRINKER, JULIAN ROBERTSON and STEVE JAMES CAPALINO, ANTHONY SHORRIS and DAVID The OUTSIDER ART FAIR celebrates work by DANNHAUSER at the fundraiser for Boys & Girls Harbor on April 23. It raised $1.2 MOSKOVITZ at Coro New York Leadership Center’s 2014 self-taught artists and those outside the million for the organization, an education and social-services group for children in Awards Gala on April 22. The event honored civic leaders and established art community. Participating Harlem. raised $470,000. galleries will show work by artists from around the world. All-access fair passes cost $50, and one-day passes cost $20. See more of this week’s Snaps online at CrainsNewYork.com/galleries. They are available online through Eventbrite. The fair will be held at Center 548, 548 W. 22nd St. For more information, visit www.outsiderartfair.com.

OPENING FUNDRAISERS WEDNESDAY, MAY 7, WEDNESDAY, MAY 7 THROUGH SUNDAY, JUNE 15 The Salvadori Center will hold its ANNUAL The Robin Rice Gallery will show COCKTAIL BENEFIT at the Atrium Shops & Gordon Stettinius’ SIGNALS, Cafes, 153 E. 53rd St. The organization SAINTS AND SIDE ROADS,a delivers in-school and after-school collection of humorous, small programming that gets students engaged with black-and-white photographs math. Tickets cost $375 and are available that refer to popular culture. The online at www.salvadori.org. The event will gallery is located at 325 W. 11th run from 6 p.m. until 8 p.m. St. and is open Wednesday through Sunday from noon until SUNDAY, MAY 11 7 p.m. For more information, visit Born Free Africa will host a MOTHER’S DAY www.robinricegallery.com. FAMILY CARNIVAL. The organization works to eliminate transmission of HIV from mothers to children in Africa. The event will include a slew of activities, including a performance by pop star Ariana Grande. Athletes from the Giants and Knicks will be on hand for sports activities. Tickets costs $2,500 for a family of five. Adult tickets cost $1,000, and individual tickets for children cost $400. The event will be held at Pier 45 (at West Street and West 10th Street) and will run from noon until 3 p.m. For information, visit www.eventbrite.com/e/born-free-africa- mothers-day-family-carnival-tickets-

robyn rice 11201561171.

MARK YOUR CALENDAR…

MONDAY, MAY 26 AFTER A SEEMINGLY ENDLESS WINTER, New York City BEACHES OFFICIALLY OPEN on Memorial Day. Of course, the water will remain pretty chilly until August, but, with luck, it will have stopped snowing for good by then. During the beach season, lifeguards are on duty from 10 a.m. until 6 p.m. daily. Swimming is allowed only during those hours. For information on city beaches, visit www.nycgovparks.org/facilities/beaches.

May 5, 2014 | Crain’s New York Business | 27 SHARING A PASSION FOR SERVICE MOVES OUR CUSTOMERS EVEN FASTER.

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