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0 71486 01068 5 49 buck ennis VOL. XXIX,NO.49 NEWSPAPER Call It Small Street ItSmall Call ties industry, which has gradually erod- whichhasgradually ties industry, see theynolongerneedNew York. to are thatthese firms starting evidence Now there isgrowing concrete canyons. togetherindowntown’sbe basedclose ages decidedtheynolongerneededto the city’s banksandbroker- ago, Long ELSTEIN BY AARON that spells trouble for tax receipts—and incomeinequality fortaxreceipts—and that spellstrouble shrinkingWallThe incredibly keepslosingjobs.Why Street The city’s share ofjobsinthesecuri- CRAIN’S WWW.CRAINSNEWYORK.COM E OKBUSINESS YORK NEW ham, an economist who tracks thelocal aneconomistwhotracks ham, Den- Byrne saidBarbara New York,” Wall jobsthatdon’t Street needtobein country. oftherestthan halftherate ofthe are beingreplaced inNew York atless thefinancialcrisis jobslostafter over, More- anall-time low. to below 20%, thisyear dippedearlier ed fordecades, “The numberssaythere are alotof “The towork best nNYC in places enue lastyearandaccountedforbetter afullsixth of thestate’stributed taxrev- Wall con- Street like techandtourism. economy bystokinggrowing sectors todiversifythe despiteefforts industry tethered tothefinancial isclosely city forthecity’s taxrevenues.” implications of hasallsorts “That business scene. The fiscal well-being ofthestateand well-being The fiscal Jacksonville, Fla.,andSaltLakeCity. citieslikeTampaladder—in lower-cost and corporate more people—higherupthe NATIONALLY SHARE OFSECURITIESJOBSREGAINED 54% securities jobsbetween2008and2010. recession in2010. 32,000 Thecitylost bottomofthe sincethe IN THECITY JOBSREGAINED SHARE OFWALLSTREET 23% was 30%twodecadesago. jobs andbrokerage of investment-banking time it’sbeenbelow20%.Thecity’sshare October,JOBS INTHEU.S. through first the SHAREOFSECURITIES AVERAGE CITY’S 19.9% Jacksonville, Fla.,andSaltLakeCity. citieslikeTampaladder—in lower-cost and corporate more people—higherupthe NATIONALLY SHARE OFSECURITIESJOBSREGAINED 54% securities jobsbetween2008and2010. recession in2010. 32,000 Thecitylost bottomofthe sincethe IN THECITY JOBSREGAINED SHARE OFWALLSTREET 23% was 30%twodecadesago. jobs andbrokerage of investment-banking time it’sbeenbelow20%.Thecity’sshare October,JOBS INTHEU.S. through first the SHAREOFSECURITIES AVERAGE CITY’S 19.9% ® starts onPage16 of all75winners since 2010. arehiring Firms since 2010. arehiring Firms Complete list e ALST. onPage7 See WALL Clinton Hill wantsin Clinton Hill grocer willloanfunds; Slope Park Popular its wealth shares Food co-op fund managedbya501(c)foundation has allowed ittolaunch a members, stream ofpeoplewhowant tobecome this yearof$221,544andan endless uporgrow. tostart money itwillloanthem in its40-yearhistory thefirsttime adviser tootherco-ops,for ithaslongactedasan mission.Though hasanew and $49millioninrevenue, with16,300 members in thecountry, The Park largest Food Slope Co-op,the BY LISAFICKENSCHER potential injuries suffered byworkerspotential injuries must havetocoveragency the costsof thatthe insurance the construction of precedented intheprice escalation butfrom anun- cuts orcostoverruns, saySCA officials. schools, enough tobuildasmany10new thetotalto$400million— bringing disappear, will other $260million atleastan- In thefollowing years, two Authority. SchoolConstruction City theNew York city’s biggestbuilders, vanish from thebudgetofone effectively will $140million nearly 31, At thestroke ofmidnightonDec. BY DANIEL GEIGER huge bill hit with authority School legislative change legislative raising pressurefor newhavoc, wreaks law Old scaffold Its success, including netincome including Its success, The lossesstemnotfrom budget COUPLES STEAL THE SHOW DECEMBER 9-15, 2013 PRICE:$3.00 in the fashion in the e AKSLOPE onPage32 See PARK business PAGE 33 See SCAFFOLDonPage32 EDITOR’S NOTE

Give and take FYICRAINSNEWYORK.COM

Moments of sadness and joy last week. First, a farewell to Peter Feds order safety upgrades Kaplan, the late, great editor of The New York Observer, whose snappy at Metro-North after crash journalism sensibilities influenced, perator error is the likely culprit to blame oh, only everyone in American for the Metro-North Railroad train crash publishing these past 25 years. Dead in the Bronx that killed four and injured at 59 from cancer. Damn you, God, Glenn Coleman O 71 Dec. 1, but investigators have not determined for taking him. At the funeral last whether criminal charges will be levied against newscom Tuesday, a rabbi offered beautifully the train’s engineer. William Rockefeller reportedly admitted to falling into a trance-like daze in comforting words for Peter’s family, including his the moments before the crash, as the Manhattan-bound train hurtled around a curve at 82 widow, a friend of mine since college days, and her mph—almost three times the 30-mph speed limit. He has been suspended without pay. now-fatherless 9-year-old boy. It’s hard to imagine a The accident was the first with passenger fatalities in Metro-North’s 30-year history, but losing sadder sight, hard for thoughts not to drift: your own focus at the controls does not automatically establish criminality, unless the engineer knew he family, your own fear of loss, your own appreciation of shouldn’t be working.The crash prompted the Federal Railroad Administration to order Metro- life and its satisfactions (God willing) in the years to North to upgrade its signals so that engineers would be warned when speeding, and the power cut if come. And so, the next moment: a “Get well” to trains fail to slow down. In the meantime, the railroad will be required to have two crew members Frederick Gabriel, the editor of Crain’s sibling inside or near a locomotive’s cab when it approaches curves and other hazardous areas. publication InvestmentNews, whose remarkable Meanwhile, in a jab at Mayor Michael Bloomberg, Mayor-elect Bill de Blasio said that as generosity I will now tell you about, with neither his mayor he would be present at such tragedies. Mr. Bloomberg was golfing in Bermuda at the time knowledge nor consent. Fred donated a kidney last of Sunday’s disaster. He later visited victims at the hospital and defended his absence by saying week to a fellow colleague in our New York offices, he would have been able to do little at the crash site. and both are recuperating from their surgeries. Word last Thursday of their progress produced an instant BIG GAINS FOR GIVING TUESDAY. Some lead to the collapse of 7 World Trade flashback to when Fred informed me and another 10,000 nonprofits participated in the Center hours after the Twin Towers HOORAY! editor over breakfast last month about his plan. He second annual Giving Tuesday, a day fell during the 9/11 terrorist attacks. MAYOR dedicated to donations,up from 2,500 The ruling absolves developer Larry MICHAEL was giving up a kidney not because of any unusually BLOOMBERG lit last year. According to software com- Silverstein and others of liability. … up the 76-foot close bond with the recipient, a rather crusty pany Blackbaud, which serves non- “AMAZON LAW” LIVES. The Supreme Rockefeller character in our workplace. He was doing it simply profits, online giving jumped 90% Court refused to hear appeals by Ama- Center Christmas tree, a because he could.The two are a genetic match, from 2012 for its 3,800 customers. zon and Overstock.com on a New signature event Blackbaud processed more than $19.2 York law that forces Internet sellers to of the holiday kidney-wise.The tests also showed that Fred could million in online donations this year. collect New York sales taxes on deliv- season. never help his partner or their children, all adopted, The average gift was $142.05. … eries to state residents, even if those

should (God forbid) any of them need a donor E-CIGS LIGHT UP COUNCIL. The City companies do not maintain facilities bloomberg news someday.“Glenn, what’s the matter?” he asked in Council heard a bill that would ban here. The court’s rejection leaves it to OY VEY! mid-explanation. I was frozen, my jaw agape, a slow electronic cigarettes in most public Congress to knit a patchwork of spaces in New York.Proponents of the Internet sales-tax laws into a nation- A NATIONWIDE KNISH SHORTAGE was and steady drip, drip, drip of tears hitting the table. ban argued that there is no research to wide approach. … VOLCKER VOTE. supposed to end by “Thanksgivukkah,” but the machine destroyed by a fire at Thank you, God, for giving us Fred. prove that the battery-operated Five federal agencies are expected this Gabila’s Knishes won’t be operational smokeless cigarettes are safe. Advo- week to approve a rule prohibiting until Christmas at the earliest. cates, puffing on va- banks from trading por-emitting e-cigs, ‘I put a Yankee for their own benefit THIS WEEK IN CRAIN’S said the product helps and limiting their smokers kick the habit cap on his ability to invest in IN THE BOROUGHS------4 by providing a safer al- hedge funds.The vote ternative. … MAGA- head, and he on the 950-page IN THE MARKETS------6 ZINE ISSUES. Follow- said to the Volcker Rule will oc- ing a drop in ad pages, cur more than a year THE INSIDER ------8 New York magazine crowd, “You after regulators the life sciences. Both ventures OPINION ------12 will scale back its fre- know who I missed a congression- bring together public and private dol- quency to biweekly al deadline because of lars. … BILLY JOEL SIGNS ON AT MSG. GREG DAVID------13 beginning in March. am. I am a internal disagree- The singer-songwriter will play REAL ESTATE DEALS------14 The magazine will of- ments and financial- monthly shows at Madison Square fer 20% more content Yankee!” ’ industry lobbying. Garden beginning in January as the BEST PLACES TO WORK ------15 per issue, while ny- —David Dinkins, recalling …BOLSTERING arena’s first music franchise. … AD mag.com will expand Nelson Mandela’s 1990 BIOTECH.A $100 mil- MERGER. WPP will merge Xaxis, No. CLASSIFIEDS ------26 its coverage. Mean- visit to New York lion fund for 5 on Crain’s Best Places to Work list SMALL BUSINESS------28 while, Newsweek will life-sciences research (see Page 16), with 24/7 Media, a reappear on newsstands early next year and the Mount Sinai Institute of move that will create the world’s FOR THE RECORD------GOTHAM GIGS 30 after ceasing print publication last Technology, two initiatives an- largest programmatic media and tech- Brooklyn incubator maven WTC RULING. NEW YORK, NEW YORK ------33 year.… A federal appeals nounced by the Bloomberg adminis- nology platform. Bob Bland wants to keep court ruled that negligence did not tration,will promote NYC as a hub for —nazish dholakia NYC as a fashion hub. P. 10 SOURCE LUNCH------34

CORRECTIONS (SEE PAGE 29) STORIES TO WATCH THIS WEEK vol. xxix, no. 49, december 9, 2013—Crain’s New York Business (issn 8756-789x) is published weekly, except for double issues the weeks of July Fourth, July 29, Aug. 12, Labor Day and Christmas, by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals Dec. 10: City Dec. 10: Deadline Dec. 14: Streets Dec. 17 postage paid at New York, N.Y., and additional mailing offices. Postmaster: Send address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, Council Land Use for Macy’s to reply will be filled for the Real Estate Board MI 48207-2912. Committee hearing to city’s request for annual SantaCon of New York for subscriber service: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one year, $179.95 two years. (GST No. 13676-0444-RT) on Kingsbridge theft and security pub crawl. holiday luncheon at ©Entire contents copyright 2013 by Crain Communications Inc. All rights reserved. Armory ice rink policies the Waldorf Astoria

2 | Crain’s New York Business | December 9, 2013 20131209-NEWS--0003-NAT-CCI-CN_-- 12/6/2013 7:28 PM Page 1

FRAMED: Activist Subsidies investor Daniel Loeb (right) wants to oust Sotheby’s CEO missed William Ruprecht. their mark

Corporate-welfare critics find just 24% met job targets

BY THORNTON MCENERY

New York state’s tax-subsidy agen- cies have been swinging and missing, with not even a quarter of agreements delivering the jobs they were sup- posed to,according to a new analysis. The data, compiled by a watchdog group often critical of subsidies, istock, newscom shows New York City has been the most profligate, pouring hundreds of millions of dollars into deals that Sotheby’s: Not a pretty picture consistently failed to add jobs. Although a Bloomberg adminis- tration spokeswoman said the find- an Andy Warhol piece when it sold auction achieved $691 million in ings present “a skewed picture,”they Declining market BY THERESA AGOVINO Silver Car Crash for $105 million; sales—the highest ever in art- could be used to justify Mayor-elect meanwhile, the event’s total sales of market history. Bill de Blasio’s promised war on cor- share, activist Sotheby’s shattered two records last $390 million were the best in the The comparison illustrates porate giveaways. investor shake up month at its New York contempo- auction house’s 269-year history. Sotheby’s challenge: It has been The report, to be released Mon- rary-art evening auction: It However, the previous night, ri- trailing Christie’s in the crucial con- day by the Alliance for a Greater auction house achieved the highest price ever for val Christie’s contemporary evening See SOTHEBY’S on Page 29 See SUBSIDIES on Page 29

December 9, 2013 | Crain’s New York Business | 3 20131209-NEWS--0004-NAT-CCI-CN_-- 12/6/2013 6:20 PM Page 1

IN THE BOROUGHS QUEENS Plans for a bigger BID CONGLOMERATE: Affordable-housing spark fears magnate Ron Moelis has built a thriving firm of many parts. One of city’s most diverse retail strips may lose uniqueness

BY KERRY MURTHA

Facing a rise in rates for many crimes and the looming develop- ment of a huge retail complex near- by, business and political leaders in Jackson Heights-Corona are trying to fight back. They are pushing for a huge, controversial expansion of the business improvement district that runs along four blocks of 82nd Street. Under the proposal, the 82nd

buck ennis Street Partnership, a 23-year-old BID, would be stretched northward by almost a mile, to 104th Street in Corona. In the process, the number of businesses within it would more Odd developer on hot streak than quintuple, to 850, enough to fund an expected doubling of the BID’s annual budget, to $860,000. partners tapped a Swedish firm to Conference named L+M “private “The area is suffering from a lack Ron Moelis wants to do good, not just well, design housing on part of an 80- developer of the year.” Now, with a of resources, and by organizing we and he now seems to be doing a lot of both acre tract in the Rockaways,and has new mayor who has made the cre- can invest in our small businesses snipped ribbons on everything ation of affordable housing one of and our neighborhood,” said Seth line—doing both well and good— from a South Williamsburg grocery his top priorities, it looks as though Taylor, executive director of the BY JOE ANUTA recently won a contract to build part store in one of its buildings to a for- L+M’s ship has come in: 90% of its partnership, a nonprofit group of of the massive Seward Park urban- mer Navy prison it turned into an work is affordable housing. 160 retailers along the street pro- One of the city’s oddest developers renewal project near the Williams- affordable-housing property in “I can only imagine that a com- moting the expansion. is on a winning streak.L+M Devel- burg Bridge. Fort Greene, Brooklyn. pany that has had this much suc- But in an area famed for its opment, a firm that prides itself on Meanwhile, following an inter- Last week, that streak hit a new cess, is employee-owned and has ethnic diversity, the plan is fanning operating with a dual bottom national search, L+M and several peak when the New York Housing See DEVELOPER on Page 32 See BIG on Page 31 Children’s Place turnaround STATS AND THE CITY by Emily Laermer THE CHAIN GANG: The number of national chain stores in the city hitting that toddler phase increased just 0.5% in 2013, to 7,226, the lowest rate since 2008, according to a new Center for an Urban Future report.

Chain plans to cut struggling to attract shoppers— Ms. Elfers is also looking over- +2.8% DUNKIN’ DONUTS in NYC, sales during the crucial Black Friday seas for growth and to increase the CHAIN-STORE growth 515 the most of any chain stores, boost online weekend fell nearly 3%,according to brand’s wholesale business with this year in Brooklyn, retailer, each employing about the National Retail Federation— outlets such as Sam’s Club. For the the most of any 20. There are just 283 Starbucks presence as the 1,095-unit Children’s Place has third quarter ended Nov. 2, the borough. Queens and recovery continues a lot at stake.The $1.8 billion chain company reported $41.7 million in Manhattan posted CHAIN profits,a 12% increase over the year- 0.4% and 0.7% 144 RETAILERS in earlier period, though sales were declines, respectively Corona/Elmhurst, Queens, BY ADRIANNE PASQUARELLI ‘They’re starting down 1.6%, to $492.7 million. the greatest in the borough, in “It seems like they’re starting to CHAINS PER an area where 72% of the It’s beginning to look a lot like to gain traction, gain a little traction, but the verdict SQUARE MILE population are immigrants Christmas … in terms of the mark- is still out,” said Susan Anderson, a 117in Manhattan—the downs underway at the Children’s but the verdict retail analyst at FBR Capital Mar- highest concentration of Place.Since before Black Friday,the kets & Co. any borough. The city $32.8M Secaucus,N.J.-based chain has been is still out’ Though the arrival of Ms.Elfers, average is 24 2012 REVENUE for ramping up reminders of its dis- a respected retail veteran from Lord Golden Krust, counted wares to customers in the & Taylor, was much heralded in the most hopes of boosting holiday sales. 2009, analysts and investors quickly prolific chain “We are expecting a heightened lamented her spendthrift ways. Ms. in the city promotional environment during is still undergoing turnaround ef- Elfers remodeled stores, adding that has its Sources: Center for an Urban HQ here. It December and January,” said Chief forts implemented by Ms. Elfers maple-colored wood and boutique- Future, U.S. Census Bureau, New York State Department of Labor, has 64 outposts Executive Jane Elfers, noting she is when she took over the company like rooms, but some of her efforts Dunkin’ Donuts, Crain’s researchresearch “confident in our ability to effective- four years ago. To cut costs, more were wasted on hard-hit shopping bloomberg news ly compete.” than 110 stores are slated for closure centers that lacked foot traffic. ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY At a time when retailers are during the next three years. See CHILDREN’S on Page 29

4 | Crain’s New York Business | December 9, 2013

20131209-NEWS--0006-NAT-CCI-CN_-- 12/6/2013 7:24 PM Page 1 IN THE MARKETS by Aaron Elstein

At WithumSmith+Brown, we believe professionals who love their work and love where they work, do better work. We call it the “Withum Way” — our unique culture that puts clients first, celebrating success with them and each other when the job is done.

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eaders may have noticed that this column spends a lot of time describing the challenges investors face. But being a bull has been the right way to go in 2013, RStandard & Poor’s 500 stock index with up a remarkable 27% through the year so far.The index has nearly tripled since March 2009. For an argument that the good times can continue, let’s turn to Wall Street’s boldest bull, Morgan Stanley strategist Adam Parker. In his 2014 market forecast released late last month, Mr. Parker asserted that the S&P 500 can add another 12% next year. CONGRATS Mr.Parker thinks that corporate ing back on asset purchases that have profits will go even higher, even propped up the markets, that they though they’re already at all-time fail to see “we could be in an environ- highs. He figures another tailwind ment of synchronous global eco- should come from cash-flush cor- nomic expansion in 2014.” He even TO ONE OF porations buying back their shares thinks next year’s elections could re- and reducing the amount of stock sult in more cooperation between available. He also looks for “modest Congress and the White House. further multiple expansion,” which In this happy environment, Mr. THE 10 BEST. means investors who have missed Parker recommends JPMorgan the rally piling in and bidding up Chase. The stock is his group’s sin- stock prices. gle largest holding, at 6% of its Mr. Parker is no perma-bull. He portfolio, and he called the bank’s was one of Wall Street’s more pes- valuation “compelling.” He also simistic (and accurate) forecasters recommends BlackRock and Bank of in 2011, a year when the S&P went America. A 2013 Principal® 10 Best Winner nowhere. He made the mistake of For what it’s worth, financial staying bearish in 2012, calling for shares have gained 30% this year, Aurora Electric, Inc. an 8% drop when the market and as a group now account for Jamaica, NY jumped by 13%. Mr. Parker 16.2% of the S&P,trailing only in- switched sides in March 2013 and formation technology in a single his bullishness retains the passion sector’s share of the index’s market of the converted. value.When stocks hit rock bottom Each year The Principal Financial Group® recognizes ten companies that help ensure “The only thing people are wor- four years ago, financial stocks the financial futures of their employees through education, communication ried about is that no one is worried accounted for less than 9% of the and overall corporate culture. From providing great retirement plans to helping about anything,” Mr. Parker’s 2014 index. employees get the most out of their insurance and wellness programs, these forecast began. “That isn’t a real In another report last month, visionary companies are finding and keeping great people. WE’LL GIVE YOU AN EDGE® worry.” Mr.Parker described his sunny out- In fact, he thinks investors are so look by saying,“We are Bob Marley.” overly nervous about downside In other words: Every little thing To learn more about all of the winners, visit principal.com/10best risks, like the Federal Reserve’s dial- gonna be all right. Ⅲ

©2013 Principal Financial Services, Inc., a member of the Principal Financial Group, Des Moines, IA 503952. AD2596 NUMBER OF STOCKS in the S&P 500 that have gone up in 448 value this year, as of Nov. 29, or a full 90% of the index. The rare losers include retailers J.C. Penney and Abercrombie & Fitch.

6 | Crain’s New York Business | December 9, 2013 20131209-NEWS--0007-NAT-CCI-CN_-- 12/6/2013 7:22 PM Page 1

All this helps explain why the se- serve securities-industry employ- curities industry has recovered 54% ment, he said, New York should fo- Wall St. loses out to Main St. of the jobs lost nationwide after the cus on trying to make itself an at- 2008 financial crisis,according to the tractive place to do business. Continued from Page 1 banking and asset-management this year that Morgan Stanley U.S. Bureau of Labor Statistics. But Immigration reform would be a big than a fifth of all private-sector jobs in Jacksonville, where it already would add 110 financial advisers New York has recouped only 23%. help because it would make it easier wages paid in the city. had 1,100 people. “We are a finan- and transaction processors, and De- Apart from offering cheaper rent, for ambitious people overseas to “If these collections go down and cial hub,” Ted Carter, head of the pository Trust & Clearing Corp. Jacksonville, Tampa, Salt Lake City work here, he added, although that are not replaced, city services will city’s office of economic develop- would add 255 people. and others are providing banks with is a matter for Congress to decide. suffer unless other cuts are made,” ment, crowed to Crain’s last week. tax breaks and other incentives. Still, cost-cutting will likely re- said Robert Lieber, a former deputy Securities-industry employment Tax rebates Utah, for instance, granted Gold- main the mantra in banking. That mayor for economic development in in Jacksonville has grown by 26% In Salt Lake City, Goldman man up to $47 million in tax rebates means more jobs going to places like the Bloomberg administration. over the past four years to 5,700 peo- Sachs established a foothold in 2000 over a 20-year period. It will be a big Jacksonville instead of New York. So far,even as Wall Street’s work- ple, according to the Florida De- and now says the office has grown question for incoming Mayor Bill de “The financial industry is run- force has been hollowed out— partment of Economic Opportuni- into its second-largest in the U.S., Blasio if he wants to play that game, ning itself like an industrial compa- 167,000 employed at securities ty. That’s tiny compared with New with 1,400 investment bankers, an- as New York City did in the 1990s. ny: Put people where the cost of do- firms,down from 191,000 in 2008— York’s numbers,but other New York alysts and operations staffers. Mr. Lieber warns that providing ing business is low,” said Brad tax revenue has held up. That’s be- financial institutions also are hiring (Goldman’s website says the Utah tax breaks to keep jobs is a sucker’s Hintz, an analyst at Sanford C. cause most of its best-paid people re- more people in the Sunshine State. capital offers “great shops, restau- bet because the jobs tend to leave Bernstein & Co. “It’s not operating main in New York. In the fiscal year Tampa-area officials said earlier rants and nightlife.”) when the incentives dry up. To pre- like a street gang anymore.” Ⅲ ended March 31, tax receipts from the securities business were the fourth-highest ever, at $10.3 billion, according to the New York state comptroller’s office. The office said in an October report that tax collec- tions should be “much higher” in the current fiscal year, because the state will see the benefits of accelerated bonuses paid late last year to avoid higher federal tax rates. Looming regulations The long-term decline in the 1-877-870-6118 city’s share of investment banking conEd.com/GreenTeam and brokerage jobs—it had 30% of all such jobs in the U.S. two decades ago—could reverse if the stock mar- ket’s latest rally holds and activities such as taking companies public or merging them revive after a pro- longed slump. But looming regula- tions in Washington could con- strain bank revenue for years and force institutions to move more jobs to lower-cost locales. For instance, regulators this week are expected to approve the Volcker Rule, which is meant to prevent banks from gam- bling in the markets, an activity that tends to be New York-centered. In this environment, the banks that long ago transferred adminis- trative and operations personnel out of New York have started moving up the corporate ladder to put higher- paid people—investment bankers, analysts and brokers—in places like Tampa and Jacksonville, Fla., and Salt Lake City. That could further hollow out New York’s middle class. The reasons for outsourcing are simple: Real estate prices are a frac- tion of Manhattan’s, and employees as a rule command significantly less than the $360,700 salary collected by the average New Yorker who works on Wall Street. Merrill Lynch and its owner, Bank of America, during the sum- mer agreed to add 200 jobs, includ- ing online brokerage and technolo- gy slots, in Jacksonville. The jobs LOSE KILOWATTS will pay an average wage of $50,700, according to the city. (Florida resi- dents pay no city or state income taxes.) Merrill and BofA together employ 8,000 people in the city of 1.3 million, according to Jack- sonville’s chamber of commerce. Deutsche Bank is also expanding in Jacksonville after establishing a beachhead in 2008. This past sum- mer, the German bank, which em- ploys approximately 6,000 people in its U.S. headquarters in New York, said it plans to add 300 investment- FAST LISTEN to a discussion at CrainsNewYork.com/podcasts BUSINESS OWNERS, GET ENERGY FIT TODAY.

December 9, 2013 | Crain’s New York Business | 7 20131209-NEWS--0008-NAT-CCI-CN_-- 12/6/2013 6:18 PM Page 1 THE Price of share in WTC mall INSIDER complex jumps $200M by Andrew J. Hawkins

the Port Authority’s board of com- Sept. 11. That mall was one of the Sale for shop space missioners and one of the top New highest-grossing retail shopping downtown is near York officials at the bi-state agency, centers in the country. said that the two deals amount to record per sq. ft. about $1.4 billion. Durst deal “[The price] highlights the fact The sale came with a separate that this retail space is going to be announcement that the Port Au- BY DANIEL GEIGER incredible, and that Westfield has a thority had reached a deal with the backlog of top-tier retail tenants Durst Organization, under which The Port Authority of New York who are eager to lease it,” said Mr. Durst will manage the leasing of the and New Jersey announced last Rechler, who in addition to his role 842,000 square feet at 4 Times week it has agreed to sell the re- at the Port Authority is a prominent Square that Condé Nast will vacate maining 50% interest in the sprawl- New York City land- in 2015 to relocate to 1 ing retail complex to be built at the lord at the real estate World Trade Center. newscom World Trade Center site to mall de- firm he founded, ‘This retail The Port Authority as- veloper/operator Westfield Group RXR Realty. sumed the responsibil- Crisis tested top de Blasio deputy for about $200 million more than The 33% hike in space is ity for that lease,which Westfield paid for the first 50% the price that West- expires in 2019, in or- uperstorm Sandy had flooded the basement of NYU stake in the space two years ago. field paid for its sec- going der to persuade Condé Langone Medical Center with 50 million gallons of Westfield purchased an initial ond 50% share is a Nast to come down- half-interest in the retail space in sign of how retail real to be town. Durst is a part Spolluted water, knocking out backup generators and 2011 for a little more than $600 estate values have ap- owner of 1 World forcing hundreds of patients, doctors and nurses to evacuate. million. It is now consolidating its preciated in just two incredible’ Trade Center and also But within nine weeks, much of the Manhattan hospital ownership of the mall by paying years, and also of how built and owns 4 Times was up and running, a feat that many credit in large part to $800 million for the second 50% in- the space’s prospects Square. The Port Au- terest, or about $4,400 per square have blossomed as thority had been man- its senior vice president and vice dean, Anthony Shorris. foot, among the highest prices ever various elements of aging the leasing of “I took a look at NYU the day after the storm … and it laid out for retail space in lower the WTC site ap- that space. was incomprehensible, the amount of damage that was Manhattan. proach completion and downtown “What we’re doing is yielding Kenneth Raske has become an increasingly popular capital in the deal with Westfield to done,” said , president of the Greater New ‘Backlog of tenants’ neighborhood to live, work and reallocate it to our core mission of York Hospital Association. “And I was shocked by their The 365,000 square feet of space shop. Several high-profile tenants, transit and infrastructure in the re- ability to get back online as quickly as they did.” is largely located in a new transit hub such as Apple, Victoria’s Secret, gion,” Mr. Rechler said.“And in the being built on the site and in pedes- Theory and Michael Kors, are re- case of 4 Times Square,we’re allow- He added,“In no small part that “There should be no question,” trian corridors that will connect the ported to have made commitments ing our partner from the private was due to Dean [Robert] Grossman Mr. de Blasio said, “that Tony subway lines that converge there to for space in the WTC complex. sector to handle filling that space and Tony’s hard work.” Shorris will be the leader of our ad- the soaring office towers. Westfield operated the mall at and mitigate our exposure to that Mr. Shorris, who was tapped ministration and the operations of Scott Rechler, vice chairman of the WTC site that was destroyed on vacancy.” Ⅲ last week by Mayor-elect Bill de Bla- our administration.” sio to be first deputy mayor, called Anthony Coscia, who was chair- the storm “a blessing and a curse” man of the Port Authority when because it tested his crisis- Mr.Shorris was its executive direc- management skills. tor, said, “Tony’s a thoughtful stu- “That was a testament to the dent of how to make government staff, and to the extent that I can effective.” contribute to that, just because I’ve While admirers laud his stabi- been through a few of these diffi- lizing tenure at the authority, crit- cult moments, I was happy to be a ics say he can be overconfident, part of it,” he told Crain’s. even arrogant, and understated Mr. Shorris’ ability to keep the World Trade Center redevelop- gears of city government turning ment costs. “He’s always right and will be crucial, as Mr. de Blasio is never wrong,” said one person fa- not known for his management miliar with Mr. Shorris’ govern- skills. But while Mr. Shorris has ment work. “That’s a tough way to served in government over three build a reputation in this city.” decades, he will be a bit in the Mr. Shorris dismissed the criti- wilderness himself. The city’s cism. “We inherited a schedule workforce of nearly 300,000 dwarfs that was unrealistic,”he said,echo- that of the Port Authority (7,000), ing a criticism his successors also which he ran in 2007 and 2008,and made. “I was pretty harsh on the NYU Langone (almost 17,000). contractors to make sure they came “This is certainly the biggest as close as possible to a very aggres- management job I’ve faced in terms sive schedule.” of scale,” he said. “On the other He predicted the de Blasio ad- hand, the demands of it are the de- ministration would not always see mands that have pretty much been eye-to-eye with the business com- the focus of most of my career.” munity, but would work with it to In announcing Mr. Shorris’ se- continue the city’s private-sector lection, Mr. de Blasio made clear growth. “Nobody ever came to that all roads to City Hall would run New York because it was cheap,”he through his deputy—a diminutive said. “New Yorkers will always in- man whose slight voice belies his vest in each other. And I don’t reputation as a tough negotiator. think that’s going to change.” Ⅲ $49M: Revenue that would be generated annually by raising city taxes to $0.34 a gallon for beer and $2.80 for liquor Source: NYC Independent Budget Office

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TURNING A BLAND EYE: Bob Bland EXECUTIVE MOVES wants to replicate Manufacture New New York Life York’s success in Foundation: Heather Brooklyn. Nesle, 38, joined the nonprofit as president of the New York Life Foundation and vice president of New York Life. She was previously vice president of corporate sustainability at HSBC Bank USA. Chef Max NYC: Maxcel Hardy, 29, was named chief executive of the catering company, which he founded. He was previously a chef at Chef Max Miami. Agency Group USA: Natalia Nastaskin, 43, was promoted to chief executive and general counsel at the talent- booking agency. She was previously chief counsel and director of new business development. International Culinary Center: Howie Lindenbaum, 47, was promoted to chief operating officer. He was previously chief financial officer. DeVries Global: Love Whelchel,44, joined the communications agency as worldwide chief talent officer, a newly created position. He was previously chief human-resources officer at Bad Boy Worldwide. Katharine Ricci,29, joined as vice president of social planning. She was previously associate director at Attention. Abt SRBI: Andy Weiss,45,was promoted to chief business officer of the market-research firm, a newly buck ennis created position. He was previously senior vice president. GOTHAM GIGS Carlton Group: Edwin McClendon,54, joined the real estate investment- banking firm as managing director, a newly created position. He was previously chief executive at McClendon Morrison & Partners. CetraRuddy: Michael Simon, 45, joined Bob (Anything but) Bland the architecture, planning and interior-design firm as managing director. He was previously chief financial officer and managing Incubator maven wants to keep fashion made in NY principal at H3 Hardy Collaboration Architecture. She grew up outside Washington, D.C., with an first runway show—with 32 pieces—in the Simone Development: Joshua Gopan, ‘This is 34, joined the real estate investment ordinary name and dreams of making it in New school cafeteria. Her early achievements led to company as director of leasing for the future York fashion. After changing her name to Bob stints at Tommy Hilfiger, Banana Republic and Hutchinson Metro Center. He was previously managing director at Bland and launching an apparel line, Brooklyn Ralph Lauren. ¶ Ms. Bland will try to replicate Colliers International. of buying. Royalty, in 2006, the now-30-year-old Manufacture’s Manhattan success in her home IA Interior Architects: Shih Hua People entrepreneur focused on her next goal: making borough of Brooklyn. Primarily funded through Liong, 38, joined as sure fashion keeps being “made in New York.” ¶ city and state grants expected to total $6.5 director of strategy, want small Earlier this year, Ms. Bland raised $60,000 to million, the company will debut a 160,000- a newly created position. She was orders, open a 2,000-square-foot fashion incubator in square-foot space in Sunset Park’s Industry City previously director the garment center.There, she and her eight late next year. About 30,000 square feet will be of strategy and fast’ discovery at HLW. colleagues advise young and emerging fashion dedicated to expanded incubator services, The Door: Eric Wielander, 43, joined designers on how to write business plans, find including digital pattern-making. ¶ Ms. Bland is the public-relations firm as executive vice president of operations, a newly legal and accounting services, develop branding in the process of opening requests for proposals created position. He was previously and marketing strategies, and design a fashion to local manufacturers of apparel, accessories and director of business development at line that can be manufactured locally. ¶ “We have home goods to lease factories in the remaining 5W Public Relations. Precision Health Media: Peter Fontana, to unite the supply chain domestically again,” 130,000 square feet. “This is the future of buying. 44, joined the advertising and said Ms. Bland, chief executive of Manufacture People don’t want to hold onto inventory and buy marketing company as vice president of ad sales. He was previously New York. ¶ Ms. Bland started sewing at age 8. in bulk—they want small orders, fast,” said director of digital ad sales at AMC While attending high school, she produced her Ms. Bland. —adrianne pasquarelli Networks.

10 | Crain’s New York Business | December 9, 2013 Alcott HR: Cindy Edwards, 54, joined the human-resources firm as vice president CORPORATE LADDER of business development. She was previously vice president of business development at AlphaStaff Inc. EXPANSION ON INFOR CFO’S TO-DO LIST Hearst Magazines: Tom Kirwan,41, IT’S FULL STEAM AHEAD for Infor. The enterprise technology company relocated its headquarters to Manhattan last year, saw a joined as vice 36% jump in revenue in 2012 and last month added a tech-savvy chief financial officer to its ranks. The former CFO of president of national IBM’s software middleware group business unit, Nicole Anasenes, 40, filled a unique set of requirements, said sales and key accounts Infor Chief Executive Charles Phillips. “Nicole is articulate in technology and finance,” said Mr. Phillips. “We want to of Hearst Magazines expand aggressively in other countries, and Nicole will help do that.” Digital Media. He was previously vice Staying on top of Infor’s growth will not be an easy task. Infor, No. 16 on Crain’s list of top privately held New York president of digital companies this year, has acquired 50 firms in just over 10 years and hopes to add 200 employees to its business in sales at Time Inc. Branded Solutions. India, where it has seen more than 100% growth in the past 12 months. The company is also rolling out new software in I.Predictus: Niraj Pant, 40, joined the several of its primary markets. Infor recently announced a new enterprise resource planning system, Infor M3, and Ms. data platform as senior vice president of Anasenes will help oversee Infor 10x, its newest business application. “There is a trend in IT right now to just make things technology, a newly created position. He look pretty,” said Ms. Anasenes, “and to work somewhere really dedicated to making a cohesive user experience, was previously director of product and to making an impact in the market—that’s really exciting.” —EVA SAVIANO data at Dow Jones. Muss Development: William Bergman, 38, was promoted to vice president of leasing. He was previously commercial leasing manager. Bain & Co.: Erika Serow,40,was promoted to head of the retail practice for the Americas region at the business consulting firm, effective Jan. 1. She continues as a partner. Mashable: Jeff Petriello, 27, joined the website as creative producer, a newly created position. He was previously creative producer at NowThis News. Berdon: Jude Coard, 51, was promoted to Long Island tax chair at the accounting and advisory firm. He was previously a tax partner. Axinn Veltrop & Harkrider: Delphine Knight Brown, 49, joined the law firm as a partner in its intellectual- property group. She was previously a partner at Curtis Mallet-Prevost Colt & Mosle. Budd Larner: Philip Chronakis, 42, joined the law firm as a partner. He was previously a partner at Chronakis Siachos & Kaplan. Sidley Austin: Ram Burshtine, 46, joined the law firm as a partner. He was previously a partner at King & “Earning this degree changed my life.” Spalding. Mayer Brown: Amanda L. Baker, 33, was promoted to partner in the banking and finance group at the law firm. She was previously an associate. What makes earning a graduate degree from the NYU School of Continuing and Professional Curtis A. Doty,50,was promoted to partner Studies so unique? The quality of an NYU education combined with a deep commitment in its banking and to serving industry. Curricula designed by professionals for professionals. Knowledge and finance group. He was previously counsel. networking capabilities that prepare you for today and for the challenges that lie ahead. Christopher J. Houpt, A sense of purpose and drive that propels you toward success. The fostering of a global 37, was promoted to partner in its litigation community that bridges divides and forges connections. and dispute resolution group. He was previously an associate. John J. Molenda, 44, was promoted to 17 professionally focused master’s degrees and 15 graduate certificates that will transform the partner in its intellectual-property group. He was previously counsel. way you think, encourage you to aspire to new heights, and change your life. Robins Kaplan Miller & Ciresi: Paul LiCalsi, 63, joined the law firm as a partner. He was previously a partner at Mitchell Silberberg & Knupp. Cozen O’Connor: Virginia Markovich,36, joined the law firm as a member. She
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""%./ŏđŏ.,$% ŏ+))1*% 0%+*/ŏ Juliette J. Song, 36, joined as an attorney. *#!)!*0ŏ* ŏ! $*+(+#5ŏđŏ+/,%0(%05ŏ * 1/0.5ŏ She was previously an associate at Weg - & Myers. 01 %!/ŏđŏ1)*ŏ!/+1. !ŏ *#!)!*0ŏ* ŏ!2!( Starwood Hotels & Resorts: Sean Verney, visit: scps.nyu.edu/graduate1g +,)!*0ŏđŏ *0!#.0! ŏ .'!0%*#ŏđŏ *#!)!*0ŏ* ŏ 46, was promoted to general manager of 5/0!)/ŏđŏ.+"!//%+*(ŏ.%0%*#ŏđŏ1(% ŏ!(0%+*/ŏ* ŏ the Westin New York at Times Square. +.,+.0!ŏ+))1*% 0%+*ŏđŏ1(%/$%*#čŏ%#%0(ŏ* ŏ He was previously general manager of the Sheraton Parsippany. call: 212-998-7100 .%*0ŏ ! %ŏđŏ!(ŏ/00!ŏđŏ!(ŏ/00!ŏ!2!(+,)!*0ŏ ERP Actuaries & Consultants: Joseph ,+.0/ŏ1/%*!//ŏđŏ+1.%/)ŏ *#!)!*0ŏđŏ.*/(0%+* Cimino, 28, was promoted to senior consultant and actuary. He was previously a senior actuarial analyst. There’s still time to apply for spring. —eva saviano request info. and/or apply: Knowledge Through Practice EXECUTIVE PROMOTIONS scps.nyu.edu/gradinfo1g The fastest way to get an announcement into Crain’s is to submit online. Fill out the form at www.crainsnewyork.com/section/ executive_moves. The Executive Moves column is also available online.

December 9, 2013 | Crain’s New York Business | 11 20131209-NEWS--0012-NAT-CCI-CN_-- 12/5/2013 6:57 PM Page 1

OPINION CRAIN’S NEW YORK BUSINESS

Get cracking on tax reform editor in chief Rance Crain publisher, vp Jill R. Kaplan t might be tempting for state lawmakers to tuck returning low earners’ share through other means, perhaps EDITORIAL editor Glenn Coleman away the New York State Tax Reform and Fairness even cash every August for back-to-school shopping. managing editor Jeremy Smerd deputy managing editors Valerie Block, Commission’s impressive new report on that dusty Lawmakers should find a way. Erik Ipsen shelf where Albany white papers go to die. Voters Corporate taxes are a jumbled mess, prone to avoidance assistant managing editor Erik Engquist won’t take up pitchforks, campaign donors won’t schemes that keep rates high on businesses that don’t game news producer Amanda Fung contributing editor Elaine Pofeldt close checkbooks, and interest groups won’t run the system. More than 20% of corporate taxes are collected columnists Greg David, Steve Hindy, Alair Townsend crain’s health pulse editor Barbara Benson ads to demand the report’s ideas be enacted. via audits, which suggests that the code is too complicated senior reporters Theresa Agovino, But lawmakers must take this report seriously. It’s an and that underpayment is endemic. An easier, fairer system Aaron Elstein, Lisa Fickenscher, Matthew Flamm, honest, independent assessment of the state’s messy tax code, with lower rates would capture as much revenue while Daniel Geiger, Adrianne Pasquarelli I reporters Joseph Anuta, Chris Bragg, which is so complex that employers spend heavily just to reducing administrative costs for businesses and the state. Andrew J. Hawkins, Thornton McEnery reporter/videographer Ken M. Christensen comply with it—and exploit its loopholes. Businesses would Tax simplification is something state legislators and the web reporters/producers Marine Cole, rather spend to modernize their operations, develop governor could Nazish Dholakia, Irina Ivanova, Nicholas Wells products and attract and retain talent. campaign on in 2014, art director Steven Krupinski Simplifying the deputy art director Carolyn McClain Sales taxes exemplify the system’s quirkiness. Slicing a an election year for all staff photographer Buck Ennis copy desk chief Steve Noveck bagel renders it taxable. A hot dog is taxed; a cold one is not. system would of them. Unfortunately, copy editor Thaddeus Rutkowski Tax is added at the candy rack but not in the cookie aisle; in the commission’s report data editor Suzanne Panara help businesses assistant data editor Emily Laermer the bodega but not at the vending machine.The law has to has no champion in researchers Elena Popina, Eva Saviano draw the line somewhere, but it could be a lot straighter. and government Albany. It is simply a ADVERTISING, MARKETING AND PRODUCTION While the tax commission punted on the many blueprint that lays out senior account managers Irene Bar-Am, David Harkey, Jill Bottomley Kunkes, conflicting policies that add up to $1.3 billion in food tax the tax code’s myriad Courtney McCombs, Suzanne Wilson breaks, it questioned big-money staples such as the problems and offers director of custom content Trish Henry sales coordinator Lauren Black exemption on clothing and shoe sales under $110. Intended ways to fix them events coordinator & scheduler to help the poor, this $800 million break confers 72% of its without raising or lowering taxes overall. Alexis Sinclair credit Todd J. Masura (313-446-6097) benefits on households earning more than $50,000 and Yes, lawmakers can ignore it without fear of political director of audience & content millions of out-of-town visitors. consequences. But the commission’s independence is also an partnership development Michael O’Connor senior marketing manager Focusing sales-tax exemptions on one demographic is asset: Its analysis was not driven by partisanship or ideology. Catherine Schutten impossible because at the point of sale, shoppers’ incomes are Its report is a cold, hard look at a system that has sorely director of conferences & events Courtney Williams unknown.The commission suggests removing the break and needed one, and the wisdom in it should be embraced. 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 senior web developer, interactive Chris Tumminello Taxing the city’s empties TO SUBSCRIBE: For print and digital subscriptions or customer service, e-mail [email protected] HIKING VACANT-LOT COSTS The incoming mayor’s plan boroughs and on Long Island or call 877-824-9379 (in the U.S. and Canada) or makes sense. Why should the shut down or consolidated 313-446-0450 (all other locations). $3.00 a copy for Before Mayor-elect Bill de owner of a 3-acre plot in the because the costs were too high. the print edition; or $99.95 one year, $179.95 two Blasio raises empty-lot taxes middle of the city pay just The wholesale flower and years, for print subscriptions with digital access. bloomberg news (“Lot owners: Put up or pay $8,000 per year to sit on land produce industries used to www.crainsnewyork.com/subscribe SHOULD MAYOR MICHAEL up,” Nov. 25), he needs to that appreciates dispropor- employ thousands, importing TO ADVERTISE: BLOOMBERG HAVE understand the many types of tionately with its tax burden? from Europe and South and Contact Lauren Black at zoning and how zoning affects Granted, there are a host of Central America directly into [email protected] or call 212-210-0736. RUSHED TO THE METRO- each vacant parcel. Why should complex issues, but it makes no JFK for distribution throughout www.crainsnewyork.com/advertise NORTH DERAILMENT? owners of a house with a lot sense unless you’re holding the tristate area. FOR INFORMATION ON OUR EVENTS: being used for parking or onto the land for purely Those businesses are gone Contact Courtney Williams at Yes. A mayor’s job is to lead. He should have gardening be pushed to sell or speculative reasons and using because it is actually cheaper to [email protected] or 212-210-0257. hopped on his private plane sooner and flown develop it? What if the zoning the tax loophole and zoning import those items to Miami www.crainsnewyork.com/events home. makes building impossible? laws to increase the cost basis International Airport, TO CONTACT THE NEWSROOM: No. Going to the crash scene would have Some communities, such as of a future transaction. warehouse them, and truck 711 Third Ave., New York, NY 10017-4036 served no purpose beyond creating a Centreville in Ozone Park, —rick them to New York. I have not editorial phone: 212.210.0277 fax 212.210.0799 photo op. Queens, may lack proper sewer been involved in these firms connections. Some developers WHY IMPORTERS WILTED but have had relatives who Entire contents ©copyright 2013 Crain Communications Inc. Date of poll: Dec. 3 All rights reserved. ®CityBusiness is a registered trademark hold land because they can were. They lost their jobs of MCP Inc., used under license agreement. 271 votes work on only a certain number In “Giving Brooklyn a business because of the changes. of projects at once. Also, many focus” (Nov. 25), Carlo Scissura Every politician and talking CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS residential areas of the city have laments, “Why aren’t companies head speaks of the need to chairman Keith E. Crain president Rance Crain been downzoned, limiting that do their business through create jobs, but I have yet to see treasurer Mary Kay Crain large-scale development. JFK, import/export companies, one with a feasible program to Cindi Crain Tax increases on such lots for example, doing business out generate decent-paying jobs for 28% 72% executive vp, operations William Morrow Yes No would be a hardship for there already? Because we need residents already here, rather executive vp, director of strategic homeowners trying to maintain to attract them.” than for the thousands of operations Chris Crain their quality of life, and would Good luck with that. I have transplants who come from senior vp, group publisher David Klein reduce their property values. seen firsthand entire import- other parts of the country. vp/production, manufacturing David Kamis —carl p. based industries that were based —glenn krasner founder G.D. Crain Jr. (1885-1973) New Hyde Park at JFK, in the surrounding Bronx 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.

12 | Crain’s New York Business | December 9, 2013 rate is higher. Finance companies How Bloomberg’s are squeezing their offices dramati- cally, and tech startups filling the void won’t and probably can’t pay tenure adds up top rents. Unemployment is higher than when Mr. Bloomberg took office, ichael Bloomberg should be leaving office but it remains a mystery how the city IN THE FACE OF ADVERSITY, could have created so many jobs and TIME WARNER CABLE BUSINESS CLASS with applause for accomplishing something have so many people unemployed.It that eluded Abe Beame, Ed Koch, David may be that the jobless number HELPS BUSINESSES WEATHER THE STORM. Dinkins and Rudy Giuliani: spurring the city simply isn’t accurate. Even given Wall Street’s current It’s no secret business continuity planning is critical in and helps ensure that calls connect when and where past its 1969 jobs peak. He’s done that and problems, people who work in fi- today’s ever-changing business environment. Ensuring customers intend. business continuity is a visible way of not only meeting more, because New York now boasts 4 million jobs. nance did better than anyone else. TWCBC Trunks make it simple to put a reliable voice customer expectations, but also helping safeguard a M solution in place that is easily managed through a us- Instead,the milestone has been tarnished by the idea that the The average pay for all other New company’s reputation in a highly competitive market- er-friendly customer web portal that is available 24/7. Yorkers rose less, but that did repre- place. Being prepared for the unexpected is vital to gains have gone mostly to the rich and to Wall Streeters—and In the event of an unplanned outage or during peak sent a real (inflation-adjusted) gain. the success of any business. In 2012, Hurricane Sandy calling periods, TWCBC customers can use Alternate besides, all those new jobs are at fast-food restaurants. proved this statement to be true. Meanwhile, the data show that Routing or Trunk Overflow to have inbound calls routed The truth is much more complex, as the key statistics of the the inequality and poverty picture is Hurricane Sandy went on record as the most destruc- to another location, without ever having to call techni- local economy make clear. not as simple as the latest mayoral tive storm of the Atlantic hurricane season and it be- cal support. In addition, TWCBC’s flexible options allow campaign slogans suggested. In- came the second-costliest hurricane in United States customers to choose a voice solution that can meet the Jobs shape the story’s outline. equality—best measured by the history. This storm was yet another reminder of the challenging demands of today and is highly scalable for Although Mr. Bloomberg took of- amount of income controlled by the importance of reliable voice and data communications the uncertainties of tomorrow. and the need for seamless connectivity. But business Customers who choose TWCBC have the added benefit of fice in the middle of a sharp but top 1%—rose substantially during continuity is not just about historic, high-profile di- getting all their communication services from a single short downturn after 9/11,he could the Bloomberg era. Poverty did not. sasters; it’s about being ready for anything that can provider – one with an outstanding record of reliability build on the accomplishments of cause costly disruption to a business. That’s where Of the 20 largest cities in the coun- and award-winning service. Time Warner Cable Busi- Time Warner Cable Business Class Voice Services can Mr. Koch, who rebuilt New York try, New York is the only one where ness Class ranks “Highest in Customer Satisfaction with help turn the tide. from the disastrous fiscal-crisis re- poverty did not increase. Large Enterprise Business Wireline Service” in the J.D. cession, and Mr. Giuliani, who The city did become far less af- Time Warner Cable Business Class (TWCBC) offers Power 2013 U.S. Business Wireline Satisfaction Study. overcame another severe downturn fordable, with Manhattan apart- secure and reliable Voice Services that leverage In- TWCBC’s reliable, local and dedicated support special- and benefited from Wall Street and ment prices up 60%, or twice what ternet Protocol (IP) technology to route calls over its ists are available 24/7 to help ensure customer needs extensive, fiber-rich network. Calls are not routed are met – when they need help the most. tech booms. the increase would have been if they across the public internet and TWCBC does not rely Let a TWCBC communications specialist help you imple- The headline number of 4 mil- had merely matched inflation. on the local phone company for “last-mile” access in ment a scalable communications solution and assist you lion jobs is important because it Bill de Blasio will walk into City delivering calls to its customers. Both the technol- GREG DAVID in preparing for tomorrow. For more information, visit ogy utilized and its network ownership gives TWCBC shows how the city suffered less in Hall on Jan. 1 with one of the clear- business.twc.com or call 866-906-3250 to learn more. the Great Recession and has out- est economic agendas of any new superior control over the quality of its Voice Services paced the rest of the nation in the re- kinds of jobs don’t pay as much, but mayor: Reduce inequality by taxing BUSINESS.TWC.COM covery. The federal bailout of the they buffer the city to some extent the very wealthy and do everything banks was crucial in limiting the from the securities industry’s in- in his power to raise pay for low- damage in the decline. evitable ups and downs. Tech is wage workers and make New York The recovery’s strength can be about to join that list—and those more affordable for them. To ac- traced to the mayor’s successful ef- companies do pay well. complish that,he will need an econ- forts to diversify the local econo- The changing nature of the city’s omy as strong as the one Mr. my—education, health, retail, economy can also be seen in office Bloomberg steered. leisure and hospitality all play much buildings. Rents have merely kept Good luck. Mr. de Blasio will more prominent roles today. Those pace with inflation, and the vacancy need it.

MIKE TRAILS RUDY AND ED HE OVERSAW A CHANGING ... IN WHICH UNEMPLOY- Recent NYC mayors ranked by jobs ECONOMY ... MENT WORSENED gained, lost: Education, health and hospitality jobs rose: Joblessness has persisted:

430,000 414,000 % of total, % of total, 8.7% Sector 2001 2013 6.1% Construction 3.8% 3.0% 270,000 2001 2013 Manufacturing 4.1% 1.9% Wholesale trade 4.2% 3.7% WAGES INCREASED, Retail 7.6% 8.5% ESPECIALLY ON WALL STREET Information 5.4% 4.4% Pay rose for those in finance, but not as much for everyone else: Finance (FIRE) 9.1% 8.1% % Giuliani Koch Bloomberg Professional 15.6% 16.0% 2001 2012 increase Avg. Wall $248K $361K +46% Education, health 17.7% 21.0% St. wage Leisure, hospitality 6.9% 9.5% Avg. for $50K $68K +34% -326,000-326,000 Government 15.4% 13.1% everyone else Source: New York State Labor Department, October Sources: Bureau of Labor Statistics, Dinkins 2001 and October 2013 Moody’s Analytics

INEQUALITY WORSENED ...... BUT POVERTY DIDN’T AVERAGE PRICES FOR APARTMENTS SOARED % of income for the top 1%: NYC’s poverty rate/rank among 20 largest cities: It’s more expensive to live in Manhattan: $1,434,614 38.5% 5th 13th 30.3% 21.2% 21.2% $894,617

2001 2013 2012 Second quarter 2001 vs. third quarter 2013 2001 2001 2012 (to eliminate Sept. 11 effect) Source: Fiscal Policy Institute Source: NYC Center for Economic Opportunity Source: Douglas Elliman

December 9, 2013 | Crain’s New York Business | 13 REAL ESTATE DEALS BARE BONES 250 W. 55TH ST. ASKING RENT; TERM: $100 per square foot; Sportswear outfit resizes on Sixth 15 years SQUARE FEET: 100,000 high-end sportswear firm recently “It’s a great boutique building general offices and for show- TENANT; REPS: Soros Fund signed a lease for 17,500 square feet at overlooking Bryant Park,”Mr.Levy rooms. Management; Jim Coleman 1071 Sixth Ave.,at the corner of West 41st said. “Vacancies are very rare.” —joe anuta and Steve Kaufman of Hanley Advisors Street, expanding its existing footprint In fact, some of the tenants have in the 12-story building. been in the 94-year-old property for LANDLORD; REP: Boston Properties; Peter Fashionable Turchin of CBRE Group Inc. ADavid Peyser Sportswear Inc.renewed its lease for well over 30 years. Mr. Levy attrib- 14,000 square feet on the 12th floor for another 10 uted such longevity to the location, Bleecker BACK STORY: The investment firm will take years and snatched up an additional 3,500 square feet the view and the strong relationship floors 26 to 28, as well as the penthouse on the 38th floor, for its new headquarters. on the eighth floor, according to broker David Levy some tenants have with the land- In time for Christmas, a of Adams & Co.,which owns the building.Mr.Levy lord. In this case, David Peyser has high-end fashion tenant is also represented the tenant in the transaction. The been in the building for several opening in the West Village. Noma Paris, recently signed a 10-year deal asking rents were $56 per square foot for the renew- decades. Boutique, which is named after the for 350 square feet at 323 Bleecker St., al and $59 per square foot for the new space. The tenant will use the space for hip North Marais neighborhood in between Christopher and Grove streets. The asking rent was about $340 per square foot. “Bleecker Street is a shopping destination with a great mix of tourists and local shoppers,” said Thibaud Vieuille, the City Square Group broker who represented the tenant. The owner of the new shop, INSPIRED Jean-Christophe Grand, plans to sell trendy Italian and French footwear,ranging in price from $200 to $300, for both men and women. “We come from the fashion world, and we know the market very well,” explained Mr. Grand. He ex- pects to open for business in mid- December. Landlord 49 Grove was represented in-house. 750 —adrianne pasquarelli Seventh Avenue Prepare to be inspired Law firm outgrows its year-old office Current Availabilities Law firm Goldberg Segalla is taking Entire 19th Floor – 16,662 rsf 12,500 square feet at 600 Lexington Ave.,and this time it has made sure it Entire 18th Floor – 17,155 rsf has plenty of room to grow.The new Can combine to create 33,817 rsf office is two and a half times the size of the old one, which it opened just Partial 17th Floor – 6,625 rsf a year ago at 780 Third Ave. There, Goldberg Segalla had taken 5,000 2
Distinctive Class A property square feet under a three-year lease. “They wound up adding attorneys 2
Floor-to-ceiling windows and building their business a lot soon- 2
Terrific natural light and views er than originally anticipated,” said Kyle Ciminelli, a broker at Newmark 2
Efficient side core floor plate Grubb Knight Frank who represents the tenant in leasing deals,along with

2
Close proximity to colleague Robert Eisenberg. world-class amenities That need left Messrs. Ciminel- 2
Immediate access to all forms of li and Eisenberg with the tricky task mass transportation (1, N, Q, R of finding the firm new space while disposing of the old, so that it was- at building entrance) n’t on the hook for two offices at once. At 600 Lexington Ave., a 36- story tower owned by SL Green Re- alty Corp., the asking rent for the space was $65 per square foot. Under its new five-year lease, Goldberg Segalla has options to add at least 10,000 square feet.The deal also gives the tenant the ability to switch to a building with bigger floors, if needed, to keep everyone on a single level. “SL Green is one of the largest landlords in the city, and there is a comfort level that if Goldberg Segalla does need more space, the landlord can find a space for them somewhere in their portfolio,” Mr. Ciminelli said. A Jones Lang LaSalle team Jonathan Fanuzzi Charles Gerace Paul N. Glickman Frank Doyle headed by broker Paul Glickman [email protected] [email protected] [email protected] [email protected] represents SL Green at 600 Lexing- 212-812-6044 212-812-5708 212-418-2646 212-812-5759 ton Ave. —daniel geiger

14 | Crain’s New York Business | December 9, 2013 IN-DEPTH INSIDE Close-up Profiles of six of the75 Best Places to Work PAGE 16 Meeting the challenge Working at a Best Places firm means fitting into the REPORT company’s culture PAGE 22 How Crain’s found the Best Places to Work To find the firms that were the best places to work, best Crain’s partnered with Best Companies Group, an independent research firm that conducted more places than 16,000 surveys of employees in New York City. To be eligible, businesses had to towork employ 25 or more workers within the five boroughs. Scores from employees, who answered a in NYC confidential 81- question survey, were combined with scores from a 94- question survey of employers. whois Questions focused on everything from benefits to on opportunities for #1 advancement. Results from the employee surveys the2013 made up 75% of the total score; Complete list results from the of all 75 winners employer surveys list? made up 25%. starts on Page 16

December 9, 2013 | Crain’s New York Business | 15 THE Crain’s Ranking of 75 of the Best Places to W LIST Rankings based on surveys of employees and employers in NYC Highest number within each column Lowest number within each column

With firm 2012 2011 five Time off Health NYC U.S. revenue revenue Average New Voluntary years (days per care Rank Organization name/location Industry Website/Twitter handle employees employees (in millions) (in millions) salary positions Layoffs1 turnover1 or more year) premiums

Elite SEM Search-engine marketing www.elitesem.com 30 60 $10.3 $6.7 $105,000 65 1% 1% 20%-34% Unlimited 100% S 242 W. 30th St. @elitesem 1 New York, NY 10001

Abacus Group Financial services www.abacusgroupllc.com 27 33 n/d n/d $100,000 3 0% 0% 0%-19% 15 100% 4 350 Seventh Ave. @abacusgroupllc 2 New York City, NY 10001 Crowdtap Technology www.crowdtap.com 40 40 $2.1 $1.7 $88,000 19 16% 5% n/a Unlimited 100% 4 225 Park Ave. South @crowdtap 3 New York, NY 10003 Kimpton Hotels & Restaurants Hospitality www.kimptonhotels.com 485 8,000 $110 $95.7 $76,892 3 4.5% 14% 35%-49% 21 100% 4 of New York City @kimptoninnyc 4 851 Sixth Ave. New York, NY 10001 Xaxis Advertising/public www.xaxis.com 105 105 n/d n/d n/d 16 5% 11% n/a 18 50%-74% 4 132 W. 31st St. relations/marketing @xaxistweets 5 New York, NY 10001

Likeable Media Advertising/public www.likeable.com 33 33 $5.1 $4.7 $63,858 7 n/d n/d 0%-19% 20 75%-99% 4 240 W. 37th St. relations/marketing @likeablemedia 6 New York, NY 10018 Text100 Advertising/public www.text100.com 51 131 $8.9 $7.8 $132,575 10 6% 17% 20%-34% 32 100% 4 352 Park Ave. South relations/marketing @text100 7 New York, NY 10010

Strategies for Wealth Financial services/other www.strategiesforwealth.com 105 195 $10.83 $11.43 $250,000 6 1% 2% 50%-74% 20 75%-99% D 120 Broadway n/a 8 New York, NY 10271 Allison+Partners Advertising/public www.allisonpr.com 40 152 $25 $19.4 n/d 12 0% 20% 50%-74% 21 75%-99% 4 71 Fifth Ave. relations/marketing @allisonpr 9 New York, NY 10003 Dstillery (formerly Media6Degrees) Technology www.dstillery.com 97 106 $36.7 $32.2 n/d 25 2% 12% n/d Unlimited 100% 4 37 E. 18th St. @dstillery 10 New York, NY 10003 Simulmedia Inc. Advertising/public www.simulmedia.com 54 54 n/d n/d $113,000 14 5% 5% 20%-34% 25 100% 4 670 Broadway relations/marketing @simulmedia 11 New York, NY 10012

Noom Inc. Technology www.noom.com 26 26 n/d n/d $111,000 12 5% 5% n/a Unlimited 100% n 530 W. 25th St. @noom 12 New York, NY 10001 Stack Exchange Technology www.stackexchange.com 58 85 n/d n/d $88,491 20 2% 10% n/a Unlimited 100% 4 110 William St. @stackexchange 13 New York, NY 10038

EMC(2) Technology www.emc.com 433 25,598 $21,000 $20,000 $156,829 23 n/d 2% 50%-74% 20 75%-99% 4 2 Penn Plaza @emccorp 14 New York, NY 10121 Cassidy Turley Real estate www.cassidyturley.com 196 3,891 n/d n/d $117,000 11 3% 5% n/d 18 75%-99% 4 277 Park Ave. @cassidyturleyre 15 New York, NY 10172 Squarespace Technology www.squarespace.com 140 142 $18.34 $14.74 n/d 50 0% 7% 0%-19% 90 100% 4 459 Broadway @squarespace 16 New York, NY 10013 Transwestern Real estate www.transwestern.net 32 1,948 n/d n/d $39,450 13 0% 7% n/a 18 50%-74% 4 400 Park Ave. @transwestern 17 New York, NY 10022 Intent Media Technology www.intentmedia.com 70 70 n/d n/d n/d 35 0% 14% n/a Unlimited 75%-99% 4 180 Varick St. @intentmedia 18 New York, NY 10014 Return Path Inc. Technology www.returnpath.com 55 290 $57.7 $45.5 $96,577 22 4% 13% 20%-34% 25 75%-99% 4 304 Park Ave. South @returnpath 19 New York, NY 10010 Horizon Media Advertising/public relations www.horizonmedia.com 680 800 $4,0005 $3,6005 $92,713 82 3% 18% 20%-34% 206 75%-99% 4 75 Varick St. /marketing @horizonmediainc 20 New York, NY 10013

Mondo IT resourcing www.mondo.com 70 320 $38.5 $26.3 $56,000 140 0% 25% n/d 30 50%-74% 4 102 Madison Ave. @mondo_agents 21 New York, NY 10016 SinglePlatform Technology www.singleplatform.com 105 105 n/d n/d $100,958 65 n/d n/d n/a 19 75%-99% 4 100 Broadway @singleplatform 22 New York, NY 10005

Charter School Business Consulting www.csbm.com 35 35 $2.4 $3.8 $76,217 11 3% 6% 0%-19% 18 75%-99% 4 Management Inc. n/a 23 237 W. 35th St. New York, NY 10001 North Highland Co. Consulting www.northhighland.com 41 866 n/d n/d $118,628 8 0% 13.3% 0%-19% 30 50%-74% 4 35 Ashbrook Lane @nhighlandglobal 24 West Milford, NJ 07480 Frankfurt Kurnit Klein & Selz Legal www.fkks.com 113 113 n/d n/d n/d 7 0% 5% 20%-34% 15-297 50%-74% 4 488 Madison Ave. @frankfurtkurnit 25 New York, NY 10022

16 | Crain’s New York Business | December 9, 2013 o Work in NYC

Retirement Tuition Time off Meal/ plan/ assistance/ for Telecom- Fitness/ snacks company reimburse- community muting wellness onsite or match2 ment service option initiatives subsidies Founded Marks of distinction

Simple IRA Yes Yes Yes No Yes 2004 This year’s No. 1 best place to work in NYC is a rapidly growing search agency brimming with self-starters who SPOTLIGHTS 100% can work anywhere in the world while helping to shape the future of online marketing. Besides offering everything from a share of the profits to an employee book club, the company provides opportunities for colleagues to recognize each other’s achievements with a range of gifts. Each year, staffers are treated to Fun Week, a getaway of recreational activities, as well as professional training that enables them to be the best they can be. 401(k) Yes Yes Yes Yes Yes 2008 The firm serves the financial industry with state-of-the-art information technology. It caters to its 3% of pay employees with amenities that include a lactation room for breast-feeding moms and flexible work #1 schedules. ELITE SEM 401(k) Yes Yes Yes Yes Yes 2009 Techies flourish in a firm that doesn’t hand out assignments or deadlines but empowers workers to come up 50% with solutions, as well as develop ideas that can be integrated into its platform, which facilitates Recognition and collaboration between marketers and their customers. Employees kick back with karaoke and bowling. 401(k) Yes Yes No Yes Yes 1981 The hospitality chain extends a warm welcome to diverse employees. Along with recruiting minorities, it fun add up 25% up to runs a minority mentoring program, and it has established resource groups for lesbian and gay workers. 6% of pay Domestic partners are included in its medical benefits. WHEN EMPLOYEES JOIN ELITE SEM, they soon know if they’re in the right place. % 401(k) Yes No Yes Yes Yes 2011 Xaxis takes a holistic approach to its employees’ workplace experience, providing weekly group meditation Fellow workers tend to be analytical, 6% sessions that give staffers time to clear their minds and learn tools for concentration and breathing. One- on-one stretch yoga sessions teach customized techniques for releasing tension and increasing flexibility, detail-oriented and driven. They also while its chair massage program helps workers alleviate carpal tunnel syndrome, headaches and stiff necks. play well with others. That personality % 401(k) Yes Yes Yes Yes Yes 2007 Potluck meals, happy hours, field days and holiday celebrations foster a collegial atmosphere, while combo is no accident—it’s a result of 3% massages, yoga, exercise bikes and snacks encourage a healthy lifestyle. the search-engine marketing firm’s stringent hiring process, which 401(k) No No Yes Yes Yes 1981 Taking the day off for anything that strikes a worker's fancy—whether it’s getting more shuteye after an involves everything from posing such 100% on first epic concert the night before or spending the day in Central Park with friends—is OK at this PR firm, quirky interview questions as “When 3% of pay; 50% provided that no client obligation or major meeting is on the calendar. Flexible work schedules allow on next 2% employees to live their lives. were you most grateful?” to requiring candidates to pass muster in both % Defined- Yes Yes Yes No No 1934 New associates get off to a good start with mentors, and extensive training programs help all employees benefit develop and grow professionally. Workers also get valuable instruction on managing stress and time, as well one-on-one and group interviews. pension, 100% as on achieving a healthy work-life balance. “Players want to be around % 401(k) Yes Yes Yes Yes Yes 2001 An open-door policy provides direct access to top management. Employees are welcome to discuss career players,” said Ben Kirshner, CEO of up to 6% objectives. A formal mentoring program offers extra support and guidance. the nine-year-old firm. But to ensure of pay new additions don’t derail the 401(k) n/d Yes No Yes Yes 2008 Cutting-edge work, opportunities for advancement and a shared passion for technology make this a haven collaborative culture, the firm also none for tech go-getters. Innovation Day—when workers conceive ideas for new products and then vote on the best three to pursue as a company—feeds the inventive spirit. “makes sure no one is a jerk.” There are myriad ways to reinforce 401(k) Yes Yes Yes Yes Yes 2008 Risk-takers with a passion for learning feel at home in a place where mistakes aren’t the end of the world, none and a biweekly happy hour combines with a presentation on an industry-related topic. A lunch-and-learn the collegial spirit: a group lunch every program not only gives employees insight into each department’s work but provides additional Friday, professional training and a opportunities to explore industry issues. yearly getaway, called Fun Week. A n/a Yes No Yes Yes Yes 2009 Workers enjoy daily chef-prepared healthy lunches that incorporate employees’ favorite foods, as well as monthly employee vote recognizes traditional dishes from their native lands. Staff-brewed coffee and beer add to the aromatic workplace. colleagues’ outstanding work with a gift card. Twice a year, employees 401(k) Yes No Yes Yes Yes 2010 When traveling on business, employees—regardless of rank—get VIP treatment. Depending on a flight’s 100% up to first duration and time, they’re welcomed to fly first or business class, and a luxury car awaits them at the nominate and vote for the recipient of 3% of pay; 50% airport. a Reign Maker Award, an all-expenses- on next 2% paid vacation for the winning workers. % 401(k) Yes Yes Yes Yes Yes 1979 Situated in a recently renovated and expanded space, this company has a proven track record of promoting These are just some of the efforts up to $3,000 from within. It also has a heart, having adoped a Bronx school where the firm’s employees, individually and that add up to a rapidly growing, together, volunteer as mentors to students, faculty and administrators. profitable firm with revenue of $10.3 % 401(k) Yes Yes No Yes No 2010 An open layout allows for information sharing, and, as much as possible, employees are kept in the loop million last year and a negligible 1% 50% about the company’s performance and direction. voluntary turnover rate, the ultimate index of a supremely contented 401(k) Yes No Yes Yes Yes 2004 Staffers flourish in a place where the furnishings are beautiful and there’s plenty of respect for the creative up to process—even if a project takes time to complete. Workers can also order any tech equipment they want. workplace. $3,000 401(k) Yes Yes No Yes Yes 1978 The tension that can accompany real estate deals in the city evaporates with yoga classes, Central Park none running seminars and quarterly potluck lunches. And team-building activities, like pumpkin painting and a cooking competition, add a light and lively touch to the calendar. 401(k) Yes Yes No Yes Yes 2009 Employees know they’re valued, with staff meetings that feature updates by the CEO and a workday that #3 none provides some good laughs. Courtesy of a gif email distribution, staffers can share humorous gifs or videos, often based on a theme. CROWDTAP 401(k) Yes Yes Yes Yes Yes 1999 From decorating its entrance with employees’ bios to sharing everything from operating results to strategic none decisions, this tech company lets workers know they’re appreciated. Plus, the firm sends a teddy bear or toy Creativity encouraged monkey to the new baby in their lives. % 401(k) Yes Yes Yes Yes No 1989 Workplace amenities, such as a walking and running club, sports teams, a game room and an outdoor RATHER THAN GIVE OUT ASSIGNMENTS 100% up to terrace that doubles as a sun deck, are as meaningful to employees as its philanthropic initiatives. The firm's and deadlines, Crowdtap makes 2% of pay efforts include dispatching 20 employees to Trinidad to work with Habitat for Humanity and providing employees aware of business media support to the Partnership at Drugfree.org. challenges and encourages them to % 401(k) Yes Yes Yes Yes Yes 2000 This company does more than foot the bill for in-office manicures, chair massages, monthly happy hours none and company sports teams, including flag football. It also fully funds a corporate requirement: a two-week come up with creative solutions. international sabbatical during the fourth year of employment. Workers are also expected to develop % 401(k) Yes Yes No Yes Yes 2009 Although acquired last year, this online marketing firm retains the energetic pace of a startup. Guest ideas that can be integrated into the 100% up to speakers from the city’s tech scene help nourish the the firm’s entrepreneurial spirit, as well as employees’ four-year-old tech firm’s collaborative 3% of pay; personal dreams. platform, which allows consumers to 50% on next 2% chime in on products and help in % 401(k) Yes No Yes Yes Yes 2006 At this nonprofit, going above and beyond the call of duty for colleagues has its rewards, which can range publicizing brands. 100% up from gift cards to free flights. But the biggest motivator is the shared commitment to improving the to 4% education of underprivileged students. Like other tech startups, Crowdtap of pay leaves room for fun. Remote-control 401(k) Yes Yes Yes Yes Yes 1992 Working at this 100% employee-owned consulting firm means reaping the rewards of its successes while helicopters, bowling and karaoke help 3% to 6% never having to satisfy the demands of outside investors or shareholders. Employees are also in control of build camaraderie and a supportive, of pay decisions that affect their work-life balance and can work where they live. playful environment. An on-site % 401(k) Yes Yes Yes Yes Yes 1977 Spotting Academy Award-winning celebrities and individual artists aren’t the only things that make this a massage provides an antidote to 25% up to special place. It also provides career development training. especially busy times. —CARA S. TRAGER 6% of pay

December 9, 2013 | Crain’s New York Business | 17 THE 19% 53% 55% 89% 61% 19% offer paid run on-site personal-development offer financial give paternity provide lactation offer last-minute backup LIST sabbaticals and/or stress-management programs education leave facilities child or elder care

With Highest number within each column Lowest number within each column firm 2012 2011 five Time Health NYC U.S. revenue revenue Average New Voluntary years off (days care Rank Organization name/location Industry Website/Twitter handle employees employees (in millions) (in millions) salary positions Layoffs1 turnover1 or more per year) premiums OnDeck Financial services www.ondeck.com 120 212 $36.7 $19.5 $100,536 75 10% 5% 35%-49% 16 50%-74% 1400 Broadway @ondeckcapital 26 New York, NY 10018 Myriad Supply Technology www.myriadsupply.com 45 50 $22.9 $17.8 $124,155 14 9% 11% 20%-34% 15 50%-74% 22 W. 19th St. @myriadsupply 27 New York, NY 10011 Cohn & Wolfe Advertising/public www.cohnwolfe.com 148 553 n/d n/d $105,054 5 n/d n/d n/d 23 50%-74% 200 Fifth Ave. relations/marketing @cohnwolfe 28 New York, NY 10010

Alston & Bird Legal www.alston.com 207 1,830 $686.1 $644.3 $292,305 19 0% 20% n/d 29 75%-99% 90 Park Ave. @alstonbird 29 New York, NY 10022

Silverstein Properties Inc. Real estate www.silversteinproperties.com 325 331 n/d n/d n/d 10 1% 5% 35%-49% 10 75%-99% 250 Greenwich St. n/a 30 New York, NY 10007 Abacus Group Staffing www.abacusnyc.com 32 32 n/d n/d $160,000 4 50% 50% 50%-74% 19 75%-99% 14 Penn Plaza @abacusnyc 31 New York, NY 10122 WithumSmith+Brown Accounting www.withum.com 54 431 $88 $74 $159,663 2 12.1% 8.1% 75% 13 75%-99% 1411 Broadway @withumcpa or higher 32 New York, NY 10018 Wolff Olins Branding www.wolffolins.com 60 60 n/d n/d n/d 2 n/d n/d 20%-34% 32 75%-99% 200 Varick St. @wolffolins 33 New York, NY 10014

Big Spaceship Digital agency www.bigspaceship.com 65 65 n/d n/d $99,000 8 1.5% 18% 50%-74% 15 75%-99% 45 Main St. @bigspaceship 34 Brooklyn, NY 11201 Conductor Inc. Technology www.conductor.com 92 95 n/d n/d $97,000 38 0% 1% 50%-74% 21 50%-74% 2 Park Ave. @conductor 35 New York, NY 10016 Source One Engineering www.sourceone-energy.com 36 75 n/d n/d $85,000 7 0% 3% 50%-74% 28 75%-99% 370 Seventh Ave. @sourceoneenergy 36 New York, NY 10001 Criteo Technology www.criteo.com 53 118 n/d n/d $103,782 25 2% 11% n/a 19 100% 100 Sixth Ave. @criteo 37 New York, NY 10013

CPXi Advertising/public www.cpxinteractive.com 107 113 $74.8 $53.3 $91,245 34 22.1% 7% 20%-34% 15 100% 1441 Broadway relations/marketing @cpxinteractive 38 New York, NY 10018 Bingham McCutchen Legal www.bingham.com 238 1,558 $868.5 $873 $514,130 10 2.7% 13% 50%-74% 28 75%-99% 399 Park Ave. @binghamlaw 39 New York, NY 10022 Corra Technology www.corra.com 28 37 n/d n/d n/d 21 7% 0% 0%-19% 17 50%-74% 112 W. 34th St. @gocorra 40 New York, NY 10120 MetLife Financial Group of NY Financial services/other www.metlifefgny.com 108 108 $22.5 $22 $60,000 12 10% 2% 75% 20 75%-99% 277 Park Ave. n/a or higher 41 New York, NY 10172

Rusk Renovations Inc. Construction www.ruskrenovations.com 49 49 $12.1 $9.5 $83,932 13 4.2% 4.2% 20%-34% 15 75%-99% 6 W. 37th St. @ruskrenovation1 42 New York, NY 10018 Orion Holdings Advertising/public www.orionholdingsww.com 108 780 n/d n/d $93,500 43 12% 8% 20%-34% 18 75%-99% 622 Third Ave. relations/marketing @orionholdingsww 43 New York, NY 10017 Shawmut Design and Construction Construction www.shawmut.com 143 654 $680 $665 $115,894 13 7% 10% 50%-74% 20 100% 3 E. 54th St. @shawmut_builds 44 New York, NY 10022 Specialist Staffing Solutions Staffing www.sthreecareers.com 58 163 $899 $830 n/d 30 12% 23% 20%-34% 23 100% 1270 Sixth Ave. @sthreecareers 45 New York, NY 10020 Logicworks Technology www.logicworks.net 75 75 n/d n/d $80,000 12 4% 16% 20%-34% 18 75%-99% 155 Sixth Ave. @logicworks 46 New York, NY 10013 Cooley Legal www.cooley.com 191 1,510 $617 $564 $173,948 13 2.3% 8.3% n/d 30 75%-99% 1114 Sixth Ave. @cooley 47 New York, NY 10036 First Protocol Event management www.firstprotocol.com 57 57 $2.7 $2.5 $800,000 17 0% 6% 0%-19% 15 50%-74% 630 Ninth Ave. n/a 48 New York, NY 10036 Hunton & Williams Legal www.hunton.com 161 1,480 $5568 $5908 $224,226 28 2% 6.7% n/d 21 75%-99% 200 Park Ave. @hunton_williams 49 New York, NY 10166 Microsoft Corp. Technology www.microsoft.com 689 57,572 $17,367 $18,059 n/d n/d n/d n/d n/d 27 100% 1290 Sixth Ave. @microsoft 50 New York, NY 10104

18 | Crain’s New York Business | December 9, 2013 64% 45% 72% 66% give free or discounted tickets to enroll new hires in health invite immediate family offer productivity/ time- entertainment/sporting events plan on their first day to corporate events management workshops

Retirement Tuition Time off Meal/ plan/ assistance/ for Telecom- Fitness/ snacks company reimburse- community muting wellness onsite or match2 ment service option initiatives subsidies Founded Marks of distinction 401(k) Yes No Yes Yes Yes 2007 Each group of new hires receives the red-carpet treatment, enjoying substantial time with senior executives none and learning how much of an impact they can have on the firm. That sets the tone for a place with a strong sense of community, where an open floor plan encourages everyone to be part of the conversation. 401(k) Yes No Yes Yes Yes 2003 With an office dog, a shower and a stocked kitchen, as well as margaritas to end the workweek, this place SPOTLIGHTS 3% of pay is a home away from home. It’s also a great training ground, teaching employees the skills they need to succeed in their roles. 401(k) Yes No Yes Yes Yes n/d From brainstorming tools to the perfect song to beat the 3 p.m. slump, employees profit from the practices 100% up to that effectively fuel imaginative ideas at the agency’s other offices. Creativity also extends to an unusual 5% of benefit: pet insurance. employee contribution #32 401(k) Yes Yes Yes Yes Yes 1893 Employees get help achieving balance, thanks to a firm-subsidized concierge service that assumes and profit- responsibility for everything from running errands to researching vacations. Depending on their position, WITHUMSMITH+ sharing, 1% employees can work remotely, job-share or work a condensed week. of pay and BROWN 7% profit- sharing contribution ‘No jerks’ allowed 401(k) Yes Yes Yes Yes Yes 1957 Employees take pride in the developer’s landscape-changing projects, including rebuilding the World Trade 4% Center site. They also value its commitment to helping them achieve balance in their lives, with half-day WITHUMSMITH+BROWN attracts and Fridays and four-day holiday weekends providing extended quality time with family. retains employees in an accounting n/a Yes Yes Yes Yes Yes 1997 The firm’s partners conduct weekly sales meetings that aren’t just about strategizing but are for discussing industry where competition for employees’ business and nonbusiness concerns. That sense of freedom translates into a workplace where experience and talent is fierce. employees aren’t micromanaged. The company keeps lines of 401(k) Yes Yes Yes Yes Yes 1974 During the accounting profession’s busy season, employees get to de-stress with recreational and social communication open between top variable activities. And no matter the time of year, the firm doesn’t tolerate contentious work styles and management and rank-and-file personalities. workers. Its “no jerks” policy is a big 401(k) Yes No No Yes Yes 1965 Employees get a firm grip on their professional and personal goals, thanks to mentors providing weekly hit with employees. 50% up to coaching to make sure workers have the proper tools, conditions and encouragement to achieve their During the grueling tax season, it 4% of ambitions. A lactation room helps new moms. deferral adds levity with recreational thematic dress-up days, bowling parties and 401(k) Yes Yes Yes Yes Yes 2000 The collaborative spirit is prized at this digital-media firm, where employees work together on projects for none such companies as Adobe, Chobani, Crayola and Google, and then can kick back together to play Foosball. free meals. Dogs in the office and flexible work hours add to the positive vibe. In a deadline-driven profession, 401(k) Yes Yes Yes Yes Yes 2006 This rapidly growing tech operation is not only synonymous with career advancement—as evidenced by the the firm encourages employees to none number of leaders and executives who rose through the ranks to their current positions—it's also about achieve balance by permitting them transparency. The CEO provides regular updates about risks, opportunities and challenges. to work remotely, offering a flex % 401(k) Yes No Yes Yes No 1998 Employees can develop at their own pace and take on as much responsibility as they can handle. Large- schedule and, during the summer, 50% up to scale projects cultivate new skills for a successful career. closing the office at 3 p.m. on 6% of pay Fridays. 401(k), Yes No Yes Yes Yes 2005 Opportunities for advancing within this fast-growth firm are matched by a commitment to workers’ well- 100% for being. Offerings include everything from a $500 wellness allowance to treadmill desks. first 3% of pay; 50% on next 2% “Safe harbor No No No Yes Yes 2000 This global company retains its entrepreneurial spirit. Brainstorming is just as likely to occur while playing plan,” pinball as it is sitting in the executive conference room. And the firm knows how to have fun, with trips to #42 3% of pay upstate ski resorts and semiannual parties at the CEO’s house. 401(k) Yes Yes Yes Yes Yes 1891 Employee birthdays, engagements, weddings, new babies and milestone work anniversaries get an extra RUSK 50% up to celebratory boost with gifts from this top law firm. But the biggest gift of all is its commitment to 2.5% of pay accommodating individual needs with flexible and part-time schedules. RENOVATIONS 401(k) Yes No Yes Yes Yes 2002 Recognition comes in many different forms, including shout-outs via e-blasts and social media, as well as up to 6% promotions, spot bonuses, gift certificates and more responsibility. The agency also tips its hat to the INC. of pay moonlighting musicians in its midst, providing opportunities to jam at its gigs. 401(k) Yes Yes Yes Yes No 1868 When it comes to their families, employees know that this company has their backs. Flexible work hours Lunch and listen 4% accommodate everything from school events to a relative’s medical appointments, while the employee- sponsored Eldercare Assistance program includes such services as transportation to medical appointments, IN ADDITION TO OUT-OF-OFFICE meal deliveries and counseling support for caregivers. LUNCHES, Rusk Renovations holds a 401(k) Yes No No Yes Yes 1986 Good eats are plentiful at this firm, which provides free monthly lunches in the office and all job sites. companywide meeting four to six up to 4% And companywide meetings include a meal prepared by the administrative concierge, who is also a chef. of pay times a year to discuss current and upcoming projects, provide mini- 401(k) Yes Yes Yes Yes Yes 1996 The sign on the founder’s desk sums it all up—“Work hard and be nice to people”—at this firm, where 50% up to inflated egos and one-upmanship aren’t tolerated. That respectful spirit is immediately apparent to training on safety issues and review 6% of pay newcomers, with members of the management team going out of their way to welcome them onboard. financial matters, and listen to 401(k) Yes Yes No Yes Yes 1982 This place knows how to party. It’s margaritas and Mexican food on Cinco de Mayo, costumes, spooky employees’ challenges and 50% up to snacks and drinks on Halloween, and beer and snacks on poker nights. suggestions. 4% of pay As part of the gathering, 401(k) Yes Yes No Yes Yes 1986 Employees form personal relationships as they work together to achieve shared sales goals. They can also employees partake in a meal 4% of pay manage their career paths, with the firm providing a formal description of what needs to be accomplished prepared by the 27-year-old firm’s at each level in order to earn a promotion. administrative concierge, who is also 401(k) No Yes Yes Yes Yes 1993 With promotions based on accomplishments, workers can further their careers by taking on ever- a chef. 4% challenging assignments. As evidence, the majority of the company's senior management, including the In addition, once a month Rusk CEO, started out in junior positions. provides lunch to employees in its 401(k) Yes Yes Yes Yes No 1920 This is a place to build a satisfying career. Generous bonuses, a preference to promote from within and office and at all job sites, with project none competitive salaries, as well as openness about financial issues, go a long way toward retaining employees. supervisors using the special lunch breaks to share information and hang % 401(k) Yes Yes Yes Yes Yes 2004 Whether employees have a problem, complaint, suggestion or observation, they can feel free to speak up. 3% And with the firm willing to make changes in policies, procedures and decisions, workers know their input out. It’s not unusual, too, for one of counts. the company’s principals to drop in at 401(k) Yes Yes Yes Yes Yes 1901 With backup emergency child- and adult-care programs and a concierge service, employees needn't fret a site to listen to employees’ needs 5% of pay when they need assistance with personal issues. The caring mindset extends to the outside world, with and concerns. workers encouraged to do pro bono work and participate in disaster-relief efforts. —CARA S. TRAGER 401(k) Yes No Yes Yes Yes 1975 It’s not only about the thrill of working on new products at this international powerhouse or being proud 50% up to of its philanthropy. Its winning ways extend to best-in-class benefits, from paying health insurance 6% of pay premiums for employees and their dependents to offering backup child or elder care when regular caregivers are suddenly unavailable.

December 9, 2013 | Crain’s New York Business | 19 THE 93% 28% 69% 55% 35% offer a retirement pay 100% of employees’ give paid time off hold meetings and staff provide adoption LIST savings program health care premiums for charitable work events only during work hours assistance

Highest number within each column Lowest number within each column With firm 2012 2011 five Time Health NYC U.S. revenue revenue Average New Voluntary years off (days care Rank Organization name/location Industry Website/Twitter handle employees employees (in millions) (in millions) salary positions Layoffs1 turnover1 or more per year) premiums National Futures Association Financial services/other www.nfa.futures.org 64 370 n/a n/a $93,700 24 10% 18% 20%-34% 26 75%-99% 4 1 New York Plaza @nfa_news 51 New York, NY 10004 NetApp Technology www.netapp.com/us 129 7,688 $6,332 $6,233 n/d 60 2.1% 9.1% 35%-49% 29 75%-99% 4 100 Park Ave. @netapp 52 New York, NY 10017 Bisnow Media and events www.bisnow.com 30 82 $10.9 $7.4 $55,000 11 0% 0% 35%-49% Unlimited 75%-99% n 21 W. 46th St. @bisNow 53 New York, NY 10036 Sheppard Mullin Legal www.sheppardmullin.com 74 1,168 $437.5 $400 $189,376 0 4.5% 5.4% n/d 20 100% 4 30 Rockefeller Plaza @sheppardmullin 54 New York, NY 10112 ZocDoc Health care insurance/ www.zocdoc.com 316 383 n/d n/d n/d 107 n/d n/d 0%-19% Unlimited 100% 4 568 Broadway services @zocdoc 55 New York, NY 10012

KBS+ Advertising/public www.kbsp.com 418 418 n/d n/d $46,012 63 8% 27% 20%-34% 19 75%-99% 4 160 Varick St. relations/marketing @kbsp_agency 56 New York, NY 10013

Bonobos E-commerce www.bonobos.com 156 156 n/d n/d n/d n/d 6% 4% 0%-19% Unlimited 100% N 45 W. 25th St. @boNobos 57 New York, NY 10010 Anchin Block & Anchin Accounting www.anchin.com 332 332 n/d n/d $121,223 18 3.4% 7.1% n/d 30 50%-74% 4 1375 Broadway @anchincpa 58 New York, NY 10018 Fluent Inc. Technology www.fluentco.com 46 48 $45.3 $41.9 $87,500 3 8% 8% n/a 18 50%-74% Y 295 Madison Ave. @fluentinc 59 New York, NY 10017 Silverline Technology www.silverlinecrm.com 31 41 $6.0 $4.7 n/d 11 4% 9% n/a 20 75%-99% 4 648 Broadway @silverlinecrm 60 New York, NY 10012 UMT Consulting Group Consulting www.umt.com 91 134 $30 $23 $129,245 41 10% 4% 50%-74% 23 75%-99% 4 1 Battery Park Plaza @umtcg 61 New York, NY 10004 Integral Ad Science Technology www.integralads.com 57 67 $12.14 $3.74 $50,000 31 4.5% 9.0% 0%-19% 15 50%-74% 4 37 E. 18th St. @integralads 62 New York, NY 10003 Undertone Advertising/public www.undertone.com 179 248 $2004 $1254 $112,677 22 14% 21% 0%-19% 29 100% 4 340 Madison Ave. relations/marketing @accessundertone 63 New York, NY 10173

Michael Page Staffing www.michaelpage.com 97 201 $55.6 $52.7 $77,340 70 14% 18% 20%-34% 29 50%-74% 4 405 Lexington Ave. @michaelpageus 64 New York, NY 10174 Edelman Advertising/public www.edelman.com 650 2,329 n/d n/d $111,214 140 4% 18% 20%-34% 31 75%-99% 4 250 Hudson St. relations/marketing @edelmanpr 65 New York, NY 10013 Percolate Industries Inc. Technology www.percolate.com 52 52 n/d n/d $93,000 25 4% 0% n/a Unlimited 50%-74% 4 107 Grand St. @percolate 66 New York, NY 10013 24 Seven Inc. Staffing www.24seventalent.com 95 190 $103 $90 $81,117 10 0.1% 4% 35%-49% 14 50%-74% 4 120 Wooster St. @24seventalent 67 New York, NY 10012

Tough Mudder Events www.toughmudder.com 134 134 $76 $19 $77,000 90 17% 3% n/a 36 75%-99% 4 261 Sixth Ave. @toughmudder 68 New York, NY 10016

MBLM Integrated brand agency www.mblm.com 32 32 $7.0 $5.0 $110,000 13 0% 3% n/a 30 100% n 7 W. 22nd St. @mblm_tweets 69 New York, NY 10010 New York Cares Nonprofit/other www.newyorkcares.org 84 84 $9.5 $9.3 $52,707 6 0% 9% 20%-34% 26 75%-99% 4 65 Broadway @newyorkcares 70 New York, NY 10006 Spongecell Technology www.spongecell.com 47 73 n/d n/d n/d 33 2.8% 7% n/d 30 100% 4 261 Madison Ave. @spongecell 71 New York, NY 10016 Studley Real estate www.studley.com 154 579 $342.54 $338.44 $192,092 10 1% 6% 50%-74% 18 50%-74% 4 399 Park Ave. @studleyinc 72 New York, NY 10022 Tarter Krinsky & Drogin Legal www.tarterkrinsky.com 86 86 n/d n/d $162,877 19 0% 6.8% 20%-34% 30 50%-74% n 1350 Broadway n/a 73 New York, NY 11238

Evoke Health Advertising/public www.evokehealth.com 65 130 n/d n/d n/d 25 0% 15% 0%-19% 13 75%-99% 4 920 Broadway relations/marketing @evokehealth 74 New York, NY 10010 Telx Telecommunications www.telx.com 170 346 $214 $172 $116,520 61 2.3% 7% 20%-34% 18 75%-99% 4 1 State St. @telx_group 75 New York, NY 10004 Research: Cara Trager, Suzanna Panara, Emily Laermer and Elena Popina. New York City includes the five boroughs: Bronx, Brooklyn, Manhattan, Queens and Staten Island. Crain’s New York Business uses staff research, extensive surveys and the most current references available to agencies are not eligible. All data are through August 2013 unless otherwise noted. n/a-Not applicable. n/d-Not disclosed.1-Best Places does not include layoff and voluntary turnover rates as part of the evaluation process because some industries are more prone to turnover than ot 6-Sick days as needed.7-Vacation days are based on type of position and length of employment.8-Fiscal year ends March 31. 9-Retirement plan slated for January 2014 introduction. 10-401(k) plan begins January 2014. 11-Plans to introduce a 3% match in 2014.

20 | Crain’s New York Business | December 9, 2013 7% 32% 99% 83% 92% pay all or part of child care allow no overtime offer bonuses or offer Flexible offer domestic- regularly or during busy seasons or limit it incentive programs Spending Accounts partner benefits

Retirement Tuition Time off Meal/ plan/ assistance/ for Telecom- Fitness/ snacks company reimburse- community muting wellness onsite or match2 ment service option initiatives subsidies Founded Marks of distinction 401(k) Yes Yes Yes Yes No 1982 Cash is king at this industry association, where 25% of the employees are likely to receive bonuses that can 100% up to be as high as 25% of their salaries. Workers also stand to receive spot cash rewards of anywhere between 6% of pay $25 and $6,000, with $3,500 representing the average gift for a job well done. % 401(k) Yes Yes Yes Yes Yes 1992 A steadfast commitment to a “one team” culture means any worker can access any executive for a face-to- SPOTLIGHTS up to face meeting. That atmosphere also makes even summer interns instantly feel a part of this mega-company. $3,000 none No Yes Yes Yes Yes 2005 Getting in shape is easy and convenient, with jump ropes, yoga balls, ping-pong and an exercise bike on-site. Then there are Fitness Fridays, which encompass activities like bowling, soccer, city runs and even paintball.

No No No With this global law firm offering flexible schedules, staffers can experience a quality personal life. And at #57 401(k) Yes Yes n/d contributes the end of the workweek, a beer keg in the kitchen and an Xbox allow workers to enjoy downtime together. 6% of salary BONOBOS 401(k) Yes Yes Yes Yes Yes 2007 While free, daily catered lunches, karaoke parties and thematic happy hours add up to a casual workplace, none employees take special pride in the life-saving value of their firm’s online medical appointment platform. Suits diverse interests Employer-paid health/vision/dental insurance for all workers, their partners and children drives home the point that the firm cares about everyone’s health. BONOBOS, A FAST-GROWING MENSWEAR % 401(k) No Yes No Yes Yes 1987 At an agency where a supply closet is lined with 3-D printers, a laser cutter, circuit boards and soldering manufacturer and retailer that’s 20% irons, inventive employees can indulge their innovative sensibilities and then see the fruits of their genius launching a women’s line next year, turn into marketable products and even new businesses. The firm not only recognizes their efforts at meet- does more than make a good fit a ings but rewards them, with $100 gift cards given out each month and up to $10,000 for winners of its annual invention competition. priority. The six-year-old firm, which began as an e-commerce-only business None Yes Yes No Yes Yes 2007 With its mission “to be the most-loved clothing company of all time,” the menswear firm gives full-time employees equity in the business and recognizes exceptional work with a gift card. It also wins over workers selling men’s pants, also does well by with a three-day, two-night retreat. its employees, providing a raft of 401(k) Yes Yes Yes Yes Yes 1923 Employees’ loyalty is rewarded. The firm fills most partner and senior management positions from within, amenities to a wide range of workers, 1% and it arms managers and supervisors with the training they need to strengthen their leadership and mana- from outdoorsy types to travel buffs. gerial skills. Camp Bonobos, for example, is a Yes 9 Yes No Yes Yes Yes 2010 Tight-knit staffers serve as cheerleaders for each other’s successes, imbuing the tech workplace with a sense three-day, two-night recreational retreat of family. And with a company field day, a raft of games and a fully loaded kitchen and bar, as well as the where workers go to unplug, while the recent addition of a massage day, workers get to relax and rejuvenate. Work Prom gives them a chance to get 401(k) Yes Yes Yes Yes Yes 2010 In a quiet space, with the lights dimmed to achieve a spa-like environment, in-office, quarterly decked out to dance and party. 4% massages knead away stress, while monthly socials provide added relaxation and quality downtime with colleagues. The literary set is also indulged, with on-site book-club discussions led by the 401(k) Yes Yes Yes Yes Yes 1990 Family-friendly describes this firm, with such offerings as adoption benefits and paternity leaves. Consul- none tants are typically away three nights and four days, but they can spend the fifth day of the workweek in the CEO; the company gives every New York office or at home. employee a Kindle, as well as Amazon 401(k) Yes Yes Yes Yes Yes 2008 At this collegial workplace, employees are encouraged to recommend new hires and have a voice in enhanc- gift certificates. none ing products. Wacky team events, such as citywide scavenger hunts and a rap video competition, also make it And for those with wanderlust, a fun-loving place. Bonobos puts no restrictions on the 401(k) Yes No Yes Yes Yes 2001 A small-company atmosphere pervades this digital ad agency, where a personal or professional crisis brings a number of consecutive weeks none supportive call from the CEO, and anniversaries with the firm inspire personal notes from the entire employees can take off and journey to executive team. That caring sensibility extends to giving employees training and varied departmental experiences to develop professionally. distant lands. 401(k) Yes No Yes No Yes 1976 Working hard pays off at this recruitment firm, where especially successful employees are treated to vaca- up to 4% tions that combine luxury with adventure. But the biggest reward is the profound satisfaction that comes of pay with finding the best candidates for a job. 401(k) Yes Yes Yes Yes Yes 1952 The company offers paid time off for birthdays and milestone work anniversaries, and a sabbatical program 60%, up to includes a cash bonus. Writing an essay about a project an employee would like to pursue could result in an 5% of pay additional week of paid time off and $1,000. #67 401(k)10 Yes Yes Yes Yes Yes 2011 Company-sponsored clubs, including health, art, food and culture, allow employees to explore personal interests while fostering a collegial atmosphere. It also translates into such activities as snowboarding in 24 SEVEN INC. Vermont, visiting galleries and museums, and running marathons. % 401(k) Yes Yes Yes Yes Yes 2000 With women in the majority and the firm’s president a mother, this company provides a workplace that Kid-friendly, 100% up to welcomes children. It likes pets, too: Employees have the option to bring their dogs to work on Fridays. And 3% of pay; with its energetic team spirit, employees who have been with the firm since its launch are happy there’s no with team spirit 50% up to forced retirement. next 2% IN A PLACE WHERE WOMEN REPRESENT % 401(k) Yes Yes Yes Yes Yes 2010 At this fast-growth company, employees get to satisfy their thirst for challenge on its 10- and 12-mile the majority of employees and the none11 obstacle courses that test strength, stamina and mental grit. Soon after joining the firm, employees know president is the mother of three school- they’ve landed in the right place, with the firm presenting them with a choice of welcoming gifts, an iPad, a gift to charity or a skydiving trip. age children, 24 Seven’s workers relish the unabashedly kid-friendly culture. n/a Yes Yes Yes No Yes 2010 This is a place that provides healthy snacks, such as granola bars and fruit, and has a sense of joie de vivre,as in freshly baked brownies and cookies. It’s also where quarterly off-site activities, such as a private tour of On Fridays and school holidays, for the Metropolitan Museum of Art and a ski trip, make for a collegial workplace. example, when working parents are apt 401(k) Yes Yes Yes Yes No 1987 Running volunteer programs for public schools, nonprofits and other agencies isn’t just a job but a labor of to take their kids to work, they know up to 3% love, with many employees volunteering with the organization during their spare time. They also have a their children will be greeted with open of pay good time together, especially on Pie Day, when awards are given for their homemade creations. arms. Youngsters can while away the 401(k) No No Yes Yes Yes 2006 A vibrant, collegial spirit pervades this tech company, courtesy of its stimulating projects and team-building time on the company’s healthy snacks none activities, such as laser-tag tournaments. Office-wide happy hours and intramural sports add to the social and amuse themselves with its logo- atmosphere. emblazoned swag, including 401(k) Yes Yes Yes Yes Yes 1954 Each year, this firm chases away the winter doldrums, taking top performers on a trip that encompasses notebooks, pens and cups, that the $1,000 cultural and community service activities. Back in the office, an extensive art collection imbues the workday contribution with a stunning aesthetic touch. marketing department gives them. This is also a place with a lot of % n/d Yes No No Yes Yes 2001 From a secretary organizing a recruiting program to a partner focusing on a new area of law, everyone can get the green light to move forward on their good ideas, regardless of their rank. The firm also invites all motivating energy, thanks in no small employees—and their families—to its annual Thanksgiving Day festivities, which include a bird’s-eye view part to a competitive team spirit. Team of the Macy’s parade from its office, a catered breakfast and kid-friendly activities. members, for example, join together to % 401(k) Yes No Yes Yes Yes 2006 This health care advertising and marketing agency hires experienced individuals and then demonstrates its achieve a common sales goal while up to 3% respect for their abilities by allowing them to play key roles in projects and participate in decisions. Happy hours trying to best their rivals, with a and after-work trivia contests, as well as peer-nominated awards, add to the respectful and friendly atmosphere. breakfast or lunch celebration % 401(k) Yes No Yes Yes No 1999 Out-of-the-box thinkers thrive in an atmosphere where challenges require creative solutions. And, recognizing the winners. That friendly 50% up to regardless of their tenure, everyone is encouraged to bring ideas to the table. rivalry also extends to fun activities, 3% of pay such as Halloween, when colleagues try ble to produce its lists. To qualify for this list, companies must employ a minimum of 25 full-time or part-time employees in their New York City office, and have been in business for a minimum of one year. Government their best to outdo one another in their an others, and the remaining workers are surveyed. 2-Crain’s descriptions do not include the many further details and qualifiers behind the various plans. 3-New York City revenue.4-Crain’s estimate.5-Reflects billings. costumes. —CARA S. TRAGER

December 9, 2013 | Crain’s New York Business | 21 REPORT BEST PLACES TO WORK

also seeks employee recommenda- tions for potential hires. “You get the best people, the cus- Want to work at a Best Places firm? tomers will come,”said Mr.Kirshner. Among the 75 top firms, em- ployee referrals are especially useful Be prepared to jump through hoops in jump-starting the hiring process, with 92% handing out bonuses to workers whose recommendations Credentials aren’t City list. candidates with specialized skills in workforce issues. lead to employment. In many ways, Corra’s screening some fields is now as hard as before It has “become a harder chal- “Birds of a feather flock togeth- enough. These strategy exemplifies winning em- the recession, said Chason Hecht, lenge for HR folks” to determine er,” may be a cliché, but it’s proved ployers’ quest for the best. Beyond president of Manhattan-based applicants’ capabilities, he said. true at Manhattan-based Under- choosy employers are looking for highly skilled, hard- Retensa Employee Retention Solu- Spongecell, a 73-employee tone, No. 63, according to Eric working and ethical employees near tions. Searches for many tech posi- Manhattan-based advertising tech- Franchi, co-founder. The digital- hunting for culture fit and far,these top employers typical- tions, for example, can take four to nology firm that ranks No. 71, can advertising agency pays $2,000 to ly require rigorous rounds of inter- six months. take three to six months to hire an $3,000 for employee referrals, views that include multiple employ- “Companies are unable to tap the employee. The process encompass- which account for 40% of its new BY CARA S. TRAGER ees. They also devote considerable es a phone screening and two to hires. The profitable firm, which efforts to assessing whether candi- three interviews with managers. For employs 248 workers, declined to Earlier this year, Corra, a Manhat- dates are a good fit for the corporate ‘If you put production and marketing candi- disclose its revenue. tan agency known for creating culture, often a key predictor of on- dates, the profitable company, e-commerce websites, screened and the-job success. in the work, which declined to disclose its rev- ‘A no-brainer’ interviewed 50 potential project “If you’re prepared to put in the enue, also requires a take-home Internship programs are also managers—without hiring any. work, you can find the talent,” said you can find project involving the creation of a popular, giving Best Places the first In vetting them, the firm asked OnDeck CEO Noah Breslow, who mock interactive ad. crack at an emerging workforce. leading candidates to make a pres- spends 30% to 40% of his workday the talent’ The assignment gives insight Every quarter, Brooklyn-based entation,such as a live demo,and at- interviewing mostly for manage- into everything from candidates’ Big Spaceship, a digital-ad agency tend a gathering of employees or ment positions. The 212-employee understanding of Spongecell’s that made No. 34, welcomes three to clients, so hiring managers could Manhattan firm, which provides products and ability to work under six interns after putting them through gauge potential hires’ organization- loans to small and medium-size time constraints to how they ap- two to three interviews. Interns, who al skills, their experience with e- businesses, and generated $36.7 majority of the unemployed work- proach a problem, said CEO and get paid $400 a week, are assigned commerce platforms and their abil- million in revenue last year,is No.26 force because there’s a disproportion co-founder Ben Kartzman. A mock projects that allow them to demon- ity to connect socially and on Best Places. of long-term unemployed who don’t sales presentation is commonly re- strate whether they have the skills, professionally with employees, said have the skills they are looking for,” quired for sales candidates. commitment and collaborative per- Chief Executive Ron Bongo, whose Mirroring a trend Mr. Hecht said. At Elite SEM, a 60-employee sonality to join the fold as full-timers. firm recently hired several project Best Place firms’ rigorous hiring While younger workers may search-engine marketing firm that The internship program has led managers but is searching for more. processes, which also encompass have tech capabilities, they often ranks No. 1, CEO Ben Kirshner the profitable 65-employee firm, “We are a people company and networking at industry conferences “lack direct experience,” thanks to said that since “really good people which declined to disclose revenue, need to work together to solve dif- and recruiting at job fairs and cam- the economic downturn that fore- already have jobs,”his firm must rely to hire at least one intern a year, and ferent problems,” said Mr. Bongo, puses, mirror a trend taking place stalled their entry into the labor “on other employers not treating many times four or more. whose profitable 37-employee firm, across the country, courtesy of a force, said Scot Marcotte, Chicago- their employees well” and their “It’s a no-brainer,” said founder which declined to disclose its rev- challenging employment market. based managing director of talent search-engine talent’s jumping ship. and CEO Michael Lebowitz. “On enue, is No. 40 on this year’s Crain’s With the unemployment rate at and human-resources solutions at The Manhattan-based firm, which the first day of full-time work, they 75 Best Places to Work in New York 7.3% in November, recruiting for Buck Consultants,which focuses on generated $10.3 million last year, are running at full speed.” Ⅲ

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22 | Crain’s New York Business | December 9, 2013 Congratulates Orion Holdings for being selected as a Best Places to Work by Crain’s New York Business

Orion Holdings, a divisionon of IPG Mediabrands, is a global solutions-oriented collection of media companies that support and/or complement what traditional advertising agencies offer to clients.

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To learn more about this special company, and their diverse operating units please visit: orionholdingsww.com Crain’s Partners in Success Special Advertising Section

The team you cultivate to help build your Four questions to ask when you’re looking for an accountant business can be the difference between ere’s no shortage of great accountants in New York, but it’s not always easy to nd the right one for your soaring to new heights or staying at the business. Here are some key points to consider if you’re status quo. on the hunt for one who can help your business grow: 1. What level of help do you need? Some companies mainly rely on their accountant to From your banking and accounting firms, handle taxes, while others need someone who acts almost like a chief nancial ocer. Interview prospec- to your legal representation and building tive accountants to make sure you nd someone who is prepared to deliver the level of expertise you need. security, the partners below have a proven 2. How fast will you need help? track record of helping New York businesses If you run the type of business where you sometimes have to make nancial decisions on the y, make sure grow and reach their full potential. you nd an accountant who will have the bandwidth to get back to you the same day. “Some accountants

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will do just that. It’s part of the relationship,” said Alice has handled lately and they’re all at one address, pro- to resolve a banking matter quickly. Bredin, small business advisor to American Express ceed carefully. “You want to make sure they’re really OPEN. Others may require you to make an advance working for you,” said Bredin. Start looking for a banker before you need a loan. Typ- appointment, which may be ne if you seldom need ically, the best source of recommendations are business accounting help. owners in your community in similar types of business- es, who make transactions similar to the ones you’ll be 3. How will your needs change in the future? doing. “is is one area where, more than others, you Ideally, your accountant will have the expertise to keep “Every business want to get a referral from a business like your own,” working with your rm for at least ve to 10 years, so noted Bredin. make sure you consider what’s down the pike when has unique evaluating an accountant’s expertise. is is especially Of course, a banker can only do so much in today’s important if you plan to sell the business or pass it on lending climate if your balance sheet is not in ship- to a new generation in the future. “is is a relationship needs and shape. You may need to work with your accountant to that should only get better with time,” said Bredin. strengthen your nancials before a banker can help you get a loan. 4. How aggressive do you want to be in your account- making the ing? Accountants may have dierent interpretations To nd out how you stack up against other business of IRS rules covering deductions and the like, and it’s right business borrowers who are getting loans, try using the Feder- important to choose a pro whose approach falls within al Reserve Bank of New York’s Smart Data for Small your comfort zone. “You need to know where someone Business tool at http://www.newyorkfed.org/regional/ is on the spectrum, to make sure your appetite for risk decisions can smart-data-small-business/index.html. It will show is aligned with theirs,” said Bredin. how your rm compares to those that are getting loans when it comes to factors like revenue and pro tability, be a lot easier so you can identify areas where improvements will go Tips for finding a great attorney the furthest. Word of mouth referrals from trusted professionals with the right like your accountant are usually the best way to nd a talented attorney, but they will only get you so far, says Grow your business with the Bredin. Make sure you interview several to nd the partner.” right partner right lawyer to tackle your legal challenges. Here are Once you’ve nailed down your business strategy, three things to consider when vetting lawyers: nancing it is the next step. SCNB works with many Building an old-fashioned New York rms, from medical practices to marinas, to › eir experience in your business sector: You don’t help them reach and exceed their growth goals. Recog- necessarily need a lawyer who works for rms in your banking relationship nizing that each business has unique needs, the bank speci c industry, but if, say, you run a professional With more banks marketing their services to small and oers a full range of services, including commercial services rm, an attorney who has experience with midsize businesses, it’s the best time in years to culti- loans and lines of credit, commercial mortgages, cash other such rms may be able to serve you better than vate a relationship with a banker. Finding one who can management services, and deposit accounts. Making someone who mainly serves manufacturing plants or give you advice on how to strengthen your business can the right business decisions can be a lot easier with the restaurants. make it a lot easier to secure nancing if you ever need right partner. it, and help you avoid standing in long lines if you need › How they solve problems: If you’ve handled previ- ous legal matters through attorneys, ask those you are interviewing how they would have handled the situa- tions. Do the approaches they suggest match the ones that worked best for you? If not, keep interviewing.

› eir style: An attorney who tends to go on the oensive quickly may be a great match for a business owner who has a hard-charging style, but may not be a good t if you like to keep your legal life simple— and quiet. Pay close attention to an attorney’s initial reaction to the legal matter you need resolved to get a sense of whether the match will be a good one. “You need to be aligned with your attorney,” said Bredin.

How to connect with a better real estate broker A great real estate broker can save you time and money in securing commercial real estate space, but it may take time to nd someone who understands what you want and will persist in helping you nd the right location.

Even if you’re shopping in a tight market, look for someone who brings energy and enthusiasm to your search—and steer clear of anyone who tells you there’s “nothing” available. “If you’re looking for real estate in New York, it’s not easy to nd the right commercial space,” said Bredin. “If they are negative from the start, you might want to move on.”

Also, look for someone who’s really working for you— not just trying to ll a particular building to stay in favor with the landlord. If you ask what leases a broker TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM REAL ESTATE PUBLIC & LEGAL NOTICES MULTI-FAMILY FOR SALE NOTICE OF QUALIFICATION of Notice of Qualification of Magic to do Notice of Qualification of 434 Notice of Qualification of 540 W. 21ST NAGANO MORITA LLP. Arts of Org Tour LLC. App. for Auth. filed with BROADWAY PROPERTY INVESTORS ASSOCIATES LLC. Authority filed Mid Hudson Valley of New York filed with Secy of State of NY (SSNY) Secy. of State of NY (SSNY) 10/15/13. III, LLC. Authority filed with Secy. of with Secy. of State of NY (SSNY) on Ellenville, Ulster County, NY Seven Building 95 Unit Garden Apt Complex on on 9/4/13. Office location: NY County. Office location: NY County. LLC State of NY (SSNY) on 10/29/13. 10/30/13. Office location: NY County. 5.5 Acres. Recently Updated and Renovated. LLP formed in CA on 11/6/08. SSNY formed in Delaware (DE) on 10/8/13. Office location: NY County. LLC formed LLC formed in Delaware (DE) on All New Roofs. Potential Rent Roll $915K. designated as an agent upon whom SSNY designated as agent of LLC in Delaware (DE) on 10/08/13. Princ. 10/29/13. Princ. office of LLC: 60 IDEAL 1031 OR 1033 EXHANGE. EXCELLENT FINANCING TERMS AVAILABLE TO process may be served and shall upon whom process against it may be office of LLC: 10 E. 53rd St., 37th Fl., Columbus Circle, NY, NY 10023. SSNY QUALIFIED INVESTORS. mail copy of process against LLP to: served. SSNY shall mail process to: NY, NY 10022. SSNY designated as designated as agent of LLC upon Please forward Confidential Inquiries to: 545 8th Ave, Ste 620, NY, NY 10018. c/o United Corporate Services, Inc. agent of LLC upon whom process whom process against it may be EXCLUSIVE BROKER [email protected] or FAX 718 359-9362 Principal business address: 250 E (UCS), 10 Bank St., Ste. 560, White against it may be served. SSNY shall served. SSNY shall mail process to 1st St, Ste 1200, Los Angeles, CA Plains, NY 10606. DE address of LLC: mail process to Corporation Service Corporation Service Co. (CSC), 80 90012. Cert of LLP filed with Secy of UCS, 874 Walker Road, Ste. C, Dover, Co. (CSC), 80 State St., Albany, NY State St., Albany, NY 12207. DE addr. PUBLIC & LEGAL State of CA located: 250 E 1st St, DE 19904. Arts. of Org. filed with DE 12207-2543, regd. agent upon whom of LLC: c/o CSC, 2711 Centerville Rd., Ste 1200, Los Angeles, CA 90012. Secy. of State, Townsend Bldg., Dover, and at which process may be served. Ste. 400, Wilmington, DE 19808. Arts. NOTICES Purpose: any lawful act. DE 19901. Purpose: any lawful activity. DE addr. of LLC: c/o CSC, 2711 of Org. filed with Secy. of State of DE, Centerville Rd., Ste. 400, Wilmington, John G. Townsend Bldg., Federal NOTICE OF QUALIFICATION of NOTICE OF FORMATION OF LIMITED NOT. OF FRMN of Kuafu Hudson New Castle Cnty., DE 19808. Arts. of and Duke of York Sts., Dover, DE Resort Travel & Xchange, LLC. LIABILITY COMPANY. NAME: 241 Yards LLC. Art. of Org. f w/ Secy of Org. filed with DE Secy. of State, Div. 19901. Purpose: Any lawful activity. Authority filed with Secy of State of NY FIFTH AVENUE UNIT 2A, LLC. STA of NY (SSNY) 11/12/13. OFC of Corps., John B. Townsend Bldg., (SSNY) on 11/4/13. Office location: NY Articles of Organization were filed with LCTN: NY Cty. SSNY is DA upon 401 Federal St., Ste. 4, Dover, DE Notice of Formation of Woodside County. LLC formed in NV on 9/28/11. the Secretary of State of New York whom PROC AGA it may be served. 19901. Purpose: Any lawful activity. Highlands LLC. Arts. of Org. filed with SSNY designated agent upon whom (SSNY) on 10/28/13. Office location: SSNY shall mail a CY: Kuafu Hudson NY Dept. of State on 11/4/13. Office process may be served and shall New York County. SSNY has been Yards LLC, 1500 Broadway, 22nd Fl, Notice of Formation of AM Bar location: NY County. Princ. bus. addr.: mail copy of process against LLC to: designated as agent of the LLC upon NY, NY 10036. The Prin. bus. add.: Broadway LLC. Arts. of Org. filed 10271 W. Pico Blvd., Los Angeles, CA 111 Eighth Ave, NY, NY 10011. whom process against it may be 1500 Broadway, 22nd Fl, NY, NY with NY Dept. of State on 10/2/13. 90064. Sec. of State designated Principal business address: 521 served. SSNY shall mail a copy of 10036. PUR: any lawful act or ACTY. Office location: NY County. Sec. of agent of LLC upon whom process College St Asheville, NC 28801. Cert. process to the LLC, c/o Richard J. State designated agent of LLC upon against it may be served and shall mail of LLC filed with Secy of State of NV: Margenot, 537 Steamboat Road, Suite TRIP TO BOUNTIFUL, LLC Articles whom process against it may be process to: CT Corporation System, 202 N Carson St, Carson City, NV 100, Greenwich, Connecticut 06830. of Org. filed NY Sec. of State (SSNY) served and shall mail process to: 36 111 8th Ave., NY, NY 10011, regd. 89701-4069. Purpose: any lawful act. Purpose: For any lawful purpose. 10/9/13. Office in NY Co. SSNY W. 44th St., 5th Fl., NY, NY 10036, agent upon whom process may be principal business address. Purpose: served. Purpose: all lawful purposes. Notice of Formation of OCEANWAVE design. Agent of LLC upon whom NOTICE OF FORMATION OF MANDRIA any lawful activity. MANAGEMENT, LLC. Arts. of Org. process may be served. SSNY shall LLC. Arts of Org filed with Secy of Notice of Formation of Pamela G NYC filed with Secy. of State of NY mail copy of process to The LLC 561 State of NY (SSNY) on 10/29/13. LLC. Arts of Org filed with NY Secy (SSNY) on 11/22/13. Office location: 7th Ave 11th Fl New York, NY 10018. NOTICE OF FORMATION OF SJ Office location: NY County. SSNY of State (SSNY) on 8/12/2013. SSNY NY County. SSNY designated as Purpose: Any lawful activity. Group 81 LLC. Arts of Org filed with designated agent upon whom is designated as agent of LLC upon agent of LLC upon whom process Secy of State of NY (SSNY) on process may be served and shall whom process against it may be against it may be served. SSNY shall Notice of Formation of 4138 Broadway 10/24/13. Office location: NY County. mail copy of process against LLC to served and shall mail process to: mail process to Corporation Service Retail LLC, Art. of Org. filed Sec’y of SSNY designated agent upon whom principal business address: 540 W Lipson, Neilson, Cole, Seltzer & Co., 80 State St., Albany, NY 12207, State (SSNY) 6/10/13. Office location: process may be served and shall 122nd Street, Suite 61, New York, Garin, c/o Steven R. Cole, Esq., regd. agent upon whom and at NY County. SSNY designated as mail copy of process against LLC to NY, 10027. Purpose: any lawful act. 3910 Telegraph, Suite 200, which process may be served. agent of LLC upon whom process principal business address: 244 East Bloomfield Hills, MI 48302. Purpose: Any lawful activity. against it may be served. SSNY shall 79 Street, New York, NY 10021. Notice of Formation of 151 DUPONT mail copy of process to 150 E. 58th Purpose: any lawful act. Purpose: Any lawful activity. STREET, LLC. Arts. of Org. filed with Notice of Formation of 1562 THIRD St., 39th Fl., NY, NY 10155. Purpose: Secy. of State of NY (SSNY) on AVENUE SOUPS LLC. Arts. of Org. any lawful activities. Notice of Formation of RAHBAR 11/19/13. Office location: NY County. NOTICE OF FORMATION OF LIMITED filed with Secy. of State of NY ANGEL LLC. Arts. of Org. filed with SSNY designated as agent of LLC LIABILITY COMPANY. NAME: CITY (SSNY) on 11/20/13. Office location: Secy. of State of NY (SSNY) on upon whom process against it may NOTICE OF QUALIFICATION of Niki DADS, LLC. Articles of Organization NY County. Princ. office of LLC: c/o 10/30/13. Office location: NY County. be served. SSNY shall mail process Bryan Spas International, LLC. Arts of were filed with the Secretary of State Hale and Hearty Soups LLC, 75 SSNY designated as agent of LLC to: c/o Richard Kestenbaum, Esq., Org filed with Sec of State of NY (SSNY) of New York (SSNY) on 08/14/13. Ninth Ave., NY, NY 10011. SSNY upon whom process against it may Kestenbaum, Dannenberg & Klein, LLP, on 9/20/13. Office location: NY Office location: New York County. SSNY designated as agent of LLC upon be served. SSNY shall mail process 104 W. 40th St., 20th Fl., New York, NY County. LLC formed in FL on 5/17/12. has been designated as agent of the whom process against it may be to: 110 E. 25th St., 2nd Fl., NY, NY 10018. Purpose: any lawful activity. SSNY designated agent upon whom LLC upon whom process against it may served. SSNY shall mail process to process may be served and shall 10010, Attn: Perry Rahbar. Purpose: be served. SSNY shall mail a copy of the LLC at the addr. of its princ. mail copy of process against LLC to any lawful activity. process to the LLC, 1514 86th office. Purpose: Any lawful activity. Notice of Formation of S&J Tang 216 principal business address: 7700 Street, Brooklyn, New York 11228. Duffield LLC. Arts. of Org. filed with Municipal Dr, Orlando FL 32819. Notice of Qual. of 255 Third Acquisition Purpose: For any lawful purpose. Formation of Prof. Service LLC Secy. of State of NY (SSNY) on Cert. of LLC filed with Secy of State LLC, Auth. filed Sec’y of State (SSNY) (DOM-PROF.LLC) GIACCIO LLC. Arts. 10/10/13. Office location: NY County. of FL: PO Box 6327 Tallahassee, FL 8/26/13. Office loc.: NY County. LLC SSNY designated as agent of LLC upon Notice of Formation of Shargil of Org. filed with the Secy. of State of 32314. Purpose: any lawful act. org. in DE 8/23/13. SSNY desig. as Sunrise Holdings LLC. Arts of Org NY (SSNY) on 10/18/13. Office loc.: whom process against it may be served. agent of LLC upon whom process SSNY shall mail process to: 202 filed with NY Secy of State (SSNY) New York Co. SSNY is designated NOTICE OF FORMATION of Avanchi against it may be served. SSNY shall on 9/13/2013. SSNY is designated as agent of DOM-PROF.LLC upon Centre Street, 6th Fl., New York, NY mail copy of proc. to Stone Asset 10013. Purpose: any lawful activity. Trading LLC. Arts of Org filed with as agent of LLC upon whom process whom process against it may be Secy of State of NY (SSNY) on Mgmt., 450 Seventh Ave., Ste. 2309, against it may be served and shall served. The principal bus. loc. and 10/07/13. Office location: NY County. NY, NY 10123. DE off. addr.: 160 mail process to: Lipson, Neilson, address SSNY shall mail copy of Notice of Formation of 1286 Madison SSNY designated agent upon whom Greentree Dr., Ste. 101, Dover, DE Cole, Seltzer & Garin, c/o Steven R. process to is 244 5th Ave., Suite Holdings LLC, Art. of Org. filed Sec’y process may be served and shall 19904. Cert. of Form. on file: SSDE, Cole, Esq., 3910 Telegraph, Suite A226, New York, NY 10001. Mgmt. of State (SSNY) 5/7/13. Office location: mail copy of process against LLC to Townsend Bldg., Dover, DE 19901. 200, Bloomfield Hills, MI 48302. shall be by members. Purpose: The NY County. SSNY designated as principal business address: 453 FDR Purp.: any lawful activities. Purpose: Any lawful activity. practice of law. agent of LLC upon whom process Drive, C1401/02, NY, NY 10002. against it may be served. SSNY shall Purpose: any lawful act. Notice of Certificate of Registration Notice of Formation of LOWER mail copy of process to Bluestone Formation of Tamarack Global Under Section 121-1500 of the MANHATTAN MIXED-USE TOWER Group, 225 Broadway, 32nd Fl., NY, NY Advisors, LLC filed with the Secy. of NOT. OF FRMN of Greater New York Partnership Law for Horowitz DEVELOPMENT FUND, LLC. Arts. of 10007. Purpose: any lawful activities. State of NY (SSNY) on 5/1/13. Business Regional Center LLC. Art. of Sigmond LLP filed with NY Secretary Org. filed with Secy. of State of NY Office loc.: New York County. Org. f w/ Secy of STA of NY (SSNY) of State (SSNY) on 09/30/2013. (SSNY) on 10/31/13. Office location: SSNY designated as agent of LLC Notice of Formation of 92 RED CREEK 11/12/13. OFC LCTN: NY Cty. SSNY Office location: New York County, 45 NY County. Princ. office of LLC: c/o upon whom process against it may LLC. Arts. of Org. filed with Secy. of is DA upon whom PROC AGA it may Broadway, 4th Flr., NY, NY 10006. New York City Regional Center, 299 be served. The principal business State of NY (SSNY) on 11/07/13. be served. SSNY shall mail a CY: C/O SSNY designated as agent of LLP Broadway, Ste. 1220, NY, NY 10007. loc. and address SSNY shall mail Office location: NY County. Princ. Greater New York Business Regional upon whom process against it may SSNY designated as agent of LLC process to is 520 W. 19th St., Apt. office of LLC: 70 W. 36th St., Fl. 13, Center LLC - 1500 Broadway 22nd be served. SSNY shall mail process upon whom process against it may 4A, New York, NY 10011. Mgmt. NY, NY 10018. SSNY designated as Fl, NY, NY 10036. The Prin. bus. add. : to: Carol A. Sigmond, 45 Broadway, be served. SSNY shall mail process shall be by one or more members. agent of LLC upon whom process 1500 Broadway 22nd Fl, NY, NY 4th Flr., NY, NY 10006. Purpose: any to the LLC at the addr. of its princ. Purpose: Any lawful activity. against it may be served. SSNY 10036. PUR: any lawful act or ACTY. lawful activity. office. Purpose: Any lawful activity. shall mail process to the LLC at the Notice of Qualification of Kewbek addr. of its princ. office. Purpose: Notice of Qualification of GOYARD NY, Notice of Qualification of CENTRALIS Notice of Qualification of CENTREXION Investments LLC. Authority filed with Any lawful activity. LLC. Authority filed with Secy. of CAPITAL GP LLC. Authority filed with II, LLC. Authority filed with Secy. of NY Dept. of State on 9/4/13. Office State of NY (SSNY) on 10/22/13. Secy. of State of NY (SSNY) on State of NY (SSNY) on 10/28/13. location: NY County. Princ. bus. addr.: NOTICE OF FORMATION OF LIMITED Office location: NY County. LLC 10/16/13. Office location: NY County. Office location: NY County. LLC c/o Transrealty, Inc., 954 Lexington LIABILITY COMPANY. NAME: formed in Delaware (DE) on 09/23/11. LLC formed in Delaware (DE) on formed in Delaware (DE) on 10/25/13. Ave., #311, NY, NY 10021. LLC CHATHAM FIRST DEVELOPMENT Princ. office of LLC: Agents and 10/15/13. Princ. office of LLC: 43 E. Princ. office of LLC: Proskauer Rose formed in DE on 7/15/13. NY Sec. of LLC. Articles of Organization were Corporations, Inc., 1201 Orange St., 10th St., Ste. 5H, NY, NY 10003. LLP, Eleven Times Sq., NY, NY State designated agent of LLC upon filed with the Secretary of State of Ste. 600, Wilmington, DE 19801. SSNY designated as agent of LLC 10036-8299. SSNY designated as whom process against it may be New York (SSNY) on 08/23/13. Office SSNY designated as agent of LLC upon whom process against it may agent of LLC upon whom process served and shall mail process to: location: New York County. SSNY upon whom process against it may be be served. SSNY shall mail process against it may be served. SSNY shall Katten Muchin Rosenman LLP, 575 has been designated as agent of the served. SSNY shall mail process to to c/o Corporation Service Co. mail process to c/o Corporation Madison Ave., NY, NY 10022, Attn: LLC upon whom process against it c/o Gibney, Anthony & Flaherty, LLP, (CSC), 80 State St., Albany, NY Service Co., 80 State St., Albany, NY Andrew L. Jagoda, Esq. DE addr. of may be served. SSNY shall mail a Attn: Kristen W. Smith, Esq., 665 12207-2543. DE addr. of LLC: c/o 12207. DE addr. of LLC: 2711 LLC: 2711 Centerville Rd., Ste. 400, copy of process to the LLC, c/o Fifth Ave., NY, NY 10022. Arts. of CSC, 2711 Centerville Rd., Ste. 400, Centerville Rd., Ste. 400, Wilmington, Wilmington, DE 19808. Cert. of Bruce Feffer, c/o Dai & Associates, Org. filed with Secy. of State, Div. of Wilmington, DE 19808. Arts. of Org. DE 19808. Arts. of Org. filed with Form. filed with DE Sec. of State, P.C., 1500 Broadway, 22nd Floor, Corps., John G. Townsend Bldg., filed with DE Secy. of State, 401 Secy. of the State of DE, Corp. Dept., 401 Federal St., Dover, DE 19901. New York, New York 10036. 401 Federal St. - Ste. 4, Dover, DE Federal St., Dover, DE 19901. Loockerman & Federal St., Dover, DE Purpose: all lawful purposes. Purpose: For any lawful purpose. 19901. Purpose: Any lawful activity. Purpose: Any lawful activity. 19901. Purpose: Any lawful activity.

26 | Crain’s New York Business | December 9, 2013 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Formation of 367 Bleecker Notice of Formation of Limited Notice of Qualification of Elan Notice of Qual. of Visium Fund NOTICE OF FORMATION OF LIMITED Owner LLC, Art. of Org. filed Sec’y of Liability Company (LLC). Name: L.P. Pharmaceuticals, LLC. Authority Management, LP, Auth. filed Sec’y of LIABILITY COMPANY. NAME: URBAN State (SSNY) 8/8/13. Office location: CHARLES STREET LLC. Articles of filed with Secy. of State of NY (SSNY) State (SSNY) 3/26/13. Office loc.: NY WILDLIFE LLC. Certificate of NY County. SSNY designated as Organization filed by the Department on 10/30/13. Office location: NY County. LP org. in DE 3/22/13. SSNY Conversion was filed with the agent of LLC upon whom process of State of New York on: 10/16/2013. County. LLC formed in Delaware (DE) desig. as agent of LP upon whom Secretary of State of New York against it may be served. SSNY shall Office location: County of New York. on 10/15/1986. SSNY designated as process against it may be served. (SSNY) on 11/04/13. The latest date mail copy of process to NRAI, 111 Purpose: any and all lawful activities. agent of LLC upon whom process SSNY shall mail copy of proc. to Att: of dissolution is 12/31/2112. Office Eighth Ave., NY, NY 10011, the Reg. Secretary of State of New York against it may be served. SSNY shall General Counsel, 888 Seventh Ave., location: New York County. SSNY Agt. upon whom proc. may be served. (SSNY) designated as agent of LLC mail process to: The LLC, Attn: Diana 22nd Fl., NY, NY 10019. DE off. has been designated as agent of the Purpose: any lawful activities. upon whom process against it may L. King, Asst. Secy., 300 Technology addr.: CSC, 2711 Centerville Rd., LLC upon whom process against it be served. SSNY shall mail a copy of Square, 3rd Fl., Cambridge, MA Wilmington, DE 19808. Cert. of LP may be served. SSNY shall mail a process to: c/o Irwin, Lewin, Cohn & 02139. Address to be maintained in on file: SSDE, Townsend Bldg., copy of process to the LLC, c/o RM 89 AVENUE A LLC, a domestic LLC, Lewin, P.C., 845 Third Avenue, Suite DE: 160 Greentree Dr., Ste. 101, Dover, DE 19901. Name/addr. of Building Consultants, P.O. Box 609, filed with the SSNY on 4/22/13. 1400, New York, NY 10022. Dover, DE 19904. Arts of Org. filed each gen. ptr. avail. at SSNY. Purp.: Bearsville, New York 12409. Office location: New York County. with the DE Secretary of State, 401 any lawful activities. Purpose: For any lawful purpose. SSNY is designated as agent upon Federal St., #3, Dover, DE 19901. whom process against the LLC may HIGHMARK INDEPENDENT, LLC, a Purpose: any lawful activities. be served. SSNY shall mail process foreign LLC, filed with the SSNY on Notice of Formation of RW ACQUI- SAGE ROCK CAPITAL LLC Authority to The LLC, C/O Grossman, P.O. Box 10/1/13. Office location: New York SITION, LLC. Arts. of Org. filed with filed with Secy. of State of NY (SSNY) 500 Knickerbocker Stat., NY, NY County. SSNY is designated as agent NOTICE OF FORMATION OF BG Secy. of State of NY (SSNY) on on 9/11/13. Office location: NY Co. 10002. General Purpose. upon whom process against the LLC Bakes LLC. Arts of Org filed with 11/04/13. Office location: NY LLC formed in Delaware (DE) on may be served. SSNY shall mail Secy of State of NY (SSNY) on County. SSNY designated as agent 6/5/13. SSNY designated as agent of process to: The LLC, 6900 South 900 9/18/13. Office location: NY County. of LLC upon whom process against LLC upon whom process against it SUNION INTERNATIONAL LLC, Arts East, Ste. 100, Midvale, UT 84047. SSNY designated agent upon whom it may be served. SSNY shall mail may be served. SSNY shall mail of Org filed with SSNY on 05/24/13. General Purposes. process may be served and shall process to the LLC, 555 Madison process to The LLC, 60 E 42nd St, Off. Loc.: New York County, SSNY mail copy of process against LLC to Ave., 12th Fl., NY, NY 10022. Ste 2007, New York, NY 10165. DE designated as agent of LLC upon principal business address: 318 West Purpose: Any lawful activity. address of LLC: 1209 Orange St, Notice of formation of 220 HH LLC, a whom process against it may be 14th Street, Apt. 1C, NY, NY 10014. Wilmington, DE 19801. Arts. Of Org. limited liability company. Articles of served. SSNY shall mail a copy of Purpose: any lawful act. filed with DE Secy. of State, PO Box process to: The LLC, 130 Spruce St., Organization filed with the Secretary of Notice of Formation of NMA – LP, 898, Dover, DE 19903. Purpose: any #23A, Philadelphia, PA 19106. State of NY (SSNY) on 10/31/2013. LLC. Arts. of Org. filed with Secy. of lawful activity. Purpose: to engage in any lawful act. Office located in New York. SSNY has Notice of Formation of THE NOLITA State of NY (SSNY) on 10/15/13. been designated for service of process. LUXURY REALTY, LLC. Arts. of Org. Office location: NY County. SSNY SSNY shall mail copy of any process was filed with SSNY on 10/8/13. designated as agent of LLC upon Notice of Formation of CITY MEDICAL Notice of Formation of DSA Townhouse served against the LLC to The LLC, Office location: New York County. whom process against it may be OF BAY RIDGE, PLLC. Arts. of Org. Realty LLC. Arts. of Org. filed with 265 Canal Street, Ste 306, New York, SSNY designated as agent of LLC served. SSNY shall mail process to: filed with Secy. of State of NY (SSNY) Secy. of State of NY (SSNY) on NY 10013. Purpose: any lawful purpose. whom process against may be The LLC, c/o Lloyd Putter, 20 W. on 10/24/13. Office location: NY 10/22/13. Office location: NY County. served. SSNY shall mail process to: 64th St., Apt. 12K, NY, NY 10023. County. Princ. office of PLLC: 336 SSNY designated as agent of LLC c/o The LLC, 354 Broome St. Purpose: any lawful activities. E. 86th St., NY, NY 10028. SSNY upon whom process against it may be Notice of Formation of U NEED IT I Ground Fl., New York, NY 10013. designated as agent of PLLC upon served. SSNY shall mail process to: GOT IT, LLC. Arts. of Org. filed with Purpose: all lawful activities. whom process against it may be 60 Madison Avenue, Ste. 1111, NY, NY Secy. of State of NY (SSNY) on Notice of formation of Consensus served. SSNY shall mail process to the 10010. Purpose: any lawful activity. 10/18/13. Office location: NY County. LLC. Arts of Org filed with Secy of Lucy Douglas, LLC. Arts. of Org. filed PLLC at the addr. of its princ. office. SSNY designated as agent of LLC State of NY (SSNY) on 8/21/13. with NY Secy. of State (SSNY) on Purpose: The practice of medicine. upon whom process against it may Office location: NY County. SSNY 10/09/13. Off. loc.: NY Co. SSNY Notice of Formation of Baja East LLC. be served. SSNY shall mail process designated agent upon whom designated as agent of LLC upon NOTICE OF FORMATION OF SKYE-H Arts of Org filed with NY Secy of to: The LLC, 350 Fifth Ave., Ste. 6617, process may be served and shall whom process may be served. SSNY LLC. Arts of Org filed with Secretary State (SSNY) on 8/12/2013. SSNY is NY, NY 10118. Purpose: any lawful mail copy of process against LLC to shall mail process to c/o Robinson of State of NY (SSNY) on 2/20/13. designated as agent of LLC upon activities. principal business address: 1501 whom process against it may be Brog, et al., 875 3rd Ave, 9th Fl, New Broadway, Ste 1604, NY, NY 10036. Office location: NY County. SSNY served and shall mail process to: c/o York, NY 10022. Purpose: General. Purpose: any lawful act. designated as agent upon whom Scott Studenberg, 37 Wall Street, 8F, TGP Capital Partners LLC. Arts. of Org. process may be served and shall filed with Secy. of State of NY (SSNY) mail copy of process against LLC to New York, NY 10005. Purpose: Any NOTICE OF FORMATION OF ERSNY lawful activity. on 09/11/13. Off. loc: NY Co. SSNY NOTICE OF FORMATION OF Wisdom principal business address: 330 W designated as agent of LLC upon Consulting, LLC. Arts of Org filed Capital Asset Management, LLC. 39TH ST, APT 6H, NEW YORK, NY whom process may be served. SSNY with Secy of State of NY (SSNY) on Arts of Org filed with Secy of State of 10018. Purpose: any lawful act. EDWARD C. KANG LLC, a domestic shall mail process to c/o Robinson 10/2/13. Office location: NY County. NY (SSNY) on 8/7/13. Office location: PLLC, Arts. of Org. filed with the SSNY Brog, et al., Attn: David E. Danovitch, SSNY designated agent upon whom NY County. SSNY designated agent on 6/17/13. Office location: New York. Esq., 875 3rd Ave, 9th Fl, New York, process may be served and shall upon whom process may be served Notice of formation of Jackpot SSNY is designated as agent upon NY 10022. Purpose: General. mail copy of process against LLC to and shall mail copy of process Productions, LLC Arts. of Org. filed whom process against the PLLC may principal business address: 127 W. against LLC to principal business with the Sect’y of State of NY (SSNY) be served. SSNY shall mail process 79th St., Ste 4D NY, NY 10024. address: 30 West 21st St. NY, NY on 11/5/2013. Office location, County to: Edward C. Kang, 207 E. 57th St., Notice of Qual. of 261 Third Acquisition Purpose: any lawful act. 10010. Purpose: any lawful act. of New York. SSNY has been desig- Apt. 15A, NY, NY 10022. Purpose: Law. LLC, Auth. filed Sec’y of State (SSNY) nated as agent of the LLC upon whom 8/27/13. Office loc.: NY County. LLC Notice of Qualification of Blue Cove process against it may be served. org. in DE 8/21/13. SSNY desig. as NOTICE OF FORMATION OF Merger, LLC. Authority filed with NY SSNY shall mail process to: The Notice of Formation of 21 Astor agent of LLC upon whom process VERBASTREAM LLC. Arts of Org Dept. of State on 11/7/13. Office LLC, 497 Greenwich Street, #3C, NY Partners IV LLC. Arts. of Org. filed against it may be served. SSNY shall filed with Secy of State of NY (SSNY) location: NY County. LLC formed in NY 10013. Purpose: any lawful act. with Secy. of State of NY (SSNY) on mail copy of proc. to Stone Asset on 10/2/13. Office location: NY DE on 11/4/13. NY Sec. of State 9/12/13. Office location: NY County. Mgmt., 450 Seventh Ave., Ste. 2309, County. SSNY designated agent designated agent of LLC upon whom SSNY designated as agent of LLC NY, NY 10123. DE off. addr.: 160 upon whom process may be served Notice of Formation of ALP LEARNING process against it may be served upon whom process against it may be Greentree Dr., Ste. 101, Dover, DE and shall mail copy of process STRATEGIES LLC. Arts. of Org. filed and shall mail process to: c/o Chevy served. SSNY shall mail process to: 19904. Cert. of Form. on file: SSDE, against LLC to principal business with Secy. of State of NY (SSNY) on Chase Trust, 7501 Wisconsin Ave., 22 Cortlandt Street, 5th Fl., NY, NY Townsend Bldg., Dover, DE 19901. address: 8 W 121st St., NY, NY 11/15/13. Office location: NY County. Ste. 1500W, Bethesda, MD 20814, 10007. Purpose: any lawful activity. Purp.: any lawful activities. 10027. Purpose: any lawful act. Princ. office of LLC: c/o Amy principal business address. DE Lakusiewicz, 560 W. 43rd St., Apt. address of LLC: The Corporation Notice of Formation of Eataly Net 35A, NY, NY 10036. SSNY designated Trust Co., 1209 Orange St., USA, LLC. Arts. of Org. filed with NY as agent of LLC upon whom process Wilmington, DE 19801. Cert. of Dept. of State on 6/26/13. Office against it may be served. SSNY Form. filed with DE Sec. of State, location: NY County. Sec. of State shall mail process to the LLC at the 401 Federal St., Dover, DE 19901. designated agent of LLC upon whom addr. of its princ. office. Purpose: Purpose: all lawful purposes. process against it may be served Any lawful activity. Want To Get Your and shall mail process to: c/o Julie Notice of Qualification of 65-09 99th Lee, 45 E. 20th St., 9th Fl., NY, NY Notice of Qualification of 909 Street, LLC. Authority filed with NY 10003, principal business address. Sheridan Avenue, LLC. Authority filed Company In Front Of New York City’s Dept. of State on 9/19/13. Office Purpose: any lawful activity. with NY Dept. of State on 9/19/13. location: NY County. Princ. bus. addr.: Office location: NY County. Princ. bus. c/o A&E Real Estate Holdings, LLC, addr.: c/o A&E Real Estate Holdings, Influential Business Professionals? 1065 Ave. of the Americas, 31st Fl., Notice of Qualification of 430 LLC, 1065 Ave. of the Americas, 31st NY, NY 10018. LLC formed in DE on ACQUISITION LLC. Authority filed Fl., NY, NY 10018. LLC formed in DE 9/3/13. NY Sec. of State designated with Secy. of State of NY (SSNY) on on 9/3/13. NY Sec. of State designated agent of LLC upon whom process 11/18/13. Office location: NY County. agent of LLC upon whom process against it may be served and shall LLC formed in Delaware (DE) on against it may be served and shall mail process to: CT Corporation, 111 10/22/13. Princ. office of LLC: 430 mail process to: CT Corporation, 111 8th Ave., NY, NY 10011. DE addr. of Park Ave., 6th Fl., NY, NY 10022. SSNY 8th Ave., NY, NY 10011. DE addr. of Call Joanne Barbieri LLC: c/o The Corporation Trust Co., designated as agent of LLC upon LLC: c/o The Corporation Trust Co., 1209 Orange St., Wilmington, DE whom process against it may be 1209 Orange St., Wilmington, DE 19801. Cert. of Form. filed with DE served. SSNY shall mail process to 19801. Cert. of Form. filed with DE at 212-210-0189 for Sec. of State, 401 Federal St., Dover, c/o Corporation Service Co. (CSC), Sec. of State, 401 Federal St., Dover, DE 19901. Purpose: organized for 80 State St., Albany, NY 12207-2543. DE 19901. Purpose: organized for classified advertising opportunities. any lawful act or activity permitted by DE addr. of LLC: c/o CSC, 2711 any lawful act or activity permitted by limited liability companies organized Centerville Rd., Wilmington, DE limited liability companies organized under the laws of the State of 19808. Arts. of Org. filed with DE under the laws of the State of Delaware that are related or incidental Secy. of State, John G. Townsend Delaware that are related or incidental to and necessary, convenient or Bldg., 401 Federal St., Dover, DE to and necessary, convenient or advisable to owning real property. 19901. Purpose: Any lawful activity. advisable to owning real property.

December 9, 2013 | Crain’s New York Business | 27 SMALL BUSINESS Investors eye mom-and-pop shops

available only to accredited in- for little companies to gain national “Fund Us” button on his company’s New federal rule frees vestors.Those include wealthy indi- exposure,” she said. She hopes to website, the number of investors firms to woo backers, viduals and institutions. land investors with ties to hotel and looking at his financial documents Part of the 2012 Jumpstart Our restaurant chains. has increased fivefold. spurs Wild West vibe Business Startups Act, the new rule She added that her kind of busi- The level of investment hasn’t is aimed at making it easier for small ness doesn’t have the same pool of changed, however, according to Mr. businesses to raise money. And so investors as tech startups: “There Field. But that may only be a matter BY MATTHEW FLAMM far, entrepreneurs taking advantage isn’t that big a community of angel of time.“Investing is in many ways a of the change, and broker-dealer investors for consumer-goods com- numbers game,” said Ben Lee, cardozanicolas GRAPE EXPECTATIONS: New regs let Cindy ast January, after three sites like CircleUp are getting a lot panies. All those guys are looking CircleUp’s director of business de- Diffenderfer pitch investors for Smart Wine. years of groundwork, more attention. for the next Twitter or Facebook.” velopment.“The more people view- Cindy Diffenderfer But the rule change also has ing, the more likely it is you’re going launched Smart Wine spurred a bit of a Wild West atmos- Early in the game to find investors.” for the tech world. Co. out of her Chelsea phere. Participants are still figuring Ms. Diffenderfer also has the ad- Mr. Field appreciates the wide Mr. Edis likes that AngelList is Lapartment. By September, her out whether the trade-offs that come vantage of working through Circle- circle of contacts he’s making, making fundraising more transpar- fledgling business was selling pre- with a wide pool of investors—as op- Up.One of a number of online invest- though he still views what’s taking ent,and believes that some in the tech mium wine on tap to restaurants and posed to the private, relationship- ment marketplaces that have sprung place as an experiment, with “the world “overthink” the issue of where hotel chains around the country. based transactions among firms not up in recent years,the San Francisco- rules of engagement being written money comes from. He said it will be But a turning point came last taking advantage of the new rule— based company vets investors—en- in real time,” he said. a year or two before anyone knows week. Ms. Diffenderfer held her are worth the effort. suring that they’re accredited—and Tech entrepreneurs,however,are how seasoned investors will react to first conference call for potential in- Apart from the risk of hucksters companies, listing only a small per- particularly wary of the new rule. money being raised in a public way. vestors on investment site Circle- being able to cast a wider net, there centage of the firms that apply. Unlike consumer-goods compa- The biggest danger may be that Up.com,making the the most of the are concerns that advertising for in- After just three weeks of having nies, tech startups have plenty of in- many are unfamiliar with the intri- moment by publicizing her vestors could cheapen a company’s Smart Wine live on the site, Ms. vestors to choose from, and who cacies of startup investments. fundraising push through press re- image.Some critics say that even ac- Diffenderfer had close to 60 investors they take money from says a lot “My concern is with [investment] leases and a social-media campaign. credited investors may be naive on the CircleUp conference call. about who they are. portals, where they’ve got doctors about startups, which could sour CircleUp executives and other “It becomes a perception issue,” and dentists and others who are put- Hucksters a risk their relationships with founders. entrepreneurs say that it’s too early said Jamyn Edis, founder and chief ting in $5,000 and $10,000 and feel The fundraising marketing blitz But for Ms. Diffenderfer, who is to tell whether the lifting of the ban executive of SoHo-based Dash they missed out on Facebook and became possible only on Sept. 23, looking to raise $2.5 million—half on “general solicitation,”as the SEC Labs, which enables a smartphone Twitter and want a taste of that,”said the day the Securities and Exchange of that through CircleUp—the op- describes it, is resulting in increased to monitor a car’s performance. Alan Baldachin,managing partner at Commission lifted an eight-decade portunities afforded by the new rule investment. But they are definitely “Even if they are accredited, do I Manhattan law firm Hand Bal- ban on advertising private invest- are well worth the risks. She’s hop- seeing more traffic. want 30 investors?” dachin & Amburgey, which special- ment offers, as long as the offers are ing to raise enough money to start Lower East Side pickle-maker He went ahead anyway, having izes in media and technology deals. paying her staff, and to make con- Rick’s Picks has been listed on already raised most of the company’s “To the extent you get any sort of re- To sign up for Crain’s nections that will help grow her CircleUp since May, and is slightly seed round from known investors, tail element [mixed up] with early- SMALL BUSINESS newsletter, go to business quickly. more than halfway to its goal of rais- and is now completing Dash’s $1.2 stage companies,it’s a recipe for trou- www.crainsnewyork.com/smallbiz. “Obviously I want the money, ing $1.4 million. Since Sept. 23, million financing, out in the open, ble,for the investors and the founders but there’s a much bigger play here when founder Rick Field posted a on AngelList, a kind of LinkedIn and for the market in general.” Ⅲ

TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES NOTICE OF QUALIFICATION of Notice of Qualification of SFX Notice of Qualification of GALVANIZED Notice of Qualification of ASB George Qualification of GSO Coastline Credit ASTRONAUTS WANTED, LLC. EXPERIENCE, LLC. Authority filed BOOKS, LLC. Authority filed with Canal, LLC. Authority filed with NY Partners LP. Authority filed with the Authority filed with Secy of State of NY with Secy. of State of NY (SSNY) on Secy. of State of NY (SSNY) on Dept. of State on 11/6/13. Office Sect. of State of NY (SSNY) on (SSNY) on 7/24/13. Office location: 11/04/13. Office location: NY County. 11/26/13. Office location: NY County. location: NY County. Princ. bus. addr.: 10/11/13. Office Loc: NY County. LP NY County. LLC formed in DE on LLC formed in Delaware (DE) on LLC formed in Delaware (DE) on 7501 Wisconsin Ave., Ste. 1300W, formed in DE on 7/30/13. SSNY has 6/27/13. SSNY designated agent 08/26/13. SSNY designated as agent 3/21/13. Princ. office of LLC: 744 Bethesda, MD 20814. LLC formed in been designated as agent of LP upon whom process may be served of LLC upon whom process against Greenwich St., Apt, 4, NY, NY 10014. DE on 8/22/13. NY Sec. of State upon whom process against it may and shall mail copy of process it may be served. SSNY shall mail SSNY designated as agent of LLC designated agent of LLC upon whom be served and shall mail process to: against LLC to: 80 State St. Albany, process to c/o Corporation Service upon whom process against it may be process against it may be served 200 Bellevue Pkwy, Ste 210, NY 12207-2543. Principal business Co., 80 State St., Albany, NY 12207. served. SSNY shall mail process to and shall mail process to: c/o CT Wilmington, 19809. DE address of address: 550 Madison Ave, NY, NY DE addr. of LLC: c/o United the LLC at the princ. office of the LLC. Corporation System, 111 8th Ave., NY, LP: 200 Bellevue Pkwy, Ste 210, 10022. DE address: 2711 Centerville Corporate Services, Inc., 874 Walker DE addr. of LLC: 2711 Centerville Rd., NY 10011, regd. agent upon whom Wilmington, 19809. Name/addr. of Rd. Ste 400 Wilmington, DE 19808. Rd., Ste. C, Dover, DE 19904. Arts. Ste. 400, Wilmington, DE 19808. Arts. process may be served. DE addr. of genl. ptr. avail from SSNY. Cert. of Cert. of LLC filed with Secy of State of Org. filed with Secy. of State of of Org. filed with DE Secy. of State, LLC: 1209 Orange St., Wilmington, DE LP filed with DE Sect. of State, 401 of DE: PO Box 898 Dover, DE 19903. DE, John G. Townsend Bldg., 401 401 Federal St., Ste. 4, Dover, DE 19801. Cert. of Form. filed with DE Sec. Federal St, Ste 4, Dover, DE 19901. Purpose: any lawful act. Federal St., Ste. 4, Dover, DE 19901. 19901. Purpose: Any lawful activity. of State, 401 Federal St., Dover, DE Purpose: any lawful activity. Purpose: Any lawful activity. 19901. Purpose: all lawful purposes. NOTICE OF FORMATION OF PROTELI NOTICE OF FORMATION OF Notice of Formation of 855 DEVELOPER LLC, Arts. of Org. filed with the Sec’y NOT. OF FRMN of Kuafu Properties Rivington F & B, LLC. Arts of Org MATTER STRATEGIC ADVISORS, LLC. LLC. Arts. of Org. filed with Secy. of of State of NY (SSNY) on 8/22/13. LLC. Art. of Org. f w/ Secy of STA of filed with Secy of State of NY (SSNY) Arts of Org filed with Secy of State of State of NY (SSNY) on 10/23/13. Office Office location: NY County. SSNY NY (SSNY) 11/12/13. OFC LCTN: NY on 9/30/13. Office location: NY County. NY (SSNY) on 10/29/13. Office location: location: NY County. Princ. office of designated as agent upon whom Cty. SSNY is DA upon whom PROC SSNY designated as agent upon NY County. SSNY designated agent LLC: c/o The Durst Organization Inc., process may be served and shall AGA it may be served. SSNY shall whom process may be served and upon whom process may be served One Bryant Park, NY, NY 10036. mail copy of process against LLC to mail a CY: Kuafu Properties LLC, shall mail copy of process against and shall mail copy of process SSNY designated as agent of LLC C/O United STATES CORPORATION 1500 Broadway 22nd Fl, NY, NY LLC to: 155 Rivington Street, New against LLC to principal business upon whom process against it may AGENTS, INC., 7014 13th AVENUE, 10036. The Prin. bus. add. :1500 York, NY 10002. Principal business address: Matthew Russotti, 420 be served. SSNY shall mail process SUITE 202, BROOKLYN, NY 11228. Broadway 22nd Fl, NY, NY 10036. address: 155 Rivington Street, NY, Lexington Ave, Suite 2750, NY, NY to the LLC at the addr. of its princ. Purpose: Any lawful act. PUR: any lawful act or ACTY. NY 10002. Purpose: any lawful act. 10170. Purpose: any lawful activity. office. Purpose: Any lawful activity.

Notice of Formation of DH VWW NYC Notice of Formation of QUE PRODUCTS, NOTICE OF FORMATION OF ASTON NOTICE OF FORMATION of Avenues NOTICE OF FORMATION OF 1591 LLC. Arts. of Org. filed with Secy. of LLC, a domestic LLC. Arts. of Org. CAPITAL MANAGEMENT, LLC. Consulting Partners, LLC. Arts. of Org. SECOND AVENUE LLC. Arts of Org State of NY (SSNY) on 11/15/13. filed with the SSNY on 11/19/2013. ARTICLES OF ORG filed with Secy of filed with Secy. of State of NY (SSNY) filed with Secy of State of NY (SSNY) Office location: NY County. Princ. Office location: QUEENS County. State of NY (SSNY) on 11/01/2013. on 10/16/2013. Office location: New on 10/18/13. Office location: NY office of LLC: 132 E. 43rd St., #207, SSNY has been designated as agent Office location: NY County. SSNY has York County. SSNY designated as County. SSNY designated agent NY, NY 10017. SSNY designated as upon whom process against the LLC been designated as agent upon whom agent of LLC of whom process against upon whom process may be served agent of LLC upon whom process may be served. SSNY shall mail a process may be served and shall mail it may be served. SSNY shall mail and shall mail copy of process against it may be served. SSNY shall copy of process to: The LLC, C/O a copy of any process against LLC process to principal business location: against LLC to: 1650 Broadway Ste mail process to Corporation Service PHILLIPS, GOLD & COMPANY LLP to principal business address: 15 c/o Ms. Lucy Stragapede, 250 East 910, NY, NY 10019. Principal business Co., 80 State St., Albany, NY 12207- 1430 BROADWAY STE. 803 NY NY Broad Street, #2210, New York, NY 40th Street, Unit #18B, New York, NY address: 1591 Second Avenue, NY, 2543. Purpose: Any lawful activity. 10018. Purpose: Any Lawful Purpose. 10005. Purpose: any lawful or act. 10016 Purpose: any lawful act. NY 10028. Purpose: any lawful act.

28 | Crain’s New York Business | December 9, 2013 20131209-NEWS--0029-NAT-CCI-CN_-- 12/6/2013 7:27 PM Page 1

Sotheby’s under pressure Children’s Place

Continued from Page 3 that Sotheby’s may pursue strategies “We don’t believe that a business Continued from Page 4 erage of 12%. In the most recent temporary arena in recent years, to mollify Mr. Loeb and his that’s contributing 1% to 2% of your Late last year, the chain hired quarter,comparable online sales grew which has led to an overall decline in brethren that weaken its balance sales and consuming 50% of your Michael Scarpa, who had worked at 20%. To take advantage of the flood market share. According to Sothe- sheet. Standard & Poor’s Ratings transactional activity is a smart bet Talbots and Liz Claiborne, as chief of keyboard shoppers, Children’s by’s, it controlled 45% of the $10 Services placed Sotheby’s on credit for the future of our organization,” financial officer and later promoted Place reinvented its loyalty rewards billion art-auction market last year, watch this past September because said Mr. Ruprecht. him to chief operating officer. Mr. program by switching last year to an down from 48.5% in 2011. of the review.It said Sotheby’s could The spokesman added that Scarpa is credited with curbing online model in which customers can Christie’s share rose to 52% last year take on more debt to fund share- Sotheby’s hasn’t seen any evidence spending,slashing payrolls and shut- track and cash in their points. The from 48.5% in 2011. holder incentives such as paying that collectors of lower-priced art tering stores. Only after his appoint- program currently has 7.2 million Early in 2014, Sotheby’s man- dividends or selling off its head- start acquiring more expensive ment did analysts begin to see some members, more than double that of agement—at the goading of activist quarters at 1334 York Ave. pieces. hope for the 44-year-old brand. November 2012. shareholder Daniel Loeb—plans to “We worry that it may be pres- “They’re trying to figure out ways announce new strategies to improve sured to put on more debt,”said Ana ‘Near-death experience’ Stock moves up to drive more frequency to the web- its business. It’s already making Lai, a senior director at S&P. Still, Mr. Ruprecht acknowl- “There was a lot of speculation a site beyond just promotional mes- changes. Sotheby’s recently re- Sotheby’s has been exploring a edged, there is competition for couple of years ago that [Ms.Elfers] sages,” said Betty Chen, a retail ana- placed its CFO of 17 years with a sale of its headquarters, which, ana- high-value consignments. Sothe- was going to spend this business lyst at Mizuho Securities USA Inc. former Goldman Sachs partner, lysts estimate, could fetch about by’s has long grumbled that because into the ground,” said Stephanie Patrick McClymont, and adopted a $550 million.Yet Ms.Lai wondered Christie’s is a private company, it Wissink, a retail analyst Changes in product mix poison-pill plan to make a hostile what that would ultimately accom- doesn’t have to disclose the deals it at Piper Jaffray. “But The product mix has takeover more difficult. plish because the auction house makes to win the masterpieces that [Mr. Scarpa] has added also hit on the right Though there’s no consensus on would need to shell out a substantial draw the big bucks and banner a lot more rigor—he’s notes, a testament to what steps Sotheby’s Chairman and amount of money for rent. headlines. Both firms can choose to the ‘no’ man to her ‘yes,’ Ms. Elfers’ abilities as a CEO William Ruprecht will take to Mr. Loeb has broadly outlined “guarantee” prices to sellers, which and it’s a good balance.” merchant, according to reverse the company’s declining areas where he believes Sotheby’s means the auction houses will buy Investors seem to like experts. The brand has market share, investors are expect- has failed and could presumably the piece if it fails to sell for a prede- the combination as well. added more fashion- ing something. Shares have jumped make changes. For example, he sav- termined amount. The company’s stock, forward trends, such as 13%, to $51.91, since it was dis- aged Sotheby’s for not having an In- Tobias Meyer, Sotheby’s former trading near $54, is up color, sequins and closed in August that Mr. Loeb had ternet strategy and “ceding the mar- chief auctioneer and head of its con- 23% this year,though the rhinestones, to its acquired a stake, and are up 50% for ket for lower-value lots to your key temporary-art department, de- S&P retail index has in- older-girls offering,and the year. For the nine months ended rival.” scribed trying to get the prized creased more than 30% saved more basic cotton BIG SPENDER: CEO Jane Sept.30,net income declined 7%,to Christie’s has been moving ag- Warhol as a “near-death experi- over the same period. Elfers upgraded stores. products for the baby $39.3 million, compared with the gressively into holding online-only ence.” His departure last month was Ms. Elfers is operat- division. year-earlier period, while revenue auctions of lower-priced items as a seen as a significant loss for Sothe- ing against a difficult Yet with a shrinking increased 7%, to $514 million. way to reach a wider and broader au- by’s because of his reputation and backdrop. In addition to dealing fleet of 1,100 stores—about 20% of dience. connections. with sluggish shoppers this Christ- which are off-price outlets—any Demand for resignation A Sotheby’s spokesman coun- Art dealer Gary Nader said mas season, Children’s Place must growth for the company is expected Mr. Loeb is now the company’s tered that it has upgraded its website Sotheby’s will get beyond the loss of also contend with e-commerce out- to come from other channels. Al- largest shareholder, though other so clients can bid on any auction us- Mr. Meyer but said Christie’s pri- fits like Zulily,a Seattle-based flash- ready, Ms. Elfers has international hedge funders have also amassed ing any type of computer or mobile vate status is an advantage. A few sale site that regularly vaunts 75%- franchises in place—there are cur- positions. In October, Mr. Loeb device from anywhere in the world. years ago, he chose to sell a Picasso off discounts for designer duds and rently 32 stores in the Middle East. penned a scathing letter to Mr. He said that during the past year, its at Christie’s because it guaranteed toys. It went public last month and Early next year, Children’s Place is Ruprecht,demanding that he resign best clients bought $1.5 billion in art him $10 million while Sotheby’s saw shares soar 92% in its first day of opening franchises in Israel with a for a litany of reasons, including his over the Internet. On a conference wouldn’t commit. It sold for $13 trading. new partner, and the chain expects a $6.3 million compensation package. call last month, Mr. Ruprecht told million. “[Such competition] is always a total of 60 stores overseas by the end A Sotheby’s spokesman called the analysts that “one of our traditional Even so, Mr. Nader said both concern,” said Ms. Anderson, not- of 2014. charges “baseless and incendiary.” large competitors” sold 51% of its firms provide excellent service and ing Amazon’s growing strength in The company is also planning to “I’m not sure what the Street pieces for $5,000 or less, which expertise. He said investors should- the apparel field as well. expand its wholesaling program, really wants to hear,”said Marc Rid- amounted to 1.9% of its total sales. n’t get so upset over the loss of a few Luckily for Children’s Place, e- which began a test run last year with dick, an analyst at Williams Capital (Christie’s did not have an immedi- percentage points of market share. commerce is one of its bright spots. made-for-outlet clothing in 300 Group. “Sotheby’s is dealing with a ate comment.) In contrast, Sothe- “They don’t understand art,” he With online accounting for 14% of Sam’s Clubs. “Investors are in- lot of complex issues.” by’s sold 15% of its lots for $5,000 or said.“It’s not like the market share is sales year-to-date, the company’s trigued by how big the wholesale Some analysts are concerned less, accounting for 1% of its sales. a 60-40 split.” Ⅲ website ranks above the industry av- business can be,” said Ms. Chen. Ⅲ

2,896 local jobs by the end of 2029. cials say not only exemplifies a bet- opportunity for groups like ALIGN Subsidies assailed Through 2012, it had added 352. ter policy approach to job growth to change its direction. Whether or “Merrill Lynch was subsidized for but also points to a major flaw in not Mr. de Blasio sticks to his rhet- 15 years while bleeding jobs,” said ALIGN’s methodology. oric as Wall Street is courted with Continued from Page 3 “What’s remarkable about New Ms. Barnes. “That’s unfortunately An Economic Development growing intensity by states like New New York, examined the $7 billion York City is not only the amounts it been emblematic of the city’s corpo- Corp. spokeswoman said that be- Jersey (see Page 1)—past mayors in annual subsidies doled out by re- spends, but also that its failure rate rate subsidies overall.”Bank of Amer- cause the analysis was limited to have made similar vows, only to gional economic-development is so much higher than other re- ica did not respond to an inquiry. deals that concluded in 2011— back down when major employers agencies across the state and at- gions,” said ALIGN spokeswoman many of which originated a decade threatened to skip town—ALIGN’s tempted to quantify their effect on Kristi Barnes. City scales back or more ago—it is outdated. report suggests he should be wary of job creation. It found that for deals One infamous deal that the Mr. de Blasio has pledged to “As a result of this [agency’s] in- investing in the shrinking securities whose subsidies concluded in 2011, union-run group has carped about scale back so-called corporate- vestment, today more than 100,000 business. the average success rate of seven of for years involves Merrill Lynch. In welfare programs, especially for people are employed throughout the “By limiting outrageous pro- the state’s industrial-development 1997, the financial-services giant Wall Street. He declined to com- city by employers who otherwise grams of the past,” said Ms. Barnes, agencies was 24%. received $28 million in subsidies,in- ment for this story, but throughout wouldn’t have been able to build “the city has an opportunity to en- cluding a $12.3 million tax break the campaign made his stance on their businesses here.” courage diverse development of lo- Promises unmet from the city, to expand its lower subsidies quite clear.“Instead of tak- Nonetheless, the city’s subsidy cal industries outside the financial ALIGN counted as failures Manhattan headquarters.The com- ing money away from small busi- policy remains in flux, offering an sector.” Ⅲ agreements lacking job-creation tar- pany agreed to retain 9,000 jobs and nesses that can’t afford it,” he said in gets,as well as those for which targets add 2,000 more by June 2012. In- a May speech, “we must refocus tax CORRECTIONS were not reached. Eight of the state’s stead, it cut 3,901, nearly collapsing subsidies away from those who don’t The New 42nd Street gala on Nov. 18 raised $880,000. This fact was misstated in the Dec. 2 Snaps industrial-development agencies in the 2008 financial crisis and be- need them, and strategically invest column. were excluded from the analysis be- ing acquired by Bank of America. in jobs that lift all New Yorkers.” Queen of the Night, which will be performed at the Diamond Horseshoe supper club from Dec. 31 cause they did not disclose enough Still, Merrill was allowed to keep While ALIGN agrees with Mr. through Jan. 14, is inspired by Mozart’s Magic Flute and is not an adaptation of the opera. The creative data to be fairly assessed. almost all of the subsidies, even after de Blasio, its report noted that the team’s individual theater credits include such hits as American Idiot and Peter and the Starcatcher. The best success rate, in the Fin- leaving lower Manhattan for anoth- Bloomberg administration has al- This information was misstated in the Nov. 25 Out and About. ger Lakes region,was still only 48%. er heavily subsidized space—the ready reduced its economic-devel- Steve Minichini was previously president of interactive marketing at TargetCast tcm. This information New York City’s was 20%, tied for Bank of America Tower in midtown. opment spending substantially. was misstated in the Nov. 25 Executive Moves column. second lowest, in part because sub- Bank of America had received $50 The analysis found that from EmpireCLS Worldwide Chauffeured Services, No. 105 on Crain’s list of the New York area’s largest sidies went to the financial-services million in tax breaks to build its tow- 2009 to 2011, the city’s develop- privately held companies, is located at 225 Meadowlands Parkway, Secaucus, N.J., 07094. Its sector, which has been shedding er in a deal that calls for the Char- ment agency reduced its subsidies by address was misstated in the Nov. 18 list. jobs in recent years. lotte, N.C.-based bank to create 64%, a figure that the agency offi- Gallery 151 is located at 132 W. 18th St. Its address was misstated in the Nov. 18 Out and About.

December 9, 2013 | Crain’s New York Business | 29 FOR THE RECORD

for 26,400 square feet at 101 Park Ave. The investment-management firm will ABOUT THIS SECTION take the building’s entire 41st floor. The FOR THE RECORD is a weekly listing of information from the public record that tenant was represented by Greg Kraut can help businesspeople in the New York area find opportunities, potential and Brad Totten.The landlord, H.J. Retailers Wholesalers Restaurants Hotels Oil Dealers Social Services Kalikow & Co., was represented by John new clients and updates on competitors. Cefaly and Clark Finney of Cushman & To ask questions or get more information on this section, contact Crain’s Wakefield.The asking rent was $125 per research department at [email protected]. square foot. RETAIL ● YG Kitchen & Bath Inc. renewed its NEW IN TOWN GOVERNMENT CONTRACT lease for 4,200 square feet at 1115 Read Adam Friedlander’s OPPORTUNITIES Broadway. The kitchen and bathroom How to $ave Big on Workers’ Compensation Companies that would like to have details renovation company will continue to use of openings published should submit Following are selected contract the space for its retail showroom and descriptions following this format to opportunities recently announced by New offices. The tenant and the landlord, Call To Save Today [email protected], with York City agencies.To learn how to sell Eleven Fifteen Associates, were “New in Town” in the subject line. goods and services to city government, visit represented by James Buslik and Jeff www.nyc.gov/selltonyc. For a searchable Buslik of Adams & Co. The asking rent ● Kikkerland database of current procurement notices, was approximately $100 per square foot. Adam Friedlander • 800-394-7004, ext. 206 • [email protected] www.friedlandergroup.com • www.howtosavebigonworkerscomp.com 493 Sixth Ave., Manhattan visit www.nyc.gov/cityrecord. Listings are The design store opened on the Upper alphabetical by category and department. *Underwritten by the NYS Insurance Fund, 199 Church St., NY, NY 10007 West Side.The shop specializes in STOCK TRANSACTIONS one-of-a-kind home decor and gifts. CONSTRUCTION SERVICES ● Department of Design and Construction Following are recent insider transactions at ● La Brochette Seeks competitive sealed bids by 2 p.m. New York’s largest publicly held companies 340 Lexington Ave., Manhattan on Jan. 9 for installation of field lighting filed with the Securities and Exchange The restaurant opened in midtown east. for the South Shore Babe Ruth League Commission by executives and major It is billed as a kosher steakhouse and ball fields on Staten Island. Bid shareholders. Listings are in order of sushi bar. documents are available for a $35 fee, transaction value.The information was payable by check or money order only, obtained from Thomson Reuters. ● Rough Trade and can be downloaded at www.nyc.gov/ 64 N. Ninth St., Brooklyn buildnyc. An optional prebid conference ● Prudential Financial Inc. (PRU) The record store, bar and music venue will take place at 11 a.m. on Dec. 17 at Mark B. Grier, executive vice president opened in Williamsburg. It is the first the fields, located at 685 Page Ave., of financial management of the international location for the company. Staten Island. Bids will be opened on Prudential Insurance Co. of America Dec. 18 at 11 a.m. To make inquiries, Inc., exercised options on 309,007 BEST. contact Ben Perrone at (718) 391-2200. shares of common stock at prices We know you are, now let everyone else know. COMPANY MOVES ranging from $48.36 to $69.03 on Nov. GOODS AND SERVICES 18, in a transaction worth $17,982,666. Let the Custom Reprint Department help you promote this great press. Companies that would like to have details ● City University of New York On the same day, he sold 280,902 shares of recent moves published should submit Seeks competitive sealed bids by 2 p.m. of common stock at $89.30, in a descriptions following this format to on Jan. 9 for the purchase and installation transaction worth $25,084,548. He now [email protected], with of A-Dec dental equipment. A directly holds 255,373 shares. “Company Moves” in the subject line. mandatory prebid conference will take Plaques place at 10 a.m. on Dec. 17 at New York ● International Business Machines Inc. Celebrate your ● Athleta City College of Technology, room P-201, (IBM) accomplishments with a plaque 126 Fifth Ave., Manhattan 300 Jay St., Brooklyn. Bid documents can Linda S. Sanford, senior vice president of your companies ranking/ The athletic-apparel brand opened in be downloaded at www.lirobid of enterprise-on-demand profile. Comes in multiple Flatiron. It’s the third Manhattan documents.com.To make inquiries, transformation and information finishes to match any décor. location for the Gap-owned store. RSVP or to obtain bid documents, technology, exercised options on 50,053 Great for display in the office. contact Marcella Lee at (718) 473-8960 shares of common stock at $105.96 on ● DeVries Global or [email protected]. Nov. 20, in a transaction worth 909 Third Ave., Manhattan $5,303,616. On the same day, she sold The communications agency relocated 50,053 shares of common stock at prices to midtown east. Its previous address REAL ESTATE DEALS ranging from $185.00 to $185.50, in a was 30 E. 60th St. transaction worth $9,267,186. She now Hard Copies Companies that would like to have details directly holds 25,233 shares. CRAIN’S® NEW YORK BUSINESS ● VOL. XXVIII, NO. 49 WWW.CRAINSNEWYORK.COM DECEMBER 3-9, 2012 Grand Central Oyster Bar of their recent transactions appear in these CRAIN’S® NEW YORKREPORT BUSINESS BEST PLACES TO WORK Premium high quality VOL. XXVIII, NO. 49 WWW.CRAINSNEWYORK.COM DECEMBER 3-9, 2012

CRAIN’S 2012 CRAIN’S#4 CONDUCTOR INC. Best Places to Work® 2011 REPORT BEST PLACES TOTechnology NEWWORK YORK BUSINESS #1 Peppercomm 256 Fifth Ave., Brooklyn listings should email descriptions following James J. Kavanaugh, vice president and www.conductor.com; @conductor NYC employees 85 #2 Squarespace bestVOL. XXVIII, NO. 49 WWW.CRAINSNEWYORK.COM DECEMBER 3-9, 2012 U.S. employees 85 #3 Allison + Partners reproductions on 80 lb. glossy CRAIN’S 2012 #4 CONDUCTOR INC. Best Places to Work 2011 placesTechnology 2011/2010 revenue (in millions) $5/$1.5 #4 Conductor Inc. Average salary #1 Peppercomm www.conductor.com; @conductor REPORT$100,000 BEST PLACES#5 MicrosoftTO Corp.WORK NYC employees New positions 16 #2 Squarespace best towork85 #6 NetApp U.S. employees 85 Layoffs 0% #3 Allison + Partners The seafood eatery opened in Park this format to NDholakia@crainsnewyork controller, exercised options on 16,087 #7 Intent Media 2011/2010 revenue (in millions) $5/$1.5Voluntary turnover 1% places #4 Co#4nduc CONDUCTORtor Inc. #8 TheINC. Talener Group Best Places to Work 2011 in NYCCRAIN’S 2012With firm five years or more 35% to 49% Average salary $100,000 #5 MicrosoftTechnology Corp. New positions 16 Time off 21 days www.conductor.com; @conductor#9 Kimpton Hotels & Restaurants#1 Peppercomm paper that are designed to meet towork Health care premiums#6 NetApp Layoffsbest0% 75%NYC employeesto 99% 85 #10 Criteo #2 Squarespace How Crain’s found the Best Places to Work #7 Intent Media Voluntary turnover 1% Retirement plan 401(k),U.S. no matchemployees 85 #3 Allison + Partners in NYC With firm five years or more 35% to 49% #8 The Talener Group 2011/2010 revenue (in millions) $5/$1.5 o find the Best Places toplaces Work companies, #4 Conductor Inc. #9 Kimpton Hotels & Restaurants Slope. It is the second restaurant for the .com, with “Real estate transaction” in the Time off shares of common stock at $105.96 on 21 days Average salary Crain’s partnered with Best Company Group, $100,000 #5 Microsoft Corp. an independentHealth research care firm premiums that conducted 75% to 99% Even though#10 Criteo Newsix-year-old positions 16Conductor has expanded its employee How Crain’s found the Best PlacesT to Work towork #6 NetApp more than 16,000 surveysRetirement of employees plan in401(k), New York no match roster by nearlyLayoffs a third0% this past year, its startup culture remains City.To be eligible,businesses had to employ 25 or Voluntary turnover 1% #7 Intent Media your specific marketing needs. intact. ¶ That’s no mere accident, with the Manhattan search-engine o find the Best Places to Work companies,more workers within the city’sin five boroughs. NYC Scores With firm five years or more 35% to 49% #8 The Talener Group Crain’s partnered with Best Companyfrom employees,Group, who answered a confidential 76- optimization firm doing everything from adding a different Time off 21 days #9 Kimpton Hotels & Restaurants an independent research firm thatquestion conducted survey, were combined withEven scores though from six-year-oldan Conductormicrobrew has expanded beer every its month employee to its selection of snacks to equipping T Health care premiums more than 16,000 surveys of employees in81-question New York survey of employers.roster Questions by focusednearly a third this past year, its startup culture remains75% to 99% #10 Criteo company, after its namesake location in subject line, or enter them online at Nov. 18, in a transaction worth new hires with a copy of Susan Scott’s Fierce Conversations, which City.To be eligible,businesses had to employ 25 or How Crain’s found the Best Places to Work Retirement plan 401(k), no match on everything from benefits and policiesintact. to ¶ That’s no mere accident,offers with tips the for Manhattan sharing search-engine more workers within the city’s five boroughs.opportunities Scores for advancement and corporate culture. from employees, who answered a confidentialResults 76- from the employee surveysoptimization omade find upthe 75% Best of Placesfirm todoing Work everythingcompanies,concerns from and adding ideas. a ¶different question survey, were combined with scoresthe from total anscore; results from the employermicrobrewCrain’s surveyspartnered beer with every Best monthCompany to Group,“We’ve its selection been ableof snacks to foster to equipping a Even though Can be used for client mailings, 81-question survey of employers. Questionsmade focused up 25%. Tnewan independent hires with research a copy firm of that Susan conducted dialogueScott’s Fierce and keepConversations people , whichsix-year-old Conductor has expanded its employee on everything from benefits and policies to more than 16,000 surveys of employees in New York Cara S.Trager served as the contributingoffers tips editor for sharingof happy and part of theroster by nearly a third this past year, its startup culture remains opportunities for advancement and corporatethis section, culture. which was writtenCity.To by Barbara be eligible,businesses Benson, had to employ 25 or intact. ¶ That’s no mere accident, with the Manhattan search-engine Results from the employee surveys made up 75% of more workersconcerns within and the ideas. city’s five ¶ boroughs. Scoresteam,” said CEO Seth midtown. crainsnewyork.com/submitadeal. Deals are Lauren Elkies, Ali Elkin, Aaron Elstein, Lisa $1,704,579. On the same day, he sold the total score; results from the employer Fickenscher,surveys Matthew Flamm,from Amandaemployees,“We’ve Fung, been who answered able to a fosterconfidential a 76-Besmertnik. ¶ It’s a optimizationgoal the firm doing everything from adding a different made up 25%. Andrew J. Hawkins, Fran Hawthorne,questiondialogue survey, Diane were and Hess, combined keep people with scores fromfirm an has clearly attained.microbrew beer every month to its selection of snacks to equipping Cara S.Trager served as the contributingHilary editor Johnson,Tania of Karas,81-question Emilyhappy Laermer, survey and Judithof part employers. of the Questions focused new hires with a copy of Susan Scott’s Fierce Conversations, which this section, which was written by BarbaraMessina, Benson, Adrianne Pasquarelli,on everything Elaine Pofeldt, from benefits Hilary and policies“Wellness” to room for praying, nursing or attending to personal health needs offers tips for sharing Lauren Elkies, Ali Elkin, Aaron Elstein, LisaPotkewitz, Eva Saviano andopportunities Galeteam,” Scott. for said advancement CEO Seth and corporate culture. reception area reading and Fickenscher, Matthew Flamm, Amanda Fung, ResultsBesmertnik. from the employee ¶ It’s surveys a goal made the up 75% of concerns and ideas. ¶ Andrew J. Hawkins, Fran Hawthorne, Diane Hess, the totalfirm score; has results clearly from attained.the employer surveys “We’ve been able to foster a listed in order of square footage. 16,087 shares of common stock at prices Hilary Johnson,Tania Karas, Emily Laermer, Judith made up 25%. dialogue and keep people Messina, Adrianne Pasquarelli, Elaine Pofeldt, Hilary “Wellness”Cara room S.Trager for praying, served nursing as the contributingor editor of Theattending Publisher’s to personal sale of this health reprint needs does not constitute or imply any endorsement or sponsorshiphappy ofand any product,part of service the or organization. Potkewitz, Eva Saviano and Gale Scott. this section, whichReprinted was withwritten permission by Barbara from theBenson, Crain's New York Business. © 2012 Crain Communications Inc. Lauren Elkies,REPRODUCTIONS Ali Elkin, Aaron ARE Elstein, NOT PERMITTED. Lisa 212.210.0707 +
Visit www.crainsnewyork.com.team,” said CEO #NB12056 Seth Fickenscher, Matthew Flamm, Amanda Fung, Besmertnik. ¶ It’s a goal the Andrew J. Hawkins, Fran Hawthorne, Diane Hess, firm has clearly attained. for inclusion in press kits. The Publisher’s sale of this reprint does not constituteHilary or imply Johnson,Tania any endorsement Karas, or Emilysponsorship Laermer, of any Judith product, service or organization. Reprinted with permission fromMessina, the Crain's Adrianne New York BusinessPasquarelli,. © 2012 Elaine Crain Pofeldt, Communications Hilary Inc. “Wellness” room for praying, nursing or REPRODUCTIONS ARE NOT PERMITTED. 212.210.0707 +
Visit www.crainsnewyork.com. #NB12056 ranging from $184.36 to $184.91, in a attending to personal health needs Potkewitz, Eva Saviano and Gale Scott.

The Publisher’s sale of this reprint does not constitute or imply any endorsement or sponsorship of any product, service or organization. Reprinted with permission from the Crain's New York Business. © 2012 Crain Communications Inc. REPRODUCTIONS ARE NOT PERMITTED. 212.210.0707 +
Visit www.crainsnewyork.com. #NB12056 Minimum order of 100. BANKRUPTCIES COMMERCIAL transaction worth $2,971,427. He now ● Federated Investors Inc. signed a lease directly holds 15,331 shares. Ⅲ The following listings are selected from the most recent available filings by companies seeking bankruptcy protection in the Eprints Southern and Eastern Districts of New DEALS ROUNDUP

CRAIN’S® NEW YORK BUSINESS York. Information was obtained from U.S. VOL. XXVIII, NO. 49 WWW.CRAINSNEWYORK.COM DECEMBER 3-9, 2012 (Digital Reprints) REPORT BEST PLACES TO WORK Bankruptcy Court records available on CRAIN’S 2012 #4 CONDUCTOR INC. Best Places to Work 2011 Maximize your exposure and Technology www.conductor.com; @conductor #1 Peppercomm best NYC employees 85 #2 Squarespace TRANSACTION SIZE U.S. employees 85 #3 Allison + Partners places 2011/2010 revenue (in millions) $5/$1.5 #4 Conductor Inc. Public Access to Court Electronic Records. Average salary $100,000 #5 Microsoft Corp. drive traffic to your website New positions 16 towork #6 NetApp Layoffs 0% TARGET/SELLER (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE Voluntary turnover 1% #7 Intent Media in NYC With firm five years or more 35% to 49% #8 The Talener Group Time off 21 days #9 Kimpton Hotels & Restaurants Listings are in alphabetical order. Health care premiums 75% to 99% #10 Criteo How Crain’s found the Best Places to Work Retirement plan 401(k), no match with Eprints. Receive a PDF

o find the Best Places to Work companies, Crain’s partnered with Best Company Group, Tan independent research firm that conducted Even though six-year-old Conductor has expanded its employee $2,182.1 more than 16,000 surveys of employees in New York Coastal Energy Co./ Compañía Española de Petróleos S.A.U., FB M&A roster by nearly a third this past year, its startup culture remains City.To be eligible,businesses had to employ 25 or intact. ¶ That’s no mere accident, with the Manhattan search-engine more workers within the city’s five boroughs. Scores from employees, who answered a confidential 76- optimization firm doing everything from adding a different of your feature that can be question survey, were combined with scores from an microbrew beer every month to its selection of snacks to equipping 81-question survey of employers. Questions focused ● new hires with a copy of Susan Scott’s Fierce Conversations, which on everything from benefits and policies to Ingalls & Snyder Strategic Resources (Global) Ltd. ff f h 92 Vanderbilt Avenue Inc. used for web posting and/or 1621 E. 31st St., Brooklyn (Manhattan) electronic distribution. Filed for Chapter 11 bankruptcy Patheon Inc./ $1,923.9 JLL Partners (Manhattan), FB M&A All Eprints are sold as time- protection on Nov. 26. The filing cites Advent-Morro Equity Koninklijke DSM N.V. based licenses. estimated liabilities of $1,000,001 to Partners, JLL Partners (Manhattan) $10 million and estimated assets of $1,000,001 to $10 million. 52-property portfolio $1,010.0 Newcastle Investment Corp. SB M&A of senior housing/ (Manhattan) It’s not too late to license the Best Places to Work ● Harlem Phoenix Realty Corp. Holiday Acquisition Holdings logo to use in all print and digital marketing 216 E. 125th St., Manhattan American Achievement $486.0 Jostens Inc. (Manhattan) SB M&A Filed for Chapter 11 bankruptcy Group Holding Corp./ For more information contact protection on Nov. 17. The filing cites Fenway Partners (Manhattan), estimated liabilities of $1,000,001 to Lauren Melesio, Reprint Sales Manager Carlyle Group $10 million and estimated assets of # " 
&
$
  Selected deals announced for the week ended Nov. 23 involving companies in metro New York. $1,000,001 to $10 million. The creditors FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing Crains New York Business is not affiliated with any other reprint or plaque vendor. with the largest unsecured claims are shares of a company with the participation of a financial buyer. SB M&A: Strategic buyer Citibank, owed $40,000; DEP/BCS, M&A represents a minority or majority acquisition of existing shares of a company without the owed $4,390.05; and Consolidated participation of a financial buyer. source: capitaliq Edison, owed $2,463.26.

30 | Crain’s New York Business | December 9, 2013 20131209-NEWS--0031-NAT-CCI-CN_-- 12/6/2013 6:23 PM Page 1

IN THE BOROUGHS QUEENS DIVERSIFY YOUR HOLDINGS

enue. She insists the BID will ulti- It’s time to review your Big BID expansion mately make the area’s small busi- nesses more competitive and will portfolio and invest in Continued from Page 4 tional services such as graffiti re- help combat a seediness that has set- yourself. Come see concerns that it could usher in a new moval, extra sanitation pickups, tled over Roosevelt Avenue, bring- what’s new for 2014. era of commercial uniformity. At brighter street lighting and holiday ing with it a proliferation of prosti- the area’s commercial heart is tution, public drunkenness and Find the best in boats Roosevelt Avenue, a vibrant street hawkers selling every- and marine gear, engines thoroughfare where inex- thing from fake green cards to and electronics at the pensive Mexican restau- driver’s licenses. world’s fi rst and longest rants, Dominican bakeries and Colombian boutiques Restoring safety running boat show. are sandwiched between In- In some ways, her new deal dian retailers and Bengali draws inspiration from the task PLUS… Boating music shops. force convened in the early “There is a fear that this is ’90s, shortly after the Jackson simulator, boating & the beginning of the end for Heights Beautification Group, fi shing seminars, Miss the mom-and-pop stores,” a precursor to the BID, formed GEICO racing boat, said Ruben Dario Ramirez,a in 1988 to clean up the neigh- and more. business owner in Jackson borhood. The group worked Heights since 1991 who with the NYPD’s 115th runs Libreria El Dorado, a Precinct and others to close bookstore on Roosevelt Av- more than 85 brothels and enue and 84th Street. dozens of illegal drug locations REBORN: Space under the 7 line is now designed for fun. along the avenue. Willets Point project Ms. Ferreras, who grew up Some of these merchants in Jackson Heights, said she *ANUARYns*AVITS#ENTER are rallying against the expansion, street fairs,allowing local merchants wants to restore the neighborhood leery that standardizing the neigh- to better compete. Mr. Taylor said to that level of safety. In a step in SHOW HOURS: borhood will push out immigrant the BID will also look to partner lo- that direction, the BID rolled out a Wednesday–Friday Noon–9pm; Saturday 10am–9pm; Sunday 10am–6pm shopkeepers to make way for larger cal businesses with nearby corporate pilot program in October to trans- chain stores that can afford to pay and cultural institutions, including form a vacant paved space under Pre-shop, tickets & details at NYBoatShow.com BID fees, which on aver- the New York Mets, the the elevated 7 train at 90th Street age will cost property Queens Museum of Art and Roosevelt Avenue—the site of owners $75 a month. BID ON and Elmhurst Hospital, two recent murders—into a com- Meanwhile, retailers STEROIDS offering items such as munity plaza with tables, chairs of all sizes agree that a restaurant discounts to and entertainment. huge mall planned as part ticket-holders and refer- Monica Calderon, owner of of the Willets Point de- 450% rals for doctors and den- LLC Accounting on Roosevelt Av- velopment at the eastern PROPOSED tists with offices along enue for more than 25 years, terminus of Roosevelt increase in Roosevelt Avenue. showed up at the plaza’s opening to Avenue could siphon off businesses Business and property show her support. lots of business. owners and residents “The illegal activity along the The $3 billion Willets must cast their vote by avenue is hurting business,” said Point project, a signature $860K January.The proposal will Ms. Calderon. “We need to band agenda item for Mayor PROJECTED budget then go to the city’s De- together to fight back for our Michael Bloomberg, was partment of Small Busi- neighborhood.” approved by the City ness Services for final ap- Meanwhile, several community Council in October. The 1990 proval. leaders dismissed opposition to a proposed complex in- YEAR BID For local City Council bigger BID. was founded cludes housing, a hotel, member Julissa Ferreras, “There’s always resistance to restaurants, bars and a the bigger BID is part of change at first, but as they realize megamall to be built on the former a broader “new deal” for Roosevelt the benefits to the community at Shea Stadium site. Construction is Avenue she unveiled in June. It calls large, they come around,” says set to begin in 2016 and be complet- on the NYPD, local community Rudolph Greco, a longtime neigh- Hammacher Schlemmer ed by 2018. boards, the Department of Sanita- borhood activist and the former Proponents argue that a deeper- tion and others to address crime and president of the Jackson Heights Offering the Best, the Only and the Unexpected for 165 years. pocketed BID would support addi- quality-of-life issues along the av- Beautification Group. Ⅲ The Two Person 60 MPH Hovercraft down our throats.” public meetings and presentations, FROM Earlier this fall, a Bronx and he insists time is running out. AROUND Supreme Court judge agreed “The existing City Island Bridge enough to grant a temporary re- is now far past its intended lifespan THE CITY straining order on construction of and shows significant deteriora- the 180-foot-high bridge. While tion,” said the spokesman. “The BRONX the cable-stayed design would be project for the new bridge has to the first of its kind in New York move ahead.” City I. rises against state, the bridge’s height would be Maybe so, but not before oral ar- nearly triple the 35-foot maximum guments are heard on the suit this towering new span on the island—though Ms. month in Bronx county court. City Islanders love their quaint, Dolensek concedes it’s a big im- —laura lorenzetti low-rise, nautical neighborhood. provement on And to keep it that way,local politi- the original, cians have filed a suit against the city 450-foot-high to halt a Department of Transporta- design. tion plan to replace the 112-year- A DOT old causeway that provides the is- spokesman dis- Our Manhattan store brims with unique gift ideas, land’s only link with the mainland putes the charge now exhibited within a magnificent new showcase. with a hulking, $102 million cable- of a lack of con- As always, every item is backed by stayed bridge. sultation. He The Hammacher Schlemmer Lifetime Guarantee. “It’s completely inappropriate notes that the for City Island,” said Barbara department’s 147 East 57th Street Dolensek, a member of the City Is- community land Civic Association and the suit’s outreach has in- 800-421-9002 lead plaintiff. “And it’s being forced cluded a dozen SHRINKING TOWER: The city has already downsized its design once.

December 9, 2013 | Crain’s New York Business | 31 20131209-NEWS--0032-NAT-CCI-CN_-- 12/6/2013 7:25 PM Page 1

he didn’t want to become a lawyer. trated in the New York area,and do- value of L+M’s larger project. Curi- Then, barely five years into his new ing about $600 million in develop- ously,that development will draw on Odd developer on roll career, Mr. Moelis departed from ment annually. the experience the firm gleaned from the usual model by building a hous- “My idea was to try to integrate its work on another flood-prone site, Continued from Page 4 number of unusual bells and whistles. ing mini-conglomerate. It began the concept of double bottom-line, in New Orleans, where it built the great leadership is going to contin- Among them will be a new home for with the formation of a construction doing good by the community, into first phases of that city’s largest ue to succeed [under the de Blasio the beloved La Guardia-era Essex arm, and was followed several years the business model,” he said. “And public-housing project in 2011. administration],” said Judith Calo- Market, a branch of the Andy later by a property-management what I believed then, and I still be- The challenge for all affordable- gero, chief executive of the New Warhol Museum and a rooftop farm. subsidiary,and still later by one spe- lieve now, is that if you do the right housing developers is that to get York Housing Conference. For L+M and other developers, cializing in retail. thing,it will enhance your business,” the job done, firms must traverse For openers, L+M will kick off the drawback to the affordable- “L+M was one of the first to fully he said. the labyrinth of government bu- the new year by putting into gear a housing business is that jobs on the integrate its affordable-housing reaucracy. project that founder and CEO Ron scale of Seward Park seldom come company, and is fully integrated in a Good with a buck “People who don’t care about the Moelis calls nothing less than “the around. Instead, since he started the way that allows it to be a part of a proj- Make no mistake: Mr. Moelis mission don’t do so well in this busi- culmination of what I’ve been doing company in 1984, Mr. Moelis has ect throughout its various stages,”said still knows how to turn a buck. ness,” said Martin Dunn, chief ex- for 30 years.” Essex Crossing will built one of the city’s largest busi- Rafael Cestero, former commission- A case in point is L+M’s recent ecutive of a namesake affordable- transform 1.7 million square feet of nesses focused on affordable hous- er of the city’s Department of Hous- rehab of a storm-battered Mitchell- development firm.For those who do the Seward Park Urban Renewal ing by taking on smaller projects, ing Preservation and Development Lama apartment complex called and who also have talent, however, Area. which at least offer the benefit of and current head of the nonprofit Ocean Village in Far Rockaway, he noted that they will have “a lot of “We can do really cool, interest- being less risky than high-end, Community Development Partners. Queens, across the street from the opportunities.” ing things in the community, hope- large-scale developments. What started out as a two- 80-acre site where L+M will build And considering Mr. de Blasio’s fully make money doing it,and build “Our philosophy is no home person company has grown into an about 1,500 housing units as part of plan to create or preserve 200,000 something that is going to be a real runs, but no strikeouts,” he said. outfit with a staff of nearly 250,each a city-selected team that recently units of affordable housing over the legacy project,” he said. of whom owns a piece of the firm. tapped the Swedish firm to design. next decade—35,000 more than In addition to building 1,000 A rare departure Among them are three social work- “It’s no coincidence they are in- the Bloomberg administration—it apartments, half of them designated The Queens-born and ers, a community-relations special- vesting the money now,” said looks as though L+M is going to as permanently affordable, the proj- Westchester-raised developer got ist and a person focused full-time on Queens Councilman Donovan have plenty of opportunities. Ⅲ ect, which L+M will do in concert into the business after graduating philanthropic endeavors. Today, Richards, a former resident of the with BFC Partners and Taconic In- from New York University School L+M owns or manages roughly complex, who noted that a gussied- LISTEN to a discussion at vestment Partners, will include a of Law,and quickly discovering that 10,000 apartments, mostly concen- up Ocean Village only enhances the CrainsNewYork.com/podcasts

ly not going to be able to build class- ceed the premiums paid by the “The courts and the statute are Old scaffold law rooms for our children, we are more SCA, the insurer will charge the clear: It’s the responsibility of own- hopeful [about changing the law].” SCA the difference in order to avoid ers and general contractors, who are The facts of the SCA example incurring a loss. best placed to control the work site, Continued from Page 1 said. “The impact of the law on the are simple and telling. In total, the The SCA is one of many jumbo- to provide safety equipment and en- on the roughly $2 billion worth of SCA effectively results in the con- SCA is budgeting $650 million over size builders that are feeling the sure their workers know about it,” schools the agency builds or rehabs struction of fewer schools because the next three years for its insurance pinch. For example, both the MTA said Andrew Friedman,a lawyer and annually. the additional funds that must be coverage. That is nearly three times and the Port Authority of New York co-executive director of the immi- By most accounts, the culprit is spent on insurance will be unavail- the cost of its policy that expires at and New Jersey will also likely see grants’ rights group Center for Pop- an arcane, century-old rule called able for SCA capital projects.” year’s end. hundreds of millions of dollars of in- ular Democracy,which has champi- Labor Law 240, which mandates After months of rising com- Even worse, the agency will pay surance increases in the next few oned Labor Law 240 for the way it that developers assume 100% of the plaints from contractors and devel- far more for less coverage. years. protects otherwise voiceless immi- liability for accidents on a building opers about their own escalating in- “The impact to the MTA is an in- grant construction workers. “If they site regardless of fault.That law and surance costs failed to move Albany Early indication crease in the cost of our capital proj- don’t, they are responsible.” a recent run-up in the size of court legislators to change the law, advo- The first sign of a problem came ects,” an MTA spokesman said,who With government agencies’ settlements in such cases have cates are seizing on the SCA case as earlier in the year,when only two in- noted that the agency was still quan- budgets—and now even the con- moved insurers to push premiums to the one they hope will finally tip the surers, AIG and ACE Group, re- tifying the full extent of the impact. struction of schools—hanging in the record heights. balance. sponded to the SCA’s request for Meanwhile, Labor Law 240 still balance, opponents are hopeful that “As a result of Labor Law 240, “To see these insurance costs for quotes. That compares with the has powerful backers in Albany. they can ramp up enough pressure to which imposes strict and absolute li- the SCA is alarming, and it shows dozen or more the agency formerly There, a coalition of trial lawyers finally sweep away Labor Law 240. ability on owners and general con- that we have really hit the breaking counted on to compete for its busi- and construction unions have long They are hoping to follow Ohio and tractors for gravity-related accidents, point,” said Lou Coletti, chief exec- ness. Both companies offered poli- succeeded in fighting off challenges Illinois, the only other states to have the SCA’s insurance costs are three to utive of the Building Trades Em- cies that function in a way that some to a statute that they say keeps own- had such statutes, but which were four times greater than they would be ployers’ Association, a group that say hardly resembles insurance be- ers and contractors on the financial eliminated more than a decade ago.Ⅲ for the same construction program in represents construction contractors. cause neither assumes risk in the hook for potential claims because it New Jersey, which does not have a “Now that this is a crisis that hits new plans. That means that if pay- incentivizes both to make sure that LISTEN to a discussion at similar law,” an SCA spokeswoman home for everyone,and we’re literal- outs to cover insurance claims ex- their job sites are safe. CrainsNewYork.com/podcasts

costs about $1 million to start a co- shelves, cleaning and ordering mer- Hill get off the ground. In fact, Park Park Slope co-op op, according to Stuart Reid, execu- chandise—significantly reduces its Slope’s members are allowed to ap- tive director of the Food Co-op Ini- labor costs, allowing it to pass along ply their two hours and 45 minutes’ tiative. the savings to members. monthly work requirement to help- Continued from Page 1 Heights and Fort Greene. “A lot of startups need a little bit Although many co-ops started ing Greene Hill. that will make low-interest-rate Rather than fearing competi- of seed capital early on,” he said. out with work-rule requirements, “I ride my three-wheeled trike loans of about 2% at the grocer’s dis- tion, Mr. Holtz wants Greene Hill “Even a small amount, from $5,000 they didn’t stay that way because it [to Park Slope],” said Ms. Holland, cretion.The co-op is close to finaliz- to grow to relieve some membership to $10,000,can cover a lot of ground makes it hard to keep members. In- who was inspired to launch a co-op ing its application,and the first loans pressure on his popular co-op. “We in the early organizing.” deed, about 45 people a week join closer to her Fort Greene home af- are expected to be made next year. don’t ever consider co-ops competi- Park Slope hasn’t determined the and leave Park Slope because they ter shopping at Park Slope, where The fund has just $40,000 or so tion,” he said. “A nearby co-op size of its loans yet, Mr. Holtz said. move away or can’t fulfill their work she is a member. “It’s a food desert available now, but the general man- might lessen the demand for ours,so In Brooklyn alone, there are at obligation, according to Mr. Holtz. where we are,” she said. ager of the co-op,Joe Holtz,believes that would be a good thing.” least six fledgling operations that The Flatbush Food Co-op,a $10 Collegiality among co-ops stems it has the potential to grow much The loan program comes at a could use the investment, including million store with 5,000 members from their doctrine. “We believe all larger. “If just 3,000 of our mem- time when food co-ops are growing ones in Bed-Stuy, Bushwick, Bay that was founded in 1976, does not cooperatives have an obligation to bers donated $30 a year, it would nationwide and in New York City. Ridge, Prospect Lefferts Gardens require members to volunteer their work with other cooperatives,” said have $90,000,” he pointed out. Do- Many of them started during the and Windsor Terrace. time, nor does it exclude nonmem- Mr. Holtz. nation cards are available near the downturn, and some are taking root bers from shopping there, making it But not all co-op members are as store’s checkout aisles. in gentrifying neighborhoods, as Meeting the requirements ineligible for a loan. principled. Theft is actually on the The first applicant is likely to be Park Slope was in the 1970s. There But not all of them will qualify. For Greene Hill, extra cash rise at Park Slope—though it is still the Greene Hill Food Co-op in are some 370 across the country,and Greene Hill meets Park Slope’s crite- would help it grow into its 2,700- lower than at comparable stores.Mr. Clinton Hill, Brooklyn. About two about 70 of them started since 2008, ria in two important ways. It requires square-foot space, only a portion of Holtz estimates that the co-op los- miles from the Park Slope store, according to the Food Co-op Initia- its members to volunteer at the store which is used for selling merchan- es $438,000 a year. In November, a Greene Hill even shares some mem- tive, a Minnesota-based nonprofit two hours a month,and it allows only dise because the business is still too member was arrested for stealing bers with its bigger neighbor. that supports co-ops. members to shop at the store. small. The startup might also ex- $25 worth of merchandise. She was “I think we will apply for the loan,” The organization gives out “The model for our food co-op is pand its hours as more members also expelled from the co-op. Ⅲ said DK Holland,a co-founder of the $10,000 grants to co-ops that can unusual,” conceded Mr. Holtz. join. It’s now open only three days a two-year-old store, whose 1,300 raise the same amount on their own. Having members handle most of week. Park Slope members have LISTEN to a discussion at members hail from Bed-Stuy,Crown But that’s a drop in the bucket. It the work at the co-op—stocking spent many hours helping Greene CrainsNewYork.com/podcasts

32 | Crain’s New York Business | December 9, 2013 20131209-NEWS--0033-NAT-CCI-CN_-- 12/5/2013 7:11 PM Page 1

HELLUVA TOWN INSIDE Source Lunch A rare B’klyn firm does midday repast for new a flavor boro prez PAGE 34 Madécasse, a tiny Out and About Brooklyn-based company that Billy Crystal returns to produces chocolate Broadway PAGE 35 bars and vanilla extract in Madagascar, is making some sweet dough. The six-year- old firm is on track to generate $3 million in revenue this year, up from $1.9 million in 2012, and is projecting $4.5 million in 2014 as its founders—two former Peace Corps volunteers who lived in Africa—line up outside investors to raise $5 million and help it expand. Already in 2,000 stores across the country including Whole Foods, Madécasse wants to eventually add coffee, cinnamon and cloves to its product line—all manufactured and packaged in the 10th- poorest country in the world. Madagascar produces 60% of the world’s vanilla beans and 70% of its cocoa, but the vast majority of these products are exported raw, and the more lucrative processing takes place elsewhere. DOING IT ALL: Although “We realized that this is what’s Pauline and Thomas Nakios work hard on keeping Madagascar poor,” said Tim McCollum clothing line Lilla P, they , co-founder of find time for their two Madécasse, which contracts with boys and a date night local factories, creating good- once a week. paying jobs. The fair-trade chocolate bars, which come in exotic flavors like cinnamon/chili pepper, cost $6. The vanilla extract, at $6.50 to $16, is twice the strength of most vanilla extract sold in the U.S. —lisa fickenscher Style site nails down debut

Pedicure.com wants consumers to polish up their act. Launched on Dec. 4, the site offers colorful tips for keeping hands and feet well groomed: A peek into any crowded nail salon will explain just how critical such information can be. To differentiate from competitors such as nailitmag In style: couple-preneurs .com and nailsplash.com, the site sports a foot focus, giving advice on how to handle a damaged The fashion industry attracts more than its share toenail or fix yellow-stained nails. But it dishes on celebrity style as of husband-and-wife teams well, such as how to get Miley

Cyrus’ “Wrecking Ball” manicure. buck ennis Publisher Ruth Shelling noted that in challenging financial times, “nail care has become the BY MIRIAM KREININ SOUCCAR affordable luxury. It’s like the lipstick index.” he holidays can’t come soon enough for Pauline and Thomas Nakios. ¶ The RINGING IT UP Revenue for the site—founded husband-and-wife team behind the women’s clothing line Lilla P has been by entrepreneur Michael Panayiotis, who snagged $100,000 in seed working 60-hour weeks to prepare for retail’s most important moment.That money—will come from doesn’t include, of course, the time spent with their two boys, ages 7 and 4. advertising and e-commerce. Ms. Ms. Nakios wakes up before 6 a.m. to handle early-morning affairs and get Shelling, who was previously $95M national advertising director for the boys to school, while her husband handles calls with factories in Asia Australian publisher ACP during the wee hours. Still, the couple schedules a date night once a week ANNUAL revenue for Nanette Magazines, expects at least 100,000 Lepore unique monthly visitors by early where they try not to talk about their business, but they just can’t help it. ¶ 2014. —lisa ferber “For a long time we thought we had to have work/life separation, but now we realize there’s no way to do that,” Ms. Nakios said. ¶ A growing number of husbands and wives have been joining Tentrepreneurial forces because of the weak job market, but the fashion industry seems to attract more than its share of couple-preneurs.The majority of them follow a pattern similar to the Nakioses’: The wife launches a clothing line, and the husband steps in to handle the financials. ¶ $35M “The women tend to be the designers, and they sucker the guys See COUPLE-PRENEURS on Page 34 ANNUAL gross sales for Tibi shutterstock

December 9, 2013 | Crain’s New York Business | 33 SOURCE LUNCH: In style: couple-preneurs GALE BREWER buck ennis by Chris Bragg Continued from Page 33 ty stores, and the company is look- find what his role was going to be,” into it,” joked veteran designer ing for its first stand-alone retail said Ms. Smilovic, whose title is Nanette Lepore, whose husband, space in Manhattan. creative director and founder,while Robert Savage, is chief executive of “It was the biggest hurdle for my Mr. Smilovic is president and chief her $95 million company. personality to stop saying,‘I started executive. “But now, between li- She makes policy, It’s not just husbands and wives, this;this is mine,’”Ms.Nakios said. censing agreements, stores and of course.A number of gay couples, “But when we were trying to grow, contracts, I don’t know what I like Michael Kors and Lance Le- I realized how much help I needed would do without him.” doesn’t take lunch Pere, and Mark Badgley and James from Thomas, and there was a piv- Tibi now has more than $35 Mischka, run famous labels as a otal point when I realized we need- million in gross sales annually and team. ed each other equally.” expects revenue to grow 14% in For Amy and Frank Smilovic, 2013 over last year.The couple has pper West Side Coun- we’re all excited about working to- ‘A symbiotic relationship’ the owners of Tibi, the decision to 65 employees and a lifestyle they cilwoman Gale Brew- gether. We can do reports together, Analysts say the growing intri- have Frank join the company never would have had without er, a longtime veteran economic-development ideas. It’s cacies of managing a fashion house stemmed from logistical needs for their own business. of government, is different personalities than we had has made the endeavor a perfect fit They drop their boys, ages 13 about to assume her before. for couples, giving each a meaty and 10, at school together in the Uhighest-profile role yet: Manhattan role in an outfit’s success. ‘When we were morning and then take the train borough president.Ms.Brewer’s rise You seem more normal and down-to-earth “The fashion business has be- from Greenwich to Manhattan. is notable because she’s considered than most politicians. come more market-driven and trying to grow, They catch the 4:45 train home to one of the least outwardly political I am very normal.My phone number bottom-line responsible,”said Tom get to their kids by 6 p.m.,when they members of the City Council, and is is in the phone book. I believe in Julian, strategic director for the I realized prohibit each other from speaking instead known as a policy wonk who meeting people where they’re at and Doneger Group, a retail consulting about work until the boys are asleep. obsesses over every constituent letter not trying to be somebody else. I’m firm in New York. “Usually the how much Lisa and Scott Goldberg, own- and issue.Ms.Brewer,the sponsor of very much a believer in making peo- husband runs back-of-house and ers of the luxury knitwear brand this year’s landmark paid-sick-leave ple’s lives get better, and that’s why the wife handles creative. It’s a help I needed’ Minnie Rose, have a similar agree- bill,spoke about her plans for the job I’m in this business. symbiotic relationship.” ment.The couple have a 7-year-old she will assume in January. Strutting down the catwalk to- son and a 22-month-old daughter Will the business community have a voice gether isn’t always easy. Though and live on the Upper East Side. What’s your biggest issue? as the new mayor and City Council look many husband-and-wife teams The Goldbergs drive to work to- I think the No. 1 issue for Manhat- to expand paid sick leave to all city thrive at home and at work, some gether every day, and when they tanites and all of New York is a lack businesses next year? high-profile relationships have their family. The couple, who met pull into the garage in the evening of affordable housing. I think we I’ve given up on the number of times ended in shreds.Tory and Christo- as executives at American Express, they vow to stop discussing work want to fight for preservation as well we met with the business communi- pher Burch, for example, divorced were living in Hong Kong in 1997 until the kids are asleep. as build new housing. I’m one who’s ties [on the previously passed bill]. in 2006 and now have competing when Amy started a limited line Mr. Goldberg started working actually done it, in Riverside Center, We met with every business that brands, and Rory and Elie Tahari with two dress styles, a skirt and a with Lisa in 2000 when she had a with Extell Development Co. It has wanted to meet us. If there’s any split in 2010. Designers admit it pair of pants. She spent $12,000 on marketing and sales company close to 500 units. change, then that process can be a challenge to relinquish an initial production run and held a called Simply Chic that helped WHERE should take place. control when their husbands come shopping party for expats. The build brands like Uggs and Juicy How will you make a aboard, but that ultimately having evening netted $10,000 in sales, Couture. He had been working for difference despite the limited THEY You only really started your someone trusted on their side is and Ms. Smilovic started getting About.com, and the dot-com in- powers of the office? DINED borough-president campaign more important. calls from upscale boutiques in the dustry was beginning to implode. You are a part of the Uni- GOOD ENOUGH in the late spring. How did When the Nakioses met in U.S. With orders from 13 stores, After Juicy Couture was sold to Liz form Land Use Review TO EAT you still win? 2000, Ms. Nakios had already including Neiman Marcus, and no Claiborne in 2006, Mr. Goldberg Procedure; you are very 520 Columbus I did get a late start be- started her fledgling clothing line, distribution center, Ms. Smilovic much a part of land use Ave. cause I wanted to pass persuaded his wife to start her own (212) 496-0163 Lilla P. She had a keen design sent a cargo container with 4,000 label. Now Minnie Rose is sold in and zoning. And we’re www.good paid sick days, and I didn’t sense and a small line of casual ba- dresses in it to her parents’ living more than 800 specialty stores. working with all the other enoughtoeat.com want to complicate it or sics that women were snapping up, room in Georgia, and her mother borough presidents, and politicize it. I think what Angelic partner AMBIENCE: Diner but no business plan. started handling the orders. the mayor,who is interest- with long lines to helped is that we have a Mr. Nakios, a real estate invest- By 2000, Ms. Smilovic was In the Goldbergs’ case, Lisa is ed in affordable housing. get in at all hours great community on the still the boss.She is president of the West Side who vote in ment manager, persuaded his wife pregnant with their first son, and WHAT THEY ATE: to let him handle operations and the couple wanted to move closer to company, and Scott is vice presi- You’re known for having a Ⅲ Omelet with great numbers.I think I’ve worked 90 hours a week at both their families. Mr. Smilovic, who dent of public relations and mar- huge number of interns. How sausage and been responsive with my jobs. By 2006, Lilla P was making by then was running Gateway keting. But the arrangement works did that come about? mushrooms staff, and people feel that enough money for Mr. Nakios to Computers in Asia,decided to help well for the couple. It went all the way through Ⅲ Omelet with we’ve been responsive. I quit his full-time position and take his wife grow Tibi. “He is always there for me and every job I’ve ever had in baked ham and ran into people from all Vermont sharp over finance, operations and pro- “In the beginning, when we supporting me and listening to government—mayor’s of- white cheddar over the city who have duction for the label. Now the line were a small company, there was me,” Ms. Goldberg said. “He’s my fice, public advocate. I known me since the Ⅲ Coffee, iced is sold in more than 1,000 special- tension because he was trying to rock and my guardian angel.” reach out to the colleges, coffee 1970s. You add up all the Nanette Lepore’s husband is an the grad schools, the high interns I’ve had, they all angel as well.The couple,who were schools, the middle PRICE: $34.85, have their families; if you introduced by Nanette’s father in schools. We usually have including tip add up all the classes I’ve ALL IN THE FAMILY their hometown of Youngstown, around 40, 45 interns per taught for 25 years. I can- IT’S NOT JUST couples’ partnerships that come with a dose of Ohio, moved to New York so she semester. Way more than any other not thank the people enough, and tension. Mothers, uncles and cousins raise hackles, too. could go to the Fashion Institute of office. they’ve been so gracious. Now the Fashion designer Zac Posen (right) worked with his Technology.Mr. Savage, who has a question is getting something done, mother, Susan, a former mergers-and-acquisitions attorney. master’s in painting, helped Ms. How will you be different from your because in a year, they may not be. She was chief executive of his label, but she resigned in Lepore start her own line in 1990 predecessor, Scott Stringer? 2009 to make way for a more seasoned professional, and worked as a waiter at Ben Ben- He did a great job—reports on the You said earlier that you almost never eat lunch out. Susan Davidson, chief executive of Scoop NYC. Ms. Posen son’s Steakhouse for years until the Housing Authority, post-Sandy stayed on as chairman of the board. company took off so they could ideas. That was a very high bar in I have taken my interns out for lunch have health insurance. terms of his reports.I’m also interest- and my staff out for dinner.But I very Tibi founder Amy Smilovic’s mother built and runs the The couple started the business ed in the food issue, interested in seldom go out to lunch.We either eat company’s warehouse and distribution operations out of Amy’s with a $5,000 loan and built it slow- mom-and-pop stores.One of the as- at our desks, or we go to an event hometown in Georgia. But when her husband, Frank, stepped in ly. They now have 100 employees pects I’m really excited about is where there’s lunch. I think maybe as CEO, the position reported directly to him. and $95 million in annual revenue. working with the other borough once or twice I’ve had lunch out. I “A mother-in-law reporting to a husband is bad,” Amy said. Ms. Lepore believes the busi- presidents. I know them all. And can’t even remember. Ⅲ “I’m not going to have my husband hounding my mom about ness has helped keep them togeth- deliveries at the warehouse while she’s cooking Christmas er.“We didn’t have time to fixate on dinner.” each other because were so busy, WHO KNEW? Ms. Brewer helped Good Enough Frank downplayed any tension, but he did admit, “It’s hard and when we came home we could when you have family in the business because we run it as a business.” both relate to what we were going to Eat’s owner, a constituent, resolve a dispute Now Amy’s mother reports to her. —MIRIAM KREININ SOUCCAR through,” she said. “It kept our with the restaurant’s previous landlord.

newscom marriage stronger.” Ⅲ

34 | Crain’s New York Business | December 9, 2013 20131209-NEWS--0035-NAT-CCI-CN_-- 12/6/2013 6:36 PM Page 1

OUT AND SNAPS Gala raises funds for global press freedom ABOUT by Ali Elkin and Theresa Agovino

CULTURE FIX CAREER BUILDER WEDNESDAY, TUESDAY, DECEMBER 10 DECEMBER 11, NADAP, a nonprofit focused on THROUGH SUNDAY, employment, will host a HEALTHCARE APRIL 6 REFORM INFORMATIONAL BREAKFAST The Metropolitan from 8:15 a.m. until 10 a.m. at the Museum of Art will TD Bank branch at 2 Wall Street. showcase INK ART, the The event, held in the conference museum’s first major room on the third floor, will discuss exhibition of how health care reform will affect contemporary Chinese art. The exhibition providers and administrators. focuses on artists who have changed Registration is free and available traditional Chinese art forms. The museum online via www.eventbrite.com. is open Sunday through Thursday from 10 josh sailor photography sailor josh WEDNESDAY, DECEMBER 11 nitke/cpj barbara a.m. to 5:30 p.m. and until 9 p.m. on Friday JON STEWART and BASSEM YOUSSEF at the Committee to Protect DEREK JETER, LORRAINE BRACCO and JOE TORRE at the gala for the Joe and Saturday. For more information, visit The Society for Marketing Journalists’ 23rd annual International Press Freedom Awards. The Torre Safe at Home Foundation on Nov. 14. The gala took in about $1 million www.metmuseum.org. Professional Services is hosting the event on Nov. 26 raised $1.65 million. for the nonprofit, which works to end domestic violence. SMPS-NY HOLIDAY PARTY from 6 p.m. SATURDAY, DECEMBER 14 until 9 p.m. The networking event, Pianist Menahem Pressler will celebrate his at the Dorma Showroom, 1040 birthday with THE MASTER PIANIST: Sixth Ave. on the 22nd floor, will PRESSLER AT 90, a performance at Lincoln include a raffle and a toy drive for Center’s Starr Theater in Alice Tully Hall, Toys for Tots.Tickets are $60 for 1941 Broadway. Mr. Pressler will perform members who preregister and $100 three pieces, one by Franz Schubert and for nonmembers who preregister. two by Antonín Dvorák. Tickets start at There is a $10 additional charge at $45 and are available at www.lincoln the door. Registration is available center.org. online at www.smpsny.org.

DON’T MISS BILLY CRYSTAL’S 700 SUNDAYS TUESDAY, DECEMBER 10, THROUGH THURSDAY, JANUARY 2 Billy Crystal’s one-man show, 700 SUNDAYS, returns for a very short run on Broadway.The comedian tells wechsler howard stories about his childhood on Long pollard don ROBERT J. MCGUIRE and MITCHELL E. RUDIN at the Eighth Island, particularly ones about his Gen. DAVID PETRAEUS, LOUISE MIRRER and ROGER HERTOG at the Annual Real Estate and Construction Luncheon to benefit the Police New-York Historical Society gala on Dec. 2. The fete raised $3.1 million. Athletic League. The Nov. 20 event raised $460,000. father. Tickets start at $68 and are available through Telecharge. The show is at the Imperial Theatre, 249 See more of this week’s Snaps online at CrainsNewYork.com/galleries. W. 45th St. For more information, visit www.700sundaysonbroadway.com

OPENING FUNDRAISERS THURSDAY, DECEMBER 12, MONDAY, DECEMBER 9 THROUGH SATURDAY, FEBRUARY 1 Concern Worldwide’s 2013 UPCOMING CRAIN’S EVENTS The Robert Mann Gallery will host CHIP SEEDS OF HOPE ANNUAL AWARDS HOOPER: SURF, a collection of the DINNER this year honors Aer photographer’s work from the past 10 years. Lingus Chief Executive Mr. Hooper takes photographs of seascapes Christoph Mueller. Aer Lingus’ that focus on the texture of the surface of the cabin crew has raised $15 million water. The gallery is at 525 W. 26th St. and is to benefit UNICEF.The event Thursday, January 23, 2014 open Tuesday through Friday from 10 a.m. to begins at 6 p.m. at the Waldorf 6 p.m. and on Saturday from 11 a.m. until 6 Astoria, 301 Park Ave. Individual Crain’s Business of Series Presents: p.m. For more information, visit tickets start at $1,000 and are The Business of Restaurants: www.robertmann.com. available online at www.concern usa.org. How the Eatery Industry Serves New York

TUESDAY, DECEMBER 10 John Jay College of Criminal Justice The UNLOCK CHARITY GALA will 8:30 a.m. - 10:00 a.m. start at 7:30 p.m. at Above Allen at the Thompson LES Hotel, 190 Allen St. The Unlock Foundation supports students whose Tuesday, January 28, 2014 communities lack resources. Crain’s Business Breakfast Forum: Proceeds from the evening will support student governments at Meet New York’s Borough Presidents schools in Namibia and Ghana. The Yale Club of New York City Tickets cost $45 and are available online via www.eventbrite.com. 8:00 a.m. - 9:30 a.m.

MARK YOUR CALENDAR… REGISTER TODAY > crainsnewyork.com/events WEDNESDAY, JANUARY 22, THROUGH SUNDAY, JANUARY 26 DISNEY ON ICE will come to Barclays Center for 100 YEARS OF MAGIC. The show includes more than 60 characters from such popular Disney movies as The Lion King and Finding Nemo. Tickets start at about $30 and are available online via Ticketmaster. For more information, visit www.barclayscenter.com.

December 9, 2013 | Crain’s New York Business | 35 What are you thinking about? We’re thinking about how we can help make your enterprise safer – and smarter.

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