Rethinking School Lunch a Charity That Supports a Long Is- CLASSIFIEDS ______24 Land Children’S Hospital

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INSIDE REPORT EDUCATION TOP STORIES Meet the brains Cultural revolution: steering the billions to There’s a new No.1 be spent on college expansions institution in town ® STORY, PAGE 3; LIST, PAGE 23 PAGE 17

VOL. XXVII, NO. 41 WWW.CRAINSNEWYORK.COM OCTOBER 10-16, 2011 PRICE: $3.00 Tech campus bids shake up race

New plans from Carnegie Mellon, NYU, and Palo Alto. opment Corp. “We’re expecting to Yo, Manhattan, The charge by the local schools get a very robust set of responses.” Columbia give city chance to award 2nd site and Carnegie Mellon, which is NYU is teaming up with more where did all your partnering with a major production than a dozen domestic and interna- gas pumps go? flown under the radar. studio in Brooklyn, opens the door tional partners in higher education BY DANIEL MASSEY But now three institutions— for Mayor Michael Bloomberg to and business to propose an interdis- PAGE 2 New York University, Columbia possibly select two winners. ciplinary campus in downtown While Cornell and Stanford uni- University and Carnegie Mellon “We’re extremely encouraged by Brooklyn. It would seek to capital- MTV. AOL. Clear versities have painted the town red University—are unveiling details of the level of enthusiasm that has See NEW BIDS on Page 29 Channel. It’s Act 3 to advance their proposals to build prospective campuses at other sites been demonstrated so far by both a $1 billion tech campus on Roo- around the city,adding a twist to an local universities and nonlocal uni- THE OTHER TECH SITE Nancy for Bob Pittman sevelt Island,other prospective bid- ongoing dogfight between the en- versities,” said Seth Pinsky, presi- Zimpher on SUNY’s big deal Page 11 PAGE 3 ders in the city’s competition have gineering powerhouses from Ithaca dent of the city’s Economic Devel- Baker Hostetler: the law firm that Bernie Madoff built Feds say PAGE 2 hedge fund star made it up Corey Ribotsky’s meteoric rise leaves BUSINESS LIVES a trail of ruined GOTHAM GIGS backers in its wake Pumpkin-art biz grows so fast, it’s scary P. 31 BY AARON ELSTEIN ● ANNE FISHER Sweet success for drinks In the first seven years of the new made with honey P. 31 millennium, Corey Ribotsky rode hedge fund mania to stunning for- ● MOVERS & SHAKERS tune and a conspicuous place in Fast rise from intern to New York philanthropic circles. El Museo chief P. 32 Back in the day, he claimed to ● GAEL GREENE Mexican have been one of Wall Street’s most menu for in crowd P. 34 successful hedge fund managers, generating what he termed in one of his blogs an “unparalleled 12- gettyimages month compound annual return of INDEX 20.68%.” His clients ranged from small investors all the way up to gi- THE INSIDER ______8 ant Merrill Lynch.During his suc- VIEWPOINT ______10 cess,he parlayed his wealth into the REAL ESTATE DEALS PLUS ______12 position of president of the Chil- NEIGHBORHOOD JOURNAL dren’s Medical Fund of New York, ______16 Rethinking school lunch a charity that supports a Long Is- CLASSIFIEDS ______24 land children’s hospital. FOR THE RECORD ______27 But last month, his stunning EXECUTIVE MOVES ______31 rise hit a huge downdraft when the Ed Dept. wants more local produce on kids’ trays THE WEEK AHEAD ______34 Securities and Exchange Com-

THE WEEK ON THE WEB ______35 mission sued him for fraud. In its ness in Greenpoint. See HEDGE FUNDS on Page 29 BY LISA FICKENSCHER Developing a processing operation more than 60 miles from Dagele Brothers Produce may appear im- Frank Dagele, a produce grower in Florida, N.Y., took practical, but Mr. Dagele has his eyes on a big prize. a whirlwind tour this summer of industrial buildings Within the next several months, the city’s Depart- in Brooklyn. ment of Education will issue a request for proposals for His quest for the perfect space to wash and pack- its food distribution contracts.The current ones,worth ELECTRONIC EDITION age romaine lettuce from his 500-acre farm led him to about $142 million, expire next August. Local farmers a former Pfizer facility in Bedford-Stuyvesant; a va- hope that after many years of trying to get a piece of cant,100,000-square-foot building in East Williams- that business, the time is now right. NEWSPAPER burg; and the headquarters of a struggling small busi- See PUSH FOR LOCAL PRODUCE on Page 28 20111010-NEWS--0002,0003-NAT-CCI-CN_-- 10/7/2011 8:37 PM Page 1

IN BRIEF

OVERSEAS BUYERS ACCOUNT FOR ONE-THIRD OF CONDO PURCHASES AND 15% OF ALL residential purchases in the city, according to a study by residential brokerage Stribling & Associates. During the peak of the market in 2007, foreign buyers accounted for as much as 30% of total purchases, said Stribling.The biggest overseas buyers today hail from Russia, China, Brazil and Argentina. Back in the early years of the new millennium, the top foreign buyers were Europeans, with the Irish leading the charge in New York. A 4,000-PASSENGER SHIP, THE NORWEGIAN BREAKAWAY, WILL SOON BE CALLING NEW York City home, now that owner Norwegian Cruise Lines has struck a two-year deal with the city.The ship, which is being built in Germany and will weigh in at 144,000 gross VANISHING BREED: tons, will be the largest ship to call New York its The Gulf station on home port when it arrives in May 2013.The East First Street and vessel, which will replace 2,400-passenger Second Avenue. Norwegian Star, is expected to make a minimum of 44 trips a year out of the city. It

represents a coup for New York, which has been buck ennis aggressively courting the cruise industry in order to help boost tourism. MEMORIAL SLOAN-KETTERING CANCER With its gas stations closing, CENTER’S PROPOSAL TO BUILD A $142 MILLION outpatient cancer center in Westchester County was approved by state officials last week, despite strong opposition from local hospitals.The Manhattan’s running on empty state said that there are enough cancer patients for all providers, based on Department of Health projections that show an increase in Lines of cars get longer driver who usually stops at the Gulf station tourists rely on them for transportation. population and in the incidence of cancer in to fill his tank. “It’s hard to find anything Some blame the lure of lucrative profits Westchester. Ⅲ as sell-offs take toll on near midtown. I switch shifts in this area, from real estate in midtown.Others say the island’s refueling stops and this is the only place that’s close.” ever-higher cost of delivering gasoline to Gas stations are nearly facing extinction inner Manhattan makes periphery loca- BY THE NUMBERS in Manhattan after years of sell-offs and tions more practical. BY BRIAN CHAPPATTA closures.Just last month,the Lukoil station “It’s just a sign of the times,” said Faith on West 13th Street and Eighth Avenue Hope Consolo, chairman of retail leasing at Weekly shift of the city’s economy It’s 4:30 p.m., and every employee at the shut its mini-market doors and plugged its Prudential Douglas Elliman.“Selling off gas BETTER THAN NOTHING The signs were weak, Gulf gas station on East First Street and pumps. That leaves a mere 41 stations on stations accelerated at the height of the mar- but many were positive. Data for jobs, both auto Second Avenue rushes outside to man the the island, versus 58 two years ago, accord- ket before the downturn, and now it’s pick- and retail sales, and manufacturing all rose. pumps. Like clockwork, hundreds of cabs ing to the Department of Consumer Af- ing up again.As money gets freed up and de- come rolling in for refueling,as drivers pre- fairs. The city’s five boroughs host 835 lo- velopment moves forward, once again we’ll pare to switch shifts. cations in all—meaning Manhattan’s share see some of those sites being bid on.” 141% $340M 223,000 On this day, the line of yellow taxis ex- is less than 5%. ExxonMobil shut its location at 1132 RISE in weekend VALUE of the NUMBER of tends a block to East Second Street. “This The dearth of refueling options pushes York Ave. in January, part of a 55-site sell- L train ridership New York South Koreans is actually a short line—it can go up to up prices and forces taxis out of midtown off in Manhattan, Brooklyn and Queens. since 1998 Yankees’ name who visited Fourth or Fifth street,” said Moe Ali, a cab and downtown, where both workers and See IT’S A GAS on Page 4 Source: New York Source: Forbes New York City City Transit in 2010 Source: NYC & Company

BAD BOUNCE The residential vacancy rate in Manhattan had been on a steady downward path until the past How Baker Hostetler’s NYC law o couple of months, when it began to rise again. 1.50% for another $44 million in rience and exposure upon 1.25% Firm works to channel fees for the four months of which they are already 1.00% work ended May 31. building. 1.00% experience, soaring fees and attorney count to “The opportunity to “This is the largest and 0.75% take a lead role in the most complex case any firm Madoff matter is extra- has ever handled,” said 2011 bring in new projects 0.50% ordinary for a law firm,” George Stamboulidis, J F M A M J J A said John Niehoff, a part- managing partner of Baker BY AMANDA FUNG ner at Baker Tilly Virchow Bernie Madoff Hostetler’s New York of- Source: CitiHabitats Krause, an accounting and bloomberg news fice. ADDICTED TO NUMBERS? A recent ruling by a federal judge may ul- consulting firm for the le- Steering the growth of GET A DAILY DOSE AT @STATSANDTHECITY timately slash $5 billion off the amount of gal industry. ‘This is the the staff here has been an money that Bernie Madoff trustee Irving most complex intense learning experi- CORRECTION Picard can claw back for the mega-fraud- Bernie bucks ence, as the firm’s leader- ster’s victims.The decision was a major set- The case has trans- ship has tried to stay ahead Paul Trager was promoted to chief financial officer at MKTG INC. back for Mr. Madoff ’s erstwhile clients formed Baker Hostetler. case any firm of the mounting demands His title was misstated in an Oct. 3 “Executive Moves” item. and Mr.Picard’s cases going forward—but But the firm’s attorneys has handled’ for space, staff and com- vol. xxvii, no. 41, october 10, 2011—Crain’s New York Business (issn don’t worry about his firm. will have to plan carefully puting power. 8756-789x) is published weekly, except for double issues the weeks of July Fourth, Labor Day and Christmas, by Crain Communications Nearly three years after Mr.Madoff was to make the transition af- Most of the firm’s Mad- Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid at arrested, one clear winner in the biggest ter the inevitable end of off-related work is done New York, N.Y., and additional mailing offices. Postmaster: Send Ponzi scheme in history is the New York the record-setting legal out of the New York office, address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber serv- office of Cleveland-based Baker Hostetler, windfall. The firm’s part- located at 45 Rockefeller ice: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one which has ballooned from 68 lawyers when ners say that they’re well-aware of the dan- Center. Since moving there in 2007, the year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2011 by Crain Communications Inc. the case began to 165 today while the firm gers and are determined to skirt them. firm has grown so fast that the office’s sole All rights reserved. has taken in $179 million in Madoff-relat- They point out that their big case has yield- conference room, up on the ninth floor, is ed fees. At the end of last month, it put in ed not only cash, but also invaluable expe- often booked up days in advance.

2 | Crain’s New York Business | October 10, 2011 w

buck ennis 20111010-NEWS--0002,0003-NAT-CCI-CN_-- 10/7/20118:37PMPage2 fiei aigamn f Madoff off mint a making is office Pittman Clear Channel Media Holdings,where hewasnamedchief Clear ChannelMediaHoldings,where operatormaybejustwhat’sbottom-line-driven neededat innovation of by record heartened Observers salesaschief approach toadvertising take-no-prisoners where witha hedrove price upthestock figure atAOL, wasfarfrom abeloved Pittman Robert By someaccounts, BY MATTHEW FLAMM new chiefofradioempire Dials fordigitaldollarsas controls at back is operator atatimewhen thein- operator egy. ofdigital strat- put himincharge positionthat anew properties, man ofmediaandentertainment Clear Channelayearagoaschair- joined 1980s, intheearly MTV helpedcreate tan-based exec,who Manhat- executive lastweek.The Hard tobelieve Hard ican Lawyer to law firms,according by anyofthenation’s 100largest ing thethird-highestgainlogged level—represent- the year-earlier year.That figure wasup17%from last totaled$386million which 95-year-old firm’s gross revenues, Ave. in subletspaceat666Fifth there three were lawyers only ago, when itopenedjustover adecade that It’s hardtobelieve lawyers. office toaccommodate190 square feet. 166,000 toroughly property atthe itstotalfootprint bring Thatwill in2012. five floors, spread over feet inthebuilding, will takeanother44,000square biggest advances havegrown out etksoe h o 1radio He takesover theNo. The growth ismirrored inthe allow spacewill the The new thefirm To easethecrunch, ruby BakerHostetler’s Arguably, . The Amer- showman andboundary-pushing, numbers didn’t addup. as asmooth-talkinghustlerwhose WarnerTime sawtheonetimeDJ theoldguardat disastrous merger, In Rush to According Warner. Time operating officerinthelate1990s. u r Pittman’s skillsasa But Mr. wasn’tHe certainly a hit atAOL Thomas H. Lee Partners in2008 Lee Thomas H. buyout byBainCapitaland sincealeveraged cutting ever byconstantcost- demoralized also hastomanageacompany He else’s. everyone share dwarfs market whoseInternet Pandora, tion from onlinepioneerslike ing market andintensecompeti- advertis- facesalackluster dustry fill in excess fill would it ed out, were print- tronic data the elec- all if lined up; sheets were ofthe if all 5,000 miles more than tend for per toex- enough pa- generated has the case Wilpon. ing Metsowner Fred other parties,includ- as wellbanksand Madoff toMr. money lawsuits againstfundsthatfed andmorecountries than1,000 investigationsin20 involves that of itsneedtomanageacase Nina Munk’s bookonthe , To date, case would boost his firm’s rep. hisfirm’s case wouldboost MADOFF TRUSTEE newscom Fools Irving Picard knew that the Irving Picardknewthat

ap photos ffudrLwyMy,stepped Mays, of founderLowry son sinceMark Mays, CEO ever Channel hadbeenwithouta Clear didn’t comeasasurprise; in debt. itwithabout$20billion saddled observers as the best news the asthebestnews observers greetednouncement wasstill by Butthean- down inMarch. which will faroutlasttheMadoff will which computersystem, of-the-art Hostetler hasbuiltitsown state- Baker To allow forthat, mation. andshare theinfor- all track age, mustin thefirm beabletoman- Hundreds ofattorneys cabinets. filing four-drawer of 5million case. r Pittman’s appointment Mr. strength in other practice “The case hasgivenus case “The ra, saidDavidShee- areas,” a,chiefcounseltothe han, Madoff trustee anda Madoff trustee Baker Hostetler ate.“When partner. the case winds the case to support and to support Madoff clients we builtfor platform etary use thepropri- wewill down, clients.” other service The firm is The firm which couldallowwhich himtofindthe ofinnovation, also hasahistory buthe core businesssuccessfully, tomanagethe expertise erational he’s because Pittman gottheop- company hashadinyears. adFeeikMrn ananalyst said Frederick Moran, growth opportunity,”next new Merrill Lynch’sMerrill com- corporate of Justicetomonitor partment Baker wastappedbytheU.S.De- IntheEnron case, Lauren. Ralph against designer infringement Association’s oftrademark case Polo pushedtheU.S. cessfully Itsuc- predatingcases Madoff. hand inlotsofotherprominent work forBakerHostetler. hasdone which hauser Group, Zeug- founder oflawconsultancy saidPeter Zeughauser, the firm,” byMadoffinotherareas of ated amountofincomegener- nary well ininvestingtheextraordi- prove ofitsstrategy. forothercases. its system New York and touseitsexpertise teamin andtechnology covery Baker Hostetlercreated ane-dis- InJune, not wastinganytime. “You haveconfidenceinBob But in fact, the firm hashada thefirm But infact, hasexecuted thefirm far, “So ap- outsideobservers Several e ITA onPage 7 See PITTMAN e IIGonPage7 See LIVING smarts. operational showman with viewed asa Pittman is CEO Robert Channel Clear TALKER: SMOOTH cultural new No.1 Met Opera center Breakdown musical, Most groupslogdeclines Hammerstein’s of thesuccessitsrevivalRodgersand inexpensessince2008,courtesy rise million onthestrength ofa$19 place from 24th, Itjumpedto17th Lincoln Center Theater. placed thirdintermsofoperatingexpenses. also visitors.It almost 18million draw,with was thecity’s biggest York Library Public TheNew Queens. and in Brooklyn systems run separately the including systems, are thecity’s library the hands-down winners however, dance, three libraries. followed byeightmuseums and top 30, with13ofthemmaking the the rankings, with operatingexpensesof$19.7million. last onthelistof30isBigAppleCircus, contrast,ranking No.9.In Library,at Public totheBrooklyn 4, atNo. Performing Arts, They rangefrom LincolnCenterforthe boast budgetsofmore than$100million. to$267.2million. cline, the MetMuseumloggeda$38millionde- yearinwhich Met Opera’s budgetin2010,a increaseis a$24million from 2008inthe institutions(seelistonPagecultural 23). ofNew annual ranking York City’s largest accordingto $289.8 million, expenses. ofoperating interms the largestincity Metropolitan MuseumofArt,as leader,the Association hasdisplacedthelongtime TheMetropolitan Opera topdog. a new New York City’s culturalinstitutionshave BY REBECCAOLLES budget operating highest as institutionwith Displaces MetMuseum in 2010, its highest level since 2001. itshighestlevel in 2010, attendancehit5.2million costs, operating despite thecutin Ironically, from thecity. age tolower donationsandreduced support itsshrink- attributed which Met Museum, ofNew York.“It’sSociety aboutresilience.” president oftheMunicipalArt Coates,vice saidAnne wanttostayopen,” they because ofthemarkets. courtesy since 2008, byatotal of$1.1billion shrink and reserves haveseentheirendowmentsganizations or- city-based group,183 advocacy Arts,an forthe publishedbytheAlliance to areport According expensesin2010. in operating more thanhalfoftheinstitutionssawdrops Slightly yearshavebeenchallenging. few October The biggestgaineronthisyear’s listis ofatten- In terms Performing institutionsdominated arts nineinstitutionsonthisyear’sOnly list Behind theswitchatheadoflist The MetOpera’s 2010expensestotaled Biggest among those cutting back wasthe Biggest amongthosecuttingback “Groups [andcutback] were prudent thepast For institutions, mostcultural 10, 2011 2011 10, oe nteVreo aNervous Women onthe Verge of . South Pacific | Crain’s New York Business expenses operating Opera’s RISE $24M TUNING UP and anoriginal Crain’s in Met second Ⅲ | 3 20111010-NEWS--0004-NAT-CCI-CN_-- 10/7/2011 8:40 PM Page 1

Manhattan has the worst prices rents range from $3,205 to $6,830 a of all, moans Cliff Adler, who has month for tenants looking to move It’s a gas driven taxis for 37 years. If he makes in, beginning in January. a trip to Newark’s airport,he’ll always “Gas stations really offer a very IN THE MARKETS Continued from Page 2 refill his tank with gas that’s around clean platform and just make so Now, just 11 stations stand south of 50 cents a gallon cheaper.“There are much sense,” Ms. Consolo said. Aaron Elstein 96th Street. Seven of those are gas certain places you know are definite- “You don’t have to empty tenants by stations on 10th and 11th avenues. ly cheaper,”he said,“and almost any- out of a building. You don’t have to East Houston Street offers some- where is cheaper than Manhattan.” buy people out. You just have to ac- thing of a hub for drivers to refuel. As more stations close, the re- quire the land.” The Mobil on East Second Street maining few should become more Clean may not be the word that and Avenue C charges as much as profitable.The average gross margin first springs to mind to describe a gas 15% more per gallon than the New for a gallon of gasoline in the U.S. station site, which is usually regard- York state average. The aforemen- was 12 cents in 2010, with volume ed as contaminated.But cleanups are tioned Gulf and the BP on Houston per station between 500,000 and 2 seen as less of a problem these days, and Lafayette streets charge less than million gallons a year, reports NPN. thanks to improved technology and the Mobil; both are owned by Kalish Profits per gallon in Manhattan city oversight. Remediating the area and Kerner Petroleum. are “a bit higher” than the national around underground gas tanks can “My stations are doing better average, Mr. Kalish said, declining take as few as three days in the city, than ever,” said co-owner Harris to specify his stations’ gas sales. with costs totaling around $500,000, Kalish, whose company also owns a Yet even as gas prices soar and according to Mr. Kalish. Gulf station on East 23rd Street and the FDR Drive. “Volume has never Thinking of selling been higher, because all these sta- ‘Anywhere is Mr. Kalish, 64, who’s been in the tions keep closing. Every year, one business 40 years,says his remaining or two stations close, and I’m sure it cheaper than stations’ time is almost up. The BP will happen again next year.” Manhattan’ will last perhaps three or four years, he guesses, and his ever-crowded photos: bloomberg news Fueling higher prices Gulf location likely won’t survive It’s a national phenomenon, ac- the decade. cording to data from National Petro- All this may mean little to the Preoccupy Wall Street leum News. More than 3,300 loca- millions of people who use the city’s ast week, senior JPMorgan Chase executive Heidi Miller tions closed nationwide last year, competition dwindles, stations here mass transit services each year. It including 300 in New York. Only can’t profit on large corner lots like means plenty, however, to the driv- Lbecame the first bona fide banker to publicly discuss Kansas, South Carolina and Texas real estate developers can. On ers of New York’s 13,000-plus taxis the Occupy Wall Street demonstrations. experienced more closings. Broadway and Houston, a former and their many passengers. “This is a level of pain we can’t and shouldn’t ignore,” Ms. With fewer options to refuel, station that Mr. Kalish sold in the “The traffic patterns around sta- Miller said, speaking at the Most Powerful Women in drivers throughout New York face early 1980s eventually morphed tions that are still open are becom- higher prices for gas.The state is fifth into a freestanding Adidas store ing outrageous,” said Ethan Gerber, Banking gala sponsored by American Banker, according to a priciest in the nation,at $3.718 a gal- with corporate offices above it. executive director of the Greater reporter for the trade publication who tweeted her remarks. lon, according to the American Au- More recently, on West 23rd New York Taxi Association.“I’ve no Ms. Miller, JPMorgan Chase’s head of international tomobile Association. The New Street and 10th Avenue, Sam Zell’s idea why stations are closing. I only York City metro average tops the Equity Residential snapped up the know the impact on our drivers. It’s operations, is stepping down next year, and that may explain statewide figure by 11 cents—and site of a former gas station and built two issues: the rising prices of gas her willingness to acknowledge the protesters, whose anti- the cost of gas has surged by more a 13-story apartment house that cost and the lower volume of gas stations. Wall Street message has captivated much of the nation. In any than 90 cents a gallon from a year ago. $30 million to construct.Apartment Unfortunately, they fit together.” Ⅲ case, her understanding comments were made miles from the demonstrations downtown, in the haute bourgeois confines of the Waldorf Astoria hotel. Down in Zuccotti Park, the demonstrations have certainly succeeded in making life uncomfortable for the many folks within earshot who work in finance. In fact, the building overlooking the park, 1 Liberty Plaza, is chock-full of Wall

Street folks looking down on the The biggest problem, according demonstrators (in every sense of the to Ms. Kweskin, is that security has term). The building’s tenants in- grown so vigorous in the past week clude the Nasdaq Stock Market, the that employees must show their IDs capital markets division of Royal just to get coffee at the Starbucks in- Bank of Canada, corporate law firm side the building. After securing Cleary Gottlieb Steen & Hamilton and— their Frappuccinos, she said, Em- are you ready for this, occupiers?— pire Blue employees like to explore Goldman Sachs. the crowd outside and report back to Nasdaq and RBC didn’t return colleagues. “You’ll hear things like, calls asking if the demonstrators ‘Remember that woman from yes- were distracting employees at their terday? She was out in her under- desks or forcing the rank-and-file to wear again.’ ” take a different entrance into their Ms. Kweskin added that banker building. Cleary Gottlieb wouldn’t types from the building who deign comment. Goldman Sachs an- to get close to the protesters tend to swered, “We don’t comment on the offer career advice of the “Get a job!” demonstrators.” variety. She felt a little discouraged Fortunately, Sally Kweskin, public that the protesters calling for eco- relations director at health insurance nomic justice, among other things, company Empire Blue Cross Blue Shield, seemed so alien to so many young was happy to talk about the protest- men decked out in pinstriped suits. ers. Her employer’s offices on the “Honestly,” she said of the boy- 13th and 14th floors offer terrific ish bankers, “they’ve become just views of all the happenings below. like their parents.” Ⅲ 6,912% INCREASE IN APPLE’S SHARE PRICE since the late Steve Jobs rejoined the company in 1997. The S&P 500 rose 58% in the same period.

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Artist turns on water works rooklyn artist Ran Ortner can hardly keep Bup with the demand for his signature ocean paintings since Chef Eric Ripert bought one and displayed it last month in his acclaimed restaurant, Le Bernardin. ¶ Deep Water No. 1 is the central piece of artwork in Mr. Ripert’s recently renovated restaurant—and now the chef ’s wealthy customers are becoming Mr. Ortner’s. ¶ “Every morning, I get emails from someone who has eaten there,” said Mr. Ortner. “It’s insane.” ¶ A highlight for the painter came 10 days ago, when a member of his favorite rock band, Pink Floyd, visited his Dumbo studio. After having dined at Le Bernardin, singer/guitarist Roger Waters is purchasing two paintings from the artist. ¶ Mr. Ortner—who in 2009 won the prestigious ArtPrize, an international award decided by public vote—said he has commissioned work lined up for at least the next two years. His paintings sell for between $50,000 and $500,000.Those are life-changing sums for the artist, who just three years ago had to borrow $70 to pay a phone bill. —lisa fickenscher

Stroke, stroke: From hard knocks business affairs at MLB—and an Union Boathouse to best-seller? executive producer on Brad Pitt’s new movie, Moneyball—will What a difference a contract Now that Amanda Knox is back become the performing arts makes. home in Seattle after having her center’s first chief media and The union that orchestrated a homicide conviction overturned, digital officer, effective Oct. 11. noisy 44-day strike at the Central she just has to face the media Her job is to build relationships Park Boathouse, telling customers spotlight. Last week, hours after with digital partners; explore new and passersby not to eat there and her release from an Italian prison, opportunities with television, trashing its reputation, is now agents and editors were in a near radio and social platforms; and making nice. frenzy to get the inside track on a help sign corporate funders for book deal. “Every agent claims to Lincoln Center’s digital activities. have her,” said an editor at one of “Lincoln Center is becoming a the major New York houses. 24/7 destination, and we are “None does yet.” working to ensure that patrons Interest has been fueled by the and visitors have access to ... [its] notoriety surrounding her case, content whenever they want it,” and by the fact that her family has said Reynold Levy, president of said that Ms. Knox, who kept a Lincoln Center. “Elizabeth brings diary of her ordeal, would likely a breadth of experience that will want to write a book.The family be of enormous help in reaching could also use the money, having new audiences.” spent a fortune battling her Though Ms. Scott has been With the long-standing labor conviction for the 2007 murder of immersed in America’s favorite dispute finally settled, the Hotel her roommate, Meredith Kercher. pastime for the past eight years, and Motel Trades Council has Undoubtedly, the former she is no stranger to the arts. She taken out advertisements in local college student has a dramatic has worked as an opera and choral newspapers and on news, food and story to tell. “[The book] would be conductor and has served on an event websites encouraging readers about her four years in jail and her advisory committee to the Lincoln to “come on over” to the Central fight for freedom,” said a Center board since 2007. Park eatery.The online ads link to prominent agent, who was —miriam kreinin souccar a union Web page that details the nonetheless leery of a project that raises and health benefits included would involve a tragic murder. in the new four-year contract Others in the industry see a reached with Boathouse operator classic story of a junior year Dean Poll last month. abroad gone horribly wrong. Said The union site claims there is another agent, “This is the “a spirit of friendship and Midnight Express of our era.” cooperation, with Dean Poll and —matthew flamm Boathouse management, to make the restaurant a success once again.” Lincoln Center Just a couple of weeks ago, scores with hire a “Dump Dean” campaign accused the restaurateur of Lincoln Center has snagged a retaliating against and firing heavy hitter from Major League workers, and urged his landlord, Baseball to develop its media and the Parks Department, to get rid digital strategy. of him. Elizabeth Scott, former vice —daniel massey president of programming and

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Other analysts say the company board that AOL’s ad revenue would has ways it can raise money when its grow nearly fourfold, to $7 billion, Pittman back and already rockin’ debts mature.Mr.Pittman,who de- within five years of the merger—a clined to be inter- growth curve others Continued from Page 3 than 4% of radio listening overall,but ures are tiny compared with Clear viewed, is bullish on considered far- with The Benchmark Co. its growth is expected to skyrocket in Channel’s. The radio and outdoor Clear Channel, and Digital is a fetched long before ad Mr. Pittman, who will oversee coming years as broadband access giant had $1.6 billion in revenue in has even invested $5 sales collapsed two the San Antonio,Texas-based com- moves into cars. And Pandora has the second quarter,up 8% over a year million of his own small but years later, in 2002. pany from New York, has gotten off staked out a leadership position that ago. (Heavy interest payments money. But it’s Mr. to a running start. Over the past could be hard to overturn,with a 60% caused it to post a $53 million loss.) fast-growing Pittman’s job to think year, he has raised Clear Channel’s share of the Internet radio audience, With tepid growth in radio ad- A believer big and figure out a so- visibility with advertisers through compared with Clear Channel’s 9%, vertising, Mr. Pittman needs every He recently told competitor lution to the digital cheerleading speeches at industry according to Triton Media. new dollar he can find. the website Seeking puzzle that has conferences that talked up radio’s Pandora is also growing advertis- “In an environment like this, it’s Alpha that he be- stumped pretty much marketing power. ing sales at a rapid clip.In fiscal 2012, going to be a challenge to get past lieves the company is all of traditional me- He also moved quickly to make it’s expected to have around $270 2014,” said Scott Van den Bosch, a worth more than its dia. Clear Channel a stronger contender million in total revenue, roughly senior analyst at Moody’s,referring to debt and current equity, and that he “Radio is still in the early days of in Internet radio, overseeing the re- double its fiscal 2011 number. the more than $3 billion in debt that sees “really nice new growth vehi- this transition,” said Mike McGuire, launch of its iHeartRadio digital Some analysts question Pando- comes due that year. Clear Channel’s cles” in digital and national ad sales. a research vice president at Gartner. media player last month.The rollout ra’s long-term viability, and its fig- debt has a Caa2, or junk, rating. He also told the Time Warner “Doing nothing isn’t an option.” Ⅲ of the revamped streaming service, which includes a Pandora-like cus- tom playlist feature,was capped by a two-day concert in Las Vegas that was billed as the biggest ever pro- duced for radio. Formidable assets At the same time, the ever-competitive Mr. Pittman has continued to cast doubt on the Pandora model, telling a recent radio conference, “You can’t bond to a jukebox.” Some industry experts believe that Clear Channel’s assets—which include 850 stations across the country—could give it an enormous edge over digital competitors. “In theory, with their network of stations, they could have millions of Internet listeners instantaneously and catch up to Pandora,” said Michael Hayes, president of digital communications at media buying agency Initiative. “So far, they haven’t been all that successful.” Internet radio accounts for less Living off Madoff

Continued from Page 3 pliance activity. Separately, the firm was later charged with monitoring Bank of New York. But,of course,there are cases and then there are cases of the magni- tude of the Madoff debacle,with the amount of intensive labor it requires. “It’s highly unlikely that they will be able to replace the work immediately once the Madoff case ends,” said Mr. Niehoff of Baker Tilly. That’s where Baker Hostetler partners say that another big plus as- sociated with their monster case comes into play:It has put a relatively unknown law firm on the map. Two years ago, Mr. Picard himself told The Wall Street Journal that the case is “something that will be good for the firm’s reputation.” His partners maintain that it has already enhanced their ability to attract clients as well as lawyers. Most recently, Baker Hostetler hired a new partner in its intellectual property practice and made offers to two other lawyers. “People are now discovering us,” said Mr. Stamboulidis. Ⅲ

LISTEN to a discussion at CrainsNewYork.com/podcasts

October 10, 2011 | Crain’s New York Business | 7 20111010-NEWS--0008-NAT-CCI-CN_-- 10/7/2011 6:22 PM Page 1

exempting small projects from wage mandates. “This study has no relevance whatsoever,” said Bronx BLAME GAME Fingering Foye THE INSIDER Borough President Ruben Diaz Jr. AS SPECULATION MOUNTS that Patrick Foye—the deputy The changes to the bill, secretary for economic development for Gov. Andrew by Jeremy Smerd and Shane Dixon Kavanaugh however, did nothing to persuade Cuomo—will succeed Christopher Ward as Port opponents, who argue that raising Authority executive director, insiders are revisiting his the minimum wage to $11.50 an performance as head of the Empire State Development hour at subsidized developments Corp. under Gov. Eliot Spitzer. would kill retail projects before they Not everyone liked what they saw. Mr. Foye’s tenure at reach the drawing board.They the state’s primary economic development agency ended point to the demise last year of a prematurely; he quit days after Mr. Spitzer resigned in rezoning bill needed by a proposed PATRICK FOYE March 2008. Insiders said he struggled to work with real mall at Kingsbridge Armory in the estate developers and the Bloomberg administration to Bronx. lift New York City megaprojects off the ground. “It’s Kingsbridge on a citywide Some who worked with him on projects describe Mr. Foye as indecisive scale,” one real estate insider said of and unable to maneuver adeptly between various political stakeholders— the bill. “Tenants will not sign leases. Without tenants, there is no deficiencies that critics said would be even more glaring if he ran the bistate, development.” multibillion-dollar Port Authority. “He couldn’t advance the ball,” said one insider. “He didn’t know what he was doing.” newscom Taking on Towns Michael Bloomberg Ruben Diaz Jr. Detractors said Mr. Foye took a hands-off approach toward Atlantic Yards Assemblyman Hakeem Jeffries’ and led the state to abandon its expansion plans for the Javits Convention congressional fundraising total will Center, which were deemed too costly. The momentum to build Moynihan become public Oct. 17, a date that Station lost steam under his watch. And after his departure, the city wrested Living-wage war is likely circled on Rep. Edolphus control of Brooklyn Bridge Park and Governors Island from the state. Towns’ calendar. But the initial size The criticism, however, might reflect bitterness at Mr. Foye’s crackdown on of Mr. Jeffries’ war chest won’t the casual distribution of state subsidies. He made accountability standards determine whether the Democrat for grant recipients a top priority. That was a stark change from the Pataki heats up over study runs for Mr.Towns’ Brooklyn seat administration, during which watchdog groups complained that Empire State in 2012; that is already a certainty, Development handed out tax breaks to politically connected projects without upporters of a revised City Council living-wage bill an insider said. enforcing mandates that they create jobs. say Bloomberg administration officials timed their The incumbent has faced only Some observers attributed Mr. Foye’s problems to infighting within the two serious primary challenges in Spitzer administration and the unraveling of the economy, which made release of a study on wage mandates to undermine two decades, but Mr. Jeffries’ financing big projects extremely difficult. Assemblyman Richard Gottfried the legislation, details of which had just been leaked backers consider the congressman called Mr. Foye “one of the smartest and most accessible heads of ESDC I’ve to the press. vulnerable. He is 78, has a depleted ever worked with.” Mr. Foye did not respond to requests for comment. “They’ve been sitting on [the study] for months, and then campaign fund, lost an election for SThe New York Times the Democratic state committee, newscom they read story and quickly added a new saw his daughter finish last in a section on the revised bill,” said a spokesman for the Retail, three-way September Assembly assemblyman, was busted for Treacherous tweet Wholesale and Department Store Union. race, and made little impact as drunken driving shortly after House Oversight Committee joining the Cuomo administration. Alex Zablocki, community relations But other bill supporters said the study ignored the chairman from 2007 through 2010. director at the Department of revisions, which purport to reduce the measure’s impact by His son Darryl Towns, a former Homeless Services, used his Twitter Scaling down handle to lambaste protesters at the scaffold law Zuccotti Park. “Occupy Wall Street?” he tweeted. “Occupy a job Business groups are hopeful that training center—enough with the the climate in Albany is ripe for class warfare.” changing New York’s “scaffold law,” A spokeswoman for his agency which they say makes contractors said, “Alex expressed his own and property owners liable for personal views on his personal nearly all workplace injuries. Twitter account.” Foes of the century-old law But PR consultant George Arzt believe attempts to repeal it have urged caution for government failed because Assembly Speaker employees using social media. Sheldon Silver protects trial lawyers. “They’re going to get burned,” he But with the economy stalling and said. “Then they’re going to learn.” a governor promoting a business- Mr. Zablocki ran on the GOP friendly agenda, that could change. line for public advocate in 2009. Business groups have also switched tactics.The Lawsuit Reform Alliance of New York, the Meeks vows to run Business Council of New York The New York Post reported that State and industry associations are Rep. Gregory Meeks, D-Queens, who seeking reform, rather than repeal, is under investigation, was of the law.They back a bill to make not expected to seek workers responsible when they another term. sustain injuries while they are “Didn’t you hear intoxicated, violating safety that the folks at the standards or committing a criminal Post are great fairy act. tale writers?” Mr. Andrew Friedman, executive Meeks (left) said. “As director for Make the long as the Lord Road New York, which keeps me on assists undocumented this planet, I’m construction workers, running for opposes changing the re-election.” Ⅲ law. “What business is trying to do is escape liability even when they’re breaking the rules,” he said. bloomberg news For daily political and government news, subscribe to CRAIN’S INSIDER @ www.crainsnewyork.com/insider

8 | Crain’s New York Business | October 10, 2011 20111010-NEWS--0009-NAT-CCI-CN_-- 10/7/2011 1:31 PM Page 1

SMALL BUSINESS

LIFE OFF ICE: Former hockey player Ron Andruff co-founded a From sports pros to entrepreneurs Web startup.

lawyer at Davis & Gilbert who spe- building a car-wash chain and back- Yankees’ Mariano Rivera, who have Ex-athletes often cializes in counseling athletes. ing films, he teamed up with Has- partnered with banker Keith need help in making Stars have more money to invest sam Atwi a year ago to test-market Kantrowitz in local restaurants, also than the average owner but more to his turkey burgers on Frites’ N’ take a hands-on approach. Mr. Av- transition, choosing lose when things go awry. “If they Meats, Mr. Atwi’s 2-year-old food ery regularly visits Warren 77, a viable ventures don’t surround themselves with com- truck. The famous forward even TriBeCa eatery he co-owns with petent people, they’re putting their surprised customers with his pres- Mr. Kantrowitz, and gets into de- brand at risk,” said Mr. Olenick. ence behind the counter. tails like reviewing menu changes.

BY STEVE WEINSTEIN Some heroes have competed in “You’ve got to keep yourself busy,” Mr. Rivera was an owner of buck ennis the Big Apple successfully, though. said Mr. Oakley. “I’m just trying all Clubhouse Grill in New Rochelle, fter trading his protec- Charles Oakley, a former Knick, kinds of different avenues. It’s like N.Y., when Mr. Kantrowitz’s group town this month. “He comes in a tive gear for a business has mitigated the risks of entrepre- playing ball: It’s a learning process.” took it over and has been involved in lot,”Mr.Kantrowitz said.“He’s very suit, former pro hockey neurship by diversifying. After The Rangers’ Sean Avery and plans to open a second spot in mid- knowledgeable about business.” Ⅲ star Ron Andruff— who shared several AStanley Cup championships—had to prove himself all over again. Af- ter working in marketing for pro leagues, he started several businesses, including a sports-marketing firm and some Web ventures. “When I was a professional athlete, I got tired of having people telling me where to be, what to do,” Mr.Andruff said.“I wanted to be the arbiter of my own time.” He is now co-head of DotSport, a Manhattan startup that expects to launch a social network for sports fans soon and have it fully functional within a year. Mr.Andruff is just one of the former athletes who choose New York as a venue for a second career. Mag- ic Johnson, for instance, has made a number of investments here, including real estate. Business’ pull on former athletes is strong. Since 2004, the University of Pennsylvania’s Wharton School has offered the Sports Business Ini- tiative, a program that helps players transition out of the game. “They wanted to know how to pick businesses to invest in or run,” said program director Kenneth Shropshire. The Atlanta-based Professional You expect your day-to-day business banking Athlete Franchise Initiative, which to be as simple there... also moves athletes into business by helping them locate the right opportunity, has noted a recent uptick As it is here. in interest. A franchise parallels sports, giving former pros “a team You’re local. And you’re global. with a structured game plan,” said PAFI founder Michael Stone. HSBC Business Direct™ enables you to conduct your business banking anywhere in the world with: 1 Siren song > Fast: 24/7 access to your accounts via Internet and Telephone Banking 2 Sports pros can be drawn into the > Easy: International & Domestic Wire Transfers via Business Internet Banking wrong deals by people approaching > Convenient: International account opening assistance in other countries them for capital in a tough financ- > Plus: No ﬁxed monthly maintenance fee3 ing environment. “Nine out of 10 times, they’re of- Everything you need to support your business worldwide. fered garbage—from rice commodi- ties to gold mining,” said Jason Hill, Start today. founder of Hill Financial,an adviso- Visit: us.hsbc.com/businessdirectinternational ry for athletes and entertainers. Or call: 1.866.909.1243 An extreme case is Lenny Dyk- stra,once an MLB All-Star,reduced to sleeping in his car after losing millions in a vanity project—a sports lifestyle magazine. Accus- tomed to success on the field, some don’t realize how difficult it is to achieve the same thing in business. “A lot of guys get involved with United States persons (including entities) are subject to U.S. taxation on their worldwide income and may be subject to tax and other ﬁling obligations ventures that promise astronomical with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax adviser for more information. returns,” said Steve Olenick, a Issued by HSBC Bank USA, N.A. Member FDIC. ©2011 HSBC Bank USA, N.A. 1Telephone access to account balances and certain transactions 24/7; complete transaction capability from 6:00AM ET to 12:00AM ET. To sign up for Crain’s 2Standard wire transfer and EFT origination fees apply. SMALL BUSINESS newsletter, go to 3Other fees, including account activity fees, may apply. Please refer to the HSBC Business Direct Checking Account Terms & Charges Disclosure. www.crainsnewyork.com/smallbiz ™HSBC Business Direct is a trademark of HSBC Bank plc, used under license by HSBC Bank USA, N.A.

October 10, 2011 | Crain’s New York Business | 9 20111010-NEWS--0010-NAT-CCI-CN_-- 10/7/2011 1:03 PM Page 1

VIEWPOINT St.Vinnie’s:Merits trump moaning editor in chief Rance Crain publisher, vp Jill R. Kaplan uilding in New York City is notoriously opponents object to the size of the project and the shadows it EDITORIAL expensive and difficult, especially when a will cast.They weren’t very impressed that the notoriously editor Xana Antunes managing editor Glenn Coleman zoning change is required. Such projects demanding Landmarks Preservation Commission has deputy managing editors Valerie Block, trigger a seven-month review procedure in approved the plans for the reuse of five historic buildings. Erik Ipsen assistant managing editor Erik Engquist which the public, the local community One local school leader is even asking Rudin to hand over senior producer, projects Kira Bindrim board, the borough president and, a pile of money to convert nearby 75 Morton St. into a senior producer, news Elisabeth Butler Cordova contributing editor ultimately, the City Council and the mayor school, even though the developer has already made Elaine Pofeldt weigh in.That’s in addition to the usual array of agencies, financial guarantees for a new 564-seat elementary school. columnists Greg David, Michael Gross, including City Planning and often the Landmarks (The project’s 450 housing units are expected to add only 54 Alair Townsend B pulse editor Barbara Benson Preservation Commission. students to the public school district.) senior reporters Theresa Agovino, Aaron Elstein, Lisa Fickenscher, A proposal by Rudin Management Co. and North Shore- The developer argues that the community is seeking Matthew Flamm, Miriam Kreinin Souccar LIJ Health System for a Greenwich Village site that excessive concessions reporters Amanda Fung, Shane Dixon Kavanaugh, includes the former St. Vincent’s Hospital is now in the that amount to a third Daniel Massey, Adrianne Pasquarelli, The plan seems Jeremy Smerd middle of this process, known as Ulurp. Developers’ usual bite of the apple—and reporter/producer Emily Laermer Ulurp strategy is to initially ask for more expansive zoning that the demands would art director Steven Krupinski to have factored deputy art director Carolyn McClain than they need and offer fewer public benefits than they can render the project staff photographer Buck Ennis afford, then whittle the project down and add goodies to in all reasonable economically infeasible. copy desk chief Wendy Zuckerman copy editor Thaddeus Rutkowski satisfy the community’s inevitable demands. requests by locals We have previously research editor Dana Gordon This is what Rudin did two years ago at the St. Vincent’s made the point that assistant research editor Suzanne Panara research interns Callie Eidler, Helen Kwong site, only to see opponents drag out the process until the given the oversupply of editorial intern Rebecca Olles

hospital’s bankruptcy scuttled the project.The institution, hospital beds in EDITORIAL AND ADVERTISING OFFICES which was reportedly losing $5 million to $10 million every Manhattan and the 711 Third Ave., New York, NY 10017-5806 month, closed 18 months ago. shaky finances of many hospitals, omitting such a facility is a editorial: 212.210.0277 Fax 212.210.0799 advertising: 212.210.0711 Rudin went back to the drawing board and came up with credit to the Rudin/NS-LIJ plan, not a reason to oppose it. Cable craincom nyk a new plan, taking as its starting point the concessions it had Whether more concessions would really kill the project’s Fax 212.210.0499 already granted, including shrinking the proposed buildings viability, we do not know, but Rudin does appear to have Entire contents ©copyright 2011 Crain Communications Inc. All rights reserved. and reusing five historic structures. already accommodated all reasonable requests. ®CityBusiness is a registered trademark of MCP The reworked proposal includes a health care facility with Ultimately, the fate of the project should be determined by Inc., used under license agreement. an emergency department but just two beds, and thus will its merits—state-of-the-art health care, a new school, TO SUBSCRIBE: For subscription information and delivery concerns, never be supported by Village residents who will accept quality housing, tax revenue, economic activity, and jobs for please e-mail [email protected] or call 877.824.9379 (in the U.S. and Canada) or nothing less than a full-service hospital and Level I trauma 1,200 construction workers and 400 health care workers— 313.446.0450 (all other locations.) $3.00 a copy, $99.95 one year, $179.95 two years. center, regardless of the market’s inability and the state not by how many pounds of flesh activists and elected www.crainsnewyork.com government’s unwillingness to support one. Other officials can extract from its developer. ADVERTISING AND MARKETING advertising director Trish Henry senior account managers Irene Bar-Am, Courtney McCombs, Sheryl Rose, Suzanne Wilson CRAIN’S ONLINE POLL COMMENTS sales manager, classified print & online John Gallagher sales coordinator print & online SHOULD WALL STREETERS Danielle Wiener newsletter product manager BE WORRIED ABOUT Alexis Sinclair Occupied territory credit Todd J. Masura 313.446.6097 ‘OCCUPY WALL STREET’? assistant marketing manager WHAT THE PROTESTERS ARE SAYING Corporate greed is one thing standing in the way. Sabra Harrison Date of poll: Oct. 5 Some folks are standing up—finally. How- director, audience development 425 votes I am a soccer mom of two, hold down a job, ever messy it might seem, they are bringing a Michael O’Connor drive a station wagon: I’m as “normal” as they ray of hope that we can find a way to make this director of online and e-commerce No. Wall Street’s come. And I believe that the Occupy Wall country better for all. I stand in support of them. strategy essential role in Street protesters are on to something important. —luis g. santiago Kristi Serrano financing our Our society, economy and government are web developer, interactive economy dangerously skewed toward corporate interests. Chris O’Donnell

. 41% THE WRONG MANTRA

outweighs the Corporations have one obligation only: to NEW YORK PRODUCTION familiar 59%. complaints of the deliver short-term growth to shareholders. They I don’t think the protesters have a clue what production and pre-press director protesters. create jobs, provide workers with a living wage, they’re protesting. They merely recite the Michael Corsi keep jobs in America only if it serves that goal. mantra condemning Wall Street for its “greed.” advertising production manager Their obligation to shareholders is a legal Yelling and screaming is not an argument. Suzanne Fleischman Wies one; their obligations to America, platitudes. —joe wright PUBLISHED BY CRAIN COMMUNICATIONS INC. Yes. This They need growth, and what has been squeezed chairman Keith E. Crain potentially in pursuit of that goal is America itself. NO, THE RIGHT MANTRA president Rance Crain powerful That’s what the protesters are saying, and this secretary Merrilee Crain movement could churchgoing, family-dinner-cooking PTA mom, My kid’s down there with the others. She stays treasurer Mary Kay Crain change how Wall William Morrow informed and knows what she’s talking about. executive vp, operations Street firms are for one, is grateful that someone is saying it. senior vp, group publisher Gloria Scoby regulated, taxed —ali benjamin I think we are witnessing the beginning of group vp, technology, circulation, and even a countermovement against the misinformed, manufacturing Robert C. Adams prosecuted for STANDING UP the uninformed, the Tea Party liars and all vice president/production & years to come. their supporters. It’s about time. manufacturing David Kamis I’ve worked for 26 years for a large corporation, —andrew m. cohen chief information officer Paul Dalpiaz G.D. Crain Jr. bloomberg news so I am no “anti-capitalist.” Capitalism is a great founder (1885-1973) For this week’s questions: Go to tool to increase wealth, but left on its own, it SEND LETTERS to [email protected]. Send chairman Mrs. G.D. Crain Jr. (1911-1996) www.crainsnewyork.com/poll to have your say. creates inequality. Our aim is to help everyone columns to [email protected]. Please include achieve life, liberty and the pursuit of happiness. the writer’s name, company, address and phone number.

10 | Crain’s New York Business | October 10, 2011 20111010-NEWS--0011-NAT-CCI-CN_-- 10/7/2011 1:43 PM Page 1

OPINION

offer to limit the scope of a living wage.They rightly regard last week’s Speaker Quinn’s concession as a tactical maneuver; once a living wage is adopted,propo- nents will try to expand its reach. While the new plan didn’t change painful dilemma the battle lines, it certainly put Ms. Quinn on the hot seat again, as she was over the paid-sick-leave bill ear- ity Council Speaker Christine Quinn is widely lier this year. She has worked to por- believed to be the front-runner for the 2013 may- tray herself as a friend of small busi- oral race. Last week’s maneuvering over the liv- nesses,which will be useful when she ing-wage proposal showed why that piece of con- runs for mayor in 2013.She is also an ally of Mayor Michael Bloomberg’s, ventional political wisdom is flawed. a strong opponent of the living wage, The living-wage movement believes that New York’s prob- and is positioning herself to be the C person most likely to continue his lems reside in the disappearance of middle-class jobs, which have been replaced by low-wage jobs that do not allow a family policies. Neither small businesses nor the mayor will forget (or forgive) if she sides against them. to live adequately. Its scribed as liberals— Politically, the speaker’s positions remedy is to impose a want to tie a living-wage are exactly right for the general elec- higher minimum wage requirement to receiving tion in November, when all city resi- in the city, something city assistance. The def- dents vote. They are not helpful for on the order of $10 an inition of assistance is the Democratic primary, in which hour with benefits, and quite broad, so, for ex- unions who support the living wage $12 without. ample, anyone leasing carry such sway and voters have little The movement coa- space at the Brooklyn concern for small businesses and in- lesced three years ago Navy Yard would be cov- creasingly dislike the mayor. City when Bronx politicians ered because the facility Comptroller John Liu, a strong liv- tried to impose a living has received substantial ing-wage supporter, is appealing to wage on a redevelop- GREG city investment, even those primary voters; Public Advo- ment plan for the Kings- DAVID though the businesses cate Bill de Blasio is going to have to bridge Armory. When there receive no direct move decisively in that direction. their demand caused the subsidies. The speaker punted last week, project to crater, they realized it Faced with fierce opposition to saying she has to study the bill. The wasn’t possible to raise the minimum their proposal’s broad reach, backers question is whether she will decide to wage on a piecemeal basis. last week dramatically narrowed their move to the left and embrace the bill However, the city may not have plan.They raised the subsidy thresh- to compete in the Democratic pri- the power to impose the requirement old to $1 million and exempted small mary. Or she could stick to her guns, citywide. So the movement’s sup- businesses and manufacturing. but then she runs the risk that she’ll porters—unions, the Working Fam- The problem is that nobody be- have to run as an independent. In ei- ilies Party and politicians usually de- lieves supporters are sincere in their ther case, she’s not the front-runner.

firms coming to our state bring industry suppliers and other busi- Investing in SUNY, nesses in their wake. Credit the leadership of Mr. Cuomo for bringing together a vital high-tech industry and SUNY’s ca- investing in future pacity for research. The governor came into office touting higher education—and BY NANCY L. ZIMPHER SUNY, specifically—as a vital driver of economic growth and recovery. ust how important is higher education to New York’s He has nurtured that critical rela- economic future? tionship first by ensuring a SUNY presence on each of his regional eco- Important enough to be the linchpin of an extraor- nomic development councils and dinary agreement announced by Gov. Andrew Cuomo also by enacting NYSUNY 2020, that will bring $4.4 billion and an estimated 6,900 jobs which empowers our university to the state.The decision by IBM, Intel,Taiwan Semi- centers to facilitate job growth J throughout New York. conductor Manufacturing, GlobalFoundries and Sam- In return, SUNY will be ac- sung to build the next generation of computer chip technology countable. We have launched the SUNY Report Card, which will in New York state is exciting, large- tomorrow’s jobs, cutting-edge jobs publicly track our performance as an ly because it shows that the high- that will sustain the industry and educator and economic engine.This tech industry recognizes the state’s tax revenue for generations. This level of transparency makes good on commitment to public higher edu- agreement pushes New York’s eco- our solemn promise that as we carry cation and to the development of nomic recovery toward the firmer, out our strategic plan,SUNY will be the skills that the field requires. long-term footing of 21st-century a leading catalyst of the state’s eco- The research and job-creation technology. nomic recovery. capacity of the State University of The university system is playing Only as the New York-SUNY New York, New York’s 64-campus a critical role in the development of partnership continues to thrive will public university system, makes this new computer chip technology, we achieve our mutual long-term ambitious partnership with five of hosting research facilities at the goal of creating jobs and training the the world’s leading technology firms SUNYIT campus in Utica, the Al- graduates who will fill them. To be a wise investment for the state (which bany CNSE and the CNSE Smart sure, an investment in SUNY is an will back the project with a $400 System Technology & Commer- investment in the future of New million contribution to SUNY’s Col- cialization Center in Canandaigua. York state. lege of Nanoscale Science and En- These facilities alone will be home gineering in Albany). And we’re not to 1,550 new jobs—with more like- Nancy L. Zimpher is chancellor of the State just creating jobs: We’re creating ly to follow,as the major technology University of New York.

October 10, 2011 | Crain’s New York Business | 11 20111010-NEWS--0012,0013-NAT-CCI-CN_-- 10/6/2011 7:28 PM Page 1

REAL ESTATE DEALS

building is getting a lot attention,” land. Jay Dietz & Associates, a Courthouse draws said Jason Muss, principal of Muss court-reporting firm, signed a 10- for S.I. neighbor Development. “We renovated the year, 2,000-square-foot lease. Ask- Will investors check lobby and rebuilt the parking struc- ing prices for the leases ranged from Talk about the long arm of the law: ture. A lot of the operations systems $25 to $30 per square foot. The opening of a new courthouse in are being redone. The building is Michele Freeman and Christo- Staten Island next year is already practically a new building.” pher Mansfield of CB Richard Ellis out of NYC hotels? boosting business for nearby land- The Legal Aid Society, a non- Group Inc. represented the Legal lord Muss Development. The firm profit legal services organization, Aid Society. Del Smith of JDSA recently signed a total of 17,000 expanded its lease by almost 8,700 Real Estate and Rob Sattler of New- otels became an increasingly desirable invest- square feet in leases with three sep- square feet, to nearly 20,000 square mark Knight Frank represented the ment in New York’s red-hot commercial arate organizations at 60 Bay St. feet, to accommodate an increase in Department of Veterans Affairs. Jay property market this year as tourists flocked to The $220 million, 183,000- staff there to 60 employees from 24. Dietz was represented internally. the city. But some experts believe the trend will square-foot courthouse is scheduled The U.S. Department of Veterans Stan Markowitz and Ross Spital- H to open on Central Street in 2012. Affairs signed a five-year lease for a nick represented Muss Develop- cool along with the economy. “There are very few first-class of- 3,700-square-foot space, relocating ment in-house on the transactions. In the first nine months, 23 hotels have been sold for a total fice buildings in that vicinity, so our from another building on Staten Is- —rebecca olles

of $4.2 billion. One of the hotels, The Carlyle, garnered $1.7 million per room, while the average was $515,000. Those deals account for 21% of the total dollar value of commercial sales transactions in the period.During the first nine months of last year,10 hotels were sold for a total of $911 million,or 11% of the period’s total commercial transactions. “Hotel sales have been incredibly strong,” said Tom McConnell, co- head of the hospitality group at Cushman & Wakefield Sonnen- blick Goldman, which provided the data. Thank Manhattan’s tourism boom. In the first eight months of 2011,the average room rate rose 7%, to $246.87 a night, from the year- ago period, according to the latest data from PKF Consulting.The average room rate hit a low in May 2009 of $191.51 a night. Meanwhile, the average occupancy rate hit 83.2.% in New York hotels, down 2.1 percentage points from the same period last year but still up over the dire days of the Great Recession, when the rate plummeted to 63.1% in January 2009. Now that the economy appears to be heading back into the dol- drums, however, Mr. McConnell expects hotels to lose their investment sheen.“I don’t think the interest in them is sustainable,” he said. Financing large commercial purchases is already getting more difficult. Plus, hotels, with their near-instantaneous susceptibility to bad economic headwinds, have tra- ditionally been more challenging investments to fund than office buildings or apartment houses. Af- ter all,it’s much easier to cancel a va- cation than a lease. —theresa agovino

THE CARLYLE: Hotel fetched $1.7 million per room.

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MEET THE MEDIAN THE MEDIAN SALE PRICE for a Manhattan said Lauren Cangiano, a Halstead Property An eBay outpost condo or co-op in the third quarter was broker who is marketing the apartment with triples space here $911,333, according to Prudential Douglas her sister-in-law Maria Cangiano. Elliman and Miller Samuel Inc. The newly renovated, sponsor-owned unit A digital marketing unit of eBay Inc. So what’s currently on the market near is part of a four-building complex known as called e-Dialog will more than triple that median? There’s this one-bedroom, one- Central Park West Towers, sprawling between its space at 1350 Broadway by leasing bath, 949-square-foot condo with a terrace 97th and 100th streets. Built in 1961, the the entire third floor, which is near- on the upper Upper West Side. Apartment complex was converted to a condo in 1985. ly 25,000 square feet. The company 17K at 382 Central Park West was listed on “The buildings used to be considered on currently has 7,300 square feet in the Oct. 1 with an asking price of $925,000. the fringe,” Laura Cangiano said, “but are now building.The asking rent for the 10- There are park views from the terrace, a part of the Upper West Side.” —AMANDA FUNG year deal was $50 a square foot. One reason the eBay unit opted halstead property to stay in the building was the abun- who represented the firm with his vation of the prewar building that in- ties, said the e-Dialog lease is part of Jonathan Fanuzzi and Robert Sil- dant light from windows on all four colleague Eric Cagner. cluded a new facade and refurbished a process to turn 1350 Broadway ver of Newmark Knight Frank repre- sides, according to Daniel Katcher, Landlord W&H Properties fin- corridors and bathrooms. Anthony into a corporate address rather than sented W&H Properties in the deal. a broker at Newmark Knight Frank ished an extensive $55 million reno- Malkin,president of W&H Proper- a home for garment district tenants. —theresa agovino Downtown printer heads to midtown Its old home, downtown at 40 Rec- tor St.,is being converted into commercial condos, so commercial printer Digital Color Concepts is heading north. The company has signed a six-year lease for the sixth floor at 42 W. 39th St., between Fifth and Sixth avenues. The asking rent for the 10,000-square-foot space was $39 per square foot. The deal brings the 18-story West 39th Street building to 100% occupancy for its office space. The property’s two retail storefronts are still vacant, noted David Levy of Adams & Co. Real Estate, who with colleague Jeffrey Schwartz represented the landlord, 42-52 West 39 Street LLC. Michael Bur- gio of Cushman & Wakefield Inc. represented the tenant. —amanda fung This new tenant is for the dogs A nonprofit that trains dogs to help injured service members will be walking its headquarters into a new space in the garment district. Puppies Behind Bars inked a lease for 5,000 square feet at 263 W. 38th St., between Seventh and Eighth avenues. The asking rent was $31 per square foot. The organization, now at 10 E. 40th St., between Madison and Fifth avenues, will move in by year’s end, after its new space has been built out with open ceilings, pol- ished concrete floors and new offices, said Scott Galin, a principal with landlord Handler Real Estate Organization. Mr. Galin along with colleague Peter Newman represented Handler in-house, while the tenant was represented in-house. Puppies Behind Bars brings puppies to live in prisons for up to 22 months, where trained inmates teach them to help wounded service members coming home from war with post-traumatic stress disorder and traumatic brain injury. It has trained more than 700 service dogs since its inception in 1997. —emily laermer istockphoto

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search firm CB Insights that tracked Chicks,a site for mothers,sold itself 72 acquisitions of daily-deal compa- to San Francisco-based Juice in the New deals sites navigate nies found valuations dropping be- City, and Scoop City was acquired tween 36% and 40% because of too by another New York daily dealer, many look-alike companies, over- BuyWithMe. supply in general and concerns about “You’re already seeing consolida- some Groupon pitfalls the viability of the business model. tion,” said Roger Ehrenberg, man- While Amazon, Google, The New aging partner of IA Ventures and an Groupon came back in August with deals from dentists and Lasik sur- York Times, Hearst, CBS and others investor in ThinkNear and Yipit. But just how many a 13% increase in month-to-month geons are all segments that are seeing have jumped into the space, a third “Eventually you’ll see a massive con- email offers can revenues, though archrival Living- rapid growth, according to Yipit. of daily-deal companies nationwide traction in the number of sites func- Social saw a second down month, Still, Groupon’s cancellation of have shut their doors or been ac- tioning on an independent basis.” consumers, with revenues dropping 3%.Industry its initial public offering road show, quired, according to Yipit. In the meantime, the new sites merchants stand? revenues as a whole were up an esti- the departure of its second chief op- Facebook has gotten out of the are busily trying to differentiate mated 9% over July, according to erating officer in a year, and the re- business. Yelp, a San Francisco- themselves from the Groupon-led Yipit, a Manhattan-based daily deal statement of its revenues rattled based site that reviews local busi- pack.Brooklyn based DoodleDeals, BY JUDITH MESSINA aggregator and research firm,as play- would-be investors and showed just nesses in 42 markets,has cut back on for one, targets moms, a demo- ers moved heavily into new sectors. how difficult it is to succeed in the its daily-deal offerings.In New York graphic that it says has money and Seven weeks ago, with the help of Travel and tourism, home and auto, business. Few sites are profitable, City,two daily dealers have been ac- the willingness to spend it on kids. $1.6 million from a star-studded list nightlife and entertainment as well as and a recent report by Manhattan required since August: Gaggle of Co-founder and Chief Executive of investors, including IA Ventures, Google and Qualcomm, Manhat- tan-based ThinkNear launched a daily deal business. Given the cutthroat competition in the 3-year-old industry—79 companies offer deals in New York City alone, including 30 based here—and the growing sense of consumer and merchant fatigue, ThinkNear’s launch almost seems an audacious move.The troubles of industry leader Groupon, which has come under fire for its high costs and unorthodox method of counting revenues, has only cast more doubt on the viabili- NYC-BASED ty of the deals DEALS business. COMPANIES Not so fast, say exec- l am New York utives and in- l BuyWithMe vestors. The l DailyCandy sites that have l DoodleDeals launched here in the l Gilt City past year aim l KGBdeals to establish l Lifebooker themselves as l Savored companies different l The New York from Chica- Times go-based l ThinkNear Groupon and l Travelzoo Washington, Local Deals D.C.-based l UrbanDaddy LivingSocial. Perks Rather than competing in l Voice Daily the daily deal Deals market, they l Yipit are targeting Source: Yipit narrow, high- value market segments or structuring themselves as solutions for merchants struggling with seasonal and even hourly vari- ability in their businesses. Nor do the new sites worry that an improving economy will make merchants less enthusiastic about offering discounts. The new sites’ value,they say,is as “yield managers” helping businesses manage normal highs and lows. Next big thing “[Deals] basically have offered one of most effective promotional vehicles for local businesses,” said Ben Sun,chief executive of Launch- time, an incubator and investor in three daily deal companies, including a version of Groupon based in Korea. “It is going to be so big that you’re going to see a lot of different variations to support this market.” It’s hard to tell just how much trouble the broad-swath companies are in. After a down month in July,

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Caren Sinclair-Kay said the year- have to work hard to keep them com- BIGGEST NEW YORK CITY DEALS old company reaches millions of ing back. That means rising above Coupons that generated the most revenue consumers in five cities, courtesy of the email clutter and the nearly 700 affiliations with Diapers.com and other sites across the country that are Time Out Kids,and that about 20% doing the same thing. Besides that, of the mothers who get its emails ac- acquiring new customers is getting tually buy merchandise or services. more expensive. Groupon’s acquisition costs tripled in 15 months. Targeted approach “You’re competing for user at- Deal aggregator Yipit narrows its tention,” said Cassie Lancelotti- istock market by aggregating offers from Young, marketing vice president of Amount generated: Amount generated: Amount generated: Amount generated: Amount generated: 698 daily-deal purveyors in 50 U.S. Savored, a restaurant deals site. “It’s $223,610 $197,757 $165,600 $149,611 $143,856 cities and sending subscribers only very hard to differentiate your brand Groupon (9/20): Groupon (9/25): Groupon (8/19): $69 LivingSocial (8/31): Groupon (9/12): $999 $1,895 for Lasik $129 gets you six laser for jazz performance $469 for summer for one abdomen or the kinds of deals they’ve expressed in the current deal space.” surgery for both eyes at hair-removal sessions and dinner for two camp for “grown-ups” chin liposuction at a preference for. Founded in early Though they won’t share details, NY/NJ Lasik on small areas at including appetizers, from LivingSocial Lexington Plastic 2010, it has 350,000 subscribers. many sites recognize that the busi- ($4,200 value) Beauty and Youth Spa entrées and wine at Adventures Surgeons “We make sure every offer is relevant ness has limitations and are looking ($780 value) Birdland Jazz Club ($3,500 value) ($195 value) to you,” said co-founder Jim Moran. to extend their brand outside the dai- While most of these sites have Source: Yipit ly-deal space. Yipit, for one, has a growing lists of subscribers, they still burgeoning side business in analyz- ing and selling the massive amounts of data it collects from daily deal sites. Groupon is doing more targeting, and it just launched Groupon Now, which pushes out deals in real time to mobile phones, and Groupon Goods, which offers discounts on furniture, housewares and other goods without daily time limits. “I don’t think anyone views daily deals as the beginning and end of the business model,” said DoodleDeals’ Ms. Sinclair-Kay. “The remaining players will pivot to where the daily deal will be one marketing tactic in an arsenal of things to offer for local businesses.” Ⅲ DEALS, FAST BUT CONTROLLED SOME NEW YORK CITY-BASED deals sites are casting themselves as “yield managers” for merchants, bringing in customers when business is slow. The sites say they give merchants more control and solve a problem small businesses don’t have the time or wherewithal to fix on their own. The model depends on timing. Savored, for example, takes $10 for every online reservation its subscribers make at the high-end restaurants that have signed up for its service. The restaurants take 30% off the subscriber’s total bill, but the restaurants themselves determine when they participate and how many tables they offer up for discounts. Savored has about 400,000 subscribers and 650 restaurants in 10 cities, as well as affiliations with Zagat and Open Table. ThinkNear has a similar model. Hour by hour, it analyzes factors, including weather and traffic, that impact its clients’ businesses. Then it automatically pushes out offers to mobile phones in the vicinity when those criteria indicate a slowdown in business. It charges merchants $99 per month and so far has several hundred businesses on its rolls, mostly in Manhattan. “We tried to build a system that’s smarter, that doesn’t send customers all at once for massive discounts,” said ThinkNear founder and Chief Executive Eli Portnoy. “It’s all about figuring out the right time and right discount at any given point.” —JUDITH MESSINA

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NEIGHBORHOOD JOURNAL Obscure Brooklyn area hits the radar

south of the Prospect Expressway candlelit shopfront on 20th Street Isolated South Slope sees surge in new bars and between Fourth Avenue and and Sixth Avenue in March. That’s and restaurants; name still in dispute Green-Wood Cemetery, has had a just a block from Lot 2, a locavore surge in bars and restaurants in re- establishment and the first East artists, cops and others since Prohi- cent months. Coast outpost of Katherine Dyer, a BY SHANE DIXON KAVANAUGH bition—was razed to make way for Though its name is disputed— former San Francisco restaurateur. Atlantic Yards,one of its owners had old-timers consider it part of Sunset Ted Mann,the Brooklyn power- atrons were crestfallen an epiphany. “We could reinvent Park,while newcomers prefer South house whose empire stretches from jami ross jami last year when Freddy’s, ourselves,” said Donald O’Finn. Slope or Greenwood Heights—the Bushwick to Bay Ridge, has his SECOND LIFE: Freddy’s, torn down for in Prospect Heights, “We could start again.” area’s sudden popularity is not. A sights set on the neighborhood. Atlantic Yards, turned up in South Slope. Brooklyn, poured its fi- In February, Freddy’s was rein- spinoff of Carroll Gardens’ famous Next month, he will open Green- nal shots. While the carnated near the corner of 17th Lucali pizzeria began serving wood Park, a 13,000-square-foot Pboisterous tavern—a hangout for Street and Fifth Avenue. The area, wood-fired pies and calzones in a beer garden promising bonfire pits, live music and seating for 700. “There’s just this wave of new people putting new ideas into old storefronts here,” said Mr. Mann. Behind the movement is a potent brew of rock-bottom rents, long leases and word-of-mouth that sug- gests something is happening amid South Slope’s mix of prewar buildings, 1920s row houses and an occa- sional condominium development. After looking in Park Slope and Gowanus for a new location, Mr. O’Finn knew that the 15-year lease for 2,300 square feet in South Slope was a bargain. He would not dis- close the exact price but said that “it would easily be double or triple else- where.” Timothy King of CPEX Realty Services said he was not surprised. He noted that many businesses priced out of Park Slope find sweet deals just south of the expressway. Rents there are usually between $30 and $35 a square foot, versus $75 to $100 a square foot in Park Slope. New residents have also taken a shine to the area. They include Ben Jones, who bought a two-family townhouse on 19th Street in 2003. You expect an He recalls being struck by scenes of older ladies sitting on their stoops, children playing in the streets and neighbors who actually spoke to one expert in capital another. “I think there’s a good soul here, and that’s what you build around,” markets and also said Mr. Jones, who opened the nearby Southside Coffee and is a co- owner of Lot 2. in your market. Low profile That’s Key, where you get the best of both worlds. We Unfortunately, rent isn’t the only are KeyBank, the community bank you know with local thing that’s low in South Slope.The knowledge and expertise. area’s understated profile has kept its best joints from becoming destina- We are also KeyBanc Capital Markets Inc., a full service tions for the city’s chowhounds and investment bank that in 2010 raised $108 billion in the imbibers. It’s also not easy to get to: capital markets and completed $2 billion in M&A advisory The nearest subway stop is a 10- assignments for our clients. minute trek. Together, we have the experience and the capabilities to “The kind of community and help you succeed. We’re not just the expert you deserve. population of regulars that you can We’re what you expect. cultivate in a neighborhood like this is wonderful,”Mr.Jones said.“At the same time, you’re challenged be- To learn more, visit key.com/whatyouexpect. cause people don’t know where the hell you are.” That’s just fine with Johnny Leach, a chef at Má Pêche in midtown who recently moved to South Slope with his fiancée. “It’s a welcome relief from hav- KeyBanc Capital Markets Inc., Member NYSE/FINRA/SIPC and KeyBank National Association (KeyBank N.A.) are separate but afﬁliated companies. ing your senses blown out each day Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives. in Manhattan,” said Mr. Leach, Securities products and services: /PU'%*$*OTVSFEt/P#BOL(VBSBOUFFt.BZ-PTF7BMVF who this summer was asked to grill Banking products and services are offered by KeyBank N.A. Member FDIC and Equal Housing Lender. for neighborhood parties at Quar- ter, two blocks south of Freddy’s. ©2011 KeyCorp ADL4049 “This place is a lot closer to my heart than any other place I’ve lived in New York,” he said. Ⅲ

16 | Crain’s New York Business | October 10, 2011 20111010-NEWS--0017-NAT-CCI-CN_-- 10/6/2011 4:20 PM Page 1

“Alumni would say, ‘I support the university through my taxes.’ We changed that conversation.” —Carlos Flynn, university dean for institutional advancement, City University of New York, Page 20 Ivory Powers david junkin david The city’s biggest universities are going ahead with grand expansion plans. Here are the administrators working to make sure those visions become reality

conomic uncertainty has put the kibosh on real estate projects all To attract students and funding in the increasingly cutthroat world of higher around town and emptied the coffers of many a nonprofit education, officials say, they need more labs, dormitories, classrooms and at institution. But that’s not stopping the city’s largest least a semblance of the kind of green, bucolic space that universities from barreling ahead with major universities such as Princeton enjoy. expansion plans—aimed at securing their reputations BEHIND They’ve mounted aggressive campaigns to raise the billions they Eas world-class learning and research institutions—and raising THE BILLIONS need for growth and have spent thousands of hours convincing copious amounts of money for the projects. neighboring communities and the city of their good intentions and Up until now, they’ve made do with cramped campuses and KEY EXECS shaping of the benefits their expansions will bring. scattered facilities that creep into adjoining residential and the big expansions The following profiles provide a glimpse of the working lives commercial neighborhoods. Columbia has 194 square feet per at Columbia, CUNY, of administrators and fundraisers charged with overseeing these student, compared with Princeton’s 561. NYU has even less, 160 Fordham and NYU grand plans, shepherding them through the approval process square feet per student, while Fordham’s Lincoln Center campus Pages 18-22 and raising the money to fund them. has 106 square feet. —judith messina

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REPORT EDUCATION COLUMBIA UNIVERSITY interested in buying. dent for operations, finance and in- rounding community what was in Robert That helped dis- novation enterprises, who has over- Columbia’s thinking,” he said. NYC’s Ivy is building a 17-acre pel, but did not seen the plan amid the numerous Columbia made its first presen- Manhattanville campus north of eliminate, the as- political and legal controversies that tation to Community Board 9 in its current base. It’ll cost $6 billion Kasdin sumption that any met its unveiling in 2003. April 2004.A controversial six years and take 30 years to finish. Senior executive vice property that Indeed, said Mr. Kasdin, one of later, in June 2010, the state Court president for operations, changed hands in the most challenging tasks has been of Appeals green-lighted the state’s finance and innovation Manhattanville was communicating Columbia’s inten- use of eminent domain to seize for um of Art, and in 1997, he joined enterprises part of the plan. It tions. Although not responsible for Columbia the last few pieces of the University of Michigan as chief was one of the many community affairs, he attended commercial property it needed. financial officer under then-Presi- ne of the things efforts, including many meetings, including public A lawyer turned university ad- dent Lee Bollinger. Mr. Bollinger Columbia Univer- 100 public meet- hearings with residents, shop own- ministrator, Mr. Kasdin, 53, left recruited him for Columbia in 2002. sity did as it developed its ings, Columbia undertook to gain ers, businesspeople and others with corporate law in 1998 to become Mr. Kasdin moved into the non- plan to build a $6 billion, support for the giant project. a stake in the development. general counsel for Princeton Uni- profit world because, he said, “there O17-acre campus in Harlem was to put The point man on the strategy “It was explaining what we actu- versity’s investment fund. Later, he were terrific opportunities to make on the Internet the target project area, and approval front has been Robert ally hoped to achieve and communi- became treasurer and chief financial contributions, and the work was delineating which properties it was Kasdin, senior executive vice presi- cating clearly and directly to the sur- officer of the Metropolitan Muse- challenging.” —judith messina Susan Feagin Special adviser to President Lee Bollinger

hen Susan Feagin followed her high school sweetheart from Texas to Co- lumbiaW University at age 19, she got a job at the university to help pay for school. Her task: assign- ing parking Your legacy spaces to faculty and staff. can last forever. “A faculty member said to me, ‘No Unfortunately, this matter what you go on to opportunity won’t. do, you will never have as much power as you do now, controlling these parking spaces,’ ” joked Ms. Fea- gin, now special adviser to Colum- bia President Lee Bollinger. Maybe not. But in her 37-year career in university development, she surely has come close. In her previous position at Co- lumbia, Ms. Feagin ran the university’s $4 billion campaign to raise money for its expansion in Morn- ingside Heights, its endowment, and funds for faculty research and financial aid. She reached the campaign goal last February, nearly a year ahead of schedule. At the same time, the 62-year-old executive cre- There is a unique gifting opportunity in effect right now that allows you to transfer TAX-FREE ated Columbia’s first university- GIFTING wide alumni association. signiﬁcant assets to your heirs tax free. But it expires at the end of 2012. So now is Twice, Ms. Feagin has left Co- lumbia for fundraising jobs at Har- vard University and the University the time to sit down with Wilmington Trust. Our trusted advisors have been helping families sustain of Michigan. But the New York Ivy lured her back. In January,she was named to her wealth for generations. Let us help you ensure your legacy lives on. Call Larry Gore at 212.415.0520 current position, a flexible job that allows her to work on a variety of projects. Her current task is to try or visit wilmingtontrust.com/gift. and make alums’ experiences on advisory boards more rewarding. But no matter what she is doing, Ms. Feagin always has fundraising top of mind. “If you look at the biggest donors of every organization, typically it’s the ones who are the most engaged,” she said. WEALTH ADVISORY SERVICES Though Columbia feels like home to Ms. Feagin—her Manhat- tan apartment is nearby—she also CALIFORNIA | DELAWARE | FLORIDA | GEORGIA | MARYLAND | MASSACHUSETTS | NEW JERSEY | NEW YORK | PENNSYLVANIA | VIRGINIA | WASHINGTON, D.C. has a house in Waco, Texas, where ©2011 Wilmington Trust Corporation, an affiliate of M&T Bank. she spends time on her other pas- sion: bird-watching. —miriam kreinin souccar

18 | Crain’s New York Business | October 10, 2011 CN014617 9/8/11 2:09 PM Page 1

Tom Potter, co-founder and former CEO of Te Brooklyn Brewery

...experienced the power CRAIN’S NEW YORK BUSINESS has to play ‘matchmaker’ in New York. In 2009, Crain’s penned an article about Potter’s next venture: New York Distilling Co., the city’s largest legal distillery since Prohibition, where Potter identified raising the initial capital as his biggest hurdle. As a result of the feature, New York Distilling Co. drew enough investor interest to fully fund the distillery and plan to open in the fall of 2011.

Crain’s New York Business: Making Connections for 25 Years. 20111010-NEWS--0020,0021-NAT-CCI-CN_-- 10/6/2011 7:27 PM Page 1

REPORT EDUCATION CUNY More than $3 billion in expansion projects are in the works at City Gillian Small University of New York’s colleges. Carlos Flynn Vice chancellor for research University dean for institutional advancement

cell biologist who has made a signif- tech commercialization office that has helped n 2000,the City University of New York, have been tasked by Mr. Goldstein with find- icant contribution to our under- to spin off at least eight young companies in an institution with 1 million alumni, ing funds for their colleges. standing of how the body breaks recent years. Between 2001 and 2010, the managed to raise $50 million from pri- A seasoned development guru, Mr. Flynn down fats, Gillian Small still has her number of doctoral graduates in science,tech- vate sources, a piddling amount in a has spent 30 years in the fundraising world— Aown research lab at CUNY—but she has little nology, engineering and math rose 49%. Iworld where $4 billion campaigns are now the much of it internationally as a consultant with time to spend there. These days, she devotes All of which are major accomplishments norm. But not unusual for an institution sup- CCS Fundraising.There,he helped organiza- most of her time to planning labs and facilities for a public university competing in a city with ported by public funds and unaccustomed to tions such as Habitat for Humanity and the that will help other scientists excel. six deep-pocketed private institutions reaching out for private philanthropy. Rotary Club bring in millions of dollars. The vice chancellor for research at CUNY, renowned for their research. CUNY, too, has In 2004, Chancellor Matthew Goldstein, At CUNY, in addition to developing strat- Ms. Small is spearheading the plan had its share of Nobel laureates in who took CUNY’s helm in 1999, egy and soliciting funds, he runs a for the system’s Decade of Science, science, medicine and economics, set out to change that mind-set fundraising academy for the sys- a $2 billion project for programs but over the years,budget woes ate and launched the system’s first- tem’s 150 development people as and facilities that can catapult City into funding for science. ever capital campaign, a $1.2 bil- well as others involved in raising University into the top echelons of Changing times, however, are lion effort that exceeded its goal in money for the university.Last year, science research and education. working in CUNY’s favor as col- 2009, three years early. The new he started the CUNY Philan- “To be a great university, you laboration among scientists be- target is $3 billion by 2015. thropic Forum, a meeting with need great research and great sci- comes essential.Under Ms.Small, CUNY is already two-thirds of donors to help development people ence,” said Ms. Small, 55. “In pre- CUNY is in talks with NYU, the way there,thanks to major gifts find out what they can do better. vious years, science and science fa- Stanford and other universities: from alumni—such as Intel Mr. Flynn emigrated with his cilities were neglected. They were prospective partners on a propos- founder Andrew Grove, who gave family from Argentina when he the most expensive to support and al in response to Mayor Michael $25 million to CUNY’s engineer- was 10 years old and grew up in maintain.” Bloomberg’s offer of public land ing school, and developer Bernard Queens. He joined CUNY in The plan’s showpiece, a 200,000-square- for a new research institution. Spitzer, who donated $25 million for the 2003 to assist in overhauling the university’s foot Advanced Science Research Center on Born in Britain, Ms. Small arrived in the school of architecture. A full 76% of the mon- development effort and going after private the City College south campus in Harlem, is U.S. in 1985 to work under Nobel laureate ey raised has come from private donors, 95% donors. Until then, said Mr. Flynn, alumni due to open in 2014.New science buildings are Christian DeDuve at Rockefeller University.In of whom are alumni. Some $800,000 comes had never been asked to support their alma also rising—or existing ones are being reno- 1988, she became a professor at the University from just 400 alums. mater in any substantial way. vated—at Lehman, Brooklyn, Queens and of Florida and in 1992 returned to New York Carlos Flynn, 60, university dean for insti- “Alumni would say, ‘I got a great educa- Hunter colleges. and joined Mount Sinai School of Medicine. tutional advancement, has been a key part of tion, but I support the university through my On Ms. Small’s watch, CUNY also has “Frankly, I missed New York,” said Ms. the turnaround. Responsible for raising mon- taxes,’” recalled Mr. Flynn.“We changed that tripled its outside funding for scientific re- Small, who joined CUNY in 2001. ey for the institution as a whole, he is also the conversation.” search to $150 million annually and opened a —judith messina support for the system’s 24 presidents, who —judith messina

NYSERDA HAS COMMITTED MORE THAN $3 MILLION FOR ENERGY STUDIES AND PROJECTS AT COLUMBIA UNIVERSITY; THEY ARE AN ESSENTIAL ENERGY EFFICIENCY PARTNER.

— Nilda Mesa, Assistant VP of Environmental Stewardship

If you’re not working with New York State Energy Research and to the University’s goal of reducing greenhouse gas emissions Development Authority, you’re missing a vital resource that can by 30 percent by 2017. Recent campus cooling system projects help make your new or existing facility more energy efficient, in will yield annual energy cost savings of $550,000. NYSERDA turn more profitable and more competitive. NYSERDA saves brings answers to your planning table, maximizing energy New York institutions millions of energy dollars every year and savings and reducing costs. Call today for solutions from provides generous incentives. NYSERDA’s energy assessment of New York State’s energy experts. Good for the environment more than 30 Columbia University buildings is now a road map and good for the bottom line.

20 | Crain’s New York Business | October 10, 2011 20111010-NEWS--0020,0021-NAT-CCI-CN_-- 10/6/2011 7:27 PM Page 2

REPORT EDUCATION FORDHAM UNIVERSITY Bronx-based school has a $1.6B Brian Byrne Lincoln Center expansion in works. Roger Milici Vice president of Lincoln Center campus Vice president for development and university relations

rian Byrne has been at Fordham for graduates comes from California.The Lincoln oger Milici honed some of the skills to create more of a culture of giving. Among the past 30 years,most of it in the kind Center project aims to further that progress. critical to his current fundraising job other things, he’s attracted support for fellow- of jobs that give rise to the dreaded 3 Like other university expansions in the city, in an Order of the Holy Cross sem- ships and honors programs and has hired staff a.m.phone call or,as he puts it,“all the it has created its share of squabbles with inary. Among those talents was the to go after untapped growth areas—the $1,000- Bthings that go bump in the night.” neighbors. Fordham scaled back the plan, and Rability to listen, a seemingly simple task but to-$50,000 givers and those alumni who have Now vice president of Fordham’s Lincoln in August 2010, the state Supreme Court one that is hard to do well. the ability to write Fordham into their wills. Center campus, he is honchoing a $1.6 billion handed the university a victory in a lawsuit “I learned how to actively listen,” said Mr. A native of New Haven, Conn., Mr. Mili- expansion that over 20 years will add six build- brought by a group of nearby condo owners. Milici, 45.“[It’s important] to be able to listen ci entered seminary after college at Duquesne ings and 1.5 million square feet of classroom, Mr. Byrne, 62, describes the Lincoln Center to a donor’s vision about what he wants to University,but left after two years when he fell library and dormitory space.It in- project not as an expansion but as achieve, then introduce him to in love with the woman he would cludes two private rental towers to a “full development” of Fordham’s projects that are important to the eventually marry. Coming out of be built on land that the institu- existing Lincoln Center campus. institution.” graduate school with a degree in tion sold to a private developer, Raised in Virginia, Mr. Byrne Those skills have served him social and public policy in 1992 in the proceeds of which will help fi- showed up at Fordham in 1971 to well at Fordham University,which a tough economy, he took an en- nance the development. get a doctorate and ultimately got he joined in 2009 as the universi- try-level job with the United Way The first phase,due to be com- an M.B.A.to boot.After complet- ty’s No. 2 fundraiser. He ascended of Greater Waterbury, Conn., ul- pleted in 2014, will encompass a ing his Ph.D., he taught as an ad- to the top job, vice president for timately becoming president of new law school, a student center junct and then joined the universi- development and university rela- that organization. and a dormitory for 430 students. ty as assistant to the president for tions, earlier this year after his Later, he headed development Later phases include more dorm urban affairs. Over the years, he predecessor left for USC. at Stonehill College and at Tufts capacity, a new theater and addi- has headed several key depart- When he arrived, Fordham had University’s Fletcher School of tional space for the library, the ments,including government rela- just announced its biggest cam- Law and Diplomacy before signing graduate school of business, and the graduate tions,real estate development and administra- paign, a $500 million effort to support the ex- on at Fordham.He’s not daunted,he said,by the schools of social services and education. tion. He’s worked for 20 years with Fordham’s pansion of its Lincoln Center campus and to fundraising machines that he competes with in Fordham,which was founded by Jesuits and University Neighborhood Housing Program renovate athletic facilities at the Rose Hill cam- New York City. remains a Catholic institution, has historically to develop and preserve affordable housing in pus in the Bronx.At the time,the university had “We’re trying to communicate to alumni been a commuter school, but it has spent the the Bronx. He’s still on the board of UNHP raised about $250 million; today, the campaign and friends that Fordham is deserving of their past 30 years trying to transform itself into the and teaches a class in business ethics. coffers are close to the goal, at $430 million. investment,” said Mr. Milici. “Not only be- kind of residential university that can attract a The hardest part of his job? “It’s respecting The university’s relatively modest endow- cause it’s a Jesuit institution, but because broad student body. Today, 80% of its 15,100 the process,which requires patience,but at the ment, $511 million, makes philanthropy that Fordham was founded to help educate immi- students live in dorms,mostly at its Bronx cam- same time constantly moving it forward,” he much more important. Mr. Milici has reorgan- grants and new Americans. We’re still doing pus, and its third-largest contingent of under- said. —judith messina ized the development department and is trying that today.” —judith messina EES-CI-DS-COLUMBIA-AD-001-V1

SAVE YOUR ENERGY. CALL NYSERDA. 212-364-1933 1-866-NYSERDA NYSERDA.ORG/NYC

October 10, 2011 | Crain’s New York Business | 21 20111010-NEWS--0022-NAT-CCI-CN_-- 10/6/2011 7:44 PM Page 1

REPORT EDUCATION NYU

gressional staffer. search building and home for the campus, but the project still must go Its 20-year master plan includes 6 Lynne Nearly 30 years and nursing school near NYU Langone through the treacherous Uniform million new square feet for faculty, three university Medical Center, a possible satellite Land Use Review Procedure, or dorms and academic programs. presidents later, she campus on Governors Island and, ULURP. In that process, which Brown is still at NYU,help- most controversially,up to 2 million NYU hopes to start early next year, Senior vice president ing navigate the pol- square feet of in Greenwich Village. Ms.Brown’s skills will be on display. when she took a job on Capitol Hill for government and itics of a major ex- Her job: to get the plans through “In my position, you’re basically a as an aide for Mr. Brademas, an In- community affairs pansion. the city’s approval process. translator,”she said.“You have to un- diana congressman. When Mr. Now senior vice Ms.Brown,59,clearly knows the derstand the institution and why it Brademas became president of NYU ynne Brown came president for gov- ropes, having been involved in oth- needs the things it needs,but you also and asked for her help,she came back to New York Uni- ernment and com- er NYU projects, including the have to be translator to the [univer- to New York—and never left. versity in 1983 for munity affairs, she modernization of the university’s sity] leadership of your understand- “Every time it looked like ‘Been what she thought would be is running interference for an ambi- cogeneration plant and construc- ing of the city and the community.” there, done that,’ something else La short gig—helping its new presi- tious 20-year development plan. It tion of a new spiritual center. In re- Born in the Bronx and raised in rolled along,” said Ms. Browne.“It’s dent, John Brademas, assemble a includes a campus for Polytechnic sponse to community objections, Westchester County, Ms. Brown given me quite a perch to see and be staff—before she headed back to Institute of New York University in the university has scaled back the was working on a Ph.D. in political part of NYU’s trajectory.” Washington and her day job as a con- downtown Brooklyn, a medical re- plan for the Washington Square science at Johns Hopkins University —judith messina Debra LaMorte Senior vice president for development and You Built Your Business alumni affairs n 2002, soon after Debra LaMorte was named senior vice president for development with Customers’ Needs and alumni affairs for New York IUniversity, she became the point woman in a $2.5 bil- in Mind. lion campaign, the biggest the university had ever attempt- SO DID WE. ed. She was also following a tough act, Naomi Levine, who was legendary for her success in raising billions for the university. By the time the campaign closed in 2008, NYU had raised not $2.5 • Dedicated Small Business billion, but more than $3 billion. Relationship Manager Among other things, Ms. LaMorte, now 59, built a program to reach out • Convenient Online Access to parents and alumni, including the 50% of NYU’s 350,000 graduates with TD Bank BusinessDirect who had been out of touch with the university. Today, NYU has contact • Longer Hours that Work information for 325,000 alumni. That kind of groundwork should with Your Schedule serve the institution well when NYU goes public with its next cam- • We’re Ready to Lend paign.The as-yet-unannounced effort will raise money for a 20-year When You’re Ready to Borrow plan that will include development not only of its traditional stomping grounds in Greenwich Village, but PUT THE POWER OF TD BANK also of a campus in downtown Brooklyn for NYU-Poly, and possi- TO WORK FOR YOU. bly a satellite on Governors Island. To speak with a Small Business Raised in Pelham in Westchester County, Ms. LaMorte graduated Relationship Manager, call 1-888-751-9000 from Antioch College and then fi- or visit www.tdbank.com/smallbusiness nanced her way through law school in Cincinnati. She practiced law there for six years, but decided she needed a change and returned to New York.As director of development and later associate dean of public affairs at NYU Law School, she raised $185 million in what was at the time the largest campaign by a law school. Her secret for successful fundraising? “You need big ideas that are going to be relevant, that people are going to feel a strong attraction to and will want to support,” she said. TD Bank, N.A. | Some fees and restrictions may apply. Loans subject to credit approval. | Equal Housing Lender | TD Bank Group is a trade name for The Toronto-Dominion Bank. Used with permission. For detailed credit ratings for The “If you don’t have a strong mission, Toronto-Dominion Bank and TD Bank, N.A. visit https://www.td.com/investor/credit.jsp. Credit Ratings are not recommendations to purchase, sell, or hold a ﬁ nancial obligation inasmuch as they do not comment on market price or suitability for a particular investor. Ratings are subject to revision or withdrawal at any time by the rating organization. it’s much harder to raise the dollars.” —judith messina

22 | Crain’s New York Business | October 10, 2011 20111010-NEWS--0023-NAT-CCI-CN_-- 10/7/2011 1:31 PM Page 1

ARTS & CULTURE New York City’s Largest Cultural Institutions Ranked by operating expenses

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October 10, 2011 | Crain’s New York Business | 23 nb41p24-26cl.qxp 10/7/11 3:32 PM Page 24

REAL ESTATE PUBLIC & LEGAL NOTICES

NOTICE OF FORMATION OF Notice of Qualification of 399 Services NOTICE OF QUALIFICATION OF LUXURY PROPERTY Gallagher Law Offices PLLC. LLC. Authority filed with NY Dept. of Halcyon Loan Trading Fund LLC. App. Articles of Organization filed with State on 8/31/11. Office location: NY for Authority filed with the Sect. of FOR SALE / EAST HAMPTON the Secretary of State of NY (SSNY) County. Princ. bus. addr.: 800 State of NY (SSNY) on 8/10/11. N.Y. on 08/04/2011. Office location: Boylston St., Ste. 1900, Boston, MA Office Loc: NY County. LLC formed NestSeekers.com NEW YORK County. SSNY has been 02199. LLC formed in DE on 8/29/11. in DE on 7/14/11. SSNY has been designated as agent upon whom NY Sec. of State designated agent of designated as agent of LLC upon process against it may be served. LLC upon whom process against it process against it may be served and The Post Office address to which may be served and shall mail process shall mail process to: c/o Walkers STUNNINGNG the SSNY shall mail a copy of any to: c/o CT Corporation System, 111 Corporate Services Delaware Ltd., 200 process against the PLLC served 8th Ave., NY, NY 10011, regd. agent Bellevue Pkwy, Ste 170, Wilmington, BEACHBEACACH upon him/her is: InCorp Services, upon whom process may be served. DE 19809. DE addr. of LLC: 200 Inc., One Commerce Plaza - 99 DE addr. of LLC: 1209 Orange St., Bellevue Pkwy, Ste 170, Wilmington, Washington Ave., Suite 805-A, Wilmington, DE 19801. Cert. of Form. 19809. Cert. of Form filed with DE HOUSEU Albany, NY 12210-2822. The filed with DE Sec. of State, 401 Sect. of State, PO Box 898, Dover, DE INN THE DUNES principal business address of the Federal St., Dover, DE 19901. 19903. Purpose: any lawful activity. PLLC is: 405 Lexington Ave., 26th Purpose: all lawful purposes. Floor, New York, NY 10174. Notice of Formation of L’Escale AMAGANSETT. Purpose: any lawful act or activity. HOUSE OF JAI LLC, a domestic Francaise, LLC. Arts of Org. filed with ImpeccableImpecImpeImpeccccablecableable Limited Liability Company (LLC), filed Secy. Of State of NY (SSNY) on Notice of Qualification of 29 West 57th with the Sec of State of NY on 9/1/11. 6,0006,0660,00000000S0 Sf+/-Sf+f+//-- 9/02/11. Business location: NY County. Street Owner LLC. Authority filed with NY Office location: New York County. SSNY designated as agent of LLC SummerSSuummmmmeerr CCoCot Cottageottttataaggee NY Dept. of State on 12/10/08. Office SSNY is designated as agent upon upon whom process against it may NextNNeextexxtt To Reserve.ReReseRessesererervrvvee.e. location: NY County. Princ. bus. addr.: whom process against the LLC may be served. SSNY shall mail copy to ExclusiveExclusiveclusive $11$1$$11.8m111.818.88mm 210 Route 4 East, Paramus, NJ 07652. be served. SSNY shall mail a copy of Law Office of Kathleen Higgins, 270 LLC formed in DE on 3/9/06. NY Sec. any process against the LLC served Jay St., Suite 1, Brooklyn, NY 11201. of State designated agent of LLC upon upon him/her to Jeri Fogel, c/o Purpose: any legal activity. whom process against it may be served Mautner-Glick Corp., 1345 Third Ave., Joseph DeCristofaro and shall mail process to: c/o CT NY, NY 10075. General Purposes. WASSERBURG LLC, a domestic SVP, Managing Partner Corporation System, 111 8th Ave., NY, Limited Liability Company (LLC), filed NY 10011, regd. agent upon whom WEB# 34283 NOTICE OF QUALIFICATION of Gate with the Sec of State of NY on 631.873.5362 process may be served. DE addr. of Five LLC. App. for Auth. filed with 9/1/11. NY Office location: New York LLC: 1209 Orange St., Wilmington, DE Secy. of State of NY (SSNY) on County. SSNY is designated as 19801. Arts. of Org. filed with DE Sec. 07/19/2011. Office location: NY agent upon whom process against of State, 401 Federal St., Dover, DE County. LLC formed in Delaware (DE) the LLC may be served. SSNY shall EVENTS 19901. Purpose: any lawful activity. on 05/03/2010. SSNY designated as mail a copy of any process against agent of LLC upon whom process the LLC served upon him/her to The Notice of Qualification of THE NOC TV, against it may be served. SSNY shall LLC, c/o Elizabeth M. Kovac, Esq., ACG Women Entrepreneur ACG (Long Island) featuring James LLC. Authority filed with Secy. of mail process to: 233 Broadway, 21st 90 Park Ave., Ste. 1710, NY, NY Hayward, Applied DNA Science State of NY (SSNY) on 9/28/11. Office Perspectives - Leaders at Every Stage Floor, NY, NY 10279. DE address of 10016. General Purposes. Join us for a fireside chat with women Breakfast featuring James A. Hayward, location: NY County. LLC formed in LLC: c/o Corporation Service Co., Delaware (DE) on 9/22/11. SSNY 2711 Centerville Rd., Ste. 400, Ph.D., Sc.D. Chairman, President, & NOTICE OF FORMATION of CYNTHIA entrepreneurs at various stages of designated as agent of LLC upon Wilmington, DE 19808. Cert. of Form. CEO of Applied DNA Sciences: With E SEIDMAN RD, LLC. Arts. Of Org. their company’s life cycle. Come hear whom process against it may be filed with the DE Secy. of State, P.O. over 20 years of experience in the filed with Secy. Of State of NY (SSNY) served. SSNY shall mail process to: Box 898, Dover, DE 19903. Purpose: them and share their experiences with on 9/7/11. Office Location: NY County. biotechnology, pharmaceutical, life c/o Abdul Khan, 1550 17th St., Santa any lawful activity. starting/owning/selling their companies. science and consumer product industries, Monica, CA 90404, also the principal Princ. Office of LLC: 411 E. 57th St., Interviewer, Katherine Rosman, Dr. Hayward is actively involved in the office address. Address to be main- Notice of Formation of 2050 FIFTH 15E, NY, NY 10022. SSNY designated tained in DE: 3500 S. DuPont Hwy, AVENUE, LLC. Arts. of Org. filed as agent of LLC upon whom process Reporter, Wall Street Journal. Katie global effort to ensure the authenticity against it may be served. SSNY shall of products and the protection of Dover, DE 19901. Arts of Org. filed with the Secy. of State of NY (SSNY) covers media, technology and culture with the DE Secretary of State, 401 mail process to Corporation Service global supply chains from counterfeiting on 08/16/2011. Office located in NY for the Personal Journal section. Federal St., #3, Dover, DE 19901. County. SSNY has been designated Co. 80 State St., Albany, NY 12207. PANELISTS: Tata Harper, Founder, and diversion. Patented and applied in Purpose: any lawful activities. for service of process. SSNY shall Purpose: Any lawful activity. over a billion products throughout Tata Harper Skincare, Patricia mail process to: LLC, 159 West 25th the world, the Company’s SigNature(r) CITY COURIER SERVICES LLC, a Street - 6FL, NY, NY 10001. NOTICE OF FORMATION OF Lizarraga, Managing Partner, Hypatia DNA markers are unique, botanical, domestic Limited Liability Company Purpose: Any lawful purpose. ACCESSORY STREET, LLC. Articles of Organization filed with Secretary Capital Group Nancy Shalek, CEO & “green” DNA sequences that can help (LLC), filed with the Sec of State of NY on 5/23/11. NY Office location: New of State of New York (SSNY) on President, LoveSac. When: Thursday, preserve the quality and integrity of NOTICE OF FORMATION of FGNY York County. SSNY is designated as 2847 Broadway, LLC, Arts of Org files 6/14/11. Office location: NY County. October 13, 2011 6:00 p.m. - 8:00 p.m. products from pharmaceutics to agent upon whom process against w SSNY on 6/29/10 in NY Co. SSNY SSNY has been designated as an Where: Yale Club 50 Vanderbilt cosmetics. When: Wednesday, the LLC may be served. SSNY shall designated as agent upon whom agent upon whom process against Avenue (corner of East 44th Street) October 12, 2011. 8:00 a.m. - 10:00 a.m. mail a copy of any process against process may be served and shall mail the LLC may be served. The the LLC served upon him/her to The a copy of any process to CSC, 80 address to which SSNY shall mail a New York, NY 10017. General Price : Where: Oheka Castle 135 West Gate Drive Huntington, NY 11743. Price: LLC, P O Box 552, NY, NY 10030. State St., Albany, NY 12207. Principal copy of any process against the LLC General Purposes. is to Attn: Ted Rosen, Esq., 100 Park $150 Member Price : $100 General Price : $95 Member Price : $65. bus. address: 2847 B’dway, NYC Register at www.acgnyc.org 10025. Purpose: any lawful act. Ave., Ste. 1500, NY, NY 10012. Register at www.acgnyc.org Notice is hereby given that a license Purpose: any lawful act or activity. (#TBA) for BEER & WINE has been NOTICE OF FORMATION OF applied for by 1111 LEXINGTON Breakable Girls Music, LLC. Notice of Formation of SMC E-Learning TAQUERIA LLC at retail, in a Articles of Organization filed with the LLC Arts. of Org. filed with Secy. of TELECOMMUNICATIONS PUBLIC & Restaurant, under the ABC Law at Secretary of State of NY (SSNY) on State of N.Y. (SSNY) on 07/11/11. 1111 LEXINGTON AVE. NY, NY 7/25/2011. Office location: NEW Office location: New York County. 10075 for on-premises consumption. YORK County. SSNY has been des- SSNY designated as agent of LLC NYC'S MOTOROLA LEGAL NOTICES ignated as agent upon whom process upon whom process against it may be FURTHER LANE FARM, LLC Articles against it may be served. The Post served. SSNY shall mail process to c/o MOTOTRBO SPECIALISTS of Org. filed NY Sec. of State (SSNY) Office address to which the SSNY The Law Offices of Daniel A. Singer Notice of Formation of 147 West 86 8/23/2011. Office in NY Co. SSNY shall mail a copy of any process PLLC, 245 5th Avenue, Suite 1902, Street LLC. Arts. of Org. filed with desig. agent of LLC upon whom against the LLC served upon him/her New York, New York 10016. Principal Secy. of State of NY (SSNY) on 8/30/11. process may be served. SSNY shall is: c/o eResidentAgent, Inc. 12121 business location: 419 Lafayette Office location: NY Co. SSNY desig- mail copy of process to 1619 Wilshire Boulevard, Suite 1201, Los Street, No. 2, New York, New York nated as agent of LLC upon whom Broadway, 10th Flr., NY, NY 10019, Angeles, CA 90025. 10003. Purpose: any lawful purpose. process against it may be served. which is also the principal business SSNY shall mail process to: The LLC, location. Purpose: Any lawful purpose. Notice of Qualification of Blackstone Notice of Qualification of 340 West 86th St., Apt. 11A, NY, NY Real Estate Partners VII.TE.3 L.P. Knickerbocker Hotel Leasing GP, 10024. Purpose: any lawful activities. Notice of Qualification of Radio Free Authority filed with NY Dept. of State L.L.C. Authority filed with NY Dept. Dixie Productions, LLC. Authority on 9/15/11. Office location: NY of State on 7/25/11. Office location: NOTICE OF FORMATION OF filed with NY Dept. of State on County. Princ. bus. addr.: 345 Park NY County. Princ. bus. addr.: 545 E. Roubaix Bike Lounge. Articles of 9/16/11. Office location: NY County. Ave., NY, NY 10154. LLC formed in DE John Carpenter Fwy., Ste. 1300, Organization filed with the Secretary Princ. bus. addr.: 1100 Ave. of the on 9/2/11. NY Sec. of State designated Irving, TX 75062. LLC formed in DE of State of NY (SSNY) on June 23, Americas, 9th Fl., NY, NY 10036. LLC agent of LLC upon whom process on 7/22/11. NY Sec. of State desig- 2011. Office location: NEW YORK formed in DE on 5/18/11. NY Sec. of against it may be served and shall nated agent of LLC upon whom County. SSNY has been designated State designated agent of LLC upon mail process to: c/o CT Corporation process against it may be served as agent upon whom process whom process against it may be System, 111 8th Ave., NY, NY 10011, and shall mail process to: c/o CT against it may be served. The Post served and shall mail process to: c/o regd. agent upon whom process may Corporation System, 111 8th Ave., Office address to which the SSNY CT Corporation System, 111 8th be served. DE addr. of LP: c/o The NY, NY 10011, regd. agent upon shall mail a copy of any process Ave., NY, NY 10011, regd. agent Corporation Trust Co., 1209 Orange whom process may be served. DE against the LLC served upon him/her upon whom process may be served. St., Wilmington, DE 19801. addr. of LLC: c/o The Corporation 33 East 33rd Street is: 223 West 21st. Street, Apt. 5L, DE addr. of LLC: 1209 Orange St., Name/addr. of genl. ptr. available Trust Co., 1209 Orange St., New York, NY 10016 New York, NY 10011. The principal Wilmington, DE 19801. Cert. of from NY Sec. of State. Cert. of Form. Wilmington, DE 19801. Cert. of 212-532-7400 business address of the LLC is: to Form. filed with DE Sec. of State, filed with DE Sec. of State, 401 Form. filed with DE Sec. of State, www.metrocomradio.com be determined in New York City. 401 Federal St., Dover, DE 19901. Federal St., Dover, DE 19901. 401 Federal St., Dover, DE 19901. Purpose: any lawful act or activity. Purpose: all lawful purposes. Purpose: all lawful purposes. Purpose: all lawful purposes.

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PUBLIC & LEGAL NOTICES

NOTICE OF QUALIFICATION of Notice of Qualification of HUDSON- Notice of Qualification of Queenscliff NOTICE OF QUALIFICATION of Notice of Qualification of Lipstick Adakin Masters, LLC. Authority filed VIEW CAPITAL MANAGEMENT, LLC. Fund LP. App. for Auth. filed with DMW3 Associates, LLC. App for Management LLC. Authority filed with Secretary of State of NY (SSNY) App. for Auth. filed with Secy. of State Secy. of State of NY (SSNY) on Auth filed with the Secy of State of with Secy. of State of N.Y. (SSNY) on on 08/01/11. Office location: NY of NY (SSNY) on 8/25/11. Office 8/11/11. Office location: NY County. NY (SSNY) on 7/21/11. Office loc: NY 5/26/11. Office location: New York County, LLC formed in Delaware (DE) location: NY County. LLC formed in LP formed in Delaware (DE) on 6/7/11. Cty. LLC formed CT on 5/5/11. SSNY County. LLC formed in Delaware (DE) on 07/15/11. SSNY designated as Delaware (DE) on 1/4/11. SSNY des- SSNY designated as agent of LP upon designated as an agent upon whom on 11/12/10. SSNY designated as agent of LLC upon whom process ignated as agent of LLC upon whom whom process against it may be process may be served and shall mail agent of LLC upon whom process against it may be served and shall mail process against it may be served. served. SSNY shall mail process to: process to the principal business against it may be served. SSNY shall process to the principal business addr.: SSNY shall mail process to: The LLC, 900 Third Ave., Ste. 201-10, NY, NY address: 28 Tarrywile Lake Rd, mail process to: c/o Stern & Zingman 212 E. 39th St., NY, NY 10016, Attn: 40 Worth St., Ste. 826, NY, NY 10013. 10022. DE address of LP: National Danbury, CT 06810. CT address of LLP, 331 Madison Ave., 2nd Fl., NY, Jonathan D. Abbey, regd. agt. upon DE address of LLC: c/o United Corporate Research, Ltd., 615 South LLC: 28 Tarrywile Lake Rd, Danbury, NY 10017. DE address of LLC: c/o whom process may be served. DE Corporate Services, Inc., 874 Walker DuPont Hwy., Dover, DE 19901. CT 06810. Certificate of LLC filed Corporate Creations Network Inc., addr. Of LLC: 160 Greentree Drive, Road, Ste. C, Dover, DE 19904. Arts. Name/address of each genl. ptr. with Secy of State of CT located at 3411 Silverside Rd., Rodney Bldg Suite 101, Dover, DE 19904. Arts. of of Org. filed with DE Secy. of State, available from SSNY. Cert. of LP filed Office of the Secy of State, State of #104, Wilmington, DE 19810. Arts. of Org. filed with DE Sec. of State, 401 Townsend Bldg., Dover, DE 19901. with DE Secy. of State, Townsend CT, 30 Trinity St. Hartford, CT 06115. Org. filed with DE Secy. of State, Federal St., Ste. 4, Dover, DE 19901. Purpose: any lawful activity. Bldg., Dover, DE 19901. Purpose: Purpose: any lawful acts. Townsend Bldg., Dover, DE 19901. Purpose: any lawful activity. any lawful activity. Purpose: any lawful activity. Notice of Formation of NUMBER Notice of Mediactive Group LLC filed Notice of Qualification of Stonepeak TWENTY LLC. Arts. of Org. filed with NOTICE OF QUALIFICATION OF with the Secy. of State of NY (SSNY) Notice of Qualification of HGI Real Associates LLC. Authority filed with Secy. of State of NY (SSNY) on Halcyon Management Acquisition on August 26, 2011. Office location: Estate, LLC. Authority filed with NY NY Dept. of State on 8/15/11. Office 9/9/11. Office location: NY County. Company LLC. App. for Authority filed New York County. SSNY designated Dept. of State on 8/4/11. Office location: NY County. Princ. bus. addr.: Princ. office of LLC: 149 Madison with the Sect. of State of NY (SSNY) as agent of LLC upon whom process location: NY County. LLC formed in 717 5th Ave., 14th Fl., NY, NY 10022. Ave., 7th Fl., NY, NY 10016. SSNY on 8/9/11. N.Y. Office Loc: NY County. against it may be served. SSNY shall DE on 6/24/11. NY Sec. of State LLC formed in DE on 7/26/11. NY Sec. designated as agent of LLC upon LLC formed in DE on 12/8/2009. SSNY mail process to: Barton Barton & designated agent of LLC upon whom of State designated agent of LLC upon whom process against it may be has been designated as agent of LLC Plotkin LLP, 420 Lexington Avenue, process against it may be served and whom process against it may be served served. SSNY shall mail process to upon process against it may be served 18th Floor, New York, New York. shall mail process to: CT Corporation and shall mail process to: c/o CT the LLC at the addr. of its princ. and shall mail process to: c/o Walkers Purpose: any lawful activity. System, 111 8th Ave., NY, NY 10011. Corporation System, 111 8th Ave., N Y, office. Purpose: Any lawful activity. Corporate Services Delaware Ltd. 200 DE address of LLC: 1209 Orange St., NY 10011, regd. agent upon whom Bellevue Pkwy, Ste 170, Wilmington, Name: RAREBIT STUDIO LLC Art. Wilmington, DE 19801. Cert. of process may be served. DE addr. of Notice of Formation of PACT13 LLC. DE 19809. DE addr. of LLC: 200 Of Org. Filed Sec. Of State of NY Form. filed with DE Sec. of State, LLC: c/o The Corporation Trust Co., Arts. of Org. filed with Secy. of State Bellevue Pkwy, Ste 170, Wilmington, 05/16/2011. Off Loc.: New Yok Co. 401 Federal St., Dover, DE 19901. 1209 Orange St., Wilmington, DE of NY (SSNY) on 9/8/11. Office loca- 19809. Cert. of Form. filed with DE SSNY designated as agent upon whom Purpose: any lawful activity. 19801. Cert. of Form. filed with DE Sec. tion: NY County. SSNY designated Sect. of State, PO Box 898, Dover, DE process against it may be served. of State, 401 Federal St., Dover, DE as agent of LLC upon whom process 19903. Purpose: any lawful activity. SSNY to mail copy of process to THE Notice of Formation of TWO HUSTLERS 19901. Purpose: any lawful activity. against it may be served. SSNY shall LLC C/O Nigel Warren, 184 East 2nd LLC. Arts. of Org. filed with Secy. of mail process to: 187 Lafayette St., FASHION FINDERS LLC, a domestic Street, Apt 5G, New York, NY 10009. State of NY (SSNY) on 8/17/11. NOTICE OF FORMATION of STORE- 4th Fl., NY, NY 10013. Purpose: any Limited Liability Company (LLC), filed Purpose: Any lawful act or activity. Office location: NY County. Princ. FRONT SCIENCE, LLC. Article of lawful activity. with the Sec of State of NY on 6/17/11. office of LLC: 29 Greene St., NY, NY Organization filed with Sec’y of State NY Office location: New York County. NOTICE OF FORMATION OF Blue 10013. SSNY designated as agent of of NY (SSNY) on 08/19/2011. Office SUTTON EQUITY INVESTMENTS SSNY is designated as agent upon Triple Eight LLC. Arts of Org filed with LLC upon whom process against it Location: NY County. SSNY has been LLC, a domestic LLC. Arts. of Org. whom process against the LLC may the Secy of State of NY (SSNY) on may be served. SSNY shall mail designated as agent of the LLC upon filed with the SSNY on 08/16/2011. be served. SSNY shall mail a copy of 06/24/11. Office loc: NY Cty. SSNY process to Davis Wright Tremaine whom process against it may be served. Office location: NY County. SSNY any process against the LLC served designated as agent upon whom LLP, 1633 Broadway, 27th Fl., NY, NY SSNY shall mail process to: The LLC, has been designated as agent upon upon him/her to The LLC, 425 E. 58th process may be served and shall mail 10019. Purpose: Any lawful activity. 730 Ft. Washington Ave, 6C, NY, NY whom process against the LLC may St., NY, NY 10022. General Purposes. process to: 1170 Peachtree St NE, 10040. Purpose: any lawful activities. be served. SSNY shall mail process Ste 1750, Atlanta, Georgia 30309. NOTICE OF FORMATION OF Tripp to: 411 E 53rd St. 6G, NY, NY 10022. Notice of Formation of EGA76, LLC. The principal business address: 415 Capital LLC. Arts of Org filed with the NOTICE OF FORMATION OF Classic Purpose: Any Lawful Purpose. Arts. of Org. filed with Secy. of State Washington St, Ste 1B, NY, NY Secy of State of NY (SSNY) on Art International LLC. Arts of Org of NY (SSNY) on 8/15/11. Office 10013. Purpose: any lawful acts. 7/21/11. Office location: NY County. filed with the Secy of State of NY NOTICE OF FORMATION OF location: NY County. Princ. office of SSNY has been designated as agent (SSNY) on 7/8/11. Office location: NY Eleanore T. Kim, M.D., PLLC. Arts of LLC: 1057 First Ave., NY, NY 10022. Notice of Formation of NORTH upon whom process may be served Cty. SSNY designated as agent upon Org filed with the Secy of State of SSNY designated as agent of LLC CHELSEA CONSTRUCTION COM- and shall mail a copy of any process whom process may be served and NY (SSNY) on 08/22/11. Office loc: upon whom process against it may be PANY, LLC. Arts. of Org. filed with to the principal business address: shall mail process to the principal NY Cty. SSNY designated as agent served. SSNY shall mail process to Secy. of State of NY (SSNY) on 125 E. 82nd St - 9th Fl, NY, NY business address: 3467 Eastchester upon whom process may be served Janet Giaimo Vitale at the princ. office 9/14/11. Office location: NY County. 10028. Purpose: any lawful acts. Road #6D; Bronx, NY 10469. and shall mail process to: 330 E 33rd of the LLC. Purpose: Any lawful activity. Princ. office of LLC: 60 Columbus St, Apt 3C, NY, NY 10016. Principal Purpose: any lawful acts. Circle, NY, NY 10023. SSNY designated Notice of Qualification of Ring Capital business address: 760 Park Ave, NY, as agent of LLC upon whom process NOTICE OF FORMATION OF Lyn-Genet LLC. App. for Auth. filed with Secy. NY 10021. Purpose: any lawful acts. against it may be served. SSNY shall NOTICE OF FORMATION OF MAXIM The Plan LLC. Arts of Org filed with of State of NY (SSNY) on 6/15/11. INSTITUTE, LLC. Articles of Org. filed mail process to c/o Corporation Office location: NY County. LLC NOTICE OF FORMATION OF Sue the Secy of State of NY (SSNY) on NY Secy. of State (SSNY) 7/6/2011, Service Co., 80 State St., Albany, NY formed in Delaware (DE) on 3/15/11. Panzer Consulting LLC. Arts of Org 7/11/11. Office loc: NY Cty. SSNY Office in NY Co. SSNY designated 12207. Purpose: Any lawful activity. SSNY designated as agent of LLC filed with the Secy of State of NY designated as agent upon whom agent of LLC upon whom process upon whom process against it may be (SSNY) on 8/8/11. Office loc: NY Cty. process may be served and shall mail Notice of Formation of Paradise may be served. SSNY shall mail copy served. SSNY shall mail process to: SSNY designated as agent upon process to the principal business Jerome, LLC. Articles of Org. filed of process to the LLC 41 Elizabeth 560 Lexington Ave., 16th Fl., NY, NY whom process may be served and address: United States Corporation with Secy. of State of NY (SSNY) on St, Ste 505, NY, NY 10013. Purpose: 10022. DE address of LLC: 615 South shall mail a copy of any process to Agents, Inc. 7014 13th Ave. Suite 202, 07/13/11. Office loc.: NY Co. SSNY any lawful act. Brooklyn, NY 11228. Purpose: any DuPont Hwy., Dover, DE 19901. Arts. the principal business address: 200 designated as agent of LLC upon of Org. filed with DE Secy. of State, W. 79th St, Apt. 15K, NY, NY 10024. lawful acts. whom process against it may be Notice of Formation of Golden Carrot Townsend Bldg., Dover, DE 19901. Purpose: any lawful acts. served. SSNY shall mail process to the Purpose: any lawful activity. Vending LLC. Arts. of Org. filed with STEVEN J. POSKAR M.D., PLLC, a LLC, c/o Robinson Brog, et al., Attn: Secy. of State of NY (SSNY) on Notice of Formation of Local domestic Professional Limited Neil S. Goldstein, Esq., 875 Third Ave., 8/15/11. Office location: NY County. Telecommunications Services - NY, Liability Company (PLLC), filed with 9th Fl, New York, NY 10022. Purpose: Notice of formation of DanceWorks SSNY designated as agent of LLC LLC. Arts. of Org. filed with Secy. of the Sec of State of NY (SSNY) on any lawful act or activity. New York City LLC, a foreign limited upon whom process against it may State of NY (SSNY) on 6/17/11. Office 8/16/11. NY office Location: New liability company. Authority filed with be served. SSNY shall mail process location: NY County. SSNY designated York County. SSNY is designated as Notice of Formation of ICER OF Secy of State of NY (SSNY) on c/o US Corp Agents Inc. to: 7014 as agent of LLC upon whom process agent upon whom process against 2159 FIFTH AVENUE LLC. Arts. of 07/21/11. Office location: New York 13th Ave., Ste 202, Brooklyn, NY against it may be served. SSNY shall the PLLC may be served. SSNY shall Org. filed with Secy. of State of NY County. LLC formed in Massachusetts 11228. Purpose: any lawful activity. mail process to: The LLC, 51 E. 42nd mail a copy of any process against (SSNY) on 6/29/11. Office location: (MA) on 06/16/11. SSNY designated St., Ste. 411, NY, NY 10017. the PLLC served upon him/her to NY Co. SSNY designated as agent as agent of LLC upon whom process Notice of Qualification of AAA ENERGY Purpose: any lawful activity. Steven Poskar, 901 5th Ave., NY, NY of LLC upon whom process against against it may be served. SSNY shall OPPORTUNITIES FUND LLC. Authority 10021. Purpose: Medicine. it may be served. SSNY shall mail mail a copy of any process to the filed with Secy. of State of NY (SSNY) Notice of Qualification of Krossover process to: The LLC, 1385 Broadway, principal business address: Attn: Lisa on 8/12/11. Office location: NY County. Entertainment, LLC. Fictitious name: Notice of Qualification of GENERAL 16th Fl., NY, NY 10018. Purpose: Mara, 124 Marlborough St. #7, Boston, LLC formed in Delaware (DE) on KOE LLC. Authority filed with Secy. of SMALL BUSINESS PARTNER, LLC. any lawful activities. MA 02116. Purpose: Dance company. 8/10/11. Princ. office of LLC: 1285 State of NY (SSNY) on 7/20/11. Office Authority filed with Secy. of State of Ave. of the Americas, NY, NY 10019. location: NY County. LLC formed in NY (SSNY) on 8/23/11. Office location: Notice of Qualification of Extract SSNY designated as agent of LLC Delaware (DE) on 8/10/05. SSNY NY County. LLC formed in Delaware Capital LP. Authority filed with NY Dept. upon whom process against it may be designated as agent of LLC upon (DE) on 3/17/11. Princ. office of LLC: of State on 8/24/11. Office location: served. SSNY shall mail process to: whom process against it may be c/o Healthcare Finance Group, LLC, NY County. LP formed in DE on 4/5/11. Advertise on c/o Corporation Service Co., 80 State served. SSNY shall mail process to: 199 Water St., 31st Fl., NY, NY 10038. NY Sec. of State designated agent of St., Albany, NY 12207, regd. agent Adam W. Rosen, Esq., 9454 Wilshire SSNY designated as agent of LLC LLC upon whom process against it upon whom and at which process may Blvd., Penthouse, Beverly Hills, CA upon whom process against it may be may be served and shall mail process www.crainsnewyork.com be served, as amended by Cert. of 90212. Principal office address: served. SSNY shall mail process to to the principal business addr.: 55 Change filed with SSNY on 8/23/11. 1880 Century Park E., Ste. 1600, the LLC at the addr. of its princ. office. Fifth Ave., Ste. 1702, NY, NY 10003. DE addr. of LLC: c/o Corporation Los Angeles, CA 90067. Address to DE addr. of LLC: c/o Corporation DE addr. of LP: c/o The Corporation Service Co., 2711 Centerville Rd., Ste. be maintained in DE: Corporation Service Co., 2711 Centerville Rd., Ste. Trust Co., 1209 Orange St., Call John Gallagher 400, Wilmington, DE 19808. Cert. of Trust Center, 1209 Orange St., 400, Wilmington, DE 19808. Cert. of Wilmington, DE 19801. Name/addr. Form. filed with DE Secy. of State, Div. Wilmington, DE 19801. Arts of Org. Form. filed with Secy. of State of DE, of genl. ptr. available from NY Sec. of of Corps., John G. Townsend Bldg., filed with the DE Secretary of State, Div. of Corps., John G. Townsend Bldg., State. Cert. of LP filed with DE Sec. @ 212-210-0189 401 Federal St., Ste. 4, Dover, DE PO Box 898, Dover, DE 19903. 401 Federal St., Ste. 4, Dover, DE of State, P.O. Box 898, Dover, DE 19901. Purpose: Any lawful activity. Purpose: any lawful activities. 19901. Purpose: Any lawful activity. 19903. Purpose: all lawful purposes.

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PUBLIC & LEGAL NOTICES

NOTICE OF QUALIFICATION of Notice of Qualification of U.S. Notice of Qualification of Top Hat Notice of Qualification of BNP Paribas Notice of Qualification of GP HOLDCO, Brightwood Capital SBIC I, LP. Residential Group LLC. Authority Photo Booths, LLC. Authority filed VPG Master, LLC. Authority filed with LLC. Authority filed with Secy. of Application for Authority filed with the filed with Secy. of State of NY (SSNY) with NY Dept. of State on 8/11/11. NY Dept. of State on 8/17/11. Office State of NY (SSNY) on 8/25/11. Secretary of State of New York (SSNY) on 8/8/11. Office location: NY County. Office location: NY County. Princ. location: NY County. Princ. bus. addr.: Office location: NY County. LLC on 08/16/2011. Office location: New LLC formed in Texas (TX) on 7/12/11. Bus. Address 19 Lockhart Ln., 787 7th Ave., NY, NY 10019. LLC formed in Delaware (DE) on 3/28/07. York County. LP formed in DE on SSNY designated as agent of LLC Pemaquid, ME 04558. LLC formed in formed in DE on 2/4/10. NY Sec. of SSNY designated as agent of LLC 03/14/2011. SSNY has been designated upon whom process against it may SD on 1/19/11. NY Sec. of State State designated agent of LLC upon upon whom process against it may as an agent upon whom process be served. SSNY shall mail process designated agent of LLC upon whom whom process against it may be be served. SSNY shall mail process against it may be served. The Post to: The LLC, 4100 Midway Rd., process against it may be served served and shall mail process to: c/o to c/o Corporation Service Co. Office address to which the SSNY shall Carrollton, TX 75007, also the prin- and shall mail process to: Robert B. CT Corporation System, 111 8th Ave., (CSC), 80 State St., Albany, NY mail a copy of any process against cipal office address and address to Lockhart, Sr., 19 Lockhart Ln., NY, NY 10011, regd. agent upon whom 12207, regd. agent upon whom and the LP served upon him/her is: c/o CT be maintained in TX. Arts of Org. Pemaquid, ME 04558. Articles of process may be served. DE addr. of at which process may be served. DE Corporation System, 111 Eighth filed with the TX Secretary of State, Organization filed with SD Sec. of LLC: 1209 Orange St., Wilmington, DE addr. of LLC: 2711 Centerville Rd., Avenue, New York, NY 10011. The 1019 Brazos, Austin, TX 78701. State, 500 E Capital Ave., Pierre SD 19801. Cert. of Form. filed with DE Sec. Ste. 400, Wilmington, DE 19808. principal business address of the LP Purpose: any lawful activities. 57501. Purpose: all lawful purposes. of State, 401 Federal St., Dover, DE Cert. of Form. filed with Secy. of is: 1221 Avenue of the Americas, 15th 19901. Purpose: all lawful purposes. State of DE, Townsend Bldg., Floor, New York, NY 10020. Delaware Notice of Formation of CHEN-FA- Notice of Formation of Fresco Capital Federal & York, Dover, DE 19901. address of LP: c/o The Corporation TSIN-CHU, LLC. Arts. of Org. filed Partners, LLC. Arts. of Org. filed Notice of Formation of Town 79th Purpose: Any lawful activity. Trust Company, 1209 Orange Street, with Secy. of State of NY (SSNY) on with Secy. of State of NY (SSNY) on Street, LLC. Arts. of Org. filed with Wilmington, DE 19801. Certificate of 9/26/11. Office location: NY County. 06/30/11. Office location: NY Secy. of State of NY (SSNY) on Notice of formation of CITY MASSAGE LP filed with Secretary of State of Princ. office of LLC: 1540 Second County. SSNY designated as agent 5/27/11. Office location: NY Co. SSNY THERAPY LLC. Articles of Organiza- Delaware located at: Federal and Duke Ave., NY, NY 10028. SSNY designated of LLC upon whom process against designated as agent of LLC upon tion filed with the Secretary of State of York Streets, Dover, DE 19901. as agent of LLC upon whom process it may be served. SSNY shall mail whom process against it may be of NY (SSNY) on 8/19/2011. Office Purpose: any lawful act or activity. against it may be served. SSNY shall process to LLC: 36 Sutton Place served. SSNY shall mail process to: location: NEW YORK County. SSNY mail process to Corporation Service South, Apt 8B, NY, NY 10022. c/o National Registered Agents, Inc., has been designated as agent upon GLENER HOLDINGS LLC, a domestic Co., 80 State St., Albany, NY 12207- Purpose: any lawful activity. 875 Ave. of the Americas, Ste. 501, whom process against it may be Limited Liability Company (LLC), filed 2543. Purpose: Any lawful activity. NY, NY 10001, also the registered served. The Post Office address to with the Sec of State of NY on 8/12/11. Notice of Formation of SM 64TH agent. Purpose: any lawful activities. which the SSNY shall mail a copy of NY Office location: New York County. Notice of Formation of Col Kagen STREET HOLDINGS LLC. Arts. of any process against the LLC served SSNY is designated as agent upon LLP. Cert. of Reg. filed with Secy. of Org. filed with Secy. of State of NY Notice of Formation of Partyology, upon him/her is: Beatrix Czagany, whom process against the LLC may State of NY (SSNY) on 9/16/11. Office (SSNY) on 8/5/11. Office location: NY LLC. Articles of Org. filed with Secy. 139 Fulton Street #208, New York, be served. SSNY shall mail a copy of location: NY County. Princ. office of County. SSNY designated as agent of State of NY (SSNY) on 04/27/11. NY 10038. Existence is Perpetual. any process against the LLC served LLP: 570 Lexington Ave., Ste. 1600, NY, of LLC upon whom process against Office loc.: NY Co. SSNY designated Purpose: any lawful act or activity. upon him/her to Regosin Edwards NY 10022. SSNY designated as agent it may be served. SSNY shall mail as agent of LLC upon whom process Stone & Feder, 225 Broadway, Ste. 613, of LLP upon whom process against it process to: c/o Cooley LLP, 1114 against it may be served. SSNY shall Notice of Qualification of Eyefly LLC. NY, NY 10007. General Purposes may be served. SSNY shall mail Ave. of the Americas, 46th Fl., NY, mail process to the LLC, c/o Authority filed with NY Dept. of State process to the LLP at the addr. of its NY 10036, Attn: Benjamin Pierson, Robinson Brog, et al., Attn: Marshall on 1/5/11. Office location: NY County. Notice of Formation of 1510 2nd princ. office. Purpose: Law practice. Esq. Purpose: any lawful activity. J. Gluck, Esq., 875 Third Ave, 9th Fl, LLC formed in DE on 1/4/11. NY Sec. Avenue LLC amended to BLDG 1510 New York, NY 10022. Purpose: any of State designated agent of LLC 2ND AVENUE LLC. Arts. of Org. filed Notice of Formation: Articles of Notice of Formation of Times Scare lawful act or activity. upon whom process against it may be with Secy. of State of NY (SSNY) on Organization of WEDONYC, LLC filed NYC LLC. Arts. of Org. filed with served and shall mail process to the 8/12/11. Office location: NY County. with the Sec’y of State of NY (SSNY) Secy. of State of NY (SSNY) on NOTICE OF FORMATION OF Answer principal business addr.: 42 W. 39th SSNY designated as agent of LLC on 8/15/11. Office location is NY 9/13/11. Office location: NY Co. SSNY Tree Genealogy, LLC. Arts of Org St., 9th Fl., NY, NY 10016. DE addr. of upon whom process against it may County. SSNY is Agent for Service of designated as agent of LLC upon filed with the Secy of State of NY LLC: The Corporation Trust Co., 1209 be served. SSNY shall mail process Process, copy of process to: 300 whom process against it may be (SSNY) on 8/11/11. Ofc. loc. NY Cty. Orange St., Wilmington, DE 19801. to: BLDG Management Co., Inc., 417 Madison Ave., Ste 1600, Toledo, OH served. SSNY shall mail process to: SSNY designated as agent upon Cert. of Form. filed with DE Sec. of Fifth Ave., 4th Fl., NY, NY 10016. 43604. Principal business office: Frank Cresci Jr., 300 W 43rd St., #400, whom process may be served and State, P.O. Box 898, Dover, DE 19903. Purpose: any lawful activity. 1133 Broadway, Ste 1308, N.Y., NY NY, NY 10036, also the registered shall mail process to the principal Purpose: all lawful purposes 10010. Purpose: any lawful activity. agent. Purpose: any lawful activities. business addr: Erin Verkhovsky Notice of Formation of CHELSEA Finelli, Answer Tree Genealogy, 1930 Notice of Formation of Toll GC II LLC. HOME 1 LLC. Arts. of Org. filed with HEALTHYUS, LLC Articles of Notice of Formation of Gotham Gas Broadway, Apt 16G, NY, NY 10023. Arts. of Org. filed with NY Dept. of Secy. of State of NY (SSNY) on 8/23/11. Organization filed with NY Sec. of & Electric LLC. Arts. of Org. filed with Purpose: any lawful acts. State on 8/8/11. Office location: NY Office location: NY County. Princ. State (SSNY) 7/26/2011. Office is Secy. of State of NY (SSNY) on County. Princ. bus. addr.: 250 office of LLC: 305 W. 16th St., 5G, NY, located in NY Co. SSNY designated 8/23/11. Office location: NY County. 7 WEST 129TH STREET, LLC Articles Gibraltar Rd., Horsham, PA 19044. NY 10011-5985. SSNY designated as agent of the LLC upon whom SSNY designated as agent of LLC of Org. filed NY Sec. of State (SSNY) Sec. of State designated agent of as agent of LLC upon whom process process may be served. SSNY shall upon whom process against it may 7/22/2011. Office in NY Co. SSNY LLC upon whom process against it against it may be served. SSNY shall mail copy of process to Attn: Henry be served. SSNY shall mail process desig. agent of LLC upon whom may be served and shall mail mail process to Corporation Service Eng, 175 W. 12TH St., #14J, NY, NY to: The LLC, 10115 E Bell Road, Ste. process may be served. SSNY shall process to: c/o CT Corporation Co., 80 State St., Albany, NY 12257- 10011. Purpose: Any lawful purpose. 107-405, Scottsdale, AZ 85260. mail copy of process to 2117 5th Ave., System, 111 8th Ave., NY, NY 10011. 2543. Purpose: Real estate. Purpose: any lawful activity. Apt. #3, NY, NY 10035, which is also Purpose: any lawful activity. the principal business location. Notice of Formation of Kyriaki Design Notice of Formation of 53 Broadway ML PRESERVATION PARTNERS, LLC, Purpose: Any lawful purpose. Notice of Qualification of MBD 2011 Group LLC. Arts. of Org. filed with Note LLC. Arts. of Org. filed with Secy. a domestic LLC. Arts. of Org. filed Holdings, L.P. App. for Auth. filed Secy. of State of NY (SSNY) on of State of NY (SSNY) on 8/8/11. with the SSNY on 06/23/2011. Office Notice of Qualification of PDT Capital with Secy. of State of NY (SSNY) on 8/4/11. Office location: NY County. Office location: NY County. SSNY location: NY County. SSNY has been Group, L.P. App. for Auth. filed with 7/11/11. Office location: NY County. SSNY designated as agent of LLC designated as agent of LLC upon designated as agent upon whom Secy. of State of NY (SSNY) on 7/1/11. LP formed in Cayman Islands (CI) on upon whom process against it may whom process against it may be process against the LLC may be Office location: NY County. LP formed 5/31/11. SSNY designated as agent be served. SSNY shall mail process served. SSNY shall mail process to: served. SSNY shall mail process to: in Delaware (DE) on 10/14/10. SSNY of LP upon whom process against it to: The LLC, 44-02 23rd St., 508, c/o The LLC, 711 Fifth Ave., NY, NY Keith Chan Peter Lau Wallace designated as agent of LP upon whom may be served. SSNY shall mail Long Island City, NY 11101. 10022. Purpose: any lawful activity. Giakas, 48 Wall St, 11th Fl, NY, NY process against it may be served. process to: 200 West St., NY, NY Purpose: any lawful activity. Notice of Formation of RHAPSODIE 2, 10005. Purpose: Any Lawful Purpose. SSNY shall mail process to: 1585 10282. CI address of LP: Maples Broadway, 9th Fl., NY, NY 10036, Corporate Services Ltd., P.O. Box NOTICE OF FORMATION of SMART LLC. Arts. of Org. filed with Secy. of Attn: Dede Welles. DE address of LP: 309, Ugland House, Grand Cayman, AGE SOLUTIONS, LLC. Articles of Org. State of NY (SSNY) on 9/19/11. Office Name of LLC: Fit Connect Media 1209 Orange St., Wilmington, DE KY1-1104, CI. Name/address of each filed with Secy. of State of NY (SSNY) location: NY County. Princ. office of LLC. Arts. of Org. filed with NY Dept. 19801. Name/address of each genl. genl. ptr. available from SSNY. Cert. of on 05/06/11. Office location: New York LLC: Sanders Ortoli Vaughn-Flam of State: 9/9/11. Office loc.: NY Co. ptr. available from SSNY. Cert. of LP LP filed with Registrar of Exempted County. SSNY designated as agent of Rosenstadt LLP, 501 Madison Ave., Sec. of State designated agent of LLC filed with DE Secy. of State, P.O. Box LPs, Elizabethan Sq., 4th Fl., Phase LLC upon whom process against it may 14th Fl., NY, NY 10022-5616. SSNY upon whom process against it may 898, Dover, DE 19903. Purpose: any Four, George Town, Grand Cayman, be served. SSNY shall mail process designated as agent of LLC upon be served and shall mail process to: lawful activity. CI. Purpose: any lawful activity. to: Emmanuel Raheb, 1212 Avenue whom process against it may be c/o Jessica Underhill, 322 E. 85th St., of the Americas, New York, NY 10036. served. SSNY shall mail process to Apt 2B, NY, NY 10028, regd. agt. Purpose: Any lawful activity. the LLC at the addr. of its princ. upon whom process may be served. office. Purpose: Any lawful activity. Purpose: any lawful act. Place your business card in Crain’s Business Notice of Qualification of WorkflowOne LLC. Authority filed Notice of Qualification of IndCor Notice of Qualification of West Village Connection and reach New York City’s with Secy. of State of NY (SSNY) on Management - Allagash, L.P. Authority Residences LLC. Authority filed with Top Level Executives 3/4/11. Office location: NY County. filed with NY Dept. of State on 8/5/11. Secy. of State of NY (SSNY) on LLC formed in Delaware (DE) on Office location: NY County. Princ. bus. 9/12/11. Office location: NY County. 2/1/11. Princ. office of LLC: 220 E. addr.: 2 N. Riverside Plz., Ste. 2100, LLC formed in Delaware (DE) on Monument Ave., Dayton, OH 45402. Chicago, IL 60606. LP formed in DE 9/9/11. SSNY designated as agent of SSNY designated as agent of LLC on 5/23/11. NY Sec. of State designat- LLC upon whom process against it upon whom process against it may be ed agent of LP upon whom process may be served. SSNY shall mail Don’t miss served. SSNY shall mail process to against it may be served and shall process to: c/o Rudin Management c/o Corporation Service Co., 80 State mail process to: CT Corporation Co. Inc., 345 Park Ave., 33rd Fl., NY, Book of Lists! St., Albany, NY 12207-2543. DE addr. System, 111 8th Ave., NY, NY 10011. NY 10154, Attn: William C. Rudin. of LLC: 2711 Centerville Rd., Ste. 400, DE addr. of LP: The Corporation Trust Address to be maintained in DE: c/o Wilmington, DE 19808. Cert. of Form. Co., 1209 Orange St., Wilmington, DE National Registered Agents, Inc., 160 filed with DE Secy. of State, Div of 19801. Name/addr. of genl. ptr. avail- Greentree Dr., Ste. 101, Dover, DE Corps., Townsend Bldg., Dover, DE able from NY Sec. of State. Cert. of 19904. Arts of Org. filed with the DE 19901. Purpose: Managed print and LP filed with DE Sec. of State, 401 Secretary of State, Federal & Let Crain’s New York Business promotional marketing services; Federal St., Dover, DE 19901. Lockerman Streets, Dover, DE 19901. help you secure new clients in 2011. document solutions and services. Purpose: all lawful purposes. Purpose: any lawful activities.

26 | Crain’s New York Business | October 10, 2011 20111010-NEWS--0027-NAT-CCI-CN_-- 10/6/2011 7:26 PM Page 1

FOR THE RECORD

in grades prekindergarten through 12 to additional 9,400 square feet at 680 Fifth ● EXLService Holdings Inc. (EXLS) increase opportunities for educational Ave., bringing its total stake to 22,100 Oak Hill Capital Partners sold enrichment. A preproposal conference ABOUT THIS SECTION square feet. The firm will occupy the 2,925,000 shares of common stock at will be held Monday, Oct. 24, from 10 entire 11th floor. Cushman & Wakefield $23.00 on Sept. 19, in a transaction FOR THE RECORD is a weekly listing of information from the public record that a.m. to 12 p.m. at Brooklyn Borough Inc.’s David Berke represented the worth $67,275,000. It now indirectly Hall, 209 Joralemon St., courtroom, can help businesspeople in the New York area find opportunities, potential tenant, while CB Richard Ellis Group holds 7,353,940 shares. Brooklyn. To make inquiries, contact new clients and updates on competitors. Inc.’s Brian Hay and Brian Gell [email protected]. To ask questions or get more information on this section, contact Suzanne represented the landlord, Lodz ● Tiffany & Co. (TIF) Panara at [email protected]. ● Department of Sanitation Properties. The asking rent for higher Peter W. May, independent director, Seeks competitive sealed bids by 11 a.m. floors in the tower is in the $70s per sold 400,000 shares of common stock on Oct 20 for the removal, storage and square foot. at $71.68 on Sept. 27, in a transaction disposal of derelict passenger vehicles worth $28,671,160. He now directly from Brooklyn.To make inquiries, ● Georland Corp. signed a lease for holds 4,681,990 shares. BANKRUPTCIES $2,000,000; and H.H. Benfield, owed contact Keith Woods by phone at (718) 1,200 square feet at 140 W. 57th St. The $385,000. 642-4309 or by fax at (718) 642-3250. firm will occupy space on the fourth John M. King, executive vice president, The following listings are selected from the floor. Bertrand De Soultrait of New exercised options on 31,000 shares of most recent available filings by companies ● Health and Hospitals Corp. York Commercial Real Estate Services common stock at $23.00 on Sept. 27, seeking bankruptcy protection in the GOVERNMENT CONTRACT Seeks competitive sealed bids by 2 p.m. represented both the tenant and the in a transaction worth $713,000. On Southern and Eastern Districts of New OPPORTUNITIES on Oct. 21 for a supply of various Hologic landlord, the Feil Organization. The the same day, he sold 31,000 shares of York. Information was obtained from U.S. needles and biopsy markers.To make asking rent was $4,200 per month. common stock at $72.75, in a Bankruptcy Court records available on Following are selected contract inquiries, contact Boris Goltzman at transaction worth $2,255,259. He Public Access to Court Electronic Records. opportunities recently announced by New (718) 883-6000 or [email protected]. now directly holds 18,065 shares. Listings are in alphabetical order. York City agencies.To learn how to sell STOCK TRANSACTIONS goods and services to city government, visit ● Human Resources Administration ● Bristol-Myers Squibb Co. (BMY) ● 122 Dong www.nyc.gov/selltonyc. For a searchable Seeks competitive sealed bids by 3 p.m. Following are recent insider transactions at James M. Cornelius, chairman, exercised 118 Kelly Blvd., Staten Island database of current procurement notices, on Oct. 19 for heavy-duty residential New York’s largest publicly held companies options on 500,000 shares of common Filed for Chapter 7 bankruptcy visit www.nyc.gov/cityrecord. Listings are cleaning services as needed in filed with the Securities and Exchange stock at $17.51 on Sept. 26, in a protection on Sept. 27. The filing cites alphabetical by category and department. Manhattan. To make inquiries, contact Commission by executives and major transaction worth $8,755,000. estimated liabilities of $0 to $50,000 and Donna Wilson at (212) 331-3457 or shareholders. Listings are in order of estimated assets of $0 to $50,000. CONSTRUCTION SERVICES [email protected]. transaction value.The information was ● New Castle Investment Corp. (NCT) Among the creditors with the largest ● Brooklyn Bridge Park Corp. obtained from Thomson Reuters. Wesley R. Edens, chairman, purchased unsecured claims are Hilco Requests proposals by 12 p.m. on Oct. ● Triborough Bridge and Tunnel Authority 790,000 shares of common stock at Receivables/Equable Ascent, owed 28 for the provision of general Seeks competitive sealed bids by 3 p.m. ● Jefferies Group Inc. (JEF) $4.55 on Sept. 22, in a transaction worth $6,907; Chase, owed $5,815; and construction services for Brooklyn on Oct. 18 for a vendor to supply orange Ian M. Cumming, independent director, $3,594,500. He now directly holds Applied Card Bank, owed $2,890. Bridge Park Pier 5, Picnic Peninsula and T-shirts. To make inquiries, contact purchased 2,000,000 shares of common 2,898,090 shares. Pier 5 Uplands. To make inquiries, Victoria Warren at (646) 252-7092 or stock at $12.58 on Sept. 22, in a ● Citibuds Inc. contact Chris Burke at (212) 661-6624 [email protected]. transaction worth $25,160,000. He now ● Bed Bath & Beyond Inc. (BBBY) 65-35 Austin St., Queens or [email protected] indirectly holds 56,525,000 shares. Matthew F. Fiorilli, senior vice Filed for Chapter 7 bankruptcy president, stores, sold 40,000 shares of protection on Sept. 30. The filing cites ● Department of Citywide Administrative REAL ESTATE DEALS Richard B. Handler, chairman, chief common stock at prices ranging from estimated liabilities of $50,001 to Services executive and president, sold 2,000,000 $57.55 to $58.85 between Sept. 23 $100,000 and estimated assets of $0 to Seeks competitive sealed bids by 11:30 Companies that would like to have recent shares of common stock at $12.58 on and Sept. 26, in a transaction worth $50,000. Among the creditors with the a.m. on Oct. 26 for the installation of transactions appear in these listings should Sept. 22, in a transaction worth $2,324,845. He now directly holds largest unsecured claims are American chain-link fencing citywide. This is a email descriptions following this format $25,160,000. He now directly holds 164,868 shares. Express, owed $40,000; Community three-year contract. Bid documents can to [email protected], 12,006,300 shares. Realty Corp.-Austin, owed $14,000; and be obtained for free when downloaded with “Real estate transaction” in the ● Cognizant Technology Solutions Corp. American Flower Group, owed $10,000. from the City Record online at subject line, or enter them online at Leucadia National Corp. purchased (CTSH) www.nyc.gov/cityrecord, or they can be crainsnewyork.com/submitadeal. Deals are 2,000,000 shares of common stock at Chandrasekaran Ramakrishnan, ● Dame Contracting Inc. obtained in person for a $35 charge at listed in order of square footage. $12.58 on Sept. 22, in a transaction president and managing director, 11170 Old Sound Ave., Mattituck, L.I. 1 Centre St., room 1860 north, worth $25,160,000. It now indirectly global delivery, exercised options on Filed for Chapter 11 bankruptcy Manhattan. To make inquiries, contact COMMERCIAL holds 56,506,000 shares. 17,000 shares of common stock at protection on Sept. 27.The filing cites Louis Pastore at (212) 669-8557 or ● Huron Consulting signed a lease for $2.88 on Sept. 27, in a transaction estimated liabilities of $1,000,001 to $10 [email protected]. 29,000 square feet at 40 Wall St. The firm Joseph S. Steinberg, independent worth $48,960. On the same day, he million and estimated assets of $100,001 will occupy the entire 20th floor. Jones director, purchased 2,000,000 shares of sold 17,000 shares of common stock to $500,000. Among the creditors with ● Department of Design and Construction Lang LaSalle’s Lisa Kiell represented common stock at $12.58 on Sept. 22, in at $66.51, in a transaction worth the largest unsecured claims are Kamco Seeks competitive sealed bids by 2 p.m. the tenant, while Cushman & Wakefield a transaction worth $25,160,000. He $1,130,670. He now directly holds Supply Corp., owed $207,097.33; New on Nov. 10 for the replacement of three Inc.’s Jeffrey Lichtenberg represented now indirectly holds 56,524,800 shares. 72,372 shares. Ⅲ York State Department of Taxation & air-handling units at the New York Hall the landlord, The Trump Organization. Finance Bankruptcy Unit, owed of Science in Queens. Bid documents The asking rent was $35 per square foot. $121,743.96; and Empire State are available for a fee of $35 by company Carpenters, owed $69,451.23. check or money order only.There will be ● Universal Maritime Inc. signed a five- DEALS ROUNDUP an optional prebid conference on Friday, year lease for 5,200 square feet at 545 ● Gelin Food Corp. Oct. 21, at 10 a.m. at the Hall of Madison Ave. The firm will occupy space 1284 Hicksville Road, Seaford, L.I. Science, located at 47-01 111th St. To on the ninth floor. Newmark Knight TRANSACTION SIZE Filed for Chapter 11 bankruptcy protec- make inquiries, contact Ben Perrone at Frank’s Brian Canella and Rob SELLER/TARGET (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE tion on Sept. 29.The filing cites esti- (718) 391-2614. Eisenberg represented the tenant, while GSO Capital Partners $775.0 Toyo Seikan Kaisha Ltd. SB M&A mated liabilities of $500,001 to $1 mil- CB Richard Ellis Group Inc.’s Robert (Manhattan)/ lion and estimated assets of $0 to $50,000. ● Department of Education Flippin, Paul Milunec, Gregg Rothkin Stolle Machinery Inc. Among the creditors with the largest Seeks competitive sealed bids by 4 p.m. and Sloane Rhulen represented the SourceMedia Inc. $533.9 Bankersalmanac.com SB M&A unsecured claims are Sann Yam, owed on Nov. 2 for lead-based paint landlord, LCOR. The asking rent was in (Manhattan)/ $334,000; Advance America Capital, inspection, sampling, testing and the $70s per square foot. Accuity Inc. owed $30,000; and LIPA, owed $12,000. analysis in various school buildings and ABRY Partners/ $500.0 Welsh Carson Anderson FB M&A leased premises throughout the five ● Three Oceans Partners signed a Triple Pint Technology Inc. & Stowe (Manhattan) ● Sassano Properties Inc. boroughs. For all questions, please email sublease for 3,100 square feet at 551 DIM Vastgoed N.V./ $473.1 Blackstone Real Estate Advisors SB M&A 6 North Lawn Ave., Elmsford, [email protected]. Bids will be Madison Ave. The firm will occupy the 36 shopping centers (Manhattan) Westchester opened on Nov. 3 at 11 a.m. entire 38th floor. CB Richard Ellis Not disclosed/ $202.7 Goldman Sachs Group, merchant GCI Filed for Chapter 11 bankruptcy Group Inc.’s Roger Griswold and ReNew Wind Power banking division protection on Sept 20. The filing cites ● Department of Parks and Recreation Arkady Smolyansky represented the Pvt. Ltd. estimated liabilities of $500,001 to $1 Seeks competitive sealed bids by 10:30 tenant, while George Relyea, also of CB Shorenstein Co., $164.0 J.P. Morgan Asset Management Inc. SB M&A million and estimated assets of $500,001 a.m. on Oct. 28 for the installation of a Richard Ellis, represented the Stiles Corp./ (Manhattan) to $1 million. Among the creditors with community eco-dock at the 69th Street sublandlord, American Industrial Bank of America Plaza the largest unsecured claims are pier in Brooklyn. Bid documents are Partners. The asking rent was $45 per at Las Olas City Centre Universal Alarm & Systems, owed available for a fee of $25 in the blueprint square foot. Not disclosed/ $134.5 One Equity Partners GCI $5,138; and Westchester School Rental, room, Olmsted Center, Flushing Nippon Gas Co. (Manhattan) owed $650. Meadows Corona Park, Queens, from ● Gourmet Café to Go signed a 15-year Banco Popular $134.0 Goldman Sachs & Co. (Manhattan), SB M&A 8 a.m. to 3 p.m. The fee is payable by lease for 2,500 square feet at 949-969 de Puerto Rico/ Caribbean Property Group (Manhattan), ● SMC Electrical Contracting Inc. company check or money order to the Eighth Ave., the Hearst Tower. Newmark Banco Popular de East Rock Capital (Manhattan) 641 Lexington Ave., Manhattan City of New York, Parks and Recreation. Knight Frank’s Ross Kaplan and Jason Puerto Rico, portfolio of construction and Filed for Chapter 11 bankruptcy To make inquiries, contact Juan Pruger represented the tenant, while CB commercial real estate protection on Sept. 30. The filing cites Alban at (718) 760-6771 or Richard Ellis Group Inc.’s Richard loans (75.1%) estimated liabilities of $1,000,001 to [email protected]. Hodos, David LaPierre, Sean Moran $10 million and estimated assets of and Stephen Sjurset represented the Selected deals announced for the week ended Oct. 2 involving companies in metro New York. FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing $1,000,001 to $10 million. Among the GOODS AND SERVICES landlord, The Hearst Corp. The asking shares of a company with the participation of a financial buyer. GCI: Growth capital invest- ● creditors with the largest unsecured Department of Education rent was $200 per square foot. ment represents new money invested in a company for a minority stake. SB M&A: Strategic claims are Meditron Fundamental Value Requests proposals by 1 p.m. on Nov. 21 buyer M&A represents a minority or majority acquisition of existing shares of a company with- Growth Real Estate Partners, owed from organizations experienced in RETAIL out the participation of a financial buyer. source: capitaliq $2,500,000; Walter Gerasimowicz, owed providing direct student support services ● La Prairie Inc. signed a lease for an

October 10, 2011 | Crain’s New York Business | 27 20111010-NEWS--0028-NAT-CCI-CN_-- 10/7/2011 1:32 PM Page 1

packaged. It’s then shipped to New how the agency could procure more York. local produce at competitive prices. Push for local produce in schools “We could supply lettuce from Pat Russo, owner of Chef ’s our farm for at least five months out Choice in Flatbush,Brooklyn—one Continued from Page 1 nutritious and better-tasting than the city in July and found the prop- of the year, and the rest of the year of the four SchoolFood distribu- “I feel very positive that we could items shipped long distances and erties he inspected. She has urged we could source it from other East tors—credits Ms.Karp with finding make this work,” Mr. Dagele said. stored in a warehouse for days. Sup- him to bid on the vendor contract. Coast vendors,” said Mr. Dagele. cost-efficient New Jersey farms for The DOE is pressuring its dis- porting local growers also satisfies Also this summer, Councilwoman Before he can be considered for some of the peaches and nectarines tributors, which have focused pri- sustainability initiatives and boosts Gale Brewer,D-Manhattan,organ- a vendor contract, however, Mr. he buys. marily on buying the cheapest avail- upstate economies. ized a tour for state and city officials Dagele needs a processing opera- A family-owned business that able food that meet certain Experts point out that students of upstate farms, including Dagele tion. began working with DOE in the requirements,to expand their prior- consume 30% to 50% of their daily Brothers,to showcase their ability to It is a problem many farmers 1970s, Chef ’s Choice is responsible ities to include purchasing the calories at school but that price, supply the city government with face, according to Ms. Brewer. “We for schools in Staten Island. The freshest products. It may even rather than quality, determines fresh produce. can grow enough food for 900,000 contract represents a third of the choose one distributor to procure what they are offered to eat. The The impetus for their efforts was students in New York state,” she company’s revenues. Though Mr. only produce. In the current DOE awards business to the low- to influence how the SchoolFood said. “But we lack the facilities to Russo says the DOE is encouraging arrangement, four distributors buy est bidders—usually large suppli- clean and package the produce.” distributors to source food locally, and deliver all the food—from car- ers—as dictated by the federal and they can choose their produce sup- rots to pizza to juice boxes—served state governments,which subsidize Food grown here Coaching farmers pliers. in the city’s schools. school food programs. But there’s a Assisting locals to do business That may change with the new growing realization that local is more with the city is a major focus of the contracts. Local-food advocates A golden opportunity farmers can successfully compete state’s Department of Agriculture want DOE to select one distributor One of the largest government against large, out-of-state growers. nutritious and and Markets. specializing in produce.The current purchasers of food in the nation, the “We are working with our dis- “It’s our job to wake up the group of distributors, which buy DOE’s SchoolFood program pro- tributors to buy more locally,” said a tastes better agricultural community to the op- everything from paper goods to dry vides nearly 900,000 meals a day.Its DOE spokeswoman. This year, portunities that now exist,” said cereal, are not experts in sourcing purchases include 400,000 pounds more than a third of what the agency Robert Lewis, the department’s produce. of romaine,4,000 pounds of cucum- spent on produce and dairy items special assistant for market develop- “We have our buyers who are try- bers and 99,000 pounds of broccoli, went to producers within 250 miles ment. ing to contact local growers, but it’s representing a major opportunity of the city. RFPs are drafted. They are expect- Mr. Lewis helped a New York difficult,” Mr. Russo conceded. for growers. Leaders here are pushing hard ed to go out in December. dairy cooperative win a bid against A DOE spokeswoman con- Alarmed by rising obesity rates for further change. City Council “If we don’t start now, we won’t Dannon several years ago to supply firmed that the agency is consider- among children, public figures Speaker Christine Quinn’s Food- be able to effect change,” said Ms. nonfat yogurt to city schools. Ap- ing a single-produce contract. ranging from first lady Michelle Works initiative provided a blue- Reyna. ples are another local success. “I see an enormous commitment Obama to local elected officials be- print for improving access to locally The council members’ goal is to SchoolFood spends about $4 by the leadership at SchoolFood to lieve that the DOE can help reverse grown food, encouraging urban help local growers vie with vendors million a year on New York-grown doing things new ways,” said Ms. the trend by making more healthful agriculture, and decreasing food such as Salinas, Calif.-based Taylor Empire apples, according to food Karp. Ⅲ food available to kids. Locally waste and energy use. Farms, which supplies city schools consultancy Karp Resources. The grown produce is seen as an impor- Councilwoman Diana Reyna, with romaine via a Maryland facili- DOE hired the firm, headed by LISTEN to a discussion at tant part of the solution, as it’s more D-Brooklyn, invited Mr. Dagele to ty, where the lettuce is washed and Karen Karp, in 2006 to evaluate CrainsNewYork.com/podcasts

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28 | Crain’s New York Business | October 10, 2011 20111010-NEWS--0029-NAT-CCI-CN_-- 10/7/2011 8:40 PM Page 1

STATEMENT OF OWNERSHIP, favoring an out-of-towner at the ex- MANAGEMENT AND CIRCULATION pense of local institutions. And New bids in tech campus race adding more than one campus (Required by 39 U.S.C. 3685) 1. Publication Title: Crain’s New York Business would help the city build a critical 2. Publication No.: 000-209 3. Filing Date: 9-30-11 Continued from Page 1 the university’s business, journal- production business.” mass of applied sciences programs, 4. Issue Frequency: Weekly, except combined issues ize on the $100 billion market for ism, engineering, international and Applications are due Oct. 28. reflecting the mayor’s vision of a tech 5th wk of June & 1st wk of July, 5th wk of Aug, & 1st wk of September and the 3rd & 4th wks of technologies that make cities more business schools. City officials have not ruled out se- sector that rivals Silicon Valley’s. December. efficient. 5. No. of Issues Published Annually: 49 “These are areas in which we al- lecting more than one winner, and 6. Annual Subscription Price: $99.95 NYU’s partners in its proposed ready have lots of installed capacity the emergence of plans for sites oth- Bids seen as complementary 7. Complete Mailing Address of Known Office of Publication: 711 Third Avenue, New York, NY 10017- Center for Urban Science and and are thinking of expanding,” said er than Roosevelt Island raises the “I want a new player here,” said 4036, New York County Progress include the City Universi- John Coatsworth, interim provost possibility that the city might select NYU President John Sexton. “I’ve 8. Complete Mailing Address of Headquarters or General Business Office of Publisher: 711 Third Avenue, ty of New York, Carnegie Mellon, and dean of Columbia’s School of two or more. been encouraging Stanford since New York, NY 10017-4036 the University of Toronto, the Uni- International Public Relations. “We’re going to look at the vari- February to come into this. I’m de- 9. Full Names and Complete Mailing Addresses of Publisher, Editor, and Managing Editor: Publisher, Jill versity of Warwick in the United Both Columbia and NYU say ous proposals and evaluate them lighted Cornell is in this. We have Kaplan, 711 Third Avenue, New York, NY 10017- Kingdom and the Indian Institute their tech campuses are designed to against the resources we have,” Mr. different ideas that aren’t in compe- 4036; Editor, Xana Antunes, 711 Third Avenue, New York, NY 10017-4036; Managing Editor, Glenn of Technology, Bombay. Industry accelerate and beef up programs Pinsky said.“Whatever we think we tition with each other. They com- Coleman, 711 Third Avenue, New York, NY 10017- players including IBM,Consolidat- that they would develop even if Mr. can responsibly complete plement each other.” 4036. 10. Owner (if owned by a corporation, its name and ed Edison, Siemens and Cisco Sys- Bloomberg hadn’t launched the ap- within the time left in the Mr. Sexton added: “The address must be stated and also immediately thereafter tems are participating in the appli- plied sciences initiative earlier this mayor’s administration that 2013 smart public process is to the names and addresses of stockholders owning or holding 1 percent or more of total amount of stock. If cation. NYU will put forward a year. generates maximum eco- MAYOR identify good ideas and get not owned by a corporation, the names and addresses 450,000-square-foot campus at 370 Carnegie Mellon’s bid, aimed at nomic impact, that’s what Bloomberg’s last them all. This isn’t a point of the individual owners must be given. If owned by a year, in which partnership or other unincorporated firm, its name Jay St., an underutilized city-owned making the city a production pow- we’re going to do.” schools should where you say basta, and address, as well as that of each individual must be break ground given. If the publication is published by a nonprofit building—across the street from erhouse, is altogether different. Pat- The benefits of selecting enough.” organization, its name and address must be stated.) Polytechnic Institute of NYU— terned loosely on partnerships the multiple winners are clear.It But there are hitches in (Item must be completed.): Crain Communications Inc. 1155 Gratiot Avenue, Detroit, MI 48207-2997; K. E. that is leased to the Metropolitan university has with Disney and wouldn’t cost the administration the multiple-winner scenario. Get- Crain, 1155 Gratiot Avenue, Detroit, MI 48207-2997. Transportation Authority. Google in its home city of Pitts- more up-front; the city could split ting two or more campuses going R. E. Crain, 711 Third Avenue, New York, NY 10017- 4036; “We want to partner with city burgh, the plan calls for collaborat- the $100 million it has set aside for before the mayor leaves office at the 11. Known bondholders, mortgagees and other agencies, understand the problems ing with Steiner Studios to build an infrastructure upgrades among the end of 2013 would be challenging. security holders owning or holding 1 percent or more of total amount of bonds, mortgages or other securi- of the city and use the city as a labo- entertainment technology center winners. And a second campus And it could divert attention and re- ties: None. ratory so we can prototype solu- adjacent to Steiner’s home at the would bring economic activity not sources away from what is sure to be 12. For completion by nonprofit organizations authorized to mail at special rates. The purpose, func- tions,” said Paul Horn, NYU’s sen- Brooklyn Navy Yard.The site is one just to Roosevelt Island but also po- a massive undertaking on Roosevelt tion, and nonprofit status of this organization and the ior vice provost for research. of three the city pitched to prospec- tentially to a less isolated location, Island—a campus so costly to build exempt status for Federal income tax purposes (Check one). Columbia, which is flying solo, tive applicants in its request for pro- like downtown Brooklyn or Man- and run that it would be a money- ❏ Has Not Changed During Preceding 12 months wants to build a 1 million-square- posals. hattanville. loser for years. ❏ Has Changed During Preceding 12 months. foot data science institute on its If a tech campus were integrated “With respect to whether we’d (If changed, publisher must submit explanation of Transformational plans change with this statement) emerging Manhattanville campus, into a neighborhood, synergies choose more than one partner, it’s 13. Publication Name: Crain’s New York Business north of West 130th Street, be- “I think it’s a really good fit, con- might develop with existing busi- very hard to say without seeing the 14. Issue Date for Circulation Data Below: September 26, 2011 tween 12th Avenue and Broadway. sidering all the mayor has done in nesses, said Adam Friedman, direc- proposals and what resources they’re 15. No. Two new buildings would be con- growing the production business in tor of the Pratt Center for Commu- asking for, and matching that Copies of Average No. Single structed, and an old auto factory New York City,” said Douglas nity Development. against the resources the city has,” Copies Issue would be refurbished. The center Steiner, chairman of Steiner Stu- Selecting NYU or Columbia in Mr. Pinsky said. Ⅲ Each Issue Published Extent and During Nearest to would focus on new media, smart dios.“If we can bring Carnegie Mel- addition to one of the Roosevelt Is- Nature of Preceding Filing cities, cybersecurity, finance and lon … I think we forever change the land applicants would also insulate LISTEN to a discussion at Circulation 12 Months Date CrainsNewYork.com/podcasts A. Total No. Copies health analytics, and would involve relative weight of New York in the the mayor from criticism that he was (Net Press Run) 47,351 50,363 B. (1) Paid/ Requested Outside-County Mail Subscriptions ing $5.8 million in losses via invest- Stated on ments with giga-fraudster Bernard Form 3541. Hedge-fund phenom made it up Madoff, according to the Mr. Blu- (Include advertisers menfeld, the charity’s chairman. proof and exchange copies 15,557 15,317 Continued from Page 1 action, however, for him to notice Such marketing won over Rick Mr. Ribotsky’s career ran into (2) Paid In-County action,the agency alleged that most that big money was starting to flow Felson, a 65-year-old retired insur- difficulties at about the same time Subscriptions (Include of Mr. Ribotsky’s investment gains to hedge funds. In 1999, he decided ance broker. He invested his life sav- the charity did in late 2008. For advertiser’s over the years were simply made up. to jump in,forming his own Roslyn, ings, more than half a million dol- years, he’d specialized in making proof and exchange copies) 15,337 15,587 He may yet face criminal charges. L.I.-based fund, NIR lars, with Mr. Ribotsky in loans to tiny, struggling public com- (3) Sales Through Mr. Ribotsky didn’t return calls Group. At its apogee, his 2005. panies,credits that could be convert- Dealers and Carriers, Street for comment. But some associates firm managed nearly “He was an individual ed into shares he could then sell for Vendors, Counter Sales, and Other are sticking by him. $900 million,and Mr.Ri- who had contacts with a profit. Non-USPS Paid “Corey has been an excellent botsky personally raked in wealthy people, and I Distribution 400 422 As if by magic (4) Other Classes leader and unbelievable member of $126 million in fees over thought I’d make money, Mailed Through the charity,”said Children’s Medical the years. too,”said Mr.Felson,who It was a strategy that always car- the USPS 0 1 C. Total Paid and/or Fund Chairman David Blumenfeld, “To understand who lost his entire investment. ried the risk that Mr.Ribotsky could Requested adding that the group hasn’t looked he is, know that the Some of Wall Street’s end up holding a pile of shares in lit- Circulation [Sum of 15b. (1), into the SEC’s allegations. florist at his wedding heaviest hitters were also tle-known companies, stocks for (2), (3), and (4)] 31,294 31,327 In retrospect, Mr. Ribotsky was sued him for not paying,” wowed. In 2006—near which there was no market. He got D. Free or Nominal Rate Distribution: always one of the more unlikely said Ernest Badway, an the giddy peak of the around that problem—and generat- (by mail and outside mail) Corey Ribotsky (1) Free or Nominal Rate hedge fund stars to emerge during attorney who has repre- market—none other than ed most of his returns—by simply Outside-County Copies included on PS last decade’s frenzy. He graduated sented several companies mighty Merrill Lynch writing up the purported value of his Form 3541 11,914 6,926 from SUNY Stony Brook with a that have done business with Mr. tapped Mr. Ribotsky to manage a holdings each year rather than actu- (2) Free or Nominal Rate In-County Copies B.A. but never completed his stud- Ribotsky. $1.5 billion collateralized debt obli- ally selling them in the market for included on PS Form 3541 1,646 9,696 To lift himself above his undis- gation. The CDO, called Norma, is cash, according to the SEC. (3) Free or Nominal Rate tinguished past, Mr. Ribotsky under SEC investigation. Mr. Ri- This world of make-believe Copies Mailed at Other At its apogee, Classes Through the USPS ramped up his marketing efforts, botsky reportedly won the assign- abruptly ended with the financial (e.g. First-Class Mail) -0 casting himself in a bright, charita- ment after meeting a senior Merrill crisis, when many of Mr. Ribotsky’s (4) Free or Nominal Rate Ribotsky’s firm Distribution Outside the ble light.In short,former clients and banker at a Long Island country companies began defaulting on Mail (Carriers or Other lawyers say,he used his charity work club, who put him in touch with ex- their loans. Yet when investors be- Means) 199 13 managed nearly E. Total Free to get his name out and build busi- perts on the high-yield (later known gan asking how bad the damage was, Distribution ness. He also created several web- as “toxic”) mortgages that were a Mr. Ribotsky insisted there were no (Sum of 15d (1),(2),(3), $900 million & (4)) 13,759 16,635 sites bearing his name and touting hallmark of many CDOs. defaults and he’d be able to unload F. Total Distribution both his philanthropy and investing The same year Mr. Ribotsky won his holdings, according to the SEC. (Sum of 15c and 15e) 45,053 47,962 prowess. He also appeared fre- the Merrill business, he was named One example of how deep in the G. Copies not quently on local radio as well as in hole he got: distributed 2,298 2,401 president of the Children’s Medical H. Total (Sum of wire-service reports on the markets. Fund,which supports the Steven and The market for two of his dodgi- 15f, and g 47,351 50,363 I. Percent Paid ies at New York University’s Stern Just two months ago, he turned Alexandra Cohen Children’s Med- er investments disappeared so com- and/or Requested School of Business or Brooklyn Law the light up higher, launching the ical Center, part of the North Shore- pletely that an auditor told him it Circulation (15c / 15f x 100) 69.46% 65.32% School.Instead,he began his invest- Ribotsky Institute, giving it the LIJ Health System. would take more than 700 years to 16. This Statement of Ownership will be printed in ment career in the mid-1990s by grand and good mission of provid- Over the past three years, the sell them. Ⅲ the 10-10-11 issue of this publication. 17. I certify that the statements made by me above signing on at an obscure firm called ing “ideas and a new path toward charity has been able to distribute are correct and complete. the Rainmaker Group,in Red Bank, strengthening America’s economic only about 50% of its $6 million in LISTEN to a discussion at Jill Kaplan N.J. That was close enough to the future.” revenue to the hospital after suffer- CrainsNewYork.com/podcasts Publisher

October 10, 2011 | Crain’s New York Business | 29 20111010-NEWS--0030-NAT-CCI-CN_-- 10/6/2011 4:21 PM Page 1

Colleges export entrepreneurship

in India, China, Norway and Israel. neurship centers such as Silicon Val- of the best ways Foreign peers want Colleges and universities abroad, ley, New York City and Cambridge, to spur economic to glean info that will especially those in developing na- Mass., the Lubin professor says. development.” tions,are increasingly trying to estab- Rising global interest in entre- FLAG-WAVING: Foreign foster development lish the kinds of entrepreneurship preneurship education may be con- Globe-trotting schools will pay a premium programs that exist here in the U.S. nected to the economic crisis,but it’s Jeffrey Carr, for U.S. experts’ know-how, Generations of immigrants may also part of a long-term trend, says executive director says Bruce Bachenheimer. BY EILENE ZIMMERMAN have fueled American entrepre- Murray Low, director of The Eu- of the Berkley buck ennis neurialism, but, according to Mr. gene Lang Entrepreneurship Cen- Center for Entrepreneurship & In- month and will head for India in The new semester had barely begun Bachenheimer, entrepreneurship ter at Columbia Business School. novation at New York University’s January; he has also gotten a num- this year at Pace University’s Lubin education on the college level is pri- Mr. Low, who has taught in Af- Stern School of Business, is among ber of requests from Chinese uni- School of Business, and Director of marily an American export. Foreign rica, India and South America, says local business school professors see- versities about setting up programs. Entrepreneurship Bruce Bachen- universities are more and more will- that a decade ago,teaching entrepre- ing more demand for his expertise in Reflecting the growing interest heimer already had teaching re- ing to pay a premium for the know- neurship internationally was “almost teaching and helping to launch pro- in entrepreneurship education, the quests from groups and institutions how of professors from entrepre- unheard-of, but now it’s seen as one grams. He taught in Colombia last Bloomington, Ind.-based Global Consortium of Entrepreneurship Centers, whose members are university-based, switched to its current name three years ago,notes Mr. Bachenheimer. Founded in 1996 as a national consortium, it made the change in response to interest from international institutions. Although students obviously can’t absorb everything about running a business while in a classroom setting, the fastest way to get started and learn to manage risk is often with the guidance and assistance available through universities and colleges. Wendy Torrance, director of the BE FIRST Global Scholars Program at the Kauffman Foundation in Kansas City, Mo., which works to advance entrepreneurship, is witnessing strong interest from foreign schools that want to master the U.S. ap- MORE OFTEN. proach to teaching entrepreneur- It’s no secret that our SkyMiles® members like upgrades, and with more fi rst class seats, ship. For the past three years, the we can now offer more of them. Additional fi rst class seats are being added across Kauffman program has trained fac- our mainline fl eet, and we’ve also introduced fi rst class cabins on regional jets. Not that ulty from Singapore and Indonesia. anyone needs to be sold on upgrades, but just so you know, you can now expect to be American faculty members working with Kauffman have been asked to riding up front more often. consult with universities in Russia and in other Asian and European DELTA.COM countries. Training the trainers Edward Rogoff, a professor of entrepreneurship and the former academic director of the Field Cen- ter for Entrepreneurship at Ba- ruch College’s Zicklin School of Business, says that entrepreneurship professors at New York City business schools also are being asked to train their counterparts abroad. After meeting with faculty from schools in Puerto Rico to share the process of building a program, Baruch team members are in discus- sions with officials from China, Italy and Kenya about plans to do the same. U.S. institutions that are assisting students and professors abroad are reaping advantages themselves. International teaching experience not only has benefited Baruch’s faculty,but also has created opportunities for its students to learn about entrepreneurship in other countries, according to Mr. Rogoff. “That’s vital in the business world today,”he said,“because if our students want to start companies that do business in China, they can’t All Delta SkyMiles program rules apply. To review the rules, please visit delta.com/memberguide. Upgrades are subject to limited availability and may not be available on all fl ights or in all markets. just dial 1-800-China and arrange to have a product manufactured. They have to meet people and establish relationships. Now we can create opportunities for them to do that.” Ⅲ

30 | Crain’s New York Business | October 10, 2011 20111010-NEWS--0031-NAT-CCI-CN_-- 10/7/2011 1:33 PM Page 1 65.2 NYC consumer confidence index, down 9.6 pts. in 6 mos. BUSINESS LIVES Source: Siena Research Institute

HOT JOBS EXECUTIVE INBOX Anne Fisher VP, SPONSORSHIP & MARKETING ORGANIZATION Women’s Sports Honey Foundation JOB DESCRIPTION Oversee sweetens organization-wide corporate prospects sponsorship and marketing MOST IMPORTANT TASK Secure IN 2006, DAVID LUKS was working sponsorships and partnerships to for PepsiCo, marketing Pepsi and meet revenue goals Diet Pepsi throughout North CREDENTIALS NEEDED Strong America, when a cancer diagnosis background in building corporate stopped him in his tracks. On the support, understanding of digital advice of a dietician, Mr. Luks media, M.B.A. a plus started eating more natural foods, SALARY $120,000-$130,000 including honey. “Honey is amazingly healthy, RECRUITER Sandler Search full of antioxidants,” he said. He Associates soon noticed, however, that DOWNSIDE Meeting high revenue “most products with ‘honey’ demands during economic on the label don’t have any downturn actual honey in them. They use UPSIDE Making an impact on sugar and flavorings instead.” sports, women and healthy living That gave him the idea to start Founded in 1974 by tennis Honeydrop in 2008. The compa- legend Billie Jean King, the ny, based in Brooklyn, makes all- foundation works to advance the natural juices and teas with a lives of girls and women through spoonful of honey in each bottle. sports and physical activity. His nectars caught the eye of —SUZANNE PANARA buyers from Whole Foods Markets, and from there, the brand took off. Honeydrop drinks are now in about 70% of Whole EXECUTIVE MOVES Foods stores nationwide. CARVING OUT A NICHE: The 10-employee company Chris Soria (left) and Marc Traust Sollus Wealth began with four drink flavors and Management: Evan’s clients range from Richard now sells six. W. Weyers, 40, joined brides to baseball teams. the financial “In recessions, when money

advisement company buck ennis is tight, people tend to stick with as chief operating the tried and true,” he said. “But officer. He was GOTHAM GIGS you can overcome that if you’re previously director of offering something they value. portfolio implementation and With us, it’s the wholesomeness performance at Legg Mason Private Portfolio Group. of a natural product with honey, Greenberg Traurig: Dennis Block, 69, and the fact that we’re helping joined the law firm as senior chairman Pumpkin-Shell Shock the environment.” of the global mergers and acquisitions Many people don’t know, he practice. He was previously a senior points out, that the world bee partner at Cadwalader Wickersham & Marc Evan and Chris Soria work most of each year as professional population has been declining Taft. ‘It’s fruit, rapidly because of Colony Richard C. Pettus, 42, joined as a artists—until they morph into the Maniac Pumpkin Carvers, makers shareholder. He was previously a partner but people of jack-o’-lanterns extraordinaires. Every fall, the duo carves 300 Collapse Disorder, an epidemic at King & Spalding. pumpkins with intricate etched designs, forgoing hours of sleep as caused by overuse of pesticides Baruch College: Joel J. freak out and other factors. That’s reason Cohen, 73, joined the Halloween nears. ¶ The two met in middle school. While attending for worry because bees pollinate school as president of when Parsons School of Design, they created elaborate haunted houses for much of the food we eat. the Baruch College So last month, Honeydrop Fund. He was friends every Halloween. By 2003, they were carving pumpkins for previously chairman they see their workplaces and for parties, which begat their formal pumpkin launched its “Buy a Bottle, Save a Bee” campaign. The company and co-chief executive partnership. ¶ Business exploded in 2008.The Yankees asked for 50 of of Sagent Advisors pumpkins’ is donating a percentage of the Inc., which he founded. the gourds to adorn stadium skyboxes during the 2009 World Series, proceeds from each sale to Razor & Tie: Pete Giberga, 42, joined the confirming just two days before the opener. Now, brides-to-be are beekeepers like Andrew Coté of entertainment company as vice Silvermine Apiary. Mr. Coté and president, A&R. He will continue as a placing requests for 2012 fall weddings. ¶ Carving has taken its toll: his fellow beekeepers, some of manager at Career Artist Management. Both men have carpal tunnel syndrome. And since Hurricane Irene Morris Adjmi Architects: John Henderson, whom are in the city, will use the 48, joined the architectural firm as affected crops this year, the team had to stock up early. But they haven’t funds to build more hives. managing director. He was previously slowed down. ¶ “It’s a reflection of life,” said Mr. Soria, 32, of their studio director at Coldagh Design. enterprise.“People love it because it’s in the moment.” ¶ Mr. Evan, 31, HAVE YOU LAUNCHED A PRODUCT or STV: Dominick M. Servedio, 71, was service despite the economic turmoil of promoted to executive chairman. He added: “It’s fruit, but people freak out when they see pumpkins.There the past couple of years? Tell us at See EXECUTIVE MOVES on Page 33 is something that reminds them of childhood.” —rebecca olles www.crainsnewyork.com/execinbox.

October 10, 2011 | Crain’s New York Business | 31 20111010-NEWS--0032-NAT-CCI-CN_-- 10/6/2011 4:15 PM Page 1

RÉSUMÉ REVIEW Is your job search all it could be? Reframing Latin museum We ask the experts. NAME DANIEL P. RADOVCICH Back from Christie’s, more than $1 million from a $6 mil- history of Latin American art. Now PROFESSIONAL EXPERIENCE lion annual budget. I am finishing my Ph.D. El Museo director will l Brandlink Communications; Why did you return to the museum? What is your vision for the museum? CFO, Dec. 2010-March 2011 work to build audience When I left for Christie’s, I wasn’t I want to increase our visibility. We Course-corrected PR business by fixing looking to leave, but it was a great have a quarter of a million visitors a processes and building out budgeting, BY MIRIAM KREININ SOUCCAR new adventure for me. When this year; I want to double those figures. forecasting, job-costing and revenue-tracking tools opportunity came up, it was anoth- Our collection is so rich, and I want l Interbrand; financial manager, March 2008-March 2010 argarita Aguilar started er great adventure. I pinch myself, to show it off more,both at home and Managed all client financials for seven NY clients with total revenue of as an intern at El Museo because this is a job of a lifetime for with more traveling shows. I’m very $15 million; oversaw the San Francisco office, with revenue of $4 million del Barrio in 1998. me, to be back at this institution eager to work with the teams we have OTHER RELATED EXPERIENCE During her eight-year that has done so much. here and make the space happen for l DesignTribe; CFO/COO, Sept. 2009-Jan. 2011 Mstint at the Latin American art mu- them.This is a staff that doesn’t need Developed business plan to obtain $50,000 in seed money for online seum, she rose in the ranks to be- How did you become a Latin American any prodding. crowdfunding platform that identifies/assists talented fashion designers come curator. She was then lured to art specialist? EDUCATION Christie’s to be its senior specialist in This is my second career. I How will you manage during this l Latin American art.Now she is back was in the fashion industry rocky economic period? University of Southern California, B.S., accounting, 1999 where she for many years; I was a The financial situation that Résumé appears in condensed form. started, this knitwear designer. But everyone faces now is daunt- EXPERT ADVICE time as El the industry changed a ing. But the challenges are A professional summary would be very helpful; it should highlight three or MOVERS & Museo’s direc- lot. I was living in Spain not insurmountable. I hope four key accomplishments that strategically affected the businesses where tor.Ms.Agui- in the early ’90s and be- to bring in friends I have SHAKERS Daniel worked. The résumé’s separation of types of experience means the lar, whose came very involved made over the years at family moved with community Christie’s, to join in and years jump around, which doesn’t make for happy recruiters. It’s great that Margarita to Washing- centers in Madrid obviously contribute. Daniel quantified some accomplishments, but nothing is quantified for his ton Heights that would exhib- Sometimes, ideas come latest job. Finally, the margins are too tight. A professional standard is 0.5 Aguilar from Cuba it the work of lo- at difficult times. inches on all sides. Daniel can easily shorten some bullet points to fit. when she was cal artists. So I —connie thanasoulis-cerrachio, career expert, 5, started her went back to How do you spend your Vault.com and SixFigureStart new job on Sept. 12. She arrived at a school in the weekends? To contact this candidate or to be featured in “Résumé Review,” e-mail us time when the museum is under fi- ’90s and got my I like going to mu- nancial pressure: It recently cut master’s in the seums. Ⅲ at [email protected].

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32 | Crain’s New York Business | October 10, 2011 20111010-NEWS--0033-NAT-CCI-CN_-- 10/6/2011 6:11 PM Page 1

EXECUTIVE MOVES Levien & Co.: Kimberly He was previously a senior manager. Dowdell, 28, joined the Sanford Stolar, 42, was promoted to CORPORATE LADDER project management partner in the personal wealth advisory Continued from Page 31 services company as practice. He was previously a director. DIRECTING AECOM’S OPERATIONS was previously chairman and chief director of business Cristina Wolff, 50, was promoted to executive. development. She had partner in the U.S. and international tax JANE A. CHMIELINSKI, 57, was promoted to chief operating officer at AECOM Vibe Holdings: Aidan Brewer, 45, joined been communications practice. She was previously a director. Technology Corp., a provider of professional technical and management the vertical content and advertising manager at HOK. Akerman Senterfitt: support services. Based in New York, Ms. Chmielinski network as general manager of digital EisnerAmper: Gary Wayne Wald, 48, joined Bingel, 46, was promoted to partner in the the law firm as a share- will be responsible for the company’s daily operations as and director of digital products. He was well as developing and executing enterprise previously vice president, product accounting and advisory firm’s state and holder. He had been a management, at American Media Inc. local tax practice. He had been a director. partner at Katten strategy and providing leadership across AECOM’s Hellerman Baretz Communications: Marc Fogarty, 34, was promoted to Muchin Rosenman. offices, business lines and government operations. She Viveka von Rosen, 43, joined the public partner in the public companies practice. John Wood, 61, joined will also lead post-acquisition integration efforts for relations firm as director of social media. He was previously a senior manager. as a shareholder. He firms that join AECOM. She was previously an independent Matthew Maulbeck, 33, was promoted to had been a senior part- Ms. Chmielinski started at the firm in 1993 and was social media consultant. partner in the professional practices ner with Thompson & Knight. DecisionQuest Inc.: department. He was previously a director. Palash Pandya, 35, joined as counsel. He most recently executive vice president of Americas David A. Perrott, 39, Steve Mazzotti, 39, was promoted to was previously an associate at Katten operations and chief corporate officer. —CALLIE EIDLER joined the trial partner in the financial services practice. Muchin Rosenman. —callie eidler consulting and research firm as director of research. He was previously a jury consultant at TrialGraphix. Heddings Property Group: David Innocenzi, 34, was promoted to managing director at the residential real estate brokerage. He was previously senior vice president. Lori Ben-Ari, 41, joined as senior vice president. She was previously a real estate saleswoman at Maxwell Jacobs Inc. Kristin Hurd, 38, joined as senior vice president/associate broker. She was previously a broker-manager at Weichert Realtors. New York University School of Continuing and Professional Studies: Robert Boland, 47, was appointed academic chair of the Preston Robert Tisch Center for Hospitality,Tourism and Sports MANAGERS OR BOARD MEMBERS OF Management. He was previously a RESIDENTIAL BUILDINGS WITH 5 TO 75 UNITS clinical associate professor of sports management. Critical Media: Dave Armon, 48, joined * the real-time media monitoring and distribution company as president. He PLUG INTO SAVINGS was previously president of PR Newswire. Monday Properties: $$$ SAVING INCENTIVES ON LIGHTING, HEATING AND COOLING UPGRADES Jonathan Geanakos, 49, joined the real estate IT’S FAST AND EASY. THE GREEN TEAM WILL HELP YOU GET IT DONE. investment firm as executive vice president. He was Up to $15,000 for a high-efficiency condensing boiler plus previously an adviser at Invesco. additional incentives for insulation CAIS: Lachlan Cobon, 28, was promoted to chief financial officer at the financial technology Up to $20,000 for an energy management system company. He was previously managing director of finance and operations. Landon A. Stone, 36, joined as chief operating officer and general counsel. He Up to $50 each for most high-efficiency light fixtures in was previously a director in Merrill Lynch’s alternative investment origination common areas ($150 for bi-level fixtures) and product management group. Sesame Workshop: Jennifer Kotler Clarke, 39, was promoted to vice president of In-unit improvements worth over $100 per unit to help domestic research. She was previously assistant vice president of domestic residents save money and energy research. Smith Gambrell & Russell: Joseph M. Pastore III, 44, joined the law firm as Expert advice and energy surveys to determine eligible partner. He was previously a partner at Fox Rothschild. energy-saving opportunities for your building Fried Frank Harris Shriver & Jacobson: Fiona Kelly, 44, joined the law firm as a partner in the corporate practice. She was previously a partner at Clifford Chance. CONNECT WITH THE GREEN TEAM AT Remedy Health Media: Kevin Aniskovich, 39, joined the provider of health information and technology as chief CONED.COM/GREENTEAM innovation officer. He was previously chief executive of Intelecare Compliance OR CALL 1-877-634-9443 TO SPEAK TO AN ENERGY REPRESENTATIVE Solutions Inc., which he founded. Jim Curtis, 35, joined as chief revenue *Based on eligibility officer. He was previously vice president of sales at Everyday Health.

EXECUTIVE PROMOTIONS

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October 10, 2011 | Crain’s New York Business | 33 20111010-NEWS--0034-NAT-CCI-CN_-- 10/6/2011 4:18 PM Page 1 chemex / INSATIABLE CRITIC Gael Greene SUNDAY, OCTOBER 23 flickr.com New York Public Library welcomes the THE public to WRITING RÉSUMÉS THAT GET RESULTS. Career counselor Karen Palevsky will show attendees how to WEEK develop résumés that showcase accomplishments and provide an edge. The free lecture will take place at the Tasty Mexican, AHEAD Science, Industry and Business Library, 188 Madison Ave., from 6 p.m. to OCT. 17-23 7 p.m. For more information, call sans haute cuisine (917) 275-6975 or visit www.nypl.org. NETWORKING RECEPTIONS CONFERENCES TUESDAY, OCTOBER 18

In crowd forgoes AND SEMINARS Networking For Professionals will host bloomberg news TUESDAY, OCTOBER 18 its SHAKERS AND STIRRERS BUSINESS finery in La Esquina’s Manhattan Chamber of Commerce NETWORKING MIXER at O’Brien’s Irish presents SOCIAL MEDIA VICTORIES: REAL Pub, 134 W. 46th St., from 6 p.m. to WHAT HE’S zany secret cellar BUSINESSES, REAL CAMPAIGNS, REAL 8 p.m. The cost is $10 for members and RESULTS. Social media expert Patrick $15 for nonmembers with advance READING here are restaurants I’ve Schwerdtfeger will provide practical registration, or $20 for all at the door never gone to that other information on how to improve online (cash only). To get additional LIAM MCGEE, chief executive of New Yorkers love.Either marketing and communications. information and to register, visit Hartford Financial Services they don’t take reserva- Opening remarks will be made by www.networkingforprofessionals.com. Group, has been busy tions, or you need to Manhattan Borough President Scott restructuring the 201-year-old Stringer. The seminar will take place at CULTURAL EVENTS know someone.I don’t know anyone insurance company since T buck ennis the New York Institute of Technology THURSDAY, OCTOBER 20 at La Esquina—not even the secret SEA POWER: Luscious roasted scallops auditorium, 1871 Broadway, from 7:45 BIG APPLE CIRCUS returns for its 34th arriving in late 2009 from Bank of chamber’s designer, Serge Becker— a.m. to 10:30 a.m. The cost is $10 for season with Dream Big. The opening- America. He’s shed divisions and but catty spoilsports say bridge-and- chamber members and $20 for night performance begins at 6:30 p.m. focused more on serving small tunnel riders know what buttons to LA ESQUINA nonmembers. For more information, under the big top at Damrosch Park at businesses. push for access to the unmarked cel- Cellar brasserie visit www.manhattancc.org. Lincoln Center, West 62nd Street In recent weeks, he came lar door to the brasserie, so no rea- 114 Kenmare St. between Amsterdam and Columbus close to selling his company’s THURSDAY, OCTOBER 20 avenues. Tickets start at $15. son I can’t wiggle my way in, too. (646) 613-7100 $100 billion-asset mutual fund www.esquinanyc.com The Japan External Trade Organization Performances will run through Jan. 8. A friend who DJs there says invites you to OPPORTUNITIES IN JAPAN’S Call (888) 541-3750 or visit business to a private equity firm, she’ll put my guy’s name on the list. MOBILE INTERNET MARKET. The free www.bigapplecircus.org. according to Bloomberg News. “You might want to eat fast,because seminar will cover recent trends and When he isn’t busy tinkering the DJ starts at 10 p.m.,” she warns. CUISINE Mexican business opportunities in the growing SATURDAY, OCTOBER 22 with his company, which in 2009 We bypass La Esquina’s innocu- market, and how that market relates to Join Lighthouse International for received $3.4 billion in federal PRICE RANGE Entrées, $18-$33 DOUBLE UP 4 VISION, ous diner-taquería on sidewalk lev- companies in the U.S. The seminar will a 5-kilometer bike bailout money, the 56-year-old is el as if we know where we’re going. SERVING Dinner nightly be held at JETRO New York, 1221 ride/walk to raise awareness of vision Sixth Ave., 42nd floor, from 8:30 a.m. loss and its prevention. The event reading Rolling Stones guitarist “Have you ever been here before?” RESERVATIONS Required; is your Keith Richards’ memoir, Life. a man guarding a steel door with no to 10 a.m. For information, visit begins at 10 a.m. in Riverside Park at name on the list? www.jetro.go.jp. To register, email West 135th Street and continues south “The book really brings out handle snarls at our companions. NOISE LEVEL What did you say? [email protected]. along the Hudson River until 3 p.m. To just how durable he is as a The woman with the list finds get details and to register, call my guy’s name on it. “Have a good musician, but also how I can’t wait to return. FRIDAY, OCTOBER 21 (212) 821-9688 or visit intelligent,” Mr. McGee said. “It’s time,” calls the mercurial guard, The Society for Marketing Professional www.doubleup4vision.org. I will definitely go back. suddenly purring. Services-New York presents THE —suzanne panara a side of him I certainly didn’t Downstairs,we shoulder through I’ll let them simmer awhile. MARKETING EVENT 2011. The professional know much about.” development symposium will explore To view Crain’s classified events listings, —AARON ELSTEIN the kitchen into the blackness of an NO HATS Never again. go to www.crainsnewyork.com/events expansive bar area, where gangly how technology, communications and candelabras encrusted with melted the economy will change the marketing field. The event will take place at the wax cast haunted-house light. Whether I’m sober or sloshed, CUNY Graduate Center, 365 Fifth “Your table is getting its check,” it’s clear that the tacos carnitos (pork Ave., from 8 a.m. to 6 p.m. The cost is we’re told—the prelude to a 20- shoulder cooked in condensed milk $300 for society members and $350 for minute wait. with huitlacoche puree and a tangy nonmembers. To get more information Finally, a table clears. A two- red sauce) are a hit. So is a chef ’s and to register, visit www.smpsny.org. seater for the four of us. “This is it?” whimsy of veal brisket in soft corn A ceiling of moldering tar looms tortillas. The pulled-chicken rosti- SATURDAY, OCTOBER 22 SCORE NYC presents BUILDING not far over my head. There are red zado tacos are boring and dry.But it SUCCESSFUL RETAIL AND WHOLESALE fire buckets hanging everywhere— doesn’t matter how old the corn is or BUSINESSES. The seminar, geared decorative, I hope. Behind my ban- where it came from when it’s toward the fashion industry, will quette, it’s bare brick with a mural smeared with lime mayo and sprin- address the key factors for success, on white tile; in one corner, another kled with Cotija cheese and chili including the use of e-commerce. The big candelabra, smothered in years paste. I want one all for myself. seminar will take place at the Science, of drip. Christ on a cross, not far When I say I love the fatty,charred Industry and Business Library, 188 away on the wall,might look embar- chipotle-chili-guava pork ribs, I’m Madison Ave., lower level, from 11:15 rassed if he weren’t in agony. talking good grub,obviously,not se- a.m. to 5:15 p.m. The cost is $89 in I feel more confident once I start rious cooking. Big, fat papas fritas advance and $99 at the door; lunch is included. To get more information and sipping my frozen blood-orange and undercooked green beans (not to register, call (212) 264-4507 or visit margarita.It’s big and I can taste the to be confused with haricots verts for www.newyorkcity.score.org/events. tequila,which is not always the case. dos seconds) are the stars of the over- A second floor-walker arrives. cooked “Sunday Rotisserie Chick- WORKSHOPS “Take two tables, if you want more en” plate. It isn’t necessarily the na- FRIDAY, OCTOBER 21 PICK OF THE WEEK room,” we’re told. ture of a chile relleno to be slovenly. Career coaches Allan Fried and Allan GOD’S LOVE WE DELIVER holds its fifth annual Golden “They must know it’s you,” says But this one—stuffed with quinoa, Cohen present BEAT TODAY’S CAREER our companion Nicole. manchego cheese and calabaza CHALLENGES. Participants will learn Heart Awards Celebration, honoring Carolina Herrera I guess so. Dishes we didn’t or- squash, then splashed with tomato how to clarify their career aspirations, (above) and 25 years of volunteers for their commitment to develop a strategy and bring it to der—luscious roasted sea scallops salsa—is the definition of sprawl. fruition. The workshop will take place philanthropic and civic responsibility. The celebration will with palmitos tarted up with garlic Still, we aren’t here for gastro- at the Fashion Institute of Technology, take place at the Skylight Soho from 7 p.m. to 10 p.m. mojo marinade,and a tamal of stewed nomic epiphany.We came to La Es- Seventh Avenue at West 27th Street, mullan rooster in ancho-cherry escabeche— quina for the drama, to pretend we from 9 a.m. to 4 p.m. The cost to attend Tickets start at $1,000. Call (212) 294-8162 or visit c start emerging alongside those we belonged, to speculate on the power is $125. To learn more or to register for www.godslovewedeliver.org. did. The huitlacoche quesadilla is of huitlacoche and Christ—like, the event, call (212) 217-3334 or visit simple and sloppy, but delicious. you know, Snooki, do you think He www.manhattancc.org. m patrick And the fluke ceviche is a layered at- could get a table? tack of pickled carrots and Durango MON. TUES. WED. THURS. FRI. SAT. SUN. chilis that jumps from my mouth to Copyright © 2011 by Gael Greene. 10.17 10.18 10.19 10.20 10.21 10.22 10.23 my head. Or is it the tequila? Syndicated by www.insatiable-critic.com.

34 | Crain’s New York Business | October 10, 2011 20111010-NEWS--0035-NAT-CCI-CN_-- 10/7/2011 5:58 PM Page 1

THE CHEAT SHEET Rockefeller University WEEK scientist Ralph Steinman was awarded the Nobel ON THE Prize in Medicine for unraveling the workings of WEB the immune system. He died three days before the

OCT. 3-7 announcement was made. bloomberg news

CRAINSNEWYORK.COM SO, WHAT WAS DR. STEINMAN’S GREAT DISCOVERY ABOUT THE IMMUNE SYSTEM? He discovered a type of cell that he named “dendritic” for its branch-like appearance. A kind of sentinel, it is constantly on the lookout for aliens that can cause the body harm, such as bacteria, viruses Big Apple, and even some tumors. When it encounters one, it spurs the body’s indeed: RIP, immune system to send out cells to destroy the invaders. WHY IS IT IMPORTANT TO UNDERSTAND WHAT DENDRITIC CELLS DO? Steve Jobs Alas, the immune system is not perfect. Some diseases can bypass or overwhelm the body’s natural immunity. Understanding the system’s irst came the social basic mechanisms can help us boost or harness its power to fight diseases. media. By 8 p.m. EST buck ennis HOW LONG BEFORE SOMEONE MAKES PRACTICAL USE OF HIS last Wednesday, the DISCOVERIES? “Someone” already has. In the past 18 months, the FDA F Steve Jobs evening the co-founder of Apple lost his battle with pancreatic cancer at age 56, was approved sipuleucel-T,a drug for prostate cancer, and ipilimumab, a mentioned in 17.3% of all Tweets. ¶ Then came the flowers, photos and, of course, apples left vaccine for melanoma. Rockefeller University is currently testing an HIV outside Apple Stores across the nation. Outside the Fifth Avenue store south of Central Park, vaccine based on Dr. Steinman’s work. In fact, Dr. Steinman, who was diagnosed with pancreatic cancer in 2007, created a personal vaccine to use an artist spray-painted the words “iLove Steve.” Even the protesters on Wall Street paused for against his own disease. While it’s hard to say what effect it had, he lived a moment. ¶ “America lost a genius who will be remembered with Edison and Einstein,” said for four more years; most patients with pancreatic cancer die within a year. Mayor Michael Bloomberg. ¶ Magazines from Bloomberg Businessweek to Time to People were DR. STEINMAN DISCOVERED DENDRITIC CELLS IN 1973. WHY SO soon featuring his face on their covers, while investors speculated on the company’s future— LONG—38 YEARS!—TO BE RECOGNIZED? Science typically moves at a and the staying power of its $375-a-share stock price last week—in the absence of its glacial pace, and Nobel prizes, especially in the sciences, are awarded charismatic leader. ¶ But the Apple co-founder’s legacy won’t be forgotten anytime soon.The only after the larger community accepts a discovery or accomplishment. release date for Walter Isaacson’s authorized biography of Mr. Jobs was pushed up a month, to In Dr. Steinman’s case, other scientists were skeptical, even antagonistic, toward his claims for dendritic cells, in part because they were unable to Oct. 24, and his death came less than a week after Apple unveiled the latest version of the replicate them. Not until more than a decade later, after techniques had iPhone. Mr. Jobs also leaves behind Apple University, a corporate-training program he created been developed to locate and isolate the cells in larger numbers, did the to help executives, in Apple speak, “think different.” scientific world begin to value his discovery. —judith messina

WHAT STARTED OFF ON SEPT. 17 WITH A FEW DOZEN YOUNG DEMONSTRA- TORS HAS MORPHED INTO A CROSS-COUNTRY PROTEST AGAINST CORPORATE POWER. Dubbed “Occupy Wall Street,” the cause has attracted thousands of unionized teachers, janitors, and health care and transit workers and sparked similarly minded protests in Los Angeles, Seattle, Chicago, Boston and else- where. More than 700 were arrested on the Brooklyn Bridge on Oct. 1; dozens more last week on and around Wall Street. President Barack Obama acknowledged the protesters’ frustrations at the banking system—before not- ing that a strong financial sector is necessary for economic growth. … BANK OF NEW YORK MELLON DEFRAUDED PENSION FUND CLIENTS OF $2 BILLION York’s business community when state OVER 10 YEARS by overcharging for foreign currency transactions, New York expanding the office’s powers, which Attorney General Eric Schneiderman alleged in a lawsuit. At least six states After the city’s bedrock financial sector tanked in

filed similar suits against the bank. And soon afterward, the U.S. attorney in scrambling for the city’s blessing to build a campus Crain’s

Manhattan filed a suit seeking hundreds of millions of dollars in penalties. past Silicon Valley as the world’s leading tech center,

The bank denies any wrongdoing. … LET’S HOPE THIS MERGER ISN’T ANOTH- city’s offer of land on Roosevelt Island, Governors It’s enough to make a New Yorker look ER AOL TIME WARNER. The Cuomo administration unveiled its new Depart- ment of Financial Services, a combo of the state’s banking and insurance bu- reaucracies. Merged to save money (at least $25 million in the first year alone), DFS instantly becomes one of the highest-profile financial regulators around, overseeing 3,900 banks, insurers, mortgage brokers, loan services and New York-based outposts of foreign banks, as well as supervising everything from health insurance to charitable foundations to check-cashing stores. … STRIKE THREE! For the third straight year, the New York Mets will be lower- ing ticket prices for next season, this time by as much as 39%. For most of the past season, tickets sold below list price. Attendance has dropped by a quarter since 2009. … SEEING THE LIGHT: Staten Island businessman John Scalia bought himself a working lighthouse off the coast of Sandy Hook, N.J., for $90,000 through an auction. Mr. Scalia plans to let the National Lighthouse Museum in Staten Island give tours of the property. —emily laermer

HOORAY! OY VEY!

DENZEL THE LIVING-WAGE fight WASHINGTON returns: A city-backed donated $2.3 study claims a higher million to Fordham minimum wage of University, his alma $10 an hour or mater, to support its more will hurt theater program job growth. Labor and create a activists call the scholarship fund. analysis “junk.”

October 10, 2011 | Crain’s New York Business | 35 CN014679 9/28/11 4:36 PM Page 1

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