Growth, Despite Wall Street

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INSIDE The other reason TOP STORIES pols want Steven Madden einr WeinerW to snaps up pair of resign new businesses ® THE INSIDER PAGE 2 PAGE 8 Meet the city’s VOL. XXVII, NO. 24 WWW.CRAINSNEWYORK.COM JUNE 13-19, 2011 PRICE: $3.00 newest mortgage banker PAGE 3 Morgan Stanley is worth more dead than alive, alas PAGE 3 What do Candace Bushnell and Carole King have in common? NEW YORK, NEW YORK, P. 6 Crain’s list: NY’s top hospitals PAGE 17 credit THE GREAT

BUSINESS LIVES $10.00 GOTHAM GIGS From police procedural APARTMENT SALE buck ennis to Shakespeare in the Park P. 25 An octogenarian playwright, a At the end of the month, they ● ANNE FISHER Make And that’s no BY JEREMY SMERD drag queen and a kvetcher provoked will vacate their 1920s building, your customers pay P. 25 nightly by the bar’s cacophony are which will be demolished in Au- typo. The end Ten dollars buys two cold Budweis- among the nine tenants in two ad- gust. When they return in about ● MOVERS & SHAKERS ers at the Mars Bar. For those who joining buildings at the corner of two years, each will pay $10 (tax Douglas Elliman’s live above the graffiti-scarred East Second Avenue and East First free) to buy an apartment in a 12- P. 26 of an East digital chief Village dive, it’s the price of a new, Street who will receive this sweet story luxury high-rise. ● GAEL GREENE Daniel Village era luxury apartment. deal. See SWEET DEAL on Page 24 begets Boulud Sud P. 27

INDEX Growth, despite Wall Street NEIGHBORHOOD JOURNAL ______9 OPINION ______11 City gets past its finance addiction, adding have found a niche in the five bor- REAL ESTATE DEALS PLUS ______12 oughs, according to newly published reports. SMALL BUSINESS ______19 70,000 jobs in tourism, TV, tech, design For a city that has long struggled CLASSIFIEDS ______20 seem to matter in New York City, to wean itself off its dependence on FOR THE RECORD ______22 BY DANIEL MASSEY home to most of the nation’s biggest Wall Street’s high wages and in- HOT JOBS ______25 investment banks. come tax receipts,it seems that oth- EXECUTIVE MOVES ______25 Last week, as bank stocks got bat- Even as the city’s traditional er sectors of the economy are pick-

THE WEEK AHEAD ______27 tered and headlines foretold pink economic engine takes a beating, ing up the growth mantle and slips on Wall Street, it almost didn’t New York continues to grow at a adding jobs—a trend that started healthy clip. A record number of before the recession and has become television shows are shooting here, more pronounced since. the city’s design industry is boom- “There is more to the city than ing, and small food manufacturers See GROWTH on Page 24 ELECTRONIC EDITION REPORT HEALTH CARE WANTED: KINDER DOCS P. 1 3 NEWSPAPER 20110613-NEWS--0002-NAT-CCI-CN_-- 6/10/2011 8:13 PM Page 1

King & Associates. IN BRIEF The strategy is gaining approval be- Steven Madden’s yond consumers.Following news of the re- CITY JOINERY, A 16-YEAR-OLD FURNITURE cent acquisitions, investors sent Steven MAKER HEADQUARTERED IN DUMBO, Madden’s share price to a 52-week high of Brooklyn, is moving its manufacturing $38.87. operation to Easthampton, Mass. Owner Jonah new shoes a good fit The company reported first-quarter net Zuckerman cited personal and financial reasons income of $17.9 million, up 16% from a for the exit from New York. His landlord year earlier; sales for the quarter were up recently increased the rent by $3,000 on the 26%, to $165.8 million. company’s 5,500-square-foot showroom and Expands with discounters and clothing Steven Madden CEO Edward Rosen- studio space at 20 Jay St., bringing it to $8,000 a feld, who has been at the helm since 2008, month, which has made the space unaffordable. booties and platform pumps,that appeal to declined to comment. BY ADRIANNE PASQUARELLI young women at every price point. VINCENT ALVAREZ, WHO RESIGNED LAST YEAR Steven Madden is now leveraging that Time to move AS CHIEF OF STAFF OF THE CENTRAL LABOR Steven Madden Ltd.is one of the country’s success to fuel an aggressive expansion. Branching out into other product lines Council after raising questions about the ethics hottest footwear brands. The company The footwear and accessories firm, based through companies such as Cejon and of its president, is on track to be the even gained ground during the recession in Long Island City, Queens, made two Betsey Johnson makes sense, according to organization’s next leader. At a meeting last with its on-trend products, such as heeled purchases last month that move it into observers. week, delegates proposed a constitutional mostly unchartered territory. Sales of adult footwear were down amendment allowing the umbrella organization Its $55 million deal for rival Topline 0.4% year-over-year for the 12 months representing the city’s unions to have a full- Corp. gives Steven Madden access to bar- ending in April, to $30.1 billion, accord- time president.They nominated Mr. Alvarez, a ing to consumer tracking firm NPD 21-year member of Local 3 International Group Inc. Brotherhood of Electrical Workers and a ‘Everybody else The decline was a sharp break from the Staten Island native, for the position. Delegates rising trend of previous years. will vote on the amendment and on Mr. has a foot “There’s nothing new driving Alvarez’s nomination on June 30. footwear,” said Marshal Cohen, NPD’s in the outlet chief industry analyst, noting that spring PERA TURKISH TACO TRUCK, ONE OF FOUR boots and body-toning sneakers inspired FOOD TRUCKS PARKED AT TAVERN ON THE space’ the shopper frenzies of last year. Green, at West 67th Street, is the first truck to Rising costs are a concern for all retail- be awarded a full liquor license by the New ers. Seattle-based Topline can help on that York State Liquor Authority. Last week, it front, because most of its factories are in started serving beer, wine and cocktails made Northern China. Labor costs there can be with vodka, rum, gin, tequila and whiskey.Two gain retailer Payless; to attract other 20% less than they are in Southern China, other food-truck vendors in Central Park plan cost-conscious shoppers, the $635.4 where Steven Madden has the bulk of its to apply for a liquor license, a spokesman for million company production. the authority confirmed. Ⅲ is adding outlet In addition, Topline, whose private-la- stores. bel brands are available at Payless, has di- Steven rect relationships with its production facil- Madden ities, while Steven Madden has been using BY THE NUMBERS has also intermediaries. ventured “Steve Madden will be dealing direct- Weekly shift of the city’s economy into ap- ly,” said Mr. Marotta, who adds that the One thumb up: From solid growth in consumer parel and company can now finally offer its mer- wealth to a surge in exports, the signals pointed accessories chandise at Payless’ 4,500 locations é up. If only companies and consumers would with the $30 mil- throughout the Americas. spend again. lion purchase of scarf company Cejon. Outlets open 16.4M 69K 70K That move followed Steven Madden, with about 80 retail VIEWERS JOBS LOST ATTEMPTS Steven Madden’s major investment stores, has also begun opening outlets. It for final episode in NYC since the each day to hack last fall in fashion firm Betsey John- has launched four since the fourth quarter of The Oprah market peak the NYPD’s DEALMAKER: son. of 2010, in locations such as Las Vegas, Winfrey Show on in April 2008 computer CEO Edward Rosenfeld “They are quite opportunistic in Philadelphia, and Riverhead, L.I. May 25 Source: Eastern system has been making Source: Consolidated Source: New York the deals they tend to complete,”said “Everybody else has a foot in the outlet The Nielsen Co. Police Dept. “opportunistic” buys, Steven Marotta, retail analyst at CL See MADDEN SHOES on Page 23 said one analyst.

More spring: After nearly flatlining during the winter, growth in the average price of a Manhattan hotel room has picked up considerably and actually doubled in April. Urban websites face off

2.6 million for Moguldom, whose execu- American Internet audience has increased Audience grows for tives argue that radio station sites belong in by 30%, to 23 million, over the past three a different category, as does Interactive years, compared to an 8% rise in the white black sites, but ad One’s social-networking site,BlackPlanet. audience, according to comScore. The jockeying for leadership is charac- An increasing number of new sites is dollars yet to come teristic of the black online-media segment, also driving this expansion, sometimes at Source: PKF Consulting which has been growing so fast it can be the expense of older ones. Stalwarts BY MATTHEW FLAMM hard to keep track of the front-runners.The BET.com and AOL’s Black Voices were ADDICTED TO NUMBERS? challenge now is persuading advertisers to both down by double-digits in May com- GET A DAILY DOSE AT @STATSANDTHECITY A scrap broke out last week in the online step up investment in these targeted sites pared to a year earlier. Onetime women’s marketplace aimed at African-Americans, instead of favoring the bigger, general- category leader Essence.com grew just 6% CORRECTION spurred by the latest audience numbers market properties on the Web that attract last month, to 806,000 unique visitors— Kevin Ryan joined DoubleClick in 1996 as president and later from comScore. Moguldom Media audiences of all ethnicities. putting it behind Moguldom’s year-old served as chief executive. His title was misstated in the June 6 Group, a feisty indie based in the “The growth of the segment is Madame Noire, which had 910,000 visi- story “Ryan’s hope.” city,declared that it was now the No. 30% really what’s important,” said In- tors, and Interactive One’s Hello Beauti- 1 network of owned and operated INCREASE in teractive One President Tom ful, which had 1.1 million. vol. xxvii, no. 24, june 13, 2011—Crain’s New York Business (issn 8756- sites targeting the black audience. black audience Newman, pointing out that there Essence, however, isn’t sitting still.The 789x) is published weekly, except for double issues the weeks of July on Web, to 23 Fourth, Labor Day and Christmas, by Crain Communications Inc., Not so fast, responded Interac- million, in the used to be Essence.com and Time Inc. title will unveil a relaunch of its 711 Third Ave., New York, NY 10017. Periodicals postage paid at New tive One, the New York-based dig- past 3 years BET.com and little else for blacks site on June 15 that will include new traf- York, N.Y., and additional mailing offices. Postmaster: Send address ital arm of Radio One,which insists on the Web. “If we can go to mar- fic partnerships and social media contests. changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: that by any count it’s the biggest. Com- keters and say, ‘This is a validation of the The magazine will be revamped next Call (888) 909-9111. Fax (313) 446-6777.$3.00 a copy, $59.79 one year, Score, in fact, shows that traffic on the segment,’ that’s good news for all of us.” month with an eye toward sending more $109.79 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2011 by Crain Communications Inc. company’s sites, including those for some The rapid growth is partly due to the readers to the Web. All rights reserved. 50 radio stations, totaled 4.3 million closing of a longstanding digital divide be- “We have sort of been in hibernation unique visitors in May. That compares to tween white and black users: the African- See URBAN WEBSITES on Page 24

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DOGGED PURSUIT: MetLife Home Loans’ Tony Clintock has his sights set on the New The Book York mortgage market. of Gorman

clients with a total of $1.7 trillion in assets. A Morgan Stanley Morgan Stanley’s chief could spokesman said the integration is proceeding “exactly as we said it use a miracle right about now would.”But plenty of outsiders dis- agree. walk away with more cash than was Last summer, after the May BY AARON ELSTEIN paid to acquire the company. “flash crash” had frightened and “The market is saying the firm is mystified customers, Mr. Gorman With the investing biz in the worth more dead than alive,” said warned that meeting postmerger dumps, it’s shaping up to be a mis- Sanford C. Bernstein analyst Brad targets, such as achieving pretax erable summer on Wall Street. Hintz, a former Morgan Stanley margins of 20%, would take longer Nowhere is that more evident than partner who dis- than he had initially at Morgan Stanley. agrees with investors’ thought. While they Last week, the bank’s stock hit morbid assessment. Layoffs may would ultimately be its lowest point since Chief Execu- Some investors met,“the exact timing tive James Gorman took the helm believe Mr. Gorman loom for up will obviously reflect at the beginning of 2010. In the in- deserves more time market conditions,” tervening 18 months, its shares to carry out his ambi- to 2,000 he said on a confer- have fallen 24%—more than any tious plans.He wants ence call. “We wish big financial institution except the to transform Morgan brokers the world was better.” basket-case Bank of America. Stanley from a firm Mr. Gorman’s The world’s premiere corpora- that hit huge highs, candor only served tions, investors and government and lows, over the to shake investor leaders still have Morgan Stanley’s past 10 years by let- confidence. The bankers on speed-dial. But the firm ting its traders make aggressive merger was one piece analysts were has lost half of its market value over bets, to one that makes modest but sure that the CEO had a grip on. the past decade,and its stock price is steady sums from advising corpora- After all, the former McKinsey

so low—about $22 last week—that tions and individuals and filling partner had made his name on Wall buck ennis it trades for less than tangible book their orders. Street by boosting profitability at value. That means someone could The key part of this strategy was Merrill Lynch’s wealth manage- step in today, buy Morgan Stanley, the 2009 acquisition of Smith Bar- ment division before becoming sell off key parts of its portfolio and ney, whose 17,800 brokers serve See THE BOOK on Page 4 Snoopy & Co. THE MARKET’S JUDGMENT Eighteen months into the tenure of CEO James Gorman, Morgan Stanley’s shares are trading well below their tangible book value. homes in on mortgages Giant insurer MetLife tries hand in new area rates and rising consumer confi- BY AMANDA FUNG dence are beginning to lift home sales here. Happily for Snoopy & When Tony Clintock signed on at Co. that entrance comes as many Tangible book value is book value minus intangible assets such as goodwill, patents and MetLife Home Loans after 17 years traditional lenders are still strug- trademarks. Sources: Company reports, Yahoo Finance at J.P.Morgan Chase, he wasn’t too gling to cope with mountains of bad happy about one thing: the prospect mortgages on their books. of having a floppy-eared dog named “As a new lender, we don’t have Snoopy emblazoned on his business the baggage of the past,” said Mr. card. Clintock. But he quickly changed his mind. “Consumers love Snoopy,” said Step-by-step Mr. Clintock, Northeast regional MetLife laid the foundation for sales leader for the residential mort- its big home mortgage push in 2008, gage division of MetLife Bank. when it acquired the residential “Working for one of the most recog- mortgage business from Tennessee- nized brands doesn’t hurt.” based First Horizon National Corp. Two years later, the insurer opened Good timing an operations-and-fulfillment cen- In fact, MetLife is counting on ter in Hauppauge, L.I., that now its popular mascot to help the com- boasts 60 staffers processing and pany take a big bite out of the Big underwriting loans. More recently, Apple’s residential mortgage busi- MetLife Home Loans has been re- ON A MISSION: ness. Best known as the nation’s cruiting an army of salesmen, mak- Morgan Stanley’s largest life insurer with $55.9 billion ing room for them initially at offices James Gorman must in revenues, and ranked among the at Penn Plaza and at 260 Madison cut some of the highest costs on largest lenders in commercial real Ave. Wall Street. estate, the giant is breaking new In just one year, that sales force ground in the city it calls home. It is has grown to 40, covering all five entering the residential mortgage boroughs. The company will open

bloomberg news market just as rock-bottom lending See SNOOPY on Page 23

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bers of staff. For instance, the firm believes it can reduce overhead by The Book of Gorman building one brokerage technology platform to replace three existing IN THE MARKETS Continued from Page 3 59% in 1994,it took four years to get ones. It could also increase revenues president of Morgan Stanley in it to 55% and another three years to by expanding private-banking serv- Aaron Elstein 2006. bring it down to 52%, according to ices, among other things, he said. by “You don’t want to lay out goals Bernstein Research. Wall Street Mr. Gorman may find it neces- that can’t be achieved,” said Mark firms typically pay out half of rev- sary to cut costs elsewhere, and one Morgan, an analyst at Thrivent Fi- enues to employees, although those target could be the many co-heads nancial for Lutherans,an asset man- with large retail sales forces tend to of its major divisions and business ager that owns 1.4 million Morgan pay more because of commissions. lines. (A different spokesman said G is for Gryphon. And maybe Gambino Stanley shares. “The integration Cutting those commissions, of Morgan Stanley has no plans for any ast year, the feds needs to happen smoothly and suc- course, is an effective way to lose layoffs in its investment banking a cessfully because it’s how he’s mak- unit.) Lcracked down on ing his mark at the company.” boiler-room operation Mr. Gorman has certainly been Nearly a dozen Crowded at the top called Gryphon Financial. busy since he replaced John Mack, According to a review of data Despite its Wall Street who led Morgan Stanley to the Morgan Stanley from the company, Bloomberg and brink of collapse in 2008.He has as- the social networking site LinkedIn, address, Gryphon was actually signed new roles to each of the 10 units have co- Morgan Stanley has co-presidents located in a Staten Island members on his operating commit- in its investment bank and co-heads shopping center.There, STOCK CHARACTERS: A boiler-room operation tee, and an astonishing 80% of the heads at the top in at least 10 significant units: glob- in Staten Island allegedly had ties to the mob. firm is being restructured,according al economics, global equities, U.S. Gryphon’s operatives allegedly to a report earlier this year from bro- equities trading, fixed-income capi- plucked $20 million from gullible investors. All but one of 18 kerage CLSA. tal markets, the financial institu- defendants in the case pleaded guilty to fraud or conspiracy Highlighting his commitment tions group, U.S. research sales, in- charges. A trial is set for Monday in a Brooklyn federal to lowering costs, Mr. Gorman cre- good salespeople. terest rates and emerging markets ated the office of re-engineering and Mr. Gorman could also shave strategy, foreign exchange options courtroom for the lone holdout—a lowly salesman. expense management in February. compensation costs by shedding technology, EMEA (Europe, the So far, so depressing. But it’s the case’s mob connections And Chief Financial Officer Ruth highly paid employees. If he sacked Middle East and Africa) credit that bring some fizz to this tonic.That’s right: mob ties. What Porat disclosed last week that the about 2,000 brokers, for example, sales, and human resources technol- firm would dismiss more stockbro- he could quickly lower Morgan ogy management. follows almost reads like a real-life Sopranos episode. kers than initially forecast. Stanley Smith Barney’s pay ratio to Crowded management structures One of Gryphon’s sales represen- of cancer and his mother became Morgan Stanley Smith Barney 55% at current revenue levels, but are not unique to Morgan Stanley, tatives was a Brooklyn native named mentally ill and unable to take care has ample fat to trim. Compensa- such bloodletting would also in- says Paul Bernard, an outplacement Michael Scarpaci. He worked for the of him or his four siblings. He later tion consumed 62% of revenues in evitably drive people he’s trying to adviser in Manhattan. Such Wall Gambino organized-crime family, dropped out of Fort Hamilton High the first quarter,while the unit’s 10% keep to Merrill, UBS or other com- Street redundancies date back to according to federal prosecutors in School as a sophomore to work full- profit margins are half those of petitors. happier times,when banks could af- Manhattan who charged him in a time. He soon began abusing alco- BofA’s wealth management divi- “The consultant side of him, I’m ford to have executives share power. separate case. hol and drugs, particularly cocaine. sion, which includes Merrill Lynch. sure, would like to cut like a knife,” Mr. Bernard reports that he’s heard Specifically,the 35-year-old Mr. From early 2008 through Sep- Mr. Hintz said. “But as CEO, he from four banks in the past few Scarpaci helped run “various illegal tember 2009, Mr. Scarpaci recruited Reining in broker pay wants a strong firm.” weeks looking to jettison a co-head. gambling operations” for the Gam- bettors to the Gambino gambling It is likely to take years for Mr. The Morgan Stanley spokesman “The banks feel they can no binos. So says an indictment from operations and occasionally played a Gorman to rein in brokers’ pay. Af- said there are several savings options longer let their divas sing together,” last year. The “operations” in ques- hand of poker. For his efforts, he got ter Merrill’s compensation costs hit that don’t involve cutting large num- he said. Ⅲ tion included an online sports- a small discount on his personal betting venture and a regular high- gambling losses. stakes poker game. Mr. Scarpaci, a After leaving the Gambino gam- father of four, pleaded guilty to bling ring, he went to Gryphon racketeering and last month was from October 2009 through March th sentenced to up to 18 months in 2010. Mr. Scarpaci was recruited Townhouse For Sale – 24 East 39 Street prison. heavily for the brokerage position, Mr. Scarpaci has had an unusu- Mr.Corozzo wrote.He liked the job ally troubled life,according to a doc- because playing the markets helped ument filed in court by his lawyer, satisfy his gambling addiction, the Joseph Corozzo. At age 5, he was lawyer noted. Also, the hours at • 49 feet of frontage kidnapped when an individual flee- Gryphon were shorter than those at ing the police stole his mother’s his previous job—general sales • 6-story former university club double-parked car while he was manager at Nissan of Queens, where seated in back. His brother, seated he managed a staff and earned up to with classic turn-of-the-century next to him, escaped, and the young $300,000 a year. detailing Mr. Scarpaci was alone when the Mr. Scarpaci has pleaded guilty driver crashed into a pole. to conspiracy in the Gryphon case. • 3 blocks from Grand Central, Three years later, his father died He is to be sentenced on July 8. steps from Park Avenue The world’s oldest SEC fraud case? • 28 guest rooms, multiple meeting rooms and commercial kitchen Let’s continue the legal-shenani- must be close. gans theme by highlighting a suit Second, Mr. DeGregorio is list- • Ideal uses include consulate, brought by the Securities and Ex- ed as principal of a nonprofit organ- change Commission last week. The ization called the Association for Bet- university club, residential, case is against a Tinton Falls, N.J., terment Through Education and Love. community facility man named Anthony O. DeGregorio Sr., You just don’t see outfits like that on who is charged with raising $1.3 the SEC docket. • Excellent access to transportation million through unregistered secu- Mr. DeGregorio, a tax preparer, rities offerings. has a history of trouble with regula- It looks like a run-of-the-mill tors. In 2005, the SEC said, he was fraud case except for two intriguing barred from working with any bro- points. kerage firm due to unsuitable in- First, Mr. DeGregorio is 81. If vestment advice he gave an elderly he’s not the oldest person ever to be client. He could not be reached for charged with securities fraud, he comment. For more information, visit www.24e39.com or contact an exclusive agent:

Jason Meister Jon Epstein CONSECUTIVE WEEKS that municipal bond funds experienced out- 212.326.4918 212.326.4732 flows, according to Lipper data. The trend, which reflected fears NEW YORK CAPITAL MARKETS TEAM [email protected] [email protected] 29 that cash-strapped cities or states would default, reversed course last week as investor worries shifted to the stock market.

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SOME OF US NEW YORK,NEW YORK WOULD RATHER edited by Valerie Block BE AT WORK.

world as CEO of Starwood Sex prequel Capital Group, plans to develop three hotels here in the next heading to several years, he said at a recent multiplex? industry conference. Mr. Sternlicht will convert an ould office building at 1414 Sixth Ave. Summer Along with Tribeca Associates, Cand the City, he’s picked up a hotel project at the Candace New York Public Library site on Bushnell’s prequel to her West 53rd Street that luxury operator Orient-Express Hotels wildly successful Sex abandoned during the economic and the City, become downturn. He’s keeping his third the third movie in the project close to the vest. franchise? ¶ The book “It marks a return for Mr. Sternlicht,” said hotel consultant mary anne russell.com introduces an 18-year- Sean Hennessey. “He has the old Carrie Bradshaw, who has just moved to New York. Ms. wherewithal to be a force in New Bushnell (above) read an excerpt at a New York Women in York, both financially and Communications event, held at the Saks Fifth Avenue creatively.” Currently, the hotelier owns Café—conveniently located just past the designer shoe and operates three brands globally: department.There, the 52-year-old author said the prequel 1 Hotels & Resorts, Baccarat and “is under consideration” for a film, and though she wasn’t Crillon. —lisa fickenscher involved in writing the first two movies, “maybe, if there was a prequel, I would get involved.” ¶ In an interview, Ms. Bushnell added that she is currently “in discussions with HBO,” which has already snapped up rights to the prequel, “about the next step.” ¶ If a Summer film materializes, a new cast will likely be in store. After all, it would be a stretch for the current foursome, Sarah Jessica Parker, Kim Cattrall, AND IT SHOWS. Kristin Davis and Cynthia Nixon, to play women in their teens and early 20s. Ms. Bushnell demurred on that one: “I love Sarah so much,” she said. The game’s Building upon its 25 year history as the most trusted name in New —valerie block the thing York business, Crain’s is giving readers the opportunity to tell us why their company is the best place to work. Nominations are now open activities to the present day. This year’s theater season is so for this annual New York City honor, recognizing outstanding She joins a parade of aging chock-full of blockbuster musicals employers in the ve boroughs. Companies will be proled in Crain’s music stars writing memoirs for and star-studded plays that it’s New York Business and honored at an event in the fall of 2011. their aging fans: The Who’s Pete tough for less illustrious Townshend (see Crain’s, May 9) productions to stand out.To get Does your company allow you to: recently signed with some attention, long-running Off- HarperCollins, and The Band’s Broadway play Perfect Crime is • Work with a stellar group of people? Robbie Robertson is at work on a trying something new: becoming

getty images book for Crown. one of the first in the industry to • Do what you enjoy? Ms. King has been getting a lot release a free game app for iPhones • Explore new opportunities for growth? Composing of attention lately. Half a dozen of and iPads.The game allows • Follow your own path? a memoir her hits were featured on the most players to exchange gunshots with recent season of American Idol, characters on the set. In just two Prolific songwriter Carole King and the New York Post reported weeks, it has been downloaded Tell us why your company is so great by nominating (above) is adding to her repertoire: last month that a Broadway nearly 900 times. itas one of New York City’s Best Places to Work at The pop star who penned vintage musical about her life and songs is “Audiences expect you to reach hits like “You’ve Got a Friend” and in the works. them in new ways—people don’t www.bestplacestoworkNYC.com “Will You Still Love Me Ms. King’s agent, Joy Harris, just pick up The New York Times Tomorrow” is at work on a declined to comment, and a anymore and decide what they memoir, according to an industry spokeswoman for Grand Central want to see,” said Catherine Russell executive. Grand Central Publishing didn’t return a call. (above), general manager and Publishing, a Hachette Book —matthew flamm leading lady of Perfect Crime, Group division, was the winner in which has been running since an auction last week, bidding more 1987 and is currently at the than $1 million, according to Hotel mogul Snapple Theater Center. “You another insider. back in town have to keep reinventing yourself Ms. King, 69, who authored when you’re selling something.” her first hit at 18, is writing the Über-hotelier Barry Sternlicht Management spent about book herself and calling it A launched the W in 1998, creating $5,000 to create the app and is Natural Woman, after the 1967 one of the first luxury boutique promoting it at the TKTS booth song she wrote for Aretha Franklin chains. But he left the New York in Times Square in hopes that it with then-husband Gerry Goffin. hotel scene in 2005 when he can sway ticket buyers. Ms. The memoir will cover her early stepped down as chief executive of Russell, who boasted that the days cranking out tunes in the Starwood Hotels & Resorts. house was full 70% of the time last legendary Brill Building, her He’s baaaaaaaack. year, said plans are to expand breakout as a performer with the The lodging mogul, who has availability to Android phones. 1971 album Tapestry, and her been operating hotels around the —adrianne pasquarelli

6 | Crain’s New York Business | June 13, 2011 CN014451 6/8/11 1:17 PM Page 1

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*Results based on third-party study. 4G LTE is available in 55 metros & 70 major airports in the U.S.; coverage maps at vzw.com. LTE is a trademark of ETSI. Network details & coverage maps at vzw.com. © 2011 Verizon Wireless. D7081 20110613-NEWS--0008-NAT-CCI-CN_-- 6/10/2011 6:40 PM Page 1

vice chairman of the Queens Republican Party. Besides, in 2012, the district may be redrawn out of PRIMARIES Moving, but how far? THE INSIDER existence in the reapportionment INSIDERS ARE DEBATING whether New York’s process. primary election will be moved up to August or all by Jeremy Smerd and Shane Dixon Kavanaugh Republicans have reached out to the way to June starting in 2012. A 2009 federal prospective candidates, including law championed by Sen. Charles Schumer Robert Turner, the largely self-funded mandates that Americans overseas be given candidate who lost by 22 points to enough time to submit absentee ballots. A Mr. Weiner in 2010.“He’s a well- September primary is too close to the November funded guy and a businessman,” general election to meet the terms of the law. said Mr.Tabone.“He also has New York got waivers for 2010 and 2011, but Behind the calls integrity, and no skeletons in his few expect another one. “My understanding is the closet.” Legislature is looking at [having the primary] sometime in August or sometime in June,” said Jerry Goldfeder, an election for Weiner’s exit UFT predicts attorney at Stroock & Stroock & Lavan. “The governor’s office is looking at it as well.” teacher exodus June primaries are common across the country. New York itself had one epublicans don’t United Federation of Teachers until the early 1970s. The city Bar Association supports a return to a June want to wait until President Michael Mulgrew predicted primary, believing that more voters will be paying attention to the races and 2012 to go after that more than 4,000 teachers will that turnout will be higher than in the dog days of August. Rep. Anthony retire before September, twice as An early primary would also allow for disputed races to be resolved well in Weiner’s seat. GOP many as the Bloomberg advance of November. The later the primary, the more likely that judges end administration forecasts. up deciding ballot issues mere days before an election. Rleaders have blasted the six- Mr. Mulgrew said it would be Martin Connor, an election lawyer and a former state senator, recalled term congressman’s sexting the biggest wave of retirements in that Judge Raymond Dearie ruled eight days before the November 2010 shenanigans and have called on many years—which is significant election that the constitutional rights of Randy Credico, an opponent of Mr. Mr. Weiner (right) to resign for because retirements would reduce Schumer, were violated because he wasn’t listed on the Kristin Davis’ the 4,666 layoffs in the Manhattan Madam’s line. But the Board of Elections said it didn’t have time ethical reasons. Democrats have administration’s proposed budget. to change the ballot, so Mr. Credico was stuck. “His rights were violated, but joined in, worried that the But a Department of Education there was no remedy,” Mr. Connor said. scandal will hurt their party spokeswoman says Mr. Mulgrew is But a June primary is far from a sure thing, for the simple reason that the nationwide in next year’s including specialty teachers who, by Legislature is in session until late in the month. Lawmakers don’t want to be law, must be replaced when they stuck in Albany while challengers campaign in their districts. That’s why New elections. bloomberg news retire.The city projects attrition at York’s primary was moved to September in the first place, Mr. Connor explained. Republicans’ best hopes for snatching the seat from only 2,000, although that is up Democrats is the special election that his resignation would from its February estimate of 1,500. trigger, according to insiders.The GOP candidate wouldn’t The City Council has proposed have to compete with hundreds of other races for assistance about $145 million in cuts Retail politics The candidate from the national party. And turnout would be low, which elsewhere to retain more teachers Patrick Purcell of United Food and who must legislate increases the GOP’s chances in the largely Democratic district. and avoid closing 20 firehouses. Commercial Workers Local 1500 To prevent layoffs and save the said the Valley Stream Target store Rep. Anthony Weiner’s implosion has “In a general [election], with Obama on top of the ticket, I firehouses would cost almost unionization campaign was raised the mayoral prospects of don’t know if the same calculus is at play,” said Vincent Tabone, $320 million. initiated by employees. “It’s the first City Council Speaker Christine time in my 27 years [in organized Quinn, whose nearly $3 million in labor] where the workers truly self- campaign cash tops the field. But organized,” Mr. Purcell said.The unlike her remaining potential reasons include employees’ being rivals, the speaker is a legislator assigned so few hours of work and facing a thicket of issues. some who came from other “You can’t make everybody industries who “are not used to happy,” Ms. Quinn said in an getting 8-cent raises,” he said. “I’ve interview. She must pass a budget met a couple of workers who in and decide the fate of a living-wage their previous professions didn’t bill. She also faces pressure from think so highly of unions. Now crane operators to intervene in a they’re thinking, ‘Retail’s tough.’ ” labor dispute but said the union and the Real Estate Board of New York should negotiate a resolution. Seeking loan that The speaker said shelving sick- NJ rejected leave legislation was one of the hardest decisions she has had to The Metropolitan Transportation make in the past year.Though Authority is applying for a federal Connecticut legislators passed a loan that New similar bill, she doesn’t expect to Jersey’s Gov. Chris change her mind. “Who follows Christie (right) lost Connecticut?” Ms. Quinn joked. We’re pleased to announce out on when he canceled the ARC Arthur J. Gallagher & Co. tunnel. Railroad City losing PR war one of the world’s largest insurance brokerage & risk management service fi rms Rehabilitation and The city, which has given itself Improvement until 2030 to halve traffic fatalities, Financing is bloomberg news has introduced measures that has leased a full fl oor of normally for freight railroads, but helped reduce the deaths to a 31,812 rsf state officials hope the money record low last year. But it’s losing can be put toward the MTA’s the public relations war, a report by for its New York City offi ce $10 billion capital plan. Transportation Alternatives and the “We’re saying, ‘If you were going Drum Major Institute asserted.The Michael Gottlieb, Ilan Hoffman and Eric Steffe of Grubb & Ellis New York, Inc. to give it to Chris Christie, why not report said the goal should be zero give it to us?’ ” said a transportation fatalities, as Sweden’s is. represented the tenant in this transaction. insider.The loan, which could total A city spokesman said, “It’s hard as much as $3 billion, can be repaid to be clearer that nothing is more For Leasing Information: over 35 years at interest equal to the important than the safety of government’s cost of borrowing. everyone on our streets.” Ⅲ David L. Hoffman, Jr. | 212.318.9767 Wendy Miller | 212.318.9764 [email protected] [email protected] For daily political and government news, subscribe to CRAIN’S INSIDER @ www.crainsnewyork.com/insider

8 | Crain’s New York Business | June 13, 2011 20110613-NEWS--0009-NAT-CCI-CN_-- 6/9/2011 5:50 PM Page 1

NEIGHBORHOOD JOURNAL At Aqueduct, race for jobs is on

Queens-based contractor that spe- chapter has protested the racino’s For Mr. Ulrich Ozone Park prepares cializes in project cleanup, is one of hiring efforts for construction work and many others, for big economic lift the local businesspeople benefiting and permanent jobs and has pressed the bigger worry is from the project.Since winning a $2 for more detailed hiring reports. the inevitable from new racino million contract at the racino earli- spike in traffic to er this year, she has been able to em- Apparent diversity the area and the BY AMANDA FUNG ploy 19 workers. But in general, local officials petty crimes or ac- “This job gave me an opportuni- seem pleased by the diversity of cidents that may NOW OPEN: The Aqueduct racino’s on-site employment center. ast week,the opening of ty to hire men so they can pay their those hired. result. the on-site employ- mortgages and feed their families,” “Right now, if you walk on the “This facility is ment center at the casi- said Ms. Harvey. job site, you can see for yourself,” projected to bring millions of people ber of people and not expect [to need no being built at Aque- Some local leaders are pushing said City Councilman Eric Ulrich, over the course of a year through our an] increase in police service,” said duct Raceway—and the for more. The NAACP’s Jamaica an Ozone Park native. community.You can’t add that num- Ms. Braton. Ⅲ Lpromise of more than 1,000 permanent jobs that it will ultimately provide—drew a crowd of nearly 500. For many residents and officials in the surrounding Queens neighborhood of Ozone Park, it was an event they had almost given up hope of seeing. After nearly 10 years and a series of failed efforts by the state to bring in someone to revive the aging raceway, Genting New York— now Resorts World Casino New York—won the bidding last year, and construction began in late Oc- tober. Now, residents are gearing up for their long-anticipated payoff. “Aqueduct is an asset to our community,as it will be to the state,”said Betty Braton, chair of Community Board 10, which covers the area where the project is located. She notes that local people are already at work building the 639,000-square- foot casino and entertainment facility, the first part of which will feature 2,500 video slot machines and Does your money cross borders seven food-court outlets with a total of 300 seats, as well as indoor and as easily as you do? outdoor parking. Resorts World, part of a giant 52ºN – Cambridge, UK Malaysia-based casino and cruise ship operator, wants to again make Aqueduct a destination. When the When life takes you or your family across borders, your money should facility is fully built out at the end of seamlessly follow. HSBC Premier can help you open HSBC deposit the year, the operators hope, a mix- accounts in 30 countries and territories from the U.S. and move money ture of gambling, headliner acts, and online between them—securely and without fees.1 You’re at home eateries like RW Prime Steakhouse abroad. Now the same can be said for your money. and Wine Bar and fine Chinese restaurant Grand Palace will trans- Choose from a selection of welcome gifts, including a form the neighborhood into a desti- MacBook Air, when you start an HSBC Premier relationship nation for 20,000 visitors a day. before July 22, 2011 with a qualifying balance.2 “This project is about creating careers for the local community,” Stop by your nearest branch, call 866.375.6661, or visit said Michael Speller, president of hsbcpremierusa.com/connect to see how you can start living Resorts World.“It will also spark lo- life without boundaries. cal business growth.” Supporting local projects Even better, as part of its winning bid,Genting said it will donate 1% of the racino’s net profits to local projects designated by the community.It expects to generate $300 million in tax revenue for the state annually. 1Global View, Global Transfers, and international account opening are not available in all countries. Foreign currency exchange rates may apply. “There are many nonprofits and 2Offer(s) valid when you begin a new personal Premier relationship* in the United States funded in new money from May 16, 2011 to July 22, 2011. With a minimum qualifying balance of programs that are suffering in the $150,000, you qualify for the MacBook Air. Alternate gift available with a minimum qualifying balance of $100,000 or more. Offer(s) not valid for Insurance Products, which include Annuities, neighborhood that can be assisted or for existing HSBC Premier clients regardless of what other non-Premier Accounts they have or how they are listed on account titles; Online Savings Account is ineligible for gift promotion. New money is defined as funds or positions not previously held by any member of the HSBC Group over the past six consecutive months. For qualifying customers upgrading to Premier, new by this funding,” said state Sen. money must be in addition to existing deposit and investment balances as of the close of business on May 13, 2011 (“Existing Balances”). Premier relationship in the U.S. must remain open; Joseph Addabbo Jr., who represents new money and Existing Balances must remain on deposit for a minimum of six months or the value of gift will be deducted from account proceeds if time requirement has not been met. the neighborhood. *To qualify for an HSBC Premier relationship, you need to open a Premier Checking account and maintain $100,000 in combined U.S. personal deposits, including Online Savings Account, Nearly 700 construction workers and investment balances. Business owners may use their commercial balances to qualify for a personal Premier relationship, but these balances cannot be used to meet the new money requirements. A monthly maintenance fee of $50.00 will be incurred if minimum balance requirements are not maintained. You have up to 90 days after account opening to meet the full have already found work on the site, $100,000 balance requirement. The Annual Percentage Yield (APY) and balance for a Premier Checking account which is accurate as of April 18, 2011 is 0.01% APY on balances of $5.00 with roughly 600 more expected to or more. APY is variable and subject to change after opening. Charges and fees may reduce earnings. Qualified Premier clients will be notified via mail within 90 days of account opening; join the effort as the work progresses. notification will include instructions for redeeming gift of choice. Eligibility requirements may apply for some gift choices. Limit one gift per eligible new Premier relationship. This offer cannot be combined with any other offers or promotions, is nontransferable, good while supplies last. Any gift not chosen by October 31, 2011 will be forfeited. The cost of the gift will be Resorts World and its construction reported on IRS Form 1099. manager, Tutor Perini Corp., esti- Apple,® the Apple Logo and MacBook Air are registered trademarks of Apple Inc. All rights reserved. Apple is not a participant in or sponsor of this promotion. mate that 70% to 80% of the jobs will United States persons (including U.S. citizens and residents) are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their go to local residents. U.S. and non-U.S. accounts – including, for example, Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts (“FBAR”)). U.S. persons should consult a tax adviser for more information. Ruth Harvey, president of Deposit products offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. ©2011 HSBC Bank USA, N.A. Ametis Industries, a Jamaica,

June 13, 2011 | Crain’s New York Business | 9 20110613-NEWS--0010-NAT-CCI-CN_-- 6/10/2011 1:27 PM Page 1

VIEWPOINT Beware half-baked reform editor in chief Rance Crain publisher, vp Jill R. Kaplan ith a week remaining in the between current and future legislators. Any lawmaker convicted EDITORIAL editor Xana Antunes legislative session, ominous signs of corruption should lose his taxpayer-funded pension. managing editor Glenn Coleman emerged last week that Individual campaign contributions should be reined in, and deputy managing editors Valerie Block, Erik Ipsen lawmakers will finish with a penalties for failing to disclose them should be increased. And assistant managing editor Erik Engquist whimper. A deal on ethics reform state parties should not be able to receive limitless contributions senior producer, projects Kira Bindrim senior producer, news Elisabeth Butler Cordova raised the question of whether that are ultimately spent on individual campaigns; that is contributing editor Gov. Andrew Cuomo the mother of all campaign finance loopholes. Elaine Pofeldt columnists Greg David, Michael Gross, compromised too much in order to check off another box on Mr. Cuomo’s pension bill would raise the retirement age Alair Townsend his agenda. And his bill to create new pension tiers for state and to 65 for state workers and teachers, prevent overtime pay pulse editor Barbara Benson W senior reporters Theresa Agovino, city employees was certainly welcome, but might have been from padding pensions, and require city and state employees Aaron Elstein, Lisa Fickenscher, introduced too late to be passed before legislators skip town. to kick in more of their salaries to the pension funds. Public- Matthew Flamm, Miriam Kreinin Souccar reporters Amanda Fung, Shane Dixon Kavanaugh, The ethics agreement inspired much self-congratulation employee unions deem Daniel Massey, Adrianne Pasquarelli, among state lawmakers but is undeniably a half-baked this an unfair response Jeremy Smerd Mr. Cuomo gave art director Steven Krupinski measure. While it improved financial disclosure to the spike in deputy art directors Carolyn McClain, requirements, which should expose and deter conflicts of up a lot just to governments’ pension Daniel Mednick staff photographer Buck Ennis interest, the bill ignored much-needed campaign finance check off boxes costs, which they blame copy desk chief Wendy Zuckerman reform and created a cumbersome process to initiate copy editor Thaddeus Rutkowski on a temporary decline research editor Dana Gordon investigations of legislators or the governor.The mechanism on his agenda in retirement funds’ assistant research editor Suzanne Panara research assistant Suzanne Bernard ensures that legislative leaders will continue to have an easy returns and on research intern Jonas Altman-Kurosaki time preventing probes of their members. And just in case governments’ failure to editorial interns Irvin Ibarguen, inquiries are launched and uncover malfeasance, legislators add enough money to Eliza Ronalds-Hannon, Jermaine Taylor, Ian Thomas exempted themselves from a provision that strips future the funds when they EDITORIAL AND ADVERTISING OFFICES corrupt lawmakers of their state pensions. were riding the stock market boom. 711 Third Ave., New York, NY 10017-5806 editorial: 212.210.0277 Fax 212.210.0799 If this lukewarm reform gives Albany an excuse to take no But the counterarguments are compelling. Pension funds advertising: 212.210.0259 further action on ethics for years to come, it will have done cannot be expected to produce 8% annualized returns over Cable craincom nyk more harm than good.That is precisely why Gov. David the long term. With unemployment high, the public sector Fax 212.210.0499 Entire contents ©copyright 2011 Crain Paterson vetoed an ethics reform bill during his brief tenure. can reduce compensation packages for new hires and still Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP Mr. Cuomo, in contrast, is taking a bird-in-hand approach. He attract quality employees. As for current workers, their Inc., used under license agreement. is undoubtedly in a better position to make that work than Mr. pension benefits are guaranteed by the state constitution. TO SUBSCRIBE: Paterson was because he has three years left in his term and Their only risk is losing their jobs, so they should cheer the Call 888.909.9111; fax 313.446.6777. $3.00 a copy, $59.79 one year, $109.79 two years. substantial political power. But it will still be a challenge for proposal because it reduces the need for layoffs. www.crainsnewyork.com Mr. Cuomo to persuade legislators to finish the job on ethics. If lawmakers need more time to digest Mr. Cuomo’s plan, ADVERTISING AND MARKETING At the very least, ethics laws should draw no distinction they should pass it in a special session this summer. advertising director Trish Henry senior account managers Courtney McCombs, Sheryl Rose, Suzanne Wilson sales manager, classified print & online John Gallagher OMENTS C sales coordinator, print & online CRAIN’S ONLINE POLL Lulé Haznedari newsletter product manager Alexis Sinclair SHOULD REP. credit Todd J. Masura 313.446.6097 ANTHONY WEINER marketing director Amy Crossman B’klyn hospitals’ burdens assistant marketing manager RESIGN? Sabra Harrison THEY’RE MUCH OBLIGED projects moving, this must be so. Explain, then, director, audience development Date of poll: June 7 why these agreements have been used on more Michael O’Connor 605 votes senior audience development manager Considering Brooklyn Hospital’s $20 million than 70 projects to stimulate $15 billion of Tarek Cotran outstanding loan (“Brooklyn hospitals must private development? Yes. Even if he merge or die,” June 6), and using what Long If union contractors can’t compete, someone director of e-commerce strategy didn’t break the Island College Hospital recently said in a court ought to let Crain’s know, as on its latest list of Kristi Serrano

law, he lied to . 59% web developer, interactive voters for a week. filing was a $100 million malpractice liability as the top 25 firms, nearly all are unionized. Our Chris O’Donnell a proxy for the hospitals’ various liabilities, it’s at challenges require serious scholarship and least $150 million in obligations. Sounds like the analysis, not ideological laziness. NEW YORK PRODUCTION

No. This was a

state is going to need a bigger Band-Aid! —paul e. fernandes production and pre-press director personal mistake . 24% 17%. Michael Corsi that shouldn’t —eric l. ploen Chief of staff Building and Construction Trades Council advertising production manager negate his work Suzanne Fleischman Wies as a CONSTRUCTION CRITICISM of Greater New York congressman. Maybe. He should resign if PUBLISHED BY CRAIN COMMUNICATIONS INC. he broke House Apparently, if Greg David reads something, BEHIND THE M.B.A. DOWNTURN chairman Keith E. Crain rules or used he thinks it must be true. How else to explain president Rance Crain government his June 6 column regurgitating claims made in Applications to M.B.A. programs are down secretary Merrilee Crain resources a Regional Plan Association report on the [partly because] the degree isn’t worth what it treasurer Mary Kay Crain to interact executive vp, operations William Morrow with those construction industry that are patently false? used to be (crainsnewyork.com, April 26). One senior vp, group publisher Gloria Scoby women. He repeats the lie that union construction of the biggest unemployed groups [is] people group vp, technology, circulation, workers’ hourly rates of pay don’t include fringe with master’s degrees. manufacturing Robert C. Adams benefits and, when they are factored, these rates —randi chisholm vice president/production & can double. Not even remotely true.These manufacturing David Kamis chief information officer Paul Dalpiaz hourly rates include fringe benefits. CRAIN’S WELCOMES SUBMISSIONS to its opinion Mr. David goes on to assert that, because founder G.D. Crain Jr. (1885-1973)

bloomberg news pages. Send letters to [email protected]. chairman Mrs. G.D. Crain Jr. (1911-1996) For this week’s questions: Go to contractors and right-wing think-tank alumni Send columns of 475 words or fewer to www.crainsnewyork.com/poll to have your say. say union cost-cutting agreements didn’t [email protected]. Please include the writer’s deliver the savings needed to get private name, company, address and telephone number.

10 | Crain’s New York Business | June 13, 2011 20110613-NEWS--0011-NAT-CCI-CN_-- 6/10/2011 1:09 PM Page 1

OPINION

benefits are endangered. Mr. Christie faces no legal barri- MEET CRAIN’S The twist in guvs’ er to making revisions for current workers, so New Jersey’s immediate gains would be much bigger than New York’s. And because he and his MOST pension dilemma predecessors, Republicans and De- 2011 mocrats alike, recklessly failed to contribute as necessary, New Jer- t is probably more than a coincidence that the governors sey’s plan is only about 66% funded, POWERFUL of New York and New Jersey both announced plans last according to the latest study of state week to reduce pensions for state employees. After all, pension plans by the Pew Charita- ble Trusts. Gov.Andrew Cuomo and Gov.Chris Christie are unit- With the possibility that benefits WOMEN in ed by their determination to shrink the size of their gov- simply couldn’t be paid, Mr. ernments to what taxpayers can afford. However, major differ- Christie is in a strong position to NEW YORK CITY I link state contributions to the pen- ences in their two proposals say a lot about the structural barriers sion fund to worker concessions. to making changes in New York and the ironic benefits of New The basic issues are pretty simple in both states: Jersey’s fiscal irrespon- In New York, Mr. First, pension costs consume sibility. Cuomo and Mayor such a big percentage of their budg- Mr.Cuomo wants to Michael Bloomberg ets (New York City’s annual costs enact less generous pen- trumpeted the plan’s have soared to about $8 billion from sions for future employ- long-term savings— $1 billion when the mayor was first ees—emphasis on “fu- $93 billion for the state elected in 2001) that they take mon- Crain’s New York Business recognizes what it means ture.” He would raise and $30 billion for the ey from schools, infrastructure and to command incredible power in this city. On the retirement age to 65 city over 30 years—be- benefits for those who need them for most state and city cause the immediate most.Second,public-sector workers June 27th, Crain’s will unveil The 50 Most Powerful workers, double em- benefits are only a tiny today retire with larger pensions and ployees’retirement con- GREG fraction of that. much better health care than the pri- Women in New York City —an authoritative list tributions to 6%,and re- Mr. Cuomo is ham- vate-sector workers whose taxes pay of the most important female leaders running quire police officers to DAVID strung by the law and by for those benefits. work 12 years instead of his predecessors’ fiscal The question for Mr. Cuomo is businesses and organizations that drive New York’s five to qualify for a pen- prudence. The courts whether lowering benefits for fu- sion. To end abuses, the governor have interpreted a provision of the ture employees will save enough economy. Meet these elite women and join Crain’s would no longer allow overtime to New York Constitution as prohibit- money to fix his budget problems. be counted in calculating benefits. ing any reduction in retirement ben- His budget experts will tell him the in commemorating their accomplishments at an Mr.Christie would increase con- efits to a current or retired worker. answer is no. His political advisers exclusive luncheon. tributions for current workers— Additionally, the state has been so will tell him that going after bene- emphasis on “current”—to 6.5% of good about making its contribu- fits for current workers through a salary from 5.5%, and to 10% from tions that, by the most commonly constitutional amendment or con- 8.5% for law enforcement officials. used measure, its pension fund is vention is a futile endeavor. Stay Workers would also have to pay 30% fully funded and one of the strongest tuned for whether policy or politics of their retirement health benefits. in the nation. It is not as though the wins out.

ploying higher-paid operating engi- neers on hoists and elevators, man- Construction costs dating the use of two or more workers to do the work of one, and costly requirements that standby workers from multiple high-paid trades be have reached limit on site at all times. The City of New York’s rules for training and testing crane operators BY ROBERT D. YARO are also an issue of special signifi- cance. Under the current process, ew York’s $25 billion construction industry is en- applicants need access to union gaged in labor contract negotiations with trade members and equipment to obtain a license to operate large cranes. This DATE unions that could determine its future for decades effectively grants the union control to come. Against a backdrop of at least 30% un- of licensing and in turn restricts the MONDAY, JUNE 27, 2011 employment among union construction workers, supply of workers and significantly PLACE 29 crucial construction labor contracts are scheduled to expire drives up costs. The city should im- N plement its own recommendation to 583 PARK AVENUE this year—23 of them on June 30. accept national licensing,or recipro- A generation ago, virtually all major construction in New cal licensing with other major cities, TIME building on existing regulations for 12:00-2:00 PM York was done by union labor. Now Union workers have proven to be smaller cranes. it’s down to about 60% of the market, more efficient, more reliable, better Businesses are willing to pay a PURCHASE TICKETS with the nonunion work force grow- trained and of higher quality than premium to be in New York, but the ing in skill and speed with every proj- their nonunion counterparts. region has reached a tipping point at INDIVIDUALS: $299 ect. Facing a cost premium of 20% to But union workers are also sig- which developers and contractors— TABLES OF TEN: $3,000 30% over nonunion labor—much of nificantly more expensive.To docu- as well as tenants—are no longer it from inefficient work rules—how ment the causes of these cost premi- able to bear significantly higher For tickets, go to can the unions make themselves ums, the Regional Plan Association construction costs. Bringing con- www.crainsnewyork.com/events-women more competitive and ensure their recently released a report that found struction costs back in line with oth- future role in the industry? that inefficient union work rules, er U.S. and world cities will help Make no mistake. Sustaining a out-of-date practices and feath- maintain the region’s competitive- For more information about sponsorship and unionized construction industry is erbedding were behind most of ness both here and abroad. advertising opportunities, contact Trish Henry in everyone’s interest, offering a these additional costs. at 212.210.0711 or [email protected] range of advantages for both the in- Examples of antiquated,cost-in- Robert D. Yaro is president of the Regional dustry itself and for New York. flating labor practices include em- Plan Association.

June 13, 2011 | Crain’s New York Business | 11 20110613-NEWS--0012-NAT-CCI-CN_-- 6/9/2011 6:03 PM Page 1

REALeals Pu ESTATE D MEET AND (Nearly) full up MINGLE downtown with Crain’s 2011 Top Entrepreneurs ondé Nast’s recent decision to lease 1 million square feet at 1 World Trade Center was hailed as a game changer for the neighborhood, Csomething that would spark other top-tier companies to move downtown. Launching a business in this uncertain DATE That may be harder to do, however, than many people economy is not for the faint hearted, and Monday, June 20, 2011 realize.The truth is that the vacancy rate for Class A space in yet many New York City entrepreneurs the immediate area—officially the World Trade Center submarket—is a rock-bottom 4%, according to brokerage are taking the plunge. What does it take PLACE Cassidy Turley.That is second only to the 0% vacancy rate in to pull off a successful launch now? The Yale Club 50 Vanderbilt Avenue the SoHo/NoHo/Greenwich Village submarket, a success New York, NY that owes much to the fact that there is actually only one Class Crain’s New York Business 16th annual A building in that submarket: a 122,000-square-foot building Top Entrepreneur Awards will spotlight at 610 Broadway. TIME In contrast,the World Trade Cen- the World Trade Center is $62.94, the contribution of the thousands of 8:00-8:30 am ter area has 10 top-drawer buildings but take the pricey new 7 World small businesses in the city and focus Networking Breakfast with about 17.2 million square feet of Trade out of the mix and the average space. A dearth of big blocks of space drops to around $50, Mr. Sammons on strategies to grow in the challenging 8:30-9:30 am and cheaper rents have been driving said. That is 25% less than mid- Program tenants downtown,said Robert Sam- town’s $66.97 average. It’s also a New York market. mons,vice president of research serv- hefty 35% below the rent for an av- ices at Cassidy Turley. erage square foot in the tony Plaza The average asking rent per district. OPENING REMARKS: COST TO ATTEND square foot for Class A space around —theresa agovino Robert Walsh, Commissioner, NYC SBS $75 for individual tickets. $750 for table(s) of ten. Potbelly Sandwich Shop, a Chica- Russian oil giant go-based gourmet sandwich maker, RESERVE YOUR SEAT TODAY. grabs bargain has signed a 15-year lease for 8,400 TO PURCHASE TICKETS square feet at 501 Seventh Ave., be- Go to crainsnewyork.com Seizing the advantage of rents still tween West 37th and West 38th /events-top or fax your well below their peaks, Lukoil streets. business card and North America is moving its head- The asking rent for the deal, quarters, with roughly 50 staffers, which includes a mezzanine, the credit card information from Long Island to a tony spot on main floor and a lower level, was to “Top Entrepreneurs” Fifth Avenue, in the heart $200 a square foot. at 212.210.0499 of midtown. Jeff Roseman and Marc The Russian oil con- Frankel of Newmark cern has signed a 10-year Knight Frank represented sublease for 10,400 square Potbelly in the lease nego- feet in the CIT Building tiations. Founded in 1977, at 505 Fifth Ave., from sub- Potbelly has more than lessor CIT Group Inc. 200 locations in 12 states Harly Stevens and Philip and Washington, D.C. Heilpern of CB Richard Earlier this year, the Ellis Inc. represented the chain announced plans to tenant, while Newmark open its first two New You must be pre-registered to Knight Frank negotiated York City outposts in the attend this event. Seating is for the landlord. The ask- summer, with locations at limited. No refunds permitted. ing rent for the ninth- 150 E. 44th St. and 101 505 Fifth Ave. For more information, call the floor space was $65 per Maiden Lane. The store- Events Hotline at 212.210.0739 square foot. front at 501 Seventh Ave., Lukoil will move from a building which is expected to open by the end CRAIN’S it owns on Hempstead Turnpike in of this year, will be the largest of the East Meadow later this month. three. The previous tenant in the PRESENTING SPONSOR Mr. Stevens said that the space space, a Hallmark store, moved out was recently built out at great ex- in January. pense by CIT and includes furni- “Between the trains from Penn ture. The 300,000-square-foot, 28- Station, subway lines and being story building on the corner of Fifth across Seventh Avenue from Avenue and West 42nd Street is Macy’s,it’s a phenomenal area,”said new, having opened just five years Fred Posniak, senior vice president 2011 TOP ago. Moreover, the long-term sub- of landlord W&H Properties. Mr. lease locks the tenant in at a below- Posniak said tenants in the building market rent through 2021. were polled on what they’d like to “Lukoil benefited from a great see come to the open space, and a SILVER SPONSOR sublease situation,” he said. food venue to complement nearby —tommy fernandez Chipotle was the most requested es- tablishment. “It’s a young,attractive place,and Chicago sandwich it should do really well,” Mr. Posni- joint hits city ak said. Andrew Goldberg and Eric ENTREPRENEURS Gelber of CB Richard Ellis repre- A Windy City sandwich chain is es- sented W&H Properties. tablishing its Manhattan flagship. —ian thomas 20110613-NEWS--0013-NAT-CCI-CN_-- 6/9/2011 5:51 PM Page 1

HEALTH CARE INSIDE LARGEST HOSPITALS in the New York area PAGE 17 ‘I got a candidate an offer of a 26% raise; his employer gave him another 32% to stay.’ —Dennis Salinas, VioSearch Inc., Page 14

Skilled OLD HAND: NYU med student Jesse Jun was workers’ initially intimidated by talking with patients but now finds it “the golden best part.” tickets Recruiters list the high-level jobs now going begging in health industry

BY GALE SCOTT

Computers have brought Joseph Vieira luck. Fifteen years ago, he was a lowly technician, running blood tests at a medical lab.Today, he’s a hot commodity:a specialist in health care information technology with management-level skills in computerized medical billing. “I didn’t have a clue I’d be doing this back then; it’s a job that didn’t even exist,” said Mr. Vieira, 36, a resident of Commack, L.I. He recently accepted a high-paying position as a revenue-cycle project manager for the North Shore-LIJ Health System, turn- ing down several competing offers. His defining 10 0 career moment— one that arrived RÉSUMÉS that while he was still North Shore-LIJ working in the WANTED: gets daily for WANTED: environmental lab—came when services jobs he decided to get involved in the computerization of that arena. “I said, ‘I like computers; I can kinder,kinder, gentlergentler docsdocs

do this,’ ” Mr. Vieira explained, buck ennis and he got the on-the-job training that made advancement possible. Many headhunters say they’d Med schools move communication skills to top of the checklist kill for more candidates with ré- sumés like Mr. Vieira’s. Although Medicine and head of a program want to create an inquisitiveness in recruiters for hospitals and related BY JUDITH MESSINA that pairs first-year enrollees with our graduates.” organizations are inundated with chronically ill patients. Though almost everyone agrees aspirants,and all projections show New York University student Jesse Jun found himself tongue- It has become clear that better that more connection with patients upward trajectories for industry tied when he met a real patient for the first time—on his first doctor-patient communi- AT WORK is a good thing, early in- employment, some types of job day of medical school. cation can improve care volvement can create com- seekers are hot and some are not. and, ultimately, costs. plications: As they are try- Several New York area re- “It’s difficult to have a normal conversation,” said Mr. Jun, A study conducted in ing to master complex cruiters said they have dozens of now in his second year. “You almost forget how to talk.” Rochester, N.Y., found 1 points of anatomy and high-paying jobs available for can- A lot of doctors-in-training are encountering such challenges that 71% of malpractice DAYS before NYU chemistry, 22-year-olds didates with the right background. cases involved a problem- medical students can also find themselves These days,that means a graduate as medical schools overhaul their curricula to put the patients, atic relationship with the grieving over the death of degree in health informatics, not the science,first.Rather than have students just sit in lecture physician, ranging from meet patients a patient or grappling with management skills and years of poor communication to issues concerning appro- experience in some aspect of med- halls for the first two years, many tered training will produce physi- failure to understand the priate behavior. ical care, particularly nursing. schools match them with patients cians who are competent not only at patient’s viewpoint. “The students have to quickly Increasingly, with the advent on Day 1. Schools are also pushing practicing medicine but also at in- “To be good caregivers, we need start learning very advanced themes of health care reform and antici- students to improve their listening teracting with the people they treat. to recognize what we don’t know that historically were never even ad- pated mandates on how much and other communication skills and “Seeing illness from the patient’s and ask questions,” said Dr. Steven dressed in medical school—grief, care should be provided and what develop the empathy now consid- perspective is the goal,” said Dr. Va- Abramson, vice dean for education, boundaries or even a patient trying it should cost, physicians willing ered essential to good doctoring. lerie Parkas, associate dean of ad- faculty and academic affairs at NYU to text you,” Dr. Parkas said. “How See TICKETS on Page 14 The expectation is that patient-cen- missions at Mount Sinai School of Langone Medical Center. “We See WANTED on Page 16

June 13, 2011 | Crain’s New York Business | 13 20110613-NEWS--0014-NAT-CCI-CN_-- 6/9/2011 5:52 PM Page 1

REPORT HEALTH CARE HOT JOBS AT HOSPITALS, HEALTH PLANS Headhunters say they’re scrambling to fill these jobs in the New York area. TITLE DUTIES TRAINING PAY Golden tickets Director, health Supervise all aspects of electronic Master’s degree, health records information $140K- information management medical records compilation administrator certification, seven years’ experience $160K Continued from Page 13 Vice president, Devise and launch managed-care Senior-level experience in health insurance $180K- ing at Smith Arnold Partners in product development insurance products or benefits consulting $200K to move to the care-management Stamford, Conn. “I’m deluged with field are in demand, too. And the people who are generalists or who Director, Set health plan’s standards for providing RN with strong Medicaid $125K- same trends mean new job possibili- come from banking and finance,but case management care and measuring cost and quality or Medicare background $135K ties for people with skills in auditing, none with skills we can use.” Practice manager Supervise operations and finances Master’s degree in health care administration $110K- fraud detection, medical economics Dennis Salinas agrees.The pres- of a medical professional or equivalent, five years’ experience $140K and marketing. There simply aren’t ident of VioSearch Inc., an Allen- corporation for a health system running a physician practice enough of them, recruiters agree. dale, N.J., recruitment firm for that recently acquired it “There’s a big disconnect be- pharmacy benefit management Clinical informatics Analyze work flow in emergency Registered nurse with IT and clinical experience $95K- tween what New York City employ- companies and health plans, is con- analyst department and tailor software in emergency department $110K ers need and what’s out there,” said ducting 55 searches to fill jobs that to improve efficiency Sima Vaisman, manager of IT pay between $90,000 and $300,000. health care and informatics recruit- “One of my PBMs needs eight auditors,” he said. Making recruitment more difficult, the competition for people with the right expertise is so intense that employers will throw money at workers who say they’re leaving. “I got a candidate an offer of a 26% raise, and his employer gave him another 32% to stay,” Mr. Sali- THE RELATIONSHIP nas said. The days when would-be defec- tors were shunned for even hinting that they might leave are long gone, YOU WANT, he added. “They get treated like nothing ever happened.” Because employers foresee problems in holding on to highly trained staffers, a stable work history often FROM THE PEOPLE makes a candidate more valuable, says Ann Hindman, recruitment director for permanent placement at Manhattan-based RCM Health YOU CAN TRUST. Care Services. She is seeking candidates for 120 New York City positions,20 of which are high-level jobs. The crème de la crème “I’d love to see a nurse with a bachelor’s in nursing and 10 years’ managerial experience, and who knows electronic medical records,” You’ve built your business on relationships, why should your banking experience Ms. Hindman said. be any different? Who wouldn’t? asks Ken Kruger, a former vice president for human resources at Mount Sinai Medical At TD Bank, we are committed to offering a higher level of personal service. Center who now runs his own firm, With access to experienced local decision makers who understand your business, Executive HealthSearch, in Man- hattan and White Plains. His latest your dedicated relationship manager provides innovative solutions — helping headache, however, is finding doc- you work toward achieving your business goals. tors willing to exchange some of their independence to take salaried jobs in organizations. • Commercial Lending “With reform coming,” he said, “everyone’s looking for physicians to • Asset Based Lending manage quality and cost.” • Commercial Real Estate At North Shore-LIJ, the painful reality is that while many people are • Cash Management out of work, the big jobs are going begging, says Susan Shevlin, vice • Equipment Financing president for talent acquisition. • Foreign Exchange The North Shore system makes a major effort to upgrade its employees’ skills, offering them formal To learn what TD Bank can do for your business, schooling at an in-house university call 1-888-751-9000 or connect to www.tdbank.com/commercialbanking. so that it can promote from within. But some vacancies remain, even as many people in the system’s service area who need employment find the bar raised beyond their reach. “My ideal candidate would be an oncology nurse-manager who knows Allscripts [medical software],” Ms. Shevlin said. But she’s besieged with candidates desperate for $20,000-to-$30,000 jobs keeping the facilities clean. “I get a ton of résumés from people who want our environmental TD Bank, N.A. | Loans subject to credit approval. Equal Opportunity Lender services jobs,” she said. “I must get 100 a day.” Ⅲ

14 | Crain’s New York Business | June 13, 2011 CN014435 5/27/11 2:24 PM Page 1 20110613-NEWS--0016-NAT-CCI-CN_-- 6/9/2011 5:53 PM Page 1

REPORT HEALTH CARE

Wanted: kinder, gentler doctors LEARNING BY WATCHING LUCIA ONE PART of the empathy-in-medicine Continued from Page 13 This year, NYU compressed the facilities that train students how to movement is an effort to help students do you handle that?” first two years of med school into one listen and talk to patients. Mount process patients’ stories as well as The emphasis on empathy is a and a half and launched a patient- Sinai’s Morchand Institute has been their emotional ups and down. Among sharp departure from the stoic pro- centered curriculum. Matched with imparting such knowledge to the the popular approaches: writing about it. gram that was standard in American patients on their first day, students city’s medical students for nearly 20 Columbia College of Physicians and medical schools for nearly 100 years. follow them for the rest of their med- years, and other schools are now es- Surgeons students can take “Narrative Traditionally, students spent their ical education, integrating diagnosis tablishing programs. Medicine.” Blogging is encouraged at first two years almost entirely in and treatment with classroom work. Mount Sinai. Third-year enrollees at Albert Einstein College of Medicine can class.They encountered patients for A similar program at Mount Play-acting sign up for “Patients, Doctors and Community.” Students at New York the first time in the third year, usu- Sinai pairs students with chronical- At Weill Cornell Medical Col- Medical College keep journals in a 3-year-old program, “Quill and Scope.” ally on a stress-filled hospital ward ly ill patients who they follow from lege’s Margaret and Ian Clinical Weill Cornell takes other cultural steps. Students can hone their powers of with just enough time to take a med- hospital to home, observing how Skills Center, started in 2007, stu- observation by viewing works at the Metropolitan Museum of Art, with ical history.That standard frequent- dents are videotaped as they deal commentary by an art historian, or they can participate in the Music and ly led to cynicism and burnout. with “patients” portrayed by actors. Medicine Initiative, a joint program of Weill Cornell and The Juilliard School “When I went through medical ‘Seeing illness Students at Albert Einstein College founded by two psychiatry professors. Students recently attended the school, in four years, I can think of of Medicine of Yeshiva University’s Metropolitan Opera for a performance of Lucia di Lammermoor, a 19th- one time where attending physicians from patients’ new Ruth L. Gottesman Clinical century work by Gaetano Donizetti featuring a famous mad scene after the saw me with a patient and I got feed- Skills Center learn by delivering a distraught heroine has killed the man she was forced to marry. back,” said Dr. Paul Gross, a doctor perspective diagnosis of cancer or dealing with First-year student Tiffany Peng says that the opera gave her insight into of family medicine at Montefiore distraught family members, in both the emotions of a mentally ill person. Letting the music affect you, she said, Medical Center and Einstein Med- is the goal’ real and simulated situations. “allows you to experience [the character’s] madness on another level.” A ical College, and editor of an online “We start with the basics, like trumpet player, Ms. Peng is also taking jazz-trumpet classes at Juilliard literary journal called “Pulse: Voices doctors not allowing patients to talk, through the joint program. From the Heart of Medicine.” or focusing on specific symptoms rather than how disease is affecting a Continuing to pursue her music will help her be a better doctor, Ms. Peng Make it meaningful patient’s life,” said Martha Grayson, said: “If you remember the parts of yourself that make you what you are, Schools are now trying to make their illness unfolds and their strug- senior associate dean for medical ed- independent of what you do [as a profession], it helps you remember that early involvement the norm. With- gles coping with it. ucation at Albert Einstein. patients are people independent of the boxes you put them in to out providing an immediate and Mr. Jun’s encounters at a Lower The empathy movement has been understand their illness.” concrete connection to patients, East side clinic with a homeless pa- going on for less than a decade in most —JUDITH MESSINA they find it harder to engage stu- tient suffering from both physical schools. Though they cite anecdotal dents and make the complex science and mental disabilities were a reve- evidence, administrators cannot say meaningful. (Graduates must also lation. “I came to understand just with certainty that they are producing Xingchen Mai, a Cleveland na- person, and the science is more tan- show proficiency in patient commu- what it took for this man to get to more sensitive doctors. What studies tive finishing his first year at NYU, gible,” Mr. Mai said. nication to become licensed.) the hospital from the shelter and the do show is that patients who have says he came as the stereotypical And for Mr. Jun, speaking with “To keep students interested in subway with excruciating knee and good relationships with their physi- male med-school student. He fig- patients is no longer the intimidat- basic sciences was increasingly chal- back pain,” he said. cians are more likely to follow orders ured he would become a surgeon, a ing prospect it was at first. lenging,”Dr.Abramson said.“We no Much of the new learning is cen- and less likely to sue for malpractice. specialty in which patient contact is “Talking to the patient is the best longer teach science that is not rele- tered on communication skills, and Proof or not, students like learn- limited. He now wants to go into part,” Mr. Jun said.“I feel a lot more vant to diseases that patients have.” med schools are investing money in ing the new way. cardiology.“You see the patient as a confident.” Ⅲ

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16 | Crain’s New York Business | June 13, 2011 20110613-NEWS--0017-NAT-CCI-CN_-- 6/9/2011 5:54 PM Page 1

REPORT HEALTH CARE

Highest-Paid Executives

OFFICER 2009 CASH COMPENSATION* Miguel A. Fuentes Jr. $3,573,888 President, chief executive / Bronx-Lebanon Hospital Herbert Pardes, M.D. $2,770,453 President, chief executive / New York-Presbyterian Hospital Kenneth L. Davis, M.D. $2,646,548 President, chief executive / Mount Sinai Hospital Robert I. Grossman, M.D. $2,387,704 Chief executive, dean / NYU Langone Medical Center Louis A. Shapiro $2,099,736 President, chief executive / Hospital for Special Surgery

*Total reportable cash compensation paid by the organization and related organizations, as reported on the organizations’ Form 990s for 2009. New York Area’s Largest Hospitals Ranked by operating expenses

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June 13, 2011 | Crain’s New York Business | 17 20110613-NEWS--0018-NAT-CCI-CN_-- 6/9/2011 5:55 PM Page 1

REPORT HEALTH CARE

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'!(&<>1?501:@/45121D1/A@5B1 &1/2(04$5,10 311-'$.(142,5$.(',&$.(05(3 >;;70-81%8-F- CCC.>;;70-814;?<5@-8;>3 >;;78E:#, !/) #* *-&(" % 9(&65,7( (+ #%0<>1?501:@/45121D1/A@5B1 &1/2(04$5,10 $,05$30$%$4(',&$.(05(3 $80'4;>@588?&;-0 CCC?-5:@.->:-.-?/;9 !5B5:3?@;:# !%*(%) #* (/)*$ 9(&65,7( &%# #+(&/45121D1/A@5B1'-5:@->:-.-?1-8@4->1'E?@19 &1/2(04$5,10 (8$3-(5+43$(.(',&$.(05(3 !E;:?B1 CCC?-5:@.->:-.-?/;9 #1C->7# !%*(%) #* (/)*$ 9(&65,7( &%# #+(&/45121D1/A@5B1'-5:@->:-.-?1-8@4->1'E?@19 &1/2(04$5,10 St. Vincent’s Hospital closed in April 2010 and is not included in the list. New York area includes New York City and Nassau, Suffolk and Westchester counties in New York, and Bergen, Essex, Hudson and Union counties in New Jersey.Crain’s uses staff research, extensive surveys and the most current references available to produce its lists, but there is no guarantee that these listings are complete.To qualify for this list,a hospital must be located in the New York area. Hospitals are ranked by unrounded total operating expenses of separately incorporated facilities, as identified by Medicare number, and may include multiple facilities. Information was supplied by the hospitals. Operating expenses are for calendar year unless otherwise noted. 2009 compensation is provided for the current chief or most senior executive, who may not have been the most highly compensated individual in the organization. Cash compensation figures were obtained from each hospital and verified against each hospital’s Form 990 for 2009—the latest available—unless otherwise noted. Figure includes base compensation, bonus and incentive compensation, and other reportable compensation from the organization and related organizations. Kings County Hospital Center, Bellevue Hospital Center, Jacobi Medical Center and Elmhurst Hospital Center are part of the New York City Health and Hospitals Corp., a public benefit corporation, and they do not file Form 990s. n/a Not applicable. n/d Not disclosed. 1-Hospital beds only, excluding nursery; as of Dec. 31. 2-Full-time and full-time-equivalent only, including house staff; as of Dec. 31. 3-Includes emergency room, outpatient, home care, etc.; as of Dec. 31. 4-As of Dec. 31. 5-Dr. Pardes is an employee of New York-Presbyterian Hospital, and he receives his compensation from New York-Presbyterian Hospital. 6-Includes a supplemental executive retirement plan distribution of $145,973 and accrued and unpaid service costs of $319,889. 7-Dr.Thompson became president and chief executive in No- vember 2010. He was not an employee of the hospital in 2009. 8-Includes physician and nonphysician contact activities per the 2010 New York State Institutional Cost Report, Exhibit 33. 9-Dr. Davis received $1,323,274 from Mount Sinai Hospital. Additional compensation was from Mount Sinai Medical School. 10-Excludes newborns. 11-Includes $629,954 in contributions to a supplemental executive retirement plan. All North Shore-LIJ health entities contribute to compensation. 12-All Continuum hospitals contribute to compensation. 13-Fiscal year ends Aug. 31. Most recent operating expenses are for the year ended Aug. 31, 2009. 14-$1,193,852 of Dr. Grossman’s compensation came from his work as chief executive, NYU Langone Medical Center. The balance was from his work as dean, NYU School of Medicine. Includes retirement plan contribution of $419,797. 15-Mr. Garrett was appointed president and chief executive in November 2009. He had previously been the chief operating officer, then acting president and chief executive. Compensation includes $315,242 in contributions to a supplemental retirement plan and $34,818 in deferred compensation. 16-Includes $41,925 in contributions to a supplemental non-qualified retirement plan. 17-Hospital did not disclose compensation. Hospital is a public benefit corporation and does not file a Form 990. 18-Mr. Collins became chief executive March 1, 2009. He had previously been chief operating officer. 19-Fiscal year ends June 30. Most recent figures are for the year ended June 30, 2010. 20-Mr. Martin is also senior vice president, Central Brooklyn Family Healthcare Network. 21-Ms. Curtis is also senior vice president, South Manhattan Healthcare Network. 22-Hospital became part of North Shore-LIJ Health System in May 2010. 23-Includes $323,699 in deferred compensation. 24-Mr. Walsh is also executive director, North Central Bronx Hospital, and senior vice president, North Bronx Healthcare Network. 25-Mr. Flanz is also chief executive of MediSys Health Network Inc. Compensation is paid by MediSys Health Network Inc. 26-Includes $290,000 in unvested benefits in a long-term incentive plan. Compensation is paid solely by a management company owned by the Saint Barnabas Health Care System. 27-Unaudited. Research: Dana Gordon, Suzanne Panara, Suzanne Bernard and Jonas Altman-Kurosaki

18 | Crain’s New York Business | June 13, 2011 20110613-NEWS--0019-NAT-CCI-CN_-- 6/9/2011 5:55 PM Page 1

SMALL BUSINESS Insurance exchange debate heats up

state Senate released versions of the of the health insurance market. Ac- As Albany pols mull structure, owners say proposed legislation last week. The cording to experts, enlarging the in- any marketplace must provide price relief governor’s version is silent on whether sured pool to include more of the the exchange will be an active procur- chronically ill would lower costs for of which have enacted legislation or er, and calls for further study on a individuals but could lead to higher BY JUDITH MESSINA have it in the works. The choice merger of the individual and small premiums for businesses. must be made and approved by the business markets. The Senate plan Whatever form the exchange n the three years that Eliza- Legislature by June 20,the end of its prohibits joining these markets. takes,it has to do one thing for busi- beth Crowell has offered session, in order for New York to be ness owners such as Ms. Crowell— health insurance to employ- eligible for millions in federal grants Higher premiums for business? bend the cost curve downward.

ees at her Brooklyn antiques to help establish the marketplace. Business advocates are also con- “If you have a cost to a business buck ennis shops, she’s weathered two The pace is likely to pick up now cerned that merging markets would that jumps 20% to 25% a year, it’s NO CONTROL: Insurance is the “unmanageable” Irate hikes, of 20% and 25%, on her that Gov. Andrew Cuomo and the ultimately drive many small firms out unsustainable,” she said. Ⅲ cost for antiques store owner Elizabeth Crowell. Empire Blue Cross plan. She is bracing for renewal in November, when she will learn whether she’s in for another steep increase in 2012. “It’s the only cost in my business that’s unmanageable,” said Ms. Crowell. Last year, she spent $25,500 on coverage for her four- person family and the two full-time employees at her two shops, both called Sterling Place. Ms. Crowell may get some relief from a state health insurance exchange for residents and small companies, the details of which are being hammered out by state officials. The exchange could make buying coverage cheaper and easier, but businesses worry that it could make insurance more affordable for individuals at their expense. “The bigger focus has been on the individual side of it,” said Vince Ashton, executive director of HealthPass, a downstate insurance marketplace for small businesses that is angling to run the exchange. By January 2014,states must have a health care exchange in place for individuals and small businesses that meets minimum standards under the federal Affordable Care Act. Ex- changes will operate as Internet por- tals that let buyers compare plans. Finding a format Optimizing working capital New York is determining how to structure its exchange. Key matters and questions include naming or to spur epic growth. Theater by theater. creating a governing body to super- ™ vise the exchange, and whether that Opportunity at every step. body will vet offerings; if there will be a single exchange for the whole state or several regional ones; and if the small business and individual Through blockbusters, sequels and sleepers, we have helped Regal Entertainment Group achieve unparalleled markets should be merged. Many New Yorkers support the growth. By combining control with advanced visibility our treasury management solutions enable Regal to use idea of an exchange but differ on working capital more effectively. Highly dened tools help speed their collections and optimize their payables. some major points. A large number of consumer With more free time and working capital, Regal can focus more clearly on their big nancial picture. And ultimately groups, for example, want the exchange to be an active purchaser,ne- achieve their goal of bringing more movies to more people. gotiating and determining who can sell what. Small businesses, on the other hand, want flexibility and the Learn more about our comprehensive treasury management solutions. widest possible choice, and largely oppose the active-purchaser role. Call 1.212.796.6947 or visit bankofamerica.com/businesssolutions1 “We think it will limit choice and competition,”says Margaret Moree, director of federal affairs for the Business Council of New York State. The only decision New York must make now concerns the governing body. It lags other states, 20 “Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking afliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking afliates of Bank of America To sign up for Crain’s Corporation (“Investment Banking Afliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., all of which are registered broker dealers and members SMALL BUSINESS newsletter, go to of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. Investment products offered by Investment Banking Afliates: Are Not FDIC Insured May Lose Value Are Not Bank Guaranteed. ©2011 Bank of America www.crainsnewyork.com/smallbiz. Corporation. ARH2Q421

June 13, 2011 | Crain’s New York Business | 19 nb24p20-22cl.qxp 6/10/11 2:45 PM Page 20

ACCOUNTING SERVICES PUBLIC & LEGAL NOTICES FORENSIC ACCOUNTANT Fraud Investigation, Litigation Notice of Qualification of ALVAREZ & Notice of Qualification of Klingenstein NOTICE OF FORMATION OF Notice of Qualification of 180 Orchard Support in Fraudulent activities, MARSAL GLOBAL ASSET ADVISORY Fields Asia Fund Management, LLC. Quartermaster Corps LLC. Articles Owner LLC. App for Auth. filed with matrimonial and commercial matters. SERVICES, LLC. Authority filed with Authority filed with NY Dept. of State of Organization filed with the Secy. of State of NY (SSNY) on Security & prevention procedures. Secy. of State of NY (SSNY) on on 11/18/10. Office location: NY Secretary of State of NY (SSNY) on 4/27/11. Office location: NY County. Business valuations and split ups. 06/02/11. Office location: NY County. County. Princ. bus. addr.: 787 7th Ave., March 24, 2011. Office location: LLC formed in Delaware (DE) on Matters relating to Grievance Committee. LLC formed in Delaware (DE) on 6th Fl., NY, NY 10019. LLC formed in NEW YORK County. SSNY has been 4/18/11. SSNY designated as agent (718) 629-8767 06/03/10. Princ. office of LLC: Joel DE on 10/21/10. NY Sec. of State designated as agent upon whom of LLC upon whom process against A. Poretsky, Esq., Alvarez & Marsal, designated agent of LLC upon whom process against it may be served. it may be served. SSNY shall mail EVENT 600 Lexington Ave., NY, NY 10022. process against it may be served and The Post Office address to which the process to: c/o Brack Capital Real SSNY designated as agent of LLC shall mail process to: c/o CT SSNY shall mail a copy of any process Estate Ltd., 885 Third Ave., NY, NY ACG New York Champion Awards upon whom process against it may Corporation System, 111 8th Ave., NY, against the LLC served upon him/her 10022, Attn: Issac Hera. DE address will recognize and honor New York’s be served. SSNY shall mail process NY 10011, regd. agent upon whom is: 1240 N. Lake Shore Drive, #4B, of LLC: c/o Diversified Corporate top transactions, the leading firms, services to c/o Corporation Service Co. process may be served. DE addr. of C/O Ellis Regenbogen, Chicago, IL Services Int’l, Inc., 508 Main St., and deal-makers of the year. The Peter (CSC), 80 State St., Albany, NY LLC: The Corporation Trust Co., 1209 60610. The principal business address Wilmington, DE 19804. Cert. of Form. Hilton Leadership Award will be pre- 12207-2453. DE addr. of LLC: c/o Orange St., Wilmington, DE 19801. of the LLC is: 1240 N. Lake Shore filed with DE Secy. of State, 401 sented to Bobby Blumenfeld, ACG NY CSC, 2711 Centerville Rd., Ste. 400, Cert. of Form. filed with DE Sec. of Drive, #4B, Chicago, IL 60610. Federal St., Ste. 4, Dover, DE 19901. past President from 2004-2010. When: Wilmington, DE 19808. Cert. of State, 401 Federal St., Dover, DE Purpose: any lawful act or activity. Purpose: any lawful activity. Monday, June 20, 2011 6:00 p.m. - 10:00 Form. filed with Secy. of State of 19901. Purpose: any lawful activity. Notice of Formation of STUART KLODA, LYDIA PROPERTIES, LLC a domestic p.m. Where: Sotheby’s Auction House, DE, 401 Federal St., Dover, DE ALL ENTERPRISES, LLC, a domestic MD, PLLC. Arts. of Org. filed with Secy. Limited Liability Company (LLC), filed 1334 York Avenue, New York, NY 10021 19901. Purpose: Any lawful activity. Limited Liability Company (LLC), filed of State of NY (SSNY) on 05/31/11. with the Sec of State of NY on Price: General Price: $345 Member Notice of Formation of CUMULUS with the Sec of State of NY on 2/9/11. Office location: NY County. Princ. 3/29/11. NY Office location: New Price: $295 Register at www.acgnyc.org HR, LLC. Arts. Of Org. filed with Secy NY Office location: New York County. office of PLLC: Stuart Kloda, MD, 500 York County. SSNY is designated as of State of NY (SSNY) on 05/31/2011. SSNY is designated as agent upon W. 56th St., Apt. 524, NY, NY 10019. agent upon whom process against Office location: New York County. whom process against the LLC may SSNY designated as agent of PLLC the LLC may be served. SSNY shall FINANCIAL SERVICES SSNY designated as agent of LLC be served. SSNY shall mail a copy upon whom process against it may mail a copy of any process against upon whom process against it may of any process against the LLC be served. SSNY shall mail process the LLC served upon him/her to The Former Bank CEO has private capital be served. SSNY shall mail process served upon him/her to Al Lawrence to the PLLC at the addr. of its princ. LLC, 390 West End Ave., Unit 6G, to make both commercial mortgages to: c/o Harry Feinberg, 489 Fifth & Company, Inc., c/o Anthony office. Purpose: Any lawful activity. NY, NY 10024. General Purposes. and commercial loans to small busi- Avenue, Second Fl., New York, N.Y. Degrotta, 225 E. 45th St., NY, NY 10017 Purpose: any lawful activities. 10017. General Purposes. Notice of Formation of Betty Rose Notice of Formation of HUDSON nesses. Also experts at handling bank Properties LLC. Arts. of Org. filed STREET SOUPS LLC. Arts. of Org. workouts for small businesses. Call Notice is hereby given that a license Notice of Qual. of Half Moon Capital with Secy. of State of NY (SSNY) on filed with Secy. of State of NY (SSNY) Michael at (203)605-4082 or email (#TBA) for LIQUOR has been applied Partners, LP, Auth. filed Sec’y of 6/1/11. Office location: NY Co. SSNY on 05/26/11. Office location: NY [email protected] for by LANDRY’S SEAFOOD HOUSE- State (SSNY) 3/4/11. Office loc.: NY designated as agent of LLC upon County. Princ. office of LLC: Hale and NORTH CAROLINA INC. at retail, in County. LP org. in DE 3/1/11. SSNY whom process against it may be Hearty Soups LLC, 75 Ninth Ave., NY, a RESTAURANT, under the ABC Law desig. as agent of LP upon whom served. SSNY shall mail process to: NY 10011. SSNY designated as agent at 233 PARK AVE. SOUTH, NY, NY process against it may be served. c/o Eric W. Rubinstein, Esq., Kaufman of LLC upon whom process against it REAL ESTATE 10003 for on-premises consumption. SSNY shall mail copy of proc. to Friedman Plotnicki & Grun, LLP, 300 may be served. SSNY shall mail Att: Eric DeLamarter, 168 First Ave., East 42nd St., 8th Fl., NY, NY 10017, process to c/o Corporation Service COMMERCIAL Notice of Qual. of Half Moon GP, LLC, NY, NY 10009. DE off. addr.: CSC, also the registered agent. Purpose: Co., 80 State St., Albany, NY 12207. Auth. filed Sec’y of State (SSNY) 2711 Centerville Rd., Wilmington, any lawful activities. Purpose: Any lawful activity. HUDSON VALLEY AREA of NYS 3/4/11. Office loc.: NY County. LLC DE 19808. Cert. of LP on file: SSDE, Notice of Qual. of Concept Capital 1)Hospital 100 Beds 22ac, assisted living org. in DE 3/1/11. SSNY desig. as Townsend Bldg., Dover, DE 19901. THERMOCYCLOMICS, LLC, a Markets, LLC, Auth. filed Sec’y of 2)School 60K SF Gym Pool Borders Park agent of LLC upon whom process Name/addr. of each gen. ptr. avail. domestic Limited Liability Company State (SSNY) 4/12/11. Office loc.: NY 3)Investment. Chase Bank Anchor 25K sf against it may be served. SSNY at SSNY. Purp.: any lawful activities. (LLC), filed with the Sec of State of 4)Pvt Airport 3850”RW Dvlopmnt Land shall mail copy of proc. to Att: Eric NY on 2/18/11. NY Office location: County. LLC org. in DE 6/30/09. 5)Legendary Music Venue 1000 Seats DeLamarter, 168 First Ave., NY, NY Notice of Formation of MOBILE NEW YORK County. SSNY is desig- SSNY desig. as agent of LLC upon 6)200,000 SF Bio, Hi-Tech, Back Office 10009. DE off. addr.: CSC, 2711 TRANSIT SOLUTIONS LLC. Arts. of nated as agent upon whom process whom process against it may be www.crproperties.com 845-485-3100 Centerville Rd., Wilmington, DE Org. filed with Secy. of State of NY against the LLC may be served. SSNY served. SSNY shall mail copy of 19808. Cert. of Form. on file: SSDE, (SSNY) on 04/29/11. Office location: shall mail a copy of any process proc. to 527 Madison Ave., 6th Fl., Townsend Bldg., Dover, DE 19901. NY County. Princ. office of LLC: 322 against the LLC served upon him/her NY, NY 10022. DE off. addr.: CSC, PUBLIC & LEGAL Purp.: any lawful activities. Central Park West, NY, NY 10025. to The LLC, 200 W. 57th St., Ste. 1301, 2711 Centerville Rd., Wilmington, DE SSNY designated as agent of LLC NY, NY 10019. General Purposes. 19808. Cert. of Form. on file: SSDE, NOTICES The Public is hereby notified of the upon whom process against it may Townsend Bldg., Dover, DE 19901. Formation of a limited liability com- be served. SSNY shall mail process GG CLINICAL RESEARCH CONSUL- Purp.: any lawful activities. pany in the county of Kings in the TANTS, LLC, a domestic Limited Notice of Formation of ICS Manager to c/o Alex Bell at the princ. office of State of New York. The company the LLC. Purpose: Any lawful activity. Liability Company (LLC), filed with the NOTICE OF FORMATION of FIELDSTONE 1501 86th Street, LLC. Arts. of Org. name: Thow LLC. The address is: 23 Sec of State of NY on 5/10/11. NY WORLD LLC. Article of Organization filed with Secy. of State of NY (SSNY) Brighton 4 Terr, Brooklyn, NY 11235. Notice of Formation of Skin Holdings, Office location: New York County. filed with the Secretary of State of NY on 4/5/11. Office location: NY Co. SSNY is designated as agent upon (SSNY) on 01/26/11. Office location: NY The Public is hereby notified of the LLC. Arts. of Org. filed with NY Dept. SSNY designated as agent of LLC whom process against the LLC may County. SSNY has been designated Formation of a limited liability of State on 4/27/11. Office location: upon whom process against it may be served. SSNY shall mail a copy as agent upon whom process against company in the county of Kings in NY County. Sec. of State designated be served. SSNY shall mail process of any process against the LLC it may be served. SSNY shall mail a the State of New York. The company agent of LLC upon whom process to: c/o Crown Acquisitions, Inc., Attn: served upon him/her to The LLC, copy of any process against the LLC name: HUR Trading LLC. The against it may be served and shall Richard Chera, 362 Fifth Ave., Ste. 455 Main St., Apt. 4P, NY, NY 10044. served to: The LLC, 200-210 East address is: 1074 Coney Island mail process to: Klestadt & Winters, 1201, NY, NY 10001. Purpose: any General Purposes. 65th St., Suite 9M, NY, NY 10065. Avenue, Brooklyn, NY 11230. LLP, 570 7th Ave., 17th Fl., NY, NY lawful activities. 10018, Attn: Ian R. Winters, regd. Purpose of LLC: to engage in any NOTICE OF FORMATION of Peasant Notice of Qualification of Fillmore East Notice of Formation of Jade Kee agent upon whom process may be lawful act or activity. Wholesale LLC. Office of location: NY served. Purpose: any lawful activity. Prince Productions LLC. Article of BS Finance Subsidiary, LLC. Authority Notice of Formation of 306 WEST 97 County. SSNY designated as agent Organization filed with the Secretary filed with NY Dept. of State on 4/8/11. NOTICE OF FORMATION of Kanook COVE CLUB EQUITIES LLC. Arts. of for processing. SSNY shall mail a of State of NY (SSNY) on 04/11/2011. Office location: NY County. LLC formed Capital LLC Art. of Org filed Sec’y of Org. filed with Secy. of State of NY copy of any process to 32 Orchard Office location: NY County. SSNY has in DE on 1/19/06. NY Sec. of State State (SSNY) 5/4/11. Office location: (SSNY) on 06/01/11. Office location: Street, New York, NY 10022-5219. been designated as agent upon whom designated agent of LLC upon whom New York County. SSNY designated NY County. Princ. office of LLC: 55 Purpose: to engage in any lawful act. process against it may be served. process against it may be served and as agent of LLC upon whom process The Post Office address to which the Fifth Ave., 15th Fl., NY, NY 10003- shall mail process to the principal ROTHSCHILD REALTY ASSOCIATES, against it may be served. SSNY SSNY shall mail a copy of any process 4398. SSNY designated as agent of business addr.: c/o Windels Marx Lane LLC; Arts., of Org., filed with NY Sec. shall mail copy of process to Edward against the LLC served upon him is LLC upon whom process against it & Mittendorf LLP, 156 W. 56th St., 23rd of State (“SSNY”) 5/16/2011. Office in Farrell, Esq., Tarter Krinsky & Drogin C/O the LLC 265 East 66th Street, may be served. SSNY shall mail Fl., NY, NY 10019, Attn: Tina Gagliano. New York County; SSNY designated LLP, 1350 Broadway, 11th Floor, New Apt 35G, NY, NY, 10065. Purpose of process to Robert Kantor at the princ. DE addr. of LLC: c/o Corporation agent for service of process with copy York, NY 10018. Registered agent LLC: to engage in any lawful act or office of the LLC, regd. agent upon Service Co., 2711 Centerville Rd., mailed to The LLC, 265 E. 66th Street, upon whom process may be served activity. Street address of Principal whom and at which process may be Ste. 400, Wilmington, DE 19808. NY, NY 10065, Attn: Marc Rothschild, is Edward Farrell, Esq., Tarter Krinsky Business location is: 265 East 66th served. Purpose: Any lawful activity. Cert. of Form. filed with DE Sec. of All lawful business purposes. & Drogin LLP, 1350 Broadway, 11th Street, Apt 35G, NY, NY, 10065. State, 401 Federal St., Dover, DE Floor, New York, NY 10018. Purpose: Notice of Qualification of BAYRIDGE 19901. Purpose: any lawful activity. Notice of Qualification of HealthCor any lawful activities. Notice of Qualification of SAVANNA SECURITIES, LLC. Authority filed Long Master GP, LLC. Authority filed SERVICES HOLDINGS, LLC. Authority with Secy. of State of NY (SSNY) on Notice of Qualification of Fillmore East with Secy. of State of NY (SSNY) on Notice of Qualification of JER filed with Secy. of State of NY (SSNY) 5/5/11. Office location: NY County. MS Finance Subsidiary, LLC. Authority 04/05/11. Office location: NY County. Management, L.L.C. Authority filed on 05/25/11. Office location: NY LLC formed in Delaware (DE) on filed with NY Dept. of State on 3/30/11. LLC formed in Delaware (DE) on with NY Dept. of State on 4/26/11. NYS County. LLC formed in Delaware (DE) 10/7/10. SSNY designated as agent Office location: NY County. LLC 03/17/11. Princ. office of LLC: fict. name: JER Partners LLC. Office on 05/24/11. Princ. office of LLC: 10 of LLC upon whom process against formed in DE on 2/24/06. NY Sec. of Carnegie Hall Tower, 152 W. 57th location: NY County. Princ. bus. addr.: E. 53rd St., 37th Fl., NY, NY 10022- it may be served. SSNY shall mail State designated agent of LLC upon St., 43rd Fl., NY, NY 10019. SSNY 1650 Tysons Blvd., Ste. 1600, McLean, 5056. SSNY designated as agent of process to: National Registered Agents, whom process against it may be served designated as agent of LLC upon VA 22102. LLC formed in DE on LLC upon whom process against it Inc., 875 Ave. of The Americas, Ste. and shall mail process to the principal whom process against it may be 5/7/10. NY Sec. of State designated may be served. SSNY shall mail 501, NY, NY 10001. Principal office business addr.: c/o Windels Marx Lane served. SSNY shall mail process to agent of LLC upon whom process process to c/o Corporation Service address: The LLC, 825 Third Ave, 6th & Mittendorf LLP, 156 W. 56th St., 23rd the LLC at the princ. office of the LLC. against it may be served and shall Co., 80 State St., Albany, NY 12207- Floor, NY, NY 10022. Address to be Fl., NY, NY 10019, Attn: Tina Gagliano. DE addr. of LLC: 2711 Centerville mail process to: c/o Corporation 2543. DE addr. of LLC: 2711 maintained in DE: c/o National DE addr. of LLC: c/o Corporation Rd., Ste. 400, Wilmington, DE 19808. Service Co., 80 State St., Albany, NY Centerville Rd., Ste. 400, Wilmington, Registered Agents, Inc., 160 Greentree Service Co., 2711 Centerville Rd., Cert. of Form. filed with DE Secy. of 12207. DE addr. of LLC: 2711 DE 19808. Cert. of Form. filed with Dr., Ste. 101, Dover, DE 19904. Arts Ste. 400, Wilmington, DE 19808. State, Div. of Corps., John G. Centerville Rd., Ste. 400, Wilmington, Secy. of State of DE, Div. of Corps., of Org. filed with DE Secy. Of State, Cert. of Form. filed with DE Sec. of Townsend Bldg., 401 Federal St., DE 19808. Cert. of Form. filed with DE John G. Townsend Bldg., 401 Federal John G. Townsend Bldg., 401 State, 401 Federal St., Dover, DE Ste. 4, Dover, DE 19901. Purpose: Sec. of State, 401 Federal St., Dover, St., Ste. 4, Dover, DE 19901. Federal St., Ste. 4, Dover, DE 19901. 19901. Purpose: any lawful activity. Any lawful activity. DE 19901. Purpose: any lawful activity. Purpose: Any lawful activity. Purpose: any lawful activities.

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PUBLIC & LEGAL NOTICES

Notice of Qualification of COMCAST NOTICE OF FORMATION of Seven NOTICE OF FORMATION OF The Notice of Qualification of Blackstone Notice of Qualification of PYRANDER VENTURES, LLC. Authority filed with Story Productions, LLC. Article of First Robin Productions LLC. Real Estate Partners VII.TE.1 L.P. CAPITAL MANAGEMENT, LLC. Secy. of State of NY (SSNY) on Organization filed with the Secretary Articles of Organization filed with Authority filed with NY Dept. of State Authority filed with Secy. of State of 05/17/11. Office location: NY County. of State of NY (SSNY) on 04/26/2011. the Secretary of State of NY (SSNY) on 4/22/11. Office location: NY County. NY (SSNY) on 04/07/11. Office loca- LLC formed in Delaware (DE) on Office location: NY County. SSNY has on 02/04/2011. Office location: NEW LP formed in DE on 4/18/11. NY Sec. tion: NY County. LLC formed in 05/10/11. SSNY designated as agent been designated as agent upon whom YORK County. SSNY has been of State designated agent of LP upon Delaware (DE) on 02/12/09. Princ. of LLC upon whom process against it process against it may be served. designated as agent upon whom whom process against it may be office of LLC: 500 Park Ave., 4th Fl., may be served. SSNY shall mail process The Post Office address to which the process against it may be served. The served and shall mail process to the NY, NY 10022. SSNY designated as to c/o CT Corporation System, 111 SSNY shall mail a copy of any process Post Office address to which the principal business addr.: c/o The agent of LLC upon whom process Eighth Ave., NY, NY 10011. DE addr. against the LLC served upon him is SSNY shall mail a copy of any Blackstone Group L.P., 345 Park Ave., against it may be served. SSNY shall of LLC: c/o Comcast Capital 10 West 66th Street, #22B New York, process against the LLC served upon NY, NY 10154. Regd. agent upon mail process to the LLC at the princ. Corporation, 1201 N. Market St., Ste. NY 10023. Purpose of LLC: to him/her is: United States whom process may be served: CT office of the LLC. DE addr. of LLC: 1000, Wilmington, DE 19801. Cert. of engage in entertainment production. Corporation Agents, Inc. 7014 Corporation System, 111 8th Ave., NY, 615 S. DuPont Hwy., Dover, DE Form. filed with DE Secy. of State, Street address of Principal Business 13th Ave Brooklyn, NY 11228. The NY 10011. DE addr. of LP: c/o The 19901. Cert. of Form. filed with DE 401 Federal St., Dover, DE 19901. location is: 10 West 66th Street, #25H principal business address of the LLC Corporation Trust Co., 1209 Orange Secy. of State, Div. of Corps., 401 Purpose: Any lawful activity. New York, NY 10023. is: 307 E. 78th St. 3W, NY, NY 10075. St., Wilmington, DE 19801. Name/addr. Federal St., Ste. 4, Dover, DE 19901. Purpose: any lawful act or activity. of genl. ptr. available from NY Sec. of Purpose: Investment management, Notice of Formation of GREENACRES Notice of Formation of GALLUS State. Cert. of LP filed with DE Sec. advisory or trading activities. PRESERVATION, L.P. Cert. of LP filed PROPERTIES, LLC. Arts. of Org. filed Notice of Formation of Tolland Realty of State, 401 Federal St., Dover, DE with Secy. of State of NY (SSNY) on Notice of Formation of RAA MEDIA, with Secy. of State of NY (SSNY) on Company Limited Partnership filed 19901. Purpose: any lawful activity. 05/09/11. Office location: NY County. 05/04/11. Office location: NY County. with the NY Dept. of State on LLC. Arts. of Org. filed with Secy. of SSNY designated as agent of LLC Princ. office of LP: 60 Columbus 4/1/2011. Office Location: NY NOTICE OF FORMATION of CAGE LLC. State of NY (SSNY) on 05/02/11. upon whom process against it may Circle, NY, NY 10023. Latest date on County. NY Sec of State (“SSNY”) Arts of Org filed with the Secy of Office location: NY County. Princ. be served. SSNY shall mail process which the LP may dissolve is designated as agent of LP upon State of NY (SSNY) on 2/16/10. Office office of LLC: 88 Pine St., NY, NY to Corporation Service Co., 80 State 12/31/2111. SSNY designated as whom process against it may be location: NY County. SSNY designated 10005. SSNY designated as agent St., Albany, NY 12207-2543. agent of LP upon whom process served and SSNY shall mail process as an agent upon whom process may of LLC upon whom process against Purpose: Any lawful activity. against it may be served. SSNY shall to: c/o Stephen H. Penn, 114 W. be served AND shall mail a copy of any it may be served. SSNY shall mail mail process to c/o Corporation 47th St., 19th Fl., NY, NY 10036. process to c/o Ralph Appelbaum Notice of Formation of Mindsmack.tv process to: Jose Martinez, 325 E 41st Service Co., 80 State St., Albany, NY Name/Addr. of genl.ptr. is available Associates, Inc., Attn: Sharaf M. LLC. Arts. of Org. filed with Secy. of St. Suite 305 NY NY 10017. Principal 12207. Name and addr. of each from SSNY. Latest date LP to Hassan at the princ. office of the LLC. State of NY (SSNY) on 03/04/08. business address: 83 A Hester St. general partner are available from dissolve is 12/29/2029. Purpose: Purpose: Media production services Office loc.: NY Co. SSNY designated NY NY. Purpose: any lawful acts. SSNY. Purpose: Any lawful activity. acquire and dispose of investment and other related services. as agent of LLC upon whom process property situate in Tolland, MA. NOTICE OF FORMATION of RACHEL against it may be served. SSNY shall Name: TradeSense LLC. Art. Of Org. HOVNANIAN ART LLC. Arts. Of Org. Notice of Formation of DON ANTONIO mail process to the LLC, c/o Lazer, Filed Sec. Of State of NY on 12/23/10. Name: 1180 AOA PROPERTIES LLC filed with Secy. of State of NY (SSNY) RESTAURANT, LLC. Arts. of Org. filed Aptheker, et al., 225 Old Country Rd, Off. Loc.: New York Co. SSNY Art. Of Org. Filed Sec. Of State of NY on 5/11/11. Office location: NY with Secy. of State of NY (SSNY) on Melville, NY 11747, Attn: Scott Feuer. designated as agent upon whom 03/15/2011. Off. Loc.: New York Co. County. SSNY designated as agent 05/19/11. Office location: NY County. Purpose: any lawful act or activity. process against it may be served. SSNY designated as agent upon whom upon whom process against the LLC Princ. office of LLC: 28 Iris Circle, Glen SSNY to mail copy of process to process against it may be served. Rock, NJ 07452. SSNY designated Notice of Qualification of Morgan may be served. SSNY shall mail TradeSense LLC , 301 E. 79th St. SSNY to mail copy of process to as agent of LLC upon whom process Stanley HedgePremier/Paulson process to Rachel Hovnanian Art LLC, 24F, New York, NY 10075. Purpose: THE LLC, 747 Third Avenue, 22nd against it may be served. SSNY shall Advantage Plus Fund II LP. Authority 16 West 12th St., NY, NY 10011. Any lawful act or activity. Fl., New York, NY 10017. Purpose: Purpose: any lawful act or activity. mail process to Corporation Service filed with NY Dept. of State on 4/21/11. Any lawful act or activity. Co., 80 State St., Albany, NY 12207- Office location: NY County. Princ. bus. Notice of Qualification of VNO-MHP Notice of Formation of 43 NORTH 2543. Purpose: Operate a restaurant. Notice of Qualification of InspectMyRide addr.: 522 5th Ave., 13th Fl., NY, NY JV LLC. Authority filed with NY Dept. BRISTOL, LLC. Arts. of Org. filed LLC. Authority filed with NY Dept. of FLAMINGO ROAD NORTH LLC, a 10036. LP formed in DE on 4/19/11. of State on 2/7/11. Office location: NY with Secy. of State of NY (SSNY) on State on 4/28/11. Office location: NY domestic Limited Liability Company NY Sec. of State designated agent of County. Princ. bus. addr.: 210 Route 04/26/11. Office location: NY County. County. LLC formed in DE on (LLC), filed with the Sec of State of LP upon whom process against it may 4 East, Paramus, NJ 07652. LLC Princ. office of LLC: 801 Second 7/28/10. NY Sec. of State designated NY on 4/1/11. NY Office location: be served and shall mail process to: formed in DE on 1/20/11. NY Sec. of Ave., 19th Fl., NY, NY 10017. SSNY agent of LLC upon whom process New York County. SSNY is designated c/o CT Corporation System, 111 8th State designated agent of LLC upon designated as agent of LLC upon against it may be served and shall as agent upon whom process against Ave., NY, NY 10011, regd. agent whom process against it may be whom process against it may be mail process to: c/o CT Corporation the LLC may be served. SSNY shall upon whom process may be served. served and shall mail process to: c/o served. SSNY shall mail process to System, 111 8th Ave., NY, NY 10011, mail a copy of any process against DE addr. of LP: 1209 Orange St., CT Corporation System, 111 8th Ave., c/o Kane Kessler, P.C., Attn: Robert regd. agent upon whom process may the LLC served upon him/her to Wilmington, DE 19801. Name/addr. NY, NY 10011, regd. agent upon whom L. Lawrence, Esq., 1350 Ave. of the be served. DE addr. of LLC: 1209 Cohen and Frankel LLP, 286 Madison of genl. ptr. available from NY Sec. of process may be served. DE addr. of Americas, 26th Fl., NY, NY 10019. Orange St., Wilmington, DE 19801. Ave., Ste. 2100, NY, NY 10017. State. Cert. of LP filed with DE Sec. LLC: 1209 Orange St., Wilmington, DE Purpose: Any lawful activity. of State, 401 Federal St., Dover, DE 19801. Arts. of Org. filed with DE Sec. Cert. of Form. filed with DE Sec. of General Purposes. 19901. Purpose: any lawful activity. of State, 401 Federal St., Dover, DE State, 401 Federal St., Dover, DE Notice of Qual. of Southern New Notice of Qual. of Visium Catalyst 19901. Purpose: all lawful purposes. 19901. Purpose: any lawful activity. England Electrical Testing LLC. Auth. Notice of Qual. of TIG Falconer Credit IM, LLC, Auth. filed Sec’y of filed with Sec of State NY (SSNY): Partners, L.P., Auth. filed Sec’y of NOTICE OF FORMATION OF GREG Notice of Formation of 182 Butler State (SSNY) 4/4/11. Office loc.: NY 4/21/11. Office in NY County. Formed State (SSNY) 12/10/10. Office loc.: MITCHELS LLC. Articles of Holding, LLC. Articles of Org. filed County. LLC org. in DE 3/23/11. SSNY in CT: 11/30/07. SSNY designated NY County. LP org. in DE 12/9/10. Organization filed with the Secretary with Secy. of State of NY (SSNY) on desig. as agent of LLC upon whom agent of LLC upon whom process SSNY desig. as agent of LP upon of State of NY (SSNY) on 2/9/11. 05/24/11. Office location: New York process against it may be served. against it may be served & shall mail whom process against it may be Office location: NEW YORK County. Co. SSNY designated as agent of LLC SSNY shall mail copy of proc. to Att: process to 78 Dinatale Dr., Durham, served. SSNY shall mail copy of SSNY has been designated as agent upon whom process against it may Mark Gottlieb, 950 Third Ave., 29th CT 06422. Principal office: 78 Dinatale proc. to Att: Michael Tiedemann, upon whom process against it may be served. SSNY shall mail process Fl., NY, NY 10022. DE off. addr.: CSC, Dr., Durham, CT 06422. Arts. of Org. 520 Madison Ave., 26th Fl., NY, NY be served. SSNY shall mail process to the LLC, c/o Judith Linhares, 15 2711 Centerville Rd., Wilmington, DE filed with The Sec of State of CT, 10022. DE off. addr.: CSC, 2711 to: 225 W 23rd ST, APT 2R, NEW Laight St., #18, New York, NY 10013. 19808. Cert. of Form. on file: SSDE, 30 Trinity St, Hartford, CT 06106. Centerville Rd., Wilmington, DE YORK, NY 10011. Purpose: any Purpose: any lawful act or activity. Townsend Bldg., Dover, DE 19901. Purpose: General. 19808. Cert. of LP on file: SSDE, lawful act or activity. Purp.: any lawful activities. Townsend Bldg., Dover, DE 19901. Notice of Qualification of Camuto Notice of Formation of MOVEMENT Group LLC. Authority filed with NY Notice of Qualification of Black Notice of Qualification of CTAM IPM Name/addr. of each gen. ptr. avail. Capital Group LLC. App. for Auth. LLC. Authority filed with NY Dept. of at SSNY. Purp.: any lawful activities. MATTERS REHABILITATION, OT, PT, Dept. of State on 5/17/11. Office PLLC. Arts. of Org. filed with Secy. location: NY County. LLC formed in filed with Secy. of State of NY (SSNY) State on 5/9/11. Office location: NY Notice of Formation of SoCreo of State of NY (SSNY) on 04/28/11. DE on 1/11/10. NY Sec. of State on 5/27/10. Office location: NY County. LLC formed in DE on 5/5/11. Fashion House, LLC. Arts. of Org. Office location: NY County. Princ. designated agent of LLC upon whom County. LLC formed in Delaware (DE) NY Sec. of State designated as filed with NY Dept. of State on office of PLLC: 264 Canal St., Ste. E, process against it may be served and on 5/24/10. SSNY designated as agent of LLC upon whom process 5/31/11. Office location: NY County. NY, NY 10013. SSNY designated as shall mail process to the principal agent of LLC upon whom process against it may be served and shall Sec. of State designated agent of agent of PLLC upon whom process business addr.: 411 W. Putnam Ave., against it may be served. SSNY shall mail process to the principal business LLC upon whom process against it against it may be served. SSNY shall Ste. 210, Greenwich, CT 06830. DE mail process to: c/o Gary Black, 630 address: 599 Lexington Ave., NY, NY may be served and shall mail mail process to the PLLC at the addr. of LLC: The Corporation Trust Co., Fifth Ave., NY, NY 10111. DE address 10022. DE address of LLC: c/o The process to the principal business addr. of its princ. office. Purpose: 1209 Orange St., Wilmington, DE of LLC: c/o United Corporate Services, Corporation Trust Co., 1209 Orange address: 183 Hester St., #4R, NY, NY Profession of occupational therapy 19801. Cert. of Form. filed with DE Sec. Inc., 874 Walker Road, Ste. C, Dover, St., Wilmington, DE 19801. Cert. of 10013. Purpose: all lawful purposes. and physical therapy. of State, 401 Federal St., Dover, DE DE 19904. Arts. of Org. filed with DE Form. filed with DE Sec. of State, 19901. Purpose: any lawful activity. Secy. of State, Townsend Bldg., Dover, P.O. Box 898, Dover, DE 19903. Notice of Qualification of TAVROS Notice of Qualification of SunRun DE 19901. Purpose: any lawful activity. Purpose: all lawful purposes. MERCER MANAGER LLC. Authority Solar Tenant IV, LLC. Authority filed Notice of Qualification of Pegasus filed with Secy. of State of NY (SSNY) with NY Dept. of State on 4/29/11. Investors V (GP), L.L.C. Authority on 05/13/11. Office location: NY Office location: NY County. Princ. filed with NY Dept. of State on 5/6/11. Place your business card in County. LLC formed in Delaware (DE) bus. addr.: 45 Fremont St., 32nd Fl., Office location: NY County. Princ. Crain’s Business Connection and on 05/12/11. Princ. office of LLC: San Francisco, CA 94105. LLC bus. addr.: 99 River Rd., Cos Cob, Attn: Dov Barnett, 33 W. 19th St., 4th formed in CA on 2/17/11. NY Sec. of CT 06807. LLC formed in DE on reach New York City’s Fl., NY, NY 10011. SSNY designated State designated agent of LLC upon 4/6/11. NY Sec. of State designated Top Level Executives as agent of LLC upon whom process whom process against it may be agent of LLC upon whom process against it may be served. SSNY shall served and shall mail process to: c/o against it may be served and shall mail process to the LLC at the princ. CT Corporation System, 111 8th mail process to: c/o CT Corporation office of the LLC. DE addr. of LLC: Ave., NY, NY 10011, regd. agent System, 111 8th Ave., NY, NY 10011, c/o Corporation Service Co., 2711 upon whom process may be served. regd. agent upon whom process may Centerville Rd., Ste. 400, Wilmington, CA addr. of LLC: 818 W. 7th St., Los be served. DE addr. of LLC: 1209 DE 19808. Cert. of Form. filed with Angeles, CA 90017. Cert. of Form. Orange St., Wilmington, DE 19801. Secy. of State of DE, 401 Federal St., filed with CA Sec. of State, 1500 Cert. of Form. filed with DE Sec. of Let Crain’s New York Business Ste. 4, Dover, DE 19901. Purpose: 11th St., Sacramento, CA 95814. State, 401 Federal St., Dover, DE Any lawful activity. Purpose: any lawful activity. 19901. Purpose: all lawful purposes. help you secure new clients in 2011.

June 13, 2011 | Crain’s New York Business | 21 20110613-NEWS--0022-NAT-CCI-CN_-- 6/10/2011 3:08 PM Page 1

FOR THE RECORD

on June 23 for the replacement of safety 42nd St., a building owned by Tishman president, general counsel and surfacing at South Jamaica Houses I and Speyer. The firm will occupy the 24th secretary, exercised options on 75,000 ABOUT THIS SECTION II in Queens. Bid documents can be and 25th floors. Jim Robbins and Harly shares of common stock at $36.78 purchased Monday through Friday from Stevens of CB Richard Ellis represented between May 18 and May 19, in a FOR THE RECORD is a weekly listing of information from the public record that 9 a.m. to 4 p.m. To make inquiries, the tenant, while the landlord negotiated transaction worth $2,758,500. During can help businesspeople in the New York area find opportunities, potential contact Gloria Guillo at (212) 306-3121 in-house. The asking rent was $50 a the same period, he sold 75,000 shares new clients and updates on competitors. or [email protected]. square foot. at prices ranging from $50.74 to To ask questions or get more information on this section, contact Suzanne $51.47, in a transaction worth Panara at [email protected]. ● Police Department ● One Kings Lane has signed a five-year $3,823,750. He now directly holds Seeks competitive sealed bids by 11 a.m. lease for 13,250 square feet on the 24,120 shares. on June 29 for labor, materials and seventh floor of 205 Hudson St.,a equipment to reconstruct the roof, brick building owned by Trinity Real Estate. ● Veeco Instruments Inc. (VECO) and terra cotta at the 123rd Precinct Peter Gross of Williamson Picket Gross John R. Peeler, director and chief BANKRUPTCIES Bank, owed $175,776.00; La Bretagne Station House. Bid documents are represented the tenant, while Tom Lynch executive, exercised options on 58,333 Real Estate, owed $32,500.00; and available at the Contract Administration represented the landlord in-house.The shares of common stock at $17.48 on The following listings are selected from the Fuoco Group, owed $3,200.00 Unit, 51 Chambers St., room 310, from asking rent was $42 a square foot. May 18, in a transaction worth most recent available filings by companies 9 a.m. to 5 p.m. A mandatory prebid $1,019,661. On the same day, he sold seeking bankruptcy protection in the ● O.G.F. Importing conference is scheduled for 10 a.m. on RETAIL 58,333 shares at $54.97, in a transaction Southern and Eastern Districts of New 230 E. 51st St., Manhattan June 15 at the 123rd Precinct Station ● Wink signed a lease for 1,500 square worth $3,206,641. He now directly York. Information was obtained from U.S. Filed for Chapter 11 bankruptcy House, 116 Main St., Staten Island. To feet at 129 Prince St., a building owned holds 130,603 shares. Bankruptcy Court records available on protection on May 23. The filing cites make inquiries, contact Stephanie by Prince-Wooster Corp. Zach Beloff Public Access to Court Electronic Records. estimated liabilities of $100,001 to Gallop at (646) 610-5225. and Joshua Strauss of Robert K. ● John Wiley & Sons Inc. (JWa) Listings are in alphabetical order. $500,000 and estimated assets of $0 to Futterman & Associates represented the Ellis E. Cousens, executive vice $50,000. Among the creditors with the GOODS AND SERVICES tenant, while Steve Tarter of Tarter Stats president and chief financial and ● Genco Importing Inc. largest unsecured claims are Panta ● Department of Education O’Toole represented the landlord. The operations officer, exercised options 99 Ave. B, Manhattan Realty, owed $120,000.00; Neil S. Seeks competitive sealed bids by 4 p.m. asking rent wasn’t disclosed. on 55,000 shares of common Filed for Chapter 11 bankruptcy Grayson, owed $50,000.00; and Gary on June 20 to provide labor, materials, stock at $25.32 on May 19, in a protection on May 26.The filing cites Powell, owed $19,050.00. equipment and supervision to test, ● Dagny & Barstow has signed a 10- transaction worth $1,392,600. On estimated liabilities of $100,001 to maintain or modify asphalt pavement. year lease for 1,200 square feet at 264 the same day, he sold 55,000 shares $500,000 and estimated assets of $0 to ● Razor 33 Inc. Bid documents can be obtained by e- Bowery, a building owned by the Estate at $52.00, in a transaction worth $50,000. Among the creditors with the 33 Second Ave., Manhattan mailing [email protected]. of William Gottlieb. Alex Cohen of $2,860,000. He now directly holds largest unsecured claims are Capital One, Filed for Chapter 7 bankruptcy To make inquiries, contact Cushman & Wakefield Inc. represented 121,649 shares. owed $48,222.14; Alphabet Soup Associ- protection on May 23. The filing cites [email protected]. the tenant, while Richard Skulnik of ates, owed $26,727.70; and RIP Con- estimated liabilities of $100,001 to Ripco Real Estate Corp.represented the ● Vornado Realty Trust (VNO) struction Consultants, owed $9,700.00. $500,000 and estimated assets of $0 to landlord. The asking rent was $120 a Russell B. Wight, trustee, sold 12,000 $50,000. Among the creditors with the REAL ESTATE DEALS square foot. shares of common stock at prices ● Great Atlantic Pre-Cast Concrete largest unsecured claims are the John ranging from $96.77 to $97.23 between & Statuary Inc. Cox estate, owed $122,632.95; the Opici Companies that would like to have details May 18 and May 19, in a transaction 225 Ellis St., Staten Island Wine Group, owed $7,890.00; and of their recent transactions appear in these STOCK TRANSACTIONS worth $1,165,469. He now directly Filed for Chapter 11 bankruptcy Cohn & Cohn, owed $1,328.00. listings should e-mail descriptions to holds 6,126,200 shares. protection on May 25.The filing cites [email protected], with Following are recent insider transactions at estimated liabilities of $1,000,001 to $10 “Real estate transaction” in the subject New York’s largest publicly held companies ● Inter Parfums (IPAR) million and estimated assets of $1,000,001 GOVERNMENT CONTRACT line, or enter them online at filed with the Securities and Exchange Jean Madar, chairman of the board and to $10 million. Among the creditors with OPPORTUNITIES crainsnewyork.com/submitadeal. Deals are Commission by executives and major chief executive, sold 54,700 shares of the largest unsecured claims are Frances- listed in order of square footage. shareholders. Listings are in order of common stock at prices ranging from co Arlia Jr., owed $59,306.20; BB&T Following are selected contract transaction value.The information was $20.75 to $21.25 between May 18 and Equipment Finance, owed $24,479.59; opportunities recently announced by New COMMERCIAL obtained from Thomson Reuters. May 23, in a transaction worth and Chase, owed $24,467.52. York City agencies.To learn how to sell ● Baker Hostetler has signed a lease for $1,146,734. He now indirectly holds goods and services to city government, visit 118,600 square feet at 630 Fifth Ave.,a ● Barnes & Noble Inc. (BKS) 7,259,840 shares. ● Latin Technologies Inc. www.nyc.gov/selltonyc. For a searchable building owned by Tishman Speyer. Ronald W. Burkle purchased 603,000 7902 Roosevelt Ave., Queens database of current procurement notices, John Maher and Paul Myers of CB shares of common stock at $18.49 on ● CA Inc. (CA) Filed for Chapter 7 bankruptcy visit www.nyc.gov/cityrecord. Listings are Richard Ellis represented the tenant, May 23, in a transaction worth Amy Fliegelman Olli, executive vice protection on May 26. The filing cites alphabetical by category and department. while the landlord negotiated in-house. $11,148,867. He now indirectly holds president and general counsel, sold estimated liabilities of $100,001 to The asking rent wasn’t disclosed. 11,894,200 shares. 47,633 shares of common stock at $500,000 and estimated assets of $0 to CONSTRUCTION SERVICES $23.05 on May 20, in a transaction $50,000. Among the creditors with the ● Housing Authority ● Oscar de la Renta signed a 15-year ● Viacom Inc. (VIA’B) worth $1,097,798. She now directly largest unsecured claims are HSBC Seeks competitive sealed bids by 10 a.m. lease for 37,000 square feet at 11 W. Michael D. Fricklas, executive vice holds 108,416 shares. Ⅲ

PUBLIC & LEGAL NOTICES

Notice of Formation of ALEXANDRE Global Language School LLC. A&A 2011, LLC. Arts. of Org. filed Rogers Realty Group LLC. Arts. of Notice of Formation of Choctaw LLC. PLOKHOV LLC, a domestic LLC. Articles of Org. filed NY Sec. of State with Secy. of State of NY (SSNY) on Org. filed with Secy. of State of NY Articles of Organization filed with Secy. Arts. of Org. filed with the SSNY on (SSNY) 1/18/2011. Office in New York 1/6/11. Office in NY County. SSNY (SSNY) on 4/12/11. Office in NY of State of NY (SSNY) on 03/15/11. 03/30/2011. Office location: NY County. SSNY design. Agent of LLC designated agent of LLC upon whom County. SSNY designated agent of Office location: New York Co. SSNY County. SSNY has been designated upon whom process may be served. process against it may be served. LLC upon whom process against it designated as agent of LLC upon as agent upon whom process against SSNY shall mail copy of process to SSNY shall mail process to c/o may be served. SSNY shall mail whom process against it may be the LLC may be served. SSNY shall 302 W79th St., Suite 4A, NYC, N.Y. Reinhardt LLP, 44 Wall St 10th Fl, NY, process to 443 E 78th St, Bsmt, NY, served. SSNY shall mail process to mail a copy of process to: 27 W. 20th 10024. Purpose: Any lawful activity. NY 10005. Purpose: General. NY 10075. Purpose: General. the LLC, 900 Greensward Lane, Apt. St. Ste 1201, NY, NY 10011. G207, Delray Beach, FL 33445. Purpose: Any Lawful Purpose. Notice of Formation of NOTICE OF FORMATION of TOLM Notice of Formation of 273-277 Purpose: any lawful act or activity. SOPHROSYNE ENERGY INVESTORS, ENTERPRISES LLC. Arts of Org filed Kosciuszko, L.P. Certificate filed with Notice is hereby given that a License LLC. Arts. of Org. filed with Secy. of with the Secy of State of New York Secy. of State of N.Y. (SSNY) on Notice of Formation of TOMITA Number (PENDING) for on-premises State of N.Y. (SSNY) on 1/31/11. (SSNY) on 03/25/2009. Office location: 11/22/10. Office location: NY County. TECHNOLOGIES USA, LLC. Arts. of Wine/Beer has been applied for by Office location: New York County. NY County. SSNY has been designated SSNY designated as agent of LP Org. filed with Secy. of State of NY the undersigned to sell Wine/Beer at SSNY designated as agent of LLC as an agent upon whom process may upon whom process against it may be (SSNY) on 4/22/01. Office location: retail in a Restaurant under the upon whom process against it may be served and shall mail a copy of any served. SSNY shall mail process to: NY County. SSNY designated as Alcoholic Beverage Control Law at be served. SSNY shall mail process process against to the principal busi- 37 W. 20th St., Ste. 603, NY, NY 10011. agent of LLC upon whom process 468 West 47th Street, New York, NY to: c/o Andrew M. Jacobs, 1 Penn ness address:425 5th Ave, #59B NY, Name/address of each genl. ptr. avail- against it may be served. SSNY shall 10036 for on premises consumption. Plaza, Ste. 2527, New York, NY NY 10016. Purpose: any lawful acts. able from SSNY. Term: until 12/31/2060. mail process to: c/o Clifford David, MESKE INC. D/B/A MESKE 50 E. 77th St., Apt. 8A, NY, NY 10119. Purpose: any lawful activity. NOTICE OF REGISTRATION of Purpose: any lawful activity. ETHIOPIAN RESTAURANT 10075. Purpose: any lawful activity. NOTICE OF FORMATION OF Newman & Morrison LLP. CandyGirl-NYC LLC Articles of Org. NOTICE OF FORMATION OF THIRD Rubenstein Casting and Production, Certificate filed with Secy. of State of filed NY Sec. of State (SSNY) Notice of Formation of Orcan LLC. CROWN LLC. filed with the LLC. Arts of Org filed with the Secy NY (SSNY) on 4/5/11. Office location: 4/22/2011. Office in NY Co. SSNY Articles of Org. filed with Secy. of State Secretary of State of NY (SSNY) on of State of NY (SSNY) on 4/25/11. NY County. SSNY designated as desig. agent of LLC upon whom of NY (SSNY) on 04/21/11. Office 3/14/11. Office loc: NEW YORK Cty. Office loc: NY Cty. SSNY designated agent of LLP upon whom process process may be served. SSNY shall loc.: New York Co. SSNY designated SSNY designated as agent upon as agent upon whom process may against it may be served. SSNY shall mail copy of process to c/o Kaplan as agent of LLC upon whom process whom process may be served. Mail a be served and shall mail a copy of mail process to the principal business Fox Kilsheimer LLP, 850 3RD Ave., against it may be served. SSNY shall copy of any process to: 18 Saint any process to the principal business address: 44 Wall Street, 20th Floor, 14th Flr., NY, NY 10022, which is mail process to the LLC, 149 W. 36th Nicholas Pl, 4C, NY, NY 10031. address: 210 E 68th St., NY, NY New York, NY 10005. Purpose: also the principal business location. Street, 6th Fl., New York, NY 10005. Purpose: any lawful acts. 10065. Purpose: any lawful acts. Practice the Profession of Law. Purpose: Any lawful purpose. Purpose: any lawful act or activity.

22 | Crain’s New York Business | June 13, 2011 20110613-NEWS--0023-NAT-CCI-CN_-- 6/10/2011 7:27 PM Page 1

developer of the huge Upper East that his firm has a long history with Side condo conversion Manhattan MetLife. Another arm of the insur- Snoopy homes in on mortgages House, when he was at J.P. Morgan er has in the past invested in O’Con- Chase. After signing on at MetLife, nor’s funds. Continued from Page 3 MetLife attributes much of its Mr. Wenitzky reintroduced himself Success in New York will not an office in Brooklyn’s Park Slope local success to the talent it has been ‘All the banks to the developer, according to come quickly or cheaply. Home this summer and another in able to attract from battered rivals. Thomas Quinn,a partner at the firm. sales are far below prerecession Queens, possibly Forest Hills, by Earlier this year, the firm snagged are selling peaks, and increased regulatory year’s end. More outposts are likely Jeffrey Appel, a well-known mort- A flexible lender oversight is making it more expen- to follow next year. gage sales veteran, from Bank of the same flavor Today, MetLife is one of three sive to run a mortgage business,not- “Right now, MetLife is doing America. That followed MetLife’s preferred lenders providing conven- ed Mr. Hale. But company execu- everything right,” said David hiring of another BofA mortgage of ice cream’ tional and jumbo loans at the tives insist that cracking the city’s Lykken, managing partner at con- professional, Steven Lefland, as na- sprawling 575-unit complex. Cour- mortgage market is worth the effort. sultant Mortgage Banking Solu- tional co-op manager. tesy of its vast resources, it is able to “We are not in a footrace,” said tions.“New York is one of the hard- “All the banks are selling the make loans despite the fact that Mr. Clintock. “We are taking a est markets to crack, but they will be same flavor of ice cream; one way we Fannie Mae only guarantees mort- much more measured and detailed one of the dominant lenders here.” differentiate ourselves is through The connections that talent gages for one-third of those units. approach to growth.” Ⅲ the quality of our talent,” said Brian brings also help. Mark Wenitzky, “MetLife is flexible in deals that Two percent and rising Hale, MetLife Bank’s president of MetLife’s district sales leader,worked can get complicated for big nation- LISTEN to a discussion at Already, MetLife has grabbed a mortgage banking. with O’Connor Capital Partners, the al banks,” said Mr. Quinn, adding CrainsNewYork.com/podcasts 2% share of the market. Last year, it funded the purchase of 229 apartments in the city,and in just the first five months of this year it funded another 355. Most of that volume stems from financing sales at dozens of new condo developments—including Extell Development Co.’s The Al- dyn and The Rushmore, where the bank has become the projects’ preferred lender. At several of those new projects, potential buyers had struggled to secure a mortgage before deep-pocketed MetLife en- tered the picture. That was because Fannie Mae has pulled back and will not guarantee loans until certain requirements are met. Madden shoes fit

Continued from Page 2 space, why not Steve Madden?” asked Jeff Van Sinderen, retail analyst at B. Riley & Co. According to analysts, Madden could do better in one area—overseas.The company has yet to tap the international market in a meaningful way, while competitors such as Kenneth Cole Productions have strengthened their presence in high- growth markets, including China. Broader offerings In the meantime, the footwear specialist is broadening its clothing and accessories offerings. In the Betsey Johnson investment, Steven Madden received in- tellectual property ownership of Ms. Johnson’s fashionable collections. The Cejon group $18M of design and marketing FIRST QUARTER companies, net income, up whose lines 16% compared include with Q1 2010 scarves, wraps and gloves, will further diversify Steven Madden’s business. “There is a growing apparel com- ponent,” said Mr. Van Sinderen. “They now pretty much have their own accessories business to extend and develop.” Ⅲ

LISTEN to a discussion at CrainsNewYork.com/podcasts

June 13, 2011 | Crain’s New York Business | 23 20110613-NEWS--0024-NAT-CCI-CN_-- 6/10/2011 8:14 PM Page 1

Street’s malaise. “At least for the interim, it’s go- Growth, with a twist ing to be Wall Street moving side- Sweet deal: $10 flats ways while other areas pick up,” said Continued from Page 1 An all-time-high eight new tel- Barbara Byrne Denham,chief econ- Continued from Page 1 2002.The same year, 9 Second Ave. just financial services, and it seems evision shows are filming in the city omist at real estate services firm It will not only be the deal of their was sold to the Urban Home- like that’s just accelerated over the this year, thanks largely to the re- Eastern Consolidated. lives, but among the last of its kind steading Assistance Board, a hous- past few years,” said Marisa Di Na- newal of a 30% state tax credit, and According to the new data, the in the area. Still, it’s bittersweet. ing organization. tale,a director at Moody’s Analytics. creating 4,700 jobs, the Governor’s motion-picture and video industry Their new digs will epitomize the The tenants in those two build- Driving home the point, new Office for Motion Picture and Tele- added 8,500 jobs in the fourth quar- change they resisted for so long. ings will be among the last in the data from the state Department of vision Development announced last ter versus the prior year, sectors that “Look at this stuff all around us, area to get their apartments for next Labor show the city’s securities in- week. Among them are the crime include small food manufacturers all these high-rises.Everywhere you to nothing. But there is a twist. dustry gained fewer jobs in the series Person of Interest and the med- gained 1,100,and tech-related com- look. Behind us. West of us,” said With a 1,261-square-foot, two- fourth quarter of 2010 than previ- ical drama A Gifted Man. Both will panies netted 8,300. John Vaccaro, 81, the lone tenant bedroom across the street renting ously thought. air this fall on CBS. Retail, one of the strongest sec- willing to be interviewed. “It both- for $7,955 a month, government In the past, that might have Also last week, the Center for an tors,added more than 14,000 jobs in ers me that New York has changed subsidies are not needed. It is more spelled disaster for the city. Yet the Urban Future released a report the quarter. The new data is based so much. It’s not the New York I economical to build a new building new data also showed “an even showing that the city’s design indus- on unemployment insurance re- came to.” and use market-rate rentals to sub- stronger overall economy” in the try has grown by 75% in the past 10 ceipts. The Second Avenue he came to sidize free apartments for the ten- city, according to James Brown, years, to more than 40,000 jobs. in the late 1950s was lined with Jew- ants than to rehabilitate their five- principal economist at the depart- There are more firms in the city’s Pink slips expected ish restaurants and jazz musicians, and three-story structures. ment. design sector than in any other cre- The growth has come even as Mr. Vaccaro said. He founded the “The neighborhood went from The securities industry gained ative industry,including publishing, the national economy,which added Playhouse of the Ridiculous Reper- arson to devastation to landlord only 2,000 jobs in the fourth quarter film, music, advertising and broad- just 54,000 jobs last month, has tory Club in 1966 and moved into abandonment to development, versus the year-earlier period— casting, the report showed. sputtered. For the city to sustain its his 2,100-square-foot loft 11 years where the profits of market-rate 3,500 fewer than preliminary statis- momentum could be difficult if the later. housing are strong enough to throw tics had shown. Yet the city econo- rest of the country continues to By then the building, once a Yid- off a little surplus and make some my added about 10,000 more jobs in Unheralded founder, especially without larger dish theater, had been seized by the units of affordable housing possible the same period than initially be- increases in high-paying securities city, as had many others after arson- at really no cost to government,” said lieved, bringing fourth-quarter sectors have jobs. ists-for-hire torched much of the Richard Heitler,chief operating offi- growth to 70,000 jobs and the over- And with profits shrinking and neighborhood. Artists like Mr. Vac- cer of UHAB. “It’s a win-win-win.” all growth rate to 2.3%, instead of Wall Street’s regulatory uncertainty in the air, caro reclaimed the abandoned build- In the new, 65-unit building, 1.8%. those jobs are unlikely to grow sub- ings. Eventually, with government nine of the 13 affordable apartments The numbers portray an even back stantially anytime soon. Paul subsidies, they were brought up to will go to the tenants in the existing starker break from historical prece- Bernard, a veteran executive coach, code and returned to the tax rolls. buildings. The other four will be dent than was previously thought. said he has already gotten calls from Tenants’ sweat equity and sheer sold by lottery for around $150,000 In each of the past five economic re- clients on Wall Street anticipating perseverance were rewarded as the to people making less than $64,000, coveries, the securities industry led pink slips. city disposed itself of its portfolio. according to BFC Partners. the way for New York. The city’s And the city reported that de- “There are going to be layoffs,” Many were allowed to buy their Donald Capoccia, a principal at booming tourism industry has got- spite the closure of several high- he said, with Wall Street firms par- units for a nominal fee. Developers, BFC, said his company was among ten much of the credit for helping profile food manufacturers, small ing down what he referred to as meanwhile, salvaged city-owned the first to rehabilitate city-owned the city grow at a much faster pace food companies are thriving, with bloated “pre-crisis organizational buildings and parking lots. Some property. It renovated 72 E. Third than the nation overall, but several employment in the sector rising structures.” erected luxury apartments. St.in 1980 after acquiring the build- unsung sectors are also playing a about 6% last year. City officials an- Every recovery in the city since But like the walls of the Mars ing for $1.The company grew.More part. nounced plans for a $10 million in- 1960 has been fueled by Wall Street, Bar, the blank canvas that once at- recently, it developed the high-rise vestment fund to nurture small food which tends to regain its health be- tracted artists to the neighborhood Toren condominium in downtown Strength from Main Street producers—a rare bright spot on the fore the broader economy does. But has been covered. Almost no for- Brooklyn. “In contrast to past economic re- local manufacturing scene. that narrative is being rewritten as merly city-owned buildings remain “We did probably one of the first coveries, employment growth in Add the steady rise of the city’s unheralded sectors do the work. undeveloped. ones under the Koch administra- New York City has been driven technology sector, where employ- “New York City is unique,” Ms. “It’s the end of an era,”said Steve tion,” Mr. Capoccia said. “Now, mainly by job creation in Main ment has surpassed the previously Denham said. “The balance in our Herrick, executive director of the we’re doing one of the last ones.” Street industries as opposed to Wall recorded high seen during the tech economy has been strong.” Ⅲ Cooper Square Committee, a com- Street,” said Jason Bram, senior boom, and a picture emerges of an munity housing organization. Yuppie scum economist at the Federal Reserve economy that is advancing and per- LISTEN to a discussion at The city Department of Hous- Neighborhood blogs have cov- Bank of New York. haps remaking itself, despite Wall CrainsNewYork.com/podcasts ing Preservation and Development ered the story with the requisite an- owns fewer than 800 apartments ac- tipathy for yuppie scum.Locals have quired through tax foreclosure, mostly lamented that the Mars Bar down from 101,000 in 1981. will come down with the building, Urban websites face off The last resident-occupied, city- but the protests of earlier years have owned building on the Lower East given way to resignation. At a Feb- Side is 400 Grand St., Mr. Herrick ruary City Planning Commission Continued from Page 2 director of digital strategy at Uni- Marie Kordus, media director at said. It is part of a 10-parcel, 7-acre hearing,no one spoke in opposition. mode, taking what we’ve learned World Group,a Brooklyn ad agency Muse Communications,a multicul- site—the largest undeveloped city- “The bar’s closing. Oh, well,” and dissecting what’s been working that specializes in multicultural me- tural agency in Los Angeles. owned plot south of 96th Street—to said a Mars Bar bartender named for our audience,” said Lesley dia. “They may not be as engaged, More than anything, it may be a be developed into 1,000 mixed-in- Amy. “You move on. I dislike this Pinckney, general manager of you may not get as good results, but matter of waiting until black sites come units in the next few years. neighborhood now.” Essence.com. “We’re really excited your numbers are so large you don’t have the scale advertisers prefer.Mr. In the Cooper Square Urban Re- Mr. Vaccaro, like his building, is about where the numbers could be care.” Newman also argues that while ad newal Area, from the Bowery to old and frail. “I’d rather be young at the end of the summer.” Mr. Wilson added that he sees spending on black sites represents a Second Avenue and from East Fifth and directing shows,” he said while budgets for African-American sites fraction of what’s spent in the gen- to Stanton streets, one piece of va- sifting through memorabilia he is Ad dollars lag general market either remaining flat or being cut. eral market, the amount has rough- cant, city-owned land remains: a giving away. He pays $294 a month But for all the growth, ad spend- One new problem is competition ly doubled over the three years since tiny lot off East Houston Street. but has spent thousands renovating ing on African-American websites from fast-growing networks of ur- Interactive One was founded. The his space. remains a drop in the bucket— ban sites like Complex Media and company had revenues of $16 mil- East Village evolution His kitchen,though,sits on a plat- about $50 million to $75 million, by Vibe that reach a cross-cultural, lion in 2010, up 14% from 2009. The area was designated for reform because the floor is unstable. Il- Mr. Newman’s estimate, versus multiracial audience. In addition, newal in 1959,but residents stopped luminated by track lighting, it could nearly $10 billion for display-relat- more money is being allocated to Urban media a a must-buy Robert Moses’ plans to raze blocks be the set of one of his plays,with Mr. ed advertising in the general market Hispanic media as the Latino pop- Mr.Newman believes that rather and create a development like Vaccaro playing the character who in 2010, according to the Internet ulation undergoes dramatic than look for increases in multicul- Stuyvesant Town on the Lower East doesn’t recognize the neighborhood Advertising Bureau. growth. tural budgets, it would be better to Side. Instead, the neighborhood he calls home. The numbers reflect an age-old African-American sites are ben- convince general-market advertis- was developed piecemeal. “I don’t know who these people struggle to persuade general-market efiting from one trend, however: ers that African-American media is The final installment came in the are,” he said, motioning to the street advertisers that black properties are Black audiences are spending more a must-buy. last decade, when developer Avalon below his second-floor loft. the best places to win over black of their day online and less of it with “Our radio and TV sister divi- Bay Communities built four luxury But he knows a good deal when he people. So far the argument is hav- radio and print. As a result, some sions get 95% of their advertising buildings. Whole Foods Market sees it.“They’re giving me a two-bed- ing limited success. media buyers have been shifting money from the general-market moved into one on East Houston room apartment,” he said. “That “You can get more African- their clients’ dollars. budget,” Mr. Newman said.“It took Street in 2007. The other develop- sounds fab.” n American males on ESPN than on “Television and digital are the many years for that to happen in ra- ments surround Mr. Vaccaro’s some of your [African-American] two major mediums for reaching dio and on TV,and it’s going to take building,11-17 Second Ave.,which LISTEN to a discussion at targeted sites,” said Melvin Wilson, African-Americans,” explained many years to happen online.” Ⅲ the city sold to BFC Partners in CrainsNewYork.com/podcasts

24 | Crain’s New York Business | June 13, 2011 20110613-NEWS--0025-NAT-CCI-CN_-- 6/10/2011 11:27 AM Page 1

A net 5% of NY executives plan to add staff in 3Q 2011, vs. % 3%3 nationally BUSINESS LIVES Source: Robert Half survey on professional-level hiring

HOT JOBS EXECUTIVE INBOX Anne Fisher DEPUTY CHIEF ACTUARY

AGENCY New York City Office ACT NOW! Annie Parisse, of the Actuary who’s appearing in How to get JOB DESCRIPTION Coordinate Shakespeare in the Park, and participate in management knew in her youth that she what’s coming wanted to do plays in NYC. and production of services to you MOST IMPORTANT TASK Work with chief actuary to effect MANY BUSINESSES have at delivery of services least a few customers whose accounts are now 30 or 60 or CREDENTIALS NEEDED Bachelor’s degree; more than 15 years’ even 90 days past due. It can be experience; must be an enrolled awkward to collect from them. actuary who is a Fellow or an “Lots of business owners do Associate of the Society of nothing when someone owes Actuaries them money; they’re trying to avoid unpleasantness,” said SALARY $160,000 to $210,000 Michelle Dunn, founder and chief RECRUITER Internal executive of the American Credit DOWNSIDE City pension costs and Collections Association. have recently come under scrutiny In tough economic times like these, Ms. Dunn added, UPSIDE The new hire will get to undertake leading-edge projects “entrepreneurs will keep selling that can have a significant impact to customers who are already on the city late or over their credit limit, with the idea that any business is NYCOA provides services to the good business. But it isn’t a New York City Employees’ Retire- real sale if you don’t get paid.” ment System and other funds. True. Moreover, the situation —SUZANNE PANARA seems poised to get worse before it gets better. The Federal Reserve Bank of New York reports that, after declining for EXECUTIVE MOVES nine quarters in a row, consumer debt is creeping up again. NBC Universal: Vivian Customers already struggling to Schiller, 49, joined as chief digital officer for pay their bills won’t be helped by NBC News. In this the slower growth that many newly created buck ennis economists now predict. position, she will GOTHAM GIGS So how can you avoid being oversee digital swamped by bad debt? Ms. strategy for both Dunn, who wrote a new book NBC News and MSNBC. She most recently served as president and chief called The Guide to Getting Paid: executive of National Public Radio. Weed Out Bad Paying Scott Schiller, 52, was promoted to Customers, Collect on Past Due executive vice president of digital media Playacting in the Park Balances, and Avoid Bad Debt, sales for the entertainment and digital said the most important step is networks and integrated media division. to establish a thorough, He will oversee advertising sales for Washington state-bred actress Annie Parisse knew from a young age Fandango, iVillage, DailyCandy, Swirl ‘The consistent credit policy. and Television Without Pity. He that she would one day be a New Yorker. ¶ “I knew I wanted to do A good start: Ask for bank and previously served as senior vice director is plays, and they don’t do a lot of plays in L.A.,” said the 35-year-old credit references on a credit president of Comcast Digital Fordham University alum. ¶ She has since built a career here, application, and then check those Entertainment advertising sales. an astute appearing on Broadway and on TV’s as ADA references before you go any The New York Times: Dean Baquet, 54, Law & Order, further. “A few phone calls now was promoted to managing editor of the Alexandra Borgia. Now, she’s taking on Shakespeare for the first time can save you some big newspaper. Prior to his promotion, he reader of served as assistant managing editor and professionally, playing Helena in All’s Well That Ends Well for the headaches later,” Ms. Dunn noted. Washington bureau chief. the text; Public Theater’s Shakespeare in the Park summer season.The show A formal credit policy, Reader’s Digest debuted on June 11. ¶ Ms. Parisse has been busy trying to figure out evenhandedly applied, makes Association Inc.: Paul he’s a calling past-due customers R.Tomkins, 54, joined the complex character: a commoner who must surmount one obstacle easier. “Having a clear-cut as executive vice perfect after another to win the affection of haughty Count Bertram. ¶ approach takes the discussion president and chief out of the realm of the personal revenue officer of the match’ “The language is so breathtaking,” she said. “To be supported by company and its that kind of text is incredible.” ¶ Ms. Parisse is especially pleased to and puts it on a business footing, parent, RDA Holding where it belongs,” she added. Co. He served most recently as vice team up again with Tony Award-winning director Daniel Sullivan. president controller for AT&T Business They worked together on the Broadway production of Prelude to a DOES YOUR BUSINESS have a Solutions. Kiss. ¶ “[Daniel’s] such an astute reader of the text and an honest formal credit policy? How do Bloomberg LP: Jared Sandberg, 44, joined you deal with customers who as editor of Bloomberg.com. He had director,” she said. “He and Shakespeare are such a perfect match.” don’t pay? Tell us at See EXECUTIVE MOVES on Page 26 —jermaine taylor www.crainsnewyork.com/execinbox.

June 13, 2011 | Crain’s New York Business | 25 20110613-NEWS--0026-NAT-CCI-CN_-- 6/10/2011 11:28 AM Page 1

RÉSUMÉ REVIEW Real estate’s social maven Is your job search all it could be? We ask the experts. Prudential Douglas guide, teach and learn from agents office on East 20th Street to a NAME ROSE GÜL SUNGUR who are as passionate about social company with offices in New York SUMMARY Elliman’s digital chief media as I am, and organize every- City, Long Island, the Hamp- Performance-driven sales pro experienced in will educate agents one in a way so that their online tons, Westchester and Florida. It is building and maintaining a strong market conversations support Elliman and a big difference, but I’m not a presence in various industries drive more business to them. stranger to large companies. I started my career at AT&T and then EDUCATION BY AMANDA FUNG What’s your biggest challenge? went to MCI. I understand corpo- l Long Island University, M.B.A., May 2011 Getting 4,500 agents to trust rate culture. l Hacettepe University, Ankara, Turkey, B.S., psychology, June 2000 fter four and a half years at what I am doing. Agents are in- popular real estate website dependent, and we don’t want to What is your favorite website? PROFESSIONAL EXPERIENCE StreetEasy.com, Dawn mandate anything. I have to com- I have a newfound love for l Unique Setting of New York, 2006-2008 Doherty has jumped to municate the value of social LinkedIn. I recently updated my Sale representative Aone of the city’s largest residential media. We have so many profile with my new Elliman posi- Achieved over $4.5 million in sales in two years, increasing gross profit brokerage firms as its first-ever chief talented agents with tion, and more than 100 people by 65%; developed, implemented sales plans for new retail accounts digital officer. She is charged with so many great reached out to me. Right there, l DHL Worldwide Express, Istanbul, Turkey, 2004-2005 leading Prudential Douglas Elli- ideas. My job that is the testament on how Field sales manager man’s social is to show effective LinkedIn can be. Managed market expansion in five cities, capturing 40% of business media strate- them effi- It’s superpowerful; don’t from competitors; maintained more than 240 accounts gy and online cient ways of underestimate it. l Ford Motor Co., Ankara, Turkey, 2001-2004 MOVERS & presence. She using social Corporate fleet sales representative SHAKERS has spent her media. And your favorite app? Exceeded sales quotas by 35% throughout tenure, averaging first month on Instagram, a social net- $12 million in annual sales; maintained more than 150 accounts the job getting Will it be working site for photos, was Résumé appears in condensed form. Dawn to know the difficult to launched in October, and it firm’s agents transition from a already has more than 4 mil- EXPERT ADVICE Doherty and educating small tech firm to a lion users. Rose should consider rearranging her résumé to feature her best assets. them on how large company? Start with a professional title that establishes focus and subtly tells the social media I came from a How much time do you spend reader who you are and what you are looking for. Rose should highlight her can boost their business. group of 10 in online? recent M.B.A. in the summary, giving details in an education section that The 47-year-old is not a newbie an It’s a way of life for me. I follows the work history. Qualifications should follow the summary—a great to brokerages. The Bayonne, N.J., constantly have a mobile device way to give hiring managers a quick, comprehensive look at your strengths— native is a licensed broker and even with me. I friend everyone and should include specific competencies and industry-relevant skills. spent two years selling real estate at who wants to friend —ware sykes, head of résumé services, TheLadders.com her current employer’s biggest rival, me on Facebook. The Corcoran Group. When I have To contact this candidate or to be featured in “Résumé Review,” e-mail us downtime, I at [email protected]. Why did you leave StreetEasy.com? learn to use This is an opportunity for me to new tools. Ⅲ

EXECUTIVE MOVES Gerald Rokoff, 61, joined as partner. He president at Real Estate Capital He previously served as general previously an attorney. was previously chair of the global tax Partners. manager, media, entertainment and Cort T. Malone, 34, has been promoted planning committee for White & Case. Elle: Kevin O’Malley, sports entertainment, at Buddy Media. to shareholder. He was previously an Continued from Page 25 Spirit Music Group: 52, was appointed Adam Carroll, 31, joined as director of attorney. been banking and finance editor for The Alan Wilkis, 29, joined senior vice president, business development, a newly created Mayer Brown: Richard Rosenfeld, 42, Wall Street Journal. the independent publisher and chief role. He was previously media director at joined the law firm as partner and co- The Westin New York at Times Square: Jim music publisher as revenue officer of the Red Bricks Media. leader of the U.S. securities litigation Mooney, 40, was promoted to director of creative director. He Hearst Magazines Kailei Richardson, 34, was promoted to and enforcement group. He was sales and marketing for the 863-room was previously title. He was the new role of director of marketing. previously chief investigative counsel for hotel. He was previously director of Evergreen Music previously vice Her previous title was senior manager, the Special Inspector General for the sales. Publishing’s senior president, publisher marketing and strategy. Troubled Asset Relief Program. DLA Piper: David Goldstein, 48, joined as marketing director. and chief revenue officer of Esquire. FalconStor Software: Abbas Meghjee, 37, Baker Hostetler: Regina L. Griffin, 42, partner for the law firm. He was Citigroup: Terri Gumula, 44, joined as Hearst Magazines: joined the data protection firm as vice joined the law firm as a partner in the previously co-head of the investment vice president of Citi Community James B. Meigs, 54, was president of North American sales business group. She was previously funds practice at White & Case. Capital. She was previously a vice promoted to editorial operations. He was previously director special counsel at Windels Marx Lane director, men’s of inside sales at Symantec. & Mittendorf. enthusiast group. His Donna Williams, 49, joined as vice Jorian L. Rose, 41, joined as a partner in previous post was president of worldwide technical the business group. Most recently, he ORPATE LD C editor in chief of support. She was previously director of was a partner at Venable. Popular Mechanics. Americas software support delivery at RBC Capital Markets: Patrick McGarry, BRAIN INSTITUTE’S SMART MOVE Kate Kelly Smith, 57, Hewlett-Packard. 46, joined as a director for the corporate was promoted to senior vice president Marks Paneth & Shron: Brian L. Fox, 36, and investment banking unit of Royal CATHERINE LORD, 60, was appointed director of the new Institute for Brain and publishing director. She was joined as chief financial officer of the Bank of Canada. He was previously a Development at New York-Presbyterian Hospital, Weill Cornell Medical previously vice president, publisher and accounting firm. He most recently senior vice president at Jefferies. College and Columbia University Medical Center. A renowned autism expert, chief revenue officer of House Beautiful. served in the same capacity for Loureiro Allan “Jaak” Vare, 50, joined as a director. she will also be appointed to the faculties of Weill Cornell Medical College Patricia Haegele, 59, was promoted to Engineering Associates. He was previously executive director at and Columbia University College of Physicians and Surgeons. publishing director. She previously Marcum: James Ashe, 57, has been Morgan Stanley. served as senior vice president, publisher promoted to partner in charge, advisory Zubatkin Owner Representation: Sarah Ms. Lord has extensive experience in researching new and better and chief revenue officer of Good services group, for the accounting firm. Haga, 49, joined the firm as senior vice treatments for autism. The institute was created in collaboration with the Housekeeping. He was previously partner, advisory president. She previously worked for New York Center for Autism and will offer best-practice evaluations and Greenberg Traurig: Peter A. Miller, 53, services group. AECOM as managing principal, New treatments for individuals with autism spectrum joined the law firm as a shareholder in Tzell Travel Group: York office, design and planning. disorders and other brain disorders. the New York real estate practice. He Christina Malik, 31, Shiboleth: Alon Harnoy, 41, joined the Ms. Lord is currently working on developing a was previously a partner and head of the has been promoted to boutique law firm as head of its newly real estate and finance group at Akin vice president of hotel created mergers and acquisitions group. module for the Autism Diagnostic Observation Gump Strauss Hauer & Feld. programs and He was previously an associate at Schedule—a diagnostic tool she helped develop— JS 2 Communications: Tom Freydl, 42, development for the Schulte Roth and Zabel. for adolescents and adults with limited verbal skills. joined the public relations agency as travel management —jonas altman-kurosaki She is also working toward developing a measure general manager and vice president. He company, a division of of spontaneous, functional language in children previously served as president of the Travel Leaders Group. EXECUTIVE PROMOTIONS with autism. Ms. Lord received her Ph.D. from New York office at Allison & Partners. She previously served as the company’s The fastest way to get an announcement into Harvard University. PointRoll: Matthew Flanagan, 36, joined director of hotel programs. Crain’s is to submit online. Fill out the form the digital marketing firm in the new Anderson Kill & Olick: Dennis J. Artese, at www.crainsnewyork.com/section/ —JONAS ALTMAN-KUROSAKI position of vice president of business 36, has been promoted to shareholder at executive_moves. The Executive Moves column development and publisher channels. the corporate law firm. He was is also available online.

26 | Crain’s New York Business | June 13, 2011 20110613-NEWS--0027-NAT-CCI-CN_-- 6/10/2011 11:29 AM Page 1 chemex / INSATIABLE CRITIC Gael Greene Madison Ave., from 3:15 p.m. to 4:15 flickr.com THE p.m. Seating is on a first-come, first- served basis. For more information, visit www.nypl.org. WEEKETWORKING CPS N TUESDAY, JUNE 21 Networking for Professionals presents Daniel begets AHEAD POWER LUNCH NYC. Make quality business connections over lunch from 1 p.m. to 3 p.m. at Stuzzi Restaurant, JUNE 20-26 928 Broadway.The fee is $39.99 for Boulud Sud members, $49.99 for nonmembers and for all at the door (cash only). For more CONFERENCES AND information and to register, visit gettyimages New West Side spot SEMINARS www.networkingforprofessionals.com/ TUESDAY, JUNE 21 eventlistings.php?event=PLNY. WHAT SHE’S dishes Mediterranean WORKSHOP IN BUSINESS OPPORTUNITIES invites you to learn how to turn your CULTURAL EVENTS READING with style, verve idea into a profitable business. The free TUESDAY, JUNE 21 lecture will take place at the Harlem Solstice in Times Square Pick DEBBIE GIBSON, the singer- n an era gone by, when restau- CDC, 163 W. 125th St., 17th floor presents MIND OVER of the songwriter who set pop charts on MADNESS YOGA rant reviewing was more civi- conference room, from 6 p.m. to 7:30 ,a week fire in the ’80s, enjoys reading lized, I would have given p.m. Registration is required. To register, daylong yoga celebration visit www.wibo.org/events. held at the crossroads of the stories about strong women. Daniel several weeks to wres- world. This free event will be held from When she’s not working on her

tle his just-hatched Boulud buck ennis WEDNESDAY, JUNE 22 7:30 a.m. until 7:30 p.m. at Broadway new record or touring with fellow ISud into submission.But in these ac- FROM THE GRILL: New Caledonia shrimp BUSINESS CENTER FOR NEW AMERICANS Plazas between West 45th and West teen sensation Tiffany, the singer celerated times, with the impresario invites you to a seminar on social media 47th streets and will feature yoga lessons cozies up with titles like Kirsten staging media hard-hat tastings dur- BOULUD SUD for small businesses. Instructor Catherine for all skill levels. For more information Lobe’s Paris, Baby! ing construction and a champagne Ventura of Venn Diagram Inc. will teach and to register, visit “She’s a really witty writer,” 20 W. 64th St. attendees how to get their businesses www.timessquarenyc.org. preview for Citymeals-on-Wheels (212) 595-1313 Ms. Gibson said. She called the (the charity we both champion), I online, branded and communicating with www.danielnyc.com/boulud_sud.html WEDNESDAY, JUNE 22 story, which appealed to the join the crush to be first in the door. free social media tools.The seminar will take place at Citibank, 120 Broadway, Join the YALE PERCUSSION GROUP for a “fellow black sheep” in her, It’s bigger than I expected, with main level, from 6 p.m. to 9 p.m.The cost performance of works by Steve Reich authentic and unique. vaulted ceilings, windows on the to attend is $15. For more information and David Lang as part of the Yale in Ms. Gibson is also reading Girl street, terrazzo floors and carpeting CUISINE French/Mediterranean and to register, call (212) 898-4127 or New York series. The concert begins at Singer: An Autobiography, by hoping to soften clatter. It’s cool, PRICE RANGE Entrées $23-$49 e-mail [email protected]. 7:30 p.m. at the Galapagos Art Space, blond, almost bland with a half- 16 Main St., Dumbo, Brooklyn. Tickets Rosemary Clooney. “She was a open kitchen as its pulsing heart. SERVING Dinner THURSDAY, JUNE 23 are $15 for the general public and $10 gutsy woman who held her own NEW YORK PUBLIC LIBRARY Why am I not surprised that chef RESERVATIONS Yes invites you to for students. To purchase tickets, visit with the boys,” she said. learn about print and electronic market- www.galapagosartspace.com/event/yale- Ms. Gibson has always wanted de cuisine Aaron Chambers and his NOISE LEVEL Lively driven crew are already delivering research information sources. The free percussion-group-plays-david-lang-and- to play Ms. Clooney in a movie. lecture will take place at the Science, steve-reich or call (718) 222-8500. “We have similar stories, both their master’s Mediterranean vision I can’t wait to return. Industry and Business Library, 188 —suzanne panara of taverna-style small plates,tagines I will definitely go back. starting out on the road at 16.” and grills à la plancha with verve and —JERMAINE TAYLOR I’ll let them simmer awhile. To view Crain’s classified events listings, go to www.crainsnewyork.com/events a definite French accent only days after the official opening? NO HATS Never again. The young lion of Lyon, now quite determinedly American, got his taste for Mediterranean flavors after Daniel is off to his next venture. at Roger Verge’s Moulin de Moug- “Don’t write anything tonight,” ins, he reminds us. And Café he beseeches me.But I cannot imag- Boulud’s menu has always visited ine any giant prawn more skillfully Join the Turkey, Greece, Morocco, Spain, grilled than tonight’s large New North Africa, in turn. So, of course, Caledonia shrimp propped on cuts harissa, pistou and lardo are here. of spring vegetables. I can see myself Boulud is everywhere tonight,de- at the bar after a movie, making a Crain’s livering charred Sicilian sardines es- supper of the baby goat ragout with cabeche to our table himself, re- plops of goat cheese on orecchiette. arranging to make space for plates. It’s delicious. Community Meanwhile, he is scoping the room I bet harissa-painted lamb loin for signs that someone might need with Algerian eggplant is not some- attention,a Boulud regular,celebrity, thing you’ll find in Algeria, but it’s a Subscribe to Crain’s New York Business demanding first-nighter—Chelsea hit tonight. And the marvelous, aro- Clinton, Stephen Starr, Elaine matic tagine of chicken leg with pre- New York’s must-read resource for business leaders Wynn with Elizabeth Blau, Arthur served lemon, olives and tomato is and Barbara Gelb with their sons and Africa enough for anyone afraid to fly. daughters-in-law (Peter Gelb rushes One week later,visitors from L.A. off, presumably on opera business). are impressed by sardine escabeche One year subscription $29.95 I won’t say I’m seduced by every and giggling at the idea of falafel in Weekly news analysis of New York’s most small plate or appetizer that first this sedate setting. Five of us can important business issues night, though we’re already de- share small hills of green and black Print Edition manding seconds of the fabulous tapenade and a platter of tabbouleh In-depth reports and trend stories crisps and crusts, focaccia and crou- two ways: classic bulgur with mint, Crain’s annual Book of Lists tons. Daniel has asked if he can or- and the odd faux variation of chestrate our starters. The duck leg chopped cauliflower with za’atar and kataifi with date chutney is a trifle dried fruit. And there is enough sea compared to the fine vitello tonnato urchin on the crab tartine with green One year subscription $24.95 with anchovy and giant capers. olives and lemon cream even for an Anytime access to comprehensive and late I’m already finding favorites: uni-phile like me. breaking business news crusty little falafel planted in a paste I am not expecting “short rib Digital Edition of fresh hummus to pile on lavash. grilled on the bone” to emerge so Crain’s Daily Alert delivered to your Green and black tapenade to smear sweetly caramelized and outrageous- inbox each business day on ciabatta. Crispy artichokes a la ly fatty. Its haricots au pistou are an- FREE unlimited access to Crain’s archives Romana to drag through a feisty other reminder we’re on Boulud’s aioli. Tangles of sprouts and micro Mediterranean fantasy voyage. greens and colorful rivulets of sauce Subscribe today Go to www.crainsnewyork.com/subscribe are the upscale French touch that Copyright © 2011 by Gael Greene. will remind us who’s in charge long Syndicated by www.insatiable-critic.com.

June 13, 2011 | Crain’s New York Business | 27 CN014454 6/10/11 12:47 PM Page 1

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