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INSIDE REPORT TOP STORIES SMALL BUSINESS How Lehman crash Lessons in longevity changed New York from family firms three generations as we know it ® PAGE 2 and older P. 16 Hey, Jude! Broadway VOL. XXV, NO. 37 WWW.CRAINSNEWYORK.COM SEPTEMBER 14-20, 2009 PRICE: $3.00 peddles stars. Will it work? Secret deals PAGE 2 WYNN OR LOSE in Marriott Developer’s bank gets thumbs-down as his woes mount Vegas superstar faces uphill race at legal battle PAGE 3 Aqueduct; high rollers in Queens? ning—and they say the re- Bad signals coming Hotel owner’s cession is only partly to Only this time he’s planning a tran- suit claims blame. Last week, they filed out of Channel 13 BY AMANDA FUNG quil two-acre pond in the foreground a lawsuit against Courtyard PAGE 3 of what he hopes will be his latest management Management Corp., a sub- in 1999, Steve Wynn, the man who gambling destination, a sprawling rooms with union sidiary of Marriott Interna- NY pols are making helped transform Las Vegas into a quasi-classical building that will rise tional, accusing the hotel glamorous gambling mecca, built an beside the Aqueduct Raceway. operator of “negligent man- us Shakedown City eight-acre fountain that performs a Mr. Wynn is shifting his approach BY LISA FICKENSCHER agement.” The owners also ALAIR TOWNSEND, PAGE 11 watery dance set to music every in the face of one of his claim Courtyard charges ex- half-hour in front of his toughest challenges the courtyard marriott cessive fees for insurance newest casino there. Sev- yet: He’s out to on First Avenue and East coverage and Marriott’s loy- en years later, he in- prove he’s the man 92nd Street seemed destined alty program awarding free USINESS IVES stalled an even the state should for success when it first nights is too expensive. B L splashier water fea- tap to turn the opened in August 2006. At But the most striking al- ture at the entrance run-down 1950s the time, the neighborhood legation accuses Courtyard of his new casino in Big A racetrack lacked a major hotel but had of making backdoor deals the Chinese territory into a money- plenty of potential customers with the hotel union in an ef- of Macau. making ma- from visitors to the nine fort to protect the Marriott Today Mr. chine with nearby hospitals and guests Marquis in Times Square, Wynn is at it 4,500 video of the area’s residents. which does not employ again—in humble lottery termi- Three years later, the ho- union workers.The hotel gi- Ozone Park, Queens. nals, or arm- tel’s owners are pouring mil- ant is notorious for its hard See Page 36 lions of dollars into the line against unionization. property to keep it run- See MARRIOTT on Page 36

GOTHAM GIGS Kevin Clash,the man The growing clout behind the Muppet P. 37 G ANNE FISHER spins economic chaos into of left-wing party innovation P. 37 G MOVERS & SHAKERS Working Families Then again, Mr. Cantor Alan Gilbert leads the isn’t your typical politico. Philharmonic P. 38 rules Albany; now Known for his dirty shirts and ratty shoes, the 54-year- G GAEL GREENE finds it’s targeting city old unabashedly expects sea legs at Oceana P. 39 politicians who ride into office on BY DANIEL MASSEY his organization’s back to support INDEX it’s not every measures such as party boss who those that raise the IN THE MARKETS ______4 shows up to lunch minimum wage, NEW YORK, NEW YORK ______6 days before a criti- preserve affordable EDITORIALS ______10 cal election wield- housing, or man-

NEIGHBORHOOD JOURNAL ______12 ing a copy of A Pop- date paid sick days ulist Manifesto.Or instead of creating REAL ESTATE DEALS PLUS ______14 ‘We actually who launches into a patronage jobs for CLASSIFIEDS ______32 soliloquy on the believe you his pals. Mixing HOT JOBS ______37 virtues of social can use big ideas with what EXECUTIVE MOVES ______37 democracy before the power he calls “a little bit See AT DEADLINE on Page 2 THE WEEK AHEAD ______39 the waiter even has of the state of oomph to get fred harperfred a chance to take his to mitigate them noticed” order. (think knocking 37 “I was just get- inequalities’ on nearly 1 million 5 COMINGNEXT WEEK ting a head of steam —Dan Cantor doors per year),has 50 MOST POWERFUL WOMEN IN NEW YORK: up,” laments Work- Executive director helped the party Who will top the list? Find out next week when ing Families Party of the Working champion a left- the special section appears in print and online Executive Director Families Party wing agenda the ELECTRONIC EDITION at www.crainsnewyork.com Dan Cantor, as the likes of which has

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Billy Elliot. IN BRIEF “We have far fewer butts in seats, and Broadway’s season that concerns me,”says producer Ken Dav- A BLOCK’S WORTH OF VACANT REAL ESTATE enport. “This summer wasn’t good, and DOWNTOWN IS BEING TRANSFORMED INTO A we’re on target for a drop at the end of this public art exhibition space until the market season.” picks up again.Trinity Real Estate, which opens with whimper Some theater executives are more san- manages Trinity Wall Street’s 6 million square guine. Jordan Roth, who last week was feet of commercial real estate, is donating an named president of Jujamcyn Theaters, entire city block between Canal, Grand, the third-largest theater group on Broad- Sullivan and Varick streets to the Lower Crowds down 9% as fall’s stars take stage way, admits the summer was “particularly Manhattan Cultural Council for about three difficult.” But he believes it was mostly years.The project’s organizers said the endeavor But all that star power may not be due to scheduling issues. Last season saw marks the first time a development site has BY MIRIAM KREININ SOUCCAR enough. After reporting record grosses a record number of limited runs, many of become a public outdoor art space. LentSpace, last season, Broadway is finally feeling the which closed in the beginning of the sum- which opens Sept. 18, will feature work by eight can james bond save Broadway this sea- effects of the recession. At- mer, leaving a num- international artists in its first exhibition, which son? tendance plummeted over ber of empty the- runs until January. The Great White Way is packed with the summer to around 3.3 ‘We have far aters until the fall movie stars this fall, and the celebrity- million for the season to shows were ready. FASHION WEEK COMMENCED IN THE BIG studded roster begins this month with A date, which began in June, a fewer butts in Indeed, the number APPLE LAST THURSDAY WITH BLOUSEY TOPS, Steady Rain, starring 007 actor Daniel 9.3% drop compared with of playing weeks is stick-thin pants and safari prints, but not much Craig and X-Men’s Hugh Jackman. Soon the same period a year ago. seats,’ laments down 18.9% so far in the “wow” category.The eight-day series of after, Hamlet opens with Jude Law. Fol- Climbing ticket prices kept this season. shows and events, expected to rake in $233 lowing that are Sienna Miller in After Miss box office grosses steadier, one producer “We are ab- million in direct visitor spending and bring in Julie, Julia Stiles and Bill Pullman in but the total was still down solutely operating in 116,000 attendees, continues this week with big- Oleanna and Catherine Zeta-Jones in A 2.9%, to just un- a challenging eco- name designers such as Carolina Herrera, Vera Little Night Music. der $290.9 nomic climate,” Mr. Wang, Marc Jacobs and Isaac Mizrahi. Insiders million. Roth says,“but I feel hope industry giants, Mr. Jacobs especially, will Making matters worse, that by the end of the fall, our attendance feature looks that inspire consumer spending. the fall has fewer will be up.” shows playing than Producers admit they are taking less REP. JERROLD NADLER OF MANHATTAN AND last season,and no big risk this season. Stewart Lane chose to TWO DEMOCRATIC COLLEAGUES FROM splashy musicals like back one play, Pulitzer Prize winner Tracy Colorado and Wisconsin will introduce a bill in last year’s Letts’ Superior Donuts, this fall. But he’s Congress on Tuesday to repeal the Defense of holding off on his big $10 million musical, Marriage Act, which Congress passed in 1996 Stormy Weather, which already played last to limit the benefits that states could grant to year in a pre-Broadway trial run in Pasade- same-sex couples. Public acceptance of gay na, Calif. marriage has grown substantially since then, and more politicians support it as well.
A pickier market “i’d be nervous to open up a big musi- cal in the fall right now,” Mr. Lane says. BY THE NUMBERS “I’d like to bring the show in the spring, when I think the economy Weekly shift of the city’s economy will be picking up.” Mr. Davenport had four shows CALL IT COUNTERCLIMATIC. Business activity on Broadway last season.This fall and consumer sentiment are warming even as  temps cool. More firms are upping fall forecasts; he’s only doing one—David more shoppers are expressing confidence. TO BE OR NOT TO BE Mamet’s Oleanna. “It’s got Bill ... PROFITABLE: Pullman,who is well- loved in Producers increasingly New York theater,it has [pos- are relying on the draw itive] reviews coming +47.4% -12.4% +3.7% of movie stars (like RISE IN Chapter DROP in single- BLOOMBERG/ Jude Law as Hamlet). from the West 7 and 11 copy sales for CRAIN’S NY stock Coast, it has Julia bankruptcies in 521 U.S. index weekly Eastern and consumer change Stiles, and it’s a very Southern Districts, magazines, economical produc- 8/09 vs. 8/08 1H ’09 vs. 1H ’08 tion because it only (U.S. Bankruptcy (Audit Bureau of has two stars,” Mr. Court) Circulations) Davenport says. “You NEW YORK AREA AIRPORT TRAFFIC have to be pickier and Percent change in passenger volume vs. 2008 levels more careful in this market.” See BROADWAY on Page 35 johan persson AFTER THE FALL since the collapse of NUMBER OF TIMES THE TOP-SELLING MEN’S SUIT AT ROTHMAN’S PHRASE “TRILLIONS OF STORE IN UNION SQUARE Lehman Brothers one year DOLLARS” APPEARED IN Data are for JFK, LGA, Newark and Stewart airports. Source: The Port Authority of New York & New Jersey ago this week, New York MAJOR NEWSPAPERS AND MAGAZINES City’s economy is—clearly— CORRECTION $1,400 a changed landscape. A spike Canali Manny Santana owns the Bartow Florist Boutique, which was 2008 featured in the Sept. 7 article “Co-op City gets hammered.” His in the unemployment rate, to 3,520 During the 12 months ended Aug. 31, 2008 surname was misstated in the story. 9.6% in July from 5.8% last September, offers one stark vol. xxv, no. 37, september 14, 2009—Crain’s New York Business (issn 8756-789x) is published weekly, except for combined issues measure of the effects. But $599 the 5th week of June and the 1st week of July, the 2nd and 3rd 11,643 Theory weeks of July, the 4th week of July and the 1st week of August, how else has New York During the 12 months ended Aug. 31, 2009 2009 the 4th and 5th weeks of August, the 3rd and 4th weeks of November, and the 3rd and 4th weeks of December by Crain changed? And by how much? Communications Inc., 711 Third Ave., New York, NY 10017.Peri- odicals postage paid at New York, N.Y., and additional mailing SECURITIES INDUSTRY MARKET VALUE OF THE 200 NEW YORK AREA STOCKS offices. Postmaster: Send address changes to: Crain’s New York JOBS IN NEW YORK IN THE BLOOMBERG/CRAIN’S NEW YORK INDEX Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call (888) 909-9111. 192,800 (August 2008) $2.72 trillion (Sept. 12, 2008) Fax (313) 446-6777.$3.00 a copy, $59.79 one year, $109.79 two 162,800 (July 2009) $2.11 trillion (Sept. 11, 2009) years. (GST No. 13676-0444-RT) ©Entire contents copyright 2009 by Crain Communications Inc. All rights reserved. Notes: All data are latest available. Goldman Sachs and Morgan Stanley payloads are the total compensation and benefits expenses reported by the two firms as of the first half.

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At Channel 13, the financial signals are red Audit sparks Justice Department inquiry them to pay bills. BY MATTHEW FLAMM Several current and former staffers speak of getting calls from since the spring,a new studio for collection agencies and vendors public television station WNET who refuse to continue working has been “Coming Soon!” at the with the station because they busy corner of Broadway and West haven’t been paid. 66th Street,as a sign in the window Worst of all for morale,120 peo- BAD MOVE: Shaya Boymelgreen (left) envisioned his bank as a specialized real promises. ple have been laid off from WNET estate lender; the feds see it as a mess. The opening date has been and sister station WLIW this year.

getty images buck ennis pushed back several times, several Insiders among the remaining 409 insiders say, making the street-level employees fear another round of site the most visible indicator of the cuts will follow the WNET.org troubles plaguing the station’s par- board meeting on Sept. 24. ent, WNET.org, and its ambitious A former president of NBC new chief executive, Neal Shapiro. Bank’s woes Former and current staffers talk of an air of crisis inside the nation’s largest public television station, which has been battered from sev- eral directions at once.Fundraising dollars fell 11% in fiscal 2009, hurt developer which ended in June. Meanwhile, the organization has embarked on several big-ticket projects, includ- city’s most prolific dealmakers, ing the launch a year ago of World- Problems at Boymelgreen’s lending snapping up 23 Wall St. and 15 focus, its nightly international news Broad St. for a total of $100 million program. arm flare as setbacks loom elsewhere in just one day of frenzied dealmak- In addition, a Department of ing in 2002, according to Forbes. Justice investigation into the non- Boymelgreen’s mounting troubles. “He rose with such alacrity and profit organization’s finances has BY THERESA AGOVINO He is saddled with stalled projects, speed,” says Steven Sladkus, an at- put a choke hold on key sources of including a planned residential torney who has filed two lawsuits funding, according to two people when developer Shaya Boymel- tower in Chelsea. Meanwhile, he is against Mr. Boymelgreen over two familiar with the situation. BUDGET-BUSTER: WNET recently launched green co-founded LibertyPointe facing a tide of lawsuits alleging different condo projects. “He is The investigation followed an Worldfocus, anchored by Daljit Dhaliwal. Bank four years ago,he aimed to use everything from failure to repay falling with even more speed.” audit by a donor into how its fund- his real estate expertise to help the loans to fraud, negligence and Although Mr. Boymelgreen’s in- ing was used. Since the audit re- bank become an industry specialist. breach of contract related to the volvement in real estate investing vealed discrepancies of more than News, Mr. Shapiro was new to That part of the plan, at least, construction and sale of two condo- dates back to the mid-1990s, it was- $1 million, it triggered the Justice public television when he took the worked. Today, 92% of the bank’s minium projects. n’t until 2002, when he formed a Department investigation—and reins at WNET in February 2007 loans are related to real estate. partnership with billionaire Lev put the organization at odds with and embarked on several ambitious The problem is that so many of Sea change Leviev,that his star soared.The two Office of Management and Budget projects at once. those credits have soured that last it is an abrupt about-face for Mr. deeply religious orthodox Jews had guidelines governing a nonprofit He oversaw a video-rich expan- month the Federal Deposit Insur- Boymelgreen, an Israeli immigrant met on a Caribbean cruise a year that accepts federal funds. Until sion of WNET’s Web site and an ance Corp. stepped in and slapped who helped pioneer conversion of earlier, according to published re- the review is resolved, the station upgrade of the facilities at Channel LibertyPointe with a cease and desist downtown office towers to residen- ports. has decided not to draw on govern- Thirteen’s studio on West 33rd order to stop its risky loan policies. tial use by doing just that at 20 Pine Together, Messrs. Boymelgreen ment grants, even though some Street. He also signed a deal with And that may be the least of Mr. St.He also once ranked as one of the See DEVELOPER on Page 35 producers had been relying on See RED SIGNALS on Page 4

CHAMPAGNE SALES AT LIBRARY BOOKS BORROWED PAYLOADS (INCLUDING BONUS ASKING PRICE FOR WINE RETAILER SHERRY-LEHMANN POOLS) AT GOLDMAN SACHS AND EAST 71st STREET MORGAN STANLEY MANSION SUBWAY WORKWEEK RIDERSHIP 16.4M -16% September 2007 through July 2008 For first half of 2009 $15.4BFirst half of 2008 $24.95M versus first half 26.1M Sept. 17, 2008 First half of 2008 of 2008 18.5M September 2008 through July 2009 $17.3B 25.5M First half of 2009 $16.9 5M First half of 2009 Sept. 11, 2009

HEDGE FUNDS DROP IN SALES TAX SHARE OF MANHATTAN OFFICE SPACE CHARITABLE FUNDS RAISED AT THE ROBIN IN NEW YORK COLLECTIONS SO FAR THIS YEAR OCCUPIED BY FINANCIAL SERVICES FIRMS HOOD FOUNDATION’S ANNUAL GALA 619 (Sept. 1, 2008) -10% (New York City) 33.2% (Second quarter 2008) $56.5 million (May 2008) 441 (Sept. 1, 2009) -8.9% (New York state) 27.1% (Second quarter 2009) $72.0 million (May 2009)

Sources: Bloomberg, company reports, Cushman & Wakefield Inc., Factiva, Morningstar, MTA, NYC Transit, NY Public Library, Offic e of the State Comptroller, Robin Hood Foundation, Rothman’s, Sherry-Lehmann, StreetEasy.com, U.S. Department of Labor istockphotos

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Red signals at Channel 13 IN THE MARKETS Continued from Page 3 adding that the facil- Lincoln Center for the street-level STILL WAITING: ity could be in use by WNET’s new Lincoln by Aaron Elstein Broadway studio, paying $1 million Center digs are still December. a year for the 5,000-square-foot under construction. Worldfocus has its space. critics inside and out- Most important,he launched the side the station, but nightly, half-hour international he insists it is filling a Option ARMs could leave news program Worldfocus after talks critical gap, as many broke down with the BBC over news organizations exec’s hands tied at Wells Fargo terms for continuing to carry its cut back on foreign World News. coverage. He argues itigroup inc. ceo vikram pandit was fuming last In a departure from traditional that it has also year when Wells Fargo & Co. Chief Executive John WNET practice, Mr. Shapiro start- brought new funders Stumpf trumped his bid to Stumpf ed Worldfocus before funding was in to public television, C acquire Wachovia. Mr. Pandit

place and with no commitment buck ennis like the Peter G. Pe- from the Public Broadcasting Ser- terson Foundation, should thank his stars he never vice to distribute the program to its tigation, other than to confirm that which donated $1 million earlier consummated the deal, because more than 300 member stations. it’s “a civil matter, not criminal.” He this year. Wachovia’s loan portfolio, one of Without PBS backing—and fees maintains that the cash-flow from its members—it’s much hard- crunch, including the late payments Filling a vacuum in NY market the most toxic in banking, seems er to get funding from major donors. to vendors, was a result of fundrais- worldfocus had a nightly average poised to get much more poisonous. The news show started out costing ing taking a severe hit when the audience of 243,000 households The problem stems from option about $800,000 a month. stock market plunged last year. from January through July, accord- Some donors also lost money with ing to Nielsen metered market adjustable-rate mortgages, better New show, new dollars Bernard Madoff, he notes. numbers, which account for about known as option ARMs or pick-a- “worldfocus and the studio were The shortfall was “a temporary 70% of the country. BBC World pay loans. In these deals, borrowers Pandit both entered into before the world thing,” Mr. Shapiro says. News averaged 272,000 during the typically don’t make their full monthly changed last year,” says James Tisch, Fundraising has leveled off re- same period. (The BBC show lost chairman of the board of cently and is basically flat with last its New York audience when payment, opting to have the unpaid amount added WNET.org.“The timing is lousy,but year’s totals, he says, adding that he WNET and WLIW stopped car- to their mortgage balance.The loans are no longer there’s nothing we can do about it.” does not foresee more large-scale rying it.) being offered, but at least $190 billion were made Mr. Shapiro insists that the proj- layoffs. WNET.org’s operating Mr. Shapiro declines to break during the bubble years, mainly in the nation’s most effervescent ects were all necessary to the future budget for the fiscal year ending in down the finances for Worldfocus but of WNET, which has been looking June will be about $176 million, or insists that the program is learning housing markets.Three-quarters of pick-a-pay customers had to expand its audience beyond a de- 5% below last year’s. to do more with less, and that nei- properties in California, Florida, Nevada or Arizona. mographic that is often described as In addition,Mr.Shapiro expects ther the show nor the move to Lin- having “one foot in the grave.” He the new studio to boost coln Center was connected to the Now,the bill is coming due.Fitch for Wells Fargo, which still has $90 believes they will leave the organiza- WNET.org’s profile through its as- layoffs or the cash-flow problems. Ratings warns that more than $130 billion of pick-a-pay loans that it got tion better positioned when the re- sociation with the newly renovated “In a company of this size,” he billion of these loans over the next when it acquired Wachovia for $15 cession ends. Lincoln Center. “It will generate says, “it would be incorrect to say two years will “recast,” which takes billion. J.P. Morgan Chase has $40 bil- Mr. Shapiro declines to speak more attention, more program- that those things explain the is- place when a pick-a-pay reaches five lion that it inherited from Washing- about the Justice Department inves- ming and more support,” he says, sues.”
years of age or hits a certain balance. ton Mutual. The recasting will cause monthly The situation is so bleak that payments to jump by 63% on average Fitch’s credit analysts chucked their and should trigger a wave of defaults. typically cautious language to get How bad will it get? Fitch cautious- straight to the point.“Even without ly projects losses for recent-vintage further declines in home values,” It’s perfectly natural to pick-a-pays of as much as 45%. they predicted, “defaults on option

This mess could spell big trouble ARMs are expected to soar.” istockphotos; stumpf, pandit: bloomberg news think about it. The pain in Morgan Stanley’s assets crain’s noted last Monday that cludes mutual funds under the Van James Gorman, Morgan Stanley’s Kampen and Morgan Stanley ban- co-president and brokerage chief, ners, is likely to fetch $3.2 billion in Why doesn’t my payroll provider “has an excellent shot at succeeding a sale,according to Sanford C.Bern- John Mack”as chief executive (“The stein & Co. offer more to me and my employees? new kings of Wall Street”). Excel- Morgan Stanley got into mutual lent, indeed: Three days later, the funds in a big way in 1996 when it Small and medium-sized businesses like yours aren’t just thinking firm announced that Mr. Gorman acquired Van Kampen. But the would get the job in January. business has never meshed well with about it, they’re switching their payroll to Fidelity because it’s The 51-year-old its Wall Street forte: ad- never been a smarter choice. Fidelity HR/Payroll helps you better Aussie will have two vising blue-chip corpo- major tasks before him rations, hedge funds and manage your HR/Payroll needs – and helps your employees better when he takes the helm: such. figuring out ways to get The past year has manage their paycheck and prepare for the future. Our dedicated his bond and commodi- only made things worse. client support and web-based payroll service simplify your ty dealers to trade as According to Bernstein, profitably as Goldman Morgan Stanley’s retail HR/Payroll tasks and save both you and your employees time. Sachs’ legions, and re- assets under manage- vamping the business ment have tumbled 40% that serves mom-and- since the economic crisis Fidelity HR/Payroll. pop investors. That so- began, compared with a called retail operation 6% drop for the mutual Simplify your workload. Empower your employees. bloomberg news more than doubled in CEO-to-be James Gorman fund industry as a whole. fidelitypayroll.com/nyc size earlier this year If Mr. Gorman is when Morgan Stanley bought a ma- looking for a way to gracefully bow or call 1-866-415-8221 jority stake in Citigroup’s Smith out of a business that Morgan Stan- Barney. ley probably never should have en- As part of his retail redo, Mr. tered, Bernstein figures he could do Gorman must figure out how to fix so by selling a majority stake in the an ailing retail asset management retail asset management operation business that hasn’t turned a profit in to a money manager like Franklin six quarters. The unit, which in- Templeton, Invesco or Nuveen.

4 | Crain’s New York Business | September 14, 2009 Project3 9/8/09 4:24 PM Page 1

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NEW YORK,NEW YORK edited by Valerie Block

Downtown biz raises the wine bar ity winery, the wine bar and event space launched by Knitting Factory founder and avant-garde music Caficionado Michael Dorf, began selling the first bottles of its wine to the general public this month. The business, located at 155 Varick St., is the only Manhattan enterprise to produce wine since the 1960s, when Shapiro’s made kosher reds on the Lower East Side. City Winery vintner David Lecomte uses California grapes, marking the “first time ever” that a California grape has been bottled in New York, Mr. Dorf says. For a limited time, Downtown White—a Chardonnay—and Van Dam Zin are going for $160 and $180 per case, respectively, or 25% off retail. Only 300 cases of each were produced, and Mr. Dorf expects these virgins to sell out quickly. But more is on the way:The winery plans to bottle other varieties on a near-monthly basis as they age. City Winery gets its revenue from members who pay to make wine, as well as from concerts, classes and private events. Mr. Dorf, who was pushed out of Knitting Factory years ago by investors, says the nine-month-old business is already turning a profit.

today. In a bow to the tough fashion market, including runway FreshDirect meets advertising environment, the local shows and trade shows.Those Horn & Hardart program, produced by the station’s events contribute more than $18 marketing and promotions billion in direct spending to New freshdirect, known for its department, lets advertisers pay to York City businesses each year speedy delivery service, is taking appear in two-minute interview and bring in nearly 580,000 convenience a giant leap further: segments.There will be two of buyers and attendees. The online grocer is installing in them in each show. “New York is a fashion center, buildings across the city vending General Manager Carlos and we want it to remain that machines that spit out gourmet Sánchez says the features offer a way,” says Libby Langsdorf,a meals. Some 25 corporate spokeswoman for the EDC, cafeterias, including those at adding that the report provides BBDO, the Associated Press and the city with a way to keep track IAC/InterActiveCorp, are already of the fashion industry. on board. The report lists initiatives that The Chelsea Landmark at 55 the city put in place earlier this W. 25th St. recently became the year: It set up a calendar of events, first residential property to get one launched a database of showrooms of the refrigerated machines, and put together a guide for out- which offer 15 different entrées of-towners on who sells what. selling for between $4 and $9. A way to boost revenue by giving Further recommendations include quick zap in the microwave, and doctors, lawyers and other local improving transportation that chicken parmigiana or businesspeople a public platform arrangements between the Market lemon/dill that carries more influence than a Week trade shows—held mainly salmon is ready 30-second spot. at the Jacob K. Javits Convention to eat. The program will also feature Center and Piers 92/94—and the FreshDirect guests who don’t pay. Dominican more than 5,000 local showrooms. pays about singer Milly Quezada and Miss The report will go live on the $3,500 for the Universe Stefanía Fernández are EDC’s Web site later this month. machines, says lined up for Monday’s launch. Larry Pearl, Mr. Sánchez stresses that the Contributors: Lisa Fickenscher, director of program, hosted by Odalys Molina Miriam Kreinin Souccar business and one-time radio DJ Pedro Luis development. García (above), is not a news show He figures that and that the public will know PARK AVENUE’S hundreds of when sponsors appear. SCULPTURE PARK them will be Telemundo’s Miami station PARK AVENUE between East Pick up the issue or visit us online at installed in the developed the concept, which will 52nd and East 57th streets, crainsnewyork.com on September 21st. next couple of years. be expanded to other Telemundo plays host to the first outdoor “We are looking at retail, where stations around the country. exhibition in the U.S. of works by Crain’s will celebrate the achievements employees are on their feet all day, famed and the last thing they want is to Case clothed: French artists of the honorees at an exclusive network- stand in line on their break to get Claude and ing luncheon. Details coming soon. their lunch,” says Mr. Pearl. City touts fashion François- Xavier new york’s star-studded Lalanne. The And now, a palabra Fashion Week has already begun, massive from our sponsor and its less-sexy cousin, Market Week—trade shows where store sculptures wnju, the No. 2 Spanish-language buyers come to browse—is set to include TV station in the market—which start on Sept. 20. In preparation, Singe Avisé is owned by NBC Universal’s the city’s Economic Development (Très Grand), Telemundo—launches variety and Corp. published a report on how seen at right. entertainment show Acceso Total to strengthen New York’s entire

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apartments for personal use.) The Senate Democrats were missing one member and thus short RUDY ON THE RUN? ‘Loss’ no biggie THE INSIDER of a majority. While they continued RUDY GIULIANI LOST ANOTHER RACE last week, though this one cost him far the Albany tradition of not voting less than his $50 million presidential campaign. The former mayor’s by Erik Engquist and Daniel Massey on bills that won’t pass, they did candidate for chairmanship of the state Republican Party, Henry Wojtaszek, make an exception for an ethics conceded the position to GOP activist and fundraiser Edward Cox. reform measure. Mr. Wojtaszek, the party’s Niagara County chairman, was also backed by The 30 Republican senators had George Pataki. But neither the former governor’s calls nor Mr. Giuliani’s agreed to pass a reform bill persuaded many GOP officials to abandon Mr. Cox. approved by the Assembly, but not Whether the outcome will dissuade Mr. Giuliani from running for governor a broader amendment favored by in 2010 is unclear. State Republican leaders, who see the former mayor as Senate Democrats. So the their best hope for that election, did not believe that choosing Mr. Cox as Democrats called the amendment chairman would influence Mr. Giuliani’s decision much. to a vote first, watched the GOP Mr. Giuliani reinforced that belief when he appeared on Meet the Press, reject it, and then shelved the bolstering the suspicion that he wants to run for president, not governor. reform bill that would have passed, “He is far more comfortable talking about the in order to say that Republicans killed reform. national issues,” a GOP operative says. “He sees The tactic worked: A New York Obama as a better target for his ability to Times headline blared, “Senate reform bloated government.” G.O.P.Blocks Stronger Ethical In the early-September TV interview, Mr. Rules.” Giuliani suggested ap images that he will Dems barrel through no-passing zone Exterior unity, decide in ulterior motives November eform will have to wait a bit longer in Albany, whether to run for state attorney general Andrew governor. State party officials and not just because the state Senate failed to pass an Cuomo backed Gov. David Paterson’s initially wanted a decision in ethics bill last week.The process by which legislation call for developer David Mack to step July, so that there will be time to R down from the boards of the was hammered out—or, rather, simply hammered—showed find another candidate if Mr. Giuliani that political gamesmanship still rules in the upper chamber. Metropolitan Transportation opts out. Authority and the Port Authority Before the Senate gaveled in last Thursday, State Sen. Eric of New York and New Jersey. buck ennis Adams, a Brooklyn Democrat, optimistically predicted that Mr. Mack claimed that he had cooperated with a Cuomo feelings between the two his colleagues would not remove before the Senate convened, investigation of the state police, but Democrats—but also served to Guv’s all talk, no bills from their draft agenda just Democratic sponsors of a number of Mr. Cuomo said Mr. Mack gave generate publicity for Mr. Cuomo. affirmative action because they lacked the votes to bills asked to withdraw them. (The the attorney general’s interrogators The attorney general is thought to pass.The Democrats’ new Democrats’ spokesman claims, only his name and invoked the be eyeing Mr. Paterson’s job. there are whispers in the gay conference leader, John Sampson “There was really nothing of Fifth Amendment 37 times. community that Gov. David Paterson (above right), had been negotiating significance taken off [the agenda],” “We believe that Gov. Paterson is milking his support of gay with Republicans more but landlords were strongly against is 100% correct,” Mr. Cuomo said Schumer’s marriage for political gain. productively than had predecessor one yanked bill that would have in a statement that may have primary shoo-ins Mr. Paterson, struggling to raise Malcolm Smith (left). But the night precluded them from taking tenants’ momentarily thawed the frosty money for a 2010 re-election bid, sen. charles schumer (below ) recently hinted that he’d push for a does not often endorse candidates in marriage bill when the Legislature Democratic primaries, convenes at the end of this month. but he does make Alan Van Capelle, executive exceptions, director of the Empire State especially for Pride Agenda, says: “Our former staff community doesn’t give members. [lawmakers] credit for trying; we Last week, he give credit for delivering. [We] backed his one-time are expecting less talk and more counsel David Yassky for action.” city comptroller. Mr. Yassky, who also got the nod from The New York Times, now has the two most Health care puts marketable endorsements in the McMahon in a bind race—or three, counting the Crain’s endorsement. democratic rep. Michael McMahon Past Schumer aides who rode has the toughest vote on health care his endorsements to primary wins reform of any House member in the include Rep. Anthony Weiner and city because of active opposition in City Councilman Mike Nelson.Mr. his conservative district. Schumer is also backing Steve Levin Mr. McMahon has wisely been for Mr. Yassky’s council seat, which cautious so far, taking no position insiders see as a favor to Mr. Levin’s on the plan or any aspect of it. boss, Assemblyman Vito Lopez, the “He’s not saying he’s for or Brooklyn Democratic chairman. against this until he sees the final (Mr. Levin is also being helped by bill,” his spokeswoman says. his relative Carl Levin, D-Michigan, The freshman congressman has Mr. Schumer’s Senate colleague.) met with doctors and hospital Mr. Schumer is supporting administrators to assess how reform Assemblyman Mark Weprin for the would affect them, and he has been seat being vacated by his brother, trying to dispel misinformation Councilman David Weprin, one of that reform opponents are peddling Mr. Yassky’s opponents in the to constituents, particularly seniors. comptroller’s race. Mr. McMahon brought Anthony Mr. Schumer’s valuable Ferreri, chief executive and president endorsement helped Daniel Squadron of Staten Island University oust Martin Connor from the state Hospital, to President Barack
Senate last year. Obama’s speech last week. bloomberg news For daily political and government news, subscribe to CRAIN’S INSIDER @ www.crainsnewyork.com/insider

8 | Crain’s New York Business | September 14, 2009 CN013106 8/25/09 12:27 PM Page 1

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VIEWPOINT Best cure for sick-day plan editor in chief Rance Crain publisher, vp Jill R. Kaplan hat self-respecting business sumption from those who have never run a small business. editorial director Greg David wouldn’t give its workers paid sick days? It’s ironic that the politicians who back such efforts also EDITORIAL swear they support small businesses as the hope of the econ- One that can’t afford to do so.That’s the editor Xana Antunes fundamental reason why a proposal sail- omy.Those in the state Legislature have enacted a payroll managing editor Glenn Coleman deputy managing editors Valerie Block, ing through City Council to require tax to help fund the MTA,sharply raised income taxes on Erik Ipsen paid sick days should be stopped. the most successful entrepreneurs, are considering a paid- contributing editor W Elizabeth MacBride time-off program that would be difficult for these companies The law’s reach is breathtaking. Firms with only a few columnist Alair Townsend employees would be required to offer five paid sick days. to implement, and are only a few votes shy of hiking unem- senior reporters Theresa Agovino, Aaron Elstein, Erik Engquist, Lisa Fickenscher, Those with 10 or more workers—mostly small by any defini- ployment insurance taxes as well. In Congress, politicians are Matthew Flamm, Miriam Kreinin Souccar tion—would have to offer nine days. Surely, even the bill’s moving toward enacting a health care reform package that reporters Barbara Benson, Amanda Fung, Daniel Massey, Adrianne Pasquarelli, sponsors and its primary supporter, the Working Families clearly will raise costs drastically for small companies. It Hilary Potkewitz Party, must understand the hardship this would impose on seems those in the City Council can’t resist this bandwagon. art director Steven Krupinski deputy art directors Carolyn McClain, such operations.They probably even understand what would At least one silver lining exists in the dark cloud.The Daniel Mednick happen next if the bill is enacted: These companies will then city’s five borough-based chambers of commerce, which staff photographer Buck Ennis have operated independently and acted too parochially, have copy desk chief Wendy Zuckerman abolish paid vacation time to meet the new burden.Then, of copy editor Thaddeus Rutkowski course, outraged council members and the Working Families banded together to fight this legislation.Their voices have research editor Denise Southwood long been absent from crucial issues like this one. By mobi- www.crainsnewyork.com Party will return with a proposal for paid vacation time, too. web editor Brian Tracey The proponents argue that their proposal will increase pro- lizing, they can make the vote on sick days a test of whether senior producer Elisabeth Butler Cordova ductivity because ill workers will stay home, a ridiculous pre- their council members truly care about small business or not. producer Kira Bindrim EDITORIAL AND ADVERTISING OFFICES 711 Third Ave., New York, NY 10017-5806 editorial: 212.210.0277 Fax 212.210.0799 advertising: 212.210.0259 Cable craincom nyk Crain’s endorsements in the primary Fax 212.210.0499 Entire contents ©copyright 2009 Crain Communications Inc. All rights reserved. Comptroller: David Yassky ®CityBusiness is a registered trademark of MCP is the only candidate among the given the many independent agencies charged with monitor- Inc., used under license agreement. four City Council members running for this post who em- ing city government. Worse, none of the candidates has em- TO SUBSCRIBE: phasizes spending cuts over higher taxes. He strongly sup- braced an agenda that would help the city’s business interests Call 888.909.9111; fax 313.446.6777. ports a new, less generous tier of public pension benefits as a or economy—and some have coasted on anti-business rheto- $3.00 a copy, $59.79 one year, $109.79 two years. www.crainsnewyork.com step toward dealing with billions in added retirement costs in ric in the past. Crain’s makes no endorsement. coming years. And he backs a rule preventing politicians Manhattan district attorney: The key question in the race ADVERTISING AND MARKETING advertising director Trish Henry from refinancing public debt to push costs into the future. to succeed longtime DA Robert Morgenthau is who will senior account managers His positions on the issues make him the strongest choice continue his determined efforts to attack mob and white- Cornelius P. Gore, Courtney McCombs, William E. Squitieri for the job of chief fiscal watchdog for the city. collar criminals who prey on legitimate companies.The best account executives Public advocate: It isn’t clear this job is actually needed, choice is Cyrus Vance Jr. Irene Irvill, Anthony Mowad sales manager, classified print & online John Gallagher sales coordinator, print & online LETTERS TO THE EDITOR Lulé Haznedari newsletter product manager Alexis Barney credit Todd J. Masura 313.446.6097 marketing director Amy Crossman marketing manager Jill H. Bottomley circulation manager Andrea Richardson Wal-Mart debate rages assistant circulation manager Rosalie Ford FIRST SHOPPING EXPERIENCE ONLINE POLL general manager, interactive MAKES A FAN OF ONE READER Marc Minardo web developer, interactive WHAT THE HECK IS IT? over the past several years, I have Chris O’Donnell watched with great interest the efforts by READERS PROPOSED CHEEKY NICKNAMES Wal-Mart to enter the New York City NEW YORK PRODUCTION last week for developer Bruce Ratner’s latest market (Crain’s editorial, “A tale of two production and pre-press director designs for his planned Barclays Center, the retailers,’’ Aug. 17). As a lifelong city Michael Corsi advertising production manager new Brooklyn home for his New Jersey Nets resident, I had actually never been to a Suzanne Fleischman Wies basketball team. Wal-Mart and could not quite
The Barclays Basket understand the vehemence of its PUBLISHED BY CRAIN COMMUNICATIONS INC. Keith E. Crain
The Arena That Will Look Great After They opponents, who charged that the retailer chairman lacked health benefits, paid substandard president Rance Crain Remove the Bubble Wrap secretary Merrilee Crain wages and hurt local mom-and-pop newscom
The Barclays Panini Maker treasurer Mary Kay Crain retailers. William Morrow
executive vp, operations The Rat(ner) Nest Last week, while in Burlington, Vt., I been employed for 10 to 15 years. As I was senior vp, group publisher Gloria Scoby
Darth Arena happened to drive by a Wal-Mart and decided going through the checkout line, I asked the group vp, technology, circulation, to stop in and see what the controversy was woman at the cash register how she liked manufacturing Robert C. Adams
The Thinly Veiled Attempt Not To Look Like vice president/production & a Hangar about. For those of us accustomed to shopping working for Wal-Mart. She responded in the city, entering your first Wal-Mart is an enthusiastically that she had been working for manufacturing David Kamis
The Clamshell chief information officer Paul Dalpiaz awe-inspiring experience.The breadth of the the company for over 15 years and could not corporate circulation/audience
The David Paterson Memorial Money Hole products they carry is astounding, and the imagine a better employer. development director Kathy Henry prices are shockingly low. What I realized after this conversation is
The Deflated Basketball founder G.D. Crain Jr. (1885-1973) More important, what I noticed was the that the debate about Wal-Mart being a chairman Mrs. G.D. Crain Jr. (1911-1996) For this week’s questions: Go to large number of employees proudly wearing “bad” employer was not really about how www.crainsnewyork.com/poll to have your say. badges proclaiming their length of they treated their employees but was an employment with the company. Many had See LETTERS on Page 11

10 | Crain’s New York Business | September 14, 2009 20090914-NEWS--0010,0011-NAT-CCI-CN_-- 9/11/2009 12:58 PM Page 2

Bronx pols want a so-called com- munity benefits agreement that would require all business tenants to pay a “living wage” of $10 an hour plus health insurance, and would call for additional community space, union protections and local hiring. And they do not want the large su- permarket, despite the fact that it could offer lower prices to a cash- strapped population—probably be- cause they fear it might be nonunion. Their hook is the fact that the City Council has to approve the proj- ect. It’s pay to play, pure and simple. In November, Mr. Diaz is con- vening what he hopes will be a breakthrough summit on how to fix the Bronx economy. It probably hasn’t occurred to him that he’s the problem, not the solution. There is nothing in the city’s land-use review law that gives the City Council the right to pursue its demands. The law specifies that john h.john howard any environmental or traffic issues created by projects must be miti- gated, but it does not allow the council to set wages, mandate union membership or extract cash Community deals from developers for uses unrelated to the project at hand. Under the Bloomberg adminis- sell NY down river tration, land-use review has been turned into an opportunity for virtu- al extortion.In their eagerness to ad- he bronx isn’t burning, but it is suffering from vance projects, the mayor and his team have encouraged such prac- the highest unemployment rate of any major area tices,saying these are private matters of our state.The borough’s July unemployment rate between developers and community of 12.5% (not yet seasonally adjusted) soared past parties—although they denounce that for New York state, 8.6%, and New York City, them privately as corrupt. By con- trast, Ed Koch followed the law and T9.8%.Dealing with this dire situation should be job one for elect- refused to support projects that in- ed officials from the Bronx. Instead, they are grandstanding corporated these arrangements. The armory negotiations are just about a major project nearly 350,000 square the latest example of zoning for sale. that could yield 1,200 feet of retail space, in- Recent CBAs include provisions re- Join the Crain’s Community permanent positions. cluding a 60,000-square- quiring developers to build affordable They never disap- foot supermarket, a housing; hire workers from the bor- Subscribe to Crain’s New York Business— point. movie multiplex, restau- ough in which a project is sited; hire The project is the rants and 160,000 square contractors based on borough loca- New York’s must-read resource for the redevelopment of the feet of common space. tion,gender and ethnicity;fund job- city’s business leaders Kingsbridge Armory, A plan to turn a white training programs;provide offices for a 600,000-square-foot elephant into a beehive of community groups; set up day-care facility, once used by activity should generate centers;not lease space to Wal-Mart; the National Guard, enthusiastic support. But and put cash into community trust Print Edition that has been vacant ALAIR Bronx politicians, includ- funds.Each agreement has ratcheted One year subscription – $59.79 since 1996. A develop- TOWNSEND ing Borough President up the expectations and the stakes. • Weekly news analysis of New York’s er, The Related Com- Ruben Diaz Jr.and most of Dangerous precedents have most important business issues panies, was chosen by the borough’s City Coun- been set. We need more principled the city after a compet- cil members, have a list of leadership from the mayor and the • In-depth reports and trend stories itive process. The plan is to create demands that might kill the project. council speaker. • Crain’s annual Book of Lists

LETTERS TO THE EDITOR Digital Edition One year subscription – $35 Continued from Page 10 as-of-right sites that will allow Wal-Mart may create jobs on issue about protecting labor unions the company to bypass the the front end, but it erodes them • Anytime access to comprehensive against the competition of a strong community and its rep- later—just as it has fully eroded and late breaking business news nonunion employer. resentatives in the City Council. our American manufacturing base • Crain’s Daily Alert delivered to —james r. wacht Not very democratic. The public’s by becoming the single largest your inbox each business day President voice is critical to this particular customer in China and other Sierra Realty Corp. debate. overseas countries. • FREE unlimited access to Crain’s archives There is no question that Wal- My answer: Always low wages is WALLY DRIVES DOWN WAGES, Mart has earned its reputation as bad for New Yorkers and our ERODES MANUFACTURING the quintessential villain of retail. struggling retail economy. I’m Subscribe today to gain membership to the There is proven history in every convinced that New Yorkers want most powerful business community in New York. in the aug. 17 editorial, the community it operates in that the and deserve something better than editors of Crain’s New York union-busting, neighborhood- that. Business again are opining for crushing Wal-Mart forces out —stuart appelbaum Go to www.crainsnewyork.com/subscribe Wal-Mart to set up shop in New good jobs and reliable retailers President York City—this time actually while bringing down wages and Retail, Wholesale and Department encouraging Wal-Mart to find benefits. Store Union

September 14, 2009 | Crain’s New York Business | 11 20090914-NEWS--0012-NAT-CCI-CN_-- 9/11/2009 1:33 PM Page 1

NEIGHBORHOOD JOURNAL

center will have a computer lab, con- Haitians extend their roots in Queens ference rooms, offices, classrooms, a kitchenette and a large event space. Once the building is completed, gration-related services to integration into the local economy. 1,700-square-foot office on Linden HAUP plans to add employees and Community’s needs the growing Haitian and Caribbe- Less than 10 years ago,Caribbean Boulevard that HAUP has occupied expand on its 18 programs. evolve as it matures; an communities in Cambria restaurants made up the extent of since its founding and which today The organization received most Heights and neighboring St. Al- Haitian businesses in the neighbor- houses a staff of 50. of its funding for the new building advocacy group gets bans, Queens, has come a long way. hood, according to Elsie Saint Louis With help from local politicians, from St. Albans City Councilman Today, it offers everything from Accilien, director of HAUP. that situation is about to change. By Leroy Comrie, who cobbled togeth- new home to help workshops on how to avoid predato- “Now, it’s real estate, beauty the end of next year, HAUP hopes er grants worth $3 million. Borough ry lending to job-training programs shops, perfumeries, record compa- to finish its new 6,000-square-foot President Helen Marshall and As- aitian-americans and job-placement seminars. The nies,Haitian markets,law firms and building at 221-05 Linden Blvd. semblyman William Scarborough United for Progress, a shift comes on the heels of an esti- doctors offices,”she says.“Every day Last year, HAUP served more allocated $100,000. State Sen. Mal- group that started out mated doubling in the Haitian pop- there’s new stuff popping up.” than 15,000 people,up from less than colm Smith gave HAUP a $250,000 more than 30 years ulation in southeast Queens over the In fact, about the only thing that 10,000 just five years ago, according grant in August.Today,HAUP is just ago offering immi- past decade and a deepening of its has stayed the same is the cramped, to Ms. Accilien. The new HAUP $150,000 shy of its $3.5 million goal. H “We’re trying to find all kinds of ways to tie into the business com- munity, because that’s what keeps the whole community vibrant,” Ms. Accilien says. —hilary potkewitz Bed-Stuy biz district to get an upgrade the commercial heart of Brook- lyn’s Bedford-Stuyvesant is getting ® a major makeover—plus two af- Buy any BlackBerry, get one free. fordable-housing developments. Next month,the neighborhood’s brand-new business improvement And get a Small Business Specialist, too. district, called Bed-Stuy Gateway, will officially begin operations with BlackBerry runs better on America’s Largest and Most Reliable 3G Network. a $675,000 annual budget. Its top priority is to ensure that the stretch Now you can get more done on the go for less. Come in today, buy any do-it-all BlackBerry smartphone and get another one of Fulton Street running from Bed- free. It’s that simple. And to make things even easier, our Small Business Specialist will help get you upp andand runningrunning inin nono titime.me. ford Avenue to Marcus Garvey Boulevard and Nostrand Avenue OUR LOWEST PRICES EVER! from Halsey Street to Atlantic Av- Free phone must be of equal or lesser value. All phones require new 2-yr. activation on a voice plan with email feature, or email plan.

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New York area, Ken McCarthy, says management services for retailers some real bargains. Erica Kiang the firm’s brokers are reporting that and brands. founded Babel Fair, a marketplace Fewer subleases there isn’t a huge amount of new sub- Landlord W&H Properties of trendy clothing and accessories, lease space about to go on the market. moved six other tenants from the in February, but waited for months Still, rents continue to sink. Overall floor to accommodate Li & Fung. to find the right spot in NoLIta. a good signal rent hit $57.73 a square foot last Three tenants were relocated to an- “SoHo is becoming such an old, month, down 1.4% from July and other W&H building, outdoor mall with all of 21% from the year-ago period.Cush- while three remained. those big brands,” she he tide of sublease space that flooded the man predicts rents won’t bottom out “You don’t do that for says. “We wanted an area until mid-2010 and won’t start rising every tenant, but they’ve with smaller designers market amid the recession has played a major role again until at least a year later. been excellent,” says Fred and boutiques.” in depressing commercial rents. Now there are Meanwhile, the vacancy rate last Posniak, senior vice pres- Ms.Kiang got her wish early signs that tide may at last be ebbing. month was 10.9%, the same as in ident at W&H. “I’d do at 260 Elizabeth St.,between July but up from 7.3% a year earlier. this for a good tenant in a Prince and Houston The sublease vacancy rate slipped in August to “It will be quite a while before good market, and I’d do it streets,the former home of 2.8% from 3% in July—the first decline in 17 months, according rents go back up,” says Mr. Mc- in a bad market.” shoe store Terra Planna. T Carthy. “Rents don’t immediately Mr. Posniak adds that She recently signed a 10- to Cushman & Wakefield Inc.One significant factor in the drop react to lower vacancy rates.” creating another single- year lease for 550 square was Bank of Ameri- that either disap- —theresa agovino tenant floor fits into the feet on the ground floor ca’s decision not to LOOKING UP? peared or re- strategy of trying to at- 1359 Broadway and 550 square feet on the sublease a 500,000- trenched in the fi- tract larger companies. lower level. square-foot build- nancial meltdown. Li & Fung expands Newmark Knight Frank brokers The deal was completed close to ing it occupies at The proportion at 1359 B’way Brian Waterman and Jonathan the asking rent of $210 a square foot, 114 W. 47th St. 2.3 of sublease space is Fanuzzi represented the landlord, according to Faith Hope Consolo, That decision alone Percentage- also falling. Last li & fung usa leased an additional while Cushman & Wakefield Inc. the Prudential Douglas Elliman bro- helped bring the point drop in month, 25.9% of all 24,200 square feet at 1359 Broadway, negotiated for Li & Fung. ker who represented landlord Marol- sublease vacancy 114 W. 47th St. sublease vacant office space bringing its total in the building be- —theresa agovino da Properties. NoLIta rents, which rate for Class A space as por- was available for tween West 36th and West 37th hit a high of $300 per square foot last space in midtown tion of total vacant space sublet.That was the streets to about 120,000 square feet. year, slipped to $120 per square foot down to 3.8% in lowest level seen In the building since 2006, Li & NoLIta’s bargains at the beginning of 2009. But they August from 4.3% since last November Fung occupies five floors and will draw startups have rebounded strongly since, Ms. in July. Much of and is down from take over the entire seventh floor ear- Consolo says, adding, “It’ll be back Manhattan’s sub- 11.1 M 28.2% in April. ly next year. The asking rent on the to many, NoLIta is the lower- up to $250 soon.” Square feet of sublease lease space is located space on market In another posi- 15-year lease was $50 a square foot. profile, less-trafficked cousin of Constance Byrne of New York in midtown, home tive development, The company is a division of fashionable SoHo. But to some Commercial Realty Services repre- to many of the fi- Source: Cushman & Wakefield Inc. Cushman’s manag- Hong Kong-based Li & Fung Trad- startup retailers, it’s known as an sented Ms.Kiang in the transaction. nancial institutions ing director of the ing, which provides supply-chain area where falling rents are creating —adrianne pasquarelli

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Services provided by Empire HealthChoice HMO, Inc. and/or Empire HealthChoice Assurance, Inc., licensees of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield plans. 20090914-NEWS--0016,0017-NAT-CCI-CN_-- 9/10/2009 6:49 PM Page 1

SMALL BUSINESS IT’S WHAT’S UNDERNEATH THAT COUNTS: The family members behind Town Shop, including Peter Koch (left), Danny Koch and Hannah Ellenson, often find guidance in the legendary experiences of the late Selma Koch.

SPECIAL SLIDE SHOWS ON THE WEB Long-lived family firms tell their stories through historical snapshots, clippings and other ephemera photographed by Crain’s Buck Ennis @ www.crainsnewyork.com/smallbiz Secrets of the survivors When your family business has been around three or four generations, you know a thing or

two about making it through tough times n 1930, Italian immigrant Antonio Biancardi and his American-born wife, Anna, opened a Bronx BY CARA S. TRAGER butcher shop based on a simple premise: In good times or bad, people always need to eat. That maxim, which his son, Anthony, often repeated, convinced Antonio’s two grandsons of two things: that the business had staying power, and that they should join it. I“As bad as things get, people may not be buying filet mi- gnon, but they will eat chicken,” says grandson Anthony Bian- cardi Jr., 47, who co-owns the meat market on Arthur Ave- nue with brother Sal, 45, a former foreign-exchange trader. C.O. BIGELOW In the middle of a recession that has chewed through the APOTHECARIES city’s retail sector, Biancardi Meats is among an elite fraternity of family-owned businesses that have transcended challenges 1838 Village Apothecary from the Great Depression through the dot-com bust. opens two doors away from Bigelow’s current location These third- and fourth-generation owners are frequently 1880 Clarence Otis Bigelow guided by their forebears’ cautious business philosophies and becomes its third owner and renames it C.O. Bigelow 1902 Bigelow Building rises on Sixth Avenue between Eighth and Ninth streets 1939 William Ginsberg purchases the pharmacy 1952 Jerry Ginsberg, son APOTHECARY NOW: Ian Ginsberg has of William, joins the turned his family’s family business 171-year-old 1977 During the city’s C.O. Bigelow into a high-end blackout, the store’s national brand. old-fashioned gaslights illuminate the place 1994 First Bigelow catalog is printed 1995 Ian Ginsberg, grandson of William, becomes president 2003 Ian Ginsberg teams up with Limited Brands to take the Bigelow brand national photos by buckphotos ennis

16 | Crain’s New York Business | September 14, 2009 20090914-NEWS--0016,0017-NAT-CCI-CN_-- 9/10/2009 7:00 PM Page 2

TOWN SHOP 1888 Samuel Koch opens S. Koch, a notions store, on Bleecker Street 1926 Store gets a new name (Town Shop) and location (the Upper East Side) as lingerie becomes a more important part of the mix 1929 Selma Koch joins the business 1936 A second store opens, near the current location on 82nd Street and Broadway 1952 The third store opens, on Madison Avenue 1966-70 The East Side and Madison Avenue stores close 1988 Town Shop celebrates its 100th anniversary as a family business; in-store celebrations feature women dressed in defuse hard-to-please customers’ ation with his daughter, Nancy 1940s fashions anger by asking, “With all the Bass Wyden, 48. 2003 Town Shop moves problems in the world, how can In 1997, after about four three storefronts north to you get this upset about a bra?” decades of renting space in the its current location Under the stewardship of father Broadway building that currently and son, Town Shop also remains houses the store, Fred Bass pur- faithful to its matriarch’s sales ap- chased the property for $8.2 mil- proach, using no tape measure but lion. Father and daughter later instead delivering bras to the fit- installed an elevator and air-condi- infused with the self-assurance that consultancy and resource center. fortune, creativity and even outsize ting room until one works. tioning as part of a major revamp. comes with many, many years of Only 3% of retail family busi- personalities can play in sustaining “My grandmother said it’s an They embraced the Web in 1999. beating the odds.They owe their nesses make it through the third or and driving a family business art form, not a science,” says Dan- This year, with an eye toward commercial longevity in part to fourth generation, Mr. Messervey through the decades. ny Koch. maintaining the business’s average their predecessors, who knew when notes. But that’s better than family Danny Koch, in his late 40s, While the current crop of own- daily sales of some 6,165 books— to stay the course or shift direction, firms’ long-term survival rates in and his father, Peter, 80, own 121- ers are respectful of earlier genera- that’s right, 6,165 books per day— to cut back or expand. But they also most other industries. year-old Town Shop on the Upper tions’ wisdom, they never rely sole- they redesigned the store’s entrance gain strength from their resolve to “Retailers last longer than man- West Side. Danny’s great-grandfa- ly on long-ago decisions and tactics to reduce crowding, and they uphold—and build upon—the ufacturers,” he explains, “because ther founded the business as a no- to keep their businesses going. stopped requiring customers to legacy of their kinfolk. it’s easier for retailers to reinvent tions store, slowly shifting into lin- Some are taking their firms in di- check bags before entering. “In family businesses, there’s a themselves by changing their prod- gerie in the 1920s. rections the founders could not But there’s at least one thing real appreciation of having their uct mix—easier than if you have a But it was his grandmother’s have imagined. that Mr. Bass refuses to change: name on the front door, and an ab- foundry making buggy whips.” no-nonsense personality and retail The Strand Bookstore in the almost compulsive book- solute commitment to succeed,” Woven into the fabric of these instincts that provided Town Shop Greenwich Village was started 82 buying strategy that Benjamin says John Messervey, president of venerable firms are stories passed with a strong foundation. Among years ago by Benjamin Bass. Son Bass long prescribed. the National Family Business down through the generations. Of- Selma Koch’s foolproof tricks that Fred Bass, 81, today owns a mas- “My father used to say,‘You Council, a Lake Forest, Ill.-based ten, they demonstrate the role that the junior Mr. Koch still uses is to sively expanded book-selling oper- Continued on Page 18

STRAND BOOKSTORE 1927 Benjamin Bass opens book shop on Fourth Avenue 1946 Fred Bass starts part-time while in high school 1958 Store loses lease after landlord dies; Strand moves to its current location, leasing 3,000 square feet at Broadway and 12th Street 1973-79 Strand expands to multiple floors, growing total space to 21,000 square feet 1987 Fred’s daughter, Nancy, joins the business 1997 Family buys building PAGE CHURNERS: for $8.2 million; landlord At Strand Bookstore, owners Nancy Bass provides financing at 9% Wyden and father Fred 1999 Strand begins selling Bass sell more than books on the Internet 6,100 books a day. 2006 Major remodeling 2008 Closes smaller second store after landlord hikes rent

September 14, 2009 | Crain’s New York Business | 17 20090914-NEWS--0018-NAT-CCI-CN_-- 9/10/2009 6:50 PM Page 1

BIANCARDI MEATS 1930 Antonio and Anna Biancardi open a meat store in the South Bronx 1953 Their son Anthony joins the business 1960s Biancardi purchases its first truck to pick up meat from the wholesale market 1983 Anthony’s son Anthony Jr. signs on 1991 Biancardi relocates after family buys a building with a 2,200-square-foot store at 2350 Arthur Ave. 1997 Anthony’s son Sal joins the business

MEAT YOUR MAKER: In good times or bad, people buy meat. Few know that economic truism better than Anthony Biancardi Sr. (center) and sons Sal (left) and Anthony Jr.

Continued from Page 17 customer base. In 2004, they Moscot, president of the enterprise Brands to go national with “The retail sector is an endan- can’t sell a book you don’t have, so launched a hipster eyewear line that his great-grandfather Hyman Bigelow’s branded products. gered species and a lot harder than you’ve got to keep buying,’ ” says called Moscot Originals that’s started with a pushcart. But his grandfather’s instructive it used to be,” says Michael El- Mr. Bass. “But he would turn over worn by celebrities including Ian Ginsberg, 47, has also re- words—“never sell what you eat mendorf, New York state director in his grave if he knew the volume Johnny Depp and Renée Zell- peatedly tweaked his family busi- from”—guided Mr. Ginsberg in of the National Federation of In- we do—and the amount that we weger, and in 2008, the duo over- ness, 171-year-old C.O. Bigelow his dealings with Limited Brands. dependent Business, a small busi- have in storage waiting to be saw a dramatic renovation of their Apothecaries in Greenwich Vil- At the outset, he says, he let the in- ness advocacy organization with processed.” 14th Street store. lage, which his grandfather quiring conglomerate know that 11,000 members in the state. Con- Then there are the Moscot “If you want to be in business William purchased in 1939. “the pharmacy is off the table.” sumers’ discretionary dollars are brothers, Kenny, 39, and Harvey, for the long haul, you have to When big but bland chain Of course, whether they stick to declining, taxes are rising and 48. give people a reason to come in be- drugstores began flooding the city, their grandfounders’ proven strate- competition from big-box stores is Earlier this decade, they trun- sides resting on Ian Ginsberg determined that car- gies or take their firms in new di- growing. cated the name of their century- your laurels,” says rying private-label and imported rections, these august shops could Mr. Ginsberg, for one, remains old family business, Sol Moscot Kenny products, such as toothpaste from falter in today’s troubling business unfazed: “We survived the Civil Opticians, to Moscot, and Italy, was an antidote for the in- environment. Just look at the re- War, Lincoln’s assassination and the they reinvented both the creased competition. And six years cent victims, from Fortunoff to Depression in 1929, and we will company’s image and its ago, he teamed up with Limited Eddie Bauer. survive the current economy.”

MOSCOT THE EYES HAVE IT: 1899 Hyman Kenny Moscot (left) Moscot starts out and Harvey Moscot work hard to keep the with a pushcart family’s eyewear 1915 Rivington Street enterprise up to date. store opens 1925 Hyman’s son Sol joins the family business 1950 Store moves to 118 Orchard St. 1951 Sol’s son Joel joins the business 1986 Joel’s son Harvey comes aboard 1992 Joel’s son Kenny joins his father and brother 1995 14th Street store opens 2004 Hipster eyewear line Moscot Originals is launched 2008 A 14th Street store renovation melds the most marketable old elements with new merchandising

18 | Crain’s New York Business | September 14, 2009 20090914-NEWS--0019,0020-NAT-CCI-CN_-- 9/10/2009 6:50 PM Page 1

REPORT

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Offer valid for new business customers only with a minimum two-year agreement. Includes up to 10 Mbps x 384K of high-speed Internet, minimum one line of Business Class Phone service with free voicemail and the unlimited local and nationwide long distance calling plan (in the United States, Canada and Puerto Rico). If additional lines are purchased, discounted rates will apply to the additional lines for the unlimited local and nationwide long distance calling plan only. Standard installation and construction rates (if applicable) apply. Offer not transferable and may not be combined with any other offer. Excludes applicable taxes and fees. Early termination fee may apply. Business Class Phone does not include back-up power and should there be a power outage, Business Class Phone, including the ability to access 911 services, may not be available. Additional charges apply for taxes, fees, Directory Assistance, Operator Services and calls to International locations. Offer valid for new business customers in Business Class Phone serviceable areas. Actual speeds may vary. Offer may not be available in all areas. Time Warner Cable Business Class reserves the right to discontinue any feature or offer at any time. Subject to change without notice. Contract must be signed by 12/31/09 to take advantage of the offer. Products and services not incorporation available in all areas. Some restrictions apply. ©2009 Time Warner Cable, Inc. All rights reserved. 17485-19321-0809BScrains Ask experts before hitting legal sites with the state online. These small- BY ELAINE POFELDT business-focused hubs can provide help with everything from getting a hen liz bazini federal tax ID number to creating and Karen Hopp corporate annual reports. incorporated PR But to make sure they select the firm Bazini Hopp right type of business entity and the in April, they cre- proper forms to file, entrepreneurs atedW their limited liability corpora- should get advice from both a lawyer $5 million revolving line to a tion through LegalZoom, spending and an accountant before filing,says wholesale coffee roaster $359 to use the site’s package of serv- Karen Kobelski, general manager of ices and another $443 to pay other BizFilings,a site used for 630 incor- expenses, such as a state filing fee. porations in the city in the 12 $8 million credit facility to a Despite their initial research, the months ended in August. meat distributor Manhattan entrepreneurs faced a “It’s a matter of really mapping couple of surprises.While they knew out all of the implications of incor- $4.5 million revolving line to metal they had to publish a “notice of for- porating that may affect your busi- importer and distributor mation,” they didn’t expect the ads ness,” she says. to cost them $1,000.Also,they real- However, many new entrepre- ized that the operating agreement neurs afraid of racking up fees by- $2 million revolving line to a they bought wasn’t tailored to their pass professional advice and incor- law firm unique partnership arrangement. porate on their own. These efforts Finally, they turned to an attor- can backfire if, for instance, they $5 million credit facility to a ney for customized advice. They choose the wrong type of business recycled fiber broker were disappointed to learn that they entity, and later have to pay to dis- might have saved $500 on the ads by solve an LLC and to reincorporate. using a strategy he suggested. The cost of undoing the damage Approved “The process wasn’t as 1, 2, 3 as can easily exceed the $500 to $700 it $7.5 million secured revolving you would think,” says Ms. Hopp, may cost to get a lawyer’s help, says line to IT services company who adds that in the end, the costs Manhattan attorney Nina Kaufman. of incorporation ran about $3,000. “Many of the questions small “I probably would have liked the ad- business owners ask me can be an- vice and counsel up front.” swered in a half hour to an hour,”she What credit crunch? With legions of New Yorkers says. “Some attorneys and account- starting businesses in a tight job ants may be willing to answer those Sterling’s lending, big time. We offer a wide-range of innovative solutions market, many do-it-yourselfers are questions gratis.” designed to improve your bottom line: working capital lines of credit, turning to online sites. LegalZoom, Here are some key questions to asset based financing, factoring, letters of credit, payroll funding and more. one of the largest, saw a 26% jump ask the professionals on your adviso- in incorporations in New York City ry team before incorporating online. Call now to speak to a Sterling Loan Officer: 212.757.1100 during the first half of 2009 versus the same period last year, says co- QUESTION #1 founder Brian Liu. Incorporations Am I incorporating on the site for enterprises in the rest in the right place? of the country rose 10%. Legal Web sites offer business- the no. 1 mistake people make in people a quick way to incorporate using LegalZoom is incorporating www.sterlingnationalbank.com with more hand-holding than they’d in the wrong state, says Mr. Liu, a EST.1929. Member FDIC. get if they filed the forms directly See INCORPORATING on Page 20

September 14, 2009 | Crain’s New York Business | 19 20090914-NEWS--0019,0020-NAT-CCI-CN_-- 9/10/2009 6:51 PM Page 2

REPORT SMALL BUSINESS

agent about $200 annually for an “They are great if you want sim- Incorporating online address in Delaware where she can plicity and flexibility,” he says. October 6, 2009 receive legal notices. But trendy as they are, they may “It’s an extra administrative thing not be the best fit for a fast-growth New York, NY Continued from Page 19 For example, Ms. Kaufman says, an she has to deal with on an annual ba- business. If you plan to eventually Gotham Hall former corporate attorney. Many owner of a local acupuncture and mas- sis,”says Ms.Kaufman,whose client bring in passive investors or take have heard that if they set up in sage therapy business approached is now weighing her future options. your company public, you’ll want to Register Now! Delaware or Nevada, they can avoid her after having incorporated online create a so-called C corporation so Online www.avispl.com/events taxes in their home state. While in Delaware, mistakenly thinking QUESTION #2 that the shares can be sold on a stock there can be tax advantages for busi- she could avoid New York taxes. exchange, says Ms. Kaufman. By Phone What type of corporation Call toll-free (877) 440-6205 nesses that operate in multiple juris- The entrepreneur ultimately had fits my growth plans? Paul King incorporated Her- Monday-Friday, 8am to 5pm EST dictions, there’s no free pass locally. to register the business as a foreign cules Networks as an LLC on an on- “If you operate in New York, entity in New York state and publish in new york city, filings of LLCs line site in April.But his Manhattan you’ll still have to pay New York tax- a notice of incorporation, which on LegalZoom outnumber other company, which makes charging www.avispl.com

Free Event! Free es,” says Mr. Liu. cost her about $2,000 in total,on top types of corporations by 4-to-1,ver- stations for cell phones, grew more Incorporating out of state in error of the $500 in expenses from Dela- sus 3-to-1 for the rest of the nation, quickly than he’d envisioned.When can also add to the fees you have to pay. ware.She also has to pay a registered says Mr. Liu. he and his partner decided to create a board of directors and raise capital from angel investors, they turned to an attorney. “There were things the site couldn’t answer for us,” he says. To meet its new needs, the com- pany used the original LLC as a par- ent company,while the lawyer set up two additional C corporations to house its divisions.

QUESTION #3 What are the tax implications of choosing the type of business entity I’m opting for? although you can easily research the general tax benefits offered by various types of corporations, get- ting advice that addresses your spe- cific situation can save you money in the long run, says Stephen Furnari, who advises many small businesses as managing partner of Furnari Scher in Manhattan. For instance, many people don’t realize that establishing a one-person business as an LLC rather than as an S corporation can increase their tax bills,because of the self-employment taxes involved with LLCs, he says. “If you’re a solo entrepreneur ME. MY FAMILY. making about $100,000 net a year, you could be losing $7,500 to $8,500 in tax savings,” says Mr. Furnari. MY BUSINESS. MY EMPLOYEES. CPA Howard Samuels explains: In an S corp,as a sole proprietor,you have to pay Social Security taxes on your pay,but you have to pay only in- I NEED FINANCIAL SOLUTIONS come taxes on any profits you take from the company. But there are trade-offs.Accoun- THAT PROTECT US ALL. tants charge more to handle account- ing and tax returns for S corps than for LLCs. Also, Mr. Samuels says, “In New York City,as an S corp,your profit is subject to an 8.85% tax.”

QUESTION #4 Do I know how to maintain my At Guardian, we understand your small business needs. Your Guardian liability protection? representative works right alongside you to help you make the right financial decisions. Our wide range of financial and employee benefit many people don’t realize that solutions helps you attract and keep key talent, protect your income, when they set up a corporation on- and ensure a secure retirement for you and your employees. Our line,they have to take steps to main- fi nancial stability cultivated over 149 years, prudent risk management, tain its liability protection after- ward, says Ms. Kaufman. If you fail and reputation for doing the right thing mean we’ll be there for you to keep a corporation in good stand- now and in the future. To get the right solutions for your business ing by operating a separate bank ac- needs, visit us at www.GuardianLife.com. count for it, paying taxes on time and other necessary steps,your busi- ness may not be considered legiti- L I F E I N S U R A N C E D I S A B I L I T Y I N C O M E I N S U R A N C E L O N G T E R M C A R E I N S U R A N C E I N V E S T M E N T S R E T I R E M E N T E M P L O Y E E B E N E F I T S mate for legal purposes. ©2009. Disability income products and Long Term Care Insurance underwritten and issued by Berkshire Life Insurance Company of America, Pittsfi eld, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America “There’s nothing to prevent (Guardian), New York, NY. Products not available in all states. Product provisions and features may vary from state to state. someone from suing you personal- Investments are offered through Park Avenue Securities LLC (PAS), 7 Hanover Square, New York, NY 10004. PAS is an indirect wholly owned subsidiary of The Guardian Life Insurance Company of America, New York, NY. PAS is a member FINRA, SIPC. ly,” Ms. Kaufman says. Fi n a n c i a l i n f o r m a t i o n c o n c e r n i n g T he G u a r d i a n L i f e I n s u r a n c e C o m p a n y o f A m e r i c a a s o f 12 / 31 / 07 o n a s t a t u t o r y b a s i s : A d mssets i t t e d= A $28.3 Billion; Liabilities = $24.6 Billion (including $20.8 Billion of Reserves); and Surplus = $3.7 Billion. Don’t think you can keep it all straight? A site like BizFilings,which offers e-mail reminders of filing and tax deadlines, may be a good fit.

20 | Crain’s New York Business | September 14, 2009 Project3 9/3/09 3:20 PM Page 1

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Patricia E. Harris, First Deputy Mayor, New York City

The financial crisis and severe economic downturn in New York have presented unprecedented challenges for the city’s performing arts DATE AND TIME organizations with declines in both attendance and fundraising. This September 30, 2009 conference, part of the Crain’s Future of New York City series, examines 8:30am — 12:30pm what is happening, how arts organizations are coping with the economic LOCATION squeeze and how they are planning to survive and thrive in the future. Columbia University campus Be a part of the solution. centered on Miller Hall, Broadway and 116th Street MORNING KEYNOTE: Patricia E. Harris, First Deputy Mayor, New York City

BREAKOUT SESSIONS COST TO ATTEND $59 if pre-registered by Sep 21; The Major Institutions: How Size Matters $69 thereafter. Peter Gelb, General Manager, Metropolitan Opera Please note: this event features Sharon Gersten Luckman, Executive Director, Alvin Ailey Dance Foundation Zarin Mehta, President and Executive Director, New York Philharmonic auditorium seating George Steele, General Manager, New York City Opera TO PURCHASE TICKETS The Theater Business: Tale of Two Cities? www.crainsnewyork.com/FutureArts Ken Davenport, Producer, Davenport Theatrical Co. Todd Haimes, Artistic Director, Roundabout Theatre Co. Nina Lannan, Chairman of the League of Broadway Theaters Scott Morfee, Producer, Barrow Street Theatre Beyond The Biggest: Operating with Limited Resources Patricia Cruz, Executive Director, Harlem Stage/Aaron Davis Hall Graham Parker, Executive Director, Orpheus Chamber Orchestra Rosalba Rolon, Artistic Director, Pregones Theater Linda Shelton, Executive Director, Joyce Theater

CLOSING SESSION Where the Money Is: The Outlook for Fundraising Kate Levin, Commissioner, Department of Cultural Affairs Presented by Robert Marx, Vice President, Fan Fox and Leslie R Samuels Foundation J.P. Morgan Chase Foundation representative Time Warner representative

For more information or to purchase tickets, go to www.crainsnewyork.com/FutureArts nb37p32-34cls.qxp 9/10/09 1:57 PM Page 32

REAL ESTATE PUBLIC & LEGAL NOTICES

Notice of Qualification of TRIMARAN Notice of Qualification of Axiodyn NOTICE OF FORMATION OF LIMITED Notice of Qualification of OFFICE SPACE CREDIT MANAGERS BDC LP. Capital Partners LLC, App. for Auth. LIABILITY COMPANY. NAME: SOKOBE FilmNewsBriefs LLC. Authority filed Authority filed with Secy. of State of filed Sec’y of State (SSNY) 5/20/09. LLC. Articles of Organization were filed with Secy. of State of NY (SSNY) on Off Wall on Pearl St - 4000 sq ft NY (SSNY) on 07/30/09. Office loca- Office location: NY County. LLC org. with the Secretary of State of New York 08/24/09. Office location: NY County. Skylight, Confer. rm. 2 offices. Lrg open tion: NY County. LLC formed in in DE 12/9/08. SSNY designated as (SSNY) on 07/16/09. Office location: LLC formed in Delaware (DE) on space. Direct Con Ed meter. Mint Cond. Delaware (DE) on 06/02/09. Princ. agent of LLC upon whom process New York County. SSNY has been 08/18/09. Princ. office of LLC: 101 office of LLC: 1325 Ave. of the against it may be served. SSNY shall designated as agent of the LLC upon Warren St., #1430, NY, NY 10007. $8500/mo. 917-804-8442, 917-548-9997 Americas, 34th Fl., NY, NY 10019. mail copy of process to Attn: Anthony whom process against it may be served. SSNY designated as agent of LLC SSNY designated as agent of LLC Birbilis, One North End Ave., Ste. 1117, SSNY shall mail a copy of process to the upon whom process against it may upon whom process against it may NY, NY 10282. DE office addr.: c/o LLC, 555 Madison Avenue, 33rd Floor, be served. SSNY shall mail process be served. SSNY shall mail process CSC, 2711 Centerville Rd., Wilmington, New York, New York 10022. Purpose: to Jessica Kantor at the princ. office PUBLIC & to the Partnership at the princ. office DE 19808. Cert. of Form. on file: For any lawful purpose. of the LLC. DE addr. of LLC: 2711 of the LLC. DE addr. of LLC: 2711 SSDE, Townsend Bldg., Dover, DE Centerville Rd., Ste. 400, Wilmington, LEGAL NOTICES Centerville Rd., Ste. 400, Wilmington, 19901. Purpose: any lawful activities. I-GENESIS, LLC, a domestic Limited DE 19808. Arts. of Org. filed with DE DE 19808. Arts. of Org. filed with Liability Company (LLC) filed with Secy. of State, Div. of Corps., John G. Secy. of State of the State of DE, Div. Townsend Bldg., 401 Federal St., Notice of Qualification of HMX Notice of Qualification of Soho the Sec of State of NY on 6/9/09. NY of Corps., John G. Townsend Bldg., Ste. 4, Dover, DE 19901. Purpose: OPERATING CO., LLC. Authority filed Properties General Partner, LLC. Office location: New York County. 401 Federal St., Dover, DE 19901. Any lawful activity. with Secy. of State of NY (SSNY) on Authority filed with Secy. of State of SSNY is designated as agent upon Purpose: Any lawful activity. 07/13/09. Office location: NY County. NY (SSNY) on 7/8/09. Office location: whom process against the LLC may LLC formed in Delaware (DE) on NY County. LLC formed in Delaware be served. SSNY shall mail a copy BMBA, LLC, a domestic Limited 06/16/09. Princ. office of LLC: 750 Notice of Qualification of M.D. SASS (DE) on 7/7/09. SSNY designated as of any process against the LLC Liability Company (LLC) filed with the Seventh Ave., NY, NY 10019. SSNY FINSTRAT AMERRA CAPITAL agent of LLC upon whom process served upon him/her to The LLC, Sec of State of NY on 5/22/09. NY designated as agent of LLC upon HOLDINGS, LLC. Authority filed with against it may be served. SSNY shall 121 E. 24th St., 12th Fl., NY, NY Office location: New York County. whom process against it may be Secy. of State of NY (SSNY) on mail process to princ. bus. loc.: c/o 10010. General purposes SSNY is designated as agent upon served. SSNY shall mail process to 08/21/09. Office location: NY County. The LLC, 552 Broadway, Ste. 6N, NY, whom process against the LLC may c/o Corporation Service Co., 80 State LLC formed in Delaware (DE) on NY 10012. DE address of LLC: c/o Notice of Formation of ONE WORLD be served. SSNY shall mail a copy St., Albany, NY 12207-2543. DE addr. 01/28/09. SSNY designated as agent United Corporate Services, Inc., 874 LLC, a domestic LLC. Arts. of Org. of any process against the LLC of LLC: 2711 Centerville Rd., Ste. of LLC upon whom process against it Walker Road, Ste. C, Dover, DE filed with the SSNY on 06/23/2009. served upon him/her to Larry Taube, 400, Wilmington, DE 19808. Arts. of may be served. SSNY shall mail 19904. Arts. of Org. filed with DE Secy. Office location: NY County. SSNY has 340 E. 64th St., #9G, NY, NY 11065 Org. filed with DE Secy. of State, process to c/o Corporation Service of State, Townsend Bldg., Dover, DE been designated as agent upon General purposes Div. of Corps., 401 Federal St., Ste. Co., 80 State St., Albany, NY 12207. 19901. Purpose: any lawful activity. whom process against the LLC may 400, Dover, DE 19901. Purpose: DE addr. of LLC: 2711 Centerville be served. SSNY shall mail a copy of Notice of Formation of Renton NOTICE OF FORMATION OF WIND- Any lawful activity. Rd., Ste. 400, Wilmington, DE 19808. process to: Howard Luks, PO Box Productions LLC. Articles of UP LLC. Article of Organization filed Arts. of Org. filed with Secy. of State, 226, Mt. Freedom, NJ 07970. Organization filed with Secy. of State with the Secretary of State of NY 401 Federal St., Dover, DE 19901. Purpose: Any Lawful Purpose. of NY (SSNY) on 7/20/09. Office NOTICE OF FORMATION OF (SSNY) on 07/20/2009. Office loca- Purpose: Any lawful activity. location: NY County. SSNY designat- DoubleDateMaker LLC. Arts. of Org. tion New York County. SSNY has Notice of Formation of OURI ed as agent of LLC on whom process filed with Secy. of State of N.Y. been designated as agent upon Notice of Qualification of Oca Art & SPORTS KOSHER CATERING LLC. against it may by served. SSNY shall (SSNY) on 07/02/09. Office location: whom process against it may be Design LLC. Authority filed with Secy. Arts. of Org. filed with Secy. of State mail process to the LLC, 740 West New York County. SSNY designated served. The Post Office address to of State of NY (SSNY) on 8/7/09. of NY (SSNY) on 4/28/09. Office End Ave., #82A, New York, NY as agent of LLC upon whom process which the SSNY shall mail a copy of Office location: NY County. LLC location: NY County. SSNY designat- 10025. Registered agent of LLC on against it may be served. SSNY shall any process against the LLC served formed in Delaware (DE) on 8/7/07. ed as agent of LLC upon whom whom process against it may be mail process to: 250 West 103rd upon him/her is C/O the LLC 448 W SSNY designated as agent of LLC process against it may be served. served: Stephen Kaiser, 740 West Street, 9F, New York, NY 10025. 37th St, 10C, New York, NY 10018. upon whom process against it may SSNY shall mail process to: The LLC, End Ave., #82A, New York, NY Purpose: any lawful activity. Purpose of LLC: to engage in any be served. SSNY shall mail process 100 W. 33rd St., Ste. 911, NY, NY 10025. Purpose: any lawful activity. to princ. bus. loc.: c/o Tigris Financial lawful act or activity. Street address of 10001. Purpose: any lawful activity. Notice of Formation of STEVENSON Group Ltd., 1370 Ave. of the Principal Business location is: 448 W ADVISORS, LLC. Arts. of Org. filed Americas, 19th Fl., NY, NY 10019. 37th St, 10C, New York, NY 10018 BALLYMENA ADVISORS LLC, a for- with Secy. of State of NY (SSNY) on DE address of LLC: United Corporate Notice of Formation of HERNAN eign Limited Liability Company (LLC) 09/03/09. Office location: NY County. Services, Inc., 874 Walker Rd., Ste. Notice of Qualification of The Alchemy LANDER LLC. Arts. of Org. filed with filed with the Sec of State of NY Princ. office of LLC: 212 W. 91st St., C, Dover, DE 19904. Arts. of Org. Music Company, LLC. Authority filed Secy. of State of NY (SSNY) on (SSNY) on 6/25/09. NY office Apt. 716, NY, NY 10024. SSNY des- filed with DE Secy. of State, with Secy. of State of NY (SSNY) on 08/04/09. Office location: NY County. Location: New York County. SSNY is ignated as agent of LLC upon whom Townsend Bldg., Dover, DE 19901. 7/28/09. Office location: NY County. SSNY designated as agent of LLC designated as agent upon whom process against it may be served. Purpose: any lawful activity. LLC formed in Delaware (DE) on upon whom process against it may process against the LLC may be SSNY shall mail process to the LLC, 8/22/07. SSNY designated as agent be served. SSNY shall mail process served. SSNY shall mail a copy of 888 Seventh Ave., 35th Fl., NY, NY NOTICE OF FORMATION OF E-CLOUD of LLC upon whom process against it to Hernan Andres Garcia Antigua, any process against the LLC served 10106. Purpose: Any lawful activity. SERVICES, LLC. Arts. of Org filed may be served. SSNY shall mail 3339 Hull Ave., Apt. 6B, Bronx, NY upon him/her to c/o Atlantic (USA), with Secy. of State of N.Y. (SSNY) on process to: Attn: Steve Smith, 2858 10467. Purpose: Any lawful activity. Inc., 17 State St., 23rd Fl., NY, NY 10004-1501. General purposes. R & D 1670 LLC, a domestic Limited June 30, 2009. Office location: New Ladbrook Way, Thousand Oaks, CA Liability Company (LLC) filed with the York County. SSNY designated as 91361. Address to be maintained in NOTICE OF FORMATION of Terra Sec of State of NY on 6/19/09. NY agent of LLC upon whom process DE: Parasec Incorporated, 40 E. Productions LLC. Arts. Of Org. filed Notice of Formation of NEW YORK Office location: New York County. against it may be served. SSNY shall Division St., Ste. A, Dover, DE 19901. with Secy. of State of N.Y. (SSNY) on COSMOS LLC. Arts. of Org. filed with SSNY is designated as agent upon mail process to: 286 Madison Avenue, filed with DE Secy. Of State, 401 12/10/08. Office location: New York Secy. of State of NY (SSNY) on whom process against the LLC may Suite 1100 New York, NY 10017. Federal St., Ste 4., Dover, DE 19901. County. SSNY designated as agent of 08/18/09. Office location: NY County. be served. SSNY shall mail a copy Purpose: any lawful activity. Purpose: any lawful activities. LLC upon whom process against it Princ. office of LLC: 75 Greene St., of any process against the LLC 1287174 w.o. may be served. SSNY shall mail 2nd Fl., NY, NY 10018. SSNY desig- served upon him/her to Maidman & NOTICE OF FORMATION of Sub process to principal business location: nated as agent of LLC upon whom Mittelman, LLP, 70 E. 55th St., NY, NOTICE OF FORMATION OF IN TUNE Holding, LLC. Arts. Of Org. filed with 308 East 72nd Street, Ste 15B, NY, NY process against it may be served. NY 10022. General purposes. PRODUCTIONS, LLC. Arts. of Org. Secy. Of State of N.Y. (SSNY) on 10021. Purpose: Any lawful activity. SSNY shall mail process to c/o filed with Secy. of State of N.Y. (SSNY) 5/28/09. Office location: New York Cantor & Webb P.A., 1001 Brickell Notice of Formation of Limited Liability on 06/02/09. Office location: NY County. SSNY designated as agent of Notice of Formation of SEVENTH Bay Dr., #3112, Miami, FL 33131. Company (LLC). Name: MUNMUN County. SSNY designated as agent LLC upon whom process against it AVENUE ELECTRONICS LLC. Arts. Purpose: Any lawful activity. REALTY, LLC. Articles of Organization of LLC upon whom process against it may be served. SSNY shall mail of Org. filed with Secy. of State of filed by the Department of State of may be served. SSNY shall mail process to: 140 Riverside Drive, Suite N.Y. (SSNY) on 7/16/09. Office loca- Notice of Qualification of NMS Security New York on 4/30/2009. Office loca- process to: 79 HAVEN AVE., STE 31, 17E, NY, NY 10024. Principal business tion: New York County. SSNY desig- Services LLC. Authority filed with NY tion: county of New York. Purpose: any NY, NY 10032. Purpose: any lawful location: 281 St. Nicholas Ave., NY, NY nated as agent of LLC upon whom Dept. of State on 7/30/09. Office loca- and all lawful activities. Secretary of activity. 10027. Purpose: Any lawful activity. process against it may be served. tion: NY County. LLC formed in AK on State of New York (SSNY) designated 1285528 w.o. SSNY shall mail process to: The LLC, 12/5/07. NY Sec. of State designated as agent of LLC upon whom process NOTICE OF QUALIFICATION OF 841 Seventh Avenue, New York, NY as agent of LLC upon whom process against it may be served. SSNY shall NOTICE OF QUALIFICATION OF Medialation LLC Application for Authority 10019. Purpose: any lawful activity. against it may be served and shall mail copy of process to: 53 West 21st Chimera Asset Holding LLC. filed with the Secretary of State of New mail process to: c/o CT Corporation Street, 3rd Floor New York, NY 10010. Authority filed with Secy. of State of York (SSNY) on 6/17/2009. LLC formed NOTICE OF FORMATION OF System, 111 8th Ave., NY, NY 10011, NY (SSNY) on 08/11/09. Office loca- in Georgia on 4/29/2009 NY office Blossom Preserved Flowers LLC. regd. agt. upon whom process may be Notice of Authority is hereby given tion: NY County. LLC formed in location: New York County. SSNY has Article of Organization filed with the served. AK and principal business pursuant to Section 206 of the Delaware (DE) on 06/08/09. Princ. been designated as agent of the LLC Secretary of State of NY (SSNY) on addr.: 5600 B St., Anchorage, AK Limited Liability Company Law of New office of LLC: 1211 Avenue of the upon whom process against it may be May 14, 2009. Office location NEW 99518. Arts. of Org. filed with AK York, of LeadDog Capital Equities, Americas, Ste. 2902, NY, NY 10036. served. The P.O. address to which the YORK County. SSNY has been des- Commissioner of Commerce, POB LLC, a limited liability company, SSNY designated as agent of LLC SSNY shall mail a copy of any process ignated as agent upon whom 110806, Juneau, AK 99811. Purpose: formed in the state of New York on upon whom process against it may against the LLC served upon him/her process against it may be served. any lawful activity. December 29, 2008. The principal be served. SSNY shall mail process is C/O the LLC, 124 W 109th St, Apt The Post Office address to which office in New York County is 120 Wall to the LLC at the princ. office of the 1A, New York, NY 10025. The Principal the SSNY shall mail a copy of any 214 East 45th LLC. Arts of Org filed Street, 24th Floor, New York, NY LLC. DE addr. of LLC: c/o Corporation Business Address of the LLC is 4437 process against the LLC served with NY Sec of State (SSNY) on 10005. The New York Secretary of Service Co., 2711 Centerville Rd., Ste. Dunmore Rd, Marietta, GA 30068. A upon him/her is C/O the LLC 101W, 12/31/08. Office: New York County. State has been designated as its 400, Wilmington, New Castle Cnty., copy of the Certificate of Organization is 85th St, #3-5. New York, NY 10024. SSNY designated as agent of LLC agent for service of process and a DE 19808. Arts. of Org. filed with filed with Georgia Secretary of State at Date of Dissolution: Purpose of LLC: upon whom process may be served. copy of such process is to be sent to Secy. of State of the State of DE, Div. Corporations Division, 315 West Tower, to engage in any lawful act or activi- SSNY shall mail copy of process to: 49 Locust Avenue, Suite 107, New of Corps., John G. Townsend Bldg., #2 Martin Luther King, Jr. Dr., Atlanta, ty. Street address of Principal c/o Smith & Shapiro, 116 East 27th Canaan, CT 06840. The nature of the 401 Federal St.-Ste. 4, Dover, DE GA 30334-1530. Purpose of LLC: to Business location is: 101W, 85th St, Street, New York, NY 10016. business is administrative services. 19901. Purpose: Any lawful activity. engage in any lawful act or activity. #3-5. New York, NY 10024. Purpose: Any lawful activity.

32 | Crain’s New York Business | September 14, 2009 nb37p32-34cls.qxp 9/10/09 1:57 PM Page 33

PUBLIC & LEGAL NOTICES

Notice of Qualification of South Notice of Formation of GS COES Notice of Qualification of Rivermist NOTICE OF FORMATION of LuxurUP, Notice of Qualification of Metalskin Winston LLC. Authority filed with NY (MGB I), LLC. Arts. of Org. filed with Shipping Company Limited, App. for LLC. Article of Organization filed with LLC. Authority filed with Secy. of Dept. of State on 3/13/09. Office loca- Secy. of State of NY (SSNY) on Auth. filed Sec’y of State (SSNY) the Secretary of State of NY (SSNY) State of NY (SSNY) on 7/17/09. tion: NY County. LLC formed in DE 07/02/09. Office location: NY County. 6/19/09. Office loc.: NY County. LLC on 05/07/09. Office location: NY Office location: NY County. LLC on 2/26/09. NY Sec. of State desig- Princ. office of LLC: One Penn Plaza, org. in Gibraltar 7/3/08. SSNY desig- County. SSNY has been designated formed in Delaware (DE) on 7/9/09. nated as agent of LLC upon whom Ste. 1612, NY, NY 10119. SSNY des- nated as agent of LLC upon whom as agent upon whom process against SSNY designated as agent of LLC process against it may be served and ignated as agent of LLC upon whom process against it may be served. it may be served. The Post Office upon whom process against it may shall mail process to the principal process against it may be served. SSNY shall mail copy of proc. to c/o address to which the SSNY shall be served. SSNY shall mail process business addr.: 116 W. 23rd St., 5th Fl., SSNY shall mail process to Robert CTC, 111 8th Ave., NY, NY 10011, mail a copy of any process against to: c/o Capitol Services, Inc., 1218 NY, NY 10011. DE addr. of LLC: 615 Brantl, Esq., 52 Mulligan Ln., Reg. Agt. upon whom proc. may be the LLC served upon him is C/O Central Ave., Ste. 100, Albany, NY S. DuPont Hwy., Dover, DE 19901. Irvington, NY 10533. Purpose: Any served. Gibraltar office addr.: Helen LuxurUP LLC, Room 16D, 7 W. 45th 12205. DE address of LLC: 615 S. Arts. of Org. filed with DE Sec. of lawful activity. Bonavia, 10 Blackwood Tower, St. N.Y., N.Y., 10036. Purpose of DuPont Hwy., Dover, DE 19901. Arts. State, P.O. Box 898, Dover, DE Brympton, S. Barrack Rd., Gibraltar. LLC: to engage in any lawful act or of Org. filed with DE Secy. of State, 19903. Purpose: any lawful activity. Notice of Formation of Douglas Art. of Org. on file: Registrar of activity. Street address of Principal 401 Federal St., Dover, DE 19901. Elliman Referral, LLC. Application for Companies, Companies House Business location is: Rm 16D, 7 W. Purpose: any lawful act or activity. Name of LLC: MARTE, LLC. Articles Authority filed with Secy. of State of NY Gibraltar, 1st Fl., The Arcade, 30-38 45th St. N.Y., N.Y., 10036 of Org. filed Dept. of State of NY on (SSNY) on 07/08/09. Office location: Main St., Gibraltar. Purpose: any law- Name: VAD MEDICAL ASSOCIATES, ful activities. 6/19/09. Office location in NY: New NY County; orig. jurisdiction: Delaware. Notice of Formation of 12 East 78th PLLC Art. Of Org. Filed Sec Of State York Cty. Principal bus. loc.: c/o SSNY designated as agent of LLC Street, LLC, Art. of Org. filed Sec’y of of NY 08/04/09. Off. Loc.: New York Richard P. Altieri, Altieri & Esposito, upon whom process against it may PILATES MULTI-TONER LLC Articles State (SSNY) 7/23/09. Office location: Co. SSNY designated as agent upon LLC, 420 Fifth Ave., 26th Fl., NY, NY be served. SSNY shall mail process of Org. filed NY Sec. of State (SSNY) NY County. SSNY designated as agent whom process against it may be 10018. Secy. of State designated as to the LLC, 474 Madison Avenue, 6/26/09. Office in NY Co. SSNY desig. of LLC upon whom process against it served. SSNY to mail copy of agent of LLC upon whom process Suite 406, New York, NY 10022. agent of LLC upon whom process may be served. SSNY shall mail copy process to THE LLC, C/O Garfunkel against it may be served. Sec. of Purpose: any lawful act or activity. may be served. SSNY shall mail copy of process to c/o Van De Weghe Fine Wild & Travis, 111 Great Neck Road, State shall mail a copy of process to: of process to c/o R. Anthony Goldman, Art, 1018 Madison Ave., NY, NY Great Neck, NY 11021. Purpose: Any National Corporate Research, Ltd., 10 Notice of Formation of RI Catalogue Goldman Properties, 119 Greene St., 10075. Purpose: any lawful activities. lawful act or activity. East 40th Street, 10th Fl., New York, NY Raisonne LLC. Arts. of Org. filed with NY, NY 10012. Purpose: Any lawful 10016. Purpose: any lawful activity. NY Dept. of State on 7/8/09. Office purpose. Notice of Formation of Lansing Part- 182 Mulberry LLC. Arts of Org filed location: NY County. Princ. bus. addr.: ners LLC. Articles of Organization with NY Sec of State (SSNY) on Notice of Formation of Worldwide 45 E. 80th St., NY, NY 10021. Sec. of Notice of Formation of 35 W. 124TH filed with Secretary of State of NY 07/15/09. Office: New York County. Plaza Dental, PLLC, a professional State designated as agent of LLC STREET LLC. Arts. of Org. filed with (SSNY) on 12/17/2008. NY Office SSNY designated as agent of LLC service limited liability company upon whom process against it may be Secy. of State of N.Y. (SSNY) on June Location: New York County. SSNY upon whom process may be served. (PLLC). Arts. of Org. filed with Secy. served and shall mail process to: 5, 2009. Office location: New York designated as agent of LLC upon SSNY shall mail copy of process of State of NY (SSNY) on 2/25/2005. Cohen Tauber Spievack & Wagner P.C., County. SSNY designated as agent whom process against it may be to: 185 Canal Street, New York, NY Office location: NY County. SSNY 420 Lexington Ave., Ste. 2400, NY, NY of LLC upon whom process against served. SSNY shall mail process to 10013. Purpose: Any lawful activity. designated as agent of PLLC upon 10170. Purpose: any lawful activity. it may be served. SSNY shall mail 405 West 23rd Street, Unit 11BC, whom process against it may be process to: The LLC, 304 Hudson New York, NY 10011. Purpose: served. SSNY shall mail process to: Street, 3rd Floor, New York, NY Notice of Formation of 501 1/2 East NOTICE OF FORMATION of Voltaire Real Estate. c/o Business Filings Inc., 187 Wolf Legal Management Consulting, LLC. 10013. Purpose: any lawful activity. 83 Street LLC. Arts. of Org. filed with Road, Ste. 101, Albany, NY 12205, Arts. of Org. filed with the Secy of NY Dept. of State on 7/9/09. Office which is also the registered agent State of NY (SSNY) on 12/17/08. Notice of Formation of BEARCITY Name: HANIA BY ANYA COLE L.L.C. location: NY County. Sec. of State upon whom process may be served. Office location: NY County. SSNY has LIMITS, LLC. Arts. of Org. filed Art. Of Org. Filed Sec. Of State of NY designated as agent of LLC upon Term: until 12/31/2045. Purpose: been designated as agent upon whom with Secy. of State of N.Y. (SSNY) 07/07/09. Off. Loc.: New York Co. whom process against it may be practice the profession of dentistry. process against it may be served. on 8/4/08. Office location: New SSNY designated as agent upon served and shall mail process to: SSNY shall mail process to principal York County. SSNY designated as whom process against it may be Mystic Brokerage Inc., 330 McGuinness Blvd., Brooklyn, NY WATER TALK LLC Articles of Org. business: 509 E. 78th St., #4G, NY, agent of LLC upon whom process served. SSNY to mail copy of process 11222. Purpose: any lawful activity. filed NY Sec. of State (SSNY) NY 10075. Purpose: Consulting. against it may be served. SSNY to THE LLC, C/O Anya Cole 425 E. 7/20/09 as WATERTALK LLC. Office shall mail process to: The LLC, 630 58th Street, Suite 19C, New York, NY in NY Co. SSNY desig. agent of LLC NOTICE OF FORMATION of 9th Avenue, #208, New York, NY 10002. Purpose: Any lawful act or Notice of Formation of LMJ 2, LLC. upon whom process may be served. (parenthetical) productions llc. Arts 10036. Purpose: any lawful activity. activity. Arts. of Org. filed with Secy. of SSNY shall mail copy of process to of Org. filed with Sec. of State of NY State of NY (SSNY) on 07/23/09. 95 Christopher St., Apt. 11M, NY, NY (SSNY) on 6/18/2009. Office Location: LAW OFFICE OF JOHN GLEACHER, Notice of Qualification of Physician Office location: NY County. SSNY 10014. Purpose: Any lawful purpose. New York County. SSNY designated PLLC, a domestic Professional Limited Reliance, LLC. Authority filed with designated as agent of LLC upon as agent of LLC upon whom process Liability Company (PLLC) filed with NY Dept. of State on 7/15/09. Office whom process against it may be NOTICE OF FORMATION of HWM against it may be served. SSNY shall the Sec of State of NY (SSNY) on location: NY County. Princ. bus. served. SSNY shall mail process Capital Management LLC. Arts. Of mail process to principal business 4/17/09. NY office Location: New addr.: 10101 Woodloch Forest, The to Jay Seeman, Esq., c/o Morrison Org. filed with Secy. Of State of N.Y. location: P.O. Box 1448. NY, NY York County. SSNY is designated as Woodlands, TX 77380. LLC formed Cohen LLP, 909 Third Ave., NY, NY (SSNY) on 6/16/09. Office location: 10159. Purpose: Any lawful activity. agent upon whom process against in DE on 6/13/07. NY Sec. of State 10022. Purpose: Any lawful activity New York County. SSNY designated the PLLC may be served. SSNY shall designated as agent of LLC upon as agent of LLC upon whom process Notice of Qualification of Spring Hill mail a copy of any process against whom process against it may be Notice of Formation of de.Sign Studio against it may be served. SSNY shall Investment Advisors, LLC. Authority the PLLC served upon him/her to served and shall mail process to: c/o LLC. Articles of Organization filed mail process to principal business filed with NY Dept. of State on John Gleacher, 136 E. 76th St., CT Corporation System, 111 8th Ave., with Secy. of State of NY (SSNY) on location: 524 East 72nd St., Suite 7/17/09. Office location: NY County. #11A, NY, NY 10021. Purpose: Law NY, NY 10011, regd. agt. upon whom 08/05/09. Office location: NY County. 23B, NY, NY 10021. Purpose: Any LLC formed in DE on 5/21/09. NY process may be served. DE addr. of SSNY designated as agent of LLC lawful activity. Sec. of State designated as agent of NOTICE OF FORMATION OF Erely LLC: c/o The Corporation Trust Co., upon whom process against it may LLC upon whom process against it Zambrano, LLC. Article of 1209 Orange St., Wilmington, DE be served. SSNY shall mail process Notice of Formation of Advanced may be served and shall mail Organization filed with the State of NY 19801. Arts. of Org. filed with DE Sec. to the LLC, 234 West 20th St., Suite Storage Consulting of New York, process to the principal business (SSNY) on 07/02/2009. Office location: of State, 401 Federal St., Dover, DE 4B, New York, NY 10011. Purpose: L.L.C. Articles of Organization filed addr.: 30 Rockefeller Plz., 41st Fl., New York County. SSNY has been 19901. Purpose: all lawful purposes any lawful act or activity. with Secy. of State of NY (SSNY) on NY, NY 10112, Attn: Patrick Quinn, designated as agent upon whom 07/08/09. Office location: NY County. regd. agt. upon whom process may process against it may be served. The NOTICE OF FORMATION OF Lil Cin, NOTICE OF FORMATION of Engle SSNY designated as agent of LLC be served. DE addr. of LLC: c/o The Post Office address to which the SSNY LLC. Arts. of Org. filed with Secy. of LLC, Arts of Org. Filed with Secy. of upon whom process against it may Corporation Trust Co., 1209 Orange shall mail a copy of any process State of N.Y. (SSNY) on 07/29/09. State of N.Y. (SSNY) on 6/11/09. be served. SSNY shall mail process St., Wilmington, DE 19801. Arts. of against the LLC served upon him is Office location: New York County. Office location: New York County: to the LLC, c/o Robinson Brog Org. filed with DE Sec. of State, 401 C/O the LLC P.O. Box 1811, NY, NY, SSNY designated as agent of LLC SSNY designated as agent of LLC Leinwand Greene Genovese & Gluck Federal St., Dover, DE 19901. 10156. Purpose of LLC: to engage in upon whom process against it may be upon whom process against it may PC, 1345 Ave of the Americas, 31st Purpose: any lawful activity. any lawful act or activity. Street served. SSNY shall mail process to: be served. SSNY shall mail process Fl., New York, NY 10105. Purpose: address of Principal Business location InCorp Services Inc.: 99 Washington to principle location: 15 East 26th St., any lawful act or activity. NOTICE OF QUALIFICATION OF is: P.O. Box 1811, NY, NY, 10156. Ave Ste 805-A Albany, NY 12210- Suite 9F, NY, NY 10010. Purpose: Investors of America, Limited Partnership 2822. Purpose: any lawful activity. Any lawful activity. Notice of Qualification of AG TALF Application for Authority filed with the Notice of Qualification of JENNIFER GP LLC. Authority filed with Secy. of Secretary of State of New York (SSNY) CREEL, LLC. Authority filed with Notice of Qualification of MO INDUS- Notice of Qualification of LIQUID State of NY (SSNY) on 06/29/09. on 6/22/09. N.Y. Office Location: New Secy. of State of NY (SSNY) on TRIES, LLC. Authority filed with Secy. CAPITAL SECURITIES, LLC. Office location: NY County. LLC York County. The limited partnership 07/14/09. Office location: NY County. of State of NY (SSNY) on 07/31/09. Authority filed with Secy. of State of formed in Delaware (DE) on was formed in Nevada on 6/18/1996. LLC formed in Delaware (DE) on Office location: NY County. LLC NY (SSNY) on 08/07/09. Office loca- 05/22/09. Princ. office of LLC: c/o SSNY has been designated as agent of 07/06/09. Princ. office of LLC: 155 E. formed in Delaware (DE) on 05/01/06. tion: NY County. LLC formed in Illinois Angelo, Gordon & Co., L.P., 245 Park the limited partnership upon process 72nd, #7A, NY, NY 10021. SSNY NYS fictitious name: VF MO INDUS- (IL) on 07/23/07. Princ. office of LLC: Ave., 26th Fl., NY, NY 10167. SSNY against it may be served. The address to designated as agent of LLC upon TRIES, LLC. SSNY designated as 1633 Broadway, 27th Fl., NY, NY designated as agent of LLC upon which the SSNY shall mail a copy of any whom process against it may be agent of LLC upon whom process 10019. SSNY designated as agent of whom process against it may be process against the limited partnership served. SSNY shall mail process to against it may be served. SSNY shall LLC upon whom process against it served. SSNY shall mail process to served upon him/her is C/O Tax Depart. the LLC at the princ. office of the mail process to c/o Corporation may be served. SSNY shall mail c/o Corporation Service Co. (CSC), MC 019, 600 James S. McDonnell LLC. DE addr. of LLC: Corporation Service Co. (CSC), 80 State St., process to c/o Corporation Service 80 State St., Albany, NY 12207. DE Blvd., Hazlewood, MO 63042. The Service Co., 2711 Centerville Rd., Albany, NY 12207-2543. DE addr. of Co., 80 State St., Albany, NY 12207- addr. of LLC: c/o CSC, 2711 Principal Business Address of the Ste. 400, Wilmington, DE 19808. LLC: c/o CSC, 2711 Centerville, Ste. 2543. IL addr. of LLC: 71 S. Wacker Centerville Rd., Wilmington, DE limited partnership is: 135 N. Meramec, Arts. of Org. filed with Secy. of State 400, Wilmington, DE 19808. Arts. of Dr., Ste. 2100, Chicago, IL 60606. 19808. Arts. of Org. filed with Secy. of Clayton, MO 63105 Dissolution date of DE, Div. of Corps., John G. Org. filed with Jeffery W. Bullock, Arts. of Org. filed with IL Secy. of State, Div. of Corps., John G. 12/31/2020. Purpose of the limited Townsend Bldg., 401 Federal St., Secy. of State, 401 Federal St., Ste. State, Dept. of Business Services, 201 Townsend Bldg., Dover, DE 19901. partnership: To engage in any lawful act Ste. 4, Dover, DE 19901. Purpose: 3, Dover, DE 19901. Purpose: Any S. Second St., Rm. 351, Springfield, IL Purpose: Any lawful activity. or activity. Design and sale of eyeglass wear. lawful activity. 62756. Purpose: Any lawful activity.

September 14, 2009 | Crain’s New York Business | 33 20090914-NEWS--0034-NAT-CCI-CN_-- 9/11/2009 7:40 PM Page 1

group growing upset when the and how we’re supporting them.” relationship developed as he and the WFP backs challengers to their Already,REBNY has joined with party worked together on issues WFP’s growing clout seats.Last month,after press reports organizations like the Rent Stabi- ranging from the minimum wage questioned whether the WFP’s for- lization Association and the Busi- and taxes to rent regulation and Continued from Page 1 races,will be a test of whether the 11- profit field operations arm, Data ness Council of New York State to green jobs. The party is taken seri- not been seen in New York state year-old party can replicate its and Field Services, provided dis- bolster the Independence Party in an ously because it combines “substan- since the 1920s. statewide success here in the city.The counted services to WFP candi- effort to counteract the growing in- tive ideas with political clout,” ac- “We actually believe that you can outcome in six council races—where dates,the Campaign Finance Board fluence of the WFP.The two real es- cording to Mr.Silver.“They’re good use the power of the state to mitigate the group endorsed upstart commu- warned that the company was a tate groups are particularly con- allies to have because they’re ready some of the inequalities inherent in nity organizers—and the comptrol- wing of the party and that its servic- cerned with the WFP’s vigorous to work,” he says. a market society,” Mr. Cantor says. ler, public advocate and Manhattan es had to be reported as either in- campaign to strengthen rent regula- After focusing on statewide is- In recent years, the labor-backed district attorney races will be watched kind contributions or expenditures. tion, while small business owners are sues through much of the party’s his- group has leveraged those state particularly closely in local political Mr. Cantor and the WFP’s can- worried about a legislative drive to tory,Mr.Cantor and his fellow WFP powers more effectively than party circles. Insiders say the party’s candi- didates say that’s exactly what’s been compel employers to give workers as leaders are beginning to do more of officials ever imagined possible, dates have a good chance of winning happening, though that hasn’t many as nine paid sick days per year. that work in the city, where Repub- campaigning to propel Democrats in four of the six council races and to stopped opposition candidates from “Every time we deal with Demo- lican mayors have reigned for the into control of the Senate, boost the force runoffs in the comptroller and pouncing on the issue during an cratic elected officials,their basic re- past 15 years. Their first major push minimum wage, reform the Rocke- public advocate contests. otherwise quiet election season. sponse is,‘You have to do something is the paid sick leave campaign. And feller Drug Laws, and champion a “They’ve really emerged as a force, about the Working Families Party,’ as they look to the future,they’ll seek so-called millionaires tax. and by the end of day Tuesday could Anathema to business ” says Joseph Strasburg, president of to take a page out of New York’s past. The party gives its union and be even more potent,” says Douglas long-term, however, it’s business the landlord-backed RSA, noting “We think of the role New York community affiliates the chance to Muzzio,a political scientist at Baruch that has the most to lose from the that many elected officials are afraid State played in the 1920s as a labora- step beyond the traditional bread- College. “If they get any number of WFP’s ascent. “They’re extremists to cross the party. “They view tory for the New Deal,”says party co- and-butter issues they regularly deal the insurgent council candidates to on many issues,” says Steven Spino- [WFP] support as critical for pur- chair Bob Master,referring to legisla- with on behalf of members to tackle win, that will really be a coup.” la, president of the Real Estate poses of getting elected.” tive measures under former governors broader social matters like the envi- The party’s growing influence Board of New York. “And if elected One key Democrat in Albany Al Smith and Franklin Delano Roo- ronment, housing and the minimum has created anxiety in the business officials decide to go in lockstep who has grown close to the WFP is sevelt that addressed factory safety, wage. Tuesday’s primary, which has community, and among many Re- with those extreme views, it’s some- Assembly Speaker Sheldon Silver, workers’ compensation, women’s dozens of WFP-backed candidates publican elected officials, and even thing we’ll take into consideration who calls party leaders “exuberant, pensions and child labor.“Our goal is running in both local and citywide some Democrats, with the latter in terms of who we’re supporting not extremist.” Mr. Silver says the to replicate that for a new era.”

PUBLIC & LEGAL NOTICES

Notice of formation of Limited Liability Name of Foreign LLC: JESUE LLC. Notice of Qualification of PERA Notice of Qualification of NY Trio JV Notice of Qualification of Jericho Company. Name: Legacy Housing App. for Auth. filed NY Dept. of State: ENERGY MIDWEST LLC. Authority LLC, App. for Auth. filed Sec’y of State Capital Partners II L.P., App. for Auth. Associates LLC (“LLC”). Articles of 7/16/09. Jurisd. and date of org.: DE filed with Secy. of State of NY (SSNY) (SSNY) 7/23/09. Office location: NY filed Sec’y of State (SSNY) 5/28/09. Organization filed with the Secretary 9/24/08. County off. loc.: NY County. on 07/20/09. Office location: NY County. LLC org. in DE 4/24/09. Office location: NY County. LP org. in of State of the State of New York Sec. of State designated as agent of County. LLC formed in Delaware (DE) SSNY designated as agent of LLC DE 5/22/09. SSNY designated as (“SSNY”) on September 2, 2009. NY foreign LLC upon whom process on 07/13/09. Princ. office of LLC: 14 upon whom process against it may agent of LP upon whom process office location is New York County. against it may be served. The Sec. of Wall St., 20th Fl., NY, NY 10005. SSNY be served. SSNY shall mail copy of against it may be served. SSNY shall The SSNY has been designated as State shall mail copy of process to: designated as agent of LLC upon whom process to NCR, 10 E. 40th St., 10th mail copy of process to 540 Madison agent of the LLC upon whom process National Corporate Research, Ltd., process against it may be served. Fl., NY, NY 10016, the Reg. Agt. upon Ave., 19th Fl., NY, NY 10022. DE against it may be served. The SSNY 10 E. 40th St., 10th Fl., NY, NY SSNY shall mail process to the LLC at whom proc. may be served. DE office office addr.: CSC, 2711 Centerville shall mail a copy of any process to 10016. Addr. of foreign LLC in DE is: the addr. of its princ. office. DE addr. addr.: c/o NCR, 615 S. DuPont Hwy., Rd., Wilmington, DE 19808. Cert. of the LLC c/o Selfhelp Community 615 S. DuPont Hwy., Dover, DE of LLC: Corporation Service Co., 2711 Dover, DE 19901. Cert. of Form. on LP on file: SSDE, Townsend Bldg., Services, Inc., 520 Eighth Avenue, 19901. Auth. officer in DE where Centerville Rd., Ste. 400, Wilmington, file: SSDE, Townsend Bldg., Dover, DE Dover, DE 19901. Name/addr. of each New York, New York 10018. Cert. of Form. filed: DE Sec. of State, DE 19808. Arts. of Org. filed with DE 19901. Purpose: any lawful activities. gen. ptr. avail. at SSNY. Purpose: any Purpose/character of LLC is to 401 Federal St., Dover, DE 19901. Secy. of State, Div. of Corps., 401 lawful activities. engage in any lawful act or activity. Purpose: any lawful activity. Federal St., Ste. 4, Dover, DE 19901. Notice of Formation of 47th Street Purpose: Any lawful activity. Partners One, LLC. Arts. of Org. filed Notice of Formation of WBH-BD LLC, Name of LLC: Jaden Lam, LLC. Arts. SMART BEAUTY NOW LLC, a with Secy. of State of NY (SSNY) on Art. of Org. filed Sec’y of State of Org. filed Dept. of State of NY on domestic Limited Liability Company Notice is hereby given that a license, 8/14/09. Office location: NY Co. SSNY (SSNY) 6/24/09. Office location: NY 4/22/09. Office location in NY: NY (LLC) filed with the Sec of State of number 1223768 for wine has been designated as agent of LLC upon County. SSNY designated as agent of Cty. Princ. bus. loc.: 750 3rd Ave., NY on 7/31/09. NY Office location: applied for by New York Lex Inc. d/b/a whom process against it may be LLC upon whom process against it Ste. 900, NY, NY 10017. Secy. of New York County. SSNY is designat- Ichie to sell wine at retail in a restau- served. SSNY shall mail process to: may be served. SSNY shall mail copy State of NY (SSNY) designated as ed as agent upon whom process rant under the Alcohol Beverage Seyfarth Shaw LLP, Attn: Stephen of process to 360 Lexington Ave., NY, agent of LLC upon whom process against the LLC may be served. SSNY Control Law at 53-55 West 106th Epstein, Esq., 620 Eighth Ave., NY, NY NY 10017. Reg. Agt. at such addr. against it may be served. SSNY shall shall mail a copy of any process Street, Store #2, City of New York 10018. Purpose: any lawful activities. upon whom proc. may be served is mail a copy of process to: c/o United against the LLC served upon him/her and County of New York for on prem- David S. Kriss, Esq. Purpose: any States Corporation Agents, Inc., 7014 to The LLC, 60 W. 23rd St., #1717, ises consumption. New York Lex Inc. Notice of Formation of T.P. DUFFY lawful activities. 13th Ave., Ste. 202, Brooklyn, NY NY, NY 10010. General purposes. d/b/a Ichie RESEARCH & CONSULTING LLC, a 11228 registered agent upon whom domestic LLC. Arts. of Org. filed with process may be served. Purpose: any NOTICE OF FORMATION OF TNC- Notice of Formation of ZEKO PART- Notice of Formation of SP49 Partners, the SSNY on 06/29/2009. Office loca- LLC. Articles of Organization filed lawful activity. SERVICES LLC. Arts. of Org. filed NERS, LLC. Arts. of Org. filed with tion: NY County. SSNY has been with Secy. of State of N.Y. (SSNY) on Secy. of State of NY (SSNY) on with Secy. of State of NY (SSNY) on designated as agent upon whom 04/01/09. Office location: NY County. Notice of Qualification of GEP PART- July 29, 2009. Office location: New 08/04/09. Office location: NY County. process against the LLC may be NERS, L.P. Authority filed with Secy. York County. SSNY designated as Princ. office of LLC: c/o Fehmi Zeko, SSNY designated as agent of LLC served. SSNY shall mail a copy of upon whom process against it may of State of NY (SSNY) on 08/27/09. agent of LLC upon whom process 241 Central Park West, Apt. 15D, process to: Thomas P. Duffy, 450 W. Office location: NY County. LP formed against it may be served. SSNY shall NY, NY 10024. SSNY designated as be served. SSNY shall mail process 17th St. #1602, NY, NY 10011. to the LLC, 250 East 54th St., Apt. in Delaware (DE) on 07/30/09. Princ. mail process to: 140 West End Ave. agent of LLC upon whom process Purpose: Any Lawful Purpose. office of LP: 668 Greenwich St., Ste. #22B New York, NY 10023. Purpose: against it may be served. SSNY 35D, New York, NY 10022. Purpose: 801, NY, NY 10014. SSNY designated any lawful activity. shall mail process to the LLC at the Notice of Qualification of YYC CAPI- any lawful act or activity. as agent of LP upon whom process addr. of its princ. office. Purpose: TAL MANAGEMENT LLC. Authority against it may be served. SSNY shall Notice of Qualification of OneSeven Any lawful activity. filed with Secy. of State of NY NOTICE OF FORMATION OF mail process to the LP at the addr. of Partners, L.P. App. For Auth. filed with (SSNY) on 07/24/09. Office location: Scientific & Regulatory Solutions LLC. its princ. office. The regd. agent of the Secy. of State of N.Y. (SSNY) on Notice of Qualification of Kushner IP NY County. LLC formed in Delaware Article of Organization filed with the company upon whom and at which 7/23/2009. Office location: New York Holdings LLC, App. for Auth. filed (DE) on 05/21/09. Princ. office of Secretary of State of NY (SSNY) on process against the company can be County. LP formed in DE on 7/20/2009. Sec’y of State (SSNY) 6/2/09. Office LLC: 399 Park Ave., NY, NY 10022. 06/26/09. Office location NEW YORK served is Corporation Service Co. SSNY designated as agent of LP location: NY County. LLC org. in DE SSNY designated as agent of LLC County. SSNY has been designated (CSC), 80 State St., Albany, NY upon whom process against it may 3/27/09. SSNY designated as agent upon whom process against it may as agent upon whom process against 12207-2543. Name and addr. of each be served. SSNY shall mail process of LLC upon whom process against it be served. SSNY shall mail process it may be served. The Post Office general partner are available from to: 623 Fifth Ave., 14th Fl., New York, may be served. SSNY shall mail copy to c/o Juan Trujillo, Arnold & Porter address to which the SSNY shall SSNY. DE addr. of LP: c/o CSC, 2711 NY 10022, Attn: Simon Chelli. DE of process to c/o Nat. Reg. Agents, LLP at the princ. office of the LLC. mail a copy of any process against Centerville Rd., Ste. 400, Wilmington, address of LP: 615 S. Dupont 875 Ave of the Americas, NY, NY DE addr. of LLC: c/o Corporation the LLC served upon him/her is C/O New Castle Cnty., DE 19808. Arts. of Highway, Dover, DE 19901. 10001, the Reg. Agt. upon whom Service Co., 2711 Centerville Rd., the LLC P.O. Box 4755, Middletown, Org. filed with the Secy. of State of Name/address of each genl. ptr. avail- proc. may be served. DE office addr.: Ste. 400, Wilmington, DE 19808. Arts. NY 10941. Date of Dissolution: N/A, the State of DE, Dept. of State, John able from SSNY. Cert. of LP filed with 160 Greentree Dr., Ste. 101, Dover, of Org. filed with Secy. of State: Div. Purpose of LLC: to engage in any G. Townsend Bldg., 401 Federal St., DESS, P.O. Box 898, Dover, DE 19903. DE 19904. Cert. of Form. on file: of Corps., 401 Federal St., John G. lawful act or activity. Street address Ste. 4, Dover, DE 19901. Purpose: Purpose: to engage in any act or SSDE, Townsend Bldg., Dover, DE Townsend Bldg., Dover, DE 19901. of Principal Business location is P.O. Any lawful activity. activity lawful under the NY L.P. Law. 19901. Purpose: any lawful activities. Purpose: Any lawful activity. Box 4755, Middletown, NY 10941

34 | Crain’s New York Business | September 14, 2009 20090914-NEWS--0035-NAT-CCI-CN_-- 9/11/2009 5:09 PM Page 1

bank’s capital and triple its $7.1 million provision for anticipated Developer hit by his bank’s mounting woes loan losses. “As many banks did, we made Continued from Page 3 spoils were the nonresidential por- Aristone Capital Funding sued him LibertyPointe’s president, Mer- real estate loans that are now in trou- and Leviev went on a buying spree tions of two condo projects in over a $3.2 million loan for 20 Pine ton Corn, reports that Mr. Boymel- ble,” says Mr. Corn. “We are in the that reached as far as Las Vegas and Brooklyn and a building site in the St., which is now controlled by Mr. green almost always attends month- process of liquidating the bad loans Miami.Their New York projects in- shadow of the High Line on 10th Leviev. ly board meetings, but he isn’t active and raising capital.” cluded converting office buildings Avenue and West 23rd Street. After And then there are the problems in the bank’s daily operations. He Mr. Corn says he hopes to finish into condos, constructing new con- spending millions of dollars to lease at LibertyPointe, the bank whose adds that the bank has no outstand- that process in six to nine months dos and rental properties, and buy- the site and design a new building, board Mr. Boymelgreen still chairs. ing loans to its chairman. but won’t say how much capital the ing up raw land in Brooklyn. Mr. Boymelgreen has been unable The bank is under fire from the bank is seeking. Whether Mr. The partnership broke up in to raise the funds to build his FDIC for numerous infractions, in- Serious underperformer Boymelgreen is willing or able to 2007, when the two men were no planned 15-story rental property. cluding operating with too many according to snl financial,18% contribute is anyone’s guess. In longer able to agree on what projects bad loans and inadequate loan loss of the bank’s loans are classified as 2007, he listed U.S. assets of $365 to pursue, sources say. As the owner Lenders cry foul reserves The FDIC also says the nonperforming—a whopping six million on an application he made of 65% of the partnership, Mr. meanwhile, Mr. Boymelgreen’s le- board of directors failed to supervise times the average for U.S. banks. for a loan,according to a source who Leviev walked away with most of gal woes are growing.TD Bank sued policy sufficiently. Mr. Boymel- Meanwhile, the total amount of saw the application. But that was at the holdings. him earlier this year for failing to pay green’s staff didn’t return calls for nonaccruing loans at Liberty- the peak of the market and before Among Mr. Boymelgreen’s principal on a $3 million loan. And comment. Pointe is more than double the his split with Mr. Leviev.
Broadway recession

Continued from Page 2 The more risk-averse producers are also changing the face of Broad- way. This fall, 11 out of the 18 new productions are plays, and most are limited runs, which are considered good for attracting stars and ensur- ing profitably packed houses. Ten years ago,plays were almost obsolete as Broadway catered to its biggest audience segment—tourists, who typically crave musical fare. Added premium on premium seats “what we’re seeing now is the echo of the changes in the economy 12 months ago, when people would have had to commit last year and get their teams together [for the fall sea-

STAGE RIGHT? Producers hope Daniel Craig and Hugh Jackman ensure packed houses.

son],” says David Schrader, manag- ing director of Disney Theatrical Productions. Yet as God of Carnage—which grossed more than $1 million some weeks—recently proved, a quality star-studded play can be a surefire way to make a quick return. And it can jack up the face value of the pre- mium-priced seats that producers increasingly rely on to bring in prof- its for their investors. Ticket prices for the 12-week run of A Steady Rain, for example, reach $130 on weekends and climb to $140 Thanksgiving weekend and Dec. 4-6, the final weekend of the play’s limited engagement. “Whoever would have thought Daniel Craig would play on Broad- way?” says Todd Haimes,artistic di- rector of the Roundabout Theatre Company, which is producing a re- vival of Bye Bye Birdie,the only well- known musical of the fall. The checks to investors must al- ready be in the mail.

September 14, 2009 | Crain’s New York Business | 35 20090914-NEWS--0036-NAT-CCI-CN_-- 9/11/2009 8:14 PM Page 1

proposed 350,000-square-foot facility at Aqueduct have not Marriott been disclosed,critics say Queens could be his new Biloxi—a bad fit for a man who has made his mark gets sued building lavish palaces that cater to high rollers. In Queens, the winner will not only have to live Continued from Page 1 without lucrative table games but Robert Gladstone, a principal in Madison also must give 70% of revenues to 92nd Street Associates, which owns the hotel, the state. says he and his investment partners have Labor relations also seem to pumped more than $2 million into the prop- work against Mr. Wynn. The erty from their reserve fund since the hotel be- state requires the successful bid- gan losing money last year. They could not der to reach a labor peace agree- otherwise meet the hotel’s debt obligations. ment, but the hotel union is still “We started to engage Courtyard about 14 unsatisfied. That could pose months ago in a series of conversations about problems for Mr. Wynn, who is what contingency plan they had to curb costs,” the only bidder planning to build says Mr. Gladstone, who owns and builds an all-new facility and who will mostly residential buildings in the city via his need to work closely with organ- family’s firm, Madison Equities. “We told ized labor to meet his projected them we are hemorrhaging money.”

newscom completion date of spring Marriott would not comment on the law- 2011—the latest of all the bids. suit. But Madison’s predicament is increasing- HANDICAPPING THE BIG A’s HALF DOZEN BIDDERS Mr.Wynn insists the wait will ly playing out in hotels across the country as the be worth it. He forecasts revenue recession whacks room and occupancy rates. AQUEDUCT AQUEDUCT MGM MIRAGE PENN SL GREEN STEVE WYNN of roughly $500 million in the “Management contract litigation is noth- ENTERTAINMENT GAMING NATIONAL first year alone,handily exceeding ing new,” says David Sherwyn, associate pro- GROUP PARTNERS GAMING PARTNERS PARTNERS none PARTNERS R. Donahue Hard Rock BID the state’s goal of $1 million a day. fessor of law at Cornell University’s School of PARTNERS Delaware North, Peebles, Harbinger PARTNERS Entertainment, (opening/current): He predicts even higher revenues Hotel Administration. “And in times like this Turner Construction, Saratoga Gaming Capital, GlobalHue Not available Tishman $75 million/$300 in each succeeding year, aided by when hotels are having problems, you are def- Rev. Floyd Flake’s and Raceway, BID BID Construction, million Empowerment Dev. Harrah’s companies what he calls his premium brand. initely going to see more.” (opening/current): (opening/current): HIGH CARDS Long Gp., Navegante Entertainment, $150 million/ $5 million with affiliated with BET That brand and Mr.Wynn’s sheer Most disputes between hotel owners and Gp., Levine McKissack & founder Robert track record of $150 million conditional success, premium star power already seem to have operators are handled in arbitration out of the Builders, Clairvest McKissack $150 million/not Johnson Gp., others HIGH CARDS brand name, lots of dazzled some New York politi- public eye. But this complaint, filed in New BID Promises south available BID cash BID (opening/current): (opening/current): cians, but at the end of the day he York State Supreme Court, pulls back the cov- Queens economic HIGH CARD LOW CARDS (opening/current): n.a./$300M development, plans Operates slots at $250 million/$275 remains an outsider without any ers on a relationship that is rarely revealed. $151M/$251M million Won’t open until HIGH CARDS to open by summer four racetracks spring 2011 at local partner to help show him According to the complaint, Courtyard ex- (contingent on Promises to open 2010, only bid led HIGH CARDS more VLTs) LOW CARDS earliest; lacks NY the ropes. ecutives told Madison during contract negoti- by April 1, won by African-American Limited resources Extensive NY connections, HIGH CARDS original contest to LOW CARDS and local connections and experience and One thing he does have in ations and after the deal was finalized that the Promises to open redevelop site, tied MGM is financially connections, experience, good partners; strained abundance, though, is cash. Mr. property would not have a union workforce and by April 1, strong as highest bidder, troubled as it dark-horse union and relations with local Wynn bills himself as the most fi- that 47 employees would be needed to run the community ties, strong Albany struggles to build candidate community unions; might not extensive NY connections vast complex in Las relations, popular attract high rollers nancially sound bidder in these 226-room hotel. Courtyard then submitted a experience LOW CARD Vegas, few city brand name, plans to Queens troubled times, with the cash on plan laying out the costs for running the hotel. LOW CARDS Failed to come up connections, no to open by April hand to meet his $300 million Madison alleges that it was deliberately de- Lacks brand-name with its promised labor deal LOW CARD casino operator $370M payment Lost earlier bid up-front bid. ceived by Courtyard executives, who withheld and gaming after winning information about hiring union workers so it experience original contest A more sedate vision could clinch the deal, knowing that Madison although Mr. Wynn has been was opposed to such a move. criticized for attempting to bring In 2006, Marriott signed a collective bar- Vegas-like glitz to working-class gaining agreement with the New York Hotel Ozone Park,in renderings the fa- & Motel Trades Council. Mr. Sherwyn says Steve Wynn faces uphill race cility looks relatively modest with Madison should have known that its hotel its sedate pond and poles fes- would be included. “When a hotel is part of a tooned with brightly hued racing neutrality agreement, it has a high chance of Continued from Page 1 death of his father in 1963 forced became the first hotel/casino to silks out front. becoming union,” he says. less slot machines. him to abandon plans to study generate a record $1 million in Inside, a single floor would be Madison insists it was never informed that With five other active bidders law and instead manage his in- revenue a day. Others fol- crammed with slots, a lounge, its property was bound by that union contract. in the running, including a group heritance—$350,000 in gam- lowed, including the $1.6 billion shops and restaurants.The build- In April 2009, after pressuring Courtyard for led by Manhattan’s largest land- bling debts and a small East Bellagio. ing will feature natural light and information,Mr.Gladstone learned that there lord, SL Green, and another by Coast bingo business. An avid art collector, the bil- plantings—part of what Mr. were work rules pertaining to his hotel that his Las Vegas rival MGM Mi- “It was a seminal event in my lionaire has a degenerative eye Wynn’s team refers to as the de- were different from other hotels’ agreements. rage,competition is stiff.No clear life,” says Mr. Wynn. condition that has robbed him of veloper’s “special sauce.” Specifically, he says, management was unable leader has emerged in a process Less than 10 years later, Mr. his peripheral and night vision. “They’re not flashy; they’re to lay off workers as the economy tanked.“We that has been anything but trans- Wynn burst into big-time casino Nonetheless, he keeps famously beautiful,” Mr. Wynn says, refer- were stunned,” he says. parent.But one thing is clear:Mr. gambling, turning a down-at- close track on his properties by ring to his properties. The property now employs 70 members of Wynn—a man credited with a the-heels Vegas gambling joint, weighing in on everything from This will be his second try at the union. The 23 additional workers—be- Disney-esque ability to conjure their architecture to the location convincing state officials that his yond the amount Courtyard originally identi- up hugely lucrative magic king- of their toilets. concept of beauty will sit in fied—have cost Madison an extra $2 million doms—wants to prove he can Few Wynn “He is maniacal about details,” Queens. Last year, he and a few in labor expenses,according to Mr.Gladstone. make it in the Big Apple. says Andrew Pascal, Wynn Re- partners, some of whom are now Madison claims that it was “sacrificed”to the projects have sorts’ president. competing bidders, lost the con- union as part of an arrangement Marriott offi- Top ratings galore Mr. Wynn’s touch failed him tract.When Delaware North,the cials have made with the council to protect “i make people feel good and fallen flat, but with one project,the Beau Rivage winner in that initial contest, Marriott’s crown jewel properties from being special,”says Mr.Wynn,boasting resort in Biloxi, Miss. There, failed to come up with its prom- organized. that his Wynn Las Vegas luxury Beau Rivage building costs of $700 million far ised $370 million up-front fee, Those hotels include the Marriott Marquis, resort is the only hotel in Ameri- exceeded estimates.The resulting the bidding process was restarted. owned by Host, a real estate trust that was once ca to earn Mobil five-star and missed the mark losses depressed the shares of Mr. This time, Mr. Wynn is going it part of Marriott International;and the Marriott Michelin five-star ratings. “That Wynn’s Mirage Resorts Inc., al- alone in Queens without any lo- Courtyard Midtown East on Third Avenue is what I do.” lowing archrival Kirk Kerkorian cal partners. and East 53rd Street, also owned by Host. The debonair 67-year-old of MGM to snap up the compa- As the Aqueduct decision Those are the only two properties of 12 man- with a toothy 150-watt smile and ny for $6.6 billion in 2000. looms before Gov. David Pater- aged by Marriott that are exempt from the a perma-tan has come a long way the Golden Nugget, into a luxury “Very few Wynn projects have son and the heads of the New union contract, according to a spokeswoman from his days as a quiet English resort. Later, he built the Golden fallen flat,” says William Eading- York Senate and Assembly, Mr. for Marriott’s New York City hotels. major at the University of Penn- Nugget Hotel & Casino in At- ton, director of the University of Wynn says if he doesn’t win the A spokesman for the union refutes the claim sylvania. The eldest son of lantic City, signing up New Jer- Nevada Reno’s institute for the bid he will “take the result with that a secret deal exists and says the union has Michael Weinberg, a compulsive sey’s own Frank Sinatra as its tele- study of gambling and commer- grace.” vigorously tried to organize the Marquis. gambler who changed the family vision pitchman. cial gaming. “But the Beau Ri- “The sun comes up tomorrow, “For years, the Marquis has paid better name to Wynn, Steve had no in- In 1989, Mr. Wynn opened vage missed the mark.” and you go on with your life,” he wages and benefits just to keep the union out,” terest in games of chance.But the the Mirage in Las Vegas, which While the costs of Mr.Wynn’s says.
says the spokesman.

36 | Crain’s New York Business | September 14, 2009 20090914-NEWS--0037-NAT-CCI-CN_-- 9/10/2009 9:15 PM Page 1

Internet ad spending grew 38% and traditional media fell 30% in 2Q ’09 vs. 2Q ’06 BUSINESS LIVES Source: MediaPost analysis HOT JOBS EXECUTIVE INBOX

CHIEF FINANCIAL OFFICER Anne Fisher ORGANIZATION Abyssinian Development Corp. How to use JOB DESCRIPTION Responsible for financial management, ac- economic counting and administrative oper- ations at the Harlem nonprofit chaos to spur MOST IMPORTANT TASK Advise innovation members of the executive team on financial plans GUESS WHAT THE FOLLOWING CREDENTIALS NEEDED Master’s companies all have in common: degree or C.P.A.; nonprofit and real Disney, Hyatt, FedEx, Microsoft, estate development experience Apple, 20th Century Fox, Merck, Eli Lilly, Sun, GE and Amgen. SALARY Minimum $130,000, commensurate with experience Give up? They, and many more big thriving enterprises, were RECRUITER In-house founded during severe economic DOWNSIDE Recession has made downturns. it more difficult to implement Says Jeremy Gutsche, programs in the community founder and chief trend hunter at UPSIDE Chance to help low- and TrendHunter.com: “When chaos moderate-income families reigns, new business models get After five years, CFO Charles invented. If you’re a manager in Foster is stepping down. an organization that resists Abyssinian serves more than change, this recession is your 5,000 people annually through chance to say, ‘Hey, we’ve never housing development, family had a better opportunity to try services and other programs. something new.’ ” —AMANDA FUNG His new book, Exploiting Chaos: 150 Ways to Spark WARM AND Innovation During Times of FUZZY: Kevin Change ($20, Gotham Books), is EXECUTIVE MOVES Clash has turned a guide for people who are ready Elmo into a to shake things up. Waiting for CNN: centerpiece of Jamie Kraft, 43, Sesame Street. the world to return to “normal”— was named executive that is, to the past—is futile, he producer of American writes; then he outlines steps for Morning. He has been capitalizing on hard times. acting executive producer since May. buck ennis Mr. Gutsche speaks from Before that appoint- experience. Some years ago, he ment, Mr. Kraft was GOTHAM GIGS was in charge of a lucrative credit- senior broadcast producer for the show. card division at Capital One Jujamcyn Theaters: Jordan Roth, 33, was Canada that fell off a cliff when named president, replacing Rocco funding costs skyrocketed. “Our Landesman. He had been a resident producer and vice president since product was no longer profitable. joining the company. It fact, it was dead,” he recalls. Jefferies: Ward McCarthy, 58, joined the Muppet master So he and his team sped a securities and investment banking firm new product to market. The crisis as managing director and chief financial kevin clash was just a puppeteer performing bit parts on Sesame meant “we no longer had to economist in the fixed-income group. Elmo was spend a year proving our ideas He was most recently managing director Street when Elmo fell in his lap.The fuzzy red Muppet was a new were perfect.” By making at Stone & McCarthy Research addition to the children’s show, and the original actor didn’t take to the Associates, which he co-founded. chosen to everyone pull together, and EYP Architecture & Engineering: William role. ¶ “He said: ‘I’m not really feeling a connection to this one. Kevin, forcing a fresh look at what Van Horn, 50, joined as senior project host a TV why don’t you take Elmo?’” Mr. Clash recalls in his natural voice, customers wanted, their effort director. He was most recently senior several octaves lower than Elmo’s familiar squeak. ¶ That was 25 years yielded a credit card with a whole associate principal at Kohn Pedersen special new interest-rate structure. Result: Fox Associates. ago. Since then, the Emmy-winning Mr. Clash has turned Elmo into The business tripled, becoming Hallmark Channel: on the Susanne Smith a centerpiece of Sesame Street. ¶ As the show rolls into its 40th season, a $1 billion cash cow. McAvoy, 38, was economy the gang finds itself facing an economic downturn. Elmo was chosen “Once you accept that promoted to senior to host last week’s Sesame Street special, Families Stand Together: Feeling perpetual change is inevitable, vice president of you can go with the flow,” notes marketing. She was Secure in Tough Times. ¶ Forever 3½ years old, Elmo doesn’t Mr. Gutsche. “The time to act is formerly vice understand the recession—just like his 2- to 8-year-old fans.“We’re all always now.” president of ad sales marketing. going through it, and the kids know something’s going on,” says Mr. Urban Marketing: Stephen McArdle, 42, Clash, a 49-year-old Baltimore native who has a teenage daughter. ¶ HAS THE RECESSION pushed you to joined the real estate marketing and Though Elmo’s attached to his arm most days, Mr. Clash doesn’t take advantage of new opportunities rental firm as principal. He had been or radically change the way you do with Sedona Realty, which he founded. bring work home.The Muppet spends nights at the office. business? Tell us at www.crains See EXECUTIVE MOVES on Page 38 —hilary potkewitz newyork.com/execinbox.

September 14, 2009 | Crain’s New York Business | 37 20090914-NEWS--0038-NAT-CCI-CN_-- 9/10/2009 9:15 PM Page 1

Leading the Philharmonic RÉSUMÉ REVIEW Is your job search all it could be? We ask the experts. New music director been hidden away or not em- the word out and trying to build up braced organizationally. Of course, support. But there are a lot of peo- NAME STACY WONG courts philanthropists, people are not going to see a sit- ple who work for the New York OBJECTIVE uation where Beethoven is no Philharmonic who take care of Land a full-time graphic design position conducts mom longer played by the Philharmonic. those areas. A lot of people don’t realize how EXPERIENCE much more interesting the older, What is it like to conduct your mother?  Green Spaces, Brooklyn, 2009-present BY MIRIAM KREININ SOUCCAR familiar works will be when pre- Happily, I’ve done enough with Design intern sented in the context of how the the orchestra now that it’s Provide design services to 10-plus companies he new york Philhar- line is continuing. been possible to arrive at  Christian Zechner Associates, Manhattan, 2007-present monic enters a new era on a natural balance of the Freelance designer How would your musicians Wednesday, when the sea- situation. I’m aware Created promotional materials for art gallery, branding for new company describe you? son opens with music di- she’s there, but I have  Handel Architects, Manhattan, 2005-08 Trector Alan Gilbert at the helm. That’s difficult to say. I en- enough to do at re- Interim office manager, materials librarian Head of the Royal Stockholm Phil- courage you to speak to them! hearsals. Luckily, she’s Managed office of 85 employees, cataloged architectural samples in harmonic for the past eight years I think it’s fair to say we already a terrific musician, so as well as a guest conductor for the have a trust that has been built she certainly isn’t pre- library, coordinated AIA-accredited lunch presentations with vendors New York or- up on both sides.They feel senting any trouble SKILLS ganization, that I am able to help for me.  Photoshop, Illustrator, InDesign, Flash, Dreamweaver, digital photography Mr. Gilbert is them play as well as EDUCATION MOVERS & the first native they can. C’mon, isn’t there SHAKERS New Yorker anything strange  NYU, 2002-06; B.A., urban design and architecture studies, cum laude to lead the lo- With fundraising about being  NYU, 2005-06; certificate in graphic design cal institution tougher during the Mom’s boss? Résumé appears in condensed form. recession, it After the re- Alan and,at 42,one EXPERT ADVICE of the young- seems you’re hearsals and Gilbert est. The child supposed to court concerts, I get It’s time to create your brand. If any of your design projects have of two Phil- donors and bring comments contributed to the success of the company, make sure your cover letter, harmonic vio- in new from her like, résumé and references reflect those accomplishments. Create your linists, Mr. Gilbert finds himself in audiences as ‘You didn’t but- personal branding statement: a 30-second elevator pitch that articulates the unusual position of conducting well. How do ton your top the unique value and benefit you will bring to a company. Once you have a his mother, Yoko Takebe, who still you feel about button,’or ‘You branding statement, you’ll be able to use it in your résumé, during plays in the orchestra. these roles? forgot to press interviews and at networking events. As the face your jacket.’ —ware sykes, director of career services, TheLadders.com How will you change the orchestra? of the organ- You know, I’m not about revolutionizing the ization, I am things that To contact this candidate or to be featured in “Résumé Review,” e-mail us way the orchestra approaches pro- involved only a moth- at [email protected]. gramming, but I do think that con- in get- er worries temporary music has sometimes ting about.
hayley sparks

dean of the School of Design Strategies. Special introductory EXECUTIVE MOVES He was previously the school’s chair of rate for Crain’s readers: urban and transdisciplinary design. Patterson Belknap Webb & Tyler: Michael Kramer Levin Naftalis & Frankel: Paul H. $ MONTH FOR F.Buchanan, 47, joined the law firm as a Schoeman, 40, rejoined the law firm as a 993 MONTHS* partner in the intellectual property partner in the litigation department. He Small business. litigation and white-collar defense and had been chief assistant U.S. attorney for investigations teams. He was formerly the Eastern District of New York. an assistant U.S. attorney for the District Travel Ad Network: Brian Silver, 42, was Big image. of New Jersey. promoted to chief executive from chief Forrest Solutions: Kate operating officer. He remains president. Post, 53, was promoted Hachette Filipacchi Media U.S.: Larry First impressions count. to president of Little, 56, was promoted to senior vice Give yours a boost with a Regus strategic staffing president and chief brand officer of the solutions at the Cycle World brand group. He was Virtual Offi ce in Manhattan. staffing company. She formerly vice president and publisher of was formerly chief Cycle World. operating officer. —maia blume Anchin Block & Anchin: John J. Scott, 61, joined the accounting and advisory firm as director of litigation, forensics and EXECUTIVE PROMOTIONS valuation services. He was formerly a The fastest way to get an announcement into director at RSM McGladrey. Crain’s is to submit details online. Fill out the form Parsons The New School for Design: at www.crainsnewyork.com/submit. The Miodrag Mitrasinovic, 44, was appointed Executive Moves column is also available online. With Regus you get: A high-profi le corporate business address in Manhattan to use as your own Professional receptionist services Access to a fully furnished private offi ce A prestigious local phone number — many (212) numbers available

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38 | Crain’s New York Business | September 14, 2009 20090914-NEWS--0039-NAT-CCI-CN_-- 9/10/2009 9:13 PM Page 1 chemex / INSATIABLE CRITIC tractors and the government. The event flickr.com Gael Greene runs from 8 a.m. to 12 p.m. at THE LaGuardia Community College, 31-10 Thomson Ave., suite 500, Queens, and is free. Contact (718) 482-5941 or WEEK [email protected] for more details. TRADE SHOWS True compass: TUESDAY, SEPTEMBER 22- AHEAD WEDNESDAY, SEPTEMBER 23 Head to the 2009 URBAN GREEN EXPO SEPT. 21-27 sponsored by the Real Estate Board of Oceana sails on New York. The event runs from 9 a.m. to 7 p.m. both days at the Metropolitan

CONFERENCES Pavilion and the Altman Building, West getty images Seafood flavor TUESDAY, SEPTEMBER 22 18th Street between Sixth and Seventh THE NEW YORK SOCIETY OF SECURITY avenues. Fees range from $75 to $300. WHAT HE’S kicks in at new, ANALYSTS will hold its fourth annual For more info, call (212) 532-3100. construction and materials conference SURFING more spacious site from 8:30 a.m. to 5 p.m. at 1177 Sixth CULTURAL EVENTS Ave., second floor. Tickets are $195 for THURSDAY, SEPTEMBER 24 Pick KEITH HALL, commissioner of the UNION SQUARE he new supersized members and $295 for nonmembers. For Join the of the U.S. Bureau of Labor Statistics, Oceana, boldly an- more information, call (646) 871-3405. PARTNERSHIP for its HARVEST IN THE SQUARE week developed an interest in statistics chored in haute seafood PROGRAMS & WORKSHOPS FOOD AND WINE-TASTING as a child by crunching batting waters two blocks south MONDAY, SEPTEMBER 21 CELEBRATION, buck ennis with unlimited samplings averages and ERAs of his favorite of Le Bernardin, is still VENETIAN STYLE: A passel of shellfish Join the MADISON CONSULTING GROUP from more than 50 restaurants. The baseball team: the Earl Weaver- Tin soft opening.But it’s not too soon INC. to learn to maximize your event runs from 7:30 p.m. to 9 p.m. at led Baltimore Orioles. to say how it looks and behaves. productivity.The program runs from West Plaza, Union Square West at East When the nation’s dean of Chef Ben Pollinger’s marvelous OCEANA 9 a.m. to 3 p.m. at 188 Madison Ave., 14th Street. Tickets are $115 in advance, Manhattan chowder with tenderest 1221 Sixth Ave. and the fee is $300. Call (212) 532-0703 $125 at the door and $400 for VIP economic data isn’t busy Manila clams and linguiça sausage, (212) 759-5941 for more information. tickets. Contact (212) 460-1208 or analyzing job losses, the seafood sausage-stuffed cala- www.oceanarestaurant.com [email protected]. unemployment rates and the TUESDAY, SEPTEMBER 22 consumer price index, he heads mari and the shimmeringly fresh NEW YORK COMMERCIAL REAL ESTATE SUNDAY, SEPTEMBER 27 oversize scallops à la plancha are back to his statistical roots, WOMEN will host a program on THE GUGGENHEIM MUSEUM’S exhibition scouring baseball Web sites for definitely ready for prime time.I am CUISINE Seafood distressed debt from 6 p.m. to 8 p.m. at of the works of legendary painter Vasily so impressed by the complex flavor the latest information that might PRICE RANGE Entrées $28-$48 Crowell & Moring, 590 Madison Ave. Kandinsky opens on Sept. 18 and runs kicks in a first tasting on Monday The event is free for members and $85 through Jan. 13. The museum, at 1071 help his reeling fantasy team. that I’m back again four nights later. SERVING Lunch, dinner, 7 days for nonmembers. For more information, Fifth Ave., is open from 10 a.m. to 5:45 “It’s a rebuilding year,” he I always got a kick from the call (212) 499-6566 or e-mail p.m. Sunday, Monday,Tuesday, Wed- jokes. I can’t wait to return. steamship illusion of the old Oceana, [email protected]. nesday and Friday and from 10 a.m. to Now, he’s trying hard to be a even though it was unpleasantly I will definitely go back. 7:45 p.m. Saturday. It is closed on fan of the Washington Nationals. WEDNESDAY, SEPTEMBER 23 Thursday.Tickets are $18 for adults, I’ll let them simmer awhile. cramped. But others found it dated, LAGUARDIA COMMUNITY COLLEGE, U.S. $15 for students and seniors with ID, But it isn’t easy. “You’re talking fusty and claustrophobic. They may NO HATS Never again. DEPARTMENT OF TRANSPORTATION and and free for members and children about the worst team in baseball,” welcome the breathing space in the SMALL BUSINESS TRANSPORTATION under 12. For more information, call he says. Morris Nathanson design. RESOURCE CENTER will hold a workshop (212) 423-3500. —DANIEL MASSEY Here, there’s a marble parquet roccan-style hollandaise (chermoula on marketing your company to con- —maia blume floor and room for a medium-size makes it Moroccan), and by taro- wedding reception at the raw bar. wrapped pompano escorted by per- The dining room sprawl leaves a lux- fectly cooked baby bok choy and a big ury of space between tables and ban- green puddle of coconut curry. My quettes. Curtains cut off some of the companion’s choice of tomatillo sauce 49th Streetscape, but not all. I like adds an inspired edge of acid to bal- that. And you can commune with a ance the sweetness of those scallops. live lobster in the bright-blue tank A light balsamic glaze brings out the before eating it, or with the kitchen summer perfection in a side of heir- behind. An excess of categories on loom tomatoes cooked à la plancha. the menu looks familiar—I fear it’s a Returning, I am more delighted trend—but maybe some find it illu- by the crunch and flavor brilliance of minating to distinguish Composed lightly pickled cucumber layered Appetizers and Classic Raw Bar with perfect little tatsoi leaves and from Contemporary (marinated oys- wasabi-lime aioli than by the small ters with cucumber,apple and crushed funnel-shaped crab cakes it plays sec- spices; and spicy smoked tuna rolls). ond fiddle to.The chef is full of these At our first tasting, we are quickly thoughtful surprises. He also scores bedazzled by red wine petits pains. with crisp fried calamari and tartar “The flour is made from Cabernet sauce, as well as the marvelous trio of seeds,” says our server. It doesn’t taste sauces accompanying pristine little- like red wine at all, but it’s a crusty, necks: passion fruit mignonette, chewy, delicious gambit from pastry green curry leaf vinaigrette and his chef Jansen Chan, with actual wine stellar version of classic cocktail goo. and a touch of honey.Tonight’s toma- The Venetian-style steamed shell- to soup amuse, with its Parmesan fish delivers a carefully cooked passel cracker, tastes like Campbell’s to me, of shrimp, clams, cockles, scallops who hasn’t tasted Campbell’s for and more in an herbal brodetto, decades, but you never forget that thickened with chowder clams. tomato-on-tin taste. (It’s tangier and All of us are transfixed by the $14 much better a few days later.) Snap- doughnut platter. I’d wake up early per seviche with roasted corn and for this doughnut Hall of Fame: Earl hearts of palm frizzies is curiously Grey tea-glazed yeast doughnut,wal- timid, needing more citric pow. And nut frosted cake cruller,salty caramel the poke trio—pronounced po-kay,a custard-filled yeast doughnut, sour Hawaiian term for ovals of tuna, strawberry fritter and chocolate co- hamachi and wild salmon tartares coa nib holes. Join the “Life is short; laced with roasted, ground can- why resist” school. With the check dlenut—could use more oomph, too. come little ice cream pops on a stick Nothing emerging from the nested in toasted Génoise dust. kitchen is really hot enough (in tem- perature), but still we’re pleased by Copyright © 2009 by Gael Greene. the crusty soft-shell crab with Mo- Read more at www.insatiable-critic.com.

September 14, 2009 | Crain’s New York Business | 39 CN013154 9/9/09 12:29 PM Page 1

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