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REAL ESTATE Secrets of Grand Scott Rechler Sold P 20110516-NEWS--0001-NAT-CCI-CN_-- 5/13/2011 8:43 PM Page 1 INSIDE REPORT TOP STORIES REAL ESTATE Secrets of Grand Scott Rechler sold P. 15 at the top. Now he’s Central buying big-time LIST Largest NYC -- ® P. 19 PAGE 2 financings VOL. XXVII, NO. 20 WWW.CRAINSNEWYORK.COMNJ VS NYC MAY 16-22, 2011 PRICE: $3.00 Fashion retailers snub Third Avenue strip near Bloomie’s Chris Christie is staging raids PAGE 2 across the Hudson to lure Cuomo takes on jobs to his struggling Albany: why Round state. Bring it on 2 will be tougher PAGE 3 BY DANIEL MASSEY Night of the Living When a battle erupted in 1987 be- Wages: Stop this tween officials in New York and New Jersey over repositioning the Statue horror show of Liberty, Mayor Ed Koch said the EDITORIAL, PAGE 10 landmark would “stand exactly where she has stood for 100 years … facing us and showing another side of her personality to New Jersey.’’ It wasn’t the first fight between New York and its neighbor, nor was it the last. Battles over commuter taxes date back to the 1960s. More recently, a standoff between the Pataki and Whitman administrations virtually paralyzed the Port Authority of New York & New Jersey, and former Gov. Jon Corzine called Mayor Michael Bloomberg’s congestion-pricing plan an “outrageous action.” USINESS IVES Now, as the New York area struggles to recover following B L the Great Recession, tensions are again mounting between the neighbors.New Jersey,which was less-prepared for the downturn,was hit GOTHAM GIGS harder than New York City.Its recovery has also been more tepid than its cross- He digs New York, river rival. P. 27 literally Desperate to revive the Garden State’s economy, Gov. Chris Christie has launched what istockphoto ● ANNE FISHER makes a many say is an unprecedented attempt to lure businesses—some of them based in New case for avoiding VC See NJ VS. NYC on Page 25 money P. 27 ● MOVERS & SHAKERS Lawyer Jim Walden takes on bike lanes P. 28 ● GAEL GREENE shares Hotels at Stuzzicheria P. 30 Gay New Yorkers check into INDEX ready their vows boroughs THE INSIDER _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _8 SMALL BUSINESS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _12 Guv, advocates push Albany to finally act Lower room rates NEIGHBORHOOD JOURNAL _ _ _ _ _ _ _ _ _ _ _ _ _14 ber, on their 20th anniversary, draw visitors to FOR THE RECORD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _20 BY MIRIAM KREININ SOUCCAR maybe in Greenwich Village. CLASSIFIEDS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _22 underserved areas Mr. Goldman and Mr. Boehm HOT JOBS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _27 After nearly two decades to- have waited for years for same-sex buck ennis EXECUTIVE MOVES _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _27 gether, Ken Goldman and Barry marriage to become legal in New WEDDING BELL DUES: Barry Boehm and BY LISA FICKENSCHER THE WEEK AHEAD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _30 Boehm have begun making tenta- York or in New Jersey, where they Ken Goldman (from left), together for 20 THE WEEK ON THE WEB _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _31 tive plans for their long-awaited live. They have had their hopes years, may finally get to plan their big day. Ravi Patel, a 33-year-old hotel wedding. It would be this Novem- dashed before. But like thousands owner and developer, feels like an of others, they are optimistic that elder statesman in Long Island with a popular governor leading es,” said Mr. Goldman, president City as he tools around in his the charge, a measure now on the of ImproSells Workshops, a firm Jaguar,pointing out the dozen or so table in Albany will be approved in that teaches businesspeople in hotels that have sprouted in the New York before the end of the New York and New Jersey improv- neighborhood since he opened his ELECTRONIC EDITION state legislative session next isational skills to help them com- boutique property in 2008. month. municate better.“But I really think Within a one-mile radius of “I don’t want to start really it will happen this time.” The Ravel Hotel—Mr. Patel’s 63- NEWSPAPER planning our wedding until it pass- See GAYS on Page 25 See HOTELS on Page 25 20110516-NEWS--0002,0003-NAT-CCI-CN_-- 5/13/2011 8:33 PM Page 1 IN BRIEF HOPING TO EXPAND ITS BUSINESS OVERSEAS, PRUDENTIAL DOUGLAS ELLIMAN HAS established a strategic partnership with Knight Frank Residential, a U.K.-based global real estate agency and consultancy. Prudential The smartest guy Douglas Elliman and Knight Frank Residential will share and promote some of their exclusive property listings with their respective clients. The firms hope to refer business to each other and, in turn, earn commissions from closed deals. Knight Frank Residential’s luxury property listings from Europe and other parts of the globe will appear on Prudential Douglas Elliman’s website in the coming weeks, the Manhattan brokerage said. Brokerages across the city are striking similar deals to boost business. Last week, 5-month-old Town Residential partnered with property manager Cooper Square Realty. THE NEXT BLACK-CAR PARKING ZONES PROPOSED IN MANHATTAN WOULD BE THE first in a residential area—an Upper West Side strip dominated by four Donald Trump buildings.The city plans eight spots for limos along Riverside Boulevard from West 63rd to West 71st streets. If the local community board TIMING IS EVERYTHING: Scott Rechler sold his real approves, the spaces would be reserved for estate company in 2007 liveries weekdays from 6 a.m. to 4 p.m.The for $6 billion. Now he’s other eight black-car zones are primarily in the back, buying up premium financial district and midtown. n Manhattan office space. BY THE NUMBERS Weekly shift of the city’s economy é INFLATION hit its highest level in 2 1/2 years due to rises in food and gas prices. But the rapid fall of crude and other commodities in the past two weeks fueled hopes that prices will soon ease. 10.6% $140.6B 15% THE NY TIMES’ VALUE of state’s RISE in Broadway share of page Common revenue for the views for all Retirement Fund four weeks ended newspaper as of Dec. 31, up May 8 vs. year- websites in April, 6% over Sept. 30 earlier period vs. 13% in March Source: NYS Source: Broadway Source: ComScore comptroller League PORT CONTAINER TRAFFIC CONTAINED Increases in year-over-year growth in NYC imports dropped off dramatically in March after several months of gains. buck ennis Upper Third Avenue strip is Source: Port Authority of New York & New Jersey who has lived on the corner of East 71st “The apparel tenants would rather be in ADDICTED TO NUMBERS? Banks, drugstores Street and Third Avenue for 10 years and more-demand areas,” said Hal Shapiro, GET A DAILY DOSE AT @STATSANDTHECITY move in as stylish witnessed the conversion firsthand. managing director at Winick Realty Group. CORRECTIONS retailers head to The place to be Of course, upper Third Avenue is not A decade ago, upper Third Avenue was completely bereft of fresh faces. Yogawear Richard Cook is a partner at Cook+Fox Architects, which Flatiron, meatpacking designed the tower at One Bryant Park. His name was misstated the place to be. Stores were attracted by the guru Lululemon Athletica opened there in in the May 9 story “Reimagining the skyscraper.” In addition, the area’s dense residential population and 2008, and women’s apparel and gift seller staircases at the building are 56 inches wide; the dimensions BY ADRIANNE PASQUARELLI proximity to Bloomingdale’s, and retail Anthropologie has also signed on for space were misstated in the accompanying graphic. rents skyrocketed in New York-Presbyterian Hospital had 17,344 full-time and full- Attention, Upper East Siders: Your response.Now,those time-equivalent employees in New York City as of December neighborhood has lost its charm with the same retailers who 2010, making it the 12th-largest employer in the city.
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