Meatpackers in the Meatpacking District

20151116-NEWS--0001-NAT-CCI-CN_-- 11/13/2015 7:45 PM Page 1 CRAINS CRAINS ® NOVEMBER 16-22, 2015 | PRICE $3.00 NEW YORK BUSINESS

THE LAST MEATPACKERS IN THE MEATPACKING DISTRICT

THE LIST NEW YORK’S LARGEST PRIVATE COMPANIES P. 1 7

PLUS Bodegas say cut in food subsidy bites P. 12

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For the third consecutive year, NYU Langone has had the distinct honor of receiving UHC’s Award for quality and patient safety at Tisch Hospital, Hospital for Joint Diseases, and Rusk Rehabilitation. The award is given to hospitals that go above and beyond in delivering safe, high-quality, ef cient, patient-centered, and equitable care. And this year, we also received the inaugural UHC Ambulatory Care Quality and Accountability Leadership Award for outpatient care. We’d like to thank everyone at NYU Langone who worked tirelessly to make these recognitions possible.

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NOVEMBERCRAINS 16-22, 2015

FROM THE NEWSROOM | JEREMY SMERD Schneiderman’s fantasy IN THIS ISSUE 4 AGENDA BE VERY AFRAID, PEOPLE. Eric Schneiderman wants to 5 IN CASE YOU MISSED IT take down the nerds. 6 ASKED & ANSWERED Kids who grew up playing Dungeons & Dragons 8 WHO OWNS THE BLOCK and have moved on to fantasy sports are now being Demand for 10 INSTANT EXPERT palaces in the sky rescued from this grave danger by an attorney general is falling 11 REAL ESTATE who spins his protection of the government’s gambling racket as a morality play. He says his 12 SMALL BUSINESS attempted takedown last week of daily fantasy sports 13 VIEWPOINTS sites FanDuel and DraftKings was justified because they offer games of luck, not skill. He said it was the FEATURES right thing to do because fantasy sports cause “the 17 THE LIST same kinds of social and economic harms as other I can pick teams 31 FOOD forms of illegal gambling.” that are so bad 33 COVER STORY Talk about chutzpah. “ 39 Not only is the AG’s reasoning off, his moralizing I can guarantee that GOTHAM GIGS smacks of hypocrisy. Sports betting is far less harmful I’m going to lose. 40 EXECUTIVE MOVES than the lotteries and slot machines legalized by the That’s the proof 41 SNAPS state. Lotteries are the crack cocaine of the gambling 42 FOR THE RECORD world. Cheap and easy with empty promises of a life- that it’s skill 43 PHOTO FINISH changing payday. The odds are worse than awful, luck determines everything and the government always wins. The AG would rather a New Yorker with a head for numbers not bet fantasy football but instead drive to Yonkers and put $40 into a slot machine. Schneiderman says he’s just following state law: Games of luck are illegal; games of skill are not. Forget that there’s a federal carve-out for fantasy sports. The AG knows nothing about the amount of thought (skill you might call it) that goes into forecasting winners and losers, be they P. 6 ASKED & ANSWERED stocks or sports teams. “I can pick teams that are so bad I can guarantee that

I’m going to lose,” said Dink, a New York bookie turned Las Vegas sports CORRECTION: Third parties such as general contractors and owners are liable for falls under the gambler, and a friend of mine. “That’s the proof that it’s skill.” What’s at Scaffold Law, not employers. This fact was misstated in the play is money: These companies are now worth billions and though they pay Nov. 9 “Dying on the job site.” taxes (unlike an offshore sportsbook, where many bettors would otherwise be spending their money), they are undoubtedly bad for the state’s gambling monopoly—even if they are good for those who want to play them (as entertainment or as a means toward paying the rent.) Gamblers expect a judge to side with the state. After all, they’ve got a racket to protect. I’m not that cynical, nor am I a betting man. But if I were, ON THE COVER Ⅲ I’d wager Schneiderman’s fantasy will end badly for him. PHOTO: BUCK ENNIS

Can’t get enough of Crain’s? EMAIL OFFERINGS DIGITAL DISPATCHES Go to CrainsNewYork.com Keep up with the latest business news READ Nearly half of the city’s households throughout the day are using more than 30% of their income to Starting at 6 a.m. and continuing pay for rent. Low-income singles and seniors until the markets close bear the biggest burden. at 4 p.m., Crain’s provides ■ Cirque du Soleil plans two traveling shows morning roundups and next fall and one for afternoon updates on the most the spring in the > important stories affecting city. The Montreal- New York’s economy. based troupe has had a Delivered to your inbox. tough time making a splash in the Big Apple, CRAINSNEWYORK.COM/ where it has set up an NEWSLETTERS office to help it find its footing here. LISTEN to a discussion of the food busi- Vol. XXXI, No. 46, November 16, 2015—Crain’s New York Business (ISSN 8756-789X) is published weekly, except for double nesses that help make up New York’s largest issues the weeks of June 29, July 13, July 27, Aug. 10, Aug. 24 and Dec. 21, by Crain Communications Inc., 685 Third Ave., New York, NY 10017. Periodicals postage paid at New York, NY, and additional mailing offices. Postmaster: Send address changes to: private companies as well as the last meat- Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. packers in Manhattan. With music by Sontag For subscriber service: Call (877) 824-9379. Fax (313) 446-6777. $3.00 a copy, $99.95 one year, $179.95 two years. Shogun. CrainsNewYork.com/podcast (GST No. 13676-0444-RT)

NOVEMBER 16, 2015 | CRAIN’S NEW YORK BUSINESS | 3 20151116-NEWS--0004-NAT-CCI-CN_-- 11/13/2015 7:03 PM Page 1

AGENDAWHAT’S NEW NOVEMBER 16, 2015 To pay for Brooklyn Bridge Park, don’t build any more than necessary

he history of Brooklyn Bridge Park is a long-running soap opera. It started three decades ago when a hardy band of locals began pushing for a long waterfront park in a wealthy part of the borough, where green space was virtually non- Texistent. The activists created a set of guiding principles, the most sacrosanct of which was that there should be no housing in the park. It was their belief that housing makes parks feel private, deterring outsiders from using them. ART OF THE DEAL: A render- Eventually, the advocates learned how much their principles were ing of two worth in the context of a project that would cost hundreds of millions proposed of dollars. Which is to say that their lofty principles, along with $2.75, residential buildings with would pay for a subway ride. 430 units. The Pataki and Bloomberg administrations ultimately built the park on the condition that its operating and maintenance costs would be park managers’ argument that they were only building housing as a paid by the park itself, rather than be a recurring expense for taxpay- last resort. Their rationale has become: The residential market is so ers. Predictably, that led to the dreaded housing, because the infra- hot that we can afford to do this social good. A state board must structure holding up the park is being approve the change and might do so next devoured by marine organisms, and Putting a few housing-lottery winners month. consultants found the only way to into 117 units on Brooklyn’s priciest From our viewpoint, the park is the fund repairs was by allowing water- real estate, on top of a public park, social good that should be promoted here. front apartments (a four-bedroom It has been enormously successful, recently sold for $6.75 million— is a poor use of resources attracting millions of visitors, but will Hello, Brooklyn!). The folks who require hundreds of millions of dollars to conceived the park say the costs are being exaggerated but are power- maintain in the coming years. Putting a few housing-lottery winners less against the development corporation established to run the park, into 117 units on Brooklyn’s priciest real estate, on top of a public park, which now answers to Mayor Bill de Blasio. is a poor use of resources. Either the city should build only as much The latest twist is that the mayor wants to convert 117 of the 430 housing as it needs to fund the park, or it should assess how many hun- apartments proposed for Pier 6, at one edge of the park, into afford- dreds of low-income to middle-class units it could build or support able units, and to add a prekindergarten program. This undercut the elsewhere if all 430 units on Pier 6 remained market-rate. – THE EDITORS

FINE PRINT Goldman Sachs last week said 25% of its 425 new managing directors are women, the highest portion ever and up from 20% two years ago. Still, women make up 37% of the firm’s U.S. workforce, so they remain relatively underrepresented in the most-senior positions.

BY GERALD SCHIFMAN STATS 25 WORDS OR LESS DEPRESSION’S DRAG NEW YORK CITY is quietly suffering from a mental-health I’ve certainly heard crisis, hurting residents and the city’s economy. CITY AND THE “people saying, % Portion of adult New Yorkers who experience ‘Thank God my symptoms of depression each year, compared 8 with 6.7% of all U.S. adults who are diagnosed neighborhood isn’t Percentage of adult New Yorkers the sh*tty crap-hole %+ with depression who aren’t it was 25 years ago, 60 receiving proper care Health care costs for New Yorkers when I couldn’t walk $ BILLION with depression, 25.6% of citywide down the street’ 17 total health care expenditures — Deputy Mayor Alicia Glen, defending $ BILLION Yearly economic productivity gentrification in an interview with Vice loss in NYC resulting 2.4 from depression

ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY SOURCES: NYC Mayor’s Office, ISTOCK, ODA Anxiety and Depression Association of America

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AGENDA ICYMI CRAINS EDITOR IN CHIEF Rance Crain publisher, vp Jill R. Kaplan assistant to the publisher Alexis Sinclair, 212.210.0701 EDITORIAL Blending oil is a slick trick, editor Jeremy Smerd assistant managing editors Barbara Benson, but no one’s taking the heat Erik Engquist web editor Amanda Fung copy desk chief Steve Noveck IXING NEW HEATING OIL WITH USED STUFF art director Carolyn McClain is an photographer Buck Ennis old racket that’s spawned plenty of law- senior reporters Joe Anuta, Aaron Elstein, Matthew Flamm, Daniel Geiger suits. It may not be what you want to put reporters Rosa Goldensohn, M Jonathan LaMantia, Caroline Lewis in your boiler, but guess what? It may be legal. data reporter Gerald Schifman In 2013, government investigators raided the web producer Peter D’Amato columnist Greg David offices of five oil-transport companies, which led contributing editors Tom Acitelli, Theresa Agovino, Paul Bennett, customers to file two civil suits alleging the suppliers Erik Ipsen, Judith Messina, Cara S. Trager blended virgin heating fuel with used motor oil. ADVERTISING www.crainsnewyork.com/advertise Earlier this year authorities seized trucks delivering advertising director Irene Bar-Am [email protected] blended oil to NYPD and FDNY stations, according to 212.210.0133 senior account managers reports. But the outcomes suggest blending is OK, Zita Doktor, Jill Bottomley Kunkes, Rob Pierce even if customers aren’t told of it. account managers Jake Musiker, Stuart Smilowitz The more recent probe led to more than 40 truck marketing coordinator LeAnn Richardson sales/events coordinator Ashlee Schuppius drivers, dispatchers and transport-company employees being arrested last week for overbilling cus- 212.210.0282 tomers for oil, but they were not charged for their alleged blending. That might have been because last [email protected] ONLINE year a judge dismissed the two civil cases, ruling that the customers “suffered no harm” from being sold general manager Rosemary Maggiore 212.210.0237 oil with fillers.After the arrests, announced by Manhattan District Attorney Cyrus Vance (above left) and [email protected] Department of Investigation Mark Peters CUSTOM CONTENT Commissioner (above right), the DOI called blending “fairly common.” director of custom content The DOI and the Business Integrity Commission said last week that building owners should get fuel sam- Patty Oppenheimer 212.210.0711 [email protected] ples checked for impurities “regularly but randomly” at independent labs. The DOI recommended EVENTS customers contact the agency with complaints about blended oil for “a potential criminal investiga- www.crainsnewyork.com/events director of conferences & events tion.” But unless the civil-suit plaintiffs’ appeal succeeds—arguments were heard in court several Courtney Williams, 212.210.0257 [email protected] weeks ago—efforts to stop oil-blending appear to have been thoroughly diluted. – ROSA GOLDENSOHN manager of conferences & events Adrienne Yee DATA POINT AUDIENCE DEVELOPMENT Fidelis to enroll Health Republic members strategy and crisis-management director of audience & content partnership development Fidelis Care, the largest insurer on the THE NUMBER OF NEW YORK CITY firm. Kelly, 74, will leave real estate Michael O’Connor, 212.210.0738 New York State of Health, will auto- PUBLIC HIGH-SCHOOL STUDENTS firm Cushman & Wakefield, where [email protected] enroll Health Republic members, he led a risk-management unit for CRAIN’S 5BOROS CONSIDERED COLLEGE-READY www.5boros.com whose coverage expires at the end of about a year and a half. Irene Bar-Am, 212.210.0133 November, in the New York area who WHEN THEY GRADUATED INCHED [email protected] signed up through the state exchange. Sheldon Silver on trial SPECIAL PROJECTS UP TO 35% IN 2015, FROM 33% manager Alexis Sinclair 212.210.0701 Failed insurer Health Republic had Sheldon Silver’s fraud trial contin- [email protected] about 56,000 New York City members A YEAR EARLIER ued last week with revelations that REPRINTS as of March 31. It’s unclear how Health three-quarters of the money he reprint account executive Krista Bora 212.210.0750 Republic members who purchased made at law firm Weitz & PRODUCTION insurance outside of the state Luxenberg came from referrals of production and pre-press director exchange will be protected. would help it compete against patients by oncologist Dr. Robert Simone Pryce media services manager Nicole Spell Netflix and Amazon. Taub, who testified he did so in SUBSCRIPTION CUSTOMER SERVICE Piece of Hudson Yards tower is for sale exchange for $500,000 in grant www.crainsnewyork.com/subscribe Coach is selling its 40% share in 10 Barry Diller woos Angie money from the state. – AMANDA FUNG [email protected] Hudson Yards, the first tower that Media mogul Barry Diller’s 877-824-9379 (in the U.S. and Canada). $3.00 a copy for the print edition; or $99.95 will be completed in the emerging IAC/InterActiveCorp is offering to one year, $179.95 two years, for print far West Side neighborhood. In buy consumer-review site Angie’s subscriptions with digital access. to contact the newsroom: 2013, the handbag purveyor paid List for $512 million in cash. The www.crainsnewyork.com/staff $530 million for the stake. As part of offer is a 10% premium above the 685 Third Ave., New York, NY 10017-4024 the sale, it intends to lease back its site’s current share price. IAC is phone: 212-210-0100 fax: 212-210-0799 office at the 52-story building and thinking about combining Angie’s Entire contents ©copyright 2015 Crain Communications Inc. All rights remain its anchor tenant. List with its HomeAdvisor business. reserved. ®CityBusiness is a registered Angie’s List, which has struggled trademark of MCP Inc., used under license agreement. Goodfellas mobster cleared since going public in 2011, is enter- CRAIN COMMUNICATIONS INC. Vincent Asaro, an 80-year-old taining the offer. Target expansion BOARD OF DIRECTORS mafioso connected to the Bonanno chairman Keith E. Crain The big-box discount retailer is crime family, was acquitted of racket- Cellphones underground president Rance Crain planning to open its second treasurer Mary Kay Crain, Cindi Crain eering charges that he helped plan the Thirty-seven subway stations in the Manhattan store. Target has executive vp, operations William Morrow notorious 1978 Lufthansa cargo termi- Bronx and northern Manhattan now executive vp, director of strategic leased 48,000 square feet at 255 operations Chris Crain nal heist at JFK airport, which was offer cellphone service and free Wi- Greenwich St., in a space that executive vp, director of corporate depicted in the popular 1990 Robert Fi. The expansion is part of a $200 operations K.C. Crain struggling grocer Fairway was De Niro movie Goodfellas. Asaro also million project to wire 279 stations senior vp, group publisher David Klein supposed to occupy. Target’s first vp/production, manufacturing David Kamis was found not guilty of extortion. citywide. Next up are 84 stations in chief financial officer Thomas Stevens Brooklyn. New York City location was in East chief information officer Anthony DiPonio Hello, Hulu Harlem, where it debuted in 2010. founder G.D. Crain Jr. [1885-1973] K2 hires Kelly Its new store will open in October chairman Mrs. G.D. Crain Jr. [1911-1996] Time Warner is in talks with Hulu to secretary Merrilee Crain [1942-2012] buy a 25% stake in the online Former Police Commissioner Ray 2016, a few months after Brooklyn streaming site. The deal would value Kelly was named vice chairman at and Queens outposts debut.

AP IMAGE Hulu at more than $5 billion and K2 Intelligence, a corporate-

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AGENDA ASKED & ANSWERED HEALTH CARE

DR. RICHARD PARK INTERVIEW BY JONATHAN LAMANTIA

r. Richard Park has shaken up New York City’s health I would never care industry with his CityMD walk-in clinics, an have made it at urgent-care chain with 48 clinics, many of them “ Goldman Sachs. added through a December 2013 merger with DPremier Care.The company is now looking to New Jersey for new I’m just not that business. It recently struck a deal with Hackensack University type of person Medical Center to open five locations. But CityMD has had a somewhat chilly reception from insurers and primary-care clinicians who have doubts about the chain’s ability to keep people healthy.

As a doctor, why did you go into business? My entire life I’ve been in retail. The Korean thing is we open stores, we close stores. My family had restaurants, a bag factory, but mostly retail. We kept on closing. I got used to going bankrupt and refrigerators turning off. But I like taking caring of people. My dad said, “You will never make it in business. Stick to something else.” It turns out the only way I could be successful in business was to do something where you serve others, like health care. I would never have made it at Goldman Sachs. I’m just not that type of person.

How did CityMD get started? Did you have plans for a chain? Nothing grand like that. We opened one site on East 86th Street between First and Second avenues. Around 2010, the real estate market softened. Everyone was afraid. Rent literally was cut in half. DOSSIER Our landlord, Al Glick, lent us money. We didn’t even have the money. NAME Dr. Richard Park I’m very thankful. Every year I send him a bottle of kosher wine, although he’s not kosher, it turns out. WHO HE IS Chief executive, CityMD What differentiates CityMD from other urgent-care chains? AGE 42 BORN Flushing, Queens The crux of it is we love people. It’s trite, but it’s true. When we yell at people or our staff yells at each other, it’s because we’re upset when RESIDES Roslyn Heights, patients aren’t cared for, or when they wait too long. L.I. EDUCATION University of Do you coordinate patients’ care with other doctors? Pennsylvania, B.S. in economics; Albert Einstein Aftercare is software that we built on top of our electronic medical College of Medicine, M.D. record; it’s paired with 120 people at our call center in Uniondale, L.I. FALSE START Before Park We will do 2.2 million clinical phone calls this year. We do more went to medical school and co- telemedicine than telemedicine companies. Our job in this founded CityMD, he owned and “population health” world is to flag things and refer them. Identify and operated a one-hour photo notify. We flag three things: hypertension, prediabetes and establishment. The venture was depression, when [patients] could come in for an ankle sprain or short-lived, with the rise of digital something utterly different. cameras sealing its fate RIBBON CUTTING CityMD What about follow-up care? opened its newest location, in Clifton, N.J., on Nov. 9 Ultimately, any time a patient has a primary care doctor, that doctor ON EVERY CORNER: It has 48 should get a report. That is not happening today. It will happen. We’re locations in New York City, Long now working with hospital systems and large health practices. The Island, Westchester, Rockland and next stage, through next year, is getting information to the lone wolf. New Jersey

Do you take business from primary care doctors? BUCK ENNIS We don’t do primary care.

What about sites where many people are on Medicaid? We have a location in Harlem, and there are places in central and southern Brooklyn where we’re going to open. We want—methodically and slowly—to take care of everybody.

You once told me that you were “losing your shirt” in Jackson Heights. We still are. Part of our purpose is not just to be profitable. It’s to make places better. Ⅲ

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AGENDA WHO OWNS THE BLOCK REAL ESTATE

420 ALBEE SQUARE

At long last, a new office tower for Brooklyn City pushes developer to forgo residential after rezoning spurred apartment boom

BY TOM ACITELLI

he Bloomberg administration, more than a decade ago, rezoned a diagonal swath of downtown Brooklyn, from the future Barclays Center to the waterfront Tnear the Brooklyn Bridge, to spur more office con- CAR PARK WILLOUGHBY SQUARE PARK struction in the area. But a hot condo market instead (AND THE GARAGE UNDERNEATH) triggered a boom in apartment towers. The city owns this approximately one-acre In that vein, JEMB Realty, a privately held real plot that covers much of the block’s north- estate firm in downtown Manhattan, bought a ern half. It has leased the land and the space below it to an affiliate of the vacant parking lot along Albee Square West in early American Development Group, which is 2014 and filed plans to construct a 65-story tower currently building out the green space as well as a 700-car garage underneath it. with 620 apartments and some commercial space. Work began late last year. Then last week, the developer pivoted sharply. JEMB and the de Blasio administration announced BROOKLYN HEIGHTS plans for a 40-story, 600-foot tower with 400,000 420 ALBEE SQUARE square feet of office space. Suddenly, apartments JEMB Realty acquired the parking were out. JEMB’s tower at 420 lot where it will build a 600-foot tower for $38.5 million from a Albee Square will be family that had owned it for years. Brooklyn’s tallest, as well as MANHATTAN CONNECTION The developer is expected to fin- 229 DUFFIELD ST. ish the office tower by 2018. the first commercial building of any significance construct- Officially, six different limited-liability corporations own the building that contains the Hotel Indigo, which InterContinental ed since the rezoning in 2004. operates. All of the LLCs, however, including JLam III Duffield The change came at the and Lam Generation Duffield, are registered at 202 Centre St., urging of the city, which sold the Manhattan home of the Lam Group, a family-run real estate investment and development firm. The building was owned until the developer 120,000 square recently by an LLC controlled by Ben Nash, founder of cellphone feet of air rights on the condi- company PCS Wireless. Nash earlier this year donated $250,000 to U.S. Sen. Ted Cruz’s presidential campaign. tion that it build commercial. The city had used eminent domain to clear some smaller houses from the block, including ones reputedly used as stops along the Underground Railroad.

The tower will make a rather busy GOWN AND TOWN block busier with more construc- 255 DUFFIELD ST. GHOST LIGHT tion. In 2013, the city struck a deal 245-249 DUFFIELD ST. Berkeley College’s Brooklyn campus domi- with another developer to carve out The two-story building is owned by a nates this building, which a firm called Allied a one-acre green space at the seemingly impenetrable limited- Property Group acquired in 2007. Michael liability corporation called E&R 249 Chera, scion of the real estate family from block’s north end. In return, the Duffield Holding, which acquired it in Brooklyn, controls Allied Property Group, which developer gets to build and manage 1992 from United Artists Properties. is based in Manhattan. That firm ran the Duffield Theater a giant parking garage beneath the there. According to Brownstoner, the future Willoughby Square, which Duffield, already struggling, closed in 1991 after a shooting during a showing officials have called Brooklyn’s of New Jack City. A Planet Fitness now answer to Bryant Park. occupies the building. The park could open as soon as next year, just in time for plenty of foot traffic from the borough’s tallest spire around the corner. Ⅲ

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AGENDA INSTANT EXPERT TRANSPORTATION BY BRENDAN O’CONNOR Why it’s taking decades to build the Second Avenue subway [in 5 steps]

THE ISSUE Arguably the most anticipated mass-transit project in the city’s history, the Second Avenue subway is scheduled to THE PLAYERS 1 open for service in late 2016. The so-called Phase 1 will The MTA, with more than 8.5 extend Q train service from its current terminus at 63rd Street million daily customers, is the and Lexington Avenue to new Second Avenue stations at 72nd, 2 largest public-transit provider in 86th and 96th streets and serve 200,000 riders a day. The bad the Western Hemisphere. Five of the news: The Metropolitan Transportation Authority’s capital plan 19 members on its governing approved late last month reduced funding for Phase 2—which board—including the chairman and will add three more stops up to 125th Street—by $1 billion, CEO—are nominated by the meaning construction on that section cannot even begin until governor, so MTA Chairman Thomas at least 2020. The MTA says prolonged funding negotiations Prendergast (right) takes his delayed planning and acquisitions, making it impossible to marching orders from Andrew begin tunneling anytime soon. But transit advocates say the cut Cuomo. Elected officials including simply saved money for the agency at Harlem’s expense. Reps. Charles Rangel and Carolyn Maloney have applied pressure, too. Thus Prendergast vowed to look into ways to move the project forward more quickly and said the MTA would amend the capital plan if they pan out. Previously he’d said the $535 million in the 2015-2019 capital plan “reflects the work we can realistically accomplish in the next four years.”

YEAH,BUT... First proposed in “It is outrageous and screams of inequality,” SOME BACKSTORY 1919, the line said state Assemblyman Robert Rodriguez, who With 1.3 million riders per will remain 3 represents East Harlem, claiming that the more- day, the Lexington Avenue incomplete for affluent residents of the Upper East Side rather than 4 subway is the busiest in the his constituents are again getting the benefits of country, serving more commuters the foreseeable public spending. The MTA also faced criticism for than the transit systems of future burying the billion-dollar change inside a 237-page Boston, Chicago and San capital proposal, while board members didn’t Francisco combined. That is the publicly debate the cut before voting unanimously to primary rationale for building the approve the capital program. Second Avenue line. But New Yorkers have been waiting for this train for nearly a century. First proposed in 1919, the project has been bedeviled by WHAT’S NEXT false starts and endless delays, always for a lack of funding. The new funding proposal won’t Aborted attempts include the be official until approved by the demolition of the elevated lines 5 state’s Capital Program Review along Second and Third avenues Board, and state legislators have in the 1940s and ’50s, and promised to take up the issue when digging roughly 27 blocks’ worth their session begins in January. The of new tunnels in the 1970s. The MTA insists that it remains committed current and most substantive to completing the Phase 2 extension, effort began in 2007, albeit with citing as proof the half-billion dollars its a promised Phase 1 completion budget allocates for tunnel date of 2013. When all four preparations. But given the history, a phases are complete, the line will completion date is anyone’s guess. stretch 8.5 miles from 125th “It’s a complicated project,” said Street to Hanover Square and will Mayor Bill de Blasio, who was criticized for signing off on the capital plan despite the Second Avenue incorporate many of the tunnels funding cut. “The first phase has taken a long time, much more than any of us could have imagined. dug decades earlier. I think [the new budget] was bluntly an admission that the second phase will take quite a while.” BUCK ENNIS, BLOOMBERG

10 | CRAIN’S NEW YORK BUSINESS | NOVEMBER 16, 2015 20151116-NEWS--0011-NAT-CCI-CN_-- 11/13/2015 12:02 PM Page 1

AGENDA REAL ESTATE

The building, which are New Yorkers, he Desire wanes for pricey has been under construc- said. The remaining tion since 2011, is set to 35% of buyers are from palatial condos be completed in mid- a host of countries, 2016. including China, Russia Full-floor units at 432 Park Ave., the city’s tallest luxury tower, are cut in two BY DANIEL GEIGER Wallgren estimated and Brazil. the average age of buyers “We have local New uyers may be ranging from $7 million 96th floor. The sales fig- of this month or in at about 55 and said sev- Yorkers who will raise losing their for a handful of one- ures have made the $1 December, depending eral will use their apart- toddlers here and have Bappetite for $50 bedrooms all the way up billion project a success, on when the developers ment as their primary young children who million-plus pads. to $95 million for the Wallgren said. Closings receive a temporary cer- address. About 65% are go to Upper East The developers of spire’s 8,000-square- for the apartments will tificate of occupancy from the U.S. Within Side private schools,” 432 Park Ave.—CIM and foot penthouse on the begin either by the end from the city. that group, about half Wallgren said. Ⅲ Harry Macklowe—have split five full-floor apartments at the 1,396-foot tower in half. With several other high-profile condo projects underway, sales at 432 Park Ave. LIVE have been closely watched as a bellwether for the super-high-end segment of the city’s WORK residential real estate market. Some observers are becoming wary that there aren’t enough PLAY buyers who can afford apartments priced in the tens of millions of dollars—an increasingly common figure for the latest crop of ultraluxu- ry condos. In a move that may concern some, full- floor apartments on floors 91 to 95 of the Park Avenue tower have been divided into 3,977- and 3,952- square-foot residences. The smaller units have asking prices of $40.3 million and $39.8 million, respectively. The slicing comes as the sale of the palatial pads has slowed. That’s far less than the asking price for full-floor units. One Where Businesses full-floor apartment Meet remains available at the property—an 8,000- square-foot unit on the 88th floor. The developers are asking $76.5 million for it. Richard Wallgren, an executive vice president at Macklowe Properties who is lead- ing sales and marketing at 432 Park Ave., said the decision was made on a bet there will be more buyers willing to For more neighborhood features and perks, bite at a lower price download our mobile app: Love the Avenue point. So far, more than 70% of 432 Park’s 106 units are in contract to be sold, with prices

NOVEMBER 16, 2015 | CRAIN’S NEW YORK BUSINESS | 11 20151116-NEWS--0012-NAT-CCI-CN_-- 11/13/2015 2:56 PM Page 1

AGENDA SMALL BUSINESS

Bodegas worry that food-benefit cut could kill their businesses

Change to nutrition program would increase ‘food deserts,’advocates say BY ROSA GOLDENSOHN

housands of change would weed out is even higher for stores apply to accept WIC small stores small stores while still in “food deserts”—areas only if they are in a ZIP risk being allowing larger super- with few grocery op- code with a ratio of 250 dropped from markets to accept WIC tions. WIC recipients for every agencies with state con- tions pushing bodegas Ta food-subsidy program checks. WIC is a “nutrition cash register in a WIC tracts to manage WIC to stock healthful food. for low-income moth- Accepting WIC is prescription,” accord- store, up from 75 per vendors. Bodegas are instrumen- ers—a change that some “very, very important” ing to Kate MacKenzie, vendor now. Whittling down the tal in the strategy to bodega owners said for business, said Ramon director of policy at the number of stores that improve nutrition in would crush them. Murphy, president of anti-hunger nonprofit Improving oversight accept WIC, the state food deserts, and the A state Department the Bodega Association, City Harvest. About Health Department argues, will drive shop- new rule could impede of Health proposal which represents the 350,000 city residents— officials said in a regula- pers to the remaining access for recipients. would reduce the num- city’s 15,000-plus small all new mothers and tory impact statement WIC-enrolled locations, “If I’m not able to ber of shops authorized stores. His Red Apple children under 5—use that having fewer shops improving their busi- redeem my voucher, to accept the Women, market on West 143rd the checks to buy milk, participating would ness and allowing them I’m impacted,” Mac- Infants, Children pro- Street in Harlem does fruit, vegetables and improve its oversight to stock more WIC- Kenzie said. “If the store gram, or WIC, in an 15% of its business other staples. of the program. The approved foods. That on my corner is not attempt to ease the bur- under the program, and Under the state’s decrease would lighten would cut down on the open, I’m going to be den of managing it. The Murphy said the figure proposal, stores could the caseload of the five motivation for WIC impacted.” fraud, they say. WIC The rule change vendors have been would allow stores in known to give cus- any ZIP code to accept tomers cash for WIC WIC if their sales exceed checks, which they $5 million a year, an then redeem at full exemption that bodega value from the state. advocates say favors In 2013, more than a supermarkets. About dozen store owners 70% of the city’s 3,200 and employees, mostly WIC-accepting vendors from two families, were are small businesses arrested for a WIC-for- with one or two cash cash fraud scheme in registers, according to the Brooklyn, Queens the state. and Manhattan China- The proposal would towns. also require new busi- The department did nesses to wait a year not respond to requests before applying to for comment, nor accept WIC. That provi- did the two organiza- sion would kill new tions charged with bodegas, especially monitoring WIC ven- those in low-income dors in the city: neighborhoods, accord- Montefiore Medical ing to Murphy. Center and Public “A lot of potential Health Solutions. customers have WIC,” he said. “If I don’t Access to food have a license ... I’m WIC is much stricter going to lose the sale, than the food-stamp I’m going to lose the program in what users revenue, and in the can buy: medium or end, it’s going to be large eggs, but not hard for me to keep jumbo or free-range; the store open.” light tuna, but not alba- The statistics indi- core; plain yogurt but cate that fewer than a not flavored; and no quarter of bodegas meat, sweets or snacks. accept WIC. Some Only two brands of store owners said they nonkosher baby food, don’t want to deal Beech Nut and Gerber, with the red tape. are permitted. Recip- If the proposal pass- ients earning up to es, perhaps early next 185% of the federal year, current WIC ven- poverty level qualify. A dors would reapply at family of three’s income the end of their three- limit is $37,167 a year. year contracts. New Community health retailers “may not be experts said the new authorized” in the rule would set back interim, according to Ⅲ NEWSCOM years of work by coali- the impact statement.

12 | CRAIN’S NEW YORK BUSINESS | NOVEMBER 16, 2015 20151116-NEWS--0013-NAT-CCI-CN_-- 11/13/2015 2:02 PM Page 1

AGENDA VIEWPOINTS

Divided, business will lose wage fight CUOMO’S MINIMUM-WAGE PLAN Failure to compromise could trigger election-year payback by the governor NYC NYS 2016 $10.50 $ 9.75 WITH GOV. ANDREW ees. The same arguments dominated York City and the Retail Council. 2017 12.00 10.75 CUOMO intensifying the Republican presidential debate Partnership President Kathryn 2018 13.50 11.75 his effort to enact a last week. Wylde has said publicly that some 2019 15.00 12.75 $15 hourly minimum The first front in their effort is to increase in the minimum wage is 2020 15.00 13.75 wage, the business appeal the Cuomo wage-board appropriate to aid struggling work- 2021 15.00 14.50 community is hope- decision to lift pay for fast-food ers, but that moving to $15 too 2022 15.00 15.00 lessly split over both workers to $15. The National quickly would be damaging to the policy and tactics. Restaurant Association is contesting state’s economy. The Retail Council GREG DAVID The “no-no-no” the decision before an administra- has taken the same position. The polls in swing Senate districts. If his group has coalesced tive panel, and when that fails (the hope is to work out some sort of proposal fails, the governor will be around a primarily upstate coalition panel is made up of Cuomo compromise. compelled to work aggressively on that includes the Business Council of appointees), it will go to court. Not surprisingly, the issue will be behalf of Senate Democrats. New York State, the National Limiting the power of wage boards decided by the Senate Republicans, Republicans need to avoid an angry Federation of Independent Bus- is crucial to eliminating a weapon who last spring blocked the gover- governor campaigning against them inesses and the New York Farm that can be used if the legislature nor’s proposal for a more modest where their seats are at risk. Bureau. As in the past, they oppose won’t approve the governor’s plan. increase at the behest of the no-no- The no-no-no position is any increase in the minimum wage Then the no-no-no alliance’s no faction. That decision backfired increasingly untenable tactically and are now armed with a study by task will be to win a media cam- badly because it prompted Cuomo and on policy grounds—the vast the Empire Center, which claims paign emphasizing the job-loss to adopt the $15 wage—first for fast- majority of economists reject the that the governor’s plan will cost argument to dampen public enthu- food workers, then for state Empire Center’s conclusions. A the state at least 200,000 jobs, with siasm for the increase, especially employees and now for everyone. united business community would the emphasis on “at least.” upstate and in the suburbs, where The difference between last be in a better position to influence a They contend employers won’t polls show much less support than spring and next year is that 2016 is compromise. Ⅲ expand, will replace entry-level jobs in the city. an election year. The presidential with technology, and will hire more- The “let’s talk” group is exem- race will bring hundreds of thou- GREG DAVID blogs regularly at qualified but fewer overall employ- plified by the Partnership for New sands of Democratic voters to the CrainsNewYork.com.

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NOVEMBER 16, 2015 | CRAIN’S NEW YORK BUSINESS | 13 20151116-NEWS--0014-NAT-CCI-CN_-- 11/13/2015 12:03 PM Page 1

AGENDA VIEWPOINTS

street level, with full- while they may not be another means of Super idea: basement units length windows and reg- handicapped-accessible, egress, as well as ramps ular ceiling heights. Many there is no reason they and other nonsensical Drop-in centers for the homeless; selling the family business superintendents would should not be legalized. requirements? gladly have part of their Please tell me which New With some simple A low-cost The mayor wants to Every apartment pay be a free apartment in York City walk-up is changes, the mayor can housing solution increase affordable building, six-family the basement, and this ADA-accessible. Isn’t it reach at least 25% of his Your editorial “A small units. About 20,000 to and up, has a base- would free up the units safer to live in a basement 10-year goal before the solution to one of the 50,000 potential units ment. Many of them they are occupying on the unit than on the sixth end of 2016—no subsi- city’s biggest problems: could be created within have windows as well higher floors. floor of a walk-up? You dies required. housing costs” (Nov. 2) six months at a nomi- as at least one other In addition, some larg- can climb out the base- BARRY GOTTEHRER recommended some nal cost, and every means of egress, very er buildings have room for ment windows to a rear President very valid ideas to help landlord would jump at often two. Many base- more than one apartment yard, so why in the world Manor Properties Group reduce housing costs. the opportunity. ments are actually at in the basement, and should there need to be Reverse Bloomberg’s ill-fated move Excellent piece on New York City’s homeless problem (Instant Expert, Oct. 12). However, as a former deputy commissioner at the Department of Homeless Services, I would like to add another important step to reduce street home- lessness. The city needs to reopen the drop-in centers that were closed during the Bloomberg administration. These offer the homeless food, clothing, showers, medical attention and the opportunity to be eval- uated by a social work- er. They are truly an oasis for the homeless who are reluctant to go into a shelter. Their nightly capacity was cut from 1,000 to only 500 about six years ago. This administration should open more centers to at least equal the former capacity or even increase that capacity. ROBERT MASCALI Brooklyn

Singing the blues for guitar shop Re “Playing out the string” (Nov. 2): Clearly, the majority of the value of the Mandolin Brothers lies in the fact that it is a family busi- Sometimes life pulls you in unexpected directions. ness carried on from the great man who founded Our insurance plans help it. Selling the business destroys this value. Talent and passion keep your business on track. clearly have a genetic component. Finding health insurance to meet your employees’ needs as well as your bottom line can be complicated. ANTHONY AUCIELLO We help make ﬁ nding the right plan simpler, while our broad Oxford Metro Network helps make getting care easier. Which is a healthy solution for everyone. CRAIN’S WELCOMES SUBMISSIONS to its opinion Contact your broker visit uhc.com/metro pages. Send letters to letters@crainsnewyork NY-15-583 Premium rates, plan designs, and/or the new Metro network have been ﬁ led and are subject to approval by regulators. Oxford HMO products are underwritten by Oxford Health Plans (NY), Inc. Oxford insurance products .com. Send columns of are underwritten by Oxford Health Insurance, Inc. 475 words or fewer to opinion@crainsnewyork .com.

14 | CRAIN’S NEW YORK BUSINESS | NOVEMBER 16, 2015 20151116-NEWS--0015-NAT-CCI-CN_-- 11/13/2015 12:04 PM Page 1

AGENDA VIEWPOINTS

or customers would benefit from cost from Nav Canada that privatization Ground the plan to privatize advantages as a result of privatization. will improve operational reliability or Ⅲ Zero analytical data comparing pub- the customer experience. nation’s air-traffic control lic versus private ownership. What it will do is add uncertainty The closest major Canadian airport to the very stable current system and NYC’s congested airspace is no place to experiment BY CAPT. STEVE DICKSON to Toronto Pearson International—the foster silos that stymie efforts between country’s busiest—is 225 miles away. operators and the FAA to continue he airspace above and nation. Studies have shown that up In New York, JFK, LaGuardia and improving airspace in New York and around New York City was to 70% of the nation’s delays and Newark are 10 to 21 miles apart from beyond. once notorious for conges- cancellations can be traced back to each other, handle as many flights in As a data-driven company, Delta is tion that snarled air traffic congestion in the New York City area one day as all of Canada’s airports constantly evaluating and tweaking Tnationwide. But planes here have airspace. combined, and encounter some of the our operation so we can deliver the been moving a lot more efficiently in Supporters of privatizing the most severe weather the country has best experience and product to our recent years, thanks to a joint effort by nation’s Air Traffic Organization, to offer. customers. But when we looked for the Federal Aviation Administration, which provides air navigation services From Delta’s perspective, the cur- data showing that privatizing air- U.S. airlines and other stakeholders to across the U.S., point to Nav Canada— rent U.S. air-traffic control system is traffic control would be an improve- reduce delays and cancellations. a private group that controls that more efficient and cost-effective for ment, we did not find any. And New Travelers flying Delta, for example, country’s air traffic—as an example of taxpayers and passengers than any York’s congested airspace is no place have enjoyed a 66% decrease in the a system that works. Last year, I trav- privatized ATO alternative, and just as for experimentation. number of New York flights that eled with five Delta leaders to Nav safe. It operates at 97% capacity, with Delta agrees that improvements to return to the gate before takeoff. And Canada’s headquarters in Ottawa to controller efficiency higher than that our current air-traffic control system our taxi times between gate and take- see if there was any evidence that the of virtually all other industrialized are needed. Great progress has already off have dropped by nine minutes system would benefit the U.S. nations, including those with private been made on this front through years during snowstorms, thunderstorms We learned that Nav Canada’s pri- systems. of research and implementation of and other irregular operations. vatization model may work well for While privatization supporters say NextGen technologies and operational All this progress is now at risk Canadian airspace, which is about their proposal will modernize the U.S. capabilities, and we need to focus on under proposed congressional legisla- one-tenth of the scale and complexity airspace, it appears their only focus is continuing this momentum. Any tion that would privatize the nation’s of U.S. airspace. But the lack of any removing the organization’s funding effort to separate the ATO from the air-traffic control system in a scheme solid data from Nav Canada that would from congressional oversight and FAA will create a distraction that will that would separate it from the FAA. have supported a move to privatiza- empowering an unelected board to set back these efforts for years and It’s basically a gamble that assumes tion in the U.S. was startling. raise fees on the traveling public. once again position New York as the a private group would get better We came back with: Privatizing air-traffic control will primary driver of U.S. delay and can- results. Ⅲ Zero quantifiable data showing not address structural issues that will cellation issues. The stakes for the New York area operational efficiency or improve- always exist, such as the proximity of are enormous. In terms of flight ments as a result of privatization. high-volume airports in the Capt. Steve Dickson is senior vice presi- delays, as New York goes, so goes the Ⅲ Zero data to suggest that U.S. airlines Northeast. And there is no evidence dent, flight operations, at Delta Air Lines.

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NOVEMBER 16, 2015 | CRAIN’S NEW YORK BUSINESS | 15 DETROIT HOMECOMING 2015 BROUGHT MORE THAN 170 EXPATS BACK TO THEIR HOMETOWN TO RECHARGE, REINVEST AND REDISCOVER THE CITY.

SECOND ANNUAL DETROIT HOMECOMING Crain's Detroit Business invited 170 prominent Detroit area "expats" to reconnect with their hometown, see first-hand the reinvention taking place, and discover opportunities to reinvest in Detroit. Maybe The Detroit Homecoming was historic. But we know it was just a beginning. The “expat” Detroiters are now on a mission to make a diff erence in their hometown. You can read about it — and see the video — at detroithomecoming.com.

“Detroit's foundation is rooted in innovation, and that's evident by the great “For years, when asked about Detroit, I've replied that it's not just people it produces. I leave this year's event extremely confident that Detroit where your grow up, it's a heritage. Becoming connected with so many will flourish again, and soon. I can feel the momentum continuing to build.” other expats, who feel the same way, will help create conscientious and ANDREW MOERS, President, Ask Partner Network at Ask.com, a division of IAC thoughtful contributions to Detroit.” MICHELE VARIAN, Owner, Michele Varian “I was truly humbled and inspired by all of the amazing and wonderful things my fellow expats are doing and have committed to doing for the “In 25 years of participating in various events, the 2015 Detroit Homecoming great city of Detroit. Meeting expats from all over the globe who are not only made a lasting impression. The opportunity to directly see and hear about visionaries but disrupters who are helping to foster the change taking place the tangible progress being made in Detroit was incredible.” has inspired me to come back and also make a diff erence.” BILL KOTCHER, Vice President, Superior Supply & Steel ANDREA DESY, Broker, Douglas Elliman Real Estate “The Homecoming went above and beyond all of my expectations. I “Homecoming opened my eyes to all the amazing passion, activity and was blown away by the enthusiasm, and the subsequent excitement results that are rebuilding the city of Detroit. I came away thinking there of fellow expats to talk and engage aft erwards to find out synergies to is no better canvas for a young entrepreneur to make impact than what work together. I am very excited for next year and bringing one of my we have going in Detroit.” businesses back to my hometown.” NICK SHAH, Co-founder and COO, Ampush SHAWN WARD, President, Ward & Fift h Consulting ATTENDEES INCLUDED Jay Adelson, General Partner, Center Electric | Shane Battier, Co-founder, The Battier Take Charge Foundation |Martha Boudreau, EVP and Chief Marketing & Communications Off icer, AARP Gwendolyn Butler, Vice Chairwoamn, Capri Capital Partners | Bradley Cooper, Managing Director, Capital Z Partners | Laurent Crenshaw, Head of Federal Public Policy, Yelp | Kerry Duggan, Associate Director for Policy, Off ice of Vice President Joe Biden |Ron Fournier, Senior Political Columnist, National Journal | George Gervin, Marketing Director, George Gervin Foundation | Elzie “LZ” Granderson, Columnist, CNN and ESPN | Deborah Hopkins, CEO, Citi Ventures | Mike Jbara, EVP of Technology and Business Processes, Warner Music Group | Randall Kaplan, Managing Member, JUMP Investors | Adriana Karaboutis, EVP of Technology and Business Solutions, Biogen | Christopher Keogh, Regiona Head of Private Wealth Managmement, Goldman Sachs | Charlene Li, Principal Analyst, Altimeter | David Maraniss, Associate Editor, Washington Post | Karen McDonald, Head of Talent Management, Zurich North America | Ann Marie Petach, Board Member, JLL & BlackRock Institutional Trust Lisa Pollina, Board of Directos, Ritchie Bros. Auctioners | John Rhea, Managing Partner, RHEAL Capital Management | Teresa Sebastian, President and CEO, The Dominion Asset Group | Actor Tom Skerritt | Michael Soenen, CEO, Soenen Capital | Lauryn Williams, Olympian and President, Lauryn Williams Inc. | Bob Woodruff , Correspondent, ABC News

Find out what happened and keep up News, information, video and photo galleries with future plans as they unfold. available at DetroitHomecoming.com

Full page doc IN CN.indd 1 11/9/2015 3:30:01 PM 20151116-NEWS--0017-NAT-CCI-CN_-- 11/12/20158:34PMPage1

BUCK ENNIS RV T COMPANIESPRIVATE LARGEST YORK’S NEW THE LIST THE LIST SPOTLIGHT ON: THE BUSINESSESTHAT FEEDAGROWING CITY THE BUSINESSESTHAT FEEDAGROWING CITY OEBR1,2015 NOVEMBER 16, H LIST THE | AGS RVT COMPANIES PRIVATE LARGEST | RI’ E OKBUSINESS YORK CRAIN’S NEW | 17 17 20151116-NEWS--0018,0019-NAT-CCI-CN_-- 11/12/2015 7:05 PM Page 1

THE LIST NY AREA’S LARGEST PRIVATELY HELD COMPANIES Ranked by 2014 revenue

NEW YORKERS GOTTA EAT, but feeding a teeming metropolis is no easy feat, especial- thin margins and changing tastes that are increasingly leaning toward healthy. See our ly when you consider that 96% of Gotham’s food is trucked into the city. That’s where story on Page 31 about Kind Healthy Snacks (No. 61) for more on that. the food makers, distributors and retailers on our list come in. These are the local com- On the following pages, we note the players in the city’s food ecosystem and the panies that provide meat, seafood, milk and sundry other goods—and the supermarkets challenges they face. That includes the large meat distributors Nebraskaland (No. 57) that stock those products. Some are familiar names, like A&P (No. 7) and Goya Foods and Vista Food Exchange (No. 62) that operate out of the Hunts Point market. Aaron (No. 21) or Cumberland Packing’s (No. 92) Sweet’N Low and Sugar Foods’ (No. 44) Elstein writes about them in his story on the last meatpackers in the meatpacking Blue Diamond almonds. What they have in common is a competitive landscape, razor- district (Page 33). We hope you dig into these details and come back for seconds.

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COMPANY SPOTLIGHT A&P faces final checkout, while Gristedes restocks Great Atlantic THIS IS SURELY THE LAST TIME the Great Atlantic & Pacific Tea Co. avoid a similar fate for Gristedes. Sales at its 29 Manhattan locations & Pacific Tea will be on this list. The company, better known as A&P, had $5.5 bil- last year dropped 7%, to $191 million, according to Food Trade News— lion in revenue last year but filed for bankruptcy in July. It is trying to an even steeper drop than the 6% fall at A&P stores. Catsimatidis has Red Apple liquidate its supermarket chains—well-known banners A&P, Food committed to spending $10 million to modernize those stores, many Group Inc. Emporium, Pathmark and Waldbaum’s—to rivals such as Key Food of which haven’t seen a face-lift in years and have lost customers to and Stop & Shop. But the company has not found a buyer Trader Joe’s, BJ’s Wholesale and Fairway. Catsimatidis used for one-third of its stores, the last of which is scheduled to money he made in supermarkets years ago to invest in oil close by the end of the month—sale or no sale. Either way, refining, earning a $3 billion fortune, and it’s the source of the sites are more valuable for their real estate than pro- 61 most of his company’s $5.5 billion in revenue. He is confi- #7 duce. “I’m quite sure whoever buys the properties won’t AVERAGE RANK dent New Yorkers will embrace the newly refurbished make them supermarkets,” said Peter Schaeffer, a retail of food companies, Gristedes, but it could take a while. As one customer noted expert at financial advisory firm GlassRatner. 16 spots higher in a recent Crain’s story, Gristedes “successfully combined Meanwhile, Red Apple Group (tied at No. 7), John than the average Whole Foods prices with C-Town-quality food.” Catsimatidis’ oil-refining and grocery business, is trying to non-food company — ALL COMPANY SPOTLIGHTS WRITTEN BY AARON ELSTEIN

18 | CRAIN’S NEW YORK BUSINESS | NOVEMBER 16, 2015 20151116-NEWS--0018,0019-NAT-CCI-CN_-- 11/12/2015 7:05 PM Page 2

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COMPANY FOOD TAKES A DIP SPOTLIGHT Goya grows with Latino market Goya Foods GOYA FOODS, the nation’s largest Latino-owned food company, has been thriving in the past few years as demand grows for its beans, olives Inc. and spices among immigrant populations as well as others discovering the joys of Latin American cuisine. Other food giants such as Kraft and General Mills are targeting the Hispanic market, but Goya, which has -1.7% 5.6% been around since 1936 and whose products are sold DROP IN 2014 2014 INCREASE #21 in 35,000 New York-area stores, is on a growth spurt revenue of food in revenue of its own. In recent years, it has opened facilities in manufacturers, among non-food California, Texas and Georgia. The fourth generation retailers, companies of Unanue family members own and run the busi- wholesalers and ness, which gets its name from a former sardine sup- distributors on the list plier from Morocco. Robert Unanue (right) told Crain’s his grandfather bought the brand for $1

BUCK ENNIS because he liked the Spanish painter Francisco Goya.

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COMPANY Vital links in the food chain EMPLOYMENT IN EDIBLES SPOTLIGHT ON AVERAGE, food companies on Crain’s list employ 983 Krasdale Foods KRASDALE IS THE LARGEST and probably most visible company in workers more than non-food businesses. Inc. a vast network of New York-based food distributors. It specializes in providing sugar, orange juice and other staples to local supermarkets. Nebraskaland (No. 57) and Vista Foods (No. 62) are the 3,580 area’s major providers of beef and poultry. Both are based in the vast Hunts Point, Bronx, terminal market (below), where $5 billion 2,597 #36 worth of meat and produce is bought and sold annually, according to a 2008 report by the New York state comptroller’s office. Krasdale, Nebraskaland and Vista have thrived for many decades in part because grocery sales in New York City have traditionally been dominated by independent supermarkets. But now nationwide chains are moving in and bringing their own distribution networks. It remains to be seen how well the incumbent distributors will adapt or even if there will be a need in the future for huge marketplaces like Hunts

JEREMY SMERD Point. Food companies Non-food companies

20 | CRAIN’S NEW YORK BUSINESS | NOVEMBER 16, 2015 20151116-NEWS--0020,0021-NAT-CCI-CN_-- 11/12/2015 7:06 PM Page 2

NY AREA’S LARGEST PRIVATELY HELD COMPANIES

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NOVEMBER 16, 2015 | CRAIN’S NEW YORK BUSINESS | 21 20151116-NEWS--0022,0023-NAT-CCI-CN_-- 11/12/2015 7:06 PM Page 1

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INDUSTRY STRONG POINT SUPERMARKETS IN SECOND PLACE SPOTLIGHT PORTION OF U.S. POPULATION IN THE NYC FOOD INDUSTRY, restaurants have New York City’s fed by food that travels through the most locations by far (24,000). Supermarkets food processors 9% Hunts Point and smaller grocers are a distant second (5,400). and facilities, TOTAL NUMBER of people and the within a 50-mile range served by importance of 22Mthe Hunts Point Terminal Market Hunts Point in TOTAL WORKERS in the markets PROSPEROUS PROCESSING the Bronx at Hunts Point 8K SIZE of the food-processing industry in New York City, adding $1.3 billion to $5B the gross city product TOTAL WORKERS employed by New York City food-processing and SOURCES: Hunts Point Terminal Market, New York City BUCK ENNIS 14K manufacturing plants Council 2010 FoodWorks Report, NYC Mayor’s Office

22 | CRAIN’S NEW YORK BUSINESS | NOVEMBER 16, 2015 20151116-NEWS--0022,0023-NAT-CCI-CN_-- 11/12/2015 7:07 PM Page 2

NY AREA’S LARGEST PRIVATELY HELD COMPANIES

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NOVEMBER 16, 2015 | CRAIN’S NEW YORK BUSINESS | 23 20151116-NEWS--0024,0025-NAT-CCI-CN_-- 11/12/2015 7:07 PM Page 1

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COMPANY SPOTLIGHT Fish company scales up Harbor Seafood IF YOU ENJOY EATING LOBSTER, crab or salmon, odds are Harbor Seafood Inc. plays a part in your meals. This 40-year-old importer and exporter packages and sells seafood to restaurants and wholesalers. In 2014, it made a big retail push by forming a partnership with former football and baseball star Bo Jackson to cook up a “Home Run” surf-and-turf offering. In recent years, Harbor has grown rapidly through acquisitions, #74 mergers and joint ventures. Its website says it deals in more than 20 different kinds of seafood, but three products lord over everything in the industry. Shrimp, canned tuna and salmon made up 55% of all seafood eaten in the U.S. in 2010, according to the U.S. Census Bureau. And though New York is a major center in the fish trade, very little is caught locally. Some 26 million pounds’ worth of seafood with a market value of $54 million landed in New York state last year—a tenth as much as

ISTOCK Massachusetts, according to the National Marine Fisheries Service.

24 | CRAIN’S NEW YORK BUSINESS | NOVEMBER 16, 2015 20151116-NEWS--0024,0025-NAT-CCI-CN_-- 11/12/2015 7:07 PM Page 2

NY AREA’S LARGEST PRIVATELY HELD COMPANIES

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CONTINUED ON PAGE 26

• Motivate your employees Hey New Yorkers, wish to live healthier lives with our your bottom line looked as wellness solutions. • Access apps like iTriage® impressive as your skyline? as we pioneer price transparency. • Simplify your benefits Visit www.aetnaknowsNY.com or administration contact your local Aetna broker today with our innovative programs and helpful self-service tools.

Health benefits and health insurance plans are offered by Aetna Health Inc., Aetna Health Insurance Company of New York and/or Aetna Life Insurance Company (Aetna). Each insurer has sole financial responsibility for its own products. This material is for information only and is not an offer or invitation to contract. Health benefits and health insurance plans contain exclusions and limitations. Providers are independent contractors and are not agents of Aetna. Provider participation may change without notice. Aetna does not provide care or guarantee access to health services. Information is believed to be accurate as of the production date; however, it is subject to change. ©2015 Aetna Inc. 2015369 (10/15)

NOVEMBER 16, 2015 | CRAIN’S NEW YORK BUSINESS | 25 20151116-NEWS--0026,0027-NAT-CCI-CN_-- 11/12/2015 7:08 PM Page 1

THE LIST

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COMPANY SPOTLIGHT The land of milk and money Bartlett Dairy THE PAST FEW YEARS HAVE BEEN unusually eventful for New York City’s Inc. major milk distributors. Last year, city Comptroller Scott Stringer issued a report suggesting that Queens-based Bartlett and other dairies engaged in “possible collusion” to fix milk prices at schools, a claim that Bartlett, which delivered milk to 70% of city schools, vigorously denied. Nothing came of the comptroller’s report. In 2012, another rival Queens-based #101 dairy, Beyer Farms, filed for bankruptcy and ceased operations that December. And in 2011, Bartlett and a third but smaller Queens-based competitor, Elmhurst Dairy, fought over the right to supply area Starbucks franchises. The deal called for Bartlett to distribute Elmhurst-label milk at Starbucks through 2013, but Bartlett changed its mind and decided to start supplying the coffee giant with milk from Dean Foods. Elmhurst sued for breach of contract, but a state judge ruled in Bartlett’s favor. As we said, interesting times in the business of milk.

26 | CRAIN’S NEW YORK BUSINESS | NOVEMBER 16, 2015 20151116-NEWS--0026,0027-NAT-CCI-CN_-- 11/12/2015 7:08 PM Page 2

NY AREA’S LARGEST PRIVATELY HELD COMPANIES

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CONTINUED ON PAGE 28

Would Like to Thank

For Acting as Exclusive Advisor on the Sale of the Leasehold Interest in 645 MADISON AVENUE

sold to

Nightingale Properties and Friedland Properties

TF CORNERSTONE OFFICE PROPERTIES:

NOVEMBER 16, 2015 | CRAIN’S NEW YORK BUSINESS | 27 20151116-NEWS--0028,0029-NAT-CCI-CN_-- 11/12/2015 7:09 PM Page 1

THE LIST

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129 DAYS AFTER PARTIAL KNEE REPLACEMENT.

FIND OVER 1,000 STORIES AT HSS.EDU/BACKINTHEGAME

HOSPITAL FOR SPECIAL SURGERY IS AN AFFILIATE OF NEWYORK-PRESBYTERIAN HEALTHCARE SYSTEM AND WEILL CORNELL MEDICAL COLLEGE. | 535 EAST 70TH ST, NEW YORK, NY | HSS.EDU/BACKINTHEGAME | 1-800-796-0783

28 | CRAIN’S NEW YORK BUSINESS | NOVEMBER 16, 2015 20151116-NEWS--0028,0029-NAT-CCI-CN_-- 11/12/2015 7:09 PM Page 2

NY AREA’S LARGEST PRIVATELY HELD COMPANIES

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CONTINUED ON PAGE 30

NOVEMBER 16, 2015 | CRAIN’S NEW YORK BUSINESS | 29 20151116-NEWS--0030-NAT-CCI-CN_-- 11/13/2015 1:25 PM Page 1

THE LIST NY AREA’S LARGEST PRIVATELY HELD COMPANIES

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ALPHABETICAL LISTING OF COMPANIES

COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK 24 Seven Inc...... 129 Charmer Sunbelt Group ...... 6 Goya Foods Inc...... 21 Marketsmith Inc...... 142 Shevell Group of Cos...... 56 A&E Stores Inc. and Associated Cos.55 Clare Rose Inc...... 96 Great Atlantic & Pacific Tea...... 7 Max Kahan Inc...... 86 Sigma Plastics Group ...... 16 ABCO Refrigeration Supply Corp...... 91 CNY Group ...... 131 Guardian Service Industries Inc. ....132 McKissack & McKissack ...... 143 Solomon-Page Group ...... 116 Adams & Co. Real Estate ...... 89 Collective ...... 94 Guardsmark ...... 46 MediaMath...... 51 Stark Carpet Corp...... 117 Advance Publications Inc...... 5 Computer Generated Solutions Inc.109 HAKS ...... 139 Mediaocean...... 113 Starpoint Solutions...... 150 AFD Contract Furniture Inc...... 102 Condal Distributors Inc...... 137 Harbor Seafood Inc...... 74 Mindlance...... 145 Sterling Holdings Ultimate Parent ....78 Alcott HR Group...... 69 Continental Grain Co...... 17 Hazen and Sawyer ...... 115 Mitchell Martin Inc...... 108 Structure Tone Organization...... 12 Allied Beverage Group ...... 34 CPXi...... 134 Hearst Corp ...... 2 Modell's Sporting Goods...... 33 Sugar Foods Corp...... 44 Amerex Group ...... 109 Crescent Packing Corp...... 140 Henegan Construction Co...... 107 Nebraskaland Inc...... 57 Summit Security Services Inc...... 127 Americon Construction Inc...... 126 Crestron Electronics Inc...... 27 Horizon Media Inc...... 10 New England Motor Freight ...... 59 Synechron Inc...... 99 Apple-Metro Inc...... 120 Crystal & Co...... 123 Hunter Roberts Construction Group..30 NFP...... 20 Terminal Construction Corp...... 94 AppliancesConnection.com ...... 133 Cumberland Packing Corp...... 92 Ibex Construction Co...... 103 North Jersey Media Group Inc...... 135 Thermwell Products Co...... 135 AppNexus...... 83 Curry Automotive ...... 41 ICC Industries Inc...... 17 NPD Group Inc...... 80 Thornton Tomasetti Inc...... 112 Artech Information Systems...... 70 D’Addario & Co...... 106 Imperial Bag & Paper Co...... 67 OnDeck Capital ...... 119 Tory Burch ...... 21 Arthur Schuman Inc...... 45 D’Artagnan Inc...... 149 Infor...... 15 Oscar de la Renta...... 122 Tough Mudder ...... 137 Atrium Staffing ...... 100 Datapipe Inc...... 105 Information Builders...... 75 Palm Bay International Inc...... 73 Trammo Inc...... 1 Bamberger Polymers Inc...... 35 Deep Foods Inc...... 83 Inserra Supermarkets Inc...... 19 Personal-Touch Home Care Inc...... 58 TransPerfect ...... 52 Banfi Products Corp...... 68 Denihan Hospitality Group...... 64 J. Fletcher Creamer & Son...... 72 Plaza Construction...... 26 TravelClick ...... 71 Barr & Barr Inc...... 87 Diane von Furstenberg Studio ...... 46 Jetro Cash & Carry Enterprises...... 38 Prestige Employee Administrators ....28 Trump Organization...... 3 Bartlett Dairy Inc...... 101 Doherty Enterprises Inc...... 54 Kaufman Organization ...... 104 Promotion in Motion Cos. Inc...... 79 Tully Construction Co...... 37 Bayside Fuel Oil Corp...... 81 Eileen Fisher Inc...... 65 Key Food Stores Co-Operative Inc. ...31 Publishers Clearing House ...... 25 Turtle & Hughes Inc...... 43 Benfield Electric Supply Co...... 125 E-J Electric Installation Co...... 63 Kind Healthy Snacks...... 61 Pure Insurance ...... 66 Undertone...... 111 Bloomberg LP...... 4 Empire Office Inc...... 53 Kohn Pedersen Fox Associates ...... 90 Quality King Distributors Inc...... 13 Union Square Hospitality Group ...... 83 Bowlmor AMF Corp...... 42 Ergonomic Group Inc...... 98 Krasdale Foods Inc...... 36 Rallye Motors Holding...... 24 Univision Communications Inc...... 14 Broadview Networks ...... 76 Execu Search Group Inc...... 141 Lafayette 148 New York...... 124 Red Apple Group Inc...... 7 Vice Media Inc...... 46 BuzzFeed ...... 146 Fedway Associates Inc. and Affiliates29 Langan Engineering ...... 93 Renco Group Inc...... 9 Vicom Computer Services Inc...... 144 Can Capital ...... 82 FJC Security Services Inc...... 87 Liberty Maritime Corp...... 77 Rinaldi Group...... 128 Vista Food Exchange Inc...... 62 Cardcash.com...... 148 FreshDirect...... 46 Loren Communications Int’l ...... 130 RXR Realty ...... 39 Weeks Marine Inc...... 40 Cava Construction ...... 118 Gellert Global Group...... 23 Manhattan Beer Distributors ...... 32 Sam Ash Music Corp...... 59 Yodle...... 97 Central National-Gottesman Inc...... 11 Gilt...... 46 Manifest...... 146 Schimenti Construction Co...... 113 Zeta Interactive...... 121

30 | CRAIN’S NEW YORK BUSINESS | NOVEMBER 16, 2015 20151116-NEWS--0031-NAT-CCI-CN_-- 11/13/2015 2:03 PM Page 1

KIND HEALTHY SNACKS | FOOD

DANIEL LUBETZKY: Sweet success at his Kind bar empire, as sales near $400 million

t’s a seemingly simple question: Where do FDA letter was sent to 55 W. 21st St., which was those ubiquitous Kind bars come from? not the location of the shoot.) Reasonable guesses include a Hawaiian kib- That lack of transparency raises some eye- Health food Ibutz, a sustainable orchard near San brows, given that it comes from a company that Francisco, or the town Diane Keaton moved to took a competitor to court over copycat transpar- at the end of Baby Boom. But no, they’re a prod- ent packaging in February 2014. That was a time uct of gritty Gotham, home to pizza rats and when Kind bars had a 51% market share of the or candy. Gowanus sludge. healthy snack bar segment and had racked up Not that the company publicizes its exact more than $600 million in sales since the brand location. In March, the Food and Drug launched in 2003. Kind’s niche is the “use of Administration cited Kind for a number of simple, whole ingredients and the high nutri- Which labeling violations, including a missing address. tional quality of its bars” in a transparent package “The state- “through which ment ‘Kind, its visually LLC, P.O. Box ‘I COULD TELLYOU BUT I’D HAVE inviting, deli- KIND is it? 705 Midtown TO KILLYOU,’ HE SAID OF HIS cious-looking Station, NY, NY bars could be 10018’ which is LATEST CONCOCTION.‘BUT IT’S seen,” read the Daniel Lubetzky’s bars are provided on the lawsuit, which label does not NEW,IT’S DELICIOUS, AND IT’LL was settled last everywhere, but the FDA cited him include the BE ON SHELVES IN THE SPRING’ December. for misleading consumers. street address,” Kind’s chief the FDA wrote executive, Crain’s bites into the mystery of in a letter to the company as part of a long list of Daniel Lubetzky, 47, began a phone interview one of New York’s largest complaints, red flags and violations. The FDA by interrupting the first question to apologize: was “unable to determine the physical location,” “Sorry, can you repeat that? I started eating a private companies it wrote, after a search “yielded several different Kind bar while you were talking.” Then, asked street addresses.” what flavor it was, he replied: “I could tell you BY RICHARD MORGAN A Kind spokeswoman was unhelpful in this but I’d have to kill you. But it’s new, it’s deli- area, explaining, unprompted, “We don’t pub- cious, and it’ll be on shelves in the spring.” licize our office address due to competitive rea- It was crude publicity, but sometimes you sons. So please do not include in your story— have to be crude to be Kind, as with the core of best to just say ‘midtown Manhattan.’ ” She that FDA letter: a drubbing over Kind’s misuse also made address nondisclosure a prerequisite of more than a dozen regulated terms—

BUCK ENNIS for this story’s photo shoot. (For the record, the CONTINUED ON PAGE 32

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KIND HEALTHY SNACKS | FOOD

“healthy,” “low fat,” “good source of fiber” and “antioxidant-rich” among them. EQUAL CALORIES. BOTH CANDY BARS? “Misbrand” appears nine times in the FDA letter, “violation” eight times and “fail” four times. One Kind bar, for example, had quintu- LEFTOVER FROM HALLOWEEN, Butterfinger 180 calories—80 from fat—and a 40-gram weight, ple the acceptable fat content. candy bars proved irresistible to Kathy, a diabetic stack up against Kind’s dark chocolate cherry It was, Lubetzky said, “the first time anyone from Queens. cashew bar, identical in calories and weight? has said something bad about my products. The “They were ridiculously sweet, and I shouldn’t The PayDay two-piece bar has a total of 10 first time in 22 years, since I graduated law have had them,” said Kathy, 54, who asked her grams of fat. The sugar count is high—16 grams— school.” (Stanford Law, class of ’93.) surname be withheld to keep her medical condi- which helps drives the total carbohydrate count “I saw that,” said nutritionist Marion Nestle, tion private. to 21 grams. The peanuts kick in 5 grams of pro- a New York University professor and former A better choice would have been Kind bars, tein. The 2 grams of fiber are what give a feeling longtime chair of its Department of Nutrition, which “just taste less sweet, and the of fullness from a nosh. Food Studies, and Public Health. “It’s pretty feeling of satiety lasts longer than a clear they don’t have anyone who knows what candy bar,” she admitted. “They are they’re doing with this. These were basic mis- full of nuts, and nuts are good for takes. It’s more pitiful than evil. It would help you. Kind bars are just compact trail if they came to terms with the fact that they mix.” make candy bars.” Kind bar or candy bar: What’s the If that sounds unfair, compare the 210 calo- difference? Earlier this year, the Food Kind’s dark chocolate cherry cashew ries in Kind’s Nut Delight bar (billed as a and Drug Administration came down extravaganza isn’t one of the Kind bars whose “healthy snack”) with Hershey’s 180-calorie hard on the maker of Kind bars for labels that labeling flags a low sugar count. Instead, a “snack-size” Payday bar or its 190-calorie two- violated the federal agency’s regulations. Rules are rules, sure. But what about the contents of prominent “Antioxidants” on the packaging pack of snack-size Reese’s NutRageous bars. Kind compared with candy, beyond a simple calo- catches a consumer’s gaze. In other words, the Perhaps Kind could borrow from Coca-Cola’s rie count? bar isn’t promoted as being low in sugar, so it’s a playbook. In a deceptive-labeling lawsuit, A PayDay peanut caramel bar, like its Kind fair choice to compare with a PayDay. lawyers for the soda giant’s Vitaminwater prod- counterpart, is full of nuts. Advertising for the The Kind bar has 9 grams of fat—1 gram less uct line argued in court papers that “no con- Hershey Co. product has an entire Web page than PayDay’s bar. The sugar count, at 14 grams, sumer could reasonably be misled into thinking devoted to peanuts, which it calls an “excellent” is 2 grams less than PayDay. So far, so good. But Vitaminwater was a healthy beverage.” this particular Kind product has a total carbohydrate count 1 gram higher than PayDay, Health-food savvy and 1 fewer grams of protein. The bar has 2.5 Such is the fog of food trendiness. People grams of dietary fiber, a fraction more than believe they are making healthy decisions when PayDay. they are not. Still, big food companies have The upshot: The bars are almost equal been cleaning up their ingredients by dropping from a nutritional standpoint. The cherry sugar, artificial colors and flavors, and chemical source of “good fats,” and full of “resveratrol, cashew bar is “more of a sweet snack,” said additives that make consumers wary. the same healthy nutrient found in red wine and Janet Feinstein, a dietician at Weill Cornell Kind embraces health food’s style over sub- grape skins.” There’s more: “Peanuts are an awe- Medicine and New York-Presbyterian Hospital. stance. It flaunts its transparent packaging as if some source of protein.” “You see a Kind bar and think it’s healthy,” it were nutritionally related to the food inside. Ingredients matter to people who are health- she added. “People need to be more aware.” How could anything bad come in transparent conscious or diabetic. They look for total carbohy- The difference between 16 grams of sugar packaging? Tell that to Kraft Singles or drate counts and grams of sugar, and whether a (PayDay) and 14 (Kind) amounts to only 8 sugar fortune cookies. snack is “low glycemic,” meaning it contains car- calories. The Kind bar’s sugar count, said The Mexican-born son of a Dachau survivor, bohydrates that metabolize slowly and trigger a Feinstein, adds up to more than 3 teaspoons, Lubetzky also founded PeaceWorks, a food gradual spike in glucose and insulin levels when making the dark chocolate cherry cashew ver- company dedicated to world harmony. He the carbs hit the bloodstream. sion “very similar to a candy bar.” honed his people skills as a close-up magician So how does a PayDay snack-size bar, with – BARBARA BENSON in Paris—he had been performing as the Great HouDani since he was 8—and as a mall-kiosk watch salesman in San Antonio. Even when he rides food trends, as he did Journal report. Shrewd moves for a man who said. “But real food—whole almonds, for exam- with his pomegranate blueberry pistachio bars, wrote in his book that he was “brought up not ple—not so much.” they were “made with a view toward tran- to care about money as a scorecard,” calling His customers also rolled out a response: scending that moment,” he said. “We’re not money “a dangerous poison.” several class-action lawsuits, reminiscent of jumping on açai or pumpkin spice.” Although he no longer runs PeaceWorks’ similar suits against Nutella that led to a $3 mil- The FDA lashing, though, was an ice-bucket day-to-day operations, Lubetzky still has a soft lion settlement in 2012. Undeterred, Kind challenge’s worth of cold water dousing spot for it. Arabs and Israelis cooperate to make expanded to the U.K. in October. arguably one of the hottest companies in the sun-dried tomato paste and other products, In his book, Lubetzky calls himself “an food industry. Lubetzky declined to share and Lubetzky fancies himself an expert in actionist: a person who does not accept things financial information beyond the rudimentary international peace efforts because of it. While as they are.” The FDA would prefer he were a charts in his book, Do the KIND Thing, published he was courting his future wife, he wrote, “I realist. They’ll meet somewhere in the middle. this past March. was also working hard to mobilize a million “Kind is voicing support for initiatives that According to those charts, Kind sold 12.4 Palestinian and Israeli citizens to demand align with our brand values,” said the company million units in 2008 and 458.2 million in 2014. immediate and continued negotiations to spokeswoman. “For example, Kind recently Its distribution network grew from 20,000 establish a two-state solution.” issued a comment supporting the FDA’s pro- stores to 125,000 stores during that time. Crain’s Humility is not Lubetzky’s strong suit, posal for brands to list added sugar on the estimates its 2014 revenue at $391 million, put- which is why his comment on the FDA letter is nutrition facts label.” ting it 61st on this year’s list of the New York so interesting. “We could’ve been more thor- A magician never reveals his secrets. But area’s largest private companies. (See Page 18.) ough,” he said. “It was very, very technical. Lubetzky, the magician-turned-CEO, plans to When Lubetzky founded Kind in 2003, But I believe criticism, even when it’s unfair, presto-change-o the policies that are now investors included private-equity firm VMG always carries opportunities.” hampering him. And, in that sense, New York— Partners, an investor in Pirate’s Booty. Then he rolled out a defense: The FDA’s home to calorie counts on menus, trans-fat Lubetzky bought back the VMG stake for $220 policies on regulated terms (from 1990) predate bans, bandied taxes on soda and salt, and all million in March 2014, allowing him to regain a the mass-market health-food movement. manner of magical transformations—is the per- Ⅲ BUCK ENNIS majority stake, according to a Wall Street “Frankenfood can use formulas and ratios,” he fect home. Kinda.

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MEATPACKERS | FOOD A STEAK IN THE FUTURE? (From left) Felix Baptiste, Miro Rames, John Jobaggy, Rod Rames, Francisco Martinez, Jesus Baptiste and Abel Varela are among the last of those who gave the meatpacking district its name.

THEY GOT BEEF The neighborhood they made has been their undoing. How much longer can the last meatpackers carve out a living in the unlikeliest of places?

BY AARON ELSTEIN ohn Jobaggy has been busy since 4 a.m. fielding orders inside a nonde- script building under the new Whitney Museum, just steps from the High Line, where tourists gather to take selfies framed by cobblestone streets Jand brick warehouses. Now it’s time to see if the filet mignons and porterhouses for customers like Peter Luger Steakhouse, the Four Seasons, Nobu and Tribeca Grill are ready to go. So Jobaggy dons a white apron and baseball cap, enters a refrigerated room full of 200-pound hinds of beef swaying from hooks and sidesteps a carcass- breaking saw dangling from the ceiling. “This is the real thing. We do it the way it was done years ago,” Jobaggy says,

S raising his voice so he could be heard above the din of butchers carving steaks. I N

N “This is the past; this is the history.” E

C Jobaggy, 59, is one of the last meatpackers in the meatpacking district, itself U

B CONTINUED ON PAGE 34

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the last holdout among the many marketplaces that once flourished in Manhattan. The fish market decamped to the Bronx 10 years ago from Fulton Street; wholesalers have withered from the flower district on West 28th Street; and just try getting any printing done in what used to be the printing district at Hudson Square. The financial district has been abandoned by most banks and brokerage firms that have fled to midtown, Brooklyn, New Jersey and, of course, Charlotte and Bangalore. The last meatpackers in the meatpacking district, now home to some of the priciest real estate in Manhattan, hang on—barely. “It’s the market that won’t die,” said Vinny Pacifico, who is part owner of a meatpacker in the area and chairman of Bronx-based Vista Food Exchange, the city’s 62nd-largest privately held business, according to Crain’s research. (See Page 18.) Jobaggy survives in the meatpacking business for two reasons: He’s got a lease as delec- table as a prime rib. (More about that in a minute.) He also sells the best beef money can buy. “We go there every week,” said Jody Storch, a co-owner of Peter Luger. “We like to support those guys, keep them going. You get to touch the meat, feel it, see the hind, get an idea of the shape. It gives you a better idea of what you’re buying.” Jobaggy won’t say how much revenue he generates, but he sells some 1,000 hinds per London Meat Corp., John W. Williams Meat Salvation came from an unlikely place: the art month and said his net profit margin is about Corp., Louis Zucker & Co. and Highline Meat world. 2%, which is typical in the business. Those fig- Co. With so few remaining, the meatpackers The Whitney Museum wanted to move to the ures suggest he racks up about $10 million in are much less competitive with each other than neighborhood and needed something the annual revenue and $200,000 in profit. the cutthroat days of yesteryear. Jobaggy meatpackers had: space right by the High Line. Pacifico, meanwhile, estimates that the focuses on steaks for restaurants, while a The meatpackers, who have functioned as a co- remaining meatpackers in the district collec- neighbor emphasizes retailers. Another dealer operative since 1974, needed a new lease. The tively take in around $250 million in revenue, a specializes in lamb and another in poultry, so deal they had signed in 2001 with the New York minuscule amount compared with $5 billion people aren’t stepping on each other’s City Economic Development Corp. was due to worth of sales at the Hunts Point marketplace toes much. expire in 2014. in the Bronx, according to a 2008 report by the At its peak in the 1950s, the meatpacking dis- So three years ago, the parties made a deal. New York State Comptroller’s Office. trict consisted of 200 companies that employed The packers ceded a portion of their turf to the Hunts Point is home to the giant distrib- Whitney, and the city extended their utors that provide food to most New lease to 2032. The Whitney, in turn, Yorkers, including Nebraskaland, which “WHEN THE LEASE IS UP, was spared headlines saying that its generates $421 million in annual revenue THAT’S IT FOR ME IN THE MEAT move from the Upper East Side cost and ranks No. 57 on the Crain’s list of the jobs of more than 100 butchers and largest private companies. Pacifico’s Vista BUSINESS,”JOBAGGY SAID, truckers from Local 342 of the United Food reports $386 million in revenue. Food & Commercial Workers White Plains-based Krasdale Foods (No. FINISHING HIS ROAST BEEF International Union. 36), the area’s largest distributor, generates SANDWICH.“I’LL BE DONE” Jobaggy, who was head of the about $700 million in revenue. meatpackers’ cooperative at the time Yet the boutique downtown meat mar- of the lease negotiation, said there was ket endures, in part because it’s the solution to 3,000 butchers and wholesalers. The market no quid pro quo. A former senior city official a traffic problem. “The market is useful because stretched south from 14th Street to Horatio Street who worked on the transaction said he had it’s hard for trucks outside the borough to make and from Ninth Avenue west to the Hudson. “It never heard if the meatpackers were threat- deliveries in lower Manhattan,” said Pacifico. was nuts,” recalled Robert Greenzeig, president ened with eviction if they didn’t cooperate “Going to it is like visiting a historic village of Interstate Food, who has worked in the market with the Whitney. In a press release announc- that’s still doing something.” for 38 years. “Trucks all over the place, action all ing the start of construction for the new muse- the time; it was a sight.” um, Jobaggy observed that for decades, The smell was something to experience, too. Gansevoort Market “has been the only constant HE HISTORIC VILLAGE, however, is a lot small- New Yorkers of a certain age will never forget business enterprise in this ever-changing er than it used to be. The last downtown the stench of veal hides sweating in the sun or neighborhood.” Tmeatpackers consist of seven firms that cow blood flowing in the streets. The market In any case, the meatpackers made a heav- employ about 120 people huddled in an 80,120- was also a place where renowned New York enly deal: Their rent is only about $18.75 per square-foot building called Gansevoort Market, prosecutors like Frank Hogan and Robert square foot, according to the NYCEDC. That’s a underneath the southern edge of the High Line. Morgenthau made their reputations cracking breathtakingly low rate, considering that the (This space is not to be confused with another down on mob activity. average asking retail rent in the meatpacking Gansevoort Market, a retailer a block away that Yet as recently as four years ago, it seemed as district is $372 per square foot, according to the offers such delicacies as sushi and organic veg- though the downtown meatpackers were Real Estate Board of New York. Even among etables.) doomed. The largest packer at Gansevoort leases for industrial space, the meatpackers’ The survivors, listed by the amount of space Market, DeBragga & Spitler, left for Jersey City rent is extraordinary. they rent in the building, are Interstate Food in 2011, and it seemed only a matter of time Jobaggy wouldn’t comment on the lease

BUCK ENNIS Inc., Weichsel Beef Inc., J.T. Jobaggy Inc., before the others threw in their aprons. terms. To a certain degree, his fortunate real

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like that,” said Interstate Foods’ Greenzeig, whose firm moved to Gansevoort Market after it was dis- placed by the Whitney. “But not any- more.”

OBAGGY’S DAYS begin with his alarm ringing at 2:30 in the morning. He Jdrives to work from his home in Peter Cooper Village, a commute that seldom takes more than 10 minutes, owing to the lack of traffic at that hour. He starts the day tallying up orders that came in overnight and telling his 15 staffers what cuts are needed before ensuring that his three delivery trucks are ready to go at dawn. Deliveries continue until midafternoon. Operating from the meatpacking district means most deliveries can be made in as little as 30 minutes. That helps Jobaggy keep his transportation ROD RAMES in the cooperative’s meat costs low because he can send out the locker. Customers like to see and touch same three trucks several times a day. the meat they are buying. If he were in Hunts Point, he’d need a larger fleet to cover the longer dis- tances. In addition, keeping a small fleet means he can send two people per truck and save money by avoiding most parking tickets. Most days, he’s home by 6 p.m. to chill out watching NY1 before going to bed at 9:30. “I estate position is a matter of luck. He never got married,” he said. “This moved to the Gansevoort Market industry is hard on your personal life.” building in 1991 and reckons his rent Jobaggy’s grandfather got into the at the time was $2,400 a month for a meatpacking business after emigrating smaller space than he has from Budapest and now. opened his own compa- Even then, that was a ny in 1925. By then, the good deal—and, he said, FACTS meat market had been plenty of others would centered around West have taken the space if he 14th Street for 40 years hadn’t. and grown so congested Jobaggy, who now 3,000 that in 1934 the New pays $9,400 a month for York Central Railroad BUTCHERS in the meatpack- 6,000 square feet, ing district at its peak. About built the High Line. secured the space thanks 120 remain Jobaggy’s father set up to his strong connec- his own shop a genera- tions; his family had tion later, around the Break Away... worked in the meat mar- time the city erected ket for more than 60 $ the Gansevoort Market years. The meatpackers’ 18.75 building to cover an co-op board determined RENT PER SQUARE FOOT paid exposed section of the and make your business better he ran a clean, financially by co-op members, compared marketplace. strong business. The with the neighborhood’s aver- Meat was a business building where Jobaggy age retail rent of $372 Jobaggy entered with previously worked is now some reluctance. After an Apple store. He attending New York wouldn’t comment on University, where he his lease. % majored in politics, he As the meat market 2 considered joining the evolved into the TYPICAL MARGIN in the beef foreign service. When meatpacking district, business in part because he started his business Gansevoort Market rep- wholesale prices are in 1981, the market was published resented a lifeline for in decline, thanks to the the remaining butchers. rise of vacuum-packed Indeed, no space has sealing that enabled Industries served: been available in the co- slaughterhouses to box Financial Services . Manufacturing & Distribution . Technology

op for at least three products on-site and 1RWIRU3URÀW . Retail . Construction . Architecture & Engineering 2:30a.m. Real Estate . Healthcare . Transportation & Shipping years—around the time bypass unionized New TIME WHEN Jobaggy gets up Media, Entertainment & Telecommunications the meatpackers were York butchers. each day. “This industry is negotiating their sweet- hard on your personal life,” The neighborhood’s heart lease with the city. he said turnaround began in 488 Madison Avenue, New York, NY 10022 “A few years ago, people 1985, when the R&L 50 Jericho Quadrangle, Jericho, NY 11753 Sources: Company estimates, New York 10 Esquire Road, New City, NY 10956 were moving out of here City Department of Health and Mental Luncheonette on www.grassicpas.com to Hunts Point and places Hygiene CONTINUED ON PAGE 36

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Gansevoort Street was replaced by a restaurant called Florent, which became a go-to place for late-night steak frites. In 1999, a garage that served meatpacking- district truckers was replaced by Pastis, a Paris- style bistro that lured fashionistas and was “transformational” for the neighborhood, Jobaggy recalled. A 2003 episode of Sex and the City shot at the poolside of the Soho House club on Ninth Avenue cemented the neighborhood as a party destination for the young and wealthy. One of the attributes for any meatpacker today, besides a strong back and a deft touch with a knife, is patience with all the gawkers who have never seen anyone unload a 200- pound hunk of raw meat. “I get it,” Jobaggy said. “Where else are they going to see what we’re doing?” LOCATION, LOCATION: Being in Manhattan ECENT YEARS HAVE been challenging for cuts down on transit costs for small firms. meatpackers because wholesale beef Rprices have jumped by 78% since 2010, according to U.S. Agriculture Department data. Higher prices are not good for business because ness with help from friends and family. His mom the part of the cattle that Jobaggy buys. customers are slower to pay, said Grillo of was friends with the mother of Drew Nieporent, “It’s meat produced on a small scale by peo- Weichsel Beef, a firm that specializes in serving who runs Tribeca Grill and Nobu and worked ple I know,” he said. “I don’t call it artisanal, but restaurants and high-end retailers such as with Jobaggy’s brother at a local McDonald’s you can think of it that way.” Citarella. back in 1972. “We had lots to talk about,” Some restaurants are paying up to $50,000 a Jobbagy recalled when he started soliciting busi- FTER ALL THE TALK ABOUT FOOD, it was time for month in rent, and if they don’t fill up every ness from Nieporent. a late-morning lunch. Many of his night, they have trouble paying their bills. “You He also gets help from Miro Rames, a meat- A favorites are long gone, including have to extend credit like crazy these days,” packing district veteran who joined Jobaggy’s Howley’s Bar & Grill, which, Jobaggy and Rames Grillo said. “It’s a grind.” company seven years ago after the building he agreed, served the best pastrami and brisket, Jobaggy added he has tried to avoid passing worked in for decades was sold. Rames brought and Frank’s Restaurant, once a popular steak- along rising costs, which only further com- over the Peter Luger account. house among meatpacking bosses. The Village presses his already razor-thin margins. “It was Jobaggy has also cultivated relationships with Idiot, an after-work spot for cheap shots and worth eating at least part of the increase to keep the handful of small cattle-raisers (mostly in beer, is now Scarpetta, an Italian restaurant customers,” he said, adding that he’s grateful Pennsylvania) that produce kosher beef, which awarded three stars by The New York Times in beef prices have showed signs of coming down commands premium prices and is closely moni- 2008. Hogs & Heifers, a meatpackers’ bar before lately. tored for quality and freshness. But cuts from the it was a tourist attraction, closed in August. Tight client relationships are key because rear half of the animal, such as filet mignon and Some of the restaurants that have trans- packers are selling a commodity whose market shell steak, aren’t certified kosher unless certain formed the neighborhood buy meat from the price is published regularly by the government nerves are removed, a costly process that packers, but on the whole there is little interac- and known to all buyers. Jobaggy grew his busi- slaughterhouses often don’t bother with. That’s tion with the new kids on the block. “They do their thing; we do our thing,” he said. With limited affordable food options, Jobaggy headed to Hector’s Café & Diner, a few steps THE OTHER MEATPACKING DISTRICT over in the same building he works in. Owing to its fortunate location, Hector’s has the same WHETHER YOU’RE A CARNIVORE OR VEGAN, odds are the food you eat traveled through the advantageous rent as its neighbors who supply it vast Hunts Point markets in the Bronx. with meat. “Hi, Danny,” Jobaggy greeted The market is one of the largest food distribution centers in the world. (The largest is the Rungis Dionisios Manesis, Hector’s owner for the past market outside Paris.) Nevertheless, Hunts Point is impressive. Its warehouses cover 329 acres and are 28 years, who said that business was steadier 20 home to more than 115 wholesalers who provide meat and produce for 22 million people within a 50- years ago, when meatpackers were his main mile radius. customers. On rainy days, High Line traffic More than 8,000 people work at the market, which dates back to 1967. That’s when the New York slows and business suffers. City Terminal Market, a produce facility that had operated in lower Manhattan since 1805, moved Jobaggy ordered a roast beef sandwich that north. About a decade later, a meat market in Harlem headed to the Bronx, lured by Hunts Point’s easy came with a pickle slice and a dab of creamy access to area highways. In 2005, the Fulton Fish Market landed in the borough. Some $5 billion in coleslaw. It cost $7.95. He splashed some sales is transacted annually at Hunts Point, according to a 2008 report by the New York state comptrol- ketchup on his sandwich and paused to admire ler’s office. the pile of rare meat. “Good top round,” he said. “In the 1980s and ’90s, there was a lot of empty space here, but now it’s fully rented,” said Vinny “This must be mine.” Pacifico, chairman of Vista Food Exchange, a meatpacker that is one of Hunts Point’s largest tenants. The question that hangs over the cooperative “This is where the action is.” remains existential. Their lease buys them 17 Indeed. Richard Romanoff, president of meat distributor Nebraskaland, said he’s operating at more years. But then what? Pacifico thinks it capacity. His biggest problem is keeping staff, even though workers earn an average of $50,000—equal will depend on whether future city leaders will to the city median. Turnover is especially high among truck drivers. prefer to protect union jobs or opt to sell The market’s importance was underscored on Dec. 31, 2013—Mayor Michael Bloomberg’s last day Gansevoort Market to a developer who would in office—when the city extended Hunts Point’s lease to 2021 and cut its maximum annual rent to $4 raze it and put up a high-rise with river views million from $4.5 million. This past March, Mayor Bill de Blasio said the city would spend $150 million next to the High Line. over 12 years to modernize the market. Jobaggy said it’s too early to speculate on “It’s hard to overstate how important this facility is for our city,” de Blasio said at the time. what sort of future the meatpackers have. But he In particular, the city has committed $25 million to make Hunts Point less vulnerable to disasters doesn’t plan to find out. “When the lease is up, like Hurricane Sandy. The city says the market would have been flooded had the storm struck 12 hours that’s it for me in the meat business,” he said, earlier, threatening New York’s food supply. — AARON ELSTEIN finishing his roast beef sandwich. “I’ll be Ⅲ BUCK ENNIS all done.”

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UNITED STATES BANKRUPTCY COURT Notice of Qualification of CHOLLA 34 EASTERN DISTRICT OF NEW YORK LLC. Authority filed with Secy. of State x In re : Chapter 11 of NY (SSNY) on 10/30/15. Office HYPNOTIC TAXI LLC, et al., : Case No. 15-43300 (CEC) Debtors. location: NY County. LLC formed in x (Jointly Administered) Delaware (DE) on 10/13/15. SSNY NOTICE OF DEADLINES FOR FILING PROOFS OF CLAIM designated as agent of LLC upon TO ALL PERSONS AND ENTITIES WITH CLAIMS AGAINST THE DEBTORS ON THE whom process against it may be ANNEXED LIST (THE “DEBTORS”) PLEASE TAKE NOTICE OF THE FOLLOWING – served. SSNY shall mail process to: On July 22, 2015, the Debtors filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”). Joel D. Rubin c/o Seyfarth LLP, 131 S. On October 23, 2015, the United States Bankruptcy Court for the Eastern District of New York Dearborn St., Ste. 2400, Chicago, IL (the “Court”) entered an order (the “Bar Date Order”) establishing (a) December 21, 2015 at 5:00 p.m. 60603. Address to be maintained in DE: (prevailing Eastern Time) (the “General Bar Date”) as the deadline for each person or entity other than TELECOMMUNICATIONS a Governmental Unit (as defined by section 101(27) of the Bankruptcy Code) to file a proof of claim 1209 Orange St., Wilmington, DE 19801. (“Proof of Claim”) with respect to any claim against the Debtors that arose prior to July 22, 2015 and (b) Arts of Org. filed with the DE Secy. of January 18, 2016 at 5:00 p.m. (prevailing Eastern Time) (the “Governmental Bar Date,” and together State, 401 Federal St., Ste. 3, Dover, with the General Bar Date, the “Bar Dates”) as the deadline for Governmental Units to file a Proof of NYC'S MOTOROLA DE 19901. Purpose: any lawful activities. Claim with respect to any claim against the Debtors that arose prior to July 22, 2015. MOTOTRBO SPECIALISTS A CLAIMANT SHOULD CONSULT AN ATTORNEY IF THE CLAIMANT HAS ANY QUESTIONS, INCLUDING WHETHER TO FILE A PROOF OF CLAIM. MOTOTRBOTM You may need to file a Proof of Claim if you have a claim that arose prior to July 22, 2015 against Professional Digital Two-way Radio any of the Debtors. Acts or omissions of the Debtors that arose prior to July 22, 2015 may give rise System provides significant productivity NOTICE OF APP. FOR AUTH. Of Windish to claims against the Debtors that must be filed by the applicable Bar Date notwithstanding that such gains - reliably and affordably. Talent LLC, a foreign LLC. App. For Auth. claims may not have matured or become fixed or liquidated as of July 22, 2015. • Clearer voice capability and enhanced YOU SHOULD NOT FILE A PROOF OF CLAIM IF YOU DO NOT HAVE A CLAIM AGAINST THE battery life Filed Sec'y of State (SSNY) 8/11/15. LLC DEBTORS. • Integrated voice and data for better organized in DE on 7/27/15. NY office Any holder of a claim who is required, but fails, to file a Proof of Claim in accordance with productivity and privacy loc: NY county. SSNY designated as LLC's the Bar Date Order on or before the applicable Bar Date shall be forever barred from asserting • Text messaging agent upon whom process against it may be such claim against the Debtors and their estates and from participating in any distribution in • Doubles channel call capacity for the Debtors’ cases on account of such claim. the price of one license served. SSNY shall mail copy of *$100 TRADE-IN PER RADIO process to CT Corporation System, 111 DATED: October 27, 2015 New York, New York BY ORDER OF THE COURT Call to learn more or to 8th Ave., NY, NY 10011. Princ. bus. addr.: schedule a professional, 1658 N. Milwaukee Ave., #211, KLESTADT WINTERS JURELLER no-obligation survey or Chicago, IL 60647, Attn: T. Windish. SOUTHARD & STEVENS, LLP on-site demo. 200 West 41st St., 17th Floor Purpose: any lawful activities. New York, New York 10036 Telephone: (212) 972-3000 Facsimile: (212) 972-2245 ATTORNEY FOR DEBTORS Notice of Formation of G & S AND DEBTORS IN POSSESSION GUILDED, LLC Arts. of Org. filed 33 East 33rd Street 1 The Debtors in these cases, along with the last four digits of their federal tax identification numbers are (i) Hypnotic Taxi with Secy. of State of NY (SSNY) on LLC (6632)(Case No. 15-43300); (ii) Bombshell Taxi LLC (1282)(Case No. 15-43301); (iii) Bourbon Taxi LLC (7155)(Case New York, NY 10016 09/25/15. Office location: NY No. 15-43302); (iv) Butterfly Taxi LLC (6992)(Case No. 15-43303); (v) Candy Apple Taxi LLC (0249)(Case No. 15-43304); 212-532-7400 (vi) Chianti Taxi, LLC (6799)(Case No. 15-43305); (vii) Chopard Taxi Inc. (0746)(Case No. 15-43306); (viii) Cupcake Taxi LLC www.metrocomradio.com County. Princ. office of LLC: c/o (0324)(Case No. 15-43307); (ix) Dorit Transit Inc. (9129)(Case No. 15-43308); (x) France Taxi LLC, (9592)(Case No. 15-43309); Arthur Indursky, 680 Fifth Ave., NY, (xi) Hennessey Taxi Inc. (4039)(Case No. 15-43310); (xii) Iceberg Taxi Inc. (5877)(Case No. 15-43311); (xiii) Marseille Taxi LLC NY 10022. SSNY designated as agent (9890)(Case No. 15-43312); (xiv) Merlot Taxi LLC (7103)(Case No. 15-43313); (xv) Milkyway Cab Corp. (5061)(Case No 15- 43314); (xvi) Palermo Taxi, Inc. (5956)(Case No. 15-43315); (xvii) Pinot Noir Taxi LLC (6725)(Case No. 15-43316); (xviii) Pointer of LLC upon whom process against Taxi LLC, (2323)(Case No. 15-43317); (xix) Pudding Taxi Inc. (0432)(Case No. 15-43318); (xx) Stoli Taxi Inc. (4079)(Case No. PUBLIC AND LEGAL NOTICES it may be served. SSNY shall mail 15-43319); (xxi) Vodka Taxi LLC (4239)(Case No. 15-43320); and (xxii) VSOP Taxi Inc. (3909)(Case No. 15-43321). process to the LLC at the addr. of its Debtor Case No. Debtor Case No. Hypnotic Taxi, LLC 15-43300 Iceberg Taxi Inc. 15-43311 princ. office. Purpose: Any lawful activity. Bombshell Taxi LLC 15-43301 Marseille Taxi LLC 15-43312 Bourbon Taxi, LLC 15-43302 Merlot Taxi LLC 15-43313 Butterfly Taxi LLC 15-43303 Milkyway Cab Corp. 15-43314 Notice of Qualification of 157E55 Candy Apple Taxi LLC 15-43304 Palermo Taxi LLC 15-43315 Owner LLC. Authority filed with NY Chianti Taxi, Inc. 15-43305 Pinot Noir Taxi LLC 15-43316 Notice of Qual. of 116 University Chopard Taxi Inc. 15-43306 Pointer Taxi LLC 15-43317 Dept. of State on 11/2/15. Office loca- Cupcake Taxi LLC 15-43307 Pudding Taxi Inc. 15-43318 tion: NY County. LLC formed in DE on Development, LLC, Auth. filed Sec’y of Dorit Transit Inc. 15-43308 Stoli Taxi LLC 15-43319 France Taxi LLC 15-43309 Vodka Taxi LLC 15-43320 9/1/15. NY Sec. of State designated State (SSNY) 7/1/15. Office loc: NY Co. Hennessey Taxi Inc. 15-43310 VSOP Taxi Inc. 15-43321 LLC org. in DE 5/5/15. SSNY desig. as agent of LLC upon whom process agent of LLC upon whom proc. against it against it may be served and shall mail process to: c/o CT Corporation System, may be served. SSNY shall mail copy of Notice of Formation of MILBER SPIN Notice of Formation of RCoast Partners proc. to NRAI, 111 Eighth Ave., NY, NY 111 8th Ave., NY, NY 10011. DE SF LLC Arts. of Org. filed with Secy. of LLC Arts. of Org. filed with Secy. of State address of LLC: c/o Corporation Trust 10011, the Reg. Agt. upon whom proc. may State of NY (SSNY) on 06/11/15. of NY (SSNY) on 11/06/15. Office location: be served. DE office addr.: 160 Greentree Co., 1209 Orange St., Wilmington, DE Office location: NY County. SSNY des- NY County. SSNY designated as agent of 19801. Cert. of Form. filed with DE Dr., Ste. 101, Dover, DE 19904. Cert. ignated as agent of LLC upon whom LLC upon whom process against it may of Form. on file: SSDE, Townsend Bldg., Sec. of State, 401 Federal St., Dover, process against it may be served. be served. SSNY shall mail process to DE 19901. Purpose: all lawful purposes. Dover, DE 19901. Purp: any lawful activities. SSNY shall mail process to Troutman c/o Anthony F. Vitiello, Connell Foley Sanders LLP, Attn: Brett R. Baker, Esq., LLP, 888 Seventh Ave., Ninth Fl., NY, NY 875 Third Ave., NY, NY 10022. Purpose: 10106. Purpose: Any lawful activity. Notice of Formation of 105/15 APART- Any lawful activity. Notice of Qualification of Hojeij MENTS REALTY LLC Arts. of Org. filed Branded Foods, LLC. Authority filed with with Secy. of State of NY (SSNY) on Notice of Formation of SFE MANAGE- NY Dept. of State on 10/28/15. Office 10/19/15. Office location: NY County. MENT LLC Arts. of Org. filed with Secy. location: NY County. Princ. bus. addr.: Princ. office of LLC: c/o 770 Lexington Notice of Formation of AMBASSADOR PRACTICE MANAGEMENT, LLC Arts. of of State of NY (SSNY) on 11/06/15. 1750 The Exchange, Suite 200, Atlanta, Ave., 18th Fl., NY, NY 10065. Latest Office location: NY County. Princ. office GA 30309. LLC formed in DE on date on which the LLC may dissolve is Org. filed with Secy. of State of NY of LLC: 4921 11th Ave., Brooklyn, NY 7/22/15. NY Sec. of State designated 12/31/2035. SSNY designated as (SSNY) on 10/20/15. Office location: 11219. SSNY designated as agent of agent of LLC upon whom process NY County. SSNY designated as agent agent of LLC upon whom process LLC upon whom process against it may against it may be served and shall mail against it may be served. SSNY shall of LLC upon whom process against it be served. SSNY shall mail process to mail process to the LLC at the addr. of may be served. SSNY shall mail process to: c/o CT Corporation System, 111 Corporation Service Co., 80 State St., 8th Ave., NY, NY 10011, regd. agent upon its princ. office. Purpose: Any lawful activity. process to Dennis J. Alessi, 3 Becker Albany, NY 12207, regd. agent upon Farm Rd., Ste. 105, Roseland, NJ whom process may be served. DE addr. whom and at which process may be of LLC: 1209 Orange St., Wilmington, 07068. Purpose: Any lawful activity. served. Purpose: Any lawful activity. DE 19801. Cert. of Form. filed with DE Notice of Qual. of 110 Greene Fee Owner LP, Sec. of State, 401 Federal St., Dover, Auth. filed Sec’y of State (SSNY) 7/30/15. Off. Notice of Qualification of RT CORPO- DE 19901. Purpose: all lawful purposes. loc: NY Co. LP org. in DE 6/1/15. SSNY desig. Notice of Qualification of ROUNDABOUT as agent of LP upon whom proc. against it may RATE PRIVATE EQUITY GP LP Appl. for GP LLC Appl. for Auth. filed with Secy. Auth. filed with Secy. of State of NY be served. SSNY shall mail copy of proc. to NRAI, of State of NY (SSNY) on 11/05/15. (SSNY) on 09/25/15. Office location: NY 111 Eighth Ave., NY, NY 10011, the Reg. Agt. Office location: NY County. LLC formed County. LP formed in Delaware (DE) on NOTICE OF FORMATION OF TYCHE upon whom proc. may be served. DE office addr.: in Delaware (DE) on 07/01/13. Princ. 09/18/15. Princ. office of LP: 280 COMPLIANCE CONSULTING, LLC.Articles 160 Greentree Dr., Ste. 101, Dover, DE 19904. office of LLC: 183 Madison Ave., Ste. Park Ave., 22nd Fl., East Tower, NY, NY of Organization filed with the Secretary Cert. of LP on file: SSDE, Townsend Bldg., 1214, NY, NY 10016. SSNY designated as 10017. SSNY designated as agent of LP of State of NY (SSNY) on 09/03/2015. agent of LLC upon whom process against Dover, DE 19901. Name/addr. of each gen. upon whom process against it may be Office location: New York County. SSNY it may be served. SSNY shall mail process ptr. avail. at SSNY. Purp: any lawful activities. served. SSNY shall mail process to c/o has been designated as agent upon whom to the LLC at the princ. office of the LLC. Roundtable Investment Partners LLC The regd. agent of the company upon process against it may be served. The at the princ. office of the LP. Name Post Office address to which the SSNY whom and at which process against the and addr. of each general partner are Notice of Formation of CS CROMWELL company can be served is Alexander shall mail a copy of any process against available from SSNY. DE addr. of LP: the LLC served upon him/her is: United LLC. Arts. of Org. filed with Secy. of State Teicher, 183 Madison Ave., Ste. 1214, NY, c/o Corporation Service Co., 2711 of NY (SSNY) on 10/28/15. Office loca- NY 10016. DE addr. of LLC: c/o States Corporation Agents Inc at 7014 Centerville Rd., Ste. 400, Wilmington, 13th Avenue, Ste 202, Brooklyn, NY tion: NY County. SSNY designated as agent Corporation Service Co., 2711 Centerville DE 19808. Cert. of LP filed with Secy. 11228. The principal business address of LLC upon whom process against it may Rd., Ste. 400, Wilmington, DE 19808. of the State, DE Dept. of State, John G. be served. SSNY shall mail process to: Cert. of Form. filed with Secy. of State Townsend Bldg., Duke of York St., of the LLC is: 33 W 93rd Street, Ste The LLC, 1350 Broadway, Ste. 1010, NY, of the State of DE, 401 Federal St., Dover, Dover, DE 19901. Purpose: Any lawful 5R, New York, NY 10025. Purpose: any NY 10018. Purpose: any lawful activity. DE 19901. Purpose: Any lawful activity. activity. lawful act or activity.

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TO PLACE A CLASSIFIED AD, CALL 1800 444 6007 OR VISIT CRAINSNEWYORK.COM PUBLIC AND LEGAL NOTICES Notice of Formation of Smart City Notice of Qualification of V/E Madison Notice of formation of Jules Trading Notice of Formation of Neff Group LLC. Media, LLC Arts of Org. filed with Retail LLC. Authority filed with NY Dept. LLC. Arts of Org filed with Secy. of State Arts of Org filed with Secy. of State of NY Secy. of State of NY (SSNY) on of State on 10/14/15. Office location: of NY (SSNY) on 10/20/2015. Office (SSNY) on 8/26/2015. Office location: 2/13/15. Office location: NY County. NY County. Princ. bus. addr.: 210 Route location: NY County. SSNY designated NY County. SSNY designated agent upon Princ. office of LLC: 1200 Broadway, 4 East, Paramus, NJ 07652. LLC formed agent upon who process my be served whom process may be served and shall Suite 4e, NY, NY 10001. SSNY des- in DE on 10/9/15. NY Sec. of State and shall mail copy of process against mail copy of process against LLC to ignated as agent of LLC upon whom designated agent of LLC upon whom LLC to principal business address: 580 principal business address: 70 Perry Street process against it may be served. process against it may be served and shall 5th Ave Ste. 1200 New York, NY NY, NY 10014. Purpose: any lawful act. SSNY shall mail process to the LLC mail process to: c/o CT Corporation 10036. Purpose: All lawful act. at the addr. of its princ. Office. System, 111 8th Ave., NY, NY 10011, regd. Purpose: Any lawful activity. agent upon whom process may be served. NOTICE OF FORMATION OF ULLI’S DE addr. of LLC: 1209 Orange St., 457 WARBURTON AVE LLC, a domestic OILMILL LLC. Arts of Org filed with Secy. Notice of Qualification of MUY Properties-NE, Wilmington, DE 19801. Cert. of Form. filed LLC, Art. of Org. filed with the SSNY on of State of NY (SSNY) on 7/14/2015. Ltd. Authority filed with NY Dept. of State on with DE Sec. of State, 401 Federal St., Dover, 7/31/15. Office location: NY County. Office location: NY County. SSNY desig- 10/7/15. Office location: NY County. LP DE 19901. Purpose: any lawful activity. SSNY is designated as agent upon nated agent upon whom process may be organized in TX on 11/26/12. NY Sec. of whom process against the LLC may be served and shall mail copy of process State designated agent of LP upon whom served. SSNY shall mail process to: The against LLC to principal business address: process against it may be served and shall Notice of Qual. of 110 Greene Fee Owner LP, LLC, 26 COURT ST. SUITE 2003, NEW 34 E. 30th St. 3rd floor, NY, NY 10016. mail process to: c/o CT Corporation System, Auth. filed Sec’y of State (SSNY) 7/30/15. Off. YORK, NY 11242 c/o SABAJ LAW, P.C. Purpose: any lawful act. 111 8th Ave., NY, NY 10011. TX and princi- General Purposes. pal business address: 17890 Blanco Rd., loc: NY Co. LP org. in DE 6/1/15. SSNY desig. Suite 401, San Antonio, TX 78232. as agent of LP upon whom proc. against it may Notice of Formation of HOC INVESTOR Name/address of genl. ptr. available from NY be served. SSNY shall mail copy of proc. to NRAI, Sec. of State. Cert. of LP filed with TX sec. of 111 Eighth Ave., NY, NY 10011, the Reg. Agt. Notice of Formation of 645 MAD AVE GROUP, LLC Arts. of Org. filed with JV LLC Arts. of Org. filed with Secy. of State, 1019 Brazos, Austin, TX 78701. upon whom proc. may be served. DE office addr.: Secy. of State of NY (SSNY) on 10/09/15. Purpose: all lawful purposes. 160 Greentree Dr., Ste. 101, Dover, DE 19904. State of NY (SSNY) on 10/20/15. Office Office location: NY County. SSNY des- Cert. of LP on file: SSDE, Townsend Bldg., location: NY County. SSNY designated ignated as agent of LLC upon whom Dover, DE 19901. Name/addr. of each gen. as agent of LLC upon whom process process against it may be served. SSNY Notice of Formation of Medical Hair ptr. avail. at SSNY. Purp: any lawful activities. against it may be served. SSNY shall shall mail process to Corporation Service mail process to c/o Herrick, Feinstein LLP, Co., 80 State St., Albany, NY 12207, regd. Restoration, PLLC. Arts. of Org. filed with NY Attn: Paul Shapses, Esq., 2 Park Ave., NY, agent upon whom and at which process Dept. of State on 10/2/15. Office location: NY 10016. Purpose: Any lawful activity. may be served. Purpose: Any lawful activity. NY County. Sec. of State designated agent of Notice of Formation of The People’s PLLC upon whom process against it may be Influence, LLC. Arts. of Org. filed served and shall mail process to: 115 E. 61st with Secy. of State of NY (SSNY) on St., NY, NY 10065. Purpose: practice medicine. 10/6/15. Office location: NY County. Notice of Qualification of AC 12 LLC. Notice of Formation of The Food Press, LLC. SSNY designated as agent of LLC Authority filed with Secy. of State of NY (SSNY) Arts of Org filed with Secy. of State of NY upon whom process against it may on 10/08/15. Office location: NY County. (SSNY) on 8/6/2015. Office location: NY NOTICE OF FORMATION OF Wasted, LLC. be served. SSNY shall mail process LLC formed in Delaware (DE) on 04/21/15. County. SSNY designated agent upon Articles of Organization filed with Secy. of State to: c/o The LLC, 350 Fifth Avenue, SSNY designated as agent of LLC upon whom whom process may be served against of NY (SSNY) on 9/3/2015. Office location: NY Ste. 6617, NY, NY 10065. Purpose: process against it may be served. SSNY shall LLC to: United States Corporation County. SSNY designated agent upon whom any lawful activity. mail process to: c/o Abinger Capital, 767 Third Agents, Inc. 7014 13th Ave #202 Ave., 4th Fl., NY, NY 10017. Address to be Brooklyn, NY 11228. Principal busi- process against it may be served. SSNY shall maintained in DE: 160 Greentree Dr., Ste. 101, ness address: 200 Rector Pl. #6G NY, mail process to: Jared Daniel Verteramo, 200 Dover, DE 19904. Arts of Org. filed with the NY 10280. Purpose: any lawful act. East 16th Street, Apt 12J, New York, NY Notice of Formation of BG ROCK DE Secy. of State, John G. Townsend Bldg., 10003. Purpose: any lawful act or activity. HOLDINGS, LLC Arts. of Org. filed 401 Federal St., Ste. 4, Dover, DE 19901. with Secy. of State of NY (SSNY) on Purpose: any lawful activities. 07/24/15. Office location: NY County. Notice of Qualification of TICO SPV, LLC. NOTICE OF FORMATION of One Love SSNY designated as agent of LLC Authority filed with NY Dept. of State on Music, LLC. Art. of Org. filed w/Secy of upon whom process against it may 105 BOERUM MANAGEMENT LLC 10/9/15. Office location: NY County. LLC State of NY (SSNY) on 10/13/15. be served. SSNY shall mail process Articles of Org. filed NY Sec. of State formed in DE on 10/7/15. NY Sec. of State Office location: NY County. SSNY desig- to Corporation Service Co., 80 State (SSNY) 9/17/15. Office in NY Co. SSNY designated agent of LLC upon whom nated as agent for for service of St., Albany, NY 12207, regd. agent desig. agent of LLC upon whom process against it may be served and process. SSNY shall mail process to upon whom and at which process may process may be served. SSNY shall shall mail process to: 1700 Broadway, 309 E5th St. #5 NY, NY 10003. be served. Purpose: Any lawful activity. mail copy of process to c/o Bcb 18th Fl., NY, NY 10019, principal business Purpose: Any lawful activity. Property Management, Inc., 27 Union address. DE address of LLC: c/o The Square West, Ste. 503, NY, NY 10003. Corporation Trust Co., 1209 Orange St., Notice of Formation of Gottlieb Partners Purpose: Any lawful purpose. Wilmington, DE 19801. Cert. of Form. filed CORDIALE WINE CLUB LLC, Arts. of Org. LLC. Arts. of Org. filed with Secy. of with DE Sec. of State, P.O. Box 898, Dover, filed with the SSNY on 08/21/2015. State of NY (SSNY) on 9/28/15. Office DE 19903. Purpose: all lawful purposes. Office loc: NY County. SSNY has been location: NY County. SSNY designated as designated as agent upon whom Notice of Qualification of Northwood agent of LLC upon whom process against process against the LLC may be served. Real Estate Partners Europe LP. it may be served. SSNY shall mail process SSNY shall mail process to: Ryan Authority filed with NY Dept. of State on Notice of Qualification of Northwood to: c/o The LLC, 1095 Park Avenue, NY, Marcus, 170 8th Ave. Apt. 2F, NY, NY 9/18/15. Office location: NY County. Princ. Canada AIV GP II LP. Authority filed with NY 10128. Purpose: any lawful activity. 10011. Purpose: Any Lawful Purpose. bus. addr.: 1819 Wazee, 2nd Fl., Denver, NY Dept. of State on 9/22/15. Office CO 80202. LP organized in Cayman Islands location: NY County. LP registered in (CI) on 8/5/15. NY Sec. of State designated Alberta, Canada on 9/30/14. NY Sec. of NOTICE OF FORMATION of State designated agent of LP upon whom Notice of Qualification of Endale Capital Orcalorka LLC. Arts of Org filed with agent of LP upon whom process against it may be served and shall mail process to: process against it may be served and shall Management GP LLC. Authority filed with Secy. of State of NY (SSNY) on NY Dept. of State on 10/13/15. Office c/o CT Corporation System, 111 8th Ave., mail process to: c/o CT Corporation 8/10/2015. Office location: NY location: NY County. LLC formed in DE NY, NY 10011, regd. agent upon whom System, 111 8th Ave., NY, NY 10011, regd. County. SSNY designated agent agent upon whom process may be served. on 10/1/15. NY Sec. of State designated upon whom process may be served process may be served. CI addr. of LP: c/o agent of LLC upon whom process against Intertrust Corporate Services (Cayman) Ltd., Principal office addr.: 1819 Wazee, 2nd Fl., and shall mail copy of process Denver, CO 80202. Name/addr. of genl. it may be served and shall mail process against LLC to principal business 190 Elgin Ave., George Town, Grand Cayman to: 900 Third Ave., Ste. 1101, NY, NY KY1-9005, CI. Name/addr. of genl. ptr. ptr. available from NY Sec. of State. Cert. address: 333 East 55th St. #9E NY, of LP filed with Registrar of Corps., 10022, principal business address. DE NY 10022. Purpose: any lawful act. available from NY Sec. of State. Cert. of LP address of LLC: c/o The Corporation filed with Registrar of Companies, PO Corporate Registry, Service Alberta, Box 1007 Station Main, Edmonton, Alberta Trust Co., 1209 Orange St., Wilmington, Box 123, Ground Fl., Govt. Admin. Bldg., DE 19801. Cert. of Form. filed with DE T5J 4W6. Purpose: all lawful purposes. RENTIS PROPERTIES LLC, a domestic LLC, Art. 133 Elgin Ave., George Town, Grand Cayman Sec. of State, PO Box 898, Dover, DE of Org. filed with the SSNY on 2/26/15. KY1-9000, CI. Purpose: all lawful purposes. 19903. Purpose: all lawful purposes. Office location: NY County. SSNY is designated as agent upon whom process Notice of Qualification of Zx Ventures against the LLC may be served. SSNY shall Notice of Qualification of Lighthouse LLC. Authority filed with NY Dept. of State Notice of Qualification of Endale Capital mail process to: The LLC, 26 COURT ST. Management Services, LLC. Authority filed on 10/13/15. Office location: NY County. Onshore Fund LLC. Authority filed with NY SUITE 2003, NEW YORK, NY 11242 c/o SABAJ with NY Dept. of State on 9/18/15. Office Princ. bus. addr.: 250 Park Ave., 2nd Fl., Dept. of State on 10/13/15. Office LAW, P.C. General Purposes. location: NY County. Princ. bus. addr.: 2711 NY, NY 10177. LLC formed in DE on location: NY County. LLC formed in DE on N. Haskell Ave., Ste. 1700, Dallas, TX 75204. 10/7/15. NY Sec. of State designated agent 10/1/15. NY Sec. of State designated LLC formed in DE on 8/12/15. NY Sec. of of LLC upon whom process against it may agent of LLC upon whom process Notice of Formation of 111 Varick State designated agent of LLC upon whom be served and shall mail process to: c/o CT against it may be served and shall mail Arlington Owner LLC, Art. of Org. filed with process against it may be served and shall mail Corporation System, 111 8th Ave., NY, NY process to: 900 Third Ave., Ste. 1101, NY, Sec'y of State (SSNY) on 7/22/15. Office process to: c/o CT Corporation System, 111 8th 10011, regd. agent upon whom process NY 10022, principal business address. location: NY County. SSNY designated as agent Ave., NY, NY 10011, regd. agent upon whom may be served. DE addr. of LLC: c/o The DE address of LLC: c/o The Corporation of LLC upon whom process against it may process may be served. DE addr. of LLC: Corporation Trust Co., 1209 Orange St., Trust Co., 1209 Orange St., Wilmington, be served. SSNY shall mail copy of 1209 Orange St., Wilmington, DE 19801. Cert. Wilmington, DE 19801. Cert. of Form. filed DE 19801. Cert. of Form. filed with DE process to NRAI, 111 Eighth Ave., NY, of Form. filed with DE Sec. of State, 401 Federal with DE Sec. of State, 401 Federal St., Dover, Sec. of State, PO Box 898, Dover, DE NY 10011. Purpose: any lawful activities. St., Dover, DE 19901. Purpose: all lawful purposes. DE 19901. Purpose: all lawful purposes. 19903. Purpose: all lawful purposes.

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ANTHONY VINCI’S company, Findyr, is focused on making local information a valuable commodity.

The right connections reach the farthest places Anthony Vinci is building a bridge between global companies and local researchers

nthony Vinci has long straddled two worlds. advertise over the Internet. It has that explorer tone. The chief executive of a startup he calls a It’s about connecting with people in different parts of ANTHONY VINCI “global marketplace for local informa- the world and seeing the world through their eyes.” tion,” he began his career at a New York A community management team uses social-media AGE 38 Ae-marketing company during the dot-com boom. channels and local institutions like universities to BORN Rye, N.Y. He later did fieldwork, for a Ph.D. in international build and maintain a network of providers. Contacts in relations, on what happens when nations neighboring regions also help. Recently, RESIDES Essex County, N.J. fracture and “proto countries” are when investors wanted information about EDUCATION Reed College, B.A. in formed—interviewing people in Sudan “It’s about an uninhabited island off Lamu, Kenya, philosophy; London School of and South Sudan. That was followed by a connecting providers in Nairobi made referrals. Economics, Ph.D. in international relations stint as a market researcher for a consult- with people Clients include media outlets, companies ing firm run by futurist Alvin Toffler. that do market research, due diligence and GLOBAL BEST His favorite place to live outside the U.S. is Japan, chosen At some point, Vinci began thinking in different data collection, as well as individuals who for its “Ph.D.-level culture shock: about how the explosion in smartphone parts of the use the self-service platform on the Findyr Everything is different” use around the world could make field- website. A fast-growing side of the business world” CULTURE SHOCK The strangest work and research a lot easier, while also in the U.S. is helping marketers with ad ver- place he’s lived is Phnom Penh, providing work for the under- and unemployed. That ification—checking on whether a video ad in a mall, for Cambodia, where he ate deep-fried was the beginning of Findyr, his two-year-old compa- instance, played at the right time and ran to the end. tarantulas and lizard stir-fry ny that now has 50,000 people in 150 countries taking Findyr, which raised $2.5 million in seed funding in SIDE PROJECT He filmed a pictures, shooting video and writing reports for a fee. August, takes a slice of the transactions, which can documentary about a former Liberian But Vinci, 38, still feels like he’s in two worlds at once. range from $5 to $50. Vinci says that by cutting out mid- soldier that is now in postproduction “I’m a member of the Explorers Club, where people dlemen and dealing directly with providers, the service talk about doing fieldwork and diving in the Antarctic, works as a kind of economic development tool. and our office is in Chelsea, where a lot of millennials Providers are “cashing in on an available resource, are hyperfocused on ad tech,” he said. “What’s unique which is access to local information,” he said. “We’re

BUCK ENNIS about Findyr is it’s not about building a better way to making that commodity valuable.” – MATTHEW FLAMM

NOVEMBER 16, 2015 | CRAIN’S NEW YORK BUSINESS | 39 20151116-NEWS--0040-NAT-CCI-CN_-- 11/13/2015 5:10 PM Page 1

EXECUTIVE MOVES

Tower Park Real Estate. QUEENS CHAMBER Prager Metis: Alfred OF COMMERCE Pruskowski, 67, joined the THOMAS GRECH, accounting firm as a part- 53, was appointed ner. He was previously a executive director at partner at Rosen Seymore Shapps Martin. the business develop- TitleVest: Victoria Hatin, 26, ment organization. He joined the insurance firm as was previously a direc- a national sales executive. tor at CCI Energy. She was previously director of marketing and sales at Real Estate Data Shield Inc. Hunt New York Medical College: App Partner: Sean Glatzer, Mortgage Jennifer Riekert, 40, was 30, joined the design Group: promoted to vice president company as a sales Raymond of communications at representative. He was Guttroff, 42, the school. She was previously a corporate joined the previously director of account manager at real estate communications. Informa Group. financing firm as a Denihan Hospitality Group: Hannah Hurr, 26, joined as a managing director. He was Carl Cohen, 55, joined the junior project manager. She previously a director at boutique hotel group as was previously managing Barclays. chief experience officer. He editor at Mask Manager. City College of New York: Dee was previously chief Marcus & Dee Mozeleski, 43, was marketing officer and vice Millichap: promoted to chief of staff at president of marketing at John the college’s Colin Powell MGM Resorts International. Crafton, School for Civic and Global O’Connor Davies: Don Logan, 38, joined Leadership. She previously 45, joined the accounting the real held the position of director firm as chief information estate firm of institutional officer. He was previously as an investment sales advancement. director of technology at broker. He was previously MetLife: Carlos Fonseca, 46, Wiss & Co. a principal at JCX Realty. joined the life insurance Goldin Solutions: Jody Fisher, Phillips Nizer: Courtney company as senior vice 44, joined the media Birnbaum, 44, joined the president and head of the engagement company as law firm as counsel for the Science of Marketing director of media strategy. firm’s corporate law and Department. He was He was previously senior real estate law practices. previously vice president manager of U.S. media She was previously an of global knowledge relations at Canon USA. associate at Cohen Tauber and insights at the Melissa Lustrin, 27, joined as Spievack & Wagner. Coca-Cola Co. a director of media strategy. Michael Johnson, 26, joined Madison Square Garden She was previously a senior the law firm as an associate Productions: Colin Ingram, producer at Good Morning in its real estate practice. 46, joined the entertain- America. He was previously a legal ment company as execu- Eastern Consolidated: Erik fellow at the NY State tive vice president. He was Nissani, 39, joined the real Housing Finance Agency. previously chief executive estate investment firm as a Blank of his own theater senior director in the Rome: production company, Colin investment sales division. Shalu Ingram Ltd. He was previously an Rastogi, Nielsen: associate broker at Marcus 45, joined Anne-Taylor & Millichap. the law Adams, 37, Jeffrey Nissani, 39, joined firm as an was pro- the real estate investment associate. She was pre- moted to firm as a senior director in viously an attorney at senior vice the investment sales divi- Bleichmar Fonti Tountas & president of sion. He was previously an Auld. global communications for associate broker at Marcus Venable: Daniel M. the media company. She & Millichap. Bernstein, 44, joined the was previously head of Charles River Associates: law firm as counsel in its marketing and communi- Anthony Rose, 42, joined New York office. He was cations for Nielsen Latin the consulting firm as a previously an attorney at America. director at its Marakon Seiden & Schein. Siebert Brandford Shank & subsidiary. He was pre- Herrick Feinstein: Jonathan Co.: Philip Wasserman, 47, viously senior managing M. Makarowitz, 41, joined joined the financial- director, partner and chief the law firm as counsel. He services company as senior financial officer at was previously of counsel vice president. He was pre- International Strategy & at Squire Patton Boggs. viously an assistant director Investment Group. – ERICA DAVIES at the New York City Office EVO Real of Management and Budget. Estate EXECUTIVE PROMOTIONS SL Green: Natasha Brown, Group: The fastest way to get an 39, joined the commercial Vicki announcement into Crain’s real estate firm as vice Freeman, is to submit online. Fill out the president. She was 41, joined form at CrainsNewYork previously senior vice as a retail .com/execmoves. The president at Jones Lang adviser. She was previous- Executive Moves column is LaSalle. ly an associate broker at also available online.

40 | CRAIN’S NEW YORK BUSINESS | NOVEMBER 16, 2015 20151116-NEWS--0041-NAT-CCI-CN_-- 11/13/2015 5:12 PM Page 1

SNAPS

Fortune Society celebrates a success story At galas all over New York City, nonprofits share their accomplishments with donors, but the Fortune Society’s Oct. 29 fundraiser celebrated a special achievement. Khalil Cumberbatch was honored for making his way from being a client of the nonprofit—which provides a wide variety of services to help the formerly incarcerated re-enter society—to emerging as an activist for those who are down and out. After spending seven years in prison, Cumberbatch went to the society for help, and eventually became its social-media consultant. Now he is the policy associate for the Legal Action Center, which fights discrimination against people with histories of addiction, HIV/AIDS or criminal activity.

Fortune Society board member David Kochman, vice president of corporate affairs at Henry Schein Inc., with society President and CEO Joanne Page and board member Stewart Raphael, managing owner of Trident Sales Group, at the gala, held at the Prince George Ballroom in Manhattan.

Honorees Khalil Cumberbatch and Bryan Stevenson, founder and executive director of the Equal Justice Initiative, at the Fortune Society benefit, which raised $271,000.

New York Public Library’s Lions gala Pols mark 50th anniversary of Lindsay’s election

Library Lions benefit co-chairs Stephen Schwarzman, Blackstone Group CEO, and his wife, Christine, at a Nov. 2 event to raise funds for the New York Public Library.

Jay Kriegel, senior adviser at the Related Cos. and former chief of staff for Mayor John Lindsay, with Mayor Bill de Blasio and first lady Chirlane McCray at a Nov. 2 reception to mark the 50th anniversary of Lindsay’s election.

Opera singer Renée Fleming and actor Frank Langella at the NYPL event, held at the insti- Former Mayor tution’s main David Dinkins branch on Fifth and John Avenue, aka the Lindsay’s Stephen A. daughter Margi Schwarzman Picotte at the Building. The reception, held fete took in at Gracie more than $2.4 Mansion. million.

TOP: TOM KANE / BOTTOM LEFT: JEMAL KANE LEFT: TOM / TOP: BOTTOM JOE WOOLHEAD COUNTESS/GETTY RIGHT: / BOTTOM SEE MORE OF THIS WEEK’S SNAPS ONLINE AT CRAINSNEWYORK.COM/SNAPS

NOVEMBER 16, 2015 | CRAIN’S NEW YORK BUSINESS | 41 20151116-NEWS--0042-NAT-CCI-CN_-- 11/13/2015 5:16 PM Page 1

FOR THE RECORD*

Saint Laurent Avenue in Forest Park, asking rent was not dis- Rituals Home & Body 100,000 shares at $65.10, NEW IN TOWN 3 E. 57th St. Queens. Bid documents closed. Cosmetics signed a 10- in a transaction worth The design house moved are available between 8 year lease for 902 square $6,510,000. He now Cassette back to its midtown east a.m. and 3 p.m. in the RETAIL feet at 1333 Broadway. directly owns 185,991 113 Franklin St., flagship. At 14,071 square Blueprint Room, Room 64, Sneaker and sporting- The retailer will occupy a shares. Greenpoint, Brooklyn feet and three stories, the Olmsted Center, Flushing goods retailer Stadium ground floor space in the Joe Pasqualetto and Henry store is now the brand’s Meadows Corona Park, for Goods signed a 10-year 12-story building between Verisk Analytics Inc. Rich of Rucola in Boerum biggest. Women’s wear a $25 fee payable by com- lease for 3,000 square feet West 35th and 36th (VRSK) Hill, Brooklyn, opened a and menswear are on the pany check or money on the ground floor and streets. The tenant was Scott G. Stephenson, CEO, French restaurant in ground floor, while order to the City of New 2,500 square feet in the represented by exercised options on Greenpoint. The menu, women’s ready-to-wear, York, Parks and basement of 305 Canal St. Christopher DeCrosta of 137,500 shares of common which is inspired by the shoes and accessories are Recreation. To make Both tenant and landlord Crown Retail Services. stock at $17.24 per share southwest France region, on the second floor. Men inquiries, contact Michael were represented by Steve The landlord, Empire on Nov. 2, in a transaction includes duck with have the same on the third Shipman at (718) 760-6705 Rappaport of Sinvin Real State Realty Trust, was worth $2,370,500. On the quinoa, roasted peppers floor. or michael.shipman@ Estate. The asking price represented by Matt same day, he sold 85,744 with anchovies, and fried parks.nyc.gov. was $140 per square foot Chmielecki, Andrew of common stock at prices Brussels sprouts. for the total space. Goldberg and Fred ranging from $70.22 to BANKRUPTCIES GOODS AND SERVICES Posniak of CBRE. The ask- $71.23, in a transaction Riddling Widow Economic Development Men’s sports coat coming rent was $450 per worth $6,046,598. He now 127 MacDougal St. 961-969 Westchester Corp. pany Hickey Freeman square foot. directly owns 648,277 Acclaimed restaurateur Ave. Corp. Seeks requests for propos- signed a 10-year lease for shares. Ravi de Rossi opened a 1299 Jerome Ave., Bronx als by 4 p.m. on Jan. 27 974 square feet in a lower sparkling-wine and Filed for Chapter 11 bank- from qualified developers Manhattan complex at STOCK TRANSACTIONS Salesforce.com Inc. Champagne bar in ruptcy on Oct. 26. The fil- for the lease of a parcel of 230 Vesey St. The tenant (CRM) Greenwich Village. The ing cites estimated assets land located along the was represented by John Avery Dennison Corp. Marc Russell Benoiff, CEO, establishment also offers of $1,000,001 to $10 mil- eastern side of the Brod of ABS Partners Real (VRSK) sold 37,500 shares of com- nonsparkling white and lion and estimated liabili- Edenwald site at 1250 E. Estate. The landlord, Dean A. Scarborough, mon stock at prices ranging red wines. Menu items ties of $1,000,001 to $10 229th St. in the Bronx for Brookfield Property CEO, exercised options on from $77.27 to $78.47 include oysters on the half million. the development and Partners, was represented 100,000 shares of common between Oct. 28 and Oct. shell and cheese plates. operation of a recreational by Stephen Plourde, for- stock at $59.47 per share 30, in a transaction worth Luxury Marketing Inc. and community facility of merly of the McDevitt Co. on Oct. 30, in a transac- $2,923,944. He now indi- Vespa Manhattan 40 Republic Road, at least 45,000 buildable The asking rent was $400 tion worth $5,946,500. On rectly holds 37,462,500 6 Grand St. Melville, L.I. square feet. An optional per square foot. the same day, he sold shares. Piaggio Group opened its Filed for Chapter 11 bank- informational session will first North American con- ruptcy on Nov. 3. The filing be held at noon on Dec. 2 cept store, in SoHo. Aside cites estimated assets of at NYCEDC, 110 William DEALS ROUNDUP from its trademark Vespa $50,001 to $100,000 and St., fourth floor. To make motor scooters, the new estimated liabilities of inquiries, contact Maryann TRANSACTION SIZE TARGET/SELLERS (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE dealership will offer all of $100,001 to $500,000. The Catalano at (212) 312-3969 Piaggio’s prestigious brands, creditors with the largest or edenwaldrecreationfa- Dyax Corp./ $6,539.3 Shire Pharmaceuticals SB M&A including Aprilia and Moto unsecured claims are the [email protected]. Baker Bros. Advisors (Manhattan); International Federated Equity Management Co. Guzzi. The store will also Internal Revenue Service, of Pennsylvania; FMR Co.; sell motorcycle accessories owed $59,000; American HealthCare Royalty Partners; such as biker jackets made Express, owed $22,000; REAL ESTATE DEALS RA Capital Management from Italian leather. and the New York State MedAssets Inc./ $2,775.2 Pamplona Capital SB M&A Department of Taxation COMMERCIAL Fidelity Management Management, Private Equity and Finance, owed $11,000. Xcel Brands signed a 12- & Research Co.; COMPANY MOVES year sublease for 29,566 Starboard Value (Manhattan); T. Rowe Price Associates Inc. New Creators Inc. d/b/a square feet at 1333 Mackage Sushi Sasabune NY Broadway in midtown. Cardioxyl Pharmaceuticals Inc./ $2,075.0 Bristol-Myers Squibb Co. SB M&A 1122 Madison Ave. 401 E. 73rd St. The media company will New Enterprise Associates; (Manhattan) The Canadian luxury out- Filed for Chapter 11 bank- occupy part of the 10th OrbiMed Advisors (Manhattan); Osage Partners; Aurora Funds Inc. erwear brand opened a ruptcy on Oct. 29. The fil- floor in the 12-story build- pop-up shop in October ing cites estimated assets ing between West 35th Constant Contact Inc./ $1,112.1 Endurance International Group SB M&A on the Upper East Side. of $100,001 to $500,000 and 36th streets. The ten- Holdings Inc. The six-month pop-up is and estimated liabilities of ant was represented by Bantam Group Inc., the second outpost for the $100,001 to $500,000. The Robert and David Emden investment arm; BlackRock Inc. (Manhattan) retailer, whose permanent creditors with the largest of Newmark Grubb Knight location is at 123 Mercer St. unsecured claims are Kenji Frank. The landlord, COM DEV International Ltd./ $358.8 Honeywell International Inc. SB M&A Open 10 a.m. to 7 p.m., Takahashi, owed Global Brands Group, was Beutel Goodman & Co.; Monday to Saturday, and $100,000; Masaru represented by Ben Bass, Crescendo Partners (Manhattan); I.A. Michael Investment 11 a.m. to 6 p.m. on Takahashi, owed $30,000; Alexander Chudnoff, Counsel Ltd.; Van Berkom Sunday, the clothing store and True World Foods New Mitchell Konsker and Dan and Associates Inc. offers women’s and men’s York, owed $3,146.98. Turkewitz of JLL. The ask- items from Mackage’s ing rent was $52 per Selected deals announced for the week ended Nov. 5 involving companies in metro New York. SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing shares of a company without fall/winter 2015 collection. square foot. the participation of a financial buyer. GOVERNMENT SOURCE: CAPITAL IQ Numero 28 CONTRACT AARP signed a 10-year 68 Bergen St., Brooklyn OPPORTUNITIES lease for 16,057 square feet The Neapolitan mini- on the third floor at 99 ABOUT THIS SECTION For the Record is a weekly listing to help businesspeople in the New York area find CONSTRUCTION Park Ave. * chain opened a store on The tenant was opportunities, potential new clients and updates on customers. Bankruptcy filings from the Bergen Street in Cobble Department of Parks represented by William Eastern and Southern districts of New York are listed alphabetically, as are recently Hill. Its Brooklyn menu and Recreation Iacovelli, Michael announced New York City agency contract opportunities. Real estate listings are provided will include the same Seeks competitive sealed Monahan and Mark in order of square footage. Stock transactions at New York’s largest publicly held Italian dishes as its other bids by 10:30 a.m. on Nov. Ravesloot of CBRE. The companies were filed with the Securities and Exchange Commission. Listings are in order locations, such as chicken 30 for the reconstruction landlord, Eastgate Realty, of transaction value, and the information was obtained from Thomson Reuters. scaloppini and its trade- of the Joseph DeVoy was represented by Diana To submit company openings, moves or real estate deals, or to receive further information, mark wood-fired Playground, located at Biasotti, Harley Dalton and email [email protected]. margherita reginella. Union Turnpike and 71st Paul Glickman of JLL. The

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PHOTO FINISH

Socket to me n Clinton Street below Grand, drivers can get a quick boost mid- O way through their shifts—not from a cup of coffee but from an electric outlet. A fill-up at the quick-charge Aerovironment station takes half an hour to top off an electric vehicle, but costs only $7. The station was set up in 2013 for the Seward Park Cooperative as part of the Electric Taxi Pilot Program to test whether the city was ready to switch to the cleaner vehicles. Though Nissan had planned to outfit six electric taxis to complement the program, only two hacks were using the cars by the end of the pilot program in 2015, according to the Taxi and Limousine Commission. None are in use today. Con Edison estimates that 3,000 electric vehicles are cruising silently through New York City and Westchester County, but the city’s network of 260 public chargers is pal- try by European standards. Amsterdam has more than 2,000 slow- and quick-charging ports. “To put it bluntly, the city really has- n’t done a lot for [electric vehicle] charging,” said Jeremy McCool, whose Brooklyn-based company HEVO Power is developing proto- types for wireless chargers. McCool said red tape has tangled up efforts to allow chargers streetside (others are being installed in parking lots and garages). The Department of Transportation, Taxi and Limousine Commission, Con Ed and sometimes even the Parks Department have a say—which often is that chargers are too ugly and pose safety and vandalism risks. McCool said the ports are a potential revenue stream for Con Ed. He urged the utility to take after its European counter- parts: “The grid management companies put up charging stations, then they asked for forgiveness.” — PETER D’AMATO PETER D’AMATO

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