IN THE BOROUGHS Three amigos boost Bronx business CRAIN’S® FPO PAGE 3 BUSINESS

VOL. XXIX, NO. 29 WWW.CRAINSNEWYORK.COM JULY 22-28, 2013 PRICE: $3.00

INFRASTRUCTURE REPORT Merger boomlet Tunnel vision goes bust It took 44 years and $5 billion, but an aquatic artery ’s dealers is finally built. faucets will never run dry hit worst dry spell in decade despite big BY DANIEL GEIGER uptick in early 2013

It’s the biggest infrastructure project that no BY AARON ELSTEIN one has ever heard of, and if all goes well, no one will even notice. Yet without this near- It looked as though Wall Street’s lucra- ly $5 billion behemoth, Manhattan could tive deal-making machine was back well run dry. big-time in February, when, in mere It is the city’s Water Tunnel No. 3, begun days,Warren Buffett teamed up with a when Richard Nixon was in the White private-equity firm to acquire Heinz House, worked on in fits and starts ever since, for $23 billion, American Airlines and US Airways announced an $11 billion and about to deliver its first 350 million- merger, and Dell Inc. popped up with gallon daily dose of water to an area stretch- a $24 billion leveraged buyout offer. ing all the way from West 79th Street to low- And then, as quickly as the merger er Manhattan.Turning on the latest 8.5-mile boomlet had begun,it was over.In fact, leg of the tunnel is a historic occasion.While 2013 is shaping up to be the slowest no celebrations are yet planned, experts are al- year for corporate mergers and acqui- ready beginning to breathe easier. sitions since 2004, with activity down “For someone like me, who struggles to 11% from last year. “It’s clear that the pace of M&A ac- get to sleep at night, it will be a big relief to tivity has declined materially from have another major artery that feeds Man- 2012, which was itself a relatively slow hattan,” said James Roberts, the deputy period,” lamented Scott Bok, chief ex- commissioner of the city’s Department of ON TAP: Turning on See MERGERS on Page 23 Environmental Protection, the tunnel’s the latest leg of the city’s third water builder. “Tunnel No. 1 has been in continu- tunnel will be a ous service for a century, and because of that historic occasion. we’ve never had a chance to even inspect it.” Meanwhile, the problem with Tunnel Bloomberg No. 2, which was finished in 1936, is that it serves only , and Staten Is- land. For just over 80 years the fate of Man- bigs head hattan has hinged on a single, increasingly leaky, now 96-year-old conduit. Finding the billions of dollars to build a for the exits new tunnel was always going to be diffi- cult. Unlike other grand infrastructure projects—the extension of the No. 7 sub- Sadik-Khan, Burden way line, a new park along the Hudson River, or a replacement for ’s mull biz partnership Goethals Bridge—the public will not ride as the exodus begins on, lounge in, cross over or even see the new water tunnel. In fact, the only sign of BY ANDREW J. HAWKINS its existence will be that pristine water con- tinues to flow uninterrupted from Manhat- The city’s transportation chief, Janette See WATER TUNNEL on Page 17 Sadik-Khan, and planning czar, Amanda Burden, are close friends who

dep share a passion for creating vibrant, sustainable cities.They have been trav- el companions—to India,Amsterdam, MORE INFRASTRUCTURE Rotterdam, Copenhagen—and even Modular constuction has its moment P. 13 sat next to each other at a recent bene- fit gala honoring Ms. Sadik-Khan. ELECTRONIC EDITION Largest construction firms P. 14 And when the Bloomberg admin- THE LISTS istration draws to a close this year, the Largest architecture firms P. 19 powerful pair could go into business NEWSPAPER See BLOOMBERG on Page 24 EDITOR’S NOTE

All a-Twitter FYICRAINSNEWYORK.COM

I started in the office earlier than usual last Monday, determined to Hospitals seek Rx for their share my awesomeness with my tens of followers in the Twitter- market ills in huge merger sphere. As @GlennCNYB, yours et ready for it.The title of largest medical truly tapped out several 140- system in the city will soon pass to Mount character riffs on stories in that Sinai Health System, the product of a day’s issue of Crain’s New York @GlennCNYB G merger of Mount Sinai Medical Center and Business. Awesome, right? Then I Continuum Health Partners.The tie-up won flipped through last Monday’s board approval last week. Regulators willing, the issue of sibling publication Crain’s Detroit Business.

new behemoth will be born this fall. buck ennis “Whoa,” I tweeted, “@crainsdetroit EIC Keith The merger comes amid a wave of hospital Crain writes that ‘Bankruptcy is inevitable for consolidations nationwide as health systems adapt to the federal health reform law and new Detroit.’ ” Translation: Detroit’s editor in chief methods of reimbursement that emphasize quality of care over sheer volume. Mount Sinai’s (who’s also chairman of our Detroit-based parent bigger footprint will let the system emphasize prevention and manage patients’ health, not company and the brother of my editor in chief, just acute-care medical issues, said Donald Scanlon, Mount Sinai’s chief financial officer. Rance Crain) had written in his weekly column: But the merger of seven hospitals comes at a time when demand for inpatient services is plum- “There are plenty of folks in this country to whom meting. More patients are being treated at ambulatory-care facilities, and far fewer are being the city of Detroit owes money. We’re talking a lot hospitalized. Hospitals make money by filling beds. When those beds go empty, revenue falls. of money, billions of dollars. The city owes it to The closure plan filed last week for Long Island College Hospital in Brooklyn is the latest them yesterday, today and tomorrow. Plenty of reminder of the fragility of hospital finances. —barbara benson tomorrows.” Just three tomorrows later, Detroit offi- cials filed ’s biggest municipal bankruptcy, SEC ACCUSES COHEN OF NEGLIGENCE. seen is whether JPMorgan Chase will citing more than 100,000 creditors and nearly $20 The Securities and Exchange Com- admit to doing anything wrong. … HOORAY! in debt. Awesome, in a different way. New York mission charged billionaire hedge SILVERSTEIN’S AIRLINE CLAIM TWINKIES ARE BACK, twitterati were soon warning that Motown’s misery manager Steven Cohen of failing to GROUNDED. A judge ruled against de- thanks to private-equity prevent two employees from insider veloper Larry Silverstein, who had firms Apollo Global could be repeated in Gotham, where our municipal Management and trading. A civil enforcement action sought $3.5 billion from American Metropoulos & Co., which unions have been working without contracts for was filed against the head of SAC and United airlines, whose planes hit paid Hostess years in hopes of persuading the next mayor to sign Capital Advisers. The SEC wants to the World Trade Center on Sept. 11. $410 million off on nearly $7 billion in catch-up raises. It may be bar Mr. Cohen from overseeing in- Mr. Silverstein, who had leased the for the vestor funds. ... BIG BANKS IN CLOVER. Twin Towers in 2001, sued, blaming brand. a strained comparison, considering ’s The nation’s biggest banks reported the airlines for negligence. The carri- stronger financial fundamentals. Still, as Citizens strong second-quarter earnings. Net ers said the developer was covered by Budget Commission President Carol Kellermann income at hit $4.2 billion, insurance and should not be double- rightly emailed me last Friday: “Detroit’s situation the highest since 2007. Meanwhile, dipping.… CITY JOB BOOST. The city’s OY VEY! Goldman Sachs’ profit doubled, to job outlook is sunnier. In the first half MOCKINGBIRDS should remind voters [here] why prudent and com- $1.9 billion,from the same quarter last of the year, a total of 60,700 new jobs attacked petent city management is so important. Both city year. Morgan Stanley also posted a were created—the highest rate of patrons of Transmitter Park and union officials should be reminded why coming strong rebound in net income,up 66% growth of any six-month period since in Brooklyn. to the table and bargaining in good faith, based on from a year ago, to $980 million. The 2000.More New Yorkers are out look- Nesting season downside for banks is ing for jobs,and com- is winding down, what the city can afford to pay, is critical.” Usually in and the birds that their strong re- ‘Every once in panies are picking up are protecting

life, 140 characters is merely the start of a story. sults will likely be their hiring efforts.… their hatchlings. istockphoto seized on by regula- a while, there LONELY LADY LIBERTY. tors who say the insti- is a perfect Fewer people are THIS WEEK IN CRAIN’S tutions can well afford flocking to the Statue to visit both islands.… MAYOR TO CITY: tougher regs. … JPM storm—on of Liberty since it re- STEP UP. Mayor FACING RECORD FINE. opened July 4. Visitor wants New Yorkers to take the stairs to IN THE BOROUGHS------3 JPMorgan Chase is television’ numbers were down burn calories. He proposed requiring —Thomas Vitale, vice IN THE MARKETS------4 reportedly seeking to by about 8% from July new buildings to install glass doors to settle charges that it president of programming 4 to July 15,compared stairwells to make them more wel- THE INSIDER ------6 manipulated electrici- at the Syfy channel, with the same period coming. He also wants signs posted announcing that the sequel BUSINESS PEOPLE ------7 ty markets in Califor- last year, according to near elevators to encourage people to nia and the Midwest. to Sharknado, a movie ferry company Statue use the stairs.… TECHIE TOSSES HAT IN REAL ESTATE DEALS ------9 The settlement with about a tornado of killer Cruises. The decline RING. Tech entrepreneur Jack Hidary sharks, will be set in SMALL BUSINESS ------the Federal Energy translates to nearly is entering the New York City mayor’s 9 New York Regulatory Commis- 2,000 fewer people a race. The founder of job-search web- OPINION ------10 sion could result in a hefty fine, one day going to Liberty Island.The ferry site Dice.com will run as an independ- GREG DAVID------11 that could even top the $435 million company says our beastly weather has ent and will model his approach on the penalty against British bank Barclays nothing to do with the drop, and in- current mayor’s nonpartisan style of REPORT------13 for its tampering with the California stead blames the ongoing closure of leadership. NEW YORK, NEW YORK CLASSIFIEDS ------21 energy market. What remains to be , noting that tourists want —amanda fung Andrea Miller and her SOURCE BREAKFAST------Gallim Dance troupe are 26 shaking up the art form. P. 25 OUT AND ABOUT ------27 STORIES TO WATCH THIS WEEK vol. xxix, no. 29, july 22, 2013—Crain’s New York Business (issn 8756-789x) is published week- ly, except for double issues the weeks of July Fourth, July 29, Aug. 12, Labor Day and Christmas, by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals July 22: City July 24: Iconix July 25: Bids due July 25: McGraw postage paid at New York, N.Y., and additional mailing offices. Postmaster: Send address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, Planning to vote on Brand Group for New York Hill Financial MI 48207-2912. for subscriber service: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one ’s reports second- Mercantile reports second- year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2013 by Crain Communications Inc. All rights reserved. Kingsbridge quarter 2013 Exchange Building quarter 2013 Armory ice rink earnings. at 1 North End Ave. earnings.

2 | Crain’s New York Business | July 22, 2013 IN THE BOROUGHS Audubon Society flying high BRONX A balanced budget Eatery and a bigger nest egg have recharged BIRD ADVOCATE: morphs to David Yarnold has the nonprofit transformed the Audubon Society by exemplar BY THERESA AGOVINO cutting expenses and boosting fundraising. Jane Alexander had been participat- Cuban spot’s success ing in the National Audubon Soci- ety’s annual Christmas Bird Count boosts Latino owners for years, but the 2010 event stood and its neighborhood out for two reasons: It was a partic- ularly nasty day, and the group in- cluded David Yarnold, who had BY ANDREW J. HAWKINS been appointed the nonprofit’s president and chief executive a few Within minutes of opening on a months earlier. tropical Tuesday afternoon recently, Despite being a self-described Havana Café on East Tremont Av- passionate bird-watcher for more enue in the Bronx was packed. Hun- than 40 years, Ms. Alexander gry locals lined the bar, sipping moji- thought Audubon was a sleepy or- tos and munching bacalaitos, a ganization. She sat on the boards of traditional Cuban cod fritter.In back, the Wildlife Conservation Society business types filled the tables, push- and the American Bird Conservan- ing iPads aside to make room for bas- cy instead. After meeting Mr. kets of empanadas and plantains. Yarnold and following his actions, Up front by the door, the restau- she changed her mind. rant’s owners—Ruben Rodriguez, Earlier this year, she joined the Troy Perez and Kevin Alicea—ex- board, which got a jolt of star pow- changed hugs with favored cus- er in 2012 when Silver Lake Part- tomers, including hip-hop pioneer ners co-founder David Roux and Grandmaster Caz, and marveled at Gilt Group co-founder Alexis the success of their three-year-old Maybank took seats. business. “I’m really impressed with the “And it’s just lunchtime,” Mr. direction David [Yarnold] is taking Alicea exclaimed. Audubon,” said Ms. Alexander, a Business is so good that in Au- former National Academy of the gust he and his partners will expand Arts director and an award-winning the café into the neighboring store- actress. “It has a new energy.” front, and six weeks later open a Since joining Audubon nearly Mexican-themed restaurant nearby three years ago, Mr. Yarnold has on East Tremont. Meanwhile, they transformed the nonprofit that have sunk $300,000 of their own seeks to preserve bird habitats by money into renovating three con- conserving land. He trimmed staff cession stands they took over last

See AUDUBON on Page 20 buck ennis See EATERY on Page 12 Eyewear upstarts see their way STATS AND THE CITY by Emily Laermer ANOTHER SCORCHER: Last week was so sweltering hot that the National clear via new selling methods Weather Service piled on the advisories.

wear the same pair of glasses on a date launching their own eyewear sites. 6 +7° Lower prices, clubs, NYC’S AVERAGE as you would to a board meeting?” These companies, eager for a piece CONSECUTIVE DAYS vending machines NYC temps hit 90 TEMPERATURE No longer just for people who of the $9.4 billion industry in the DIFFERENCE vs. the can’t see, glasses are now for people U.S., are breaking up the strangle- degrees last week. bring more styles The average last July burbs, thanks who want to be seen but don’t want hold eyewear giant Luxottica has was 78.8 degrees to all the concrete to spend a fortune. In- on the industry. BY ADRIANNE PASQUARELLI store sales are expected “We wanted to be to be up nearly 4% this the first stand-alone On Saturday, three-year-old eye- year over 2012, com- designer e-commerce 60% 27K wear brand Warby Parker will open pared with a 1.5% rise site dedicated solely to INCREASE IN EMERGENCY-RESPONSE a 1,500-square-foot store in the between 2009 and eyewear,” Ms. Rowley GELATO ORDERS at call volume for meatpacking district, its second 2010, reports research said.“It’s a proven mod- Eataly, compared with July 11-17, up Manhattan shop in three months.In firm IBISWorld Inc. el,one that is disrupting an average week. At 2.4% from June, competitor Tortoise & Blonde Nerdy plastic frames and sort of reinventing 16 Handles, sales the same debuted its first retail outpost inside of the Buddy Holly vari- the eyewear business.” rose 20% week last year the hipster chain Urban Outfitters. ety, or the horn-rims fa- Milan-based Luxot- And Williamsburg,Brooklyn-based vored by Malcolm X, tica, with $9.3 billion in eyewear club Monocle Order re- have been in vogue for revenue, owns Ray-Ban 12 DAYS 13.3K Sources: National Weather cently started selling sunglasses via a several years. A host of and Oliver Peoples, and LENGTH OF NYC’S MEGAWATTS of Service, Weather Channel, FDNY, New York State vending machine at a nightclub. new companies, led by holds licenses for longest heat wave, Con Ed voltage used by Energy Research & “We want to let the consumer inexpensive-frame pio- designer labels Ralph in 1953 NYers on July 19, a record Development Authority, Consolidated Edison Inc., know they can have multiple pairs of neer Warby Parker, are Lauren and DKNY. It also Eataly, 16 Handles istockphoto frames for different occasions,” said making them more af- SHADY STUFF: owns retail chains Evan Weisfeld, co-founder of Tor- fordable. Designers such Monocle Order’s Sunglass Hut and ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY toise & Blonde. “Why would you as Cynthia Rowley are nightclub outpost See GLASSES on Page 20

July 22, 2013 | Crain’s New York Business | 3 IN THE Fatty Crab lands big partner MARKETS “We traveled the country and the Game in Hudson, N.Y., though he by Aaron Elstein Asian-food chain world to figure out what spots we may consult on new menus. taps Stephen Starr wanted to hit next,” said President The first joint venture will open in Rick Camac. “Our last stop was in Washington, D.C., in about three to in bid to go national Philly, the closest city to us, and all six months. The team is seeking ex- the restaurants I loved were Stephen isting restaurant spaces, cutting Starr restaurants.” down on build-out time and expens- BY LAURA LORENZETTI es.Each new eatery will cost between City-specific menus $600,000 and $2 million, depending Fatty Crab is clawing its way to the That gave Mr. Camac the idea to on the size and location. top. reach out directly to Mr. Starr to “You have a growth-concept com- New York restaurant group Fat- gauge his interest in opening up a pany that’s going to have an organi- ty Crew, owner of the popular Fatty series of Fatty Crab restaurants to- zation behind it that really under- Crab and Fatty ’Cue concepts, has gether. stands the industry and can provide inked a deal with Philadelphia- “Very simply, I love their opera- resources,” said Gary Levy, a partner based restaurateur Stephen Starr to tion and I love their name,” said Mr. with CohnReznick who advises some go national. Mr. Starr, owner of Starr. “We want to be a part of their of the top restaurateurs and chefs. Buddakan and Morimoto, will help growth, and I think with our name The Starr partnership is part of open Fatty Crab restaurants in eight and their culinary credentials, we Mr. Camac’s business plan to grow cities in the U.S.and one in London. can do really well.” Fatty Crew. He will continue to run The Starr partnership signals the Starr Restaurants will be the oper- the existing Fatty Crew-owned and latest growth spurt in Fatty Crew’s ator and will run the day-to-day man- -operated stores, maintain licensing expansion of its Southeast Asian agement. Fatty Crew will collaborate deals such as the Williams-Sonoma dining concept, which aims to grow on the dining experience and develop Fatty ’Cue sauce collection, develop newscom to a $60 million to $80 million com- city-specific menus that focus on lo- partnerships such as the one with pany within the next five years. Fat- cal and seasonal ingredients. Chef Starr,continue to grow its wholesale ty Crew owns four restaurants in Zakary Pelaccio, while still a partner business with outlets such as the New York City, one in the U.S. Vir- in Fatty Crew,stepped out of the day- Barclays Center food court and Detroit ain’t even gin Islands and a recently opened to-day operations two years ago to fo- FreshDirect, and build a new cater- Fatty Crab in Hong Kong. cus on his restaurant venture Fish & ing division. Ⅲ the half of it cohnreznick.com/think s a general rule of thumb, any time the municipal- bond market makes big news, the news is bad, A ordinarily because this $3.7 trillion marketplace is as exciting as a meeting of the local mosquito-abatement council. Then came last week’s bankruptcy in Detroit. “No disrespect intended, but the truth is that Detroit is a second- or third-tier problem,” said Matt Fabian, a managing director of Municipal Market Advisors, a leading independent research firm.

The reason why Mr. Fabian bonds.That,of course,means more ranks the largest municipal bank- selling pressure, which means low- ruptcy in American history so low er bond prices and still higher inter- in terms of impact is simple: Rising est rates to persuade investors to interest rates and a wild investor overcome their aversions. stampede out of the market have For some on Wall Street, an in- done far more damage. dustry that knows all about bailouts For state and local governments, and government assistance, the rising interest rates mean higher troubling thing about Detroit’s borrowing costs. That shift already bankruptcy is that no bigger govern- has forced some issuers to postpone ment entity stepped in to rescue it. bond offerings in the hopes that It’s an article of faith among muni- rates will recede. The state of New bond investors that somehow, some York, the nation’s largest municipal way,they will get paid no matter how borrower last year, is heading for its dire an issuer’s financial situation. steepest drop in issuance in a decade, “In the past, Michigan had a according to Bloomberg.(The decline good reputation as a state helping has made New York’s existing bonds out its localities when they were in What does more valuable, by the way.) difficulties,” groaned Richard Larkin, As states and cities head for the a muni-bond analyst at brokerage sidelines, they’re finding a lot of firm H.J. Sims. CohnReznick their investors already there. Retail But Detroit was in just too big a investors have yanked money out of hole for Michigan to fill. Maybe the think? muni-bonds mutual funds for eight Motor City is a special sort of basket consecutive weeks, according to re- case, but there are lots of financially search firm Lipper Inc., and for 17 troubled cities and towns, including Game-changing insight can guide your of the past 20. plenty in New York. Imagine if state Mr. Fabian said the Detroit or federal governments decided they business forward. Find out what CohnReznick bankruptcy could simply trigger just couldn’t afford to rescue them. thinks at CohnReznick.com/think. further outflows as more investors The muni-bond market is starting become aware of the risks in muni to think about that. Ⅲ

THE NUMBER OF MUNICIPALITIES in the state of New York experiencing “some level of 24 fiscal stress,” according to Comptroller Thomas DiNapoli (pictured). The stresses include low fund

CohnReznick is an independent balances, patterns of operating deficits and inadequate member of Nexia International cash on hand. Cities under the greatest stress include Niagara Falls and Ramapo, in Rockland County.

4 | Crain’s New York Business | July 22, 2013 Protecting people’s savings is Alice’s business. We’re proud she’s made it our business, too.

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Products and services not available in all areas. Actual speeds may vary. Some restrictions apply. Time Warner Cable Business Class is a trademark of Time Warner Inc. Used under license. ©2013 Time Warner Cable Enterprises LLC. All Rights Reserved. THE by the hospital for promotion on home the pastrami,” as they say in for landing part-time jobs for his INSIDER The Dov Hikind Show this year, a Mr. Hikind’s district. But the intri- sons in 2011 with fellow Brooklyn by Chris Bragg hospital executive confirmed. Mai- cate web he weaves with public Assembly members, with salaries monides also lobbies the state gov- funds and local nonprofits has land- just high enough to entitle them to ernment and Mr. Hikind. ed him in hot water before: In 1998, government health care. In fact, Mr. Hikind’s company, he was charged with taking bribes Two years ago,Mr.Hikind’s son- DYS Production, receives checks from from a social-services group that re- in-law, Rabin Rahmani, a doctor in his a number of businesses, though the ceived state funds. Mr. Hikind was early 30s and just off a residency and Brooklyn lawmaker’s assemblyman has repeatedly failed acquitted, though the official who fellowship at Maimonides, raised to disclose income from the firm, as paid him was convicted. eyebrows among colleagues by required. In his July filing, Mr. Mr. Hikind, who has spoken at landing the post of director of med- radio silence Hikind listed no outside income in ceremonies honoring Maimonides ical education and research at the 2012 beyond his legislative pay of officials, frequently promotes the hospital’s gastroenterology division. $99,000. hospital in his governmental Dr. Rahmani, Deena’s husband, has After an inquiry from Crain’s, Mr. newsletter. Maimonides, which has promoted the hospital as a guest on ssemblyman Hikind amended his financial dis- thrived as other nonprofit hospitals Mr. Hikind’s radio show. A hospital Dov Hikind closures dating back to 2006 to re- have struggled financially, has tout- spokeswoman said Mr. Rahmani took a minute flect income from the company. ed its ties to elected officials who was exceptionally qualified for his A Only for last year did Mr. Hikind help secure funding.But hospital of- post. out of his weekly radio have to list the approximate amount: Maimonides buys four 30- show recently to between $5,000 and $20,000.Public second spots per hourlong program promote a health- records don’t show where the rest of For years, Hikind and gets “dozens” of appearances on screening event his DYS Production’s revenue went. the show annually for its physicians, Advertisers on his AM radio did not disclose according to Barry Ensminger, the office was holding show range from home-health- hospital’s vice president of external with Maimonides Medical care company At Home Solutions to income from his affairs. Center, a hospital in his travel agency Do All Travel, according AM talk show “The reason we advertise on the Borough Park district. to recordings reviewed by Crain’s. radio show is that it’s very widely lis- “We sell enough advertising that tened to in the Orthodox communi- “I will be there, with God’s this show has become extremely ty,” he said. The hospital also buys help, to go through these tests successful financially,” Mr. Hikind space in Orthodox Jewish publica- myself,” Mr. Hikind said, his told City & State in 2008. “That tions such as Hamodia. He added voice booming through to a makes my wife a little happier ficials said Maimonides’ payments that Mr.Hikind’s show accounts for about it.” to Mr. Hikind’s company pose no a small part of the hospital’s adver- heavily Orthodox Jewish But the state’s Legislative Ethics conflicts on their end, and that it ad- tising budget. audience, which regularly Commission would not say whether he vertises on his show to reach local “It’s something we’ve been doing tunes in to his Saturday- had ever asked if payments from ad- residents.Borough Park is a famous- for years and years,” Mr. Ensminger vertisers that lobby him could repre- ly insular community. said. He said the hospital’s lobbying night politics program. sent a conflict of interest. His office Dick Dadey, executive director of of Mr. Hikind is separate from its The longtime Brooklyn declined requests for comment. good-government group Citizens marketing activities. lawmaker was not merely Mr. Hikind’s three decades in Union, said it makes sense for Mai- Records show that in 2011 the doing a public service. An office give him considerable sway. monides to buy time on Mr.Hikind’s hospital spent $470,000 on lobby- The Assembly’s assistant majority program.The problem is that the as- ing, including of Mr. Hikind and advertising firm he owns leader, he rarely sponsors legislation semblyman repeatedly failed to the Legislature. Its Albany efforts

newscom is being paid $65,000 but is known for his ability to “bring make his outside income public. have been fruitful: In 2011, $13 “The fact that he didn’t disclose million of its $16.7 million in gov- it raises the question of why he ernment grants came from the state didn’t,” Mr. Dadey said. “If there’s Department of Health. no conflict, why not disclose it?” A Maimonides spokeswoman In the wake of numerous scan- said the hospital simply informs dals in state government, Gov. Brooklyn lawmakers of new servic- earlier this month es and funding needs, and that its formed a commission to investigate lobbying does not single out Mr. corruption. Mr. Hikind has not Hikind. been accused of wrongdoing since The assemblyman has supported his trial 15 years ago. zoning changes that have helped Own a piece Other aspects of Mr.Hikind’s ra- Maimonides expand over the past dio show also overlap with his pub- decade. Some locals charge that po- lic office. Political candidates have tential dissent is headed off by hos- often paid Mr. Hikind’s company, pital officials’ money, including to of Luxury appeared on his show and been en- Mr. Hikind’s campaign fund. dorsed by him. The show is co- “Maimonides keeps all the elect- hosted and run by Dov Cohen, an ed officials happy with campaign Own a piece of New York $80,000-a-year full-time aide in donations from [hospital President] Mr. Hikind’s Assembly office, and Pam Brier and her husband [Peter has shared space with Mr. Hikind’s Aschkenasy],” said William Handler of 8,764–17,781 SF longtime political club, the United the Boro-Park West Community Associa- New York Democrats. The club often tion. “They place advertisements in Commercial Condominiums Available paid the rent on the space between all the local newspapers.Communi- 2006 and 2009, but as its campaign ty groups get donations. Everybody account was shut down in recent who could politically oppose the Downtown · Manhattan years, payments were made from hospital gets a donation.” Mr. Hikind’s own campaign fund to Meanwhile, Mr. Hikind’s radio the building’s landlord. Campaign program is thriving. With the 2013 funds cannot be used for a candi- races for mayor and other city offices date’s business expenses. heating up, candidates will angle for Borough Park insiders said Mr. appearances and perhaps sponsor Hikind talks privately about the shows to court the Orthodox vote OVER 60% SOLD money generated by the show, but and Mr. Hikind himself. The law- ONLY 3 UNITS REMAIN some assumed it went to charity.“It’s maker announced on a recent show really something I have no idea that in August the program will about,” said Zev Brenner, a popular ra- move to 620 on the AM dial and air dio host who sells airtime on WMCA Wednesday evenings instead of Sat- David Lebenstein Stephen Bellwood Edward Kent 570 for The Dov Hikind Show. urday nights. The Dov Hikind Show 212.318.9737 212.318.9785 212.318.9772 DYS is named after Mr.Hikind’s is heading to prime time. Ⅲ [email protected] [email protected] [email protected] three adult children: his daughter, CASSIDY TURLEY 277 , New York, NY 10172 | cassidyturley.com Deena,and sons,Yoni and Shmuel.The LISTEN to a discussion at lawmaker was in the news recently CrainsNewYork.com/podcasts

6 | Crain’s New York Business | July 22, 2013 BUSINESS 200K Businesses in NYC with 500 or fewer employees PEOPLE Source: NYC Department of Small Business Services

EXECUTIVE MOVES

Society of Memorial Sloan-Kettering Cancer Center: Martha Vietor Glass, 59, was appointed president of the nonprofit. She will continue as president of nonprofit consultancy VietorGlass Inc., which she founded. Madison Square Garden Co.: Ryan O’Hara, 44, joined the sports, media and entertainment company as president of content, distribution and sales. He was previously president and chief executive at Topps Co. JWT New York: Peter Sherman, 49, joined the advertising and marketing agency as chief executive. He was previously executive vice president and managing director at BBDO Europe. JBFCS: David Rivel, 51, was promoted to chief executive at the nonprofit. He was previously chief administrative officer. Child Center of NY: Traci Donnelly, 47, joined the nonprofit as chief operating officer. She was previously senior vice president and New York state IN THE PICTURE: region director at Alex Kalman is Phoenix House. launching an app Lowenstein Sandler: Elizabeth that will allow users Cundiff-Kluhspies, 42, joined the law to edit a one-minute firm as chief marketing officer. She movie. was previously practice development director for the Americas disputes buck ennis and competition practice at White & Case. GOTHAM GIGS GolinHarris: Andrea Morgan, 41, joined the strategic communications and public-relations firm as executive director and leader of its consumer marketing practice. She was previously managing director at Emanate. Artist follows in family’s Newsmax Media Inc.: Anthony Ziccardi, 44, joined as publisher of its Humanix Books division. He was previously vice president and Alex Kalman chooses the medium of his time: digital deputy publisher at Simon & Schuster’s Gallery imprint and Alex Kalman, 28, is a second-generation Camra, which allows users to organize shots, editorial director of the Threshold ‘There’s a imprint. downtown visual artist who chose his medium at make voice-overs and easily edit a one-minute RCA Records: Aaron Borns, 41, was difference an early age and hasn’t looked back. ¶ His mother movie on the go. ¶ “There’s a difference between promoted to head of pop/rock is the well-known Israeli-born illustrator Maira sharing a clip of a moment and sharing a story,” marketing at the music label. He was between previously senior vice president, Kalman, whose drawings often appear on the Mr. Kalman said, distinguishing the app from marketing. cover of . His late father,Tibor competitors Vine, which loops video, and gyro: Auro Trini sharing a The New Yorker Castelli, 41, joined Kalman, was a famous graphic designer who Instagram’s new short-videos feature. Still, the the advertising clip and challenged social norms. ¶ Mr. Kalman leaned app will also be a social-media sharing site, with agency as head of strategy. He was sharing toward the medium of his time, digital video, users’ feeds updated with videos from followers. previously senior making movies in high school, and co-founding “We really value stories,” he said. “We want to vice president and a story’ global strategy Red Bucket Films with two friends while at Bard give enough air to the stories so they can breathe director at College.The company has since sent The Pleasure and you can consume them. Our focus is to [have DraftFCB. of Being Robbed and Daddy Longlegs to the viewers] actually fall into a moment.” ¶ Mr. Lauren Glazer, 40, joined as client services director, a newly created Cannes and Sundance film festivals and created Kalman, who also founded an art space called the position. She was previously senior video campaigns for Kate Spade and Nike. ¶ This last year, said the app is already vice president and account director at BBDO. month, Mr. Kalman, who works out of a studio at stocked with short films. One video, for instance, Food Bank for New York City: Josh 368 , where writer-actresses Greta features an older, male barista who also works in a Cramer-Montes, 35, joined the nonprofit as senior director of Gerwig and Lena Dunham used to rent space, photo studio and is often included in fashion marketing and communications. He plans to debut a free video-editing app called shoots with famous models. —annie karni See EXECUTIVE MOVES on Page 8

July 22, 2013 | Crain’s New York Business | 7 CORPORATE LADDER EXECUTIVE MOVES

Continued from Page 7 MEDPAGE VP JUST WHAT THE DOCTOR ORDERED was previously director of A BLOG POST A DAY keeps the doctor … engaged, or at least that is the hope of Dr. Ivan Oransky, 40, the new vice president communications at Pro Mujer and global editorial director of MedPage Today, the arm of Everyday Health Inc. aimed at delivering medical news directly to International. health care professionals via a website and app. Citrin Cooperman: Joseph Ahn, 38, was pro- “I have news in my blood,” said the Harvard biology and New York University medical-school graduate. Dr. Oransky was moted to partner at the accounting firm. He was previously a director. previously on the editorial staff at Scientific American and The Scientist and most recently executive editor of Reuters Health. Craig Jacobson, 51, was promoted to “The opportunity to take MedPage to the next level is what drew me in. We want the health care providers we reach to help principal. He was previously a director. build—actually contribute to—the site, as the expertise and voices of great physicians and nurses are even better than Andrew Adler, 46, was promoted to our staff alone.” director. He was previously a manager. The need for more doctor-generated content is ushered in by a surge in the use of mobile devices at the point of care, Michael Dooley, 31, was promoted to said Dr. Oransky. Results of a MedPage Today survey released in July 2012 showed that more than two-thirds of doctors director. He was previously a manager. Kellen Prince, 32, was surveyed spent three or more hours a day on computers, and the No. 1 activity was reviewing medical news. “This is a promoted to director.

significant new role for MedPage Today,” said Paul Slavin, chief operations officer for Everyday Health. —EVA SAVIANO health,jill lotenbergeveryday for inc. He was previously a manager. Citibank: J. Bruce Meredith, 56, joined the financial group as senior vice president. He was previously a vice president at TD Bank. Outsource Consultants Inc.: Miguel Lizardo, 33, was promoted to vice presi- dent at the construction company. He was previously a manager at Sign-Offs. Nixon Peabody: Joseph Lynch, 50, was pro- moted to managing partner at the law firm. He was previously a partner in its affordable-housing practice. Hotel Indigo: William Mehalco, 30, was promoted to general manager. He was previously hotel and front-office manager. Davidoff Hutcher & Citron: Judith Joan Sullivan, 50, joined the law firm as a partner and chair of its international practice group. She was previously a partner at Anderson Kill & Olick. Foley & Lardner: Mark S. Mandel, 51, joined the law firm as a partner in its litigation department and securities enforcement and litigation practice. He was previously a partner at Schulte Roth & Zabel. Hogan Lovell: Michael Gilligan, 43, joined the law firm as a partner in its corporate practice. He was previously a partner in the corporate and mergers and acquisi- tions practice at Allen & Overy. Lowenstein Sandler: Michele J. Alexander, 43, joined the law firm as a partner in its business tax counseling and structur- ing practice. She was previously counsel at Wachtell Lipton Rosen & Katz. Raich Ende Malter & Co.: Jodi Bloom-Piccione, 47, was promoted to principal at the accounting, tax and business advisory services firm. She was previously a manager. Gigi Boudreaux, 49, was promoted to principal. She was previ- ously a manager. Brian Thaw, 40, was promoted to princi- pal. He was previously a manager. Ogletree Deakins Nash Smoak & Stewart: Brian Gershengorn, 35, joined the law firm as a shareholder. He was previously an associate at Proskauer. Kelley Drye & Warren: Deepak Nambiar, 38, was promoted to partner at the law firm. He was previously an associate. Campfire: Elena Parker, 27, joined the marketing agency as creative technolo- gist. She was previously a writer, story developer and associate producer at Robot Heart Stories. KPMG: Tracy Benard, 41, was promoted to accounting advisory services network leader at the audit, tax and advisory firm. She was previously financial serv- ices industry leader. —eva saviano EXECUTIVE PROMOTIONS The fastest way to get an announcement into Crain’s is to submit online. Fill out the form at www.crainsnewyork.com/section/ executive_moves. The Executive Moves column is also available online.

8 | Crain’s New York Business | July 22, 2013 REAL ESTATE DEALS PLUS

Dutch 3-D outfit executive, administrative and sales BARE BONES staff. At the same time, it inked a Cloud comes down outgrows office lease for a 25,000-square-foot loca- Shapeways, one of a fast-rising crop tion at 30-02 48th Ave. in Long of companies in the 3-D printing Island City,Queens,where it has set business, is expanding its Manhat- up an industrial 3-D printing facil- to earth on 6th Ave. tan office just months after taking ity. It handles printing jobs for the space. clients using sophisticated equip- ince it opened in 1932 as the AT&T Long Lines Building, 32 Sixth The firm, founded in the ment that can produce objects in a Ave. has been one of the most wired structures in the city. When Netherlands, is nearly doubling the host of different materials, from Rudin Management bought the building in 1999, it began trans- size of its outpost at 419 Park Ave. metal to plastic. forming it from a telecom tower into one of the premier locations South to 9,050 square feet,taking the Walter & Samuels Inc.,the land- for network-service providers and Internet companies eager for ac- 20-story building’s entire ninth lord of the 160,000-square-foot 419 Scess to all those cables. T Systems, the IT arm of T-Mobile, and XO Com- floor. Shapeways previously had oc- Park Ave. South, was represented munications, an Internet infrastructure provider, are among today’s tenants. cupied about 5,100 square feet of in-house by Jim Gladstone,an exec- Last week,Rudin inked a complex deal with Telx,one the floor, space it took in December utive at the firm. of the nation’s largest providers of network services and in a 10-year deal. The new lease in- —daniel geiger 38 WALKER ST. cloud computing, which underscores the property’s cen- cludes future expansion rights that ASKING RENT; TERM: $85 per trality in the new digital age.Telx signed a 20-year lease will give the company the ability to square foot; 10 years for the entire 45,000-square-foot 10th floor, where the stretch out across as many as three Wall St. lease gets SQUARE FEET: 4,600 company, whose clients include Google and Amazon, floors—for a total of nearly 30,000 re-engineered TENANT; REP: David Weeks Studio; will install servers. square feet. Meanwhile, under the Simone Lillian of Sinvin Real Estate Under the deal, Telx will also operate the Hub, a deal for the expanded space, the HAKS, a firm specializing in design LANDLORD; REP: 38 Walker Street; 27,000-square-foot facility built in 2001 on the 24th lease term remains intact. and construction management for Michelle Ball of the Rudd Group floor that provides connections to more than 90 differ- The asking rents for the space are large infrastructure projects, is re- ent network operators located in the building. That as- in the $50s per square foot, up engineering its offices at 40 Wall St. BACK STORY: The Dumbo, Brooklyn- based lighting and furniture design pect of the lease is the real prize for Telx. sharply from rates in the area just a The company has just signed a 15- company will open its first few years ago. year lease for 72,000 square feet, in a Manhattan location. “People always think you make a “We can offer our customers up to “A lot of emerging tech compa- deal that expands the firm’s footprint phone call or send an email, and it 600 different connections through nies are being pushed out of the and extends its stay in the former just goes from me to you, but these our New York City properties,” Telx area because of the rising prices,” Manhattan Trust Building, now tiated lease is said to be in the neigh- networks have to connect some- President Chris Downie said. said Steven Blair Strati, a broker at owned by the Trump Organization. borhood of $35 per square foot. The where,” said Bill Rudin, chief exec- For Rudin, the deal also brings a Cushman & Wakefield who repre- The firm first moved into the new floor will be ready by the fall. utive of Rudin Management. “The partnership with Telx.The company sented Shapeways in the expan- building in 2004, taking over the en- HAKS, founded in 1991, con- ‘cloud’ isn’t a cloud; it’s located in will now run the Hub, which had sion. “But Shapeways wanted to be tire 36,000-square-foot 11th floor. tinues to grow,with projects ranging buildings, and the Hub is where been managed by the Rudins, while here; this is an important location In 2010, it added roughly 10,000 from the Tappan Zee Bridge to those connections get made.” sharing profits in that venture.“They for them that is close to venture- square feet on the fourth floor and ex- rebuilding the catenaries on Telx already has similar opera- have the expertise to maximize that capital sources in the tech sector, tended its lease by 10 years. Only MetroNorth. tions at 60 Hudson St.—another business and take it to the next level,” not to mention transit hubs like three years into that deal, HAKS has HAKS was represented by “server hotel”that was once the head- Mr. Rudin said. The deal also gives Penn Station, Union Square and expanded and extended yet again. David Hoffman of Cassidy Turley, quarters for Western Union.In addi- tenants in Rudin properties Grand Central.” This time, the tenant is giving back while Trump’s brokers were Jeffrey tion, it has operations at 111 Eighth throughout the city access to Telx’s Shapeways jumped into the its slice of the fourth floor and taking Lichtenberg and Jared Horowitz of Ave., the former Port Authority vast network,which spans 19 hubs in Manhattan market last year, taking over the entire 36,000-square-foot Cushman & Wakefield. Building that Google bought. 13 major cities. —matt chaban space at 419 Park Ave. South for its ninth floor.The price on the renego- —matt chaban SMALL BUSINESS Lender aims for comeback under new name forcement job on the Metropolitan president in the Urban Investment However, TruFund’s specializa- The former Seedco Transportation Authority’s East Group at Goldman Sachs Group tion could work in its favor.It makes Financial Services Side Access project and other work. Inc.,which in 2009 made a $20 mil- loans between $50,000 and “You need capital up front on lion grant to TruFund as part of a $750,000 at 8% to 10% interest and separates from its these jobs to keep the payroll going,” small-business lending initiative. offers technical assistance, primari- said Mr. Simmons, who employs up “These are loans to businesses that ly for entrepreneurs who can’t qual- erstwhile parent to 40 people at a time. traditionally can’t get loans,” she ify for loans at traditional banks, as Recently renamed TruFund Fi- said. well as for nonprofits and real estate nancial Services Inc., the former Initially agreeing to deploy the developers. BY KEN CHRISTENSEN Seedco Financial Services has funds from Goldman Sachs by the “They do larger loans than most emerged from a trying period and is end of last year,TruFund was grant- CDFIs, excluding credit unions,” ndrew Simmons has stepping up lending this year. It has ed an extension until the end of said Melanie Stern, senior program owned Lashay’s Con- approved $5.8 million worth of 2013, Ms. Shapiro said. officer at the New York State Coali- struction and Devel- loans so far for 2013. Trouble began brewing for par- tion of CDFIs. TruFund is also one opment Inc. in the The institution’s lending in the ent organization Seedco after The of the few CDFIs in the state that Bronx for 15 years.But New York City area plummeted New York Times broke a story in Au- participate in the New Markets Tax Awhen Mr. Simmons went to his from $13 million in 2011 to $6 mil- gust 2011 that said the nonprofit Credit Program, she added. That bank last October to increase his line lion in 2012 as it focused on splitting falsified reports to the city while it program is focused on revitalizing of credit to $600,000 from $75,000, with its parent company, Seedco, a was contracted to operate two fed- disadvantaged communities. “They he said, the profitable firm, which national nonprofit that was sued for erally funded job-placement cen- buck ennis have a very specific niche,” she said. has about $3 million in annual rev- civil fraud by federal prosecutors last ters, in upper Manhattan and the ANDREW SIMMONS (left) won financing And many entrepreneurs still enue, was denied. year. Seedco declined to comment Bronx. from TruFund, led by executives James Bason need alternative sources of funds. (center) and Demetric Duckett. Instead, Mr. Simmons turned to on the split with Seedco Financial. In late May 2012, federal prose- Mr.Simmons is now ready to return a group then known as Seedco Fi- “During those moments, you cutors sued Seedco for civil fraud to TruFund’s team to finance two nancial Services Inc., a community can’t provide the level of service that after the city’s Department of Inves- focus to lending, now that big banks big jobs he expects to win. “They development financial institution, you had over time; it’s all-consum- tigations said the nonprofit filed 528 are approving small-business loans at really worked well with me,” he or CDFI, that focuses on lending to ing,” said James Bason, president of phony claims.The parties reached a higher rates,according to Rohit Aro- said. Ⅲ underserved groups of low- and TruFund since 2011. $1.725 million settlement in De- ra, CEO of Biz2Credit, an online middle-income entrepreneurs. He The slowdown in its lending left cember, according to court docu- loan broker based in Manhattan. To sign up for Crain’s received a loan and line of credit to- an important gap in the market for ments. “They have a small window of op- SMALL BUSINESS newsletter, go to taling $304,000 at 9.5% interest to small businesses seeking financing, TruFund could face some tough portunity because the market doesn’t www.crainsnewyork.com/smallbiz. finance his firm’s concrete-rein- according to Cristina Shapiro, vice competition for clients as it returns its wait for anyone,” Mr. Arora said.

July 22, 2013 | Crain’s New York Business | 9 OPINION CRAIN’S NEW YORK BUSINESS

The Obamacare wars editor in chief Rance Crain publisher, vp Jill R. Kaplan EDITORIAL hen the Cuomo administration for consumers. In some cases across the nation, insurers have editor Glenn Coleman gave word last week that resubmitted plans with lower premiums after seeing what managing editor Jeremy Smerd deputy managing editors Valerie Block, individual health-insurance their rivals were charging. Some business customers may Erik Ipsen premiums offered through the find real savings or be able to direct their employees to the assistant managing editor Erik Engquist senior producer, news Elisabeth Butler Cordova state exchange to launch in exchange to purchase individual coverage that is reasonably news producer Amanda Fung priced.The market for small and midsize firms in New York contributing editor Elaine Pofeldt October would be at least 50% columnists Greg David, Steve Hindy, Alair Townsend cheaper than what some New has been inhospitable for years, and even worse for crain’s health pulse editor Barbara Benson senior reporters Theresa Agovino, Yorkers pay now, it was like tossing food pellets into a pond individuals, so the prospect of change is welcome. Aaron Elstein, Lisa Fickenscher, Matthew Flamm of starving fish. Groups supporting the Affordable Care But policymakers, the business community and the reporters Chris Bragg, Matt Chaban, W Daniel Geiger, Andrew J. Hawkins, Annie Karni, Act celebrated the news in TV ads, seeking to beat back public should not lose sight of the underlying reason that Adrianne Pasquarelli health insurance is so expensive, which is that health care is web reporters/producers Republican efforts to repeal Obamacare. Critics of the law Ken M. Christensen, Nazish Dholakia fought back, arguing that the numbers were deceiving or so expensive. As art director Steven Krupinski downright false. helpful as a robust, deputy art director Carolyn McClain As interest staff photographer Buck Ennis The result was a lot of noise that left businesspeople no competitive insurance copy desk chief Steve Noveck copy editor Thaddeus Rutkowski less bewildered than they’ve been since the law passed in groups fight, market in New York data editor Suzanne Panara 2010. After sifting through the front-page stories and the would be, there will be assistant data editor Emily Laermer bigger problems researcher Eva Saviano partisan, ideological warfare, they still don’t know what their no dramatic reversal interns Tessa Berenson, Irina Ivanova, Laura Lorenzetti, Shannon McMahon, health insurance premiums will be in 2014 or if the New are ignored of costs without Elena Popina York exchanges will be game-changers for entrepreneurs. fundamental changes ADVERTISING, MARKETING AND PRODUCTION Are the ballyhooed lower-cost policies even remotely in the way medical care director of sales and marketing is provided and Nancy Adler equivalent to the plans they have now, or filled with surprise senior account managers Irene Bar-Am, exclusions and high deductibles? There is a great deal of purchased. That is a David Harkey, Jill Bottomley Kunkes, Courtney McCombs, Suzanne Wilson suspicion among insurance brokers and their business clients much longer journey, and one on which Obamacare takes director of custom content Trish Henry that the savings being trumpeted stem from apples-to- baby steps. While interest groups and politicians focus on sales coordinator Lauren Black newsletter product manager Alexis Sinclair oranges comparisons and mean little for group plans. defending or defeating the new law, they ignore the most credit Todd J. Masura (313-446-6097) director of audience & content Make no mistake: There are encouraging signs. At the pernicious problems of American health care, such as cost- partnership development Michael O’Connor very least, more insurers—perhaps several times as many as increasing incentives and ineffective practices. Progress on senior marketing manager Catherine Schutten today—will offer plans next year, and competition is good those fronts would be worth shouting about. director of conferences & events Courtney Williams reprint sales manager Lauren Melesio production and pre-press director Simone Pryce CRAIN’S ONLINE POLL COMMENTS advertising production manager Suzanne Fleischman Wies ONLINE AND INTERACTIVE SERVICES senior web developer, interactive Grading eatery grades Chris Tumminello TO SUBSCRIBE: FINES FOR PEANUTS The letter grades are a part of door of . All For print and digital subscriptions or customer the shakedown. If you get a candidates for office this year service, e-mail [email protected] or call 877-824-9379 (in the U.S. and Canada) or Don’t lighten up on letter other than A, you have to must recognize the significance 313-446-0450 (all other locations). $3.00 a copy for the restaurant fines file an appeal, pay a substantial of the tourism industry and the print edition; or $99.95 one year, $179.95 two newscom (CrainsNewYork.com), fee for the appeal and then detail their plans of support. years, for print subscriptions with digital access. since you do want to punish magically you get an A rating. The Bloomberg www.crainsnewyork.com/subscribe WAS JUSTICE SERVED serious health violations. But This, of course, results in administration has tirelessly TO ADVERTISE: IN THE ACQUITTAL OF do lighten up on the rules to be additional revenue for the city. advocated and supported NYC Contact Nancy Adler at [email protected] or call 212-210-0278. enforced. This extortion is to be found & Company and the growth of www.crainsnewyork.com/advertise GEORGE ZIMMERMAN? Many of the rules seem too all over the city. Delivery bikes tourism. Had it not been for FOR INFORMATION ON OUR EVENTS: Yes. Between the “stand your ground” law and petty. I give you two examples pay the city for a bike-safety the jobs and economic impact of excessively strict rules: course. Hot-dog vendors pay provided by the more than 50 Contact Courtney Williams at the lack of courtroom evidence, the jury’s [email protected] or 212-210-0257. verdict was understandable. 1. A sushi restaurant can’t for a hot-dog safety course (I million visitors to our city each www.crainsnewyork.com/events get more than a B if the chef could not find a case where year, patronizing our No. An overzealous gunman confronted and rolls sushi with bare hands; of someone was killed, either by restaurants, stores and hotels, TO CONTACT THE NEWSROOM: killed an unarmed, innocent teenager. That course, Japanese have done it accident or intentionally, with a the economic downturn would 711 Third Ave., New York, NY 10017-4036 has to be a crime. editorial phone: 212.210.0277 that way for centuries without hot dog).The list of extortion have been much worse. Every fax 212.210.0799 Date of poll: July 15 problems. events—I mean fines—goes on. dollar spent by a tourist is Entire contents ©copyright 2013 Crain Communications Inc. 583 votes 2. If a bar puts out a bowl of —dave another dollar to support our All rights reserved. ®CityBusiness is a registered trademark free pretzels or chips for schools, our first responders of MCP Inc., used under license agreement. customers on the bar, it loses CANDIDATES and the health of our city at CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS points. It’s true people might AND TOURISM large. Candidates must chairman Keith E. Crain have dirty hands, and sharing understand the intricacies of president Rance Crain treasurer Mary Kay Crain 39% pretzels is not perfectly Your article about the need for this sector, and it is very Cindi Crain No sanitary. But a bowl of pretzels mayoral candidates to maintain worrisome that tourism is is not a serious health hazard. growth for tourism (“Tourism hardly ever mentioned. executive vp, operations William Morrow 61% executive vp, director of strategic Just protect us from rats, chief frets over future,” July 8) —ken biberaj Chris Crain Yes operations cockroaches, salmonella and hits the nail on the head. Mr. Biberaj is vice president of senior vp, group publisher Gloria Scoby major problems like that. However, the responsibility to the and a vp/production, manufacturing David Kamis Paul Dalpiaz —george bogdan support and promote this vital candidate for City Council on the chief information officer Elmhurst, Queens industry should not stop at the Upper West Side founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) secretary Merrilee Crain (1942-2012) FOR THIS WEEK’S QUESTIONS: CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send columns of 475 Go to www.crainsnewyork.com/poll to have your say. words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number.

10 | Crain’s New York Business | July 22, 2013 VISHAAN CHAKRABARTI Cities, not suburbs, of affordable housing and zoning ca- pacity means adding a million new residents to the city won’t happen until 2040—not 2030, as PlanNYC are central to growth projects.Unless we zone for more af- fordable urbanism—particularly larger mixed-income projects on or he data are in: Dense, transit-rich, mixed-income near the Brooklyn and Queens wa- cities are outpacing suburbs in the “three Es”—the terfronts—we will not meet even economy,the environment and social equity (which that tepid growth rate. Every new urban resident in- I define as equal access to opportunity). Cities na- creases our tax base and reduces our tionwide, however imperfectly, are delivering more region’s carbon footprint. We have prosperity, sustainability and social mobility than suburbs. come a long way since the days of T Mad Men, when midtown was our My research indicates that our cities, which make up 3% of dominant job center. Our future is as the land in the continental U.S., generate 90% of our gross a “city of cities” in which many hubs—midtown, downtown, the domestic product and 86% of U.S. the borough’s densest parts, includ- Flatiron district, Hudson Yards, a jobs. Urbanites’ carbon footprint is ing brownstone neighborhoods and new Penn Station, Hudson Square, far lower than suburbanites’ because downtown, where mixed-income, Dumbo, Roosevelt Island, Long Is- we use mass transit and live in modular high-rises are springing up. land City and emerging areas like St. energy-efficient apartments. At SHoP Architects,we are work- George and the South Bronx—form Nonetheless, the federal govern- ing with Two Trees Management Co. walkable,bikable,live/work districts. ment subsidizes suburban living by on the Domino Sugar plan, integrat- We can build them with dense, more than $100 billion annually ing new housing (including hundreds green affordable housing, office and through tax deductions, fossil-fuel of affordable units), entrepreneurial retail; to withstand storms and cli- giveaways and highway spending. office space, neighborhood retail and mate change; and with vibrant We must push to recapture the bil- more than five acres of waterfront streets, parks and schools.The city’s lions in taxes we send to Albany and park into Williamsburg. These bur- history is about welcoming strivers Washington,D.C.,without a return. geoning parts of Brooklyn resulted from around the globe. Our future It also means we must build upon from Mayor Michael Bloomberg’s must expand upon this great past. our city’s success by embracing selective upzonings, which his suc- growth. Manhattan works because cessor must continue. Vishaan Chakrabarti is a partner at SHoP of its density,yet our outer boroughs At Columbia University’s Center Architects, the director of Columbia’s Center are less dense than Los Angeles.The for Urban Real Estate, we will soon for Urban Real Estate, and the author of A Brooklyn renaissance correlates to release a report indicating that a lack Country of Cities (Metropolis Books).

WHO’S WINNING Demographics are THE BLACK VOTE 31% Christine Quinn 16% Thompson’s problem Bill Thompson 14% John Liu 11% he only African-American candidate for mayor is 8%

on track to get something like a third of the black Source: July 15 Quinnipiac poll vote in the Democratic primary, a startling devel- opment that speaks volumes about the problems sage as a fighter for the ignored mid- of former Comptroller Bill Thompson and the dle class is clearly resonating. With surprising strength of former Rep. Anthony Weiner. the two most liberal candidates— T Comptroller John Liu and Public Last week, a Quinnipiac poll indicated Mr. Thompson was Advocate Bill de Blasio—going the preferred candidate of only 14% of the African-Americans nowhere, Mr. Weiner has become the choice of the disaffected, espe- polled. Other polls have shown a cially black voters. That Mr. similar result ever since Mr. Weiner Thompson failed to attack Mr. entered the race. Weiner from the start paved the way Black voters used to embrace Mr. for Mr. Weiner’s surge. Thompson. He faced only marginal Two caveats. First, the polls opposition in the primary four years could be understating Mr. Thomp- ago, so that isn’t a good comparison. son’s support among blacks, but As the fall campaign began, more there is no reason to think Quinnip- than half of black voters preferred iac’s methodology is worse this time the former comptroller to Mayor than in 2009. Second, the Rev. Al Michael Bloomberg. The week be- Sharpton could endorse Mr. fore the 2009 election, Quinnipiac Thompson with enthusiasm, cam- showed that Mr. Thompson had paign aggressively with him, and jumped to a 62%-23% lead. In the GREG DAVID bring black voters back into the end, he wound up with 76% of the Thompson fold. (Rev.Sharpton did African-American vote. all three for Fernando Ferrer at just What is different this time is the wouldn’t abolish it. He told the real about this time in 2001.) campaign Mr.Thompson is running. estate community he is its friend If that doesn’t happen, though, He sought the endorsement of the while courting labor by saying he will then Mr. Thompson will lose, United Federation of Teachers, yet require union workers on affordable- because every scenario for a victory told advocates of education reform housing projects,one of the industry’s begins with solid black support. that he will protect the most impor- biggest fears.It is all way too calculat- And the idea that demographics are tant Bloomberg initiatives. He criti- ing—and it is obvious to the voters. destiny in New York politics would cized stop-and-frisk but said he Enter Mr. Weiner, whose mes- be laid to rest once and for all.

July 22, 2013 | Crain’s New York Business | 11 HAVANA PARTY: Havana Café IN THE BOROUGHS BRONX owners (from left) Ruben Rodriguez, Troy Perez and Kevin Alicea have helped revitalize East Tremont conviction that a Cuban restaurant Avenue. was what the East Bronx needed Eatery as exemplar most. To pull it off, they hired Alex Garcia, a celebrity Cuban-American Continued from Page 3 daunting, five restaurants had come chef, to oversee the kitchen. summer at Orchard Beach,four miles and gone at Havana Café’s location It worked. The trio broke even at north.They are also running a grow- during an eight-year period. Havana Café in just six months, and ing catering business and mulling ex- Mr. Rodriguez said he and his last year grossed $2.5 million,accord- porting their brand to other bor- partners aimed to open a business ing to Mr.Rodriguez.He expects that oughs—and even to New Jersey. that would not only (they hoped) figure to grow by 20% this year. Add it all up and it’s no wonder line their pockets, but would also do Meanwhile, the place has also been a that the three men have become more to give the neighborhood a lift. critical success. It is one of only three Exhibit A for “We need to raise the bar,” he Bronx eateries to receive mention in what Bronx said. “We don’t just want to build this year’s edition of the Michelin Overall Eco- $3M another mall;we want to build a sol- Guide (which praised its food as well nomic Develop- PROJECTED id middle class in the Bronx.” as its “quaint posters, tropical fronds ment Corp. 2013 revenue for He added that he and his part- and lazy ceiling fans”). President Mar- Havana Café ners are encouraged by their own lene Cintron success: “We can see the changing New opportunities calls “a new 800 tide, and that makes us want to stay And thanks to some powerful dawn” of young SQUARE FEET to in the Bronx.” connections, new opportunities Latino business- be added in its The trio’s transformation from presented themselves. Ms. Cintron men committed expansion, a gain small businessmen into poster boys hired the Havana trio to cater her of 40% to rehabilitating for a new Bronx entrepreneurial first Bronx Ball as head of the the borough’s spirit has been a long time in the BOEDC. At the event, Mr. Rod- battered reputa- 5 making. Messrs. Rodriguez and Al- riguez met city Parks Commission- buck ennis tion. They are EATERIES that icea met more than 20 years ago as er Adrian Benepe. Soon after, they also part of a failed at Havana members of Lambda Upsilon won the bid to run the concessions sharp increase Café’s location Lambda, a national Latino fraterni- at Orchard Beach. over eight years BRONX in Hispanic- ty. In 2009, while attempting to de- They are now looking beyond FROM owned business- velop affordable housing in the their borders and wondering what it AROUND Farm to table via es citywide, a number that nearly Bronx, they connected with Mr. takes to foster more businesses like doubled in the decade ended in 2007, Perez. The three shared a dream of theirs. They have established a col- THE CITY veg-powered bus to 143,013—more than a third of opening a restaurant,and Mr.Perez, lege fund and have helped mentor which are in the Bronx. who also owns a car-wash business young people interested in the QUEENS A school bus that once took a brass in the South Bronx, helped find a restaurant business. band cross-country is now whisking ‘Raise the bar’ suitable (read: affordable) location. “We’ve taken an otherwise ugly Kayakers’ ship fresh produce from an upstate farm In the case of one of them, Ha- Oddly enough, not one of them corner and made it beautiful,” Mr. comes in at parks to the streets of the South Bronx. vana Café,success was a series of long has either any culinary training or Rodriguez said, noting that since Local food activist Tanya Fields shots. The neighborhood—in a cor- any claim to hailing from the opening Havana Café, two other Good news for kayakers in northern drew inspiration for her Bronx Mo- ner of the East Bronx that straddles Caribbean island made famous for its restaurants, both Latino-owned, Queens:The city has allocated funds bile Market from similar efforts in Schuylerville and Pelham Bay—was cigars and revolution. (Mr. Rod- have debuted nearby. “We’re sort of to build long-awaited launch sites in Chicago and Washington, D.C. known mostly for its ramshackle riguez was born in Ecuador, while like the case model.” MacNeil Park and Fort Totten.The She hopes that some of the buzz Irish pubs, a smattering of Italian Messrs. Perez and Alicea are Bronx Mr.Alicea added,“And that’s the $150,000 needed for the projects generated by her brightly painted, restaurants and little else. Even more natives.) What they shared was a sweet spot.” Ⅲ came via the new participatory used-vegetable-oil-fueled bus will budgeting process, which gave com- get residents excited about greens. munity members a vote in how to “With farmers’ markets, there distribute $1 million in discretionary isn’t this type of [psychic] invest- funds allocated for the area in 2014. ment that people have with the mo- “The demand is there and the bile market,”she said,pointing to the people have spoken, and now the response most people have to anoth- funds are there,” said Kathryn er kind of street vendor. “There’s Cervino, who founded the Coastal something about an ice-cream truck Preservation Network with her hus- coming through the neighborhood band, James, in 2002 to clean up the that gets people excited.” coastline in and around MacNeil Ms. Fields’ produce will come Park in College Point. from Jalal Sabur, a Dutchess Coun- The duo also campaigned to get ty farmer, who also donated the bus. more residents back on the water, She has raised $55,000 from a com- even hosting a boating day on June bination of small grants and crowd- 22, when more than 150 people funding, which she hopes will cover paddled out into the .The expenses until the market becomes launching-points plan was one of self-sustaining. five neighborhood projects to win Ms. Fields aims to have prices “a funding through a popular vote. little higher than a supermarket,”but A six- to nine-month procure- lower than a typical farmers’ market. ment procedure will mean that The Bronx Mobile Market will kayakers will have to wait until late begin making its rounds three days next year to take advantage of the a week in August. In preparation, new launching sites, according to Ms. Fields has hired two workers Marilyn Bitterman, district manag- and hopes to add others once the bus er for Queens Community Board 7. is rolling. So far, the response to her Once built, the kayak launch points plan has been enthusiastic. will become part of the New York “When we meet with people in City Water Trail, which links 160 the community and talk about square miles of the city’s rivers,bays, working in the market and getting creeks and inlets. paid for it,people like that,”she said. —laura lorenzetti —irina ivanova

12 | Crain’s New York Business | July 22, 2013 INFRASTRUCTURE INSIDE THE LISTS New York area’s largest construction companies PAGE 14 REPORT Largest architecture firms PAGE 19

SHIP SHAPE: Crews assemble the Stack, a modular residential building in upper Manhattan. (See Page 18 for a rendering of what the completed building will look like.) buck ennis NY’s modular moment arrives concrete, just as countless others are BOX SET 400-square-foot studios to 1,200- 15-story hotel being assembled in Boomlet in projects doing at construction sites around square-foot two-bedrooms. China in just 46 hours. Now all eyes using prebuilt units town. “There’s no reason people couldn’t are on Atlantic Yards. Meanwhile, two miles away, in a see this out their window very soon, “Mod” installation there is set to comes after many factory the size of two football fields whether they’re in Brooklyn, down- begin this fall. It will be followed by at the Brooklyn Navy Yard, dozens town or even the ,” similar, though smaller, projects years of false starts more are working on the same 363 said Melissa Román Burch,executive ranging from a superstorm-proof NUMBER OF APARTMENTS in the building, stacking drywall, uncrat- first, 32-story, all-modular vice president at Forest City Ratner townhouse in Red Hook, Brooklyn, BY MATT CHABAN ing toilets, and gathering pipes and Atlantic Yards tower and head of its Atlantic Yards project, to the Bloomberg administration’s spools of wire, all of which will be where the first of more than a dozen much-touted micro-apartment At the corner of Flatbush Avenue used to complete a total of 930 modular towers is set to rise during building in Manhattan’s Kips Bay. and Dean Street at Brooklyn’s At- trailer-size modules beginning next the next decade or so. All told, there are now more than 17 lantic Yards, dozens of workers are month. Those will then be trucked Work is finally getting underway modular projects on file with the laying the foundation for a 32-story over to the Flatbush Avenue site, 930 nearly three years after Forest City Department of Buildings, with apartment tower. They are excavat- where they will be stacked to form NUMBER OF MODULES Ratner Chairman Bruce Ratner was more likely to come. The apparent ing earth,bending rebar and pouring 363 apartments ranging in size from constructed for the building transfixed by a YouTube video of a See MODULAR MOMENT on Page 18

July 22, 2013 | Crain’s New York Business | 13 NEXT WEEK: THE Largest Construction Companies Top office leases LIST Ranked by 2012 area revenue and property sales THE SCOOP TRENDS

ore evidence of the rebound in building activity across NYC CONSTRUCTION SPENDING RISES the city can clearly be seen in employment numbers at the Last year, construction spending in the city hit the $30 billion mark for the first time largest construction and architecture firms. Full-time em- since 2008. It is expected to continue to increase in 2013. ployment at the top construction companies was up 1.6% in 2012; meanwhile,the number of architects at the largest (Figures in billions) Mfirms was up 8% from a year earlier, according to Crain’s research. 2009 2010 2011 2012 2013* Although the job gains at many architecture firms were less than those seen in the first years of the millennium, some insist that slower is RESIDENTIAL $2.63 $2.31 $3.30 $5.14 $6.04 safer. At FXFowle Architects, the number of staffers jumped 37.2% last NONRESIDENTIAL $8.82 $8.75 $10.72 $9.80 $13.50 year, but the firm’s growth during the past several years has paled in com- parison with the gains of a decade earlier. Managing Partner Guy Geier, GOVERNMENT $15.62 $14.83 $15.47 $15.14 $12.41 however, said that the current growth feels more sustainable. Driving the job gains for many construction and architecture firms TOTAL $27.07 $25.89 $29.49 $30.08 $31.95 *Forecast Sources: New York Building Congress, FW Dodge, Public Capital Budgets/Plans and Urbanomics has been the residential sector, where construction spending leaped istock photo 55.9% last year, to $5.1 billion, according to the New York Building Congress. Overall construction spending increased 2%, to $30.1 billion, the highest level since 2008. CONSTRUCTION'S EBBS AND FLOWS NYC CONSTRUCTION EMPLOYMENT JUMPS Perkins Eastman, the largest firm on the architecture list, with 199 Number of initial construction permits, by borough After falling consistently since 2007, city construction jobs local architects, was among the beneficiaries. It is working on several res- increased by 2.4% in 2012, and are expected to grow even idential projects. “Residential was probably the most extreme up and Borough 2010 2011 2012 more this year. down [during and after the recession],” said Bradford Perkins, the firm’s Number of jobs chairman and chief executive. “The difference was we were working on BRONX 6,138 6,510 6,862 125,000 120,000 more condos before 2007, and now it’s predominantly rentals.” BROOKLYN 16,728 17,351 18,438 120,700 119,800 The growth in the ranks of architects bodes well for future building 115,000 MANHATTAN 39,789 44,997 45,722 114,900 projects. “If the design firms are busy, which they are now, then that 110,000 112,400 112,200 means that construction firms will get busier next,” said Richard Ander- QUEENS 14,923 14,959 15,327 105,000 son, president of the New York Building Congress. The organization predicts total construction employment will jump another 9%, to STATEN ISLAND 3,084 3,043 2,994 100,000 2009 2010 2011 2012 2013* 130,600, by the end of next year. TOTAL 80,662 86,860 89,343 *Forecast Sources: New York Building Congress, —emily laermer Source: New York City Department of Buildings New York State Department of Labor and Urbanomics

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14 | Crain’s New York Business | July 22, 2013 85% OF CRAIN’S TOP 25 CONTRACTORS ARE MEMBERS OF / Ê 1  Ê/, -Ê *"9 ,-½ --" /" Ê"Ê 7Ê9",Ê /9

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16 | Crain’s New York Business | July 22, 2013 t c u d e REPORT INFRASTRUCTURE NYC WATER SYSTEM u q A re The current system began operation a Hudson River w a in 1917, when Tunnel No. 1 first Croton AqueductCatskill Aqueductel delivered water from upstate D reservoirs. No. 2 was later STAGE 1 added to serve Queens, (activated) BRONX The $5 billion water tunnel Brooklyn and Staten Island. Long Island Sound Now another leg of the long- planned No. 3, a critical STAGE 2 Continued from Page 1 from the tunnel up to street level. ugly ditches and disrupted traffic backup to the aging Manhattan No. 1, is entering service, tan’s millions of taps. Currently, the DDC is complet- patterns up and down the West section MANHATTAN a section that runs (under “It definitely lacks the grandeur ing the final link in the system. In Side. Soon, though, all the trenches from West 79th construction) and sweep of a big project, and be- streets including West 48th,it is dig- will be filled in and fences rolled up, Street to lower STAGE 2 cause of that the city for so many ging ditches and laying three-foot- and officials are betting that New Manhattan. Queens/Brooklyn section (under construction) years had the attitude of ‘Can’t it wide water mains that will deliver Yorkers will someday conclude that Ⅲ Tunnel No. 1 wait?’ ” said Chris Ward, former the new water supply to millions of the immense effort with all its atten- Ⅲ Tunnel No. 2 QUEENS Ⅲ Tunnel No. 3 Richmond chief of the city’s Department of shower heads, faucets, washing ma- dant hassles was worthwhile. Tunnel Environmental Protection, which chines and toilets across Manhattan. “This is an inconvenience,there’s began building the second and lat- no way around it,” Mr. Foley said, BROOKLYN est leg of the third tunnel during Mr. So far, only the hassles “but residents understand that STATEN ISLAND Ward’s tenure.A third and final sec- Thus far, the only sign of the they’re getting entirely new below- Atlantic Ocean tion that will extend into Brooklyn project for most people has been the ground infrastructure.” Ⅲ Source: NYC Department of Environmental Protection will enter service in upcoming years. “It got to the point where the DEP’s engineers were saying that the first water tunnel had entered the bandwidth where it could very well fail,and,to Mayor Bloomberg’s credit,he listened and said,‘Let’s get this done,’ ” said Mr. Ward. GET Work had begun in 1971 on the initial section of the tunnel,running from just north of the Bronx border in Yonkers to West 79th Street,then on to Roosevelt Island and Astoria, YOUR BUILDING The mayor listened and IN THE BEST SHAPE EVER said, ‘Let’s get The Green Team can get your 5- to 75-unit building energy fi t. this done’

Queens. That $2.4 billion section GET entered service 15 years ago. GET BIG The second and next leg, the one that is about to be turned on and will provide most of Manhattan’s water, starts at West 79th Street and contin- REBATES $115 ues down to Canal Street,then hangs a U-turn and heads back north all the on most high effi ciency light for each thermostatic way up to East . Work on fi xtures in common areas radiator valve you install that section was begun in 2003 and will cost about $2.3 billion. The good news in Manhattan is that with the new tunnel in service, officials will be working with a safe- ty valve for the first time. “The new tunnel is being built to create redundancy,increase capacity and be a backup so aging water tun- nels can be brought offline so they GET UP TO $20,000 can be inspected and repaired,” said Thomas Foley, assistant commis- sioner at the Department of Design when you install an energy management system and Construction, or DDC, which is working on the project. Nearing the final step Work on the second leg of the tunnel, which lies anywhere from 500 to 600 feet under Manhattan’s streets, was finished in 2010. Since then, hundreds of workers have been laboring feverishly to plug that buried behemoth into the existing water grid—the final step before its activation. Step one was boring 10 vertical ENERGY EFFICIENCY EXPERTS shaftways, as wide as 24 feet across, that reach down the length of near- 1-877-870-6118 ly two football fields. Those con- Inc. Ad: Arnell Group ©2013 Consolidated Edison Company of New York, conEd.com/GreenTeam crete tubes, the last of which was completed recently, channel water

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July 22, 2013 | Crain’s New York Business | 17 REPORT INFRASTRUCTURE

ways to cut them by OUT OF THE BOX: 20% to 30%. Rendering of the Sheer speed ac- completed Stack NYC’s modular moment counts for much of building at 4857 those savings. By Broadway Continued from Page 13 Curiously, it is also a method of decades ago by Nicholas Lembo ex- building in a facto- advantages are clear:significant cost building that has been far more suc- pressly for the project. ry, crews are pro- savings through faster construction, cessful outside the city. In South Like Mr. Ratner, Mr. Lembo tected from the ele- with less material waste—which Carolina, New Mexico and West embraced modular more out of ne- ments, which also boosts the green factor. Virginia, one in six homes is manu- cessity than design. “Cost was im- allows them to “I think a lot of people are wait- factured—a group that includes portant, but it was also a matter of work more effi- ing to see how things turn out for mobile homes—according to the security,”he said.“Building conven- ciently,and without Bruce,” said David Kramer, a prin- Census Bureau. In New York state, tionally, you’d come by at night and weather delays. It cipal at Hudson Cos., a developer it is one in 50, with most of those find people on-site stealing your also keeps the ma- with numerous affordable and high- outside the city. materials.” terials protected end projects in the city. He estimates he has built more and provides for Yet even as a growing number of Small scale than 3 million square feet of modu- easier quality con- builders line up to try their hand at Up until recently, what modular lar buildings during the past two trol. modular, many others remain skep- construction there has been in New decades, including a convent for “You don’t have tical—and with good reason. The York City has been on a small scale, elderly nuns in the Bronx. All of it one subcontractor technique has been a dream of ar- mostly row houses for low-income has rolled off the line of his facility come in, lay the chitects and developers for nearly a families and seniors in the outer in the Brooklyn Navy Yard.The lat- concrete, and then century—both Buckminster Fuller boroughs. The biggest such project est project will be the city’s so-called the plumber comes gluck and Frank Lloyd Wright were high to date is the Nehemiah Spring adAPT micro-units in Kips Bay, in the next day, says on it—yet little progress has been Creek Houses, in East New York, with 55 apartments as small as 250 everything’s in the wrong place, and made since the idea of houses rolling Brooklyn. There, blocks upon square feet. Mr. Lembo won the you have to do it again,” said Bill ‘Any technology off the assembly line like so many blocks of multicolored homes have project in a competition last year. Flemming, president of Skanska Model Ts was first dreamed up. Af- been built and are now occupied. Work is set to begin this fall. USA, the national general contrac- that can help ter all, what is going up now is little When the project is complete,1,525 The biggest factor driving mod- tor that has partnered with Forest different from Montreal’s famous such homes, made of three modules ular’s newfound popularity is the City Ratner to create its modular reduce costs Habitat 67, built for that city’s each,will have been built by Capsys, city’s stratospheric construction factory. world’s fair 46 years ago. a modular firm created three costs. Modular offers a handful of is exciting’ Daunting logistics Changes in labor contracts also promise to unlock big savings. Rather than employing individual tradesmen specializing in plumbing Gluck+ architects and Jeffrey M. or electrical or drywall, workers in Brown Associates is building 28 modular factories are trained to tack- apartments from 56 modules that le multiple tasks. Forest City Ratner are being fabricated in Pennsylvania. actually had an easier time working The logistics are daunting, to say out the technical specifications of its the least.Mr.Brown notes that if the towers than it did persuading the complex were being built outside We congratulate our client unions to agree to the special con- the city, as many as 12 modules tract, though ultimately they did. could be installed in a day.Even with “Housing affordability is always a the benefit of an empty lot next door challenge, and the cost of construc- to store units before use, the team tion is so incredibly high,” said In- can still cart only four modules over grid Gould Ellen, director of NYU’s the Bridge Furman Center for Real Estate and each day for installation. Urban Policy. “Any technology that Even financing a modular proj- can help reduce those costs is excit- ect can be more difficult. “What ing and should be explored.” bank wants to take a flier on a proj- What makes New York City’s ect when,if it goes under,they’re left gathering wave of modular housing with a bunch of boxes stacked up in on closing its $150,000,000 so special is that all of the advan- a warehouse somewhere, and they tages—including cost savings—of have no idea what to do with them?” credit facility from the technique are being harnessed to Mr. Brown said. A more conven- produce taller and more sophisticat- tional site could be turned over to ed properties. The first residential another builder, but a modular one, tower in Atlantic Yards will top out where the parts and plans are pro- at 32 stories, more than 50% higher prietary, is much harder. than any modular tower ever built. “It’s not right for every site,that’s At the same time, big-league archi- for sure,” said Capsys’ Mr. Lembo. tecture and engineering firms and “And you’ve got a lot of people out their developer clients have been there who think it’s a silver bullet.” to fund its innovative converted to the modular cause and Jerilyn Perine, director of the are now stretching the technique in Citizens Housing and Planning U.S. Single-Family Rental Program unprecedented ways both in terms Council, said the modular process of size and sheer aesthetics. must be fully vetted before it can be In Red Hook,for example,SHoP adopted citywide. “It’s like green Architects, the designer of Mr. Rat- buildings,” she said. “People can ner’s towers, has created a flood- make claims about cost savings, but resistant townhouse that can be fab- unless you study them, how can you ricated and installed in less than be sure it’s real?” three months.That is an unheard-of Then again, green buildings pace for any project in the city. were also once derided as a fad. Yet for all the promises of mod- For Skanska’s Mr. Flemming, if ular, the drawbacks stubbornly per- the construction industry is to sist.Trucking thousands of building thrive in future decades,it must em- modules weighing up to 25 tons and brace modular. “Look at all the in- as wide as two Hummers is a chal- novation of the past 40 years, in lenge in a densely packed city like technology,health care, science and New York, one complicated by nar- so on,”he said.“There’s been almost row side streets and aging bridges. no innovation in the construction A case in point is 4857 Broadway, industry. We’re still building build- Want more info on our donedeals? Scan the QR Code with your smart phone. in the Inwood section of upper ings much the same way we did Manhattan. There, a partnership of decades ago.” Ⅲ

18 | Crain’s New York Business | July 22, 2013 THE New York Area’s Largest Architecture Firms LIST Ranked by number of area architects visualhouse, kpf courtesy of port authority of ny & nj, of authority port bartelstone john extell, record-slce, architect of christianportzamparc de design architect-atelier 1 WTC, the refurbishment of JFK’s TWA Flight Center, Hudson Yards and One 57 are among the projects taken on by AECOM Technology Corp. (No. 14), Beyer Blinder Belle (No. 17), Kohn Pedersen Fox (No. 3) and SLCE (No. 12), respectively.

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July 22, 2013 | Crain’s New York Business | 19 THE LIST Largest Architecture Firms

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geographically diverse and more Monocle Order debuted a vending inclined to philanthropy. machine at rooftop club Output in Audubon Society The board last year donated $1.3 Glasses Williamsburg in May, and opened million to the nonprofit—still not a its first showroom.The shades found Continued from Page 3 dressing issues. For example, the lot, but up 61% from two years ago. Continued from Page 3 in the wood-paneled machine sell by 10% and expenses by 19%, which Atlantic Flyway is focused on pre- This year’s gala netted a $1.5 million LensCrafters, and insurer EyeMed for $50 on average. helped balance an $89.5 million an- serving the wood thrush, which gain, while earlier fetes had rarely Vision Care. Prada wire frames at a “We do see sales happening at 4 nual budget last year for the first nests in Vermont and New York and generated more than a few hundred Luxottica store can cost about $320. in the morning, for the late-night time in 14 years. Now Audubon stops in Georgia and South Caroli- thousand dollars. Also last year, a Yet the new breed of specs special- partiers seeing the sun come up,” spends 6 cents of every dollar raised na while migrating to Belize. board member donated $1 million ists have frames retailing near a said co-founder Alex van Klaveren. on administrative expenses, down “This approach makes sense be- to be delivered over three years. sweet spot of $100, primarily be- To be a member of the club and get from 8 cents in 2010. During the cause it is a holistic framework,”said Mr. Yarnold hopes to broaden cause they source directly from fac- invited to events, shoppers must past two fiscal years, fundraising Francis Grant-Suttie,vice president Audubon’s fan base not just to raise tories and bypass middlemen. purchase only one pair of specs. Mr. jumped 12% to $81 million. of the Atlantic Flyway. money but to create an army of peo- “The secret is eyewear never did van Klaveren said Monocle Order Audubon can use all the might it ple who lobby elected officials about cost that much to produce,” said has about 20,000 members—each Saving the birds can muster. Conservationists face environmental issues. Social media is Roseanne Morrison, fashion direc- typically buys three pairs a year. The changes go beyond the fi- powerful and well-funded oppo- central to that strategy, said Mr. tor at trend consultancy Doneger Vending machines are catching nancial and administrative. Mr. nents. And Audubon hasn’t been on Yarnold, who was editorial-page ed- Group. “Now these new companies on: Sunglass Hut last week installed Yarnold has abandoned the group’s the top of environmental donors’ itor of the San Jose Mercury News,Sil- have made it so easy to shop.” a 24-hour digital machine in its new former goal of exponentially adding lists. Indeed, many still believe icon Valley’s paper of record.“I guess And they’re reaping the rewards. store, which is ex- to the 47 existing education centers Audubon, founded in 1905 in hon- I drank the Kool-Aid,” he joked. Warby Parker has attracted $55 mil- pected to generate more than $10 in favor of a plan to save 64 bird or of the painter and ornithologist lion in venture capital from big names million in annual sales. species and 118 million acres.To do John James Audubon,is primarily a Oil’s well that ends well such as J.Crew’s Mickey Drexler, and Previously online-only Tortoise so, he has reorganized the nonprof- bird-watching organization for old- Last year, the Audubon Society reportedly is in a deal to design & Blonde opened its 200-square- it’s 22 state offices and 570 chapters, er people wearing sensible shoes,with scored the biggest increase in money Google glasses.The company, which foot shop within Urban Outfitters’ dividing the country into four major binoculars draped around their necks. raised online by a nonprofit, accord- donates a pair of glasses for every pair 628 Broadway store after hosting a flyways that replicate the migratory “It’s an uphill job to change that ing to The Chronicle of Philanthropy. it sells, said about 4,000 people have series of pop-up shops with the re- path of birds, enabling the offices perception,” said Kalman Stein, chief The amount jumped 181% to been visiting the 2,000-square-foot tailer. The outpost, selling glasses and chapters to work together. executive of Earth Share, which rais- $516,008, thanks to a campaign SoHo store each weekend since it from $97 to $177,is staffed with five “The benefit of chapters is that es money for environmental charities. around the anniversary of the BP oil opened in April. employees trained by Tortoise. you have people who really under- However,he said,creating the flyways spill.Visitors to the website could re- Though co-CEO Neil Blumen- “It’s not like trying on jeans,”said stand state and location issues. But “was a really smart way to tie birds to duce a virtual oil spill covering the thal expects to evolve Warby into Tortoise’s Mr. Weisfeld, whose fa- you can’t just work that way because the larger mission of conservation.” screen by making donations. multiple product categories, he’s ther and grandfather were both in that’s not how birds fly,” said Mr. It seems to be working.Mr.Stein In late 2011, Audubon created a sticking to specs.“We see the optical the industry. “You have to actually Yarnold, who previously headed the said donations to Audubon via game in which birds were let loose industry as broken—it’s been rip- know what you’re doing.” Environmental Defense Fund. “We Earth Share jumped 10% to about on the Internet.It created quite a stir ping people off for decades,” he said, Even designers are getting into weren’t working at a scale to match $54,000 from 2010 to 2011, the last among gamers. Plus, the game was declining to provide a revenue fig- the glasses game. Clothier Steven the threats to the environment.” year of available figures, while over- created by ad agency Goodby Sil- ure.“We’re already seeing the major- Alan introduced a sunglasses line Mr. Yarnold reached back to an all donations fell 3% because in verstein & Partners, the company ity of customers who made first- priced at $145 this spring. Though earlier career as a journalist to devel- tough financial times people tend to behind campaigns such as “Got time purchases in-store making Ms. Rowley has been selling her op his strategy, visiting various give more to social-service groups. milk?” Now its co-founder Jeff second purchases online.” own brand of glasses for nearly 20 Audubon chapters and “just report- Mr. Yarnold has no plans to Goodby sits on Audubon’s board. Newer brands are getting creative years—some products cost almost ing the story”to determine the orga- abandon the bird-watchers at “Birds are important,” Mr. Good- to fill growing demand. Monocle $300—she debuted an e-commerce nization’s strengths and weaknesses. Audubon’s core.He just wants to ex- by said. “They are an early-warning Order launched online two years ago site for lower-priced options in He saw some amazing projects but pand its reach to include younger, system about what’s going on in the and sells a dozen different brands, June.The site charges a total of $129 little communication between the conservation-minded people, even environment.” Ⅲ including its own. As a PR stunt last for frames and lenses. individual chapters or the national if they aren’t dedicated birders. year, it started hawking sunglasses “The consumer is thinking about office. Now each flyway has teams He has been adding board LISTEN to a discussion at from a vending machine at a hotel in eyewear now as a real fashion item,” from numerous chapters jointly ad- members who are younger, more CrainsNewYork.com/podcasts Las Vegas.The gimmick caught on. said Ms. Rowley. Ⅲ

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(1142 First Avenue), New York, NY Purpose: any lawful act or activity. those provided by our Resource have exp w/ the follow’g techniques/tools: Purpose: all lawful purposes. together with any other business or Partners, or our Agency Partners at Bloomberg; Programming SQL queries & activity incidental thereto. NOTICE OF FORMATION OF Denny’s the Federal, state, or local levels that stored procedures (Microsoft SQL Server or Basement NYC LLC. Arts of Org filed Notice of Qualification of 19 West 24th support small business growth and Sybase); Database modeling; Dvlping auto- with Secy of State of NY (SSNY) on Street Owner LLC. Authority filed NOTICE OF FORMATION OF development and are synonymous mated financial reports; Excel/VBA pro- 3/20/13. Office location: NY County. with NY Dept. of State on 6/11/13. Stellar888, LLC. Arts of Org filed with with our mission. This individual gramming; & Object oriented programming SSNY designated as agent upon whom Office location: NY County. Princ. Secy of State of NY (SSNY) on will serve as the focal point for in C# & Java. Must also have exp w/ the fol- process may be served and shall bus. addr.: 805 3rd Ave., 7th Fl., NY, 5/31/13. Office location: NY County. implementing the Agency’s small low’g financial assets: bonds, credit, & equi- mail copy of process against LLC to: NY 10022. LLC formed in DE on SSNY designated as agent upon business agenda relative to high ties. F/T. Resumes: AllianceBernstein L.P., 1710 First Ave. #121, NY, NY 10128. 6/4/13. NY Sec. of State designated whom process may be served and growth firms and the initiatives Attn: T. Correa, 1345 Ave of the Americas, agent of LLC upon whom process shall mail copy of process against Principal business address: 3845 New York, NY 10105. JobID DEAYY. Cazador St, Los Angeles, CA 90065. necessary to achieve that growth. against it may be served and shall LLC to principal business address: The federal government offers a mail process to: c/o CT Corporation c/o Shane Henty Sutton, P.C., 150 E NOTICE OF FORMATION OF Boodle number of exceptional benefits to its System, 111 8th Ave., NY, NY 10011, 58th St, 25th Fl, NY, NY 10155. Creative LLC. Arts of Org filed with employees. For more information on regd. agent upon whom process may Purpose: any lawful act. Secy of State of NY (SSNY) on this opportunity and to apply online, TELECOMMUNICATIONS be served. DE addr. of LLC: 1209 5/11/12. Office location: NY County. please review the announcement at Orange St., Wilmington, DE 19801. OIYANA LLC Art. Of Org. Filed Sec. SSNY designated as agent upon USAJOBS, Cert. of Form. filed with DE Sec. of of State of NY 05/29/2013. Off. Loc.: whom process may be served and https://www.usajobs.gov/GetJob/Vie State, 401 Federal St., Dover, DE New York Co. SSNY designated as shall mail copy of process against wDetails/347371800 19901. Purpose: all lawful purposes. agent upon whom process against it may be served. SSNY to mail copy of LLC to principal business address: 33 East 33rd Street Notice of Qualification of FLATIRON process to The LLC, c/o Jacqueline 285 West Broadway, Room 250 NY, New York, NY 10016 LAB VENTURES, LLC. Authority filed Yue, 50 Bayard Street, #4R, New York, NY 10013. Purpose: any lawful act. PUBLIC & LEGAL 212-532-7400 with Secy. of State of NY (SSNY) on NY 10013. Purpose: Any lawful act NOTICE OF QUALIFICATION of Scout [email protected] 06/20/13. Office location: NY County. or activity. Distributors LLC. Authority filed with NOTICES LLC formed in Delaware (DE) on Secretary of State of NY (SSNY) on EMERGENCY Notice of Qualification of JMCHAM, 06/14/13. Princ. office of LLC: 291 5/15/13. Office location: NY County. Notice of Qualification of Private Equity LLC. Authority filed with Secy. of COMMUNICATIONS Broadway, Ste. 401, NY, NY 10007. LLC formed in MO on 5/26/09. SSNY Managers 2013, L.P. App. for Auth. State of NY (SSNY) on 6/24/13. Office SYSTEMS SSNY designated as agent of LLC has been designated as an agent filed with Secy. of State of NY (SSNY) location: NY County. LLC formed in SPECIALISTS upon whom process against it may be upon whom process may be served on 4/15/13. Office location: NY California (CA) on 6/18/13. SSNY • FREE PICKUP & DELIVERY served. SSNY shall mail process to and shall mail copy of process County. LP formed in Delaware (DE) on designated as agent of LLC upon whom the LLC at the princ. office of the LLC. against LLC to principal business 4/8/13. SSNY designated as agent of • 48 HOUR TURNAROUND process against it may be served. DE addr. of LLC: c/o Corporation address: 1010 Grand Blvd., Kansas LP upon whom process against it may ON REPAIRS SSNY shall mail process to: Michael Service Co., 2711 Centerville Rd., Ste. City, MO 64106. Cert of LLC filed be served. SSNY shall mail process to: • FREE ENGRAVING S. Sher, C.P.A., 15060 Ventura Blvd., 400, Wilmington, DE 19808. Arts. of with Secretary of State of MO located: 200 West St., NY, NY 10282-2198. Ste. 300, Sherman Oaks, CA 91403, • SHORT & LONG TERM Org. filed with DE Secy. of State, John 600 W Main St, Jefferson City, MO DE address of LP: Corporation also the address to be maintained in RENTALS G. Townsend Bldg., 401 Federal St., 65101. Purpose: any lawful act. Service Company, 2711 Centerville Ste. 4, Dover, DE 19901. Purpose: CA. Arts of Org. filed with the CA Road, Wilmington, DE 19808. Name/- Any lawful activity. Secretary of State, 1500 11th St., NOTICE OF FORMATION OF address of each genl. ptr. available 3rd. Fl., Sacramento, CA 95814. 10044.Com LLC. Articles of from SSNY. Cert. of LP filed with DE Notice of Formation of Lucida 14A Purpose: any lawful activities. Organization filed with the Secretary Secy. of State, P.O. Box 898, Dover, DE LLC. Arts. of Org. filed with NY Dept. of State of NY (SSNY) on 04/17/2013. 19903. Purpose: any lawful activity. Notice of Formation of WISDOM of State on 7/3/13. Office location: Office location: New York County. GLOBAL PRIVATE, LLC. Arts. of Org. NY County. Sec. of State designated SSNY has been designated as agent Notice of formation of MV ARTIST filed with Secy. of State of NY (SSNY) agent of LLC upon whom process upon whom process against it may be STUDIO, LLC filed with the Secy. of on 06/06/13. Office location: NY against it may be served and shall served. The Post Office address to State of NY (SSNY) on 5/15/13. Office PUBLIC & LEGAL County. SSNY designated as agent of mail process to: c/o CT Corporation which the SSNY shall mail a copy of loc.: New York County. The principal LLC upon whom process against it may System, 111 8th Ave., NY, NY 10011, any process against the LLC served business loc. is 5-01 46th Rd., Long NOTICES be served. SSNY shall mail process to regd. agent upon whom process upon him is 10044.Com LLC, 625 Corporation Service Co., 80 State St., Island City, NY 11101. SSNY desig- Notice of Qualification of Ethos Group may be served. Purpose: all lawful Main Street, 637, New York, NY Albany, NY 12207, regd. agent upon nated as agent of LLC upon whom Consulting Services, LLC. Application purposes. 10044. Purpose of LLC: To engage in whom and at which process may be process against it may be served. for Authority filed with the Secretary any lawful act or activity. Notice of Qualification of 212 Fifth served. Purpose: Any lawful activity. SSNY shall mail copy of process to of State of New York (SSNY) on Avenue Owner LLC. Authority filed NOTICE OF FORMATION OF My Fave c/o The Ruchelman Law Firm, 150 E. 6/6/2013. Office location: New York with NY Dept. of State on 6/11/13. Notice of Qualification of K.G. IM Places LLC. Arts of Org filed with Secy 58th St., 14th Fl., New York, NY 10155. County. LLC formed in Delaware on Office location: NY County. Princ. Management LLC. App. for Auth. filed of State of NY (SSNY) on 4/23/13. Mgmt. shall be by one or more mem- 11/12/2008. SSNY has been designated bus. addr.: 805 3rd Ave., 7th Fl., NY, with Secy. of State of NY (SSNY) on Office location: NY County. SSNY bers. Purpose: Any lawful activity. as an agent upon whom process NY 10022. LLC formed in DE on 6/6/13. Office location: NY County. designated as agent upon whom against it may be served. The Post 6/4/13. NY Sec. of State designated LLC formed in Delaware (DE) on process may be served and shall mail NOTICE OF FORMATION OF LIMITED Office address to which the SSNY shall agent of LLC upon whom process 5/22/13. SSNY designated as agent copy of process against LLC to: US LIABILITY COMPANY. NAME: HASHEM mail a copy of any process against against it may be served and shall of LLC upon whom process against Corp Agents, Inc., 7014 13th Ave, Ste LLC. Articles of Organization were the LLC served upon him/her is: c/o mail process to: c/o CT Corporation it may be served. SSNY shall mail 202, Bklyn, NY 11228. Principal busi- filed with the Secretary of State of CT Corporation System, 111 8th Ave., System, 111 8th Ave., NY, NY 10011, process to: c/o Davis & Gilbert LLP, ness address: 245 8th Ave, #241, NY, New York (SSNY) on 06/05/13. Office New York, NY 10011. The principal regd. agent upon whom process may , NY, NY 10019. DE NY 10011. Purpose: any lawful act. location: New York County. SSNY has business address of the LLC is: 5215 be served. DE addr. of LLC: 1209 address of LLC: c/o United Corporate been designated as agent of the LLC N. O’Connor Blvd., Suite 1450, Irving, Orange St., Wilmington, DE 19801. Services, Inc., 874 Walker Road, Ste. Notice of Formation of 868 BPI LLC, upon whom process against it may be TX 75039. Delaware address of LLC: Cert. of Form. filed with DE Sec. of C, Dover, DE 19904. Cert. of Form. Arts. Of Org. filed with SSNY on served. SSNY shall mail a copy of 1209 Orange Street, Wilmington, DE State, 401 Federal St., Dover, DE filed with DE Secy. of State, 401 5/7/13. Office location: NY County. process to the LLC, c/o Beys Stein 19801. Certificate of LLC filed with 19901. Purpose: all lawful purposes. Federal St., Ste. 4, Dover, DE 19901. SSNY designated as agent of LLC Mobargha & Berland, LLP, The Chrysler the Secretary of State of Delaware Purpose: any lawful activity. upon whom process against it many Building, 405 , 7th located at: John G. Townsend Bldg., Notice of Qualification of 781 EIGHTH be served. SSNY shall mail process Floor, New York, New York 10174. 401 Federal St., Ste. 4, Dover, DE AVENUE OWNER LLC. Authority filed Notice of Qualification of McGraw-Hill to LLC at Martin Shaw, 350 5th Purpose: For any lawful purpose. 19901. Perpetual existence. Purpose: with Secy. of State of NY (SSNY) on School Education Holdings, LLC. Avenue, #2816, NY, NY 10118. any lawful act or activity. 06/18/13. Office location: NY County. Authority filed with Secy. of State of NY Purpose: Any lawful activity. Notice of Qualification of HUDSON LLC formed in Delaware (DE) on (SSNY) on 06/24/13. Office location: BOULEVARD SLIVER OWNER LLC. Notice of Qualification of JOHN DOE, 06/14/13. Princ. office of LLC: c/o NY County. LLC formed in Delaware Notice of Qualification of Authority filed with Secy. of State of NY LLC. Authority filed with Secy. of State Margolin, Winer & Evens LLP, 400 (DE) on 01/31/13. SSNY designated METSCHOOLS, LLC. App. for Auth. (SSNY) on 07/10/13. Office location: of NY (SSNY) on 05/23/13. Office Garden City Plaza, 5th Fl., Garden as agent of LLC upon whom process filed with Secy. of State of NY (SSNY) NY County. LLC formed in Delaware location: NY County. LLC formed in City, NY 11530. SSNY designated as against it may be served. SSNY shall on 6/27/13. Office location: NY (DE) on 07/09/13. Princ. office of LLC: Delaware (DE) on 09/14/12. Princ. agent of LLC upon whom process mail process to c/o McGraw-Hill County. LLC formed in Delaware (DE) 60 , NY, NY 10023. office of LLC: 43 W. 24th St., 9th Fl., against it may be served. SSNY shall Education, Attn: David B. Stafford, 2 on 5/7/13. SSNY designated as agent SSNY designated as agent of LLC NY, NY 10010. SSNY designated as mail process to Wayne R. Lehrhaupt Penn Plaza, 12th Fl., NY, NY 10121. of LLC upon whom process against upon whom process against it may be agent of LLC upon whom process Esq., Eisman Levine Lehrhaupt & DE addr. of LLC: c/o Corporation it may be served. SSNY shall mail served. SSNY shall mail process to c/o against it may be served. SSNY shall Kakoyiannis P.C., 805 Third Ave., NY, Service Co., 2711 Centerville Rd., process to: c/o VSS Structured Corporation Service Co. (CSC), 80 mail process to the LLC at the princ. NY 10022. DE addr. of LLC: 2711 Ste. 400, Wilmington, New Castle Capital II, L.P., 55 E. 52nd St., 33rd Fl., State St., Albany, NY 12207. DE addr. office of the LLC. DE addr. of LLC: Centerville Rd., Ste. 400, Wilmington, Cnty., DE 19808. Arts. of Org. filed NY, NY 10055. DE address of LLC: of LLC: CSC, 2711 Centerville Rd., 1521 Concord Pike, Ste. 303, DE 19808. Arts. of Org. filed with with The Secy. of State of the State Corporation Trust Center, 1209 Orange Ste. 400, Wilmington, DE 19808. Arts. Wilmington, DE 19803. Cert. of Form. Secy. of State of DE, Div. of Corps., of DE, Dept. of State, Div. of Corps., St., Wilmington, DE 19801. Arts. of of Org. filed with Secy. of State, Corps. filed with DE Secy. of State, Div. of John G. Townsend Bldg., 461 John G. Townsend Bldg., 401 Org. filed with DE Secy. of State, Div., John G. Townsend Bldg., 401 Corps., John G. Townsend Bldg., 401 Federal St., Ste. 4, Dover, DE 19901. Federal St., Ste. 4, Dover, DE 19901. Loockerman & Federal Sts., Dover, DE Federal St., Ste. 4, Dover, DE 19901. Federal St., Ste. 4, Dover, DE 19901. Purpose: Any lawful activity. Purpose: Any lawful activity. 19901. Purpose: any lawful activity. Purpose: Any lawful activity. Purpose: Any lawful activity.

July 22, 2013 | Crain’s New York Business | 21 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of ASCENT Notice of Qualification of Rockefeller NOTICE OF FORMATION, ETS Notice of Qualification of BRANDFIRE, NOTICE OF FORMATION OF Kathryn SPECIAL VENTURES, LLC. Authority Global Dividend Growth Fund QP, L.P. Strategic Partners, LLC (LLC). LLC. Authority filed with Secy. of Smerling, PH.D. LCSW, PLLC Articles filed with Secy. of State of NY (SSNY) Authority filed with NY Dept. of State Application for authority accepted by State of NY (SSNY) on 02/28/13. of Organization filed with the Secretary on 03/25/13. Office location: NY on 2/25/13. Office location: NY New York Secretary of State (SSNY) Office location: NY County. LLC of State of NY (SSNY) on 5/28/13. County. LLC formed in Delaware (DE) County. LP formed in DE on 2/12/13. 4/24/13. Jurisdiction: DE. Organization formed in Delaware (DE) on 02/24/12. Office location: NEW YORK county. on 03/21/13. Princ. office of LLC: 142 NY Sec. of State designated agent of date: 8/27/12. LLC principal office SSNY designated as agent of LLC SSNY has been designated as agent W. 57th St., Ste. 4A, NY, NY 10019. LP upon whom process against it may located in New York County, NY at upon whom process against it may be upon whom process against it may be SSNY designated as agent of LLC be served and shall mail process to 201 East 66th Street Apt. #19C, New served. SSNY shall mail process to served. The Post Office address to upon whom process against it may be the principal business addr.: 10 York, NY 10065. SSNY designated Marc Adelman, c/o The 100 Mile which the SSNY shall mail a copy of served. SSNY shall mail process to Rockefeller Plaza, 3rd Fl., NY, NY agent of LLC for service of process. Group, LLC, 810 Seventh Ave., #205, any process against the PLLC served the LLC at the princ. office of the LLC. 10020. DE addr. of LP: The SSNY shall mail copy of process NY, NY 10019. DE addr. of LLC: 2711 upon him/her is: 11 Sherri Drive, DE addr. of LLC: CSC, 2711 Centerville Corporation Trust Co., 1209 Orange served against LLC to 201 East 66th Centerville Rd., Ste. 400, Wilmington, Manalapan, NJ 07726. The principal Rd., Ste. 400, Wilmington, DE 19808. St., Wilmington, DE 19801. Name/addr. Street Apt. #19C, New York, NY 10065. DE 19808. Arts. of Org. filed with Secy. business address of the PLLC is: 115 Arts. of Org. filed with Jeffrey W. of genl. ptr. available from NY Sec. of Authorized officer in Delaware where of State of DE, John G. Townsend E. 86th Street, New York, NY 10028. Bullock, Secy. of State, Div. of State. Cert. of LP filed with DE Sec. copy of Certificate of Formation is Bldg., 401 Federal St., Ste. 4, Dover, Purpose: any lawful act or activity. Corps., PO Box 898, Dover, DE of State, 401 Federal St., Dover, DE filed: Division of Corporations, John DE 19901. Purpose: Creative 19901. Purpose: Any lawful activity. 19901. Purpose: all lawful purposes. G. Townsend Bldg., 401 Federal St., agency - Assist with branding. Notice of Formation of Sucre Bleu LLC. Ste. 4, Dover, DE 19901. Purpose of Arts. of Org. filed with Secy. of State NOTICE OF FORMATION OF Strider Notice of Formation of KCD Saxon LLC is to engage in any activity NOTICE OF FORMATION OF of NY (SSNY) on 6/11/13. Office Solutions, LLC. Arts of Org filed LLC. Arts. of Org. filed with Secy. of authorized by DE law. MOMENTARY PAWS, LLC. Arts of location: NY County. SSNY designated with the Secy of State of NY (SSNY) State of NY (SSNY) on 6/24/13. Org filed with Secy of State of NY as agent of LLC upon whom process on 3/29/13. Office location: NY Office location: NY County. SSNY Notice of formation of BOBBIEPINZ, (SSNY) on 4/12/13. Office location: NY against it may be served. SSNY shall County. SSNY designated as agent designated as agent of LLC upon LLC Arts. of Org. filed with the Sect’y County. SSNY designated as agent mail process to: c/o Persia Tatar, 64 upon whom process may be served whom process against it may be of State of NY (SSNY) on 5/14/2013. upon whom process may be served Morton St., #1B, NY, NY 10014. and shall mail a copy of any process served. SSNY shall mail process to: Office location, County of New York. and shall mail copy of process against Purpose: any lawful activity. against the LLC served upon him/her 1350 Broadway, Ste. 1010, NY, NY SSNY has been designated as agent LLC to: c/o US CORP AGENTS, INC. is: The LLC, 10018. Purpose: any lawful activity. of the LLC upon whom process 7014 13th AVE, STE 202 BKLYN, NY MINDFUL CONSULTING LLC, a Corporation Agents, Inc 7014 against it may be served. SSNY shall 11228. Principal business address: domestic LLC, Arts. of Org. filed 13th Ave., Ste 202 Brooklyn, NY Notice of Formation of DIGITAL mail process to: The LLC, 333 East 10 JONES ST NO. 4D, NY, NY 10014. with the SSNY on 5/24/13. Office 11228. Purpose: Any lawful acts. THERAPY LLC. Arts. of Org. filed with 14th Street, Unit 18A, NY NY 10003. Purpose: any lawful act. location: New York County. SSNY is Secy. of State of NY (SSNY) on Purpose: any lawful act. designated as agent upon whom Notice of Formation of AfreSHeet LLC. 05/30/13. Office location: NY County. NOTICE OF FORMATION OF process against the LLC may be Arts. of Org. filed with Secy. of State SSNY designated as agent of LLC Notice of formation of Simit & Smith MidOcean Advisors LLC. Arts of Org served. SSNY shall mail process to: of NY (SSNY) on 06/14/13. Office upon whom process against it may be 100 William Street LLC. Arts of Org filed with Secy of State of NY (SSNY) The LLC, 775 Columbus Ave., #8A, location: NY County. Princ. office of served. SSNY shall mail process to the filed with Secretary of State of NY on 4/17/13. Office location: NY NY, NY 10025. General Purposes. LLC: 666 Greenwich St., PH 22, NY, NY LLC, 159 E. 33rd St., Apt. 1, NY, NY (SSNY) on 5/21/13. Office location; NY County. SSNY designated as agent 10014. SSNY designated as agent of 10016. Purpose: Any lawful activity. County. SSNY designated as agent upon whom process may be served NOTICE OF FORMATION OF EV Cafe LLC upon whom process against it may upon whom process may be served and shall mail copy of process LLC. Arts of Org filed with Secy of be served. SSNY shall mail process NOTICE OF FORMATION OF and shall mail copy of process against against LLC to principal business State of NY (SSNY) on 4/10/13. to the LLC at the addr. of its princ. Argonautikus LLC. Arts of Org filed LLC to principal business address: 420 address: 44 W 90th St, Ste 7, NY, NY Office location: NY County. SSNY office. Purpose: Any lawful activity. with Secy of State of NY (SSNY) on Lexington Ave, 18th Fl., Ste 1830, 10024. Purpose: any lawful act. designated as agent upon whom 4/22/13. Office location: NY County. NY, NY 10170. Purpose: Any lawful. process may be served and shall mail Notice of Formation of GDF NYC LLC. SSNY designated as agent upon whom Notice of Formation of 1125 PARK 16A copy of process against LLC to: c/o Arts. of Org. filed with Secy. of State process may be served and shall mail Notice of Formation of DOLLY LENZ LLC. Arts. of Org. filed with Secy. of US Corp Agents, Inc. 7014 13th Ave, of NY (SSNY) on 03/08/13. Office copy of process against LLC to: US REAL ESTATE LLC. Arts. of Org. filed State of NY (SSNY) on 06/06/13. Ste 202 Bklyn, NY 11228. Principal location: NY County. SSNY designated Corp Agents, Inc., 7014 13th Ave, Ste with Secy. of State of NY (SSNY) on Office location: NY County. Princ. business address: 155 NY, as agent of LLC upon whom process 202, Bklyn, NY 11228. Principal busi- 06/20/13. Office location: NY County. office of LLC: c/o Proskauer Rose LLP, NY 10009. Purpose: any lawful act. against it may be served. SSNY shall ness address: 245 8th Ave, #241, NY SSNY designated as agent of LLC Eleven Times Sq., NY, NY 10036. mail process to Gary S. Redish, Esq., NY 10011. Purpose: any lawful act. upon whom process against it may be SSNY designated as agent of LLC CHATSWORTH RIVERSIDE PARK 3 c/o Winne Banta et al., 21 Main St., served. SSNY shall mail process to upon whom process against it may be LLC, a domestic LLC, Arts. of Org. filed NOTICE OF FORMATION OF Ste. 101, Hackensack, NJ 07601. Douglas Danzig c/o Norton Rose served. SSNY shall mail process to with the SSNY on 6/14/13. Office SOCIALLEET LLC. Arts of Org filed Purpose: Any lawful activity. Fulbright, 666 Fifth Ave., 30th Fl., NY, Attn: Steven M. Ellis at the princ. office location: New York County. SSNY is with Secy of State of NY (SSNY) on NY 10103. Purpose: Any lawful activity. of the LLC. Purpose: Any lawful activity. designated as agent upon whom BMROBOT LLC, a domestic LLC, Arts. 2/27/13. Office location: NY County. process against the LLC may be served. of Org. filed with the SSNY on 4/30/13. SSNY designated as agent upon whom NOTICE OF FORMATION OF Monarb KRH 61ST STREET LLC, a domestic SSNY shall mail process to: Cohen & Office location: New York County. process may be served and shall LLC. Arts of Org filed with Secy of LLC , Arts. of Org. filed with the SSNY Frankel, LLP, 11 E. 44th St., Ste. 1800, SSNY is designated as agent upon mail copy of process against LLC to: State of NY (SSNY) on 1/31/13. Office on 6/7/13. Office location: New York NY, NY 10017. General Purposes. whom process against the LLC may be US Corp Agents, Inc, 7014 13th Ave, location: NY County. SSNY designated County. SSNY is designated as NOTICE OF FORMATION OF served. SSNY shall mail process to: Bklyn, NY 11228. Principal business as agent upon whom process may be agent upon whom process against CERAM-LINER LLC. Arts of Org filed Philippe Berdugo, 106 address: 602 W 139th St. Ste 53, NY served and shall mail copy of process the LLC may be served. SSNY shall with Secy of State of NY (SSNY) on S, NY, NY 10019. General Purposes NY 10031. Purpose: any lawful act. against LLC to: 7014 13th Ave, Ste 202 mail process to: The LLC, 795 5th Bklyn, NY 11228. Principal business Ave., Apt. 2608-10, NY, NY 10065. 4/19/13. Office location: NY County. APPLE SEEDS PCVST LLC, a Notice of Qualification of APC River address: 350 W 50th st Apt 3W NY, General Purposes. SSNY designated as agent upon whom domestic LLC , Arts. of Org. filed with Partners, LLC. Articles of Organization NY 10019. Purpose: any lawful act. process may be served and shall the SSNY on 5/23/13. Office location: filed with the Secretary of State of NY EAT FOOD DISTRIBUTORS, LLC, a mail copy of process against LLC to: New York County. SSNY is designated (SSNY) on 6/13/13. Office location: Notice of Formation of PARKLIGHT domestic LLC, Arts. of Org. filed 7014 13TH AVE, STE 202, BKLYN, NY as agent upon whom process against NY County. The LLC was formed in LLC. Arts. of Org. filed with NY Dept. with the SSNY on 4/16/13. Office 11228. Principal business address: the LLC may be served. SSNY shall DE on 2/6/13. SSNY is the designated of State on 3/21/13. Office location: location: New York County. SSNY 55 E 73RD ST, STE #GF, NY, NY mail process to: The LLC, 10 W 25th agent upon whom process may be NY County. Sec. of State designated is designated as agent upon whom 10021. Purpose: any lawful act. St., NY, NY 10010. General Purposes. served and shall mail a copy of any agent of LLC upon whom process process against the LLC may be process against the LLC to its princi- against it may be served and shall served. SSNY shall mail process to: NOTICE OF FORMATION OF Good Melts LLC. Arts. of Org. filed pal business address: 60 Madison mail process to: c/o CT Corporation The LLC, 242 E. 60th St., Ste. 2R, Switchblade Bike Company LLC. with Secy. of State of NY (SSNY) on Avenue, Ste 1215, NY, NY 10010. System, 111 8th Ave., NY, NY 10011, NY, NY 10022. General Purposes. Arts of Org filed with Secy of State of 06/20/13. Off. loc.: New York Co. The Certificate of LLC is filed with regd. agent upon whom process may be NY (SSNY) on 2/8/13. Office location: SSNY designated as agent of LLC the Secretary of State of Delaware, served. Purpose: any lawful activity. Notice of Formation of Do The Tuck, NY County. SSNY designated as upon whom process may be served. 401 Federal Street, Ste 4, Dover, DE LLC. Arts. of Org. filed with NY Dept. agent upon whom process may be SSNY shall mail process to 300 E 19901. Purpose: For any lawful act. Notice of Formation of TILLA REALTY, of State on 4/23/13. Office location: served and shall mail copy of process 62nd St., Ste. 1702, New York, NY LLC. Arts. of Org. filed with Secy. of NY County. Sec. of State designated against LLC to: 1790 Broadway, 20th 10065. Purpose: General. REPETER ARTS & LETTERS LLC filed State of NY (SSNY) on 06/04/13. agent of LLC upon whom process Fl, NY, NY 10019. Principal business Arts. of Org.with the Sect’y of State Office location: NY County. SSNY against it may be served and shall address: 826 Broadway, #405, NY, Notice of Formation of MALAULALO of NY (SSNY) on 4/16/2013. Office designated as agent of LLC upon whom mail process to: 1185 Park Ave., Apt. NY 10013. Purpose: any lawful act. LLC. Arts. of Org. filed with Secy. of location, New York County. SSNY has process against it may be served. 1F, NY, NY 10128, principal business State of NY (SSNY) on 6/14/13. Office been designated as agent of the LLC SSNY shall mail process to Andrew address. Purpose: any lawful activity. Notice of Qualification of ARCODA location: NY County. SSNY upon whom process against it may Till, 400 E. 71st St., Unit 10D, NY, NY CAPITAL MANAGEMENT LLC. designated as agent of LLC upon be served. SSNY shall mail process 10021. Purpose: Any lawful activity. Notice of Qualification of AEGIS Authority filed with Secy. of State of NY whom process against it may be to: 774 Ninth Ave., Apt. 3RN, NY NY INVESTORS FOREIGN INCOME (SSNY) on 05/28/13. Office location: served. SSNY shall mail process to: 10019. Purpose: any lawful act. Notice of Qualification of Bravo Media BLOCKER, L.L.C. Authority filed with NY County. LLC formed in Delaware c/o Ralph R. Hochberg, 8 Tanglewood Productions of Louisiana LLC. Secy. of State of NY (SSNY) on (DE) on 08/10/07. Princ. office of LLC: Lane, Sea Cliff, NY 11579. Purpose: NOTICE OF FORMATION OF LIMITED Authority filed with NY Dept. of State 06/04/13. Office location: NY County. 25 W. 45th St., Ste. 203, NY, NY 10036. any lawful activity. LIABILITY COMPANY. NAME: Down on 5/28/13. Office location: NY County. LLC formed in Delaware (DE) on SSNY designated as agent of LLC Dog Alimentari, LLC. Articles of Princ. bus. addr.: 100 Universal City 11/08/12. Princ. office of LLC: upon whom process against it may NOTICE OF FORMATION OF LIMITED Organization were filed with the Plz., Universal City, CA 91608. LLC Goldman Sachs Private Equity Group, be served. SSNY shall mail process LIABILITY COMPANY. NAME: TWO Secretary of State of New York formed in LA on 5/9/13. NY Sec. of 200 West St., NY, NY 10282. SSNY to c/o TR Winston, Inc., 25 W. 45th ROADS PRODUCTIONS LLC. (SSNY) on May 15, 2013. Office State designated agent of LLC upon designated as agent of LLC upon St., Fl. 2, Ste. B, NY, NY 10036. DE Articles of Organization were filed with location: New York County. SSNY whom process against it may be whom process against it may be addr. of LLC: Corporation Service the Secretary of State of New York has been designated as agent of the served and shall mail process to: c/o served. SSNY shall mail process to Co., 2711 Centerville Rd., Ste. 400, (SSNY) on 06/20/13. Office location: LLC upon whom process against it CT Corporation System, 111 8th Ave., c/o Corporation Service Co. (CSC), Wilmington, DE 19808. Arts. of Org. New York County. SSNY has been may be served. SSNY shall mail a NY, NY 10011, regd. agent upon whom 80 State St., Albany, NY 12207-2543. filed with Secy. of State, State of DE, designated as agent of the LLC upon copy of process to the LLC, Down process may be served. LA addr. of DE addr. of LLC: c/o CSC, 2711 Div. of Corps., John G. Townsend whom process against it may be Dog Alimentari, LLC, at the LLC’s LLC: c/o CT Corporation System, Centerville Rd. - Ste. 400, Wilmington, Bldg., 401 Federal St. - Ste. 4, served. SSNY shall mail a copy of principal business address at 430 5615 Corporate Blvd., Ste. 400B, DE 19808. Arts. of Org. filed with The Dover, DE 19901. As amended by process to the LLC, c/o Robert West Broadway, #2B, New York, New Baton Rouge, LA 70808. Cert. of Org. Secy. of the State of DE, Div. of Cert. of Correction filed with SSNY Pesce, CPA, 750 , 11th York 10012. Purpose: For any lawful filed with LA Sec. of State, 8585 Corps., John G. Townsend Bldg., on 05/30/13, addr. of process of LLC Floor, New York, New York 10017. purpose. There is no predetermined Archives Ave., Baton Rouge, LA 401 Federal St. - Ste. 4, Dover, DE is 25 W. 45th St., Ste. 203, NY, NY Purpose: For any lawful purpose. dissolution date. 70809. Purpose: all lawful purposes. 19901. Purpose: Any lawful activity. 10036. Purpose: Any lawful activity.

22 | Crain’s New York Business | July 22, 2013 hill shares have shed 20% of their val- tives have noticed how quickly the ue.Last week,the firm reported earn- stock market changed direction when Mergers slow after quick uptick ings that fell short of expectations for Federal Reserve Chairman Ben the fifth consecutive quarter, accord- Bernanke merely talked about ending Continued from Page 1 The weakness in M&A is part of profitable there is in finance, be- ing to Bloomberg data. the policy of low interest rates. ecutive of investment bank Green- a broad slowdown in most lines of cause it takes only a handful of peo- M&A activity, however, can re- “People aren’t comfortable taking hill & Co., on a call with investors investment-banking business. Ini- ple to generate enormous fees. Last bound quickly. One big deal can set anything more than baby steps,” said last week. “It’s been a long quiet pe- tial public offerings of stock in the year,bankers collected $25 billion in off a chain of others. And bankers John Kanas, CEO of BankUnited riod …, twice as long as any other U.S.have dropped 25% this year,and advisory fees for helping put togeth- insist that corporations are still open and an aggressive buyer of banks dur- period over the last 25, 30 years.” bond sales by high-quality U.S.com- er $1.2 trillion worth of mergers to discussions about mergers, a will- ing the past 20 years. “They certain- panies are off by 2%. globally, according to Thomson ingness that is a big improvement ly aren’t going to bet the farm in an LBO, IPO woes Still,huge,diversified institutions Reuters. Meanwhile, there were over the dark days of 2009. environment like this.” And that’s how things looked be- like JPMorgan Chase and Citigroup plenty of additional fees for the city’s Some of the nation’s leading ac- fore Dell said last Thursday that it have posted strong quarterly profits law firms, accountants and others Browsing but not buying tivist investors, however, are trying would postpone its LBO. The lately because declines in investment who specialize in the work. But last “There is a lot of window- to nudge reluctant corporate hon- reason? Shareholders want the com- banking have been more than offset year’s take was small compared with shopping going on,” said Bernstein chos back into deal-making. At a puter maker to pony up more mon- by improvements in other areas. A the giddy days of 2007, when Research bank analyst Brad Hintz. conference last week, shareholder ey—a mismatch in expectations be- stronger economy has boosted in- bankers reaped $50 billion on $4.1 But browsing has yet to turn into Nelson Peltz disclosed that he has tween what buyers are willing to pay come on stock trading and hugely re- trillion worth of mergers. buying for all the reasons that have been urging PepsiCo to merge its and what sellers are willing to settle duced the number of mortgages and Hardest hit by the prolonged dogged the market for years: uncer- Frito-Lay snacks business with for. That is yet another sign that a credit-card loans going bad. At slump are M&A specialists like tainty about the economy and linger- Mondelez International in a $60 much-anticipated M&A rebound re- JPMorgan, M&A advisory work Greenhill, Lazard, Evercore Partners ing memories of the 2008 crash.The billion deal. He hopes PepsiCo mains some time off for New York’s slipped to account for a little more and other boutique firms that com- stock market has soared during the would then pay shareholders a divi- elite corps of corporate matchmakers. than 1% of the bank’s $25 billion in pete with Goldman Sachs, past year, and that is usually a harbin- dend equal to 20% of its market val- total quarterly revenue, down from JPMorgan,Morgan Stanley and oth- ger of a stronger business climate and ue.The drink maker has other plans. LISTEN to a discussion at 3% six years ago. er giants to advise on mergers. Since lots of deal-making, but not so far. “Pepsi,right now,doesn’t love the CrainsNewYork.com/podcasts M&A work is some of the most February’s merger boomlet, Green- Worse, many merger-minded execu- deal,” Mr. Peltz acknowledged. Ⅲ

TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES NOTICE OF QUALIFICATION of PJM Notice of Qualification of ASB Notice of Qualification of Amylin Notice of Qualification of KIK WEST Notice of Qualification of SINGER WHOLESALE BROKERS, LLC. Centurion 415 West Broadway Pharmaceuticals, LLC. Authority filed 30TH STREET LLC. Authority filed AIMCO HELD NOTES, LLC. Authority Application for Authority filed with Holdings, LLC. Authority filed with with NY Dept. of State on 7/1/13. with Secy. of State of NY (SSNY) on filed with Secy. of State of NY (SSNY) the Secretary of State of New York NY Dept. of State on 7/5/13. Office Office location: NY County. Princ. 06/04/13. Office location: NY County. on 05/16/13. Office location: NY (SSNY) on 2/14/13. Office location in location: NY County. Princ. bus. addr.: bus. addr.: 345 Park Ave., 3rd Fl., LLC formed in Delaware (DE) on County. LLC formed in Delaware (DE) New York County. LLC formed in 7501 Wisconsin Ave., Ste. 1300W, NY, NY 10154. LLC formed in DE on 05/30/13. Princ. office of LLC: 500 on 05/14/13. SSNY designated as Delaware on 11/15/12. SSNY has been Bethesda, MD 20814. LLC formed in 8/8/12. NY Sec. of State designated 5th Ave., Ste. 1710, NY, NY 10110. agent of LLC upon whom process designated as agent upon whom DE on 6/25/13. NY Sec. of State agent of LLC upon whom process SSNY designated as agent of LLC against it may be served. SSNY shall process against it may be served. designated agent of LLC upon whom against it may be served and shall upon whom process against it may mail process to c/o Corporation The Post Office address to which the process against it may be served mail process to: c/o CT Corporation be served. SSNY shall mail process Service Co., 80 State St., Albany, NY SSNY shall mail a copy of any process and shall mail process to: c/o CT System, 111 8th Ave., NY, NY 10011, to the LLC, Attn: Casey R. Kemper at 12207-2543. DE addr. of LLC: 2711 against the LLC served upon him/her Corporation System, 111 8th Ave., NY, regd. agent upon whom process may the princ. office of the LLC. DE addr. Centerville Rd., Ste. 400, Wilmington, is 111 8th Avenue, 13th Floor, NY, NY NY 10011, regd. agent upon whom be served. DE addr. of LLC: 1209 of LLC: Corporation Service Co., DE 19808. Arts. of Org. filed with 10011. The principal place business process may be served. DE addr. of Orange St., Wilmington, DE 19801. 2711 Centerville Rd., Ste. 400, Secy. of State, Div. of Corps., John address of the LLC is 18 Abbott Road, LLC: The Corporation Trust Co., 1209 Cert. of Form. filed with DE Sec. of Wilmington, DE 19808. Arts. of Org. G. Townsend Bldg., 401 Federal St., Hamilton, NJ 08690. Certificate of the Orange St., Wilmington, DE 19801. State, 401 Federal St., Dover, DE filed with DE Secy. of State, Div. of Ste. 4, Dover, DE 19901. Purpose: LLC filed with the Secretary of State Cert. of Form. filed with DE Sec. of 19901. Purpose: all lawful purposes. Corps., 401 Federal St., Dover, DE Any lawful activity. of Delaware located at 401 Federal State, 401 Federal St., Dover, DE 19901. Purpose: Any lawful activity. Street – Suite 4 Dover, DE 19901. 19901. Purpose: all lawful purposes. Notice of Formation of NYC Carmine NOTICE OF FORMATION OF Snow Dissolution Date: Perpetual. Purpose: Holdings LLC, Art. of Org. filed NOTICE OF FORMATION OF Fox LLC. Arts of Org filed with Secy Any lawful act or activity. Notice of Qual. of North 3rd Lender Sec’y of State (SSNY) 4/5/13. Office BREAKAWAY HOOPS LLC. Arts of of State of NY (SSNY) on 6/27/13. LLC, Auth. filed Sec’y of State (SSNY) location: NY County. SSNY designated Org filed with Secy of State of NY Office location: NY County. SSNY NOTICE OF FORMATION OF LIMITED 3/26/13. Office loc.: NY County. LLC as agent of LLC upon whom process (SSNY) on 3/28/13. Office location: NY designated agent upon whom LIABILITY COMPANY. TRACY org. in DE 3/22/13. SSNY desig. as against it may be served. SSNY shall County. SSNY designated as agent process may be served and shall JEFFREY VENTURES, LLC. Articles agent of LLC upon whom process mail copy of process to Meister upon whom process may be served mail copy of process against LLC to: of Organization were filed with the against it may be served. SSNY shall Seelig & Fein, 140 E. 45th St., NY, and shall mail copy of process c/o Capital Services Group, LLC 601 Secretary of State of New York (SSNY) mail copy of proc. to NRAI, 111 NY 10017, the Reg. Agt. upon whom against LLC to principal business Cape Eleuthra Rd, Bethany Beach, 5/28/13. Office Location: NY County. Eighth Ave., NY, NY 10011, the Reg. proc. may be served. Purpose: any address: 228 W 149 ST APT 6A NY, DE 19930. Purpose: any lawful act. SSNY has been designated as agent Agt. upon whom proc. may be served. lawful activities. NY 10039. Purpose: any lawful act. of the LLC upon whom process DE off. addr.: 160 Greentree Dr., Ste. NOTICE OF FORMATION OF against it may be served and shall 101, Dover, DE 19904. Cert. of Form. Notice of Formation of GAVECORE NOTICE OF FORMATION OF Carlania, LLC. Arts of Org filed with mail a copy of process to TRACY on file: SSDE, Townsend Bldg., Dover, LLC. Arts. of Org. filed with Secy. of KIKKERLAND RETAIL LLC. Arts of Secy of State of NY (SSNY) on JEFFREY VENTURES, LLC, 708 DE 19901. Purp.: any lawful activities. State of NY (SSNY) on 07/02/13. Org filed with Secy of State of NY 6/20/13. Office location: NY County. Third Avenue, 20th fl., New York, NY Office location: NY County. SSNY (SSNY) on 5/31/13. Office location: NY SSNY designated as agent upon 10017, attention Rubin Ferziger. Notice of Qual. of Scopia EM designated as agent of LLC upon County. SSNY designated as agent whom process may be served and Purpose: for any lawful purpose. Management LLC, Auth. filed Sec’y of whom process against it may be upon whom process may be served shall mail copy of process against State (SSNY) 12/7/12. Office loc.: NY served. SSNY shall mail process to and shall mail copy of process LLC to principal business address: Notice of formation of limited liability County. LLC org. in DE 12/4/12. SSNY the LLC, 505 Park Ave., 8th Fl., NY, NY against LLC to principal business c/o Shane Henty Sutton, P.C., 150 E company (LLC). Name: SRAR, LLC. desig. as agent of LLC upon whom 10022. Purpose: Any lawful activity. address: 666 Broadway, Unit 4, NY, NY 58th St, 25th Fl, NY, NY 10155. Articles of Organization filed with process against it may be served. 10012-2314. Purpose: any lawful act. Purpose: any lawful act. Secretary of State of New York (SSNY) SSNY shall mail copy of proc. to Att: Winsor Holdings LLC, Arts of Org filed on 6/5/2013. NY office location: NY Matthew Sirovich, 152 W. 57th St., 33rd with SSNY on 07/08/13. Off Loc: New Notice of Formation of BIG CITY NOTICE OF FORMATION OF CEYLAN County. SSNY has been designated Fl., NY, NY 10019. DE off. addr.: CSC, York County, SSNY designated as REALTY MANAGEMENT, LLC. Arts. of YAZAR CONSULTING LLC. Arts of as agent of the LLC upon whom 2711 Centerville Rd., Wilmington, DE agent of LLC upon whom process Org. filed with Secy. of State of NY Org filed with Secy of State of NY process against it may be served. The 19808. Cert. of Form. on file: SSDE, against it may be served. SSNY shall (SSNY) on 07/15/13. Office location: NY (SSNY) on 6/26/13. Office location: NY post office address to which the SSNY Townsend Bldg., Dover, DE 19901. mail a copy of process to: The LLC, County. Princ. office of LLC: 20803 County. SSNY designated as agent shall mail a copy of any process Purp.: any lawful activities. 108 Forsyth St, New York, NY 10002. Biscayne Blvd., Ste. 301, Aventura, FL upon whom process may be served against the LLC served upon him/ Purpose: to engage in any lawful act. 33180. SSNY designated as agent of and shall mail copy of process against her is , Ste 2600, NY Notice of Qualification of ANS (WE), LLC. LLC upon whom process against it LLC to: US CORP AGENTS, INC 10036. Purpose: Any lawful purpose. Authority filed with Secy. of State of NY Notice of Qualification of Valutrust may be served. SSNY shall mail 7014 13TH AVE STE 202 BKLYN, NY (SSNY) on 07/08/13. Office location: Solutions, LLC. Authority filed with process to the LLC at the addr. of its 11228. Principal business address: NOTICE OF FORMATION OF LIMITED NY County. LLC formed in Delaware NY Dept. of State on 6/24/13. Office princ. office. Purpose: Real estate. 212 E 95TH ST 6A NY, NY 10128. LIABILITY COMPANY. NAME: (DE) on 07/02/13. SSNY designated location: NY County. LLC formed in Purpose: any lawful act. CHADDESLEY LLC. Articles of as agent of LLC upon whom process KS on 8/19/10. NY Sec. of State NOTICE OF FORMATION OF LIMITED Organization were filed with the against it may be served. SSNY shall designated agent of LLC upon LIABILITY COMPANY. NAME: 41 WEST Notice of Formation of Tigris, LLC. Secretary of State of New York mail process to Attn: John J. Suydam, whom process against it may be 47 LLC. Articles of Organization were Articles of Organization filed with New (SSNY) on 07/09/13. The latest date 9 W. 57th St., 43rd Fl., NY, NY 10019. served and shall mail process to: c/o filed with the Secretary of State of York Secretary of State on June 7, 2013. of dissolution is 12/31/2113. Office DE addr. of LLC: c/o Corporation CT Corporation System, 111 8th New York (SSNY) on 04/26/02. Office Principal Office Location: New York location: New York County. SSNY Service Co., 2711 Centerville Rd., Ste. Ave., NY, NY 10011, regd. agent location: New York County. SSNY County. Secretary of State designated has been designated as agent of the 400, Wilmington, New Castle Cnty., upon whom process may be served. has been designated as agent of the as agent of LLC upon whom process LLC upon whom process against it DE 19808. Arts. of Org. filed with The KS and principal business addr.: LLC upon whom process against it against the LLC may be served. may be served. SSNY shall mail a Secy. of State of the State of DE, 7500 College Blvd., Ste. 600, may be served. SSNY shall mail a Secretary of State shall mail a copy copy of process to the LLC, 721-725 Dept. of State, Div. of Corps., John Overland Park, KS 66210. Cert. of copy of process to the LLC, c/o A & of any process to the LLC at: 146 , Unit 35H, New York, G. Townsend Bldg., 401 Federal St., Org. filed with KS Sec. of State, 120 K, 47 West 46th Street, New York, West , #68A, New York, New York 10022. Purpose: For any Ste. 4, Dover, DE 19901. Purpose: SW 10th Ave., Topeka, KS 66612. New York 10036. Purpose: For any New York 10019. Purpose: to lawful purpose. Any lawful activity. Purpose: all lawful purposes. lawful purpose. engage in any lawful act or activity.

July 22, 2013 | Crain’s New York Business | 23 lanes and pedestrian selves out of luck. uate of Harvard Bloomberg bigs plazas to other cities “They’re going to find that University and the around the globe, they’re not as close as they thought University of Chica- and an institute run they were,” said one source who go Law School, Mr. Continued from Page 1 Last week, Seth by Ms. Sadik-Khan works closely with the Bloomberg Holloway is said to together,spreading their brand of ur- Pinsky, head of the and Ms.Burden,es- administration. be weighing a stint ban planning across the globe.Sever- city’s Economic pecially one backed Many commissioners are racing at a law firm. One al former Bloomberg administration Development Amanda Burden by the mayor’s bil- to complete their most important Caswell Holloway former colleague sources confirmed that the two have Corp., announced lions, could be the projects as the mayor’s term winds floated the possibil- been in discussions about forming that he was de- perfect way to ac- down and the city’s attention turns ity of a career in politics. “I can see their own urban-planning policy in- camping for RXR complish that. Both toward those vying to replace him. Cas having longer-term political stitute, either as an offshoot of May- Seth Pinsky Realty, a multibil- are considered rock Mathew Wambua, commission- ambitions,” the colleague said. or Michael Bloomberg’s foundation lion-dollar firm run stars in their respec- er of the Department of Housing Even administration officials or as a stand-alone entity. Another by Scott Rechler, tive fields. Ms. Bur- Preservation and Development, is with less star power will be in high source said they were angling to open vice chairman of the den has overseen focused on reaching the mayor’s demand, former colleagues, recruit- a global consulting firm. Port Authority. J. Sadik-Khan 119 rezonings en- goal of building or ment experts and political pundits “Those two have traveled to- Meantime, Police compassing 11,000 preserving 165,000 said. Deputy Mayor Linda Gibbs, gether on their own time,” a former Commissioner Ray blocks since 2002. Ms. Sadik-Khan units of affordable who oversees Mr. administration official said. Kelly was being has installed more than 200 miles of housing, a mile- Bloomberg’s public “They’ve done the urban-planning Ray Kelly courted to run the bike lanes since 2007. stone that could be a health and social grand tour.” U.S. Department of “They believe they have some- feather in the com- welfare initiatives, The pair are the latest adminis- Homeland Security,while one of his thing to sell the world,” another in- missioner’s profes- could run a non- tration all-stars planning their exo- longtime aides, Paul Browne, left to sider said. Mathew Wambua sional cap. profit, while Carol dus as part of a transition that is as serve as a vice president at the Uni- The mayor and both commis- Mr. Wambua, Robles-Roman, likely to transform the private sector versity of Notre Dame. sioners did not respond to requests who got his start on the finance side Linda Gibbs deputy mayor for le- as it is the face of government.Aides There are more than 250,000 for comment. of housing for the city,is expected to gal affairs, may be to Ed Koch, the last three-term municipal employees. Most are A job at Mr. Bloomberg’s media return to a similar role, albeit with a nominated for a mayor, turned their government ex- union members and low-level bu- company or his philanthropic foun- well-paying gig at a place like judgeship, sources perience into prominent careers. reaucrats who have already spanned dation has already Citibank, JPMorgan Chase or any predicted. Schools Some, like developer Bruce Ratner more than one mayoralty. But ap- been the reward for of the other institutions that provide Chancellor Dennis and transportation planner Sam pointed officials—commissioners the mayor’s trusted lending for affordable housing. “It’s Walcott, a known Schwartz, continue to influence and their top deputies—are unlike- advisers. Deputy public service,” said a source close to workaholic, could public policy.Top Bloomberg alum- ly to stay past Dec. 31. “There’s a Mayor Patricia the commissioner, on his view of Dennis Walcott have corporate ap- ni may go even further. traffic jam at the exit ramp,” one ex- Harris oversees his private-sector work. peal, given his time “The Bloomberg moniker is one administration official said. foundation, and Deputy Mayor Howard Wolfson running organizations like the Ur- of the most desirable brands to have The prospect of Ms. Burden and Patricia Harris former Deputy sold his stake in his consulting firm, ban League and the Department of on your résumé,” said Mitchell Ms. Sadik-Khan joining forces has Mayor for Econom- Glover Park,in 2009 to help run Mr. Education. Moss, a professor of urban policy at tongues wagging in City Hall circles. ic Development Dan Doctoroff Bloomberg’s bid for Chief Digital Officer Rachel New York University who has infor- Mr. Bloomberg has expressed inter- runs Bloomberg LP.But those seek- a third term. Many Haot is expected to capitalize on the mally advised the mayor. est in spreading the gospel of bike ing this route are likely to find them- former colleagues administration’s focus on Silicon assume he will sad- Alley by landing a spot at a tech dle up with Hillary firm. Kate Levin, Clinton after head- commissioner of ing communica- cultural affairs, will Howard Wolfson tions for her 2008 be sought by any presidential cam- number of arts paign. Ms. Clinton is widely as- groups that have sumed to be interested in another been lifted during run in 2016. Kate Levin the past decade by Some believe Mr. Wolfson will the mayor’s stay with the mayor to help manage largesse. Likewise his political operations, like his cru- for Katherine Oliv- sade against illegal guns and his er, the film and me- health initiatives. Indeed, his stal- dia commissioner. wart advocacy for the mayor’s poli- Bloomberg offi- cies may have burned a few bridges. cials who choose to He was rumored to be considering a Katherine Oliver go into the nonprof- gig with national teachers’ union it sector may not boss Randi Weingarten, for whom achieve the lofty payouts their col- he once consulted. But his public leagues will find in the private sector, battle with the city teachers’ union but they may land atop their fields. has quashed that speculation. The Ford Foundation is seeking a “That ship has probably sailed,” new president, and according to the one ex-administration official said. nonprofit’s last tax form,the man cur- Deputy Mayor for Economic rently holding the post is paid Development Robert Steel,who left $833,000. The position is one of the Wall Street to replace Robert Lieber best in the nonprofit world.Someone in 2010, has already amassed a for- running a smaller nonprofit would tune in finance. He earn between $200,000—about what is likely to seek a the average city commissioner high-profile posi- makes—and $300,000. Crain’s annual Corporate Events and Holiday tion of influence, Issue Date: 9/9/13 “These folks will have a lot of Parties Guide provides our unique dual- perhaps leveraging employment choices,” said Becky audience of meeting planners and executive Close Date: 8/22/13 his success with the Klein, managing partner at Phillips Cornell-Technion For advertising information, Oppenheim, an executive search decision-makers with expert advice, tips and Robert Steel applied-sciences firm that specializes in nonprofit vendor options while they are scheduling their please contact Nancy Adler at (212) 210-0278 or campus into a stint positions. end-of-year meetings and holiday events. [email protected] in higher education. He served on The challenge for all of them, Duke University’s board of trustees however, will be finding a position To view the 2012 edition, please visit: crainsnewyork.com/2012CEHP until 2009, and is chairman of the that can be as exciting as running an Aspen Institute,in addition to hold- agency that affects the lives of mil- ing several other board appoint- lions of fellow New Yorkers. ments. “There’s no substitute for run- Caswell Holloway, Mr. ning a New York City agency,” said Bloomberg’s deputy mayor for oper- Mr. Moss, the NYU professor. “So ations, is also seen as likely to stay no matter what they do, it’s not go- with the administration until the ing to give them the same thrill.” Ⅲ end.One insider noted that Mr.Hol- loway has openly admitted to being Additional reporting by Theresa Agovino

unsure where he’ll land next.A grad- and Matt Chaban. images: bloomberg, buck ennis, newscom

24 | Crain’s New York Business | July 22, 2013 HELLUVA TOWN INSIDE Source Breakfast Goldman banks on Citi Bike PAGE 26 Out and About Restaurant Week is back

stephanie berger for summer PAGE 27 A midsummer night’s dream RARE A funny thing happened at the COMBINATION: New York Philharmonic ’s free Andrea Miller concert in Central Park last week. (surrounded by Retired hedge-fund mogul Oscar her Gallim dancers) Schafer, who is a major supporter has the talent and of the event, had his pinch-me business sense to moment. The former stock picker, succeed in the who folded his O.S.S. Capital world of dance. Management during the downturn, took to the stage to make an introductory speech. There, in front of a crowd of more than 50,000 in the 90- degree heat (the musicians were fanning themselves as he spoke), he told a touching story: He met his wife, Didi, 15 years ago on a blind date to see the opera Carmen. And in her honor, as a complete surprise, he said he would conduct the overture to Georges Bizet’s tragic opus. The hedgie said leading the orchestra would fulfill “a lifelong dream.” He was then handed a white jacket and a baton. The air was steamy and the crowd was restless, but he performed with aplomb—for a novice, at least— waving his wand with vigor, if not exactly in time. The short but rousing piece was met with cheers. Mr. Schafer then handed the reins to Music Director Alan Gilbert, who led pieces by Dvorak and Tchaikovsky. Supporting the arts may cost millions. But conducting the orchestra? Priceless. Morton’s is back

In yet another sign of a reviving downtown, Morton’s The Steakhouse reopened at the World Trade Center this month after more than a decade’s absence from the neighborhood.The national chain’s new location, at 136 Washington St., is just a stone’s throw from where it was All they want to do is dance before the Twin Towers fell. A trio of rising-star choreographers are taking center stage The new Morton’s sits in to shape the art form and build nonprofit companies front of the National

September 11 buck ennis scott rudd Memorial & and across from the W BY MIRIAM KREININ SOUCCAR LEAPS AND hotel, giving it access to hordes of tourists. Tilman Fertitta, chairman BOUNDS of corporate parent Landry’s t ’s Fall for Dance festival in 2010, choreographer Restaurants, who made an Andrea Miller watched from the audience as her little-known troupe $700K appearance at the recent grand performed with major names like Twyla Tharp and Merce Cunningham. opening, has lightened up Morton’s design since he bought Her seat turned out to be a good one indeed. As the audience stood and the chain in 2011, a spokeswoman cheered for Gallim Dance, Ms. Miller struck up a conversation with her said. The split-level space with a ground-floor lounge is decorated neighbor, who just happened to be financier Frederic Seegal. He was so primarily in black, but Mr. Fertitta impressed that he took the whole company out to celebrate. He’s now installed a glass façade—OK, black glass, but still glass. The chairman of the group’s advisory board.¶ “It was an incredible night,” said lower-level dining room, with the 31-year-old Ms. Miller, who graduated from the Juilliard School in 2004 and danced with the surprisingly low ceilings, seats 92. Batsheva Ensemble in Israel for two years before starting her own company. ¶ The event was one Decor aside, the chophouse is of Amany serendipitous moments that have helped propel Ms. Miller and Gallim (which means likely to be embraced by the $3K expense-account-toting finance “waves” in Hebrew) to the forefront of the dance world. ¶ Ms. Miller is one of a handful of rising- Ms. Miller’s Ms. Miller’s types who will fill the rising star choreographers who, dance experts say, are shaping this generation of the art form while annual current towers in the neighborhood. budget annual —valerie block trying to provide a more stable environment for the community at large. See DANCE on Page 26 in 2007 budget

July 22, 2013 | Crain’s New York Business | 25 SOURCE BREAKFAST: All they want to do is dance ALICIA GLEN bloomberg newsbloomberg by Annie Karni Continued from Page 25 She shares the stage with two with the wild and electrifying slew of high-profile commissions others who have been racking up dances she creates. When she was and accolades during the past cou- accolades, commissions and just beginning six years ago, Jim ple of years.The Juilliard School and tours—Brian Brooks and Kyle Herbert, chairman of First Repub- the Vail International Dance Festi- In Citi Bike, Goldman Abraham—though Ms. Miller is lic Bank and a major dance afi- val recently commissioned new further along the road to success. cionado, visited five new compa- works, and New York City Ballet “These three are the leaders of nies looking to help a young principal dancer Wendy Whelan eyes good investment the pack,” said Joseph Melillo, ex- choreographer get started. When tapped him to develop a duet for her. ecutive producer for the Brooklyn he came to Gallim, Ms. Miller In October,his new piece,Run Don’t Academy of Music. “They are very boldly asked for a $30,000 dona- Run, will be presented at BAM’s strong personalities,and their work tion.She didn’t get the full amount, Next Wave Festival. Equally im- or 12 years, Alicia Glen The problem is I have such a great job. reflects an idiom of today in terms but her pluck impressed Mr. Her- pressive, he is choreographing Julie has held onto what she You’re sort of hard-pressed to think of of an extreme physicality being bert, whose bank is now a major Taymor’s highly anticipated pro- believesisone of the most a better job. I worked in city govern- used in dance.” supporter. Ms. Miller appears in duction of A Midsummer Night’s coveted jobs in the New ment, and I think regardless of who Dream, which opens in November York City development the next mayor is, New York City is Capital is scarce at the Theater for a New Audience. Fworld: She heads the Urban Invest- blessed with a largely effective and Achieving success in the dance Brian Brooks Kyle Abraham, a 35-year-old ments Group at Goldman Sachs, transparent government, which al- world is quite the workout.The av- former dancer with David Dorf- which since 2001 has committed lows all of this to happen.I would take erage dancer earns only $28,000 a is ‘working man Dance and the Bill T. more than $2.8 billion to develop- anybody on when they pooh-pooh year and has to take an average of Jones/Arnie Zane Dance Compa- ment projects in low-income neigh- city government.New Yorkers should four jobs simultaneously to make to create ny,is also working on establishing a borhoods.Her mandate is to improve appreciate how fantastic we have it. ends meet, according to Dance/ nonprofit structure for his compa- communities, but it’s not philanthro- NYC, an advocacy organization. sustainability’ ny, Abraham.In.Motion, which he py. The investments are supposed to Do you think this work helps change the Capital for new companies is get- launched in 2006. For now, his earn Goldman solid returns. view of evil and greedy banks? ting harder to find as well. The earned and donated income is fun- Ms. Glen worked as assistant Smart, progressive banks do not need Greenwall Foundation, formerly a neled through New York Live Arts, commissioner for housing finance at to be an oxymoron.It sounds like one, big dance funder, closed its arts ads for the bank and was featured in a nonprofit dance organization, the city’s Department of Housing but it isn’t.We’re trying to use our cap- program in 2011, and Altria, a ma- its annual report. where Mr. Abraham has been Preservation and Development from ital to do important and interesting jor corporate funder, stopped do- “Andrea understands not only awarded a coveted residency in 1998 to 2002. Most recently, she things. On our projects, if they don’t nating to New York arts groups in how to create compelling perform- which the nonprofit provides stu- helped put together the deal to fund make money, then nobody’s going to 2007 when it relocated its head- ances, but also how to inspire and dio space, marketing assistance, a the city’s bike-share program. Al- do more of them. If we make solid re- quarters out of the city. lead a team,” Mr. Herbert said. grant and the benefits of having an though Citi Bike doesn’t carry Gold- turns and have made a significant “Things have always been diffi- Mr. Brooks’ goal is similar to umbrella organization. man’s name,the investment bank saw contribution, we’re going to get more cult for choreographers, and there’s Ms. Miller’s—to create his own Mr. Abraham’s budget was an opportunity. It put up the money money.We’re not all evil squids.We’re just a handful that really emerge,” nonprofit company that offers sta- $300,000 in 2012, up from to fund the project’s infra- nice little calamari. said Arlene Shuler, president of ble work for his dancers.His troupe, $260,000 the previous year. Last structure and expects to WHERE City Center. “It’s as much business Brian Brooks Moving Company, year, Alvin Ailey American Dance make a profit eventually. What kinds of returns do you sense as talent to say who succeeds.” had its first season at the prestigious Theater commissioned a new work, THEY expect on your projects? Ms. Miller possesses that rare Jacob’s Pillow in the Berkshires in which premiered at New York City Why did you fund Citi Bike? DINED High single digits. We’re mix of artistic talent and entrepre- July.In the past year,he has quadru- Center in December.Mr.Abraham These programs, if they are SARABETH’S taking risk, but we’re not neurial acumen. In just six years, pled his annual budget to $400,000, was also chosen to create a duet for successful, don’t need to be 423 Amsterdam trying to make gazillions of she has started her own nonprofit and last month hired his first em- Ms. Whelan, someone he calls subsidized by city govern- Ave. dollars. company, found permanent studio ment. But it costs a lot on (212) 496-6280 ployees, seven part-time staffers. “dance royalty.” And he was among www.sarabeths and office space in a large church in He doesn’t have permanent studio just 54 artists around the country to the front end to buy the west.com How many projects do you Brooklyn near BAM, and grown space, and he runs his entire opera- be named a United States Artists bikes and the stations. It’s fund at any given time, and her annual budget to $700,000 tion using Google docs and his cell- fellow last year. like an enormous startup AMBIENCE: how many projects that ask from just $3,000. A year ago, she phone, but he is working with a business. We made a com- Homey, country for funding get it? Knowing the pitfalls feel with hired an executive director— fundraising consultant and devel- mitment of $42 million,and comfortable We try to do 40 or 50 deals Meredith “Max” Hodges—a for- oping a board with the hopes of es- Caught on his cellphone while most of that money has been seats and a year, and we focus a lot in mer employee at the Museum of tablishing his own 501(c)(3) non- he was scouting for costumes for an drawn down to literally pay homemade jams New York and northern Modern Art with an M.B.A. from profit in a year. upcoming performance, Mr. Abra- for the bikes, the technolo- decorating the New Jersey. I would guess Harvard University. She has seven “I want to provide a profession- ham had time to answer just a few gy,the staff and the docking tables 20% of stuff that’s pitched questions. Dance experts say he is stations. We will get paid makes it through the first permanent dancers and six board al and well-compensated environ- WHAT THEY ATE: members. ment for dancers,”Mr.Brooks said. not preoccupied with building a back through two sources: screen. And then out of Ⅲ Fruit bowl, Ms. Miller, now seven months “I’m trying to push the field into a large nonprofit. Citibank for paying for their coffee that 20%, about 50% gets pregnant with her first child, takes more functional place.” “Kyle is more interested in get- naming rights over time, through our underwriting. Ⅲ Farmer’s as many chances trying to build her The 39-year-old, who danced ting his work out there, not so and the program itself also omelet, orange These deals are really com- avant-garde company as she does with Elizabeth Streb,has achieved a much in developing a company,” has to perform. It’s a small- juice plicated, and there are a lot City Center’s Ms. Shuler said. business loan. In theory, we of stakeholders. Despite their current successes, could lose money. TOTAL: $41.29, WHERE these choreographers know the in- plus tip What are you working dustry’s pitfalls all too well. Does it bother you that most on right now? TO WATCH Mr.Brooks said the 2008 finan- people don’t know about Goldman’s I’m excited about Kalahari Two, on cial crisis hit him so hard that he involvement in Citi Bike? West 116th Street. It’s a develop- Upcoming performances in was ready to “throw in the towel.” We’re not a retail bank. Citibank, ment with affordable rentals in the the New York area His troupe didn’t perform for more Chase—these are retail banks that back,a new gym and a community fa- Abraham.In.Motion than a year,but he used that time to spend hundreds of millions of dollars cility.The building is designed to deal Aug. 1: Pavement develop a new piece. Then the globally on advertising. We’re an in- with the mix of incomes in Harlem, Lincoln Center Out of Doors Joyce Theater offered a booking in vestment bank,and we didn’t need to which is changing dramatically. We Manhattan June 2011, other venues began to have our name on something. never want to be gentrifying neigh- Aug. 21-24: Pavement call, and he was back on his feet. borhoods and displacing people. “Things are great now, but You’ve been approached in the past for We’re building 80 market-rate units Jacob’s Pillow DUET: Brian Brooks with Wendy Whelan Becket, Mass. touring is so volatile,” Mr. Brooks jobs in government. Are you ever tempted and 110 affordable-housing units. It said. “I’m working to create sus- to go into the public sector again? was a vacant lot before. Ⅲ Brian Brooks Moving Company Gallim Dance tainability.” Aug. 14-18: Wendy Whelan’s Restless Sept. 22-23: Preview, Fold Here Ms. Miller echoed her col- Creature, featuring her duet with Brian Solomon R. Guggenheim Museum league’s sentiment.“I would love to INSIDE TIP: Ms. Glen chose the restaurant Brooks Manhattan reach the point where we have a Jacob’s Pillow Sept. 26-29: World premiere, Fold Here stable operation, where we can because it’s close to her home on the Upper Becket, Mass. Montclair State University’s Peak make great work,provide artist res- West Side, where she lives with her husband Oct. 22-26: BAM’s Next Wave Festival Performance Series idencies, pay our dancers more and Brooklyn Academy of Music Montclair, N.J. provide health insurance for them,” and two daughters. she said. Ⅲ

26 | Crain’s New York Business | July 22, 2013 OUT AND SNAPS Food, music take center stage at summer parties ABOUT by Ali Elkin and Theresa Agovino

CULTURE FIX CAREER BUILDER TUESDAY, JULY 23, WEDNESDAY, JULY 24 TO SUNDAY, AUGUST 18 The residential real estate The Public Theater is mixing it up at community will gather at the NEW Shakespeare in the Park with LOVE’S YORK SUMMER MULTIFAMILY & LABOUR’S LOST, A NEW MUSICAL. Skeptics APARTMENT SUMMIT. More than should know the songs are by Michael 300 industry leaders are expected Friedman, who wrote the music for Bloody to attend and trade insights on Bloody Andrew Jackson. Alex Timbers, of future trends, growing New York Bloody Bloody and Peter and the Starcatcher, submarkets and the effects of new is the director. Tickets are free, and are tax modifications. The event runs distributed at noon every day there is a from 7:30 a.m. to 4 p.m. and will be performance at the Delacorte Theater box held at the McGraw-Hill office in Central Park. They are also Executive Suite, 1221 Sixth Ave. distributed online at www.shakespeare Registration costs $245 and is inthepark.org. available online at www.cre-

events.com/sas. For more stephanie berger

FRIDAY, JULY 26, AND information, visit the website or ken goodman JOE TORRE and ALAN GILBERT at the New York Philharmonic concert in Central Park SATURDAY, JULY 27 call (617) 501-6075. BOBBY FLAY and ALEX GUARNASCHELLI at Dan’s on July 13. Major League Baseball donated $1 million to Superstorm Sandy relief in As part of the Taste of Two Forks on July 13 in Bridgehampton, L.I. conjunction with the concert. Lincoln Center FRIDAY, JULY 26 Festival, Irish MARKETING YOURSELF WITH songstress Sinéad CONFIDENCE will focus on how job O’Connor will take the stage in THE candidates can zero in on their GOSPEL SESSIONS, performing some of her unique talents and expertise to favorites of the genre. Joining her will be land jobs. The free lecture is at the the Inspirational Voices of the Abyssinian New York Public Library’s Baptist Church. Performances will be at 8 Science, Industry and Business p.m. both nights at the Starr Theater, Library at 188 Madison Ave. from Adrienne Arsht Stage, at Alice Tully 6 p.m. to 7:30 p.m. For more Hall, 60 Lincoln Center Plaza. Tickets information, visit www.nypl.org/ start at $50 and are available at locations/sibl or call www.lincolncenterfestival.org. (917) 275-6975.

DON’T MISS SUMMER RESTAURANT WEEK seth walters

ALEX GOLEY, JENNA LEIGH GREEN, DWELVAN DAVID, MATT buck ennis MONDAY, JULY 22, TO FRIDAY, AUGUST 16 SHINGLEDECKER and DARREN RITCHIE at the 2013 New York Musical ANN HUSTON, RICHARD LANZARONE and RICHARD KARSON at Choose from a slew of big-name restau- Theatre Festival opening-night party on July 9. the Crain’s health care symposium on July 17. rants offering three-course prix fixe lunch and dinner specials during NYC RESTAURANT WEEK. Lunch is $25 and dinner is $38. This See more of this week’s Snaps online at CrainsNewYork.com/galleries. year’s crop of eateries includes popular choices across all types of cuisines, from Blue Smoke to Café Boulud. A listing of participating restaurants, with links to menus and online reservations, is available

at www.nycgo.com/restaurantweek. buck ennis

OPENING FUNDRAISERS WEDNESDAY, JULY 24, WEDNESDAY, JULY 24 TO FRIDAY, AUGUST 23 The Young Professionals Alliance is hosting a The Nippon Gallery will showcase SUMMER HAPPY HOUR to benefit the Madison part of an extensive private Square Boys & Girls Club.The $25 ticket collection of kimonos in ESSENCE price will cover the cost of membership for OF KIMONO. four at-risk children.The event will be held at The exhibit White Rabbit, 145 E. Houston St., from 6 features p.m. to 9 p.m. It will feature drink specials, a pieces raffle and music from a local guest DJ. spanning Tickets are available at www.ypasummer 200 years happyhourbenefit-es2.eventbrite.ca. of Japanese history. SATURDAY, JULY 27 The gallery The Ovarian Cancer Research Fund’s SUPER is part of SATURDAY is an outdoor event in the Join Crain’s to congratulate the 2013 honorees at a special luncheon event and take the Hamptons featuring a “designer garage sale” Nippon with wares from more than 200 high-end advantage of a unique networking opportunity with the New York business community. Club, at 145 W. brands. Kelly Ripa will host the festivities. 57th St. The exhibit is open Tickets start at $450 for adult general Monday through Saturday, admission; $650 buys preview shopping DATE: Tuesday, October 1, 2013 | TIME: 12:00 p.m. - 2:00 p.m. and admission is free. For access. The fundraiser will be held at Nova’s Gotham Hall | 1356 Broadway more information, visit Ark Project in Water Mill, L.I., and runs www.nipponclub.org or call from noon to 6 p.m. Tickets are available (212) 581-2223. online at www.ocrf.org. RESERVE YOUR SEAT TODAY: crainsnewyork.com/events-MPW2013

MARK YOUR CALENDAR… COST TO ATTEND: $300 for individual ticket(s) Space is limited. You must be pre-registered to attend this event. No refunds permitted. $3,000 for table(s) of ten For more information, contact Alexis Sinclair at (212) 210-0739 or [email protected]. **Early bird pricing ends July 31, 2013** For sponsorship opportunities, please contact Nancy Adler at (212) 210-0278 or [email protected]. SATURDAYS, AUGUST 3, 10 AND 17 THE CITY WILL CLOSE Park Avenue and Lafayette Street to traffic from East 72nd Street to the Brooklyn Silver Sponsors: Bridge as SUMMER STREETS returns for three consecutive Saturdays in August. Along the route, there will be activity stations, including a light-and- sound exhibit in the Park Avenue Tunnel, a rock wall in SoHo and a zipline in Foley Square. The event is free and runs from 7 a.m. to 1 p.m. For more information, visit www.nyc.gov/html/dot/summerstreets.

July 22, 2013 | Crain’s New York Business | 27