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INSIDE NY AREA’S LARGEST TOP STORIES EXECUTIVE The cash bundlers RECRUITING behind the 2013 FIRMS mayoral wannabes ® PAGE 15 PAGE 3 Online grocer VOL. XXVIII, NO. 4 WWW.CRAINSNEWYORK.COM JANUARY 23-29, 2012 PRICE: $3.00 looking to bag new cities PAGE 3 Tech’s lessons Signature Theatre to play starring role changes taking place in the classroom. In the midst in new West 40s NYC is digital BY MATTHEW FLAMM of its Internet moment, education is going through PAGE 2 a digital disruption similar to the ones that have hotbed in push Last Thursday morning outside Apple’s press con- shaken up the music industry, newspapers and Wage Theft law’s ference at the Guggenheim Museum, news-team trade-book publishing. to transform sound trucks stretched an entire block, possibly Apple’s event was also symbolic of New York’s paper demands are setting a record for the amount of coverage for an role in that transformation. Executives from the driving biz bonkers education as announcement about textbooks. Cupertino, Calif.-based company came all the way SMALL BUSINESS, PAGE 9 But the introduction of interactive, instruction- to Fifth Avenue because, by and large, this is where we know it al e-books for the iPad was also a signal of larger See TECHNOLOGY on Page 7 Hipsters go home! Brooklynites lash out at bar boom NEIGHBORHOODS, PAGE 5

BUSINESS LIVES GOTHAM GIGS Sleeping well in the city that never sleeps P. 19 ● ANNE FISHER How to build a Fortune 500

powerhouse brand P. 19 istockphoto ● MOVERS & SHAKERS Planning NYC’s green revolution P. 20 ● GAEL GREENE Where to Silverstein to call Goldman get a good lunch P. 22 a halt at 3 WTC snacks on INDEX own stock THE INSIDER ______8 Unable to line up tenants, developer to cap REAL ESTATE DEALS PLUS ______9 OPINION ______11 his second Trade Center tower at 7th floor Bank’s buybacks FOR THE RECORD ______12 the World Trade Center site if he exceed its profits CLASSIFIEDS ______16 BY THERESA AGOVINO can’t find a major office tenant, EXECUTIVE MOVES ______19 sources close to the company said. BY AARON ELSTEIN THE WEEK AHEAD ______22 Developer Larry Silverstein is plan- Minor modifications have al- THE WEEK ON THE WEB ______23 ning to halt construction by the end ready been made to the ongoing Here’s a sign of the tough times at buck ennis

CHEAT SHEET ______23 of the year on the second of the two construction of the tower that will LARRY SILVERSTEIN wants an 80-story Goldman Sachs: Last year, it spent towers he is currently building at See SILVERSTEIN on Page 7 tower, but can’t yet show he can fill it. more money buying back its stock than it generated in earnings.To be exact, the bank coughed up $6.04 REPORT HEALTH CARE billion to repurchase shares on the open market while producing only Imagine holding an iPhone over your chest for $4.44 billion in profits. ELECTRONIC EDITION It’s not a distinction that makes an electrocardiogram. How the latest medical Goldman officials all that proud.“I P. 13 don’t think you should expect that

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IN BRIEF

THE PUBLIC REVIEW PROCESS TO ENSURE THAT THE NEXT TRANCHE OF THE HIGH LINE park will be developed begins Monday.The City Planning Department will start the review of the zoning text amendments, which state that the High Line at the Eastern Rail Yard,West 30th Street between 10th and 11th avenues, will be preserved, improved and opened to the public. Currently, there is no guarantee that the last section of the High Line, which snakes through Related Cos.’ Hudson Yards redevelop- ment, will be turned into public open space. MARTHA STEWART LIVING OMNIMEDIA IS UNDOING A STRATEGY THAT HAD A UNIFIED AD sales group selling across its magazines for the past two and a half years.The company named Peter Medwid senior vice president and publisher of its flagship Martha Stewart Living last week, giving the title a dedicated publisher for the first time since August 2008. Sally Preston, who had been group publisher in charge of a new ad sales group representing all company titles, left in November. Mr. Medwid CENTER STAGE: Signature was previously vice president and publisher of founder Jim Houghton Sunset and Coastal Living. says the new theater “will fully realize the potential A RARE FIRST EDITION OF JOHN JAMES of our mission.” AUDUBON’S ILLUSTRATED THE BIRDS OF America, depicting more than 400 life-size

North American species in four monumental buck ennis volumes, was purchased at auction Friday for $7.9 million.The buyer was identified by Christie’s auction house only as an American collector who bid by phone. Ⅲ Signature Theatre Company BY THE NUMBERS raises curtain on new complex Weekly shift of the city’s economy LOCAL LAGGARDS Manufacturing in the New York area rose, and claims for jobless benefits alize the potential of our mission,” said é nationwide hit four-year lows, but in the city City hopes sprawling new arts facility will Jim Houghton, Signature’s founder and financial firms showed weak results. artistic director, during a tour of the site revitalize its far West Side neighborhood last week.

2.7% 1,000+ 3,900 store and a café,next to four stages of vary- Legacy Program RISE in NY CALORIES PRIVATE JOBS BY MIRIAM KREININ SOUCCAR 1 ing size. The theater will continue featuring a area prices in consumed by /3 gained in NYC in December, versus of New Yorkers for December. The Signature Center, which opens on single playwright for a season, along with a year earlier lunch at chain Ten-year average From the outside, the Signature Theatre Jan. 31, is the first theater complex built in its Legacy Program, which brings back Source: Bureau of restaurants is 15,300 Company’s new home on West 42nd Manhattan since Lincoln Center, accord- previous resident writers to create new Labor Statistics Source: NYC Health Source: NYS Dept. Department of Labor Street and 10th Avenue looks like one of ing to executives at the nonprofit.It has the work. But it has added a new project in the ubiquitous luxury residential high- potential to catapult the 21-year-old the- which three young writers are selected for SPACE RACE Looking for new office space? The choices rises going up around the city—a nonde- ater company—best known for presenting five-year residencies and given $50,000, for Manhattan commercial real estate have shrunk script sterile glass box. the work of a single playwright each sea- health insurance and the chance to pro- considerably over the past five quarters. But inside is a sprawling 75,000- son—to the big leagues; to help it become duce three new plays. Vacancy rate square-foot theater complex creatively de- the incubator for the next generation of “All three programs don’t exist any- signed by Frank Gehry, where play- new plays in America; and to give the sur- where else,”Mr.Houghton said.“Over five 10.9% 10.5% 10.0% wrights, actors and audiences will soon rounding neighborhood a needed boost. years in this building, we will produce 45 9.4% 9.3% 9.1% mingle in a large, lofty lobby with a book- “We finally have a facility to fully re- See SIGNATURE on Page 18

’10 ’11 3Q 4Q 1Q 2Q 3Q 4Q War on cancer becomes a battle a Source: Cushman & Wakefield Inc.

ADDICTED TO NUMBERS? plained. “It’s a name that’s in the con- cancer centers at the much broader New GET A DAILY DOSE AT @STATSANDTHECITY Sloan-Kettering expands sciousness.” York-Presbyterian Hospital and Mount And no wonder. Sloan-Kettering has CORRECTIONS in city and burbs as rivals Sinai Hospital systems.A Crain’s review of become a cancer treatment juggernaut. At $555.3 million, the sale of 1 Astor Plaza at 1515 Broadway gripe that it cherry-picks Since embarking on an ambitious subur- makes it the eighth largest on the Jan. 16 Real Capital Analytics’ ban expansion in 1996, it has added four Name-brand Top Property Sales list. The sale was omitted due to the late profitable patients arrival of data. large facilities in New York and one in New Jersey.It recently won state approval for its medicine has The controller of 729 Seventh Ave. is the Riese Organization. This fact was misstated in a Jan. 16 For the Record listing. BY GALE SCOTT seventh, a $112 million project to refit a 114,000-square-foot office complex in helped make it vol. xxviii, no. 4, january 23, 2012—Crain’s New York Business (issn When Frederico Macaluso learned he had Harrison, N.Y., as an outpatient center 8756-789x) is published weekly, except for double issues the weeks of a juggernaut July Fourth, Labor Day and Christmas, by Crain Communications prostate cancer, there were several hospi- that’s due to open in 2015. Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid at tals where he could have gotten treatment. As the war on cancer turns into a battle New York, N.Y., and additional mailing offices. Postmaster: Send The 56-year-old Danbury,Conn.,resident for patients, Sloan-Kettering is winning address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber serv- chose Memorial Sloan-Kettering Cancer hands down. Its market share for cancer ice: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one Center in Manhattan—drawn, he said, by patients in the New York area is an estimat- year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2012 by Crain Communications Inc. the hospital’s world-famous reputation. ed 9% to 15%,depending on who is count- the latest available state Department of All rights reserved. “My initial reaction was, ‘Oh, Sloan- ing. Either way, it is clearly the regional Health figures and 2009 IRS 990 forms Kettering, I’ve heard of that,’ ” he ex- leader in oncology care, followed by the shows that Sloan-Kettering generated

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Mayoral Online grocer grows backers expansion plans raising FreshDirect bundles mulls move to Donors can skirt limits by asking Bronx, eyes new friends to contribute cities for service BY SHANE DIXON KAVANAUGH

BY LISA FICKENSCHER Individuals whose campaign dona- tions to citywide candidates are lim- Jason Ackerman, chief executive of ited to a few hundred dollars be- FreshDirect, isn’t about to tip his hand on cause of their close ties to local whether he’ll be commuting to the Bronx government have nevertheless or to Jersey City as he considers a bigger lo- managed to help bankroll the cam- cation for the company’s headquarters. paigns of those looking to succeed A decision, he said, is months away.But Mayor Michael Bloomberg. he’s not shy about pointing out why two Serving as campaign bundlers, states should be offering attractive tax dozens of lobbyists, executives and breaks and incentives to the online grocery other individuals have raised tens of business he co-founded 12 years ago in thousands of dollars for the 2013 Long Island City, Queens. mayoral hopefuls, recent campaign “We have been a huge contributor to the finance records show, despite being economy in New York,” listed in the city’s doing-business he said. database, which limits them to a By FreshDirect’s $400 personal donation. calculations, it has “If they can’t write a big check, generated $1 billion they’ll bundle it,” said Gene Rus- in economic activi- sianoff, a senior attorney with the ty in New York state New York Public Interest Research based on its payroll Group, a nonprofit advocacy or- 2,200 and purchasing his- ganization. EMPLOYEES tory here over the Charles Dorego, a senior vice work for past decade. It em- president with Glenwood Manage- FreshDirect ploys more than ment, wrote a 2,200 people and $400 check expects to add an- to Manhattan other 1,000 jobs over the next five years. Borough Pres- $4M Though the food-delivery company is ident Scott AMOUNT raised no Goldman Sachs, which got a generous Stringer last by 320 bundlers package in 2005 from the city to build its July. He raised for 2013 mayoral new headquarters here, the impact of an additional candidates FreshDirect’s jobs in tough economic BREADWINNER: $136,700 for times cannot be discounted. Jason Ackerman Mr. Stringer If the grocer is becoming an emerging was promoted to through friends and business col- powerhouse, so,too, is Mr. Ackerman, who CEO last year. leagues, according to campaign fi- at 44 was appointed to the top job last May. nance records.The hefty sum makes He is the company’s fifth CEO in a revolv- Mr. Dorego the largest campaign

See FRESHDIRECT on Page 18 buck ennis bundler for any of the 2013 mayoral candidates. John Liu said his campaign would not accept donations from cancer—and need such patients’ long-term pa- individuals in the database, last up- tronage to survive in a tough environment for dated Dec.31,2011.But one donor, e among local hospitals hospitals. Xu Jiashu, bundled $22,400 for the city comptroller. In the database, ‘Good payor mix’ Mr. Xu is listed under a company about $4.1 million in gross revenue per hospital ing facilities’ care may be, the fear is that cancer “From a business point of view, the Sloan- name different from the one the Liu bed that year, compared with about $1.4 million patients—especially those with private insur- Kettering strategy is brilliant,” said Paul Savage, campaign lists in its filing. per bed for New-York-Presbyterian’s four hospi- ance—will bypass the community hospitals for president of HealthCare Intelligence, a consult- tals and almost $1.1 million per bed for Mount the better-known institution. ing firm the suburban hospital association hired More scrutiny Sinai’s two hospitals. “You just can’t compete with that brand; it’s in its losing battle to fight the Harrison outpa- The practice of bundling—in “In Manhattan, we feel there are no competi- very difficult,”said Kevin Dahill,president of the tient center.“It puts them in marketplaces where which well-connected individuals tors that offer the same care and opportunity to Northern Metropolitan Hospital Association, a they can garner the highest profit. But it deci- collect checks from friends and col- participate in research trials,” said Sloan- group of facilities in Westchester and nearby up- mates the community hospitals.” leagues—has attracted greater Kettering’s chief executive, Dr. Craig Thomp- state counties that loudly opposed the state’s re- Mr. Savage said Sloan-Kettering favors sub- scrutiny in the wake of a federal in- son, who did not start the institution’s march to cent approval of the Harrison center. urban locations with “good payor mix,” meaning vestigation into the fundraising the suburbs but is now leading it.Outpatient vis- Rivals do not dispute that Sloan-Kettering is few patients who can’t pay or who receive Med- practices of Mr. Liu, once a leading its at the six suburban centers reached 233,000 in a global leader in cancer care and research. The icaid. Indeed, a recent Standard & Poor’s credit- candidate for mayor. 2010, out of a system total of about 516,000. 128-year-old hospital wrote the book on the rating report put Sloan-Kettering’s Medicaid Some of the top fundraisers for subject, taking in patients more than a century share, measured in patient discharges, at about City Council Speaker Christine Sore point ago, when few doctors wanted them because 5.4%.That compares with 14% to 16% for other Quinn and Public Advocate Bill de Yet Sloan-Kettering’s very name recognition cancer care was usually futile. Treatment since hospitals in the region, according to Mr. Savage. Blasio are also listed in the database. has become a sore point with some local rivals then has vastly improved, of course. Today’s A spokeswoman for Sloan-Kettering said the L&M Equity Participants’ Lisa that accuse it of cherry-picking the most prof- competitors say they offer similarly excellent institution is pursuing more Medicaid managed- Gomez and Extell’s Josephine itable patients.No matter how good the compet- levels of care for patients fighting most kinds of See SLOAN-KETTERING on Page 14 See MAYORAL on Page 7

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gradually increase, and investors would see their stakes diluted. That Goldman Sachs would be an unpopular move, con- sidering how Goldman’s earnings IN THE MARKETS Continued from Page 1 Nor is Goldman the only bank growth figures to be constrained for it will be a long-term sustainable aggressively buying back its stock years to come. Aaron Elstein way we do things,” Chief Financial these days. JPMorgan Chase spent Issuing stock to employees is also by Officer David Viniar said in a con- $9 billion on buybacks last year, an a way of raising capital, which is the ference call last week. amount equal to half its total net in- last thing Goldman wants to do be- While stock buybacks aren’t the come. At Bank of New York Mel- cause it already has more than it can most productive way to spend cor- lon, buybacks equaled about a third profitably deploy.(Its return on cap- Judge throws Paulson book at GE porate funds, many investors like of last year’s earnings. ital was just 3.7% last year, well be- them because they’re seen as a signal High levels of buyback activity, low its cost of capital.) Plus, loom- wo years ago, when Henry Paulson from management that shares are which need regulator approval, can ing changes in regulation, such as wrote On the Brink, reviewers underpriced. Certainly, Goldman be seen as a sign of a bank’s financial the Volcker Rule, will free up more T praised the former treasury officials believe that is true—their health. But in the case of Goldman, of Goldman’s capital by limiting the company’s stock plunged 46% last the buybacks suggest a firm strug- amount it can invest in private equi- secretary for producing an unusually year—but analysts say the buybacks gling to adapt to new times. ty or trade for its own accounts. candid insider account of the nation’s are due largely to changes in the way While a portion of the $6 billion financial crisis.Today, Mr. Paulson’s the bank pays people in a more re- went to repurchase preferred shares That was then... strictive regulatory climate. sold to Warren Buffett dur- In better times, according to San- book has a new and unexpected set of A Goldman spokesman de- ing the darkest days of the ford C.Bernstein & Co.bank analyst admirers: the nation’s class-action clined to comment. 46% 2008 financial crisis,the bulk Brad Hintz, firms such as Goldman lawyers. Earlier this month, a federal PLUNGE in of it went for what a person needn’t have worried about buying In good company price of judge in Manhattan allowed a Goldman close to the firm called “cap- back employees’ stock. The banks Goldman isn’t the only Sachs’ stock ital management.” That’s a were making so much money, they shareholder lawsuit against General Electric to pro- company spending more last year fancy way of saying Gold- could profitably deploy the new cap- ceed because of evidence contained in Mr. Paul- than its earnings on buy- man had to offset the mil- ital and enhance their growth. son’s book. backs. At Hewlett-Packard, buy- lions of shares of stock it has grant- “But that was the old Wall The plaintiffs say that GE officials lied when back costs exceeded profits by more ed employees in recent years. Street,” Mr. Hintz lamented, before they said all was hunky-dory in the fall of 2008, than $3 billion over the 12 months Public outrage over multimil- channeling a certain movie about in particular when they insisted the conglomer- ending last Sept. 30, according to lion-dollar cash bonuses to Wall another vanished era. “Look for it ate faced no funding problems as the nation’s fi- Standard & Poor’s. At The Travel- Street executives after a global finan- only in books, for it is no more than nancial system veered toward collapse. Yet in his ers Cos., the big New York-based cial crash has forced Goldman and a dream remembered. A civilization memoir, Mr. Paulson described private conversa- insurer, buybacks exceeded earnings other banks to start paying out more gone with the wind.” tions in which Chief Executive Jeffrey Immelt confided that GE was having by $1.8 billion over the same period. of their bonuses, typically calculated Also gone—for now, at least—is trouble raising the cash it needed to fund day-to-day operations in the pe- In both cases, the elevated levels as a percentage share of revenues, in a big chunk of Goldman’s philan- riod before Lehman Brothers collapsed. Mr. Paulson wrote that he was are due to factors that could reason- the form of restricted shares and op- thropy.A spokesman confirmed last “stunned” by Mr. Immelt’s disclosure. ably be called temporary. Hewlett, tions. In 2010, Goldman’s total Friday that the charitable vehicle “If this information was of importance to Paulson,” wrote Judge Richard battered by turmoil in the manage- “share-based compensation” costs Goldman Sachs Gives saw compa- Holwell in his ruling,“it was likely to be of interest to a reasonable investor.” ment suite and boardroom, hopes a reached $4.1 billion, according to ny and partner contributions drop While memoirs from Washington insiders have been around for years, new executive team will restore its the company’s annual report, double more than 75% last year, to $78 mil- the GE case is the first time that information contained in one was used to fortunes—and profits. Travelers the prior year’s amount. lion, amid the decline in profits. advance a class-action suit, reckons insurance attorney Kevin LaCroix, au- said earnings were depressed last If Goldman failed to buy back The spokesman said it was rea- thor of the D&O Diary,a blog for the directors-and-officers liability crowd. year because of the many claims it this newly issued stock, the number sonable to assume Goldman’s giving Indeed, look for some of the best books about the 2008 financial cri- paid related to Hurricane Irene. of its shares outstanding would would rise in more profitable years. Ⅲ sis to play an outsized role in similar courtroom battles. A fraud suit against Deutsche Bank, for instance, contains information gleaned from Michael Lewis’ The Big Short. The books can be important sources because, under the law, companies can’t be forced to provide evidence to those bring- Cherish ing class actions. “The things that happened behind the scenes you can’t get any other way,” the Children said Jerry Silk, a prominent New York trial lawyer. For its part, GE said the shareholder suit brought by the State Universities Retirement System of Illinois is baseless: “We disagree with the judge’s ruling 42ND YEAR ANNUAL GALA and will vigorously defend ourselves in court.” One strategy for GE could be to argue that Mr. Paulson’s account of his HONORING private talks with Mr. Immelt is wrong. After all, the former treasury secre- tary revealed in his book that “I have been blessed with a good memory, so ANDREW H. BRUCE D. I have almost never needed to take notes.” MARKS TINDAL More likely, GE will bite the bullet and settle, even though that could be expensive. During the period that executives were allegedly misleading shareholders, the price of GE’s stock plunged by more than half, wiping out more than $100 billion in market value, and a host of banks helped the con- glomerate raise $15 billion in new capital.

Wells noticed “The leaders of the money- center banks for years have said:‘We Most every big bank reported crum- want to be global, we have to be my earnings last week due to the global like our clients,’ and all that slowdown in investment banking crap. And here is the result,” said and continued problems in Europe. Nancy Bush, an independent bank- And then there was Wells Fargo, ing analyst. which last week reported a 20% The result she was referred to jump in quarterly earnings and dis- was JPMorgan’s stock price falling closed that 98% of its revenues are some 30% over the past five years made in the good ol’ U.S. of A.That and Citi’s dropping 88%, while SUNDAY EVENING, FEBRUARY 12, 2012 in itself probably isn’t enough to Wells’ is down just 6%. • • • cause JPMorgan Chase’s Jamie Dimon or “Increasingly,” Ms. Bush added, Citigroup’s Vikram Pandit THE NEW YORK HILTON to rethink “the question for Dimon and Pandit their strategies. But it did get the is going to be: Why are you doing AVENUE OF THE AMERICAS & 53RD ST. • NEW YORK CITY wolves howling. this?” Ⅲ RECEPTION 5:00PM • DINNER 6:00PM

REGISTER ONLINE! WWW.OHELFAMILY.ORG/DINNER THE AMOUNT the Port Authority of New York & New FOR RESERVATIONS OR TO PLACE JOURNAL ADS CONTACT OHEL AT: Jersey is saving in annual interest costs due to the 4510 16th Avenue Brooklyn, NY 11204 • 888-311-OHEL • 718.972.9338 • Fax: 718-851-2772 • www.ohelfamily.org/dinner • [email protected] low-interest-rate environment. Last week, the agency $2.9M issued $400 million in bonds that pay an average BAIS EZRA LIFETIME CARE FOSTER CARE MENTAL HEALTH CAMP KAYLIE INSTITUTE FOR TRAINING annual rate of 4.11%, well below its bonds’ weighted average rate of 4.86%.

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NEIGHBORHOOD JOURNAL

liquor licenses was defeated. A sim- ilar measure was successfully adopt- Crackdown hits north Brooklyn bars ed last year in Manhattan’s East Vil- lage and Lower East Side, other areas where a proliferation of bars smother the phenomenon that and restaurants had touched off a Owners say new transformed the once-sleepy water- similar storm of protest. rules could kill vibe front industrial community into a glittering bazaar of bars,eateries,art Owners have rights, too that made the area spaces and music clubs. While peace and quiet are won- “It’s an uninformed,uneducated, derful things, they shouldn’t neces- BY SHANE DIXON KAVANAUGH knee-jerk reaction,”said Matt Web- sarily outweigh all other considera- ber,owner of the Soft Spot on North tions, including the importance of ed up with their north Eighth Street and Bedford Avenue, the neighborhood vibe, not to men- Brooklyn neighbor- who is hoping to double the size of tion the rights of bar owners to make hoods’ all-too-numer- his watering hole.“They’re trying to an honest buck. ous watering holes, and stipulate us to death.” Steve Hindy, president of their all-too-boisterous To prevent that from happening, the Williamsburg-based Brooklyn Fcrowds, Greenpoint and Williams- dozens of local haunts have started Brewery, brands such restrictions as burg residents are taking their latest to organize under the banner of the “unfair to those who have invested dale w.dale eisinger bar fight outside. Brooklyn Allied Bars and Restau- CHEERS? Bars with outdoor areas will have a harder time getting liquor licenses in Williamsburg. significantly in this neighborhood, Last month, the local communi- rants, which hopes to counteract the the people who are largely responsi- ty board ushered in a spate of new anti-bar zealotry fermenting in ble for the thousands of people liquor license rules targeting taverns the area. property and even having sex on hood’s bar scene has simply spiraled pouring into this area.” that serve drinks on rooftops and in “We’re a vital part of the neigh- their cars, according to Mieszko out of control. He recalls that when Brooklyn backyards. To receive the board’s borhood fabric,too,”said Felice Kir- Kalita, Community Board 1’s pub- “We’re trying to tame the Wild Brewery moved to North 11th and blessing, applicants gunning for by, who has run Teddy’s Bar and lic safety chairman. What really West of bars,”said Mr. Kalita.“Peo- Berry streets in 1990,there were one outdoor space must install a full Grill on North Eighth and Berry gets up people’s nose more than ple keep coming to our meetings or two watering holes dotting an kitchen and provide sit-down food streets for 30 years and is organizing anything else, though, is something and raising hell about the bars.” otherwise bleak industrial land- service. Ditto for longtime estab- the group.“No bar should be demo- far simpler. It used to be even worse. In re- scape inhabited by a handful of lishments with outdoor facilities nized that doesn’t deserve it.” “It’s noise and noise and more sponse to an earlier outcry from res- artists and squatters.Today,in addi- that are looking to expand. noise,” he said. “Believe it or not, idents, Community Board 1 rolled tion to scores of bars and restau- While the State Liquor Author- Neighbors aren’t pleased some people in this neighborhood back the closing hour for outdoor rants,the north Brooklyn neighbor- ity has the final say in granting li- The problem,according to many still work for a living, and it’s really spaces at bars and restaurants to 11 hood is a center for national and censes, it pays close attention to residents, is that a growing number hard to get up at 7 a.m. when some- p.m.on Sundays through Thursdays international art, culture and music. community boards’ opinions.That’s of establishments do deserve that body was partying next to your and 1 a.m.on Fridays and Saturdays. “This is why people want to be why the neighborhoods’ bar owners treatment. Irked neighbors com- backyard until 4 a.m.” Meanwhile, an effort led by CB 1 here and why the micro economy in and boosters are so incensed. They plain of drunken revelers urinating In short, those pushing for the Chairman Chris Olechowski to im- north Brooklyn is doing great,” say they fear the new rules could on their doorsteps, destroying their crackdown insist that the neighbor- pose a total moratorium on all new he said. Ⅲ

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January 23, 2012 | Crain’s New York Business | 5 20120123-NEWS--0006-NAT-CCI-CN_-- 1/19/2012 6:23 PM Page 1

JOIN CRAIN’S NEW YORK,NEW YORK ADVISORY edited by Valerie Block PANEL Navy SEALs grab media moment avy SEALs are having their Ncelebrity moment—again. Interest in the special Looking for readers to share operations force has reached a new views and opinions. level following the killing of Osama bin Laden last May at the hands of SEAL operatives. ¶ American Sniper, by SEAL veteran Chris Kyle, will knock Steve Jobs out of the No. 1 spot on the New York Times best-seller list as of the Jan. 29 issue. Sniper, which came out Jan. 3, sold 37,000 copies in just its first two weeks on the shelves, according to Nielsen BookScan, which tracks about 75% Sign up for FREE today. of the market.The autobiography has sold even more copies as an e-book, said its publisher, www.crainsnewyork.com/advisory the William Morrow imprint of HarperCollins. ¶ “There’s a track record of SEAL books doing well, but not at this level,” said Peter Hubbard, the senior editor who acquired the title. ¶ Last week, William Morrow paid six figures to snatch another SEAL memoir, The CRAIN’S NEW YORK BUSINESS Trident, by Jason Redman, who recovered from devastating wounds to return to active duty. His book will be out in 2013. ¶ “As gunfighters, they’re the best we have,” said Jim Hornfischer, Mr. Redman’s agent, who is also co-writer of SEAL veteran Marcus Luttrell’s next book, Service, due out in May from Little, Brown, part of Hachette Book Group. ¶ For those who prefer their action on the screen, Act of Valor, starring actual SEALs, opens Feb. 24. And in December, The Hurt Locker director Kathryn Bigelow will unveil her new movie about bin Laden’s killing, which has stirred up controversy over how much access she might have had to classified information. —matthew flamm

a long time.” trust you when you say your Traces show —miriam kreinin souccar service is free.” a surprise smash Her business plan is to make IS OUR Food-delivery firm money on advertising aimed at Off-Broadway may have found its restaurants. “The revenue model is next long-running hit. At an offers tasty deal still a work in progress,” she annual convention for tour bus conceded. operators earlier this month, A tiny food-delivery startup is Over the past six months, Ms. BUSINESS 3,800 attendees were treated to hoping to eat the lunch of bigger Sharma has been fine-tuning the live performances from an rivals such as Seamless, site, which has attracted 350 upcoming crop of Delivery.com and restaurants, including Rickshaw Every day Crain’s New York Business Broadway shows. GrubHub.com. Dumpling Bar, Famous Famiglia delivers exclusive news, detailed But instead of FoodToEat.com is and Heavenly Bamboo. It is also insights and original research, getting excited by marketing itself to the first delivery service to target the big names, like restaurants as the food trucks and carts; it has relevant to health care professionals Ghost the Musical, cheaper alternative. It signed up 40 of them so far. More and the health care industry, to the crowd went charges just 10 cents than 1,000 diners have used the New York’s business community. crazy for Traces, per customer order, service. the only off- compared with Next month, Ms. Sharma CRAIN’S HEALTH CARE COVERAGE INCLUDES: Broadway competitors’ fees that plans to unveil a redesigned production in the range from 10% to 18% website and is launching a !Dedicated Accounting Special Reports presentation. of the price of the meal. marketing push.The 25-year-old !!Health Pulse online newsletter—5 times per week “I have never “We wanted to do it entrepreneur started the company seen the group for free,” said owner with a $500,000 investment from !!Pulse Extra with health care stats and data like this,” said and founder Deepti friends and family. !Online dedicated health care section Stephanie Lee, president of Group Sharma. “But it’s hard for people to —lisa fickenscher !Crain’s Signature Lists Sales Box Office, one of the !Committed weekly health care coverage event’s organizers. “It blew them !Dedicated Health Care Events out of the water.” The $2 million show opened SIGN OF THE TIMES (SQUARE) in New York about six months TALK ABOUT PLANNING ahead. Last week, the 1,949-room Marriott ago to rave reviews and was sold Marquis opened up its reservations for New Year’s For more information on out during the holidays. It was Eve 2012. Within 24 hours, 170 rooms were Crain’s health care coverage or to sign up created by a group of former booked for Dec. 31, including a quarter of the for health care email alerts, go to Cirque du Soleil performers who 100 “ball-drop-view rooms” that go for $4,140 crainsnewyork.com wanted to meld acrobatics with a for a three-night stay. The hotel’s reservations human story. manager said she had “never seen anything like “We originally came in as a it.” It could be a sign that tourism will continue to limited run,” said Amanda Dubois,a producer of the show. “Now we’ve climb as the economy recovers. —LISA FICKENSCHER HEALTH CARE HEALTH seen the potential to stay here for

6 | Crain’s New York Business | January 23, 2012 20120123-NEWS--0007-NAT-CCI-CN_-- 1/20/2012 7:02 PM Page 1

Technology’s new lesson plan Silverstein calls halt

Continued from Page 1 nections and mobile technology,the dents who have grown up in a digi- Continued from Page 1 project at the Hudson Yards west of the academic publishers are. startup has revamped the old dis- tal world. And educational innova- allow it to be capped at the seventh Penn Station, while Brookfield Of- Partly spurred by its concentra- tance-learning model, which has tors insist that technology can pro- floor—73 short of its planned fice Properties wants to lure firms to tion of intellectual talent, New York long been considered a second-class vide new paths to learning. height. Retail tenants would be the 7.4 million-square-foot com- is also becoming a hotbed of inno- form of education prized mainly for “Until now, we haven’t had the sought for the seven-story podium. plex it plans in the same neighbor- vation in educational technology. its convenience. ability to capture, process, synthe- If Mr. Silverstein finds a tenant hood.In addition,by the end of next Venture capital investment in edu- The 2tor iteration creates a kind of size and use these enormous before the tower is capped,he can go year, as several large tenants move cation-related startups in the metro intimate global classroom that allows amounts of information and data,” ahead and complete what will be out,Brookfield will have 2.8 million area totaled $95 million in 2011— for real-time interaction between stu- said David Liu,chief operating offi- known as 3 World Trade Center, al- square feet of space available at its an 84% spike over the prior year, ac- dents and their professor, and has cer of Knewton, a New York-based though there might be some delays, World Financial Center—37% of cording to PricewaterhouseCoop- been picked up by four elite institu- adaptive-learning company that depending on when the deal is its total—across West Street from ers/National Venture Capital Asso- tions, including the nursing school at uses algorithms to figure out how struck.The building was slated to be Mr. Silverstein’s towers. ciation. The number of startups re- Georgetown and the M.B.A. pro- different students absorb informa- completed in 2015. ceiving investment money rose to gram at the University of North Car- tion.The firm recently began a part- Mr. Silverstein is not currently Seeing is believing 14, up from eight in 2010. olina at Chapel Hill. nership with academic publishing close to signing a tenant, sources Sources say Mr. Silverstein’s In the long run, newfangled in- Company executives say their giant Pearson. “This is a one-time- said. The building’s cap can be re- tower has an advantage over other teractive textbooks like the ones classes are just as good as those of- in-history moment for education.” moved and construction can resume planned projects for now: Tenants Apple and its publishing partners fered on campus and that, more after he finds one. Mr. Silverstein’s can actually see the start of the previewed last Thursday are likely and more, online learning will be a Funding slows down spokesman declined to comment. building and visit the World Trade to be a minor aspect of education’s way that universities expand—and Despite what may be a historic The move to cap the tower stems Center site. In contrast, except for digital revolution. But Apple’s en- survive. moment, it’s not clear that New from a 2010 agreement between the one building, Related has to build a try is certainly helping the revolu- “The high end of the academic York startups will continue to get fi- developer and the Port Authority of huge platform over the rail yards be- tion along. world is a very large market,and one nancing at the rate they have been, New York & New Jersey, the site’s fore it can start construction,as does “It gets people to pay attention that is going to see significant dis- as venture capital firms grow wary of owner, to end a long-running feud. Brookfield. That requires tenants to the work we and other folks have ruption over the next 10 years,” said where the economy is headed.In the Under the deal, Mr. Silverstein has with the imagination to envision the done over the last three years to shift 2tor Chief Marketing Officer Jere- fourth quarter, VC financing in the to pre-lease 400,000 square feet in finished product and the confidence the industrial production model of my Johnson. “Many schools will go New York area plunged 40%, com- his second tower, line up $300 mil- to take a chance that the neighbor- education to more of a GPS-driven, out of business, and you will see far pared with the prior quarter, to lion of private equity and secure pri- hood can be successfully trans- personalized learning [model],” larger programs online.” $545.1 million. vate construction financing in order formed into a premier office market. said Vineet Madan, senior vice Investors also see a growing mar- But experts say the tech-educa- to qualify for debt guarantees from In addition, all three landlords president of strategic services at ket in digital education companies. tion industry is just getting started. the Port, the city and the are seeking tenants at a McGraw-Hill Education. The In 2011, deals in the ed-tech sphere The U.S. business for e-learning state. CAPPED time when they are get- publisher has five titles available on totaled $10 billion, which was flat products and services in the pre-K to But amid financial tu- ting more skittish.While the new iBook platform, including compared with the prior year,but up 12-and-higher education markets mult in Europe, a weak overall activity rose 16% high-school texts Algebra 2012 and from $5.4 billion in 2009, according will grow to $11 billion in 2015, U.S.economy and a cool- 73 last year, the amount of Biology 2012. “It gets them to think to figures just released by invest- from $7.6 billion in 2011, according ing in the city’s office- space leased in the second other things are possible in teaching ment banking firm Berkery Noyes. to research firm Ambient Insight. leasing environment,Mr. STORIES by half of the year fell by and learning.” The rush to a digital future has “We are just in the beginning Silverstein has been un- which 3WTC may 31% from the first half of plenty of critics, however. They see stages of disrupting everything, able to attract a tenant. soon fall short 2011, and was down Online learning updated direct student-teacher contact as in- from textbooks to learning applica- Experts say his near-term nearly 10% from the cor- Those other things include the dispensable, fear a push toward tions,” said Jalak Jobanputra, an in- prospects are dim. responding period in online learning system developed by technology for its own sake and vestor who has been looking at tech- “The willingness of 2010. 2tor Inc., a company launched in worry that digital tools will be used education firms in New York since large-scale tenants to commit in this Of course, large deals get done New York four years ago by John primarily as cheaper alternatives to the late 1990s. “The market should environment is limited because even during choppy times. Two Katzman, the founder of test-prep teachers. be able to support multiple players companies don’t want to go out and months ago, luxury leather-goods company The Princeton Review. But educational experts say that in each segment, and those players spend a lot of money,” said Peter maker Coach agreed to be the an- With the help of broadband con- digital tools are needed to reach stu- have not yet been established.” Ⅲ Hennessy,president of Cassidy Tur- chor tenant for a new tower at ley’s New York Tristate Region.“It’s Hudson Yards. And just last week, not the building; it’s the market.” publishing giant Condé Nast exer- cised its option to lease an addi- Mayoral wannabes raise bundles Cheaper to stay put tional 133,000 square feet at 1 Despite a host of government in- World Trade Center. That will centives to lure firms to lower Man- bring the publisher’s total to 1.19 Continued from Page 3 nearly 25% of campaign bundlers with $1.6 million in the bank. Mr. hattan,Mr.Hennessy estimates that million square feet in that building, Craig have raised $13,850 and were listed in the city’s doing- Stringer raised $543,000, bringing a 400,000-square-foot tenant which is being developed by the $11,050 for Mr. de Blasio, respec- business database.“You can tell peo- his war chest to almost $2 million. would need to spend about $100 Port Authority and the Durst Or- tively. Time Equities’ Francis ple they can’t give more than X That number leaves him second million just to outfit an office.Faced ganization. Greenburger drummed up $36,825 number of dollars directly to a can- only to Ms. Quinn, who has $4.5 with those kinds of costs in a lack- But sources said the Condé Nast for Ms. Quinn. didate,” the spokesman said. million cash on hand and who raised luster economy, Mr. Hennessy said, deal was heavily subsidized by the Former city Comptroller William “But you can’t tell them not to ask $482,000 in the past six months. it’s likely that more companies Port because it wanted a strong an- Thompson raked in $10,900 from other people.” During this period, she became the might opt to renew their chor tenant to establish 1 World Louis Coletti, head of the Building With or without the aid of lob- first candidate to reach the maxi- current leases. Trade Center as a premier corporate Trade Employees Association. mum amount a mayoral candidate Morgan Stanley, for example, location. For example, the Port has Some good-government groups can spend under the city’s public fi- has been searching for months for agreed to assume the last four or five don’t like the fact that these donors Bill de Blasio led nancing system. between 1 million and 1.4 million years of Condé Nast’s lease at its are showering citywide candidates square feet. Now, sources said, the current headquarters at 4 Times with big bucks. “It’s clearly a way to the pack last Hampered by scandal bank is very close to renewing its Square. get access and influence the political With $516,000 raised, Mr. Liu lease at 1 New York Plaza and tak- Mr. Silverstein has the right to process,”said Dick Dadey,executive period, reporting posted merely half of the $1 million ing some additional space there, build three office buildings on the director of Citizens Union. he collected in the first half of 2011, which would be a much more cost- World Trade Center site. The first, Not so, say candidates’ aides. $976,000 in leading many to speculate that the effective option. 4 WTC, is a 72-story building that “Chris’ fundraisers get her appreci- recent fundraising scandal has While other big companies—in- is due to be completed next year. ation and that’s all,”said a campaign contributions hampered his campaign. The city cluding Time Warner, News Corp. About 60% of it is leased. Below- spokesman for Ms. Quinn. comptroller also shelled out and Credit Suisse—continue to ground infrastructure work is being $325,000 in the past six months— prowl the market for huge digs,their done on the third tower that is ex- Raising the stakes largely for legal fees—bringing his ranks are thinning. Last year, the pected to end soon, but the building Nearly $4 million has been raised cash on hand to $1.6 million. number of tenants seeking more is on hold indefinitely. by 320 bundlers for mayoral candi- Mr. Thompson netted than 100,000 square feet tumbled David Goldstein, an executive dates during the 2013 campaign byists and others with a financial $638,000, which leaves him with 23%, from 74 to 57, according to vice president at Studley, said it’s cycle, an average of $12,500 per stake in city government, next $763,000 in the bank. Cushman & Wakefield Inc. possible that Mr. Silverstein may bundler. An individual who doesn’t year’s mayoral contenders collec- Tom Allon, a media executive To land tenants, Mr. Silverstein find a tenant as firms seek to take bundle and isn’t in the doing- tively cobbled together nearly $3.3 and political novice, raised $99,000 faces competition from both exist- advantage of the current environ- business database can give only million in the second half of 2011. and lent his own campaign $25,000. ing buildings and other planned ment. $4,950 to a citywide candidate. Mr.de Blasio led the pack this last However, campaign consulting state-of-the-art towers. Related “There are lots of opportunities A spokesman for the Campaign period,reporting $976,000 in contri- costs have stripped him of all but Cos. and Oxford Properties Group in this market,” said Mr. Goldstein. Finance Board said that in 2009, butions, leaving the public advocate $6,000. Ⅲ are seeking tenants for their massive “And I wouldn’t count Larry out.” Ⅲ

January 23, 2012 | Crain’s New York Business | 7 20120123-NEWS--0008-NAT-CCI-CN_-- 1/20/2012 6:17 PM Page 1

legal authority to “do public-private partnerships.” The Cuomo administration has PORT AUTHORITY Audit to blast Ward THE INSIDER not yet clarified the apparent A PRELIMINARY AUDIT of the Port contradiction. Mr. Cuomo includes Authority of New York & New Jersey’s by Jeremy Smerd and Shane Dixon Kavanaugh the new bridge project in his $15 spending, initiated by Govs. Andrew billion New York Works Cuomo and Chris Christie after they Infrastructure Investment fund, approved toll increases last fall, is which calls for leveraging private expected to criticize the agency’s prior money. He is also eyeing union leadership but offer few suggestions on pension funds. how it could save money. Unions, however, may balk at Undertaken by the Board of financing projects that could benefit Commissioners, the audit is expected Mr. Cuomo politically while the to focus on past spending at the World governor is simultaneously Trade Center site and the financial risks proposing legislation to cut the Port faces if certain expenditures retirement benefits for future are not reimbursed and future costs public-sector workers. That wouldn’t be an issue for exceed expectations. The audit will also out-of-state pension funds. If tolls focus on the Port’s long-term health were allowed to be used to repay care and pension liabilities. istockphoto private loans, pension funds The report, due within two weeks, is expected to mention longstanding newscom worldwide would likely flock to The 9/11 Memorial. invest, said Robert Yaro, president of unresolved issues as examples of Tappan into the Regional Plan Association. mismanagement by previous Executive Director Christopher Ward. “Nothing is safer than bridge tolls or Mr. Ward had signaled there would be modest cost overruns at the water rates or sewer rates,” he said. multibillion-dollar World Trade Center site—in particular, a $60 million premium paid by the Port Authority to get the memorial finished by the 10th private investors? anniversary of the 9/11 attacks. Quinn to keep But the audit is likely to mention $300 million the Port now says it is owed Nislick cash by the September 11 Memorial and Museum, up from $150 million that both ov. Andrew Cuomo is “hell-bent” on building a sides had initially agreed was in dispute. new Tappan Zee Bridge, Budget Director Council Speaker Christine Quinn and The report may also highlight the unresolved question of who will pay for a Robert Megna said last week shortly after Mr. Manhattan Councilwoman Jessica $350 million security plan for the site—Port police or New York’s Finest. Lappin vowed earlier this month to Also in the crosshairs: $150 million fronted to the Metropolitan Cuomo proposed his $132.5 billion state return political contributions raised Transportation Authority to build part of the No. 1 train’s infrastructure at the budget. by Stephen Nislick after the real World Trade Center transportation hub. Part of that cost was offset by federal Nonetheless, the state does not yet know how the $5 billion estate executive was caught on tape transportation funds, but sources believe the financially strapped MTA is G saying campaign donations would unlikely to repay its full share. earmarked for the project would be financed, other than it influence the lawmakers’ positions While health care and pension costs have risen, Mr. Ward kept operations would go through the state Thruway Authority. Mr. Megna on a bill Mr. Nislick supports to spending flat in his three budgets and reduced head count to 6,777, its said he expects “a very significant” private-sector investment in abolish the carriage-horse industry. lowest level in 40 years. state infrastructure, but Thruway Authority Executive Each official has since refunded Mr. Christie nonetheless said Mr. Ward was a “disaster,” and accused him $2,500 Mr. Nislick donated to of using toll money to “reward his cronies.” The New Jersey governor called Director Thomas Madison told Westchester’s Journal-News them. And while Ms. Lappin “excessive” a 2% raise Mr. Ward gave 25-year employees. “Christie will have prior to the budget presentation that he does not yet have the returned an additional $3,850 that to find something wrong” to justify his attacks, an insider familiar with the Port Authority said. The Port Authority declined to comment. A final audit in six months will also incorporate an examination of the Port’s capital program, which it trimmed to $25 billion from $29 billion.

Mr. Nislick helped fundraise on widening income disparities have her behalf, the speaker has yet to hurt the economy. Although still a refund $26,741 he bundled for her. living-wage supporter, he said: “I’ve “We don’t believe that his kind of laid low since that comments necessitate returning conversation. And will continue to contributions from others who lay low.” don’t necessarily share his views,” a Quinn campaign spokesman said. Woody Allen Brewery big goes Menin flat on living wage Woody Allen’s first political contribution in more than a decade Brooklyn Brewery President Steve is a $175 check to Manhattan Hindy is having second thoughts Community Board 1 about his outspoken support for Chairwoman Julie Menin. the labor-backed living-wage bill, Ms. Menin, who reported an amended version of which the to the city’s Campaign City Council is expected to pass. Finance Board last week Shortly after the small- that she raised more than business advocate publicly $450,000 to run for endorsed the measure, he Manhattan borough received an earful from president, said she does the New York State not know the 76-year- Restaurant Association, old filmmaker whose members stock personally. Mr. Allen’s Mr. Hindy’s suds and last political fear the bill could rattle donation came in their bottom line. “The 2001, when he issue is more complex than contributed $1,000 to I originally imagined,” said Mark Green’s unsuccessful Mr. Hindy, who believes run for mayor. Ⅲ newscom For daily political and government news, subscribe to CRAIN’S INSIDER @ www.crainsnewyork.com/insider

8 | Crain’s New York Business | January 23, 2012 20120123-NEWS--0009-NAT-CCI-CN_-- 1/19/2012 6:24 PM Page 1

SMALL BUSINESS

due—up from 25% under previous rules. Firms stuck in new law’s red tape It’s not just restaurant owners who are feeling the heat. “We deal little to curtail companies operating with contractors and union mem- Wage Theft Act has in bad faith. IN THE PIPELINE: bers,” said Tom Mina, founder owners preparing “I think they’re trying to make Thomas C. Mina Jr.’s of T. Mina Supply, a Flushing, sure workers understand what company must file Queens, supplier of underground for onslaught of time-consuming they’re supposed to receive,”said Je- new forms. pipes, “so some of the information paperwork remy Merrin, owner of Havana required here is redundant.” T. Central, which operates two restau- Mina Supply turns a profit on more rants with a total of 230 employees than $25 million in annual revenues. BY ALEC FOEGE in Manhattan and Queens.“But the paperwork is onerous, and I don’t Worried about stiff fines usiness owners are brac- think one additional person will be Mr. Mina, who runs the business ing for a new paperwork protected.” with his son Thomas C. Mina Jr., burden as a key deadline Manhattan Chamber of Com- said the task of completing the ad- approaches under New merce President Nancy Ploeger ditional paperwork likely will fall to York’s Wage Theft Pre- concurs. “Companies with fewer his company’s controller, since he vention Act, which took effect last than 500 employees don’t usually has no HR department to manage

B buck ennis April. The state law requires em- have a full-time human resources his team of about 40 employees. He ployers to file as many as six new person,” she said, making compli- also worries about the stiff fines for forms for each employee by Feb.1— ance tougher for small businesses Pearl & Associates encourages such as Mario Batali, Tom Colic- employers if the new forms are and annually by the same date operating in an already highly regu- its clients to be proactive about chio and Bobby Flay—rocketed the filed incorrectly: “Employees with a thereafter. lated,high-tax state.“It’s just anoth- compliance. issue of improper distribution of backdoor agenda could create hav- The intent of the legislation is to er tack in the coffin.” “I think it’s fairly reasonable,” tips into the headlines. Most oc,” Mr. Mina said. bolster protection for lower-wage said Barbara DeMatteo, Portnoy’s of those suits have been settled Mr. Merrin grumbles that the workers,many of whom rely on tips, Indirect protection director of human resources consult- out of court, without any admission law penalizes responsible business- overtime pay or commissions for the Still, some experts believe the ing, of the Wage Act. “These kinds of wrongdoing. es. “More paperwork,” he said with bulk of their income. But propri- new documentation provides indi- of laws help raise awareness, and it’s But losing in court now can come exasperation, “has nothing to do etors say they fear the new obliga- rect protection to employers by an opportunity for an employer to with serious penalties. Under the with people actually complying with tions—which include annual notifi- making pay policies clearer—and open up a conversation with an em- Wage Act, signed into law in late the law.” Ⅲ cations of wage rates in the therefore making it harder for dis- ployee”to eliminate any gray areas in 2010 by then-Gov. David Paterson, employee’s primary language and gruntled employees to dispute the the working relationship. employers must pay plaintiffs not To sign up for Crain’s stricter rules against employers who terms of their pay. For that reason, Prior to the new law, a flurry of only back pay owed, interest and SMALL BUSINESS newsletter, go to retaliate against an employee human resources and labor relations class-action lawsuits against big- lawyers’ fees, but also damages www.crainsnewyork.com/smallbiz. who makes a complaint—will do consulting firm Portnoy Messinger name Manhattan restaurateurs— equivalent to 100% of the wages Real Estate Deals Plus Irish aviation outfit SHIFTING Legal support firm lands on Madison SHARES moves up 2 blocks Meatpacking AWAS, a Dublin-based commer- Percentage of Manhattan office Document Technologies is moving cial-plane leasing firm, inked a deal space occupied by the three its midtown Manhattan office two to rent nearly 9,000 square feet at largest types of users. blocks north. 444 Madison Ave., the 80-year-old, The provider of litigation sup- district cools as 490,000-square-foot spire that re- 2005 port and elec- 29% cently got a new lobby and other im- 2011 tronic data dis- provements. 26% covery has Columbus sizzles The asking rent for the 10-year signed a seven- transaction, which covers about year lease for 40% of the fourth floor of the block- 9,000 square feet long building across the street from at 64 W. 48th St. imes change. While the once-hot meatpacking 13% 12% St. Patrick’s Cathedral, was about 11% The asking rent district looks to be cooling down, activity along $68 a square foot. 10% for the full-floor an old stalwart, the Upper West Side’s Columbus The firm is currently located at space was $40 Avenue, is sizzling. 620 Fifth Ave. CBRE Group Inc. per square foot. Down along West 14th Street, between Fifth brokers Paul Amrich and Kerry Financial Media Law “The tenant Powers represented landlord West- works for law firms and corpora- Avenue and Washington Street, there are now no fewer than brook Partners. Source: CBRE tions in midtown and Rockefeller two dozen availabilities, according to Ben Fox, executive vice —theresa agovino Center, and our building is a big president of retail leasing at Massey Knakal. He noted that draw because of its proximity to the many storefronts are currently occupied but are facing lease includes a 600-square-foot base- area,” said Jason Muss, principal of French find good fit ment,was roughly $800 a square foot. landlord Muss Development. He expirations, and their tenants are looking elsewhere. on stylish strip “Over the past year,we’ve seen an added that rent at his side-street One factor driving the purge? High prices. Asking rents in incredible amount of absorption [on property is also more affordable Retailers are flocking back to Madi- Madison],” said Joshua Strauss, the than at buildings on the avenue. the trendy home of Diane von range from $250 to $300 a square son Avenue, where the recession Robert K. Futterman & Associates Document Technologies, which Furstenberg,Tory Burch and others foot,and there are very few vacancies. created a number of vacancies and broker who, along with colleague is currently located at 151 W. 46th top $350 a square foot, brokers “Columbus Avenue lost its luster sank rents to more affordable levels. Greg Covey, represented Zadig. St., between Sixth and Seventh av- said—rates that rival those of heav- for a number of years,” said Mr. Fox, French fashion firm Zadig et “Storefronts that were once vacant enues, will move into its new sixth- ily trafficked West 34th explaining that the emer- Voltaire just signed a 10-year lease aren’t anymore, and there’s been less floor space in the spring. Street. Designer Stella Mc- gence of SoHo and the for 1,700 square feet at 992 Madison turnover.” With the new lease, the 17-story Cartney recently made $350 meatpacking district as Ave., on the corner of East 77th As a result, rents are creeping building is now more than 90% headlines for leaving the PER SQ. FOOT shopping areas may have Street, at the base of the higher, though they are still far leased, Mr. Muss said. Last year, Asking rents in trendy climes of the meat- the trendy contributed to Columbus’ Mark Hotel. south of their peak 2008 levels of Muss renewed or signed leases for packing district for the meatpacking decline. But recently, with The asking rent for the deal,which $1,200 a square foot. roughly 30,000 square feet in the bigger, broader audience district the arrival of fashion brands Zadig should open for business building.Tenants there include Xe- of SoHo. Helmut Lang, Oska, Polarn this spring. Though this will be its rox and sporting goods retailer Meanwhile, on Columbus Av- O. Pyret and others, the neighbor- fourth Manhattan location, the City Sports. enue, where sewage-line construc- hood is again becoming a hot shop- Madison space will be a flagship for Brian Given and Lou Prisco of tion tore up the street for years in the ping destination. the clothier, Mr. Strauss said. Colliers International represented early ’90s, sending both shoppers “For Upper West Siders, down- Sal Ferrigno and Beth Rosen, Muss, while Jodi Selvey and Eric and retailers fleeing over to Broad- town is a long way to go,” Mr. also of RKF, represented landlord Feriello of Colliers represented the way and elsewhere, a rebirth of sorts Fox noted. Alexico Management. tenant in the transaction. is under way.Asking rents in the area —adrianne pasquarelli —adrianne pasquarelli —amanda fung

January 23, 2012 | Crain’s New York Business | 9 20120123-NEWS--0010-NAT-CCI-CN_-- 1/20/2012 2:16 PM Page 1

VIEWPOINT A welcome thaw at the top editor in chief Rance Crain publisher, vp Jill R. Kaplan

ov. Andrew Cuomo’s embrace in last the mayor’s taxi legislation last year, which left Mr. EDITORIAL week’s budget presentation of education Bloomberg twisting in the wind for six months. editor Xana Antunes and pension reform championed by If their rhetoric is to be believed, however, the two share a managing editor Glenn Coleman deputy managing editors Valerie Block, Mayor Michael Bloomberg is a rare common vision of a leaner, more rational government that Erik Ipsen alignment of political stars that has the responds to the needs of residents rather than simply doling assistant managing editor Erik Engquist senior producer, projects Kira Bindrim potential to deliver substantive change out money, supplying services and employing people. As both senior producer, news Elisabeth Butler Cordova G contributing editor in two critical areas. have rightly said, the bottom line is private-sector job growth. Elaine Pofeldt Both men admirably seek to wring more value out of It is ironic that a columnists Greg David, Michael Gross, taxpayer dollars. While a new teacher evaluation system is a social issue—last year’s Alair Townsend Cuomo and pulse editor Barbara Benson challenge to get right, it is necessary not only to ensure we passage of marriage- senior reporters Theresa Agovino, Aaron Elstein, Lisa Fickenscher, Matthew Flamm, receive our full share of federal dollars, but also to serve as an Bloomberg have equality legislation— Daniel Massey, Miriam Kreinin Souccar essential next step in raising standards. Meanwhile, a new showed what can be reporters Amanda Fung, Shane Dixon Kavanaugh, pension tier for public workers, plus a proposal from the been needlessly accomplished when Adrianne Pasquarelli, Jeremy Smerd reporter/producer Emily Laermer governor to allow state workers to switch to a defined at odds they work together. We art director Steven Krupinski contribution plan and own their retirement account, are both urge Messrs. Cuomo deputy art director Carolyn McClain staff photographer Buck Ennis essential steps toward reining in ballooning pension costs. and Bloomberg to put copy desk chief Stephen Noveck The unified front between Mr. Cuomo and Mr. aside any ill feeling copy editor Thaddeus Rutkowski research editor Dana Gordon Bloomberg is also a reminder that, too often, the two most engendered by assistant research editor Suzanne Panara powerful men in the state have been needlessly at odds. It perceived past slights and seize this golden opportunity to research interns Callie Eidler, Helen Kwong editorial intern Ali Elkin doesn’t have to be that way. achieve breakthroughs on two of New York’s more Tension between the governor and the mayor is nothing intractable issues. EDITORIAL AND ADVERTISING OFFICES 711 Third Ave., New York, NY 10017-5806 new in Empire State politics.Their differing constituencies editorial: 212.210.0277 Fax 212.210.0799 and high profiles make a clash of egos almost inevitable. advertising: 212.210.0711 State pay cap a bad idea Cable craincom nyk Neither man is blameless. Mr. Bloomberg’s policies often hit Fax 212.210.0499 the mark, but his lack of deference to the needs of other Appearances can be important, but we watched with Entire contents ©copyright 2012 Crain concern Mr. Cuomo’s rash approval of a $199,000 cap on the Communications Inc. All rights reserved. elected officials can undermine his efforts. He charged ahead ®CityBusiness is a registered trademark of MCP last year to reform teacher seniority rules, but the issue fell flat amount of state money that contractors can use toward Inc., used under license agreement. because it did not immediately fit into the agenda of the executive pay.The order the governor signed last week may TO SUBSCRIBE: governor, whose support would have been crucial. give him political cover as he seeks to cut spending, but it is For subscription information and delivery concerns, please e-mail [email protected] Mr. Cuomo’s impressive ability to conquer Albany’s bad policy. Instead, he should focus on establishing or call 877-824-9379 (in the U.S. and Canada) or challenging legislative environment underscores the city’s performance measures and rewarding organizations that 313-446-0450 (all other locations.) $3.00 a copy, $99.95 one year, $179.95 two years. dependence on his leadership. But the governor, in his meet them at the lowest cost. Doing so will spur competition www.crainsnewyork.com dealings with the mayor, sometimes resembles a mischievous by promoting efficiency—letting the best-managed ADVERTISING AND MARKETING boy plucking the wings of a butterfly. Witness his takeover of companies manage themselves. advertising director Trish Henry senior account managers Irene Bar-Am, Courtney McCombs, Sheryl Rose, Suzanne Wilson account executive Jill Bottomley Kunkes WHO DESERVES THE classified print & online Mike Vargas sales coordinator print & online MOST CREDIT FOR THE Danielle Wiener newsletter product manager GIANTS’ PLAYOFF RUN? Alexis Sinclair The reality of retail credit Todd J. Masura 313.446.6097 Date of poll: Jan. 16 marketing manager Sabra Harrison 199 votes SURVEY SHMURVEY only partly correct regarding the cause of local director, audience development budget challenges. The state’s misguided Michael O’Connor I read your story on an advocacy group’s decision to cap property tax increases at 2% event producer Courtney Williams reprint sales manager Lauren Melesio The offense “survey” of 436 retail workers in the city without creating alternative sources of revenue

(“Retail workers struggle to make ends meet,” is indeed creating severe problems. But senior web developer, interactive

. 24% CrainsNewYork.com). So many deceptions measuring rising pension costs for local Chris O’Donnell 52%. with statistics aimed solely at passing the so- governments from the stock market peak in NEW YORK PRODUCTION called living-wage law, which, once in place, no 2000 is data mining at its worst and is not a production and pre-press director doubt will be expanded. constructive contribution to the debate. Michael Corsi Retail floor sales never has been a high- In 2009, state and local government pension advertising production manager

. 24% wage job. Many, if not most, workers in this costs were just seven-tenths of 1% of New Suzanne Fleischman Wies arena are supplementing income or are York’s gross state product. But the number that PUBLISHED BY CRAIN COMMUNICATIONS INC. The defense supported by someone else’s income. matters most is $18,300.That’s the average chairman Keith E. Crain The biggest barrier to earning more in retail pension of a retired member of the New York president Rance Crain Coach is overtime pay regulations. Even full-time staff State Employee Retirement System. For secretary Merrilee Crain Tom Coughlin is often limited to 35 hours a week to protect retired AFSCME members in New York City, treasurer Mary Kay Crain against overtime pay kicking in. With the the average is just over $17,000. No amount of executive vp, operations William Morrow regulations removed, the best workers would be data manipulation can change these facts. senior vp, group publisher Gloria Scoby group vp, technology, circulation, able to get unlimited hours and this would —steven kreisberg manufacturing Robert C. Adams eliminate the need for so many part-time swing Collective bargaining director vice president/production & shifts of four or five hours. It would also American Federation of State, County and manufacturing David Kamis eliminate the need to have more than one job. Municipal Employees chief information officer Paul Dalpiaz —adam librot founder G.D. Crain Jr. (1885-1973) CRAIN’S WELCOMES SUBMISSIONS to its opinion chairman Mrs. G.D. Crain Jr. (1911-1996) TRY THESE STATS ON FOR SIZE pages. Send letters to [email protected]. For this week’s questions: Go to Send columns of 475 words or fewer to www.crainsnewyork.com/poll to have your say. Carol Kellermann’s Jan. 16 opinion column [email protected]. Please include the writer’s (“Pension reform is highest priority”) gets it name, company, address and telephone number.

10 | Crain’s New York Business | January 23, 2012 20120123-NEWS--0011-NAT-CCI-CN_-- 1/19/2012 6:47 PM Page 1

OPINION

cy to encourage investments in stocks and bonds and real estate,helping the Want fairness? economy grow. Eliminating the dis- tinction between these types of in- come will reduce the capital that is in- vested, surely a bad outcome. Overhaul tax code An underlying assumption in this debate is that the tax code is a valid tool to steer the economy. t almost goes without saying that the very wealthy Mitt Consider how the interest and Romney should not pay a mere 15% of his income in tax- property-tax deduction on homes es while middle-class Americans pay far more. But fix- encourages ownership over renting and diverts resources into housing. ing the tax code is not as simple as the rhetoric over un- Tax credits for installing solar ener- fair tax breaks for the rich makes it seem. Take Mr. gy do the same thing. Romney’s taxes. He has never released his returns, so much of Sounds good, but in practice, it I rarely works that way.The U.S. im- what we believe is guesswork, but given his lack of candor, it’s poses the highest corporate rate in probably safe to assume the worst. the world now, but companies like GE don’t pay any taxes because they The place to start is which is much lower exploit provisions in the tax code, with the esoteric con- than the top tax rate on such as credits for energy-saving cept of carried interest. income from wages. equipment, to such a degree that The term refers to the Like most wealthy peo- they owe Uncle Sam nothing. share of profits in a pri- ple, he likely has large Federal Reserve Board Chairman vate equity or hedge holdings of stocks and Ben Bernanke says that the complex- fund that is taxed at 15%, bonds and real estate, ity of our tax code is a major reason the same rate that ap- and derives an income why the U.S. is not growing the way plies to long-term capi- stream from those in- it should. People and companies tal gains. Since the vestments. Is taxing that make decisions based on the tax im- largest portion of Mr. at 15% a bad thing? plications,not on what is in their best Romney’s wealth is from GREG If you regard the economic interest. He advocates his investments in the DAVID growing inequality in pairing lower rates with many fewer Bain private equity fund the U.S. as a big prob- deductions. (President Obama has he once ran, a lot of his lem, then you will want said the same thing at times, but he income is likely to be carried interest. to eliminate the distinction between never sticks to that position.) Unsurprisingly, this break is dear to investment and other income. Low- In that kind of world, Mitt Rom- the heart of PE executives,but the ra- er rates on investment income clear- ney might still pay 15%, but it would tionale for it is dubious at best. Even ly benefit the wealthy and exacerbate add up to a much larger amount of Mayor Bloomberg is a critic.The tax inequality. money. Less wealthy people would break should be eliminated. Yet here’s another factor to con- pay less.GE would have to pay taxes. In addition to carried interest,Mr. sider.Tax rates on investment income Unfortunately, there is no one in Romney benefits from the 15% tax weren’t lowered to help the rich.They the current race for president who is rate on dividends and capital gains, were reduced because it is good poli- making that case. CRAIN’S network and providing most power Business Breakfast Forum on a typical day. But remember: Energy proposal Transmission lines, like power plants, can generate vigorous com- munity opposition and legal actions. Meet The technology to build a super- not a slam dunk highway in a timely manner—with specialized materials, controls and PATRICK J. FOYE BY MATTHEW CORDARO perhaps novel ways of cooling— would be very expensive. Potential EXECUTIVE DIRECTOR OF THE PORT AUTHORITY cost overruns on this bold and un- OF NEW YORK AND NEW JERSEY ov. Andrew Cuomo wants New York to con- charted initiative could total several struct an energy superhighway to bring power, times more than originally projected. It’s also important to remember Join Crain’s New York DATE: including renewable sources, from upstate and Business for a that the estimated $2 billion cost TUESDAY, western New York to the city and downstate. discussion with the APRIL 24, 2012 will add to monthly electric bills. In Port Authority’s newly Comparing it to Dwight Eisenhower’s call for fact, before any superhighway pro- appointed executive TIME: the interstate highway system in the 1950s,the governor propos- posal is accepted, New Yorkers director, Patrick Foye. G should insist on the following: 8:00-8:30 AM es having private companies finance and build $2 billion in en- Mr. Foye will address Cost transparency and no state NETWORKING the priorities he has BREAKFAST ergy infrastructure for New York. rent and new in-state power gener- subsidies (direct or indirect) for this developed for the Conceptually, the proposal has ation.If we rely too much on out-of- project.New York has too many such 8:30-9:30 AM agency during his first six months in charge, PROGRAM many desirable features, including state energy sources, we risk losing subsidies, which harm ratepayers. what his primary concerns are for the World the potential to create jobs and pro- many jobs and eventually would pay A cost-benefit analysis. Up- Trade Center reconstruction and how New York VENUE: vide additional sources of energy. a lot more for imported power. state renewable power must be is faring in the competition against other major THE SHERATON But to achieve those, it first would An energy superhighway will take price-competitive; otherwise there ports. He will be questioned by Crain’s 811 SEVENTH AVE. have to overcome a series of techni- us into new territory by forcing elec- is no point to the project. assistant managing editor Erik Engquist and METROPOLITAN cal and financial obstacles.Whether tric power to flow over far greater dis- An expansion of clean power another journalist. BALLROOM the rewards are worth the risks and tances.That introduces challenges in generation in southern New York. costs must be intensely scrutinized. reliability and power losses through In recent years, New York has been RESERVE YOUR SEAT Sponsored By After all, New York has a generally energy dissipation along the route. buying much electricity from neigh- www.crainsnewyork.com/events-foye stable, reliable supply of electric One way to address this is to have boring states. Let’s fix this first by power. Is Mr. Cuomo seeking to electricity “re-pumped” by power creating new jobs with new power give New York’s transmission sys- plants along strategic lines. Down- facilities that eliminate our depend- Early Bird Registration Ends April 17th tem a heart transplant when diet state plants including the Indian ence on out-of-state sources. You must be pre-registered to attend this event. No refunds permitted. and exercise might do the job? Point nuclear-power facility—35 For maximum benefits, especial- miles north of midtown Manhat- Mr. Cordaro, a former energy industry CEO, ly in job retention and creation, any tan—would be especially important serves on the advisory board of the New York such “highway” should support cur- for ensuring a reliable transmission Affordable Reliable Electricity Alliance.

January 23, 2012 | Crain’s New York Business | 11 20120123-NEWS--0012-NAT-CCI-CN_-- 1/19/2012 6:04 PM Page 1

FOR THE RECORD

● Office of the Comptroller of the Jonathan Krivine represented the ● MSC Industrial Direct Co. (MSM) Currency tenant, while Cushman & Wakefield Mitchell L. Jacobson, chairman, sold ABOUT THIS SECTION Requests proposals by 4 p.m. on March Inc.’s Alisa Amsterdam, Michael 87,500 shares of common stock at prices 6 for an actuarial firm to serve as the O’Neill and Gene Spiegelman ranging from $73.03 to $73.09 between FOR THE RECORD is a weekly listing of information from the public record that independent actuarial auditor under represented the landlord, Hines. The Jan. 6 and Jan. 9, in a transaction worth can help businesspeople in the New York area find opportunities, potential Section 96 of the city’s charter for two asking rent was $250 per square foot for $6,393,125. He now directly holds new clients and updates on competitors. consecutive biennial engagements, each the ground floor and $45 per square 103,696 shares. To ask questions or get more information on this section, contact Suzanne engagement composed of actuarial foot for the concourse. Panara at [email protected]. audits of employer contributions to the Erik Gershwind, executive vice city’s five actuarial pension systems, ● Pret A Manger signed a lease for president, director and chief operating experience studies to review current 3,900 square feet at 350 Hudson St. The officer, sold 29,749 shares of common actuarial assumptions and related review firm will occupy space on the ground stock at prices ranging from $73.05 to services. The proposal can be found at floor. RKF’s Joshua Strauss and Jackie $73.71 between Jan. 9 and Jan. 10, in a BANKRUPTCIES can be purchased for $35, payable by www.comptroller.nyc.gov under the Totolo represented the tenant, while transaction worth $2,174,902. He now company check or money order to Bureau of Fiscal and Budget Studies and landlord Trinity Real Estate was directly holds 27,289 shares. The following listings are selected from the DCAS at 1 Centre St., Manhattan. Bid the link for RFPs. A pre-proposal represented in-house. The asking rent most recent available filings by companies opening is Feb. 2 at noon. To make meeting is scheduled for Feb. 8 at 3 p.m. was not disclosed. Eileen McGuire, senior vice president, seeking bankruptcy protection in the inquiries, contact Louis Pastore at at 1 Centre St., Manhattan. To make human resources, exercised options on Southern and Eastern Districts of New (212) 669-8557 or lpastore@ inquiries, contact Kettly Bastien at 17,000 shares of common stock at York. Information was obtained from U.S. dcas.nyc.gov. (212) 669-3193 or kbastie@comptroller. STOCK TRANSACTIONS $42.78 on Jan. 6, in a transaction worth Bankruptcy Court records available on nyc.gov. $727,260. On the same day, she sold Public Access to Court Electronic Records. ● Department of Parks and Recreation Following are recent insider transactions at 17,000 shares of common stock at Listings are in alphabetical order. Seeks competitive sealed bids by 10:30 New York’s largest publicly held companies $72.99, in a transaction worth a.m. on Feb. 6 for demolition of REAL ESTATE DEALS filed with the Securities and Exchange $1,240,774. She now directly holds ● 25-03 Steinway Street Realty Corp. bungalows at Cedar Grove Beach in Commission by executives and major 17,011 shares. 25-59 Steinway St., Queens Great Kills Park on Staten Island. Bid Companies that would like to have details shareholders. Listings are in order of Filed for Chapter 11 bankruptcy documents are available for a fee of $25 of their recent transactions appear in these transaction value.The information was Thomas J. Cox, executive vice president, protection on Jan. 4. The filing cites in the blueprint room, Olmsted Center, listings should email descriptions following obtained from Thomson Reuters. sales, exercised options on 10,000 shares estimated liabilities of $500,001 to $1 Queens, from 8 a.m. to 3 p.m. The fee is this format to ELaermer@crainsnewyork of common stock at $38.07 on Jan. 6, in million and estimated assets of $500,001 payable by company check or money .com, with “Real estate transaction” in the ● Vornado Realty Trust (VNO) a transaction worth $380,700. On the to $1 million. order to the City of NY, Parks and subject line, or enter them online at Steven Roth, chairman, exercised same day, he sold 14,796 shares of Recreation. Contact Juan Alban at crainsnewyork.com/submitadeal. Deals are options on 763,184 shares of common common stock at $73.00, in a ● Cool Sheetmetal Inc. (718) 760-6771 or juan.alban@ listed in order of square footage. stock at prices ranging from $41.29 to transaction worth $1,080,037. He now 10 Fleetwood Court, Ronkonkoma, L.I. parks.nyc.gov. $41.52 on Dec. 29, in a transaction directly holds 19,316 shares. Filed for Chapter 11 bankruptcy COMMERCIAL worth $31,597,396. Between Dec. 30 protection on Jan. 6. The filing cites ● Department of Parks and Recreation ● Duane Reade signed a 15-year lease and Jan. 3, he sold 174,695 shares of ● MasterCard Inc. (MA) estimated liabilities of $1,000,001 to Seeks competitive sealed bids by 10:30 for 54,500 square feet at 40 Wall St. The common stock at prices ranging from MasterCard Foundation sold 14,060 $10 million and estimated assets of a.m. on Feb. 10 for reconstruction and drugstore’s corporate offices will occupy $77.16 to $77.26, in a transaction worth shares of common stock at prices $1,000,001 to $10 million. stabilization of retaining walls and sea space on the 21st and 22nd floors. $13,493,017. He now directly holds ranging from $345.20 to $349.17 walls citywide. Bid documents are Lincoln Property Co.’s Joseph Artusa 9,796,500 shares. between Jan. 9 and Jan. 10, in a ● Four Star Fruit & Vegetable available for a fee of $25 in the blueprint and Thomas Murray represented the transaction worth $4,881,478. It now 1579 St. Nicholas Ave., Manhattan room, Olmsted Center, Queens, from 8 tenant, while Cushman & Wakefield David R. Greenbaum, president of the directly holds 12,945,900 shares. Filed for Chapter 7 bankruptcy a.m. to 3 p.m. The fee is payable by Inc.’s Jeffrey Lichtenberg represented New York City office division, protection on Jan. 10. The filing cites company check or money order to the the landlord, the Trump Organization. exercised options on 127,212 shares of ● Och-Ziff Capital Management Group estimated liabilities of $100,001 to City of NY, Parks and Recreation. The asking rent was in the mid-$30s per common stock at prices ranging from (OZM) $500,000 and estimated assets of $0 to Contact Juan Alban at (718) 760-6771 square foot. $41.29 to $41.52 on Jan. 6, in a Jeffrey C. Blockinger, chief legal officer, $50,000. Among the creditors with the or [email protected]. transaction worth $5,266,118. From chief compliance officer and secretary, largest unsecured claims are Miguel ● The New Jersey Nets signed a sublease Jan. 6 to Jan. 9, he sold 30,000 shares of sold 260,033 shares of common stock at Revilla, owed $32,000; Wencesiao ● Department of Transportation for 35,100 square feet at 15 MetroTech common stock at prices ranging from prices ranging from $8.33 to $8.53 Mendez, owed $30,000; and Pablo Seeks competitive sealed bids by 11 a.m. Center in Brooklyn. The basketball team $77.06 to $77.21, in a transaction between Jan. 3 and Jan. 4, in a Sabino, owed $17,700. on Feb. 16 for component rehabilitation will occupy the entire 11th floor for five worth $2,313,365. He now directly transaction worth $2,204,611. He now of 10 bridges in Brooklyn. A printed copy to 10 years. Cushman & Wakefield holds 277,021 shares. directly holds 9,329 shares. Ⅲ ● M.S.Y. Construction Corp. of the solicitation and drawing set can be Inc.’s Bruce Mosler represented the 88-92 Sedgwick Ave., Yonkers, N.Y. purchased at: Office of the Agency Chief tenant. Glenn Markman, also of Filed for Chapter 11 bankruptcy Contracting Officer/Contract Cushman & Wakefield, represented the protection on Jan. 10. The filing cites Management Unit, 55 Water St., sublandlord, the Visiting Nurse Health DEALS ROUNDUP estimated liabilities of $500,001 to $1 Manhattan, between 9 a.m. and 3 p.m., Care System Inc. The asking rent was in million and estimated assets of $50,001 Monday to Friday. A deposit of $50 is the $30s per square foot. TRANSACTION SIZE to $100,000. Among the creditors with required for the specification book, and a SELLER/TARGET (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE the largest unsecured claims are TD deposit of $50 is required for a set of ● Tumi Inc. expanded its lease to 14,000 Bank, owed $250,000; Bank of America, drawings, in the form of certified check square feet at 261 Fifth Ave. The firm EPN Investment $1,428.0 DDR Corp., Blackstone Real Estate SB M&A Management/Portfolio of Advisors (Manhattan) owed $75,000; and MT&T Bank, owed or money order payable to New York City will occupy space on the 20th and 21st 47 U.S. shopping centers $62,964.52. Department of Transportation. For floors. Eugene Messina of Tumi additional information, contact Rezaul represented the tenant, while Randall Chetrit Group $630.0 MetLife Inc. (Manhattan), UDR SB M&A (Manhattan), Inc. Karim at (212) 839-4874. Briskin and Brian Feil represented the Stellar Management Co. GOVERNMENT CONTRACT landlord, The Feil Organization, in- (Manhattan)/ OPPORTUNITIES ● Housing Authority house. The asking rent was in the mid- Columbus Square Seeks competitive sealed bids by 10 a.m. to upper-$40s, plus electric. The Carlyle Group, $350.0 Sigman-Aldrich Corp. SB M&A Following are selected contract on Jan. 30 for elevator rehabilitation, Avista Capital Holdings opportunities recently announced by New maintenance and service for two RETAIL (Manhattan)/ York City agencies.To learn how to sell elevators. Bid documents are available ● Liz Claiborne renewed a lease for BioReliance Corp. goods and services to city government, visit Monday through Friday, 9 a.m. to 4 67,000 square feet at 1440 Broadway. Och-Ziff Capital $285.7 Exxaro Resources Ltd. SB M&A www.nyc.gov/selltonyc. For a searchable p.m., for a $25 fee in the form of a The retailer will occupy the entire third Management Group database of current procurement notices, money order or certified check made and fourth floors. Newmark Knight (Manhattan), BlackRock visit www.nyc.gov/cityrecord. Listings are payable to NYCHA, 90 Church St., Frank’s David Falk and Jason Investment Management alphabetical by category and department. Manhattan. To make inquiries, contact Greenstein represented the retailer, (UK) Ltd., Equatorial Resources Ltd., Cape Gloria Guillo at (212) 306-3121 or while Jordan Berger represented the Lambert Resources Ltd./ CONSTRUCTION SERVICES [email protected]. landlord, Monday Properties, in-house. African Iron Ltd. ● Brooklyn Bridge Park Corp. The asking rent was in the mid-$50s per Not disclosed/ $252.5 SL Green Realty Corp. (Manhattan) SB M&A Requests proposals by 4 p.m. on Feb. 3 GOODS AND SERVICES square foot. 10 East 53rd St. for the provision of general construction ● Department of Citywide Administrative Services ● Millennium Partners $75.0 Not disclosed SB M&A services for Pier 2 pile repairs as part of Famous Dave’s BBQ signed a lease for (Manhattan)/ the Brooklyn Bridge Park project. This Seeks competitive sealed bids by 10:30 25,000 square feet at 234 W. 42nd St. 179 Lincoln Street, Boston project entails timber pile repairs, a.m. on Jan. 30 for nongenuine truck Andrew Pittel, of his eponymous Not disclosed/ $71.0 Warburg Pincus (Manhattan), GCI encapsulation and spall repairs to Pier 2. wheels, brake drums and accessories. To company, represented the restaurant, Talon Therapeutics Inc. Deerfield Management Co. To make inquiries, contact Chris Burke make inquiries, contact Anna Wong at while Newmark Knight Frank’s Marc (Manhattan), Deerfield Capital at (212) 661-6624 or c.burke@ (212) 669-8610 or dcasdmssbids@ Leber and Jeffrey Roseman represented (Manhattan) gardinerusa.com. dcas.nyc.gov. the landlord, Forest City.The blended Teachers Insurance $46.9 Parkway Properties Inc., Teacher SB M&A asking rent was $200 per square foot. and Annuity Association Retirement System of Texas ● Department of Citywide Administrative ● Department of Citywide Administrative College Retirement Services Services ● Luxury home goods maker Daum Inc. Equities Fund (Manhattan)/ Seeks competitive sealed bids by 11:30 Seeks competitive sealed bids by 10:30 and its sister dinnerware company The Pointe a.m. on Feb. 2 for a requirements a.m. on Feb. 6 for vinyl sheeting for Haviland signed a 10-year lease for Selected deals announced for the week ended Jan. 15 involving companies in metro New York. contract for the installation, service and traffic signs, nonreflective. To make 4,500 square feet at 499 Park Ave. The GCI: Growth capital investment represents new money invested in a company for a minority maintenance of window air conditioners inquiries, contact Anna Wong at retailers will occupy office and retail stake. SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing in various DCAS buildings in (212) 669-8610 or dcasdmssbids@ space on the ground floor and the shares of a company without the participation of a financial buyer. source: capitaliq Manhattan and the Bronx. Bid packages dcas.nyc.gov. concourse. Newmark Knight Frank’s

12 | Crain’s New York Business | January 23, 2012 20120123-NEWS--0013-NAT-CCI-CN_-- 1/19/2012 1:48 PM Page 1

HEALTH CARE ‘There’s often a barrier between patient and physician. This allows you to break that.’ —Dr. Steven Libutti, Montefiore Einstein Center for Cancer Care, on using iPad technology to better inform patients, Page 14

AN APP A DAY … HERE ARE SOME popular mobile apps in use by doctors and other medical caregivers: CALCULATE BY QXMD: Clinical calculator with formulas for disease diagnosis and treatment DIAGNOSAURUS: Searchable database by disease, symptom or organ system EPOCRATES RX: Mobile drug reference LEXICOMP: Searchable databases on conditions, drugs, interactions, and laboratory and diagnostic tests MEDCALC: Clinical calculator for diagnosis and treatment MEDICINE CENTRAL: Searchable database on drugs and diseases MOBILE MOBILE MEDICINE: Dr. MIM: Displays Richard Savel of medical images on mobile Montefiore Medical devices, including single- Center uses his iPad on photon-emission rounds to check patients’ latest X-rays. It’s “life- computerized tomography, changing,” he said of PET and CT scans, MRIs, X- the technology. rays and ultrasound images NETTER’S ANATOMY ATLAS: Database of illustrations of the buck ennis human anatomy QUANTIAMD: Physician-to- physician educational WIRED DOCS tool UPTODATE: Drug and clinical had his iPad with him.He pulled up “Having access to the information ficient and, more important, im- reference How mobile the patient’s scans and history from in your pocket or under your arm al- prove diagnosis and treatment. It’s the hospital’s electronic records, lows you to be more efficient,” Dr. already changing the way many doc- technology is assessed the extent of his disease, Libutti said.“That patient had a bet- tors think about medicine. located a trial for which he was ter experience because when he left “It’s very humbling to think ON DECK revolutionizing eligible and agreed to see the patient [the doctor’s] office, he had a plan.” about what life was like before,”said IPHONE ECG: Turns an iPhone physicians’ jobs the following week—all in the space Dr.Gregg Husk,chairman of emer- into a medical device that, of a few minutes. Teaching tool gency medicine at Beth Israel Med- Welcome to mHealth, as mobile And it’s not just patients who are ical Center. “It’s become so compli- when held to the chest, BY JUDITH MESSINA displays, stores and cognoscenti call it.Dr.Libutti,direc- having better experiences. Doctors cated that we all need tools.” wirelessly transmits an tor of the Montefiore Einstein Cen- are using mobile apps to teach oth- Indeed, in 2011, more than 80% electrocardiogram. It is Last month, Dr. Steven Libutti re- ter for Cancer Care, is one of a grow- ers and educate themselves, to diag- of U.S. physicians owned smart- currently pending approval by ceived an email from a referring ing cadre of physicians who are using nose illnesses and avoid adverse phones, up from 72% in 2010, and physician asking if a patient with drug interactions, and to marshal the FDA. mobile technology to practice medi- 30% owned an iPad, according to a metastatic cancer would be a candi- cine 24/7,365 days a year,from home the data for bedside decisions they survey by Manhattan Research. date for a clinical trial. Dr. Libutti and hospital,meeting rooms and air- once had to delay or make on the fly. Moreover, another 28% said they was out of his office, but as usual, he planes, even beaches and ballparks. It promises to make them more ef- See MOBILE TECH on Page 14

January 23, 2012 | Crain’s New York Business | 13 20120123-NEWS--0014-NAT-CCI-CN_-- 1/20/2012 11:06 AM Page 1

REPORT HEALTH CARE Sloan-Kettering

Continued from Page 3 law firm Greenberg Traurig in care contracts. She also noted that Manhattan. most Medicaid patients in New As more hospitals chase cus- York state are younger than 65, tomers, Sloan-Kettering increas- while the median age of people di- ingly trades on its institutional agnosed with cancer is 66.“Looking strength. Its ad campaign features at Medicaid data does not accurate- patient testimonials under the slo- ly reflect our commitment to caring gan “Cancer:Where you are treated for poor patients,” she said. first can make all the difference.” “It’s not a valid criticism,” agreed Sloan-Kettering Executive Vice High survival rates President John Gunn, whose hospi- Rivals protest that the message tal spends about $200 million annu- unfairly tells patients they are risk- ally subsidizing “charity care for ing their health by going elsewhere. people who earn up to But Dr. Thompson five times the federal said his hospital’s poverty level.” Generating mortality statistics As Sloan-Ketter- show that Sloan-Ket- ing continues to grow, $4.1M per tering’s patients live competitors have longer with their ill- fought back in recent hospital ness than the national years by boosting their average.The statistics advertising and mar- bed are on the center’s keting. Out-of-state website and show sur- hospitals are also un- vival rates for several leashing media cam- types of cancer. The paigns here. They in- center treats 400 types clude the for-profit Cancer and subtypes of cancer, he added.

Treatment Centers of America, A medical oncologist and na- buck ennis which considers New York residents tionally known researcher, Dr. AHEAD OF THE FIELD: Sloan-Kettering CEO Dr. Craig Thompson is leading the hospital’s expansion. “Cancer doubles every decade,” he said. “We prime candidates to travel to its only Thompson joined Sloan-Kettering want to be able and willing to serve that population.” East Coast facility, located in in 2010 from the Abramson Cancer Philadelphia. Center in Philadelphia. It wasn’t his New York is considered attrac- first stay in New York: His Coast ital campaign to fund future expan- scribing oncology as a lucrative the laparoscopic robot-assisted tive to major players in oncology be- Guard officer father for years ran the sions and upgrades. field. “Cancer doubles every prostate surgery he got at Sloan- cause it has a large aging population. base on Governors Island. When the hospital’s patient base decade,” he said instead. “We want Kettering was available at a local Also driving the growth of cancer Dr. Thompson’s scientific ex- grows, so, too, do the opportunities to be able and willing to serve that community hospital. But Mr. care: advances in diagnosis and pertise is important to the Sloan- to attract more grants. Inpatient ad- population.” Macaluso is confident he made the treatment.Patients are learning ear- Kettering system’s continued missions for the Manhattan hospi- right choice. His surgery turned out lier that they have the disease, sur- success. Research is a major under- tal were up 3.8% in 2010, to 24,356, Access to quality care to be complicated, he said. He’s cer- viving longer and becoming steady taking for the system, attracting while the system’s total outpatient Despite competitors’ grumbles, tain he would not have gotten as customers for hospitals and their grant money (nearly $190 million in visits rose 3.1% to 515,835, accord- the state Department of Health has good a result anywhere else. outpatient centers. They often get the 2010 fiscal year) and generating ing to Standard & Poor’s research. approved Sloan-Kettering’s many Mr. Serbaroli, the lawyer, has therapy and health monitoring for earnings from discoveries. Meantime, Sloan-Kettering’s total expansions, accepting the argument heard similar tales. “When I hear years, then become inpatients again Fundraising brings in around $250 operating revenue rose 7.3% in that more patients deserve access to these other hospitals’ ads for cancer if the disease returns. million in contributions annually 2010, to $2.22 billion. its quality care even if other facilities care,I almost have to laugh,”he said. “Unfortunately, cancer [care] is (about 80% from individuals) and Alas,there are more than enough could treat them. “Why would anyone who could go a good investment,” said Francis helps keep the hospital in the black cancer patients to go around, Dr. In fact, in the case of Mr. to Sloan-Kettering want to go any- Serbaroli, a health care lawyer with even as it mounts a $3.5 billion cap- Thompson noted, balking at de- Macaluso, the Danbury resident, where else?” Ⅲ

When he’s supervising medical residents at Beth Israel and a ques- Mobile tech revolutionizes doctors’ jobs tion about diagnosis or treatment comes up, Dr. Husk often gives Continued from Page 13 Despite the explosion of mobile of GNYHA Ventures, a for- say, administering a blood thinner them 10 minutes to find it on, say, planned to buy an iPad in the next apps—there are an estimated 6,000 profit subsidiary of the hospital based on a simple scoring system, the UpToDate app. six months. While those numbers health care apps on the market for association. but the app gives him a more precise “The fundamental idea is, don’t don’t mean all doctors are using e- both doctors and patients—hospi- One of the clearest illustrations percentage of the odds of a stroke. just use your best guess. Find a spe- readers to treat patients or make tals in general have been slow to im- of mobile technology’s ability to im- cific answer to a problem where medical decisions, they reflect an plement mobile technology, in part prove care is apps that help doctors Breaking barriers you have uncertainty,” Dr. Husk about-face for a profession and because of cost but also because make bedside decisions. When an “I can tell the patient,‘This is the explained. an industry that had long resisted of patient-privacy laws and the HIV patient who is already taking recommended therapy,’ ” Dr. Aus- As mobile medicine gains steam, the digital revolution. fact that insurance-reimbursement multiple medications walks into trian explained, “but it’s more pow- some observers worry about infor- “MHealth is the first informa- standards based on face-to-face in- Beth Israel’s ER, for example, Dr. erful if I can say,‘This is the recom- mation overload or fear that mobile tion technology adopted eagerly teraction between doctor and pa- Husk can use Epocrates to check mended therapy because your stroke devices can be distracting and lead and aggressively by physicians, and tient have yet to catch up with a mo- potential adverse drug interactions. risk is X%’ or ‘You have a one in 20 to medical errors instead of prevent- [they’re adopting it] faster than can bile world. At Mount Sinai School of Med- chance next year of having a stroke ing them, especially if doctors com- be supported by the health care sys- icine, where all the anesthesiology if you’re not on [a blood thinner].’ ” bine personal with professional use. tem,” said Chris Wasden, Pricewa- Pushing for more residents and fellows now routinely Many doctors access mobile Most doctors downplay the risk and terhouseCoopers’ global health care Nevertheless, wired docs are have iPads, Dr. Patrick McCormick technology for interacting with pa- say the increase in efficiency and the innovation leader. pushing for more, and hospitals are has downloaded an app of Netter’s tients and for teaching students and immediate access to information far Dr. Richard Savel, medical co- scrambling to bolster their systems Anatomy Atlas so he can quickly residents. Montefiore’s Dr. Libutti, outweigh it. director of surgical intensive care and networks to secure and facilitate check anatomical relationships. a specialist in endocrine surgery, of- “In the old days,if you had to get at Montefiore Medical Center, increased mobile traffic. To help Dr. Jonathan Austrian, a hospi- ten pulls up images and diagrams in touch with house staff, the only learned that firsthand when he them get with the trend,the Greater talist at NYU Langone Medical from the Internet on his iPad to help way was to page them,” said Dr. started using his iPad on rounds to New York Hospital Association last Center, calls up apps such as Diag- patients understand their disease or Austrian, who is part of an NYU check patients’ latest X-rays. year launched Happtique, a health nosaurus on his iPhone if he’s puz- what their surgery entails. Then he Langone pilot that is testing the use “When other physicians saw me care app store for hospitals. zled by a symptom, or Calculate by hands the device to the patient, who of cellphones as a replacement for using my iPad for X-rays, they were “Doctors are walking in [to hos- QxMD to assess such matters as a can zoom in and ask questions. pagers. “You had to stop what you clamoring for it,” said Dr. Savel, pitals] with smartphones and ask- patient’s risk of stroke. Without the “There’s often a barrier between were doing and find the nearest who calls the technology “life- ing, ‘How are you going to hook me medical calculator app, he could patient and physician,” Dr. Libutti phone and respond to the page.That changing.” up?’ ” said Lee Perlman, president make a go or no-go decision about, said.“This allows you to break that.” was completely distracting.” Ⅲ

14 | Crain’s New York Business | January 23, 2012 20120123-NEWS--0015-NAT-CCI-CN_-- 1/19/2012 12:14 PM Page 1

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(CSC), 80 global multi-strategy portfolio team. process to c/o Corportion Service office addr.: 500 108th Ave. NE, Floor 80 State St., Albany, NY 12207-2543. State St., Albany, NY 12207-2543. DE Reqs a Master’s degree in Finan, Stat, Co., 80 State St., Albany, NY 22, Bellevue, WA 98004. Cert. of Org. DE addr. of LLC: 2711 Centerville addr. of LLC: c/o Corporation Service Math, or rel quant field & 3 yrs exp pro- 12207-2543. DE addr. of LLC: 2711 filed with NV Sec. of State, 202 N. Rd., Ste. 400, Wilmington, DE 19808. Co., 2711 Centerville Rd., Ste. 400, viding quant invstmnt mgmnt or quant Centerville Rd., Ste. 400, Wilmington, Carson St., Carson City, NV 89701. Arts. of Org. filed with DE Secy. of Wilmington, DE 19808. Arts. of Org. analysis w/i the finan services industry. DE 19808. Arts. of Org. filed with Purpose: all lawful purposes. State, 401 Federal St., Dover, DE filed with Secy. of State of DE, Div. of Secy. of State of DE, Div. of Corps., 19901. Purpose: Any lawful activity. Corps., John G. Townsend Bldg., Exp must incl each of the following: adv NOTICE OF FORMATION OF REGIS- knowledge of finan rsrch literature in 401 Federal St., Dover, DE 19901. 401 Federal St., Dover, DE 19901. Purpose: Any lawful activity. TERED LIMITED LIABILITY PARTNER- Notice of Qualification of 59 West 35th Purpose: Any lawful activity. areas of asset pricing, corporate SHIP. NAME: SERRINS FISHER LLP. Street Operator LLC. Authority filed finance, & financial accounting; famil- Notice of Qual. of 1775 Grand Certificate of Registration was filed with NY Dept. of State on 11/23/11. Notice of Qualification of Executive iarity w/ econometrical methods incl Concourse LLC, Auth. filed Sec’y of with the Secretary of State of New Office location: NY County. Princ. bus. Le Soleil New York LLC. Appl. for linear regression, multivariate analysis, State (SSNY) 8/19/11. Office loc.: NY York (SSNY) on 11/09/11, with an addr.: 59 W. 35th St., NY, NY 10001. Authority filed with Secy. of State of simultaneous equations, & time-series County. LLC org. in DE 8/12/11. SSNY existence date of 01/02/2012. Office LLC formed in DE on 10/28/11. NY NY (SSNY) on 12/09/11. Off. loc.: New desig. as agent of LLC upon whom York Co.; orig. juris.: Delaware. SSNY analysis; dvlping & implementing cur- location: New York County. SSNY has Sec. of State designated agent of LLC process against it may be served. been designated as agent of the LLP upon whom process against it may be designated as agent of LLC upon whom rency trading strategies; & utilizing SSNY shall mail copy of proc. to upon whom process against it may be served and shall mail process to: CT process against it may be served. MATLAB & SAS programming to carry NRAI, 875 Ave of the Americas, NY, served. SSNY shall mail a copy of Corporation System, 111 8th Ave., 13th SSNY shall mail process to the LLC, out analysis & strategies. NY 10001, the Reg. Agt. upon whom process to the LLP, 233 Broadway, Fl., NY, NY 10011. DE addr. of LLC: c/o Robinson Brog, et al., 875 Third Resumes: J. Johnson, AllianceBernstein proc. may be served. DE off. addr.: 18th Floor, New York, New York c/o The Corporation Trust Co., 1209 Ave., 9th Fl., New York, NY 10022, L.P., 1345 Avenue of the Americas, 160 Greentree Dr., Ste. 101, Dover, 10279, which also serves as the loca- Orange St., Wilmington, DE 19801. Cert. Attn: David M. Blumenthal, Esq. New York, NY 10105. JobID: NEWLSU. DE 19904. Cert. of Form. on file: tion of the partnership. Purpose: For of Form. filed with DE Sec. of State, Purpose: any lawful act or activity. SSDE, Townsend Bldg., Dover, DE the practice of the profession of Law. 401 Federal St., Dover, DE 19901. 19901. Purp.: any lawful activities. Purpose: to engage in any lawful Notice of Formation of KELLY STREET REAL ESTATE Notice of Formation of Limited activity related to its ownership and PARTNERS, LLC. Arts. of Org. filed Notice of Formation of GALAXY Liability Company (LLC) SABON 782 operation of real estate. with Secy. of State of NY (SSNY) on SPECIAL LLC. Arts. of Org. filed with LEX, LLC. Articles of Organization 10/21/11. Office location: NY County. COMMERCIAL Secy. of State of NY (SSNY) on filed by the Department of State of Notice of Formation of TRI TIP Princ. office of LLC: Workforce 01/05/12. Office location: NY County. New York on 01/03/2012. Office HOLDINGS, LLC. Arts. of Org. filed Housing Advisors MM, LLC, 271 Hudson Valley of NYS SSNY designated as agent of LLC location: County of New York. with Secy. of State of NY (SSNY) on Madison Ave., Ste. 1007, NY, NY 1)Cold Spring, NY 4K SF/.90 Acres Office/Bistro upon whom process against it may be Purpose: any and all lawful activities. 12/21/11. Office location: NY County. 10016. SSNY designated as agent of 2)Pawling, NY 50K SF/2.73 Acres Shwrm, Wrhse 3)Interstate 84 near Bridge 20K SF/up to 20 Acres served. SSNY shall mail process to Secretary of State of New York Princ. office of LLC: 17 W. 17th St., 5th LLC upon whom process against it may 4)Metro North Train Stop Live/Work Artist/Service c/o Sukenik, Segal & Graff, P.C., 404 (SSNY) designated as agent of LLC Fl., NY, NY 10011. SSNY designated be served. SSNY shall mail process 5)Investment Properties, off market deals Fifth Ave., 5th Fl., NY, NY 10018. upon whom process against it may as agent of LLC upon whom process to the LLC at the addr. of its princ. 6)Development Sites, Apts, Retail, Office, Flex Purpose: Any lawful activity. be served. SSNY shall mail copy of against it may be served. SSNY shall office. Purpose: Any lawful activity. [email protected] process to: 38 Greene Street, Suite mail process to Corporation Service www.crproperties.com 845 485-3100 Notice Of Formation Of Shafer Billing 5A New York, NY 10013. Co., 80 State St., Albany, NY 12207- R DOBBS PARTNERS LLC Articles Practice Management LLC. Arts of 2543. Purpose: Any lawful activity. of Org. filed NY Sec. of State (SSNY) Orgfiled with the Secy of State of NY Notice of Formation of AFD 2/16/2011. Office in NY Co. SSNY PUBLIC & LEGAL (SSNY) on 9/13/11. Office loc: NY Productions LLC. Arts. of Org. filed Notice of Qualification of Tivoli West, desig. agent of LLC upon whom County. SSNY designated as agent with Secy. of State of NY (SSNY) on LLC. Authority filed with NY Dept. of process may be served. SSNY shall NOTICES upon whom process may be served 12/29/11. Office location: NY County. State on 11/22/11. Office location: mail copy of process to c/o Robbins and shall mail process to The principal SSNY designated as agent of LLC NY County. LLC formed in DE on & Associates, P.C., 60 E. 42nd St., 46th REQUEST FOR PROPOSALS business address: 63 Wall Street, upon whom process against it may 7/20/11. NY Sec. of State designated Fl., NY, NY 10165. Purpose: Any lawful Ste 1307, NY, NY 10006. Purpose: be served. SSNY shall mail process agent of LLC upon whom process purpose. Principal business location: any lawful acts. to: The LLC, 601 West 26th St., Ste. against it may be served and shall 359 W. 11th St., PH-A, NY, NY 10014. 1762, NY, NY 10001. Purpose: any mail process to: c/o CT Corporation NOTICE OF FORMATION OF LIMITED lawful activities. System, 111 8th Ave., NY, NY 10011. NOTICE OF FORMATION of Eos LIABILITY COMPANY, NAME: DE address of LLC: 1209 Orange St., Visions LLC, a domestic LLC filed MEDIAPLACE MZ PRODUCTIONS, NOTICE OF FORMATION OF Minka Wilmington, DE 19801. Cert. of with the Secretary of State of NY LLC. Articles of Organization were Holdings, LLC. Arts of Org filed with Form. filed with DE Sec. of State, (SSNY) on 10/27/11. Office location: NY filed with the Secretary of State of the Secy of State of NY (SSNY) on 401 Federal St., Dover, DE 19901. County. SSNY has been designated New York (SSNY) on 9/29/11. Office 09/08/11. Office loc: NY Cty. SSNY Purpose: all lawful purposes. as agent upon whom process location: New York County. SSNY has been designated as agent upon against it may be served. SSNY shall has been designated as agent of the whom process may be served and Notice of Formation of AURIGA mail a copy of any process against the LLC upon whom process against it shall mail a copy of any process to the IMMOBILIARE, LLC. Arts. of Org. filed LLC served upon him to 1810 Third may be served. SSNY shall mail a principal business address: 450 West with Secy. of State of NY (SSNY) on Avenue, B7A, New York, NY 10029. copy of process to the LLC 130 W. 42 Street, 37G, New York, NY 10036. 01/03/12. Office location: NY County. Date of Dissolution: perpetual. Purpose: 29th Street 4th Floor, New York, NY Purpose: any lawful acts. Princ. office of LLC: 420 Fifth Ave., To engage in any lawful act or activity. 10001. Purpose: Any lawful purpose. 26th Fl., NY, NY 10018. SSNY NOTICE OF FORMATION OF LIMITED designated as agent of LLC upon Notice of Qualification of Evolve Notice of Formation of Progressive LIABILITY COMPANY. NAME: whom process against it may be Discovery New York Series LLC, Rehab and Home Care PT, PLLC. WYDOWN PROPERTIES LLC. Articles served. SSNY shall mail process to Series Two. Authority filed with Secy. Arts. of Org. filed with Secy. of State of Organization were filed with the Eugenio Minoli, Altieri Esposito Minoli of State of NY (SSNY) on 12/15/11. of NY (SSNY) on 11/16/11. Off. loc.: Secretary of State of New York (SSNY) PLLC at the princ. office of the LLC. Office location: NY County. LLC NY County. SSNY designated as on 12/21/11. Office location: New Purpose: Any lawful activity. formed in Delaware (DE) on 12/9/11. Notice is hereby given that an On- agent of PLLC upon whom process York County. SSNY has been SSNY designated as agent of LLC Premises Liquor License for beer, against it may be served. SSNY shall designated as agent of the LLC upon Notice of Formation of One57 66A, LLC. upon whom process against it may be wine and liquor has been applied for mail process to: Corporation Service whom process against it may be Arts. of Org. filed with Secy. of State served. SSNY shall mail process to: by the undersigned to permit the sale Company, 80 State St., Albany, served. SSNY shall mail a copy of of NY (SSNY) on 11/21/11. Office The LLC, 611 Mission St., 4th Fl., San of beer, wine and liquor at retail rates NY 12207. Purpose: practice the process to the LLC, 580 Park Avenue, location: NY County. SSNY designated Francisco, CA 94105. Address to be for on-premises consumption at profession of physical therapy. New York, New York 10065, ATTN: as agent of LLC upon whom maintained in DE: 160 Greentree Dr., Obika Mozzarella Bar located at 590 Philip R. Cowen. Purpose: For any process against it may be served. Ste. 101, Dover, DE 19904. Arts of Madison Avenue, New York, NY 10022 Notice of qualification of Creative lawful purpose. SSNY shall mail process to: c/o Org. filed with the DE Secretary of under the Alcoholic Beverage Control Licensing Group, LLC. Fict Name: CLG Cahill Gordon & Reindel LLP, 80 Pine State, 401 Federal St., Townsend Law. Obika NY Madison, LLC. Licensing, LLC. App for Authority filed Notice of Qualification of CDV III St., NY, NY 10005, Attn: Managing Bldg., Ste. 4, Dover, DE 19901. with the Secy of State of NY (SSNY) HARRISON STREET, LLC. Authority Clerk. Purpose: any lawful activity. Purpose: any lawful activities. Notice of Qualification of BLACKBIRDS on 10/7/11. Office loc: New York filed with Secy. of State of NY (SSNY) OPERATIONS ENTERPRISES LLC. County. LLC formed in DE on 8/27/10. on 11/22/11. Office location: NY Notice of Qualification of BELLPORT Notice of Qualification of Tennessee Authority filed with Secy. of State of SSNY has been designated as an County. LLC formed in Delaware (DE) MEZZ I, LLC. Authority filed with Secy. Gas Pipeline Company, L.L.C. NY (SSNY) on 12/07/11. Office agent upon whom process may be on 11/16/11. Princ. office of LLC: c/o of State of NY (SSNY) on 12/19/11. Authority filed with NY Dept. of State location: NY County. LLC formed in served and shall mail a copy of any Clarion Partners LLC, Attn: Richard Office location: NY County. LLC on 10/18/11. Office location: NY Delaware (DE) on 11/10/11. Princ. process against the LLC served upon Schaupp, 230 Park Ave., 12th Fl., NY, formed in Delaware (DE) on 11/10/11. County. Princ. bus. addr.: 1001 office of LLC: 1411 Broadway, 39th it to c/o Corporation Service Company, NY 10169. SSNY designated as agent Princ. office of LLC: 37th Fl., 10 East Louisiana St., Houston, TX 77002. Fl., NY, NY 10019. SSNY designated 80 State Street, Albany, NY 12207-2543. of LLC upon whom process against 53rd St., NY, NY 10022. SSNY desig- LLC formed in DE on 10/1/11. NY as agent of LLC upon whom process Princ address of LLC: 1619 Broadway, it may be served. SSNY shall mail nated as agent of LLC upon whom Sec. of State designated agent of against it may be served. SSNY shall 9th Flr, New York, NY 10019. DE process to c/o Holland & Knight LLP, process against it may be served. LLC upon whom process against it mail process to c/o Desiree Perez, S. address of LLC: c/o Corporation Attn: M. James Spitzer, Jr., Esq., 31 SSNY shall mail process to c/o may be served and shall mail Carter Enterprises, LLC at the princ. Service Company, 2711 Centerville W. 52nd St., NY, NY 10019. DE addr. Corporation Service Co., 80 State St., process to: c/o CT Corporation office of the LLC. DE addr. of LLC: Road, Suite 400, Wilmington, DE of LLC: c/o Corporation Service Co., Albany, NY 12207-2543. DE addr. of System, 111 8th Ave., NY, NY 10011, 2711 Centerville Rd., Ste. 400, 19808. Cert of Formation of LLC filed 2711 Centerville Rd., Ste. 400, LLC: 2711 Centerville Rd., Ste. 400, regd. agent upon whom process may Wilmington, DE 19808. Arts. of Org. on 8/27/10 with the Secy of State of Wilmington, DE 19808. Arts. of Org. Wilmington, DE 19808. Cert. of Form. be served. DE addr. of LLC: 1209 filed with Secy. of State, DE, Div. of DE loc at: Div of Corps, John G filed with DE Secy. of State, Div. of filed with Secy. of State of DE, Div. of Orange St., Wilmington, DE 19801. Corp., John G. Townsend Bldg., 401 Townsend Bldg, 401 Federal Street - Corps., John G. Townsend Bldg., 401 Corps., John G. Townsend Bldg., Cert. of Form. filed with DE Sec. of Federal St. - Ste. 4, Dover, DE Ste 4, Dover, DE 19901. Purpose of Federal St., Ste. 4, Dover, DE 19901. 401 Federal St., Ste. 4, Dover, DE State, 401 Federal St., Dover, DE 19901. Purpose: Any lawful activity. LLC: any lawful activity. Purpose: Any lawful activity. 19901. Purpose: Any lawful activity. 19901. Purpose: all lawful purposes.

16 | Crain’s New York Business | January 23, 2012 nb04p16-18cl.qxp 1/19/12 4:29 PM Page 17

PUBLIC & LEGAL NOTICES Notice of Qualification of UNITED Notice of Qualification of US Learning Notice of Qualification of ACRC Notice of Qualification of 430 W. 14 CERCA ACQUISITION I, LLC, Authority TECH BATTERIES, LLC. Authority Partners, LLC. Authority filed with Secy. Lender LLC. Authority filed with NY Realty, LLC. Authority filed with NY filed with the SSNY on 08/17/2011. filed with Secy. of State of NY (SSNY) of State of NY (SSNY) on 12/1/11. Dept. of State on 12/9/11. Office Dept. of State on 11/25/11. Office Office location: NY County. LLC on 11/18/11. Office location: NY Office location: NY County. LLC location: NY County. Princ. bus. location: NY County. Princ. bus. addr.: formed in DE on 07/14/2010. SSNY County. LLC formed in Delaware (DE) formed in Delaware (DE) on 10/28/11. addr.: 2000 Ave. of the Stars, 12th 9130 W. Sunset Blvd., Los Angeles, is designated as agent upon whom on 10/31/11. SSNY designated as SSNY designated as agent of LLC Fl., Los Angeles, CA 90067. LLC CA 90069. LLC formed in DE on process against the LLC may be agent of LLC upon whom process upon whom process against it may be formed in DE on 9/9/11. NY Sec. of 11/16/11. NY Sec. of State designated served. SSNY shall mail process to: against it may be served. SSNY shall served. SSNY shall mail process to: State designated agent of LLC upon agent of LLC upon whom process 375 Park Ave, Ste 2607, NY, NY mail process to c/o Corporation Seyfarth Shaw LLP, 620 Eighth Ave., whom process against it may be against it may be served and shall 10152. Address required to be Service Co. (CSC), 80 State St., NY, NY 10018, Attn: Charles Modlin, served and shall mail process to: CT mail process to: c/o CT Corporation maintained in DE: Corporation Trust Albany, NY 12207-2543. DE addr. of Esq. Principal office address: c/o Corporation System, 111 8th Ave., System, 111 8th Ave., NY, NY 10011, Ctr 1209 Orange St. Wilmington DE LLC: c/o CSC, 2711 Centreville Rd, University Ventures, 1745 Broadway, NY, NY 10011. DE addr. of LLC: c/o regd. agent upon whom process may 19801. Cert of Formation filed with Ste. 400, Wilmington, DE 19808. Arts. NY, NY 10019. Address to be main- The Corporation Trust Co., 1209 be served. DE addr. of LLC: c/o The DE Div. of Corps, 401 Federal St., of Org. filed with Div. of Corps., DE tained in DE: c/o Corporation Service Orange St., Wilmington, DE 19801. Corporation Trust Co., 1209 Orange Suite 4, Dover, DE 19901. Purpose: Secy. of State, John G. Townsend Bldg., Company, 2711 Centerville Rd., Ste. Cert. of Form. filed with DE Sec. of St., Wilmington, DE 19801. Cert. of Any Lawful Purpose. 401 Federal St., Ste. 4, Dover, DE 400, Wilmington, DE 19808. Arts of Org. State, 401 Federal St., Dover, DE Form. filed with DE Sec. of State, 19901. Purpose: Any lawful activity. filed with the DE Secretary of State, 401 19901. Purpose: all lawful purposes. 401 Federal St., Dover, DE 19901. MLEKODAY CPA LLC, a domestic Federal St., Ste. 4, Dover, DE 19901. Purpose: all lawful purposes. PLLC, Arts. of Org. filed with the SSNY NOTICE OF FORMATION OF LIMITED Purpose: any lawful activities. Notice of Formation of WRE Equity on 10/9/09. Office location: New LIABILITY COMPANY. NAME: 453 Group, LLC. Arts. of Org. filed with Secy. Notice is hereby given that a license York County. SSNY is designated as WEST 46th STREET LLC. Articles of JUNISO, LLC, a domestic LLC. Arts. of State of NY (SSNY) on 12/1/11. (#TBA) for LIQUOR has been applied agent upon whom process against Organization were filed with the of Org. filed with the SSNY on Office location: NY County. SSNY for by WOODROWS MANAGEMENT the PLLC may be served. SSNY Secretary of State of New York (SSNY) 12/08/2011. Office location: NY designated as agent of LLC upon LLC at retail, in a RESTAURANT, shall mail process to: The LLC, 1798 on 12/22/11. Office location: New County. SSNY has been designated whom process against it may be served. under the ABC Law at 43 MURRAY 3rd Ave., NY, NY 10029. Purpose: York County. SSNY has been desig- as agent upon whom process against SSNY shall mail process to: c/o Gabriel ST. NY, NY 10007 for on-premises Certified Public Accountancy. nated as agent of the LLC upon whom the LLC may be served. SSNY shall Levinson Ganfer & Shore LLP, 360 consumption. process against it may be served. mail process to: 234 E 58th St., NY, Lexington Ave., 14th Fl., NY, NY Notice of formation of Poly SSNY shall mail a copy of process to NY 10022. Reg Agent: Remy 10017. Purpose: any lawful purpose. ERGO, LLC Articles of Org. filed NY International Auction Co., LLC. The the LLC, 372 West 46th Street, New Issembert, 234 E 58th St., NY, NY Sec. of State (SSNY) 1/3/12. Office in company was formed on May 5, 2011 York, New York 10036. Purpose: 10022. Purpose: Any Lawful Purpose. NOTICE OF FORMATION of Mischa NY Co. SSNY desig. agent of LLC in NY County. Office address: 36 W. Lampert LLC. Arts of Org filed with upon whom process may be served. 44th St., Suite 707, New York, NY For any lawful purpose. NOTICE OF FORMATION OF Wasser the Secy of State of NY (SSNY) on SSNY shall mail copy of process to 10036. Service of process may be Coaching LLC. Arts of Organization Notice of Formation of Limited 11/17/2011. Office Loc: NY County. 481 Washington St., NY, NY 10014, effected by mailing to the correspon- filed with the Secretary of State of NY Liability Company (LLC) SABON SSNY designated as agent upon which is also the principal business ding Secretary of State. Purpose of (SSNY) on 11/17/11. Office loc: NY BOOTH, LLC Articles of Organization whom process may be served shall location. Purpose: Any lawful purpose. LLC: to engage in any lawful activity. filed by the Department of State of Cty. SSNY designated as agent upon mail a copy of any process to the New York on 01/03/2012. Office whom process may be served and principal business address: 155 Notice of Formation of Trevor L James Notice is hereby given that a license location: County of New York. shall mail process to: 4 Carriage Way, Wooster Street, Apt. 5E New York, Studio LLC. Arts of Org. filed with Sec. (#TBA) for BEER & WINE has been Purpose: any and all lawful activities. Montclair, NJ 07042. Principal NY 10012. Purpose: any lawful acts. of State of NY (SSNY) 10/07/2011. applied for by SERENA WAH, INC. at Secretary of State of New York business address: 300 Central Park Office Location: New York County. retail, in a RESTAURANT, under the Notice of formation of Point Grey (SSNY) designated as agent of LLC West, Ste 1C, NY, NY 10024. SSNY is designated agent for service ABC Law at 1343 2ND AVE. Capital Advisors LLC. Arts of Org upon whom process against it may Purpose: any lawful acts. of process. SSNY shall mail process to (NORTHERLY STORE) NY, NY 10021 filed with Secy Of State of NY be served. SSNY shall mail copy of 44 West 96th St, # 4D. New York, NY, for on-premises consumption. Notice of Formation of JEMCAP SD, (SSNY) on 11/15/11. Office loc: NY process to: 38 Greene Street, Suite LLC. Arts. of Org. filed with Secy. of 10025. Purpose: any lawful purpose. 5A New York, NY 10013. Cty. SSNY designated as agent G.D.O.I. LLC, a domestic LLC, Arts. State of NY (SSNY) on 12/09/11. of Org. filed with the SSNY on upon whom process against it may NANASAMIKO LLC, a domestic LLC, Office location: NY County. Princ. 9/19/11. Office location: New York Notice of Formation of D. MELLEN be served and shall mail process to: Arts. of Org. filed with the SSNY on office of LLC: 360 Madison Ave., Ste. County. SSNY is designated as BARICK LLC. Arts. of Org. filed with 129 W 75th St, 4F, NY, NY, 10023. 11/4/11. Office location: New York 1902, NY, NY 10017. SSNY designated agent upon whom process against Secy. of State of NY (SSNY) on Purpose: any lawful acts. County. SSNY is designated as agent as agent of LLC upon whom process the LLC may be served. SSNY shall 12/08/11. Office location: NY County. upon whom process against the LLC against it may be served. SSNY shall Notice of Formation of LEHIGH 83, mail process to: Wimpfheimer & SSNY designated as agent of LLC may be served. SSNY shall mail pro- mail process to Corporation Service LLC. Arts. of Org. filed with Secy. of Wimpfheimer, 330 W. 58th St., NY, upon whom process against it may cess to: Sam Rankell, 141 E. 76 St., Co., 80 State St., Albany, NY 12207- State of NY (SSNY) on 01/04/12. NY 10019. General Purposes. Latest be served. SSNY shall mail process NY, NY 10021. General Purposes. 2543. Purpose: Any lawful activity. Office location: NY County. Princ. date to dissolve 9/19/2041. to c/o Deborah Mellen, 2000 Latest date to dissolve 12/1/2050. Broadway, 15C, NY, NY 10023. NOTICE OF FORMATION OF Ocutex office of LLC: 950 Third Ave., 31st Purpose: Any lawful activity. Software LLC. Arts of Org filed with Fl., NY, NY 10022. SSNY designated Notice of Qualification of AG MVP as agent of LLC upon whom process EPIC FIGHT LLC, a domestic LLC. Plus SG II, L.P. Authority filed with NY the Secy of State of NY (SSNY) on Arts. of Org. filed with the SSNY on SDH/HL GENTRY LLC, a domestic against it may be served. SSNY shall Dept. of State on 12/12/11. Office 08/24/2011. Office loc: NY Cty. SSNY 12/19/2011. Office location: NY LLC, Arts. of Org. filed with the SSNY mail process to Levy Holm Pellegrino location: NY County. LP formed in DE designated as agent upon whom County. SSNY has been designated on 11/22/11. Office location: New & Drath LLP at the princ. office of the on 11/22/11. NY Sec. of State desig- process may be served and shall mail as agent upon whom process against York County. SSNY is designated as LLC. Purpose: Any lawful activity. nated agent of LP upon whom process process to: United States Corporation the LLC may be served. SSNY shall agent upon whom process against against it may be served and shall Agents, Inc., 7014 13th Ave, Ste 202, mail process to: 842 2nd Ave., NY, NY the LLC may be served. SSNY shall GS Galleries, LLC - Arts of Org. filed mail process to the principal business Bklyn, NY 11228. Principal business 10017. Reg Agent: Alexander Nicholas, mail process to: The LLC, c/o with Secy. of State of NY (SSNY) on addr.: c/o Angelo, Gordon & Co., L.P., address: 12 Desbrosses St, NY, NY 842 2nd Ave., NY, NY 10017. Haymes Investment Company, 5 Penn 11/3/2011. Office location: New York 245 Park Ave., 26th Fl., NY, NY 10167. 10013. Purpose: any lawful acts. Purpose: Any Lawful Purpose. Plaza, 24th Fl, NY, NY 10001. County. SSNY designated as agent of DE addr. of LP: c/o The Corporation HASDEI HASHEM LLC Articles of LLC upon whom process against it Trust Co., 1209 Orange St., Wilmington, General Purposes. INES G EDITORIAL LLC, a domestic Org. filed NY Sec. of State (SSNY) may be served. SSNY shall mail DE 19801. Name/addr. of genl. ptr. LLC, Arts. of Org. filed with the SSNY Notice of Formation of Northglen 12/1/11. Office in NY Co. SSNY process to c/o Ganfer & Shore, LLP, available from NY Sec. of State. Cert. on 12/12/11. Office location: New Properties, LLC, Art. of Org. filed desig. agent of LLC upon whom 360 Lexington Ave., NY, NY 10017. of LP filed with DE Sec. of State, York County. SSNY is designated as Sec’y of State (SSNY) 7/26/11. Office process may be served. SSNY shall Purpose: any lawful activity. Townsend Bldg., Dover, DE 19901. agent upon whom process against location: NY County. SSNY designated mail copy of process to 241 West 37th Purpose: all lawful purposes. the LLC may be served. SSNY shall as agent of LLC upon whom process St., Ste. 208, NY, NY 10018, which is Notice is hereby given a License mail process to: Ines Greenberger, against it may be served. SSNY shall also the principal business location. Number 1260078 liquor has been Notice of Qualification of CHARLES 55 E. 9th St., Ste. T-C, NY, NY 10003. mail copy of process to c/o Dahan & Purpose: Any lawful purpose. applied for by the undersigned to sell STERLING GROUP, LLC. Authority Nowick, 1700 Broadway, NY, NY liquor at retail in a Restaurant under General Purposes. filed with Secy. of State of NY 10019. Purpose: any lawful activities. Notice of Formation of GROUP RED, the Alcoholic Beverage Control Law at (SSNY) on 01/03/12. Office location: L.L.C. Arts. of Org. filed with Secy. of 311 West 43rd Street, New York, NY Notice of Formation of Harz Energy, NY County. LLC formed in Delaware Notice of Formation of Flow Medical State of NY (SSNY) on 12/09/11. 10036 for on premises consumption. LLC. Arts. of Org. filed with Secy. of (DE) on 09/26/03. SSNY designated Cell L.L.C. Arts. of Org. filed with NY Office location: NY County. Princ. Applicant- Hakkasan NYC LLC State of NY (SSNY) on 11/22/11. as agent of LLC upon whom process Dept. of State on 10/13/11. Office office of LLC: 35 E. 21st St., NY, NY Off. loc.: NY Co. SSNY designated against it may be served. SSNY shall location: NY County. Sec. of State 10010. SSNY designated as agent of Notice is hereby given that a license as agent of LLC upon whom mail process to c/o National designated agent of LLC upon whom LLC upon whom process against it (#TBA) for BEER & WINE has been process against it may be served. Registered Agents, Inc., 875 Ave. of process against it may be served and may be served. SSNY shall mail applied for by LEBRINIS PIZZERIA SSNY shall mail process to the LLC, the Americas, Ste. 501, NY, NY 10001. shall mail process to the principal process to Davis & Gilbert LLP, 1740 CORP. at retail, in a RESTAURANT, c/o Northern Estates Corp., 20 West DE addr. of LLC: 160 Greentree Dr., business addr.: 23 Waverly Place, Broadway, NY, NY 10019. Purpose: under the ABC Law at 31 AVE. C, NY, 37th St., New York, NY 10018 Ste. 101, Dover, DE 19904. Arts. of Apt. 6t, NY, NY 10003. Purpose: all Any lawful activity. NY 10009 for on-premises consumption. Purpose: any lawful act or activity. Org. filed with DE Secy. of State, Div. lawful purposes. Notice of Qualification of EQR-175 Notice of Qualification of Crowd Play, Notice of Qualification of EQR-175 of Corps., John G. Townsend Bldg., Notice of Qualification of Experis Kent Avenue A, LLC. Authority filed LLC. Authority filed with Secy. of Kent Avenue B, LLC. Authority filed 401 Federal St., Ste. 4, Dover, DE Finance US, LLC. Authority filed with with NY Dept. of State on 12/16/11. State of NY (SSNY) on 12/29/11. with NY Dept. of State on 12/16/11. 19901. Purpose: Any lawful activity. NY Dept. of State on 12/5/11. Office Office location: NY County. Princ. bus. Office location: NY County. LLC Office location: NY County. Princ. location: NY County. Princ. bus. addr.: 2 N. Riverside Plaza, Ste. 400, formed in Delaware (DE) on 12/12/11. bus. addr.: 2 N. Riverside Plaza, Ste. addr.: 100 Manpower Pl., Milwaukee, Chicago, IL 60606. LLC formed in DE SSNY designated as agent of LLC 400, Chicago, IL 60606. LLC formed WI 53212. LLC formed in DE on on 12/13/11. NY Sec. of State upon whom process against it may be in DE on 12/13/11. NY Sec. of State 10/1/11. NY Sec. of State designated designated agent of LLC upon whom served. SSNY shall mail process to: designated agent of LLC upon whom To place your agent of LLC upon whom process process against it may be served and c/o National Registered Agents, Inc., process against it may be served and against it may be served and shall shall mail process to: c/o CT 875 Ave. of the Americas, Ste. 501, shall mail process to: c/o CT mail process to: c/o CT Corporation Corporation System (CTCS), 111 8th NY, NY 10001. Principal office Corporation System (CTCS), 111 8th classified ad System, 111 8th Ave., NY, NY 10011, Ave., NY, NY 10011, regd. agent upon address: 245 8th Ave., #199, NY, NY Ave., NY, NY 10011, regd. agent regd. agent upon whom process may whom process may be served. DE 10011. Address to be maintained in upon whom process may be served. call Mike Vargas be served. DE addr. of LLC: 1209 addr. of LLC: c/o CTCS, 1209 Orange DE: 160 Greentree Dr., Ste. 101, DE addr. of LLC: c/o CTCS, 1209 Orange St., Wilmington, DE 19801. St., Wilmington, DE 19801. Cert. of Dover, DE 19904. Arts of Org. filed Orange St., Wilmington, DE 19801. Cert. of Form. filed with DE Sec. of Form. filed with DE Sec. of State, 401 with the DE Secretary of State, 401 Cert. of Form. filed with DE Sec. of @ 212-210-0189 State, 401 Federal St., Dover, DE Federal St., Dover, DE 19901. Federal St., Ste. 4, Dover, DE 19901. State, 401 Federal St., Dover, DE 19901. Purpose: all lawful purposes. Purpose: all lawful purposes. Purpose: any lawful activities. 19901. Purpose: all lawful purposes.

January 23, 2012 | Crain’s New York Business | 17 20120123-NEWS--0018-NAT-CCI-CN_-- 1/20/2012 6:18 PM Page 1

bill.The city sweetened the deal with $27.5 million in funding. Signature Theatre “This is a young theater compa- FreshDirect lease ny, but it has an extraordinary track Continued from Page 2 years, brought glamour and connec- record of success and is performing Continued from Page 3 as well as parts of New Jersey, Con- plays, 35 of which are new, from a tions that have been invaluable to the a very important service to the city’s ing door of top management, and is necticut and Westchester. In an in- pool of 25 writers.” campaign, company officials said. creative community,” said Kate now in charge of transforming terview with Crain’s in 2009, Mr. The facility is a big jump for Sig- The actor’s close friends Barry Diller Levin, New York’s cultural com- FreshDirect from a local to a nation- Braddock disclosed that the compa- nature. The Pulitzer Prize-winning and Diane von Furstenberg have missioner. “And this is the wave of al company. ny was on track to generate $240 company,known for hits like the re- ponied up $3 million. the future—cultural organizations The nephew of FreshDirect’s million in revenues. cent revival of Tony Kushner’s An- Still, starting a capital campaign building spaces that really become a biggest investor, Mr. Ackerman will Last year, it scored a coup with a gels in America, has operated since in August 2008, just before the fi- point of interest for a whole neigh- pull the trigger on two major deci- $50 million investment—represent- 1997 out of a single theater down nancial crisis, was challenging. In borhood.” sions charting the course of the on- ing a 10% stake in FreshDirect— the street from its new site. fact, the team put off asking for The hope is that Signature will line deliverer’s future:where to build from Wm Morrison Supermarkets, money from anyone until the follow- serve as a cultural anchor for the far its new home and how to expand to the fourth-largest food retailer in the Operating budget doubles ing year. But in some ways, the the- West Side, providing amenities and other cities. United Kingdom. Once the complex is fully up and ater executives say, the rapid pace of cachet for the gentrifying neighbor- “He has been groomed for the Wm Morrison wants to build running,Signature’s annual operat- the project helped fuel momentum. hood. position almost since the begin- an online delivery system at home ing budget will reach about $11 “Other institutions usually go Kathleen Treat, chair of the ning,” said a longtime FreshDirect and has sent four executives to million, nearly double what it was into these capital campaigns with a Hell’s Kitchen Neighborhood As- investor who did not want to be New York to learn from FreshDi- last year. The funds won’t come seven- or 10-year time period,” said sociation, said the theater would be identified. “It was almost an unspo- rect, which will use the funds to from increased ticket rev- Erika Mallin, Signature’s a boon to the area—especially be- ken understanding that if Jason help it expand to such cities as enue, either. Mr. Hough- executive director.“Every- cause of its affordable ticket pro- evolved his skills into those capable Philadelphia, Boston and Wash- ton, who pioneered subsi- thing for us was fast- gram. “This used to be a neighbor- of being CEO,he would get the job.” ington, D.C. FreshDirect will also dized ticketing for the tracked,but that put a new hood where middle-class and poor have a minority interest in the U.K. performing arts, recently $25 twist to the campaign that people could live, and now every- Growing pains venture. announced that for the TICKET PRICE worked in our favor. thing’s for the rich,” Ms. Treat said. His uncle Peter Ackerman, who “We went into this for two rea- next decade, nearly 1 mil- for every first-run Donors were seeing the worked with disgraced junk-bond sons: as a learning experience,” said lion tickets—every seat to show for the next building go up.” No back door king Michael Milken at Drexel Julian Bailey, a spokesman for Wm every performance during 10 years The facility is the cul- Mr. Houghton, who has lived a Burnham Lambert in the 1980s,in- Morrison, “but secondly, we a play’s initial run—will be mination of a long search block away from the new theater for vested approximately $65 million in thought that the stake would be a priced at $25.To fund this for a new home. Signature years, hopes it will become a kind of FreshDirect and served as its chair- good long-term investment that undertaking, the company has was one of the four original tenants community center. But his biggest man until 2005. will return dividends.” launched a $20 million campaign.It chosen for the planned $700 million goal is to achieve a connection Others who know the company FreshDirect is rapidly outgrow- has raised about $6 million so far. performing arts center at ground among the playwrights, the actors said the nephew wasn’t simply ing its Queens headquarters, where That effort is in addition to its $72 zero. When that project fell apart, and the audience. For that purpose, handed the job. Mr. Ackerman has its 200 delivery trucks need to be million capital campaign, which cov- the city took the theater under its there is no back door for the talent, held several top positions, working parked in four different neighbor- ers $51.6 million in construction wing to find a replacement space. and every performance on all the alongside a succession of CEOs, hoods. A new headquarters will costs, with the rest allocated for tran- When developer Related Cos. stages will begin at 7:30. The hope most recently Rick Braddock, who have enough parking,said Mr.Ack- sition income and reserves. Headed wanted to build a residential and ho- is that everyone will mingle togeth- is a significant investor in the com- erman. by actor Edward Norton, the plan is tel complex called MiMA on the far er in the café afterward. “I want the pany. According to an interview $10 million shy of its goal. Mr. Nor- West Side, the Bloomberg adminis- audience to feel that their participa- this month with Bloomberg Mar- Green grocer ton, who started his career at Signa- tration required it to include a non- tion matters,”Mr.Houghton said.“I kets, Mr. Braddock, a former presi- The company is also going ture and has been on its board for 17 profit theater. Signature filled the view the lobby as another venue.” Ⅲ dent of Citibank and chief executive green.Last summer,it inked deals to of Priceline.com, is suing the com- buy directly from more than 60 pany for access to his $6.5 million farms in the Northeast, dispatching investment, among other things. its trucks to pick up dairy items and Hospital board turmoil Mr. Braddock did not return produce. It’s also buying electric calls for comment, and FreshDirect trucks,with the first ones arriving in would not discuss the split. It is not the next several months. Even a said a Wyckoff spokeswoman. Brooklyn work group.The panel rec- the first time a FreshDirect CEO greenhouse on the roof of its new fa- Wyckoff’s trustees Under Mr. Rucigay, the board ommended that Wyckoff, Brooklyn has left on bad terms. Its first, for- cility is in the plans,said Mr.Acker- don’t want to form balked at heeding a state panel rec- Hospital and Interfaith Medical mer Fairway Market executive man, adding that it could supply as ommendation that the hospital Center integrate into a single system Joseph Fedele, also sued the compa- much as 80% of FreshDirect’s needs system with rivals form a system with rival hospitals under an active parent or other ac- ny in 2004. for certain produce items, such as and give control to Brooklyn Hos- countable governance structure,with “It has been harder for outsiders lettuce and tomatoes. BY BARBARA BENSON pital Center. Brooklyn Hospital leading the trans- to come in and learn this business Most important, a new facility The board’s stance, which puts formation and restructuring of oper- than it has been for people on the will allow FreshDirect to sell more The chairman of the board of Wyck- the hospital at risk of losing millions ations at Wyckoff and Interfaith. core management team, the major- goods,expand its kitchens,purchase off Heights Medical Center stepped of dollars in state aid, has surprised Time is running out for the ity of whom have been here items that it doesn’t currently offer, down last week, a move triggered by observers, given that just last month Wyckoff board to accept or reject throughout all the transitions,” said such as flowers, and make its plant a rift among trustees over the finan- the Wyckoff board hired a member the three-hospital alliance. The Mr. Ackerman. more efficient. cially ailing hospital’s future. Emil of the state panel that made the rec- state is offering $450 million in Growing pains aside, FreshDi- “Building the next generation of Rucigay remains on the board but ommendation, Ramon Rodriguez, grants to support implementation rect has repeatedly defied its critics, FreshDirect is very exciting for us,” resigned as chairman “during a time as its president and chief executive. of MRT recommendations to re- many of whom predicted its demise said Mr. Ackerman. “We have of change when we are moving for- Mr. Rodriguez was part of the structure. Those applications are years ago. The company has more learned an enormous amount about ward in a difficult environment,” state Medicaid Redesign Team’s due on Feb. 10. Ⅲ than 600,000 customers in the city, how to run this business.” Ⅲ

PUBLIC & LEGAL NOTICES

Notice of Qualification of Ardour Notice of Qualification of Signal Notice of Qualification of Nutra-Blend, Notice of formation of VIENNA Notice of Formation of Gerchberg Asset Management, LLC. App. for Trading Systems, LLC. Authority filed L.L.C. Authority filed with NY Dept. of WOODS PROPERTIES 2, LLC a Ophthalmic Dispensing, PLLC a Auth. filed Secy. of State NY (SSNY): with NY Dept. of State on 12/2/11. State on 12/14/2011. Office location: domestic Limited Liability Company domestic Professional Limited Liability 11/18/11. Ofc. Loc.: NY Cty. Jurisd. Office location: NY County. Princ. bus. NY County. LLC formed in MO on (LLC). Articles of Organization filed Company (PLLC). Art. of Org. filed and date of org.: DE, 11/8/11. SSNY addr.: 400 S. LaSalle St., Chicago, IL 12/29/1994. NY Sec. of State desig- with the Secretary of State on with the SSNY on May 19, 2009. designated as agent upon whom 60605. LLC formed in DE on 5/13/10. nated agent of LLC upon whom January 4, 2012. NY Office Location: Office location: New York County at process against it may be served and NY Sec. of State designated agent of process against it may be served New York County. Secretary of State 155 W 71st Street, Apt. 6G New shall mail copy of process to the DE LLC upon whom process against it and shall mail process to: c/o CT is designated as agent upon whom York, NY 10023. SSNY is designated addr. of the LLC: United Corp. Svcs., may be served and shall mail process Corporation System, 111 8th Ave., process against the LLC may be agent upon whom process against Inc., 874 Walker Rd., Ste. C, Dover, to: c/o CT Corporation System, 111 NY, NY 10011. MO and principal served. Secretary of State shall mail the LLC may be served. The SSNY DE 19904. Princ. bus. addr.: 350 5th 8th Ave., NY, NY 10011. DE addr. of business address: 3200 E. 2nd St., a copy of any process against the shall mail a copy of any process to Ave., Ste. 3018, NY, NY 10118. Cert. LLC: 1209 Orange St., Wilmington, DE Neosho, MO 64850. Cert. of Org. LLC served upon him/her to: 500 Kirk Gerchberg at 155 W 71st of LLC filed with: DE Secy. of State, 19801. Cert. of Form. filed with DE Sec. filed with MO Sec. of State, 600 W. Atlantic Avenue, #19F, Boston, Street, Apt. 6G New York, NY 401 Federal St., Dover, DE 19901. of State, 401 Federal St., Dover, DE Main St., Jefferson City, MO 65102. Massachusetts 02210. Purpose: To 10023. PURPOSE: To engage in any Purpose: any lawful acts. 19901. Purpose: all lawful purposes. Purpose: all lawful purposes. engage in any lawful act or activity. lawful act or activity.

18 | Crain’s New York Business | January 23, 2012 20120123-NEWS--0019-NAT-CCI-CN_-- 1/19/2012 1:49 PM Page 1

1.7 M Number of jobs the U.S. could add in 2012 BUSINESS LIVES Source: Bloomberg

HOT JOBS EXECUTIVE INBOX Anne Fisher NURSE MANAGER, EMERGENCY DEPARTMENT COMPANY New York University Langone Medical Center Break rules, JOB DESCRIPTION Develop and build an empire maintain excellent patient and family care; serve as HOW DO YOU TURN a tiny startup professional role model BEDTIME STORY: into a diversified, global Fortune MOST IMPORTANT TASK Provide Benjamin hotel 500 powerhouse in just 10 sleep concierge years? If Jerome Chazen’s book clinical leadership in assessing, Anya Orlanska implementing and evaluating samples her wares. is any guide, you start by noticing patient care changes in what your customers CREDENTIALS NEEDED Must be want—not only before your a registered professional nurse competitors in manufacturing in New York with five years of and design do, but even before clinical emergency practice the retailers who cater to those SALARY $110,000-$120,000 customers catch on. Mr. Chazen was one of four RECRUITER Internal founding partners of Liz DOWNSIDE Being on call 24 Claiborne Inc. in the mid-’70s. hours a day His new memoir, My Life at Liz UPSIDE Langone Medical Center Claiborne: How We Broke the was designated a Magnet Rules and Built the Largest hospital, a national credential Fashion Company in the World, is for high-quality nursing a lively account of how the Comprising three hospitals, the fashion house grew from barely Langone Medical Center focuses $2 million in revenues in 1976 to on health care, biomedical 2010 sales of $2.5 billion. research and medical education. While most rivals were still —HELEN KWONG making dresses, or specializing in just one line of clothing (blouses, for example, or skirts), EXECUTIVE MOVES Mr. Chazen had his eye on a new kind of busy, budget- Remark Media: Carrie minded consumer who yearned Ferman, 36, was for “the ability to put together promoted to CEO at different outfits without having to the digital media spend a fortune on new clothes company. She was for every occasion.” So his previously executive GOTHAM GIGS partner Liz Claiborne designed a vice president of line of separates—and Mr. corporate strategy. Dwell Media: Amanda Dameron, 34, was Chazen set out to sell the idea to promoted to editor in chief across all department stores. platforms at the media company. She At first, it was tough going. was previously executive editor. That began to change when Mr. The Weinstein Co.: Dylan Sellers, 49, Pillow Talk Chazen persuaded the president joined the multimedia production and of Bamberger’s (part of Macy’s) distribution company as president of production and acquisitions, a newly Forget the Statue of Liberty and Times Square. Anya Orlanska, head to set aside a small area for Liz created position. He was previously a The most Claiborne’s line in the chain’s senior production executive at Warner concierge at The Benjamin hotel, wants her guests to get a good huge Paramus, N.J., store. Brothers’ Unique Features. popular night’s sleep. In addition to her regular concierge duties at the hotel, Shoppers snapped up so many Insurance Federation of New York: Neil the 41-year-old Polish native is in charge of its sleep program. ¶ To outfits so fast that other , 59, was Pearson one is the help bring on the z’s, Ms. Orlanska offers guests a choice of 12 Bamberger’s and Macy’s named president of managers took notice. the professional pillows—the most, she says, of any hotel in the city.The fleet includes organization. He is Swedish There were two decades of currently a partner in a five-foot body cushion and the Snore-No-More.The most popular rip-roaring success in the ’80s the insurance and Memory, pillow is the Swedish Memory, created by NASA. ¶ Ms. Orlanska and ’90s. In the years between reinsurance takes her job seriously. She consults with the National Foundation of 1981, when Liz Claiborne Inc. department at created by Sleep to develop the hotel’s offerings. Guests are told to avoid went public, and 1991, the Edwards Wildman Palmer. company’s profits rocketed to The Business Council of New York State NASA cigarettes at night and are given sleep-inducing snacks, such as Inc.: Ken Pokalsky, 52, was promoted to $223 million from $10 million. vice president of government affairs. He peanut butter and jelly with warm milk. ¶ She started at The The stock price followed suit: was previously senior director of Benjamin five years ago after working as a concierge for a number of 1,000 shares at the IPO price of government affairs. hotels. Ms. Orlanska, who studied economics before moving to New $19,000 were worth well over Chop’t Creative Salad Co.: Catherine $1 million 10 years later. Lederer, 41, was promoted to vice York after college, never thought much about sleep in the past. Now, president of food and beverage. She was with a 3-year-old at home in Queens, she is thankful for her new Have you ever had to persuade a re- previously director of food and tailer to try selling your product? Tell beverage. expertise. “My daughter is a very good sleeper,” Ms. Orlanska said. us at www.crainsnewyork.com/ See EXECUTIVE MOVES on Page 21 “All my sleeping tips are helping me now.”—miriam kreinin souccar execinbox.

buck ennis January 23, 2012 | Crain’s New York Business | 19 20120123-NEWS--0020-NAT-CCI-CN_-- 1/19/2012 2:11 PM Page 1

RÉSUMÉ REVIEW Painting the town green Is your job search all it could be? We ask the experts. PlaNYC head sees baseline energy efficiency of the If New Yorkers chose to walk, bike or 2,730 buildings it owns showed that take transit rather than a car; recycle; NAME CORY J. SAMUELS room to improve 51% performed better than the na- purchase low-energy appliances and OBJECTIVE tional average. lighting; bring food waste to a To obtain a full-time position with a sustainability efforts GrowNYC greenmarket compost marketing company How is working on sustainability in NYC drop-off; or persuade a landlord or PROFESSIONAL EXPERIENCE different from Portland? condo/co-op board to convert a Creativglu, Miami, Sept.-present BY THERESA AGOVINO On the West Coast, the movement building boiler from dirty heating oils Co-founder and president springs out of the 1970s and the de- to natural gas, the impact would be s director of the Mayor’s sire to preserve nature. The New vast.These individual actions magni- Created a website for creatives, managers, agents and firms to interact, Office of Long-Term York City style is more of a 21st- fied across a city of 8.4 million people promote and sell work, and find jobs; managed a 13-member team Planning and Sustainabil- century quest for sustainability— are impressive and significant. Jive Records A&R (Sony Entertainment), May-Sept. 2010 ity, David Bradgon is the how it can grow in a green way in- Intern/assistant Apoint man for one of Michael stead of just preserving nature. Only 51% of the city’s buildings Supervised artist relations and coordinated with artist managers/ Bloomberg’s top priorities: creating performed better than average. What agents, scouted new artists and screened music submissions a greener city.The New York native What were some of does that say about the state of our EDUCATION 2011’s biggest energy efficiency? accepted the post 16 months ago,af- University of Miami, bachelor of business administration, May 2011 ter working as president of the Port- accomplishments? The benchmarking was done for Cultural experience: Piazza della Repubblica, Florence, Jan.-May 2010 land, Ore., The City Council 2010, which was before our city en- Metro Coun- banned two types ergy-efficiency projects had begun Résumé appears in condensed form. cil, where his of [dirty] heating to be installed at the large scale. So EXPERT ADVICE MOVERS & responsibili- oil that will be the scores are telling us that,prior to Presence in social media can enhance a candidate’s appeal or raise SHAKERS ties included phased out by 2030. implementing improvements, questions about capabilities and focus. Cory, as co-founder of a budding planning and We planted the 500th our starting point is pretty collaboration website for the creative industries, needs to clarify where his conservation tree out of [the similar to everyone commitment lies and why he wants to be considered for a position with a David issues. He is planned] 1 mil- else’s. One interest- marketing company in New York. The intern experiences as well as the charged with lion. ing thing will be accomplishments with his own company provide Cory the opportunity to Bragdon implement- seeing how these sharpen his brand and stand out above recent college graduates. ing PlaNYC, What steps can scores begin to shift the adminis- individuals take in the coming years —dick batten, director, Karp Resources tration’s blueprint for improving to help make as our energy-effi- To contact this candidate or to be featured in “Résumé Review,” e-mail us sustainability. The city’s first-ever New York ciency measures at [email protected]. report, released last year, on the greener? Downloastart to take hold. Ⅲ d

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20 | Crain’s New York Business | January 23, 2012 20120123-NEWS--0021-NAT-CCI-CN_-- 1/19/2012 1:50 PM Page 1

EXECUTIVE MOVES financial services firm. He will continue Most recently, he founded Ward as head trader and co-head of Transportation Research. CORPORATE LADDER operations of the firm’s asset Hogan Lovells: Michael DeLarco, 36, was Continued from Page 19 management business. promoted to partner in the law firm’s WTAS: STEPPING UP IN MARKETING Hearst Magazines: Deede Dickson, 57, Carl C. Fiore, 37, was promoted to employment practice group. He was joined the publishing company as vice managing director at the tax firm. He previously an associate. PETER RAWLINSON, 42, was promoted to chief marketing president, business development, for the was previously director of the estate Peter Dennin, 41, was promoted to officer at AppSense, an independent software provider. In consumer marketing group. She was planning group. partner in the litigation practice group. this role, Mr. Rawlinson will be responsible for global previously director of marketing at Next Joseph R. Kluemper, 41, was promoted to He was previously an associate. marketing activities and driving the strategic direction of the Issue Media. managing director. He was previously Richard Basuk, 60, was promoted to director in the international private counsel in the tax practice group. He business. He will work closely with key customers and Parsons Brinkerhoff: Robert Stromsted, partners of AppSense to ensure a customer-centric 58, joined the global consulting firm as client services practice. was previously an associate. senior vice president. He was previously Janet Peng, 40, was promoted to Dillion Kim, 36, was promoted to approach throughout the firm. chief executive at HNTB Corp. managing director. She was previously counsel in the intellectual property, Most recently, he served for six years as vice president, Cain Brothers & Co.: E. David Hetz, 53, director in the alternative investment media and technology practice group. worldwide marketing, and was instrumental in joined the health care investment fund practice. He was previously an associate. establishing the user virtualization market. He holds a Sterne Agee & Leach: banking firm as vice chairman. He co- Michael P.Ward, Oleg Sabel, 38, was promoted to counsel 51, joined the investment banking firm in the real estate practice group. He was bachelor’s of science with honors in physics from the founded Cutlass Capital, where he was University of Sheffield. —CALLIE EIDLER previously a private equity investor. He as a managing director in the previously an associate. also serves as senior adviser to LLM transportation equity research group. —callie eidler Capital Partners. Lockton Cos.: Michael F.Power, 55, joined the insurance broker as senior vice president, Northeast real estate practice. He was previously head of the New York real estate practice at Willis of New York Inc. Forest City Ratner Cos.: Kathryn Welch, 52, was promoted to retail group senior vice president at the real estate company. She was previously regional director of leasing at Forest City Enterprises. Stribling & Associates: Jaclyn Boulan, 33, Joe Meyer, joined the real estate firm as vice president. CEO of HopStop, a leading She was previously mobile app for door-to-door realized principal and the power of president of sales at walking, transit, taxi, biking and THINK Properties. hourly car rental directions in CRAIN'S NEW AKQA: Jason McCann, 100+ cities worldwide 38, joined the creative YORK BUSINESS agency as creative in sourcing new director. He was previously vice talent. president and co-executive creative director at TAXI Toronto. FXFOWLE Architects: Stephan Dallendoerfer, 45, was promoted to associate principal at the architectural and design firm. He was previously a senior associate. Morrison Cohen: Jared A. Hershberg, 45, was promoted to partner in the corporate department at the commercial While browsing Crain's law firm. He was previously senior Resume Review, Joe was counsel. delighted to find the resume Bruce P.Levine, 51, joined as partner in the corporate department. He was of a strong mobile app previously a partner at Herrick developer. Feinstein. Eric Young, 45, was promoted to partner in the corporate department. He was previously senior counsel. Jeffrey D. Brooks, 39, was promoted to senior counsel in the business litigation department. He was previously an associate. Marissa L. Millman, 32, was promoted to senior counsel in the corporate department. She was previously an associate. Tarter Krinsky & Drogin: Jeffrey H. Roth, He hired that 56, joined the law candidate 6 months ago firm as partner in the real estate and who now serves as Senior litigation practice Engineer & Mobile groups. He was Developer for the growing principal at the Law Office of Jeffrey H. company. Roth, which he founded. Mark J. Rosenberg, 47, joined as a counsel in the intellectual-property practice group. He was previously of counsel at Sills Cummis and Gross. McGuireWoods: Jeffrey J. Chapman, 39, joined the law firm as partner. He was previously a partner at Sullivan & Cromwell. Perella Weinberg Partners: Chip Krotee, 42, was promoted to partner at the CRAIN’S CONNECTS EXECUTIVE PROMOTIONS

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January 23, 2012 | Crain’s New York Business | 21 20120123-NEWS--0022-NAT-CCI-CN_-- 1/19/2012 6:05 PM Page 1 chemex / INSATIABLE CRITIC Gael Greene range from $50 for students to $90 flickr.com THE for professionals. To get more information and to register, visit www.nyustern.campusgroups.com.

WEEK FRIDAY, FEBRUARY 3 Where lunch is Join SCORE NYC for BUSINESS PLANNING FOR STARTUPS: A ROADMAP TO AHEAD SUCCESS.The seminar will examine topics that should be considered when never routine starting a business, including business JAN.30-FEB. 5 plans, marketing, business goals and financial needs.The event will take place CONFERENCES at the Science, Industry & Business AND SEMINARS Library, 188 Madison Ave., from 1 p.m. Why do salad at the to 5 p.m.The cost to attend is $59 with jim lafferty desk? These three WEDNESDAY, FEBRUARY 1 advance registration and $69 at the door. Join BDO Seidman for lunch with Preregistration is suggested; space is WHAT HE’S make midday a treat Kenneth Adams, New York state limited.To get more information and to economic development commissioner. register, call (212) 264-4507 or visit EXPANDING WATCHING Mr. Adams will speak on www.newyorkcity.score.org. ’m mostly a salad-at-my- THE GOVERNOR’S VISION OF A “NEW” desk creature. I know the NEW YORK. The lunch will take place at CULTURAL EVENTS AFTER READING long reports and economy needs me to go out the Cornell Club, 6 E. 44th St., Ivy FRIDAY, FEBRUARY 3 studies all day at the Municipal to lunch. But I figure my Room, from noon to 2 p.m. The cost to CAUSEY CONTEMPORARY presents the Art Society, President Vin Cipolla I attend is $70 with preregistration or opening of Volumes, a group exhibition relaxes by going to the movies. friend Bob does his share and buck ennis $80 at the door. To get more mine as well. Lately, he’s been of artist editions. The exhibit will The Artist, a modern take on the JUST DUCKY: Rouge Tomate’s duck à la information and to register, call highlight limited-edition photographs, trolling for deals. Here are three plancha. (212) 885-7239 or visit silent movie, is among his recent etchings, lithographs and screen prints. favorites. “It’s a really poignant standouts he’s persuaded me to try. www.manhattancc.org. The free event will take place at the gallery, 92 Wythe Ave., Brooklyn, from story and very relevant to today CIANO: Bob and I are seated in marbling of everyday porkers. WEDNESDAY, FEBRUARY 1 6 p.m. to 9 p.m., and the exhibit will because it tackles how THE NEW YORK TECHNOLOGY COUNCIL front of the glass-wrapped hearth, I could say my eyes fill with tears. I run through Feb. 26. To get more continuous changes in technology flames leaping,light streaming from could say my head hits the ceiling. invites you to its patent reform law information, call (718) 218-8939 or affect how we live,” he said. the skylight above. A captain slices I know I am swooning over the rich- briefing. A panel of experts, including visit www.causeycontemporary.com. Another of his Ted Sabety, principal at Sabety + warm bread and focaccia,bringing it as-Warren-Buffett-ness of it. $49 Associates, will provide practical advice recommendations is Young Adult, to our table in a napkin, with a per person with dessert, tea and tip. on the impact of new patent reform JAZZ AT LINCOLN CENTER a dark comedy that follows a ramekin of truffle-scented butter. One Beacon Court, 151 E. 58th St., presents Tony laws. The seminar will take place at the Award nominee Gavin Creel and fiction writer who tries to rekindle a My crespelle—shimmering crepes (212) 644-0202. CUNY Graduate Center, 365 Fifth Stephen Oremus, the Tony-winning romance with her now-married filled and rolled with ricotta, ROUGE TOMATE: My congenitally Ave., Science Center, room 4102, at 6 music director and arranger of Wicked high school boyfriend. “It’s a really spinach, zucchini and Swiss cranky mindset already disliked p.m. The event is free for NYTECH and The Book of Mormon, for a complex, human story that deals chard—are surprisingly savory, yet Rouge Tomate when it opened in members and sponsors and $20 for performance of alternative rock and nonmembers. To get more information with how life doesn’t meet our as delicate as Bob’s Tuscan bean 2008 as soon as I got wind of the theater tunes. The show will take place expectations,” Mr. Cipolla said. casserole is hearty and filling: a toss premise. Healthy? Raw food? Lo- and to register, visit www.nytech.org. at The Allen Room, 33 W. 60th St., at 8:30 p.m. and 10:30 p.m. Ticket prices The former Washington, D.C., of turnips, smoked fennel sausage cally sourced? What else is new? THURSDAY, FEBRUARY 2 resident also enjoyed The Ides of and herbed garlic breadcrumbs, Even though I found the food rea- range from $35 to $100. To get more The Manhattan Chamber of Commerce information and to purchase tickets, March, a tale of a presidential with only a small trail of excess oil sonably edible, I had never been MOBILE FOR and Microsoft invite you to visit www.jalc.org. campaign. “You see what goes on marring the rustic perfection. drawn back.Now,with the arrival of BUSINESS 101: GETTING STARTED AND —suzanne panara behind the stories you see [in the My secondi—fusilli scantily Peter Esmond from Per Se as direc- STAYING AHEAD OF THE CURVE IN 2012. dressed with ragu of braised veal and tor, the menu has evolved. The seminar will teach attendees how to news],” he said. sync multiple devices and make the most To view Crain’s classified events listings, —THERESA AGOVINO smoked pecorino—is good enough, I invite my friend Naomi to try go to www.crainsnewyork.com/events restrained and simple, compared the $29 three-course Business of their devices for the short and long with chef Shea Gallante’s typical Lunch. As is often the case these term.The event will take place at Microsoft, 1290 Sixth Ave., #M203, pasta opera. But the roasted egg- days, the bread, served with eggplant from 5:30p.m. to 8 p.m. It is free for plant “Amatriciana”—layered with a spread and herb-infused butter, is chamber members and $15 for smart tomato sauce including pig too good.Carrots are tricky.They re- nonmembers.To get more information jowl and pepperoncini,and crowned quire a balance of oomph to avoid a and to register, call (212) 473-7875 or with broccoli—is a masterwork. carroty sludge. Here it’s curry, co- visit www.manhattancc.org. Bosc pear sorbetto with biscotti and conut milk and Greek yogurt that en- Tahitian vanilla panna cotta with liven today’s soup. I smell black truf- THURSDAY, FEBRUARY 2 blueberry compote are more suit- fle oil, too, but happily,I can’t taste it. The New York City Economic Development Corp. presents the able finales than Valrhona hot Naomi’s Greenmarket Broccoli seventh annual NYCEDC NEW MARKETS chocolate with “malted marshmal- Salad is a pleasant toss of Satsuma TAX CREDIT CONFERENCE. The low.” I’d prefer that for breakfast mandarins, sesame seeds and red conference will include a new market myself. $35 per person with tip. 45 E. watercress. The peanuts don’t need tax credit primer and three panel 22nd St., (212) 982-8422. to be candied, and I would gladly discussions. It will take place at Pace LE CIRQUE: For months, the dis- lose the loose plop of peanut University, Schimmel Center, 3 count lunch zealot has been calling mousse.But we’re both pleased with Spruce St., from noon to 5:30 p.m. The with raves for the $28 two-course her Alaskan spot prawn agnolotti in cost to attend is $35. To get more information and to register, visit Cafe menu in the bar at Le Cirque, kohlrabi with watermelon radish ctrus ra www.nycedc.com. beseeching me to join him. I was and teensy honshimeji mushrooms suddenly feeling a lot like Christmas in a ginger-lemongrass consommé. FRIDAY, FEBRUARY 3 PICK OF THE WEEK right after Thanksgiving, so I un- Long Island duck à la plancha tastes NYU Stern School of Business presents tangled myself from the computer. like real food, meaty and rare, the 20TH ANNUAL STERN WOMEN IN THE STUDIO MUSEUM IN HARLEM and Danspace Project “You’ve got to have the butternut alongside baby bok choy and grape- BUSINESS CONFERENCE. This year’s present THE ARTIST’S VOICE WITH ISHMAEL HOUSTON-JONES. squash soup,” Bob says. “And fruit-apple compote with a sweet- conference, “Leading With Purpose, The New York-based choreographer and movement artist the Caesar.” and-sour ginger gastrique dribbled Making an Impact,” will give attendees We get the complete royal soup on the plate. insight into the values and motivations will reflect on his work and practice over the past three service: a captain pouring really hot, Given a finale of chocolate- that inspired women across various industries to become successful leaders. decades in a conversation with internationally acclaimed exquisitely seasoned purée atop glazed gingerbread with soy choco- The afternoon keynote speaker will be visual artist Wangechi Mutu. The event will take place at The huckleberry chutney and a quite un- late gelato, and an undisciplined but Arianna Huffington, president and Studio Museum in Harlem, 144 W. 125th St., at 7 p.m. The necessary pouf of sage-infused delicious hodgepodge of honey- editor in chief, Huffington Post Media whipped cream. Chef Craig Hop- roasted pear with chestnut cake Group. The conference will take place event is free; seating is on a first-come, first-served basis. son’s Caesar,a rectangle of slivered ro- crumbs and buttermilk ice cream, at the NYU Kimmel Center, 60 For more information, visit www.danspaceproject.org. maine with a trio of white anchovies it’s definitely a deal on my penny- Washington Square South, from on top and a fried egg on toast along- pincher scale.$48 per person with tip. 9 a.m. to 5:30 p.m. Ticket prices side, is thrilling. Sage chantilly is not. 10 E. Sixth St., (646) 237-8977. I order the Mangalitsa pork- MON. TUES. WED. THURS. FRI. SAT. SUN. and-bacon burger.This Hungarian- Copyright © 2012 by Gael Greene. 1.30 1.31 2.1 2.2 2.3 2.4 2.5 born breed is known for double the Syndicated by www.insatiable-critic.com.

22 | Crain’s New York Business | January 23, 2012 20120123-NEWS--0023-NAT-CCI-CN_-- 1/20/2012 6:18 PM Page 1

THE CHEAT SHEET WEEK SOPA, PIPA and the day the Web stood ON THE still. Why techies said “argh” to antipiracy

WEB efforts in Congress. istockphoto SOPA? PIPA? HUH? The Stop Online Piracy Act and the Protect JAN. 16-22 Intellectual Property Act are federal measures designed to combat foreign sites peddling pirated content. The legislation would empower CRAINSNEWYORK.COM copyright holders and the U.S. Justice Department to seek court orders forbidding U.S. advertisers and payment systems to interact with the websites or even shutting down the sites. SOPA is a House bill, while bleak week for New PIPA is in the Senate, where New York’s very own Sens. Charles York employment, as Schumer and Kirsten Gillibrand were among some 45 sponsors early two reports delivered last week. A WHY ARE SO MANY TECHIES TICKED OFF? Technology companies insist blows to the city’s economic outlook. that internally policing all user-generated content would be insanely expensive. Further, they say the law would invite website censorship and First, a state tally showed squelch innovation, deterring potential investors skittish over new risks. that all the jobs New York istockphoto HOW’D THEIR PROTESTS FARE? Popular websites like Wikipedia and City gained in November were lost in December, as 8,000 private-sector posts disappeared. Reddit went dark for a day last Wednesday. Google, Craigslist, The city’s unemployment rate is now 9%, compared with 8.5% for the country; worse, our 2% Wired.com and Tumblr interrupted Web surfers with pop-ups or rate of job growth has dipped below the nation’s 2.1% rate, according to economy watchers at special effects that implored users to complain to Congress. Politicians real estate services firm Eastern Consolidated. in Washington, D.C., reported being flooded with calls and emails— Second, what employment growth there is here is expected to come mainly from lower- and several publicly backed away from SOPA and PIPA before day’s end. New York’s tech community gathered in midtown to protest, where paying jobs over the next two years.The Independent Budget Office said the industries creating Reddit co-founder Alexis Ohanian dubbed the intellectual property the most jobs through 2013 all have average salaries below the city mean of $77,997. protection effort “wholesale destruction of one of the healthiest parts of About 15,000 jobs are expected to be created in health services, where salaries average America’s economy.” roughly $54,900 a year. About 10,000 jobs should be added in education ($52,600 average) and SO, ARE THE BILLS DEAD? Hardly. Powerful publishers and producers of 7,000 in social assistance ($27,800). news and entertainment content—including News Corp.,Time Warner The average salary is even lower for workers in the leisure and hospitality industry, which Inc. and Walt Disney Co.—are pushing back with their own media campaigns.The Motion Picture Association of America, headed by should generate 19,600 jobs over the next two years. Food service and drinking places are former Connecticut Sen. Chris Dodd, insists that billions of dollars are at expected to add 15,000 of those jobs at an average salary of just $24,050, though tips, of course, stake. Stay tuned for Hollywood’s version of a political sequel. can increase take-home pay. —ali elkin

INSIDER-TRADING ACCUSATIONS ENSNARED SEVEN PALS FROM NEW YORK, BOSTON AND CALIFORNIA who were charged for a plot that earned them more than $60 million, federal prosecutors said. Not-so-fun fact: The nab includes the largest alleged insider-trading transaction ever prosecuted—a single trade in shares of Dell Inc. said to have netted $53 million. … KODAK EXPOSED ITSELF TO BANKRUPTCY COURT. The photography pioneer, long based in Rochester, N.Y., plans to restructure under Chapter 11 as a player in inkjet printers. Slammed by digital competitors here and abroad, Kodak has been unable to sell 1,000-plus imaging patents to offset its losses. … THE FAT LADY SKIPPED HER ARIA. New York City Opera will eke out a season after all, as its labor lockout with singers and musicians came to an end and rehearsals began for La Traviata.…YODLE EXPANDS INTO CANADA, EH? Manhattan-based online marketer Yodle is partnering with Toronto-based wireless company Rogers Communications to help push more of Canada’s small and midsized businesses online. Only 45% of such businesses above the border have websites. … ANOTHER SHRUNKEN SIGN OF THE TIMES ON WALL STREET: Morgan Stanley is limiting its bonuses to $125,000 and deferring more pay for its most-senior executives, according to Bloomberg News. Over the past few years, the investment bank has upped the percentage of deferred “performance-based compensation” to 75% from 40%, although Morgan Stanley workers who make less than $250,000 a year are exempt from such forced delays of their pay. … A VC GROWS IN BROOKLYN. Local tech investor Charlie O’Donnell is starting a venture capital fund to provide seed money to tech startups, with a focus on Brooklyn-based firms. His Brooklyn Bridge Ventures will provide between $300,000 and $500,000 to startups. Cashing in on the sizzling Brooklyn brand probably won’t hurt the business, either. —ali elkin

HOORAY! OY VEY! THANK THE NEXT RUPERT TOURIST you trip MURDOCH’S U.K. over on the street. newspaper unit Visitors to NYC agreed to pay off 36 helped boost holiday victims of its scandal foot traffic in city sheets’ phone-hacking shops by 4.7% efforts, forking over versus a year ago, $200,000, for while the U.S. figure instance, to actor dropped 3.1%. Jude Law.

January 23, 2012 | Crain’s New York Business | 23 CN014921 1/18/12 5:15 PM Page 1

DO YOU HAVE WHAT IT TAKES TO BE AT THE HEAD OF THE PACK?

HOW FAST ARE YOU?

Find out by nominating your company for inclusion in Crain’s inaugural list of the 50 fastest-growing companies in the New York area, to be published on June 25, 2012. Even in an economic downturn, New York’s businesses know how to keep pace. New industries like digital media emerge, creating new opportunities, and established companies seek out new markets and devise new strategies to stay on top. Crain’s wants to identify the front-runners who’ve thrived on the challenge. Will your company make the cut? APPLY TODAY at www.crainsnewyork.com/fast50 NOMINATIONS CLOSE FEBRUARY 24, 2012