Guv Preps for Second Act Hospital’S INDEX Takeover Ous—That the Worsening Budget SMALL BUSINESS ______9 Cuomo Won Big in His Rookie Year

20111121-NEWS--0001-NAT-CCI-CN_-- 11/18/2011 8:45 PM Page 1

INSIDE THE 125 TOP STORIES LARGEST Fundraising PRIVATE scandal puts Liu’s COMPANIES future in jeopardy ® THE INSIDER PAGE 8 PAGE 16 EDITORIAL PAGE 10

NBA VOL. XXVII, NO. 47 WWW.CRAINSNEWYORK.COM NOVEMBER 21-27, 2011 PRICE: $3.00 strife has MSG deflated PAGE 2 Big Brothers, where art thou? Mentors for city kids needed PAGE 3 Rental-apartment websites flood into hot market PAGE 3 MR. MAYOR? John Catsimatidis has the What city retailers billions to campaign for the job he sought briefly are stocking up on in 2009. Does he still for the holidays want it in 2013? PAGE 2 THAT DARN CATS! BUSINESS LIVES The inimitable John Catsimatidis is expanding his empire GOTHAM GIGS BY LISA FICKENSCHER former warehouse is ancient and ecutives’, is cluttered with foot- #8 temperamental. Instead of art- high stacks of papers. Serving seniors on Thanksgiving P. 33 ON THE CRAIN’S Red Apple Group’s gritty head- work, newspaper circulars and ad- “We are just short of hoarding LIST, Red Apple quarters on 11th Avenue and 56th vertising specials from the firm’s here,” joked his assistant, Matt ● ANNE FISHER How to Group owns supermarkets, Street does not even hint at the vast Gristedes supermarket chain line Wanning. help Asian-Americans refineries, real fortune controlled by the compa- the reception area walls. And Mr. Mr. Catsimatidis’ $4 billion em- get ahead P. 33 estate, biotech and more ny’s owner, John Catsimatidis.The Catsimatidis’ desk, which stands in pire includes vast real estate hold- ● MOVERS & SHAKERS Page 16 cramped elevator in the six-floor an open room alongside other ex- See CATSIMATIDIS Page 14 AvalonBay’s new

development head P. 34 buck ennis ● GAEL GREENE A French spot in Chelsea P. 35 Guv preps for second act Hospital’s INDEX takeover ous—that the worsening budget SMALL BUSINESS ______9 Cuomo won big in his rookie year. deficit was a symptom of the state’s VIEWPOINT ______10 A repeat performance won’t be easy economic woes, that nearly questioned NEIGHBORHOOD JOURNAL ______12 800,000 New Yorkers are out of

REAL ESTATE DEALS ______23 Democratic Party last week, short- work, and that Wall Street bonus- BY JEREMY SMERD ly after the administration released es are unlikely to provide the last- CLASSIFIEDS ______24 As details emerge, its sobering midyear financial up- minute revenue that has bailed Al- FOR THE RECORD ______28 The state’s more than $3 billion date. “We have a problem that is bany out in years past. Peninsula rescue HOT JOBS ______33 gap for next year is the least of Gov. worse than a budget No, the manager-in-chief was attracts scrutiny EXECUTIVE MOVES ______33 Andrew Cuomo’s worries. gap,which is a stalled managing expectations. He was

THE WEEK AHEAD ______35 “I wish we only had a budget economy.That’s the also laying out his argument gap,” he told members of the state problem.” against raising taxes. BY BARBARA BENSON As the leader of A year ago, Mr. Cuomo the state’s Democra- waltzed into office determined to So, just who is running bankrupt tic Party, Mr. Cuomo show New Yorkers that he could Peninsula Hospital Center? State was make state government regulators have demanded details not work. Thanks to his of the Queens hospital’s gover- sim- disciplined and cal- nance structure in the wake of a ply say- culating style, he Nov.7 Crain’s New York Business ar- ing the succeeded beyond ticle that probed ailing Peninsula’s NEWSPAPER

newscom obvi- See GUV on Page 30 See PENINSULA on Page 31 20111121-NEWS--0002,0003-NAT-CCI-CN_-- 11/18/2011 8:32 PM Page 1

IN BRIEF Revenues dribbling away GOOD NEWS FOR FANS OF DUMBO’S FORAGERS MARKET—THE BUSINESS IS expanding to Manhattan. Six-year-old, family- owned Foragers, which made a name for itself by stocking lots of locally sourced items, as NBA lockout continues recently signed a 15-year lease for 5,700 square feet on the ground floor of the five-story Gem group at MPG North Amer- to reach revenue-sharing Hotel at 200 W. 22nd St. in Chelsea. Foragers’ Madison Square ica. “They certainly jeopard- and salary cap agreements Manhattan outpost, which will double as a ize their ability to pick that up, that would have reduced the restaurant, should be open in January. Foragers’ Garden, for one, whenever they come back.” disparity between teams that owner, Anna Castellani, who gets much of her make money and the major- produce from her family’s own farm in Canaan, stands to lose Knicks’ momentum shot ity that don’t. The players’ N.Y., is already gearing up to increase capacity. The Knicks had an espe- union disbanded and moved She hopes to open other Manhattan locations millions in ad dollars cially good season, reaching the battle to the courts. in due course. the playoffs for the first time The season now won’t BY MATTHEW FLAMM since 2004, powered by ex- start until Dec. 15 at the ear- THE NATION’S ECONOMY MAY BE PICKING UP pensive new stars Amar’e New start liest.At some point,depend- STEAM, IF ANALYSTS’ FORECASTS ARE Basketball fans face a rough winter, as last Stoudemire and Carmelo ing on its contract provi- anything to go by. A number of economists week’s collapse in negotiations between Anthony. date: Dec. sions, the MSG Network have raised their forecasts for fourth-quarter the locked-out players and the National The Garden, which is go- will need to start coughing gross domestic product to 3% or more, which Basketball Association seems to spell ing through a complete ren- 15 at the up affiliate-fee revenues. would clock in as the fastest growth in 18 doom for the year. But for businesses ovation,raised Knicks season It’s already losing out on months. Economists at JP Morgan Chase & whose finances depend on the game, from ticket prices for the first time earliest advertising dollars. New Co. now see GDP rising 3% in the final sports bar owners to the Madison Square in six years;more than 90% of shows culled from MSG’s quarter, while Morgan Stanley & Co. boosted Garden Co., there may be no seasonal ticket holders renewed. Ana- archives, like Knicks Greatest its outlook to 3.5%. Consumers appear to be cheer at all. lysts had expected a strong Rivalries, won’t have the ap- behind the renewed strength, according to Organizations representing New York fourth quarter,but some end- peal of a live game, nor will newswire reports. Despite turmoil in world area bars and restaurants said last week that ed up downgrading MSG’s stock on fears hockey, no matter how well the New York financial markets, they have not cut back on the 30 games canceled so far have cost of missed games as the July lockout Rangers are playing. spending, forcing companies to rebuild them $40 million in sales. Receipts for dragged on. “Advertisers tend to look at that inventories. Ⅲ many establishments have been down Those fears have come to pass.The two [Knicks] money as sponsorship money, close to 30%. sides stopped talking last week after failing and may not reinvest it,”said a local broad- For MSG, a year cast media buyer. “The BY THE NUMBERS without basketball Rangers will pick up a would wipe out mil- EXPENSIVE KNICKS fraction of it.” STARS: Carmelo

Weekly shift of the city’s economy lions in advertising dol- Anthony (left) and A spokesman for buck ennis

lars and affiliate fees Amar’e Stoudemire. MSG declined to com- GOOD NEWS BURIED Jobless claims fell to from cable and satellite ment. seven-month lows, housing starts beat forecasts and retail sales rose, but Europe’s meltdown distributors, in addi- trumped ’em all. tion to lost sales of New $100 million at stake York Knicks tickets. In a research report And that’s not in August, Stifel Nico- 90K 10.7 248M counting the damage to laus analyst Benjamin TOTAL NYC hotel PERCENTAGE of TURKEYS RAISED the NBA’s reputation Mogil estimated that a rooms by end of all Oscars in the U.S. this following a strong lost NBA season would year, a record ceremonies year 2010-2011 season that cost MSG around $100 Source: Mayor (incl. 2012) Source: U.S. brought in $802 mil- million in earnings be- Michael Bloomberg hosted by Billy Department of Crystal Agriculture lion in national ad rev- fore interest and taxes, enue, up 8% from the about half from ticket prior year, according to sales and the rest from SLIMMING HERDS This year has already seen the Kantar Media. All that advertising and affili- announcement of large-scale layoffs by a number of momentum may be ate-fee refunds. financial firms, including 2,000 jobs axed at UBS last week. lost, too. For the first six “Since Michael Jor- months of 2011, MSG BANK OF AMERICA 36,000 dan left the league [in had revenue of $564 CITIGROUP 3,000 2003], it’s been a chal- million,up 6% from the lenge to get to where year-earlier period. UBS 2,000 they were last year,” Because it is built WELLS FARGO 1,900 said Jeff Gagne,head of around the Yankees,

the sports-buying newscom See NBA on Page 29 GOLDMAN SACHS 1,000 Sources: Challenger Gray & Christmas, UBS

ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY ALL I WANT FOR CHRISTMAS

CORRECTIONS: SHOPPERS, OPEN YOUR WALLETS! WARM UP WITH FUR. COLOR ME CASHMERE. Cashmere sweaters Mark Sylvestri continues in his role as an industrial and Apparel analysts say in brightly colored hues are always in vogue. transportation sector fundamental equity analyst at SES This Friday officially kicks that fur accessories, But these days, there’s more variety than Partners. The Nov. 7 “Executive Moves” incorrectly attributed a ranging from a pom- ever. New York newcomers such as job change to Mr. Sylvestri. off the holiday selling sea- pom on a hat to a full Canadian superstore Joe Fresh Max Berger recently left his job as an organizer for the American son. Because spending is Dream Movement. The Nov. 14 story “Movement takes a new scarf, are all the rage and old-timers like Lord & direction” misstated his current role with the organization. expected to be muted, this season. For PETA Taylor both offer the David Moricca did not contact big companies to market his sympathizers, many luxurious sweaters in a business, BreakoutBand.com, prior to his participation in the inching up just slightly over designers offer more moderately priced faux- broad spectrum of PepsiCo10 business incubator. The Nov. 14 article “Startup fur versions. “Products that do best are prices and styles. Try a business incubator refreshes PepsiCo10” misstated this fact. last year, stores will compete on price and quality. products without size—like a scarf—so V-neck (Joefresh.com; vol. xxvii, no. 47, november 21, 2011—Crain’s New York Business (issn people don’t have to return,” said $69) or a sweatshirt 8756-789x) is published weekly, except for double issues the weeks of Roseanne Morrison, fashion director of (Lordandtaylor.com; July Fourth, Labor Day and Christmas, by Crain Communications Here is a sampling of Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid at retail consultancy The Doneger $129.99). New York, N.Y., and additional mailing offices. Postmaster: Send the must-have items on Group. Most coveted items include address changes to: Crain’s New York Business, Circulation Department, a fake fur throw (Potterybarn.com; 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber serv- many consumers’ JAZZ UP YOUR TECH TOY. With the influx of ice: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one $119) or a raccoon scarf by smart phones, tablet devices and music year, $179.95 two years. (GST No. 13676-0444-RT) wish lists. designer Adrienne Landeau players hitting the market, many designers ©Entire contents copyright 2011 by Crain Communications Inc. All rights reserved. —Adrianne Pasquarelli (Bloomingdales.com; $350). and retailers are capitalizing on colorful

2 | Crain’s New York Business | November 21, 2011 20111121-NEWS--0002,0003-NAT-CCI-CN_-- 11/18/2011 8:32 PM Page 2

Rental sites are hot Services in demand as NYC apartment market surges

BY AMANDA FUNG

David Repking is currently wrap- ping up his lease for a one-bedroom apartment on the Upper East Side for roughly $2,500 a month. After two months of browsing on Craigslist.com and a few brokerage websites, the 23-year-old found exactly what he wanted on In- sideDigs.com, a quasi-social-network site that connects apartment hunters with current apartment oc- cupants, who provide the inside scoop on their pads—including details on availability. “The site filters through the mar- REACHING OUT: BBBS Executive Director keting hype,”said Mr.Repking,who Hector Bastita is combing the Bronx for more mentors of color. is relocating from Connecticut.

buck ennis “Normally, when owners post an apartment, they gloss over everything.” Lately, sites promising to make landing an apartment easier and cheaper are TIGHT OH, BROTHERS becoming hot proper- males, many of whom—according year-old nonprofit, the oldest and going through our extensive ties them- Kids mentoring to new research from BBBS—have largest youth mentoring organiza- screening process to be a mentor, selves. With- 1.0% group goes hunting a tradition of getting a trim and a tion in the United States. After tak- people realize they have to travel an in the past 18 VACANCY rate for dose of male bonding at the local ing the reins a year ago, Mr. hour to get to the children and that months, at Manhattan rental for funds and barber on Saturdays. Batista—the first Hispanic leader of presents a problem.” least a half a apartments The goal: finding more mem- the nonprofit—is embarking on its Mr. Batista has his work cut out dozen web- minority volunteers bers of this group to be mentors, or initial five-year strategic plan,ramp- for him.Like nearly every nonprof- sites have “Bigs,” to the underprivileged chil- ing up fundraising, opening offices it, especially in the social services launched. All face the same chal- BY MIRIAM KREININ SOUCCAR dren the nonprofit serves. outside of Manhattan,and making a sector,BBBS was hit hard by the re- lenges: convincing renters to ditch “If our kids have people that push to find more male mentors of cession and is still digging out.The brokers, while at the same time For the month of January, barbers look like them and can relate to color who live in the same boroughs number of corporate sponsors has standing out in a field that now across the Bronx will don Big their experiences, it helps,” said as the children they help. dropped to 40, from 57 in 2008. boasts 30 sites. Among them are Brothers Big Sisters of NYC T- Hector Batista, executive director “We have a large percentage of And its annual operating budget well-established players like shirts and plaster the nonprofit’s of BBBS’ New York chapter. kids in outer boroughs and a large plunged to around $7 million in Streeteasy.com, which also lists posters in their store windows. It’s The campaign is part of Mr. percentage of volunteers in Man- 2009, from $10.5 million in 2007 apartments for sale—and the long- all part of the organization’s effort Batista’s strategy to raise the profile hattan,” said Tawana Tibbs, BBBS before the recession hit. In the last time (by Internet standards) go-to to catch the attention of Hispanic and expand the reach of the 106- board president. “Sometimes, after See BIG BROTHERS on Page 29 site for apartment searchs, Craigslist.com. “We want to be the No. 1 source for renters,” said Sharif Fakhr, who created InsideDigs 10-months ago with more than $10,000 out of his own pocket. So far, the free peer-to- cases in everything toddler?—parents might want to SLIP THESE ON. In a nod to old movie peer site with its 1,000 apartment from polka dots and consider the educational toy tablet. characters like Nick and reviews has garnered 2,700 regis- stripes to photographs “The toy industry always reflects Nora and C.K. Dexter tered users. of celebrities and loved adult culture, so it’s no surprise,” Haven, at-home- Dodging the fees ones. Marc by Marc said Chris Byrne, content director entertaining Jacobs currently sells a at Timetoplaymag.com. Children can wear is quickly The city’s booming rental market wetsuit-inspired iPad use such devices to play learning becoming a is driving a surge of traffic to the new sites. With Manhattan vacancy case made out of games for reading and logic skills, popular category. Slipper shoes, rates hovering around 1%, and aver- rubber foam and take pictures. Two reasonably which can be worn indoors while MONOGRAM IT, PLEASE. Personalized age monthly rents hitting $3,491 in (NeimanMarcus.com; $48), priced versions engaging guests or out on gifts, such as handbags, suitcases the third quarter—up 7% from a while Jack Spade is offering are available, the streets on a cold, dry and shoes with monogrammed or year earlier, according to recent re- a manly faux-wood iPhone including day, are a fashionable engraved initials, are a way of ports—apartment seekers are in- cover (Jackspade.com; LeapFrog’s choice. Try a pair in showing someone that you spent creasingly eager to avoid paying bro- $40). LeapPad luxurious velvet extra time planning a gift. Chris Burch, ker fees that range from one month’s Explorer (Stubbsandwootton.com; owner of the C. Wonder boutique that rent to 15% of a year’s rent. Mount- KIDS LIKE TABLETS, TOO. (Toysrus.com; $99.99) $400) or the trendier, and recently opened in SoHo, reports that ing criticism of Craigslist as unreli- Since most kids want to and VTech’s InnoLab less costly, leopard-print personalized belt buckles ($28) and able are also helping to drive traffic. emulate adults—who hasn’t Learning App Tablet (SteveMadden.com; handbags ($68 to $88) are some of Even some in the industry’s given a broken cellphone to a (Walmart.com; $79). $119.95). his best-selling products. Ⅲ brick-and-mortar crowd are seeing See RENTAL SITES on Page 30

November 21, 2011 | Crain’s New York Business | 3 20111121-NEWS--0004-NAT-CCI-CN_-- 11/18/2011 5:35 PM Page 1

Forget the budget. New Yorkers IN THE MARKETS plan to party this holiday season by Aaron Elstein

Corporate bookings “[The year] 2009 was terrible,and “The trend is downward, and last year wasn’t much better,” Mr. we’re seeing that once a company rise, defy U.S. trend Weinstein said. “But now we’re does away with them, parties rarely booking a lot of events. We’re not get back in the budget,” said Dale quite back to where we were before Winston, Amrop Battalia Winston’s BY MIRIAM KREININ SOUCCAR [the recession] started but we’re get- chairwoman and CEO. “Some ting close.” young people entering the job mar- Corporate holiday parties are out of Yet the local picture appears to be ket may never see a corporate holiday favor around much of the country an anomaly, judging by an annual party.” this season, but not so in New York survey by Manhattan-based execu- Nearly half of the 26% of compa- City. Many local venues, particularly tive recruitment firm Amrop Battalia nies not holding a party this year said high-end establishments, report that Winston. It shows that the number they didn’t have the budget for one, they are still packed with events. of corporations nationwide that are while 37% said that partying would wide world photos wide

At Gotham Hall,a large Manhat- be inappropriate in this troubled eco- /

tan venue, nearly every night is nomic environment.Nearly 20% said ap booked with a corporate party start- ‘We’re not quite that their employees were simply not ing the Monday after Thanksgiving that interested in attending corpo- Hold the Mayo? Good luck with that and continuing through Dec. 21. back to where rate parties. Alan Kurtz, managing director of For those who opted to throw a ike Mayo has been a thorn in the banking industry’s Gotham Hall, said he booked the we were, but party, 53% said it was to build em- side for 20 years, first as a regulator and then as a holiday parties in March or April for getting close’ ployee morale, while 32% said it was tell-it-like-it-is analyst at such firms as Lehman the coming season,and back then the to celebrate having a good year.A full MBrothers Credit Suisse CLSA economy seemed more stable. 15% wanted to show employees and , and now . He’s been urging “Booking these parties with a clients that they were optimistic investors to sell bank stocks more or less continuously since good lead time gives us an advantage about next year. 1999, a fantastically contrarian—and accurate—call, it turns in the sense that you’re not so behold- For those having parties however, out. Mr. Mayo, 48, recently wrote Exile on Wall Street,a en upon the market fluctuations as to throwing holiday parties has reached the days of over-the-top extravagan- whether a company is doing a holi- an all-time low. The firm has been zas are over for the now. More than memoir and call to reform the nation’s financial system. day party or not,” Mr. Kurtz said. conducting the survey for the past 23 three-quarters of the companies hav- “They’ve made their decision years. ing parties said they were for employ- Q: What would it take to change what I think works well, look at the months ago.” Only 74% of the companies ees only, and 40% of the fetes were your bearish stance on banks? Sarbanes-Oxley law in 2002. It suc- Michael Weinstein, president of polled will have parties this year, lunchtime affairs. A: There are still several reasons ceeded in one simple thing: forcing Ark Restaurants,which owns Bryant down from 79% in 2010, and 81% in “Holiday parties of a few years ago to be concerned.First,this should be CEOs to certify their books. We Park Grill and Robert at the Muse- both 2009 and 2008. An all-time are very different from now, as far as the worst year since 1938 for bank need more reforms like that. um of Art and Design, among oth- high of 97% was recorded in 1996 the tone is concerned,”said Mr.Kurtz revenue growth; next year doesn’t Q: Do you think regulators are ers, is seeing a similar rosy picture. and 1997. of Gotham Hall. “We used to have look much better. And of course I’m up to the task they face? Bookings were actually up slight- A cross-section of 120 companies name entertainers at events,but those watching events in Europe. A: It’d be nice to have a strong ly this year, he said. was polled. are few and far between now.” Ⅲ Q: Are banks changing the prac- tone set from the top. That is a job tices that got them into trouble? for the treasury secretary, the chair- A: The chief problems—those man of the Federal Reserve or the involving corporate governance, president: to say we want a capital- compensation and incentive ist system but we also have to abide schemes—are all still with us. by some key principles. Q: What are some of the ongo- Q: There’s a halo around Jamie ing problems with banker pay? Dimon of JPMorgan Chase. You’ve A: Look at Citigroup’s package for had your past disagreements with CEO Vikram Pandit.It rewards him him.What do you make of him now? tens of millions in 2014 if he can grow A: What he does well is disclose York’s business community when state earnings in 2012.Those earnings can information that people want to expanding the office’s powers, which be manipulated in a million ways:He hear about. During 2007, his bank After the city’s bedrock financial sector tanked in could make a lot of loans, change was the first to highlight problems

scrambling for the city’s blessing to build a campus pension plan assumptions—a lot of with home equity loans.I remember Crain’s

past Silicon Valley as the world’s leading tech center, levers you could never identify. his head of retail banking spoke at a

city’s offer of land on Roosevelt Island, Governors It’s enough to make a New Yorker look Then look at Robert Kelly, the conference and said some unpleas- former CEO of Bank of New York Mel- ant things; I thought the retail head lon. He left with a $30 million pack- would get fired afterwards. But the age because it was said he couldn’t CEO didn’t shoot the messenger get along with the board. Well, he and that sent a really strong message was incentivized to not get along. throughout the organization that, Choice A: Don’t get along with while they had problems,they’d deal board and get paid $30 million. Or with them and employees wouldn’t B: Get along with everyone, deal be penalized. That said, the stock with lawsuits and increased regula- price has not done very well—like tory oversight and get paid less. all the banks—over the last several The problem with these incen- years. You could say they’re the best tives is not just the message they house in a bad neighborhood. send to employees, but also to other Q: Goldman Sachs? banks, to other industries and to A: The way they managed their countries outside the United States. capital through the financial crisis Q: Does new regulation help? was the best in the industry. But A: I like the Dodd-Frank law’s they’ve done an equally bad job man- concept of less risk at banks, but it aging their reputation.The worst ad- will be a terribly complicated law to vice they probably ever gave to any execute with its hundreds of pages of company was to themselves in how to rules. To give you an example of handle their reputation problem. Ⅲ

THE NUMBER OF PLANNED JOB CUTS announced by major U.S. banks through October, according to outplacement firm Challenger Gray & Christmas. That’s more than double 54,510 the 21,000 sackings over the same period last year. 4 | Crain’s New York Business | November 21, 2011 Project12:fp template.qxd 11/8/11 2:15 PM Page 1

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NEW YORK,NEW YORK edited by Valerie Block

A conservative approach, in writing onservative hit man James CO’Keefe, who used Candid Camera tricks to shake up National Public Radio and take down advocacy group Acorn, has a new project up his sleeve. He’s looking to write a book, according to publishing industry sources. ¶ His agent, Alexander Hoyt, began talking to editors last week. ¶ Mr. O’Keefe won acclaim in conservative circles in 2009 for posing as a pimp with his hooker and secretly videotaping encounters that supposedly showed Acorn staffers offering illegal getty images advice to the couple.The tapes were eventually found to have been misleadingly edited.The young activist used similar tactics to bring down a top NPR fundraiser last spring. ¶ Mr. Hoyt denied that he was “shopping” anything. He and Mr. O’Keefe are “talking about a possible book,” he said. “We’ll have a better idea [of what it is] in the coming weeks.” ¶ Conservative houses are getting ready for a busy book-selling season, heading into the 2012 election. One challenge will be finding time between major events, when the titles can get enough attention. ¶ “People are trying to get their books published between now and the primaries, and between the primaries and the election,” said one publisher. “It’s a very exciting time.” —matthew flamm

children become doctors and Group Israel. lawyers.That clouds the future of The 2-year-old firm will now JOIN CRAIN’S the one-block district on West be able to expand its mobile app 47th Street, which still dominates business to Android and other op- the business of cutting large erating software—it currently of- ADVISORY stones. Small-stone cutting has fers an iPhone app—and upgrade largely moved overseas. its technology, allowing diners to Michael Grumet, who runs purchase deals directly from Bite- the 47th Street Business Hunter rather than from third par- PANEL Improvement District, said that ties like Groupon and Livingso- “some training money is available cial. from the city.” “We want to make life easier for The executive has a few other users, to be a one-stop shop,” said items on his wish list, among BiteHunter co-founder and Chief them redubbing the subway Executive Gil Harel.The new fund- station at West 47th and Sixth ing will also help the six-employee Avenue “Rockefeller Center firm personalize deal offers for fre- Diamond District,” and getting all quent users. Looking for readers to share or part of the $3 million it would —lisa fickenscher take to replace the block’s grimy views and opinions. sidewalks with self-cleaning istockphoto photocatalytic pavers. A new streetscape, Mr. Grumet said, GIVING AND Multifaceted would encourage landlords to spiff GIVING BACK up their own buildings. initiative “We want government support VINEYARD VINES, in partnership Diamond district officials are in for capital improvements,” he said. with the Robin talks with the Bloomberg —erik engquist Hood Foundation, administration and a major will donate 100% of nonprofit to establish a training the proceeds from Sign up for FREE today. program for stonecutters.The Hunting down sales of its limit- occupation is something of an some funding ed-edition Robin www.crainsnewyork.com/advisory economic anomaly: It doesn’t Hood silk neck- require a high school education, it BiteHunter, a tiny online ties and canvas restaurant deal aggregator based CRAIN’S NEW YORK BUSINESS pays $50,000 to $500,000 a year totes to help (depending on the skill of the in the West Village, just raised needy New York- worker), yet government help is $550,000 to help it turn aggressive ers this holiday needed to keep the profession growth plans into reality.The season. The alive. money comes from two seasoned items are avail- The specialty used to be passed angel investors, Avraham Kadar,a able at down from generation to pediatrician and entrepreneur, and vineyardvines.com. generation, but today’s aging Eyal Chomsky, chief executive of stonecutters would rather see their advertising firm Grey Global

6 | Crain’s New York Business | November 21, 2011 Project4:fp template.qxd 11/17/11 11:59 AM Page 1

"I'm an oﬃce cleaner; a mother, a grandmother..." “I’m A New Yorker, Just Like You” Fadila Mrkulic, Oﬃce Cleaner, Manhattan.

Fadila Mrkulic works hard every day cleaning and maintaining a multimillion dollar high-rise in Midtown Manhattan. She supports her daughter and her 16-month-old grandson.

Fadila and thousands of other oﬃce cleaners across the city are negotiating with the multibillion dollar real estate industry for a new contract. A good contract will help Fadila and her family remain a part of the middle class. This is good for all of us. GOOD JOBS BUILD STRONG COMMUNITIES

32BJ SEIU www.standwithbuildingworkers.org 101 Avenue of the Americas, New York, NY 10013 20111121-NEWS--0008-NAT-CCI-CN_-- 11/18/2011 7:23 PM Page 1

and 10 protesters injured, though photographers captured numerous images of bloodied protesters. LIU SUPPORT THE INSIDER “This is Propaganda 101,” one insider said. “Who does the mayor Shaken by scandal think he’s fooling?” INSIDERS SAY THE FEDERAL investigation by Jeremy Smerd and Shane Dixon Kavanaugh Mr. Bloomberg and police brass enveloping city Comptroller John Liu’s also questioned the size of a protest fundraising has rattled some of the city’s Thursday night. While reports put Asians, weakened his support among labor the crowd at 32,500, a police groups and shriveled his mayoral prospects official said only 5,000 showed up. in 2013. And when 26 journalists were Liu donor Xing Wu Pan was charged arrested, the mayor’s press secretary Wednesday by federal authorities with declared that only five had “valid John Liu funneling thousands of dollars in illegal NYPD-issued press credentials.” campaign contributions through “straw donors.” “The Asian community right now is looking at Giant union backs itself and thinking, how does this reflect on us?” said an insider with close ties to Flushing’s Chinese and Korean populations. living-wage bill Labor leaders are grappling with the same question, and many believe Mr. The powerful health care workers Liu’s strong union support will quickly swing to Public Advocate Bill de Blasio union, 1199 SEIU, last week threw for the mayoral race. its weight behind the City “Before this happened, the labor community might have split, say, 70% Council’s controversial living-wage for de Blasio and 30% for Liu,” said a Democratic consultant. “But with the bill. Union officials have told City potential of campaign finance fraud committed by the chief fiscal officer of Council Speaker Christine Quinn that the city—you can no longer support the guy.” Mr. Liu has not been charged the bill is a priority for them, labor and has professed ignorance of the alleged donation scheme. OWS protests: eyes Should Mr. Liu not run for mayor, insiders see the rest of his political base sources said. Until now, 1199 had left the burden of securing passage splitting between former Comptroller Bill Thompson and Council Speaker to retail workers union RWDSU. Christine Quinn. Mr. Thompson would likely solidify his support among the of the beholders “We’ve been supporters of the African-American voters who keyed Mr. Liu’s historic election in 2009. Ms. Fair Wages for New Yorkers Act all Quinn could make inroads in Mr. Liu’s base in Queens, where her close s violence and unrest marred Occupy Wall Street along, but the campaign to get the relationship with the county Democratic organization helped her secure the last week, the Bloomberg administration took legislation passed has reached a speakership in 2005. critical phase, and we plan to Mr. Liu’s troubles complicate plans for those who may wish to succeed steps to discredit the movement and justify the strengthen our advocacy,” said him. It may also force him to defend his seat, should he seek re-election. “I city’s response. Following clashes between police George Gresham, 1199’s president. think with each new adverse development in this case, the likelihood of a and protesters Thursday, Mayor Michael The move puts Ms. Quinn in a primary challenge against John increases,” said one political consultant. bind. Allowing a vote on the bill Bloomberg held a press conference at Bellevue Hospital to A source close to Manhattan City Councilman Daniel Garodnick—who A would increase her chances of has $700,000 in the bank and is gearing up for a possible comptroller bid in update the public on the condition of an officer who had winning 1199’s endorsement in the 2013—said the East Side Democrat will continue to fundraise and expand his received stitches for a cut—an injury that would not normally 2013 mayoral race but could cost profile in the outer boroughs. receive attention from City Hall. her support in the business The situation is sure to worsen before it gets better for the first Asian- community. Mr. Bloomberg said protesters “deliberately pursued American elected to citywide office here. “People are wearing wires, for God’s The bill would require most sake,” an insider said. “There are subpoenas being thrown around. It violence” against the police.The NYPD tallied seven officers employers at some projects generally doesn’t stop at this.”

receiving city subsidies to pay $10 something to lose.” an hour plus benefits, or $11.50 without benefits. A Tuesday City Council hearing is expected to Kirsten’s food fight attract droves of supporters and Sen. Kirsten Gillibrand blasted fellow opponents. lawmakers last week for blocking Thirty council members have the Department of Agriculture’s signed on to support the measure, plan to increase the number of which Mayor Michael Bloomberg has fruits and vegetables served with promised to veto.Thirty-four votes school lunches.The proposal would would be needed to override his have cost the federal government veto. $6.8 billion over five years. “This is just ridiculous, period,” said Ms. Gillibrand, who has Tech campus tactic fought for healthier food choices in The Bloomberg administration public schools. “When we should believes that the new way it be taking steps forward to combat negotiates on large projects will the childhood obesity epidemic, produce a better tech campus deal Congress just took a step for the city. In the past, the city backwards.” would routinely sweeten terms for Coca-Cola, the National Potato developers who threatened to Council and the American Frozen abandon projects after being Food Institute opposed the selected and praised at a press proposal. Ⅲ conference. No more. “We keep multiple horses in the race until we reach an actual deal,” an administration source said. “We actually make our counterparties bid on the contract document itself and mark it up. And that’s part of our evaluation.” The source added that when R bidders have skin in the game, “if they walk away or try to kill the deal, they have newscom For daily political and government news, subscribe to CRAIN’S INSIDER @ www.crainsnewyork.com/insider

8 | Crain’s New York Business | November 21, 2011 20111121-NEWS--0009-NAT-CCI-CN_-- 11/17/2011 12:30 PM Page 1

SMALL BUSINESS Crackdown a bad sign for billboards

However, several small business CBS Outdoor declined to com- Mr. Judge, Mr. Malik Owners have to owners in the billboard industry say ment. Richard Schaps, Van Wag- and Mr. Noe said they remove content they believe the city’s zoning laws ner’s CEO, said: “Almost all of our have been asked to take are being selectively enforced. They signs are legal. A handful aren’t.” down signs they believe or pay big fines; claim that two big players in the are legal. fair enforcement? city’s outdoor advertising indus- No more leeway Meanwhile, many try—Van Wagner and CBS Out- Mr. Schaps claimed that some now-vacant billboards STEPPED-UP VIGILANCE is bringing down some billboards. door—aren’t being asked to remove business owners crying foul got per- are attracting graffiti, ac- BY EILENE ZIMMERMAN their illegal billboard content. mits for accessory signs—which can cording to City Council Mr. Sclafani said Van Wagner advertise only the business located member Peter Vallone Jr., D- are allowed to use them for public fter the city’s Buildings and CBS Outdoor “must follow the there—then leased the billboards Queens. He said that although bill- service messages. Department began law like any other company; the al- out for other advertisements. “Now boards can’t be dismantled because “But there is no market for public cracking down on what legations are absolutely false.” the jig is up,” said Mr. Schaps. of free speech concerns, operators services messages,”said Mr.Vallone.Ⅲ it deemed violations of local zoning laws for Abillboards last spring, Marty Judge lost 60% of his business. He owned seven signs in the Bronx that he no longer can use. “I had to let my two office people go and stopped working with two contractors I’ve worked with for years,” he said. Mr. Judge is one of a group of small business owners in the outdoor advertising industry who say the city’s stepped-up vigilance has dealt them a harsh financial blow. City officials last year started en- forcing Local Law 31, a 2005 measure that significantly increased fines for improperly zoned or permitted billboards, to reduce driver distrac- tions and beautify roads. The law forces owners to remove the billboard content and makes them li- able for fines of tens of thousands— and sometimes hundreds of thousands—of dollars, according to attorneys for New York City. Moe Malik, owner of Mogul Media, owns 50 billboards in the city and says all but three have been affected by the crackdown. “About 95% of my revenue is gone,” he said. Enforcement of the law was delayed by federal and state lawsuits by a group of billboard owners that included Clear Channel Outdoor, according to city attorneys. The suits challenged both longstanding zoning restrictions that govern billboards in proximity to major high- ways and a stiffening of penalties by the City Council in 2001. When a federal court upheld the law in 2010, the city put it into action. At a disadvantage “The little guys like us are getting killed,”said Ari Noe,chief executive of OTR Media Group, a local out- You want a financial ally with a powerful grasp of the national and international marketplace. With Union Bank®, you’ll have the door advertising business, which filed for bankruptcy protection in expertise and solutions you need to expand your business on a global scale. Our relationship managers can help you streamline August and is now reorganizing. operations with everything from global treasury management solutions to foreign exchange. And through our relationship with Another outdoor advertising Mitsubishi UFJ Financial Group, you’ll have access to local experts in over 40 countries. That’s the definition of a strong global partner. company,Contest Promotions-NY, filed for bankruptcy protection last month, according to the company. With Union Bank, the world can be an easy place to do business. Call us today. Tony Sclafani, chief spokesman Corporate & Institutional Commercial Finance: Fund Finance: for the city’s Buildings Department, Treasury Services: said the city must enforce the law to be in compliance with the Federal High- Marla Feldman Richard K. Stang Terence Hatton way Beautification Act. The bulk of Vice President Senior Vice President Senior Vice President 914-273-0351 646-452-2522 646-452-2113 affected signs are on roadways. According to New York City attorneys,the federal government says if localities don’t comply, it can withhold federal highway funding. ©2011 Union Bank, N.A. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG), To sign up for Crain’s one of the world’s largest financial organizations. Financing subject to credit newsletter, go to and collateral approval. unionbank.com www.crainsnewyork.com/smallbiz.

November 21, 2011 | Crain’s New York Business | 9 20111121-NEWS--0010-NAT-CCI-CN_-- 11/18/2011 1:43 PM Page 1

VIEWPOINT Clean up your mess, Mr. Liu editor in chief Rance Crain publisher, vp Jill R. Kaplan ity Comptroller John Liu has a royal and economic development. EDITORIAL mess on his hands. Federal prosecutors Mr. Liu has made some worthy suggestions as editor Xana Antunes managing editor Glenn Coleman charged last week that in August an comptroller: to streamline the administration of five city deputy managing editors Valerie Block, undercover agent asked businessman pension funds, to insource work that city employees could be Erik Ipsen assistant managing editor Erik Engquist Xing Wu Pan to funnel Mr. Liu’s doing and to rein in fees paid to city consultants. Even senior producer, projects Kira Bindrim campaign $16,000—more than three Mayor Michael Bloomberg, who can barely agree with Mr. senior producer, news Elisabeth Butler Cordova contributing editor times the legal limit—and that Mr. Pan Liu on the time of day, has seen the logic of them. Elaine Pofeldt laundered it through 20 people donating $800 each. A But the comptroller must get his house in order if he is to columnists Greg David, Michael Gross, wiretap caught the businessman indicating that he had be taken seriously, let alone seek higher office. Mr. Liu needs Alair Townsend C pulse editor Barbara Benson previously evaded campaign finance laws in that manner. to suspend his fundraising operation, step back from senior reporters Theresa Agovino, Aaron Elstein, Lisa Fickenscher, While Mr. Liu has not been charged, it is clear that he has, running for any office other than the one he currently holds, Matthew Flamm, Miriam Kreinin Souccar at best, taken a see-no-evil approach to his fundraising.That apply himself to his job and pray he can win back New reporters Amanda Fung, Shane Dixon Kavanaugh, Daniel Massey, Adrianne Pasquarelli, is the opposite of how a comptroller should behave. After all, Yorkers’ trust. Jeremy Smerd he is a watchdog and a steward of the city’s finances. reporter/producer Emily Laermer art director Steven Krupinski Mr. Liu was certainly aware that straw donors might have deputy art director Carolyn McClain been used to pad his war chest. Crain’s reported in July that staff photographer Buck Ennis low-wage workers were flooding his campaign with $800 Good decision copy desk chief Wendy Zuckerman copy editor Thaddeus Rutkowski donations. At the time, his chief political consultant, Chung Mayor Michael Bloomberg has taken some heat for clearing research editor Dana Gordon assistant research editor Suzanne Panara Seto, dismissed the possibility that some might be cash the Occupy Wall Street encampment out of Zuccotti Park in research interns Callie Eidler, Helen Kwong conduits for donors giving more than the $4,950 limit. the middle of the night. But setting aside the manner of editorial intern Rebecca Olles

Last month, a New York Times investigation appeared to their removal, it’s hard to dispute the mayor’s point that park EDITORIAL AND ADVERTISING OFFICES validate those suspicions. Unbowed, the comptroller rules should apply to all users, whether they’re protesting 711 Third Ave., New York, NY 10017-5806 editorial: 212.210.0277 Fax 212.210.0799 expressed confidence that nothing untoward had occurred. income inequality or just looking for a place to relax. advertising: 212.210.0711 The feds, it turns out, were already on the case.They had We also agree with last week’s court rulings that the First Cable craincom nyk been probing donations to Mr. Liu since late 2009, when he Amendment does not entail a right to pitch tents in a park. Fax 212.210.0499 Entire contents ©copyright 2011 Crain was a City Council member running for comptroller. Protesters claimed that the mayor’s action would backfire Communications Inc. All rights reserved. From the moment he was elected to the second-most- by energizing their movement and providing them an excuse ®CityBusiness is a registered trademark of MCP Inc., used under license agreement. important job in the city, Mr. Liu immediately started to give up overnight stays that were becoming increasingly TO SUBSCRIBE: running for mayor in 2013. His ambition and overt burdensome, not to mention uncomfortable. For subscription information and delivery concerns, partisanship—evidenced by his reports inevitably endorsing But that’s spin, and is irrelevant to the decision to enforce please email [email protected] or call 877-824-9379 (in the U.S. and Canada) or 313- the positions of the labor unions that powered him into rules necessary to maintain order.The mayor was applying 446-0450 (all other locations). $3.00 a copy, $99.95 one year, $179.95 two years. office—have clouded his judgment and damaged his ability the law, not making a political calculation. Kudos to him for www.crainsnewyork.com

to be viewed as impartial on important subjects like pensions his decision and for taking responsibility for it. ADVERTISING AND MARKETING advertising director Trish Henry senior account managers Irene Bar-Am, Courtney McCombs, Sheryl Rose, Suzanne Wilson CRAIN’S ONLINE POLL COMMENTS sales manager, classified print & online John Gallagher sales coordinator print & online WAS MAYOR BLOOMBERG Danielle Wiener newsletter product manager RIGHT TO CLEAR OUT Alexis Sinclair Preservation’s haul credit Todd J. Masura 313.446.6097 ZUCCOTTI PARK? marketing manager Sabra Harrison THRIVING RETAIL, PROPERTY VALUES protesters stop banks from foreclosing on director, audience development Date of poll: Nov. 15 homes? The banks will have three options: Michael O’Connor 573 votes One reason the Landmarks Preservation increase their income by charging their event producer Courtney Williams reprint sales manager Lauren Melesio Commission is designating so many historic customers more, go out of business or get a districts (“Preservation Man,” Nov. 14) is that bailout from the government. director of online and e-commerce Wrong. This people want them to. Most districts are Why not ask the protesters about their strategy Kristi Serrano largely peaceful senior web developer, interactive . 33%

protest was no proposed by residents.There are some 46 support from the unions? Aren’t union pension Chris O’Donnell

areas throughout the city still asking for funds among the largest owners of bank stocks? threat to public 67%. safety. this designation. I lived in New York City when it was a place NEW YORK PRODUCTION Historic districts protect property values where no one wanted to live. It got so bad production and pre-press director and help maintain neighborhood character. because too many people wanted something for Michael Corsi advertising production manager The Borough Hall Skyscraper Historic District nothing.The protesters remind me of the folks Suzanne Fleischman Wies contains many architecturally and historically who popped up as squatters in vacant buildings Right. The occupiers of Wall PUBLISHED BY CRAIN COMMUNICATIONS INC. Street had overstayed their important buildings. Opponents should look at with no heat or hot water—and wanted the city welcome. the SoHo, Ladies’ Mile and TriBeCa to give them the buildings for free. chairman Keith E. Crain districts—where retail is thriving—instead of I smile when people talk about democracy president Rance Crain voicing old, disproved objections. and freedom while taking away others’ rights secretary Merrilee Crain treasurer Mary Kay Crain —peg breen and property. Zuccotti Park is private property executive vp, operations William Morrow President where the owner is required to make its open senior vp, group publisher Gloria Scoby The New York Landmarks Conservancy space available to everyone—not just someone group vp, technology, circulation, who wants their college loans forgiven. manufacturing Robert C. Adams —stephen geissler vice president/production & NO OCCUPANCY manufacturing David Kamis chief information officer Paul Dalpiaz Re: the “more militant stage” of Occupy Wall CRAIN’S WELCOMES SUBMISSIONS to its opinion founder G.D. Crain Jr. (1885-1973)

bloomberg news Street (“Movement takes a new direction,” pages. Send letters to [email protected]. chairman Mrs. G.D. Crain Jr. (1911-1996) For this week’s questions: Go to Nov. 14). Why not ask some tough questions, Send columns of 475 words or fewer to www.crainsnewyork.com/poll to have your say. like: What happens if the protesters make it [email protected]. Please include the writer’s difficult for banks to do business? Or the name, company, address and telephone number.

10 | Crain’s New York Business | November 21, 2011 20111121-NEWS--0011-NAT-CCI-CN_-- 11/17/2011 7:47 PM Page 1

OPINION

The lawyer hired in late 2006 to oversee the distribution sued the These ‘benefits’ fund for mismanagement and political favoritism in doling out the money.This is no surprise, since the fund is controlled by Bronx elected are like extortion officials and their appointees, who seek favor and to reward friends. Elected officials also control the hen I worked in Washington, D.C., people West Harlem Local Development talked about “stump money”—funds left Corp., set up to distribute Colum- idly around, waiting for the slickest hands bia’s contributions. This entity has Every week, Crain’s dives deep into a parceled out only a small portion of to grab it. its money, and has done so without a specific industry that drives the I thought about stump money when I formal application process, selection New York economy. Get the inside read recent stories about the disposition of funds under two so- criteria or transparency of opera- story – in print and online at W tions. In fact, state Attorney General crainsnewyork.com called Community Benefit Agreements—those of the Yankees Eric Schneiderman has subpoenaed in the Bronx and Columbia University in upper Manhattan.To the organization’s records. People will draw different con- buy off local opposition ing back to 1976, the clusions from these two examples of Nov 28 to a new baseball stadi- Bloomberg administra- CBAs. Some will say that commu- Real Estate um and the expansion of tion has pushed project nities, not elected officials or their the university, these or- sponsors to negotiate designees, should control distribu- Top Commercial Property Managers List ganizations were pressed benefit packages out- tions. That, I think, begs the ques- to make cash available to side regular channels or tion of who constitutes the commu- local nonprofits, among turned a blind eye to nity, and assumes that “community” other things. such talks in order to organizations will be fairer and less Dec 5 I have long believed smooth the way for City politically oriented than politicians. Best Places to Work that CBAs are a perver- Council approval of For me, the lesson is that a trans- sion of the city’s land- projects involving parent and pristine land-use review in New York City use review procedure. ALAIR changes in land use. In process is right, and pay-to-play is Under this process, de- TOWNSEND the case of Columbia, wrong. The mayor and City Coun- Top SBA Lenders List veloper-funded meas- the city actually paid for cil have countenanced CBAs re- ures are supposed to mit- a local development quiring all sorts of things unrelated igate specific adverse impacts,such as corporation to negotiate with the to the zoning law—wage levels, Dec 12 traffic congestion or environmental university. The deal reached in- union membership, day care centers damage.Negotiations about such re- cludes $76 million in cash over 12 and cash extraction from develop- Corporate Philanthropy quirements are supposed to be public years for unspecified programs. ers. Dangerous precedents have Top Nonprofit Organizations List and conducted by public officials to That’s a big stump! been set. To me, CBAs amount to avoid the appearance and the reality The Yankees pledged $800,000 government-sanctioned extortion. of developers buying favor. annually in cash to be distributed to The genie is out of the bottle. CBAs In a departure from practice dat- local nonprofits,a pledge it has kept. should be stopped now. Dec 19/Dec 26 CRAIN’S BOOK OF LISTS Crain's 500 List phasize redirecting money to build a primary care network in Brooklyn. This will be impossible to do unless Two steps to better Jan 2 the implications are embraced— close some of these five hospitals Economic Outlook and turn at least one into an emer- B’klyn health care gency care center along the lines of what is being planned at St. Vin- cent’s in Greenwich Village. Jan 9 ny day now,New York’s Mr.Fix-It for health care Such changes will be difficult. Small Business will issue a report on what to do about the grow- These hospitals are an economic ing financial crisis engulfing Brooklyn hospitals. force in their neighborhoods, and Top SBA Loans List the health care workers union will The often irascible Stephen Berger has already rail against the thousands of jobs signaled he intends to argue for radical steps—or, that will be lost. Jan 16 at least, radical for New York.The problem is acute. Brooklyn’s New York needs to allow publicly A held hospital companies to enter the five major nonprofit hospitals are heavily in debt—losing mil- Real Estate market. New York is the only—re- lions of dollars a year because their patients are primarily on peat, only—state to prohibit publicly Top Property Sales List held companies from owning hospi- Medicaid—and are un- Expect the Berger tals.The theory is that for-profit hos- able to reinvest in their report to emphasize two pitals distort markets by taking care Jan 23 facilities. key points. of profitable patients and dumping One, Brookdale It’s about health everyone else on public hospitals. Health Care University Hospital, has care, not hospitals.This It isn’t clear how incendiary the lost money for 10 years. might seem obvious ex- Berger report’s recommendation on Top Executive Recruiters List The story isn’t much dif- cept that New York has this point will be, but it can make a ferent at Interfaith never embraced this vi- compelling case. Publicly held hos- Medical Center, Wyck- sion. Hospitals have pitals are generally better run because off Heights Medical been put at the center of they have to be to make a profit.Their Center and Brooklyn the system because they entrance into New York would force Hospital Center.Kings- GREG employ so many people every hospital to improve. brook Jewish Medical DAVID and have such political More important, they could be a Center is barely prof- clout. The state has al- source of the capital that will be des- For advertising information, please itable but is dragged ways favored hospitals, perately needed to remake the contact Trish Henry, Advertising down by a huge debt. Historically, which is why there are so few pri- Brooklyn health care system. The Director at [email protected] the state just kept funneling money mary care doctors for the Medicaid state doesn’t have the money to do into the institutions to keep them patients who have to turn to emer- that, and just adding more debt to or 212.210.0711 alive, a strategy the strapped state gency rooms. existing institutions will worsen the can no longer afford. The Berger report will likely em- problem.

November 21, 2011 | Crain’s New York Business | 11 20111121-NEWS--0012-NAT-CCI-CN_-- 11/17/2011 3:52 PM Page 1

NEIGHBORHOOD JOURNAL For a change, banks welcome here

not the case in eastern Richmond sents local businesses, and owner of better than nothing. In fact, many Area of Richmond Hill, Queens. several companies, including a beer members of the area’s large Indo- Hill, Queens, seeks There, residents and local busi- distributor. “We’ve been trying to Caribbean and South Asian com- to fill a financial void ness owners alike are struggling to get a bank here for years to this for- munities use them to cash a check lure a bank to an area that has long gotten part of Richmond Hill.” and to wire money home to family. BRANCHLESS: Plenty of check- had none, and where people have to But such establishments charge BY AMANDA FUNG cashing places, but no banks. travel miles to cash or deposit a No basic services high fees. They also cannot provide roberts craig check. Instead, the 30-block neighbor- even such basic services as checking cross much of the na- “I have to go 20 blocks to a Chase hood—which runs on Atlantic Av- accounts and charge cards. represent sections of the area, have tion these days, banks bank to do my banking,” said enue, from the Van Wyck to 114th With the backing of local busi- come up with a solution. They are and bankers are—to Michael Butler, president of the Street—only has check-cashing es- ness owners, Community Board 9 pushing to designate the neighbor- put it mildly—held in Richmond Hill East Business Per- tablishments such as Payday Loan and City Council members Ruben hood and surrounding area as a New low esteem. But that’s sons Corp., a nonprofit that repre- and Check Cashing. Still, they are Wills and Karen Koslowitz, who York state Banking Development A District, or BDD. That would clear the way for the state to target the underserved area with programs designed to encourage banks to open branches there. The boundaries of October 2011 September 2011 September 2011 September 2011 September 2011 the district are still being hashed out, but it is likely to include eastern Richmond Hill and adjoining por- tions of South Jamaica, Jamaica and Ozone Park, areas that also remain an investment of an investment of without any banks. “I don’t think anyone should have to hop on a bus to go to a bank,” said $300 Million $460 Million $1.4 Billion $380 Million $175 Million Ms. Koslowitz. She contrasts that Senior Secured Senior Secured Notes Senior Unsecured Senior Secured Senior Unsecured dire, branchless situation with other Credit Facility Credit Facilities Credit Facilities Credit Facility areas of the city—like her own—that are awash in them. “I live in Forest Hills, and on one block there are 10 Joint Lead Arranger, Joint Lead Arranger, banks at a bare minimum.” Joint Bookrunner Joint Bookrunner Joint Lead Arranger Joint Bookrunner Joint Lead Arranger Sweetening the deal No one knows exactly why Rich- September 2011 September 2011 July 2011 September 2011 September 2011 mond Hill became a banking void. Some blame the area’s relatively low median household income. Banks tend to prefer neighborhoods with more money to put in the vault.That means those with median incomes of over $53,000, a recent study con- $140 Million $110 Million $100 Million $33 Million $300 Million ducted by former Congressman An- thony Weiner reported. In contrast, First Mortgage Bonds Senior Secured Senior Unsecured Senior Notes Senior Secured eastern Richmond Hill’s median Credit Facilities Credit Facilities Credit Facilities household income is roughly $35,000, according to Mr. Wills. Joint Lead Arranger, Lead Arranger, Joint Lead Arranger, If approved, Richmond Hill Joint Bookrunner Joint Bookrunner Sole Bookrunner Joint Bookrunner Sole Bookrunner would be the city’s 27th BDD. Last year, the Van Nest section of the Bronx became the newest BDD when it won approval from the state banking department. The catch is that in order for a BDD to be estab- Delivering results lished, a bank, along with local government, must apply for the desig- We know that successful, long-term business relationships depend nation and prove that the area is upon delivering results for our clients. underserved. At KeyBanc Capital Markets,® more than 500 professionals To sweeten the deal for banks, leverage extensive industry knowledge, equity and debt capital Albany offers incentives ranging markets expertise, and a leading merger and acquisition advisory from reduced property taxes to low- practice to deliver strategic solutions that help our clients capitalize cost deposits from state and city governments.It’s not clear how long on opportunities. it will take for the district to be created and approved. In the mean- time, local officials are already beat- ing the banking bushes. Mr. Wills, for example, recently met with TD Bank, which just last month opened a new branch in the area on Liberty Avenue and 120th Street, right outside the proposed Richmond Hill To learn more: Contact BDD. He is also hoping to schedule Randy Paine, Co-Head of KeyBanc Capital Markets at 216-689-4119, a meeting with Capital One. Doug Preiser, Co-Head of KeyBanc Capital Markets at 216-689-5944 or But bankers beware: Mr. Wills Amy K. Carlson, EVP and Group Head, and others want more than a place to Debt Capital Markets at 216-689-4227. cash checks and squirrel away mon- Visit key.com/kbcm ey for a rainy day. “We don’t just want a bank KeyBanc Capital Markets is a trade name under which corporate and investment banking products and services of KeyCorp and its subsidiaries, KeyBanc Capital Markets Inc., Member NYSE/ FINRA/SIPC, and KeyBank National Association (“KeyBank N.A.”), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities branch, but an institution that will representatives, who may also be employees of KeyBank N.A. Banking products and services are offered by KeyBank N.A. provide education and financial lit- Key.com is a federally registered service mark of KeyCorp. ©2011 KeyCorp ADL4149 eracy, and develop products for small businesses,” he said. Ⅲ

12 | Crain’s New York Business | November 21, 2011 20111121-NEWS--0013-NAT-CCI-CN_-- 11/17/2011 7:48 PM Page 1

INSIDE THE 125 LARGEST PRIVATE COMPANIES IN THE NY AREA PAGE 16 Download this list and others at www.crainsnewyork.com/lists AN EMPTY IPO PIPELINE Why so few private companies are going public these days

BY AARON ELSTEIN 2012. As the legendary Silicon Valley venture capitalists have seeded dozens another involved in financial services, a deal machine kicks into gear again, the of startups in recent years, but it’s too sector investors dislike nowadays. The Henry Blodget, the poster child for the scene in New York is sadly quiet. soon to produce the more mature sorts rise of upstart trading places like Second dot-com boom and bust, has remade Dealmakers and ana- of companies that in- Market may reduce the need for IPOs himself into something of a media lysts offer numer- vestors seek. Many by giving investors and employees in macher. ous explana- startups here not-yet-ready-for-prime-time compa- A decade ago, he was barred from tions: are one nies a venue to cash out their shares. the brokerage industry for publicly ex- Local way or “Private capital markets are much tolling Internet stocks while an analyst more developed than they were in the at Merrill Lynch. Privately, he de- 1990s,” Mr. Blodget observed, “so scribed those stocks in terms most companies don’t need to go public.” family newspapers won’t print. Today, Whatever the reason, they aren’t go- Mr. Blodget runs Business Insider, a fi- ing public. Heading into the last few nancial news and commentary website weeks of the year, IPO volume is down with a taste for listicles—“16 Horrify- globally nearly 50% this year, compared ing Stories of Angry Customers Go- with last, according to Thomson ing Way Over The Line” was a top Reuters. Meanwhile, the number of headline recently —and an audience U.S. companies that have filed to go that has more than doubled in the past public but can’t get their deals off the year to 6.3 million unique visitors last shelf grew to more than 200 in Septem- month. He and his staff of 45 even ber, according to Greenwich, Conn., re- rang the opening bell at the New York search firm Renaissance Capital. Stock Exchange in October. Prominent companies struggling to In the wake of Groupon’s successful go public these days include Toys “R” initial public offering earlier this Us, whose offering has been gathering month, Mr. Blodget’s modestly prof- dust since May 2010, and Carlyle itable company is one of the few fledg- Group, the investment powerhouse ing companies in New York with the that filed in September but subsequent- star power to hold an IPO. So is Mr. ly had to offer discounts so investors Blodget fielding pitches from invest- would put money into its latest fund. ment bankers and getting BI ready for Jay Ritter, a finance professor at its IPO closeup? the University of Florida who has “In a word,”he wrote in an email,“no.” studied the IPO market for years, last Welcome to the IPO world, circa See EMPTY IPO PIPELINE on Page 14

% APPROXIMATE DECLINE in + U.S. COMPANIES that have MONTHS that retailer Toys “R” Us PRICE that AOL paid for the DECLINE in the average annual global volume for initial public filed to go public but can’t get has been waiting to go public privately owned Huffington number of IPOs since 2000, vs. 50 offerings so far this year 200their offerings off the shelf 19since its May 2010 IPO filing $315M Post earlier this year 2/3 the 1980s and ’90s average istock

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November 21, 2011 | Crain’s New York Business | 13 20111121-NEWS--0014-NAT-CCI-CN_-- 11/18/2011 11:44 AM Page 1

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Catsimatidis’Red Apple BUSINESS BREAKDOWN Red Apple Group has $4 billion in revenues and 8,000 employees. Continued from Page 1 218 Myrtle Ave. He is planning to Gristedes is struggling to break Holdings include: ings,an oil refinery,an aviation busi- develop two more apartment build- even and continues to shrink. “It’s ness,and a chain of 32 supermarkets ings there. obvious we shouldn’t be in this busi- in Manhattan. But the man of With his “Ocean Dreams” pro- ness anymore,” he said. “I do it for means prefers to play up his humble posal, he intends to build three resi- my employees, not for myself.” roots as the son of Greek immi- dential towers on land he bought on To compete with the new con- grants whose father worked in low- Coney Island, and, more recently, sumer favorites, last month he res- paying restaurant jobs. has been talking to Columbia Pres- urrected the supermarket brand that “I might be working on a billion- byterian Hospital about construct- launched his career in the grocery United Refining Co. More than 360 gas stations and convenience stores dollar deal and these guys are busy ing residential rental units for doc- business.The last Red Apple disap- buying a truckload of Coca-Cola,” tors and nurses on an empty lot he peared from the city landscape he said in a recent interview at his owns near the hospital. about 20 years ago, but now The office. “I sit here in the middle be- “Instead of owning a one-story Andrea apartment building has one. cause I’m a working man. I keep in building,we are going to have an av- Red Apple is known for its no-frills the action.” erage of 20-story buildings,” Mr. and low-cost merchandise. The narrative has served him Catsimatidis vowed. “It’s all about Bringing back Red Apple is a well—and may be dusted off again the highest and best use of our real smart strategic move, according to if Mr. Catsimatidis runs for mayor estate.” supermarket consultant Burt of New York City in 2013. He an- His timing is good. “He’s well- Flickinger. “It’s one of the great nounced his candidacy in 2009 and positioned to capture momentum in names in the supermarket business Red Apple Real Estate Hundreds of then withdrew it when Mayor the market,” said Michael Guerra, and will still connect with con- Gristedes 32 supermarkets commercial and residential buildings Michael Bloomberg changed the Prudential Douglas Elliman’s gen- sumers as standing for value at a term limits law to allow himself to time when prices are higher in New Red Apple Aviation run for a third term. York City,” Mr. Flickinger said. A Boeing 727 and Mr.Catsimatidis said he plans to Gulfstream jet for Reviving supermarket brand open more Red Apples in New York charter use As he considers his political fu- and is considering replacing some of ture, Mr. Catsimatidis, 63, is hardly his faltering Gristedes stores with winding down his career. Always on the brand. Gristedes operates only the hunt for new business deals, he in Manhattan. cial distress, having scooped up a looking at different biomedical has a keen eye for spotting opportu- The grocer is not above pulling bankrupt United Refining Co. in companies.” nities in distressed markets and is wacky stunts to gain an advantage. 1986. Indeed, oil has become the He also uses his Midas touch to willing to wait, sometimes decades, When Trader Joe’s opened its real profit center for the company. help politicians he supports. In his for his investments to pay off. And first New York store a few blocks United Refining, based in War- office, there are hundreds of photo- though his supermarket business— from a Gristedes on 14th Street in ren, Pa., owns 366 service stations graphs of him next to members of where his fortune began—is in de- 2009, Mr. Catsimatidis invested and convenience stores branded Congress and heads of states,includ- cline, he’s reintroducing his long- nearly $1 million to change the Kwik Fill, Red Apple Food Marts ing U.S. presidents at Camp David. defunct Red Apple brand to cut buck ennis name of his market to Trader John’s and Country Fair. Stores in Penn- He was one of Bill Clinton’s biggest costs and appeal to consumers look- and to transform it into a near-repli- sylvania, Ohio and upstate New financial boosters in the 1990s. ing for lower prices. ‘It’s all about ca of its new neighbor. Trader Joe’s York have posted 23 consecutive It’s clear that public office holds Real estate has been the bedrock sued for trademark infringement profitable quarters, Mr. Catsima- a great fascination for him—and of his financial success. Mr. Catsi- the highest and and won. tidis boasted. United Refining’s perhaps the one goal that remains matidis bought his first building in “I was having a little fun,” Mr. third-quarter sales in May were elusive. He is vague when asked 1977, and, today, Red Apple Group best use of our Catsimatidis quipped. “We had a $808 million. about whether he will run for may- owns more than 300 properties bad store there that wasn’t making or of the city. across the country,mostly outside of real estate’ money.” The Union Square Grist- In sickness and health “I don’t necessarily want to be New York City. Many of his hold- edes store has since closed. Making money and lots of it has mayor,” he said. “But I love New ings are convenience stores and gas He is also ready to take on Wal- been a constant theme in Mr. Catsi- York City and I don’t want it to go stations. Mart if the retail powerhouse gets matidis’ life. His ability to spot op- downhill. If we can’t get someone Now, with his eye on profiting tax breaks to open in the city. “I’ve portunities led him to turn a person- who is really qualified to do a good from a buoyant New York rental instructed my lobbyists to stay on al medical crisis last year into job for our city,then I may do some- market, he’s turning into a residen- top of the situation to make sure another venture.After undergoing a thing about it.” tial developer. His first projects are eral director of sales for Brooklyn. Wal-Mart is not getting special kidney transplant, a result of his Republican party leaders are in downtown Brooklyn, where for In his supermarket business, Mr. treatment,” he said. struggle with diabetes, he began urging him to run and at least one the past 25 years he has owned prop- Catsimatidis is trying to get his tim- And he can’t resist an opportuni- looking at medical companies. person who has held the job insists erties that were home to everything ing back. Gristedes’ $250 million in ty to acquire an ailing rival, either. Over the last six months, Mr. he’d have a good shot at it. from fast-food restaurants to a park- revenues represents only about 5% of Last year he made an offer to buy Catsimatidis has invested in at least “He’s got the experience to be ing lot, on a three-block stretch. He Red Apple Group’s sales, yet it is the the Food Emporium chain from three: Medgenics, Cerecor and mayor,” said Rudolph Giuliani, cit- bought those low-rise buildings, lo- business he’s known for, and where Great Atlantic Pacific Tea Co.“I re- ContraFect, which are producing ing the executive’s financial savvy cated across from Metro Tech Cen- he made his first million at age 25. member sitting in their lawyers’ of- cutting-edge drugs to treat every- and ability to lead a multibillion- ter, from Long Island University In the past decade, those tradi- fice negotiating the contract and thing from severe coughs to super- dollar enterprise. “People will un- when the neighborhood was rough, tional supermarkets have been hit five days later they filed for bank- infections. derestimate him as a candidate. But he said, and “you needed a security with competition from Whole ruptcy,” he said. “When they come “I felt that no matter how bad the they will be making a mistake if they guard to collect the rent.” Foods,Trader Joe’s,Fresh Direct and out of bankruptcy, we may look at economy is,if you are making some- underestimate him.” Ⅲ Over the years, he tore the prop- other progressive grocers, which, he them again.” thing that keeps someone alive, erties down,and last year completed says, have a competitive advantage Mr. Catsimatidis has a history of they’ll pay for it,” Mr. Catsimatidis LISTEN to a discussion at The Andrea, a 95-unit building at because they are nonunion. buying companies that are in finan- explained. “We are continuously CrainsNewYork.com/podcasts

Cramer’s TheStreet.com. done so.That’s because it’s as advan- “If the underwriters show they Interestingly, in his paper Mr. tageous for small companies abroad can support these deals, you will see Empty IPO pipeline Ritter disputes the conventional to be acquired by large companies as more investors tread back in,”he said. Wall Street wisdom that IPOs have it is stateside, he argues. But he cautions that the Continued from Page 13 ny than to try to raise money from been in a rut due to 2002’s Sarbanes- Still, one hallmark of the IPO Groupon experience may be less en- month released a paper called the public. Oxley Act, which greatly increased market remains how quickly it can couraging than it seems. After all, “Where Have All the IPOs Gone?” That is precisely the road Arian- companies’ auditing and compliance switch from moribund to red-hot. the IPO ultimately valued the digi- He observed that over the past na Huffington took when she sold costs: “We find the effect of paying Days after Groupon’s much-await- tal coupon company at less than half decade,the average number of IPOs her Huffington Post website to the compliance cost on the prof- ed offering finally got out the door, of the $25 billion that investment per year has been two-thirds lower AOL for $315 million earlier this itability for small firms to be limited.” 16 companies (none in New York) bankers were hoping for a few than it was during the 20 years end- year rather than take it public. A He adds that if the U.S.regulato- quickly priced their deals. David months earlier. Plenty of companies ing in 2000. His conclusion: Small decade ago, Ms. Huffington’s cre- ry environment was so unfavorable, Menlow, president of research firm might also have to accept similar companies have determined it’s bet- ation surely would have been taken then small companies would seek to IPO Financial Network, predicts discounts in order to sell investors ter to be acquired by a larger compa- public, like CNBC star James hold IPOs overseas. Yet few have the surge could last into next year. on their shares. Ⅲ

14 | Crain’s New York Business | November 21, 2011 Project2:fp template.qxd 11/15/11 1:44 PM Page 1

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*Based on the Hoover’s Report as of October 13, 2011. 20111121-NEWS--0016,0017-NAT-CCI-CN_-- 11/17/2011 3:51 PM Page 1

REPORT PRIVATELY HELD COMPANIES NY Area’s Largest Privately Held Companies Ranked by 2010 revenues This list is the most comprehensive available, Securities and Exchange Commission. All data Essex, Hudson or Union counties in New Jersey. although it’s not possible to identify and include should be considered estimates. Nonprofits, hospitals, mutual companies, travel every privately held company that would qualify. To qualify, companies must be independent, agencies and partnerships—including accounting Data were provided by the companies or obtained privately held entities with no parent.They must be firms, law firms and consulting firms—are excluded. from sources including Crain’s, Dun & Bradstreet, headquartered in New York City or Nassau, Suffolk Some estimates for 2010 revenues are based on Forbes, Gale Group, Hoover’s and the U.S. or Westchester counties in New York, or Bergen, 2009 data.

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COMPANY SPOTLIGHT BLOOMBERG EXPANDS ITS OFFERINGS BIGGEST GAINERS Firms with the biggest percent changes in revenues from 2009 to 2010. Journalism is alive and well at Bloomberg LP.The news and information firm, Atrium Staffing (#123) BLOOMBERG LP founded by Mayor Michael Bloomberg, puts out nearly 5,000 articles a day and has +87.7% 146 news bureaus in 72 countries. Led by former Deputy Mayor Daniel Doctoroff, it provides news, data and analytics for financial professionals and businesses, and Transammonia Inc. (#2) 440 publications use Bloomberg content.The company’s revenues increased 9.5% +53.4% #4 from 2009 to 2010, to $6.9 billion. Bloomberg expanded its television Liberty Maritime Corp. (#70) production, mobile offerings and specialty newsletters, such as +44.7% European Economics, during that year. In 2009, the company purchased Blue Tee Corp. (#29) the struggling publication BusinessWeek, and though the endeavor still +43.5% loses $20 million each year, advertising is growing.This year, the Judlau Cos. (#50) company launched Bloomberg Government to attract politicians and +42.3% government insiders. —rebecca olles Includes only companies that responded to the survey.

16 | Crain’s New York Business | November 21, 2011 20111121-NEWS--0016,0017-NAT-CCI-CN_-- 11/17/2011 3:51 PM Page 2

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COMPANY SPOTLIGHT GETTING AHEAD WITH BEER BIGGEST LOSERS Firms with the largest decreases in revenues from 2009 to 2010. Despite a shrinking overall beer market, Bronx-based Manhattan Beer MANHATTAN Gotham Construction Co. (#88) Distributors managed to increase its revenues in 2010 and expects to -54.7% BEER grow by 2.3% this year to $667 million. Overall, beer sales volume in DISTRIBUTORS Leon D. DeMatteis Construction Corp. (#89) the U.S. fell 1.5% to date this year, according to the Beer Institute.To -44.4% offset the effects of a slumping market, the 33-year-old company beefed up its sales training and technology.“We’ve had an intense Hunter Roberts Construction Group (#40) #36 focus here on sales training,” said Chief Operating Officer Bill -27.2% Bessette.The company also invested in craft beers. Manhattan Beer Americon Construction Inc. (#122) now offers brands such as Dundee, Captain Lawrence and Unita in -23.1% addition to its biggest sellers, Coors Light and Corona. Manhattan Sam Ash Music Corp. (#63) Beer services more than 26,000 bars, restaurants and stores in the New -19.5% York area and has five distribution centers. —lisa fickenscher Includes only companies that responded to the survey.

November 21, 2011 | Crain’s New York Business | 17 20111121-NEWS--0018,0019-NAT-CCI-CN_-- 11/17/2011 12:27 PM Page 1

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COMPANY SPOTLIGHT TRANSPORTATION FIRM KEEPS ROLLING TOTAL REVENUE COMPARISON Total revenues at the largest companies. Figures are in billions of dollars. SHEVELL Though the recession has taken its toll, transportation firm Shevell Group of Companies is still trucking along. Its companies offer transportation services in the GROUP OF U.S. and Canada and provide warehousing, real estate and logistics services. Shevell COMPANIES reported a 10.8% drop in revenues in 2010, to $415 $116.6 million, but it’s projecting a 1.2% increase for $109.5 2011. Analyst firm IBISWorld predicts the 6.5% #52 industry will grow about 3.2% annually over the next five years. Shevell Group also was the focus of truly momentous news recently: Vice President Nancy Shevell, daughter of owner Myron, married Paul McCartney last month. —rebecca olles 2009 2010 newscom

18 | Crain’s New York Business | November 21, 2011 20111121-NEWS--0018,0019-NAT-CCI-CN_-- 11/17/2011 12:27 PM Page 2

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COMPANY SPOTLIGHT DRUMMING UP REVENUES WINNERS AND LOSERS Changes in revenues at the largest companies between 2009 and 2010. SAM ASH When it was founded in Brooklyn 87 years ago, Sam Ash Music Corp. was one of many musical instrument stores.Today, the Hicksville, L.I.-based outfit is one of the Revenues were unchanged MUSIC CORP. largest in the $5 billion industry. It boasts more than 45 locations nationwide, the bulk of which were added in the past 14 years. While West 48th Street once offered 13.6% 24.8% a diverse selection of indie shops, Sam Ash now operates #63 four of the six music stores still on the block. It bought out Revenues declined its biggest neighbor, Manny’s Music, in 1999. After suffering a whopping 20% slide in revenues between 2009 and 2010, revenues for the firm, which is run by the 61.6% grandsons of founders Sam and Rose Ash, are growing Revenues increased again.The company is expected to drum up $330.7 million in 2011, a 7% rise over 2010. —adrianne pasquarelli

November 21, 2011 | Crain’s New York Business | 19 20111121-NEWS--0020,0021-NAT-CCI-CN_-- 11/17/2011 12:28 PM Page 1

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COMPANY SPOTLIGHT CHANGE IN OUTFIT INDUSTRY BREAKDOWN Ⅲ Food and beverage ------24.0% Ⅲ Retail and apparel ------7.2% Daffy’s, the discount retailer, is trying to figure Ⅲ Construction and real estate - - -15.2% Ⅲ Transportation/automotive ------5.6% DAFFY’S INC. out if its new suit fits.The company’s legendary Ⅲ Other ------14.4% Ⅲ Information technology ------4.8% founder, Irving Shulman, died earlier this year Ⅲ Media, mktg., communications -12.0% Ⅲ Energy ------3.2% at age 96, and his family tapped an outsider to Ⅲ Manufacturing/distribution - - - -10.4% Ⅲ Health care, pharmaceuticals ------3.2% #101 run the show for the first time—Caryn Lerner, 3.2% 3.2% 4.8% who used to run a luxury retailer in Canada and 5.6% has experience at such places as Barneys and 24.0% 7.2% Jones Apparel.The chief executive is adding new stores throughout the city, including a 10.4% Times Square location, and is trying to expand 15.2% 12.0% the brand nationally. Competition from off-price rivals like T.J. Maxx has led 14.4% Daffy’s to spiff up its down-market image. —aaron elstein

20 | Crain’s New York Business | November 21, 2011 20111121-NEWS--0020,0021-NAT-CCI-CN_-- 11/17/2011 12:28 PM Page 2

REPORT PRIVATELY HELD COMPANIES

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PURCHASE THE LIST OF THE NEW YORK AREA'S LARGEST PRIVATELY HELD COMPANIES AND OTHER CRAIN'S BUSINESS LISTS @ WWW.CRAINSNEWYORK.COM/LISTS

November 21, 2011 | Crain’s New York Business | 21 20111121-NEWS--0022-NAT-CCI-CN_-- 11/17/2011 12:28 PM Page 1

REPORT PRIVATELY HELD COMPANIES

ALPHABETICAL LISTING OF COMPANIES

COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK

A & E Stores Inc. and Associated Companies ..48 Broadview Networks ...... 54 Guardsmark ...... 45 Manhattan Beer Distributors...... 36 Ruder Finn Group ...... 113 ABCO Refrigeration Supply Corp...... 94 Central National-Gottesman Inc...... 9 GYMA Laboratories of America Inc...... 85 Max Kahan Inc...... 28 Sam Ash Music Corp...... 63 ADS Management ...... 60 Charmer Sunbelt Group ...... 6 Harbor Seafood Inc...... 75 Meadows Office Furniture Co...... 125 Schimenti Construction ...... 124 Advance Publications Inc...... 3 CIC International Ltd...... 26 Harold Levinson Associates Inc...... 24 Modell’s Sporting Goods ...... 34 Sequa Corp...... 18 AFD Contract Furniture Inc...... 92 Clare Rose Inc...... 83 Hearst Corp...... 7 Nathel & Nathel Inc...... 80 Service By Air Inc...... 110 Alcott HR Group ...... 77 Coinmach Service Corp...... 43 Henegan Construction Co...... 117 National Spinning Co...... 118 Shevell Group of Companies ...... 52 Allied Beverage Group ...... 33 Computer Generated Solutions Inc...... 102 Horizon Media Inc...... 11 NBTY Inc...... 10 Sid Harvey Industries Inc...... 108 Amerex Group...... 100 Condal Distributors Inc...... 114 Hunter Roberts Construction Group ...... 40 Nebraskaland Inc...... 68 Sigma Plastics Group ...... 17 Americon Construction Inc...... 122 Continental Grain Co...... 21 IBEX Construction...... 82 Newark Group Inc...... 30 Solomon-Page Group ...... 112 Apple-Metro Inc...... 107 Crestron Electronics Inc...... 56 ICC Industries Inc...... 12 Newmark Holdings ...... 27 Stark Carpet Corp...... 95 ASI System Integration Inc...... 90 Cumberland Packing Corp...... 84 ILC Industries Inc...... 96 North Jersey Media Group Inc...... 105 Structure Tone Organization ...... 16 Associated Global Systems Inc...... 111 Curry Automotive ...... 47 Imperial Bag & Paper Co...... 97 NPD Group Inc...... 76 Studley Inc...... 61 Atalanta Corp. and Affiliates...... 31 D’Addario & Co...... 104 Information Builders...... 65 Oasis Foods Co...... 115 Sugar Foods Corp...... 53 Atlantic Express Transportation Corp...... 55 Daffy’s Inc...... 101 Innovative Stone...... 116 P.C. Richard & Son...... 23 Terminal Construction Corp...... 81 Atrium Staffing...... 123 D’Agostino Supermarkets Inc...... 98 Inserra Supermarkets Inc...... 25 Palm Bay International ...... 69 Thornton Tomasetti...... 120 Bad Boy Worldwide Entertainment Group ...... 66 Denihan Hospitality Group ...... 71 J&R Music and Computer World ...... 51 Personal Communications Devices ...... 19 Transammonia Inc...... 2 Bamberger Polymers Inc...... 49 DiCarlo Distributors Inc...... 99 Jetro Cash & Carry Enterprises ...... 46 Personal-Touch Home Care Inc...... 58 TransPerfect ...... 73 Banfi Products Corp...... 62 Doherty Enterprises Inc...... 67 Judlau Cos...... 50 Phibro Animal Health Corp...... 39 Travelport Inc...... 14 Barr & Barr Inc...... 78 Eileen Fisher Inc...... 64 Key Food Stores Co-Operative Inc...... 44 Plaza Construction Corp...... 59 Trump Organization...... 1 Bartlett Dairy Inc...... 103 E-J Electric Installation Co...... 93 Kozy Shack Enterprises Inc...... 87 Publishers Clearing House ...... 32 Tully Construction Co...... 42 Bayside Fuel Oil Corp...... 74 Empire Office Inc...... 72 Krasdale Foods Inc...... 37 Quality King Distributors Inc...... 13 Turtle & Hughes Inc...... 57 Benfield Electric Supply Co...... 121 Ergonomic Group Inc...... 79 Lafayette 148 New York ...... 119 Rallye Motors Holding...... 35 Univision Communications Inc...... 15 Beyer Farms Inc...... 91 Fedway Associates Inc. and Affiliates ...... 38 Leon D. DeMatteis Construction Corp...... 89 RDA Holding Co...... 20 Vision Financial Markets...... 109 Bloomberg LP...... 4 Gotham Construction Co...... 88 Liberty Maritime Corp...... 70 Red Apple Group Inc...... 8 Vista Food Exchange Inc...... 86 Blue Tee Corp...... 29 Goya Foods Inc...... 22 Loren Communications International Ltd...... 106 Renco Group Inc...... 5 Weeks Marine Inc...... 41

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22 | Crain’s New York Business | November 21, 2011 20111121-NEWS--0023-NAT-CCI-CN_-- 11/17/2011 12:29 PM Page 1

REAL ESTATE DEALS

ownership of the property two BELOW AVERAGE Humanitarian nonprofit months ago, the For the first time since ’09, landlord, 145 Manhattan office leasing fell W. 28th St. below its long-term average in takes refuge in midtown LLC,is revamp- the third quarter ing the building. “It was the All office space Class A space Ad agency The ad agency was seeking a owners’ belief International Rescue longer-term home and signed a that the timing was right for a build- Committee signs settles down four-year, 5,290-square-foot lease. ing that was representative of the 7.0Square feet in millions 2.8 The asking price was $35 per square emerging area,”said Elliot Klein,sen- for second office Barton F.Graf 9000,a creative adver- foot. Founded only last year, the ior vice president at Winoker Realty. tising agency known for its Old Spice, agency has worked on projects like Mr. Klein represented the land- -4.4% -10.9% he growing Interna- Skittles and Snickers commercials, is the “Old Spice Guy” commercials. lord, and Eli Someck of Living Real % change from 11-year average tional Rescue Commit- relocating to 145 W. 28th St. from its Barton F. Graf is scheduled to Estate represented the tenant. Source: Studley tee is opening a new of- present sublet at 632 W. 28th St. move in on Dec. 1. After taking —rebecca olles fice in Manhattan that will serve as its New TYork regional office. At present, those staffers occupy space in the group’s global headquarters on East 42nd Street. The nonprofit, which provides humanitarian aid in countries from Haiti to Somalia, has signed a long- term lease for 10,000 square feet at 263 W. 38th St. The asking rent for the space was $31 per square foot. “They love the location and the column-free layout,” said Scott Galin of Handler Real Estate Organi- zation, the landlord. Mr. Galin worked with colleague Peter Newman on the deal. Handler worked with the tenant on the design and architecture of its new space, said Mr. Galin, adding that the firm will move in by the end of the first quarter of 2012. The 170,000-square-foot office building is more than 90% occupied. Founded in 1933 at the request of Albert Einstein, the International Rescue Committee works in 22 U.S. cities and more than 40 countries. Henry Goodfriend of NAI Global represented the tenant in the transaction. —amanda fung Out with autos, in with art What once was a parking garage with 20-foot ceilings will be transformed into an art gallery and cultural center. Hotel Particulier recently signed a 10-year lease for 2,200 square feet at 80 Varick St., downtown. The asking rent was $50 a square foot. “It’s a huge construction project,” said Josh Bowling, the Sinvin Real Estate broker who, along with colleague Alex Baumol, represented proprietor Frederique Thiollet. “She’s taking a completely raw garage and converting it.” Mr. Bowling expects the center—whose employees will offer champagne, wine and beer in true French style—to open in the spring. Ms. Thiollet preferred the Hotel Particulier, which means “town- house,”to be near TriBeCa and SoHo, where rents are less expensive.She had worked at a gallery in Chelsea. Landlord 80 Varick Street Group was represented by Annie Meyding of Walker Malloy & Co. —adrianne pasquarelli

November 21, 2011 | Crain’s New York Business | 23 nb47p24-26cl.qxp 11/18/11 3:52 PM Page 24

CORPORATE TELECOMMUNICATIONS PUBLIC & LEGAL NOTICES

EVENTS NOTICE OF FORMATION OF LIM- NOTICE OF QUALIFICATION of NOTICE OF FORMATION of Aurum ITED LIABILITY COMPANY. NAME: Bespoke Jewel Finder, LLC. App for Staffing, LLC Art. of Org filed Sec’y 33 East 33rd Street JOGGLE MEDIA LLC. Articles of Authority filed with the Secy of State of of State (SSNY) 10/19/11. Office EVENT VENUES New York, NY 10016 Organization were filed with the New York (SSNY) on 8/15/11. Office location: New York County. SSNY 212-532-7400 Secretary of State of New York location: NY County. LLC formed in designated as agent of LLC upon whom REGIS ROYAL - Restaurant and Lounge: [email protected] (SSNY) on 09/23/11. The latest DE on 7/26/11. SSNY designated as process against it may be served. date of dissolution is 12/31/2050. an agent upon whom process may be SSNY shall mail copy of process to Authentic Italian Cuisine EMERGENCY Office location: New York County. served and shall mail a copy of any Alan M. Tarter, Esq., Tarter Krinsky & Wall Street Area COMMUNICATIONS SSNY has been designated as process to the principal business Drogin LLP, 1350 Broadway, 11th Located at: Rector and Washington Street SYSTEMS agent of the LLC upon whom address: 360 E. 88 St., #12B, NY, NY Floor, New York, NY 10018. Registered Open 7 Days a Week - Lunch and Dinner SPECIALISTS process against it may be served. 10128. Cert. filed with Secy of State agent upon whom process may be CORPORATE AND PRIVATE EVENT SPACE • FREE PICKUP & DELIVERY SSNY shall mail a copy of process of DE: 401 Federal St., #3, Dover, DE served: Alan M. Tarter, Esq., Tarter Beautiful Contemporary Interior • 48 HOUR TURNAROUND to the LLC, 12 Desbrosses Street, 19901. Purpose: any lawful act. Krinsky & Drogin LLP, 1350 with Cathedral Ceiling, ON REPAIRS New York, New York 10013. Broadway, 11th Floor, New York, NY Mezzanine, Private Space • FREE ENGRAVING Purpose: For any lawful purpose. NOTICE OF FORMATION OF York-Hill 10018 Purpose: any lawful activities. LLC. Arts of Org filed with the Secy of Available for Corporate and • SHORT & LONG TERM RENTALS Notice of Formation of ADC/Ennis State of NY (SSNY) on 5/11/11. Office Private Events, Holiday Parties Notice of Formation of HARTZ Francis Owner L.P. Cert. filed with NY loc: NY Cty. SSNY designated as agent ENERGY CAPITAL, LLC. Arts. of Org. Whether 20 or 250 Guests, we will Dept. of State on 1/7/2008. Office upon whom process may be served and filed with Secy. of State of NY Accommodate You and work location: NY County. Sec. of State shall mail process to: 7014 13th Ave, (SSNY) on 10/18/11. Office location: with your Budget designated agent of LP upon whom Ste 202, Brooklyn, NY 11228. Principal NY County. Princ. office of LLC: Please Call: 212 321-3000 process against it may be served and business address: 80 N Moore St, NY, Timothy P. Terry, 667 Madison Ave., shall mail process to the principal NY 10013. Purpose: any lawful acts. 24th Fl., NY, NY 10065. SSNY business addr.: c/o Abyssinian designated as agent of LLC upon Development Corp., 4 W. 125th St., NOTICE OF FORMATION OF: Sarma whom process against it may be REAL ESTATE NY, NY 10027. Name/addr. of genl. Holdings UWS, LLC. Arts of Org filed served. SSNY shall mail process to ptr. available from Sec. of State. with Sec of State of NY (SSNY) on the LLC at the addr. of its princ. Term: until 1/3/2108. Purpose: any 10/06/2011. Office location: NY office. Purpose: Any lawful activity. SHOWROOM / OFFICE SPACE lawful activity. County. SSNY is designated as agent upon whom process against LLC may Notice of formation of 1619 THIRD NOTICE OF REGISTRATION of be served. SSNY shall mail a copy of AVENUE UNIT 15D LLC, a domestic Fesnak and Associates, LLP (LLP). any process against LLC to: 56 Limited Liability Company (LLC). Certificate of Registration filed with NY Charles St., #2, New York, NY 10014. Articles of Organization filed with the Dept of State on 8/9/11. Principal Purpose: any lawful act or activity. Secretary of State on August 24, 2011. office located in New York County. NY Office Location: New York County. The Secretary of State of NY (SSNY) Secretary of State is designated as is designated as agent of LLP for Notice of Formation of CRIBSIES, LLC. agent upon whom process against service of process. SSNY shall mail Arts. of Org. filed with Secy. of State the LLC may be served. Secretary of copy of any process to the LLP at its of NY (SSNY) on 9/27/2011. Office State shall mail a copy of any principal office: 1501 Broadway, 12th location: NY County. Princ. office of process against the LLC served upon Fl, New York, NY 10036. Purpose: LLC: 170 E. 83rd St., NY, NY 10028. him/her to: P.O. Box 39, Wyckoff, Certified Public Accountancy. SSNY designated as agent of LLC upon whom process against it may be New Jersey 07841. Purpose: To Notice of Formation of 382 3rd FL LLC. served. SSNY shall mail process to engage in any lawful act or activity. Arts. of Org. filed with Secy. of State c/o Kramer Levin Natfalis & Frankel of NY (SSNY) on 08/25/11. Office LLP, Attn: Christopher S. Auguste, Notice of Formation of KLIGER location: NY County. Princ. office of 1177 Ave. of the Americas, NY, NY MEDIA ASSOCIATES, LLC. Arts. of LLC: 666 Broadway, 12th Fl., NY, NY 10036. Purpose: Any lawful activity. Org. filed with Secy. of State of N.Y. 10012. SSNY designated as agent of (SSNY) on 7/26/11. Office location: LUXURY PROPERTY LLC upon whom process against it Notice of Formation of PEAK New York County. SSNY designated may be served. SSNY shall mail ANACAONA LLC. Arts. of Org. filed as agent of LLC upon whom process FOR SALE / EAST HAMPTON process to Andrews Building Corp., with Secy. of State of NY (SSNY) on against it may be served. SSNY shall Attn: Eugene Andrews or Naomi 10/07/11. Office location: NY County. mail process to: c/o Breslow & NestSeekers.com Cahana-Andrews at the princ. office of Princ. office of LLC: 200 E. 72nd St., Walker LLP, 767 Third Ave., New the LLC. Purpose: Any lawful activity. PHJ, NY, NY 10021. SSNY designated York, NY 10017, Attn: Joel M. as agent of LLC upon whom process Walker, Esq., registered agent upon Notice of Formation of URSA Minor against it may be served. SSNY shall whom process may be served. STUNNINGNG Partners, LLC. Arts. of Org. filed with mail process to Alix Pasquet III at the Purpose: any lawful activity. Secy. of State of NY (SSNY) on princ. office of the LLC. Purpose: BEACHBEACACH 08/26/11. Off. loc.: NY Co. SSNY Any lawful activity. NOTICE OF FORMATION of ZOE INT. designated as agent of LLC upon LLC. Articles of Organization filed HOUSEU whom process against it may be THE BOWERY KITCHEN LLC, a with Secretary of State of New York INN THE DUNES served. SSNY shall mail process to domestic Limited Liability Company (SSNY) on 10/11/2011. Office the LLC, c/o Somin’s Hardware & (LLC), filed with the Sec of State of NY location: NY County. SSNY has Bath, Attn: Beth Thornton, 421 Third on 8/24/11. NY Office location: New been designated as an agent upon AMAGANSETT. Ave., New York, NY 10016. Purpose: York County. SSNY is designated as whom process against the LLC may ImpeccableImpecImpeImpeccccablecableable any lawful act or activity. agent upon whom process against the be served. The address to which 6,0006,0660,00000000S0 Sf+/-Sf+f+//-- LLC may be served. SSNY shall mail SSNY shall mail a copy of any NOTICE OF FORMATION of a copy of any process against the LLC process against the LLC is to: ZOE SummerSSuummmmmeerr CCoCot Cottageottttataaggee served upon him/her to Alessandro INT. LLC 142 West 83rd Street, New NextNNeextexxtt To Reserve.ReReseRessesererervrvvee.e. REFERENCE FRAME LLC. Arts. of Org. filed w/ Sec. of State of NY (SSNY) on Zampedri, 220 The Bowery, NY, NY York, NY 10024. Purpose: To ExclusiveExclusiveclusive $11$1$$11.8m111.818.88mm 8/25/2011. Office in NY County. SSNY 10012. General Purposes. engage in any lawful act or activity. designated as agent upon whom process against the LCC may be NOTICE OF FORMATION OF IN HER NOTICE OF FORMATION OF MOAKS Joseph DeCristofaro served. SSNY shall mail process to IMAGE MUSIC LLC. Arts of Org filed PLLC. Arts of Org filed with SSNY on SVP, Managing Partner the LLC, 510 W. 135th Street, RM 9, with the Secy of State of NY (SSNY) 8/26/11. Office location: NY County. WEB# 34283 631.873.5362 NY, NY, 10031. Purpose of LLC: Any on 8/18/11. Office loc: NY Cty. SSNY SSNY has been designated as agent lawful activity. designated as agent upon whom upon whom process may be served process may be served and shall mail and shall mail a copy of any process Notice of Qualification of MTGLQ a copy of any process to the principal to the principal business address: 51 Investors, L.P. Authority filed with NY business address: 435 E86 St. #2B, NY, W. 69th St. #4D, NY, NY 10023. PUBLIC & LEGAL NOTICES Dept. of State on 9/22/11. Office NY 10028. Purpose: any lawful acts. Purpose: any lawful acts. location: NY County. Princ. bus. addr.: 200 West St., NY, NY 10282. Notice of Qualification of Nine & C, XRS OPERATING L.P., a domestic Notice of Formation of 666 PH LLC. Notice of Formation of NIERENBERG LP formed in DE on 12/29/93. NY LLC. App. for Auth. filed with Secy. of Limited Partnership (LP) filed with Arts. of Org. filed with Secy. of State CONSULTING GROUP, LLC. Arts. of Sec. of State designated agent of LP State of NY (SSNY) on 10/12/11. the Sec of State of NY (SSNY) on of NY (SSNY) on 08/25/11. Office Org. filed with Secy. of State of NY upon whom process against it may Office location: NY County. LLC 7/22/11. NY office Location: New location: NY County. Princ. office of (SSNY) on 9/23/11. Office location: be served and shall mail process to: formed in Texas (TX) on 9/29/11. SSNY York County. SSNY is designated as LLC: 666 Broadway, 12th Fl., NY, NY NY County. Princ. office of LLC: c/o CT Corporation System, 111 8th designated as agent of LLC upon whom agent upon whom process against 10012. SSNY designated as agent of Andrea Nierenberg, 420 E. 51st St., Ave., NY, NY 10011. DE addr. of LP: process against it may be served. the LP may be served. SSNY shall LLC upon whom process against it Ste. 12D, NY, NY 10022. SSNY 1209 Orange St., Wilmington, DE SSNY shall mail process to the TX mail a copy of any process against may be served. SSNY shall mail designated as agent of LLC upon 19801. Name/addr. of genl. ptr. address of LLC: 1919 Post Oak Park the LP served upon him/her to The process to Andrews Building Corp., whom process against it may be available from NY Sec. of State. Drive, Ste. 3101, Houston, TX 77027. LP, c/o XRS Management Inc., Attn: Attn: Eugene Andrews or Naomi served. SSNY shall mail process to Cert. of LP filed with DE Sec. of Arts. of Org. filed with TX Secy. of Donald F. Healy, 244 E. 53rd St., NY, Cahana-Andrews at the princ. office of the LLC at the addr. of its princ. State, 401 Federal St., Dover, DE State, 1019 Brazos, Austin, TX 78701. NY 10022. Latest date to dissolve the LLC. Purpose: Any lawful activity. office. Purpose: Any lawful activity. 19901. Purpose: any lawful activity. Purpose: any lawful act or activity. 12/31/2050. General purposes.

24 | Crain’s New York Business | November 21, 2011 nb47p24-26cl.qxp 11/18/11 3:50 PM Page 25

PUBLIC & LEGAL NOTICES

Notice of Qualification of USPF IV Notice of Appl. for Auth. of Frost Notice of Qualification of South Point Notice of Qualification of Trump NOTICE OF FORMATION of 88 Classic, Laurel Retail GP LLC. Authority filed Leonard Manager LLC, a foreign Holdings, LLC. Authority filed with Books LLC. Authority filed with LLC. Article of Organization filed with with NY Dept. of State on 8/19/11. limited liability company (LLC). Appl. NY Dept. of State on 9/19/11. Office Secy. of State of NY (SSNY) on the Secretary of State of NY (SSNY) Office location: NY County. Princ. for Auth. filed with SSNY on 6-24-11. location: NY County. LLC formed in 10/6/11. Office location: NY County. on 06/16/11. Office location: NY bus. addr.: Two Ravina Dr., Ste. 400, LLC organized in DE on 6-20-11. Office MI on 8/19/11. NY Sec. of State LLC formed in Delaware (DE) on County. SSNY has been designated Atlanta, GA 30346. LLC formed in location: NY Cty. SSNY designated designated agent of LLC upon whom 10/3/11. SSNY designated as agent as agent upon whom process against DE on 7/19/11. NY Sec. of State as agent of the LLC upon whom process against it may be served and of LLC upon whom process against it may be served. The Post Office designated agent of LLC upon whom process against it may be served. shall mail process to: National it may be served. SSNY shall mail address to which the SSNY shall mail process against it may be served SSNY shall mail copy of process to: Corporate Research, Ltd., 10 E. 40th process to: c/o National Registered a copy of any process against the and shall mail process to: CT c/o The Maxal Group, Inc., Attn: Mr. St., 10th Fl., NY, NY 10016, regd. Agents, Inc., 875 Ave. of the LLC served upon him is C/O Jason Corporation System, 111 8th Ave., Bruce Sturman, 30 Van Dam Street, agent upon whom process may be Americas, Ste. 501, NY, NY 10001, White, 3340 Peachtree Road, N.E., NY, NY 10011. DE addr. of LLC: The New York, NY 10013. DE address of served. MI and principal business also the registered agent. Principal Suite 2540 Tower Place, Atlanta, GA Corporation Trust Co., 1209 Orange LLC c/o Nat’l Registered Agents, Inc., addr.: 1946 Turner NW, Grand Rapids, office address: 725 Fifth Ave., NY, 30326. Date of Dissolution: n/a. St., Wilmington, DE 19801. Cert. of 160 Greentree Dr., Ste. 101, Dover, DE MI 49504. Cert. of Org. filed with Dir. NY 10022. Address to be maintained Purpose of LLC: to engage in any Form. filed with DE Sec. of State, 19901. Cert. of Form. on file with DE of Bureau of Commercial Services, in DE: 160 Greentree Dr., Ste. 101, lawful act or activity. Street address 401 Federal St., Dover, DE 19901. Dept of State, Div. of Corps, 401 2501 Woodlake Cir., Okemos, MI Dover, DE 19904. Arts of Org. filed of Principal Business location is: 20 Purpose: all lawful purposes. Federal St., Ste. 4, Dover, DE 19901. 48864. Purpose: all lawful purposes. with the DE Secretary of State, 401 Pine Street, #606, N.Y., N.Y., 10005. Purpose: Any lawful act or activity. Federal St., Ste. 4, Dover, DE 19901. Notice of Formation of Limited BKC RENAISSANCE, LLC, a domestic Purpose: any lawful activities. Notice of Formation of Jon Kilmer Liability Company (LLC) Name: AP Notice of Formation of 4800 Bear Road Limited Liability Company (LLC), filed Studios, LLC. Arts. of Org. filed with CAPITAL MANAGEMENT, LLC. Operating Company, LLC. Arts. of with the Sec of State of NY on 10/6/11. Notice of Formation of Gezunte NY Dept. of State on 10/20/2011. LLC Articles of Organization filed by the Org. filed with NY Dept. of State on NY Office location: New York County. Bagel, LLC. Articles of Org. filed with formation on 11/1/2011. Office location: Department of State of New York on: 10/12/11. Office location: NY County. SSNY is designated as agent upon the Secretary of State of New York NY County. Sec. of State designated 10/04/2011. Office location: County Sec. of State designated agent of LLC whom process against the LLC may (SSNY) on 10/05/2011. Office location: agent of LLC upon whom process of New York. Purpose: any and all upon whom process against it may be served. SSNY shall mail a copy of New York County. SSNY has been against it may be served and shall lawful activities. Secretary of State of be served and shall mail process to any process against the LLC served designated as agent upon whom mail process to: Jonathan W. Kilmer, New York (SSNY) designated as the principal business addr.: 145 E. upon him/her to Robert E. Michael & process against the LLC may be 277 Ave. C, Apt. 7A, NY, NY 10009, agent of LLC upon whom process 57th St., 11th Fl., NY, NY 10022. Assoc. PLLC, 950 3rd Ave., Ste. 2500, served. SSNY shall mail a copy of regd. agent upon whom process may against it may be served. SSNY shall Purpose: any lawful activity. NY, NY 10022. General Purposes. process to: The LLC., 121 West 19th be served. Term: until 1/1/2041. mail copy of process to: 75 Broad Street, New York, NY 10011. Purpose: all lawful purposes. Street #24 Fl New York, NY 10004. Notice of Formation of OTTERNAT Notice of Formation of Ai Vy Springrolls, Purpose: any lawful activity. LLC. Arts. of Org. filed with NY Dept. LLC. Org. filed with Secy. of State of NOTICE OF FORMATION OF Scan Notice of formation of GASM.ORG of State on 9/29/11. Office location: NY (SSNY) on 10/14/10. Office loca- NOTICE OF FORMATION OF OFFICE Studios LLC. Arts of Org filed with L.L.C., Arts. of Org. filed with Secy. NY County. Princ. bus. addr.: 107 tion: NY County. SSNY designated FOR VISUAL AFFAIRS LLC. Arts of the Secy of State of NY (SSNY) on of State of NY (SSNY) on 3/24/11. Sullivan St., NY, NY 10012. Sec. of as agent of LLC upon whom process Org filed with the Secy of State of NY 9/12/11. Office loc: NY Cty. SSNY Office located in: NY County. SSNY State designated agent of LLC upon against it may be served. SSNY shall (SSNY) on 06/21/11. Office loc: NY has been designated as agent upon has been designated for service of whom process against it may be mail process to LLC: Suite 202, County. SSNY designated as agent whom process may be served and process. SSNY shall mail copy of served and shall mail process to: c/o 7014 13th Ave Brooklyn, NY 11228. upon whom process may be served shall mail a copy of any process to any process to: the LLC, 789 West Mark Rosenblum, CPA, 37 Brighton Purpose: any lawful activity. and shall mail process to: 299 the principal business address: 817 End Ave, 12B, NY, NY 10025. 11th St., Brooklyn, NY 11235. Broadway, Ste 1305, NY, NY 10007. Broadway, Suite 1019, New York, NY 10006. Purpose: any lawful acts. Purpose: Any lawful purpose. Purpose: all lawful purposes. BEND IN THE ROAD, LLC Articles of Principal business address: 87 Org. filed NY Sec. of State (SSNY) Chrystie St, Ste 5B, NY, NY 10002. 77 NY @ 46 ST, LLC, a foreign Limited 6/20/11. Office in NY Co. SSNY Purpose: any lawful acts. Notice of Formation of Makes Sense! NOTICE OF FORMATION OF LIMITED LLC. Arts. Of Org. filed with NY Liability Company (LLC) filed with the LIABILITY COMPANY. NAME: DOG desig. agent of LLC upon whom NOTICE OF FORMATION OF Dept. of State on 10/11/11. SSNY Sec of State of NY (SSNY) on 9/27/11. BITE ADVERTISING, LLC. Articles of process may be served. SSNY shall JASMONOIDES LLC. Arts of Org filed designated agent of LLC upon whom NY office Location: New York County. Organization were filed with the mail copy of process to 30 Leroy St., with the Secy of State of NY (SSNY) process against it may be served SSNY is designated as agent upon Secretary of State of New York (SSNY) NY, NY 10014, which is also the on 06/27/11. Office loc: NY Cty. SSNY and shall mail process to c/o General whom process against the LLC may on 10/14/11. Office location: New York principal business location. Purpose: designated as agent upon whom Counsel, 6 E 43rd Street, FL 24, NY, be served. SSNY shall mail a copy County. SSNY has been designated as Any lawful purpose. process may be served and shall mail NY 10017. Primary place of business of any process against the LLC served agent of the LLC upon whom process process to: c/o United States Corpo- is 6 E 43rd Street, NY, NY 10017. upon him/her to David Glassman Esq, against it may be served. SSNY shall Rule Of Three Design LLC. Arts. Of ration Agents, Inc. 7014 13th Ave, Ste Purpose: Any Lawful Purpose. 49 W 24th St 3rd Fl, NY, NY 10010. mail a copy of process to the LLC, c/o Org. filed with NY Dept. of State on 202 Bklyn, NY 11228. Principal busi- General purposes. Proner & Proner, 60 East 42nd Street, 4/17/11. Office in NY County. SSNY ness address: 330 East 38th St, NY, NOTICE OF FORMATION of Orme New York, New York 10165. Purpose: designated agent of LLC upon whom NY 10016. Purpose: any lawful acts. Square Law, PLLC. Arts. of Org. filed Avenue of Admissions LLC Articles of For any lawful purpose. process against it may be served. with Secretary of the State of NY Org. filed NY Sec. of State (SSNY) SSNY shall mail process to Dominic Notice of Formation of william herbst (SSNY) on 09/26/11. Office Location: 09/19/2011. Office in NY County. Ventura, 350 E. 52nd St. #6C, NY, NY Notice of Qualification of CPM GROUP group llc. Arts of Org. filed with NY NY County. SSNY designated as SSNY designated Agent of LLC upon 10022. Purpose: General. LLC. Authority filed with Secy. of Secy of State (SSNY) on 3/18/11. agent upon whom process against whom process may be served. SSNY State of N.Y. (SSNY) on 6/17/11 under Office location: New York County. LLC may be served. SSNY shall shall mail copy of process to 40 Wall the fictitious name CPM Advisory Notice of Qualification of Liberty SSNY is designated as agent of llc mail copy of process (c/o PLLC): St., 28th FL NY, NY 10005. Purpose: LLC. Office location: New York County. Harbor Natural Resources Offshore upon whom process against it may 780 Greenwich Street, #5K, NY, NY Any lawful purpose. LLC formed in Delaware (DE) on GP, LLC. App. for Auth. filed with Secy. be served. SSNY shall mail process 10014. Purpose: Law Firm. 5/31/11. SSNY designated as agent of State of NY (SSNY) on 9/21/11. to 211 East 51st St. Eleven D, New NOTICE OF QUALIFICATION OF of LLC upon whom process against Office location: NY County. LLC York, NY, 10022. Purpose: Any law- NOTICE OF FORMATION of MAVEL NuVel Technica, LLC. Arts. of Org. it may be served. SSNY shall mail formed in Delaware (DE) on 8/12/11. ful activity. STUDIO LLC. Arts. of Org. filed with filed with Secy. of State of NY (SSNY) process to: c/o United Corporate SSNY designated as agent of LLC the Secy. of State of NY (SSNY) on on 08/16/11. Office in NY County. Services, Inc., 10 Bank St., Ste. 560, upon whom process against it may be Notice of Formation of GEN Y CAPITAL 10/19/11. Office location: NY County. Formed in NJ: 09/2010. SSNY desig- White Plains, NY 10606. DE address served. SSNY shall mail process to: 200 PARTNERS I LLC. Arts. of Org. filed SSNY designated as agent of LLC nated as agent of LLC upon whom of LLC: 874 Walker Road, Suite C, West St., NY, NY 10282. DE address with Secy. of State of NY (SSNY) on upon whom process against it may be process against it may be served. Dover, DE 19904. Arts. of Org. filed of LLC: 1209 Orange St., Wilmington, 11/04/11. Office location: NY County. served. SSNY shall mail process to : SSNY shall mail process to LLC: with DE Secy. of State, 401 Federal DE 19801. Cert. of Form. filed with DE SSNY designated as agent of LLC The LLC, 195 Stanton St., 4H, N.Y., N.Y., 1005 80th St, North Bergen, NJ St., Dover, DE 19901. Purpose: any Secy. of State, P.O. Box 898, Dover, upon whom process against it may be 10002. Purpose: any lawful activity. 07047. Purpose: any lawful activity. lawful activity. DE 19903. Purpose: any lawful activity. served. SSNY shall mail process to Lowenstein Sandler PC, Attn: Peter Notice of Formation of ETS CAPITAL D. Greene, Esq., 1251 Ave. of the III, LLC. Arts. of Org. filed with Secy. Americas, NY, NY 10020. Purpose: of State of NY (SSNY) on 11/07/11. WANT TO GET YOUR Any lawful activity. Office location: NY County. SSNY designated as agent of LLC upon Notice of Qualification of Pure Growth whom process against it may be COMPANY IN FRONT OF Partners LLC. Authority filed with served. SSNY shall mail process to Secy. of State of NY (“SSNY”) on Timothy P. Terry, 667 Madison Ave., NEW YORK CITY’S INFLUENTIAL 7/21/11. Office location: NY County. 24th Fl., NY, NY 10065. Purpose: LLC formed in DE on 6/2/10. SSNY Any lawful activity. designated agent of LLC upon whom BUSINESS PROFESSIONALS? process against it may be served. NOTICE OF FORMATION of Luma SSNY shall mail process to: Alison Realty I LLC Art. of Org filed Sec’y of Newman, Alston & Bird LLP, 90 Park State (SSNY) 10/26/11. Office location: Contact John Gallagher Avenue, NY, NY 10016. Bus. addr.: New York County. SSNY designated at 212-210-0189 575 Madison Ave., NY, NY 10022. DE as agent of LLC upon whom process addr. of LLC: United Co. Services, against it may be served. SSNY for classified Inc., 874 Walker Road, Suite C, Dover, shall mail copy of process to c/o DE 19904. Cert. of LLC filed with DE James P. DeMare, 25 North Moore advertising opportunities. Secy. of State, 401 Federal St., Dover, St., Apt 4B, New York, NY 10013. DE 19901. Purpose: any lawful activity. Purpose: any lawful activities.

November 21, 2011 | Crain’s New York Business | 25 nb47p24-26cl.qxp 11/18/11 3:50 PM Page 26

PUBLIC & LEGAL NOTICES

Notice of Qualification of ICON NOTICE OF QUALIFICATION of Notice of Formation of Commanders Notice of Formation of HUDSON NOTICE OF FORMATION OF The Northern Leasing 11, LLC. Authority Gemini Hospitality Management, LLC. of the Board LLC. Arts. of Org. filed CITYPOINT LLC. Arts. of Org. filed Wilderness of Manitoba/tinyOGRE, filed with Secy. of State of NY (SSNY) Authority filed with Secy. of State of NY with Secy. of State of NY (SSNY) on with Secy. of State of N.Y. (SSNY) on LP. Application for Authority filed on 11/02/11. Office location: NY (SSNY) on 10/11/11. Office location: 10/26/11. Office location: NY County, 3/26/10. Office location: New York with the Secretary of State of New County. LLC formed in Delaware (DE) NY County. LLC formed in Delaware SSNY designated as agent of LLC County. SSNY designated as agent of York (SSNY) on May 20, 2011. Office on 02/02/11. Princ. office of LLC: (DE) on 10/04/11. SSNY designated upon whom process against it may be LLC upon whom process against it location: NEW YORK County. LP ICON Capital Corp., 100 Fifth Ave., 4th as agent of LLC upon whom process served. SSNY shall mail process to may be served. SSNY shall mail formed in DE on November 29, 2010. Fl., NY, NY 10011. SSNY designated against it may be served. SSNY shall the LLC, c/o Renee Yarzig, 160 process to: The LLC, 826 Broadway, SSNY has been designated as an as agent of LLC upon whom process mail process to: William T. Obeid, c/o Riverside Blvd., Ste. 17C, New York, NY 11th Floor, New York, NY 10003. agent upon whom process against it against it may be served. SSNY shall Gemini Real Estate Advisors, LLC, 200 10069. Purpose: any lawful activity. Purpose: any lawful activity. may be served. The Post Office mail process to the LLC at the addr. of Park Avenue South, Suite 1305, New address to which the SSNY shall mail its princ. office. DE addr. of LLC: 2711 York, NY 10003. DE address of LLC: a copy of any process against the LP Notice of Formation of Falcon Jewelry, NOTICE OF FORMATION OF Mary Centerville Rd., Ste. 400, Wilmington, c/o National Registered Agents, Inc., served upon him/her is: 276 Fifth LLC. Arts. of Org. filed with Secy. of Hilton Creative, LLC. Arts of Org filed DE 19808. Arts. of Org. filed with Secy. 160 Greentree Drive, Suite 101, Dover, Avenue, Suite 604, New York, NY State of NY (SSNY) on 9/15/11. Office with the Secy of State of NY (SSNY) of State of DE, Div. of Corps., John G. Delaware 19901. Cert. of LLC filed location: NY County. SSNY designated 10001. The principal business Townsend Bldg., 401 Federal St., Ste. with DE Secy. of State, 401 Federal St., on 08/04/11. Office loc: NY. SSNY has address of the LP is: 276 Fifth as agent of LLC upon whom process been designated as agent upon whom 4, Dover, DE 19901. Purpose: Any Ste. 4, Dover, DE 19901. Purpose: against it may be served. SSNY shall Avenue, Suite 604, New York, NY lawful activity. any lawful activity. process may be served and shall mail 10001. DE address of LP is: 2711 mail process to: The LLC, c/o S&K a copy of any process to the principal Statutory Agent Services, Inc., 3475 Centerville Road, Suite 400, business address: 57 W. 10th St., NY, Wilmington, DE 19808. Certificate of Notice of Formation of HemptexUSA NOTICE OF FORMATION of Farm Ridgewood Rd., Akron, OH 44333. NY 10011. Purpose: any lawful acts. LLC Arts. Of Org. filed with Secy. of to Fork NY LLC. Arts of Org filed Purpose: any lawful activity. LP filed with Secretary of State of State of NY (SSNY) on 8/29/11 Office with the Secy of State of New York DE located at: 401 Federal Street, location: NY County. SSNY designated (SSNY) on 10/5/11. Office loc: NY NOTICE OF FORMATION OF: Sarma Suite 4, Dover, DE 19901. Purpose: as agent of LLC upon whom process Cty. SSNY designated as an agent Name of LLC: AlShamsi Capital LLC. Holdings WV, LLC. Arts of Org filed any lawful act or activity. against it may be served. SSNY shall upon whom process may be served Arts. of Org. filed with NY Dept. of with Sec of State of NY (SSNY) on mail process to LLC: 110 W 40th NY and shall mail a copy of any process State: 10/27/11. Office loc.: NY Co. 9/22/2011. Office location: NY NOTICE IS HEREBY GIVEN that a NY 10018. Purpose:any lawful activity. to the principal business address: Sec. of State designated agent of County. SSNY is designated as agent license number 1258435 for an on 200 West End Ave., Apt 16E, NY LLC upon whom process against it upon whom process against LLC may premises liquor license has been may be served and shall mail process NOTICE OF FORMATION OF Aiyer & NY 10023. Purpose: any lawful act. be served. SSNY shall mail a copy of applied for by Mika Japanese Cuisine to: c/o Business Filings Inc., 187 Wolf any process against LLC to: 56 & Bar Inc. to sell liquor at retail in a Petkos, PLLC. Arts of Org filed with Rd., Ste. 101, Albany, NY 12205, the Secy of State of NY (SSNY) on Notice of Formation of 712 WEST Charles St., #2, New York, NY 10014. restaurant under the Alcoholic regd. agt. upon whom process may Purpose: any lawful act or activity. Beverage Control Law at 150 Centre 09/08/11. Office loc: NY County. ASSOCIATES LLC. Arts. Of Org. filed be served. Purpose: any lawful act. SSNY has been designated as agent with Secty of State of NY (SSNY) on Street, New York, N.Y. 10013 for on upon whom process may be served 9/27/11. Office location: New York Notice is hereby given that a license premises consumption. and shall mail a copy of any process County. SSNY designated as agent of Notice is hereby given that a license (#TBA) for EATING PLACE BEER has to the principal business address: LLC upon whom process against it may (#TBA) for BEER & WINE has been been applied for by ALPHABET CITY Notice of Qualification of Starr 226 W. 78th Street, #5A, NY, NY be served. SSNY shall mail process applied for by WINE GROUP BEER CO., LLC at retail, in a Restau- Protection Solutions, LLC. Authority 10024. Purpose: any lawful acts. to: The LLC, Attn: General Counsel, MANHATTAN INC. at retail, in a rant, under the ABC Law at 96 AVE filed with NY Dept. of State on 10/19/11. 521 Fifth Avenue, Suite 1804, New Restaurant, under the ABC Law at C GROUND FLOOR STORE NY, NY Office location: NY County. LLC Notice of Formation of FNA Medical York, NY 10175. Purpose: Acquisition 405 W. 44 ST. NY, NY 10018 for on- 10009 for on-premises consumption. formed in IL on 9/6/11. NY Sec. of Diagnostics, PLLC. Arts. Of Org. filed of a 40 unit apartment building. premises consumption. State designated agent of LLC upon with Secy. of State of NY (SSNY) on whom process against it may be Johnny Richie LLC. Arts. Of Org. filed 10/18/2011. Office location: NY County. Notice of formation of a Limited Notice of Formation of 4459 Bailey served and shall mail process to: c/o SSNY designated as agent of PLLC with Secy of State of NY (SSNY) on CT Corporation System, 111 8th Ave., Liability Company: Name: THE CIRIC Avenue Operating Company, LLC. 8/24/11. Office in NY County. SSNY upon whom process against it may be NY, NY 10011, regd. agent upon whom LAW FIRM, PLLC, Articles of Arts. of Org. filed with NY Dept. of designated agent of LLC upon whom served. SSNY shall mail process to: The process may be served. Principal Organization filed with the Secretary State on 10/12/11. Office location: process against it may be served. PLLC, 300 W 110th st. #3K, NY, NY of State of New York (SSNY) on NY County. Sec. of State designated office addr.: 399 Park Ave., NY, NY 10026. Purpose: any lawful activity. SSNY shall process to John 09/27/2011. Office location: New York agent of LLC upon whom process Lindamood, 145 E 16th St., Ste 7K, 10022. Cert. of Org. filed with IL Sec. County. SSNY has been designated against it may be served and shall NY, NY 10003. Purpose: General of State, 501 S. 2nd St., Springfield, IL NOTICE of formation of Sander as agent of the LLC upon whom mail process to the principal business 62756. Purpose: all lawful purposes. Rabin MD JD PLLC. Arts of Org filed process against it may be served. addr.: 145 E. 57th St., 11th Fl., NY, NY w/Sec of State of NY on 9/21/11. SSNY shall mail a copy of process to: 10022. Purpose: any lawful activity. Notice of Qualification of ASTAR Notice of Qualification of ARC Office location: NY County. Business THE CIRIC LAW FIRM, PLLC, 622 East CAPITAL GROUP, LLC. Authority NYGRNAV004, LLC. Authority filed Filings Inc 187 Wolf Rd Ste 101 20th Street, #2a, New York, NY 10009. Notice of Qualification of RM-36 filed with Secy. of State of NY (SSNY) with Secy. of State of NY (SSNY) on Albany NY 12205 designated as Purpose: Any Lawful Purpose. Operating LLC. App. for Auth. filed on 11/09/11. Office location: NY 10/18/11. Office location: NY County. agent for service of process against with Secy. of State of NY (SSNY) on County. LLC formed in Delaware (DE) LLC formed in Delaware (DE) on PLLC and shall mail copy to Sander Notice of Qualification of G VALUE 10/3/11. Office location: NY County. on 10/31/11. Princ. office of LLC: 09/28/11. Princ. office of LLC: 106 Rabin at principal business address: PARTNERS GP, LLC. Authority filed LLC formed in Delaware (DE) on 152 W. 57th St., 52nd Fl., NY, NY York Rd., Jenkintown, PA 19046. 1350 Broadway Suite 2500 NY NY with Secy. of State of NY (SSNY) 8/31/11. SSNY designated as agent 10019. SSNY designated as agent of SSNY designated as agent of LLC 10018. Purpose: any lawful activity. on 10/4/2011. Office location: NY of LLC upon whom process against it LLC upon whom process against it upon whom process against it may County. LLC formed in Delaware (DE) may be served. SSNY shall mail may be served. SSNY shall mail be served. SSNY shall mail process Notice of Qualification of 195 on 9/26/2011. Princ. office of LLC: process to: c/o United Corporate process to Attn: Dana Eagleton at the to c/o CSC, 80 State St., 6th Fl., Broadway Owner LLC. Authority filed 546 5th Ave., 14th Fl., NY, NY 10036. Services, Inc. (UCS), 10 Bank St., princ. office of the LLC. DE addr. of Albany, NY 12207. DE addr. of LLC: with NY Dept. of State on 10/25/11. SSNY designated as agent of LLC Ste. 560, White Plains, NY 10606. DE LLC: 2711 Centerville Rd., Ste. 400, c/o Corporation Service Co., 2711 Office location: NY County. Princ. upon whom process against it may be address of LLC: c/o UCS, 874 Walker Wilmington, New Castle Cnty., DE Centerville Rd., Ste. 400, Wilmington, bus. addr.: 150 E. 52nd St., 25th Fl., served. SSNY shall mail process to Road, Ste. C, Dover, DE 19904. Arts. 19808. Arts. of Org. filed with Jeffrey DE 19808. Arts. of Org. filed with DE NY, NY 10022. LLC formed in DE on the LLC at the princ. office of the LLC. of Org. filed with DE Secy. of State, W. Bullock, Secy. of State of DE, 401 Secy. of State, Div. of Corps., 401 6/17/11. NY Sec. of State designated DE addr. of LLC: Corporation Service Townsend Bldg., Dover, DE 19901. Federal St. - Ste. 4, Dover, DE Federal St., Ste. 4, Dover, DE 19901. agent of LLC upon whom process Co., 2711 Centerville Rd., Ste. 400, Purpose: any lawful activity. 19901. Purpose: Any lawful activity. Purpose: Any lawful activity. against it may be served and shall Wilmington, DE 19808. Arts. of Org. mail process to: c/o CT Corporation filed with Secy. of State of DE, Div. of System, 111 8th Ave., NY, NY 10011, Corps., John G. Townsend Bldg., 401 regd. agent upon whom process may Federal St. - Ste. 4, Dover, DE 19901. Place your business card in Crain’s Business Connections be served. DE addr. of LLC: 1209 Purpose: Any lawful activity. and reach New York City’s Top Level Executives Orange St., Wilmington, DE 19801. Cert. of Form. filed with DE Sec. of Notice of Qualification of EXG 430W37 State, 401 Federal St., Dover, DE LLC. Authority filed with Secy. of 19901. Purpose: all lawful purposes. State of NY (SSNY) on 9/20/11. Office location: NY County. LLC Notice of Qualification of BVK-RREEF formed in Delaware (DE) on 9/16/11. 412 West 14th Street 1N, LLC. SSNY designated as agent of LLC Contact Authority filed with NY Dept. of State upon whom process against it may on 9/30/11. Office location: NY be served. SSNY shall mail process her County. LLC formed in DE on to: c/o CT Corporation System, 111 John Gallag newyork.com 9/28/11. NY Sec. of State designated Eighth Ave., NY, NY 10011, also the jgallagher@crains agent of LLC upon whom process registered agent. Principal office against it may be served and shall address: 805 Third Ave., 7th Fl., NY, 212.210 .0189 mail process to: c/o CT Corporation NY 10022. Address to be maintained System, 111 8th Ave., NY, NY 10011. in DE: Corporation Trust Center, 1209 DE address of LLC: 1209 Orange St., Orange St., Wilmington, DE 19801. Wilmington, DE 19801. Cert. of Arts of Org. filed with the DE Form. filed with DE Sec. of State, Secretary of State, 401 Federal St., 401 Federal St., Dover, DE 19901. Ste. 4, Dover, DE 19901. Purpose: Purpose: all lawful purposes. any lawful activities.

26 | Crain’s New York Business | November 21, 2011 Project2:fp template.qxd 11/17/11 11:40 AM Page 1

IT’S TOO K AY LOVE YOUR WORK Crain's 2011 Best Places to Work in NYC Luncheon

On December 2nd, join Crain's New York Business as we unveil the rankings of the 2011 Best Places to Work in New York City. Help us celebrate the companies in NYC that provide their employees with the best work environments through their ongoing commitment to employee happiness.

GREAT WORKPLACES: A panel discussion on how to create environments that allow employees to excel, featuring innovators HOW TO CREATE ONE on the topics of workplace culture, talent, salaries, & KEEP IT THAT WAY retention, recruitment and diversity. Each panelist is a leader from one of the Best Places to Work.

Joseph DePaolo Aedhmar Hynes Netta Samroengraja Lisa J. Sotto, Managing Patrick Sullivan CEO, Signature Bank CEO, Text 100 CFO, ZocDoc Partner, Hunton & CEO & President, Williams New York RightsFlow Oﬃce

Date: Friday, December 2, 2011 Time: 12:00pm - 12:30pm Registration & Networking 12:30pm - 2:00pm Lunch & Rankings Revealed Location: The Sheraton, 811 Seventh Ave NY, NY Table of Ten: $2,999 Individual Ticket: $299 REGISTRATION: crainsnewyork.com/events-bestplaces

facebook.com/crainsnewyork @crainsnewyork 20111121-NEWS--0028-NAT-CCI-CN_-- 11/17/2011 12:29 PM Page 1

FOR THE RECORD

Elaine Armstrong at (347) 396-4719 or Organization, was represented in-house common stock at prices ranging from [email protected]. by Grant Greenspan.The asking rent was $11.35 to $11.84 between Nov. 3 and ABOUT THIS SECTION $30 per square foot. Nov. 4, in a transaction worth ● Department of Information Technology $17,517,800. He indirectly holds FOR THE RECORD is a weekly listing of information from the public record that and Telecommunications RETAIL 58,025,000 shares. can help businesspeople in the New York area find opportunities, potential Requests proposals by 3 p.m. on Dec. 12 ● Chase Bank signed a lease for 4,500 new clients and updates on competitors. for a variety of production services for square feet at Flushing’s Sky View Leucadia National Corp. purchased To ask questions or get more information on this section, contact Suzanne different platforms, including television, Center, at 40-24 College Point Blvd. TRS 1,500,000 shares of common stock at Panara at [email protected]. Internet and radio to be provided as Associates Inc.’s Daniel Brown prices ranging from $11.35 to $11.84 the need for programming arises. To represented the tenant, while the between Nov. 3 and Nov. 4, in a make inquiries, contact Margaret landlord, Onex Real Estate Partners, transaction worth $17,517,800. It Budzinska at (212) 788-6510 or was represented in-house. The asking indirectly holds 58,006,000 shares. [email protected]. rent was not disclosed. BANKRUPTCIES of plumbing systems and equipment at ● Bristol-Myers Squibb Co. (BMY) various child care centers of the five ● Economic Development Corp. ● Harlem Wine Gallery signed a 10- James M. Cornelius, chairman, exercised The following listings are selected from the boroughs. Bid forms and specifications Requests proposals by 4 p.m. on Dec. 19 year lease for 1,300 square feet at 752 options on 440,188 shares of common most recent available filings by companies can be obtained free of charge from the for the sale and development of a vacant Nicholas Ave. Prudential Douglas stock at $17.51 on Oct. 31, in a seeking bankruptcy protection in the ACS website: http://www.nyc.gov/html/ 8,600-square-foot parcel of land located Elliman’s Arthur Maglio represented the transaction worth $7,707,692. On the Southern and Eastern Districts of New acs/html/home/home.shtml. Further at 307 Rutledge St. (Block 2221, Lot 42) tenant, while Joseph Aquino and Faith same day, he sold 440,188 shares of York. Information was obtained from U.S. assistance should be requested by email. in Brooklyn. Respondents may submit Hope Consolo, also of Prudential common stock at $31.87, in a Bankruptcy Court records available on Please include the name of the company, final questions and or request Douglas Elliman, represented the transaction worth $14,029,804. He now Public Access to Court Electronic Records. complete address, contact name, phone clarifications from NYCEDC no later landlord, Renaissance Realty.The directly holds 993,424 shares. Listings are in alphabetical order. and fax numbers.To make inquiries, than 4 p.m. on Dec. 5. Questions asking rent was $75 per square foot. contact Alex Linetskiy at (212) 341-3457 regarding this RFP should be directed to ● Colgate-Palmolive Co. (CL) ● 1875 Lexington or [email protected]. [email protected]. Answers Noel R. Wallace, president, Colgate 231 Front St., Brooklyn to all questions will be posted by Dec. 12 STOCK TRANSACTIONS North America and global sustainability, Filed for Chapter 11 bankruptcy ● Department of Parks and Recreation to www.nycedc.com/RFP.Please submit exercised options on 31,000 shares of protection on Nov. 10.The filing cites Seeks competitive sealed bids by 10:30 five sets of your proposal as well as one Following are recent insider transactions at common stock at prices ranging from estimated liabilities of $1,000,001 to a.m. on Jan.4 for the reconstruction of the electric version. New York’s largest publicly held companies $54.93 to $60.68 on Nov. 1, in a $10 million and estimated assets of tennis house located east of the west drive filed with the Securities and Exchange transaction worth $1,778,660. On the $1,000,001 to $10 million. Among the on the prolongation of Eighth Street in Commission by executives and major same day, he sold 31,000 shares of creditors with the largest unsecured Prospect Park. A prebid meeting is REAL ESTATE DEALS shareholders. Listings are in order of common stock at $89.38, in a claims are Hess Corp., owed $25,489, scheduled for Monday, Nov. 28, at 11:30 transaction value.The information was transaction worth $2,770,808. He now and Jeffrey Miller & Associates, owed a.m. at the site. Bid documents are Companies that would like to have details obtained from Thomson Reuters. directly holds 70,896 shares. $16,000. available for a fee of $10 in the blueprint of their recent transactions appear in these room, Olmstead Center, Queens, from 8 listings should email descriptions following ● Jeffries Group Inc. (JEF) Neil Thompson, president and chief ● 192 Lenox Realty a.m. to 3 p.m.To make inquiries, contact this format to ELaermer@ Ian M. Cumming, independent director, executive of Hills Pet Nutrition Inc., 303 Dean St., Brooklyn Juan Alban at (718) 760-6771 or crainsnewyork.com, with “Real estate purchased 1,500,000 shares of common exercised options on 16,666 shares of Filed for Chapter 11 bankruptcy [email protected]. transaction” in the subject line, or enter stock at prices ranging from $11.35 to common stock at $73.23 on Nov. 1, in a protection on Nov. 8.The filing cites them online at crainsnewyork.com/ $11.84 between Nov. 3 and Nov. 4, in a transaction worth $1,220,451. Between estimated liabilities of $500,001 to ● Department of Transportation submitadeal. Deals are listed in order of transaction worth $17,517,800. He Nov. 1 and Nov. 2, he sold 16,125 shares $1 million and estimated assets of Seeks competitive sealed bids by 11 a.m. square footage. indirectly holds 58,024,800 shares. of common stock at prices ranging from $500,001 to $1 million. on Dec. 2 for the installation, removal or $88.38 to $88.58, in a transaction worth relocation of equipment furnished by the COMMERCIAL Joseph S. Steinberg, independent $1,428,075. He now directly holds ● Ardsley Village Square Inc. city or by the contractor and for ● Weidlinger Associates signed a lease director, purchased 1,500,000 shares of 31,303 shares. Ⅲ 12 Center St., Ardsley, N.Y. performing other electrical work in for 61,100 square feet at 40 Wall St. The Filed for Chapter 11 bankruptcy connection with the illumination and company will occupy space on the 18th protection on Nov. 7.The filing cites distribution systems in the city of New and 19th floors. Studley’s Joe Messina estimated liabilities of $1,000,001 to $10 York. A deposit of $50 in the form of a represented the tenant, while Cushman DEALS ROUNDUP million and estimated assets of $1,000,001 certified check or money order made & Wakefield Inc.’s Jared Horowitz, to $10 million. Among the creditors with payable to New York City Department of Jeffrey Lichtenberg and Andrew Peretz the largest unsecured claims are Ridge- Transportation is required to obtain bid represented the landlord, The Trump TRANSACTION SIZE wood Savings Bank, owed $2,100,000; documents.To make inquiries, contact Organization. The asking rent was SELLER/TARGET (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE Ridgewood Savings Bank, owed Frank Caiazzo at (718) 786-4061. between $32 and $50 per square foot. Maltby Capital Ltd./ $2,200.0 Sony/ATV Music Publishing (Manhattan), FB M&A $200,000; and Con Edison, owed $8,800. EMI Music Publishing Mubadala Development Co., GSO Capital ● Housing Authority ● Sugar Publishing signed a lease for Partners (Manhattan), Jynwel Capital Ltd., ● JVJ Pharmacy Inc. Seeks competitive sealed bids by 10 a.m. 26,300 square feet at 386 Park Ave. individual investors 74 University Place, Manhattan on Nov. 29 for grounds improvements South.The company will occupy space Goldman Sachs Group $1,098.6 Not disclosed (0.52%) SB M&A Filed for Chapter 11 bankruptcy at Ocean Bay Apartments in Queens. on the ninth and 10th floors. W. Clark Merchant Banking protection on Nov. 3.The filing cites To make inquiries, contact Gloria Finney of Cushman & Wakefield Inc. Division (Manhattan)/ Industrial and Commercial estimated liabilities of $1,000,001 to $10 Guillo at (212) 306-3121 or represented the tenant, while the Bank of China Ltd. million and estimated assets of $0 to [email protected]. landlord, a joint ownership of Monday Kensico Capital $777.6 ZelnickMedia (Manhattan),Comvest FB M&A $50,000. Among the creditors with the Properties and Savanna, was represented ● Management Corp., Investment Partners, Sankaty Advisors, largest unsecured claims are PNC Bank, Housing Authority in-house by Jordan Berger.The asking Katelia Capital Group GSO Capital Partners (Manhattan), owed $3,000,000; Bank of America, Seeks competitive sealed bids by 10 a.m. rent was in the mid-$40s per square foot. Ltd./Tekelec Siris Capital (Manhattan) owed $1,500,000; and Amerisource- on Nov. 30 for the restoration of fire- GRP Partners, $400.0 HMS Holdings Corp. (Manhattan) SB M&A ● Bergen, owed $601,158.59. damaged apartments and related work at The International Federation of Ticonderoga Capital Inc., 1142 Lenox Road-Rockaway Parkway, Accountants signed a lease for 25,000 Redhills Ventures/ ● Pumpkin Press Inc. Brooklyn. Bid documents are available square feet at 529 Fifth Ave. The firm HealthDataInsights Inc. 125 Maiden Lane, Manhattan Monday through Friday, 9 a.m. to 4 p.m. will occupy part of the fifth floor and the Frazier Healthcare $300.0 Salix Pharmaceuticals Ltd. SB M&A Filed for Chapter 7 bankruptcy at 90 Church St., Manhattan. The fee is entire sixth floor. The tenant was Ventures, Kelso & Co. protection on Nov. 9.The filing cites $25 in the form of a money order or represented by Studley’s Daniel (Manhattan)/Oceana estimated liabilities of $100,001 to certified check made payable to Horowitz, Gary Kerper and Jeffrey Therapeutics Inc. $500,000 and estimated assets of $0 to NYCHA. To make inquiries, contact Peck. The landlord, a joint ownership of Not disclosed/ $200.0 VantagePoint Capital Partners, GCI $50,000. Among the creditors with the Gloria Guillo at (212) 306-3121 or Silverstein Properties and Loeb Partners Better Place Inc. General Electric Co., HSBC largest unsecured claims are Curtis [email protected]. Realty, was represented in-house by Holdings plc., UBS AG, Israel Corp., Circulation Co., owed $210,377.55; Jeremy Moss and Roger Silverstein. The Morgan Stanley Investment GOODS AND SERVICES Management Inc. (Manhattan), Ofer Cheh Low, owed $78,246.43; and Trans asking rent was in the high $40s per Private Equity, Maniv Energy Capital Continental Printing, owed $23,364.49. ● Department of Citywide Administrative square foot. Services Not disclosed/ $170.0 Tortoise Capital Advisors, GCI ● Teekay Offshore Kayne Anderson Capital Advisors, Seeks competitive sealed bids by 10:30 Brencourt Advisors signed a sublease Partners Fiduciary Asset Management, GOVERNMENT CONTRACT a.m. on Nov. 29 for calcium chloride for 17,000 square feet at 280 Park Ave. Clearbridge Advisors (Manhattan), OPPORTUNITIES flakes. To make inquiries, contact Anna The firm will occupy space on the 30th Salient Capital Advisors Wong at (212) 669-8610 or floor. Newmark Knight Frank’s Daniel Fidelity Investments, $140.6 Landry’s Restaurants Inc. SB M&A Following are selected contract [email protected]. Madison and John Moran III represented Wellington Management opportunities recently announced by New the tenant, while Studley’s John Johnson Co., Fred Alger York City agencies.To learn how to sell ● Department of Health and Mental and Camille McGratty represented the Management Inc. (Manhattan), goods and services to city government, visit Hygiene sublandlord, Landesbank Baden- Dimensional Fund Advisors, www.nyc.gov/selltonyc. For a searchable Requests proposals by 2 p.m. on Dec. 5 Wurttemberg.The initial asking rent was Discovery Group Holding Co./ McCormick & Schmick’s database of current procurement notices, for an appropriately qualified vendor to over $100 per square foot. Seafood Restaurants Inc. visit www.nyc.gov/cityrecord. Listings are provide training in cardiopulmonary alphabetical by category and department. resuscitation, CPR Plus and first aid to ● Paramount Merchant Funding signed a Selected deals announced for the week ended Nov. 13 involving companies in metro New York. 242 FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing the department office of school health five-year lease for 6,500 square feet at shares of a company with the participation of a financial buyer. GCI: Growth capital investment CONSTRUCTION SERVICES physicians, nurses, public health advisers W. 36th St. The firm will occupy space on represents new money invested in a company for a minority stake. SB M&A: Strategic buyer ● Administration for Children’s Services and public health assistants. Proposals the 14th floor.The Kaufman M&A represents a minority or majority acquisition of existing shares of a company without the Seeks competitive sealed bids by 3 p.m. must be hand-delivered to 42-09 28th Organization’s Ian Norris represented the participation of a financial buyer. source: capitaliq on Dec. 5 for the repair and replacement St., Queens.To make inquiries, contact tenant, while the landlord, the Kaufman

28 | Crain’s New York Business | November 21, 2011 20111121-NEWS--0029-NAT-CCI-CN_-- 11/18/2011 7:23 PM Page 1

Signing up mentors is more chal- ment.” at CBS said they are looking to sign Big Brothers lenging for BBBS than most other Mr. Batista is already making up more staffers to the program. mentoring agencies, because the progress. Since he became head of “My perception of (BBBS) is they time commitment is greater. BBBS the nonprofit, the number of His- are in the sweet spot of the things Continued from Page 3 the one Denzel Washington has mentors are required to spend a panic mentors has more than dou- people are concerned about today,” year,Mr.Batista has brought it up to with The Boys and Girls Club. minimum of eight hours a month bled from 4% to 10%. About 15% of said Anthony Ambrosio, executive $8.6 million, and hopes to keep in- But growing the roster of mentors with their mentee, or “Little.” Oth- the mentors are African-American, vice president of human resources creasing it for the next five years. is the agency’s most pressing need.In er groups like Student Sponsor and BBBS is working with 100 and administration at CBS,“particu- To reach his goals,he spends two New York City,471,000 families live Partners, for example, require their Black Men and three African- larly in New York with the issue of afternoons a week making personal below the poverty rate and more than mentors to see their mentee only American fraternities to grow this graduation rates, and kids being pre- phone calls to lapsed donors and 300,000 families are headed by single four to six times a year, and email or number. The nonprofit also needs pared to secure employment.” trying to raise the gifts of existing parents,according to Mr.Batista.To- call them once a month. more men in general—currently Mr. Batista said he needs more ones. Last spring he started an gether those families have about 55% of its mentors are women. companies like CBS. alumni association, and he recently 200,000 people ages 7 to 17,the pop- Making progress Efforts are also under way to re- “When you bring kids to a com- hired a full-time staffer just to focus ulation that BBBS serves. “Many of our mentors invite the gain ground with its corporate pro- pany and they learn what a financial on using social media to raise aware- Last year, BBBS helped a record kids to come to their office or to meet gram, where kids get to visit their person or a lawyer does,they get that ness about the organization. Mr. 3,570 children, 98% of whom are them in the city at a number of events mentors at work. CBS Corp. start- ‘aha’ moment,” he said. Ⅲ Batista is also searching for a minorities. But because mentors are we organize,”said Margaret Minson, ed a partnership with BBBS in celebrity spokesperson who can hard to come by, there is typically a executive director of Student. “Big 2007, and has about 25 employees LISTEN to a discussion at have a relationship with BBBS like waiting list of at least 100 kids. Brothers has a bigger time commit- matched with mentees. Executives CrainsNewYork.com/podcasts NBA crisis hurts biz

Continued from Page 2 the YES Network, which carries New Jersey Nets games, will suffer less than MSG,but it is adding programming as well. There will be more college basketball, possibly more soccer and the new Yankees Baseball Daily. In addition, the Nets, which will move to the new Barclays Center in Brooklyn next fall, are missing a chance to promote their new digs. ESPN and especially TNT will also be scrambling to fill gaps in their programming. While ESPN can turn to college football and basketball, TNT has been resorting to reruns of CSI: New York. The Turner network relies on its NBA playoff games to drive ratings and keep it competitive with rival USA for the top rung among ad- supported cable channels. Silver lining for networks The silver lining is that the cable networks may actually be more profitable without basketball. Time Warner’s TNT and Dis- ney’s ESPN and ABC collectively pay the NBA about $1 billion a year for rights to the games; they netted a total of about $664 million in ad sales last year, according to Credit Suisse analyst Spencer Wang. Because college sports and series reruns are cheaper, an expected ad revenue drop wouldn’t hurt the bot- tom line. “Profitability and margins would improve moderately for each network,” Mr. Wang wrote in a research note last month. The risk, he added, is that fans could remain angry once the dispute is settled and might not come back. Some experts say that’s unlikely,and point to how the National Hockey League has rebounded since a lockout canceled its season in 2004. Others argue that Major League Baseball never completely recov- ered from the 1994-95 strike that cost it a World Series. “That was when you saw baseball wane as the national pastime and football replace it,” said Adam Swanson,an analyst at research firm SNL Kagan, who covers regional sports networks. “Who’s to say that basketball couldn’t be hurt, too?” Ⅲ

November 21, 2011 | Crain’s New York Business | 29 20111121-NEWS--0030-NAT-CCI-CN_-- 11/18/2011 8:33 PM Page 1

Modular thinking could Guv preps for Act II Continued from Page 1 Lancman.“The millionaire’s tax is a shape NY’s future skyline expectations. The governor shrank proxy for that conversation on fair- the budget by capping education ness.” and Medicaid spending and got it Assembly Democrats’ proposed Bruce Ratner wants Using modular housing deal and finds fi- passed on time without tax hikes or 8.97% state income tax on house- techniques could cut nancing, it in- Albany’s usual fiscal chicanery. holds earning at least $1 million 32-story stack to rise residential construction costs tends to make the Mr. Cuomo seeks a repeat per- would generate $4 billion in 2012. at Atlantic Yards by 20%. modules in a fac- formance as he approaches his sec- That would be sufficient to plug the at his Atlantic Yards tory in the city, ond year. But the political winds gap with enough left over to restore said MaryAnne have shifted. Occupy Wall Street member items—the budgetary BY THERESA AGOVINO Gilmartin, exec- has accentuated the public’s dissat- gravy that legislative leaders dole utive vice presi- isfaction with the economy and has out to their members.But Mr.Cuo- Developer Bruce Ratner thinks he dent at Forest emboldened members of Mr. Cuo- mo has stuck to his pledge of no new has found a solution to the city’s vex- City. If the idea mo’s own party to agitate again for a taxes. ing housing shortage and wants to of building this millionaire’s tax. The intraparty tension was on showcase the answer at his massive way takes off, the display at the Democrat’s fall meet- Atlantic Yards project in Brooklyn. factory could cre- Pressure from GOP, Democrats ing last week when resolutions from Forest City Ratner’s chief execu- ate modules for Ironically,Mr.Cuomo’s past suc- progressives calling for the tax were

tive wants to construct 15 apart- architects shop other developers, cess may be his biggest hurdle. He quickly tabled because, as state ment towers planned for the 22-acre creating even closed a $10 billion gap last year,but chairman Jay Jacobs told reporters, site by using modular construction, Forest City in an effort to create per- more jobs.“This has opportunity for most of that deficit was, by the gov- they “could embarrass the gover- claiming it will shave about 20% off manent employment opportunities export,” Ms. Gilmartin said. ernor’s own account, “Albany budg- nor.” the construction costs. He hopes to for our members,”said Gary LaBar- In modular building, roughly eting”—assumed growth based on Mr. Cuomo’s focus on the econ- start assembling and constructing bera, president of the Building and 60% of the construction is done in a omy is an argument against extend- the first test case—a 32-story, 350- Construction Trades Council. factory.That means less congestion, ing the three-year personal income unit residential building stacked on Construction of the site has been noise and pollution around the tax surcharge that expires Dec. 31. the corner of Flatbush Avenue and delayed for years by lawsuits and the building site, Ms. Gilmartin noted. “He’s saying the long-term solu- Dean Street—this spring. soured economy. However, the $4.9 A factory also can be a safer environ- tion is not raising taxes but making “We could build 20% more hous- billion project’s signature element, ment for construction workers as the business climate more competi- ing this way,” Mr. Ratner said. “This the arena that will be the home of they toil inside on the ground rather tive,” said Kenneth Pokalsky, senior could be positive for the city.” the Nets basketball team, is under than outside in the sky. director of government affairs for Mr.Ratner faces numerous chal- way and should be completed next Still, not everyone is convinced the Business Council of New York lenges. He must reach a deal with fall. the new style of construction will be State. “That is how we’re going to various building trade unions in The surrounding residential safe for residents. close the budget gap.” which they’d agree to the lower la- buildings are slated to be built with “Past experience has shown that Long-term policies won’t plug bor costs that modular construction technology using modular units that designing a ‘bracing system’ for pre- this year’s gap,but focusing on them promises. His company also still are constructed offsite, then fitted fabricated steel buildings to protect helps portray the tax as short-term needs to obtain financing. into the steel that serves as the tow- against storms has been challeng- Albany gimmickry, said a source fa- “At this point, we are pursing the er’s frames. The process has been ing,” said local City Councilwoman miliar with the budget process. prefabricated model,” Mr. Ratner widely used in a variety of projects, and longtime Atlantic Yards foe “The millionaire’s tax becomes insisted, adding that Forest City has but never on a structure as tall as the Letitia James. the central issue because it shows the been working on this approach for one planned by Forest City. She called Forest City’s proposal difference between how Silver and more than two years. Designing a bracing system to for modular towers “another despi- bloomberg news Cuomo operate,”the source said,re- protect against wind and other cable slight to the community sur- ferring to Assembly Speaker Shel- New building, more jobs forces has been a challenge. Forest rounding the project by eliminating Sheldon Silver don Silver, who supports the tax. Union officials also hope a deal City believes it has overcome the more crucial jobs for residents, as One resolution that could com- can be struck.“We are in the process problem in collaboration with well as possibly creating less sound is pushing port with the governor’s reform- of attempting to reach an agreement SHoP Architects, Arup structural structures in an attempt to cut costs, mindedness would be an examina- on modular construction that will engineers and XSite Modular. all while Forest City has received Cuomo to tax tion of the tax code, the source said. work for the building trades and If Forest City reaches a union city and state subsidies.” Ⅲ A review of Medicaid last year pro- high earners duced billions of dollars in savings and, like education, capped spend- That’s why some of the newer en- ing growth. Rental sites get hot trants take a sort of hybrid approach. Mr.Lancman said he would sup- At 18-month-old NakedApart- port a similar effort focused on ments.com, for example, apartment automatic double-digit spending “closing loopholes,” such as taxing Continued from Page 3 beat out Rentenna, InsideDigs, Se- hunters can search for free, but bro- increases. With education and carried-interest income—the prof- opportunities online. In June, for- riousrenters.com and former champ ker/landlords pay monthly subscrip- Medicaid spending growth now its fund managers make—at higher mer broker Alicia Schwartz co- NYBits.com—which, at six years, is tion fees starting at $15 a month. capped at about 4%, there is less fat income tax rates, rather than at the founded Rentenna. The site uses a the oldest site of the bunch. to trim from next year’s projected capital gains rate. proprietary scoring system to rank “What differentiates us is, we A winning trajectory budget. the landlord, neighborhood, local keep our listings up-to-date,” said That model appears to be work- And while Republicans have Avoiding Armageddon amenities and other elements that Mark Sperry, vice president of Ur- ing. The site has been profitable for been largely supportive of the gov- Budget season does not official- help make an apartment desirable. banEdge, noting that he has a staff “quite some time,” according to Joe ernor’s fiscal conservatism, ob- ly kick off until the governor sub- By using Facebook alone to attract of three dedicated to maintaining Charat, chief executive of NakedA- servers believe they are unlikely to mits his financial plan in January, a users, the site has drawn more than listings.“There’s nothing that some- partments, who declined to elabo- endorse his budget priorities with- time that will be fraught with issues 1,000 registered users in five one hates more than calling about an rate. “We’re on track to become one out getting something for them- that complicate negotiations. months,according to Ms.Schwartz. apartment that’s already rented.” of the winners in this space,”he said. selves, notably Senate districts Looming largest is the redrawing of “Most of the startups are focus- But no matter how hard the up- Most others are still building drawn to their liking. Mr. Cuomo state legislative lines. If Mr. Cuomo ing on being either the best listing starts try,the brick-and-mortar bro- their audiences and simply hoping has pledged to veto any partisan indeed vetoes gerrymandered dis- aggregator or displaying listings,” kerages insist that all the new e- that once they do, online advertisers reapportionment plan. tricts, it would effectively end Re- she said.“Our site actually takes ob- competition has had little impact. will come calling. Moreover, the refrain of “shared publican control of the Senate— jective criteria to show people in an The reason,they say,is simple: Nav- “Right now, it’s important to get sacrifice”used last year to justify cuts leaving the GOP little reason to instant if a home is worth living in.” igating the myriad intricacies of the people to know about the site,” said has a different tone today.Mr. Cuo- support his budget. Observers be- New York rental market takes a lot Mr. Fakhr of InsideDigs. ”The mo persuaded the state’s two largest lieve the governor will have to cut a Success story more than computer algorithms. money will come.” public unions to accept three-year deal that avoids Republican Ar- One of the biggest online suc- “These sites simply provide ac- Of course, similar models that wage freezes. Now Assembly De- mageddon. cesses to date is 18-month old Ur- cess to info,” said Gary Malin, pres- put eyeballs ahead of profits crashed mocrats,whose own budget analysis But if last year’s on-time budget, banEdgeNY.com. It provides no- ident of Citi Habitats, adding that and burned in the dot-com crash of last week painted an even grimmer property tax cap and marriage equal- fee apartment listings directly from the fees his agency charges often re- 2000.That’s why many in the indus- picture than the governor’s, want to ity legislation are any guide, Mr. landlords. In August, it logged sult in savings because experienced try see a shake-out as all but in- turn the tables. Cuomo knows how to negotiate. 100,000 visitors. Just last week, Ur- brokers sniff out the best deals.“We evitable,with only a handful of firms “Our priorities for the next The question is,what deal will he banEdge got a big boost when pop- know what goes on in the market.” surviving to a prosperous old age. Ⅲ budget are that whatever pain has to make? Ⅲ ular industry blog Curbed.com Even the owners of some of the be inflicted to raise money should be ranked it as the top rental site based new websites agree that their offer- LISTEN to a discussion at shared equally in a way that is fair,” to a discussion at on design, listings and accuracy. It ings will never fully replace brokers. CrainsNewYork.com/podcasts said Assembly Democrat Rory CrainsNewYork.com/podcasts

30 | Crain’s New York Business | November 21, 2011 20111121-NEWS--0031-NAT-CCI-CN_-- 11/18/2011 8:35 PM Page 1

would be effective if the bankruptcy $360,000 a year; meanwhile, Re- its creditors, “the benefits and pro- extreme change of control measures court approved the Revival deal. vival is reimbursing living expenses tections [of bankruptcy],” wrote the that Revival has sought to impose Peninsula Only one member refused to resign. in New York for Mr. Miller, a Mass- trustee. “Revival takes control over upon the debtors in connection with Mr. Miele said he signed the let- achusetts resident. the debtors’ board of directors, in- the financing transactions.” Continued from Page 1 ter.“Are we comfortable with it?” he The bankruptcy court has yet to stalls its employee as the chief exec- The proposed financing deal, last-minute financing deal with a asked. “No. It is an awkward situa- approve the hiring of Mr.Miller and utive, controls the debtors’ profes- wrote the trustee, places Peninsula for-profit Brooklyn company. tion [because the board has fiduci- Peninsula’s advisers—or the Revival sionals … and dictates the terms of “under the control of Revival at both Meanwhile, a bankruptcy court ary responsibility], and yet I’m not deal.The 11th-hour investment that plans proposed by any other parties.” the board and executive levels.” judge will hear arguments next in full control of it because of the saved the 1,000-employee hospital The trustee argues in court doc- Last week, Revival Acquisition month from Peninsula creditors agreement with Revival.” from closure will get further scruti- uments that Peninsula’s law firm, filed a response with the court, say- who are asking the same question as Mr. Miller also recently wrote to ny next month when the court hears Abrams Fensterman, and its re- ing it paid the law firm and consul- they fight the terms of the rescue. DOH’s Mr. Cook that “neither Re- arguments from creditors objecting structuring consultant, Alvarez & tancy through a $1.75 million loan Peninsula’s board signed a deal on vival Acquisition nor any of its affil- to the terms of the rescue. Marsal, have conflicts that align to Peninsula. The Revival affiliate Sept.1 to accept a $27 million bailout iates is operating the hospital.” Yet The U.S.trustee representing the their interests with Revival’s. called it a transaction of “conven- from Revival Acquisition Group and he acknowledged in the missive that creditors said in a filing that if the Alvarez & Marsal, which Penin- ience,” similar to a lender paying a its affiliates. State officials deemed he was still an “employee”of Revival court approves the financing pack- sula intends to pay $160,000 a borrower’s attorney at a mortgage the move an investment in the hos- Home Health Care and that his age,Revival takes immediate control month, was paid a retainer by Re- closing—not proof the advisers pital rather than a change of control “compensation from Peninsula is re- of Peninsula and makes the leap vival’s financing arm even before have “been retained by the lender.” that required government review, mitted to Revival.” The bankrupt from lender to owner.The financing Peninsula filed for bankruptcy. The The court’s hearing on the Re- even though the deal gives the in- hospital is paying Mr. Miller deal gives Revival,not Peninsula and trustee called that an example of “the vival financing is set for Dec. 5. Ⅲ vestor complete oversight of the hospital’s management and operations. But the Crain’s story set off a series of phone calls and correspon- dence starting Nov. 7 between Todd Miller, the new chief executive of Peninsula, and Richard Cook, a deputy commissioner with the De- partment of Health. “We are reviewing the information we recently received,” a DOH spokesman confirmed last week. After the Crain’s article questioned whether Revival has taken control of the hospital instead of just investing in it, DOH sought details on the hospital’s governance and asked why there is no management services contract between Revival and Peninsula,as state law demands. Mr. Miller also admitted to Mr. Cook that Steven Zakheim, the controversial health services entrepreneur who is married to the owner of Revival Home Health Care, is serving as an adviser to him. “Steve Zakheim is providing un- paid consulting services to the management of Peninsula, but he is not a member of the board of directors or its operating committee,” Mr. Miller wrote in a letter to Mr.Cook. In June 2005, Mr. Zakheim pledged not to be involved with Re- vival Home Health Care after it was learned that he had failed to disclose a misdemeanor conviction on a pre- vious application to acquire a nurs- ing home. Mr. Zakheim’s affidavit for DOH stated he would “not have any direct or indirect involvement with the operation, management or control” of the home care agency. Board stiffed Mr. Miller also told DOH after the Crain’s article was published that the Peninsula board was unchanged and included no Revival members. But Peninsula’s board chairman, Joel You see your facility. We see the opportunity Miele Sr., said last week that his board is “not in full control” because to increase your energy savings. of a prebankruptcy agreement that members signed with Revival. If they didn’t sign the contract, which promised an immediate flow of At NYSERDA, we can provide the technical and fi nancial assistance you need to increase your cash,the alternative “was closing the facility’s energy effi ciency. From energy-effi ciency assessments to capital improvements, from hospital,” Mr. Miele explained. new construction projects to industrial process improvements, our experts can help make your One result of the board’s lack of next project a success. In fact, the 1,023 New York City-area facilities that have worked with full control is that it has no authori- NYSERDA since the beginning of 2010 can expect to reduce their energy use by a combined ty over executive recruitment. The 147,112,035 kilowatt hours. Now that’s what we call Measurable Results. board hired Mr. Miller as a condition of the Revival financing deal, Learn how we can help you save energy and money. To request a FREE Solutions Kit, visit which gave Mr. Miller, not the nyserdasolutions.org/nyc, or call 866-NYSERDA. board, control over management hiring and firing. “No one has to go

through the board,” Mr. Miele said. EES-CI-building-ad-1-v7 The Revival rescue also required every board member to submit a letter of resignation in September that

November 21, 2011 | Crain’s New York Business | 31 CN014794 11/17/11 6:09 PM Page 1

Joe Meyer, CEO of HopStop, a leading mobile app for door-to-door realized walking, transit, taxi, biking and the power of hourly car rental directions in CRAIN'S NEW 100+ cities worldwide YORK BUSINESS in sourcing new talent.

While browsing Crain's Resume Review, Joe was delighted to find the resume of a strong mobile app developer.

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CRAIN’S CONNECTS 20111121-NEWS--0033-NAT-CCI-CN_-- 11/18/2011 11:46 AM Page 1

44% of employers are recruiting through LinkedIn more often this year than in 2010 BUSINESS LIVES Source: OI Partners-Gateway International

HOT JOBS EXECUTIVE INBOX Anne Fisher OPERATIONAL RISK OFFICER COMPANY American International Group (AIG) Training JOB DESCRIPTION Lead team of executives to operational risk managers amid transformational change in think globally human resources department AS VICE PRESIDENT for talent MOST IMPORTANT TASK development at J.P. Morgan, and Develop and implement later as director of recruiting at operational risk management Deloitte, Jane Hyun noticed a framework curious thing: Many companies CREDENTIALS NEEDED 15-plus embrace diversity in hiring. years of experience in However, those recruits often enterprise and operational risk don’t get ahead—and sometimes management; understanding of end up quitting in frustration. human resources issues That’s partly because some SALARY $140,000-$230,000 managers “have conflicts with RECRUITER Internal team members from different DOWNSIDE A newly created role cultures who see life, and with no road map for success business, through different lenses,” Ms. Hyun said recently. UPSIDE Helping firm reduce operational loss and exposure The problem seems especi- to future risks ally acute for Asian-Americans. Consider: Although they make up AIG is a leading international 5% of the U.S. population, and insurance and financial services organization with 16% of all Ivy League college operations around the world. grads, Asians hold only 2% of executive positions at Fortune —HELEN KWONG 500 companies, according to a recent study by the nonprofit BIG DAY: Isidro Saldana, Center for Work-Life Policy. EXECUTIVE MOVES who delivers food for About 10 years ago, Ms. Citymeals-on-Wheels, will Hyun, who was born in Korea, BMI: Susan Davenport make sure Gabriel Cerny began to study what holds back and other seniors get Austin, 44, was elected Asian-Americans . In her 2005 chairman of the Thanksgiving dinner. performing rights book, Breaking the Bamboo organization. She buck ennis Ceiling: Career Strategies for continues as a Asians, Ms. Hyun examines the director, senior vice GOTHAM GIGS cultural barriers that can work president and chief against Asians in American financial officer of Sheridan companies. “Asian cultures Broadcasting Corp. and as president of the Sheridan Gospel Network. emphasize putting the group UM: Theresa Nasi, 40, joined the global before oneself, humility and marketing communications agency as He Delivers the Good respecting authority,” Ms. Hyun head of communications. She was explained. “Asian sayings like ‘The previously senior vice president, global loudest duck gets shot’ are totally network development, for MPG. Isidro Saldana knows the name and life story of every homebound at odds with Western notions like Alternative Investment Management: ‘When they ‘Blow your own horn.’ ” Donna A.Toth, 40, joined the firm as senior he delivers food to six days a week in his job at Citymeals-on- chief operating officer. She was ask me to Wheels. ¶ There’s the onetime Playboy bunny, the veteran who was Ms. Hyun started her consulting company, Hyun & previously managing principal of the forced to eat snakes in the desert to survive, and the woman who, as Park Hill Group, which she co-founded. come in, Associates, in 2003. Her aim: to Metropolitan New York Library Council a 15-year-old during the Depression, waited in a soup line every help high-potential Asian- (METRO): Jason I do, even morning. ¶ “When I deliver them lunch, they ask me to come in and Americans bridge the cultural Kucsma, 37, was divide and get ahead, and to named executive talk, and I always say yes, even if I don’t have free time,” said Mr. teach managers of all ethnicities director of the library- if I don’t Saldana. “Sometimes I am the only face they see all day.” ¶ The 28- support organization. to “build a new toolbox of He was previously have free year-old, who started at Citymeals in 2005, just graduated from communication styles. We call interim director. community college and plans to attend night classes at City College it developing ‘cultural fluency.’ ” Find Your FaceMate: time’ in the spring. He delivers the meals by foot to 48 seniors in East Ms. Hyun and her partner, Gordon Sleeper, 60, joined the online Audrey Lee, who is a second- dating site as president and chief Harlem—citywide there are nearly 16,500 recipients—and rarely generation Chinese-American, operating officer. He was most recently misses a day. On Thanksgiving, he will make sure his seniors get with Envisage Engagement Marketing, have counseled thousands of where he was a founding partner. their dinner before he goes home for his own in Washington U.S.-based managers. Furnished Quarters: Eric Uzzo, 42, Heights, where he lives with his parents. ¶ Mr. Saldana said joined the provider of temporary DOES RETAINING a diverse workforce furnished housing as director of compassion comes naturally to him: “I’m the baby in my family. I present challenges for your company? marketing. He was previously vice was given so much love that I have some spare love to give out.” Tell us at www.crainsnewyork.com/ See EXECUTIVE MOVES on Page 34 —miriam kreinin souccar execinbox.

November 21, 2011 | Crain’s New York Business | 33 20111121-NEWS--0034-NAT-CCI-CN_-- 11/18/2011 11:47 AM Page 1

RÉSUMÉ REVIEW Builder making big moves Is your job search all it could be? We ask the experts. Developer lands were you involved in? NAME MICHELLE BISHOP Most recently, at Lincoln, I assem- SUMMARY major projects bled the site for The Georgica,a 58- IT professional and marketing strategist unit condominium on East 85th with new post Street. At the Clarett Group, I par- PROFESSIONAL EXPERIENCE ticipated in some of their earlier Harlem Needle Arts Inc., BY AMANDA FUNG condo deals: Place 57, Opus Con- Dec. 2007-present President dominiums and Sky House. Develop brand recognition for one of New York City’s premier fiber ast month, one of the na- arts institutions; work with museums and galleries to launch and tion’s largest residential real Do you have a favorite? curate exhibitions, lecture series and collaborative opportunities estate investment trusts, Each development site is like a AvalonBay Communities child—they each have their own The Bishop Group, May 2007-present Strategic consultant LInc., named Martin Piazzola head special place. Provide special event and fundraising management services to nonprofit of development for New York City. organizations and individuals With 25 years of real estate experi- What life experiences prepared you for ence—the last seven at Lincoln a real estate career? Event Associates Inc., Sept. 1994-April 2007 Property Co.—the Queens native I had a prior life as an accountant. I Business technology manager and development executive Supported 30 not-for-profit agencies by developing technology will oversee worked long enough to get certified, procedures, fundraising and marketing strategies for overall operations construction then I went to get my M.B.A. at of Avalon- New York University. So much of EDUCATION MOVERS & Bay’s largest real estate development is crunch- Cornell University, School of Industrial and Labor Relations, SHAKERS rental coming numbers and analyzing them, certificate, community e-institute plexes in the the accounting experience helps. Pace University, B.A., management and information systems metro area: a on West 55th Street.But when I got Résumé appears in condensed form. Martin 691-unit lux- the call, I listened closely. Avalon- Do you think the rental market will ury apart- Bay has a larger footprint in New remain strong? EXPERT ADVICE Piazzola ment near the York and is a great brand. With an I’m pretty optimistic that things will There is a disconnect between how Michelle describes her experience and High Line in-house construction team and continue, given the limited new qualifications in the summary and the details in the body of the résumé. that recently ability to self-fund projects, it also supply of rental housing out there. Her credentials and experience are impressive, but they are not supported broke ground, and the 800-unit has a competitive advantage. Concessions have all but evaporat- by her summary. Listing education just below the summary creates Avalon Willoughby, which will get ed, and rental prices are at or above additional confusion. A certificate from Cornell’s School of Industrial and under way soon. Mr. Piazzola will What are your biggest challenges? peak levels. Labor Relations is terrific, but it does not clarify her career direction. She should put computer experience below her summary to support the IT also be scouting for new opportuni- I face the same [issues] as other devel- How do you spend your free time? message. She may also want to include examples of a few of the systems ties. opers: finding solid development op- solutions she implemented and the results. portunities with the high cost of land, I spend time with my five children, —roy cohen, career counselor and executive coach Why did you make the move? taxes and construction, while com- try to exercise and help my wife I was not looking to leave Lincoln peting with lots of other developers. with her consumer product busi- To contact this candidate or to be featured in “Résumé Review,” email Property. We were just dusting off ness,DiaperBuds.I’m her sounding us at [email protected]. approved plans for a development What development projects in the city board. Ⅲ

EXECUTIVE MOVES technology. previously a director. Drucker, 44, joined the health care Architecture: Nancy Jason Prohaska, 42, was promoted to Susan Blond Inc.: Timothy Yates, 30, advertising and promotion agency as Doon, 36, joined the partner. He has been general manager. joined the publicity agency as senior chief financial officer. He was previously integrated planning, Continued from Page 33 McCann Erickson: Tim account executive. He was previously a a managing director with The A Team transportation, land president, marketing strategy and Harris, 38, joined the media relations specialist at Deussen Executive Management Inc. development and vendor management, at Prudential advertising network Global Communications. Rata Hojjat, 28, joined the agency as art environmental services Douglas Elliman Real Estate. agency as executive A&L Goodbody: Cian supervisor. She was previously a copy provider as director of Weil, Gotshal & Manges: Stephen Shahida, vice president, global McCourt, 37, was supervisor at NeON Advertising. environmental services. 44, joined the law firm as partner. He innovation. He was promoted to resident Kerrie Frisinger, 35, joined the agency as She was previously was previously a partner at McDermott senior vice president, partner, a newly group copy supervisor. She was senior technical director at AKRF Inc. Will & Emery. managing director at created position at the previously a group copy supervisor at The Week: Eric Bizzak, 35, joined the EngenderHealth: Sara Kriksciun, 37, Denuo, and founder law firm. He was JUICE Pharma Worldwide. weekly as national advertising director. joined the global reproductive health and chief executive of Seven Lights. previously a partner. Merlin Securities: Rick Bensignor, 52, He was previously corporate integrated organization as vice president, external Friends of the High Line: Rick Little, 32, Spector Group: Dexter joined the technology-solutions and sales director at Time Inc. relations. She was previously regional was promoted to vice president of Tinapay, 37, was brokerage services firm as chief market Blank Rome: Stephen T.Whelan, 64, director at the Global Fund for Women. administration and strategic projects. He promoted to design director at the strategist. He was previously a chief joined the law firm as partner for the Big Spaceship: Joshua Hirsch, 37, was was previously chief operating officer. architecture and design firm, a newly market strategist at Morgan Stanley. financial services group. He was promoted to partner at the creative Tara Morris, 37, was promoted to vice created position. He was previously Geller & Co.: Martin E. Cooperman, 59, previously a partner at SNR Denton. agency. He has been minister of president of development. She was lead/project designer. joined the strategic financial advisory Cammack LaRhette Consulting: Eric Lear Barel, 37, joined the firm as project firm as managing partner. He was Wallace, 37, joined the independent manager and architect. He was previously the Northeast region benefits-consulting firm as vice CORPORATE LADDER previously a project manager and managing partner at Grant Thornton. president, health care consulting. He architect at Ted Moudis Associates. Centerline Capital was previously assistant vice president Roland Vasquez, 35, joined the firm as Group: Jim Gillespie, for finance and managed care at the A MORE ENTERTAINING JOB senior project architect. He had been a 45, joined the real Greater New York Hospital Association. EisnerAmper: MELISSA MILLER ORMOND, 46, was named president of project architect at Redelivr Inc. estate financial and Robert G. Hilbert, 43, joined Stephan Dargo, 39, joined the firm as a asset management as a partner in the accounting firm’s MSG Entertainment, one of three business segments of project architect. He was previously a services provider as professional practices group. He was The Madison Square Garden Company. In this role, project manager at Dattner Architects. managing director. He previously a partner at KPMG. she will be responsible for overseeing all aspects Concierge Auctions: was previously a Skanska USA Building Inc.: Joshua of the entertainment division, the successful Mark Hughes, 45, was managing director at Kohner, 35, joined the construction operations of the bookings and productions areas promoted to regional Red Stone Partners. network as corporate counsel. He was as well as marketing and brand development efforts, director of the real Fried Frank Harris Shriver & Jacobson: previously counsel at URS Corp. estate auction firm. Linda Riefberg, 53, joined the law firm MKG: Dave Brown, 35, joined the including concerts and events at the company’s venues. He was previously a as special counsel. She was previously marketing agency as director of digital Ms. Ormond joined MSG Entertainment in 2005. Most business development vice president and chief counsel in the strategy. He was previously the social recently, she was interim head of MSG Entertainment and representative. department of enforcement at the media specialist at Etsy. has been the division’s chief operating officer Time Inc. Lifestyle Financial Industry Regulatory —callie eidler Group: Jody Jones, 41, joined the content Authority. since 2008. In 2010, Ms. Ormond was named one of EXECUTIVE PROMOTIONS Billboard’s Women in music. She earned her publisher as senior vice president, Herrick Feinstein: Barbaros Karaahmet, 39, digital. She was previously senior vice joined the law firm as counsel in the The fastest way to get an announcement into undergraduate degree in political science at the president, digital programming and corporate department. He was recently University of Kansas. Crain’s is to submit online. Fill out the form content integration at Discovery with Karaahmet Luz & Greenberg, where at www.crainsnewyork.com/section/ —CALLIE EIDLER Communications. he was a founding partner. executive_moves. The Executive Moves column Concentric Pharma Advertising: David P. VHB Engineering, Surveying and Landscape is also available online.

34 | Crain’s New York Business | November 21, 2011 20111121-NEWS--0035-NAT-CCI-CN_-- 11/18/2011 11:47 AM Page 1 chemex / INSATIABLE CRITIC Entrepreneurship at Baruch College Gael Greene SMALL BUSINESS RISING: flickr.com present THE LEVERAGING TECHNOLOGY TO GROW YOUR BUSINESS. The free forum offers attendees the option to participate in one WEEK of three workshops and learn how social media or Google AdWords can A French spot contribute to growth.The forum will be AHEAD held at Baruch College, Newman Conference Center, 151 E. 25th St., seventh floor, from 8 a.m. to 10 a.m.To NOV. 28-DEC. 4 register and to get more information, visit in Chelsea Riviera www.smallbizrising2011.eventbrite.com. newscom CONFERENCES CULTURAL EVENTS Pick The Americano serves AND SEMINARS MONDAY, NOVEMBER 28 WHAT HE’S TUESDAY, NOVEMBER 29 Lincoln Square Business of the food with cred; getting The New York Public Library and the Improvement District week READING Financial Planning Association of New presents THE 12TH ANNUAL there is sketchy York invite you to TAXES: YEAR END TIPS. WINTER’S EVE AT LINCOLN SQUARE. HERBIE HANCOCK is a techie. The The free lecture will take place at the The festivities kick off in Dante Park, jazz great helped popularize the elcome to Chel- Science, Industry and Business Library, Broadway and West 63rd Street, at 5:30 electric piano. He developed a 188 Madison Ave., from 6 p.m. to 7:30 p.m., with a performance by Arlo sea Riviera, the love for cameras after buying one city’s newest, p.m. Seating is on a first-come, first- Guthrie and Family and the Newark served basis. For more information, call Boys Choir, followed by the lighting of in Japan while on tour years ago. soon-to-be-hot (917) 275-6975 or visit www.nypl.org. the neighborhood holiday tree. Music, And every computer in his music neighborhood buck ennis food tastings and activities will be offered studio is an Apple Macintosh. No notW far from the meandering High SUMPTUOUS: Lobster with artichokes WEDNESDAY, NOVEMBER 30 on Broadway from the Time Warner surprise, then, that Mr. Hancock, Line.We’re meeting friends for din- The Manhattan Chamber of Commerce Center to West 68th Street until 9 p.m. 71, was among the first to buy a ner at The Americano in the 56- Education and Training Committee Attendees are encouraged to donate new copy of Walter Isaacson’s room hotel by the same name. I may THE AMERICANO presents HIRING, FIRING AND MOTIVATING. or gently used coats of all sizes at Dante biography of Steve Jobs when it chortle disdainfully, imagining in- 518 W. 27th St. The seminar will cover how to Park to benefit New York Cares. For nocents lured by Riviera allusions on (212) 525-0000 effectively manage difficult employees more information, call (212) 581-7762 was published shortly after the the hotel’s website.Guests are invit- www.hotel-americano.com and will take place at Adelphi or visit www.winterseve.org. computer icon’s death. University, 75 Varick St., from 6:30 p.m. ed to swim on the roof and borrow “My first computer was an to 8 p.m. The cost to attend is $20 for Apple II Plus I got in 1979,” Mr. bicycles to explore the Hudson Riv- chamber members, $25 for nonmembers YALE IN NEW YORK opens its 2011-12 er Greenway bike path from the CUISINE Mostly French and $5 for students. Appetizers and season with Benjamin Britten’s Serenade Hancock said before taking the stage at camera maker Canon’s Cloisters to the Statue of Liberty PRICE RANGE $21 to $34 refreshments will be served. To register, and William Walton’s The Bear. The departure dock. I guess I live on the visit www.manhattancc.org. To get more concert will take place at Zankel Hall at Legend in Imaging party last Upper West Side Riviera myself. SERVING Breakfast, lunch, information, call (212) 473-7875. Carnegie Hall, 881 Seventh Ave. at 7:30 month. “I’ve got all the Apple My guy and I tread along heaving dinner, brunch p.m. Ticket prices range from $15 to computers since then, including WORKSHOPS $25. To purchase tickets and to get more pavement,past bleak warehouses and RESERVATIONS Advised Lisa”—an Apple computer that abandoned garbage on the stretch of information, call (212) 247-7800 or visit came out in the early 1980s but NOISE LEVEL Could get loud The Flatiron 23rd Street Partnership and www.carnegiehall.org. 27th Street between 10th and 11th the Lawrence N. Field Center for —suzanne panara was too expensive to become a avenues that was once nightclub al- I can’t wait to return. commercial hit. ley. Bungalow 8, Pink Elephant and I will definitely go back. To view Crain’s classified events listings, go to www.crainsnewyork.com/events —JEREMY SMERD BED are closed. It’s not exactly the Promenade des Anglais, not yet. But I’ll let them simmer awhile. first-nighters in the know have said NO HATS Never again. the food is really good. As we near 10th Avenue,there are signs of life,clusters of people,some- Triangles of tortilla in a woven straw one opening the door and welcoming holder that come with it are useful us into a cowhide-draped bar, where for sopping up a United Nations of a chiaroscuro of long-haired monkey sauces. I like the grilled octopus and The Perfect fur wrapped around a stunning calamari with black beans, arugula, brunette confirms that we are in the preserved lemon and tomato confit. right place, whatever that means. And I savor the slow-poached egg, And why shouldn’t the chef and smashing it to run in rivulets over Holiday Gift! restaurant majordomos be French in mushrooms and chicken wings in Carlos Couturier’s Grupo Habita’s their braising broth, with chunks of first U.S.boutique hotel,designed by brioche to wipe up what clings. Mexican Enrique Norten and devel- Chef Olivier Reginensi, veteran Customize Deluxe Edition Zagat guides with oped by an Irishman from Black of Le Cirque, Daniel and the Essex your company’s name and logo and receive House Development just a “short” House, builds up his cred with a per- FREE SHIPPING bike ride from Ellis Island in this fect roasting of farm-raised chicken melting pot we treasure? It’s fitting with rutabaga and carrots,and sump- that Slow-Cooked Halibut is written tuous lobster—dazzlingly tender in a To order, call 800-540-9609 or visit us at in English, Turbot à la Plancha in lobster emulsion with baby artichoke www.zagat.com/solutions Spanish and Côte de Porc in French. halves. I look around. Have my Our fervently Gallic waiter is a friends noticed? Can I eat more than warrior. He’s not always there when my share? Marvelous pommes frites we need him, but I admire his with the small Black Angus New Frenchness.“Would you rather have York strip—an entrecôte grillé— a wine glass?” he asks. “The design- quickly disappear.Ketchup with fries er wants you to drink your wine from isn’t French, so we have to ask for it. that.” He points to a runty water Across the room, a friend who’s a glass, clearly disapproving. fanatic for fresh fish is raving about And when I order chile relleno the turbot on olive-oil crushed po- from “Latin Fare with a French tatoes.She’ll be back,but I’m put off Flair,” he seems anxious. “It’s very by the chill of the design: black spicy,”he warns.I reassure him I can walls, tinted mirrors, tables lined up handle it, though it’s definitely not in military formation, gray concrete the chef ’s best move. But at $10, it’s floor. Surely it will seem happier a bargain compared with scallop when the daylight sun pours in or

ceviche at $17. when it’s mild again, warm enough Receive FREE SHIPPING through 12/15/11. Mention CNY-11. Promotion applies to Deluxe Edition Ceviche is everywhere these to spill out onto the outdoor terrace. guides purchased at full rate card price and shipped via ground service within the 48 contiguous United States, excluding tax. Cannot be combined with any other offers. days. Americano’s, with hearts of palm and a side of carrot, avocado Copyright © 2011 by Gael Greene. and cucumber salad,is good enough. Syndicated by www.insatiable-critic.com.

November 21, 2011 | Crain’s New York Business | 35 CN014795 11/18/11 1:15 PM Page 1

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