HAPPENED WHAT 0 71486 01068 5 42 VOL. XXIX,NO.42 NEWSPAPER SANDY: IF IT .4 p. does itagain Manhattan Lower REBOUND DOWNTOWN easy part Sandy wasthe that surviving Co-ops learn SCORES BOARD Inside CRAIN’S WWW.CRAINSNEWYORK.COM 1 YEARLATER E OKBUSINESS YORK NEW .4 p. TODAY? Manhattan, left 220,000 customers shivering inthedark 220,000customersshivering left Manhattan, on aroundYouTube. theworld a ConsolidatedEdisonsubstationalongthe East Riv pumps failed. Gasoline Cellphonetowers died. Transit halted. mained inthecoldanddark fordays. Islandnursing-homepatientsre- Roosevelt burneddown. Queens, Point, es inBreezy Hous- theresults were disastrous. andwhere itdid, 2012, 29, Water onOct. metelectricity year later, thecityhasonly beguntobattendown hasn’t. One thatchangedeverything The storm The flashes were part of a cascade of failuresoutpower thatknocked inthelower ofacascade The flasheswere halfof part when 14-foot wavesbreached that night, betracedto8:30p.m. can Much ofthatmisery PHILANTHROPY REPORT holiday pushison PAGE 15 ® The big er, triggering ablindingexplosionseen triggering er, e HTIFonPage30 See WHAT is up10% Top foundations: Giving THE LIST OCTOBER 21-27, 2013 PRICE:$3.00 PAGE 17

newscom EDITOR’S NOTE

ULURP usurped FYICRAINSNEWYORK.COM

Our Page 3 story on an all-or- nothing threat by construction Instant replay: Debt-default unions to kill a $500 million-plus drama back after Super Bowl private-sector investment in Staten Island contains an appalling quote f you already miss the Sturm und Drang attributed to City Councilwoman of the debt-default melodrama, you only Debi Rose: “There are items on my Ihave to wait until the football season is Glenn Coleman [wish] list that, if I don’t sort of get over for the show to repeat itself. a green light on, they are deal- That’s because the last-minute deal to breakers.” Really, sorta? The last avoid financial Armageddon struck by time anyone poured more than a half-billion dollars’ Congress last week only lifts the worth of anything into Staten Island may have been government’s debt ceiling until Feb. 7. And 1959, when construction started on the Verrazano- only five days after that, it so happens, is newscom Narrows Bridge. Ms. Rose’s sense of entitlement—“I Super Bowl XLVIII, which of course will be have a wish list of about 25 items,” she told a local played in the Meadowlands. What better way to combat the midwinter blues than watching paper—shows how distorted the official developer- members of Congress and the Obama administration get back to arguing over whether the U.S. shakedown process, known by the acronym ULURP, government should miss a payment on its $12 trillion in obligations? Maybe Las Vegas bookies has become in the City Council during these waning will even take bets on the odds of a deal being struck in time. weeks of the Bloomberg era. A $320 million London However it plays out, here’s one suggestion: Make sure you save some of the booze you bought Eye-like Ferris-wheel project would draw 4 million for the Super Bowl. —aaron elstein visitors a year to a checkered stretch of waterfront that’s an easy walk from the Staten Island Ferry BIWEEKLY DAYS AHEAD? New York peals agreed to review Mayor terminal. A $260 million outlet mall between the two magazine, a weekly, is considering Michael Bloomberg’s attempted ban HOORAY! points would encourage tourists (and locals) to buy dropping its frequency to biweekly. on super-size sugary drinks, which AFTER GETTING The print magazine’s ad pages fell has been rejected by judges twice. SLAMMED by brand-name bargains at 80 new stores, generating 9.2% year-over-year through Oct. The court will not hear the case un- Superstorm Sandy last year, sales-tax revenue for the city.The whole thing would 14, and the growth in digital ad sales til next year, leaving the decision to the Village create more than 1,300 construction jobs—a good has not been enough to offset the de- pursue the appeal in the hands of Mr. Halloween Parade cline. The switch would mark a Bloomberg’s successor. ... RETAIL met its Kickstarter chunk of them union gigs, thanks to the complexity of REIGNS. goal of $50,000 somber occasion for magazine lovers The Related Cos.’ Hudson this year and the Ferris-wheel project and the publicly assisted and New York’s media scene alike.… Yards received a 20-year, 40% prop- will take place on installation of a platform over rail yards to support the AHRENDTS HEADS TO APPLE. Burber- erty tax break from the Industrial Oct. 31. ry CEO Angela Ahrendts, named a Development Agency for a retail outlet mall—and 1,000 permanent jobs tied to the Crain’s 40 Under 40 in 2000, will mall and office spire that could result outlet shops. But no, say the job snobs: Retail wages leave the British fashion house to be- in $328 million in savings for the de- OY VEY! aren’t good enough for the public good, and nonunion come senior vice president of retail veloper. Meanwhile, Howard THE PLAZA HOTEL and online stores at Apple. In the Hughes Corp. began construction at is suing the city construction work for Staten Island residents is and Citibank, newly created position,she will over- Pier 17 in lower Manhattan,where it calling the Citi somehow worse than featherbeds for hundreds of see the expansion and operation of will turn the existing retail site into a Bike station hardhats who live in New Jersey. Problem is, the Apple’s stores and re- glass, multilevel located in front of the building an outlet mall’s backers can’t find financing with an all- port directly to CEO ‘Running up shopping center at “eyesore” that union mandate. Poof. No deal. I hope for her Tim Cook. … JUDGE South Street Sea- causes congestion EXTENDS LICH’S LIFE- to somebody’s port. … JPM’S EARN- at the hotel’s constituents’ sake that Ms. Rose doesn’t end up LINE. Brooklyn INGS DISAPPOINT. main entrance. becoming the latest New York pol who never misses Supreme Court Jus- property or Banks reported an opportunity to miss an opportunity. tice Johnny Lee third-quarter earn- Baynes issued two public ings, with JPMorgan IST APPEARS IN COURT. Alleged al- orders Tuesday that property and posting its first loss Qaeda operative Abu Anas al-Liby THIS WEEK IN CRAIN’S will keep Long Island under CEO Jamie pleaded not guilty in federal court in College Hospital defacing it is Dimon. The nation’s New York on Tuesday to charges re- open—at least for not my largest bank reported lated to the 1998 bombings of U.S. IN THE BOROUGHS------3 now. Judge Baynes a $400 million loss as embassies in Kenya and Tanzania IN THE MARKETS------6 ruled that the state’s definition it faces $7.2 billion in that killed more than 200 people.He law on hospital clo- legal costs.The news is being held without bail, following THE INSIDER ------8 sures violates the of art’ overshadowed re- his capture in front of his home in —Mayor Michael SMALL BUSINESS ------9 state constitution sults from Goldman Tripoli, Libya, on Oct. 5. … SOHO and that SUNY Bloomberg on Banksy’s Sachs and Bank of BID TO BE BORN. A SoHo Business OPINION ------12 Downstate, LICH’s graffiti, which has America, which an- Improvement District, which will appeared on city walls GREG DAVID------13 owner, cannot act on this month nounced profits of stretch along Broadway from Hous- the closure plan it $1.4 billion and $2.5 ton to Canal streets, is waiting for REAL ESTATE DEALS------14 submitted to state health officials. A billion,respectively,beating analysts’ Mayor Michael Bloomberg’s nod of REPORT: PHILANTHROPY-----15 SUNY spokesman said it intends to expectations. Citigroup reported a approval after the City Council vot- appeal both orders. … TOP COURT TO $3.2 billion profit that missed ana- ed to support its establishment. CLASSIFIEDS ------25 GOTHAM GIGS HEAR SODA BAN. The Court of Ap- lysts’ estimates. … AL-QAEDA TERROR- —nazish dholakia NEW YORK, NEW YORK ------The Queen Lear of the 33 Public Theater. P. 10 SOURCE LUNCH------34

vol. xxix, no. 42, october 21, 2013—Crain’s New York Business (issn 8756-789x) is published STORIES TO WATCH THIS WEEK weekly, except for double issues the weeks of July Fourth, July 29, Aug. 12, Labor Day and Christmas, by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid at New York, N.Y., and additional mailing offices. Postmaster: Send address Oct. 22: Mayoral Oct. 22: Coach Oct. 24: Madison Oct. 27: Betrayal, changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, candidates Bill de reports quarterly Square Garden Co. with Daniel Craig MI 48207-2912. for subscriber service: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one Blasio and Joseph earnings. unveils its $1B and Rachel Weisz, year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2013 by Crain Communications Inc. All rights reserved. Lhota spar in their renovation of MSG. opens at the second debate. Barrymore.

2 | Crain’s New York Business | October 21, 2013 IN THE BOROUGHS STATEN Navy Yard ISLAND tenant to Waterfront go upstate wheel, mall B&H Foto has plans to shift 300 jobs from project up its warehouse ops in in the air Brooklyn biz park Councilwoman, BY JESSICA GLAZER One of the largest employers in the unions pressing retail Brooklyn Navy Yard, B&H Foto and Electronics Corp., appears like- developer on jobs APPROVAL NEEDED: Without City Council ly to leave the city when its lease ex- action, $580 million pires in 2017, heading upstate to BY THORNTON MCENERY in projects would be build an expanded facility for the rendered moot. warehouse and online-commerce The world’s tallest observation operations of the famed West 34th Ferris wheel is rolling toward Staten Street consumer electronics retailer. Island with an expansive outlet cen- decides the matter Oct. 30. The retail component’s develop- seeking to construct Empire Outlets. Government officials in Rock- ter in tow, but the debate over who Approval on such projects typi- er,BFC Partners,says the mall’s pro- “I have a wish list of about 25 land County said B&H planned to will build the retail component cally hinges on the say-so of the lo- jected rents aren’t high enough to items,” Ms. Rose told the Staten Is- move the Navy Yard portion of the threatens to derail both projects. cal council member,in this case first- fund a 100% union project and that land Advance. “And there are some business, which employs about 300 With the Bloomberg adminis- term Democrat Debi Rose. The it couldn’t get financing to build it items on my list that,if I don’t sort of people,to Chestnut Ridge,N.Y.,lo- tration having linked the New York councilwoman has been enigmatic under those circumstances. get a green light on, they are deal- cated a couple miles from a Hasidic Wheel and Empire Outlets shop- in her deliberations, laying out a But Ms. Rose would like to satis- breakers.” community. The retailer, founded ping center into the same land-use lengthy list of demands—most im- fy the Building and Construction Ms. Rose would not discuss her on the Lower East Side in 1973 by application, the projects will now portant, labor agreements guaran- Trades Council of Greater New stance with Crain’s, instead referring Blimie and Herman Schreiber, is share a fate when the City Council teeing union construction jobs. York, which represents trade unions See WATERFRONT on Page 28 See B&H FOTO on Page 32

October 21, 2013 | Crain’s New York Business | 3 SANDY: 1 YEAR LATER Condo boards in over their heads Regular folk deal with complex TOUGH DECISIONS: Board rebuilding—and members (from left) Jeff Hower, Joseph Gutgarts, pleasing neighbors Cynthia Reich and Rubin Frier have struggled to fund all the work needed at their badly BY JOE ANUTA damaged Brightwater Towers condo on Coney Island. And now for the hard part. In the immediate aftermath of Super- storm Sandy, condominium and co-op boards scrambled to find con- tractors to repair electrical systems, bring boilers back online, rip out moldy drywall and make their buildings habitable. One year later, those same own- ers are girding for a less urgent but arguably more daunting set of tasks, ranging from wrangling with insur- ers over what exactly their policies cover, to deciding whether to funnel money toward protecting against the next storm or improving the look of their property—and hence its market value now. “Am I doing the right thing?” asked Audrey Pheffer, the Queens County clerk who is the president of her condo board in the Rockaways, an area devastated by the storm. “Should we waterproof or should we not? And how much money do we have to spend?” Many board presidents repre- senting the 2,298 condominium and 702 co-op buildings affected by Sandy’s floodwaters citywide are asking themselves the same ques- tions. Of all the housing damaged, about 55,500 units,or 17%,were co- ops, and about 25,000, or 8%, were condos, according to a report from

See CONDO on Page 32 buck ennis Extent, speed of downtown’s STATS AND THE CITY by Emily Laermer REBUILDING NEW YORK: Nearly a year after Superstorm Sandy roared rebound stuns even boosters ashore, the city continues to recover. PUBLIC Massive upgrades of to sources. If the deal pans out, it it’s totally the opposite, as we are $14BPRICE TAG 42.3% would not only bring the tower back seeing a resurgence of the number of for Sandy-related, PORTION42.3% OF NYC FEMA money properties, utilities to full occupancy, but it would also tenants moving down here.” government-funded granted to Queens residents give 110 Wall St. the kind of name- In fact, the extent and speed of projects have tenants flocking brand cachet it has never had in its lower Manhattan’s rebound has sur- back to hard-hit area 49 years of existence. prised even its biggest boosters. NEW YORK CITY RESIDENTS Landlords have repaired buildings 155,297who got FEMA funds after ravaged by the storm and retooled Sandy. Of the $592.1M distributed, 82% BY DANIEL GEIGER Leasing was them to make them more resilient to went to housing assistance future floods, and in the process Nearly a year ago, the 27-story office up 22% in reaffirmed their attractiveness to the POTHOLES REPAIRED by the building at 110 Wall St. was so heav- growing droves of tenants who are 242Kcity Transportation Department ily damaged by Superstorm Sandy’s the first nine drawn to the area by relatively af- in fiscal 2013, some 40,000 more than in 2012, floodwaters that its owner an- months of 2013 fordable rents and excellent public- thanks primarily to Sandy nounced that he was going to abrupt- transportation links. NEW YORKERS registered for the city’s ly terminate the leases of all the prop- At New York’s biggest office housing recovery program. NYC Build It erty’s 50-plus tenants and take time tower 3.8 million-square-foot 55 24KBack bought its first property earlier this month to figure out what on earth to do next. Water St., building manager Harry Today, with plans in hand for a Bridgwood has led a $200 million- VALUE of grants approved by U.S. multimillion-dollar program to re- “The conventional wisdom right plus effort to repair the destruction Small Business Administration for pair and storm-proof the building, after the storm was that downtown wrought by the 40 million gallons of $400Mcompanies affected by Sandy landlord Rudin Management is ne- wouldn’t recover,” said Bill Rudin, saltwater that inundated the proper- Sources: PlaNYC, Federal Emergency Management Agency, Mayor’s Management Report, mayor’s office gotiating to have the hip, high-tech chief executive of Rudin Manage- ty. Watertight barriers, known as newscom office-suite company WeWork ment, who would not confirm the submarine doors, have been in- ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY lease the entire structure, according possible deal with WeWork. “But See DOWNTOWN on Page 32

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Discover Excellence in Commercial Real Estate Services. newscom Discover Cassidy Turley. Peter Hennessy President, New York Tri-State Region Blackstone preps 212.318.9790 [email protected] www.cassidyturley.com real estate IPOs Project & Development Services / Tenant Representation / Project Leasing / Property Management / Corporate Services / Capital Markets here is a lot of “smart money” on Wall Street, but none smarter than Blackstone Group. Here’s one example: Back in 2003, the private-equity giant T TRW Automotive bought car-parts maker for $4.7 billion in the largest leveraged buyout since the 1988 deal for RJR Nabisco.This past summer, Blackstone sold the last of its TRW stake, closing the books on a deal that returned more than seven times the firm’s investment, Chief Executive Stephen Schwarzman (above) happily told investors on a conference call last week.

But even smart guys make mis- sis by Oppenheimer & Co. analyst Chris takes. In Blackstone’s case, it Kotowski, it’s clear why Mr. bought lots of real estate during the Schwarzman is so eager to sell what bubble years. In addition to snap- he can. ping up scores of apartments and The fund that holds many of office buildings, it became the Blackstone’s real estate holdings is largest owner of hotel rooms in the called BCP V, and it raised $21 bil- country, paying top-of-the-market lion in 2005 from pension funds prices for Hilton Worldwide and La and other major investors. The Quinta Inns & Suites. fund has delivered an internal rate As a result, the fund that holds of return of just 5% and generated a lot of Blackstone’s investments $6 billion in gains. from that time has performed a lot In comparison, a $7 billion worse than the firm’s other Blackstone fund from 2002—the vehicles. one that housed the TRW invest- Fortunately, help is in sight for ment—has generated a 37% inter- Blackstone. The market for initial nal rate of return and $16 billion in public offerings has awoken after a gains. A $2.5 billion energy- long hibernation, and investors focused fund from 2011 has pro- seem eager to take some of Black- duced a return of 57% in its short stone’s more lamentable invest- life, according to Oppenheimer ments off its hands. Blackstone has figures. filed to sell six of its companies back Mr. Kotowski estimates that if to the public, including Hilton, Blackstone can see $3.2 billion in Extended Stay America and Brixmor gains from its 2005 fund’s hold- Property Group, an apartment owner. ings—and successful IPOs would “We’re increasingly taking op- go a long way toward doing that— portunities to exit investments,” the BCP V fund could at last start Mr. Schwarzman said during last generating the big tax-advantaged week’s call. profits that make private-equity in- Yet thanks to some smart analy- vesting such a lucrative business. Ⅲ

THE MAXIMUM FEE that Twitter would $500K pay annually to list its shares on the New York Stock Exchange. The social- media company chose the NYSE over Nasdaq last week, where most technology outfits are listed.

6 | Crain’s New York Business | October 21, 2013 Extended Stay Reimagined unshinA well-lit environment makes people happier, healthier and more productive. That’s why Element hotels fl ood guestrooms and public spaces in daylight. When the sun goes down, Relax evening wine reception and our signature Heavenly® Bed await. Whether traveling for a few days or a few weeks, discover the essentials of balanced travel. Spac  iv ou if Element New York Times Square West Book now for 20% off elementhotels.com

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©2012–2013 Starwood Hotels & Resorts Worldwide, Inc. All Rights Reserved. Preferred Guest, SPG, Element and their logos are the trademarks of Starwood Hotels & Resorts Worldwide, Inc., or its affi liates. For full terms of this offer, please visit elementhotels.com Astra’s airy midtown location with dynamic Manhattan views THE offers the perfect venue to celebrate the season for corporate holiday dinners, family gatherings and elegant receptions. INSIDER by Andrew J. Hawkins newscom, buck ennis David Yassky John Rhea Pegasus Bill’s to-do list: lawsuits, pink slips n a bygone era of city politics—early this past summer, when Bill de Blasio was in fourth place in the mayoral Irace—the Democrat was fond of previewing what he would accomplish during his first week in office. Now that he appears to be a shoo-in, the formerly by Chef Charlie Palmer garrulous politician has become tight-lipped. Will he drop the city’s appeal of a court ruling blocking the Taxi of Tomorrow? He is reviewing the ruling, his Contact us today to book your holiday event ‡JPXUSK\#FKDUOLHSDOPHUFRP‡   ' '%XLOGLQJ‡7KLUG$YH‡WK)ORRU‡$VWUD1<FRP‡&KDUOLH3DOPHUFRP campaign says. How about the appeal to reinstate Mayor Michael Bloomberg’s ban on large-size sugary drinks? Same answer.

To be sure,Mr.de Blasio has said NYCHA.” And he reiterated last many times that he opposes the taxi week that he would replace Police plan and supports the soda ban.But Commissioner Raymond Kelly. his refusal now to commit to either This month,he delivered a more cause speaks more to his hefty poll tempered pledge to “review” all de- lead than to any shift in thinking. cisions made by the Bloomberg ad- “It’s often an error to interfere ministration in its waning days, with ongoing litigation before you from charter-school approvals to take office,” said Kenneth Sherrill,a the actions of the Police Depart- REAL ESTATE CONFERENCE political-science professor at Hun- ment’s demographic unit. ter College. “The front-runner’s Most of Mr. de Blasio’s big- strategy is to make no errors.” ticket items, such as raising taxes to RESHAPING NEW YORK 2013 It wasn’t always this way.Back in pay for universal prekindergarten or Crain’s New York Business March, the public advocate said at expanding living-wage and paid- will explore how the real estate market is preparing for the long a candidates’ forum that he would sick-leave laws, require legislative haul as the economic recovery continues to evolve and new leadership enters City Hall. The ban carriage horses from Central approval. (Gov. Andrew Cuomo conference will explore growth and opportunities for investors, developers and landlords and Park “within the first week” of tak- seemed to suggest to the Daily News the affordability of New York. ing office. Assuming the City editorial board that Mr. de Blasio’s Council passes its bill to do so,more tax hike won’t happen in 2014.) than 300 drivers and stable workers Underdog Joseph Lhota has also employed by the $15 million indus- made several “day one”pronounce- try will be doing something else ments. During their Oct. 15 de- PANEL DISCUSSIONS: early next year. bate, the Republican nominee > Tech Tenants Tell All > Plenary Session: Money is Power They wouldn’t be the only ones. sought to outshine Mr. de Blasio Howard Lerman, Yext Kevin Davis, Taconic Investment Partners David Yassky, head of the Taxi and on affordable housing, saying,“On Michael Rubenstein, AppNexus William Macklowe, William Macklowe Company Limousine Commission, would Jan. 1, I’m going to declare a hous- Kevin P. Ryan, MongoDB and Business Insider Alan Wiener, Wells Fargo also be gone.Mr.de Blasio,who has ing emergency.” > Reinventing Midtown raked in hundreds of thousands of Mr. de Blasio steered clear of Tommy Craig, Hines REGISTER TODAY: dollars from taxi medallion owners such declarations, and declined to L. Jay Cross, Related Hudson Yards, Related Companies crainsnewyork.com/events-realestate2013 opposed to Mr. Bloomberg’s re- tell Crain’s last week if he would Michael Phillips, JAMESTOWN Properties William L. Zeckendorf, Zeckendorf Development, LLC forms of their business, said in a re- cancel the test prep that schools do cent interview that he wouldn’t every spring, something he has COST TO ATTEND: THURSDAY, NOVEMBER 7, 2013 keep Mr. Yassky. often bemoaned. But voters Mr. de Blasio would also likely shouldn’t mistake this for timidity, $250 individual tickets. Essex House New York sack New York City Housing Au- said Doug Muzzio, a political-science $2,500 for table(s) of 10. Networking Breakfast – 8:00am - 8:30am thority Chairman John Rhea. In a re- professor at Baruch College. You must be pre-registered to attend this event. No refunds permitted. Program – 8:30am - 12:00pm cent interview with the Daily News, “He would argue, on core the candidate slammed the troubled matters of approach and policy, agency’s leadership and vowed to [that he is] very outspoken,” Mr. For more information, call Alexis Sinclair at 212-210-0739 or [email protected] “rework the operational approach at Muzzio said. Ⅲ

AMOUNT SPENT by Republican city comptroller candidate John Burnett (left), or 0.9% of Supporting Partner: $55K the $6.1 million spent by his Democratic opponent, Manhattan Borough President Scott Stringer. For sponsorship information, call Lauren Black at 212-210-0736 or [email protected] Source: NYC Campaign Finance Board buck ennis

8 | Crain’s New York Business | October 21, 2013 SMALL BUSINESS

interview, ranking them following deliberations afterward. Crain’s Perfect Pitch contest At the event, the judges offered some tips on pitching to the busi- ness media: Startup weeSpring in the contest, moderated by Ashley Start with an interesting hook. Mr. Zwick, director of administration at Ipsen advised founders to grab jour- claims top prize at the business school’s Eugene Lang nalists’ attention by highlighting Entrepreneurship Center. impressive credentials right off the Columbia Business bat.“If you have a key asset,you don’t Other good ideas want to put it at the end of the School competition The first runner-up was Perkla, pitch,” Mr. Ipsen advised. an online-shopping platform offer- Tell a personal story. Farsai BY ELAINE POFELDT ing students discounts on a variety Chaikulngamdee, a business devel- of products. Try the World, a sub- oper at Try the World, won over the hen Allyson scription service that delivers boxes judges when she talked about com- Downey asked of locally sourced gourmet foods ing to the U.S. from Thailand as an her friends what and other items from cities around international student and experi- baby products to the world, was second runner-up. encing culture shock. Her desire to buy for her now The audience favorite was the promote cross-cultural understand- 2-year-oldW son,Logan,they sent her nonprofit Trek Medics Internation- ing informed her work at the start- a bunch of emailed spreadsheets al, where founder Jason Friesen, an up—and made an impression. with their favorites. Thinking there experienced paramedic, aims to im- Anticipate tough questions. Ms. catheriine gibbons catheriine had to be a less cumbersome way to prove emergency medical services in ATTENTION-GETTERS: (From left) Farsai Chaikulngamdee (Try the World), Josh Kaplan Henry quickly homed in on a chal- gather information like this, she developing countries where calling (Perkla), Nabeel Ahmad and Matt Morchower (Parlasa), Justin Belmont (Perkla) and Allyson lenge for a business like entrant Par- dreamed up weeSpring,a social net- 911 isn’t an option. Downey (weeSpring). lasa, which designed a search box work where parents could share The competition’s prize is cover- that appears when viewers of an ad with folks they knew.The site’s beta age in Crain’s, in this article and two in a tablet-based magazine or news- version went live in January. upcoming reports on their progress, their skillfulness in delivering a the low barriers to entry in her indus- paper hover over it. “The real prob- WeeSpring—which she dubs a for both the winners and the two compelling pitch to the media. try for potential competitors. lem is getting someone to click on an “Consumer Reports for parents”— runners-up.They will also appear in Ms. Downey—who has partici- In the first round of the contest, ad,” she noted. Predicting concerns won first place in the fourth annual follow-up videos in the coming year. pated in the prestigious Techstars each participant recorded 90-second like this and addressing them in a Crain’s New York Business Perfect This year’s judges were Erik business accelerator—impressed the video pitches that the judges viewed pitch can make it stronger. Ⅲ Pitch Competition, held at Colum- Ipsen, deputy managing editor of judges with a polished presentation at the event before grilling the pre- bia Business School on Oct. 11. Crain’s; Trish Henry, director of that highlighted a key strength of her senters about their startups, in the To sign up for Crain’s Twelve businesses and one nonprof- Crain’s Custom Connections Stu- business model:“It’s very grassroots,” way a journalist might vet someone SMALL BUSINESS newsletter, go to it organization from the Columbia dio; and me, a contributing editor. noted Mr. Ipsen. She also delivered a who was trying to pitch a story.Then www.crainsnewyork.com/smallbiz. University community participated We evaluated the contestants on realistic appraisal of its risks, such as the judges chose four contestants to

What did we learn from the last Storm of the Century that we can apply to the next one? Every time we turn around, there seems to be another Storm of the Century. So we’re spending over $1 billion over the next four years on storm-protection improvements. We’re building higher flood barriers. We’re investing in utility poles that can withstand 110 mph wind gusts. And we’re installing submersible electrical equipment in flood-prone areas. We’re also doing more to keep you informed during severe weather. Check our outage map, report a power problem, get a restoration estimate and find storm safety tips at conEd.com and follow us on Facebook or Twitter.

October 21, 2013 | Crain’s New York Business | 9 BUSINESS +1.6% One-year pay boost for NY metro area workers during 3Q, compared with 1.7% nationwide PEOPLE Source: Payscale

EXECUTIVE MOVES

Institute for Community Living: Chris Copeland,55, was promoted to chief operating officer at the nonprofit. He was previously chief program officer and acting chief operating officer. JCDecaux North America: Paul J. Meyer, 70, joined the outdoor-advertising company as president of digital sign services, a newly created position. He was previously president and chief executive of the Americas division at Clear Channel Outdoor. Cinema Advertising Council: Katy Loria, 46, was promoted to president and chairman at the nonprofit. She was previously executive director and will continue as senior vice president of national ad sales at Screenvision. Cliff Marks, 51, was appointed executive director. He was previously president and chairman and will continue as president of sales and marketing at National CineMedia. New-York Historical Society: Pam Schafler, 59, was promoted to board chair at the nonprofit. She was previously vice chair and chair of the JUST THEATER: Lear organization’s chairman’s council. deBessonet, winner Citymeals-on-Wheels: of an Obie, directs Daniel Boulud,58, ordinary folk in big- joined the nonprofit time productions. as co-president of its board of directors. He will continue as chef and owner of the Dinex Group.

buck ennis Big Brothers Big Sisters of New York City: Diana Noriega, GOTHAM GIGS 30, joined the nonprofit as director of its education initiative. She was previously a senior teacher at Exalt Youth. Pencil: Howard Chatzinoff, 61, joined the nonprofit as chairman of the board. He will continue as a partner at Theater’s Queen Lear Weil Gotshal & Manges. Simulmedia: Philip Guarascio, 70, was appointed to the board at the targeted television advertising company. He Everyone gets into the act in her Public Works shows will continue as chairman and chief executive of PG Ventures. Lear deBessonet is the queen of community 2006 that gave theater tickets to nontraditional CKSK: Tim McKee, 39, joined the ‘I wanted digital advertising agency as executive theater. ¶ This past summer, she directed a theatergoers. But that wasn’t enough. ¶ “I creative director and partner, a newly to create musical version of The Tempest in Central Park’s realized that I didn’t want the mentality of a created position. He was previously self-employed at Oneplusinfinity, Delacorte Theater featuring a cast that included charity where I was giving to you,” said the 33- which he founded. where the domestic workers, ex-offenders, taxi drivers and year-old from Baton Rouge, La. “I wanted to VOA Architecture: Brian J. McFarland, 50, joined the architectural design giving public-school kids. Oh, and six professional create where the giving could be mutual.” So in firm as a principal. He was previously actors performed, too. ¶ The show marked Ms. 2009, she directed a cast that included homeless- an associate principal at CetraRuddy. could be deBessonet’s debut as the Public Theater’s shelter residents in a production of Don Quixote Big Spaceship: Tony Clement,31, joined the digital creative agency as mutual’ director of Public Works, an initiative designed in Philadelphia. ¶ Ms. deBessonet was raised on strategy director and head of data and to cultivate more connections with people who lavish church pageants and Mardi Gras parades. analytics, a newly created position. He was previously head of strategic don’t normally go to the theater. Her coming-out She knew as a kid that she wanted to direct, but planning at TBG Digital. party earned rave reviews. ¶ She had long been she didn’t see her first professionally produced Convergent Wealth Advisors: Stephanie interested in theater and activism. She got her play until she was 18. “I saw ordinary people Zaffos, 39, joined the first job as an assistant director in the city by participating in big civic productions,” she wealth management asking one of her idols, director Anne Bogart, for recalled. ¶ But not all her plays are large-scale and consulting firm as director of trust a position after a chance meeting at LaGuardia community productions. Ms. deBessonet, who and estate planning. airport. During her free time, she worked with a won an Obie earlier this year, is now directing She was previously of counsel, tax and group that tried to keep kids out of jail. ¶ Hoping Bertolt Brecht’s Good Person of Szechwan at the wealth planning, at Venable. to meld her passions, she started a nonprofit in Public. —theresa agovino Roomer: Richie Karaburun, 44, joined

10 | Crain’s New York Business | October 21, 2013 the hospitality company as U.S. was promoted to senior vice president of Brisbois Bisgaard & Smith. managing director. He was previously client services and brand development at Maureen M. Stampp, 56, joined as a CORPORATE LADDER vice president of global supplier relations the sonic branding company. She was partner in its labor and employment at Radius. previously vice president and account practice. She was previously a partner HE WANTS YOUR TV TO KNOW WHAT YOU WATCH O’Connor Davies: Noam Hirschberger,36, director. at Lewis Brisbois Bisgaard & Smith. joined the accounting and consulting Junius Real Estate Partners: Kevin Rockwell Group: Shawn COOKIES, the not-so-tasty treats used to target banner ads based on your firm as a director in its financial services Straub, 38, joined as vice president. He Sullivan, 45, was computer browsing habits, are coming to television. Hoping to cash in on a and business valuation groups. He was was previously project director at promoted to partner at cookie-like technology for digital cable and television, IPG Mediabrands this previously a manager in the valuation Zeckendorf Development. the architecture and group at Grant Thornton. Sam Schwartz design firm, a newly month promoted Samuel Chesterman, 41, to chief information officer. Spreemo: Richard Herzog, 68, was Engineering: Laura created position. He “We are replacing the traditional model of a person making ad-buy appointed senior medical adviser at the Toole, 57, was will continue as studio decisions for television with a computer doing it automatically, something that health care company. He will continue promoted to general leader. is really new to TV,” Mr. Chesterman said. “And we want to be at the leading edge as director of spinal imaging at the manager. She was Capco: Eric Disend, 47, of that technology.” Hospital for Special Surgery. previously vice joined the business and technology Mr. Chesterman, most recently senior vice president and director of MoMA PS1: Peter Eleey, 35, was president and director consulting company as a partner. He was technology at IPG Mediabrands, will oversee the media holding company’s promoted to curator and associate of business previously digital director at EMC director of exhibitions and programs. He development. Consulting. mission to automate 50% of its media buying by 2016. was previously a curator. Kaufman & Co.: Gene R. Scheiman,70, Citrin Cooperman: Patricia Cummings, Mr. Chesterman will work closely with IPG Mediabrands’ Magna Consortium, a MTA New York City joined the law firm as a member. He was 50, joined the accounting firm as a data-gathering and advertising technology Transit: Joseph Leader, previously a partner at Arent Fox. partner. She was previously an assistant partnership it launched in August with 49, was promoted to Foley & Lardner: Lisa Estrada, 47, joined managing partner at Grant Thornton. A+E Networks, ESPN, AOL, SCG Retail: senior vice president, the law firm as a partner in its health Luke McGeehan, 26, was Cablevision and Clear Channel. department of care industry team. She was previously a promoted to geographic information subways. He was partner at Arent Fox. systems director at the real estate “Big clients like Chrysler and previously vice Davidoff Hutcher & Citron: Marc advisory firm. He was previously Sony need us to be more president and chief Kaufman, 32, joined the law and geographic information systems efficient in how we spend their ad- maintenance officer. government-relations firm as a partner editor. buying money,” said Jeff Lupinacci, IVI International Inc.: George Wilson,55, in its real estate group. He was Segal McCambridge Singer & Mahoney: global chief financial officer of IPG joined the construction risk- previously a partner at Katz & Matz. John Guerriero, 39, was promoted to Mediabrands. “Automation will management and due-diligence services Goodwin Procter: Nicholas A. Palumbo, 36, associate at the law firm. He was company as senior vice president. He was promoted to partner at the law firm. previously an independent give us real-time bidding and let was previously vice president and He was previously an associate. contractor. us access the audience Northeast regional manager at Marx Hinshaw & Culbertson: Gregory —eva saviano they want in a more Okubo Inc. Glickman, 33, joined the law firm as a effective way. Sam TD Bank: Emily Stoddard,34,was partner in its labor and employment will lead our company in EXECUTIVE PROMOTIONS promoted to senior vice president and practice. He was previously an that technology, market commercial credit manager in associate at Lewis Brisbois Bisgaard & The fastest way to get an announcement into and he’s hit the metro New York credit management. Smith. Crain’s is to submit online. Fill out the form She was previously vice president and Ivan D. Smith, 51, joined as a partner at www.crainsnewyork.com/section/ ground commercial lender. in its labor and employment practice. executive_moves. The Executive Moves column running.” Man Made Music: Lauren McGuire, 32, He was previously a partner at Lewis is also available online. —EVA SAVIANO

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October 21, 2013 | Crain’s New York Business | 11 OPINION CRAIN’S NEW YORK BUSINESS

Joe Lhota for mayor editor in chief Rance Crain publisher, vp Jill R. Kaplan espite the candidates’ rhetoric, picking as dramatically increasing teacher training and building EDITORIAL editor Glenn Coleman the city’s next mayor is not about Bill affordable housing on unneeded Postal Service and MTA managing editor Jeremy Smerd deputy managing editors Valerie Block, de Blasio returning New York to its properties—he hasn’t offered enough big ones to capture the Erik Ipsen crime-ridden past or Joseph Lhota public’s imagination. assistant managing editor Erik Engquist implementing Tea Party policies. It’s Yet his strengths more than compensate.The first senior producer, news Elisabeth Butler Cordova news producer Amanda Fung not even about their actual goals, which function of the city’s CEO is to run its sprawling contributing editor Elaine Pofeldt are similar: Both men aim to address bureaucracy, and Mr. Lhota has the ability and experience to columnists Greg David, Steve Hindy, Alair Townsend crain’s health pulse editor Barbara Benson the struggles of average New Yorkers, to stop punishing do that exceptionally well. He would break down the silos in senior reporters Theresa Agovino, small businesses, to increase the city’s supply of affordable which some city agencies reside, ensuring that they work Aaron Elstein, Lisa Fickenscher, Matthew Flamm, D Daniel Geiger, Adrianne Pasquarelli housing and to expand early-childhood education. together and within a clear chain of command. At the same reporters Joseph Anuta, Chris Bragg, Rather, New Yorkers should choose the candidate most time, he would not run roughshod over commissioners who Andrew J. Hawkins, Thornton McEnery reporter/videographer Ken M. Christensen capable of fulfilling these ambitions in an unusually understand their fields far web reporters/producers Nazish Dholakia, challenging fiscal environment, judging by the latest battle in better than he does. Mr. Irina Ivanova The moderate art director Steven Krupinski Washington.That depends not on ideology or charisma, but Lhota possesses a deputy art director Carolyn McClain on management skill and familiarity with government. It Republican has refreshing combination of staff photographer Buck Ennis copy desk chief Steve Noveck also demands an understanding of the private sector’s role in an ideal résumé competence and humility. copy editor Thaddeus Rutkowski supporting the many public services that help make New Mr. de Blasio also data editor Suzanne Panara assistant data editor Emily Laermer York a global center of corporate might and entrepreneurial for the job knows government well, researchers Elena Popina, Eva Saviano moxie. On all those counts, Mr. Lhota is the superior choice. having worked in it or ADVERTISING, MARKETING AND PRODUCTION A moderate Republican with a libertarian bent, Mr. with it his entire career. senior account managers Irene Bar-Am, David Harkey, Jill Bottomley Kunkes, Lhota has a résumé tailor-made for the job. He was finance But the Democrat’s Courtney McCombs, Suzanne Wilson commissioner, budget director and a deputy mayor in the management experience director of custom content Trish Henry sales coordinator Lauren Black 1990s, and knows city government down to its granular is thin, and he has not made a case for himself as chief newsletter product manager Alexis Sinclair details. Before his public service, he was an investment executive. His economic plan centers on business credit Todd J. Masura (313-446-6097) director of audience & content banker, and after it, was a top executive at Cablevision and mandates—a dubious strategy—and his school expansion partnership development Michael O’Connor Madison Square Garden. He then ran the Metropolitan depends on an unlikely tax increase, whereas Mr. Lhota senior marketing manager Catherine Schutten Transportation Authority, famously getting the world’s would fund prekindergarten expansion by finding budget director of conferences & events largest transit system rolling again after Superstorm Sandy. efficiencies.That exemplifies their differing philosophies. Courtney Williams reprint sales manager Lauren Melesio Mr. Lhota, like all candidates, has shortcomings. He’s not For his breadth of knowledge, managerial expertise and production and pre-press director exactly inspirational, which would be a nice quality for a mastery of city government, Crain’s endorses Joseph Lhota Simone Pryce advertising production manager mayor, though not essential. While his ideas are good—such for mayor. Suzanne Fleischman Wies ONLINE AND INTERACTIVE SERVICES senior web developer, interactive CRAIN’S ONLINE POLL COMMENTS Chris Tumminello TO SUBSCRIBE: For print and digital subscriptions or customer service, e-mail [email protected] or call 877-824-9379 (in the U.S. and Canada) or Stats and the pity 313-446-0450 (all other locations). $3.00 a copy for the print edition; or $99.95 one year, $179.95 two years, for print subscriptions with digital access. OBAMACARE BIAS? 508,000 are expected to gain CHILLY TO RENT FREEZE www.crainsnewyork.com/subscribe I have always enjoyed your insurance. What happened to Re your online poll on a istockphoto TO ADVERTISE: “Stats and the City” feature. It the other 60%? Are they to join proposed rent freeze for more SHOULD 1 MILLION CITY Contact Lauren Black at always seems to be a clear, an economic “trail of tears” like than 1 million rent-regulated [email protected] or call 212-210-0736. APARTMENTS GET A RENT concise and unbiased analysis of the millions of citizens who are city apartments: www.crainsnewyork.com/advertise the issue at hand. But this does no longer counted as unem- I am a left-of-center FREEZE? FOR INFORMATION ON OUR EVENTS: not appear to be the case in your ployed simply because they have Democrat. I’m also in the Contact Courtney Williams at Yes. Sky-high rents are driving more and more Oct. 7 issue dealing with been out of work for too long? affordable-housing business, [email protected] or 212-210-0257. working-class New Yorkers out of the city. A city Obamacare. It seems that you To all of the 100,000 lucky and I recognize that to provide www.crainsnewyork.com/events where only the rich can afford to live is not the cherry-picked some facts and children in the city who will be housing for lower-income folks sort of city we should be. figures to paint it in the most insured by this plan, let me share requires government subsidies TO CONTACT THE NEWSROOM: No. As long as landlords’ costs keep rising, the flattering light possible. this cautionary tale of free (direct or indirect), and they 711 Third Ave., New York, NY 10017-4036 If the goal of these health insurance. Medicare is a must be directed to those truly editorial phone: 212.210.0277 only thing a rent-hike moratorium would do is fax 212.210.0799 make developers even less inclined to build care exchanges is to insure as wonderful plan, which will pay in need. Entire contents ©copyright 2013 Crain Communications Inc. the additional affordable housing we need. many of the 2.7 million eligible for everything required to fix my To freeze rents for those All rights reserved. ®CityBusiness is a registered trademark Date of poll: Oct. 11 residents of the state as broken body. Now all I have to lucky enough to live in rent- of MCP Inc., used under license agreement. 369 votes possible, how can calls from do is find a decent doctor who stabilized units and to have the CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS 30,000 people, or just 1.1% of will work for just Medicare landlord become the exclusive chairman Keith E. Crain those people who are eligible, reimbursement. I have been provider of housing subsidies is president Rance Crain “swamp” any system? What looking for three years. a terrible idea and will result in treasurer Mary Kay Crain sort of response were the Using Medicare is like a shrinking of the housing Cindi Crain 45% bureaucrats expecting for their buying a nuclear submarine for supply. executive vp, operations William Morrow Yes 55% grand opening? What happens a dollar: It’s a great deal, but I’ll be voting Republican executive vp, director of strategic No when the regular season starts? what the heck are you going to for mayor in November’s operations Chris Crain According to the column’s election—again—but I’m not senior vp, group publisher Gloria Scoby do with it? David Kamis own numbers, 1.2 million city —mitchell dobies too hopeful. vp/production, manufacturing residents are eligible, but only Marlboro, N.J. —howard founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) secretary Merrilee Crain (1942-2012) FOR THIS WEEK’S QUESTIONS: CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send columns of 475 Go to www.crainsnewyork.com/poll to have your say. words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number.

12 | Crain’s New York Business | October 21, 2013 REBECCA DISBROW micro-units in Manhattan, which at- tracts wealthy buyers from around the globe. Absent incentives, decreasing the minimum apartment size in New The wrong market York City is likely to generate few micro-units in Manhattan south of Harlem. Data suggest, however, that for micro-units uptown and in many neighborhoods in the other boroughs, developers would build smaller units. icro-units, the tiny apartments Mayor This could be worrisome: Over- Michael Bloomberg is promoting as an option crowding and livability concerns in for young, single people, have created quite a low-income areas spurred the size stir across the city. Affordable-housing advo- minimum in the first place. Such is- sues can generally be made irrele- cates and politicians have been on both sides vant by high design and low occu- Mof the debate, but no one has questioned the underlying as- pancy. In Manhattan, single urban sumption that developers would want to build micro-units in professionals would spend $1,800- Manhattan.My research at MIT’s Department of Urban Stud- plus a month to live alone in a well- designed 250-square-foot unit. But ies and Planning suggests they with unit size. Far from finding a the data suggest Manhattan isn’t would not.The viability of these tiny premium for micro-size units, I dis- where they’d be built. units,which have caught on in cities covered the opposite: South of 96th Increasingly and overwhelming- from San Francisco to Boston, rests Street, revenues were exponentially ly,development trends in Manhattan on the assumption that small units bigger as apartment size increased. favor large units. It is indicative of Photo ooCr Crrededitdit::Bu Buck E nnisnis return more revenue per square foot. The trend has accelerated in each luxury-building and global-buying Smaller apartments, and thus more of the past 10 years. If the market trends that Manhattan micro-units, apartments per building,can boost a demanded smaller units, we would usually a strong product, would be developer’s profit and, supporters expect to see many apartments just unattractive to developers. There is, say, help a city’s housing market. over the legal minimum of 400 however, a clear need for more small Micro-units bring affordable-by- square feet.Instead,there has been a housing in New York City. My con- design dwellings to pricey areas— huge drop in their creation. From cern is not that the demand doesn’t Rebuilding NY: but only in markets where small 1950 to 1975,units smaller than 600 exist,but that those wanting to devel- units command a premium. square feet constituted 29% of new op micro-units in appropriate neigh- To see if such a premium exists in residential construction in Manhat- borhoods would be outbid. One Year Later New York, I analyzed more than tan. From 1975 to 2000, it was 17%, 70,000 sales of condos and rental and since then, just 9%. Rebecca Disbrow’s research cited above won Join Crain’s in a discussion with the region’s key political and buildings from 2003 to 2012 to see This suggests that developers the Outstanding Thesis Award for 2013 business leaders about the progress that’s been made—and the how price per square foot changes won’t be champing at the bit to build from MIT’s urban studies department. daunting challenges that lie ahead.

KEYNOTE PRESENTATION: DATE: Monday, October 28, 2013 IT’S A SNAP HOWARD GLASER LOCATION: Shutterstock is an image of tech Director of State Operations Sheraton New York Times Square 811 Seventh Avenue (at 53rd St.) NY tech’s rare success (figures in millions): Senior Policy Advisor to the Governor TIME: Year Revenue Profit PANEL DISCUSSION: 8:00am - 8:30am: Networking Breakfast Rebuilding NY: Lessons and Challenges One Year 8:30am - 10:30am: Program picture of health 2008 $52.7 $19.6 After Sandy 2009 $61.1 $18.8 COST TO ATTEND: PANELISTS: $150 for individual ticket(s) 2010 $83.0 $18.9 • HOWARD GLICKBERG: Vice Chairman, $1,500 for table(s) of 10 year ago, a New York-based tech company called Fairway Group Holdings Corp. 2011 $120.3 $21.9 • CASWELL HOLLOWAY: Deputy Mayor for Operations, For more information: Shutterstock went public with almost no fanfare. City of New York Alexis Sinclair 2012 $169.6 $47.5 (212) 210-0739 The firm, which sells images online, had not • DENISE RICHARDSON: Managing Director, Source: Shutterstock filings The General Contractors Association of New York, Inc. [email protected] been on the usual lists of hot tech startups. Only • JUDITH RODIN, Ph.D.: President, For sponsorship information: Crain’s showed much interest, with a Page 1 sto- Meanwhile, Shutterstock took The Rockefeller Foundation Lauren Black on market leader Getty Images, • WILLIAM C. RUDIN: Vice Chairman & CEO, (212) 210-0736 ry as its stock price popped almost immediately after shares Rudin Management Company A with better technology and much [email protected] began trading on the New York Stock Exchange (“Shutter- lower prices. It also won over big REGISTER TODAY: crainsnewyork.com/events-rebuildingnyevent stock!,” Oct. 22, 2012). users, such as publishers and ad Platinum Sponsor: Silver Sponsors: agencies, with subscription plans to A year later, Shutterstock can be control costs, which in turn give the anointed as the star of the city’s tech company a stable source of revenue. sector because its financial success Five of the seven analysts who makes it unlike the companies getting cover the company call the stock a all the hype.The stock trades at about buy even after its huge run-up be- $70 a share today,more than triple its cause Shutterstock had barely $21 launch price. Revenue will hit tapped into overseas markets; it is $230 million this year, twice as much also building up a video library that BRAND NEW RETAIL as two years ago. And in a city where is accelerating its growth, and its the big-name tech companies are youthful leadership has proved struggling to find revenue schemes, adept at managing Wall Street. Shutterstock is solidly profitable, The analysts also say the only big 3 WEST 36TH STREET with margins approaching 30%. GREG DAVID risk is that someone will do to Shut- The story is pretty simple. Co- terstock what it did to Getty, by of- 3,600 SF Ground lumbia computer-science grad Jon fering better technology at lower Oringer (a Crain’s 40 Under 40 in lion images, because it has exploited prices. But they think the odds of 1,500 SF All Windowed 2nd Floor 2013) was running a software com- the change in camera technology. that happening are small. pany that needed images for its mar- Hundreds of thousands of amateur Consider the comparisons with 1,400 SF Basement keting efforts. An amateur photog- and semiprofessional photographers the New York tech companies that At Base of New Luxury Residential Tower rapher,Mr.Oringer was appalled by take high-quality pictures, some- get all the attention: Gilt (unprof- Vented, Ideal Restaurant, Financial Services, etc. the prices charged for good photos times using their cellphones, break- itable), Etsy (maybe profitable), Adjacent Setai, Empire State Building, Lord & Taylor and the lousy quality of the afford- ing the hold of the professionals on Tumblr (sold for $1.1 billion but not able ones. So he shot 30,000 images the supply. Shutterstock allows them profitable) and Foursquare (not Neil Polon · 212-686-5252 · [email protected] and put them online. to upload their images and get royal- long for this world). That’s why Empire Management Shutterstock now offers 25 mil- ties when their work is downloaded. Shutterstock is the class of the field.

October 21, 2013 | Crain’s New York Business | 13 REAL ESTATE DEALS BARE BONES

north of $400 per square foot. about 100 infants, 460 W. 34TH ST. Brookfield broker David Cheikin toddlers and children ASKING RENT; TERM: Bright Horizons represented the landlord, and said involved in preschool Undisclosed; 10 years the day-care center is just one of and kindergarten prep SQUARE FEET: 11,000 many new amenities that will cater to to populate the facili- TENANT; REPS: EcoHealth the complex’s large office population. ty. It will also feature Alliance; James Emden and to dawn downtown “I think this goes along with the backup child care for Melinda Fishman of Colliers strategy that we can provide a differ- parents who need as- International Massachusetts-based child-care firm has inked an 11-year lease ent workplace than you can find any- sistance in a pinch. LANDLORD; REP: Kaufman Organization; in-house at the downtown office complex Brookfield Place, becoming where else in New York,” he said. The day-care cen- representation by Edward Hart the latest company to sign on during a restructuring of the “The few places in New York that ter is just the latest BACK STORY: The environmental health nonprofit will retail lineup at the property formerly known as the World have this scale haven’t been reposi- amenity added by move its headquarters to the 17th floor of the building, Financial Center. tioned in 25 years.” Brookfield Office located near Hudson Yards, west of Penn Station. ABright Horizons Family Solutions is shooting for mid-2014 to move into Bright Horizons specializes in Properties as it seeks a two-story,6,600-square-foot space at 200 Liberty St.,between the West Side both child care and early education, to make itself more attractive to of- lation. Highway and South End Avenue.The deal includes space on the ground and and will offer both at the new cen- fice workers and the financial dis- The deep-pocketed landlord has second floors.Some leases in the Brookfield Place retail campus have fetched ter. Brookfield expects a total of trict’s burgeoning residential popu- spent $250 million repositioning the retail portion of its 8 million- square-foot, four-building com- plex, which includes extras like restaurants and a planned 35,000- square-foot gym. Brookfield Place also features a waterfront prome- nade and park space. The retail re- vamp comes ahead of the construc- tion of a 400,000-square-foot mall across West Street at the World Trade Center site. Brookfield pre- We’re in the dicts the planned retail space will be complementary to many of the more upscale tenants it has signed. Bright Horizons was represent- ed by Michael Hoffman and Peter Occhi of Cassidy Turley. business of ideas. —joe anuta Yours.

Good ideas drive good business. 198 Ninth Ave.

We know. We’re part of a leading global bank that’s been helping businesses pursue their ideas and grow for Japanese bakery in over 150 years. Everything from small local businesses to some of the largest multinational companies in the on Ninth Avenue world, including thousands of clients right here in the U.S. With resources both near and far, we’re ready to A Japanese bakery is saying help you make your ideas a reality. konnichiwa to New York. Barbs, which has three dozen outposts in Japan, has signed a 10- But enough about us – What’s your idea? year lease for nearly 2,000 square feet at 198 Ninth Ave.,on the corner of West 22nd Street. The asking rent To learn more, please contact Peter Dawson at [email protected]. for the deal,which includes a 2,000- square-foot basement, was about $110 a square foot. Barbs will replace a Laundromat, which had been in the space for near- ly four decades, according to Jean Kersaint, the Lofgren Proust broker who represented landlord 198 Chelsea Corp. in the negotiation. “The neighborhood, particularly Small Business Commercial Large Corporate Real Estate the Ninth Avenue corridor,is chang- ing quite a bit,” said Mr. Kersaint, noting that a lot of smaller restau- Lending Cash Management Capital Markets International Solutions rants and residential condominiums have sprouted in the past five years, aided more recently by the transfor- Santander Bank, N.A. is a Member FDIC and a wholly owned subsidiary of Banco Santander, S.A. “Santander” and its logo are registered trademarks, and “a bank for mative opening of the High Line. your ideas” is a service mark of Banco Santander, S.A. or its affi liates or subsidiaries in the United States and other countries. ©2013 Santander Bank, N.A. The tenant was represented by Fumi Yokoyama, an independent broker. —adrianne pasquarelli

14 | Crain’s New York Business | October 21, 2013 PHILANTHROPY INSIDE THE LIST NY area’s largest foundations PAGE 17 ‘I want to ensure the economic escalator continues to move up’ REPORT —Darren Walker, president, Ford Foundation, Page 16 Q&A Back to his roots in a new post Ford Foundation chief committed to promoting the arts and social justice

BY THERESA AGOVINO

Darren Walker has come full cir- cle at the Ford Foundation. Dur- ing the summer, the 54-year-old was promoted to president of the country’s second-largest founda- tion when ranked by its $11 billion in assets—an organization that has been a part of Mr.Walker’s life since childhood. IN THE SPIRIT: Beth Shapiro of Raised by a single mother in a Citymeals-on- small Texas town,Mr.Walker was Wheels has new one of the country’s first children holiday appeals to benefit from the Head Start for donors. program, and he went to college using Pell Grants.Both initiatives were partially funded by Ford.His first nonprofit job was as develop- ment director at a Ford grant re- cipient, the Abyssinian Develop- buck ennis ment Corp. Mr. Walker is a gay African-American, and one of Ford’s main focuses is creating equality for people of all races and sexual orientations. Last year, Ford gave away Making holidays count $526 million, with the biggest chunk—roughly 34%, or $178 million—going to programs that Day,delivered to the door in a gift box signed specifically to boost the chari- promote democracy and justice. One-third of charity designed by a notable personality,such ty’s year-end fundraising campaign. Initiatives focused on arts,educa- donations come as Food Network star Sandra Lee. 2,500 Nonprofit executives all over the tion and reproductive rights re- They can also serve their meal on NUMBER of organizations city are finalizing plans for the last ceived the second-largest during the final tableware created by restaurant im- that participated in last push of the year, hoping to use the amount—$144 million, or about presario Danny Meyer, who recently year’s Giving Tuesday warm feelings generated by the holi- 26% of the total. month of the year designed a special line of paper days to pull at donors’ heartstrings. products. About one-third of all donations are How do you think your personal ties BY THERESA AGOVINO There’s a catch.Those cronuts will made during December, and for non- to the Ford Foundation will affect cost much more than the usual $5 profit executives it’s crucial to get how you manage it? Some hosts will give their guests an each, and the paper plates’ price tag $10M their share: Charities, especially My background has given me an extra reason to be grateful this will exceed anything picked up at AMOUNT of online social-service organizations, can understanding of the need for in- Thanksgiving by serving one of the Costco. The items are being sold to donations processed by bring in anywhere from 30% to 60% vestment in human capital and city’s most popular treats: cronuts. raise money for God’s Love We De- software company of their total budgets in the last three the centrality of private philan- And not just any cronuts, but special liver—a nonprofit that brings meals Blackbaud on Giving months of the year. To grab donors’ thropy making a difference in the confections concocted just for Turkey to the seriously ill—and were de- Tuesday in 2012 See HOLIDAYS on Page 18 See FORD on Page 16

October 21, 2013 | Crain’s New York Business | 15 REPORT PHILANTHROPY Ford Foundation’s new chief

Continued from Page 15 increase its arts giving, especially since I think Ford will be fully committed lives of people. There is a common other funders in that area are pulling to the arts under my leadership. back. Will you? DARREN public that we all need to invest in, During the recession, Ford’s endowment WALKER: “We and through that investment we are Culture is at the center of our civi- have to double a more inclusive and decent society. lization, and without investment fell, buyouts were offered, and down and The idea in this country is that there and appreciation of culture, we have employment stood at 370 last year, recommit to arts has always been an escalator of eco- no civilization. I’m very passionate down from 550 in 2007. Now that the funding.” nomic mobility and societal progress. about that idea. We have to double endowment is back up, will you be I want to ensure the economic esca- down and recommit to arts funding. hiring? lator continues to move up. That means investing in As we see increasing returns and community-based organizations yield on our endowment, we will Arts administrators hope your and [established] anchors.You need have additional resources to invest, background in managing Ford’s culture both to have a healthy ecology. I but my priority is to give as much in

buck ennis grants means the foundation may don’t want to talk about budgets,but grants as possible. I don’t start with the idea we need to hire more peo- ple. I start with the idea we need to make more grants. Form will follow function.

What are you doing to make sure the grants you give out are being utilized appropriately? We recently embarked on what we Health care Only 5% of employers call a results-reporting system. [For example], we support a global cam- reform is say they understand paign to stop child marriage. We confusing. health care reform want to know, is there a change in * ‘My priority is really well. to give as much in grants as possible’

money allocated to this issue be- cause of our support? Is there an in- crease in media attention? Is there an increase in the number of govern- ments prioritizing ending child marriage? We monitor that. What we do not do is become a slave of metrics and evaluation. Not every- thing that is important can be meas- ured in a quantitative way.

Some critics say Ford doesn’t give enough money to New York City. Your response? They say that because they know I’m a passionate New Yorker. An inter- national focus was built into our DNA; it goes back to Henry Ford II [who brought the foundation to New York]. I’m interested in invest- ing in New York City,but to us New York City is a microcosm of the world. I was just talking to [Cultur- al Commissioner] Kate Levin about How will you make the right decisions? this. We are supporting a project Call your local Afl ac offi ce or download our Employer’s Guide: that looks at how New York’s cultur- al experience can add to the global afl ac.com/HCRGuide discourse. How can we create and generate more effective public- private partnerships? We are com- mitted to New York. We learn so much from here.

What’s your biggest challenge in this role? I think the challenge is to ensure that the institution is managed in a way that continues the remarkable legacy of the Ford Foundation. The prob- lems we are working on today are so Z130889A *Source: 2013 Afl ac WorkForces Report 9/13 multifaceted and complex.I will have to be creative and be an active listen- er, especially to those on the ground, to inform my decisions. Ⅲ

16 | Crain’s New York Business | October 21, 2013 NEXT WEEK: THE Growing a NY Area’s Largest Foundations Small Business LIST Ranked by assets Guide

Largest contributors, 2012 THE SCOOP TRENDS Contributions (in millions) Top NYC giving areas Andrew W. Mellon Foundation ome good news for organizations in need: Giving by foundations is picking up $255,263.0 Value of grants (in millions) the pace. $817.9 Foundation to Promote Open Society After reporting overall declines for several years, total contributions from $909.7 $690.6 $653.6 the 15 largest foundations in the New York area increased 10.2% last year, to Atlantic Philanthropies $258.8 billion, compared with the year before, according to Crain’s research. $534.8 $511.2 $764.0 In fact, all but two reported increases in giving.“New York is seeing faster growth than S Ford Foundation we’re estimating nationally,” said Steven Lawrence, director of research at the Foundation Center.“Given the fact that the wealth in New York is tied to the financial- $525.9 services sector, it’s less surprising this would be the case.” Bloomberg Family Foundation One group that is directly tied to Wall Street is the Starr Foundation (No.12 on Crain’s $370.0 list), whose chairman is Hank Greenberg, the former head of AIG.The organization, Education Health Public Arts & Human which focuses on medical research and social-services programs, saw its total contribu- affairs/ culture services Top-paid foundation executives society tions rise 39%, to $73.4 million, in 2012. Among its largest recent grants was a five- benefit Title, Annual 2011 % change, year, $50 million donation to Weill Cornell Medical College for stem-cell research. Source: The Foundation Center Executive organization compensation 2010-2011 “We are working through those pre-existing commitments that went out a number of Judith President, years ago, as well as a renewal of our commitment to medical-research grants,” said Flo- Rodin Rockefeller Foundation $863,523 +5.7% Vartan President/trustee, rence Davis, the foundation’s president.“Medical grants tend to be large and long-term.” Gregorian1 Carnegie Corp. of New York $699,104 +26.3% In New York City,nearly 14% of all grants and 18% of grant dollars were for health- Paul L. President/trustee, care-related purposes. The largest local focus area, though, is education. In fact, eight Joskow Alfred P. Sloan Foundation $698,961 +3.7% of the 15 largest local organizations call education one of their primary focuses. The Edward P. President, Atlantic Philanthropies (No. 8) granted $350 million to the Cornell NYC Tech campus; Henry 2 Doris Duke Charitable Foundation $608,145 +4.9% the Foundation to Promote Open Society (No.5) dedicated $1.6 million to the Fund for Pub- Nancy President/trustee, Leona M. and Harry B. Helmsley Charitable Trust Roob Edna McConnell Clark Foundation $565,230 +2.3% lic Schools; and the (No. 3) earmarked gettyimages 1-Compensation reflects data from prior fiscal year, ended Sept. 30. 2-Officers are paid compensation by $500,000 for the ROADS Charter High School. —emily laermer JUDITH RODIN of the Rockefeller Foundation the Doris Duke Management Foundation. Source: IRS Form 990s, unless noted

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October 21, 2013 | Crain’s New York Business | 17 REPORT PHILANTHROPY Making the holidays count

Continued from Page 15 attention at that time, charities are GIFTS THAT KEEP ON GIVING under pressure each year to come up with new, standout appeals. FOR THOSE WHO WANT TO COMBINE charitable giving with holiday shopping, a “Holiday giving is incredibly im- growing number of startups with strong philanthropic missions are opening to portant,” said David Ludwigson, help. Most of them, like FEED and Toms Shoes, focus on a few products and chief development officer at God’s make a donation for each purchase. Love, which generates 35% of its DoGoodBuy.us, a for-profit website, offers $10.5 million budget from holiday products, many of them handmade, from about donations.“It can make or break our 250 nonprofits from around the world. Started entire year.” by Zack Rosenberg two years ago to mix Every new strategy now must in- business with charity, the nonprofits typically volve online giving. According to receive about 50% of their sales to help Blackbaud,a software company that fund their missions. But on Giving serves nonprofits, overall giving was Tuesday, they will receive 90%. Mr. up less than 2% last year, but online Rosenberg said he hopes the website donations jumped 11%. will help 5,000 people that day. That This holiday season, many non- will be possible if sales reach profits are focusing efforts on a new $15,000. campaign called Giving Tuesday, Items on the site include a $15 started last year by the 92nd Street clutch bag sold by Neglect, a nonprofit Y. It’s a movement that encourages that helps street girls in Ghana, and a people to donate to charity on the $20 bracelet offered by Malaika4Life, Tuesday after Thanksgiving, just as which fights malaria in Africa. Black Friday and Cyber Monday buck ennis “If you are going to shop, you goad people to shop. Last year, might as well shop for a cause,” 2,500 organizations participated Mr. Rosenberg said. —THERESA AGOVINO nationally. Though there are no exact data on how much the campaign raised,it seemed to make a difference. Black- major boon to holiday fundraising, recession. Its budget is $4.5 million, baud said it processed $10 million in especially for smaller organizations about $500,000 less than it was be- online donations on Giving Tuesday that can’t afford to host big galas and fore the downturn. A full 80% of its last year, a 53% increase compared lack boards crowded with deep- individual gifts are made in Decem- with the same day in 2011. Perfect pocketed philanthropists. ber, and those gifts account for a Fundraising, another software com- Barrier Free Living, a Manhat- third of the nonprofit’s budget. pany that serves nonprofits, said on- tan-based nonprofit that provides line donations for its 100 clients in- services for the disabled, will start a A personal touch creased by a total of 46%, to more monthlong campaign in December Beth Shapiro, executive director than $100,000, on that Tuesday, featuring one daily video of some- at Citymeals-on-Wheels, which while the amount of the average one involved in the organization, delivers prepared food to the elder- donation rose 25%, to $136.85. such as a donor or client.The videos ly, said this year’s email appeal to “At Thanksgiving, everyone is in will go out on BFL’s website, Face- donors discusses some of the clients an upbeat mood, so we were think- book page and Twitter feed. Scott in their neighborhood who receive ing about how to use that to foster Hess, the nonprofit’s organization- services, in an effort to make the giving,” said Henry Timms, interim al development manager, hopes the nonprofit seem more relevant. executive director of the Y. video subjects will rebroadcast their Improving the Internet cam- This year, the Y’s goal is to dou- testimonials on their own networks paign is key because that’s how the ble, to 5,000, the number of groups to broaden their reach. organization increasingly receives that participate. Last year, the Giv- “We are in the process of raising donations. In 2012, the nonprofit ing Tuesday campaign launched in received $1 million via online con- September, which limited market- tributions, up from $170,000 in ing.This time around, the Y started ‘At Thanksgiving, 2006. It’s especially important this promoting the idea much earlier year because gifts are down about and has been meeting with compa- everyone is in 10% going into the holiday season, nies and foundations throughout and Citymeals-on-Wheels derives the country to generate interest. an upbeat mood’ 60% of its budget from holiday donations. Gettting creative “It’s a little scary,” said Ms. Mr. Timms said one of Giving Shapiro, who speculated that dona- Tuesday’s best attributes is that it tions may be down because people can be tailored to individual organ- gave generously last year to a cam- izations. They use the event logo our profile,so social-media tools are paign to buy new vans. and some of the ideals but develop very important to us,”said Mr.Hess. Still, Ms. Shapiro has some oth- campaigns to suit their own needs. The Little Sisters of the As- er tricks up her sleeve for the holi- For example, Manhattan-based sumption Family Health Service, days. Noted restaurant critic and nonprofit Education Through Mu- which provides assistance to fami- Citymeals co-founder Gael Greene, sic is asking for air-mile donations lies in East Harlem, is also using the who contributed to Crain’s from instead of money as a way to differ- Internet to spur contributions. It is 2009 to 2012, is turning 80. Her entiate itself. The miles can be con- creating an online registry that will party on Dec. 22 will be a fundrais- verted to cash. allow people to donate baby goods er for the group.And an anonymous “There is a lot of competition to and toys to children of all ages. The donor bought out the Big Apple be creative,” said Tim Lemberger, nonprofit’s executive director, Gary Circus on Friday, Dec. 13, and gave director of marketing and commu- Carter, said a special appeal to give all the tickets to Citymeals. They nications at Education Through through the registry will be emailed will be sold for between $35 and Music. to former donors. $200, although some will be given Another benefit is that large cor- “Those donors are not respond- free to the organization’s volunteers. porations like AT&T and Microsoft ing to letters; they aren’t responding Ms. Shapiro said she’s hoping promote the campaign, keeping the to requests for cash,” he said. “We the circus event,which will appeal to idea of giving top of mind. have to try a different strategy.” families, will introduce the organi- “Social media really makes this Mr. Carter said trying new ap- zation to new donors. “Our typical happen,” said Mr. Timms. proaches is critical because the or- donor is older,” said Ms. Shapiro. Overall, the Internet has been a ganization is still hurting from the “This is a new group for us.” Ⅲ

18 | Crain’s New York Business | October 21, 2013

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There’s still time to strategize Trusts will suffer the brunt of the 3.8% sur- tax because they don’t have to produce to minimize impact; trusts OWEJKPEQOGKPQTFGTHQTKVVQCRRN[t likely to feel the brunt QPN[EQORCTGFYKVJVJG VJTGUJQNFHQTUKPINGƂNGTU Tax gurus have been sounding the “The surtax applies at the trust level to horn on the 3.8% net investment the extent there is undistributed invest- income tax — a levy that will hit OGPVKPEQOGCPFECRKVCNICKPUqUCKF J. Christopher Raulston, a wealth strategist top earners and any income com- at Raymond James Financial Inc. ing from their trusts — but inves- One possible strategy is for trustees to tors have been slow to react. FKUVTKDWVGKPEQOGVQVJGDGPGƂEKCTKGU considering individuals and married The 3.8% tax went into effect this year couples have a higher income threshold and applies to either net investment to meet before they can be subject to the KPEQOGHTQOVCZCDNGKPVGTGUVPQPSWCNKƂGF tax, he recommended. CPPWKVKGUCPFFKXKFGPFUQTVQOQFKƂGF adjusted gross income over $200,000 for Still, traps await the unwary: Investors and UKPINGƂNGTUQTHQTLQKPVƂNGTUt VJGKTƂPCPEKCNCFXKUGTUOWUVOCMGUWTGVJG[ whichever is less. work within the boundaries of the trust’s document and state law when working out Clients won’t see the raw effects until next FKUVTKDWVKQPRNCPU/T4CWNUVQPECWVKQPGF #RTKNYJGPVJG[ƂNGVJGKTVCZTGVWTPU#U They must also bear that in mind when with all things tax-related, they’re drag- VTWUVURWUJKPEQOGQWVVQDGPGƂEKCTKGU ging their feet in the meantime. particularly those who are at risk of litiga- tion and creditors. Once the money is out “The truth of the matter is that it hasn’t of the trust, it might be up for grabs. come to people’s attention, because VJG[JCXGPoVƂNGFCTGVWTPYKVJKV[GVq It might also be a good time to check UCKF%JCTNGU#WNKPQFKTGEVQTQHƂPCPEKCN the trust documents and ensure that they planning at The Glenmede Trust Co. NA. spell out the terms under which the trust- “I think they’ll see the impact next April ee can make the distributions. YJGPVJG[ƂNGTGVWTPUq

“If not for the surtax, you’d be able to “You’ll see a lot of people won’t pay keep the income in the trust, and nobody attention until they’re ready to get hit ECPVQWEJKVq/T4CWNUVQPUCKF YKVJVJGVCZqCFFGF)CXKP/QTTKUUG[ vice president of wealth management at Whether clients react in a timely manner is Commonwealth Financial Network. still up in the air, but one thing is for sure tVJGUWTVCZYKNNECVEJOCP[RGQRNG That means that there’s still time About the author ƃCVHQQVGFPGZV#RTKN to strategize. Darla Mercado covers life Certain trusts and estates that have “You can run through the highest tax insurance, annuities and undistributed net investment income and retirement products for brackets and get the surtax with very little RTQFWEGOQTGVJCPKPKPEQOGYKNN InvestmentNews, and she’s GHHQTVq/T/QTTKUUG[UCKFp+HVJGVTWUVGG also be subject to the surtax. To add insult looking for advisers’ in- isn’t paying attention to that, they’re going formed opinions, plus chat- to injury, trusts that generate more than VQJCXGSWKVGCUWTRTKUGYJGPVJG[ƂNGq ter on products and other that amount of income will also be in the industry developments. top income tax bracket of 39.6%.

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By: William B. Bissett

Estate planning is a core part of Meet Bill RTQHGUUKQPCNt$KNNEQPFWEVUQPNKPG!*QY .KMGOCP[QHWU$KNNNKXGUCEQORNGZNKHGt can Bill’s family pick up the pieces of his VJGƂPCPEKCNRNCPPKPIRTQEGUU one that is illustrative of the importance digital life and utilize them effectively in CPFOQTGKORQTVCPVN[CPGUUGPVKCN of digital estate planning. Let’s look at an the estate settlement process? part of guaranteeing the orderly average day in Bill’s life. If Bill doesn’t survive the car crash, how resolution of a deceased As Bill is driving to work, he calls the re- long will it take his wife to gather all of his important digital information? What individual’s affairs. pairman and asks him to stop by his rental RTQRGTV[VQƂZVJGMKVEJGPUKPM1PEGKPVJG happens if his wife was with him in the car? For centuries, courts have kept up with the QHƂEG$KNNEJGEMUJKUQPNKPGDCPMCEEQWPVU Have they done all that they can to allow ever-changing rules of estate planning to and pays the family bills, then gets to work the children to move forward in the event GPUWTGVJCVRTQRGTV[KUEQTTGEVN[FKUVTKDWVGFt writing his company’s weekly blog post. of their extended hospitalization or death? albeit with variable success. However, the *CUVJGKTƂPCPEKCNCFXKUQTJGNRGFVJGOCF- modern age poses a new challenge that After catching up on emails, Bill attends equately plan for all of their estate needs? courts have yet to adequately address. This CDWUKPGUUNWPEJCPFTGVWTPUVQJKUQHƂEG challenge is a unique type of property that is HQTCHVGTPQQPOGGVKPIU&WTKPIDTGCMU$KNN &KIKVCNKUUWGUFGƂPGF generating a myriad of questions regarding checks his Twitter, Facebook and LinkedIn $KNNCPF/CT[JKUYKHGJCXGPWOGTQWU GUVCVGRNCPPKPItFKIKVCNCUUGVU feeds, looking for updates from both his issues. Some of them we already know, business contacts and his son and daugh- and others we can assume. Let’s address Peoples’ digital lives are incredibly and in- ter, who are away at college. of a few of them: creasingly complex. According to a study &QGU/CT[MPQY$KNNoURCUUYQTFHQTJKU EQPFWEVGFD[/KETQUQHVCPCXGTCIGYGD At the end of the day, Bill reviews his bank login so that she can pay the online WUGTJCURCUUYQTFU investment accounts, company stock op- bills? After all, bill pay is tied to the user each of which is shared tions and trading accounts. It was a good login, not the account, so spouses can’t across 3.9 different day for the market, and, after a brief view see each other’s online bill payments and sites. This average of the day’s increase, Bill shuts down his banks do NOT typically release that infor- person uses their pass- EQORWVGTCPFNGCXGUVJGQHƂEG mation. Even if she does, has she written words approximately down the bill pay accounts in case Bill’s eight times every day However, on the way home to see his wife, WUGT+&IGVUHTQ\GPDGHQTGUJGVTCPUHGTU VQCEEGUUTQWIJN[ /CT[$KNNNQUGUEQPVTQNQHJKUECTCPFETCUJ- CNNVJGDKNNUVQJGTWUGT+&! password-protected es into a tree. He’s severely injured. &QGUUJGMPQYVJGNQIKPHQT$KNNoUM accounts.* CPFUVQEMQRVKQPUJKURNCPUJKU What happens next? Is Bill’s family ready company health insurance plan and his Think about your own VQCFFTGUUVJGƂPCPEKCNKUUWGUUWTTQWPFKPI HSA account? life and the number his possible incapacity or death? 3. What are the terms and conditions for of brokerage, tax- all the rewards points/miles that Bill has preferred, checking, Fortunately, Bill and his family recently through his various accounts? savings and digital updated their estate documents. The living accounts you have that will and advance directive are relatively *QYFQGU/CT[IGVKPVQWEJYKVJVJG are password protect- new, and the dispositive provisions on the renters? Is there a list of providers that ed. Where do you trusts set up for the kids are up to date. Bill uses for repairs? Where is the rental store your passwords? The disability and life insurance policies, agreement? Which monthly bills TGXKGYGFNCUV[GCTCTGOQTGVJCPUWHƂEKGPV &QGU/CT[JCXGCYQTMKPITGNCVKQPUJKR are paid online? How in the event of Bill’s disability or death. Even YKVJVJGRTQHGUUKQPCNUKPVJGKTƂPCPEKCN many miles or points Bill’s auto insurance and umbrella policies NKXGU!&QGUUJGMPQYJQYVQIGVQPNKPG have you accumulated are adequate, in case his wreck injured access to important documents? *Source: A Large-Scale through your digital accounts, and how someone and he is deemed negligent. Study of Web Password These are just a few of the potential issues *CDKVU/KETQUQHV4GUGCTEJ FQ[QWOCPCIGVJQUGpCUUGVUq!&Q[QW http://research.microsoft. JCXGUKIPKƂECPVOGFKCƂNGUVJTQWIJ Bill’s estate appears to be in good order. facing Bill’s family. If Bill kept an inventory EQORWDU iTunes or Amazon? How do you track But has anything been overlooked? What of his digital estate, things would be much www2007.pdf all these accounts? CDQWVCNNQHVJGYQTMtRGTUQPCNCPF simpler for his heirs.

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Delaware Trusts May Defer State Income Taxes

High-income taxpayers are Geoffrey B. Sargeant, usually well aware that state ® In addition to deferring state CFP KPEQOGVCZGUECPDGUKIPKƂECPVs Senior Vice President – Wealth Advisor KPEQOGVCZGU&GNCYCTGVTWUVU %CNKHQTPKCoUVQRTCVGKU Wealth Management Oregon’s is 9.9% and New York’s Services offer a number of other City National Bank KUVQOGPVKQPCHGY 2CTM#XGPWG RQVGPVKCNDGPGƂVUVJCVOC[ What they may not know is that New York, NY 10022   WPFGTVJGTKIJVEKTEWOUVCPEGU [email protected] be of interest. state income tax can be deferred by creating a Delaware situs 5QYJ[FQPoVOQTGRGQRNGWUG&GNCYCTG (legal jurisdiction) trust. as the situs for their trust? First, most trusts require that net income be dis- 5KPEG%KV[0CVKQPCNJCUC6TWUVQHƂEG tributed, typically monthly, therefore no NQECVGFKP9KNOKPIVQP&GNCYCTGYGCTG deferral is possible. Second, the tax is able to help clients who wish to utilize not eliminated; it is deferred until income &GNCYCTGVTWUVU*GTGoUCJ[RQVJGVKECN KUFKUVTKDWVGF5QOGDGPGƂEKCTKGUYQWNF example: simply rather pay the tax as they go rather than worry about it later. Finally, some #HCVJGTUGVUWRC&GNCYCTGVTWUVHQT CVVQTPG[UCTGPQVCUHCOKNKCTYKVJ&GNC- VJGDGPGƂVQHJKUFCWIJVGTCPFRNCEGU ware laws and may not be in a position income-generating assets within it. The to advise their client about this planning terms of the trust dictate that the income opportunity. is to be distributed to the daughter on a pFKUETGVKQPCT[qDCUKUCUVJGVTWUVGGFGVGT- In addition to deferring state income mines. Normally, the daughter would be VCZGU&GNCYCTGVTWUVUQHHGTCPWODGTQH liable for state taxes on that income every QVJGTRQVGPVKCNDGPGƂVUVJCVOC[DGQH year – whether or not she actually received interest. To better understand the advan- it. However, in this example, state income VCIGUCPFƃGZKDKNKV[C&GNCYCTGVTWUVOC[ tax is deferred until the distribution is offer, please contact a City National Bank CEVWCNN[OCFGVQVJGFCWIJVGT WPNGUUUJG ƂPCPEKCNCFXKUQT NKXGUKP&GNCYCTG 6JGTGHQTGCP[KPEQOG the trustee determines to keep in the trust The strategies presented in this document were not is not taxed in the daughter’s state of res- intended and cannot be used for the purpose of idence. Federal income taxes are owed, avoiding any tax penalties that may be imposed. The GKVJGTD[VJGDGPGƂEKCT[QTD[VJGVTWUV strategies were not written to support the promotion or marketing to another person of any transaction but the state income tax is deferred until it or matter addressed. Before implementation, you KUFKUVTKDWVGFVQVJGDGPGƂEKCT[6JGUCOG should consult with your other advisors on the tax, is also true for capital gains. accounting and legal implications of the proposed strategies based on your particular circumstances. More Flexibility in Planning It’s important to emphasize that the state income tax is not avoided, only deferred until such time as it’s distributed. However, being able to choose the year in which the daughter realizes income could be advantageous.

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Password sharing in the digital age It’s no surprise that the legal landscape offers &QNRJKP!+HUQYJCVCTGVJGVGTOUCPF If Bill simply shared all of his passwords with no real solution. The growing digital world conditions for those sites? In other words, his heirs, this would solve the online bill has necessitated some small legislative is ‘unauthorized’ access permitted or not? pay issue, allow the family to use the miles/ changes, but there have not been substan- rewards programs and grant the access to tial, comprehensive updates to legislation Summary social media sites. While it appears to be since 1986. Consequently, the laws current- #UCƂPCPEKCNRNCPPGTKVKUO[LQDVQJGNR a simple and effective solution, it is illegal ly in place really only address computer clients prepare for the future. We regularly under most companies’ terms and condi- technology as it was 27 years ago and ignore talk about clients’ goals and dreams. We tions and the Stored Communications Act much of the technology we use today. talk about risk management and planning of 1986. for the unknown. We ask them to plan the Gaping hole or just a leak? dispositive provisions for their children While the legal landscape catches up, years in advance. We discuss utilizing life people must decide how to address their insurance to help surviving spouses through own digital estates. Is the lack of legisla- the painful transition upon their deaths. tion a gaping hole or just a small leak in a We talk about education, vacation homes, steady ship? retirement and endless future events.

After all, other generations have managed It would be wise for us to also start con- to share the deceased’s information with- versations about their digital estate. It out any real concerns. Yes, the digital age may not lead to any practical solutions for has complicated it by adding passwords clients and their families, but at least we and usernames to social media accounts, can know that we got them thinking about but this shouldn’t be too big of a concern, an important subject. Alternatively, it could right? The executor will be able to access help clients protect their digital assets and most of the important information, and the simplify the estate-settling process for rest of it will fall into place over time. their families in the future.

2CUUYQTFUJCTKPIKUPQVQPN[KNNGICNtKV $WVYJCVKHKVFQGUPoVCNNpHCNNKPVQRNCEGq! is unreliable as they change over time. What if your right to privacy is providing Furthermore, recent technical innovations web-based companies with a way to avoid bring into question the long-term viability releasing the requisite information to About the author of password sharing, such as retina and [QWTJGKTU!&Q[QWYCPV[QWTHCOKN[VQIQ 9KNNKCO$KUUGVVKUC%GTVKƂGF(KPCPEKCN2NCPPGT ƂPIGTRTKPVUECPU VJTQWIJVJGCFFKVKQPCNUVTGUUQHƂIJVKPI with Pinnacle Advisory Group in Charlotte N.C. for access to important information in the Working with clients has taught him the impor- Clearly, password sharing is not necessarily a emotional days after a loss? tance of planning for the future and develop- ing a plan of action. Ultimately, it was seeing practical, long-term solution. Bill’s family may clients struggle to understand what needs to MPQYJKURCUUYQTFUCTGCNYC[U#DE Addressing the digital estate be organized and how to organize it that led DWVVJG[ECPPQVTGRNKECVGJKUƂPIGTRTKPV At the end of the day, the best way to him to create Principled Heart. prepare your estate is to develop a com- Principled Heart is a simple and secure online Legal landscape for digital assets prehensive inventory of your digital assets. software designed to help organize the important 2GTJCRU$KNNoUHCOKN[YKNNDGƂPG#HVGTCNNVJG This is a challenge, as accounts fall in and RGTUQPCNCPFƂPCPEKCNKPHQTOCVKQPVJCVYKNNJGKTU executor or personal representative should out of use over time. In order to keep a will need in the days, weeks and months after the death of a loved one. Through working with be able to legally gain access to Bill’s digital JCPFNGQP[QWTFKIKVCNRTQƂNGETGCVKPIC clients over the last 10 years, William learned accounts by providing websites with the list of types of digital accounts is helpful. that estate documents and insurance policies are FGCVJEGTVKƂECVGCPFUQOGQVJGTKPHQTOC- absolutely necessary, but these important pieces –without a more detailed map of where every- tion. However, many websites will refuse to Once you have created a list of your digital thing is stored and how the affairs are managed provide access by citing the Stored Commu- accounts, you also will need to decide how – provide families with an incomplete map of what nications Act of 1986, in which unauthorized you are going to store these passwords. needs to be done. Principled Heart was devel- oped to highlight the important information and users are not allowed access to a remote Are you going to use an online storage allow quick navigation so it can be customized to EQORWVKPIUGTXKEG 4%5  solution like Lastpass, PasswordBox, or the individual’s needs.

A Special Advertising Supplement to Crain’s New York Business TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of ACA Notice of Qualification of ESRT 1542 “REQUEST FOR PROPOSALS 2013 (2)” EVENTS Insurance Services, LLC. Authority THIRD AVENUE, L.L.C. Authority filed filed with NY Dept. of State on with Secy. of State of NY (SSNY) on ISSUANCE OF A REQUEST FOR PROPOSALS (RFP) by THE INCORPORATED 26th Annual 8/28/13. Office location: NY County. 09/10/13. Office location: NY County. VILLAGE OF FREEPORT and THE FREEPORT COMMUNITY DEVELOPMENT National Princ. bus. addr.: 2650 McCormick Dr., LLC formed in Delaware (DE) on AGENCY for the REDEVELOPMENT OF FREEPORT PLAZA WEST Awards #200S, Clearwater, FL 33759. LLC 09/05/13. Princ. office of LLC: One Dinner formed in DE on 6/19/13. NY Sec. of Grand Central Pl., 60 E. 42nd St., NY, PLEASE TAKE NOTICE The Village of Freeport and the Freeport Community State designated agent of LLC upon NY 10165. SSNY designated as Development Agency (here after known as the Sponsors) requests proposals for Friday, October 25, 2013 whom process against it may be agent of LLC upon whom process the development of an area on the north side of Sunrise Highway the intersection 6:30pm – 10:30pm The Pierre - 2 E 61st St, New York, NY 10065 served and shall mail process to: c/o against it may be served. SSNY shall Grove Street in the Incorporated Village of Freeport. As part of this planning and National Registered Agents, Inc., 111 mail process to c/o Corporation Ticket Price: starting at $600 renewal process, the Sponsors determined that the subject property is suitable 8th Ave., NY, NY 10011, regd. agent Service Co. (CSC), 80 State St., Life-Changing Research - from Discovery upon whom process may be served. Albany, NY 12207-2543. DE addr. of for expanded mixed-use commercial and workforce housing development. to Recovery in Mental Illness. Join us in DE addr. of LLC: 160 Greentree Dr., LLC: c/o CSC, 2711 Centerville Rd., celebrating the accomplishments of seven As part of an on-going planning and renewal process, the Sponsors are determined Outstanding Achievement Prizewinners Ste. 101, Dover, DE 19904. Cert. of Ste. 400, Wilmington, DE 19808. Arts. that the development area is suited for redevelopment. Additionally the subject Form. filed with DE Sec. of State, of Org. filed with DE Secy. of State, Div. and two Productive Lives Awardees, 401 Federal St., Dover, DE 19901. of Corps., John G. Townsend Bldg., property meets the objectives of the recently approved Master Plan for the North including Academy Award-winning Purpose: all lawful purposes. 401 Federal St., Ste. 4, Dover, DE Main Street Corridor and Station Area with new vibrant, mixed use center producer, Bruce Cohen. 19901. Purpose: Any lawful activity. commercial use that, increase tax revenues, provide jobs, and improve the www.bbrfoundation.org/dinner Notice of Qualification: Playback or 1-800-829-8289 Innovations, LLC. Application of Notice of Qual. of 221 W29 Garage appearance of the area, which will thereby strengthen the image of the Village. Authority filed with SSNY on Holding LLC, Auth. filed Sec’y of PLEASE TAKE NOTICE that the RFP will be available on Thursday, October 17, 25th Annual 08/23/2013. Office location: New York State (SSNY) 7/11/13. Office loc.: NY 2013 and there will be a pre-proposal conference on Friday, November 8, 2013 @ New York County. LLC formed in California on County. LLC org. in DE 7/10/13. Mental Health 03/03/2008. Address to which SSNY SSNY desig. as agent of LLC upon 10am at the Freeport Village Hall main meeting room 46 North Ocean Ave Research mail a copy of any process against whom process against it may be Freeport. An RSVP is required no later than Friday, November 1, 2013. Symposium LLC: 17785 Center Court Drive, Suite served. SSNY shall mail copy of Friday, October 25, 2013 - 9:30am – 4:30pm 600 Cerritos, CA 90703. Principal proc. to NRAI, 111 Eighth Ave., NY, PLEASE TAKE FURTHER NOTICE the completed RFP submission will be due no later than 4pm on Monday January 6, 2014. Kaufman Music Center business address of the LLC: 1379 NY 10011, the Reg. Agt. upon whom 129 West 67th St. New York, NY 10023 Park Western Dr. Ste 363 San Pedro, proc. may be served.. DE off. addr.: PLEASE TAKE FURTHER NOTICE that the RFP package containing guideline and Ticket Price: Free CA 90732. Certificate of LLC filed with 160 Greentree Dr., Ste. 101, Dover, instructions is available starting Thursday, October 17, 2013 the Freeport RSVP: bbrfoundation.org/symposium Secy of State of CA located: 1500 DE 19904. Cert. of Form. on file: or 1-800-829-8289 Community Development Agency office, located at 11 Richmond St. Freeport NY. 11th Street, Sacramento, CA 95814. SSDE, Townsend Bldg., Dover, DE The 2013 Outstanding Achievement Prizewinners NOTICE OF FORMATION OF 19901. Purp.: any lawful activities. If further information is needed contact Annette Wright Coordinator, Freeport and select NARSAD Young Investigator Grantees Ruchelman P.L.L.C. Arts of Org filed Notice of Formation of U.S. Taco Community Development Agency at 516-442-4844. will present updates on leading research discoveries with Secy of State of NY (SSNY) on Holding Co., LLC. Arts. of Org. filed across brain and behavior disorders. Q&A to 8/8/13. Office location: NY County. with NY Dept. of State on 7/12/13. Notice of Qualification of Rand NOTICE OF QUALIFICATION OF follow. Keynote by Elyn Saks, best-selling author, SSNY designated agent upon whom Office location: NY County. Sec. of Advisors, LLC. Authority filed with ATCO SC-1, LLC. Authority filed professor of law and recipient of the 2009 process may be served and shall State designated agent of LLC upon NY Dept. of State on 8/29/13. Office with Secy of State of NY (SSNY) on MacArthur Foundation “Genius Grant.” mail copy of process against PLLC whom process against it may be location: NY County. Princ. bus. addr.: 7/11/13. Office location: NY County. to principal business address: 150 E. served and shall mail process to: c/o 42 Regatta View Dr., Saratoga Springs, LLC formed in DE on 5/30/13. SSNY The Third Annual New Jersey 58th St, 22nd Flr, NY, NY 10155. CT Corporation System, 111 8th NY 12866. LLC formed in DE on designated as an agent upon whom Apartment Summit Purpose: any lawful act. Ave., NY, NY 10011, regd. agent 8/27/13. NY Sec. of State designated process may be served and shall mail Notice of formation of Limited Liability upon whom process may be served. agent of LLC upon whom process copy of process against LLC to: The Hamilton Park Hotel & Conference Center Company (“LLC”). Name: JEM Purpose: all lawful purposes. against it may be served and shall Corp Trust Co. 1209 Orange St. Florham Park, NJ Holdings, LLC. Articles of Organization Notice of Formation of 169 Spring mail process to: c/o CT Corporation Wilmington, DE 19801. Principal Oct 30 filed with the Secretary of State of Partners LLC, Art. of Org. filed Sec’y of System, 111 8th Ave., NY, NY 10011. business address: c/o Atco Properties. Join 400+ Commercial Real Estate Executives DE addr. of LLC: c/o The Corporation Cert of LLC filed with Secy of State of at New Jersey Apartment Summit the State of New York (“SSNY”) on State (SSNY) 4/29/13. Office location: Record attendance is expected when New Jersey 9/5/13. N.Y. office location: New NY County. SSNY designated as Trust Co., 1209 Orange St., DE located: Division of Corporations, and leading Tri-State commercial multifamily York County. The SSNY has been agent of LLC upon whom process Wilmington, DE 19801. Cert. of P.O. Box 898, Dover, DE 19903. executives convene. designated as agent of the LLC against it may be served. SSNY shall Form. filed with DE Sec. of State, 401 Purpose: any lawful act. Hear expert speakers: upon whom process against it may mail copy of process to NRAI, 111 Federal St., Dover, DE 19901. Notice of Qualification of AG Private • Patrick Gniadek, AvalonBay Communities, Inc. be served. The SSNY shall mail a Purpose: all lawful purposes. • Adam Mermelstein, Treetop Development Eighth Ave., NY, NY 10011. Purpose: Equity IV Annex LLC. Authority filed • Brigid Callahan Harrison, Montclair State Univ copy of any process to LLC, 472 any lawful activities. Notice of Formation of BLUEH20 with NY Dept. of State on 8/26/13. • Mitchell S. Berkey, Wolff & Samson PC Broome Street, Number 3, New York, HOLDINGS, LLC. Arts. of Org. filed Office location: NY County. LLC • Kevin Cummings, Investors Bank NY 10013. Name/address of each 1158 Second Avenue, LLC. Arts. of Org. filed with Secy. of State of NY with Secy. of State of NY (SSNY) on formed in DE on 8/19/13. NY Sec. of For additional information and registration: member available from SSNY. 09/05/13. Office location: NY County. State designated agent of LLC upon www.cre-events.com/njas2013 Purpose: any lawful activity. (SSNY) on 08/23/13. Off. loc.: NY Co. SSNY designated as agent of Princ. office of LLC: c/o Richard whom process against it may be NOTICE OF FORMATION OF HUB LLC upon whom process may be Zirinsky, Jr., 60 E. 56th St., 9th Fl., served and shall mail process to: c/o ENGINEERING, PLLC. Arts of Org served. SSNY shall mail process to NY, NY 10022. SSNY designated as Angelo Gordon & Co., L.P., 245 Park filed with Secy of State of NY (SSNY) 334 E. 94th Street, New York, NY agent of LLC upon whom process Ave., 26th Fl., NY, NY 10167, principal TELECOMMUNICATIONS on 9/3/13. Office location: NY County. 10128. Purpose: General. against it may be served. SSNY business address. DE address of LLC: SSNY designated agent upon whom shall mail process to the LLC at the c/o The Corporation Trust Co., 1209 process may be served and shall mail IT TAKES 2…YOGA, LLC, a domestic addr. of its princ. office. Purpose: Orange St., Wilmington, DE 19801. copy of process against PLLC to: LLC, filed with the SSNY on 9/6/13. Any lawful activity. Cert. of Form. filed with DE Sec. of United States Corporation Agents, Inc., Office location: New York County. SSNY State, Townsend Bldg., Dover, DE Notice of Formation of Swan Song 33 East 33rd Street 7014 13th Ave, Ste 202, Brooklyn, NY is designated as agent upon whom Associates, LLC. Arts. of Org. filed 19901. Purpose: all lawful purposes. 11228. Principal business address: process against the LLC may be served. with NY Dept. of State on 9/26/13. Notice of Qualification of RCM MEDIA New York, NY 10016 244 5th Ave, Ste A118, NY, NY SSNY shall mail process to: Michele Office location: NY County. Princ. bus. LLC. Authority filed with Secy. of State 212-532-7400 10001. Purpose: practice professional Vindigni, 3 Stuyvesant Oval, 10c, NY, addr.: 64 N. Moore St., Ste. 2W, NY, of NY (SSNY) on 09/19/13. Office [email protected] engineering and any lawful act. NY 10009. General Purposes. NY 10013. Sec. of State designated location: NY County. LLC formed in Notice of Formation of 141 Dyckman COMGROUP US HOLDING LLC, a agent of LLC upon whom process Pennsylvania (PA) on 08/10/10. SSNY EMERGENCY Retail LLC, Art. of Org. filed Sec’y of domestic LLC, filed with the SSNY against it may be served and shall designated as agent of LLC upon whom COMMUNICATIONS State (SSNY) 6/11/13. Office location: on 8/16/13. Office location: New York mail process to: c/o Salon Marrow process against it may be served. SSNY NY County. SSNY designated as County. SSNY is designated as agent Dyckman Newman & Broudy LLP, shall mail process to c/o Richard C. SYSTEMS agent of LLC upon whom process upon whom process against the LLC 292 Madison Ave., 6th Fl., NY, NY Morais, 309 E. 49th St., Apt. 5E, NY, SPECIALISTS against it may be served. SSNY shall may be served. SSNY shall mail 10017. Purpose: any lawful activity. NY 10017. PA addr. of LLC: 2595 • FREE PICKUP & DELIVERY Interstate Dr., St.103, Harrisburg, PA mail copy of process to 150 E. 58th process to: Trief & Olk, 150 E. 58th St., NOTICE OF QUALIFICATION of 17110. Arts. of Org. filed with Secy. • 48 HOUR TURNAROUND St., 39th Fl., NY, NY 10155. Purpose: 34th Fl., NY, NY 10155-0002. Gemini CP Operator, LLC. Authority of the Commonwealth, 333 Market ON REPAIRS any lawful activities. General Purposes. filed with Secy of State of NY (SSNY) St., 16th Fl., Harrisburg, PA 17121. • FREE ENGRAVING on 8/14/13. Office location: NY County. NOTICE OF QUALIFICATION of JUPITECH LLC, a domestic LLC, Purpose: Any lawful activity. Newmyer Contracting llc. Arts of Org filed with the SSNY on 7/2/13. Office LLC formed in DE on 5/9/13. SSNY • SHORT & LONG TERM filed with Secy of State of NY (SSNY) location: New York County. SSNY is designated agent upon whom Notice of Qualification: Pronology, RENTALS on 9/6/13. Office location: NY County. designated as agent upon whom process may be served and shall LLC. Application of Authority filed LLC formed in CT on 1/28/05. SSNY process against the LLC may be mail copy of process against LLC to: with SSNY on 08/23/2013. Office designated agent upon whom process served. SSNY shall mail process to: c/o CSC, 80 State St., Albany, NY location: New York County. LLC may be served and shall mail copy of The LLC, 708 Third Ave., #1610, NY, 12207. Principal business address: formed in California on 05/17/2013. process against LLC to principal NY 10017. General Purposes. c/o CSC 2711 Centerville Rd, Ste Address to which SSNY mail a copy business address: 32 Centre St., Notice of Qualification of J.P. 400, Wilmington, DE 19808. Cert. of of any process against LLC: 17785 Mansfield Center, CT 06250. Cert. of MORGAN GLOBAL PRIVATE EQUITY LLC filed with Secy of State of DE: Center Court Drive, Suite 600 LLC filed with Secy of State of CT: INSTITUTIONAL INVESTORS V LLC. 401 Federal St. Ste 4, Dover, DE Cerritos, CA 90703. Principal business 30 Trinity St., Hartford, CT. Purpose: Authority filed with Secy. of State of NY 19901. Purpose: any lawful act. address of the LLC: 3626 Hightide PUBLIC & LEGAL any lawful act. (SSNY) on 09/23/13. Office location: NOTICE OF QUALIFICATION of Dr. Rancho Palos Verdes, CA 90275. Notice of Qualification of Hayden NY County. LLC formed in Delaware Westchase Residential Assets LLC. Certificate of LLC filed with Secy of NOTICES Asset IX, LLC. App. for Auth. filed (DE) on 08/14/13. Princ. office of LLC: Authority filed with Secy of State of State of CA located: 1500 11th with Secy. of State of NY (SSNY) on 270 Park Ave., NY, NY 10017. SSNY NY (SSNY) on 8/22/13. Office loca- Street, Sacramento, CA 95814. Notice of Qual. of Roystone Capital 9/3/13. Office location: NY County. designated as agent of LLC upon tion: NY County. LLC formed in DE Notice of Qual. of Roystone Capital Management LP, Auth. filed Sec’y of LLC formed in Delaware (DE) on whom process against it may be on 7/1/13. SSNY designated agent Holdings LLC, Auth. filed Sec’y of State (SSNY) 2/19/13. Office loc.: NY 3/20/13. SSNY designated as agent served. SSNY shall mail process to upon whom process may be served State (SSNY) 2/19/13. Office loc.: NY County. LP org. in DE 11/16/12. SSNY of LLC upon whom process against c/o Corporation Service Co. (CSC), and shall mail copy of process County. LLC org. in DE 11/16/12. SSNY desig. as agent of LP upon whom it may be served. SSNY shall mail 80 State St., Albany, NY 12207-2543. against LLC to: 120 Gibraltar Rd, Ste desig. as agent of LLC upon whom process against it may be served. process to: Capitol Services, Inc., DE addr. of LLC: c/o CSC, 2711 300, Horsham, PA 19044. Principal process against it may be served. SSNY shall mail copy of proc. to Att: 1218 Central Ave., Ste. 100, Albany, Centerville Rd., Ste. 400, Wilmington, business address: 7077 Bonneval SSNY shall mail copy of proc. to Att: Richard Barrera, 767 Third Ave., 6th NY 12205. DE address of LLC: 1675 DE 19808. Arts. of Org. filed with Rd, Ste 430, Jacksonville, FL 32216. Richard Barrera, 767 Third Ave., 6th Fl., NY, NY 10017. DE off. addr.: CSC, South State St., Ste. B, Dover, DE Secy. of State of DE, Secy. of State DE address: 2711 Centerville Rd, Ste Fl., NY, NY 10017. DE off. addr.: CSC, 2711 Centerville Rd., Wilmington, DE 19901. Arts. of Org. filed with DE Corporation Dept., Records Section, 400, Wilmington, DE 19808. Cert. of 2711 Centerville Rd., Wilmington, DE 19808. Cert. of LP on file: SSDE, Secy. of State, 401 Federal St., Ste. Townsend Bldg., Loockerman & LLC filed with Secy of State of DE: 19808. Cert. of Form. on file: SSDE, Townsend Bldg., Dover, DE 19901. 4, Dover, DE 19901. Purpose: any Federal Sts., Dover, DE 19901. 401 Federal St, Ste 4, Dover DE Townsend Bldg., Dover, DE 19901. Name/addr. of each gen. ptr. avail. at lawful act or activity. Purpose: Any lawful activity. 19901. Purpose: any lawful act. Purp.: any lawful activities. SSNY. Purp.: any lawful activities.

October 21, 2013 | Crain’s New York Business | 25 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of BROOKFIELD Notice of Qualification of IH3 PROP- Notice of Formation; Integrity Square Notice of Qualification of RGN-NEW NOTICE OF QUALIFICATION OF PROPERTY GROUP LLC. Authority ERTY HOLDCO L.P. Authority filed LLC Application for Authority filed YORK XLII, LLC. Authority filed with THC-ATCO, LLC. Authority filed with filed with Secy. of State of NY (SSNY) with Secy. of State of NY (SSNY) on with SSNY on 1/4/2012. Off. Loc.: New Secy. of State of NY (SSNY) on Secy of State of NY (SSNY) on on 10/07/13. Office location: NY 08/28/13. Office location: NY County. York Cnty. Arts. of Org. filed with SSDE 08/27/13. Office location: NY County. 7/25/13. Office location: NY County. County. LLC formed in Delaware (DE) LP formed in Delaware (DE) on on 2/24/2010. SSNY designated as LLC formed in Delaware (DE) on LLC formed in DE on 10/14/09. SSNY on 01/01/11. Princ. office of LLC: 08/08/13. Princ. office of LP: 345 Park agent of LLC whom process may be 08/12/13. Princ. office of LLC: 153058 designated as an agent upon whom Brookfield Pl., 250 Vesey St., 15th Fl., Ave., NY, NY 10154. SSNY designated served. SSNY shall mail process to: Dallas Pkwy., Ste. 400, Addison, TX process may be served and shall NY, NY 10281-1023. SSNY designated as agent of LP upon whom process c/o the LLC, 49 West 23rd Street, 10th 75001. SSNY designated as agent of mail copy of process against LLC to: as agent of LLC upon whom process against it may be served. SSNY shall Floor, New York, NY 10010. Address LLC upon whom process against it United Corporate Services, Inc. 874 against it may be served. SSNY shall mail process to Corporation Service required to be maintained in DE: c/o may be served. SSNY shall mail process Walker Rd., Suite C, Dover, DE mail process to c/o Corporation Co. (CSC), 80 State St., Albany, NY National Registered Agents Inc., 160 to c/o Corporation Service Co., 80 19904. Cert of LLC filed with Secy Service Co. (CSC), 80 State St., 12207-2543. Name and addr. of each Greentree Drive, Suite 101, Dover, DE State St., Albany, NY 12207-2543. DE of State of DE located: Division of Albany, NY 12207-2543. DE addr. of general partner are available from 19904, County of Kent. Name and addr. of LLC: 2711 Centerville Rd., Corporations, P.O. Box 898, Dover, LLC: c/o CSC, 2711 Centerville Rd., SSNY. DE addr. of LP: c/o CSC, 2711 address of the authorized officer in DE Ste. 400, Wilmington, DE 19808. Cert. DE 19903. Purpose: any lawful act. Wilmington, DE 19808. Arts. of Org. Centerville Rd., Ste. 400, Wilmington, where copy of Arts. of Org. is filed: of Form. filed with DE Secy. of State, 401 Federal St., Ste. 4, Dover, DE NOTICE OF FORMATION OF Sadkin filed with DE Secy. of State, 401 DE 19808. Arts. of Org. filed with Secretary of State of Delaware, John 19901. Purpose: Any lawful activity. Restaurant Law Associates, PLLC. Federal St., Dover, DE 19901. State of DE, Dept. of State, Div. of G. Townsend Bldg., Federal and Duke Purpose: Any lawful activity. Corps., John G. Townsend Bldg., Articles of Organization filed with the of York Streets, Dover, DE 19901. Top Hill Development LLC, Arts of Org Secretary of State of NY (SSNY) on NOTICE OF FORMATION OF Kelly 401 Federal St., Ste. 4, Dover, DE Purpose: all lawful activities. filed with SSNY on 08/27/13. Off Loc: 19901. Purpose: Any lawful activity. 8/12/2013. Office location: NEW YORK Greene Events, LLC. Arts of Org filed Notice of Formation of Trudy Williams New York County, SSNY designated County. SSNY has been designated with Secy of State of NY (SSNY) on NOTICE OF FORMATION OF LIMITED LLC. Arts. Of Org. filed with Secy. of as agent of LLC upon whom process as agent upon whom process 7/9/13. Office location: NY County. LIABILITY COMPANY. NAME: WU 45 State of NY (SSNY) on 8/8/2013. against it may be served. SSNY shall against it may be served. The Post SSNY designated agent upon whom E 25-37B LLC. Articles of Organization Office location: New York County. mail a copy of process to: The LLC, Office address to which the SSNY process may be served and shall were filed with the Secretary of State SSNY designated as agent of LLC 566 7th Ave, Ste. 901, New York, NY shall mail a copy of any process mail copy of process against LLC to of New York (SSNY) on 08/29/13. upon whom process against it may be 10018. Purpose: to engage in any against the LLC served upon him/her principal business address: 1140 Ave Office location: New York County. SSNY served. SSNY shall mail process to: lawful act. is: 355 W. 51st, Ste. 56, New York, of the Americas, 9th Flr, NY NY has been designated as agent of the The LLC, 201 West 92nd Street, 1K, NY 10019. The principal business Notice of Qualification of Sunny View 10036. Purpose: any lawful act. LLC upon whom process against it may New York, NY 10025. Purpose/ address of the PLLC is: 355 W. 51st, LLC. Authority filed with NY Dept. of be served. SSNY shall mail a copy of character of LLC: Any lawful purpose. Ste. 56, New York, NY 10019. NOTICE OF FORMATION OF jjSHiN State on 1/9/13. NYS fictitious name: process to the LLC, c/o Katherine Wu, Purpose: any lawful act or activity. LLC. Articles of Organization filed with Notice of Formation of EMG REALTY, Sunny View (56th Street) LLC. Office Esq., 200 West 67th Street, Unit 22D, the Secretary of State of NY (SSNY) LLC. Arts. of Org. filed with Secy. of location: NY County. LLC formed in Notice is hereby given that an on- New York, New York 10023. on 9/5/2013. Office location: NEW State of NY (SSNY) on 05/07/04. DE on 6/3/11. NY Sec. of State desig- premises license #TBA has been Purpose: For any lawful purpose. YORK. SSNY has been designated Office location: NY County. Princ. nated agent of LLC upon whom applied for by the undersigned to sell as agent upon whom process Notice of Qual. of Maple West 25th office of LLC: 500 W. 56th St., #2203, process against it may be served and beer, wine and liquor at retail in a against it may be served. The Post Owner, LLC, Auth. filed Sec’y of NY, NY 10019. SSNY designated as shall mail process to: c/o Shannon restaurant under the Alcoholic Office address to which the SSNY State (SSNY) 7/3/13. Office loc.: NY agent of LLC upon whom process Retzke, Esq., Withers Bergman LLP, Beverage Control Law at 483 shall mail a copy of any process County. LLC org. in DE 7/3/13. SSNY against it may be served. SSNY shall 157 Church St., 19th Fl., New Haven, Amsterdam Avenue, New York, NY against the LLC served upon him/her desig. as agent of LLC upon whom mail process to Edward O’Brien at CT 06510, principal business 10024 for on-premises consumption. is: 30 W 63rd St., Apt 8K, New York, process against it may be served. the princ. office of the LLC. Purpose: address. DE address of LLC: c/o The NICKY MEATBALLS INC. d/b/a NY 10023. The principal business SSNY shall mail copy of proc. to NRAI, Any lawful activity. Corporation Trust Co., 1209 Orange POLPETTE address of the LLC is: 30 W 63rd St., 111 8th Ave., NY, NY 10011, the Reg. St., Wilmington, DE 19801. Cert. of Apt 8K, New York, NY 10023. NOTICE OF FORMATION OF NOTICE OF FORMATION OF 888 Agt. upon whom proc. may be served. Form. filed with DE Sec. of State, Purpose: any lawful act or activity. PelagicOne LLC. Arts of Org filed GIFTS LLC. Arts of Org filed with Secy DE off. addr.: 160 Greentree Dr., Ste. 401 Federal St., Dover, DE 19901. with Secy of State of NY (SSNY) on of State of NY (SSNY) on 8/29/13. NOTICE OF FORMATION OF Sheryl 101, Dover, DE 19904. Cert. of Form. Purpose: all lawful purposes. 7/01/13. Office location: NY County. Office location: NY County. SSNY Checkman Design LLC. Arts of Org on file: SSDE, Townsend Bldg., Dover, SSNY designated as agent upon Notice of Qualification of Ampere designated agent upon whom process filed with Secy of State of NY (SSNY) DE 19901. Purp.: any lawful activities. whom process may be served and Solar Owner II, LLC. Authority filed may be served and shall mail copy of on 5/30/13. Office location: NY shall mail copy of process against with NY Dept. of State on 9/16/13. process against LLC to principal County. SSNY designated as agent Notice of Formation of BRP 439 LLC c/o Wiggin and Dana LLP, 450 Office location: NY County. LLC business address: C/O TORKIAN upon whom process may be served MONTAUK, LLC. Arts. of Org. filed Lexington Ave., NY, NY 10017. formed in DE on 8/13/13. NY Sec. of GROUP 1650 BROADWAY, Ste 910, NY, and shall mail copy of process against with Secy. of State of NY (SSNY) on Principal business address: TBD. State designated agent of LLC upon NY 10019. Purpose: any lawful act. LLC to principal business address: 9/30/13. Office location: NY County. Purpose: any lawful act. SSNY designated as agent of LLC whom process against it may be 531 E 87th St, 1C, NY, NY 10128. NOTICE OF AUTHORIZATION OF upon whom process against it may Notice of Qualification of Hayden served and shall mail process to: c/o Purpose: any lawful act. FOREIGN LLC. Name: Iguana be served. SSNY shall mail process Asset VII, LLC. App. for Auth. filed CT Corporation System, 111 8th Notice of Formation of Holly J. Healthcare Partners, LLC. Date of to: c/o BRP Companies, 767 Third with Secy. of State of NY (SSNY) on Ave., NY, NY 10011, regd. agent Digertt, LLC. Articles of Organization formation: 8/25/08. Date Authorized: Avenue, 33rd Fl., NY, NY 10017. 9/3/13. Office location: NY County. upon whom process may be served. filed with the Secretary of State of 7/25/13. Jurisdiction of Organization: Purpose: any lawful activity. LLC formed in Delaware (DE) on DE address of LLC: 1209 Orange St., NY (SSNY) on 10-9-13. SSNY has 9/18/12. SSNY designated as agent Wilmington, DE 19801. Cert. of Delaware. Principal Office: 551 5th been designated as agent upon Notice of Qualification of Brown & of LLC upon whom process against Form. filed with DE Sec. of State, Ave., Ste. 1120, NY NY 10176. SSNY whom process against it may be Brown of Oregon, LLC. Authority it may be served. SSNY shall mail 401 Federal St., Dover, DE 19901. desig. agent of LLC upon whom served. The Post Office address to filed with NY Dept. of State on process to: Capitol Services, Inc., Purpose: all lawful purposes. process may be served. SSNY shall which the SSNY shall mail a copy of 9/11/13. Office location: NY County. mail copy of process to: 551 5th 1218 Central Ave., Ste. 100, Albany, NOTICE OF FORMATION OF LIMITED any process against the LLC served LLC formed in OR on 6/16/64. NY NY 12205. DE address of LLC: 1675 Ave., Ste. 1120, NY NY 10176. upon him/her is: 264 Main Street, Sec. of State designated agent of LIABILITY COMPANY. NAME: 818 Registered Agent: Corporation Trust South State St., Ste. B, Dover, DE BROADWAY LLC. Articles of Rockfall, CT 06481. The principal LLC upon whom process against it 19901. Arts. of Org. filed with DE Co., 1209 Orange St., Wilmington, business address of the LLC is 264 may be served and shall mail Organization were filed with the DE 19801. Officer in jurisdiction of Secy. of State, 401 Federal St., Ste. Secretary of State of New York (SSNY) Main Street, Rockfall, CT 06481. process to: c/o CT Corporation 4, Dover, DE 19901. Purpose: any formation where arts of org are filed: Purpose: Any lawful act or activity. System, 111 8th Ave., NY, NY 10011, on 09/20/05. Office location: New York Delaware Sec. of State, 401 Federal lawful act or activity. County. SSNY has been designated NOTICE OF FORMATION OF AMBRIZ regd. agent upon whom process may St., Dover, DE 19901. Purpose: Any as agent of the LLC upon whom AESTHETIC DESIGN LLC. Arts of Org be served. OR and principal business Hill Top Development LLC, Arts of Org lawful purpose. process against it may be served. filed with Secy of State of NY (SSNY) addr.: 2701 NW Vaughn St., Ste. 340, filed with SSNY on 08/27/13. Off Loc: SSNY shall mail a copy of process to NOTICE OF FORMATION OF Thomas on 9/11/13. Office location: NY County. Portland, OR 97210. Cert. of Org. New York County, SSNY designated the LLC, 13 Bennett Avenue, Spine Consulting. Arts of Org filed SSNY designated agent upon whom filed with OR Sec. of State, 255 as agent of LLC upon whom process Huntington Station, New York 11746. with Secy of State of NY (SSNY) on process may be served and shall Capitol St. NE, Salem, OR 97310. against it may be served. SSNY shall Purpose: For any lawful purpose. 4/9/13. Office location: NY County. mail copy of process against LLC to Purpose: insurance agent/broker. mail a copy of process to: The LLC, 566 7th Ave, Ste. 901, New York, NY SSNY designated as agent upon principal business address: 320 W. Notice of Qualification of BFX West NOTICE OF QUALIFICATION OF ATCO 10018. Purpose: to engage in any whom process may be served and 38TH ST., APT. 2327, NY, NY 10018. 65th Street, LLC. Authority filed with CITY CENTER SPONSOR EQUITY lawful act. shall mail copy of process against Purpose: any lawful act. NY Dept. of State on 9/26/13. Office FUND, L.P. Authority filed with Secy LLC to principal business address: Notice of Qual. of Reef Road Investors location: NY County. Princ. bus. addr.: Notice of Formation of Everett and of State of NY (SSNY) on 7/12/13. 401 E 62nd St, Apt 2B, NY, NY LP, Auth. filed Sec’y of State (SSNY) 5 Penn Plz., 4th Fl., NY, NY 10001. Everett, PLLC. Arts of Org filed with Office location: NY County. LP formed 10065. Purpose: any lawful act. 2/20/13. Office loc.: NY County. LP LLC formed in DE on 9/18/13. NY Sec. the Secy of State of NY (SSNY) on in DE on 5/30/13. SSNY designated org. in DE 2/19/13. SSNY desig. as of State designated agent of LLC 7/3/13. Office location: NY County. as an agent upon whom process may NOTICE OF FORMATION OF JBTMMS, agent of LP upon whom process upon whom process against it may be SSNY designated agent upon who be served and shall mail copy of LLC. Arts of Org filed with Secy of against it may be served. SSNY shall served and shall mail process to: c/o process may be served and shall process against LP to: The Corp. Trust State of NY (SSNY) on 8/13/13. mail copy of proc. to Att: Eric Rosen, CT Corporation System, 111 8th Ave., mail copy of process against LLC to Co. 1209 Orange St., Wilmington, DE Office location: NY County. SSNY 747 Third Ave., 19th Fl., NY, NY NY, NY 10011, regd. agent upon whom principal business address: 452 Fifth 19801. Cert of LP filed with Secy of designated agent upon whom 10017. DE off. addr.: CSC, 2711 process may be served. DE addr. of Ave, 12th Floor, NY, NY 10018. State of DE located: Division of process may be served and shall Centerville Rd., Wilmington, DE LLC: c/o The Corporation Trust Co., Purpose: any lawful act. Corporations, P.O. Box 898, Dover, DE mail copy of process against LLC to: 19808. Cert. of LP on file: SSDE, 1209 Orange St., Wilmington, DE 19903. Purpose: any lawful act. 1186 Beechwood Court, Pittsburgh, Notice of Qualification of Crestview PA 15206. Purpose: any lawful act. Townsend Bldg., Dover, DE 19901. 19801. Cert. of Form. filed with DE Sec. Offshore Holdings III (FF), L.P. Notice of Qualification of SUIT SUPPLY Name/addr. of each gen. ptr. avail. at of State, 401 Federal St., Dover, DE Authority filed with NY Dept. of State B.V. Authority filed with Secy. of State Notice of Qualification of ESRT SSNY. Purp.: any lawful activities. 19901. Purpose: all lawful purposes. on 8/30/13. Office location: NY County. of NY (SSNY) on 08/27/13. Office Cleaning TRS, L.L.C. Authority filed NOTICE OF QUALIFICATION of Notice of Qualification of Wayport, Princ. bus. addr.: 667 Madison Ave., location: NY County. LLC formed in with Secy. of State of NY (SSNY) on Westchase Residential Assets II LLC. LLC. Authority filed with NY Dept. of 10th Fl., NY, NY 10065. LP formed in The Netherlands on 11/29/99. Princ. 09/12/13. Office location: NY County. Authority filed with Secy of State of State on 9/4/13. Office location: NY Cayman Islands (CI) on 5/8/13. NY office of LLC: 453 Broome St., NY, NY LLC formed in Delaware (DE) on NY (SSNY) on 8/22/13. Office loca- County. Princ. bus. addr.: 208 S. Akard Sec. of State designated agent of LP 10013. SSNY designated as agent of 09/06/13. Princ. office of LLC: One tion: NY County. LLC formed in DE St., Rm. 3028, Dallas, TX 75202. LLC upon whom process against it may LLC upon whom process against it Grand Central Pl., 60 E. 42nd St., NY, on 7/3/13. SSNY designated agent formed in DE on 12/31/12. NY Sec. be served and shall mail process to: may be served. SSNY shall mail NY 10165. SSNY designated as agent upon whom process may be served of State designated agent of LLC c/o CT Corporation System, 111 8th process to the LLC at the princ. office of LLC upon whom process against and shall mail copy of process upon whom process against it may Ave., NY, NY 10011. CI addr. of LP: of the LLC. The Netherlands addr. of it may be served. SSNY shall mail against LLC to: 120 Gibraltar Rd, Ste be served and shall mail process to: c/o Maples Corporate Services Ltd., LLC: Joop Geesinkweg 209, 1096AV process to c/o Corporation Service 300, Horsham, PA 19044. Principal c/o CT Corporation System, 111 8th PO Box 309, Ugland House, Grand Amsterdam, The Netherlands. Arts. Co. (CSC), 80 State St., Albany, NY business address: 7077 Bonneval Ave., NY, NY 10011, regd. agent Cayman, KY1-1104, CI. Name/addr. of Org. filed with The Netherlands 12207-2543. DE addr. of LLC: c/o Rd, Ste 430, Jacksonville, FL 32216. upon whom process may be served. of genl. ptr. available from NY Sec. of Chamber of Commerce Commercial CSC, 2711 Centerville Rd., Ste. 400, DE address: 2711 Centerville Rd, Ste DE addr. of LLC: 1209 Orange St., State. Cert. of LP filed with Registrar Register Extract, Comeniusstraat 10, Wilmington, DE 19808. Arts. of Org. 400, Wilmington, DE 19808. Cert. of Wilmington, DE 19801. Cert. of of Exempted LPs, Ground Fl., Citrus P.O. Box 68, 1800 AB Alkmaar, filed with DE Secy. of State, Div. of LLC filed with Secy of State of DE: Form. filed with DE Sec. of State, Grove Bldg., Goring Ave., George Netherlands. Purpose: International Corps., John G. Townsend Bldg., 401 Federal St, Ste 4, Dover, DE 401 Federal St., Dover, DE 19901. Town, Grand Cayman, CI. Purpose: fashion-design company; retailer of 401 Federal St., Ste. 4, Dover, DE 19901. Purpose: any lawful act. Purpose: all lawful purposes. all lawful purposes. high-end men’s clothing. 19901. Purpose: Any lawful activity.

26 | Crain’s New York Business | October 21, 2013 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of Delos Notice of Qualification of SAGABON Notice of Qualification of Tanger Notice of Qualification of Mara NOTICE OF QUALIFICATION of Investment Fund, LP. Authority filed NEW YORK LLC. Authority filed with Manager, LLC. Authority filed with Entertainment LLC. App. for Auth. Harlev Associates LLC. Application with NY Dept. of State on 9/25/13. Secy. of State of NY (SSNY) on NY Dept. of State on 8/19/13. Office filed with Secy. of State of NY (SSNY) for Authority filed with the Secretary Office location: NY County. LP formed 09/17/13. Office location: NY County. location: NY County. LLC formed in on 9/19/13. Office location: NY of State of New York on August 23, in DE on 8/27/13. NY Sec. of State LLC formed in Delaware (DE) on DE on 8/15/13. NY Sec. of State County. LLC formed in Delaware (DE) 2013. Office location: New York designated agent of LP upon whom 08/29/13. SSNY designated as agent designated agent of LLC upon whom on 7/19/13. SSNY designated as County. LLC formed in Virginia on process against it may be served and of LLC upon whom process against it process against it may be served agent of LLC upon whom process June 8, 2013. New York Secretary of shall mail process to: c/o Akin Gump may be served. SSNY shall mail process and shall mail process to: c/o CT against it may be served. SSNY shall State has been designated as an Strauss Hauer & Feld LLP, One Bryant to David B. Newman Esq., Day Pitney Corporation System, 111 8th Ave., mail process to: c/o United agent upon whom process against it Park, NY, NY 10036. DE address of LLP, 7 Times Sq., NY, NY 10036. DE NY, NY 10011, regd. agent upon Corporate Services, Inc., 10 Bank St., may be served. The Post Office LP: c/o The Corporation Trust Co., addr. of LLC: Corporation Service whom process may be served. DE Ste. 560, White Plains, NY 10606. DE address to which the Secretary of 1209 Orange St., Wilmington, DE Co., 2711 Centerville Rd., Ste. 400, address of LLC: 1209 Orange St., address of LLC: 874 Walker Road, State shall mail a copy of any process 19801. Name/address of genl. ptr. Wilmington, DE 19808. Arts. of Org. Wilmington, DE 19801. Cert. of Ste. C, Dover, DE 19904. Arts. of against the LLC served upon him/her available from NY Sec. of State. Cert. filed with Secy. of State of DE, Div. of Form. filed with DE Sec. of State, Org. filed with DE Secy. of State, is: 40 East 78th Street, Unit 5E, New of LP filed with DE Sec. of State, Corps., John G. Townsend Bldg., 401 Federal St., Dover, DE 19901. Townsend Bldg., Dover, DE 19901. York, NY 10028. The principal business Townsend Bldg., Dover, DE 19901. 401 Federal St. - Ste. 4, Dover, DE Purpose: all lawful purposes. Purpose: any lawful activity. address of the LLC is: 40 East 78th Purpose: all lawful purposes. 19901. Purpose: Any lawful activity. Street, New York, NY. Certificate of Notice of Qual. of Reef Road GP LLC, Notice of Formation of Limited Liability Notice of Formation of 199th Debt Name of LP: Strike Capital, L.P. Cert. Auth. filed Sec’y of State (SSNY) LLC filed with the Secretary of State Company (LLC). Name: NY STAYS LLC. of Virginia located at: 1300 E. Main LLC, Art. of Org. filed Sec’y of State filed with NY Dept. of State: 8/26/2013. 2/20/13. Office loc.: NY County. LLC Articles of Organization filed by the (SSNY) 7/12/13. Office location: NY Office loc.: NY Co. Sec. of State org. in DE 2/19/13. SSNY desig. as Street, Richmond, VA 23219. Department of State of New York on: Purpose: any lawful act or activity. County. SSNY designated as agent designated agent of LP upon whom agent of LLC upon whom process 08/21/2013. A Certificate of Amendment of LLC upon whom process against process against it may be served against it may be served. SSNY shall changing the name to: NK STAYS Nederlander Worldwide Theatre it may be served. SSNY shall mail and shall mail process to: c/o mail copy of proc. to Att: Eric Rosen, LLC was filed in: 08/27/2013. Office Management, LLC. Arts. of Org. filed copy of process to Bluestone Group, Business Filings Inc., 187 Wolf Rd., 747 Third Ave., 19th Fl., NY, NY location: County of New York. with Secy. of State of NY (SSNY) on 225 Broadway, 32nd Fl., NY, NY Ste. 101, Albany, NY 12205. 10017. DE off. addr.: CSC, 2711 Purpose: any and all lawful activities. 08/21/13. Off. loc.: NY Co. SSNY 10007. Purpose: any lawful activities. Name/addr. of genl. ptr. available Centerville Rd., Wilmington, DE Secretary of State of New York designated as agent of LLC upon from Sec. of State. Term: until 19808. Cert. of Form. on file: SSDE, NOT. OF FRMN of Hongdao LLC. (SSNY) designated as agent of LLC whom process may be served. SSNY 12/31/2053. Purpose: any lawful act. Townsend Bldg., Dover, DE 19901. upon whom process against it may shall mail process to c/o Robinson Art. of Org. f w/ Secy of STA of NY Purp.: any lawful activities. (SSNY) 08/23/13. OFC LCTN: NY Notice of Formation of P2 DONUT be served. SSNY shall mail a copy of Brog, et al., 875 3rd Ave, 9th Fl., New Cty. SSNY is DA upon whom PROC HOLDINGS LLC. Arts. of Org. filed Notice of Qual. of Reef Road Capital process to: 115 Broadway, Ste 302, York, NY 10022. Purpose: General. AGA it may be served. SSNY shall with Secy. of State of NY (SSNY) on LLC, Auth. filed Sec’y of State (SSNY) New York, NY 10006. ALYSSA KAPITO INTERIORS, LLC, a mail a CY: C/O Hongdao LLC - 1500 03/22/10. Office location: NY County. 2/20/13. Office loc.: NY County. LLC Notice of Formation of OMP JUNIOR domestic LLC, filed with the SSNY on Broadway 22nd Fl, NY, NY 10036. Princ. office of LLC: 135 W. 18th St., org. in DE 9/27/12. SSNY desig. as NOTE, LLC. Arts. of Org. filed with 8/12/13. Office location: New York The Prin. bus. add.:1500 Broadway, 2nd Fl., NY, NY 10011. SSNY agent of LLC upon whom process Secy. of State of NY (SSNY) on County. SSNY is designated as agent 22nd Fl, NY, NY 10036. PUR: any designated as agent of LLC upon against it may be served. SSNY shall 09/23/13. Office location: NY upon whom process against the LLC lawful act or ACTY. whom process against it may be mail copy of proc. to Att: Eric Rosen, County. Princ. office of LLC: 60 may be served. SSNY shall mail served. SSNY shall mail process to 747 Third Ave., 19th Fl., NY, NY process to: The LLC, c/o Tannenholtz Notice of Formation of Limited Liability Columbus Circle, NY, NY 10023. the LLC at the addr. of its princ. 10017. DE off. addr.: CSC, 2711 Consulting, 250 W. 54th St., Ste. 703, Company (LLC). Name: WILLIAM SSNY designated as agent of LLC office. Purpose: Any lawful activity. Centerville Rd., Wilmington, DE upon whom process against it may NY, NY 10019. General Purposes. PORTNOY LLC. Articles of 19808. Cert. of Form. on file: SSDE, Notice of Formation of Maele, LLC. be served. SSNY shall mail process Organization filed by the Department Townsend Bldg., Dover, DE 19901. NOTICE OF FORMATION OF LIMITED Articles of Organization filed with the to Corporation Service Co., 80 State of State of New York on: 08/15/2002. Purp.: any lawful activities. LIABILITY COMPANY. NAME: PIANO I Office location: County of New York. Secretary of State of NY (SSNY) on St., Albany, NY 12207-2543. LLC. Application for Authority was Purpose: any and all lawful activities. 8/06/13. Office location: NY County. Notice of Qualification of Headstrong Purpose: Any lawful activity. filed with the Secretary of State of New Secretary of State of New York SSNY has been designated as agent Services, LLC. Authority filed with Notice of Formation of CA 2952 York (SSNY) on 08/14/13. The LLC (SSNY) designated as agent of LLC of LLC upon whom process against Secy. of State of NY (SSNY) on HOLDINGS LLC. Arts. of Org. filed was originally filed with the Secretary upon whom process against it may it may be served. SSNY shall mail a 6/4/13. Office location: NY County. with Secy. of State of NY (SSNY) on of State of Delaware on 02/08/13. be served. SSNY shall mail a copy of copy of process to: 650 Sixth Avenue, LLC formed in Delaware (DE) on 8/30/13. Office location: NY County. Office location: New York County. SSNY process to: 151 West 17th Street 4H, NY, NY 10011. Purpose: any 7/30/98. SSNY designated as agent SSNY designated as agent of LLC has been designated as agent of the Unit 1G, New York, NY 10011. lawful activities. of LLC upon whom process against upon whom process against it may LLC upon whom process against it it may be served. SSNY shall mail Notice of Formation of ANDREAS be served. SSNY shall mail process may be served. SSNY shall mail a copy Notice of Qual. of Roystone Capital process to: National Registered to: c/o The LLC, 1407 Broadway, of process to the LLC, 45 East 65th Partners LP, Auth. filed Sec’y of State ANASTASIS LLC. Arts. of Org. filed Agents, Inc., 111 Eighth Ave., NY, NY with Secy. of State of NY (SSNY) on 41st Fl., NY, NY 10018. Purpose: any Street, New York, New York 10065. (SSNY) 2/19/13. Office loc.: NY 10011. Address to be maintained in lawful activity. Purpose: For any lawful purpose. County. LP org. in DE 11/16/12. SSNY 05/17/13. Office location: NY County. DE: 160 Greentree Dr., Ste. 101, desig. as agent of LP upon whom SSNY designated as agent of LLC Dover, DE 19904. Arts of Org. filed NOTICE OF FORMATION OF LIMITED NOTICE OF FORMATION of process against it may be served. upon whom process against it may be with the DE Secretary of State, 401 LIABILITY COMPANY. NAME: 25 CPW EXPERTZ LLC. Arts. of Org. filed SSNY shall mail copy of proc. to Att: served. SSNY shall mail process to Federal St., Ste. 4, Dover, DE 19901. 18I LLC. Articles of Organization with Secy. of State of NY (SSNY) on Richard Barrera, 767 Third Ave., 6th Corporation Service Co., 80 State St., Purpose: any lawful activities. were filed with the Secretary of State 09/20/13. Office location: NY County. Fl., NY, NY 10017. DE off. addr.: CSC, Albany, NY 12207, regd. agent upon of New York (SSNY) on 08/23/13. The SSNY designated as agent of LLC whom and at which process may be Notice of Qualification of 666 OCR LL, latest date of dissolution is 12/31/2113. upon whom process against it may 2711 Centerville Rd., Wilmington, DE LLC. Authority filed with Secy. of State 19808. Cert. of LP on file: SSDE, served. Purpose: Any lawful activity. Office location: New York County. be served. SSNY shall mail process of NY (SSNY) on 09/13/13. Office SSNY has been designated as agent to 53 Park Place, Unit 8J, NY, NY Townsend Bldg., Dover, DE 19901. NOTICE OF QUALIFICATION of ISOS location: NY County. LLC formed in Name/addr. of each gen. ptr. avail. at JEWELRY LLC. Authority filed with of the LLC upon whom process 10007. Purpose: Any lawful act. Delaware (DE) on 08/12/13. Princ. against it may be served. SSNY shall SSNY. Purp.: any lawful activities. Secy of State of NY (SSNY) on 8/9/13. office of LLC: 280 Park Ave., 36W, NY, Notice of Formation of Interjewel Office location: NY County. LLC mail a copy of process to the LLC, Realty LLC, Art. of Org. filed Sec’y of Notice of Formation of CSC 135 EAST NY 10017. SSNY designated as agent 511 East 78th Street, #1G, New York, 57TH STREET LLC. Arts. of Org. filed formed in NJ on 3/17/13. SSNY of LLC upon whom process against it State (SSNY) 11/18/10. Office location: designated agent upon whom process New York 10021. Purpose: For any NY County. SSNY designated as with Secy. of State of NY (SSNY) on may be served. SSNY shall mail lawful purpose. 09/25/13. Office location: NY County. may be served and shall mail copy of process to c/o Corporation Service Co., agent of LLC upon whom process Princ. office of LLC: c/o Cohen process against LLC to principal 80 State St., Albany, NY 12207-2543. NOTICE OF FORMATION OF Celtic against it may be served. SSNY shall Brothers Realty Corporation, 750 business address: 3 Preservation DE addr. of LLC: 2711 Centerville Knot Advisors LLC. Arts of Org filed mail copy of process to c/o Law Lexington Ave., 28th Fl., NY, NY 10022. Place, Princeton, NJ 08540. Cert of Rd., Ste. 400, Wilmington, DE 19808. with Secy of State of NY (SSNY) on Offices of Mitchell Devack, 90 Merrick SSNY designated as agent of LLC LLC filed with Secy of State of NJ Arts. of Org. filed with Secy. of State 8/5/13. Office location: NY County. Ave., Ste. 500, E. Meadow, NY upon whom process against it may be located: 33 West State St, Trenton, of DE, 401 Federal St., Dover, DE SSNY designated as agent upon 11554. Purpose: any lawful activities. served. SSNY shall mail process to NJ 08608. Purpose: any lawful act. 19901. Purpose: Any lawful activity. whom process may be served and Notice of Formation of On the Way Charles S. Cohen at the princ. office of Formation of LONG TERM CARE Notice of Qual. of Arden Advisers II, shall mail copy of process against to Brooklyn, LLC. Arts. of Org. filed the LLC. Purpose: Any lawful activity. CONVERSION FUNDING, LLC filed L.P., Auth. filed Sec’y of State (SSNY) LLC to principal business address: with Secy. of State of NY (SSNY) on with the Secy. of State (SSNY) on 2/20/13. Office loc.: NY County. LP 262 Central Park West, Ste 5D, NY, 9/18/13. Office location: NY County. Notice of Qualification of DAVID NY 10024. Purpose: any lawful act. YURMAN HOLDINGS LLC. Authority 12/28/12. Office loc.: New York org. in DE 2/13/13. SSNY desig. as SSNY designated as agent of LLC filed with Secy. of State of NY (SSNY) County. SSNY designated as agent of agent of LP upon whom process Notice of Qual. of Roystone Capital upon whom process against it may on 09/12/13. Office location: NY LLC upon whom process against it against it may be served. SSNY shall Advisors LLC, Auth. filed Sec’y of be served. SSNY shall mail process County. LLC formed in Delaware (DE) may be served. The principal business mail copy of proc. to Att: Averell State (SSNY) 2/19/13. Office loc.: NY to: The LLC, c/o Gilbride, Tusa, Last on 02/17/12. SSNY designated as loc. and address SSNY shall mail Mortimer, 375 Park Ave., 32nd Fl., County. LLC org. in DE 11/16/12. & Spellane LLC, 708 Third Ave., 26th agent of LLC upon whom process process to is 712 5th Ave., 12th Fl., NY, NY 10152. DE off. addr.: CSC, SSNY desig. as agent of LLC upon Fl., NY, NY 10017. Purpose: any against it may be served. SSNY shall New York, NY 10019. Purpose: Any 2711 Centerville Rd., Wilmington, DE whom process against it may be lawful activity. mail process to c/o Corporation lawful activity. 19808. Cert. of LP on file: SSDE, served. SSNY shall mail copy of proc. WEBSTER BUILDING E MANAGERS Service Co., 80 State St., Albany, NY Notice of formation of 2530 FOSTER Townsend Bldg., Dover, DE 19901. to Att: Richard Barrera, 767 Third Ave., LLC, a domestic LLC, filed with the 12207-2543. DE addr. of LLC: 2711 PARTNERS LLC Arts. of Org. filed Name/addr. of each gen. ptr. avail. at 6th Fl., NY, NY 10017. DE off. addr.: SSNY on 9/17/13. Office location: Centerville Rd., Ste. 400, Wilmington, DE with the Sect’y of State of NY (SSNY) SSNY. Purp.: any lawful activities. CSC, 2711 Centerville Rd., Wilmington, New York County. SSNY is designated 19808. Arts. of Org. filed with Secy. on 7/31/2013. Office location, County Notice of Qualification of IH3 PROP- DE 19808. Cert. of Form. on file: as agent upon whom process of State, 401 Federal St., Dover, DE of New York. SSNY has been ERTY ILLINOIS, L.P. Authority filed SSDE, Townsend Bldg., Dover, DE against the LLC may be served. 19901. Purpose: Any lawful activity. designated as agent of the LLC upon with Secy. of State of NY (SSNY) on 19901. Purp.: any lawful activities. SSNY shall mail process to: The NOTICE OF AUTHORIZATION OF whom process against it may be 08/28/13. Office location: NY County. Notice of Qualification of Babson LLC, 40 Fulton St., 21st Fl., NY, NY FOREIGN LLC. Name: Iguana served. SSNY shall mail process to: LP formed in Delaware (DE) on Capital Finance LLC. Authority filed 10036. General Purposes. Healthcare Management, LLC. Date The LLC, 171 West 80th St., #1, NY 08/08/13. Princ. office of LP: 345 Park with NY Dept. of State on 9/12/13. Notice of Qualification of Hayden of formation: 7/10/09. Date Authorized: NY 10024. Purpose: any lawful act. Ave., NY, NY 10154. SSNY designated Office location: NY County. Princ. Asset V, LLC. App. for Auth. filed with 7/25/13. Jurisdiction of Organization: MARVEL ARCHITECTS PLLC filed as agent of LP upon whom process bus. addr.: 1500 Main St., Ste. 2800, Secy. of State of NY (SSNY) on 9/3/13. Delaware. Principal Office: 551 5th Articles of Organization with the against it may be served. SSNY shall Springfield, MA 01115. LLC formed Office location: NY County. LLC Ave., Ste. 1120, NY, NY 10176. SSNY Department of State of NY on mail process to Corporation Service in DE on 12/12/12. NY Sec. of State formed in Delaware (DE) on 9/18/12. desig. agent of LLC upon whom 7/11/2013. Office Location: County Co. (CSC), 80 State St., Albany, NY designated agent of LLC upon whom SSNY designated as agent of LLC process may be served. SSNY shall of New York. The Secretary of State 12207-2543. Name and addr. of each process against it may be served upon whom process against it may be mail copy of process to: 551 5th Ave., of NY (“SSNY”) has been designated general partner are available from and shall mail process to: c/o CT served. SSNY shall mail process to: Ste. 1120, NY, NY 10176. Registered as agent of the PLLC upon whom SSNY. DE addr. of LP: c/o CSC, 2711 Corporation System, 111 8th Ave., NY, Capitol Services, Inc., 1218 Central Agent: Corporation Trust Co., 1209 process against it may be served. Centerville Rd., Ste. 400, Wilmington, NY 10011, regd. agent upon whom Ave., Ste. 100, Albany, NY 12205. DE Orange St., Wilmington, DE 19801. SSNY shall mail a copy of any such DE 19808. Arts. of Org. filed with process may be served. DE addr. of address of LLC: 1675 South State Officer in jurisdiction of formation process served to: c/o Goetz State of DE, Dept. of State, Div. of LLC: 1209 Orange St., Wilmington, DE St., Ste. B, Dover, DE 19901. Arts. of where arts of org are filed: Delaware Fitzpatrick LLP, One Penn Plaza, Corps., John G. Townsend Bldg., 19801. Cert. of Form. filed with DE Sec. Org. filed with DE Secy. of State, 401 Sec. of State, 401 Federal St., Dover, DE # 4401, NY, NY 10119. Purpose: to 401 Federal St., Ste. 4, Dover, DE of State, 401 Federal St., Dover, DE Federal St., Ste. 4, Dover, DE 19901. 19901. Purpose: Any lawful purpose. practice architecture. 19901. Purpose: Any lawful activity. 19901. Purpose: all lawful purposes. Purpose: any lawful act or activity.

October 21, 2013 | Crain’s New York Business | 27 IN THE BOROUGHS STATEN ISLAND Waterfront project’s jobs flap Continued from Page 3 “What we have here is a stark of investing on Staten Island’s to an Oct. 2 statement in which she contrast between one project doing North Shore, Mr. Capoccia cited emphasized local hiring. In it, she and saying the right things and an- the area’s high unemployment and characterized the negotiations as other that is not,” said a Trades emphasized that his project would “complex and sensitive” and stated Council spokesman. “The New generate 1,200 construction jobs that she intends to “ensure that Is- York Wheel has taken all the steps and 1,000 permanent jobs. For the landers get the best deal possible,” to provide the right kind of jobs and unions,the number of jobs is not the one that would require “jobs to come training, while Empire Outlets has point,but rather the quality of those to Staten Island for Staten Is- said that they are willing to make jobs and who will get them. landers—pre-, during, and post- about 12% of just the infrastructure “We’re not going to do a project- architects shop construction.” phase union-[built].” labor agreement on less than 15% of AN OUTLET MALL would not be built entirely with union labor, unlike the proposed Ferris wheel The union group contends that just the first phase,” cautioned the nearby, because the higher cost would make the project uneconomical, the mall developer says. ‘Stark contrast’ because the 16-acre projects would Trades Council representative, re- Local hiring cannot be guaran- use city land, it is an ethical necessi- ferring to a site-specific collective- teed as part of the city’s approval,but ty for the Empire Outlets developer bargaining agreement for the initial there is an opportunity to involve It is not uncommon for council there are programs that would facil- to offer more union jobs, replete stage of work.“We also need the sec- the trade unions in the project, and deals to be reached in the eleventh itate it. Ms. Rose could also be with health coverage and job ond phase to be full of good, union we have offered a PLA with a value hour, but if Ms. Rose sides against swayed by an argument that union- training. jobs.” of $25 million to $30 million.” the projects,it is conceivable that her only construction would limit local “We understand that an inclu- According to Mr.Capoccia,such The upscale mall would draw 4 colleagues could approve them any- hiring because union tradespeople sive job plan with organized labor is demands are unworkable given the million visitors annually and com- way, as they are said to have broad tend to live beyond Staten Island. important,” said Donald Capoccia, finances of his $260 million devel- pete with Woodbury Common Pre- support.While the council is histor- For Ms. Rose to sign off, she will owner of BFC Partners, “and I opment. mium Outlets in Orange County, ically union-friendly,it might not be likely need concessions from BFC pledge that every effort will be made N.Y., which draws city tourists by inclined to pass up the biggest rede- and the Trades Council.The current to ensure these work opportunities 4M visitors expected the busload.The Ferris wheel would velopment of the St. George water- tone, however, is not promising. It be offered to Staten Islanders—be it “The project economics simply draw from the ferry’s annual rider- front since the 1884 completion of doesn’t help BFC that the wheel through organized labor, local sub- do not allow for a PLA that would ship of 2 million, including many the Staten Island Ferry terminal. next door would be built entirely by contractors or direct hiring.” cover 100% of the construction- tourists who don’t currently venture Mr.Capoccia’s 1 million-square- union workers. Noting his more than eight years trade work,” he said. “However, into the neighborhood. The Ferris foot project, which also includes wheel would open in 2016 and the parking garages and a 200-unit ho- outlets a year later. tel, was paired with the Ferris wheel because the city’s Economic Devel- Development at risk opment Corp.views the two as com- The danger for Ms.Rose in play- plementary. ing hardball is the risk of losing what “As symbiotic components of a would be Staten Island’s most sig- single transformative project, the nificant development in decades. New York Wheel and Empire Out- Combined, the projects represent lets will bring hundreds of millions $580 million in private investment. of dollars of investment and thou- In 2006, citing traffic concerns, sands of much-needed jobs to Stat- Staten Island politicians rejected a en Island,” an EDC spokeswoman $350 million NASCAR racetrack said. “Together, the wheel and out- proposal. If the council does not ap- lets will draw visitors and New prove the wheel and mall projects in Yorkers alike to experience the vi- the next two weeks,city rules require brant cultural and community ener- developers to start from scratch, gy already present on the St.George which could take years. waterfront.” Ⅲ

stepped up to make the 13,000- FROM square-foot open area a safe, clean AROUND and educational gathering space for the neighborhood, which is one of THE CITY the most diverse in the city, accord- ing to U.S. Census data. QUEENS “People are just pinching them- selves,” said Queens Museum Di- Corona Plaza rector Tom Finkelpearl.“One of the set for growth questions with the plaza program:Is it designed only for affluent neigh- Corona residents have a reason to borhoods? But Corona Plaza really celebrate: Their beloved 103rd proves it can work everywhere.” Street plaza is here to stay. The Mr. Finkelpearl helped organize plaza, which marked its first an- the design competition for the niversary in August, will enter the plaza, which in the second phase second phase of development, com- successfully incorporates residents’ pleting the $4.1 million project that desires, including more seating, bi- is part of the New York City Plaza cycle racks, a stage and green areas. Program through the Department The QEDC signed on to be the of Transportation. ongoing maintenance partner,secur- Community stalwarts such as the ing the $60,000-a-year upkeep Queens Museum and the Queens budget through grants from New Economic Development Corp.have York Community Bank and City Council member Julissa Ferreras. “Everyone wanted to make the plaza a new destination,” said QEDC neighborhood develop- ment director Ricardi Calixte, who is overseeing the Corona project. Construction on the second phase is scheduled to begin in 2015 after the design wins the approval of

ricardi calixte the New York City Design Commis- PLAZA SWEET: The 103rd Street space has sion and the local community board. become a focal point for Corona residents. —laura lorenzetti

28 | Crain’s New York Business | October 21, 2013 FOR THE RECORD

New York City Ballet Inc., owed check made out to NYCHA Finance Street. The tenant was represented by $1,600,000; the City Center of Music Department. To make inquiries, contact Alan Cooperman of Welco Realty and ABOUT THIS SECTION and Drama, owed $792,577.94; and Erneste Pierre-Louis at (212) 306-3609 Jason Pruger of Newmark Grubb FOR THE RECORD is a weekly listing of information from the public record that Local 802 Pension, owed $300,000. or [email protected]. Knight Frank. The landlord, Jack can help businesspeople in the New York area find opportunities, potential Resnick & Sons, was represented in- ● School Construction Authority house by Dennis Brady and Brett new clients and updates on competitors. GOVERNMENT CONTRACT Seeks competitive sealed bids by 11:30 Greenberg. The asking rent ranged from To ask questions or get more information on this section, contact Crain’s OPPORTUNITIES a.m. on Oct. 30 for secondary $200 to $250 per square foot. research department at [email protected]. reprographics services. To make Following are selected contract inquiries or to obtain bid documents, opportunities recently announced by New contact Rookmin Singh at STOCK TRANSACTIONS The luxury designer opened a store in York City agencies.To learn how to sell (718) 752-5843 or [email protected]. NEW IN TOWN SoHo. It is the second location for the goods and services to city government, visit Following are recent insider transactions at brand, which also has a shop on the www.nyc.gov/selltonyc. For a searchable New York’s largest publicly held companies Companies that would like to have details Upper East Side, at 822 Madison Ave. database of current procurement notices, REAL ESTATE DEALS filed with the Securities and Exchange of openings published should submit visit www.nyc.gov/cityrecord. Listings are Commission by executives and major descriptions following this format to ● Shake Shack alphabetical by category and department. Companies that would like to have details of shareholders. Listings are in order of [email protected], with 87 E. 42nd St., Manhattan their recent transactions appear in transaction value.The information was “New in Town” in the subject line. The burger shop opened in Grand CONSTRUCTION SERVICES these listings should email descriptions obtained from Thomson Reuters. Central Terminal. It is the ninth New ● Department of Design and Construction following this format to NDholakia ● Norman’s Cay York City location for the chain. Seeks competitive sealed bids by 2 p.m. @crainsnewyork.com, with “Real estate ● Bed Bath & Beyond Inc. (BBBY) 74 Orchard St., Manhattan on Oct. 28 for roof replacement at the transaction” in the subject line, or enter them Steven H.Temares, chief executive and The Caribbean-style seafood restaurant Greater Ridgewood Historical Society online at crainsnewyork.com/ submitadeal. director, exercised options on 100,129 opened on the Lower East Side. BANKRUPTCIES in Queens. Bid documents can be Deals are listed in order of square footage. shares of common stock at $41.35 downloaded at www.nyc.gov/buildnyc or between Oct. 1 and Oct. 4, in a ● Park Luncheonette The following listings are selected from the are available in hard copy for a $35 COMMERCIAL transaction worth $4,139,834. During the 334 Driggs Ave., Brooklyn most recent available filings by companies deposit, payable only by money order or ● Asian Century Quest Capital renewed same period, he sold 100,129 shares of The restaurant reopened in Greenpoint. seeking bankruptcy protection in the company check. To make inquiries, its lease for 11,000 square feet at 152 W. common stock at prices ranging from The famed location is open 24 hours, Southern and Eastern Districts of New contact Ben Perrone at (718) 391-2200. 57th St. The investment advisory firm $77.92 to $78.06, in a transaction worth and is equipped with a full bar. York. Information was obtained from U.S. will remain in its sixth-floor space. The $7,814,345. He now indirectly holds Bankruptcy Court records available on GOODS AND SERVICES tenant was represented by Ben Friedman 599,676 shares. Public Access to Court Electronic Records. ● Housing Authority of CBRE Group Inc. The landlord, TF COMPANY MOVES Listings are in alphabetical order. Seeks competitive sealed bids starting at Cornerstone, was represented by ● Regeneron Pharmaceuticals Inc. (REGN) 10 a.m. on Oct. 31 for plaster restoration Matthew Leon of Newmark Grubb Leonard S. Schleifer, M.D., president and Companies that would like to have details ● New York City Opera Inc. and maintenance painting of apartments Knight Frank. The asking rent was $70 chief executive, exercised options on of recent moves published should submit 75 Broad St., Manhattan in developments citywide. Bid per square foot. 29,276 shares of common stock at descriptions following this format to Filed for Chapter 11 bankruptcy documents can be downloaded at $111.01 on Oct. 1, in a transaction worth [email protected], with protection on Oct. 3. The filing cites www.nyc.gov/html/nycha/html/business RETAIL $3,249,929. On Oct. 2, he sold 9,162 “Company Moves” in the subject line. estimated liabilities of $1,000,001 to $10 /business.shtml or obtained in hard copy ● Fairway signed a lease for 52,200 shares of common stock at prices ranging million and estimated assets of at the department, 90 Church St., sixth square feet at 225 Greenwich St. The from $312.44 to $317.34, in a transaction ● Proenza Schouler $1,000,001 to $10 million. The creditors floor, for a $25 nonrefundable fee grocery chain will open its sixth location worth $2,875,253. He now directly holds 121 Greene St., Manhattan with the largest unsecured claims are payable only by money order or certified in Manhattan, and its first below 14th 47,705 shares. Ⅲ

Join Crain’s New York Business and the Partnership for New York City for a half day conference to hear what’s ahead for the city’s key industries and what ideas and concerns business leaders have about the economic and fiscal issues facing the new mayor and incoming city government.

DATE: Wednesday, November 20, 2013 LOCATION: Sheraton New York Times Square TIME: 8:00 a.m. – 1:30 p.m. COST TO ATTEND: $349 for individual tickets(s). / $3,490 for table(s) of 10. EVENT JOURNAL OPPORTUNITY: $5,000 for a table of 10 and a full page ad in the event journal. You must be pre-registered to attend this event. No refunds permitted.

For more information, contact Alexis Sinclair at 212-210-0739 or [email protected]. REGISTER TODAY: www.crainsnewyork.com/events-future2013

CONFIRMED SPEAKERS: PLENARY DISCUSSION: Jeff Bewkes, Chairman & CEO, Time Warner Inc. SEEKING COMMON GROUND Bettina Damiani, Project Director, Good Jobs New York Leaders from the New York business community discuss areas of agreement among business, labor and civic groups. Thelma Golden, Director and Chief Curator, Studio Museum of Harlem BREAKOUT SESSIONS: Barry M. Gosin, Chief Executive Officer, Newmark Grubb Knight Frank A NEW STRATEGY FOR GROWTH Carol Kellermann, President, Citizens Budget Commission What are the new approaches to strengthening the city’s economy and tackling vexing problems like the loss of Andrew Kimball, Director of Innovation Economy Initiatives, JAMESTOWN Properties middle-class jobs and the growing inequality gap? Honorable Brad Lander, Member, Council of the City of New York THE FISCAL CLIFF The new mayor faces challenges in negotiating new labor agreements with no budget reserves and a debt load that Steve Malanga, Manhattan Institute Senior Fellow, City Journal Senior Editor doubled to $100 billion in the Bloomberg era. Panelists talk about the issues and discuss what must be done. William L. McComb, Chief Executive Officer, Fifth & Pacific Companies, Inc. Carol O’Cleireacain, Former New York City Commissioner and Budget Director CLOSING SESSION: Jon Oringer, CEO, Shutterstock SECTORS OF THE FUTURE Business leaders of the city’s most promising sectors will discuss why New Yorkers can count on their industry, and Charles E. Phillips, Jr., Chief Executive Officer, Infor what the city can do to help them continue to grow. Industry leaders will have eight minutes in a fast-paced look at Seth Pinsky, Executive Vice President & Investment Manager, RXR Realty LLC the city’s prospects. Douglas C. Steiner, Chairman, Steiner Studios Marc Tessier-Lavigne, President, The Rockefeller University CO-HOSTED BY: PRESENTING SPONSORS: CITY SUPPORTERS: Mary Ann Tighe, CEO, New York Tri-State Region, CBRE, Inc. Additional speakers to be confirmed. For event information, visit: www.crainsnewyork.com/events-future2013 For sponsorship information, contact Lauren Black at 212-210-0736 or [email protected].

October 21, 2013 | Crain’s New York Business | 29 SANDY: 1 YEAR LATER What if it happened this year?

Continued from Page 1 the city has requested will not go far Set back from the shoreline, a for nearly a week and sparked a pub- enough. few 100-foot-long warrens of sand- lic debate about better preparing Con Ed is petitioning regulators filled geotextile bags have been built New York City for rising sea levels for a rate increase to help recoup its to reinforce the badly damaged and erratic weather. Sandy-related costs and also to pay Rockaway dunes. The bags’ perme- If another Sandy were to swamp for more traditional maintenance able, synthetic fabric drains flood- New York tomorrow, would we fare and improvements, not to mention waters, giving the dunes a hardened WATER PRESSURE: To protect any better? competitive shareholder returns.It’s core that will eventually weigh a to- the shore, the Army Corps of That East 14th Street substation clear that the cost of storm-proofing tal of 50 million pounds and offer Engineers will build deeper provides some answers. A year later, the city is higher than anyone wants protection from Beach 50th to beaches, but in the Rockaways (below left), 2.9 million cubic it has been turned into a flood-proof to pay. Beach 149th streets. yards of sand still must be fortress. Con Ed built a concrete One improvement that many Behind the reinforced dunes, a replaced. wall 18 feet above sea level around people would like to see is the mov- 1.3-mile-long barricade of concrete the substation,and a few feet behind ing of power lines underground so that, there’s a new 16-foot-high they can’t be knocked down by wall. In between, sump pumps have falling trees. Doing that for Con been installed to suck water out of Ed’s 35,000 miles’ worth of lines the moat. Movable metal walls, would cost about $60 billion, and many built at a Con Ed factory in Mr. Schimmenti said homeowners the Bronx, have been added to pro- would also have to shell out up to tect entrances. $10,000 each to route wires under- The big circuit breaker that failed ground into their residences. Faced during the storm and set off the flash with those realities, Con Ed cur- has been elevated about three feet rently plans to bury just 30 miles of above the ground. Oil-powered wires. pumps, to be deployed when elec- The utility believes that its de- tricity fails, have their own power fenses at the 14th Street substation supply: nitrogen tanks that can send are strong enough to keep the pow- sufficient pressure to keep the er flowing even during something SUBWAY DELAYS: pumps moving. close to a Category 2 hurricane. walls has been built between Beach Lower Manhattan “You need to have many layers of Such a storm would be significantly 126th and Beach 149th streets. alone has 540 entry defense,” said Vic Faster, a Con Ed stronger than Sandy, which had These “baffle walls” sit on 22-foot- points for water that area manager in charge of 11 Man- weakened by the time it reached long steel pilings that plunge an av- need sealing. hattan substations. “That’s what we New York and wasn’t formally erage of four feet below the ground Innovations like inflatable plugs are have now.” classified as a hurricane. The surge in order to prevent any influx of sand still being tested. All told, the electrical utility is was the result of a full-moon high into the streets of the Rockaways spending $240 million to strength- tide and fierce winds. But if some- from a future storm surge. en 13 substations in low-lying areas, thing stronger blows through, all Offshore, breakwaters will nine of which were damaged by bets are off. be built in Great Kills harbor to Sandy. “If a Category 3 comes along,” protect the eastern shore of Con Ed is also spending $200 Mr. Faster said, “we’d have to bear Staten Island. These long million to move miles’ worth of down.” mounds of reinforced materials power lines underground and $100 —aaron elstein built in staggered parallel for- million to install “isolation switch- Jen Geller contributed to this article. mations underwater are de- es,” which shrink the size of electri- signed to weaken the strength of cal networks so power doesn’t have COASTAL DEFENSE surf kicked up by storms. A de- to be shut off across an entire neigh- sign is due at the end of the year; borhood when there’s a chance of a year after Sandy,engineering if approved, the walls would be flood.This year,13 isolation switch- eyes have turned toward completed in about four. es have been built in Brooklyn’s Atamping the swell of ocean Phase two of the plan to pro- Brighton Beach, and eventually 70 waves that surged over city beaches, tect the city from storm surges will be installed in Manhattan. obliterating outer-borough board- will eventually include many of Other projects include retro- walks, deluging the streets and the same concepts but will shift fitting or acquiring new equipment drowning dozens of New Yorkers. focus to some lower-priority ar- that is submersible and better The city has 520 miles of water- eas,such as portions of the north protecting electric- and steam- front. Forty-three miles represent- Bronx exposed to Long Island production facilities against major ing parts of Staten Island, southern Sound, where engineers will in- storms. Some of Con Ed’s endeav- Brooklyn and Queens, and lower stall offshore breakwaters. for all of them. storm-ravaged Rockaways in ors are expected to take three years. Manhattan are considered to be at The second phase will also in- In April, Gov. Andrew Cuomo Queens at the cost of $650 million. In all, the utility says it expects to high risk of tidal flooding, with new clude more long-term projects, one announced a long-term plan to Sandy had wiped out almost 1,500 spend about $1 billion to protect FEMA maps doubling the number example being Seaport City, a pro- flood-proof the entire subway sys- feet of track connecting the Rock- against the next Sandy, with costs of structures in flood zones to posal made by Mayor Michael tem. That would mean moving vul- aways to the mainland. split between the city and West- 67,000. Bloomberg that would mix private nerable equipment to higher ground And there could be more clo- chester County. That’s a hefty tab These most vulnerable areas are development with a new levee sys- and designing better ways to protect sures ahead. In June, the agency for a utility that says it has already the focal point of the city’s initial ef- tem to protect lower Manhattan. low-lying stations. Other innova- shut down the R train’s Montague spent $550 million in Sandy-related forts, outlined in a comprehensive —thornton mcenery tive designs, like 14-foot-wide in- tube between Brooklyn and Man- response and repair costs.Added to- report issued in June, to strengthen flatable plugs, are still being tested hattan for 14 months. Extended gether, all the costs are equal to New York’s first line of defense by TRANSIT but are not expected to be cure-alls. weekend closures of the Green- about half the company’s annual building offshore breakwater infra- Meanwhile,a few temporary and point tube under Newtown Creek cash flow from operations. structure, deepening beaches, and he city’s transit system took a permanent barriers have been set up are also expected. “We are aiming to be the indus- strengthening the shore’s ability to $5 billion hit during Super- outside the Brooklyn-Battery and “We learned the hard way what try standard in preparedness when it repel and drain water. Tstorm Sandy. A year later, Queens-Midtown tunnels. And the areas are most vulnerable,” a comes to these storms,” said Bob A year later, what little has tak- cross-river car tunnels and train MTA is mulling ways to protect its spokesman said. “It’s still going to Schimmenti, Con Ed’s vice presi- en place can be seen in the Rock- tubes have little more than sandbags waterside rail yards in Manhattan, take several years to repair all the dent of planning and engineering. aways, where the Army Corps of and plywood barriers available to Queens and Long Island. damage from Sandy.” Now the question facing the util- Engineers is replacing the 1.5 mil- protect them. Though most service was re- Much of the resiliency work de- ity and its 3 million customers,near- lion cubic yards of sand lost along A system that is mainly under- stored within days after the storm,it pends on $4 billion in uncommitted ly half of whom lost power after the peninsula with 3.5 million cu- ground and underwater poses took six months for the MTA to re- federal funding, but the agency will Sandy, is how to pay for the repairs. bic yards. Deeper beaches are in- enormous flood-proofing chal- open the South Ferry station in low- need to compete with other transit It’s a question being asked at all lev- tended to brunt a storm surge. The lenges. There are 540 possible en- er Manhattan, after floodwater systems affected by Sandy for the els of government and throughout beach project is supposed to be try points for floodwater in lower completely destroyed the newly ren- cash. the private sector about our most completed by the end of the year, Manhattan alone. And Metropoli- ovated, $500 million hub. A month Bill Henderson, executive direc- important pieces of infrastructure, but so far only 600,000 cubic yards tan Transportation Authority offi- later, the agency announced the tor of the Permanent Citizens Ad- especially since the $50 billion in aid have been filled in. cials are devising permanent covers restoration of A-train service to the visory Committee to the MTA,

30 | Crain’s New York Business | October 21, 2013 CAN YOU HEAR ME NOW? life for its phone and FiOS connec- Antennas that went dead tions. during the storm now have backup power. AT&T would “Our ability to recover [from a roll out mobile charging disaster] will be much quicker stations when another hits. through a combination of fiber- optic cable and wireless service than if you were to try to put copper back together,” he said. —matthew flamm FUEL mages of fuel-can-toting New Yorkers and cars queuing out- Iside shuttered gas stations re- flected the storm’s broad reach. An essential resource suddenly became scarce. Panic and hoarding ensued. Police were called in to keep order at the pumps. That scenario would likely play out again if another Sandy hit to- flicted region by Nov.3—six days af- morrow. In the past year, little has ter the storm. been done to address the vulnerabil- Time Warner Cable was hit es- ities in the region’s gasoline infra- pecially hard by the fuel shortage structure. that hobbled the region. The com- Of New York’s 56 waterside fuel pany says it has improved its ability terminals,only two or three have se- VITAL SIGNS: to keep trucks on the road to repair riously fortified their infrastruc- Hospitals plan to damaged cable lines. ture—such as lifting diesel tanks to waterproof backup generators. In the “We now have two national fuel higher ground—to better protect meantime, temporary contracts with distributors on the equipment from flooding. A bill floodgates will protect East and West coasts, so we’re re- passed in Albany to require gas sta- buildings. liant on multiple vendors rather tions a quarter-mile from evacua- GAS LINES: Of 56 waterside fuel terminals than just one,” said Chief Security tion routes to have emergency gen- in the city, only a few Officer Brian Allen. erators on hand, so they can have protected their Verizon Communications has continue to pump during a black- pumps. had the most work to do to restore out, won’t go into effect until mid- its landline, cable and Internet serv- 2014. And a plan to build a strategic ice. A year ago, sandbags and ply- reserve of fuel has been scaled back wood failed to keep seawater from from its initial scope. filling the basements of its West “There have been no big berms Street and Broad Street central of- or seawalls built around any of these fices. Since then, the company has terminals,” said Robert Sinclair, a partnered with Dutch engineering spokesman for New York AAA. firm Arcadis to create more sophis- “We’re just as vulnerable” as before ticated barriers that can be put in Sandy. place in an emergency. Several major terminals, such as “What we learned from Sandy is Metro Fuel Oil in Brooklyn, Moti- how water behaved and how it va in Newark and Brooklyn,and In- picked up velocity,” said Chris Lev- wood on Long Island, experienced newscom endos, executive director of nation- severe flooding during the storm. give the hospital an independent projects while regulators drafted al operations at Verizon. “This will Most were shut down because of power source. New electrical service new building codes for construction be a more formidable barrier, and it power failures.The decision to close will be on the roof.The plant will be and major renovations in flood can be set up in a day.” the city’s harbor drastically reduced ready for emergency use by 2015 zones. Some codes that would re- The company had its West Street the supply of fuel to the region. and fully completed in 2016. quire a regulatory change, such as office’s diesel generator on the 10th Many fuel companies say they praised the agency for its recovery In the meantime,NYU Langone building to a 500-year flood-crest floor, but its fuel tank and pumping are unable to build the protections efforts.“But obviously there’s a lot of says it is prepared to deploy “tiger level, have not yet been adopted. system were five stories below necessary to fend off another storm work that still needs to be done,” he dams”—easily activated flood barri- —barbara benson ground—an area that has now been without financial assistance from said. ers that can seal off a building’s turned into what Mr. Levendos de- the federal government. —andrew j. hawkins perimeter. TELECOM scribed as “a submarine.” Meanwhile,the state is mulling a The storm forced hospitals to re- “You would open a submarine- $10 million strategic reserve that HEALTH CARE engineer multibillion-dollar devel- andy knocked out power to like door to get in there,” he said, could provide at least three days’ opment plans to withstand a 500- cellphone antennas, blew adding that even if the floors above worth of gasoline in the event of an- andy severely damaged NYU rather than 100-year flood.The dif- Sdown telephone and cable the pumping system were flooded, other storm.But competing propos- Langone Medical Center, ference is about one foot. lines, and drowned miles of copper “we could keep the building going.” als from the federal government, SNew York Harbor Healthcare NYU Langone went further. It telephone wire underground. The biggest changes to Verizon’s and a lack of funding, may force System’s Manhattan facility, Belle- had designed its new buildings to Another storm may again over- infrastructure have been made un- state officials to scale back their ini- vue Hospital Center and Coney Is- survive 9.25 feet of floodwater. Af- whelm New York’s telecommunica- derground around Broad Street. tial plans, sources say. land Hospital Center. Six nursing ter Sandy, that was increased to tions infrastructure. But it will have More than 300,000 pounds of cop- Mr. Bloomberg has proposed homes closed. 14.35 feet in keeping with new to work harder to do so. per wire were replaced with fiber- working with Buckeye Partners, Repairs have been made with the FEMA guidelines,plus another two AT&T has added mobile gener- optic cable. Fiber can carry high- which operates one of the region’s storm in mind. City hospitals re- feet to fend off wave action during a ators and more than 700 “quick- speed broadband, is easily repaired key pipelines, to build booster sta- placed damaged heating and air- storm. The hospital made specific connect plug-ins” that can power and immune to seawater. tions that would help pump fuel conditioning units with systems de- changes:Windows at the new emer- cellphone-antenna sites and keep But unlike copper phone lines, through its pipeline should part of signed for outdoor use. gency department will be smaller,so them juiced after backup batteries which can operate during a blackout the system get damaged. Hospitals are working to secure that reinforced walls beneath them have run down. The wireless com- as long as the central office is sup- And both city and state officials backup fuel and power supplies, and can be much higher.And a floodgate pany has also been running a pilot plying power,fiber requires electric- have vowed to explore more options rethink their electrical systems. will be permanently installed at the program in New York for solar- ity at the consumer’s end of the line. to harden the gas and fuel infra- Bellevue, for example, had genera- emergency-room entrance. Me- powered cellphone charging sta- Batteries that supply power last for structure. Government agencies, tors on an upper floor, but 8.5 mil- chanical equipment for a new hos- tions—which could keep more only eight hours of talk time, which like the MTA, meanwhile, have lion gallons of water flooded the pital building is being moved to a phones powered during a blackout. means that pay phones—at least their own fuel supply, and were not basement, where the hospital’s fuel second-floor space originally in- Verizon Wireless said previous those connected to fiber—would affected by the fuel shortage. pumps were located.They are being tended for an expanded cafeteria. investments in generators, batteries not be the backup they were a year —andrew j. hawkins relocated to higher ground. After the storm, state health of- and emergency mobile assets meant ago for people whose cellphones had NYU Langone is building a ficials issued a temporary moratori- that 98% of its cell-antenna sites died.Mr.Levendos says the compa- LISTEN to a discussion at CrainsNewYork.com/podcasts seven-story co-generation plant to um on state approval of major new were working across the entire af- ny is working on improving battery

October 21, 2013 | Crain’s New York Business | 31 SANDY: 1 YEAR LATER

has bent over backward to avoid a ern tip of Manhattan, landlord new assessment on owners. But at Downtown Brookfield Properties refurbished Condo boards Glen Oaks Village, a Queens co-op the 40,000-square-foot, below- complex comprising 134 two-story grade shopping area that was de- Continued from Page 4 these fixes are still ongoing. properties, board leaders took the Continued from Page 4 stroyed by flooding. Now it is filling the Furman Center for Real Estate “We had to eat the cost for those opposite route. stalled to seal off a vault holding those storefronts with an upgraded and Urban Policy. emergency repairs,” Ms. Reich said. The majority of the units sus- critical telecommunications and roster of shops. Among those hardest hit were “We had no choice.” tained wind damage to their roofs electrical equipment in the base- garden-style co-ops.City data show and trees, totaling about $350,000. ment. And special shields imported Generating interest about 30% of such two-story build- ‘Do we fix or not?’ After an extended back-and-forth, from the flood-prone Netherlands “We’ve remade the space into ings were destroyed or suffered sig- That setback has set the table for president Bob Fredrich learned that are being installed to block off the much more of an amenity for our of- nificant structural damage. In the more difficult decisions now facing the insurance company was willing building’s three loading docks—the fice users,”said Jerry Larkin,an exec- Rockaways,for example,many first- the board about how to allocate the to pay for only half the repairs. “We main conduits for the most cata- utive at Brookfield who oversees the floor units could not be repaired. scarce remaining funds.The lobbies have to make a decision: Do we fix strophic flooding. leasing of its multimillion-square- Meanwhile, only 1% of buildings are still unfinished; ditto for repairs the building or do we not?”he asked. “It was like three Niagara Falls,” foot portfolio in the city. “It’s one of over seven stories high had storm- to the landscaping, swimming pool But after discovering that co-ops Mr.Bridgwood said,explaining that the improvements that we made af- surge damage citywide, most of it to and parking lot—amenities that and condos were not eligible for the storm provided a valuable, ter the storm that has helped gener- interiors and building systems, such make Brightwater Towers more at- grants from the Federal Emergency though costly,lesson in just how wa- ate interest among new tenants.” For as electrical. tractive to residents and potential Management Agency,leaders opted ter could infiltrate the property. proof,he points to 90,000 square feet One of the latter was Brightwater buyers alike. to proceed with repairs on their own Typical of post-Sandy efforts of space that he says new tenants are dime.Now they must figure out how undertaken at many downtown in talks to take in upcoming months. MINDING THE GAP: and when exactly to pass on the cost properties, work at 55 Water St. has Some of the biggest, and priciest, Brightwater Towers’ to the homeowners. gone well beyond repairs and even infrastructure upgrades downtown board is still looking for funds to finish “You have regular working peo- storm-proofing work. With some have been made by Verizon, lower some needed repairs. ple as the board members who have downtown buildings closed for Manhattan’s dominant telecom to make these types of decisions,” weeks or even months, the storm provider. It spent $1 billion ripping said Mr. Fredrich, who noted that, provided landlords with an oppor- out copper cabling destroyed by the happily,Glen Oaks had several pro- tunity to fast-track a number of floodwaters and replacing it with fessionals on its board whose ex- projects that had been on managers’ 114,000 miles of fiber-optic lines pertise it could tap. long-term wish lists for years. that will give the neighborhood what Mr. Bridgwood, for example, has arguably ranks as the city’s newest Balking at the cost installed a huge new chiller plant and most advanced communication In contrast, Ms. Pheffer’s 11- that will provide more efficient cool- and data transmission network. story condo in Rockaway Park was ing in the building—and in the Tenants—already increasingly less than a year old when Sandy hit, process save tenants millions of dol- drawn to the neighborhood by aver- and the board had little experience lars annually on their electricity bills. age rents that are nearly 30% cheap-

buck ennis with such things as what a public er per square foot than those of mid- insurance adjuster was or why one ‘Quicker time frame’ town,and more than 20% lower than Towers, a pair of 23-story properties “We felt it was our fiduciary re- was needed. It was only after The building’s owner,the Retire- midtown south—have responded to with a total of 734 condominium sponsibility to hold off, go slower foundering in a thicket of insurance ment Systems of Alabama,is also re- all the upgrades. According to data units that sit across the street from with the repairs and forgo a lot of the policies that the board realized its building the tower’s sprawling cafe- released last week by real estate serv- the New York Aquarium on Coney cosmetic stuff as long as we were ad- error and hired an adjuster. Now it teria, which is popular with tenants. ices company CBRE,a total of 4 mil- Island,an area that experienced a six- dressing systems issues,” Ms. Reich is faced with paying for all the Even with some of those projects lion square feet of office space was foot storm surge.The water did mil- said. things insurance will not cover, still underway, the new and im- leased in lower Manhattan in the first lions of dollars’ worth of damage to Delaying such moves as buying a among them re-creating the berm proved property has won over a new nine months of the year—up 22% the towers,according to condo board new desk for the doorman to replace around the property to keep flood- crop of tenants. Just last month, in from the same period in 2012. president Cynthia Reich, destroying his interim plywood crate as the waters at bay. one the biggest deals of the year in Building sales are up,too.The old their boilers and frying electrical board struggles to wring a bigger Many tenants balk at chipping in Manhattan, the New York City Verizon headquarters at 140 West equipment, including elevators. payout from insurers or from a re- to pay for those plans, she said. Health and Hospitals Corp. inked a St., a property severely damaged by In Sandy’s aftermath, the board cently created federally funded re- “We are going to have to assess, lease for 221,000 square feet. the storm, was just sold to a residen- quickly called in contractors to restore lief program is putting pressure on and some of our neighbors are up- “We always do capital work, but tial developer for a whopping $274 the flow of electricity and hot water. board members. set,” Ms. Pheffer said. this allowed us to do bigger projects million. And late last week, Chinese But the price of that work turned out “ ‘It’s been a year—what’s taking In the end, the board opted to in a much quicker time frame,” Mr. investment firm Fosun International to be steep indeed when the insurance you so long?’ ” is a question Ms. waterproof the boiler room no mat- Bridgwood said. bought Chase Manhattan Plaza, in company balked at paying for the Reich said she hears regularly. “It’s ter the cost, and to put off the land- Other landlords also have seized the heart of downtown,for $725 mil- temporary fixes of such items as cir- tough on a board.” scaping for another day. Ⅲ their Sandy-driven opportunity to lion.Its purchase at a price more than cuit boards if it was also going to be That seems to be the case no make big improvements. At 1 New $100 million over initial estimates asked to pay for their complete,long- matter which direction boards go LISTEN to a discussion at York Plaza, the 50-story, 2.6 mil- provided another powerful indica- term replacement. In some cases, these days. The Brightwater board CrainsNewYork.com/podcasts lion-square-foot tower at the south- tion of downtown’s rebirth. Ⅲ

received millions of government “It becomes much more chal- B&H Foto to shift 300 jobs upstate dollars for infrastructure improve- lenging when you get to B&H’s ments. It aims to be self-sufficient size,” he added. “At that point, real by 2015. estate costs can become over- Continued from Page 3 housed an academy for children with one familiar with the talks. The number of people that B&H whelming.” one of the most prominent Hasidic- special needs and is not zoned for in- B&H has been constrained in its employs at the yard swells during owned and -operated businesses in dustrial use. The existing buildings current location, as Steiner Studios the holidays, when orders for its Living-wage push a factor? New York City, generating an esti- are aging and haven’t been occupied expands around it amid a boom in cameras and electronics increase. The decision by B&H to leave mated $380 million in revenue an- for nearly a decade,said Steve Porath, When the company vacates its cur- the city also comes during a chang- nually, according to Dealerscope executive director of the Rockland rent space in Building 664, Steiner ing political climate, when pre- magazine’s 2012 yearly ranking. County Industrial Development ‘Real estate Studios, the yard’s largest employer, sumptive new mayor Bill de Blasio Online sales generate roughly 70% Agency. Its major value is its size and will expand into the building with vows to expand living-wage and of its revenue. relative proximity to Manhattan, costs can around 300 of its own employees. paid-sick-leave legislation. A living A company associated with about 30 miles south of the site. While the Navy Yard is seen as a wage would be at least $10 an hour B&H bought a 158-acre plot after it become savior of local manufacturing, many with benefits, or $11.50 without. considered multiple properties, ac- Long negotiations of B&H’s jobs at that location are Businesses at a city-owned and cording to members of the Rock- A spokesman for B&H would overwhelming’ warehouse positions, which do not -subsidized facility like the Navy land Economic Development Corp. say only that when its Navy Yard pay the higher wages often associat- Yard would presumably be targets of The company, Chestnut Ridge lease expires,it would consider loca- ed with manufacturing jobs. an expansion of such laws. Venture LLC, bought the land for tions in the tristate area, but de- “You never want to lose any jobs, Another major warehouse at the $9.3 million from the Edwin Gould clined to be more specific. but there is this flowering and open- Navy Yard, Mercedes Distribution Foundation for Children in Decem- However, B&H negotiated with the city’s film- and TV-production ing up of new businesses in the city Center,threatened to move to Penn- ber 2012, according to a deed ob- the Navy Yard for more than three industry. and the yard. You see again and sylvania if the living-wage bill is ex- tained from the Rockland County years about several possible sites,in- The B&H move comes at a cru- again small companies emerging,” panded, although the company has clerk’s office. The LLC was created cluding moving to another building cial time for the Navy Yard. The said Adam Friedman,director of the not made any indication that it will in November of the same year. on the 300-acre property or con- nonprofit office and industrial park nearby Pratt Center for Communi- leave. In fact, it plans to increase its The expansive property formerly structing its own facility,said some- sits on city-owned land and has ty Development. space, according to the Navy Yard. Ⅲ

32 | Crain’s New York Business | October 21, 2013 INSIDE HELLUVA TOWN Source Lunch Health NYC & Co. says club pioneer makes a nyet to Russia racquet P. 34

The backlash against Russia’s Out and About anti-gay and -lesbian policies continues, with the latest salvo Wake up and catch coming from the city’s tourism Sleeping Beauty P. 35 bureau, NYC & Company. On Jan. 1, the bureau will close its Moscow office, in part because of safety concerns for its staffers who travel there. “We’re supporting the LGBT community,” said NYC & Company chief George Fertitta at a recent Crain’s tourism summit. Of course, money is also playing a role in the decision. Mr. Fertitta called Russia a “pay-to- play market,” where state-owned media place restrictions on how businesses are promoted. The fact is, the seven-year- old outpost is simply not generating enough traffic to the Big Apple. With just 131,000 visitors to the city last year, Russia is New York’s 15th- largest overseas market. What’s more, 25% of Russian visitors stay with friends or relatives, according to the agency, and are not spending big bucks in hotels and restaurants. NYC & Company, with 18 overseas bureaus, is expanding its sales and marketing efforts in Latin America, particularly Chile, Peru and Colombia—countries it believes have greater growth potential. —lisa fickenscher BLOODBATH: Many nights, thousands of people line up to get Underground into Timothy Haskell’s Nightmare haunted drinking house. Attendees at last week’s fundraiser for the Lowline enjoyed a tasty cocktail named for what would be the world’s first underground park. Those who didn’t get the chance to imbibe the concoction of Absolut vodka, cloudy apple juice and peach bitters, fear not. A handful of bars on the Lower East Side, the would-be home of the Scaring up crowds—and cash Lowline, are offering their versions of the drink, with $1 of each sale donated to the nonprofit that is trying to get the idea into Haunted-house producers get ax-happy as thrill seekers line up for Halloween horror shows buck ennis

BY MIRIAM KREININ SOUCCAR SWEET DREAM The Nightmare haunted t Nightmare, a haunted house on the Lower East Side, thrill seekers are house expects a big audience this season.

lowline/raad studio lowline/raad pushed into a dark hole, experience the feeling of drowning and get to save a the ground. Since the summer, girl who is being brutally attacked by H.H. Holmes, the first documented three bars have signed on, serial killer in the U.S.The “show” lasts only 30 minutes, but many nights Donnybrook 2nd including and more than 2,500 people line up to get in. ¶ Timothy Haskell, an avant- Floor on Clinton, and two more 40K deals are in the works. The garde theater director, launched the Halloween attraction 10 years ago, and nonprofit hopes to enlist about 40 each year he creates a new theme.The current production focuses on a new additional venues. ATTENDEES “The drinks are a great way for crop of serial killers. ¶ The attraction opened on Sept. 27 this year and runs us to create an awareness [of the through Nov. 2. Mr. Haskell expects around 40,000 attendees and more than $1 million in ticket project] in the neighborhood,” said Dan Barasch, co-founder and sales. Admission costs $30 in advance and $35 at the door. ¶ “I know it seems obvious, but people executive director of the Lowline. Awant to be scared,” Mr. Haskell said. ¶ Indeed. Since Nightmare started, more than 10 haunted $1M+ It will take about $60 million to create the park, so supporters houses have opened in New York City, the majority in the past five years.These attractions don’t had better start drinking. use cheap tricks like spaghetti for brains and grapes for eyeballs: They cost hundreds of thousands —theresa agovino of dollars to produce and rely on professional actors, makeup artists and See HAIR-RAISING on Page 34 IN TICKET SALES

October 21, 2013 | Crain’s New York Business | 33 SOURCE LUNCH: Hair-raising experiences KIM MANOCHERIAN by Adrianne Pasquarelli Continued from Page 33 often wait three hours for a 20- and for the first time is running a 3-D technology and often get re- minute scare.Roughly 30,000 peo- major campaign on Long Island viewed in major publications like ple come through the house during Rail Road platforms. Producers are The New York Times. its 20-day run. Jim Faro, a co- also adding more bells and whistles The local boom is part of an in- owner of the attraction, says he to their shows. The producers of Health club pioneer ternational surge. There are about hires actors to entertain the people Blackout, which opened in New 2,500 haunted houses worldwide waiting in line to try to make the York five years ago, are spending in what has become a $300 million 20% more this year and adding returns to the gym industry,according to the Haunted more lighting and a number of Attraction Association. And Participants scares with water. they’re not child’s play.Many of the “There is a lot more competi- events are for the 18-and-older must be 18 and tion now, and we need to continue hen Kim Mano- just changed the compensation [of crowd, and some require partici- to innovate and push forward,”said cherian, 54, salespeople]. Instead of getting com- pants to sign a waiver. sign a waiver to Josh Randall, co-creator of Black- signed on last mission—getting paid for bringing out, who runs the show in Los January to run the someone in— they continue to get Slashing their way to the top enter Blackout Angeles and is expanding to New York Health money as the person stays, so they’re Observers say the attractions in Chicago in December. &W Racquet Club chain her father,real much more invested. New York are a cut above. Blackout is widely considered to estate developer Fraydun Manocher- “You have an incredible pool of be the most aggressive of the at- ian, founded 40 years ago, she knew How many members do you have, and talented actors here that you don’t tractions and was the first to send she had to pump up the energy at the how has that changed in recent years? have in other cities,” said Christine people through alone. At $65, it’s nine-unit company. The club once As of the end of August, we had Scharf, who runs a haunted-house wait part of the experience. also one of the most expensive.Par- reigned supreme in the Big Apple,but 30,385 members—a 1.6% increase review site called The Raven & “The wait time is our biggest ticipants must be 18 and sign a competitors, such as David Barton from last year. The average member Black Cat. challenge,” Mr. Faro said. waiver to enter the show on 11th Gym, which recently hired former stays with us about 40 months. Proprietors say the demand for Yet despite the demand, with Avenue across from Chelsea Piers. NYHRC CEO Howard Brodsky, these experiences stems from peo- competition growing, veteran pro- There is even a safe word to yell to have muscled in. Ms. Manocherian is How are you competing with the new ple looking for an antidote to the ducers say they need to work hard- stop the experience if it’s too fright- renovating the health club inside and CrossFit craze sweeping the industry? digital age. “It’s escapism, like why er than ever to stand out.In just the ening.The show is already sold out out. But after setbacks from Sandy, There’s a trend toward basics—going people jump out of airplanes,” said past couple of years, two major at- for many days of its run,which ends she still has a long way to go. backwards in a way—and if you work Steve Kopelman, a producer of tractions have opened.Times Scare Nov. 10. with a trainer with us, you incorpo- haunted houses, including Night- kicked off in 2011,and the Jekyll & Mr.Randall,a horror-movie fan Tell me about your background. Your rate some of that into your workout. mare, all over the country. Hyde Club’s Chamber of Horrors and theater director, also runs scary father founded the club in 1973? We’ve talked about whether we want At Blood Manor, a haunted started up this year. experiences throughout the year in I turned 14 around the time the first to get more into [CrossFit], but house on Varick Street,lines stretch Mr.Faro said he boosted his ad- an effort to stand out. A typical ex- club opened. There was no industry there’s a huge risk of letting people do around a full city block, and people vertising budget by 50% this season perience could include being kid- back then. Fitness as a way of life— it without supervision. napped, stuffed in a van with a bag luxury fitness—did not ex- over your head, and driven to an ist.I went to meetings,and WHERE There’s a big fitness trend HALLOWEEN HORROR SHOWS unknown location in Manhattan. every summer I worked for THEY toward sharing and the company. When I had competing—on Fitocracy, a Suffocated but undefeated DINED Where to go for a good scare kids, I wanted to be home social network, for example. The production has developed a with them, but last year, TERRI What are you doing to keep up? Blackout: Elements Merchant’s House Museum cult following, including a group when they were in college, 60 W. 23rd St. On some of our equip- that calls itself The Survivors. my father felt it was time (212) 647-8810 ment, you can race against 164 11th Ave. Candlelight Ghost Tour www.terrinyc.com Runs through Nov. 10 29 E. Fourth St. Muzam Agha, a 32-year-old mag- for me to come back to the someone else even not at azine executive, horror-movie fan company. AMBIENCE: this club. We’re also doing Tickets: $65 Runs through Oct. 30 Fast and sleek to- Tickets: $25 to $40 and Survivors member, has been more with social media and Why? go atmosphere Blood Manor through Blackout eight times. He with few seats, digital, and looking at how 163 Varick St. Nightmare: KILLERS2 has been suffocated for a short pe- It got much too sales- catering to the we can get better at that. riod of time, been forced to rescue driven and pulled away post-workout We don’t have an app, but Runs through Nov. 2 107 Suffolk St. a screaming naked woman who was from being member-based. crowd stopping by we need an app. We have Tickets: $30 to $45 Runs through Nov. 2 from the upstairs chained to a wall,and was chased by A longtime member came NYHRC our work cut out for us. Tickets: $30 to $35 a killer before being thrown out to me crying that she didn’t WHAT THEY ATE: Jekyll & Hyde Club’s Chamber onto the street. understand why we did a Your four-story Whitehall of Horrors Times Scare Green power “So many people ask why I Living Social deal,allowing smoothies of Street club was flooded after 216 W. 44th St. 669 Eighth Ave. would put myself through this,” somebody who is just play- kale, pear, Sandy. Has it recovered? Runs through Nov. 3 Open year-round Mr.Agha said.“But there’s nothing ing the social-media game banana, almond The ground floor was dam- Tickets: $18 to $33 Tickets: $27 butter and soy else like it. Your adrenaline is to join this company for a milk; one with aged, and it took us about a pumping,and you’re like an actor in month and pay less than a flax, one without week to get that back up. a show.” loyal member. I agree with Roasted But we had to demolish the Though the attractions do make her, and I won’t do that. vegetable entire bottom of the club— a nice profit—a big haunted house sandwich of the pool area, steam sauna, can earn up to $3 million a season, What was your first order of eggplant, squash, showers. We had just reno- producers say—the money is often business? sun-dried tomato, vated the club a year and a peppers and beside the point. Many of the cre- We’ve put $4 million into balsamic half earlier, so all the mon- ators in New York are either theater renovations. We needed to vinaigrette ey we put in was lost, and professionals or extremely passion- work on re-establishing TOTAL: $23.25 members left us. We’ve ate about Halloween.They take the our identity. We have a spent close to $2 million to craft seriously. 40th-anniversary T-shirt,and the en- get it back up and running, which it Mr. Faro, an attorney in private tire staff of 750 has had to wear that should be by the end of the year. practice, used to create a haunted shirt on certain days. We’ve changed house in his home every year. Now all our pools into saltwater—it How often do you work out? he starts planning for his commer- doesn’t turn your eyes red, it doesn’t I go to the gym three times a week. I cial haunted house every December, turn your hair green, it doesn’t fade usually walk to work from the Upper attends Halloween trade shows,and your bathing suit. We’ve done the West Side to our East 50th Street of- starts casting actors in June.He pays pools in every club but one. We also fice and stay pretty active. $200,000 a year in rent for his loca- tion just to hold onto it for the haunted attraction’s run. WHO KNEW? Ms. Manocherian is also in “Yes,we make a profit,”Mr.Faro said.“But this was born of a passion the real estate game. Her family owns all and a love for something.” the Health & Racquet Club buildings— LISTEN to a discussion at CrainsNewYork.com/podcasts and gets to pick retail tenants, like Terri. istockphoto

34 | Crain’s New York Business | October 21, 2013 OUT AND SNAPS Jimmy and Condi make the scene for a cause ABOUT by Ali Elkin and Theresa Agovino

CULTURE FIX CAREER BUILDER TUESDAY, OCTOBER 22, TUESDAY, OCTOBER 22 THROUGH SUNDAY, JANUARY 19 THE CORNING ELITE EMERGING The Frick Collection will be the last American TECHNOLOGIES SEMINAR will stop for VERMEER, REMBRANDT, AND HALS: discuss the future of leading- MASTERPIECES OF DUTCH PAINTING FROM THE edge technology. After a series MAURITSHUIS. While the Royal Picture Gallery of presentations, there will be a Mauritshuis in The Hague, Netherlands, mini-trade show and a happy undergoes renovations, it is lending out some of hour, providing attendees an its best-known works, including Johannes opportunity to speak with Vermeer’s Girl With a Pearl Earring.The technology experts. The event is museum is at 1 E. 70th St. and is open from at the New York Marriott Tuesday through Saturday, 11 a.m. to 5 p.m., Marquis, at 1535 Broadway, janet charlesjanet and Sunday, 11 a.m. to 5 p.m.; there also are and will run from 1 p.m. to 7 Dr. STEVEN J. CORWIN, BOB APPEL, CHARLOTTE FORD and Dr. LAURIE

select evening hours. Tickets should be booked p.m. Registration is free and mcmullan patrick GLIMCHER at New York-Presbyterian Hospital/Weill Cornell Medical in advance at the museum or through available at www.corningelite GIGI and AVIE MORTIMER at a fundraiser on Oct. 8 for the Museum College’s annual cabaret benefit. The Oct. 8 gala raised $3.3 million for the Telecharge, as they are for specific times of day. seminarny.eventbrite.com. of the City of New York. The event raised $375,000. medical center. Admission costs $25 for adults. For more information, visit www.frick.org. WEDNESDAY, OCTOBER 23 The New York Public Library FRIDAY, OCTOBER 25, will present SELF-RECRUITER’S THROUGH SUNDAY, BUILDING YOUR PROFESSIONAL OCTOBER 27 NETWORK WITH LINKEDIN & HOW The L.A. Theatre TO USE IT FOR YOUR JOB SEARCH. Works production of The seminar’s discussions THE GRADUATE will be include “Networking Strategies at the Queens to Expand Your Network” and Theatre for only five “Joining Groups Will Benefit performances over You in Ways That You May the course of the weekend. The stage adaptation Not Realize.” The event is free is based on both the 1963 novel and the 1967 at the Science, Industry and movie, about youth, love and plastics. Tickets Business Library, at 188 start at $25 and are available online at Madison Ave., and runs from 6 www.queenstheatre.org/graduate. The Queens p.m. to 7:30 p.m. For more Theatre is at 14 United Nations Ave. South in information, visit www.nypl Flushing Meadows Corona Park. .org/locations/sibl. anthony collins photo.com collins anthony

JONATHAN RECKFORD, NEIL HETHERINGTON and former President mozes photography institute laura washington JIMMY CARTER, who were in town earlier this month building houses for RICHARD and LORRAINE ABRAMSON with CONDOLEEZZA RICE DON’T MISS SLEEPING BEAUTY Habitat for Humanity and celebrating the 30th anniversary of the Carter at a benefit for the Washington Institute for Near East Policy on Oct. Work Project in New York City. 1. The fete raised $1.2 million. WEDNESDAY, OCTOBER 23, THROUGH SUNDAY, NOVEMBER 3 Choreographer Matthew Bourne brings See more of this week’s Snaps online at CrainsNewYork.com/galleries. his New Adventures ballet company’s interpretation of SLEEPING BEAUTY to New York City Center. Mr. Bourne’s new choreography for the Tchaikovsky ballet has been acclaimed in other cities. Tickets start at $30 and are available at www.nycitycenter.org. New York City Center is at 131 W. 55th St.

OPENING FUNDRAISERS WEDNESDAY, OCTOBER 23 TUESDAY, OCTOBER 22 The Museum of Chinese in City Harvest will host BID AGAINST America presents THE LEE FAMILY HUNGER, a tasting event featuring food and OF NEW YORK CHINATOWN SINCE wine with some of the city’s most notable 1888. The chefs. Participating restaurants include Blue a newnew didigitalital offfferinering dedicateddedicated ttoo historical Hill, Le Bernardin and Gramercy Tavern. exhibition takes The event also will feature an auction. The providinproviding investininvesting, planninplanning andand place in a gala is at Metropolitan Pavilion, 125 W. replica of a 18th St., and goes from 7:30 p.m. to 10 wealthwealth manamanagementement intelliintelligenceence to Chinatown p.m. Ticket packages start at $5,000 and are storefront at the available at http://giving.cityharvest.org/bid- hihigh-net-worthh-net-worth individuals.individuals. turn of the 2013-tickets. previous century. Over more than 100 years, the Lee family’s THURSDAY, OCTOBER 24 business morphed from a small The New York Police and Fire Widows’ and grocery to a national insurance Children’s Benefit Fund will host its 28th brokerage.The exhibit, which ANNUAL GALA at the Waldorf Astoria. The wealth.investmentnews.com runs through Sunday, April 13, event starts at 6:30 p.m. and will go until 2014, traces that growth.The midnight. Tickets are $1,000. This year’s Museum of Chinese in America is gala will honor the NYSE Fallen Heroes at 215 Centre St. and is open Fund and will present an award to Mayor powered by every day except Monday. Michael Bloomberg. The Waldorf Astoria is Admission costs $10. Visit at 301 Park Ave. Tickets are available at www.mocanyc.org. www.answerthecallgala-eorg.eventbrite.com.

MARK YOUR CALENDAR… sponsored by SATURDAY, DECEMBER 14 QUEENS OF THE STONE AGE will stop at Barclays Center during their tour to promote their well-received new album, … Like Clockwork. One of its more popular songs is “I Sat by the Ocean.” The band also is known for hits like “No One Knows.” Tickets start at about $60 and are available via Ticketmaster. The Kills will open the show at 8 p.m. Barclays Center is at 620 Atlantic Ave., Brooklyn.

October 21, 2013 | Crain’s New York Business | 35 Chris Gallant & Damian Brown Owners, The Bronx Brewery Bronx, NY Chase Business Clients

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