0 71486 01068 5 21 BIZ New Jersey’s payoutsNew Jersey’s SUPERSIZED VOL. XXX,NO.21 ye ihgnru a rasadohrsbiis Andin with generous taxbreaks and othersubsidies. types among thestateswooingNew York and employers ofallsizes Texas are Kentucky andeven New JerseyaswellFlorida, atotalof2,000jobs Communications eachcutdealstobring RBCCapitalMarkets andUnivision JPMorgan Chase, bigfishwhenManhattangiants landedsometruly month,he this Earlier and otherplacestocometheGardenState. official inchargeofpersuadingcompaniesNew York City theNew Jersey These aretimesfor terrific Lizura, Tim ELSTEIN BY AARON 1990s-era racetothebottom? joining Cancityresist breaks. with billionsofdollarsintax New York’s blue-chipplayers luring localesare Lower-cost

NEWSPAPER $698M 022013 2012 The war for some of New The warforsomeofNew York on. City’s bestjobsisback CRAIN’S $1.3B WWW.CRAINSNEWYORK.COM E OKBUSINESS YORK NEW called MetroCompare.called firm acorporate-relocation runs who said DanLevine, jobs,” quality muchpretty anycompanythatbrings incentivesfor rich very offering now, settingthepace Jerseyisreally “New outbyhisagency.incentives ladled million intaxcredits andother with thehelpofmore than$600 tenantslanded ofcorporate the series referringto Authority, Development Economic Jersey of theNew thepresident Lizura, saidMr. year,” bushels oftaxbreaks. across theHudsonRiverinreturn for Such successesare turningheads. Such wehadabig justonemonth, “In e USD ASonPage 26 WARS See SUBSIDY See WORDonPage42 TX FL NJ NY to Crumbs cupcakechain? to Crumbs Hardly sweet:Whathappened HOT STOCKNOW NOT ® P. 13 P. family member ofthe newest Meet the DIARIES THE ‘MANNY’ P. 29 P. target employers tohelpunions funds nonprofit usesgov’t How a powerful But its campaign raisesquestionsabout But itscampaign owners. byunsavory been victimized employees car-wash have tion says Theorganiza- drives. for unionization grow amembershipthatitthenrecruits in government contractshavehelpedit MelissaMark-Viverito.Speaker moved Councilby through theCity now legislationisbeing itscar-wash and businesses, leaveatmostcity sick the successfulpushtomandatepaid Itwasamajorplayer in politics. local becomeaforce in labor andhasquietly alignedwithorganized isclosely York, MaketheRoad New thebill, wrote ments oftaxpayerfunds. buoyed byheavypay- it—an effort but tounionize and stateagencies, overseen byfederal already an industry regulate to further isnotjust however, goal, Their critics’ crime. ganized byor- infiltrated forindustries reserved say are normally would imposeregulations thatowners that Council bill faceaCity neurs, entrepre- byimmigrant exclusively almost run across thefiveboroughs, Their approximately 150businesses owners.vi andhisfellow car-wash muttered. thenativeIsraeli business,” “Wonderful wash—kept themaway. ofrain—nature’sbut achance car forcustomers, His workers waitedidly onarecent afternoon. Brooklyn, York, drove washinEastNew intohiscar Rotlevi Clouds gathered asSteve BY CHRISBRAGG ‘Road’ hit bumpy owners Car-wash held companies 150 publicly largest THE LIST Make theRoad’s ofdollars millions The nonprofit group thatlargely Rotle- These are forMr. dark days MAY 26-JUNE1, 2014 PRICE:$3.00 See CARWASHonPage28 organize workers workers organize grouptohelp the Unions alsopay received in2012. RoadMake the GOV’T FUNDING $2.3M P. 15 EDITOR’S NOTE

Tech dreck FYICRAINSNEWYORK.COM Folks talked up tech all over town last week. At Internet Week New York, Mayor Bill de Blasio used the Time move signals big word “vibrant” a dozen times in his 28-minute shout-out to Silicon changes downtown Alley last Monday. (Speechwriters: he new magazine capital of Download the WordBook XL app New York was (unofficially) Glenn Coleman for iPad and iPhone.) At a Citizens born last week with the Budget Commission event, Deputy T Time Inc. announcement that will take Mayor Alicia Glen said our latest 16 acres of space spread over six floors ap images tech boom offers City Hall leverage to nix requests by at Brookfield Place, the five-tower office/retail complex in lower Manhattan.That puts it a Fortune 500 companies for special incentives to keep stone’s throw from Condé Nast, the publisher of Vanity Fair, Vogue and other top-shelf titles.That their office jobs in the city. She also took the stage at company primed the pump for the media migration downtown two years ago by signing a lease Internet Week to call the neighborhood nickname for 1 million square feet at 1 World Trade Center, across West Street from Brookfield Place. “Silicon Alley” outdated, suggesting instead the more Condé Nast plans to move there late this year, and Time will follow in 2015. ¶ The arrival of global “Technopolis.”Thud. (Speechwriters: WTF?) Time Inc., the magazine unit of Time Warner Inc. that will be spun off in June, ends its 55-year At a Crain’s forum on landmarking, preservationists run on Sixth Avenue in midtown—eight blocks north of Condé Nast’s current home at 4 Times wielded a weird argument for keeping midtown east’s Square. The two companies join a host of smaller media players that have recently jumped to the office inventory frozen in 1949: because the dudes at erstwhile financial district, drawn by cheaper rents and some of the snappiest new infrastructure in tech startups dig the character that antiquated spaces the city—from the new Fulton Center to the huge shopping malls planned for the Trade Center offer. Where to begin? You’d need 100 modest tech site and Brookfield Place.The latter is emblematic of downtown’s tectonic shift, as a diverse new startups to replace the 2,000 jobs that financial giants mix of tenants fills millions of square feet in the complex vacated by two financial firms, Merrill JPMorgan Chase and RBC recently chose to create in Lynch and Japan’s Nomura. —erik ipsen New Jersey.That’s two-thirds the size of Google’s New York City operation, gone with a shrug because AIRBNB SETTLEMENT. Airbnb and York’s largest publicly held compa- HOORAY! they apparently aren’t vibrant enough. Math matters, New York state Attorney General nies, plans to focus on oil production Eric Schneiderman have reached an and exploration. … BRONX POL SEN- THREE BABY PEREGRINE FALCONS—a tech boosters. So does mass. If you’re going to wave agreement that will require the TENCED. Eric Stevenson, a former once-endangered species—hatched on a your tech cred with clichés like “ecosystem,” at least apartment-sharing service to hand Bronx assemblyman, was sentenced ledge of 55 Water St. bone up on our annual list of the area’s largest public over rental data, stripped of names to three years in prison for accepting and other personal details, about more than $20,000 in bribes from companies, which begins on Page 15. You’ll find the hosts in New York. Starting next developers of adult day-care centers. globe’s richest and rarest concentration of big buyers month, Airbnb will The Democrat was of tech services and R&D in such mainstay industries also warn new hosts ‘First they said convicted of bribery, as finance, media, retail, consumer marketing, health that a state law pro- fraud and extortion, hibits apartment she faked her and was removed care and more. They are the reason Silicon Alley is rentals for fewer than from office. … NYSE thriving with local startups and the outposts of Silicon 30 days unless a per- concussion, CEO RETIRES. Dun- Valley giants. If enough corporate customers start manent occupant of and now they can Niederauer will istockphoto believing they won’t get a decent return on the invest- the unit is present. … leave the New York CREDIT SUISSE UN- say she is Stock Exchange OY VEY! ment they make to operate in the country’s most SCATHED. The Swiss sooner than antici- A BRONX substitute teacher was fired expensive marketplace, our tech boom turns to bust. bank pleaded guilty auditioning pated because of the after asking fourth-graders to help her to helping U.S. citi- for her part on company’s “rapid choose between two men she was dating. zens evade taxes. It integration” with THIS WEEK IN CRAIN’S will pay $2.6 billion The Walking Intercontinental- in penalties on top of Dead’ Exchange Group, IN THE BOROUGHS------3 the $196 million it which acquired the paid the Securities —Former President Bill NYSE last year. He IN THE MARKETS------4 Clinton, reacting to and Exchange Com- Republican strategist Karl will be replaced by THE INSIDER ------6 mission in February. Rove’s comments on Chief Operating Of- BUSINESS PEOPLE ------8 Damage to the bank Hillary Clinton’s health ficer Thomas Farley. was limited: Days af- … GOOGLE BUYS DI- OPINION ------10 ter Credit Suisse ad- VIDE. Search behe- ALAIR TOWNSEND ------11 mitting wrongdoing, Standard & moth Google has acquired Flatiron- Poor’s and Moody’s said they would based startup Divide, which helps ing Cancer Center to fund a new GREG DAVID------11 maintain the bank’s credit rating. … companies manage their employees’ “precision oncology” program. … THE LIST ------15 HESS RUNS OUT OF GAS. In a deal that mobile devices. The deal will help FOOD AWARDS GO TO CHICAGO. The will combine two of the country’s five Google work on making Android James Beard Foundation will cele- CLASSIFIEDS ------22 largest convenience-store chains, devices friendlier for corporate users. brate its 25th annual culinary award REAL ESTATE------25 Hess Corp. sold its green-and-white … SLOAN KETTERING’S BIG GIFT. Pri- ceremony in the Windy City. The SMALL BUSINESS------27 gas stations and other retail opera- vate-equity mogul Henry Kravis and event has been held in New York SHAREHOLDER, RIGHT? tions to Marathon Petroleum Corp. his wife, Marie-Josée, donated $100 since its inception. NEW YORK, NEW YORK ------Nell Minow on the influence 29 for $2.6 billion. Hess, one of New million to Memorial Sloan Ketter- —emily laermer of activist investors. P. 13 SOURCE LUNCH------30 CORRECTIONS (SEE PAGE 26) STORIES TO WATCH THIS WEEK vol.xxx,no.21,may 26,2014—Crain’s New York Business (ISSN 8756-789x) is published week- ly,except for double issues the weeks of June 23, July 7, July 21, Aug. 4, Aug. 18 and Dec. 22, by Crain Communications Inc., 685 Third Ave., New York, NY 10017. Periodicals postage paid at New York,N.Y.,and additional mailing offices.Postmaster: Send address changes to: May 26: Deadline May 27: North May 27: First May 30: Voter- Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, for AstraZeneca to Shore-LIJ to take anniversary of registration MI 48207-2912. for subscriber service: Call (877) 824-9379. Fax (313) 446-6777. $3.00 a copy, $99.95 one accept Pfizer’s over management Citi Bike deadline for year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2014 by Crain Communications Inc. All rights reserved. $118B takeover of emergency room New York’s offer at LICH primary election

2 | Crain’s New York Business | May 26, 2014 IN THE BOROUGHS BROOKLYN TRANSPARENCY: Brian Buchwald and Suki Sun of Bomoda make it easier for the world’s largest Old and consumers of high- end goods to buy authentic products online. new crowd mix it up Greenpoint merchants see risks, rewards in area’s arrivistes

BY KERRY MURTHA

At El Born, a posh new Spanish restaurant in northern Brooklyn not far from the East River, diners can seat themselves in the coolly mod- ernist space and sup on such delica- cies as cod with squid ink ($11) and foie gras with fresh quince in a bal- samic reduction ($18). And they do. “Every table is taken on the weekends,” said Elena Manich, a native of Spain who moved to New buck ennis York five years ago. “There are a lot of young people coming in.” What’s surprising about this pic- ture is that the 50-seat El Born, with They see the writing on the wall its 20-seat backyard café, is not in hyper-hot Williamsburg,nor in staid Brooklyn Heights. It stands at 651 women, Bomoda in recent weeks has rolled out Manhattan Ave., in the commercial And it’s in Mandarin. E-commerce site Bomoda an e-commerce marketplace. It’s designed heart of Greenpoint, a quiet neigh- specifically for the needs of these champion borhood known for decades mostly helps NYC luxury retailers bag Chinese shoppers shoppers, who can be seen laden with bags on for its tightly knit population of Fifth Avenue or paying cash for $5,000 watches middle-class Polish families, and for prisingly for a new economic power, China has a at Bloomingdale’s or Tiffany’s. the bakeries, restaurants and shops BY MATTHEW FLAMM lot to learn. Now the world’s luxury-market leader, Chi- along the avenue that cater to them. That’s where Brian Buchwald sees a vast op- na accounts for 30% of global high-end purchas- As is the case in many other gen- China will soon have the world’s largest econo- portunity for Western retailers and his own es,or about $90 billion in sales,according to Bain trifying areas in the city, old-line re- my, but along with wealth comes responsibili- Manhattan-based company, Bomoda. & Co. Two-thirds of that shopping takes place tailers are being replaced by a pricier ty—like knowing which Ferragamo shoes to Founded two years ago as a Daily Candy-like outside the mainland, and about half the money and more modern generation, but in wear with which Christian Dior jacket. Not sur- newsletter targeting fashion-conscious Chinese See BOMODA on Page 25 See GREENPOINT on Page 26 Lead us not into Penn Station, STATS AND THE CITY by Nicholas Wells FACEOFF: The Rangers could be blazing to New York’s first Stanley Cup championship in 20 years. With ticket prices hitting record levels for home landlord tells fast-food joints games at Madison Square Garden, it’s safe to say the city has hockey fever.

AVERAGE secondary-market price paid per ticket the Vornado dumps change is a fact of life.” Some 130 Corridor Capital Planning. “It’s day of the Rangers’ May 22 home game (Game 3 of workers will be laid off. claustrophobic; there’s no natural the$802 Eastern Conference final), up 111% from the start of the series Riese restaurants Sources say Vornado, the Man- light.” hattan-based real estate conglomer- Of course, these changes are in effort to spruce up ate with extensive holdings in the simply stopgap measures as the AGE of Martin St. Louis (pictured), train terminal area,plans to spruce up that section of stakeholders await the much 38 making him the oldest player on the Penn Station, which grander Moynihan Rangers’ roster it controls through A bid to Station project, BY LISA FICKENSCHER its 1 Penn Plaza which will extend PURCHASE PRICE tower. The station’s Penn Station to the of the Stanley Cup Penn Station is sweeping out its other landlords— emulate Farley Post Office $48.67in 1892 fast-food joints. KFC, Pizza Hut the Metropolitan building and serve as and eight other eateries operated by Transportation Au- Grand Amtrak’s main pas- NUMBER the Riese Organization on the low- thority, Amtrak and senger waiting area. of letters missing from Central the New York Islanders’ (spelled er, Long Island Rail Road level of New Jersey Tran- Riese’s fast-food 1Ilanders) name when it was engraved the commuter hub will be toast in a sit—are working on exit will be the first, on the Stanley Cup in 1981 couple of months. Landlord Vorna- improvements for but others may fol- do has decided it’s time for a change the beleaguered low as their leases along the busy West 33rd Street property as well.The expire. Vornado did YEAR the Stanley Cup passageway, which connects Sev- plans will be detailed in a report, the not comment for this story, but an- Sources: SeatGeek, National 1992 final first stretched enth and Eighth avenues. Riese has “Penn Station Visioning Study,”soon other major tenant, Steven Kaplan, Hockey League, Hockey Hall into June. This year, the series could of Fame, ESPN go until June 19 held the leases for 42 years. to be released by the railroads. could be asked to change his offer- “I’m certainly sorry to see my “Everyone’s first instinct is to get ings or give up some of his leases, newscom employees lose their jobs,” said out of Penn Station,” said Jeff Ger- which still have years on them, ac- ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY Chief Executive Dennis Riese.“But lach, head of Amtrak’s Northeast See FAST FOOD on Page 28

May 26, 2014 | Crain’s New York Business | 3 IN THE Danny Meyer tries to calm MARKETS 9/11 museum café firestorm by Aaron Elstein

Restaurateur says appropriate use of space in what is In a statement provided to seen as sacred ground, where thou- Crain’s, Mr. Daniels defended last site’s eatery will be sands of victims lost their lives. week’s event. “We get no operating When the museum hosted a private assistance from Washington.And so simple, ‘sensitive’ party to thank its donors on the eve until we do, we will have to raise of its public opening on May 21, money to run the museum—and it is some 9/11 family members were absolutely appropriate to thank BY LISA FICKENSCHER turned away. Mr. Meyer and muse- donors who gave hundreds of mil- um officials were immediately at- lions of dollars and others,including Danny Meyer, the restaurateur who tacked for their insensitivity. family members, who worked so was caught up in the firestorm last Some critics say that the restau- hard to make the museum a reality.” week over a private VIP party host- rant and gift store should not make A source close to the museum ed by the National September 11 a profit. Mr. Meyer made clear, said that the backlash will likely re- Memorial Museum, told Crain’s however, that the café will serve sult in a decision not to host private that he was surprised by the simple menu items as an events there again. A museum backlash against him for oper- amenity for ticketed spokesman did not respond. ating a café in the facility. He museumgoers and will not be Paula Berry,who lost her husband composite;crain istockphoto said that his intentions have an upscale destination meant on Sept. 11 and serves as a museum been misunderstood. to attract crowds. board member,said officials of the in- “We were humbled when the “We won’t have a dif- stitution have made “every effort not museum came to us, be- ferent offering at 6 to be flat-footed in everything we do, Golden parachute cause they thought we p.m. than we will because it is sacred and hallowed could do a sensitive job,” have at 10 a.m.,” ground, without a doubt.” Mr. Meyer said. Mr. Meyer said. She also acknowledged that the hits Flushing hard Mr. Meyer’s bloomberg news He added that facility is “going through the grow- catering arm,Union he does not know ing pains of settling in,” and that it is Square Events, was ‘Who would whether the café difficult to anticipate all the emo- hareholders in the parent of Flushing Savings Bank had selected by the mu- will host private tions and reactions it will trigger. a lot to be happy about heading into last week’s annual seum—in a request want to events in the fu- Museum officials pointed out for proposals have a party ture, deferring to that the United States Holocaust Smeeting at the LaGuardia Marriott.The $5 billion-in- process—to run the museum Presi- Memorial Museum has a café and assets thrift, which has served Queens since 1929, had seen Pavilion Café open- there?’ dent Joe Daniels. gift shop, as do other institutions its share price jump by 39% last year, well ahead of the 28% ing this summer. “We asked the that commemorate tragic events. Flushing Financial Corp. But the café has same question,” “The café is appropriate because gain by its peer-group index, and ’s become a lightning said Mr. Meyer, it’s not meant for you to make earnings rose by 10%. rod of controversy referring to par- reservations or have a date there,” Yet not all was good. Many investors were so outraged by among 9/11 family ties, adding, said Ms. Berry. “It’s a place to re- the rich compensation package awarded last year to Chief members and others who question “Who in the world would want to flect. It’s nourishment versus fine John Buran whether a for-profit restaurant is an have a party there?” dining.” Ⅲ Executive (pictured) that 30% of them voted against the bank’s pay practices. That’s a lot in a year when

CEO pay isn’t a pressing issue at to provide a windfall to executives many companies. For example, who do not,” wrote ISS, which only 22% of shareholders voted urged investors to vote against against the JPMorgan Chase board’s Flushing’s pay practices. decision to pay CEO Jamie Dimon In addition, once Mr. Buran $20 million last year,when the bank pulls the cord on his golden para- laid out billions of dollars in legal chute,Flushing shareholders would settlements. have to pay the associated excise At Flushing,the issue wasn’t Mr. taxes. Excise-tax payments would Buran’s $1.9 million in total 2013 account for 30% of Mr. Buran’s compensation.It was how the board $10.1 million golden parachute,ac- had made it easier for him to make cording to Flushing’s proxy state- a killing should he sell the bank. ment. Such payments, known as Here’s the deal: Last July, Flush- “gross-ups,” have also become less ing amended its contract with Mr. common in recent years after in- Buran to say that if there is a “change vestors at scores of companies bit- of control” at the bank, he need wait terly complained about them. only six months to resign and collect It isn’t clear how Flushing’s board a hefty severance package.Under his will react to investor ire over Mr. previous contract, he had to keep Buran’s pay package. The bank working six times as long—for three didn’t respond to calls seeking com- years—after a sale to pocket his exit ment on the matter. pay. The sweetheart deal didn’t go In most ways Flushing’s board over well with proxy adviser Institu- does a good job of matching pay tional Shareholder Services,which said with performance,with ISS saying the pact gave the CEO the power to “absolute alignment ”is better than unilaterally decide when to stop at 70% of companies.The fact that working and collect his bounty. the directors would grant a con- “The purpose of golden para- tract so favorable to the CEO may chutes is to provide a cushion to an be an indicator that they want to executive who could lose employ- motivate Mr. Buran to sell the ment due to a change in control,not bank. Ⅲ

DECLINE in share-trading activity so far this quarter at -9%the New York Stock Exchange, according to brokerage firm Keefe Bruyette & Woods. Volume has continued to fall after a flat first quarter. Trading activity on the

bloomberg news NYSE fell by 7% last year.

4 | Crain’s New York Business | May 26, 2014 The cloud that is helping cure cancer.

Research that once took years now happens in hours. Using Microsoft Azure and HDInsight, scientists and engineers at Virginia Tech harness supercomputing

Productivity power to analyze vast amounts of DNA sequencing information and help deliver lifesaving treatments. Now the next big breakthrough might not be found in a test tube, but in big data.

This cloud makes data make a difference. This is the Microsoft Cloud.

Social

Platform Insights

learn more at microsoftcloud.com THE INSIDER by Andrew J. Hawkins buck ennis ‘Right-sizing’ housing is tricky biz n overlooked and potentially controversial aspect of Mayor Bill de Blasio’s housing plan would nudge Apublic-housing residents, mostly seniors, out of their apartments into new, smaller ones.The logic is clear: It would make desperately needed units available for families. But getting folks to leave their longtime homes is a dicey proposition. Alicia Glen (pictured), deputy mayor for housing and economic development, broached the idea gingerly last week, using a verb that tends to raise tenants’ ire. “There are no studios in public housing—a very little- known fact,” she said at a Citizens Budget Commission forum. “And so you have an incredibly interesting : Rebuilding NY 2014 opportunity in a thoughtful way to right-size people.” The city has tried to “right-size” ic” and must be handled delicately. Photo Credit: Buck Ennis public-housing residents before, “It has often been the case that with limited success. Residents NYCHA has threatened resi- have accused previous New York dents,” he said.“So why even cause City Housing Authority regimes the anxiety in the first place?” of aggressive tactics to get them to Meanwhile, NYCHA faces leave underoccupied apartments enormous budgetary needs.Mayor for smaller units. Michael Bloomberg proposed replac- “I know that’s a dirty word and ing parking lots and playgrounds at people go crazy,” said Ms. Glen. eight authority properties in Man- “Those families who have lived in hattan with market-rate and af- those neighborhoods want to stay fordable housing, raising about in those neighborhoods—it’s $60 million annually to repair where their church is, it’s where aging authority buildings. Public- Join Crain’s for a morning conference with some of the city’s their kids are. So if we can develop housing advocates cried foul, and prototypes of senior housing for Mr. de Blasio canceled the plan. most important decision makers and thought leaders to discuss our public-housing residents as His administration is working on a the future of New York’s infrastructure. well, then just think about how replacement. many potential family units we Ms. Glen said generating rev- PLENARY Monday July 14, 2014 could be freeing up.” enue is “no longer the primary goal” NYCHA says nearly 40% of its but is a possibility. That would How to Fix the Port Authority Hilton New York households are in the wrong-size require market-rate housing— Susan Baer, Principal, Arup 1335 Avenue of the Americas apartments: 56,066 units are anathema for some public-housing Stephen Berger, Chairman, Odyssey Investment Partners, LLC underoccupied (11,403 “extreme- activists but something Mr.de Bla- Carol Kellermann, President, Citizens Budget Commission 8:00 a.m. – 8:30 a.m. Registration ly”so) and 15,153 are overcrowded. sio has said he would entertain. ARMCHAIR DISCUSSIONS and Networking Breakfast “Right-sizing helps us fulfill our “If we are able to raise some rev- How to Build a $3 Billion bridge in Record Time 8:30 a.m. – 12:00 p.m. Program mission to provide safe, decent, af- enue as well as provide senior hous- fordable housing to as many people ing and jobs for folks, that would One-on-One with Howard P. Milstein, Chairman, New York State Thruway Authority Cost to Attend: as possible,” a NYCHA spokes- help shore up NYCHA’s balance How to Fill 30,000 Potholes $250 individual ticket(s) woman said, pledging to work with sheet so that it could improve the One-on-One with Polly Trottenberg, Commissioner $2,500 table(s) of 10 stakeholders to “ensure that this quality of housing that’s already NYC Department of Transportation $3,500 table of 10 + event journal ad policy is sensitive and fair.” there,” Ms. Glen said. CLOSING SESSION Early bird pricing ends June 3. Ritchie Torres, chairman of the Mr. Torres said profit shouldn’t City Council’s Public Housing be on the table. How Better Broadband Could Revolutionize New York You must be pre-registered to attend this event. Committee, said that moving sen- “For now,”the councilman said, Shrihari Pandit, President & Chief Executive Offi cer, Stealth Communications No refunds permitted. Additional speakers to be confi rmed. iors from homes they may have oc- “I do oppose market-rate housing” For more information: cupied for decades can be “traumat- on Housing Authority land. Ⅲ Adrienne Yee Register Today >> Phone: 212-210-0739 crainsnewyork.com/events-rbny2014 Email: [email protected] QUOTE OF THE WEEK: Platinum Sponsor: ‘It’s the magic of the market’ —Carting-industry lobbyist David Biderman, on how private haulers For sponsorship information, contact Joanna Harp at dispose of trash for $52 per ton while New York City pays $124 (212) 210-0278 or [email protected]. Source of costs: Citizens Budget Commission

6 | Crain’s New York Business | May 26, 2014 GOING PLACES CBRE congratulates Mary Ann Tighe and Gregory Tosko, and recognizes the contribution of Lauren Crowley Corrinet, on their Henry Hart Rice Achievement Award, the top honor in REBNY’s Most Ingenious Deal of the Year competition. Bringing Coach to its future home at Hudson Yards is truly a pioneering moment for Manhattan commercial real estate, and one for the history books.

The award also marks unprecedented achievements in REBNY KLVWRU\³LW·VWKHÀIWK5(%1<IRUWKHWHDPRI0V7LJKHDQG Mr. Tosko, and the eighth for Ms. Tighe. It’s this kind of extraordinary vision that helps drive the future of New York City— and keeps us all going places.

cbre.com/nyc BUSINESS 1,626 NYC jobs lost in the securities industry since March ’13, the private sector’s biggest drop PEOPLE Source: NYC Economic Development Corp.

EXECUTIVE MOVES

Guidepost Solutions: Julie Myers,44,was promoted to chief executive at the security and compli- ance firm. She was previously president of its compliance, federal practice and software solutions division. Warwick Hotel New York: Paul Joseph, 42, joined as executive chef. He was previously executive chef at FireBird Russian restaurant. Rockwell Group: Gonzalo Bustamante, 44, joined the architecture and design BODY OF WORK: firm as studio leader. He was previ- John Qualter spent a ously owner of GBDW, which he decade creating founded. high-resolution Niche Media Holdings: Ann Song, 46, medical images. joined the lifestyle publishing compa- ny as vice president of fashion and creative. She was previously director of integrated media and brand strate- gy at C California Style magazine. TTS Staffing: James Clifford, 40, was promoted to managing director of Web and mobile recruiting at the staffing firm. He was previously director. Dr. Oz The Good Life: Jill Herzig, 47, was appointed editor in chief. She was pre- viously editor in chief at Redbook. Method Architects: Victor Stein,60, joined as director. He was previously director at Hunts- man. Rechler Equity Partners: Gerard Del- buck ennis Bene, 55, joined the commercial real estate company as corporate con- GOTHAM GIGS troller and director of finance. He was previously controller at Vornado Realty Trust. CohnReznick Wealth Management: John Dugan, 54, joined the account- ing, tax and advisory firm as director of insurance. He was previously vice John Qualter’s inner space president of business development at Zenith Marketing Group. Lowell Hotel New York: Eric Dupaix, BioDigital Human is like Google Earth for the body 46, joined as director of operations. He was previously director of opera- tions for Gordon Ramsay at the Lon- John Qualter has spent more than a decade “I wanted to learn production tools that are used don NYC Hotel. ‘The way NetSeer: Jeremy Wal- charting the human body inside and out. He can in Hollywood,” he said. ¶ The interactive map lace, 40, joined the surgeons now tell potential clients: “If you want a more lets students isolate organs or repeat complex online advertising company as director learn detailed model of the eye, we can make that for procedures before trying them on a cadaver—or of programmatic you.” Mr. Qualter’s BioDigital Human, a 3-D patient. “Pilots have to reach a certain level of media sales. He was previously director hasn’t atlas of human anatomy, has attracted 1.4 million competency before they’re allowed to put of advertising sales users who can explore the body as one peruses passengers’ lives at risk,” he said. “Surgeons at Netmining. changed the planet via Google Earth. ¶ Mr. Qualter, 37, should have the same requirements, but the way Parsons Brinckerhoff: Marco Rosignoli, 58, joined the planning, engineering, in 100 spent 10 years creating high-resolution medical they learn hasn’t changed in 100 years.” ¶ and program and construction man- images for pharmaceutical clients and medical Memorial Sloan Kettering Cancer Center uses agement organization as technical years’ director of complex bridges. He was schools. He and his partner, Frank Sculli, put BioDigital to educate thyroid-cancer patients. previously bridge technical leader at their images into a public repository used by Bellevue Hospital started giving residents iPads HDR Inc. Iroquois Capital Group: Morton Pierce, some 2,500 medical schools to teach anatomy to with the BioDigital app preloaded with 65, was appointed to the advisory their students. (NYU, where Mr. Qualter is a visualizations of chronic conditions common to board of the merchant and invest- research assistant professor, is among them.) ¶ their patients. ¶ Physical therapists, yoga ment banking company. He continues as a partner in the mergers and acqui- Mr. Qualter majored in studio art while on the instructors, even medical billing companies could sitions group at White & Case. pre-med track at the University of Virginia, then benefit from the maps, Mr. Qualter said. Trinity Place Holdings: Miriam Harris, 41, joined the real estate company as spent two years designing software before going “Anatomy is pervasive,” he said. “It’s not just in executive vice president. She was pre- back for a master’s in digital imaging and design. medical school, it’s everywhere.” —irina ivanova viously executive vice president and

8 | Crain’s New York Business | May 26, 2014 EXECUTIVE MOVES CORPORATE LADDER co-head of the real estate transaction servic- es group for the New York City Economic LINCOLN CENTER EXEC MAKES OVERTURE TO NABES Development Corp. Collective: Ken Nelson, 44, joined the digital JANET TORRES, the daughter of Puerto Rican immigrants, grew up in Jamaica, Queens, and didn’t visit Lincoln Center until she technology company as senior vice president was a 19-year-old student at Fordham University. That’s when she first purchased discounted tickets to the Philharmonic. Now, at of the brand insights group. He was previ- 45, she’s the director of government and community engagement for Lincoln Center, a role she assumed on April 29. ously vice president of business develop- The appointment, the first since Jed Bernstein became president in January, is part of the center’s outreach to a wider range of ment at Exponential. New Yorkers through programs like Lincoln Center Local, which brings performances to libraries in Brooklyn and Queens. “I want Barry Garbarino, 42, joined as vice president of marketing strategy and events. He was to reach out to kids like me, growing up in Queens,” said Ms. Torres, who most recently worked as a senior policy analyst previously senior director of marketing and for Gov. Andrew Cuomo and managed the Minority and Women-Owned Business Enterprise Team. creative director at the Association of General Counsel Lesley Rosenthal said the position is an old one that has been reinvented. “Community has always National Advertisers. been important to Lincoln Center,” she said. “With a new president, we wanted to reinvigorate our outreach.” Sesame Workshop: Lewis Ms. Torres said she values the arts education she received in school because her parents, who focused on keeping a Kofsky, 43, joined the roof over her head and food on the table, didn’t have the opportunity to expose her to art. “It broadened what I thought of nonprofit educational organization as vice the world, and what the world held,” she said. —NAZISH DHOLAKIA president of international creative and global interactive strategy. He was previously director of game services at Playnomics. Synthesio: Chris Halvorsen, 42, joined the social-media monitoring company as vice president of sales, North America. He was previously chief sales officer at Pontiflex. Washington Square Partners: Joy Sinderbrand, 35, joined as associate vice president. She was previously development project manager at the Port Authority of New York and New Jersey. Intermarket Communications: William Ferri, 40, was promoted to managing partner at the communications and public-relations IT’S AN AIRPORT. firm. He was previously executive vice presi- dent and managing director. Bressler Amery & Ross: Karl Marquardt, 50, joined the law firm as a member. He was THERE SHOULD BE AIR. previously vice president and head of national business risk in the Central Review Unit for Morgan Stanley Wealth THE ONLY OUTDOOR AIRPORT LOUNGE IN NYC. Management. U.S. Postal Service: Elvin Mercado,46,was appointed New York postmaster. He was previously postmaster of the Bronx. Belkin Burden Wenig & Goldman: Lawrence Shepps, 46, joined the real estate law firm as of counsel in the real estate transactional practice. He was previously of counsel in Wachtel Missry’s real estate practice. Windels Marx Lane & Mittendorf: Gary Moriwaki, 65, joined the law firm as a partner. He was previously a partner at Fox Rothschild. Reiko Takikawa, 57, joined as a partner. She was previously a partner at Fox Rothschild. Blank Rome: James Odell, 54, joined the law firm as a partner. He was previously manag- ing director and head of legal at the Deposi- tory Trust & Clearing Corp. Otterbourg: John Hanley, 46, joined the law firm as an attorney. He was previously a partner at Carter Ledyard & Milburn. Goldstein Hill & West Architects: Angel Castillo, 35, joined as project designer. He was previ- ously project manager at GF 55 Partners. Borderless Executive Search: Andrei Costache, 35, joined the direct- search firm and leadership consultancy as an international consultant. He was previously a director at Boyden. Douglas Elliman: Gregory Cohen, 29, joined the real estate firm as a licensed real estate salesperson. He was previously a managing director at Summerlyn Associates. IF Studio: Kristin Simmons, 24, joined the strategic branding and design agency as project director. She was previously project director at DBOX. —nazish dholakia EXECUTIVE PROMOTIONS #KEEPCLIMBINGNY The fastest way to get an announcement into Crain’s is to submit online. Fill out the form at www.crainsnewyork.com/section/ executive_moves. The Executive Moves column is also available online.

May 26, 2014 | Crain’s New York Business | 9 OPINION CRAIN’S NEW YORK BUSINESS

Stand firm, Mr. Mayor editor in chief Rance Crain publisher, vp Jill R. Kaplan EDITORIAL ayor Bill de Blasio said he would end officers are not the best equipped to address. City Council editor Glenn Coleman the infamous annual “budget dance” members, Public Advocate Letitia James and others managing editor Jeremy Smerd deputy managing editors Valerie Block, with the City Council, and he did, demanding more cops should consider the diminishing Erik Ipsen assistant managing editors Barbara Benson, delivering a budget proposal bereft returns that such an expenditure would yield, given the low Erik Engquist of the cuts to firehouses, libraries, crime rate. senior news producer Amanda Fung contributing editor Elaine Pofeldt after-school programs, senior The initial $94 million cost, meanwhile, would increase columnists Greg David, Steve Hindy, Alair Townsend senior reporters Theresa Agovino, centers and day care that annually over the 20 years that the 1,000 officers presumably Aaron Elstein, Lisa Fickenscher, Matthew Flamm, manufactured so much drama during the Bloomberg and remain on the force, giving way to decades of handsome Daniel Geiger, Adrianne Pasquarelli reporters Joe Anuta, Chris Bragg, Giuliani administrations. But when Mr. de Blasio turned off pension payments while they pursue second careers in Andrew J. Hawkins, Irina Ivanova, M Thornton McEnery the music and the lights, council leaders found themselves security, construction and other fields. reporter/videographer Ken M. Christensen without the springtime spotlight to which they had grown As the mayor has noted, the Police Department seems to news producer Emily Laermer web reporter/producer accustomed.They needed something—anything—to fight be doing a fine job with Nazish Dholakia for. So they came up with a cause: 1,000 more police officers. the resources it has. art director Steven Krupinski Adding police in deputy art director Carolyn McClain Why 1,000? Well, it is a big, round number. And it sounds Admirable initiatives staff photographer Buck Ennis copy desk chief Steve Noveck good. For an elected official to stand before constituents and an era of low such as Vision Zero— copy editor Thaddeus Rutkowski demand to add, say, 250 cops to the city’s force of 35,000 Mr. de Blasio’s push to data editor Suzanne Panara crime doesn’t researchers Malik Singleton, Nicholas Wells would seem insignificant. Hence, the call for four figures. eliminate traffic deaths conferences and events editor Fortunately, there is no justification for such an increase. make sense in the city—depend on Jessica Kramer Crime rates have sunk to lows unimaginable only 20 years greater focus from ADVERTISING, MARKETING AND PRODUCTION advertising director Joanna Harp ago. New Yorkers now walk around looking at their police officers, not sales manager Irene Bar-Am senior account managers smartphones instead of over their shoulders. Car owners more of them. Jill Bottomley Kunkes, Courtney McCombs, long ago tossed their “no radio” signs into the paper recycling The mayor is Suzanne Wilson director of custom content Trish Henry and their steering-wheel locks into storage. Revelers take the expanding prekindergarten, after-school, housing, child- account executives Lauren Black, Rob Pierce sales coordinator Cynthia Hutchinson subway home after a night on the town. welfare, job-placement and other services that figure to have events coordinator & scheduler Yes, violence remains too regular an occurrence in some a greater long-term effect than law enforcement would on Alexis Sinclair credit Todd J. Masura (313-446-6097) neighborhoods. But much of the crime that endures is the seemingly intractable pockets of crime that linger.The director of audience & content partnership development Michael O’Connor rooted in a lack of guidance and opportunity for young city’s focus should remain on developing our human capital senior marketing manager people and the formerly incarcerated—problems that police rather than incarcerating it. Catherine Schutten director of conferences & events Courtney Williams events coordinator Adrienne Yee reprint account executive Alicia Samuel COMMENTS production and pre-press director CRAIN’S ONLINE POLL Simone Pryce advertising production manager Suzanne Fleischman Wies ONLINE AND INTERACTIVE SERVICES Green cabs are ripe general manager Rosemary Maggiore web developer & digital sales strategist Chris Tumminello ADD MORE BORO TAXIS Queens, for example) unless norms, master basic career TO SUBSCRIBE: you’re going into Manhattan. skills and begin building their For print and digital subscriptions or customer I definitely support the issuance Green cabs know the commu- professional networks.They see service, e-mail [email protected] ap images of more green-taxi licenses (on- nities they work in and make what industries they want to or call 877-824-9379 (in the U.S. and Canada) or line poll, May 16). While it finding a cab much easier, es- work in and the steps they need 313-446-0450 (all other locations). $3.00 a copy for SHOULD THE POST AND the print edition; or $99.95 one year, $179.95 two NEWS APOLOGIZE TO would be nice to have one taxi pecially at night. to take—such as going to col- years, for print subscriptions with digital access. system serving the entire city, —carlos lege. And teen work experience www.crainsnewyork.com/subscribe MAYOR DE BLASIO FOR the cold fact is that the yellow develops traits like persistence, TO ADVERTISE: THEIR ‘BAD MOM’ STORIES cabs do not serve the city, but INTERNSHIPS: BEYOND PAY independence and a sound Contact Irene Bar-Am at ABOUT HIS WIFE? rather only Manhattan and the work ethic—the qualities they [email protected] or call 212-210-0133. hipster neighborhoods in Your article “Pressure rises on need in college and beyond. www.crainsnewyork.com/advertise Yes. They took her comments out of context Brooklyn and Queens that feed businesses to pay interns” (May Pay is equally important: FOR INFORMATION ON OUR EVENTS: and judged her parenting in a way a man into Manhattan.The rest of us 12) discussed how recent law- Unpaid internships favor stu- Contact Courtney Williams at [email protected] or 212-210-0257. would never have been subjected to. have had woefully inadequate suits, books and cultural shifts dents who can afford to take www.crainsnewyork.com/events cab and car service for years. have forced firms to re-evaluate such positions, while poorer No. These are classic New York tabloid I thought Bill de Blasio was summer internship programs. students are relegated to lower- TO CONTACT THE NEWSROOM: headlines. The de Blasios knew the risks when supposed to be the mayor for We need to entirely rethink skilled summer jobs. 685 Third Ave., New York, NY 10017-4024 they made their family a mayoral campaign editorial phone: 212.210.0277 all people, the great equalizer. internships. That includes By paying interns, and by fax 212.210.0799 prop. Freezing these green licenses, pay—a critical component for beginning internships sooner, Entire contents ©copyright 2014 Crain Communications Inc. Date of poll: May 20 without finding ways to incen- most interns—but also when we can ensure all students have All rights reserved. ®CityBusiness is a registered trademark of MCP Inc., used under license agreement. 240 votes tivize the yellow cabs to serve internships should begin. an opportunity to prepare for all the boroughs, is just a way of Students often wait until the professional world.This in- CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS perpetuating the second-class graduating from high school to vestment eventually pays off for chairman Keith E. Crain 28% president Rance Crain Yes status of the non-Manhattan look for meaningful profes- all of us, with better-educated treasurer Mary Kay Crain residents of New York City. sional exposure.That’s too late: students who are more likely to Cindi Crain —teresa donohue Research shows they can bene- graduate from college and executive vp, operations William Morrow fit tremendously from hands- ready to work in an increasingly executive vp, director of strategic 72% WE NEED MORE CABS in the outer on work experience before they specialized economy. operations Chris Crain senior vp, group publisher David Klein No boroughs. Yellow cabs are not graduate from high school. It’s —richard burns vp/production, manufacturing David Kamis willing to take you out of through early exposure that Interim executive director chief information officer Anthony DiPonio Manhattan or pick you up (in students absorb workplace PENCIL founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) secretary Merrilee Crain (1942-2012) FOR THIS WEEK’S QUESTIONS: CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send columns of 475 Go to www.crainsnewyork.com/poll to have your say. words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number.

10 | Crain’s New York Business | May 26, 2014 coping practices. For example, more than 90% of city workers contribute Teachers’ deal is nothing to the cost of their insurance. The city allows workers to retire well before age 65 if they have the req- hardly a bargain uisite number of years, and continues to provide the same coverage until re- tirees qualify for Medicare at age 65. ount me as a skeptic about the city’s collective- In New York state, only 10% of bargaining agreement with the teachers’ union. It private-sector companies offer health establishes the framework for wage increases and insurance to early retirees. And most state and local governments as well as health care savings for other unions as well. I ex- private-sector employers make re- pected the taxpayers to get something more. tirees contribute to their premiums. Administration officials are close-mouthed about the details New York City stands apart in offer- C ing them free care. of the $3.4 billion in health insurance savings during the 2015- Our generosity doesn’t end 2018 period the unions have consented to. I believe it’s there. When retirees turn 65, the city’s plans become a supplemental because they aren’t savings that you coverage to Medicare.The city pays and I would recognize. Recompet- the full cost of the Part B premium ing the insurance carrier, for exam- for retirees and their spouses. No ple,should be done in any case,as it’s other city does this, and only 11% of been many years since that hap- private employers in the state offer pened. Assuming equivalent cover- health coverage to retirees over 65. age (which the unions will insist on), Unlike pensions, which are sup- what exactly is the burden on the posed to be funded in an actuarially unions to realize these savings? sound way, retiree health care costs Similarly, more than $1.1 billion are funded on a pay-as-you-go basis. in “savings” are in the bag if the city’s That unfunded liability is huge and health care insurance rate rises by 6% growing rapidly—more than $92 instead of the 9% projected by the ALAIR TOWNSEND billion for the city’s public workers. city. Savings from an audit to ensure The collective-bargaining agree- that claimed dependents exist and ment does absolutely nothing about are eligible will also be included. Health care costs for active and re- any of this—except the parties say City officials say they want to tired workers have risen to $4.4 bil- the arbitrator could impose premi- bend the cost curve. In that case, lion this year from $3.7 billion in ums as a last resort if the savings they could have insisted on premi- 2010. These costs are the most rap- don’t materialize. Fat chance. um-sharing with active employees idly rising area of the city budget. Taxpayers will get more of the and a reduction in the lavish bene- Health care costs have been same.The can will get kicked down fits provided to city retirees.That’s a squeezing many employers, but the the road. There will be labor peace. curve worth taking a hammer to. city departs from the private sector’s The killer costs will still be out there.

NYC’S STRAGGLERS Key sectors still lag Sectors below their peak employment JOBS Government -74,700 the city’s recovery Manufacturing -33,900 Wall Street -24,500 he national economic story is simple,if depressing. Real estate -11,700 Five years after the Great Recession ended, the Law -9,500 country only two months ago recovered the total Construction -9,400 private-sector jobs lost, and remains 110,000 jobs Publishing -9,400 Break Away... shy of the 2008 peak. The New York story, as Wholesale trade -8,400 Notes: Most of these industries peaked in 2008, everyone knows by now, is much more satisfying. The city by then declined and have since recovered but not to T their 2008 peaks. Manufacturing has declined and make your business better mid-2011 regained all the jobs lost in what should locally be steadily since the 1990s; this sector’s loss is since 2006. The numbers for publishing represent the net called the Little Recession,and now can boast of 4 million work- loss since a 2006 peak. Source: Independent economist Barbara Denham ers, a record. But despite that rosy local picture, key sectors remain de- ⅷ The rest. It isn’t clear why real pressed. Here’s a rundown of what estate has declined. The decline in they are and why. legal jobs is probably permanent, as ⅷ Government. Like the nation,the the big firms can no longer com- city has seen a sharp decline in the mand astronomical hourly billing number of government workers.This rates from their corporate cus- is a good development if you believe tomers. Despite all those cranes the city’s public sector is bloated and constructing super-luxury condos, the tax burden too high. It can’t con- building activity remains well below tinue, however, because population the peak.Publishing is also probably growth will require more teachers and in a permanent contraction driven other public workers eventually. by the digital revolution.Wholesale ⅷ Manufacturing. The latest story GREG DAVID trade may be a victim of the residen- Industries served: line is that manufacturing has “sta- tial boom and rising costs that en- Financial Services . Manufacturing & Distribution . Technology

bilized’’because of the emergence of courage those firms to leave the city. 1RWIRU3URÀW . Retail . Construction . Architecture & Engineering . . homegrown specialty companies, ever. The regulatory clampdown on The bottom line is that most of Real Estate Healthcare Transportation & Shipping especially in Brooklyn.We will see if banking and securities is far from these sectors won’t become robust Media, Entertainment & Telecommunications that is true, but the recession clearly over and will almost surely lead to again.So the expansion of the econ- shrank the sector substantially. lower profits. Already, we are seeing omy remains dependent on the sec- ⅷ 488 Madison Avenue, New York, NY 10022 Wall Street. The bailout saved jobs leave the city—see the news tors that have led this recovery: re- 50 Jericho Quadrangle, Jericho, NY 11753 the securities industry from a story on Page 1—and lower profits tail, tourism, tech, film and movie www.grassicpas.com wrenching contraction, but not for- eventually mean smaller staffs. production, and higher education.

May 26, 2014 | Crain’s New York Business | 11 OPINION

THE REV. JACQUES ANDRE DEGRAFF on the hook for hundreds of millions It found that in 2013, trial lief to New York families because of of dollars in insurance costs and lawyers’special-interest groups spent the lack of insurance caused by this AND LOUIS J. COLETTI claims, classrooms fail to get built a record $1,147,139 lobbying New law.Make no mistake—the scaffold and our infrastructure crumbles, York state elected officials,a 9.7% in- law has directly and significantly there has been a serious lack of ac- crease over the previous year and up hindered our ability to help hun- Rebuild framework tion in the Legislature. 37% since 2010. They also gave a dreds of New Yorkers return home The reason—as Gov. Andrew whopping $1,280,639 in direct polit- after Superstorm Sandy.” Cuomo told Crain’s last month—is ical contributions to New York state The city’s School Construction for scaffold law the outsize political influence of the elected officials. You don’t have to be Authority will build 5,000 fewer trial bar in New York. a genius to figure out why reform classroom seats annually, and its A recent report by the Lawsuit isn’t being seriously considered this successful MWBE program, which he expression “Nero fiddled while Rome burned” Reform Alliance of New York titled legislative session. has awarded billions in contracts to seems appropriate for the current debate in Albany “The Power of Attorney: Exploring In the meantime, four nonprofit minority- and women-owned con- the Influence of the Trial Bar in New organizations seeking to provide re- tractors, is in jeopardy. over New York’s misnamed scaffold law. While York State Politics in 2014,” ana- building assistance to Hurricane Our reform proposals are fair and people lose jobs, minority- and women-owned lyzed the political contributions of Sandy victims wrote to the Legisla- reasonable. We want to change the business firms are placed at risk, taxpayers are kept trial attorneys in the state. ture, “We are unable to provide re- strict liability standard for accidents to comparative negligence, and pre- T serve the right of injured workers to sue their employer, bringing New York in line with every other state. We also want to require every worker to receive a basic OSHA safety course on all public and pri- vate construction sites. We want to increase the financial award to in- jured workers by establishing a SHOW TRANSACTION FEES scaffold-law fee schedule, as the Legislature did with medical mal- practice,and limit the amount of the award paid to trail attorneys. Albany needs to act now.The is- sue is simple. Legislators who vote for reform will help their con- stituents and small businesses create YOU MEAN jobs in their local communities. Those who don’t act are basically voting to support the needs of the trial attorneys and their continued desire to fatten their wallets.

The Rev. Jacques Andre DeGraff is first vice president of 100 Black Men. Louis J. Coletti BUSINESS is president and chief executive of the Build- ing Trades Employers Association.They are co-chairs of the Alliance for Minority and Women Construction Businesses.

CRAIN’S TO RANK FASTEST-GROWING NY-AREA COMPANIES IS YOUR COMPANY POTENTIAL FAST 50 MATERIAL? Crain’s is seeking entries from local companies for its annual Fast 50 ranking of the region’s fast- growing businesses. Entrants must have annual revenue of at least $10 million and demonstrate rapid three-year growth. Accounting firm Anchin

SM Block & Anchin will help Crain’s EMPLOY SPARK UNLIMITED BUSINESS CHECKING editors evaluate the entries. The deadline for submitting Switch today and get unlimited transactions so you never entries is June 9, 2014, and winners will be profiled in the Oct. pay extra for doing more business. Visit your local branch 13, 2014, issue of Crain’s and or capitalonebank.com/sparkbusiness. featured on www.crains newyork.com/fast50. A $250 minimum account opening deposit is required. Additional terms, conditions and eligibility standards apply. For more information on Visit a branch to get details and see if this account fits your business. Capital One, N.A., Member FDIC. eligibility, go to www.crains newyork.com/fast50faq.

12 | Crain’s New York Business | May 26, 2014 LARGEST COMPANIES INSIDE The List New York area’s largest publicly held companies PAGE 15 Shareholder Activism A look at recent demands made on local corporate REPORT managers PAGE 20 Cupcake chain goes stale Auditor: Formerly trendy Crumbs bloomberg news needs more bread NELL MINOW to be ‘going concern’

BY AARON ELSTEIN

Crumbs Bake Shop Inc. will hold its annual meeting on June 10 at the & midtown office of its accounting QA firm. It can’t be comforting for management to know that even the meeting’s host thinks the once-hot cupcake company is all but finished. Standing Citing growing losses and a fast-dwindling pile of cash, Crumbs’ accountants at Rothstein up for Kass say there is “substantial doubt about its ability to continue as a go- ing concern” in the company’s company most recent annual report. A new management team at Crumbs is trying feverishly to turn investors the ship around. Chief Executive Edward Slezak, who took over last fall, is closing underperforming Activist discusses stores and moving to sell Crumbs’ executive pay, other supersize cupcakes and other bak- ery goods in supermarkets. issues important “Without doubt, the levels of to shareholders accomplishment in the past have been disappointing,” Mr. Slezak said in a March conference call. ell Minow is about as “We are at an inflection point for zealous a corporate ac- our company and for our business.” tivist as a CEO is like- Crumbs didn’t respond to a re- ly to encounter. Hired quest for comment from Crain’s Naway from her position as a staff about the warning from its ac- lawyer in the federal Office of countant. The company is ranked Management and Budget in 1985 No. 289 on Crain’s list of the New by Labor Department official See CUPCAKE on Page 14 Robert Monks when he formed proxy advisory firm Institutional Shareholder Services, Ms. Mi- CRUMBS, INDEED now recalls knowing nothing Crumbs’ stock price since it about the subject of shareholder started trading publicly rights. But she was a quick study.

$15 At ISS and then at Lens, an in- vestment firm that targeted un- derperforming companies with 12 upside potential, the daughter of former Federal Communications 9 Chairman Newton Minow co- authored several books with Mr. Monks on how management 6 could improve returns by taking $0.38 shareholders’ interests more fully 3 to heart.Along the way,she devel- oped a successful sideline as a film reviewer. 0 7/1/2011 5/21/2014 Ms. Minow left Lens in 1999

Source: Yahoo Finance to co-found the Corporate Li- brary, a corporate-governance

buck ennis See ACTIVIST on Page 20

May 26, 2014 | Crain’s New York Business | 13 REPORT LARGEST COMPANIES

ny ran into financial difficulties. will be difficult to pull off because The problem wasn’t the size of the cupcake company is working The cupcake is crumbling the cupcakes,but the stores in which with a much smaller revenue base they were sold. Street and mall out- and its cash pile is shrinking quickly. lets averaged about 1,000 square Crumbs had $47 million in net Continued from Page 13 their birthday cakes,” Ms. Bauer ex- feet, according to company filings, sales last year and a $15 million loss, York area’s 300 largest public com- plained to NewYorkFamily.com. and Technomic’s Mr. Tristano said compared with $43 million in sales panies.(See Page 15 for the top 150. The neighborhood bakery soon one shop near Chicago measured and a $7.7 million loss the prior year. For the full list, see www.crains morphed into a big business, thanks 3,300 square feet. That meant high It chewed up $7.6 million of cash in newyork.com/lists.) in no small part to the Colossal rents and lots of extra space in places 2013, which explains how the While Mr. Slezak doesn’t appear Crumb—a beast measuring six inch- where shoppers seldom lingered. amount on its balance sheet de- to have much time to rescue Crumbs, es high and six inches wide—and in “Locations were much larger clined to $900,000 from $6.3 mil- all hope is not lost. The situation at 2008 the Bauers sold half their stake than necessary,” Mr. Tristano said. lion and why its accountant has Crumbs recalls that of another once- in Crumbs for $10 million. It’s a problem that Krispy Kreme sounded the alarm. hot purveyor of sweet, fatty snacks buck ennis In 2011,Crumbs was acquired for understood well. In 2003, when the Last October, a hedge fund that nearly crashed to earth before en- $66 million by a holding company stock peaked at nearly $45 a share called Cannell Capital bought a joying a surprising redemption: In 2011, Crumbs called 57th Street General Acquisi- and Fortune called Krispy Kreme 13% stake in Crumbs and declared Krispy Kreme Doughnuts. tion Corp. and taken public, with its “the hottest brand in America,” op- that it wished to “engage in a dia- “The story for both companies is was acquired stock peaking at around $14 a share. erators began opening doughnut logue” with the company. Two taking a single product with a high There were 34 Crumbs at the time, shops the size of a McDonald’s.That months later, the company appoint- craving factor and overinvesting in for $66 million and Mr.Bauer predicted there would was too big, considering customers ed Mr.Slezak,a former Aéropostale it,” said Darren Tristano, executive be 200 cupcake shops by 2014. weren’t sticking around after buying executive, as interim CEO and vice president at Technomic,a food- “Yummy mummies in cosmo- their box of highly addictive glazed eliminated the interim title this past focused consulting firm in Chicago. politan cities can’t get enough of the donuts for the office or home. March. But nothing has stemmed “Krispy Kreme was able to adjust, things—yet they maintain their the stock’s steady fall since the com- but it wasn’t easy.” shaw and her glamorous cohorts. gazelle-like figures,” wrote a gob- Looking ahead pany went public and Cannell cut its Crumbs tapped into that Zeit- smacked reporter for Britain’s Tele- Krispy Kreme responded by clos- stake in half. Crumbs shares trade Quite a craze geist in 2003 when a couple looking graph.The correspondent likely was ing stores, but management took for about 38 cents each on Nasdaq. Before embarking down the trail to change careers opened a bakery engaging in some wishful thinking years to fix its many problems. Be- Jason and Mia Bauer resigned in of Crumbs, it’s necessary to pay on the Upper West Side. Mia Bauer when it came to gazelle-like figures, tween 2005 and 2010, the company November 2012 from the company homage to the cupcake craze,a pop- had been a legislative counsel for the because one Crumbs vanilla cup- piled up than $400 million in losses, they started, though they retain an culture supernova along the lines of City Council in the 1990s, and her cake has 780 calories and 36 grams the stock plunged to a bit more than 8.5% stake through a Bauer Hold- the Atkins Diet or the dance song boyfriend (later husband) Jason of fat, according to NPR, or about $1 a share and annual revenues sank ings, a family investment vehicle. “Macarena.” Cupcakes were be- manufactured celebrity-branded the same as three pizza slices. in half,to $350 million.Krispy Kreme Earlier this month, Mr. Bauer coming such a thing that people products like Britney Spears bubble In any case, Crumbs’ red-velvet, has stabilized and last year generated launched a real estate brokerage started lining up outside the Mag- gum and ’N Sync lip balm. cookie-dough and other cupcakes $460 million in revenue, or about firm called Voda Bauer. nolia Bakery in the West Village to “The goal was to have a neigh- were alluring enough to open 21 two-thirds its peak in better days. “I’m disappointed with the com- sample the ones they’d seen enjoyed borhood bakery where I knew every- stores in Manhattan and about 50 Such a turnabout would obvious- pany’s performance and stock price,” on Sex and the City by Carrie Brad- body and their kids, and I made all others elsewhere before the compa- ly be great news for Crumbs. Yet it he said, “but I’ve moved on.” Ⅲ Is your company afraid of the “D” word?

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14 | Crain’s New York Business | May 26, 2014 THE NY Area’s Largest Publicly Held Companies LIST Ranked by annual revenue

  8Ua`R dRhR`gR 7`RqRHd `Rf V`PaYR 7`RqRHd 9H`W %aYbH`q fVPWRd eqYIaX iRIeVfR V` YVXXVa`e " PUH`TR V` YVXXVa`e " PUH`TR 1`Qgefdq`gYIRd aS RYbXaqRRe SVdYiVQR bloomberg news

CRdVra` %aYYg`VPHfVa`e 1`P    *+ #$ % #$ & ' !""( !)  No. 19             !" *+ TIME WARNER CABLE 285adTH` %UHeR / %a ,-.  * *+! +$ % +$ 4 ) !)' ! INC. Chief Executive   -) /       01"2) !3) !" * Robert Marcus has been 1`fRd`HfVa`HX $geV`Ree 5HPUV`Re %adb 56.   *""+  *$ %*+ $ ;"1(  ) 8 <<! 18(! in Washington of late,     7!3)8 9)8 /"    :"!"  making the case for an %VfVTdagb 1`P ;   *"+ #$ %* #+$ 4 ) !)' ! acquisition of the  -) /       ! 2(1!"   company by telecom 8UVXVb 5addVe 1`fRd`HfVa`HX -.  ** *!+" #$ %+* $ &:)!! ) 8 <8 ) 8 :  )2 18(!  -) /       1"!"  giant Comcast. Federal  regulators will decide #YRdVPH` 1`fRd`HfVa`HX )dagb 1`P /5=   *!+ ! $ %+ #*$ 5 () !   )        + )2!" * whether the $45 billion 5Rf4VSR 1`P .>&  + *!+"" #$ %*+ #$ 5 () ! deal—which would   -) /      ** " '< !" * provide cable television 8RbeV%a 1`P ->-   *+ #$ %* #$ 48 ) 8 :  )2 18(! to nearly a third of  / 8   ?'' 9)8 -(!3)    1 1 !!"  Americans and control 8SVrRd 1`P -4>   *+! *$ % #$ -3)")! ( !)' 40% of the country’s  >  8        1< !"  broadband—would 8dgQR`fVHX (V`H`PVHX 1`P -9@  +* *+ $ %** $ 5 () ! thwart competition.   6)8    ) ,  1(8 )'!"  )aXQYH` @HPUe )dagb 1`P =   *+!  $ %+ #*$  !(          + 2'8") )!3 !"  5adTH` @fH`XRq .  * *+!! #$ % #+$  !(   + 6)8)A     * "2) ) ' A!"  #YRdVPH` 'pbdRee %a /B-  * *+" #$ % #*$ 4 ) !)' !    A       + )" !) C1 !" *+ AVYR DHd`Rd 1`P & B  ++ *"+ " #$ %* #*$ >  ) "  " 8) ) 8  ' !   &" )  ;        " ) !"  AiR`fq(Vdef %R`fgdq (ap 1`P  47B/  + * +  #$ % #$ >  ) " ) 8 " 8)  C 3 /      * !<!" *

 bloomberg news AdHhRXRde %ae &9  +* *+" #+$ %* #+$ 5 () !  + D C 2  /        ) '  !" + No. 26 #XPaH 1`P //  +** *+ +$ %+ $ /'(" ) ) 8 )'(" (" 18(!  -) /       )'!)!" * A year ago, OMNICOM  GROUP INC. and France’s 0Ree %adb ?>  + *+! $ % #$ - ' ("  + C 3 /      * 3 !"  Publicis (led, respec- AVYR DHd`Rd %HIXR 1`P & ;  *+ *+ #$ % $ ;):' '   ) 8 ' !""( !)  tively, by CEOs John  * ;'(":( ;!'        " ) !):' !" * Wren, right, and Maurice 1PHU` '`fRdbdVeRe 5>-   *+! #$ % #++$ ?'8 2 !"1) A Lévy, left) touted their so-  * 4< 3 /        '1!"  called merger of equals, %aXTHfR8HXYaXVhR %a ;D   * + #$ % $ ? )' 3 ) 8 : )( A )8 as the best way to com-   -) /       !'2) 1)'"' !"  pete against Google. But $dVefaX5qRde @cgVII %a 6.  * *+! $ %* #+$ -3)")! ( !)' the deal fell apart   -) /       :" !" + because top officials $H`W aS 6Ri FadW 5RXXa` %adb 6E  + *+ #*$ % $ 6)  2 couldn’t agree on who   )''       +* : A" '' !"  would run the place. %$@ %adb ;6   *+! #+$ %+ #$ >  ) " ) 8 " 8)     8        !: !1)  !"  4aRie %adb D   *+ #$ % #+$ ?'8 2 !"1) A  ** .)8  /      * '  !" + 7Y`VPaY )dagb 1`P 7.;  * *+! #*$ % $ /8    2 )2 !   .)8  /       " !"2(1!" + CVHPaY 1`P  5/6  +* *+ " $ % #$ 4'" 18(!  ) 8 !):' '     6)8)A     * )!"!"  4 %aYYg`VPHfVa`e 0aXQV`Te 1`P DDD  * *+" $ %+ $ F < !  * &38 /      * '!"!" + %a`eaXVQHfRQ 'QVea` 1`P >F  ** *+ #$ %* *$ >' ! ! ) 8 2) ( ' A   5 2 -')!       ! 8  !" *+ bloomberg news 5HdeU / 5P4R``H` %ae ..;   *+ #+$ % #$ 5 () ! No. 34  ** C 3 /      * ""!!"  $RQ $HfU / $Rqa`Q 1`P  666 + *+++++ *+ #$ % $ ?( ) ) 8 3" <(  3 2 HERTZ GLOBAL HOLDINGS  * D:  A /  @   , + : 8:) 3) 8: A 8!" + INC. announced in 2013 #gfaYHfVP &HfH 8daPReeV`T 1`P  /F-   *+ #*$ %+ #$ F) ) 1!  2 that it would drive its   /F- 6'8 9 ') 8 , *+ )81!" * corporate headquarters 4RgPHQVH 6HfVa`HX %adb D@E  * *+! #$ %* *$ 5 () ! from Park Ridge, N.J., to   .)8  /       ' (!)8)!" * Estero, Fla. The company 0Rdfr )XaIHX 0aXQV`Te 1`P ?&   *+ " #$ %* #$ ;)  )' made the decision after   6) 6'8 -) 982  , ** 3  !"  acquiring Dollar Thrifty 'efsR 4HgQRd %ae  >D   *+! #+$ %+ #$ ? )' 3 ) 8 : )( A )8 Automotive Group,  * 4< 3 /        '!"1)  !"  based in Oklahoma. Up $XHPW9aPW 1`P 6DE  + *+! #$ % #$ 5  " )8! to 700 jobs will relocate   >  8        :')!!!"  from New Jersey. Florida 8gIXVP @RdhVPR '`fRdbdVeR )dagb 1`P ->=   *"+"! #$ % $ >' ! ! ) 8 2) ( ' A has a flat corporate tax + -) -') )  ) ,  1 2!" ++  rate of 5.5%, compared #ha` 8daQgPfe 1`P /-  + *"+" $ %* $ ? )' 3 ) 8 : )( A )8 with New Jersey’s 9%.   &38 /       ) !" * Continued on Page 16

May 26, 2014 | Crain’s New York Business | 15 THE LIST Largest Publicly Held Companies

  8Ua`R dRhR`gR 7`RqRHd `Rf V`PaYR 7`RqRHd 9H`W %aYbH`q fVPWRd eqYIaX iRIeVfR V` YVXXVa`e " PUH`TR V` YVXXVa`e " PUH`TR 1`Qgefdq`gYIRd aS RYbXaqRRe SVdYiVQR 0R`dq @PURV` 1`P ?5; * + *"+ #*$ %* #$ ? )' 3 !) 18(! ) 8 !   F(A ) 9)8 . '''    3 A !3  !" * #eegdH`f 1`P /5  + *"+  #*$ %++ #$ 5 () !   ;3) .) 3) ) -') )      ) () !" ** 6Rie %adb   /  + *!+!" #$ %* $ . 8) ) 8  ) "   C 3 /      *   !1!"  %aT`VrH`f ARPU`aXaTq @aXgfVa`e %adb ;&?  + *!+! #$ %+* #*$ < )   4)  6( 6'8 & ) ! , *** !2  ) !"  bloomberg news CaqH (V`H`PVHX 1`P 7/  + *!+ ! +$ %* #$ 5  " ") )2 " No. 41   -) /      * A)!"  The new NEWS CORP., 5HefRd%HdQ 1`P ./   *!+ #$ %* #$ -)A" '(  which Rupert Murdoch   -(!3)   -(!3)    ") !)8!" + split off from 21st 8C0 %adb  -?  + *!+! #$ % **$ /11) ' Century Fox to focus on 13!"    .)8  /      * publishing, is doubling $RPfa` &VPWV`ea` / %a  6FB  +*+ *!+ #$ % #$ . 8!)' G(1" ) 8 (11'  6 !  F  4) ' D)  ,  :8!"  down on e-books with  the recent $415 million @RHXRQ #Vd %adb >>  * * +"! #$ % $ -)!)2 2   9 < 6'8 >'"8 -) ,   )' 8)!"  purchase of Harlequin 1`fRdbgIXVP )dagb aS %ae 1`P 5-=   * + #$ %* $ /8    2 )2 ! Enterprises, a romance-   C 3 /      *  1(:'!!"  novel publisher. Third- 9HXbU 4HgdR` %adb  9D  + *+"! #$ % #$ /11) ' quarter income fell, but  * .)8  /       )'13')( !"  hit titles helped results $Hd`Re / 6aIXR 1`P * 6E  * *+!" $ %+ $ 6  look better than   4< 3 /       :) ) 8 :'  !!" + expected. Chief $XHPWefa`R )dagb 6B  + *+ #*$ % #+$ 4 ) !)' ! Executive Robert   -) /       :')!  !"  Thomson defended the (aaf 4aPWRd 1`P  4D   *+ #$ % #+$ 3  focus on the written     3        < '!  !!" + word, saying there is %RXTR`R %adb ;>D= + * *+"" #$ % $ 613)")! ( !)' “no doubt that book  +* . /  (""  ,  ! '2 !"  publishing is %HIXRhVeVa` @qefRYe %adb ;; * + *+ #*$ %* #$ ;):' '   ) 8 ' !""( !)  transitioning   ) /  6 31)2    !):'   !" *  successfully to digital.”

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American Airlines, aa.com and the Flight Symbol logo are marks of American Airlines, Inc. oneworld is a mark of the oneworld alliance, LLC. © 2014 American Airlines, Inc. All rights reserved.   8Ua`R dRhR`gR 7`RqRHd `Rf V`PaYR 7`RqRHd 9H`W %aYbH`q fVPWRd eqYIaX iRIeVfR V` YVXXVa`e " PUH`TR V` YVXXVa`e " PUH`TR 1`Qgefdq`gYIRd aS RYbXaqRRe SVdYiVQR 0HdIV`TRd )dagb 1`P  ?9=  *+ *+ #$ %+ $ ?( 3'8 18(!   -) /       3): 2 2(1 !!"  2Rf$XgR #VdiHqe %adb  ,6D@ + +* *+ #$ %*+ #$ /'   H( -') )  3 D 2 5 ') 8 ; A   0 :'( !" ++ #XXRTUH`q %adb   * *+"  #*$ %*+ $ 5 () ! " )' 18(!   &" G()      * )'' 23) A!" + 5P)dHi 0VXX (V`H`PVHX 1`P .?45   *+!  #*$ %* #$ -(:' 3 2 ) 8  <")  !   C 3 /       "3<!"  #$5 1`QgefdVRe 1`P  /6.   *+!" #+$ % #*$ >  " )' ) 8 <)!'  !   4< 3 /      * ):"!"  %afq 1`P  ;7&  + *+" #+$ %*+ $ ? )' 3 ) 8 : )( A )8   4< 3 /      + ! A!"  %# 1`P  ;/ +  *+ *$ % #$ < )

  ;/ -') ) 5 ') 8)   !)!" * buck ennis AVSSH`q / %a  &54  + *+ #*$ %+ *$ ,  'A  No. 50  4< 3 /        <<) A!" *  A big question in the EqXRY 1`P BD   *+!  #$ %+ $ 4'(8 !3 '2A ) 8 G(1" '(   5  )  )' F  9A 6   CA' " !!"  book business  nowadays is how much @VdVge @HfRXXVfR 9HQVa 1`P 595  + *+ "" #$ % +$ ) '' )8   C 3 /        ( C"!"  longer BARNES & NOBLE #baXXa )XaIHX 5H`HTRYR`f /-7   *+  #$ %* #$ 4 ) !)' ! INC. can survive. The     3        )2"!"  bookseller is closing AaiRde DHfea` / %a  &    *+"! #$ %++ #$ -<  )' ! stores, including its West  + &38 /          )  !"  Village location on Sixth %1A )dagb 1`P ;5&  * *+  $ %* $ ;"" !)' ) 8 ! ("  < ) ! Avenue, and Chairman     8       * ! !"  Leonard Riggio recently #``HXq %HbVfHX 5H`HTRYR`f 1`P D  ** *+! $ % #$ 9 )' )   " ( sold nearly a quarter of   C 3 /      * ) )'A!" + his shares. Mr. Riggio @qefRYHp 1`P B * *+ *+ $ %+ $ ;"1(  ) 8  ') 8 18(! insists his company has   ?): -) F  - ) 3 2      A ")C!"  a promising future, but 6HeQHc 75E )dagb 1`P F/H  + *+ #$ %+ #$ >' !  ! ! ") it’s increasingly hard to   D:  A -') )     *  ) 8)G"C!" * see what it is. Continued on Page 18 THE LIST Largest Publicly Held Companies

  8Ua`R dRhR`gR 7`RqRHd `Rf V`PaYR 7`RqRHd 9H`W %aYbH`q fVPWRd eqYIaX iRIeVfR V` YVXXVa`e " PUH`TR V` YVXXVa`e " PUH`TR 1`Qgefdq`gYIRd aS RYbXaqRRe SVdYiVQR bloomberg news %9 $HdQ 1`P 6;9 + + *+" #$ %*++ #$ . 8!)' G(1" ) 8 (11' No. 90   ; )' /  .()A ?'' ,  !:)8!"  These are halcyon days 1#%1`fRd#PfVhR%adb 5/;5   *+ #$ %++ #$ & '   ) 8 5    in private equity, with    + 3        )!!"  firms like KKR & CO. 5aaQqFe %adb .;7   *+"  #+$ %+ #**$ ; 8 )  2 )2 !A reaping vast sums from   = !3        "8A !" + selling companies they 1`fRd`HfVa`HX (XHhade / (dHTdH`PRe 1`P 544  * *+"" #$ % #$ / <!)' <') ) 8 )") acquired years ago. Co-    3        <<!" *  founder Henry Kravis was (adRef 4HIadHfadVRe 1`P  49B  + *+"" $ % $ -3)")! ( !)'  &38 /       <C!" + paid more than $160  million last year, or eight #YAdgef (V`H`PVHX @RdhVPRe 1`P /45   *+" " #*$ % #*$ 5 () !   .)8 D)      + )" ( 2(1!" + times more than 8HXX %adb + -DD * + *+! $ % #+$ 5 8( )' G(1" JPMorgan CEO Jamie   ?): -) F  - ) 3 2     1)''!" + Dimon, and recently the Cad`HQa 9RHXfq Adgef 7  + *+ *$ %* $ 9 )' )   " ( firm decided to offer  +++   3 /        !" * access to its buyout $)% 8Hdf`Rde 1`P 6=;- ** * *+"! #$ % #$ 6 )2 ! funds to individual   -) /       :2!1)  !" *+* investors. That could be 1AA %adb 5&&  * *+"" #$ %++ #+*$ F < A " ) 8 ! a sign that the buyout  !3  /  3 -')   *  !"  boom has peaked. #`` 1`P  /   *+" #$ % $ /11) '    &" G()      * )  !!" + 5@% 1`QgefdVHX &VdRPf %a  .. * + *+  #$ %+ +$ 5 8( )' 18(!   .)C 9)8 . '''    " !8 ! !" * $daHQdVQTR (V`H`PVHX @aXgfVa`e 1`P  69 *  *+! #$ % #*$ F) ) 1!  2 ) 8 ( (! 2  + .)!( /  D) (!!    :)882 !" * #74 1`P /7D  ** *+"" #+$ % $ : !   6)8)A      !1)'!"  B`VhRdeHX #YRdVPH` %adb @/.   *+ $ % $ 5 () !   ( 3 6)8)A 3 -')   * (   )')" !) !"  9RTR`Rda` 8UHdYHPRgfVPHXe 1`P 9>=   *+ #$ % $ 613)")! ( !)' bloomberg news   7'8 ) .'' 9  9)8 &)A      2  !"  No. 107 CaXf 1`SadYHfVa` @PVR`PRe 1`P  55   *+"" *$ % $  )<< 2 ! The business * C 3 /      + ' !"   community’s anxiety #sdabaefHXR 1`P  /97 ** + *+"" $ %+ $ /11) '     3        ) 1 )' !"  over the election of left- leaning Mayor Bill de 'HAdHQR (V`H`PVHX %adb >&4; **  *+"! $ %+* $ 4 ) !)' !  C 3 /        )8 !"  Blasio is “overblown,” SL GREEN REALTY CORP. 339 / %a EE9  + *+"! #$ %* #$ 4 ) !)' !    3        !"  Chairman Stephen Green 6Ri FadW %aYYg`Vfq $H`Padb 1`P ;6 * *+ *+"" $ % $ 6)  2 told investors in  * . ! /  :(A   "A A!:!" + December. One of the 7PUGVSS %HbVfHX 5H`HTRYR`f )dagb 7.   *+!"" #*$ %*+ $ 5  " )8! city’s largest office     3         !)1!" * landlords, SL Green was )dVSSa` %adb  =44   *+!  #$ %+ $ .) )2 " ) 8 3'8 2 !"1) A let down when plans to   4< 3 /       2<< !1!"  rezone midtown east @PUaXHefVP %adb  ;?D  * *+ " *$ % **$ -(:' 3 2 were foiled late last year   6)8)A       !3') !!" * by the City Council. But %UVXQdR`Fe 8XHPR 9RfHVX @fadRe 1`P  -D;>  + *+ ! $ % *$ /11) '  company President   -') ) F   !)(!(  ,  !3'8 1')! !" * Andrew Mathias said he * 2aU` DVXRq / @a`e 1`P , /  +* *+ ! $ % $ -(:' 3 2 expects a new plan for  9    ?:  ,  ' A!"   East Side development 0HV` %RXRefVHX )dagb 1`P  ?/5 * + *+  #$ % #$ 48 ) 8 1   )' !) 18(!  .)!( /  D) (!!    3) ! ' )'!" ** to be in place by the end  of 2014. DRVTUf DHfPURde 1`fRd`HfVa`HX 1`P  &   + *+  *$ % $ 23 ' ! * C 3 /        23 ) !3    )  )'!"  )111 #bbHdRX )dagb 4fQ  =555   *+ ! #+$ % #*$ /11) '    3 /      + 2!" + #fXHe #Vd DadXQiVQR 0aXQV`Te 1`P //   + *+" #$ %+ +$ =':)' )< 23   !3  /  -(!3)    ) ') )!"  &g` / $dHQefdRRf %adb F6   *+ $ %+ $ 5 <")  !    ,4E -))A 3 ?''  , + 8 :!" * 1&A %adb + 5F&  + *+ #*$ %* $ & ' !""( !)  buck ennis    6)8    ) ,  8   No. 110 CRdVeW #`HXqfVPe 1`P 9E  * *+" #$ %+ #+$ 9 ") )2 " !  ) 3 2  6'8 ,  A ; A ,    !"  An annual property-tax   break that MADISON #5% 6RfiadWe 1`P /.;B  + *+"" #$ % #$ ;):' '   ) 8 <'"    - -') )      )"!  !"  SQUARE GARDEN CO. has AUR 6Ri FadW AVYRe %a &  * *+  $ %* $ -(:' 3 2 enjoyed since the early   * >23 3 /      +  A !!"  1980s could be in 9RhXa` 1`P 9>   *+" #$ %+ $ ? )' 3 ) 8 : )( A )8 jeopardy as the City    -) /        ' !" * Council weighs a @4 )dRR` 9RHXfq %adb D=   *+! #$ %* $ 9 )' )   " ( resolution calling on    D C 2  /        '2 !" * Albany to end the CVXXHTR @gbRd 5HdWRf 1`P + D=>/  * *+  #+$ %+ +$ =! A  incentive. Gov. Andrew   .( ) /  1 2< '8 , +  31 !" * Cuomo and the state 0gQea` %Vfq $H`Padb 1`P ?;6E  * *+ *$ %+ $ 6)  2 Legislature are said to  + ; (A 9)8 -))"(  , * 3! : ' !" + support continuing the 5HQVea` @cgHdR )HdQR` %a  .=  ** *+! #$ % #*$ 1   ) " ) 8 " 8) Garden’s tax exemption,   - -') )       3 2)8 !" ++ which has cost the city @fRhR` 5HQQR` ?77 + *+ *+"" #$ % #$ 4  ) about $360 million   ")88 !" +*  * 6) /  D 2 5 ') 8 ; A   during the past 30 years.

18 | Crain’s New York Business | May 26, 2014   8Ua`R dRhR`gR 7`RqRHd `Rf V`PaYR 7`RqRHd 9H`W %aYbH`q fVPWRd eqYIaX iRIeVfR V` YVXXVa`e " PUH`TR V` YVXXVa`e " PUH`TR 1`Qgefdq`gYIRd aS RYbXaqRRe SVdYiVQR %$@ 7gfQaad #YRdVPHe 1`P ;67  * *+" #$ % #*$ /8    2 )2 !   D C 2  /       !: ( 8!"  (adfdRee 1`hRefYR`f )dagb 45=  +* *+ #$ % #*$ 5  " ") )2 "   C 3 /       <  !"  3HfR @bHQR / %a E/&>  *+" #$ % $ /11) '   6)8)A     + ) 1)8 ) 8!"1) A!" *+ #YIHP (V`H`PVHX )dagb 1`P /.6;  **+ *+ #+$ %+ $ 5 () !    )   -') )      )":)!!"  bloomberg news AHWRAia 1`fRdHPfVhR @aSfiHdR 1`P  && 7 ** *+ *+ #$ % $ < ) No. 137  * 6)8)A       ) 2)" !"  Centuries-old auction 3VYPa 9RHXfq %adb E5. * +* *+ #$ %* $ 9 )' )   " ( house SOTHEBY’S called     ?A8 -) 9)8   ?A8 -)   "! )' A!"  a truce in May after a $dVpYad 8dabRdfq )dagb 1`P 69B +* *+  #$ % $ 9 )' )   " ( protracted proxy war with   D C 2  /       :C"!" * activist investor Daniel  #'8 1`QgefdVRe 1`P />-5  *** *+" +$ % *$ -') ! 1)!)2 2 18(! Loeb. Mr. Loeb, founder   ;3 ( 982 9)8 . )'  , * ) 1 !!" * of hedge fund Third Point  @Vda`H &R`fHX @qefRYe 1`P 597 + + *+ #$ %* #*$ F )' G(1" and an avid art collector,   3 /  D 2 5 ') 8 ; A     )!" *  had called for the ouster @PVR`fVSVP )HYRe %adb =.   *+"" #$ % $ )2  2 ) 8 ' A A " of Chief Executive   D C 2  /        ! <!2)" !"  CVfHYV` @UabbR 1`P 5  +*+ *+!  #$ %** #$  )" ) 8 (   )' (11' " William Ruprecht since       3 6 2  ,   )" 311 !" + October, questioning the 5HPcgHdVR 1`SdHefdgPfgdR %a .5;   *+ #$ % #*$ /1 ! company’s strategy and     3        ")!G() !"I"!  top executives’ 5@%1 1`P .;5  + *+ #$ %* #+$ 4 ) !)' ! extravagance. 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May 26, 2014 | Crain’s New York Business | 19 REPORT LARGEST COMPANIES

Activist stands up for investors ALPHABETICAL LISTING OF FIRMS

COMPANY RANK COMPANY RANK Continued from Page 13 essential.Say on pay is nice,and cer- shareholders, if they haven’t got 1-800-Flowers.com Inc...... 144 JPMorgan Chase & Co...... 2 consultancy,and in 2010 merged the tainly a lot of companies have something better to do with it, and firm with two others, Governance- amended their pay to make sure that when they need money for R&D, Aéropostale Inc...... 88 Kate Spade & Co...... 114 Metrics International, which had a they didn’t get votes that would em- they can borrow it. ABM Industries Inc...... 59 KCG Holdings Inc...... 125 large global database, and Audit In- barrass them. On the other hand, AEP Industries Inc...... 119 Kimco Realty Corp...... 117 tegrity, which specialized in ac- you have a company like Oracle, Q: There are all kinds of reasons that Aeroflex Holding Corp...... 150 KKR & Co...... 90 counting, to form GMI Ratings. where 87% voted against a pay plan get trotted out, from regulatory Alcoa Inc...... 17 L-3 Communications Holdings Inc...... 28 Clients range from institutional in- for two years in a row,and they aren’t uncertainty to repatriation tax on Alleghany Corp...... 57 Leucadia National Corp...... 33 foreign earnings. Do you think vestors to insurance companies that doing anything about it.That’s what Ambac Financial Group Inc...... 115 Loews Corp...... 25 compensation schemes that tie pay provide liability coverage for corpo- nonbinding means. AMC Networks Inc...... 104 Macquarie Infrastructure Co...... 123 rate directors and officers. closer to performance would change American Express Co...... 13 Crain’s contributing editor Q: What do you say to CEOs who argue that behavior? Madison Square Garden Co...... 110 Ronald Fink recently interviewed that too much shareholder activism is A: Our compensation schemes are American International Group Inc...... 6 Marsh & McLennan Cos...... 30 Ms. Minow about the growing in- focused on the short term? not designed to get executives to fo- AmTrust Financial Services Inc...... 76 MasterCard Inc...... 44 fluence of activist investors over gov- A: If you don’t want to expose your- cus on cash in a rational way. It’s in- Ann Inc...... 81 MBIA Inc...... 131 ernance. self to that kind of scrutiny, I have a sane to make any kind of an option Annaly Capital Management Inc...... 68 McGraw Hill Financial Inc...... 58 lot of other financing options for grant that isn’t indexed to the peer AOL Inc...... 84 MetLife Inc...... 7 Q: How much progress has there been you, like going private. But I guar- group. Apollo Global Management...... 65 Minerals Technologies Inc...... 127 on these issues and where do you see antee, your private-equity partners Ares Capital Corp...... 136 Monster Worldwide Inc...... 140 the biggest gaps remaining? Q: Is there a conflict between are going to be just as hard on you Assurant Inc...... 40 Moody’s Corp...... 73 A: When I got into this business, every day. shareholders and other stakeholders O.J.Simpson was on five boards,in- such as employees, customers and even Atlas Air Worldwide Holdings Inc...... 100 Morgan Stanley ...... 12 cluding an audit committee. Tom Q: What about Apple? taxpayers? Automatic Data Processing Inc...... 32 MSC Industrial Direct Co...... 82 Wyman, former CEO of CBS, told A: Apple should not be sitting on A: Any company that ignores the Avon Products Inc...... 38 MSCI Inc...... 124 me that when he was on the board of [more than $100 billion in] cash. If interest of its employees, its cus- Bank of New York Mellon Corp...... 23 Nasdaq OMX Group Inc...... 70 General Motors, it was presenta- I want cash,I can have a piggy bank. tomers, its community, is not going Barnes & Noble Inc...... 50 National General Holdings Corp...... 132 tion, presentation, presentation, to benefit the shareholders for very Becton Dickinson & Co...... 46 New York & Company Inc...... 130 pick up your new car, go home.The Q: What about the need for research long. That’s a sustainability issue Bed Bath & Beyond Inc...... 31 New York Community Bancorp Inc...... 91 and development that Steve Jobs often reforms brought on by Dodd-Frank just like access to resources is a sus- BGC Partners Inc...... 79 The New York Times Co...... 105 and Sarbanes-Oxley have mostly talked about—that Apple’s ability to pay tainability issue. Sustainability is a Bio-Reference Laboratories Inc...... 146 News Corp...... 41 been very good. On the other hand, its overseas vendors in cash gets it to “going concern”issue.Tobacco used I could never have imagined that the front of the line in quickly developing to be kind of nice to have and then BioScrip Inc...... 138 NorthStar Realty Finance Corp...... 145 pieces of CEO pay would get to be products? all of sudden it was a real liability. BlackRock Inc...... 36 Och-Ziff Capital Management Group ...... 92 as bad as they are. A: Then spend it. Buy something, Blackstone Group ...... 51 Omnicom Group Inc...... 26 invest in something, create some- Q: What do you think of the recent Bristol-Myers Squibb Co...... 22 Oppenheimer Holdings Inc...... 126 Q: The SEC’s “say on pay” requirement thing, but don’t sit on it. batch of Wall Street movies? Brixmor Property Group Inc...... 118 Overseas Shipholding Group Inc...... 128 that gives shareholders a vote on A: I enjoyed Wolf of Wall Street.I Broadridge Financial Solutions Inc...... 83 Pall Corp...... 77 executive pay is nonbinding. Q: So many companies are sitting on thought the most accurate feature C.R. Bard Inc...... 71 PepsiCo Inc...... 8 A: cash right now. We absolutely need majority- film was Margin Call. But my fa- CA Inc...... 61 Pfizer Inc...... 9 vote requirements [that subject ex- A:They might as well be sending an vorites are the documentaries like Cablevision Systems Corp...... 54 Philip Morris International ...... 5 ecutive compensation to sharehold- engraved invitation to the activists. The Flaw and Inside Job. You can’t er approval]. That’s absolutely Let them return their cash to the make this stuff up. Ⅲ CBS Corp...... 24 Prudential Financial Inc...... 10 CBS Outdoor Americas Inc...... 112 Public Service Enterprise Group Inc...... 37 Celgene Corp...... 53 PVH Corp...... 45 LOCAL BATTLES Children’s Place Retail Stores Inc...... 95 Ralph Lauren Corp...... 49 CIT Group Inc...... 67 RCS Capital Corp...... 135 Recent shareholder moves against management at New York area companies Citigroup Inc...... 4 Regeneron Pharmaceuticals Inc...... 86 Cognizant Technology Solutions Corp...... 42 Revlon Inc...... 106 Company/ Announce Dissident group date Outcome Colgate-Palmolive Co...... 21 Scholastic Corp...... 94 Consolidated Edison Inc...... 29 Scientific Games Corp...... 121 Ann Inc./ 3/20/14 In a letter to the company, Golden Gate said it was pleased with Golden Gate Capital Management management and looked forward to working collaboratively Coty Inc...... 60 Sealed Air Corp...... 47 and constructively with it as a long-term public investor. Dun & Bradstreet Corp...... 101 Signature Bank ...... 142 Trans World Corp./ 3/17/14 Mr. Miller, a 24.2% holder, intends to nominate a full slate of six candidates E*Trade Financial Corp...... 89 Sirius Satellite Radio Inc...... 64 Lloyd I. Miller III to the board at the 2014 annual meeting. The company has agreed to nom- Estée Lauder Cos...... 35 Sirona Dental Systems Inc...... 120 inate one member recommended by Mr. Miller. Evercore Partners Inc...... 143 SL Green Realty Corp...... 107 BioSpecifics Technologies Corp./ 3/7/14 Stonepine requested membership on the board and more recently Fairway Group Holdings Corp...... 147 Sotheby’s ...... 137 Stonepine Capital Management told the company it has expertise and experience that may be Foot Locker Inc...... 52 Standard Motor Products Inc...... 129 beneficial in maximizing shareholder value. Forest Laboratories Inc...... 75 Steel Partners Holdings ...... 141 Chimera Investment Corp./ 2/24/14 Omega discussed options with the board for enhancing shareholder Fortress Investment Group...... 113 Steven Madden ...... 111 Omega Advisors Inc. value through various strategic alternatives, improving the issuer’s GFI Group Inc...... 134 Systemax Inc...... 69 operational and financial execution, and general corporate matters. G-III Apparel Group Ltd...... 99 Take-Two Interactive Software Inc...... 116 Time Warner Cable Inc./ 1/13/14 In a proxy fight for all 13 board seats in support of a hostile cash-and-stock Goldman Sachs Group Inc...... 11 Tiffany & Co...... 62 Charter Communications Inc. bid by Charter, Time Warner soon found a white knight in Comcast. Charter then withdrew its nominations and bid as part of a three-way deal Griffon Corp...... 93 Time Warner Cable Inc...... 19 under which it will acquire subscribers from Comcast. Hain Celestial Group Inc...... 97 Time Warner Inc...... 14 Aéropostale Inc./ 11/21/13 Crescendo intends to nominate directors for the upcoming 2014 annual Handy & Harman Ltd...... 149 Towers Watson & Co...... 66 Crescendo Partners meeting in support of a campaign urging Aéropostale to commence a sale Harbinger Group Inc...... 55 Travelers Cos...... 16 process. The company has responded by raising cash from private equity. Henry Schein Inc...... 39 Twenty-First Century Fox Inc...... 15 National Holdings Corp./ 11/21/13 Iroquois intended to discuss potential transactions the company could Hertz Global Holdings Inc...... 34 Universal American Corp...... 85 Iroquois Capital Management consider to maximize shareholder value. Iroquois announced its intent to Hess Corp...... 18 Verint Systems Inc...... 133 nominate three candidates for director elections at the 2014 annual meeting. Hudson City Bancorp Inc...... 109 Verisk Analytics Inc...... 103 Crumbs Bake Shop Inc./ 10/15/13 Cannell Capital disclosed a 13.14% stake in Crumbs Bake Shop Inc. Hudson Global Inc...... 148 Verizon Communications Inc...... 1 Cannell Capital Cannell said it sent a communication to management but did not IAC/InterActiveCorp ...... 72 Viacom Inc...... 27 elaborate on any specific intentions. Cannell later reduced its stake. Icahn Enterprises...... 20 Village Super Market Inc...... 108 Hudson Valley Holding Corp./ 10/15/13 Basswood, a 9.7% holder, met with management and requested that a IDT Corp...... 102 Vitamin Shoppe Inc...... 122 Basswood Capital Management Basswood member be added to the Hudson Valley board. Five months later, the company added a Basswood principal to the board. International Business Machines Corp...... 3 Volt Information Sciences Inc...... 87 International Flavors & Fragrances Inc...... 74 Vornado Realty Trust ...... 78 PepsiCo/ 4/19/13 Trian, a 1% holder, urged PepsiCo to acquire Mondelez, with the Trian Fund Management merged company then moving to spin off its beverage unit. Interpublic Group of Cos. Inc...... 48 VOXX International Corp...... 139 Trian added that PepsiCo should spin off its beverage unit ITT Corp...... 80 Voya Financial Inc...... 43 even if the merger didn’t happen. JetBlue Airways Corp...... 56 Weight Watchers International Inc...... 98 Source: FactSet John Wiley & Sons Inc...... 96 Xylem Inc...... 63

20 | Crain’s New York Business | May 26, 2014 FOR THE RECORD

order to the New York City School landlord, RFR, was represented by Lee same period, he sold 4,401,926 shares of Construction Authority.To make Cross, Stephen Eynon, Evan Haskell, common stock at prices ranging from ABOUT THIS SECTION inquiries, contact Lily Persaud at Mary Ann Tighe and Gregory Tosko, $56.09 to $57.56 per share, in a FOR THE RECORD is a weekly listing of information from the public record that (718) 752-5852 or [email protected]. also of CBRE. The asking rent was $87 transaction worth $250,240,256. He can help businesspeople in the New York area find opportunities, potential per square foot. now directly holds 8,829,690 shares. ● Triborough Bridge and Tunnel Authority new clients and updates on competitors. Seeks competitive sealed proposals by ● Zelman & Associates signed a 9,800- ● Universal American Corp. (UAM) To ask questions or get more information on this section, contact Crain’s 3:30 p.m. on June 3 for design and square-foot lease at 330 Madison Ave. in Capital Z Partners Management sold research department at [email protected]. construction support services for Project midtown. The real estate research firm 13,970,240 shares of common stock at VN-34, main cable and suspender rope will nearly double its space when it $6.03 per share between May 12 and inspection at the Verrazano-Narrows moves to the 34th floor from its 5,200- May 13, in a transaction worth York. Information was obtained from U.S. Bridge. To make inquiries, contact square-foot space on the 20th floor at $84,240,544. It now indirectly holds NEW IN TOWN Bankruptcy Court records available on Victoria Warren at (646) 252-7092 or Vornado Realty Trust’s tower. The 2,490,540 shares. Public Access to Court Electronic Records. [email protected]. tenant was represented by Alex Cohen Companies that would like to have details Listings are in alphabetical order. of Cushman & Wakefield.The landlord ● Scientific Games Corp. (SGMS) of openings published should submit GOODS AND SERVICES was represented in-house by Andrew Ronald Owen Perelman, chairman, descriptions following this format to ● Caribbean Wave Inc. ● City University of New York Ackerman, as well as Frank Doyle and purchased 1,750,000 shares of common [email protected], with 61 Chestnut Ave., Staten Island Requests proposals by 2 p.m. on June 5 David Kleiner of Jones Lang LaSalle. stock at prices ranging from $8.95 to “New in Town” in the subject line. Filed for Chapter 7 bankruptcy for an integrated marketing plan for The asking rent for the space was $80 $9.73 per share between May 9 and May protection on May 19. The filing cites Hostos Community College. Bidders per square foot. 14, in a transaction worth $16,185,015. ● By Suzette estimated assets of $0 to $50,000 and must conduct market research and He now indirectly holds 34,295,700 78 Chambers St., Manhattan estimated liabilities of $100,001 to develop a strategic communications and RETAIL shares. The French creperie opened in TriBeCa. $500,000. The creditor with the largest branding plan.To make inquiries, contact ● The Hunt and Fish Club signed a 10- It serves sweet and savory crepes filled unsecured claim is MN Airlines, owed Kevin Carmine at (718) 319-7965 or year lease for 10,000 square feet at 125 ● Vornado Realty Trust (VNO) with ingredients like ham, cheese, $150,000. [email protected]. W. 44th St. in the theater district. The Joseph Macnow, executive vice Bolognese sauce or salted caramel. high-end steak and seafood restaurant president, finance, and chief ● Kids by the Bunch Ltd. ● Housing Authority will occupy the ground floor and lower administrative officer, sold 72,321 shares ● Camp David 49 Forest Ave., Glen Cove, L.I. Seeks competitive sealed bids by 10 a.m. level of the AKA Times Square hotel, of common stock at prices ranging from 221 Avenue B, Manhattan Filed for Chapter 11 bankruptcy on June 5 at various community centers previously occupied by Dopo Teatro $105.66 to $105.76 per share on May The bar and lounge named for its owner, protection on May 15. The filing cites for preventive maintenance of HVAC Italian Eatery. Both the landlord, AKA 14, in a transaction worth $7,648,565. David Lopez, opened in the East Village. estimated assets of $0 to $50,000 and systems at police system areas for two Times Square, and the tenant were He now holds 33,167 shares. It serves Venezuelan tapas. estimated liabilities of $100,001 to years. Bid documents are available at represented by James Famularo of $500,000. The creditors with the largest www.nyc.gov/html/nycha/html Eastern Consolidated. Asking rents at ● L-3 Communications Holdings (LLL) ● Horchata unsecured claims are Morritt Hock & /business/business.shtml. Nonelec- comparable spaces in the vicinity are as Michael T.Strianese, chairman, 470 Sixth Ave., Manhattan Hamroff, owed $156,864.63; Resovia tronic bid documents are subject to a much as $250 per square foot. president and chief executive, exercised The Mexican restaurant opened in Systems, owed $5,313.66; and the nonrefundable $25 fee, payable to options on 60,000 shares at $70.53 per Greenwich Village. It serves quesadillas, Premins Co., owed $4,683.12. NYCHA by cash, check or money order. share on May 14, in a transaction worth guacamoles and tacos filled with braised To make inquiries, contact Erneste STOCK TRANSACTIONS $4,231,800. On the same day, he sold short rib or tortilla-crusted tuna, and ● Sellect Commerce Pierre-Louis at (212) 306-3609 or 60,000 shares of common stock at offers spiked horchata cocktails. 35 Great Jones St., Manhattan [email protected]. Following are recent insider transactions at $120.70 per share, in a transaction worth Filed for Chapter 11 bankruptcy New York’s largest publicly held companies $7,242,000. He now directly holds ● Mokbar protection on May 16.The filing cites filed with the Securities and Exchange 150,613 shares. 75 Ninth Ave., Manhattan estimated assets of $0 to $50,000 and REAL ESTATE DEALS Commission by executives and major The takeout restaurant opened in estimated liabilities of $1,000,001 to $10 shareholders. Listings are in order of ● Moody’s Corp. (MCO) Chelsea. It serves Korean ramen topped million.The creditors with the largest Companies that would like to have details of transaction value.The information was Raymond W. McDaniel Jr., president with braised pork, spicy tofu or seasonal unsecured claims are King & Partners, their recent transactions appear in these obtained from Thomson Reuters. and chief executive, exercised options on kimchis. At night, it offers sit-down owed $881,684; Cyrus Innovation, owed listings should email descriptions following 83,750 shares at $41.69 per share on service, beer and soju. $135,220; and Suhkchander Khanna, this format to MSingleton@crainsnewyork ● CBS Corp. (CBS) May 12, in a transaction worth owed $11,666.66. .com, with “Real estate transaction” in the Sumner Redstone, executive chairman, $3,491,370. On the same day, he sold subject line, or enter them online at exercised options on 4,401,926 shares at 83,750 shares of common stock at COMPANY MOVES ● Shivon, dba Twin Donut crainsnewyork.com/submitadeal. Deals are prices ranging from $5.20 to $30.21 $83.64 per share, in a transaction worth 3396-98 Jerome Ave., Bronx listed in order of square footage. between May 12 and May 14, in a $7,004,599. He now directly holds Companies that would like to have details Filed for Chapter 11 bankruptcy transaction worth $66,406,200. In the 220,707 shares. Ⅲ of recent moves published should submit protection on May 14. The filing cites COMMERCIAL descriptions following this format to estimated assets of $50,001 to $100,000 ● K2 Intelligence signed a nine-year deal [email protected], with and estimated liabilities of $500,001 to for 30,400 extra square feet at 845 Third “Company Moves” in the subject line. $1 million. The creditors with the largest Ave. in midtown east.The deal will bring DEALS ROUNDUP unsecured claims are Hasmukh Patel, the consulting firm’s total space at the ● Café Grumpy Dharmesh Sachin, Rakesh & Chetan 21-story building to 56,000 square feet. 89 E. 42nd St., Manhattan Shah, owed $100,000; TDS Leasing, The tenant was represented by David ATRANSTRTRANSACTION PRTRANSACTION PRICEEANSACTION SIZE The coffee shop opened in Grand Central owed $94,000; and Twin Donut Inc., Carlos of Studley.The landlord, the TARGET/SELLERS (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE Terminal’s Lexington passage. It serves a owed $42,000. Rudin family, was represeted by Robert Pinnacle Foods Inc./ $6,778.2 Hillshire Brands Co. SB M&A selection of espresso drinks and pastries. Steinman of the Rudin Management Credit Suisse Private Equity Co. Asking rents in the area can be as LLC (Manhattan), ● Cochinita Dos GOVERNMENT CONTRACT high as $60 per square foot. Blackstone Group private- equity group (Manhattan) 49 Canal St., Manhattan OPPORTUNITIES Brooklyn taco spot Cochinita opened its ● SumAll signed a 10-year lease for Nevada Property 1/ $5,229.9 Blackstone Real Estate Advisors SB M&A second location, on the Lower East Following are selected contract 12,700 square feet at 123 William St. in Deutsche Bank AG (Manhattan) (Manhattan) Side. Its California-Mexican menu opportunities recently announced by New lower Manhattan. The maker of a data includes chorizo plates and Baja-style York City agencies.To learn how to sell analytics tool for marketers will occupy 500 restaurant properties $1,500.0 American Realty Capital Properties SB M&A fish served at communal tables. goods and services to city government, visit the entire 22nd floor of the 27-story of Red Lobster/Golden Inc. (Manhattan) Gate Capital www.nyc.gov/selltonyc. For a searchable building. The tenant was represented by ● Filson database of current procurement notices, Lindsay Godard and David Young of Hillman Cos. $1,475.0 CCMP Capital Advisors FB M&A (unknown majority stake)/ (Manhattan), management of 40 Great Jones St., Manhattan visit www.nyc.gov/cityrecord. Listings are CBRE. The landlord, East End Capital, Oak Hill Capital Partners Hillman Cos. The Seattle-based outdoor-apparel alphabetical by category and department. was represented by Brad Gerla, also of maker opened its first East Coast store CBRE. The asking rent was $49 per Aicent Inc./Warburg $290.0 Syniverse Technologies SB M&A Pincus (Manhattan), in NoHo. The shop caters to CONSTRUCTION SERVICES square foot. ● IDG Capital Partners, TA photographers and offers the camera bag Department of Design and Construction Associates Management, Filson designed with the Magnum Seeks competitive sealed bids by 11 a.m. ● Law Firm Suites signed a four-year Vertex Venture Holdings photo agency as well as field jackets, on June 3 for construction of combined sublease from LeClairRyan for 12,300 Ltd., Intel Capital, Saints plaid shirts, backpacks and Dopp kits. sewers on 121st Street, etc., in Queens. square feet at 830 Third Ave. in midtown Capital, iGlobal Partners Bid documents are available at east. The tenant was represented by Neal Manufactured housing $231.0 Not disclosed SB M&A ● Sweetgreen www.nyc.gov/buildnyc and require a J. Lerner of Neal J. Lerner & Co. The portfolio/Newcastle 413 Greenwich St., Manhattan $35 deposit, payable by check or money lessor was represented by Robert Investment Corp. The East Coast salad shop opened its order only.To make inquiries, contact Goodman and Ted Rotante of Colliers (Manhattan) second New York outpost, in TriBeCa. Emmanuel Charles at (718) 391-2200 International. The asking rent for the Pinterest Inc./not disclosed $200.0 Bessemer Venture Partners, FirstMark GCI Its menu includes the same seasonal, or [email protected]. deal was $45 per square foot. Capital (Manhattan), Fidelity Investments, local salads and rice bowls as its Flatiron Valiant Capital Management Andreessen Horowitz, SV Angel location. ● School Construction Authority ● Greylock Capital Management signed Seeks competitive sealed bids by 10 a.m. a 10-year lease for 11,400 square feet at Hillsborough West Park $122.5 Carroll Organization Inc. SB M&A on June 2 for a fire alarm and low- 285 Madison Ave. near Grand Central (Manhattan) BANKRUPTCIES voltage electrical system at I.S. 10 in Terminal. The investment manager will Selected deals announced for the week ended May 17 involving companies in metro New York. Queens. Bidders must be prequalified by relocate its New York headquarters from SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing shares of a company without the participation of a financial buyer. GCI: Growth capital investment The following listings are selected from the the SCA; the project range is 99 Park Ave. to occupy the entire 24th represents new money invested in a company for a minority stake. FB M&A: Financial buyer most recent available filings by companies $1,510,000 to $1,590,000. Bid floor at the renovated building. The M&A represents a minority or majority acquisition of existing shares of a company with the seeking bankruptcy protection in the documents require a nonrefundable tenant was represented by Silvio participation of a financial buyer. source: capitaliq Southern and Eastern Districts of New $100 fee, payable by check or money Petriello and Nick Weld of CBRE. The

May 26, 2014 | Crain’s New York Business | 21 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM EVENT PUBLIC & LEGAL NOTICES NOTICE OF FORMATION OF LIMITED Notice of Qualification of IMAX LABS, PUBLIC HEARING LIABILITY COMPANY. NAME: LLC. Authority filed with Secy. of EUTYCHIA GROUP LLC. Articles of State of NY (SSNY) on 4/18/14. Office NOTICE OF FRANCHISE AND CONCESSION REVIEW COMMITTEE Organization were filed with the location: NY County. LLC formed in PUBLIC HEARING ON AGENCY ANNUAL CONCESSION PLANS Secretary of State of New York Delaware (DE) on 4/10/14. SSNY

Central and Eastern Europe - Economic Notice of a Franchise and Concession Review Committee (FCRC) Public Hearing on Agency Annual Concession Plans (SSNY) on 08/22/13. Office location: designated as agent of LLC upon Outlook After Maidan: One day for Fiscal Year 2015 pursuant to Section 1-10 of the Concession Rules of the City of New York (Concession Rules), to New York County. SSNY has been whom process against it may be conference in NYC be held on June 9, 2014, commencing at 2:30PM, and located at 22 Reade Street, Barish Conference Room, designated as agent of the LLC upon served. SSNY shall mail process to: Tuesday, June 17, 2014 Manhattan. At this hearing, the FCRC will further solicit comments about the provisions of the Concession Rules from whom process against it may be Attn.: General Counsel, 110 East 59th 8:00 a.m. - 3:00 p.m. the vendor community, civic groups and the public at large. The FCRC shall consider the issues raised at the Public served. SSNY shall mail a copy of St., Ste. 2100, NY, NY 10022. Address Hearing in accordance with the procedures set forth in the Charter under the City Administrative Procedure Act. Re-thinking Central and Eastern Europe process to the LLC, 153 8th Avenue, to be maintained in DE: RL&F Now - An Austrian perspective on diversity The following agencies submitted an Annual Concession Plan for Fiscal Year 2015: the Department of Parks and New York, New York 10011. Service Corp., 920 N. King St., Fl. 2, in performance, opportunities and the Recreation, the Department of Citywide Administration Services, the Department of Transportation, the Department of Purpose: For any lawful purpose. Wilmington, DE 19801. Arts of Org. road ahead. Corrections, the Department of Sanitation, the New York Police Department, the Department of Housing Preservation and Development, the Department of Homeless Services, the Department of Environmental Protection, the filed with the DE Secy. of State, 401 This is a free event but you must request Department of Health and Mental Hygiene, the Department of Records and Information Services, the New York City GLENWILLOW NYC, LLC, a domestic Federal St., Dover, DE 19901. a formal invitation via the website. Office of Chief Medical Examiner, the New York City Economic Development Corporation on behalf of the Department LLC, filed with the SSNY on 3/26/14. Purpose: any lawful activities. For more info see austria.nyintl.net of Small Business Services, and NYC & Company on behalf of the Department of Small Business Services. Office location: New York County.

The portfolio of Agency Annual Concession Plans covers significant and non-significant concessions expiring, SSNY is designated as agent upon Notice of Formation of Peacock Films continuing and anticipated for solicitation or initiation in Fiscal Year 2015. Furthermore, the portfolio covers, inter alia: whom process against the LLC may LLC, Art. of Org. filed Sec'y of State

• Department of Parks and Recreation: mobile food units, food service facilities, golf courses, driving ranges, be served. SSNY shall mail process (SSNY) 2/19/14. Office location: NY POSITIONS marinas, tennis professionals, Christmas trees, parking lots, markets, concerts, newsstands, stables, gas stations, to Arnie Herrmann, c/o Citrin County. SSNY designated as agent amusement venues, ice skating rinks, carousels, ferry services, bike rentals, circus, sailboat rentals, souvenirs Cooperman, 529 Fifth Ave., NY, NY of LLC upon whom process against AVAILABLE and gifts. 10017. General Purpose. it may be served. SSNY shall mail • Department of Citywide Administrative Services: maritime and non-maritime occupancy permits. copy of process to CSC, 80 State • Department of Transportation: food kiosks, vending machines, pedestrian plazas, food courts. Notice of Formation of VLC Columbus St., Albany, NY 12207. Purpose: any Server Side Development Manager • Department of Corrections: food services, mobile food units, vending machines. Elsevier, Inc., New York, NY & 86th, LLC, Art. of Org. filed Sec'y of lawful activities. • Department of Sanitation: advertising. State (SSNY) 11/25/13. Office location: Must hold a Bach. or foreign equiv. deg. • New York City Police Department: vending machines and cafeteria. NY County. SSNY designated as in Comp. Sci. or a rel. field & 1 yr. of exp. • Department of Housing Preservation and Development: vending machines, café. Notice of Formation of Jemcap agent of LLC upon whom process Servicing LLC. Arts. of Org. filed with in the job offered or building robust/ • Department of Homeless Services: athletic facilities. • Department of Environmental Protection: gas purification. against it may be served. SSNY shall Secy. of State of NY (SSNY) on high-load, high availability web apps. • Department of Health and Mental Hygiene: drug discount card program. mail copy of process to VLC USA, 4/24/14. Office location: NY County. using PHP & Java. Candidate with Bach. • Department of Records and Information Services: publication of record collections. 154 Grand St., Ste. 4S07, NY, NY SSNY designated as agent of LLC or foreign equiv. deg. in another field • New York City Office of the Chief Medical Examiner: DNA swab kit. 10013. Purpose: any lawful activities. upon whom process against it may must have 3 yrs. of exp. building • New York City Economic Development Corporation on behalf of the Department of Small Business Service: parking lots, maritime and non-maritime occupancy permits. be served. SSNY shall mail process robust/high-load, high availability web NOTICE OF FORMATION OF GSD to: Jemcap Servicing LLC, 360 • NYC & Company on behalf of the Department of Small Business Services: marketing, advertising, intellectual Enterprises LLC. Arts of Org filed apps. using PHP & Java. Also req. 1 year property & trademark merchandising. Madison Ave., Ste. 1902, NY, NY of exp.: using Java, Tomcat, Memcached/ with Secy of State of NY (SSNY) on 10017. Purpose: any lawful activity. Redis, & Nginx/Apache; using a Search 02/03/14. Office location: NY County. engine system, incl. Solr &/or Notice of formation of 325 EAST Notice of Qual. of Texas Absolute SSNY designated agent upon whom Notice of Formation of FINANCIAL TH ElasticSearch to build public facing web 118 STREET, LLC, a limited liability Credit Opportunities Strategy LP, Auth. process may be served and shall STRATEGY ADVISORS LLC. Arts. of apps.; & using MySQL5+ & performing company. Articles of Organization filed filed Sec'y of State (SSNY) 9/27/13. mail copy of process against LLC to Org. filed with Secy. of State of NY with the Secretary of State of New Office loc.: NY County. LP org. in DE principal business address: 1270 DB to DB replication for hot standup (SSNY) on 04/17/14. Office location: NY York on September 20, 2013. Office 9/26/13. SSNY desig. as agent of LP Broadway, Suite 1108, NY NY 10001. County. SSNY designated as agent setups for MSQL5+ DBs. Must also location: Manhattan. The Secretary of upon whom process against it may be Purpose: any lawful act. possess exp.: utilizing Linux operating of LLC upon whom process against State of New York has been designated served. SSNY shall mail copy of proc. it may be served. SSNY shall mail systems, incl. compiling & installing apps. for service of process. The Secretary to Att: Donald Morgan III, 399 Park Notice of Formation of KellenProjects process to Tarter Krinsky & Drogin & setting up users & roles for access of State of New York shall mail a copy Ave., NY, NY 10022. DE off. addr.: CSC, LLC. Arts. of Org. filed with Secy. of LLP, 1350 Broadway, 11th Fl., NY, NY control, remote shell, & tail logs; utilizing of any process served against the 2711 Centerville Rd., Wilmington, DE State of NY (SSNY) on 4/21/14. Office 10018. Purpose: Any lawful activity. web app. infrastructures/tools, incl. NFS LLC to: 325 EAST 118TH STREET, 19808. Cert. of LP on file: SSDE, location: NY County. SSNY designated file systems, Haproxy Load Balancer, & LLC, ATTN: MANAGING MEMBER, Townsend Bldg., Dover, DE 19901. as agent of LLC upon whom process NOTICE OF FORMATION OF FIRM DNS configuration; & leading & creating C/O ROACH BERNARD, PLLC, 300 Name/addr. of each gen. ptr. avail. at against it may be served. SSNY shall FOUNDATIONS PARTNERS LLC. Continuous Integration environments MERRICK ROAD, SUITES 209 & 210, SSNY. Purp.: any lawful activities. mail process to: Kellen E. Giuda, 400 ARTICLES OF ORG filed with Secy of using Jenkins or TeamCity. Apply LYNBROOK, NY 11563. Purpose: E. 71st St. Apt. 19U, NY, NY 10021. State of NY (SSNY) on 09/25/2013. w/resume to: Lillian Cwikla, Elsevier, any lawful purpose. HENDON GARDEN CENTER LLC, Arts. Purpose: any lawful activity. Office location: NY County. SSNY has Inc., 1600 John F. Kennedy Blvd., Ste. of Org. filed with the SSNY on been designated as agent upon whom Blueglass Partners LLC. Arts. of Org. 06/06/2012. Office loc: NY County. Notice of Formation of Quik Park process may be served and shall mail 1800, Philadelphia, PA 19103. No relo. filed with Secy. of State of NY (SSNY) Underhill LLC. Arts. of Org. filed with available. No 3rd party responses. EOE SSNY has been designated as agent a copy of any process against LLC on 04/17/14. Off. loc.: NY Co. SSNY upon whom process against the LLC Secy. of State of NY (SSNY) on to principal business address: 124 W. des. as agent of LLC upon whom may be served. SSNY shall mail 3/14/14. Office location: NY County. 23rd St. Apt 2A NY, NY 10011. Cash & Collateral Management process may be served. SSNY shall process to: c/o Tenzer and Lunin LLP, SSNY designated as agent of LLC Purpose: any lawful act or activity Junior Analyst mail process to c/o Robinson Brog, et 32 East 57th St. 10th Fl., NY, NY upon whom process against it may (Citadel LLC – New York, NY) Assist in al., Attn: Marshall J. Gluck, 875 3rd 10022. Purpose: Any Lawful Purpose. be served. SSNY shall mail process Notice of Formation of D&J HEIGHTS process’g daily collaterl calls b/t co. entities Ave., 9th Fl., New York, NY 10022. to: The LLC, 247 W. 37th St., NY, NY LLC. Arts. of Org. filed with Secy. of Purpose: General 10018. Purpose: any lawful purpose. & counterparties. F/T. Reqs Bach’s degr in Notice of Formation of Jeremy Starr State of NY (SSNY) on 04/25/14. Office Consulting LLC. Arts. of Org. filed location: NY County. SSNY designated Finan, Econ, Engnr’g or rel field & 4 yrs exp Notice of Formation of Bronx Notice of Formation of Ashford Locke with Secy. of State of NY (SSNY) on as agent of LLC upon whom process in the job offered or relevnt exp at an Improvements Group LLC. Arts. of Builders LLC. Arts. of Org. filed with 2/18/14. Office location: NY County. against it may be served. SSNY shall Invstmnt Mgmt or Broker/Dealer firm. Org. filed with Secy. of State of NY Secy. of State of NY (SSNY) on SSNY designated as agent of LLC mail process to c/o David C. Segal, Stated exp must incl 2 yrs w/each of the fol- (SSNY) on 4/28/14. Office location: 4/29/14. Office location: NY County. upon whom process against it may 830 Bryant St., Woodmere, NY 11598. low’g: trade reconciliation; util Adv Excel NY County. SSNY designated as SSNY designated as agent of LLC upon be served. SSNY shall mail process Purpose: Any lawful activity. functions incl formulas, macros, V-lookups agent of LLC upon whom process whom process against it may be served. to: 382 Central Park West, Apt. 10W, & pivot tables in support of finan trad’g against it may be served. SSNY shall SSNY shall mail process to: The NY, NY 10025. Purpose: any lawful NOTICE OF QUALIFICATION of activities, report’g & compar’g & reconcil’g mail process to: The LLC, 244 LLC, 826 Broadway, 11th Fl., NY, NY activity. Roberts Fund Management, LLC. multi sets of standardized or non-standard- Madison Avenue, Apt. 15A, NY, NY 10003. Purpose: any lawful activity. Authority filed with Secy of State of ized finan data; analyz’g proprietary busi- 10016. Purpose: any lawful activity. NY (SSNY) on 3/10/14. LLC formed Notice of Qual. of Stellar West 178 GLASS TABLE, LLC, a domestic LLC, ness processes & identify’g enhancemnts to in DE on 11/22/13. Office location: NOTICE OF QUALIFICATION of PGR LLC, Auth. filed Sec'y of State filed with the SSNY on 2/25/14. help make processes more efficient; liais’g NY County. Princ. bus. addr.: 1350 Media, LLC. Authority filed with Secy (SSNY) 2/6/14. Office loc.: NY Office location: New York County. w/ internl stakeholders & IT team to trans- Avenue of Americas, 2nd Fl., NY, NY of State of NY (SSNY) on April 22, 2014. County. LLC org. in DE 12/20/13. SSNY is designated as agent upon late business needs into tech solutions; & 10019. SSNY designated agent upon Office location: NY County. LLC SSNY desig. as agent of LLC upon whom process against the LLC may wrk’g w/ equities, bonds, futures, cleared whom process may be served and formed in MA on July 27, 2007. SSNY whom process against it may be be served. SSNY shall mail process swaps, or OTC swaps in an operational shall mail copy of process against designated agent upon whom process served. SSNY shall mail copy of to The LLC, c/o Philippe Juncker, 23 role. Resumes: ER/LW, Attn R-0218, LLC to: Roberts Fund Management, may be served and shall mail copy of proc. to NRAI, 111 Eighth Ave., NY, E. 10th St., Apt. 1101, NY, NY 10003. Citadel LLC, 131 S Dearborn St, 32nd Fl, 1350 Avenue of Americas, 2nd Fl., process against LLC to principal NY 10011, the Reg. Agt. upon whom General Purpose. Chicago, IL 60603. business address: 34 Farnsworth proc. may be served. DE off. addr.: NY, NY 10019. DE address of LLC: Street, 2nd Floor, Boston, MA 02210. 160 Greentree Dr., Ste. 101, Dover, Anahid & Telly LLC. Arts. of Org. filed c/o InCorp, One Commerce Center Certificate of LLC filed with Secy of DE 19904. Cert. of Form. on file: with Secy. of State of NY (SSNY) on 1201 Orange St., #600, Wilmington, PUBLIC & LEGAL State of MA located: One Ashburton SSDE, Townsend Bldg., Dover, DE 03/03/14. Off. loc.: NY Co. SSNY DE 19899. Cert of Formation filed DE Place, 17th Floor, Boston, MA 19901. Purp.: any lawful activities. des. as agent of LLC upon whom Sec. of State, 401 Federal St., Dover, NOTICES 02108-1512. Purpose: any lawful act. process may be served. SSNY shall DE 19901. Purpose: any lawful act. Notice of Qualification of MXFe, LLC. mail process to c/o Robinson Brog, Notice of Qualification of 95th and Third Notice of Qualification of OLYMPUS Authority filed with Secy. of State of NY et al., Attn: Roger A. Raimond, Esq., NOTICE OF FORMATION OF OreBit LLC. Authority filed with NY Dept. of PICTURES SERVICES, LLC. Authority (SSNY) on 04/08/14. Office location: 875 3rd Ave., 9th Fl., New York, NY LLC. Articles of Organization filed with State on 5/15/14. Office location: NY filed with Secy. of State of NY (SSNY) NY County. LLC formed in Delaware 10022. Purpose: General. the Secretary of State of NY (SSNY) County. LLC formed in DE on 5/5/14. on 05/14/14. Office location: NY (DE) on 11/26/13. SSNY designated on 03/27/2014. Office location: NY Sec. of State designated agent of County. LLC formed in Delaware (DE) as agent of LLC upon whom process Notice of Formation of AMERICAN NEW YORK County. SSNY has been LLC upon whom process against it on 05/02/14. SSNY designated as against it may be served. SSNY shall NORTHERN MARIANAS ECONOMIC designated as agent upon whom may be served and shall mail process agent of LLC upon whom process mail process to Corporation Service DEVELOPMENT FUND, LLC. Arts. of process against it may be served. to: c/o CT Corporation System, 111 against it may be served. SSNY shall Co., 80 State St., Albany, NY 12207- Org. filed with Secy. of State of NY The Post Office address to which 8th Ave., NY, NY 10011, regd. agent mail process to c/o Corporation 2543, regd. agent upon whom and at (SSNY) on 05/09/14. Office location: the SSNY shall mail a copy of any upon whom process may be served. Service Co., 80 State St., Albany, NY which process may be served. DE NY County. SSNY designated as process against the LLC served upon DE addr. of LLC: 1209 Orange St., 12207-2543. DE addr. of LLC: 2711 addr. of LLC: 2711 Centerville Rd., agent of LLC upon whom process him/her is: 80 Broad St., 1702, NY, Wilmington, DE 19801. Cert. of Form. Centerville Rd., Wilmington, DE Ste. 400, Wilmington, DE 19808. against it may be served. SSNY shall NY 10004. The principal business filed with DE Sec. of State, 401 19808. Arts. of Org. filed with Secy. Arts. of Org. filed with DE Secy. of mail process to Corporation Service address of the LLC is: 80 Broad St., Federal St., Dover, DE 19901. of State, 401 Federal St., Dover, DE State, 401 Federal St., Dover, DE Co., 80 State St., Albany, NY 12207- 1702, NY, NY 10004. Purpose: any Purpose: all lawful purposes. 19901. Purpose: Any lawful activity. 19901. Purpose: Any lawful activity. 2543. Purpose: Any lawful activity. lawful act or activity.

22 | Crain’s New York Business | May 26, 2014 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES

NOTICE OF FORMATION OF HALIFAX Notice of Qualification of Notice of Qualification of Blackstone NOTICE OF QUALIFICATION of Notice of Qualification of GRAYCLIFF OF PALISADE LLC.. Application for Commercialize.TV LLC. Authority filed One Market Plaza Investment Partners Flagtree Systems LLC. Authority filed MEZZANINE II PARALLEL GP PART- Authority filed with the Secretary of with Secy. of State of NY (SSNY) on L.P. Authority filed with NY Dept. of with Secy of State of NY (SSNY) on NERS LLC. Authority filed with Secy. State of New York (SSNY) on 12/31/12. 04/17/14. Office location: NY County. State on 4/10/14. Office location: NY 01/16/2014. Office location: NY County. of State of NY (SSNY) on 04/14/14. Office location: NEW YORK County. LLC formed in Delaware (DE) on County. Princ. bus. addr.: c/o The LLC formed in TX on 03/04/2009. Office location: NY County. LLC LLC formed in NJ on 7/8/10. SSNY 04/03/14. SSNY designated as agent Blackstone Group L.P., 345 Park Ave., SSNY designated agent upon whom formed in Delaware (DE) on 12/12/13. has been designated as an agent of LLC upon whom process against it NY, NY 10154. LP formed in DE on process may be served and shall mail SSNY designated as agent of LLC upon whom process against it may be may be served. SSNY shall mail 2/24/14. NY Sec. of State designated copy of process against LLC to: upon whom process against it may be served. The Post Office address to process to the LLC, 594 Broadway, agent of LP upon whom process against 28411 Northwestern Hwy., Ste. 640, served. SSNY shall mail process to c/o which the SSNY shall mail a copy of NY, NY 10012. DE addr. of LLC: c/o it may be served and shall mail process Southfield, MI 48034. Principal busi- Corporation Service Co., 80 State St., any process against the LLC served Corporation Service Co., 2711 to: c/o CT Corporation System, 111 ness address: New York Co. TX Albany, NY 12207-2543. DE addr. of upon him/her is: C/O KB PARK, 460 Centerville Rd., Ste. 400, Wilmington, 8th Ave., NY, NY 10011, regd. agent address of LLC: 1400 Preston Rd, LLC: c/o PHS Corporate Services, Bergen Blvd Ste 202A, Palisades DE 19808. Arts. of Org. filed with upon whom process may be served. Ste. 400, Plano, TX 75093. Certificate Inc., 1313 N. Market St., Ste. 5100, Park, NJ 07650. The principal busi- Secy. of State of the State of DE, 401 DE addr. of LP: c/o The Corporation of LLC filed with Secy of State of TX Wilmington, DE 19801. Arts. of Org. ness address of the LLC is: 10 West Federal St., Ste. 4, Dover, DE 19901. Trust Co., 1209 Orange St., located: Corps Section, PO BOX filed with Jeffrey W. Bullock, Secy. of 33rd St. Ste 1010, NY, NY 10001. Purpose: Any lawful activity. Wilmington, DE 19801. Name/addr. 13697, Austin, TX 78711-3697. State, State of DE, Div. of Corp., Certificate of LLC filed with Secretary of genl. ptr. available from NY Sec. of Purpose: any lawful act. John G. Townsend Bldg., 401 of State of NJ located at: 141 Lanza Notice of formation of JINNIU NEW State. Cert. of Form. filed with DE Sec. Federal St., Ste. 4, Dover, DE 19901. YORK LLC. Art. Of Org. filed w. Secy NOTICE OF QUALIFICATION of Ave Bldg #18C, Garfield, NJ 07026. of State, 401 Federal St., Dover, DE Roberts Capital Fund I, LP. Authority Purpose: Any lawful activity. Purpose: any lawful act or activity. of State of NY (SSNY) on 09/16/2013. 19901. Purpose: all lawful purposes. Office Loc: New York County. SSNY filed with Secy of State of NY (SSNY) COLOMBIAN ORGANIC CONNECTION Notice of Formation of Hudson Plaza designated as agent of LLC upon NOTICE OF FORMATION OF Jain on 3/10/14. LLC formed in DE on LLC, Arts. of Org. filed with the SSNY Development LLC. Arts of Org. filed whom process against it may be Dental Studio PLLC. Arts of Org filed 11/22/13. Office location: NY County. on 03/05/2014. Office loc: NY County. with Secy. of State of NY (SSNY) on served. SSNY shall mail copy of with Secy of State of NY (SSNY) on Princ. bus. addr.: 1350 Avenue of SSNY has been designated as agent 04/28/2014. Office Location: NY process to: c/o Jinniu New York LLC, 4/4/14. Office location: NY County. Americas, 2nd Fl., NY, NY 10019. upon whom process against the LLC County. SSNY designated as agent c/o: 2879 Venezia Court, Chino Hills, CA SSNY designated agent on whom SSNY designated agent upon whom may be served. SSNY shall mail process of LLC upon whom process against 91709. Purpose: Any lawful activity. process may be served and shall process may be served and shall to: 363 W. 51st St., Apt 3B, NY, NY it may be served. SSNY shall mail mail copy of process against PLLC mail copy of process against LLC to: 10019. Purpose: Any Lawful Purpose. process to the LLC, 25 Central Park Notice of Formation of 721 ST. to 29 E 46th St, NY, NY 10017. Roberts Capital Fund I, LP, 1350 West, Ste 12B, NY, NY 10023. NICHOLAS LLC. Arts. of Org. filed Principal business address: 20 E Avenue of Americas, 2nd Fl., NY, NY MHF ALTERNATIVES CONSULTING, Purpose: Any Lawful Purpose. with Secy. of State of NY (SSNY) on 46th St, Ste 1300, NY, NY 10017. 10019. DE address of LLC: c/o LLC, a domestic LLC, filed with the 04/10/14. Office location: NY County. Purpose: any lawful act. InCorp, One Commerce Center 1201 SSNY on 1/30/14. Office location: BRIDGE KIDS OF NEW YORK, LLC, Princ. office of LLC: 404 W. 145th Orange St., #600, Wilmington, DE New York County. SSNY is designated Arts. of Org. filed with the SSNY on St., Unit 0, NY, NY 10031. SSNY NOTICE OF FORMATION OF THM 19899. Cert of Formation filed DE as agent upon whom process against 05/15/2014. Office loc: NY County. designated as agent of LLC upon Services LLC. Arts of Org filed with Sec. of State, 401 Federal St., Dover, the LLC may be served. SSNY shall SSNY has been designated as agent whom process against it may be Secy of State of NY (SSNY) on DE 19901. Purpose: any lawful act. mail process to The LLC, 178 03/04/2014. Office location: NY upon whom process against the LLC served. SSNY shall mail process to Notice of Qualification of Alden Columbus Ave., #230828, NY, NY County. SSNY designated agent upon may be served. SSNY shall mail process the LLC at the addr. of its princ. Global CRE Opportunities Fund, LP. 10023. General Purpose. whom process may be served and to: 330 Third Ave., Apt. 8L, NY, NY office. Purpose: Any lawful activity. Authority filed with NY Dept. of State shall mail copy of process against EXECUTIVE TALENT ADVISORS 10010. Purpose: Any Lawful Purpose. on 4/25/14. Office location: NY Notice of Formation of AIRIA LIVING LLC to principal business address: LLC, a domestic LLC, filed with the County. LP formed in DE on 4/1/14. NOTICE OF FORMATION OF LLC. Arts. of Org. filed with Secy. of Telly Martinez, 926 Rev. James A SSNY on 4/7/14. Office location: NY Sec. of State designated agent of Madison Ave Success LLC. Arts of State of NY (SSNY) on 04/10/14. Polite Ave , Apt 1, Bronx, NY 10459. New York County. SSNY is designated LP upon whom process against it may Org filed with Secy of State of NY Office location: NY County. SSNY Purpose: any lawful act. as agent upon whom process be served and shall mail process to: (SSNY) on 1/17/14. Office location: designated as agent of LLC upon against the LLC may be served. 885 3rd Ave., 34th Fl., NY, NY 10022, NY County. SSNY designated agent whom process against it may be Notice of Qual. of Two Sigma SSNY shall mail process to The LLC, principal business address. DE upon whom process may be served served. SSNY shall mail process to Hamilton Fund, LLC, Auth. filed Sec'y 235 E. 40th St., Ste. 26G, NY, NY address of LP: c/o The Corporation and shall mail copy of process against David Beyda, 295 Fifth Ave., Ste. of State (SSNY) 10/28/13. Office loc.: 10016. General Purpose. Trust Co., 1209 Orange St., Wilmington, LLC to principal business address: 412, NY, NY 10016, regd. agent upon NY County. LLC org. in DE 10/24/13. DE 19801. Name/address of genl. 1270 Broadway, Suite 1108, NY NY whom and at which process may be SSNY desig. as agent of LLC upon Notice of Formation of MAMYS, L.L.C. ptr. available from NY Sec. of State. 10001. Purpose: any lawful act. served. Purpose: Any lawful activity. whom process against it may be Arts. of Org. filed with Secy. of State served. SSNY shall mail copy of Cert. of LP filed with DE Sec. of of NY (SSNY) on 04/03/14. Office SPRING LIGHT LLC, a domestic LLC, Aris & Athan, LLC. Arts. of Org. filed proc. to Att: Matthew Siano, Esq., State, P.O. Box 898, Dover, DE location: NY County. Princ. office of filed with the SSNY on 3/24/14. with Secy. of State of NY (SSNY) on 100 Ave. of the Americas, 16th Fl., 19903. Purpose: all lawful purposes. LLC: 2 River Terrace, 19E, NY, NY Office location: New York County. 02/04/14. Off. loc.: NY Co. SSNY NY, NY 10013. DE off. addr.: CSC, NOTICE OF FORMATION OF BitMine 10282. SSNY designated as agent of SSNY is designated as agent upon des. as agent of LLC upon whom 2711 Centerville Rd., Wilmington, DE Partners LLC. Articles of Organization LLC upon whom process against it whom process against the LLC may process may be served. SSNY shall 19808. Cert. of Form. on file: SSDE, filed with the Secretary of State of may be served. SSNY shall mail be served. SSNY shall mail process mail process to c/o Robinson Brog, Townsend Bldg., Dover, DE 19901. NY (SSNY) on 03/27/2014. Office process to c/o Ingram Yuzek Gainen to The LLC, 161 E. 65th St., NY, NY et al., Attn: Roger A. Raimond, 875 Purp.: any lawful activities. location: NEW YORK County. SSNY Carroll & Bertolotti LLP, 250 Park 10065. General Purpose. 3rd Ave., 9th Fl., New York, NY Ave., 6th Fl., NY, NY 10177. Purpose: Notice of formation of Trendi NYC LLC has been designated as agent upon 10022. Purpose: General. whom process against it may be Any lawful activity. Notice of Formation of CANA POINT filed with the Secy. of State of NY served. The Post Office address to SOLUTIONS LLC. Arts. of Org. filed Notice of Formation of STRATEGIC (SSNY) on 4/4/14. Office loc.: New NOTICE OF FORMATION OF LIMITED which the SSNY shall mail a copy of with Secy. of State of NY (SSNY) on DESIGN CONSULTING LLC. Arts. Of York County. The principal business LIABILITY COMPANY. ABBEY any process against the LLC served 04/11/14. Office location: NY County. Org. filed w/ Secy. of State of NY loc. is 401 Park Ave. S., New York, NY CONSULTING, LLC. Articles of upon him/her is: 80 Broad St., 1702, Princ. office of LLC: 1410 Broadway, (SSNY) on 3/19/14. Office in Kings 10016. SSNY designated as agent of Organization were filed with the NY, NY 10004. The principal business 8th Fl., NY, NY 10018. SSNY designated County. SSNY designated agent of LLC upon whom process against it Secretary of State of New York address of the LLC is: 80 Broad St., as agent of LLC upon whom process LLC upon whom process against it may be served. SSNY shall mail copy (SSNY) 4/3/14. Office location: NY 1702, NY, NY 10004 Purpose: any against it may be served. SSNY shall may be served. SSNY shall mail of process to Corporation Service Co., County. SSNY has been designated lawful act or activity. mail process to c/o The Golden process to The LLC c/o Richard 80 State St., Albany, NY 12207. Mgmt. as agent of the LLC upon whom Touch Group at the princ. office of Murphy, 148 Clinton Avenue, Apt 1, shall be by one or more managers. NOTICE OF QUALIFICATION of The process against it may be served the LLC. Purpose: Any lawful activity. Brooklyn, NY 11205. Purpose: any Purpose: Any lawful activity. Wheels on The Bus Tours, LLC. and shall mail a copy of process to lawful act/activity. Authority filed with Secy of State of ABBEY CONSULTING, LLC, 124 Notice of Qualification of AREA NOTICE OF FORMATION OF MILFORD NY (SSNY) on 4/2/14. Office location: Hudson Street, #8A, New York, New SEAVIEW, LLC. Authority filed with NOTICE OF FORMATION OF AMERICA GIFTS LLC. Arts of Org filed with Secy NY Co. LLC formed in DE 2/5/14. York, 10013, Attention Leslie Abbey. NY Dept. of State on 2/28/14. Office FDS LLC . Arts of Org filed with of State of NY (SSNY) on 03/18/14. SSNY designated agent upon whom Purpose: for any lawful purpose. location: NY County. LLC formed in Secy of State of NY (SSNY) on Office location: NY County. SSNY process may be served and shall DE on 2/27/14. NY Sec. of State 04/30/14. Office location: NY County. designated agent upon whom process mail process against LLC to princ NOTICE OF FORMATION OF 750 FOOD designated agent of LLC upon whom SSNY designated agent upon whom may be served and shall mail copy of bus address: 545 8th Ave, Ste 14S, LLC. Arts of Org filed with Secy of process against it may be served and process may be served and shall process against LLC to: C/O NY, NY 10018. Cert of LLC filed with State of NY (SSNY) on 03/13/14. shall mail process to: c/o Ascent Real mail copy of process against LLC to TORKIAN GROUP 1650 Broadway Secy of State of DE located: Div of Office location: NY County. SSNY Estate Advisors LLC, 271 Madison principal business address: SABAJ Suite 910, NY, NY 10019. Principal Corps John G Townsend Bldg 401 designated agent upon whom Ave., 18th Fl., NY, NY 10016, principal LAW, P.C., 349 FIFTH AVE, THIRD business address: 700 8th Avenue, NY, Federal St. Ste 4 Dover DE 19901. process may be served and shall mail business address. DE address of LLC: FLOOR, NEW YORK, NY 10016. NY 10036. Purpose: any lawful act. Purpose: any lawful act. copy of process against LLC to: C/O 615 S. DuPont Hwy., Dover, DE 19901. Purpose: any lawful act TORKIAN GROUP 1650 Broadway Cert. of Form. filed with DE Sec. of Notice of Qualification of BREP OMP Notice of Qualification of GRAYCLIFF Suite 910, New York, NY 10019. State, 401 Federal St., Dover, DE Notice of Qualification of American Associates L.P. Authority filed with NY MEZZANINE II PARALLEL LP. Principal business address: 1650 19901. Purpose: all lawful purposes. Capital Leveraged Finance Dept. of State on 3/13/14. Office loca- Authority filed with Secy. of State of NY Broadway Ste 910, NY, NY 10019. Management, LLC. Authority filed tion: NY County. Princ. bus. addr.: c/o (SSNY) on 04/14/14. Office location: Purpose: any lawful act. with NY Dept. of State on 4/7/14. The Blackstone Group L.P., 345 Park NY County. LP formed in Delaware Office location: NY County. Princ. bus. Ave., NY, NY 10154. LP formed in (DE) on 12/12/13. SSNY designated Notice of formation of 325 EAST addr.: 2 Bethesda Metro Ctr., 14th Fl., DE on 2/26/14. NY Sec. of State as agent of LP upon whom process 118TH STREET HOLDING, LLC, a Bethesda, MD 20814. LLC formed in designated agent of LP upon whom against it may be served. SSNY shall limited liability company. Articles of To place your DE on 8/1/13. NY Sec. of State des- process against it may be served mail process to Corporation Service Co., Organization filed with the Secretary ignated agent of LLC upon whom and shall mail process to: c/o CT 80 State St., Albany, NY 12207-2543. of State of New York on January 28, process against it may be served Corporation System, 111 8th Ave., NY, Name and addr. of each general 2014. Office location: Manhattan. classified ad call and shall mail process to: c/o CT NY 10011, regd. agent upon whom partner are available from SSNY. DE The Secretary of State of New York Corporation System, 111 8th Ave., NY, process may be served. DE addr. of LP: addr. of LP: c/o PHS Corporate has been designated for service of NY 10011, regd. agent upon whom c/o The Corporation Trust Co., 1209 Services, Inc., 1313 N. Market St., Ste. process. The Secretary of State of Joanne Barbieri process may be served. DE addr. of Orange St., Wilmington, DE 19801. 5100, Wilmington, DE 19801. Arts. of New York shall mail a copy of any LLC: c/o The Corporation Trust Co., Name/addr. of genl. ptr. available Org. filed with Jeffrey W. Bullock, process served against the LLC to: 1209 Orange St., Wilmington, DE from NY Sec. of State. Cert. of Form. Secy. of State, State of DE, Div. of ROACH BERNARD, PLLC, 300 @ 212-210-0189 19801. Cert. of Form. filed with DE Sec. filed with DE Sec. of State, 401 Corp., John G. Townsend Bldg., 401 MERRICK ROAD, SUITES 209 & 210, of State, 401 Federal St., Dover, DE Federal St., Dover, DE 19901. Federal St., Ste. 4, Dover, DE 19901. LYNBROOK, NY 11563. Purpose: 19901. Purpose: all lawful purposes. Purpose: all lawful purposes. Purpose: Any lawful activity. any lawful purpose.

May 26, 2014 | Crain’s New York Business | 23 Washington’s female co-stars re- ceived nods, as did Chris O’Dowd, Broadway enjoys comeback season who plays the mentally challenged Lenny in Of Mice and Men. The 2012-2013 season was hard New shows, stars enue rose 11%, to $1.2 billion. The cessful fare.Richard III and The Glass and is now nominated for one. At- hit by Superstorm Sandy, which average ticket price increased 6%, to Menagerie, starring Tony winners tendance at Hedwig was 102% of ca- kept theaters closed for a few days boost attendance $104,from the year-ago period.The Mark Rylance and Cherry Jones, re- pacity, thanks to standing-room and made for soft comparisons this after Sandy slump season officially ended May 25. spectively, wowed audiences. (Each tickets, for the week ended May 18. season. The storm’s effects lingered Also driving those numbers high- was nominated for a Tony for their Premium-priced tickets helped it as people couldn’t get to the city or er was the larger number of shows performances in those plays.) earn 118% of its gross. were too busy dealing with the BY THERESA AGOVINO now on the Great White Way. For Well-reviewed musicals such as A repercussions to even think about the week ended May 18, there were Gentleman’s Guide to Love and Murder Stormy weather going to a show. The spring hits of Broadway has bounced back. Star- 36 shows playing on Broadway,com- and After Midnight had respectable Theatergoers also have been that season, such as Tony-winning driven plays such as A Raisin in the pared with 28 at this time in 2013. but not extraordinary sales (though flocking to A Raisin in the Sun, star- musical Kinky Boots, couldn’t com- Sun and splashy musicals like Dis- “There may not be a lot of shows multiple Tony nominations for each ring Tony and Oscar winner Denzel pensate for the weak start. ney’s Aladdin that opened this that are selling out,but there are a lot have lifted their sales in recent Washington, and Of Mice and Men, Several of last season’s hits, like spring helped push attendance that are holding steady,” said Seth weeks). But the musical Big Fish, with James Franco making his Motown and Matilda,are still playing higher this season after two consec- Gelblum, a partner at Loeb & Loeb which many had predicted would be Broadway debut in the role of to packed houses,which is helping el- utive years of decline. who represents numerous Broad- a box-office bonanza, was a big flop. George. Attendance at Raisin evate attendance this year, according After 51 weeks of the 2013-2014 way shows. Broadway attendance was flat at reached 100% last week as its gross to Jordan Roth, president of Jujam- season, attendance had jumped 5%, the halfway mark. But the spring hit 108%. Of Mice and Men’s atten- cyn Theaters,which owns five Broad- to 11.9 million, for the period end- Recovery after slow start brought hit musicals such as the re- dance was 99%, bringing the show way houses including Kinky Boots’ ed May 18, compared with the cor- The fall got off to a slow start as vival of Les Misérables and Hedwig to 93% of its potential gross. home, the Al Hirschfeld Theatre. responding period last year, accord- a bevy of critically praised, well- and the Angry Inch, starring Neil Surprisingly, neither Mr. Wash- “Last spring brought us several ing to the Broadway League, a trade attended hits featuring Broadway Patrick Harris, who has hosted the ington nor Mr. Franco was nomi- shows that are still selling well,”said organization.Meanwhile,gross rev- favorites opened along with less suc- Tony Awards for the past three years nated for a Tony.However,all of Mr. Mr. Roth. “There’s an overhang.” Ⅲ

TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of BAM Asset Notice of Qualification of READLY LLC. Notice of Qual. of Aravt Global Notice of Qualification of INFLEXON, Notice of Qualification of CareTango Management, LLC. Authority filed with Authority filed with Secy. of State of NY Partners LP, Auth. filed Sec'y of State LLC. Authority filed with Secy. of State LLC. Authority filed with NY Dept. of NY Dept. of State on 5/9/14. Office (SSNY) on 03/04/14. Office location: (SSNY) 10/3/13. Office loc.: NY of NY (SSNY) on 05/12/14. Office State on 4/18/14. Office location: NY location: NY County. Princ. bus. addr.: NY County. LLC formed in Nevada County. LP org. in DE 10/1/13. SSNY location: NY County. LLC formed in County. Princ. bus. addr.: 330 7th Ave., c/o Build America Mutual, 1 World (NV) on 04/24/13. SSNY designated desig. as agent of LP upon whom Delaware (DE) on 10/09/13. SSNY NY, NY 10011. 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Cert. of LP on file: SSDE, LLC: 2711 Centerville Rd., Ste. 400, regd. agent upon whom process may NY, NY 10011, regd. agent upon whom Division St., Carson City, NV 89703. Townsend Bldg., Dover, DE 19901. Wilmington, DE 19808. Arts. of Org. be served. DE addr. of LLC: 1209 process may be served. DE addr. of Arts. of Org. filed with NV Secy. of Name/addr. of each gen. ptr. avail. at filed with DE Secy. of State, Div. of Orange St., Wilmington, DE 19801. LLC: c/o The Corporation Trust Co., State, NV State Capital Bldg., 101 N. SSNY. Purp.: any lawful activities. Corps., John G. Townsend Bldg., 401 Cert. of Form. filed with DE Sec. of 1209 Orange St., Wilmington, DE Carson St., Ste. 3, Carson City, NV Federal St., Ste. 4, Dover, DE 19901. State, 401 Federal St., Dover, DE 19801. Cert. of Form. filed with DE Sec. 89701. Purpose: Any lawful activity. Notice of Formation of HOOSIER LLC. Purpose: Any lawful activity. 19901. Purpose: all lawful purposes. of State, 401 Federal St., Dover, DE Arts. of Org. filed with Secy. of State 19901. Purpose: all lawful purposes. Notice of Qualification of Andera, LLC. of NY (SSNY) on 5/1/14. Office Notice of Formation of Sherwood 21 Notice of Formation of MS II TP4 LLC. Authority filed with NY Dept. of State location: NY County. SSNY designated Garage LLC, Art. of Org. filed Sec'y of Arts. of Org. filed with Secy. of State NOTICE OF FORMATION OF ELITE on 4/16/14. Office location: NY as agent of LLC upon whom process State (SSNY) 1/7/14. Office location: of NY (SSNY) on 05/13/14. Office JEWELRY HOUSE LLC. Articles of County. Princ. bus. addr.: 325 against it may be served. SSNY shall NY County. SSNY designated as location: NY County. SSNY designated Organization filed with the Secretary of Corporate Dr., Portsmouth, NH mail process to: c/o Paul Hastings agent of LLC upon whom process as agent of LLC upon whom process State of NY (SSNY) on 02/03/2014. 03801. 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Arts of Org filed with the with the SSNY on 2/12/14. Office upon him/her is: 7014 13TH AVENUE, be served. DE addr. of LLC: 1209 location: NY County. SSNY designated Secy of State of NY(SSNY) on location: New York County. SSNY is SUITE 202, BROOKLYN, NY 11228. Orange St., Wilmington, DE 19801. agent upon whom process may be 4/15/14. Office location: NY County. designated as agent upon whom The principal business address of the Cert. of Form. filed with DE Sec. of served and shall mail copy of SSNY designated as agent of LLC process against the LLC may be LLC is: 10 West 47th Street, #1005. State, 401 Federal St., Dover, DE process against LLC to: 149-44 14th upon whom process may be served. served. SSNY shall mail process to New York, NY 10036. Purpose: any 19901. Purpose: all lawful purposes. ave, 2FL, Whitestone, NY 11357. SSNY shall mail process to: The LLC, Holm & O’Hara LLP, Attn: Michael L. lawful act or activity. 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24 | Crain’s New York Business | May 26, 2014 REAL ESTATE

BARE BONES Common ground 225 LIBERTY ST. 1031 THIRD AVE. 636-638 W. 28TH ST. ASKING RENT; TERM: ASKING RENT; TERM: Undisclosed; long- $485 per square foot; ASKING RENT; TERM: term lease 10 years Mid- to high $40s per square foot; 10 years on landmarking SQUARE FEET: SQUARE FEET: 1,800 700,000 SQUARE FEET: TENANT; REPS: 52,350 TENANT; REPS: Time Infinite Beauty; Joseph ajor players on both sides of the long-running debate over Inc.; Michael Colacino Aquino and Faith Hope TENANT; REP: Uber; the future of landmarking in New York City repeatedly and Mitch Steir of Consolo of Douglas Alexander Chudnoff of butted heads at a Crain’s Breakfast Forum last week, but Studley Elliman Jones Lang LaSalle they surprisingly agreed on one thing: The landmarking LANDLORD; REPS: Brookfield Office LANDLORD; REPS: Marolda Properties LANDLORD; REPS: Waterfront New York process itself is sorely in need of reform and improvement. Properties; in-house representation by Inc.; Mr. Aquino and Ms. Consolo Realty; in-house representation by David Cheikin and Jerry Larkin Christopher Flagg and Chris Pachios MFor decades, the city’s development community has complained about a BACK STORY: The skin-care specialist range of issues regarding the Landmarks Preservation Commission’s oper- BACK STORY: The media conglomerate, signed a lease for its first Manhattan BACK STORY: The app firm, which ations, including an extreme lack of certainty about time frames of the de- which will spin off from parent company location, which will feature a store on the connects riders and drivers, will take part cision-making process—some items have been under consideration for Time Warner Inc. on June 6, will take ground floor and a beauty center on the of a floor at the Terminal Stores building, space on six floors. second. according to The Commercial Observer. decades—as well as the commis- volunteer commissioners in order to sion’s criteria for either designating bring a higher degree of profession- risk of so-called negative equity. area. a building or a district as historic. alism, the two camps largely stuck to The Bronx continues to lead the Day-care firm The spot is a special variety of But since the election of Mayor their drastically different viewpoints. city in homes that are worth less takes LES space New York real estate officially des- Bill de Blasio, who has focused on Ms.Breen and the Municipal Art than their mortgages, meaning sell- ignated as community facility space. increased housing development— Society’s Ronda Wist argued that far ing would be a money-losing propo- A day-care firm recently inked a As such, it can be occupied only by particularly the affordable variety— from hindering the city’s economic sition, according to Zillow’s 2014 lease for 6,000 square feet on the a handful of tenant types, schools that process has come under height- advancement, landmarking is a plus First Quarter Negative Equity Re- Lower East Side at a rent of nearly among them. ened scrutiny. It comes as the not just for drawing tourists,but also port. Brooklyn fared the best, with $50 per square foot, demonstrating Developers often include com- mayor’s choice to chair the commis- new high-tech firms. Both noted only 9% of homeowners in a similar that the land rush kicked off earlier munity facility space in buildings at sion, Meenakshi Srinivasan, is that older, quirky buildings, not situation. this year by Mayor Bill de Blasio’s the behest of the city, which in re- about to take over, and perhaps sug- modern glass-box office towers, are The report noted that negative universal prekindergarten proposal turn allows a bigger building to be gest changes of her own. in high demand from young tech equity tends to affect the bottom is still going strong. constructed. “I agree there is room for discus- companies and their employees. price tier of the market—essentially All My Children Day Care & Because of the narrow range of sion, and room for an improved On the other side,Mr.Spinola— the houses that would attract first- Nursery School signed a 10-year tenants that can fill it, such space landmarks process,” said Peg Breen, along with Kenneth Jackson,a long- time homebuyers. lease at 110-112 Ridge St. (photo be- historically has either tended to rent president of the New York Land- time professor of New York history “For anyone who is looking to get low). The property is owned by at rock-bottom prices or to sit fallow marks Conservancy, speaking on a and social science at Columbia Uni- into the housing market, it is a lot Ridge Street Partners, which in- for extended periods. panel at the forum, held at the New versity, and Nikolai Fedak, founder harder to find first-time homes, cludes developer Judah Klausner. But all that changed when Mr.de York Athletic Club.“I hope that this and editor of New York YIMBY since a lot of them are occupied by “This is just the beginning,” said Blasio rolled out his plan to educate discussion continues.” (Yes in My Backyard)—argued that people who are underwater on their Eastern Consolidated’s James 53,000 4-year-olds starting this fall. Seated next to Ms.Breen,Steven landmarking can stifle development mortgages,” said Zillow Famularo, who represent- In response, demand for communi- Spinola, president of the powerful and economic growth. Chief Economist Stan ed Ridge Street Partners in ty facility space has skyrocketed as Real Estate Board of New York,was Humphries. the transaction. “I must firms like All My Children have quick to note a rare patch of com- And even in a place like have two dozen deals sought to expand. In fact, the Low- mon ground between the two or- Bronx homeowners New York City, where pending for day care and er East Side space will be the com- ganizations. underwater nearly two-thirds of the preschools,which has nev- pany’s first Manhattan location, but “I’m glad that everybody seems total units are rentals, that er been the case before.” its 13th citywide. to agree there is room for improve- Nearly one in five homeowners in the can still pose problems be- The school is taking All My Children,which was rep- ment in the process,” he said. Bronx are underwater on their mort- cause those who can’t buy 2,500 square feet on both resented by Ravi Idnani of Eastern But other than a common desire gages,according to a first-quarter re- will stay in the rental mar- the ground and basement Consolidated, plans to open its to make some fixes to the organiza- port released last week that linked ket, driving prices up there levels, plus a 1,000- doors in June. tion, including possibly paying its lower-priced homes with a greater as well. square-foot outdoor play —joe anuta

consumers need. fore it faces stiff competition. Start- Though some retailers, including “They want to purchase these ing this summer,Chinese consumers Bloomingdale’s, do extensive out- Bomoda bags China products correctly and be seen con- who use Alipay, the online payment reach to Chinese customers inside necting with the right brands on the service owned by e-commerce giant their stores, Mr. Buchwald would Continued from Page 3 about Chinese tourists shopping global stage, not just in China,” said Alibaba, will be able to order direct- like to see U.S.retailers invest in mak- is spent by women. without “a clue what to buy.” He and Saul Gitlin, chief marketing officer ly from U.S. retailers that partner ing the online shopping experience Mr. Buchwald’s idea is essential- partners Suki Sun and Alain Roth- of multicultural ad agency Global with ShopRunner. Alibaba invested easier. (Bloomingdale’s and Barneys ly to follow these consumers home, stein launched a Mandarin-language Works and a Mandarin-speaking more than $200 million in the declined to comment for this article.) and let them continue their shop- e-newsletter to help Chinese cus- expert on the Chinese consumer. Philadelphia-area shipping and ping spree year-round. To do that, tomers interested in shopping “Bomoda is not just pointing them handling service last year. ‘Piece of the solution’ Bomoda is innovating where many abroad. Eventually, they saw that the toward products, but helping them And Bomoda needs to build its Improved websites might mean Western retailers have failed: pro- real opportunity lay in combining understand them.” traffic. Mr. Buchwald estimates the less need for some of Bomoda’s spe- viding all the help these customers content with e-commerce. Other features on the site include company has close to 1 million reg- cial features, but Mr. Buchwald be- need to navigate retailers’ websites, The marketplace launched in ear- a tax estimator, translations of istered users from its various media lieves that the addition of Mandarin pay for goods and have them ly May with some 75 retail partners, Western sizes and a tool for recon- channels, which include Weibo (the speakers for customer support, for shipped home from abroad. including Bloomingdale’s and Bar- figuring Chinese addresses—they Chinese version of Twitter), instance, as well as lower shipping neys, and about 70 Chinese “cura- don’t have ZIP codes—for Western WeChat and the newsletter. That costs and clearer return policies, Genuine goods tors”—fashion shipping forms. would be a small number in the U.S., would accelerate the market’s Bomoda is also actively reaching influencers with And for the approximately 50% of let alone in a country with more than growth. So would greater use of out to Chinese consumers on social social-media fol- $450B customers who use a personal shop- 600 million Internet users. social-media outlets like WeChat. media, and nurturing their fashion lowings who cre- TOTAL ONLINE ping assistant, all purchasing takes “Their biggest issue is going to be A Bomoda analysis of some 150 sense with advice from experts. ate their own RETAIL SALES place online so that the pricing is getting traffic,”said Kelland Willis,a top brands and retailers found that Most important in a brand- expected in China less than 10% had a presence on collections. next year transparent.Bomoda also checks out Forrester Research analyst who spe- obsessed country rife with counter- The site al- and “certifies” its personal shoppers. cializes in Chinese e-commerce.“It’s WeChat, which Mr. Buchwald calls feit products: Bomoda guarantees lows shoppers to “People know I get these prod- extremely expensive to buy search essential to reaching consumers. that all goods are genuine. “This is connect directly with retailers. But it ucts through retailers that work with words, and competition is fierce.” “Bomoda is going to be a piece of the first of its kind [in China],” Mr. also offers access to fashion-savvy Bomoda, so they feel safe,” said Mr. Buchwald responds that traf- the solution, but the retailers will Buchwald said. “There is nobody personal shopping assistants, who Katie Ji, a 24-year-old marketing fic is growing by double digits. The have to focus as well on how they can offering a marketplace like this,with have traditionally been go-betweens student at Baruch College who company also has the wind at its back: reach this consumer,” he said. “We authentic, guaranteed products.” for Chinese making purchases on earns commissions on the 100 or so Total online retail sales in China are want to help them,but we’re not go- A guiding figure in the develop- overseas websites because many do orders she completes each month. expected to top $450 billion next year, ing to get there on our own.” Ⅲ ment of Hulu, Mr. Buchwald, 39, got not have Western credit cards. Chinese e-commerce experts an increase of 21% over 2014, com- the idea for Bomoda on a trip to Lon- All this handholding and advice, agree that Bomoda is doing some- pared with $319 billion for the U.S., LISTEN to a discussion at CrainsNewYork.com/podcasts don three years ago,when he was told experts say, is exactly what these thing new,but it may not be long be- up just 10%, according to Forrester.

May 26, 2014 | Crain’s New York Business | 25 IN THE BOROUGHS BROOKLYN Greenpoint’s new mix Continued from Page 3 ers say they will continue to serve hood newcomers but also to the Greenpoint there are also signs that home-style Polish favorites, in- people who made this neighbor- a fair bit of the old may yet coexist cluding beef goulash ($15.99) and hood what it is,” said Ms. Elzien. with the new. pierogies ($6.99), as long as their “I’m really hoping the quirky new Just ask Herman Hernandez, customers come, which they show shops help spur business for the ex- owner of George’s Toy Center at 738 every sign of doing—augmented isting retailers as well.” Manhattan Ave. He is confident by a smattering of new faces as well. Two things are certain,however: enough that he recently renewed his Meanwhile,the Peter Pan Donut Over time, the Polish community lease for another 10 years—though and Pastry Shop, one of the oldest will shrink and rents will rise. not at the rent his landlord had orig- surviving businesses on the avenue, “Once a stronghold of aging inally asked for. continues to crank out hand-made Eastern European immigrants, the “He wanted to increase my rent by doughnuts, as it has since 1954. neighborhood is now attracting 65%,” said Mr. Hernandez, whose Only now the line of people waiting younger people who cannot afford old-fashioned shop carries every- outside its door in the morning to live in Williamsburg,” said thing from Barbie dolls to Lego sets. boasts at least as many new-to-the- Michael Breen,a real estate agent at “I was able to cut neighborhood faces as old—which Douglas Elliman, who covers 36,934 that increase in accounts for why the line is longer Williamsburg and Greenpoint.

POPULATION half.” than ever.As well it should be.In the He predicts that those numbers philip murtha Perhaps era of the hybrid $5 Cronut, Peter will swell still further with the THE STRIP’S OLDEST SHOP is a big hit with new arrivals. buoyed by that Pan charges a mere $1.10 for its opening of the Greenpoint Land- 44% success, Mr. classic glazed donut and $1.55 for its ing Development. The waterfront RESIDENTS of Hernandez is chocolate éclair. complex, which will begin con- per square foot in rent. Ms. Pei said 40-year-old family-run shop, the Polish ancestry optimistic. struction in 2015, will include more she liked the feel of the neighbor- rent became unaffordable. “When I Migration from Billyburg than 1,400 housing units spread hood and thought it “a good fit” to During the past few years, they $75,000 first bought the Just as many veteran businesses among 10 high-rise towers, as well sell her imported Northern Euro- and at least 10 others along Man- AVERAGE store, this was a prosper by cultivating the new as a new park and a school. “More pean roasts. At $7 a cup, they are hattan Avenue have been replaced HOUSEHOLD strong Polish crowd and holding on to the old, retail is naturally going to follow an specially brewed and served in small by such newcomers as Van INCOME community, but some of the fresh arrivals on the av- influx of people to this area,” he carafes on shiny chrome-plated Leeuwen, an artisanal ice-cream Source: 2010 U.S. Census now I’m seeing enue are targeting a similar mix of added. platters. And while the asking price shop, and Torst, a Danish beer bar. younger profes- patrons. The recently opened Costs, too, are on the rise as the paid by Ms. Pei is not yet the retail “A lot of people are complaining sionals and younger families,” said women’s boutique Violet Pepper at new generation of retailers swal- norm, that day will come. that rents are rising and it’s getting the retired police officer turned re- 688 Manhattan Ave.is an example. lows previously unheard-of rents. more expensive,” said Paul Kang, tailer.“This is a bustling avenue,and The store, owned by eight-year Among them is Crystal Pei, the Rising rents who is closing his nearly 40-year- they are patronizing the stores and Greenpointer Jade Elzien, sells owner of Nordic-themed coffee- In just the past three years, aver- old Imagic Photo store on Man- spending money.” everything from $99 Bass tasseled house Budin. For a 1,950-square- age retail rents have spiked 50%, to hattan Avenue because of dwin- Others are also staying put. At loafers to $168 Emma Legging foot shop on Greenpoint Avenue $60 per square foot. For longtime dling business. “But change is the 17-year-old Polonia Restau- jeans. just off Manhattan Avenue, she businesses, including Jam’s sta- good. It brings new life to the rant at 631 Manhattan Ave., own- “I want to cater to the neighbor- agreed to shell out a whopping $70 tionery and Zayas Appliances, a neighborhood.” Ⅲ

opened a factory in Lexington, grease from Albany. Subsidy wars target New York Ky.—its first outside the Northeast. New York City itself is no slouch Last year, Tiffany increased its staff with it comes to doling out tax of diamond setters and polishers breaks.CBC says the city started do- Continued from Page 1 executives have said that they are eye- uted to big banks cutting staff in there by 75, to 200. ing so in earnest in 1974, when sev- the biggest possible defection of all, ing sites on both sides of the Hudson. areas like mortgages and trading, To date, Tiffany has received eral insurance firms got incentives to drawn by low corporate tax rates CBC President Carol Keller- where business has fallen off in recent about $7 million in state subsidies. keep jobs here. A generation later, across the ocean,Pfizer has bid $100 mann has heard such declarations of years. But at the same time, banks It’s a sum that local officials insist was such generosity sparked a huge out- billion for British rival Astra- unilateral disarmament before. have added personnel in lower-cost well spent: “It has really helped us cry when outfits such as Bear Stearns Zeneca, in a deal in which the “People usually talk tough about locales offering rich deals. having the Tiffany brand name and even the New York Stock Ex- Brooklyn-born, Manhattan-based giving companies subsidies,” she JPMorgan’s arrangement with here,” said Bob Quick, president of change were granted big subsidies drug giant would shift its headquar- said. “Until they can’t resist because New Jersey calls for the bank to cre- Commerce Lexington. after threatening to sail across the ters to London. the competition gets too much.” ate 1,000 jobs in Jersey City in ex- Hudson. In 2012 alone, the city lav- It’s all a replay of a costly battle That point may be fast ap- change for $225 million in tax cred- Empire State strikes back ished $1.6 billion on incentives to that raged in the 1990s—and one proaching. Signs are mounting that its over 10 years. The technology Ironically, one of the reasons stoke economic development, ac- New York officials want no part of. the efforts of New Jersey and other and operations jobs will offer medi- New Jersey officials upped the sub- cording to the CBC—more than “We’re not going to negotiate states and municipalities to lure jobs an pay of $120,000, according to sidy ante is that jobs were vanishing double the amount of such goodies a against other states,” said Alicia from New York companies are hav- state documents.Those are modest- from their own state. Last year, car- decade earlier. Glen, deputy mayor for housing and ing an impact. paying jobs by Wall Street stand- renter Hertz moved its headquar- Now that the subsidy wars have economic development,at a Citizens Wall Street jobs continue to slip ards, which helps explain why the ters, along with 700 good jobs, to resumed, it’s hard to envision any- Budget Commission event last week. away, hitting a post-2008 low of exodus hasn’t yet harmed New Florida from New Jersey in ex- one surrendering. In her remarks “We are sticking to our guns.That is 161,600 in March, down from a pre- York’s tax revenue, as the high earn- change for $85 million in incentives, last week, Ms. Glen speculated that not a game we’re going to play.” crash high of 194,000, according to ers stay put. according to Good Jobs First,a sub- budget problems would force New the most recent data from the U.S. Other types of companies are sidy watchdog group. Jersey to ease off on incentives. The Targeting Wall Street Bureau of Labor Statistics. Perhaps also heeding the siren call of New Last year, the state also hemor- Garden State’s Mr. Lizura begs to Speaking on the same day that more troubling, 8,000 securities- York’s competitors. Early this year, rhaged jobs when Swiss drugmaker differ. Even if New Jersey gives up a Bank of New York Mellon agreed to industry jobs that were regained in Manhattan-based drugmaker Roche opened a research facility slug of tax revenue to gain jobs, it sell its headquarters building at 1 New York as the financial crisis reced- Bristol-Myers Squibb opened a fa- in—of all places—Manhattan, in still ends up with more than it would Wall St. for $585 million, Ms. Glen ed have disappeared in the past three cility in Tampa, Fla., where it exchange for $6.6 million in subsi- have had otherwise, he argued. insisted the city would refrain from years. That loss comes at the same pledged to create about 600 jobs in dies from New York state. And just “We’re better off with these proj- doing “any sort of special deal” to en- time that the industry’s nationwide exchange for nearly $7 million in in- last week, Time Inc., which looked ects than without,” he said. courage the bank to keep jobs within head count has grown by 14,000. centives. at possible headquarters sites in Currently,he has his eyes on win- the five boroughs. Meanwhile, bank Some of the decline can be attrib- Similarly, law firm Kaye Scholer New Jersey,said it will instead move ning over Bank of New York Mellon shifted about 100 back-office jobs from midtown to downtown, reap- as well as a host of companies in CORRECTIONS to Tallahassee, Fla., last year in ex- ing millions of dollars in New York technology, life sciences, health and change for $448,000 in incentives. state subsidies. manufacturing. Last year, he doled Bonita Coleman Stewart is one of several female vice presidents at the Google New York City operation In July, law firm White & Case Similarly,the U.S. arm of Toron- out $1.3 billion in corporate assis- and heads the Google team that works with large publisher partners. Those facts were misstated in the May 19 “Women to watch in NY tech.” In addition, Kathleen Utecht is a venture partner at Core plans to open a services center in to Dominion Bank, now headquar- tance, nearly twice as much as in Innovation Capital. The name of the firm was misstated. Tampa that is expected to employ 50 tered in the Garden State, is eyeing 2012, and he’s not done yet. Hudson River Park receives capital funding from the city and state, but funds operations and people, a spokesman said. a big lease at a spire set to rise across “I wouldn’t be surprised,”he said, maintenance through its income and donations. The source of the funding was misidentified in the May Three years ago,one of the bluest Vanderbilt Street from Grand Cen- “if we exceed that this year.” Ⅲ 19 Source Lunch, “Trusting the future of Hudson River Park.” of the city’s blue-chip companies, tral Terminal, according to The Wall BotObjects’ ProDesk 3-D printer can meld five colors to create a new color. That fact was misstated in Tiffany & Co., blazed a path in a Street Journal, in a deal that would LISTEN to a discussion at the May 12 “3-D printer war’s new dimension.” different direction entirely. It also likely include some financial CrainsNewYork.com/podcasts

26 | Crain’s New York Business | May 26, 2014 SMALL BUSINESS ‘Shiny’ opportunities lure owners Small firms look specialists, project managers, and would work on increasing the data es have their eyes on the network’s sales and marketing representatives. collected in the system. potential data mine.“We want to tap to new health data “Each of the RHIOs is essential- Manufacturers of personal fitness into the SHIN-NY data,”said Frank ly a small business,” he said. devices and software also hope Sculli, a biomedical engineer and co- network for growth SHIN-NY will help their businesses. founder of BioDigital, a SoHo- New customers At Fitango, a four-year-old Manhat- based software company that special- At Healthix, an 18-employee tan company founded in 2010, izes in creating computerized 3-D BY GALE SCOTT Manhattan-based RHIO that founder Dov Biran said SHIN-NY pictures of medical conditions (see serves 50 hospitals in the borough could bring his “patient-engagement Gotham Gigs, Page 8). n a much-anticipated move, and on Long Island, company Pres- platform” new customers. The soft- With more data, Mr. Sculli said, CHRIS BRADLEY’S Mana the New York state Legisla- ident Tom Check said he expects to ware lets users,their doctors,and their he plans to do patient-specific im- Health won the bid for the ture recently agreed to spend hire about 11 people. insurers track their health habits. aging. SHIN-NY “will absolutely state’s patient contract. Ⅲ $55 million to create a Mr. Check said other new hires Meanwhile,other small business- advance technology,” he said. buck ennis statewide digital highway for INew Yorkers’ medical records. Known as the State Health In- formation Network of New York, and called “Shiny” for its acronym, SHIN-NY, the project will connect millions of patients, thousands of doctors and scores of health care sys- tems in New York state. A completed network will also be a boon to dozens of small business- es, including biotech startups— both through directly creating jobs related to building the network, and opportunities that will come with access to a new big data mine. Health systems and hospitals will be among the first to benefit from SHIN-NY. They’ve already spent tons of money on computerizingQBE health records, and are under feder- al pressure to continue doing so. “Hospitals have made invest- ments in health-information tech- nology,” said Zeynep Sumer, vice president of regulatory and profes- sional affairs for the Greater New York Hospital Association, a trade Diversified group.For now,access to that data is available only within local networks. There are currently 10 such systems, known as Regional Health Infor- mation Organizations, or RHIOs. Expand your opportunities with a company Economic engine that off ers a diverse and specialized North Completing the network will mean that these regional systems will be able to talk to each other. American insurance portfolio, including That will allow hospitals “to secure- ly communicate important clinical Property & Casualty, Crop, Program & information with a patient’s entire care team,” Ms. Sumer said. Specialty, Financial Services and Reinsurance. A less-noticed benefit is that its completion will give scores of small businesses an economic boost. One such company is Mana Health,a startup near Times Square whose co-founder and chief execu- tive,Chris Bradley,won a state com- petition to design the best patient portal for SHIN-NY, followed in August by a contract. Mana Health’s software for the portal is due to be tested when the At QBE, we have the resources, products and people to insure program is rolled out in June, though all types of risk, with a team of more than 6,000 employees in Mr. Bradley said, “I’m not at liberty over 80 off ices across the United States. We can provide the to discuss contractual details.” coverages to help turn possibilities into reality for all types of At the New York eHealth Collab- orative, a nonprofit that will oversee businesses across the middle market and large corporations. the network, Chief Executive David After all, challenges, goals and dreams are diversified—so your Whitlinger said completing SHIN- insurance options should be too. NY will create about 160 jobs in New York City, many at the existing re- For information visit QBEdiversified.com gional organizations. They will need more software developers, clinical @QBENorthAmerica

To sign up for Crain’s QBE and the links logo are registered service marks of QBE Insurance Group Limited. SMALL BUSINESS newsletter, go to © 2014 QBE Holdings, Inc. www.crainsnewyork.com/smallbiz.

May 26, 2014 | Crain’s New York Business | 27 Car-wash owners’ bumpy road

Continued from Page 1 vi, president of the association, prowess. The magazine public money furthering an effort to which he formed when it became made an eyebrow-raising unionize private employers. clear that unions were targeting car statement intended as “It’s an absolute hijacking of tax- washes. “It just feels like we’re get- praise: that many of Make payer dollars when they’re connect- ting stomped on.” the Road’s core services, ed to these kinds of politics,” said some taxpayer-funded, are Richard Berman, executive director Car-wash settlement available on the condition of the business-backed Center for Make the Road’s tax-code status that beneficiaries attend at Union Facts in Washington, D.C., as a 501(c)(3) nonprofit gives it least two Make the Road whose father owned two car washes more leeway than unions to organ- “activities” per month, akin in New York City. ize picketing and boycotts of busi- to paying “dues.” “These are employees without nesses. The group also faces fewer That approach, termed DETAILS, DETAILS: many skills, not connected with the transparency requirements. Its long the “high-touch model,” Car-wash owner Stuart Markowitz said the City workforce,” Mr. Berman said. “And history and service programs in im- was cited in the article as a Council bill would lead it’s easy for them to be led in a cer- migrant Latino communities— key to the nonprofit’s suc- to layoffs. tain way.” where jobs are typically low-wage cesses. Make the Road’s ac-

and nonunion—have made it a tivities include community- buck ennis ‘Mosquito vs. gorilla’ valuable ally for the Retail, Whole- organizing and educational Make the Road’s roots lie in late- sale and Department Store Union in events in locations called “worker permits, we prioritize people who owners to regulations that measure 1990s organizing campaigns in New its campaign to organize car-wash centers.” can become active,long-term mem- their “character,” an approach used York’s Hispanic community in workers. During the past decade, The nonprofit’s 2012 tax return bers of the organization.” in industries that,unlike car washes, Bushwick, Brooklyn, but its reach RWDSU has paid Make the Road lists $6.2 million spent on programs: At least once, taxpayer funds have a history of organized-crime now extends across the city and into hundreds of thousands of dollars, nearly $2.3 million for “organizing have gone directly to Make the involvement. Long Island. including $52,000 last year, for a projects,” $1.7 million for legal serv- Road for efforts targeting employ- A clause in a previous version of In its 2012 annual report, the number of initiatives. ices and language training, and $1.5 ers. In 2013, Queens Council- the bill reduced the surety bond to group labeled itself a “robust multi- Another nonprofit, Acorn suc- million to educate community resi- woman Julissa Ferreras earmarked $30,000 for unionized car washes. service powerhouse”that aided tens of cessor New York Communities for dents on “basic skills and, at the same $12,000 “to support campaigns to Though it was later removed, the thousands of people that year and had Change,which is strong in African- time, … root causes of the problems secure just wages and improve clause reinforced car-wash owners’ registered 20,000 immigrant Latino American neighborhoods, was paid we face.” working conditions,” according to belief that the bill is intended pri- and African-American voters. $59,000 last year by the union. council records. Ms. Ferreras said marily to promote unionization. Its most recent publicly available The car-wash campaign started The ‘holistic’ approach she allocated the funding “to com- Ms. Mark-Viverito, the sponsor of tax return shows Make the Road re- two years ago with allegations that Make the Road has state contracts bat the persisting issue of wage theft the legislation, recently met with ceived more than $2.3 million from owner John Lage paid less than worth hundreds of thousands of dol- in and around my district.” owners to hear their concerns. A city, state and federal sources in minimum wage and only a fraction of lars to teach English and provide le- Make the Road’s organizing has hearing is expected in early June. 2012—its largest source of income his employees’ unemployment- gal help for immigrant workers, sometimes met resistance. The The owners acknowledge that out of $8.3 million in total revenue. insurance costs.Mr.Lage,along with records show,and at least $600,000 in “greeter” at Mr. Rotlevi’s car wash, a some of them have struggled to com- Unions pay the group to conduct two partners, is the largest car-wash active state contracts to run “opportu- key employee in charge of selling ply with wage-and-hours regula- organizing drives on their behalf,and owner in the city, with 21 locations. nity centers”where organizing events various packages to customers, said tions,but some say they are moving to Make the Road’s political arm,which They settled the attorney general’s also take place.The nonprofit dubs its that Make the Road organizers had fix the problems in light of the union spent at least $27,000 on last year’s charges for $3.9 million.During that model a “holistic” approach. taken him out to eat and tried to sell drive.They contend that the industry City Council elections,has enhanced time, four of Mr. Lage’s shops joined Ms.Axt told Crain’sthat Make the him on the merits of unionizing the as a whole should not be forced to pay the nonprofit’s influence. Powerful RWDSU, bringing the number of Road’s services are sometimes “prior- shop. But the worker, whose first for Mr. Lage’s highly publicized vio- elected officials line up for its causes: unionized city car washes to seven. itized” for people who frequently at- name is Johnny, said he didn’t want lations, and that the council bill Ms. Mark-Viverito, Mayor Bill de Announcing the settlement tend the group’s events. But she union dues taken out of his pay- would cost jobs, hurting many of the Blasio and state Attorney General earlier this year, Mr. Schneiderman stressed those activities were not just check. Car-wash owners say they workers it intends to help. Eric Schneiderman recently attend- praised RWDSU and its organizing campaigns targeting busi- prevented a unionization effort on Stuart Markowitz, who owns a ed a rally for car-wash workers and community-group allies at a press nesses, but “know your rights” train- Long Island by telling workers of basketball-themed car wash in their unionization efforts. conference for bringing the allega- ing and “citizenship clinics.” the six-figure salaries made by top Brighton Beach,Brooklyn,with for- By contrast, the 90-member As- tions to his attention. Turning to “No person we aim to help is ever officials of the Retail, Wholesale mer Knicks player Charles Oakley, sociation of Car Wash Owners is two one of Make the Road’s three co- required to participate in organizing and Department Store Union. said the requirements in the council years old and has a budget of about directors, Deborah Axt, the attor- drives in order to receive our servic- bill could force smaller operations $45,000, which it recently used to ney general called the group one of es, taxpayer-funded or otherwise,” Legislation fit for mobsters like his to eliminate labor-intensive hire public-relations firm George his “partners in securing justice, day Ms.Axt said in a statement.“But we The Make the Road-authored interior-car-cleaning services. Arzt Communications and lobbyist in and day out.” have found that we are most effec- City Council legislation would force “The price of everything else is Bender Cantone Consulting. That victory was followed in 2013 tive when we can offer integrated car washes with 20 or more employ- skyrocketing, and now you add “We are a mosquito facing an by a glowing article in The Nation de- programs and services to people on ees to pay a $300,000 surety bond this?” said Mr. Markowitz. “I would 800-pound gorilla,” said Mr. Rotle- tailing Make the Road’s organizing a long-term basis.So where funding per location. It would also subject have to lay off 25 guys.” Ⅲ

He also runs fast-food outlets to as Penn Station and Pennsylvania Fast food out at Penn and a T.G.I. Friday’s on the upper Station at different locations. level, where Amtrak is his landlord. Amtrak will also replace its out- Those stores, which have several dated schedule board in the main Continued from Page 3 the retail tenants on the street so that more years left on their leases, are waiting area with a flat LED display cording to sources. He operates we can populate them with better, profitable, he said. Amtrak cus- board, similar to those used in air- about 10 mostly grab-and-go food more contemporary, more exciting tomers, he added, are less hurried ports, and add schedule monitors outlets, and a shoe-repair shop, tenants and restaurants,” The Wall and spend more time shopping. throughout the building. along the north side of the same pas- Street Journal reported. Amtrak will also likely upgrade “We want people to be more

sageway—including Moe’s South- For its part, the Riese Organiza- buck ennis its retail tenants “over time,” said comfortable sitting in the waiting west Grill, Rose’s Pizza and Pasta, tion had been operating on the low- EYESORES? Riese restaurants at the station. Mr. Gerlach. “The retail profile is areas and not clustering around the and Planet Smoothie. He did not er level without a long-term lease for being examined. We did hear that big board,” Mr. Gerlach said. return calls for comment. many years.It also owns a T.G.I.Fri- people were dissatisfied.” Other initiatives call for relocat- Mr. Kaplan was investigated by day’s there, which will be closing. for his space. Sources say Vornado is As Vornado sorts its retail plans, ing a homeless-outreach center on the FBI 14 years ago for controlling “In the past, Vornado has always leasing the 30,000 square feet that the three railroads have collaborat- the upper level to elsewhere in the so much real estate in the station and extended my lease for three years at Riese occupies to Duane Reade, ed on the “Visioning” study, which station in order to reopen a part of the for his alleged ties to organized crime, a time, though it was cancelable which will relocate its current will be used as a map for improve- West 32nd Street entrance that had according to various news reports. At with 30 days’notice,”Mr.Riese said. lower-level store. A Duane Reade ments to the station,with the first of been closed, giving New Jersey com- the time, he said that his “acquain- “Our term ended [recently], and spokesman declined to comment. its initiatives happening this year. muters better access to the subways. tance” with the Gotti family had no they didn’t extend it or articulate New signs throughout the station “We have these railroads that have bearing on his holdings at the station. what they are doing.” Money-losers will be installed to help travelers bet- a separate backroom function,” said Vornado is also targeting real es- Mr. Riese also speculated that Mr. Riese said his restaurants on ter navigate the warrenlike environ- Mr. Gerlach. “We are looking at tate it owns surrounding the station. Vornado wants to emulate Grand the lower level have not been prof- ment of the building. The initiative whether we can clear out areas by con- Chairman Steven Roth told investors Central Terminal: “They see what itable for some time, which he at- will also more clearly identify the six solidating some of our functions.” Ⅲ a year ago at a Citigroup conference happened at Grand Central, where tributes to rent increases and the fact entrances to the station,highlighting that his company is “in the process of there are trendy local food shops.” that most people are rushing to all three railroads and using one LISTEN to a discussion at turning over and buying out a lot of But food may not be on the table LIRR trains or the exits. name for the facility,which is referred CrainsNewYork.com/podcasts

28 | Crain’s New York Business | May 26, 2014 HELLUVA TOWN INSIDE Source Lunch A Mags join lawyer brings women to forces the sciences PAGE 30 Condé Nast Out and About Traveler’s new editor, Pilar Chow down on the Upper Guzmán, has linked West Side PAGE 31 up with Condé Nast sister pub Details to do something that no two titles have ever done at the tony publisher: collaborate on assignments. Ms. Guzman, who joined Traveler in September, has been working on making it a cooler, hipper magazine. She teamed up with Dan Peres, longtime editor of the cooler, hipper Details, to give a joint assignment to two contributors—hotelier Jeff Klein and chef Ari Taymor. Both proudly bicoastal, Messrs. Klein and Taymor have produced a foldout guide to New York bars, restaurants and other sites that appears in the June issue of Traveler.Their Los Angeles guide appears in the June/July Details. “We’ve never had two editors collaborate in that way at our HIGH-ENERGY company,” said Traveler Publishing ARRANGEMENT: Bill Wackermann Director , who Maxim Shafir with his Grey Goose brought in as the manny, Alan Bach advertiser for this “mashup.” Traveler’s ad pages were up 12% in the first quarter, according to Publishers Information Bureau; Details’ were up 2%. “Very simply, we want to signal we are skewing younger,” Ms. Guzmán said. “We are a luxury brand, and the luxury audience is getting younger.” —matthew flamm B’klyn gym fit for expansion

Fitness studio Brooklyn Crew— think SoulCycle but with rowing machines—is ready to expand to Manhattan. Founders Josh Ozeri and Rob Minucci, both 26, opened their Williamsburg shop last spring. For the past month, they’ve been scouting TriBeCa and Union Square, where rents range from $150 to $225 a square foot, according to Gordon Ozeri, 24, who handles PR for his brother’s budding company. The Williamsburg spot is The manny diaries about 1,000 square feet and offers three classes a day, at $38 per session, with package discounts As gender roles evolve, more families are hiring available. The founders hope to find 3,000 square feet in Manhattan, so they can add male nannies to take care of their kids showers and other amenities. “We

want to offer more service to our buck ennis clients,” said Gordon Ozeri. He said it will cost about $300,000 to DUDE CARE open the new space, with a launch BY MIRIAM KREININ SOUCCAR date sometime this fall. Though it has an East River ike many New York City kids, Maxim had a middle-age nanny who cared for view, the current shop is a long him until he was 3½ years old. But then his mom, Alia Shafir, came home on walk from the L train. “So many people have requested a location maternity leave with his twin siblings. As she saw Maxim interact with his [in Manhattan]. Some of our caregiver, Ms. Shafir began to realize her active preschooler needed a sitter 5.7% clients commute from midtown, PORTION of UrbanSitters’ the West Village; even some with energy to match. ¶ Six weeks ago, she hired a 25-year-old guy to watch nannies nationwide who Brooklyn clients [want a her son, and her boy has never been happier.The “manny,” an aspiring are male Manhattan option],” Gordon musical-theater actor named Alan Bach who recently moved to the city with Ozeri said. —valerie block his wife, has endless vigor. He plans adventures for the duo across the city, roughhouses, plays soccer in the park, and even sings songs from Frozen before bedtime. When Maxim goes to bed, Mr. Bach helps Ms. Shafir with the twins until her husband, an investment Lbanker with long hours, gets home. ¶ Now other moms at Horace Mann, where Maxim attends 8% preschool, are asking how to find their own male sitter. ¶ Hiring Mr. Bach was “the best thing I PORTION of UrbanSitters’ have ever done,” said Ms. Shafir, who works at Bloomberg LP.“I’m glad people are getting over nannies in New York who the stereotype of getting creeped out by guys watching kids. Last night, See CHILD CARE on Page 30 are male

LISTEN to a discussion at CrainsNewYork.com/podcasts May 26, 2014 | Crain’s New York Business | 29 SOURCE LUNCH: Child care, manny style FAITH CHARLES by Irina Ivanova Continued from Page 30 professional opera singer and for- essentially private teachers and pri- I had tears in my eyes watching mer manny, founded NYC Man- vate coaches.” them sing together.” nies last July. He got the idea when The majority of families look- Male nannies have been fixtures he was a manny for an Upper East ing for a manny are headed by in popular culture—think old tele- Side family last year and was con- single moms, are lesbian couples, NY women take on vision shows Charles in Charge and stantly approached in the park by or are families with active Mr. Belvedere—and more recently other families asking where they elementary-school-age boys, on the sitcom Modern Family. But could find someone exactly like child-care executives say.But a sur- the biotech sector though the bulk of child-care him to watch their kids. prising number of people with providers are still women, in the Since he opened his agency,Mr. young kids and girls are also will- past several years more families Brandon and his business partner, ing to hire a guy. have been choosing men to look af- Mr. Brandon said more than iotech lawyer Faith We launched in January.We had 125 ter their kids. 50% of his company’s clients have Charles bridges the people at the first event, which was ‘As more boys, but they receive many re- worlds of law and sci- the evening after a snowstorm— Open-minded parents quests from families with girls. He ence. She chairs the life doctors, nurses, CEOs, CFOs, mar- At Heyday Nannies, an agency people see has also been getting requests from sciences group at law keting people, accountants. We just that places nannies in Manhattan male nannies families with children as young as 1 Bfirm Thompson Hine. As president did an event about women in the and Brooklyn, the number of year old. of the newly formed New York met- C-suite. We have a charity walk mannies placed has doubled in in action, they “It’s not just parents of 10-year- ropolitan chapter of Women in Bio, planned, and another event about the past two years, to 10% of all old boys who play sports who want she also works to get more women different types of health financing. bookings. realize what a a male,” Mr. Brandon said. into her field. There’s also a Young Women in Bio Nannies4Hire has seen a 10% A number of mothers who have program that goes all the way [down] increase in male nanny hires during cool thing it is’ hired mannies say they are simply How did you get to be the head of life to middle school. the past year, and the number of easier to work with in the often- sciences at a major law firm? jobs male sitters have gotten from tricky relationship between parent The first IPO I ever did,in 1987,was How does that work? UrbanSitter, a site where parents and caregiver. in the life sciences. It taught me a lot We go to middle schools and high and sitters connect, doubled in about the industry. Everything schools to show them what’s possible 2013 from the previous year. Ismael Mercato, have placed more Rough-and-tumble around the new company, including in the field. It may be that we give “More families are open to con- than 100 guys in New York City. “The male nanny brings a differ- finding the management, directors them a tour of a lab. We could intro- sidering a male nanny than ever be- Mr. Brandon puts prospects ent energy,” said Annabelle Corke, and everything else, we did. After duce them to the CEO. fore,” said Candi Wingate, presi- through a rigorous screening president of Heyday Nannies. they went public, I then had to learn Our goal is to make more women dent of Nannies4Hire. process, choosing only about 10% “They don’t have an attitude or read how to do all the compliance work. leaders in whatever they choose to Ms. Wingate said the trend of applicants. Most of the mannies into everything.They just do it.” Each time they did an acquisition, I do. Not everybody wants to be a dovetails with changes in gender are in their 20s and all have at least Charlotte Cohn hired a manny had to do that. Every time CEO. But they want to be roles in the country in recent years. a college degree, if not a master’s. from Mr. Brandon’s company for they had a license with WHERE the best at what they “There are more stay-at-home Ms. Shafir used the agency to find her 8-year-old daughter, Imogen, pharma, I did that. If they THEY choose to do. dads and more stay-at-home dads Mr. Bach. last year. Ms. Cohn, an actor, and had a supply agreement, I on TV,” she said. “People are be- her husband, Jason Williams, a had to do that. DINED You’re involved in a lot of coming more open-minded.” International expansion writer for the show Brain Games, The ultimate ending MARLIN BAR women’s groups. How do New York is at the forefront of The company is now looking for had used traditional female nan- for me is to see a product 551 Fifth Ave. manage your time? this trend. Parents are more pro- office space and is planning to ex- nies before but said they were the on the market and feel like (212) 537-0960 I love smart people. I also gressive here, experts say, and there pand to other states and even other type whom one often sees in play- I was a part of it, even AMBIENCE: love starting a group. The is a large pool of male actors and countries,where some parents want grounds sitting on park benches, though I didn’t actually Upscale and Women in Bio group al- relaxed tiki bar freelance workers who are looking English-speaking sitters who are talking to other nannies and “ig- develop it. inside Tommy ready had the foundation for ways to supplement their in- good at sports to take care of their noring the children.” Bahama for a New York chapter. You have a very personable come. UrbanSitter executives said kids. The duo is also developing a “Imogen needs someone who WHAT THEY ATE: Similar to Thompson demeanor. Is that something 5.7% of their available sitters na- reality show with a male nanny. can play and get down and dirty and Hine, where they had all you actively cultivate? Seared ahi tuna tionwide are male,but in New York “As more and more people see rough-and-tumble,”Ms.Cohn said. with vegetable the elements to have a life the number jumps to 8%. male nannies in action and meet The manny Ms. Cohn hired, an I like to help people. succotash, decaf sciences group,but I had to Now there’s even a Manhattan them,they realize what a cool thing opera singer named Scott, moved That’s one reason I’m very latte take it to the next level. agency that focuses solely on plac- this is,” Mr. Brandon said. “These to Las Vegas in February, and all of involved with women’s Grilled wild ing male nannies. John Brandon, a are normal, great guys, and they are Imogen’s friends are still asking for groups. Years ago, I had salmon salad with What are your plans for tomatoes and Women in Bio? him at school, where he used to put together the alterna- mango salsa, pick them all up just with one arm. tive to the golf outing, a decaf coffee I committed for three years Ms. Cohn said when she first spa thing. I went to all dif- PRICE: $57.82, [as chapter president]. I HAIRY POPPINS hired a manny,her friends were sur- ferent people [at the firm] including tip hope we get to a point IT’S NOT JUST PART-TIME MANNIES who prised she would leave her daugh- to ask if it was too girly, where we’re doing events are becoming more popular, but even ter with a heterosexual guy. and they said,“No,no,no.” all the time and having dif- And you know what? People made ferent speakers. Some people may male au pairs. But though Ms. Cohn didn’t allow bath time or changing with deals. not like to network, so having a pan- Though the number of male au pairs Scott, she said that having a guy el and just a little networking gets placed by Culture Care Au Pair has held around actually made her feel safer At the spa? them excited. Networking’s scary. steady at about 5% during the past few about her daughter going around Yes, they did! Well, they made the years, executives at the agency say they the city. networks there, and they made the How do you make it not scary? have noticed a growing interest in the Ms. Cohn believes that because deals afterward. How many people like to go into a trend—especially for families with boys. being a manny is still somewhat of huge crowd not knowing anybody? I Maren Reese, the set dresser for a novelty, male caregivers try hard- I feel there’s still pressure for women to don’t. For Women in Bio, their goal James Spader on the show The er to do a good job. “He was amaz- not do things that seem too girly. is 100 people or fewer for a network- Blacklist, had two female au pairs ing; he wasn’t just passing the time Look, you don’t know where you’re ing event. So if you’re not interested before she started hiring men to watch for a paycheck,” she said. going to meet people. I’ve met peo- in networking, you still could come her 7-year-old son, Sage. Now on her Indeed, Mr. Bach, Maxim’s ple getting my hair blown out. We to a panel, and then leave before the

second male au pair (au pairs work for reese maren manny,looks for innovative recipes can’t say that that’s a girly thing, be- networking starts. But if there is no only one to two years with a host family), she says she will never hire a for toddler meals in his free time. cause hello, if you’re a professional, panel, you wouldn’t come to the female again. And he is constantly coming up you have to look good! event at all. “With the female au pairs, if I ever had to work on a weekend, I would get with ideas about places to take But I do find that when women the roll of the eyes,” Ms. Reese said. “Boys really love to help and are a Maxim around the city. Tell me about starting a Women in Bio network solely with women, people really strong role model for my son.” “I love it,” he said. “I’m a little chapter in New York. are less nervous to come to events. Sage’s current au pair, Fabian Paternina (pictured with Sage), is a 27- surprised that on my off time I’m year-old from Colombia. The two of them play cards and soccer thinking about Maxim and what together, and Fabian is always ready to roughhouse. fun things we could do and ex- WHO KNEW? Prior to law school, Ms. “The boys are more willing to be physical, whereas the girls say, ‘Let’s plore.” Charles studied clinical psychology, which draw,’ ” Ms. Reese said. “It’s the physicality that my son is attracted to.” LISTEN to a discussion at —MIRIAM KREININ SOUCCAR CrainsNewYork.com/podcasts improved her people skills, she said.

30 | Crain’s New York Business | May 26, 2014 OUT AND SNAPS Robin Hood Foundation, NYU Langone raise millions ABOUT by Ali Elkin and Theresa Agovino

CULTURE FIX CAREER BUILDER THURSDAY, MAY 29, TUESDAY, MAY 27 THROUGH SUNDAY, JUNE 1 The New York Public Library’s As part of the Cherry Science, Industry and Business Orchard Festival, the Library will host BROKERS, Vakhtangov State Academic FINANCIAL PLANNERS, INVESTMENT Theatre of Russia will ADVISERS: HOW TO PICK ONE. The perform EUGENE ONEGIN, myasnikov valeriy event will highlight the differences based on the Alexander Pushkin novel, at between types of services and New York City Center. The play received when one might need any of them. good reviews from European papers and The free seminar will run from 6 features music by Tchaikovsky and p.m. until 7:30 p.m. The library Shostakovich. Performances are at 8 p.m. is located at 188 Madison Ave. Thursday through Saturday and at 3 p.m. on For more information, visit owen hoffman/patrick mcmullan owen hoffman/patrick Sunday.Tickets start at $35 and are available www.nypl.org/locations/sibl. TAMSEN FADAL and JULIA MONK at the 13th Annual photography brady jay online at www.nycitycenter.com. New York United Cerebral Palsy of New York City Women Who THOMAS TISCH, KENNETH LANGONE, JAN VILCEK and MARTIN LIPTON at the May 8 City Center is at 131 W. 55th St. SUNDAY, JUNE 1, Care lunch on May 7. The event raised $550,000. benefit for the NYU Langone Medical Center, which brought in more than $6.2 million. THROUGH TUESDAY, JUNE 3 SATURDAY, MAY 31 The NYU INTERNATIONAL BOOKCON, a new pop-culture confab at the HOSPITALITY INDUSTRY INVESTMENT Jacob K. Javits Convention Center, 655 W. CONFERENCE at the New York 34th St., will feature popular authors and Marriott Marquis at 1535 personalities, including John Green, James Broadway will include appearances Patterson and Mario Batali. The event will by Jonathan Tisch and Ivanka run from 9 a.m. until 6 p.m. Tickets cost Trump. Registration costs $1,975 $30 for adults and $5 for children ages 6 and is available online at through 12. Kids under 5 can attend for www.scps.nyu.edu. The conference free. For more information, visit will kick off at 2 p.m. on Sunday www.thebookcon.com. and end at 2 p.m. on Tuesday.

DON’T MISS UWS FOOD FEST TUESDAY, MAY 27; FRIDAY, MAY 30;

AND SATURDAY, MAY 31 bennettrob

NEW TASTE OF THE UPPER WEST SIDE will melanie einzig AMANDA GRAHAM, DONALD GRAHAM and DEBORAH feature three separate food events, each ROBERT MORGENTHAU, LILY SAFRA, DAVID MARWELL and BRUCE RATNER at WINSHEL at the Robin Hood Foundation benefit on May presented by celebrity hosts, including the benefit for the Museum of Jewish Heritage’s Living Memorial to the Holocaust on 12. It took in $60 million for the poverty-fighting chef Alex Guarnaschelli and television May 8. The event raised $1.1 million. organization. host Adam Richman. The events are Soirée in the Park (a cocktail party), Comfort Classics (a tasting event) and See more of this week’s Snaps online at CrainsNewYork.com/galleries. Best of the West (honoring Daniel Boulud). Tickets vary by event and start at $105. For more information, visit www.newtasteuws.com. 3rd Annual Join Crain’s as we explore growth OPENING FUNDRAISERS WEDNESDAY, MAY 28, WEDNESDAY, MAY 28 opportunities in commercial and THROUGH SUNDAY, JULY 13 The FIVER CHILDREN’S FOUNDATION The LYNCH THAM gallery, 175 REAL ESTATE residential real estate from midtown will host its annual benefit at Three Rivington St., will show FIGURE Sixty, 10 Desbrosses St. The event STUDIES by painter Walter Robinson. will run from 6:30 p.m. until 10:30 to downtown Manhattan to Flushing The artist draws inspiration from p.m. and will include live and silent and downtown Brooklyn. fashion promotional materials, like ads auctions. Tickets start at $125 for CONFERENCE and catalog pages. The gallery is open professionals under 30; individual Wednesday through Saturday from tickets cost $250. The organization 10 a.m. until 6 p.m., and Sunday funds year-round out-of-school WHAT’S REALLY DRIVING THE MARKET? from noon until 6 p.m. For more programming for underserved information, visit www.lynchtham.org. New York students. For more information, visit www.fiver.org/ OPENING KEYNOTE: Deputy Mayor Alicia Glen, Housing & Economic Development, City of New York fiver-benefit. PANEL DISCUSSIONS: THURSDAY, MAY 29 > MIDTOWN VS. DOWNTOWN: > OPPORTUNITY KNOCKS IN THE WOUNDED WARRIOR PROJECT The THE BATTLE FOR CORPORATE OFFICE USERS OUTER BOROUGHS Courage Awards and benefit dinner

will be held at the Waldorf Astoria, Marty Burger, Chief Executive Officer, Silverstein Properties, Inc. K. Thomas Elghanayan, Chairman, TF Cornerstone 301 Park Ave. Tickets start at $1,200, Dennis Friedrich, Chief Executive Officer, Brookfield Office Properties Jason Muss, Principal, Muss Development and tables at $10,000. Tickets are Tara Stacom, Executive Vice Chairman, Cushman & Wakefield Seth Pinsky, Executive Vice President, RXR Realty available online at www.wounded Isaac Zion, Co-Chief Investment Officer, SL Green Realty Corp. Joshua Zegen, Co-Founder, Managing Member warriorproject.org/courage-awards.The Madison Realty Capital event will begin at 6:30 p.m. TUESDAY, JUNE 17, 2014 JW Marriott Essex House / 160 Central Park South Networking Breakfast: 8:00a.m. - 8:30a.m. REGISTER TODAY: MARK YOUR CALENDAR… Program: 8:30a.m. - 12:00p.m. crainsnewyork.com/events-realestate2014 FRIDAY, SEPTEMBER 19, AND SATURDAY, SEPTEMBER 20 COST TO ATTEND RADIOHEAD’S JONNY GREENWOOD, who wrote the score $300 for individual ticket(s). / $3000 for table(s) of ten. For more information, contact Adrienne Yee at 212-210-0739 or for the 2007 movie THERE WILL BE BLOOD, will perform $4000 for a table of ten + full page ad in the event journal [email protected] the score live alongside a screening of the film at the United Palace Theatre in Washington Heights. Both performances will be at 8 p.m. Gold Sponsor: Supporting Partner: Tickets start at $49 and are available online at www.wordlessmusic.org/there-will-be-blood- september-19-20-2014. The theater is located at For sponsorship information, contact Joana Harp at 212-210-0278 or [email protected] 4140 Broadway.

May 26, 2014 | Crain’s New York Business | 31 TOOK THE BLINDERS OFF HIS BUSINESS TO BREAK AWAY FROM THE FIELD.

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