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INSIDE Help the TOP STORIES Haves NYU vies for feel good runner-up prize in —Michael Gross offers a modest campus contest ® proposal PAGE 4 Page 2

VOL. XXVIII, NO. 1 WWW.CRAINSNEWYORK.COM JANUARY 2-8, 2012 PRICE: $3.00 ECONOMIC OUTLOOK The men who would Real estate scion STUCKINNEUTRAL burnishes a family be king of legacy of service PAGE 2 Say goodbye to New York’s recovery, New York NBC, ABC hail at least until Wall St. bounces back taxi TV advertising Clashing styles and in expansion plans BY DANIEL MASSEY impeded by uncertainty in the city’s egos mar relationship PAGE 2 bedrock financial services industry, which between Bloomberg The New York success story is over. lost $3 billion in the third quarter of 2011. Duane Reade: The city’s economy, which suffered less Unease over U.S. regulatory reform and and Cuomo and recovered faster from the recession the European debt crisis are taking their The new hot spot than the nation did, hit a snag in the sec- toll on a sector that typically leads the city BY JEREMY SMERD for power lunch ond half of 2011. Job growth slowed to a out of recessions. PAGE 3 crawl, and the unemployment rate, Recent tax filings indicate Wall Street One is a big-picture mayor who prefers did not bounce back as quickly as orig- policy to politics. He delegates to sub- after declining steadily for ordinates and does his best work when months, started ticking up, inally thought. More important, he can make decisions on the merits, BUSINESS LIVES finishing the year at 8.9%. substantial layoffs are on the not the machinations. As the calendar horizon, judging by notices The other is a governor who sees turns, the recovery here filed by several major industry the world as a political chessboard. He will be sluggish, its path See OUTLOOK on Page 14 is a tactical wizard who picks his bat- tles, but once he does, he rolls up his sleeves to get a deal done. Michael Bloomberg and Andrew Cuomo are a study in contrasts and,for much of the past year,in conflict.Some of it comes with the territory: New York City mayors have historically butted heads with governors because GOTHAM GIGS See CUOMO on Page 20 Performing the perfect massage ● ANNE FISHER How to start a business online Bedbug in 54 hours P. 21 ● MOVERS & SHAKERS A bubbly market for blight wine auctions P. 22 ● GAEL GREENE Noshing abates at Kutsher’s Tribeca P. 23 Violations drop as INDEX city stamps down on insect scourge IN THE MARKETS ______4

REAL ESTATE DEALS PLUS ______5

SMALL BUSINESS ______7 BY LISA FICKENSCHER

THE INSIDER ______8 New Yorkers have one more reason to NEIGHBORHOOD JOURNAL ______9 celebrate the new year: Bedbugs are FOR THE RECORD ______16

john kuczalajohn losing their bite. CLASSIFIEDS / ______18 The panic that gripped the city in EXECUTIVE MOVES ______21 2010, when the nasty critters invaded

THE WEEK AHEAD ______23 every corner of the five boroughs—

istockphoto from people’s homes and workplaces to trendy clothing shops like Victoria’s Secret—is subsiding. City agencies REPORT OUTLOOK FOR 2012 that track the bloodsuckers and the ex- terminators who stamp them out are Greg David takes stock of the Wall Street effect, reporting fewer cases. Even ordinary ELECTRONIC EDITION plus construction’s unhappy New Year, Brooklyn’s New Yorkers are feeling less edgy P. 11 about the scourge. renaissance and the foreign retail invasion. In fiscal 2011, bedbug violations in NEWSPAPER See BEDBUGS on Page 20 20120102-NEWS--0002,0003-NAT-CCI-CN_-- 12/30/2011 3:08 PM Page 1

COMMENTARY A family’s legacy o A modest Fisher Brothers’ free housing disposal builds on longtime dedication to vets and active-duty forces ack in 1729,responding to Irish impov- erishment, which he deemed “a de- BY THERESA AGOVINO plorable condition,” Jonathan Swift wrote a satirical essay. You probably re- There were some touch-and-go moments for Matthew Zajac as he lay in a member it from junior high:“A Modest hospital bed,his back badly burned,one arm mangled and both legs shattered by a bomb that tore through the Humvee he was driving in Iraq in 2007. BProposal,”in which poor families were urged to solve “I promised him I’d stay with him until he got better,” said his father, Mike their money problems by selling their children as Zajac, who conceded he had no idea how he’d actually fulfill that pledge, since livestock to the rich. Swift even suggested recipes: he lived an 11-hour drive from his son’s San Antonio hospital and had no mon- ey for a hotel.“I figured I’d pitch a tent in front of the hospital if I had to,”he said. That wasn’t necessary. He ended up spending 14 months in a home built “Seasoned with a them but reward to offer free lodging to loved ones visiting hospitalized retired and active mil- little pepper or them when they itary personnel. That home in Texas is one of 56 around the country built by salt [they] will do. Let’s lower the Fisher House Foundation, a nonprofit founded by be very good their taxes, but in a member of one of New York’s most influential real SOLID FOUNDATION: Ken Fisher, shown boiled.” direct proportion estate families.Their company,Fisher Brothers, owns aboard the Intrepid, Today,we face to spending that 6 million square feet of Manhattan office space, in- led the effort to build an equally in- directly benefits cluding the 50-story Alliance Capital tower on Sixth 12 houses last year tractable prob- the economy. Avenue and a big construction firm. for families visiting lem—the world’s Continue the Since 1980, the family has put its for-profit skills hospitalized veterans. wealth gap—and Bush tax cuts? honed over 97 years in real estate to great effect build- whoever finds a Fine. Just make ing homes near veterans’ and military hospitals that are then given for free to solution to it MICHAEL sure you drop the government to run. Along the way, the Fisher House Foundation has would deserve a GROSS what you save on achieved an outstanding level of efficiency,devoting 95 cents out of every dol- statue erected in things like lar raised to fulfilling its mission of building housing. In recognition, Charity their honor in $18,000 gold- Navigator,which monitors nonprofits’performance,recently ranked the foun- Zuccotti Park. I’ll pass on the embroidered full-skin croco- dation as the country’s “best social-service agency.” statue, but I do have an idea. dile cowboy boots and the The family’s dedication to the military stems from the late Zachary Fish- Instead of imposing punitive Bullpen Suite at Texas er, one of the three brothers who founded the family firm. He led the charge “millionaire taxes” on the 1%, Rangers games. in the 1970s to save the U.S.S. Intrepid aircraft carrier and turn it into a mu- let’s cut the rich even more Thinking local? For 15 seum. A decade later, he started Fisher House with a $20 million donation, slack and slash their taxes. years now,New York state has after hearing about relatives forced to sleep in their cars when visiting their Only with strings attached. offered tax breaks on inex- loved ones in military hospitals. I got this idea when a very pensive clothing for the 99%. Today,his nephew Ken Fisher chairs an organization that has a $7 million wealthy friend invited me New York City waives sales budget,a staff of 16 and a growing war-fed demand for what it does.Last year, aboard his Gulfstream G550. taxes, too, on items costing it built a record 12 houses as the number of its guests soared 44%, to 17,000. “We have a developer’s skill of getting the ans In case you’ve never been so less than $55. Why stop “It is a family legacy that has become my passion,” said Ken Fisher, who is best material for the best price, and we know sec lucky,they’re nicer than com- there? The bigger the sticker, a partner at Fisher Brothers. how to eliminate waste,” Mr. Fisher said. mercial aircraft, for all the the more shocking the tax The foundation receives some funds from the government, but most dona- Decisions regarding where and when to in S reasons you can imagine. break. Call it the Barneys tions come via its website. To build the homes, which cost between $4.5 mil- build new homes are reached in close con- Me They also represent a jobs Bonanza on luxury goods lion and $6 million,the foundation asks that the surrounding community raise sultation with the Department of Veterans loo plan, one that keeps pilots, made in New York, with a half that amount. If it falls short, the foundation will make up the difference. Affairs and the Defense Department. vel cabin attendants lesser deduction To keep costs down, the foundation bases its homes, which range from 12 “The Fishers are one of the most gener- roo and general-avia- Let’s make (the Hermès Ex- to 20 bedrooms, on a common, scalable blueprint. ous families I’ve ever seen toward the veter- wit tion ground crews ception) for goods more fully em- the Haves made offshore but ployed and bol- feel good sold here. An sters the bottom added benefit: lines of oil compa- about being The program cre- ABC, NBC hail taxi nies, amenity rich ates a whole new makers (loved that service-job cate- Aesop hand gory for those deals, but will riders? cream) and cater- saving receipts ers (yes, good and country-of- sushi on airplanes). And this origin labels. their businesses. is but one example of the As we can’t produce more Broadcasters to NBC announced a deal last month trickle-down economy that rich people for the moment, expand TV presence with pay services giant VeriFone Sys- supports and is supported by we need to make the Haves tems Inc. to put content from its local the wealthy,with their battal- feel good,not bad,about their in cabs in city, U.S. stations, NBC Sports and its cable ions of paid staff—butlers, wanton ways. And no price channels onto more than 1 million masseurs,private-investment tag would be too high. You BY MATTHEW FLAMM screens nationwide. and philanthropic advisers— want that $128,000 Tesla Most of those will be tiny screens all feeding at the titanium Roadster Sport? Go for it, This week ABC television and at point-of-sale credit-card swipes trough. sport. It’s your patriotic duty. NBCUniversal are unveiling some where consumers will see NBC snip- The only way out of the Sure, it’s as easy to mock new programming on taxicab TVs— pets—and ads. There will also be Great Recession, experts the rich as it was to sneer at those little screens in the back seats screens in 60,000 gas stations and in agree, is for people to start George W. Bush for suggest- that many riders can’t wait to turn the backs of 12,000 taxis, including spending again. But with ing shopping as a cure for the off. But the real changes are taking 6,800 yellow cabs in New York. Wall Street cutting bonuses 9/11 blues or Mayor place outside the city, as both media ABC, partnering with Long Is- and, worse, jobs, New York’s Bloomberg for hyping companies expand their national land City, Queens-based Creative suffering will increase even as Broadway shows to snow- out-of-home presence with new Mobile Technologies, will put local the rest of the country recov- ins. But what if there’s a way technology partners. Eyewitness News briefs into 10,000 ers. So if the only people with To be precise, the two broadcast- cabs around the country, including to laugh with the rich? Let’s buck ennis money to spend here are the get ours by letting them get ers swapped partners, as contracts 6,600 New York City cabs. CMT, GOING FOR A RIDE: NBC’s partnership with already ultra-wealthy, we more of theirs—and paying ran out at the end of the year and all which provides the payment systems VeriFone will put content from its local station, should not just encourage us for the privilege. Ⅲ the players looked for ways to grow See BROADCASTERS on Page 9 Channel 4, in 6,800 cabs in New York.

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IN BRIEF y of military service GOV. ANDREW CUOMO IS EXPECTED TO HIGHLIGHT A NEW STATE INFRASTRUCTURE investment fund when he gives his State of the State address Wednesday in Albany.The annual speech will lay out the governor’s agenda for the coming year and focus on economic growth and job creation. Mr. Cuomo introduced the idea of an infrastructure fund in his tax reform plan last month, but an insider says the governor will boost the initial size of the fund to about $3 billion from $1 billion. THE NATIONAL LABOR RELATIONS BOARD HAS ISSUED AN AMENDED COMPLAINT THAT ADDS to charges it had previously filed against Target in connection with a union organizing drive at the retail giant’s Valley Stream, L.I., store last year.The new charges allege Target’s employee handbook contained content that violated labor law.Target has repeatedly denied it did anything wrong in the run-up to the election, in which the workers rejected unionization. SALES OF PHYSICAL BOOKS FELL 9%, TO 640.6 MILLION, THROUGH DEC. 25, ACCORDING TO Nielsen BookScan, which tracks 75% of the market.That compares with a drop of 4% in 2010 and 3% in 2009. Mass-market paperbacks were hit particularly hard, with sales off 23%, to 82.2 million copies. More troubling, perhaps, was the 10% drop, to 164.1 million units, in the adult hardcover category, which is the industry’s biggest moneymaker. BookScan does not track e-books, so it’s not known whether total unit sales would have held steady if digital sales were included. Ⅲ BY THE NUMBERS

Weekly shift of the city’s economy GLOOMY OUTLOOK The city tiptoed into 2012 hoping the clouds don’t darken. With unemploy- ment edging up and holiday retail sales failing to

buck ennis outpace last year’s gains, there was little to cheer. the ans,”said Dr.Robert Petzel,the VA’s under- room, a big airy kitchen and a comfy family other families and they understand what now secretary for health. room. you are going through.” 72.8 7.5% $125B d. One of the newest Fisher houses opened Sipping coffee in the den there late last The biggest beneficiaries,though,are un- INCHES of NYC’S foreclosure LIPITOR’S n to in September at the Washington, D.C., VA month, Alberta Brown described her free doubtedly the patients,like wounded Iraq vet precipitation in rate as of June, up record-busting NYC in 2011, 2.1 percentage sales over 14.5 on- Medical Center. The two-story property monthlong stay—while she visited her vet- Matthew Zajac, who now walks with pros- bested only by points over earlier years, before ans looks like a model home in an upscale de- eran husband, William, next door at the thetics and is studying engineering. 1983’s 80.6 Dec. ’09 peak generics came out velopment, except this one has 20 bed- hospital—as a huge help. She noted it not “I know I would have been in the hospi- Source: National Source: Foreclosure- Source: Associated ner- rooms. Families get their own bedroom only gave her a place to relax, but also pro- tal so much longer if it wasn’t for my dad,” Weather Service Response.org Press ter- with bath and share a living room, a dining vided a haven where “you can sit with the he said. Ⅲ BIG APPLE TOURISTS The city recently welcomed its 50 millionth visitor for 2011. But a spring surge in fliers Duane Reade’s food fight through New York’s four major airports slowed in the fall.

vantage of Duane Reade’s fresh food. The chain, which Local stores fear being fresh-food options—includ- WANT BEER has 265 locations in the area, squeezed as drugstore ing sushi, sandwiches, beer 243 of which are in the city, and frozen yogurt—some WITH THAT? hopes to offer its new fare at chain ups the ante on even sourced from local Duane Reade even more stores. Still, farms. And it’s not just food; has put fresh Walgreen has no plans to grocery items food on the the chain even offers nail and menu. bring the Duane Reade ADDICTED TO NUMBERS? beauty salon services at cer- Now serving brand to a national audi- GET A DAILY DOSE AT @STATSANDTHECITY BY ADRIANNE PASQUARELLI tain locations. (at select ence because it’s such a “We cover everything locations): New York institution. CORRECTIONS Linda Alexander used to grab lunch at one you’d find in a grocery store, Relying on offerings be- Sushi NewYears.com sells tickets to local venues for New Year’s Eve. of the numerous eateries near her office on but on a smaller scale,” said yond medicine is a smart The company’s website was misstated in the Dec. 12 “New York, Broadway. But lately, the public relations Paul Tiberio, senior vice Sandwiches move for the 7,812-unit New York.” executive is buying her grub at Duane president of merchandising Beer Walgreen, whose net income Carolyn Berkowitz is the president of the Capital One Foundation. Reade. and marketing at Duane fell 4.5%, to $554 million, for Her name was misstated in a Dec. 12 article. “It’s insanely convenient,”said the food- Reade. Frozen yogurt the quarter ended Nov. 30, ie, who favors the chain’s salads, frozen TV Backed by the $72.2 bil- partially due to a split with its vol. xxviii, no. 1, january 2, 2012—Crain’s New York Business (issn 8756-789x) is published weekly, except for double issues the weeks of dinners and Eli Zabar sandwiches. lion Walgreen Co.,which ac- pharmaceutical network,Ex- July Fourth, Labor Day and Christmas, by Crain Communications “They’re cheap as hell, which is a problem, quired the chain nearly two years ago, press Scripts. Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid at because I certainly want to patronize the Duane Reade is on an aggressive rollout Mr.Tiberio noted that already almost a New York, N.Y., and additional mailing offices. Postmaster: Send address changes to: Crain’s New York Business, Circulation Depart- local delis, but Duane Reade is much plan that includes posh red-carpet open- third of Duane Reade’s sales come from ment, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber cheaper.” ing ceremonies and modern store re- food, including its own Good & Delish service: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 buck ennis one year, $179.95 two years. (GST No. 13676-0444-RT) Ms. Alexander is not the only one din- designs. Like competitors CVS and Rite branded products. “We certainly are mak- ©Entire contents copyright 2012 by Crain Communications Inc. ing at the local drugstore chain these days. Aid, Duane Reade offers grocery items, ing things more convenient” for con- All rights reserved. Across the city,New Yorkers are taking ad- but the bulk of its innovation comes from See DUANE READE on Page 9

January 2, 2012 | Crain’s New York Business | 3 20120102-NEWS--0004-NAT-CCI-CN_-- 12/30/2011 1:27 PM Page 1

NYU closes in on a deal IN THE MARKETS for tech campus in Brooklyn by Aaron Elstein

Sticking point? ter stage since the mayor announced can find ways to realize their job- last month that he would consider generating proposals.” MTA’s asking price runners-up in the contest that One of the benefits of the NYU crowned Cornell University king. plan, supporters say, is that it solves keeps going up All three parties to an NYU deal the problem of how to revitalize 370 seem amenable to the idea, but mon- Jay St., a longtime albatross in the BY DANIEL MASSEY ey is the sticking point. The MTA community, while simultaneously controls the site via a master lease and helping to bolster a nascent tech and Take an underused,run-down build- has the right to stay in the building as higher-education corridor in the ing in the heart of downtown Brook- long as it is using it. The 459,000- area.The site is next to NYU-Poly. lyn that has bedeviled officials for square-foot property contains vital “The public policy benefit of this years. Combine it with a top local communications equipment, and the working for NYU-Poly’s long-term bloomberg news university willing to spend tens of negotiations hinge on just how much prospects and downtown Brooklyn millions of dollars to turn it into a it would cost to move or replace it. overall is huge,”said state Sen.Daniel Googling a brighter Wall St. future job-creating tech campus. “The real question becomes,what Squadron. It doesn’t take an engineer to fig- does the MTA want?” said a source The city, for its part, has already all Street is a mighty dreary place nowadays.The ure out that a solution for New York close to the talks. spent all $100 million it had ear- market is going nowhere, regulators seem to lurk City Transit’s former head- NYU has asked the city marked for the applied-sciences com- quarters at 370 Jay St. could for $20 million to help buy petition. It’s possible officials could everywhere and, as Nomura Securities analyst GlennW Schorr finally be at hand. But before $20M out the MTA, based largely come up with funds to facilitate a deal pointed out in a report last month: “The new Mayor Michael Bloomberg AMOUNT on numbers thrown around for 370 Jay St., though it’s not clear trend on Wall Street seems to be that back offices are can tack a satisfying coda NYU has asked during previous attempts to where that money would come from. the city for expanding while front offices are shrinking.” In other words, onto his ambitious applied- to help buy out revive the beleaguered build- NYU would have to kick in some sciences campus competi- the MTA ing, sources familiar with the cash, and incentives and other cre- bankers and traders are getting sacked and replaced by tion, three parties—the city, proposal said.But the MTA’s ative financing could be worked out. starched-shirt compliance types. Fun times indeed. which owns the building; the Metro- asking price has now ballooned to “We remain enthusiastically in politan Transportation Authority, $50 million to $60 million. negotiations with the city, and we But look on the bright side. There’s mounting evidence that the public which has a long-term lease on it;and “We are working with the city to feel optimistic about a good out- has turned its attention—and ire—elsewhere. The fact is that Wall Street New York University, which is clam- provide a facility that better serves come,” an NYU spokesman said. and its denizens just don’t seem to be quite the piñatas they once were, at oring to expand in downtown Brook- the needs of the community and to Ironically, the MTA is among the least according to data from Google Trends. lyn—must agree on how to transfer ensure that the MTA receives fair entities NYU has teamed up with on Take everyone’s favorite bogeyman, Goldman Sachs.Google searches for the the building to the university for its value for the building,” an MTA CUSP.The agency is giving universi- name started spiking during the fall 2008 financial crisis, then reached an all- proposed Center for Urban Science spokesman said. ty researchers access to scientific and time peak in the spring of 2010, when the firm got sued for fraud by the and Progress, or CUSP. Referring to “active discussions” engineering challenges it faces in Securities and Exchange Commission.There was another spike this past Sep- Tech campus proposals by Co- with NYU and the other universities coming years. As an opening act, tember, perhaps coinciding with the rise of the Occupy Wall Street demon- lumbia University and Carnegie still in the race, a spokesman for the CUSP could help the MTA confront strations. But since then, Goldman searches have dwindled dramatically, no Mellon University are also in play,but city’s Economic Development Corp. a longstanding conundrum: what to doubt to the relief of the bank’s public relations department. the NYU negotiation has taken cen- said,“We’re hopeful that together we do with 370 Jay St. Ⅲ The story is much the same for more generic Wall Street terms. “Hedge funds”have seen a steady decline in searches since the summer of 2007.(Not even the trial and conviction of hedge fund manager Raj Rajaratnam last year could stem, much less reverse, the ebbing tide.) Searches for the term “pri- vate equity” have also dropped consistently. Finally, after exploding out of OPENS the gate in October, searches for either “the 1%” or “the 1 percent” quickly dropped in November and December. WEDNESDAY So what is up on Wall Street? Well, searches for the term “leveraged buy- ® out” late last year hit their highest level since 2008, so perhaps another LBO wave is looming.Others in recovery mode,at least from a Google search per- NEW YORK BOAT SHOW spective, include Bank of America. The beaten-up bank has seen a consistent | rise in online searches over the years and ended 2011 near its all-time high. January 4–8 Javits Center Search volume for Jamie Dimon, always volatile, ended the year on the up- swing. Perhaps that’s a good thing, or perhaps not. By the way,the terms “jobs on Wall Street”and “Wall Street jobs”did not generate enough searches to register on Google Trends.That’s definitely not a good sign. Happy New Year, anyway

If you listen to bankers long enough, crack at reverse-engineering that you’ll hear them complain about original MBIA deal and deter- new regulations requiring them to mined that it involved up to $70 bil- hold a lot more capital to back up lion in assets. loans that may go bad. A recent Under the new regulatory capital event at Morgan Stanley shows just rules, Morgan Stanley would have how this brave new world is already to keep cash in reserve equal to REAP THE REWARDS OF YOUR SUCCESS! playing out. about 10% of the value of these as- Last month, the firm said it sets, or about $7 billion. You’ve conquered the business world...now it’s time to chart your next course. would take a $1.8 billion loss to set- That means Morgan Stanley tle some litigation with bond insur- would have had to keep $7 billion in Find the best in boats and marine gear, engines and electronics at the world’s er MBIA. At issue was a mortgage- reserve for assets valued on its books longest-running boat show. related position that, net of hedges, at only $2.7 billion. Looking at it Morgan Stanley valued at $2.7 bil- that way, it’s obvious why the bank PLUS… DIY seminars and workshops, Fishing University seminars, PaddleFest paddle lion on its balance sheet. Oppen- elected to settle with MBIA even at Chris Kotowski Ⅲ sports demos and seminars, and more. heimer analyst took a a big loss.

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REAL ESTATE DEALS PLUS

Euro crisis tempers leasing rebound GOING UP Rents per square foot in the Plaza district have risen sharply. he commercial leasing market strengthened executive vice president at the firm, are looking to preserve capital by which represents tenants only. “I’m avoiding costly moves. In addition, during the fourth quarter of last year, but annual not sure the activity leads to the architecture firms have become activity still fell below 2010 levels, as the conclusion that things are getting much better at transforming older $81.17 European debt crisis dampened the rebound that better.” space to make it more efficient. Mr. Year-end 2010 And, cautioned Mr. Barlow, it is Barlow anticipates that those two Twas emerging in early 2011, according to a new too soon to predict whether next factors will keep more companies in report from Studley. year will be worse. “We talk to all place even if hiring resumes. Leasing activity jumped 22.5%, to 8.6 million square feet, kinds of companies, and they just In early 2011, there was a sub- $94.35 don’t know where their business is stantial amount of discretionary November 2011 from the third to the fourth quarter of 2011. However, leasing going,” he said. leasing. Now, he says, companies in 2011 overall slid 2%, to 33.5 million square feet, from a year But there is clearly a move to- aren’t striking deals unless their leas- earlier. ward saving money. Mr. Barlow es are expiring or a special opportu- +16.2% points out that nine of the 13 largest nity presents itself, such as a chance Percentage increase “A lot of what closed in the fourth quarter was based on a deals during the quarter were lease to renew early. handshake before the debt crisis,” said Matthew Barlow, an renewals—a sign that companies —theresa agovino Source: Jones Lang LaSalle

floors offer stunning views of Cen- represented by brokers at CBRE bling the size of same building in a 3,400-square- Financial firm gets tral Park.The asking rent was about Group Inc., who declined to com- its garment-cen- foot space for just over four years. rooms with a view $85 a square feet.It was unclear how ment. Ion Trading was represented ter showroom. “They’re doing so unbelievably,” long the sublease would last, but by Jones Lang LaSalle brokers, who The Manhattan- said Marc Schoen, the Savitt Part- Ion Trading has reached a deal to sources said it was for more than 10 didn’t return calls. based company ners broker who, along with col- sublease 60,000 square feet at 1345 years. —theresa agovino recently signed a league Michael Schoen,represented Sixth Ave., the black-glass tower that The company is currently based five-year lease for DL 1961. is also known as the Alliance Capi- at the landmarked Seagram Build- 8,800 square feet The company plans to move in tal Building. ing at 375 Park Ave. Ion Trading is Jeans maker on the 15th floor around the beginning of the year, The electronic trading and risk moving because it is growing and stretches on 7th of 530 Seventh Ave. and will be near womenswear com- management firm still hasn’t signed needs more space. It will be subleas- The asking rent panies Maggie London and Topson the contract, but sources said it has ing the space from Alliance, al- A denim brand worn by celebrities was $55 a square foot. Downs of California. agreed to rent the top two floors of though the 1.9 million-square-foot including Kourtney Kardashian and DL 1961, which sells four-way- Landlord Savitt Partners was the 50-story building between West property is owned by Fisher Broth- Blake Lively is in expansion mode. stretch denim that does not sag, had represented in-house. 54th and West 55th streets. Those ers Management Co. Alliance is DL 1961 Denim is more than dou- been down on the 11th floor of the —adrianne pasquarelli

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NEW YORK,NEW YORK edited by Valerie Block

New brand of e-cigarettes lights up igarette smokers have become pariahs nationwide, as multiplying Cmunicipal laws limit their options to light up. Enter Jeffrey Hill,a former P&G executive and smoker who just launched Spire Electronic Cigarettes, sinking $7 million of his own money into the business. ¶ Spire products are currently being sold at a handful of New York City bars and clubs, including Webster Hall, but Mr. Hill plans a national rollout this month, replete with “brand ambassadors”—returning Iraq War veterans and others—who will help promote the smokeless smokes to his target audience: the military, college students and others. ¶ “There are 47 million smokers in this country, and they are treated like second-class citizens,” said Mr. Hill, who believes his experience marketing brands such as Scope and Pert will help him build his company.“We are marketing Spire as a way to address smokers’ needs.” ¶ Electronic cigarettes, which are battery-operated and emit an odorless vapor, do not contain tobacco but do have small amounts of nicotine. Advocates say they are a healthier alternative to regular cigarettes, but lawmakers across the country, including in New York, have already proposed e-cigarette bans, claiming that not enough research is available on the product. ¶ Mr. Hill is taking a proactive approach to the legislative storm. ¶ “I’m trying to set up a meeting with the mayor’s office,” he said, to propose an idea he has for an NYC-branded cigarette,

istockphoto with 50% of the proceeds going to the city. —lisa fickenscher

FM, will narrate a new the venerable venue’s stages. Ferry launches series on Investigation The show will include smartphone tix Discovery. But the program Mr. Cohen’s longtime is far heavier than a Nora crowd-pleasers, like the one Running late for that ferry back to Jones tune. Fatal Encounters, where he pours audience Brooklyn? There’s an app for that. which debuts Jan. 4, is all members’ favorite NY Waterway, which carries about murder.The first beverages—from hot passengers across the Hudson and chilling episode details a chocolate to frozen East rivers, will launch the first pregnant woman’s struggle with a margaritas—out of a single teapot. smartphone-based ticketing system fetus-snatching thug. Mr. Cohen will try some new for mass-transit riders this week. Ms. Smaldone is a big fan of feats, too, like cutting up a The free app, developed by the genre. “It is fascinating to me spectator’s necktie and then New York-based how the criminal mind works,” restoring it. Bytemark, means she said. Mr. Cohen developed the new riders can When not in the studio, Ms. show because of requests from his purchase tickets in Smaldone can be found at the fans. “After they see my show at advance with an School of Visual Arts, where the Waldorf, they say,‘What else Apple- or Android- she teaches voice-over have you got?’ ” Mr. Cohen said. compatible smart classes. On April 24, she “There’s a following of people device. “Your smart will host “Legends of who want more.” device becomes your Music” at the 92nd The one-night performance mobile ticket purchasing Street Y with Cyndi sold out within three days with no option and your boarding Lauper. advertising.Ticket prices range pass,” said Paul Goodman, —valerie block from $85 to $150. Mr. Cohen is chief executive of BillyBey also working on a two- Ferry Co., which operates hour magic special under the NY Waterway banner. Tricking out that will air on the Unlike other smartphone apps, Carnegie Hall History channel the digital tickets are not verified this spring. After by a scanner or some other For 11 years, magician Steve that, he plans to go expensive gizmo. Instead, a virtual Cohen has been entertaining watermark tells deckhands VIPs such as Warren Buffett, whether the ticket is valid.The Renée Zellweger and the crown app also offers schedule and prince of Saudi Arabia at private service advisories, route maps and parties and exclusive shows at the bus connection information. Waldorf Astoria. —jeremy smerd Now, the self-titled on a “Millionaires’ Magician” is taking world his tricks to a bigger stage. On tour Lite voice, Jan. 12, Mr. Cohen will debut where he will stage heavy series Theater of Wonder at Carnegie both large and more Hall’s 270-seat Weill Recital Hall. intimate shows. Local celebrity Valerie Smaldone, It is one of the few times that a —miriam the former midday DJ on Lite- magician has appeared on any of kreinin souccar

6 | Crain’s New York Business | January 2, 2012 20120102-NEWS--0007-NAT-CCI-CN_-- 12/30/2011 1:29 PM Page 1

SMALL BUSINESS Small firms complain of ticketing nightmare

punitive and feel the process for by phone. Fines would be differenti- Businesses are paying and contesting violations ated more fairly between severe and frustrated by petty is burdensome. low-risk violations. And the bill In mid-October, Marisol Chino, would allow business owners with fines and irksome the owner of Tepeyac Deli & Gro- first-time, low-level citations to be cery on Irving Avenue in Brooklyn, given a chance to correct them before regulations was cited for having a metal food being fined. stand outside, instead of a wooden BY EILENE ZIMMERMAN one.“They’ve been inspecting me for Limited progress seven years and never told me that,” This isn’t the first time reforms hen a Health she said.“They gave me the option to like these have been proposed. In

Department in- pay a $200 fine or fight it,but if I lose, April 2010, the City Council’s Reg- buck ennis spector visited the fine goes to $1,000.” ulatory Review Panel announced FINE MESS: XES Lounge’s Tony Juliano was cited for unwrapped straws and a missing sign. Chelsea’s XES The city’s public advocate, Bill de new initiatives for small businesses. Lounge late last Blasio, is the latest politician to get They included the avoidance of au- year,heW gave General Manager Tony involved after hearing from cham- tomatic fines for those that correct created a system that gives small son Oswaldo Cajamarca,owner and Juliano a ticket for having un- bers of commerce,business improve- low-risk violations quickly and the business owners the chance to settle sole employee of Jilguero Multi- wrapped straws on the bar. Those ment districts and small businesses at option for business owners to settle violations for less than the ticketed Services in Brooklyn’s Bushwick straws have been there for nearly a series of roundtables he hosted ear- or contest violations without ap- fine and has made its hearing neighborhood, was cited recently eight years, but this time it was lier in 2011. Mr. de Blasio said busi- pearing in person. process more efficient. For instance, because his business’s name and ad- deemed a $400 violation. A few nesses repeatedly mentioned the “I was astounded to find out how hearings now begin at 8:30 a.m.,and dress was not on the cash register re- months earlier, inspectors cited the fines as among the most infuriating little progress the city has made in businesses can speak directly with ceipt. “My letter says I have to pay business for a missing “No smoking” and time-consuming obstacles they implementing some of the panel’s re- settlement officers—without ap- the fine, and there’s no option but to sign in the back of the bar. “We’ve face. His office submitted a legisla- forms,” said Mr. de Blasio, whose of- pointments—any time before their do it in person,” he said. Ⅲ been open since 2004 and were nev- tive request to the City Council, the fice hasn’t formally begun its legisla- hearing date. The DCA also allows er cited for that,” said Mr. Juliano. first step to introducing a bill that tive outreach for the proposed bill. settlement payments to be mailed. To sign up for Crain’s His frustrations echo those of many would allow violations from city A spokeswoman for the New But business owners say they are newsletter, go to local small business owners, who agencies like Consumer Affairs to be York City Department of Con- still receiving tickets that seem to re- www.crainsnewyork.com/smallbiz. view fines for minor offenses as contested and paid online, by mail or sumer Affairs said the agency has quire them to appear in person.Wil-

January 2, 2012 | Crain’s New York Business | 7 20120102-NEWS--0008-NAT-CCI-CN_-- 12/30/2011 1:32 PM Page 1

Worst case: Cornell can’t get financing and tries to extract Hydrofracking concessions that saddle taxpayers, Best-case scenario: Despite POLS’ SECRET THE INSIDER and the administration sours on the stringent environmental project. Willets Point gets tied up protections and an extraction tax WISH LISTS in court, as does 9/11 museum set up to funnel money to affected by Jeremy Smerd and Shane Dixon Kavanaugh funding. Nets owner Mikhail areas, energy companies find New FOR 2012 Prokhorov ’s campaign for president York state’s shale deposits too rich ATTORNEY GENERAL ERIC against Vladimir Putin lands him to pass up, sparking a drilling SCHNEIDERMAN: Banks cave in in a gulag; the Nets move to boom that reinvigorates the to my demands, agreeing to a Siberia. Southern Tier. historic settlement that slashes The Insider Worst case: On the predicts: Cornell moves first day that fracking is the mortgage balances of ahead, and the city allowed, a well blowout millions of underwater home- sanctions two more contaminates owners. The housing market tech campuses, both in Binghamton’s water turns around, President Barack Brooklyn, at the Navy supply. Actor Mark Obama names Gov. Andrew Yard and at 370 Jay St. Ruffalo leads a shame Cuomo his Gov. Andrew Cuomo campaign, and Occupy running mate intercedes in the Wall Street slaps a and I become museum conflict with “Governor Gas Leak” the favorite for the Port Authority and tag on Mr. Cuomo. governor in gets credit for putting The Insider predicts: 2014. Marvel the project back on Mark Ruffalo Mr. Cuomo allows releases a new E. Schneiderman track. limited fracking on a comic book, trial basis, but environmentalists The Amazing Schneidy-Man, bloomberg news sue. Not a single well is completed and casts me in the Broadway State budget before winter. production opposite Minka and spending Kelly. I am stalked by Derek The Insider’s fearless Jeter. Best-case scenario: Mr. Cuomo Mass transit delivers another on-time, pared- Best-case scenario: Metropolitan REP. STEVE ISRAEL: As chairman predictions for 2012 down budget, and throws in Transportation Authority chief of the Democratic pension reform as a gift to future Joseph Lhota wins concessions in the Congressional Campaign governors and Mayor Michael transit workers’ contracts and uses Committee, I Bloomberg legacy projects Bloomberg. the savings to bolster the MTA orchestrate Worst case: Assembly capital plan, providing jobs and Democrats’ est-case scenario: Cornell University’s fundraising Democrats max out education and saving face for transit workers. recapture of to build a tech campus on Roosevelt Island runs Medicaid spending amid optimistic Worst case: Ever-militant the House. revenue forecasts.Then the transit workers strike at midnight Sen. Kirsten ahead of projections, and construction gets off to a economy tanks again, forcing Jan. 15, paralyzing the city. Gillibrand is S. Israel fast start. Willets Point holdouts sell their land to midyear cuts. The Insider predicts: Transport named the city, and redevelopment moves ahead without The Insider predicts: Medicaid agriculture secretary, and the and education spending increase, eminent domain.The Brooklyn Nets debut at the Barclays governor appoints me to B but Mr. Cuomo keeps their growth complete her term. Center. And the Sept. 11 Museum & Memorial opens in 2012. below the limits passed last year. U.S. ATTORNEY PREET BHARARA: City Council Speaker Christine Quinn comes out against stop- and-frisk and for living wage, Crain’s Health Care Discussion prompting the mayor and Brooklyn’s hospital network Police Commissioner Raymond is in deep crisis. Many of Kelly to Solving Brooklyn’s instead its community hospitals are Workers Union Local 100 accepts endorse me Hospital Crisis saddled with debt and losing layoffs and some work-rule changes. for mayor. My money. A new report says that Within a year, attrition creates political rabbi, the hospitals that are worse- openings for all laid-off workers to Sen. Charles Join Crain’s and Stephen Berger, Dr. Linda Brady, MD, Pamela Brier Schumer, return. But the MTA has to put its P. Bharara and Kenneth Raske for a critical discussion on how to cure Brooklyn’s off must merge to survive. capital plan on the credit card. helps clear the hospital crisis, and what lessons can be drawn as we reform health Management and boards are field by arranging a White care in the city and the state. often weak, primary care is House post for Public Advocate Redistricting Bill de Blasio. lacking, and yet the borough Best-case scenario: A judge draws has a large, unhealthy equally sized state legislative ANTHONY WEINER: I become the population—one million of districts that unite communities wisecracking color analyst for the New York Rangers on MSG, them insured by Medicaid— and conform to naturally occurring boundaries.The city gains two state dust off my Twitter handle creating a high demand on Senate seats. @RepWeiner, and rack up Stephen Berger Dr. Linda Brady, MD Pamela Brier Kenneth Raske the health care system. Worst case: Mr. Cuomo 150,000 followers without abandons his independent tweeting a redistricting pledge and makes a single racy deal with Senate Majority Leader photograph. DATE: PANELISTS: Dean Skelos and Assembly Speaker From my new Wednesday, January 11, 2012 Stephen Berger Sheldon Silver for a gerrymandering West Village VENUE: Chairman, Odyssey Investment Partners bonanza.The GOP’s only digs, I pen a New York Marriott at the Brooklyn Bridge concession is June primaries. memoir, Dr. Linda Brady, MD A. Weiner TIME: President and CEO, Kingsbrook Jewish Medical The Insider predicts: Senate pump iron Networking Breakfast: 8:00am-8:30am Center Republicans agree to Mr. Cuomo’s with Ben Affleck and—with Program: 8:30am-9:30am Pamela Brier independent commission on the $4.5 million in my campaign COST TO ATTEND: President and CEO, Maimonides Medical Center condition that if Democrats win war chest—plot my political Jeff Klein, $70 for individual ticket(s) if pre-registered by January 4th; $75 thereafter. Kenneth Raske control of the Senate, and comeback. $700 for tables of ten(s) if pre-registered by January 4th; $750 thereafter. not John Sampson, will be Senate President, Greater New York Hospital Association Ⅲ TO PURCHASE TICKETS: majority leader in 2013. MODERATOR: crainsnewyork.com/events-brooklynhospitals Barbara Benson Health Care Editor, For daily political and government news, subscribe to You must be pre-registered to attend this event. No refunds permitted. Crain’s New York Business CRAIN’S INSIDER @ www.crainsnewyork.com/insider

8 | Crain’s New York Business | January 2, 2012 20120102-NEWS--0009-NAT-CCI-CN_-- 12/30/2011 1:35 PM Page 1

NEIGHBORHOOD JOURNAL Bike lane plan on key span riles firms

plain that the lanes will cause even spaces. It is that trade-off that has newly painted lanes. Cyclists insist Cost of cyclist safety bigger backups on the heavily trav- drawn the loudest opposition. the upgrade comes at a crucial time. on Greenpoint Br. eled span, and local businesses are “The community board wants New York City is gearing up for the up in arms over the loss of roughly safety first but also wants to balance launch of a huge bike-sharing pro- seen as too high 50 parking spaces that the city says businesses’ needs,” said Ms. Nieves. gram next summer that will put as will have to go. As some businesses see it at this many as 10,000 new bicycles on the BY MARINE COLE “The businesses need parking,” point,that may not be possible.Andy street.That will no doubt add to the said Karen Nieves, chair of the Tsai, assistant branch manager at 406 cyclists the DOT clocked cross- ong-suffering cyclists transportation committee at Brook- Scrap King,a scrap-metal yard locat- ing the bridge during a single 12- are hailing the city’s lyn’s Community Board 1. So too, ed near the entrance of the bridge in hour period in June. promise to install new for that matter, does another poten- Brooklyn, fears trucks won’t be able “The amount of bike volume is bike lanes on the tial victim of the bike lanes: the De- to get into his warehouse. growing steadily,” said Caroline Greenpoint Avenue partment of Environmental Protec- “If they can’t come in,sometimes Samponaro, director of bicycle ad- robert nolan robert LBridge spanning Newtown Creek tion, which is keen to attract people they go to a competitor,” he said. vocacy at Transportation Alterna- WHEEL PROBLEM: Motorists worry that the between Long Island City, Queens, to the new visitors’ center at the Cyclists simply stress that on one tives, which encourages bicycling, proposed lane will tie up traffic on the bridge. and Greenpoint, Brooklyn, as a real agency’s vast sewage treatment of the city’s busiest truck routes,some walking and the use of public trans- lifesaver. plant next to the bridge. sort of protective buffer is essential. portation in the city. “A bike lane is “I use this bridge a lot,”said Nor- “Greenpoint Avenue is not fun a safety improvement, and it’s even safer while also addressing local berto Fernandez, a student in Long Redesign draws opposition to ride on,” said Ryan Kuonen, a more important to have bike lanes needs.” Be that as it may, that Island City who lives on the south Efforts to install bike lanes go community organizer at north on a truck route.” process looks to some as though it’s side of the bridge in Brooklyn and back nearly two years but have re- Brooklyn’s Neighbors Allied for slipped into reverse. rides into Queens several times a peatedly gotten bogged down in the Good Growth and an avid cyclist. Best of intentions “We’re almost back to the draw- week to attend classes at LaGuardia debate between cyclists and local “It really needs a redesign.” But instead of moving closer to ing board,” said Ms. Nieves. “Right Community College. “It’s not safe, businesses. Although bike lanes Once the decision is reached on construction, the DOT,in its eager- now, the DOT is doing a parking so I always think I’m going to get leading into the bridge from Brook- all sides,the actual installation of the ness to work with all sides in the de- survey.Hopefully,they’ll come back smashed by a car.” lyn already existed, the road was un- new bike lanes can proceed quickly. bate, has found itself in a quagmire. to us in the spring with recommen- But what’s good for cyclists looks safe for cyclists and needed re- The Department of Transportation A department spokeswoman calls it dations.” increasingly as though it will be bad design, which ultimately led to the says the actual work will involve lit- part of “working with communities Actual work on the new lanes for everybody else. Motorists com- proposal to eliminate the parking tle more than new signs and some to design projects that make streets could still be months away. Ⅲ Broadcasters sign taxi TV deals Duane Reade food

Continued from Page 2 ing its cab screens in time for its Square spectaculars, making it im- Continued from Page 3 ventory to each neighborhood— for another 10,000 cabs outside launch with NBC, adding interac- possible for ABC to get involved. sumers, he said. adding Manic Panic hair dye in Gotham,plans to add screens to sev- tive features like the ability to make But though taxi screens may be a But Duane Reade’s gains are Williamsburg, for example—and eral thousand of those cabs this year. purchases directly from the screen growing business,that doesn’t mean taking a toll on the many mom- offering free delivery at all stores. Other markets for both compa- using smartphones. they’re universally loved. Among and-pop stores selling similar “We constantly shop our compe- nies include Chicago, San Francis- Privately held CMT, the David New Yorkers surveyed by VeriFone, items. “Offering fast food is taking tition and keep a running tab of co and Boston. to VeriFone’s Goliath, says its only 50% said they always kept them a lunch, a snack away from smaller where we’re a little too cheap or too For the broadcasters, the new screens have long offered all the on. (The company’s data from the retailers,” said Candace Corlett, expensive. We try to make sure that partnerships represent a step up in a same features. screens, however, showed that they president of WSL Strategic Retail, whatever price we come up with is business that started five years ago as For ABC, the new deal will not were left on 80% to 85% of the which analyzes shopper behavior. somewhere around Duane essentially a promotional tool, but only result in an expanded taxi foot- time.) To survive, she said, “smaller retail- Reade’s,”said Mr.Solman,who em- that has taken on new importance as print, but the Disney division gains ers have to think about what their ploys about 25 people at each of his local station revenues have been control of national ad sales for cab Location-based ads advantages are and make shoppers three stores. He expected sales in battered by competition from the screens. That was something ABC Some urban-design experts are see them.” 2011 to be flat or up a small amount Web. didn’t have under its contract with critical of New York’s taxi screen At New London Pharmacy on over 2010. Though it still produces a sliver VeriFone, which handled national setup, saying that television pro- Eighth Avenue in Chelsea, owner of revenue compared with tradi- sales itself. gramming should be only one ele- Abby Fazio has expanded her med- Watching with dismay tional television, taxicab TV is part “To have two national sales or- ment in the mix. ical offerings in order to compete Still, Duane Reade hasn’t gotten of the fast-growing advertising seg- They’d like the screens to be with three nearby Duane Reades. so big that it attracts the kind of ire ment categorized as alternative out- open to a range of content Three years ago, she leased the sec- unleashed by labor groups protest- of-home. ‘The screens providers and digital applications, ond floor to complement her 3,800- ing Walmart’s attempts to enter into According to research firm and used to create an iconic New square-foot ground-floor space,and the Big Apple. Unlike the retail gi- BIA/Kelsey,ad spending in the cat- could be telling York experience rather than as the she recently added a “closed door” ant, Duane Reade is unionized. It egory—which includes cabs, gas out-of-home extensions of two pharmacy for patients dealing with also sells just a fraction of the items station screens and video kiosks— me I should look broadcasters. HIV and cancer. New London also carried by Walmart. will hit $300 million in 2012, a 43% “The screens could be telling has a nutritionist and private coun- But small businesses are still spike over estimates for 2011. out the window’ me I should look out the window selors on staff. watching the chain’s growth with “We expect over the next sever- because right now that’s what’s ex- “I want to be a store you go to for some dismay. The Duane Reade at al years to see very good growth as citing,” said Rachel Abrams, health, not to buy milk—that’s for West 52nd Street and Broadway is we and VeriFone grow together,” founder of Turnstone Consulting, the supermarket,” said Ms. Fazio, now offering frozen yogurt—from said Greg Scholl, president of local who was co-editor of Taxi07, a re- who expected sales to be up 22%, to upstate farm Ronnybrook—and it’s integrated media for NBC-owned port about the future of New York’s about $15 million, in 2011. homing in on the customer base of television stations. NBC’s parent ganizations try to coexist doesn’t yellow cabs. “The city lost an op- When Duane Reade opened a nearby dessert joints such as Grom company, Comcast Corp., does not really work,” said Gerald Griffin, portunity.” location in trendy Williamsburg, and Steve’s. break out dollar figures for its out- senior vice president of sales for Advertisers, however, see plenty Brooklyn, last year, Kings Pharma- Solomon Choi, who runs the of-home business. ABC’s regional sports and enter- of opportunities in being alone for a cy, located directly across Bedford three-year-old fro-yo chain 16 tainment sales division. “CMT 10- or 15-minute ride with a con- Avenue, posted a sign on its door Handles, doesn’t expect the drug- Interactive features doesn’t have a national sales organ- sumer who tends to be affluent and thanking customers for their loyal- store to infringe on his territory,be- Mr. Scholl added that NBC was ization.There will be no confusion educated. They also like that the ty and requesting help in fighting cause Duane Reade offers frozen impressed with VeriFone’s new in the marketplace.” GPS system allows for location- the corporate bully. A Facebook yogurt at one location so far and products, such as the 1 million One thing ABC plans to do now based ads—for airlines or hotels group was launched to boycott the provides only stand-up tables for point-of-sale screens that the com- is create campaigns that coordinate near an airport, or for alcoholic bev- large chain. on-the-go patrons. pany is rolling out this year.The San the GPS-enabled cab screens with erages near bars. “People come to our stores for Jose, Calif.-based company had the 26,000 square feet of digital sig- “The taxis can mirror the con- Adding a human touch ambience,music and interaction;it’s $1.3 billion in revenue in fiscal nage the company operates in sumer’s journey,” said Ray Rotolo, These days, Alan Solman, who not just because we have frozen yo- 2011, a 30% increase over the prior Times Square.Previously,Mr.Grif- chief operating officer of out-of- owns the Brooklyn Kings as well as gurt,” said Mr. Choi. He currently year. fin said, VeriFone’s team dealt with home ad agency Posterscope. “And two Manhattan locations, tries to has 13 locations, including four in VeriFone has also been upgrad- the agencies that handled the Times we can be part of that journey.” Ⅲ add a human touch by tailoring in- New York City.

January 2, 2012 | Crain’s New York Business | 9 20120102-NEWS--0010-NAT-CCI-CN_-- 12/29/2011 6:12 PM Page 1

VIEWPOINT The way forward in Albany editor in chief Rance Crain publisher, vp Jill R. Kaplan

he state government appeared to make a Lawmakers’ belief that their futures hinge on the outcome EDITORIAL remarkable turnaround in 2011, as Gov. portends political acrimony and shady horse-trading. We editor Xana Antunes Andrew Cuomo returned functionality to favor independent redistricting and the shifting of state managing editor Glenn Coleman deputy managing editors Valerie Block, Albany following the brief and rancorous legislative primaries to June to coincide with the Erik Ipsen tenure of Gov. Eliot Spitzer and the congressional contests, saving the Board of Elections $50 assistant managing editor Erik Engquist senior producer, projects Kira Bindrim chaotic half-term of Gov. David Paterson. million and improving voter turnout. senior producer, news Elisabeth Butler Cordova contributing editor The progress was admirable, even if Mr. Mr. Cuomo seems willing to let the courts draw district Elaine Pofeldt Cuomo didn’t change legislators’ ways so much as change lines. His veto power should ensure that happens, lest the columnists Greg David, Michael Gross, their perceptions, convincing them that enacting his agenda Assembly and state Senate majorities essentially pick their Alair Townsend T pulse editor Barbara Benson would be conducive to their re-election. members’ voters. With the governor against partisan senior reporters Theresa Agovino, Aaron Elstein, Lisa Fickenscher, Matthew Flamm, In 2012, we would like to see Mr. Cuomo push for a less redistricting, legislators have nothing to lose and much good Daniel Massey, Miriam Kreinin Souccar transactional, more professional and transparent Legislature. will to gain by handing reporters Amanda Fung, Shane Dixon Kavanaugh, Adept as he is at crafting legislative packages, dealmaking the task to an Adrianne Pasquarelli, Jeremy Smerd Self-serving reporter/producer Emily Laermer has its downsides. Signs of politics as usual in Albany have independent panel. art director Steven Krupinski begun popping up, including corruption cases, the secretive They should. deputy art director Carolyn McClain lawmakers staff photographer Buck Ennis tax reform deal and the awarding of state grants to the The administration copy desk chief Stephen Noveck nonprofits of overpaid, politically connected executives. remain a threat must work harder to copy editor Thaddeus Rutkowski research editor Dana Gordon Despite Albany’s accomplishments in 2011—notably a to progress eliminate waste, such as assistant research editor Suzanne Panara scaled-down, on-time budget with tax and spending caps, nonprofits billing research interns Callie Eidler, Helen Kwong and strong leadership from the governor—the self-serving Medicaid $67 an hour EDITORIAL AND ADVERTISING OFFICES motivations of many lawmakers remain a threat to progress. for workers earning 711 Third Ave., New York, NY 10017-5806 The New York editorial: 212.210.0277 Fax 212.210.0799 Many of them, for example, like to beat up on the $10, as advertising: 212.210.0711 Metropolitan Transportation Authority. Spewing rhetoric Times reported last month.The savings should be invested in Cable craincom nyk and slashing transit funding might appeal to suburban and the MTA and other essentials.One obvious step is to Fax 212.210.0499 Entire contents ©copyright 2012 Crain upstate voters, but it hampers the business districts that promote tourism the way New York City does, with Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP power the state economy. Failure to fund the MTA capital significant marketing and a professional staff. Inc., used under license agreement. plan would force the agency to take on more debt, unfairly Lawmakers should resolve to reject bills that artificially TO SUBSCRIBE: burdening future generations. inflate wages for select workers. Business would also benefit For subscription information and delivery concerns, Lawmakers must rein in state and city pensions, which from a modernization of the state tax code, which is the task please e-mail [email protected] or call 877-824-9379 (in the U.S. and Canada) or would save taxpayers billions of dollars and retired public of a commission being formed by Mr. Cuomo. 313-446-0450 (all other locations.) $3.00 a copy, workers from the sad reality their Rhode Island counterparts To prove that their 2011 was not an aberration, state $99.95 one year, $179.95 two years. face: a pension fund unable to pay promised benefits. lawmakers must improve the business climate, find more www.crainsnewyork.com Federal laws require that legislative districts be redrawn fiscal efficiencies and put good-government reforms ahead ADVERTISING AND MARKETING advertising director Trish Henry and congressional primary elections be held earlier in 2012. of narrow political interests in the new year. senior account managers Irene Bar-Am, Courtney McCombs, Sheryl Rose, Suzanne Wilson account executive Jill Bottomley Kunkes CRAIN’S ONLINE POLL sales manager, classified print & online John Gallagher sales coordinator print & online SHOULD NYC REQUIRE Danielle Wiener newsletter product manager ALL TAXIS AND LIVERY Alexis Sinclair Landmark defense credit Todd J. Masura 313.446.6097 CARS TO BE WHEELCHAIR- marketing manager Sabra Harrison PRESERVATION IS LEGAL GREENING BUILDINGS director, audience development ACCESSIBLE? Michael O’Connor Regarding Mr. Sondock’s letter calling for In response to Amanda Fung’s article “New event producer Courtney Williams Date of poll: Dec. 21 reprint sales manager Lauren Melesio 317 votes “compensation for preservation” (Dec. 12), I York City launches push to enter green zone” would be amused by this straw-man argument (www.crainsnewyork.com), we applaud the director of online and e-commerce if it weren’t so pernicious. architects of the new zoning proposals strategy Kristi Serrano No. “The senior web developer, interactive disabled have The basis for Mr. Sondock’s complaint designed to encourage more building owners to Chris O’Donnell

plenty of options appears to be that there is a measure of adopt measures to increase energy efficiency.

to get around via NEW YORK PRODUCTION . 53% indivisible value that each parcel of real estate We encourage members of the City Council 47%. Access-a-Ride or possesses and that preservation should to adopt these changes and take another step production and pre-press director the planned Michael Corsi telephone compensate owners for removing some of it. toward making New York City an example to Putting aside the elementary concept that other cities in the “go green” movement. advertising production manager dispatch Suzanne Fleischman Wies system.” preservation adds value, this is a profound Building owners should use these proposals misreading of land-use planning. Landmark as an incentive to kick-start their full-out green PUBLISHED BY CRAIN COMMUNICATIONS INC. designation is a form of planning no different initiatives. chairman Keith E. Crain Yes. “It would make everyone’s from any other. If a site is zoned for high-rise Not only will the owners and their tenants president Rance Crain life a little easier if [it] were commercial development versus low-rise breathe easier from the energy savings and air secretary Merrilee Crain more convenient for both the treasurer Mary Kay Crain taxi operator and especially residential, it has a different market value quality improvements, but the city will also be regardless of any existing structures.The city reducing its carbon footprint. executive vp, operations William Morrow the wheelchair senior vp, group publisher Gloria Scoby passenger.” rezones areas constantly and doesn’t compensate —ted bier group vp, technology, circulation, or charge owners for changes in value. President manufacturing Robert C. Adams The Supreme Court has determined that T.M. Bier & Associates Inc. vice president/production & the specific practice of landmark designation is manufacturing David Kamis chief information officer Paul Dalpiaz not a taking or a violation of Fifth Amendment CRAIN’S WELCOMES SUBMISSIONS to its opinion rights.To argue otherwise is, frankly, specious. pages. Send letters to [email protected]. founder G.D. Crain Jr. (1885-1973) For this week’s questions: Go to —simeon bankoff Send columns of 475 words or fewer to chairman Mrs. G.D. Crain Jr. (1911-1996) www.crainsnewyork.com/poll to have your say. Executive Director [email protected]. Please include the writer’s Historic Districts Council name, company, address and telephone number.

10 | Crain’s New York Business | January 2, 2012 20120102-NEWS--0011-NAT-CCI-CN_-- 12/29/2011 4:31 PM Page 1

INSIDE Foreign retailers can’t get enough of the Big Apple PAGE 12 The Brooklyn renaissance is great ... for a tiny sliver of the borough PAGE 12 A tale of two tech centers PAGE 15

City at mercy of Wall St.

en Goldstein of the Conference Board has been an econo- Kmist for more than 40 years,and if he’s right,the future for New York City is pretty bleak. “The economy here is expe- riencing its biggest transition since the 1970s, when manu- facturing jobs disappeared IN DECLINE: Construction has and the region shifted to dropped by 12% a service economy,’’ he said since 2007 and on crainsnewyork.com last continues to fall. month. “The five counties in northern New Jersey used to be the biggest center of manufactur- ing anywhere in the world except one area in Japan. GREG But those jobs DAVID were replaced by finance, advertising and media. Now all those in- dustries are going through the sorts of changes that manufac- turing saw,and the shift is espe- cially noticeable in finance, where jobs are disappearing as the industry adjusts to a new re- ality. Let me be clear: Finance won’t deliver the jobs or taxes that it used to do.Period.Ever.’’ Others are much less gloomy. Moody’s Analytics sees only a small decline in Wall Street jobs this year, and the Independent Budget Office ex- pects the losses to be modest as well. Both say the city’s econo- my will grow again this year, just not as strongly as in 2011. Both agree bonuses will be pared, creating a big hole for city and state budgets but with- out inflicting a severe blow on the city. Those are certainly diver- LOOKING DOWN gent views. Who is right? Mr. Goldstein is clearly too extreme. He’s right that the de- As work dwindles, construction firms seek union concessions cline in manufacturing in the 1970s was wrenching. New York City lost 400,000 or so BY GEOFFREY DECKER man Construction Corp. told the hosts of CNBC’s Squawk factory jobs in its recession of Box. “We’ve got to find a way to bring the unionized construc- 1969 to 1977, two-thirds of the In a recent television appearance, the chief executive of one of tion platform in New York back into some level of [nonunion] total jobs decline of 620,000. New York City’s oldest and most important construction and competitions.” What he misses is that that ter- development companies was asked to assess his firm’s prospects What made Mr. Tishman’s comments so significant was rible period, which ought to be over the next few years. Dan Tishman was far from bullish. that they came only weeks after developers, contractors and labeled New York’s Great Re- See CONSTRUCTION on Page 14 See WALL ST. on Page 14 “We can’t compete in the marketplace,” the CEO of Tish- buck ennis

January 2, 2012 | Crain’s New York Business | 11 20120102-NEWS--0012,0013-NAT-CCI-CN_-- 12/29/2011 4:30 PM Page 1

REPORT ECONOMIC OUTLOOK Homegrown stores tread gingerly as f

WEB WOE: Robert Schwartz’s biggest challenge comes from online competition. photos: buck ennis Despite financial disadvantage, local shops focus on service and personal connection

BY BRENDALISS GONZALES fter successfully launching an online shopping site for children’s clothes, Jennifer Cattaui 20% plunged into bricks-and-mortar retailing in CUTBACKS 2009 with a Tribeca store named Babesta The Gap is Threads. Surprised again by demand from the expected to TOYING WITH mini fashionistas who shop there, she opened a second outlet close one-fifth GROWTH: Jennifer A Cattaui is staying with named Babesta Cribzjust a block away. Both stores are doing of its stores, well, but Ms. Cattaui isn’t ready to expand again, reflecting a some in NY. two stores for now. caution that is shared by most small retailers in New York. Brooklyn blooms again, but not for all

Atlantic Yards project caps neighborhoods in the central and eastern parts dollar-and-up homes in Brooklyn reached a Williamsburg and Greenpoint in north of the borough remain poor, and Brooklyn’s three-year peak in 2011. Predictably, most Brooklyn saw their unemployment rate fall to a decade of growth for overall poverty and unemployment rates out- were located in Williamsburg, Park Slope and 7.9% in late 2009, the latest period for which borough, yet some areas strip the citywide numbers. Carroll Gardens. statistics are available. Meanwhile, the rate in “The development has been very uneven As newcomers flock to these northwest Brownsville and East New York soared to remain mired in poverty and unequal,” said Tom Angotti, director of neighborhoods, high-end hangouts, exclusive 19.2%, according to the Fiscal Policy Institute. the Center for Community Planning & De- eateries and specialized merchants set up shop According to the same analysis, west velopment at Hunter College, and a longtime to cater to their needs. In a head-spinning re- Brooklyn enjoyed the borough’s highest me- BY PATRICK WALL critic of the city’s approach to planning. verse commute, Manhattanites now stream dian income, at $70,000. East Brooklyn’s The upshot,in Brooklyn and the other bor- over the East River to take in shows at BAM, median income, $30,000, was the lowest. When the roar of 18,000 Brooklyn Nets fans oughs, is clear, he adds:“Instead of the vibrant sample artisanal treats at Smorgasburg and In the third quarter of 2011, the average rocks the Barclays Center to life this fall,some city that was more diverse, it’s becoming a city shop for designer labels at vintage boutiques home sale price, which includes condomini- will hear it as the clearest announcement yet of separate enclaves.” along Bedford Avenue. ums, co-ops and houses, was $667,000 in that Brooklyn has arrived. No part of Brooklyn has benefited more Williamsburg and $1.4 million in Dumbo and As Borough President Marty Markowitz from real estate development and falling crime Global brand Vinegar Hill, according to the Real Estate put it,the sparkling new arena near downtown rates—the city’s major gains during the One outcome is that the borough has de- Board of New York. Again the comparison is Brooklyn “will host the kind of events you Bloomberg administration—than the area veloped a reputation as a haven not only for stark. In Bedford-Stuyvesant, the average used to have to leave Brooklyn to enjoy.” bordered by the East River and extending yuppies but also for über-cool hipsters.Brook- home sale price was $433,000, and in East To proponents, the Nets’ arena at Atlantic from Red Hook north to Greenpoint. lyn itself is now a global brand. In 2010, 15 New York and Spring Creek, $308,000. Yards is the exclamation point of the Brook- These neighborhoods found themselves in million tourists from at least 57 countries While everyone acknowledges the gap, lyn Renaissance—a flourishing of creativity, an “upward spiral,”said Doug Muzzio,profes- made pilgrimages there, according to the bor- there is sharp disagreement over the causes construction and coolness over the last decade. sor of public affairs at Baruch College. “A ough president’s office. Since 2007, a dozen and what can be done about it. But critics note that Brooklyn’s economic neighborhood becomes middle class, then new hotels have opened in the borough. “I think the Brooklyn situation, like the gains have occurred predominantly in the more middle-class people want to move in.” But as the borough’s northwest corner con- Bronx and other places, is a social situation, northwest corner of the borough, where the Despite some hiccups during the recession, tinues to celebrate its grand arrival, the rest of not an economic situation,” said Alan Fish- Atlantic Yards development is situated. The real estate has been strong. Sales of million- Brooklyn awaits an invitation to the party. man, chairman of Ladder Capital Finance, a

12 | Crain’s New York Business | January 2, 2012 20120102-NEWS--0012,0013-NAT-CCI-CN_-- 12/29/2011 4:29 PM Page 2 s foreign retailers expand Queens has what “There are so many things that I’d like to do Robert Samuels of WJB Capital Group, a fi- that are on my radar,” she said.“But I think for nancial services firm specializing in global re- now, it’s just putting more into the stores search. The Gap said last year it would close we have and further developing our 20% of its stores, and has already given up retailers online presence.” some locations in New York. By contrast, foreign retailers are flooding “Retail stores like Gap are slower and are the city and changing the retail landscape in based on seasons,’’ he says. “The fact that they want Manhattan’s key shopping districts. The don’t have a fast turnout in inventory has Japanese retailer Uniqlo opened an 89,000- crushed them.” square-foot flagship store on Fifth Avenue last BY DANIEL PRENDERGAST fall and put a second store on 34th Street. Small retailers face myriad challenges Uniqlo followed in the wake of companies like Competition as well as the economy is also THE INVASION OF national chains that has Swedish retailer H&M and Spanish clothier causing problems for small retailers like remade the retailing scene in New York came Zara, which have become household names. Robert Schwartz, owner of Eneslow shoe to a screeching halt in the past year as fast- While many fear for the future of locally stores in Manhattan and Queens.Business fell food operators like Dunkin’ Donuts and dramatically when Lehman Brothers failed in warehouse stores like Home Depot either the fall of 2008. Yet he persevered and even stopped expanding or closed outlets. opened a new store on the Upper East Side be- But in Queens, retail expanded unabated New entrants cause the landlord was offering such cheap as the borough continued to become an like Uniqlo are rent. The store is yet to be profitable, and his increasingly attractive investment for overall sales have rebounded only modestly. national chains. fueling a surge Today, his biggest problem is not the state The number of chain-store locations in of the economy but the changes in retailing the borough has increased by 5.4% since in employment resulting from the continued growth in online 2010, according to a report released recently sales. He sees many customers who come into by a local think tank, Center for an Urban in the city his stores to be fitted by his trained sales staff Future. Jonathan Bowles, director of the and then step outside and order the shoes on- center, says the growth will continue. line from sites like Zappos. Sometimes they “I think it is a reflection of the economic start checking the Zappos price on their clout of the borough,” Mr. Bowles said. smartphones even while talking to the sales- “Companies that have done well in person. Manhattan but have relatively little room for grown retailers, the new entrants like Uniqlo “Zappos has free returns for 365 days and expansion are going to look to the are fueling a surge in employment. The city free shipping,” he said. “How do I compete boroughs.” added 15,000 retail jobs in the first 11 months with that?” As the home of New York’s middle class, of 2011, according to an analysis by Eastern Both Mr. Schwartz and Ms. Cattaui Queens is a prime target for retailers looking Consolidated, one in almost every three new acknowledge that small retailers operate at to expand here. The jobs in New York. a disadvantage because they can carry only a PRIME TARGET borough’s median The big foreign retailers have succeeded in limited selection and don’t have the financial household income large part because of their quick turnaround resources of their larger competitors.They be- times to produce runway looks at much lower lieve they will survive,and even thrive,because was $54,671 as of +5.4% prices than U.S.-based national retailers. they offer service that no chain can match. 2009, according to the U.S. Census CHAIN STORES These “fast fashion” retailers typically take 36 “I really try to just make sure that we are are still adding hours to massively produce and distribute a distinct,” said Ms. Cattaui, “and that we’re Bureau, with 47% of households making Queens locations. runway style; it can take six to eight weeks for connecting with people. I think people really Source: Leichtman Research Group other chains. respond to the passion we have, and we’ve between $39,479 These chains are attracting shoppers away really worked to have relationships with and $110,940. By from established brands like the Gap, says our customers.” Ⅲ comparison, only 36% of Bronx households fell into that range. “Certain places in Queens really have some great demographics,” said Jeffrey commercial real estate specialty finance com- Roseman, executive vice president of pany. He points to a lack of employability for Newmark Knight Frank Retail, a real estate those with minimal education. service firm. “Great income levels, great Only a third of Brooklyn’s labor force has education levels—retailers really want to be earned a bachelor’s or advanced degree, and in those markets.” nearly 60% have obtained only a high-school But retailers are not only looking at diploma or less, according to the Center for the Queens’ demographics. The borough has Study of Brooklyn at Brooklyn College. what’s known as high retail leakage. As a “The job-readiness questions are real,”said result, about $9.8 billion was spent outside Mr. Fishman, a lifelong Brooklynite. “Busi- Queens in 2010, according to a report nesses aren’t hiring just for the hell of it.” conducted by the JGSC Group, a group that But James Parrott, the Fiscal Policy Insti- collects retail data. tute’s chief economist, takes a different view. “There aren’t enough businesses right “It’s not as if Brooklyn’s workers don’t have now in Queens to meet the demand of the skills and aren’t employable,” he said.“It’s that residents who are there,” said Larisa Ortiz we have an economy that doesn’t create near- ly enough decent employment opportunities.” Pu-Folkes, senior director of retail attraction at the Department of Small Business Some of Brooklyn’s largest industries— NET GAIN: The health care and social assistance, retail, and Services. “Residents have to leave Queens Barclays Center is and shop elsewhere because the borough as food services—employ many local residents at expected to spark low wages. Average weekly wages actually fell further growth. a whole has a lot of retail leakage.” in 2010 to $718,a figure that is even lower than Another factor driving the growth, said the $791 average in the Bronx, according to a Franklin Mora, business services director at 2010 report by the Brooklyn Economic De- Just as there is no consensus on the root of lyn Economic Development Corp. President the Queens Economic Development Corp., is velopment Corp. Brooklyn’s economic inequities, there is no Joan Bartolomeo. a desire by landlords and building owners to Small businesses have proliferated in concerted effort to address them. Instead, city Without a plan to seed development fill vacant space with larger retailers since Brooklyn, but most hire few employees. More planners and private developers tinker with throughout the borough, Brooklyn is likely to the recession started because they are than two-thirds of Brooklyn firms employ just economic issues on a project-by-project basis. remain financially lopsided. better equipped to pay higher rents and sign one to four workers,according to a 2004 report “There hasn’t been, to my knowledge, a re- “The further apart the economic standing long-term leases. Ⅲ by Rebecca Busansky for the Brooklyn Cham- ally comprehensive plan done under the aus- of people,”said Mr.Parrott,“the harder it is for ber of Commerce. pices of any government agency,” said Brook- society to cohere.” Ⅲ

January 2, 2012 | Crain’s New York Business | 13 20120102-NEWS--0014-NAT-CCI-CN_-- 12/29/2011 6:05 PM Page 1

REPORT ECONOMIC OUTLOOK Pain on Construction firms eye union concessions

Continued from Page 11 HAMMERING THE INDUSTRY dent at the Real Estate Board of the most significant development Wall St. trade union leaders completed a New York. “And I think the answer may be the decision of the Building highly anticipated round of negoti- is they are not.” Trades Employers’ Association, a Continued from Page 11 ations for 23 contracts designed to Decline in construction spending to Some union deals in the last large general contracting group and accelerate, in billions cession,was about more than the loss address precisely the issues that Mr. round of talks yielded significant chief negotiator, to opt out of a plan of manufacturing.The city’s popula- Tishman raised. It is clear that de- concessions, Mr. Slattery said. In that required its contractors work tion declined by an extraordinary spite some concessions, the union- ’08 30.6 particular, the operating-engineers’ exclusively with unions.This will al- 800,000 people in the 1970s,and the ized construction industry faces deal eliminated work rules that re- low for the use of both union and fiscal crisis resulted in a collapse of continued uncertainty as nonunion ’09 26.7 quire developers to fill highly paid nonunion workers on the same site. confidence in the city’s future. contractors erode its position. positions that weren’t seen as pro- “We haven’t seen that in Manhat- Moody’s Analytics and the IBO The stakes for the city’s economy ductive. For instance, relief crane tan,” said Hope Cohen, a director at ’10 28.0 are extreme in their own way. The could not be higher. Construction operators who make $82.15 per the Regional Plan Association. people I talk to on Wall Street are has declined by 12% from its 2007 hour and oilers who make $66.50 extraordinarily gloomy, mostly be- peak of $31 billion, with the Build- ’11 27.7* are both required to accompany any Worth the cost? cause they spend their days telling ing Congress estimating work at engineer on a crane, but they rarely The share of nonunion construc- the people who work for them that $27.7 billion for 2011. The drop ’12 27.3* perform regular duties. In early tion jobs in New York City has their jobs are being eliminated.They would be more severe were it not for 2011, REBNY estimated that there quadrupled since the 1970s, but insist that the situation is worse than public infrastructure spending filling were 14 “unproductive workers” at more than 60% of all projects— ’13 23.0* the bad days of the financial crisis in part of the gap of private work,which the World Trade Center who were including the biggest sites—remain 2008.They may be right because the plunged to $2.2 billion in 2011 from earning $400,000 or more in regu- union-only. This is in part because *Projected. job losses during the recession were $6.3 billion in 2008. In all, the num- Source: New York Building Congress lar pay and overtime. union work sites are believed to pretty modest at 20,500, of which ber of construction jobs has declined But new contracts with the car- maintain safer conditions,and union the city has recovered 6,000,accord- by about 25,000 since then. penters’union and concrete workers workers complete projects more ing to Eastern Consolidated. However, the Building Con- third in just five years. increased wages and offered conces- quickly and with higher quality. Moody’s and the IBO are also gress predicts a steeper decline as Against such a dismal backdrop, sions only on buildings that were no But developers say that counting on the diversification of public capital budgets are cut and the real estate industry remains de- higher than 20 stories. nonunion work quality has im- the city economy to overcome the buildings are completed at the termined to seek concessions from If anything,the 23 new deals have proved and have begun questioning impact of the troubles in the finan- World Trade Center project. It esti- the unions. set up more showdowns for this year, if the work premium is worth the cial sector. That’s what happened in mates construction work will fall to when 15 more contracts will expire, costs, which are between 20% and 2008 and 2009 when the strength of $23 billion in 2013, and another More showdowns expected including those for the Operating 30% more. They say the shift tourism; the growth of emerging in- 20,000 workers will lose their jobs, “The fundamental question is Engineers and Allied Building Met- is necessary in light of current dustries like the Internet sector, bringing employment down to as whether the costs for construction al Industries, and the Mason Ten- economic woes. higher education, and film and tele- few as 91,000. If the predictions are at sustainable levels to encourage ders District Council and Building “This is not the end of the sto- vision production; and the contin- come true,the ranks of construction and promote new development,” Contractors Association. ry,” said Ms. Cohen. “There will be ued expansion of recession-resistant workers will have been pared by a said Michael Slattery, a vice presi- Meanwhile, industry experts say some drama next spring.” Ⅲ health care saved the city from the economic damage the caused that downturn to be labeled the “The automobile industry, agri- Great Recession. culture,natural resources,exports— Those industries seem unlikely NYC’s economy stuck in neutral those aren’t really big job generators here.” Continued from Page 1 pansion won’t be strong enough to ing to the IBO. Tourism has bol- Maralyn Dolan,for one,won’t be The odds of a filed by several major industry play- drive down the unemployment rate, stered the city’s recovery, and will doing any hiring in 2012.The pres- ers.Credit Suisse,Citigroup,Bank of which will still be more than 8% continue to do so if the European ident of Integrated Printing & recession in America and Bank of New York when 2013 rolls around. debt crisis is resolved without an Graphics in Tribeca said her compa- Mellon all filed mass layoff notices “Going forward, because the economic disaster. ny was rocked by the recession and New York this late last year with the state Depart- greatest risks seem to be in the fi- forced to lay off staff and streamline ment of Labor.JPMorgan Chase and nancial sector, I think the outlook Tenuous outlook its accounting and billing systems.“I year are high Goldman Sachs are among the oth- for New York City is a little bit more “The city has diversified enough don’t know how employment in the er financial giants expected to pare tenuous than for the nation,” Mr. over the past 20 years to where a de- city will grow because everyone is so payrolls in 2012. State Comptroller Bram said. cline in financial services alone isn’t used to doing things less expensive- Thomas DiNapoli predicted some “If you have declines in financial going to bring the economy back ly,” she said. 10,000 Wall Street jobs could be lost services compensation and employ- into a recession,” said Marisa It’s not only her. Clients have cut to be able to offset Wall Street’s by the end of the year, though econ- ment, it will be a big offset to Di Natale, a director at Moody’s back,she said,looking for every pos- woes. Tourism is likely to be omists say net losses may be between growth. While it’s not likely to flip Analytics. sible way to cut costs. squeezed by fallout from the Euro- 3,000 and 5,000 through the first half the economy into a tailspin, you’ll “If you have a really severe reces- “Price has always been impor- pean mess, there is simply no capac- of 2012 before growth resumes. need a lot of strength in other sec- sion in Europe, it’s possible to start tant,but now it’s different,”she said. ity to expand the film and TV “The potential risks seem to be tors to offset that drag.” talking about a double dip. But giv- “We quote things 10 different business, and the great health boom focused primarily in the financial Local government employment en what we’re expecting, I think ways—different paper,colors,bind- may finally be over. sector,” said Jason Bram, senior will also temper growth, though not New York City manages to get by ings—to get the price down. For the short term, this makes economist at the Federal Reserve as much as in 2010 and 2011. Lay- without another recession.” It’s difficult.” the odds of a recession in New York Bank of New York.“ ‘Uncertainty’is offs by the city might have ceased, However,because the risks to the Even the meter man has muted this year—meaning a decline in the an overused word,but in this case it’s but massive entities like the Port local economy stem from its all- expectations. At power giant Con- number of jobs—very high. a fair one.” Authority and Metropolitan important financial sector, solidated Edison, peak electric and For the long term, Mr. Goldstein The Independent Budget Office Transportation Authority the outlook for the city is gas demand is expected to inch up, a may be on to something. No, New estimates Wall Street revenues will could still cut workers. 14% more tenuous than for the forecast that relies on job and popu- York’s entire finance sector isn’t go- fall 14% next year to $13.2 billion, a Some sectors will pick up THE DECLINE nation. After leading the lation expansion. in Wall Street ing to disappear the way manufac- drop that will result in lower bonus- slack, just not enough to revenues pack for so long, it’s likely “Overall we see modest growth,” turing did. But it wasn’t always so es for workers and less tax revenue power a robust recovery. forecast for that in 2012, growth in the said Joseph Oates, vice president of profitable, and it didn’t always pay for the city. And city Comptroller Tech-related jobs could pro- next year. city will lag the rest of the energy management. “Slow but so much. Salomon Brothers CEO John Liu warned that “mounting vide a boost, said Kenneth country. By the end of 2011, steady growth is probably not a bad John Gutfreund—the Lloyd concern over the eurozone remains McCarthy,managing director of re- the nation’s year-over-year growth way to describe it.” Blankfein of the 1980s—made a wild card, and our city’s potential search for Cushman & Wakefield’s rate was more than double that of Indeed,2012 looks to be a lot like $3.1 million in 1986, considered exposure to a European collapse is New York Metro region. “We’ve the city. A strong national recovery the second half of 2011. outrageous at the time. Goldman significant.” seen leasing by companies like would lift the five boroughs, “It’s probably going to feel about Sachs paid Mr. Blankfein $68.5 LinkedIn, Facebook, Gilt Groupe but thus far the areas that have ex- the same,” said Mr. McCarthy of million in 2007, nine times what Anemic growth and many others,” he said. hibited strength across the country Cushman & Wakefield.“We’ll have Gutfreund made after adjusting for With Wall Street weighing The bulk of the growth is expect- are not big players here. a good month and a bad month and inflation. down the city economy, growth in ed to come in health care and edu- “Right now, sectors leading the a good quarter and a bad one. In an The future of Wall Street and fi- 2012 is expected to be anemic. The cation, leisure and hospitality, and national economy aren’t really big uncertain environment, that’s what nance might be like the 1980s and it IBO predicts it will be 1%, with the professional and business services, for New York City,” said James you get. The net result is slow won’t be the 1970s, but the adjust- five boroughs gaining 38,800 jobs. which are projected to add a com- Brown, principal economist at the growth, which isn’t a bad thing, but ment will be plenty painful. Ⅲ Moody’s Analytics predicts the ex- bined 39,100 jobs this year, accord- state Department of Labor. not as good as we hope.” Ⅲ

14 | Crain’s New York Business | January 2, 2012 20120102-NEWS--0015-NAT-CCI-CN_-- 12/29/2011 4:35 PM Page 1

REPORT buck ennis

During the 1980s and ’90s, Silicon Valley, not New York City, became the world’s capital of technology startups, and that is still true today. But if I’m right and we succeed in this mission, it won’t be true forever. —Mayor Michael Bloomberg, Crain’s Future of New York conference, July 2011

It’s good to be No. 2, but Sizing up overtaking No. 1 is years away.The nine-month total for Silicon that dream Valley? Just under $8 billion. GOING PUBLIC to surpass Not a single major New York Internet company has gone public yet.The two firms with the highest the Valley valuations that are likely to test the market are TheLadders.com and t’s a good line that New York Gilt Groupe, both valued at about will some day overtake Silicon $1 billion. Valley as the tech capital of The expected public offering IAmerica.The interest of some next year for Facebook is expected of the nation’s leading univer- to value the company at $10 billion. sities in establishing a world-class The market capitalization for engineering school here is a sign that Google: more than $200 billion. the city’s future in tech is bright.Still, a reality check is needed. BIG EMPLOYER JOIN CRAIN’S ENGINEERS The mayor and his top deputies like to hold events at Google, New York State had a total of which is probably the biggest tech 101,280 architectural and employer in the city, with about ADVISORY PANEL engineering jobs as of last May. 2,000 workers. It is Google’s (Architects accounted for less than biggest office outside California. 10% of the total.) The figure is only The total Google head count at the about a third of the 299,280 such end of the third quarter—31,000 jobs in California, according to data employees. from the United States Bureau of As for homegrown New York Labor Statistics. companies, Gilt probably has the The total number of most employees, approaching architectural and engineering jobs 1,000. in the New York metropolitan area Looking for readers to share views and opinions. came in at 28,200 in the first WHERE NYC IS NO. 1 quarter of 2011. San Jose, the self- proclaimed capital of Silicon Valley, The average office rental rate in boasted 49,090 positions, and San Manhattan in the third quarter of Francisco had 43,360. 2011 was $56.15 per square foot, according to real estate brokerage VENTURE CAPITAL Cushman & Wakefield.That’s more than double the $27 per New York edged past Boston in square-foot rate in Silicon Valley. terms of venture-capital funding in Meanwhile, Manhattan’s 2010 when the city received $896 Silicon Valley’s average vacancy million, compared with Boston’s rate is 9.3% versus 15.9% in Silicon Sign up for FREE today. CRAIN’S NEW YORK BUSINESS $866 million. For the first nine Valley and 31.4% in San Jose. months of 2011, New York Higher vacancy rates drive down www.crainsnewyork.com/advisory companies, primarily media, prices and give fast-growing tech entertainment and software companies many more options for startups, attracted $2.2 billion, space that can be leased, often more than double the figure for all for shorter periods of time. of last year. —al barbarino

January 2, 2012 | Crain’s New York Business | 15 20120102-NEWS--0016-NAT-CCI-CN_-- 12/29/2011 4:10 PM Page 1

FOR THE RECORD

documents are available for $25 in the by CBRE Group Inc.’s Mark Ravesloot Gedinsky represented the tenant. Joseph blueprint room, Olmsted Center, Queens, and William Iacovelli. The landlord, Isa and Josh Siegelman, also of Winick ABOUT THIS SECTION from 8 a.m. to 3 p.m. The fee is payable W&H Properties, was represented by Realty Group, represented the landlord, by company check or money order to the Mitchell Arkin, Kelli Mekles and Haley Double MK Realty.The area asking rent FOR THE RECORD is a weekly listing of information from the public record that City of NY, Parks and Recreation. Klein of Cushman & Wakefield Inc. is $125 to $150 per square foot. can help businesspeople in the New York area find opportunities, potential Contact Juan Alban at (718) 760-6771 The asking rent was $50 per square foot. new clients and updates on competitors. or [email protected]. To ask questions or get more information on this section, contact Suzanne ● Eastern Consolidated renewed its STOCK TRANSACTIONS Panara at [email protected]. ● Department of Parks and Recreation lease for 15,000 square feet at 355 Seeks competitive sealed bids by 10:30 Lexington Ave. The firm will occupy Following are recent insider transactions at a.m. on Jan. 24 for reconstruction of the space on the 11th floor. The tenant was New York’s largest publicly held companies step ramp and adjacent landscape in represented by ATCO Properties & filed with the Securities and Exchange Riverside Park, located between Management’s John Lord and John Commission by executives and major BANKRUPTCIES Bank USA, owed $113,418, PNC Bank, Riverside Drive and St. Clair Place in Cinosky, along with Gregg Lorberbaum shareholders. Listings are in order of owed $89,551; and Chase Bank, owed Manhattan. Bid documents are available of Centric Real Estate Advisors. Louis transaction value.The information was The following listings are selected from the $39,446. for a fee of $25 in the blueprint room, Somoza represented the landlord, Rudin obtained from Thomson Reuters. most recent available filings by companies Olmsted Center, Queens, from 8 a.m. to Properties, in-house. The asking rent seeking bankruptcy protection in the ● Dmark Inc. 3 p.m. The fee is payable by company was $45 per square foot. ● ExlService Holdings Inc. (EXLS) Southern and Eastern Districts of New 66 Willow Ave., Staten Island check or money order to the City of NY, OCH Genpar sold 2,000,000 shares of York. Information was obtained from U.S. Filed for Chapter 7 bankruptcy Parks and Recreation. Contact Juan ● People’s United Bank signed a 15-year common stock at $25 on Dec. 6, in a Bankruptcy Court records available on protection on Dec. 8. The filing cites Alban at (718) 760-6771 or lease for 7,200 square feet at 250 Park transaction worth $50,000,000. It now Public Access to Court Electronic Records. estimated liabilities of $100,001 to [email protected]. Ave. Cassidy Turley’s Richard Bernstein, indirectly holds 5,542,500 shares. Listings are in alphabetical order. $500,000 and estimated assets of $0 to Eric Thomas and Ralph Giordano $50,000. Among the creditors with the GOODS AND SERVICES represented the tenant. David Hoffman Oak Capital Hill Partners sold ● 6 North Street Corp. largest unsecured claims are Prompt ● Department of Education Jr., Robert Billingsley and Wendy Miller 1,950,000 shares of common stock at 6 North St., Mount Vernon, N.Y. Mailer, owed $92,375.21; Richard Seeks competitive sealed bids by 4 p.m. represented the landlord, AEW Capital $25 on Dec. 6, in a transaction worth Filed for Chapter 11 bankruptcy Masucci, owed $63,477.74; and on Jan. 25 for a contractor to provide all Management. The asking rent was $300 $48,750,000. It now directly holds protection on Dec. 2. The filing cites American Express, owed $38,213.82. labor, material and supervision required per square foot. 5,403,940 shares. estimated liabilities of $500,001 to $1 and necessary to repair, replace and million and estimated assets of $500,001 ● Getty Petroleum Marketing Inc. maintain lighting ballasts. For all ● Doyle & Roth Manufacturing Co. ● Estée Lauder Cos. (EL) to $1 million. Among the creditors with 1500 Hempstead Turnpike, East questions related to this bid, please send signed a lease for 2,800 square feet at 39 Zinterhofer Aerin Lauder Trust sold the largest unsecured claims are Yehuda Meadow, L.I. an email to [email protected]. Broadway. Coldwell Banker Commercial 93,000 shares of common stock at prices Weinstock, owed $220,000; Gerald Filed for Chapter 11 bankruptcy Hunter Realty’s Neil Murray ranging from $112.65 to $113.19 on Cohen, owed $83,739.26; and Michael protection on Dec. 5. The filing cites ● Department of Homeless Services represented the tenant, while Tom Dec. 6, in a transaction worth Cohen, owed $20,000. estimated liabilities of $50,000,001 to Seeks competitive sealed bids by 11 a.m. Hettler represented the landlord, the $10,483,438. It now directly holds 846 $100 million and estimated assets of on Jan. 10 for on-call rental of mobile Lawrence Group, in-house. The asking shares. ● 261 East 78 Realty Corp. $50,000,001 to $100 million. Among boiler units and fuel tanks. The period of rent was $31 per square foot. 261 E. 78th St., Manhattan the creditors with the largest unsecured performance is 36 months from the date ● Ralph Lauren Corp. (RL) Filed for Chapter 11 bankruptcy claims are Tyree Service Corp., owed of notice to commence work, with an RETAIL Jackwyn L. Nemerov, executive vice protection on Dec. 6. The filing cites $513,238.90; Tyree Environmental option to renew for 24 months. Contact ● Fay Da Bakery signed a lease for 1,650 president and director, exercised options estimated liabilities of $10,000,001 to Corp., owed $291,860.96; and Barry Gabriel at (212) 361-8438 or square feet at the Sky View Center, 40- on 6,060 shares of common stock at $50 million and estimated assets of Thompson Hine, owed $201,784.32. [email protected]. 24 College Point Blvd., in Flushing, $65.31 on Dec. 5, in a transaction worth $10,000,001 to $50 million. Among the Queens. The local bakery chain will $395,779. On the same day, she sold creditors with the largest unsecured ● Noto Industrial Corp. ● Department of Parks and Recreation occupy space on Level B. The tenant was 17,200 shares of common stock at $150, claims are Chris Georgoulis, Georgoulis 11 Thomas St., Coram, L.I. Requests proposals by 3 p.m. on Jan. 30 represented by Ricky Wong of Super in a transaction worth $2,580,000. She & Assoc., owed $500,000; John Filed for Chapter 7 bankruptcy for renovation, operation and Connection Inc. The landlord, Onex now directly holds 235,875 shares. Newhouse, Newhouse & Shey, owed protection on Dec. 3. The filing cites maintenance of a snack bar at Heckscher Real Estate Partners, was represented $500,000; and Jack Finnell, owed estimated liabilities of $0 to $50,000 and ball fields in Manhattan. Parks will hold in-house. The asking rent was between ● Assurant Inc. (AIZ) $340,000. estimated assets of $0 to $50,000. a site tour on Tuesday, Jan. 10, at 2 p.m. $50 and $120 per square foot. Robert B. Pollock, president, chief Among the creditors with the largest at the concession site, which is located executive and director, exercised options ● 824 Southern Boulevard Realty unsecured claims are Jeff Miller and north of the Heckscher ball fields, south ● Danny Hodak, who previously opened on 133,037 shares of common stock at 824 South East Blvd., Bronx Thomas Talty, owed $24,000; Omega of West 65th Street and Transverse Mediterranean eatery Taboon, signed a prices ranging from $22.00 to $30.08 Filed for Chapter 11 bankruptcy Industrial Services Inc., owed $2,000; Road No. 1 and west of the carousel in lease for 1,000 square feet at 30 E. 13th on Dec. 9, in a transaction worth protection on Dec. 14. The filing cites and Craftwood Lumber & Hardware, Central Park. To make inquiries, contact St. Winick Realty Group’s Kelly $2,969,018. Ⅲ estimated liabilities of $1,000,001 to owed $1,500. Davita Mabourakh at (212) 360-1397 or $10 million and estimated assets of [email protected]. $1,000,001 to $10 million. Among the ● Tires R Us creditors with the largest unsecured 14-19 Broadway, Queens ● Economic Development Corp. DEALS ROUNDUP claims are Barton Barton & Plotkin, Filed for Chapter 11 bankruptcy Requests proposals by 4 p.m. on Feb. 13 owed $5,000,000; Jahira Gutierrez and protection on Dec. 13. The filing cites for consultant services including TRANSACTION SIZE Elsa Gutierrez, owed $2,300,000; and estimated liabilities of $1,000,001 to designing and implementing a lighting- SELLER/TARGET (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE Jose Reyes and Mirely Reyes, owed $10 million and estimated assets of focused place-making initiative to $2,300,000. $100,001 to $500,000. Among the transform the experience of lower Rosenkranz & Co. $3,342.8 Tokio Marine & Nichido SB M&A creditors with the largest unsecured Manhattan at night and regularly attract (Manhattan)/Delphi Fire Insurance Co. Financial Group Inc. ● BP Clothing claims are Rule Transfer Inc., owed and retain new visitors, residents and 530 Seventh Ave., Manhattan $850,000; WesBanco, owed workers. An optional informational Jennison Associates $2,347.9 Eldorado Gold Corp. SB M&A (Manhattan), BlackRock Filed for Chapter 11 bankruptcy $280,373.40; and PNC Financial session will be held Friday, Jan. 13, at 11 Investment Management Ltd., protection on Dec. 12. The filing cites Services Group, owed $260,929.13. a.m. at 110 William St., Manhattan. Fidelity Management & Research Co., estimated liabilities of $50,000,001 to Those who wish to attend should RSVP JPMorgan Asset Management Holdings $100 million and estimated assets of by emailing LM-Lighting-RFP@ Inc. (Manhattan), Qatar Holding, $50,000,001 to $100 million. Among GOVERNMENT CONTRACT nycedc.com on or before Jan. 10. Aktor Construction International Ltd./ the creditors with the largest unsecured OPPORTUNITIES Respondents may submit questions European Goldfields Ltd. claims are Oaktree, owed $6,837,960; and/or clarification requests to Ares Management, Ews $532.6 Macquarie Infrastructure FB M&A Majestic Realty, owed $272,377.66; and Following are selected contract NYCEDC no later than 4 p.m. on Holdings/WCA Waste Corp. Partners (Manhattan) Grant Thornton, owed $24,368. opportunities recently announced by New Friday, Jan. 27. Answers to all Delphi Ventures, Warburg $325.0 CR Bard SB M&A York City agencies.To learn how to sell questions will be posted by Feb. 3 to Pincus (Manhattan), U.S. ● Bridge & Bridge Yoga Inc. goods and services to city government, visit www.nycedc.com/RFP.Please submit Venture Partners, The 6 E. 39th St., Manhattan www.nyc.gov/selltonyc. For a searchable six sets of your proposal. Vertical Group, Versant Ventures, RiverVest Filed for Chapter 7 bankruptcy database of current procurement notices, Venture Partners, protection on Dec. 14. The filing cites visit www.nyc.gov/cityrecord. Listings are Pinnacle Ventures/ estimated liabilities of $500,001 to $1 alphabetical by category and department. REAL ESTATE DEALS Lutonix Inc. million and estimated assets of $50,001 Abingworth, CMEA $310.0 Takeda American SB M&A to $100,000. Among the creditors with CONSTRUCTION SERVICES Companies that would like to have Capital, U.S. Venture Holdings Inc. (Manhattan) the largest unsecured claims are Gordon ● Department of Design and Construction details of their recent transactions Partners, Novartis Bridge, owed $335,941; Capital Seeks competitive sealed bids by 2 p.m. appear in these listings should email Venture Funds, Sofinnova Payments, owed $23,463.09; and on Jan. 24 for replacement of HVAC, descriptions following this format to Ventures Inc., Biogen Idec Hutner Klarish, owed $15,600. BMS and fire alarm systems at four [email protected], with New Ventures Inc., Manhattan branch libraries. Bid “Real estate transaction” in the subject FinTech Global Capital/ Intellikine Inc. ● Deaf and Hard of Hearing Interpretative documents are available at line, or enter them online at Services Inc. www.nyc.gov/ddc. To make inquiries, crainsnewyork.com/submitadeal. Deals are Not disclosed/The $150.0 Avenue Capital Group GCI 99 Madison Ave., Manhattan contact Ben Perrone at (718) 391-2614. listed in order of square footage. Quizno’s Corp. (Manhattan) Filed for Chapter 11 bankruptcy Selected deals announced for the week ended Dec. 25 involving companies in metro New York. protection on Dec. 15. The filing cites ● Department of Parks and Recreation COMMERCIAL FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing ● shares of a company with the participation of a financial buyer. GCI: Growth capital investment estimated liabilities of $100,001 to Seeks competitive sealed bids by 10:30 Regus signed a 16-year lease for represents new money invested in a company for a minority stake. SB M&A: Strategic buyer $500,000 and estimated assets of $0 to a.m. on Jan. 19 for reconstruction of 52,300 square feet at 112 W. 34th St. M&A represents a minority or majority acquisition of existing shares of a company without the $50,000. Among the creditors with the miscellaneous sections of boardwalks, The firm will occupy the entire 17th and participation of a financial buyer. source: capitaliq largest unsecured claims are HSBC ADA ramps and railings citywide. Bid 18th floors. The tenant was represented

16 | Crain’s New York Business | January 2, 2012 Project5:fp template.qxd 12/20/11 1:07 PM Page 1

Tom Potter, co-founder and former CEO of Te Brooklyn Brewery

...experienced the power CRAIN’S NEW YORK BUSINESS has to play ‘matchmaker’ in New York. In 2009, Crain’s penned an article about Potter’s next venture: New York Distilling Co., the city’s largest legal distillery since Prohibition, where Potter identified raising the initial capital as his biggest hurdle. As a result of the feature, New York Distilling Co. drew enough investor interest to fully fund the distillery and plan to open in the fall of 2011.

Crain’s New York Business: Making Connections for 25 Years. nb01p18-20cl.qxp 12/30/11 2:06 PM Page 18

BOOKKEEPING PUBLIC & LEGAL NOTICES SERVICES Notice of Qualification of BLACKBIRDS Notice of Qualification of CBS LITV REQUEST FOR INFORMATION OPERATIONS ENTERPRISES LLC. LLC. Authority filed with Secy. of Authority filed with Secy. of State of State of NY (SSNY) on 12/05/11. NY (SSNY) on 12/07/11. Office Office location: NY County. LLC THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY location: NY County. LLC formed in formed in Delaware (DE) on 12/02/11. REQUEST FOR INFORMATION Delaware (DE) on 11/10/11. Princ. Princ. office of LLC: 51 W. 52nd St. office of LLC: 1411 Broadway, 39th (19-13), NY, NY 10019. SSNY desig- RELATED TO POTENTIAL ALTERNATIVES Fl., NY, NY 10019. SSNY designated nated as agent of LLC upon whom www.mayermeinberg.com TO DESIGN, CONSTRUCT, OPERATE, MAINTAIN AND FINANCE as agent of LLC upon whom process process against it may be served. ELEMENTS OF THE LAGUARDIA AIRPORT CENTRAL TERMINAL against it may be served. SSNY shall SSNY shall mail process to c/o mail process to c/o Desiree Perez, S. Corporation Service Co. (CSC), 80 BUILDING REDEVELOPMENT PROJECT Carter Enterprises, LLC at the princ. State St., Albany, NY 12207-2543. DE TELECOMMUNICATIONS The Port Authority of New York and New Jersey is seeking to identify firms interested in responding office of the LLC. DE addr. of LLC: addr. of LLC: c/o Corporation Service NYC'S MOTOROLA to a Request for Information (RFI) related to the future LaGuardia Airport Central Terminal Building 2711 Centerville Rd., Ste. 400, Co., 2711 Centerville Rd., Ste. 400, Redevelopment Project. Wilmington, DE 19808. Arts. of Org. Wilmington, DE 19808. Arts. of Org. MOTOTRBO SPECIALISTS filed with Secy. of State, DE, Div. of filed with Secy. of State of DE, Div. of This RFI may be obtained directly via download at: Corp., John G. Townsend Bldg., 401 Corps., John G. Townsend Bldg., http://www.panynj.gov/business-opportunities/bid-proposal-advertisements.html?tabnum=6, Federal St. - Ste. 4, Dover, DE 401 Federal St., Dover, DE 19901. RFI Number: 27466. Addenda to the RFI, if any, will be posted at this site. Monitor the advertisement 19901. Purpose: Any lawful activity. Purpose: Any lawful activity. on the web site to ensure your awareness of any changes. NOTICE OF QUALIFICATION of C2i CERCA ACQUISITION I, LLC, Authority If you have any technical problems accessing the documents online, email us at [email protected] Methane Partners, LLC. App for Auth filed with the SSNY on 08/17/2011. or call us at (201) 395-3405 for assistance. filed with the Secy of State of NY Office location: NY County. LLC It is currently anticipated that proposals shall be due by 2:00 PM on January 31, 2012 or as otherwise (SSNY) on 10/11/11. Office loc: NY formed in DE on 07/14/2010. SSNY indicated in the document. Proposals must have the RFI Number and full legal firm name clearly Cty. LLC formed in DE on 07/21/08. is designated as agent upon whom SSNY designated as an agent upon indicated on the outside package. process against the LLC may be whom process may be served and served. SSNY shall mail process to: Send Proposal(s) to: The Port Authority of NY & NJ, Attn: RFP Custodian, Procurement Department, shall mail process to: C/O C T 375 Park Ave, Ste 2607, NY, NY 2 Montgomery Street, 3rd Floor, Jersey City, NJ 07302. Corporation System, 111 Eighth Ave, 10152. Address required to be NY, NY 10011. Principal business maintained in DE: Corporation Trust Notice of Formation of The Reynard Notice of Qualification of Nutra-Blend, addr: 93 St. Mark’s Pl, Ste 2, NY NY Ctr 1209 Orange St. Wilmington DE Group, LLC. Arts. of Org. filed with L.L.C. Authority filed with NY Dept. of 10009. Certificate of LLC filed with 19801. Cert of Formation filed with SSNY on 08/18/11. Office location: NY State on 12/14/2011. Office location: Secy of State of DE loc at 401 Federal DE Div. of Corps, 401 Federal St., County. SSNY designated as agent NY County. LLC formed in MO on St, Ste 4, Dover DE 19901. Purpose: Suite 4, Dover, DE 19901. Purpose: upon whom process may be served 12/29/1994. NY Sec. of State desig- any lawful acts. Any Lawful Purpose. and shall mail process to: United nated agent of LLC upon whom Notice of Formation of KELLY STREET Notice of Qual. of Sydell Group LLC, 33 East 33rd Street States Corporation Agents, Inc., 7014 process against it may be served PARTNERS, LLC. Arts. of Org. filed Auth. filed Sec’y of State (SSNY) New York, NY 10016 13th Ave., Ste. 202, Brooklyn, NY and shall mail process to: c/o CT with Secy. of State of NY (SSNY) on 6/22/11. Office loc.: NY County. LLC 212-532-7400 11228. Purpose: any lawful activity. Corporation System, 111 8th Ave., 10/21/11. Office location: NY County. www.metrocomradio.com org. in DE 5/25/11. SSNY desig. as NY, NY 10011. MO and principal Princ. office of LLC: Workforce agent of LLC upon whom process SDH/HL GENTRY LLC, a domestic business address: 3200 E. 2nd St., Housing Advisors MM, LLC, 271 against it may be served. SSNY shall LLC, Arts. of Org. filed with the SSNY Neosho, MO 64850. Cert. of Org. Madison Ave., Ste. 1007, NY, NY mail copy of proc. to NRAI, 875 Ave on 11/22/11. Office location: New filed with MO Sec. of State, 600 W. 10016. SSNY designated as agent of of the Americas, NY, NY 10001. DE PUBLIC & LEGAL York County. SSNY is designated as Main St., Jefferson City, MO 65102. LLC upon whom process against it may off. addr.: 160 Greentree Dr., Ste. 101, agent upon whom process against NOTICES Purpose: all lawful purposes. be served. SSNY shall mail process Dover, DE 19904. Cert. of Form. on the LLC may be served. SSNY shall to the LLC at the addr. of its princ. file: SSDE, Townsend Bldg., Dover, DE mail process to: The LLC, c/o Notice of Formation of Northglen office. Purpose: Any lawful activity. 19901. Purp.: any lawful activities. NOTICE OF FORMATION OF LIMITED Haymes Investment Company, 5 Penn Properties, LLC, Art. of Org. filed LIABILITY COMPANY. NAME: 453 Plaza, 24th Fl, NY, NY 10001. Sec’y of State (SSNY) 7/26/11. Office Notice of Qualification of RM-36 Notice of Formation of ETS CAPITAL WEST 46th STREET LLC. Articles of General Purposes. location: NY County. SSNY designated Operating LLC. App. for Auth. filed III, LLC. Arts. of Org. filed with Secy. Organization were filed with the as agent of LLC upon whom process with Secy. of State of NY (SSNY) on of State of NY (SSNY) on 11/07/11. Secretary of State of New York (SSNY) Notice of Formation of TRI TIP against it may be served. SSNY shall 10/3/11. Office location: NY County. Office location: NY County. SSNY on 12/22/11. Office location: New HOLDINGS, LLC. Arts. of Org. filed mail copy of process to c/o Dahan & LLC formed in Delaware (DE) on designated as agent of LLC upon York County. SSNY has been desig- with Secy. of State of NY (SSNY) on Nowick, 1700 Broadway, NY, NY 8/31/11. SSNY designated as agent whom process against it may be nated as agent of the LLC upon whom 12/21/11. Office location: NY County. 10019. Purpose: any lawful activities. of LLC upon whom process against it served. SSNY shall mail process to process against it may be served. Princ. office of LLC: 17 W. 17th St., 5th may be served. SSNY shall mail Timothy P. Terry, 667 Madison Ave., SSNY shall mail a copy of process to Fl., NY, NY 10011. SSNY designated Notice of Formation of Molecular process to: c/o United Corporate 24th Fl., NY, NY 10065. Purpose: the LLC, 372 West 46th Street, New as agent of LLC upon whom process Cell, LLC. Art. of Org. filed Sec’y of Services, Inc. (UCS), 10 Bank St., Any lawful activity. York, New York 10036. Purpose: against it may be served. SSNY shall State (SSNY) 8/11/11. Office location: Ste. 560, White Plains, NY 10606. DE For any lawful purpose. mail process to Corporation Service NY County. SSNY designated as address of LLC: c/o UCS, 874 Walker Notice of Formation of GB CENTRAL Co., 80 State St., Albany, NY 12207- agent of LLC upon whom process Road, Ste. C, Dover, DE 19904. Arts. PARKING LLC. Arts. of Org. filed with Notice of Qualification of Experis 2543. Purpose: Any lawful activity. against it may be served. SSNY shall Secy. of State of NY (SSNY) on Finance US, LLC. Authority filed with of Org. filed with DE Secy. of State, mail copy of process to 18 E. 48th Townsend Bldg., Dover, DE 19901. 11/15/11. Office location: NY County. NY Dept. of State on 12/5/11. Office R DOBBS PARTNERS LLC Articles St., Ste. 802, NY, NY 10017. Purpose: any lawful activity. Princ. office of LLC: 7 Penn Plaza, location: NY County. Princ. bus. of Org. filed NY Sec. of State (SSNY) Purpose: any lawful activities. Ste. 618, NY, NY 10001. SSNY addr.: 100 Manpower Pl., Milwaukee, 2/16/2011. Office in NY Co. SSNY NOTICE OF FORMATION of Eos designated as agent of LLC upon WI 53212. LLC formed in DE on desig. agent of LLC upon whom Notice is hereby given that a license Visions LLC, a domestic LLC filed whom process against it may be 10/1/11. NY Sec. of State designated process may be served. SSNY shall (#TBA) for LIQUOR has been applied with the Secretary of State of NY served. SSNY shall mail process to agent of LLC upon whom process mail copy of process to c/o Robbins for by WOODROWS MANAGEMENT (SSNY) on 10/27/11. Office location: NY the LLC, c/o The Feil Organization at against it may be served and shall & Associates, P.C., 60 E. 42nd St., 46th LLC at retail, in a RESTAURANT, County. SSNY has been designated the princ. office of the LLC. Purpose: mail process to: c/o CT Corporation Fl., NY, NY 10165. Purpose: Any lawful under the ABC Law at 43 MURRAY as agent upon whom process Any lawful activity. System, 111 8th Ave., NY, NY 10011, purpose. Principal business location: ST. NY, NY 10007 for on-premises against it may be served. SSNY shall regd. agent upon whom process may 359 W. 11th St., PH-A, NY, NY 10014. consumption. mail a copy of any process against the Notice of Formation of GEN Y CAPITAL be served. DE addr. of LLC: 1209 LLC served upon him to 1810 Third PARTNERS I LLC. Arts. of Org. filed Orange St., Wilmington, DE 19801. Notice of Formation of PIE FACE 507 Notice of Formation of Trevor L James Avenue, B7A, New York, NY 10029. with Secy. of State of NY (SSNY) on Cert. of Form. filed with DE Sec. of LLC. Arts. of Org. filed with Secy. of Studio LLC. Arts of Org. filed with Sec. Date of Dissolution: perpetual. Purpose: 11/04/11. Office location: NY County. State, 401 Federal St., Dover, DE State of NY (SSNY) on 11/16/11. of State of NY (SSNY) 10/07/2011. To engage in any lawful act or activity. SSNY designated as agent of LLC 19901. Purpose: all lawful purposes. Office location: NY County. SSNY Office Location: New York County. upon whom process against it may be designated as agent of LLC upon SSNY is designated agent for service NOTICE OF FORMATION OF REGIS- served. SSNY shall mail process to Notice of Qualification of Waterfall whom process against it may be of process. SSNY shall mail process to TERED LIMITED LIABILITY PARTNER- Lowenstein Sandler PC, Attn: Peter Victoria REO 2011-01, LLC. App. for served. SSNY shall mail process to 44 West 96th St, # 4D. New York, NY, SHIP. NAME: SERRINS FISHER LLP. D. Greene, Esq., 1251 Ave. of the Auth. filed with Secy. of State of NY Corporation Service Co., 80 State St., 10025. Purpose: any lawful purpose. Certificate of Registration was filed Americas, NY, NY 10020. Purpose: (SSNY) on 11/14/11. Office location: Albany, NY 12207-2543. Purpose: with the Secretary of State of New Any lawful activity. NY County. LLC formed in Delaware Any lawful activity. Notice of Formation of Flow Medical York (SSNY) on 11/09/11, with an (DE) on 12/22/09. SSNY designated Cell L.L.C. Arts. of Org. filed with NY existence date of 01/02/2012. Office Notice of Formation of 74 Wooster as agent of LLC upon whom process Notice of Formation of Mamma’sBoy Dept. of State on 10/13/11. Office location: New York County. SSNY has Holding, LLC. Articles of Organization against it may be served. SSNY shall Snacks, LLC. Arts. of Org. filed with location: NY County. Sec. of State been designated as agent of the LLP filed with Secy. of State of NY (SSNY) mail process to: Capitol Services, Secy. of State of NY (SSNY) on designated agent of LLC upon whom upon whom process against it may be on 11/01/11. Office loc.: New York Inc., 1218 Central Ave., Ste. 100, 11/4/11. Office location: NY County. process against it may be served and served. SSNY shall mail a copy of Co. SSNY designated as agent of Albany, NY 12205. DE address of SSNY designated as agent of LLC shall mail process to the principal process to the LLP, 233 Broadway, LLC upon whom process against it LLC: 1675 S. State St., Ste. B, upon whom process against it may be business addr.: 23 Waverly Place, 18th Floor, New York, New York may be served. SSNY shall mail Dover, DE 19901. Arts. of Org. filed served. SSNY shall mail process to: Apt. 6t, NY, NY 10003. Purpose: all 10279, which also serves as the loca- process to the LLC, 27 Howard with DE Secy. of State, 401 Federal 118 E. 4th St., Apt. 12A, NY, NY 10003. lawful purposes. tion of the partnership. Purpose: For Street, Unit 5, New York, NY 11013. Purpose: any lawful act or activity. the practice of the profession of Law. Purpose: any lawful act or activity. St., Ste. 4, Dover, DE 19901. Notice of Qualification of US Learning Purpose: any lawful act or activity. Notice of Qualification of BELLPORT Partners, LLC. Authority filed with Secy. Notice of Qualification of COMCAST Notice of Qualification of 430 W. 14 MEZZ I, LLC. Authority filed with Secy. of State of NY (SSNY) on 12/1/11. CABLE COMMUNICATIONS Realty, LLC. Authority filed with NY of State of NY (SSNY) on 12/19/11. Office location: NY County. LLC MANAGEMENT, LLC. Authority filed Dept. of State on 11/25/11. Office Office location: NY County. LLC formed in Delaware (DE) on 10/28/11. with Secy. of State of NY (SSNY) on location: NY County. Princ. bus. addr.: formed in Delaware (DE) on 11/10/11. SSNY designated as agent of LLC 11/14/11. Office location: NY County. 9130 W. Sunset Blvd., Los Angeles, To place your Princ. office of LLC: 37th Fl., 10 East upon whom process against it may be LLC formed in Delaware (DE) on CA 90069. LLC formed in DE on 53rd St., NY, NY 10022. SSNY desig- served. SSNY shall mail process to: 08/24/09. SSNY designated as agent 11/16/11. NY Sec. of State designated nated as agent of LLC upon whom Seyfarth Shaw LLP, 620 Eighth Ave., of LLC upon whom process against it agent of LLC upon whom process classified ad process against it may be served. NY, NY 10018, Attn: Charles Modlin, may be served. SSNY shall mail against it may be served and shall SSNY shall mail process to c/o Esq. Principal office address: c/o process to c/o CT Corporation System, mail process to: c/o CT Corporation Corporation Service Co., 80 State St., University Ventures, 1745 Broadway, 111 Eighth Ave., NY, NY 10011, regd. System, 111 8th Ave., NY, NY 10011, Albany, NY 12207-2543. DE addr. of NY, NY 10019. Address to be main- agent upon whom and at which regd. agent upon whom process may call Mike Vargas LLC: 2711 Centerville Rd., Ste. 400, tained in DE: c/o Corporation Service process may be served. DE addr. of be served. DE addr. of LLC: c/o The Wilmington, DE 19808. Cert. of Form. Company, 2711 Centerville Rd., Ste. LLC: 1201 N. Market St., Ste. 1000, Corporation Trust Co., 1209 Orange filed with Secy. of State of DE, Div. of 400, Wilmington, DE 19808. Arts of Org. Wilmington, DE 19801. Arts. of Org. St., Wilmington, DE 19801. Cert. of @ 212-210-0189 Corps., John G. Townsend Bldg., filed with the DE Secretary of State, 401 filed with DE Secy. of State, 401 Form. filed with DE Sec. of State, 401 Federal St., Ste. 4, Dover, DE Federal St., Ste. 4, Dover, DE 19901. Federal St., Dover, DE 19901. 401 Federal St., Dover, DE 19901. 19901. Purpose: Any lawful activity. Purpose: any lawful activities. Purpose: Management company. Purpose: all lawful purposes.

18 | Crain’s New York Business | January 2, 2012 nb01p18-20cl.qxp 12/30/11 12:40 PM Page 19

PUBLIC & LEGAL NOTICES Notice of Qual. of Andor Opportunity Notice of Qualification of IMG College, NOTICE OF FORMATION OF A Notice of Qualification of ASTAR Notice of Qualification of NRG Energy Fund, L.P., Auth. filed Sec’y of State LLC. Authority filed with NY Dept. of DOMESTIC LIMITED LIABILITY CAPITAL GROUP, LLC. Authority Services Group LLC. Authority filed (SSNY) 6/20/11. Office loc.: NY County. State on 9/15/11. Office location: NY COMPANY (LLC). The name of the filed with Secy. of State of NY (SSNY) with NY Dept. of State on 11/10/11. LP org. in DE 2/23/11. SSNY desig. County. Princ. bus. addr.: 1360 E. 9th LLC is S & J Property Holdings, LLC. on 11/09/11. Office location: NY Office location: NY County. Princ. bus. as agent of LP upon whom process St., Cleveland, OH 44114. LLC formed The Articles of Organization of the County. LLC formed in Delaware (DE) addr.: 211 Carnegie Ctr., Princeton, NJ against it may be served. SSNY shall in DE on 10/8/10. NY Sec. of State LLC were filed with the New York on 10/31/11. Princ. office of LLC: 08540. LLC formed in DE on 10/28/10. mail copy of proc. to Att: Daniel designated agent of LLC upon whom State Secretary of State on November 152 W. 57th St., 52nd Fl., NY, NY NY Sec. of State designated agent of Benton, 1330 Ave of the Americas, process against it may be served and 16, 2011. The purpose of the LLC is 10019. SSNY designated as agent of LLC upon whom process against it 24th Fl., NY, NY 10019. DE off. addr.: shall mail process to: c/o CT Corporation to engage in any lawful act or activity. LLC upon whom process against it may be served and shall mail process CSC, 2711 Centerville Rd., Wilmington, System, 111 8th Ave., NY, NY 10011, The office of the LLC is to be located may be served. SSNY shall mail to: c/o CT Corporation System, 111 DE 19808. Cert. of LP on file: SSDE, regd. agent upon whom process may in New York County. The Secretary process to Attn: Dana Eagleton at the 8th Ave., NY, NY 10011, regd. agent Townsend Bldg., Dover, DE 19901. be served. DE addr. of LLC: The of State is designated as the agent of princ. office of the LLC. DE addr. of upon whom process may be served. Name/addr. of each gen. ptr. avail. at Corporation Trust Co., 1209 Orange the LLC upon whom process against LLC: 2711 Centerville Rd., Ste. 400, DE addr. of LLC: 1209 Orange St., SSNY. Purp.: any lawful activities. St., Wilmington, DE 19801. Cert. of the LLC may be served. The address Wilmington, New Castle Cnty., DE Wilmington, DE 19801. Cert. of Form. Form. filed with DE Sec. of State, to which the Secretary of State shall 19808. Arts. of Org. filed with Jeffrey filed with DE Sec. of State, 401 Notice of Formation of william herbst 401 Federal St., Dover, DE 19901. mail a copy of any process against W. Bullock, Secy. of State of DE, 401 Federal St., Dover, DE 19901. group llc. Arts of Org. filed with NY Purpose: all lawful purposes. the LLC is c/o Brad M. Kaplan, Esq., Federal St. - Ste. 4, Dover, DE Purpose: all lawful purposes. Secy of State (SSNY) on 3/18/11. 30 Montgomery Street, Jersey City, NJ 19901. Purpose: Any lawful activity. Office location: New York County. Notice of Formation of ARC Water NANASAMIKO LLC, a domestic LLC, 07302. The LLC is to be managed by SSNY is designated as agent of llc Front Group LLC. Arts. of Org. filed Arts. of Org. filed with the SSNY on one or more managers or a class or Notice of Qual. of 1775 Grand upon whom process against it may with Secy. of State of NY (SSNY) on 11/4/11. Office location: New York classes of managers. Concourse LLC, Auth. filed Sec’y of be served. SSNY shall mail process County. SSNY is designated as agent State (SSNY) 8/19/11. Office loc.: NY 12/13/2007. Off. loc.: NY Co. SSNY to 211 East 51st St. Eleven D, New upon whom process against the LLC Notice of Qualification of Tivoli West, County. LLC org. in DE 8/12/11. SSNY designated as agent of LLC upon York, NY, 10022. Purpose: Any law- may be served. SSNY shall mail pro- LLC. Authority filed with NY Dept. of desig. as agent of LLC upon whom whom process against it may be ful activity. cess to: Sam Rankell, 141 E. 76 St., State on 11/22/11. Office location: process against it may be served. served. SSNY shall mail process to NY County. LLC formed in DE on the LLC, 240 Riverside Blvd., #28B, Name of LLC: AlShamsi Capital LLC. NY, NY 10021. General Purposes. SSNY shall mail copy of proc. to 7/20/11. NY Sec. of State designated New York, NY 10069. Purpose: any Arts. of Org. filed with NY Dept. of Latest date to dissolve 12/1/2050. NRAI, 875 Ave of the Americas, NY, agent of LLC upon whom process lawful act or activity. State: 10/27/11. Office loc.: NY Co. NY 10001, the Reg. Agt. upon whom MARCELIN LLC, a domestic LLC, against it may be served and shall Sec. of State designated agent of proc. may be served. DE off. addr.: G.D.O.I. LLC, a domestic LLC, Arts. Arts. of Org. filed with the SSNY on mail process to: c/o CT Corporation LLC upon whom process against it 160 Greentree Dr., Ste. 101, Dover, of Org. filed with the SSNY on 10/4/11. Office location: New York System, 111 8th Ave., NY, NY 10011. may be served and shall mail process DE 19904. Cert. of Form. on file: 9/19/11. Office location: New York County. SSNY is designated as DE address of LLC: 1209 Orange St., to: c/o Business Filings Inc., 187 Wolf SSDE, Townsend Bldg., Dover, DE County. SSNY is designated as agent upon whom process against Wilmington, DE 19801. Cert. of Rd., Ste. 101, Albany, NY 12205, 19901. Purp.: any lawful activities. agent upon whom process against the LLC may be served. SSNY shall Form. filed with DE Sec. of State, regd. agt. upon whom process may the LLC may be served. SSNY shall mail process to: The LLC, Attn: Mr. 401 Federal St., Dover, DE 19901. NOTICE OF FORMATION OF LIMITED be served. Purpose: any lawful act. mail process to: Wimpfheimer & Luc Levy, 270 Lafayette St., #1201, Purpose: all lawful purposes. LIABILITY COMPANY. NAME: RED HAIR & MAKEUP, LLC. Articles of Wimpfheimer, 330 W. 58th St., NY, Notice of Formation of D. MELLEN NY, NY 10012. General Purposes. NOTICE OF FORMATION OF Minka Organization were filed with the NY 10019. General Purposes. Latest BARICK LLC. Arts. of Org. filed with JUNISO, LLC, a domestic LLC. Arts. Holdings, LLC. Arts of Org filed with Secretary of State of New York date to dissolve 9/19/2041. Secy. of State of NY (SSNY) on of Org. filed with the SSNY on the Secy of State of NY (SSNY) on (SSNY) on 11/01/11. Office location: 12/08/11. Office location: NY County. Notice of Formation of One57 66A, LLC. 12/08/2011. Office location: NY 09/08/11. Office loc: NY Cty. SSNY New York County. SSNY has been SSNY designated as agent of LLC Arts. of Org. filed with Secy. of State County. SSNY has been designated has been designated as agent upon designated as agent of the LLC upon upon whom process against it may of NY (SSNY) on 11/21/11. Office as agent upon whom process against whom process may be served and whom process against it may be be served. SSNY shall mail process location: NY County. SSNY designated the LLC may be served. SSNY shall shall mail a copy of any process to the served. SSNY shall mail a copy of to c/o Deborah Mellen, 2000 as agent of LLC upon whom mail process to: 234 E 58th St., NY, principal business address: 450 West process to the LLC, 77 Bleecker Broadway, 15C, NY, NY 10023. process against it may be served. NY 10022. Reg Agent: Remy 42 Street, 37G, New York, NY 10036. Street, Apartment 818, New York, Purpose: Any lawful activity. SSNY shall mail process to: c/o Issembert, 234 E 58th St., NY, NY Purpose: any lawful acts. New York 10012. Purpose: For any Cahill Gordon & Reindel LLP, 80 Pine 10022. Purpose: Any Lawful Purpose. lawful purpose. Notice of Formation of JEMCAP SD, PWAOD LLC, a domestic LLC. Arts. St., NY, NY 10005, Attn: Managing LLC. Arts. of Org. filed with Secy. of Notice of formation of DELDOR of Org. filed with the SSNY on Notice of Qual. of Andor Opportunity, Clerk. Purpose: any lawful activity. State of NY (SSNY) on 12/09/11. LASER CENTER LLC. Arts of Org. 11/14/2011. Office location: NY L.L.C., Auth. filed Sec’y of State (SSNY) Office location: NY County. Princ. Notice of Formation of LONGSON filled with Secy of State of NY (SSNY) County. SSNY has been designated 6/20/11. Office loc.: NY County. LLC office of LLC: 360 Madison Ave., Ste. ESTATE GROUP, LLC. Articles of on 10/19/11. Office location: NY as agent upon whom process against org. in DE 2/23/11. SSNY desig. as 1902, NY, NY 10017. SSNY designated Organization filed with the Secretary County. SSNY designated as agent the LLC may be served. SSNY shall agent of LLC upon whom process as agent of LLC upon whom process of State of NY (SSNY) on 11/15/2011. of LLC upon whom process against mail process to: 244 5th Ave, Ste against it may be served. SSNY shall against it may be served. SSNY shall Office location: NEW YORK County. it may be served. SSNY shall mail 2541, NY, NY 10001. Reg Agent: mail copy of proc. to Att: Daniel mail process to Corporation Service SSNY has been designated as agent process to: The LLC, 109 East 36th Allen M. Harvey, CPA, 915 Broadway, Benton, 1330 Ave of the Americas, Co., 80 State St., Albany, NY 12207- upon whom process against it may Street, first floor, NY, NY 10016. Ste 1209, NY, NY 10010. Purpose: 24th Fl., NY, NY 10019. DE off. addr.: 2543. Purpose: Any lawful activity. be served. The Post Office addess to Purpose: any lawful activity. Any Lawful Purpose. CSC, 2711 Centerville Rd., Wilmington, which the SSNY shall mail a copy of Notice of formation of SHER DE 19808. Cert. of Form. on file: NOTICE OF QUALIFICATION of any process against the LLC served TREMONTE LLP. Arts. of Org. filed Notice of Formation of Harz Energy, SSDE, Townsend Bldg., Dover, DE Guardian Distributors, LLC. App for upon him/her is: 21 BENNET AVE, with Secy. Of State of N.Y. on 11/3/11. LLC. Arts. of Org. filed with Secy. of 19901. Purp.: any lawful activities. Auth filed with the Secy of State of NY # 43, NEW YORK, NY, 10033. Office location: NY County. SSNY State of NY (SSNY) on 11/22/11. (SSNY) on 11/01/11. Office loc: NY Notice of Qualification of FAMECO Purpose: any lawful act or activity. designated as agent of LLP upon Off. loc.: NY Co. SSNY designated Cty. LLC formed in DE on 10/14/11. LLC. Authority filed with NY Dept. of whom process against it may be as agent of LLC upon whom Notice of Formation of INDUSTCO SSNY has been designated as an State on 10/12/11. Office location: NY served. SSNY shall mail process to process against it may be served. ALLIED LLC. Arts. of Org. filed with agent upon whom process against it County. LLC formed in DE on 7/14/06. principal business location: 41 SSNY shall mail process to the LLC, Secy. of State of N.Y. (SSNY) on may be served and shall mail process NY Sec. of State designated agent Madison Avenue, 41st Fl., NY, NY c/o Northern Estates Corp., 20 West 9/28/11. Office location: New York to: Corporation Service Company, of LLC upon whom process against 10010. Purpose: Any lawful activity. 37th St., New York, NY 10018 County. SSNY designated as agent of Purpose: any lawful act or activity. 2711 Centerville Rd., Wilmington, DE it may be served and shall mail LLC upon whom process against it Notice of Formation of Commanders 19808. The principal business address: process to the principal business may be served. SSNY shall mail NOTICE OF FORMATION OF Ocutex of the Board LLC. Arts. of Org. filed 7 Hanover Sq., New York, 10004 addr.: 150 E. 58th St., NY, NY 10155. process to: c/o Signature Urban Software LLC. Arts of Org filed with with Secy. of State of NY (SSNY) on Certificate of LLC filed with Secretary DE addr. of LLC: National Registered Properties, LLC, 853 Broadway, Ste. the Secy of State of NY (SSNY) on 10/26/11. Office location: NY County, of State of DE located at DE Secy. of Agent, Inc., 160 Greentree Dr., Ste. 2014, New York, NY 10003. Purpose: 08/24/2011. Office loc: NY Cty. SSNY SSNY designated as agent of LLC State, 401 Federal St., Ste. 4, Dover, 101, Dover, DE 19904. Cert. of Form. any lawful activity. upon whom process against it may be designated as agent upon whom DE 19901. Purpose: any lawful acts. filed with DE Sec. of State, served. SSNY shall mail process to process may be served and shall mail Townsend Bldg., Dover, DE 19901. Notice of Qualification of Signal the LLC, c/o Renee Yarzig, 160 process to: United States Corporation Notice of Qualification of Ardour Purpose: all lawful purposes. Trading Systems, LLC. Authority filed Riverside Blvd., Ste. 17C, New York, NY Agents, Inc., 7014 13th Ave, Ste 202, Asset Management, LLC. App. for with NY Dept. of State on 12/2/11. 10069. Purpose: any lawful activity. Bklyn, NY 11228. Principal business Auth. filed Secy. of State NY (SSNY): Notice of Qualification of 150 Fourth Office location: NY County. Princ. bus. address: 12 Desbrosses St, NY, NY 11/18/11. Ofc. Loc.: NY Cty. Jurisd. Avenue, LLC. Authority filed with NY addr.: 400 S. LaSalle St., Chicago, IL Notice of Formation of WRE Equity 10013. Purpose: any lawful acts. and date of org.: DE, 11/8/11. SSNY Dept. of State on 11/1/11. Office 60605. LLC formed in DE on 5/13/10. Group, LLC. Arts. of Org. filed with Secy. designated as agent upon whom location: NY County. LLC formed in NY Sec. of State designated agent of of State of NY (SSNY) on 12/1/11. Notice of Formation of GROUP RED, process against it may be served and DE on 10/28/11. NY Sec. of State LLC upon whom process against it Office location: NY County. SSNY L.L.C. Arts. of Org. filed with Secy. of shall mail copy of process to the DE designated agent of LLC upon whom may be served and shall mail process designated as agent of LLC upon State of NY (SSNY) on 12/09/11. addr. of the LLC: United Corp. Svcs., process against it may be served to: c/o CT Corporation System, 111 whom process against it may be served. Office location: NY County. Princ. Inc., 874 Walker Rd., Ste. C, Dover, and shall mail process to: c/o CT 8th Ave., NY, NY 10011. DE addr. of SSNY shall mail process to: c/o Gabriel office of LLC: 35 E. 21st St., NY, NY DE 19904. Princ. bus. addr.: 350 5th Corporation System, 111 8th Ave., NY, LLC: 1209 Orange St., Wilmington, DE Levinson Ganfer & Shore LLP, 360 10010. SSNY designated as agent of Ave., Ste. 3018, NY, NY 10118. Cert. NY 10011, regd. agent upon whom 19801. Cert. of Form. filed with DE Sec. Lexington Ave., 14th Fl., NY, NY LLC upon whom process against it of LLC filed with: DE Secy. of State, process may be served. DE address of State, 401 Federal St., Dover, DE 10017. Purpose: any lawful purpose. may be served. SSNY shall mail 401 Federal St., Dover, DE 19901. of LLC: 1209 Orange St., Wilmington, 19901. Purpose: all lawful purposes. process to Davis & Gilbert LLP, 1740 Purpose: any lawful acts. DE 19801. Cert. of Form. filed with DE Notice of Qualification of CDV III Broadway, NY, NY 10019. Purpose: Sec. of State, 401 Federal St., Dover, Funke Literary, LLC filed an App. for HARRISON STREET, LLC. Authority Any lawful activity. Notice of Qualification of DUNE ROAD DE 19901. Purpose: all lawful purposes. Authority filed with the Dept. of State filed with Secy. of State of NY (SSNY) POOH, LLC. Authority filed with Secy of NY on 9/12/2011. Jurisdiction: on 11/22/11. Office location: NY Notice of Qualification of Tennessee of State of NY (SSNY) on 11/07/2011. Notice of Qualification of ICON Delaware and the date of its organi- County. LLC formed in Delaware (DE) Gas Pipeline Company, L.L.C. Office location: New York County. Northern Leasing 11, LLC. Authority zation is: 08/23/2011. Office location on 11/16/11. Princ. office of LLC: c/o Authority filed with NY Dept. of State LLC formed in Delaware (DE) on filed with Secy. of State of NY (SSNY) is New York County . The Secretary Clarion Partners LLC, Attn: Richard on 10/18/11. Office location: NY 11/01/2011. SSNY designated as on 11/02/11. Office location: NY of the State of NY (“SSNY”) is desig- Schaupp, 230 Park Ave., 12th Fl., NY, County. Princ. bus. addr.: 1001 agent of LLC upon whom process County. LLC formed in Delaware (DE) nated as agent upon whom process NY 10169. SSNY designated as agent Louisiana St., Houston, TX 77002. against it may be served. SSNY shall on 02/02/11. Princ. office of LLC: against it may be served, the address of LLC upon whom process against LLC formed in DE on 10/1/11. NY mail process to: c/o National Registered ICON Capital Corp., 100 Fifth Ave., 4th to which the SSNY shall mail a copy it may be served. SSNY shall mail Sec. of State designated agent of Agents Inc., 875 Avenue of the Fl., NY, NY 10011. SSNY designated of such process is: 1485 Fifth Ave., process to c/o Holland & Knight LLP, LLC upon whom process against it Americas, Suite 501, New York, NY as agent of LLC upon whom process Suite 15J, NY, NY 10035. Address Attn: M. James Spitzer, Jr., Esq., 31 may be served and shall mail 10001. Address required to be against it may be served. SSNY shall maintained in its jurisdiction is: 1220 W. 52nd St., NY, NY 10019. DE addr. process to: c/o CT Corporation maintained in home jurisdiction: 160 mail process to the LLC at the addr. of N. Market Street, Suite 806, Wilmington, of LLC: c/o Corporation Service Co., System, 111 8th Ave., NY, NY 10011, Greentree Drive, Ste. 101, Dover, DE its princ. office. DE addr. of LLC: 2711 DE 19801. The authorized officer in 2711 Centerville Rd., Ste. 400, regd. agent upon whom process may 19904. Arts of Org filed with Secretary Centerville Rd., Ste. 400, Wilmington, its jurisdiction where a copy of its Wilmington, DE 19808. Arts. of Org. be served. DE addr. of LLC: 1209 of State, Corporation Division, 401 DE 19808. Arts. of Org. filed with Secy. Certificate of Formation can be obtained filed with DE Secy. of State, Div. of Orange St., Wilmington, DE 19801. Federal St., Suite 4, John G. Townsend of State of DE, Div. of Corps., John G. is: Jeffrey W. Bullock, Division of Corps., John G. Townsend Bldg., 401 Cert. of Form. filed with DE Sec. of Bldg., Dover, Delaware 19901. Townsend Bldg., 401 Federal St., Ste. Corporations, John G. Townsend Bldg., Federal St., Ste. 4, Dover, DE 19901. State, 401 Federal St., Dover, DE Purpose: Acquisition, Development & 4, Dover, DE 19901. Purpose: Any 401 Federal St.Suite 4, Dover, DE Purpose: Any lawful activity. 19901. Purpose: all lawful purposes. Management of Real Estate. lawful activity. 19901. The purpose is: any lawful act.

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and Nemo,two bedbug-sniffing bea- Positive Pest Management in gles. Meanwhile, the state passed a Whitestone, Queens, whose com- City stamping out bedbug curse law in 2010 that requires landlords to pany has service contracts with 165 disclose any prior bedbug infesta- apartment buildings. “Now we are Continued from Page 1 for DOITT. That was not the case more than tions in their buildings. seeing a major drop in business. We apartment buildings declined by To be sure, bedbugs are still a big a year ago,when bedbugs took up res- Hoteliers are also getting a han- go weeks without bedbug 344 instances, to 4,481. Queens was problem. Because they are intro- idence in exclusive neighborhoods, dle on the problem. complaints.” the only borough to report an in- duced when people travel, hotels luxury hotels and high-end shops. AppleCore Hotels, which owns As exterminators ruminate crease,with 17 more violations,for a have been particularly hard hit and “I think people freaked out so five budget properties in the city, about their future, New Yorkers are total of 610, according to the De- must remain especially vigilant.An- much and got overly cautious that outfitted its beds with bedbug- turning their newfound knowledge partment of Housing Preservation other trouble spot: low-income it’s helped a little bit,” said Alyssa resistant mattress casings and im- into power. and Development. A violation oc- housing units where landlords are Bleiberg, a public relations profes- plemented new inspection proce- Scott Keatley, who works with curs when inspectors find at least not exterminating properly or are sional who had a bedbug outbreak in dures,regularly examining electrical homeless people and regularly visits one bedbug. simply unable to get rid of the bugs a former apartment several years sockets, baseboards and bed frames residents in low-income housing From January through November as tenants reinfect the buildings. ago. She has since educated herself for evidence of the pests.“The num- units, was terrified of bringing bugs 2011,the city’s 311 help line received “There is just not enough money on how to avoid getting them again. ber of incidents has declined [at our home with him. 22% fewer calls about bedbugs com- to deal with bedbugs effectively at Experts said that the city’s educa- hotels],” said chief executive Vijay Now the director of Nourishing pared with the same period a this level of housing,”said Jody Gan- tion efforts—and people’s anxiety Dandapani,“and guests are less anx- NYC has armed himself with pre- year earlier, said the city’s Depart- gloff-Kaufmann,an urban entomol- levels—have paid off.The city set up ious these days.” vention information and a new rou- ment of Information Technology & ogist with the Atkinson Center for a a bedbug website that provides infor- tine. At the end of a day when he Telecommunications, which tracks Sustainable Future who also was the mation on how to prevent, recognize Counting on the next plague feels he may have been exposed to complaints and queries. chairman of the city’s Bed Bug Ad- and treat infestations. HPD has de- Exterminators lament the loss of the bugs, he puts his clothing “Those numbers are probably visory Board.“I hate the idea of stig- veloped new training programs for its a lucrative business. in the dryer for 10 minutes after the best gauge for how much bed- matizing people who can’t afford to inspectors to help them better detect “The extermination industry got he gets home. bugs are in the overall consciousness deal with this,but it [continues to be] the insects. In November, HPD un- access to millions of dollars,” said “It alleviated my fear,” he said. “I of New Yorkers,” said a spokesman an issue of poverty,” she added. leashed its latest weapons, Mickey Benett Pearlman, chief executive of feel more in control.” Ⅲ

vantage,insisting that the mayor ex- Cuomo, Bloomberg: When egos collide pand taxi service to the disabled.His involvement endeared him to advo- cates, including Iowa Sen. Tom Continued from Page 1 dium proposal, and outer-borough rial & Museum foundation— Not to be outdone, Mr. Cohen’s Harkin, whose support would be the state oversees much of the city’s fi- legislators defeated his congestion chaired by the mayor—by suggest- successor, Lawrence Schwartz, lets it valuable if Mr.Cuomo runs for pres- nances, and the city must get legisla- pricing scheme. ing the museum owed more money be known that he has a nickname: ident in 2016. tive approval for big policy changes. Governors presented fewer than previously disclosed. “Big Balls.” “Everyone assumes now that That friction usually worsens headaches. George Pataki did not “Where people thought we’d His counterpart in the Bloomberg there will not be an automatic will- during tough times,and the last year make many demands, Eliot Spitzer find partnership, we’ve gotten road- administration is Deputy Mayor ingness for [Mr. Cuomo and his has been no exception. Mr. Cuomo quickly self-destructed and David blocks,” said one Bloomberg ad- Howard Wolfson,a scrappy operative aides] to do something because it’s halved a state budget deficit with a Paterson was powerless. ministration insider who, like many and former attack dog for Hillary in the interest of the city,” the new tax plan that leans on the “Bloomberg came away with the people interviewed for this story, Clinton and Sen. Charles Schumer. Bloomberg administration insider wealthy but does nothing to help incorrect view that he’s an equal or spoke on condition of anonymity. “They are both guys who pride said. “That was there before. Now Mr. Bloomberg fill the city’s own $2 more important player than the gov- Even on projects where the two themselves on getting s—t done and they ask, ‘What’s in it for us?’ ” billion budget gap. ernor,” said Bruce Gyory, a political have collaborated, the governor and running through walls,” said a per- But the tension between Mr. consultant and a SUNY-Albany ad- his staff have made it known who son who has worked with both Paying a price Cuomo and Mr. Bloomberg goes be- junct professor of political science. has the upper hand. Both supported administrations. The price is often political. By yond policy.It reflects a broader clash “He’s never understood that the gov- the passage of marriage-equality Insiders credit the Cuomo ad- resolving conflicts, the governor between two powerful and supreme- ernor of New York has far more in- legislation and took a victory lap to- ministration for being disciplined comes out looking like a peacemak- ly confident men,both of whom view stitutional power than the mayor.” gether during the gay-pride parade. and nimble enough to quickly re- er, accruing good will from the con- themselves as presidential material. He does now.Mr.Cuomo has ex- But when the Human Rights Cam- move political threats. When reli- stituents he helps. But his jockeying “They don’t have a meeting of the erted his authority over city affairs in paign feted the mayor with its Na- gious objections were raised against for short-term wins may have a minds because they see the world in a way that has left Bloomberg offi- tional Ally for Equality Award, the marriage-equality bill, Cuomo long-term cost to his relationship such different ways,” said one veter- cials with no doubt who’s in charge. Cuomo aides leaked a letter show- promptly crafted an exemption. with the mayor. Even if Mr. an of city politics. “And they both ing that the governor had been in- One old Albany hand compared Bloomberg never pursues his presi- think their view is superior.” Erosion of trust vited to receive the award first. working under the Cuomo admin- dential ambitions—which seems In his decade in office, Mr. Last year, the governor was un- The skirmishes have eroded trust istration to playing for the Yankees. increasingly likely,as he will turn 70 Bloomberg has used the powers of his compromising on the mayor’s re- on both sides, and insiders say the “It’s very controlling, but effective,” next month—he will remain a bil- office to develop huge swaths of the quests for state aid and ignored his hard-charging styles of the admin- he said. “It’s ‘get the job done or get lionaire media mogul when he city, launch a sustainability plan and pleas to reform teacher seniority istrations’ point men have made out of the way.’ ” leaves office in 2013, and could be a create a technology campus. But rules and city workers’ pensions. He compromise elusive. The Bloomberg administration, powerful friend or foe to anyone when the billionaire needs Albany,he removed Port Authority Executive Former Secretary to the Gover- while exuding managerial profes- running for national office. Mr. has often been stymied. Director Chris Ward, who was nor Steven Cohen articulated the sionalism, has been slower to make Cuomo, for instance. Before Mr. Cuomo became gov- praised by Mr. Bloomberg for get- administration’s muscular approach political concessions. Observers be- “At some point he’s going to need ernor in 2011, however, it was the ting World Trade Center rebuilding in a tirade last year against the Con- lieve the mayor allowed disability friends,” the mayor told a confidant Legislature that most frustrated the on track. And last month he in- necticut governor’s chief of staff. advocates’ concerns regarding his during an event in late September. mayor. Assembly Speaker Sheldon flamed a dispute between the Port “We operate on two speeds here,”he outer-borough taxi legislation to go “And the way he’s going,he’s not go- Silver torpedoed his West Side sta- Authority and the Sept. 11 Memo- said. “Get along, and kill.” unaddressed. Mr. Cuomo took ad- ing to have them.” Ⅲ

PUBLIC & LEGAL NOTICES Notice of Qualification of ACRC Notice of Qualification of Evolve Notice of Qualification of AG MVP Notice of Qualification of UNITED Notice of Qualification of EQUITY ONE Lender LLC. Authority filed with NY Discovery New York Series LLC, Plus SG II, L.P. Authority filed with NY TECH BATTERIES, LLC. Authority (METROPOLITAN) LLC. Authority filed Dept. of State on 12/9/11. Office Series Two. Authority filed with Secy. Dept. of State on 12/12/11. Office filed with Secy. of State of NY (SSNY) with Secy. of State of NY (SSNY) on location: NY County. Princ. bus. of State of NY (SSNY) on 12/15/11. location: NY County. LP formed in DE on 11/18/11. Office location: NY 12/21/11. Office location: NY County. addr.: 2000 Ave. of the Stars, 12th Office location: NY County. LLC on 11/22/11. NY Sec. of State desig- County. LLC formed in Delaware (DE) LLC formed in Delaware (DE) on Fl., Los Angeles, CA 90067. LLC formed in Delaware (DE) on 12/9/11. nated agent of LP upon whom process on 10/31/11. SSNY designated as 08/16/11. Princ. office of LLC: 1600 NE formed in DE on 9/9/11. NY Sec. of SSNY designated as agent of LLC against it may be served and shall agent of LLC upon whom process Miami Gardens Dr., N. Miami Beach, State designated agent of LLC upon upon whom process against it may be mail process to the principal business against it may be served. SSNY shall FL 33179. SSNY designated as agent whom process against it may be served. SSNY shall mail process to: addr.: c/o Angelo, Gordon & Co., L.P., mail process to c/o Corporation of LLC upon whom process against it served and shall mail process to: CT The LLC, 611 Mission St., 4th Fl., San 245 Park Ave., 26th Fl., NY, NY 10167. Service Co. (CSC), 80 State St., may be served. SSNY shall mail Corporation System, 111 8th Ave., Francisco, CA 94105. Address to be DE addr. of LP: c/o The Corporation Albany, NY 12207-2543. DE addr. of process to c/o Corporation Service Co., NY, NY 10011. DE addr. of LLC: c/o maintained in DE: 160 Greentree Dr., Trust Co., 1209 Orange St., Wilmington, LLC: c/o CSC, 2711 Centreville Rd, 80 State St., Albany, NY 12207-2543. The Corporation Trust Co., 1209 Ste. 101, Dover, DE 19904. Arts of DE 19801. Name/addr. of genl. ptr. Ste. 400, Wilmington, DE 19808. Arts. DE addr. of LLC: 2711 Centerville Orange St., Wilmington, DE 19801. Org. filed with the DE Secretary of available from NY Sec. of State. Cert. of Org. filed with Div. of Corps., DE Rd., Ste. 400, Wilmington, DE 19808. Cert. of Form. filed with DE Sec. of State, 401 Federal St., Townsend of LP filed with DE Sec. of State, Secy. of State, John G. Townsend Bldg., Arts. of Org. filed with DE Secy. of State, 401 Federal St., Dover, DE Bldg., Ste. 4, Dover, DE 19901. Townsend Bldg., Dover, DE 19901. 401 Federal St., Ste. 4, Dover, DE State, 401 Federal St., Dover, DE 19901. Purpose: all lawful purposes. Purpose: any lawful activities. Purpose: all lawful purposes. 19901. Purpose: Any lawful activity. 19901. Purpose: Any lawful activity.

20 | Crain’s New York Business | January 2, 2012 20120102-NEWS--0021-NAT-CCI-CN_-- 12/30/2011 1:44 PM Page 1 41% of U.S. workers say their workloads are too heavy BUSINESS LIVES Source: Accountemps

HOT JOBS THERE’S THE RUB: Ben Brown became a masseur after EXECUTIVE growing disillusioned INBOX with his retail career.

VP OF TV ADVERTISING Anne Fisher AND SPONSORSHIP SALES COMPANY BabyFirstTV Starting up JOB DESCRIPTION Provide strategic leadership to the in 54 hours advertising and sponsorship sales department KNOW SOMEONE who has an interesting concept for an online MOST IMPORTANT TASK Develop and direct projects in business, but isn’t sure how to domestic media sales to start turning it into a reality? increase company revenue That was Audrey Tan’s situation last summer, when she CREDENTIALS NEEDED Experience in cable-network ad had a brainstorm that grew out of sales; M.B.A. and experience “my natural obsession with with young-mother brands a dogs,” she said. “I want to create plus a network of New York dog SALARY $120,000+ owners who can pet-sit for each other.” The result: Waggit.com, RECRUITER Internal whose tagline is “A dog park DOWNSIDE Traveling to experience without the park.” company’s headquarters in Los A few weeks ago, she took a Angeles may be required giant step toward that goal. The UPSIDE Affecting babies’ lives nonprofit Kauffman Foundation through educational programs had organized a Startup BabyFirstTV serves 40 million Weekend in New York: a 54- households around the world hour event, sponsored by with fun, educational programs Microsoft BizSpark, Google, for children age 3 and younger. Amazon Web Services and other —HELEN KWONG online behemoths. Since 2007, the nonprofit Startup Weekend has helped more than 30,000 entrepreneurs EXECUTIVE MOVES around the world get their businesses off the ground. Each Keller Williams NYC: event brings together developers, Eric Barron, 42, joined marketers and startup mavens the real estate company (including investors). as chief executive, team

buck ennis “I was skeptical at first about leader. He was previously managing whether you can really director at New York GOTHAM GIGS accomplish much in just one Real Estate Institute. weekend,” said Ryan Flynn, a Life Insurance Council of New York Inc.: graphic designer. He is the Richard S. Dziadzio, 48, was elected founder of Closed Capp, whose chairman. He is senior executive vice first product is a mobile app for president and chief financial officer of AXA Financial Inc. real-time closed captioning. Finding His Bliss Mr. Flynn’s initial doubts soon AccessMBS: Rachel Kovar, 45, founded and is president of the onshore dissolved: Startup Weekend outsourcing solutions provider. She was Despite working for seven years as a massage therapist at trendy introduced him to two fellow previously director of business Brown Bliss 49, Ben Brown still gets nervous before each treatment. ¶ “In a techies who “helped me figure development at Williams Lea. out a workable business model NBCUniversal: way, it’s a performance, so there are always jitters just before you considers and refine the technology,” he Jonathan Gibs, 37, start,” said the 43-year-old New York native, who enrolled in joined the company’s himself a said. He also had several entertainment and massage school after becoming disenchanted with his retail career. ¶ promising conversations with digital networks and performer, “Even though I have a great request rate, I am still concerned that interested investors, he added. integrated media people are going to be happy,” added Mr. Brown, who gives each Intrigued? Co-directors Marc division as senior vice ‘so there Nager, Clint Nelsen and Franck president of digital client his trademark Buddha coin after a visit. Mr. Brown has re- Nouyrigat have written a book, research, a newly created position. He ceived tips as large as $200. ¶ The Williamsburg, Brooklyn, resident, was previously senior vice president, are always Startup Weekend: How to Take a analytics and insight for media and who rides his motorcycle to work, gives massages three days a week. Company From Concept to advertising analytics at Nielsen Co. jitters’ On his days off, he cares for his newborn daughter and puts in hours Creation in 54 Hours, packed Worklight Inc.: Nathan Golan, 49, joined with the essentials of the the mobile technology company as vice at his other job for Bliss—programming the 200-song soundtrack weekend experience. Startup president, sales. He was previously vice for the company’s 22 spas around the world. He sometimes stays up Weekend will hold another New president, North American sales, at Antenna Software. all night searching for the latest hits in rhythm-and-blues and jazz, York event Jan. 20-22. Loews Hotels: Michael Palmeri, making Bliss one of the few spas that does not play New Age music. 31, joined the hotel and resort His wife asks for back rubs all the time, but Mr. Brown—who said WHAT NETWORKING events have company as vice president of acqui- proved most valuable in building sitions and development. He was giving massages is extremely demanding physically—insists that she your business? Tell us at See EXECUTIVE MOVES on Page 22 make an appointment. —miriam kreinin souccar www.crainsnewyork.com/execinbox.

January 2, 2012 | Crain’s New York Business | 21 20120102-NEWS--0022-NAT-CCI-CN_-- 12/30/2011 1:46 PM Page 1

RÉSUMÉ REVIEW A vintage market for wine Is your job search all it could be? We ask the experts. Auction business for S&P 500 has dropped by 25%. ways shrinking as people drink it. NAME FENIL PATEL Don’t forget, a lot of people in Chi- OBJECTIVE oenophiles thrives How much of your firm’s auction busi- na don’t remember ever paying less Find a management and leadership ness comes from overseas? for these wines. It’s the U.S. collec- opportunity in architecture despite recession This used to be a business dominat- tors who associate these wines with ed by the triangle of New York, costing $100, $200 or $300 a bottle. PROFESSIONAL EXPERIENCE London and Paris,but in just the last HOK, Feb. 2008-Sept. 2011 BY AARON ELSTEIN few years it has changed dramatical- So, is a great bottle of wine beyond most Project manager, operations manager, science and technology ly. Two-thirds of our business is people’s means? Responsible for projects in New York, Korea, Vietnam, India, Europe and fter burning out in the done overseas today,and the growth There’s a lot of very good wine avail- Middle East; recovered close to $1 million from past due balances music business, John is most pronounced in Asia, as you’d able at prices people can afford. You RLC Architects, Boca Raton, Fla., Feb. 2006-Dec. 2007 Kapon became a profes- expect. China is where you’ll find don’t have to do much looking to Architectural project manager sional wine maven.Today, the most people who will pay $1,000 find an entry-level wine made by a Second leading position on 10-member team; worked on various large to Aas chief executive of wine retailer or more for a bottle of Bordeaux or producer that’s charging hundreds midsize projects; responsible for budgeting, scheduling, management and auctioneer Acker Merrall & Burgundy. of dollars for some of the other EDUCATION Condit, he has the fortunate job of wines it makes. I like a Burgundy tasting and selling vintages that Do you think those kinds of prices are made by a little producer called Stevens Institute of Technology, M.S., information systems, computer fetch thou- sustainable? Michel Niellon; it’s delicious, and science, May 2000 sands of dol- Absolutely.There’s only so much the price is accessible.[The wines School of Architecture, CEPT, India, diploma in architecture, Sept. 1995 lars per bottle. of something typically start at about $50 a bot- Hi-Tech Computer Academy, India, diploma in computer operating and MOVERS & Thanks in like a vintage tle.] For $25 or $30, you can get programming, Aug. 1995 SHAKERS no small part Château an excellent wine from the Résumé appears in condensed form. to nouveau Mouton Rhône region, like a EXPERT ADVICE riche in Asia Rothschild Châteauneuf-du-Pape. John discovering available, and Fenil’s résumé is a case of too much info on one page. He needs to be the pleasures the supply What’s in your personal wine more selective about content and layout. I would recommend he create Kapon of Romanée is al- rack? two résumés—one with an IT orientation and one with an architecture Conti (that’s I like Grüner-Veltliner from and design focus. This résumé jumps around and is hard to follow. a superpricey Austria, and I really like pinot Sometimes overseas experience and foreign degrees do not translate Burgundy, to you and me), auction noir from California or Oregon. well, so it is important that a job candidate use American equivalents revenues at Mr. Kapon’s You’ll always find those in there. or take courses here to bring skills current and give him a more firm soared to $110 mil- competitive edge. Fenil should focus on his career objective and not try lion last year, about dou- Have sales of merlot recovered to make his résumé be one-size-fits-all. His good experience will stand ble their 2006 level. Ac- since Paul Giamatti blasted the out with a better design. cording to Liv-Ex, a wine in the movie Sideways? —barbara baer, CSP, vice president, architecture, engineering and London marketplace, No, they haven’t. Pinot noir has construction search, LLoyd Staffing the price of fine wine has really grown since, and I think To contact this candidate or to be featured in “Résumé Review,” e-mail us tripled since 2001. Over that’s to the good. It’s a better at [email protected]. the same period, the grape all the way around. Ⅲ

25, joined the creative services firm as of social services. public relations agency as vice president, director of writer/publisher relations. EXECUTIVE MOVES account manager. He was previously a Cleary Gottlieb Steen & Hamilton: Hugh social media. She was previously director White & Case: Eliza McDougall, 37, was senior sales executive at Certpoint C. Conroy Jr., 41, joined the law firm as of social media at Maclaren. promoted to partner in the global Continued from Page 21 Systems Inc. counsel. He was previously a managing Marks Paneth & Shron: Harry banking practice of the law firm. She previously vice president and principal, Tequila Avión: Sam Spencer, 32, joined the director and associate general counsel in Moehringer, 54, was promoted to co- was previously counsel. acquisitions and asset management, at tequila brand as vice president of the bank regulatory office at Citigroup. managing partner at the accounting Jennifer Paradise, 40, was promoted to Abacus Lodging Investors. marketing. He was previously brand Amnesty International USA: Suzanne firm. He was previously partner-in- partner in the general counsel’s office. Acquity Group: Audrey Ling, 38, joined manager at Unilever. Nossel, 42, joined the grassroots activist charge of the real estate group. She was previously counsel. the brand commerce Northern Manhattan organization as executive director. She Gibson Dunn & Crutcher: John Gaffney, Gregory M. Starner, 36, was promoted to and digital marketing Improvement Corp.: Bill was previously deputy assistant secretary 51, joined the law firm as partner. He partner in the global commercial firm as senior vice Fink, 48, joined the of state, Bureau of International was previously senior vice president of litigation practice. He was previously an president. She was community-based Organization Affairs at the U.S. corporate development and general associate. previously a vice nonprofit organization Department of State. counsel at Solyndra Inc. Ernst & Young: Chris Walker, 48, joined president at as assistant executive Noise: Cory Berger, 31, joined the Eagle Television Sales: the provider of assurance, tax, BlackRock. director for external business invention agency as vice Michael Weiss, 35, was transaction and advisory services as Phoenix Partners affairs. He was president of marketing and business promoted to vice associate director in the climate, change Group: John Casey previously director of development. He was previously with president, director of and sustainability services practice. He O’Hara, 28, joined the brokerage firm as development at the Little Sisters of the Berger Shop, which he co-founded. sales. He was was previously executive officer at the chief market technician for the research Assumption Family Health Service. The Trust for Public Land: Jessica Ingram- previously director of Carbon Trust. team. He was previously vice president Maria Lizardo, 44, was promoted to Bellamy, 40, joined the nonprofit land sales. SapientNitro: Gary Nelson, 39, joined the at MF Global. assistant executive director for conservation organization as East Coast Spike Digital integrated marketing and technology Multimedia Plus Inc.: Brian DeShannon, programs. She was previously director associate director of marketing. She was Entertainment: Cedric services firm as creative director. He was previously co-director of the New York Foster, 34, was promoted to vice previously executive creative director at office at Better World Advertising. president and general manager. He was Organic. Travel + Leisure: Venus Ferrer, 39, joined previously senior director, content and McKissack & McKissack: David Kennedy, CORPORATE LADDER the American Express publishing title as programming. 64, joined the design and construction digital ad director. She was previously Jun Group: Marc Podell, 42, joined the firm as director of human resources. He SERVING THE BLIND senior director, strategic alliances at social video platform as vice president of was previously a consultant at Avalon Hachette Filipacchi Media. sales. He was previously vice president Human Resources Consulting. PHILIP P. ROSENTHAL, 58, joined the Jewish Guild for the Blind as chief Creative Time: Laura of sales, Midwest automotive, at YuMe. PwC: Brian Burt, 36, operating officer. In this role, Mr. Rosenthal will be responsible for the Raicovich, 38, joined Jones Day: Kelsey Nix, 50, joined the law joined the assurance, operations of all programs and services at the guild on a the nonprofit as firm as a partner in the intellectual- tax and advisory day-to-day basis. director of global property practice. He was previously a services firm as a tax initiatives. She was partner in the intellectual-property and partner in the transfer He brings 30 years of administrative experience in previously deputy litigation departments at Willkie Farr & pricing practice. He health care to the job. Most recently, he served as vice director at Dia Art Gallagher. was previously a president, ambulatory care, and director, Center for Foundation. Broadcast Music Inc.: partner at KPMG. Comprehensive Care, at North Shore-LIJ Health System. Argo Real Estate: Samantha Cox, 40, was —callie eidler Emanuel Edwards, 47, joined the real promoted to assistant Previously, Mr. Rosenthal was at Lenox Hill Hospital from EXECUTIVE PROMOTIONS 1980 until it joined with North Shore-LIJ in 2009. In estate owner, brokerage and property vice president of January 2009, he became the hospital’s executive management company as director of writer/publisher The fastest way to get an announcement into management. He was previously vice relations at the Crain’s is to submit online. Fill out the form vice president and chief administrative officer. president of customer relations at El-Ad performing-rights at www.crainsnewyork.com/section/ —CALLIE EIDLER U.S. Holdings Inc. organization. She was executive_moves. The Executive Moves column Emanate: Kristen Massaro, 29, joined the previously executive is also available online.

22 | Crain’s New York Business | January 2, 2012 20120102-NEWS--0023-NAT-CCI-CN_-- 12/30/2011 1:56 PM Page 1 chemex / INSATIABLE CRITIC WORKSHOPS Gael Greene THURSDAY, JANUARY 12 flickr.com THE The directorship and Corporate Gover- nance Committee of the Financial Women’s Association and the Yale School of WEEK Management invite you to DIVERSIFYING THE AMERICAN BOARD. The program will Romancing include a workshop and panel discussion AHEAD followed by a networking reception.The event will take place at Deloitte & Touche, 1633 Broadway, from 3 p.m. to JAN. 9-15 6:30 p.m.The cost for the workshop is the kreplach $40 for association members and $80 for nonmembers.There is no fee to attend CONFERENCES AND the panel discussion following the Kutsher’s Tribeca SEMINARS workshop.To register, visit www.fwa.org MONDAY, JANUARY 9 or call (617) 437-2809. Registration is revives ’60s-era Meet one-on-one with a SCORE required by Tuesday, Jan. 10. WHAT HE’S counselor at BROOKLYN PUBLIC LIBRARY. READING Borscht Belt Attendees will have the opportunity to CULTURAL EVENTS Pick get advice on starting a business, writing MONDAY, JANUARY 9 of the grew up in small-town De- a business plan, implementing a Jazz at Lincoln Center and MARK RUSSELL is the director of troit. All I know of the Cats- marketing strategy and more. The event Marsalis Music present A week the Public Theater’s Under the DUO OF DUOS. kills I learned through Dirty will take place at the Business Library, The evening Radar Festival, running Jan. 4 to 280 Cadman Plaza West at Tillary will feature saxophone/piano duo Dancing,though when I fell in 15. He’s so busy that he needs to Street, from 10 a.m. to 2 p.m. To make performances by Branford Marsalis, Joey “change the frame at night.” He love with the Kultur Maven, I an appointment with a counselor, call Calderazzo and Harry Connick Jr. says reading is the best way. Iwished I’d paid more attention to my (718) 623-7000, option 3, or visit Performances will take place at 7 p.m. and He’s working on three titles, grandmother’s potato-pancake tech- MIRACULOUS: Matzo-ball soup www.brooklynpubliclibrary.org. 9:30 p.m. in The Allen Room, 33 W. 60th nique. He would have loved them. St. Tickets are $85. Call (212) 721-6500 or including Michael Ondaatje’s The I couldn’t wait to check out Kut- WEDNESDAY, JANUARY 11 visit www.jalc.org. Cat’s Table. “Ondaatje is a very sher’s Tribeca even though I worried KUTSHER’S Pace University presents SUMMIT ON theatrical writer,” Mr. Russell said. RESILIENCE: SECURING OUR FUTURE that Jeffrey Chodorow might be rid- TUESDAY, JANUARY 10 The Journals of Spalding Gray TRIBECA THROUGH PUBLIC/PRIVATE PARTNERSHIPS. The Joyce Theater presents the return of ing into a wall in partnering with 186 Franklin St. Experts will explore practices for getting PARSONS DANCE. Performances will is also on his night table. He Zach Kutsher to bring back a mem- (212) 431-0606 businesses, governments and commun- feature two world premieres, David presented the late monologuist at ory frozen in time. Sixties Borscht www.kutsherstribeca.com ities back on their feet. Keynote speakers Parsons’ Round My World, which is set to P.S. 122 when he was executive Belt is rarely listed among the top 10 will include Tom Ridge, the first U.S. music by Zoe Keating, and A Stray’s artistic director and misses cuisines. secretary of homeland security, and the Lullaby by guest choreographer Kate having Mr. Gray’s voice in the Our neighbors joined us on a di- U.N.’s Margareta Wahlström.The Skarpetowska. Performances will run community. CUISINE Gentrified Catskills summit will be held at Pace University, 1 rect subway shoot to what used to be through Jan. 22 at The Joyce Theater, New Yorker music writer Alex PRICE RANGE Mains $19-$29 Pace Plaza, Michael Schimmel Center 175 Eighth Ave. Tonight’s performance Drew Nieporent’s Tribakery and Ross’ Listen to This covers then Mai House. He’s Italian, she’s for the Arts, from 9 a.m. to 4 p.m.The begins at 7:30 p.m. For more SERVING Dinner Mon.-Sat. cost to attend ranges from $25 to $150. information and ticket prices, visit everyone from Mozart to Irish, and with Steven, my resident RESERVATIONS Recommended To register and to get more information, www.joyce.org or call (212) 242-0800. Radiohead. Under the Radar will Bronx cowboy, I thought we’d be a visit www.pace.edu/resilience. —suzanne panara present several rock-oriented nicely eclectic crew of tasters even if NOISE LEVEL Noisy shows this year. —VALERIE BLOCK none of us had ever sampled the true To view Crain’s classified events listings, go to terroir of the Catskills. I can’t wait to return. I expected to see nostalgia,maybe I will definitely go back. a few vintage tchotchkes, waiters I’ll let them simmer awhile. dressed in cutoffs and tennis shoes, NO HATS Never again. maybe a Patrick Swayze look-alike swinging Jennifer Grey over his head in the aisles. The pale, neutral tones, marble tabletops,bare blond struts— pastrami,fennel and Emmenthal—a architect Rafael de Cárdenas’s fresh second plump with spinach, mush- take on the 1960s canteen—seem room and fontina. Imagine explain- coolly noncommittal. ing fontina to Grandma! Still, it’s a kick hearing our Afri- I take a bite and pass the remain- York’s business community when state can-American waiter explaining lat- ing unidentifiable mush to Steven. expanding the office’s powers, which kes and touting the borscht salad. Still, these fluff balls of potato and After the city’s bedrock financial sector tanked in

Our first choice: potato latkes. The stuff are superior to the concrete of scrambling for the city’s blessing to build a campus Crain’s

disc is crunchy, but almost lean, not today’s commercial knish once you past Silicon Valley as the world’s leading tech center,

supercrisp and lushly greasy like accept the concept of refinement:like city’s offer of land on Roosevelt Island, Governors It’s enough to make a New Yorker look Grandma’s. But “Mrs. K’s Matzo tossing the kasha varnishkes with Ball Soup” is a miracle of matzo-ball quinoa instead of buckwheat groats engineering:the huge orbs incredibly and crusting the salmon with light, the broth chickeny and sweet crushed falafel.Alas,the potato kugel from essential onion and carrot. is overgentrified.It desperately needs Steven orders pickled herring two a dose of chicken fat. ways.The neighbors give it a fish eye, I might not ever come back on though I assure them the flesh is firm, my own, partly because it’s a trek, pickled with onions and cream, and partly because I’ve already heard the pleasantly tangy with wasabi yuzu punch line.But I’d be happy enough kosho.It’s a challenge to get my team with the wonderfully meaty Ro- to try the tongue, but we all happily manian skirt steak cloaked in pile pastrami and spicy salami with caramelized onions. The meat is mustard on rye from the delicatessen chewy and rare, served with roasted board—first-rate meats, done in- garlic and a stylish wild mushroom house by chef Mark Spangenthal. knish I can ignore. For me, the attempt to sell wild Our quartet ended my second vis- mushroom and fresh ricotta krep- it attacking the tall chunk of seven- lach with walnut pesto and black- layer devil’s food cake. Refreshingly peppered sheep’s milk cheese as if it old-fashioned cake with rich frosting were unsauced ravioli is a failure. to savor, milk-chocolate sauce to Kreplach needs chicken soup. scrape up, and marvelous mocha ice But given a cuisine memorialized cream to fill my mouth and let melt as “death on a plate,”that leaves many on my tongue. other weapons of destruction, like the two small knishes listed under Copyright © 2012 by Gael Greene. “For the Table”—one stuffed with Syndicated by www.insatiable-critic.com.

January 2, 2012 | Crain’s New York Business | 23 Project2:fp template.qxd 12/20/11 1:04 PM Page 1

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