OF ONE Big Policy Wins Have Given Mayor Bill De Blasio a Clear Path to Re-Election

CRAINSNEW YORK BUSINESS

Dealerships hit the auction block P. 7 | Recipe for a pizza meltdown P. 10 | THE LIST: Top accounting rms P. 16

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PARTY OF ONE Big policy wins have given Mayor Bill de Blasio a clear path to re-election. But many New Yorkers just don’t like him, a fact that could hurt him—and the city PAGE 18

VOL. XXXIII, NO. 39 WWW.CRAINSNEWYORK.COM

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P001_CN_20170925.indd 1 9/22/17 6:04 PM Kasirer is a full-service New York lobbying and Kasirer LLC 321 Broadway, 2d Floor government relations firm. We advocate on behalf New York, NY Suri Kasirer of a wide range of clients who seek local expertise 10007 Julie Greenberg in navigating the City. Omar Alvarellos T: 212 285 1800 We advance our clients’ goals—building coalitions and Taína Borrero F: 212 285 1818 consensus and influencing decision-makers in the dynamic Cynthia Dames kasirer.nyc political landscape that defines New York. Jason Goldman [email protected] Ilona Kramer And our team of professionals, whose careers intersect Peter Krokondelas at politics, policy and government, achieve victory Genevieve Michel on behalf of our clients with an unwavering commitment Chelsea Goldinger to the highest standard of ethics in the industry. Jenna Lauter Jonah Allon Jennie Frishtick Samantha Jones Saga Lisslo Fallon Parker Tracy Fletcher Kayann Imari Eleonora Nicaj Malene’ Walters Katie Wilson

CN018365.indd 1 9/19/17 12:56 PM SEPTEMBER 25 - OCTOBER 1, 2017 CRAINSNEW YORK BUSINESS

FROM THE NEWSROOM | GREG DAVID | COLUMNIST IN THIS ISSUE

Backstory on de Blasio 4 AGENDA 5 IN CASE YOU MISSED IT WHEN MY BOOK, Modern New York, was published in 2012, 6 WHO OWNS THE BLOCK it told the then-not-quite-completed story of New York’s re- Indie theaters covery from the economic and scal disaster of the 1970s. 7 AUTOMOTIVE return to Manhattan Five years later the recovery is complete, the city is thriving, 8 ASKED & ANSWERED and Brooklyn and Mayor Bill de Blasio has taken New York in a dramati- 10 FOOD as upscale venues. cally di erent direction than his predecessors. 12 ENTERTAINMENT e editors of Crain’s and I agree that the best way to un- 14 VIEWPOINTS derstand where the city is today is to get to the bottom of de 16 THE LIST Blasio’s rst term. e mayor is cruising to re-election amid very little in-depth coverage of what he has achieved, what FEATURES he has not accomplished and what it means for the city— The best way to 18 THE PARADOXICAL MAYOR an unfortunate consequence of the shrinkage of serious understand where local media coverage. I began my reporting for this week’s cover story with the city is today an email to the 10 or so people I talk to all the time about is to get to the New York City. I asked them to list the ve most import- bottom of the ant areas I should pursue. I was discussing those interviews with a friend a few weeks into the project when she mayor’s rst term looked at me and said, “Are you going to talk to anyone P. 27 who likes him?” Shortly therea er I talked to one of the PETER MALINOWSKI city’s leading tech executives about my story. “A fair account of his rst term is well-needed,” he told me. 27 GOTHAM GIGS I took those comments as my marching orders. I spoke with experts I had not 28 SNAPS consulted before. I interviewed key members of the administration, though my re- 29 FOR THE RECORD quest to speak to the mayor was politely ignored. ( e story o ers a reason why that 30 PHOTO FINISH happened.) I walked Livonia Avenue in East New York, Brooklyn, spent a morning with two neighborhood-coordination police o cers, visited the largest pre-K in Brooklyn and talked to a single mom in Corona, Queens, about whether the mayor had made her life better. A er 35 interviews over four months, the story I settled on covers crime and policing, pre-K, a ordable housing, inequality and the mayor as a politician. I le out some issues that I spent a lot of time reporting, such as homelessness, because they didn’t t the theme and there is a limit to how much anyone wants to read. I hope to write about homelessness soon. I think my columns and blog posts for the next six months will re ect what I have learned. ON THE COVER Tom Robbins, investigative reporter par excellence and my colleague at the PHOTO: GETTY IMAGES CUNY Graduate School of Journalism, told me this kind of in-depth reporting just isn’t done anymore. is story is a small attempt to ll the void in coverage le by the turmoil in the media world. But many more such stories are needed. DIGITAL DISPATCHES Go to CrainsNewYork.com NOMINATIONS ARE OPEN RISING STARS READ Toys R Us’ bank- DO YOU KNOW AN UP-AND- ruptcy has New York COMING NEW YORKER? roots: The company > spent at least $200 CRAIN’S wants to hear from you. million on its Times To submit a nominee, go to Square store. CrainsNewYork.com/40nominate. Because of the high volume of ■ Call it Airbnb for retail. applications, a $199 service fee Thisopenspace looks to will be charged to process and turn empty storefronts into shopping expe- review submissions. riences. DEADLINE IS ■ The Trust for Governors Island issued DEC. 1 an RFP seeking food vendors who want to All nominees must be under 40 open a restaurant during the former military years old as of March 26, 2018. outpost’s six-month public seasons. ATTEND Go to CrainsNewYork.com/ Vol. XXXIII, No. 39, Sept. 25, 2017—Crain’s New York Business (ISSN 8756-789X) is published weekly, except events for the latest opportunities to net- for double issues the weeks of June 26, July 10, July 24, Aug. 7, Aug. 21 and Dec. 19, by Crain Communications Inc., work with New York professionals and learn 685 Third Ave., New York, NY 10017. Periodicals postage paid at New York, NY, and additional mailing of ces. Postmaster: more about issues of importance to you. Send address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Ave., Detroit, MI 48207-2912. For subscriber service: Call 877-824-9379. Fax 313-446-6777. $3.00 a copy, $99.95 one year, $179.95 two years. Coming up on Oct. 5: our 2017 Entertain- (GST No. 13676-0444-RT) ©Entire contents copyright 2017 by Crain Communications Inc. All rights reserved. ment Summit. GETTY IMAGES, BUCK ENNIS

SEPTEMBER 25, 2017 | CRAIN’S NEW YORK BUSINESS | 3

P003_CN_20170925.indd 3 9/22/17 6:03 PM WHAT’S NEW SEPTEMBER 25, 2017

AGENDAThe mayor has a good housing plan. If only he would sell it to New Yorkers

n a largely unnoticed speech last week, Deputy Mayor Alicia Glen brought up something her boss, Mayor Bill de Blasio, rarely men- tions: Construction of market-rate housing has been humming along. The increase in supply, she believes, was having a positive Ieffect. “We’re beginning to see rents level off,” Glen said. When the mayor talks housing, however, his focus is entirely on the number of a ordable units he aims to create or preserve—200,000 over a decade. Contrast that with his State of the City address in early 2015, when he said his administration was pursuing “every kind of housing.” “Increasing the overall supply of housing is critical to serving New York- ers at all income levels—and to assuring we can accommodate the work- BIG UNITS: Large residential projects, such as Tishman Speyer’s in Long Island City, alleviate the housing crunch. by adding supply, yet are blamed for force who will continue to grow our economy,” de Blasio declared that day. making it worse. “So we plan for the construction of 160,000 market-rate units as well.” Today he seems to regard such talk as a political liability. He has let they won’t otherwise happen and developers are being made to subsidize activists fuel the myth that new market-rate units—which they always call them in market-rate projects. e “gentriers” who essentially fund that “luxury condos”—make areas more expensive. e misconception gains are not agents of destruction. Most are middle-class New Yorkers priced currency because people mistake cause for e ect: Development itself does out of neighborhoods themselves. It helps the city when they move a few not cause rents to rise. Developers build be- subway stops rather than ee to the suburbs. cause demand outstrips supply. Increasing De Blasio should counter critics with But if housing is not created for them, they units helps stabilize prices. can only bid up existing properties. e mayor tried to pacify critics earlier the facts. He will upset some folks, By making this case, the mayor would this year by pledging an additional $1.9 bil- but that’s called leadership deter City Council members from pander- lion in subsidies for low-income units, but ing to locals who fear having new neighbors protesters have persisted. De Blasio ought to and would inspire more to join him. at defeat their argument with the facts, which are on his side. He’ll upset is crucial because the council controls zoning and oen exacerbates the some folks, but that’s called leadership. housing crisis by limiting development. During a panel discussion aer What might he say? First, subsidies alone will never end the housing Glen spoke, real estate executive Seth Pinsky put his nger on the prob- crisis. Demand for cheap units is limitless. Even the decrepit public housing lem. “It’s amazing,” he said, “how many council members who claim to be system has a 20-year waiting list. e city is building a ordable units where for a ordability are actually ghting against density.” — THE EDITORS

FINE PRINT A battle between home health care aides and their employers could increase the cost of caring for New Yorkers who are elderly or disabled. Two recent state court decisions favored workers seeking to get paid for every hour of a 24-hour shift. Employers and Medicaid had been paying for 13 hours per shift. But the workers’ victory may be a hollow one: Employers say they don’t have the money to pay them more.

BY GERALD SCHIFMAN STATS

25 WORDS OR LESS PUT TO THE TEST

TWO YEARS AGO a legal ruling forced the city to pare down Bloomberg-era ranks of staffers who had been deemed provisional so they could be hired without taking civil-service tests. Fearing a AND Most jobs plans are brain drain, the de Blasio administration has given more exams but remains out of compliance.

Provisional employees working for the city in T

“ HE CI TY positioning people in 2007, making up 19% of jobs meant for top of ce to take credit 37K scorers on civil-service exams Provisional employees working for the for things that are city as of December 2016—still twice already happening 24K as many as the law allows —Deputy Mayor Alicia Glen. While she Applications received for open competitive civil-service exams from scal 2015 to 2017, said Mayor Bill de Blasio’s plan would 435K a 62% rise from scal 2011 to 2013 create 100,000 jobs that would not otherwise exist, the city is counting Employment applications received annually via the jobs from projects initiated before the city’s jobs portal from 2015 to 2017, nearly ve times the average for 2012 to 2013 program was announced. 1M

ISTOCK, 6SQFT.COM ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY. SOURCES: Crain’s, DCAS, Mayor's Management Report

4 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 25, 2017

P004_CN_20170925.indd 4 9/22/17 6:14 PM AGENDA ICYMI CRAINSNEW YORK BUSINESS Publisher, VP Jill R. Kaplan executive assistant Devin Arroyo, 212.210.0701

EDITORIAL editor Jeremy Smerd Food chains flock to the city, TE QUIERO: managing editor Brendan O’Connor Taco Bell is tripling assistant managing editors Erik Engquist, its city footprint Jeanhee Kim, Robin D. Schatz undeterred by wage hikes despite rent and copy desk chief Telisha Bryan wage increases. art director Carolyn McClain ESPITE THE CITY’S DELUGE OF DELICACIES, some- photographer Buck Ennis times all New Yorkers really want is some greasy senior reporters Joe Anuta, Aaron Elstein, Matthew Flamm, Daniel Geiger ground beef in a crunchy shell slathered with nacho reporters Jonathan LaMantia, Caroline Lewis D cheese and sour cream. data reporter Gerald Schifman web producer Peter D’Amato at may explain why Taco Bell is planning to triple its foot- columnist Greg David print in the city by opening 50 restaurants over the next ve contributors Tom Acitelli, Theresa Agovino, Chick- l-A Will Bredderman, Erik Ipsen, Cara S. Trager years. In addition, said last week it would open its

ADVERTISING third restaurant in the city, at 144 Fulton St. in the Financial www.crainsnewyork.com/advertise District. It will be the chain’s largest U.S. outpost, spanning advertising director Irene Bar-Am, 212.210.0133, [email protected] 12,000 square feet over ve oors, including rooop seating senior account managers and private group-dining space. Lauren Black, Zita Doktor, Rob Pierce, Stuart Smilowitz, Debora Stein Fast-food nation has come to the city in a big way during senior marketing coordinator the past decade. e number of Dunkin’ Donuts here has Charles Fontanilla, 212.210.0145 [email protected] soared by 75% since 2008, to nearly 600, according to the Cen- sales coordinator Devin Arroyo, ter for an Urban Future, while the count of Popeye’s fried-chicken joints has jumped by nearly 60%, to 90. Even 212.210.0701, [email protected] McDonald’s, which has been struggling of late to adapt to changing tastes, has added 30 outlets in the city and now ONLINE general manager has nearly 250. Many more chains are on the way, as restaurant companies with deep pockets look to expand, lured Rosemary Maggiore, 212.210.0237, by a booming economy—a record 4.1 million New Yorkers hold jobs in the city and are presumably looking for [email protected] CUSTOM CONTENT something new on their lunch break. director of custom content “Manhattan is still underserved when it comes to fast-casual dining,” said Gary Occhiogrosso, who helped Patty Oppenheimer, 212.210.0711, introduce Ranch One restaurants to the city 20 years ago and runs consulting rm Franchise Growth Solutions. [email protected] custom project manager Danielle Brody, e expansions of Taco Bell and Chick-l-A come as operating costs rise, fueled by rents and increased wages. [email protected] Last year the state required the city’s fast-food restaurants to pay employees at least $12 per hour, a 14% increase. EVENTS www.crainsnewyork.com/events e minimum wage for fast-food employees will rise to $13.50 Dec. 31 and will reach $15 by the end of next year. director of conferences & events Some chains are holding down labor costs by letting customers enter orders at computer kiosks. — AARON ELSTEIN Courtney Williams, 212.210.0257, [email protected] manager of conferences & events Adrienne Yee, [email protected] Wild-life preservation DATA POINT safari-style tents, horseshoes, a commu- events coordinator Ashlee Schuppius, Mayor Bill de Blasio signed a bill creat- nity kitchen and a camp store. ose [email protected] THE METROPOLITAN MUSEUM OF ing the O ce of Nightlife. e newest wishing to rough it in one of the seven AUDIENCE DEVELOPMENT ART WAS RANKED THE NO. 1 GLOBAL director of audience & content city agency will work with the Night- xed tents can rent them for $115 to partnership development Michael O’Connor, life Advisory Board to help clubs and MUSEUM BY TRIPADVISOR. THE $195 a night through Nov. 6. 212.210.0738, cabarets navigate red tape, respond to [email protected] neighborhood complaints and advise REST OF GOTHAM FARED WORSE: NO Amazon on the Hudson Yards REPRINTS City Hall on emerging trends. RESTAURANT, HOTEL OR LANDMARK Amazon will open a 359,000-square- reprint account executive Lauren Melesio, foot administrative o ce in 5 Manhat- 212.210.0707 Power tower MADE THE TOP 25. tan West, on West 33rd Street, creating PRODUCTION e rst Hudson Yards condo building 2,000 jobs in nance, sales, market- production and pre-press director Simone Pryce to hit the market has listed a penthouse ing and information technology. Gov. media services manager Nicole Spell for $32 million. e four-bedroom unit northern New Jersey. e deal is val- Andrew Cuomo announced the deal,

SUBSCRIPTION CUSTOMER SERVICE at 15 Hudson Yards, an 89-story tower, ued around $1 billion and covers 2.1 which includes a performance-based www.crainsnewyork.com/subscribe is 5,161 square feet and has six bath- million square feet, including space at tax credit of up to $20 million. [email protected] rooms and a private elevator. Buyers Atlantic Terminal and Atlantic Center. – CHRIS KOBIELLA 877.824.9379 (in the U.S. and Canada). will be able to move in late next year. $3.00 a copy for the print edition; or $99.95 Lion’s new den one year, $179.95 two years, for print Gathering moss subscriptions with digital access. e company behind lms such as e to contact the newsroom: Jann Wenner is marking Rolling Stone’s Hunger Games and Twilight partnered www.crainsnewyork.com/staff 50th anniversary by selling his 51% with Parques Reunidos to develop Li- 685 Third Ave., New York, NY 10017-4024 stake in the magazine. Wenner dealt onsgate Entertainment City at 11 Times phone: 212.210.0100; fax: 212.210.0799 49% ownership of the struggling title to Square on West 42nd Street. e com- Entire contents ©copyright 2017 BandLab Technologies last year for an plex will have interactive and “experien- Crain Communications Inc. All rights undisclosed sum. tial” attractions for young people based reserved. ©CityBusiness is a registered on Lionsgate’s lms and TV shows. trademark of MCP Inc., used under license agreement. Tongue-tied taste buds Jets grounded, Giants rise CRAIN COMMUNICATIONS INC According to a study by language- chairman Keith E. Crain learning app Babbel, New Yorkers avoid e Jets are the only NFL team to not vice chairman Mary Kay Crain ordering restaurant dishes that they appreciate in value this year, according Final bell president K.C. Crain fear mispronouncing. Of the 100 serv- to Forbes, remaining at $2.75 billion, senior executive vice president Chris Crain ers surveyed, 44% said patrons mostly ninth-most in the league. e Giants World middleweight champ Jake secretary Lexie Crain Armstrong steered clear of French foods, like mille- gained 6%, below the leaguewide aver- LaMotta died Sept. 19 at age editor-in-chief emeritus Rance Crain 95. The Bronx native punched his chief nancial of cer Robert Recchia feuille. Italian dishes ranked No. 2. age of 8%. At $3.3 billion, Big Blue is the NFL’s third most valuable franchise. way to a record of 83-19, with 30 founder G.D. Crain Jr. [1885-1973] Shopping spree knockouts. His life story inspired chairman Mrs. G.D. Crain Jr. [1911-1996] Madison International Realty is buying Glamping in Rockaway the 1980 biopic Raging Bull, star- out partner Forest City in a portfolio of Camp Rockaway opened in Fort Til- ring Robert De Niro.

12 retail spaces across the city and in den. Amenities include furnished, BELL GETTY IMAGES, TACO

SEPTEMBER 25, 2017 | CRAIN’S NEW YORK BUSINESS | 5

P005_CN_20170925.indd 5 9/22/17 6:39 PM AGENDA WHO OWNS THE BLOCK REAL ESTATE

East Bronx in the spotlight New production studio latest step in lm biz’s northward expansion

BY TOM ACITELLI

1499 BRUCKNER BLVD. ueens-based Y rk Studios is building This car wash has sold the city’s latest TV and lm produc- twice during the past 10 1520 AND 1530 STORY AVE. tion facility. Dubbed the Michelan- years—in 2008 it went Queens-based Nelson Management for $420,000, and in gelo Campus, the $100 million set- and L&M Development Partners April 2016 it traded for Qup in the Soundview section of the started construction on a pair of $2 million. Bronx will feature nine soundstages in two build- 13-story mixed-income towers in February. The buildings, which will ings atop 10 vacant acres on Colgate total 435 units and are within the su- Avenue near the Bronx River. perblock that includes the Lafa yette 1419 BRUCKNER BLVD. e development comes on the Boynton Apartments, are slated to be nished in 2019. heels of the opening last month of fel- This gas station just off the Bruck- low Queens native Silvercup Studios’ ner Expressway has changed hands twice in the past 15 years— $40 million project in Port Morris, just for $596,590 in 2003 and for 2 miles away. $1.86 million in 2015. e York complex, which will include eight loading docks, workshops LAFAYETTE BOYNTON APARTMENTS/ for each soundstage and secure on-site parking, 875 AND 825 BOYNTON AVE. AND 820 AND 880 COLGATE AVE. was touted as a further sign of the city’s entertainment-industry boom. “e television and lm in- Nelson Management bought this four-building, rent-stabilized complex dustry is growing across the ve boroughs, and the in a joint venture between L&M and Bronx is no exception,” Borough President Ruben Citibank. The group paid $51.5 million Diaz Jr. said. for the complex in 2011, spent $17 e city was home to a record 52 primetime million upgrading its 972 apartments and re nanced it in June 2016 with episodic television series during the an $89.5 million loan from Citi. The TV season that ended in May, a 13% in- previous owner, AREA Property Part- 1430 BRUCKNER BLVD. crease from 2015, according to the May- ners, had taken the apartments out of the state’s Mitchell-Lama affordable- or’s Oce of Media and Entertainment. Safe N Lock, a Bronx-based self-storage company, bought housing program but agreed to keep New York also hosted 336 feature-lm this site for $3.8 million in July them rent-stabilized for an additional projects last year, a 40% increase from 2016. Construction of a 2-story, 40 years. 2015. 49,560-square-foot storage facility is estimated to wrap in A lot of this growth has to do with early 2019. the state’s annual $420 million production tax credit, which the state Legisla- ture last year renewed through 2022. e vast majority—91%—of the more

than $6.3 billion of production spending in BRONX ARENA HIGH SCHOOL/ the state in 2015 and 2016 occurred in the 1440 STORY AVE. ve boroughs, according to a report com- The city owns this 2-story, SOUNDVIEW PARK missioned by the Empire State Development 100,391-square-foot building Corp. e industry spawned 48,627 city jobs that houses the Bronx Arena Starting in the 1920s, the city spent dec ades lling in water and marshland during that period. High School. It specializes in “serving overage, under-credited to create this 205-acre park. It remained York Studios is also getting $36 million in students,” according to its partially un nished until 2012, when the conditional tax benets over the next 25 years website. Bloomberg administration designated it from the city’s Industrial Development Agen- as one of eight regional parks slated for redevelopment under the city’s PlaNYC. cy. No surprise, then, that the company cited 801 COLGATE AVE./1410 STORY AVE. Upgrades included $15 million in ame- the boom in business tied to such tax credits as a nities, such as a synthetic-turf soccer Queens-based York Studios purchased prime reason for moving forward with the Sound- eld, a playground, a running track and this 10-acre site for $7.1 million in an amphitheater. view project. ■ 2012. The company broke ground in June on a $100 million movie studio that will eventually include two buildings and 300,000 square feet of production space. Five of the nine stages are expected to be open for business by the end of 2019. GOOGLE MAPS

6 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 25, 2017

P006_CN_20170925.indd 6 9/22/17 6:55 PM AGENDA AUTOMOTIVE

Jaguar, Maserati go on the auction block BNF Partners to sell three bankrupt dealerships, including Bay Ridge Ford BY MATTHEW FLAMM

ew York’s director at Carl Marks Flom did not respond of credit in the spring. A around 30 buyers, who pending manufacturers’ home for Advisors, which is over- to calls seeking comment search for buyers ended were required to sub- approval, according to one of Brit- seeing the restructuring. on the matter. when BNF could not af- mit opening bids by the Eric Snyder, a partner at ain’s signa- “ at would provide a BNF owes JPMorgan ford to keep operating. end of last week. Win- law rm Wilk Auslander, Nture luxury cars will bit of a challenge in any Chase $60 million. e Agran said his rm ning bidders will be who will conduct the change hands this week, i n du s t r y.” bank cut o BNF’s line had been in touch with awarded the properties auction. ■ as the city’s only Jaguar dealership goes on sale to the highest bidder. e auction in Midtown on Sept. 26 will be the nal act in a bankruptcy proceeding that began in July and is intend- ed to pay o debts of at least $60 million. Along with the Jaguar Land Rover Manhattan dealership, at 787 11th Ups and downs Ave., two additional local dealerships will be on the block: Maserati have their place ... of Manhattan, in SoHo, and Bay Ridge Ford, in Brooklyn. just not in your e businesses are owned by BNF Part- ners. On its LinkedIn health plan. page, BNF calls itself “the fastest-growing automotive retailer group” in the metro area, with projected 2016 revenue of more than $600 million, up from $320 million in 2015. e company says it also operates dealerships for Nissan and Inniti that were expected to move into 787 11th Ave.—a 265,000-square-foot location that was under Wall Street’s known for volatility. construction to provide But when it comes to health plans, a “state-of-the-art, unri- valed experience.” you can do without the wild ride. e relationship between Nissan and With our 30-year track record serving New York businesses and our its Manhattan fran- 96% member service satisfaction1 rating, Oxford2 continues to chisees—two compa- bring a steady presence and strong commitment to the New York market. nies controlled by BNF Chief Executive Gary And now, New York employers can ﬁnd savings opportunities on many Flom—broke down last Oxford plans, with some of the most competitive rates in the market year, and the two sides available through our Metro Network products. are currently locked in a nasty court battle. Tell volatility to hit the street — make Oxford the health plan you count on. e ght with Nissan hurt BNF’s business, Flom charged in a law- Visit uhc.com/OxfordStability or call your broker. Ask about our networks: suit earlier this year. e building of the luxury Freedom Liberty Metro showrooms may also have played a role in the bankruptcy. “ e site was being 1 UnitedHealthcare Service Statistics average for New York, New Jersey and Connecticut Oxford plan members from Jan. 1, 2016, through Dec. 31, 2016, based upon United Experience Surveys. Source: Internal Consumer and Customer Call Center Metrics. built out over the last 2 Oxford HMO products are underwritten by Oxford Health Plans (NY), Inc. Oxford insurance products are underwritten by Oxford two years while [the Health Insurance, Inc. Jaguar dealership] was MT-1139927.0 8/17 ©2017 Oxford Health Plans LLC. All rights reserved. 17-4569 NY-17-446 operating,” said Ste- ven Agran, managing

SEPTEMBER 25, 2017 | CRAIN’S NEW YORK BUSINESS | 7

P007_CN_20170925.indd 7 9/22/17 5:52 PM AGENDA ASKED & ANSWERED ENTERTAINMENT INTERVIEW BY ROBERT LEVINE

JUSTIN KALIFOWITZ DOWNTOWN MUSIC PUBLISHING

ustin Kalifowitz owns the songs that make the whole If you look at how world sing. His company, Downtown Music Publishing, the city and the has the rights to more than 100,000 compositions by “ Cy Coleman, John Lennon, One Direction and other cre- state promote Jators, and it essentially collects money whenever they’re the lm business, played. Three years ago Kalifowitz, a Crain’s 40 Under 40 there’s a lot that honoree in 2011, co-founded New York Is Music, a coalition of can be done for rms and organizations that promotes the city’s music business. music

What do you do, and how is it different from a record label? We own or represent the copyrights of song compositions—which are unique from any individual recording. They generate royalties when they’re performed in public, when recordings are purchased or streamed, and when they’re used in lm or television. A typical song will earn revenue from 20,000 sources—radio, restaurants, TV, even lyrics you see online.

So how much money is there in a hit song—just the composition? There can be an initial pop in the mid- to high seven gures over the rst 24 months, and then it stabilizes. How well it does then depends. One song from our catalog that gets requested for licensing endlessly is “Groove Is in the Heart,” by Deee-Lite. DOSSIER

How much does a song like that make every year? WHO HE IS CEO and found- I can’t say. But recently some articles said that Katrina and the er, Downtown Music Publishing Waves’ “Walking on Sunshine” generates a million dollars a year EMPLOYEES 72 in publishing royalties. An entire catalog of copyrights is like an OFFICES SoHo, plus annuity. Some outperform others, but those that people continue Amsterdam, London, Los to record and play will generate revenue forever. Angeles, Nashville and Tokyo AGE 36 Is that why the publishing business wasn’t destroyed by online piracy? GREW UP Port Washington, Unlike the recording industry, publishing has been relatively safe; Long Island the diversity of its income streams protected it. It’s now a very healthy industry, and it has attracted a lot of investment over the RESIDES Fort Greene, Brooklyn past half decade. Investors see it as a stable asset class. EDUCATION Bachelor’s in marketing, Baruch College, CUNY You also sign songwriters the way labels sign bands. What do you look for? LIVERPOOL FOREVER “I can’t Are there people on our creative team who believe in that song- say what our most valuable song is, writer, whether he’s writing for other people or himself? Who’s but the most well-known is probably writing songs with him? And what’s his work ethic? We sometimes ‘Imagine’ by John Lennon, which in July received the National Music Publishers discover writers through existing clients, and we put them through Association Centennial Song Award. their paces and set them up with co-writing sessions. At the same ceremony Yoko Ono was of cially credited as a co-writer.” What was the impetus for co-founding New York Is Music? GROUND CONTROL “There are It was a realization that there was no connection between the catalogs that I wish we managed. I’m industry and the city or the state. New York has one of the big- a big David Bowie fan. The longevity gest music-business sectors in the world, but there’s a lot of talk and the reach of that catalog—not about the growth of the industry in Los Angeles and Nashville. just his recordings, but his songs—is And if you look at how the city and the state promote the lm astounding.”

business, there’s a lot that can be done for music. LAW OF THE LAND Kalifowitz BUCK ENNIS opposes music publishing’s heavy How is that working so far? regulation. Some royalty rates are In June we successfully partnered with the Mayor’s Of ce of Me- set by law, and ASCAP and BMI, dia and Entertainment to launch New York Music Month, including which collect performance royalties, a career-development day for public school students at Spotify are regulated. “In the U.S. 75% of the and 2,000 hours of free rehearsal space citywide at Spaceworks. income from songs is government- regulated.” So what are you listening to now? I’m listening to a diverse range of music, from K-pop [Korean pop music] to French hip-hop. So far songs have only really been mon- etized very effectively in the U.S., Western Europe, Japan, Canada, Australia and New Zealand. The rest of the world is just getting going, so the idea that K-pop is in vogue is really very cool. ■

8 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 25, 2017

P008_CN_20170925.indd 8 9/22/17 5:55 PM TO CREATE THE POPCORN IN HERE, PIPCORN HAD TO GO OUT THERE.

“With the Chase Mobile® app, we could get out of the office and bring our latest idea to life: creating popcorn using the heat of the sun in Death Valley. Not easy when you have a core business to run and expenses to take care of back in New York. Turns out, that’s exactly what the Chase Mobile® app allowed us to do—stay on top of our business finances while on the road. From there, all we had to do was get a desert-ready food truck, grab some solar cookers and create a snack to match the unforgettable place where it was born, Death Valley.” —Jen Martin, co-owner of Pipcorn

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CN018363.indd 1 9/19/17 11:25 AM AGENDA FOOD

How thousands of foodies got burned by a pizza fest It’s easy to rope in customers, but harder to deliver BY CARA EISENPRESS

ew York City Pizza Festival by email but had not responded. Scott organizer Ishmael Osekre Wiener, founder of Scott’s Pizza Tour, was in Bushwick Sept. 9 do- who runs an annual charity event ing the last thing he should called Slice Out Hunger, heard chatter Nhave been doing: ordering pizzas. about the festival and asked a few pizza LINE TO NOWHERE: At Union Pizza Works, he asked for makers if they were involved. “No one Attendees wait for 20 pies. He called for an additional two had heard of it,” he said. pizza that never came. dozen from Park Slope coal- red piz- On Aug. 16 Osekre nally an- za joint Table 87. He said he ordered nounced a location and began releas- dozens of pies from a handful of neigh- ing tickets, even though there were borhood eateries to feed the more than still no con rmed vendors listed on 1,200 foodies who had paid up to $75 the Facebook page. By contrast, the come back for the second batch. where I’m trying to enjoy myself,” the for the event. In the end only a few website for Slice Out Hunger, which is At the festival site, a loading bay for 55-year-old said. “I’m not into sitting dozen pies arrived—not nearly enough being held Oct. 4, lists 65 of the city’s a production rental house, Osekre was around the house.” to go around despite being carved into most-beloved pizzerias as participants. pleading with event-logistics company At the entrance Isaacs was confused kid-size slivers—causing irate consum- Wiener is expecting 1,200 attendees for Hangry Garden to give him more time when he heard some customers saying ers to threaten to sue and triggering an the event, where every slice will go for to pay for the three truckloads of games, they were there for hamburgers rath- investigation by the attorney general. a dollar, and is planning to have 1,400 furniture and bar equipment that had er than pizza. Isaacs stayed just long e New York City Pizza Festival— pies on hand to ensure all are well-fed. been delivered. Hangry co-founder Jer- enough for his wife to eat a veggie and its subsequent meltdown—shows emy Asgari had hounded Osekre for a burger, then the couple drove to China- just how frothy demand for live events Scrambling for pies deposit, which had been paid a day ear- town for dinner. has become, as consumers gravitate to- By early September Osekre had re- lier. ree hours before the event, Os- Within an hour attendees were call- ward spending on experiences rather sorted to phoning Brooklyn pizzerias ekre was saying he couldn’t pay the bill. ing foul on social media, challenging than products. ough event produc- one at a time, cajoling managers to make “He didn’t have anything,” said charges to their credit cards and gath- ers and fans say the majority of festivals exceptions to their delivery radius and Asgari. “He begged us to give him until ering 300 strong in a Facebook group are well-run and reputable, there is also send a couple dozen pies. An employee the next morning.” Asgari turned his called Pizza Festival Scam Victims. A no shortage of notable failures, such as at Table 87 took an order from Osekre’s trucks around. “We weren’t compen- few days later Attorney General Eric 2012’s GoogaMooga food fest in Pros- associate the ursday before the event, sated,” he said. Schneiderman said he was investigating. pect Park, and semiprofessional opera- but on the morning of the festival, four Melissa Frugone, who bought VIP San Francisco-based Eventbrite, which tors, including Osekre, who hype their credit cards the associate gave were de- tickets to the New York City Burger Fes- sold tickets to the festival, announced it events on Facebook and rope in ticket clined. e associate asked the eatery tival, confusingly held at the same time would issue refunds. e Department of vendors such as Eventbrite and Group- to cut the order in half. At that point and location, said she had gone to a Health and Human Services told Crain’s on, which funnel in consumers Osekre stopped answering his phone, great grilled cheese festival a few it never received an application for a without properly vetting the weeks before and was excited permit from Osekre. Temporary Food happenings. to spend an a ernoon eating Service Establishment permits are re- A listing for the pizza festi- sliders, playing games and sip- quired for both sponsors and vendors to val rst appeared last year on ping drinks. “We thought we serve food at pop-up events. Facebook, generating interest were in the wrong place,” she e fact that hundreds were will- despite a lack of pizzerias at- said. When Frugone arrived ing to pay so much before seeing the tached to the event. “I’m such just a er the posted start time, goods is even more surprising consid- a sucker for pizza that I’d show organizers were trying to mar- ering the organizer was behind another up to some random address shal a line of about 100 people. publicized op. In the summer of 2016, if it was put here,” someone It took nearly half an hour Osekre, who runs the blog and events wrote on the event’s page. But before the gates swung open company Afropolitan Insights, host- as skeptics called out the fact at 3:30 p.m., revealing a bleak ed the African Food Festival, which that the date was coming up scene—some tables, a bar was previewed in the media and even without a set location or time, with three kinds of wine and received a small writeup in e N e w it was pushed o to 2017. As one brand of beer, and 20 or York Times. But the party, at the Dug- the reboot approached, more 30 boxes of cold pizza in skin- gal Greenhouse in the Brooklyn Navy than 80,000 Facebook users ny wedges. Yard, disappointed attendees with a had expressed interest, with “ ere were three tables,” paltry selection of vendors, none of the tens of thousands more eager Frugone said. “One was cold advertised cultural classes and a sti- to hear about a burger festival slices of pizza. e next had ing, non-air-conditioned space. Osekre also had in the works. about 20 burger sliders. en Osekre’s ability to draw thousands Planning began in earnest and Table 87 manager Marco Muniz, they ran out.” A table had arepas of pizza fanatics despite a terrible track just a month before the event date— who was gearing up for a hectic Satur- emerging six at a time from a toaster, record ba es other organizers. “We with Osek re, who says his age is “plus day, canceled the order altogether. “It’s she said. “ ere were no fries; no corn- don’t get nearly the attention that this or minus 29,” researching vendors the a 45-minute car ride,” Muniz said. “On hole, no pingpong, nowhere to sit.” event got,” said Wiener, who is prepping same way people choose brunch spots. a busy day we need the car over here.” Frugone departed around 4 p.m., for his ninth Slice Out Hunger. “I’m not “Pizza is easy,” Osekre told Crain’s. “We At Union Pizza Works, which Os- telling some of the 200 to 300 people surprised that a couple people bought went for the highest-rated pizzerias on ekre visited on the morning of the fes- still in line that the festival was a scam. tickets. I’m surprised that a lot did.” the most platforms. Grubhub was one tival, the manager told his guys not to Je rey Isaacs, a nancial professional A er the festival disaster, a venue of the top ones. Yelp was another. We start making pies until he was sure the who makes a point to try a di erent piz- on Fi h Avenue canceled a Sept. 16 were looking for diversity [in] the kind order was real. “He seemed like big talk zeria every Friday night, didn’t get the event organized by Osekre. He was also of toppings and o erings they had. Our when he came,” the manager said of memo. He and his wife drove from New booted from an upcoming Harlem beer strategy was to have fresh pizza come Osekre. “Sometimes when they talk so Brunswick, N.J., for the evening session festival. “It’s fair to say that I’m talented in every 45 minutes.” much, they move less.” Osekre never re- of the pizza festival. He had bought tick- in understanding how to work through Many local pizzerias said they had turned—not at 2:30 p.m., when he said ets online—Groupon o ered a promo- the internet to pitch to people,” Osekre never been contacted by the festival. he would arrive for the rst 10 pies, and tion for $29 passes that included unlim- said. “What we’re realizing here is that

MELISSA FRUGONE, TWITTER/RISSA FORMICA One said it had received an invitation not at 6:30 p.m., when he said he would ited pizza and four beers. “I’m at an age food delivery is a hard process.” ■

10 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 25, 2017

P010_CN_20170925.indd 10 9/22/17 3:30 PM On massive video displays anking the event’s marble bar, guests were American Airlines Closes Out treated to images from both the re- designed American Airlines lounges September’s Fashion Week and Dreamliner planes. Flight attendants were on hand to showcase model Dreamliner planes and oer complimentary upgraded Exclusive Event in Industry City Celebrates the Fashion Industry platinum status to the attendees, who were invited to sign up for a year’s worth of platinum perks, in- merican Airlines, which fashion is both the heartbeat oversized knits; structured shifts; cluding increased baggage allowances in partnership with of New York City and essential slim pants and sweeping gowns and additional mileage rewards, all Crain’s Custom, element in its thriving economic rendered in rich jewel tones and of which were normally only avail- A business development. soft, uid fabrics. e collection closed out New York Fashion able to the airline’s most well-heeled was produced under Lafayette 148’s travelers. Week on Sept. 13 with “Fly- Jim Carter, American Airlines vice creative director, Emily Smith, who ing in Style,” a networking president Eastern Sales Division, came out and took a bow at the end e room decor also included a spot- cocktail reception and fash- explained why American decided to of the show. light on fashion: three mannequins ion show hosted at Industry venture into the fashion world. “ is displayed designs from the Lafayette City in Brooklyn. e Sunset is an important and growing segment e evening went on to pair style 148 New York 2017 fall collection, Park location was a nod of our business – not just fashion but with substance, business with and there was a curated showcase of to Brooklyn’s burgeoning the ecosystem which supports it,” fashion and Brooklyn-cool with one-of-a-kind geometrically-inspired fashion scene and an unof- said Carter. “We’ve invested resources international savoir faire. American accessories designed by Fashion and created programs and prod- transformed the loft space for the oc- Institute of Technology students. As cial welcome to Lafayette ucts similarly in other verticals and casion to echo some of the expansive 148 New York, the renowned DJ Jasper Stapelton’s eclectic, beachy tonight, we’re here to learn and listen design elements featured in its new Balearic disco sounds lled the air, fashion brand that’s moving about fashion’s challenges and where Flagship Lounges, currently open in attendees sampled appetizers such as its corporate headquarters to American can be a bigger part of this Chicago’s O’Hare and New York’s portabello-mushroom cannolis, cho- Brooklyn in 2018. fascinating industry.” JFK airports. e lounges, which rizo sliders and Maryland crab cakes feature chef-inspired served by wait sta accessorized in “Brooklyn has recently become both Carter opened the This is an import- meals, premium American’s signature ight attendant an incubator for business and a fashion presentation ant and growing wines, specialty scarves and neckwear; completed touchstone for innovation and with brief remarks segment of our cocktail bars and with a set of wings. Guests also creativity.” said Crain’s NY Business and then 16 models shower suites, are business–not just Models showcased the Lafayette enjoyed American’s signature drinks publisher Jill Kaplan, who intro- showcased the Lafay- fashion but the open for qualifying 148 New York Fall collection. including prosecco-based “First Class duced the fashion show to the more ette 148 New York ecosystem which passengers daily from Fizz” and “Runway Fuel,” a rum and 2017 fall collection “ than 130 attendees working in fash- supports it 4:15 a.m. to 1 a.m. ginger-based concoction, served with on a custom-built and will come to air- American Airline’s newest planes: the ion, retail, technology, entertainment JIM CARTER AA souvenir airplane stirrers. Boeing 787 widebody Dreamliners. and media. “It’s no coincidence u-shaped runway. Vice President ports in Los Angeles Eastern Sales Division ese planes, which were especially that we’re celebrating fashion here Each elegant, timeless and Miami later in Partygoers lingered into the late American Airlines designed to make long hall trips tonight in one of New York’s hottest piece came in a range 2017, with Dallas/ summer evening as the event wound more comfortable, feature a special young neighborhoods and today’s of fall colors, from Fort Worth, London down, nibbling on bite-sized s’mores ventilation system which brings go-to borough,” said Kaplan. She soft bisque and oatmeal to ruby, Heathrow and Philadelphia getting and hibiscus tartlets, and making increased humidity to the cabin, as added that the abundance of space ochre and forest green, with pops of their own Flagship Lounges in 2018. the kinds of connections that will well as a new Premium Economy and opportunities available in Indus- shine from subtle metallic accents help usher in new opportunities for class of seating, which is an entirely try City made it the perfect place to and swathes of leather. Key looks e event space’s steel bookshelves business in Brooklyn. showcase and reinforce the ways in from the collection included cozy, were accented with replicas of new luxury product in the industry.

Jill Kaplan, Crain’s New York Business; Dimaura Cole, American Airlines; Emily Smith, Lafayette 148 New York; Jim Carter, American Airlines and Edgardo Lopez-Laboy, American Airlines, joined the models on stage after the ﬁnale

An Advertising Supplement to Crain’s New York Business

Ask_The_Expert_AA2.indd 1 9/21/17 12:50 PM AGENDA ENTERTAINMENT

Boom in indie films fuels rise of art-house theaters Meanwhile, big-budget Hollywood lms falter at the box of ce BY MIRIAM KREININ SOUCCAR

hen Film Forum, the Film Forum is just one of a num- nonpro t art-house cin- ber of independent cinemas that have ema in SoHo, opened recently been built or are expanding in its doors nearly 50 the ve boroughs. Backers of these en- yearsW ago, it had just one 16-millimeter terprises believe there is a large demo- lm projector and an annual budget of graphic of sophisticated and well-heeled SLEEK FOR GEEKS: Independent $19,000. Cinephiles looking to catch lm lovers who still want to go out to theaters are going upscale to capture sophisticated lmgoers. independent and repertory lms had to the movies, provided the experience is sit on uncomfortable folding chairs in worthwhile. Amenities abound. a musty room. Film Forum eventually “If people can see something better moved to a three-screen complex, but on Netix, they will take that option,” the seats remained said Karen Cooper, the small, and rickety theater’s longtime director. earned $44 million, enough to crack pansion will be completed next sum- and the oors were We have to be “We have to be that much the Top 50 in total domestic box-oce mer, and the IFC Center in the West oen sticky. much more savvy more savvy about what we earnings, according to boxocemojo Village is seeking city approval to add In the coming “ show and how we show it.” .com. Last year’s top-grossing indie, Hell six more screens. months, visitors to about what we at attention to detail or High Water, made $27 million. the storied mov- show and how we may be paying o. While With more independent lms than Popcorn and beyond ie house on West Hollywood had its worst ever, thanks to ever-cheaper lm making Landmark eatres’ sprawling eight- Houston Street, show it summer in 20 years, tak- technology and new producers such as screen complex on West 57th Street, which is in the ing in an estimated $3.8 Amazon and Netix, there is growing between 11th and 12th avenues, opened midst of a $5 mil- billion at the box oce, a demand for art-house theaters. in September to show independent, lion renovation, will be treated to plush more than 14% drop from 2016, there “It’s hard for independent distribu- foreign-language and documentary stadium seating with extra legroom, a are signs that the independent lm mar- tors to nd screens in New York,” said lms in rooms with stadium seating sleek new lobby ringed with digital dis- ket is booming. Charles Cohen, the real estate developer and leather recliners. e trendy con- play monitors for movie trailers and re- So far this year the top-grossing in- turned lm producer who also owns the cessions include artisanal treats such as views, and a fourth screen. dependent lm, 47 Meters Down, has Quad Cinema on West 13th Street. “We Melt ice cream sandwiches and Sweet & are providing a much-needed outlet for Sara vegan s’mores. distributors and their lms.” Alexander Olch, a lmmaker and And he’s not alone. In the past year, fashion designer who opened the Me- newcomers to the indie scene include trograph with a Michelin-reviewed grassicpas.com e Landmark at 57 West on the Far restaurant, lm-focused bookstore and West Side (though Landmark eatres candy shop, said he has beaten his rev- is closing its smaller Sunshine Cinema enue expectations and is in talks with on the Lower East Side in part because investors who want to reproduce his BE YOUR it failed to be approved for a liquor li- concept in other cities. He declined to cense), and the Metrograph on the say how much he spent on his rst site Lower East Side. Even the Alamo Dra- or to name his private investors. So far BUSINESS BEST. house Cinema in Downtown Brooklyn around 10,000 people see lms there devotes the majority of its seven the- each month, all curated by Jake Perlin, aters to indie lms. a former programmer at the Brooklyn Coming soon: Williamsburg’s Nite- Academy of Music and the Film Society At Grassi & Co., we are much hawk Cinema, which, like Alamo Dra- of Lincoln Center. more than just your accounting house, has in-theater dining, bar service “e goal is to have the best cinema- firm: we are specialists specifically and programs a mix of indie, repertory watching experience, the best din- trained in a diverse range of and rst-run Hollywood lms, is restor- ing experience and the candy store, industries to help your business ing the Pavilion eater in Park Slope. which has become an Instagram des- succeed. Our client-centered Existing venues have renovated tination,” Olch said. “I wanted to cre- approach towards positive or are trying to. e Quad Cinema— ate an environment that has so many business improvements will which was the city’s rst multiplex in dierent things to keep you excited help you reach the next level 1972—reopened in April aer a luxe and in the building, that it creates its of success. Grassi & Co. two-year renovation. Film Forum’s ex- own world.” ■ We are the company you keep. NEW AND UPCOMING THEATERS

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12 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 25, 2017

P012_CN_20170925.indd 12 9/22/17 4:25 PM hospital systems and health plans clash over rates during tense contract negotiations. e Create model embraces collaboration instead of the traditional ght. Schindelman said the results were “fantastic.”

“Hospitals actually gave us the best pricing and the lowest cost structure that they’ve given anyone,” he said.

Under the Create model, he added, “health systems compete for the patient. So costs for a Labor fund go down on day one because of the technology and service platform we’ve built.”

“ere’s an enhanced health care experience and better rates,” said Schindelman. “at preserves health care benets for working people, lowers costs, improves quality, and reduces complexity.

To further support the quality improvement initiative under the Create Mario Cilento, Simeon Schindelman and Michael Tufo at MagnaCare’s Labor Appreciation Lunch and Learn. model, a new technology platform is available. e new platform seeks to enhance the customer experience with advanced self-service features, including a soon-to-be launched mobile app with speech recognition technology. At MagnaCare, Create is being o ered alongside BHPS existing benets products, making it a no-risk option for Labor funds that wish to give their union members access to both models, said Schindelman. at strategy aligns the interests of MagnaCare’s Labor partners with health the future is now care products and services that transform how health care is accessed and delivered. t is a tumultuous time in health care, both in Washington, D.C. and among Labor “Labor is at the heart of our organization, driving everything we do as a company,” said Igroups that are acutely sensitive to the cost of care for their union members. Michael Tufo, senior vice president of account management at BHPS. “Our main job is maintaining quality health benets for working people. ose benets are more critical Union health plans face the same challenges as the broader health insurance market. Costs than anything to us. It’s not just our job, it’s our passion.” are rising, especially for drug prices, but plan administrators also want to provide a ordable access to high-quality care. Maintaining that delicate balance is dicult. Surrounded at the event by the BHPS team, CEO Schindelman emphasized that Labor clients were the company’s partners in that mission. He shared his contact “It’s time to get past the rhetoric about health policy and address issues important to Labor information with everyone in the room, as well as the details for BHPS C-suite mem- and health benets,” said Mario Cilento, president of the New York State AFL-CIO. bers Robert Cetti, President of Network; Brian Murray, Chief Operating Ocer; and Cilento, who has a long history with MagnaCare stated, “Health care is a top issue for our Dr. A. Bartley Bryt, Chief Medical Ocer, among others. members and I am happy to see what MagnaCare has become and its support for Labor.” “We want to hear from you,” Schindelman told the audience. “We’re here to help. Mr. Cilento was the keynote speaker at an event, the Labor Appreciation Lunch and You can feel our commitment to the Labor community in the actions we are taking. Learn produced and sponsored by MagnaCare, that focused on the future of Labor is isn’t just talk. We are taking Labor into the future.” benets. For some 25 years, MagnaCare has provided health care solutions for Labor unions and Taft-Hartley funds, as well as self-insured companies, commercial insurers, third party administra- “ Cost, quality, complexity, and pressure on health tors and workers’ compensation and no-fault insurers. care beneﬁts are affecting the future of healthcare for is month, the Manhattan health plan management working people.” — Simeon Schindelman, CEO, Brighton Health Plan Solutions company debuted a health care option that it says will reduce costs and increase quality of care in the New York area. e new model, To execute that strategy, the BHPS team makes a practice of spending extra time Create, was introduced to Labor representatives at the Sept. 14 event, held at the out in the eld with its clients, which collectively provides health benets to over Rainbow Room at Rockefeller Plaza. 700,000 people. e result is better communication.

ere is a long history between Labor and MagnaCare, a close relationship that both “I need to understand our clients’ needs and if the solutions we put in place are led the company to sponsor the event and to educate Labor leaders about current working. If they aren’t, we pivot,” said Murray, BHPS’ COO. He routinely listens in shifts in the health benets landscape. on members’ customer service calls to hear rsthand about client concerns. “And then we can interface with vendors to get information on the spot.” “Cost, quality, complexity and pressure on health care benets are a ecting the future of health care for working people,” said Simeon Schindelman, chief executive of Brighton As soon as high-cost claims enter the system, the MagnaCare team investigates “so costs Health Plan Solutions (BHPS), the parent company of MagnaCare. don’t hit your pocketbook,” said Schindelman. “Sometimes it’s Dr. Bryt, our chief medical ocer, who personally makes these calls on behalf of your benet funds.” BHPS’ team sought a solution to those pressures, guided by the company’s mission to deliver access to quality health care at lower cost. e company calls its new model, Bryt said his team employs utilization data to assist with specic cases. In one recent exam- Create, the rst marketplace of health care systems in the New York area. It is tar- ple, he helped a rheumatoid arthritis patient switch infusion providers, saving her a 45-min- geted at both the Labor and commercially insured markets. e model lets members ute drive each way, and her union fund $160,000 in annual costs for the ongoing treatment. shop for and compare health systems. e rst three health networks to participate in Create are the Mount Sinai Health System, the Long Island Health Network “We’re not issuing denials,” said Bryt. “We are saving the fund money and giving the and New Jersey’s Englewood Hospital and Medical Center. BHPS indicated it is in patient a better experience.” advanced talks with at least ve other systems. Communication and a close working relationship between the union and MagnaCare “When I talk about Create, I like to say the future is now,” said Schindelman. are key, said Bryt. “It’s our solution that addresses cost, quality, complexity, and pressure on health care benets, and it is available now.” “e best way for us to work together is for you to call me” he said. “Taft-Hartley funds are more responsible for providing quality, a ordable benets than anyone. e new model injects an element of competition into health network options. Typically, And we are here to help.”

ADVERTISING SUPPLEMENT TO CRAIN’S NEW YORK BUSINESS

MAGNA COMP MECH.indd 1 9/21/17 6:18 PM AGENDA

When activists exploit tenants, we all lose Self-promoting groups are pushing renters to shame good landlords BY ANTHONY SUBRAJ

irtually all of the discussion Unfortunately nonprots funded and accused our company of intimi- groups call in violations day aer day. around a ordable housing by taxpayers—oen through millions dating undocumented immigrants by Also, completed emergency repairs in New York City has a sim- of dollars in “member items” from city seeking this required information. is must be veried through multiple visits ple narrative: Tenants are the and state lawmakers—exploit the po- led to the spread of disinformation by city inspectors. So obstructionism victimsV of greedy landlords trying to litical environment for their own ends. based on a complete misrepresentation inates violation counts, helping the push them out and jack up rents. is To justify their government grants and of what was requested and why. advocacy groups by making the situ- story is repeated constantly in the me- full-time sta s, these agitators produce In another case, four of these groups ation look worse than it is. ey can dia, and public ocials shape policy media-ready theatrics that ultimately spent three days in our buildings trying then slap the “worst landlord” label on accordingly. work against tenants’ interests. to rouse tenants for an anti-landlord an owner, further justifying their own Whether through the re- In an ideal world, tenant rally. e result? One tenant released a existence and need for funding while cent law providing publicly organizations would partner statement that he was “going through allowing elected ocials to score polit- funded lawyers for tenants with building owners to foster hell” but described no specic com- ical points and favorable headlines. in Housing Court, the e ort new investment. Instead, they plaint while revealing he had been liv- e best way to create a ordable to extend rent regulation to stage political stunts while ing in his apartment for 25 years. at’s housing is to invest in new and exist- homeless New Yorkers housed watching the public funding a lot of lease renewals to stay in hell. ing stock. For us, that oen means pur- at the city’s expense, vague- pour in. Because rent can be raised when a chasing neglected properties and x- ly dened “anti-harassment” Recently one such group unit becomes vacant or a building re- ing them up. is is a key component measures, the shaming of made allegations against Zara ceives major capital improvements, the of preserving rent-regulated housing. building owners with “worst Realty, based in Jamaica, agitator groups portray needed renova- Unfortunately when the repairs are landlord” lists or the taxpay- ANTHONY Queens. Our company, which tions and repairs as attempts to force not made, you are labeled a slumlord. er dollars doled out to tenant SUBRAJ is operated by the same immi- out tenants. Routine lease renewals are When they are made, you are accused advocacy groups, New Yorkers grant family from Guyana that spun as bids to trap tenants into unfair of pushing gentrication. are being forced to spend a lot of mon- founded it in 1982, was accused of dis- increases, encouraging unnecessary lit- Dividing tenants and landlords, en- ey fueling this adversarial dynamic. criminating against fellow immigrants. igation. Oen tenants are falsely told abling tenants who do not pay rent and To be sure, tenants deserve legal Like all responsible landlords, we that by joining with advocates, they tying up the courts with frivolous law- protections. New York is expensive, require that tenants’ security deposits will get their rent reduced. Again, this suits do not create a ordable housing. ■ and rent regulations are crucial. How- be placed in an interest-bearing bank channels resources into legal fees rather ever, many landlords invest consider- account in their name. Federal banking than a ordable housing. Anthony Subraj is a principal at Zara able amounts of money to create and rules require a tax ID number to open In many cases tenants are advised Realty, a Queens-based management maintain a ordable housing. Shouldn’t an account. But the tenant organizer not to allow necessary repairs in their company with more than 2.6 million government work positively to ensure teamed up with a single tenant with a own apartments! When they deny ac- square feet of residential property in an ample supply of it? history of ling discredited complaints cess for maintenance or repairs, the Jamaica and surrounding communities.

An overlooked way HOW INFILL WORKS to build more housing Middle-income complexes have ample underutilized space BY MATTHIAS ALTWICKER, NICHOLAS DAGEN BLOOM AND ADAM TANAKA

he New York City Housing South’s northern half alone, shown at Authority has launched a pro- right, has more than 1 million square gram to densify its tower-in- feet of available oor area. the-park developments with a Like public housing, many of these Tmix of a ordable and market-rate hous- projects exhibit the shortcomings of ing. So why aren’t we doing so at similar midcentury urban design: isolation middle-income complexes across the from the street grid, generous surface city? While public-housing residents are parking, meandering pathways and Densifying the city’s middle-income Toronto, where the city has coordinat- trading some light and air (and parking oversize trash areas and storage sites. developments is no mean feat. Residents ed densication e orts. In New York, spaces) for the public good and funding If appropriately designed, higher res- are sure to be wary of overcrowding, the however, the model is largely untested. for repairs, no comparable demands idential densities need not preclude loss of green spaces and the nuisance of E orts to date, whether at Manhattan’s have been made of their middle-income improved quality of life for residents. construction. ey must play a role in Park West Village (successful) or Brook- counterparts, who also benet from re- Single-story retail facilities that ll the shaping the future of neighboring par- lyn’s Pineapple Walk (less so), have fo- duced real estate taxes, low-cost loans edges of many of these sites also provide cels. Many projects are also governed cused on market-rate properties where and other subsidies. opportunities for new development. by building-envelope constraints and the city has little leverage. Given the New York’s subsidized tower-in- Outdated urban design aside, the open-space ratios that will require zon- urgency of the city’s housing needs, it is the-park housing contains a largely economics are compelling. Ground- ing amendments to allow inll, even if time to bring these midcentury towers untapped reservoir of underutilized lease payments from new buildings oor area is available. Most challeng- out of the parking lot and into the city. ■ land and development rights. ese could generate much-needed revenue ing is the private ownership of publicly middle-income projects, mostly - for existing residents, many of whom aided middle-income properties, both Matthias Altwicker is an associate nanced by city and state programs from are seniors, to make renovations with- rental and cooperative. e city will professor of architecture and Nicholas the 1950s through the 1970s, include out increasing debt and maintenance have to use carrots and sticks to incen- Dagen Bloom is an associate professor some of the city’s largest housing de- costs. For properties considering opting tivize new development on private land. at the New York Institute of Technology. velopments: Co-op City in the Bronx, out of a ordability restrictions, develop- Precedent exists for successful inll Adam Tanaka is a Ph.D. candidate in Stuyvesant Town on the Lower East ment might forestall privatization and a development on privately owned tower- urban planning at the Harvard

ADAM TANAKA Side and Penn South in Chelsea. Penn permanent loss of these a ordable units. in-the-park communities, notably in Graduate School of Design.

14 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 25, 2017

P014_CN_20170925.indd 14 9/22/17 2:17 PM VIEWPOINTS

FROM OUR READERS What killed Diller’s Pier 55 project

WHILE WE APPRECIATE lic trust or transparency eliminated 280 square THE EDITORIAL MISSES the land. Rather than being intense by human-caused Crain’s support, “ e was founded in any law feet of concrete pile ll lesson of Pier 55: Com- discouraged by the Pier climate change (“Time demise of Diller’s Pier or regulation. And their last spring. ply with the law from 55 case, the Whitney to build power plants in 55 marks a new low only attempt to establish So what’s perhaps the beginning and you intends to conduct its the city,” Opinion, Crains for New York” (Agen- environmental harm saddest is that this ght won’t get into trouble. In campaign openly, invite NewYork.com). da, Sept. 18) included relied on a wetlands was lost not because this case a federal court public involvement and Besides the methane- a misguided rationale expert—the area pro- of any legitimate legal ruled, two years into the meet legal requirements. emission-heavy process for the project’s failure: posed for the project is opposition or sound litigation, that the Army If the Whitney can of fracking, there’s the that a skillful legal eort not a wetland—who was advocacy but simply Corps of Engineers per- get the message, why problem of bringing the helped the plaintis win. promptly discredited by because of concealed, mit was invalid because wouldn’t other entrepre- gas into the city. Pipelines Opponents were suc- the trust and never heard well-funded delay the trust misrepresented neurs and big donors? are notoriously unsafe, cessful in their repeated from again. Over the tactics. And it’s because that the water area of MICHAEL GRUEN and New Yorkers will attempts to delay the course of the legal battle, of those tactics that a the park is not a “special President resist new ones. project, but their case they were unable to enlist public park grounded in aquatic site” requiring The City Club of New York Gov. Andrew Cuomo was, at best, imsy. And an environmental group the law, supported wide- corps review under a Note: Gruen’s organiza- and Mayor Bill de Blasio while they profess to have to join their cause or le ly in the community and strong presumption that tion was a plainti in the should continue to sup- sued because of a lack supporting briefs or a- that millions would have it would not pass Clean lawsuit to which he refers. port o shore wind and of transparency and en- davits. ey were solitary enjoyed is now dead. Water Act muster. other renewables, which, vironmental harm, they complainants. at is the legacy of this Crain’s has report- GAS PLAN IS HOT AIR besides providing clean proved neither and lost In the end they scored project’s opposition. ed that the Whitney It’s odd to call for energy, will drive job at every level of the state just one legal win: a tech- MADELYN WILS Museum wants to install fracked-gas plants in growth. court system. Not one nical point that lost all President and CEO a large sculpture in the wake of devastating KATRINKA MOORE claim related to the pub- relevance once the trust Hudson River Park Trust Hudson River park- hurricanes made more Manhattan

CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send op-eds of 500 words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number. Crain’s reserves the right to edit submissions for clarity.

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P016_CN_20170925.indd 17 9/22/17 1:51 PM POLITICS | THE MAYOR’S PARADOX HELPING HAND: Joseph, with her son, Denzel, and her daughter, Grace, has bene ted tremendously from de Blasio’s policies.

A TALE OF TWO

DE BLASIOS hen Loise Joseph moved back to take its workforce to record levels, all of which may New York in 2013, she landed a not be sustainable. How the mayor’s success customer-service job at LaGuar- De Blasio also has stumbled on tactics, proved dia Airport that paid $9 an hour. an easy mark for his rivals and been dragged down alienated his allies and In large part because of Mayor by a needless war with the media. His popularity could derail a second term BillW de Blasio’s campaign crusade to raise the min- has su ered, he has failed to expand his political imum wage, she is now making $11 an hour and in base, and he has alienated allies in Albany and else- two years will be making $15, an increase of two- where. As a result he has failed in many of his more BY GREG DAVID thirds. Because of his relentless advocacy for paid venturesome plans and has not gotten credit for sick days, she didn’t miss a paycheck when she de- what he has done. veloped pneumonia last winter and stayed home. Aer a commanding primary victory and with Earlier this a weak Republican month she dropped “WHY WOULD THE MAYOR challenger, De Bla- o her 4-year-old sio is poised to be daughter for her OF THE CITY ENGAGE IN A the city’s mayor for rst day of pre- the next four years. kindergarten at a FIGHT WITH THE GOVERNOR, is is the story of program right next WHO HOLDS ALL THE his rst term and to the school her what New Yorkers 10-year-old son at- STRUCTURAL POWER?” can expect from a tends. e experts second. His success say her daughter will depend on the will get a crucial education boost and Joseph will economy continuing to throw o the tax revenue save at least $150 a week in child care costs. his mission requires, the city avoiding an unexpect- “ey say single mothers are heroes,” she said, ed crisis and the mayor himself remaining interest- “but we need all the help we can get.” ed in running the city rather than plotting a cam- e mayor is cruising to re-election because paign for higher oce, like president. he has delivered on his 2013 campaign promise to make the lives of people like Joseph and her fam- The mayor’s inheritance ily better by attacking inequality, establishing uni- When de Blasio took the oath of oce in Janu- versal pre-K and overhauling the confrontational ary 2014, the city was radically di erent from the strategies of the New York Police Department. He one his predecessors inherited. In 1978 Ed Koch has done so while driving down crime and achiev- became mayor of a nearly bankrupt city aer a ing modest improvements in the public schools. His decadelong downturn that had eliminated 600,000 a ordable-housing program, the most ambitious jobs and turned control of the budget over to an ever tried in the country, is ahead of schedule and oversight board. Half of New Yorkers were pining could benet as many as half a million New Yorkers. to move elsewhere. In 1990 David Dinkins was told Yet parts of the mayor’s housing plan that could he would soon be sorry he had won. A downturn restrain rents for the other 8 million New Yorkers had eliminated another 300,000 jobs, the city was are in serious jeopardy. And the cost of his agenda in a scal crisis, and crime was rampant, with 2,200 has been to expand city government’s mission dra- murders his rst year in oce. Rudy Giuliani re-

AP IMAGE, KARJEAN LEVINE AP IMAGE, KARJEAN LEVINE matically, to increase its budget substantially and to ceived a $2 billion decit and the same crime wave,

18 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 25, 2017

P018_CN_20170925.indd 18 9/22/17 3:05 PM while Michael Bloomberg faced the a ermath of the Sept. 11 attacks, with the budget gap soaring to nearly $5 billion and observers predicting that the city’s central role in the national economy would erode in an era of terrorism. De Blasio, by contrast, had budget coers over- owing with a $3 billion surplus. Murders had fallen below 350, the fewest in decades. e economic recovery from the nancial crisis had been so strong that the city had just passed the 4 million mark for jobs, breaking a record set in 1969. His biggest problem was that the unions had been working without contracts for years and were very unhappy. He had the money to deal with the issue. From Koch to Bloomberg, New York’s mayors saw their task as nothing less than saving the city from a succession of crises and maybe creating the conditions under which New York’s inherent ad- vantages—the creativity and drive of its inhabitants, its transit infrastructure and its access to capital— might allow it to thrive. ey succeeded so spectacularly that de Blasio could give himself a completely dierent challenge: making the city fair. “I want to repair an inequality of opportunity that threatens to unravel the proud promise of New York,” he said in a postelection speech, setting the standard by which he should be judged. WOMAN OF INFLUENCE In doing that he upended the local governing We congratulate Mary Ann Tighe on being named equation. Koch, Giuliani and Bloomberg were the one of Crain’s Most Powerful Women. We continue mayors of those with decent-paying jobs and of the to be inspired by leaders like Mary Ann who shape city’s business community. ose constituents are our great City. primarily white, and many are angry that the mayor is no longer theirs. “e city’s businesspeople are alienated by [de Blasio’s] rhetoric,” said Kathryn Wylde, president of the Partnership for New York City, which represents the largest companies. Instead, de Blasio is the mayor of those who feel le out, who believe their lives have not improved despite the city’s prosperity. ey are primarily minorities, CONTINUED ON PAGE 20

SEPTEMBER 25, 2017 | CRAIN’S NEW YORK BUSINESS | 19

P018_CN_20170925.indd 19 9/22/17 3:20 PM POLITICS | THE MAYOR’S PARADOX

MEDIOCRE POLL NUMBERS she increased the number to seven. In February the The mayor is cruising to re-election, but that doesn’t mean he is beloved. Approve Disapprove mayor asked her to add two more and made sure 60% she got whatever she needed. Today the pre-K at Bishop Ford is teeming with 443 4-year-olds in 25 classrooms, and that’s only half the number that applied for this school year. 50% ey are assigned 18 to a classroom, with a teacher and an aide, and their development is enhanced by art, music and library teachers, all of whom have 40% their own rooms. e furniture is new and carefully thought-out, and smart boards are everywhere. “ ey didn’t stint on anything,” Scott said, ref- 30% erencing her $7 million-a-year budget. e impact is also clear. She says principals at the schools her 4-year-olds subsequently attend send their kindergarten teachers to Bishop Ford to see how to adjust 20% their teaching to reect the advances the children have made. If changes in policing fullled the mayor’s pledge 10% to reduce the social inequality of stop-and-frisk, January 2014 July 2017 winning universal pre-K represented the most im- SOURCE: Quinnipiac University Poll mediate way de Blasio could deliver on his vow to address economic disparities. especially African-Americans. ree out of four ey have learned every street of the mostly e theory of universal pre-K is that early child- black voters support the mayor in the latest Quin- commercial area, spoken to many of the business- hood education is crucial for success throughout nipiac University Poll. Only a third of white ones do. people and the homeless, and gured out who the schooling, especially for those from economical- troublemakers are. Shortly aer hitting the streets, ly disadvantaged homes. It also delivers a nancial New policing, safer city Mitchell knocked on the door of e Dwelling boost to working parents by taking over child care Twice Bill Bratton has saved New York from a Place shelter for vulnerable women and introduced costs a year earlier. While poor children in the city crime crisis, and each time he found the right per- herself to Sister Joann Sambs. No cop had done already had access to some subsidized day care, uni- son to tell him how to do it. that before. “I have her card; I know her face,” said versal pre-K has extended the hours substantially When he was named commissioner in 1994, Sambs of Mitchell, cracking a smile. “I call her and and made it available to middle-class families as well. amid more than 2,000 murders a year, it was a bow she calls me back.” In 2014 achieving universal pre-K was far from a tie–wearing intellectual analyst of policing, Jack When the cops know the people they protect, sure thing. Right aer the election, the mayor kept Maple, who showed him how to use low-level ar- they can implement another O’Neill directive: re- his campaign team in place to lobby for his plan: rests to snare serious oenders and who developed duce arrests. “It is a very small percentage of the pre-K for all 4-year-olds paid for by a new income the computer tracking system CompStat, which people who are involved in the violence, and we tax on those making more than $500,000. He was at held commanders accountable for reducing crime. should concentrate on them,” he has said. the height of his popularity and power, as was clear In 2014, when Bratton returned for a second ese may not seem like revolutionary steps, but when he was treated like a hero as he went into the stint as commissioner at de Blasio’s behest, he was the impact has been far-reaching. In 2011 police state’s legislative chambers in January and members confronted by a police department at war with under Bratton’s predecessor, Ray Kelly, conducted lined up for hugs and handshakes. e momentum minority communities over stop-and-frisk, the 685,000 stop-and-frisks, the vast majority of the was palpable, and Gov. Andrew Cuomo announced Bloomberg administration’s strategy for reducing targets being African-Americans and Hispanics. he would push through universal pre-K statewide. the number of guns in the city. is time Bratton Last year under O’Neill, the number was 12,000. In an act of one-upmanship, Cuomo made a crucial turned to NYPD lifer James O’Neill, his deputy in e crime wave de Blasio’s opponents predict- change: e state would pick up the bill rather than the department, to help him gure out how to re- ed would engulf the city without stop-and-frisk increase taxes. store peace with communities while continuing to never occurred. Instead, crime declined. rough De Blasio could have declared victory. Instead, drive down crime. mid-September, crime is down citywide by more in his rst major unforced error, he dug in his heels O’Neill’s career had been sidetracked in 2011, than 6% and shooting incidents by 23%. Murders on the income-tax hike, making it seem he cared when narcotics cops under his command used may end the year at fewer than 300. more about taxes than about prekindergarten. He drugs rather than cash to pay informants. Trans- “ ere was a powerful camp in New York City lost when Cuomo pushed through his version, set- ferred to a less important post, he sat in on the that believed black and brown ting up a pattern of inghting between department’s famous CompStat crime reviews, neighborhoods would spiral out of the state’s two top Democrats. watching as the number of stop-and-frisks soared control unless they were occupied “Why would the mayor of the city because, he believed, they had become a measure of and controlled by police,” said Da- FACTS engage in a ght with the governor, a commander’s productivity. “Did I see the bigger vid Kennedy, a professor at John Jay who holds all the structural power?” picture?” the 60-year-old O’Neill said. “I was fo- College of Criminal Justice. “ at’s asked Ester Fuchs, a Columbia Uni- cused on my job.” not true. ose communities are versity professor who has studied may- O’Neill decided to push for the kind of face-to- safer than ever, and the NYPD has ors going back to Fiorello La Guardia. face policing he had learned as a rookie transit cop. shown that policing can continue $85BCITY BUDGET under “What you are supposed to do is gure He dismantled the many specialized units that had to reduce crime without treating de Blasio, an 18% out what real power you have and po- slashed patrol strength and kept cops from getting whole neighborhoods like felons.” increase over Bloomberg litely back o when you can’t win.” to know the neighborhoods where they worked. Under intense scrutiny to im- With the addition of 1,500 cops that Bratton had Expanding education plement pre-K smoothly, the mayor pressured the mayor to add, O’Neill had police o- In the summer of 2014, veter- mobilized the entire government for cers patrol the same locales day aer day. He created an principal Laura Scott got a call % the launch in September 2014, nd- neighborhood-coordination ocers and told them from the higher-ups in the Board ing space in city schools, recruiting their job was to serve as a liaison between the com- of Education asking her to open a 70CAPITAL BUDGET nonprots and community organiza- munity and the patrol cops. is vision made him pre-K program in the former Bish- increase compared to the tions to create or expand programs, the clear choice to succeed Bratton as police com- op Ford Central Catholic High Bloomberg administration hiring teachers and forcing approv- missioner when Bratton le the department last year. School on de Blasio’s home turf in als through the bureaucracy. When In Chelsea, Detective Anthony Marion, a Brooklyn. school opened, 51,500 4-year-olds 14-year-veteran of the force, and Ocer Lisa She gave up her summer va- showed up at 600 schools and 1,100 Mitchell, the daughter and granddaughter of cation to create a plan for ve community sites. NYPD ocers who has ve years on the force, are classrooms, but demand was so Pre-K has since become universal. 329KSIZE OF CITY workforce, doing exactly what O’Neill wants as neighborhood- great—250 people lined up at 5 is year about 68,000 4-year-olds coordination ocers for Charlie, one of the 10th a.m. to sign up their 4-year-olds a 10% increase are enrolled—only about 10,000 fewer

Precinct’s three sectors. the day registration opened—that since 2013 than the number ofCONTINUED kindergartners, ON PAGE 16 DUNCAN BALL

20 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 25, 2017

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DUNCAN BALL white and minority children. minority and white gap achievement hasn’t the narrowed Fariña between at system e New School. the who now studies years Bloomberg the er during year,” school Nicole the Mader, said ateach- during sometimes and September every curriculum a new force. teaching the with peace made and stored calm improvement she re- for the reason that is likely most hold, the to take beginning only are programs ever. lowest rate Fariña’s dropout the Since new and seniors among readiness ment, improved college enroll- postsecondary-education ever,rate best the graduation highest the with ago, years four than day worker. social or counselor aguidance with students school high and middle Shepherd to pair Single called program a funding and schools of community to hundreds services social extensive bringing is administration the schools, to renewal addition In access. college Placement and Advanced computergebra, science, al- literacy, for all: of programs aplethora launched program. Schools her Renewal with them saving into services social and support money for academic peace. labor and al-development training profession- additional winning raises, future and o tenure, of his months rst ering pay the retroactive in contract to anine-year agreed Blasio De ers. of United Teach- Federation the with feuding years Bloomberg’s spent Klein and Bloomberg term, rst of educational years seven experience. fewer than with a principal be no one could that a rule imposed Fariña education. in course acrash them give other people from talented to recruit tried and elds educator. an Klein as spent 52 had years ton. Fariña Clin- President Bill under Department Justice of the antitrust the headed who worked at and IBM division chancellor. as do that she could And big,” she said. agreed. eventually but she for her grandchildren, to havecontinue time to she wanted mayor because the from overtures al tirement. rebu system of the eveteran sever- ed out of re- Fariña then-70-year-oldcajoled Carmen he to do that and strategy, education Bloomberg the with to break promised not had improve. Blasio De performance.” the assessed they sure making ers, provid- for community open-door policy an having and experts to academic listening program, a quality to launching were committed they and it universally, versity. “ to do outset the from were ey committed an Morris, at New York expert education Uni-early country. the in any as good as are programs the and they patrol. Chelsea neighborhood inthe knock ondoors Marion andMitchell COMMUNITY LIAISONS: “ schools low-performing many too still ere are done to be and has much still that say Critics to have strategy, anew demoralizing “It so was to- better are schools the measures, all almost By budget the With have Blasio de and Fariña ush, pouring is Fariña worst schools. the closed Klein A during big raises teachers er giving a lawyer was Bloomberg’s Joel Klein, chancellor, “ think you can education in that is e secret K–12 if notPre-K enough would be did schools “ done job,” aphenomenal has ecity said Pamela CONTINUED ONPAGE 22 * Funded in part through a cooperative agreement withthe U.S. SmallBusiness Administration agreement acooperative through * Fundedinpart ahta Pc)Sae sad(S)Queens (York) Staten Island (CSI) Manhattan (Pace) Bronx (Lehman) 212-618-6655 718-960-8806 Helping Small Business Dreams Come True! e NYSBDCcanhelpyou anewbusinessorgrow start anexistingone All New York Yankees trademarks andcopyrights are owned by theNew York Yankees and usedwiththepermission oftheNew York Yankees. N e w P F M B A Y i r u c n o a c s a r c e i o k n n u s r e s c e r t t k e i s R a s m o S P l 800-732-SBDC 718-982-2560 718-797-0187 C P T e e l s n o Brooklyn B r a e a r o t n a p f D j e r D e i q o c t c a h u r C t e l M i e or calloneofourNYCcenters: v o s n e t n a l i o s n F o p o m r - R i c t E e y o n , E V t s t c e a o t n e ahta Brc)Manhattan (Columbia) Manhattan (Baruch) r d s u a v n l 718-262-2880 646-312-4790 www.nysbdc.org t , i a a s t i e n o SEPTEMBER 25,2017 m d n W , c e o n o n m t t a s e c n t e u - r o s v w a i n t c : e e d s E |

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21 9/22/17 3:11 PM P018_CN_20170925.indd 22

BUCK ENNIS 22 POLITICS |

CRAIN’S NEWYORKBUSINESS housing and capture the prots being generated by generated prots being the capture and housing for avehicle aordable that make forda housing, to $41 billion. investment total the bring would units prots aordable to provide their to use developers Forcing program. the into $10 pour would supply. the itself billion e city more to increase to spur market-rate housing city of the areas rezone and to do so; forfeasible them it economically to make breaks tax them give and neighborhood for levels the to aordable building every lower rents in on 25% the or more units of the York; to of market-rate developers housing require New Dunn’s East as such in projects all-aordable prots. Street–style not Wall PR points, rm the development, earning community spurred and business small helped that e 51-year-olding. Goldman’s units do-good ran mislead and true both is employee, which Sachs details. of the charge in mayor, Glen, deputy put Blasio his De Alicia people. amillion ithelp would half apartment, per dents resi 2.6 Assuming United States. the in by acity launched ever program ambitious most the It was new, on lower 120,000. and rents preserved of them 80,000 over adecade, fordable units af 200,000 promise: put on his anumber 2012. and 2005 between apartments aordable 2,300 produced only had strategy Bloomberg the showed campaign the during released study A units. those no one built hit, crisis cial nan lower-income the when residents because for some apartments aside who set to builders es bonus density and height voluntary of oering strategy Bloomberg the He dismissed campaign. of major his promise third the fordable housing to go there.”people want “Now said. people avoided,” that Dunn a corridor of nature the “It changing is apartments. aordable 242 add will that two phase in buildings four on the people. ill mentally with same the does asecond ayear; $17,000 $60,000 and between making families working ly homeless with previous were who people combines building One 278 apartments. aordable with buildings, four rst New York the East completing is for decades, oor. ground to the services community and retail bring and low-cost units in people entirely to about 1,500 housing provide will that buildings to put 6-story up eight nancing in $100 million another arranging and cash in about $100 million providing of is Blasio’s de plan aordable-housing 5. every 1in down knocked city the that buildings abandoned ere were many so one precinct. any in ever most the 124 murders, ed record Precinct 75th 1993 In the cars. in it only trol pa would cops the dangerous, so aspot into road store. 1922 ahousewares as in founded Fortuno, by shops like lined neighborhood, the anchored Avenue to Pennsylvania Ltrain the from el the der Avenue Livonia along e stretch un area. thriving New York, a into East made Brooklyn, Gershwin, Ira New Yorkers, and George ing-class including All inonaffordablehousing York Aairs. City of e New for School’s Center New director utive exec Morse, Kristin said kids,” many too teaching “ e strategy was to adopt a pro-growth agen to adopt apro-growth was strategy “ e nance components: directly three had Her plan a former Goldman as described usually Glen is mayor the oce, of taking weeks Within af building made Blasio de acandidate, As work begun has developer, Cos., Another BRP worked in who has Dunn, Martin Developer city, one of the component section same this In same the transformed ills urban Midcentury work century, 20th of the half rst the In

| THE MAYOR’S PARADOX

SE PTEM BER 25,2017 - “THE STRATEGY WASTOADOPT ------A CAPTURE THEPROFITSFOR PRO-GROWTH AGENDAAND represented by City Council Speaker Melissa Mark- Melissa Speaker Council represented by City approved district mayor plan for can’t the the get the If council. the to defeat it in mobilizing are groups neighborhood and rezoning, the opposed president e borough has apartments. aordable 625 and of market-rate housing units new 2,000 produce should density where increasing Harlem, for East plan up arezoning take will council the more. on 52,000 extended have been rent and protections 20,000, on another underway is construction completed, have been units new Some 2,000 housing. of aordable amount the ing increas in succeeded has her oce, in whiteboard $2 million. more than worth of apartments sale on the tax for amansion plan his through time this taxes, apitchsio made for raising density, Bla de discuss than Rather housing. create to policies land-use done be morewhat using could en he asked program. aordable-housing his and inequality narrowing in successes his sio through Bla de led Krugman Paul summer, economist this at on aconference inequality appearance At astar for density. case the or make demand supply and of realities economic the pulpit to explain bully residents. displaces and up rents drives itself construction new that think Avenue. Livonia on as have city-nanced, to be will housing aordable development new and low too rents to justify are New Yorkproved—East Rockaways—where the and ap have been rezonings two a fever pitch. Only supply, housing the reached has increase and ings build taller to allow for rezoning neighborhoods 15 targeted component, which pro-growth the spend. would city the amount to the billion $1.9 adding homeless, the and applicants income lowest- to the priority to give rules to rework the law. in housing en she had inclusionary datory man resolution to enshrine forapproval azoning Council City to win years It two took enough. ers it didn’t help New that York poor especially plan, housing,” for Glen said. aordable market a frothy GREEN, CATHERINE DUNN AND the neighborhood. torevitalize are working tenant inDunn’s project, East New York anda AFFORDABLEHOUSING” But the crucial test looms later this fall, when fall, this later looms test crucial But the on the numbers of the track Glen, who keeps his using not e mayor Glen, rarely helped has New Yorkers many too More problematic that is against sentiment public years, two past the In about the of complaints adrumbeat She faced founder of Arts founder ofArts ------been [disproved] so many times over, [disproved]been times it’s many so silly.” economy for has the better government is smaller notion that the “I June. think in said Blasio de expanding. omy was econ the when cut tax abroad-based not to deliver Tax andspend employ arecord. is people they 255,000 the and ve years, more than in total highest the ago, ayear more than 1,000 are restaurants active spite alot of worry. e 26,500 Alliance. Hospitality City president New York of the Rigie, Andrew said cess,” due pro without system letter-grading a restaurant or reforming rent tax commercial inequitable the deafness about this. enemy tone- for an his as Blasio de see nesspeople busi other Many bill. much of the footing are teurs restaura especially and owners small-business so wage, minimum the than higher wages and days sick paid providing were already rms Most large apartments. on regulated rent freeze city. atwo-year He backed the with business doing for rm wage any living the in he ordered a10% increase a year. fall at sick days veve paid employees at to provide least more than with city the in companies law requiring he won for approval months, a two than less ce of in he was When need. in most to those wealth value. in jump estate real like investments when and soars market stock the when richer get always e rich crisis. nancial the recovered from city the since been it has as same the top 1% to the going income 41%, is of all percentage e country. the in city other any as bad 0.55, as about is agauge of inequality, coecient, e Gini inequality. not adent made in has agenda cities” As unequalasever begins. term second the as tatters in be for will housing strategy Viverito, his “I’m just a believer in investment in every sense,” every in investment “I’m in abeliever just years 50 past the mayor only in the is Blasio De de harm of any Yet no evidence is there far so reforming excludes bizarrely inequality “His some redistributed Yet eectively mayor has the of two “tale done, the has Blasio de all Despite had been making $15. making been had who employers to those dole out increases as benet will 300,000 additional an and Institute, Policy Economic to the according year, end of next residents by the city lion pay of 1.1 the boost mil will to embrace forced on Cuomo and campaigned Blasio e rich are not always the ones paying. ones paying. the not always are e rich de wage e $15-an-hour minimum CONTINUEDONPAGE 24 ------9/22/17 3:08 PM CN018364.indd 1 provide an exceptional academic experience for for experience academic exceptional our students.” an provide facultyour of and as part consistentlyto commitment our of teach to Johnof Carroll is University. “We ranksarebolsteringthe it mission president interim Colleran, Jeanne whose empower,”Dr.says people the with begins life successful a pursue to students “Preparing Mental other Clinical as and such program Health Counseling. areas MBA in degrees top-ranked advanced its on focus Supply Studies, Chain, and Pre-Health Professions, as well as a renewed Sports Science, the Exercise Marketing, represents Education, Communications, Accountancy, faculty in teaching undergraduate new to commitment enhanced of University’s appointment The A Focus onDistinct Programs character, intellect, leadership, andservice. Goals: Learning University its in reﬂected is the This spirit. on and body,person—mind, is excellence whole focus the Carroll, educational John At more. Jesuit much so of is years of hundreds on built education arts liberal However,a others. with collaboratively work and settings, diverse in problems eectively, understand and interpret data, solve complex graduate schools expect. Students learn to communicate John Carroll helps develop the skills that employers and more and, careers importantly, alife well lived. successful for them position that classroom— the outside and in experiences—both the with students providing on focused are eorts These programs.programs,numerous expandedadded and or for both undergraduate programs and graduate business enrollment faculty,increased appointed yearnewly 18 with academic the launched University Carroll John The Foundation for an Inspired Life world-class leaders. programs that ofits theneeds meet students as well as thedemandsofjobmarket, John Carroll iseducating thenext generation of that they can beaforce forgood. More than500businesses inNortheast Ohioare owned orledby John Carroll alums.With its focuson Carroll provides the experiences that prepare graduates foraconstantly changingworld andhelps students theirbest become selves so Backed by a500-year-old Jesuit tradition, John Carroll challenges students togo beyond mastering thelatest knowledge andskills. John Internships throughout Cleveland &theWorld

Educating the world’s next “greatest generation” of leaders of generation” “greatest next world’s the Educating r haiy novd n eerh n atvl involve actively students intheirwork. and research in involved faculty heavily STEM are Carroll companies, John 500 nonprofits. and Fortune startups, with internships 400 than 130,000 than more and projects, research more countless service, of hours in annually participate students JCU round. yearreal-worldgainexperience to students and allowsClevelanddowntown from miles 10 intellect just location of individuals world.Itsengagingserveby the and lead characterwho educates Carroll John A Callto Engagethe World rates, amongthose takingthetest for thefirst time. CPA2016 in passexamnation the in #23 and Ohio in #1 oers during their junior year. These graduates also rank job receiving many with jobs, havegraduates of percent 100 – strong particularly is program accountancy JCU’s nationpreparingin students successfor firsttheir in job. employers,magazine rankedthe the CarrollfirstJohn in most recent "Best Undergraduate Business Schools" Survey Businessweek's of Bloomberg In challenges. future and current for forward- designed a curriculum within business thinking field, their in experts by taught are a fast-paced and global-focused business world. Students at Business JohnCarrollUniversity of preparesin future a studentsfor School Boler Jo Mary and M. John The Business AsACareer –AndACalling

#1 heading into senioryear." internship, Iwas oered afulltimejobafter graduation -agreat way to start my summer at oneof thelargest professional services ﬁrmsintheworld. Uponcompletion of the to develop aprofessional presence inthebusiness world. Duringmy junioryear, Iinterned "From freshman to senioryear, BolerProfessional Development classes taughtmehow 18 Newly Appointed Faculty (16Pictured) Bloomberg BusinessWeek CAREER READINESS NATIONALLY FOR

Excellence inSTEM &Pre-Health Professions —Laura, Class of2017 U.S. News &World Report To learnmore visitgo.jcu.edu IN THEMIDWEST #6

9/19/17 12:57PM Educating the world’s next “greatest generation” of leaders

The Foundation for an Inspired Life Business As A Career – And A Calling John Carroll University launched the academic year The John M. and Mary Jo Boler School of Business at with 18 newly appointed faculty, increased enrollment John Carroll University prepares students for a future in for both undergraduate programs and graduate business a fast-paced and global-focused business world. Students programs, and expanded or added numerous programs. are taught by experts in their field, within a forward- These eorts are focused on providing students with thinking business curriculum designed for current and #6 the experiences—both in and outside the classroom— future challenges. In Bloomberg Businessweek's most IN THE MIDWEST that position them for successful careers and, more recent "Best Undergraduate Business Schools" Survey of importantly, a life well lived. employers, the magazine ranked John Carroll first in the nation in preparing students for success in their first job. U.S. News & World Report John Carroll helps develop the skills that employers and JCU’s accountancy program is particularly strong – 100 graduate schools expect. Students learn to communicate percent of graduates have jobs, with many receiving job eectively, understand and interpret data, solve complex oers during their junior year. These graduates also rank problems in diverse settings, and work collaboratively #1 in Ohio and #23 in the nation in 2016 CPA exam pass with others. However, a liberal arts education built on rates, among those taking the test for the first time. hundreds of years of Jesuit educational excellence is so much more. At John Carroll, the focus is on the A Call to Engage the World whole person—mind, body, and spirit. This is reflected John Carroll educates individuals of intellect and in its University Learning Goals: intellect, character, character who lead and serve by engaging the world. Its leadership, and service. location just 10 miles from downtown Cleveland allows students to gain real-world experience year round. JCU A Focus on Distinct Programs students participate annually in more than 130,000 The appointment of new faculty represents the hours of service, countless research projects, and more University’s enhanced commitment to undergraduate than 400 internships with Fortune 500 companies, teaching in Accountancy, Communications, Education, startups, and nonprofits. John Carroll STEM faculty Marketing, Exercise Science, Sports Studies, Supply are heavily involved in research and actively involve Chain, and Pre-Health Professions, as well as a renewed students in their work. focus on its top-ranked MBA program and other advanced degrees in areas such as Clinical Mental Health Counseling. NATIONALLY FOR “Preparing students to pursue a successful life begins CAREER READINESS with the people whose mission it is to teach and #1 empower,” says Dr. Jeanne Colleran, interim president of John Carroll University. “We are bolstering the ranks Bloomberg BusinessWeek of our faculty as part of our commitment to consistently provide an exceptional academic experience for our students.” "From freshman to senior year, Boler Professional Development classes taught me how to develop a professional presence in the business world. During my junior year, I interned at one of the largest professional services firms in the world. Upon completion of the internship, I was oered a full time job after graduation - a great way to start my summer heading into senior year." — Laura, Class of 2017

Internships throughout Cleveland & the World 18 Newly Appointed Faculty (16 Pictured) Excellence in STEM & Pre-Health Professions

Backed by a 500-year-old Jesuit tradition, John Carroll challenges students to go beyond mastering the latest knowledge and skills. John Carroll provides the experiences that prepare graduates for a constantly changing world and helps students become their best selves so that they can be a force for good. More than 500 businesses in Northeast Ohio are owned or led by John Carroll alums. With its focus on programs that meet the needs of its students as well as the demands of the job market, John Carroll is educating the next generation of world-class leaders. To learn more visit go.jcu.edu

CN018364.indd 1 9/19/17 12:57 PM POLITICS | THE MAYOR’S PARADOX

Instead, the $85 billion budget adopted for the scal year that began July 1 is almost 18% higher than the last Bloomberg budget, according to cal- culations by the Citizens Budget Commission, having grown at more than twice the rate of ination. e latest capital-spending plan tops $95 billion, not only a record, but also 70% larger than the last Bloomberg plan. e number of city workers is expected to surpass 329,000, a record, in the current scal year, led by the new pre-K and police hires. “e increases are primarily in permanent programs staed by new employees,” said CBC Presi- dent Carol Kellermann. “And when the economy turns down, it will be dicult to cut them.” e de Blasio administration has claimed the CLASS ACT: Universal pre-K increases were desperately needed, given growth was a huge win, but a tax- that has pushed the population to a record 8.5 mil- hike proposal back red. lion, up almost 400,000 since the 2010 census. “It is a bigger city. It still has enormous needs. We have the resources to address those needs,” said Dean Fuleihan, the budget director. He added that the administration had to settle the union contracts that Bloomberg had refused to negotiate to restore morale in the workforce, at a cost of more than $2 a long list of mistakes, two have damaged him most. “With the economy humming along, with em- billion in retroactive pay, and it has won health care e rst came when he tried to help the Demo- ployment at an all-time high and crime at a record savings commitments that will reduce the increase crats reclaim control of the state Senate aer Cuomo low, it’s hard to argue that the mayor hasn’t done the in payroll costs to about 1% a year. tacitly decided he would be better o if Republicans job,” said Carl Weisbrod, who served as his plan- Stress tests by the Independent Budget Oce and remained in power. His decision to go behind the ning commissioner until earlier this year. the city comptroller show that the amount would be governor’s back, and the fact that Democrats failed sucient to protect the budget for about two years to win the chamber, escalated his feud with Cuomo. A lame duck in the event of a modest economic downturn, such And Republicans never forgave de Blasio. He became Last month, at the rst Democratic primary de- as the one in 2008–2009. No one has looked at what enemy No. 1, to be humiliated at all opportunities. bate, de Blasio claimed he had no interest in run- a more severe recession would mean. “Aer winning the election, he thought election ning for president in 2020 and would serve all four strategies were how you should govern,” said Fuchs, years of his second term if elected. Few take that Political malpractice the Columbia professor. “But it is not.” vow seriously, but if it’s true, the success of his sec- Fresh from a New England vacation late last e way he nanced his state Senate eort led to ond term will be determined largely by whether his month, de Blasio kicked o his nal stretch before the years-long investigations by federal and local prose- luck holds. primary with media availability. Press conferences cutors and repeated investigative stories in the me- Over the summer ve economic records were have become tense aairs since de Blasio, like the dia. Even when probers ultimately said there would broken: the number of jobs, a lowest-recorded un- New Yorker in the White House, disdains the media. be no legal action, they criticized his moves and tar- employment rate, the highest number of New York- He rarely grants interviews to local reporters, though nished his image. ers employed, the number of residents in the work- he does so oen for national ones. He limits questions e mayor has also squandered his role as a lead- force and the highest-ever tax withholding. e during media sessions, spars with reporters and dis- er of progressive Democrats. As the rst Democrat to city’s economy is less dependent on Wall Street, as misses the New York Daily News and the hold the oce since 1993, and with a lib- tech companies expand and tourism grows. New York Post as irrelevant and doomed. eral agenda to boot, de Blasio started out In a development that has mostly been ignored, e media has responded in kind. FACTS as a hero to many in his party. “His calls wages are rising for those who need them most. A critical Post story greeted de Blasio were returned, people clamored to meet Economist James Parrott gures the median hourly on his rst day back, reporting he had with him, and he was sought aer as a wage has jumped by 8.4% since 2013 and is almost hired at least 25% more special assistants speaker,” said a major political strategist. three times the national rate, with the biggest gains than Bloomberg. Pestered by WCBS polit- en he declined to endorse Hillary among black and Latino workers. As a result tax ical correspondent Marcia Kramer about Clinton for president. It was an act of revenue increased by 16% during the mayor’s rst 290NUMBER OF why he had done so, de Blasio took a dig at disloyalty that infuriated the powerful term, giving him money to deal with virtually every his predecessor. “We’re running this gov- MURDERS Clinton arm of the party, and its stated issue he has faced. ernment very dierently, and we’re doing projected for the rationale—to push the former secretary He also has not seen the kind of crisis that up- a number of things that weren’t touched year, a record low of state into more progressive policies— ends a mayor’s agenda. ough homelessness has at all in those years. And we’ve got to have proved hollow when he nally signed worsened, the issue has not dominated New York- the personnel to make it work,” he said. It on in October 2015. Now the mayor ers’ concerns. reats do loom from Washington, was just the opening Kramer needed to al- has to travel to Germany, as he did this because the city, which gets about $7 billion in fed- low her to get former Bloomberg aides to % past summer, to be a featured speaker eral aid a year, will face a scal squeeze if the pres- go on camera to belittle the claim and de among progressives. ident and Congress pass even part of their agenda. 98DROP in stop-and- Blasio’s record. e damage to his standing has also Even so, de Blasio’s power will begin to ebb al- e next day the mayor and the schools frisks, to 12,000 thwarted his agenda. Since winning most as soon as he is sworn in because term limits chancellor met the media to triumphantly from a high of pre-K and maneuvering Cuomo to sup- mean virtually all other politicians will be angling release improved test scores. Kramer and 685,000 in 2011 port the $15 minimum wage, the mayor to build their own résumés for their next campaign, WCBS ignored education to focus on the has been unable to get Albany’s approv- oen at the mayor’s expense. His mission to attack mayor’s hint that he might remove the Christopher al for most of his priorities, and he barely won an inequality and improve the lives of the people who Columbus statue from Columbus Circle. Viewers extension of mayoral control of the schools despite voted for him will have reached the limit of what he were never told about improvements to the school universal support for the idea. His approval rating can achieve politically. He will probably nd it much system. has averaged a mediocre 49% during his rst term. more interesting to begin plotting his own next act. “When a mayor walks into City Hall, the rst Yet de Blasio won an overwhelming victory in If de Blasio’s good fortune continues, his sec- thing he sees is Room 9, where the press sits,” said the Democratic primary and holds a commanding ond term will be a smooth one. e economy will NYU professor Mitchell Moss. “A smart mayor real- lead over Republican Nicole Malliotakis for the gen- keep growing, and he will nd plenty of money to izes he governs with them. A mayor has to be visible eral election in November. One major factor is the keep his agenda on track. He will escape the kind in people’s living rooms every day, and [de Blasio] steadfast support of minority voters, a thank-you for of crisis that has tested other mayors and that he has not been.” what the mayor has achieved on crime, education has not dealt with his entire career. If not, all he has e mayor has not failed only at using the media to and housing. It is also because the city’s prosperity achieved will be at risk, and he will leave the city for sell himself and his policies. He has failed at political means his opponents have no compelling reasons to the next mayor in the kind of turmoil that his four tactics and nding allies to implement his plans. In demand a change. predecessors confronted when they took oce. ■

24 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 25, 2017

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Address to be Python, R or SAS; adv MS Office incl MS to which the SSNY shall mail a copy of maintained in DE: 108 West 13th St., Excel VBA prgrmm’g; &, prfrm’g rsrch any process against the LLC is: 340 Wilmington, DE 19801. Arts of Org. across mltple asset classes incl equities, filed with the Secy. of State, 401 Feder- Pemberwick Rd, Greenwich, CT 06831. The Largest Motorola Dealer in fxd income, commodts, bonds, derivs & Principal mailing address of the LLC is: al St, Ste 4, Dover, DE 19901. Pur- New York State currncies. Resumes: J. Alvia, AllianceBern- 340 Pemberwick Rd, Greenwich, CT pose: any lawful activities. 250 West 40 th St. stein L.P., 1345 Ave of the Americas, New 06831. Purpose: any lawful activity. New York, NY 10018 York, NY 10105. JobID: AOQ-GCA HIBISCUS ROOT REALTY LLC. Arts. of 212-532-7400 www.metrocomradio.com Notice of formation of Lai Chung Gar- Org. filed with the SSNY on 05/12/17. dens, LLC. Arts of Org filed with Secy. Office: New York County. SSNY desig- of State of NY (SSNY) on 4/13/2017. nated as agent of the LLC upon whom Office location: NY County. SSNY desig- process against it may be served. PUBLIC & LEGAL nated agent upon whom process may SSNY shall mail copy of process to the NOTICES Atlassian Engineer (Citadel LLC – New be served and shall mail copy of LLC, c/o Thomas A. Toscano, P.C., York, NY) Spprt day-to-day runn’g of JIRA & against LLC to 90 State Street, STE 200 Old Country Road, Ste. 490, Confluence installtns to mng dvlpr wrkflw, 700, Office 40, Albany, NY 12207. Prin- Mineola, NY 11501. Purpose: Any law- Notice of Qualification of Jeunesse, prod docmntatn & bus collabortn. F/T. Reqs cipal business address: 393 Dean ful purpose. LLC. Fict. name Jeunesse Global, LLC. Bach’s dgr (or frgn equiv) in Math, Elec En- Street, 1B, Brooklyn, NY 11217. Pur- Authority filed with Secy. of State of ginr’g, Comp Sci or rel fld & 5 yrs exp in job of- NY (SSNY) on 4/14/2017. Office loca- pose: any lawful act. frd or mng’g lrg JIRA & Confluence installtns. NOTICE OF FORMATION of 89 TRADING tion: NY County. LLC formed in FL on All stated exp must incl: spprt’g DevOps teams LLC. arts. of Org. Filed with Secy. of 7/9/2009. SSNY designated agent in JIRA; dvlp’g custmztns in JIRA & Conflu- 3130 WARREN ST. LLC. Arts. of Org. state of NY (SSNY) on 7/6/2017. Of- upon whom process may be served filed with the SSNY on 06/22/17. Of- fice location: NY County. SSNY desig- and shall mail copy of process against ence thru plugins or API extnsns; spprt’g bus fice: New York County. SSNY designat- nated agent upon whom process may LLC to: 111 Eighth Avenue, New York, & non-tech users of Confluence & JIRA; &, ed as agent of the LLC upon whom be served and shall mail copy of proc- NY 10011. Principal business ad- Git source ctrl sys. Resumes: ER/SM, Attn: process against it may be served. ess may be served and shall mail copy dress: 701 International Parkway, 8014-541, Citadel LLC, 131 S. Dearborn St, SSNY shall mail copy of process to the of process against LLC to principal busi- Lake Mary, Florida 32746. Certificate 32nd Fl, Chicago, IL 60603. LLC, 101 Warren Street, Unit 3130, ness address: 360 East 89th Street, of LLC filed with Secy. of State of FL lo- New York, NY 10007. Purpose: Any law- Unit 4A, New York, NY 10128. Pur- cated at: 2661 Executive Center Circle ful purpose. pose: any lawful act. Tallahassee, FL 32301. Purpose: any lawful act.

Programmer/Analyst (AllianceBernstein L.P.- Notice of Qualification of VIVOR, LLC NOTICE OF FORMATION OF LL Execu- Notice of Qualification of D3 LED, LLC New York, NY) Enhnce & spprt invstmnt risk Appl. for Auth. filed with Secy. of State tive Coaching, LLC. Articles of Organiza- Appl. for Auth. filed with Secy. of State sys. F/T. Reqrs Bach’s dgr (or frgn equiv) in of NY (SSNY) on 07/27/17. Office lo- tion filed with the Secretary of State of of NY (SSNY) on 08/07/17. Office loca- Comp Sci, Comp Enginr’g, Mech Enginr’g or cation: NY County. LLC formed in Dela- NY (SSNY) on 8/3/2017. Office location: NY County. LLC formed in Dela- rel fld & 2 yrs exp in job offrd or in spprt’g & ware (DE) on 12/24/14. SSNY desig- tion: NEW YORK County. SSNY has ware (DE) on 10/18/05. SSNY desig- enhnc’g apps used w/in finan ind. All stated nated as agent of LLC upon whom been designated as agent upon whom nated as agent of LLC upon whom proc- exp must incl: MS SQL Server 2014, SQL process against it may be served. process against it may be served. The ess against it may be served. SSNY Server Mgmt Studio, MS Visual Studio 2012 & SSNY shall mail process to c/o Corpo- Post Office address to which the SSNY shall mail process to c/o Corporation ORCALE; C#.NET, VB.NET .Net 4.5 frmewrk, ration Service Co., 80 State St., Alba- shall mail a copy of any process Service Co., 80 State St., Albany, NY Html, Ajax, JQuery, JSON & T-SQL; .NET ny, NY 12207-2543. DE addr. of LLC: against the LLC served upon him/her 12207-2543. DE addr. of LLC: 251 Lit- Web srvcs & ASP.NET; MS Office prdcts incl 251 Little Falls Dr., Wilmington, DE is: 7014 13th Avenue, Suite 202 Brook- tle Falls Dr., Wilmington, DE 19808. MS Project & Visio; &, prfrmnce calcultn al- 19808. Cert. of Form. filed with Secy. lyn, NY 11228 The principal business Cert. of Form. filed with Secy. of State, gorthms. Resumes: J. Alvia, AllianceBernstein of State of DE, Div. of Corps., 401 Fed- address of the LLC is: 540 West 49th John G. Townsend Bldg., 401 Federal L.P., 1345 Ave of the Americas, New York, NY eral St. - Ste. 4, Dover, DE 19901. Street #CY7N NY, NY 10019 Purpose: St., Ste. 4, Dover, DE 19901. Pur- 10105. JobID: PAN-KSA Purpose: Any lawful activity. any lawful act or activity pose: Any lawful activity.

SEPTEMBER 25, 2017 | CRAIN’S NEW YORK BUSINESS | 25

P025-26_CN_20170925.indd 22 9/22/2017 5:10:48 PM TO PLACE A CLASSIFIED AD, CALL 1 800 444 6007 OR VISIT CRAINSNEWYORK.COM

PUBLIC & LEGAL NOTICES

Notice of Qualification of TD PRIME Notice of Formation of 114 EAST 13 Notice of Qualification of LOKS, LLC. Notice of Formation of a Limited Part- SERVICES LLC Appl. for Auth. filed with STREET 6A REALTY, LLC Arts. of Org. Fic. name LOKS HOLDINGS, LLC. Au- nership (LP)The name of the LP is: Secy. of State of NY (SSNY) on filed with Secy. of State of NY (SSNY) thority filed with Secy. of State of NY EAST HARLEM MEC PARCEL B WEST, 07/27/17. Office location: NY County. on 08/07/17. Office location: NY (SSNY) on 5/23/2017. Office location: L.P. Certificate of Limited Partnership LLC formed in Delaware (DE) on County. Princ. office of LLC: 114 E. NY County. LLC formed in FL on was filed with the Secretary of State of 05/05/17. SSNY designated as agent 13th St., Unit 6A, NY, NY 10003. 11/22/2006. SSNY designated agent New York (SSNY) office on : of LLC upon whom process against it SSNY designated as agent of LLC upon whom process may be served and 07/21/17. The County in which the of- may be served. SSNY shall mail proc- upon whom process against it may be shall mail copy of process against LLC fice is to be located: NEW YORK COUN- ess to c/o Corporation Service Co., 80 served. SSNY shall mail process to to: 111 Eighth Avenue, New York, NY TY. The SSNY is designated as agent State St., Albany, NY 12207-2543. DE Corporation Service Co., 80 State St., 10011. Principal business address: of the LP upon whom process against it addr. of LLC: 251 Little Falls Dr., Wil- Albany, NY 12207-2543. Purpose: Any 1740 Greystone Ct. Longwood, FL may be served. The address to which mington, DE 19808. Cert. of Form. filed lawful activity. 32779. Certificate of LLC filed with the SSNY shall mail a copy of any proc- with Secy. of State, 820 N. French St., Secy. of State of FL located at: 2661 ess against the LP is: 340 Pemberwick 4th Fl., Wilmington, DE 19801. Pur- Executive Center Circle Tallahassee, FL Rd, Greenwich, CT 06831. Principal pose: Any lawful activity. Notice of formation of SIRAJ A 32301. Purpose: any lawful act. mailing address of the LP is: 340 BHADSAVLE M D PLLC. Articles of Or- Pemberwick Rd, Greenwich, CT 06831. ganization filed with the Secretary of Purpose: any lawful activity. Notice of Formation of 17 G, LLC Arts. State of New York SSNY on of Org. filed with Secy. of State of NY 06/06/2017. Office located in New Notice of Qualification of 312 CONEY IS- Notice of Qualification of WILD WEST (SSNY) on 08/16/17. Office location: York County. SSNY has been designat- LAND MANAGER LLC Appl. for Auth. filed CAPITAL, LLC Appl. for Auth. filed with NY County. Princ. office of LLC: 530 E. ed for service of process. SSNY shall with Secy. of State of NY (SSNY) on Secy. of State of NY (SSNY) on 76 St., #18C, NY, NY 10021. SSNY mail copy of any process served 08/15/17. Office location: NY County. 08/29/17. Office location: NY County. designated as agent of LLC upon whom against the PLLC 240 E 39TH ST APT LLC formed in Delaware (DE) on LLC formed in Delaware (DE) on process against it may be served. 28A NEW YORK, NY 10016. Purpose: 08/11/17. Princ. office of LLC: 150 08/28/17. SSNY designated as agent SSNY shall mail process to the LLC at any lawful purpose. Broadway, Ste. 800, NY, NY 10038. of LLC upon whom process against it the addr. of its princ. office. Purpose: SSNY designated as agent of LLC upon may be served. SSNY shall mail proc- Any lawful activity. whom process against it may be served. ess to the LLC, Attn: Richard N. Notice of formation of SSNY shall mail process to the LLC at Nottenburg, 11 E. 29th St., #27A, NY, YackerDunnTalent Group LLC. Arts. of the princ. office of the LLC. DE addr. of NY 10016. DE addr. of LLC: c/o Corpo- NOTICE OF FORMATION OF EAST 19TH Org. filed with Secy. of State of NY LLC: c/o Corporation Service Co., 251 Lit- ration Service Co., 251 Little Falls Dr., STREET DENTAL PLLC. Arts of Org filed (SSNY) on 7/13/2017 Office loca- tle Falls Dr., Wilmington, DE 19808. Wilmington, DE 19808. Cert. of Form. with the Secy of State of NY (SSNY) on tion: NY County. SSNY designated Cert. of Form. filed with Secy. of State of filed with DE Secy. of State, Div. of 07/19/17. Office location: NY County. agent upon whom process may be DE, John G. Townsend Bldg., 401 Feder- Corps., John G. Townsend Bldg., 401 SSNY designated agent upon whom served and shall mail copy of process al St., Ste. 4, Dover, DE 19901. Pur- Federal St. - Ste. 4, Dover, DE 19901. process may be served and shall mail against LLC to: Marc Reibman, 26 pose: Any lawful activity Purpose: Any lawful activity. copy of process against PLLC to: 30 . Court St #1808, BK, NY Central Park S Rm 13C, New York, NY 11201.Principal business address: 10019. Principal business address: 212 Warren Street, New York, NY 118 East 19th St. Ground Fl, New York, 10282 Purpose: any lawful act NY 10003 Purpose: any lawful act.

Notice of Qualification of COATUE PE Notice of Qualification of COATUE PE ASIA XIV LLC Appl. for Auth. filed with ASIA X LLC Appl. for Auth. filed with Secy. of State of NY (SSNY) on Secy. of State of NY (SSNY) on 08/23/17. Office location: NY County. 08/23/17. Office location: NY County. LLC formed in Delaware (DE) on LLC formed in Delaware (DE) on 08/21/17. Princ. office of LLC: 9 W. 08/21/17. Princ. office of LLC: 9 W. 57th St., 25th Fl., NY, NY 10019. 57th St., 25th Fl., NY, NY 10019. SSNY designated as agent of LLC upon SSNY designated as agent of LLC upon whom process against it may be whom process against it may be served. SSNY shall mail process to the served. SSNY shall mail process to the LLC, Attn: Philippe Laffont at the princ. LLC, Attn: Philippe Laffont at the princ. office of the LLC. DE addr. of LLC: c/o office of the LLC. DE addr. of LLC: c/o Corporation Service Co., 251 Little Corporation Service Co., 251 Little Falls Dr., Wilmington, DE 19808. Cert. Falls Dr., Wilmington, DE 19808. Cert. of Form. filed with Secy. of State of the of Form. filed with Secy. of State of the State of DE, Div. of Corps., John G. State of DE, Div. of Corps., John G. Townsend Bldg., Federal & Duke of Townsend Bldg., Federal & Duke of York Sts., Dover, DE 19901. Purpose: York Sts., Dover, DE 19901. Purpose: Any lawful activity. Any lawful activity.

Notice of Qualification of CPG 2017 Notice of Qualification of MAINFRAME VINTAGE ACCESS FUND, LLC Appl. for HOLDINGS MANAGEMENT LLC Auth. filed with Secy. of State of NY Appl. for Auth. filed with Secy. of State (SSNY) on 07/06/17. Office location: of NY (SSNY) on 06/30/17. Office loca- NY County. LLC formed in Delaware tion: NY County. LLC formed in Dela- (DE) on 05/17/17. SSNY designated ware (DE) on 06/27/17. Princ. office of as agent of LLC upon whom process LLC: One Battery Park Plaza, NY, NY against it may be served. SSNY shall 10004. SSNY designated as agent of mail process to c/o Central Park Advis- LLC upon whom process against it may ers, LLC, 805 Third Ave., NY, NY be served. SSNY shall mail process to 10022. DE addr. of LLC: 251 Little Seward & Kissel LLP, Attn: Noelle P. Falls Dr., Wilmington, DE 19808. Cert. Indelicato at the princ. office of the of Form. filed with Secy. of State of the LLC. DE addr. of LLC: c/o Corporation State of DE, Loockerman & Federal St., Service Co., 251 Little Falls Dr., Wil- Dover, DE 19901. As amended by mington, DE 19808. Cert. of Form. filed Cert. of Amendment filed with SSNY on with Secy. of State of the State of DE, 08/22/17, name changed to CPG VIN- Div. of Corps., John G. Townsend Bldg., TAGE ACCESS FUND, LLC. Purpose: Federal & Duke of York Sts., Dover, DE Any lawful activity. 19901. Purpose: Any lawful activity.

Notice of Formation of ALENA LLC Arts. VEYEP VAPOR, LLC Art. Of Org. Filed of Org. filed with Secy. of State of NY Sec. of State of NY 6/28/2017. Off. (SSNY) on 08/22/17. Office location: Loc.: New York Co. C T Corporation NY County. SSNY designated as agent System designated as agent upon of LLC upon whom process against it whom process against it may be may be served. SSNY shall mail proc- served. SSNY to mail copy of process ess to c/o Loeb Block & Partners LLP, to The LLC, 111 8th Avenue, New 505 Park Ave., 8th Fl., NY, NY 10022. York, NY 10011. Purpose: Any lawful Purpose: Any lawful activity. act or activity.

26 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 25, 2017

P025-26_CN_20170925.indd 25 9/22/2017 5:13:42 PM GOTHAM GIGS

ISLAND IN THE STREAM: Malinowski works to collect oyster shells that lter out nitrogen BY LANCE PIERCE in the harbor.

A shellfish pursuit An oyster farmer’s son nurtures beds in New York Harbor to save the city and its waters

early every weekday trucks pick up 4 tons of On Sept. 1 the Billion Oyster Project promoted Ma- oyster shells from 70 restaurants across the linowski to executive director, overseeing its $4.2 million city for the Billion Oyster Project. Peter Ma- annual budget paid for by the Governor’s Oce of Storm PETER MALINOWSKI linowski and a team of students and employ- Recovery and other public and private sources. Nees use them—an estimated one-tenth of the total amassed Malinowski’s work oers a rare chance to discuss food in the city each week—to build reefs and nurture oyster and sewage in the same conversation, and he’s given restau- AGE 34 populations in New York Harbor. rateurs a way to teach their sta and custom- BORN Fishers Island, N.Y. Oysters lter out excess nitrogen—the “Oysters ers about problems with the city’s waterways. RESIDES Clinton Hill, Brooklyn harbor’s primary pollutant—produced by convince New “It’s not oen that a business gets the op- EDUCATION Bachelor’s in biology, the city’s treated wastewater. And their beds portunity to be involved in something so Vassar College could protect shorelines from storms like Yorkers to community-focused and where our particular WORLD IS HIS OYSTER Gov. Sandy. e project has introduced 22 mil- care about expertise can be of such signi cant value,” said Andrew Cuomo this month named lion of the mollusks into the harbor since Ian MacGregor, CEO of e Lobster Place, Malinowski co-chair of the state’s the water that new $10.4 million Shell sh Resto- which won the bid for a truck route to collect it began in 2014, which means Malinowski surrounds us ration Council has only 978 million to go. donated shells. Crave Fishbar partner Brian ” AW-SHUCKS A lifelong oyster “e project’s biggest impact is to con- Owens added that it’s additional work, since lover, Malinowski likes to eat them vince New Yorkers to care about the natural resource that kitchen staers have to save oysters from plates and store raw, “just as they are.” surrounds us: water,” he said. them. “But we feel like we have a big impact,” he said. SAFE HAVEN The project’s most Malinowski grew up on Fishers Island in the Long Island Still, MacGregor admits to confronting a common con- successful oyster population is by Sound, where his parents ran an oyster farm. Aer college fusion related to the project: e goal is not to develop city Bush Terminal, which is off the he became an aquaculture teacher at the Urban Assembly oysters for consumption. “In the public’s mind, the ultimate coast of Sunset Park, Brooklyn. Oysters thrive there because the New York Harbor School on Governors Island. When he goal of creating the oyster habitat is to one day eat them,” location is free of their natural pred- thought up the Billion Oyster Project, he wanted an edu- he said. “e simple fact is that the sewage infrastructure ator, a snail called the oyster drill, cational component. “Students get excited to realize there in New York City will never allow us to eat shell sh from and protected from currents.

BUCK ENNIS are grown-ups counting on them to do real work,” he said. these waters.” — CARA EISENPRESS

SEPTEMBER 25, 2017 | CRAIN’S NEW YORK BUSINESS | 27

P027_CN_20170925.indd 27 9/22/17 6:25 PM SNAPS

The way we wore e Couture Council at e Museum at the Fashion Institute of Technology honored designer om Brown with its Artistry of Fashion Award. e luncheon is an annual fundraiser that marks the beginning of New York Fall Fashion Week. FIT’s museum is the only one in the city that’s solely dedicated to fashion.

Martha Stewart with Joyce Brown, president of the Fashion Institute of Honoree Thom Browne, e View co-host Technology, at the fundraiser that garnered Whoopi Goldberg and Valerie Steele, nearly $940,000. director of the museum, at the David H. Koch eater at Lincoln Center, where the Sept. 6 awards luncheon was held.

High-tech Turning cameras on themselves ribbon cutting

e Cornell Tech campus on Roosevelt Island—a $2 billion joint venture between Cornell Univer- sity and Technion-Israel Institute of Technolo- gy—opened three of its planned ve buildings Sept. 13. Peretz Lavie, Technion president, and Thom Mayne, architect of the Emma and Georgi- na Bloomberg Center on BYkids, which provides young people worldwide with cameras and training to make the campus, attended the autobiographical documentaries, held its 10th anniversary gala Sept. 11. Attending opening ceremony. were Betty Cohen, Cartoon Network founder; Kay Koplovitz, chair of Springboard Enterprises; Holly Carter, BYkids’ founder and executive director; and Jason Sirois, national director of the Anti-Defamation League’s No Place for Hate program.

Joanne Heyman, founder and chief executive of Heyman Partners; Alison Curry, a BYkids strategic adviser; and Eileen Newman, executive director of the Center for e ribbon cutters included student Evan Kesten, who is pursing two master’s Bronx Nonprots, at the degrees; Lowell McAdam, chairman and CEO of Verizon Communications; May- party held at the Henry R. or Bill de Blasio; Martha Pollack, Cornell University president; former Mayor Luce Auditorium at Time Michael Bloomberg; Peretz Lavie; Robert Harrison, chairman of the Cornell Inc.’s headquarters at 225 University board of trustees; and Dan Huttenlocher, vice provost of Cornell Tech. Liberty St. e event raised more than $80,000.

PATRICK MCMULLIN, ZACH HILTY/BFA, ROBERT BARKER/CORNELL UNIVERSITY MCMULLIN, ZACH HILTY/BFA, PATRICK SEE MORE OF THIS WEEK’S SNAPS AT CRAINSNEWYORK.COM/SNAPS. GET YOUR GALA IN SNAPS. EMAIL THERESA AGOVINO: [email protected].

28 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 25, 2017

P028_CN_20170925.indd 28 9/22/17 6:30 PM FOR THE RECORD*

NEW IN TOWN ing and grocery spot, in the ■ Lehman Pass-Through Jay Scott Sugarman, CEO, at 655 Third Ave. for an asking rent for the 10-year Financial District. eir rst Securities sold 1,348 shares of com- additional 10 years. e ap- deal was between $130 and ■ Brooklyn Wing House is in the East Village. 277 Park Ave. mon stock at prices ranging parel giant will continue to $140 per square foot. e 1218 Union St., Brooklyn An aliate of Lehman from $19.48 to $19.74 per occupy 8,421 square feet on landlords, Mitsui Fudosan A venture from a wing- ■ Ladybird Brothers led for Chapter share from Aug. 25 to Sept. the ground oor and 7,363 America, e Related Cos. loving Crown Heights local 111 E. 7th St. 11 bankruptcy protec- 1 in transactions worth square feet on the lower and Oxford Properties o ers 10 wing avors and Aer restaurateur Ravi tion Aug. 31. e ling $26,411. He now holds level. e asking rent for the Group, were represented pays homage to native son DeRossi turned e Bour- cites estimated assets of 59,020 shares. deal was $250 per square by CBRE. e tenant was Notorious B.I.G. with a geois Pig into a tapas bar $100,000,001 to $500 foot. RKF represented the represented by JLL. catsh sandwich. called Ladybird, it closed million and liabilities of tenant. e landlord, e for the summer. Now it has $50,000,001 to $100 million. REAL ESTATE Durst Organization, was ■ e Department of ■ Navigate Design opened in the East Village represented in-house. Sanitation signed a lease 305 Seventh Ave. with a new investor, Moby, ■ Oxford Associates Group RETAIL for 72,000-plus square feet e Toronto-based architec- and an all-vegan menu. 5 W. 37th St., 2nd oor ■ Sparks Steak House re- COMMERCIAL at 375 Pearl St. It plans ture and design rm opened e real estate rm led newed the lease on its home ■ ird Point agreed to take to move from 137 Centre an oce in Chelsea, its rst for Chapter 11 bankruptcy of 40 years, 210 E. 46th St., 75,064 square feet at 55 St. and use its new digs to U.S. location. BANKRUPTCIES protection Sept. 5. e ling for an additional 15 years. Hudson Yards. e hedge house a data center and cites estimated assets and It was not represented by a fund will occupy half of the oces. e asking rent for ■ Nespresso Madison ■ Europe by Car liabilities of $1,000,001 to broker. e landlord, e 49th oor and the entire the deal was in the low $50s Boutique & Café 40 Exchange Place $10 million. Durst Organization, was 50th and 51st oors of the per square foot. Cushman & 935 Madison Ave. e car-rental company represented in-house. 51-story building that’s Wakeeld represented the e co ee-capsule company led for Chapter 11 bank- under construction on 11th tenant. CBRE represented opened its rst U.S. agship, ruptcy protection Aug. 31. STOCK EXCHANGES ■ Gap renewed its Avenue between West 34th the landlord, Sabey Data a two-level showroom on e ling cites estimated 15,492-square-foot lease and West 35th streets. e Center Properties. ■ the Upper East Side. assets of $0 to $50,000 and ■ Coty Inc. (COTY-N) liabilities of $1,000,001 to Laurent Kleitman, executive GET YOUR NEWS ON THE RECORD $10 million. e creditors VP, sold 120,000 shares of * MOVES AND EXPANSIONS with the largest unsecured common stock for $16.50 To submit company openings, moves or real estate deals, or to receive further information, email [email protected]. claims are Henry Roy Liv- per share Sept. 1 in a trans- ■ Harry & Ida’s ing Trust, owed $1,620,000; action worth $1,979,988. He For the Record is a listing to help businesspeople in New York nd opportunities, potential Luncheonette Intercontinental Travel now holds 182,000 shares. new clients and updates on customers. Bankruptcy lings from the eastern and southern districts of New York are listed alphabetically. Stock transactions are insider transactions at 11 Park Place System, owed $390,000; and New York companies obtained from Thomson Reuters and listed by size. Real estate listings e brother-and-sister team Citer/Enterprise Holdings ■ Safety Income & Growth are in order of square footage. opened a second casual din- France, owed $65,228. (SAFE-N)

SEPTEMBER 25, 2017 | CRAIN’S NEW YORK BUSINESS | 29

P029_CN_20170925.indd 29 9/22/17 6:31 PM PHOTO FINISH

Pace of diplomacy ra c slowed to a crawl on East 42nd Street last week thanks to the United Nations General Assembly. Streets were Tnarrowed by cones and security barricades to create dedicated lanes for convoys of visiting dignitaries. Scores of tra c cops struggled to manage the ow of cars, trucks and people pushed to the side in the name of diplomacy. All that extra congestion—and the attendant frustrations—were clearly a drag on city businesses, albeit one that was di cult to quantify. But overall the United Nations’ presence on the East River is a boon for the local economy. According to the Economic Development Corp.’s 2016 impact report, the “U.N. community” accounted for 25,040 full- and part-time jobs in 2014 and generated $3.7 billion in economic output while contributing $56 million in net scal bene ts to the city government. Little wonder they can a o r d to stop tra c. — GERALD SCHIFMAN BUCK ENNIS

30 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 25, 2017

P030_CN_20170925.indd 30 9/22/17 6:23 PM Building Owners. Time is running out... New York City is currently offering an amnesty program to waive civil and criminal penalties if there is improper gas work or appliances in your building.

For more information on the program contact NYC Department of Buildings customer service (212) 393-2406 or visit gasamnesty.nyc

This message is sponsored by the Plumbing Foundation City of New York.

CN018318.indd 1 8/2/17 12:06 PM WHERE SOME SEE LIMITS, OTHERS SEE THE OPPORTUNITY TO PROVE OTHERWISE.

Genesis salutes Crain’s 2017 50 Most Powerful Women in New York. Leaders helping to define the world of business, government, the arts and philanthropy. Women who set an example by showing the world that barriers and preconceptions are no match for vision, talent and commitment. Above all, they are remarkable people who prove that real success is earned by making a difference.

CN018371.indd 1 9/20/17 11:22 AM

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