20150921-NEWS--0001-NAT-CCI-CN_-- 9/18/2015 7:18 PM Page 1

BOOM TIMES ARE TOUGH TIMES FOR THRIFT STORES CRAIN’S® PAGE 4 NEW YORK BUSINESS

VOL. XXXI, NO. 38 WWW.CRAINSNEWYORK.COM SEPTEMBER 21-27, 2015 PRICE: $3.00 Can Preet be beat? Next up in the U.S. attorney’s crusade against Albany corruption: the trials of Dean Skelos and Sheldon Silver PAGE 10

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EDITOR’S NOTE

FYICRAINSNEWYORK.COM Women leaders

It was with trepidation that I ventured to the podium last week Fred Wilson’s mission to address a room filled with 50 of to train tech teachers New York’s most powerful women, joined by 600 of their mostly enture capitalist Fred Wilson female guests. If the three-hour (right) stepped into the public- Republican presidential debate the policy spotlight last week as he night before told us anything, it’s V Jeremy Smerd and his foundation joined forces with that there’s no shortage of Mayor Bill de Blasio to get computer- bloviating men. But the luncheon science teachers and courses into every at Cipriani 42nd Street celebrating these public school in the five boroughs by accomplished women presented an opportunity 2025. New York is the third city to to make a point that we don’t hear enough: Boys attempt such a plan, after Chicago and and men need female role models, too. A study San Francisco. Half of the $81 million published a couple of years ago quantified this idea. needed to develop “Computer Science Researchers looked at more than 10,000 companies for All” is expected to come from private and tracked the wages that male CEOs paid their donors. Among the early backers are the buck ennis workers.Their conclusion: CEOs with daughters AOL Charitable Foundation, the Robin paid their female employees more. Having a Hood Foundation and CSNYC, Mr. Wilson’s technology-education-focused organization.The city daughter makes men more empathetic and fair- will need to find or train about 5,000 people who not only can teach computer science, but also minded. And a father who picks up on the needs of want to apply those skills in education rather than in New York’s lucrative and growing tech his daughter is also, we hope, picking up on the sector. Crain’s reported last year that of the school system’s 75,000 teachers, fewer than 100 teach feelings and needs of girls and women in general. It’s computer science. Because most states, including New York, don’t offer certification in the amazing for me to think of my 9-month-old subject, computer-science teachers typically have been math instructors who have picked up daughter as a role model, but she is. Ruby is helping software skills on their own. One of the challenges will be pay. Salaries for engineers, for example, me deepen my conscientiousness about the issues can start at around $90,000, about twice what a new teacher can expect to make. that affect women in general. Not just job discrimination and the pay gap, but domestic CRIME CURRENTLY NOT PAYING DOLANS TO SELL CABLEVISION Hungary from Houston,and transfer violence, rape and the subtle everyday forms of As former Assembly Speaker Shel- European cable company Altice will an additional 400 from South Caroli- gender bias. Not everyone, of course, is lucky enough don Silver waits for his day in court pay $17.7 billion for Cablevision, na, Maine and New York to France. to have a daughter, but we all work with talented to face corruption charges (see Page long controlled by the Dolan family. 10), two former assemblymen were The deal, which requires regulatory GM PAYS UP women.The New York business world is full of sentenced. William Scarborough approval, takes place amid industry General Motors will pay $575 mil- them. Our Most Powerful Women list is an obvious (D-Queens) received 13 months for consolidation as consumers ditch ca- lion to settle lawsuits with about place to find them and learn their stories, as are our claiming false travel expenses, while ble for digital media. 1,380 people over annual 40 Under 40 and Fast 50 features. William Boyland Jr. (D-Brooklyn) ‘At least he its failure to dis- got 14 years for bribery. JFK HOTEL close a major safe- Recognizing and celebrating their accomplishments, The Port Authority of doesn’t have ty defect that formally and informally, is a service to all of us. If you CARNEGIE HALL DISCORD New York and New caused ignition have someone in mind, keep the conversation going Billionaire Ron Perelman stepped Jersey this week is ex- this one strand systems to switch down as chairman of the concert hall’s pected to approve its that he twirls off and disable fea- by tweeting #50powerfulwomen to @crainsnewyork. board of trustees, even though the ex- pick of JetBlue and tures such as pow- ecutive committee agreed to investi- MCR Development over his head er steering and gate the venue’s finances. Mr. Perel- to transform JFK air- like a soft serve airbags. Addition- THIS WEEK IN CRAIN’S man accused management of poor port’s former TWA ally, GM settled a transparency and oversight. terminal—a land- at Dairy shareholder suit mark designed by filed by the New IN THE BOROUGHS------4 Eero Saarinen—into Queen’ York State Teach- —Hillary Clinton to Jimmy the transit hub’s lone ers’ Retirement IN THE MARKETS------Fallon, when the Tonight 5 hotel. System alleging Show host, posing as THE INSIDER ------that the carmaker 6 NATION’S Donald Trump, commented that Democratic concealed the REAL ESTATE ------7 SMARTEST CARS presidential rival problems as in- OPINION------8 New York City will be Bernie Sanders is balding vestors bought the testing ground for GM stock. GREG DAVID ------9 new smart-car tech- nology,thanks to a $20 million grant LOVE-HATE NO. 7 REPORT: LAW ------10 from the U.S. Department of Trans- Days after a No. 7 subway station THE LIST ------12 portation.As part of a pilot program, opened in Hudson Yards, one study wireless technology that gives ad- blasted the line for having the worst SOURCE BREAKFAST CLASSIFIEDS ------16 vance warning of changing traffic facilities in the city while another Danish architect Bjarke ap images BUSINESS PEOPLE------20 patterns and obstacles will be in- commended the 7 for its frequency Ingels is making his mark on QUINN TO LEAD NONPROFIT stalled in about 100,000 cars, taxis and clean cars. The Citizens Budget New York. P. 21 FOR THE RECORD------22 Former New York City Coun- and buses. Commission found that of the line’s cil Speaker Christine Quinn, 21 stops, 37% had stairs, platform vol. xxxi, no. 38, september 21, 2015—Crain’s New York Business (issn 8756-789x) is who joined the Cuomo admin- GE LOOKS OVERSEAS edges and ventilators in dire need of published weekly, except for double issues the weeks of June 29, July 13, July 27, Aug. 10, Aug. 24 and Dec. 21, by Crain Communications Inc., 685 Third Ave., New York, NY istration after losing the 2013 General Electric may move 500 jobs repair. Separately, the Straphangers 10017. Periodicals postage paid at New York, N.Y., and additional mailing offices. Post- mayoral race, was named head overseas after an Import-Export Campaign ranked the 7 the city’s best master: Send address changes to: Crain’s New York Business, Circulation Department, 1155 of Women in Need, a nonprof- Bank government loan agency that line for the second year in a row, also Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call (877) 824-9379.Fax (313) 446-6777.$3.00 a copy,$99.95 one it that focuses on homeless helped U.S. firms sell to foreign cus- citing seat availability and fewer de- year, $179.95 two years. (GST No. 13676-0444-RT) women and children. tomers ended. As a result, GE said it lays than average. ©Entire contents copyright 2015 by Crain Communications Inc. All rights reserved. will relocate 100 jobs to China and —peter d’amato

September 21, 2015 | Crain’s New York Business | 3 20150921-NEWS--0004-NAT-CCI-CN_-- 9/18/2015 6:49 PM Page 1

IN THE BOROUGHS BRONX Clouds part at Hunts Pt. Locals breathe easy as markets’ old delivery trucks are replaced

BY ERIK IPSEN

Sometime in the next few weeks, an aging, soot-belching, diesel- powered Dodge, Mack or perhaps Toyota truck will vanish from the GOOD INTENTIONS: streets of Hunts Point in the South Goodwill believes curated shelves will Bronx—the 500th to do so since help it compete as a early 2012. In its place will come a booming economy newly minted Ford, Hino or some- puts more money in thing else, but whatever its badge, shoppers’ hands. missing will be the black, carcino- genic cloud its predecessor trailed in

buck ennis its wake. That quiet changing of the guard comes courtesy of a remarkable partnership between the city and Don’t call this stuff junk! federal government, as well as local community and business leaders. The roots of the joint effort stretch Thrift stores dump the duds hip displays. fairs for Goodwill Industries of Greater New York back nearly 15 years, when area Yet these thrift-shop chains are now trying to and New Jersey. She noted that it’s imperative to residents rebelled at the news that the in favor of designer goods capitalize on their shabby-chic reputation by target them. “[Some are without] disposable in- city wanted to move yet another embracing a more upscale look. They’re invest- come, making a Goodwill boutique a great place wholesale market—the historic fish as hot economy crimps sales ing in creating intimate, high-end shopping ex- for them to shop.” bazaar on Manhattan’s Fulton Street, periences where hand-picked merchandise lures Secondhand stores across the city are invest- with all its truck traffic—to the area, BY ADRIANNE PASQUARELLI younger shoppers who no longer have time to ing in upgrading their images. Their timing is which already hosted New York’s weed through the bins. critical.When the recession hit,consumers shied sprawling vegetable and meat mar- Most consumers don’t associate Goodwill or the “Millennials are a larger, growing group, and away from full-priced goods and shifted their kets. “That was the tipping point,” Salvation Army with boutique shopping. they like the more boutique-y, trendy type of dollars into the secondhand market. Hipster hot said Charles Ukegbu, assistant com- Decades-old clothing that long ago hit its fashion stores,” said Karen Means, chief development of- spots like Buffalo Exchange and Beacon’s missioner for regional planning at the peak, perhaps, but not designer labels arranged in ficer and executive vice president of external af- See THRIFT on Page 19 See TRUCKS on Page 14

STATS AND THE CITY by Gerald Schifman Taxis finally try to beat Uber DIRTY DINING THE LATEST Mayor’s Management Report touts that 95% of inspected at its own game: with an app restaurants in the city scored an “A” grade from the Health Department in fiscal year 2015, the highest in the program’s five years. But a deeper look at inspection data tells a dirtier story. Taxi TV systems in the back of all single cab in town—something not The percentage of eateries earning an A on their initial inspection has risen each year since 2012. Riders can now pay cabs. The recent launches by Cre- even Uber can do. That’s a sharp But more than half the city’s restaurants still receive lesser grades in the first round of the process. for cabs with phone, ative Mobile Technologies and Ver- turnaround for an industry that has RATE OF 'A' GRADES ON INITIAL INSPECTIONS ifone Systems are the first sign that long been resistant to change and has 50% something not even the yellow-taxi industry wants to try been fragmented among fleet own- 46.8% the upstart can offer to beat Uber at its own game. ers, individual medallion holders, lenders and others. “Sometimes you have to cooper- 40 BY ANDREW J. HAWKINS But is it too ate with your competitors,” said Evan Rawley, associate professor at 38.3% little, too late? 30 Uber has driven the yellow-taxi in- Columbia University, who tracks 2011 2012 2013 2014 2015 dustry into a free fall.Medallion val- Uber and the taxi industry. “This is newscom ues have plummeted and fare-box First medallion the kind of situation where they This jibes with data on Still, diners’ gripes were far fewer than the most revenue is down as riders and driv- were just going to be overwhelmed customer complaints, which common violations tabulated by health inspectors. ers continue to flock to the Silicon lender is seized by Uber if they didn’t do something rose 18.3% this past year. TOP INSPECTION VIOLATIONS IN 2015 Valley insurgent worth $50 billion. to work together.” Conditions unclean/hard to keep clean Now the cab industry believes it The stakes are huge: Medallions 10,226 COMPLAINTS Vermin-conducive has a fighting chance in the form of that once sold for $1.3 million now 7,244 by consumers not one but two apps that offer riders auction for around $715,000. (Two Cold-food item in warm conditions 8,653about restaurants to the Health 6,537 with a smartphone a seamless way to And while there are two separate sold for that price in August.) Dri- Unsanitary surfaces Department in fiscal year 2015 6,214 hail and pay for a ride in any of the apps—CMT produced Arro, and vers are defecting to Uber in droves, Undercooked food city’s 20,000 yellow and green taxis. Verifone created Way2Ride—the enticed by startup bonuses, surge 5,664 Sources: DOHMH, Mayor’s Management Mice & rats found The apps, Arro and Way2Ride, companies are working with each pricing and more flexible hours. Report, New York Post, Crain’s analysis 5,645 are backed by the companies that other so that by the end of the year Daily yellow-cab trips decreased by together provide the credit-card and each will work seamlessly in every See TAXIS on Page 19 ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY

4 | Crain’s New York Business | September 21, 2015 20150921-NEWS--0005-NAT-CCI-CN_-- 9/18/2015 6:50 PM Page 1 IN THE S&P, so even if it erased all of its losses by year’s end, the S&P 500 MARKETS would still be down. by Aaron Elstein What does a down year in the stock market mean? Quite probably it will depress bonuses for the Wall Street crowd, Feeling down about the S&P 500 which could have some impact on the city’s and state’s tax collections. ’m not in the habit of predicting market directions, but I But the truth is that down years in will take a stand here and say the Standard & Poor’s 500 is the stock market are nothing un- usual, though it may seem that way Igoing to end the year down for the first time since 2008. because we haven’t had any since You might think I’ve lost my mind or I’m trying to morph into the Great Recession.

some kind of CNBC babble-head. (The former might be true, bloomberg news Perhaps it just means that after a but I deny the latter.) But if you look at the mechanics of the brutal financial crisis followed by could represent a buying opportu- $45 a barrel, and Goldman Sachs re- extraordinary rescue measures, the S&P 500, which is where many of us stash a healthy slug of our nity? It might indeed, but the price cently warned it could fall to $20.In markets are finally reverting to the retirement savings via index funds, you’ll see what I mean. of crude oil has settled at around any case, energy is only 7% of the mean. Ⅲ

Let’s start by recognizing that the S&P 500 was down only 4.4% for the year as of midday Friday— and markets have been known to rally by that much in two days. But if you look closely at how the S&P works, you start seeing why 4.4% is Give employees such a tough hill to climb and why the Federal Reserve’s decision last week to leave interest rates alone makes the ascent even harder. the duck. The S&P 500, which covers about 80% of the U.S.stock market’s total value, consists of 10 individual sectors. Their representation—or weight—in the index rises and falls Anything else along with the market values of their member companies. Fun fact: Apple alone represents 4% of the S&P 500, more than all is just chicken. the utility companies in the index put together. Thanks in no small part to Apple, information- 70 percent of employees say technology stocks make up 20% of the S&P, the most of any sector. they’d likely purchase voluntary Financials come in second, at more insurance if it were offered by than 16%, and health care at 15%. Now, to erase the S&P’s 4.4% their employers.1 shortfall, the smart folks at broker- Convergex Group age firm figured out The question is, who will you choose? last week that the IT sector would have to rally by 22% if all the sectors remain unchanged. That’s a lot to Why not offer coverage from Afl ac, the No. 1 provider ask of even Apple and its ilk,consid- of worksite/voluntary insurance sales for 14 consecutive ering there are only about 70 trad- years?2 And only Afl ac offers One Day PaySM, which allows ing days left this year. Could financials provide a lift? your employees’ claims to get paid in just a day when they Doubtful.They would have to rally submit online.* by 27% if nothing else changed. JPMorgan Chase Bank Shares in and There’s no direct cost to you for offering Afl ac, and getting of America got dinged last week because the Fed’s decision to delay started is as simple as adding a payroll deduction. That’s any rate increase means the spread why small business owners like you have chosen Afl ac for between the cost of borrowing 60 years. It’s also why we’re so confi dent Afl ac is the right funds and lending them out at solution for your business. higher rates—the source of most banks’ profits—will remain small for some time. You can bet the farm on it. How about the energy sector, which is down 19% this year and Call your local agent and visit afl ac.com/smallbiz istockphoto 12015 Afl ac WorkForces Report, a study conducted by Research Now on behalf of Afl ac, January 20 - February 10, 2015. Includes somewhat, very and extremely likely; of those employees who THE NUMBER OF are not currently offered voluntary insurance benefi ts by their employers. 2Eastbridge Consulting Group, U.S. Worksite/Voluntary Sales Report. Carrier Results for 2002-2015, Avon, CT. *One YEARS for which Day PaySM available for most properly documented, individual claims submitted online through Afl ac SmartClaim® by 3 PM ET. Afl ac SmartClaim® not available on the following: Short-Term 5,000 interest rates can Disability (excluding Accident and Sickness Riders), Life, Vision, Dental, Medicare Supplement, Long-Term Care/Home Health Care, Afl ac Plus Rider and Group policies. Processing time is based on business days after all required documentation needed to render a decision is received and no further validation and/or research is required. Individual Company Statistic, 2015. Individual be calculated. Back in 3000 B.C., coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, individual coverage is underwritten by American Family Life Assurance interest rates were 20%, according to a Company of New York. Worldwide Headquarters | 1932 Wynnton Road | Columbus, GA 31999 report last week from Bank of America Z150004R 7/15 that observed current rates are the lowest in recorded history.

September 21, 2015 | Crain’s New York Business | 5 20150921-NEWS--0006-NAT-CCI-CN_-- 9/18/2015 6:48 PM Page 1

EAST NEW YORK will get a spruce-up and THE new housing, but locals fear being priced out. there due to rent increases in other neighborhoods.But the yuppies will INSIDER not be setting up shop there anytime by Andrew J. Hawkins and Erik Engquist soon.” Others made ugly insinuations about the neighborhood’s current residents. Signs of trouble as city unveils plan “The poor residents will soon learn how easy it is to beat and rob to revive struggling Brooklyn ’hood the newer middle-class residents,” sneered one reader using the f the response to a Crain’s editorial on Mayor Bill de moniker Native New Yorker. Blasio’s plan to rezone East New York is any indication, a Although Crain’s cheered the de Blasio administration’s proposal, Iheated debate about gentrification is about to ensue. the city agency that crafted it took The editorial supported the mayor’s proposal to add issue with the editorial’s characteri- housing and improve conditions in the far-flung Brooklyn zation of the proposal. Carl Weisbrod, neighborhood with a reputation for crime and poverty. chairman of the city’s Planning Commission, said the goal wasn’t to “Instead of relocating poor people to wealthy neighborhoods, gentrify East New York but to up- attract wealthier people to poor ones,” the editorial stated.“This buck ennis zone the neighborhood while pro- is a more far-reaching and sustainable approach than using tecting longtime residents. In a let- Madden, an assistant professor of so- idated and dangerous. ter (which also appears in full on housing lotteries to relocate a few families from destitute areas ciology at the London School of In the first of those camps, East Page 8),he seemed to equate gentri- into luxury buildings.” Economics and Political Science. New York’s Manuel Burgos, CEO of fication with displacement. Respondents to the piece, which By the Numbers Consulting, which “Some would suggest that com- But locals immediately raised per’s assertion that an influx of peo- was headlined “Gentrify East New provides services to the affordable- munities like East New York that concerns that the rezoning would ple with more disposable income York,” argued about whether the housing industry, said the editorial have long suffered from lack of in- attract wealthier folks and price out would be good for those already plan would displace longtime resi- left him “deeply concerned.” vestment can only be ignored or— poorer residents. there. dents, with some readers saying “The city’s plan to ‘spruce up as [the editorial] seems to imply— At the same time, academics and “All of the illusions and omis- middle-class people would not East New York’s parks, streetscape, replaced. On the contrary, the de advocates engaged in a furious de- sions of liberal urbanism distilled move to an area distant from Man- schools, transportation,’ only Blasio administration’s commit- bate on Twitter about the newspa into one editorial,” tweeted David hattan that they perceive to be dilap- brings the long-overdue planned ment is to invest in these neighbor- rezone area on a par with other hoods in a way that benefits their parts of the city, something that residents today and into the future.” would be evident to the editors of It was not immediately clear Crain’s simply by driving down one which part of the editorial Mr. Wednesdays at 8pm of the pothole-filled streets or by Weisbrod interpreted as calling for visiting one of the local schools East New York to be replaced, but whose playgrounds are jam-packed it was clear enough that gentrifica- with trailers because of overcrowd- tion is a touchy subject around City ing,”Mr.Burgos,a lifelong resident Hall. of East New York, wrote to the Administration officials have newspaper (see Page 8). sought to ease fears by emphasizing Profiles of The editorial called on the de that the city’s plan will help current Blasio administration, which will residents of East New York remain begin the public review of there. It includes man- its plan Sept. 21, to “let dates for ample afford- the market work its mag- able housing and heavy Entrepreneurs ic” in East New York. “As subsidies to support it,as more people with dispos- well as legal assistance able income settle in East for tenants whose land- New York, which has a lords try to push them in the subway line and Long Is- out illegally. Those in land Rail Road station, rent-regulated apart- the city’s entrepreneurial ments will continue to buck ennis community will imbue it Carl Weisbrod enjoy their protection. with restaurants, shops And there is some local and other amenities,” preference in the hous- 5 boroughs Crain’s wrote. ing lotteries that will be held for the Mr. Burgos didn’t buy it. new affordable units. “ ‘Market magic’ doesn’t address But there is no guarantee for All new episodes starting October 7th the thousands of residents who will residents not in rent-regulated undoubtedly be pushed out of the units. Even with housing lotteries area because of rising rents and es- weighted to favor locals, the odds calating home purchase prices,” he will likely be against them winning Presented by wrote. “These are my hardworking a subsidized apartment. Landlords neighbors, many of whom stuck it are under no obligation to renew NEW out through the long period of dis- tenants’ leases. And speculators investment, high crime and perva- began bidding up property prices in sive unemployment.” the neighborhood months ago. YORK But others who commented on Mr. Burgos said he has been the editorial were doubtful the city working with small businesses,non- STORIES could make the area attractive to profits, tenant groups and clergy on Hosted by Publisher Jill Kaplan gentrifiers. an alternative proposal, vetted by “Gentrifying East New York is Pratt Institute, the Association for easier said then done,” wrote Lady- Neighborhood and Housing Devel- Lucky17.“I could see more middle- opment and the Urban Justice Cen- class people moving to East New ter, “that fills in the many gaps of York because they’re forced to live [Mr. de Blasio’s] plan.” Ⅲ

Crains New York QUOTE OF THE WEEK: ‘With crime so historically low already, this decrease is @crainsnewyork nothing short of miraculous’ —Citizens Crime Commission President Richard Aborn, on the city’s 5.6% drop in major crimes in fiscal 2015

6 | Crain’s New York Business | September 21, 2015 20150921-NEWS--0007-NAT-CCI-CN_-- 9/18/2015 3:44 PM Page 1

REAL ESTATE

advantage of our Class A assets and expanding our luxury multifamily REIT plans to holdings,” said Mitch Rudin, Mack-Cali’s chief executive, in a statement. Mack-Cali wouldn’t LEAVING TOWN: Mack-Cali Realty comment further. unload NYC asset Prices for office buildings in low- Corp. said it will sell its only city property, er Manhattan have risen sharply in a downtown s part of a sweeping restructuring, real estate investment trust recent years as more tenants, partic- commercial condo. Mack-Cali Realty Corp. plans to sell its only New York City ularly creative firms, have flocked property—a commercial condominium at 125 Broad St. in low- downtown. Although Mack-Cali er Manhattan. purchased the condo unit near the Mack-Cali announced that it plans to focus on investing in peak of the last real estate boom, it Awaterfront office and residential properties, as well as buildings near transit expects to make at least $300 mil- hubs. As part of that announcement, the Edison, N.J.-based REIT revealed lion from the sale. it will sell $600 million to $800 million worth of properties to fund new ac- The company stated that it will quisitions. It also plans to use the proceeds to finance capital upgrades of its hire brokers to help it dispose of the existing buildings. properties it chooses to sell.Accord- ing to Mack-Cali, it currently owns Mack-Cali aims to eliminate its 525,000-square-foot condo con- 29.7 million square feet of office real estate holding in the city as part sists of floors two to 16 at 125 Broad space and 19 multifamily rental of its divestitures, according to a re- St.—a 40-story,1.3 million-square- buildings in the Northeast, with a cently released 8-K filing.The pub- foot office tower. total of about 5,700 units and the licly traded REIT purchased the “Our team is committed to un- development rights to build 10,000 condo unit in 2007 for $273 million locking value for our stakeholders more residential units. from SL Green Realty Corp. The by refocusing the company to take —daniel geiger

LES megaproject The group recently broke ground on feet of office space and about two of the nine buildings—145 600,000 square feet of retail. gets a gym Clinton St. and 115 Delancey St.— One eye-catching feature of the and plans to finish the pair in 2017. development will be an under- Discount gym Planet Fitness will be In recent months, the Prusik Group ground retail mall that will run be- joining a movie theater and medical has arranged for Regal Cinema to low 115 Delancey St. and two facility at the nine-building, mixed- take 65,000 square feet at 115 neighboring properties. It is cur- use Essex Crossing development, Delancey St. And a few weeks ago, rently being constructed. now rising on the Lower East Side NYU Langone Medical Center —daniel geiger on the former Seward Park urban announced it will open a facility at renewal site near the Williamsburg Essex Crossing. Bridge. “These were the retailers that we Swedish brand is The low-cost fitness chain has promised to the community,and we new kid on block agreed to take the entire second have been working aggressively to floor of 145 Clinton St., a 15-story fulfill our obligations to fill those A new kidswear brand is joining the building that will have 211 rental spaces first,” Mr. Katz said. flock in TriBeCa. units and 70,000 square feet of retail Next up is a supermarket. Mr. Livly, a high-end line of chil- PUBLIC FACTORY, located space on its first, second and base- Katz said the developers plan to dren’s clothing based in Sweden,has next to the SoHo Grand ment levels. The asking rent for the lease 145 Clinton St.’s basement, a signed a 10-year deal for 1,500 Hotel, is a joint working second floor, which totals about 30,000-square-foot space, to a gro- square feet of ground-floor space at space for up-and-coming 22,000 square feet,is about $100 per cer. Trader Joe’s is among the com- 108 Reade St., between West Broad- fashion designers.

square foot. panies the developers are speaking way and Church Street.It will be the coletta ronde “Planet Fitness [offers] a $10 with. brand’s first store and flagship in the monthly membership fee that In the fall, the developers will U.S. The asking rent was $150 a man who represented the brand in are simply too short-term in nature. makes it accessible to everyone, break ground on two more build- square foot. the transaction. His private-clothier label will move which was very important to us,” ings, one on the corner of Delancey Opening before the end of the —adrianne pasquarelli into the Public Factory space at 310 said S. Andrew Katz, a principal at and Clinton streets, and the other year, Livly will join a growing num- W. Broadway when it opens. the Prusik Group,which is a minor- on the corner of Broome and Lud- ber of kids-focused businesses on At Public Factory, the labels will ity partner in the $1 billion-plus de- low streets.Those buildings,and the the same street, including French A WeWork for share 3,300 square feet. Similar to a velopment and oversees the leasing two already under construction, brand Jacadi, Miss Rachel’s Ballet upstart designers shared co-working space such as of retail space.“There are gyms that make up the first phase of Essex School and Reade Street Prep. WeWork (where Mr. Aksas and his charge $250 a month for member- Crossing.The developers will begin “This block was a very sleepy tex- One entrepreneur is setting out to four co-workers headquarter their ship, but those don’t fit the commu- the second phase, which includes tile block, and now it’s blossoming help new designers who are eager to company at 222 Broadway, one of nity’s needs.” five buildings, in 2018. into this kids block,” said James open their own retail stores but are WeWork’s locations in the city), An alliance among BFC Part- The entire project is slated to be Famularo, senior director of retail less enthusiastic about having to members pay a monthly fee— ners, L+M Development Partners finished in 2021. When complete, leasing at Eastern Consolidated.He commit to long leases and pay ex- $3,000, in this case—for about 100 and Taconic Investment Partners— Essex Crossing will offer 1,000 res- represented landlord Reade Street pensive rents. square feet. Brands must commit to dubbed Delancey Street Associ- idential units, half of which will be Associates in the Livly transaction Earlier this year, Yazid Aksas three months. ates—is building Essex Crossing. affordable,as well as 250,000 square and received several requests from founded Public Factory,which leas- “We are the ones taking the coffee shops and juice bars for the es large spaces and subdivides them risks—we build the space and man- Reade Street space. for short-term rental to emerging age it, pay electricity and Internet PLANET FITNESS has TriBeCa’s population of families designers. Mr. Aksas’ first venture and those things designers don’t given a thumbs-up for has skyrocketed in recent years.The will open at 310 W. Broadway,between want to deal with,” said Mr. Aksas. a gym in the Essex Crossing development. number of children ages 19 and Grand and Canal streets, on Sept. “They just have to worry about the younger increased 246% between 22. It will house Mr. Aksas’ product and brand marketing.” 2000 and 2010,according to a recent menswear label,Beau,and the wares Mr. Aksas leases the retail space study conducted by Community of 11 other designers, with a focus from the SoHo Grand Hotel, which Board 1. on menswear. will offer an entrance to Public Fac- That trend is reflected in real es- “The terms and conditions to tory in addition to a street-side entry- tate prices. A decade ago, for exam- open your own store are so out of way. He has signed on for a 10-year ple, Mr. Famularo said asking rents whack compared to what most peo- deal for the property. A representa- in the area were about $75 a square ple can afford,” said Mr. Aksas, who tive from the SoHo Grand did not foot, half of what they are today. experienced the difficulties first- return a request for comment. “TriBeCa is known for families hand when he opened Beau two In the coming months, he plans and babies—if you walk up and years ago at 311 W. Broadway, not- to open a similar WeWork-like down the streets there, you see that ing that most landlords expect 10- space in SoHo for womenswear la- everything supports families,” said year leases and tenants also have to bels only, and already has about 25 Anita Grossberg, the Sroka World- contend with hefty construction brands on a wait-list, he said.

bloomberg news wide Team broker at Douglas Elli- costs. He added that pop-up stores —adrianne pasquarelli

September 21, 2015 | Crain’s New York Business | 7 20150921-NEWS--0008-NAT-CCI-CN_-- 9/18/2015 3:44 PM Page 1

OPINION CRAIN’S NEW YORK BUSINESS

They have issues editor in chief Rance Crain publisher, vp Jill R. Kaplan assistant to the publisher, he feud between Gov. Andrew Cuomo tried to one-up him by offering pre-K funding statewide, or Alexis Sinclair, 212-210-0701 and Mayor Bill de Blasio makes for good that he rejected the mayor’s proposal to fund the program EDITORIAL editor Jeremy Smerd headlines. It does not make for good with a tax hike on the wealthy. assistant managing editors Barbara Benson, Erik Engquist government. True, the governor has stymied and needled Mr. de Blasio web editor Amanda Fung The two politicians are either this year, but the diplomatic response would have been to say copy desk chief Steve Noveck art director Carolyn McClain unconcerned or oblivious, but their that while Mr. Cuomo has an entire state to run and a staff photographer Buck Ennis senior reporters Joe Anuta, Aaron Elstein, constituents are not. According to a decimated upstate economy to reconstruct, helping New Matthew Flamm, Daniel Geiger, Andrew J. Hawkins, Adrianne Pasquarelli Quinnipiac poll released last week, two out of three New York City would benefit those efforts by generating tax reporters Jonathan LaMantia, Caroline Lewis York state voters believe the governor and mayor are not revenue.That might have curtailed Mr. Cuomo’s bullying data reporter Gerald Schifman T web producer Peter D’Amato getting along, and among those voters, 78% believe that is without any negative fallout. columnist Greg David contributing editors Tom Acitelli, bad for the state.They are correct. The governor, for his part, ought not to gratuitously Theresa Agovino, Paul Bennett, Erik Ipsen, But get this: 61% of them say Mr. Cuomo is “winning” dismiss worthwhile Judith Messina, Cara S. Trager ADVERTISING the feud, while 9% say Mr. de Blasio is.They are wrong. No The childish feud proposals, as he did www.crainsnewyork.com/advertise with a brilliant and advertising director, Irene Bar-Am politician wins when his actions are bad for constituents. [email protected] or 212-210-0133 How did it come to this? Mr. Cuomo can be charming, between Cuomo indeed viable traffic- senior account managers Jill Bottomley Kunkes, Rob Pierce passionate and politically adept. But he can also be petty, reform plan that would account managers Zita Doktor, Jake Musiker, and de Blasio Stuart Smilowitz vindictive and aloof, and he subjected Mr. de Blasio to those largely fund the five- marketing coordinator LeAnn Richardson sales/events coordinator Tara Richmond, behaviors so often that in June the mayor abandoned must end year MTA capital 212-210-0282 [email protected] restraint and called him out. Mr. de Blasio believed he had budget. Instead, he and ONLINE nothing to lose, but it turns out he did: The governor has the mayor are bickering general manager Rosemary Maggiore, 212-210-0237 [email protected] hardly spoken to him since, and now has his Metropolitan in the media over how CUSTOM CONTENT Transportation Authority chief publicly insulting the mayor. much of the MTA’s director of custom content Patty Oppenheimer, 212-210-0711 Having worked for Mr. Cuomo in Washington and costs each should pay. It’s unproductive and unbecoming. [email protected] observed him for years, the mayor should have known better. The mayor should also try to appeal to a broader EVENTS constituency. Lots of New Yorkers are unmoved by pre-K, www.crainsnewyork.com/events Moreover, his claim that Mr. Cuomo had disappointed him director of conferences & events at every turn ignored the $300 million the governor allocated subsidized housing and stop-and-frisk reform. Unless Mr. Courtney Williams, 212-210-0257 [email protected] last year for the mayor’s prekindergarten expansion. It de Blasio improves his standing with the public and the manager of conferences & events shouldn’t have bothered Mr. de Blasio that the governor governor, he will find it difficult to accomplish his goals. Adrienne Yee AUDIENCE DEVELOPMENT director of audience & content partnership development Michael O’Connor 212-210-0738 [email protected] COMMENTS CRAIN’S 5BOROS www.5boros.com Irene Bar-Am, 212-210-0133 [email protected] SPECIAL PROJECTS Develop, don’t displace manager Alexis Sinclair, 212-210-0701 [email protected] CONSTERNATION and pervasive unemployment. specifically designed to protect cur- faced by many neighborhoods to- REPRINTS OVER GENTRIFICATION I am 100% for seeing my neigh- rent residents. day. Our plan aims to ensure an im- reprint account executive Krista Bora, borhood regain the investment it Some would suggest that com- proved, affordable, economically 212-210-0750 “Gentrify East New York” (Edito- had lost by the late 1970s. I am all munities like East New York that diverse and more livable East New PRODUCTION production and pre-press director rial, Sept. 14) has left me, a life- for drinking great coffee along one have long suffered from lack of York for longtime residents and Simone Pryce long resident and local business of rezoned roads, but I want to ex- investment can only be ignored newcomers. media services manager Nicole Spell owner (and Crain’s subscriber), perience that coffee not just with or—as Crain’s seems to imply— And that is our goal in all SUBSCRIPTION CUSTOMER SERVICE deeply concerned. the new faces that will call East replaced. On the contrary, the de neighborhoods—rich and poor www.crainsnewyork.com/subscribe The city’s plan to “spruce up New York home, but with the peo- Blasio administration’s commit- alike—where we are expanding [email protected] 877-824-9379 (in the U.S. and Canada). East New York’s parks, streetscape, ple who currently live here as well. ment is to invest in these neighbor- housing opportunities. $3.00 a copy for the print edition; or $99.95 one schools, transportation,” only Your opinion piece says nothing hoods in a way that benefits their —carl weisbrod year, $179.95 two years, for print subscriptions with brings the planned rezone area on a about that, nor does it give any residents today and into the future. Chairman digital access. long-overdue par with other parts inkling as to where these displaced East New York will be the first City Planning Commission TO CONTACT THE NEWSROOM: of the city, something that would residents will go. I’d rather main- beneficiary of our proposed manda- www.crainsnewyork.com/staff 685 Third Ave., New York, NY 10017-4024 be evident to the editors of Crain’s tain a naiveté that you just don’t tory inclusionary housing program, VICIOUS CYCLE phone: 212-210-0100 fax: 212-210-0799 simply by driving down one of the know rather than believe the edi- requiring that a substantial propor- Entire contents ©copyright 2015 Crain Communi- pothole-filled streets, or by visiting tors at Crain’s simply don’t care. tion of new housing be permanent- Generally, most passengers would cations Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP Inc., used under one of the local schools whose —manuel burgos ly affordable.The city will further choose a taxi if it were available, license agreement. playgrounds are jam-packed with By the Numbers Consulting add subsidies to ensure that the rather than wait for a black car. CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS trailers because of overcrowding. Services Corp. levels of affordability support the Too many taxis sitting idle in chairman Keith E. Crain Stating “let the market work its needs of East New York house- garages are causing a shortage of president Rance Crain magic” is trickle-down economics As Crain’s acknowledged in its editori- holds.The mayor has also commit- taxis, which creates a greater de- treasurer Mary Kay Crain Cindi Crain by any other name. “Market magic” al, the unprecedented East New ted over $30 million to anti- mand for car services, which trig- executive vp, operations William Morrow doesn’t address the plight of thou- York plan we have developed with harassment efforts in rezoning gers Uber’s surge pricing. executive vp, director of strategic sands of residents who will un- the community goes beyond zoning areas.This multipronged approach Taxi drivers switch to Uber be- operations Chris Crain doubtedly be pushed out of the area for more density and extends to will ensure that current residents cause of surge pricing.This creates executive vp, director of corporate operations K.C. Crain because of rising rents and escalat- parks, streetscape, transportation are the primary beneficiaries of new a further shortage of taxis and thus senior vp, group publisher David Klein ing home prices.These are my and a 1,000-seat school. Where housing and improved amenities. a greater demand for black cars, and vp/production, manufacturing David Kamis chief financial officer Thomas Stevens hardworking neighbors, many of Crain’s was wrong was in character- East New York is not immune again more surge pricing. chief information officer Anthony DiPonio whom stuck it out through the long izing this as an attempt to jump- to the rising rents, housing short- —michael simon founder G.D. Crain Jr. (1885-1973) period of disinvestment, high crime start gentrification. In fact, it is ages and displacement pressures The writer is a taxi-medallion owner. chairman Mrs. G.D. Crain Jr. (1911-1996) secretary Merrilee Crain (1942-2012) CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send columns of 475 words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number.

8 | Crain’s New York Business | September 21, 2015 20150921-NEWS--0009-NAT-CCI-CN_-- 9/18/2015 1:14 PM Page 1

DAVID BOLOTSKY Insurance (TDI) program, which New Yorkers need employees have used for off-the-job disability since 1950 and for preg- nancy since 1978. paid family leave The paid-leave bill would also modernize the TDI program—the critical support system for new etflix made major waves last month by offering em- mothers physically recovering from ployees up to a year of paid parental leave.Microsoft childbirth—which is currently frozen at the 1989 rate of $170 per and Adobe quickly announced similar expansions. week.This would mean a small cost This came on the heels of generous policies by tech shared between employees and em- giants such as Google, Facebook and Yahoo. ployers—one that would not be bur- As a business owner, I know generous benefits are a smart densome for businesses and is woe- N fully overdue. move. They allow companies to stay competitive by attracting In fact, we know that statewide and retaining the best and brightest. A more loyal, productive paid-family-leave programs do not hurt businesses. California was the workforce leads to a better bottom a proposed employee-funded sys- first state to implement it, in 2004. line.That’s why we’re proud to offer tem is gaining support across the Five years later, the majority of busi- paid leave at UncommonGoods. state. nesses reported that it had a positive But these expansions, while The Paid Family Leave Insur- or no effect on profitability, produc- positive, apply only to a fraction of ance Act would provide a modest tivity, employee turnover and workers. Part-time, hourly and 12 weeks of paid leave, funded by morale. contract workers at Netflix and small employee payroll deductions Paid leave should not just be a many other big tech companies do that start at just 45 cents and are company perk for the lucky few: not receive paid leave. Many small phased in over four years to a per- New York’s families and its econo- businesses here in New York and manent level of 88 cents a week. my are stronger when no one has to around the country cannot offer This would create an insurance fear that the birth of a child or extensive paid family leave, but fund from which workers could serious illness of a parent could their employees are equally in draw a significant portion of their mean financial ruin. need. pay while on leave. New York is the home of inno- All New Yorkers should have We already have the infrastruc- vation. Let’s extend that legacy to paid leave available to them for ture in place to do this, without any paid family leave that works for the major life moments we all go new administrative requirements. everyone. through—the arrival of a new Like the paid family leave in New child or the serious illness of a Jersey,Rhode Island and California, David Bolotsky is the founder and CEO loved one—whether or not their this system would also piggyback on of Brooklyn-based UncommonGoods, an employer can afford it.That’s why New York’s Temporary Disability online and catalog retailer.

THE NEW WALL STREET Fed ruling gives Profits seem strong ... $61.4 In billions

$27.6 $23.9 Wall St. a breather $20.9 $16.7$16.0 $7.7

he Federal Reserve Board’s decision to delay rais- -$13.3 ing interest rates gives Wall Street another reprieve -$42.6 before it enters a new world that will make it less ’08’07’06 ’09 ’11’10 ’12 ’14’13 profitable—possibly with big implications for Source: New York State comptroller New York. ... but it’s because interest costs are so low TWall Street’s health,so much better than experts feared when 2007 2014 the financial crisis struck in late 2008, is a product of 0% inter- Net interest $231.2 $6.5 est rates more than anything else. cost billion billion NOV Look at the chart of Wall Street 5 pretax profits. Before the crisis, the interest earned) was more than $230 RECENT OPERATIONS & DATA CENTER OF UNILEVER $20.9 billion earned in 2006 by se- billion. Last year, it was $6 billion. 110,000 SF MODERN OFFICES ON 8.1 ACRES curities firms was a record. But in For the record, that is a decline of I-95 Corridor near Stratford, Connecticut 2009, Wall Street firms managed 97%. Think how profitable your PROPERTY DESCRIPTION: three times that profit. How did business would be if one of your • Office Building / Data Center with 422 Parking they do it? They borrowed enor- biggest costs disappeared. Spaces in Trumbull Corporate Park. mous sums from the Federal Re- Something else has declined dra- • Fiber Optic Distribution. Multiple Back-up Systems; FM200 gas based-fire suppression system serve Board’s discount window at matically for Wall Street: its rev- (no water). 0% and invested the money in U.S. enue. The IBO calculates current • Additional 26,000 SF Penthouse Mechanical Room and updated Mechanicals for Elevators. government bonds. net operating revenue (all revenue • 55 Merritt Blvd. provides your company the It was pretty easy work—and minus all costs excluding interest) at assurance of Continuous Operation, Security and Redundancy for Catastrophic Backup risk-free. $22.4 billion.The figure for 2007? It use in the Medical, Military & Financial Industries. Yes,the bailout of the banks kept GREG DAVID was $231.2 billion, when adjusted BUSINESS OPPORTUNITY: Seller-financing with firms like Citigroup from failing, for inflation. 55 Merritt Blvd., Trumbull, CT 06611 37.5% cash down. Opportunity to control your Easy Freeway Access to I-95; I-84; CT-15 & Rt. 8 business environment at a fraction of replacement but it was the Fed’s policy that real- So when interest rates rise, Wall cost. Buy at an Auction Price! ly rescued them. money it uses. Street profits fall. Maybe the Fed PUBLISHED RESERVE PRICE: $4,985,000 ON-SITE INSPECTIONS: Thursdays, October, 8, 15, YOUR NEW HEADQUARTERS @ $45/SF 22, & 29. For appointment on these dates call: David Borrowing like that from the Fed The Independent Budget Office will go up only a bit, say to 2% or so, SELLER FINANCING @ 6.5% Lang, CT R.E. Sales-person, at Cell: 440-823-0616 or isn’t in vogue anymore, but Wall has come up with another way to il- and the damage will be contained. Gordon Greene, CT R.E. Broker at Cell: 330-327-5793. Former Operations & Data Ctr. for Unilever See Web-Site at Street is still the single biggest ben- lustrate how historically low interest But if interest rates rise a lot, Wall (UL on NYSE) available at fraction of recent valuation of $13,506,000 www.55merrittblvd.com eficiary of 0% interest. After all, it is rates have boosted the securities Street will face a crisis, jobs will be Closing in Escrow on or before December 16, 2015. the business that makes money from business. In 2007, Wall Street’s net cut and average pay (still quite high FOR BROCHURE & TERMS OF SALE , CALL: money, and borrows most of the interest cost (borrowing costs minus at about $360,000) will plummet. 860-904-5498 OR 216-839-2005 ChartwellAuctions.com CHARTWELL AUCTIONS • HANNA COMMERCIAL BROKERAGE 20150921-NEWS--0010,0011-NAT-CCI-CN_-- 9/18/2015 1:50 PM Page 1

LAW INSIDE The List New York area’s largest law firms PAGE 12 ‘Global M&A is always busy, but 2014 and now 2015 have been record years’ REPORT —John Reiss, global head of M&A at White & Case, Page 12 Preet vs. Albany TRIAL TRIAL where he described the alleged PENDING PENDING CONVICTED The U.S. attorney is schemes in graphic detail and hint- 2015 DEAN SKELOS (R) 2015 SHELDON SILVER (D) 2015 TOM LIBOUS (R) on the warpath. How ed of more indictments to come. Senate Assembly Senate “And so our unfinished fight Extortion,extortion, soliciting bribes Mail fraud, wire fraud, extortion Lying to federal agents two political bigwigs against public corruption contin- ues,” he told his audience. “You hope to beat him should stay tuned.” Mr. Skelos was indicted in May BY JUDITH MESSINA for extortion and soliciting bribes, having allegedly used his political U.S.Attorney Preet Bharara has won influence to help two companies nine out of 10 cases against a parade and, in the process, secure cash pay- of disgraced Albany lawmakers since ments and a virtual no-show job for taking the helm of the Southern Dis- his 33-year-old son, Adam, who is trict of New York in 2009, prevailing also under indictment. in three trials and garnering six guilty Mr. Silver is charged with fraud pleas.Now in his crosshairs are two of and extortion, accused of directing New York’s biggest political animals: state grants to a Columbia Universi- former Assembly Speaker Sheldon ty physician and researcher, and PLEADED Silver and former Senate Majority pushing legislation favorable to real CONVICTED GUILTY CONVICTED Leader Dean Skelos, estate developers in ex- 2014 MALCOLM SMITH (D) 2014 GABRIELLA ROSA (D) 2014 ERIC STEVENSON (D) whose trials are scheduled change for referral fees of Senate Assembly Assembly to begin in November. 90% nearly $4 million from law Bribery, extortion, conspiracy Marriage fraud Bribery Aggressive and media- CONVICTION firms. An eighth, money- RATE of Preet savvy, Mr. Bharara por- Bharara against laundering charge alleges trays himself as the white Albany politicians that Mr. Silver did favors knight cleaning up the since he took for an investor who allowed “cauldron of corruption”in office in 2009 him to hide financial gains Albany. Even in the case through investments. he lost, the defendant ended up be- Both men have asserted their in- hind bars. In 2011, a federal jury nocence and filed motions to dis- found William Boyland not guilty, miss the indictments. Mr. Silver’s but the Democratic assemblyman attorneys say that a “media blitz” by was convicted three years later, cour- the prosecutor has tainted the case. tesy of Mr.Bharara’s Eastern District “He didn’t commit a crime,” counterpart Loretta Lynch, who is Steven Molo, one of Mr. Silver’s now U.S. attorney general. attorneys, told Crain’s. “That’s the “Bharara is on the warpath,” said defense.” PLEADED PLEADED PLEADED James Cohen, a criminal-defense Judge Valerie Caproni has reject- GUILTY GUILTY GUILTY professor at Fordham University ed Mr. Silver’s motions, but also Law School. “He thinks the whole reprimanded Mr.Bharara for trying 2013 NELSON CASTRO (D) 2012 HIRAM MONSERRATE (D) 2012 CARL KRUGER (D) thing is a sewer, and he’s in a posi- Assembly Assembly Senate the case in the media, warning him False statements Conspiracy, mail fraud Bribery tion to make some change.” that he “strayed so close to the edge To do it, the prosecutor has used of the rules governing his own con- techniques perfected in fighting ter- duct”that Mr.Silver’s contention of rorists and organized crime, em- prejudice was “nonfrivolous.” ploying stings, wiretaps, video sur- To beat Preet,Mr.Silver’s lawyers veillance and undercover FBI agents are likely to rely in part on a 2010 U.S. to catch politicians in the act. He Supreme Court ruling—which they then uses his perch to wage a media have cited in motions—that reined campaign that generates momen- in the government and narrowed the tum and sets the stage for a trial or, scope of actions that can be deemed in the majority of cases,a guilty plea. bribery or extortion. Prosecutors He has used similar tactics to snare have to show that the lawmaker miscreants on Wall Street,where his knew the money was provided in ex- track record is even more impressive, change for performing an official act. winning more than 80 convictions Mr. Bharara did so last year, per- PLEADED and guilty pleas, although one of his suading a federal jury to convict De- GUILTY ACQUITTED*ACQUITTED* insider-trading victories was thrown mocratic Assemblyman Eric Steven- GUILTY out on appeal last year. son of taking $20,000 in bribes to 2012 NICHOLAS SPANO (R) 2011 WILLIAM BOYLAND (R) 2011 WILLIAM BOYLAND (D)(D) 2010 VINCENT LEIBELL (R) Former senator Despite the notches already on help businessmen build adult day- Former senator AssemblyAssembly Senate Tax evasion Honest servicesBribery fraud, conspiracy his belt, his crusade against Albany care centers in the South Bronx. Obstruction of justice, tax evasion may just be starting.Last January,af- “It doesn’t have to be an explicit *In 2014, Mr. Boyland was convicted in a jury trial on charges of bribery, extortion and fraud brought by Loretta Lynch, then the U.S. attorney for the Eastern District of New York. ter filing his initial complaint against agreement, but they have to show a Sources: Citizens Union; U.S. Attorney’s Office, Southern District; Crain's research Mr.Silver,he held a press conference relationship,”said Edward J.Loya Jr., photos: ap images, bloomberg news, newscom

10 | Crain’s New York Business | September 21, 2015 LISTEN to a discussion at CrainsNewYork.com/podcasts 20150921-NEWS--0010,0011-NAT-CCI-CN_-- 9/18/2015 1:45 PM Page 2

a counsel with Venable and a former ture, including the fact that legisla- that,” Mr. Bharara told a Crain’s guess is a plea before [the trials] or them at a “strategic disadvantage.” prosecutor in the Public Integrity tors convicted of a felony can still audience last year. maybe an adjournment and then a “They have to have a lot of brava- Section of the Justice Department. collect a pension if they took office In other words, it makes it easy plea,” said Fordham’s Mr. Cohen. do and use every legal argument,”said The Supreme Court’s reinterpre- before 2012. Since 2000, 14 have re- for lawmakers to disguise bribes as Mr. Molo vowed, “There will be Doug Muzzio,a Baruch College pro- tation worked for Mr.Skelos’imme- portedly continued to do so. Ar- legal income. no guilty plea.” fessor, podcaster and veteran observ- diate predecessor,former GOP Sen- guably at the top of his list is Albany’s In the meantime, the two pols’ er of the New York political scene. “I ate leader Joe Bruno. After he was lax outside employment rules,which What’s next lawyers’ fees are reportedly climbing. can’t wait to see the next steps.” found guilty in 2009 of mail fraud in allow lawmakers to hold jobs with- Similar arguments reportedly put Mr. Skelos has launched an online For Mr. Bharara, that might also connection with payments from an out having to disclose who their forth at trial by former state Sens. defense fund. Replete with an en- mean turning toward the biggest Albany businessman, Mr. Bruno got clients are. Indeed, the heart of his Thomas Libous and John Samp- dorsement from the executive direc- politician of all: Gov. Andrew Cuo- his conviction vacated on appeal. A case against Mr. Silver is the U.S. at- son—that clubby relationships with tor of the Association for a Better mo, whom he has criticized for dis- retrial last year on bribery charges torney’s contention that he was able lobbyists are all in a day’s work— Long Island, the website proclaims banding the Moreland Commission cleared him on all counts. to make money from outside work as went nowhere with juries.Both tried the innocence of Mr. Skelos and his on public corruption. Last week, “It’s not necessarily easy to prove a a result of his power in Albany. to cover up their actions,creating the son,reminds New Yorkers of the sen- word broke that Mr.Bharara is inves- quid pro quo,” said James Jacobs, a “Outside money and the way in impression that they knew it wasn’t ator’s 30-plus years of good works on tigating $1 billion in funding provid- professor at NYU Law School and which people can be associated with legal. Both were convicted. their behalf and berates the U.S. at- ed by the governor to help revive Buf- director of its Center for Research on outside firms makes it very difficult Some are betting Messrs. Silver torney for trying to inflict financial falo. It is among Mr. Cuomo’s most Crime and Justice. to figure out what they’re getting for and Skelos will forgo trials. “My hardship on the defendants and put prized accomplishments. Ⅲ Mr. Silver’s attorneys have argued that, at most, some of the allegations describe undisclosed conflicts of in- terest.The question is whether a jury will be sympathetic. “[ Juries] impute upon the defen- dant a higher standard when it’s a politician or a lawyer—they think they should know better,” said Natalia Arbelaez FOUNDER Edward Sapone, who represented BUSYBEES ex-Yonkers Councilwoman Sandy Annabi on appeal of her conviction for taking payments in exchange for supporting a real estate develop- ment.That case was brought by Mr. Bharara, whose jurisdiction in- cludes Westchester. Playing defense Criminal-law experts said Mr. Skelos and Mr. Silver are also likely to try to blunt the impact of witness- es’ testimony, especially those who have been granted nonprosecution agreements,arguing that their testi- mony is compromised by the prose- cutor’s deal. Those with nonprose- cution agreements include Dr. Getting serious Robert Taub,the medical researcher in Mr. Silver’s case who received state grants, and a development ex- ecutive, reportedly from Glenwood about play. Management, which allegedly con- cealed payments to Adam Skelos. In Dean Skelos’ case, where wiretaps caught conversations be- tween him, his son, the companies and other government officials, the defense might try to show that the Understanding words really meant something else or were taken out of context. To be convincing, however, those inter- what’s important. pretations need to be substantiated by other evidence. “It boils down to corroboration,” said Mr. Sapone. “A simple argu- ment won’t cut it.” Mr. Skelos might also try to earn A mom herself, Natalia was looking to create a unique space for kids that could be enjoyed year-round. She just needed a sympathy from the jury as having done it all for his son, portrayed in bank that believed in her. At M&T, we took a close look at her business plan, scope and long-term goals, and then found the the U.S. attorney’s complaint as fi- nancially dependent on his father. right loan to get her up and running and get youngsters through her doors. Our eagerness to help businesses like BusyBees is

“It’s not a legal defense, but it 1 may have some kind of human ap- why M&T is a top SBA lender in the nation and why we’ve been recognized by Greenwich Associates for excellence in small peal,” said Jennifer Rodgers, execu- business banking.2 To learn how M&T can help your business, visit mtb.com/businessbanking. tive director of Columbia Universi- ty’s Center for the Advancement of Public Integrity and a former feder- al prosecutor. Then there’s the Albany- business-as-usual defense. In their motion to dismiss, Mr. Silver’s attor- neys argued that Mr.Bharara brought the case because he objects to “long- standing features of New York state LENDING SOLUTIONS | MERCHANT SERVICES | TREASURY MANAGEMENT | DEPOSITORY SERVICES government that [he] finds distaste- ful,” but which are not illegal. 1According to statistics released by the U.S. Small Business Administration (SBA) for total approved loans through the SBA’s 7(a) lending program during the federal fiscal year ending 9/30/2014. Mr. Bharara has railed against 2Based on the 2014 Greenwich Excellence Awards in Small Business Banking. Albany’s “show me the money” cul- ©2015 M&T Bank. Member FDIC. Equal Housing Lender.

September 21, 2015 | Crain’s New York Business | 11 20150921-NEWS--0012,0013-NAT-CCI-CN_-- 9/18/2015 1:13 PM Page 1

NEXT WEEK: THE NY Area’s Largest Law Firms New York area’s largest accounting firms LIST Ranked by number of area lawyers THE SCOOP TRENDS Lethargic growth in the legal field Since the job market bottomed out in August 2009, total legal employment in NYC stagnated until it hit six-year highs this summer. Figures are in thousands: CRAIN’S TOP 25: usinesses are consolidating, and the law firms advising them are prospering. Near- 80 Still hiring 79.5 ly 20,000 M&A deals valued at $2.2 trillion were announced in the first half of 79 2015, a 40% increase from 2014 and just 4.3% shy of the 2007 pre-financial-crisis 78.2 figure, according to Thomson Reuters and The New York Times. 78 “Global M&A is always reasonably busy,even during the downturns,”said John +1.7% BReiss, global head of mergers and acquisitions at White & Case (No. 16 on Crain’s list).“But 2014 INCREASE in NY 77 and now 2015 have been record years.” area lawyers from 76 Last year,White & Case advised on 119 announced deals with a combined value of more the 2014 to than $248 billion. This year is proving to be twice as busy, with the firm nearly matching 75 2015 editions of Aug. 2009 July 2015 its output from 2014 in the first half of 2015. According to Thomson Reuters, White & Crain’s list Source: NYS Department of Labor Case worked on 111 deals worth $232 billion in the first six months of the year. It advised on Anthem’s pending $52.4 billion purchase of Cigna; Charter Communications’ proposed Popular practices Merger earners $78.7 billion acquisition of Time Warner Cable; and CVS’ $12.9 billion purchase of 2015 data from Crain's top 25: Totals for the first half of 2015. Nine of the top 10 Omnicare. The magnitude of these deals is allowing law firms to bring on more M&A are on Crain’s list: specialists. Corporate and securities Value of M&A deals (billions) 25 “We are very well equipped to handle all the M&A business as it comes in, but we are very Litigation Skadden 25 $433 much growing at the same time because of the dynamic nature of the M&A market,”Mr.Reiss Real estate 25 Cravath Swaine & Moore said. “We’re growing both at the partner level and the associate level so that we can continue Banking and commerce $370 24 Latham & Watkins to provide great service to clients.” Bankruptcy Of the 25 firms on Crain’s list, those most heavily involved in M&A are Skadden Arps Slate 24 $350 Executive compensation/benefits Davis Polk & Wardwell Meagher & Flom and Affiliates (No. 2), Cravath Swaine & Moore (No. 8) and Latham & Watkins (No. 24 Intellectual property $349 13). Unsurprisingly, these were among the firms with the largest percentage growth in their 24 Sullivan & Cromwell total number of New York-area lawyers.There are trickle-down effects for practices doing ex- Tax $339 24 Wachtell Lipton Rosen & Katz tensive work in M&A, as lawyers in other areas such as tax, antitrust and litigation are needed Other areas 23 $305 to help close these huge deals. Trusts and estates Freshfields Bruckhaus Deringer 22 $247 “Practice areas that support the M&A team are experiencing tremendous demand for their Health care Fried Frank Harris Shriver & Jacobson 17 White & Case services,” said Steven Epstein, co-head of ’s (No. 19) merg- Labor and employment $232 ers and acquisitions practice, which handled $181 billion in deals in the first half of this year. 17 Kirkland & Ellis Entertainment “There is a very real sense of positive energy throughout the firm. It’s a good time to be an 11 $211 M&A lawyer.” 0 5 10 15 20 25 0 100 200 300 400 500 —gerald schifman Source: Crain's research Sources: Thomson Reuters, The New York Times

2015 lawyer breakdown, by practice area2

2015 lawyer breakdown2 NY area Firmwide 2 5 lawyers 4 lawyers NY area 20152/ 20152/ personnel6/ Rank Firm/senior partner(s) in New York1 20143 Partners Associates Of counsel Banking/commerceBankruptcyCorporate/securitiesEntertainmentExec. comp./benefitsHealth careIntell. prop./newLabor/employment mediaLitigation Real estateTax Trusts/estatesOther 20143 paralegals4 &3QC07AII'A8BAE60@3HPFE3HHAIFE     &'(    )) *       ) ))    ! "#$ %#"@ (B3667EHGI(C3P7$739@7HCFD3E6    )    * &'( 8VCA3P7I   * &'(  + ! ,-    .((& ! "/0  "/1$2#3 3RAI&FCB03H6S7CC   )     ) *  0 &4 &     )   (  . ! 5672#B 1/$ (ADGIFE)@35@7H3HPC7PP          ) *  0 &4 &         ! &  - ! 8/66/#2  7D961"CH C73HTFPPCA74(P77E 3DACPFE    )     * &'(  0 A- : 3;    *) &'(  -:4  A ! #"51$$H (QCCAR3EHFDS7CC ) $%        &'(  !- (     ) &'(   - ! ! 7B1@6  %61351" 07ACFPI@3C$3E97I %       * *  < =      *     ! #""H 876> H3R3P@(S3AE7$FFH7 %      *  $ 4        -  !  6613 #"51" 747RFAI7&CADGPFE % )        &'( )) + -(   ))   &'( (A  ! /06#16 86#/" (A6C7TQIPAE %&% )      *)   &    )  *    (: ! /06#16%062/$C?1"91" 0ACCBA73HH3CC39@7H %&' ) )       )  &         .  ! 5672#B1"#?/37*  %C1E13  #"C31" "AHBC3E6CCAI  %'   &'(          *   0 &4 &     *   . -.&( ! #H1>57F/CI #3P@3D03PBAEI &%         *   + -(   )  *    ! /06P61@13I1" $AC43EB)S776 36C7T$5CFT &               )   0 A- :        ! A&. ! %07CC  $162#3 &HFIB3Q7H &%  )        + ! ,-  )) )    - .- ! 7B1@6  1001B1

12 | Crain’s New York Business | September 21, 2015 20150921-NEWS--0012,0013-NAT-CCI-CN_-- 9/18/2015 1:13 PM Page 2

2015 lawyer breakdown, by practice area2

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September 21, 2015 | Crain’s New York Business | 13 20150921-NEWS--0014-NAT-CCI-CN_-- 9/18/2015 1:12 PM Page 1

IN THE BOROUGHS BRONX

placing old trucks it’s more business for us,” said Barry Milea, the com- Hunts Point trucks pany’s president, who sent out his sales staff to make the pitch. It Continued from Page 4 neighborhoods,” said Rafael Sala- BLUE RIBBON’S worked. To date, he has turned in city’s Department of Transportation. manca, the district manager for Warren Kremin called more than 150 older trucks and split “Residents said they already had too Bronx Community Board 2 in Hunts the case for newer, the rebates with his leaseholders,for cleaner-running trucks many trucks.” Point and a former asthma sufferer. a “no-brainer.” whom his company does the volu- In the end, plans for more than a Such progress rarely comes to the minous paperwork that comes with dozen projects were drawn up by a area, which is known for its swaths any federal program. task force to soft- of treeless blocks filled with win- en the blow by dowless, single-story buildings. It is Careful monitoring 2.2 improving envi- a place where the city’s bustling new All new trucks the program has HUNTS POINT ronmental con- wholesale fish market is separated subsidized must have tracking de- area in square miles ditions in the from New York’s 800-bed jail barge vices that the DOT can monitor to low-income by thickets of razor wire, and where make sure that the vehicles comply area, where asth- a floating pool is moored on the with rules requiring that 70% of 15K ma rates stand at edge of a new park—close to a huge their routes are in the tristate area, TRUCKS three times the sewage treatment plant and several including at least two trips a week to entering/leaving national average, garbage transfer stations. Hunts Point.To date, careful track- daily fueled in part by All told, industry takes up more ing of those devices has helped all the trucks that than 20% of Hunts Point’s 2.2 achieve a compliance rate of more 470 rumble down the square miles, compared with less than 90%. OLD TRUCKS local streets. than 4% in the Bronx as a whole. erik ipsen What also helped win over users, replaced, as of Improve- That leaves around 12% of the land though, was an uncommonly well- Aug. 31 ments included for the neighborhood’s 52,246 resi- ports—Los Angeles and Long bates of as much as $70,000 for a oiled federal program able to pump new parks, des- dents (as of 2010). Beach, among them. But there, au- new alternative-fuel vehicle, or out rebate checks in a relatively ignated truck routes and an unusu- Despite the scale of the chal- thorities made the retirement of old- $43,000 for a new diesel, as Mr. lightning-fast 30 to 60 days. al project called the Hunts Point lenge posed by such a large indus- er, dirtier rigs mandatory. Kremin did two years ago when he Mr. Milea and others insist that Clean Trucks Program (CTP).The trial base, CTP has not only In the Bronx, the program has bought an Isuzu.“Why wouldn’t I?” in addition to the money to be plan was designed specifically achieved major cuts in air pollution, offered rebates to owners of old he asked. “I can save money and do made, something else clicked with to curtail emissions by replacing but also has done so on a modest trucks for scrapping them in favor of better for the environment.” many business owners in the indus- older, dirtier diesel trucks with budget—and on a strictly voluntary cleaner-burning engines—a strate- In Hunts Point, where roughly trial heart of the Bronx: an environ- newer, cleaner-running diesel and basis. “New Yorkers are really gy that in the end awakened a sur- half the trucks are leased rather than mental awareness that makes in- alternative-energy models, includ- tough, so it took a lot more time to prising ecological awareness as well owned by the operators, the creasing sense for companies in the ing hybrids and some powered by persuade them [to join the pro- as good-old avarice. “We couldn’t program initially struggled to gain food game. After all, it is one compressed natural gas. gram],” said Eddie Huang, who just talk to them [truck owners],” traction. But it did not take long for where terms such as “organic,”“sus- Now, nearly four years and $20 manages CTP from his desk at said Mr. Huang. “We had to show outfits like Milea Truck Sales Corp., tainable” and “farm-to-table” have million in federal funds since it be- California-based Tetra Tech Inc. them the benefits.” which stands in the shadow of the gained in power in recent years, as gan, CTP is winding down, having The case for newer trucks be- elevated Sheridan Expressway, to awareness has grown of the toll that slashed emissions of elements such Rebate plan came what Warren Kremin, vice sort out that the government’s re- climate change can take on the food as nitric oxide by 90%. As the program’s creator,the city’s president of sales at wholesaler Blue bates added up to a potential wind- supply. “It’s awesome to know you can DOT tapped Tetra Tech because it Ribbon Fish, calls a “no-brainer.” In fall in two ways. “Yeah, this is a tough industrial take old trucks off our streets and get had achieved great results with simi- return for junking their older trucks, “We can get rid of a lot of pollu- area,but we’re the food basket of the those diesel emissions out of our lar pushes in the nation’s largest business owners could qualify for re- tion for our community, and by re- city,” said Mr. Milea. Ⅲ

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14 | Crain’s New York Business | September 21, 2015 OFF-SITE SUCCESS events | expos | entertainment Word Whisperers

The Growing Trend in Corporate Event Planning for Executive Ghostwriting

Public speaking has long ranked as writing styles and industries, make sure you the #1 most common fear in America– feel confident that the style and voice in topping death, disease, heights and their writing samples is an appropriate fit with your industry and your personal com- bugs.* While most executives don’t fort zone. suffer from actual glossophobia, the term for crippling speech anxiety, AGREEMENT ON FORM, CONTENT AND the majority will tell you that public TAKEAWAY speaking is one of their most chal- More than likely, your ghostwriter will show up lenging responsibilities. Executives to your first phone conference or in-person express concern not just with the meeting equipped with a detailed ques- successful delivery of a speech, but tionnaire. Their goal in doing this is twofold: to get to know you and to gather as much also with the development of information as they can about your project. compelling content. From the get-go, you’ll want to establish due dates, in order to build a production schedule; In today’s world, where speeches and talks and provide information about the purpose of live on in perpetuity on social media, it is your speech or commentary, such as where it more important than ever to communicate is to be given or posted and who the intended effectively. One way to virtually guarantee audience is. You’ll also want to discuss with motivational words and a compelling deliv- your ghostwriter any mandatory points that ery is to hire an executive ghostwriter. need to be in the outline and ultimately what “Ninety percent of how well a talk will go you want your audience to take away from is determined long before the speaker your speech or talk. steps to the podium”  SomersWhite, speaking professional and LENGTH, TONE AND DELIVERY management consultant To ensure that your presentation is still One of the big trends we are seeing in you, only better, make sure that your word 2015-2016 is the use of ghostwriters by the whisperer understands your personal style C-level executives. These word whisperers and language. Let him or her know things, help executives strengthen their voice across such as: your signature phrases, how likely a variety of forums such as blogs, annual you are to use data to illustrate points, and reports, conference panels, event presenta- how comfortable you are working with AV tions and even toasts. equipment to enhance your talk.

A successful collaboration The ghostwriter will then between an executive and “ It usually takes begin to design a presenta- his or her professional scribe tion and offer you a first draft revolves around three simple more than three for review. Keep in mind it principles: shared vision, weeks to prepare may take several revisions agreement on content and an impromptu to arrive at a presentation takeaway, and agreement on speech.” or script that satisfies all of length, tone and delivery. your needs. Once your script MarkTwain is final and on paper, it’s time View the digital edition at SHARED VISION to work on delivery. A good OFF-SITE crainsnewyork.com Working with a ghostwriter is a collabora- ghostwriter offers coaching tion. The ghostwriter’s job is to effectively as a part of their service so that the words SUCCESS capture your goals, vision, style and per- put into your mouth are delivered with sonality. For these reasons, most ghost- confidence and authority. writers are brought in at the beginning of So if you’re concerned about an upcoming For more information contact the speech-writing process to assist with speech or presentation, don’t be afraid to research, help organize thoughts and then, hire your own personal Cyrano to help clarify Stu Smilowitz at 212.210.0736 finally, to co-write the speech or presenta- your thoughts and commit them to paper in tion. However they can also be brought into a way that is informative and entertaining. [email protected] the process a little later, after you’ve already A good speech or presentation changes outlined your presentation, to help stream- the way people think. It can offer a new line and edit. Before hiring someone, you’ll perspective and become a powerful force want to interview several candidates, review to inform, motivate and entertain. their portfolios and check their references and contacts. Although most journalistic *Source:BookofLists,ChapmanUniversityStudy writers can adapt to a broad spectrum of onAmericanFears2014 NEXT EDITION OCTOBER 12/2015

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NY Sec. of State designated agent upon whom process may process against it may be served and designated agent of LLC upon whom be served and shall mail copy of process shall mail process to: c/o CT Corporation process against it may be served and against LLC to principal business System, 111 8th Ave., NY, NY 10011, shall mail process to: c/o CT Corporation address: 7 Mott Street, Suite 600, New regd. agent upon whom process may System, 111 8th Ave., NY, NY 10011, CITY OF NEW YORK York, NY 10013. Purpose: any lawful act. be served. DE addr. of LLC: 1209 regd. agent upon whom process may BILL DE BLASIO, MAYOR Orange St., Wilmington, DE 19801. be served. DE addr. of LLC: The Corporation STACEY CUMBERBATCH Notice of Formation of 120 Union Cert. of Form. filed with DE Sec. of Trust Co., 1209 Orange St., Wilmington, Commissioner, Citywide Administrative Services Developer LLC. Arts. of Org. filed with State, 401 Federal St., Dover, DE DE 19801. Cert. of Form. filed with DE Secy. of State of NY (SSNY) on 08/14/15. 19901. Purpose: all lawful purposes. Sec. of State, 401 Federal St., Dover, PUBLIC AUCTION RICARDO E. MORALES Deputy Commissioner, Office location: NY County. SSNY DE 19901. Purpose: all lawful purposes. Asset Management designated as agent of LLC upon whom Notice of Qualification of Hedge Fund process against it may be served. SSNY Select: Perry LLC. Authority filed with Notice of Qualification of Falconhead shall mail process to: The LLC, c/o NY Dept. of State on 7/10/15. Office Holdings Manager, LLC. Authority filed Adam America Real Estate, 850 Third Ave., location: NY County. LLC formed in DE with NY Dept. of State on 8/12/15. Office ADVERTISING PUBLIC & Ste. 13D, New York, NY 10022, Attn: on 6/4/15. NY Sec. of State designated location: NY County. LLC formed in DE on Omri Sachs. Purpose: any lawful activities. agent of LLC upon whom process 8/5/15. NY Sec. of State designated LEGAL NOTICES against it may be served and shall mail agent of LLC upon whom process DENISE DENISE LLC, Arts. of Org. process to the principal business against it may be served and shall mail Notice of Formation of Almine Rech filed with the SSNY on 05/13/2015. address: 200 West St., NY, NY 10282. process to: 645 Madison Ave., 9th Fl., NY, Invest LLC. Arts. of Org. filed with Office loc: NY County. SSNY has been DE address of LLC: 1209 Orange St., NY 10022, principal business address. SSNY on 8/19/15. Office location: NY designated as agent upon whom Wilmington, DE 19801. Cert. of Form. DE address of LLC: c/o The Corporation County. SSNY designated as agent process against the LLC may be served. filed with DE Sec. of State, P.O. Box Trust Co., 1209 Orange St., Wilmington, for process & shall mail to: 233 SSNY shall mail process to: Donald 898, Dover, DE 19903. Purpose: all DE 19801. Cert. of Form. filed with DE Broadway, Ste. 2208, NY NY 10279. S. Zakarin, ESQ., Pryor Cashman lawful purposes. Sec. of State, 401 Federal St., Dover, Purpose: Any lawful activity. LLP, 7 Times Square, NY, NY 10036. DE 19901. Purpose: all lawful purposes. Purpose: Any Lawful Purpose. Notice of Formation of iLaser Vision Notice of Formation of 462 FIFTH Ophthalmology, PLLC. Arts. of Org. filed JASH CPW LLC. App. for Auth. filed AVENUE LLC Arts. of Org. filed with Notice of Qualification of CAPE POGE with Secy. of State of NY (SSNY) on with the SSNY on 06/08/15. Originally EVENT Secy. of State of NY (SSNY) on 08/13/15. MACRO FUND L.P. Appl. for Auth. filed 08/05/15. Office location: NY County. filed with Secretary of State of Florida Office location: NY County. SSNY with Secy. of State of NY (SSNY) on SSNY designated as agent of LLC upon 06/02/15. Office: New York County. SSNY designated as agent of LLC upon whom 08/12/15. Office location: NY County. LP whom process against it may be served. designated as agent of the LLC upon “What is the Future Human Rights” process against it may be served. SSNY formed in Delaware (DE) on 07/29/15. SSNY shall mail process to: 160 East whom process against it may be served. featuring Aryeh Neier, Gay McDougall shall mail process to c/o JEMB Realty Princ. office of LP: 900 Third Ave., Ste. 56 St., Ste. 900, NY, NY 10022. SSNY shall mail copy of process to the and Martina Vandenberg. Corporation, 150 Broadway, Ste. 800, NY, #201-9, NY, NY 10022. SSNY designated as Purpose: to practice the profession LLC, c/o Jodi Tartell, c/o Buzzy Geduld, Monday, October 5, 2015 NY 10038. Purpose: Any lawful activity. agent of LP upon whom process against of medicine and any lawful activities. 279 Central Park W, Apart. 12A, New York, The City College of New York it may be served. SSNY shall mail process NY 10024. Purpose: Any lawful purpose. Great Hall - 160 Convent Avenue Notice of Formation of WOODMERE to Ripple Capital GP LLC at the princ. Notice of Qual. of Scopia Capital New York City office of the LP. Name and addr. of each Management LP, Auth. filed Sec’y of IRVING LLC Arts. of Org. filed with Notice of Qual. of Sagamore AK To RSVP email [email protected] general partner are available from SSNY. State (SSNY) 1/8/15. Office loc: NY Cty. Secy. of State of NY (SSNY) on 07/24/15. Property Company LLC, Auth. filed Sec’y DE addr. of LP: 2711 Centerville Rd., LP org. in DE 12/16/11. SSNY desig. Human Rights: A Multiyear Forum at the Office location: NY County. Princ. of State (SSNY) 7/6/15. Office loc: NY Ste. 400, Wilmington, DE 19808. Cert. as agent of LP upon whom proc. against City College creates a space for discussion office of LLC: 295 Madison Ave., 2nd Cty. LLC org. in DE 7/1/15. SSNY desig. of LP filed with Secy. of State, DE, it may be served. SSNY shall mail copy about one of the most critical issues of our Fl., NY, NY 10017. SSNY designated as agent of LLC upon whom proc. Div. of Corps., John G. Townsend of proc. to Att: Matthew Sirovich, 152 time. The series of lectures, conversations, film as agent of LLC upon whom process against it may be served. SSNY shall Bldg., 401 Federal St., Ste. 4, Dover, W. 57th St., NY, NY 10019. DE office showings, exhibitions, and courses brings against it may be served. SSNY shall mail copy of proc. to NRAI, 111 Eighth DE 19901. Purpose: Any lawful activity. addr.: CSC, 2711 Centerville Rd., together faculty, students, and staff at CCNY mail process to Corporation Service Ave., NY, NY 10011, the Reg. Agt. upon and the New York City community to exam- Co., 80 State St., Albany, NY 12207- Wilmington, DE 19808. Cert. of LP on file: SSDE, Townsend Bldg., Dover, DE whom proc. may be served. DE office ine human rights through multiple lenses. 2543. Purpose: Any lawful activity. LIMITED LIABILITY COMPANY addr.: 160 Greentree Dr., Ste. 101, Dover, Notice of Formation of a Limited 19901. Name/addr. of each gen. ptr. avail. at SSNY. Purp: any lawful activities. DE 19904. Cert. of Form. on file: SSDE, Notice of Formation of DERB LLC Arts. Liability Company (LLC) Name: Townsend Bldg., Dover, DE 19901. of Org. filed with Secy. of State of NY LEMONY ONE, LLC Articles of Purp: any lawful activities. TELECOMMUNICATIONS (SSNY) on 06/09/15. Office location: NY Organization filed by the Department Notice of Formation of State St. County. Princ. office of LLC: 747 Orienta of State of New York on: 03/03/2015 Townhomes LLC. Arts. of Org. filed Ave., Mamaroneck, NY 10543. SSNY Office location: County of New York with Secy. of State of NY (SSNY) on Notice of Formation of BIG MOZZ designated as agent of LLC upon whom Purpose: any and all lawful activities 08/06/15. Office location: NY County. HOLDINGS, LLC Arts. of Org. filed with NYC'S MOTOROLA process against it may be served. SSNY Secretary of State of New York SSNY designated as agent of LLC Secy. of State of NY (SSNY) on MOTOTRBO SPECIALISTS shall mail process to the LLC, c/o Levin (SSNY) is designated as agent of the upon whom process against it may 09/01/15. Office location: NY County. Princ. office of LLC: 309 W. 99th St., #2C, MOTOTRBOTM & Glasser, P.C., 420 Lexington Ave., NY, LLC upon whom process against it be served. SSNY shall mail process to: Professional Digital Two-way Radio NY 10170. Purpose: Any lawful activity. may be served. SSNY shall mail a IBEC Building Corp., 55 Broad St., 16th NY, NY 10025. SSNY designated as agent System provides significant productivity of LLC upon whom process against gains - reliably and affordably. copy of process to: 224 West 35th Fl., NY, NY 10004, Attn: Mr. Hesky Street New York, NY 10001 Brahimy. Purpose: any lawful activities. it may be served. SSNY shall mail • Clearer voice capability and enhanced Notice of Qualification of GROVERTON process to the LLC at the princ. office battery life INSURANCE AGENCY, LLC Appl. for Auth. • Integrated voice and data for better of the LLC. Purpose: Any lawful activity. productivity and privacy filed with Secy. of State of NY (SSNY) Notice of Qualification of 24-16 QUEENS Notice of Qualification of 151 Wooster • Text messaging on 04/10/15. Office location: NY County. PLAZA PROPERTY OWNER LLC Appl. 6A LLC. Authority filed with NY Dept. • Doubles channel call capacity for LLC formed in Delaware (DE) on of State on 7/27/15. Office location: NY Notice of Qualification of Fox News the price of one license for Auth. filed with Secy. of State of NY 01/20/15. Princ. office of LLC: 919 N. (SSNY) on 08/12/15. Office location: NY County. Princ. bus. addr.: c/o Sycamore Network, LLC. Authority filed with NY *$100 TRADE-IN PER RADIO Market St., Ste. 725, Wilmington, DE County. LLC formed in Delaware (DE) Partners, 9 W. 57th St., 31st Fl., NY, Dept. of State on 8/26/15. Office location: NY Call to learn more or to 19801. SSNY designated as agent of NY 10019. LLC formed in DE on County. Princ. bus. addr.: 1211 Ave. of the schedule a professional, on 08/06/15. Princ. office of LLC: 152 W. no-obligation survey or LLC upon whom process against it may 57th St., 60th Fl., NY, NY 10019. SSNY 7/17/14. NY Sec. of State designated Americas, NY, NY 10036. LLC formed on-site demo. be served. SSNY shall mail process to designated as agent of LLC upon whom agent of LLC upon whom process in DE on 7/1/15. NY Sec. of State designated Corporation Service Co., 80 State St., process against it may be served. SSNY against it may be served and shall mail agent of LLC upon whom process Albany, NY 12207-2543, regd. agent shall mail process to the LLC at the process to: c/o CT Corporation System, against it may be served and shall mail upon whom and at which process may princ. office of the LLC. DE addr. of LLC: 111 8th Ave., NY, NY 10011, regd. agent process to: c/o CT Corporation System, be served. DE addr. of LLC: 2711 2711 Centerville Rd., Ste. 400, Wilmington, upon whom process may be served. 111 8th Ave., NY, NY 10011, regd. agent Centerville Rd., Ste. 400, Wilmington, DE DE 19808. Cert. of Form. filed with DE DE addr. of LLC: c/o Corporation Trust upon whom process may be served. DE 33 East 33rd Street 19808. Cert. of Form. filed with DE Secy. Secy. of State, Div. of Corps., John Co., 1209 Orange St., Wilmington, DE addr. of LLC: 1209 Orange St., Wilmington, New York, NY 10016 of State, 401 Federal St., Dover, DE G. Townsend Bldg., 401 Federal St., 19801. Cert. of Form. filed with DE Sec. DE 19801. Cert. of Form. filed with DE 212-532-7400 19901. Purpose: Insurance agency Ste. 4, Dover, DE 19901. Purpose: of State, 401 Federal St., Dover, DE Sec. of State, 401 Federal St., Dover, www.metrocomradio.com and insurance marketing services. Any lawful activity. 19901. Purpose: all lawful purposes. DE 19901. Purpose: all lawful purposes.

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TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR EMAIL [email protected] PUBLIC & LEGAL NOTICES

Notice of Formation of BRP JAMSTA Notice of Formation of KMei Notice of Qualification of METRO- Notice of Qualification of 79 BRIGHTON Notice of Qualification of DIVINSHIRE TC Owner LLC. Arts. of Org. filed Productions LLC Arts. of Org. filed POLITAN PROPERTY HOLDINGS, LLC 11TH STREET LLC Appl. for Auth. filed INSURANCE AGENCY, LLC Appl. for with NY Dept. of State on 4/13/15. with Secy. of State of NY (SSNY) on Appl. for Auth. filed with Secy. of State with Secy. of State of NY (SSNY) on Auth. filed with Secy. of State of NY Office location: NY County. Princ. 09/10/15. Office location: NY County. of NY (SSNY) on 09/03/15. Office 09/30/13. Office location: NY County. (SSNY) on 05/18/15. Office location: NY bus. addr.: 767 3rd Ave., 33rd Fl., NY, SSNY designated as agent of LLC location: NY County. LLC formed in LLC formed in Delaware (DE) on County. LLC formed in Delaware (DE) on NY 10017. Sec. of State designated upon whom process against it may Delaware (DE) on 04/17/15. Princ. 09/26/13. SSNY designated as agent 03/23/15. SSNY designated as agent of agent of LLC upon whom process be served. SSNY shall mail process office of LLC: Waterford Realty, LLC, of LLC upon whom process against LLC upon whom process against it may against it may be served and shall to Corporation Service Co., 80 State c/o Richard Garapedian, 330 W. 72nd it may be served. SSNY shall mail be served. SSNY shall mail process to mail process to: c/o CT Corporation St., Albany, NY 12207-2543. St., Apt. 10C, NY, NY 10023. SSNY process to c/o Corporation Service Co. Corporation Service Co., 80 State St., System, 111 8th Ave., NY, NY 10011. Purpose: Any lawful activity. designated as agent of LLC upon (CSC), 80 State St., Albany, NY Albany, NY 12207-2543, regd. agent Purpose: all lawful purposes. whom process against it may be 12207-2543. DE addr. of LLC: CSC, upon whom and at which process may Notice of Qualification of BB3 served. SSNY shall mail process to the 2711 Centerville Rd., Ste. 400, be served. DE addr. of LLC: 2711 Notice of Qualification of Cappex.com, Productions LLC. Authority filed with LLC at the addr. of its princ. office. DE Wilmington, DE 19808. Cert. of Form. Centerville Rd., Ste. 400, Wilmington, DE LLC. Authority filed with NY Dept. of NY Dept. of State on 9/8/15. Office addr. of LLC: 2711 Centerville Rd., Ste. filed with Secy. of State of the State 19808. Cert. of Form. filed with DE Secy. State on 9/1/15. Office location: NY location: NY County. Princ. bus. addr.: 400, Wilmington, DE 19808. Cert. of of DE, PO Box 898, Dover, DE 19903. of State, 401 Federal St., Dover, DE County. LLC organized in IL on 245 N. Beverly Dr., Beverly Hills, CA Form. filed with Secy. of State, 401 Purpose: Any lawful activity. 19901. Purpose: Any lawful activity. 5/19/15. NY Sec. of State designated 90210. LLC organized in GA on Federal St., #3, Dover, DE 19901. agent of LLC upon whom process Purpose: Any lawful activity. 1/30/15. NY Sec. of State designated Notice of Qualification of SHOT APP Notice of Formation of New against it may be served and shall mail agent of LLC upon whom process LLC Appl. for Auth. filed with Secy. of Enterprise Holdings LLC. Arts. of Org. process to: c/o CT Corporation System, against it may be served and shall mail Notice of formation of Go Organic State of NY (SSNY) on 07/24/15. Office filed with NY Dept. of State on 5/21/15. 111 8th Ave., NY, NY 10011, regd. agent process to: c/o CT Corporation System, Cleaning LLC. Arts of Org filed with location: NY County. LLC formed in Office location: NY County. Sec. of upon whom process may be served. 111 8th Ave., NY, NY 10011, regd. Secy. of State of NY (SSNY) on Delaware (DE) on 06/10/15. Princ. office State designated agent of LLC upon IL and principal business address: agent upon whom process may be 5/18/2015. Office location: NY of LLC: 353 Lexington Ave., Ste. 600, whom process against it may be 230 W. Monroe St., Ste. 1200, Chicago, served. GA addr. of LLC: 1201 County. SSNY designated agent NY, NY 10016. SSNY designated as served and shall mail process to: The IL 60606. Cert. of Org. filed with IL Peachtree St. NE, Atlanta, GA 30361. upon whom process may be served agent of LLC upon whom process LLC, 2 Park Ave., 10th Fl., NY, NY Sec. of State, 213 State Capitol, Cert. of Org. filed with GA Sec. of State, and shall mail copy of process against against it may be served. SSNY shall 10016, principal business address. Springfield, IL 62756. Purpose: all 2 MLK, Jr. Dr., SE, Ste. 313, Atlanta, LLC to: 7014 13th Ave #202 Bklyn, mail process to Kudman Trachten Aloe Purpose: all lawful purposes. lawful purposes. GA 30334. Purpose: all lawful purposes. NY 11228. Purpose: any lawful act. LLP, 350 Fifth Ave., NY, NY 10118. DE addr. of LLC: 2711 Centreville Rd., Notice of Qual. of Seren 730 LLC, Auth. Wilmington, DE 19808. Cert. of Form. filed Sec’y of State (SSNY) 4/10/15. filed with Secy. of State, John G. Office loc: NY County. LLC org. in DE Townsend Bldg., 401 Federal St., Dover, 4/7/15. SSNY desig. as agent of LLC DE 19901. Purpose: Any lawful activity. upon whom proc. against it may be served. SSNY shall mail copy of proc. Notice of Formation of Riverside to NRAI, 111 Eighth Ave., NY, NY 10011, Caterers LLC. Arts of Org filed with Secy. the Reg. Agt. upon whom proc. may Of State of NY (SSNY) on 05.26.2015 be served. DE office addr.: 160 Office location: NY County. SSNY Greentree Dr., Ste. 101, Dover, DE designated agent upon whom process 19904. Cert. of Form. on file: SSDE, may be served and shall mail copy of Townsend Bldg., Dover, DE 19901. process against LLC to principal Purp: any lawful activities. business address: 780 Riverside Dr. Suite 2E New York, NY 10032. Purpose: 200 RSB 42D LLC Articles of Org. any lawful act. filed NY Sec. of State (SSNY) 7/28/2015. Office in NY Co. SSNY desig. agent of AB Asset LLC, a domestic LLC, filed LLC upon whom process may be served. Do You Want To Get with the SSNY on 7/10/15. Office SSNY shall mail copy of process to location: New York County. SSNY is 200 Riverside Blvd., Apt. 42D, NY, NY designated as agent upon whom 10069. Purpose: Any lawful purpose. process against the LLC may be served. SSNY shall mail process to The LLC, Notice of Qualification of 92 PINEHURST 87 Bowery, Ste. 400, NY, NY 10002. AVENUE LLC Appl. for Auth. filed with Your Company In Front Of General Purpose. Secy. of State of NY (SSNY) on 09/03/15. Office location: NY County. 405 Madison Street LLC, a domestic LLC formed in Delaware (DE) on LLC, filed with the SSNY on 7/8/15. 09/01/15. SSNY designated as agent of Office location: New York County. SSNY is LLC upon whom process against it may designated as agent upon whom be served. SSNY shall mail process New York City’s Influential process against the LLC may be served. to c/o Corporation Service Co. (CSC), SSNY shall mail process to The LLC, c/o 80 State St., Albany, NY 12207-2543. Elisabeth M. Kovac, Esq., 90 Park Ave., DE addr. of LLC: CSC, 2711 Centerville Fl. 18, NY, NY 10016. General purpose. Rd., Ste. 400, Wilmington, DE 19808. Cert. of Form. filed with Secy. of State, State of DE, Div. of Corps., PO Box Business Professionals? Notice of Qualification of 658 WEST 898, Dover, DE 19903. Purpose: Any 188TH STREET LLC Appl. for Auth. lawful activity. filed with Secy. of State of NY (SSNY) on 09/03/15. Office location: NY County. LLC formed in Delaware (DE) on Notice of Qualification of SC 115 09/01/15. SSNY designated as agent of HENRY LLC Appl. for Auth. filed with LLC upon whom process against it may Secy. of State of NY (SSNY) on be served. SSNY shall mail process to 07/23/15. Office location: NY County. c/o Corporation Service Co. (CSC), 80 LLC formed in Delaware (DE) on Contact Joanne Barbieri at State St., Albany, NY 12207-2543. DE 07/06/15. Princ. office of LLC: 115 addr. of LLC: CSC, 2711 Centerville Henry St., NY, NY 10002. SSNY des- Rd., Ste. 400, Wilmington, DE 19808. ignated as agent of LLC upon whom Cert. of Form. filed with Secy. of State, process against it may be served. SSNY State of DE, Div. of Corps., PO Box shall mail process to c/o Corporation 898, Dover, DE 19903. Purpose: Any Service Co., 80 State St., Albany, NY 212-210-0189 for classified lawful activity. 12207-2543. DE addr. of LLC: 2711 Centerville Rd., Ste. 400, Wilmington, DE Notice of Qualification of 200 19808. Cert. of Form. filed with Secy. BRIGHTON 15TH STREET LLC Appl. of State, Div. of Corps., 401 Federal for Auth. filed with Secy. of State of NY St., Ste. 4, Dover, DE 19901. Purpose: advertising opportunities. (SSNY) on 09/30/13. Office location: Any lawful activity. NY County. LLC formed in Delaware (DE) on 09/26/13. SSNY designated PARKWOOD MERCH LLC, Authority as agent of LLC upon whom process filed with the SSNY on 05/15/2015. against it may be served. SSNY shall Office loc: NY County. LLC formed in mail process to c/o Corporation Service DE on 05/13/2015. SSNY is designated Co. (CSC), 80 State St., Albany, NY as agent upon whom process against 12207-2543. DE addr. of LLC: CSC, the LLC may be served. SSNY shall 2711 Centerville Rd., Ste. 400, mail process to: Pryor Cashman LLP Wilmington, DE 19808. Cert. of Form. Attn Brad D. Rose ESQ. 7 Times Square, filed with Secy. of State of the State NY, NY 10036. Address required to of DE, PO Box 898, Dover, DE 19903. be maintained in DE: 2711 Centerville As amended by Cert. of Amendment Rd Ste 400 Wilmington de 19808. Cert filed with SSNY on 01/28/14, name of Formation filed with DE Div. of Corps, changed to GOTHAM SEGREGATED 401 Federal St., Ste 4, Dover, DE AUTO LLC. Purpose: Any lawful activity. 19901. Purpose: Any Lawful Purpose.

September 21, 2015 | Crain’s New York Business |17 P016-P017CL_CN_20150921.qxp 9/18/2015 11:05 AM Page 18

TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR EMAIL [email protected] PUBLIC & LEGAL NOTICES Notice of Formation of Law Office of Notice of Qual. of Scopia Health Care LLC, Notice of Qualification of WMQS IM Notice of Qualification of 1 FERRY DOORPOST BLESSING, LLC Art of Robert S. Schwartz, PLLC. Arts of Org Auth. filed Sec’y of State (SSNY) 11/25/14. HOLDINGS GP LLC Appl. for Auth. filed ROAD PROPERTY OWNER LLC Appl. Org filed with Secretary of State of New filed with Secy of State of NY (SSNY) Office loc: NY County. LLC org. in DE with Secy. of State of NY (SSNY) on for Auth. filed with Secy. of State of NY York (SSNY) on Dec. 8, 2014. Office location: on 7/28/2015. Office location: NY 11/24/14. SSNY desig. as agent of LLC 08/27/15. Office location: NY County. (SSNY) on 08/11/15. Office location: NY Richmond County. SSNY is designated as County. SSNY designated agent upon upon whom proc. against it may be served. LLC formed in Delaware (DE) on County. LLC formed in Delaware (DE) agent of LLC upon whom process against whom process may be served and shall SSNY shall mail copy of proc. to Att: Aaron 08/26/15. Princ. office of LLC: 66 Fifth Ave., on 08/06/15. Princ. office of LLC: 152 W. it may be served against LLC to: DoorPost mail copy of process against PLLC to Morse, 152 W. 57th St., NY, NY 10019. DE 9th Fl., NY, NY 10103. SSNY designated 57th St., 60th Fl., NY, NY 10019. SSNY Blessing 572 Cary Ave., SI, NY 10310. principal business address: 292 office addr.: CSC, 2711 Centerville Rd., as agent of LLC upon whom process designated as agent of LLC upon whom Purpose: Any lawful activity or purpose. Madison Avenue, 16th Floor, New York, Wilmington, DE 19808. Cert. of Form. on against it may be served. SSNY shall mail process against it may be served. SSNY NY 10017. Purpose: the practice of file: SSDE, Townsend Bldg., Dover, DE process to c/o Corporation Service Co. shall mail process to the LLC at the princ. the profession of law. 19901. Purp: any lawful activities. (CSC), 80 State St., Albany, NY 12207- office of the LLC. DE addr. of LLC: 2711 Notice of Formation of D.A.M. REALTY 2543. DE addr. of LLC: c/o CSC, 2711 Centerville Rd., Ste. 400, Wilmington, DE I LLC Arts. of Org. filed with Secy. of Centerville Rd., Ste. 400, Wilmington, 19808. Cert. of Form. filed with DE Secy. State of NY (SSNY) on 09/01/15. Office C.R. DESIGN LLC Articles of Org. filed Notice of Qualification of Evolution DE 19808. Cert. of Form. filed with DE of State, Div. of Corps., John G. Townsend location: NY County. SSNY designated NY Sec. of State (SSNY) 07/10/2015. Energy Partners LLC. Authority filed with Secy. of State - Div. of Corps., John G. Townsend Bldg., 401 Federal St., Ste. 4, Dover, DE as agent of LLC upon whom process Office in NY Co. SSNY desig. agent of NY Dept. of State on 8/21/15. Office Bldg., 401 Federal St. - Ste. 4, Dover, DE 19901. Purpose: Any lawful activity. against it may be served. SSNY shall LLC upon whom process may be served. location: NY County. Princ. bus. addr.: 19901. Purpose: Any lawful activity. mail process to David Levine, 159-00 SSNY shall mail copy of process to 102 Pickering Way, Ste. 508, Exton, Riverside Dr. West, Ste. 1M-70, NY, 442 W. 57th St, NY, NY 10019, which PA 19341. LLC formed in DE on Notice of Formation of 78 Prospect NY 10032. Purpose: Any lawful activity. is also the principal business location. 1/21/14. NY Sec. of State designated Notice of Qualification of DLJ PARTNERS Park Brooklyn LLC. Arts. of Org. filed Purpose: Any lawful purpose. agent of LLC upon whom process GROUP II, LLC Appl. for Auth. filed with NY Dept. of State on 4/17/15. Office location: NY County. Princ. bus. Notice of Formation of Sweat Equity against it may be served and shall mail with Secy. of State of NY (SSNY) on LLC. Arts of Org filed with Secy, of State process to: c/o CT Corporation System, 08/12/15. Office location: NY County. addr.: 825 3rd Ave., Fl 37, NY, NY 415 LEONARD ST. UNIT 4A, LLC. Art. 10022. Sec. of State designated agent of NY (SSNY) on 06/16/2015. Office of Org. filed with the SSNY on 111 8th Ave., NY, NY 10011, regd. agent LLC formed in Delaware (DE) on location: NY County. SSNY designated upon whom process may be served. DE 06/25/15. Princ. office of LLC: 590 of LLC upon whom process against it 07/07/15. Office: New York County. may be served and shall mail process agent upon whom process may be served SSNY designated as agent of the LLC addr. of LLC: 1209 Orange St., Wilmington, Madison Ave., 8th Fl., NY, NY 10022. and shall mail copy of process DE 19801. Cert. of Form. filed with DE SSNY designated as agent of LLC upon to: CT Corporation System, 111 8th upon whom process against it may be Ave., NY, NY 10011, regd. agent against LLC to principal business served. SSNY shall mail copy of process Sec. of State, 401 Federal St., Dover, whom process against it may be served. address: 154 Nassau Blvd, Garden DE 19901. Purpose: all lawful purposes. SSNY shall mail process to c/o upon whom process may be served. to the LLC, 77-808 Kamehameha Purpose: any lawful activity. City, NY 11530. Purpose: any lawful act. Highway, Mililani, HI 96789. Purpose: Corporation Service Co. (CSC), 80 State St., Albany, NY 12207-2543. DE addr. Any lawful purpose. Cardel USA, LLC, a domestic LLC, filed of LLC: c/o CSC, 2711 Centerville Notice of Qualification of 152 West 24 CLAIRVOYANT DEVELOPMENT L.L.C., with the SSNY on 4/13/15. Office Rd., Ste. 400, Wilmington, DE 19808. Fee LLC. Authority filed with NY Dept. Arts. of Org. filed with the SSNY on location: New York County. SSNY is Notice of Formation of 781 Metropolitan Cert. of Form. filed with Secy. of State of State on 7/29/15. Office location: NY 06/26/2015. Office loc: NY County. designated as agent upon whom process Developer LLC. Arts. of Org. filed with of DE, Corp. Div., Townsend Bldg., Dover, County. LLC formed in DE on 4/8/15. SSNY has been designated as agent against the LLC may be served. SSNY Secy. of State of NY (SSNY) on 08/13/15. DE 19904. Purpose: Any lawful activity. NY Sec. of State designated agent of upon whom process against the LLC Office location: NY County. SSNY shall mail process to The LLC, 250 LLC upon whom process against it may may be served. SSNY shall mail process designated as agent of LLC upon whom Greenwich Ave., NY, NY 10007. be served and shall mail process to: to: C/O Ganga Mukkavilli, 303 Fifth process against it may be served. SSNY General purpose. Notice of Formation of Bleecker Street c/o CT Corporation System, 111 8th Ave, Ste 1205, NY, NY 10016. Purpose: shall mail process to: The LLC, c/o Adam Owner 4 LLC. Arts. of Org. filed with Ave., NY, NY 10011. DE address of LLC: Any Lawful Purpose. Secy. of State of NY (SSNY) on America Real Estate, 850 Third Ave., ONS APPAREL LLC Articles of Org. filed c/o Corporation Trust Co., 1209 07/30/15. Office location: NY County. Orange St., Wilmington, DE 19801. Cert. Ste. 13D, New York, NY 10022, Attn: NY Sec. of State (SSNY) 8/12/2015 Notice of Qualification of 1511-1521 Omri Sachs. Purpose: any lawful activities. SSNY designated as agent of LLC of Form. filed with DE Sec. of State, as: CNS APPAREL LLC Office in NY upon whom process against it may BRIGHTWATER AVENUE LLC Appl. for Co. SSNY desig. agent of LLC upon 401 Federal St., Dover, DE 19901. be served. SSNY shall mail process Purpose: all lawful purposes. Auth. filed with Secy. of State of NY Notice of formation of Disarm Studio, whom process may be served. SSNY to: National Registered Agents, Inc., (SSNY) on 09/30/13. Office location: NY LLC. Arts of Org filed with Secy. of State shall mail copy of process to 1 Astor 111 Eighth Ave., NY, NY 10011. County. LLC formed in Delaware (DE) Place PHC, NY, NY 10003, which is Notice of Qualification of WMQS IM on 09/26/13. SSNY designated as agent of NY (SSNY) on 4/15/2015. Office Purpose: any lawful activities. HOLDINGS LP Appl. for Auth. filed with location: NY County. SSNY designated also the principal business location. of LLC upon whom process against Purpose: Any lawful purpose. Secy. of State of NY (SSNY) on it may be served. SSNY shall mail agent upon whom process may be 08/27/15. Office location: NY County. LP served against LLC to principal business NOTICE OF REGISTRATION of STRIS process to c/o Corporation Service Co. & MAHER LLP. Notice of Registration formed in Delaware (DE) on 08/26/15. address: 134 W 26th St Suite 1201 New Notice of Qualification of WMQS GP (CSC), 80 State St., Albany, NY (Foreign) filed with NY Dept. of State Princ. office of LP: 66 Fifth Ave., 9th Fl., York NY 10001. Purpose: any lawful act. HOLDINGS LLC Appl. for Auth. filed with 12207-2543. DE addr. of LLC: CSC, on 05/18/15. Office location: NY NY, NY 10103. SSNY designated as Secy. of State of NY (SSNY) on 2711 Centerville Rd., Ste. 400, County. LLP formed in Texas (TX) on agent of LP upon whom process 08/27/15. Office location: NY County. LLC Wilmington, DE 19808. Cert. of Form. Notice of Formation of HBBG,LLC Arts. 12/10/14. NY Secy. of State (NYSS) against it may be served. SSNY shall formed in Delaware (DE) on 08/26/15. filed with Secy. of State of the State of Org. filed with NY Dept. of State on designated as an agent upon whom mail process to c/o Corporation Service Princ. office of LLC: 66 Fifth Ave., 9th Fl., of DE, PO Box 898, Dover, DE 19903. 7/01/15 Office location NY County SSNY process against the LLP may be served. Co. (CSC), 80 State St., Albany, NY NY, NY 10103. SSNY designated as agent Purpose: Any lawful activity. designated agent upon whom process NYSS shall mail process against the 12207-2543. Name and addr. of each of LLC upon whom process against it may be served and shall mail copy of LLP to: 37 Wall St., Apt. 6A, New York, general partner are available from SSNY. may be served. SSNY shall mail process process against LLC to 135 West 36th St 18fl NY 10005. Cert. of LLP filed with Sec. DE addr. of LP: c/o CSC, 2711 Centerville Notice of Qualification of Cerberus PSERS to c/o Corporation Service Co. (CSC), 80 NY NY 10018 purpose: any lawful activity. of State of TX at James E. Rudder Bldg., Rd., Ste. 400, Wilmington, DE 19808. Levered Opportunities GP, LLC. State St., Albany, NY 12207-2543. DE addr. 1019 Brazos St., Austin, TX 78701. Cert. of LP filed with DE Secy. of State Authority filed with NY Dept. of State on of LLC: c/o CSC, 2711 Centerville Rd., Purpose: The practice of law. - Div. of Corps., John G. Townsend 8/6/15. Office location: NY County. Princ. Notice of Formation of 140 WEST 22ND Ste. 400, Wilmington, DE 19808. Cert. Bldg., 401 Federal St. - Ste. 4, Dover, bus. addr.: 875 3rd Ave., NY, NY 10022. STREET LLC Arts. of Org. filed with of Form. filed with DE Secy. of State DE 19901. Purpose: Any lawful activity. LLC formed in DE on 6/15/15. NY Sec. of Secy. of State of NY (SSNY) on - Div. of Corps., John G. Townsend Notice of Formation of AGENTIC State designated agent of LLC upon whom 08/10/15. Office location: NY County. Bldg., 401 Federal St. - Ste. 4, Dover, CONSULTING, LLC. Arts. of Org. filed process against it may be served and shall SSNY designated as agent of LLC upon DE 19901. Purpose: Any lawful activity. with Secy. of State of NY (SSNY) on Notice of Formation of SIROD, LLC. Arts. of Org. filed with Secy. of State of NY mail process to: c/o CT Corporation whom process against it may be served. 6/25/2015. Office location: NY County. System, 111 8th Ave., NY, NY 10011. DE SSNY shall mail process to the LLC, SSNY designated agent upon whom (SSNY) on 7/16/15. Office location: NY Notice of Qualification of Tier Asset County. SSNY designated as agent addr. of LLC: c/o The Corporation Attn: Edward Farrell, Esq., 1350 process may be served and shall mail Trust Co., 1209 Orange St., Wilmington, Management LLC. Authority filed with copy of process against LLC to: c/o of LLC upon whom process against Broadway, NY, NY 10018. Purpose: Secy. of State of NY (SSNY) on 07/16/15. DE 19801. Cert. of Form. filed with DE Any lawful activity. United States Corporation Agents, Inc., it may be served. SSNY shall mail Office location: NY County. LLC formed process to: 32 W. 132nd St., No. 1, NY, Sec. of State, 401 Federal St., Dover, 7014 13th Avenue, Suite 202, Brooklyn, DE 19901. Purpose: all lawful purposes. in Delaware (DE) on 07/16/15. SSNY NY 11228. Purpose: any lawful act. NY 10037. Purpose: any lawful activity. Notice of Qualification of 193 HENRY designated as agent of LLC upon whom process against it may be served. SSNY STREET LLC Appl. for Auth. filed with NOTICE OF FORMATION OF MARK Notice of Formation of Rolen Music Secy. of State of NY (SSNY) on 08/06/15. shall mail process to: 599 Lexington Notice of Formation of Madison Paige Group LLC. Arts. Of Org. filed with Ave., 4th Fl., NY, NY 10022. Address ZUMWALT LLC. Articles of Office location: NY County. LLC formed Securities LLC. Arts. of Org. filed with Organization filed with the Secretary of Secy. Of State of NY (SSNY) on in Delaware (DE) on 04/22/15. Princ. to be maintained in DE: c/o Registered Secy. of State of NY (SSNY) on 07/15/2015. Office location: NY Agent Solutions, Inc., 1679 S. Dupont State of NY (SSNY) on 10/24/13. office of LLC: 64 Delancey St., NY, NY 07/15/15. Office location: NY County. SSNY Office location: NEW YORK County. County. Aurora SSNY designated as 10002. SSNY designated as agent of Hwy., Ste. 100, Dover, DE 19901. Arts designated as agent of LLC upon whom agent of LLC upon whom process of Org. filed with the DE Secy. of SSNY has been designated as agent LLC upon whom process against it may process against it may be served. SSNY upon whom process against it may be against it may be served. SSNY shall be served. SSNY shall mail process to State, 401 Federal St., Dover, DE shall mail process to: The LLC, 599 mail process to the LLC, 2159 First 19903. Purpose: any lawful activities. served. The Post Office address to which the LLC at the princ. office of the LLC. Lexington Ave., 47th Fl., NY, NY the SSNY shall mail a copy of any process Avenue #2E, New York City, New DE addr. of LLC: Corporation Service 10022. Purpose: any lawful activities. against the LLC served upon him/her York 10029. Purpose: Any lawful activity. Co., 2711 Centerville Rd., Ste. 400, Notice of Qualification of 125 is: 215 E 15TH ST, NY NY 10003 The Wilmington, DE 19808. Cert. of Form. BRIGHTON 11TH STREET LLC Appl. principal business address of the LLC filed with DE Secy. of State, 401 Notice of Qualification of Big Spoon Notice of Qualification of 787 Eleventh for Auth. filed with Secy. of State of is: 215 E 15TH ST, NY, NY 10003 Federal St., Dover, DE 19901. Purpose: Industries, LLC. Authority filed with Secy. Funding LLC. Authority filed with NY Dept. NY (SSNY) on 09/30/13. Office location: Purpose: any lawful act or activity. Any lawful activity. of State of NY (SSNY) on 06/02/15. Office of State on 7/2/15. Office location: NY NY County. LLC formed in Delaware location: NY County. LLC formed in County. Princ. bus. addr.: 500 Stanton (DE) on 09/26/13. SSNY designated Delaware (DE) on 08/01/13. SSNY Notice of Formation of UWS GROCERY Christiana Rd., Ops 3/Floor 2, Newark, Notice of Formation of 246 East 58 LLC. as agent of LLC upon whom process designated as agent of LLC upon whom LLC Arts. of Org. filed with Secy. of DE 19713. LLC formed in DE on Arts. of Org. filed with Secy. of State of against it may be served. SSNY shall process against it may be served. SSNY State of NY (SSNY) on 07/23/15. Office 6/29/15. NY Sec. of State designated NY (SSNY) on 07/31/15. Office location: mail process to c/o Corporation Service shall mail process to: c/o eResidentAgent, location: NY County. SSNY desig- agent of LLC upon whom process NY County. SSNY designated as agent Co. (CSC), 80 State St., Albany, NY Inc., 12121 Wilshire Blvd., Ste. 1201, Los nated as agent of LLC upon whom against it may be served and shall mail of LLC upon whom process against it 12207-2543. DE addr. of LLC: CSC, Angeles, CA 90025. Address to be maintained process against it may be served. SSNY process to: CT Corporation System, may be served. SSNY shall mail process 2711 Centerville Rd., Ste. 400, in DE: 1013 Centre Rd., Ste. 403S, shall mail process to Wayne R. 111 8th Ave., NY, NY 10011. DE addr. to: c/o Smith, Gambrell & Russell, LLP, Wilmington, DE 19808. Cert. of Form. Wilmington, DE 19805. Arts of Org. filed Lehraupt, Esq., c/o Eiseman Levine of LLC: 1209 Orange St., Wilmington, Attn: Edward L. Schiff, Esq., 1301 filed with Secy. of State of the State with the DE Secy. of State, John G. Townsend Lehrhaupt & Kakoyiannis, P.C., 805 DE 19801. Cert. of Form. filed with DE Ave. of the Americas, 21st Fl., NY, NY of DE, PO Box 898, Dover, DE 19903. Bldg., 401 Federal St., Ste. 4, Dover, DE Third Ave., NY, NY 10022. Purpose: Sec. of State, 401 Federal St., Dover, 10019. Purpose: any lawful activities. Purpose: Any lawful activity. 19901. Purpose: any lawful activities. Any lawful activity. DE 19901. Purpose: all lawful purposes.

18 | Crain’s New York Business | September 21, 2015 20150921-NEWS--0019-NAT-CCI-CN_-- 9/18/2015 6:51 PM Page 1

Thrift shops seek new markets

Continued from Page 4 panding. Even housing nonprofit initiative is planned this fall. Closet thrived and multiplied,while Habitat for Humanity opened a fur- “We’re celebrating our centenni- higher-end consignment brands niture and supplies shop in Wood- al this year, and when you’re 100 launched online. side, Queens—its first such store in years old, it’s time to get young Revenue for the thrift-store in- New York City—earlier this month. again,” she said. dustry rose nearly 10% in 2009, and Online secondhand retailers have increases continued until last year. also upped the ante for brick-and- Secondhand ‘luxury’ Now that the economy is steaming The Salvation Army has not been again, shoppers are going back to as successful in its effort to be hip. buying unused goods. As a result, ‘When you’re After turning its 1,000-square-foot revenue for secondhand stores is Greenpoint, Brooklyn, store into a falling.In 2014,it was expected to be 100 years old, boutique last December, the site had down 2.7%, to $9.2 billion, accord- a fire and flood. Rather than reno- ing to market-research firm Ibis- it’s time to get vate and repair, it will close the shop World, which is predicting an annu- this month, despite its popularity in al rate of decline of 2.6% over the young again’ the neighborhood, and sell the next four years, to $8.1 billion. Sec- building, according to a spokesman. ondhand stores find they must pivot “The folks in the neighborhood to appeal to shoppers with more cash loved it,” he said, noting that the in their pockets. Brooklyn office wants to find an- THE SALVATION ARMY “As disposable income has in- mortar stores. California-based other location. The nonprofit will try to get back its creased, consumers gained a greater RealReal and Tradesy have generat- opened a fancier shop—complete boutique-store mojo. But not in Greenpoint, amount of buying power.As a result, ed $83 million and $44.5 million in with higher prices, its own staff and where a fire and flood many thrift stores have experienced venture-capital funding,respectively. special hours—within its West 46th ruined a store a decrease in revenue amid increased “Online marketplaces remove Street store late last year. managed by Daryl competition,”said Andrew Alvarez, that labor and make it easier and For 2nd Time Around, the focus Jervis. an analyst at Ibis, noting the strong more convenient for consumers to is on setting itself apart as a luxury

competitive presence of discounters find what they’re looking for,”added chain and strengthening its edge in buck ennis and mass merchandisers such as Mr. Alvarez. New York.The 42-year-old retailer, Walmart and eBay. Goodwill wants to replicate that which maintains dual headquarters chief executive last November.Con- the nonprofit posts photos of must- convenience for in-person shoppers in Boston and New York, has 10 signors get about 40% of the selling have items like sofas and wine Upgrading and expanding by making the assortment at its 13 Manhattan locations and plans to price of sold goods. refrigerators on social media regu- Late last week,a DJ spun records city locations more selective. The add as many as eight more in the Like fast-fashion players H&M larly. It’s also hoping to capture as Goodwill cut the ribbon on its new Union Square store, on West borough, as well as one in Brooklyn, and Zara, these resale businesses more of the market by hosting pop- fourth boutique here: a 4,500- 14th Street, is styled as a smaller by the end of next year.It recently re- rely on changing inventory in order up shops in Manhattan and featur- square-foot Union Square outpost boutique and is targeting fashion- located a Mott Street store 200 to entice shoppers to return to see ing product promotions. with hardwood floors, original fix- conscious shoppers. It also has less yards down the block,to East Hous- what’s new. It’s an approach that “We’re slightly a different animal tures and trendy apparel displays. merchandise and more promotional ton Street, to gain more foot traffic. Habitat for Humanity is also imple- here,”said Karen Haycox,chief exec- The Salvation Army is also trying to arrangements. “We offer something very menting at its new 3,500-square- utive of Habitat for Humanity NYC. upgrade some of its local donation Ms.Means noted that Goodwill, unique: curated, sought-after con- foot retail store in Queens, which “We want to explore some of those centers in order to boost sales from which has an annual budget of $120 temporary brands with a strong was an automotive dealership and [social media] strategies, too, as well new customers.Secondhand goods- million, also partnered with Uber service level at unbelievable value,” now sells building materials and fur- as the physical growth of stores.” Ⅲ seller 2nd Time Around, a consign- earlier this year on donation pickups said Kristin Burrows, who took over niture donated by big-box retailers ment shop that trades in high-end to attract the younger consumers the 40-unit chain, which is owned and consumers. Selling merchan- LISTEN to a discussion at merchandise, is rebranding and ex- who use the car service. A similar by Generation Equity Capital, as dise from $1 to more than $5,000, CrainsNewYork.com/podcasts

ble in the 11 cities around the world its loans to buyers of taxi medal- Taxis try to beat Uber with apps where Verifone operates, while lions. Delinquencies on such loans Arro plans to grow to San Francis- were once rare but have surged in co, Washington, D.C., Chicago the past year, and the credit union Continued from Page 4 cessfully repelling Mayor Bill de tually settled.) and Boston. was seized Friday by New York state 25,000, or 5%, from 2013 to 2014, Blasio’s attempt to impose a tempo- “It’s a complicated industry,”said But Uber’s dominance has al- regulators for operating in an “un- and the average total fare revenue rary cap on its growth to study its ef- Jason Gross, Verifone’s vice presi- ready crushed other apps. London- safe and unsound” manner. It will fell by $200,000 a day, or under 3%. fects on traffic congestion. dent for strategy and innovation, based Hailo pulled up stakes in now be run by the National Credit An increasing number of idle yellow Enter CMT and Verifone. New with a laugh. North America last year after failing Union Administration. Other taxis are piling up on the streets of York-based CMT is owned by Ron The two companies are now put- to secure a share of the market. The medallion lenders are trying to Brooklyn outside dispatch lots. Sherman,who owns 200 medallions ting their differences aside in the in- biggest question will be whether stave off similar action. Meanwhile, Uber is gaining and operates a trade group,the Met- terest of winning back customers Uber riders and drivers need or even Since its launch in late August, market share at a remarkable rate. It ropolitan Taxicab Board of Trade, from Uber. Mr. Gross said want to use a second app when one Arro has been downloaded 10,000 says 25,000 new users sign up for its whose members own or operate Way2Ride (pictured at left) is cur- will do. times,a spokesman said.Way2Ride, service in New York every week. Its 40% of the city’s 13,000-plus yellow rently operational in 14,000 yellow “This technology platform is ba- meanwhile, has been downloaded bases in the city had more than cabs. Verifone is a public company and green taxis. Mike Epley is a for- sically winner-take-all,”said Colum- 4,000 times since its official release 19,000 affiliated based in San Jose, Calif., mer logistics consultant at CMT bia’s Mr. Rawley. “If you have all the Sept. 10, a spokesman said. Both vehicles, or about and whose stock trades at who now serves as director of prod- demand, pressing the Uber button, apps had soft launches earlier in the 65% of the for- about $29. uct management at Arro. then all the drivers are going to want year. hire vehicle in- Their duopoly of the to sign up with Uber.And because it’s Drivers and medallion owners dustry. And the credit-card readers means ‘All the taxis are in play’ hard for drivers to [use multiple apps] are hopeful the new apps will help company is that each has about 50% “Consumers may prefer one app because they can’t get the guarantees stem the industry’s losses. Max running hot market share.Their ri- for whatever reason,” he said. “But [from Uber]…then the drivers will Yaloz,a taxi-medallion owner since after suc- valry has mainly they’ll know whichever one they’re tend to choose the app that’s going 1984, recently used Arro to hail a played out during using, all the taxis are in play.” deliver the most riders.” yellow cab for the first time. His registration periods, The two companies are collabo- Ben Kallos, a city councilman verdict? when taxi owners are rating to figure out how to make and software developer, introduced “It worked beautifully,” he said. required to sign up each app compatible with all yellow a bill last year that would require the “This app is going to save us.” with one vendor or and green taxis, and hope to reach a city to create a free universal e-hail Amrik Singh, a medallion own- the other. But it has deal by the end of the year. app.He praised the new apps as “ex- er and driver for 25 years, was more also spilled over into They believe that despite their actly what the city needed,” but skeptical. He was disappointed that the courts. In 2012, late start against Uber that they have lamented their late arrival. Arro lacked Uber’s popular GPS CMT sued Verifone a distinct advantage: the universally “It’s disappointing it took them tracker, instead sending pickup ad- for $250 million, al- known yellow cab, with its metered this long to build the hail apps,” he dresses directly to his front-seat leging a breach of an rates, professional drivers and high- said. monitor. “It’s better than nothing,” agreement to place ly regulated environment. The apps also didn’t come in he said with a sigh. Ⅲ advertisements on Both companies have ambitions time for Manhattan-based Mon- screens in city taxis. of expanding their apps beyond tauk Credit Union, a small institu- LISTEN to a discussion at CrainsNewYork.com/podcasts istockphoto (The lawsuit was even- New York: Way2Ride is compati- tion that issued a high percentage of

September 21, 2015 | Crain’s New York Business | 19 20150921-NEWS--0020-NAT-CCI-CN_-- 9/18/2015 1:16 PM Page 1

BUSINESS $12,500 Additional annual pay for full-time fast-food workers when their minimum wage in NYC reaches $15 in 2019 PEOPLE Source: Fiscal Policy Institute

EXECUTIVE MOVES BYTEMARK, a payment The525group: and ticketing app founded Sarah by Micah Bergdale Frankel, 33, joined (pictured), processes $4 the recruitment million in global ticket services company as sales each month. chief executive. She was previously business development specialist at Garden City Group. Blink Fitness: Todd Magazine,51,was promoted to president of the gym chain. He was previously executive vice president. DigitasLBi: Alvaro Cabrera, 43, joined the global marketing and technology company as chief strategy officer. He was previously managing director and head of engagement planning at OgilvyOne New York. Schoology: Norman Weissberg,54, joined the education technology company as chief revenue officer. He was previously senior vice president of sales at Vocus. Melton Littlepage, 43, joined as chief marketing officer. He was previously chief solutions officer at Gelco Expense Management. Michael Brinkman, 39, joined as chief technology officer. He was previously vice president of engineering at Spredfast. Good Scout Group: Erin Dawkins, 39, joined the advertising and marketing social- good consultancy as managing director. She was previously vice

buck ennis president at CCS. Jessica Kirkwood, 48, joined as senior GOTHAM GIGS strategist. She was previously deputy campaign manager for the campaign of Michelle Nunn for U.S. Senate. Patina Solutions: Nicole Giantonio,49, joined the human-resources firm as managing director. She was previously senior vice president of national Mobile app is just the ticket accounts-benefit services at ADP. Asia Society: Boon Hui Tan, 45, joined the nonprofit arts organization as vice president, global arts and cultural NY ferries are onboard, but MTA is the white whale programs, and director of the Asia Society Museum. He was previously An overachiever from birth, Micah Bergdale companies. It’s not easy.” ¶ Today, Bytemark has assistant chief executive for museums ‘My goal is and programs at the National started his first business—selling Apple contracts with the Massachusetts Department of Heritage Board in Singapore. to have all computers—at the age of 14. His second venture, Transportation; Capital Metro in Austin,Texas; STV: John Kuprenas, 53, joined the repairing Apple products, reached $2 million in and the South Shore Line, a commuter rail company as senior New York revenue by 2009, its sixth year in business.Then service between northern Indiana and Chicago. vice president and deputy director of transit be he started thinking about mobile ticketing. ¶ In July, the company added the Toronto Transit construction “Even back in college, I knew mobile payments Commission, the third-largest transit authority in management. He connected were the future and I was determined to be a part North America, behind New York and Mexico was previously president of Vanir through of it,” said the 33-year-old native of Des Moines, City. ¶ Revenue is expected to reach $5 million Construction Management. Iowa, who graduated from Northern Arizona this year and to triple by the end of 2016, Mr. Gus Maimis, 54, was promoted to one app’ senior vice president for the University at 18. ¶ Mr. Bergdale launched Bergdale said.The West 44th Street-based architectural and engineering firm. He Bytemark in 2012 with the release of Waterway, a startup processes $4 million in ticket sales each was previously vice president. Selfhelp Community Services: Hanan mobile payment and ticketing app for ferry month and has offices in New York,Toronto, the Simhon, 42, was promoted to vice service on the Hudson and East rivers. But his U.K. and Australia. ¶ But Mr. Bergdale hasn’t president of the Nazi Victim Services first mistake was expecting to land the MTA as given up on signing the MTA. “New York is far Program by the provider of comprehensive services to Holocaust his next client. ¶ “I’d say we were a bit naive,” he behind other cities in mobile ticketing, but this is survivors in North America. said. “We underestimated how long it takes to go the transit hub of the world,” he said. “My goal is AccuWeather: John Dokes,49,was promoted to general manager of the through the application process [six months] and to have all New York transit be connected AccuWeather Network. He was that we would have to compete against rival through one app.” —danni santana previously chief marketing officer.

20 | Crain’s New York Business | September 21, 2015 20150921-NEWS--0021-NAT-CCI-CN_-- 9/18/2015 1:11 PM Page 1

SOURCE

Global X: Brian Diessner, 41, joined the BREAKFAST: BJARKE INGELS issuer of exchange-traded funds as head of sales. He was previously director of Interview by Joe Anuta U.S. Wealth Advisory at BlackRock. Chris Ciompi, 38, joined as head of marketing. He was previously vice president of integrated marketing at Liberty Mutual Insurance. Scholastic: Rhonda Neal Waltman, 58, Architect brings Danish flavor to NY joined the publishing company as director of consulting services for Do you go back to Denmark often? Are learning supports. She he Bjarke Ingels Group a rather abstract level. Three days You see a lot of heavy-handed infra- there spots here to get stuff you miss? was previously opened its New York later, I got an email. It was a won- structure that does not have a lot of president of Neal- City office only four derfully fast decision process. social benefits but does have social I go back quite often,since we have a Waltman & years ago, but the Dan- side effects. Typically, these 90-person office there.There are a Associates Inc. ish outfit and its epony- And so how did you decide on 2 World infrastructure projects are few places: a Christmas mar- Ron Mirr, 55, joined as senior vice mous founder already have designed Trade Center, which was already necessary for the ket in Brooklyn Heights in president of learning supports and T some of the city’s most significant partially built? economy or the December,and a place called Family and Community Engagement. projects in recent memory. We just concluded that 2 WTC function of the city, the Copenhagen, where He was previously president of RM Last year,a team led by the com- would be the perfect place. When but they have a neg- they do black bread and Consulting and the Center for Active Family Engagement. pany won a resiliency design com- we started designing in January, we ative impact on the herring.It’s rye bread, but Tonya Leslie, 43, joined as vice president petition for its plan to fortify 10 were already experts in the tenants’ have-nots.They might much more grainy and and publisher of learning supports and miles of lower Manhattan coastline requirements. It couldn’t have been run through a neighbor- quite dense. Ⅲ Family and Community Engagement. with a winding riverside park— a smoother process—but it was a hood separating one side She was previously a Ph.D. candidate at dubbed the Dryline by some— super-difficult site to work on. from the other, for instance. New York University. which would double as a flood-pro- But what if the tax dollars BDO USA: Shahryar Shaghaghi, 54, joined tection berm. This past summer, Why exactly? spent on a highway or the professional services organization as the firm announced it was design- This was the most significant proj- a train could also national technology-advisory practice leader. He was previously a partner at ing the final World Trade Center ect we’d ever done because of its lo- be spent on what Kurt Salmon. building on behalf of anchor tenant cation, history and magnitude. We happens under- Engel & Völkers North America: James 21st Century Fox and News Corp. were constrained because the foun- neath or next to Corcoran, 40, joined the Europe-based Mr. Ingels, 40, brought stateside dation had already been cast and it? To under- real estate company as director of some of his unorthodox design sen- columns had been placed. And it stand the think- finance. He was previously controller at sibilities—a Copenhagen power had to be measured up against an ing, imagine if Town Residential. plant he contrived is topped with a existing design by one of the most the High Line NYU School of Professional Studies: fully functioning ski established architects on park happened Kristin Lamoureux, 43, joined as dean of slope—but he also has planet Earth [Norman while the rail- the Tisch Center for Hospitality and WHERE happily adapted to the Foster]. It felt like, make road tracks were Tourism. She was previously executive THEY director at George Washington comparatively freewheel- the most important proj- still function- University’s International Institute of ing business climate here. DINED: ect in a straitjacket with ing. Tourism Studies. In a scenario that LOCANDA VERDE a crayon in your mouth. Ernst & Young: Mary Higgins, 35, was would be rare in more 377 Greenwich St. You’ve done many promoted to partner and principal at the staid European cities, (212) 925-3797 How do you begin designing projects with assurance, tax and advisory services locandaverdenyc a building like that? sustainability. Is there is prominent New York de- .com company. She was previously a senior veloper Douglas Durst I was almost afraid when room for improvement? manager. took a chance on Mr. In- AMBIENCE: we first started.Typically, In the U.S., there is Debbie Kim, 35, was promoted to Inventive Italian partner and principal. She was gels back in 2010, select- when you start any proj- massive room for im- food served amid ect, you have a certain provement.Gas prices previously a senior manager. ing the newcomer’s de- dark-wood, brick Sol Kron, 42, was promoted to partner sign for an eye-catching, and tufted leather fundamental angst that have been kept much and principal. He was previously a wedge-shaped apartment décor this time maybe you’re lower than in Europe, senior manager. building on Manhattan’s WHAT THEY ATE: not going to come up and that sedated the Rory Serrano, 37, was promoted to far West Side. That gave Ⅲ Lemon ricotta with something interest- efforts to go alterna- partner and principal. He was previously the company the U.S.toe- pancakes ing. The design has to be tive, or to look at con- a senior manager. hold it needed. Ⅲ Uova somehow nascent in the sumption. American Hogan Lovells: Oliver Modenese Armas, 50, was primordial soup of the structural engineering is What do you like about Ⅲ Two coffees promoted to different ingredients of very sophisticated—just managing partner of working in New York City? PRICE: $61.17, the site.Sometimes it just look at the advent of sky- including tip the law firm’s New Europe is more publicly pops up. For the Vancou- scrapers—but mechani- York office. He was driven, and therefore ver House we are doing cal engineering? Not so previously a partner. everything becomes formulaic.The [in Canada], it was the first sketch much. The reason a New Christopher Donoho, way you short-list firms for projects we did after an hour of brainstorm- York City fire truck is much 46, was promoted to is very regulated and exacerbates ing. It was almost like instant con- louder than a Danish ver- New York administrative partner. He the Catch-22 that every architect ception, a hole in one.This is one of sion is because it has to be was previously a partner. Fox Rothschild: Stanley Barsky, 32, encounters: Nobody will ever en- the things I really love about New louder than all the hellish joined the law firm as a partner. trust you to design a bank before York and its architecture.At its core, background noise here. I He was previously an associate at you’ve already designed a bank. But there is a very practical poetry.If you had an HVAC unit in my Cooley. in the U.S., because decision- take the Chrysler and Empire State TriBeCa place, and it’s like Troutman Sanders: Robert Bourguignon, making sometimes is a little more buildings,their spires were an archi- having a small van con- 48, joined the law firm as a partner. He personal and fast, if there is confi- tectural feature to achieve the tallest stantly running inside the was previously of counsel at Wachtel dence in your capability in one possible building with the least apartment. To my knowl- Missry. field, then you will probably be able Kelley Drye and Warren: amount of mass and money. edge, the [energy certifica- Michael J. to do it in another. So, when I met tion program] LEED Plat- Loesberg, 48, joined the law firm Your proposed Dryline project is in a as a partner. He was previously a [News Corp. CEO] James Mur- inum is just the same as shareholder at Greenberg Traurig. doch and the team, we showed that genre you call social infrastructure. standard Danish building LCS&Z: Kyleen Cain, 33, joined the we were relevant and then spoke on Explain? regulations. accounting firm as a senior associate.

She was previously a senior accountant ennis buck at Teal Becher & Chiaramonte. —chris kobiella PLAY/LIST People, places and things that make Bjarke Ingels tick DANES AHEAD: In addition to black Terminal as well. Mr. Ingels warned: many a fan, broke up Norway aboard a EXECUTIVE PROMOTIONS bread, Mr. Ingels likes the chef at “The Danes are coming.” last year. midcentury schooner. “Did you read The fastest way to get an announcement into NoHo eatery Acme and the owner of Hitchhiker’s Guide to the Galaxy?” he Crain’s is to submit online. Fill out the form Greenpoint beer-tasting bar Tørst as DEEP CUTS: Mr. Ingels enjoys electronic TRAVEL: The Copenhagen native has asked. “The protagonist ends up at www.crainsnewyork.com/section/ executive_moves. The Executive Moves column top-notch emissaries of Danish music, especially the stylings of sibling spent weeks trekking across New bumping into one of Earth’s planners, is also available online. cuisine. There will soon be a Danish- duo the Knife, a critically acclaimed Zealand, and recently returned from a who says, ‘I won an award for the themed food market in Grand Central Swedish band that, to the chagrin of 10-day trip through the fjords of fjords of Norway.’ ”

September 21, 2015 | Crain’s New York Business | 21 20150921-NEWS--0022-NAT-CCI-CN_-- 9/18/2015 1:11 PM Page 1

FOR THE RECORD

Victory Boulevard to Sommers Lane on ● The Stuart Krichevsky Literary ● BlackRock Inc. (BLK) Staten Island. A bid document deposit Agency signed a seven-year lease for Robert S. Kapito, president, exercised ABOUT THIS SECTION of $35, in the form of a money order or 2,500 square feet at 6 E. 39th St. The options on 61,949 shares of common FOR THE RECORD is a weekly listing of information from the public record company check, is required. Bid tenant was represented by Elliot stock at $167.76 per share on Aug. 31, that can help businesspeople in the New York area find opportunities, documents are available at Zelinger of Savitt Partners. The in a transaction worth $10,392,564. nyc.gov/buildnyc. To make inquiries, landlord was represented by Elissa On the same day, he sold 50,000 potential new clients and updates on competitors. contact Emmanuel Charles at (718) Patterson of EJMB Realty.The asking shares of common stock at prices To ask questions or get more information on this section, contact 391-3170 or [email protected]. rent was $45 per square foot. ranging from $302.63 to $305.41 Crain’s research department at [email protected]. per share, in a transaction worth Seeks competitive sealed bids by 11 a.m. RETAIL $15,174,690. He now directly holds on Oct. 1 for the construction of ● Seoul Bistro signed a 15-year lease for 564,049 shares. complex pedestrians ramps adjacent to 3,600 square feet at a 245-room Holiday NEW IN TOWN ● 740 Realty Transit Authority and landmark Inn under construction at 300 ● C.R. Bard Inc. (BCR) 740 Fourth Ave., Brooklyn property in Manhattan. A bid document Schermerhorn St. in downtown Timothy M. Ring, chief executive, Companies that would like to have details Filed for Chapter 11 bankruptcy on deposit of $35, in the form of a money Brooklyn. The hotel is expected to open exercised options on 40,000 shares of of openings published should submit Aug. 13. The filing cites estimated assets order or company check, is required. Bid this fall. The eatery was represented by common stock at prices ranging from descriptions following this format to cnyb- of $1,000,001 to $10 million and documents are available at Jeff Geoghegan of Eastern $81.70 to $88.76 per share on Aug. 31, [email protected], with “New estimated liabilities of $1,000,001 to nyc.gov/buildnyc. To make inquiries, Consolidated. The landlord, Mehta in a transaction worth $3,409,000. On in Town” in the subject line. $10 million. The creditors with the contact Emmanuel Charles at (718) Family LLC, was represented by James the same day, he sold 40,000 shares of largest unsecured claims are 4th Sunset 391-3170 or charlesem@ ddc.nyc.gov. Famularo, also of Eastern Consolidated. common stock at prices ranging from ● Broken Spoke Rotisserie Estates, owed $1,003,593.54; Summer The asking rent was undisclosed. $194.22 to $197.00 per share, in a 439 Third Ave. Estates, owed $26,000; and Northeast ● Housing Authority transaction worth $7,806,996. He now The rotisserie-focused concept Enterprises, owed $20,000. Seeks competitive sealed bids by 10 a.m. ● Sum, a Cantonese restaurant from directly holds 124,008 shares. restaurant from chef Ed Carew opened on Oct. 1 for concrete pavement repairs chef Ben Pope, signed a 15-year lease for in Murray Hill. Alongside rotisserie ● Concept Flooring Workroom Corp. in Manhattan. Nonelectronic paper 1,600 square feet at 165 Ave. B, The ● Foot Locker Inc. (FL) options such as Amish chicken and 160 Dupont St, Plainview, L.I. documents are available Monday space includes an interior and garden Giovanna Cipriano, senior vice heritage breed pork, it offers a selection Filed for Chapter 11 bankruptcy on through Friday, from 9 a.m. to 4 p.m., at space. The tenant was represented by president and chief accounting officer, of small plates and sides based on Aug. 12. The filing cites estimated assets 90 Church St., sixth floor, for a $25 fee Alex Karas and Joe Robinson of Eastern exercised options on 40,000 shares of seasonal Greenmarket ingredients. of $500,001 to $1 million and estimated in the form of a money order or certified Consolidated. The landlord was common stock at a price of $18.84 per liabilities of $500,001 to $1 million. The check made payable to NYCHA. To represented by James Famularo, also of share on Aug. 31, in a transaction worth ● Señor Frog’s creditors with the largest unsecured make inquiries, contact Erneste Pierre- Eastern Consolidated. The asking rent $753,600. On the same day, she sold 11 Times Square claims are Michael Halebian & Co., Louis at (212) 306-3609 or was $125 per square foot. 40,000 shares of common stock at a The “infamous party scene” restaurant owed $53,000; Five Towns Realty, owed [email protected]. price of $71.52 per share, in a opened its first New York flagship $44,880.35; and Spartan Surfaces Inc., transaction worth $2,860,744. She now location.The 420-seat bilevel bar and owed $41,730.25. ● Department of Parks and Recreation STOCK TRANSACTIONS directly holds 44,788 shares. grill features live entertainment, Seeks competitive sealed bids by 10:30 margaritas by the yard, a bevy of Mexican ● Deetown Entertainment Inc. a.m. on Sept. 30 for the construction of a Following are recent insider transactions at ● International Business Machines (IBM) influenced dishes such as baja tacos and 373 Park Ave. South multiuse synthetic turf field and sport New York’s largest publicly held companies Bridget A. van Kralingen, senior vice mini-chicken chimichangas, and what it Filed for Chapter 7 bankruptcy on Aug. courts at Glenwood Playground, located filed with the Securities and Exchange president, sold 8,850 shares of common calls “endless amounts of fiesta.” 28. The filing cites estimated assets of $0 at Farragut Road and Ralph Avenue in Commission by executives and major stock at prices ranging from $144.00 to to $50,000 and estimated liabilities of Brooklyn. Bid documents are available shareholders. Listings are in order of $147.00 per share on Aug. 31, in a ● Vaucluse $1,000,001 to $10 million. between 8 a.m. and 3 p.m. in the transaction value.The information was transaction worth $1,286,739. She now 100 E. 63rd St. Blueprint Room, Room 64, Olmsted obtained from Thomson Reuters. directly holds 2,866 shares. Ⅲ The “lively and stylish brasserie” ● Kings Realty Enterprises Inc. Center, Flushing Meadows Corona featuring food by chefs Michael White 5308 13th Ave., Brooklyn Park, for a $25 fee payable by company and Jared Gadbaw opened on the Upper Filed for Chapter 11 bankruptcy on check or money order to the City of East Side. The 186-seat space offers a Aug. 13. The filing cites estimated assets New York, Parks and Recreation. To DEALS ROUNDUP variation of traditional and modern of $500,001 to $1 million and estimated make inquiries, contact Michael French cuisine, including filet of veal liabilities of $500,001 to $1 million. Shipman at (718) 760-6705 or TRANSACTION SIZE with seared foie gras and caramelized [email protected]. SELLER/TARGET (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE onion tartine in a black truffle jus, and ● Pretty Girl of Jerome Inc. steamed sea bass wrapped in swiss chard 3460 Jerome Ave., Bronx GOODS AND SERVICES AqueSys Inc./Rho Capital $300.0 Allergan plc SB M&A with manila clams in sauce vin blanc. Filed for Chapter 11 bankruptcy on ● Office of the Comptroller Partners Inc. (Manhattan); Carlyle Aug. 31. The filing cites estimated assets Seeks requests for proposals by 4 p.m. on Group; SV Life Sciences Advisers; Accuitive Medical Ventures; Longitude of $100,001 to $500,000 and estimated Sept. 24 for personal-trading Capital Management Co.; Innovation COMPANY MOVES liabilities of $100,001 to $500,000. compliance monitoring software Factory services. The written solicitation notice ● Rahmania Properties Wolverine Advanced Materials/ $300.0 ITT Corp. (White Plains, N.Y.) SB M&A Companies that would like to have details is available at comptroller.nyc.gov/ Goldman Sachs Group, Merchant of recent moves published should submit 40-34 74th St., Elmhurst, Queens forms-n-rfps/rfps-n-solicitations. To Banking Division (Manhattan); descriptions following this format to cnyb- Filed for Chapter 11 bankruptcy on make inquiries, contact Evelyn Dresler Wynnchurch Capital Ltd.; Beringea [email protected], with Aug. 28. The filing cites estimated assets at (212) 669-8235 or edresler@ Millennial Media Inc./Summerhill $253.0 AOL Inc. (Manhattan) SB M&A “Company Moves” in the subject line. of $1,000,001 to $10 million and comptroller.nyc.gov. Venture Partners; Columbia Capital; estimated liabilities of $1,000,001 to New Enterprise Associates; Redpoint ● Muji $10 million. The creditors with the Ventures; Valhalla Partners; General 475 Fifth Ave. largest unsecured claims are Koushik R. REAL ESTATE DEALS Catalyst Partners; Fidelity Investments; The Japanese lifestyle brand opened its Roy, owed $221,000; Mohamad Masum GrandBanks Capital Inc.; Commonfund Capital Inc.; Freshford Capital fifth New York City location, and largest Rahman, owed $195,000; and Razaul Companies that would like to have details Management (Rye Brook, N.Y.); Relay in the U.S., in midtown east. The shop, Jamee, owed $178,000. of their recent transactions appear in these Ventures; Harvest Growth Capital; which has 3,250 square feet on the listings should email descriptions following Bullpen Capital; BDCA Venture Inc. ● Syncapse Inc. ground floor and 8,400 below ground, this format to cnyb-research@crains Synergetics USA Inc./ $196.9 Valeant Pharmaceuticals SB M&A includes sections dedicated to 7 W. 22nd St. newyork.com, with “Real estate AWM Investment Co. (Manhattan); International embroidery where customers can choose Filed for Chapter 7 bankruptcy on Aug. transaction” in the subject line, or enter Nantahala Capital Management from more than 100 designs to add to 26. The filing cites estimated assets of $0 them online at crainsnewyork.com/ iBiquity Digital Corp./TEGNA Inc.; $172.0 DTS Inc. SB M&A clothing and textiles, an aroma lab where to $50,000 and estimated liabilities of submitadeal. Deals are listed in order of Grotech Ventures; Ford Motor Co.; customers can create their own scent, $1,000,001 to $10 million. The creditors square footage. Harris Corp.; CBS Radio Inc. (Manhattan); and a selection of books related to the with the largest unsecured claims are Columbia Partners Private Capital brand’s design ethos. Michael Scissons, owed $217,296.95; COMMERCIAL Blyth Inc./Ropart Asset Management $138.7 Carlyle Group FB M&A Martin Suter, owed $163,362.12; and ● Covington Fabric & Design renewed Funds; GAMCO Investors Inc. ● Pret a Manger Tina Daniels, owed $138,994.14. its 7,200-square-foot lease for five years (Rye, N.Y.); Nantahala Capital 1071 Sixth Ave. at 470 Seventh Ave. The tenant was Management; Okumus Fund The quick-serve restaurant and coffee represented by Brian Neugeboren and Management Ltd. (Manhattan) shop opened a location in midtown GOVERNMENT CONTRACT Marc Shoen of Savitt Partners. The Fuel Systems Solutions Inc. $135.9 Westport Innovations Inc. SB M&A west. The 2,100-square-foot outpost OPPORTUNITIES landlord was represented by Steven (Manhattan)/Becker Drapkin provides seating for more than 70 people Kaufman of the Kaufman Organization. Management as well as free Wi-Fi. Following are selected contract The asking rent was $45 per square foot. Gold Canyon Resources Inc./Sprott $42.6 First Mining Finance Corp. SB M&A opportunities recently announced by New Asset Management; Pinetree Capital York City agencies.To learn how to sell ● Steelborn Choppers, a steel fabricator Ltd.; Pathway Investment Counsel Inc.; Global X Management Co. (Manhattan); BANKRUPTCIES goods and services to city government, visit for high-end motorcycles, inked a 10- Pinetree Resource Partnership Ltd. www.nyc.gov/selltonyc. For a searchable year lease for 5,700 square feet at 39 Norman Ave. Eureka Financial Corp./ $35.3 Nextier Inc. SB M&A The following listings are selected from the database of current procurement notices, in the Greenpoint/ Maltese Capital Management most recent available filings by companies visit www.nyc.gov/cityrecord. Listings are Williamsburg area of Brooklyn. The (Manhattan); Stilwell Value (Manhattan) seeking bankruptcy protection in the alphabetical by category and department. tenant was represented by Vincent Selected deals announced for the week ended Sept. 3 involving companies in metro New York. SB Southern and Eastern Districts of New Lopez and Jacques Wadler of Kalmon M&A: Strategic buyer M&A represents a minority or majority acquisition of existing shares of a York. Information was obtained from U.S. CONSTRUCTION Dolgin Affiliates. The owner was company without the participation of a financial buyer. FB M&A: Financial buyer M&A repre- Bankruptcy Court records available on ● Department of Design and Construction represented by Mr. Lopez and KDA sents a minority or majority acquisition of existing shares of a company with the participation of a Public Access to Court Electronic Records. Seeks competitive sealed bids by 11 a.m. broker Howard Darsi. The asking rent financial buyer. source: capitaliq Listings are in alphabetical order. on Sept. 30 for the reconstruction of was $38 per square foot.

22 | Crain’s New York Business | September 21, 2015 ST_Crains_09-21-15 issue_fin.pdf 1 9/15/2015 11:35:21 AM T:11.125”

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