nb46p01.qxp 11/9/20078:17PMPage1

0 71486 01068 5 46 NEWSPAPER business units Citigroup’s key by decision GREG DAVID, PAGE 13 politics fare-hike get alessonin boss isaboutto The MTA’s new NEW YORK, NEW YORK, P.6 Times book fallsoff The Donald’s new PAGE 3 to sellassets owner Balazslooks Celebrity-hotel PAGE 3 Crain’s Eyeing abreakup: PAGE 2 News Daily Tabloid warover! just 2weeks See AT DEADLINEonPage2 competition fordeposits, ofintense cuts because rate with theFederal Reserve ofdepositinline certificates CUTTING NEW YORK BANKS CITY ARE NOT up beingsold. chainmaywind decline.The derailed bythehousing hasbeen but theeffort Zigerelli toleadaturnaround, tapped retail Larry veteran inlate2005and bankruptcy outof bought Levitz Corp. Great American Management andliquidator Prentice Capital million. creditors more than$25 based companyowes its Manhattan- in 10years.The forthethirdtime bankruptcy WEEK LATE LAST FURNITURE RETAILER LEVITZ TDEADLINE AT O STORIES TOP networking networking ofsocial master theart to Baby boomerstry ONLINE ANXIETY BUSINESS LIVES the rates on the rates ELECTRONIC EDITION list after grades filed for PAGE 43 wins

daniel byrne VOL. XXIII, NO. 46 in july, n aerule.o,baigGol n.and Yahoo Inc. beatingGoogleInc. and CareerBuilder.com, dealswith itwonexclusive Inc. attractiveafter Time pecially es- became Quigo Seven-year-old estimated $350million. wasscoopedupbyAOL foran and establishedGooglerival, the New York Exchange. Stock tradingat$13ashare on started ny togopublicintwoyears, techcompa- thefirstlocal Dice, successful publicoffering. outa Itcarried possible foraManhattan-basedtechfirm: high-tech deals Firm owners, venturecapitalists owners, Firm Just last week, Quigo, an online advertising powerhouse anonlineadvertising Quigo, Just lastweek, cash inaslargecorporations Blockbuster Blockbuster snap up firms for bigbucks snap upfirms dice holdings inc. WWW.CRAINSNEWYORK.COM THE PAYOFF BY AMANDA FUNG accomplished ataskalmostim- COMINGNEXT WEEK COMINGNEXT fastest-growing fastest-growing NY companies. and profiles key firms. Also, the 100 at the new breed of York is booming. The tech looks report The online advertising sector in New See BLOCKBUSTER onPage8 See BLOCKBUSTER NYC in two years. first such IPO in public. It was the took his firm, Dice, SCOT MELLAND A D T T E C H N O L O G I S T as NY delays soar Private flights drop small airports’ traffic airports’ small alsopinch carriers Costs, rules,major tion data. to Federal Aviation Administra- according in theNew York region, isdeclining jettravel and corporate private elsewhere inthecountry, thatmaybetrue While booming. is suggestingthattheindustry jets, azines are withadsforprivate filled national newspapers BY POTKEWITZ HILARY keep shooting shut down;movies talk shows,series Losses mountas sta evc t are ontheline. it, es thatservice business- 4,000 smallandmidsize astheemployeeswell ofabout in New York City’s filmindustry,as 78,000 unionmemberswhowork Butthelivelihoodsof ducers. and tion Picture Television Pro- walking outontheAllianceofMo- ternet—may havealottogainfrom residuals mediaandtheIn- onnew toshoot. left onescript haveonly mere Mafia, including sitcoms like shows, thelate-nighttalk week onall workers are facingpainfullosses. production businesses and film cal lo- the Writers ofAmerica, Guild by just one weekintothestrike BY MIRIAM KREININ SOUCCAR suppliers strike hits Writers’ In recent years, secondary air- secondary In recent years, Fears ofalengthyare strike are seeking The writers—who Production toahaltlast came audyNightLive Saturday Gossip Girls . Some shows, Some 30 Rock. ® and and mag- Cash- and ooyee hnsaot”says thinksabout,” nobody ever somanypeople that that ithurts cials lastedsixmonths. in2000 strike against theproducers ofcommer- Anactors’ try. theindus- months andparalyzed lastedfive in1988, writer’s strike, thelast heightened because trade groups attribute thedrop groups to trade attribute Business-jet jetprivileges. to curb Thathasledsomecompanies ing. inexecutivespend- transparency demandgreater which years ago, passedfive rules, banes-Oxley Guardia. tional andLa Interna- Newark Liberty tional, KennedyInterna- JohnF. ports: flat forthearea’s three majorair- aviationdata are General is robust. nationwide though thejetindustry planes—even andhobbyist charter corporate, include flights—which aviation the numberofgeneral haveseenadrop in chester County from ports Teterboro to West- “The problem with the strike is problem withthestrike “The Financial analysts pointtoSar- analysts Financial PAGE 20 PAGE G 12 PAGE G theaters at any time. which could shut down authorization to strike, Stagehands won AND ONB’WAY hangs toughintalks economic reality REPORT Theater leagueexec Theater examines Editorial Sources to help See WRITER’S STRIKE onPage8 See WRITER’SSTRIKE NOVEMBER 12-18, 2007 PRICE: $3.00 entrepreneurs BUSINESS PAGE 23 SMALL See PRIVATE on Page9 CNYB 11-12-07 A 2 11/9/2007 8:02 PM Page 1

AT DEADLINE FADING GLOW: Andrea Simoneau Continued from Page 1 expected Firefly to online radio stations, share it thrive in a revived figures from Bankrate.com with friends and download seaport; instead, she show. Six-month CDs declined digital songs or buy CDs from had to lay off staff. an average 29 basis points while other music stores.The the Fed reductions since Manhattan-based startup plans September total 75 basis points. to make money from banner Among banks making the and text ads on its site, steepest cuts have been Chase, www.jango.com, and a portion which chopped yields on six- of music sales. month CDs by a half a percentage point, to 3.25%; THE THIRD FOUNDER OF THE Sovereign, which cut money INFAMOUS Bayou hedge fund, market yields by a quarter of a James Marquez, will be percentage point, to 4.5%; and sentenced next week after Queens County Saving Bank, pleading guilty to defrauding which slashed its jumbo money investors of as much as $450 market yield by half a million. Mr. Marquez’s percentage point, to 3.35%. sentencing, scheduled for October, was delayed for THE FIVE BIDDERS SEEKING TO investigation of newly released DEVELOP the 26-acre Hudson case documents that contained Yards finished formally forgeries of his signature.The presenting their proposals last federal prosecutor is seeking the week to the land’s owner, the maximum five-year prison Metropolitan Transportation sentence, plus millions of dollars Authority. Sessions lasted in damages. around two hours, and the

MTA asked only general BARUCH COLLEGE’S ZICKLIN roger hagadone questions. But sources said the SCHOOL OF BUSINESS unveiled bidders are expecting more a Master of Science degree in specific questions from the real estate and says it expects to MTA.The five bidders are the have about 125 students Extell Development Co.; The enrolled when the program Seaport becalmed Related Companies; Brookfield starts in September 2008.The Properties; a joint venture college, attempting to compete between Tishman Speyer and head on with New York Morgan Stanley; and a joint University’s real estate Lack of revitalization plan stymies area’s revival venture between The Durst programs, just started an MBA Organization and Vornado program with a concentration in BY ELISABETH BUTLER CORDOVA Realty Trust. real estate this fall.The MS degree will cost about $10,000, JANGO, A FREE INTERNET RADIO compared with about $50,000 nearly three years after General Growth Properties bought the South Street Seaport and SERVICE with social networking for the program at the NYU promised to turn the aging tourist attraction into a popular destination for locals and visitors features, launches Monday. It School of Continuing and alike, the area remains unchanged, with no signs of progress on the immediate horizon. will let users create their own Professional Studies. I The real estate investment trust has yet to present a master plan to city officials for remaking the waterfront area, which includes an outdoor shopping area with national chains such as CORRECTION Talbot’s, as well as Pier 17,a 25-year-old indoor mall long criticized for its schlocky shops. Even The article “Crunch squeezing out top-line work” in the Nov. 5 “Business of Law” report did not include all of the reasons for a decline in business for Clifford Chance’s M&A group in August. the rumor mill—once grinding away on speculation that a theater or other cultural institution The drop was due primarily to vacations. Business is now close to pre-July levels. The firm has would take root at the site—has grown quiet. not been reassigning lawyers in response to the credit crisis. “We are waiting to hear from them on their overall plan,” says a spokeswoman for the city’s Economic Development Corp. “We are anxious to see it, too.” THIS WEEK IN CRAIN’S See SEAPORT on Page 8

45 GREG DAVID ------13 WEEK IN REVIEW ------16 Post loses its No. 1 spot in THE INSIDER------18 REPORT: GROWING Paper’s cutbacks per, which is owned by News Corp. to prove that they could, but once A BUSINESS GUIDE------23 Weekday circulation fell 5% in the they did and the paper still didn’t six months that ended Sept. 30, convert to a profitable business, it NEIGHBORHOOD reduce circulation; paper emphasizes drop-kicking the paper behind the became like, ‘Now what?’ ” says JOURNAL------37 News. Martin Dunn,deputy publisher and Sunday edition If the long-running tabloid editor in chief of the News. CLASSIFIEDS ------38 street fight isn’t over, it has entered a A spokeswoman for the Post did new phase, with the News winning not respond to a request for com- REAL ESTATE DEALS------40 BY MATTHEW FLAMM the latest bout by a decision. ment. The Post issued a statement that the circulation numbers reflect THE WEEKS AHEAD ------41 for the past seven years, the Entertaining squabble “a reduction in our expenditure on BUSINESS LIVES------43 New York Post has been the fastest- the battle has certainly been en- promotions [and] price increases growing newspaper in America. tertaining. Post editor in chief Col outside of New York City.” CORPORATE LADDER------45 The brash tabloid defied the nation- Allan’s visits to “gentlemen’s club” In other words, being No. 1 was- EXECUTIVE MOVES------45 wide downward circulation trend Scores became regular fodder for n’t worth it: The circulation gains and never missed a chance to razz its the News. In turn, that paper gets failed to strangle the News or attract LIVING LARGE------47 46 rival,the Daily News.Last fall,when pummeled almost daily in the Post’s enough advertising to turn the Post BOB LAPE ------47 the Post pulled ahead of the News in media and gossip pages, where it is around. circulation for the first time,it trum- known as the Daily Snooze. Ad revenue at the Post grew a vol. xxiii, no. 46, november 12, 2007—Crain’s New York Business (issn 8756-789x) is pub- lished weekly by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Period- peted the victory on the front page. Though insults continue to fly, healthy 14% in the first half of 2007, icals postage paid at New York, N.Y. and additional mailing offices. Postmaster: Send address There was no trumpeting last Mort Zuckerman’s News ekes out a to $149 million, but remained far changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call (888) 909-9111. Fax (313) 446-6777.$3.00 a week. The Post didn’t carry a word profit, while Rupert Murdoch’s Post behind its competitor. Though ad copy, $59.79 one year, $109.79 two years. (GST No. 13676-0444-RT) ©Entire contents about the latest Audit Bureau of loses buckets of money. revenue rose just 1% at the News,it copyright 2007 by Crain Communications Inc. All rights reserved. Circulations report showing that “It seemed [executives at the billed $251 million, according to the helium had gone out of the pa- Post] wanted to beat the Daily News TNS Media Intelligence.

2 | Crain’s New York Business | November 12, 2007 CNYB 11-12-07 A 3 11/9/2007 8:10 PM Page 1

Sizing up Citigroup Balazs itigroup chief executive Charles Prince unaffected, which will let Citi continue pumping out its quarterly to sell resigned in disgrace last week as the global giant dividend—currently 54 cents a share. announced $11 billion in likely write-offs and its Citigroup is a grab bag of divisions. Some rank among the best shares shed 12% of their value. On the other hand, the in their business; others are deeply troubled. Here’s a report card Cnation’s largest bank announced that cash flow is on six of them. —tom fredrickson assets CHARLES PRINCE ROBERT RUBIN SIR WIN BISCHOFF RATINGS Puts half of portfolio Things went from bad Former top dog at Little-known London ####= Best in class to worse during his Goldman Sachs and banker takes on task ###= Good on market to get four years as Citi’s the U.S. Treasury tries of interim chief ##= Okay expansion capital CEO. Left with $29.5 his Teflon hand as executive and binder #= Troubled million in options. Citigroup chairman. of wounds.

bloomberg news BY LISA FICKENSCHER Capital Markets and Investment Banking U.S. Consumer Lending andré balazs, whose swanky ho- # $55 billion # 560 tels and romantic interests are fre- Subprime debt exposure Delinquent-mortgage collectors hired in 2007 quent fodder for gossip columns, is THIS BUSINESS, which includes the remnants of one-time Wall Street DARKENING ECONOMIC SKIES portend trouble for Citigroup’s vast consumer- courting investors to buy half of his powerhouse Salomon Brothers, is bigger on bonds than equities and ranks as lending operations. In the third quarter, indications that borrowers were getting hotel portfolio. the world’s largest underwriter of debt. That concentration has cost the company later in making payments for mortgages and other loans led the company to The hotelier retained brokerage dearly this year. Mountains of hybrid debt securities tainted with subprime increase loan-loss reserves, for a $1.3 billion hit to earnings. Strapped firm Eastdil Secured to sell Hotel mortgages have imploded. The meltdown has forced Citigroup—which had been consumers are only part of the problem. Citi was slow to boost its rainy-day fund QT of New York,and the three Stan- one of the largest packagers of such securities—to take billions of dollars in write- as loan volumes, including mortgages and auto loans, swelled to $377 billion. dard Hotels in Los Angeles, Holly- downs. A slump on Wall Street dims recovery prospects for the unit. Catching up may take may take many months—and dollars. wood and Miami.Mr.Balazs says he is close to concluding a deal with a buyer, whom he declined to identify. “We want to take the equity out International Consumer U.S. Branch Banking of these properties and reinvest it in ### 604 Number of branches opened in the past year # $133 million Average deposits at branches additional hotels,” MASSIVE INVESTMENTS in this business have paid off handsomely for Citi. AFTER YEARS OF LITTLE EXPANSION, Citi has opened about 100 branches this he says. International consumer loans have grown 29% over the past year, while year. Trouble is that the tardy growth spurt brings the total to just a little over As a condition 80% of the sale, André OCCUPANCY foreigners racked up 22% in additional credit card debt. The company has 1,000. The bottom line: The bank has a long hike to catch up with J.P. Morgan achieved by extensive networks in many of the world’s fastest-growing economies in Asia Chase and Bank of America, which have three and five times as many Balazs Properties celebrity-hotel and Latin America. But as Citi expands into new markets, it is making pots of branches, respectively. Deposits were up 16% in the third quarter compared would continue to chain; room loans to customers it has never done business with before. As those loans age, with the year-earlier period. But many of those are high-rate Internet deposits manage and oper- rate is $227 defaults inevitably rise. and certificates of deposit, which have squeezed margins on lending. ate the hotels, which, according to Eastdil, com- mand an average nightly room rate of $227 and an 80% occupancy rate. Global Wealth Management U.S. Credit Cards Mr.Balazs is not selling The Mer- ### 15,458 Number of brokers and private bankers ## 21% Third-quarter decline in credit card income cer in New York,Chateau Marmont of Hollywood,The Raleigh in Miami AS THE GILDED RANKS of the affluent ballooned in recent years, Citigroup THIS BUSINESS IS HUGE and highly profitable for Citigroup, generating earnings and Sunset Beach in Shelter Island. invested heavily in beefing up its formidable wealth management units— of $852 million in the third quarter alone. Unfortunately, the unit has two “We may refinance them,” he says, primarily the private bank, Smith Barney, and big Japanese retail brokerage problems: It’s not growing, and many customers are less creditworthy holders of “but the other [hotels on the block] Nikko Cordial Corp. Citi paid $4.6 billion last month for the third of Nikko that it private-label cards from stores like Home Depot and Sears. Citigroup executives are easier for one investor to buy.” did not already own. The Japanese unit is already showing returns, helping to blame the division’s lackluster growth on the absence of marketing—something swell brokerage income by 29% in the third quarter. But a hiring spree in private that could change. But credit losses will rise if the nation slips into a recession in Others sell real estate as well banking helped hold net income growth there to only 5%. the coming months. in recent years, many major hotel companies, including Starwood Hotel & Resorts and Hilton Hotels, have been selling their real estate while negotiating lucrative property management contracts to continue operating the hotels. long-running war between tabloids “[Mr. Balazs] might be morph- ing his operation from a real estate business to a management compa- taking the News. A combination of The aim is to boost Sunday circu- ny,” says Thomas McConnell, sen- BATTLE OF THE BILLIONAIRES Mr. Allan’s tabloid pizzazz and a lation far above its modest 405,486 ior managing director of Cushman cover price cut to a quarter from 50 copies and to take advertisers from & Wakefield’s hotel group. cents drove the circulation surge— both the Times and the News. The 50-year-old mogul, who and contributed to annual losses Although the effort is still in the owns 10 residential properties and said to be in the tens of millions. early stages—and betting against boutique hotels in several cities, is Mr. Murdoch is generally a mis- currently developing another Stan- Quick retreat from 50 cents take—the celebrity- and fashion- dard Hotel in the meatpacking dis- in april, the first-place Post tried to oriented Page Six Magazine has so trict.That property is not part of the return to charging 50 cents but far fallen flat with marketers. sale, says Mr. Balazs, because it has quickly retreated back to two bits “I’m skeptical it’s going to in- separate investors from the other within the city when newsstand crease the [Sunday paper’s] circula- Standard Hotels. sales plunged. tion,”says Roberta Garfinkle,direc- “There is such a great advantage Mr. Murdoch, the new owner of tor of print strategy at TargetCast to having a strategic partner,” says MORT ZUCKERMAN RUPERT MURDOCH Dow Jones & Co,is now busy tinker- tcm. “There are a lot of other places restaurateur Steve Hanson, who ing with The Wall Street Journal and people can go for that content.” sold his restaurants to Starwood Chairman, Publisher NYP Holdings Inc., Chairman CIRCULATION 681,415 CIRCULATION 667,119 leading some analysts to wonder how Analysts also think it’s a little Capital Group this year but operates PERCENTAGE DECLINE 1.7% PERCENTAGE DECLINE 5.2% much attention the tabloid will get. late in the game to go after the Sun- the eateries and holds a 50% stake in Weekday figures for the six months ended Sept. 30, 2007. Source: Audit Bureau of Circulations News Corp. is still investing in day market.“It used to be a day peo- a joint venture with the investment landov bloomberg news the Post. The paper has been ag- ple stayed home; now they’re out group. “I will double my business gressively pursuing talent for an ex- running marathons and playing from 2007 to 2008,and I would nev- “There isn’t enough room in magically—and greatly—enlarges panded Sunday edition that in- tennis,” says Benchmark Co. ana- er be able to do it without [Starwood New York for two profitable its advertising base.” cludes a glossy Page Six Magazine lyst Edward Atorino. Capital Group].” tabloids,” says newspaper analyst The Post had long believed that that was launched two months ago John Morton. “Unless the Post it could expand that base by over- and is being heavily promoted. COMMENTS? [email protected] COMMENTS? [email protected]

November 12, 2007 | Crain’s New York Business | 3 CNYB 11-12-07 A 4 11/9/2007 8:05 PM Page 1

IN THE MARKETS HIGHLIGHTS REEL No static for Arbitron -3.4% The Bloomberg/ as people meters thrive Crain’s New York Index

➡ fell 3.4% to successful rollout of the company’s Analysts forecast per-share earnings of end the Radio industry falters, portable people meter system, which re- $1.78 for 2008. week at 361. but stock is a buy as places the decades-old handwritten diary Observers say operators need PPMs. The S&P method of audience Advertisers have been 500 Index firm dominates field measurement. For pushing radio for years fell 3.7%, Arbitron, PPMs to adopt an automated closing at promise greater profit system that would 1454. BY MATTHEW FLAMM margins and the pos- provide more credible sibility of branching audience numbers. dvertisers and listeners into other businesses. PPMs can also be alike continue to forsake ra- The devices have been used to measure such dio,helping to push the Dow introduced in five things as consumer Jones Broadcasting & En- markets this year, in- buying habits, because tertainment index down 8% cluding Philadelphia the cell-phone-sized RISERS Athis year.But all that bad news hasn’t hurt and New York, and device can pick up cod- 5-DAY 1-MONTH 3-MONTH CLOSING Arbitron Inc. will go live in nine ed audio signals from % CHANGE % CHANGE % CHANGE PRICE The media and marketing research more in 2008. an assortment of me- Marvel Entertainment +16.8% +4.6% +23.2% $27.23 firm that controls the business of measur- Though Arbitron’s dia, including point- Ambac +10.8% -62.1% -62.5% $26.04 ing radio audiences nationwide has been financial health is tied of-sale store displays. getting top ratings from investors.Steadi- to radio’s fortunes,an- Arbitron is in the early Aéropostale +6.8% +19.5% +8.5% $23.40 ly growing profits, a rock-solid balance alysts say that the in- stages of a joint venture Kenneth Cole +5.5% -0.7% -4.7% $18.99 sheet and a hot new product have com- dustry’s flat to low- Market cap $1.4 billion with Nielsen that Estée Lauder +4.6% +1.8% +2.1% $44.17 bined to lift the shares 14% this year.Trad- single-digit revenue Projected 2008 P/E 27.4 would use PPMs to ing at 26 times next year’s projected per- growth should pose Total debt $0 measure what products share earnings, the stock isn’t cheap. But no problem for the television viewers buy SINKERS investors would be wise to note the lack of company. They point after watching com- 5-DAY 1-MONTH 3-MONTH CLOSING competition, as well as solid growth out that while radio is mercials. % CHANGE % CHANGE % CHANGE PRICE prospects, and tune into Arbitron. stagnant, it has high profit margins, and “The rollout of the new PPM system Cognizant Technology -24.7% -27.3% -27.6% $30.80 “Arbitron is well-positioned as the de large radio groups can afford PPMs, even should provide a steady stream of revenue Lifetime Brands -22.8% -38.4% -40.8% $12.36 facto monopolist in radio audience re- though they’re more expensive than the growth through 2011,” says Richard Tul- search to maintain its pricing power with JetBlue Airways -19.7% -24.2% -29.4% $7.02 old system of listener diaries. lo,equity research analyst at Sidoti & Co. its high-margin radio clients,” James Arbitron’s revenue is projected to grow “Arbitron’s revenue stream is independ- Comverse Technology -12.6% -15.0% -3.0% $16.82 Boyle, an analyst at CL King & Associ- 7% this year, to $353 million. Earnings ent of the economic cycle.” IBM -12.5% -15.2% -9.4% $100.29 ates, writes in a research note. are expected to slip 16%, to $1.41 a share, Key to that rosy outlook is the so-far because of the costs of the PPM rollout. COMMENTS? [email protected]

STOCKS TO WATCH by Erik Ipsen Whiter teeth and fresher breath yield a stock fit for all markets FAR FROM a wobbly Wall Street, a ruinous housing market and the punishing price of petroleum, there’s good money to be made in the mouths of the masses—and Colgate- Palmolive is making it. The toothpaste titan expects double-digit profit growth through 2008. Credit goes to a three-year-old restructuring brushing up margins and to strong We are bankers who listen to you. Sterling National Bank, New York’s leading community bank specializing sales growth in Latin America and in personal service for business clients, is listening. We understand, It Starts with Hello. Asia. The shares are up 17% this year. COMMITTED TO YOUR SUCCESS: BUSINESS LINES OF CREDIT AT PRIME* We understand your needs and allow you to quickly borrow up to $250,000 with: Talk about the sins of their fathers: It seems that Hertz shareholders are paying for huge debts piled on Hertz Group after its leveraged buyout. It went • NO FINANCIALS REQUIRED public a year ago with a staggering $12.5 billion in debt, equal to 70% of the • One-page streamlined easy application company’s market value. In jittery markets, that kind of leverage makes investors break into hives. No wonder the shares fell 12.5% last week, helped And, if you need more funds, we offer lines up to $10,000,000. by last week’s downbeat forecasts from Avis and Dollar. BANKERS YOU CAN REACH Say “Hello” to personal business banking provided by bankers who listen to you. Contact Anthony Migliorino, On Wednesday, several second-rate Senior Vice President, at (212) 935-7245 or via email at [email protected] today. pictures painted by first-rate artists failed to sell at a Sotheby’s auction in *For the first six months Prime Rate as noted in the WSJ. Introductory rate subject to change at anytime. midtown. The next day, in the auction of Sotheby’s shares called stock market trading, investors panicked, crushing the auctioneer’s share price. Ridiculous? Certainly. But on the other hand, Sotheby’s shares are now www.SterlingNationalBank.com up 5% this year, not too far behind that other great barometer of the state Our Doors Are Open All The Way To The Top | Est. 1929 • NYSE: STL • Member FDIC of the high-roller market: Tiffany. charts: grange paul

4 | Crain’s New York Business | November 12, 2007 Project3 11/5/07 11:59 AM Page 1

Empire Prism SM is premium health care without the premium price .

( If that makes you feel good, we’re already doing our job.)

If your company has 2 to 200 employees, here’s great news. Introducing Prism, the kind of coverage you’ve always wanted for your employees but didn’t think you could afford. Including 100% preventive care coverage, discounts on fitness club memberships and wellness products, plus access to the nation’s largest network of doctors and hospitals.* You’ll appreciate the price; your employees will appreciate you. To learn more about Prism, call your broker, contact us at 877-875-4773 or visit EmpirePrism.com/a.

*By choosing Prism, consumers will have access to the largest New York network as well as the largest network across the country through the Blue Cross Blue Shield Association’s BlueCard® network. Services provided by Empire HealthChoice HMO, Inc., and/or Empire HealthChoice Assurance, Inc., independent licensees of the Blue Cross and Blue Shield Association. The Blue Cross and Blue Shield names and symbols are registered marks of the Blue Cross and Blue Shield Association. © 2007 Empire BlueCross BlueShield. nb46p06.qxp 11/9/2007 6:39 PM Page 1 Berlin Boston BuenosAires Chicago Frankfurt London LosAngeles Madrid Milwaukee NewYorkParis Philadelphia SanFrancisco SaoPaulo Seattle SiliconValleyNorthernVirginia Sydney WashingtonDC

Metropark Corporate Center NEW YORK,NEW YORK Iselin, NJ edited by Valerie Block welcomes

IBM Corporation represented by Unstellar start for Trump’s latest tome Joseph A. Cabrera ook buyers may finally be experiencing Donald fatigue. Donald Michael B. Gordon Trump Jeffrey A. Prezant ’s Think Big and Kick Ass in Business and Life will drop off Edward J.Weiss of BThe New York Times best-seller list on Sunday, just two weeks Cushman & Wakefield, Inc. after its debut. It never rose higher than No. 7. Even worse, Think Big sold only 28,000 copies between Oct. 1 and Nov. 4, according to Nielsen BookScan, which tracks about 70% of the market. By comparison, last year’s Why We Want You to Be Rich, co-written by Robert Kiyosaki, sold 94,000 copies during the same period. It debuted at No. 1 and stayed on the Times list for a month. The Donald pooh-poohs the numbers. “My brand is hotter for leasing information, please contact: than ever,” he says with his usual swagger. His boosters agree. Todd D. Silverman Co-author Bill Zanker, who is also president of The Learning Annex, predicts that fans will buy copies at Mr.Trump’s 212.715.0300 Learning Annex expos. A spokesman from publisher Collins says the return of The Apprentice this winter will also boost sales. But a publishing executive at a rival house says of Mr.Trump,

“He’s overexposed.” ap images Brooklyn is attracting more than not satisfied with its 46 branches Hanson looking Manhattan expats these days. there, is searching for more space, for bigger bite Retail chains, chasing those latte- particularly in areas where loving professionals, are planning incomes are rising, says John Guido, restaurateur Steve Hanson’s to expand in the borough. the bank’s market director of real hunger for success remains Starbucks already has 21 stores estate. unsated. in the County of Kings, but with As part of working-class minority his joint neighborhoods like Crown Mood music venture with Heights, Ditmas Park and up for grabs hotelier Barry Bedford-Stuyvesant on a Sternlicht,Mr. gentrification roll, the coffee chain the grand hyatt New York is Hanson is looking to open 25 more putting its atmosphere on sale. (right) is on locations in each of the next three The hotel has launched online the prowl to years, says Jeff Winick, the chain’s music store Long established buy a exclusive broker in Brooklyn and Grandnewyork.hyattmusic.com, restaurant Queens. offering MP3 downloads of the commitment company with Other major retailers growing mellow jazz played in the hotel’s revenues of about $70 million. their operations across the public spaces. Weiser LLP The goal is to expand his eatery bridges include Duane Reade, The compilations don’t come Certified Public Accountants empire into the 15 properties that which plans to double the cheap. Audiosuite, the London Mr. Sternlicht expects to open in number of its Brooklyn locations company that created the Web the next two years. to 60 in the next several years, site, says the albums are $18.50— Mr. Hanson said last March according to Vice President almost double what most that companies with about $30 Michelle Bergman. collections cost on iTunes. to the million in annual revenues would And J.P.Morgan Chase Bank, The marketing gimmick New York City New York serve his purposes, but the B.R. debuted last month with about 15 135 West 50th Street New York, NY 10020 business community Guest founder’s appetite has selections from a range of artists, Tel 212.812.7000 grown. PARTY POOPERS including Brazilian songstress Ive Fax 212.375.6888 For nearly a century,Weiser has provided Smaller firms “just don’t have Mendes and European jazz duo what it takes to expand,” he says. ONLY 85% of corporations say dZihan & Kamien. About 200 Long Island accounting, tax, and consulting services, such they’ll throw a holiday party this 3000 Marcus Avenue as state and local tax planning, internal audit “They’re still working out their albums will be available by year. That’s a 9% drop from Lake Success, NY 11042 outsourcing, and business restructuring, growing pains.” December. Tel 516.488.1200 to private clients and business enterprises, The restaurateur says he’s in no 2006 and the lowest number The Hyatts in Austin,Texas, Fax 516.488.1238 including closely-held and emerging entities, hurry to make a deal. He’s since 2001, when 83% of and Scottsdale, Ariz., were the Westchester in a variety of industries including: watching to see if the shaky companies got down with first to have music sites. The 660 White Plains Road economy implodes. employees, according to an company will eventually roll the Suite 430 • Real estate In the meantime, Mr. Hanson, annual survey by executive program out to all its properties. Tarrytown, NY 10591 • Manufacturing and distribution who owns 17 eateries, including search firm Battalia Winston It’s not the first hotel group to Tel 914.333.0555 • Auto dealerships Fax 914.333.0556 Fiamma and Dos Caminos, is International. market its background sound—W • Media and communication launching his second Las Vegas hotels carry CDs—but it claims to New Jersey • Banking spot, another Dos Caminos, in be the only one selling tunes 399 Thornall Street • Food and dairy Edison, NJ 08837 January at the brand-new Palazzo online. • Health care hotel. “The sites will become a place Tel 732.549.2800 • Financial services Fax 732.549.2898 for people to discover new music,” • Professional services says Michael Conn, managing www.weiserLLP.com • Not-for-Profit Gentrifying B’klyn director of Audiosuite. For more information, contact Douglas Phillips at 212.375.6701. attracts chains Contributors: Erik Engquist, Lisa Fick-

with its ever-growing hip factor, istockphoto enscher, Matthew Flamm

6 | Crain’s New York Business | November 12, 2007 Project6 10/16/07 3:58 PM Page 1

SMALL BUSINESS BANKING

YOU’RE THE BOSS WITH A MILLION THINGS TO DO. WE’RE THE BANK MAKING SURE IT ISN’T A MILLION AND ONE.

Business Advantage Checking

Every small business runs differently. That’s why our Business Advantage Checking is customizable and comes with the accounts and online services that make managing your cash fl ow easier. Get Express Invoicing™ to get paid faster, or Easy Online Payroll™ with direct deposit to better manage the money going out. With Business Advantage Checking, you can also get a business checking, business savings and personal checking account free of monthly maintenance fees. It’s all part of our small business checking and it’s only at Bank of America.

You’re the boss, we’re your bank.TM

Visit your local Bank of America, call 888.600.4000, or go to bankofamerica.com/theboss. Put us to work for you.™

Please see the Business Schedule of Fees for complete details on fees related to this account. Bank of America N.A., Member FDIC © 2007 Bank of America Corporation. All rights reserved. CNYB 11-12-07 A 8 11/9/2007 8:07 PM Page 1

The Screen Ac- tors Guild con- Writers’ strike hits suppliers tract expires in June. Rumors are Continued from Page 1 forced to sell some of his prized 350 continues through December. rampant that Dyann Klein, owner of Props for vehicles just to stay afloat. “It can get ugly fast,” Mr. Ford members will Today. “It trickles down to the The losses are all the more frus- says. “Most of my members live strike, which sound people, the designers, the as- trating because TV and film work check to check.” would shut the sistants—and companies like mine has hit records in the city in the past Feature films represent the only industry down that have to pay our rent.” few years. saving grace. Movie scripts don’t completely. Ms.Klein,who supplies furnish- Thanks largely to a 15% city and need to be tweaked by the writers “Entertain- ings and other material for shows, state tax credit that went into effect like those for TV shows. A number ment is America’s says she will lose about $100,000 by in 2005, the number of location of features will be filmed in the city largest export,” SEEKING MORE PAY: the end of the month and predicts shoots in New York jumped almost in the coming months, including a Writers seek money for says Stuart Match the same loss every month that the 10% last year, to 34,718, and a remake of The Taking of Pelham 1 2 use of their work on Suna,president of strike continues. record seven network shows that 3, for which sets are being built at other platforms Silvercup Studios

film here were picked up. Kaufman Astoria Studios. bloomberg news in Long Island Frustrating time Nearly 90% of the 1,600 mem- City, Queens, gino lucci, president of Picture bers of studio mechanics union Lo- Strikers’ remorse try and the ancillary businesses, and where 30 Rock, Cashmere Mafia and Cars East Inc., which provides cal 52 have been employed full-time the writers guild is aware that we’re aware it causes a lot of pain,” Gossip Girls should be in full swing. everything from fire trucks to Fer- since 2005.Forty workers at 30 Rock the strike has ramifications for oth- says Michael Winship, president of “Wouldn’t it be a shame if this raris for TV shows and movies, says were laid off last week when produc- ers. the Writers Guild of America East. was the tipping point that pushed us he expects to lose 60% of his busi- tion stopped. John Ford, Local 52’s “We’re very cognizant of the fact “We hope it ends quickly.” into a major recession?” ness by the end of the month. If the president, says that half of its mem- that our actions affect all sorts of Those contract negotiations are strike drags on, Mr. Lucci will be bers will be unemployed if the strike people in the entertainment indus- just part of the industry’s concerns. COMMENTS? [email protected]

New York tech firms, in particu- entertainment Web site, was pur- lar, have become attractive acquisi- chased by media company Hearst Blockbuster high-tech deals tion targets because of the industries Corp.; Game Trust, which operates they serve. For example, many deals casual-game Web sites, was bought Continued from Page 1 led by private equity were driven by companies trying to by digital entertainment provider It’s been a stellar year TECH TRIUMPHS shops.In June,TA Asso- grab a bigger share of the booming RealNetworks Inc. for the owners of city Top five tech M&A deals in 2007 in which the target is based in NYC. ciates bought In- online advertising market. Buyers are jumping on companies tech firms as investors traLinks Inc.,a financial The frenzy was triggered by with proven business models. Man- and buyers swoop in. COMPANY BUYER ESTIMATED PRICE software provider, for Google. The search giant bought hattan-based Hitwise, an Internet “We have seen a re- $340 million. In- marketing research firm founded in DoubleClick Google $3.1 billion Manhattan-based DoubleClick Inc. newed acceptance of on- traLinks had attempted for a lofty $3.1 billion in April.Then 1998, was a particularly attractive line companies, which Right Media Yahoo $680 million to go public twice since Yahoo acquired the stake in Manhat- target: It has signed up 1,200 clients, wasn’t the case several Quigo AOL $350 million 2000; it withdrew its tan-based Right Media that it didn’t and it generated $40 million in rev- years ago,” says Scot most recent filing in already own,for $680 million.A slew enues in 2006. Hitwise was acquired Melland,chief executive IntraLinks TA Associates $340 million 2005, citing “unfavor- of similar deals followed. by global information services of Dice, an operator of Tacoda AOL $275 million able market conditions.” provider Experian for $240 million. Well-funded and mature career Web sites. Sources: Industry insiders “Up until two Acquirers are savvier today than Now that Dice is months ago, private eq- for many local players, an exit is they were during the dot-com publicly traded, he notes, uity firms were extremely a natural step in their evolution.Un- boom.M&A valuations remain rea- it will be able to expand globally via chasing deals, and there are a lot of active,” says Tolman Geffs, manag- like firms at the height of the dot- sonable. In the past, companies acquisitions. players,” says Lori Hoberman, co- ing director of The Jordan Edmis- com boom, many of these compa- sometimes bought startups—some At least a dozen privately held or chair of the corporate and securities ton Group, a boutique investment nies are well-funded and have been with little in the way of sales—for 15 venture-backed New York City tech group at law firm Fish & Richard- bank specializing in the media and around for at least five years. Ven- to 30 times their revenues. Today, enterprises—from online ad son,who works with New York City information industries. “In the sec- ture capitalists typically expect a re- most companies are being acquired providers to financial software de- tech entrepreneurs. “It has been the ond half of the year, firms have turn on their investments in four to for two to five times their revenues, velopers—have taken advantage of biggest year ever.” stepped back.” seven years, so the investors that investment bankers report. the strong economic environment to However, M&A activity will backed the local businesses are ready “We don’t face the same risk we cash out this year. Dice, which gen- M&A activity may slow continue to be fueled by Internet to sell, experts say. had back in the bubble days,” says erated more than $100 million in some industry observers are companies as well as traditional me- “These are real companies that Ms. Hoberman of Fish & Richard- revenues in 2006,had the scale to be- concerned that the mergers and ac- dia conglomerates that have deep have revenues and are close to prof- son. “Companies like Google and come a public company on its own. quisitions boom may slow. For one pockets and the desire to ramp up itability,” says Steve Brotman, man- AOL have a clear idea of how to The other firms,also seen as valuable thing, the debt and credit crisis their Web businesses. And they are aging director of SAVP. plug acquisitions into their existing properties, were snapped up by larg- could take private equity buyers out willing to pony up a lot of money to The venture firm sold two of its businesses.” er businesses for huge amounts. of the market. buy companies with the right spe- Manhattan-based portfolio compa- “There is a lot of money out there Several of the recent deals were cialties, experts say. nies this year. UGO Networks, an COMMENTS? [email protected]

late 2004. Under the new owner, the tenants lease space on a month-to- seaport reportedly generated rev- month basis,which means that Gen- Seaport awaiting revitalization enues of $100 million in 2005. eral Growth can easily get rid of them Observers initially believed that if it decides to demolish and rebuild. Continued from Page 2 its sister store in Park Slope, Brook- arm, the seaport continues to attract the executives of publicly held Gen- Retailers and restaurant owners A spokesman for General lyn.This is partly because tourists at 4 million to 5 million visitors a eral Growth would move quickly to are still hoping that General Growth Growth declined to comment. the seaport rarely venture over to year—more than even the Statue of show off their turnaround skills for will bring in a cultural institution to The stalled overhaul is affecting Ms. Simoneau’s store, which is just Liberty.But it does little to woo New nearby Wall Street. draw more New Yorkers to the area. nearby businesses that recently one block north; in addition,few lo- Yorkers. That hurts the overall “The general sense was that they Observers point to the successful moved to the area with hopes of cash- cals visit the neighborhood. neighborhood, since city residents were going to really overhaul the re- “Bodies” exhibition at the seaport, ing in on the seaport’s revitalization. “It’s very challenging,” she says. are more likely than tourists to ven- tail mix down there,because it needs which has drawn a million visitors in Children’s boutique Firefly In the past year, a dozen such ture beyond the seaport proper for it,” says Dick Barry, a managing its two years. opened its doors in January at 224 mom-and-pop businesses opened shopping and eating. member at Yarrow. The develop- So far, General Growth’s only Front St., in the Historic Front on Front Street. Several owners of ment company spent about $75 mil- move has been to take over the lease Street development that spans both new bars and restaurants report Adrift for decades lion on the Front Street develop- for the 20,000-square-foot fish sides of the block between Beekman steady lunch and happy-hour busi- this isn’t the first time that ment, which includes residential market. Because the company owns Street and Peck Slip.Firefly’s owner, ness during the warmer months,but grand plans for the seaport have been townhouses and 14 retail spots. “I the master lease for the seaport, it Andrea Simoneau, who had expect- weekends and the winter are slow. dry-docked. The development was can understand that some things also has the right to use the land- ed to be briskly selling onesies this “They predicted that this area troubled for decades before Chica- take a while, but come on.” marked Tin Building, behind the summer,was instead forced to lay off would become the next meatpack- go-based General Growth inherited Seaport critics most often point fish stalls. several employees because business ing district,” says Michelle Tasano, it by buying The Rouse Co.for $12.6 the finger at Pier 17 as a weak point “Anything they could to do to was so slow. co-owner of Nelson Blue, a New billion.Before the merger,Rouse had in the development. The three-lev- make it more attractive to residents “We’re running on a skeleton Zealand-themed bar that opened in planned an elaborate retooling that el mall doesn’t have an anchor store and visitors would be great,” says a staff,” says Ms. Simoneau. May at 233 Front St. called for building a home for Cirque to drive traffic, and its souvenir and spokesman for NYC & Company. The downtown Firefly location According to NYC & Company, du Soleil.Those plans were scrapped T-shirt shops add no pizzazz. does about half as much business as the city’s tourism and marketing when General Growth took over in Insiders say that many Pier 17 COMMENTS? [email protected]

8 | Crain’s New York Business | November 12, 2007 CNYB 11-12-07 A 9 11/9/2007 2:46 PM Page 1

Private flights drop in New York

Continued from Page 1 Executives at commercial carri- the fact that delays at major airports PLANE DEALING ers, facing new limits on flights at are spilling over to small ones, deter- Airports in the New York air traffic JFK because of soaring delays and ring private passengers.Private pilots control region. concerned about regulations spread- blame higher fuel costs, and officials ing to Newark and La Guardia, say at local airports say that township G Atlantic City International (NJ) that general aviation is part of the noise ordinances have forced them to G John F. Kennedy International (NY) problem. Under the proud new scale back evening flights. G La Guardia (NY) “A big chunk of air traffic in the ownership of “I gave up the private jet because New York area is in fact business Somerset Partners it had become an overall burden,” G Lehigh Valley International (PA) jets,” says Basil Barimo, vice presi- says Michael Brauser, a principal of G Long Island MacArthur (NY) dent of operations at the Air Trans- private equity firm Marlin Capital G Newark Liberty International (NJ) port Association, the trade group Partners. He travels a few times a representing major U.S. carriers. month, often hopscotching be- G Stewart International (NY) tween cities, and flying the empty G Teterboro (NJ) FAA data doesn’t support thesis plane back home between legs was G Trenton Mercer (NJ) the organization is funding a costly. “The decision was based on study to determine what proportion G convenience and economics.” Westchester County (NY) of the delays are caused by private jet The number of flights at Teter- Source: Federal Aviation Administration traffic. boro Airport in Bergen County, The ATA claims that business jets N.J., which handles mostly corpo- delays—not far behind Chicago’s divert controllers’ attention in the rate jets, has slipped 14% so far this O’Hare International and Harts- airspace above Westchester County, year. Corporate jet flights at field-Jackson Atlanta Internation- Stewart International, Morristown Westchester County airport are al—if little airports were ranked. Municipal, Long Island MacArthur down by 8%, even as overall traffic “This area is in high demand,” and Republic airports, taking sup- has climbed 80% thanks to JetBlue Mr. Brown says. “As it becomes port away from commercial flights. Airways’ arrival at the suburban fa- more congested, there are more The business jet contingent insists cility earlier this year. headaches and more delays—all there is very little overlap. huge disincentives to travel by jet.” The FAA is not taking sides in Are delays at fault? The delays are intentional, says the issue, according to Mr. Prusak. steven brown, senior vice presi- Leo Prusak, district manager of the But the agency’s preliminary evalu- dent of operations for the National FAA’s Air Traffic Organization. It’s ation of the traffic data doesn’t seem Business Aviation Association, be- common for a traffic-management to support the ATA’s claims. lieves that delays are a major cause of program to be established at a small “The concept that Teterboro car- the decline in general aviation traf- airport to accommodate departures ries a big stick and delays all our oth- fic in the New York area. According from larger airports nearby. er airports is not an accurate charac- to FAA statistics, Teterboro would “Guys at Teterboro are told to sit terization,” Mr. Prusak says. come in seventh among U.S. air- down while Continental clears its 450 Park Avenue, New York City ports with the highest percentage of scheduled flights,” Mr. Brown adds. COMMENTS? [email protected] OCTOBER 26, 2007 London New York’s only airline to Heathrow & Stansted.

Book now on AA.com.®

AA.com is a mark of American Airlines, Inc. oneworld is a mark of the oneworld Alliance, LLC. CNYB 11-12-07 A 10 11/8/2007 7:59 PM Page 1

Financial literacy to head of class

cial literacy certification programs ployers want workers to have. it scores,” says Benjamin Chavis, Firms, nonprofits rose 35%,according to Wise (Work- “Math and financial literacy are president and chief executive of the partner with public ing in Support of Education), the mandatory requirements for suc- Hip-Hop Summit Action Network. nonprofit that runs those programs. ceeding in life,” says Frank Bisig- About three years ago, the non- schools to help kids And banks and investment firms nano, chief administrative officer at profit began offering a series of are launching or expanding efforts to J.P.Morgan Chase & Co., who last workshops, called “Get Your Mon- get money smarts teach students about managing their year organized workshops for par- ey Right.” About 10,000 New York finances. ents and students in Spanish and students have also downloaded a DOLLAR SIGNS: BY SAMANTHA MARSHALL Principal Vaughn English at Bushwick Leaders’ High free workbook that covers topics Thompson has instituted Never too soon School in Brooklyn.He alsoplans to from college loans to mortgage refi- several programs at odette foster didn’t think much “over the past two years, there’s create internships at the company to nancing. Calls to the Action Net- Young Scholars Academy.

about numbers until she took in- been a lot of demand for financial introduce students to the markets. work from schools have surged in buck ennis vestment classes at school that were literacy programs—both from the The need to produce financially the past year, Mr. Chavis says. sponsored by private equity firm schools and our business partners,” savvy graduates is especially press- principal of the Young Scholars Castle Harlan Inc. A year of follow- says Michael Haberman, president ing in New York. Children of work- Individual effort Academy,organized a workshop re- ing stocks and calculating price- of nonprofit group Pencil (Public ing-class and immigrant families businesses are also helpng individ- cently to help students and parents earnings ratios gave her a taste for Education Needs Civic Involve- here are more likely to spend than ual schools. Merrill Lynch is part- determine how they can cover col- math—and the yen for a career on ment in Learning),which builds ties save, and close to half of students nering with Manhattan’s High lege tuition costs. Wall Street. between the business community don’t have a bank account. School for Dual Language and “There’s a tendency [for fami- “I’d love to play the stocks for real and New York’s public schools. Recent studies have found that Asian Studies to offer Investing lies] to throw up their hands and say, one day,” says Ms. Foster, 13, a Market turbulence, foreclosures many urban students have ruined Pays Off, a two-month curriculum. ‘This is beyond our reach,’ ” Mr. middle-school student at Young and a credit crunch that’s affecting their credit before age 25 and that Last month, North Fork Bank Thompson says. But Ashley Clarke Scholars Academy in the Bronx. the poorest families are fueling de- 18- to 25-year-olds have the high- opened a student-operated branch sees a way.“You can get scholarships Financial literacy programs are mand for such projects. Experts say est bankruptcy rate. Insolvency is at Theodore Roosevelt High School and whatnot,” says the Young proliferating in the city’s public it’s never too soon to teach the next the main reason students drop out of in the Bronx. And Castle Harlan is Scholars eighth-grader. “But if you schools as more principals reach out generation how to budget, save and college, according to experts. expanding its investment club at can learn to save up for something, to nonprofits and private corpora- invest.The instruction uses real-life “A lot of these kids don’t know Young Scholars Academy. you can probably pay for it yourself.” tions. In the past academic year, the situations to engage students and that not paying their cell phone bills Principals are also taking action number of high schools with finan- help them develop skills that em- on time is going to affect their cred- on their own. Vaughn Thompson, COMMENTS? [email protected]

We represented We represented Macquarie Bank LiquidPoint, LLC Limited Ranked in Mergerstat’s Top 40 of U.S. Legal Advisors in acquiring the aircraft in M&A Transactions in its sale to leasing portfolio of Over $37 Billion for 2007 YTD

$1.2 billion

We represented We represented We represented We represented We represented First Oak Brook Bancshares, Inc. in its sale to in its sale to in its sale to

in acquiring in its recapitalization of $21 billion $1.9 billion $372.6 million

We represented We represented We represented We represented We represented Clark, Inc. in its sale to AUSA Holding Company and as special counsel for company AUSA Merger Sub, Inc. in acquiring the Private Label in its sale to matters with regard to the sale in the sale of its a subsidiary of of its 51% interest to construction " nance unit to Soup and Infant Feeding businesses of Del Monte Corporation $9 billion $14 billion $268 million $293 million

Vedder, Price, Kaufman & Kammholz, P.C. Chicago | New York | Washington, D.C. | New jersey

10 | Crain’s New York Business | November 12, 2007 Project6 11/5/07 6:13 PM Page 1

Reshaping New York’s most prestigious corner 57th and Park

Somerset Partners is proud to announce that Newmark Knight Frank is the exclusive leasing agent for 450 Park Avenue. Contact: David A. Falk at 212-372-2271 [email protected] or Peter T. Shimkin at 212-372-2150 [email protected]

10,800 SF FLOORS AVAILABLE CNYB 11-12-07 A 12 11/9/2007 10:06 AM Page 1

VIEWPOINT Broadway’s reality show editor in chief Rance Crain publisher Jill R. Kaplan roadway producers and the stagehands last season—as a sign of the industry’s health. It asks why, EDITORIAL union, locked in an acrimonious dispute, with the box office overflowing, pay should be reduced. editor Greg David deputy managing editors Valerie Block, resumed talks last week on a new contract The argument is attractive and resonates with the public. Erik Ipsen assistant managing editor as anxiety mounted that the Great White Indeed, producers aren’t popular even among devoted Robert Hordt Way will shut down. With the costs of such theatergoers. Premium tickets—$450 in the case of the new contributing editor–reports Elizabeth MacBride an eventuality musical Young columnist Alair Townsend estimated at some Frankenstein—are a senior reporters Aaron Elstein, Lisa Fickenscher, Matthew Flamm, $5 million a day, it’s time to sort out major reason for Tom Fredrickson, Samantha Marshall, the economics and politics of this Broadway’s healthy Anne Michaud, Miriam Kreinin Souccar B reporters Theresa Agovino, Barbara Benson, nasty battle. finances, but they are Elisabeth Butler Cordova, Erik Engquist, Amanda Fung, Hilary Potkewitz, Gale Scott The most important number to also alienating restaurant critic Bob Lape consider is that only 20% of shows theatergoers who can’t art director Steven Krupinski deputy art directors Carolyn McClain, recoup their investment, and on afford such prices and Daniel Mednick staff photographer Buck Ennis average it takes two years to do so, feel shut out of the best copy desk chief Wendy Zuckerman according to The League of seats. copy editors Michele Arboit, Thaddeus Rutkowski American Theatres and Producers. A similar score research editor Denise Southwood The odds against profitability are played out three years associate research editor Adrianne Pasquarelli so high in large measure because of ago, when producers www.crainsnewyork.com restrictive union contracts. In the case of stagehands, sought flexibility in the online editor Catherine Tymkiw $450 premium online reporter Kira Bindrim for example, theaters must hire the same number of number of musicians EDITORIAL AND ADVERTISING OFFICES people every day during a show’s setup, or load-in, even required for each 711 Third Ave., New York, NY 10017-5806 seats aren’t editorial: 212.210.0277 Fax 212.210.0799 if they are not needed. Stagehands must be paid for a performance.The advertising: 212.210.0259 given number of hours for each performance, whether they winning friends union transformed this Cable craincom nyk Fax 212.210.0499 work or not. Producers say such featherbedding increases for producers reasonable request into Entire contents ©copyright 2007 Crain Communications Inc. All rights reserved. costs by 15%. a dastardly attempt to ®CityBusiness is a registered trademark of MCP Rules like this don’t just cut producers’ profits; they also impose prerecorded Inc., used under license agreement. TO SUBSCRIBE: distort the way Broadway operates. When attendance music on the Call 888.909.9111; fax 313.446.6777. $3.00 a copy, $59.79 one year, $109.79 two years. weakens at shows occupying the larger houses, it would seem theatergoing public, a www.crainsnewyork.com logical to move them to smaller venues. But because the line swallowed by most of the media. A brief strike was ADVERTISING AND MARKETING stagehands’ contract means the cost of doing so is often settled by the mayor on terms favorable to the union. advertising director Jeff Adler $1 million, it makes more sense to close than to relocate. No business development manager The producers are right to seek changes. But the Robert N. Grossman one wins in that kind of scenario. musicians’ contract plotline is likely to repeat until the senior account manager William E. Squitieri The union won’t concede any of this. Instead, it points to industry convinces the public that management’s cause will account executives record attendance and soaring revenues—almost $1 billion benefit theatergoers as well. Andrew Carlin, Lisa Pearly, Jennifer Siniscalchi western account manager Ellen Mazen (Los Angeles) 323.370.2477 sales manager, classified print & online John Gallagher newsletter product manager LETTERS TO THE EDITOR Catherine Evans Gittens sales coordinator, print & online Lulé Haznedari sales coordinator Anita Perrino credit Pat Grondziak 313.446.6082 marketing director Amy Crossman Green developments will pay off marketing manager Jill H. Bottomley marketing coordinator Jenny Mashberg circulation manager Andrea Richardson assistant circulation manager COSTS RECOUPED costs currently is about $3 to $7 per building down to the bare walls Ultimately, these motivations will Rosalie Ford square foot.The extra square-foot and completely rehabilitated it be at least as strong as dollars-and- IN LESS THAN 10 YEARS general manager, interactive costs generate many times that with a range of available green cents considerations in driving the Marc Minardo i must respectfully dispute the amount in life-cycle savings, with solutions, from a condensing marketplace. technical producer Danny Porter contention that green buildings are paybacks for the investment furnace to a green rooftop, to make richard m. cherry NEW YORK PRODUCTION not cost-effective (“Residences are typically realized in less than 10 the building as energy efficient as President production and pre-press director a harder sell,” Oct. 15). years. possible and earn a LEED Silver Community Environmental Center Michael Corsi Based on the experience A good example is a 25- rating.This was done at an advertising production manager of my organization, unit apartment building at incremental cost of about $5 a WRITE TO US Marilyn DeMilta Community Environmental 1347 Bristow St. in the square foot, less than 5% of total Letters to the Editor: Crain’s New York Business, PUBLISHED BY CRAIN COMMUNICATIONS INC. Center (www.cecenter.org), revived Morrisania section construction costs. 711 Third Ave., New York, NY 10017. Fax letters to chairman Keith E. Crain a nonprofit working with of the Bronx.There, the We believe the “greening” of (212) 210-0799. Send e-mail to Crain’s staffers president Rance Crain architects and contractors, Department of Housing America and its homes is by using their first initial, their last name and secretary Merrilee Crain @Crain.com. For example, Editor Greg David is at treasurer Mary Kay Crain the premium for GOING Preservation and inexorable. We all want to support [email protected]. Names are in the list to the executive vp, operations William Morrow incorporating various green GREEN Development, with input efforts to combat climate change right. All letters are subject to publication, provid- senior vp, group publisher Gloria Scoby strategies into development from CEC, stripped the and reduce carbon emissions. ed they are signed. group vp, technology, circulation, manufacturing Robert C. Adams vice president/production & manufacturing David Kamis chief information officer Paul Dalpiaz WHAT’S COMING UP IN CRAIN’S? corporate circulation director Patrick Sheposh Privately Fastest- Real Small Corporate Book founder G.D. Crain Jr. (1885-1973) growing held estate business philanthropy of chairman Mrs. G.D. Crain Jr. (1911-1996) companies companies report report report Lists Nov. 19 Nov. 26 Dec. 3 Dec. 10 Dec. 17 Dec. 31

12 | Crain’s New York Business | November 12, 2007 CNYB 11-12-07 A 13 11/8/2007 8:05 PM Page 1

tension is moving forward only be- cause the city is paying for it,and the airport project is on life support. That debate has been settled,but We are pleased to welcome our newest tenant the question of what to do about transit fares is heating up. At least there is a consensus about the MTA’s financial predicament. ALM Media, Inc. During the Pataki administration, the state authorized a robust capital ALM has leased the entire 5th floor spending program for the agency, making the MTA, rather than the and a portion of the 6th floor state, responsible for the debt. The comprising 91,818 rsf annual interest costs on the borrow- ing are just now hitting the budget. The strong real estate market provided hundreds of millions of dollars in transfer taxes to the MTA, which will disappear as the econo- my weakens. In addition, as insiders know, the innovative fare plans based on the MetroCard program, which sent ridership soaring, didn’t actually boost revenues. Mr.Sander says the MTA should john h.john howard raise its fares to whittle the huge deficits it faces. He thinks the MTA We thank Michael Cohen and Leon Manoff should act like a business, raising of GVA Williams who represented prices by modest amounts as costs rise. Unfortunately for him, the the tenant in this transaction. MTA boss’s lesson MTA will end this year with a surplus large enough to allow it to squeak by next year. And many in fare-hike politics politicians—especially legislators running for re-election in 2009— For leasing opportunities, please contact: see no reason to worry about the Catherine T. Giliberti olicy and politics are about to collide as the Met- long term when stopping the fare Roger A. Silverstein ropolitan Transportation Authority seeks to raise hike could help them now. Stuart A. Christie Policy wonk Mr. Sander wanted Tel: 212-732-9700 fares on subways, buses and commuter railroads. Fax: 212-732-9708 the MTA job because he believed, www.silversteinproperties.com Caught right in the middle is the agency’s CEO,Lee like so many others, that Gov. Eliot Sander. Spitzer would be different from Mr. Sander is a good example, in New York at least, of the other politicians and that policy P would trump politics. term “policy wonk.” He served in policy-making jobs in the That may have been true earlier this year, when the governor’s ap- Cuomo and Giuliani ad- They (and Crain’s) proval rating was sky-high. Now it ministrations. And he want transit money is 44%,and there is no better way for has emerged in the past spent on new projects the governor to boost the number decade as a crucial play- that boost the econo- than by preserving transit fares. Al- er in transit policy as my—principally, ex- though Mr. Spitzer isn’t running for head of the Rudin Cen- tending the No. 7 sub- re-election for another three years, ter for Transportation at way line to the West his success will require the Demo- NYU and of an advoca- Side and linking down- crats to win control of the state Sen- cy group called the Em- town to Jamaica and to ate,and they can’t do that if the gov- pire State Transporta- JFK. Mr. Sander favors ernor is unpopular. tion Alliance. projects,beginning with It’s possible that the governor In fact, he has won a GREG the very expensive Sec- will decide to allow a fare hike to go quiet but significant de- DAVID ond Avenue subway, through,but the odds are against it.If bate over priorities,out- that improve the cur- the fare hike fails,Mr.Sander will sol- maneuvering both the rent system. Today, the dier on,wiser about the limits of Eliot IS YOUR COMPANY PRINTING GREEN? Partnership for New York City and Second Avenue subway is No. 1 on Spitzer and hopeful that eventually, Deputy Mayor Daniel Doctoroff. the official priority list,the No.7 ex- good public policy will have its day. As a pioneer in environmentally friendly print and a Forest Stewardship Council certified printer we can show you how to go green. CRAIN’S ONLINE POLL SHOULD CITIGROUP BE BROKEN UP? Our plant is run by 100% wind energy, with no MOST OF THE 274 respondents think carbon footprint, and Yes, having separate Yes, separate Citigroup, which recently said it would units would units would be when you work with 29% 24% take a write-down of up to $11 billion as immediately improve . . easier to Wheal-Grace you can shareholder value manage Chief Executive Charles Prince resigned, proudly display our needs to be split up to survive. Nearly a TM No, but the firm .16% 31% . No, the Green Print and FSC third think Citi’s current structure will should cut its concept of an logo on your printing. weather the fallout, and the rest dividend to integrated conserve capital financial suggested that a dividend cut would services firm help the firm weather the credit storm. will work For a consultation call Jim Parrinello at 973-450-8100, ext. 21 For this week’s question: Go to www.crainsnewyork.com/poll to have your say. or email us at [email protected]

November 12, 2007 | Crain’s New York Business | 13 Project6 11/9/07 6:43 PM Page 1

Who’s getting one?

SM UP TO 2% THE PLUM CARD. THE FIRST EVERYTHING, EVERYWHERE EARLY PAY DISCOUNT On November , applications for the Plum Card from American Express OPEN became OR available. We’re initially releasing , Cards, and we’ll be announcing some of the first UPTO 2 MONTHS DEFER PAY members on December  during MSNBC’s “Your Business.” If a Card that offers you the

If payment in full of the New Balance on your billing statement is credited to your Account within 10 days after your statement Closing Date, you will receive a discount of 2% if your Eligible Purchases made during the billing period covered by that statement exceed $5,000. If your Eligible Purchases are less than or equal to $5,000, you will receive a Discount of 1%. If you pay at least 10% of your New Balance (plus the entire amount of any previously deferred amounts) by the Please Pay By date on your billing statement, you may defer payment of Project6 11/9/07 6:44 PM Page 2

TRADE TERMS CARD FROM AMERICAN EXPRESS OPEN.SM NOWAPPLICATION choic e of up to  early pay discount or up to t wo months defer pay, interest AVAILABLE free, can change the way you do business, please call -- or AT 877 -OPEN-PLUM visit PlumCard.com to apply.We can’t wait to see what you do with it. PLUMCARD.COM

the remainder of that New Balance until the Please Pay By date shown on your next billing statement. Your Account must be in good standing in the month in which you exercise the Defer Pay Option. Additional terms, conditions and restrictions apply. For full details, visit PlumCard.com. © 2007 American Express Bank, FSB. All rights reserved. CNYB 11-12-07 A 16 11/9/2007 2:23 PM Page 1

WEEK IN REVIEW For daily news updates, go to www.crainsnewyork.com

ECONOMIC SPOTLIGHT the beverage unit. Gramercy Capital deal for AFR Trust gramercy capital corp. agreed to buy American Financial Realty Trust for about $1.1 billion in cash and stock. Gramercy originates and buys commercial real estate loans. Con Ed blackout compensation consolidated edison inc. was ordered to pay $18 million to its customers for outages that left much of northwestern Queens without power for more than a week in the summer of 2006.The City’s Coney Island vision penalty, which comes to about $6 a customer, is the largest the state MAYOR MICHAEL BLOOMBERG unveiled a Coney Island has imposed against the utility. rezoning plan that would create an outdoor amusement park and divide the land into three development zones. The Foreclosure grants proposal would be at odds with a competing plan by property Economy Watch new york gov. Eliot Spitzer owner THOR EQUITIES, which wants a rezoning that would proposed a series of initiatives, NY area prices held steady in September after two months of little change. allow it to build time-shares—a move prohibited under the including a $2 million matching The city’s jobless rate remained above the U.S. level, but narrowed the gap. city’s blueprint. For the mayor’s plan to work, Thor would have grant program, to stem rising foreclosure rates.The program AUGUST ’07 SEPTEMBER ’07 COMPARISON to agree to hand over 21 acres in a land swap or cash deal. 1 will give money to counseling NY area inflation change -0.1% 0.0% +2.4% groups and legal aid societies that NYC unemployment rate 5.7% 5.1% 4.7%2 help struggling homeowners avoid SEPTEMBER JOB TOTAL3 12-MONTH CHANGE prediction for the first time since delinquency or foreclosure. NYC employment 3,635,600 +48,400 Nasdaq buying 2005. At Christie’s International, a Matisse oil painting sold for $33.6 1-Inflation rate for the latest 12-month period. 2-U.S. unemployment rate. 3-End-month figure, Philly exchange Estée Lauder not seasonally adjusted. million—the highest price ever nasdaq stock market inc. paid for the artist. succession plan NYC Hotel Stats Broadway Stats agreed to pay $652 million in cash and stock for the Philadelphia AOL ad firm buy estée lauder cos. Chief The average daily room rate Attendance climbed in the week Stock Exchange, which operates Executive William Lauder, jumped while occupancy slipped in ended 11/4, The League of Amer- the third-largest U.S. equity aol, time warner inc.’s Internet grandson of the founder, plans to September, PKF Consulting data ican Theatres and Producers says. options market.The deal marks unit, agreed to buy online step down within two years. show. The averages for the first nine But gross dipped, and the percent- Nasdaq’s entrance into the advertising company Quigo Fabrizio Freda, a 23-year Procter months were $276.58 and 86.1%, age of capacity filled dropped below $1 trillion U.S. options industry. Technologies Inc. for about & Gamble Co. executive, is topping year-earlier levels. 80%, reaching just 75.3%. $340 million. Quigo sells targeted expected to succeed him. Mr. Magazine axed text and display ads on 15 of Freda will join the company in Time’s major Web sites. March as chief operating officer. 250,000 $16.8 $18 condé nast will stop publishing 101-year-old House & Garden Iconix signs Oppenheimer 225,000 16 with the December issue and pull the plug on the licensing deals acquisitions magazine’s Web 200,000 14 site. Speculation iconix brand group inc. signed oppenheimer holdings inc. about House & four international licensing agreed to pay at least $50 million 175,000 12 Garden’s future agreements for its London Fog, for assets from Canadian Imperial started last Op, Rampage, Joe Boxer and Bank of Commerce.The sale month, when Danskin brands.The deals will includes CIBC’s U.S. investment 150,000 10 10/14 10/21 10/28 11/4 the title’s broaden Iconix’s reach in China, banking, equities, leveraged publisher, Joe the Middle East, Mexico and the finance and related debt Capital IQ’s Weekly Deals Report Lagani, left. United Kingdom. businesses.

TRANSACTION SIZE COMPANY/LOCATION (in millions) BUYER/INVESTOR TRANSACTION TYPE IAC/InterActive PepsiCo’s triple A wrinkle in Time Symmetry Holdings Inc. $315.0 Not disclosed GCI splits five ways restructuring time warner inc. said Jeffrey Manhattan Bewkes will become chief E-Z-EM Inc. $241.4 Bracco Diagnostics Inc. SB M&A iac/interactivecorp will split pepsico will reorganize into executive in January, putting in Lake Success, L.I. into five publicly traded three businesses, separating its place a long-expected transition. Bayonne Medical Center $33.2 Fortis Property Group SB M&A businesses, spinning off HSN, U.S. food and drink units and Richard Parsons will remain with Bayonne, N.J. Ticketmaster, LendingTree and creating an international the company as chairman.Time Rebel Monkey $0.2 Redpoint Ventures GCI time-share business Interval. food and beverage Warner Cable executive John Manhattan Chief Executive Barry Diller will division. Pepsi North Martin was named chief financial Translation Consulting n/a Interpublic Group of Companies SB M&A continue to oversee IAC’s Internet America Chief officer, succeeding & Brand Imaging Manhattan assets, including Ask.com, Executive John Wayne Payce, who The Hyperfactory n/a Individual investors GCI Match.com and Citysearch. Compton will lead is leaving in Manhattan the U.S. food January. Infostoria Inc. n/a FatWire Corp. SB M&A Sotheby’s shortfall business, and —from staff Setauket, L.I. commercial reports and Selected deals announced during the week of Oct. 28 for companies headquartered in metro New results for sothebys’ division bloomberg York. n/a Not available. GCI: Growth capital investment represents new money invested in a com- Impressionist and modern art executive landov news reports pany for a minority stake. SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing shares of a company without the participation of a financial buyer. auction came in at $270 million, Massimo

paul grange paul falling short of the house’s low-end d’Amore will head Jeffrey Bewkes

16 | Crain’s New York Business | November 12, 2007 Project4 11/8/07 3:10 PM Page 1

NYC Community PlanSM

Now, a city of neighborhoods, each with its own network.

There’s only one insurer with a health care network designed to meet the diverse needs of the city’s diverse neighborhoods: Aetna. Our NYC Community Plan helps your employees see local doctors who speak their language. Aetna teams who understand each community’s distinct cultural needs are on hand to offer assistance. And to help manage costs, the health benefits plan offers affordable premiums and no co-pays for preventive care. To learn more, contact your broker or Aetna representative.

©2007 Aetna Inc. Plans offered by Aetna Health Inc. and Aetna Health Insurance Company of New York. Health benefits plans contain exclusions and limitations. 2007145 REV 10/07 CNYB 11-12-07 A 18 11/8/2007 8:03 PM Page 1

THE BIG CLASH A face-off in NY stacked with supporters of the plan. IF THE MAJOR POLITICAL PARTIES each nominate a New Yorker as their But it must also be approved by presidential candidate—Sen. Hillary Clinton and former Mayor Rudy both the council and the Giuliani—the result could be epic local election battles and a free flow of THE INSIDER Legislature by the end of March. dollars into television advertising. “It would be titanic,” says Dan Cantor, director of the state Working Families Party. “It totally changes the electoral map.” by Erik Engquist and Anne Michaud Tedisco casts Outside of the Giuliani camp, political experts believe that Mrs. Clinton ‘no taxes’ bait would probably win statewide. She was preferred 44% to 38% in a Zogby International poll released last week. assembly minority leader James Presidential campaigns normally ignore this longtime blue state. In the Higher tolls may block traffic plan Tedisco is dusting off the governor’s last election, hundreds of political operatives from New York spent months “No taxes” campaign pledge. With decamped in swing states. he numbers that underlie Mayor Michael Bloomberg’s a $4.3 billion budget deficit The margin is close enough in a Hillary-Rudy race to change that dynamic. congestion pricing plan are getting squeezed, and that forecast, the Republican urged Gov. Democratic consultant Evan Stavisky says such a contest would keep New Eliot Spitzer in writing last week to Yorkers closer to home. Political spending would be much higher, too. Tmay undercut his efforts to convince the City Council propose a budget “honoring your “People will want to make sure things go the way of the hometown favorite and state Legislature to enact it campaign promise to not raise taxes no matter which side they’re on,” says lobbyist Jennifer Cunningham. next March. or fees.” Republicans say that they will benefit in down-ballot races for Congress If the bait is to set the governor Insiders say the congestion and the state Senate if their party nominates the former New York mayor. The up as a promise-breaker, Mr. Senate races will be particularly interesting because Republicans hold a pricing net revenue—money Spitzer is not biting. His budget narrow, two-seat majority now, and Democratic Gov. Eliot Spitzer has vowed director said recently that the available for transit to win control of the upper chamber. governor did not intend to raise improvements—is now only $70 Mr. Giuliani’s presence could aid Sens. Serphin Maltese and Frank taxes but would propose “closing Padavan million a year. Previously, the low corporate loopholes.” , two Queens Republicans whose districts are becoming increasingly estimate was MTA Chief Elliot Democratic. The former mayor is overwhelmingly popular in their districts, as “Lee” Sander well as on Staten Island, where Rep. Vito Fossella could face a significant ’s $100 million to Brooklyn DA race’s Democratic opponent. Reps. Kirsten Gillibrand and John Hall, two $200 million.The Bloomberg freshmen Democrats in Congress, are living in fear of a Giuliani candidacy, administration has claimed as trial candidate says Giuliani spokesman Michael McKeon. “It’s the single most important much as $390 million. democratic insiders in thing that could happen to help rebuild the party,” he says. The culprit: planned increases Brooklyn are trying to recruit a Ms. Cunningham disagrees. She predicts candidate other than state Sen. that New Yorkers will split their in tolls by the Metropolitan John Sampson to challenge District ticket. She notes that

all photos bloomberg all news photos Transportation Authority and the Attorney Charles Hynes in 2009. neither John Kerry nor Their latest target is said to be Al Gore produced the Port Authority of New York and “Toll increases that fund Supreme Court Judge Gustin tsunami in New York New Jersey. Since tolls are deducted infrastructure investment and Reichbach, who is close to that Democrats had from the congestion pricing fee, the reduce driving are consistent with Assemblyman Vito Lopez, the hoped for, despite winning increases mean New Jersey the principles of PlaNYC,” says a Democratic county chairman. the state by large margins. residents may pay nothing and mayoral spokesman. Mr. Reichbach presided over the those using MTA bridges and The congestion pricing mob trial that Mr. Hynes TSUNAMI: A race between tunnels virtually nothing. proposal—which would charge cars abandoned when a Village Voice Hillary Clinton and Rudy The administration admits that $8 to enter Manhattan south of reporter’s taped interviews Giuliani would change changes in tolls could affect 86th street during weekdays—is destroyed the star witness’s the electoral map. congestion pricing calculations. being vetted by a commission credibility. He also served in

Kosovo on the U.N. International Stem Cell Research, says, “This is a War Tribunal. great thing for New York. We were behind California and New Jersey but not now.” THE SUITEST SPOT IN THE Spitzer fires up The Spitzer administration has energy plan earmarked $600 million for stem cell initiatives. FINANCIAL DISTRICT the spitzer administration is rewriting the State Energy Plan, which expired in January 2003 and Parsons, Thompson has been largely forgotten. Paul gear up for future DUE TO THE OVERWHELMING Tonko, president and chief executive SUCCESS OF THE of the New York State Energy are new yorkers ready for SUITES AT 14 WALL, Research and Development another media executive as mayor? ADDITIONAL PRE-BUILT UNITS Authority, says Gov. Eliot Spitzer will Richard Parsons’ departure from ARE NOW AVAILABLE. ask the Legislature to make the Time Warner is reigniting new plan statutory, as it did with speculation that he might run. FROM 4,500 RSF TO 8,000 RSF the previous one, but if lawmakers Announcing his resignation as fail to do so, the governor would chief executive, effective Jan. 1, Mr. LARGER UNITS AVAILABLE implement it by executive order. Parsons was asked if he would UP TO 40,000 RSF consider another corporate job or a • M a j o r C a p i t a l I m p r o v e m e n t role in the political Program: New Lobby, Entrance & Stem cell world. He said he Operating Systems migration would not rule out • World-Renowned Landmark anything right • Steps to Subway & All Transit new jersey voters’ defeat of a now. Mr. Parsons, • Across from NYSE referendum on state borrowing for 58, will remain stem cell research could turn out to Time Warner’s be a boon for New York’s biotech Richard Parsons chairman. sector. Meanwhile, Approval would have allowed city Comptroller William Thompson the Garden State to borrow $450 Jr. raised at least $50,000 at a fund- million to finance a new research raiser for his mayoral campaign, 14Wall.com center in New Brunswick.The hosted by hip-hop mogul Russell defeat is likely to delay the project Simmons. More than 100 people, and send researchers across the including L.A. Reid and Q-Tip,at- For leasing information, please contact: Exclusive Leasing Agent: Hudson River. tended the $300-minimum event. Maria Mitchell, head of the Mr. Simmons said that Mr. HOWARD FIDDLE BRADLEY P. GERLA JONATHAN A. COPE MICHAEL HIGGINS Academic Medicine Development Thompson “represents all New 212.984.6525 212.618.7066 212.618.7015 212.618.7011 Corp., a Manhattan-based biotech Yorkers” and credited him with [email protected] [email protected] [email protected] [email protected] consortium that includes New improving education and working Yorkers for the Advancement of to keep the city affordable. I

18 | Crain’s New York Business | November 12, 2007 Project23 10/31/07 4:22 PM Page 1

Big Risks. Big Thinking. Big Goals. Big Wins. Exactly What Part of Your Business Is Small?

Having the right wireless network as a partner can be a big help to your small business. Verizon Wireless offers a host of wireless solutions designed to fit your needs, and the security of America’s most reliable wireless network. To learn more about small business discounts, and services like email and wireless Internet, contact your dedicated small business specialist. Verizon Wireless. It’s the Network for your business.

verizonwireless.com/smallbusiness 1.800.VZW.4BIZ

See verizonwireless.com/bestnetwork for details.

CNYB 11-12-07 A 20 11/8/2007 7:05 PM Page 1

Theater league exec faces tough task as strike looms

Broadway wags were already talking progress on a deal has been minimal. Little progress on about her first big challenge: how to The producers have already begun union deal; hotel vet handle the tough contract negotia- imposing terms of their final offer tions with the stagehands. on the stagehands, despite the fact won’t back down Fast-forward to a little more that the union has rejected them. than a year later. Broadway stages Meanwhile, the union voted last BY MIRIAM KREININ SOUCCAR are on the brink of going dark. month to authorize a strike. CHARLOTTE ST. MARTIN Though the league and Local One says she’s working to ensure when charlotte st. martin of the International Alliance of Just a formality that “Broadway will continue to survive in times that aren’t started her job as executive director Theatrical Stage Employees have last week, the groups held three as healthy as today.” for The League of American The- been talking since July, when the days of talks with Thomas Short,

buck ennis atres and Producers in August 2006, three-year contract expired, president of IATSE. But the talks were widely considered a formali- ty, and a strike remains a strong possibility. Even 62-year-old Ms. St. Mar- tin, who participated in a number of labor negotiations during her 28 years at Loews Hotels,is bewildered by the lack of progress. “I am sur- prised that with the number of hours we’ve been at the table togeth- er,we haven’t made more progress in really developing a new contract that’s more representative of busi- ness conditions today,” she says. The talks have been especially contentious because the league wants to eliminate a number of longstanding work rules that would reduce stagehands’ hours during a time when Broadway is breaking box-office records. The league says the work requirements can inflate production costs by more than 15%. For example, theaters must hire the same number of people every day during a show’s setup, even if they are not needed each day. Even with a costly strike loom- ing, the tough-talking Texas native, who was hired in part to unify the league’s 600-plus disparate mem- bers,shows no sign of backing down. “[We] are trying to improve the future of the health of the industry so Broadway will continue to sur- vive in times that aren’t as healthy as today,” Ms. St. Martin says. “When you fill as many seats as we’re filling and still have losses every night, you have to have new business condi- tions.” Able to build consensus league members,who include the- ater owners,producers,road presen- ters and general managers, say they hired Ms. St. Martin in large part because of her consensus-building skills. “Charlotte has a great manageri- al skill set that in her prior experi- ence helped bring together groups that were at times adversaries to find common ground,” says Michael Rego, a producer and head of the league’s search committee. It hasn’t been labor strife 24/7 for Ms. St. Martin, however. The for- mer marketing and sales executive has been working to spiff up Broad- way’s image as well. For starters, she is getting final approval to change the trade group’s name to the Broad- way League. She is also planning to launch a concierge program next year for theatergoers. “We’re trying to make Broadway more relevant nationwide,”she says.

COMMENTS? [email protected]

20 | Crain’s New York Business | November 12, 2007 Project3 11/5/07 11:57 AM Page 1

They’re learning for the future. We’re building for it.

NEW YORK KEEPS GROWING. More people. More kids online learning about the world, doing homework and having fun. That means more energy. Con Edison is growing, too. We’re investing $7.5 billion over the next fi ve years in new substations, transformers, more than 11,000 miles of new cable and other improvements. So power is there when you want it, now and in the future. Learn more at www.conEd.com. You’ll also fi nd tips on how to save energy and help the environment. And remember to report electric service problems to us online or by calling 1-800-75-CONED. ©2007 Consolidated Edison Company of New York, Inc. Ad: Arnell Group Ad: Inc. ©2007York, Consolidated Edison Company of New Project2 10/15/07 11:18 AM Page 1

HP recommends Windows Vista® Business.

HP Compaq 6710b HP ProLiant DL320 Business Notebook G5 Server

Intel® CoreTM2 Duo3 Processor T71002 Dual-Core3 Intel® Xeon® (1.80 GHz) Processor 30502 (2.13 GHz) Genuine Windows Vista® Business1 Integrated Lights-Out 2 and Systems Insight Manager $999 SmartBuy PN: GF938AT#ABA $1,409 SmartBuy PN: AH646A

HP iPAQ 510 Voice Messenger5

Windows Mobile® 6 Standard HP Compaq dc5700 HP Workstation Up to 6.5 hours of talk time4 Business Desktop xw4400 $319 ® TM 3 2 ® TM 3 2 SmartBuy PN: FA887AA Intel Core 2 Duo Processor E6300 Intel Core 2 Duo Processor E6300 (1.86 GHz) (1.86 GHz) Genuine Windows® XP Professional Genuine Windows Vista® Business1 $829 $987 SmartBuy PN: RT873UT#ABA SmartBuy PN: RB360UT#ABA

Softmart can help you in the present while keeping you The benefi ts of working with Softmart and their partners—in-person flexible—yet prepared—for the future. Our products and attention, 360° service and support, access to a powerful network of services can be tailored to the size and nature of your resources and, of course, HP technology—are aimed at keeping your business, even as your business changes. bottom line in line. It’s an approach that respects how That’s why the HP product range is both deep and wide, much of your business, and therefore your life, exists featuring a selection of computers so complete that we’re sure on your computers. Get in touch with us, and we’ll your business can make choices without making compromises. help you today, with one eye on tomorrow.

Get in touch: softmart.com/hp or 1-800-269-4175

Learn more: hp.com/go/facetoface

Prices and promotions are subject to change without notice. Supply is limited. Visit our site or call for the latest deals. 1. Certain Windows Vista product features require advanced or additional hardware. See http://www.microsoft.com/windowsvista/getready/hardwarereqs.mspx and http://www.microsoft.com/windowsvista/getready/capable.mspx for details. Windows Vista Upgrade Advisor can help you determine which features of Windows Vista will run on your computer. To download the tool, visit www.windowsvista.com/upgradeadvisor 2. Intel’s numbering is not a measure of higher performance. 3. Dual Core is a new technology designed to improve the performance of certain software products. Not all customers or software applications will necessarily benefi t from the use of this technology. 64-bit computing on Intel architecture requires a computer system with arocessor, p chipset, BIOS, operating system, device drivers and applications enabled for Intel 64 architecture. Processors will otn operate (including 32-bit operation) without an Intel 64 architecture-enabled BIOS. Performance will vary depending on yourhardware and software confi gurations. See www.intel.com/info/em64t for more information. 4. All talk and standby times are approximate and depend on the network confi guration, the usage pattern of an individual user and the confi guration of the handheld. Use of internal wireless capabilities and backlight will signifi cantly decrease battery run time. 5. A standard WLAN infrastructure, other Bluetooth-enabled devices, separately purchased equipment and a service contract with a wireless airtime provider may be required for applicable wireless communication. Wireless Internet use requires a separately purchased service contract. Check with service provider for availability and coverage inyour area. Not all Web content available. All offers available from HP Direct and participating resellers. Prices shown are HPDirect prices, are subject to change and do not include applicable state and local sales tax or shipping to recipient’s destination. Simulated screen. Photography may not accurately represent exact confi gurations priced. Associated values represent HP published list price. Celeron, CeleronInside, Centrino, Centrino Logo, Core Inside, Intel, Intel Logo, Intel Core, Intel Inside, Intel Inside Logo, Intel Viiv, Intel vPro, Itanium, Itanium Inside, Pentium, Pentium Inside, Xeon and Xeon Inside are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the S.U. and other countries. Microsoft and Windows are U.S. registered trademarks of Microsoft Corporation. Windows Vista is either a registered trademark or trademark of Microsoft Corporation in the United States and/or other countries. © 2007 Softmart. All rights reserved. © 2007 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warran ties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein shall be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein. CNYB 11-12-07 A 23 11/8/2007 2:30 PM Page 1

GROWING A BUSINESS GUIDE “I’m really proud of what we do here. We work with all types of people. Some are just starting out; some have million-dollar businesses.” —Al Titone, director, SBDC at York College Page 32

HERB AUSTIN PAGE 24 MABEL LAW PAGE 26 STEPHANE HYACINTHE PAGE 28 PHAEDRA THOMAS PAGE 30 SBA’s Int’l Trade Assistance Program Downtown Flushing Transit Hub BID SoBRO’s Port Morris Empire Zone Program SW Brooklyn Industrial Development Corp. Hard-charging New York entrepreneurs can turn to scores of groups for free advice, training, grants and more. This section offers contact photos: buck ennis illustrations: mike quon AL TITONE PAGE 32 NANCY PLOEGER PAGE 34 information for them, SBDC at York College Manhattan Chamber of Commerce

Inside Financial Assistance ------Page 28 Advice and Education Assistance for Women Local Development ------Page 33 plus profiles of 6 people and Minorities ------Page 24 Corporations ------Page 30 Chambers of Commerce ------Page 34 Export Assistance ------Page 24 Small Business Development Business Improvement Centers ------Page 32 Utility Services ------Page 34 who are there to help. Districts ------Page 26 Business Libraries ------Page 32 Procurement Help ------Page 35

Business Banking. Commerce Style.

• Real-Time Information & Transactions I NTRODUCING •Tiered Authority • ACH, Wire & Bill Payment • E-statements & Check Images Commerce • QuickBooksTM Integration BusinessDirect SM Sign up at commerceonline.com – it’s FREE Powerful Financial Control for Small Business

commerceonline.com

Member FDIC

November 12, 2007 | Crain’s New York Business | 23 CNYB 11-12-07 A 24 11/8/2007 2:36 PM Page 1

REPORT GROWING A BUSINESS GUIDE

Contact: Kethrin Gentile, vice president, minority certification and general communications, (212) 252-1100 business consulting. Assistance for Women E-mail: [email protected] Contact: Yehuda Turner, (718) 522-5620 Web site: www.nawbonyc.org E-mail: [email protected] Web site: www.odabdc.org G NEW YORK AND NEW JERSEY and Minorities MINORITY SUPPLIER DEVELOPMENT G QUEENS ECONOMIC COUNCIL INC. DEVELOPMENT CORP. These organizations offer programs, counseling, training and other services specific to women Acts as a liaison between its Fortune Its Women’s Business Center provides and minorities wishing to start or expand their businesses. 500 membership and minority information, training, individual technical businesses to develop contracting assistance and opportunities for women G ASIAN AMERICAN BUSINESS startup financing to small, minority- and Web site: www.bocnet.org opportunities. Also has services and interested in starting or expanding their DEVELOPMENT CENTER women-owned businesses in South Bronx programs including business oppor- business. Offers assistance and training in Provides technical and professional community boards 1, 2, 3, 4, 7, 8, 11 and G CATALYST tunity fairs, networking events, training, finance, management, marketing, support to help Asian-American small 12. Provides loans of up to $20,000 for a Research and advisory organization and corporate and vendor directories. procurement and the Internet, as well as business owners develop marketing and 48-month term for equipment or that works with businesses to build Contact: Lynda Ireland, president, specialized topics such as home-based financial strategies. It also organizes inventory purchase and working capital. inclusive environments and expand (212) 502-5663 businesses, corporate executive trade missions to China to help Contact: Rome Birkett, (718) 537-5261 opportunities for women at work. E-mail: [email protected] downsizing and welfare-to-work. businesses access the China market. E-mail: [email protected] Contact: Serena Fong, director, Web site: www.nynjmsdc.org Contact: Elizabeth Perdomo, Web site: www.boedc.com communications and public affairs, (718) 263-0546, ext. 10 (212) 514-7600 G NEW YORK CITY DEPARTMENT OF E-mail: [email protected] VITAL STATS G BUSINESS OUTREACH CENTER E-mail: [email protected] SMALL BUSINESS SERVICES Web site: www.queensny.org NETWORK Web site: www.catalyst.org Its Minority- and Women-Owned Its Refugee Microenterprise Program Business Enterprise Program promotes G REGIONAL ALLIANCE assists eligible refugees and asylees with G EMPIRE STATE DEVELOPMENT participation of minority and women- FOR SMALL CONTRACTORS INC. starting and expanding small businesses. Its Division of Minority and Women’s owned businesses in New York City’s A nonprofit organization serving Contact: Theresa Santiago, director, Business Development certifies businesses procurement process. Certified vendors small, minority-owned and women- 32.8% (718) 624-9115 as minority-owned or women-owned, receive access to contracting opportunities, owned construction firms. Share of New York E-mail: [email protected] and provides technical and capital invitations to exclusive networking events, Contact: Earle J. Walker, executive state’s self-employed Web site: www.bocnet.org assistance to agencies, businesses and free one-on-one guidance on selling to director, (212) 268-7446 Its Women’s Business Center offers others involved in government government and free advertising in a E-mail: [email protected] who are women business training, one-on-one contracting and procurement. searchable online directory. Web site: www.regional-alliance.org counseling and financing resources to Contact: Michael Jones-Bey, Contact: Certification Hotline, Its Financing Small Contractors help women entrepreneurs start and (212) 803-2414 (212) 513-6311 Program provides help in preparing grow their businesses. Services are E-mail: [email protected] E-mail: [email protected] applications for loans and bonds. The offered in English, Spanish and Russian. Web site: www.empire.state.ny.us Web site: www.nyc.gov/getcertified program has assisted firms in accessing Contact: John Wang, (212) 966-0100 Brooklyn: North Brooklyn, $25 million in loans. E-mail: [email protected] (718) 624-9115 G THE NATIONAL ASSOCIATION G OPPORTUNITY DEVELOPMENT Contact: Richard C. Hellenbrecht, Web site: www.aabdc.com Staten Island: West Brighton, OF WOMEN BUSINESS OWNERS, ASSOCIATION manager, (212) 268-0391 (718) 816-4775 NEW YORK CITY CHAPTER Its Minority Business Enterprise E-mail: [email protected] G BRONX OVERALL ECONOMIC Contact: Liliana Blanco, program Provides networking opportunities, Center offers contract procurement, loan Web site: www.regional-alliance.org DEVELOPMENT CORP. director, (718) 624-9115 business seminars, advocacy, strategic packaging, bank and alternative Its Loaned Executive Assistance Its Springboard Mini Loan Fund offers E-mail: [email protected] alliances and leadership development. financing, business plan preparation, Continued on Page 26

well as access to international trade exhibitions for foreign-market product SBA’S INT’L TRADE ASSISTANCE PROGRAM Export entry and promotion. Contact: Nick Anastasi, assistant to the ON-THE-BALL EXPORT EXPERT commissioner, (631) 853-4800 E-mail: [email protected] SHORTLY AFTER starting the Assistance Web site: www.suffolkcountyny.gov MBA program at Pace University in 1973, Herb G The following agencies offer services for New York U.S. DEPARTMENT OF COMMERCE Austin got an urgent exporters seeking overseas business opportunities. INTERNATIONAL TRADE Exporters wishing to expand can get an array of ADMINISTRATION message from friends in his services, including trade counseling and advice, Its U.S. Export Assistance Center native country, Haiti: They training, and financial and marketing assistance. provides information, opportunities and wanted him to come back regulations on foreign markets. Prepares and help build the national G EMPIRE STATE DEVELOPMENT issues, taking the mystery out of U.S. exporters for overseas business soccer team. With Mr. Austin Its International Division offers international trade. trips, does overseas advertising of U.S. as the team’s star midfielder Contact: overseas trade leads, seminars on Gerri Cristantiello, executive products and services, and finds agents, and captain, Haiti made it all practical and up-to-date exporting director, (877) 291-4901 distributors and customers. Offers SBA techniques, free counseling, access to E-mail: [email protected] and Ex-Im Bank export finance the way to the World Cup state exhibits in overseas trade shows Web site: www.nexco.org programs. finals in 1974. and early notice of overseas projects. Contact: William Spitler, network The following September, Contact: Peter Cunningham, director of G PORT AUTHORITY OF NEW YORK director, (212) 809-2675 he returned to Pace, where international trade, (518) 292-5275 & NEW JERSEY E-mail: [email protected] he earned his master’s while E-mail: [email protected] Responsible for the major airports, Web site: www.buyusa.gov/nyc coaching the school’s soccer Web site: www.empire.state.ny.us interstate tunnels, bridges, transportation terminals and port G U.S. SMALL BUSINESS team. His experience made G EXPORT-IMPORT BANK facilities in New York and New Jersey, as ADMINISTRATION him a natural for his next job: OF THE UNITED STATES well as for the development of trade and Its International Trade Assistance director of athletic programs Aids the export of U.S. goods commerce in the region. Program offers technical counseling and for the state of New Jersey. and services by companies of all Airport facilities: (212) 435-3772 training, as well as financial assistance to When his wife landed a sizes through loan guarantees, export Port sales: (888) 767-8696 U.S. businesses looking to enter or post at the U.N. in Trinidad in Contact: credit insurance and working capital Robert Gaffney, (973) 578-2189 expand in foreign markets. Exporters switched guarantee programs. Also provides E-mail: [email protected] may get financing under three programs: 1978, Mr. Austin competitive fixed-rate financing for Web site: www.panynj.gov Export Express, the Export Working from sports to business, U.S. export sales. Reaches out to Foreign-Trade Zone 49, one of the Capital Program or the International signing on as export manager HERB AUSTIN Acting director, SBA’s women-owned and minority-owned largest contiguous zones in the country, Trade Loan Program. for a Trinidadian tool and die New York district businesses. encompasses 3,587 acres with six active Contact: John J. Miller, (212) 264-7770 company. EDUCATION New York University, B.A. in Its Working Capital Guarantee general-purpose zone operators and E-mail: [email protected] In 1989, shortly after the Program Web site: marketing, ’73; Pace University, MBA, ’76 encourages lenders to make seven active subzone operators. The www.sba.gov/oit couple returned to New York, working capital loans to small- and total in/out moves were $6.6 billion in LITTLE-KNOWN FACT Only soccer player medium-size companies. Loans are the general purpose zones and $14.7 G WESTCHESTER COUNTY ASSOCIATION Mr. Austin joined the U.S. used to support working capital needs billion in the subzones in 2006. Its World Trade Council,an Small Business Adminis- in the NYU Athletic Hall of Fame related to the export of U.S. goods and Contact: Ellen Nesheiwat, manager, international trade forum, is a tration as a business services. (212) 435-4260 centralized resource for promoting and development specialist in its Newark office. He moved to New York two years Contact: Thomas Cummings, director, E-mail: [email protected] facilitating international trade within later, assuming the role of assistant deputy director. northeast and mid-Atlantic regional Web site: www.panynj.org Westchester and the lower Hudson As deputy head of the 26-employee New York district office for the past office, (212) 809-2652 Valley through targeted outreach E-mail: [email protected] G SUFFOLK COUNTY DEPARTMENT programs, international trade seminars two years, and acting chief in recent months, Mr. Austin has broad Web site: www.exim.gov OF ECONOMIC DEVELOPMENT and networking and business responsibilities, including overseeing the International Trade Assistance AND WORKFORCE HOUSING development opportunities. Program. Last year, the program provided federal loans of as much as G NEXCO Its Foreign Trade Division provides Contact: Amy Allen, (914) 948-6444 $2 million to 10 local exporters to help them expand. — JEAN ENDE Offers monthly seminars to the trade counseling, financial help, E-mail: [email protected] international trade community on global education and marketing programs, as Web site: www.westchester.org I

24 | Crain’s New York Business | November 12, 2007 Project13 10/29/07 2:58 PM Page 1

RightRight where where YourYour SmallSmall BusinessBusiness needsneeds us.us.

Growing a business takes hard work – and a bank that works with you.

North Fork Bank has the solutions Your Small Business needs to succeed: I Loans, lines of credit, merchant processing and other banking services I Checking, money market and savings accounts I Cash management services – including an online cash management suite I Equipment finance services

PARTNERS – NOT JUST BANKERS. Working with North Fork also gives you something more – the services of a North Fork banker who’s committed to finding out where you want your business to go, and then developing a strategy for getting you there.

A division of Capital One, N.A.

Right where Your Small Business needs us.

To learn more, speak to a North Fork Bank representative today. Stop by any North Fork Bank branch, visit www.northforkbank.com or call 877-694-9111. CNYB 11-12-07 A 26 11/8/2007 2:38 PM Page 1

REPORT GROWING A BUSINESS GUIDE

E-mail: [email protected] Web site: www.metrotechbid.org DOWNTOWN FLUSHING TRANSIT HUB BID

Business G MONTAGUE STREET Contact: Chelsea Mauldin, executive FLESHING OUT BUSINESS BOOSTER director, (718) 522-3649 THE JOB of heading a brand- Improvement E-mail: [email protected] new business improvement G MYRTLE AVENUE BROOKLYN district focusing on the down- Districts PARTNERSHIP town Flushing transit hub Contact: Michael Blaise Backer, executive required a very special per- director, (718) 230-1689 son. After toiling for months The BID program of the city’s Department of Small Business Services provides supplemental E-mail: [email protected] to set up the Queens BID, services such as sanitation and maintenance, public safety and visitor services, marketing and Web site: www.myrtleavenue.org Mabel Law knew she needed promotional programs, capital improvements and beautification to enhance local business conditions. All funded by a special assessment paid by property owners within the district. G NORTH FLATBUSH someone with experience in Contact: Dawn Torres, executive director, the public sector and (718) 238-9800 (718) 783-1685 business, someone who The Bronx E-mail: [email protected] E-mail: [email protected] could work with residents, G FORDHAM ROAD Web site: www.bayridgebid.com Web site: www.nfbid.com merchants and the army of Contact: Wilma Alonso, executive commuters who pass director, (718) 562-2104 G BRIGHTON BEACH G PITKIN AVENUE E-mail: [email protected] Contact: Yelena Makhnin, executive Contact: Gerald Coleman, executive through the area every day. Web site: www.fordhamroadbid.org director, (718) 934-1942 director, (347) 992-3682 In the end, at the urging of E-mail: [email protected] E-mail: [email protected] local councilman John Liu, G HUB THIRD AVENUE Web site: www.brightonbeachbid.org Web site: www.pitkinbid.org Ms. Law hired the one person Contact: Vincent Valentino, executive who totally fit the bill: herself. G G director, (718) 665-3983 CHURCH AVENUE SUNSET PARK/FIFTH AVENUE Since that day four years E-mail: Contact: Contact: [email protected] Mark Dicus, manager, Renée Giordano, executive ago, the BID has upgraded (718) 282-2500 director, (718) 439-7767 G KINGSBRIDGE E-mail: [email protected] E-mail: [email protected] sidewalks, curbs and signs; Contact: Katherine L. Broihier, district Web site: www.camba.org Web site: www.sunsetparkbid.org cleaned up streets; and manager, (718) 432-6935 helped many small and large E-mail: [email protected] G DUMBO IMPROVEMENT DISTRICT Manhattan businesses in the area to Web site: www.kingsbridgebid.org Contact: Tucker Reed, executive director, G prosper. The organization MABEL LAW Executive director (718) 237-8700 34TH STREET PARTNERSHIP 1,500 members E-mail: Contact: now has , EDUCATION VITAL STATS [email protected] Dan Pisark, vice SUNY Albany, B.S. in Web site: www.dumbonyc.org president of retail services, with a budget of $304,000 sociology and political science, ’93; (917) 438-5126 and a full-time staff of two. Hunter College, M.A. in urban affairs, ’97 G EAST BROOKLYN E-mail: [email protected] Ms. Law, a lifelong Contact: William Scott Wilkins, manager, Web site: www.34thstreet.org Flushing resident, began her LITTLE-KNOWN FACT Doesn’t eat meat (718) 385-6700, ext. 19 career in community 593,141 G E-mail: [email protected] 47TH STREET development back in high school, when she worked for the City Volunteer Number of self- Contact: Michael Grumet, executive Corps. She went on to work for tenants’ rights as a staffer for the Urban Home employed people with G FLATBUSH AVENUE director, (212) 302-5739 Contact: Jack Katz, executive director, E-mail: [email protected] Study Assistance Board, for minority rights as a member of Asian Americans unincorporated (718) 859-2600 Web site: www.diamonddistrict.org for Equality, and for children’s rights as a staffer at the Research Foundation Web site: www.flatbushavebid.com at CUNY. She also has worked for several banks and retailers. businesses in New G 125TH STREET Ms. Law says one her hardest tasks is remembering that there are G FLATBUSH-NOSTRAND JUNCTION Contact: Barbara Askins, president/ limits to what she can accomplish. York state in 2006 Contact: Lori Raphael, executive director, chief executive, (212) 662-8999 “When I see homeless people living on the street, my reaction is, ‘How can (718) 951-5000, ext. 1449 E-mail: [email protected] E-mail: [email protected] Web site: www.125thstreetbid.com I help?’ ” she says. “I want to be a superhero, but sometimes, you just have to G MOSHOLU-JEROME-EAST GUN HILL take a deep breath and come down to earth.” —JEAN ENDE ROAD DISTRICT MANAGEMENT ASSOC. G FULTON MALL IMPROVEMENT G ALLIANCE FOR DOWNTOWN Contact: Roberto S. Garcia, executive ASSOCIATION NEW YORK INC. director, (718) 324-4946 Contact: Michael Weiss, executive director, Contact: Bruce Brodoff, director of public director, (212) 721-5048 Web site: www.fifthavenuebid.com E-mail: [email protected] (718) 488-8200 affairs, (212) 566-6700 E-mail: [email protected] Web site: www.mpcbronx.org E-mail: [email protected] E-mail: [email protected] Web site: www.columbusavenuebid.org G FLATIRON/23RD STREET Web site: www.fultonstreet.org Web site: www.downtownny.com PARTNERSHIP G WHITE PLAINS ROAD G EAST MIDTOWN ASSOCIATION Contact: Jennifer A. Brown, executive Contact: Lawrence Prospect, executive G GRAHAM AVENUE BID/WOODHULL G BRYANT PARK MANAGEMENT CORP. Contact: Rob Byrnes, president, director, (212) 741-2323 director, (718) 881-3086 COMMUNITY DMA Contact: Daniel A. Biederman, president, (212) 813-0030 E-mail: [email protected] E-mail: [email protected] Contact: Betty M. Cooney, executive (212) 768-4242 E-mail: [email protected] Web site: www.flatironbid.org Web site: www.pelhamparkway.com director, (718) 387-6643 E-mail: [email protected] Web site: www.eastmidtown.org E-mail: [email protected] Web site: www.bryantpark.org G GRAND CENTRAL PARTNERSHIP Brooklyn G FASHION CENTER Contact: Alfred C. Cerullo III, G GRAND STREET G COLUMBUS/AMSTERDAM Contact: Barbara Blair Randall, executive president/chief executive, (212) 883-2420 G 86TH ST. BAY RIDGE Contact: Max Javier, manager, Contact: Peter Arndtsen, district manager, director, (212) 764-9600 E-mail: [email protected] Contact: Patrick W.Condren, (718) 218-8836 (212) 666-9774 E-mail: [email protected] Web site: www.grandcentralpartnership.org executive director, (718) 680-2420 E-mail: [email protected] E-mail: [email protected] Web site: www.fashioncenter.com E-mail: [email protected] Web site: www.grandstbklyn.com Web site: www.columbus-amsterdam- G LINCOLN SQUARE Web site: www.86bid.org bid.org G FIFTH AVENUE Contact: Monica Blum, president, G METROTECH Contact: Tom Cusick, president, (212) 581-3774 G BAY RIDGE FIFTH AVENUE Contact: Michael Weiss, executive G COLUMBUS AVENUE (212) 246-6256 E-mail: [email protected] Contact: James Clark, president, director, (718) 488-8200 Contact: Barbara Adler, executive E-mail: [email protected] Continued on Page 28

educational programs to women Contact: Maria Otero, president, Assistance for Women and Minorities entrepreneurs in New York, New Jersey, (212) 563-0499 Connecticut, Maryland, Virginia and E-mail: [email protected] Washington, D.C. Web site: www.womensventurefund.org Continued from Page 24 and outs of how to operate a G RENAISSANCE ECONOMIC Contact: Marsha Firestone, Program is a consultant service consisting construction-related business. DEVELOPMENT CORP. (212) 688-4114 G WORKSHOP IN BUSINESS of top construction professionals who Contact: Paola Camargo, manager of A nonprofit organization that assists E-mail: certification@ OPPORTUNITIES provide small contractors with expert training programs, (212) 268-4933 entrepreneurs throughout New York womenpresidentsorg.com Enables small business owners and advice on construction and business E-mail: [email protected] City, especially women, minorities and Web site: www.wpeo.us budding entrepreneurs in underserved management, marketing and technology Web site: www.regional-alliance.org immigrants. Provides affordable small communities to achieve financial success implementation, and loan and bonding Its MBE/WBE Compliance business loans and technical assistance G WOMEN’S VENTURE FUND in starting, operating and expanding their referrals. Development Services provide contract to help startups and grow businesses. A nonprofit agency that serves all businesses. Offers a 16-week workshop Contact: Richard C. Hellenbrecht, compliance development program Contact: Jannie Lai, assistant manager, women entrepreneurs, new and seasoned, titled “How to Build a Growing Profitable manager, (212) 268-0391 services to increase the utilization of (212) 964-6022 through experimental skill-building Business,” one-to-one consulting services E-mail: [email protected] MBE/WBE firms in contracting E-mail: [email protected] curricula, using innovative course- conducted by business experts, and Web site: www.regional-alliance.org opportunities. Web site: www.renaissance-ny.org delivery methods. Existing New York business opportunities. Its Managing Growth Program is a Contact: Earle J. Walker, executive area and New Jersey businesses with 51% Contact: Niasia Coulson, classroom program that provides courses director, (212) 268-7446 G WOMEN PRESIDENTS’ EDUCATIONAL female ownership are eligible for (212) 684-0854, ext. 0541 enabling experienced S/M/W/DBE E-mail: [email protected] ORGANIZATION character-based, low-interest microloans E-mail: [email protected] owners and employees to learn the ins Web site: www.regional-alliance.org Provides certification and offers with flexible repayment terms. Web site: www.wibo.org I

26 | Crain’s New York Business | November 12, 2007 Project2 8/17/07 4:22 PM Page 1

My son made millions when he sold his Web site. But my daughter’s a GHI doctor.

And she’s an integral part of a health plan that’s bringing quality insurance coverage to New York companies. More than half of New York Magazine’s “Best Doctors” are GHI physicians and are affiliated with the best hospitals in New York. With over 124,000 provider locations ready to serve your needs, why not call 1-800-COVERAGE or visit us at ghi.com for more information.

Specializing in Great Doctors

76742r1_GHI259_creative.indd 1 8/16/07 01:06:41 PM CNYB 11-12-07 A 28 11/8/2007 2:40 PM Page 1

REPORT GROWING A BUSINESS GUIDE

entrepreneurial training. Contact: Paisley Demby, director of small SOBRO’S PORT MORRIS EMPIRE ZONE PROGRAM Financial business services, (718) 284-5384 E-mail: [email protected] Web site: www.camba.org BRONX’S ONE-MAN ZONE OFFENSE EVERY NEW JOB brings its Assistance G COMMUNITY PARTNERSHIP DEVELOPMENT CORP. share of surprises. Stephane The following organizations provide financial assistance Promotes development of affordable Hyacinthe, who took over as or incentives to small businesses that are expanding in housing and expands opportunities for director of the Port Morris or relocating to the New York area. local residents and businesses to parti- Empire Zone Program in the cipate in community economic South Bronx in July, is still G ACCIÓN NEW YORK AND NEW JERSEY incremental costs of installing either a development. Provides loans and tech- trying to get used to the idea A community financial institution green roof or solar panels. nical assistance to nonprofit and for- that he is getting paid to as- providing loans of up to $50,000 with Contact: Kate Shackford, director, profit developers of affordable housing. flexible requirements. Owners are given (718) 590-3498 Contact: Daniel E. Martin, president, sist others. Until recently, he the opportunity to build solid credit E-mail: [email protected] (646) 217-3372 did that kind of work for free. histories and can access free financial Web site: www.boedc.com E-mail: [email protected] Mr. Hyacinthe joined advisory services through the Training, Its Business Initiative Corp. of New Web site: www.housingpartnership.com mass-market retailer Target Resource and Advising Center York provides low-cost, long-term SBA after graduating from college G (OnTRAC). Also offers startup loans 504 loans statewide, ranging from EMPIRE STATE CDC: THE 504 CO. four years ago, and then and lines of credit. $50,000 to $1.5 million ($2 million in Certified by the SBA to provide moved to a financial services Contact: Loan Inquiry Line, economically deprived areas), for the financing, with a lending partner, of up (212) 387-0494 purchase of machinery and equipment, to 90% for projects involving company. The jobs paid the E-mail: [email protected] land improvements, construction and acquisitions and/or improvement of real bills, but Mr. Hyacinthe Web site: www.accionnewyork.org real estate. estate, machinery and equipment derived his real satisfaction Contact: Madeline Marquez, executive through the 504 loan program. from his volunteer work— G AUDUBON PARTNERSHIP director, (718) 590-3980 Contact: Chet Sadowski, senior vice most recently with Global FOR ECONOMIC DEVELOPMENT E-mail: [email protected] president, (212) 785-5642 Potential, which provides Its Community Business Partners Web site: www.boedc.com E-mail: [email protected] Program assists small businesses and Web site: www.nybdc.com vocational training, job entrepreneurs located in the Northern G BUSINESS OUTREACH CENTER placement and cultural Manhattan Empowerment Zone with NETWORK G EMPIRE STATE DEVELOPMENT enrichment for at-risk teens. access to financing and technical Its BOC Capital Corp. Small Business Its Small Business Technology On the advice of a friend, assistance. Services include business Loan Fund offers small business loans of Investment Fund offers first-stage and he checked out a Web site STEPHANE HYACINTHE Director planning, loan packaging, help with up to $35,000. Also offers a flexible, growth capital for qualified innovative that lists jobs with nonprofit EDUCATION SUNY College at Oneonta, government permits and licensing, and order-based loan product enabling technology-based businesses. agencies. That exploration computer training. Services are free of entrepreneurs to fill existing orders and Investments (debt and equity) range B.A. in political science, ’03 charge and are offered in both English use the proceeds to pay the loan in full. from $50,000 to $500,000 and have a led to an interview at the and Spanish. Provides ongoing pre- and postloan 3-to-1 matching funds requirement. South Bronx Overall LITTLE-KNOWN FACT Played the Contact: Carmen Diaz-Santiago, business development assistance. Priority is given to companies in Economic Development trombone in high school executive director, (212) 544-2400 Contact: Hector Davis, lending officer, economically hard-hit regions. Corp., which oversees the E-mail: [email protected] (718) 624-9115 Contact: Anthony Quenelle, Port Morris zone program. From his one-man office, Mr. Hyacinthe helps local Web site: E-mail: www.audubonpartnership.org [email protected] (518) 292-5134 businesses qualify for special tax breaks and other incentives. Last year, his Web site: www.bocnet.org E-mail: [email protected] G BRONX OVERALL ECONOMIC Web site: www.empire.state.ny.us program assisted about 200 clients. DEVELOPMENT CORP. G BUSINESS RESOURCE When he’s not in his office, Mr. Hyacinthe can be found walking through Assists businesses that are expanding & INVESTMENT SERVICE CENTER G HOUSING PARTNERSHIP Port Morris drumming up new business—meeting local merchants and as well as those interested in relocating Launched by the Upper Manhattan DEVELOPMENT CORP. letting them know that his agency is there to help. —JEAN ENDE to the Bronx. Empowerment Zone, it provides Promotes affordable home Contact: Rome A. Birkett, technical financing of between $50,000 and ownership, housing and revitalization of assistance and real estate coordinator, $250,000, technical assistance and neighborhoods through community and (718) 537-5261 counseling to businesses in East, Central economic development. E-mail: [email protected] through long-term, fixed rate loans to E-mail: [email protected] and West Harlem, Washington Heights Contact: Daniel E. Martin, president, Web site: www.gnydc.org creditworthy businesses in participation Web site: www.boedc.com and Inwood. Also houses a Business (646) 217-3372 with our lending partners. Offers loans Its Bronx Initiative for Energy and the Information Center Library providing E-mail: [email protected] G NEW YORK ASSOCIATION of up to $4 million with 90% financing. Environment has established the Bronx access to computer hardware and Web site: www.housingpartnership.com FOR NEW AMERICANS Contact: Chet Sadowski, senior vice Environmental Revolving Loan Fund, software, research and business Its Business Center is a one-stop president, (212) 785-5642 which offers loans of $10,000 to planning. G LONG ISLAND DEVELOPMENT CORP. shop offering resources for business E-mail: [email protected] $100,000 for implementation of energy Contact: (212) 410-0030 & GREATER NEW YORK DEVELOPMENT CO. development, including technical Web site: www.nybdc.com efficiency measures and environmental Web site: www.umez.org Provides financial assistance for assistance, microloans of up to $35,000, technologies. The Electric purchase, construction or renovation of and training in e-commerce and G NEW YORK CITY CAPITAL Transportation Grants Program makes G CAMBA ECONOMIC buildings, machinery, condos and co- business management. The center is RESOURCE CORP. grants of $5,000 to $100,000 to DEVELOPMENT CORP. ops. Also offers low-rate loans for equipped with a technology lab. Through its Loan Enhanced promote electric and hybrid Provides a spectrum of services to defense diversification, fisheries, Contact: Yanki Tshering, (212) 898-4112 Assistance Program, CRC makes direct transportation projects. BIEE also individuals looking to start a business, software and other targeted industries. E-mail: [email protected] loans to not-for-profit institutions that administers the Empowerment Zone existing businesses, and neighborhood Loans available to small businesses, Web site: www.nyana.org are expanding or improving services in Environmental Fund, which offers commercial centers. Helps to expand, nonprofits, and women- and minority- New York City. Qualifying borrowers grants of up to $100,000 to EZ create or attract business through the owned businesses. G NEW YORK BUSINESS include 501(c)(3) organizations and businesses that have received an EZ delivery of hands-on business Contact: Roslyn Goldmacher, DEVELOPMENT CORP. work with participating lending loan. These grants will cover the consulting, microloans and president/chief executive, (866) 433 5432 Promotes economic development institutions.

G DOWNTOWN FLUSHING TRANSIT HUB G STEINWAY STREET DISTRICT Contact: Mabel Law, executive director, Contact: Marie Torniali, executive Business Improvement Districts (718) 888-1805 director, (718) 721-8252 E-mail: [email protected] E-mail: [email protected] Continued from Page 26 G TIMES SQUARE ALLIANCE director, (212) 928-3400 Web site: www.flushingbid.com Web site: www.steinwaystreet.org Web site: www.lincolnbid.org Contact: Tim Tompkins, president, E-mail: [email protected] (212) 452-5200 Web site: www.washingtonhgtsbid.org G JAMAICA CENTER IMPROVEMENT G SUTPHIN BOULEVARD G LOWER EAST SIDE DISTRICT E-mail: [email protected] ASSOCIATION Contact: Janelle Badder, executive MANAGEMENT ASSOCIATION Web site: www.timessquarenyc.org Contact: Janet Barkan, executive director, director, (718) 291-2110 Contact: Caesar Alfano, marketing Queens (718) 526-2422 E-mail: [email protected] manager, (212) 226-9010 G UNION SQUARE PARTNERSHIP G 82ND STREET E-mail: [email protected] Web site: www.sutphinblvdbid.org E-mail: [email protected] Contact: Alexis Confer, executive Contact: Ernest Cury, president, Web site: www.jamaicacenter.org Web site: www.lowereastsideny.com assistant, (212) 460-1200 (718) 335-9421 G WOODHAVEN E-mail: [email protected] E-mail: [email protected] G LONG ISLAND CITY Contact: Maria A.Thomson, executive G MADISON AVENUE Web site: www.unionsquarenyc.org Contact: Andrew Ebenstein, operations director, (718) 805-0760 Contact: Matthew Bauer, president, G 165TH STREET MALL IMPROVEMENT manager, (718) 786-5300, ext. 30 E-mail: [email protected] (212) 861-2055 G VILLAGE ALLIANCE ASSOCIATION E-mail: [email protected] Web site: www.woodhavenbid.com E-mail: [email protected] Contact: Honi Klein, executive director, Contact: Derek Irby, executive director, Web site: www.licbid.org Web site: www.madisonavenuebid.org (212) 777-2173 (718) 298-5489 E-mail: [email protected] E-mail: [email protected] G MYRTLE AVENUE Staten Island G NOHO NY Web site: www.villagealliance.org Contact: Theodore M. Renz, G FOREST AVENUE Contact: Harriet Fields, executive G 180TH STREET executive director, Contact: Susan Meeker, executive director, director, (212) 677-4579 G WASHINGTON HEIGHTS DISTRICT Contact: Derek Irby, executive director, (718) 381-7974 (718) 816-4775 E-mail: [email protected] MANAGEMENT ASSOCIATION INC. (718) 298-5489 E-mail: [email protected] E-mail: [email protected] Web site: www.nohony.org Contact: George Sanchez, executive E-mail: [email protected] Web site: www.ridgewood-ny.com Web site: www.wbcldc.org I

28 | Crain’s New York Business | November 12, 2007 CNYB 11-12-07 A 29 11/8/2007 2:43 PM Page 1

REPORT GROWING A BUSINESS GUIDE

bonds to finance capital projects of $2 are applied toward the cost of VITAL STATS Financial Assistance million or more. Qualifying borrowers professional consultants, engineers or include owners/developers of other outside service providers engaged manufacturing, solid waste recycling and on behalf of a firm to develop and Contact: (212) 312-3600 provides assistance for existing businesses nonprofit facilities and developers of implement comprehensive projects in E-mail: [email protected] and startups looking for capital to grow. facilities in the Empowerment Zone. manufacturing, engineering, marketing, Web site: www.nycedc.com Helps businesses work out their Its Not-for-Profit Bond Program information technology and strategic financials, fine-tune their business plans 3.7% enables 501(c)(3) organizations planning. G NEW YORK CITY DEPARTMENT and prepare loan applications for lenders Increase in number purchasing, developing, renovating or Contact: Gary Youmans, director, client OF FINANCE throughout the city. of lending-institution equipping facilities for their own use to development, (212) 921-1662 Its Commercial Expansion Program Contact: Tracie Abbott, executive director access triple-tax-exempt bond financing E-mail: [email protected] offers a partial real property tax abatement of NYC business solutions, branches in New York and, in some cases, mortgage recording Web site: www.nystaac.org for tenants that directly lease space in (212) 618-8941 tax reduction. Pooled bond structures to nonresidential or mixed-used parcels in E-mail: [email protected] State in 2006 reduce costs are also available for not- G OVERSEAS PRIVATE areas zoned C4, C5, C6, M1, M2 or M3 Web site: www.nyc.gov/smallbiz for-profit borrowers. INVESTMENT CORP. north of 96th Street in Manhattan, or in Through its Avenue NYC Program, Its Small Industry Incentive Program Provides up to $250 million in long- the other four boroughs. SBS awards $2.8 million annually to five boroughs. Works to stimulate provides qualifying industrial companies term financing and/or political risk Its Commercial Revitalization Program dozens of neighborhood economic investment and broaden the city’s tax with real estate tax deductions, mortgage insurance to eligible U.S. companies provides a partial real property tax development organizations to carry out and employment base, while meeting recording tax waivers and sales tax investing in more than 150 emerging abatement for tenants that directly lease a range of commercial revitalization the needs of businesses. exemptions on the purchase of materials markets and developing countries. space in nonresidential or mixed-used programs, including business attraction Its Commercial Incentives for Lower used to construct, renovate or equip Contact: Information officer, premises built before 1975 and located efforts, district marketing campaigns, Manhattan Program offers savings for facilities for their own use. (202) 336-8799 in lower Manhattan. BID formation initiatives and other businesses relocating or recommitting to Contact: (212) 312-3600 E-mail: [email protected] Its Industrial and Commercial economic development activities. lower Manhattan. They include com- E-mail: [email protected] Web site: www.opic.gov Incentive Program gives a partial real Contact: Jeremy Waldrup, assistant mercial rent tax savings, sales tax sav- Web site: www.nycedc.com property tax exemption or abatement of commissioner, (212) 618-8716 ings, expanded Relocation and Employ- G QUEENS ECONOMIC taxes for owners of industrial or E-mail: [email protected] ment Assistance Program benefits and G NEW YORK STATE DEVELOPMENT CORP. commercial buildings that are Web site: www.nyc.gov/sbs World Trade Center rent reductions. BANKING DEPARTMENT Its Program for Investment in Micro constructed, rehabilitated, expanded or Its Empire Zones Program encourages New York City Capital Access Program Has listings of governmental and Enterprise provides training, technical otherwise physically improved. capital investment and job growth supports the ability of participating private-sector financial assistance and financial assistance to low-income, Its Relocation and Employment through incentives for new and lending institutions to make loans programs, as well as technical assistance disadvantaged entrepreneurs wishing to Assistance Program offers an annual expanding firms. These include wage, ranging from $1,500 to $1 million to programs, under the “Small Business start or expand a business. Helps clients credit toward business tax liabilities for investment and property tax credits, a eligible New York City-based Directory” section of its Web site. by reviewing each case to determine businesses that relocate from outside the state sales tax exemption, utility commercial, industrial and retail Contact: (877) BANK-NYS which lending sources are appropriate. city or from south of 96th Street in discounts and low-interest rate loans. enterprises, service providers and E-mail: [email protected] Contact: Jamila Payne, director, business Manhattan to anywhere else in the city. Contact: Lee Miller, director, nonprofit corporations. Web site: www.banking.state.ny.us services, (718) 263-0546, ext. 18 Contact: (212) 361-6705 (212) 618-8863 Contact: (212) 312-3600 E-mail: [email protected] E-mail: [email protected] E-mail: [email protected] E-mail: [email protected] G NEW YORK STATE TRADE ADJUSTMENT Web site: www.queensny.org Web site: www.nyc.gov/finance Web site: www.nyc.gov/imb Web site: www.nycedc.com ASSISTANCE CENTER Equips New York state G RENAISSANCE ECONOMIC G NEW YORK CITY DEPARTMENT G NEW YORK CITY ECONOMIC G NEW YORK CITY INDUSTRIAL manufacturers to respond to import DEVELOPMENT CORP. OF SMALL BUSINESS SERVICES DEVELOPMENT CORP. DEVELOPMENT AGENCY competition by offering 50-50 cost- Its Small Business Loan Fund offers Its Access to Capital Program Promotes economic growth in the Its Bond Program issues tax-exempt sharing of consulting projects. The funds Continued on Page 30

November 12, 2007 | Crain’s New York Business | 29 CNYB 11-12-07 A 30 11/8/2007 2:45 PM Page 1

REPORT GROWING A BUSINESS GUIDE Financial Assistance Local Development Continued from Page 29 abatements, sales tax exemptions and loans of up to $100,000 to entrepreneurs mortgage-recording tax exemptions. who require additional funding to Contact: Bruce Ferguson, executive Corporations expand existing enterprises or start new director, (631) 853-4802 ones. The affordable interest rate E-mail: [email protected] Though their services vary widely, local development corporations promote economic growth installment loans may be used for Web site: www.co.suffolk.ny.us throughout the city by helping businesses prepare loans, find real estate and deal with working capital or fixed assets. government agencies.These organizations also offer marketing support and energy analysis. Contact: Susan Yee, project director, G UPPER MANHATTAN (212) 964-6022 DEVELOPMENT CORP. Contact: Josephine Infante, executive Web site: www.bedc.org E-mail: [email protected] Offers government loans and federal The Bronx director, (718) 842-1717 Web site: www.renaissance-ny.org tax deductions and credits to businesses G BANANA KELLY COMMUNITY E-mail: [email protected] G EAST NEW YORK in the Upper Manhattan Empowerment IMPROVEMENT ASSOCIATION Web site: www.hpedc.org Contact: Sherry Roberts, executive G SOUTH BRONX OVERALL ECONOMIC Zone. Construction in the zone can be Contact: Vera Rosario, executive director, director, (718) 385-6700, ext. 11 DEVELOPMENT CORP. financed by tax-free bonds. (718) 328-1064 G MOSHOLU PRESERVATION CORP. E-mail: [email protected] Its Port Morris Empire Zone Program Contact: Hope Knight, E-mail: [email protected] Contact: Dart Westphal, president, Web site: www.ldceny.org assists businesses in receiving Empire chief operating officer, (718) 324-4461 Zone certification and informs them (212) 410-0030, ext. 206 G BELMONT ARTHUR AVENUE E-mail: [email protected] G EAST WILLIAMSBURG VALLEY of all tax benefit incentives and how E-mail: [email protected] Contact: Consolato Joe Cicciu, executive Web site: www.mpcbronx.org INDUSTRIAL DEVELOPMENT CORP. to apply. Web site: www.umez.org director, (718) 295-2882 Contact: Leah Archibald, executive Contact: Stephane Hyacinthe, director of E-mail: [email protected] G SOUTH BRONX OVERALL ECONOMIC director, (718) 388-7287 zone programs, (718) 732-7537 G WASHINGTON HEIGHTS Web site: www.belmontarthurldc.com DEVELOPMENT CORP. E-mail: [email protected] E-mail: [email protected] AND INWOOD DEVELOPMENT CORP. Contact: Neil Pariser, senior vice Web site: www.ewvidco.com Web site: www.sobro.org Its BO$$ Business Development Loan G BRONX COUNCIL FOR ECONOMIC president, (718) 292-3113 Program provides direct loans of up to DEVELOPMENT E-mail: [email protected] G FLATBUSH DEVELOPMENT CORP. G SUFFOLK COUNTY DEPARTMENT $25,000 to businesses, primarily in upper Contact: Vincent Pinela, executive Web site: www.sobro.org Contact: Mannix Gordon, (718) 859-4831 OF ECONOMIC DEVELOPMENT Manhattan. Makes loans of up to $50,000 director, (718) 829-2020 E-mail: [email protected] AND WORKFORCE HOUSING in partnership with other lenders. E-mail: [email protected] Its Industrial Development Agency Contact: Daniel Ramos, chief loan officer, Web site: www.bronxcentralcouncil.org Brooklyn G GOWANUS CANAL COMMUNITY offers financial assistance by issuing tax- (212) 795-1600 G ASTELLA DEVELOPMENT CORP. DEVELOPMENT CORP. exempt and/or taxable bonds, as well as E-mail: [email protected] G HUNTS POINT ECONOMIC Contact: Judi Orlando, executive director, Contact: Bob Zuckerman, executive incentives such as real property tax Web site: www.whidc.org I DEVELOPMENT CORP. (718) 266-4653 director, (718) 858-5766 E-mail: [email protected] E-mail: [email protected] Web site: www.astelladevelopment.org Web site: www.gowanus.org G BROOKLYN ECONOMIC G GREATER SHEEPSHEAD BAY DEVELOPMENT CORP. DEVELOPMENT CORP. Contact: James E. Sanford, director of Contact: (718) 332-0582 community development, E-mail: [email protected] (718) 522-4600, ext. 30 E-mail: [email protected] G MIDWOOD DEVELOPMENT CORP.

SW BROOKLYN INDUSTRIAL DEVELOPMENT CORP. COACH TO THE BOROUGH BORN THREE YEARS AGO, after more than 50 years in Brooklyn, executives at Linda Tool & Die were considering leaving the borough. The company GETTING BAD RESUMES had outgrown its Carroll Gardens location, and owner Michael DiMarino was FROM THE OTHER GUYS? considering a move. First, he contacted Phaedra Thomas, (There’s a use for them after all.) head of the Southwest Brooklyn Industrial Develop- ment Corp. She hooked up Linda Tool & Die with a series of city programs that made it advantageous for the company to stay put. A loyal, born-and-bred Brooklynite, Ms. Thomas started helping local businesses right after Get the quality New York candidates you really want from CareerBuilder.com. college. She took her first job with the South Brooklyn Local Development Corp. in 1999, CareerBuilder.com not only results in 20 times more applicants than comparable working with firms in Red PHAEDRA THOMAS recruiting resources*, it also has the outstanding performers you need. And no Hook and Gowanus. She led Executive director other source brings you more New York results. When you’re ready to fi nd the the group’s expansion to include Sunset Park and EDUCATION Boston University, B.A. in perfect candidate, you’re ready for CareerBuilder.com. To place an ad today, call oversaw its merger with urban studies, ’98 1-877-Fill-A-Job or visit www.hiring.careerbuilder.com/nyc. SWBIDC, which she’s headed LITTLE-KNOWN FACT Husband runs “the since 2005. The organization, best auto mechanic shop in NYC” which has a staff of nine, provided services for over 750 businesses last year. Ms. Thomas has actually been batting for Brooklyn for more than 20 years. She was a star of the Park Slope 78th Precinct Little League, as well as its sole female player, in the mid-1980s. In her off-hours, Ms. Thomas focuses on community improvement— working with Community Boards 6 and 7; volunteering with Red Hook Rise, Qualifi ed Talent Pool Most Extensive Reach Value Delivered a nonprofit offering dance and other programs for young people; and, of course, promoting JEANlocal ENDE business growth.— *Source: NewOffi ce.com.

30 | Crain’s New York Business | November 12, 2007 CNYB 11-12-07 A 31 11/8/2007 2:50 PM Page 1

REPORT GROWING A BUSINESS GUIDE

G WOODSIDE-ON-THE-MOVE VITAL STATS Local Development Corporations Contact: Rosa M. Reyes, executive director, (718) 476-8449 E-mail: [email protected] Contact: Linda Goodman, (718) 376-1098 G HUNTERS POINT COMMUNITY E-mail: [email protected] E-mail: [email protected] DEVELOPMENT CORP. Web site: www.queensny.org Web site: www.middev.org Contact: Terri Adams, president, Staten Island (718) 786-9245 G RIDGEWOOD G DOWNTOWN STATEN ISLAND COUNCIL 1,201 G MYRTLE AVENUE BROOKLYN Contact: Theodore M. Renz, executive Contact: Kamillah Hanks, acting Business bankruptcies PARTNERSHIP G LONG ISLAND CITY BUSINESS director, (718) 366-3806 executive director, (718) 273-6369 Contact: Michael Blaise Backer, executive DEVELOPMENT CORP. E-mail: [email protected] E-mail: [email protected] in the state in 2006 director, (718) 230-1689 Contact: Dan Miner, Web site: www.ridgewood-ny.com Web site: www.downtownsi.com E-mail: [email protected] (718) 786-5300, ext. 27 Web site: www.myrtleavenue.org E-mail: [email protected] G ROCKAWAY DEVELOPMENT & G STATEN ISLAND ECONOMIC Web site: www.licbdc.org REVITALIZATION CORP. DEVELOPMENT CORP. CENTER/BOC WOMEN’S BUSINESS G SOUTH BROOKLYN Contact: Janet Henriquez, director of Contact: Cesar J. Claro, (718) 477-1400 CENTER Contact: Bette Stoltz, executive director, G QUEENS ECONOMIC business and professional services, E-mail: [email protected] Contact: Susan S. Meeker, executive (718) 852-0328 DEVELOPMENT CORP. (718) 327-5300 Web site: www.siedc.net director, (718) 816-4775 E-mail: [email protected] Contact: Spencer Ferdinand, executive E-mail: [email protected] E-mail: [email protected] director, (718) 263-0546 Web site: www.rdrc.org G WEST BRIGHTON/SMART BUSINESS Web site: www.wbcldc.org I G SOUTHWEST BROOKLYN INDUSTRIAL DEVELOPMENT CORP. Contact: Christopher Shepard, empire zone manager, (718) 965-3100, ext. 106 E-mail: [email protected] Web site: www.sbidc.org Manhattan Deposit Your Business Checks G HOUSING PARTNERSHIP Without Leaving Your Desk DEVELOPMENT CORP. Contact: Daniel E. Martin, president, (646) 217-3372 E-mail: [email protected] Web site: www.housingpartnership.com G LOWER EAST SIDE CONSERVANCY Contact: Laurie Tobias Cohen, executive director, (212) 374-4100, ext. 1 E-mail: [email protected] Web site: www.nycjewishtours.org G RENAISSANCE ECONOMIC DEVELOPMENT CORP. Contact: Jannie Lai, assistant manager, (212) 964-6022 E-mail: [email protected] Web site: www.renaissance-ny.org G UNION SQUARE PARTNERSHIP Contact: Alexis Confer, executive assistant, (212) 460-1200 E-mail: [email protected] Web site: www.unionsquarenyc.org G UPPER MANHATTAN EMPOWERMENT ZONE DEVELOPMENT CORP. Contact: Hope Knight, chief operating officer, (212) 410-0030 E-mail: [email protected] Web site: www.umez.org At Banco Popular, we provide G VALLEY RESTORATION Contact: Lillian Rydell, executive customized business solutions to director, (212) 222-2600 help your business run smoothly. E-mail: [email protected] G WASHINGTON HEIGHTS AND INWOOD Our Image Remote Deposit service provides you with the capability FREE DEVELOPMENT CORP. Ask us how to get a Contact: Dennis Reeder, (212) 795-1600 to image-capture check payments and deliver electronically those Scanner for your Business. E-mail: [email protected] images to the Bank over a secure internet connection. Web site: www.whidc.org Queens Enjoy the Convenience. Make all your bank deposits right Call Us Today! G ASTORIA RESTORATION ASSOCIATION from your offi ce. Contact: Catherine Piecora, (718) 726-0034 1-800-250-6968 Speed up your access to funds. G CENTRAL ASTORIA LOCAL Gain valuable check fl oat DEVELOPMENT COALITION benefi ts by getting deposits into your account faster than ever. Contact: Marie Torniali, executive director, (718) 728-7820 E-mail: [email protected] Electronic access. Images can be searched, retrieved, saved Web site: www.centralastoria.org and printed electronically. Get detailed reports on current and G GREATER JAMAICA past deposit data for analysis. DEVELOPMENT CORP. Contact: Justin Rodgers, manager of business and industrial development, (718) 291-0282, ext. 147 E-mail: [email protected] Web site: www.gjdc.org G GREATER WOODHAVEN DEVELOPMENT CORP. Contact: Maria A.Thomson, executive ©2007 Banco Popular North America. Member FDIC. director, (718) 805-0202 E-mail: [email protected]

November 12, 2007 | Crain’s New York Business | 31 CNYB 11-12-07 A 32 11/8/2007 2:54 PM Page 1

REPORT GROWING A BUSINESS GUIDE

SBDC AT YORK COLLEGE Small Business ROCK-SOLID DEVELOPMENTADVICE LIFE IS FULL of unexpected Development twists, and for many individuals, that means changes in the professions Centers they pursue. Al Titone, for one, once saw himself as the lead singer in a wildly pop- Small business development centers provide business counseling, management assistance ular rock band, accumulating and training to New Yorkers who want to start a business or improve the performance of gold records and fighting off an existing one. screaming fans. Entrepreneurs can receive counseling and training to resolve organizational, He sang and played key- financial, marketing, production and technical questions and problems. Most of the services offered at the centers are free, and many programs are specifically designed for boards in several groups as a groups of entrepreneurs involved in particular businesses. music major specializing in voice. But following a few G BARUCH COLLEGE (516) 564-8672 E-mail: [email protected] tough years on the road after Contact: Lendynette Pacheco, E-mail: [email protected] Web site: www.nyssbdc.org college, he decided to shift (646) 312-4790 Web site: www.farmingdale.edu/sbdc E-mail: G MANHATTAN REGIONAL CENTER direction toward business lendynette_pacheco @baruch.cuny.edu G LAGUARDIA COMMUNITY COLLEGE AT PACE UNIVERSITY school and the business world. Web site: http://zicklin.baruch.cuny.edu/ Contact: (212) 618-6655 Armed with an MBA, he centers/field VITAL STATS E-mail: [email protected] quickly landed a job manag- Web site: http://manhattan.nyssbdc.org ing the customer assis- G BORICUA COLLEGE tance program at La Guardia Contact: Angel Roman, G ST. NICHOLAS ENTREPRENEURSHIP Airport for the Port Authority (718) 963-4112, ext. 565 ASSISTANCE PROGRAM CENTER E-mail: [email protected] Contact: Ernie Spears, small business of New York & New Jersey. He Web site: www.nyssbdc.org development manager, later worked for several 19% Increase in number (718) 388-5454, ext. 162 retailers. Six years ago, he AL TITONE Director G COLLEGE OF STATEN ISLAND E-mail: [email protected] Contact: Web site: got an offer to head the EDUCATION SUNY Fredonia, B.S. in music, Dean Balsamini, director, of SBA-guaranteed www.brooklynbusinesscenter.com Small Business Development (718) 982-2560 ’80; St. John’s University, MBA, ’88 G Center at York College, which E-mail: [email protected] loans in New York City STONY BROOK UNIVERSITY/STATE Web site: UNIVERSITY OF NEW YORK has a staff of four. It proved LITTLE-KNOWN FACT Former lead singer www.nyssbdc.org For fiscal year ended Sept. 30, 2007. in rock bands Contact: Gloria Glowacki, to be an ideal match. G FARMINGDALE STATE COLLEGE (631) 632-9070 “I’m really proud of what OF NEW YORK E-mail: [email protected] we do here,” says Mr. Titone. “We work with all types of people. Some are Contact: Lucille Wesnofske, director, Contact: Brian Gurski, acting director, Web site: www.stonybrook.edu/ just starting out; some have million-dollar businesses.” (631) 420-2765 (718) 482-5303 smallbusiness Last year, the center worked with about 600 people, helping them write E-mail: lucille.wesnofske@ E-mail: [email protected] Web site: G YORK COLLEGE business plans, apply for funds and learn skills. Mr. Titone looks forward to as- farmingdale.edu www.nyssbdc.org Web site: www.farmingdale.edu/sbdc Contact: Alfred Titone, director, sisting more people with their businesses. Of course, if anyone needs a hand G LEHMAN COLLEGE (718) 262-2880 livening up a party, he’s ready to lend a well-trained voice, too. —JEAN ENDE G HEMPSTEAD OUTREACH CENTER Contact: Clarence Stanley, executive E-mail: [email protected] Contact: Lloyd Clarke, assistant director, director, (718) 960-8806 Web site: www.york.cuny.edu/sbdc I

Lower your rates, not your standards. Business Libraries Business owners can use resources at area public libraries to research new markets (Discounts up to 40% on car insurance.) and products.

® Switch to State Farm and you could save big. Take advantage of one of our many discounts–saving money’s one of G BROOKLYN PUBLIC LIBRARY’S the reasons why 1.3 million drivers switched to State Farm last year. Hurry in (but please don’t speed). BUSINESS LIBRARY Address: 280 Cadman Plaza West, Find a State Farm agent near you and call today: Brooklyn, NY 11201 Contact: Maud Andrew, outreach manager, (718) 623-7000, ext. 1231 E-mail: [email protected] G PACE UNIVERSITY’S EDWARD & DORIS Web site: www.biz. MORTOLA LIBRARY brooklynpubliclibrary.org Address: 861 Bedford Road, Pleasantville, NY 10570 G C.W. POST CAMPUS OF LONG ISLAND Contact: Wendy Yurta, (914) 773-3503 Linda Burchett, Agent Juliet De Rossi, Agent Dick Flanagan, Agent Meilee Fu Agcy Inc UNIVERSITY’S CENTER FOR BUSINESS E-mail: 301 Cathedral Parkway 42 Broadway 146 East 78th Street Meilee Fu, Agent [email protected] RESEARCH Web site: New York, NY 10026-4066 New York, NY 10004-1617 New York, NY 10021-0351 299 Broadway http://library.pace.edu Bus: 212-665-2657 Bus: 212-514-8260 Bus: 212-628-8810 New York, NY 10007-1970 Address: 720 Northern Blvd., G [email protected] [email protected] [email protected] Bus: 212-233-0606 Brookville, NY 11548 QUEENS BOROUGH PUBLIC Contact: Martha Cooney, (516) 299-2310 LIBRARY’S BUSINESS, SCIENCE & E-mail: [email protected] TECHNOLOGY DIVISION Web site: www.liu.edu/cwis/cwp/ Address: 89-11 Merrick Blvd., library/cbr/cbrhome.htm Jamaica, NY 11432 Contact: (718) 990-0852 G NEW YORK PUBLIC LIBRARY’S Web site: www.queenslibrary.org COUNTEE CULLEN BRANCH James B Lavelle, Agent Kevin Leong, Agent Robert Stevenson II, Agent Address: 104 W. 136th St., G ST. JOHN’S UNIVERSITY’S KATHRYN & 420 Lexington Avenue 156 5th Avenue 200 Central Park South New York, NY 10030 SHELBY CULLOM DAVIS LIBRARY New York, NY 10170-2099 New York, NY 10010-7799 New York, NY 10019-1449 Contact: Moriba Jackson, branch Address: 101 Murray St., Bus: 212-687-1699 Bus: 212-807-1700 Bus: 212-397-0580 librarian, (212) 491-2070 New York, NY 10007 [email protected] [email protected] [email protected] E-mail: [email protected] Contact: Ismael Rivera, (212) 277-5137 Web site: www.nypl.org E-mail: [email protected] Web site: http://libraries.stjohns.edu/ G NEW YORK PUBLIC LIBRARY’S davislibrary SCIENCE, INDUSTRY & BUSINESS LIBRARY G ST. JOHN’S UNIVERSITY’S LORETTO Address: 188 Madison Ave., MEMORIAL LIBRARY New York, NY 10016 Address: 300 Howard Ave., Contact: Kristin McDonough, Staten Island, NY 10301 Contact: statefarm.com® (212) 592-7080 Mark Meng, (718) 390-4458 E-mail: [email protected] E-mail: [email protected] P060397 12/06 State Farm Mutual Automobile Insurance Company, State Farm Indemnity Company – Bloomington, IL Web site: http://smallbiz.nypl.org Web site: http://libraries.stjohns.edu I

32 | Crain’s New York Business | November 12, 2007 CNYB 11-12-07 A 33 11/8/2007 2:57 PM Page 1

REPORT GROWING A BUSINESS GUIDE

delivery of government services and and registrations. Limited on-site business-related issues by sending agents environmental audits are also offered. Advice and Education directly to business locations. The Contact: James R. Coyle, program Emergency Response Unit works with manager, (800) 780-7227 the Office of Emergency Management E-mail: [email protected] These organizations and agencies provide technical, managerial or financial advice and and other city agencies to assist Web site: www.nysefc.org training to entrepreneurs interested in starting up or expanding their small business. businesses that suffer physical damage during natural and man-made disasters. G NEW YORK STATE GOVERNOR’S OFFICE G BUSINESS OUTREACH CENTER professionals, as well as courses to Contact: Bernadette Nation, director, OF REGULATORY REFORM NETWORK upgrade technical skills. (212) 618-8810 Helps to grow private-sector jobs Free services and resources for small Contact: Chris Helm, (212) 217-7250 E-mail: [email protected] through sensible regulation and permit businesses. The New York City centers E-mail: [email protected] Web site: www.nyc.gov/smallbiz assistance. serve multiethnic business communities Web site: www.fitnyc.edu/enterprisecenter Its New York City Business Solutions Its Business Permit Unit provides citywide. Its Brooklyn Enterprise Center Program provides free services, including individualized assistance in identifying Brooklyn: North Brooklyn, G GARMENT INDUSTRY provides startup and expansion support connecting enterpreneurs to capital and and obtaining licenses and permits. (718) 624-9115; South Brooklyn, DEVELOPMENT CORP. services for small business entrepreneurs, incentives; assisting startups; cutting red GORR’s Web site has a database of (718) 253-5262 A nonprofit organization that including classroom training, workshops, tape to ease the process of navigating some 1,200 business permits. Manhattan: Chinatown, (212) 966-7328; promotes New York City’s apparel seminars, conferences and one-on-one government agencies; and helping Contact: Kathleen Davidson, supervisor, Washington Heights/Inwood, industry by connecting retailers, brands business counseling. Some services are businesses compete for contracts, as well (518) 474-8275 (212) 795-1600 and designers with local factories and provided in Spanish. as to recruit and train workers. One-on- E-mail: [email protected] Staten Island: West Brighton, working to increase the productivity and Contact: Elisa Balabram, director, one counseling is also available. Web site: www.nys-opal.com (718) 816-4775 efficiency of New York manufacturers. (718) 385-6700, ext. 24 Contact: Dial 311 and ask for NYC Queens: Corona, (718) 205-3773; Contact: Fatiah Hosein, acting executive E-mail: [email protected] Business Solutions G NEW YORK STATE OFFICE OF SCIENCE, Rego Park, (347) 866-3962 director, (212) 366-6160, ext. 104 Web site: www.ldceny.org Web site: www.nyc.gov/smallbiz TECHNOLOGY AND ACADEMIC Newark: (973) 242-5562 E-mail: [email protected] RESEARCH Contact: Nancy Carin, executive director, Web site: www.gidc.org G LONG ISLAND ASSOCIATION G NEW YORK CITY OFFICE OF THE Its Centers for Advanced Technology (718) 624-9115 Works to create and retain balanced COMPTROLLER develop new technologies and improve E-mail: [email protected] G INDUSTRIAL AND TECHNOLOGY economic activity and jobs on Long Its Citizen Action Center helps small existing ones. The program has Web site: www.bocnet.org ASSISTANCE CORP. Island. Also offers a variety of programs, businesses that want to learn about city supported university-industry Provides training and technical including executive breakfasts and services or regulations; answers collaboration in research, education and VITAL STATS assistance to manufacturing and seminars on business issues. questions about contracts, procurement technology transfer, with a strong focus technology firms in New York City to Contact: Gary Wojtas, director of policy or claims against the city; and on helping New York businesses gain a help them compete effectively. Its practice communications, (631) 493-3020 helps solve any problem related to New technological edge on their competition. areas include business growth, advanced E-mail: [email protected] York City government or services. Its Regional Technology Development technology, sustainable business, lean Web site: www.liaonline.org Contact: Carmen Martinez, director, Centers provide direct technical and manufacturing, operations management Its Small Business Council represents (212) 669-3916 consulting assistance to technology- and and workforce development. small business community interests before E-mail: [email protected] manufacturing-based businesses. The 1.9M Contact: Jane Tabachnick, business government and helps develop the LIA’s Web site: www.comptroller.nyc.gov centers offer entrepreneurial and Estimated number development manager, (212) 442-2990 legislative agenda.The council provides business assistance, technical of small businesses E-mail: [email protected] services and business seminars, as well as G NEW YORK STATE ENVIRONMENTAL improvement assistance, financing and Web site: www.itac.org many networking opportunities. FACILITIES CORP. venture capital information, and in the state in 2006 Its Business Growth Program helps Contact: Claire Fratello, (631) 493-3050 Its Small Business Environmental information on state and federal firms design a measurably smarter plan E-mail: [email protected] Assistance Program helps small productivity and research grants. for business growth and lends expertise Web site: www.longislandassociation.org businesses comply with federal and state Contact: Janette Nrondo, director of to sustain it. air pollution regulations. Free, communications, (518) 292-5700 Its Child Care Business Development Contact: Jane Tabachnick, business G NEW YORK CITY DEPARTMENT OF confidential services include help with E-mail: [email protected] Project offers training programs and development manager, (212) 442-2990 SMALL BUSINESS SERVICES understanding federal and state air- Web site: www.nystar.state.ny.us counseling to help home-based child E-mail: [email protected] Its Business Outreach Team and quality regulations, technical advice on care providers obtain licenses, and start Web site: www.itac.org Emergency Response Unit helps pollution prevention and control, and G PARTNERSHIP FOR NEW YORK CITY and grow their businesses. Its Cost Reduction Services Program businesses resolve problems involving assistance with completion of permits Continued on Page 34 Contact: Bobby Cohen, project director, helps manufacturing firms do more with (718) 624-9115 fewer resources, streamline processes E-mail: [email protected] and create faster, less costly throughput. Web site: www.bocnet.org Contact: Jane Tabachnick, business Richard Kelly Its Fort Greene Fashion Group development manager, (212) 442-2990 President, Jay Packaging Group provides entrepreneurial training and E-mail: [email protected] networking opportunities for Web site: www.itac.org independent fashion designers. The Its Lean Manufacturing Program group meets monthly to participate in delivers measurably smarter techniques workshops and to meet buyers, for growth and the development of manufacturers, marketers and other appropriate business infrastructure to people involved in the fashion industry. support growth. Contact: Liliana Blanco, director, Contact: Jane Tabachnick, business (718) 624-9115 development manager, (212) 442-2990 E-mail: [email protected] E-mail: [email protected] Web site: www.bocnet.org Web site: www.itac.org “We’ve been with Webster for 15 years. Its Operations Management Program They understand changing market conditions.” G CAMBA ECONOMIC provides an operations assessment and a DEVELOPMENT CORP. plan of action for a manufacturing Its Small Business Services Program business to improve its processes and offers services to assist small Brooklyn- increase its bottom line. based businesses. Services include a Contact: Jane Tabachnick, business 60-hour business strategy seminar, development manager, (212) 442-2990 individual business consultations, E-mail: [email protected] business plan reviews, a monthly money Web site: www.itac.org management and credit repair workshop, Its Sustainable Business Program and microloans of up to $15,000. helps technology or manufacturing Contact: Paisley Demby, director of small businesses become more sustainable by business services, (718) 282-2500, ext. 241 reducing waste and optimizing efficiency. Richard Kelly of Jay Packaging explains, “Webster has a good understanding of what we do. They understand E-mail: [email protected] Contact: Stefanie Feldman, director, Web site: www.camba.org (212) 442-2990 our customers. They understand where we’re headed. They certainly value long-term relationships.” E-mail: [email protected] At Webster Business Credit, we provide customized asset-based lending services, financing for retailers and G EMPIRE STATE DEVELOPMENT Web site: www.itac.org cash management services that best meet your company’s financial needs. As Mr. Kelly says, “They’re Its Entrepreneurial Assistance Its Technology Program assists Program provides training, technical technology firms in finding the knowledgeable. They’re flexible. They’re trustworthy.” This is how Webster develops trust and grows businesses. assistance and support services to resources they need to develop products, See why we’ve earned our reputation as a leading provider of financing to the middle market. Contact individuals who have recently started a commercialize technologies and locate Warren Mino, President, at 212-806-4501 or [email protected] or visit us at Websterbcc.com. business in New York state or are R&D funding. ITAC’s team will access interested in starting one. its network of academics, government Contact: Joyce Smith, director, resources and other professionals to help (212) 803-3234 innovative New York City firms develop E-mail: [email protected] and adapt new technologies. Web site: www.empire.state.ny.us Contact: Jane Tabachnick, business Websterbcc.com development manager, (212) 442-2990 G FASHION INSTITUTE OF TECHNOLOGY E-mail: [email protected] 9/06 Its Enterprise Center offers four-week Web site: www.itac.org New York Boston Hartford Atlanta Chicago Memphis Charlotte Dallas entrepreneurial courses for artists, Webster Business Credit Corporation is a subsidiary of Webster Bank, N.A. Member FDIC. Equal Housing Lender. The Webster Symbol and Webster Business Credit are designers and fashion industry G LDC OF EAST NEW YORK service marks of Webster Financial Corporation. Webster is registered in the U.S. Patent and Trademark Office.

November 12, 2007 | Crain’s New York Business | 33 CNYB 11-12-07 A 34 11/8/2007 2:59 PM Page 1

REPORT GROWING A BUSINESS GUIDE

MANHATTAN CHAMBER OF COMMERCE Chambers of CHAMBER STAR BROADENS REACH Commerce AS RECENTLY as four years ago, architect Karen Bausman would have said flatly that New York’s chambers of commerce assist small businesses by offering a range of services including financial assistance, networking opportunities, legislative initiatives and other she had no use for the Man- resources.The local chamber is small business’ best resource for city government, business hattan Chamber of Com- data, and community profile and visitor guide information. merce. Then she heard the chamber’s executive director, G BROOKLYN CHAMBER OF COMMERCE (212) 255-5852 Contact: Quenia Abreu, president and Nancy Ploeger, speak at a A membership-based, business E-mail: [email protected] chief executive, (212) 491-9640 conference, and she decided assistance and economic development Web site: www.villagechelsea.com E-mail: [email protected] organization that provides support and Web site: www.nywcc.org that she should seek out Ms. services to the small businesses of G MANHATTAN CHAMBER Ploeger’s advice. Brooklyn. OF COMMERCE G QUEENS CHAMBER OF COMMERCE Good move. Among other Contact: Rosalie Rance, vice president of Advocates for positive business Fosters commerce and improves the things, Ms. Ploeger helped marketing and membership, legislation, sponsors educational quality of life for all residents by Ms. Bausman get her firm (718) 875-1000, ext. 148 seminars and networking events, advocating for the business community, certified to compete for E-mail: [email protected] markets member companies and holding networking events and helping municipal contracts as a Web site: www.ibrooklyn.com encourages global business. Holds street to keep the community informed of the fairs, volunteer expos and supports the latest developments affecting industry woman-owned business. Two G BUSINESS COUNCIL nonprofit community. and the private sector. years ago, the firm won a OF WESTCHESTER Contact: Laura Bucko, director of Contact: Sophia Ganosis, executive vice multimillion-dollar Parks Offers services, programs and communications, (212) 473-7875 president, (718) 898-8500 Department contract; now it’s information in the areas of economic E-mail: [email protected] E-mail: [email protected] competing for a $10 million development, legislative advocacy, area Web site: www.manhattancc.org Web site: www.queenschamber.org job from the Fire Department. development and small business affairs. Contact: Marsha Gordon, president and G NEW BRONX CHAMBER G STATEN ISLAND CHAMBER When Ms. Ploeger joined chief executive, (914) 948-2110 OF COMMERCE OF COMMERCE the chamber in 1994, there E-mail: [email protected] Provides members with counseling Acts to improve the economic climate really wasn’t much to it: The Web site: www.westchesterny.org and free referrals, free ombudsman and expand business opportunities. Has a chamber had 250 members NANCY PLOEGER Executive director services to solve problems with Business Solutions Center and offers and focused solely on G EDUCATION Monmouth University (N.J.), CITY ISLAND CHAMBER government agencies, and marketing legislative access, referrals, networking eastern Manhattan. It now OF COMMERCE B.A. in psychology, ’71 and research assistance. The chamber opportunities and business resources. boasts 1,500 members Promotes business for City Island. also sponsors free seminars and Contact: Linda Baran, president and LITTLE-KNOWN FACT Major fan of Helps businesses and visitors with networking events. chief executive, (718) 727-1900 from across the borough and information through the chamber Contact: Lenny Caro, chief executive, E-mail: [email protected] offers extensive member Chrissie Hynde and the Pretenders Web site. (718) 828-3900 Web site: www.sichamber.com benefits, an active Web site, Contact: Peter J. La Scala, president, E-mail: [email protected] public seminars and assistance with international trade. Meanwhile, the G (718) 885-9100 Web site: www.bronxchamber.org WEST SIDE CHAMBER chamber’s charitable efforts have drawn thousands of volunteers and raised E-mail: OF COMMERCE [email protected] more than $2 million for Manhattan-based nonprofits. Web site: www.cityislandchamber.org G NEW YORK WOMEN’S CHAMBER Provides advice to businesses and OF COMMERCE residents. Offers a member health plan A native of St. Louis, Ms. Ploeger came to New York right after college. She G GREENWICH VILLAGE-CHELSEA Dedicated to fostering women’s and discounts on credit card processing. joined Federated Department Stores and worked her way up to director of exec- CHAMBER OF COMMERCE economic, leadership and professional Showcases local businesses with the utive recruitment. Her next stop was New York Sports Club, where she stayed Provides networking luncheons, growth through the provision of business Amsterdam and Columbus Avenue for 12 years, ultimately becoming VP for operations and human resources. after-hours events, business seminars and microenterprise development festivals. When she heard that the Manhattan chamber was looking for a new and numerous other marketing programs, education and training, Contact: Andrew Albert, (212) 541-8880 leader, she jumped at the chance to build her own organization. —JEANENDE opportunities. mentoring, coaching, networking, access E-mail: [email protected] Contact: Dirk McCall, executive director, to capital and advocacy. Web site: www.westsidechamber.org I

Park for New York City and reports any problems confronting businesses. Assists Advice and Education businesses in any communication with Utility city agencies. Continued from Page 33 Microenterprise provides training and Contact: Peggy E. Mason, director, An organization made up of business technical assistance to low-income, (718) 732-7537 E-mail: Services leaders from the city’s top firms with the disadvantaged entrepreneurs who want to [email protected] mission of enhancing the city’s start, operate or expand their businesses. Web site: www.sobro.org economic well-being. Services are available to all city residents. The following is a list of companies that Its New York City Investment Fund is a Contact: Jamila Payne, director of G SUFFOLK COUNTY DEPARTMENT OF provide energy-related assistance, such as private fund that invests in businesses business services, (718) 263-0546, ext. 18 ECONOMIC DEVELOPMENT AND reduced energy costs, to small businesses and nonprofits that promote the local E-mail: [email protected] WORKFORCE HOUSING looking to expand or relocate within the economy. Web site: www.queensny.org Helps business owners obtain public five boroughs. Contact: (212) 493-7400 and private financing; provides Web site: www.nycif.org G SCORE, COUNSELORS TO AMERICA’S individualized counseling and technical G CONSOLIDATED EDISON CO. Web site: www.keyspanenergy.com SMALL BUSINESS assistance, access to government contract OF NEW YORK Its Economic Development Gas Rate G QUEENS ECONOMIC A not-for-profit volunteer association information and training seminars. Offers incentives to encourage Program reduces natural gas costs for DEVELOPMENT CORP. of businesspeople who provide counseling Contact: Carolyn Fahey, intergovern- business creation in New York City and commercial and industrial customers in Works with community partners and to startups and existing businesses with mental relations coordinator, Westchester county. Its economic its service territories. supporters to provide a spectrum of various aspects of operations, including (631) 853-4800 development programs provide reduced Contact: Victor Vientos, manager, NYC services to Queens businesses. Focuses marketing, financing, production, E-mail: [email protected] electric and gas rates for expansion and economic development, (718) 982-7416 on improving commercial districts, personnel and administration. Web site: www.suffolkcountyny.gov relocation. E-mail: [email protected] business and tourism. Seeks to provide Contact: Martin R. Lehman, marketing Bronx/Westchester: James Hartwick, Web site: www.keyspanenergy.com business owners with a range of choices director, (212) 264-4507 G U.S. SMALL BUSINESS (914) 925-6459 KeySpan Energy Delivery offers and flexibility to accelerate business. E-mail: [email protected] ADMINISTRATION Brooklyn: Stuart Leffler, (718) 802-5004 commercial and industrial space, Contact: Spencer Ferdinand, executive Web site: www.scorenyc.org Provides one-to-one counseling and Manhattan: Lisa Frigand, discounted gas rates, loans, letters of director, (718) 263-0546 training for startup and existing (212) 460-2830; Debra Patterson, credit and loan guarantees, loan E-mail: [email protected] G SOUTH BRONX OVERALL ECONOMIC businesses. (212) 460-6198 packaging and partnerships, and grants. Web site: www.queensny.org DEVELOPMENT CORP. Contact: (212) 264-4354 Queens: Andrew Manger, (718) 961-5948 Contact: Domenic Abbatiello, director, Its Entrepreneurial Assistance Its Entrepreneurial Assistance Web site: www.sba.gov Staten Island: Frank Pentecost, economic development, (516) 545-3873 Program offers a 10-week program Program offers training for new (718) 390-6380 E-mail: [email protected] designed to teach the essentials of business entrepreneurs and existing business G WOMEN PRESIDENTS’ ORGANIZATION Contact: Toni Graziano, manager, Web site: www.keyspanenergy.com development. Provides specialized owners. Also offers office space to Offers peer advisory groups for economic development, (201) 236-6009 services, including entrepreneurial startups at SoBRO’s Venture Center, a women chief executives and presidents Web site: www.coned.com G NEW YORK CITY DEPARTMENT OF training, counseling and working capital small business incubator that provides of companies with annual revenues of SMALL BUSINESS SERVICES loan financial packaging, to startup and on-site training and technical assistance. more than $2 million. Groups meet G KEYSPAN Its Energy Cost Savings Program existing Queens businesses. Contact: Ericka Powell, director, monthly to promote professional and Offers incentives to new businesses reduces regulated energy costs for Contact: Demica Durr, program manager, (718) 732-7534 personal development. in its service territories. Also offers many industrial and commercial businesses (718) 263-0546 E-mail: [email protected] Contact: Marsha Firestone, energy programs to assist its customers. that relocate or renovate. Businesses E-mail: [email protected] Web site: www.sobro.org (212) 688-4114 Contact: Domenic Abbatiello, director, must file an application before Web site: www.queensny.org Its New York City Industrial Business E-mail: [email protected] economic development, (516) 545-3873 executing a lease or contract of sale. Its Program for Investment in Zone Program monitors the Industrial Web site: www.womenpresidentsorg.com I E-mail: [email protected] Businesses occupying space within a

34 | Crain’s New York Business | November 12, 2007 CNYB 11-12-07 A 35 11/8/2007 3:01 PM Page 1

REPORT GROWING A BUSINESS GUIDE

Contact: Miriam Johnson, director, offers the 8(a) program for economically (718) 732-7540 and socially disadvantaged small Procurement Help E-mail: [email protected] businesses. Its procurement programs Web site: www.sobro.org can assist firms in increasing their The following local, state and federal agencies and organizations assist small businesses in annual sales. obtaining government contracts by providing counseling, education and technical assistance. G SUFFOLK COUNTY DEPARTMENT OF Contact: Georgia Ellis, assistant area ECONOMIC DEVELOPMENT AND director, (212) 264-4322 G LAGUARDIA COMMUNITY COLLEGE financial partners. Provides one-on-one WORKFORCE HOUSING E-mail: [email protected] Its Procurement Technical Assistance guidance on specific bid solicitations and Its Purchasing Technical Assistance Web site: www.sba.gov Center helps small, minority and women related specifications, analysis related to Program counsels small businesses on Its Office of Government Contracting business owners market their goods and pricing functions, and how to complete becoming government contractors. helps small businesses get federal services to the Department of Defense city contract response formats. Coordinates with Long Island government contracts by increasing the and other government agencies at the Contact: Emmanuel Anosike, Development Corp. and the small business share of federal federal, state and local levels. Provides (212) 513-6382 G SOUTH BRONX OVERALL ECONOMIC Department of Defense Procurement procurement awards; advocating for the registration certification and bid E-mail: [email protected] DEVELOPMENT CORP. Assistance Program. breakout of items for full and open preparation assistance. Web site: www.nyc.gov/getcertified Its Procurement Technical Assistance Contact: Nick Anastasi, assistant to the competition; identifying, developing and Contact: Benjamin Hunt, director, Its Locally Based Business Enterprise Center provides counseling and technical commissioner, (631) 853-4800 marketing prime contractors; and (718) 482-5306 Program ensures participation of small assistance to help small, veteran-, E-mail: [email protected] assisting in identifying and obtaining E-mail: [email protected] construction businesses in the city’s minority- and women-owned businesses Web site: www.suffolkcountyny.gov subcontracts. Web site: www.laguardia-ptac.org procurement process by designating sell goods to the government. Provides Contact: Janette Fasano, area director, subcontracting opportunities. Firms must one-on-one assistance and sponsors G U.S. SMALL BUSINESS (617) 565-5622 G NEW JERSEY AIR SERVICES have average annual revenues of less than workshops to assist with certifications ADMINISTRATION E-mail: [email protected] DEVELOPMENT OFFICE $2 million.They must also perform 25% and registering businesses with agencies. Its Business Development Program Web site: www.sba.gov I Promotes purchasing opportunities of their work in disadvantaged areas, or at between industry buyers at Newark least 25% of their workforce must be Liberty International and Teterboro economically disadvantaged. Contact: Nyserda Consumer Information airports and businesses in Bergen, Essex, Contact: Certification Hotline, Utility Services Line, (866) NYSERDA Hudson and Union counties. Offers free (212) 513-6311 E-mail: [email protected] networking events, marketing seminars E-mail: [email protected] Web site: www.nyserda.org I and business counseling services. Web site: www.nyc.gov/getcertified premises that have been renovated may E-mail: [email protected] Contact: Helene M. Gibbs, program also be eligible for ECSP benefits. Web site: www.nyc.gov/smallbiz GROWING A BUSINESS GUIDE manager, (973) 961-4278 G QUEENS AIR SERVICES Contact: Lynn Roberts, (212) 513-6345 E-mail: [email protected] DEVELOPMENT OFFICE E-mail: [email protected] G NEW YORK STATE ENERGY RESEARCH These listings were compiled by Denise South- Web site: www.asdoonline.com Provides free assistance and services Web site: www.nyc.gov/smallbiz AND DEVELOPMENT AUTHORITY wood, Adrianne Pasquarelli and Sarah Studley. to aviation industry buyers at La Guardia Under its Lower Manhattan Energy Provides energy-related assistance to Organizations were asked to provide information G NEW YORK CITY DEPARTMENT and John F. Kennedy International Program, renovated commercial office residents, businesses and institutions in if they were listed last year or if they contacted OF SMALL BUSINESS SERVICES airports. Also offers workshops, buildings in lower Manhattan and their New York state with the goal of Crain’s requesting inclusion. Some entries were Its Bonding and Technical Assistance technical assistance and annual commercial tenants may be eligible to promoting energy efficiency and edited for length. Organizations that would like to Program helps small businesses seeking networking events. receive reductions in energy costs. economic development; also sponsors appear in the next guide should e-mail descrip- public contracts to obtain required Contact: Dolores M. Hofman, program Benefits last for eight years, followed by energy research as well as development tions that follow the guide format. Information can be e-mailed to Denise Southwood at surety bonds and working capital manager, (718) 244-6852 a four-year phaseout. programs. Current and upcoming E-mail: Contact: [email protected] or Adrianne Pasquarelli through education, reviews of [email protected] Jim Toppings, funding opportunities are listed on at [email protected]. application packages and referrals to Web site: www.asdoonline.com (212) 618-8729 Nyserda’s Web site.

Equal Opportunity Lender

We’ve got the link you’ve been missing. Introducing ADVANTAGE BANKING from Atlantic Bank.

Now you can create a Business Advantage Relationship by linking your Business or Commercial Checking to a Business Money Market Account. The combined balances make it easier to avoid monthly fees, reward you with preferred rates on your Business Money Market Account, and provide a host of value-added services.

• Avoid Checking Account Fees • No Application Fees • EARN Premium Money Market Rates • Financing Options • Cash Reserve for Business* • Telephone Banking • Free Internet Banking • Plus, much more!

For additional information call: 1.800.535.2269 • www.abny.com

Your partner for success Nineteen convenient locations • Brooklyn • Manhattan • Queens • Westchester *Subject to credit approval.

November 12, 2007 | Crain’s New York Business | 35 Project2 11/7/07 12:14 PM Page 1

Introducing .com Leverage the power and profitability of Web video!

Crain Communications, America’s lead- ing business publisher, announces the launch of WebVideoReport.com, the new online destination that will help you develop your video strategy on the Web.

WebVideoReport.com is destined to become your sole resource for creat- ing, distributing and profiting from online video. Here, you’ll be able to:

• research effective Web video business models • develop accurate budgets for the creation of online video • determine the going rates for Web video advertising • find out how to market your products and services with online video

SITE DEPARTMENTS:

Case Studies Featured Videos WebVideoReport.com provides in-depth analysis of the business Daily examples of how companies are using Web video to bolster models companies are using to generate revenue and market their business are featured here, along with background on how themselves with Web video. they were made and how they performed. How-To Articles Daisy Whitney Tests Web Video Advice from leading industry professionals on every facet of Contributing reporter Daisy Whitney evaluates the performance Web video, from choosing equipment and talent to distributing of Web video services and other companies at the intersection your clips virally to maximizing ad revenue with online video.I of media and technology. DE OWeb NEW VideoS News Digital Dealmakers The latest breaking stories from the world of Web video: Profiles of the most important executives in the Web video companies and entrepreneurs who are making news, advancing industry, and what they’re doing to make profits in an intensely technology and spurring the growth of the market. competitive marketplace.

Online now at www.webvideoreport.com LAUNCH SPONSOR CNYB 11-12-07 A 37 11/8/2007 7:09 PM Page 1

Neighborhood Journal Battle rages over St.George towers You’re working the matter is, if [HUD] allows it to Castleton Park sale happen, would it have a deleterious would take units out effect on affordable housing? Obvi- for change. ously it will.” of Mitchell-Lama; —erik engquist push for Bronx boat Is it working for you? Riverdale seeks hen brooklyn’s ferry godmother THE INSTITUTE FOR NOT-FOR-PROFIT MANAGEMENT massive Starrett 2008 OPEN PROGRAMS. City housing after watching the Yonkers ferry complex went on race by on its way to lower Manhat- the block earlier tan for months, residents of EXECUTIVE LEVEL PROGRAM, APPLY BY DECEMBER 3, 2007: thisW year, the federal government Riverdale in the Bronx have seen For senior managers, executive and regional directors, and administrators. came down on the deal like a ton of enough. LEADERSHIP DEVELOPMENT PROGRAM, APPLY BY FEBRUARY 5, 2008: bricks.The Department of Housing A small group has started an ef- and Urban Development halted the For mid-level and senior executives. sale, ensuring that the units would MIDDLE MANAGEMENT PROGRAM FOR YOUTH SERVICE ORGANIZATIONS, remain affordable to working-class APPLY BY FEBRUARY 20, 2008: Brooklynites. Staten Islanders are For mid-level managers engaged in youth development. now asking for the same deal—and so far they aren’t getting it. Go to: WWW.GSB.COLUMBIA.EDU/EXECED/INM or call 212.854.6018. At issue is the fate of Castleton Park,two 18-story towers in the up- and-coming St. George section. The owner of the 454-unit rent- regulated complex wants to sell it to a developer who would remove it THE DOCK IS TRICKY: Operator NY Water Taxi from the state’s Mitchell-Lama supports the effort to add a stop in the Bronx. program, which keeps it affordable for middle-income tenants. The owner, St. Mark’s Place As- fort to get the high-speed ferry to sociates, must first win approval stop in the borough. The Riverdale from HUD to prepay the buildings’ Ferry Coalition has already rallied $11 million agency-insured mort- support from the boat’s operator, gage. The agency appears inclined New York Water Taxi, and from lo- to give its OK, according to out- cal congressmen. raged residents and elected officials, “The commute downtown from who rallied against the proposal last here is 75 minutes,” says Ari Hoff- week. But opposition is mounting, nung, local resident and coalition and HUD is taking a second look. founder. “The ferry could stop in “The bottom line is that HUD is Riverdale and just shoot down to YOU SHOULD CONTROL YOUR FINANCING. in the business of preserving afford- lower Manhattan.” able housing like Castleton Park, All that’s missing is a dock, fed- not green-lighting its demise,” says eral and city permits, and a cool $5 IT SHOULDN’T CONTROL YOU. Sen. Charles Schumer. “I will con- million. The coalition has ap- tinue to urge HUD to reject this proached the Lower Manhattan buyout.” Development Corp., which provid- Its decision is expected this ed most of the funding for the week. Castleton Park is one of only Yonkers ferry dock. two Mitchell-Lama projects in About 3,300 Riverdale residents Staten Island. Its mortgage cannot drive into Manhattan every work- be prepaid if the area needs afford- day, according to a study from the able housing, according to a clause Campaign for New York’s Future. in the complex’s 1970s refinancing Many more take Metro-North to contract. Grand Central, then switch to the The owner is in talks to sell the subway to get downtown. complex to Laurence Gluck of Stel- “In a city surrounded by water, lar Management. Mr. Gluck prom- we really should have ferry service ises to accept rent vouchers from running all over the place,” says tenants who qualify for them, but Tony Perez Cassino, chairman of residents would prefer to keep their Community Board 8 in Riverdale. below-market rents. His daily commute to Wall Street Mr. Gluck has been here before: involves a bus and two trains. Perfect-fit financing He has purchased several apartment New York Water Taxi’s Yonkers Wachovia’s full spectrum of asset based lending options can buildings in recent years, including service,which began in May,whisks the 1,340-unit Independence Plaza an average of 120 people a day to the increase your borrowing capacity, and our range of equipment North in lower Manhattan, and re- financial district.The $10 trip takes finance choices can help you use capital more effectively. moved them from the Mitchell- 30 minutes. Another stop would In 2006 alone, we leveraged the balance-sheet strength of the Lama program. add just five minutes to the ride,says Councilman Michael McMa- President Tom Fox. “It’s getting the nation’s fourth largest financial institution and completed 541 hon, whose North Shore district in- dock that’s the tricky part,” he says. transactions, for a total of $7.3 billion in new loans and leases. cludes Castleton Park, personally The LMDC gave $3 million to donated $500 toward tenants’grass- the Yonkers dock project, and the For more information on Wachovia Capital Finance, please call 1-866-714-9633. roots effort to stop the sale. Riverdale coalition hopes to get On Wachovia Equipment Finance, please call 1-704-374-6647. “Now that St. George is on the similar support. So far, the develop- upswing, they want to steal it away ment group says it is only talking and let the buyer line his pockets,” “informally” about the idea. ©2007 Wachovia Corporation the councilman says. “The crux of —hilary potkewitz

November 12, 2007 | Crain’s New York Business | 37 nb46p38_39cls.qxp 11/8/07 4:50 PM Page 38

BUSINESS MANAGEMENT TELECOMMUNICATIONS Business Management Services PUBLIC & LEGAL NOTICES NEW YORK’S Cash Management Services ● Bill Payment MOTOTRBO SPECIALISTS Notice of Formation of EIC HOSPITALITY Notice of Formation of Caprock LLC. Arts. of Notice of Qualification of HFS REALTY NEW Tax & Financial Services ● Financing Assistance CONCEPTS LLC. Arts. of Org. filed with Secy. Org. filed with NY Dept. of State on 10/10/07. YORK 6, LLC. Authority filed with Secy. of (212) 631-9500 ● www.mayercpa.com of State of N.Y. (SSNY) on 9/17/07. Office Office location: NY County. Secy. of State State of N.Y. (SSNY) on 9/21/07. Office MOTOTRBO™ Professional Digital location: NY County. SSNY designated as designated as agent of LLC upon whom location: NY County. LLC formed in Delaware Two-Way Radio System agent of LLC upon whom process against it process against it may be served and shall (DE) on 9/12/07. SSNY designated as agent You can benefit from significant may be served. SSNY shall mail process to: mail process to: c/o Evenson Best LLC, 641 Cash Management & CFO Services productivity gains with this reliable of LLC upon whom process against it may be and affordable communication 145 E. 84th St., #2C, NY, NY 10028. Purpose: Ave. of the Americas, NY, NY 10011, principal served. SSNY shall mail process to: c/o CT solution. Enjoy the clearer voice any lawful activity. business address of the LLC. Purpose: any Corporation System, 111 8th Ave., NY, NY BUSINESS SERVICES capabilities and enhanced battery life that digital provides. lawful activity. 10011, registered agent upon whom process Notice of Formation of 135 LLC. Arts. of Org. may be served. DE address of LLC: 1209 • Integrated voice and data filed with Secy. of State of N.Y. (SSNY) on Notice of Formation Carolyn Li Group, LLC for increased productivity Orange St., Wilmington, DE 19801. Arts. of and privacy 10/20/06. Office location: NY County. SSNY art. of org. filed Secy. of State NY (SSNY) Org. filed with DE Secy. of State, 401 Federal • Supports GPS designated as agent of LLC upon whom 10/3/07. Off. loc. in NY Co. SSNY designated St., Ste. 4, Dover, DE 19901. Purpose: all and text messaging • Doubles the call capacity process against it may be served. SSNY shall as agent of LLC upon whom process may be lawful purposes. on a single channel – mail process to principal business location: served. SSNY shall mail copy of process to: for the price of one license c/o Kramer Levin Naftalis & Frankel LLP, 1177 Joshua A. Sabo, Esq., 40 Buckbee Rd, Troy, NOTICE OF FORMATION OF LIMITED LIABILITY Call us today for a professional, Avenue of the Americas, NY, NY 10036, Attn: NY 12180. Purpose: Any lawful purpose. COMPANY. NAME: 203 E. 45th MANAGEMENT no obligation survey or on-site demo. Jay A. Neveloff. Purpose: any lawful activity. LLC. Articles of Organization were filed with Notice of Qualification of Dolphin Limited the Secretary of State of New York (SSNY) on Notice of Formation of Trident Communications Partnership III, L.P. Authority filed with Secy. 08/31/07. The latest date of dissolution is 307 Fifth Avenue, New York, NY 10016 LLC. Arts. of Org. filed with Secy. State of NY of State of NY (SSNY) on 5/5/06. Office 12/31/2099. Office location: New York County. 212-532-7400 (SSNY) on 8/22/07. Office location: New York location: NY County. LP formed in Delaware www.metrocomradio.com SSNY has been designated as agent of the County. SSNY designated as agent of LLC (DE) on 1/3/06. SSNY designated as agent of LLC upon whom process against it may be The Largest Motorola Dealer in New York State upon whom process against it may be LP upon whom process against it may be served. SSNY shall mail a copy of process to served. SSNY shall mail process to: Trident served and shall mail process to: The LP, 156 the LLC, 121 West 45th Street, New York, New Communications LLC, 20 West 22 St., 12th W. 56th St., #12C, NY, NY 10019. DE address York 10036. Purpose: For any lawful purpose. Floor, NY, NY 10010. Purpose: Any Lawful of LP: DE Corporation Organizers, Inc., 1201 EXECUTIVE act. 905020 w.o. N. Market St., PO Box 1347, Wilmington, DE Notice of Formation of BNS Varick St. LLC. 19801. Name/address of genl. ptr. available Arts. of Org. filed with Secy. of State of NY INVESTMENT OPPORTUNITY NOTICE OF FORMATION of WS Tour LLC, a from SSNY. Cert. of LP filed with DE Secy. (SSNY) on 9/27/07. Office location: NY Co. RECRUITER domestic Limited Liability Company. Arts. of of State, P.O. Box 898, Dover, DE 19903. SSNY designated as agent of LLC upon whom $300k Raise/15% ROI Org. filed with the SSNY on 07/10/07. Office Purpose: any lawful activity. process against it may be served. SSNY shall POSITION AVAILABLE location: New York County. SSNY designated mail process to: c/o Paracorp Inc., 2804 for major motion picture. A-list talent Notice of App. For Auth. for foreign LLC with known distributor attached. as agent upon whom process against the LLC Gateway Oaks Dr., Ste #200, Sacramento, CA may be served. SSNY shall mail process to: named INSCAP ASSET MANAGEMENT, LLC 95833-3509. Purpose: any lawful activities. Greenlight funding in place, $25k Market Research Analyst for Corporation Service Company, 80 State Street, filed with NY Dep. of State 10/12/07; formed units avail. Commercial & private Manhattan-based real estate firm. Albany, NY 12207. Principal business location: in DE 08/01/07; NY Office, Principal Location investors/ fund raisers welcome. and address to which Sec. of State can mail NOTICE OF FORMATION OF LIMITED LIABILITY Analyze trends, comparable sales 260 W. 44th Street, #501, NY, NY 10036. COMPANY. NAME: 26 EAST SECOND STREET, Credited investors only & appraisals. Research potential Purpose: loan to touring theatrical production. copy of process: 230 Park Ave., 21FL, NY Call Liza @ 917-509-6181 City, NY County, NY State, 10169; NY Sec. LLC. Articles of Organization were filed with buyers/owners. Manage database. of State designated as agent upon whom the Secretary of State of New York (SSNY) F/T, M-F, BA in bus. admin/finance, Notice of Qualification of Richland Towers on 09/21/07. Office location: New York County. NYC Distributed, LLC. Authority filed with process against the company may be served; To place your classified RE license plus 2 years exp req'd. Office maintained in Juris. of Org. The SSNY has been designated as agent of the NY Dept. of State on 10/2/07. Office location: LLC upon whom process against it may be Fax resume to: NY County. Principal business address: 400 Corporation Trust Company, 1209 Orange St., ad call John Gallagher Realty Marketing Associates, Ltd Wilmington, DE 19801; Art. of Org. filed with served. SSNY shall mail a copy of process N. Ashley Dr., Ste. 3010, Tampa, FL 33602. to the LLC, c/o Nancy Chan, 252 Front Street, (646) 478-9640 LLC formed in Delaware (DE) on 3/10/05. DE Sec. of State 401 Federal St., Ste. 4, Dover, @ 212-210-0189 DE 19901; Purpose: any lawful activity. New York, New York 10038. Purpose: For Attention Shimon Shkury NY Secy. of State designated as agent of any lawful purpose. LLC upon whom process against it may be RELOCATION SERVICES served and shall mail process to: CorpDirect Notice of Formation of Lankenau Limited Partnership. Cert. filed with NY Dept. of State NOTICE OF FORMATION of Petrie Point Agents, Inc. (CDAI), 225 W. 34th St., Ste. Designs LLC. Arts. of Org. filed with Secy. 910, NY, NY 10122. DE address of LLC: on 6/1/2007. Office location: NY County. Secy. of State designated as agent of LP upon of State of NY (SSNY) on 9/28/07. Office CDAI, 615 S. DuPont Hwy., Dover, DE 19901. location: New York County. SSNY designated Arts. of Org. filed with DE Secy. of State, whom process against it may be served and shall mail process to: 20 W. 86 th St., Apt. as agent of LLC upon whom process against 401 Federal St., Ste. 4, Dover, DE 19901. it may be served. SSNY shall mail process Purpose: any lawful activity. 10A, NY, NY 10024. Name/address of each genl. ptr. available from Secy. of State. Term: to: 140 Sullivan Street, #6, NY, NY 10012. until 5/22/2057. Purpose: any lawful activity. Principal business location: 140 Sullivan Notice of Formation of Bridge Revitalization, Street, #6, NY, NY 10012. Purpose: Any L.P. Cert. filed with NY Dept. of State on lawful act. 9/25/2007. Office location: NY County. Secy. 44 WALKER LLC, a domestic Limited Liability of State designated as agent of LP upon Company (LLC) filed with the Sec of State of Notice of Conversion of Rainier Northwest whom process against it may be served and NY (SSNY) on 8/17/07. NY Office location: JFK Associates, a partnership, to Rainier shall mail process to the principal business NEW YORK County. SSNY is designated as Northwest – JFK L.L.C. Certificate filed with address of the LP: 248 W. 108th St., NY, NY agent upon whom process against the LLC Secy. of State of NY (SSNY) on 9/21/07. 10025, Attn: Bridge 202 Revitalization, Inc., may be served. SSNY shall mail a copy of Office location: NY County. SSNY designated registered agent upon whom process may be any process against the LLC served upon as agent of LLC upon whom process against served. Name/address of genl. ptr. available him/her to THE LLC, ATTN: MICHAEL MARVISI, it may be served. SSNY shall mail process to: from Secy. of State. Term: until 12/31/2058. 332 CANAL ST., 2ND FLR., NY, NY 10013. REAL ESTATE The LLC, c/o Rainier Northwest Development Purpose: any lawful activity. General purposes. Corporation,1411 Fourth Ave., Ste. 901, Seattle, COMMERCIAL REAL ESTATE OFFICE SPACE Notice of Qualification of Dyn Marine Services Notice of formation of Ng’s Kampiry, LLC, WA 98101. Purpose: any lawful activities. of Virginia LLC. Authority filed with NY Dept. a limited liability company. Articles of of State on 10/10/07. Office location: NY Organization filed with the Secy of the State of Notice of Qualification of GAIA USA, LLC. County. LLC formed in Virginia (VA) on New York (SSNY) on 09/14/07. Office located Authority filed with Secy. of State of N.Y. 212-947-5500 2/8/05. NY Secy. of State designated as agent in NY County. SSNY has been designated for (SSNY) on 9/27/07. Office location: NY FOR ALL OFFICE, RETAIL & LOFT SPACES of LLC upon whom process against it may be service of process. SSNY shall mail a copy of County. LLC formed in New Jersey (NJ) on New York City, Brooklyn, Queens served and shall mail process to: c/o CT any process served against the LLC to c/o 5/31/07. SSNY designated as agent of LLC 500–50,000 SF Corporation System, 111 8th Ave., NY, NY THE LLC, 159 West 25th Street – 6FL New upon whom process against it may be served. UNDER MARKET SUBLETS – NO FEE! 10011, registered agent upon whom process York, NY 10001. Purpose: any lawful purpose. SSNY shall mail process to the principal office Search our listings @ www.midcomre.com may be served. VA and principal business address/principal business location of LLC: Call Paul 212 947-5500 x 100 address: 3190 Fairview Park Dr., Ste. 700, Notice of Qualification of SoHo Core Portfolio Mr. Martin Manuel, 400 Madison Ave., NY, NY Falls Church, VA 22042. Arts. of Org. filed II, LLC, App. for Auth. filed Sec'y of State 10017, registered agent upon whom process OFFICE SPACE with VA Secy. of the Commonwealth, 1300 (SSNY) 8/14/07. Office location: NY County. may be served. Cert. of Form. filed with NJ E. Main St., Richmond, VA 23218. Purpose: LLC org. in DE 8/10/07. SSNY designated as Dept. of Revenue, 225 West State Street, Prime Murray Hill any lawful activity. agent of LLC upon whom process against it Trenton, NJ 08625. Purpose: any lawful activity. may be served. SSNY shall mail copy of (Grand Central Area) Notice of Conversion of 148 West 10th Street process to Attn: Matthew B. Siano, Esq., 379 39th & Park Elevator Professional Company, a partnership, to 148 West 10th W. Broadway, 5th Fl., NY, NY 10012. DE office Townhouse Ground Floor & Street Associates, LLC. Certificate filed with address: c/o CSC, 2711 Centerville Rd., Garden 1600 sf Secy. of State of NY (SSNY) on 9/13/07. Wilmington, DE 19808. Cert. of Form. on file: SSDE, Townsend Bldg., Dover, DE 19901. INVESTMENT OPPORTUNITY 4th floor also available Office location: NY County. SSNY designated Owner 516-569-6700 as agent of LLC upon whom process against Purpose: any lawful activities. it may be served. SSNY shall mail process to Own Championship Golf Course in the Sun principal business location: c/o The Brodsky Notice of Qualification of Urban Retail Properties 4-Star Highly Profitable Course in Central FL Advertise on Organization, LLC, 400 W. 59th St., NY, NY Co., LLC. Authority filed with NY Dept. of 10019. Purpose: any lawful activity. State on 10/15/07. Office location: NY County. • 11% Cap Rate w 50K Rounds/yr every yr www.crainsnewyork Principal business address: 900 N. Michigan • Good 1031 replacement property Notice of Conversion of 231-235 West 13th Ave., Chicago, IL 60611. LLC formed in • Convenient Location on I-95 Close to Orlando Call John Gallagher Street Associates, a partnership, to 231-235 Delaware (DE) on 8/29/07. NY Secy. of State • Gary Player design with full Golf Academy West 13th Street Associates, LLC. Certificate designated as agent of LLC upon whom $6,950,000; Call Bill Sawyer 203-625-0900 @ 212-210-0189 filed with Secy. of State of NY (SSNY) on process against it may be served and shall 9/25/07. Office location: NY County. SSNY mail process to: c/o CT Corporation System, designated as agent of LLC upon whom 111 8th Ave., NY, NY 10011, registered agent process against it may be served. SSNY upon whom process may be served. DE shall mail process to principal business address of LLC: 1209 Orange St., Wilmington, www.crainsnewyork.com location: c/o The Brodsky Organization, LLC, DE 19801. Arts. of Org. filed with DE Secy. of 400 W. 59th St., NY, NY 10019. Purpose: State, 401 Federal St., Dover, DE 19901. any lawful activity. Purpose: any lawful activity.

38 | Crain’s New York Business | November 12, 2007 nb46p38_39cls.qxp 11/8/07 12:31 PM Page 39

PUBLIC & LEGAL NOTICES

212 EAST 85TH STREET, LLC. Articles of Org. Notice of Formation of a Limited Liability filed NY Sec. of State (SSNY) 09/21/07. Office Partnership known as Brosius Trask LLP; in New York Co. SSNY desig. agent of LLC Articles of Incorporation filed with the upon whom process may be served. SSNY Secretary of State of New York on 6/13/07; Coming Up shall mail copy of process to JAS Management Office location: New York County; SSNY has Co., Inc., 216 E. 85th St., Ste. 1A, NY, NY been designated as agent of the LLP upon on the Calendar 10028. Purpose: Any lawful purpose. whom process against it may be served. SSNY shall may a copy of process to Brosius Notice of Qualification of Hawkes AP, LLC. Trask LLP, 420 Lexington Avenue, Suite 2800, Authority filed with NY Dept. of State on New York 11021-2808; Purpose: Law Firm. 10/9/07. Office location: NY County. LLC November 19th formed in California (CA) on 9/12/01. NY Notice of Formation of TODA NEW YORK Secy. of State designated as agent of LLC LLC, a domestic Limited Liability Company. Technology upon whom process against it may be served Arts. of Org. filed with the SSNY on 09/21/07. and shall mail process to: 11726 San Vicente Office location: New York County. SSNY has Blvd., Ste. 300, Los Angeles, CA 90049, Attn: been designated as agent upon whom process Llewellyn Werner. CA and principal business against the LLC may be served. SSNY shall address: 11150 Santa Monica Blvd., Ste. 400, mail a copy of process to: The LLC, 250 West November 26th Los Angeles, CA 90025, Attn:Marc S. Primiani. Broadway 6th Floor, New York, NY 10013. Privately Owned Arts. of Org. filed with CA Secy. of State, 1500 Notice of Qualification of 100 W 92 Holdings, Purpose: Any Lawful Purpose. 11th St., Sacramento, CA 95814. Purpose: LLC. Authority filed with Secy. of State of N.Y. Companies any lawful activity. (SSNY) on 10/15/07. Office location: NY County. Name of LLC: Bismarck Furnishings & LLC formed in Delaware (DE) on 3/14/07. Decorative Objects, LLC. Arts. of Org. filed Notice is hereby given that a license (#TBA) SSNY designated as agent of LLC upon whom NY Dept. of State 9/27/07. County off. loc.: for Beer & Wine has been applied for by process against it may be served. SSNY shall New York Cty. Principal bus. loc.: 270 Cafe Bohm Inc, at retail, in a Restaurant, mail process to principal business location: Lafayette Street, NY, NY 10012. Sec. of State December 3rd under the ABC Law, at 45 W. 8 St. NY, NY c/o Claremont Parking LLC, 70 E. 55th St., 7th designated as agent of LLC upon whom Real Estate 10011 for on-premises consumption. Fl., NY, NY 10022. DE address of LLC: 2711 process against it may be served. Sec. of Centerville Road, Ste. 400, Wilmington, DE State shall mail a copy of process to 270 19808. Arts. of Org. filed with DE Secy. of Lafayette Street, Ste. 1302, NY, NY 10012. State, 401 Federal St., Ste. 4, Dover, DE 19901. Purpose: any lawful activity. Purpose: any lawful activity. December 10th Notice of Qualification of Blue Source, LLC. Notice of Formation of Nastasi Maintenance & Small Business Authority filed with NY Dept. of State on Construction LLC. Arts. of Org. filed with Secy. 10/15/07. Office location: NY County. LLC of State of NY (SSNY) on 2/10/05. Office formed in Utah (UT) on 5/7/01. NY Secy. of location: NY County. SSNY designated as State designated as agent of LLC upon whom agent of LLC upon whom process against process against it may be served and shall it may be served and shall mail process to: December 17th mail process to: c/o CT Corporation System, Albin & Richman, 600 Old Country Rd., Garden 111 8th Ave., NY, NY 10011, registered agent City, NY 11530. Purpose: any lawful activity. Corporate Philanthropy upon whom process may be served. UT and principal business address: 3165 E. Millrock Notice of Formation of Datafloat, LLC, Art. of Dr., Ste. 340, Holladay, UT 84121. Arts. of Org. filed Sec'y of State (SSNY) 9/17/04. Org. filed with UT Secy. of State, 160 E. 300 Office location: NY County. SSNY designated South, Salt Lake City, UT 84111. Purpose: as agent of LLC upon whom process against December 24th any lawful activity. it may be served. SSNY shall mail copy of process to Ben Clarke, 26 Broadway, Ste. 745, Business News Name of LLC: BOLOGNA68 LLC. Articles of NY, NY 10006, the Reg. Agt. upon whom proc. Org. filed NY Dept. of State 7/12/07. Office may be served. Purpose: any lawful activities. location in NY: New York County. Secy. of State of NY (SSNY) designated as agent of Notice of Formation of Stelle By Gilber LLC upon whom process against it may be Gilmore, LLC. Arts. of Org. filed with Secy. To place your classified served. SSNY shall mail a copy of process of State of NY (SSNY) on 9/11/07. Office to c/o Bologna68 LLC, 154 Attorney Street, location: NY Co. SSNY designated as agent ad call John Gallagher Suite 201, New York, NY 10002. Purpose: of LLC upon whom process against it may any lawful activity. be served. SSNY shall mail process to: The @ 212-210-0189 LLC, 307 West 38th St., Ste 804, Ny, NY Notice of Qualification of MidOcean III Private 10018. Purpose: any lawful activities. Investors, LLC. Authority filed with Secy. of State of N.Y. (SSNY) on 10/15/07. Office CHAUFFEURED TRANSPORTATION location: NY County. LLC formed in Delaware (DE) on 9/26/07. SSNY designated as agent of LLC upon whom process against it may be DESTINATION? served. SSNY shall mail process to: c/o Corporation Service Company (CSC), 80 State St., Albany, NY 12207. DE address of Anytime. Anywhere. LLC: c/o CSC, 2711 Centerville Road, Ste. 400, Wilmington, DE 19808. Arts. of Org. Business Meetings and Events, filed with DE Secy. of State, Townsend Bldg., Dover, DE 19901. Purpose: any lawful activity. Road Shows, and 18-hour days; we know where you’re coming from Notice of Qualification of WMT Investors LLC. Notice of Qualification of 15 Cliff L.L.C. and we know how to get you there. Authority filed with Secy. of State of N.Y. Application for Authority filed with Secy. (SSNY) on 9/21/07. Office location: NY of State of N.Y. (SSNY) on 4/30/02. Office Anytime. Anywhere. County. LLC formed in Delaware (DE) on location: NY County. Principal business location: 9/12/07. SSNY designated as agent of LLC 290 Park Avenue South, 14th Fl., NY, NY upon whom process against it may be served. 10010. LLC formed in Delaware (DE) on Commonwealth Worldwide provides SSNY shall mail process to principal business 4/29/02. SSNY designated as agent of LLC premium chauffeured transportation location: One Penn Plaza, Ste. 2805, NY, NY upon whom process against it may be served. services for discriminating corporate 10119. DE address of LLC: 2711 Centerville SSNY shall mail process to: 290 Park Avenue Road, Ste. 400, Wilmington, DE 19808. South, NY, NY 10010, Attn: General Counsel. clients including senior executives, Arts. of Org. filed with DE Secy. of State, DE address of LLC: c/o CSC, 2711 Centerville and private aviation passengers. P.O. Box 898, Dover, DE 19903. Purpose: Road, Ste. 400, Wilmington, DE 19808. any lawful activity. Certificate of Formation filed with DE Secy. of State, Loockerman & Federal St., Dover, DE Celebrating Our 25th Year Notice of Formation of HUSA Go Grid Holding, 19901. Purpose: any lawful activity. 1982-2007 LLC. Arts. of Org. filed with NY Dept. of State on 10/3/07. Office location: NY County. Secy. Notice of Formation of The 157 East 72nd of State designated as agent of LLC upon Street L.L.C. Arts. of Org. filed with NY whom process against it may be served and Dept. of State on 9/20/07. Office location: shall mail process to the principal business NY County. Secy. of State designated as address of the LLC: c/o Gotham Organization, agent of LLC upon whom process against it Inc., 1010 Ave. of the Americas, 4th Fl., NY, may be served and shall mail process to: 201 NY 10018, Attn: David Pickett. Purpose: any E. 79th St., Apt. 20E, NY, NY 10075, principal lawful activity. business address of the LLC. Purpose: any lawful activity. Advertise on Notice of Formation of Trummer Bar Holdings LLC. Arts. Of Org. filed with Sec’y. of State Notice of Formation of Triad Boys II, LLC. Arts. of NY (SSNY) on 10/16/07. Office location: of Org. filed with Secy. of State of N.Y. (SSNY) www.crainsnewyork New York Country. SSNY designated as agent on 9/17/07. Office location: NY County. SSNY of LLC upon whom process against it may designated as agent of LLC upon whom Call John Gallagher be served. SSNY shall mail process to c/o process against it may be served. SSNY shall The World’s #1 Chauffeured Transportation Company Trummer Bar Holdings LLC, 172 Delancey mail process to principal business location: Street, #5D, NY, NY 10002. Princ. Bus. loc: c/o United American Land, LLC, 430 West @ 212-210-0189 172 Delancey Street, #5D, NY, NY 10002. Broadway, NY, NY 10012. Purpose: any Purpose: Any lawful act. lawful activity. 866.770.1677 or 718.706.5500 • commonwealthlimo.com

November 12, 2007 | Crain’s New York Business | 39 CNYB 11-12-07 A 40 11/8/2007 4:34 PM Page 1

REAL ESTATE DEALS Transit agency’s next stop: downtown Brooklyn office

the company looked only on the Up- dio when you visit,” Mr. Staw says, Rolls in to converted per East Side. adding that visitors will be able to warehouse; Surefoot “They wanted to stay in the keep the Little Miss Matched socks neighborhood because that’s where that they try on in the studio. walks up Third many of their customers are,” says Mr. Staw signed a six-year lease Avenue to new shop Jay Gilbert, the Newmark Knight for the 3,000-square-foot show- Frank Retail broker who negotiated room, which is located between he office building on behalf of Surefoot. Ariel Schus- West 27th and West 28th streets. that has emerged from ter of Robert K. Futterman & Asso- This will be the first time that the the redevelopment of a ciates represented building owner entire Little Miss Matched collec- former Macy’s ware- Broad Street Development. tion will be displayed. house at a cost of more The asking rent was $150 per Peter Liptrot, a broker with Tthan $10 million has lured another square foot for the 1,400-square- Bernstein Real Estate, represented tenant. foot ground floor. The space also building owner Comet Realty, and The Metropolitan Transporta- comes with a 300-square-foot base- Mr. Staw negotiated on his own be- tion Authority’s New York City ment for storage. half. The average asking rent in the Transit signed a 16-year lease for —elisabeth butler cordova 23-story building is $125 per square roughly 32,000 square feet at 177 Liv- foot. ingston St., located between Gallatin —elisabeth butler cordova Place and Smith Street in down- New showroom town Brooklyn.The lease covers the for kids’ socks entire third and fourth floors and Architecture firm part of the ground floor. The space when children’s accessories mak- designs move will house the transit agency’s Tran- er Little Miss Matched opens its sit Adjudication Bureau and Em- first New York City showroom at milo kleinberg Design Associates ployee Assistance Program. 307 Seventh Ave. later this month,vis- inked a 10-year lease for 16,500 The cost is around $25 a square itors will have to square feet at 902 Broadway,be- foot, according to the MTA. An change their tween East 20th and East 21st MTA spokesman says the location socks before en- streets. The interior architec- was chosen because of its proximity tering. Owner ture firm will move onto the to public transportation and other Jonah Staw plans entire 17th floor of the build- agency offices on Livingston Street. to post a sign at ing, where asking rents are $42 The departments, currently housed the entrance a square foot, sometime in the at 236 Duffield St., are slated to reading, “Warn- second quarter of 2008. Milo move in the first half of next year. ing! Only Little Kleinberg, also known as The building is 75% leased, and Miss Matched MKDA, is currently located at tenants, which include HeartShare Socks allowed 11 E. 26th St., between Fifth Human Services of New York and past this point.” and Madison avenues. Legal Services for New York, began The quirky The building’s light and moving in last fall. policy should views were attractive selling The Treeline Cos., which owns come as no sur- points for MKDA, according the building, represented both sides prise,considering to its broker, Marty Meyer of Broadway Partners is pleased in the transaction. The company that Mr.Staw has GVA Williams. He says the owns nearly 2 million square feet of built his business firm is saving money over the to announce the appointment of 307 Seventh Ave. office space in Brooklyn and Long on selling color- cost of renewing its lease on Cushman & Wakefield Island, according to Treeline Senior ful pairs of mis- East 26th Street. as exclusive leasing agent. Vice President Kraig Silver. matched socks and clothes to girls Perry Mesmer, also a broker at —theresa agovino across the country. Toy store FAO GVA Williams, represented the Schwarz and children’s boutiques landlord, 902 Associates, a real es- Select units available ranging from: carry the line. tate partnership. Ski boot maker “You’re becoming part of our stu- —theresa agovino 4,394 sf to full floors of 18,465 sf glides on East Side just in time for the snow season, ski boot maker Surefoot is moving REAL ESTATE AND MORE ON CRAIN’S WEB SITE to a bigger footprint on the Upper For more information contact: East Side. alerts that provide news about a The Park City,Utah-based com- particular real estate brokerage or pany recently signed a 10-year lease firm. for a 1,700-square-foot space at Resources Get easy links to Frank Cento 1438 Third Ave., between East 81st government agencies and industry (212) 709-0745 and East 82nd streets. At twice the groups involved in New York real [email protected] size of its current shop at 1190 Third Tuesday e-mail Sign up today for estate. Ave., the new location will provide Crain’s Real Estate Insider, a Back issues Mitchell Konsker more studio space, where Surefoot weekly e-mail newsletter featuring (212) 841-7626 will make its own ski and hiking Use the the latest deals, events and archives to [email protected] boots, as well as orthotic inserts for personnel moves in one of the all types of athletic shoes. The store find Crain’s hottest industries. To register, go to stories in any Jonathan Fein claims to work with many high-pro- www.crainsnewyork.com/ previous (212) 709-0706 file clients, including cyclist Lance signup. [email protected] Armstrong. edition of the “We really had outgrown our old Breaking news E-mail alerts keep paper. Matthew Astrachan space,”says Bob Shay,co-founder of you up-to-date on developments in Subscribe (212) 841-7904 Surefoot. “Our business is boom- the local real estate business as Use the “Subscribe now” button [email protected] ing.” A pair of Surefoot ski boots they happen. to get the weekly print edition of costs between $500 and $1,000, and Company alerts Visitors to Crain’s Crain’s and digital subscriptions to the higher-end boots come with Web site can sign up for e-mail the newspaper. built-in heaters. When searching for a new home, CNYB 11-12-07 A 41 11/8/2007 6:50 PM Page 1

THE WEEKS AHEAD

THIS WEEK’S EVENTS communications for specialty retailing. W. 44th St. Fee: $175 members, $275 importing and exporting. 9 a.m. to 4 NOVEMBER 19-25 NOVEMBER 13 12 p.m. to 2 p.m., Williams Club, 24 E. nonmembers. (212) 382-6663. p.m., American Management NOVEMBER 19 Camba’s Small Business Services holds 39th St. Fee: $50 members, $75 NOVEMBER 15 Association, 1601 Broadway. Fee: $40. Women in Housing and Finance Inc. workshop on choosing a home-based nonmembers. (201) 692-8087 or Starbucks and ParentJobNet hold (212) 264-4507 or [email protected]. holds session on the greening of existing business. 10 a.m. to 4 p.m., 884 Flatbush retailmarketingsoci@retailmarketingsociety. networking reception. 6 p.m. to 8 p.m., NOVEMBER 15 properties. 6 p.m. to 8 p.m., Troutman Ave., Brooklyn. Free. Registration is org. 540 Columbus Ave. Free. New York Society of Security Analysts Sanders, the Chrysler Building, 405 required. (718) 282-2500, ext. 242. NOVEMBER 14 (917) 546-9104. holds forum on active investing. 6 p.m. Lexington Ave. Fee: $20 members, $30 NOVEMBER 13 Pace University’s Small Business NOVEMBER 15 to 8:30 p.m., 1177 Sixth Ave. Fee: $75 nonmembers, $15 students. Registration Business Network International holds Development Center holds workshop Institute of Management Accountants, members, $115 nonmembers. required by Nov. 16. (212) 439-1056 or networking breakfast. 7 a.m. to 8:30 on business planning. 5:30 p.m. to 7:30 New York City chapter, holds seminar (646) 871-3405. [email protected]. a.m., Opia Restaurant, 130 E. 57th St., p.m., 163 William St., 15th floor. Free. on tax strategies for individuals and NOVEMBER 15 second floor. Fee: $5. (212) 249-3537 or (212) 618-6655 or [email protected]. corporations. 5:30 p.m. to 8:30 p.m., SalemGlobal Internet Website NOVEMBER 26-DECEMBER 2 [email protected]. NOVEMBER 14 Robert Half International, 33 Whitehall Marketing holds networking breakfast. 8 NOVEMBER 28 NOVEMBER 13 Tracey Picon Communications holds St., 11th floor. Fee: $40 members, $45 a.m. to 10 a.m., UBS Conference Crain’s New York Business and the five Baruch College’s School of Public seminar on how to market and grow a nonmembers, $25 students. Center, 1285 Sixth Ave. Fee: $10 borough chambers of commerce hold Affairs, Center for Nonprofit Strategy business. 6 p.m. to 8 p.m., Queens (347) 643-6185 or [email protected]. (646) 217-4184 or lunch with Donny Deutsch as featured and Management holds seminar on College, 65-30 Kissena Blvd., Flushing. NOVEMBER 15 [email protected]. speaker at New York Xpo for Business. human resources in nonprofits. 4 p.m. to Fee: $55. (718) 740-8572 or Business Network International, Wall NOVEMBER 16 11:45 a.m. to 1:30 p.m., Jacob K. Javits 6 p.m., 135 E. 22nd St., room 301. Free. [email protected]. Street chapter 15, holds networking Trimtab Management Systems holds Convention Center, 655 W. 34th St. (646) 660-6743 or NOVEMBER 14 breakfast. 7 a.m. to 8:30 a.m., George & workshop on the future of corporate Fee: $75. (212) 210-0739 or [email protected]. Citigroup Inc. and Japan Society hold Sons, 89 Greenwich St., second floor. social responsibility. 9 a.m. to 5 p.m., www.crainsnewyork.com/events. NOVEMBER 13 lunch program with the chairman of Fee: $19. (212) 661-4590 or Penn Club, 30 W. 44th St., Spruce —adrianne pasquarelli Women’s Wellness Society, New York Toyota on local interaction for global [email protected]. Room. Fee: $195 members of City chapter, holds meeting on success. 12 p.m. to 2 p.m., 333 E. 47th St. NOVEMBER 15 corporations, $125 educators or More meetings online at energizing your business. 6:30 p.m. to 9 Fee: $45 members for lunch and lecture, Manhattan Chamber of Commerce members of nonprofits, $75 students. www.crainsnewyork.com p.m., Sarabeth’s CPS Restaurant, 40 $10 lecture only; $65 nonmembers for holds networking reception. 5:30 p.m. to (646) 221-1933 or Click on “Events” Central Park South. Fee: $35 members, lunch and lecture, $15 lecture only. 8 p.m., Club 101, 101 Park Ave. Fee: [email protected]. $45 nonmembers. (718) 230-1469 or (212) 715-1247 or $25 members, $35 nonmembers in [email protected]. [email protected]. advance; additional $5 for all at door. NOVEMBER 13 NOVEMBER 14 (212) 473-7805 or Networking for Professionals holds Small Business Development Center at [email protected]. reception. 6 p.m. to 8 p.m., Barna, 365 Lehman College holds workshop on NOVEMBER 15 Park Ave. South. Fee: $10 members and financial management for your small Discovery Communications and the $15 nonmembers in advance; $20 for all business. 11 a.m. to 2 p.m., 250 Bedford Advertising Club hold seminar on the at door, cash only. (212) 227-6556 or Park Blvd. West, library, room B27C, broadcast and cable marketplace. 8 a.m. [email protected]. Bronx. Free. (718) 960-8697 or to 10 a.m., Metropolitan Club, 1 E. 60th NOVEMBER 13 [email protected]. St. Fee: $55 members, $85 nonmembers, Banco Popular holds networking NOVEMBER 15 $35 young professional members. reception. 6 p.m. to 8 p.m., 441 Second City Bar Center for Continuing Legal (212) 533-8080, ext. 210, or Ave. Free. (212) 679-1201 or Education holds program on [email protected]. [email protected]. investigative research strategies for the NOVEMBER 15 NOVEMBER 13 legal professional. 1 p.m. to 4 p.m., 42 Score New York City holds seminar on The Advertising Club holds seminar on opportunities and challenges for cable networks. 6:30 p.m. to 8 p.m., 235 Park Ave. South. Fee: $10 members, $20 nonmembers. (212) 533-8080, ext. 210, or [email protected]. NOVEMBER 13 New York University’s Wagner Rudin Center for Transportation Policy and Management holds conference on New Terrorism York and transportation in the greater Northeast region. 8:30 a.m. to 1 p.m., 60 Washington Square South, Rosenthal Pavilion, 10th floor. Fee: $50. (212) 998-7545 or [email protected]. NOVEMBER 14 Crain’s New York Business holds lunch Annihilated. with New York’s most influential VIP Clients women. 12 p.m. to 2 p.m., Cipriani 42nd St., 110 E. 42nd St. Fee: $150. (212) 210-0739 or www.crainsnewyork.com/events. VIP Events WHAT’S YOUR VISION FOR THE FUTURE? NOVEMBER 14 New York Business Schools Club holds networking reception. 6:30 p.m. to 10:30 VIP Venues p.m., Strata, 915 Broadway. Fee: $50. (585) 615-8735 or [email protected]. NOVEMBER 14 Set your vision in motion today at International Federation of Business and Audio • Video • Lighting Tel Aviv University, Israel’s leading Professional Women of New York, institution of higher learning. Manhattan chapter, holds networking reception and program on the professional development of women. Give a gifted grad student a scholarship. 5:30 p.m. to 7 p.m., Commerce Bank, Endow a faculty chair. 317 Madison Ave., second floor. Fee: Underwrite leading-edge research. free for members, $5 nonmembers. Enhance the state of the State of Israel. (212) 299-5749 or [email protected]. NOVEMBER 14 Retail Marketing Society holds lunch Your vision can have a powerful impact on our future. program on global trends in 1.800.862.3210 Explore the possibilities. Let us help. www.kvlav.com Call Roni Krinsky at 212.742.9070, ext. 77 TO LIST YOUR EVENT or [email protected] Crain’s lists business meetings online and includes them in the print edition on a space-available basis. We rent peace of mind. Events in New York City with admission fees of less than $300 are considered for the print publication. Nationwide rental, staging, sales and installation of Listings can be submitted only through the Crain’s state-of-the-art audio visual equipment at Web site. To submit a calendar listing, go to www.crainsnewyork.com and click on “Events.” the most competitive rates. Sponsors have a choice of several free or paid list- ing options. All business events will be posted online within two business days. Depend on KVL like CRAIN’S E X P A N D I N G T H E F U T U R E www.aftau.org Crain’s can neither confirm receipt of listings nor say if or when event listings will appear in the print edition.

November 12, 2007 | Crain’s New York Business | 41 Project1 11/8/07 11:35 AM Page 1

LUNCH WITH DONNY DEUTSCH

Presented by

HOSTED BY CRAIN’S NEW YORK BUSINESS AND THE FIVE BOROUGH CHAMBERS OF COMMERCE AT THE 2007 NEW YORK XPO FOR BUSINESS

Join Crain’s New York Business and the five NYC major Chambers of Commerce for a special networking luncheon, featuring keynote speaker Donny Deutsch, entrepreneur, author and the host of CNBC’s hit show “The Big Idea with Donny Deutsch.” As Chairman of Deutsch Inc., he implemented his “leaner, meaner, faster, smarter” philosophy to transform a small advertising shop into one of the nation’s top 10 agencies. As host of CNBC’s “The Big Idea”, each weeknight Mr. Deutsch introduces you to the men and women who have made BILLIONS with their Big Idea – your own personal road- map to the American Dream. Come learn how you can transform your small business through the learning and lessons from this leading entrepreneurial ambassador.

Time: 11:45-1:30 pm Place: Jacob K. Javits Center Tickets: $75 To register for the lunch go to Crainsnewyork.com and click on events

This famous “New York” sized business-to-business Wednesday, November 28 event is returning for its 2nd year with even more Jacob K. Javits Center booths, education and networking opportunities. For more information about the show and to find out Learn and network with 15,000 business people about the full day’s events go to at New York’s largest business to business showcase. www.eventmanagement.org

LUNCH HOSTED BY CNYB 11-12-07 A 43 11/8/2007 6:55 PM Page 1

BUSINESS LIVING LARGE Power hitter finds Upper West Side sports haven PAGE 46 buck ennis

GOTHAM GIGS Team health WENDY MEYER STERLING, 30, spends a lot of time on the phone with football players, convincing them to eat their vegetables. Since last year, she has worked as the team nutritionist for the New York Jets. GAME PLAN Ms. Sterling charts out meal plans and organizes specialized menus for each player in one-on-one sessions. She stresses whole grain carbohydrates, lean proteins, fruits and vegetables. Timing meals before and after games is also very important. “It’s very rewarding to watch these guys follow out a plan because they are so meticulous and hardworking,” she says. ON CALL Players can be picky eaters, so Ms. Sterling is used to dealing with culinary preferences and adjusts meals accordingly, while maintaining nutritional goals. Though she doesn’t travel with the team, she does receive a lot of calls from players wondering about what they should eat for dinner. She’s even spoken to some players’ wives. GO GREEN Before this gig, Ms. Sterling was a very modest football fan. “Now, I’m an expert!” she says. “I only root for the Jets.” —adrianne pasquarelli

GIG UPDATE

MARATHON MAN chris gash karl dusen, featured in the Oct. 29 “Gotham Gigs,” finished 87th in the trials for the men’s 2008 U.S. Olympic team, with a time of 2:29:31. After suffer- Facebook, not face time ing a torn calf muscle in Boomers struggle with social networking, have privacy issues June, Mr. Dusen gave BY MATTHEW FLAMM THE STATS the race his best shot but Unique visitors % change from wo months ago, when Jeffrey McFarland was posted to Beijing from Sept. ’07 Sept. ’06 did not win one of the three New York, the 53-year-old epidemiologist took what until recently was an coveted spots.“I realized early on it was going to be a tough unusual step for a grownup. He joined Facebook, the social networking 18.1M +133% Web site that just a year ago was open only to high school and college one,” he says,“but I fought FACEBOOK through and did the best I students. could.” He will now focus on Dr. McFarland hoped to use Facebook to find fellow Columbia alumni + qualifying for the 5K and 10K in Beijing.The site can comb Web-based e-mail address or school e-mail 58.6M 24% Olympic trials, taking place MYSPACE.COM next summer in Eugene, Ore. address books, enabling users to contact other Facebook members and to —adrianne pasquarelli create networks of “friends.” See FACEBOOK on Page 44 Source: Nielsen Online T November 12, 2007 | Crain’s New York Business | 43 CNYB 11-12-07 A 44 11/8/2007 6:57 PM Page 1

BUSINESS LIVES Facebook grows up Continued from Page 43 But Dr. McFarland didn’t get far before he was stumped by the Wall: the place on a user’s home page where friends post messages other members of the network can see. “I’m writing to you—and your 730 friends?” he says, exaggerating just a little. “I don’t quite get it.” Dr. McFarland is hardly alone in experiencing a rough start with on- FACEBOOK line networking. For many older PROHIBITIONS newcomers, Facebook is an alien DON’T WORRY about how many place rife with odd customs, an al- “friends” you have; this is not ternate universe where lack of priva- high school. cy is considered a good thing. DON’T BE SHY—put a photo on Discretion advised your profile page. nevertheless, drawn by the DON’T BE STUPID—post only the chance to expand their circle, information you’re comfortable boomers and Generation X-ers are giving. signing on in droves and helping to make users over 25 Facebook’s DON’T BE RUDE—if you’re taking fastest-growing demographic. The part in online social networking, most enthusiastic among them are you should respond to messages. personalizing their pages and “friending” their contacts’ contacts in fast-spiraling networks. aged fans of online networking say But some of the newbies are also that it takes getting used to. learning how different they are from “It [involves] a major transfor- the generation that grew up online. mation of our interpersonal aware- “I have a sense of privacy they don’t ness,”says media-business informa- have—a sense of privacy and a sense tion guru Jack Myers, whose of wariness,” says Dr. McFarland, Facebook profile lists more than who now mainly uses Facebook to 1,200 friends, including this re- keep in touch with his teenage chil- porter. dren in New York. Mr. Myers uses Facebook to Of course, most adults aren’t go- keep in touch with friends and asso- ing to brag on their Facebook page ciates. Like many New Yorkers, he about playing beer pong or hooking doesn’t separate the two.“I got more up. But even lists of favorite books birthday greetings from Facebook and television shows or the routine than I’ve gotten probably since I was “updates” people write in the third a kid,” he says of the reaction to the THIS IS OUR MARKET... person in template form—for ex- 60th birthday announcement he ample, so-and-so “is going to the posted last month. “There’s a com- movies”—strike some as too much munity there.” pointless information. They say it doesn’t matter that A business tool such announcements are seen only the fact that there’s business to by friends. They feel that Facebook conduct and people who are useful and other sites, including No. 1 so- to meet is encouraging many New cial network MySpace, devalue in- Yorkers to adapt to Facebook. timacy and provide a pale imitation Author and teacher Susan of face-to-face contact. Shapiro recently joined to promote “Part of the fun of having a con- her latest book, Only as Good as Your versation is revealing your tastes in a Word, to a younger audience. She way that’s personal,” says Meredith, soon found herself “friended” by a 37, a Manhattan lawyer whose firm range of famous names, including asked that she not reveal her last The Washington Post media critic name. She keeps a Facebook page Howard Kurtz and actor and writer because her friends and domestic Eric Bogosian. partner use the site, but she’s puz- “It’s like this surreal party,” says zled by the appeal. Ms. Shapiro, a 46-year-old techno- “Why would I want to tell every- phobe who enlisted a student to one I’m going to the movies?” she help her with the site.“You have the asks. illusion you’re friends with these Experts predict that social net- people, though you wonder if they’d Admit One, the trusted source for the acquisition and sale of live event tickets for over 20 years… working sites will play an increas- say hello at a real party.” On the Buy side and Sell side — we offer our clients true market value, secure transactions and dependable service. ingly bigger role in how people Its strangeness isn’t the only make friends, find mates and get thing that keeps older people from Let Admit One connect you and your clients to the events that matter. jobs. Losing a measure of privacy online networking. Maintaining a will be part of the bargain. presence on the site requires con- “It’s a trust issue,” says Susan stant care and feeding. (646) 307-4239 Barnes, a communications profes- “There’s huge power in being www.admitone.com sor at the Rochester Institute of able to aggregate people, but it’s al- email: [email protected] Technology. “If people know stuff most a full-time job,” says Kenneth 1412 Broadway, New York, NY about you and know you’re credible, Fisher, 54, a partner in law firm that will be of value in an economy Wolf Block and a self-described SPORTS •THEATER •CONCERTS based on relationships.” early adopter, who has a Facebook Boomers and Gen X-ers aren’t page but rarely looks at it. “I have On the Bloomberg Terminal: Type TIXX or email [email protected] about to get left out. Facebook says enough trouble keeping up with my it has 51 million active users and is friends as it is.” clocking 200,000 registrations a day.But even the most avid middle- COMMENTS? [email protected]

44 | Crain’s New York Business | November 12, 2007 CNYB 11-12-07 A 45 11/8/2007 7:54 PM Page 1

BUSINESS LIVES CORPORATE LADDER Maggie Boepple One-person art lobby LMCC president’s ed by David Rockefeller in 1973. Snagging Ms. Boepple was quite a PERSONNEL FILE government relations coup for the council, which gives resident artists free studio space, ORGANIZATION Lower background will help presents visual and performing arts Manhattan Cultural Council events, and makes grants to other TITLE President budget, program aims arts groups. She succeeded Tom Healy, who resigned in June after AGE 61 BY MIRIAM KREININ SOUCCAR three years at the helm. RÉSUMÉ Adviser to the London transportation commissioner; n her last job, Maggie Perfect picture president, eponymous lobbying Boepple spent three years “if the position description for firm; chief lobbyist for the city, leading a team of more than the LMCC president could be de- Koch administration 300 people to help London’s picted as a photograph, it would transportation commissioner look just like Maggie Boepple,” says PERSONALITY TYPE Competitive Itransfer management of the subway Cherrie Nanninga, chair of the FAVORITE RESTAURANT Beacon, system from the country’s central LMCC board.“We are truly thrilled on West 56th Street; has great government to the mayor’s office. to have found a president of Mag- food and one of her husband’s For the previous 14 years,she had gie’s caliber and experience.” sculptures run the fourth-largest lobbying firm Ms. Boepple, a longtime admir- in Albany, serving clients ranging er of the council and an arts patron, from the Brooklyn Academy of lives in lower Manhattan with her plans. She aims to double the Music to Bear Stearns. Before that, husband, Willard, a sculptor. “Peo- group’s $3 million budget in the the British native was New York ple keep saying they’re lucky to have next three years and to add a host of City’s chief lobbyist in Albany dur- me, but I’m lucky to be here,” she initiatives to help revitalize the

ing the administration of Ed says. “The team here is what drew area. buck ennis Koch—the first woman appointed me; they are wonderful and very One of LMCC’s pilot programs to that position. motivated.” is already under way. To help make Ms. Boepple will rely on her cu- stage of her life and career, politics “She’s one of the most outstand- The council, whose former downtown neighborhoods more rators to develop new projects. will never be far from her mind. ing public servants I’ve ever had the headquarters were in the World attractive and livable while they are “Since I can remember, I have privilege of working with,” the for- Trade Center, has recovered from under construction, the council Providing wherewithal loved politics,” Ms. Boepple says. “I mer mayor says. Sept. 11. It has relocated to Maiden contracted with architects and “it’s my job to make sure they have read three or four newspapers a day As of two weeks ago, Ms. Boep- Lane and finished the task of dis- artists to create various works on the wherewithal to do what they and am a news and book junkie.I got ple has a new challenge: running the tributing $5 million from The Sep- building scaffolding and plastic cov- want,”she says.“It’s like being a lob- lost on the subway today because I Lower Manhattan Cultural Coun- tember 11 Fund to downtown artists erings, and to paint the ubiquitous byist for the LMCC.” had my nose in a book.” cil, the small but well-regarded and groups affected by the attacks. concrete barriers around sites in an- Though the grandmother of two downtown arts organization found- Ms. Boepple has ambitious imal-print patterns. has chosen to focus on the arts at this COMMENTS? [email protected]

EXECUTIVE MOVES

ACCOUNTING & CONSULTING manager, a new position. He had been to president of the entertainment Buck Consultants: Christopher K. Young, director of national sales at Weichert group from publisher for the People HOT JOBS 52, joined as principal. He had been a Corporate Housing. group. managing director at Executive Wealth Turner Broadcasting System Inc.: Stacey Management. LAW Lynn Schulman, 38, was appointed senior WANTED: CHIEF OPERATING OFFICER Huron Consulting Group: Kathleen Allen & Overy: David C. Esseks, 42, joined vice president, advertising sales research. Gallagher, 52, joined as managing as partner. He had been assistant U.S. She was formerly president of the COMPANY Time Warner Inc. director. She had been vice dean of attorney for the Southern District of consumer experience practice at the administration at NYU School of New York and chief of the securities and Interpublic Group of Companies. JOB DESCRIPTION Oversee operations at the $44 billion company Medicine. commodities fraud task force. Uptown magazine: Len Burnett, 43, joined MOST IMPORTANT TASK Balancing resources among various Kasina: William Scheckel, 37, joined as Blank Rome: Linda L. D’Onofrio, 55, as co-chief executive for the title, which director of marketing. He had been chief joined as partner. She had been a he co-founded in 2004. He had been businesses of staff for the global chief marketing shareholder at Winstead. vice president and group publisher of CREDENTIALS NEEDED Proven management experience at a major officer at SAP. Sheppard Mullin Richter & Hampton: Joel Vibe magazine. media company E. Lutzker, 55, joined as partner. He had WE tv: Jennifer Kranz, 36, joined as vice FINANCE & INSURANCE been a partner at Schulte Roth & Zabel. president, advertising and branding. She SALARY Current COO earned a salary of $1.3 million in 2006 Aquetong Capital Advisors: Dan Morley, Leonard S. Sorgi, 48, joined as partner. had been head of consumer marketing at RECRUITER Internal 52, joined as managing director, based in He had been a partner at Schulte Roth Lifetime. New York and Greenwich, Conn. He & Zabel. Jennifer McGuigan, 37, joined as vice DOWNSIDE The struggling AOL unit continues to lose subscribers was formerly a managing partner at president of trade marketing. She had Ardshiel Inc. MEDIA & ENTERTAINMENT been vice president, ad sales marketing, UPSIDE Changes that incoming management is expected to make will Carlton Advisory Services: Marc Belsky, Hachette Filipacchi Media U.S.: Aaron at the Hallmark Channel. increase revenues 27, joined as managing director. He was Spiewak, 34, was named vice president, COO Jeffrey Bewkes will take over as chief executive in January, when formerly a principal at Bonjour Capital. licensing. He was formerly director, REAL ESTATE Thomas Fear, 38, joined as managing consumer products, at ESPN. Forest City Ratner Cos.: Bruce C. Ratner, CEO Richard Parsons leaves the post. Mr. Bewkes is considered more director. He was formerly a senior vice Minyanville Publishing and Multimedia: 62, was promoted to chairman from open to breaking up the media giant, and that could include shedding president at Savills Granite. Samantha Chang, 38, joined as president and continues as chief AOL. —KIRA BINDRIM Gibraltar Private Bank & Trust: Janit managing editor. She had been associate executive. Greenwood, 61, joined as senior vice editorial director at High Net Worth Joanne M. Minieri, 47, was promoted to president and market manager. She had Inc. president from executive vice president been senior vice president and manager Screenvision: John Missale,58,was and continues as chief operating officer. at Boston Private Bank & Trust Co. promoted to chief technology officer Halstead Property: Dean Feldman, 45, from manager, media and was promoted to executive vice president HEALTH CARE entertainment. from senior vice president. vice president. executive vice president and continues as MediZine: Lois Smith, 49, joined as vice Time Inc.: Paul Caine, 43, was promoted Barbara Godson, 68, was promoted to chief economist. president of sales and marketing. She executive vice president from senior vice SERVICES Manhattan Outreach Consortium Center: had been account manager at president. Bernard Hodes Group: Mike Tsugranis, Kristen Edwards, 30, was appointed Thomson/PDR. EXECUTIVE PROMOTIONS Barbara Good, 62, was promoted to 46, rejoined as senior vice president. He director. She had been program The fastest way to get an announcement into executive vice president from senior vice had been Eastern regional partner at manager, outreach coordination center, HOSPITALITY & TOURISM Crain’s is to submit details online. Fill out the form president. JWT Employment Communications. at Project H.O.M.E. Furnished Quarters: Matthew Damico, at www.crainsnewyork.com/submit. The Norman Horowitz, 58, was promoted The Conference Board: Gail D. Fosler,59, —adrianne pasquarelli 33, joined as new-business development Executive Moves column is also available online. to executive vice president from senior was promoted to president from and sarah studley

November 12, 2007 | Crain’s New York Business | 45 CNYB 11-12-07 A 46 11/8/2007 6:58 PM Page 1

BUSINESS LIVES LIVING LARGE Condo scores major-league hit Sports fan achieves VITAL STATS BATTING 1.000: goal of family-friendly Robert Tuchman PROPERTY Three-bedroom, likes The Apple location; baseball three-and-a-half-bath condo Bank Building’s great views and its Eden in basement ADDRESS 2112 Broadway 15,000-square-foot basement, which has ASKING PRICE $5.2 million

seven batting cages. buck ennis BY ALIX STRAUSS PURCHASE PRICE $5 million CLOSING DATE May 2007 sports fan in every sense of the word, UNIT NUMBER 5B Robert Tuchman will attend any game, and he plays in several baseball oversized bedrooms and several Aleagues. He has spent the past walk-in closets. decade building his profitable com- But it’s the building’s basement, pany, TSE Sports & Entertain- which runs the length of the entire 480 ment, around his passion. block between West 73rd and West Now he’s literally living his pas- 74th, that Mr. Tuchman couldn’t sion, or living in it. In January, he pass up. Seven years ago, a resident found a three-bedroom, three-and- helped create the 15,000-square- RED HILL ROAD a-half-bath apartment in The Ap- foot baseball paradise,which is open ple Bank Building on Broadway and both to residents and the public. MIDDLETOWN, NEW JERSEY West 73rd Street, which boasts sev- Posters of famed players line the en batting cages and a video game walls; baseball-themed video games room in the basement. wait to be played. Mini lockers are The president of TSE—a com- available for storing gloves and a pany that books high-profile ath- change of clothing. Juice machines letes for appearances and endorse- allow devotees to quench their thirst ments and puts together sports and after batting practice.There’s even a entertainment packages—could not small gym hidden behind batting resist the 3,000-square-foot con- cage No. 1. dominium with 14-foot ceilings, as well as the landmark building’s Multiple motives unique perks. “my wife thinks I bought the apart- Mr. Tuchman says the Upper ment solely because of that,”he says, West Side location clinched the deal. standing in cage No. 6 with a bat in “From the second I entered, the his hands, his body midswing as he massive windows and the amazing pretends a ball is zooming at him. view made me think ‘home,’” Mr. “At least she’s got Fairway, so it all Tuchman says, standing in his bare- evens out.” ly constructed living room. “I love Raised in Edgemont, N.Y., as the Upper West Side and the fact the youngest of four siblings, Mr. that it feels like a suburban neigh- Tuchman took a Murray Hill apart- A PRIME MONMOUTH COUNTY LOCATION borhood. I know I could raise my ment along with two roommates children here and be happy.” when he first moved into the city. AT EXIT 114 OF THE GARDEN STATE PARKWAY He and his wife, Amy, who is He got what he now fondly calls the five months pregnant, found their “baby room.” dream home through a small ad in “It was big enough for a bed, and The New York Times and agreed to that’s about it,”says the entrepreneur. • 285,000 square feet of • Striking atrium lobby, buy it in March, without the help of Mr. Tuchman has lived in seven prime office space at newly designed for a broker. The couple closed in May, apartments in the past 13 years. Exit 114 of the maximum sunlight just days after their wedding, and “East Side, West Side, Village, Garden State Parkway exposure they moved in at the beginning of SoHo—whatever name there is for • Complete landscape • Glass-enclosed elevator September. a neighborhood, chances are I lived there,” he jokes. redevelopment with Living in a fishbowl rich foliage and lush • Brand-new common areas In the mid-1990s, he moved greenery intertwined for the past two months, the back in with his parents, who had • May be subdivided Tuchmans have been living through bought an apartment on East 72nd with welcoming pedestrian considerable renovations. Under an Street.While he was living there,he walkways • Within minutes of PNC Arts Center architect’s supervision, the kitchen, had a brainstorm. • Excellent parking which was relatively tiny, will be “I knew I had this amazing idea tripled in size. Several walls are be- for a company,”Mr.Tuchman says.“I ing reconfigured to create a fourth was broke and struggling. But I was Available from: room that will serve as an office. very committed and passionate.” Archways are being made taller. A A lot has changed for the sports sizable tropical fish tank adds color. enthusiast lately. He sold TSE to a In all, the renovation project, which private equity firm last year, but he should be completed by the end of maintains a key position with the the year, will cost approximately company. As for his next venture? $100,000. Publishing. In 2008, Mr. Tuchman “Now I’ll have a room to watch will become the proud father of two sports and play poker online,” says books: Young And Fearless (And Fed Mr. Tuchman, a muscular 36-year- Up), a memoir/how-to about big old who still possesses a boyish business; and The 100 Sporting charm. Events Every Fan Must See Live. The apartment already features marble bathrooms, a laundry room, COMMENTS? [email protected]

46 | Crain’s New York Business | November 12, 2007 CNYB 11-12-07 A 47 11/8/2007 4:31 PM Page 1

BUSINESS LIVES TABLE TALK by Bob Lape a gut job on a vintage pizzeria. It broth. Charred slightly around the can get confused. On one visit, a now suggests old Saigon with at- edges, the interior is moist and deli- manager was overheard taking mospheric indirect lighting, slow- cate with just a hint of heat. staffers to task “for three mistakes at turning fans, colorful lantern clus- Steamed wild sea bass drizzled the table of the owner’s wife!” ters and bird cages dangling from a with ginger sauce reposes on glass beamed ceiling. Faux ivy juts from noodles and shiitakes. COMMENTS? [email protected] unpointed brick walls and a pleasant Grilled salmon, another lemon- international staff works the floor. grass-pumped dish, is served with BOB LAPE SAYS: I love Lucy of Gramercy The menu, by co-chefs Hung garlic spinach and accented with more than the two stars noted in the Oct.29 is- Nguyen and Angel Bolanos, reflects Kaffir and light tomato sauce. sue. It rated two and a half stars. an artful approach to Vietnamese Desserts ($7 to $9) take both classic dishes. For starters, there are Vietnamese and French forms,from soft or crisp rolls—spring,summer or lemongrass and Kaffir-scented flan BEST OF BOB LAPE vegetarian—presented with glass or five-spices banana spring roll to a noodles or peanut sauce. A $9 order pretty chocolate mousse cake with a Following are other theater district of grilled lamb sausage with galangal dot of edible gold leaf on its glossy restaurants reviewed recently. and chilies arrives stacked like a small dome. That one smacks of Payard cord of firewood on a banana leaf. A Patisserie-style preparation. AJ Maxwell’s ½ sliced scallion leans on the sausages, Saju’s waitstaff strives to please 57 W. 48th St. (between Fifth and and marinated carrot and daikon rel- but sometimes stumbles, and orders Sixth avenues), Manhattan. ish adds zest to the composition. (212) 262-6200. The best rib-eye in Crispy calamari is a must-try town is but one attraction at this im- item,not only abundant for $11,but pressive new steakhouse. also blended with red and green peppers and fried Vietnamese mint. La Masseria The accompanying dipping sauce 235 W. 48th St. (between Broadway may be either tamarind or peanut. and Eighth Avenue), Manhattan. There are salads of green papaya and (212) 582-2111. A rustic Italian farm- shrimp, tuna with grapefruit, and house setting stars the sea-and- grilled beef paired with arugula, en- land cooking of Puglia, combined dive and kalamansi vinaigrette. with the hospitality of Capri. Other appetizers ($8 to $12) that hit the spot are Manila clams in fla- vorful Kaffir lime, lemongrass and buck ennis EXOTIC FEELING: Saju features indirect lighting, slow-turning fans, colorful lantern clusters and a chilies; shrimp ravioli with basil, beamed ceiling. The menu reflects an artful approach to traditional Vietnamese food. bean sprouts and crispy shallots;and SAJU a small stack of barbecued baby pork 120 W. 44th St. (between Sixth Strictly kosher gift baskets for the holidays, ribs lacquered in honey, Dijon mus- Avenue and Broadway) condolence, & year-round events. tard and other spices. (212) 997-7258 www.kosherline.com • 888-567-4378 Light eaters may combine first and second courses in a single vege- Vietnamese tarian dish of wok-sautéed curry CUISINE Vietnamese lemongrass tofu ($12). Market- WINES 55 choices, 10 by the fresh produce may vary, but we glass noted shiitake mushrooms, sugar gets discovered snap peas, red pepper, red onion and DRESS No code preserved black beans—all nestling NOISE LEVEL Moderate west, Saju is just appearing on the in a tangy broth. Theater district’s Saju restaurant radar. Pho bo,Hanoi’s rice noodle soup PRICE RANGE $17-$24 offers classic dishes When friends reported that a with flank steak, bean sprouts, beef WINE MARKUP 90%-225% first-rate Thai outpost had joined broth, fish sauce and cilantro, is a CREDIT CARDS in old Saigon setting; the Sardi’s set in the mid-40s, I am- sturdy standard at Saju, a meal in a All major some order mixups bled by to discover it is Vietnamese, bowl for $14. RESERVATIONS Suggested handsome and accomplished. Re- Some standout entrées:fork-ten- HOURS Daily, 7 a.m.-11 p.m.; turn visits ensued. der beef short ribs with excellent breakfast, lunch, dinner and aju is a theater district Saju is not the Vietnamese word sweet potato fries, tender and juicy weekend brunch sleeper,but the alarm clock for anything,but rather a homage to lemongrass chicken served with is ringing. Samantha and Justin, offspring of sweet onion and young scallions,and = Outstanding Much like the exciting owner Phillipe Bernard, whose a black cod dish that instantly con- = Excellent new Mexican Toloache six nearby Osteria al Doge is in its 15th jures up memories of Nobu. Saju’s is = Very good Sblocks north of it,and days-old Ital- year. roasted with king mushrooms and = Good ian Riviera-styled Nizza four blocks Six-month old Saju was born of “rice-paddy” herbs in a light curry

November 12, 2007 | Crain’s New York Business | 47 Project2 11/7/07 12:29 PM Page 1

Free Package Pickup rules. Because frankly, I can’t afford to send 50% of our staff to the Post Office.™

We’re pretty much chained to our desks here. So this Free Package Pickup is huge. Betty picks up our packages on her stop and gets them right in the mail. Packages go. We stay. Click usps.com/smallbiz to learn more.

Available with Express Mail,® Priority Mail,® and International services. Visit usps.com/smallbiz for terms. ©2007 United States Postal Service. Eagle symbol and logotype are registered trademarks of the United States Postal Service. Postal carrier Betty Davis, Shinnston, WV.