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INSIDE THE LIST TOP STORIES NY AREA’S City Hall LARGEST ENGINEERING rushes to FIRMS cement ® Mike’s PAGE 19 green

agenda VOL. XXVIII, NO. 16 WWW.CRAINSNEWYORK.COM APRIL 16-22, 2012 PRICE: $3.00 PAGE 2 Troubled Ann Taylor tries on new suit PAGE 2 FiDi’s apartment king enters new realm with his plans for AIG Building PAGE 3 Tribeca Film Fest wants starring role in deal-making PAGE 3 Might Foursquare be worth ... $1.3B? IN THE MARKETS, PAGE 4 NET

RESULTS gettyimages BUSINESS LIVES mismanaged team in the history of the NHL.” How’d the NY Rangers BY DANIEL MASSEY This season, the Blueshirts are a turnaround GOTHAM GIGS tale worthy of a Harvard Business Review case Public Library’s become a great sports In 2003, the Rangers failed to qualify study. A collection of young, homegrown players answer man P. 27 for the National Hockey League playoffs for the has led the Rangers to the top record in the East- ● ANNE FISHER Summer turnaround tale? Hint: sixth straight year, despite boasting the highest- ern Conference. They entered the playoffs last intern program trains ever payroll in hockey, prompting Forbes to call week among the favorites to win the Stanley Cup, future techies P. 27 Promote from within the franchise littered with has-beens “the most See RANGERS on Page 26 ● MOVERS & SHAKERS The city’s new real estate maven P. 28 ● GAEL GREENE Benoit Mags dying? Don’t tell the 1% Chelsea bistro comes of age P. 30 Market And Jason Binn, the onetime Forbes, Bloomberg, Jason Binn among maestro of luxury giveaway titles, INDEX those pushing titles aimed at super rich will target readers who have a net tops itself worth of at least $5 million when THE INSIDER ______8 Bloomberg Pursuits, so that traders he launches Du Jour in September. GREG DAVID ______11 BY MATTHEW FLAMM and hedge fund managers who In a nod to how the world has Neighbors cry foul SMALL BUSINESS ______13 spend their days glued to changed in recent years, the quar- Print is making a comeback—for Bloomberg data terminals will now terly magazine will also have a as owners seek big NEIGHBORHOOD JOURNAL ______14 the 1%, at least. Even as the maga- receive two magazines that show off monthly digital-only edition, and CLASSIFIEDS ______22 zine industry bets its future on pix- $30,000 watches. Also last month, a marketing partner in upscale e- addition on the roof FOR THE RECORD ______25 els, publishers are finding there’s ForbesLife relaunched with a new commerce site Gilt Groupe. EXECUTIVE MOVES ______27 money to be made catering to the design, newsstand distribution for It’s no secret why high-end BY THERESA AGOVINO THE WEEK AHEAD ______30 toniest readers of paper and ink. the first time, and a rededication to publishers have gotten print reli-

THE WEEK ON THE WEB ______31 Last month, Bloomberg Markets celebrating the flashier rewards of gion again. Global sales of luxury Among the Chelsea Market shops launched luxury-lifestyle spinoff unbridled capitalism. See PRINT on Page 24 selling artisanal cheese, freshly butchered meats and exotic olive oils are reminders of the building’s 16

5 industrial past,as well as a multime- REPORT REAL ESTATE dia nod to its possible future.Exhib- The Bronx becomes a manufacturing haven ited along an indoor promenade are ads for the cookies once made ELECTRONIC EDITION Plus: Meet the 70-somethings PAGE 17 there and an architectural model and accompanying video for a pro- NEWSPAPER See CHELSEA on Page 26 71486 01068 0 20120416-NEWS--0002-NAT-CCI-CN_-- 4/13/2012 7:19 PM Page 1

IN BRIEF THE GARMENT DISTRICT IS GROWING, BUT How Bloomberg is fighting GARMENTOS ARE NOT, ACCORDING TO A report from the Fashion Center Business Improvement District. While the neighborhood added about 4,000 jobs during the past five to sustain his green agenda years, most of them came from hotels, restaurants and various film, visual arts and photo studios. “That’s where the real growth is, and the opportunity,” said Barbara Randall, Fewer grand leaps, president of the Fashion Center BID. Overall, the garment district is home to 77,416 jobs—a more small steps to 5.5% increase over 2006.The report found that 51% of the area’s jobs were not fashion-related, get NYC to 2030 goal as many designers have shifted production to lower-cost overseas factories. BY SHANE DIXON KAVANAUGH DESPITE TEPID REVIEWS, THE BROADWAY REVIVAL OF ANDREW LLOYD WEBBER AND The plan to charge tolls for East River Tim Rice’s Evita, starring pop singer Ricky bridges is dead. Capital improvements for Martin, is nearly sold out every night. The subways, parks and other environmentally show took in almost $1.3 million last week— friendly infrastructure have been hobbled. 90% of its potential—making it the highest And most of the candidates jockeying to grossing of all the new musicals. And despite succeed Mayor Michael Bloomberg con- an unusually high average ticket price of $111 tinue to run against his three-term record, for groups, theatergoers “want it regardless of prompting fears among green groups and the ticket price,” said Stephanie Lee, president City Hall insiders that the mayor’s ambi- of Group Box Office Sales. Overall, total tious environmental legacy could be sacri- Broadway box office grosses are up 7.4% this ficed by future administrations.

season from the same point last year, according Five years into Mr.Bloomberg’s sweep- tuckernyc.gov/spencer to the Broadway League. Ⅲ ing vision for sustainability across New York,his so-called PlaNYC finds itself at a commuters to from Williams- crossroads. Congestion pricing, the origi- Some 120 burg and Greenpoint,Brooklyn,and Long BY THE NUMBERS nal document’s most controversial compo- Island City, Queens. More than 500,000 nent, was torpedoed by outer-borough initiatives creep trees have been planted in all five bor- Weekly shift of the city’s economy pols in Albany. Meanwhile, the city took a oughs, with another half-million to come beating from a recession, a real estate crash into nearly every in the next few years. Other initiatives, LENDING A HAND Company profits are coming and a deadlocked U.S. Congress that to- from installing rooftop gardens to intro- in stronger than expected, but weakness in aspect of city life  hiring prompted the Fed to again say it will hold gether have starved funds for mass transit ducing fleets of hybrid buses, also have interest rates low through 2014. and other vital projects. fundamentally transformed the look and Faced with these realities,City Hall has feel of New York. retooled its original environmental blue- “Part of the plan has been geared toward $15B 4 10.2% print for slashing greenhouse gases by 30% changing people’s consciousness, their SALES NYC NUMBER of UNADJUSTED and preparing for a million more people in awareness; to that effect, it’s been a sea retailers ring up Instagram pics unemployment New York by 2030.With 20 months left in Since PlaNYC launched on Earth Day change,” said Steven Cohen, a professor of Mark Zuckerberg yearly, creating rate in NYC in office, the Bloomberg administration 2007,the administration has unleashed,by public affairs at and $768M in tax posted before February, up from revenue buying the 9.1% a year ago. knows it’s running out of time to make a its count, more than 120 initiatives that head of the school’s Earth Institute. Source: NYC Econ. company for $1B Source: NYS Dept. difference. creep into nearly every aspect of city life. “[Mayor] Bloomberg has taken the envi- Development Corp. Source: Instagram of Labor “The best chance we have is to make sus- Lively pedestrian plazas have blossomed in ronment and made it a core management tainability the DNA of the city,” Caswell midtown, the Flatiron district and issue for the city.” APPLAUSE Ticket sales on Broadway have been rising Holloway, deputy mayor for operations, Chelsea. Year-round ferries traverse the Less visible, observers say, have been strongly since January. said at a recent Crain’s breakfast forum. East River, transporting thousands of See GREENER on Page 4 Broadway grosses, percent change, y-o-y +25.6%

+13.5% +10.2% +9.8% The executive suite -3.0% -13.1%

10/’11 11/’11 12/’11 1/’12 2/’12 3/’12 Source: The Broadway League as changing room

ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY Taylor and Loft brands. She appointed Ann Taylor gets new prez, Mr. Lynch, who previously headed Ann’s CORRECTIONS its third in six years, as factory, outlet and e-commerce divisions, in February. Sara Garretson is president of the Industrial + Technology pressure mounts on CEO Assistance Corp., or ITAC. Her name and title were misstated in The holiday blahs the April 9 article “NYC Manufacturing 2.0.” The Metropolitan Transportation Authority took “City Island” off Krill to deliver the goods Mr.Lynch will need more than passion just one of its maps. This fact was misstated in the April 9 to get Ann Taylor—which continues to Neighborhood Journal. lag its younger sister Loft—back in fash- A 200-square-foot ground-floor studio on West 70th Street in BY ADRIANNE PASQUARELLI ion. During the crucial holiday season, Lincoln Square went into contract for $235,000. The amount shoppers shunned the retailer’s high- was misstated in the April 9 article “Owning trumping leasing.” The doors have revolved again at Ann priced, drab business suits in favor of the KAY KRILL, CEO, tapped Ann Inc. veteran Brian Lynch. Linq3 sends lottery prizes straight to winners’ debit card accounts Taylor. This time, Brian Lynch, an eight- more color-splashed wares of competitors if the amounts are small enough for taxes not to be withheld. That year veteran of parent company Ann Inc., like White House|Black Market, forcing fact was misstated in the April 9 New York, New York. is trying to revive the struggling label by the chain into heavy markdowns. shoppers who made Ann Taylor the go-to vol. xxviii, no. 16, april 16, 2012—Crain’s New York Business (issn adding a dash of color to spring merchan- For the quarter ended Jan. 28, Ann destination for professional apparel over 8756-789x) is published weekly, except for double issues the weeks of July Fourth, Labor Day and Christmas, by Crain Communications dise and slashing prices. History is not on Taylor reported a 1% drop in same-store the past six decades, Mr. Lynch is promot- Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid at his side—Mr. Lynch is the third president sales, compared with an 11% rise at Loft. ing trendy colors like magenta and coral, New York, N.Y., and additional mailing offices. Postmaster: Send in the past six years to try to recapture the Though Ann Inc. is profitable, and gener- shrinking store sizes for a more intimate address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber serv- brand’s glory days. ated earnings of $2.2 million for the quar- feel and dropping prices just low enough to ice: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one “I have no doubt that Brian’s passion for ter, profits fell 73% compared with the attract budget-sensitive consumers with- year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2012 by Crain Communications Inc. the Ann Taylor brand will serve us well,” year-earlier period—and those mark- out entering discount territory. All rights reserved. said Kay Krill, chief executive of $2.2 bil- downs were chiefly to blame. “We need to be more disciplined with lion Ann Inc., which owns both the Ann To regain the same career-minded See EXECUTIVE SUITE on Page 16

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QUIET RISER: Only recently has Nathan Berman found himself in the spotlight, after Tribeca his purchase of the old AIG headquarters. seeks star role

DeNiro’s film festival still second fiddle to Cannes, Sundance

BY MIRIAM KREININ SOUCCAR

The frenzied deal-making at Sun- dance and Cannes, where multiple bidders vie for movies and millions of dollars change hands, has eluded the Tribeca Film Festival so far. That may be about to change. The annual event was founded by actor Robert De Niro after Sept. 11 to help revitalize lower Manhat- tan, and has drawn A-list celebrities to its opening nights and attracted thousands of moviegoers. Last year, 37 films were acquired by distribu- tors at the festival, up from just one its first year. And one movie attract- ing attention right now, The Bully, was bought by The Weinstein Co.at the 2011 festival. But while Tribeca has made progress in its attempt to become a competitive marketplace on the film festival circuit,it is still trying to find the hits that will catapult it into the top tier of festivals. Its somewhat muddled mission—mixing art- house films with Hollywood block- busters and family fun days for the community—has held it back, ob- servers say. buck ennis “There have been dozens of films sold out of Tribeca in the last couple of years, but it’s been under the radar,” said Geoff Gilmore, the longtime Sundance director who in 2009 became chief creative officer of the festival’s parent company, The King of FiDi Tribeca Enterprises. “There hasn’t been that crossover film that’s made it big in the marketplace.” DOWNTOWN MOGUL-IN-MAKING Not bad for someone who immigrated to the In an attempt to change that, the Hot area’s biggest apt. from the Ukraine in 1973 and 11-year-old festival—which opens In the past seven years, Nathan Berman has ended up spending 15 years selling Russian con- Wednesday and runs until April 29 owner plans NYC’s acquired these properties—most all of them in temporary art, like the floor-to-ceiling charcoal at numerous downtown venues— the Financial District—for residential conversion. drawing by Shimon Okshteyn that takes up an has beefed up its executive suite. To tallest rez conversion entire wall in his office. Mr. Berman left that help choose the 89 feature films it world in 1995 for one he thought would be more See TRIBECA on Page 26 accessible and more lucrative: real estate. BY AMANDA FUNG “I wanted to be in a business where you can be an absentee manager and still get paid,” said the Sitting last week in his spacious 11th-floor office bespectacled,jeans-clad Mr.Berman in his ever- at 20 Exchange Place, one of his more recent so-slight Ukranian accent. Taking in monthly downtown office-to-residential conversions, rent payments from tenants simply seemed an Nathan Berman had reason to be happy. easier route to financial security than running an Four months earlier, the founder and princi- art gallery. “The day you don’t show up to sell pal of Metro Loft Management had pulled off paintings, you don’t have a business,” he added. his biggest deal ever. Along with partner East- He didn’t let a lack of capital hold him back. bridge Group, he snapped up the landmarked, His first property deal was for a 10-unit loft 66-story former headquarters of American In- building in TriBeCa. He paid $520,000—bor- ternational Group at 70 Pine St., paying $205 rowing $450,000 from the seller. After fixing up million for his prize. Now, he is planning to turn the place and raising rents, he turned his atten- it into what will be the city’s tallest-ever residen- tion southward to the vast stock of downtrodden tial conversion. but startlingly handsome buildings that had out- It’s a fitting ambition for a man who has qui- lived their roles as offices, but that had great po- etly become the largest owner of rental apart- tential for residential use. ments in one of the city’s fastest-growing neigh- In 1997, Mr. Berman spent $5.2 million on borhoods—the old Financial District that’s now his first purchase in FiDi, a 15-story Art Deco called FiDi by real estate marketers.There,he has property whose corporate tenants included rap-

nearly 2,200 apartments under management. maps See THE NEW KING on Page 24 THE FESTIVAL showcases this blockbuster.

April 16, 2012 | Crain’s New York Business | 3 20120416-NEWS--0004-NAT-CCI-CN_-- 4/13/2012 7:21 PM Page 1

Long-Term Planning and Sustain- Greener New York ability,concedes that more work must be done.“While the trends are good,” he said, “they’re not necessarily on a IN THE MARKETS Continued from Page 2 invest $2.9 billion in a wastewater trajectory that will persist if we don’t scores of changes undertaken by city system to help prevent contaminat- continue doing the things we’re do- officials to boost building standards, ed storm water from entering New ing, and doing more of them.” by Aaron Elstein enhance water quality and reduce York’s rivers and harbors. The De- And so Mr.Bloomberg last week the amount of waste in landfills. partment of Sanitation hopes to announced the city had tripled its With the real estate industry’s double the amount of waste divert- solar-power production by in- support,a flurry of building laws and ed from landfills by 2017. stalling panels atop police precincts, Instamath: How Foursquare might codes enacted since 2010 alone are Some of these efforts already high schools and a fire truck repair expected to cut greenhouse-gas have paid off.Greenhouse gas emis- station—a move, perhaps, more round up its own magic number emissions in the city by 5%, reduce sions, for example, have plummeted symbolic than substantive. Last lighting costs by 10% and save bil- 12% from their 2005 levels, putting month, city officials issued a request f Instagram sold for $1 lions of gallons of water annually by the city on track to achieve its goal for proposals to build wind-power billion, my company must 2030, a recent report by the non- of a 30% decrease by 2030. facilities on Staten Island. profit Urban Green Council And this summer,the city launch- be worth … Where the city lags I showed.The city’s plan to phase out es a bike-share program that will ul- That brainwave last week two kinds of low-grade heating oils Other metrics, however, are less timately bring an additional 10,000 swept the downtown lofts, used by thousands of buildings will rosy. The city’s 15% recycling rate two-wheelers to local streets. In a restaurants and clubs where improve air quality more than the woefully lags behind Portland,Ore.’s town where aggrieved neighbors file congestion-pricing concept would 60% rate and San Francisco’s 77% lawsuits over bike lanes near their the city’s technology elite and have, according to officials. record. New York’s number is actual- apartment houses and businesses, their venture capital funders “Market forces are reinforcing ly a drop from a high of 19% in 2002, many mass-transit advocates see the hang out. The most delightful what the city is doing,” said Russell prompting criticism from groups like cheap rent-a-bike program as a coup. Unger, Urban Green Council’s ex- the Natural Resources Defense Mr. Bragdon points to City thing about this bubbly kind ecutive director. “The tipping point Council. Ever-increasing water rates Council plans to further revise of exercise is that none of the has been that these changes make also may threaten the DEP’s waste- building codes in coming weeks to usual financial metrics apply. economic sense for the commercial water investments, especially with a encourage such moves as installing Most fledgling tech outfits sector.” mayoral election on the horizon. rooftop solar-power generators. Meanwhile, the Department of David Bragdon, who oversees “We’re rewriting the books,”he said. are, of course, too young to Environmental Protection plans to PlaNYC in the Mayor’s Office of “Literally.” Ⅲ produce much in revenue, never mind profits. And let’s forget for the moment that financial results reported by buck ennis the tech flavor of last month, the online-coupon peddler Groupon, have been deemed highly dubious. So how do you put a billion-dollar price tag on a promising social media enterprise? One way might be to estimate the value of its “active users.”That’s the solution suggested by Wired.com in an article last week titled “Instagram’s Buyout: No Bubble to See Here.”This cheerful approach was endorsed by no less an eminence than Albert Wenger, a partner at Manhattan-based VC firm Union Square Ventures, who on his blog called it “excellent perspective.”To those curmudgeons who say valuing a new-media company based on users bears a striking resemblance to dot-com companies of yesteryear proclaiming how many “eyeballs” they attracted, or how “sticky” their sites were, shame on you. Anyhoo, the Wired.com article But let’s apply Wired.com’s valu- makes the case that Facebook’s deci- ation method to Foursquare—ar- sion to pay $1 billion for Instagram guably New York’s hottest social me- isn’t as bonkers as it seems because dia company, founded by Crain’s 40 the young photo-sharing service al- Under 40 alum Dennis Crowley (pic- ready has 35 million users, meaning tured above)—and see what we get. Facebook paid only about $30 per A spokeswoman said more than 5 user.That’s more than twice the per- million people check in every day user amount AOL dropped a year ago and the service has 15 million total to acquire the Huffington Post,but 40% users, which for simplicity’s sake less than what Google shelled out back we’ll all classify as active. At $30 per in 2006 to acquire an up-and-com- user, that suggests the company is ing something called YouTube. worth $450 million. One big question is how Face- Yet that doesn’t seem accurate, if book can extract anything like $30 in only because an investment last June revenue from every Instagram user from Union Square Ventures and it’s “buying.” Mr. Wenger crunched other VCs valued Foursquare at the the numbers on his blog and deter- time at $600 million, according to mined that if Facebook could gener- news reports. So let’s cross out the ate $4 a year per user from advertis- $30 figure and replace it with the ing, data storage charges or other median price that other companies things,it could make the deal pay off paid for their acquisitions of Inter- “if you assume a 10-year average user net companies over the years, which retention.”Mind you,Instagram has is $92 per user, according to existed for exactly 18 months. As- Wired.com. Plug that higher num- suming people will still be using it ber in and all of a sudden Foursquare (or, for that matter, Facebook) in 10 is worth … $1.38 billion. years is pretty aggressive stuff. Much better. Ⅲ SHARE OF VOTING RIGHTS at Google controlled by founders (left), 38, and , 58%39, after the company last week announced an unusual stock split, distributing millions of new shares without voting rights, locking in their control of the No. 1 search engine.

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CRAIN’S Business Breakfast Forum Meet NEW YORK,NEW YORK PATRICK J. FOYE edited by Valerie Block EXECUTIVE DIRECTOR OF THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY

Join Crain’s New DATE: York Business for a TUESDAY, Old Homestead’s discussion with the APRIL 24, 2012 new frontiers Port Authority’s ld Homestead Steakhouse could TIME: newly appointed become an international cash cow. 8:00-8:30 AM executive director, Since last year, owners Marc and Greg Patrick Foye. Mr. NETWORKING OSherry have been in negotiations with at least Foye will address the priorities he has BREAKFAST five hospitality and entertainment companies developed for the agency during his first six 8:30-9:30 AM to open outposts of the 135-year-old months in charge, what his primary concerns PROGRAM chophouse as far away as Dubai and as nearby are for the World Trade Center reconstruction as Madison Square Garden. ¶ The brothers, and how New York is faring in the VENUE: whose family has owned the Meatpacking competition against other major ports. He THE SHERATON district eatery for the past 75 years, first added will be questioned by Crain’s assistant 811 SEVENTH AVE. a sibling a decade ago at Borgata Hotel managing editor Erik Engquist and Rich METROPOLITAN Casino & Spa in Atlantic City. Last Lamb from WCBS radio. BALLROOM newscom December, they exported Old Homestead to CATTLE DRIVERS: Marc and Greg Sherry are eyeing new locations. Caesars Palace in Las Vegas. Now, casino RESERVE YOUR SEAT Sponsored By operators from Biloxi, Miss., to Singapore are www.crainsnewyork.com/events-foye calling, among them Genting Americas, which operates Resorts World Casino at the Aqueduct Racetrack in Queens. ¶ Even MSG wants a piece of the action.The brothers hope Early Bird Registration Ends April 17th to open a sandwich kiosk at the arena in October when the second phase of its massive You must be pre-registered to attend this event. No refunds permitted. renovation is completed. ¶ One thing, however, won’t change. “We would never cut our portion sizes or change the grade of our meat,” which is USDA prime, said Marc Sherry. He did admit to raising prices “to keep up with the rising cost of beef.” —lisa fickenscher

Hotel gets said, “drawing inspiration from sales are starting to plateau. uptown hotels like The Carlyle, Experts say the lower bar of made over The Surrey and The Mark.” entry for e-book publishing may —lisa fickenscher be a factor. “Bigger publishers Crain’s A number of hip hotels have are starting to lose market share The Art of Fundraising sprung up near Madison Square E-headache for to independent publishers and Arts&Culture Park lately—among them The self-publishers,” said consultant Nomad and the Gansevoort Park book publishers Jack Perry. Breakfast: in the New Economy Avenue.To stand out, the 30- Sales could get a boost from Join Crain’s New York Business at our Arts & DATE: year-old Hotel Roger Williams on The Justice Department’s lawsuit lower prices—a likely result of the Culture Breakfast as we will explore a critically Thursday Madison Avenue at East 31st charging publishers with suit—but that may prove the important issue facing arts groups JUNE 14, 2012 Street is assuming a new identity. conspiring to fix e-book prices biggest headache of all. across the city – fundraising in the Newly dubbed Roger, the isn’t the only headache the —matthew flamm new economy. With the economy PLACE: property is getting a $10 million industry has right now. Insiders sputtering and Wall Street in makeover that includes the say there are concerns that the e- decline, this is really the time for Con Edison Conference Karen Brooks Center complete renovation of its 194 book juggernaut is slowing down. nonprofits to pull out all the Hopkins NO PEDALING fundraising stops. 4 Irving Place at 14th guest rooms and a new restaurant “It’s not growing the way it was NECESSARY and lounge, to be a year ago,” said an Crain’s New York Business will Street operated by hospitality executive at a major FORGET VESPA. Brooklyn’s own bring the experts on both sides of Steven Kamali the equation – the fundraisers and TIME: guru . publisher. “And Jetson Bike just launched a line the funders – to discuss what’s Linda Shelton Networking Breakfast: “We expect to Barnes & Noble is of colorful electric bikes. They working now. Karen Brooks 8:00-8:30AM compete at the higher ordering fewer and can go up to 20 miles per hour Hopkins, Linda Shelton and Program: end in our neighbor- fewer books.” Senior and get 40 miles per charge. Arlene Shuler will join us for a 9:00-10:00AM hood,” said John execs at the house had They’re available at Hammach- candid and insightful discussion, Flannigan, president of been counting on er Schlemmer, Brookstone and moderated by Alair Townsend. Arlene Shuler JRK Hotel Group, rapid growth in Jetsonbike.com for $1,800. which sold the property digital sales to make Pedaling the 120-pound to La Salle Hotels last up for the expected Panelists: COST TO ATTEND: machine will recharge it, but year and continues to erosion of physical plugging in the battery sounds Karen Brooks Hopkins $60 for individual ticket(s) if operate it.The boutique book sales, and are pre-registered before May like a better idea. No license or President, Brooklyn Academy of Music was last updated when JRK now worried about meeting their 22nd; $65 thereafter. registration needed. Linda Shelton bought it in 2003. projected budgets for the year. Executive Director and Trustee, The Joyce Theater Foundation $600 for table(s) of ten if Arlene Shuler pre-registered before May Room rates will likely rise to as In January—the most recent nd President & CEO, Center 22 ; $650 thereafter. much as $500 per night from month for which numbers are Additional panelist to be announced PRE-REGISTER HERE: approximately $325 when the available—e-book sales spiked Moderator: www.crainsnewyork.com/ renovation is completed in June, 49%, to $100 million, compared events-crainsarts added Mr. Flannigan, whose firm with a year earlier, according to Alair Townsend For more information, call Crain's columnist and Chair of the David H. Koch owns four hotels outside New the Association of American Theater at Lincoln Center the Events Hotline at 212-210-0739. York and 250 residential Publishers. For all of 2011, e-book SPONSORED BY: You must be pre-registered to attend properties in 30 states. sales grew 117%, to $970 million. this event. No refunds permitted. Mr. Kamali expects the lobby- It was expected that coming off level lounge to draw a crowd a larger revenue base, the monthly beyond hotel guests. “We are percentage increases would grow creating something luxurious,” he smaller, but executives fear that

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as the negotiations moved forward,” Ms. Quinn said last Thursday. WASTE-TO-ENERGY Fuel for mayor’s race THE INSIDER Unions advocating for the rule Staten Island City Councilman James Oddo said earlier this month that disagreed. his campaign against a potential waste-to-energy plant on Staten Island was by Jeremy Smerd and Shane Dixon Kavanaugh “When the framework of the aimed not only at the Bloomberg administration but also at “the cadre of living wage agreement was set, a folks running for mayor.” Both groups got the message. mayoral exemption was not part of Last Friday, the administration said it would remove Fresh Kills as a it,” said Ademola Oyefeso, political possible location. The policy change came after the mayoral wannabes and legislative director of the joined Staten Island officials to protest the administration’s decision to build Retail Wholesale and Department on the former landfill site. The living-wage Store Union, which fought for the The first strike came from Public Advocate Bill de Blasio. “Putting a bill. waste-to-energy plant on the site of the world’s largest landfill would set us Despite the bill’s limited impact, back to square one,” he said last Wednesday. Ms. Wylde defended her decision After inquiries from Crain’s, four other mayoral hopefuls responded ‘loophole’ and disputed critics’ assertion that similarly. All supported new ways to deal with the city’s garbage, but said the exemption she sought was a Staten Island was not the place to experiment. loophole. “A loophole would City Comptroller John Liu said the community’s concern “seems to have ayor Michael Bloomberg was assume the private sector could use it to their advantage,” she said. been an afterthought.” Former Comptroller Bill Thompson said a facility on not just surprised by the “This would simply give the city Staten Island “would undo years of progress.” Partnership for New more latitude.” Candidate Tom Allon went beyond the borough: The city should make York City’s initial sure it does not “burden any residential neighborhoods of the city”—including proposed transfer stations in Queens and the Upper East Side. support in January of a Silence parents? Manhattan Borough President Scott Stringer, hedging slightly, said MCity Council living-wage bill he opposed. ‘Mishegoss!’ Staten Islanders had a “right to feel concerned. … The history of the He was angry, insiders said. But he never island is littered with broken promises and decades of environmental pressured President Kathryn Wylde (above) to withdraw her Officials dismissed as craziness the degradation.” organization’s support of it, Ms. Wylde said. rumor that legislators in Albany City Council Speaker Christine Quinn did not comment until after the want to prohibit disgruntled mayor’s announcement, but said she opposed the plan. The city’s leading business group did so last week after parents from leaking individual The project was easy to criticize because Staten Islanders across the seeing the legislation and realizing that it did not give the city teacher evaluations to the media. political spectrum and many environmental groups loathed it. “Whether it’s the option to exempt certain projects from the wage rule, even “This is mishegoss,” said Board of borough politics or environmental science, this is an issue where everything Regents Chancellor Merryl Tisch. lined up,” a Democratic insider said. though the legislation would only help fewer than 500 low- Gov. Andrew Cuomo said on the wage workers a year. radio: “Would you make [leaking The reversal was as surprising as the business group’s initial that data] criminal? Obviously I support of the proposed rule requiring a higher minimum wage think that’s stretching it to the Development Corp. Chairman Avi absurd.” LaBarbera quells Schick and NYC & Co. CEO on city-subsidized projects. When Ms. Wylde But the rumor was enough for members’ concerns George Fertitta. Honorees included backed the rule “in concept” earlier this year, the Daily News to editorialize Attorney General Chief of Staff the exemption was included, she said. against such a gag order. A Building and Construction Trades Neil Kwatra and Deputy Mayor for City Council Speaker Christine Quinn (left) Department of Education insider Council President Gary LaBarbera Operations Caswell Holloway. said, “We’re afraid the information had stayed out of a fracas over a said no promises were made. “We talked will be used by the tabloids to proposed city rule requiring a More pain for NYU? about a lot of different ideas and possibilities denigrate teachers.” national test for crane operators. bloomberg news Then a New York Times article said secured he was “amenable” to a compromise. Manhattan Borough President Scott Mr. LaBarbera quickly sent a Stringer’s support last week for its statement to calm his union proposed expansion plan by members: “It is our position that agreeing to slash its footprint 20%, these proposed rule changes should preserve two playgrounds and not be implemented,” he said. provide space for a public school. The rule would also allow If the school wants the City operators who work in other cities Council’s backing, it should be to get licensed in New York, a prepared to scrap a proposed hotel, change the International Union of chip in for construction costs of the Operating Engineers Local 14 public school and offer on-site opposes. affordable housing, an insider said. A bipartisan affair Mayor’s order He’s the executive producer of the angers unions liberal Daily Show With Jon Stewart. She’s the elder twin of a two-term Organized labor lashed out at Republican president. He’s a 2012 Mayor Michael Bloomberg last week Crain’s 40 Under 40, and she was his for unilaterally ending a century- companion at the old rule giving the April 6 party comptroller the celebrating the power to set wages honorees. But Rory for city-employed Albanese and Barbara tradesmen. The Pierce Bush (pictured) office of are “definitely not Comptroller John dating,” Mr. Liu said it was Albanese said. “We reviewing whether are just friends.” buck ennis the mayor’s He and Ms. Bush, who called executive order was legal. herself a “New Yorker for marriage The change would treat about equality” in a video sponsored last 10,000 employees like the rest of year by the Human Rights the city’s unionized vast workforce, Campaign, were among several who cannot rely on the comptroller politicos seen at the Stone Rose to bump up pay rates to a Lounge: Attorney General Eric “prevailing wage” if contract Schneiderman, Lower Manhattan negotiations stall. Ⅲ

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8 | Crain’s New York Business | April 16, 2012 CN015077.qxp 4/5/2012 4:27 PM Page 1 20120416-NEWS--0010-NAT-CCI-CN_-- 4/13/2012 3:08 PM Page 1

VIEWPOINT Traffic plan deserves traction editor in chief Rance Crain publisher, vp Jill R. Kaplan ractor-trailers leaving the city can pay up logic to New York’s maddening road network. As reported by EDITORIAL to $70 to take expressways—or can slog Jeremy Smerd in last week’s issue of Crain’s, it’s the product of editor Xana Antunes managing editor Glenn Coleman across the Manhattan Bridge and through 40 years of studying, managing and experiencing city traffic. deputy managing editors Valerie Block, lower Manhattan for free. Its premise is to remove the incentives that spur motorists to Erik Ipsen assistant managing editor Erik Engquist Cars on the Gowanus Expressway can make otherwise irrational decisions that hurt some areas senior producer, projects Kira Bindrim flow straight into the Brooklyn Battery disproportionately, as well as the city at large. senior producer, news Elisabeth Butler Cordova contributing editor Tunnel for $6.50—or can descend into the Lowering the tolls between Queens and the Bronx, or Elaine Pofeldt congested trench that bisects brownstone neighborhoods columnists Greg David, Michael Gross, Brooklyn and Staten Island, would increase commerce. Use Alair Townsend and inch across the Brooklyn or Williamsburg bridges gratis. of outer-borough bridges is light enough that their tolls can pulse editor Barbara Benson T senior reporters Theresa Agovino, Motorists coming from Queens and Long Island can be lowered without snarling traffic. By the same token, Aaron Elstein, Lisa Fickenscher, Matthew Flamm, cough up cash to feed into the Midtown Tunnel—or plod imposing fees on users of congested roads would speed Daniel Massey, Miriam Kreinin Souccar through neighborhoods and over the Ed Koch Queensboro reporters Amanda Fung, Shane Dixon Kavanaugh, traffic, benefiting Adrianne Pasquarelli, Jeremy Smerd Bridge for nary a cent. Sam Schwartz’s businesses whose time reporter/producer Emily Laermer Many opt for the free route, even if it takes longer, is more valuable than art director Steven Krupinski deputy art director Carolyn McClain pollutes the air more and chokes neighborhoods with traffic. ideas bring the cost of tolls. staff photographer Buck Ennis To city drivers, toll-avoidance techniques are treasured tricks The plan is not copy desk chief Steve Noveck logic to NY’s copy editor Thaddeus Rutkowski of the trade; to urban planners, transportation experts and perfect. A few elements assistant research editor Suzanne Panara the business community, they are senseless diversions that road network are designed to win over research interns Callie Eidler, Amy Stern editorial intern Ali Elkin impair the economy, waste time and damage public health. political constituencies. New York’s road network is a mess of contradictions and In some cases, it’s EDITORIAL AND ADVERTISING OFFICES 711 Third Ave., New York, NY 10017-5806 inefficiencies.The examples above are three of many where justified: Lowering editorial: 212.210.0277 Fax 212.210.0799 inconsistent tolling leads to driving patterns that cause harm. outer-borough tolls advertising: 212.210.0711 Cable craincom nyk It’s high time somebody fixed this, and not just with would generate support from elected officials, without which Fax 212.210.0499 tweaks. Even the bold congestion-pricing plan advanced by the proposal would die. But the idea of charging cyclists 50 Entire contents ©copyright 2012 Crain the Bloomberg administration—and killed by the state cents to cross a bridge is absurd, and strikes of pandering to Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP Legislature in 2008—was insufficient (although far better bike-hating politicians like Brooklyn Borough President Inc., used under license agreement. than the status quo). What’s needed is a comprehensive Marty Markowitz. We doubt he’d support East River bridge TO SUBSCRIBE: rethinking of the entire surface transportation system, and a tolls in any event. Fortunately, he has no vote. For subscription information and delivery concerns, please e-mail [email protected] politically savvy transportation expert to champion it. That Mr. Schwartz has devoted his own time and or call 877-824-9379 (in the U.S. and Canada) or Incredibly, such a person has stepped up to do that. He is resources to craft this plan and explain it to elected officials 313-446-0450 (all other locations.) $3.00 a copy, $99.95 one year, $179.95 two years. Sam Schwartz, better known as Gridlock Sam. qualifies his undertaking as a magnificent civic gesture. We www.crainsnewyork.com A private transportation consultant and former city applaud him—and urge city and state lawmakers, the ADVERTISING AND MARKETING transportation official, Mr. Schwartz has a plan that brings business community and the broader public to get behind it. advertising director Trish Henry senior account managers Irene Bar-Am, Courtney McCombs, Sheryl Rose, Suzanne Wilson account executive Jill Bottomley Kunkes COMMENTS sales coordinator print & online CRAIN’S ONLINE POLL Danielle Wiener newsletter product manager DO 8 RECENT COP Alexis Sinclair credit Todd J. Masura 313.446.6097 SHOOTINGS IN NYC director, audience development Downtown inhospitality Michael O’Connor TRUMP STOP-AND-FRISK senior marketing manager HOSPITALS ARE A BUSINESS? SICK! to build it! Shame on the politicians who just Catherine Schutten CONCERNS? approved the Bill Rudin plan for luxury condos event producer Courtney Williams Re: the Crain’s Health Pulse article about the reprint sales manager Lauren Melesio Date of poll: April 10 and townhouses on the St. Vincent’s site! 449 votes “rosy picture” a bond rater recently painted of a —carol f. yost general manager, online & e-commerce $48.6 million bond issue for North Shore-LIJ strategy Kira Bindrim Health System (CrainsNewYork.com). senior web developer, interactive Yes. Cops’ GUNNING FOR THE CONSTITUTION Chris O’Donnell lives should . 31% It’s really obscene for a hospital or hospital come first. system to be referred to in financial terms. Re: the stop-and-frisk poll. I think the reason NEW YORK PRODUCTION

Every patient is merely a unit of market share Mayor Bloomberg and Police Commissioner production and pre-press director 69%. in this scheme of things. NS-LIJ, which is a Kelly rail against the gun lobby is because this Michael Corsi nonprofit, is seen as being in financially rosy constitutional right (to bear arms) is being advertising production manager health. How is a nonprofit supposed to be defended by a citizen-based organization. Its Suzanne Fleischman Wies referred to in such a dollars-and-cents way? members value this right enough to fend off PUBLISHED BY CRAIN COMMUNICATIONS INC. Meanwhile, the whole lower-west quadrant those who would strip them of it.These No. Citizens’ rights come first. chairman Keith E. Crain of Manhattan is now without a hospital authoritarians don’t like that.They want to president Rance Crain because the powers that be did not see fit to strip people of their birthrights by decree. “It’s secretary Merrilee Crain issue bonds or grants to save St. Vincent’s legal, constitutional and appropriate” because I treasurer Mary Kay Crain Hospital before its bankruptcy. NS-LIJ, which say so, is the thinking behind the mayor’s push executive vp, operations William Morrow senior vp, group publisher Gloria Scoby is building a standalone emergency room in for more-restrictive gun laws. If our nation group vp, technology, circulation, place of St. Vincent’s, is getting tax-exempt doesn’t start valuing all constitutional rights, and manufacturing Robert C. Adams bonds.The brokerage firms that sell those organizing to defend them, we will be lost. vice president/production & bonds will make fat commissions—paid by the —peter manning manufacturing David Kamis taxpayers, including my fellow West Village chief information officer Paul Dalpiaz neighbors, who lack ready access to a hospital. CRAIN’S WELCOMES SUBMISSIONS to its opinion founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) bloomberg Shame on those brokers! Shame on New pages. Send letters to [email protected]. For this week’s questions: Go to York state for OK’ing that “emergency room” Send columns of 475 words or fewer to www.crainsnewyork.com/poll to have your say. with no hospital and issuing those tax-exempt [email protected]. Please include the writer’s bonds for the huge hospital system that plans name, company, address and telephone number.

10 | Crain’s New York Business | April 16, 2012 20120416-NEWS--0011-NAT-CCI-CN_-- 4/12/2012 3:59 PM Page 1

OPINION Crain’s Reinventing Health Care: Health Care The Road to Reform

Obama administration. It turned Crain’s New York Business out there weren’t enough original Join Fred Hochberg’s Obama backers to fill all the avail- for a morning-long symposium able jobs. He brushed aside the idea of returning to the SBA (“Been featuring Nirav R. Shah M.D., there, done that”) and wound up at M.P.H., New York State next career steps the bank. The Export-Import Bank guar- Commissioner of Health as the antees loans needed by American red Hochberg first appeared in the pages of Crain’s companies to export their goods and keynote speaker and two panel New York Businesss in the 1980s, when he started services, a key Obama initiative. discussions focusing on the Under Mr. Hochberg, the bank’s running his family’s company, the once-famous Keynote Speaker: guarantees have surged to $41 bil- strength and healthiness of Lillian Vernon. Today, he’s back in the news, this Nirav R. Shah M.D., lion, from $12.6 billion in 2007. He hospital boards and NYC time because of an increasingly bitter fight in publicly showcases all the small and M.P.H., New York Washington, D.C., over the Export-Import Bank, the agency medium-size companies the bank State Commissioner hospitals' most innovative CEOs. F helps. His problem is that 45% of all of Health he heads.Depending on what happens to the bank and the 2012 its guarantees have gone to one election, he could be back in New York ready to run a race for company: Boeing. DATE: Thursday, April 19, 2012 Delta is crying foul, saying the one of the city’s or state’s mother and brother). bank subsidizes foreign-airline pur- VENUE: Jumeriah Essex House most important political He wound up in chases of Boeing planes to such a de- 160 Central Park South jobs. Washington, running gree that the carriers then turn Mr. Hochberg the Small Business Ad- around and undercut Delta’s fares TIME: 8:00 - 8:30 am: Networking Breakfast learned about managing ministration at the end on international routes. That’s 8:30 - 11:00 am: Program as he worked with his of the Clinton adminis- probably true, although those air- mother to improve their tration. And then he craft exports create a lot of jobs. Re- catalog company, which spent five years as dean publicans dislike the idea of the Healthier Boards, Healthier Hospitals generated more than of ’s guarantees on principle. The bank Panelists: $100 million a year sell- Milano division from needs to be reauthorized by Con- Nisha Agarwal ing hard-to-find but in- 2003 to 2008, though gress, and at the moment there is Board of Trustees expensive gadgets and GREG during the last year or deadlock over what to do. Wyckoff Heights Medical Center knickknacks. Mr. Hoch- DAVID so,his primary preoccu- If the impasse is resolved and the berg improved opera- pation was electing bank continues to fuel exports, ex- Steve Hochberg tions and took it public, Hillary Clinton as pres- pect Mr. Hochberg to be promoted honing promotional and media skills ident. He campaigned tirelessly for to a cabinet-level post in a second Chairman he uses quite a lot these days. her, especially among the gay com- Obama term. If Mr. Obama loses, Continuum Health Partners He quit in late 1992 to become munity, and raised more than look for Mr. Hochberg to return an activist for gay causes and other $500,000. When she lost her race home, his reputation enhanced. Ken Langone political efforts. Lillian Vernon was for the nomination, it appeared he Mr. Hochberg has pondered Chair of Trustees eventually sold, and Mr. Hochberg wouldn’t be headed back to Wash- running for offices such as comp- NYU Langone Medical Center became financially independent (al- ington. troller (both state and city) and even though the financial details aren’t But he did what many Clinton the U.S. Senate. And he might now public the way they are with his supporters did,and signed up for the have the credentials to do so. Innovative Hospital CEOs Tell All Panelists: Alan Aviles President and CEO wealthy oligarchs determine the is- The NYC Health and Hospitals Corporation sues while the appropriate political needs of less well-heeled businesses, The ‘For sale’ signs organizations and individuals go Wendy Goldstein unattended. President and CEO While we await the Supreme Lutheran HealthCare in Albany must go Court’s reversing or limiting its pernicious decision, we can clean Robert Grossman, M.D. up Albany by establishing a volun- Dean and CEO tary system of public financing of NYU Langone Medical Center BY LEO HINDERY JR. AND SUSAN LERNER elections like the one we have in New York City, which diminishes n 2010, the United States Supreme Court made a deci- the importance of large campaign Wayne Keathley sion that has had a devastating impact on our democra- contributions. Simply by encour- President and COO cy. The high court’s ruling in Citizens United v. Federal aging candidates to raise money Mount Sinai Hospital Election Commission recognized corporations as natural from small donors and then match- ing those donations with public persons,protected under the First Amendment and thus funding, candidates don’t have to QUESTIONS? entitled to free speech. In so doing, the court handed a small rely on large contributions from CALL THE EVENTS HOTLINE: (212) 210-0739 I special interests in order to be group of corporate executives (unions don’t have nearly as much elected. money) extraordinary power in the democratic process. A recent Siena poll showed that *You must be pre-registered to attend this event At the same time, the court indi- equally insidious campaign finance 74% of New Yorkers from across the rectly paved the way for the forma- laws in desperate need of reform. state and the political spectrum tion of “super PACs” to raise unlim- For example, New York state—in so want fairer elections.And New York Sponsored by:

ited amounts of money for specific many ways the nation’s most impor- City’s proven public financing sys- Platinum Gold candidates or causes. Although re- tant role model—needs to quickly tem will provide them. quired to identify their contributors, divorce itself from its unholy union Gov. Andrew Cuomo has made actual givers too often are masked of politics and money. statewide campaign finance reform through the use of intermediaries. The state now has the highest a priority, so let’s act now. It’s past Against this tsunami of mostly contribution limits in the country time to take the “For sale” signs off LAST CHANCE! anonymous money, how can ordi- ($60,800 for a statewide race), our state Capitol and return democ- nary citizens compete for politi- which means that big-money cor- racy to the people. REGISTER TODAY cians’ attention, however noble the porate and individual donors have cause? Instead of government by significant influence in deciding Leo Hindery Jr. is managing partner of Visit: and for the people, we now have who gets elected and what laws are InterMedia Partners and a member of the www.crainsnewyork.com/events-healthcare2012 government bought and paid for by passed.This counterproductive race Common Cause New York board. Susan special interests. to the top—perhaps better termed Lerner is the executive director of Common Or Call: (212) 210-0739 On the state level, there are as a race to the bottom—means that Cause New York.

April 16, 2012 | Crain’s New York Business | 11 20120416-NEWS--0012-NAT-CCI-CN_-- 4/12/2012 4:06 PM Page 1

OPINION

FURNISHED, or in pajamas with coffee AVAILABLE: mug in hand. We smile Michael (or frown) to ourselves in Gracie Mansion Bloomberg is the first mayor a proprietary way and not to live in the know what a special official manse. thing it is to be a New needs residents Yorker. The people of this city have chosen to es- BY JOAN K. DAVIDSON tablish and maintain an official residence for ike the White House, New York City’s Gracie their chief executive; in Mansion is owned by the people, who expect and part to observe his or her comings and goings, but are happy to see their First Family living in it.Much also to ensure that the as the White House does for Washington, D.C., city’s never-ending busi- Gracie Mansion speaks for the spirit of our city. ness can spill over seam- Built in 1799 by the Scotsman Archibald Gracie, a leader in lessly from City Hall. L newscom The First Family of early New York, Gracie Mansion is redolent of New York’s and Gotham,as in Washing- the nation’s history. A comfortable, historic house of immense events. But, curiously, that doesn’t a terrible accident, or a strike that ton, can have a private life upstairs seem enough. New York hardly roils ordinary folks. In a meaningful while managing to be close to the charm,it sits on an incomparable 11- reborn as the home of our mayors for needs another event venue, howev- way, he or she becomes one with public, and the greatness of our city acre Manhattan landscape, looking the last nine administrations—until er dignified; it has them aplenty in us—the neighbors, the con- can be celebrated in style.These high out over Hell Gate and the East Riv- now. The Wagner Wing was added all five boroughs. Yet Gracie Man- stituents. public aspirations deserve neither er, where crucial Revolutionary War in 1966, to separate the public’s use sion becomes the most important When the mayor is in residence, condescension nor scorn. battles were fought. The Gracie of Gracie Mansion from the family’s venue when—and only when—it is a little frisson stirs the air: stepping I hope that all future mayors will family entertained illustrious Amer- private quarters, and in 1981 Mayor home to New York’s leading citizen. back on the sidewalk as the limos want to live in Gracie Mansion. It icans, including Alexander Hamil- Ed Koch created the Gracie Man- The Mayor’s Residence needs resi- streak across town to a black-tie din- should be the best part of the job! ton and President John Quincy sion Conservancy to carry out major dents! Without them,some intangi- ner at Gracie Mansion;noticing that Adams, as well as such notable for- repairs and protect the property in ble quality—something essential— policy advisers are holding forth in Joan K. Davidson is president emeritus eigners as the Marquis de Lafayette. perpetuity. is lost. the drawing room; overhearing a of the JM Kaplan Fund. She is a former In 1942—the days of FDR, Although he chooses to live else- The mayor, when at home in concert on the summer lawn; media chairman of the New York State Council on Mayor Fiorello La Guardia and where, Mayor Michael Bloomberg Gracie Mansion,cannot easily avert cameras catching a glimpse of the the Arts, and was appointed by Mayor Ed Robert Moses—the by-then largely has used the mansion brilliantly as a his or her eyes and ears from the mayoral children scrambling up the Koch in 1981 as chairman of the Gracie ignored old house was rescued and venue for a wide range of civic general uproar over a snowstorm, or property’s trees,or spotting the may- Mansion Conservancy.

12 | Crain’s New York Business | April 16, 2012 20120416-NEWS--0013-NAT-CCI-CN_-- 4/12/2012 3:56 PM Page 1

SMALL BUSINESS Rebates make green lights a go

Program helps tions,” Mr. Satin said. Signs and Flags in Glendale,Queens, ing—which was both inefficient and The company employs four full- also took advantage of Con Ed’s pro- produced a lot of heat—in Decem- owners get the LED time workers, selling LED bulbs gram late last year and changed the ber. She replaced it with energy-effi- that produce more light per watt lighting in his store.“We spent about cient ceramic metal halide lighting. out for lower bills than other bulbs and that last about $100 and are saving at least 30% on She, too, went through the Con five years.The LED bulbs don’t use electric bills,” said Mr. Vayman, who Ed program. Her after-rebate cost BY EILENE ZIMMERMAN mercury or halogen gases, like fluo- has two employees. at the store, which occupies about rescents do, and they are recyclable. 350 square feet: $1,800. orried that con- Although the bulbs are pricier than Saving for savings “That’s a big investment for a struction of the incandescents or compact fluores- Elise Perelman, owner of Lunes- small business, but I’m so glad we

Second Avenue cents, they cut energy costs signifi- sa, an artisan jewelry store in SoHo did it,” Ms. Perelman said.“Our en- buck ennis subway would cantly, Mr. Satin noted. with two employees, hired Green ergy bills are between a quarter to a BRIGHT IMAGE: Alexis Smagula and Randall disrupt business Fred Vayman, owner of Delta Lantern to change her halogen light- third of what we were paying.” Ⅲ Satin fitted a frame shop with LED lights. atW the flagship J. Pocker store on East 63rd Street, the company’s president, Robyn Pocker, hired a feng shui master for advice. J. Pocker is a custom framing and decorative print retailer with a total of 25 employees in its Manhattan loca- tion and three other stores.Ms.Pock- er wanted to ensure that her city store remained an oasis for shoppers, de- spite the tumult outside,and one feng shui recommendation was to upgrade the lighting.“It wasn’t very conducive to viewing art,” she explained. It wasn’t energy efficient either,so Ms.Pocker took advantage of a Con- solidated Edison rebate program— for businesses with an average peak monthly electric demand of 100 kilo- watt hours or less—that covers up to 70% of the cost of switching to green lighting. The new lighting trans- formed the 1,300-square-foot store. “It’s like a jewel box now,” she said. Ms.Pocker made the switch with the assistance of Green Lantern In- dustries in Manhattan, one of about 60 subcontractors working with Con Ed. Green Lantern installed LED lighting throughout the city store in January; the total cost was $11,926, but after Con Ed’s contribution, the actual cost to J. Pocker was $3,578. Although it’s still too early for Ms. Pocker to know how much money she will save, Con Ed said that elec- tric bills are reduced by 15% to 20% on average after such a change. Certainly, switching to green lighting isn’t cheap,even after the re- bate program. However, many small businesses are taking advantage of the program, anticipating that trim- ming their electric bills will pay off. Vendor sales jolt About 36,000 small businesses have participated in Con Ed’s Small Business Energy Efficiency Pro- gram, said a spokesperson for the utility. The program began in 2009 and is credited with cutting more than 155 million kilowatt hours from the grid in its first three years. Last year, the Public Service Com- mission reauthorized the company to continue it through 2015. The Con Ed program has helped boost sales for small vendors such as Green Lantern, headquartered in Times Square. Co-founders Ran- dall Satin and Alexis Smagula set a $250,000 sales goal for 2009, their first year. “Now we’re doing $2.5 million a year—way over our projec-

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April 16, 2012 | Crain’s New York Business | 13 20120416-NEWS--0014-NAT-CCI-CN_-- 4/12/2012 3:57 PM Page 1

NEIGHBORHOOD JOURNAL Catholic schools learn hard lessons

St. Raphael will just become one of in the area in the past decade. Queens closings chalked up to thinning flock, the latest victims of falling enroll- “The loss of these schools will higher tuitions; diocese rethinks approach ments and rising costs,that in its own greatly impact our community,” case was expected to leave it with a wrote City Councilman Jimmy Van who must find alternatives, as well as $200,000 deficit this year,despite the Bramer, D-Sunnyside, in a fruitless BY MARINE COLE for the neighborhood that the school diocese and parents all chipping in. letter to the diocese’s Bishop has served for the past half century. Nicholas DiMarzio in late January, n little more than two months, “If your business isn’t viable and Enrollment burden asking that alternatives to closing St. Raphael School in Long you have no other sources of income, The picture is much the same at the two latest schools be considered. Island City, Queens, will you have to close,” said Stefanie Corpus Christi School in nearby Indeed,now comes the hard part. close, and a new chapter will Gutierrez, press secretary for the Woodside, which will also close its “Everybody is sad,” said Caroli- robert nolan robert begin for the 160 students, Catholic Diocese of Brooklyn,which doors in June, as it was for two oth- na, who declined to give her last NO SAVING GRACE: The closing of St. Ifrom nursery school to eighth grade, covers Kings and Queens counties. er parochial schools that have closed name and whose 9-year-old daugh- Raphael School will displace 160 students.

ter is a fourth-grader at St. Raphael. Carolina, however, is one of the lucky ones. In the fall, her daughter will attend St. Sebastian School in Woodside, 1.5 miles away. “[St. Raphael] helped with a good transition at least,” she said. In fact, the school office set up open houses at other parochial schools in Long Island City,Astoria, Maspeth and Woodside, and helped to get St. Raphael’s students priority for enrollment.But with fewer class- rooms for the same number of stu- Construction as of 2/20/2012 dents, some of the more popular schools already have waiting lists. All of the students, however, will lose the opportunity to attend schools in their own neighbor- hoods. But the diocese insists it has no choice in the face of the thinning ranks of Catholics in Brooklyn and Queens—currently about 1.4 mil- lion, down 200,000 in just the past 10 years, as many Irish, Italian and Eastern European families have de- camped for the suburbs. “There’s definitely been a demo- graphic shift,but there’s still a demand for Catholic education,” said Ms. Gutierrez. She noted, for example, recent waves of Catholic immigrants from Latin America and Asia.Many WINTER 2012 DELIVERY TO TENANTS of them, however, are not able to af- ford tuitions that have risen steeply in recent years, as the priests and nuns have been replaced at the blackboard by lay teachers who require higher salaries and better benefits. Designed to Inspire “We have different scholarship programs that help these families,but The new M&B Building it’s definitely a new model of Catholic education,” Ms. Gutierrez said. at 201 E. 57th Street and 3rd Avenue Parish the thought Under a 4-year-old plan called The striking presence of the M&B building will be a fitting introduction to the Decorator and Design District. Preserving the Vision, the diocese is In an area that applauds fresh thinking, this building will be a catalyst for creativity. The ultra-high ceilings and seeking to transition all elementary limited columns will provide open floor plans, igniting your imagination. True design creativity will come from schools to academies that will be in- dependent of parishes and will be one of the most desirable corners of Manhattan’s Upper East Side. Inspiration will be provided daily in the form run by boards of directors responsi- of floor-to-ceiling glass with limitless views of the city. While it’s true that inspiration can come from anywhere, ble for the financial oversight and governance.By the start of next year, soon it will have one permanent address. they will number 25,compared with the 72 Catholic parish schools. Ironically, some of that scholar- ship money in future years is likely to come from the revenue derived from renting out the space current- ly occupied by St. Raphael School. The city’s Education Department

The artistic renderings are for illustration purposes only, and are subject to change without notice by Owner (“The M&B Building Owners LLC”) in its sole and absolute discretion. No guarantee is made that the project depicted will be built, already leases roughly 5,200 square or built, will be of the same type, size or nature, as depicted. Owner does not represent, warrant or guarantee the accuracy, quality, completeness, or suitability of any information for any purpose and is at all times subject to errors, omissions, feet in the building, which it uses as inaccuracies or changes in rental rates (and additional rental) without notice. Owner, its principals, directors, shareholders, managers, agents, assigns or inaccuracies or changes in rental rates (and additional rental) without notice. Owner, its principals, directors, shareholders, managers, agents, assigns or employees shall not be held liable to anyone for any errors, omissions, or inaccuracies under any circumstances. The information herein has been obtained from sources an annex for nearby P.S. 199. believed reliable. The entire risk for utilizing the information contained herein rests solely with the recipients hereof. It is your responsibility to independently confirm its accuracy and completeness and to determine the suitability of the property for your needs and requirements. The material and information contained herein is the sole and exclusive property of Owner. Reproduction, republishing, transmission and redistribution of any material, plans, graphic elements, or “The Board of Education will photographs without written consent of developer, and manager/agents, Merchants’ National Properties, Inc. and Marx Realty & Improvement Co, Inc. is strictly prohibited. Modification of the materials or use of the materials for any other purpose is a violation of copyright and other proprietary rights. have an option to bid,” said Father Jerry Jecewiz, the pastor of St. Raphael Parish. 

14 | Crain’s New York Business | April 16, 2012 CN015071.qxp 4/4/2012 4:33 PM Page 1 20120416-NEWS--0016-NAT-CCI-CN_-- 4/13/2012 3:09 PM Page 1

Executive suite as changing room ANN INC. STOCK IS SHOWING GAINS $30 Continued from Page 2 just the latest in an ongoing see-saw 2007, for example, after the depar- the level of promotional activity in the between the two Ann brands. Loft ture of Loft President Donna Noce 28 stores,”said Mr.Lynch,who also not- traditionally has pulled in younger Colaco, Ms. Krill led the brand until 26 ed that the stores must offer “a more consumers with its casual, less-costly appointing Gary Muto in 2008. $27.77 compelling, robust assortment.” merchandise, but has sometimes “She’d basically go back and Since Brian Investors like his track record. stumbled by trying to go too high- forth between whichever concept 24 Lynch’s Feb. 2 “His experience in outlet and online, end.Ann Taylor,by contrast,has had was struggling, and then the other appointment, Ann Inc.’s stock and the fact that both of those chan- trouble attracting younger genera- one would end up struggling,” said 22 price has nels have been growing steadily, tions without alienating its core, ma- Paul Lejuez, a retail analyst at No- risen 23%. could be beneficial for Ann Taylor ture customers. mura Securities Inc. 20 retail stores,” said Betty Chen, a re- In 2008, when Ann Taylor hit a 2/2/12 4/11/12 tail analyst at Wedbush Securities Finding the right fit trough,the company brought in head Source: Yahoo Finance Inc. Shares have jumped 23% since Over the years, Ms. Krill has be- designer Lisa Axelson,a Club Mona- Mr. Lynch’s Feb. 2 appointment, come disenchanted with the leaders co vet who gained industry praise for boost awareness of Ann Taylor. Sales remains with the company, though and trade near $28. of both brands,often taking over her- her stylish additions. She even incor- picked up. But as the firm boosted Mr. Lynch’s predecessor, Christine Ann Taylor’s current troubles are self to right foundering ships. In porated a runway fashion show to prices, shoppers bolted. Ms. Axelson Beauchamp, fell on her price points. While Mr. Lynch plans to return Ann Taylor to its midmarket roots by skewing new prices toward the entry-level tags of two years ago, he also needs to make sure he doesn’t end up competing with lower- priced Loft. That tricky balancing act has tripped up the company since Loft came along in 1996. “You want to make sure that doesn’t cannibalize anything at Loft—that’s the biggest risk at this point,” said Mr. Lejuez. Competitive ensemble Outside competition is also up- ping the ante. Fort Myers, Fla.- based White House|Black Market, OWN OR MANAGE A RESIDENTIAL BUILDING WITH 5 TO 75 UNITS? which is headed by Ms. Colaco, the former Loft president, has been adding more color to its shelves.De- * partment stores such as Macy’s and Nordstrom have the advantage of PLUG INTO SAVINGS offering a wide assortment of acces- $$$ SAVING INCENTIVES ON LIGHTING, HEATING AND COOLING UPGRADES sories, which get women in the door for apparel as well. IT’S FAST AND EASY. THE GREEN TEAM WILL HELP YOU GET IT DONE. Spring lines are Up to $15,000 for a high-efficiency condensing boiler plus already better additional incentives for insulation balanced with versatile dresses Up to $20,000 for an energy management system and pencil skirts Up to $50 each for most high-efficiency light fixtures in common areas ($150 for bi-level fixtures)

Adding more magenta,coral and In-unit improvements worth over $100 per unit to help pastel blue could help blow fresh air residents save money and energy into Ann Taylor. Analysts note that the spring lines are already better balanced with versatile dresses and Expert advice and energy surveys to determine eligible pencil skirts,versus last season’s bor- ing business suits. A recently re- energy-saving opportunities for your building leased ad campaign featuring actress Kate Hudson could help. It follows similar successful campaigns with Katie Holmes and Heidi Klum. CONNECT WITH THE GREEN TEAM AT Mr. Lynch is also keen on mak- ing stores smaller. Most of the 272 Ann Taylor outposts measure near CONED.COM/GREENTEAM 6,000 square feet, but that size is ex- OR CALL 1-877-634-9443 TO SPEAK TO AN ENERGY REPRESENTATIVE pected to be trimmed closer to 4,000. Such cuts are designed to add a specialized, boutique-like feel, as *Based on eligibility opposed to a big-box shopping expe- rience, analysts note. One-third of the store fleet should be converted into the new size by the end of the year,and will provide “a more engag- ing in-store experience,” promised Mr. Lynch. Ⅲ LISTEN to a discussion at CrainsNewYork.com/podcasts

16 | Crain’s New York Business | April 16, 2012 20120416-NEWS--0017-NAT-CCI-CN_-- 4/12/2012 3:58 PM Page 1

REAL ESTATE INSIDE The List New York area’s largest engineering firms PAGE 19 Real Estate Deals Web startup shifts to downtown Brooklyn, English menswear retailer slips into midtown space PAGE 20

developer.“But I still love what I do.” The Bronx He insists that his experience Seniors holding and the patience that has come with it add up to an important competi- rocks as tive edge in a business where—espe- cially in New York—major projects typically take years to move from haven for the high ground drawing board to ribbon cutting.He notes that it took him 26 years just to assemble the site where two of his industry residential developments on West 42nd Street now stand. “You need a long-term view in City helps borough the business,” he said. In the U.S., where only 1% of the rise as a go-to place active labor force is over 70, Mr. Sil- for firms squeezed verstein is quite a rarity. Odder still, he’s not exactly working because he out elsewhere needs the money—unlike the 44% of Americans who say they will work past age 65 for financial reasons, ac- BY TINA TRASTER cording to the Transamerica Center for Retirement Studies. Facing a tenfold rent hike in a rap- Despite the statistical odds, Mr. idly gentrifying meatpacking dis- Silverstein is just one of a surprising- trict a few years ago, Judi Arnold TAKING THE LONG ly robust number of septuagenarians and Carla Krasner made a radical VIEW: Larry Silverstein and octogenarians adding new departure.They moved their com- points out that his meaning to the idea of senior man- pany,Dufour Pastry Kitchens Inc., experience and agement in the real estate industry. up to the Bronx after inking a 10- patience add up to a “I think the challenges keep year lease on a 15,000-square-foot competitive edge in a them working—there is always an business where industrial space on Locust Avenue projects take years to opportunity for a bigger challenge,” in the Port Morris section. The complete. said Stephen Spinola, president of rent came to $12 per square foot— the Real Estate Board of New York. a fraction of what they were facing “And when they build something, it back in Manhattan. is a showcase of who they are.” And cost is only one of the ad- Several of them add another rea- vantages of the new place. It also son for sticking around: Courtesy of boasts loading docks and a loca- their power and age,they are freer to tion that makes it far easier for focus on the parts of the business suppliers of ingredients like flour that always excited them, and leave and sugar to reach, since they some of the duller details to others. don’t have to queue up at tunnels or bridges to get to a bakery that 23M stands in the David Childs, 71 SQUARE FEET city’s only main- of leasable Consulting design partner industrial land borough. Skidmore, Owings & Merrill space in the “Being in the borough Bronx has been o many people, the phrase good for busi- “mandatory retirement” ness,” said Ms. Arnold, who also Thas a nasty ring to it. Not noted that local officials helped to David Childs. When he hit 65 her get Small Business Adminis- and gave up his title as SOM’s tration loans to convert raw space chairman, he willingly surren- into a working bakery. dered responsibility for things like hiring and budgets. He became a Good connections help consulting design partner and was With residential development still exceptionally busy finishing

continuing to nibble away at the buck ennis up projects he started earlier. But fringes of dwindling industrial ar- as some of those ended and he was eas from the west side of Manhat- turning 70, the graduate of Yale tan to Long Island City, Queens, Five over-70’s are among those still making College and Architecture School many companies are turning their became supremely selective about attention to the Bronx. In some waves in high places in the real estate world how he spends his time. cases, they are also drawing some “Now I pick and choose what I want heavy support from the city to do BY THERESA AGOVINO to do,” he said. Gone are projects so or simply to remain there. Add that require one-day meetings in to that good transportation links, Back in 1955 or 1956, Larry Silverstein scored his first success. He bought a loft building at 220 E. China. a large low-wage workforce and Most of his work is much clos- some of the best rents in the city, 23rd St. for $600,000, fixed it up, and then jacked up prices—to a whopping 75 cents a square foot. er to home these days.The Upper and it’s no wonder that the Bronx Since then,much has changed in the real estate industry,but nearly 60 years later Mr.Silverstein East Side resident is designing a is on a roll with industrial tenants. is still doggedly chasing deals,just from a far loftier perch.Today,the 80-year-old developer works building for the Related Cos.’ The borough is springing in a vast corner office at his 7 World Trade Center tower, arriving each morning by 9:30. Only project at Hudson Yards and is back from recession,according to working on a to-be-announced Marlene Cintron, president of now, he’s more likely to exit at 6 p.m. than soldier on until after 9, as he did in his youth. effort in the city. See BRONX ROCKS on Page 20 “My energy starts giving out earlier than it used to,” conceded the Brooklyn-born and -bred See DAVID CHILDS on Page 18

April 16, 2012 | Crain’s New York Business | 17 20120416-NEWS--0018-NAT-CCI-CN_-- 4/12/2012 6:40 PM Page 1

REPORT REAL ESTATE

David Childs Stephen Green, 74 that transformed the firm he owned into the first Chairman, SL Green Realty Corp. real estate investment trust focusing solely on Continued from Page 17 Manhattan commercial real estate, opportunities After a career that has included de- L Green Realty Corp.’s core strategy has abound. With that move, and the vastly improved signing the Time Warner Center and changed remarkably little since the firm’s access to capital that came with it, the firm’s 1 World Trade Center, Mr. Childs founding in the 1980s. That is one reason why portfolio in and around Manhattan ballooned to 46 Sthe man who founded it is still on the job today, million square feet today, from 3 million square feet. long ago reached a stage where clients are drawn to him. But he noted that intimately involved in all leasing, acquisitions and “The IPO was my greatest success,” he said. SOM’s name is on the building, not financing decisions. It’s also one big reason why he It was only seven years later, as buying and his. In fact, the rise of the “star archi- has no real plans to retire, although these days he selling office buildings became an increasingly tect” is one of the biggest changes he may only come in four days a week and devotes complex process involving layers of debt and has seen in his career, and he has reser- more of his time to working with the industry trade platoons of bankers and lawyers, that Mr. Green vations about the trend. “It became all group on important issues. passed the controls over to his No. 2, Marc about what ‘I’built and what the build- “I still want to count,” he said. “I still need to do Holliday. “I wanted a CEO who understood the ing looks like, rather than whether it something useful.” capital markets,” said Mr. Green. “Hiring Marc was was appropriate in scale, fit the budget Courtesy of the initial public offering in 1997 one of the most important things I’ve done. and kept the rain out,” he said. There is one project he is tackling solo, however. He is drawing up plans for an 800-square-foot cabin for him- Samuel ‘Sandy’ Lindenbaum, 77 Leonard Boxer, 72 self in the Adirondacks, where he al- Counsel, Kramer Levin Naftalis & Frankel Chair, real estate department ready owns a home. Strook & Strook & Lavan andy Lindenbaum’s routine has been pretty much the same for the past 20 years. Before heading off to work, he exercis- eonard Boxer says he has Ses in his apartment gym, either running on the treadmill or the best of both worlds now. riding the stationary bike before doing some stretching.The only LHe still works on some of difference is that now he is just as likely to be heading for a the biggest deals in New York real meeting at one of the seven nonprofit boards he sits on—includ- estate, but when he’s working late, ing the Metropolitan Museum of Art—as he is to be going to vis- he’s usually dining with the clients it a developer. instead of laboriously honing the He admits he’s not sure when the pendulum started to swing documents back in the office. in that direction, but he thinks it was in the early 1990s, when “I don’t need to draft the papers a recession put the kibosh on development. After all, his specialty anymore,” says the Upper East Side is land use and zoning—skills in high demand only when developers are resident, who has two sons in the building. real estate business. “I love sitting in It’s an expertise the graduate of and Har- the strategy sessions, figuring out the vard Law School honed while working with his father, starting in deals.” 1962. But at the end of the day,when A year earlier, the city’s zoning law came out and his dad forced the client needs advice or a young him to learn it fast because he promised to work on a hotel deal for lawyer is stumped,Mr.Boxer is al- Laurence and Robert Tisch. ways available. “I still get the call Since then, Mr. Lindenbaum has played a vital role in many im- in the middle of the night,” he portant rezoning efforts, including the one that paved the way for said. In recent years, he has Columbia University’s planned expansion. worked with clients ranging from Silverstein Properties, on the World Trade Center site, to Fish- Larry Silverstein, 80 er Development Corp.,on the sale President/CEO of Liberty Towers in Jersey City. Silverstein Properties Despite working on no less arry Silverstein didn’t expect than 1,000 transactions over the to still be working so hard at course of his career,Mr.Boxer says this stage in his life. In fact, changes over the past decade in the L industry surprised him. In partic- after signing a 99-year lease on the World Trade Center site in the ular, he points to the rash of what summer of 2001, he planned to build he calls “inexperienced develop- a yacht and sail to places he’d never ers” securing loans from bankers visited. That changed after the Sept. with low lending standards. 11 attacks, when he devoted himself “I come from an era where you to rebuilding. Not only did he had to establish yourself,”said Mr. postpone having a new yacht built Boxer, who completed his first for a while, he also pared back on major deal—the acquisition and some of his charitable endeavors to development of Starrett City in spend more time in the office. Brooklyn—in 1972. “It was an attack on America, and I couldn’t let the terrorists win,” he said. Now, after almost a decade of tumult and disputes about the rebuilding, work on his towers is No Other Accounting Firm Offers More progressing smoothly. Meanwhile, in the past five years his payroll has Intellectual Capital Under One Roof. jumped by 50%, to 240, and last year, he announced that Martin Anchin, Block & Anchin LLP Berger had become his co-CEO. Mr. Accountants and Advisors Silverstein plans to completely relinquish that role in two years, although he will remain involved in Frank A. Schettino, CPA the company. Managing Partner “We’ve reached the state where [email protected] that is possible,” he said, noting that he takes a little bit more vacation time these days. Still, the 1375 Broadway, New York, NY 10018 new yacht that was completed last year includes a video conferencing Follow us @anchincpa system so he can stay in touch with

his executives when he’s away. photos: uck ennis

18 | Crain’s New York Business | April 16, 2012 20120416-NEWS--0019-NAT-CCI-CN_-- 4/12/2012 3:58 PM Page 1

PROFESSIONS New York Area’s Largest Engineering Firms Ranked by number of area engineers

" & &   $  $ &    #"  ! & &   &%"!#       #&%       $ !    &   &&  " !& & & ! !

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ardesty & Hanover, which ranked 11 on last year’s list, did not respond to this year’s survey. New York area includes New York City and Nassau, Suffolk and Westchester counties in New York, and Bergen, Essex, Hudson and Union counties in New Jersey. Crain’s New York Business uses staff research, extensive surveys and the most current references available to produce its lists, but there is no guarantee that these listings are complete. To qualify for this list, an engineering firm must have a New York area office and must have projects in the area. All information was supplied by the firms. Revenue figures are for fiscal years end- ing Dec. 31 unless otherwise noted. Revenue figures have been rounded to one decimal place. Rankings are based on unrounded numbers. n/d Not disclosed. 1-Full-service includes architectural services. 2-Full-time and full-time-equivalent licensed professional engi- neers, as of Dec. 31. 3-Fiscal year ends Sept. 30. 4-U.S. engineers only. 5-Date founded globally. Founded in the U.S. in 1957. 6-Fiscal year ends June 30. Research: Dana Gordon, Suzanne Panara, Callie Eidler and Amy Stern

PURCHASE THE FULL LIST OF THE NEW YORK AREA’S 25 LARGEST ENGINEERING FIRMS AND OTHER CRAIN’S BUSINESS LISTS @ WWW.CRAINSNEWYORK.COM/LISTS

April 16, 2012 | Crain’s New York Business | 19 20120416-NEWS--0020-NAT-CCI-CN_-- 4/12/2012 3:59 PM Page 1

REPORT REAL ESTATE

city has been aggressive in making struction of a Bronx rocks as haven incentives available for companies new $50 million willing to grow their workforce.” building on a site Among those who have done just nearby in Hunts Continued from Page 17 technology truck-maker, to reno- that is Simon Bergson, the founder Point, with the the Bronx Overall Economic De- vate and refit a 90,000-square-foot of Bronx-based distributor Man- help of $23 mil- velopment Corp., because it is “way building near Hunts Point to use to hattan Beer. For decades, the com- lion in tax ex- open for business.” assemble vehicles. pany leased 225,000 square feet in emptions. Just ask the owners at the sprawl- Port Morris.Facing a tripling in rent “The Bronx ing Hunts Point Produce Market. Not much to buy four years ago, Mr. Bergson ended was very wel-

They recently persuaded the city to With few buildings up for sale, up buying a 260,000-square-foot coming,” said green jason pony up $100 million to rehab the the average asking price in the building nearby from wholesale Richard SAVIN’ DOUGH: Dufour Pastry’s Judi Arnold (left) and Carla Krasner. facility—and prevent the whole- Bronx is $150 per square foot, ac- grocer Jetro Cash & Carry. He is Kirschner, the salers from decamping for Jersey. cording to John Reinertsen, an in- now spending $60 million to build a president of Similarly, rather than let dustrial broker with CBRE. On the distribution and warehouse facility Jetro, who will add 44 jobs. “Every- her company can employ at-risk FreshDirect slip across the Hudson, other hand, the borough boasts 23 with the aid of $24 million in tax ex- one helped us.” kids from the area. She notes that the city coaxed the online grocer to million square feet of leasable indus- emptions over 25 years from the city. Dufour Pastry’s Ms. Arnold is a Bronx officials have been very help- build a 500,000-square-foot head- trial space, with a vacancy rate at “This is our corporate headquar- fan, too, but she does have some re- ful, as they were when she had a quarters on a 16-acre parcel at the year-end 2011 of 6.8%,according to ters,and we wanted to be in the Bronx grets about leaving the meatpack- problem with a neighbor whose Harlem River Yards in exchange for CoStar data, which was low enough and to make the right choice to grow ing district. trucks were hogging the street. a whopping $128 million in tax to prevent rents from tanking along our company,”said Alex Bergson,the “We are in no man’s land,” she “We asked for help from the breaks and other benefits. Likewise, with the economy in recent years. founder’s son, who is Manhattan said. “There’s nowhere to eat except BOEDC, and the problem was $1.7 million in tax exemptions over “Leasing prices are where they Beer’s corporate sales manager. a little luncheonette, and there’s no solved in a few weeks,” she recalled. a decade helped lure Smith Electric were four years ago,” said Mr. Rein- Meanwhile, Jetro is plowing the drugstore around here.” “Would that ever happen in Man- Vehicles, a Missouri-based clean- ertsen.“Interest rates are low,and the proceeds of its property sale into con- Nonetheless, she’s pleased that hattan? I don’t think so.” Ⅲ

Deals LOOKING UP DOWNTOWN MARCH ’11 MARCH ’12 Startup wheels into ex-tire plant Leasing (thousands of SF) 230 470 Availability rate 13.2% 10.5% Aereo inks lease in a Brooklyn property velopment Co. The Avg. asking rent (PSF) $39.33 $40.00 asking rent was $33 Source: CBRE that most recently served as a telecom hotel per square foot. nology allows consumers to watch “Aereo was look- fast-growing startup broadcast television on Web- ing for a large, loft-like space with on Madison and Seventh avenues. will be moving into a enabled devices, has signed a five- light and air,” Mr. Moskowitz said. Annette Healey, the CBRE Group former telecom hotel in year lease for 19,300 square feet at “They saw the space and were set on Inc.broker who represented Charles downtown Brooklyn. 470 Vanderbilt Ave., between Fulton 91% occupancy, according to Louis it. The entire negotiation was Tyrwhitt, said the company is also Long Island City, Street and Atlantic Avenue. The Moskowitz of GFI Realty Services, smooth.” looking in the financial district. AQueens-based Aereo, whose tech- lease brings the property to roughly who represented landlord GFI De- Aereo, which launched its serv- “They like to be where,when you ice in New York City on March 14 look up, you see offices,” she said. and is backed by media mogul Bar- “Being in [residential] neighbor- ry Diller, declined to comment. hoods—that’s not for them.” Gary Kamenetsky, a broker at Jedd Nero and Robert Bonicoro, OPPORTUNITIES ARE ILLUMINATED CBRE Group Inc., represented also of CBRE,represented the land- Aereo. Mr. Moskowitz said the firm lord, Silverstein Properties. WHEN CONDITIONS ARE EXACTLY RIGHT will be moving into its new home, —adrianne pasquarelli the entire ninth floor,in a few weeks. GFI Development began reposi- tioning the long-vacant 660,000- Nonprofit The Aurora Borealis square-foot telecom hotel as an of- sees the light - The Northern Lights - fice building about four years ago, occur when highly and has now completed that effort. American Associates, Ben-Gurion Originally, the building was a tire University of the Negev inked a 12- charged ions trapped factory,and it later became a school. year lease for 10,100 square feet at by the Earth’s magnetic “The real estate market had gone 1001 Sixth Ave. through some challenging times, and The nonprofit,which raises funds field interact with we weathered them,” said Mr. for the Israel-based school named af- molecules, releasing Potential is maximized in an ideal atmosphere. Moskowitz, adding that he did not ter the country’s start marketing Aereo’s space until first prime minis- energy as visible light. With our vast resources, global expertise and last year.The property,which takes up ter, will occupy the deep local market knowledge, the professionals at an entire city block, is just down At- entire 19th floor. WeiserMazars light the path through a dynamically lantic Avenue from the future home The asking rent for changing business landscape. Let us provide the of the Nets basketball team, Barclays the space was $44 a professionalism, personal service and custom Center, which is part of the vast At- square foot. solutions, exactly right for your business. lantic Yards development. A renovation GFI Capital is the parent com- that included a Please contact pany of GFI Realty Services and new lobby and Douglas A. Phillips, CPA | Managing Partner GFI Development. new elevator cabs 866.203.1733 | [email protected] —amanda fung helped draw the www.WeiserMazars.com firm to the building,said Paul Walk- er, a CBRE Group Inc. broker who Sixth Ave. suits represented the nonprofit with col- menswear outfit league Joe Mangiacotti. Mr. Walker noted that the nonprofit liked the British menswear retailer Charles space because it allowed the organi- Tyrwhitt is expanding.The London- zation to be on a full floor that is based company recently signed a 10- flooded with light. year lease for 1,750 square feet at 1177 The building, which is owned by WeiserMazars LLP is an independent member fi rm of Mazars Group. Exactly Right. Sixth Ave.. The asking rent for the three families, was represented by space was $250 a square foot. ABS Real Estate Partners brokers ACCOUNTING | TAX | ADVISORY This will be the company’s third Douglas Regal and Jay Caseley. Manhattan location,following spots —theresa agovino

20 | Crain’s New York Business | April 16, 2012 CN014783 11/16/11 2:44 PM Page 1

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EVENT PUBLIC & LEGAL NOTICES ACG New York 5 Principles to Drive Notice of Qualification of 66-72 FORT Notice of Qualification of PEAK Notice of Qualification of 1000 Dean Notice of Qualification of 195 Organic Growth & Sales to Increase WASHINGTON LIMITED PARTNERSHIP. MANAGEMENT SERVICES LLC. LLC. Authority filed with NY Dept. of Broadway Property Manager LLC. Market Valuation Authority filed with Secy. of State of NY Authority filed with Secy. of State of State on 12/5/11. Office location: NY App. for Auth. filed Secy. of State of Sales is often the last undisciplined functional (SSNY) on 03/22/12. Office location: NY (SSNY) on 03/19/12. Office County. Princ. bus. addr.: 200 West St., NY (SSNY) on 3/5/12. Off. loc.: NY area. Many times there are easy solutions to NY County. LP formed in Delaware location: NY County. LLC formed in 15th Fl., NY, NY 10282. LLC formed County. LLC formed in Delaware (DE) sales problems that produce dramatic increases (DE) on 03/20/12. SSNY designated Colorado (CO) on 03/15/12. SSNY in DE on 11/30/11. NY Sec. of State on 3/1/12. SSNY designated as in organic sales productivity and revenue. as agent of LP upon whom process designated as agent of LLC upon designated agent of LLC upon whom agent of LLC upon whom process The presentation is designed to pinpoint and against it may be served. SSNY shall whom process against it may be process against it may be served and against it may be served. SSNY shall highlight immediate actions you can take to mail process to Corporation Service served. SSNY shall mail process to shall mail process to: c/o CT Corporation mail process to: c/o L&L Holding dramatically drive organic sales growth with Co. (CSC), 80 State St., Albany, NY c/o Corporation Service Co., 80 System, 111 8th Ave., NY, NY 10011, Company, LLC, 142 W. 57th St., NY, your current organization and/or portfolio 12207-2543. Name and addr. of each State St., Albany, NY 12207-2543. regd. agent upon whom process may NY 10019, Attn: Robert Lapidus. DE company. The presentation will also highlight general partner are available from CO addr. of LLC: c/o BetaWest, Ltd., be served. DE addr. of LLC: c/o The address of LLC: c/o Corporation best practices from world class sales organiza- SSNY. DE addr. of LP: CSC, 2711 1050 - 17th St., Ste. 350, Denver, Corporation Trust Co., 1209 Orange Service Company, 2711 Centerville tions like Oracle, Google, Xerox, Adobe, ADP, Centerville Rd., Ste. 400, Wilmington, CO 80265. Arts. of Org. filed with St., Wilmington, DE 19801. Cert. of Rd., Ste. 400, Wilmington, DE 19808. Comcast, Prudential, ADT, Thomson Reuters, DE 19808. Arts. of Org. filed with CO Secy. of State, 1700 Broadway, Form. filed with DE Sec. of State, 401 Arts. of Org. filed DE Secy. of State, Walgreens, Kimberly Clark that are surprising Secy. of State, State of DE, Div. of Denver, CO 80290. Purpose: Federal St., Dover, DE 19901. 401 Federal St., Ste. 4, Dover, DE easy to implement to drive organic growth. Corps., PO Box 898, Dover, DE Restaurant management services. Purpose: all lawful purposes. 19901. Purpose: any lawful activity. When: Friday, April 20, 2012, 7:30am-9:30am. 19903. Purpose: Real estate. Where: Tappan Hill 81 Highland Avenue Notice of Formation of HVRMINN ISLAND LLC, a domestic Notice of Formation of BARCLAIS Tarrytown, NY 10901. Notice of Formation of HH 81ST LLC. Arts of Org filed with Secretary LLC, Arts. of Org. filed with the SSNY ACCOUNTING SERVICES, LLC. General Price : $95 Member Price : $65 STREET LLC. Arts. of Org. filed of State of NY (SSNY) on 3/8/12. on 1/31/12. Office location: New York Arts. of Org. filed with Secy. of State Register at www.acgnyc.org with Secy. of State of NY (SSNY) on Office location: NY Co. SSNY County. SSNY is designated as agent of NY (SSNY) on 03/05/12. Office 9/2/11. Off. loc.: NY Cty. SSNY designated as agent of LLC upon upon whom process against the LLC location: NY County. Princ. office of designated as agent of LLC upon whom process may be served and may be served. SSNY shall mail LLC: One Grand Central Pl., 60 E. whom process against it may be shall mail process to The LLC at 262 process to: Jacqueline Kosofsky, 812 42nd St., 13th Fl., NY, NY 10165. served. SSNY shall mail process W. 38th St., #1204, New York, NY S. Beverly Glen, Los Angeles, CA SSNY designated as agent of LLC EXECUTIVE to: c/o Centaur Properties, LLC, 10018. Purpose: Any lawful activity. 90024. General Purposes. upon whom process against it may 609 Greenwich St., 4th Fl., NY, NY be served. SSNY shall mail process RECRUITER 10014. Purpose: any lawful activity. Name of LLC: SUPER V LLC. Art. of Org. NOTICE OF FORMATION OF Agnes to c/o Deborah A. Nilson, PLLC, 10 filed Dept. of State of NY on 10/27/2011. Jacobs Designs, LLC. Arts of Org E. 40th St., Suite 3310, NY, NY Notice of Formation of Evan A. Davis Off. Loc. in NY: New York Cty. Secy. filed with Secy of State of NY (SSNY) 10016. Purpose: Any lawful activity. POSITION AVAILABLE LLC. Arts. of Organization filed with of State designated as agent of LLC on 1/13/12. Office location: NY Secy. of State of NY (SSNY) on upon whom process against it may County. SSNY designated as agent FORDHAM FUND LLC Articles of Org. Immediate Sales 03/21/12. Off. loc.: NY Co. SSNY be served. Sec. of State shall mail a upon whom process may be served filed NY Sec. of State (SSNY) 3/26/12. designated as agent of LLC upon copy of process to: The LLC, 535 and shall mail copy of any process Office in NY Co. SSNY desig. agent Position Available: whom process against it may be Madison Avenue, 30th Fl., NY, NY against LLC to principal business of LLC upon whom process may be Looking for a motivated sales served. SSNY shall mail process to 10022. Purpose: any lawful activity. address: 333 E. 57th St, 13A, NY, NY served. SSNY shall mail copy of person who is a self-starter. the LLC, One Liberty Plaza, 45th 10022. Purpose: any lawful act. process to c/o Fordham University Floor, New York, NY 10006. Purpose: Notice of Formation of ANTACONPADA (GBA), 113 W. 60th St., NY, NY 10023, Must have insurance background. any lawful act or activity. LLC. Arts. of Org. filed with Secy. of BILL LEVITZ LLC, a domestic LLC. which is also the principal business 6 Figure income by 2nd year in State of NY (SSNY) on 3/15/12. Office Arts. of Org. filed with the SSNY on location. Purpose: Any lawful purpose. 02/22/2012. Office location: NY sales .Own your own book of Notice of formation of Cantor & Ding location: NY County. SSNY designated Ventures LLC. Arts of Org filed with as agent of LLC upon whom process County. SSNY has been designated NOTICE OF FORMATION OF LIMITED business. Offer Includes – Base Secy of State of NY (SSNY) on against it may be served. SSNY shall as agent upon whom process against LIABILITY COMPANY. NAME: 450 Salary + Commission with paid 3/19/12. Office location: NY County. mail process to: c/o Moses & Singer the LLC may be served. SSNY shall CEDAR VIEW LLC. Articles of mail process to: Ste 10X, 305 E. 24th training and benefits. SSNY designated as agent upon whom LLP, 405 Lexington Ave., NY, NY Organization were filed with the process may be served. PO address 10174, Attn: Daniel S. Rubin. St, NY, NY 10010. Reg Agent: William Secretary of State of New York Please email to which SSNY shall mail copy of Purpose: any lawful activity. Levitz, Ste 10X, 305 E. 24th St, NY, NY (SSNY) on 02/29/12. Office [email protected] process against LLC: 40 Morningside 10010. Purpose: Any Lawful Purpose. Location: New York County. SSNY Ave, #73, NY, NY 10026. Principal DANSKER CAPITAL,LLC Art. Of Org. has been designated as agent of the Notice of Formation of House of business address: 3610 Broadway, NY, Filed Sec. Of State of NY 02/29/2012. LLC upon whom process against it Ippolita LLC. Arts. of Org. filed with NY 10031. Purpose: any lawful act. Off Loc.: New York Co. SSNY desig- may be served. SSNY shall mail a Sec. of State of NY (SSNY) on PUBLIC & nated as agent upon whom process copy of process to the LLC, 450 East 5/27/05. Office location: NY County. JPM-LOUVALE HOLDINGS, LLC Art. against it may be served. SSNY to 83rd Street, Apartment 21D, New SSNY designated agent of LLC upon LEGAL NOTICES Of Org. Filed Sec. of State of NY mail copy of process to THE LLC c/o York, New York 10028. Purpose: whom process against it may be 09/19/2011. Off. Loc.: New York Co. Andrew Dansker, 222 W. 83rd St., For any lawful purpose. SSNY designated as agent upon whom Apt. 15F, New York, NY 10024. served and shall mail process to: c/o Notice of Qualification of 66-72 FORT Seno Jewelry LLC, 259 W. 30th St., WASHINGTON GP LLC. Authority process against it may be served. Purpose: Any lawful act or activity. Notice of Formation of Ten Lifestyle SSNY to mail copy of process to THE 10th Fl., NY, NY 10001. Purpose: any Management USA (New York), LLC. filed with Secy. of State of NY (SSNY) lawful activity. on 03/22/12. Office location: NY LLC C/O Law Offices of Mitchell J. NOTICE OF FORMATION OF Waverly Arts. of Org. filed with NY Dept. of County. LLC formed in Delaware (DE) Devack, Pllc, 90 Merrick Ave., Ste. & Co. LLC. Arts of Org filed with Notice is hereby given that a license, State on 3/15/12. Office location: NY on 03/20/12. SSNY designated as 500, East Meadow, NY 11554. Secy of State of NY (SSNY) on number 1261373 for Beer, Wine, and County. Sec. of State designated agent of LLC upon whom process Purpose: Any lawful act or activity. 1/19/12. Office location: NY County. Liquor has been applied for by the agent of LLC upon whom process against it may be served. SSNY shall SSNY designated as agent upon undersigned to sell Beer, Wine, and against it may be served and shall mail process to Corporation Service NOTICE OF FORMATION OF Artisan whom process may be served. The Liquor at retail in a restaurant under mail process to the principal business Co. (CSC), 80 State St., Albany, NY Promo LLC. Arts of Org filed with PO address to which SSNY shall the Alcoholic Beverage Control Law addr.: c/o Malcolm Berry, Ten Lifestyle 12207-2543. DE addr. of LLC: CSC, Secy of State of NY (SSNY) on mail copy of any process against at 117 West 57th Street, New York, Management USA (California), LLC, 2711 Centerville Rd., Ste. 400, 01/04/12. Office location: NY County. LLC: 2950 W 12th St., Ste 50, Erie, New York 10019 for on premises 795 Folsom St., Ste. 1038, San Wilmington, DE 19808. Arts. of Org. SSNY designated as agent upon whom PA 16505. Principal business consumption. 117 W. ENT. Corp. Francisco, CA 94107. Purpose: all filed with Secy. of State, State of DE, process may be served and shall address: 30 Christopher St., NY, NY d/b/a Angelo’s Pizza lawful purposes. Div. of Corps., PO Box 898, Dover, mail a copy of any process against 10014. Purpose: any lawful act. DE 19903. Purpose: Real estate. LLC to principal business address: NOTICE OF FORMATION AND Notice of Qual. of Signpost Capital 435 Central Park West Apt 4M, NY, Notice of Formation of PRIMARY CONVERSION OF EX & Co., LLC. Advisors, LLC, Auth. filed Sec’y of Notice of Formation of ICER T.A. LLC. NY, 10025. Purpose: any lawful act. VIOLATOR LLC. Arts. of Org. filed Certificate of Conversion filed with State (SSNY) 9/2/11. Office loc.: NY Articles of Org. filed with Secy. of with Secy. of State of NY (SSNY) on Secy of State of NY (SSNY) on County. LLC org. in DE 8/26/11. State of NY (SSNY) on 01/19/12. Notice of Formation of 30 East 20 02/22/12. Office location: NY County. 1/5/12. Office location: NY County. SSNY desig. as agent of LLC upon Off. loc.: NY Co. SSNY designated LLC. Art. Of Org. filed with SSNY Princ. office of LLC: c/o Primary SSNY designated as agent upon whom process against it may be as agent of LLC upon whom process 2/1/12. Office Location: New York Wave Music Publishing, 116 E. 16th whom process may be served and served. SSNY shall mail copy of against it may be served. SSNY County. SSNY designated as agent St., 9th Fl., NY, NY 10003. SSNY shall mail copy of process against proc. to 41 W. 58th St., Apt. 11A, NY, shall mail process to the LLC, c/o for process. SSNY shall mail a copy designated as agent of LLC upon LLC to principal business address: NY 10019. DE off. addr.: CSC, 2711 David Blumenthal, Esq., Robinson of any process to: The LLC, c/o whom process against it may be The Bank of New York Mellon, Centerville Rd., Wilmington, DE Brog, et al., 875 Third Ave., 9th Fl., Walter & Samuels, Inc., 419 Park served. SSNY shall mail process to Securities Dept., P.O. Box 11,003, NY, 19808. Cert. of Form. on file: SSDE, New York, NY 10022. Purpose: any Ave. South, New York, NY 10016. the LLC at the addr. of its princ. NY 10286. Purpose: any lawful act. Townsend Bldg., Dover, DE 19901. lawful act or activity. Attn: Mr. David I Berley. Purpose: To office. Purpose: Any lawful activity. Purp.: any lawful activities. engage in any lawful act or activity. Notice of Qualification of International Notice of Qualification of Direct Notice of Qualification of Agora AG Insurance Solutions LLC. Authority Notice of Qualification of Gogo LLC. Markets Media, LLC. Authority filed Notice of Qualification of FERTILITY Talent, LLC. App. for Auth. filed with filed with NY Dept. of State on Authority filed with NY Dept. of State with Secy. of State of NY (SSNY) on NUTRACEUTICALS, LLC. Authority Secy. of State of NY (SSNY) on 3/8/12. 3/21/12. NYS fict. name: International on 3/21/12. NYS fict. name: Aircell, 2/15/12. pOffice location: NY County. filed with Secy. of State of NY (SSNY) Office location: NY County. LLC AG Insurance Services LLC. Office LLC. Office location: NY County. LLC formed in Delaware (DE) on on 03/27/12. Office location: NY formed in Delaware (DE) on 3/7/12. location: NY County. Princ. bus. addr.: Princ. bus. addr.: 1250 N. Arlington 7/15/11. SSNY designated as agent County. LLC formed in Delaware (DE) SSNY designated as agent of LLC 125 W. 55th St., NY, NY 10019. LLC Heights Rd., Itasca, IL 60143. LLC of LLC upon whom process against on 03/24/11. Princ. office of LLC: 21 upon whom process against it may formed in DE on 6/28/11. NY Sec. of formed in DE on 1/31/07. NY Sec. of it may be served. SSNY shall mail E. 69th St., NY, NY 10021. SSNY be served. SSNY shall mail process State designated agent of LLC upon State designated agent of LLC upon process to: c/o Rodman & Renshaw designated as agent of LLC upon to: Corporation Service Company whom process against it may be whom process against it may be Capital Group, Inc., Attn: Legal, 1251 whom process against it may be (CSC), 80 State Street, Albany, NY served and shall mail process to: c/o served and shall mail process to: c/o Ave. of the Americas, 20th Fl., NY, served. SSNY shall mail process to the 12207, who is the registered agent of CT Corporation System, 111 8th Ave., CT Corporation System, 111 8th Ave., NY 10020, also the principal office LLC at the princ. office of the LLC. LLC upon whom process may be NY, NY 10011, regd. agent upon NY, NY 10011, regd. agent upon whom address. Address to be maintained DE addr. of LLC: 2711 Centerville Rd., served. DE address of LLC: CSC, whom process may be served. DE process may be served. DE addr. of in DE: 615 South DuPont Hwy, Ste. 400, Wilmington, DE 19808. Arts. 2711 Centerville Rd., Ste. 400, addr. of LLC: The Corporation Trust LLC: c/o The Corporation Trust Co., Dover, DE 19901. Arts of Org. filed of Org. filed with Secy. of State, State Wilmington, DE 19808. Arts. of Org. Co., 1209 Orange St., Wilmington, DE 1209 Orange St., Wilmington, DE with the DE Secretary of State, 401 of DE, DE Div. of Corps., 401 Federal filed with DE Secy. of State, 401 19801. Cert. of Form. filed with DE Sec. 19801. Cert. of Form. filed with DE Federal St., Ste. 3, Dover, DE 19901. St.- Ste. 4, Dover, DE 19901. Federal St., Ste. 4, Dover, DE 19901. of State, 401 Federal St., Dover, DE Sec. of State, PO Box 898, Dover, DE Purpose: any lawful activities. Purpose: Any lawful activity. Purpose: any lawful activity. 19901. Purpose: all lawful purposes. 19903. Purpose: all lawful purposes.

22 | Crain’s New York Business | April 16, 2012 nb16p22-24cl.qxp 4/13/2012 2:54 PM Page 23

PUBLIC & LEGAL NOTICES Notice of Qualification of ARC HUDSON FAIRFAX GROUP, LLC, Notice of Qual. of Daruma Capital Notice of Formation of Opportunity Notice of Qualification of SOVARNUM TPCANNY001, LLC. Authority filed Authority filed with the SSNY on Management, LLC, Auth. filed Sec’y Shoes LLC. Art. Of Org. filed with CAPITAL L.P. Authority filed with Secy. with Secy. of State of NY (SSNY) on 03/05/2012. Office location: NY of State (SSNY) 6/17/11. Office loc.: SSNY 3/23/12. Office Location: NY of State of NY (SSNY) on 02/28/12. 02/28/12. Office location: NY County. County. LLC formed in DE on NY County. LLC org. in DE 6/9/11. County. SSNY designated as agent Office location: NY County. LP formed LLC formed in Delaware (DE) on 01/07/2010. SSNY is designated as SSNY desig. as agent of LLC upon for process. SSNY shall mail a copy in Delaware (DE) on 01/31/12. Princ. 05/10/11. Princ. office of LLC: 106 agent upon whom process against whom process against it may be of any process to: c/o National office of LP: 11 Riverside Dr., Apt. 5PE, Jenkintown Rd., Jenkintown, PA the LLC may be served. SSNY shall served. SSNY shall mail copy of proc. Registered Agents, Inc., 875 Ave. of NY, NY 10023. SSNY designated as 19046. SSNY designated as agent of mail process to: C/O the LLC, Attn: to Att: David Gerber, 80 W. 40th St., the Americas, Ste. 501, New York, agent of LP upon whom process LLC upon whom process against it may Manish Thakur, Ceo 54 Thompson 9th Fl., NY, NY 10018. DE off. addr.: NY 10001. The registered agent of against it may be served. SSNY shall be served. SSNY shall mail process St, 4th Fl, NY, NY 10012. Address CSC, 2711 Centerville Rd., Wilmington, the LLC upon whom process against mail process to the Partnership at the to c/o CSC, 80 State St., 6th Fl., Albany, required to be maintained in DE: 2711 DE 19808. Cert. of Form. on file: it may be served is: National princ. office of the LP. Name and addr. NY 12207. DE addr. of LLC: 2711 Centerville Rd, Ste 400 Wilmington SSDE, Townsend Bldg., Dover, DE Registered Agents, Inc., 875 Ave. of of each general partner are available Centerville Rd., Ste. 400, Wilmington, DE 19808. Cert of Formation filed 19901. Purp.: any lawful activities. the Americas, Ste. 501, New York, from SSNY. DE addr. of LP: c/o DE 19808. Arts. of Org. filed with DE with DE Div. of Corps, 401 Federal NY 10001. Purpose: To engage in Corporation Service Co., 2711 Secy. of State, Div. of Corps., 401 St., Ste 4, Dover, DE 19901. M KLEIN PROPERTIES LLC, a any lawful act or activity. Centerville Rd., Wilmington, DE 19808. Federal St., Ste. 4, Dover, DE 19901. Purpose: Any Lawful Purpose. domestic LLC, Arts. of Org. filed Arts. of Org. filed with Secy. of State with the SSNY on 12/22/11. Office SAUCE PROPERTIES LLC, a domestic of DE, Dept. of State, Div. of Corps., Purpose: Any lawful activity. BLISS888, LLC, a domestic LLC. location: New York County. SSNY is LLC, Arts. of Org. filed with the SSNY John Townsend Bldg., Dover, DE Arts. of Org. filed with the SSNY on NOTICE OF FORMATION OF designated as agent upon whom on 2/3/12. Office location: New York 19901. Purpose: Any lawful activity. Twinbull Entertainment LLC. Arts 02/14/2012, name amended to: process against the LLC may be County. SSNY is designated as of Org filed with Secy of State of NY BLISS 888, LLC on 03/07/2012. served. SSNY shall mail process to: agent upon whom process against NOTICE OF FORMATION OF (SSNY) on 1/19/12. Office location: NY Office location: NY County. SSNY The LLC, 445 Park Ave., Ste. 1501, the LLC may be served. SSNY shall Dynamic Administration, LLC. Arts of County. SSNY designated as agent has been designated as agent upon NY, NY 10022. General Purposes. mail process to: The LLC, c/o Alan Org filed with Secy of State of NY upon whom process may be served whom process against the LLC may Fontevecchia, 721 5th Ave., Ste. 37A, (SSNY) on 2/3/12. Office location: NY and shall mail copy of any process be served. SSNY shall mail process NICHOLAS PATRICK PRODUCTIONS NY, NY 10022. General Purposes. County. SSNY designated as agent against LLC to principal business to: Constance S. Cassin, 58 W 58th LLC, a domestic LLC, Arts. of Org. upon whom process may be served address: 231 W 13th St #1, NY, NY St. Apt. 5B, NY, NY 10019. Purpose: filed with the SSNY on 1/20/12. AVENUE 3 CREATIVE GROUP LLC, a and shall mail copy of process against 10011. Purpose: any lawful act. Any Lawful Purpose. Office location: New York County. domestic LLC, Arts. of Org. filed with LLC to principal business address: SSNY is designated as agent upon the SSNY on 2/24/12. Office location: Name of LLC: Wordfix Ph.D. LLC. 247 W 30th ST., Ste 10R, NY, NY NOTICE OF FORMATION OF whom process against the LLC may be New York County. SSNY is designated 10001. Purpose: any lawful act. Meredith Henderson LLC. Arts of Org Arts. of Org. filed with NY Dept. of served. SSNY shall mail process to: as agent upon whom process against filed with Secy of State of NY (SSNY) State: 2/16/12. Office loc.: NY Co. Nicholas Patrick, 211 E. 10th St., Apt the LLC may be served. SSNY shall Notice of Formation of Robyn Kai on 1/27/12. Office location: NY Sec. of State designated agent of LLC 4, NY, NY 10003. General Purposes. mail process to: Christine Meyer-Oertel, LLC, Art. of Org. filed Sec’y of State County. SSNY designated as agent upon whom process against it may be 425 E. 51st St., #2C, NY, NY 10022. (SSNY) 11/3/11. Office location: NY upon whom process may be served. served and shall mail process to: c/o Notice of Formation of Half Irish LLC. General Purposes. County. SSNY designated as agent PO address to which SSNY shall Business Filings Inc., 187 Wolf Rd., Arts. of Org. filed with Secy. of State of LLC upon whom process against mail copy of process against LLC: Ste. 101, Albany, NY 12205, regd. of NY (SSNY) on 3/27/12. Office PERFECT JEWELRY LLC Articles of it may be served. SSNY shall mail 260 Riverside Dr. 9E NY, NY 10025. agt. upon whom process may be location: NY County. SSNY designated Org. filed NY Sec. of State (SSNY) copy of process to c/o Melinda Purpose: any lawful act. served. Purpose: any lawful act. as agent of LLC upon whom process 3/29/2012 . Office in NY Co. SSNY Cheng, 15 Bank St., NY, NY 10014. against it may be served. SSNY shall desig. agent of LLC upon whom Purpose: any lawful activities. Notice of Qualification of 166/75 THE SLATIN GROUP, LLC Articles of mail process to: The LLC, 259 1/2 process may be served. SSNY shall VENTURES LLC. App. for Auth. filed Org. filed NY Sec. of State (SSNY) West 21st St., Apt. G, NY, NY 10011. mail copy of process to 36 W. 44th Notice of Qual. of WorldQuant, LLC, with Secy. of State of NY (SSNY) on 3/5/12. Office in NY Co. SSNY desig. Purpose: any lawful activities. St., Ste. #801, NY, NY 10036. Auth. filed Sec’y of State (SSNY) 3/6/12. Off. loc.: NY Cty. LLC formed agent of LLC upon whom process Purpose: Any lawful purpose. 9/14/11. Office loc.: NY County. LLC in Delaware (DE) on 2/1/11. SSNY may be served. SSNY shall mail 326 WEST 89TH STREET LLC, a org. in DE 8/4/04. SSNY desig. as designated as agent of LLC upon whom copy of process to 255 W. 108th St., domestic LLC, Arts. of Org. filed with NOTICE OF FORMATION OF Albion agent of LLC upon whom process process against it may be served. SSNY #8A1, NY, NY 10019, which is also the SSNY on 12/29/11. Office location: International Marketing LLC. Arts of against it may be served. SSNY shall shall mail process to: c/o Argent the principal business location. New York County. SSNY is designated Org filed with Secy of State of NY mail copy of proc. to Att: Igor Ventures LLC, 551 Fifth Ave., NY, NY Purpose: Any lawful purpose. as agent upon whom process against (SSNY) on 4/27/11. Office location: NY Tulchinsky, 650 Fifth Ave., 32nd Fl., 10176. DE address of LLC: National Notice of Formation of ASC SALES & the LLC may be served. SSNY shall County. SSNY designated as agent NY, NY 10104. DE off. addr.: CSC, Corporate Research, Ltd., 615 S. IMPORTS LLC. Arts. of Org. filed mail process to: The LLC, 445 Park upon whom process may be served. 2711 Centerville Rd., Wilmington, DE DuPont Hwy., Dover, DE 19901. Arts. with Secy. of State of NY (SSNY) on Ave., Ste. 1501, NY, NY 10022. The PO address to which SSNY 19808. Cert. of Form. on file: SSDE, of Org. filed with DE Secy. of State, 05/20/11. Office location: NY County. General Purposes. shall mail copy of process against Townsend Bldg., Dover, DE 19901. Duke & York St., Dover, DE 19901. LLC: United States Corporation Purp.: any lawful activities. SSNY designated as agent of LLC Notice of Formation of Thyroid Purpose: any lawful activity. upon whom process against it may Agents, Inc. 7014 13th Avenue, #202, Cancer Care Collaborative LLC. Arts. Brooklyn, NY 11228. Princ business Notice of Qual. of Varna SPV I LLC, Notice of Qualification of Port be served. SSNY shall mail process of Org. filed with NY Dept. of State address: 245 E 63rd St, Apt 924, NY, Auth. filed Sec’y of State (SSNY) Imperial Racing Associates, LLC. App. to the LLC, 1220 N. Market St., Ste. on 3/12/12. Office location: NY NY, 10065. Purpose: any lawful act. 3/15/11. Office loc.: NY County. LLC for Auth. filed with Secy. of State of 808, Wilmington, DE 19801. County. Princ. bus. addr.: 10 Union Sq. org. in DE 11/4/10. SSNY desig. as NY (SSNY) on 2/10/12. Off. loc.: NY Purpose: Any lawful activity. East, Ste. 5B, NY, NY 10003. Sec. of NOTICE OF FORMATION OF “10 agent of LLC upon whom process County. LLC formed in Delaware (DE) Notice of Qual. of Signpost Capital, State designated agent of LLC upon FINGERS 10 TOES, LLC” Arts. of against it may be served. SSNY shall on 8/8/11. SSNY designated as agent LLC, Auth. filed Sec’y of State (SSNY) whom process against it may be Org. filed with the SSNY on 2/2/2012. mail copy of proc. to Att: Svetlana of LLC upon whom process against 9/2/11. Office loc.: NY County. LLC served and shall mail process to: Jack Office location: NY County. SSNY is Lee, 750 Lexington Ave., 23rd Fl., it may be served. SSNY shall mail org. in DE 8/26/11. SSNY desig. as A. Garraty, Jr., Esq., c/o Kelley Drye designated as agent upon whom NY, NY 10022. DE off. addr.: CSC, process to: 405 Lexington Ave., 48th agent of LLC upon whom process & Warren LLP, 101 Park Ave., NY, NY process may be served. SSNY shall 2711 Centerville Rd., Wilmington, DE Fl., NY, NY 10174, Attn: Mark J. against it may be served. SSNY shall 10178. Purpose: any lawful activity. mail process to c/o Corporate 19808. Cert. of Form. on file: SSDE, Coleman. DE address of LLC: c/o mail copy of proc. to 41 W. 58th St., Creations, 15 North Mill St., Nyack, NY Townsend Bldg., Dover, DE 19901. National Corporate Research, Ltd., 615 Notice of Qualification of 1000 Dean 10960. Purpose: any lawful activities. Purp.: any lawful activities. Apt. 11A, NY, NY 10019. DE off. addr.: SLL LLC. Authority filed with NY S. DuPont Hwy, Dover, DE 19901. Arts. CSC, 2711 Centerville Rd., of Org. filed with DE Secy. of State, Dept. of State on 3/12/11. Office Notice of Qualification of KENTREL NOTICE OF FORMATION OF Wilmington, DE 19808. Cert. of Form. location: NY County. Princ. bus. NYC LLC. Authority filed with Secy. of NesesCity LLC. Articles of 401 Federal St., Ste. 4, Dover, DE on file: SSDE, Townsend Bldg., Dover, 19901. Purpose: any lawful activity. addr.: 200 West St., 15th Fl., NY, NY State of NY (SSNY) on 01/24/12. Office Organization filed with the Secretary DE 19901. Purp.: any lawful activities. 10282. LLC formed in DE on 3/6/12. location: NY County. LLC formed in of State of NY (SSNY) on 2/27/12. Notice of Qual. of Daruma Ginkgo Notice of Qual. of Daruma Bodhi NY Sec. of State designated agent of Pennsylvania (PA) on 01/04/12. SSNY Office location: NEW YORK County. Fund, LP, Auth. filed Sec’y of State Fund, LP, Auth. filed Sec’y of State LLC upon whom process against it designated as agent of LLC upon SSNY has been designated as agent (SSNY) 6/15/11. Office loc.: NY (SSNY) 6/13/11. Office loc.: NY may be served and shall mail whom process against it may be upon whom process against it may be County. LP org. in DE 12/15/08. SSNY County. LP org. in DE 6/9/11. SSNY process to: c/o CT Corporation served. SSNY shall mail process and served. The Post Office address to desig. as agent of LP upon whom desig. as agent of LP upon whom System, 111 8th Ave., NY, NY 10011, PA addr. to c/o Kentrel, Inc., 820 which the SSNY shall mail a copy of process against it may be served. process against it may be served. regd. agent upon whom process may Springbrook Ave., Moosic, PA 18507. any process against the LLC served SSNY shall mail copy of proc. to Att: SSNY shall mail copy of proc. to Att: be served. DE addr. of LLC: 1209 Arts. of Org. filed with Secy. of the upon him/her is: 3400 12th Avenue, David Gerber, 80 W. 40th St., 9th Fl., David Gerber, 80 W. 40th St., 9th Fl., Orange St., Wilmington, DE 19801. Commonwealth, PA Dept. of State, Brooklyn, NY 11218. The principal NY, NY 10018. DE off. addr.: CSC, NY, NY 10018. DE off. addr.: CSC, Cert. of Form. filed with DE Sec. of Corporation Bureau, 401 North St., Rm. business address of the LLC is: 3400 2711 Centerville Rd., Wilmington, DE 2711 Centerville Rd., Wilmington, DE State, 401 Federal St., Dover, DE 206, Harrisburg, PA 17120. Purpose: 12th Avenue, Brooklyn, NY 11218 19808. Cert. of LP on file: SSDE, 19808. Cert. of LP on file: SSDE, 19901. Purpose: all lawful purposes. Plumbing and related services. Purpose: any lawful act or activity. Townsend Bldg., Dover, DE 19901. Townsend Bldg., Dover, DE 19901. Name/addr. of each gen. ptr. avail. at Name/addr. of each gen. ptr. avail. at SSNY. Purp.: any lawful activities. SSNY. Purp.: any lawful activities. Get connected with Crain’s New York Business. Notice of Qualification of ARC Notice of Qualification of ANDERSON WGBKLNY002, LLC. Authority filed GLOBAL MACRO LLC. Authority filed with Secy. of State of NY (SSNY) on with Secy. of State of NY (SSNY) on 02/28/12. Office location: NY County. 02/06/12. Office location: NY County. LLC formed in Delaware (DE) on LLC formed in Delaware (DE) on Promote your product or service to NY’s decision makers with an affordable 06/21/11. Princ. office of LLC: 106 01/17/12. Princ. office of LLC: 1745 business card size ad in our Business Connections section. Jenkintown Rd., Jenkintown, PA 19046. Broadway, 17th Fl., NY, NY 10019. SSNY designated as agent of LLC SSNY designated as agent of LLC Issue Dates for Business Connections: upon whom process against it may be upon whom process against it may Crain’s Fast Fifty (6/25), City Facts (8/27), & Book of Lists (12/24) served. SSNY shall mail process to be served. SSNY shall mail process c/o CSC, 80 State St., 6th Fl., Albany, to the LLC at the addr. of its princ. NY 12207. DE addr. of LLC: 2711 office. DE addr. of LLC: Corporation For more information on this powerful opportunity to showcase your business, Centerville Rd., Ste. 400, Wilmington, Service Co., 2711 Centerville Rd., call Joanne Barbieri at 212-210-0189 DE 19808. Arts. of Org. filed with DE Wilmington, DE 19808. Arts. of Org. Secy. of State, Div. of Corps., 401 filed with Secy. of State, Div. of or email Joanne at [email protected] Federal St., Ste. 4, Dover, DE 19901. Corps., PO Box 898, Dover, DE Purpose: Any lawful activity. 19903. Purpose: Any lawful activity. Let Crain’s New York Business help you secure new clients in 2012.

April 16, 2012 | Crain’s New York Business | 23 20120416-NEWS--0024-NAT-CCI-CN_-- 4/13/2012 3:34 PM Page 1

to have a much wider appeal,”said Print alive for the 1% Barry Lowenthal, president of ad Continued from Page 1 For all their ads for expensive cars, agency Media goods rose by double digits two corporate jets and high-priced Kitchen. “That’s years in a row,according to a Bain & watches, these magazines are spend- created an open- Co. 2011 report. And advertisers ing wisely. Having been through the ing for media love the way their products look on worst ad recession in memory,they’re companies that glossy paper. luxury publishers on a budget. talk exclusively to They also like magazines that feel None of them comes out month- this indulgent snobby and exclusive—an environ- ly, for instance, and most use exist- lifestyle.” ment that’s pure Hamptons,without ing resources. Style.com/Print,a re- Publishers that a whiff of the Jersey Shore. Ad rev- cently launched semiannual spinoff can reach a global enue for American Express Publish- of the Fairchild Web property, pulls LIFE’S GOOD AT THE TOP: ForbesLife, Bloomberg Pursuits and Du Jour will compete for luxury advertising. market are also ing’s Departures,which boasts distri- together fashion show coverage its finding new op- bution only to premium AmEx card staff has already gathered. portunities. Since holders, jumped 45% in 2011, and Bloomberg Pursuits, which may He also plans to get monthly dig- and the near-downfall in 2010 of more than half of Bloomberg termi- will be up 20% in the first half of this double its frequency next year to ital-only editions of Du Jour to Gilt Modern Luxury Media,which pub- nal subscribers are outside the Unit- year, according to the company. four issues, goes to all Bloomberg members via its daily sale reminder. lishes a string of high-end giveaway ed States, Bloomberg Pursuits can terminal subscribers. And the five- And the latest issue will always be titles, including Manhattan.The take advantage of the boom in luxu- Getting their fair share times-a-year ForbesLife continues to available on the website. company ended up being bought at ry spending overseas, particularly in Other publishers for the 1% want be -bagged with Forbes. “It’s very competitive out there,” a bargain price by Cumulus Media, Asia. some of that action. Mr.Binn,as befits a lone entrepre- Mr.Binn said,adding that he already which has turned it around. With its first issue, it brought “These are sophisticated pub- neur, has the most unique strategy. has 100 pages of ads booked for the new advertisers to the company, in- lishers, who have their finger on the Sticking to the controlled-circu- debut issue.“For me,the right answer Recession played a role cluding DeLeon Tequila and fash- pulse of the market,” said Reed lation approach he used for Gotham was finding strategic partners to get But the recession, in addition to ion designer Ermenegildo Zegna. Phillips, managing partner at De- and other titles at Niche Media,he’ll my advertisers in front of the right making publishers thrifty, also “We’re billing this as the first Silva + Phillips, a media investment mail Du Jour to a list he’s developed eyeballs in the top markets.” opened the door for magazines global lifestyle magazine,”said Pub- bank. “The fact that they’re all div- of 250,000 readers.In addition,he’ll Luxury titles have risen and fall- aimed at the ultra-wealthy. lisher Michael Dukmejian. Ⅲ ing in at the same time indicates that be offering a digital edition, via en before. Previous waves brought “A lot of brands that were fo- there’s going to continue to be a email,to the “top 3 million Gilt cus- the ill-fated launch of Condé Nast cused on the super-affluent before LISTEN to a discussion at strong rebound in luxury.” tomers,” he said. Portfolio, the short-lived Absolute the recession have figured out a way CrainsNewYork.com/podcasts

retailers like Tiffany’s and Pink and tower will be reborn with 700 rental two,one being a 30,000-square-foot The new king of FiDi restaurants like BLT Bar & Grill. units atop a hotel in the base building at 165 William St. which Last year, the area hit a new high floors—a first for the developer. he and his partners did flip in 2010 with the launch of Forest City Rat- for $6.1 million, a can’t-refuse 45% Continued from Page 3 story City Bank Farmers Trust ner’s Frank Gehry-designed, 76- An uncomfortable place above their purchase price. per Jay-Z’s Roc-A-Fella Records, Building at 20 Exchange Place to, story luxury rental at 8 Spruce St. He says he already has identified Mr. Berman makes it clear he and whose name—The Metro—he most recently, AIG’s former home. That shimmery tower redefined, on a hotel operator for the building— will run his business as he has always adopted for his own company. “Metro Loft perfected convert- a massive scale, the upper limits of an old stainless-steel AIG name- done,with as many functions as pos- “Nathan knows value when he ing office to residential,”said Khashy the entire downtown residential plate now hangs on his wall. But the sible being handled in-house.“Exe- sees it,” said Tony Fromer, a com- Eyn, chief executive of Platinum market. Penthouses there are going sheer scale of the building and the cution is faster and less expensive mercial real estate professional who Properties, a residential brokerage for as much as $60,000 a month,and effort to transform it have brought that way,” he said, noting that his has invested in several of Mr. that specializes in FiDi properties. studios for as much as $3,830. one unwelcome change: Mr. 30-employee firm takes care of all Berman’s projects, including 17 In particular, he noted, Mr. Berman As FiDi’s fortunes have risen, so Berman now finds himself in an un- leasing at his properties. Among John St.“He can see the silver lining has excelled in carving the maximum have Mr. Berman’s. When 17 John accustomed spotlight. those staffers are two relatively fresh in buildings.” amount of usable residential space— St. hit the market, apartments were “I like being under the radar,” he faces, his son Daniel, and daughter Having purchased 17 John, Mr. and rentable apartments—out of renting in the high-$30s per square said. “It’s a preferable position for Rebecca. They join Mr. Berman’s Berman sat back and waited for leas- quirky floor plates that weren’t de- foot. Today, rents are in the high- me.” brother Jack, who has been a part of es to expire and then began a conver- signed for it: “He has a real niche.” $50s. Later this month, he begins Going forward, he professes no the business from the start. sion process that ultimately yielded leasing his latest conversion, a 418- desire to convert properties to con- Mr.Berman says he has an eye on 111 apartments by 1999. Smart choice unit site down the street at 116 John, dos or to build from the ground up. properties beyond FiDi.As for him- It is a drill that he, with financial Make no mistake, Mr. Berman for as much as $60 per square foot. Rentals, he points out, require less self, he has no intention of living help from a circle of partners like has also benefited handsomely from Mr.Berman will now take the ex- cash and carry lower risk. anywhere but the Upper East Side, Mr. Fromer, has repeated seven his choice of neighborhoods. Over perience and income from all those He’s also no serial flipper. Mr. a location he chose just to take him- times since. His properties range the past decade,FiDi has blossomed efforts and apply them to 70 Pine St. Berman proudly notes that he still self away from his real estate hold- from a seven-story loft building at into a thriving residential commu- He is still working out the details, owns that first property he bought in ings. “If I lived there,” he said of 47 Ann St. to the landmarked, 59- nity. Today, it is home to high-end but it looks like the erstwhile AIG TriBeCa, and to date has sold just FiDi, “I’d just work all the time.” Ⅲ

PUBLIC & LEGAL NOTICES Notice of Formation of RTTB JSTERN REALTY LLC, a domestic NOTICE OF FORMATION OF Teton Notice of Formation of AJAV LLC. Arts. Notice of formation of FELIX, LLC TECHNOLOGY, LLC. Arts. of Org. LLC, Arts. of Org. filed with the Holdings, LLC. Arts of Org filed with of Org. filed with Secy. of State of NY Arts. of Org. filed with the Sect’y of filed with Secy. of State of NY (SSNY) SSNY on 3/7/12. Office location: Secy of State of NY (SSNY) on 3/2/12. (SSNY) on 02/21/12. Office location: State of NY (SSNY) on 2/9/2012. on 02/22/12. Office location: NY New York County. SSNY is designated Office location: NY County. SSNY NY County. SSNY designated as Office location, County of New York. County. SSNY designated as agent as agent upon whom process designated as agent upon whom agent of LLC upon whom process SSNY has been designated as agent of LLC upon whom process against it against the LLC may be served. process may be served and shall mail against it may be served. SSNY shall of the LLC upon whom process may be served. SSNY shall mail SSNY shall mail process to: the LLC, copy of process against LLC to mail process to Corporation Service against it may be served. SSNY shall process to Corporation Service Co., 156A E. 83rd St., New York, NY principal business address: Wm T Co., 80 State St., Albany, NY 12207- mail process to: The LLC, 27 Ludlow 80 State St., Albany, NY 12207-2543. 10028. General Purposes. Obeid, 200 Park Ave S, Ste 1305, NY, 2543. Purpose: Any lawful activity. Street, NY, NY 10002. Purpose: any Purpose: Any lawful activity. NY 10003. Purpose: any lawful act. lawful act. NOTICE OF FORMATION OF Notice of Formation of ORANGE U/Y LLC; Arts., of Org., filed with NY CleanStar Ventures LLC. Arts of Org Notice of Formation of PowerFill LLC. APARTMENT INVESTORS 4, LLC. Arts. Notice of Formation of Soho Mercer Sec. of State (“SSNY”) 11/22/11. filed with Secy of State of NY (SSNY) Arts. of Org. filed with Secy. of State of Org. filed with Secy. of State of NY Unit 21 LLC. Arts. of Org. filed with Office in New York County; SSNY on 3/12/12. Office location: NY of NY (SSNY) on 03/12/12. Off. loc.: (SSNY) on 03/07/12. Office location: Secy. of State of NY (SSNY) on designated agent for service of County. SSNY designated as agent NY Co. SSNY designated as agent of NY County. Princ. office of LLC: 360 2/22/12. Off. loc.: NY County. SSNY process with copy mailed to Pryor upon whom process may be served. LLC upon whom process against it Madison Ave., Ste. 1902, NY, NY designated as agent of LLC upon Cashman LLP, 7 Times Square, New The PO address to which SSNY shall may be served. SSNY shall mail 10017. SSNY designated as agent of whom process against it may be York, NY 10036, Attn: Howard Siegel, mail copy of process against LLC: process to the LLC, c/o Robinson LLC upon whom process against it may served. SSNY shall mail process to: Esq., As amended by Cert. of Amend., 156 Fifth Ave. Ste 1107 NY, NY Brog, et al., Attn: Russell W. Rosen, be served. SSNY shall mail process c/o Belkin Burden Wenig & Goldman, filed with SSNY on 11/23/11, the 10010. Principal business address: Esq., 875 Third Ave., 9th Fl., New to Edward D. Feldstein, Esq., 10 LLP, 270 Madison Ave., NY, NY name of LLC is Mystic Eyes LLC., All 156 Fifth Ave. Ste 1107 NY, NY York, NY 10022. Purpose: any lawful Weybosset St., 8th Fl., Providence, RI 10016, Attn: Aaron Shmulewitz, Esq. lawful business purposes. 10010. Purpose: any lawful act. act or activity. 02903. Purpose: Any lawful activity. Purpose: any lawful activity.

24 | Crain’s New York Business | April 16, 2012 20120416-NEWS--0025-NAT-CCI-CN_-- 4/13/2012 3:29 PM Page 1

FOR THE RECORD

● Department of Citywide Administrative The tenant, a doggy day care and spa, ● Loral Space & Communictions Inc. Services was represented by Grubb & Ellis. The (LORL) ABOUT THIS SECTION Seeks competitive sealed bids by 10 a.m. landlord, WM Wellington, was Michael B. Targoff, chief executive, FOR THE RECORD is a weekly listing of information from the public record that on April 26 for baby food, infant represented by Prudential Douglas president and vice chairman, exercised formula and nutritional supplements. A Elliman’s Joseph Aquino and Faith options on 93,750 shares of common can help businesspeople in the New York area find opportunities, potential copy of the bid can be downloaded from Hope Consolo. The asking rent was stock at $35.00 on March 29, in a new clients and updates on competitors. the City Record Online at http://a856- $220 per square foot. transaction worth $3,281,250. To ask questions or get more information on this section, contact Suzanne internet.nyc.gov/nycvendoronline/home Panara at [email protected]. .asp. Vendors may also request the bid by Avi L. Katz, senior vice president, contacting Vendor Relations via email STOCK TRANSACTIONS general counsel and secretary, exercised at [email protected], by options on 50,000 shares of common telephone at (212) 669-8610, or by fax Following are recent insider transactions at stock at $28.44 on March 29, in a at (212) 669-7603. New York’s largest publicly held companies transaction worth $1,422,050. The following listings are selected from the on April 24 for resurfacing with 2-inch filed with the Securities and Exchange most recent available filings by companies asphaltic concrete, installation of ● Department of Education Commission by executives and major ● CBS Corp. (CBS) seeking bankruptcy protection in the pedestrian ramps at designated streets, Seeks competitive sealed bids by 4 p.m. shareholders. Listings are in order of Joseph R. Ianniello, executive vice Southern and Eastern Districts of New and installation of new curbs with on April 24 for a contractor to provide transaction value.The information was president and chief financial officer, York. Information was obtained from U.S. sidewalks in Brooklyn, the Bronx all costs for rental and laundering of obtained from Thomson Reuters. exercised options on 110,000 shares of Bankruptcy Court records available on and Queens. A deposit of $35 made uniforms for the Office of School Food common stock at $5.20 between March Public Access to Court Electronic Records. payable to New York City Department warehouse staff. The vendor will pick up ● Ann Inc. (ANN) 26 and March 30, in a transaction worth Listings are in alphabetical order. of Design and Construction is required all soiled uniforms and replace them Katherine Lawther Krill, director, chief $572,000. During the same period, he to obtain contract plans and documents. with clean uniforms. The uniform executive and president, exercised sold 110,000 shares of common stock at ● 1661 St. Johns The deposit must be made in the consists of shirts, trousers, coats, vests, options on 149,900 shares of common prices ranging from $32.25 to $33.47, in 543 Bedford Ave., Brooklyn form of a company check, certified coveralls and jackets. For all questions stock at $22.27 between March 26 and a transaction worth $3,583,305. He now Filed for Chapter 11 bankruptcy check or money order only.To make related to the bid, contact March 27, in a transaction worth directly holds 98,909 shares. protection on April 6.The filing cites inquiries, contact Ben Perrone at [email protected]. $3,338,273. Between March 20 and estimated liabilities of $1,000,001 to $10 (718) 391-2200. March 27, she sold 164,900 shares of ● DealerTrack Holdings Inc. (TRAK) million and estimated assets of $1,000,001 common stock at prices ranging from Mark F. O’Neil, chairman, president and to $10 million. Among the creditors with ● Department of Design and Construction REAL ESTATE DEALS $27.93 to $29.48, in a transaction worth CEO, exercised options on 90,000 shares the largest unsecured claims are 191 Seeks competitive sealed bids by 11 a.m. $4,806,594. She now directly holds of common stock at $2.80 between Meserole USA, owed $13,000; On Time on April 25 for construction of storm Companies that would like to have details 323,045 shares. March 26 and March 28, in a transaction Fuel Inc., owed $12,603.86; and 1677 St. and sanitary sewers and appurtenances of their recent transactions appear in worth $252,000. During the same period, Johns Place, owed $3,500. on Peru Street and elsewhere on Staten these listings should email descriptions Gary Muto, president, LOFT Division, he sold 89,593 shares of common stock at Island. Bid documents are available at following this format to ELaermer@ exercised options on 65,417 shares of prices ranging from $29.91 to $31.08, in ● Ambassador Media Group www.nyc.gov/buildnyc. Bid documents crainsnewyork.com, with “Real estate common stock at prices ranging from a transaction worth $2,747,082. He now 245 W. 17th St., Manhattan are also available for a fee of $35 in the transaction” in the subject line, or enter $7.32 to $7.99 on March 28, in a directly holds 293,461 shares. Filed for Chapter 7 bankruptcy form of a company check, certified them online at crainsnewyork.com/ transaction worth $511,515. On the protection on April 6. The filing cites check or money order and can be picked submitadeal. Deals are listed in order of same day, he sold 65,417 shares of ● Vornado Realty Trust (VNO) estimated liabilities of $10,000,001 to up at 30-30 Thomson Ave., Queens. To square footage. common stock at $28.92, in a Joseph Macnow, executive vice president $50 million and estimated assets of make inquiries, contact Ben Perrone at transaction worth $1,891,860. He now and chief financial officer, sold 28,066 $1,000,001 to $10 million. Among the (718) 391-2200. COMMERCIAL directly holds 153,729 shares. shares of common stock at $83.12 on creditors with the largest unsecured ● Omnicom Group signed a lease for March 28, in a transaction worth claims are RR Donnelley & Sons Co., ● Department of Parks and Recreation 39,300 square feet at 195 Broadway.The ● Tiffany & Co. (TIF) $2,332,913. He now directly holds owed $2,991,650.87; Fry Communi- Seeks competitive sealed bids by 10:30 marketing and communications com- Michael Joseph Kowalski, chairman and 100,790 shares. cations Inc., owed $261,081.25; and a.m. on May 2 for construction of an pany will occupy the entire 17th floor. chief executive, sold 65,200 shares of Heller & Heller, owed $41,000. extension to Seba Playground, located Feld Real Estate’s Lee Feld represented common stock at prices ranging from ● Fortress Investment Group (FIG) east of Gerritsen Avenue, opposite Seba the tenant, while David Berkey of L&L $69.78 to $70.34 between March 26 and David B. Barry, independent director, ● Cross Island Plaza Inc. Avenue, in Brooklyn. Bid documents are Holding Co. represented the ownership, March 28, in a transaction worth purchased 400,000 shares of common 1 Cross Island Plaza, Queens available for $25 in the blueprint room, which includes Beacon Capital Partners. $4,566,807. He now directly holds stock at $3.48 on March 28, in a Filed for Chapter 11 bankruptcy Olmsted Center, Queens, from 8 a.m. to The asking rent was in the mid-$40s per 344,045 shares. transaction worth $1,390,000. He now protection on April 4. The filing cites 3 p.m. The fee is payable by company square foot. directly holds 549,969 shares. estimated liabilities of $10,000,001 to check or money order to the City of James N. Fernandez, executive vice $50 million and estimated assets of New York, Parks and Recreation. To ● ING Investment Management president and chief operating officer, ● Saks Inc. (SKS) $10,000,001 to $50 million. make inquiries, contact Juan Alban at International signed a 10-year lease for sold 18,457 shares of common stock at Stephen I. Sadove, chairman and chief (718) 760-6771 or 10,500 square feet at 230 Park Ave. prices ranging from $69.51 to $70.34 executive, sold 100,000 shares of ● Daytop Village Foundation Inc. [email protected]. Newmark Knight Frank’s Chris between March 26 and March 29, in a common stock at $11.64 on March 28, 104 W. 40th St., Manhattan Mongeluzo and Moshe Sukenik transaction worth $1,297,071. He now in a transaction worth $1,163,510. He Filed for Chapter 11 bankruptcy ● Department of Parks and Recreation represented the tenant, while Jordan directly holds 63,578 shares. now directly holds 816,733 shares. Ⅲ protection on April 5. The filing cites Seeks competitive sealed bids by 10:30 Berger represented the landlord, estimated liabilities of $10,000,001 to a.m. on May 15 for reconstruction of Monday Properties, in-house. The $50 million and estimated assets of HVAC and electrical systems at the Abe asking rent was in the high $60s per $50,000,001 to $100 million. Stark Rink, adjacent to the Coney Island square foot. DEALS ROUNDUP Boardwalk at West 19th Street in ● ● L.P. Julian Realty Brooklyn. A prebid meeting will be held Legends Hospitality Management TRANSACTION SIZE 1877 E. Ninth St., Brooklyn on Friday, April 20, at 11:30 a.m. at the signed a lease for 7,700 square feet at SELLER/TARGET (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE Filed for Chapter 11 bankruptcy site. Bid documents are available for $25 805 Third Ave. The tenant will occupy Not disclosed/ $600.0 Apollo Global Management GCI protection on April 3. The filing cites in the blueprint room, Olmsted Center, space on the 31st floor. The tenant was Talos Energy (Manhattan), Riverstone Holdings estimated liabilities of $1,000,001 to Queens, from 8 a.m. to 3 p.m. The fee is represented by CBRE Group Inc.’s (Manhattan) $10 million and estimated assets of payable by company check or money Scott Bogetti and Sacha Zarba, while Terra-Gen Operating Co. / $480.6 EverPower Wind Holdings Inc. SB M&A $1,000,001 to $10 million. The creditor order to the City of New York, Parks the landlord, Charles S. Cohen, was Terra-Gen Operating Co., (Manhattan) with an unsecured claim is Barone Steel and Recreation. To make inquiries, represented by Cushman & Wakefield’s Alta VI Wind Farm Fabricators, owed $200,000. contact Juan Alban at (718) 760-6771 or Bruce Mosler. The asking rent was $60 Capstone Equities $303.0 Individual Investors SB M&A [email protected]. per square foot. Capital Management (unknown majority stake) ● MMSH (Manhattan)/14 Wall 1257 Ocean Parkway, Brooklyn GOODS AND SERVICES ● Law firm Davis Shapiro signed a lease St. building (Manhattan) ● Filed for Chapter 11 bankruptcy City University of New York for 6,900 square feet at 414 W. 14th St. Calvert Investment $206.4 Spectrum Pharmaceuticals Inc. SB M&A protection on April 5. The filing cites Seeks competitive sealed bids by 11 a.m. The firm will occupy space on the fifth Management Inc., estimated liabilities of $1,000,001 to on April 26 for sources to furnish, floor. CBRE Group Inc.’s Laurence Warburg Pincus $10 million and estimated assets of deliver, install and maintain sound Briody represented the tenant. Matt (Manhattan), $1,000,001 to $10 million. equipment and ancillary services for the Bergey and Brad Gerla, also of CBRE, Perseus, OrbiMed Tribeca Performing Arts Center at represented the ownership, the Carlyle Advisors (Manhattan), Scopia Management Inc. Borough of Manhattan Community Group. The asking rent was $75 per (Manhattan)/ GOVERNMENT CONTRACT College. To make inquiries, contact square foot. Allos Therapeutics Inc. OPPORTUNITIES Leonore Gonzalez at (212) 220-8040 or Not disclosed/ $200.0 Senator Investment Group GCI [email protected]. RETAIL ENGS Commercial (Manhattan) ● Following are selected contract Potbelly Sandwich Shop signed a 15- Finance ● City University of New York 333 Park opportunities recently announced by New year lease for 1,700 square feet at DRA Advisors $70.0 DDR Corp. (remaining 50%) SB M&A York City agencies.To learn how to sell Requests proposals by 3 p.m. on April Ave. South.The retailer was represented by (Manhattan)/ goods and services to city government, visit 30 for prospective vendors to operate a Newmark Knight Frank Retail’s Remaining 50% www.nyc.gov/selltonyc. For a searchable limited food service kiosk/cyber café at Benjamin Birnbaum, Marc Frankel and stake in DDRA database of current procurement notices, LaGuardia Community College. The Jeffrey Roseman.The landlord, Zanel Tanasbourne Town visit www.nyc.gov/cityrecord. Listings are vendor shall provide food and beverages Properties, was represented by Robert K. Center and DDRA alphabetical by category and department. that will meet the dietary needs of the Futterman’s Sal Ferrigno.The asking rent Arrowhead Crossing college’s diverse population. To make was $120 per square foot. Selected deals announced for the week ended April 8 involving companies in metro New York. CONSTRUCTION SERVICES inquiries, contact Verneisha Martin or GCI: Growth capital investment represents new money invested in a company for a minority ● Department of Design and Construction ● Biscuits & Bath signed a 12-year lease stake. SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing Alan Drexler at (718) 482-5525 or shares of a company without the participation of a financial buyer. source: capitaliq Seeks competitive sealed bids by 11 a.m. [email protected]. for 1,000 square feet at 1035 Third Ave.

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series on the future of film. It is also $726 million in economic activity chooses Hollywood blockbusters adding a soccer tournament where for the city, according to Audience for its opening and closing nights. Tribeca wants to star entertainment executives from the Research & Analysis. This year the festival opens with the United States compete against in- Still, building Tribeca’s stature romantic comedy The Five-Year Continued from Page 3 Colfer; Yossi, an Israeli film about a ternational teams—an event that may take time. Josh Braun, co-presi- Engagement, starring Emily Blunt, will present this year, Tribeca hired closeted gay man; and First Winter, takes place at Cannes and the Toron- dent of Submarine,a film production and closes with Marvel’s The Frederic Boyer, former head of pro- about a group of new-age Brook- to Film Festival that is said to help and sales company,always represents Avengers, one of the biggest fran- gramming for the Directors Fort- lynites living in a remote country attract foreign movie executives. just two or three films at Tribeca,ver- chise films of the summer. night at the Cannes Film Festival,as farmhouse during a blackout. Film sus more than a dozen at Sundance, Mr. Gilmore said these movies its new artistic director. In addition, executives are already taking notice. Record attendance because there is less sales activity. create excitement for the festival Mr.Gilmore took a hands-on role in “The movies have better quality Last year, the festival attracted a Part of the problem, he says, is and help develop new audiences. developing the festival program. than in years past,” said Tom record 430,000 attendees. Ticket Tribeca’s timing. It comes just “One of my goals is to access a Genna Terranova, a former acquisi- Bernard, co-president of Sony Pic- sales are on track to equal 2011’s weeks before the May 16 opening of new generation and a range of peo- tions executive at The Weinstein tures Classics, who has his eye on a take. Tribeca executives would not Cannes,the granddaddy of festivals. ple,” Mr. Gilmore said. “We want Co., was promoted to director of number of films. “There will be disclose the festival’s budget—its “If it weren’t so close to Cannes, people to come see a headline title as programming. more business in the festival this revenue comes from ticket sales and Tribeca might evolve into more an entry point, and maybe while The team picked the films from year than ever before.” a large number of sponsors like buying activity,” said Mr. Braun. they’re here a documentary or for- a record number of nearly 6,000 The new programming team is- American Express and Bombay The festival also lacks focus. At eign film will catch their eye.”  submissions from across the globe. n’t the only change this year.The fes- Sapphire. Since its founding, the the same time that it shows esoteric It includes Struck by Lightning,writ- tival is launching a conference about festival has attracted 3.7 million at- indie films, it also runs community LISTEN to a discussion at ten by and starring Glee’s Chris film in the digital age, and a lecture tendees and generated more than programs for kids, and usually CrainsNewYork.com/podcasts

near. “I’m very proud of the organi- Sweden named Henrik Lundqvist the hockey book The Art of Scouting. Rangers’ turnaround zation,” Mr. Dolan told reporters. arrived,giving fans a reason to cheer Coach John Tortorella has al- “I’m particularly proud of Mr. for the first time in years. lowed the youngsters to play through Sather, because all the way back to This season, payroll is just under mistakes.He’s also been given a long Continued from Page 1 won’t come unless you have stars.’ I 2004 when things weren’t going so $62 million, before bonuses, accord- leash by management, which in the marking a stunning about-face, es- said, ‘The best thing is to finish last well and we had a lot of free agents ing to capgeek.com. In 2003, the past might have dumped a coach pecially for a team in New York, for three or four years and develop here … we decided to basically redo Rangers had 11 players earning more who failed to win a playoff series in where a win-now philosophy es- the team through draft picks.’ ” the strategy … going with kids and than $3 million; this year it had sev- his first three years in charge. poused by fans and media typically Mr. Sather credits one word— sticking with that philosophy even at en, says a USA Today salary database. The team’s new philosophy was makes rebuilding any sports enter- “patience”—as the key to the times when it didn’t look so good.” The team’s two highest-paid perhaps never more evident than in prise tough. Rangers’ turnaround. The team’s Kids, indeed.The average age on players, Brad Richards and Marian February, when the Rangers took a “The thing that makes the players are now drafted in their teens, the Rangers roster is just over 27, Gaborik, were stars signed as free pass on a potential trade for superstar Rangers story so good is it shows the and it takes resources to making it the seventh- agents, but the Rangers’ core was ac- Rick Nash because the Nashville value of management—of having a develop them. youngest in the NHL, ac- quired through adept scouting. Mr. Predators demanded too much plan for evaluating and acquiring “Developing a scout- cording to the website Del Zotto and fellow defenseman young talent in return. “It takes ex- talent,and how you bring that talent ing system and having quanthockey.com. The Marc Staal were first-round draft traordinary discipline to build from along,”said Robert Boland,an asso- the meetings we do costs team’s captain,Ryan Calla- picks; Artem Anisimov, Brandon this approach, particularly in a big ciate professor of sports manage- money,” he explained. han,is 27,and five of its top Dubinsky and Derek Stepan were market,” NYU’s Mr. Boland said. ment at New York University. “We have a rookie camp, six defensemen are 25 or second-round choices.Mr.Callahan It’s a discipline that Mr. Sather “What makes it unique is that most a summer camp and a under, including Michael was a fourth-round find—and Mr. and Mr. Dolan committed to years wide world photos wide /

New York teams and observers be- training center that has ap Del Zotto, 21, and Ryan Lundqvist has proven to be a steal in ago. In his January remarks, Mr. lieve that any franchise here has to every possible piece of GM Glen Sather McDonagh, 22. the seventh: 204 players were select- Dolan said he had struck a deal operate on a big-city, free-agency- equipment you can The youth movement ed before him.Top defenseman Dan with Mr. Sather in 2004, when driven model,where signing splashy imagine.” grew out of both the team’s long- Girardi went undrafted and was owner and manager made their players is the key to success.” Of course, owner James Dolan’s running failure to make the playoffs signed as a free agent. And Mr. Mc- youth commitment. He said he Ranger General Manager Glen buy-in has been key: “He comes to and a league-mandated cap on Donagh was pilfered from the Mon- gave Mr. Sather “something to seal Sather said that when he arrived in our scouting meetings in the spring, salaries that resulted from a labor treal Canadiens in return for Scott the pact,” and told his GM he New York in 2000, after more than and we talk about players,” Mr. lockout that canceled the 2004-05 Gomez and his hefty contract. couldn’t give it back until the team two decades with the Edmonton Sather said. “He knows what the season. “You look at what the Rangers won the Stanley Cup. Oilers, he inherited an aging team philosophy is, what the scouts’ atti- In the years before the work did over the last four or five years of Mr. Sather said last week that it’s without any real prospects. tudes are, but he doesn’t interfere.” stoppage, the Rangers’ payroll ap- slowly building their scouting de- “a mystery” to him what Mr. Dolan “We just didn’t have anything to Now that the results are coming, proached $80 million. But with a partment, putting more resources was talking about.But the reason for work with,” he said. “[Former the owner is downright giddy. In $39 million cap for the 2005-06 sea- into player development,and allow- the team’s success is clear: Patience Madison Square Garden Chief Ex- January, following a shutout victory, son, the team had to cut its payroll ing their scouting department to do has won and talent will out. Maybe ecutive David] Checketts was run- Mr. Dolan broke a six-year silence almost in half, making rebuilding their job without interference, it’s this spring, Mr. Sather will have to ning the organization and he told on the team to praise its rebuilding unavoidable. Shortly after play re- that mentality that’s made a differ- jog his memory,and Mr. Dolan may me, ‘This is New York and the fans and predict that a Stanley Cup is sumed in 2005, a young goalie from ence,” said Shane Malloy, author of get his “something” back. 

staircases to make it easier for people director of the Greenwich Village cluding lowering the rent—to lure Chelsea Market to bring their pets to work.Unable to Society for Historic Preservation. them in. accommodate any more tenants,Mr. The fate of the proposal will be Determined to add a butcher, for Phillips wants to expand the build- decided by the City Council— example, Mr. Phillips conducted a Continued from Page 1 driver that helped make the devel- ing itself, adding as many as 11 sto- which may make for interesting po- nine-month search that led to Dick- posed 330,000-square-foot office opment around here possible,” said ries.That would permit the total ten- litical theater, since the market sits son’s Farmstand Meats opening in and hotel expansion that the build- Michael Phillips, a managing direc- ant-employee head count to grow by in the district of a likely mayoral 2009.Owner Jake Dickson had nev- ing’s owner wants to construct atop tor at Atlanta-based Jamestown, about a third,to 4,000.The proposed candidate, City Council Speaker er started a retail shop,so Jamestown the roof. which owns properties all over the 125-room hotel would accommo- Christine Quinn. Last year, was crucial. It sprang for an expen- Last week, the clock started on country and is bolstering its local date the tourists already flooding the Jamestown agreed to various adjust- sive exhaust system and kitchen im- the city-review process required for portfolio with a deal to buy 325 neighborhood. ments in its plan,including reducing provements, and assisted in obtain- the extension. Owner Jamestown Hudson St. for an estimated $120 “The addition will allow us to the height by 20 feet.More compro- ing building permits. Property insists the success of million. “Adding the space [above continue incubating tech compa- mises are expected. “Mike saw potential and gave me Chelsea Market in recent years Chelsea Market] will also benefit nies,” Mr. Phillips said. Much has changed in the nine a massive opportunity,” said Mr. helped the neighborhood blossom the neighborhood by adding jobs.” years since Jamestown bought a 75% Dickson, who thinks the planned into a vibrant tech center, and that That’s not possible now. The The opposition weighs in stake in Chelsea Market. Industrial building expansion will only bring enlarging the property is needed now Chelsea Market building’s nearly 1 Detractors counter that with so tenants like Rose Brand Theatrical more customers. to spur more of the same. million square feet of office space is much vacant space available in the Canvas are gone, replaced by those Another of Mr. Phillips’ retail Community groups, however, full, with tenants that include the city, there’s no need to bulk up what tech companies drawn by the rela- finds isn’t so sure. Amy Thompson, are vowing to block the proposal to Food Network and Google. Mr. is already one of Chelsea’s largest tively cheap rents upstairs and the manager of cheese shop Lucy’s add new space that they contend is Phillips points out that his company properties. The low-slung building retail operation downstairs. Whey, fears that construction noise unnecessary and fear will only add to has spent large sums attracting just takes up the entire block between Jamestown puts a lot of time and and activity could push customers the area’s congestion. Yet both sides the sort of companies increasingly Ninth and Tenth avenues and West attention to its prized retail asset. away. But she is pleased with the agree on the huge importance of the seen as vital to the city’s future. 14th and West 15th streets. “We want to be a one-stop shopping market. “This is a community of trendy ground-floor retail market, Beyond making improvements in “They can’t say that businesses place for food,” said Mr. Phillips. awesome companies,” she said.  which continues to draw people the market,Jamestown has put satel- won’t come to New York unless [their He often picks the small,one-of- from near and far. lite dishes and cooling towers on the offices] are on top of Chelsea mar- a-kind shops that populate the LISTEN to a discussion at CrainsNewYork.com/podcasts “The market was an economic roof, and even installed dog-friendly ket,”said Andrew Berman,executive space. He makes every effort—in-

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9of10 U.S. employers find it difficult to fill key positions, despite high unemployment BUSINESS LIVES Source: Right Management HOT JOBS EXECUTIVE NO PUN INTENDED: INBOX As the New York Public Library’s periodicals librarian, Raymond DIRECTOR Pun fields research Anne Fisher OF ADMINISTRATIVE questions from anyone ENFORCEMENT & SPECIAL who asks. INVESTIGATIONS Interns are AGENCY Dept. of Social Services, future quality- Office of Child Support Enforcement assurance pros JOB DESCRIPTION Ensure that all IT ISN’T EVERY SUMMER NYS administrative child-support internship program that carries enforcement measures are the imprimatur of both a rock implemented star and the president of the MOST IMPORTANT TASK Assist in United States. This one does. prosecution of delinquent obligors SummerQAmp is part of CREDENTIALS NEEDED SummerJobs+, a White House Bachelor’s required; superior effort to encourage employers to management skills; knowledge hire and train disadvantaged of Family Court Act preferred young people “who might not SALARY Up to $145,000 ordinarily consider a career in technology,” veteran rocker Jon RECRUITER Internal Bon Jovi said recently. DOWNSIDE Weekend and Wait a minute—Jon Bon Jovi? evening hours, as needed Really? Well, yes. He’s been UPSIDE Helping families and active for the past couple of years children receive support in a task force called the White The Office of Child Support House Council for Community Enforcement plays a key role in Solutions, which aims to connect ensuring that noncustodial at-risk youth with training and job parents provide financial support opportunities. He’s also been for their children. busy recruiting Silicon Alley —SUZANNE PANARA entrepreneurs to get involved. One of those is Steve Martocci, cofounder of GroupMe, EXECUTIVE MOVES a group-chat mobile app launched in 2010 and sold to Russell Reynolds Skype a year later. “One of our Associates: Clarke investors introduced me to Jon. Murphy, 49, was We had dinner one night and just promoted to president

buck ennis started talking about the need for and chief executive at the executive search more young people to learn QA and assessment firm. GOTHAM GIGS [quality assurance] skills,” Mr. He was previously Martocci said. “It all came toge- global leader of the chief executive and ther into the SummerQAmp idea.” board services practice. Other New York tech Lightspeed Financial Inc.: Collin Carrico, luminaries backing the 42, joined the brokerage services firm as program chief institutional officer, a newly created He’s the Answer Man include Jason Baptiste, position. He was previously a principal at CEO of OnSwipe, and Kevin Greenmoor Financial Group. Haggard, vice president of quality Liazon Corp.: Michael Karp, 47, joined ‘I want On a typical day, Raymond Pun helps people find information on engineering at Gilt Groupe. the health insurance exchange as chief subjects ranging from videos of Kim Kardashian to phone books Although SummerQAmp is revenue officer. He was previously open to employers and young executive vice president of sales at Iron from pre-World War II Poland. As a periodicals librarian in the New everyone people (aged 18 to 24) nation- Mountain. York Public Library’s main branch on 42nd Street, the 26-year-old Rabin Martin: Bill to see wide, “New York is the epicenter,” Martin, 43, was fields research questions from lawyers, documentary filmmakers, Mr. Martocci said. “Our goal is to promoted to chief libraries students and numerous others. One visitor comes in every day to encourage companies to create executive at the public look through New York City newspapers from the late 19th century 1,000 internships where young health consulting for what people can get hands-on experi- firm. He will continue for boxing statistics. ¶ “People ask me random questions,” said Mr. ence with quality-assurance work, as president. TD Bank: Chris Giamo, they Pun, like how to find all the Arabic names in the Chicago phone and maybe choose it as a career.” 42, was promoted to regional president book. ¶ The Flushing, Queens, native became so passionate about For young people who want to for the metro New York and suburban really are’ the NYPL during a research seminar at St. John’s University that he explore a tech career, Mr. New York markets. He was previously Martocci said, “QA may be a regional president for suburban New dropped his law school plans and got a master’s in library science. less daunting starting point York, Long Island, Connecticut and Growing up with immigrant Chinese parents who spoke no English, than programming. Learning to central New Jersey. Horizon Media Inc.: Stan Fields, 51, Mr. Pun struggled with the language. Every day after school, he went code can be intimidating, but QA joined the media services agency as to the library to practice English. ¶ “People think the library is just is one way to ease into it.” executive vice president and managing this place to borrow books,” he said. “I want everyone to see libraries partner. He was previously executive ARE YOU HIRING any summer interns vice president and managing director at for what they really are: a powerful symbol of democracy and this year? Tell us at www.crains See EXECUTIVE MOVES on Page 29 civilization.” —miriam kreinin souccar newyork.com/execinbox.

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RÉSUMÉ REVIEW Pumping up city real estate Is your job search all it could be? We ask the experts. Housing Authority exec city better through development.At NYCHA, which has the largest NAME RYAN GILMAN will develop projects portfolio of homes in the country, I PROFESSIONAL EXPERIENCE get to apply what I like to do best.  New York Legal Assistance Group, to generate revenue May 2011 to present How did you get into housing? Volunteer Attorney I was originally into trains. After Consumer credit project, representing pro se clients BY AMANDA FUNG graduating from Williams College, for settlement negotiations and motions and drafting responsive pleadings I got my master’s in transportation  Office of Rep. Charles Rangel, Jan. 2011 to Sept. 2011 fter 14 years at real estate planning and engineering from Intern investment trust Avalon- Polytechnic University.That is how Constituent work for housing and Social Security as well as nonprofits Bay Communities, Fred I ended up at the Transit Authority.  Harris in February joined At the MTA,I got recruited by a de- Fordham Interdisciplinary Center for Family and Child Advocacy, Athe New York City Housing Au- veloper, Trotwood Corp., to build Sept. 2009 to June 2010 thority as its executive vice president the first phase of Queens West, the Fellow of development. He is charged with 522-unit Citylights. I spent seven Wrote memoranda regarding mandatory disclosure requirements for developing mixed-use and afford- years developing that building. attorneys and social workers able housing projects on city-owned EDUCATION land to gener- my challenges are not the same as What did you accomplish at AvalonBay?  Fordham University Law School, J.D., May 2009 ate revenue. the overall agency’s. I am looking at I established AvalonBay’s presence  University of Pennsylvania, B.A., political science and world history, May 2006 The agency is how real estate development can be in New York City as its local head of Résumé appears in condensed form. facing a $50 a solution to our problems. development. There I oversaw the MOVERS & million oper- development of more than 5,000 EXPERT ADVICE SHAKERS ating deficit Is this your first public sector job? apartments across the city. Mr. Gilman’s J.D., his bar admissions and different internship, temporary and a $7 bil- This is my third stint working in the and volunteer positions all qualify as significant capability-building when Fred lion backlog public sector. I was the director of What do you do for fun? integrated into a purposeful and market-focused presentation. Irrelevant in capital real estate at the Metropolitan I’m an avid bicyclist. For the past college activities and current interests are a distraction. An objective Harris projects and Transportation Authority in the two years I’ve ridden over 5,000 statement followed by an overview of his key capabilities and work experience focused on accomplishments rather than activities will repairs. 1980s and early 1990s. Before that, miles. I ride to work every day; even strengthen his résumé and candidacy for a more permanent position. in the 1970s, I was an engineer for in the winter. I have snow tires on — , director, Karp Resources Are you concerned about NYCHA’s the New York City Transit Author- one bike that can ride on ice. dick batten financial state? ity,right out of college.In one sense, To contact this candidate, email [email protected]. Though the operating deficit is a se- working for the public is what I like How many bikes do you have? To be featured, go to www.crainsnewyork.com/section/resume_review. rious issue and a constant concern, best. I love the idea of making the I’m embarrassed to say. Ⅲ

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Rome. law firm as an associate in the EXECUTIVE MOVES Baker & McKenzie: Julia Medynskaya, international and maritime litigation CORPORATE LADDER 38, was promoted to partner in the tax and ADR group. She was previously an Continued from Page 27 practice of the law firm. She was associate at Wilson Elser Moskowitz previously an associate. Edelman & Dicker. DESIGN ON INTERIORS MediaVest Worldwide. John Paek, 37, was promoted to partner. Carmen I. Pagan, 52, joined as an Gap Inc.: Elizabeth P.Meltzer, 46, joined BOB MAURER, 50, rejoined Benhar Office Interiors, He was previously an associate. associate in the real estate development the retailer as senior vice president, Gap Ruskin Moscou group. She was previously a real estate a contract furniture dealership, as chief operating international merchandising. She was Faltischek: Douglas J. associate at Cassin & Cassin. officer. In this role, he will be responsible for previously senior vice president, Good, 64, was La Mar Cebicheria: Michael Principe, overseeing the operations, project merchandising, U.S./EU, women’s appointed the law 46, joined the restaurant as director management and financial aspects of the product development, at Uniqlo. Skanska USA: Tom Tingle, 53, joined firm’s first general of operations for La Mar USA and firm. Mr. Maurer had worked for the company from counsel. He will interim general manager for La Mar the construction network as senior its formation in 2003 until June 2010, serving as continue as a senior NYC. He was previously director of food principal. vice president and national director partner in the and beverage for the Mondrian Soho. of its Sports Center of Excellence. He litigation department Link Group Inc.: Raj Selvadurai, 33, Most recently, Mr. Maurer was president of Maurer Associates, which was previously vice president for U.K.- and as a member of the employment law joined the legal placement firm as provided consulting services to various companies. Mr. Maurer received a based Intelligent Engineering. and corporate governance practice executive director. He was previously bachelor of arts degree in accounting from Rutgers University. STV: Christine groups. global managing director at Vault.com. —CALLIE EIDLER Flaherty, 36, was Blank Rome: Kate Belmont, 31, joined the —callie eidler promoted to vice president at the construction management firm. She was previously senior associate. Katz Radio: Rich Vicente, 34, was promoted to vice president and manager at the media sales and marketing firm. He was previously manager. Brock Davison, 28, was promoted to senior account executive. He was previously an account executive. Right Management: Bob Bellis, 50, joined the career management firm as Northeast regional vice president. He was previously senior vice president at Lee Hecht Harrison. Kellen Co.: Maria Ungaro,42,was BE FIRST promoted to vice president at the professional services company. She was previously executive director for New York Women in Communications. WGN America: Brian Carr, 56, joined the cable network as vice president, MORE OFTEN. strategic sales and planning. He was previously vice president, client strategy, at Viacom. WorkSpaces: Mindy THE MOST FIRST CLASS Williams-McElearney, 38, joined the office- furniture firm as SEATS FROM NYC. principal. She was previously director of business development at IA Interior Architects. Weil Gotshal & Manges: David Yohai,42, was promoted to law firm’s co-head of the complex commercial litigation group. He was previously a partner in the complex commercial litigation group and co-chair of the insurance practice. John H. Cobb, 44, joined as a partner in the capital markets group. He was previously chair of the leveraged finance practice at Dewey & LeBoeuf. Christopher L. Garcia, 38, joined as a litigation partner and member of the securities litigation and white-collar defense and investigations practices. He was previously chief of the securities and commodities fraud task force at the U.S. Attorney’s Office for the Southern District of New York. Samaa Haridi, 36, joined as a partner. She was previously a partner at Crowell & Moring. Kathleen O’Connor, 46, joined as a partner. She was previously a partner at Dechert. Diane P.Sullivan, 49, joined as a partner. She was previously a partner at Dechert. Tannenbaum Helpern Syracuse & Hirschtritt: Gerard F.Diebner, 57, joined the law firm as a partner in the intellectual-property practice. He was previously a partner at Troutman Sanders. Lloyd Shor, 72, joined as senior counsel. He was previously a partner at Blank

EXECUTIVE PROMOTIONS DELTA.COM The fastest way to get an announcement into Crain’s is to submit online. Fill out the form at www.crainsnewyork.com/section/ executive_moves. The Executive Moves column is also available online.

April 16, 2012 | Crain’s New York Business | 29 20120416-NEWS--0030-NAT-CCI-CN_-- 4/13/2012 3:35 PM Page 1 chemex / INSATIABLE CRITIC NETWORKING RECEPTIONS flickr.com Gael Greene WEDNESDAY, APRIL 25 THE Wells Fargo will host the NETWORKING AND BUSINESS CARD EXCHANGE, an evening of networking and connecting WEEK with other professionals in the Manhattan area. The event will be held Ducasse’s Benoit at 49 Rockefeller Plaza, West 51st Street between Fifth and Sixth AHEAD avenues, from 6 p.m. to 8 p.m. For more information and to register, visit comes of age APRIL 23-29 www.manhattancc.org. CULTURAL EVENTS CONFERENCES AND MONDAY, APRIL 23 Chef Bertineau SEMINARS THE ACADEMY OF MOTION PICTURE ARTS TUESDAY, APRIL 24 AND SCIENCES will celebrate the 65th WHAT HE’S obsesses, and the Join the Entrepreneurs Club of the anniversary of Gentleman’s Agreement Swedish-American Chamber of with a screening. The film tells the WATCHING results are compelling Commerce New York for a panel on story of a journalist who adopts a BRANDING A STARTUP. The panel will Jewish identity to expose anti-Semitism THIS IS A BUSY TIME of year for was hungry to eat French. discuss the dos and don’ts of branding in post-World War II America. The David Lawenda, president of Not modernist French. I was and will allow for listening and screening will take place at the Acade- interaction with experts in the field of my Theater, 111 E. 59th St., at 7 p.m.; advertising sales and marketing thinking classic. Alain at Univision Communications. Ducasse’s Benoit New York creative branding. The panel will take doors open at 6:30 p.m. Tickets are $5 He’s getting ready for next struck me as the obvious place at 250 Hudson St., from 6 p.m. to for the general public and $3 for Acad- 8 p.m. Tickets are $30. To order tickets, emy members and students with a valid month’s upfront presentation, choice. I buck ennis please visit www.eventbrite.com. ID. Tickets maybe purchased online at where he’ll be telling advertisers Some people rescue stray cats. RAY BON: Skate on smashed potatoes www.oscars.org or at the box office why they should spend more Alain Ducasse has a weakness for ag- WEDNESDAY, APRIL 25 prior to the event. For information, visit ing bistros. Join Ajax Union for a seminar on the website or call (212) 821-9251. money next season on the He launched his collection with BENOIT FACEBOOK AND LINKEDIN. The seminar Spanish-language network’s Aux Lyonnais in Paris,preserving the 60 W. 55th St. aims to teach attendees everything they MONDAY, APRIL 23 shows, like the hit telenovelas artery-defying sausagerie of Lyons.A (646) 943-7373 need to know about promoting their The Brooklyn Academy of Music will Abismo de Pasión and La Que No year later, he bought the limping 93- www.benoitny.com businesses on Facebook and LinkedIn. host “ICONIC ARTIST TALK: BILL T. JONES,” Podia Amar. year-old Benoit, in the fourth ar- The seminar will take place at the as part of its 150th anniversary But recently he found himself Brooklyn Networking Center, 2233 celebrations. As a BAM artist since addicted to a different kind of rondissement. Then, in 2007, when Nostrand Ave., third floor, from 6:30 1983, Mr. Jones has explored themes of Jean Jacques Rachou abandoned his CUISINE French p.m. to 8 p.m. Tickets are $25. To order identity, form and social commentary series: the Showtime spy thriller Brasserie LCB on West 55th Street, Homeland, starring Claire Danes. PRICE RANGE $24 to $39 tickets and for more information, please and has become an innovator in modern Ducasse rode to the rescue, and in- visit www.eventbrite.com. dance and theater. Mr. Jones will Having missed the show when it serted an outpost of Benoit. He’s SERVING Lunch, dinner, brunch examine his artistic vision with Thelma originally aired last fall, Mr. THURSDAY, APRIL 26 Golden, director and chief curator of nursed the place along through its ups RESERVATIONS Advised Lawenda spent a week staying and downs. I recall the Paris-Brest Join the Manhattan Chamber of The Studio Museum in Harlem.The up late every night to watch all pastry at the end of a wonderful din- NOISE LEVEL Lively Commerce Foundation and the event will take place at BAMcafé, 30 Consolidated Edison Green Team for Lafayette Ave., at 7 p.m.Tickets are 12 episodes. ner just months before Chef Philippe I can’t wait to return. the TRANSPORTATION TRANSFORMATION $20.To get more information and to “Without a doubt, it’s one of Bertineau moved in. “We need this I will definitely go back. GLOBAL SUMMIT. The summit will purchase tickets, call (718) 636-4100 or the best English-language TV Frenchness,”I thought.It hasn’t been feature a keynote from a prominent visit www.bam.org. series since The Sopranos,” he often that Ducasse and I agree. I’ll let them simmer awhile. transportation specialist, panel —callie eidler said. “I’m counting the days until The room has been opened up NO HATS Never again. discussions and remarks from local and suzanne panara the new-season premiere.” since my last visit, and it’s full on a politicians. This event will take place at the NYIT Auditorium, 1871 To view Crain’s classified events listings, —MATTHEW FLAMM Saturday night. There are the same go to www.crainsnewyork.com/events puffy Ducasse gougères and good transporting.We could be in France. Broadway, from 7:30 a.m. to 6:30 p.m. bread in a red cotton cozy.Dare I or- Knowing that Bertineau has been The cost to register is $25 for Manhattan Chamber of Commerce der pig’s feet and cassoulet, too? A crowned New York’s “Ambassador of members and $75 for nonmembers. To salad seems more prudent. My fa- Cassoulet”by his confreres in France, get more information and to register, vorite country-style frisée arrives, I must taste his version.It comes in an call (212) 473-7805 or visit bathed in bacon fat, with a thunder- orange enamelware pot.I opt to serve www.manhattancc.org. storm of crisp bacon lardons under myself a chunk of duck confit, a pork its perfect poached egg.Perfect for a sausage, a bit of fatty bacon and giant THURSDAY, APRIL 26 woman in denial. tarbais beans. It’s very good, but alas, Tannenbaum Helpern Syracuse & Hirschtritt will host OFFICE AND RETAIL My guy is having his third onion the miraculous cassoulet of Christian LEASING: EXIT AND EXPANSION soup in a week.This one could be the Delouvrier at La Mangeoire is cloud- STRATEGIES. This free breakfast seminar prototype—flawlessly correct—an ing my memory. will focus on exit and expansion oniony broth, a measured sog of Bertineau is either an obsessive- strategies in an uncertain economy. country bread, the Gruyère crusty on compulsive or just plain obsessed.He Seminar speakers will offer insight into the edges, submissive in the middle. struck the larder like a whirling the lease provisions negotiated to allow Bertineau added neat crouton cha- dervish, changed the butter (“It tenants flexibility, and the key concerns peaux atop garlicky escargots, perfect comes from Vermont now”), and for both landlords and tenants.The for dunking in buttery green puddles. found a new source for bread, finish- seminar will take place at 900 Third Our friend Harriet is not happy at ing the half-baked loaves before serv- Ave., 13th floor, from 8:30 a.m. to 10 a.m.To register, call (212) 702-3147 or PICK OF THE WEEK all with the miniature hors d’oeuvre ice so they will be fresh at dinner. He visit www.thsh.com. tasting. It works with the marvelous brought his popular twice-baked up- THE BROOKLYN BOTANIC GARDEN celebrates cherry melting leeks vinaigrette,and I’m sure side-down Comté cheese soufflé and THURSDAY, APRIL 26 it would be fine for lentils,maybe even warm chicken salad from Payard. He Massey Knakal Realty Services presents blossom season with Sakura Matsuri, a weekend-long the rillettes, but an inch and a half of introduced the Classic of the Month, the second annual COMMERCIAL REAL festival featuring traditional and contemporary Japanese short rib parmentier is silly, and pig’s choucroute in January, veal blan- ESTATE INVESTMENT SUMMIT. Speakers culture, music and arts. Festival-goers will have the feet served in small poker-chip-size quette in February, aïoli in July. will examine the dynamics of the ever- discs, a cruel joke. Where is the The Ducasse gougères require a changing marketplace and will discuss opportunity to enjoy tea ceremonies, Taiko drumming, crumb-crusted fist-size patty of ge- financing, investment, development, martial arts, origami workshops and more. great Comté cheese.“Ducasse tastes and office, retail and hotel property The festival will latinous bones and melting flesh we them whenever he comes to be sure segments. The event will take place at take place at the Garden, 900 Washington Ave., from 11 envisioned and lusted after? “Maybe they are right. Of course, Ducasse the New York City Bar Association, 42 a.m. to 6 p.m. each day. Tickets are $15 for adults and $10 I’ll do it as a classic of the month,”the tastes everything,” Bertineau says. W. 44th St., from 8 a.m. to 5 p.m. The chef muses when I complain later. Ducasse told him recently: “I think cost to register is $495. To register, for students and seniors. For more information, call He serves his meticulously seared you’re getting there. We’re on the call (646) 862-6136 or visit (718) 632-7200 or visit www.bbg.org/discover/cherries. day-boat scallops with Manila clams right road.” I agree, it’s definitely on www.mkcresummit.com. and broccoli rabe. I love broccoli the right road. Just a few little pot- rebecca bullene rabe, but its bitterness fights the holes to fix. sweet seafood. Skate is everywhere MON. TUES. WED. THURS. FRI. SAT. SUN. these days. Tonight’s is special, its Copyright © 2012 by Gael Greene. 4.23 4.24 4.25 4.26 4.27 4.28 4.29 lemony smashed potatoes instantly Syndicated by www.insatiable-critic.com.

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THE CHEAT SHEET Book publishers had a rocky WEEK week. They were charged with e-book price-fixing. Barnes & ON THE Noble had a lousy week, too. WHO GOT SUED? The book publishing WEB world was shaken to its retailing core last week when the Justice APRIL 9-15 Department charged five major publishers and Apple with fixing e- CRAINSNEWYORK.COM book prices. Three publishers settled, and the remaining two and Apple opted to fight on, but the book-selling Avon calls on new chief landscape—and the balance of power between Amazon.com and everyone else—appears permanently changed. von must be blushing from all the WHY SUCH A BIG DEAL OVER E-BOOK PRICES? The government’s attention it’s been getting lately. antitrust suit begins with publishers’ attempts in 2010 to break Amazon’s near-monopoly on e-book sales. The e-tailing giant was Early last week, the cosmetics selling Kindle editions at a loss—charging $9.99 for books that A Sherilyn McCoy seller announced that wholesaled for $12 to $15—to spur sales of its e-reader and build (right), a longtime Johnson & market share. Believing Amazon was stifling competition, publishers Johnson executive, will replace made deals with Apple, for its new iBookstore, that established a higher standard price. Amazon was forced to take the same terms. Andrea Jung as its chief, effective April 23. On top of her $1.2 million WHAT’S BEEN THE OUTCOME OF THE SUIT SO FAR? Hachette Book Group and HarperCollins, while stating that they did not collude, base salary, she received a $1.9 chose to avoid the legal fight and settled, as did Simon & Schuster. million signing bonus and restricted shares worth $4.4 million. ¶ Even as the company lays its Macmillan, Penguin and Apple will have their day in court. (Random own plans for change, others are plotting their own vision for Avon. Fortune magazine House was not part of the suit.) Amazon has announced it will lower its reported that Richmont Holdings, once Avon’s biggest stockholder, is structuring an offer to e-book prices—and Barnes & Noble’s stock has taken a beating. buy the company.The amount of the offer was not immediately disclosed, but the news WHAT COULD BE THE LONG-TERM OUTCOME? Publishers and the surfaced about a week after Avon rejected a $10 billion takeover offer from a smaller beauty Authors Guild argue that the pricing arrangement with Apple fostered products maker, Coty Inc. ¶ Avon, whose domestic sales have long been slipping, has been in competition, and helped Barnes & Noble’s Nook and Apple’s iPad gain Securities and Exchange significant e-book market share. They now worry that Amazon will need of a makeover since October 2011.That’s when the once more undercut the market and gain monopolistic control. Commission began investigating the company’s contact with financial analysts in 2010 and Consumers have praised the settlement, saying it will lower prices. 2011. ¶ Ms. Jung, who became CEO in 1999, will remain on board as chairman. —matthew flamm APRIL SHOWERS BRING … A FLOOD OF REAL ESTATE PURCHASES? The month started out well enough with the purchases of three Fifth Avenue con- dos for more than $20 million apiece. Then a Ukranian billionaire plunked down $303 million—cash—for the 1 million-square-foot office building at 14 Wall St. Brokers must’ve popped a few corks over those deals. ... AOL’S NEW YORK’S #1 SMALL BUSINESS CONVENTION CHECK IS IN THE MAIL. Sure, AOL thought selling 800 patents to Microsoft for more than $1 billion might save the struggling company, but one of its in- NOW 2 DAYS vestors, Starboard Value, said it’s not enough. It still hopes to put five direc- tors on AOL’s board in part because, Starboard officials said, AOL’s display- advertising business is losing more than $500 million a year, and hyper-local Patch is “draining” resources. ... HAKUNA MATATA, PHANTOM OF THE OPERA. The Lion King has swiped the title of all-time highest-grossing show from the 200200 BB2B2B EEXHIBITSXHIBITS longest-running show in Broadway history.The Disney production has earned $853.8 million, compared with Phantom’s $853.1 million. Finally, some good UNLIMITEDUNLIMITED NNETWORKINGETWORKING news for Lion King director Julie Taymor, who has lately been tangled in a web of lawsuits related to Spider-Man:Turn Off the Dark....THE OUTER BOROUGHS MAY 2 - 3 | www.EventManagement.org

ARE GETTING A LIFT. The city announced Business Improvement Districts for Presented by four manufacturing neighborhoods: on the west shore of Staten Island and in Newtown Creek in Brooklyn, Long Island City in Queens and Eastchester in the Bronx. BIDs have helped transform the likes of Times and Union squares; now the city hopes they boost industrial areas. ... KIDS THESE DAYS. A recent study by Boston’s Innerscope Research found that “digital natives”— that is,people in their 20s—switch media venues about 27 times per hour when they are not at work. That raises the bar for creativity among advertisers who need to find new ways to pitch products to their viewers. ... THE MAYOR “STANDS HIS GROUND.” Mayor Michael Bloomberg announced a national campaign to repeal “shoot first” laws, like the one blamed in the shooting death of Florida’s Trayvon Martin. —emily laermer HOORAY! OY VEY! THE TIMES, DISASTER FREE 1-DAY XPO PASS | PROMO CODE: CRAINS1 THEY ARE A- TOURISM boomed CHANGIN’. Online during the startup Eventup will centennial of the Presenting Media: offer for special-event Titanic tragedy. Some rentals the former 700 souls tempted homes of Bob Dylan fate by retracing part and Katharine of the doomed Event Partners: Hepburn. vessel’s voyage.

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