20130422-NEWS--0001-NAT-CCI-CN_-- 4/19/2013 6:31 PM Page 1 REPORT GREEN NYC Sustainability is in fashion FPO for retailers CRAIN’S® PAGE 13 NEW YORK BUSINESS VOL. XXIX, NO. 16 WWW.CRAINSNEWYORK.COM APRIL 22-28, 2013 PRICE: $3.00 Big events mull ways MILITARY STANDOUTS : Veterans Michael Larson and Phoebe Gavin have traded fatigues for business to tighten casual but say employers don’t know what to make of security their skills. After Boston, races, parades and festivals want to beef up, but not all have the cash BY LISA FICKENSCHER AND ADRIANNE PASQUARELLI Less than 24 hours after the bombs ex- ploded at the Boston Marathon last week, Dan Biederman, president of Bryant Park Corp., was meeting with his security director and outlining ways to dramatically ramp up safety measures. “We will be conducting various an- titerrorist activities,” Mr. Biederman said, adding that he wants to double the security budget for all events. The midtown park’s popular summer movie festival has NUMBER4,994 OF PERMITS issued had bomb-sniffing for street fairs and dogs, bag checks block parties in and extra guards for 2012. That’s 195 the past three more than in ’08 years—now every activity there might have the same degree of vigilance. A week after the Boston attack, New York City remains on guard. Of- ficials who manage large public spaces, as well as organizers responsible for the protection of tens of thousands of peo- ple attending races, parades and festi- vals in the Big Apple,are re-evaluating plans and procedures—often with ex- pectations of higher financial costs. Uniform distress Some companies hosting outdoor festivals expect to tack on $50,000 or more to hire security firms to supple- As two wars end and BY ANNIE KARNI “We’re entering a new landscape,” ment efforts by the New York Police said Mike Haynie, the founder and ex- Department. thousands of troops New Yorkers returning from war in ecutive director of the Institute for Vet- Such concerns come at a time when return to NY, vets Iraq and Afghanistan have long strug- erans and Military Affairs at Syracuse events are growing, in both number gled to find a job, and unemployed University.“We’re beginning an accel- and participants—the Macy’s prepare for new veterans worry their ranks will swell as erated reduction of the size of our mil- Thanksgiving Day Parade attracted 4 the country embarks on a five-year, 1.2 itary. It’s yet to be seen if the programs million attendees last year, 250,000 million-troop drawdown. more than the previous year, for exam- battle: landing a job See VETERANS on Page 40 ple. Since 2008, the number of events See EVENT on Page 39 buck ennis THE INSIDER BIZ-OWNING THE LIST ELECTRONIC EDITION SISTERS TAKE ON QUINN Largest engineering firms And the speaker fights back PAGE 6 PAGE 17 NEWSPAPER 20130422-NEWS--0002-NAT-CCI-CN_-- 4/19/2013 6:33 PM Page 1 EDITOR’S NOTE Rational guard FYICRAINSNEWYORK.COM One of the few pleasant stories in the news last week was a New York Big banks don’t measure up Times report on a drily academic study of New York City subway hree months ago, things were looking riders that offered hard data for such good in Big Bank Land.They were timeless mass-transit mysteries as T reporting record profits, and a mending why some choose to stand near the economy seemed to offer more good times door rather than sit on an open ahead. But that was then. Glenn Coleman bench. I looked around my crowded Investors were decidedly unimpressed with subway car and wondered who banks’ quarterly earnings reports last week, would offer a seat to an elderly or pregnant passenger, though, to be fair, that’s at least in part because or who might just sit there, engaging in what the Times great things were expected from Bank of newscom reporter delicately described as “gaze aversion.” But America (CEO Brian Moynihan, right), after the Boston Marathon bombings, there was plenty Goldman Sachs and so on. But the mortgage financing wave that gave profits a lift last year of eye contact, however fleeting, in both my subway car seems exhausted, and a tougher regulatory environment has put the clamps on trading desks that and in Grand Central Terminal.That seems to be part once churned out eye-popping profits. BofA’s stock slipped by 5% after reporting earnings before of our response mechanism following a security shock, recovering a bit later in the week, while Goldman shares lost 7% last week. Until the headwinds as New York commuters suddenly re-engage, for at ease, the big banks look to be stuck in a holding pattern of cutting costs and trying to convince least a day or two anyway.We look around and listen to regulators that they aren’t taking undo risks with their capital. each other in a different way, no longer auto-tuning- The days of huge profits, huge shareholder returns and, of course, huge banker pay seem gone. out those recorded voices that tell us to stand clear of At least for a while. —aaron elstein the closing doors and to say something if we see something.The impact from the Boston blasts may ART GALLERY RAID. The Helly Nah- split later this year. The new entity mad Gallery at the Carlyle Hotel was will include most of the company’s HOORAY! linger longer this time, judging by our Page 1 story on raided by the FBI, which charged businesses, including Fox News THE FIRST-EVER nonstop express rail ramped-up security plans for some of the 5,000-plus owner Hillel Nahmad with leading a Channel and 20th Century Fox film service from Penn Station to the Hamptons, called the “Cannonball,” will city-sanctioned public events that take place each year, multimillion-dollar gambling and studio, while the publishing unit will commence Memorial Day weekend. including the ING New York City Marathon and the money-laundering scheme that retain the News Corp.moniker.Dow spanned Moscow and New York. Jones and HarperCollins will be all Macy’s Thanksgiving Day Parade. Jeanne Fleming of The indictment of 34 people in- that remains of News Corp. … the Village Halloween Parade recalls pulling off her cludes a Russian gangster who tried WEINER RISES. Anthony Weiner’s nonprofit group’s annual celebration just six weeks to rig the Salt Lake City Winter sexting scandal may not be hurting Olympics skating competition and a the former congressman’s popularity. after Sept. 11.“It was just starting to get relaxed again,” woman who organized a high-stakes He hasn’t officially entered the may- she said last week.“I’m sure all that will change now.” poker game for Hollywood celebri- oral race, but a new Marist poll ties. … FAIRWAY FINALLY GOES showed him winning 15% of the vote OY VEY! PUBLIC. Fairway Group Holdings among the city’s Democrats, just 11 AMERICAN THIS WEEK IN CRAIN’S raised $177.5 million in its IPO, percentage points behind front-run- AIRLINES which saw the shares rise 33%. The ner City Council Speaker Christine grounded all flights across the grocery chain, which remains under Quinn. … TWO REAL ESTATE BIGS U.S. the afternoon IN THE BOROUGHS-------------------------- 3 the control of private-equity firm SLOW DOWN. Larry Silverstein, of April 16 after its IN THE MARKETS----------------------------------4 Sterling Investment Partners, has a known as the Energizer Bunny of computer system dozen locations in New York, said he crashed. THE INSIDER -----------------------------------------------6 New York, New Jer- would no longer REAL ESTATE DEALS -----------------------9 sey and Connecticut ‘We want serve as chief execu- and plans to open 300 tive of Silverstein launch next month with 6,000 bikes. OPINION --------------------------------------------------------10 black to be the more across the na- Properties. And … UNIQLO LOVES ART. After nine ALAIR TOWNSEND -------------------------11 tion. Superstorm badge of Bruce Ratner relin- years of sponsoring the free Friday- Sandy slammed its quished his role as night program at the Museum of GREG DAVID--------------------------------------------11 Red Hook, Brook- honor for the CEO of Forest City Modern Art, retailer Target will be REPORT: lyn, store, which re- borough’ Ratner. Both will re- passing the baton to Uniqlo on May opened on March 1. tain the chairman- 3.The Japanese retail chain opened a GREEN NEW YORK -------------------13 —Barclays Center Chief … JOB ‘BOOST.’ The Marketing Officer Fred ships at their respec- store right up the street from the mu- THE LIST ---------------------------------------------------------17 city’s jobless rate fell Mangione on its $1 million tive firms. … CITI seum on Fifth Avenue and West BIKE ON A ROLL. DEFACE FOR THE RECORD---------------------------35 to 8.9% last month, campaign to promote the In 53rd Street two years ago. … GOTHAM GIGS its lowest point of the Nets’ playoff season just 30 hours, the PAVEMENT, PAY UP. With more peo- CLASSIFIEDS ----------------------------------------- Caryn Davi of Weill Cornell 36 year, as 14,500 jobs highly anticipated ple illegally painting the curb or Medical College serves as a NEW YORK, NEW YORK ----------41 were added in March. But half were city bike-share program, Citi Bike, street to reserve parking spots, the confidante, mother hen and school-bus drivers returning to work sold out of its first 5,000 member- city’s Transportation Department SOURCE LUNCH-------------------------------- all-around problem fixer for 42 after a strike. … MEET 21ST CENTURY ships. The city has partnered with has proposed quintupling the fine for med students. P. 7 OUT AND ABOUT ------------------------------43 FOX.