PILGRIMS TO THE PROMISED LAND They come from afar FPO with a laptop and a CRAIN’S® dream PAGE 25 NEW YORK BUSINESS

VOL. XXIX, NO. 6 WWW.CRAINSNEWYORK.COM FEBRUARY 11-17, 2013 PRICE: $3.00 newscom

As of Feb. 8 close. Dow’s up,b but jobs are down

Big banks sack BY AARON ELSTEIN In the past week, small banks and no means over, but most of it is done,” brokerages such as Guggenheim Se- said Richard Lipstein, a managing di- thousands even With the stock market reaching its curities and Oppenheimer & Co.have rector at recruiter Gilbert Tweed In- highest levels since 2007, hiring is announced significant new hirings, ternational. “As it becomes more clear as stocks return showing signs of picking up again on while investment banking boutique what regulators will or won’t allow the to 2007 highs. Wall Street—and raising hopes the in- Cowen Group unveiled a merger that banks to do, bankers are starting to dustry’s long postcrash funk is at last will increase its head count by 16%. prepare for new opportunities.” Here’s why coming to an end. “The industry’s restructuring is by See DOW on Page 24

LHOTAVISION Super Bowl countdown begins FROM CABLE TO CITY HALL as NY, NJ prep for 2014 game Will Joe Lhota’s

business career hurt his in New Orleans was different. posse of city officials representing mayoral bid? Just the Back from Big Easy, “We were there to learn, to in- the New York Police Department, host committee has corporate ideas that will work for the Transportation Department, opposite, he insists New York and New Jersey—and we the Office of Citywide Event Coor- PAGE 3 challenges to tackle have just 51 weeks in which to pre- dination and Management, and the pare,” said the Loews Hotels chair- city’s tourism agency, NYC & man and chief executive, who wears Company, plus 16 staffers from the BY LISA FICKENSCHER many hats, including that of co- host committee. chairman of the 2014 NY/NJ Super Mr. Meyer declined to share any There isn’t much that New York Bowl Host Committee. postgame commentary, save for a Giants owner Jonathan Tisch Mr. Tisch was hardly the only statement through a spokeswoman: hasn’t experienced or seen at a New Yorker gathering intelligence “New Orleans did a great job.” But Super Bowl. He’s been to at least in New Orleans. Restaurateur his counterpart in the Crescent XXIV in his life,but this year’s game Danny Meyer paid a visit, as did a See SUPER BOWL on Page 23 NEWSPAPER EDITOR’S NOTE

Dots all, folks FYICRAINSNEWYORK.COM Some days, New York feels less like the largest city in the country and more like a town with the same few Standard & Poor’s thousand people. Restaurant maven Danny Meyer made that kind of rates costly trip day happen late last month while to court accepting the New Yorker of the Year award from the Manhattan early five years after the great newscom Glenn Coleman Chamber of Commerce. One of crash of 2008, the feds are the great joys of doing business in finally hauling a major financial player into court. Last week, the Justice Department N Standard & Poor’s McGraw-Hill the city, he told the crowd, is how the many little filed a civil lawsuit against and its owner, . (What does the suit personal connections we make during our professional mean for McGraw-Hill’s stock price? See In the Markets, Page 4.) lives—the dots, as he called them—play out over time The suit alleges that S&P committed fraud when it slapped its AAA seal of approval on to shape our careers. Indeed, coincidences were all billions’ worth of junky mortgage-backed securities. Attorney General Eric Holder vows to seek over the room that morning: the chamber’s Large up to $5 billion in penalties—nearly quadruple the amount of cash that McGraw-Hill has. Business of the Year award winner, CBRE (“our real Worse for S&P,the government’s complaint is filled with email messages from S&P analysts estate broker,” Mr. Meyer noted); Green Business of fiddling while real estate burned. One analyst even tried his hand at rewriting the lyrics of the the Year award winner Action Carting (“our garbage Talking Heads song “Burning Down the House” to fit the troubled times. contractor”); and the Retailer of the Year award S&P has vowed to fight what it calls an “unwarranted suit,” but for now its reputation, which winner, legendary discount department store Century was at best impaired before the suit, lies in something closer to ruins now. 21. “You know,” Mr. Meyer said, “I don’t think I’ve Similarly, another player in the bundling of mortgages pre-crash found itself in federal court ever told this story in public before.” He had our last week. JPMorgan Chase stood accused by a French bank of selling it $1.6 billion worth of attention. Back in the early 1980s, fresh out of college mortgages that JPM’s staffers knew were flawed. And, yes, there were lots of incriminating and living in the then-aptly-named Hell’s Kitchen, emails released as part of the suit. —aaron elstein Mr. Meyer was a junior salesman for a company that sold anti-shoplifting tags to retailers. He soon became NYC SETS SANDY PRIORITIES. Mayor entertainment properties under just salesman of the year—three years running—thanks to Michael Bloomberg has set his one top executive,Bonnie Hammer. HOORAY! one of his earliest clients: Century 21, whose spending priorities for the first The longtime head of the USA Net- SUPER BOWL XLVII scored the third- founding patriarch seemed to take a liking to this kid $1.77 billion worth of Superstorm work and other NBC cable channels highest TV ratings ever, which was good Sandy relief funds that blew into becomes the third woman to lead a news for CBS. asking for his business. Young Mr. Meyer plowed his town from D.C. last week. Nearly key division of the company. Ms. multiple sales bonuses into his employer’s scorching- half of it, $720 million, will go to re- Hammer’s new empire generates hot stock and watched the value of the shares soar. building storm-damaged homes about half the total cash flow of “And I used that money to open Union Square Café and businesses, which will have to NBCUniversal. … MEDIA GIANTS in 1985,” he said. All was quiet. Century 21 executive be constructed to higher standards SEE GREEN. Two big New York- to protect against future storms. based companies ended 2012 on a Isaac Gindi, representing his family at the chamber The mayor praised Washington for high note. Profits at Time Warner event, beamed from his table. Hell, all of us beamed its fast work, but conceded that the Inc. soared 51%, to $1.2 billion, in from our tables. “Keep connecting the dots,” Mr. first funds will not actually be dis- the fourth quarter on the back of OY VEY! Meyer urged the room. “That’s what it’s all about.” bursed until April at the earliest. … cost-cutting and higher subscrip- CITY EYES STRANGE BEDFELLOWS. tion revenue at its TV networks, in- A GUARD is Coming soon to prime neighbor- cluding CNN, TNT and HBO. charged with hoods across Man- News Corp. fared having sex with a prisoner convicted THIS WEEK IN CRAIN’S hattan: luxury high- ‘We do not even better. Its prof- of killing two cops. rise towers sprouting it more than dou- alongside existing rename bled, to $2.4 billion, IN THE BOROUGHS------3 public-housing proj- in the last quarter, IN THE MARKETS------4 ects. The cash- stations after thanks largely to strapped New York one-time gains re- THE INSIDER ------6 people’ City Housing Au- An MTA spokesman, lated to some recent BUSINESS PEOPLE ------8 thority plans to lease explaining why the East acquisitions. … the meantime, he said, New York is out underutilized LONELY LADY LIBER- losing millions in tourism dollars. OPINION ------10 77th Street stop on the land—playgrounds 6 train will not be named TY. Federal officials … CBS SCORES TOUCHDOWN. Super GREG DAVID------11 and parking lots—at after the late don’t know when Bowl XLVII, aka the “Blackout THE LIST ------16 its properties in areas Mayor Ed Koch the Statue of Liber- Bowl,” drew the third-largest audi- such as the Upper ty will be open for ence for a television event ever—a CLASSIFIEDS ------18 West Side to private developers. visitors. The famous statue stands major coup for CBS,which aired the DIGITAL NY ------21 Some 4,000 apartments could be unscathed by Superstorm Sandy, game. An average of 108.4 million built, 20% of which would be set but its Liberty Island home was people watched Beyoncé perform, FOR THE RECORD------22 REPORT: SMALL BUSINESS aside for affordable housing. In re- devastated. At one point, three- and a lot of good ads, as the Balti- NEW YORK, NEW YORK ------turn, NYCHA will get up to $46 quarters of it was under water. Sen. more Ravens defeated the San Fran- Entrepreneurs like 25 million in rent annually.… HAMMER Charles Schumer is urging the De- cisco 49ers after a 35-minute power Brooklyn’s Rovshan Danilov SOURCE LUNCH------26 NAILS TOP JOB. NBCUniversal has partment of the Interior to at least outage at the Superdome in New are taking advantage of city OUT AND ABOUT ------consolidated all of its lucrative cable —amanda fung loans to recover after 27 provide a date for the reopening. In Orleans. Superstorm Sandy P. 13 SNAPS------27 CORRECTIONS (SEE P. 23) STORIES TO WATCH THIS WEEK vol. xxix, no. 6, february 11, 2013—Crain’s New York Business (issn 8756-789x) is published weekly, except for double issues the weeks of July Fourth, Labor Day and Christmas, by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid at Feb. 11: Council Feb. 11-12: 137th Feb. 12: City Feb. 12 : Scaffold New York, N.Y., and additional mailing offices. Postmaster: Send address changes to: Crain’s Speaker Christine annual Westminster Council hearing on Law Reform Day. New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one Quinn delivers State Kennel Club Dog Hudson Square Advocates ask year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2013 by Crain Communications Inc. All rights reserved. of the City address. Show at Madison rezoning Albany to kill anti- Square Garden business statute.

2 | Crain’s New York Business | February 11, 2013 IN THE BOROUGHS Mayoral bid gets BRONX down to business Living with the ‘road to Former exec Joe Lhota, who nowhere’ ditched rental cars when late for Activists regroup after flights, rushes toward City Hall city nixes plan to tear down Sheridan Expwy. BY ANDREW J. HAWKINS Joseph Lhota has worked for the Giuliani administration, BY HILARY POTKEWITZ Cablevision and the Metropolitan Transportation As far as the Southern Bronx River Authority—not exactly beloved institutions for many Watershed Alliance is concerned, New Yorkers. the Sheridan Expressway, which But rather than downplay that résumé as he pursues slices through the South Bronx, is simply a “road to nowhere.” an uphill candidacy for mayor, Mr. Lhota intends to The mile-and-a-quarter-long throw a spotlight on it, placing his experience as a crisis roadway connects the Bruckner Ex- manager at the forefront of his campaign. pressway and the Cross Bronx Ex- “If you talked to anyone that I worked for—clients pressway—two highways that inter- sect just a few miles to the east. For when I was an investment banker, or senior execs at years,the alliance had pushed to tear Cablevision and Madison Square Garden—ask down the Sheridan on the grounds them if I was able to achieve goals,” he said. “They that it does little more than divide will say that I not only achieved them, but I the surrounding neighborhood. Some local leaders had also worked exceeded them.” on options for what might be built in Indeed, in interviews, former colleagues the expressway’s footprint, drawing in business and finance praised Mr. inspiration from the recent surge in housing and waterfront park devel- Lhota’s managerial skills and his opment in the area, including ability to weather extreme Starlight Park. situations. “We’re creating all the right ele- Before he earned widespread ments in the neighborhood, but we’re not connecting them,”said As- praise for restarting the subways after semblyman Marcos Crespo, whose Superstorm Sandy, Mr. Lhota was an district includes the Sheridan corri- investment banker who conducted his dor. “We need to make it feasible to career at a furious pace. When late for flights, enjoy these elements in a safe way.” Even federal planners got into Mr. Lhota would ditch his rental car in front of the act. Two years ago, the U.S. De-

See LHOTA on Page 24 thompson darren See ROAD on Page 12

Residential brokers gear up STATS AND THE CITY FASHIONABLE STATS: New York Fashion Week—featuring rail-thin models for best sales since the crash and 4,500 designer looks—concludes Thursday at Lincoln Center.

get even crazier come the spring.” property bubble burst in 2008, forc- 650 Firms go on hiring To cope,he is hoping to take over ing firms to ax employees,shutter of- TUBES OF mascara used during Fashion Week spree as market tips the floor above his storefront and fices and in some cases close outright. add 20 more agents in the coming “I think we’re at the start of a more in favor of months, for a total of 70. Mean- great one,” said Diane Ramirez, 14,900 owning over renting while, he plans to open an office in president of Halstead Property. NYC APPAREL manufacturing jobs in 2012, “Last year was spectacular,and 2013 down 63% in a decade will be even more so.” BY MATT CHABAN ‘Last year was Broker ranks rise 12 AVERAGE LENGTH, in minutes, of runway Such a problem Jesse Rhinier has. spectacular, Industry staffing levels mirror shows, each with an average of 15 models Two years after opening the DSA that turnaround. After a run of Realty office on East 12th Street, and 2013 will be abysmal years,the number of real es- he’s running out of space. Business even more so’ tate brokers in the city rose 2.5% last 108 has picked up at the firm, where the year, to 12,384, according to state LENGTH, in feet, of the average runway focus had been solely on rentals.The records. While that is still down revenue mix has shifted to apart- from an all-time high of 12,885 bro- ment sales as that market rebounds kers in 2008, many industry execu- 3,000 downtown. tives predict a new record will be set MEMBERS of the press “Usually February is pretty slow, Brooklyn within the next year, with this year, with several hundred bro- registered to attend the Sources: Maybelline, NYS but we’ve been running around like room for 40 to 50 additional brokers. kers entering the business. weeklong event Labor Dept., IMG Fashion crazy,”Mr.Rhinier said.That comes All across the city, residential real As the real estate sector heats up Events & Properties newscom on the heels of a January in which estate brokerages are expanding in again, it is also drawing a crowd. business was up 72% from a year anticipation of what many pros ex- Last year, 17,943 people took the ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY earlier, he added. “I expect things to pect to be the best year since the See BROKERS on Page 23

February 11, 2013 | Crain’s New York Business | 3 IN THE E-tailors struggle for right fit MARKETS by Aaron Elstein whims of customers—can face more fare. That can backfire. A custom- Sudden shuttering of pitfalls than new entrepreneurs made product often leaves retailers clothier shows perils might realize. Fledgling firms re- grappling with supply issues, stock- ceive venture-capital investment— ing just enough inventory to meet of custom apparel in the past year, e-commerce appar- demand without having to mark el companies attracted $325.4 down excess. Many have also had BY ADRIANNE PASQUARELLI million in funding, a 47% increase trouble finding the perfect fit for over the year-earlier period, accord- shoppers. When Quincy Apparel arrived on ing to research firm CB Insights— the scene last spring, many female but several startups, like Quincy, Steep learning curve shoppers rejoiced.The online cloth- have folded shortly out of the gate “It’s a really hard operational ing company promised made-to- challenge to get right,”said Suchari- order clothing for every body type. ta Mulpuru, a vice president and But after 10 months in business, ‘It’s a hard principal e-commerce analyst at Quincy ceased operations. Late last Forrester Research. “There’s a dif- month, the company said its first operational ference between mass customiza- collection, released in September, tion and truly bespoke.” would be its last. challenge Ms.Wallace,a Harvard Business

“We literally ran out of money,” School graduate, set out in 2011 to newscom said Quincy co-founder Christina to get right’ offer a better fit in clothing for Wallace. “Consumers will give you women. She created blazers and one chance, and if it’s not the most blouses based on bra size and torso perfect thing, they’ll try something length, and pants modeled on body S&P suit puts CEO else and that was your shot.” type,waist and height.The site went In the crowded world of or trimmed their offerings after live last spring. e-commerce, apparel brands that missteps. Over the course of 18 months, in the hot seat promote ever more customiza- Those that survive are forced to Quincy raised just under $1 million tion—and indeed strive for creating quickly revise their initial business from angel investors and venture- products that hew perfectly to the plan by offering more specialized See E-TAILORS on Page 23 n a conference call with investors last November, McGraw-Hill Cos. Chief Executive Harold Whittlesey OMcGraw III (better known as Terry) was pleased to share what he described as encouraging news: 30 lawsuits against his company’s Standard & Poor’s division for slapping AAA ratings on junky mortgage-backed securities had been dismissed, he said. What’s more, nine of those of dismissals had been affirmed by higher courts, and 10 other suits were withdrawn. “We have said that the legal risk is low, and it’s We congratulate our client bearing that out,” he said, according to a transcript. Looks like Mr. McGraw spoke too soon. On a quarterly

earnings call Tuesday, the CEO is in a report last week that they hope expected to address investors for the company will use the sale pro- the first time since the Justice De- ceeds to aggressively repurchase partment sued his company and shares to win back investors. S&P for fraud last week. State at- However,the company may need torneys general, including New to hold onto its cash. The feds are York’s Eric Schneiderman,are looking seeking $5 billion in penalties from to file their own actions. McGraw-Hill,so Mr.McGraw may While the 64-year-old Mr. Mc- decide he can’t be as generous with Graw’s name shows up nowhere in shareholders as they’d like him to be. in addition to the feds’ lawsuit, the onus will fall Mr. McGraw may instead try to squarely on him to explain how the raise his company’s stock price by company will manage its way selling assets such as consumer re- through its latest legal mess. search company J.D. Power and Associ- The suit has already taken a big ates or Platts,which provides news to toll on McGraw-Hill. Its stock the energy industry. price sank by 26% last week. The The key, analysts say, is for Mr. drop wiped out $4.2 billion in mar- McGraw to convince investors that ket value. the rating agency is not the compa- The stock decline almost com- ny’s only valuable property. pletely eliminated the $4.6 billion If McGraw-Hill’s stock remains on the successful recapitalization of McGraw-Hill appreciated by over depressed because of its legal prob- the past 18 months, when Mr. lems, look for activists to make an- McGraw began taking steps to re- other run at the company and de- structure the company founded by mand the exit of Mr. McGraw. his great-grandfather 125 years While the heads of many family- ago. Prodded by activist investors run media firms, like the New York like hedge fund Jana Partners, Times Co. or News Corp., use special McGraw-Hill last November sold classes of super-voting stock to its education business to private- protect themselves from the wrath equity firm Apollo Global Manage- of shareholders, Mr. McGraw, who ment for $2.5 billion. controls 1.6% of his company’s Analysts at Barclays Capital said stock, has no such protection. Ⅲ

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ey will be used to hold 2013 mayoral Still, small businesses consider op- Nelson’s foundation forums highlighting business is- position to paid sick leave a top leg- funds union-led push, sues—and for many small business- islative issue. es, especially restaurants and retail- while David’s gives ers, there is no concern more A left turn dough to biz effort pressing than legislation that would The split may be explained in require them to pay for time off if an part by family dynamics.The fourth employee calls in sick. generation of Rockefellers, the BY CHRIS BRAGG “If this was a way to say the children of the famous five “Rocke- Rockefeller family was split on the feller brothers” that included The Rockefellers, one of the world’s issue, it was a smart way to do it,” Nelson, took a liberal turn from most generous philanthropic fami- said one left-leaning source, noting their predecessors, which has newscom lies, apparently find themselves on that the Rockefeller helped shape the left- both sides of New York City’s ran- Foundation’s grant leaning direction of corous debate over a bill mandating was smaller than the ‘They should the Rockefeller Family Cracks form in labor coalition that businesses offer employees paid Family Fund’s, despite just pick one Fund. The group also sick days. its annual spending promotes environmen- he labor-backed Working Families Party for four Over the past several years, the being much greater. side and tal and women’s issues. years has pushed the City Council to require Rockefeller Family Fund, a non- The net assets of the Every member of the businesses to offer paid sick days. As the 2013 profit established in 1967 by New Rockefeller Founda- stick with it’ board is either a Rock- T York Republican Gov. Nelson tion, established in efeller or the spouse of mayoral race heats up, however, cracks are forming within Rockefeller, has given at least 1913 by John D. one. An official at the the movement between backers of two Democratic $250,000 toward the union-led Rockefeller, are $3.5 nonprofit declined to contenders, Council Speaker Christine Quinn and Public push to require companies to offer billion.In 2011,it gave comment. Bill de Blasio paid time off. The nonprofit’s $7 away $132 million, ac- Meanwhile, the Advocate (above). million 2010 operating budget cording to its most recent tax return. multinational Rockefeller Founda- came from outside donations and The Rockefeller Family Fund, tion at times has not had a family Two big unions within the time, Mr. Garodnick was running interest accrued from an endow- meanwhile, has $92.7 million in net member on its board in recent years, WFP,the retail workers’ RWDSU for city comptroller. ment funded by the family fortune, assets. It gave out $14.8 million in though its chairman is David Rock- and the food workers’ UFCW Adding to the intrigue, lefty initially earned by Standard Oil 2010, tax records show. efeller Jr., the current patriarch of Local 1500, recently endorsed consulting firm BerlinRosen is tycoon John D. Rockefeller more A spokesman for the Rocke- the family. Ms. Quinn, despite her blocking a pushing the candidacies of Mr. than a century ago. feller Foundation stressed that the The irony of the potentially du- vote on the paid sick leave bill. Garodnick and Mr. de Blasio grant was not intended to push eling grants has not escaped some Nonetheless, the WFP while also working for a Money for mayoral forums against paid sick leave. The presi- interested observers. continues to pressure Ms. Quinn, nationwide advocacy campaign Then, in December, the far larg- dent of the Brooklyn Chamber of “They should just pick one side creating quite a bit of for mandatory paid sick leave. er Rockefeller Foundation an- Commerce, Carlo Scissura, said and stick with it,”said Bronx Cham- awkwardness for unions that “The more we look at the role nounced a $100,000 grant to a non- the paid sick leave push is one of “a ber of Commerce President Lenny support paid sick days and the that various consultants are profit arm of the Brooklyn dozen” business issues that will be Caro, an opponent of the paid sick speaker’s candidacy. Several union playing, we come to the Chamber of Commerce. The mon- discussed at the mayoral forums. leave bill. Ⅲ leaders within the party who lean conclusion that this is more about toward Ms. Quinn charge that the politics of the mayoral race,” the party’s staff is attacking her to Mr. Purcell said. 'YWLQER ;EOI½IPH-RG help Mr. de Blasio, a labor darling Other union officials agreed. who is seen as party leaders’ “Why is the [Working Families is pleased to be appointed by favored candidate. Mr. de Blasio Party] still pushing this so hard is trying to catch Ms. Quinn in when it has no chance of passing Cohen Brothers Realty Corporation the mayoral race by promoting his this year? Knowing them, I enthusiastic support for wouldn’t be surprised at all if it as Exclusive Leasing Agent mandatory paid sick leave. were political,” said Michael Quinn supporter Patrick Purcell, McGuire, political director of the JSVXLVII'PEWW%SJ½GIXS[IVWMR1MHXS[R1ERLEXXER UFCW Local 1500’s political Mason Tenders PAC, a WFP director, said sick-leave member union that is neutral in proponents should wait for 2014, the mayor’s race but might when a much stronger bill would endorse Ms. Quinn. likely pass with the mayoralty and By going public with their speakership in different hands. allegations, union leaders favoring “There has been a shift where this Ms. Quinn could be seeking to became less about good policy and blunt the attacks on her. Donna more focused on political Dolan, co-director of the Paid football,” said Mr. Purcell. Sick Leave Coalition, of which Any bill that could pass the the WFP unions are members, council now would likely be said it was “ridiculous to call a watered down by Ms. Quinn, who three-year campaign that has the is courting business support for support of the majority of City her candidacy. In 2011, she Council members and the weakened and passed living-wage majority of New Yorkers a legislation, cutting off that line of stalking horse for any candidate’s attack from her rivals. political agenda.” Mr. Purcell says he came to see WFP Deputy Director Bill 622 Third Avenue 135 East 57th Street Three Park Avenue the WFP’s paid sick leave push as Lipton said his party would “love East 40th and 41st Streets Park and Lexington Avenues 34th Street more political than policy-driven nothing more than to stand side when Manhattan Councilman Dan by side with Speaker Quinn as she Garodnick—without the sign-off of passes the paid sick days bill into some key union officials within law.” A spokesman for the party—proposed amendments BerlinRosen noted that the firm in September to make the paid was promoting mandatory sick Bruce E. Mosler Charles R. Borrok David B. Nevins 212.841.7900 212.841.7550 212.590.5228 sick leave bill more palatable to leave well before Mr. de Blasio [email protected] [email protected] [email protected] the business community. At the retained its services. Ⅲ David B. Glassman Scott A. Silverstein Marc Horowitz 212.841.7827 212.713.6797 212.590.5224 [email protected] [email protected] [email protected] Crain’s Insider, our award-winning politics newsletter, is now a blog. Read it every day at www.crainsnewyork.com/insider

6 | Crain’s New York Business | February 11, 2013

BUSINESS 36% of Occupy Wall Street protesters made over $100K a year, compared with 24% of NYers PEOPLE Source: City University of New York

EXECUTIVE MOVES

Numerix: Steven O’Hanlon, 54, was promoted to chief executive of the analytics solutions company. He was previously chief operating officer and will continue as president. TommY BoY: Rosie Lopez, 36, was promoted to president of the music company. She was previously vice president of marketing and international. Harlem Educational Activities Fund: Ruth Rathblott, 43, joined the nonprofit as chief executive. She was previously interim executive director and external-relations director at Literacy Partners. Beanstalk: Marc Schneider, 53, joined the brand licensing agency and consultancy as chief financial officer and chief operations officer. He was previously chief financial and administrative officer of global consumer products and international TV at Sesame Workshop. HOLDING COURT: NBCUniversal: Jason Cahilly’s new job Bonnie Hammer, 62, as CFO and vice was promoted to president of strategy chairman, includes marketing the NBCUniversal NBA to fans overseas. cable entertainment group, at the media company. She was previously chairman, NBCUniversal cable entertainment and cable studios. News Corp.: Anoushka Healy, 40, was promoted to chief strategy officer. She buck ennis was previously group managing editor of The Times and Sunday Times in GOTHAM GIGS London. William Lewis, 43, was promoted to chief creative officer. He was previously an executive member of the company’s management and standards committee. Thornton Tomasetti: Leigh Mires, 49, NBA sinks bank shot joined the engineering firm as chief learning officer. She was previously principal and owner of the Mires Collaborative. Ex-Goldman partner to take league to new heights Carter Ledyard & Milburn: Jerome J. Caulfield, 63, was named co-chair of The National Basketball Association’s most franchise animated by new ownership and a move the law firm’s trusts and estates ‘I feel department. He will continue as recent star acquisition is only 5 feet 9½ inches tall. to Brooklyn. According to Forbes, 22 of the NBA’s partner. I’m still He doesn’t have any flashy tattoos. And in high 30 teams are profitable, while 15 were in the red a Michael I. Frankel, 65, was named co-chair of the trusts and estates school he ran cross-country, not the full-court year ago. ¶ Mr. Cahilly has ideas for how to sell department. He will continue as young press. Jason Cahilly is mild-mannered, self- basketball to even larger audiences overseas, but is partner. The Jordan Edmiston with a effacing and, above all, discreet. He won’t even loath to offer any details. “I do have a lot of Group Inc.: Daniel name his favorite basketball team, only that he viewpoints,” he said. “But it’s too early to draw Avrutsky, 40, joined lot of rooted for Magic Johnson and Larry Bird as a kid conclusions.” ¶ Mr. Cahilly’s road to the NBA the investment bank as managing energy’ growing up in central Pennsylvania. ¶ Fortunately began last summer, when the 42-year-old found director and global for the NBA, Mr. Cahilly is a banker, not a baller. himself leaving Goldman Sachs earlier than he’d head of technology. He was previously A key behind-the-scenes player as a Goldman anticipated, a casualty of Wall Street’s crummy managing partner of Sachs partner in mega-deals like General business conditions. Fortunately, his Rolodex was Avrika Group, which he founded. Electric’s sale of NBC Universal to Comcast, Mr. filled with the names of powerful CEOs whom Hearing Health Foundation: Chris Smith, 50, was named a member of the Cahilly was hired last month as the league’s chief he’d advised over his 12 years at Goldman, board at the nonprofit. He will financial officer and vice president of strategy. His including NBA Commissioner David Stern and continue as president at Cochlear Americas. acumen will be tapped to help grow the league at Adam Silver, who is to replace Mr. Stern next Bronx Arts Ensemble: Rosemarie a time when the business of basketball is as robust year. ¶ “I like big challenges, things that are Traina-Moreno, 55, was named board member at the arts organization. She as ever. Many teams are thriving—perhaps most complicated,” Mr. Cahilly said. “I feel I’m still will continue her role as managing obviously the Nets, a perennially sluggish young with a lot of energy.” —aaron elstein director at R.T.Moreno & Co.

8 | Crain’s New York Business | February 11, 2013 Stylesight: Sansan Chen, 37, was promoted to senior vice president of CORPORATE LADDER market strategy at the fashion content and technology company. She was previously senior vice president of BLOOMBERG DEPUTY LEAVES CITY HALL FOR REAL ESTATE content. Tishman Construction JOHANNA GREENBAUM has accomplished more than most 32-year-olds. She graduated magna cum laude from Harvard, went to law Corp.: William school at Georgetown, and worked for HUD Secretary Shaun Donovan when he was Mayor Michael Bloomberg’s commissioner at the Palmer, 60, joined as Department of Housing Preservation and Development. She moved to the Economic Development Corp. at the end of Mr. executive vice Bloomberg’s second term, where until last month she was counsel and deputy chief of staff to Deputy Mayor for Economic president and Development Robert Steel. director of strategic Now she’s moving to the private sector as the new managing director, real estate development, for Kushner Cos. alliances for North America. He was “There are always great things to accomplish when you work for the city, especially for someone as great as Michael previously vice Bloomberg—I have drunk the Kool-Aid,” said Ms. Greenbaum. “But it was time to let another person into City Hall.” president of business development and Ms. Greenbaum led the acquisition of the third section of the High Line, the implementation of New York City Bike Share, strategic alliances for Hunt and the development of micro-unit housing and the Greener, Greater Buildings Plan. Construction Group Inc. “Johanna has a remarkable track record overseeing complex projects and brings a fresh approach and new vision for WWE: Monty Sarhan, 40, joined the the next generation of real estate we are building across the city,” said Jared Kushner, president of Kushner Cos. —EVA SAVIANO sports and entertainment company as senior vice president and general counsel. He was previously senior vice president of business and legal affairs for Viacom Media Networks. DS-Concept Factoring Inc.: John BUSINESS OWNERS Stillwaggon, 32, joined the join the thousands of import/export services company as New Yorkers who vice president of sales. He was previously account manager at Coface. have reduced their Oxygen Media: Matthew Jarecki, 41, was energy use, gotten promoted to vice president, millions of dollars in advertising sales. He was previously incentives, and helped director, ad sales. the environment. DailyCandy: Alexa Wilson, 40, joined the media company as vice president of marketing. She was previously executive director of marketing at Hearst Design Group. Suffolk Construction: Mark Sanborn, 57, 1-877-870-6118 joined the building contractor as vice conEd.com/GreenTeam president and regional director. He was previously health care and life science account executive at Structure Tone. Berdon: Jeffrey Cohen, 38, was promoted to audit principal at the accounting services and advisory firm. He was previously audit manager. Adina Khan, 40, was promoted to tax principal. She was previously tax manager. Hal Zemel, 46, was promoted to tax principal. He was previously tax manager. The Ad Council: Beth Ellard, 50, joined the nonprofit as executive vice president of media. She was previously executive vice president and general manager at DailyCandy. Marcum: Timothy R. Larson, 43, joined the accounting and advisory firm as a partner in its international tax practice. He was previously a partner, tax services, at WithumSmith+Brown. Gibson Dunn & Crutcher: Arthur Long, 44, joined the law firm as a partner. He was previously a partner at Davis Polk MAKE & Wardwell. Mayer Brown: Mark Leeds, 53, joined the law firm as a partner. He was previously a shareholder at Greenberg Traurig. Axinn Veltrop & Harkrider: Russell Steinthal, 35, was promoted to partner at the law firm. He was previously ENERGY counsel. Josephine Liu, 40, was promoted to counsel. She was previously an associate. Montgomery McCracken Walker & Rhoads: Erica Sharf-Abramson, 45, joined the law firm as an associate. She was previously a real estate associate with Thacher Proffitt & Wood. —eva saviano EFFICIENCY ©2013 Consolidated Edison Company of New York, Inc. Ad: Arnell Group ©2013 Consolidated Edison Company of New York, EXECUTIVE PROMOTIONS A WAY OF LIFE 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. BUSINESS OWNERS, GET ENERGY FIT TODAY.

February 11, 2013 | Crain’s New York Business | 9 OPINION CRAIN’S NEW YORK BUSINESS A working theory in Albany editor in chief Rance Crain publisher, vp Jill R. Kaplan true that the Skelos and Klein conferences are embracing it EDITORIAL ny serious observer of Albany would have editor Glenn Coleman had doubts about the unprecedented out of necessity—each knows it lacks the votes to get what it managing editor Jeremy Smerd deputy managing editors Valerie Block, power-sharing agreement reached last wants on its own—but no matter. So far, it is working. For Erik Ipsen fall between state Senate Republicans example, the sensible gun-control bill that passed in January assistant managing editor Erik Engquist senior producer, news Elisabeth Butler Cordova and the Independent Democratic would have never come to a vote in last year’s Senate; it news producer Amanda Fung Conference, a five-member breakaway would have been blocked by the GOP leadership because contributing editor Elaine Pofeldt columnists Greg David, Alair Townsend caucus led by Bronx Sen. Jeff Klein. Republicans were divided on the issue. crain’s health pulse editor Barbara Benson Cynics could certainly point to self-serving aspects of the That was just one piece of legislation, of course. Many senior reporters Theresa Agovino, Aaron Elstein, Lisa Fickenscher, Matthew Flamm deal: GOP leader Dean Skelos and his conference got to keep controversial matters are still to be considered before the reporters Chris Bragg, Matt Chaban, A Daniel Geiger, Andrew J. Hawkins, Annie Karni, session ends in late June: a 21% increase in the minimum most of their power, despite the likelihood that Democrats Adrianne Pasquarelli would win a majority in the upper chamber. Meanwhile, Mr. wage, a constitutional amendment to allow seven new web reporter, producer Nazish Dholakia casinos in the state, art director Steven Krupinski Klein and his splinter group became key decision-makers in deputy art director Carolyn McClain state government, despite holding just five of 63 Senate seats. public financing of staff photographer Buck Ennis Bipartisanship copy desk chief Steve Noveck There also were valid questions about how functional the campaigns, hydro- copy editor Thaddeus Rutkowski Skelos-Klein arrangement would be.The two co-presidents is on display in fracking and, of course, data editor Suzanne Panara the next state budget. assistant data editor Emily Laermer resolved to rule over their chamber in alternating two-week the New York researchers Eva Saviano, Amy Stern stints—a potential TV sitcom concept—and both men must Senate power- intern Ali Elkin agree to move bills to the Senate floor for a vote. state Senate sharing is not the only ONLINE AND INTERACTIVE SERVICES reason to be optimistic senior web developer, interactive Just a month into the legislative session, however, there’s Chris O’Donnell reason to believe the “Skleinos” theory that power-sharing about Albany. Assembly Speaker ADVERTISING, MARKETING AND PRODUCTION will succeed. Messrs. Skelos and Klein spoke jointly at an director of custom content Trish Henry event hosted by this newspaper last week, agreeing on some Sheldon Silver has senior account managers Irene Bar-Am, David Harkey, Courtney McCombs, Suzanne Wilson things and disagreeing on others, but without a trace of the become more amenable to compromise over the past two senior account executive vitriol that for years dominated the Senate’s majority- years. And Gov. Andrew Cuomo has rallied legislators and Jill Bottomley Kunkes sales coordinator Danielle Wiener minority system. (Regular Senate Democrats, during a rocky improved the tenor of negotiations among the “three (now newsletter product manager Alexis Sinclair two years in control of the chamber, did help to ease tensions four) men in a room.” The leaders of state government credit Todd J. Masura (313-446-6097) director of audience & content by sharing resources more fairly between the two parties.) finally seem to understand that the public needs them to partnership development Michael O’Connor play together in the sandbox, not draw lines in it. senior marketing manager We are now seeing real bipartisanship in action. It may be Catherine Schutten director of conferences & events Courtney Williams reprint sales manager Lauren Melesio CRAIN’S ONLINE POLL COMMENTS production and pre-press director Michael Corsi advertising production manager Suzanne Fleischman Wies

TO SUBSCRIBE: Preservation pays off For print and digital subscriptions or customer service, e-mail [email protected] LANDMARKS AGENCY’S “Should the City Council or call 877-824-9379 (in the U.S. and Canada) or prevent businesses from 313-446-0450 (all other locations). $3.00 a copy for CRITICS OFF-BASE the print edition; or $99.95 one year, $179.95 two considering job applicants’ years, for print subscriptions with digital access. The Landmarks Preservation employment status?”: I worked www.crainsnewyork.com/subscribe Commission is not on for a company that was bought “steroids,” as your Feb. 4 by another firm, and all but TO ADVERTISE: bloomberg newsbloomberg Contact Trish Henry at editorial suggests. But we’re about five of 50 employees [email protected] or call 212-210-0711. SHOULD TAXPAYERS BUY beginning to wonder what were laid off. I was out of work www.crainsnewyork.com/advertise critics of the commission are on. through no fault of my own. OUT SANDY-RAVAGED FOR INFORMATION ON OUR EVENTS: Yes, the commission has buck ennis Yet when looking for a designated several new historic position, I was continually Contact Courtney Williams at HOMES FOR $400M? [email protected] or 212-210-0257. districts. But it is responding to Preservation is a major asked about being laid off in a www.crainsnewyork.com/events Yes. It will be cheaper than rebuilding after demand for designation from contributor to the city’s very demeaning way, as though every storm. residents across the city, with economy. It provides local jobs, somehow I should have known TO CONTACT THE NEWSROOM: plenty of local elected support. attracts tourists and protects I would lose my job when the 711 Third Ave., New York, NY 10017-4036 No. Taxpayer money shouldn’t be used to pay Some real estate professionals our quality of life.There is company was sold. I responded editorial phone: 212.210.0277 fax 212.210.0799 above-market prices for ruined homes. Entire contents ©copyright 2013 Crain Communications Inc. may object, as you state, but the plenty of room in midtown as best I could, but I found the All rights reserved. ®CityBusiness is a registered trademark Date of poll: Feb. 5 property owners in these east, and throughout the city, whole process horrible. of MCP Inc., used under license agreement. 338 votes districts are all for preserving for great new design without Why should people who neighborhood character. destroying the residential and have lost their jobs be CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS The commission works with commercial buildings that discriminated against? If an chairman Keith E. Crain president Rance Crain building owners. It has an define New York. employer does proper due treasurerMary Kay Crain Cindi Crain 33% expedited review process for —peg breen diligence on potential No most routine issues and President employees, it will find out if executive vp, operations William Morrow regularly approves substitute, The New York Landmarks they were fired for cause or just senior vp, group publisher Gloria Scoby less expensive, materials. Conservancy laid off. Especially in this group vp, technology, circulation, Robert C. Adams 67% Mayor Bloomberg deserves economy, it’s crazy that you manufacturing vp/production, manufacturing David Kamis Yes credit for letting the STOP DISCRIMINATION wouldn’t be considered for a job chief information officer Paul Dalpiaz commission do its job. And AGAINST JOBLESS because you don’t have one. voters will expect the same —tough tilly founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) from the next administration. Re your Jan. 29 online poll, Online commenter secretary Merrilee Crain (1942-2012)

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10 | Crain’s New York Business | February 11, 2013 and business services, information CAROL KELLERMANN industries and financial activities, although total employment levels NY’s people strengths are greater in New York. Bringing clients to the next level Six metro areas have higher rates of business creation than we do, and both Silicon Valley and New Eng- need constant work land have been attracting more ven- ture capital. We lag far behind Sili- con Valley in entrepreneurship, but he late Ed Koch proclaimed New York City the our weakest performance is on qual- “capital of the world,” and many New Yorkers ity-of-life measures—particularly would agree with him.But we have competition— the affordability of rent and the length of commuting times. not just from international financial capitals Lon- Highly educated talent is mobile, don, Hong Kong and Singapore, but also from so we need policies that reinforce and U.S. regions like the Capital Beltway and Silicon Valley.These enhance our attractiveness as a place T to live and work. These should in- places are attracting highly educated workers at a greater rate clude efforts—like the Bloomberg than the New York metropolitan area, according to a Citizens administration’s Applied Sciences Initiative that brought Cornell Uni- Budget Commission analysis. largest city, Los Angeles, and is very versity to Roosevelt Island—that Human capital is a hot topic. competitive in attracting and retain- support education in fields where the Thriving in the information econo- ing highly skilled individuals. The metro area lacks depth, foster afford- my requires a highly skilled workforce area’s strength comes from reputable able workspaces for startups,improve with specialized expertise and an abil- higher-education institutions, robust broadband and Wi-Fi connectivity, ity to innovate. Attracting such a employment opportunities and com- advocate for visa protocols that allow workforce is essential to New York’s petitive pay in key industries. Its rep- foreign students to work and become ability to retain strength in core in- utation as the nation’s safest big city, residents, improve mass transit and Industries served: dustries and cultivate emerging ones. its world-class cultural institutions stimulate housing development. Financial Services . Manufacturing & Distribution . Technology We compared the attractiveness and its ample recreational opportuni- New York cannot afford to take . Retail . Construction . Architecture & Engineering of our metro area with that of the 14 ties are also advantages. our competitiveness for granted.We Real Estate . Healthcare . Transportation & Shipping other largest areas in the U.S. The But Washington, D.C., and Sil- must constantly assess and adapt to resulting “competitiveness score- icon Valley (including the San Fran- maintain our leadership. The com- 488 Madison Avenue, New York, NY 10022 50 Jericho Quadrangle, Jericho, NY 11753 card,” available at www.cbcny.org, cisco and San Jose areas) are chal- petitiveness scorecard offers policy- www.grassicpas.com benchmarks performance in demo- lenging us on important measures. makers a tool to benchmark our per- graphics, human-capital develop- Both surpassed New York in net im- formance and make improvements ment and quality of life. migration of highly educated indi- to strengthen growth in a rapidly The New York metro area ranks in viduals between 2009 and 2011. changing economy. the top tier on many indicators.It has Washington and Silicon Valley also about twice the number of people have the greatest share of their pri- Carol Kellermann is president of the with master’s degrees as the second- vate employment in professional Citizens Budget Commission.

TOP MARGINAL A taxing question: TAX RATES California 51.9% Are rates too high? New York City 51.7% Hawaii 50.5% Oregon 49.9% eing a millionaire in California became a lot more New Jersey 49.3% expensive this year with the “fiscal cliff ” deal that Washington, D.C. 49.3% raised federal taxes on the wealthy and the impo- Wisconsin 49.3% sition of a state income-tax surcharge that hiked Maryland 49.2% the highest rate to 13.3%. In all, California mil- New York state 49.2% lionaires face a marginal tax rate of 51.9%, the highest in the Maine 49.0% B Nifty 8* 42.8% nation.The New York Times wondered last week if millionaires *Those with no state income taxes: Ark., Fla., Nev., N.H., would be decamping for greener pastures, especially the eight S.Dak., Texas, Tenn. and Wyo. Source: Gerald Prante

states with no income tax. Stewart illustrated this point in two At the bottom of the Times story brilliant pieces last year. Because he was an important fact for New York lives in New York City and much of City.The federal increases mean the his compensation is freelance book top marginal tax rate for city million- royalties, Mr. Stewart pays regular aires is virtually the same as Califor- income taxes, the federal alternative nia’s, at 51.7%. Some of the Democ- minimum tax, the self-employment ratic candidates for mayor want to federal payroll tax, the city income raise it so that New York City can tax, the unincorporated business tax, again boast the highest tax rate in the even the MTA payroll tax.His effec- land.They think this is a good idea. tive tax rate was 37% in 2010 (com- The accompanying chart, taken pared with Mitt Romney’s 13.7% from a study of state tax rates by Ger- GREG DAVID that year), before dropping to 33% in ald Prante at Lynchburg College in 2011. He paid 74% of all his taxable Virginia,shows the competitive posi- income to governments in 2010. tion of New York City, the rest of the tain amount. For federal payers, it’s Mr.Stewart makes it plain he’s not state and the other high-tax states. $450,000 for families under the latest leaving the city he loves. The Times Remember,New York is the only city Washington deal, and in New York quotes entertainment zillionaire in the U.S. with a progressive income City, it’s $2 million for families. For David Geffen saying the same about tax.Most other places impose payroll some New Yorkers, their effective tax California. The question is whether taxes, paid primarily by employers. rate—taxes paid as a percentage of all everyone else who is rich agrees.The “Marginal” refers to the highest their income—is even more painful. next year or two will show how much tax rate, applied to income over a cer- New York Times columnist James taxes matter to rich people.

February 11, 2013 | Crain’s New York Business | 11 IN THE BOROUGHS BRONX

State. Shortly after, the city dropped FROM ‘Road to nowhere’ the idea of removing the expressway, AROUND streetsblog / saying the idea was flawed. Continued from Page 3 ects such as providing safe pedestri- The city’s Economic Develop- THE CITY partment of Transportation gave an access between residential areas ment Corp. declined to comment

the city $1.5 million to study the and the Bronx River Greenway. kazis noah on any connection between the two BRONX possibility of tearing down the They are also looking at HARD ROAD: Convoluted pedestrian access projects. Sheridan and explore op- creating a pedestrian- over the Sheridan Expwy. to Starlight Park “I was very displeased,”said Rep. Craft brewery will tions for improving the SOUTH friendly corridor of new José Serrano, who helped fund the corridor. BRONX parks, housing and busi- study that was supposed to look at live up to its name nesses along the ground- been about bigger themes. removing the highway, among oth- A year and a half after it was born, What’s next level portion of the ex- “Our plan is really about building er possibilities.“After so many years the Bronx Brewery finally has All that came to an end, 72 pressway, and creating a stronger comprehensive develop- of suffering from the ill effects of enough money to live up to its name. however, last May, when NUMBER OF new ramps from the ment agenda for our community,” planning decisions, we deserve no The craft-beer company has signed schools in area the city abruptly an- around the Bruckner directly to the said Ms. Terry-Sepulveda. less than a full assessment of all of a lease to open its own brewery in the nounced it was no longer Sheridan Hunts Point Food Dis- our options.” South Bronx. considering getting rid of tribution Center to keep Keeping Terminal jobs The community’s sense of be- “We’re super-pumped. It’s what the expressway and was trucks off neighborhood It turns out that for the city, dis- trayal was made complete last we’ve been working toward for a removing that option from 0.5/ streets. cussions about the Sheridan Ex- month, when the produce market long time,” said General Manager the study. Since then, The Sheridan itself pressway have been about some- rejected the city’s latest offers to add Chris Gallant, whose company is community activists, one 1,000 carries about 50,000 ve- thing far bigger as well: the Hunts another 10 years to its lease—leav- currently brewing beer at another RATIO OF park after another, have reluc- acreage per hicles per day, most of Point Terminal Market. ing open the possibility that the facility in Connecticut. tantly thrown in the towel person, one-fifth them trucks hauling pro- The city had been in lease nego- merchants may yet relocate. The new brewery will be housed on demolition. the NYC duce to and from the tiations for the better part of a year Meanwhile, the city is scheduled in a warehouse on Walnut Avenue in In December, the recommended Hunts Point wholesale with the merchants in the Hunts to publish its findings from its study the heart of the Port Morris section. figure Southern Bronx River markets. Point Terminal Produce Cooper- in June. For the first time in more It will include a couple of neighbor- Watershed Alliance, a Activists citywide ative, in an attempt to keep it and its than a decade, demolition will not hood-friendly features: a taproom coalition of community 25% were caught off guard by 7,000 jobs in the city. New Jersey be part of the discussion. and a 5,000-square-foot backyard organizations, hosted a ADULT the city’s about-face. But had been doing its best to woo the “In [ June], the city will share its for beer drinkers in the summer. town-hall meeting at a obesity rate coalition leaders like Kel- market across the Hudson. ideas for how to improve pedestrian “The whole area is already Sources: NYC.gov, Mayor’s high school right next to Office of Environmental lie Terry-Sepulveda, ex- Then last spring, Matthew safety and reduce traffic conges- changing quite a bit,” said Mr. Gal- Coordination; the expressway to discuss Southern Bronx River ecutive director of non- D’Arrigo, co-president of the pro- tion,” said Veronica Vanterpool, lant. “Restaurants and condos are Watershed Alliance; NYC the group’s revamped mis- health stats profit community arts duce cooperative, cautioned that executive director of the Tri-State popping up. ” sion. organization the Point any plans to tear down the Sheridan Transportation Campaign. “The Mr. Gallant’s goal is to open the Now the various organizations CDC,insist that any discussions in- would encourage his members to community has waited a long time brewery by the end of the year. are focusing their energies on proj- volving the Sheridan have always shift their operations to the Garden to hear these ideas.” Ⅲ —anika anand

REAL ESTATE DEALS

BARE BONES “We’re in talks with a lot of de- velopers to take prospective com- Regus adds yet munity-use space in their develop- ments,” said Neal Ohm, the broker who represented New York Kids another site in city Club founder Pamela Wolf. —adrianne pasquarelli

egus, the biggest of a growing number of companies offering office suites, has just Game maker inked a lease for about 40,000 square feet bursts through at 3 World Financial Center, the 53-story tower’s entire 24th floor. Usually, if an office tenant wants to RThe space adds a downtown location for the com- expand in a building in Manhattan, pany, which has at least 10 existing operations in the it only has to hop on the elevator in 521 FIFTH AVE. 1441 BROADWAY 103 MERCER ST. city, including one at 245 Park Ave., which, like 3 search of space on another floor. ASKING RENT; TERM: ASKING RENT; TERM: ASKING RENT; TERM: WFC, is owned by Brookfield Properties. Avalanche Studios is going in $55 per square foot; $49 per square foot; $400 per square foot; Office suites cater to tenants that seek temporary another direction. It just signed a 15 years seven years three years quarters or want the accoutrements of an office envi- deal to add 8,000 square feet to its SQUARE FEET: 21,000 SQUARE FEET: 21,700 SQUARE FEET: 300 ronment without having to spend the time—or com- lease at 536 Broadway by knocking TENANT; REP: Chinatrust TENANT; REP: By Design; TENANT; REP: Hat Club; mit their own capital—to lease and furnish their own space. down a wall and going next door. Commercial Bank Ltd.; Mark Kritzer of Millennium Josh Lewin of Isaacs Regus will pay rents in the mid-$50s for the floor at 3 WFC, in a deal The firm, a video game develop- Soon Rhee of First New Realty and Co. York Realty Brokers that spans about 10 years. er responsible for hits like Just LANDLORD; REP: Leon LANDLORD; REP: Julian Mark Ravesloot, a broker at CBRE Group Inc., represented the tenant. Cause, will stretch out into neigh- LANDLORD; REPS: SL Charney; Richard & Sara; Sufyan Sigg of John Wheeler, a broker at Jones Lang LaSalle, is the agent for both 1 and boring buildings 532 and 530 Broad- Green Realty Corp.; Tara Doolittle of Murray Hill Sinvin Real Estate 3 World Financial Center for Brookfield and represented the landlord. way, bringing its total acreage to Stacom and Barry Zeller Properties of Cushman & Wakefield BACK STORY: Arizona- —daniel geiger about 18,000 square feet. BACK STORY: The based Hat Club, keen The expansion is unusual in a BACK STORY: company will take a full to get a foothold in vertical city and possible only be- Chinatrust—one of the floor, which it will use as SoHo, will replace a largest private banks in an office space and longstanding childrens- Billyburg parents’ feet on the ground floor and a 3,900- cause landlord Thor Equities owns Taiwan—is scheduled to showroom, according to wear shop after buying square-foot basement. The asking the three adjacent properties, which move into the building in The Commercial out the final years of its ship comes in price was $3.6 million, though the total about 200,000 square feet. March, according to The Observer. lease. contract is edging closer to $2.8 mil- Having one large floor is gener- Commercial Observer. Williamsburg’s growing population lion, according to brokers. ally preferred because it offers ten- of parents with young children will Twelve-year-old New York Kids ants a closer-knit layout for staff and soon have a new entertainment op- Club has been expanding aggres- is more efficient. ny currently employs 60 people here, will stretch to 2022, to be cotermi- tion. New York Kids Club, a private- sively in recent months. Several “We’re very big on collaboration, but has plans to grow to 100 during nous with its current lease. The ly held day camp, preschool and par- weeks ago, it signed a 15-year lease so to be able to stretch out horizon- the next three years. It is one of the company will pay rent in the high ty site, is in the final stages of buying for 4,200 square feet at 88 Leonard tally rather than take another floor only game developers to station pro- $50s per square foot for the space. the retail condominium at 2 Northside St. in TriBeCa. There, the tenant is was huge for us,” said David Grijns, grammers and creative staff here. Christel Engel, a broker with Piers,the big Toll Brothers residential paying nearly $42 a square foot.New general manager of the Stockholm- Ira Rovitz, a broker with New- Colliers International, represented development along the East River. York Kids Club has seven other lo- based firm’s New York operation. mark Grubb Knight Frank, repre- Thor Equities in the deal. The condo includes 5,300 square cations in Manhattan and Brooklyn. Mr. Grijns said that the compa- sented Avalanche in the deal, which —daniel geiger

12 | Crain’s New York Business | February 11, 2013 SMALL BUSINESS INSIDE THE LIST NY area’s largest M&A deals PAGE 16 ‘We’ve done a really good job of doing more with less’ REPORT —Colleen Galvin, Department of Small Business Services, Page 14

THE SCOOP: M.B.A.s, Rovshan Danilov reopened his Brooklyn yogurt shop docs try after receiving help from the city’s Emergency Loan Fund and Matching freelance Grant Program. route Specialized firms make it easier for highly trained pros to pick up gigs

BY JANICE FIORAVANTE

Peter Gulliver, 33, worked at Booz & Co.,but left to join a new startup that didn’t pan out. Pon- dering what to do next, he re- membered a classmate at Yale School of Management, where he’d earned his M.B.A. in 2009, who had wanted to start a com- pany that would register M.B.A.s for project work. So he called Daniel Callaghan, who had gone ahead and opened a firm called MBAandCo.com in London in 2009. This past May, Mr. Callaghan kicked off a PERCENTAGE23% New York of temps with no outpost. Mr. interest in a permanent job Gulliver, who Source: American lives on the Staffing Association Upper West Side, worked this past spring and summer on freelance proj- ects he discovered through MBAandCo.com’s staff and website. One of his projects included working for an online database company for three months—to develop a resource tool for oil and gas exploration—during which he traveled to Brazil. The second Scooping out Sandy project, also three months long, brought him in-house at a man- agement consultancy to work Two initiatives help biz owners recover from superstorm closely with a team on a new sales strategy. buck ennis buck ennis “It’s definitely made me think about the independent route—I He desperately surfed the Web for CLASS ACTION Goldman Sachs (through its Urban love the flexibility,” said Mr. BY CARA S. TRAGER help. Mr. Danilov, a principal in the Investment Group) and the New Gulliver, adding that he’s able to three-year-old Arbuz Frozen Yogurt, Attendance at NYC York Bankers Association. scale his hourly rates so they Rovshan Danilov knew his dessert learned about two initiatives aimed at Business Solutions courses Second:the NYC Matching Grant compare with what he made at café in Brooklyn’s Sheepshead Bay helping local businesses recover from Program, a foundation-supported ef- Booz & Co. was sunk—literally—after Hurricane the hurricane. 6,121 fort that has $5.5 million in funds and Meanwhile, revenue at Sandy. First: the city’s Emergency Loan is administered by the New York Busi- MBAandCo.com, projected to Courtesy of the superstorm last Fund, a $15 million program run by 4,593 ness Development Corp.in collabora- be in excess of $2 million in 2012, October, water had seeped under his the Department of Small Business tion with Small Business Services. should jump 60% this year, said eatery’s front door, rising waist-high Services through NYC Business So- Early in January, after a $200,000 Mr. Callaghan, who noted the before receding and destroying every- lutions in partnership with the New top-to-bottom renovation, Arbuz firm is breaking even. thing in its path, including the busi- York Business Development Corp. opened—fully restored and opera- Home of the Freelancers ness’s floors, walls, electricity, equip- and funded by the New York City tional,thanks to a $25,000 emergency Union, New York City has long ment and furnishings. Economic Development Corp., 2010 2012 See CITY’S on Page 14 See M.B.A.s on Page 15

February 11, 2013 | Crain’s New York Business | 13 REPORT SMALL BUSINESS

After the Center for an Urban by putting the most popular courses Future, a think tank, said in a report online and seeks new sources of last August that SBS “could do more funding to accomplish that goal. City’s post-Sandy lifelines Two months after launching his to help small firms understand and adopt technology into their busi- demolition company,Marc Alleyne Continued from Page 13 ry a 1% interest charge for the fol- “We’ve done a really good job of nesses,” the agency expanded its scored his first signed contract— loan from the city fund, a $10,000 lowing 24 months. doing more with less,” said Colleen tech-training courses and their ac- with a large general contractor, matching grant and the personal But like the many small busi- Galvin, the Department of Small cessibility to the city’s entrepreneurs. courtesy of his participation in savings of Mr. Danilov. nesses it assists,SBS has seen its own Business Services’ assistant com- NYC Teaming. A partnership of “There’s only so much of my own fortunes wax and wane, making it missioner of capital access and busi- Tech courses SBS and American Express Open, savings I could put into the busi- necessary to take strategic steps to ness services. With Citi Community Devel- the no-fee program encompasses ness,”said Mr.Danilov,whose prof- achieve its goals. In fiscal year 2012, SBS, which employs 223 full- opment, an arm of Citigroup, SBS workshops and webinars on a range itable café generated $250,000 in the department’s budget sank to time staffers, has curtailed its ex- has created the NYC Technology of topics (including the ways small revenue last year and projects penses by doing everything from not Coalition to offer technology and businesses can benefit from al- $300,000 in sales this year. “The filling certain positions left vacant computer courses to small business- liances with large contractors), as loan and grant were lifelines.” Everything from through attrition to tweaking the es in low- and moderate-income well as a networking component Launched in 2002 under Mayor number of sessions it offers for dif- communities. The coalition’s mem- that gives small businesses an op- Michael Bloomberg, Small Business arranging loans ferent courses, said Ms. Galvin. In bers—which include the Women’s portunity to meet sizable contrac- Services aims to help entrepreneurs 2011, for example, NYC Business Housing & Economic Develop- tors to pursue deals. start, build and expand their busi- to offering tech Solutions trimmed its “Mastering ment Corp., West Brighton Com- “It fostered a sense that you can nesses within the five boroughs. It Marketing” course from an eight- munity Local Development Corp., start your own business,” said Mr. provides everything from legal and courses session to a three-session series Queens Economic Development Alleyne, a former ironworker who recruitment assistance to a robust cat- upon noticing a dropoff in partici- Corp., East Harlem Business Capi- had been injured on the job and was alog of some 500 courses, including pant retention after the third class. tal Corp. and the Local Develop- unemployed for a year before buying the how-tos of marketing and using NYC Business Solutions has ment Corp. of East New York—can a truck, tools and insurance and technology.Now Sandy has put a new also tapped large tech companies use their own instructors or those launching Rosedale, Queens-based spotlight on the agency,which has ex- for pro bono content development from NYC Business Solutions to Spartan Demolition Co.The eight- panded its support to help storm- $146 million, from $169.4 million and instruction. Its six-month-old teach the courses in their areas. month-old firm, which has yet to ravaged small businesses get back on in fiscal 2010. Small Business Digital Toolkit, a The “next frontier” is online reach profitability, now employs six track and is often their only lifeline. The budget for courses offered partnership with NYC Digital, en- learning, said Ms. Galvin. The workers and generated $210,000 in through NYC Business Solutions, lists Mashable, a site covering dig- agency wants to increase efficiency revenue last year. Ⅲ $9.5M in loans an SBS initiative started in 2005, ital innovation, to provide instruc- The agency’s post-Sandy efforts has also seen better days. tion on leveraging social media, have involved helping companies Funded by the U.S. Depart- and Google to offer online adver- access free space, supplies and other ment of Housing and Urban De- tising techniques, while blog- services, as well as U.S. Small Busi- velopment’s Community Devel- hosting platforms Tumblr and ness Administration loans, and its opment Block Grant Program, the Weebly have contributed to how- website features an interactive map NYC Business Solutions course to guides on launching a website. that allows small businesses to budget shrank 15% last year to NYC Digital is a part of the broadcast their reopening. On the $89,000, from $105,000 three Mayor’s Office of Media and En- financial front, the agency—as of years ago. During the same period, tertainment aimed at helping New Feb. 4—has facilitated recovery the number of NYC Business So- York realize its potential as a digi- loans to more than 400 small busi- lutions courses increased 18% (to tal city. The Toolkit course is of- nesses in the city for a total of more 495 last year, from 420 in 2010), fered online and through NYC than $9.5 million.The loans are free while course attendance jumped Business Solutions centers, which for the first six months and then car- 33% (to 6,121, from 4,593). are located throughout the city.

SPEED AND ADAPTABILITY FACILITATE GROWTH buck ennis SMALL FIRMS GET RELIEF AFTER SANDY SINCE SUPERSTORM SANDY HIT, more than 400 small businesses throughout the five boroughs have been approved for loans from the the Emergency Loan A hummingbird’s heart rate can reach 1,260 beats per minute while hovering to feed. At night, or when food is not readily available, they enter a hibernation-like state, Fund, a $15 million program administered by the Department of Small slowing the heart rate to 50 to 150 bpm, reducing the need for food. Business Services via NYC Business Solutions. The loans, which provide up to $25,000 to help companies recover from business interruptions, are interest-free for the first six months, with a 1% We create conditions that are exactly right. interest charge for the next 24 months. According to SBS, Manhattan You can count on change. As one of the nation’s leading received the most loans because of its density of small businesses. accounting fi rms, WeiserMazars provides the resources, —CARA S. TRAGER experience and global expertise to help you adapt in a dynamically changing business landscape. HELPING HAND

Please contact Summary of approved loans Douglas A. Phillips | Managing Partner Borough No. of approved loans Total dollars approved 866.203.1733 | [email protected] Manhattan 160 $3,600,000 www.WeiserMazars.com/CNY Brooklyn 144 $3,300,000 Staten Island 53 $1,300,000 Queens 55 $1,200,000 Bronx 7 $164,000 WeiserMazarsWeiserMazars LLP LLPis an is independent an independent member member fi rm fiof rm Mazars of Mazars Group. Group. Exactly Right. TOTAL 419 ACCOUNTING | TAX | ADVISORY $9,564,000 ACCOUNTING | TAX | ADVISORY As of Feb. 4, 2013. Source: NYC Department of Small Business Services

14 | Crain’s New York Business | February 11, 2013 REPORT SMALL BUSINESS

man—the big management con- practice and others at academic and M.B.A.s, docs try freelance route sulting firms that ask for such high medical centers,” he said.“GLG of- rates because they have to pay for all fers them an efficient and easy way the consultants who aren’t working to engage in independent consult- at that moment—to say nothing of ing, too, as appropriate.” Continued from Page 13 the university. Locating these professionals was rent, benefits, etc.,” said Mr. GLG’s principal customers are been a friendly place for creative Despite setbacks that have once an issue, but technology has Callaghan, who is co-founder and mostly global professional compa- professionals who want to try served to strengthen compliance eliminated the barrier. Indeed, the president of MBAandCo.com. nies like strategy consulting, invest- self-employment—either because rules,more organizations are relying Internet may prove to be the biggest ment management and law firms— they’re between corporate gigs or on expert knowledge, in part be- expert network. Quora-type web- Practicing, consulting though GLG once helped a Special they prefer being in business for cause it’s cheaper than keeping pro- sites let people discuss serious topics GLG opened shop in Manhat- Forces team in Afghanistan find an themselves. fessionals on staff. According to and find answers without hiring an tan 12 years ago and today,with rev- expert to guide a village in develop- Places like MBAandCo.com and Manpower Group, nearly one in expert. GLG itself launched High- enue well north of $250 million, ing a chicken farm. expert networks like CognoLink, a four workers toil on a “contingent” Table last year as a social business employs 275 people, according to “The common challenge is a research firm that connects invest- basis, and the trend is expected to platform for conversations, ideas John Donoghue, head of new mar- ton of different questions about ment professionals with industry grow as companies choose to dial and answers. kets sales at GLG. products, technologies and opera- specialists, and AlphaSights, where their workforces up or down at a “Companies can offer work to “Most physicians in our network tional wherewithal,” said Mr. professionals offer clients insights moment’s notice. consultants without the middle- are still practicing, some in private Donoghue. Ⅲ in business niches, are making it easier for highly skilled folks like Mr. Gulliver to freelance, too. They’re also providing a steady stream of work for full-time profes- sionals, such as doctors, who want to pick up extra consulting work. The global financial crisis, a re- search gap at large brokerage firms and national health reform’s pres- When your star employee gets hurt, sure on medical organizations to cut labor costs are motivating highly ed- Afl ac will see him through. ucated professionals to seek tempo- rary projects. Venture-capital com- panies, including Union Square 1 Ventures, DFJ Gotham and Silver Over 50 million families worldwide count on Afl ac, the world’s Lake Partners, have been backing leading provider of voluntary insurance.2 This is what we do, firms that provide such contract and you can trust us to do it well. work. Silver Lake, for instance, sank Learn more at afl ac.com/business $200 million into expert network Experts are cheaper than professionals on staff

Gerson Lehrman Group Inc.,head- quartered in Manhattan. Michael Bingle, a managing director of Sil- ver Lake, which has an office on West 57th Street, sees the global market for such expertise as rapidly growing and “well positioned for continued growth.” While MBAandCo.com out- sources M.B.A.s and Ph.D.s for strategic, marketing or operational projects, expert networks provide specialists in highly focused areas. For example, they might provide an industry consultant to a steel com- pany interested in exploring the scrap-steel market and needing to learn more. Behind the decline Integrity Research Associates estimates the global expert network industry to have been $310 million in 2012.“It has declined because in- stitutional investor usage has plum- meted since 2010 due to insider- trading concerns,” said CEO Sanford Bragg, referring to the ar- rests of advisers for insider trading. In fact, in November a Universi- ty of Michigan medical-school pro- 1 Afl ac 2011 Year in Review 2 U.S. Worksite Sales Report Carrier Results for 2009, Eastbridge Consulting Group, Inc., Avon, Connecticut, April 2010. Afl ac’s family of insurers includes American Family Life Assurance Company of Columbus, American Family Life Assurance Company of New York, and Continental American Insurance Company. fessor working as an expert for GLG Z130002A was accused of passing inside infor- mation to a hedge-fund manager who allegedly traded on confiden- tial knowledge about a drug trial at

February 11, 2013 | Crain’s New York Business | 15 THE NY Area’s Largest Mergers and Acquisitions LIST Deals announced in 2012, ranked by value

Deal value, Primary industry Rank Target Buyers/investors in millions of target business Date announced Date closed THE SCOOP

NYSE Euronext Inc. IntercontinentalExchange Inc. $10,838.4 Specialized finance 12/20 Pending 1 Manhattan Atlanta ncertainty in the EP Energy Apollo Global Management, $8,187.0 Oil and gas exploration and production 2/24 5/24 global marketplace 2 Houston Access Industries Inc., Riverstone Holdings1 caused turbulence in Manhattan the local mergers and Amylin Pharmaceuticals Inc. Bristol-Myers Squibb Co. $6,942.4 Biotechnology 6/29 8/7 acquisitions world 3 San Diego Manhattan Ulast year. New York City buyers and Lehman Brothers Holdings Inc. Not disclosed (unknown minority stake) $6,400.0 Investment banking and brokerage 4/7 Pending targets saw just 2,037 deals, down 4 Manhattan 9.1% from 2011, according to re- search provided to by S&P Warnaco Group Inc. PVH Corp. $3,959.2 Apparel, accessories and luxury goods 10/29 Pending Crain’s Manhattan Manhattan Capital IQ. 5 The largest local acquisition was Hudson City Bancorp Inc. M&T Bank Corp. $3,810.8 Thrifts and mortgage finance 8/27 Pending that of NYSE Euronext,an internation- 6 Paramus, NJ Buffalo, NY al operator of financial markets and Cheniere Energy Partners The Blackstone Group’s private-equity group2 $3,400.0 Oil and gas storage and transportation 2/25 Pending provider of trading technology, by 7 Houston Manhattan global markets operator Interconti- TransUnion Corp. Advent International Corp., $3,310.4 Research and consulting services 2/17 4/30 nentalExchange in a deal valued at 8 Chicago Goldman Sachs Group’s merchant $10.8 billion. The transaction will banking division be completed in the second half of Manhattan this year. In 2011, however, the Kinder Morgan Inc., Kelso & Co.4 $3,300.0 Oil and gas storage and transportation 3/15 11/13 largest local deal was for more than 9 Trailblazer Pipeline Co. 3 Manhattan triple that value, at $33.6 billion. Various locations, United States “In addition to the presidential CVR Energy Inc. Icahn Enterprises Holdings (69.25%) $3,230.9 Oil and gas refining and marketing 2/16 5/18 election and the eurozone crisis, the 10 Sugar Land, TX Manhattan debt ceiling was a tremendous rea- Yankees Entertainment News Corp. (49%) $3,000.0 Broadcasting 11/20 11/30 son for M&A to be depressed at the 11 & Sports Network Manhattan large-cap level,” said Amanda Manhattan Levin, who edits coverage of the American Realty Capital Trust Inc. Realty Income Corp. $2,916.4 Diversified REITs 9/6 Pending Americas for Mergermarket,a publi- 12 Manhattan Escondido, CA cation of Mergermarket Group, a global research firm that tracks McGraw-Hill Education Inc. Apollo Global Management $2,747.0 Publishing 11/26 Pending Manhattan Manhattan mergers and acquisitions. 13 Middle-market companies, or Party City Holdings Inc. Thomas H. Lee Partners $2,690.0 Specialty stores 6/4 7/27 those worth between $100 million 14 Elmsford, NY (unknown majority stake) and $1 billion, were not hit as hard, Boston Ms. Levin added. Affinity Water Ltd. (90%) M&G Investment Management Ltd., $2,640.7 Water utilities 6/28 6/28 Seven of the deals on Crain’s list 15 Hatfield, England Morgan Stanley Infrastructure Inc. were in financial services, a sector Manhattan that saw the statewide number grow Inhibitex Inc. Bristol-Myers Squibb Co. $2,579.0 Biotechnology 1/7 2/10 by 19%, to 50, and value grow by 16 Alpharetta, GA Manhattan 172%, to $24.7 billion, in 2012, ac- Jefferies Group Inc. Leucadia National Corp. (remaining 71.44%) $2,562.5 Investment banking and brokerage 11/11 Pending cording to Mergermarket. 17 Manhattan Manhattan “There are a lot of regulations AboveNet Inc. Zayo Group $2,333.1 Alternative carriers 3/18 7/2 going into effect this year, so I think 18 White Plains, NY Louisville, CO because of that, we are seeing quite a bit of activity in the financial- USI Holdings Corp. Onex Corp. (unknown majority stake) $2,300.0 Property and casualty insurance 11/25 12/27 Briarcliff Manor, NY Toronto services sector,” said Ms. Levin. “It 19 definitely started a bit last year and Los Angeles Dodgers Inc. Guggenheim Partners, individual investors $2,002.0 Sports and entertainment 3/26 4/30 will continue into this year as well.” 20 Los Angeles Manhattan Consumer goods—which in- Access Midstream Partners Global Infrastructure Partners (42.72%) $2,000.0 Oil and gas storage and transportation 5/29 6/29 clude apparel, specialty stores and 21 Oklahoma City Manhattan movies—also fared well in 2012, Vivint Inc. The Blackstone Group’s private-equity group $2,000.0 Consumer electronics 9/19 11/19 mostly because confidence is on the 21 Provo, UT Manhattan rise, said Martyn Curragh, U.S. transaction services leader at Price- Veolia ES Solid Waste Inc. Highstar Capital $1,909.0 Environmental and facilities services 7/18 11/20 Milwaukee Manhattan waterhouseCoopers. 23 Eight of the top 30 deals in New IBL Limited Inc. and Studio 6 Blackstone Real Estate Advisors $1,900.0 Hotels, resorts and cruise lines 5/22 10/2 York City fell into this category; 24 Various locations, United States Manhattan statewide, the value of consumer Formula One Administration Ltd. (21%) BlackRock Inc.5 $1,600.0 Sports and entertainment 5/22 5/22 deals grew nearly sevenfold, to $7.8 25 London, England Manhattan billion.The largest local acquisition Archstone-Smith Trust Lehman Brothers Holdings Inc. (remaining 26.5%) $1,580.0 Residential REITs 5/24 6/6 among consumer-goods firms was 26 Englewood, CO Manhattan the purchase of apparel firm Warnaco Group Inc. PVH Comverse Technology Inc. Verint Systems Inc. $1,540.0 Application software 8/12 Pending by fashion company Corp. 27 Manhattan Melville, NY (No. 5) in a deal valued at $4 billion. Fougera Pharmaceuticals Inc. Sandoz Inc. $1,525.0 Pharmaceuticals 5/2 7/23 Experts are optimistic about Melville, NY Princeton, NJ 28 2013.One bright sign was the 154% CH Energy Group Inc. Fortis Inc. $1,500.4 Energy delivery 2/20 Pending quarter-over-quarter uptick in New 29 Poughkeepsie, NY St. John’s, Newfoundland and Labrador York state deal value in the last three Kenexa Corp. IBM $1,396.8 Application software 8/25 12/4 months of 2012. Already this year, 30 Wayne, PA Armonk, NY there have been several local multi- Source: S&P Capital IQ, (212) 438-8701, www.capitaliq.com; additional research by Suzanne Panara and Emily Laermer billion-dollar acquisitions an- nounced, like the $1 billion pur- New York area includes New York City and Nassau, Suffolk and Westchester counties. List includes announced transactions for which terms were disclosed and that were not canceled and in which a buyer or target was based in the New York area. Includes private-equity deals. Data on announced deals are as of Jan. 29, 2013. In case deal value is tied, companies are listed alphabetically. 1-Additional parties: Korea National Oil Corp. chase of Harry Winston’s luxury 2-Additional parties: Cheniere Energy Inc., Cheniere LNG Terminals Inc. 3-Additional parties: Casper-Douglas, 50% interest in the Rockies Express Pipeline. 4-Additional parties: Magnetar Capital, the Energy & jewelry business by Swatch Group. Minerals Group, individual investors. 5-Additional parties: Norges Bank Investment Management, Waddell & Reed Financial Inc. Sectors expected to grow in 2013 in- clude oil and gas, financial services CHECK OUT NYC’S LARGEST TECH M&A DEALS AT WWW.CRAINSNEWYORK.COM/MULTIMEDIA/GALLERIES. and health care. —emily laermer

16 | Crain’s New York Business | February 11, 2013

TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM BUSINESS PUBLIC & LEGAL NOTICES DEVELOPMENT OPPORTUNITY THE PORT AUTHORITY OF NY & NJ REQUEST FOR PROPOSALS FOR THE PERFORMANCE OF EXPERT PROFESSIONAL OPERATIONS ANALYSIS AND SUPPORT SERVICES AS REQUESTED ON A “CALL-IN” BASIS DURING 2013 THROUGH 2017 The Port Authority of New York & New Jersey is seeking to identify firms interested in responding to Request for Proposals (RFP) for the Performance of Expert Professional Operations Analysis and Support Services as requested on a “call-in” basis during 2013 - 2017. Proposals are being sought in each of the following categories: Asset Lifecycle Management (RFP #32231) REQUEST Business Development (RFP #32232) FOR BIDS Customer Relationship Management (RFP #32233) Facility Operations (RFP #32234) A nonprofit organization is seeking quotes for equipment, materials, and subcontractor services RFPs may be obtained online at http://www.panynj.gov/business-opportunities/bid-proposal- under Federal Funding. Work includes: design advertisements.html?tabnum=6. Addenda to the RFP(s), if any, will be posted at this site. Monitor and installation of Closed Circuit Television the advertisement on the web site to ensure your awareness of any changes. If you have any equipment, design and installation of access technical problems accessing the documents online, email [email protected] or call us at control and ID systems, design and installation (201) 395-5229. 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DE address of LLC: c/o The IN and principal business addr.: Notice of Qualification of AECOM NOTICE OF FORMATION OF LIMITED Corporation Trust Co., 1209 Orange 11555 N. Meridian St., Ste. 220, Capital Management, LLC. Authority LIABILITY COMPANY. LVL-US, LLC,. St., Wilmington, DE 19801. Cert. of Carmel, IN 46032. Cert. of Org. filed TELECOMMUNICATIONS filed with Secy. of State of NY (SSNY) Articles of Organization were filed with Form. filed with DE Sec. of State, with IN Sec. of State, 302 W. NYC'S MOTOROLA on 01/30/13. Office location: NY the Secretary of State of New York 401 Federal St., Dover, DE 19901. Washington St., Indianapolis, IN County. LLC formed in Delaware (DE) (SSNY) 12/6/12. Office location: NY Purpose: all lawful purposes. 46204. Purpose: all lawful purposes. MOTOTRBO SPECIALISTS on 01/28/13. SSNY designated as County. SSNY has been designated agent of LLC upon whom process as agent of the LLC upon whom NOTICE OF FORMATION OF NOTICE OF FORMATION OF LIMITED against it may be served. SSNY shall process against it may be served MedGlobal Development, LLC. Arts LIABILITY COMPANY. NAME: mail process to c/o Corporation and shall mail a copy of process to of Org filed with Secy of State of NY PROTOTYPE ENTERTAINMENT LLC. Service Co. (CSC), 80 State St., LVL-US, LLC, 708 Third Avenue, (SSNY) on 12/27/12. Office location: Articles of Organization were filed Albany, NY 12207-2543. DE addr. of 20th fl., New York, New York, 10017, NY County. SSNY designated as with the Secretary of State of New LLC: c/o CSC, 2711 Centerville Rd., attention Rubin Ferziger. Purpose: agent upon whom process may be York (SSNY) on 01/14/13. Office Ste. 400, Wilmington, DE 19808. Arts. for any lawful purpose. served and shall mail copy of location: New York County. SSNY has of Org. filed with Secy. of State of DE, process against LLC to: 7014 13th been designated as agent of the LLC 401 Federal St., Ste. 4, Dover, DE METTY PROPERTIES LLC, a domestic Ave, Ste 202, Bklyn, NY 11228. upon whom process against it may be 19901. Purpose: Any lawful activity. LLC, Arts. of Org. filed with the SSNY Principal business address: 1562 served. SSNY shall mail a copy of on 12/31/12. Office location: New First Ave #388, NY, NY 10028. process to the LLC, 245 Fifth Avenue, Notice of formation of Taravelli LLC. York County. SSNY is designated as Purpose: any lawful act. Suite 1001, New York, New York 10016. Articles of Organization filed New York agent upon whom process against Purpose: For any lawful purpose. Sec. of State (“NYSS”) 10/24/12. the LLC may be served. SSNY shall NOTICE OF FORMATION OF Mana Office loc. New York County. NYSS mail process to: Cohen & Frankel, Massage Therapy and Acupuncture Notice of Formation of 500 FTW LLC. designated as agent of LLC upon LLP, 11 E. 44th St., Ste. 1800, NY, PLLC. Arts of Org filed with Secy of Arts of Org filed with Secy of State whom process against it may be NY 10017. General Purposes. State of NY (SSNY) on 11/28/12. of NY (SSNY) on 01/04/13. Office served. NYSS shall mail a copy of any Office location: NY County. SSNY location: New York County. SSNY process to c/o The LLC, 628 E. 20th ELITE M&D, LLC, Arts. of Org. filed designated as agent upon whom designated as agent of LLC upon whom 33 East 33rd Street with SSNY on 01/04/13. Off. Loc.: process may be served and shall process against it may be served. New York, NY 10016 St., Apt. 9F, NY, NY 10009. There is no specific date set for dissolution. New York County. SSNY designated mail copy of process against LLC to: SSNY shall mail process to: 500 FTW 212-532-7400 as agent of LLC upon whom process 302 Bedford Ave. #165 Bklyn, NY LLC, 521 Fifth Avenue, Suite 1804, www.metrocomradio.com Purpose: to engage in any lawful activity or act. against it may be served. SSNY 11249. Principal business address: New York, NY 10175. Purpose: To shall mail a copy of process to: The 78 Crosby St. NY, NY 10012. own the property located at 500 Fort Notice of Formation of 1255 Sunrise, LLC, 34 East Broadway #1, New Purpose: any lawful act. Washington Avenue, New York, NY. PUBLIC & LEGAL LLC. Articles of Organization filed with York, NY 10002. Purpose: to the Sec. of State of NY (SSNY) on engage in any lawful act. NOTICE OF FORMATION OF Tech-Over NOTICE OF FORMATION OF NOTICES 12-06-12. Office location: New York LLC. Articles of Organization filed Aurynion LLC. Arts of Org filed with Notice of Formation of Millstone County. SSNY has been designated NOTICE OF FORMATION of PPNY 10 with the Secretary of State of New Secy of State of NY (SSNY) on Advisors LLC. Arts. of Org. filed as agent upon whom process against LLC (“LLC”.) Articles of Organization York on August 15, 2012. Office 10/1/12. Office location: NY County. Secy. of State of NY (SSNY) on it may be served and shall mail a filed with NYS Sec of State (“SSNY”) location: NY County. Secretary of SSNY designated as agent upon 1/7/13. Off. loc.: NY County. SSNY copy of any process against the LLC on 11/28/2012. Office location: New State of New York is designated as an whom process may be served and designated as agent of LLC upon to: CT Corporation System, 111 8th York County, NY. SSNY has been agent upon whom process may be shall mail copy of process against whom process against it may be Ave., New York, NY 10011. The designated as agent upon whom served and shall mail copy of process LLC to: 7014 13th Ave, Ste 202, served. SSNY shall mail process to: principal business address of the process against LLC may be served. against LLC to principal business Bklyn, NY 11228. Principal business 233 E. 17th St., Apt. 1, NY, NY LLC is: 111 8th Ave., New York, NY SSNY shall mail a copy of process to address: 447 Broadway, 2nd Fl, NY, address: 222 E 34th St, Ste 1818, NY, 10003. Purpose: any lawful activity. 10011. Purpose: any lawful activity. the LLC, 1420 Rocky Ridge Dr., Ste. NY 10013. Purpose: Any lawful act. NY 10016. Purpose: any lawful act. 100, Roseville, CA 95661. Purpose: Notice of Qualification of LOGGERHEAD Notice of Qualification of CRT CAPITAL Own real estate and all lawful activity. NOTICE OF FORMATION of A LA Notice of Qualification of DELAWARE INVESTMENTS, L.L.C. Authority filed GROUP LLC. Authority filed with Secy. RUSSE FASHION BOUTIQUE, LLC. LIFE EQUITY INVESTORS, LLC. with Secy. of State of NY (SSNY) on of State of NY (SSNY) on 01/16/13. Notice of Qualification of NEBCO Article of Organization filed with the Authority filed with Secy. of State of NY 01/15/13. Office location: NY County. Office location: NY County. LLC Insurance Services, LLC. App. for Secretary of State of NY (SSNY) on (SSNY) on 12/27/12. Office location: LLC formed in Delaware (DE) on formed in Delaware (DE) on 02/01/12. Auth. filed Secy. of State of NY (SSNY) 12/14/2012. Office location: NY NY County. LLC formed in Delaware 07/24/12. Princ. office of LLC: 350 Princ. office of LLC: 1633 Broadway, on 1/7/13. Off. loc.: NY County. LLC County. SSNY has been designated (DE) on 12/26/12. SSNY designated Park Ave., 11th Fl., NY, NY 10022. 27th Fl., NY, NY 10019. SSNY formed in Delaware (DE) on 6/8/12. as agent upon whom process as agent of LLC upon whom process SSNY designated as agent of LLC designated as agent of LLC upon SSNY designated as agent of LLC against it may be served. The Post against it may be served. SSNY shall upon whom process against it may whom process against it may be upon whom process against it may be Office address to which the SSNY mail process to Attn: Corporation be served. SSNY shall mail process to served. SSNY shall mail process to served. SSNY shall mail process to: shall mail a copy of any process Service Co., 80 State St., Albany, NY c/o Corporation Service Co. (CSC), c/o Corporation Service Co., 80 c/o CT Corporation System, 111 8th against the LLC served upon him is 12207-2543, regd. agent upon whom 80 State St., Albany, NY 12207-2543. State St., Albany, NY 12207-2543. Ave., NY, NY 10011, the registered C/O United States Corporation and at which process may be DE addr. of LLC: c/o CSC, 2711 DE addr. of LLC: 2711 Centerville agent upon whom process may be Agents, Inc. 7014 13th Avenue, Suite served. DE addr. of LLC: 2711 Centerville Rd., Ste. 400, Wilmington, Rd., Ste. 400, Wilmington, DE 19808. served. DE address of LLC: 1209 202, Brooklyn, NY 11228. Purpose Centerville Rd., Ste. 400, Wilmington, DE 19808. Arts. of Org. filed with DE Arts. of Org. filed with DE Secy. of Orange St., Wilmington, DE 19801. of LLC: to engage in any lawful act DE 19808. Arts. of Org. filed with DE Secy. of State, Div. of Corps., 401 State, DE Div. of Corps., 401 Federal Arts. of Org. filed DE Secy. of State, or activity. Street address of Principal Secy. of State, John G. Townsend Federal St., Dover, DE 19901. St., Ste. 4, Dover, DE 19901. 401 Federal St., Ste. 4, Dover, DE Business location is: 433 E 75 St., Bldg., 401 Federal St., Dover, DE Purpose: Any lawful activity. Purpose: Any lawful activity. 19901. Purpose: all lawful purposes. Apt 22, New York, NY, 10021. 19901. Purpose: Any lawful activity.

18 | Crain’s New York Business | February 11, 2013 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of formation of The Chou Notice of Qualification of RELATED Notice of Qualification of 240 PARK Notice of Qualification of The Marketing Notice of Qualification of SYNOWLEDGE, Organization Holdings LLC. WILLETS, LLC. Authority filed with AVENUE SOUTH OWNER LP. Division, LLC. App for Authority filed LLC. Authority filed with Secy of Articles of Organization filed with the Secy. of State of NY (SSNY) on Authority filed with Secy. of State of with the Secy of State of NY (SSNY) State (SSNY) on 01/15/2013. Office Secretary of State of New York (SSNY) 12/11/12. Office location: NY County. NY (SSNY) on 01/24/13. Office on 1/4/13. Office loc: New York location: New York County. LLC on 06/20/2012. Off. loc.: NY County. LLC formed in Delaware (DE) on location: NY County. LP formed in County. LLC formed in DE on 6/12/09. formed in Delaware (DE) on 09/29/06. SSNY designated as agent of LLC 05/11/12. Princ. office of LLC: 60 Delaware (DE) on 01/23/13. Princ. SSNY has been designated as an SSNY designated as agent of LLC upon whom process against it may be Columbus Circle, NY, NY 10023. office of LP: Mr. Yitzchak Tessler, agent upon whom process may be upon whom process against it may be served. SSNY shall mail process to: The SSNY designated as agent of LLC Tessler Developments, LLC, 461 Park served and shall mail a copy of any served. SSNY shall mail process to: LLC, 140 Riverside Blvd., #319 NY, NY upon whom process against it may Ave. South, NY, NY 10016. SSNY process against the LLC served upon c/o National Registered Agents, Inc., 10069. Purpose: any lawful activity. be served. SSNY shall mail process designated as agent of LP upon it to c/o Corporation Service Company, 111 Eighth Ave., 13th floor, New York, to c/o Corporation Service Co. whom process against it may be 80 State Street, Albany, NY 12207- NY 10011. National Registered Agents, Notice of Formation of (CSC), 80 State St., Albany, NY served. SSNY shall mail process to 2543. Princ address of LLC: 1619 Inc. is the registered agent as well. FactoryOutletStore LLC. Arts. of Org. 12207. DE addr. of LLC: c/o CSC, the LP at the addr. of its princ. office. Broadway, FL 9, New York, NY 10019. Address required to be maintained in filed Secy. of State of NY (SSNY) on 2711 Centerville Rd., Ste. 400, Name and addr. of each general DE address of LLC: c/o Corporation home jurisdiction: 160 Greentree Drive, 6/22/12. Office location: NY County. Wilmington, DE 19808. Arts. of Org. partner are available from SSNY. DE Service Company, 2711 Centerville Ste.101, Dover, Delaware 19904. Arts. SSNY designated as agent of LLC filed with Secy. of State of DE, John addr. of LP: Corporation Service Co., Road, Suite 400, Wilmington, DE Of Org filed with DE Secy of State, upon whom process against it may G. Townsend Bldg., Federal and 2711 Centerville Rd., Ste. 400, 19808. Cert of Formation of LLC filed Division of Corporations, 401 Federal be served. SSNY shall mail process Duke of York Sts., Dover, DE 19901. Wilmington, DE 19808. Arts. of Org. on 6/12/09 with the Secy of State of St., Suite 4, Dover, DE 19901. Purpose: to: c/o The LLC, 1410 Broadway, Purpose: Any lawful activity. filed with Secy. of State of DE, Div. of DE loc at: Div of Corps, John G To engage in any activity for which 20th Fl., NY, NY 10018. Purpose: any Corps., John G. Townsend Bldg., Townsend Bldg, 401 Federal Street – LLCS may be formed under NY law. lawful activity. Notice is hereby given a license, 401 Federal St. - Ste. 4, Dover, DE Ste 4, Dover, DE 19901. Purpose of number (1268841) for on-premises 19901. Purpose: Any lawful activity. LLC: any lawful activity. APP FOR AUTH for XFA SECURITIES, Notice of Formation of A2A Liquor has been applied for by the LLC. App for Auth filed with SSNY CONSULTING LLC. Arts. of Org. filed undersigned to sell liquor at retail in NOTICE OF FORMATION OF KFD NOTICE OF FORMATION OF AVL 10/18/2012. LLC registered in with Secy. of State of NY (SSNY) on a Restaurant under the Alcoholic Public Relations, LLC. Arts of Org Piano Studio LLC. Arts of Org filed Delaware on 10/12/2012. Off. Loc.: 01/08/13. Office location: NY County. Beverage Control Law at 235 West filed with Secy of State of NY (SSNY) with Secy of State of NY (SSNY) on New York Co. SSNY designated as SSNY designated as agent of LLC 46th Street, New York, NY 10036 for on 11/13/12. Office location: NY 12/10/12. Office location: NY County. agent upon whom process against it upon whom process against it may on premises consumption. PH Cafe County. SSNY designated as agent SSNY designated as agent upon whom may be served. SSNY to mail copy be served. SSNY shall mail process LLC and Corso Coffee 46 Management, upon whom process may be served process may be served and shall mail of process to THE LLC C/O Edward to The Offices of Constantin, 575 LLC as manager D/B/A TBD and shall mail copy of process copy of process against LLC to: US Lynn, 61 Broadway, Suite 1110, New Madison Ave., 25th Fl., NY, NY against LLC to: Corp Service Co., Corp Agents, lnc., 7014 13th Ave, Notice of formation of Archipelago York, NY 10006. Purpose: Any lawful 10022. Purpose: Any lawful activity. 80 State St., Albany, NY 12207. Ste 202, Bklyn, NY 11228. Principal act or activity. Real Estate, LLC. Arts of Org Filed Purpose: any lawful act. business address: 77 Allen St, Ste 2A, N Y, NOTICE OF FORMATION OF with Secy Of State of NY on 1/8/13. NY 10002. Purpose: any lawful act. NOTICE OF FORMATION OF Cabin FREEDULGENCE LLC. Arts of Org Office Location: NY County. SSNY NOTICE OF FORMATION OF LIMITED Of Pockets In The Sky, LLC. Arts of filed with Secy of State of NY (SSNY) designated as agent upon whom LIABILITY COMPANY. NAME: 128 NOTICE OF FORMATION of Jersey Org filed with Secy of State of NY on 1/3/13. Office location: NY process may be served and shall FOR 64 HOSPITALITY LLC. Articles Mike’s 56th and 3rd LLC. Articles of (SSNY) on 11/13/12. Office location: NY County. SSNY designated as agent mail copy of process against LLC to of Organization were filed with the Organization filed with Secretary of County. SSNY designated as agent upon whom process may be served principal business address: 258 Secretary of State of New York State of New York (SSNY) on 12/21/12. upon whom process may be served and shall mail copy of process Riverside Drive, NY, NY 10025. (SSNY) on 01/30/13. Office location: Office location: NY County. SSNY and shall mail copy of process against LLC to principal business Purpose: any lawful act. New York County. SSNY has been has been designated as an agent against LLC to principal business address: 73 Worth St, Ste 5D, NY, designated as agent of the LLC upon Notice of Formation of BIEN CUIT - upon whom process against the LLC address: 146 W 57th St., #32L, NY, NY, 10013. Purpose: any lawful act. whom process against it may be CHRISTOPHER STREET, LLC. Arts. may be served. The address to NY 10019. Purpose: any lawful act. served. SSNY shall mail a copy of of Org. filed with Secy. of State of NY which SSNY shall mail a copy of any Notice of formation of 810-VE Laight, process to the LLC, 60 East 13th (SSNY) on 01/16/13. Office location: process against the LLC is to: Peter Notice of Formation of ARL 2013 LLC. LLC. Art of Org filed with the Sec of Street, 8D, New York, New York 10003. NY County. SSNY designated as Cancro, 2251 Landmark Place, Arts. of Org. filed with NY Dept. of State of NY (SSNY) on 12/18/12. Purpose: For any lawful purpose. agent of LLC upon whom process Manasquan, NJ 08736. Purpose: To State on 1/3/13. Office location: NY Office located in NY Co. SSNY has engage in any lawful act or activity. County. Sec. of State designated been designated for service of against it may be served. SSNY shall MEIGHT PRODUCTION LLC, Articles mail process to the LLC, 35 agent of LLC upon whom process process. SSNY shall mail copy of of Org. filed N.Y. Sec. of State (SSNY) Notice of Formation of AGMF, LLC. against it may be served and shall any process to the LLC c/o James E. Christopher St., NY, NY 10014. 22nd day of October, 2012. Office in Purpose: Any lawful activity. Arts. of Org. filed with Secy. of State mail process to: c/o CT Corporation Bishop, 902 Clint Moore Road, Ste. New York Co. at 540 Broadway, 5th of NY (SSNY) on 01/30/13. Office System, 111 8th Ave., NY, NY 10011, Floor, New York, New York 10012. 220, Boca Raton, Florida 33487. NOTICE OF FORMATION OF Noble location: NY County. SSNY desig- regd. agent upon whom process SSNY desig. agt. upon whom process Purpose: any lawful purpose. Grains NYC LLC. Arts of Org filed nated as agent of LLC upon whom may be served. Purpose: any lawful may be served. SSNY shall mail copy with Secy of State of NY (SSNY) on process against it may be served. activity. NOTICE OF FORMATION OF AVEC of process to 540 Broadway, 5th 11/27/12. Office location: NY County. SSNY shall mail process to Wilson NEW YORK LLC. Arts of Org filed Floors, New York, New York 10012. SSNY designated as agent upon whom Elser Moskowitz Edelman & Dicker NOTICE OF FORMATION OF ID with Secy of State of NY (SSNY) on Reg.Agt. upon whom process may be process may be served and shall mail LLP, Attn: Nicholas Caiazzo, 150 E. ATELIER LLC. Arts of Org filed with 11/16/12. Office location: NY served: Spiegel & Utrera, P.A., P.C. 1 copy of process against LLC to: c/o 42nd St., NY, NY 10017. Purpose: Secy of State of NY (SSNY) on County. SSNY designated as agent Maiden Lane, NYC 10038. 1 800 576- the LLC, 1500 Lexington Ave APT Any lawful activity. 11/9/12. Office location: NY County. upon whom process may be served 1100. Purpose: Any lawful purpose. SSNY designated as agent upon and shall mail copy of process 5B, NY, NY 10029. Principal business Notice of Formation of THE whom process may be served and against LLC to principal business address: 313 E 95th St, Ste 302, NY, NAME OF LLC: GIN&TONIC LLC. ALCHEMICAL LLC. Arts. of Org. shall mail copy of process against address: 1545 BELL BLVD BAYSIDE NY 10128. Purpose: any lawful act. ARTICLES OF ORG: FILED DEPT OF filed with Secy. of State of NY LLC to: US Corp Agents, Inc. 7014 NY 11360. Purpose: any lawful act. NOTICE OF FORMATION OF STATE OF NY ON 12/24/12. OFFICE (SSNY) on 12/20/12. Office location: 13th Ave, Ste 202, Bklyn, NY 11228. Notice of Formation of DKC STUDIO, Noodler, LLC. Arts of Org filed with LOCATION: NY COUNTY. NY SECY. NY County. Princ. office of LLC: Principal business address: 17 LLC. Arts. of Org. filed with Secy. of Secy of State of NY (SSNY) on OF STATE DESIGNATED AS AGENT 137 W 14th St., NY, NY 10011. Pershing Ave, Yonkers, NY 10705. State of NY (SSNY) on 09/19/12. 11/30/12. Office location: NY Co. OF LLC UPON WHOM PROCESS SSNY designated as agent of LLC Purpose: any lawful act. Office location: NY County. SSNY SSNY designated agent upon whom AGAINST IT MAY BE SERVED. upon whom process against it may NOTICE OF FORMATION OF FNK designated as agent of LLC upon process may be served and shall SECY. OF STATE SHALL MAIL A CC be served. SSNY shall mail process Enterprises LLC. Arts of Org filed whom process against it may be mail process against LLC to: 201 TO: J CATTAN, MEMBER AT 37 W to the LLC at the addr. of its princ. with Secy of State of NY (SSNY) on served. SSNY shall mail process to Varick St, #1, NY, NY 10014. 37TH ST., NEW YORK, NY 10018. office. Purpose: Any lawful activity. 1/16/13. Office location: NY County. Corporation Service Co., 80 State St., Principal business address: 234 NOTICE OF FORMATION OF CITY SSNY designated as agent upon Albany, NY 12207, regd. agent upon Thompson St, #16, NY, NY 10012. Notice of Formation of BHUTAN PROPERTY OF MID UPPER WEST, whom process may be served and whom and at which process may be Purpose: any lawful act. INVESTORS LLC. Arts. of Org. filed LLC. Arts of Org filed with Secy of shall mail copy of process against served. Purpose: Any lawful activity. with Secy. of State of NY (SSNY) on NOTICE OF FORMATION OF fuelsoul State of NY (SSNY) on 8/30/12. Office 01/28/13. Office location: NY County. LLC to: PO Box 61, Shrub Oak, NY ENRIQUE HERNANDEZ MD CARDIAC group LLC. Arts of Org filed with Secy location: NY County. SSNY designated Princ. office of LLC: 1350 Broadway, 10588-0061. Principal business & VASCULAR SERVICES PLLC, a of State of NY (SSNY) on 12/27/12. as agent upon whom process may NY, NY 10018. SSNY designated as address: 242 E 83rd St, NY, NY Prof. LLC. Arts. of Org. filed with the Office location: NY County. SSNY be served and shall mail copy of agent of LLC upon whom process 10028. Purpose: any lawful act. SSNY on 09/26/2012. Office loc: NY designated as agent upon whom process against LLC to principal against it may be served. SSNY shall Notice of Formation of MAH Associates, County. SSNY has been designated as process may be served and shall business address: 336 E 86TH ST. NY, mail process to Corporation Service agent upon whom process against it mail copy of process against LLC to: NY 10028. Purpose: any lawful act. LLC. Arts. of Org. filed with NY Dept. Co., 80 State St., Albany, NY 12207- of State on 5/15/12. Office location: may be served. SSNY shall mail 101 N. Brand Blvd.; 11th fl; Glendale, 2543. Purpose: Any lawful activity. process to: 41 River Terrace, Room CA 91203. Principal business Notice of Formation of MCH ARTS NY County. Sec. of State designated LLC. Arts. of Org. filed Secy. of State agent of LLC upon whom process 3605, NY, NY 10282. Purpose: To address: 425 E 79th St; Ste 2E; NY, Notice of Qualification of BREF Practice The Profession Of Medicine. NY 10075. Purpose: any lawful act. of NY (SSNY) on 1/8/13. Off. loc.: NY against it may be served and shall County. SSNY designated as agent BAHAMAS MANAGEMENT, LLC. mail process to: c/o Mintz & Gold LLP, of LLC upon whom process against Authority filed with Secy. of State of 470 Park Ave. South, 10th Fl. North, it may be served. SSNY shall mail NY (SSNY) on 12/20/12. Office NY, NY 10016, principal business process to: c/o Handro Management location: NY County. LLC formed in address. Purpose: any lawful activity. Want To Get Your Company Group LLC, 561 Seventh Ave., NY, Delaware (DE) on 12/12/11. Princ. NY 10018, Attn: Scott D. Galin. office of LLC: 200 Vesey St., 11th Fl., Notice of Formation of THE PIONEER Purpose: any lawful activity. NY, NY 10281. SSNY designated as SPORTS, LLC, a domestic Limited In Front Of New York City’s agent of LLC upon whom process Liability Company. Arts of Org filed NOTICE OF FORMATION OF against it may be served. SSNY shall with Secretary of State of NY on Influential Business Professionals? FRANZISKA FOX LLC. Arts of Org mail process to c/o Corporation 12/13/2012. Office location: Nassau filed with Secy of State of NY (SSNY) Service Co. (CSC), 80 State St., County. The street address is: 2370 on 1/9/13. Office location: NY County. Albany, NY 12207-2543. DE addr. of Elk Ct., N. Bellmore, NY 11710. Contact Joanne Barbieri at SSNY designated as agent upon LLC: c/o CSC, 2711 Centerville Rd., SSNY has been designated as agent whom process may be served and Wilmington, DE 19808. Arts. of Org. of the LLC upon whom process 212-210-0189 for classified shall mail copy of process against filed with DE Secy. of State, John G. against it may be served. SSNY shall LLC to principal business address: Townsend Bldg., 401 Federal St., mail process served to the LLC at advertising opportunities. 182 MULBERRY ST APT 5, NY, NY Ste. 4, Dover, DE 19901. Purpose: street address. Purpose: any lawful 10012. Purpose: any lawful act. Any lawful activity. act of activity.

February 11, 2013 | Crain’s New York Business | 19 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of TigerStar, Notice of Qualification of Group Sales Notice of Qualification of CE Renwick NOTICE OF FORMATION OF LIMITED Notice of Qualification of Zweig- LLC. Authority filed with Secy. of Box Office, LLC. App for Authority LLC. Authority filed with NY Dept. of LIABILITY (LLC) Name: Abigail DiMenna Focus Fund, L.P. Authority State of NY (SSNY) on 12/12/12. filed with the Secy of State of NY State on 12/18/12. Office location: NY Stewart, LLC. Articles of Organization filed with Secy. of State of NY (SSNY) Office location: NY County. LLC (SSNY) on 11/30/12. Office loc: New County. Princ. bus. addr.: 270 Lafayette filed with the Secretary of State of on 01/04/13. Office location: NY formed in Delaware (DE) on 11/28/12. York County. LLC formed in DE on St., Ste. 502, NY, NY 10012. LLC New York (SSNY) on December 6, County. LP formed in Delaware (DE) Princ. office of LLC: c/o T Capital 3/30/12. SSNY has been designated formed in DE on 12/11/12. NY Sec. of 2012. Office location: New York on 11/29/12. Princ. office of LP: Attn: Management, LLC, 725 Fifth Ave., 23rd as an agent upon whom process may State designated agent of LLC upon County. SSNY designated as agent Legal Dept., 900 Third Ave., NY, NY Fl., NY, NY 10022. SSNY designated be served and shall mail a copy of any whom process against it may be of LLC upon whom process against 10022. SSNY designated as agent of as agent of LLC upon whom process process against the LLC served upon served and shall mail process to: c/o it may be served. SSNY shall mail LP upon whom process against it may against it may be served. SSNY shall it to c/o Corporation Service Company, CT Corporation System, 111 8th Ave., copy of process to 140 E. 7th Street, be served. SSNY shall mail process to mail process to c/o Corporation 80 State Street, Albany, NY 12207- NY, NY 10011. DE addr. of LLC: The Suite 2K, New York, New York 10009. the Partnership at the princ. office of Service Co., 80 State St,, Albany, NY 2543. Princ address of LLC: 729 7th Corporation Trust Co., 1209 Orange Purpose: to engage in any lawful act the LP. Name and addr. of each general 12207-2543. DE addr. of LLC: 2711 Ave, FL 7, New York, NY 10019. DE St., Wilmington, DE 19801. Cert. of or activity for which a limited liability partner are available from SSNY. DE Centerville Rd., Ste. 400, Wilmington, address of LLC: c/o Corporation Form. filed with DE Sec. of State, company may be formed under addr. of LP: 2711 Centerville Rd., Ste. DE 19808. Arts. of Org. filed with Service Company, 2711 Centerville 401 Federal St., Dover, DE 19901. section 201 of the Limited Liability 400, Wilmington, DE 19808. Arts. of Secy. of State of DE, Div. of Corps., Road, Suite 400, Wilmington, DE Purpose: all lawful purposes. Company Law. Org. filed with DE Secy. of State, 401 John G. Townsend Bldg., 401 19808. Cert of Formation of LLC filed Federal St., Ste. 4, Dover, DE 19901. Federal St. - Ste. 4, Dover, DE on 3/30/12 with the Secy of State of LINGHUAN LLC, a domestic LLC, NOTICE OF FORMATION OF Purpose: Any lawful activity. 19901. Purpose: Any lawful activity. DE loc at: Div of Corps, John G Arts. of Org. filed with the SSNY on BRIDGEHAMPTON MOTOR CLUB Townsend Bldg, 401 Federal Street – 11/28/12. Office location: New York LLC. Arts of Org filed w/ Secy of Notice of Formation of HW/GW LLC. Notice of Formation of Lavan Ste 4, Dover, DE 19901. Purpose of County. SSNY is designated as State of NY (SSNY) 7/2/12. Office Arts. of Org. filed with Secy. of State Associates LLC. Arts. of Org. filed LLC: any lawful activity. agent upon whom process against location: NY Co. SSNY designated of NY (SSNY) on 12/21/2012. Office Secy. of State of NY (SSNY) on the LLC may be served. SSNY agent upon whom process may be location: NY County. Princ. office of 11/21/12. Off. loc.: NY County. KCT ABSTRACT LLC, Arts. of Org. shall mail process to: The LLC, 200 served and shall mail copy of LLC: c/o Schiff Hardin LLP, 666 5th SSNY designated as agent of LLC filed with SSNY on 12/13/12. Off. Loc.: E. 66 St., #D11-01, NY, NY 10065. process against LLC to: 302 Bedford Ave., 17th Fl., NY, NY 10103. SSNY upon whom process against it may New York County. SSNY designated General Purposes. Ave., #165, Bklyn, NY 11249. Prncpl designated as agent of LLC upon be served. SSNY shall mail process as agent of LLC upon whom bsnss addss: 220 Centre St, NY, NY whom process against it may be to: c/o R.A. Cohen & Associates, process against it may be served. Notice of Formation of Carole Aciman 10013. Purpose: any lawful act. served. SSNY shall mail process to Inc., 60 E. 42nd St., Ste. 850, NY, NY SSNY shall mail a copy of process PLLC. Arts. of Org. filed with NY Corporation Service Co., 80 State 10165. Purpose: any lawful activity. to: The LLC, 28 Elizabeth St., #200, Dept. of State on 1/24/13. Office NOTICE OF FORMATION OF CITY St., Albany, NY 12207-2543. New York, NY 10013. Purpose: to location: NY County. Sec. of State PROPERTY OF MURRAY HILL, LLC. Purpose: Any lawful activity. Notice of Formation of CWC HOLDINGS engage in any lawful act. designated agent of PLLC upon Arts of Org filed with Secy of State of LLC. Arts. of Org. filed with Secy. of whom process against it may be NY (SSNY) on 8/30/12. Office location: NOTICE OF FORMATION OF CITY State of NY (SSNY) on 01/18/13. 22ND STREET RESTAURANT GROUP, served and shall mail process to: NY County. SSNY designated as PROPERTY OF UNION SQUARE, LLC. Office location: NY County. SSNY LLC, a domestic LLC, Arts. of Org. c/o Carole Aciman, 301 Cathedral agent upon whom process may be Arts of Org filed with Secy of State of designated as agent of LLC upon filed with the SSNY on 1/14/13. Pkwy., 20G, NY, NY 10026. Purpose: served and shall mail copy of process NY (SSNY) on 8/30/12. Office location: whom process against it may be Office location: New York County. practice the profession of law. against LLC to principal business NY County. SSNY designated as served. SSNY shall mail process to SSNY is designated as agent upon address: 336 E 86TH ST. NY, NY agent upon whom process may be Notice of Formation of DAMES, LLC. Douglas B. Seckendorf, 180 E. 82nd whom process against the LLC may 10028. Purpose: any lawful act. served and shall mail copy of process Arts. of Org. filed with Secy. of State St., Ste., 5B, NY, NY 10028. be served. SSNY shall mail process against LLC to principal business of NY (SSNY) on 12/24/12. Office NOTICE OF FORMATION OF 656 St Purpose: Any lawful activity. to: The LLC, 54 W. 21 St., #905, NY, address: 336 E 86TH ST. NY, NY location: NY County. SSNY desig- Nick LLC. Arts of Org filed with Secy NY 10010. General Purposes. 10028. Purpose: any lawful act. Notice of Formation of The Ivan nated as agent of LLC upon whom of State of NY (SSNY) on 12/24/12. Gellegos Rivas LLC. Arts. of Org. 265 LAFAYETTE RISTORANTE LLC, process against it may be served. Office location: NY County. SSNY GLM SAN DIEGO, LLC, a domestic filed Secy. of State of NY (SSNY) on Arts. of Org. filed with the SSNY on SSNY shall mail process to the LLC, designated as agent upon whom LLC, Arts. of Org. filed with the SSNY 12/6/2012. Off. loc.: NY County. 12/12/2012. Office loc: NY County. 425 E. 58th St., Apt. 47A, NY, NY process may be served and shall on 12/19/12. Office location: New SSNY designated as agent of LLC SSNY has been designated as agent 10022. Purpose: Any lawful activity. mail copy of process against LLC to: York County. SSNY is designated as upon whom process against it may upon whom process against the LLC served upon him/her is: 72 Madison agent upon whom process against Notice of formation of Alemarc, LLC be served. SSNY shall mail process may be served. SSNY shall mail Ave, 6th Fl, NY NY 10016. Principal the LLC may be served. SSNY shall Arts. of Org. filed with the Sect’y of to: 1158 5th Ave., Apt. 5B, NY, NY process to: C/O G&D Restaurant business address: New York. mail process to: Maidman and State of NY (SSNY) on 11/28/2012. 10029. Term: until 12/31/2111. Associates LLC, 136 E. 57th St, Ste Purpose: any lawful act. Mittelman, LLP, 70 E. 55th St., NY, Office location: County of New York. Purpose: any legal purpose. # 600, NY, NY 10022. Purpose: Any NY 10022-3222. General Purposes. SSNY has been designated as agent NOTICE OF FORMATION OF 759 St Lawful Purpose. Latest date to dissolve 12/31/2042. NOTICE OF FORMATION OF CITY of the LLC upon whom process against Nick LLC. Arts of Org filed with Secy PROPERTY OF HARLEM, LLC. Arts NOTICE OF FORMATION OF CITY it may be served. SSNY shall mail of State of NY (SSNY) on 12/24/12. NOTICE OF FORMATION OF The of Org filed with Secy of State of NY PROPERTY OF TIMES SQUARE, LLC. process to: Eleven Madison Avenue, NY, Office location: NY County. SSNY Salembier Group, LLC. Arts of Org (SSNY) on 8/30/12. Office location: NY Arts of Org filed with Secy of State of NY 10010. Purpose: any lawful act. designated as agent upon whom filed with Secy of State of NY (SSNY) County. SSNY designated as agent NY (SSNY) on 8/30/12. Office location: process may be served and shall on 11/9/12. Office location: NY upon whom process may be served NOTICE OF FORMATION OF mail copy of process against LLC to: County. SSNY designated as agent NY County. SSNY designated as UNUSUAL MUSIAL TRANSPORT LLC. and shall mail copy of process agent upon whom process may be served upon him/her is: 72 Madison upon whom process may be served against LLC to principal business Arts of Org filed with Secy of State of Ave, 6th Fl, NY NY 10016. Principal and shall mail copy of process against served and shall mail copy of process NY (SSNY) on 10/5/12. Office location: address: 336 E 86TH ST. NY, NY against LLC to principal business business address: New York. LLC to principal business address: 10028. Purpose: any lawful act. NY County. SSNY designated as Purpose: any lawful act. The Salembier Group, LLC, 860 address: 336 E 86TH ST. NY, NY agent upon whom process may be 10028. Purpose: any lawful act. United Nations Plaza, Apt. 27A, NY, Notice of Formation of HESHANDSON, served and shall mail copy of process Notice Of Formation of Ice Rink Events NY 10017. Purpose: any lawful act. LLC. Arts. of Org. filed with Secy. of against LLC to principal business Of New York LLC. Arts. of Org. filed NOTICE OF FORMATION OF State of NY (SSNY) on 03/02/12. address: 40 Macdougal St unit 9, NY with the Sect’y of State of NY (SSNY) NOTICE OF FORMATION OF MELISSA Entertainment Athletica LLC. Arts of Office location: NY County. SSNY NY 10012. Purpose: any lawful act. on 3/15/12. Office location: NY A DOFT MD PLLC. Arts of Org filed designated as agent of LLC upon Org filed with Secy of State of NY County. SSNY designated as agent with Secy of State of NY (SSNY) on whom process against it may be (SSNY) on 5/11/12. Office location: JENNIFER HARMAN SMITH, upon whom process against LLC 10/23/12. Office location: NY County. served. SSNY shall mail process to NY County. SSNY designated as ARCHITECT, PLLC Articles of Org. may be served. SSNY shall mail SSNY designated as agent upon the LLC, 366 Amsterdam Ave., #201, agent upon whom process may be filed NY Sec. of State (SSNY) 1/4/13. process to LLC to: The LLC,c/o M.S. whom process may be served and NY City, NY 10024. Purpose: Any served and shall mail copy of process Office in NY Co. SSNY desig. agent Rapaport, Esq., 6th Fl., 18 East 48th shall mail copy of process against lawful activity. against LLC to principal b\usiness of LLC upon whom process may be Street, New York, N.Y. 10017. PLLC to: 1330 FIRST AVE, PH 1, NY, address:145 E 15th St Apt 16S, NY, served. SSNY shall mail copy of Purpose: any lawful act. NY 10021. Principal business NOTICE OF FORMATION OF NO NY 10003. Purpose: any lawful act. process to 330 E. 71st St., Apt. 5C, address: 655 PARK AVE, NY, NY THETA TECHNOLOGY LLC. Arts of NY, NY 10021. Purpose: To practice NOTICE OF FORMATION OF 101 10065. Purpose: any lawful act. Org filed with Secy of State of NY Notice of Formation of My My Love the profession of Architecture. West 78th LLC. Arts of Org filed with (SSNY) on 10/29/12. Office location: LLC. Arts. of Org. filed with Secy. of Secy of State of NY (SSNY) on Notice of Formation of JAJ Music, LLC. NY County. SSNY designated as State of NY (SSNY) on 1/10/13. LITTLE BE DESIGN LLC, a domestic 12/24/12. Office location: NY County. Arts. of Org. filed with Secy. of State of agent upon whom process may be Office location: NY County. SSNY LLC, Arts. of Org. filed with the SSNY SSNY designated as agent upon NY (SSNY) on 12/19/12. Office served and shall mail copy of designated as agent of LLC upon on 12/24/12. Office location: New York whom process may be served and location: NY County. SSNY designated process against LLC to principal whom process against it may be County. SSNY is designated as agent shall mail copy of process against as agent of LLC upon whom process business address: 111 Worth St. Apt served. SSNY shall mail process to: upon whom process against the LLC LLC to: served upon him/her is: 72 against it may be served. SSNY 14S, NY, NY 10013-4031. Purpose: The LLC, 7 E 47th St., NY, NY 10017, may be served. SSNY shall mail Madison Ave, 6th Fl, NY NY 10016. shall mail process to: National any lawful act. also the principal office. Purpose: process to: The LLC, c/o Tsubura Principal business address: New Registered Agents, Inc., 111 Eighth Ave., any lawful activities. Wilson, 611 Broadway, Ste. 508, NY, York. Purpose: any lawful act. NY, NY 10011, also the registered Notice of Qualification of AIF VIII NY 10012. General Purposes. agent. Purpose: any lawful activities. MANAGEMENT, LLC. Authority filed Notice of Qualification of LORELEI Notice of Qualification of CNG with Secy. of State of NY (SSNY) on PROPERTY LLC. Authority filed with Notice of Qualification of Cerberus Investment LLC. App. for Auth. filed Notice of Qualification of SLMC 12/19/12. Office location: NY County. Secy. of State of NY (SSNY) on AUS Levered Opportunities Master Secy. of State of NY (SSNY) on Sumeru GP, L.L.C. Authority filed with LLC formed in Delaware (DE) on 12/19/12. Office location: NY County. Fund GP, LLC. Authority filed with NY 11/27/12. Fictitious name in NY State: NY Dept. of State on 1/14/13. Office 10/23/12. Princ. office of LLC: 9 W. 57th LLC formed in Delaware (DE) on Dept. of State on 12/5/12. Office CNG Investment Holdings LLC. Off. location: NY County. Princ. bus. addr.: St., 43rd Fl., NY, NY 10019. SSNY 03/23/12. SSNY designated as agent location: NY County. Princ. bus. addr.: loc.: NY County. LLC formed in 2775 Sand Hill Rd., Ste. 100, Menlo designated as agent of LLC upon whom of LLC upon whom process against 875 Third Ave., NY, NY 10022. LLC Delaware (DE) on 6/7/12. SSNY Park, CA 94025. LLC formed in DE on process against it may be served. it may be served. SSNY shall mail formed in DE on 11/29/12. NY Sec. designated as agent of LLC upon whom 12/21/12. NY Sec. of State designated SSNY shall mail process to the LLC, process to c/o Sandra Viana Esq., of State designated agent of LLC process against it may be served. agent of LLC upon whom process Attn: John J. Suydam at the princ. Withers Bergman LLP, 430 Park Ave., upon whom process against it may be SSNY shall mail process to: c/o against it may be served and shall office of the LLC. DE addr. of LLC: 10th Fl., NY, NY 10022. DE addr. of served and shall mail process to: c/o Moses & Singer LLP, 405 Lexington mail process to: c/o CT Corporation c/o Corporation Service Co., 2711 LLC: c/o Corporation Service Co., CT Corporation System, 111 8th Ave., NY, NY 10174. DE address of System, 111 8th Ave., NY, NY 10011, Centerville Rd., Ste. 400, Wilmington, 2711 Centerville Rd., Ste. 400, Ave., NY, NY 10011. DE addr. of LLC: LLC: c/o National Registered Agents, regd. agent upon whom process may New Castle Cnty., DE 19808. Arts. of Wilmington, DE 19808. Arts. of Org. c/o The Corporation Trust Co., 1209 Inc., 160 Greentree Drive, Ste. 101, be served. DE addr. of LLC: 1209 Org. filed with The Secy. of State of filed with DE Secy. of the State, Div. Orange St., Wilmington, DE 19801. Dover, DE 19904. Arts. of Org. filed Orange St., Wilmington, DE 19801. DE, Dept. of State, Div. of Corps., of Corps., John G. Townsend Bldg., Cert. of Form. filed with DE Sec. of DE Secy. of State, 401 Federal St., Cert. of Form. filed with DE Sec. of John Townsend Bldg., Dover, DE 401 Federal St. - Ste. 4, Dover, DE State, 401 Federal St., Dover, DE Ste. 4, Dover, DE 19901. Purpose: State, 401 Federal St., Dover, DE 19901. Purpose: Any lawful activity. 19901. Purpose: Any lawful activity. 19901. Purpose: all lawful purposes. any lawful activity. 19901. Purpose: all lawful purposes.

20 | Crain’s New York Business | February 11, 2013 DIGITAL NY

HAILO TAXI APP TO Comcast takes swing at fantasy sports LAUNCH E-HAILING TAXI-HAILING APP HAILO already Media giant buys its retail user base. transaction and hosting fees, ac- developer of Commissioner.com, has 5,000 cabdrivers signed up The company will also seek to cording to the Fantasy Sports Trade which currently powers CBS as users with $100 million in Manhattan’s FanDuel build on media partnerships that Association. Sports’ fantasy offering. In 2005, sales, and the company hasn’t currently include the Sporting News Association President Paul London-based FUN Technologies even enabled electronic hailing in big play for share and Sports Illustrated. Charchian said there are hundreds paid $12 million for Minneapolis- yet. That will change soon. Last of lucrative market of thousands of fantasy sports sites, based Fanball, though it has since week, Hailo said its e-hailing Unique riff with only several hundred being been sold to Colorado-based Liber- service will launch in New York Comcast Ventures will place commercially viable. “This is not an ty Media and shuttered. this quarter, as soon as it partner Andrew Cleland on the industry that builds midsize compa- In 2006, NBC purchased Ro- receives approval from the Taxi BY JONATHAN BLUM board and take an undisclosed equi- nies organically,” he said. toworld, and in 2010, Yahoo gob- and Limousine Commission. ty position in the firm, which also Mr. Eccles said the operation bled up Citizen Sports, both for The company received omcast Ventures, the has an engineering back office in had 400,000 registered users who undisclosed sums. In 2012, Fantasy $30 million in funding from investing unit of Edinburgh, Scotland. Mr. Cleland paid $55 million in total entry fees Sports Ventures was acquired by the Union Square Ventures at the Philadelphia-based wrote in an email that Comcast’s last year, resulting in more than $50 Gannett Co. and its USA Today end of 2012. The funding deal Comcast Corp., motivation was simple:FanDuel is a million in cash prizes. Sports Media Group for a reported came through a week before the bought a chunk of up- market leader in fantasy sports. One player during football sea- $30 million. and-coming fantasy sports site Fan- “We estimate that it is three son repeatedly took home more TLC voted to allow e-hails. C Money on the table The Hailo app is already live Duel last week for $11 million. times larger than its nearest rival,” than $400,000 per month,with oth- Manhattan-based FanDuel is a rar- he said. ers earning in the six figures as well. Fantasy sports sites remain vul- in Chicago and Boston. The ity: a midsize company in a market FanDuel offers a unique riff on Comcast’s investment is one of nerable to changes in legislation, version for cabbies allows the dominated by giants such as Yahoo traditional fantasy sports. Instead of only a handful of deals of its size,ac- however. drivers to share information, Sports, ESPN, CBSSports.com, players paying upfront league fees, cording to fantasy sports industry “The only reason why fantasy such as traffic conditions, or the NFL and Fox Sports. picking a team and waiting for indi- analysts. “This kind of funding for sports are legal is because of a specif- how full airport lots are. That FanDuel will use the investment vidual results over a full season, the FanDuel is extraordinarily rare in ic exemption in the 2006 federal on- has gotten drivers here to use to double the size of its New York of- process is compressed, with the re- the fantasy sports world,” said Rick line gambling rules,” said Keith S. the application even though it fice to roughly 40 employees— sults based on a single day’s play. Wolf, founder of Pleasantville, Whyte,executive director at the Na- can’t yet connect them to fares. mostly marketing, sales and cus- “That allows us to offer a huge N.Y.-based Full Moon Sports Solu- tional Council on Problem Gam- “They believed, as we do, the tomer service positions—to expand variety of fantasy options,” founder tions, which advises fantasy sports bling, an industry-sponsored trade worst that could have happened Nigel Eccles said. “You can struc- companies on strategy and business group that studies gaming issues. was a delay,” said Hailo CEO Jay To sign up for Crain’s DIGITAL NY ture it any way you want to.” development. States may decide to tax the sites Bregman. “The benefits are too emails, go to www.crainsnewyork More than 35 million players in In 1999, Fort Lauderdale, Fla.- more heavily, said Mr. Whyte. “I good for drivers and passengers.” .com/newsletters. the U.S.and Canada spend a total of based SportsLine.com paid $31 cannot imagine a state will leave all —ALI ELKIN about $3.1 billion in a mix of league, million for Daedalus World Wide, that money on the table,” he said. Ⅲ

TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES GLN NEW YORK LLC, a domestic NOTICE OF FORMATION OF LIMITED NOTICE OF FORMATION OF Tristero Notice of Formation of Limited Liability Notice of Formation of AWILI LLC. LLC, Arts. of Org. filed with the SSNY LIABILITY COMPANY. NAME: BRH-1 Properties LLC. Arts of Org filed with Company (LLC) Name: 797 MADISON Arts. of Org. filed with NY Dept. of on 12/13/12. Office location: New HOLDINGS, LLC. Articles of Secy of State of NY (SSNY) on 11/8/12. REALTY, LLC. Articles of Organization State on 10/19/12. Office location: NY York County. SSNY is designated as Organization were filed with the Office location: NY County. SSNY filed by the Department of State of County. Princ. bus. addr.: 22 River agent upon whom process against Secretary of State of New York designated as agent upon whom New York on: 11/09/2012. Office Terrace, Apt. 7Q, NY, NY 10282. Sec. the LLC may be served. SSNY shall (SSNY) on 01/08/13. Office location: process may be served and shall mail location: County of New York. Purpose: of State designated agent of LLC mail process to: The LLC, c/o New York County. SSNY has been copy of process against LLC to: any and all lawful activities. Secretary upon whom process against it may Elisabeth M. Kovac, Esq., 90 Park designated as agent of the LLC upon InCorp Services, Inc., One Commerce of State of New York (SSNY) designated be served and shall mail process to: Ave., FL. 18, New York, NY 10016. whom process against it may be Plaza - 99 Washington Ave., Suite as agent of LLC upon whom process Corporation Service Co., 80 State General Purposes. served. SSNY shall mail a copy of 805-A, Albany, NY 12210-2822. against it may be served. SSNY St., Albany, NY 12207, regd. agent process to the LLC, 60 East 88th Principal business address: New shall mail a copy of process to: c/o upon whom process may be served. Notice of Formation of Nada Ray Street, Lower Level, New York, New York City. Purpose: any lawful act. Maniatis & Dimopoulos P.C., 700 Purpose: any lawful activity. Media LLC. Arts of Org. filed with NY York 10128. Purpose: For any lawful White Plains Road, Suite 338, Secy of State (SSNY) on 10/25/12. purpose. NOTICE OF FORMATION OF LIMITED Scarsdale, NY 10583. FIX IT SPOFFY LLC, a domestic LLC, Office loc: NY. SSNY is designated LIABILITY COMPANY. NAME: MINDY Arts. of Org. filed with the SSNY on as agent of LLC upon whom process Notice of Qualification of BLDG SCHWARTZ COACHING LLC. Notice of Qualification of Trian SPV VII-L, 12/5/12. Office location: New York against it may be served and shall CANAL LLC. App. for Auth. filed Articles of Organization were filed LLC. Authority filed with NY Dept. of County. SSNY is designated as mail process to 803 W. 180 St, #66, Secy. of State of NY (SSNY) on with the Secretary of State of New York State on 1/8/13. Office location: NY agent upon whom process against New York, NY 10033. Purpose: any 11/28/12. Off. loc.: NY County. LLC (SSNY) on 12/24/12. Office location: County. LLC formed in DE on 12/31/12. the LLC may be served. SSNY shall lawful activity. formed in Delaware (DE) on 7/9/12. New York County. SSNY has been NY Sec. of State designated agent of mail process to: Jeremy Spofford, SSNY designated as agent of LLC designated as agent of the LLC upon LLC upon whom process against it 215 E. 79th St., 5D, NY, NY 10075. NOTICE OF FORMATION OF upon whom process against it may whom process against it may be may be served and shall mail process General Purposes. Psychotherapy Space LLC. Arts of be served. SSNY shall mail process served. SSNY shall mail a copy of to the principal business addr.: 280 Org filed with Secy of State of NY to: c/o 417 Fifth Ave., 4th Fl., NY, NY process to the LLC, c/o Melvin B. Park Ave., 41st Fl., NY, NY 10017. DE NOTICE OF FORMATION OF RE Music (SSNY) on 1/18/12. Office location: 10016. DE address of LLC: c/o Berfond, Esq., 277 Broadway, Suite addr. of LLC: Corporation Service LLC. Arts of Org filed with Secy of NY County. SSNY designated as United Corporate Services, Inc., 874 810, New York, New York 10007. Co., 2711 Centerville Rd., Ste. 400, State of NY (SSNY) on 1/15/13. Office agent upon whom process may be Walker Road, Ste. C, Dover, DE Purpose: For any lawful purpose. Wilmington, DE 19808. Cert. of location: NY County. SSNY designated served and shall mail copy of 19904. Arts. of Org. filed DE Secy. of Form. filed with DE Sec. of State, as agent upon whom process may process against LLC to principal State, Townsend Bldg., Dover, DE Notice of Qualification of AUTONOMY Townsend Bldg., Dover, DE 19901. be served and shall mail copy of business address: 39 E 78th St, NY, 19901. Purpose: any lawful activity. REAL ESTATE FUND III: SPAIN Purpose: any lawful activity. process against LLC to principal NY 10075. Purpose: any lawful act. OPPORTUNITIES US LP. Authority business address:168 E 7th St, Ste 2A, Notice of Formation of LLC. Name: filed with Secy. of State of NY (SSNY) Notice of Qualification of Broad Street NY, NY 10009. Purpose: any lawful act. Notice of Qualification of DLICM, LLC. Doggington’s, LLC. Articles of on 12/06/12. Office location: NY Energy Partners Offshore Holding - B, Authority filed with Secy. of State of NY Organization filed with the Secretary County. LP formed in Delaware (DE) L.P. App. for Auth. filed Secy. of State Notice of Qualification of Colin Cowie (SSNY) on 01/08/13. Office location: of State of New York on December 17, on 10/17/12. Princ. office of LP: 461 of NY (SSNY) on 5/17/12. Off. loc.: NY Celebrations, LLC. Authority filed with NY County. LLC formed in Delaware 2012. NY Office Location: New York Fifth Ave., 11th Fl., NY, NY 10017. County. LP formed in Cayman Islands Secy. of State of NY (SSNY) on 1/9/13. (DE) on 01/07/13. SSNY designated County. SSNY has been designated SSNY designated as agent of LP (CI) on 4/4/12. SSNY designated as Office location: NY County. LLC as agent of LLC upon whom process as agent of LLC upon process against upon whom process against it may agent of LP upon whom process formed in Delaware (DE) on 12/14/12. against it may be served. SSNY shall it may be served. The P.O. address be served. SSNY shall mail process against it may be served. SSNY shall SSNY designated as agent of LLC mail process to the LLC, Attn: to which the SSNY shall mail a copy to the Partnership at the princ. office mail process to: 200 West St., NY, NY upon whom process against it may be Corporation Service Co., 80 State of any process against the LLC is of the LP. Name and addr. of each 10282-2198. CI address of LP: Maples served. SSNY shall mail process to: St., Albany, NY 12207-2543, regd. C/O the LLC: Attn: Denise Lubaway, general partner are available from Corporate Service Ltd., PO Box 309, David Berke, c/o Colin Cowie agent upon whom and at which process 160 Central Park South, Ste. 3801, NY, SSNY. DE addr. of LP: 2711 Ugland House, Grand Cayman, KY1- Celebrations, 568 Broadway, Ste. 705, may be served. DE addr. of LLC: 2711 NY 10019. The principal business Centerville Rd., Ste. 400, Wilmington, 1104, CI. Name/address of each NY, NY 10012. Address to be Centerville Rd., Ste. 400, Wilmington, address of the LLC is: 160 Central DE 19808. Arts. of Org. filed with genl. ptr. available from SSNY. Cert. maintained in DE: 615 South DuPont DE 19808. Arts. of Org. filed with DE Park South, Ste. 3801, NY, NY 10019, Secy. of State of DE, Div. of Corps., of LP filed Registrar of Exempted Hwy, Dover, DE 19901. Arts of Org. Secy. of State, John G. Townsend Latest date to dissolve: indefinite. The John G. Townsend Bldg., PO LPs, Elizabethan Sq., 4th Fl, Phase filed with the DE Secretary of State, Bldg., 401 Federal St., Dover, DE Purpose of LLC: to engage in any Box 898, Dover, DE 19903. Purpose: Four, George Town, Grand Cayman, 401 Federal St., Dover, DE 19901. 19901. Purpose: Any lawful activity. lawful act or activity. Any lawful activity. CI. Purpose: any lawful activity. Purpose: any lawful activities.

February 11, 2013 | Crain’s New York Business | 21 FOR THE RECORD

7 for an environmental consultant to David Chaiken of Sunburst Advisors. ● Regeneron Pharmaceuticals Inc. provide site investigation and remedy The asking rent was in the $70s per (REGN) ABOUT THIS SECTION development services as related to square foot. Peter Powchik, divisional senior vice FOR THE RECORD is a weekly listing of information from the public record that identified areas of concern on president, exercised options on 30,000 ● can help businesspeople in the New York area find opportunities, potential department-owned lands within the Vanguard Wine Bar signed a 12-year shares of common stock at $21.25 on New York City watershed. To make lease for 850 square feet at 530 Second Jan. 2, in a transaction worth $637,500. new clients and updates on competitors. inquiries or obtain bid documents, Ave., between East 29th and East 30th On Jan. 3, he sold 13,586 shares of To ask questions or get more information on this section, contact Crain’s contact Jeanne Schreiber at (718) 595- streets. The restaurant and bar was common stock at prices ranging from research department at [email protected]. 3456 or [email protected]. represented by Dean Valentino, Jay $180.83 to $183.10, in a transaction Einbender and Mark Tergesen of ABS worth $2,474,092. He now directly ● Department of Health and Mental Partners Real Estate. The landlord, owns 16,522 shares. NEW IN TOWN $50 million and estimated assets of Hygiene Algin Management, was represented by $1,000,001 to $10 million. Requests proposals by 2 p.m. on Ann La Centra and Josh Siegelman of ● BlackRock Kelso Capital Corp. (BKCC) Companies that would like to have details March 22 for organizations to provide Winick Realty Group. The asking rent Virginia Retirement Systems et al. sold of openings published should submit ● Mystique Brands housing placement assistance for was $9,000 per month. 217,845 shares of common stock at descriptions following this format to 350 Broadway, Manhattan people with HIV/AIDS and their $10.27 on Jan. 7, in a transaction worth [email protected], with Filed for Chapter 7 bankruptcy families. Bid documents are available ● Eight Turn Crepe signed a lease for $2,237,029. It now directly holds “New in Town” in the subject line. protection on Jan. 22. The filing cites at http://www.nyc.gov/html/doh/ 500 square feet at 55 Spring St. The 11,086,800 shares. estimated liabilities of $1,000,001 to html/vendors/acco-home.shtml Japanese-based crepe chain was ● Boulton & Watt $10 million and estimated assets of $0 to or can be picked up at the Office represented by Josh Siegelman of ● Estée Lauder Cos. (EL) 5 Ave. A, Manhattan $50,000. The creditors with the largest of the Agency Chief Contracting Winick Realty Group. The landlord, 55 Fabrizio Freda, chief executive, president The bar and restaurant opened in the unsecured claims are Royal Wine, owed Officer, 42-09 28th St., 17th floor, Spring Associates, was represented by and director, sold 20,000 shares of East Village. The menu features $827,410.38; Southern Wine & Spirits, Long Island City, Queens. For more Faith Hope Consolo and Joseph Aquino common stock at $62.28 on Jan. 3, in a American and English comfort food owed $118,598.77; and Snitow Kanfer information, contact Shamecka of Douglas Elliman. The asking rent was transaction worth $1,245,600. He now inspired by the Industrial Revolution. Holtzer & Millus, owed $107,462.44. Williams at (347) 396-6656 or $500 per square foot. directly holds 47,549 shares. [email protected]. ● Monk Bar & Pizzeria ● Rodman & Renshaw ● Assurant Inc. (AIZ) 291 Kent Ave., Brooklyn 1251 Sixth Ave., Manhattan ● Economic Development Corp. STOCK TRANSACTIONS Michael J. Peninger, chief financial The restaurant opened in Williamsburg. Filed for Chapter 7 bankruptcy Requests proposals by 4 p.m. on Feb. 22 officer and executive vice president, It offers Neapolitan-style pizza and protection on Jan. 11. The filing cites for an operator for a new clean- Following are recent insider exercised options on 39,391 shares of southern Italian dishes. estimated liabilities of $1,000,001 to technology entrepreneur center. To transactions at New York’s largest common stock at prices ranging from $10 million and estimated assets of make inquiries or to obtain bid publicly held companies filed with the $22.00 to $33.45 on Dec. 31, in a ● Rogue & Canon $1,000,001 to $10 million. The creditors documents, contact Maryann Securities and Exchange Commission transaction worth $1,137,345. On the 128 W. Houston St., Manhattan with the largest unsecured claims are Catalano at (212) 312-3969 or by executives and major shareholders. same day, he sold 32,776 shares at The restaurant and bar opened in the Andrews Kurth, owed $431,247.44; [email protected]. Listings are in order of transaction $34.70 in a transaction worth West Village. It serves a menu of small Bloomberg Finance, owed $386,914.08; value.The information was obtained 1,137,335. He now directly holds plates and specialty cocktails. and the Waldorf Astoria, owed from Thomson Reuters. 172,284 shares. Ⅲ $378,836.43. REAL ESTATE DEALS

COMPANY MOVES Companies that would like to have GOVERNMENT CONTRACT details of their recent transactions appear DEALS ROUNDUP Companies that would like to have OPPORTUNITIES in these listings should email descriptions details of recent moves published should following this format to ELaermer@ TRANSACTION SIZE submit descriptions following this Following are selected contract crainsnewyork.com, with “Real estate SELLER/TARGET (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE format to [email protected], opportunities recently announced by New transaction” in the subject line, or enter Oaktree Capital $1,052.9 Starwood Capital Group, FB M&A with “Company Moves” in the subject line. York City agencies. To learn how to sell them online at crainsnewyork.com/ Management Inc. Starwood Property Trust Inc. goods and services to city government, submitadeal. Deals are listed in order of Cerberus Real Estate ● Burger Bistro visit www.nyc.gov/selltonyc. For a square footage. Capital Management 1663 First Ave., Manhattan searchable database of current procurement (Manhattan), Vornado The Brooklyn restaurant chain opened notices, visit www.nyc.gov/cityrecord. COMMERCIAL Realty Trust (Manhattan), its first Manhattan location on the Listings are alphabetical by category and ● TransPerfect Translations iStar Asset Services Inc., Upper East Side. It also has stores in department. International signed a lease for 12,300 Aozora Bank Ltd. 3 Park Ave. asset management arm, Park Slope and Bay Ridge, Brooklyn. square feet at The global iStar Marlin/ CONSTRUCTION SERVICES language and business services firm is LNR Property ● Jeremy Argyle ● City University of New York expanding its offices and will take the Bay City Capital, $959.2 Allergan Inc. SB M&A 321 Bleecker St., Manhattan Seeks competitive sealed bids by 2:30 remaining space on the 40th floor. The FirstMark Capital The haberdasher opened in the West p.m. on Feb. 25 for general construction tenant was represented by Michael (Manhattan), Skyline Village. It is the second Manhattan shop and repair services that may include Burlant of Cushman & Wakefield.The Ventures, OrbiMed Advisors for the menswear brand; its first is in carpentry, electrical, plumbing, painting, landlord, Cohen Brothers Realty, was (Manhattan), Horizon SoHo. flooring, tile setting or roofing work. represented in-house by David Nevins. Technology Finance To get further information or to The asking rent was $55 per square Management, T. Rowe ● Libertador Price Associates, Brookside obtain bid documents, contact Julie foot. Capital Management/ 158 Baltic Ave., Brooklyn Cardinali at (718) 368-4613 or MAP Pharmaceuticals Inc. The steakhouse opened in Cobble Hill. [email protected]. ● Euro Pacific Capital Inc. signed an The Blackstone Group $81.0 DRA Advisors (Manhattan) SB M&A It is the sister restaurant to the Upper eight-year lease for 4,900 square feet at (Manhattan)/1550 Tower ● East Side’s Libertador Parrilla Department of Design and 80 Broad St. The broker and dealer will and 1600 Tower in Argentina. Construction take space on the 32nd floor. The tenant St. Louis Park, Minn. Seeks competitive bids by 2 p.m. on was represented by Michael Elkin of Barts and the London $79.0 Greenoak Real Estate Advisors SB M&A March 7 for the construction of a new Interactive Properties Corp. The Charity endowment arm/ (Manhattan) BANKRUPTCIES diesel station and electrical, roof and landlord, an affiliate of Savanna, was Barts and the London Charity, floor upgrades at the Harper Street Yard represented by Hal Stein, Adam 750,000-square-foot mixed-use The following listings are selected from in Queens. Bid documents are available Leshowitz and Todd Stracci of development opportunity the most recent available filings by for a $35 deposit, payable by company Newmark Grubb Knight Frank. The in Whitechapel, London companies seeking bankruptcy protection check or money order only, and are asking rent was undisclosed. Not disclosed/ $75.0 Technology Crossover Ventures, GCI in the Southern and Eastern Districts available at www.nyc.gov/ddc. For more AppNexus Inc. Venrock (Manhattan), Tribeca of New York. Information was obtained information, contact Ben Perrone at RETAIL Venture Partners (Manhattan) from U.S. Bankruptcy Court records (718) 391-2614. ● The Lenox Lounge signed a 15-year ZBI Ventures (Manhattan), $70.4 Indofood Agri Resources Ltd., SB M&A available on Public Access to Court lease for 2,700 square feet at 333 Lenox Vinci Partners, BTG JFCitrus Agropecuária Ltda. Electronic Records. Listings are in ● Department of Sanitation Ave. in Harlem. The renowned jazz club, Pactual Gestora de Recursos Ltda./Companhia alphabetical order. Seeks competitive sealed bids by 11 a.m. which has hosted performances by the Mineira de Açúcar e on March 14 for rehabilitation of the likes of Billie Holiday, Miles Davis and Álcool Participações Ltda. (50%) ● 333-345 Green façade at 44 Beaver St., Manhattan. Bid John Coltrane, will move two blocks BlackRock Inc. $60.2 LaSalle Investment Management Inc. SB M&A 1274 49th St., Brooklyn documents are available for a $40 away from its previous location and will (Manhattan)/ Filed for Chapter 11 bankruptcy document fee, payable only by money occupy the ground floor and the 555 Lonsdale St. protection on Jan. 8. The filing cites order made out to Comptroller, City of basement. The tenant was represented in Melbourne, Australia estimated liabilities of $10,000,001 to New York. An optional prebid by Michael Coker of Halstead Property. Renewable Energy $50.7 BlackRock Inc. (Manhattan) SB M&A $50 million and estimated assets of conference will take place on Feb. 14 at The landlord, Jacqueline Allmond, was Generation Ltd./ $10,000,001 to $50 million. The 10:30 a.m. at 44 Beaver St., 12th-floor represented by David Chkheidze and Renewable Energy creditor with the largest unsecured claim conference room. To make inquiries or Lev Kimyagarov of Massey Knakal Generation Ltd. wind farms is Home at Greene NY Inc., owed obtain bid documents, contact Frank Realty Services. The asking rent was $45 at Sancton Hill and $1,700,000. Mitchell at (212) 437-4542 or per square foot. South Sharpley, U.K. [email protected]. Selected deals announced for the week ended Jan. 26 involving companies in metro New York. ● Atari Inc. ● Toast NYC signed a lease for 1,400 FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing 475 Park Ave. South, Manhattan GOODS AND SERVICES square feet at 1268 Amsterdam Ave. The shares of a company with the participation of a financial buyer. GCI: Growth capital investment ● represents new money invested in a company for a minority stake. SB M&A: Strategic buyer Filed for Chapter 11 bankruptcy Department of Environmental restaurant was represented by Elliott M&A represents a minority or majority acquisition of existing shares of a company without the protection on Jan. 21. The filing cites Protection Dweck of Besen Retail. The landlord, participation of a financial buyer. source: capitaliq estimated liabilities of $10,000,001 to Requests proposals by 4 p.m. on March the Dermot Co., was represented by

22 | Crain’s New York Business | February 11, 2013 E-tailors struggle to get right fit Brokers gearing up

Continued from Page 4 said.“There were a lot of changes for Since its 1999 launch, e-com- Continued from Page 3 As part of that effort, Town will capital funding, and generated our suppliers.” merce site eShakti has undergone exam to get their broker’s license,up open three new Manhattan offices, $250,000 from just under a year of Other companies have had sim- several iterations.It started out as an 24% from 2011, though still far be- bringing its total to nine. e-commerce sales. Yet it was not ilar problems but have fine-tuned Indian lifestyle site, but after nine low the boom-time peak of 42,496 “The strength of the market is enough. Though she tried to save their business model in time to bet- years transformed into a fashion in 2005. definitely helping us get there,” said her customers the hassle of grap- ter serve fickle consumers and stay house selling custom sizes of From the city’s biggest broker- Andrew Heiberger, Town’s chief pling with a tape measure,Ms.Wal- afloat.One such company,Acustom Indian-made clothing. age, Douglas Elliman, with 1,500 executive. lace found her measuring methods Apparel,began selling to consumers brokers, to upstarts like Rubicon Another factor driving growth is were still not soon after its 2011 launch. ‘Keep expanding’ Property on Wall new development. Af- as specific as The firm, which has a second- Eventually, eShakti began to Street, with 15 bro- ter years with little in customers STATS floor store in SoHo where cus- also offer custom apparel options, kers, growth is the or- the way of new con- demanded. tomers get measured by body- such as sleeve shapes and lengths, der of the day. Rubi- struction, condo towers Shoppers scanning technology and then buy different necklines, pockets and con, for example, is are once again rising. also expected 47% online, initially sold both men’s and embroidery. About 60% of sales are hoping to have 20 to DSA Realty’s Mr. fast deliver- PERCENTAGE women’s denim. Yet by the end of to plus-size women, according to 25 brokers by year’s Rhinier is hoping to be increase in VC Chief Executive B.G. Krishnan, ies—easily funding for online 2012, co-founder and Chief Execu- end. tapped to market a few, solved by lo- tive Jamal Motlagh dropped who noted that the company offers but he will have to com- apparel companies Brokers’ helper cal manufac- in 2012, to women’s clothes from the lineup. sizes up to 36W and fills a void in pete against heavy- turing in the $325.4 million “When you’re making custom, retail. Driving the expan- weights. garment dis- they can’t try it on,”he said.“It’s hard But because items are made over- sion in the ranks of Among those is trict—but to build a one-fitting-and-done seas, they take about two weeks to sales brokers are ultra- Diane Ramirez Corcoran Group. Pres- Ms. Wallace had trouble figuring process.” arrive. Still, Mr. Krishnan expects low mortgage rates as ident Pam Liebman out supply and demand.Quincy also The changes appear to be work- sales to surpass $75 million within well as rents that have said she plans to open had to deal with a steep learning ing. Mr. Motlagh, who has raised the next three years. He’s planning hit a series of record two more offices for the curve when teaching local factories $450,000 in funding so far, expects to offer bridesmaid dresses later this highs, forcing more division that specializes the new sizing method. to reach $1 million in sales by the year and include as much cus- people to look to own- in such new develop- end of the year and open a ground- tomization as possible,even down to ing, especially now ments, Corcoran Sun- Fine-tuning business model floor shop as well. the fabric choices. that home prices have shine, adding several “The problem is,you have a lot of In September, Acustom was rec- “Any area where customization is begun to stabilize. dozen employees. [items] to keep on the shelf, which ognized by the city’s Economic De- involved becomes good,” he said. Some talk in terms of One problem for is where it gets hairy on the supply velopment Corp.for its digital inno- “We’ll keep expanding through the a market that has Corcoran and its peers chain and manufacturing side,” she vations. year.” Ⅲ reached a tipping in the city, however, is point,especially in hot that while more resi- spots like brownstone dential projects are Brooklyn. Three open starting up, many will Super Bowl planning begins houses on a Sunday Pam Liebman take years to open. So last month in Fort the supply of existing Greene and Bedford- units for the growing Continued from Page 1 Stuyvesant drew a to- Buyers army of brokers to sell City,Ti Martin,owner of Comman- tal of 275 would-be will remain at record der’s Palace and other restaurants, homebuyers—50 of can lows,with available in- surmised,“I know he was checking it whom made bids, ac- actually ventory half to a third out here to see how he’s going to do cording to Frank (if not less in some this next year [in New York].” Percesepe, Corcoran’s make neighborhoods) of With the focus now on the Feb. senior vice president what it was during the 2, 2014, championship game, there for Brooklyn. money peak of the market. are many decisions to be made soon For those who do The supply prob- and logistics to manage.The city has buy, the good news is lem is not stopping not yet figured out,for instance,how THERE MIGHT BE GIANTS that they actually many firms from ex- many visitors are likely to come here playing in next year’s Super have a decent chance panding, however, or to take part in the pregame festivi- Bowl at MetLife Stadium. of making money. As discouraging would-

ties. Super Bowls typically attract newscom of the fourth quarter, average prices be brokers from a chance to catch a about 150,000 revelers—in addition for co-ops and condos were up 1.1% rising market. Among those eager to the 80,000 or so who have tickets months of the year for the city. to the game. in Manhattan from the year-earlier to give it a try is Melyssa Ford, who to the game. But most observers ex- “It’s a little dilemma for us as to Chelsea Piers, for example, is al- period, to an average of $1.46 mil- recently signed on at Blu Realty in pect next year’s Super Bowl week to what we do with those promotions,” ready booked for the NFL’s media lion, according to a report prepared midtown. break attendance records. For one said Kimberly Spell, head of com- party on Jan. 28, while the James A. by appraisal firm Miller Samuel for thing, the number of hotel rooms munications and government affairs Farley Post Office on West 33rd Douglas Elliman. Brooklyn and Well-stocked Rolodex blocked out by the National Football for NYC & Company. “We haven’t Street will reportedly be the site of Queens fared even better, with “I’ve been in the entertainment League for its official purposes has made any decisions yet.” another Super Bowl-related party. fourth-quarter prices jumping 13% industry about 12 years now, and grown to 11,000 from the 6,000 in Unlike New Orleans, where and14%, respectively, over the year- I’ve accumulated an incredible 2010 when New York and New Jer- most of the activities and even the ‘In our own backyard’ earlier period. Rolodex of entertainers, executives, sey won their joint Super Bowl bid. stadium were all within walking dis- The annual Taste of the NFL par- Among those gearing up for athletes, actors, directors and pro- tance,New York will need a detailed ty, a ticketed event for several thou- higher sales is Citi Habitats, one of ducers,” said Ms. Ford, who in her ‘Logistical challenge’ transportation plan. sand, costing about $600 per person, New York’s largest brokerages. It is previous life was named Video Vix- Other questions include how “Getting to New Jersey on game does not have a location yet, accord- poised to open two new offices this en of the Decade by Complex maga- traffic will be managed on game day, day could be a logistical challenge,” ing to restaurateur Drew Nieporent. year, in SoHo and the Upper West zine for her work in various rap and when tens of thousands of people said Jason Zinna, a partner at Inside His restaurants Tribeca Grill and Side, and hire as many as 100 bro- R&B music videos. “People were will be traveling from the Big Apple Sports & Entertainment, which Nobu have participated in the party kers plus others, according to Citi asking me for real estate advice all to the Garden State, where the ac- sells high-end packages to the Super for many years, representing the Habitats President Gary Malin. the time, and I just decided that in- tion will take place at MetLife Sta- Bowl, including next year’s Super Giants and Jets, respectively. “It’s not just brokers,” Mr. Malin stead of sending them to someone dium in the Meadowlands. Then Bowl XLVIII. The food-and-wine event, said. “We’re hiring social-media else, I should get the commission.” there’s the issue of whether the city’s The company, whose packages which raises money for hunger- people and marketing people and In her first month on the job, she annual wintertime discount pro- include game tickets, hotel rooms fighting causes, is held on the eve of support staff, jobs we never would helped her boss Alon Chadad close grams for restaurants and Broadway and parties that can cost $500 and the Super Bowl each year. Each have had five or 10 years ago.” on a $15 million apartment on Cen- and Off-Broadway performances up per person, usually provides NFL city is represented by a local Similarly, Town Residential, tral Park South. “It’s much better should be rescheduled to a time transportation to the game for its restaurant, which provides its food which has expanded aggressively money than entertaining,”she said.Ⅲ when Gotham won’t be hopping wealthy clients.“I’m trying to figure and chef for the evening. since its founding three years ago, is with tourists. Those programs, out whether I need to secure shut- “After 19 years on the road,” said planning to grow its brokerage force LISTEN to a discussion at along with an annual hotel discount tles, helicopters or buses for my cus- Mr. Nieporent, who has attended by 50% this year, to more than 450. CrainsNewYork.com/podcasts promotion, take place from the end tomers,” Mr. Zinna said. that many Super Bowls, “we’ll have of January into the beginning of Meanwhile, large event spaces in the party in our own backyard.” CORRECTIONS February, usually the slowest the city are being snapped up as sites He said Tribeca Grill and Nobu The regulatory agency that oversees gambling in the state is the New York State Gaming Commission. It for 25 or so big pregame parties that have not yet been booked for a party. was misidentified in the Feb. 4 “Betting on tourists.” LISTEN to a discussion at are hosted by the NFL and corpo- “I’m certain,” he added, “we’ll have 24 Seven Inc., at 30%, was the second-fastest-growing company on Crain’s list of largest executive CrainsNewYork.com/podcasts rate sponsors in the days leading up some large-scale event, though.” Ⅲ recruitment firms. JW Michaels grew by 123.1%. This fact was misstated in the Feb. 4 Scoop.

February 11, 2013 | Crain’s New York Business | 23 layoffs is expected to exhaust itself ruption anticipated when Oba- this year. The IBO expects head macare takes full effect next year, Dow’s up, but Wall St. jobs aren’t count will begin to recover in 2014 Guggenheim Securities announced and slowly rise to about 177,000 in last week that it had hired a manag- Continued from Page 1 Federal Reserve’s ultra-low interest next two years. 2017, which would be the same ing director from Deutsche Bank That said, the hiring by small rates, which sharply reduced the op- “We’ve been operating so much amount employed by the Street in who specializes in trading health banks and brokerages isn’t expected erating costs of banks.But when rates under the basis that there won’t be the middle of the last decade as it care stocks to supplement the team to be nearly enough to offset the start to rise, profits could come under increased revenues,” Chief Execu- emerged from the Nasdaq bust. of health care bankers and advisers continuing stream of job losses at heavy pressure. tive James Gorman told investors brought in last summer. big banks. That’s why the Indepen- The uncertain-at-best outlook last month. Courting rainmakers Oppenheimer brought in a dent Budget Office expects the helps explain why giant banks like The most vulnerable to layoffs Still, even the ever-shrinking big refugee from French banking giant ranks of the city’s best-paid work- Barclays and Citigroup are bond and stock traders, banks are hiring in certain areas, BNP Paribas to serve as co-head of force to decline yet again this year, continue to shed staff. Bar- both of which have seen particularly in those where regula- emerging-market bond sales. by about 4,000 people, to 167,000. clays last week filed docu- 35% business dry up as looming tors don’t require they set aside cash And Cowen Group, which spe- Before the crash, 190,000 New ments with state regulators PROJECTED regulations like the Volck- to guard against potential losses. cializes in serving health care com- decline in Yorkers worked in the securities saying it would lay off 275 securities industry er Rule limit how much That means nearly all of them are panies, agreed to acquire Dahlman industry. investment-banking em- profits this year, banks can gamble with aggressively courting top stockbro- Rose,whose focus is energy and nat- “The plain simple fact is that ployees, effective May 15, according to the their own capital. kers and private bankers who can ural resources, for an undisclosed Wall Street’s revenues are half as from three midtown loca- IBO “There is a ‘Great bring wealthy clients with them. sum. The good news is 600- much as five years ago, and we don’t tions, including its U.S. Repricing’ occurring,” said Last week, Citi hired a senior pri- employee Cowen will expand into see them returning to anything like headquarters on Seventh Avenue. analyst Brad Hintz of Sanford C. vate banker from JPMorgan Chase some additional lines of business what they were,” said IBO Director Citigroup in December said it Bernstein & Co. “Traders and sales to lead a push into Florida, for and bring in teams of new analysts, Ronnie Lowenstein. would let go 11,000 employees, in- staff are being replaced by machines example. bankers and traders. cluding 1,700 in New York, and an- or cheaper staff.” “If you can bring in a business Tempering the good news is this Swinging the ax alysts foresee further restructuring. In another sign of the tough with a proven revenue stream, you sobering fact: Even if Cowen brings In addition to forecasting sluggish Morgan Stanley may be swing- times, staffing firm Robert Half In- are extremely valuable in this mar- in everyone from Dahlman Rose— revenue, the IBO expects securities ing the ax widest.Last month,it said ternational last week reported that ket,” recruiter Mr. Lipstein said. which it probably won’t—that industry profits to decline by another it would sack 1,700 people this year only 5% of financial chiefs said it Still, he and other pros say most would mean hiring only about 100 35% this year, as new federal regula- after letting go 4,500 last year. Fur- was “very challenging” to find qual- hiring activity is going on at bou- people. Ⅲ tions kick in. Ms. Lowenstein added ther job cuts seem inevitable, since ified employees, down from 11% a tique firms. that most of the industry’s profits in the bank told investors it would cut year ago. For example, in an apparent at- LISTEN to a discussion at recent years are attributable to the overhead by $1.6 billion over the The good news is that the pace of tempt to take advantage of the dis- CrainsNewYork.com/podcasts

year—but the effort ultimately paid to be built and replicated. At the Lhota all business in mayoral bid larger dividends. “At the time, the same time, the dated Garden began business was transitioning to an all- a $1 billion renovation. Ethernet architecture,which laid the “You can’t argue with the re- Continued from Page 3 groundwork for strong growth from sults,” said Richard Tullo, an analyst the agency’s airport office,often leav- A WHOLE LOTTA 2008 to the present,” said Christo- with Albert Fried & Co., who de- ing the tank empty and the key under LHOTA: The former pher Marangi, portfolio manager for scribed MSG’s public rollout as go- the mat. MTA chief says the Mario Gabelli’s Gamco Investors, a ing “extremely smoothly.” “Completely frenetic” was how public and private major holder of Cablevision stock. Mr. Dolan earned a six-figure one close associate described him. sectors often don’t Meanwhile, Cablevision was em- understand each salary under the Dolans and shares When he did have spare time be- other. broiled in large-stage dramas: a fam- of Cablevision and MSG stock that fore boarding a plane, Mr. Lhota ily feud between founder and Chair- he sold for about $2.1 million after was known to buy a large bucket of man Charles Dolan and his CEO leaving in 2010.“I did well,”he said. KFC chicken to share with his fel- son, James, over the company’s satel- low first-class passengers. lite offshoot, Voom, and a battle to ‘Tough guy’ Today, the former businessman stop the Bloomberg administration’s Aaron Hollander, a friend from finds himself in a Republican primary plan for a West Side football stadium. Harvard Business School, said Mr.

race suddenly bursting with them— buck ennis By this time,Mr.Lhota had been Lhota was a natural choice when he billionaire grocer John Catsimatidis, named executive vice president for needed board members for his com- newspaper publisher Tom Allon and the legality of billions of dollars in Ground Zero. Mr. Lhota said the corporate administration,a new po- pany, First Aviation Services. Since nonprofit executive George McDon- bond sales,but Mr.Lhota said he was experience helped shape the image sition, after stepping down from accepting the position in 2002, Mr. ald. But Mr. Lhota is considered a far removed from the probes. of the kind of leader he wanted to be. Lightpath following a diagnosis of Lhota has seen the aeronautics heavy favorite for his party’s nomina- “The industry went through After the Giuliani administra- lymphoma. “I worked throughout company through tough times, new tion,and his former associates say Mr. weird times—political contribu- tion ended, Cablevision’s owners, the entire process,” he said of his product launches,acquisitions and a Lhota’s career justifies that. tions, all kinds of investigations,” he the Dolan family, who had part- cancer treatment.“The Dolans were variety of other developments. “He always had a sophisticated, said. “I was never part of that.” nered with the former mayor on a extraordinarily benevolent during “He’s a tough guy. He will make smart, market approach to every- Rather, he facilitated bond sales number of education initiatives, that period of time.” tough decisions,” Mr. Hollander thing,” said Dick Sigal, a lawyer at to finance affordable housing in made Mr.Lhota president of Light- Conflict-of-interest rules barred said. “He doesn’t mince his words, McKenna Long & Aldridge who Connecticut. Sensing an opportu- path, the cable giant’s fiber-optic Mr. Lhota from involvement in the but at the same time he listens to worked with Mr. Lhota in the 1980s nity,Mr. Lhota renegotiated his po- telecommunications service. stadium fight with the city, his pre- other people’s opinions.” on municipal finance projects. “He’s sition at the Connecticut Housing At the time, Verizon dominated vious employer. But he found him- It’s too early to tell whether Mr. a very quick study.He pays attention Finance Authority from financial self in the middle of the Dolans’ Lhota’s business success will carry to numbers.” adviser to bond underwriter. feud. Charles Dolan wanted to spin over to his candidacy. Polls show “As underwriter, he could not ‘Completely off Voom as an independently trad- him ahead of the other Republi- Life in the corporate world only market the bonds, but he could ed public company, with Mr. Lhota cans but well behind any of the Numbers were once Mr. Lhota’s sell the story as the underwriter and, frenetic’ was how as chief financial officer. James leading Democrats in a head-to- life. After earning an undergraduate frankly, make more money for him- Dolan saw Voom as a money pit head matchup. Even his former degree in accounting from George- self and his firm,” Mr. Sigal said. one associate with no viable customer base. colleagues in business and finance, town University and an M.B.A. The money was certainly good. “It was a corporate debate, it was while praising his skills and intelli- from Harvard Business School, Mr. But Mr.Lhota said it was more than described him a healthy one, and a decision was ul- gence,admit the road will be rough. Lhota took his first dip in the corpo- that. “Early on in the process, you timately made,” Mr. Lhota said. “It “I can’t imagine what his game rate world as an auditor at Arthur realize how important interperson- wasn’t acrimonious.” plan is,” said one former colleague. Andersen. al skills are in being a successful in- The plug was eventually pulled Still,Mr.Lhota believes he offers He left the accounting firm to be- vestment banker,” he said. “There on both the West Side stadium and something the other candidates come an investment banker at Paine were many transactions that I did the satellite service. In 2010, Hank don’t: high-level experience in gov- Webber,where he worked in the mu- based on a handshake. And you’ll the telecom market. But Mr. Lhota Ratner,Cablevision’s vice chairman, ernment and business. nicipal bond market, which at the not find one client to say I ever re- said he saw an opportunity to ex- tapped Mr. Lhota to help turn “There’s an unbelievable lack of time was something of a minefield: neged on my word.” pand Cablevision’s reach. Madison Square Garden into a pub- understanding on the part of the The New York Times in 1987 de- Attracted to Mr. Giuliani’s “It was extremely competitive. licly traded company,with Mr. Rat- private sector of how government scribed a “scene of frantic deal- tough-guy conservatism,Mr.Lhota And I would say it was moderately ner as CEO and Mr. Lhota as chief works, and on the government side making, as bond attorneys and secu- accepted an offer to work for the successful,” he said of Lightpath. administrative officer. of how the private sector works,” he rities dealers worked around the clock new mayor, first as an economic de- “But compared to the reach of the Working around the clock, Mr. said. “And I think bridging that is with local government officials to velopment staffer and later as budg- company in the residential market, Lhota helped build MSG from the very, very important.” Ⅲ complete financings that would soon et director and deputy mayor. On it was not as significant.” ground up, according to several ex- be banned by changes in federal tax 9/11,he was at Mr.Giuliani’s side as From 2002 to 2007, Lightpath ecutives close to the process.Whole LISTEN to a discussion at laws.” Authorities began to question the mayor waded into the chaos at grew modestly—about 4% per divisions of corporate services had CrainsNewYork.com/podcasts

24 | Crain’s New York Business | February 11, 2013 HELLUVA TOWN INSIDE Source Lunch Who needs Weighing the future of popcorn anyway? NY hospitals PAGE 26 Stacey Boyd was tired of buying Out and About wrapping paper, popcorn and other assorted stuff she didn’t want. Yet A modern version of she felt compelled to purchase the PAGE 27 wares from school fundraisers Noah’s Ark because so many schools are suffering from budget cuts. So last year the former middle- school teacher and principal started Schoola.com—a sort of Groupon for school fundraisers that’s becoming popular in New York City thanks in part to a tie-in with Magnolia Bakery and The Berenstain Bears Live! in Family Matters, the Musical. Using Schoola, fundraisers create a website that allows supporters to buy discounted merchandise or services from retailers who have agreed to make a donation to the institution with each purchase. “At least people are buying something they actually want,” said Ms. Boyd, chief executive of the San Francisco- based company. She said she noticed that fundraisers in New York were starting to use the site, so she decided to help by reaching out to Magnolia and the musical. She doesn’t always help those who find their own donors. But Ms. Boyd has an incentive to help. She gets 15% of the revenue the retailers collect from the promotion. Ms. Boyd said fundraisers G’DAY MATE: Lisa from 136 city schools are holding Winning moved from sales through March 15, the Sydney to New York to period during which Magnolia is start the dating-advice offering discounts and donations. site HeTexted.com. The musical’s promotion lasts until mid-April. Face the music

It’s never been cheap being a performing artist in New York. Besides the rent, there are expenses like acting lessons, singing instructions and such. For those who play in the American Classical Orchestra, the cost can be especially high.That’s because the ACO requires its musicians to perform using instruments made during the A laptop and a dream period when the music was composed. Since the orchestra focuses on music from the baroque, Wannabe tech entrepreneurs the world over flock to classical and romantic periods, spanning 1600 to 1910, the New York, not to climb the corporate ladder but to build it instruments—which the musicians New York, not to climb the corporate ladder but to build it must buy or rent themselves—can

come with hefty price tags. buck ennis When the orchestra played a concert at Alice Tully Hall last BY MATTHEW FLAMM WE’RE NO. 2 week, the aggregate value for its 43 instruments was $2 million, or an Venture-capital average of $46,511. A 1780 isa Winning, an Australian with a degree from the London School of deals in 2012 Bergonzi bass was valued at Economics, was back home in Sydney in 2011 when she decided to move to $250,000, and a circa-1690 California Giovanni Battista Rogeri violin at New York City and start a tech company. She landed in December, and by the $175,000. In contrast, an especially following October had launched HeTexted.com. ¶ The young women’s good concert violin made in the dating-advice site, which invites comments on guys’ post-date text messages, past few years could cost about 1,380 $10,000, experts said. now has 1.2 million registered users and is attracting investor interest. In “The addition, Ms. Winning and her co-founder, former Glamour beauty assistant New York instruments just sound Carrie Henderson McDermott, have a deal with Simon & Schuster for a book richer,” said based on the site and are hiring a staff. ¶ The book and an appearance on Good Morning America 353 Vincent Gardino wouldn’t have happened anywhere but in the media capital, Ms. Winning believes. But she also , the Massachusetts orchestra’s Lcame to New York for an environment that nurtures people like her, who show up with a laptop executive and a dream—and sometimes, barely a clue about technology. ¶ “There’s a whole suspension of director. —theresa disbelief here that doesn’t exist in other places,” said the 29-year-old entrepreneur, who had 333 agovino previously done consulting work in New York between stints in See LAPTOP on Page 26 Source: CB Insights

February 11, 2013 | Crain’s New York Business | 25 SOURCE LUNCH: A laptop and a dream CORBETT PRICE by Barbara Benson Continued from Page 25 online food-delivery service. He to be correct.” London and Sydney. would see the dot-com bubble The salaries aren’t bad either. Much has been written about burst, and a new scene emerge with Nontechnical staffers can start at tech companies moving to New the growth of tech blogs and local- around $50,000. That’s about half York from Silicon Valley—a phe- ly based investors and the launch of what engineers command, but nomenon that was almost unheard cool companies like Foursquare after three years the salaries climb Exec wants for-profit of a few years ago. But as Silicon and Warby Parker. above $90,000, according to one Alley has raised its profile, with “Five years ago, [tech] wasn’t employer. ample encouragement from Mayor sexy,” Mr. Cerilli recalled. “Now One thing hasn’t changed: New hospitals to enter NY Michael Bloomberg, the city has people are coming to New York York is not for the faint of heart. It become a magnet for young people who want to be part of the commu- took Ms. Plocek three months to around the globe looking to launch nity, and we can build a team of find an affordable apartment. And nterfaith Medical Center last Interfaith is one of three New York startups and make their fortunes great people much faster.” that’s nothing compared to getting week signed a memorandum hospitals in bankruptcy. You are a in tech. More than just employment op- a startup funded. of understanding to hammer restructuring expert, so why is Employment in the sector grew portunities are drawing the new ar- out the details of a takeover by bankruptcy the way to go? by 30% between 2006 and 2011, to Not so easy the Brooklyn Hospital Cen- Bankruptcy has been an instrument 120,000 jobs,according to the city’s “If you come out of Stanford or Iter. The community hospital serves in the broader business community Economic Development Corp. Employment you’re an engineer yourself, it could central Brooklyn and derives 65% of for years but is more recent in Overall private-sector employ- be easier, but for the majority of its revenue from Medicaid, the gov- health care. It is a way to restructure ment increased by just 4% during in the sector people that’s not how it is,” said ernment program for low-income debt, realign an organization and that period. Eric Matzner, 25, who moved to and disabled people. The hospital come out better financially. It’s not The NY Tech Meetup,the com- grew 30% New York from Miami in late 2011 filed for bankruptcy in December.Its the end of the world to do a chapter munity’s premier networking and after considering San Francisco as fate is uncertain. filing. advocacy organization, added over five years a base for his mobile marketing Since 1991, a for-profit manage- 12,000 members last year—the startup NatMobi. ment group, Kurron Shares of Why is it politically sensitive when New biggest one-year jump since its Before investors will put money America, has run the hospital. On York hospitals go bankrupt? founding in 2004—for a total of into a company, he explained, they Feb. 5, Interfaith nurses in the New I don’t know if I agree with that. 30,000. Of the nearly 500 tech want to see a product, a team and York State Nurses Association union Bankruptcy is something you do need companies on the group’s “Made in rivals.They’re coming for the same traction for the business—all hard rallied in Bed-Stuy to save the facil- to do to go forward,strictly a business NYC” list, more than 50% are ac- things that have attracted aspiring to come by without investment.Mr. ity. Their press release read, “Evi- restructuring. In health care, you are tively hiring. musicians and writers to the city Matzner has been supporting Nat- dence indicates that the hospital’s fi- taking care of people, and there is an “There’s an abundance of peo- since the days when the arts, not Mobi by doing consulting work on nancial downturn is the result of economic factor, so certainly it draws ple who see the tech community as apps, got young people fired up— the side, and after a year of working financial mismanagement by Kurron more attention. A successful bank- a place where they can learn and the excitement, diversity and seven-day weeks he is finally at- Shares of America, a private firm ruptcy means you emerge able to im- grow—not climb the corporate culture. tracting investor interest, he says. hired to manage the hospital. Nurs- prove health care in the community. ladder, but build the corporate lad- New York has also benefited as Landing investment won’t be es are calling on [Gov.An- But you have to be willing der underneath them,” said Wiley technology has become less about getting easier. Venture-capital drew] Cuomo to hold the WHERE to make necessary changes Cerilli, who founded small- Internet infrastructure and more spending in the metro region in culprits accountable, and in the process and may not business digital listings firm about applications. Such tradition- 2012 fell by 18%,compared with the maintain IMC as a full- THEY stay in the current form. SinglePlatform in 2010 and sold it al local industries as fashion, fi- prior year, to $2.3 billion, according service hospital.” DINED You may have to modify the to online marketing company nance, advertising and media are to the MoneyTree Report from Corbett Price is Kur- FABIO PICCOLO mission statement. There Constant Contact last year. increasingly part of the digital PwC and the National Venture ron’s chairman,chief exec- FIORE are shared sacrifices for the transition. Capital Association, based on data utive and sole shareholder. 230 E. 44th St. common good. Witness to trends “As someone involved in sales, I from Thomson Reuters. The num- A minister’s son, he has (212) 922-0581 www.fabiopiccolo Will there be job cuts? Now the general manager of the thought being closer to the brands ber of deals slipped to 397 from 415. shepherded Interfaith fiore.com SinglePlatform division, Mr. Cer- and agencies we’re selling to would “To get money now, entrepre- through the bankruptcy’s I’m not sure there will be. I AMBIENCE: illi is somewhat of an expert on the be incredibly valuable,” said Lind- neurs really have to up their game,” early days as its chief re- Classic northern can’t speak for the acquir- city’s trends. In 1999, at the age of sey Plocek, a 24-year-old market- said Brian Cohen, chairman of structuring officer. If In- and southern ing party. 19, he got off a bus from Provi- ing manager at Crowdtap, who New York Angels and the first in- terfaith merges with Italian cuisine in a dence,R.I.,and within a year found spent a year at a San Francisco-area vestor in image-sharing juggernaut Brooklyn Hospital, Kur- setting where The local Brooklyn community replica Florentine and workers are holding his way to Seamless Web, where he startup before moving to New York Pinterest. ron’s contract—and Mr. artwork lends a became the sixth employee at the last September. “And that’s proved He added, however, that there Price’s long history with warm tone to the rallies to keep Interfaith open, are alternatives for startups, like the central Brooklyn com- decor. Chef Fabio but isn’t the hospital’s fate crowdfunding sites,and good busi- munity—will end. Hakill drops by already sealed? nesses will always get money. Fur- the table to make I’m not an elected official or WHERE MINDS MEET sure guests are thermore, technology has made it What does the document just happy. government person, so I THE ATTRACTIONS OF NEW YORK for aspiring entrepreneurs extend beyond signed between Interfaith easier and cheaper to start compa- WHAT THEY ATE: can’t respond to that. But investors and a welcoming tech community. Incubators and co-working nies—one reason so many seed- and Brooklyn hospitals mean Ⅲ House salad; speaking as a former ac- spaces like WeWork Labs and General Assembly are also a big draw. funded firms are competing for to Interfaith’s future? tilapia with olives, tivist, people can have an “I’m here almost Series A rounds. The deal is the right thing capers, tomato impact. two years, and it feels A USEFUL HANGOUT: For now at least, New York is to do,given the changes in and wine; iced Co-working space tea like I’m getting some General Assembly hopping. Facebook, Google and health care. The state has You once worked at HCA, the sort of entrepreneurial Twitter have been adding to their taken the approach to pri- Ⅲ Mushroom for-profit hospital chain. What soup; baked wild should New York do to improve M.B.A.,” said Patti offices here. The much-awaited oritize resources through salmon with white Maciesz, 27, who rents Cornell NYC Tech graduate lower reimbursement. wine, lemon and hospitals’ access to capital? communal space at school just welcomed its first class Especially in [lower- capers; tea New York should allow General Assembly in to its temporary quarters at income] communities, TAB: $71.15, investor-owned compa- the Flatiron district, Google’s Chelsea building. when you cut to the core including tip nies to come in. Access to where she works on And while engineers may be the over 10 years, you create capital continues to be a photo-sharing startup most coveted job applicants, new chaos. Combining the two hospitals problem. At some point, you have to Puppystream. arrivals with other qualifications will allow more cost-effective deliv- have the for-profits come in. New are finding a lot of open doors. ery of health care and let Interfaith York needs to look at how other parts The Bennington buck ennis College graduate spent three years in Paris trying to start businesses before Drew Howard graduated from participate in higher rates with of the country operate. We are hav- she and her boyfriend moved to New York and showed up at a General the University of San Diego last managed-care plans. There are ing a disproportionate number of many good reasons for coming hospital failures lately, and we seem Assembly happy hour in March 2011. She took classes there, hung out, May with a bachelor’s degree in in- ternational relations and moved to together. to be capital-starved. Ⅲ stumbled into a marketing position for startup Craft Coffee, and got to know New York in September. By Octo- Puppystream founder Elliott Golden, who sat nearby. ber,the 23-year-old was working as He brought her on board as a co-founder last July, and the site, which a strategist at SoHo-based mobile INSIDE TIP: has gotten seed funding, launched in the fall. developer Fueled. The $20 prix fixe lunch, with “I have a joke with friends of mine who are unemployed,” Ms. Maciesz “I was in New York for about extra charges for specials, comes with an said. “I tell them to come and stand around at General Assembly for five three weeks and had three job of- minutes.” —MATTHEW FLAMM fers,” he said. “This is definitely an appetizer, entrée and tea or coffee. interesting time.” Ⅲ

26 | Crain’s New York Business | February 11, 2013 OUT AND SNAPS Donors come out for Studio Museum, Lincoln Center ABOUT by Emily Laermer and Miriam Kreinin Souccar

CULTURE FIX CAREER BUILDERS THURSDAY, FEBRUARY 14 MONDAY, FEBRUARY 11 Need a laugh on Entrepreneurs will discuss tips Valentine’s Day? Spend for success at HAVING FUN WITH the evening discussing SALES AND SUCCESS FOR love and life with two STARTUPS. Students will learn comedians at A CONVER- how to create business strategies, SATION WITH JOY BEHAR develop pitches and stay persist- AND SUSIE ESSMAN. Ms. ent. The class is geared toward Behar, a co-host of The Behar those with no knowledge of sales View, and Ms. Essman, of who are looking to pitch to ven- Curb Your Enthusiasm, ture-capital firms or sell their have been friends since the products. It is at 6:30 p.m. at early 1980s. It is at 7 p.m. (From left) WILLIAM LEWIS, KEN CHENAULT and JOHN HESS at the at Stage 72, 158 W. 72nd AlleyNYC, 500 Seventh Ave., at Studio Museum in Harlem gala on Feb. 4. The event raised more than Honoree AGNES GUND and CHUCK CLOSE at the Studio Museum in St., between Columbus West 37th Street. Tickets are $1.6 million, a record for the museum. Harlem gala. and Amsterdam avenues. $199. For more information, visit Tickets start at $25. For www.funwithsales-es2 more information or to .eventbrite.com. buy tickets, visit Essman www.stage72.com. TUESDAY, FEBRUARY 12 Trying to support yourself FRIDAY, FEBRUARY 15, through your artwork? Learn tips TO SATURDAY, FEBRUARY 23 to improve your finances at LIFE See the controversial New York City Opera HACK: LEAVE YOUR DAY JOB AND production POWDER HER FACE, inspired by a sex LIVE YOUR ART. Attendees will scandal that rocked Britain in the early 1960s. discuss how to save money The opera centers on a series of Polaroids painlessly, leverage record-low presented during the 1963 divorce case against interest rates against record-high Margaret Campbell, the Duchess of Argyll, and rents and understand the real explores the intersection of gender, politics and estate market. It is at 6 p.m. at power. It is at BAM Howard Gilman Opera Wix Lounge, 10 W. 18th St., House, 30 Lafayette Ave., between Ashland between Fifth and Sixth avenues. Place and St. Felix Street, Brooklyn.Tickets Tickets are $35. For more start at $25 and can be purchased by calling information or to purchase (718) 636-4100 or visiting www.bam.org. tickets, visit www.wixlounge.com.

(From left) KATHERINE FARLEY, ROBERT PULLEN, ELIZABETH COOKE LEVY, LUKE FRAZIER patrickmcmullan.com DON’T MISS TWO BY TWO and ADRIENNE ARSHT at the Lincoln Center American Songbook 2013 celebration dinner on GAYLE and HOWARD SOBEL at the Lincoln FRIDAY, FEBRUARY 15, TO SUNDAY, FEBRUARY 17 Feb. 5. The evening raised more than $900,000. Center American Songbook event. See Broadway veterans Jason Alexander and Tovah Feldshuh star in the York Theatre Company’s TWO See more of this week’s Snaps online at CrainsNewYork.com/galleries. BY TWO. The play is the tale of Noah and the ark, retold with modern Jewish vernacular. There are five performances of the show scheduled at the theater at St. Peter’s church. Entrance is on East 54th Street, east of Lexington Avenue. Tickets are $39.50 and can be purchased by calling (212) 935-5820 or by visiting www.yorktheatre.org.

FUNDRAISERS TUESDAY, FEBRUARY 12 Welcome in the Year of the Snake at the New York Philharmonic’s CHINESE NEW YEAR GALA. The event will include a reception, concert and dinner, and will feature conductor Long Yu, pianist Herbie Hancock and soprano Ying Huang.The reception starts at 6 p.m. at Avery Fisher Hall at Lincoln Center, 10 Lincoln Center Plaza.Tickets start at OPENING $35. For more information or to WEDNESDAY, FEBRUARY 13 purchase tickets, visit www.nyphil.org. Relive the New York art scene of two decades ago at NYC 1993: EXPERIMENTAL THURSDAY, FEBRUARY 14 JET SET, TRASH AND NO STAR at the New Participate in a silent auction and buy Museum. The exhibition is a time art while helping first-responders at capsule of art, pop culture and politics, OPEN YOUR ART FOR HURRICANE SANDY. and features the work of more than 75 Proceeds will go toward On the Front artists, including Art Club 2000’s Lines, a first-response healing trauma Untitled (Conrans I), above. It runs organization, and local artists. The through Sunday, May 26, at 235 Bowery, event is at 7:30 p.m. at the Theater between Prince and Stanton streets. Alchemical Laboratory, 137 W. 14th Admission is $14 for adults, $12 for St., between Third Avenue and Irving seniors, $10 for students and free for Place. Tickets are $25 in advance or members and those under 18. For more $30 at the door. For more information, information, visit www.newmuseum.org. visit www.openyourart4.org.

MARK YOUR CALENDAR … MONDAY, APRIL 29, TO SUNDAY, MAY 5 LEARN ABOUT ASIAN CUISINE at the fourth annual LUCKYRICE FESTIVAL, benefiting City Harvest. Featured chefs include Marcus Samuelsson (right), Danny Bowein, Ivan Orkin and Saipin Chutima. Tickets go on sale to the public on Tuesday, Feb. 26. For more

information, visit www.luckyrice.com. buck ennis

February 11, 2013 | Crain’s New York Business | 27 We are

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