GOTHAM GIGS Christian Gibbs is a musician who’ll CRAIN’S® move you P. 7 BUSINESS

VOL. XXIX, NO. 22 WWW.CRAINSNEWYORK.COM JUNE 3-9, 2013 PRICE: $3.00 The Cats conundrum Candidate Catsimatidis credits luck, instinct for his

success, but buck ennis his deals had dark sides, too Grand BY CHRIS BRAGG Central’s AND AARON ELSTEIN In 1986, the small northwestern owner town of Warren faced economic ruin: A major employer, United Refining, an 84-year-old lawyers up oil company on the edge of the Al- legheny River, was mired in bank- ruptcy. In swooped an unknown grocery mogul, John Reclusive investor Catsimatidis. “I recognized the value,” Mr. to fight City Hall Catsimatidis recalled, from his Red Apple Group’s cluttered, over who gets unpretentious office on air-rights windfall 11th Avenue. “I shook it away from ‘Larry the Liquidator,’ as they say, BY DANIEL GEIGER and I saved 5,000 jobs. The people there still Seven years ago, Andrew Penson, head say,‘Thank you.’ ” of an obscure investment firm called But the town , quietly snapped up would soon get ownership of one of the most famous to know an- train stations in the world,Grand Cen- other side of tral Terminal, with dreams of minting its economic hundreds of millions of dollars by sell- savior. For ing off the landmark’s more than 1 mil- more than a year lion square feet of unused development after Mr. Catsimatidis’ rights. takeover, plant security Now—almost a year after his plan wiretapped and recorded was broadsided by Mayor Michael conversations of 100 people Bloomberg’s proposal to create out of inside and outside the com- whole cloth millions of square feet of pany, its attorneys admit in development rights in midtown east court records.The security and sell them off to jump-start a new firm pleaded no contest to generation of bigger, smarter office 100 misdemeanors, and towers—Mr. Penson is fighting back. Mr. Catsimatidis agreed to He’s accusing the city of violating pay a $1 million fine. He de- his constitutional property rights and nied any involvement, an account has hired one of the nation’s foremost contradicted by the security official who constitutional lawyers, David Boies of carried out the crime,asserting that Mr. Bush v. Gore fame, to press his case in See CATS on Page 24 court if need be. darren thompson darren Mr. Penson claims the mayor’s air- rights proposal leaves him no choice. The city aims to charge $250 per square

15 foot for development rights that would allow property owners to build larger towers than current zoning allows. In ELECTRONIC EDITION return, the city hopes to use the pro- ceeds from the sales to fund hundreds

NEWSPAPER 2013 See GRAND CENTRAL on Page 8 ENTREPRENEURSTOP PAGE EDITOR’S NOTE

The flight stuff FYICRAINSNEWYORK.COM

Before last week, I wouldn’t have expected to see Kathryn Wylde Mayoral candidates share and Stuart Appelbaum sharing the same sentence, much less the same the labor endorsements opinion. But there they are on Page he dream of a labor movement unified 11, together at last: The president behind one Democratic mayoral and CEO of the business-backed candidate is dead. In fact, nearly the Partnership for Glenn Coleman T opposite has been achieved in recent weeks: and the president of the Retail, Unions have spread their political backing istockphoto Wholesale and Department Store among the four leading contenders not named Anthony Weiner. Union, jointly arguing for a “full and sustained Last week, the city’s largest municipal union, District Council 37, endorsed city Comptroller commitment from all stakeholders” to drag New John Liu. Earlier last month, the politically potent health care workers’ union 1199 SEIU and the York’s three wheezing airports into something even Communications Workers of America threw their weight behind Public Advocate Bill de Blasio. remotely resembling the 21st century.“Our region’s Former Comptroller Bill Thompson picked up key support from a coalition of 20 uniformed law- airports have gone from first to worst,” they note. enforcement unions. And Council Speaker Christine Quinn won the nod of the United Auto Ten of 14 terminals at JFK, LaGuardia and Newark Workers, which also represents employees in health care, gambling and other industries. airports need redevelopment. A half-century-old Still, endorsements are pending from three major unions: the United Teachers Federation, 32BJ air-traffic-control infrastructure can delay thousands SEIU and the Hotel Trades Council.They have some of the city’s most active operations. of flights across the country on the sunniest of days, The fact that union support has splintered among several Democratic candidates is costing travelers and their employers billions of unsurprising, given that none appears an inevitable winner.The latest Marist poll found Ms. dollars.Then there’s the typical tourist’s trail of tears Quinn clinging to a lead with 24%, while Mr. Weiner was close behind at 19%. Some 23% of from customs to baggage claim to cab line or voters were undecided. —andrew j. hawkins AirTrain. But first things first: Deploying a GPS- style air-traffic technology known as NextGen at SAC CASH-OUT. Investors have until sioner Raymond Kelly and Sen. New York-area airports would basically bring June 3 to decide whether to yank their Charles Schumer disapproved of the HOORAY! America’s epicenter of travel misery up to airspeed, cash from SAC Capital Advisors, the National Park Service’s decision to KATZ’S DELICATESSEN, known for its hedge-fund firm at the center of an move security screening to Ellis Island towering pastrami sandwiches, yet the Federal Aviation Administration has yet to celebrated 125 years in business. insider-trading investigation. Iron- from Battery Park. Mr. Schumer said make New York the first priority in its rollout. “We wood Capital Management didn’t the procedure is “putting millions of all must speak up—loudly—and get the agency to do wait to pull its entire $100 million in- Americans at greater risk.”Both called the smart thing before it makes a bad decision that vestment. Meanwhile, SAC’s largest for the Park Service to screen visitors outside investor, Blackstone Group, is at Battery Park and before has consequences for decades,” Ms. Wylde and Mr. said to be considering withdrawing boarding ferries,which was the proce- Appelbaum write. If you agree with these two close to $400 million,twice as much as dure before Liberty Island closed for unlikely co-pilots that it’s time to reverse course at previously expected. … NASDAQ’S Sandy repairs. … IAC UNLOADING New York’s airports, a good first stop would be the FACEBOOK FINE. Nasdaq OMX NEWSWEEK. Weeks after IAC/Inter- OY VEY! Group will pay $10 million to settle ActiveCorp. Chairman Barry Diller THE CITY’S NEW website of a new advocacy group called the Global charges that it violated numerous rules publicly declared that he wished he’d 911 system briefly failed Gateway Alliance at globalgatewayalliance.org. concerning Facebook’s initial public never bought Newsweek, his compa- three times offering last year. It’s the largest fine ny officially started exploring a sale of after its May the Securities and Exchange Com- the online-only publication. The 29 launch. mission has levied move comes six THIS WEEK IN CRAIN’S against an exchange ‘You build part months after the 80- for “poor systems and year-old magazine … KERIK LEAVES PRISON. Former IN THE BOROUGHS------3 decision making.” … of it, you get went all-digital. IAC, NYPD Commissioner Bernard Kerik GET YER EMPIRE STATE which recently re- was released from prison to finish his IN THE MARKETS------4 the money, BUILDING HERE. In- designed Newsweek four-year sentence in his New Jersey THE INSIDER ------6 vestors approved a then you build .com, said the sale home. He pleaded guilty to tax fraud plan to fold the famed would allow it to fo- and lying to federal officials while be- BUSINESS PEOPLE ------7 the next part ...’ Empire State Build- cus on its Daily Beast ing considered for a cabinet position U.S. Transportation REAL ESTATE DEALS ------9 DEADLY ing into a real estate Secretary Ray LaHood, on brand. … under President George W.Bush.Mr. LETTERS TARGET OPINION ------10 investment trust with how Congress will pay for Kerik is best known for leading the 18 other properties the new rail tunnel under POLS. Letters laced NYPD after the attacks of Sept.11.… GREG DAVID------11 and take it public for the Hudson River, which with poisonous ricin LEAVE YOUR BIKE LOCK AT HOME. As FOR THE RECORD------12 about $1 billion. The got $185 million in federal were sent to Mayor the city’s bike-share program gets un- green light is a major aid to begin construction Michael Bloomberg derway, a bicycle enthusiast group is TOP ENTREPRENEURS------15 victory for the Malkin and a Washington of- testing a bike valet concept. Trans- CLASSIFIEDS ------20 family, which controls the tower. An- fice housing his gun-control nonprof- portation Alternatives will offer free thony Malkin, president of the family it. The letters, postmarked in Shreve- storage of bikes and helmets at a June NEW YORK, NEW YORK SOURCE COFFEE------26 firm, will become the REIT’s CEO. port, La., contained anti-gun-control 5 concert held at Barclays Center. Brooke Stone heads a firm OUT AND ABOUT ------However, a legal challenge may yet rants. A similar letter was mailed to Concertgoers will get the bikes ped- that brings personal 27 hold up the offering. … LIBERTY President Barack Obama,and the FBI aled back to them after the show. assistance to the masses. P. 25 SNAPS------27 LOGGERHEADS. City Police Commis- is investigating. No one was harmed. —amanda fung CORRECTION Douglas Walter Mateyaschuk II was promoted to partner at law firm DLA Piper. His surname was misspelled in the May 20 Executive Moves. STORIES TO WATCH THIS WEEK vol. xxix, no. 22, june 3, 2013—Crain’s New York Business (issn 8756-789x) is published week- ly, 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 New June 4: City June 5: City June 6: New June 9: 2013 Tony York, N.Y., and additional mailing offices. Postmaster: Send address changes to: Crain’s New Council committee Planning votes on farmers’ market to Awards at Radio 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 meets on raising Guvs Island special open at City Music Hall year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2013 by Crain Communications Inc. All rights reserved. newsstand price district to facilitate Bridge Park Pier 6 limit to $10. commercial uses.

2 | Crain’s New York Business | June 3, 2013 IN THE BOROUGHS They get tough projects built MANHATTAN SHoP was brought Advocates in to revive Barclays, now Domino. Secret eye levy to to success is in name save a park BY MATT CHABAN

On a recent evening, Gregg City’s first NID would Pasquarelli and Vishaan Chakrabar- ti stood on the roof of Porter House, create revenue stream the sun setting over the meatpacking for Hudson greenway district condo their architecture firm built in 2003. Porter House began as a six- BY ANNIE KARNI story 1905 beige-brick warehouse, onto the side of which the architects TriBeCa resident Nicole Vianna, a sutured a six-story zinc-clad box of business analyst by training, winces the same proportions: a giant game at the thought that her New York of Tetris come to life. City property taxes have tripled over SHoP Architects didn’t just de- elizabeth loomis the past six years. No wonder she’s sign the building or the 22 multimil- up in arms about the prospect of yet lion-dollar apartments inside, one another new expense. of which belongs to Mr. Pasquarel- A proposal by a parks advocacy li.The firm invested some of its own group would create the city’s first- money—both to control the design ever neighborhood improvement and to share in the FAMILY PORTRAIT: district, where residents and busi- spoils of a project SHoP’s seven nesses—stretching from Chambers the partners knew principals include Street north to West 59th Street and would be a success, identical twins and from about 10th Avenue to the the first of many. two husband-wife Hudson River—would pay a small “In architecture teams. Clockwise assessment to fund the upkeep of the from top left are John school, they teach Mallie, Gregg popular but badly deteriorated you that ‘developer’ Pasquarelli, Coren Hudson River Park. is a dirty word,” Mr. Sharples, Vishaan The idea is modeled on the 67 Pasquarelli said. Chakrabarti, Chris business improvement districts “We’ve never seen it Sharples, Kimberly around the city where trash is picked that way. They’re Holden and Bill up, festivals are staged and trees are Sharples. not the enemy. planted, courtesy of private funds They’re our partners, and nothing paid by commercial landlords and would get built without them.” businesses in the area. SHoP’s business savvy and slick The NID is the brainchild of salesmanship have helped make it donors’ group Friends of Hudson one of the city’s most prolific firms, River Park, which hopes to create a capable of building big,complex and $10 million-a-year funding stream See SHOP on Page 23 See HUDSON on Page 9 Want it now? Online delivery STATS AND THE CITY by Emily Laermer

THE WHEEL WORLD: A “beta” version of the city’s controversial bike-share services proliferate in NY program rolled out May 27, nearly a year after its original launch date.

delivery of must-have dresses, for- sumer—there are no limitations on 6,000 24,000+ Postmates is the gotten phone chargers, even clean- how you can use the service.” BIKES RACKED in Manhattan and Brooklyn ANNUAL MEMBERSHIPS latest to join scrum, ing products. Google also began There are several variations on so far—60% of the eventual total sold as of last Friday, testing same-day delivery service in the get-it-now theme. While most 42% more riders than promising nearly California in March, and is expect- companies partner only with cer- Staten Island Railway’s anything in an hour ed to eventually move it east. tain well-known retailers, like daily count Macy’s or Apple, others market their own inventory.Timing and de- BY ADRIANNE PASQUARELLI ‘Choice is the livery fees can also differentiate one player from the next. First there was Seamless, bringing most important Postmates promises delivery meals from the deli to your door. within an hour or less from 8 a.m. to Then came Booze Carriage, for al- thing for a 3 a.m., for example, but users pay a cohol,and SpotlessCity,for laundry. consumer’ fee of between $5 and $10 for the Late last year, eBay launched eBay service. The eBay Now service has 85,585 799 14 1 Now,touting delivery of nearly any- similar fees but more limited hours. MILES TRAVELED NYC CAR ACCIDENTS NEGATIVE NUMBER thing to city residents. Last week: Hobson, which started last year, of- in first four days of involving cyclists, STORIES about of Citi the Big Apple launch of Postmates, fers to transport tourists’ shopping program, with January through April, the program in Bikes a San Francisco-based mobile bags from in-store purchases to their 30K+ rides down 12.3% from a the New York reported courier service offering retail and “New York is the city of deliver- hotel rooms. Fees can run as high as averaging more year earlier and Post as of last stolen restaurant delivery. ies,” said Postmates founder Bastian $14.50. than 16 mins. each resulting in one death Friday More and more startups, both Lehmann, noting that his company Despite the prices, many firms Sources: Citi Bike, NYPD, Department of Transportation app-based and available through can ferry almost any item to some- report a growing response from con- buck ennis websites, are clamoring for New one inside of an hour. “But choice is sumers, and investors are eyeing the ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY Yorkers’ attention, boasting quick the most important thing for a con- See DELIVERY on Page 8

June 3, 2013 | Crain’s New York Business | 3 IN THE Crain’s to identify NY’s 50 MARKETS fastest-growing companies by Aaron Elstein

ceptions to the age rule on a case-by- Does your firm fit case basis) and be located in the New York area (defined by Crain’s as the the bill? Application five boroughs of New York City; deadline is July 5 Nassau, Suffolk and Westchester counties in New York; and Bergen, Essex, Hudson, Morris and Quick: Are you fast enough to be Union counties in New Jersey). named a Crain’s Fast 50? The deadline for applying is July Crain’s New York Business will 5. Go to www.crainsnewyork.com feature the area’s 50 fastest-growing /fast50 for more information on el- companies in its Oct. 7 issue. Our igibility and to read the most fre- annual Crain’s Fast 50 will highlight quently asked questions about the New York’s best and most innova- process. tive enterprises with feature stories 50 Anyone at your company can about wildly successful local compa- Thrillist (982% growth, to $33 mil- fill out the application, but a top nies, their winning business strate- lion in revenue) and solar-energy official must certify its accuracy. newsbloomberg gies and—most important—their systems designer and installer Mer- Crain’s will not publish personal astronomical revenue growth over cury Solar Systems (661% growth, contact information listed on the three consecutive years. to almost $85 million in revenue). application. The ghost Last year’s Fast 50 included To be eligible,your company may If you have questions about organic-baby-food seller Happy be either publicly traded or private- the application, send an email to Family (three-year growth rate: ly held.It must had at least $10 mil- [email protected], 1,772%,to nearly $35 million in rev- lion in 2012 revenue, be at least four or call (212) 210-0798 or (716) 812- in the machine enue), online men’s merchandiser years old (Crain’s may consider ex- 2481 before the July 5 deadline. Ⅲ t’s understandable if CNBC viewers thought they saw a ghost Friday morning. For the first time in more than a decade, there sat Jack Grubman to chat about the markets. cohnreznick.com/think I Jack Grubman Yes, the same (above, in 2002) who during the tech-stock bubble era was one of the most powerful market mavens. As telecommunications analyst at Citigroup’s Salomon Smith Barney, his bullish pronouncements about stocks like WorldCom regularly moved markets. He was also the poster child for how dirty the stock-picking game got, because his opinions were based in no small part on how

much business a company could industry consultant, is also gaining generate for Citi’s investment renewed attention. In addition to bankers. He was also known to his CNBC appearance, he wrote an change how he rated a stock to ben- analysis last week about Dish Net- efit himself personally. work’s bid for Sprint Nextel in The In one infamous case, he upped New York Times’ Dealbook section. his opinion on AT&T after Citi- Another prominent analyst from group CEO and AT&T director yesteryear, Morgan Stanley’s Mary Sandy Weill asked him to take a “fresh Meeker, is back in the news. Ms. look.” Mr. Grubman didn’t like Meeker,who was never charged with — The Wall Street Journal AT&T shares but complied be- wrongdoing, last week published a March 14, 2013 © 2013 Dow Jones & Company. All Rights Reserved. cause he had asked Mr. Weill, who lengthy “Internet trends”report from also sat on the board of the 92nd her perch at venture-capital firm Street Y, to help him get his chil- Kleiner Perkins Caufield & Byers. Her dren into its highly selective pre- lead finding: “Growth continues.” school. The Wall Street Journal “Here we are years after the grand called the exchange a “kid pro quo.” settlement, and maybe the question Regulators led by then-state At- to ask is,has anything changed?”Mr. torney General Eliot Spitzer cracked Grubman said last week on CNBC. down, forcing Wall Street firms to “I would say not really.” agree to a global settlement in 2003 But he said the pressure that in which they coughed up $1.4 bil- drives analysts to rate stocks “buy” What does lion in penalties and banned the even when they know better hasn’t practice of tying analyst pay to their changed. The way analysts attract CohnReznick ability to bring in investment- paying audiences is by ranking high- banking business. Mr. Grubman ly in a survey of big money managers think? paid $15 million in penalties and was conducted every year by Institution- To survive and thrive in today’s challenging business barred from the securities industry. al Investor magazine, he explained. world, you need more than technical accounting Another well-known analyst at High rankings tend to be awarded expertise. You need industry insight and transformative the time, Merrill Lynch’s Henry Blodget, to analysts who tell investment pros advice that guides your business forward. Find out what paid $4 million in penalties and was what they want to hear: that the CohnReznick thinks at CohnReznick.com/think. also barred for publicly talking up stocks they hold are the right ones. CohnReznick. Where forward thinking creates results. the prospects of dot-com companies “Analysts then, and I guess now, that in private emails he called junk. first and foremost had to have a Mr. Blodget has made a come- high reputation” in the survey, Mr. back as editor of Business Insider.Last Grubman said. month, he argued on the site that Here’s a sign of how little things Yahoo’s $1.1 billion acquisition of have changed: In Mr. Grubman’s social-media site Tumblr isn’t neces- heyday back in 2000, the percentage sarily a waste of money like its 1999 of stocks rated “sell” was 2%, accord- CohnReznick is an independent member of Nexia International acquisition of GeoCities because ing to the Journal. Today, according Tumblr has many more visitors. to Thomson Reuters,the percentage Mr. Grubman, now a telecom- of stocks rated “sell” is 3%. Ⅲ

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Activation/upgradefee/line: Up to $35. IMPORTANT CONSUMER INFORMATION: Subject to Customer Agmt., up to $350 early termination fee/line & other charges. Coverage not available everywhere. Offers& coverage, varying by svc, not available everywhere; see vzw.com. Limited-time offers. Restocking fee may apply. Unlimited calling for directly dialed, live calls between individuals. BlackBerry® and related trademarks, names and logos are the property of Research In Motion Limited and are registered and/or used in the U.S. and countries around the world. Used under license from Research In Motion Limited. LTE is a trademark of ETSI. 4GLTE is available in more than480 markets in the U.S. © 2013 Verizon Wireless. G2666 THE Hilton ends room service INSIDER in favor of grab-and-go grub by Andrew J. Hawkins

NY’s biggest hotel to replace the room-service operation ers and thousands of other employ- at the midtown hotel. ees who work in the room-service discontinue amenity “Like most full-service hotels, departments of the city’s hotels. New York Hilton Midtown has The hotel industry is clearly test- and lay off 55; continued to see a decline in tradi- ing the waters.A couple of years ago, others to follow suit tional room-service requests over the Grand Hyatt on East 42nd the last several years,” said a Street scaled back its room-service spokesman in a statement. The hours when it opened a 24-hour BY LISA FICKENSCHER Hilton Hawaiian Village was the grab-and-go market. The Hyatt’s first Hilton to eliminate room serv- room service shuts down at 11 p.m. The New York Hilton Midtown is ice. In October, it put away the chi- Hotelier Ian Schrager’s the largest hotel in the city, with na and linen in favor of takeout. property, Public, delivers food in a nearly 2,000 rooms. In August, it Room service is a big money- brown paper bag that’s left outside will earn another distinction: It will loser for hotels, said John Fox, sen- guests’ doors. “People don’t like pay- newscom discontinue room service. ior vice president of PKF Consult- ing a $7 service delivery fee or wait- The move will eliminate 55 jobs. ing. “I don’t think anyone makes a ing 45 minutes for their food or Bank bill ignored, Quinn lashes out It could also ignite an industrywide greeting a server while they’re half- trend. Other hotels, such as the dressed,” he told Crain’s last year. ity Council Speaker Christine Quinn last week urged Hudson in New York and the Pub- ‘I don’t think the Bloomberg administration to quit dragging its lic in Chicago, are already nibbling Breakfast-in-bed backlash? at the concept, offering meals deliv- anyone makes a But some consumers still have an feet and implement a bank-regulating bill enacted C Michael Bloomberg ered in brown paper bags. appetite for breakfast in bed. And by the council over Mayor ’s veto last profit on room some wondered if there would be a year. But the bill’s advocates admit they will have to wait It’s a cafeteria backlash. “Are there people who until Mr. Bloomberg leaves office at year’s end. The Hilton property on Sixth service because won’t stay there because it doesn’t Avenue, between West 53rd and have room service?” asked Mr. Fox. In a letter to Deputy Mayor Robert Steel, Ms. Quinn West 54th streets,will open a down- of labor costs’ The Marriott Marquis Times implored the administration to appoint a designee to the market grab-and-go restaurant this Square, for one, offers room service Community Investment Advisory Board, which was called summer called Herb n’ Kitchen, a as late as 2 a.m. on Fridays and Sat- cafeteria-style eatery that will offer urdays, and until 1 a.m. the rest of for by the Responsible Banking Act of 2012. breakfast, lunch and dinner. The the week, and it has no plans to re- plan was announced in October as profit on room service because of its duce the service, said a spokes- “While I understand that it can council speaker’s rivals have part of a larger initiative at the hotel labor costs,” he said, adding, “I’m woman for the property. take time to select a qualified portrayed her as too close to him. chain, which is simplifying its food sure all the big hotels will be looking “Room service is very important candidate to appoint to the board, offerings at Double Tree by Hilton at what Hilton is doing.” at breakfast time,” she said.“It is not it is regrettable that the and Embassy Suites as well. And so, too, will the New York a huge profit center, but if you are a Bloomberg administration has Business’s What it didn’t mention then, Hotel & Motel Trades Council, the hotel of a certain brand or category, made no attempt to fulfill this election strategy however,is that Herb n’Kitchen will union that represents the 55 work- it’s something you provide.” Ⅲ legal requirement and continues to imply that doing so is not a A coalition of business and real priority any time soon,” she wrote. estate interests plans to spend $10 The bill requires banks to million to influence this year’s disclose in exhaustive detail their City Council races and has dealings in low-income recruited a Barack Obama campaign neighborhoods to be eligible to veteran. Ken Strasma, a national hold the city’s money. expert on voter targeting who also “You would think, between the worked for Michael Bloomberg’s federal government and the state 2009 campaign, will help manage government, we’d have enough the group’s field organization.The bank regulations,” Mr. Bloomberg plan is to spend $2 million on said last year. “I don’t know why voter identification and field the City Council thinks that they targeting in 25 races.The bulk of have the expertise, or can really the $10 million expenditure will add anything other than just go toward mailings and radio and adding costs to banks.” television advertising. A year later, he has not named Organizers involved with the anyone to the advisory board, independent expenditure say the which would oversee the data goal is to elect pro-development, collection and analysis. A deadline pro-growth candidates to the for its initial report has passed. council.The new group, the Jobs “In order to perform its for New York PAC, is functions and meet its statutory spearheaded by the Real Estate deadlines, it is imperative that the Board of New York, and includes board be convened without unions like the Mason Tenders further delay,” Ms. Quinn wrote. District Council of Greater New “To this end, I urge the York, UFCW Local 1500, which Bloomberg administration to represents supermarket workers, carry out its legal responsibility and the New York City District and immediately designate a Council of Carpenters. member to the board.” Their ultimate goal may be to Jaime Weisberg, an advocacy elect candidates who straddle the associate at the Association for line between labor and business. Neighborhood and Housing “It’s very important to make sure Development, which helped craft there’s a really good balance,” said the bill, said the council has little Pat Purcell, political director at recourse short of going to court. UFCW. She said the law will likely take REBNY attempted a similar effect after Mr. Bloomberg’s term. effort in 2009, pumping hundreds Ms. Quinn’s letter serves a of thousands of dollars into the purpose for her mayoral Independence Party, but failed to campaign, in that it distances pick up many new friends in the herself from Mr. Bloomberg.The council. Ⅲ

6 | Crain’s New York Business | June 3, 2013 BUSINESS 60% Portion of job seekers in Class of ’13 grad business programs who’d received an offer by March PEOPLE Source: Graduate Management Admission Council

EXECUTIVE MOVES BOX SET: Operating a moving business has Branderati: given Christian Gibbs Ekaterina Walter, 36, the freedom to put out joined the a dozen albums of his marketing company own songs. as a partner and chief marketing officer. She was previously senior social-media strategist and innovator at Intel. Reputation Institute: Jonathan Ewert, 49, joined the corporate-reputation advisory company as chief executive, a newly created position. He was previously entrepreneur in residence at Catalyst Investors. Viggle: Christopher Traynor, 43, joined the second-screen media platform as chief technology officer. He was previously chief architect and group chief technology officer at IPC Inc. Urban Land Institute: Felix A. Ciampa, 46, joined the nonprofit as executive director of its New York District Council. He was previously deputy commissioner of policy and external affairs at the city’s Department of Housing Preservation and Development. Schechter Wealth Strategies: Robert Langer, 47, joined the financial advisory company as managing director. He was previously managing director at BTIG. Campfire: Sascha Uzzell, 38, joined the marketing agency as director of accounts. She was previously vice president and senior director at Safari Sundays in buck ennis New York. Nick Braccia, 37, GOTHAM GIGS joined as creative director. He was previously group creative director at G2 USA. Publicitas USA: Tal Salomon, 46, joined the media sales company as international account director. He was previously vice president of sales and Moving to the music business development at Instadium Inc. Andrew Yaguda, 26, joined as digital sales manager. He was previously an How Christian Gibbs’ business saved his career account executive at Observer Media Group. There are many contenders for the title of when I realized how volatile the music business The Madison Square During a Garden Co.: Ron hardest-working man in show business, but it’s is.” ¶ He returned to New York—and revived the Skotarczak, 42, was gig on the rare singer-songwriter who has his own moving company, which he found gave him both promoted to executive vice moving company. Wooly Mammoth Movers the money and freedom to go on performing. ¶ president of , helps 44-year-old Christian Gibbs keep body When he landed on Broadway a few years ago, marketing partnerships at the he ran his and soul together, and also go on recording and playing guitar and keyboards for the rock musical sports, media and touring despite the demands of raising a family Passing Strange, he managed his moving business entertainment company. He was company and the ups and downs of the music industry. ¶ “I from his dressing room between acts and during previously senior vice president of marketing partnerships at MSG from a was just a man with a van,” said the Brooklyn his weekly day off. Instead of recording an album Sports. dad, recalling the days two decades ago when he with the money he made, he bought a Sprinter Nickelodeon: Dion Vlachos, 44, joined dressing the media company as senior vice started his business. “Then it grew into more.” ¶ van that’s big enough to move people leaving president of retail sales and marketing. The company was born of necessity. A deal with small apartments, who form the largest portion He was previously vice president of room franchise development and global Atlantic Records in the late 1990s gave Mr. of his clientele. ¶ Over the years, he has put out a marketing at Disney Publishing Gibbs a six-figure advance that he lived on for dozen albums of his material, which ranges from Worldwide. three years in Los Angeles. But he parted ways indie rock to the all-acoustic Sleep the Machines, Comedy Central: Jason Shafton, 29, joined the entertainment and media with Atlantic after the album 29 Over Me came released in March on his own label, Eastern company as vice president of brand out in 1999 and didn’t do the kind of business a Spurs. ¶ “Responsibility gives you freedom,” he marketing. He was previously head of play product and social marketing at major label likes to see. ¶ “I’d gotten cocky in the said of his dual career, “if you do it the right way.” Google. past,” Mr. Gibbs said. “I stopped being cocky —matthew flamm —eva saviano

June 3, 2013 | Crain’s New York Business | 7 New Yorkers are using the service during work—ordering umbrellas Delivery services for sudden rainstorms or small air conditioners for steamy weather. Continued from Page 3 ists and other investors, including “We’ve got the size to make eBay category. Postmates has received Amazon and Starbucks. Now attractive to our customers nearly $7 million in venture-capital Indeed, Joseph Park, a Kozmo throughout New York as well as prof- funding. co-founder and the current chief ex- itable for us and our retail partners,” But experts warn that while of- ecutive of online retailer Bluefly said Mr. Ramadge, who declined to fering delivery may seem as easy as Inc., has cautioned publicly against specify how much San Jose, Calif.- ACRES OF OPPORTUNITY: hopping on a Citi Bike, the services the dangers of any business expand- based eBay, a $14.1 billion company, The unused above in many cases can be labor- ing too quickly.Mr. Park did not re- is spending on the division. are intensive, logistical nightmares that turn calls about the potential of the worth hundreds of millions of rarely lead to profits. new courier entrants in Let Hobson get it dollars, the station’s private owner hopes. Sucharita Mulpuru, a the Manhattan market. Some analysts say that the best owner hopes. vice president specializ- Some of these new way to gain a foothold is by offering buck ennis ing in e-commerce at AMOUNT$7M of players will have to com- a niche service. Hobson started by Forrester Research, not- venture-capital pete with the already targeting Big Apple tourists, pro- ed that many companies funding well-established Seam- posing to deliver their shopping that try to create a new Postmates has less,a food-delivery firm. bags to their hotels so they wouldn’t Grand Central fight delivery infrastructure snagged so far Seamless, which gener- have to lug them around the city. from scratch often run ated $85 million in rev- Shoppers can request the delivery Continued from Page 1 praisal firm. Mr. Penson contends into problems by trying enue in 2012, recently service at the registers of certain of millions of dollars in public tran- that applying a single price over a re- to offer too much too soon,especial- agreed to merge with its largest com- stores, leaving their bags with the sit and other infrastructure improve- zoned area that stretches roughly ly if their service fees are low. petitor, Chicago-based GrubHub expectation of later-day delivery. ments. from Madison to Third avenues and “There’s a lot of hype around this Inc., to create a network of 20,000 Hobson partnered with hotel The problem for Mr. Penson is from East 39th to East 57th streets right now,” said Ms. Mulpuru. “The restaurants in 500 U.S. cities. concierges to get the word out, and that the city’s target price of $250 makes little sense. hype will probably die down in six to Jonathan Zabusky, Seamless’ now also provides deliveries to city per square foot is roughly half of Mr. Penson bases his figures on 12 months when it turns out there are chief executive, insists he isn’t wor- residents—an app is in the works as what he hoped to get for his 1.3 mil- his 30-year real estate career.The son some businesses suited to delivery ried about anyone stepping on his well. Unlike eBay and Postmates, lion square feet of hard-earned de- of a prominent real estate lawyer, he and a whole lot more that are not.” turf. “The takeout industry is huge, Hobson,named for the butler in the velopment rights back when he was began in business in the early 1980s with Americans spending more Dudley Moore movie Arthur, deals the only game in the area. as a real estate attorney himself, but A cautionary tale than $69 billion on takeout from in- with in-store purchases at shops “The air rights are going to be within 15 years had graduated to Remember Kozmo? It was an dependently owned restaurants an- such as Mango and Kenneth Cole, providing space that will be added to buying and selling major properties online delivery pioneer—and the nually,” he said. “More companies rather than online buys. the top of the buildings,” Mr. Pen- in the city, including the office tow- most notable failure to date. The mean a larger opportunity for a “We don’t see ourselves as only a son said. “If this is going to be the er 1 and the struggling New York company, known for free growing market.” delivery service,” said co-founder best space in the best new buildings, late-night transport of DVDs and After launching in Manhattan Coby Relis, who hopes to expand shouldn’t it be priced accordingly?” on , munchies, quickly rose to promi- and west Brooklyn in November, from a current count of dozens of which he fixed up nence in the late 1990s at the height eBay Now has received an encour- deliveries a day in the city to as many Shy guy goes public and sold off to Vor- of the dot-com boom. Before going aging response from consumers, ac- as 400 by the end of the year.“We’re The gathering dispute has already nado Realty Trust under in 2001, Kozmo had received cording to David Ramadge,director trying to generate demand and drive forced the normally publicity-shy in 2006 for $689 $250 million from venture capital- of the division. He noted that many traffic to the stores.” Ⅲ Mr. Penson to step into the open. To million. press his case, he is meeting with of- getty Penson In the late ficials like local City Councilman 1990s, Mr. Penson Daniel Garodnick and members of bought shares in the Empire State B-to-B startups get their Community Board 5,who will have a Building, and more recently unsuc- say in the midtown east rezoning that cessfully opposed plans by the prop- Mr. Bloomberg hopes to sign before erty’s manager to take the trophy his successor takes over on Jan. 1. public. In late April, a court ruled own tech accelerator At this point, Mr. Penson hopes the public offering could proceed. he can keep his battle with City Hall It wasn’t until 2006 that Mr. Pen- “They found the companies that “More and more of our cus- out of court.Indeed,he is arguing to son bought the development rights First of its kind in would be most interested in [our tomers are seeing their businesses all who will listen that his interests over Grand Central Terminal as well NYC is backed by product] and made the introduc- disrupted by digital technologies,” and those of the city are perfectly as the land underneath the station— tions,” said Rob Cromer, co- said Ann Marie Bushell, a group aligned. His point is simply that the plus nearly 100 miles of track be- old-line printing firm founder of advertising technology president at RR Donnelley who is city is selling its air rights far too tween the city and Westchester— firm Adcade, one of four startups the founding board member of cheaply, to its own detriment. After from the Lindner family.Technically, BY MATTHEW FLAMM that have been taking part in a trial Work—Bench. “They’re looking at all, a higher price would mean, as he he is the owner of Grand Central phase at Work—Bench that began new technology,but they don’t want put it, “more money available to Terminal, although the property is A new kind of tech accelerator has early this year. He recently reupped the distraction of looking at every- fund infrastructure and neighbor- leased long-term by the MTA. arrived in a city practically teeming for another six-month stint that will thing in the marketplace.” hood improvements.” with them. Work—Bench, which take him through December. Others think he may have a point. Developers like low price officially opens its doors June 3, is “The problem we’re solving is a Bringing on venture capital It appears that Community Board 5 When it comes to Mr. Penson’s New York’s first cooperative space challenge universally but also Work—Bench came about part- is leaning toward raising the price of views on the fair price of midtown exclusively for business-to-business unique to New York,” said Monica ly because of the efforts the $10 bil- air rights when it weighs in with its east development rights, however, startups—those less glamorous Chambers, chief product officer at lion company has been making in re- opinion on the rezoning on June 13. the city begs to differ, although a players in a tech scene best known Work—Bench. “There’s an enor- cent years to reinvent its businesses, “Even if $250 is the right num- spokesman for the Department of for consumer-facing startups like mous amount of innovation here largely through acquisitions of digi- ber now, the city’s [sale of develop- City Planning declined to go into Tumblr and Foursquare. and the highest concentration of tal firms,and the desire of Chief Ex- ment rights] will not kick in until any detail on the matter. The new venture is specifically Fortune 500 companies in one spot. ecutive Thomas Quinlan to speed up 2017,” said Raju Mann, chair of Meanwhile, leaders of the city’s for firms that have already gotten But [startups and big companies] that process.Work—Bench is estab- Community Board 5’s land-use powerful real estate industry think funding and now need to connect are not collaborating;they don’t play lishing a venture-capital fund to in- committee. “So why the hell are we that Mr. Penson may be overreach- with customers and build their sales. well together.” vest in some of these startups when setting the price now?” ing. That could squelch some of the Backed by Chicago-based print- By limiting itself to startups that they’re ready for their next funding Mr. Garodnick, whose sign-off future development that’s needed ing giant RR Donnelley, Work— seem most ready for growth, round. RR Donnelley will be a lim- on the rezoning plan is crucial be- not only to house new workers, but Bench is in the process of choosing Work—Bench hopes to give them ited partner in the fund. cause he represents the area in the also to help cover the costs of much- the 10 or so startups that will fill its instant credibility with large com- The printing company also City Council,is also mulling the pos- needed midtown transit upgrades. two-story, 32,000-square-foot Flat- panies,which might be slow to meet hopes to bring on other large corpo- sibility of a different pricing structure “We feel the $250 figure is ex- iron district space.They’ll sign on for with players that don’t have an ex- rate backers, which would expand for the city’s development rights. pensive,” said Steven Spinola, pres- a minimum of six months;rent starts tensive track record. RR Donnelley, the pool of potential customers and “We are going to take a hard look ident of the Real Estate Board of at about $450 a month per desk. which has been around for nearly make the incubator an even better at the price of the air rights,” Mr. New York. 150 years, can also look through its home for business-to-business Garodnick said. “Members of the Still, with the economy showing Instant access roster of more than 60,000 clients, startups. “I’m surrounded by entre- community and public are concerned increasing signs of health, at this In addition to desks, conference which include most of the Fortune preneurs who think the way I do and about the price of the air because the point it looks as though time and a rooms, bike racks and couches, 500, and see where there’s a fit for face the same challenges,” said Mr. less the air rights cost, the fewer in- rising market may be on Mr. Pen- Work—Bench is providing the the startups’ products. Cromer, who has inhabited shared frastructure dollars there are.” son’s side of the pricing argument. Ⅲ fledgling companies with possibly For the printing company, it’s a space at two other locations since his The city arrived at its $250-per- the greatest amenity of all: access to way to expand its relationships with company’s founding in 2011. “It’s a square-foot figure via a study it LISTEN to a discussion at RR Donnelley’s Rolodex. customers. different kind of community.” Ⅲ commissioned last year with an ap- CrainsNewYork.com/podcasts

8 | Crain’s New York Business | June 3, 2013 IN THE BOROUGHS MANHATTAN

usually is raised to be spent by private companies that run them.In the case Hudson River NID of Hudson River Park, however, pri- vate funds would be raised to be spent Continued from Page 3 So far, she has collected more than by the state agency that runs it. Park for the five-mile long ribbon of park. 1,200 signatures from residents and officials concede that the NID is only It sounds good to some, perhaps, businesses who believe it makes no a last resort, one that is desperately but Ms. Vianna calculated that the sense for the neighborhood to sud- needed to pull the park—with its rot- payment would increase the month- denly have to foot the bill for a park ten pilings, high maintenance costs DIRE STRAITS: Parts of ly maintenance she pays on her that opened in 2003 as a public and sections still left undone—out of the five-mile-long Hudson co-op by 0.5%. amenity. a deep financial hole. River park, like this “That doesn’t sound like a lot,but In other parts of the city,BIDs are “If we want Hudson River Park section of bulkhead, are in we already feel like we’re paying desired by neighborhoods because to be a park that everyone continues need of costly repairs. quite a bit to live here,” Ms. Vianna the businesses being tapped see a to be proud of, and a park that gets river hudson park said. “Parks are a public good and clear benefit to themselves, and they completed at some point, this is a should come out of our tax money.” lobby the city to win approval. necessary piece of it,” said Madelyn businesses 15 cents per square foot. steering committee for the NID.But In February, Ms. Vianna helped Though some BIDs support parks, Wils, chairman of the Hudson Riv- Ms. Wils’ argument is that these even park advocates concede creat- found Neighbors Against the NID. such as , private money er Park Trust, a city-state agency properties benefit financially from ing the NID will be an uphill battle. that operates the park. The park re- their proximity to the park. In fact, a “It’s difficult to impose a NID af- ceives no city or state money for op- 2008 study by the ter the fact, when you have a beauti- erations. Those funds are supposed Regional Plan As- ful park and suddenly you’re told you FROM “BIDs are usually very business- to flow from revenue from Chelsea sociation, com- have some responsibility for its up- oriented,”said Wilma Alonso,exec- Piers, Pier 40 and Pier 57, the park’s HUDSON$9M RIVER missioned by keep,” said Holly Leicht, executive AROUND utive director of the Fordham Road commercial nodes. But revenue PARK’S annual Friends of Hud- director of New Yorkers for Parks. THE CITY BID. “This is social-community from all has fallen far short, leaving funding gap son River Park, Hudson River Park’s not-so-secret development, instead of economic an annual $9 million gap between showed that in weapon will likely be its decrepitude. BRONX development.” income and expenses. Cast in the ¢ Greenwich Vil- A similarly advanced state of decay Among other things, she is hop- role of Cassandra,Ms.Wils reminds PER-SQUARE-7.5 lage the park at Union Square and Bryant Park ing that the popularity of flicks will the community constantly that in FOOT LEVY area buoyed values for helped persuade local BIDs to kick Flicks click for residents would help win support for her group’s plan three years she will run out of mon- pay annually to properties within in money for their rescue. Fordham Plaza to extend the boundaries of the dis- ey and will have to start shutting support the park a couple of blocks Another point of contention is The Amazing Spider-Man lit up the trict to include the plaza as well as down pieces of the greenway. of the greenway by the boundaries of the proposed NID. night in April as the first of a series several commercial properties near- “No one likes to pay more, and no nearly 20%. The Downtown Independent De- of movies to be shown outdoors at by. A formal application to do just one likes to see things fall apart,so this INCREASE20% IN The NID plan mocrats object to “carve-outs” in the Fordham Plaza through the sum- that is pending before city officials. is a choice people have to make,” said AREA PROPERTY has some power- plan, which will exempt two huge mer, courtesy of the Fordham Road Meanwhile, the city is moving Ms. Wils, who said she has collected VALUES attributed ful backers. May- properties with park frontage— Business Improvement District. ahead with large-scale plans to ren- 1,300 signatures in favor of the NID. to the park or Michael Hudson Yards and the World Trade Late last year, its movie-night plan ovate Fordham Plaza,which will in- Under the proposal, which park Bloomberg’s girl- Center—from the tax. The group won a $26,000 prize as part of a clude shifting a loop in the center of officials expect to submit to the city’s friend, Diana Taylor, sits on the calls that break “arbitrary and unfair,” competition by the Department of the plaza that is used by buses else- Department of Small Business Serv- Friends board with Deputy Mayor and claims the NID sets a bad prece- Small Business Services to find the where, and putting in its place more ices in the next few weeks, residential Robert Steel.Mega-developer Dou- dent for “other projects that are the most innovative neighborhood im- public space, retail kiosks and cafés. properties would pay an additional glas Durst, who owns several prop- responsibility of the city of New York provement proposals. —cara eisenpress 7.5 cents per square foot annually,and erties near the river, is heading the and the state of New York.” Ⅲ

REAL ESTATE DEALS 1 Grand Central Place scores BARE BONES Allianz investment unit

or years, Malkin Holdings has been upgrading its 1 Grand Central Place so it can compete with new- er office buildings just a few blocks north on Park Avenue. A recent deal with the real estate investing arm of German insurance company Allianz has given Malkin the sense that its tens of millions of dollars of investment in the tower is paying off. Allianz Real Estate of America took 6,800 square feet, a portion of the 37th floor, at the building Flocated at 60 E. 42nd St., between Park and Madison avenues. Allianz will be relocating from a nearby office at 1114 Sixth Ave., at West 43rd Street. “To get a prestigious company like Allianz to come from a building like 1114 Sixth Ave. to our tower is huge for us,” said Billy Cohen, a broker at Newmark Grubb Knight Frank who represents Malkin Holdings at the property. Allianz signed a 10-year deal for the space, which had an asking rent of $59 per square foot. Malkin installed a prebuilt office unit on the 37th floor of the 55-story building as an incentive for tenants who 469 SEVENTH AVE. 1556 THIRD AVE. 432 PARK AVE. SOUTH didn’t want to go through the work and expense of constructing an office space themselves. ASKING RENT; TERM: ASKING RENT; TERM: ASKING RENT; TERM: Newly constructed office buildings have become increasingly attractive as tenants have sought the efficiencies $47 per square foot; Undisclosed; 10 years $150 per square foot; eight years long-term lease and amenities that modern spaces offer. Fred Posniak, an executive at Malkin Holdings who also helped arrange SQUARE FEET: 3,600 SQUARE FEET: 17,000 SQUARE FEET: 2,800 the deal with Allianz, said that the 1930s-era 1 Grand Central Place has kept pace by making extensive renova- TENANT; REP: The Icahn tions.“You have a historic structure with all the modern amenities,” Mr. Posniak said. TENANT; REP: Summit School of Medicine at TENANT; REPS: Hale & Mr. Cohen helped arrange the deal with Newmark colleague Ryan Kass. Allianz was represented by Jason Perla and Business Media; Alan Mount Sinai; in-house Hearty Soups; Joshua W. Greg Taubin, brokers at Studley. —daniel geiger Wildes of Cushman & representation Gettler and Matthew J. Wakefield Gorman of New Street LANDLORD; REP: Muss Realty Advisors LANDLORD; REP: Meyer Development; in-house weeks for the chain, which signed dentist’s office. The asking rent for family; Eric Meyer of representation by Ross LANDLORD; REP: 432 Fro-yo shop to serve Colliers International Spitalnick Park South Realty Co.; on for a store on West Third Street the deal was $110 a square foot, 80% Joshua Smith of Samco in Manhattan.Both outposts should more than four years ago in the neigh- BACK STORY: The BACK STORY: The Properties in Brooklyn company will take the medical tenant signed on open for business in about six weeks, borhood,according to Adam Stupak, entire 10th floor of the for an expansion on the BACK STORY: The soup Chicago-based Forever Yogurt has according to Forever Yogurt Chief the Task Realty broker who, along 16-story building. fifth floor, bringing its chain, which already has inked a 13-year deal for 1,100 square Executive Mandy Calara. He noted with colleague Dustin Roccaforte, total footprint in the 29 outposts in the New feet at 236 Flatbush Ave., in Prospect that the company wants to have at represented both Forever Yogurt and Agora Building to 8,400, York area, will open at Heights, Brooklyn. least 25 locations in the city. landlord Michael Pintnik. according to The this location in the first Commercial Observer. quarter of 2014. This is the second lease in recent The new fro-yo shop replaces a —adrianne pasquarelli

June 3, 2013 | Crain’s New York Business | 9 OPINION CRAIN’S NEW YORK BUSINESS

Fixing workers’ comp editor in chief Rance Crain publisher, vp Jill R. Kaplan orruption, campaign finance reform and efforts to improvements it can make administratively. In EDITORIAL editor Glenn Coleman fracking may be hot topics in Albany, but fact, it implemented one just last week: The Workers’ managing editor Jeremy Smerd Compensation Board, after seven months of intensive deputy managing editors Valerie Block, rank-and-file businesses across the state Erik Ipsen are more concerned about a less advocacy by the Business Council of New York State, assistant managing editor Erik Engquist sensational subject: workers’ declared that injured employees can be assumed to have senior producer, news Elisabeth Butler Cordova news producer Amanda Fung compensation. While it’s not an issue reached “maximum medical improvement” after two years. contributing editor Elaine Pofeldt Even though the healing process for nearly all injuries rarely columnists Greg David, Steve Hindy, Alair Townsend that propels political careers, New York’s crain’s health pulse editor Barbara Benson system costs a whopping $6 billion a year. Surveys show only exceeds eight months, businesses hailed the new policy as a senior reporters Theresa Agovino, health insurance to be a greater worry for business owners. victory because lawyers had been dragging out cases, Aaron Elstein, Lisa Fickenscher, Matthew Flamm C reporters Chris Bragg, Matt Chaban, Workers’ compensation reform happens rarely in New allowing their “still healing” clients to milk the system for six Daniel Geiger, Andrew J. Hawkins, Annie Karni, Adrianne Pasquarelli York because powerful vested interests—notably the plaintiff years of interim payments before starting the 10-year web reporters/producers bar—are adept at maintaining what, for them, is a lucrative compensation clock Ken M. Christensen, Nazish Dholakia status quo. Aside from some key changes won by Gov. established by the 2007 art director Steven Krupinski The quest to deputy art director Carolyn McClain Andrew Cuomo in this year’s budget, the last significant fix reform. staff photographer Buck Ennis copy desk chief Steve Noveck was in the early days of the Spitzer administration.That 2007 reform an But many similar copy editor Thaddeus Rutkowski change broadened the distribution of money, the vast quirks remain data editor Suzanne Panara arcane and assistant data editor Emily Laermer majority of which had been going to a small fraction of unaddressed, notably researcher Eva Saviano workers injured on the job. But the savings that businesses outdated system the outdated schedules intern Ali Elkin were projected to realize have been overwhelmed by rising that dictate how long ONLINE AND INTERACTIVE SERVICES senior web developer, interactive costs that were ignored or even abetted by the Spitzer reform. workers are paid for a Chris O’Donnell With three weeks remaining in the 2013 session, there is given injury.Thanks to ADVERTISING, MARKETING AND PRODUCTION little hope that legislators will make any more improvements advances in medical director of sales and marketing this year. In fact, the business lobby is currently occupied—as care, ailments that once persisted for months or years are Nancy Adler senior account managers Irene Bar-Am, it often is—with blocking bills that would make the system now fixed in a fraction of that time—yet the gravy train of David Harkey, Jill Bottomley Kunkes, worse.The trial lawyers’ lobby knows its best defense is a yesteryear rolls on.That should be addressed this year by Mr. Courtney McCombs, Suzanne Wilson director of custom content Trish Henry good offense, so it pushes poisonous bills that consume the Cuomo, and next year he must press the Assembly again for sales coordinator Lauren Black business community’s attention and resources. reforms it denied him in March.The quest for a fair and newsletter product manager Alexis Sinclair credit Todd J. Masura (313-446-6097) Meanwhile, the Cuomo administration has shifted its rational workers’ compensation system continues. director of audience & content partnership development Michael O’Connor senior marketing manager Catherine Schutten director of conferences & events CRAIN’S ONLINE POLL COMMENTS Courtney Williams reprint sales manager Lauren Melesio production and pre-press director Simone Pryce advertising production manager More bucks from trucks Suzanne Fleischman Wies TO SUBSCRIBE: DOUBLE-PARKED, there are actually parking build with union workers. A For print and digital subscriptions or customer DOUBLE TROUBLE spaces available would be a nice market that prioritizes building service, e-mail [email protected] idea, too. the highest number of units or call 877-824-9379 (in the U.S. and Canada) or You quote a lot of companies —shaun breidbart over quality construction pro- 313-446-0450 (all other locations). $3.00 a copy for bloomberg newsbloomberg the print edition; or $99.95 one year, $179.95 two complaining about their city Pelham, N.Y. duces a large number of poor- years, for print subscriptions with digital access. HAS THE NYPD GONE fines for double-parking, saying quality units. According to www.crainsnewyork.com/subscribe OVERBOARD WITH ITS the fines waste money and THE UNIONS AND HPD, at least 11% of the inhibit their ability to do affordable, for-sale apartments TO ADVERTISE: STATUE OF LIBERTY AFFORDABLE HOUSING Contact Nancy Adler at business (“All in the cost of on 135 separate projects have [email protected] or call 212-210-0278. SECURITY CONCERNS? doing business,” May 27). Re Greg David’s May 27 construction problems. The www.crainsnewyork.com/advertise How about the millions of column, “Next mayor’s issue: city’s building trades have Yes. The Battery Park waits are too long, and hours of other people’s time building-cost gap”: The status developed a cost-competitive FOR INFORMATION ON OUR EVENTS: screening people as they disembark onto Ellis wasted because we’re stuck in quo in the development of program for affordable-housing Contact Courtney Williams at Island is fine. [email protected] or 212-210-0257. traffic because of double- affordable housing is construction that will save at www.crainsnewyork.com/events No. Ray Kelly knows how to keep the city safe. parked trucks? How about the unacceptable. For too long, least 20% on labor costs alone. Passengers should be screened before getting property damaged and lives lost there have been widespread With a PLA for HPD TO CONTACT THE NEWSROOM: on any park-bound boat. because fire trucks, rescue problems with the quality of work, the city could diversify its 711 Third Ave., New York, NY 10017-4036 crews and ambulances also the affordable housing being contractors, bring competition editorial phone: 212.210.0277 Date of poll: May 28 aren’t immune to traffic delays? built, misspent tax subsidies to to this market, improve the fax 212.210.0799 145 votes Entire contents ©copyright 2013 Crain Communications Inc. It’s one thing to double- favored developers, and quality of construction for All rights reserved. ®CityBusiness is a registered trademark 14% park on a side street away from millions of dollars taken from those residents who buy HPD of MCP Inc., used under license agreement. an intersection, but double- the pockets of the workers who units and protect the workers CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS parking on avenues creates build affordable homes they who build the housing. Why chairman Keith E. Crain huge traffic jams. Perhaps if the can’t even afford to live in. the city won’t consider viable president Rance Crain city provided an incentive for Instead of seeking solutions, and tested solutions for treasurer Mary Kay Crain these trucks to pull around the the city’s Department of Hous- reform—such as PLAs— Cindi Crain corner onto streets instead of ing Preservation and Develop- remains an unsolved mystery. executive vp, operations William Morrow avenues, it would at least help ment and its handpicked devel- —robert bonanza senior vp, group publisher Gloria Scoby 86% to reduce traffic congestion. opers have said no to new Business manager vp/production, manufacturing David Kamis Bigger fines for trucks that initiatives, including the use of Mason Tenders District Council chief information officer Paul Dalpiaz remain double-parked when project labor agreements to of Greater NY and founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) secretary Merrilee Crain (1942-2012) FOR THIS WEEK’S QUESTIONS: CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send columns of 475 Go to www.crainsnewyork.com/poll to have your say. words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number.

10 | Crain’s New York Business | June 3, 2013 KATHRYN WYLDE AND STUART APPELBAUM much better customer service. De- Bring our airports parting travelers cope with inade- quate signs, few customer-service agents, time-consuming screening and frequently incorrect flight-delay into the 21st century information at the gates. Overseas passengers suffer interminable lines at customs, and all arriving travelers ur two organizations represent constituencies— encounter difficult-to-decipher business and labor—that have often been at signs, long waits in depressing odds. But we have joined together on the board baggage-claim areas, taxi hustlers and arduous mass-transit commutes of a new airport improvement advocacy group— or long taxi lines for expensive rides. the Global Gateway Alliance,founded by Joe Sitt This is the customer experience of Thor Equities—because our region’s airports have gone from of a Third World economy, not the O world’s leading metropolis and, for first to worst. many, the gateway to the United Returning New York City’s airports to pre-eminence starts States. So many measures should be taken to improve airport services, with modern terminals,a higher pri- should be replicated to modernize starting with simple fixes like ority from the Federal Aviation Ad- the remaining major terminals. better signs and private-sector-led ministration on delay-reduction Second,NextGen,the GPS-style customer-service training for TSA policies,and better customer service. air-traffic technology that is finally agents. We stand ready to assist. The terminal experience is the starting to replace the 1950s radar Building better airports is no easy first and last impression travelers have blips,should be deployed first at New task, and we appreciate that the Port of our region, and right now they York-area airports, where delays are Authority, airlines and federal gov- could be forgiven for believing it is the the worst and have a cascading effect ernment are making improvements. 1960s. The Port Authority is spend- on air traffic nationwide.Continuing But it’s not enough. Without a full ing billions and partnering with the delays would cost our region $79 bil- and sustained commitment from all airlines to overhaul four major termi- lion in lost productivity and wages by stakeholders, the largest airport sys- nals, but these are multiyear, multi- 2025, a study by the Partnership for tem in the country can’t become the governor projects that need advocacy New York City has found. But so far, vital transportation and commerce to make sure they don’t lose out when the FAA won’t commit. We all must link we need to keep up with the tough budget choices are made. speak up—loudly—and get the economy of the 21st century. In addition,these are only four of agency to do the smart thing before 14 terminals at the three major air- it makes a bad decision that has con- Kathryn Wylde is president of the ports. The public-private partner- sequences for decades. Partnership for New York City. Stuart ship being undertaken to redevelop Third, everyone responsible for Appelbaum is president of the Retail, LaGuardia’s Central Terminal airport operations has to provide Wholesale and Department Store Union.

these tax-free zones.The companies to be located in these zones must SUNY tax-free zones have some relationship to the uni- versity,although no one knows what that means. A so-far undefined flunk the history test council in Albany will rule on who qualifies and who doesn’t. This means the companies—and maybe ov. Andrew Cuomo and anyone who is anybody the universities—will have to spend in his administration spent last week rushing lots of money on politically con- nected lobbyists to maneuver them around the state to sell his Tax-Free NY plan for through the process. Politics will State University of New York campuses to boost play a role—and probably a bigger the downtrodden state economy. one than a smaller one. It seems like a no-brainer. Upstate needs help. SUNY By the way, history tells us these G kinds of strategies don’t work. Dur- campuses are the key economic force in many communities. ing the Pataki administration, the Offering a 10-year exemption from all state and local taxes for state created Empire Zones in sup- posedly depressed areas, with spe- companies that expand at the cam- cial tax breaks and incentives. The puses will create economic activity decisions on which areas were and diversify the economy. Right? named Empire Zones were com- Plus, the main opponent to the pletely political. No area ever plan—the state Civil Service Em- showed any real economic gains. ployees union—is suspect because it They were eventually phased out is mostly trying to block it in retri- when it became clear they had bution for Mr. Cuomo’s hard line in achieved virtually nothing. negotiations. As Mr. Cuomo plans to run for a As with so many things with the triumphant re-election (his object governor these days, there is a much isn’t about winning, which is almost different tale to be told here. assured, but achieving some sort of Let’s start with the amount of universal acclaim), he knows that money New York state spends on GREG DAVID upstate voters are restive. He won’t economic development,broadly de- allow fracking because it isn’t a clear fined. It’s about $7 billion annually, political winner. Gambling will help reports the Citizens Budget Com- show that the money actually pro- some politically and economically. mission, a figure that was increased duces anything. Even the competi- Tax-Free NY is good politics but not by hundreds of millions of dollars in tive contest in which regional eco- good economic development policy. the just-approved budget. That’s a nomic councils hand out $150 To be fair, the governors who lot of money any way you count it. million in grants is completely sub- preceded Mr. Cuomo didn’t tackle Worse, says the business-backed jective. the upstate problem, either. So far, group, there are simply no data to It will be the same story with he’s shown to be only a little better.

June 3, 2013 | Crain’s New York Business | 11 FOR THE RECORD

money order made out to City of New Inc., was represented by Ken Ruderman ● Regeneron Pharmaceuticals Inc. (REGN) York, Parks and Recreation, To make and Nick Zarnin of Studley.The asking Murray A. Goldberg, chief financial ABOUT THIS SECTION inquiries or to obtain bid documents, rent was $42 per square foot. officer, assistant secretary, divisional FOR THE RECORD is a weekly listing of information from the public record that contact Juan Alban at (718) 760-6771 or senior vice president and treasurer, ● can help businesspeople in the New York area find opportunities, potential [email protected]. Solfire signed a lease for 5,000 square exercised options on 251,990 shares of feet at 1828 Troutman St. in Brooklyn. common stock at prices ranging from new clients and updates on competitors. ● Department of Transportation The Brooklyn-based athletic apparel $16.80 to $53.18 between May 20 and To ask questions or get more information on this section, contact Crain’s Requests proposals by 2 p.m. on company will take space on the upper May 21, in a transaction worth research department at [email protected]. June 25 for resident engineering level. The tenant and the owners, $5,165,565. During the same period, he inspection services in connection with Richard Ziskin and Susan Bresler, were sold 66,835 shares of common stock at rehabilitation of the fender system and represented by Howard Darsi and prices ranging from $255.52 to $264.61, the West 155th Street viaduct of the Vincent Lopez of Kalmon Dolgin in a transaction worth $17,359,652. He NEW IN TOWN ● 135 Esston Inc. Macombs Dam Bridge over the Harlem Affiliates Inc. The asking rent was $15 now directly holds 64,922 shares. 3140 Fulton St., Brooklyn River. Bid documents are available from per square foot. Companies that would like to have details Filed for Chapter 11 bankruptcy the bid window, (212) 839-9435. A print ● American Express Co. (AXP) of openings published should submit protection on May 1. The filing cites copy can be obtained at the department ● renewed its lease John D. Hayes, chief marketing officer descriptions following this format to estimated liabilities of $1,000,001 to for a deposit of $50, payable only by for 2,800 square feet at 317 E. 34th St. and executive vice president, exercised [email protected], with $10 million and estimated assets of company check or money order made out The university uses the space for options on 179,252 shares of common “New in Town” in the subject line. $1,000,001 to $10 million. The creditor to New York City Department of medical offices. The tenant and the stock at prices ranging from $16.71 to with the largest unsecured claim is Transportation. A preproposal conference landlord, 317 East , were $45.77 on May 22, in a transaction ● Best Made Co. Indira Mangar, owed $20,000. will be held June 5 at 11 a.m. at 55 Water represented by David Levy of Adams worth $6,812,825. On the same day, he 36 White St., Manhattan St., fifth floor, room 526A/B. For & Co. The asking rent was $60 per sold 182,350 shares of common stock at The craft goods and general store ● 2290 Andrews Avenue Corp. additional information, contact Gail square foot. prices ranging from $74.32 to $76.25, in opened in TriBeCa. The location, the 5308 13th Ave., Brooklyn Hatchett at (212) 839-9308. a transaction worth $13,805,957. He brand’s first brick-and-mortar store, Filed for Chapter 11 bankruptcy RETAIL now directly holds 81,499 shares. serves as its headquarters and offers protection on May 7. The filing cites ● School Construction Authority ● Victoria’s Secret signed a 3.5-year workshops and classes. estimated liabilities of $1,000,001 to Seeks competitive sealed bids by 3 p.m. lease for an additional 60,000 square feet Daniel T.Henry, chief financial officer $10 million and estimated assets of on June 18 for a new building addition at its 2 Herald Square flagship location. and executive vice president, exercised ● MAHPs Vintage $1,000,001 to $10 million. at P.S. 35 in Queens. Bid documents are The lingerie retailer will take space on options on 130,000 shares of common 110A Nassau Ave., Brooklyn available for a nonrefundable charge of the fourth and fifth floors. The tenant stock at prices ranging from $38.10 to The vintage-clothing and -accessories ● Larj Development Corp. $250, payable by check or money order was represented by Richard Hodos $51.87 on May 23, in a transaction store opened in Greenpoint. It is the 10-30 19th St., Queens only.To make inquiries or to obtain bid of CBRE Group Inc. The landlord, worth $5,365,950. On the same day, he first brick-and-mortar shop for the Filed for Chapter 11 bankruptcy documents, contact Seema Menon at Sitt Asset Management, was repre- sold 155,869 shares of common stock at regular Brooklyn Flea vendor. protection on May 3. The filing cites (718) 472-8284 or [email protected]. sented in-house. The asking rent was $74.56, in a transaction worth estimated liabilities of $500,001 to undisclosed. $11,622,201. He now directly holds ● Wonderwolf $1 million and estimated assets of $0 GOODS AND SERVICES 58,274 shares. 377 Metropolitan Ave., Brooklyn to $50,000. ● Economic Development Corp. ● Pottery Barn Teen signed a six-year The children’s shoe store opened in Requests proposals by 4 p.m. on June 21 lease for 1,650 square feet at 1451-1455 ● Starwood Hotels & Resorts Worldwide Williamsburg. It is the first location for ● Magic-Kell Musical Productions Inc. for a consultant to develop and Second Ave. The home decor and Inc. (HOT) the brand. 46-12 Queens Blvd., Queens administer the NYC Tech Talent Draft. furniture retailer was represented by Vasant M. Prabhu, vice chairman, chief Filed for Chapter 11 bankruptcy An optional preproposal information Mark Finkelstein of Retail Strategies. financial officer and executive vice COMPANY MOVES protection on May 2. The filing cites session will be held at 10 a.m. on The landlord, Storepark, was president, exercised options on 115,476 Companies that would like to have estimated liabilities of $100,001 to June 11 at the agency.Those who wish represented by William Bergman and shares of common stock at prices details of recent moves published should $500,000 and estimated assets of to attend should RSVP by email to Bruce Spiegel of Rose Associates. The ranging from $38.24 to $48.61 on May submit descriptions following this $500,001 to $1 million. [email protected] asking rent was between $100 and $150 22, in a transaction worth $5,231,303. format to [email protected], no later than 4 p.m. on June 10. Bid per square foot. On the same day, he sold 115,476 shares with “Company Moves” in the subject ● Satisfaction Enterprises Inc. documents are available for pickup at of common stock at $69, in a transaction line. 107-29 78th St., Queens NYCEDC, 110 William St., sixth worth $7,967,844. He now directly Filed for Chapter 11 bankruptcy floor, between 9:30 a.m. and 4:30 p.m., STOCK TRANSACTIONS holds 156,033 shares. ● Bareburger protection on May 6. The filing cites Monday through Friday.To make 366 West 46th St., Manhattan estimated liabilities of $100,001 to inquiries, contact Maryann Following are recent insider transactions at ● MSC Industrial Direct Co. (MSM) The sustainable, organic-burger chain $500,000 and estimated assets of Catalano at (212) 312-3969 or New York’s largest publicly held companies Mitchell L. Jacobson, chairman, sold opened in Hell’s Kitchen. It is the 12th $1,000,001 to $10 million. The creditor [email protected]. filed with the Securities and Exchange 79,992 shares of common stock at prices New York City location for the brand. with the largest unsecured claim is Commission by executives and major ranging from $83.54 to $84.24 between Consolidated Edison Co., owed ● Housing Authority shareholders. Listings are in order of May 15 and May 20, in a transaction ● Intermix $1,930.95. Seeks competitive sealed bids by 10:35 transaction value.The information was worth $6,705,872. He now holds 322 Bowery, Manhattan a.m. on June 13 for removal and disposal obtained from Thomson Reuters. 157,473 shares. Ⅲ The designer retail chain opened in ● Universal Love Peace and Joy Church of surplus furniture at 23-02 49th Ave., NoHo. It is the company’s seventh of God Inc. fourth floor, Long Island City, Queens. Manhattan location and its 10th in New 901 Pine St., Brooklyn Bid documents are available via York state. Filed for Chapter 11 bankruptcy Internet only at www.nyc.gov/html/ DEALS ROUNDUP protection on May 6. The filing cites nycha/html/business/goods_materials ● Restoration Hardware estimated liabilities of $100,001 to .shtml. To make inquiries, contact Terry TRANSACTION SIZE 131-07 40th Road, Queens $500,000 and estimated assets of Eichenbaum at (212) 306-4546 or SELLER/TARGET (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE The home-goods store opened an outlet $100,001 to $500,000. [email protected]. Blackstone Real $1,468.5 DDR Corp. (remaining 95%) SB M&A at Skyview Center in Willets Point. It is Estate Advisors the second location for the chain; its ● Triborough Bridge and Tunnel Authority (Manhattan)/Portfolio of primary store is at 935 Broadway. GOVERNMENT CONTRACT Seeks competitive sealed bids by 3 p.m. prime power centers in U.S. OPPORTUNITIES on June 11 for a power air sweeper and a AnaCap Financial Partners, $1,222.6 J.C. Flowers & Co. (Manhattan) FB M&A ● Vintage Thrift West trailer for a power air sweeper or the Partners Group Private 242 W. 10th St., Manhattan Following are selected contract equivalent. To make inquiries or to Equity Performance Holding, The nonprofit secondhand store opened opportunities recently announced by obtain bid documents, contact Victoria Morgan Stanley Alternative Investment Partners/Cabot Credit a shop in the West Village. The second New York City agencies.To learn how to Warren at (646) 252-7092 or Management Group Ltd. outpost for the company, the boutique sell goods and services to city government, [email protected]. will specialize in high-end clothing and General Growth Properties $410.0 Teachers Insurance and Annuity SB M&A visit www.nyc.gov/selltonyc. For a Inc./The Grand Canal Association College Retirement accessories. searchable database of current procurement Shoppes, Las Vegas Equities Fund (Manhattan) (50%) notices, visit www.nyc.gov/cityrecord. REAL ESTATE DEALS Zesiger Capital Group $407.9 BIH SA, individual investors SB M&A Listings are alphabetical by category and (Manhattan), UBS Global BANKRUPTCIES department. Companies that would like to have Asset Management (U.K.) Ltd., details of their recent transactions appear in CIM Investment Management The following listings are selected from CONSTRUCTION SERVICES these listings should email descriptions Ltd., H21 Macro Ltd., the most recent available filings by ● Department of Parks and Recreation following this format to ELaermer@ Mackenzie Financial Corp., companies seeking bankruptcy protection Seeks competitive sealed bids by 10:30 crainsnewyork.com, with “Real estate Standard Life Investments Ltd. in the Southern and Eastern Districts of a.m. on June 13 for construction of the transaction” in the subject line, or enter Slater Investments Ltd., Legal & General Investment New York. Information was obtained new Springfield Greenway bicycle , them online at crainsnewyork.com/ Management, State Street from U.S. Bankruptcy Court records located along the eastern edge of the submitadeal. Deals are listed in order of Global Advisors Ltd./Lonrho available on Public Access to Court William T.Davis wildlife refuge and square footage. plc (remaining 80.03%) Electronic Records. Listings are in Freshkills Park and the western edge of Obelysk Inc., Quadrangle $373.0 Telus Corp. SB M&A alphabetical order. LaTourette Park, beginning at the COMMERCIAL Capital Partners intersection of Arlene Street and Signs ● Orange Business Services signed a (Manhattan)/ ● 80-12 Jamaica Ave. Realty Road and extending to Arthur Kill sublease for 17,000 square feet at 10 E. Mobilicity 80-12 Jamaica Ave., Queens Road, in Staten Island. Bid documents 40th St. The information technology Selected deals announced for the week ended May 18 involving companies in metro New York. Filed for Chapter 11 bankruptcy are available for a fee of $25, in the and communications services provider FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing protection on May 3. The filing cites blueprint room, Olmsted Center, will take the building’s 11th floor. The shares of a company with the participation of a financial buyer. SB M&A: Strategic buyer estimated liabilities of $100,001 to Flushing Meadows Corona Park, tenant was represented by Ted Rotante M&A represents a minority or majority acquisition of existing shares of a company without the $500,000 and estimated assets of Queens, from 8 a.m. to 3 p.m. The fee is of Colliers International. The participation of a financial buyer. source: capitaliq $50,001 to $100,000. payable only by company check or sublandlord, Blackboard Collaborate

12 | Crain’s New York Business | June 3, 2013 CRAIN’S Custom Connections Studio

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OMNI BEATUR? SOLOREP ERIBUS VOLUPTUR? Et vollaborem eos alita duci samus et quation sectem QUI QUAE NECTIUN DICIUM quatecepe presciu mquatiumquae sit, quod que aut eum quas eum fuga. Pudam, si aliquiam faceptiae. APITATE PE VERO OMNIET EOS success stories. It, odipsam quias magnis aut plicil ium eumquam facerum asseque cullaut pratqua erature netum ut in “ et aut fuga. Nam volo ipis seculle nducia veriam ipsum SE NET VENIMODI VOLUPTATUR? quodis endento vollam doloribus iderfernam, estrum que voluptae natur? ENT QUIAM NOBIS DOLUPIDITAT Citio. Hilit, simi, con rehenis et aliquo moluptias doluptate recaborepra nemporporate elit, et et, quam cuptatus as audio. Aliquam re, core nient fugit rae LAUDAE QUE LATUM IS excest exerepudi verovit empore excerrum a am hil intionem hil idellut prem. Seque laccum cullum dem similiatem corepudi blam a dolupta et pa sum, totas DOLUPTATUR SUNT IPSAM DOLORE aut omnimol orestio conectoribus rersperi nimaiorem • Promote their rms alongside trusted fuga. Tota nis niscient. AUDANDANIM ET ARCIUR APE ATEM Ecatquamus everunt ionsequae di dollaut ociandia quasimil et et, nimende rferiasperi blaboresciet et facit eat. NOSSEDIPITAS EXERNAM. and authoritative content. Mi, con parumque debit vollenis invelenis re dis aritio ”

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For sponsorship opportunities, please contact Nancy Adler at (212) 210-0728 or [email protected] CHARLIE MERRITT of Merritt Engineering Page 16 JAKE BARTON of Local Projects Page 18

CHRISTOPHER KELLY AND RYAN SIMONETTI of Convene Page 18

GREAT ENTREPRENEURS NEVER STOP innovating and growing, even when facing an unpredictable economy or a challenge as tough as Hurricane Sandy. This year’s Crain’s Top Entrepreneurs, chosen from a record 119 entrants across New York City, impressed our judges because they embody that type of can-do spirit and determination—and a commitment to give back to the city. Consider Raj Thakkar, founder of Charter School Business Management. Noticing that charter schools often struggle because their founders don’t have the experience to manage their finances well, Mr. Thakkar, formerly a charter-school CFO himself, opened a firm to guide them in 2006. He now serves about 100 clients, mostly in New York City. Sniffing out a growing demand for her home fragrances and personal-care products, veteran scent maker Laura Slatkin almost doubled revenue at Nest Fragrances—to $37.4 million last year from $19.6 million in 2011—as she found ways to bring her products to a wider array of retailers. Meanwhile, she has played an active role in initiatives to help those with autism and their families. These are just a couple of the visionary leaders you’ll meet in the pages to come. Even if you never intend to start a business yourself, these inspiring stories will leave you excited about the future of New York. Read more about our winners on Pages 16 to 19. LISTEN to a discussion at CrainsNewYork.com/podcasts ONLINE In a series of video interviews, our top entrepreneurs tell how they keep their companies thriving, at www.crainsnewyork.com/topentrepreneurs SU HWEI LIN of Portage Worldwide Page 19

LAURA SLATKIN of Nest Fragrances Page 16 RAJ THAKKAR of Charter School Business Management Page 19 photos by buckphotos ennis REPORT 2013 TOP ENTREPRENEURS

CHARLIE MERRITT: The engineer’s firm has about 100 A veteran engineer keeps projects, 30% of which are historical historic buildings in top shape preservations.

estoring the city’s historic buildings is painstaking largest glue-laminated wood struc- and detailed work,but that has never deterred Charlie ture,”he recalled.“There was a lot of wood available on the West Coast at Merritt. In his 50-year engineering career, he has that time, so we built it out of tim- helped restore historic gems throughout the city. At ber. We took layers of wood and Rthe Cherokee Apartments, four buildings built by the glued them together to make a very Vanderbilt family in Manhattan, his Bayside, Queens-based strong building. It was very cutting- edge at the time.” firm,Merritt Engineering Consultants,recaptured the splendor When J.C. Penney moved its of the ornate railings, even determining and restoring the headquarters from New York City to Dallas in 1985, Mr. Merritt original color—bright ings in Manhattan,they are didn’t want to relocate, so he started green—buried under 80 very ornate and beautiful, his own firm in 1986 from his White-

years of repaintings. His with gargoyles and statues.” stone, Queens, home. It grew quick- buck ennis team has also helped pre- Straight out of Pratt ly, he said, because the contractors serve and restore other his- Institute in 1957, Mr. and manufacturers’representatives he million in 2012, is growing about thing, from preparing the bids to torically significant build- Merritt began working as knew from J.C. Penney helped con- 20% a year. Its roster of clients in- making sure the contractor is meet- MERRITT ings, including Verizon’s ENGINEERING a structural designer. He nect him with people in the city with cludes Verizon, JPMorgan Chase, ing the project specifications. They headquarters on West continued that work in the building projects. He built an addi- Citibank and UPS. are very thorough and professional.” specializes in Street and the Manhattan building U.S. Army and afterward tion to his house to accommodate the Andrew Toland, a general man- Mr. Merritt said his firm has a House on the Upper East restoration and at several firms, until he rising number of employees, but in ager for Cushman & Wakefield Inc. reputation for “value engineering”— Side—10 towers of 21 sto- structural design. became chief construction 1999 moved the business to Bayside, in Manhattan, has worked with trying to price projects fairly and set ries considered a modernist engineer for J.C. Penney where it now owns two adjacent Merritt Engineering for more than up realistic budgets for clients. icon with their white-brick exteriors in 1973. Back then, the company buildings. In addition, the firm has a 15 years.The firm has done a variety Mr. Toland agreed, and said it is and progressive postwar design. was undergoing a large national ex- small office in Miami. of projects for him, including roof also very good at finding the source “When it’s a landmark building pansion, and Mr. Merritt built hun- Today, Merritt Engineering replacements,façade restoration and of a structural problem, which can like these, it requires that you restore dreds of new stores and catalog Consultants has 50 employees and replacement of the plaza around the be very difficult. “Then they come it to as near its original condition as warehouses—and restored aging about 100 projects,30% of which are perimeter of 1211 Sixth Ave. Not up with a cost-effective solution,”he practical,” said Mr. Merritt. “And if ones—during his tenure there. historical restorations. The prof- only is the work well done, said Mr. said. you look at the tops of prewar build- “In Reno we built the first and itable firm, which had sales of $9.1 Toland,but Merritt “manages every- —eilene zimmerman

lowed by Nest personal-care prod- time to help her recast the line as a LAURA SLATKIN: ucts and fine fragrances. Nest brand. And earlier this year, Her fragrance Today, the Nest empire encom- when the line’s sales “didn’t meet ex- company nearly passes Nest-branded, licensed and pectations,” she didn’t hesitate to doubled revenue private-label lines, including prod- discontinue it. last year. ucts for Tory Burch and Calvin “You can’t become emotionally Klein, and a potpourri of scent- attached if something doesn’t take infusing items, such as room sprays, off,” she said. “I’m here to drive candles and sachets. revenues, expand the business and With its products scoring space have a strong bottom line—and at retail chains as diverse as Saks everything has to be done for that and Target, and as far purpose.” away as David Jones Stores in Aus- Her signature tenacity has won tralia, the 35-employee company over retailers like Jim Gold,president nearly doubled revenue of specialty retail at Dallas- last year, to $37.4 million, headquartered Neiman from $19.6 million in Marcus Group, which in- 2011. The firm, which cludes Neiman Marcus turned profitable two years and Bergdorf Goodman ago, sources its products stores.After Mr.Gold told overseas. NEST Ms. Slatkin that Nest’s Looking ahead—and FRAGRANCES packaging didn’t differen- with -based makes scented tiate one scent from an- private-equity firm Ten- home and other on the selling floor, gram Capital last year pro- personal-care she promptly improved it. viding a substantial infu- products. “That’s Laura,” said Mr. sion of funds to help grow Gold.“Instead of being in- Scent maker enjoys the the business—Ms. Slatkin sulted in any way, shape or plans to introduce in fall 2014 a line form, [she said,] ‘I hear you,’ and she that includes shampoo and body just gets it done.” butter. Her determination also benefits sweet smell of success Still, it hasn’t all been a bed of children with autism. As parents of

buck ennis roses. “Business is a huge roller- an autistic child, the Slatkins start- coaster, with ups and downs,” said ed New York Collaborates for 21-year veteran of the fragrance industry, Laura Mr.Slatkin stayed on as a consultant Ms. Slatkin, 54. “You’ve got to be Autism, a foundation that has Slatkin got her first whiff of entrepreneurship when while Ms. Slatkin used her personal quick to change gears.” spearheaded the development of a resources to start Manhattan-based In 2010,Ms.Slatkin and her em- charter school for autistic children, she partnered with her husband,Harry,in a scented- Nest Fragrances, a manufacturer of ployees invested nine months in and it has funded an autism training candle line. The couple became intrigued by the scented products for the home, bath planning a multimillion-dollar school at Hunter College. Abusiness after Ms. Slatkin’s brother-in-law Howard, an interior and body. launch of a licensed home-fragrance The Slatkins also raised $12 decorator, gave them candles from the high-end line that were At the outset, Nest’s CEO was line, including crisscrossing the million to create the Center for restricted by a noncompete agree- country to show samples to expec- Autism and the Developing Brain, personalized with their names as a wedding present in 1992. ment to producing private-label tant retailers. Then the prospective which is housed on the West- Initially investing “several hundred thousand dollars,” the home-fragrance and personal-care licensee abruptly canceled the proj- chester campus of New York- products. But when the three-year ect—in a voicemail, citing “internal Presbyterian Hospital. husband-and-wife duo—both Wall Co., with more than 100 scented restriction expired, Ms. Slatkin complex reasons,” she said. “Autism reminds me what I can Street alums—developed the busi- products. In 2005, they sold it to wasted no time in introducing the In response, Ms. Slatkin again and cannot change,” she said. ness into luxury brand Slatkin & Limited Brands for eight figures. Nest brand of home fragrances, fol- marshaled her employees, but this —cara s. trager

16 | Crain’s New York Business | June 3, 2013 HEALTH . DISABILITIES | HOME CARE | HOUSING | EMPLOYMENT . WORKFORCE | EDUCATION | YOUTH . FAMILIES

A Night of Inspiration

At its recent annual Benefit Dinner, FEGS Health & Human Services honored Howard W. Lutnick, Chairman and CEO of Cantor Fitzgerald with its Corporate and Philanthropic Leadership Award, and longtime FEGS Board member Arlene and husband Milton Wittels, with its Lifetime Partnership Award.

For nearly 80 years, FEGS has brought vision, compassion, commitment and innovation, to inspire individuals and strengthen communities. Some 100,000 individuals are assisted each year through an integrated network of programs which empowers and prepares individuals to enter or return to the workforce; supports young people, helping them to succeed in school, earn a diploma, and plan for their future; provides specialty care management and housing for people with chronic illness or disabilities so they can live in the community and maximize their independence; and many other services.

We are enormously grateful for the generosity of the FEGS Board of Directors, UJA-Federation of New York, government, business, foundations, and many individuals, families and friends.

PRESENTING SPONSORS Cantor Fitzgerald/BGC Partners/Newmark Grubb Knight Frank Jackie and Barry M. Gosin JPMorgan Chase

VISIONARY SPONSORS Elaine L. and Thomas A. Blumberg; Elise and Andrew R. Brownstein; Wachtell, Lipton, Rosen & Katz; Brian A. Kane; Nancy and Alan Locker; nextSource, Inc.; Judi and Stuart Oltchick; Joanne and Joseph Stein, Jr.; Merryl H. and James S. Tisch; and Arlene and Milton Wittels

LEADERSHIP SPONSORS Phyllis and George Asch; Chem RX Pharmacy Services LLC; Citigroup; Patricia and Alex Gabay; Allen Greenberg; Greenberg Traurig, LLC; Deborah Slaner Larkin and John F. Larkin; Michele Levin and Edward A. Brill; Loeb & Troper LLP; Judith and Michael Margulies; RICOH USA, Inc.; Cindy and Tom Secunda; Patricia B. and Howard Silverstein; and SunGard

A Beneficiaryof Executive Offices 315 Hudson Street New York, NY 10013 212.366.8400 WWW.fegs.org REPORT 2013 TOP ENTREPRENEURS

jects, along with artist and educator cool we are.’ It’s always the right fit Jer Thorp,created an algorithm that for the given situation.” helped arrange the names on the Mr. Carbone said Local Projects memorial and developed software must stay at the forefront of media that connected those names by so- design to keep its edge. “Technolo- cial relationships. “When you look gy changes so quickly, and if they at the physical memorial, the names have a reputation for doing a certain JAKE BARTON: appear undifferentiated, but under- type of thing, the challenge is to JAKE BARTON: The designer brings a neath that, you can see keep moving forward storyteller’s lines and connections and when everyone wants what sensibility to meaning between these you did yesterday,”he said. interactive exhibits. individual lives,” Mr. Bar- Outside the museum ton said. world, Local Projects When the 9/11 muse- works with cities and cor- um opens next year, visi- LOCAL porations.One of its prod- tors will walk through a PROJECTS ucts, Change by Us, is a multimedia exhibit Local designs platform that enables indi- Projects collaborated on interactive viduals and community exhibits for that immerses them in museums and groups to share ideas for stories from a range of public spaces. improving cities and apply people about their experi- for small grants to put their Exhibit designer highlights ence of that day. At the end of the ideas into action. Change by Us exhibit, a series of story booths will helped launch composting groups allow people to tell, in six different across the city. In the South Bronx, languages, their own 9/11 stories. it helped establish Brook Park lives shaped by history Over time,the archive of stories will Chickens—chickens raised in the reflect the evolving meaning of the neighborhood and cared for by local

buck ennis event, said Mr. Barton. kids. Local Projects also supports Local Projects’ other work in- many of its clients with financial and ake Barton,the 40-year-old founder of media design firm experiences like those at museums, cludes the creation of Gallery One, in-kind donations, said Mr. Barton. Local Projects,is a storyteller at heart.More than a decade memorials and galleries more “hu- an interactive fine-arts exhibition The firm’s corporate projects in- man and interactive.” for the Cleveland Museum of Art. clude collaborating on the creation ago, while working at museum design firm Ralph The firm’s first client was Story- Ken Carbone, co-founder and chief of a pavilion for Johnson & Johnson Appelbaum Associates, he became “really obsessed” with Corps, also a startup at the time. creative director of design and at the 2012 Olympics and on the in- Jthe passive nature of museum exhibits. “The knowledge, Now the largest oral-history project branding firm Carbone Smolan teractive media used to help launch experiences and expertise of people in the audience of its kind, StoryCorps records and Agency in Manhattan, said Gallery Microsoft’s Windows Mobile 8.Yet preserves the stories of Americans. One “shot to the top of the list” at even as Local Projects continues to weren’t being leveraged,” he said. He wanted to find a way to Today, Local Projects has grown to the 2013 Society for Environmental expand, the core of Mr. Barton’s connect people and the museum exhibits they were viewing, a profitable 30-employee firm with Graphic Design global awards, business will always be his clients annual revenue of $3.1 million. where he was a judge. and the stories they tell. “There’s using technology and storytelling. science and art. Six months later, he The bulk of Local Projects’ work “I think what sets Local Projects’ nothing more human or timeless,” In 2001, Mr. Barton left his em- launched Local Projects—from his is done in museums and public work apart is that it never feels gra- he said, “than the act of talking ployer for graduate school at New wife’s walk-in closet—with the aim spaces. In creating the 9/11 memo- tuitous,” Mr. Carbone said. “It about your experiences.” York University, to study computer of leveraging technology to make rial that opened in 2011, Local Pro- doesn’t say,‘Look at us.Look at how —eilene zimmerman Meeting of minds spawns

RYAN SIMONETTI AND local gathering spaces CHRISTOPHER KELLY: The former frat brothers bring New Yorkers together in their events hile working in real estate finance, Ryan more enjoyable, productive experi- venues. Simonetti noticed that budget-conscious ences. In addition to a central meet- ing room, there would be adjacent companies were eliminating their large areas designed for networking. conference spaces.At the same time,hotels,the By October 2009, the partners otherW main venue for meetings of 20 to 300 participants, were had finally found a 46,300-square- trying to get out of the one-day conference business.They were foot space at 730 Third Ave. in Manhattan, leased from TIAA- instead emphasizing their guest rooms—not particularly useful CREF, in what had been the finan- for organizers planning local gatherings. cial services company’s internal con- ference and training facility. In 2009, Mr. Simonetti, changed to Convene. With about $1.2 million raised now 31, turned to his for- Offering one-stop to date from Sunrise Capital Part- mer fraternity brother meeting spaces with every- ners, a New York and Mumbai-

Christopher Kelly, now thing from built-in audio- based investment firm—it has in- buck ennis 30—who’d run a party-bus visual equipment to cater- vested a total of $5.6 million, service and spring-break CONVENE ing services, the profitable according to Mr. Simonetti—they cutting ceremony for a 36,600- The partners—and their em- trips with him at Villanova provides space business generates about were in business. In addition, Con- square-foot location near Wall ployees—participate in various vol- University—to see if he geared for local $15 million in annual rev- vene runs a corporate cafeteria and Street.The company also announced unteer activities. Two years ago, the was interested in joining meetings. enue from clients that in- provides catering to offices on all 27 plans to launch spaces near Grand company started working with forces at a company that clude a steady stream of floors of the building. Central Terminal and in Tysons Cor- Nourishing USA and the New York would provide specially designed lo- Fortune 500 companies. “We see It’s the company’s attention to ner,Va.The goal:to have multiple fa- City Department of Homeless Ser- cal meeting spaces for businesses. At ourselves as being sandwiched be- detail that really makes it stand cilities in cities across the country. vices to run the annual Nourishing the time, Mr. Kelly was running an tween some major trends related to apart, according to customers and The company’s labor policies USA Thanksgiving Junior Chefs online private jet charter company in corporate real estate and spending, industry observers.“The space is de- have been key to its success, the program, through which they pro- Aspen,Colo.,called evoJets,with the collaboration and technology,” said signed to make interacting easier,” partners say. For example, all of its vide inner-city children with the in- woman who would become his wife. Mr. Kelly. said Meghan Schilt, events manag- 92 employees are salaried and re- gredients for a Thanksgiving dinner Sensing a big opportunity, Mr. Central to their concept was de- er for private-equity firm Apax ceive benefits and the opportunity and teach them how to cook every Kelly decided to move to New York. signing a network of dedicated Partners in Manhattan. “They un- to earn a bonus. They, in turn, are dish.The company also hosts volun- Not long after, his wife moved their meeting spaces aimed at providing derstand the pace and flow of suc- cross-trained to perform multiple teer days with Nourishing USA, on jet business to the Big Apple.Later in an optimal environment for collab- cessful meetings.” tasks. It’s not unusual for a general which employees plant and harvest 2009, he and Mr. Simonetti founded oration. Rooms would mostly use Convene recently opened a manager to be asked to pitch in with crops on vacant plots in economical- the company under the name Sentry natural light, which, according to 23,500-square-foot space at 810 the vacuuming, according to ly disadvantaged neighborhoods. Centers, which they more recently Mr. Kelly, has been shown to create Seventh Ave. and just had a ribbon- Messers. Simonetti and Kelly. —anne field

18 | Crain’s New York Business | June 3, 2013 “They were also received well un- subculture. “It made sense to me to Expansion is in the bag for derground, carried by an influential bring Manhattan to another coun- population of 20-somethings.” try,” said Ms. Lin. One key to the company’s expan- After exporting the brand for enterprising accessories firm sion came from an early decision years, she finally negotiated the Ms. Lin made as CEO: Go beyond right to establish Manhattan the messenger bag while staying Portage’s stores. “It was hard to find true to the brand’s roots. anyone who would work as hard as I Ms. Lin’s new growth would, working holidays engine was Token, a more and weekends,” said Ms. expensive line of shoulder Lin, who spent her days bags, briefcases and laptop running back and forth SU HWEI LIN: The CEO of bags inspired by a longtime between the two stores. Portage Worldwide has buyer. “He said, ‘Thirty An armed robbery and a found overseas customers for her messenger bags. years ago I bought an orig- PORTAGE middle-of-the-night bur- inal Manhattan Portage, WORLDWIDE glary at her East Village but I want something makes messenger store prompted her to more sophisticated,’ ” re- bags and other close it and focus on the called Ms. Lin. Token is accessories. TriBeCa location, where made from elements like Ms. Lin watched the Twin leather, organic cotton and wool. Towers burn and fall on 9/11. Ms. Lin learned the value of lis- Today,the company operates one tening to her clientele from watch- Manhattan Portage store on Eliza- ing her parents, who ran a pharma- beth Street, a stark, industrial-look- ceutical factory and store as she grew ing space currently showcasing bags up in Taiwan. “It wasn’t all about with hand-painted 3-D Manhattan

buck ennis money for my parents—they had landscapes by artist Djembe & Can- heart,” she said, noting that they of- vas. Ms. Lin keeps things fresh by fter nearly a decade building up a business exporting Ms.Lin saved enough money to buy ten gave away medicine when cus- analyzing trendsetting markets— and importing accessories around the world,Su Hwei out the bag maker and its trademark tomers couldn’t afford it. Japan, France and Italy—and un- in 2006. As CEO, she began creat- Although she originally wanted a veiling limited-edition lines once a Lin, who had settled in Manhattan from Asia in ing the bags herself in a new compa- career away from the family busi- year. Recent hits: mini-messenger 1991, decided on a new challenge in 1998: open up a ny called Portage Worldwide. To- ness—diplomat or doctor,something bags emblazoned with Hello Kitty Atiny retail shop on East Ninth Street. day, the profitable firm, based in that required more of an empathetic and a co-branded bag with watch- Despite limited English and a lack of retail experience, Ms. SoHo, has annual revenue of more element—she instead fell into inter- maker G-Shock. than $10 million, with 30% sales national trade after business school. The company, which has never Lin was confident she could succeed with the new store. She’d growth since last year. In the mid-1990s,a mutual friend done any advertising, is eyeing ex- inked a deal to become the retail arm of Manhattan Portage, a “Manhattan Portage is iconic— introduced Ms.Lin to the founder of pansion to the Middle East and they were the first real brand to Manhattan Portage, whose messen- South America. Portage Worldwide popular brand of messenger bags ey from the very first day.” make a messenger bag into some- ger bags—constructed from Cordu- employees spend a few days each year that were a hit when she’d brought Opening a second shop on West thing that was contemporary, sleek ra, a strong American-made fabric distributing hundreds of its back- them to distributors in Asia. “The Broadway a few years later—and and functional,” said Emily Blu- developed for the military—sparked packs (free) to disadvantaged school- bags were durable, very New York,” continuing to export to Europe and menthal, founder of the Indepen- a nationwide trend and became a children around the five boroughs. said Ms.Lin.“The store made mon- Asia from a dank basement office— dent Handbag Designer Awards. symbol of urban bike-messenger —maggie overfelt Helping charter schools balance their books

uring the four years Raj Thakkar was chief financial children who might not get a good officer at Explore Charter School in Brooklyn, he education in their neighborhoods,so I feel like we’re doing our part to help noticed that nationwide,well-intentioned educators society,” he said. “This may sound were starting charter schools in their communities, hokey, but it’s almost like a calling.” Donly to be shut down for financial management problems. They CSBM now also works with knew academics,said Mr.Thakkar,but when their budgets grew charter authorizers—entities that grant permission for schools to open. RAJ THAKKAR: to $4 million or $5 million, “they didn’t know what to do.” The entrepreneur (Most of those clients are outside feels that his “That was a solvable problem,” he added. New York City.) It helps authorizers charter-school analyze each school’s finances.In the services firm is The fix was Charter a former director of finance near future, Mr. Thakkar, the firm’s doing its part to School Business Manage- and operations at a charter CEO, wants CSBM to have a mem- “help society.” ment, which Mr.Thakkar, school, to handle the daily bership division where school ad-

now 38, launched in 2006. financial management at ministrators anywhere in the country buck ennis CSBM provides business Explore, which became a can access webinars on best practices management and training CSBM client. Mr. Reid, and tap into the company’s knowl- to continue.The U.S.charter school cause of poor academic results,” he CHARTER services for charter schools SCHOOL 34, is now vice president edge base on financial education. movement was 20 years old in 2012, said. “The vast majority have finan- because school adminis- BUSINESS and chief information The company’s growth and suc- and by that time about 1,100 char- cial problems or mismanagement.” trators, pulled in a dozen MANAGEMENT officer of the firm. cess are due,in part,to the large mar- ter schools out of more than 5,600 Mr. Thakkar and his staff attend directions, often don’t helps improve In seven years, CSBM ket for its services. Of the 209 char- had been shut down,more than 40% fundraisers for many of the compa- have the focus or back- financial has grown to 35 employees ter schools in New York state,159 are of those because of financial man- ny’s client schools.Each year CSBM ground necessary to man- operations at and manages or trains in New York City, according to Bill agement problems, according to a employees choose a charity or non- age things like cash flow, charter schools. about 100 clients (a mix of Phillips, president of the Northeast December 2011 study from the profit, and the company donates benefits administration, schools,nonprofits consid- Charter Schools Network, a region- Center for Education Reform. $100 to that organization on each payroll or an annual, state- ered “friends” of charter schools, al advocacy organization based in Al- Educators rarely have the finan- employee’s behalf. Those efforts to mandated financial audit. charter management organizations bany.Mr.Phillips said CSBM is well cial management experience and give back fit well with Mr.Thakkar’s In the spring of 2006, Mr. and charter authorizers), 95% of known and has a “well-deserved skills to operate a school, so the role belief that his organization serves a Thakkar began providing cus- which are in New York City. The good reputation.”He has known Mr. of a financial service organization societal good. “It serves no one if tomized financial training to the profitable Manhattan company has Thakkar since his days at Explorer like CSBM is a powerful one, said these schools are going out of busi- staffs of 10 charter schools while $3.8 million in revenue, up from and said CSBM is “among the best, Henry Levin, a professor of eco- ness because of financial misman- transitioning out of his role at $95,000 in 2006. Mr.Thakkar views in terms of the scope of the work they nomics and education at Columbia agement,” he said. “I feel a responsi- Explore. Mr.Thakkar hired his first the firm as more than a business. do and the quality of the work.” University’s Teachers College. bility to help keep them open.” employee for CSBM, Stephen Reid, “Charter schools often serve poorer Demand for its services is likely “Very few charter schools close be- —eilene zimmerman

June 3, 2013 | Crain’s New York Business | 19 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM EVENT PUBLIC & LEGAL NOTICES Notice of Qualification of 201 Water NOTICE OF QUALIFICATION of FOREIGN LIMITED LIABILITY COMPANY. Notice of Qualification of Abbott Street Holdings LLC. Authority filed Currency Mountain Holdings LLC. Notice of Formation of Foreign Limited Capital Private Equity Partners VII, L.P. with NY Dept. of State on 4/17/13. Authority filed with Secy of State of NY Liability Company (LLC) Name: BAYARD Authority filed with NY Dept. of State Office location: NY County. Princ. (SSNY) on 3/27/13. Office location: ROCK, LLC. Application for Authority on 4/24/13. Office location: NY County. bus. addr.: 825 3rd Ave., FL 37, NY, NY County. LLC formed in DE on filed by the Department of State of New Princ. bus. addr.: 1290 Ave. of the NY 10022. LLC formed in DE on 11/20/12. SSNY designated as an York on: 05/02/2013. Jurisdiction: New Americas, 9th Fl., NY, NY 10104. LP 4/5/13. NY Sec. of State designated agent upon whom process may be Jersey. Organized on: 10/18/2010. formed in DE on 4/23/13. NY Sec. of agent of LLC upon whom process served and shall mail copy of Office location: County of New York. State designated agent of LP upon against it may be served and shall process against LLC to: Delaware Purpose: any and all lawful activities. whom process against it may be mail process to: c/o CT Corporation Intercorp, Inc. 113 BARKSDALE Secretary of State of New York (SSNY) served and shall mail process to: c/o System, 111 8th Ave., NY, NY 10011, PROFESSIONAL CTR, NEWARK, DE designated as agent of LLC upon whom CT Corporation System, 111 8th Ave., regd. agent upon whom process may 19711-3258. Principal business process against it may be served. SSNY NY, NY 10011, regd. agent upon whom be served. DE addr. of LLC: 1209 address: 7 World Trade Center, 32nd shall mail a copy of process to: The process may be served. DE addr. of Orange St., Wilmington, DE 19801. Fl, NY, NY 10007. Cert of LLC filed , 350 Fifth Avenue, LP: c/o The Corporation Trust Co., Cert. of Form. filed with DE Sec. of with Secy of State of DE located: DE Suite 5410, New York, NY 10118. No 1209 Orange St., Wilmington, DE State, 401 Federal St., Dover, DE Division of Corporations, Sec’y of address required to be maintained in 19801. Name/addr. of genl. ptr. 19901. Purpose: all lawful purposes. State, 401 Federal St Ste 4, Dover, New Jersey. Authorized officer in its available from NY Sec. of State. Cert. DE 19901. Purpose: any lawful act. jurisdiction is: New Jersey of LP filed with DE Sec. of State, 401 Notice of Formation of NYC 61ST Department of Treasury, 225 West Federal St., Dover, DE 19901. LLC. Arts. of Org. filed with Secy. of Notice of Formation of Quik Park State Street, Trenton, NJ 08625. Purpose: all lawful purposes. TELECOMMUNICATIONS State of NY (SSNY) on 04/17/13. Libby LLC. Arts. of Org. filed with Office location: NY County. Princ. Secy. of State of NY (SSNY) on Notice of Qualification of Resonance NOTICE OF FORMATION OF Tequila NYC'S MOTOROLA office of LLC: 55 Fifth Ave., 15th Fl., 4/18/13. Office location: NY County. Capital Partners LLC. Authority filed RAMO LLC Articles of Organization MOTOTRBO SPECIALISTS NY, NY 10003-4398. SSNY designated SSNY designated as agent of LLC with NY Dept. of State on 5/15/13. filed with the Secretary of State of Office location: NY County. LLC formed NY (SSNY) on April 3, 2013. Office MOTOTRBOTM as agent of LLC upon whom process upon whom process against it may Professional Digital Two-way Radio against it may be served. SSNY be served. SSNY shall mail process in DE on 4/15/13. NY Sec. of State location New York County. SSNY has System provides significant productivity shall mail process to David R. Feinberg, to: The LLC, 247 W. 37th St., NY, NY designated agent of LLC upon whom been designated as agent upon whom gains - reliably and affordably. Esq. at the princ. office of the LLC, 10018. Purpose: any lawful purpose. process against it may be served and process against it may be served. The • Clearer voice capability and enhanced battery life regd. agent upon whom and at shall mail process to: c/o CT Corporation Post Office address to which the SSNY • Integrated voice and data for better which process may be served. System, 111 8th Ave., NY, NY 10011, shall mail a copy of any process against productivity and privacy HITOSS LLC, a domestic LLC, Arts. Purpose: Any lawful activity. of Org. filed with the SSNY on regd. agent upon whom process may the LLC served upon it is: c/o Oval • Text messaging be served. DE address of LLC: 1209 Concierge, 276 1st Avenue, New York, • Doubles channel call capacity for 2/13/13. Office location: New York the price of one license Notice of Formation of ROSE County. SSNY is designated as Orange St., Wilmington, DE 19801. NY 10009. The principal business Cert. of Form. filed with DE Sec. of address of the LLC is: c/o Oval *$100 TRADE-IN PER RADIO RECOVERY FUND II, LLC. Arts. of agent upon whom process against State, 401 Federal St., Dover, DE Call to learn more or to Org. filed with Secy. of State of NY the LLC may be served. SSNY shall Concierge, 276 1st Avenue, New York, schedule a professional, (SSNY) on 05/10/13. Office location: mail process to: Nansi Xu, 106-15 19901. Purpose: all lawful purposes. NY 10009. Dissolution date: Perpetual. no-obligation survey or Purpose: any lawful act or activity. on-site demo. NY County. Princ. office of LLC: 200 Queens Blvd., Ste. 4T, Forest Hills, Madison Ave., 5th Fl., NY, NY 10016. NY 11375. General Purposes. NOTICE OF FORMATION OF Volcano SSNY designated as agent of LLC Partners New York, LLC. Arts of Org Notice Of Formation Of QuietFX, LLC. upon whom process against it may be NOTICE OF FORMATION OF ART filed with Secy of State of NY (SSNY) Arts of Org filed w/ the Secy of State served. SSNY shall mail process to OF ALIGNMENT LLC. Arts of Org on 1/31/13. Office location: NY County. of NY (SSNY) on 3/18/13. Office the LLC, Attn: Mr. John A. Gacinski filed with Secy of State of NY (SSNY) SSNY designated as agent upon whom location: NY Co. SSNY designated at the princ. office of the LLC. on 2/13/13. Office location: NY County. process may be served and shall agent upon whom process may be 33 East 33rd Street served and shall mail copy of New York, NY 10016 Purpose: Any lawful activity. SSNY designated as agent upon mail copy of process against LLC to: 212-532-7400 whom process may be served and Vasallo Sloane, P.L., Attn.: Jeremy S. process against LLC to principal www.metrocomradio.com NOTICE OF FORMATION OF LIMITED shall mail copy of process against Sloane, Esq., 301 E. Pine St., Ste. 250, business address: Carey Gattyan, LIABILITY COMPANY. NAME: 1496 LLC to principal business address: Orlando, FL 32801. Principal business 104 W 29th St, 5th Fl, NY, NY 10001. OCEAN LLC. Articles of Organization 473 W 141st St, Apt 4, NY, NY address: c/o TAG Energy Partners, Purpose: any lawful act. were filed with the Secretary of State 10031. Purpose: any lawful act. 350 5th Ave, Ste 5310, NY, NY 10118. PUBLIC & LEGAL of New York (SSNY) on 10/27/10. Purpose: any lawful act. Notice of Qualification of RISE NYC NOTICES Office location: New York County. SSNY Notice of Formation of Huniford 211 LLC. App. for Auth. filed with has been designated as agent of the Collection LLC. Arts. of Org. filed Notice of Formation of HAPPY FUEL, Secy. of State of NY (SSNY) on LLC upon whom process against it with NY Dept. of State on 4/17/13. LLC. Arts. of Org. filed with Secy. of 5/1/13. Office location: NY County. PUBLIC NOTICE may be served. SSNY shall mail a State of NY (SSNY) on 04/05/13. LLC formed in Delaware (DE) on NOTICE IS HEREBY GIVEN, PURSUANT Office location: NY County. Princ. bus. copy of process to the LLC, c/o Kyle addr.: 210 11th Ave., Ste. 601, NY, Office location: NY County. Princ. 3/14/12. SSNY designated as agent TO LAW, that the NYC Department Lavender, 36-15 84th Street, 2H, office of LLC: c/o The Cementworks of LLC upon whom process against of Consumer Affairs will hold a Public NY 10001. Sec. of State designated Jackson Heights, New York 11372. agent of LLC upon whom process LLC, 641 6th Ave., 5th Fl., NY, NY it may be served. SSNY shall mail Hearing on June 19th, 2013 at 2:00 Purpose: For any lawful purpose. process to: 211 West Broadway, NY, p.m. at 66 John Street, 11th floor, on against it may be served and shall 10011. SSNY designated as agent of mail process to: c/o CT Corporation LLC upon whom process against it NY 10013. DE address of LLC: 1675 a petition from MEXIBBQ KITCHEN & South State Street, Ste. B, Dover, DE DRAUGHT LLC to establish, maintain, Notice of Qualification of SPI 643-647 System, 111 8th Ave., NY, NY 10011. may be served. SSNY shall mail 19901. Arts. of Org. filed with DE and operate an unenclosed sidewalk NINTH LLC. Authority filed with Secy. Purpose: any lawful activity. process to the LLC, 250 Park Ave. café at 1631-1633 2ND AVE in the of State of NY (SSNY) on 04/30/13. South, 3rd Fl., NY, NY 10003. As Secy. of State, 401 Federal St., Ste. Borough of Manhattan for a term of Office location: NY County. LLC amended by Cert. of Change filed 4, Dover, DE 19901. Purpose: any Notice of Formation of Khedr USA LLC. two years. Requests for copies of formed in Delaware (DE) on 03/26/13. with SSNY on 04/23/13, the process lawful act or activity. the proposed revocable consent SSNY designated as agent of LLC Arts. of Org. filed with Secy. of State addr. is: c/o The Cementworks LLC, agreement may be addressed to: upon whom process against it may of NY (SSNY) on 04/10/13. Office 641 6th Ave., 5th Fl., NY, NY 10011. NOTICE OF FORMATION OF LIMITED Department of Consumer Affairs, Attn: be served. SSNY shall mail process location: NY County. Princ. office of Purpose: Any lawful activity. LIABILITY COMPANY. NAME: PALILA Foil Officer, 42 Broadway, New York, to c/o Corporation Service Co., 80 LLC: 1 Hanson Pl., Unit 16J, Brooklyn, LLC. Application for Authority was NY 10004. State St., Albany, NY 12207-2543. NY 11217. SSNY designated as Notice of Qualification of ABM filed with the Secretary of State of New DE addr. of LLC: 2711 Centerville agent of LLC upon whom process Janitorial Services - Southeast, LLC. York (SSNY) on 04/18/13. The LLC Notice of Qualification of NexGen Rd., Wilmington, DE 19808. Arts. of against it may be served. SSNY shall Authority filed with NY Dept. of State was originally filed with the Secretary Packaging, LLC. Authority filed with Org. filed with Secy. of State, 401 mail process to Corporation Service on 5/13/13. Office location: NY County. of State of Delaware on 07/06/12. NY Dept. of State on 5/17/13. Office Federal St., #3, Dover, DE 19901. Co., 80 State St., Albany, NY 12207- LLC formed in CA on 7/1/08. NY Sec. Office location: New York County. location: NY County. Princ. bus. addr.: Purpose: Any lawful activity. 2543. Purpose: Any lawful activity. of State designated agent of LLC SSNY has been designated as agent 718-B State St., Santa Barbara, CA upon whom process against it may of the LLC upon whom process 93101. LLC formed in DE on 5/24/06. Notice of Formation of DDG 100 NOTICE OF FORMATION OF be served and shall mail process to: against it may be served. SSNY shall NY Sec. of State designated agent of Franklin Investor LLC. Arts. of Org. Grandinetti Health Coaching LLC. c/o CT Corporation System, 111 8th mail a copy of process to the LLC, c/o LLC upon whom process against it filed with Secy. of State of N.Y. (SSNY) Arts of Org filed with Secy of State of Ave., NY, NY 10011, regd. agent The Law Offices of Katz & Matz, P.C., may be served and shall mail process on 05/03/2013. Office location: New NY (SSNY) on 4/16/13. Office location: upon whom process may be served. 1350 Avenue of the Americas, 3rd to: Steven J. Thayer, Handler Thayer, York County. Principal office address: NY County. SSNY designated as Principal office addr.: 1111 Fannin, Floor, New York, New York 10019. LLP, 191 N. Wacker Dr., Ste. 2300, 250 Hudson Street, 10th FL., NY, NY agent upon whom process may be Ste. 1500, Houston, TX 77002. Cert. Purpose: For any lawful purpose. Chicago, IL 60606. DE addr. of LLC: 10013. SSNY designated as agent of served and shall mail copy of process of Org. filed with CA Sec. of State, 615 S. DuPont Hwy., Dover, DE LLC upon whom process against it against LLC to principal business 1500 11th St., Sacramento, CA Notice of Qualification of BLACKSTONE 19901. Cert. of Form. filed with DE may be served. SSNY shall mail copy address: 215 W. 84th St, Apt 417, NY, 95814. Purpose: all lawful purposes. MILESTONE FUND, L.P. Authority Sec. of State, P.O. Box 898, Dover, DE of process to: DDG Partners LLC, 250 NY 10024. Purpose: any lawful act. filed with Secy. of State of NY (SSNY) 19903. Purpose: all lawful purposes. Hudson Street, 10th FL, NY NY 10013. Notice of Qualification of CITI NMTC on 04/22/13. Office location: NY Term: until dissolved. Purpose: To Notice of Qualification of THE SUBSIDIARY CDE XXII, LLC. Authority County. LP formed in Delaware (DE) Notice of Qualification of LSV Special engage in any act or activity lawful. WIRELESS WORKS (USA) LLC. filed with Secy. of State of NY (SSNY) on 03/07/13. Princ. office of LP: 345 Opportunities Domestic Fund IV, L.P. Authority filed with Secy. of State of NY on 05/16/13. Office location: NY Park Ave., 28th Fl., NY, NY 10154. App. for Auth. filed with Secy. of State Notice of formation of HCNY (SSNY) on 04/16/13. Office location: County. LLC formed in Delaware (DE) SSNY designated as agent of LP of NY (SSNY) on 4/30/13. Office Associates LLC filed with the Secy. NY County. LLC formed in Delaware on 05/07/13. Princ. office of LLC: 390 upon whom process against it may location: NY County. LP formed in of State of NY (SSNY) on 4/5/13. (DE) on 11/20/12. NYS fictitious name: Greenwich St., 2nd Fl., NY, NY 10013. be served. SSNY shall mail process Delaware (DE) on 3/21/13. SSNY Office loc.: New York County. The TWW (USA) LLC. SSNY designated SSNY designated as agent of LLC to Blackstone Alternative Asset designated as agent of LP upon whom principal business loc. is 250 W. as agent of LLC upon whom process upon whom process against it may be Management Associates LLC at the process against it may be served. SSNY 43rd St., New York, NY 10036. against it may be served. SSNY shall served. SSNY shall mail process to princ. office of the LP. Name and addr. shall mail process to: 540 Madison SSNY designated as agent of LLC mail process to c/o Corporation c/o Corporation Service Co., 80 of each general partner are available Ave., 33rd Fl., NY, NY 10022. DE upon whom process against it may Service Co. (CSC), 80 State St., State St., Albany, NY 12207-2543. from SSNY. DE addr. of LP: Corporation address of LP: 615 S. DuPont Hwy., be served. SSNY shall mail copy of Albany, NY 12207-2543. DE addr. of DE addr. of LLC: c/o CSC, 2711 Service Co., 2711 Centerville Rd., Ste. Dover, DE 19901. Name/address of process to c/o GF Management, LLC: c/o CSC, 2711 Centerville Rd., Centerville Rd., Ste. 400, Wilmington, 400, Wilmington, New Castle Cnty., DE each genl. ptr. available from SSNY. LLC, 435 Devon Park Dr., 500 Bldg., Ste. 400, Wilmington, DE 19808. DE 19808. Arts. of Org. filed with 19808. Arts. of Org. filed with Secy. Cert. of LP filed with DE Secy. of Wayne, PA 19087. Mgmt. shall be Arts. of Org. filed with Secy. of State Secy. of State of DE, P.O. Box 898, of State, State of DE, Corps. Div., State, P.O. Box 898, Dover, DE by one or more members. Purpose: of DE, 401 Federal St., Dover, DE Dover, DE 19901. Purpose: Real John G. Townsend Bldg., Dover, DE 19903. Purpose: any lawful activity. Any lawful activity. 19901. Purpose: Any lawful activity. estate investment and development. 19901. Purpose: Any lawful activity.

20 | Crain’s New York Business | June 3, 2013 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of 443 East Notice of Qualification of Roberts Notice of Qualification of Great Notice of Qualification of THE Notice of Qualification of LUCROR 115th Street Owner LLC. Authority Capital, LLC with fictitious name Atlantic News L.L.C. Authority filed LIFESTYLE PRESS, LLC. Authority ENERGY AND INFRASTRUCTURE filed with NY Dept. of State on Roberts Capital Holdings, LLC. with NY Dept. of State on 4/8/13. filed with Secy. of State of NY (SSNY) GROWTH AND INCOME GP, LLC. 2/25/13. Office location: NY County. Authority filed with Secy of State of NY Office location: NY County. Princ. bus. on 04/26/13. Office location: NY Authority filed with Secy. of State of NY LLC formed in DE on 2/15/13. NY Sec. (SSNY) on 4/23/13. LLC formed in DE addr.: 18th Fl. - 1067 W. Cordova St., County. LLC formed in Delaware (DE) (SSNY) on 05/20/13. Office location: of State designated agent of LLC on 4/3/13. Office location: NY County. Vancouver, BC, Canada V6C 1C7. on 03/22/13. Princ. office of LLC: 240 NY County. LLC formed in Delaware upon whom process against it may Princ. bus. addr.: 1350 Avenue of LLC formed in DE on 11/21/97. NY W. 30th St., NY, NY 10001. SSNY (DE) on 05/15/13. Princ. office of LLC: be served and shall mail process to: Americas, 2nd Fl., NY, NY 10019. Sec. of State designated agent of designated as agent of LLC upon whom 10 Barclay St., #5B, NY, NY 10007. The LLC, 11607 Springridge Rd., SSNY designated agent upon whom LLC upon whom process against it process against it may be served. SSNY designated as agent of LLC Potomac, MD 20854. DE address of process may be served and shall mail may be served and shall mail process SSNY shall mail process to the LLC, upon whom process against it may be LLC: The Corporation Trust Co., 1209 copy of process against LLC to: c/o to: c/o CT Corporation System, 111 Attn: President at the princ. office of served. SSNY shall mail process to Orange St., Wilmington, DE 19801. InCorp, One Commerce Plaza 99 8th Ave., NY, NY 10011, regd. agent the LLC. DE addr. of LLC: The Company the LLC at the princ. office of the LLC. Cert. of Form. filed with DE Sec. of Washington Ave., Ste. 805-A, Albany, upon whom process may be served. Corp., 2711 Centerville Rd., Ste. 400, The regd. agent of the company upon State, 401 Federal St., Dover, DE NY 12210. DE address of LLC: c/o DE addr. of LLC: 1209 Orange St., Wilmington, DE 19808. Arts. of Org. whom and at which process against 19901. Purpose: all lawful purposes. InCorp, One Commerce Center 1201 Wilmington, DE 19801. Cert. of Form. filed with DE Secy. of State-Div. of the company can be served is Orange St., #600, Wilmington, DE filed with DE Sec. of State, 401 Corps., John G. Townsend Bldg., Richard J. Roy, 10 Barclay St., #5B, Notice of Formation of Quik Park 19899. Cert of Formation filed DE Sec. Federal St., Dover, DE 19901. 401 Federal St. - Ste. 4, Dover, DE NY, NY 10007. DE addr. of LLC: 2711 Marlo LLC. Arts. of Org. filed with of State, 401 Federal St., Dover, DE Purpose: all lawful purposes. 19901. Purpose: Any lawful activity. Centerville Rd., Ste. 400, Wilmington, Secy. of State of NY (SSNY) on 19901. Purpose: any lawful act. DE 19808. Arts. of Org. filed with 4/18/13. Office location: NY County. Notice of Formation of EDDIE’S DELI Notice of Formation of VP International Secy. of State of the State of DE, SSNY designated as agent of LLC Notice of Formation of TOTC & PIZZA, LLC. Arts. of Org. filed with LLC (LLC). Articles of Organization 401 Federal St., Dover, DE 19901. upon whom process against it may PROPERTIES LLC. Arts. of Org. filed Secy. of State of NY (SSNY) on filed with the Secretary of State of Purpose: Any lawful activity. be served. SSNY shall mail process with Secy. of State of NY (SSNY) on 05/02/13. Office location: NY County. New York (SSNY) on 5/2/12. Office to: The LLC, 247 W. 37th St., NY, NY 04/23/13. Office location: NY County. SSNY designated as agent of LLC Location: New York County. SSNY Notice of formation of TIME WARNER 10018. Purpose: any lawful purpose. SSNY designated as agent of LLC upon whom process against it may designated as agent of LLC upon CONDO 66 NY, LLC Arts. of Org. filed upon whom process against it may be be served. SSNY shall mail process whom process against it may be with the Sect’y of State of NY (SSNY) Notice of Formation of Prayan LLC. served. SSNY shall mail process to to the LLC, 168 E. 116th St., NY, NY served. SSNY shall mail copy of on 3/29/2013. Office location, County Art. of Org. filed with Sec’y of State Corporation Service Co., 80 State St., 10029. Purpose: Any lawful activity. process to: the LLC, 320 E. 90th of New York. SSNY has been (SSNY) on 11/08/2012. Principal Albany, NY 12207. Purpose: Any Street Apt. 2C, New York, NY 10128. designated as agent of the LLC lawful activity. Purpose: any lawful activity. upon whom process against it may Office: 66 , Suite 3i, Notice of Formation of 315 East 10th New York, NY, 10016, NY County. be served. SSNY shall mail process Street LLC, Art. of Org. filed Sec’y of to: c/o Aaron Friedman, Esq., 20 SSNY designated as process agent. NOTICE OF FORMATION OF PPNY 11 State (SSNY) 3/11/13. Office location: Notice of Formation of 80 Leonard 5B Process Service address: 66 Madison LLC. Arts of Org filed with Secy of LLC. Arts. of Org. filed with NY Dept. West 22nd St., Ste. 1610, NY NY NY County. SSNY designated as 10010-5831. Purpose: any lawful act. Avenue, Suite 3i, New York, NY, State of NY (SSNY) on 3/13/2013. agent of LLC upon whom process of State on 3/28/13. Office location: 10016. Purpose: any lawful activity. Office location: NY County. SSNY against it may be served. SSNY shall NY County. Sec. of State designated designated as agent upon whom mail copy of process to Kushner Co., agent of LLC upon whom process NOTICE OF FORMATION OF Mane FORMATION NOTICE OF TIME IS process may be served and shall mail 666 Fifth Ave., 15th Fl., NY, NY 10103. against it may be served and shall Chick Hair LLC. Arts of Org filed with YOUNG LLC. Arts of Org filed with copy of process against LLC to prin Purpose: any lawful activities. mail process to: Movses J. Bas, 27 Secy of State of NY (SSNY) on Secy of State of NY (SSNY) on 3/1/13. bus addr: 1420 Rocky Ridge Dr., Ste. Ware Rd., Upper Saddle River, NJ 1/22/13. Office location: NY County. 100, Roseville, CA 95661. Purpose: 07458, principal business address. SSNY designated as agent upon whom Office location: NY County. SSNY MELCER NEWMAN PLLC, a Prof. designated as agent upon whom Own real estate and all lawful activity. Purpose: any lawful activity. process may be served and shall mail LLC. Arts. of Org. filed with the copy of process against LLC to: US process may be served and shall SSNY on 01/17/2013. Office loc: NY NOTICE OF FORMATION OF Garn Corp Agents, 7014 13th Ave, Ste 202, mail copy of process against LLC at: Notice of Formation of Civic Builders County. SSNY has been designated Press LLC. Arts of Org filed with Bklyn, NY 11228. Principal business 7014 13th Ave, Ste 202, NY 11228. Sub-CDE II, LLC. Arts. of Org. filed as agent upon whom process Secy of State of NY (SSNY) on address: 75 E 116th St., #3N, NY, NY Purpose: General. with Secy. of State of NY (SSNY) on against it may be served. SSNY shall 2/19/13. Office location: NY County. 10029. Purpose: any lawful act. 4/30/13. Office location: NY County. mail process to: 39 Broadway Ste SSNY designated agent upon whom NOTICE OF FORMATION OF Inwood SSNY designated as agent of LLC 2230, NY, NY 10006. Purpose: To process may be served and shall Notice of Formation of OZLO 368 Family Guidance and Psychological upon whom process against it may Practice The Profession Of Law. mail copy of process against LLC to Baltic LLC. Arts. of Org. filed Secy. of Services, PLLC. Articles of Organization be served. SSNY shall mail process principal business address: 11 State of NY (SSNY) on 2/27/13. Off. filed with the Secretary of State of NY to: Civic Builders, Inc., 304 Hudson NOTICE OF FORMATION of JB and Riverside Dr, 15DW, NY, NY 10023. loc.: NY County. SSNY designated (SSNY) on 4/11/13. Office location: St., 3rd Fl., NY, NY 10013. Purpose: VL LLC. Article of Organization filed any lawful activities. Purpose: any lawful act. as agent of LLC upon whom process New York County. SSNY has been with the Secretary of State of NY (SSNY) against it may be served. SSNY shall designated as agent upon whom on 03/22/13. Office location: NY Notice of Formation of Ergo Consulting mail process to: c/o United States process against it may be served. The LEWIS20, LLC, a domestic LLC, Arts. County. SSNY has been designated LLC. Art. of Org. filed Sec’y of State Corporation Agents, Inc., 7014 13th Post Office address to which the SSNY of Org. filed with the SSNY on 4/12/13. as agent upon whom process against (SSNY) 12/06/12. Principal Office: Ave., Ste. 202, Brooklyn, NY 11228, shall mail a copy of any process Office location: New York County. it may be served. The address to 333 E 102nd Street, Suite #633, NY, the registered agent upon whom against the PLLC served upon him/her SSNY is designated as agent upon which the SSNY shall mail a copy of NY 10029, New York County. SSNY process may be served. Purpose: is: 5030 Broadway, Suite 617, New York, whom process against the LLC may any process against the LLC served designated as process agent. any lawful activity. NY 10034. The principal business be served. SSNY shall mail process upon him is C/O the LLC, 7014 13th Process Service address: 333 E address of the PLLC is: 5030 Broadway, to: The LLC, 38 E. 85th St., NY, NY Avenue, Suite 202, Brooklyn NY 102nd Street, Suite #633, NY, NY Suite 617, New York, NY 10034. 10028. General Purposes. 11228. Purpose of LLC: to engage NOTICE OF FORMATION OF SMILE 10029. Purpose: any lawful activity. in any lawful act or activity. Principal DESIGN GALLERY, LLC. Arts of Org Business location is: 219 E 81st filed with Secy of State of NY (SSNY) Notice of Qualification of FIVE MILE NOTICE OF FORMATION of Fiechter & on 1/16/13. Office location: NY County. CAPITAL PARTNERS LLC. Authority Salva LLP. Certificate of Registration Street Apt 1-H, New York NY 10028. CITY MEDICAL OF TRIBECA, PLLC, a domestic PLLC, Arts. of Org. filed SSNY designated as agent upon whom filed with Secy. of State of NY (SSNY) filed with the Secretary of State of NY process may be served and shall on 05/03/13. Office location: NY (SSNY) on 02/07/13. Office location: Notice of Qualification of HCAP with the SSNY on 4/25/13. Office location: New York. SSNY is designated mail copy of process against LLC to County. LLC formed in Delaware (DE) NY County. SSNY has been designated Advisors LLC. Authority filed with principal business address: C/O LEE on 10/01/02. Princ. office of LLC: 680 as agent upon whom process against NY Dept. of State on 5/8/13. Office as agent upon whom process against the PLLC may be served. SSNY shall GAUSE, 324 SPRING ST, STE 3, NY, Fifth Ave., 26th Fl., NY, NY 10019. it may be served. The Post Office location: NY County. LLC formed in NY 10013. Purpose: any lawful act. SSNY designated as agent of LLC address to which the SSNY shall DE on 12/18/12. NY Sec. of State mail process to: Margaret Johnson, upon whom process against it may mail a copy of any process against designated agent of LLC upon whom Esq., 336 E. 86th St., NY, NY 10028. be served. SSNY shall mail process Fiechter & Salva LLP served upon process against it may be served and Purpose: Medicine. Notice of Formation of Advanced to c/o Corporation Service Co. (CSC), him is C/O Fiechter & Salva LLP, 45 shall mail process to: c/o CT Learning Group, LLC, Art. of Org. filed 80 State St., Albany, NY 12207-2543. Rockefeller Plaza, (630 Fifth Avenue), Corporation System, 111 8th Ave., NY, Notice of Formation of JULIE VOS Sec’y of State (SSNY) 2/6/13. Office DE addr. of LLC: c/o CSC, 2711 Suite 2000, New York, New York NY 10011, regd. agent upon whom DESIGNS LLC. Arts. of Org. filed location: NY County. SSNY designated Centerville Rd., Ste. 400, Wilmington, 10111. Purpose of LLP: to engage in process may be served. DE addr. of with Secy. of State of NY (SSNY) on as agent of LLC upon whom process DE 19808. Arts. of Org. filed with practice of law. Street address of LLC: c/o Corporation Trust Co., 1209 05/16/13. Office location: NY County. against it may be served. SSNY shall Secy. of State of the State of DE, Principal Business location is: Orange St., Wilmington, DE 19801. SSNY designated as agent of LLC mail copy of process to 340 Madison John G. Townsend Bldg., 401 Fiechter & Salva LLP, 45 Rockefeller Cert. of Form. filed with DE Sec. of upon whom process against it may be Ave., Ste. 1920, NY, NY 10173. Federal St., Ste. 3, Dover, DE 19901. Plaza, (630 Fifth Avenue), Suite 2000, State, 401 Federal St., Dover, DE served. SSNY shall mail process to Purpose: any lawful activities. Purpose: Any lawful activity. New York, New York 10111. 19901. Purpose: all lawful purposes. c/o Tannenbaum Helpern Syracuse & Hirschtritt LLP, Attn: Joel S. Hirschtritt, Notice of Qualification of KENBELLE Esq., 900 Third Ave., NY, NY 10022- CAPITAL LP. Authority filed with Secy. 4775. Purpose: Any lawful activity. of State of NY (SSNY) on 04/09/13. Office location: NY County. LP formed Notice of Qualification of HFZ KICK in Delaware (DE) on 04/04/13. Princ. 30TH STREET LLC. Authority filed office of LP: 444 Madison Ave., 35th with Secy. of State of NY (SSNY) on Fl., NY, NY 10022. SSNY designated Want To Get Your Company In Front Of 04/30/13. Office location: NY County. as agent of LP upon whom process LLC formed in Delaware (DE) on against it may be served. SSNY shall New York City’s Influential Business Professionals? 04/29/13. Princ. office of LLC: 500 mail process to the Partnership at the 5th Ave., Ste. 1710, NY, NY 10110. princ. office of the LP. The regd. agent SSNY designated as agent of LLC of the company upon whom and at upon whom process against it may which process against the company Contact Joanne Barbieri at be served. SSNY shall mail process can be served is Meredith Whitney, to the LLC, Attn: Casey R. Kemper at 444 Madison Ave., 35th Fl., NY, NY 212-210-0189 for classified the princ. office of the LLC. DE addr. 10022. Name and addr. of each gen- of LLC: Corporation Service Co., eral partner are available from SSNY. advertising opportunities. 2711 Centerville Rd., Ste. 400, DE addr. of LP: 2711 Centerville Rd., Wilmington, DE 19808. Arts. of Org. Ste. 400, Wilmington, DE 19808. Arts. filed with DE Secy. of State, Div. of of Org. filed with Secy. of State of the Corps., 401 Federal St., Dover, DE State of DE, 401 Federal St., Dover, DE 19901. Purpose: Any lawful activity. 19901. Purpose: Any lawful activity.

June 3, 2013 | Crain’s New York Business | 21

tunity to do your own thing if you go outside of zoning,” said Mr. SHoP shows it can build complex projects Chakrabarti. “Is it challenging? Sure. But it’s also rewarding, espe- Continued from Page 3 cially when you go to a city official often politically contentious proj- and say,‘I want to do something ex- ects whose designs are nonetheless traordinary,’and watch them get ex- fawned over at city planning meet- cited about that.” ings and in the pages of shelter mag- Mr. Pasquarelli said he sat azines. SHoP has become the dar- through 400 public meetings on the ling not only of the high-minded East River Esplanade. design community but also of no- Developers count on that stead- nonsense developers. fastness. Already the Pier 17 and Just last week,the Municipal Art Staten Island malls have undertak- Society unveiled proposals to trans- en the city’s tough public-review form Penn Station from four of the process with little outcry. Another city’s top firms: SOM, Diller 1 2 mall for Mr. Capoccia, at Seward Scofidio + Renfro,Hugh Hardy and Park on the Lower East Side, is be- SHoP, which went last. The others ing managed by the city’s Econom- gave a typical PowerPoint archi- ic Development Corp., as was a lecture. SHoP wheeled out a 30- competition for Related’s towers in foot by 15-foot model of its plan— Hunter’s Point South. to giggles from the crowd. Mr. Chakrabarti, Mr. Pasquarelli and Domino Sugar fellow partner Chris Sharples wore SHoP is shepherding designs for matching black suits,shirts and ties. a new Major League Soccer stadium To complete their pull-out-the- struggling to rise in Flushing Mead- stops pitch, an army of young ows,as well as another arena for For- SHoPers handed out pamphlets est City Ratner and Jay-Z that when the presentation was over. would transform the Nassau Colise- With more than 100 architects, 3 4 um. (The plan calls for peeling back construction managers and engi- the concrete exterior and wrapping neers and $2.8 billion in projects the arena in undulating panels, not worldwide, SHoP is among the unlike its city’s top 10 largest architecture proposal that the Dolan family firms.The partnership has averaged abandoned after SHoP went to 20% growth annually during the work on Barclays.) past nine years. Nowhere is this work more obvi- ous than at the former Domino A loft on West 38th Sugar refinery in Williamsburg, Most New Yorkers are by now Brooklyn. The 11-acre site was al- well acquainted with SHoP’s most ready controversially rezoned for high-profile project to date, Bar- 6,600 apartments, but the recession clays Center in Brooklyn. But a stymied the development. It was SHoP-built skyline has become in- 5 6 sold to Two Trees Management Co. creasingly visible since the firm was architects shop courtesy of last year. Principal Jed Walentas founded in 1996. After 9/11, it de- hired SHoP to help him rezone the signed the Rector Street Bridge in 1 BARCLAYS CENTER: SHoP’s design helped rescue Brooklyn’s arena site yet again. and generate excitement for the controversial project. 2002, followed by the two-mile- “I know it seems crazy, but we 2 BREAKING GROUND: Construction is now underway on three lower- long East River Esplanade in lower cost modular apartment buildings surrounding the arena. wouldn’t be doing it if we didn’t Manhattan. 3 INNOVATION HUB: Short on work during the recession, SHoP won a think we could build a better project That project led to a gig redoing competition for a technology campus in Botswana. for the neighborhood, and we the Pier 17 mall for General Growth 4 QUEENS TOWERS: Two apartment buildings for the Related Cos. are couldn’t do it without SHoP,” Mr. Properties, which led to an outlet the first residences rising on the waterfront in Hunter’s Point South. Walentas said. mall just across the harbor in St. 5 MALL ON THE PIER: The firm is transforming the mall at Pier 17 at the Mr. Walentas tapped SHoP not George, Staten Island, for develop- for General Growth Properties. only for its expertise in large-scale er Donald Capoccia. The nation’s 6 BUILDING BRIDGES: One of its first projects was a bridge over West projects but also for a youthful, co- tallest modular building, at 32 sto- Street built after 9/11 to re-connect pedestrians to Battery Park City. operative drive that many develop- ries, will soon rise at Atlantic Yards, 7 SWEET REDESIGN: SHoP is tackling the massive redevelopment of 7 ers have said they found inspiring. as well as conventional apartments Williamsburg’s Domino Sugar refinery for Two Trees Management. This comes from a strong focus the for the Related Cos. in Hunter’s partners place on teaching and re- Point South, Queens. In between is the other Columbia grads dropping work that real estate attorneys an eminent-domain fight and a pri- search, splitting their time between the massive redevelopment of the by were Mr. Pasquarelli and his fu- would have spent days doing, with or design by ,America’s the classroom, the office and fre- old Domino Sugar factory. ture wife, Kimberly Holden. expensive billings. most famous living architect. quent bar-stool bull sessions. Last And that’s just New York. There The name SHoP is a clever John Mallie, the head of SHoP “Seeing the Barclays Center, a month,SHoP signed a new lease for is a tech hub in Botswana,top-secret mash-up of the principals’ names Construction, is the firm’s sixth project that was so closely watched, offices on the entire 11th floor of the work in Tokyo and Tel Aviv, and— (Sharples Holden and Pasquarelli). partner.Mr.Chakrabarti,director of and to have the nerve to do it and de- Woolworth Building,with desks for building on their Barclays success — It is also a mission statement: The Columbia’s real estate program, be- sign the building they did, I had to 180 designers, twice as many as four a new football stadium in Atlanta. company is a design firm and a came No. 7 last year. meet them and see what it was all years ago. The space will also con- “I think with Barclays, they workshop, too. Two subsidiaries, “For us, knowing how buildings about,” said Michael Stern, princi- tain a lecture hall, gallery and bar. demonstrated an ability to tackle a get built and helping to shape them pal of JDS Development. The firm has gotten so success- project most people would have are very important,”Ms.Holden said. ful, it has begun to turn down proj- been afraid to take on,” said Vin ‘Most ... would Barclays signaled SHoP’s Beyond Barclays ects, even from longtime patrons. Cipolla, president of the Municipal prowess for taking on controversial After that meeting, Mr. Stern “I won’t say what it was, but they Art Society. “Not SHoP.They took have been projects. With bands of custom- hired SHoP to tackle a two-acre for- said no to something we’re working it on, made it their own, and made it weathered Cor-Ten steel, a massive mer Consolidated Edison site on on,”Forest City Ratner Chief Exec- a success.” afraid to take cantilevered canopy dancing with First Avenue and East 35th Street utive MaryAnne Gilmartin said. “I SHoP thrives on complex jobs Day-Glo ads, and a sunken court he recently purchased from Sheldon couldn’t believe it, but I totally re- thanks to its partners’ varied back- on’ Barclays visible from the outside, the arena Solow.The architects have devised a spect them for it.” grounds.The five founders graduat- both stands apart from and blends pair of apartment towers with 800 Mr. Pasquarelli said SHoP’s ed from Columbia’s architecture into the neighborhood like a pol- units, linked by a floating infinity biggest fear was becoming a corpo- school within a year of each other, ished Jekyll and gritty Hyde. pool hundreds of feet in the air. rate firm just churning out the same but two studied business as under- The building was also the prod- Mr. Stern’s project is being built projects. “The last thing we ever grads, another majored in history, SHoP Construction and Helioptix, uct of a decade-long fight that came within existing zoning codes—a want to do is build a bad building, and two got art degrees. push the boundaries of building,us- to represent the hornet’s nest of New rarity for SHoP. The firm excels because then we have to live with it Another strength is their person- ing modular construction tech- York development.After all,this was when breaking the rules rather than every day,” he said. “We’re New al ties. SHoP got its start in a loft on niques and unusual materials. The not only an urban arena on a difficult following them, a quality that has Yorkers, after all.” Ⅲ West 38th Street.That’s where Chris firm has also devised proprietary site for megabuilder Forest City won it commissions tackling con- Sharples lived with his twin brother, software to map out the zoning en- Ratner Cos., but also one freighted tentious public-private projects. LISTEN to a discussion at CrainsNewYork.com/podcasts Bill, and wife-to-be, Coren. Among velope for any building in the city— with a controversial past, including “There’s a much greater oppor-

June 3, 2013 | Crain’s New York Business | 23 sorbed its security operation of 20 or simatidis said he’s still not sure what matidis blinked. SemGroup man- The Cats conundrum 30 men, R.A. Security, leading to role he played. Mr. Squicciarini agement sued, claiming that his the eavesdropping episode that would not comment to Newsday 22 “public posturing” undermined the came back to bite Mr. Catsimatidis. years ago, and could not be reached. “orderly” bankruptcy-court process. Continued from Page 1 they could seek to use unflattering The security director, Thomas Regardless, Mr. Catsimatidis gave After months of legal squabbling, Catsimatidis—who admittedly anecdotes from his career to under- Holcomb,told Newsday in 1991 that the benefit of the doubt to his long- Mr. Catsimatidis settled by acquir- knew next to nothing about the re- mine his white-knight narrative. even before the takeover,he began to time aide, whose father, a butcher in ing a SemGroup asphalt marketing fining industry—had wanted to The son of a waiter, Mr. Catsi- suspect that United executives were Mr. Catsimatidis’ first store, had operation for $3.9 million. know every detail of his newly ac- matidis dropped out of New York making side deals with customers asked the boss to look after his son. “Some people here were upset quired company. University just short of getting an and oil suppliers to benefit them- Another aspect of the case calls to that Catsimatidis sold out by taking In his curious campaign for may- engineering degree, borrowed selves and their friends. Mr. Hol- mind the philanthropy that had such a small deal,” said John Tucker, or of New York City,the 64-year-old $10,000 from his father and bought comb relayed his concerns to Red helped protect Mr. Catsimatidis’ a Tulsa lawyer who represents one of Republican is pitching himself as a a piece of a Red Apple grocery on Apple’s vice president of security, grocery business.As the wiretapping SemGroup’s founders. job-creating savant. His big and of- West 87th Street. It was the first of Jack Squicciarini,who informed Mr. But in the end, SemGroup ten spontaneous ideas have included many savvy moves that he dismisses Catsimatidis. The boss told him to emerged from bankruptcy, and Mr. bringing a world’s fair back to New as simply good luck—a byproduct of come back with proof, but Mr. Cat- Tucker said its 700 employees owe a York in 2014,and building a stable at his inherent generosity and rooted simatidis said he was not told that debt of gratitude to Mr. Catsima- the Central Park Zoo for aging car- in his Greek immigrant origins. wiretapping would be used. tidis for showing there were alterna- riage horses. Yet it is hard to entirely In the 1970s and ’80s, many of In the Newsday article, Mr. Catsi- tives to liquidation. “He was a dismiss the notions of a man who his supermarkets were in high- matidis said Mr. Holcomb conceived whistle-blower,” Mr. Tucker said. amassed an estimated $3 billion for- crime, Mob-ridden neighborhoods of the wiretapping Mr. Catsimatidis said he was tune from nothing. in upper Manhattan. He carried a and began carry- forced to give up his quest for Sem- Though best known for his no- handgun for protection, but went a ing it out before Group because the battle extended frills Red Apple and pricier Gristedes step further, donating piles of mon- the takeover, and into late 2009, when the $450 mil- supermarkets, Mr. Catsimatidis ey to the Police Athletic League, that Mr. Squiccia- lion fund that he’d raised to reorgan- earned about half of his wealth in the chaired by then-Manhattan Dis- rini let it continue under ize the company expired. Amid the oil business. He likes to attribute his trict Attorney Robert Morgenthau. the mistaken impression economic turmoil of the era,he said, success to pure instinct, and fashions “The Mob always knew I was that it was legal—unin- banks and investors were unwilling himself as the antithesis to fellow bil- very close to law enforcement, and tentionally making the company to give him more time. lionaire Mayor Michael Bloomberg, they stayed away from me,” Mr. criminally liable. “I had obligations to get a deal an intellectual technocrat. Catsimatidis said. “It wasn’t the in- Mr. Holcomb offered a different done that was doable,” he said. “I’m the visionary,” he said. “I’m tent; it just happened that way.” account in the same article, saying Since then, Mr. Catsimatidis has not ashamed of that.” While friends describe him as that while he did relay suspicions buck ennis focused on building his core oil busi- But records and interviews indi- loyal to a fault,the onetime altar boy about company executives, Mr. ness. At a campaign event in March, cate that the engineering-school also has shown a vengeful streak. Squicciarini came up with the wire- he stood on the Manhattan end of the dropout employs bare-knuckle tac- When a Daily News reporter wrote tapping idea. Mr. Holcomb said he ‘I’m the Brooklyn Bridge and touted his pur- tics, street smarts and a calculating that one of his grocery stores was in- began taking regular trips on United visionary. I’m chase of city-based biodiesel compa- nature far more than he lets on. fested with rats, Mr. Catsimatidis, Refining’s corporate jet to Red Apple ny United Metro Energy Corp. for “I think he’s one of those people enraged by what he considered an headquarters in New York to drop off not ashamed what he said was less than $50 mil- who gets extremely into every detail,” inaccurate story, led an advertising recordings of interest.Mr.Squicciari- lion, preserving 130 union jobs. said Thomas Constance, an attorney boycott until the scribe was fired. ni would then take the tapes into Mr. of that’ “The proverbial Larry the Liq- who has worked for Mr.Catsimatidis “That reporter [screwed] me,” he Catsimatidis’ office, Mr. Holcomb uidator was trying to liquidate the on numerous business transactions. recalled with an expletive.“You know maintained, where on more than one company,” said Mr. Catsimatidis, “It’s not just that he’s visionary.It’s ex- what I did? I made sure that every su- occasion Mr. Holcomb heard a tape surrounded by grateful Teamsters. tremely well thought-out.” permarket chain pulled out of the playing and Mr. Catsimatidis and “We came around and we saved the Born in 1948 on the Greek island Daily News. It was $50,000 a week.” Mr. Squicciarini discussing it. company, and we saved hundreds of of Nisyros and raised in West In 1984, Mr. Catsimatidis, a cer- Newsday also reported that Unit- probe heated up, Mr. Catsimatidis jobs,” he continued, exaggerating Harlem, Mr. Catsimatidis casts him- tified jet pilot, ventured into avia- ed Refining’s former chief operating donated tens of thousands of dollars the number slightly. self as a munificent figure who rides tion, buying Capitol Airlines, in the officer told investigators that Mr. to government and private programs Yet for all his talk about saving to the rescue and saves jobs—by his process impressing his Capitol busi- Catsimatidis had asked him to listen in Warren. He had never been active jobs and sparing people from the count, more than 12,000. However, ness partner and gambling to a tape of another execu- in the town before. Just as with his wrath of profit-driven predators, the business world, and the oil indus- buddy, Farhad Azima. CATS’ tive’s phone conversation police donations in New York City, Mr. Catsimatidis can play rough. In try in particular, is often messy.Unit- “John has this sense where CASH to decipher its meaning. he told Newsday, the timing of the 2002, United Refining cut pension ed Refining specializes in turning he can detect b.s. from Mr. Holcomb con- donations was merely a coincidence. benefits to former employees who some of the crudest oil in the world— 1,000 miles away,”Mr.Az- ESTIMATED NET tended the Manhattan had been receiving them for years. the tarry stuff extracted from the ima said in an interview. WORTH: grocery magnate, dealing ‘I wanted to be a hero’ The pension commitment sands of northern Canada—into They ultimately de- $3 BILLION with a new company in a In 2008, Mr. Catsimatidis tried “showed up on our books as hun- gasoline. clared Capitol bankrupt 50% United different state, and in an to catch lightning in a bottle again. dreds of millions in liabilities, and and sold it, blaming prob- Refining Co. industry unfamiliar to An oil-pipeline operator called our accountants said, ‘You have to Massive oil spill lems caused by deregula- 35% real estate him, was eager to gauge SemGroup had collapsed after its fix it,’ ” Mr. Catsimatidis explained. Mr. Catsimatidis, who empha- tion of the industry. De- 4% Gristedes the loyalty of his workers. trading division made an ill-fated John Cottillion,who had worked sizes that his factory refines nothing pressed by the rare setback 1% aviation leasing “He wanted to be bet on the direction of oil prices,and in United Refining’s accounting and but 100% North American oil, said creditors were looking to liquidate and by no longer being able 10% other (stocks, aware of everything that data-processing departments for he isn’t sure how much of his oil to jet around the world, bonds, investment was going on,” Mr. Hol- the Tulsa, Okla.-based company nearly 30 years, saw his monthly comes from the controversial tar Mr. Catsimatidis, spend- partnerships) comb told Newsday. and eliminate its nearly 1,700 jobs. pension benefit more than halved, sands. But its environmental haz- ing time in bankruptcy Sources: Forbes, John Mr. Catsimatidis, Out of the blue came Mr. Catsi- to $267.12, and was told to return ards came into view three years ago court dealing with the de- Catsimatidis’ campaign however, told Crain’s that matidis with a bid for the bankrupt more than $14,000 of what he had when a pipeline ruptured in Michi- mise of his airline, happened across Mr. Holcomb simply had an ax to firm. “I wanted to be a hero again begun receiving in 1995. At 71, he gan, resulting in the costliest on- the chance to buy United Refining. grind after getting fired over a sepa- and save the company just like I began driving a school bus to make land oil spill ever. Mr. Catsimatidis With a supply glut depressing oil rate incident. Mr. Holcomb re- saved United Refining,” he said. ends meet and sued the company, said the accident cost his refinery prices, the mid-’80s was an odd time ceived immunity in exchange for the But his rescue plans didn’t impress arguing that it couldn’t cut benefits $60 million. He has sued his insur- to get into the business. Yet he saw tapes, and the company pleaded no the lenders and investors who con- that he and other retirees had al- ers for refusing to pay a business-in- potential, notably in the refining contest to possessing eavesdropping trolled SemGroup,including Bank of ready accrued. In April, a federal terruption claim. company’s approximately 300 Kwik devices. Mr. Catsimatidis told America, private-equity giant Car- judge agreed. In April, in another setback that Fill stations across New York, Penn- Crain’s that he paid the $1 million lyle Group and Riverstone Group,an Mr. Cottillion, now 78, hopes contrasts with his campaign image of sylvania and Ohio.There,Mr.Catsi- fine to be rid of the matter during a investment firm run by two former he’ll be able to retire at last when his benevolent businessman, a federal matidis could sell not only his own sensitive company refinancing. Goldman Sachs executives. Unde- pension is restored. “I think 78 is judge in Pennsylvania ruled that gas, but also groceries. He said it makes no sense that he terred, he took his case directly to long enough,” he said. United Refining had illegally cut He bought the company for $7.5 would have wanted to be so involved SemGroup,flying to its headquarters Though Mr. Catsimatidis said pension benefits to retirees. million. Last year, it generated about in the intricacies of his Red Apple in late 2008 and holding a meeting he was unaware of the cut in bene- Mr.Catsimatidis,who is running $200 million in profit on $3.7 billion Group, which then had 10,000 em- with employees in which he again fits, as the company’s chairman his behind Joseph Lhota among Repub- in revenue, according to regulatory ployees.He added that Mr.Holcomb promised to protect them from “Lar- consent would have been required to licans in public polls, is considered a filings. Citigroup and Credit Suisse had not been interested in what was ry the Liquidator”if he were awarded change the pension plan. In any long shot for the mayoralty. But last last year valued United Refining at going on in the oil business,but rather control, according to federal case, he said, the courts will ulti- week, the self-funded candidate between $2.2 billion and $2.7 billion. in salacious small-town gossip. bankruptcy-court documents. mately determine the outcome. aired the first of what promises to be “It’s me,” Mr. Catsimatidis said. “He was checking out some of “The only people that should “If we did something wrong,” he many television advertisements, a “Any Harvard business guy would the more personal aspects of the fear me are those who are there to said, “we’re going to pay.” Ⅲ tactic that helped Mr. Bloomberg have never done the deal. I did.” lives of company employees,” said rape and plunder the company,” he win in 2001. If rivals come to per- emailed a colleague at the time. LISTEN to a discussion at When Mr. Catsimatidis took Mr. Catsimatidis in an interview. CrainsNewYork.com/podcasts ceive Mr. Catsimatidis as a threat, over the refinery, Red Apple ab- As for Mr. Squicciarini, Mr. Cat- Ultimately, though, Mr. Catsi-

24 | Crain’s New York Business | June 3, 2013 HELLUVA TOWN INSIDE Source Coffee Vote for the tote Citigroup is seeing

A new e-commerce site is giving an up cycle PAGE 26 the garment center a boost. Stitch Collective allows shoppers to vote Out and About on sketches of accessories submitted by budding designers, BBQ Block Party: ’Til we with the winner getting produced meat again PAGE 27 and put up for sale. Stitch creates 100% of its products at a factory on West 38th Street and Eighth Avenue, according to founder and sole proprietor Loni Edwards,a lawyer turned entrepreneur. Ms. Edwards launched her business nine months ago as a Project Runway for the Web and to give shoppers a say in what they Taking it personally purchase. A one-woman show, she produces locally to cut down on shipping Assistants aren’t just for the rich anymore. With workloads costs and have more control over manufacturing increasing, everybody can use a little help issues. “We’re opening everything up, from choosing what gets made to seeing the process,” she said, noting that she often features behind-the-scenes video of production. Last month, Stitch launched its fourth challenge, which concludes Tuesday. Editors from NYMag.com’s The Cut tasked emerging designers with creating the perfect summer tote—ideal for both work and IT’S IN THE BAG: movies at Bryant Park. Even so, Brooke Stone’s firm the operation is tiny—previous serves mostly challenges have sold only dozens women with careers of pieces, though hundreds of and children. designers submitted their looks. Prices range from $74 to $465. Now Ms. Edwards is shopping for venture-capital funding. —adrianne pasquarelli Fraternal foodies

Sibling rivalry is overrated—at least in the McDonnell family, which boasts nine siblings, two of whom are working together in the food business. When Andrew, the youngest, launched Good to Go, he sought some help from big brother Stephen—No. 4 and founder of $200 million Applegate Farms. Andrew’s food-cart venture turned restaurant business exclusively features Applegate’s organic and natural cold cuts, cheeses and sausages, while Applegate provides packaging with its logo, in what he describes as a sponsorship deal. “Applegate is getting branding placement in our restaurants,” said Andrew, “and we are offering a healthier alternative in a quick- buck ennis service setting.” Good to Go scrapped its BY MIRIAM KREININ SOUCCAR Central Park food carts last December—though it operates one at MetLife Stadium during t was about two years ago that Jeannie Blaustein realized she needed help. With her TO THE RESCUE football season—in favor of a 425- day job as a clinical psychologist, her volunteer post as president of a large square-foot fast-food eatery on Manhattan synagogue and her busy home life raising two teens, tasks like East 45th Street that opened in February. It also operates a rest- organizing closets and filling out insurance forms were starting to fall through the stop location in Milford, Conn., cracks. ¶ So Ms. Blaustein called Brooke Stone Lifestyle Management and hired a with another one opening soon in personal assistant to help her for roughly four hours each week. ¶ “I’m a do-it-myself 75 Darien, Conn. Andrew said he PERSONAL ASSISTANTS continues to look for opportunities kind of person, so it felt weird to ask for help,” Ms. Blaustein said. “But I have a really employed by PA for a Day to expand. —lisa fickenscher busy life now, and it’s been an incredible gift.” ¶ Having a personal assistant used to be in New York a perk for the incredibly wealthy or celebrities—stars like Naomi Campbell are legendary for making life miserable for their help. ¶ Not anymore. With workloads increasing for “regular” Ipeople at home and in the office, especially in large, fast-paced cities like New York, a growing number are hiring a helping hand. ¶ The new personal assistant isn’t booking jets to Vail or getting a yacht ready in the south of France. More likely, he or she is picking up groceries and $20 buck ennis waiting for the Time Warner repairman. An influx of new companies like See ASSISTANTS on Page 26 THEIR hourly rate

June 3, 2013 | Crain’s New York Business | 25 SOURCE COFFEE: Assistants take it personally ED SKYLER by Annie Karni Continued from Page 25 seven employees and 65 clients. Brooke Stone, TaskRabbit and PA Rates start at $45 an hour for basic for a Day, to name a few, are com- errands and go up to $85 an hour NEED A HAND? ing to market to meet the demand. for more sophisticated jobs like BROOKE STONE LIFESTYLE “People are working 12 to 18 property management and large- City Hall vet brings hours in their office, getting home scale event planning. MANAGEMENT late, and don’t have time to get gro- The majority of new clients are (917) 912-9206 ceries or buy gifts,” said Charell women with careers, many of www.brookestonelifestyle Star, who founded Manhattan- whom have children, Ms. Stone management.com Citi out of its shell based PA for a Day in January said. 2012. “We work with people who are THE CALENDAR GROUP Ms. Star got the idea for her not in the high-net-worth catego- (212) 744-2100 d Skyler, a longtime other things, we looked at the expe- company when she realized she was ry,” Ms. Stone said. “The majority www.thecalendargroup.com Bloomberg loyalist, rience Barclays had in London the perfect candidate. When she of them are juggling the aspects of joined Citigroup in 2010 [sponsoring a bike share],where they was an event planner,she spent 150 being a working mom.” PA FOR A DAY as executive vice presi- are known as “Barclays bikes.” days a year on the road, only to Pam Allyn, president of non- (212) 392-4948 dent for global public af- come home to an empty fridge and profit organization LitWorld, first www.paforaday.com Efairs. The communications position Do you worry that some of the negative a stack of unpaid bills. When she hired Brooke Stone Lifestyle Man- that includes government affairs was press about the bikes will have a looked for someone to help, all she agement to help plan a work gala created for him based on his experi- negative impact on Citigroup? found were concierge services that but soon started using the agency ing curtains. She also used Ms. ence at City Hall,where he rose from A little bit of controversy isn’t a bad charged $1,000 a month. for her personal life as well. A year Stone’s company to plan her 50th- press secretary to deputy mayor for thing. It means people are talking birthday party. operations, overseeing the police, about it. Time will show it’s a suc- For working moms “At first I felt almost embar- sanitation and fire departments. His cessful program. Ms. Star now has 75 personal ‘We get calls rassed to have help,” Ms. Allyn ad- role at the bank has grown over the assistants working for her in New mitted. “But now I feel liberated.” past three years to encompass brand- Is Citi getting involved in the mayor’s York and 15 in New Jersey, and she from wives ing, philanthropy and sponsorships. race? just launched in Washington,D.C. New lines of business Mr. Skyler sat down with Crain’s We are very engaged with govern- Her company, which charges $20 saying, “I need The demand for inexpensive last week as the bank’s latest public ment and regularly host different an hour with a two-hour mini- temporary help is even forcing program—the now-ubiquitous blue elected officials for roundtable dis- mum, has more than 100 bookings a wife” ’ more traditional staffing agencies Citi Bikes—hit the streets.The bikes cussions on issues, aside from a week and is growing steadily. to open new lines of business. The are a prime example, he said, of how fundraisers. We have had Dean Ske- Brooke Stone started her busi- Calendar Group, a 10-year-old Citi has worked to change the per- los, Christine Quinn and Bill de Bla- ness in late 2010 after working as a staffing firm with offices in New ception of the bank since federal sio come in recently. It is a crowded part-time personal assistant while York City and Westport, Conn., bailouts saved it from a Lehman field, and people really want to meet pursuing a theater career. After built its business finding full-time Brothers-like demise. the candidates so they can form their performing in a number of grueling ago, Ms. Allyn and her husband help for wealthy clients. But in the own opinions. national Broadway tours, she de- moved to Manhattan from past 18 months, it has been getting Why was your role created? WHERE cided to give up theater and focus Westchester and hired the compa- more and more calls looking for During the [financial] cri- Would you ever consider full-time on personal assistance. ny to handle the entire move, from part-time help. sis,some doubted whether THEY running for office yourself? Her Queens-based firm now has setting up a new kitchen to select- Though it isn’t going the route the company would make MET I found government in- of the hourly firms, the Calendar it. It rightly turned inward CITIGROUP credibly rewarding, but Group has started finding person- while it restructured and HEADQUARTERS running for office is anoth- MAKING A CAREER OF IT al assistants for 20-hour-a-week returned to health. But I 399 Park Ave. er thing altogether, and I positions. It is also considering was hired because it was AMBIENCE: don’t see that in my future. YOU WOULD THINK running other people’s errands would get tiring, but many starting a temp division to place time to for the company to Hardwood floors people working as personal employees on a project basis. come out of its shell. and art exhibits in The growth industry we hear “People need help creating pho- There’s a time and way to the hallways lend about in the city right now is assistants really like the job. Citi the gravitas of Jay Sauls (right), 30, to albums, learning how to use engage with our different tech. Do you see finance as one of New York competing with tech here? started working for Brooke apps, researching children’s camps stakeholders, and we City’s oldest Stone Lifestyle Management and handling financial-aid forms,” found the right balance. financial We’re not looking to com- a year ago and now has four said Steven Laitmon, founder of institutions. Mr. pete with the tech sector. And what are you trying to Skyler’s office has regular clients. Though he’s the Calendar Group. “Frequently They are clients, and we’re we get calls from wives saying, ‘I accomplish? a glass wall that looking to support their trying to launch a singing makes it bright. need a wife.’ ” One of the mandates has growth. We can help take career, he works as an been to increase our visi- WHAT THEY them public and provide assistant full-time and has no TaskRabbit hops forward bility in New York,the en- DRANK: strategic advice and bank- Ⅲ plans to stop. He has lost TaskRabbit launched in Boston tire U.S. and globally— Coffee from a ing services, whether it’s count of the number of nearby deli in 2008 and in New York in August and to do it creatively. We Ⅲ Mr. Skyler had Facebook, WebMD, closets he has organized— 2011. The website and mobile app have about 20,000 people nothing to drink Seamless and the ones we and he once helped a client connect people in the same neigh- in New York City, which haven’t heard of yet but will clean out her garage—but Mr. borhood who can pitch in and help makes us the second- TOTAL: $2 be talking about soon. Sauls enjoys knowing that each other. largest private employer he is helping people. Now in nine cities, TaskRabbit [after JPMorgan Chase]. We’re the What else is Citi doing, in terms of He has also gotten to do has more than 11,000 members largest employer in Queens. If you changing the perception that banks only some unique jobs, such as who have been vetted to work as thought about Citigroup a few years care about themselves? organizing a black-tie gala at personal assistants. People post a ago, you might not have experienced We have developed deeper relation- a castle on the Hudson River, where he met the elite of Manhattan. job they need done, and a Task- our presence the way we thought you ships with the nonprofit community “Our clients aren’t looking for someone to fetch them coffee,” he said. Rabbit member can bid on it. should for a company as big as we are so we aren’t just writing checks. We “They are looking for someone to bring support and ideas to their life.” Executives at the company, here. We have done a lot to fix that partnered with the Department of Another personal assistant, Angela DeFillipps, says she is gaining which has 65 employees and has since the crisis. Education and the Public Library to meaningful career experience with the jobs she takes on. A former general raised $38 million in venture fund- launch the MyLibraryNYC initia- manager at a Searle clothing store in Manhattan, Ms. DeFillipps, 34, ing,declined to give numbers on its How did Citi get involved with bike share? tive [which allows public-school stu- started working as a personal assistant a year ago after returning from a New York operation, only to say it The Department of Transportation dents to order books online and have stint living in London. is its fastest-growing city in terms commissioner [ Janette Sadik- them delivered]. We sponsored the One of Ms. DeFillipps’ clients has been building a home in Pennsylvania, of revenue and task count. A cou- Khan] initially reached out to me. I U.S. Olympic team for the first time a project Ms. DeFillipps has basically managed from start to finish. She also ple of weeks ago, the company recommended the program to our last year and decided to continue our launched TaskRabbit for Business, consumer-marketing team, and they partnership through the 2016 takes care of people’s second homes or runs their primary residences while Ⅲ they are living abroad. a special site targeted to small and ultimately decided to do it. Among Games in Brazil. “With the houses and the property management, I am learning a lot,” midsize firms in need of temporary help. she said. “I don’t say I am a personal assistant. I say I’m in lifestyle “Small businesses are our management.” INSIDE TIP: Most Citigroup employees will fastest-growing customer seg- —MIRIAM KREININ SOUCCAR ment,” said Jamie Viggiano, head not get a free Citi Bike membership. of marketing for TaskRabbit. Ⅲ

26 | Crain’s New York Business | June 3, 2013 OUT AND SNAPS Donors dig deep for children and education ABOUT by Ali Elkin and Theresa Agovino

CULTURE FIX CAREER BUILDER THURSDAY, JUNE 6 TUESDAY, JUNE 4 See how the The Better Business Bureau’s BBB multiethnic cuisine FORUM VI: CORPORATE RESPONSIBILITY of New York City AT THE CROSSROADS will focus on has influenced some how companies can improve by of the world’s most heeding the public’s expectations for notable restaurants better practices. Speakers include at ADVENTURES IN THE GLOBAL KITCHEN at the leaders from TD Bank, Verizon and American Museum of Natural History.The the McGraw-Hill Cos.The event is after-hours event will feature Eleven Madison at the Time-Life Building, 1271 Park chef Daniel Humm and General Sixth Ave. Registration is $165 and Manager Will Guidara, as well as Mitchell can be done at www.nycharities.org. eduardo patino eduardo Davis, executive vice president of the James Contact Heather Layland at cutty mcgill Beard Foundation. Guests will sample [email protected] or (212) PETER HAUSPURG and DAUN PARIS at last DAVID YARNOLD, ALLISON ROCKEFELLER, LYNDA JOHNSON ROBB and MARIAN HEISKELL smoked sturgeon and upscale black-and- 358-2829 for more information. month’s gala for the Jewish Child Care attend the Audubon Society’s 10th Anniversary Women in Conservation Lunch. The event on white cookies, among other treats. The feast is Association, which raised $1 million. May 29 raised more than $340,000. at 6:30 p.m. at the museum’s Linder Theater THURSDAY, JUNE 6, on West 77th Street. Tickets are $30. Call the AND FRIDAY, JUNE 7 museum at (212) 769-5100 for more Learn how to build and sustain a information or visit www.amnh.org. consulting practice from the Association of Nonprofit Specialists WEDNESDAY, JUNE 5, AND THURSDAY, JUNE 6 at the NONPROFIT CONSULTANTS See a Broadway legend’s tribute to a pop icon INSTITUTE.The two-day course will at LOVE HANGOVER: LACHANZE SINGS DIANA teach guidelines for communicating ROSS. The Tony winner appeared in The Color with clients, solving problems and Purple and as Timoune in Once on This Island. adhering to ethical standards. It will She will perform at 9:30 p.m. on both nights be held at the Houston Street at 54 Below, 254 W. 54th St. Tickets are $40 Settlement, 273 Bowery. Registration for the main dining room and $30 for the bar. costs $395 and is available at There is a $25 food-and-drink minimum. For npspecialists.org. For information, more information, call contact Frank Abdale at info@ (646) 476-3551 or visit www.54below.com. npspecialists.org or (917) 903-6276. charles manley LOUISE and VINCE CAMUTO at the benefit for Ronald McDonald House New York in late May. DON’T MISS BARBECUE BLOCK PARTY photography ben asen The gala raised more than $6 million, a record DAVE BARGER, CHRISTOPHER HAYWARD and HOWARD CHATZINOFF at last month’s gala for the organization, which provides SATURDAY, JUNE 8, AND SUNDAY, JUNE 9 for PENCIL, which raised more than $1.6 million for the organization, which partners business accommodations for families with children Elevate your barbecue standards by sampling leaders with school administrators to help improve education. stricken by cancer. some of the best in the country at THE BIG APPLE BARBECUE BLOCK PARTY. Taste the work of pit masters from meat meccas like Memphis See more of this week’s Snaps online at CrainsNewYork.com/galleries. and Dallas, as well as local vendors including Blue Smoke, which organizes the event. There will be cooking seminars on topics like grilling and mixology for those looking to step up their game this summer. The event is at Madison Square Park. Admission is free, and barbecue is $9 a plate. Expect long lines, Turn Sunday into Executive MBA Day at unless you can snag a Fastpass for $125. Visit www.bigapplebbq.org for more information. Yeshiva University’s Sy Syms School of Business brian killin

OPENING FUNDRAISERS FRIDAY, JUNE 7 THURSDAY, JUNE 6 The New-York Historical Society The Wildlife Conservation Society is hosting looks back on the frightening and GALA 2013: CELEBRATING THE WONDERS OF tragic early days of the AIDS SOUTHEAST ASIA at 6:30 p.m. at the Central Apply Now crisis with AIDS IN NEW YORK: THE Park Zoo on Fifth Avenue at 64th Street. The to our Sunday-only FIRST FIVE YEARS. The exhibition evening will include an up-close look at the features poignant images from the animals and will highlight the organization’s first memorial services and work in Thailand, Laos, Myanmar and Executive MBA protests of the early ’80s. The Cambodia. Tickets start at $1,000, and tables program exhibition at $10,000. For more information, visit will run www.wcs.org or contact Mary Dixon at through Sept. [email protected] or (347) 840-1242. 15. The museum, at MONDAY, JUNE 10 170 Central The Public Theater will hold its ANNUAL Park West GALA at the Delacorte Theater in Central and West Park. The event will include a performance 77th Street, is of The Pirates of Penzance, starring Kevin open Tuesday Kline and Glenn Close. It will also honor through the late Nora Ephron, who was a Public Sunday. Theater trustee. Tickets start at $650, and Admission is $15 for adults. For tables at $15,000. They are available at Sy Syms School of Business more information, visit www.eventbrite.com/event/6108868791/es2 www.nyhistory.org or call or by calling (212) 539-8634 or emailing We’ve designed our general management Sunday-only Executive MBA to fi t perfectly into your fast- (212) 873-3400. [email protected]. tracked life. Attend Yeshiva University’s Sy Syms School of Business Executive MBA program at our Midtown Manhattan location and benefi t from a unique emphasis on entrepreneurship and global market MARK YOUR CALENDAR… leadership, built on a foundation of ethics. Our students enjoy small personalized classes, outstanding SATURDAY, JUNE 22 faculty and an extensive alumni network. Apply now and start your remarkable journey today. WHAT BETTER WAY TO celebrate New York’s post-Sandy beach revival than with partial nudity? The CONEY ISLAND MERMAID PARADE will take place at 1 p.m., For more information or to download an application visit starting at West 21st Street and Surf Avenue and www.yu.edu/syms/emba or contact Margie Martin at proceeding to the boardwalk at West 15th Street. Expect elaborate floats and lots of body paint at the event that routinely draws hundreds of thousands of spectators. For 917.326.4839 | [email protected] more information, visit www.coneyisland.com.

June 3, 2013 | Crain’s New York Business | 27 Protecting people’s savings is Alice’s business. We’re proud she’s made it our business, too.

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