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TOP STORIES Econ As Topps takeover 101 looms, question is: Greg David on how Can anyone save journalists the American icon? botched PAGE 2 ® hotel story Page 13 Warnaco CEO hears complaints, successfully turns VOL. XXIII, NO. 25 WWW.NEWYORKBUSINESS.COM JUNE 18-24, 2007 PRICE: $3.00 firm inside out PAGE 3 SINKING FEELING A $7 MILLION JOB: Of the concrete and Canadians Combined state and city allocations to Hudson River Park Trust. In millions. steel piles that hold NBC’s iVillage Live up Pier 40, 34% must be replaced to get new host, immediately. go on NY executive producer $422004 $202005 $302006 $332007 $102008 NEW YORK, NEW YORK, P.6 For fiscal years ending March 31. Source: Hudson River Park Trust spending City transportation chief orders agency spree to switch gears THE INSIDER, PAGE 14 Favorable exchange NYC finds a cause rate brings tourists, in global health; business travelers; largest benefits major acquisitions consulting firms HEALTH CARE, PAGE 19 BY SAMANTHA MARSHALL

forget the euro. A currency BUSINESS LIVES closer to home is making waves in WHEELER-DEALERS buck ennis New York’s economy: the Canadi- an dollar. More New Known as the “loonie” for the Yorkers waterfowl embossed on its coin, hopping on the Canadian dollar has taken the bike-to- Cash crunch threatens flight over the past two years, clos- work trend. ing Friday at 94 cents to a U.S.dol- PAGE 31 lar, up 16% in the past two years and just off a 30-year high. With Hudson River Park project parity expected by the end of the year—for the first time in Street to West 59th Street, with cash, the trust lacks the financing decades—Canadian companies Development winding car-free paths where New to complete construction of the are going on a spending spree,buy- of Pier 40 in limbo; Yorkers can run, bike or TriBeCa segment of the park. In ing billions of dollars worth of Rollerblade and public piers or addition, one of its most critical businesses and property here. AT DEADLINE no one at helm lush lawns where they can enjoy projects, the creation of an in- Canadian banks, insurers and sunsets over the water. come-producing development at lawyers are also growing their THE ROUNDABOUT THEATRE But nine years after its incep- Pier 40, is in limbo. presence, while a steady flow of COMPANY will open a 65-seat BY JULIE SATOW tion, the trust is facing a crisis.The These problems come as the business travelers and tourists theater in October to present city and state, which finance the trust drifts leaderless.Its chairman, are boosting New York’s local experimental work.The the hudson river park trust is trust and jointly appoint its board Charles “Trip” Dorkey, is a lame- economy. theater, to be located in responsible for creating a unique of directors, have awarded it just duck George Pataki appointee “I’d expect a boon for retail,” Roundabout’s Harold and waterfront esplanade that will $10 million this year—the smallest with little power.Gov.Eliot Spitzer says Tom Benfer, vice president of Miriam Steinberg Center for stretch five miles from Chambers amount in its history. Short on See HUDSON PARK on Page 8 See CANADIANS on Page 8 Theatre on West 46th Street, will be the company’s fourth performing area.The space will be used to stage productions stemming from Roundabout Underground, a Publisher’s hot revenue story new initiative headed up by producer Robyn Goodman aiming to serve as a breeding Simon & Schuster grows by double digits ground for talent. First up will be Speech & Debate, a play by in flat market, gets respect from owner CBS Stephen Karam, about three teenage misfits in Oregon. On an earnings conference call BY MATTHEW FLAMM with analysts last month, the pub- THE NEW YORK SOCIETY OF lisher’s latest guardian, CBS Corp. SECURITY ANALYSTS will hold a after a decade as the unwanted Chief Executive Leslie Moonves, networking event on June 25 child of its corporate parent, Si- singled it out with words of ap- See AT DEADLINE on Page 2 mon & Schuster is finally getting proval every division longs to hear: some love. “Simon & Schuster had an incred- ible quarter.” In fact,it is having an incredible 25

5 year. At a time of low growth in the book industry, its revenue rose 27% in the first quarter, to $229 JACK ROMANOS, million. With the help of best sell- SImon & Schuster’s ELECTRONIC EDITION ers like Walter Isaacson’s Einstein CEO, says CBS and Rhonda Byrne’s self-help “gets us.” NEWSPAPER

See PUBLISHER’S on Page 8 buck ennis 71486 01068 0 CNYB 06-18-07 A 2 6/15/2007 6:33 PM Page 1

AT DEADLINE TOP OF THE ORDER Continued from Page 1 developer Andrew Farkas for a Baseball cards date back to the 19th Topps this: century, when a New York store distributed to help research analysts and similar concept and is waiting to cards with images of players on one side traders at the Prudential Equity sign a memorandum of and product ads on the other. Group find new jobs. Pru’s understanding with the city. decision to shut its equity unit at 1 SONS OF month’s end will cost about 400 NEW YORKERS ARE LAGGARDS AMERICAN LEAF people their jobs.The move WHEN IT COMES TO buying wine the battle 9 TOBACCO FOUNDER represents the biggest retreat directly from producers.Two 3 Morris Shorin start from Wall Street by a major years after the Supreme Court Topps Chewing Gum firm since Drexel Burnham paved the way for direct ship- 8 Co. of New York. Lambert filed for bankruptcy in ment of wine across state lines, 1990, recruiters say. New Yorkers account for only for an icon TO BOOST gum 4.6% of the direct sales market, sales, Topps issues A JOINT VENTURE BETWEEN ranking fifth behind Florida, 1 first baseball COLLIERS ABR INVESTORS 2 firms vie for big-name company; and Texas, Illinois and California. 9 card set, a AEW Capital Management has The state is the third-largest can either save sinking business? 407-piece shed three of its properties. It consumer and second-largest 5 package that sold the 328,000-square-foot producer, according to MKF 2 includes office tower at 119 W. 40th St. Research and New Vine BY AARON ELSTEIN Mickey Man- and a 15,000-square-foot Logistics, which helps wineries tle’s rookie card. building at 120 W. 41st St. A with direct shipment. growing up, Ben Henry spent whatever money he had on firm called LH Charney 40th Street acquired both buildings, NEW YORK COMEDIAN AND RADIO baseball cards, accumulating 160,000 of them until he 1 TOPPS ACQUIRES which are between Broadway PERSONALITY Steve Harvey will stopped collecting in 1995. One of his favorites is the 1985 9 Bowman Gum Co., and Sixth Avenue, for $182 be the spokesman in American card of Eddie Murray, because he thinks the Hall of Famer’s the only other national maker of million.The joint venture also Airlines’ new campaign Afro, sideburns and moustache resemble a “never-ending 5 sold the 156,000-square-foot targeting African-American 6 baseball cards. building at 229 W. 28th St., travelers.The carrier is pushing Saturn ring of hair.” between Seventh and Eighth to become the dominant carrier “It was a lot of fun to pay a quarter, tear open a new pack 1 UPPER DECK avenues, to Joss Realty Partners in New York, where it trails of cards and see what you’d get,” recalls Mr. Henry, a 28- CO. founded for $48 million. discount rival JetBlue Airways. year-old resident of Forest Hills, Queens, who writes The 9 by Richard McWilliam. THE WITKOFF GROUP, WHICH WAS IT CONSULTING FIRM NET@WORK Baseball Card Blog. 8 AWARDED the right to develop EXPECTS to announce another The days of 25-cent packs are long gone and so, for the 8 Pier 57 at West 17th Street in acquisition next month—the most part, is the baseball card business itself. Sales have Manhattan, may have found Manhattan firm’s fifth in less THE TOPPS CO. two new partners. It had than a year. Last week, it fallen about 80% in the past 15 years, crushing the fortunes 2 reports operating planned to construct a $300 acquired Werkflow, a network of Manhattan-based Topps Co., the industry’s most famous 0 loss of $2.3 million. million Italian-themed complex support service provider, for an name. Indeed, as two firms compete for control of Topps in Dissatisfied share- at the pier with restaurateur undisclosed sum. Net@Work, an increasingly heated takeover fight, the question is 0 holders launch Giuseppe Cipriani, but Mr. which caters to small-to-midsize whether either can revive the storied brand. 6 proxy fight against Cipriani dropped out. Now the businesses, expects to reach $15 management. developer is in discussions with million in revenues this year, up “The business of baseball cards has really shrunk,” says The Related Companies and 20% over 2006. I Scott Kelnhofer, editor of industry publication Card Trade. 2 UPPER DECK and “There are fewer collectors, fewer trade shows. It’s like all private equity group CORRECTIONS 0 the growth the industry saw two decades ago never led by Michael Eis- Some 33,000 individual New Yorkers volunteered last year under the auspices of New York 0 ner battle for control Cares. A June 11 “New York, New York” item misstated the number. happened.” of Topps. Upper The Dashing Diva nail salon on the Upper West Side will gross more than $500,000 this year. Topps has struggled for years as nightly televised baseball, 7 Deck files suit. In addition, the chain’s corporate-owned location is on East Eighth Street. These facts were misstated in the June 4 retail report. video games and online sources of player statistics conspired Sources: About.com, ESPN, The Topps Co. to clobber its card franchise. Last year, it earned $11 million

See BATTLE on Page 10 istockphoto THIS WEEK IN CRAIN’S

33 GREG DAVID ------13 THE INSIDER------14 Casual video gaming is now

WEEK IN REVIEW ------16 console,”says Eric Zimmerman,co- Gamelab, the most established REPORT: HEALTH CARE------19 Pioneering firms founder of Gamelab, which created of the New York firms, launched in LARGEST BENEFITS steel for giants’ Diner Dash in 2004. “We make in- 2000 and projects sales of $4 million novative, small-scale games.” in 2007. The 32-person shop re- CONSULTANTS ------23 market entry; local The company is one of several lo- cently moved from its digs in REAL ESTATE DEALS------25 cal firms that have ridden the casu- TriBeCa to a 5,000-square-foot talent flow a plus al game wave; they have even creat- office in Chelsea, near the head- CLASSIFIEDS ------26 quarters of rival developer Large BY AMANDA FUNG Animal Games. THE WEEKS AHEAD ------29 ‘We target a about 2 million people have Competitive edge NEIGHBORHOOD helped transform a virtual greasy large audience: large animal, which was founded JOURNAL------30 spoon into a four-star restaurant by in 2001, has doubled its staff in the becoming Flo—a character in a players without past year, to 17, and expects to ex- BUSINESS LIVES------31 video game who diligently seats cus- game consoles’ pand to 35 by 2009. The company CORPORATE LADDER------33 tomers and takes orders. has produced more than 50 games, The ponytailed waitress is the which are distributed by major Web EXECUTIVE MOVES------35 34 central figure in Diner Dash—one portals and online game sites, in- BOB LAPE ------35 of the best-selling casual video cluding RealArcade.com and games. These online amusements iWin.com. vol. xxiii, no. 25, june 18, 2007—Crain’s New York Business (issn 8756-789x) is published weekly by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals are usually filled with cute cartoon ed a gaming district of sorts in The New York firms say they postage paid at New York, N.Y. and additional mailing offices. Postmaster: Send address images and can be played on a vari- Manhattan. So far, they have had have a competitive edge because of changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call (888) 909-9111. Fax (313) 446-6777.$3.00 a ety of devices, from personal com- the field to themselves.But some gi- their development experience and copy, $59.79 one year, $109.79 two years. (GST No. 13676-0444-RT) ©Entire contents puters to cell phones. ants have taken note of the games’ the flow of creative talent from such copyright 2007 by Crain Communications Inc. All rights reserved. “We target a large audience: popularity and are expected to step local schools as Parsons, The New gamers who don’t own a video game into the market soon. School for Design and New York

2 | Crain’s New York Business | June 18, 2007 CNYB 06-18-07 A 3 6/15/2007 6:34 PM Page 1 Warnaco rallies Sale of billion this year, up Nymex Overseas growth sharply from profit of and axing of units $1.40 a share on rev- enue of $1.8 billion in help bolster stock; 2006. likely “Barington forced new undies on tap our hand to do some things sooner,” a War- BY ELISABETH BUTLER naco spokeswoman NYSE, seeking says. “It accelerated profitable trades, last summer, just three years after our need to take action Warnaco Group Inc.emerged from on our underperform- eyes futures market bankruptcy, it looked like the ap- ing businesses.” parel maker’s recovery had run out The cuts are only STEPPING UP: CEO of gas. Earnings were tanking, part of the story. Even Joe Gromek took BY AARON ELSTEIN quick action to the stock was sputtering, and the as Mr. Gromek was improve value when Securities and Exchange Commis- culling the disap- shareholders two years ago, former New York sion was conducting a probe of the pointing ventures, a grumbled. Mercantile Exchange Chairman

company. number of his earlier lindström bekka Michel Marks launched a campaign In August,when Warnaco’s out- moves were beginning to shake up management. He ar- look seemed bleakest, dissident in- to bear fruit. He took the most no- Heusen Corp.—have established co has pushed Speedo as more than gued that the futures exchange vestor Barington Capital Group table step in January 2006, three solid niches as good quality at a rea- a swim-team brand but has made needed better leadership—someone snapped up a larger stake on the years after joining Warnaco, paying sonable price. Both weathered re- little progress. like New York Stock Exchange cheap and told Chief Executive Joe $290 million for the Calvin Klein cent retail consolidation that pum- Mr. Gromek has been helped in Chief Executive John Thain. Gromek to either fix the company jeans business in Europe and Asia. meled rivals like Liz Claiborne. his turnaround effort by a team that His effort failed at the time, but or sell it. That gave Warnaco a major pres- Intimate apparel, the second- includes two group presidents—in- now Mr. Marks may get his wish. Mr. Gromek picked up his ax. ence in the fast-growing overseas largest division, is also growing. dustry veterans whom he recruited Nymex,the world’s largest ener- He moved aggressively to lop off market for denim. Warnaco, which began as a corset from Liz Claiborne and Bon-Ton gy marketplace, is reportedly in underperforming operations, in- Foreign markets now account maker in 1874,rings up a third of its shortly after his arrival. early talks to sell itself to another cluding beachwear line OP,a strug- for 49% of Warnaco’s sportswear revenue in underwear, and the new exchange. gling intimate-apparel line from revenues, versus just 15% in 2005. Calvin Klein Steel line is expected Housing overhang Possible buyers include the Jennifer Lopez and a water-goggle To build on that momentum, Mr. to drive growth. The introduction the big risk for Warnaco is in its NYSE,the Chicago Mercantile Ex- plant in Canada. Gromek, who previously turned of the men’s underwear line—the core middle-class market, whose change and Germany’s Deutsche In the process, shareholders— around Brooks Brothers in a seven- largest launch in Warnaco’s histo- spending has been affected lately by Böerse.The stock jumped Friday to even the disgruntled variety—have year stint at the helm, plans to open ry—is slated for the fall with ads high fuel prices and slumping home $142 a share as in- become Gromek cheerleaders. many additional stores abroad and featuring hunky Blood Diamond values. Worse, domestic denim vestors looked for “He has done an outstanding enter emerging markets such as In- star Djimon Hounsou stripped sales are slowing at a time when 1.7% one of those finan- job,” says James Mitarotonda, Bar- dia and Korea. down to his skivvies. there’s no must-have fashion item INCREASE cial exchanges to in price of ington’s chief executive. “There’s still a large population driving consumers to shop. Nymex pay a significant Behind the sudden change of The foreign factor of men who wear tighty-whiteys,” Still, thriving overseas markets shares on premium. heart is a stunning 85% rise over analysts say the outlook for says Randall Scherago, a principal and a better focus on its leading Friday. “I think it’s in- the past 10 months in Warnaco’s sportswear, the source of 43% of at First Albany Capital and one of lines bode well for Warnaco. evitable that share price, which two weeks ago Warnaco’s revenue, is bright large- five analysts who rate Warnaco “We believe Warnaco is much someone will acquire Nymex,” says closed at a record $37.40.Sales and ly because of the soaring overseas stock a “buy.” “Calvin Klein is the better-positioned than many of its Mr. Marks, who remains a large earnings are soaring as main sales of Calvin Klein. top fashion brand in that catego- apparel counterparts,” says Brad shareholder in the institution. “It’s brands Calvin Klein and Chaps At home, the two main ry,” he says. Stephens, an analyst at Morgan hard to see Nymex as a stand-alone become middle-market stars and brands—Chaps,which is made un- The only unit resisting Mr. Keegan who rates the stock “out- operation.” Warnaco has phenomenal growth der license for Polo Ralph Lauren Gromek’s efforts is swimwear, led perform.” Meanwhile,the NYSE has strong overseas. Analysts expect earnings Corp., and Calvin Klein, which by Speedo.Sales have been as flat as incentive to consider a pursuit. Mr. of $1.88 a share on revenue of $2 Warnaco makes for Phillips-Van a placid pond for two years.Warna- COMMENTS? [email protected] Thain has made no secret of his de- sire to expand into the U.S. futures market,in large part because trading futures is considerably more prof- $250,000—and generally retail for As competition intensifies, pro- itable than trading stocks. about $20. duction costs are likely to rise and J.P.Morgan Chase & Co.analyst serious business “There’s a lot of growth in ca- distributors are likely to be more se- Kenneth Worthington observed in a sual games,” says Michael Garten- lective, analysts say. report last month that acquiring a berg, an analyst at JupiterRe- In an effort to avoid getting futures exchange and its floor search. That growth is attributed squeezed, Gamelab is developing traders could help preserve the LET THE GAMES BEGIN primarily to improved access to af- multiplayer games, while Large NYSE floor, a key component of its fordable broadband. Animal is exploring alternative brand. Online PC gaming revenue growth in the United States. The audience has also become distribution methods, such as Although Nymex has fared well Digital game downloads1/ more diverse. Forty-four percent pay-as-you-play rather than in recent years as investors regained Year Total share of total market of online gamers are female, the downloads. their taste for commodity trading, it vast majority of whom play casual Large Animal also recently faces serious competition from its ri- 2006 $1.7 billion $443 million/25.4% games, according to the Enter- launched Playwidgets, which lets val, the Atlanta-based Interconti- 2007 $2.3 billion $746 million/31.8% tainment Software Association. players customize games with pho- nental Exchange. Last year, the all- tos; they can then be shared with electronic ICE seized about a third 2008 $3.0 billion $1.2 billion/38.6% Hard core friends or added to blogs. of trading in Nymex’s benchmark oil 2009 $3.9 billion $1.8 billion/47.0% even with more users,the small- Because advertisers sponsor futures contract and is now expand- 2010 $4.9 billion $2.6 billion/53.8% er New York City developers face Playwidgets, Large Animal expects ing into other contracts,thanks to its an uncertain future as major play- the product to increase revenues. recent acquisition of the New York 1-Over 90% of digital game downloads are casual games. Source: IDC ers—most recently Electronic Arts Though the company,which is pri- Board of Trade. in Redwood City,Calif.—enter the vately held, declined to disclose fi- Nymex, for its part, opened its gaming market. nancials, it says that it is consider- doors to electronic trading last year University’s Tisch School of the Revenues from casual games are The larger companies are trying ing raising venture capital funds. by agreeing to trade its contracts us- Arts, which offers the Interactive expected to rise 68% this year from to move beyond the hard-core “It is important that we are well- ing the Chicago Mercantile Ex- Telecommunications Program. 2006, to nearly $750 million, and gamers—typically males aged 18 to funded so that we can move quick- change’s technology. That agree- “Art talent is strong here,” says are projected to reach almost $2 bil- 34 who own a Sony PlayStation or ly and make products on par with or ment with the CME would Wade Tinney, co-founder of Large lion by 2009, according to research Microsoft Xbox console. better than those made by compa- continue even if Nymex was ac- Animal and a Parsons graduate. firm IDC. “Companies of their size will nies with deep pockets,” Mr. Tin- quired by another institution. “There are lots of people who do The games, which include other shake the casual game space up,” ney says. not want to move to the West hot titles like Solitaire,cost relative- Mr.Tinney says.“It hasn’t been su- COMMENTS? [email protected] Coast.” ly little to produce—$50,000 to percompetitive until now.’’ COMMENTS? [email protected] Kira Bindrim contributed to this report.

June 18, 2007 | Crain’s New York Business | 3 CNYB 06-18-07 A 4 6/15/2007 7:13 PM Page 1

IN THE MARKETS HIGHLIGHTS REEL At post-acquisition Macy’s, +1.5% bigger is looking better The Bloomberg/ Crain’s New $27.0 billion in 2006. Expectations for revenue growth, York Index Upgrade of May stores Since completing the acquisition, the however, may be tested by the slumping rose 1.5% promises to boost sales company has converted May’s array of housing market, which is already being to end the Foley’s, Marshall blamed for a 0.2% dip week at and drive up share price Field’s and Filene’s in first-quarter rev- 403. The ➡ stores around the enues. Hit particularly S&P 500 country into Macy’s hard were goods for Index rose BY ELISABETH BUTLER locations.The process the home, a category 1.7%, involved stumbles,in- that accounts for closing at ike a python that swallowed cluding the retire- about 15% of Macy’s 1533. a wild boar, department store ment of promotional revenue.The retailer is behemoth Macy’s Inc. is tak- discount coupons that countering the slump ing a while to digest its huge cut sharply into sales. by introducing exclu- acquisition of May Depart- But the retailer has sive lines from proven RISERS Lment Stores Co. Two years later, Macy’s also spent heavily to brands such as Martha 5-DAY 1-MONTH 3-MONTH CLOSING is still adjusting to the overnight doubling upgrade merchandise Stewart Collection. % CHANGE % CHANGE % CHANGE PRICE of its store count to 850. and decor. Lately, To tout those new Nymex Holdings +13.5% +20.1% +6.5% $142.12 Despite a share price that has gone Macy’s executives have wares and at the same nowhere over the last two years, investors started wielding their time bolster its healthy Investment Technology +11.9% +19.2% +16.0% $44.02 would do well to add a few Macy’s shares power over vendors by dress, juniors and ac- MasterCard +9.8% +16.4% +49.8% $157.65 to their plate.The company’s post-acqui- demanding better cessories businesses, Market cap $18.2 billion Bank of New York +6.4% +3.5% +8.2% $42.14 sition indigestion is fully factored into the pricing, exclusive lines Macy’s will rely on its J. Crew Group +5.9% +34.8% +35.2% $52.03 stock price, but few of the potential gains and more private-la- Trailing 12 months P/E 19.4 new status as a nation- are. Its price-to-earnings ratio for the fis- bel goods. Web traffic Total debt $10.1 billion al brand. Some of its cal year ending February 2009 is a 13— is soaring: Macys.com ads will focus on back- SINKERS cheap compared with 19 for Dillard’s and drew more than 8 mil- to-school shopping 5-DAY 1-MONTH 3-MONTH CLOSING 29 for Saks. lion unique visitors in and the holiday sea- % CHANGE % CHANGE % CHANGE PRICE “Macy’s is starting to make inroads,” March, up nearly 62% from a year earlier, son, which kicks off with Macy’s nation- NBTY -11.4% -12.8% -7.7% $44.50 says Marshal Cohen,chief analyst at trend- according to Web tracker comScore Inc. ally televised Thanksgiving Day parade. Warner Music -4.4% -6.6% -9.0% $15.97 tracking firm NPD Group Inc., who only All of which should help boost Macy’s “This gives Macy’s a very big opportu- recently turned optimistic about Macy’s. sales and margins. Profits are also getting nity and potential advantage,” says E*Trade -4.1% +8.2% +11.1% $24.18 For the year, analysts expect the com- a lift from cost cuts. Last year, the retail- Bernard Sosnick, a retail analyst at Op- Comverse Technology -3.9% -1.4% +7.9% $22.02 pany to earn $2.60 per share on sales of er slashed expenses by $175 million.This penheimer & Co. Nasdaq Stock Market -3.4% +1.25% +14.4% $31.61 $27.2 billion, an impressive leap over the year, that figure is expected to more than $1.83 earned per share on revenue of double, to at least $450 million. COMMENTS? [email protected]

STOCKS TO WATCH by Erik Ipsen GetToThe Point! Improved results, new sticky bra give Maidenform a fresh lift Owning Maidenform shares has become a profoundly uplifting experience in recent months. The stock has soared nearly 70% over the last year, jumping 11% last week alone. Also last week, Standard & Poor’s smiled on the lingerie maker, bumping up its credit rating. With a trailing PE multiple of a modest 16; profit growth last quarter of 12%; and a new strapless, self-adhesive bra, there’s much to be excited about. A 13% dip in first-quarter earnings and an even larger one expected this quarter have caught Steven Madden flatfooted. The shoemaker’s shares, which last fall rocketed as high as $42 from a low of $10 two years ago, have slipped 7% since Jan. 1. The firm has a new president as of last month, improved inventory control and a better product lineup, leading some analysts to call the stock a buy. It closed last week at $32.70, up 3%. RIVERPOINT CENTER Mind the gap. In recent years Morgan Put Your Signature Stanley has consistently seen its On New Jersey’s Finest, Most Accessible earnings and stock lag those of Corporate Headquarters archrival Goldman Sachs. But in the past three months, Morgan Stanley Make A Powerful Impression has gained 18% and Goldman 13%. On 500,000 The two are running neck-and-neck for NJ Turnpike Commuters Every Week the past 12 months. Investors seem Exceptional Space Availabilities— EXTENSIVE EXTERIOR RENOVATIONS BRAND NEW LOBBY to be developing an affection for 235,000 sf. 85 Challenger Road Ridgefield Park, NJ riverpointcenter.com investment banks with less volatile earnings and that are less inclined to Don Sperling 201-712-5686 David Sherman 201-712-5610 Sloane Rhulen 212-984-8299 bet the shop. [email protected] [email protected] [email protected] charts: lindström bekka

4 | Crain’s New York Business | June 18, 2007 Project4 6/1/07 3:37 PM Page 1 CNYB 06-18-07 A 6 6/15/2007 6:07 PM Page 1

NEW YORK,NEW YORK edited by Valerie Block

“You’re seeing reduction by attrition,” says an executive at a rival house. “If [Random House] does add to the head count, it’ll be way down the totem pole.” A Random House Inc. spokesman says, “The most qualified people happened to be internal.” But sales were basically flat for Random House in 2006, and company insiders point out that Doubleday’s veteran head of marketing just got the ax and also will not be replaced. “There are two ways to make money,” an

nbc photo insider says. “Sell a lot of books— Daytime show gets a makeover or cut your costs.” bc’s low-rated daytime show, iVillage Live (above), Farm goes will relaunch in September with a new host and to market executive producer, says an NBC Universal source. N the growing popularity of Marlaine Selip, former executive producer of Phil green markets is not lost on Liz Donahue’s MSNBC talk show, among other programs, will Neumark, chief executive of tony join the show when it moves from Universal’s Orlando catering firm Great Performances studio to the NBC Tower in Chicago at the end of the and owner of year-old Katchkie Farm (below). month, replacing David Shenfeld. Capitalizing on the fresh-food The source says the interactive show, which began airing trend, Katchkie this week replaces in December on NBC’s owned-and-operated stations, will Central Harlem CSA as the main vendor at the be “much more edgy” when it returns to live broadcasts in green market September. It can be seen on the Web as well. at PS 180 in An NBC spokeswoman did not confirm the personnel Harlem, changes but said NBC “is exploring a new look, feel and flow which has provided fresh for the show, and our move to Chicago is a big part of that.” produce to parents of Distributor puts Cost-cutting students since Long established ads on film by the book 2005.The school’s commitment forget product placement; two high-level executives— relationship corporations have a new way to Steve Ross, publisher of Crown, with Katchkie began when it reach upscale movie fans. D Street and Dan Menaker, executive editor started sending students on field Releasing, a film distributor in chief of the Random House trips to the farm to learn about specializing in foreign flicks, is imprint—are leaving Random nutritious food and cooking. signing up companies to sponsor House Inc., and industry insiders Katchkie has also inked a deal Weiser LLP its movies. Volkswagen AG say the publisher is using the to sell produce at the green market Certified Public Accountants sponsored the distributor’s first departures as an excuse to cut in Rockefeller Center on release, Summer in Berlin. costs. Wednesdays in July and August. The auto manufacturer shelled Mr. Ross’ post is being filled by Next on Ms. Neumark’s plate? to the out more than $100,000 to cover Tina Constable, the longtime head Bottled organic ketchup. Katchkie Health Care the German film’s postproduction of publicity at Crown. Mr. Ross will introduce a line as soon as the community costs, including making prints for left to become publisher of tomatoes ripen on the vine, Ms. New York City distribution to theaters and Collins. Neumark says. “It’s going to have 135 West 50th Street For nearly a century, Weiser has provided New York, NY 10020 paying for advertising. In Mr. Menaker’s position will be flavor,” she promises. Last year, health care organizations with accounting, Tel 212.812.7000 exchange, Volkswagen gets its divided between two Random the farm launched Thunder tax, and consulting services, including: Fax 212.375.6888 logo and the tag line “Embracing House editors, Kate Medina and Pickles. Long Island Operation Improvement International Cinema” on the Jennifer Hershey. A novelist, Mr. 3000 Marcus Avenue • Revenue cycle improvement trailer and in ads. Menaker is planning to spend Contributors: Lisa Fickenscher, Matthew Lake Success, NY 11042 • Risk management, compliance, and Tel 516.488.1200 internal controls Now D Street is looking for more time writing. Flamm, Miriam Kreinin Souccar Fax 516.488.1238 sponsors for Padre Nuestro, the Transaction Based Support Spanish-language film that won Westchester • Mergers/acquisition analysis 660 White Plains Road • Strategic planning the 2007 Sundance Grand Jury POWER OF PRINT Tarrytown, NY 10591 • Medical staff planning and development Prize, slated for release next year. Tel 914.333.0555 Dexter Davis A NEWSPAPER National Network study Fax 914.333.0556 • Financial planning , chief executive of • Valuations D Street, says the sponsorships finds that 81% of newspaper Web site New Jersey • Due diligence users also read the printed version 399 Thornall Street will make it possible for him to • Capital access options Edison, NJ 08837 bring more foreign films to on a regular basis. When asked to • Regulatory submissions Tel 732.549.2800 America, reversing a recent indicate the last time they read any Fax 732.549.2898 Litigation Support decline in the genre. “These films printed copy of their newspaper, www.weiserLLP.com Sarbanes-Oxley Compliance haven’t been doing as much as 710 respondents said: they could at the box office because there wasn’t enough For more information, contact at 81% 9% 7% 3% Douglas A. Phillips, CPA, 212.375.6701. money put behind marketing to Last 7 days 8-30 days 30 + days Never read make any noise,” he says.

6 | Crain’s New York Business | June 18, 2007 Project6 5/24/07 4:12 PM Page 1

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Canadians in NY buying spree CANADA RISING

Continued from Page 1 phy commercial property at 1745 West Lifeco deal. foreign exchange at the Bank of Broadway for $65 million. With so much Canadian busi- Montreal in New York. Late last year,the Ontario Teach- ness migrating south, firms like Mr. Economists say the rise of the ers’Pension Plan purchased the New Unwin’s are expanding on the Canadian dollar is a result of the weak York Container Terminal on Staten ground here to support the activity. greenback and a boom in exports of Island,part of a $2.4 billion deal that Blake Cassels & Graydon has five Canada’s natural resources, like oil, includes three other terminals attorneys in its New York branch,up aluminum and timber. Since Canada throughout North America. from two four years ago, and is is New York state’s largest trading Insurance firms are also getting adding a sixth this year. partner, the loonie’s strength will rip- out their wallets. In February, ple through the local economy. Great-West Lifeco Inc., headquar- Traffic jam bekka lindström bekka tered in Winnipeg, Manitoba, the new business is creating traf- istockphotos Extra buying power bought Putnam Investments Trust fic that’s helping occupancy rates at meanwhile, Canadians are taking from Manhattan-based Marsh & New York’s hotels. JW Marriott visits by Canadians to New York state reverse effect on the Canadian econ- advantage of their extra buying McLennan Cos.for $3.4 billion.It’s Hotels reports steady group book- in 2006, an 11% increase over 2005, omy,which is losing out on export and power.Pension funds have been the just one of several hefty acquisitions ings in New York for business con- according to the most recent report tourism revenues from the United biggest spenders.While most insist Canadian investors are making be- vention attendees from Canada, by Statistics Canada. This year, States. Economy watchers speculate their investment decisions aren’t cause of the strength of Canadian ranging from 50 rooms to 700 Montreal travel agency Alio says its that the Bank of Canada will raise in- purely currency-driven, they’ve currency and the need to look be- rooms on a peak night, up from al- buses and flights to Manhattan are terest rates to temper rising inflation, made a series of major acquisitions yond the border to grow. most no group bookings a year ago. booked solid through the end of the make its exports more competitive in New York City recently. “In a consolidating business The number of individual business summer, and the number of clients and curtail the currency’s rise. In April, SITQ, the real estate world, the opportunities within travelers has risen 20%, compared has increased 5%. They are also “We’re of the overall view that subsidiary of Montreal-based pen- Canada are less and less,” says Tim with this time last year. spending more:Macy’s reports an 8% Canada might be getting a little bit sion fund giant Caisse de Dépôt et Unwin, managing partner for the Even tourists are continuing to increase in Canadian traffic at its too strong,” says Bank of Montreal’s Placement due Québec, joined New York office of Canadian law pour into the city, despite the damp- flagship store, compared with the Mr. Benfer. forces with SL Green Realty Corp. firm Blake Cassels & Graydon, ening effects of stricter border rules. same time last year. and the Witkoff Group to buy a tro- which was involved in the Great- There were more than 2.6 million But the expensive loonie has the COMMENTS? [email protected]

publishing grapevine has been full out.Free Press has a lot riding on Be- of talk that Mr. Romanos plans to come a Better You, by televangelist Publisher’s hot revenue story retire at year-end, when he will be Joel Osteen. His first book with the 65. A savvy leader, he has been a top house is part of Simon & Schuster’s Continued from Page 1 we give back in terms of results.” fall. Despite fears that the company executive at Simon & Schuster since move into religious publishing. compendium The Secret, sales con- Driving the results is a mixture of had overpaid, the title became the 1991 and CEO since 2002. Safer bets include El Secreto— tinue to outpace last year’s record bare-knuckled cost controls,aggres- fastest-selling hardcover in Simon The Secret in Spanish—which Atria number. sive salesmanship and a decision to & Schuster’s 73-year history. It re- Still buzz just published as part of its Latino Revenue at Simon & Schuster, place creative bets strategically, in- mains on the New York Times list mr. romanos insists that he is hav- program. In the fall, the flagship Si- the fourth-largest U.S. publisher, cluding on the spirituality and and has 3 million copies in print. ing a great time running the compa- mon & Schuster imprint will release grew 6% in 2006, to a historic high health and wellness categories, and The company has also enjoyed a ny and is not ready to retire. an illustrated edition of 1776,David of $807 million. Industrywide, sales the African-American and Latino good run with authors it has devel- There’s also still buzz about the McCullough’s best seller,and Scrib- of trade books—the kind consumers markets. In addition, the house oped. Nineteen Minutes debuted as a publisher being for sale. No matter ner will publish a volume from star buy—rose 3%, to $8.3 billion, ac- maintained its emphasis on current No. 1 best seller, a first for author how big a fan Mr. Moonves is of Si- memoirist Frank McCourt. cording to the Association of Amer- affairs titles and commercial novels. Jodi Picoult. The Glass Castle,a mon & Schuster, he reports to Mr. Simon & Schuster is also work- ican Publishers. memoir by Jeannette Walls pub- Redstone, who controls both CBS ing with CBS on creating a digital The performance has enhanced Good luck lished by Scribner, has been a top and Viacom. archive of its 18,000-title backlist,in Simon & Schuster’s position at simon & schuster has also had seller for over a year. Whatever changes are in store, preparation for the day when down- CBS, where it ended up last year as some luck. The Secret, released in “The wonderful thing about our the unit is considered in good shape loading to e-readers or printers be- part of Viacom Inc.’s split. Viacom November by the Atria imprint in a success right now is that every single to weather them.“You look at all the comes a viable business. Chairman Sumner Redstone often co-publishing deal with new-age imprint is up,” says Carolyn Reidy, people over there, and it’s a remark- “They have everything well-cov- talked of selling Simon & Schuster house Beyond Words, has succeed- president of the adult publishing ably stable group of seasoned pros,” ered,” says Stephanie Oda, publish- if a buyer met his price. ed beyond anyone’s wildest dreams. group. “That’s a credit to the hard says Lorraine Shanley,a principal of er of industry newsletter Subtext. CBS says the publisher isn’t go- More than 6 million copies are in work everybody did in focusing consulting firm Market Partners “They’re into every area where they ing anywhere.“They get us,they like print worldwide. their imprints.” International. can make money.” us, they support us,” says Simon & It’s a similar story with You: On a The well-oiled machine could They’re now looking forward to Schuster CEO Jack Romanos.“And Diet, published by Free Press in the face adjustments, however. The seeing how their latest gambles turn COMMENTS? [email protected]

calls for the creation of additional park space, sports fields and a high Hudson park crisis school, all for $145 million. “The Related bid will throw off Continued from Page 1 40 at West Houston Street. more money, but the People’s Pier has yet to appoint a successor. “I have been quite clear that I has the support of the community “This is a particularly bad time,” think authorities are not necessarily PIER 40 PLANS: Urban Dove’s People’s Pier (left) and The Related Companies’ film center. that sees Pier 40 as a neighborhood says Albert Butzel, president of the most cost-efficient methods of treasure, not a tourist destination,” Friends of the Hudson River Park, a operation,” says Assemblywoman says Fredric Bell, executive director nonprofit advocacy group. “The Deborah Glick, a critic whose dis- and sports, but generally has been been difficult. In 2003, the trust re- of the New York chapter of the amount of money the park has been trict includes the park. neglected. Some $14.2 million is jected three plans to build a cultural American Institute of Architects. allocated isn’t even enough to keep On reason for the cash crunch is needed to repair a leaking roof, ac- complex, an aquarium or a super- No action is expected until a new construction going next year.” escalating construction costs. The cording to a letter written earlier this store. Now the trust is considering chairman is chosen. A spokes- The 550-acre Hudson River TriBeCa segment of the park has month by the president of the trust, two drastically different bids. woman for the governor said the Park, created in 1998, is the largest the most urgent need for funds.Last Connie Fishman, to Mr. Butzel. search for a new chair “is in progress” open-space development in Man- year, the Lower Manhattan Devel- Some $7 million is needed immedi- Options for improvement but declined to comment further. hattan since Central Park.The trust opment Corp. awarded the trust ately to repair dilapidated concrete cash-rich Related Companies is Despite all these difficulties, the has so far been allocated some $263 $70 million to complete the section and steel piles that hold up the pier. proposing a $626 million complex trust says its projects are on track million. Only 40% of the park is around North Moore Street, but Other repairs include replacing part that would transform the pier into a and that a new chairman could tack- complete, and another $130 million now the project is expected to cost as of the facade on the eastern wall,fix- permanent home for the TriBeCa le its problems. is needed to finish it, according to much $100 million. ing part of the perimeter and over- Film Festival and a theater for “As soon as there is a new chair, Friends of Hudson River Park. hauling systems. Cirque du Soleil while preserving which I’m guessing will be before Moreover,once completed,the park Neglected facility Pier 40 is pivotal because it is ex- the existing sports fields for the the end of July,one of the first things is meant to be self-sustaining, with pier 40 is also in trouble. Built 45 pected to generate enough income community. The second option, that person and the vice chair, revenue generated from the mar- years ago for the Holland America to cover 40% of the park’s mainte- dubbed the People’s Pier, is led by [Daniel] Doctoroff, will do is make itime district at West 42nd Street, Line,it was abandoned as a shipping nance costs, which could be as high nonprofit group Urban Dove,which a decision on Pier 40,” she says. Chelsea Piers at West 22nd Street, facility shortly thereafter and has as $19 million a year. serves at-risk youth, and summer Pier 57 at West 17th Street and Pier been used for warehousing, parking Choosing a plan for the site has camp operator The Camp Group.It COMMENTS? [email protected]

8 | Crain’s New York Business | June 18, 2007 CNYB 06-18-07 A 9 6/15/2007 2:40 PM Page 1

first choice,” he says, but it has the virtue of being located just two blocks Cutbacks restore local supermarkets from his apartment.“I can find more prepared meals and organic products posting higher sales volumes.Same- at Whole Foods, which is like walk- Chains grow, compete store sales are up about 5% at ing into Bloomingdale’s. The pro- better after shedding D’Agostino’s 18 stores and Grist- duce department is gorgeous.” edes’ 39 over the past 12 months, Some Manhattan residents who stores; customer compared with flat revenues just a own cars do the bulk of their week- perceptions a problem couple of years ago. ly shopping outside the city at less expensive stores,like ShopRite.The Recent closures store in Jersey City, just outside the BY LISA FICKENSCHER meanwhile, cooperatively owned Holland Tunnel,draws a lot of New Key Food has opened seven stores York customers, says owner Larry new york city’s supermarket chains since 2005, for a total of about 100 Inserra, who paid for advertising in have been pummeled from all direc- in New York City. It also recently the city on cable television when the tions—by new competitors, includ- IN THE BAG: Nicholas began testing online shopping. store opened five years ago. ing Whole Foods and FreshDirect; D’Agostino III sees The strides made by supermar- The consumer perception that by rising rents; and by picky cus- an opportunity in kets come on the heels of recent local supermarket chains don’t offer tomers who want a different shop- developers’ use of store closures. the high-quality food found in more ping experience. supermarkets as In April,D’Agostino shut a store upscale stores is a problem that Mr. The triple threat has forced many amenities. on West 57th Street and another in D’Agostino can’t explain. chains to shed struggling stores and Park Slope, Brooklyn. Its overall “Because we also carry Wonder

to use the cash from selling pricey buck ennis revenues are down slightly from two Bread and Coca-Cola, customers leases to help the rest of their busi- years ago, when the business had 22 don’t perceive us as a high-end gro- nesses. The surprising result is that things we weren’t doing so well,”says hattan this year. stores and generated about $175 cer,” he says.“It gets lost on our cus- the dowdy chains are starting to Nicholas D’Agostino III, president “Some developers consider su- million. Gristedes, once a 148-store tomers that we offer organic and grow again. of his family’s 75-year-old chain. permarkets to be an amenity, and chain, has been steadily shrinking natural products.” “There has been a retail renais- that’s where we can be successful,” over the past decade. In February, it Key Food—which is set to open sance for traditional supermarkets Fighting back says Mr. D’Agostino. sold eight leases to Duane Reade. its first Manhattan store in several in the city because there is a dearth the company is beefing up its Inter- Similarly, Gristedes is opening a Food Emporium closed four stores years—has been able to grow because of them,” says supermarket consult- net business, responding to the in- location on Maiden Lane in lower in Manhattan over the past couple it approaches each neighborhood ant Burt Flickinger III. roads made by online grocer Manhattan, where residential de- of years; it now has 16. differently,according to Jerry Cesaro, Now that there’s more demand at FreshDirect.Over the past two years, velopment has outstripped the The closures reflect both the vice president of the cooperative. their remaining stores,local compa- D’Agostino has doubled to about growth of essential service business- high cost of real estate and con- “The flier in Whitestone, nies like D’Agostino and Gristedes 2,000 its number of customers who es such as food stores. Owner John sumers’ changing tastes. Fred Co- Queens, is different from the one in are finding strength in being leaner. buy groceries online for delivery. Catsimatidis also says he is interest- hen, who recently shopped a mid- Astoria,” he says. “We don’t have a This gives them a greater ability to Now Mr. D’Agostino is looking ed in buying another food retailer in town D’Agostino is a reluctant cookie-cutter approach.” compete with their newer rivals. for real estate so that he can open the metropolitan area. customer. “We have cleaned up some of the at least two more stores in Man- Both supermarket chains are “D’Agostino would not be my COMMENTS? [email protected]

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June 18, 2007 | Crain’s New York Business | 9 CNYB 06-18-07 A 10 6/15/2007 2:23 PM Page 1

Arts&Business CouncilOF NEW YORK A Division of Americans for the Arts Battle for a legend

Continued from Page 2 congratulates the winners of on revenue of $327 million, THE 42ND ANNUAL 43% of which came from candy sales unrelated to cards.In 1992,when frenzied collectors drove up sales, Topps posted profit of $54 encoreawardsencoreawards million on revenue of about encore $300 million. Staying power JUNE 19, 2007 CIPRIANI 42ND STREET still, Topps remains a po- tent name. It survived the Corporate Hall of Fame Excellence in Arts Management Award fallout from the industry’s JPMorgan Chase René Buch, Robert Federico, Gilberto Zaldívar speculative bubble, ultimate- Repertorio Español Arts & Business Partnership Award ly forcing out rivals Fleer, American Ballet Theatre and Ada Ciniglio Donruss and Pinnacle. Payless ShoeSource High 5 Tickets to the Arts The takeover battle for Topps pits its last remaining Symphony Space and Zabar’s Creative Business Volunteer competitor,Upper Deck Co., Alexandra Tyler, Citigroup against a private equity group led by Michael Eisner, the with special thanks to former chief executive of Walt Disney Co. Their 2007 Underwriter DOUBLE-DEALT: showdown represents what First-comer Michael could be the last fight in a Eisner thought he had business that, though in de- an agreement, but cline, still evokes powerful Topps went shopping. 2007 Sponsors 2007 Media Sponsor emotions. getty images “I learned how to read with baseball cards,” says Pete for rejecting the Upper Deck bid Williams, author of Card Sharks: probably rests on antitrust grounds, For more information, visit www.artsandbusiness-ny.org/sc/encore How Upper Deck Turned a Child’s he says. Hobby into a High-Stake, Billion- Whoever wins Topps faces a Dollar Business. bumpy road. “Topps is apple pie and the American flag,” Mr. Henry says. Decimated market Fittingly, the process of selling wholesale revenues for all sports this icon is proving to be agonizing. trading cards were about $270 mil- The saga began in March, when lion last year, compared with a peak Topps accepted a of $1.2 billion in $385 million cash 1991, according bid from the Eis- to Card Trade. ner group. The boom was Topps then de- partly driven by cided to hunt for upstarts like Up- other buyers. Such per Deck, which “go-shop” periods launched in 1988 are increasingly with a line of common among cards offering firms poised to high-quality pho-

be bought by pri- bloomberg news tography and ho- vate equity groups lograms to dis- but seldom pro- courage forgery. duce higher bids, Shareholders Topps responded because potential with its own buyers are rarely ‘won’t be high-end cards, willing to risk and the race was breaking up exist- comfortable on to cater to col- ing agreements. lectors with elite Not this time. turning down merchandise. Upper Deck a higher offer’ Along the way, You don’t need a crowd of lawyers. trumped the Eis- children, the ner bid with an bedrock audience Just one partner’s undivided attention. offer of $416 mil- for cards, were lion. Topps reject- priced out. The ed it, questioning cheapest Topps whether privately pack retails for 99 held Upper Deck could finance the cents but contains only six cards. transaction, but agreed to negotiate. Other packs range from $2 to $5 or Upper Deck sued, and last week even $10. a Delaware judge granted an injunc- In fact,in an effort to appeal to as tion blocking a scheduled June 28 many buyers as possible, Topps and shareholder vote on the Eisner bid. Upper Deck produce 40 different Ultimately, the Eisner group, lines of cards between them. That’s which has said little publicly about a far cry from the days when kids its plans but intends to retain Topps waited to get first crack at the single senior executives, will have to at line Topps unveiled each spring. least match Upper Deck’s bid to “The arrival of the new set of prevail. baseball cards used to mean a new “Nobody is going to be com- season was here, and it was some- fortable turning down a higher of- thing kids looked forward to,” Mr. fer,”says Joel Greenberg,a partner at Williams says. “The anticipation is law firm Kaye Scholer who has gone, and so is the golden goose.” www.arentfox.com / Washington / New York / Los Angeles worked on deals involving baseball Attorney Advertising card companies.Topps’strongest case COMMENTS? [email protected] CNYB 06-18-07 A 11 6/14/2007 7:39 PM Page 1

Publisher pumps volume at music magazines

certs in Manhattan and J.P.Morgan Some of the older music titles sponsored by Boost Mobile. to bring the Vibe Music Awards Zenbu Media boosts as the lead sponsor. Mr. Bernstein is are also focusing on nontraditional Vibe,which has long emphasized back to television. The event last revenue with live aiming for 500 concerts in 10 cities businesses as a way out of their its brand extensions, has struggled aired in 2005. in 2008, with additional sponsors. problems. since the magazine was bought by Music scene observers maintain events, podcasts while Zenbu is also making money The Wicks Group last July. Ad that if done correctly, magazines bigger titles struggle from its own music label, from pod- Marketing partnerships pages fell 11% in the first quarter, are still viable, which is more than casts—which attract sponsors— spin magazine was losing $5 mil- and ad revenue dropped 10%,to $22 they can say about the big music and from advertising on its Web lion a year when it was bought by million, according to Publishers In- labels. BY MATTHEW FLAMM sites.These include Jambands.com, Hartle Media in 2006. Publisher formation Bureau. Most recently, “Music as a passion isn’t falling an online community for the live Malcolm Campbell says it will reach Chief Executive Eric Gertler apart,” says Lena DerOhannessian, in a recent issue of Relix, vintage music scene. breakeven this year with the help of stepped down and eight staffers an associate media director at Uni- punk rocker Patti Smith rubs shoul- Altogether, these offshoots gen- marketing partnerships,like the July were laid off. versal McCann. “It’s the labels and ders with indie band Dispatch be- erate about 60% of company rev- issue’s compact disc tribute to the Publisher Len Burnett says that the way they do business that are.” tween ads for obscure festivals like enue, which will come to slightly Smashing Pumpkins. The CD was advertising is picking up for the sec- High Sierra and 10,000 Lakes. under $10 million in 2007,a 70% in- produced by MySpace.com and ond half and that he’s nearing a deal COMMENTS? [email protected] Rolling Stone it’s not.But Relix is crease over last year’s amount, Mr. helping publisher Zenbu Media Bernstein says.The rest comes from grow revenues by double digits at the magazines—flagship Relix for a time when other music titles, live-music fans, Global Rhythm, like Spin, Vibe and Blender,are Metal Edge and Metal Mania. struggling. “Zenbu is the poster child for Manhattan-based Zenbu ac- [finding new revenue streams],” quired two metal magazines this says Jay Kirsch, a director at AdMe- winter to create a cluster of four mu- dia Partners, the investment bank- sic-enthusiast publications with a ing firm that brokered the publish- er’s purchase of its metal titles. “There are a lot of new media op- Offshoots portunities for music magazines that aren’t necessarily there for a generate about news magazine.” The niche status of Zenbu’s ti- 60% of Zenbu’s tles limits their journalistic ambi- tions, however.They don’t have the revenues resources to conduct the sort of cul- tural and political coverage that has become a trademark of Rolling Stone, the 800-pound gorilla of the category. combined circulation of more than What’s more, some publishers 300,000 copies. More important, argue that small titles like Zenbu’s the company has been building must find new ways to make money businesses around the magazines— because their core business is weak. including sponsored events and dig- “A lot of them say they have a cir- ital programs—that now bring in culation of 100,000 copies, but WORKING TOGETHER. the lion’s share of revenues. that’s the print run,” says Lee Rosenbaum, publisher of Blender. Fan-based model “We sell audited circulation. That’s zenbu has adopted a model that a true business model.” mirrors what music labels are trying Mr. Rosenbaum denies reports to do: make money from the differ- that Blender, which is on the block ent ways that fans connect to their with fellow Dennis Publishing titles music. Maxim and Stuff, is not profitable. “The hub is the magazines, the He points out that overall circula- GETTING IT DONE. spokes are the revenue streams that tion is growing. But he acknowl- come out of them,”says Steve Bern- edges that mainstream music mag- stein, a rock fan and ex-Citigroup azines have a tough sell on the executive who founded Zenbu sev- newsstand against more celebrity- en years ago. “The goal has been to oriented titles. broaden the revenue streams.” Single-copy sales for Blender fell The fastest-growing of those 23% in the six-month period ended spokes is live events. Zenbu Dec. 31, according to the Audit Bu- launched the Green Apple Music & reau of Circulations. Total circula- Arts Festival in 2006 with 75 con- tion was up 7%, to 744,000 copies.

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June 18, 2007 | Crain’s New York Business | 11 CNYB 06-18-07 A 12 6/14/2007 7:37 PM Page 1

VIEWPOINT Congestion fee foes: Time’s up editor in chief Rance Crain publisher Jill R. Kaplan et’s see if this makes sense. Foes of come from the anti-camp. EDITORIAL Mayor Michael Bloomberg’s congestion The more important point is that congestion pricing would editor Greg David pricing plan argue that commuters would finance critical improvements in mass transit that will benefit managing editor Richard Barbieri deputy managing editors Valerie Block, drive around northern Manhattan or parts working people and help the environment. No one disputes Erik Ipsen of the Bronx and Brooklyn looking for that available financial resources are about $30 billion short of assistant managing editors Carmen Fleetwood, Robert Hordt parking spots to avoid paying $8,even what’s needed to build the region’s consensus list of columnist Alair Townsend though they will spend $4 to take the improvements. No one has offered any other plan to provide senior reporters Aaron Elstein, Lisa Fickenscher, Matthew Flamm, subway into and out of the central business district. Not that amount of money, and the mayor’s plan would produce it. Tom Fredrickson, Samantha Marshall, likely. With the city set to attract another 900,000 residents and the Anne Michaud, Julie Satow, L Miriam Kreinin Souccar With Mr. Bloomberg intensifying his efforts to win suburbs growing as well, failure to expand subways, commuter reporters Barbara Benson, Elisabeth Butler, legislative approval of congestion pricing before the end of rail lines and bus systems would be disastrous. Erik Engquist, Amanda Fung, Hilary Potkewitz, Gale Scott the session next week, opponents are raising three key Is there room on mass transit for all the people who would restaurant critic Bob Lape objections. But the questions raised by lawmakers, led by suddenly stop driving? Admittedly, the MTA needs to be art director Steven Krupinski deputy art directors Carolyn McClain, Assembly Speaker Sheldon Silver, have already been more specific about Daniel Mednick addressed. how it will handle staff photographer Buck Ennis copy desk chief Wendy Zuckerman Wouldn’t the areas near the pricing zone have heavier Lawmakers’ additional riders. But to copy editors Michele Arboit, traffic, and therefore more pollution? The answer is no, given the extent that the Thaddeus Rutkowski 3 main questions research editor Denise Southwood the experiences of other cities that have implemented concern comes from associate research editor have already Adrianne Pasquarelli congestion pricing. In fact, because other tolls would be suburbanites, it is a www.NewYorkBusiness.com deducted from the fees, the plan would reduce traffic and been addressed reflection of what is online editor Catherine Tymkiw pollution in the boroughs by eliminating the incentive that known as the middle- online reporter David Jones drivers now have to go out of their way to use free bridges. seat problem: No one EDITORIAL AND ADVERTISING OFFICES 711 Third Ave., New York, NY 10017-5806 Aren’t there alternatives that would accomplish the same wants to sit in the editorial: 212.210.0277 Fax 212.210.0799 goals? advertising: 212.210.0259 Frankly, no one has come up with a better solution for middle seat on a Cable craincom nyk traffic congestion. Brooklyn Rep. Anthony Weiner, a leading commuter train. In fact, there is capacity on suburban lines Fax 212.210.0499 Entire contents ©copyright 2007 Crain critic of the mayor’s plan, has come up with the most specific and on most of the city’s subways. Because the plan wouldn’t Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP suggestions. For example, he has called for restrictions on be implemented until 2009, the MTA will have time to buy Inc., used under license agreement.

trucks in Manhattan. But trucks account for only 7% of the more buses for those areas not served by subways. TO SUBSCRIBE: vehicles in the proposed pricing zone. Furthermore, limits The questions that Mr. Silver and others raised last week Call 888.909.9111; fax 313.446.6777. $3.00 a copy, $59.79 one year, $109.79 two years. on truck access could cripple some businesses. And Mr. are mostly red herrings. If they don’t want congestion pricing, www.NewYorkBusiness.com

Weiner’s musings are about the most specific suggestions to they should explain exactly what they will support instead. ADVERTISING AND MARKETING advertising director Vanessa Cognard business development manager Robert N. Grossman senior account manager LETTERS TO THE EDITOR William E. Squitieri account executives Andrew Carlin, Lisa Pearly, Derek Reese, Jennifer Siniscalchi, Brigitte Stieglitz western account manager Ellen Mazen (Los Angeles) 323.370.2477 Multigenerational language barrier sales manager, classified print & online John Gallagher YOUNG KIDS newsletter product manager environment still helping her with her medical, employed.The many self- Catherine Evans Gittens ALSO AFFECTED around financial and emotional life. employed workers who can mature sales coordinator, print & online crain’s raises a immigration One of the children says, into bigger businesses reveal the Lulé Haznedari critically important issues, it is “What doesn’t kill you makes you growth potential of manufacturing. sales coordinator Anita Perrino issue in the June 11 refreshing to read stronger.” I must be very strong. credit Pat Grondziak 313.446.6082 adam friedman marketing manager Jill H. Bottomley article “Speaking an article that rose tallis Executive director circulation manager Andrea Richardson for the parents.” highlights families NY Industrial Retention Network general manager, interactive New York’s who are working MANUFACTURING NUMBERS Marc Minardo numerous hard to succeed in MISS SELF-EMPLOYED INDUSTRY HAS immigrant the United States ITSELF TO BLAME NEW YORK PRODUCTION communities are so while tending to nyc’s economy is booming, production and pre-press director Michael Corsi well-established the needs of driven in part by the growth of i’d like to take issue with the advertising production manager and in some cases multiple self-employed entrepreneurs, as June 4 story “New way to tout Marilyn DeMilta

so large that the buck ennis generations. Crain’s reports in its June 11 issue. tunes,” in which Crain’s presents as need to learn joanne What is missing from this fact what is merely an unsub- PUBLISHED BY CRAIN COMMUNICATIONS INC. RICHARD RODRIGUEZ translates a chairman Keith E. Crain English goes menu for his mother, Marcolina. heyman picture is “self-employed” in what? stantiated assertion from the president Rance Crain unattended.This Executive director For example, while the article record industry that “revenue has secretary Merrilee Crain in turn creates The International reports that manufacturing is “in fallen in five of the past six years, treasurer Mary Kay Crain significant stress on the children of Center in New York decline,” it offers a self-employed the victim of file sharing and executive vp, operations William Morrow immigrants. jewelry maker as an illustration of illegal copying.” senior vp, group publisher Gloria Scoby group vp, technology, circulation, Indeed, the burden is just as CHILD’S WORK new business growth. She is not There are more plausible, manufacturing Robert C. Adams great for school-aged children as it IS NEVER DONE included in Department of Labor verifiable causes for the revenue vice president/production & is for the adult children quoted in data because she isn’t “employed.” decline, such as the decrease in new manufacturing David Kamis the piece. Imagine coming home i have been translating for my Another example of these acts or the litigious jihad that the chief information officer Paul Dalpiaz from school and having to be your mother since I can remember, even invisible manufacturers was industry has prosecuted against its corporate circulation director parents’ translator, all while trying going so far as helping her through revealed in a recent New York potential customer base and that Patrick Sheposh to keep up with your homework her divorce from my father. Industrial Retention Network has made the Recording Industry founder G.D. Crain Jr. (1885-1973) and engage in after-school Needless to say, it was quite study of the food sector. Of the Association of America the most chairman Mrs. G.D. Crain Jr. (1911-1996) activities. painful for me (as well as for her). 19,300 people working in food hated group in [the country]. In the overcharged political She is now in her 90s, and I am processing, 2,500 were self- scott powell

12 | Crain’s New York Business | June 18, 2007 CNYB 06-18-07 A 13 6/15/2007 12:25 PM Page 1

Brown paper efforts. The city’s media followed his lead. The hand-wringing New York Times story that appeared in March, which concentrated on the packages tied possible dire consequences,bore the headline “If they come, where will they sleep?’’ Unfortunately, reporters had stumbled into three classic pitfalls of up in string. . . journalism: failing to probe a source’s bias, accepting what’s easy to count and not considering how the economy works. The driving force behind the sto- ries was hotel union boss Peter Ward. He’s sincere and thoughtful, but his prime concern in this situa- tion wasn’t the city’s future;it was the loss of unionized hotel jobs. More than anyone else, he knew how dif- ficult and time-consuming it can be to unionize workers. He wanted to protect the members he had, rather

john h.john howard than have to find new ones. The bad-news story he was pro- moting was easy for the press to doc- . . . Crain’s readers ument. The union, which had to be informed of potential conversions, will find their favorite Converting hotels was happy to relay the information. Reporters had no such easy source for details on new projects. In fact, things in Crain’s into bad journalism hotel chain executives were loath to discuss their plans, because to do so could drive up the price of the sites Life Gift-Giving Issue. “The city appears to have lost more than 3,300 [hotel] rooms in the they wanted and alert rivals to their past few years. Hotel union officials and some hotel owners find the intentions. For the first time, Crain’s Life will trend appalling,because ofthe loss ofjobs,and because ofwhat it could Most important,no one consult- ed an economics textbook. If supply explore the art- and science- of mean to the city’s plans [to expand its convention business].’’ tightened and occupancy rose,room gift-giving to provide Crain’s —the new york times, march 6, 2005 rates would jump and existing hotels would become more profitable. Not affluent readers with insight and “Manhattan will gain 50-plus hotels and 8,000 rooms over the next only would they remain open, but tips into navigating New York’s operators would look to build more three years. … The increase is the largest ever.” rooms. Funny, that’s exactly what virtual and physical retail scene. —crain’s, june 4, 2007 happened. Luckily, little harm came from This fresh new package will have his is a tale dations were neglected the cause célèbre.Elad found a com- of econom- and run-down. Their promise that preserved part of the advice from shopping pros and a ics and jour- clientele was in on the Plaza as a hotel, mollifying the unique gatefold map to give nalism. secret and had aban- union. A panel that Mayor Michael Crain’s Alarm doned them for new en- Bloomberg named to study the po- trendsetter readers a Tbells went off here in trants that actually were tential room shortage offered harm- simulated shopping experience early 2005 after a series luxurious, like the Four less suggestions, long since forgot- of hotel owners decided Seasons and the Man- ten. Even Mr. Ward is happy, since and show them how to best find to convert their rooms darin Oriental. he will have so many new members those perfect gifts for clients, to condominiums,lured The issue reached a to recruit. Because the trend was al- by escalating prices for fever pitch when news lowed to run its course, Manhattan family and friends. high-end residential real GREG broke of conversion will soon have 72,000 hotel rooms. estate.The hotels them- DAVID plans for the Plaza, Journalism is supposed to be the Crain’s Life Gift-Giving Issue selves were regarded as which had been pur- first draft of history. In business luxury destinations, but chased by Israeli com- journalism, that goal is achieved Issue Date: Sep 10 the label was more historical than pany Elad.The boss of the city’s ho- only when stories are written with accurate. While they charged high tel union led a PR campaign to block the understanding that economics Ad close: Aug 23 room rates, most of the accommo- Elad’s plans, as well as any similar matter. For advertising information CRAIN’S ONLINE POLL contact Vanessa Cognard at 212-210-0732 or DO YOU AGREE WITH SPEAKER SHELDON SILVER’S CLAIM THAT [email protected] CONGESTION PRICING WOULD OFFER LIMITED HEALTH BENEFITS? ALMOST HALF OF THE 416 RESPONDENTS Yes, emissions will increase believe that the Assembly speaker is in areas outside No, he’s making a case against congestion pricing the pricing zone .24% just looking merely so that he can make deals on other 47%. to make matters. The remainder are nearly evenly No, congestion deals pricing will result on other split on whether charging a fee to drive into in cleaner air .29% issues Manhattan below 86th Street would lead to citywide cleaner air for all city residents.

For this week’s question: Go to www.NewYorkBusiness.com/poll to have your say. CNYB 06-18-07 A 14 6/15/2007 12:57 PM Page 1

Committee. Mr. Schimminger supports Empire Zones and is exploring tax revenue questions. TRANSPORTATION Shifting gears THE INSIDER But Richard Brodsky, JANETTE SADIK-KHAN (below), the city’s new transportation commissioner, D-Westchester, this month intro- politely says she’s building on the foundation left by her predecessors. In fact, by Erik Engquist and Anne Michaud duced legislation to suspend and she is shaking it. A month into her job, she’s advancing ideas that the overhaul Empire Zones. As chair department has long rejected, from residential permit parking to banning cars of the Corporations, Authorities from Central Park to the mayor’s revolutionary congestion pricing plan. and Commissions Committee, Ms. Sadik-Khan knows she can’t merely reform Mr. Brodsky says he’s found con- the Department of Transportation’s policies. She flicts of interest on Empire Zone has to change its very mind-set, because staffers boards, as well as low environ- have long seen their mission as moving as much mental and labor standards. traffic as they can, as fast as they can. The Empire State Development Overcoming such entrenched thinking is an Corp. says it wants reform but does immense task, as Ms. Sadik-Khan, 47, knows not want to shut down the state’s from experience. As a DOT staffer in 1991, she

ap images primary economic development answered Mayor David Dinkins’ call to reduce tool, especially when jobs are needed upstate. congestion by writing a plan for East River bridge Airlines spinning over passenger bill tolls. The idea was predictably unpopular and died quickly. Ms. Sadik-Khan’s abandoned report o the dismay of airlines, a “passenger bill of rights” Protest targets sits on a shelf in her unglamorous 10th-floor sponsored by Assemblyman Michael Gianaris,D- office at 40 Worth St., a reminder of what happens when policy meets politics. Queens, and state Sen. Charles Fuschillo Jr., R-Nassau, Glick’s protest After leaving city government, she worked as a senior vice president at T engineering giant Parsons Brinckerhoff and before that as a transportation could pass the state Legislature this year. an environmental justice The bill would penalize airlines when passengers are stuck group called the Organization of official in the Clinton administration. Waterfront Neighborhoods is This time, Mayor Michael Bloomberg has vowed to fight for congestion on grounded planes for more than three hours. taking aim at Assemblywoman pricing regardless of the political cost, which is why Ms. Sadik-Khan is in the Airlines say the bill is unnecessary, would add cost and is Deborah Glick, D-Manhattan, to hot seat. “When I talked with the mayor about the possibility of joining the potentially dangerous because it creates pressure to take off protest her opposition to a agency, I did talk to him about wanting to do congestion pricing, moving when conditions might be unsafe. Mr. Gianaris calls the safety recycling facility in her district. forward with bus rapid transit, taking a greener approach, looking at The group held a rally outside her complete streets, a revitalized bike network,’’ she says. “I very much see issue a “red herring,” because the FAA and air traffic office in support of the working toward a greater, greener New York as the new mission.” controllers determine when a plane departs. Gansevoort Marine Transfer She speaks of redesigning the city’s streets for pedestrians, bicyclists and Should the proposal become law, a legal challenge could Station, which would be built on buses. That’s what Jon Orcutt from the Tri-State Transportation Campaign, follow, as federal legislation prevents states from regulating stilts off the shores of the Hudson Andy Wiley-Schwartz from the Project for Public Spaces and traffic River Park. The project needs state consultant Bruce Schaller have advocated for years. The department had airline services, and authorities in Washington would not take approval. never listened, but Ms. Sadik-Khan not only heard them, she hired them. kindly to the state encroaching on their turf. OWN contends that Man- At 40 Worth St., you can almost feel the foundation rumbling. hattan must accept its share of the

much-criticized Empire Zone waste-handling burden and not buck ennis Different visions program. leave it to northern Brooklyn and for Empire Zones Assemblyman Robin the South Bronx. Mayor Michael Bloomberg to this characterization of the Schimminger, D-Erie, last week Ms. Glick says the protest over achieve his trash disposal agenda negotiations is inaccurate and the two state assembly committees convened a hearing as head of the the Gansevoort recycling station using racially divisive tactics. She talks “are going well.” are vying for oversight of the state’s Economic Development is a thinly veiled attempt by says that City Hall has not explored West Side alternatives to intruding on Gansevoort parkland. The Bargain-priced mayor’s office says all alternatives Spitzer fund-raiser were thoroughly considered and deemed unworkable. invitations for Gov. Eliot Spitzer’s “We aren’t trying to push our $100-a-head fund-raiser July 23 garbage into any other borough,” went out just as the state Ms. Glick says. “The mayor ought Republican Party was mocking him to be ashamed of himself.” for collecting donations from “fat cats.” But a Spitzer campaign spokeswoman says the low-dollar Talks hold back event “was not scheduled as a rail yards RFP response to anything, particularly not a GOP stunt.” Such events negotiations with the have always been part of his fund Bloomberg administration over raising, she says.The event begins affordable housing are holding up at 6 p.m. at the Boat Basin Café, the request for proposals to develop West 79th Street. the MTA rail yards in Hudson Yards.The MTA doesn’t want to issue the RFP until it has a signed Challenger Maffei agreement with Deputy Mayor gets some help Daniel Doctoroff and City Council Speaker Christine Quinn on a democratic congressional framework for rezoning the challenger Daniel Maffei will be in western rail yards. New York City raising money on Insiders say the MTA has Monday at an event hosted by his proposed that the city offer former boss, Rep. Charles Rangel developers a zoning bonus: They (below). Last year, Mr. Maffei would be able to construct came within 3,400 votes of unseat- additional market-rate housing in ing Syracuse-area Republican James exchange for keeping 20% of their Walsh, who outspent him 2-to-1. rental units affordable for the life of The Democratic Congressional the property. So far, however, the Campaign Committee is city is willing to offer only a helping Mr. Maffei level the zoning bonus that would cover financial playing field for half the cost of such a another run in 2008. requirement, concerned that DCCC Chairman Chris developers elsewhere Van Hollen hosted a will demand the same fund-raiser for deal. Mr. Maffei last A spokesman for month in New Mr. Doctoroff says York. I bloomberg news 14 | Crain’s New York Business | June 18, 2007 Project4 5/22/07 12:34 PM Page 1

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WEEK IN REVIEW

January.The agency, which last ECONOMIC SPOTLIGHT week announced that it had allocated $320 million for the development of 2,285 units, has asked Washington for several hundred million dollars more in tax-exempt bond capacity. Warner, Lighty ink partnership warner music group and Violator Management Chief Executive Chris Lighty formed Brand Asset Group, which will help manage and broaden artists’ brands. Mr. Lighty will head the new company (Crain’s, June 4). The venture will not be limited to J.P. Morgan in downtown deal Warner-signed artists. J.P. MORGAN CHASE & CO., led by Chief Executive JAMIE WSJ changeover DIMON (right), struck a deal to build a 1.3 million-square- the wall street journal shuffled its top editorial ranks as foot headquarters on the site of the former Deutsche Bank the Bancroft family, which building. The firm, which will move 7,000 jobs downtown, controls parent Dow Jones & Co., will get more than $200 million in tax incentives from the continued to weigh a $5 billion buyout offer from News Corp.’s city and state. The deal represents one of the most lucrative Rupert Murdoch. Daniel Economy Watch incentive packages ever given, but is smaller than the Hertzberg—the No. 2 newsroom NYC’s unemployment rate stayed below 5% for a 10th month. The 3-month $650 million in breaks that Goldman Sachs received two executive—will take over the rolling average for the most recent period was 4.4%, versus 5% a year earlier. Journal’s European and Asian years ago for the construction of its downtown office tower. editions. APRIL ’07 MAY ’07 COMPARISON bloomberg news NYC jobless rate 4.4% 4.9% 4.5%1 Book publisher NYC employment change -700 +6,300 +31,3002 Spring Awakening Mayor, City Council NY area inflation change +0.6% 3 reassigns top spot +0.5% +2.5% wins 8 Tony Awards in budget accord 1-U.S. unemployment rate. 2-Change since December 2006. 3-Inflation rate for the latest random house Publishing 12-month period. spring awakening, a musical mayor michael bloomberg and Group said that its executive about sexual angst among 19th- the City Council reached a budget editor, Daniel Menaker, is leaving century teens in Germany, won deal for fiscal 2008 that includes a at the end of the month to teach NYC Hotel Stats Broadway’s New Record eight Tony Awards, including the one-year 7% property-tax cut. and focus on his own writing. Kate one for best musical. The Coast of Higher-than-expected tax revenue Medina, executive editorial Average room rates and occupancy Attendance and box-office grosses Utopia, a trilogy about Russian and a strong real estate market led director of the hardcover imprint, levels rose again in March, PKF climbed in the week leading up to intellectuals, set a record for the to a $4.4 billion surplus, and and Jennifer Hershey, editorial Consulting data show. The averages the Tony Awards ceremony on most awards ever won by a play allowed the city to increase the tax director of Random’s imprints, for the year to date were $258.97 6/10. There were 36 shows on with seven. cut from the mayor’s original 5% will split his job. and 82.0%, topping year-earlier Broadway that week, including one proposal. levels of $228.98 and 81.0%. play and one musical in previews. Blackstone payout Saint Vincent CEO the blackstone group co- Bristol-Myers’ saint vincent Catholic Medical founders Stephen Schwarzman guilty plea Centers named New Jersey (below) and Peter Peterson will hospital executive and lawyer reap millions from the firm’s bristol-myers squibb co. Henry Amoroso as its new upcoming initial pleaded guilty to two counts of president and chief executive. Mr. public offering. making false statements to the Amoroso, head of Catholic Mr. Schwarzman, Federal Trade Commission Health and Human Services, must the firm’s chief regarding its botched settlement be approved by a federal executive, can with Apotex Inc., a Canadian bankruptcy court. expect $449 mil- maker of generic drugs, over the lion from the sale blood thinner Plavix. Bristol- Sopranos’ big hit bloomberg news of a portion of his Myers will pay a $1 million fine. equity, while Mr. Peterson, the the sopranos’ finale scored firm’s chairman, will get $1.9 bil- Finance firm IPO heavily for HBO, drawing 11.9 lion. In Washington, D.C., two million viewers—50% more than Capital IQ’s Weekly Deals Report key senators introduced a bill to pzena investment the prior week’s episode. The strip publicly traded partnerships Managements plans to raise as Sopranos debuted in 1999 and TRANSACTION SIZE COMPANY/LOCATION (in millions) BUYER/INVESTOR TRANSACTION TYPE like Blackstone of their favorable much as $150 million through an reached its peak in 2002, when tax treatment. initial public offering.The 13.4 million people tuned in for Medallion Financial Corp. $35.0 Merrill Lynch International GCI Manhattan Manhattan money management the season debut. OpTier Ltd. $15.0 Pitango Venture Capital, Carmel GCI firm handles approximately —from staff reports and Manhattan Ventures, Lightspeed Venture Partners, Dubai buyers $28.5 billion in assets. bloomberg news reports Gemini Israel Funds eyeing Barneys Tasker Products Corp. $2.0 Not disclosed GCI Manhattan barneys new york is close to Affordable MeetMoi $1.5 Acadia Woods Partners GCI being acquired by Dubai’s housing crunch Manhattan Istithmar fund for as much as Blackhawk Capital Group $0.4 Not disclosed GCI $850 million.The Dubai firm and the new york city BDC Inc. Manhattan Barneys’ parent company, Jones Housing Development Apparel Group, are expected to Corp. said that it won’t be Selected deals announced during the week of June 3 for companies headquartered in metro New York. GCI: Growth capital investment represents new money invested in a company for a minori- announce final terms this week. able to issue any more tax-

ty stake. Jones Apparel acquired Barneys exempt bonds for hbo

bekka lindström bekka for $400 million in 2004. affordable housing until LAST SUPPER: 11.9 million people tuned in for finale.

16 | Crain’s New York Business | June 18, 2007 Project4 6/5/07 1:58 PM Page 1

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HEALTH CARE INSIDE LARGEST benefits consulting firms in the New York area PAGE 23 “I realized I needed to devote my life to addressing preventable diseases.” —Sandeep Kishore, medical student, Page 20 NY groups find causes abroad City emerges as center to aid world’s poorest people

the world’s poor, their efforts are BY ELIZABETH MACBRIDE turning New York into a center of the global health movement. WHEN SURGEONS OF HOPE decided “Everything is here: the founda- to set up shop in the United States, tions, the researchers, the United there was never much question Nations,” says Laurie Garrett, sen- about where.The leaders of the Eu- ior fellow for global health at the ropean nonprofit, which brings Council on Foreign Relations, who heart surgeries to children in the de- has called this the “age of generosi- veloping world, figured it would ty” for global health issues. find in New York City the two keys Along with nonprofits, such as to success in the global Surgeons of Hope, that op- health field: money and pas- erate programs in the devel- sion. GLOBAL oping world,New York City It found the first in the HEALTH CARE is also home to a large num- form of a startup grant from ber of research institutions the Central Presbyterian STUDENTS help trying to solve the world’s JILLIAN the neglected Church.It found the second Page 20 health care problems from KIRKPATRICK, in people like Jillian Kirk- the science side. And a a pediatric cardiac nurse patrick. The pediatric car- LABS target growing number of idealis- diac ICU nurse from Mor- global plagues tic medical and public from Morgan Page 22 Stanley gan Stanley Children’s health students in the city Children’s Hospital uses her vacation are taking on the issues of Hospital, used time for aid trips, such as a recent global health care, demanding that recent vacation one to Dakar, Senegal. more attention be paid to develop- time for an aid trip to Dakar, “It made me think, and it made ing countries. Senegal. me learn,” she says. “And I love tak- Experts say that New York City ing care of children with cardiac might become an even greater cen- problems.” ter of global health if nonprofits ac- Surgeons of Hope,which sent its tive in the field worked together first U.S. aid team abroad in 2005, is more. Some look to the mayor, long one of a growing number of New a public health philanthropist, for York City nonprofits pouring re- leadership. sources into global health. As they “There’s a considerable concen-

david neff;david inset by dr. photos michael ushay take aim at the health problems of See NEW YORK on Page 20

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June 18, 2007 | Crain’s New York Business | 19 CNYB 06-18-07 A 20 6/14/2007 2:09 PM Page 1

REPORT HEALTH CARE Med students pick careers to help in the Third World

Kettering. “Malaria is a totally pre- The attention celebrities have Preventable diseases ventable disease. I realized I needed brought to global health issues has in developing nations to devote my life and energy to ad- helped move students,academic ex- dressing preventable diseases in perts say. For instance, Bono, An- a focus; Angelina, Third World countries,” he says. gelina Jolie and Brad Pitt, who nar- Bono bring attention rated Public Broadcasting Service’s Visceral awareness six-hour Rx for Survival: A Global mr. kishore is one of a growing Health Challenge,have lent a sense of BY TINA TRASTER number of medical students seeking urgency. a career in global health. Motivated Dr.Imperato compares the inten- from a young age, Sandeep by what is often a visceral awareness sity of the medical students—many Kishore, the son of two physicians, of poverty and its correlation with of whom are first- or second-genera- knew he would become a doctor. disease and death, they hope to put tion Americans—to that of the young But it took a life- their clinical skills to humanitarian people who were the first members of GLOBAL altering pilgrimage use beyond U.S. borders. the Peace Corps. But, he adds, the to India for this “They really want to help,” says current crop “are more practical.” HEEDING THE CALL: HEALTH CARE Sandeep Kishore was American-born Dr. Pascal Imperato, director of They may just be eager to do motivated when a family suburban college SUNY Downstate’s Master of Pub- good at a time when the image of the friend in India died from kid to look beyond a traditional lic Health program. United States is tarnished in many malaria. medical career. The rising demand has led sever- parts of the world. On a visit to Hydrabad in 2003, al New York City medical schools “The American people like to

a friend of Mr. Kishore’s grandfa- and colleges to add global health think of our country as being the buck ennis ther led him and his parents and programs to their curricula. good guys,” says Maurice Middle- younger brother on a trip to a num- Weill Medical recently estab- berg, vice president for public poli- version of a new AIDS drug could be on neglected diseases. Forty of the ber of holy sights throughout India. lished a Center for Global Health cy at the Global Health Council in made available to South Africans. school’s 100 first-year medical stu- Two days after returning home,they and Infectious Diseases,offering in- Washington,D.C.“There’s nothing Earlier this year, Mr. Kishore, dents have signed up. learned that their guide had suc- terdisciplinary studies that focus on better we can do than save lives.” president of UAEM’s Weill Med- Mr. Kishore concedes that most cumbed to malaria. Family mem- research, training and service in the ical chapter, put together a one-day of the global health work he under- bers had received vaccinations be- developing world. Applications for Becoming a force conference at which students, facul- takes is extracurricular.“I don’t get a fore traveling abroad, but the native Columbia University’s Mailman whatever is driving them,stu- ty, researchers and policy-makers lot of sleep, and my grades have def- Indian had never been vaccinated. School of Public Health’s global dents have become a real force. In talked about how to get universities initely suffered a little,”he says.“But “This was my wake-up call,” says health track, introduced in 2005, 2001, the student-led group Univer- to concentrate on “neglected dis- I feel that addressing global disease Mr. Kishore, now 24 and attending were up 40% this year from 2006. sities Allied for Essential Medicine, eases,” a group that includes sleep- is important—so if I have to invest the M.D.-Ph.D. program offered Applications have also risen for based in New Haven, Conn., suc- ing sickness,lymphatic filariasis and my time and energy and if other jointly by Weill Medical College of SUNY Downstate’s six- to eight- cessfully lobbied Bristol-Myers blinding trachoma. things suffer, it’s worth it.” Cornell University, Rockefeller week overseas service elective, Squibb and Yale University to re- He also organized a five-week, University and Memorial Sloane- which it has offered since 1980. scind drug patents so that a generic nonaccredited evening lecture series COMMENTS? [email protected]

treating more than 150,000 people in Asia and Africa through its Inter- New York groups targeting hard-hit areas national Center for AIDS Care and Treatment Programs,begun in 2004 with money from the U.S. govern- Continued from Page 19 million donation to the Rockefeller ment and foundations. tration here,” says Dr. David Ho, TOP GLOBAL HEALTH GIVERS Brothers Fund. The gift, which will Other programs aim to improve chief executive of the Aaron Dia- address poverty, health and devel- the health infrastructure of develop- Ranked by amounts donated to health causes in 2005. mond AIDS Research Center. “But opment, adds nearly a third to the ing countries.Even in countries dev- who’s going to assemble the masses 1. Bill & Melinda Gates Foundation, WA 6. John D. and Catherine T. MacArthur fund’s endowment and moves into astated by AIDS, the most common and champion the effort? Conceiv- $895 million Foundation, IL the health arena for the first time. causes of death are the most mun- ably the mayor could.” $10.3 million dane health problems:complications 2. The Ford Foundation, NY AIDS was the spur At previous points in its history, $23.9 million 7. The Merck Company Foundation, NJ of pregnancy and childbirth,and res- New York City has been the base of $9.9 million experts trace the surge in global piratory and intestinal infections efforts to improve health care across 3. The Rockefeller Foundation, NY health activism to groups at work on among children. Surgeons of Hope, the world. In the early part of the $22.4 million 8. The Bristol-Myers Squibb the AIDS epidemic. Having won too, wants to leave behind more than Foundation Inc., NY 20th century, New York institutions, 4. The David and Lucile Packard recognition and funds for research it brings. It raises money to establish $9.7 million including the Rockefeller Founda- Foundation, CA in the United States, AIDS activists hospitals and then sends U.S. health tion, helped spread public health $17.9 million 9. ExxonMobil Foundation, TX were horrified to find that lifesaving care workers to train local staff. The ideas. In the 1960s, the Peace Corps 5. The William and Flora Hewlett $9.4 million drugs were not widely available in nonprofit hopes the hospitals even- experience launched a whole genera- Foundation, CA 10. The Starr Foundation, NY the developing world. Many local tually will be self-sustaining. tion into careers in global health, $12.6 million $8.3 million AIDS organizations now have an Of course, New Yorkers who are many with New York nonprofits. TOTAL: $1 BILLION international component. passionate about global health, like Source: The Foundation Center Dr. Ho, a native of Taiwan, led Ms. Kirkpatrick, aren’t driven by ab- Getting more involved the Aaron Diamond AIDS Research stract philosophies. The image that now, spurred by concerns about in- Center to, among other things, es- comes back to her is of 16-month- fectious diseases and enabled by ed 79 “research villages” and is Merck have been global health play- tablish a model program in Yunnan old Esperance, a Senegalese girl who huge sums of money flowing from spending $300,000 a year in each on ers for some time—Merck reaches Province,China,to prevent mother- was born with a big hole between the the United Nations, the U.S. gov- economic, health and education re- 60 million people a year with its pro- to-child transmission of HIV. Dr. chambers of her heart. After it was ernment and the Seattle-based Bill forms, such as deworming the pop- gram to treat river blindness—oth- Ho is one of the world’s leading fixed and she was out of surgery, the & Melinda Gates Foundation,non- ulation and feeding schoolchildren. er New York organizations are just AIDS researchers, but he finds the little girl took off her own oxygen profits and institutions long estab- Dubbed the Millennium Villages entering the field with major com- rewards of helping people outside mask and composedly laid it aside. lished in the field are increasing project, it aims to establish develop- mitments. The Doris Duke Chari- his ivory tower equally gratifying. “She just had her own opinion: their involvement, and smaller non- ment models. table Foundation later this summer “We see the healthy babies,” he says. ‘I’m through with that; I don’t need profits are joining the fight. On a countrywide scale, drug- is set to announce a $100 million Many nonprofits are focusing it anymore,’ ” Ms. Kirkpatrick says. Some of the new efforts are am- maker Merck & Co. has committed African health initiative. new programs on infectious dis- “By doing this repair, we have bitious. The Earth Institute at Co- $56.5 million through 2009 to an David Rockefeller, one of New eases,such as AIDS,malaria and tu- changed her life.” lumbia University, led by famous HIV/AIDS campaign in Botswana. York City’s most prominent philan- berculosis. Columbia University’s economist Jeffrey Sachs, has select- While the Earth Institute and thropists,in 2006 announced a $225 Mailman School of Public Health is COMMENTS? [email protected]

20 | Crain’s New York Business | June 18, 2007 Project11 3/22/07 3:26 PM Page 1 CNYB 06-18-07 A 22 6/14/2007 2:16 PM Page 1

REPORT Labs target

How an orthopedic giant keeps global plagues side Heights area of Manhattan were setting the pace. AIDS, tuberculosis, roughly three times more likely to malaria are priorities; suffer from Alzheimer’s disease than seniors in other ethnic groups. With benefits for NYC the help of researchers in Boston and “Biomet is pleased to undertake this expansion in Indiana. The Toronto,Dr.Mayeux collected blood commitment and cooperation from both the Indiana Economic BY TOMMY FERNANDEZ samples and other data from thou- Development Corporation and Kosciusko County, the low cost sands of people here as well as in the of doing business in Indiana and the high-quality and dedicated malaria was eradicated from the Dominican Republic.The teams iso- United States in 1951, but the dis- lated a gene that,when mutated,pro- workforce made Indiana the best location for this expansion.” ease is alive and well in the New duces a toxic protein. —Jeffrey R. Binder, Biomet president and CEO York City area, where researchers “This is a critical piece of the puz- are looking for zle for Alzheimer’s disease,” says Dr. GLOBAL ways to reduce its Mayeux, co-director of the Taub In- death toll in the de- stitute for Research on Alzheimer’s HEALTH CARE veloping world. Disease and the Aging Brain. Up in the Pal- Not all global health research isades, a group is looking at how the takes place in laboratories.Doctors at latest in climate forecast technology Bellevue Hospital have treated 1,500 might predict when a rainy season survivors of torture over the past 11 will increase risks in Africa. Down years, providing new information on on the campus of New York Univer- post-traumatic stress disorder. That sity,researchers recently developed a research has benefited the victims of malaria vaccine that is now being the Sept. 11 attacks, among others. tested in Mozambique. Funding global health research is Malaria is just one of the global health issues under study in labs and universities across the city.The city’s REACHING OUT health care institutions are at the Local institutions that have global leading edge of research into many research initiatives. of the diseases that shorten lives in the developing world, including Aaron Diamond AIDS Research AIDS, tuberculosis and malaria. Center Surprisingly, researchers often International AIDS Vaccine Initiative find that their work on health care in New York University the developing world or with immi- AIDS vaccine research* grant communities, which are con- Albert Einstein School of Medicine sidered part of the field, provides Treatment of drug-resistant tuberculosis in broader benefits. Chief among them HIV patients is reducing the risk of worldwide epi- The Earth Institute at Columbia demics. A single sick passenger, like Research on health impact of elevated the Atlanta lawyer who recently flew arsenic levels in groundwater in the to Europe while infected with tuber- United States and Bangladesh. culosis, could wreak havoc. International Research Institute “Due to the HIV pandemic, we for Climate and Society Research into how climate change pre- are more aware that everything is dicts risk of infectious diseases connected,” says Dr. Karen Day, di- *In 2006, the Gates Foundation made 11 large rector of NYU’s Institute for Urban grants for AIDS vaccine research. Three went to and Global Health.“Global health is institutions in New York City. now of utmost importance for a city like New York.” a perpetual problem. Most research Collaborative work money in the United States is spent much of the research is done in on illnesses that affect people in this collaboration with scientists in other country. But academics and Wall countries.For instance,researchers at Street investors are starting to court the Albert Einstein School of Medi- each other to raise more funds and cine in the Bronx are working with ex- launch public-private partnerships. perts from the University of KwaZu- With such partnerships,drug manu- lu-Natal in South Africa to find ways facturers can team up with academic to treat drug-resistant tuberculosis in institutions and have first dibs on South African AIDS patients. marketing new drugs in return for “Good science can’t have any bor- funds for research and testing. ders,” says Dr. Jill O’Donnell, execu- Observers point to the malaria tive director of the Cancer Research vaccine developed at NYU as an ex- Institute, a Manhattan-based re- ample of a funding model. After search group that is leading a global NYU researcher Dr. Ruth Nussen- cancer vaccine project in 23 sites in 10 weig developed the vaccine, NYU countries around the world. donated the rights to the World New York has become a hotbed Health Organization, which in turn of global health science in part be- gave them to GlaxoSmithKline. cause its large and diverse immi- “Pathogens like malaria are con- grant community brings some issues stantly evolving,so there is never one closer to these top scientists. final cure,” says Dr. Day.“We always For instance, 12 years ago, Dr. need to fund more research to keep Richard Mayeux of Columbia Uni- fighting infectious diseases.” versity Medical Center noticed that www.iedc.in.gov elderly Dominicans in the Morning- COMMENTS? [email protected] nb25p23.qxp 6/14/2007 7:19 PM Page 1

REPORT HEALTH CARE

MORE PROFESSIONALS, LESS OUTSOURCING ADVICE EDGING UP The number of area professionals employed by the top 25 firms grew collectively by 2.1% last year to 4,217. MIXED RESULTS At 13 firms, the professional head count increased, while it dropped at seven and remained flat at five. OFFERINGS All 25 firms reported selling retirement plan services. Outsourcing advice was the least common service, offered by 15 firms. bekka lindström bekka NY Area’s Largest Benefits Consulting Firms Ranked by number of area professionals

Services (% of each)

2 New York area Firmwide professionals professionals % of Head of NY office/ clients in 1 1 1 1 echnology Rank Firm Phone/Web site 2006 2005 2006 2005 Administrativeconsulting Benefitsadministration CommunicationsCompensationconsulting Humanconsulting resources Outsourcing Retirement/savings plansT consulting Welfareconsulting plan NY area Compensation Deloitte & Touche USA David Rudini 520 495 1,640 1,450 5% 5% 10% 35% 20% 15% 10% 80% By project, fixed fees, hourly 25 Broadway Human capital lead, Northeast rates 1 New York, NY 10004 (212) 436-2000/www.deloitte.com/us Mercer Human Resource Robert H. Shannon 390 362 13,955 13,754 aaaaaaaaa n/a By project, commissions, Consulting Office leader fixed fees, hourly rates, 2 1166 Sixth Ave. (212) 345-7000/www.mercerhr.com retainer New York, NY 10036 Buck Consultants Michael T. Horton 385 382 2,000 2,000 aaaaaaaaa n/a By project, commissions, 1 Penn Plaza Managing director, New York metro region fixed fees, hourly rates 3 New York, NY 10119 (212) 330-1000/www.buckconsultants.com Towers Perrin Leon Potgieter 318 287 4,239 4,016 aaa aaan/a By project, fixed fees, hourly 335 Madison Ave. New York market manager rates, retainer 4 New York, NY 10017 (212) 309-3400/www.towersperrin.com Aon Consulting Inc. Stephen McGivney 311 336 6,500 6,800 aaaaaaa a n/a By project, commissions, 199 Water St. Executive vice president hourly rates, retainer 5 New York, NY 10038 (212) 441-2000/www.aon.com USI Holdings Michael S. Grant 237 237 3,100 3,100 5% 5% 5% 40% 45% 90% By project, commissions, 470 Park Ave. South President, USI NY fixed fees, hourly rates 6 New York, NY 10016 (212) 842-3400/www.usi.biz National Financial Partners Corp. Jessica M. Bibliowicz 225 183 n/a n/a aaaaaaaaa n/a By project, commissions, 787 Seventh Ave. President, chief executive and chairman fixed fees, hourly rates, 7 New York, NY 10019 (212) 301-4000/www.nfp.com retainer Segal Co. Jonathan A. Parker, Dan Fries 220 213 591 586 aaaaaaa36% By project, hourly rates, 1 Park Ave. Senior vice presidents retainer 8 New York, NY 10016 (212) 251-5000/www.segalco.com Westminster U.S.A. Ltd. Craig A. Miller 215 229 215 229 5% 10% 4% 17% 12% 8% 20% 4% 20% 70% By project, fixed fees, hourly 4 West Red Oak Lane President rates, retainer 9 White Plains, NY 10604 (914) 697-5000/None Watson Wyatt Worldwide Craig Adams 208 240 6,000 4,800 aaaaaaa 75% By project, commissions, 875 Third Ave. Managing consultant fixed fees, hourly rates, 10 New York, NY 10022 (212) 725-7550/www.watsonwyatt.com retainer Manchester Benefits Group Inc. Gregory F. Martin 152 146 152 146 aaaaaaaaa75% By project, commissions, 310 E. 44th St. President fixed fees, hourly rates, 11 New York, NY 10017 (212) 986-9339/www.manchester-bg.com retainer PricewaterhouseCoopers Stephen P. Heindel 150 150 5,000 5,000 aaaaa aaa n/a By project, fixed fees, hourly 300 Madison Ave. Principal rates 12 New York, NY 10017 (646) 471-3000/www.pwc.com/us/hrs NIA Group Steven L. Grossberg 115 118 405 361 5% 5% 5% 5% 25% 5% 50% 75% By project, commissions, 521 Fifth Ave. President retainer 13 New York, NY 10175 (212) 867-0070/www.niagroup.com Geller Group 3 Sheldon M. Geller 95 95 95 95 95% 5% 85% By project, commissions, 462 Seventh Ave. President fixed fees, hourly rates, 14 New York, NY 10018 (212) 268-5700/www.gellergroup.com retainer Milliman Inc. John Ehrhardt 93 91 1,600 1,500 aaaaaaaaa n/a By project, fixed fees, hourly 1 Penn Plaza Principal and consulting actuary rates, retainer 15 New York, NY 10119 (646) 473-3000/www.milliman.com Chernoff Diamond & Co. Alexander A. Chernoff 81 71 81 71 1% 1% 3% 6% 4% 39% 2% 44% 63% By project, commissions, 990 Stewart Ave. President fixed fees, hourly rates, 16 Garden City, NY 11530 (516) 683-6100/www.chernoffdiamond.com retainer

Continued

June 18, 2007 | Crain’s New York Business | 23 nb25p24.qxp 6/14/2007 7:21 PM Page 1

REPORT HEALTH CARE

Services (% of each)

2 New York area Firmwide professionals professionals % of Head of NY office/ clients in 1 1 1 1 echnology Rank Firm Phone/Web site 2006 2005 2006 2005 Administrativeconsulting Benefitsadministration CommunicationsCompensationconsulting Humanconsulting resources Outsourcing Retirement/savings plansT consulting Welfareconsulting plan NY area Compensation Schloss & Co. Eugene Schloss 70 70 70 70 45% 5% 45% 5% 80% By project, commissions, 1400 Old Country Road President fixed fees, hourly rates, 17 Westbury, NY 11590 (516) 333-2800/www.benefitstreet.com retainer United Benefit Consulting Inc. Susan Sajiun-Fitzharris 68 59 68 59 aaaaaaaa 85% By project, commissions, 260 Middle Country Road President fixed fees, hourly rates 18 Smithtown, NY 11787 (631) 780-3333/www.ubcins.com Gallagher Benefit Services Inc. Kent E. Lonsdale 60 70 895 806 aaaaaaan/a By project, commissions, 770 Lexington Ave. Executive vice president fixed fees, retainer 19 New York, NY 10021 (212) 755-0800/www.gallagherbenefits.com C&B Consulting Group James P. Buonfiglio 56 48 56 48 aaaaaaaaa98% By project, commissions, 485 Underhill Blvd. President fixed fees 20 Syosset, NY 11791 (516) 333-8787/www.candbconsulting.com HUB International Northeast Thomas Mangan 54 42 270 220 85% 1% 4% 2% 8% 80% By project, commissions, 1065 Sixth Ave. President, employee benefits division fixed fees, hourly rates, 21 New York, NY 10018 (212) 338-2000/www.hubinternational.com retainer Hay Group John Larrere 50 60 990 989 10% 10% 40% 20% 20% 30% By project, fixed fees, hourly 300 Plaza Ten Vice president and general manager rates, retainer 22 Jersey City, NJ 07311 (201) 557-8400/www.haygroup.com Retirement System Group Inc. Peter Del Col 50 55 59 62 aaa aa an/a By project, commissions, 150 E. 42nd St. President, chief executive fixed fees, hourly rates 22 New York, NY 10017 (212) 503-0100/www.rsgroup.com Travers O’Keefe Richard A. Travers 50 50 56 53 5% 8% 3% 5% 5% 4% 5% 65% 70% By project, commissions, 11 Hanover Square Chief executive fixed fees, hourly rates, 22 New York, NY 10005 (212) 742-7900/www.travers-okeefe.com retainer Thesco Benefits Richard J. Fleder 44 40 49 40 3% 6% 91% 91% By project, commissions, 320 W. 57th St. Chief executive fixed fees, hourly rates, 25 New York, NY 10019 (212) 603-0372/www.thesco.com retainer

New York area includes New York City and Nassau,Suffolk and Westchester counties in New York, and Bergen, Essex, Hudson andUnion counties in New Jersey. Crain’s New York Business uses staff research, extensivesurveys and the most current references available to produce its lists, but there is noguarantee that the listings are complete. Toqualify for thislist, firms must havean office in the New York area. 56 firms were contacted for thislist. All information was supplied by the firms. In case of tied figures, companies are listed alphabetically under the same ranking number. n/a Not available.Signifies that a company offers consulting services in that category. 1-Full-time andfull-time-equivalent professionals as of Dec. 31. Number does not include secretarial, clerical or back-office employees. 2-Includes executive plans. 3-A member of Focus Financial Partners. Research: Denise Southwood, Adrianne Pasquarelli and Sarah Studley

Small Business jor chance and hired Maureen Kel- AT A GLANCE ly, an amateur performer with 15 years’ experience working with For- PERFORMANCE tune 500 companies as a manage- Acting school stages rebirth ment consultant. POAL had OF A LIFETIME worked with her briefly in 2000, but rehired her in 2003 as the company’s BIGGEST PROJECT Ran a series business translator. as a trainer of executives of sessions around the world for “She would sit in on conference top executives of large account- calls and repeat what our client was tomized to the client’s needs and ness acronyms. Booz Allen partners ing firm saying in words that we could un- Performance costing as much as $25,000 for a then acted out the parts in front of TAB $500,000 derstand,” says Mr. Nackman. of a Lifetime offers one-day session, POAL brought in an audience of their peers. SMALLEST PROJECT Ran With the lines of communica- revenues of nearly $2 million last The classes were so successful tion open, POAL cracked the cor- individual presentation-coaching live-action problem- year—up 25% from 2005. that POAL was asked to craft simi- porate market, impressing clients program for trial attorney Two years ago, in one of its lar sketches for the consultant’s with how much time the company solving, wins clients largest projects to date, POAL be- London and Washington, D.C., TAB $400 was willing to spend learning their gan working with Booz Allen partners. To date, nearly half of business and then crafting specific BY SHARON CLEARY Hamilton’s New York office. The Booz Allen’s partners around the sketches that allow even the most project was designed to help the world have attended the program. customers vanished, and the com- senior managers to learn by doing. leven years ago,Per- consulting firm’s senior partners, “People know what they’re sup- pany had to lay off all seven staffers. “Telling someone to stop talking formance of a Lifetime most of whom are men,become bet- posed to do in a given situation, but Using a successful project for and start listening does not work,’” got off to a fast start in a ter mentors to less-senior women they don’t do it,” says Ms. Bohara. Thomson Financial as a toehold, says Lisa Vertucci, managing direc- sprawling SoHo loft. partners. “POAL is a way to learn by doing.” the duo began pitching theater tor of talent management at The school offered a Over the years, POAL itself has workshops to a mainstream corpo- Lehman Brothers, a client since Emix of classes in acting, singing, po- Learning to help others had to do a lot of learning. The first rate audience. 2005. “By participating in a role- etry and improvisation, which were “we are in a hypercompetitive hurdle in making the transition to playing exercise, the individual is fun, interesting and well-attended. sector with long hours, lots of trav- corporate trainer was gearing class- Taking another chance able to identify areas in need of de- They just weren’t bringing in el, and that has all sorts of conse- es not simply to a business clientele but grasping the culture and velopment firsthand, which is much enough income to cover POAL’s quences for women’s work-life bal- but to a new purpose. It all began vocabulary of old-line customers more effective.” overhead. ance,” says Ann Bohara, a senior with a sales call. proved to be difficult.To bridge that Instead of closing the place manager for diversity and inclusion “I asked potential clients if I gap, the founders took another ma- COMMENTS? [email protected] down, in 1997 founders Cathy Salit at Booz Allen.“We want mentors to could speak to their bosses and and David Nackman took a chance. learn how to help someone whose arranged meetings,” says Ms. Salit, At the suggestion of several of their experience at the firm may not be who has a background in education REPRINT, POST PUBLISHED ARTICLES students,the duo took their skills on like theirs.” and performance, and whose part- the road. They began offering To help them do just that, Mr. ner has a background in theater. At courses using role-playing, acting Nackman and Ms. Salit spent al- those meetings, she explained that REPRINTS FROM CRAIN’S and improvisation to help local most five months writing sketches many companies used role-playing CRAIN’S NEW YORK BUSINESS offers reprints of the articles it publishes. For companies train their staff in every- that illustrated potential misunder- to help solve problems and offered an estimate, please contact Lori Noffz at Reprint Management Services, thing from public speaking to team standings between Booz Allen to create programs geared to their (717) 399-1900, ext. 104, or [email protected]. building. mentors and staffers. To make the needs. Readers wishing to make their own reprints or to post a story on a Today, the company boasts 25 scripts believable, they interviewed By 2000,POAL had garnered 10 Web site must pay $350 for the use of the Crain’s copyright; the fee for active clients—including several partners to get a feel for consultants’ clients, mostly young dot-coms nonprofits is $195. Contact Jill Bottomley at Crain’s New York Business, large banks and corporations—sev- language. The duo also prepared open to new approaches to learning. (212) 210-0282. en full-time staffers and 66 part- background stories for each charac- When the dot-com bubble burst the time instructors. With classes cus- ter and kept a running list of busi- following year, the bulk of POAL’s

24 | Crain’s New York Business | June 18, 2007 CNYB 06-18-07 A 25 6/14/2007 2:19 PM Page 1

REAL ESTATE DEALS Sky-high rents at midtown trophies

fice towers are considered tro- used to promote vacation packages resented Trireme. Average hits $104 phies—defined as buildings that and services for the company’s paid Both of the new leases expire in per square foot; have been constructed or had signif- affiliates,and travelers will be able to 2014—the same year that the lease icant renovations since 1985, are in book luxury trips in the shop. The of anchor tenant U.S. Trust Corp., vacation-services high-profile locations and have rec- space will have a kitchen area where which occupies 365,000 square feet store books space ognized tenants and/or architectur- hotel chefs will give demonstrations. of the 575,000-square-foot build- al significance. Landlord New Millennium Es- ing, is set to end. Most of the other In the first four months of the tates tried to lure a luxury fashion tenants’ leases will have also ex- he average asking rent year, there were 34 deals with rents house to the space, which is close to pired, leading some insiders to for a trophy building in starting at $80 a square foot and 12 Fifth Avenue’s high-profile retail speculate that Durst may vacate and midtown Manhattan deals with rents starting at more corridor. In the end, the deal with renovate the building. Further- has reached $104 a than $100 a square foot, according Relais & Châteaux, an unconven- more, Bank of America, the anchor square foot, according to to the report. tional retail tenant, fit better with tenant of another Durst-owned Ta market report issued last week by By 2012, asking rents for trophy the store’s relatively small size, says building, at 1 Bryant Park, acquired brokerage firm Jones Lang LaSalle. buildings could reach $180 a square Jim Frederick,a principal at Colliers U.S.Trust last year and may want to The survey,based on leasing activity foot in midtown and break the ABR Inc., which represented the consolidate the wealth manage- during the first four months of 2007 $100-a-square-foot barrier down- owner in the deal. ment firm’s operations. 1384 BROADWAY will house L’Koral. at the 58 most exclusive commercial town, Mr. Delmonte says. “It’s a very big step up—it wasn’t “It is entirely too premature” to towers in midtown and downtown, A scarcity of trophy space is driv- one of FedEx’s prettiest sites,”he says. make a decision on the building’s fu- concluded that there is no end in ing the rents up. Corcoran Group Real Estate ne- ture, says Eric Engelhardt, a broker rooms, design studios and offices. sight for sky-high rents. The only two buildings sched- gotiated the deal on Relais & for Durst, who worked on the The building’s landlord was hap- Last fall, Jones Lang LaSalle re- uled to open in the next year—The Châteaux’s behalf. The asking rent Trireme Systems lease. py to land the deal with L’Koral, be- ported midtown trophy rents at $93 New York Times Co. headquarters was $113 per square foot for the —julie satow cause of the company’s success with at 620 Eighth Ave. and the Bank of ground floor. Seven for All Mankind,which it has America Tower at 1 Bryant Park— —elisabeth butler since spun off, and other fashion PRICEY PLACES are almost fully preleased. Among Fashion firm brands such as LaROK. other midtown towers under con- “We thought they’d be a nice at- Highest average asking rents in 2 leases fill up hits Broadway midtown. struction are the 1.4 million- traction for other tenants in the fu- Rent per square-foot 1095 Sixth Ave., where U.S. Trust tower the company that birthed the pop- ture,” says Manny Syskrot, the Building square foot MetLife has already preleased ular denim brand Seven for All Helmsley-Spear Inc. broker who 400,000 square feet and law firm two new leases have brought the Mankind is embarking on a new ven- negotiated the deal on behalf of the 1 Bryant Park $150 Dechert has taken 200,000 square U.S.Trust Building at 114 W. 47th St. ture in the fashion district. L’Koral building owner,The Chetrit Group. 375 Park Ave. $150 feet, and SJP Properties’ 1 million- to full occupancy. Law firm Axinn Industries Inc. has partnered with L’Koral chose the building, square-foot 11 Times Square, Veltrop & Harkrider has leased Mary-Kate and Ashley Olsen to which has recently undergone reno- 9 W. 57th St. $148 which isn’t expected to be ready for 34,000 square feet on the entire launch a contemporary sportswear vations,because it offers a high-pro- 767 Fifth Ave. $145 occupancy until fall 2009. 22nd floor and part of the 24th floor, line called Elizabeth & James this fall. file spot on Broadway, says Marc 545 Madison Ave. $135 “Manhattan is one of the least ac- and data management firm Trireme To accommodate its new busi- Schoen, the Hunter Realty Organi- tive producers of new office space,” Systems has leased 5,700 square feet ness, L’Koral has signed a 9,000- zation broker who represented the 660 Madison Ave. $135 Mr. Delmonte says. Over the next on the 17th floor.The asking rent at square-foot lease at 1384 Broadway, tenant in the deal.The asking rent is Source: Jones Lang LaSalle five years,modest growth will absorb the building,between Sixth and Sev- between West 37th and West 38th about $42 per square foot. all of the space that is currently avail- enth avenues, is $75 a square foot. streets.The space will include show- —elisabeth butler able or under construction. Axinn Veltrop & Harkrider will a square foot. —julie satow relocate from 15,000 square feet at “Historically, Manhattan has 1370 Sixth Ave. in November. never seen rents like this,” says “They liked the amenities, includ- TOP LEASES, SALES IN FIRST-HALF 2007 James Delmonte, research director Hotel group ing conference facilities, a cafeteria, at Jones Lang LaSalle and the re- checks in on 53rd an elegant lobby and good owner- COSTAR SEEKS INFO ON REAL ESTATE DEALS port’s author.“Over the next year or ship,” says Benjamin Kahr, the bro- COSTAR GROUP INC. is compiling data for two lists covering the New York two, little new supply is coming on relais & châteaux association, ker at JDF Realty Inc. who repre- real estate market in the first half of 2007. The first is a list of the largest line,so rents will continue to climb.” an organization that links upscale, sented the tenant. office-leasing deals in Manhattan, ranked by square feet; the second is a list Two recent transactions illus- independent hotels and restaurants “Axinn Veltrop & Harkrider will of the largest commercial property sales in the five boroughs, ranked by deal trate the trend: BSL Capital Inc.’s around the world,is opening its first be a complement to our roster of price. The list of sales will include office building, apartment building, hotel 667 10 E. 53rd St. lease for 8,500 square feet at store at , between Fifth tenants,” says John Grotto, a broker and development site transactions. Madison Ave. , at East 61st Street, for and Madison avenues. at landlord The Durst Organiza- Both rankings will be published in Crain’s New York Business on July 30. a rent of $155 a square foot; and Relais & Châteaux signed a 10- tion, who handled both deals. Brokers and others with information on transactions that could qualify for CVC Capital Partners’ lease for year deal for the 2,200-square-foot Trireme Systems is relocating either list should phone Marcie Wallis of CoStar at (866) 398-9381, or e-mail 9,700 square feet at 712 Fifth Ave.,at location, which formerly housed a from a space it shared with another Friday, June 29 the corner of West 56th Street, for a FedEx Kinko’s store.When it opens tenant at 901 Third Ave. Michael her at [email protected], by . rent of $140 a square foot. Both of- in the fall,the renovated space will be Gottleib of Grubb & Ellis Co. rep- CFOs. and charges. Based on round trip purchase, excluding taxes Please see the bottom line. *

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June 18, 2007 | Crain’s New York Business | 25 nb25p26_27_28cls.qxp 6/14/07 12:04 PM Page 26

BOOKKEEPING SERVICES EXECUTIVE RECRUITER REAL ESTATE PUBLIC & LEGAL POSITION AVAILABLE REAL ESTATE INVESTMENTS NOTICES HNTB Corporation seeks MTA-qualified MBE/WBE firms to Notice of Formation of Birsel + Seck LLC. perform work on railroad signal Arts. of Org. filed with Secy. of State of NY engineering and design projects. (SSNY) on 6/3/04. Office location: NY Co. SSNY designated as agent of LLC upon Firms and their employees must whom process against it may be served. BUSINESS SERVICES have a minimum of 15 years SSNY shall mail process to: The LLC, 333 experience in railroad signal design West 39th St., Ste 501, NY, NY 10018. and checking for Class 1 railroads Purpose: any lawful activities. or comparable transit systems. Employees must have a B.S. Notice of Appl. for Auth. 325 Savanna LLC a degree in electrical engineering, foreign limited liability company (LLC). Appl. for Auth. filed with Secy. of State of or equivalent. Work will include NY (SSNY) on 12/18/06. LLC organized in designing and checking detailed DE on 11/16/00. NY office location: New signal circuits, vital and nonvital York County. SSNY designated as agent of processor software, cable plans, the LLC upon whom process against it may routing plans, and the plans, be served. SSNY shall mail copy of process specifications, and bills of materials to: c/o The LLC, 10 East 53rd Street, 37th To place your classified for procurement of signal cases Flr., New York, NY 10022. Office address of and equipment. LLC in jurisdiction of organization: c/o ad call John Gallagher National Registered Agents, Inc., 160 Firms meeting these needs should Greentree Drive Suite 101, Dover, DE 19904. e-mail their qualifications to: A copy of the Cert. of Form. is on file with @ 212-210-0189 [email protected] State of Delaware, Division of Corporation, 401 Federal Street, Ste. 4, Dover, DE 19901. RELOCATION SERVICES Purpose: Any lawful act or activity. Notice of Formation of M&M Pictures, LLC. Arts. of Org. filed with NY Dept. of State on 5/14/07. Office location: NY County. Secy. of State designated as agent of LLC upon whom process against it may be served and shall mail process to: 19 Greenwich St., #5B, NY, NY 10014, principal business address of the LLC. Purpose: any lawful activity.

REAL ESTATE INVESTMENTS Notice of Formation of Carnegie Hill Cardiology, PLLC. Arts. of Org. filed with LUXURY Secy. of State of NY (SSNY) on 10/11/06. 15-YR ABSOLUTE Office location: NY Co. SSNY designated as NNN INVESTMENTS agent of LLC upon whom process against it PROPERTIES may be served. SSNY shall mail process to: The LLC, 162 East 95th Street, NY, NY 10128. REAL ESTATE Purpose: any lawful activities. • C-Store Gas Station Portfolios MIAMI BEACH/FLORIDA • $6M to $130M throughout US COMMERCIAL/OHIO Notice of Qualification of Axton Owner LLC. • Publicly Traded Credit Rated Tenant TRUMP OCEANFRONT CONDOS Authority filed with Secy. of State of NY • Financing Available OWN YOUR LUXURY CONDO TODAY! (SSNY) on 1/22/07. Office location: NY • 1031 Exchange Replacements TRUMP GRANDE & TRUMP TOWERS County. LLC formed in Delaware (DE) on Buy directly from the Developer & Save $$ 1/3/07. SSNY designated as agent of LLC www.c-storeportfolios.com Furnished Condo Hotel units from $325k upon whom process against it may be 1-4 Bedrm Residential Condos from $875k served. SSNY shall mail process to: c/o Ask for details on our FLY-BUY Program National Registered Agents, Inc., 875 Ave of Call Exclusively Baronoff 305.213.3606 the Americas, Ste 501, NY, NY 10001, also registered agent. Address required to be maintained in DE: 160 Greentree Dr., Ste 101, Dover, DE 19904. Arts. of Org. filed with DE Secy. Of State, 401 Federal St., Ste 4., Dover, PUBLIC & LEGAL NOTICES DE 19901. Purpose: any lawful activities.

Notice of Formation of Electric Media LINEN CHATEAU, LLC Articles of Org. filed NY Notice of Qualification of Block by Block, Solutions, LLC. Arts. of Org. filed with Secy. Sec. of State (SSNY) 5/2/07. Office in New LLC., fict name of Brantley Block by Block, of State of N.Y. (SSNY) on 2/23/07. Office York Co. SSNY desig. agent of LLC upon LLC Authority filed with Secy. of State of location: NY County. SSNY designated as whom process may be served. SSNY shall NY (SSNY) on 2/27/07. Office location: NY agent of LLC upon whom process against it mail copy of process to c/o Lazarus & Lazarus, County. LLC formed in Kentucky (KY) on may be served. SSNY shall mail process to: P.C., 240 Madison Ave., 8th Fl., NY, NY 10016. 12/27/06. SSNY designated as agent of LLC 230 W. 41st St., #1100, NY, NY 10036, Attn: Purpose: Any lawful purpose. upon whom process against it may be served. Marc Schiller. Purpose: any lawful activity. SSNY shall mail process to: the LLC, 875 Ave. Name of LLC: Securities Acquisition Company of the Americas, Ste. 501, NY, NY 10001. Notice of Qualification of Envirotech LLC. Arts. of Org. filed NY Sec. of State Address of LLC in jurisdiction of formation: Consultants LLC. Authority filed with Secy. 3/21/07. Princ. off. loc.: New York Cty. Sec. of 1325 S. 4th St, Louisville, KY 40208. Arts. of of State of N.Y. (SSNY) on 4/26/07. Office State designated as agent of LLC upon whom Org. filed with Secy. of State of KY, 700 location: NY County. LLC formed in New process against it may be served. Sec. of State Capital Ave, Ste 152, Frankfort, KY 40601. Jersey (NJ) on 12/21/06. SSNY designated shall mail a copy of process to Gersten Savage Purpose: any lawful activities. as agent of LLC upon whom process against LLP, 600 Lexington Ave., 9th Fl., NY, NY 10022. it may be served. SSNY shall mail process Purpose: any lawful activity. Notice of Qualification of Blue Opportunity to: 201 S. First St., Elizabeth, NJ 07206, NJ Fund, L.P. Authority filed with Secy. of State address of LLC. Arts. of Org. filed with NJ Notice of Qualification of Tiedemann/Moross of NY (SSNY) on 3/12/07. Office location: NY Secy. of State, PO Box 300, Trenton, NJ Partners, LLC, App. for Auth. filed Sec'y of County. LP formed in Delaware (DE) on 2/7/07. 08625. Purpose: any lawful activity. State (SSNY) 2/16/06. Office location: NY SSNY designated as agent of LP upon whom County. LLC org. in DE 1/19/06. SSNY process against it may be served. SSNY shall Notice of Formation of MEDPREP CONSULTING designated as agent of LLC upon whom mail process to: c/o National Registered Agents, OFFICE SPACE GROUP, LLC. Arts. of Org. filed with Secy. process against it may be served. SSNY Inc., 875 Avenue of the Americas., Ste. 501, NY, of State of N.Y. (SSNY) on 1/25/07 as shall mail copy of process to 535 Madison NY 10001, also registered agent. DE address of amended. Office location: NY County. SSNY Ave., 37th Fl., NY, NY 10022. DE office addr.: LP: 160 Greentree Dr., St 101, Dover, DE IMMEDIATE OFFICE SPACE designated as agent of LLC upon whom c/o CSC, 2711 Centerville Rd., Wilmington, 19901. Name/address of genl. ptr. available Space by the day, week, month, year and even virtual. process against it may be served. SSNY DE 19808. Cert. of Form. on file: SSDE, from SSNY. Cert. of LP filed with DE Secy. shall mail process to: Stuart B. Weiss, 160 Townsend Bldg., Dover, DE 19901. Purpose: of State, Federal & Duke of York Sts., Dover, 212.573.0909 W. 71st St., #8E, NY, NY 10023. Purpose: any lawful activities. DE 19901. Purpose: any lawful activities. VornadoFurnishedOffices.com any lawful activity. A Notice of Qualification of AIMCO 204-206 Notice of Qualification of Screen Media Films, 90 Park 909 Third 330 Madison 770 Broadway COMPANY Notice of App. for Auth. for LLC. Name: West 133 Net Lessee, LLC. Authority filed with LLC. Authority filed with NY Sec. of State EMPIRE 33RD ST. LLC Filed Sec. of State of Secy. of State of N.Y. (SSNY) on 5/11/07. (SSNY) 6/25/04.Juris. of org: Delaware (DE) OFFICE SPACE NY (SSNY) 3/13/07. Juris.: DE. Org: 3/8/07. Office location: NY County. LLC formed in filed: 1/15/02 NY off. loc. in NY Co. SSNY Advertise on Off. Loc: NY. SSNY is designated as agent of Delaware (DE) on 5/10/07. SSNY designated designated as agent of LLC upon whom LLC upon process against it may be served. as agent of LLC upon whom process against it process may be served. SSNY shall mail copy 212-947-5500 www.newyorkbusiness.com SSNY shall mail copy of process to THE LLC may be served. SSNY shall mail process to: of process to: c/o Pavia & Harcourt LLP, Attn: c/o Corporation Service Company (CSC), 80 John R. Firestone, Esq., 600 Madison Ave, 12 FOR ALL OFFICE, RETAIL & LOFT SPACES C/O Nyre Associates, 58 East 79th. St., 5th Flr., NY, NY 10021. Juris. Off 508 Main Street, State St., Albany, NY 12207. DE address of Fl. NY, NY 10022. LLC address in DE: 2711 New York City, Brooklyn, Queens Call John Gallagher Wilmington, DE 19804. Copy of the art. filed LLC: c/o CSC, 2711 Centerville Road, Ste. 400, Centerville Rd., Ste. 400, Wilmington, DE 500–50,000 SF 19808. Arts of org. on file with SSDE, Div of UNDER MARKET SUBLETS – NO FEE! with DE Secretary of State, Townsend Build., Wilmington, DE 19808. Arts. of Org. filed with Corps, 401 Federal St. Ste 4, Dover, DE 19901 Search our listings @ www.midcomre.com @ 212-210-0189 Federal Street Dover, DE 19901. Purpose: Any DE Secy. of State, 401 Federal St., Dover, DE Call Paul 212 947-5500 x 100 lawful act or activity. 19901. Purpose: any lawful activity. Purpose: Any lawful purpose.

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PUBLIC & LEGAL NOTICES

Notice of Formation of Brilliant Trading Notice of Formation of BETAVILLE, LLC, a 15TH STREET LLC Articles of Org. filed NY Notice of Qualification of ETI Partners, LLC, Notice of formation of Molly Picu, LLC. Company, LLC. Arts. of Org. filed with Secy. of domestic Limited Liability Company. Arts. of Sec. of State (SSNY) 9/12/03. Office in New App. for Auth. filed Sec'y of State (SSNY) Arts. of Org filed with Secty. Of State of NY State of N.Y. (SSNY) on 5/27/2004. Office Org. filed with the SSNY on 02/01/07. Office York Co. SSNY desig. agent of LLC upon 7/22/04. Office location: NY County. LLC org. (SSNY) on 5/9/2007. Office location: New location: NY County. Principal business location: New York County. SSNY has been whom process may be served. SSNY shall in DE 7/21/04. SSNY designated as agent of York County. SSNY designated as agent of location: 580 Fifth Ave., Ste. 800, NY, NY designated as agent upon whom process mail copy of process to c/o Leahy & LLC upon whom process against it may be LLC upon whom process against it may be 10036. SSNY designated as agent of LLC against the LLC may be served. SSNY shall Johnson, P.C., 120 Wall St., NY, NY 10005. served. SSNY shall mail copy of process to served. SSNY shall mail process to: c/o CRM upon whom process against it may be served. mail a copy of process to: Andrew Leitch, 337 Purpose: Any lawful purpose. 535 Madison Ave., NY, NY 10022, the principal Management, 430 W. 14th St., NY, NY 10014. SSNY shall mail process to: One Rockefeller West 14th St., Apt. 64, New York, NY 10014. office addr. of LLC. Cert. of Form. on file: Purpose: any lawful activity. Plaza, 28th Fl., NY, NY 10020. Term: until Purpose: Any Lawful Purpose. Notice of Qualification of Lee Equity Partners SSDE, Townsend Bldg., Dover, DE 19901. 12/31/2024. Purpose: any lawful activity. Fund, L.P. Authority filed with Secy. of State of Purpose: any lawful activities. Notice of Qualification of Hanover Group Notice of Formation of Argot Partners, LLC. N.Y. (SSNY) on 5/3/07. Office location: NY US, LLC. Authority filed with Secy. of State Notice of Formation of Gramercy Flatiron, Notice of Qualification of 85 Tenth First Mezz Arts. of Org. filed with Secy. of State of NY County. LP formed in Delaware (DE) on of NY (SSNY) on 4/03/07. Office location: LLC. Arts. of Org. filed with NY Dept. of Associates, L.L.C. Authority filed with NY Dept. (SSNY) on 2/07/07. Office location: NY Co. 4/27/07. SSNY designated as agent of LP NY County. LLC formed in Delaware (DE) State on 5/15/07. Office location: NY of State on 5/10/07. Office location: NY SSNY designated as agent of LLC upon whom upon whom process against it may be served. on 3/8/06. SSNY designated as agent of County. Secy. of State designated as agent County. Principal business address: 60 process against it may be served. SSNY shall SSNY shall mail process to principal business LLC upon whom process against it may be of LLC upon whom process against it may Columbus Circle, NY, NY 10023. LLC formed mail process to: National Registered Agents, location: c/o Lee Equity Partners, LLC, 767 served. SSNY shall mail process to: c/o be served and shall mail process to: Ebert in Delaware (DE) on 5/9/07. NY Secy. of State Inc., 875 Avenue of the Americas, Ste. 501, Fifth Ave., NY, NY 10153. DE address of LP: National Registered Agents, Inc., 875 Ave & Associates, LLC, 350 5th Ave., Ste. 4011, designated as agent of LLC upon whom NY, NY 10001, also registered agent. Purpose: c/o Corporation Service Company, 2711 of the Americas, Ste 501, NY, NY 10001. NY, NY 10118, Attn: Steven Ebert, Esq., process against it may be served and shall any lawful activities. Centerville Road, Ste. 400, Wilmington, DE Address required to be maintained in DE: mail process to: c/o Corporation Service Co. 19808. Name/address of each genl. ptr. registered agent upon whom process may 160 Greentree Dr., Ste 101, Dover, DE (CSC), 80 State St., Albany, NY 12207. DE available from SSNY. Cert. of LP filed with DE be served. Purpose: any lawful activity. 19904. Arts. of Org. filed with DE Secy. Of Notice of Formation of P V Bay Parkway address of LLC: c/o CSC, 2711 Centerville Rd., Secy. of State, P.O. Box 898, Dover, DE 19903. State, 401 Federal St., Ste 4., Dover, DE Residential LLC. Arts. of Org. filed with Wilmington, DE 19808. Arts. of Org. filed with Purpose: any lawful activity. Notice of Qualification of Blackstone T Fund 19901. Purpose: any lawful activities. DE Secy. of State, Federal & Duke of York Sts., Secy. of State of N.Y. (SSNY) on 1/28/04. L.P., App. for Auth. filed Sec'y of State (SSNY) Office location: NY County. SSNY designated Dover, DE 19901. Purpose: any lawful activity. Notice of Formation of RW Holdings LLC. 12/21/06. Office location: NY County. LP org. Notice of Qualification of Lusman Capital as agent of LLC upon whom process in DE 12/20/06. SSNY designated as agent of against it may be served. SSNY shall mail Arts. of Org. filed with Secy. of State of NY Management, LLC, filed under the original Notice of Formation of 240 Seaman Realty (SSNY) on 3/5/03. Office location: NY County. LP upon whom process against it may be name Magnum Opus Management, LLC, App. process to: Corporation Service Co., served. SSNY shall mail copy of process to LLC. Arts. of Org. filed with Secy. of State 80 State St., Albany, NY 12207, registered SSNY designated as agent of LLC upon whom for Auth. filed Sec'y of State (SSNY) 5/15/06. of N.Y. (SSNY) on 9/16/03. Office location: process against it may be served. SSNY shall Attn: J. Tomilson Hill, 345 Park Ave., NY, Office loc.: NY County. LLC org. in DE agent upon whom process may be served. NY 10154. DE office addr.: c/o CSC, 2711 NY County. SSNY designated as agent of Purpose: any lawful activity. mail process to: c/o Rinzler & Rinzler, 200 5/11/06. SSNY designated as agent of LLC LLC upon whom process against it may be Madison Ave., 24th Fl., NY, NY 10016. Centerville Rd., Wilmington, DE 19808. Cert. upon whom process against it may be served. served. SSNY shall mail process to: of LP on file: SSDE, Townsend Bldg., Dover, Notice of Qualification of 1330 Mezz II LLC. Purpose: any lawful activity. SSNY shall mail copy of process to Attn: Joel Corporation Service Co., 80 State St., Albany, DE 19901. Name/addr. of each gen. ptr. avail. Lusman, 45 W. 67th St., #26A, NY, NY 10023. NY 12207, registered agent upon whom process Authority filed with Secy. Of State of NY at SSNY. Purpose: any lawful activities. (SSNY) on 12/19/2006. Office location: New Notice of Formation of 234 E. 84th Street, DE office addr.: CSC, 2711 Centerville Rd., may be served. Purpose: any lawful activity. LLC. Arts. of Org. filed with Secy. of State of Wilmington, DE 19808. Cert. of Form. on file: York County. LLC formed in Delaware(DE) on Notice of Formation of REDSTONE CAPITAL, NY (SSNY) on 5/6/05. Office location: NY SSDE, Townsend Bldg., Dover, DE 19901. 12/18/2006. SSNY designated as agent of LLC LLC. Arts. of Org. filed with Secy. of State of EPOLOGY LLC, a foreign Limited Liability County. SSNY designated as agent of LLC Purpose: any lawful activities. upon whom process against it may be served. N.Y. (SSNY) on 3/5/07. Office location: NY Company (LLC) filed with Sec of State of upon whom process against it may be served. SSNY shall mail process to: c/o Macklowe County. SSNY designated as agent of LLC upon NY (SSNY) 5/4/07. NY Office location: NEW SSNY shall mail process to: c/o James Rinzler Properties, 767 Fifth Avenue, 21st Flr., NY, NY whom process against it may be served. SSNY Notice of Formation of BDL 147 Mercer Street, YORK County. SSNY is designated as agent at Dominion Management, 200 Madison Ave., 10153. Address required to be maintained in shall mail process to: c/o Sasson Blaivas LLP, LLC. Arts. of Org. filed with Secy. of State of upon whom process against the LLC may home jurisdiction: National Registered Agents, NY, NY 10016. Purpose: any lawful activity. N.Y. (SSNY) on 5/10/2007. Office location: NY be served. SSNY shall mail a copy of any 100 Park Avenue, 35th Fl., NY, NY 10017. Inc.,160 Greentree Drive, Ste 101, Dover, Kent Purpose: any lawful activity. County. Principal business location: 147 process against the LLC served upon him/her County, DE 19904. Arts. Of Org. filed with DE Notice of Formation of Saint Jane Jazz, LLC. Mercer St., NY, NY 10012. SSNY designated to THE LLC, 261 BROOME ST., APT. 3A, Secy. of State, Townsend Building, Dover, DE Arts. of Org. filed with NY Dept. of State on as agent of LLC upon whom process against it NEW YORK, NY 10002. General Purposes Notice of Formation of ProVisual Advertising 19901. Purpose: any lawful activities. 4/30/07. Office location: NY County. Secy. of LLC Filed with the NY Dept. of State on 6/10/04. may be served. SSNY shall mail process to: State designated as agent of LLC upon whom Office Location: NY County. Secy. of State Holland & Knight LLP, 195 Broadway, NY, NY process against it may be served. Secy. of 10007, Attn: M. James Spitzer, Jr. Term: until Notice of Formation of Mid City Gym and Notice of Qualification of Pelagic Capital designated as agent of LLC upon whom Tanning LLC (limited liability company) Art. State shall mail process to: 329 W. 101st St., process against it may be served. Secy. of State 12/31/2055. Purpose: any lawful activity. Advisors LP. Authority filed with Secy. of State Ste. 3E, NY, NY 10025, principal business of Or. filed with Sec. of State NY (SSNY) on of N.Y. (SSNY) on 4/9/07. Office location: NY shall mail process to the LLC Jeffry R. Moore, 4/10/2007, office located in the County of address of the LLC. Purpose: any lawful activity. 192 Avenue of the Americas Ste 5F. New York, Notice of Qualification of BS DVB Debt LLC. County. Principal business location: 101 Park Authority filed with NY Dept. of State on New York. SSNY designated agent for service Avenue, 21st Fl., NY, NY 10178. LP formed in NY. 10013. Purpose, Any lawful Activity. and shall mail a copy of any process to NOTICE OF FORMATION OF LIMITED LIABILITY 5/23/07. Office location: NY County. Principal Delaware (DE) on 12/5/06. SSNY designated business address: 383 Madison Ave., NY, NY Howard W. Segal P.C., 845 3rd Ave., #1740 COMPANY. NAME: KIDVILLE FRANCHISE Notice of Formation of Sands Brothers as agent of LP upon whom process against it 10179. LLC formed in Delaware (DE) on NYC 10022. Latest date to dissolve COMPANY, LLC. Articles of Organization were Venture Capital II LLC. Arts. of Org. filed with may be served. SSNY shall mail process to: 5/18/07. NY Secy. of State designated as 12/31/2087. Purpose: any lawful activity. filed with the Secretary of State of New York Secy. of State of NY (SSNY) on 3/28/2000. c/o Corporation Service Company (CSC), 80 agent of LLC upon whom process against (SSNY) on 04/03/07. Office location: New Office location: NY County. SSNY designated State St., Albany, NY 12207. DE address of it may be served and shall mail process to: Notice of Qualification of Clark Wamberg, York County. SSNY has been designated as as agent of LLC upon whom process against LP: c/o CSC, 2711 Centerville Road, Ste. 400, c/o CT Corporation System, 111 8th Ave., LLC. Authority filed with Secy. of State of agent of the LLC upon whom process against it may be served. SSNY shall mail process to: Wilmington, DE 19808. Name/address of NY, NY 10011, registered agent upon whom NY (SSNY) on 3/01/07. Office location: NY it may be served. SSNY shall mail a copy of c/o Steven B. Sands, 90 Park Ave., NY, NY each genl. ptr. available from SSNY. Cert. of process may be served. DE address of LLC: County. LLC formed in Delaware (DE) on process to the LLC, 163 East 84th Street, 10016. Term: until 12/31/2030. Purpose: any LP filed with DE Secy. of State, 401 Federal c/o Corporation Trust Co., 1209 Orange St., 10/24/06. SSNY designated as agent of LLC New York, New York 10028. Purpose: For lawful activity. St., Ste. 4, Dover, DE 19901. Purpose: any Wilmington, DE 19801. Arts. of Org. filed upon whom process against it may be any lawful purpose. lawful activity. with DE Secy. of State, Div. of Corps., served. SSNY shall mail process to: c/o Notice of Qualification of Primacy Relocation, Townsend Bldg., Dover, DE 19901. Purpose: National Registered Agents, Inc., 875 Ave Notice of Qualification of CAM-NMP GP, LLC. Notice of Qualification of 81 Main Realty LLC. LLC. Authority filed with Secy. of State of any lawful activity. of the Americas, Ste 501, NY, NY 10001. Authority filed with Secy. of State of N.Y. Authority filed with Secy. of State of N.Y. NY (SSNY) on 1/23/07. Office location: NY Address required to be maintained in DE: (SSNY) on 4/10/07. Office location: NY (SSNY) on 5/8/07. Office location: NY County. County. LLC formed in Tennessee (TN) on 160 Greentree Dr., Ste 101, Dover, DE 12/13/96. SSNY designated as agent of LLC Notice of Qualification of Lederer, Levine & County. Principal business location: 2853 LLC formed in Delaware (DE) on 5/1/07. SSNY Associates, L.L.C., App. for Auth. filed Sec'y of 19904. Arts. of Org. filed with DE Secy. Of Brandywine St., NW, Washington, DC 20008. designated as agent of LLC upon whom upon whom process against it may be State, 401 Federal St., Ste 4., Dover, DE served. SSNY shall mail process to: c/o State (SSNY) 4/13/04. Office loc.: NY County. LLC formed in Delaware (DE) on 3/22/07. process against it may be served. SSNY shall LLC org. in NJ 1/3/01. SSNY designated as 19901. Purpose: any lawful activities. SSNY designated as agent of LLC upon whom mail process to principal business location: National Registered Agents, Inc., 875 Ave of the Americas, Ste 501, NY, NY 10001. agent of LLC upon whom process against it process against it may be served. SSNY shall c/o Winter Management Corp., 730 Fifth Ave., may be served. SSNY shall mail copy of Notice of Formation of 176 East 3 Realty LLC. mail process to: c/o Corporation Service 12th Fl., NY, NY 10019. DE address of LLC: Address required to be maintained in TN: 6077 Primacy Pkwy, Ste 300, Memphis, TN process to c/o Ken Lederer, 20 E. 35th St., Arts. of Org. filed with Secy. of State of NY Company (CSC), 80 State St., Albany, NY c/o Corporation Service Company, 2711 #3M, NY, NY 10016. NJ office addr.: 1099 (SSNY) on 3/23/07. Office location: NY Co. 12207. DE address of LLC: c/o CSC, 2711 Centerville Road, Ste. 400, Wilmington, DE 38119. Arts. of Org. filed with TN Secy. Of State, 312 Eighth Ave N., 6th Fl, William Wall Street W., Lyndhurst, NJ 07071. Cert. of SSNY designated as agent of LLC upon whom Centerville Road, Ste. 400, Wilmington, DE 19808. Arts. of Org. filed with DE Secy. of State, Form. on file: NJ Div. of Revenue, PO Box 308, process against it may be served. SSNY shall 19808. Arts. of Org. filed with DE Secy. of Townsend Bldg., Dover, DE 19901. Purpose: Snodgrass Tower, Nashville, TN 37243. Purpose: any lawful activities. Trenton, NJ 08646. Purpose: to practice the mail process to: c/o The Icon Group, 433 State, 401 Federal St., Dover, DE 19901. owning and managing real estate and any profession of Certified Public Accountancy. W.14th St., Ste 429 3R, NY, NY 10014. Purpose: investment management services. other purposes permitted by applicable law. Purpose: any lawful activities. Notice of Formation 496 Broadway Realty, LLC art. of org. filed Secy. of State NY (SSNY) Notice of App. of Auth. of Lime Brokerage Notice of Qualification of Blackstone FS Fund Notice of Qualification of The Chalice Fund L.P. 11/9/06. Off. loc. in NY Co. SSNY designated Holdings LLC, filed NY Secy of State (SSNY) L.P., App. for Auth. filed Sec'y of State (SSNY) Notice of Formation of 420 East 66 Realty Authority filed with Secy. of State of N.Y. as agent of LLC upon whom process may be 4-30-07; Organized DE 4-23-07; NY office: 10/18/06. Office location: NY County. LP org. LLC. Arts. of Org. filed with Secy. of State of (SSNY) on 12/21/06. Office location: NY served. SSNY shall mail copy of process to: NY Cty, 377 Broadway, NY, NY 10013; SSNY in DE 10/17/06. SSNY designated as agent of NY (SSNY) on 4/20/07. Office location: NY Co. County. LP formed in Delaware (DE) on c/o Mark D. Mermel, Esq., 98 Cuttermill Rd, Designated Agent For Service of Process, LP upon whom process against it may be SSNY designated as agent of LLC upon whom 10/12/06. SSNY designated as agent of LP Ste. 234, Great Neck, NY 11201. Purpose: Any copy to Lime Brokerage Holdings LLC, 377 served. SSNY shall mail copy of process to process against it may be served. SSNY shall upon whom process against it may be served. lawful purpose, managed by members, Broadway, NY, NY 10013; Registered office Attn: J. Tomilson Hill, 345 Park Ave., NY, NY mail process to: : c/o The Icon Group, 433 SSNY shall mail process to: c/o Grail Partners latest date: 11/6/2105. DE: Corporation Service Company, 2711 West 14th St., Ste 429 3R, NY, NY 10014. LLC, One Post Office Square, Boston, MA 10154. DE office addr.: c/o CSC, 2711 Centerville Rd., Ste. 400, Wilmington, DE Purpose: any lawful activities. 02109. DE address of LP: The Corporation Centerville Rd., Wilmington, DE 19808. Cert. 19808; Cert. Formation filed DE Secy State, of LP on file: SSDE, Townsend Bldg., Dover, Notice of Formation of NYC FILM PARTNERS, Trust Company, 1209 Orange St., Wilmington, LLC. Arts. of Org. filed with Secy. of State of 401 Federal St., Ste. 4, Dover, DE 19901; Name: PRHC LLC Art. of Org. Filed Sec. of DE 19801. Name/address of each genl. ptr. DE 19901. Name/addr. of each gen. ptr. avail. Purpose: any lawful activity. at SSNY. Purpose: any lawful activities. N.Y. (SSNY) on 3/8/07. Office location: NY State of NY 2/11/02 Off. Loc.: New York Co. available from SSNY. Cert. of LP filed with DE County. SSNY designated as agent of LLC SSNY designated as Agent upon whom process Secy. of State, P.O. Box 898, Dover, DE 19903. upon whom process against it may be served. Notice of Qualification of SLG 48E43 LLC. against it may be served. SSNY to mail copy Purpose: all lawful purposes. NOTICE OF FORMATION of MAURIEL & SSNY shall mail process to: c/o Frankfurt Authority filed with Secy. of State of NY of process to THE LLC, James S. Klein, KAPOUYTIAN LLP, domestic Limited Liability Kurnit Klein & Selz, P.C., 488 Madison Ave., (SSNY) on 3/21/07. Office location: NY Herzfeld & Rubin, P.C., 40 Wall Street, 54th NOTICE OF FORMATION OF LIMITED LIABILITY Partnership (LLP). Cert. of Registration filed NY, NY 10022, Attn: Thomas D. Selz, Esq. County. LLC formed in Delaware (DE) on Flr., NY, NY 10005. Purpose: Any lawful act. COMPANY. NAME: KIDVILLE FRANCHISE with Secy. of State of NY (SSNY) on 3/28/07. Purpose: any lawful activity. 3/20/07. SSNY designated as agent of LLC PARTNERS, LLC. Articles of Organization NY Office location: 168 Second Avenue, Box upon whom process against it may be Notice of Formation of Added Opportunity were filed with the Secretary of State of New 352, New York, NY 10003, NEW YORK Notice of Formation of ELIZA MACGREGOR served. SSNY shall mail process to: c/o LLC. Arts. of Org. filed with Secy. of State of York (SSNY) on 04/03/07. Office location: County. SSNY designated as agent upon DESIGN, LLC. Arts. of Org. filed with Secy. of National Registered Agents, Inc., 875 Ave of NY (SSNY) on 10/10/2006. Office location: NY New York County. SSNY has been designated whom process against the LLP may be State of N.Y. (SSNY) on 5/9/07 as amended. the Americas, Ste 501, NY, NY 10001, also County. SSNY designated as agent of LLC as agent of the LLC upon whom process served. SSNY shall mail a copy of any Office location: NY County. SSNY designated registered agent. Address required to be upon whom process against it may be served. against it may be served. SSNY shall mail a process against the LLP served upon him/her as agent of LLC upon whom process against maintained in DE: 160 Greentree Dr., Ste 101, SSNY shall mail process to: c/o Corporate copy of process to the LLC, 163 East 84th to the LLP at 168 Second Avenue, Box 352, it may be served. SSNY shall mail process to: Dover, DE 19904. Arts. of Org. filed with DE Service Company, 80 State Street, NY, NY Street, New York, New York 10028. Purpose: New York, NY 10003. Purpose: To practice the The LLC, 40 E. 10th St., Apt. 6-J, NY, NY Secy. Of State, 401 Federal St., Ste 4., Dover, 12207-2543. Purpose: any lawful activities. For any lawful purpose. profession of law. 10003. Purpose: any lawful activity. DE 19901. Purpose: any lawful activities.

June 18, 2007 | Crain’s New York Business | 27 nb25p26_27_28cls.qxp 6/13/07 4:37 PM Page 28

PUBLIC & LEGAL NOTICES

NOTICE OF FORMATION OF LIMITED LIABILITY Notice of Qualification of Cardinal Point Fund I Name: ROKARA, LLC Art. of Org. Filed Sec. Notice of formation of Fluid Editorial & Design, Notice of Formation of Spring Valley Site III COMPANY. NAME: JJ49 REALTY LLC. LP, App. for Auth. filed Sec'y of State (SSNY) Of State of NY 1/10/07. Off. Loc. New York. LLC. Arts. of Org. filed Sec. of State NY (SSNY) Developer LLC. Arts. of Org. filed with Secy. of Articles of Organization were filed with the 1/22/04. Office location: NY County. LP org. in Co. SSNY designated as agent upon whom 5/10/07. Off. Loc.: New York Co. SSNY State of N.Y. (SSNY) on 3/26/07. Office Secretary of State of New York (SSNY) on DE 1/20/04. SSNY designated as agent of LP process against it may be served. SSNY to designated as agent upon whom process location: NY County. SSNY designated as 04/09/07. The latest date of dissolution is upon whom process against it may be served. mail copy of process to The LLC, 122 First against it may be served. SSNY to mail copy of agent of LLC upon whom process against it 12/31/2050. Office location: New York SSNY shall mail copy of process to Attn: Greg Avenue, NY, NY 10009. Purpose: Any lawful process to The LLC, 95 Horatio Street, Suite may be served. SSNY shall mail process to: County. SSNY has been designated as agent Elmlinger, 767 Third Ave., 14th Fl., NY, NY activity. 409, NY, NY 10014. Purpose: Any lawful act. c/o CPC Resources, Inc., 28 E. 28th St., 9th Fl., of the LLC upon whom process against it 10017, the principal office addr. of LP. Cert. of NY, NY 10016. Purpose: any lawful activity. may be served. SSNY shall mail a copy of LP on file: SSDE, Townsend Bldg., Dover, DE Notice of Qualification of Old Square Capital Notice of Formation of Colen MD Plastic process to the LLC, c/o John Kaufman c/o 19901. Name/addr. of each gen. ptr. avail. at Advisors, LLC, filed under the original name Surgery Suite, P.L.L.C. Arts. of Org. filed Notice of Qualification of FrontPoint Partners Canavan & Kaufman, Esqs., One Barker SSNY. Purpose: any lawful activities. Old Square Advisers, LLC, App. for Auth. filed with Secy. of State of NY (SSNY) on 3/26/07. LLC. Authority filed with NY Dept. of State on Avenue, White Plains, New York 10601. Sec'y of State (SSNY) 2/10/06. Office location: Office location: NY Co. SSNY designated as 4/25/07. Office location: NY County. Principal Purpose: For any lawful purpose. Notice of Qualification of POLYNOMA LLC. NY County. LLC org. in DE 2/7/06. SSNY agent of LLC upon whom process against it business address: 2 Greenwich Plaza, Authority filed with Secy. of State of N.Y. designated as agent of LLC upon whom may be served. SSNY shall mail process to: Greenwich, CT 06830. LLC formed in Notice of Qualification of Protégé (SSNY) on 4/10/07. Office location: NY process against it may be served. SSNY shall The LLC, 742 Park Ave., NY, NY 10021. Delaware (DE) on 10/12/00. NY Secy. of State Opportunistic Fund, LP, filed under the County. LLC formed in Delaware (DE) on mail copy of process to Attn: Kemal Ahmed, Purpose: any lawful activities. designated as agent of LLC upon whom original name Protege Strategic Fund, LP, 4/4/07. SSNY designated as agent of LLC 880 Third Ave., 3rd Fl., NY, NY 10022. DE process against it may be served and shall App. For Auth. filed Sec'y of State (SSNY) upon whom process against it may be served. office addr.: c/o CSC, 2711 Centerville Rd., Notice of Qualification of Goldman Sachs mail process to: c/o CT Corporation System, 2/20/07. Office loc.: NY County. LP org. in SSNY shall mail process to: c/o Jack Gray, Wilmington, DE 19808. Cert. of Form. on file: Global Trading Advisors, LLC. Authority filed 111 8th Ave., NY, NY 10011, registered agent DE 2/14/07. SSNY designated as agent of LP 201 W. 52nd St., 3rd Fl., NY, NY 10019. DE SSDE, Townsend Bldg., Dover, DE 19901. with Secy. of State of N.Y. (SSNY) on 5/2/07. upon whom process may be served. DE upon whom process against it may be address of LLC: c/o Corporation Service Purpose: any lawful activities. Office location: NY County. LLC formed in address of LLC: CT Corporation, 1209 Orange served. SSNY shall mail copy of process to Company, 2711 Centerville Road, Ste. 400, Delaware (DE) on 11/26/02. SSNY designated St., Wilmington, DE 19801. Arts. of Org. filed Attn: Jeffrey Tarrant, 25 W. 53rd St., NY, NY Wilmington, DE 19808. Arts. of Org. filed with with DE Secy. of State, 401 Federal St., Ste. 4, Notice of Qualification of Tailwind Capital as agent of LLC upon whom process against 10019. DE office addr.: CSC, 2711 Centerville DE Secy. of State, 401 Federal St., Dover, DE Dover, DE 19901. Purpose: any lawful activity. Partners (TE), L.P. Authority filed with NY it may be served. SSNY shall mail process to Rd., Wilmington, DE 19808. Cert. of LP on 19901. Purpose: any lawful activity. principal business location: Goldman Sachs file: SSDE, Townsend Bldg., Dover, DE 19901. Dept. of State on 5/3/07. Office location: NY Notice of Registration of Thompson Wigdor & County. Principal business address: 390 Park Hedge Fund Strategies LLC, 1 New York Name/addr. of each gen. ptr. avail. at SSNY. Notice of Qualification of Cardinal Point Plaza, NY, NY 10004. DE address of LLC: Gilly LLP. Cert. filed with Secy. of State of NY Purpose: any lawful activities. Ave., NY, NY 10022. LP formed in Delaware (SSNY) on 2/3/03. Office location: NY County. Associates LLC, App. for Auth. filed Sec'y of (DE) on 10/23/06. NY Secy. of State designated 1209 Orange St., Wilmington, DE 19801. State (SSNY) 1/21/04. Office location: NY Arts. of Org. filed with DE Secy. of State, P.O. SSNY designated as agent of LLP upon whom as agent of LP upon whom process against it process against it may be served. SSNY shall Name: ORIGINAL SAINT MARK’S PIZZA, County. LLC org. in DE 10/9/03. SSNY may be served and shall mail process to: c/o Box 898, Dover, DE 19903. Purpose: any LLC Art. of Org. Filed Sec. Of State of NY designated as agent of LLC upon whom lawful activity. mail process to: c/o CT Corporation System, CT Corporation System, 111 8th Ave., NY, NY 111 8th Ave., NY, NY 10011, registered agent 3/1/07. Off. Loc. New York. Co. SSNY process against it may be served. SSNY shall 10011. DE address of LP: c/o Corporation designated as agent upon whom process mail copy of process to Attn: Greg Elmlinger, upon whom process may be served. Purpose: Service Co., 2711 Centerville Rd., Ste. 400, Notice of Qualification of Goldman Sachs EP practice the profession of law. against it may be served. SSNY to mail 767 Third Ave., 14th Fl., NY, NY 10017, the Wilmington, DE 19808. Name/address of Partners, LLC. Authority filed with Secy. of copy of process to The LLC C/O Morwin principal office addr. of LLC. Cert. of Form. on genl. ptr. available from Secy. of State. State of N.Y. (SSNY) on 5/2/07. Office location: Notice of Formation of 1540 Second Realty Schmookler, P.O. Box 1568, FDR Station, file: SSDE, Townsend Bldg., Dover, DE 19901. Cert. of LP filed with DE Secy. of State, NY County. LLC formed in Delaware (DE) on NY, NY 10150. Purpose: Any lawful activity. Purpose: any lawful activities. LLC. Arts. of Org. filed with Secy. of State of Townsend Bldg., Dover, DE 19901. Purpose: any 11/15/05. SSNY designated as agent of LLC NY (SSNY) on 4/20/07. Office location: NY Co. lawful activity. upon whom process against it may be served. SSNY designated as agent of LLC upon whom Notice of Formation of 158 West 23 LLC. Arts. Notice of Formation of CYBERLAWSTUDIO, SSNY shall mail process to principal business process against it may be served. SSNY shall of Org. filed with Secy. of State of NY (SSNY) PLLC, a professional service limited liability Notice of Formation of Sprocket Films, LLC. location: Goldman Sachs Hedge Fund Strategies mail process to: c/o The Icon Group, 433 West on 4/20/04. Office location: NY Co. SSNY company (PLLC). Arts. of Org. filed with Art. of Org. filed with the Secy. of St. of New LLC, 1 New York Plaza, NY, NY 10004. DE 14th St., Ste 429 3R, NY, NY 10014. Purpose: designated as agent of LLC upon whom Secy. of State of N.Y. (SSNY) on 3/15/04. York (SSNY) on 09/23/05. N.Y. Off. Loc.: NY address of LLC: 1209 Orange St., Wilmington, any lawful activities. process against it may be served. SSNY shall Office location: NY County. SSNY designated County. SSNY has been designated as agent DE 19801. Arts. of Org. filed with DE Secy. of mail process to: c/o Rossrock LLC, Attn: as agent of PLLC upon whom process of LLC upon process against it may be served. State, P.O. Box 898, Dover, DE 19903. Notice of Formation of Hudson Third LLC. Mr.James Ross, 150 East 52nd St., 27th Fl, against it may be served. SSNY shall mail The P.O. address to which the SSNY shall mail Purpose: any lawful activity. Arts. of Org. filed with Secy. of State of N.Y. NY, NY 10022. Purpose: any lawful activities. process to: The LLC, 106 Bedford St., Apt. a copy of any process against the LLC served (SSNY) on 5/11/07. Office location: NY 6E, NY, NY 10014, Attn: Julia Cheng, registered upon him/her is C/O the LLC: 536 East Fifth St., Notice of Qualification of Goldman Sachs County. SSNY designated as agent of LLC Notice of Qualification of CIP Europe, L.P. agent upon whom process may be served. New York, NY, 10009. Purpose of the LLC: Princeton Fund, LLC. Authority filed with upon whom process against it may be served. Authority filed with Secy. of State of N.Y. Purpose: provision of legal services. any lawful act. Secy. of State of N.Y. (SSNY) on 5/2/07. SSNY shall mail process to principal business (SSNY) on 3/1/07. Office location: NY County. Office location: NY County. LLC formed in location: 826 Broadway, NY, NY 10003. Delaware (DE) on 2/25/05. SSNY designated LP formed in Cayman Islands (CI) on Notice of Qualification of CPC NY 58 Notice of Qualification of Millenco, L.L.C. Purpose: any lawful activity. as agent of LLC upon whom process against 10/18/06. SSNY designated as agent of LP Mortimer Realty, LLC. Authority filed with Authority filed with Secy. of State of N.Y. it may be served. SSNY shall mail process to upon whom process against it may be served. Secy. of State of N.Y. (SSNY) on 5/9/07. (SSNY) on 10/16/2006. Office location: NY Name of For. LLC: Kramer Design Group principal business location: Goldman Sachs SSNY shall mail process to: Co-Investment Office location: NY County. LLC formed in County. LLC formed in Delaware (DE) on LLC. Appl. for Auth. filed with Sec. of State Hedge Fund Strategies LLC, 1 New York Partners Europe, L.P., c/o Lexington Advisors Delaware (DE) on 5/4/07. SSNY designated 6/1/1989. SSNY designated as agent of LLC of NY: 7/30/01. Jurisd. and date of org.: DE Plaza, NY, NY 10004. DE address of LLC: Inc., 660 Madison Ave., NY, NY 10022. as agent of LLC upon whom process against upon whom process against it may be 7/27/01. NY State office loc.: NY Cty. Sec. of 1209 Orange St., Wilmington, DE 19801. Registered agent upon whom process may be it may be served. SSNY shall mail process to: served. SSNY shall mail process to principal State of NY designated as agent of LLC Arts. of Org. filed with DE Secy. of State, P.O. served: CT Corporation System, 111 8th Ave., c/o Corporation Service Company, 80 State business location: The LLC, 666 Fifth upon whom process may be served. Sec. of Box 898, Dover, DE 19903. Purpose: any NY, NY 10011. CI address of LP: Walker St., Albany, NY 12207. DE address of LLC: Avenue, 8th Fl., NY, NY 10103. DE address State shall mail copy of process to the LLC: lawful activity. House, 87 Mary St., P.O. Box 908 GT, George 1105 N. Market St., Ste. 1026, Wilmington, of LLC: Corporation Service Company, 2711 601 W. 26th St., NY, NY 10001. Addr. of LLC Town, Grand Cayman, KY1-9002 CI. DE 19801. Arts. of Org. filed with DE Secy. of Centerville Road, Ste. 400, Wilmington, DE in DE is: 2711 Centerville Road, Ste. 400, Name/address of each genl. ptr. available from State, 401 Federal St., Dover, DE 19901. 19808. Cert. of Form. filed with DE Secy. of Notice of Qualification of Thermo Fisher Wilmington, DE 19808. Authorized office in SSNY. Cert. of LP filed with Walkers, Walker Purpose: any lawful activity. State, Townsend Bldg., Dover, DE 19901. Scientific (Asheville) LLC. Authority filed with DE where Cert. of Form. is filed: DE Sec. of House, 87 May St., P.O. Box 265 GT, George Purpose: any lawful activity. Secy. of State of N.Y. (SSNY) on 4/16/2007. State, Townsend Bldg., Dover, DE 19901. Town, Grand Cayman, KY1-9002, CI. Purpose: 2904 ATLANTIC AVE LLC Articles of Org. Office location: NY County. LLC formed in Purpose: any lawful activity. all lawful purposes. filed NY Sec. of State (SSNY) 12/18/06. Delaware (DE) on 6/3/1996. SSNY designated NOTICE OF FORMATION OF R&B Bradhurst, Office in NY Co. SSNY desig. agent of LLC as agent of LLC upon whom process against it LLC. Art. of Org. filed with the Secy of St. of Notice of Formation of Spring Valley Site III Notice of Formation of Crosby Roamann, upon whom process may be served. SSNY may be served. SSNY shall mail process to: New York (SSNY) on 02/24/06. N.Y. Off. Manager LLC. Arts. of Org. filed with Secy. of LLC. Arts. of Org. filed with Secy. of State of shall mail copy of process to PO Box 20700, c/o CT Corporation System, 111 8th Ave., NY, Loc.: NY County. SSNY has been designated State of N.Y. (SSNY) on 3/26/07. Office location: N.Y. (SSNY) on 1/27/06. Office location: NY NY, NY 10009. Purpose: Any lawful purpose. NY 10011, registered agent upon whom as agent of LLC upon whom process against NY County. SSNY designated as agent of County. SSNY designated as agent of LLC process may be served. DE address of LLC: it may be served. The P.O. address to which LLC upon whom process against it may be upon whom process against it may be Notice of Qualification of Solas Capital, LLC, The Corporation Trust Company, 1209 Orange the SSNY shall mail a copy of any process served. SSNY shall mail process to: c/o CPC served. SSNY shall mail process to principal App. for Auth. filed Sec'y of State (SSNY) St., Wilmington, DE 19801. Arts. of Org. filed against the LLC served upon him/her is C/O Resources, Inc., 28 E. 28th St., 9th Fl., NY, business location: Anne McBride Schreiber, 9/17/04. Office location: NY County. LLC org. with DE Secy. of State, 401 Federal St., Ste. 4, the LLC: Abrams Garfinkel Margolis Bergson, NY 10016. Purpose: any lawful activity. 124 E 79th St., Apt. 19B, NY, NY 10021. in DE 9/15/04. SSNY designated as agent of Dover, DE 19901. Purpose: all lawful purposes. LLP 237 West 35th St., 4th Fl., NY, NY, 10001. Purpose: any lawful activity. LLC upon whom process against it may be Purpose of LLC: any lawful act. Notice of Qualification of Goldman Sachs served. SSNY shall mail copy of process to Notice of Qualification of Digital Laundry Distressed Opportunities III Employee Fund, Notice of formation of MRAJ Spring Street, Attn: Frederick Tucker Golden, 237 Park LLC. Authority filed with Secy of State on L.P. Authority filed with Secy. of State of N.Y. LLC. Art. Of Org. filed with Secy. Of State of Ave., 8th Fl., NY, NY 10017. DE office addr.: Notice of Qualification of RepEvent, LLC. 4/26/07. Office location: NY County. LLC (SSNY) on 4/16/07. Office location: NY NY (SSNY) on 1/10/07. Office location: New c/o CSC, 2711 Centerville Rd., Wilmington, Authority filed with NY Dept. of State on formed in Delaware (DE) on 12/7/06. SSNY County. LP formed in Delaware (DE) on York County. SSNY designated as agent of DE 19808. Cert. of Form. on file: SSDE, 5/25/07. Office location: NY County. Principal designated as agent of LLC, upon whom 2/2/06. SSNY designated as agent of LP upon the LLC upon whom process against it may Townsend Bldg., Dover, DE 19901. Purpose: business address: 75 9th Ave., 4th Fl., NY, process against it may be served. SSNY whom process against it may be served. be served. SSNY shall mail a copy of any any lawful activities. NY 10011. LLC formed in Delaware (DE) on shall mail process to 173 E. 120th St., NY, SSNY shall mail process to: 85 Broad St., NY, process to: c/o The LLC, 199 Duane Street, 3/7/07. NY Secy. of State designated as NY 10035, the principal business office of NY 10004. DE address of LP: 1209 Orange 5th Floor New York, NY 10013 Purpose: To NOTICE OF FORMATION of Tender Creative agent of LLC upon whom process against it LLC. Address required to be maintained in St., Wilmington, DE 19801. Name/address of engage in any lawful act or activity. LLC. Article of Org. filed with the Sec'y of may be served and shall mail process to: c/o DE: c/o Harvard Business Services, Inc., each genl. ptr. available from SSNY. Cert. of State NY (SSNY) 01/03/2006, address Corporation Service Co., 80 State St., Albany, 16192 Coastal Hwy, Lewes, DE 19958-9776. LP filed with DE Secy. of State, P.O. Box 898, Notice of Formation of Donaghy Family LLC. change filed SSNY 04/06/2007. Office location: NY 12207. DE address of LLC: 2711 Art. Of Org. filed with DE Secy of State, 401 Dover, DE 19903. Purpose: any lawful activity. Arts. of Org. filed with Secy. of State of N.Y. NY County. SSNY designated as agent of Centerville Rd., Ste. 400, Wilmington, DE Federal St., Dover, DE 19901. Purpose: any (SSNY) on 2/1/07. Office location: NY County. LLC upon whom process against it may be 19808. Arts. of Org. filed with DE Secy. of lawful activities. Notice of Formation of 1965 BROADWAY AVE, SSNY designated as agent of LLC upon whom served. SSNY shall mail copy of process to: State, 401 Federal St., Ste. 4, Dover, DE 19901. LLC. Arts. of Org. filed with Secy. of State of Purpose: any lawful activity. process against it may be served. SSNY shall Tender, 188 Bowery, Floor 2, NY, NY 10012 Notice of Qualification of Tiger Partners N.Y. (SSNY) on 3/13/07. Office location: mail process to: Anderson Kill & Olick, P.C., (principal business location). Purpose: any Trading LLC. Authority filed with Secy. of State NY County. SSNY designated as agent of 1251 Avenue of the Americas, NY, NY 10020, lawful activity. NOTICE OF FORMATION OF LIMITED of N.Y. (SSNY) on 4/24/07. Office location: NY LLC upon whom process against it may be Attn: James G. Clements, Esq. Purpose: all LIABILITY COMPANY. NAME: SEARCHING County. Principal business location: 101 served. SSNY shall mail process to: The LLC, lawful purposes. NOTICE OF FORMATION of limited liability FOR SMILES, LLC. Articles of Organization Park Avenue, NY, NY 10178. LLC formed in 94-13 Flatlands Ave., Brooklyn, NY 11236. company (LLC). Name: NBE CONSULTING were filed with the Secretary of State of Delaware (DE) on 3/7/07. SSNY designated Purpose: any lawful activity. Notice of Formation of Eastern Capital Group LLC. Articles of Organization filed with New York (SSNY) on 04/19/07. The latest as agent of LLC upon whom process against LLC. Arts. of Org. filed with Secy. of State of Secretary of State of New York (SSNY) on date of dissolution is 05/31/2030. Office it may be served. SSNY shall mail process Notice of Formation of DIGGIN 4 BROWN N.Y. (SSNY) on 7/12/02. Office location: NY 5/9/07. Office location: New York County. location: New York County. SSNY has been to: c/o Corporation Service Company (CSC), LLC. Arts. of Org. filed with Secy. of State of County. SSNY designated as agent of LLC SSNY designated as agent of LLC upon whom designated as agent of the LLC upon whom 80 State St., Albany, NY 12207. DE address N.Y. (SSNY) on 1/19/07. Office location: NY upon whom process against it may be process against it may be served. SSNY shall process against it may be served. SSNY of LLC: CSC, 2711 Centerville Road, Ste. County. SSNY designated as agent of LLC served. SSNY shall mail process to: c/o CT mail process to: c/o National Registered shall mail a copy of process to the LLC, c/o 400, Wilmington, DE 19808. Arts. of Org. upon whom process against it may be served. Corporation System, 111 8th Ave., NY, NY Agents, Inc., 875 Avenue of the Americas, Ste Jay R. Viders, PLLC, One Old Country Road, filed with DE Secy. of State, 401 Federal St., SSNY shall mail process to: Will Roberson, 10011, registered agent upon whom process 501, NY, NY 10001, also registered agent. Carle Place, New York 11514. Purpose: For Ste. 4, Dover, DE 19901. Purpose: any 142 E. 98th St., Ste. 26, NY, NY 10029. may be served. Purpose: any lawful activity. Purpose: any lawful activities. any lawful purpose lawful activity. Purpose: any lawful activity.

28 | Crain’s New York Business | June 18, 2007 CNYB 06-18-07 A 29 6/14/2007 5:14 PM Page 1

THE WEEKS AHEAD

THIS WEEK’S EVENTS JUNE 19 a.m., Mandarin Oriental New York, 80 p.m., 2 Penn Plaza. Fee: $15 in advance, p.m., Techspace, 41 E. 11th St., 11th JUNE 19 Magazine Publishers of America holds Columbus Circle, ballroom. Fee: $60 $20 at door. (206) 337-0329. floor. Fee: $25 members and $35 Crain’s New York Business holds midyear forum on race, identity and privilege in members, $80 nonmembers. JUNE 20 nonmembers in advance; $40 for all at economic forecast breakfast with a panel the media. 5:30 p.m. to 7:30 p.m., (212) 481-9230. Power Networking Business Seminar door. (718) 625-1369. of experts. 8:00 a.m. to 9:30 a.m., Harmonie Club, 4 E. 60th St. Fee: $30 JUNE 20 Series holds networking seminar and JUNE 21 Waldorf-Astoria, 301 Park Ave. Fee: members, $40 nonmembers. Healthcare Public Relations and program on credit restoration. 7:00 p.m. New York Society of Security Analysts $60. (212) 210-0739 or (212) 872-3755 or www.magazine.org. Marketing holds annual meeting. 6:00 to 9:00 p.m., Lindenwood Diner, 2870 holds program on emerging careers in www.newyorkbusiness.com. JUNE 19 p.m. to 8:30 p.m., 3 West Club, 3 W. Linden Ave., Brooklyn. Fee: $30. distressed securities. 5:30 p.m. to 7:45 JUNE 19 New York Public Library’s Science, 51st St. Fee: $70 members, $85 (641) 985-5999, ext. 25715, or p.m., 1177 Sixth Ave., second floor. Fee: Bedford Stuyvesant Restoration Corp. Industry and Business Library holds nonmembers. (212) 506-5423 or [email protected]. free for members, $20 nonmembers. holds seminar on understanding the lecture on construction projects and [email protected]. JUNE 21 (646) 871-3405 or [email protected]. mortgage process. 6:00 p.m. to 8:30 logistics in lower Manhattan. 6:00 p.m. JUNE 20 Business Networking International, JUNE 21, 26, 28 p.m., 1368 Fulton St., Brooklyn. Free. to 7:30 p.m., 188 Madison Ave., room Hodgson Russ holds seminar on New chapter 15, holds networking breakfast. Real Estate Academy holds three-day (718) 636-6924. 018. Free. (212) 592-7000. York City and state taxes. 8:30 a.m. to 7:00 a.m. to 8:30 a.m., George’s seminar on current real estate trends. JUNE 19 10:30 a.m., Harvard Club, 35 W. 44th Restaurant, 89 Greenwich St. Fee: $18. 9:00 a.m. to 5:00 p.m., New York More meetings online at New York Building Congress holds St. Fee: $45. (212) 751-4300. (201) 289-2208 or [email protected]. Athletic Club, 180 Central Park South. www.newyorkbusiness.com breakfast forum with Patrick Foye, JUNE 20 JUNE 21 Fee: $199. Open only to real estate bro- Click on “Events” Empire State Development Corp. R.L. Kuper Inc. holds seminar on Networking for Professionals holds kers and salespeople. (212) 262-2662. downstate chairman. 8:00 a.m. to 9:45 searching the Internet. 6:00 p.m. to 7:30 networking reception. 6:30 p.m. to 8:30 —adrianne pasquarelli

PUBLIC & LEGAL NOTICES

Notice of Qualification of CT Asia Fund Notice of Formation CLAREMONT FREEPORT, Notice of Formation RUMA REALTY CO. NOTICE OF FORMATION OF LIMITED LIABILITY NOTICE OF FORMATION OF LIMITED Manager, LLC. Authority filed with Secy. of LLC, a domestic Limited Liability Company LLC, a domestic Limited Liability Company COMPANY. NAME: 1700 PARK STREET LLC. LIABILITY COMPANY. NAME: WellBuilt State of N.Y. (SSNY) on 4/30/07. Office (LLC). Articles of Organization filed with (LLC) by the way of conversion from a Articles of Organization were filed with the Construction Enterprises, LLC. Articles of location: NY County. LLC formed in Delaware Secretary of State on 2/9/04. NY Office location: limited partnership f/k/a RUMA REALTY Secretary of State of New York (SSNY) on Organization were filed with the Secretary (DE) on 4/30/07. SSNY designated as agent of NEW YORK County.Secretary of State is L.P., Certificate of Conversion filed with the 12/20/06. Office location: New York County. of State of New York (SSNY) on 05/14/07. LLC upon whom process against it may be designated as agent upon whom process Sec of State of NY (SSNY) on 3/22/07. NY SSNY has been designated as agent of the Office location: New York County. SSNY has served. SSNY shall mail process to: Geoffrey against the LLC may be served.Secretary Office location: NEW YORK County. Secretary LLC upon whom process against it may be been designated as agent of the LLC upon G. Jervis, Capital Trust, Inc., 410 Park Ave., of State shall mail a copy of any process of State is designated as agent upon whom served. SSNY shall mail a copy of process to whom process against it may be served. 14th Fl., NY, NY 10022. DE address of LLC: against the LLC served upon him/her to THE process against the LLC may be served. the LLC, c/o Gabrielle Schein, 145 East 15th SSNY shall mail a copy of process to the c/o Corporation Service Company, 2711 LLC, 1316 MADISON AVENUE, NEW YORK, Secretary of State shall mail a copy of any Street, New York, New York 10003. Purpose: LLC, c/o Lazer Vukaj, 213 West 35th Street, Centerville Road, Ste. 400, Wilmington, DE NY 10128. General Purposes process against the LLC served upon him/her For any lawful purpose. Suite 601, New York, New York 10001. 19808. Cert. of Form. filed with DE Secy. of to ANNIE MALHOTRA, 150 WEST 56TH Purpose: For any lawful purpose. State, 401 Federal St., Ste. 4, Dover, DE 19901. Notice of Formation CLAREMONT U.P. LLC, a STREET, #5904, NEW YORK, NY 10019. Notice of Qualification of Prospect Capital Purpose: any lawful activity. domestic Limited Liability Company (LLC). General Purposes Funding LLC. Authority filed with Secy. of Notice of Formation of Stackpole Partners, Articles of Organization filed with Secretary of State of NY (SSNY) on 5/25/07. Office LLC. Arts. of Org. filed with Secy. of State of Notice of Qualification of Porthault NA, LLC. State on 7/3/03. NY Office location: NEW NOTICE OF QUALIFICATION OF: RT Consulting, location: NY County. LLC formed in Delaware NY (SSNY) on 4/25/07. Office location: NY Co. Authority filed with Secy. of State of NY YORK County. Secretary of State is designated LLC, filed under the name RT Consulting of (DE) on 5/15/07. SSNY designated as agent SSNY designated as agent of LLC upon whom (SSNY) on 4/30/02. Office location: NY as agent upon whom process against the LLC the Northeast, LLC. Application for Authority of LLC upon whom process against it may process against it may be served. SSNY shall County. LLC formed in Delaware (DE) on may be served. Secretary of State shall filed with the Secretary of State of New York be served. SSNY shall mail process to: mail process to: National Registered Agents, 10/23/01. SSNY designated as agent of mail a copy of any process against the LLC (SSNY) on 4/6/2007. N.Y. Office Location: The LLC, attn: Catherine Kelley, 10 E. 40th Inc., 875 Ave of the Americas, Ste 501, NY, NY LLC upon whom process against it may be served upon him/her to THE LLC, 1316 New York County. LLC formed in Delaware St., 44th Fl, NY, NY 10016. Address to be 10001, also registered agent. Purpose: any served. SSNY shall mail process to: c/o MADISON AVENUE, NEW YORK, NY 10128. on 12/18/2006. SSNY has been designated maintained in DE: 160 Greentree Dr., Ste lawful activities. National Registered Agents, Inc., 875 Ave General Purposes as agent of LLC upon process against it 101, Dover, DE 19904. Arts. of Org. filed of the Americas, Ste 501, NY, NY 10001, may be served. SSNY shall mail a copy of with DE Secy. Of State, 401 Federal St., Notice of Qualification of Kailix Associates also registered agent. Address of principal Notice of Qualification of Focus 360 LLC. any process against it to: 4 Main Street, Ste 4., Dover, DE 19901. Purpose: any L.L.C. Authority filed with NY Dept. of State office: 18 East 69th St., NY, NY 10021. Authority filed with Secy. of State of NY Peterborough, NH 03458. Delaware address lawful activities. on 8/2/06. Office location: NY County. LLC Arts. of Org. filed with DE Secy. Of State, (SSNY) on 5/4/07. Office location: NY County. of LLC: 35A The Commons, 3524 Silverside formed in Delaware (DE) on 6/8/06. NY Secy. 401 Federal St., Ste 4., Dover, DE 19901. LLC formed in Delaware (DE) on 2/21/07. Road, Wilmington, DE 19810. Articles of Notice of Qualification of American Vantage of State designated as agent of LLC upon Purpose: any lawful activities. SSNY designated as agent of LLC upon whom Organization filed with Delaware Secretary Media, LLC. Authority filed with Secy. of State whom process against it may be served and process against it may be served. SSNY shall of State, 401 Federal Street, Suite 4, Dover, of N.Y. (SSNY) on 3/9/07. Office location: NY shall mail process to the principal business mail copy of process to: 1400 SW Chapman DE 19901. Purpose: Any lawful activities. County. LLC formed in Nevada (NV) on address of the LLC: c/o The Blackstone Notice of Qualification of Blackstone Real 7/19/06. SSNY designated as agent of LLC Estate Partners International I.D L.P. Wy, Ste C, Palm City, FL 34990. LLC address Group, 345 Park Ave., NY, NY 10154. in DE: 2711 Centerville Rd, Ste 400, NOTICE OF FORMATION of limited liability upon whom process against it may be served. Registered agent upon whom process may Authority filed with Secy. of State of NY company (LLC). Name: Seed Represents LLC. SSNY shall mail process to: Attn: Trevor (SSNY) on 11/13/01. Office location: NY Wilmington, DE 19808; Articles of Org filed be served: CT Corporation System, 111 8th with DE Secy. of State, 401 Federal St, Dover Articles of Organization filed with Secretary of Drinkwater, 2230 Broadway, Santa Monica, Ave., NY, NY 10011. DE address of LLC: c/o County. LP formed in England on 12/19/00. State of New York (SSNY) on 5/1/07. Office CA 90404. NV address of LLC: c/o National SSNY designated as agent of LP upon whom DE 19901. Purpose: any lawful activity. The Corporation Trust Co., 1209 Orange St., location: New York County. SSNY designated Corporate Research Ltd., 202 South Minnesota Wilmington, DE 19801. Cert. of Form. filed process against it may be served. SSNY as agent of LLC upon whom service of process St., Carson City, NV 89703. Arts. of Org. filed shall mail process to the principal office of Notice of Qualification of Blackstone with DE Secy. of State, Federal & Duke of Communications Capital Commitment against it may be served. SSNY shall mail with NV Secy. of State, 202 North Carson St., York Sts., Dover, DE 19901. Purpose: any the LP: 345 Park Ave., NY, NY 10154. copy of process to the LLC, 23 East 4th Street, Carson City, NV 89701. Purpose: entertainment Name/address of genl. ptr. available from Partners I L.P. Authority filed with Secy. of lawful activity. State of NY (SSNY) on 6/21/00. Office location: New York, NY 10003. Purpose any lawful act. company that produces, publishes and SSNY. Cert. of LP filed with Registrar of distributes films, videos and music on digital Companies, Companies House, Crown Way, NY County. LP formed in Delaware (DE) on Notice of Formation of HLK Services LLC. video discs, videos and compact discs. Name of LLC: Pils Realty LLC. Arts. of Org. Cardiff, Wales, CF14 3UZ, United Kingdom. 4/11/00. SSNY designated as agent of LP Arts. of Org. filed with Secy. of State of N.Y. filed with NY Dept. of State on 5/10/2007, as Purpose: any lawful activity. upon whom process against it may be served. (SSNY) on 5/9/07. Office location: NY amended. Office location: NY County. Secy. SSNY shall mail process to: The LP, c/o The NOTICE OF FORMATION of Prime Example, of State designated as agent of LLC upon Blackstone Group, 345 Park Ave., NY, NY County. SSNY designated as agent of LLC LLC. Article of Organization filed with the Notice of Qualification of Blackstone upon whom process against it may be whom process against it may be served and 10154. DE address of LP: The Corporation Secretary of State of NY (SSNY) on 04/08/05. shall mail process to: c/o Larissa N. Lachman, Mezzanine Partners II L.P. Authority filed with Trust Co., 1209 Orange St., Wilmington, DE served. SSNY shall mail process to: c/o Office location: NY County. SSNY has been Secy. of State of NY (SSNY) on 6/8/05. Office United Corporate Services, Inc., 10 Bank St., 121 W. 19th St., Apt. 2B, NY, NY 10011, 19801. Name/address of genl. ptr. available designated as agent upon whom process registered agent upon whom process may location: NY County. LP formed in Delaware from SSNY. Cert. of LP filed with DE Secy. Ste. 560, White Plains, NY 10606. Purpose: against it may be served. The Post Office (DE) on 6/6/05. SSNY designated as agent of any lawful activity. be served. Term: until 12/31/2047. of State, 401 Federal St., Dover, DE 19901. address to which the SSNY shall mail a copy Purpose: any lawful activity. LP upon whom process against it may be Purpose: any lawful activity. of any process against the LLC served upon served. SSNY shall mail process to: The LP, Notice of Formation MEENAN & ASSOCIATES, him is C/O the LLC 111 W. 45th Street. N.Y., c/o The Blackstone Group, 345 Park Ave., NY, Name of LLC: Empire Games LLC. Arts. of LLC, a domestic Limited Liability Company N.Y., 10001. Date of Dissolution: 12/31/2016. Notice of Formation of Herbert Kayne LLC. NY 10154. Registered agent upon whom Org. filed with Secy. of State of NY (SSNY) (LLC). Articles of Organization filed with Purpose of LLC: to engage in any lawful act or Art. of Org. filed with Sec of State of NY process may be served: CT Corporation on 12/5/2005. Office location: NY County. Secretary of State on 12/31/01. NY Office activity. Street address of Principal Business (SSNY) on 6/1/07. Office loc: NY County. System, 111 8th Ave., NY, NY 10011. DE SSNY designated as agent of LLC upon location: NEW YORK County. Secretary of location is: 312 5th Avenue, N.Y., N.Y., 10011 SSNY designated as agent of LLC upon address of LP: c/o The Corporation Trust Co., whom process against it may be served and State is designated as agent upon whom whom process may be served. SSNY Shall mail process to prin. bus. loc: c/o Law 1209 Orange St., Wilmington, DE 19801. shall mail process to: c/o Business Filings process against the LLC may be served. Notice of Qualification of Blackstone DD Debenture Corporate Services, Inc., 400 Name/address of genl. ptr. available from Inc., 187 Wolf Rd., Ste. 101, Albany, NY Secretary of State shall mail a copy of any Advisors L.L.C. Authority filed with Secy. of Madison Ave., NY. NY 10017. Purpose: any SSNY. Cert. of LP filed with DE Secy. of State, 12205, registered agent upon whom process process against the LLC served upon State of NY (SSNY) on 3/25/05. Office location: lawful activity. 401 Federal St., Dover, DE 19901. Purpose: may be served. Term: until 12/31/2045. him/her to COLLEEN M. MEENAN, 396 NY County. LLC formed in Delaware (DE) on any lawful activity. Purpose: any lawful activity. BROADWAY, NEW YORK, NY 10013. 1/3/05. SSNY designated as agent of LLC General Purposes upon whom process against it may be served. Notice of Formation of Michael E. Newman Notice of Formation of LEOPOLD PRODUCTIONS SSNY shall mail process to: The LLC, c/o Advertise on D.D.S., PLLC, a professional service limited LLC. Arts. of Org. filed with Secy. of State Notice of Formation of 570 Lexington The Blackstone Group, 345 Park Ave., NY, liability company (PLLC). Arts. of Org. filed of N.Y. (SSNY) on 8/24/06. Office location: Associates LLC. Arts. of Org. filed with Secy. NY 10154. Registered agent upon whom www.newyorkbusiness.com with Secy. of State of N.Y. (SSNY) on NY County. SSNY designated as agent of of State of N.Y. (SSNY) on 3/29/2001. Office process may be served: CT Corporation 5/9/07. Office location: NY County. SSNY LLC upon whom process against it may be location: NY County. SSNY designated as System, 111 8th Ave., NY, NY 10011. DE designated as agent of PLLC upon whom served. SSNY shall mail process to: agent of LLC upon whom process against it address of LLC: c/o The Corporation Trust Call John Gallagher process against it may be served. SSNY Corporation Service Company, 80 State may be served. SSNY shall mail process to: Co., 1209 Orange St., Wilmington, DE 19801. shall mail process to: c/o The PLLC, 175 E. Street, Albany, NY 12207, registered agent c/o Bernard H. Mendik, 330 Madison Ave., Cert. of Form. filed with DE Secy. of State, 74th St., Ste. 8E, NY, NY 10021. Purpose: upon whom process may be served. NY, NY. Term: until 12/31/2071. Purpose: 401 Federal St., Dover, DE 19901. Purpose: @ 212-210-0189 practice the profession of dentistry. Purpose: any lawful activity. any lawful act or activity. any lawful activity.

June 18, 2007 | Crain’s New York Business | 29 CNYB 06-18-07 A 30 6/14/2007 7:23 PM Page 1

NEIGHBORHOOD JOURNAL Brooklyn park getting a second life

in Bensonhurst. Following years of Greenpoint is Brooklyn’s other funds will allow design work to start $40M to revamp complaints from the southwest one—redeveloped under PlaNYC. right away and for construction to Bensonhurst facility; Brooklyn community about the sor- “It’s really quite extraordinary,” begin in late 2008 or 2009, Mr. DREIER-OFFERMAN will be a regional park. ry state of Dreier-Offerman Park, says Department of Parks and Benepe says. unloved detox center the city has fast-tracked a planned Recreation Commissioner Adrian The need is desperate. The park overhaul. Benepe. “In one fell swoop, they’ll gets a lot of use, but not because it’s manager of Community Board 13. closes in Flushing The mayor has allocated $40 mil- all be developed.” pleasant. Much of the grass was He calls the park “almost a dust bowl lion to revamp the 77-acre site and Lobbied by the community trampled into nonexistence long in some areas.” arely a month after the has earmarked funds for as many as board, park users and local elected ago. And without a single on-site The Parks Department hopes to mayor announced his half a dozen staffers when the proj- officials, the department crafted a worker, maintenance is spotty. Park take advantage of the Gravesend PlaNYC 2030 to make ect is completed in 2010. Dreier- master plan for Dreier-Offerman users have always faced another Bay frontage by adding a kayak Gotham sustainable, the Offerman will be one of eight re- several years ago, says Councilman problem.“There are no bathrooms,” launch. But the biggest draw will be initiative is bearing fruit gional parks—McCarren Park in Domenic Recchia. The infusion of says Chuck Reichenthal, district six soccer fields—all probably artifi- B cial turf,with one lit for night play— and three baseball fields. A parking lot will abut the Belt Parkway. The western half of the park will feature a picnic area, playground, am- phitheater, large lawn and maybe an area to fly model aircraft. And yes, there will be a comfort station. The park dates back to 1933, when the Dreier-Offerman home for unwed mothers folded and be- queathed its patch of land to the Parks Department. In 1962, the agency added 72 acres, much of which was landfill created by debris resulting from the Verrazano-Nar- rows Bridge excavation.“This is one of a number of park properties we have that was never properly devel- oped,” Mr. Benepe says. The project removes the threat of privatization, which Mr. Recchia feared, given how the city and state are pushing for apartment towers in Brooklyn Bridge Park. —erik engquist Rehab center’s demise welcomed to the delight of many members of the surrounding community, a 107-bed drug rehabilitation facility in Flushing, Queens, was quietly shuttered last month. The facility, run by Aurora Con- cept Inc., had opened 35 years ago, despite widespread opposition from local residents. Local officials say that in mid-May,Aurora entered re- ceivership, dismissed employees and referred patients to other treat- ment centers.Office equipment was cleared from the property within a few days. Neighbors are anxiously waiting to see what comes next for the facil- ity, which comprises a property on Parsons Boulevard and a dormitory on 78th Road. “They moved out so secretly, I honestly have no idea what’s in store for that property,” says Alvin War- shaviak, chairman of Queens Com- munity Board 8. “They didn’t even tell us they were leaving,let alone tell us what’s coming in.” Neighbors don’t want Aurora re- placed by another drug rehab center. Nearby,the long-vacant St. Joseph’s MAKING A CASE FOR TEAMWORK. Ellen L. Shapiro Hospital property is being devel- One Chase Manhattan Plaza, 35th Floor oped for a 152-bed detox facility New York, NY 10005-1417 that will move from Manhattan in T 212.440.4400 F 212.440.4401 the fall—a project the community board is still fighting. “We would be adamantly against CALIFORNIA :: DELAWARE :: FLORIDA :: NEW JERSEY :: NEW YORK :: PENNSYLVANIA :: VIRGINIA :: WASHINGTON, DC having another facility like that here,” Mr. Warshaviak says. —hilary potkewitz

30 | Crain’s New York Business | June 18, 2007 CNYB 06-18-07 A 31 6/14/2007 5:18 PM Page 1

BUSINESS CORPORATE LADDER New digital leader at EMI Music brings deal-making know-how PAGE 33 buck ennis

GOTHAM GIGS Trash talk KENDALL CHRISTIANSEN, 50, is the New York City lobbyist for InSinkErator, the leading maker of food waste disposers. He has built a career on the economic potential of trash, starting with his stint as assistant director of the city’s recycling bureau from 1989 to 1991. He has represented InSinkErator for the past decade, first for Geto & de Milly and since 2005 for his own shop, Gaia Strategies. He has been trying to get the city to let restaurants and food stores install disposers. He earns in the low six figures. F.O.G. Mr. Christiansen sometimes calls himself a Friend of Garbage. His ROAD LESS TRAVELED: Grace Brooklyn home is a test Chang’s route to kitchen for InSinkErator. Not work takes her down a scrap of food waste has the Hudson from reached his curb in 10 years. “It Washington Heights. immediately solved our mouse problem,” he says. TRUE BELIEVER Waxing poetic about how disposers turn food waste into fertilizer and reduce emissions from landfills, Mr. Christiansen comes across as a devotee of buck ennis his product. “When my kids ask me in 20 years, ‘What did you do in the war against global warming?’ my answer will be, ‘I tried to keep food scraps out of landfills and Two-wheeled commuters bring them back to the soil.’ ” —erik engquist Biking to work goes mainstream, but amenities lag

EXPERT OPINIONS BY ADRIANNE PASQUARELLI WHAT’S NEW rchitect grace chang begins her commute from Washington IN BIKE ROUTES? Heights at 7:30 a.m., an hour before she’s due at work, but she SNAPSHOT the path connecting forgoes the A train for a different means of transport: her bicycle. Midland Beach and South AVERAGE NUMBER OF YEARS Beach on Staten Island was Ms. Chang, 35, heads south along the Hudson River Greenway at BIKE COMMUTING 5.7 recently extended to include her own pace, enjoying the fresh air and the boats docked at the AVERAGE TIME OF ONE-WAY Fort Wadsworth.The route is West 79th Street Boat Basin. She enters traffic around the Jacob K. COMMUTE 35 minutes paved and quite scenic. Javits Convention Center, zigzagging east through FedEx trucks and PARK OUTDOORS 52% There’s also a newly paved path connecting Wards Island honking cars.The seven-mile ride ends at Robert A.M. Stern PARK INDOORS 48% and Randall’s Island state Architects, on 10th Avenue and West 34th Street. She folds up her Source: NYC Department of Planning parks, where you can picnic on bike, tucks it under her arm and enters the See COMMUTING on Page 32 benches. On weekends, you are now allowed to bring bikes by ferry to Governors Island, which is small and flat—very A beginner-friendly. It doesn’t have bike paths, but there aren’t any cars there, anyway. —hannah borgeson Communications director Bike New York

June 18, 2007 | Crain’s New York Business | 31 CNYB 06-18-07 A 32 6/14/2007 5:21 PM Page 1

BUSINESS LIVES

legislation requiring large commer- cial buildings to offer safe bicycle Commuting on two wheels storage. Continued from Page 31 ing.”Other prominent New Yorkers Queens, to the Upper West Side. Shower and change building. who pedal to work include Trans- Now 160 pounds, she says biking workers also have to be con- “It’s such an enjoyable ride by the portation Commissioner Janette has also become her therapy. cerned about wardrobe changes. water,” Ms. Chang says. “I always Sadik-Khan and Village Voice Biking has its romantic side, too. When she first began biking to work, look for my favorite sailboat.” columnist Michael Musto. On his way home recently, Matt Ms. Chang was so worried that col- buck ennis Advocacy group Transportation Richards,29,witnessed a man on the Grace Chang and her folding bike. leagues would see her arriving in Alternatives estimates that 40,000 Rising tide Brooklyn Bridge getting down on sweat-stained clothes that she fresh- New Yorkers commute by bike—a overall, the number of New York- one knee before a woman. Yelling, ened up and changed into her busi- healthy portion of the 500,000 ers who bike regularly has risen by a “Say yes!” as he cruised by, Mr. BIKE TYPES ness attire at a local McDonald’s. Americans who do so. third in the past decade,to 120,000. Richards was almost to the end of the FOLDING Collapsible; ideal space- Bike commuting’s growing pop- Further,Mayor Michael Bloom- Noah Budnick, deputy director bridge when he heard a resounding saver but not comfortable to ride ularity has allowed her to modify berg gave bike commuting a boost of advocacy at Transportation Alter- “Yes!” in the distance behind him. her routine.“Now I don’t even wor- with PlaNYC 2030,his administra- natives, attributes the boom in part Of course, for all its pluses, bike HYBRID Heavy; sturdy construction ry about it,” says Ms. Chang, who tion’s blueprint for sustain- to the renaissance of neigh- commuting is a major challenge and built for comfort wears athletic attire designed to ability. It calls for 1,380 ad- borhoods like Williams- here. Cyclists have to brave crazy MOUNTAIN Rugged; tough build wick moisture from skin and now ditional miles of bike 40K burg, Brooklyn, and the drivers, deteriorating roads and in- absorbs shock on rough terrain changes at work. lanes—more than three NUMBER of Lower East Side. Such areas clement weather. While some cyclists have the lux- New Yorkers ROAD Lightweight and fast; ideal times the current number— who regularly have attracted an influx of Cars are every biker’s nightmare. ury of being able to shower at the of- by 2030 and 1,200 more on- get to work on twentysomething newcom- The city had 225 cyclist fatalities for distances of 8 miles or more fice, others do so at gyms or depend street bike racks by 2009. their bicycle. ers who are enthusiastic be- from 1996 through 2005. Surveys TOURING Heavy; designed to on their sports clothes’wicking abil- In fact, one of the city’s cause biking saves money on show that regular cyclists who accommodate storage racks ity. Most keep a supply of profes- most high-profile cyclists, Deputy transportation and gyms. choose not to commute by bike on the frame sional duds at the office, bringing Mayor Daniel Doctoroff, is in “People get it; they can feel good most often cite fear of traffic and the items to nearby dry cleaners. charge of implementing PlaNYC. when they’re biking,”says Mr.Bud- reckless drivers as the reasons. Paul Flindt, a 38-year-old con- In an effort to combine exercise nick, 29, who cycles 12 miles be- Emilia Crotty, 25, was going top of the list is secure storage. sultant for Goldman Sachs,totes his with his commute, the 48-year-old tween Bedford-Stuyvesant, Brook- through an intersection on her way Many cyclists are wary of outdoor clothes to work in saddlebags at the has been biking to City Hall from lyn, and his Chelsea office. home one evening when an SUV racks, and few office buildings have beginning of each week. When he the Upper West Side—in fair Health concerns prompted turned into her. She landed under- enough safe storage areas. Ms. forgets, he has to dash over to Cen- weather—for the past five years. Monica Gonzalez, 38. Three years neath the vehicle and sustained a Chang says that’s why she bought a tury 21. “You either replace clothes “It’s the most environmentally ago, the preschool teacher weighed cracked rib. Ms. Crotty now works folding bicycle, which she can stow or just live with it,” he says. “As friendly way of commuting other 220 pounds.She began riding to her for Bike New York, a nonprofit that in a closet.Using an expendable,less weird as it sounds, your first sweat than walking,” Mr. Doctoroff says. workplace—making a seven-and- holds seminars on commuting safely. desirable bike solely for commuting doesn’t smell.” “It contributes to our efforts to re- a-half mile trek over the Queens- Biking also presents logistical is also an option. 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32 | Crain’s New York Business | June 18, 2007 CNYB 06-18-07 A 33 6/14/2007 2:21 PM Page 1

BUSINESS LIVES CORPORATE LADDER Lauren Berkowitz Digital dealmaker New EMI exec will struggling to reinvent itself as a dig- ital enterprise amid dwindling sales. PERSONNEL FILE capitalize on contacts, As the smallest of the major labels, EMI is especially hard-pressed. It is COMPANY EMI Music North iTunes pact; smaller mulling a sale to private equity shop America Terra Firma, though Warner Music TITLE Senior vice president, digital label faces challenges Group said last week that it is con- sidering a counterbid. AGE 35 BY AMANDA FUNG RÉSUMÉ Vice president, global Groundbreaking deal digital business, Sony/ATV Music auren berkowitz be- ms.berkowitz is confident that she Publishing gan negotiating early. It can help EMI build on its recent was past her nap time groundbreaking partnership with HOBBIES Bikram yoga one afternoon, but the Apple. The deal allows EMI to sell MANAGEMENT STYLE Nice but youngster wanted to fin- songs through the online music firm Lish watching Sesame Street. Her fa- store iTunes without digital rights ther held firm and put her to bed. management restrictions—mean- But when he asked for a kiss, the ing users can play downloaded songs site, which was acquired by Bertels- precocious child played hardball on different devices. mann AG in 2000. and said, “No kiss without Sesame She expects to forge similar deals She then held senior roles at the Street.” with Napster and Amazon, and recording and publishing divisions Though she didn’t win that bat- she’ll work to expand EMI’s pres- of Sony Music International, where tle,her bargaining skills have helped ence in the mobile music market. she helped strike deals with global

her succeed in the music industry. “I was happy with my life in Lon- telecom provider Vodafone and Ap- neff david Ms.Berkowitz spent five years at don, but the most exciting deals are ple. The latter agreement led to the Sony BMG Music Entertainment coming out of the United States,” European launch of iTunes out of it can become a digital leader. The $2.4 billion and is expected to ac- in London, ultimately leading digi- Ms. Berkowitz says. Sony’s London office. company is already distributing count for 25% by 2010. But the tal music strategy at Sony/ATV She started her career in acting Ms. Berkowitz remained when tracks through cell phones and oth- company trails the other major la- Music Publishing. and video production but returned BMG and Sony merged,taking over er devices; bels—Warner Music, Sony BMG The San Francisco native recent- to school in the mid-1990s, earning the combined entity’s European Ms. Berkowitz plans to increase and Universal Music Group—in all ly packed up her expertise and came a law degree and an M.B.A. from digital business. She moved to the that business by leveraging her sales segments. to New York to do the same thing Suffolk University in Boston. publishing side in 2005. knowledge of licensing rights and “As the digital business explodes, for EMI Music North America, ax- The Internet boom was going her contacts at mobile providers and we have to keep up,” says Ms. unit of London-based EMI Group. strong when she graduated. Ms. Leveraging knowledge handset manufacturers. Berkowitz. The gig comes with distinct Berkowitz took a job at CDNow the executive says that she left The digital business represents challenges. The music industry is Inc., the first music e-commerce Sony for EMI because she believes 10% of EMI’s annual revenues of COMMENTS? [email protected]

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June 18, 2007 | Crain’s New York Business | 33 CNYB 06-18-07 A 34 6/14/2007 5:22 PM Page 1

BUSINESS LIVES

EXECUTIVE MOVES

ACCOUNTING & CONSULTING FINANCE & INSURANCE Troutman Sanders: Craig M. Kline, 38, BDO Seidman: Paul Marttila, 52, joined IDB Bank: Reuben Rashty, 40, joined as joined as partner. He had been a partner HOT JOBS as partner. He had been a partner at first vice president and head of domestic at King & Spalding. Arthur Andersen. private banking. He was formerly Philip H. Spector, 50, joined as partner. He Citrin Cooperman & Co.: Patrick Daly, 41, president of S&L Holdings Ltd. had been a partner at King & Spalding. WANTED: PRESIDENT was promoted to partner from director. IronPro Claims: Mike Mitrovic, 55, joined Lori Drucker, 49, was promoted to as president. He had been president of MEDIA & ENTERTAINMENT ORGANIZATION Pace University partner from director. AIG Worldwide Financial Lines Claims. IdeaCast Inc.: Jason Brown, 37, joined as JOB DESCRIPTION Managing the university’s strategic plan, overseeing James Lynch, 56, was promoted to New York Life Investment Management: president of sales and marketing. He had growth and development of programs and facilities partner from director. Thomas Girard, 45, joined as managing been executive vice president of national Friedman: Jay H. Goldberg,61,was director and senior portfolio manager. advertising sales at Screenvision. MOST IMPORTANT TASK Recouping enrollment losses PostWorks: promoted to quality control partner He had been managing director at Weiss Sandie Cam, 37, joined as CREDENTIALS NEEDED from principal. Peck & Greer. managing director, theatrical services, a Substantial experience in higher-education Elliot L. Hendler, 72, was promoted to newly created position. She had been administration; planning, public speaking and fund-raising skills partner emeritus from principal. HOSPITALITY & TOURISM producer, business development and SALARY Former president made nearly $700,000 in 2006 compensation Le Parker Meridien Hotel: David I. Cohen, marketing, at EFilm. ADVERTISING & COMMUNICATIONS 44, was promoted to general manager RECRUITER Internal Brandman Agency: Laurie Bodor, 54, from hotel manager. REAL ESTATE UPSIDE Continuing the school’s high-profile capital campaign, which joined as senior director of public rela- Soup Kitchen International Inc.: Damon Ackman-Ziff: Svetlin Ganchev, 30, joined tions, marketing and promotional events. Dranchak, 45, joined as vice president, as managing director. He had been a vice aims to raise $100 million in seven years She had been president of LBB/PR. franchise operations. He had been vice president at Sonnenblick Goldman. DOWNSIDE Dealing with lingering tension after protests against former Brodeur: David Shein, 31, joined as senior president at Auntie Anne’s Inc. Mark Owens, 29, joined as managing president and school administration ended in student arrests director. He had been a senior managing director. He had been a vice president at director at RF|Binder Partners. LAW Sonnenblick Goldman. Former President David Caputo, criticized for being one of the nation’s Wolff Olins: Karl Heiselman, 42, was pro- Dewey Ballantine: William H. Schrag, 53, Linda Yang, 28, joined as director, highest-paid college presidents, stepped down June 3. He plans to return moted to worldwide chief executive from joined as partner. He had been a partner hospitality. She had been a senior as a full-time faculty member in fall 2008 after a sabbatical. His succes- chief executive of Wolff Olins USA. at Morgan Lewis & Bockius. associate at Sonnenblick Goldman. sor will have to deal with the aftermath of protests and a 19% tuition Ropes & Gray: Jerome Katz, 56, joined as Brown Harris Stevens: Karen Duncan, 54, APPAREL & RETAIL partner. He had been a partner at joined as director of sales. She had been increase that caused enrollment to drop by 5%. Pace Law School Dean Tobron Office Furniture Corp.: Ron Chadbourne & Parke. an associate broker at Zeckendorf Stephen Friedman is serving as interim president. Pace enrolls nearly Cocuzza, 60, joined as senior vice Stroock & Stroock & Lavan: Albert J. Marketing. 13,500 undergraduate and graduate students in six colleges, with cam- president. He had been a branch Pinzón, 44, joined as partner. He had Third Avenue Management: Erik puses in New York City and Westchester County. —KIRA BINDRIM manager at BFI. been a partner at Brown Rudnick Kleinbeck, 36, joined as managing Berlack Israels. director. He had been a managing Thomas R. Weinberger, 38, joined as director at Sparx Investment & EXECUTIVE PROMOTIONS partner. He had been a partner at Brown Research USA Inc. The fastest way to get an announcement into Rudnick Berlack Israels. Tishman Construction Corp.: John Krush, been principal and senior managing president. He had been managing Crain’s is to submit details online. Fill out the form Boris Ziser, 38, joined as partner. He had 55, was named executive vice president director at Trammell Crow/CB director and senior counsel at Bear at www.NewYorkBusiness.com/submit. The been a partner at Brown Rudnick of Tishman Construction Corp. and Richard Ellis. Stearns & Co. Executive Moves column is also available online. Berlack Israels. Tishman Technologies Corp. He had James Raved, 38, was named senior vice —adrianne pasquarelli

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34 | Crain’s New York Business | June 18, 2007 CNYB 06-18-07 A 35 6/14/2007 2:24 PM Page 1

BUSINESS LIVES TABLE TALK by Bob Lape pork or shrimp cooked after mari- and out of place. Ditto the bwah beverage selection. Excellent wine nating in tuk trey, a mixture of fish moun,in which jasmine rice,chicken, matches include Grüner Veltliner sauce, vinegar, lime juice, sugar and tiger shrimp,lime juice,Thai chili and and Riesling, and beers from Viet- garlic. The items are build-it-your- other elements foundered in less than nam, Thailand, Japan and the self packages that diners wrap in let- felicitous broth. Philippines are available. tuce leaves and dip in a sauce con- The overall read is that diners taining crushed peanuts. Though can have a lot of culinary discovery COMMENTS? [email protected] flavorful, the crepes require consid- and fun at Kampuchea without em- erable finesse with chopsticks. bracing the noodles. There was also Num pang ($9 to $13) are sand- a long wait between early courses wiches made with toasted baguettes and the uneven mains. that come with pickled vegetables Knowing what we now know, and chili mayo.Pulled oxtail in spicy we’d return to try other grills, like tamarind-basil sauce is terrific, lemongrass quail with lime-black hoisin-laced pork meatballs with pepper sauce or ginger-rubbed rice and light tomato sauce a solid freshwater prawns.And perhaps or- runner-up. der more num pangs, including Small plates from the grill ($9 to pulled catfish with honey, shallots $12) include tamarind- and honey- and peppercorns. glazed baby back ribs that fall from A lot of thought went into the the bone at the touch, as well as lip- smacking organic chicken wings in buck ennis a five-spice chili sauce. BACK OF THE HOUSE: Ratha Chau, who managed several spots in the city, is now the chef. Ten meal-sized soups, stews and cold noodle dishes ($14 to $17) com- pose the heart of the menu.The broth in Phnom Penh katiev,a noodle soup with a bit of everything—shrimp, Remembering chicken,pork and duck—seemed flat Cambodia Small tables, wooden benches It makes $en$e Kampuchea offers and drink menus printed in Mead street food—some notebooks express recollections of early school days. But top-notch for your business good, some not; drinks like blackberry margaritas and “grilled” Bloody Marys, spiked noise off the charts with wasabi and ginger,are definite- to save energy ly not kid stuff. ixed memories of Guests begin with such Cambo- Cambodia course dian “share” plates ($7 to $12) as through this young grilled sweet corn coated with co- and vibrant tribute conut, mayo and chili; a pickle plate to the street food of of zestily spiced watermelon rind, MSoutheast Asia. daikon, cabbage, cucumber and soy ower Saving Partners, management also understand the Ratha Chau, who, with most of sprouts; or honey-glazed crispy PCon Edison and the New importance of energy efficiency. his family, fled Cambodia when he cubes of pork belly.Other shares are York State Energy Research So hotel management partnered was 1, has revisited his homeland chicken, tofu salad, seared sweet- and Development Authority with NYSERDA, and took part in several times. He is best-known as breads, and a spicy and sour treat- (NYSERDA), are offering millions the New Construction Program. the buttoned-up manager of Fleur ment of mussels. de Sel, then the shirtsleeved floor Four savory crepe options ($11 to in incentives for customers in the boss who launched Ribot. Taking a $12) feature vegetables, chicken, New York City metropolitan area An energy-engineering firm under page from his childhood, he now and Westchester County to reduce contract to NYSERDA, Joseph R. commands the open kitchen of electricity use. Participating business- Loring and Associates, Inc., was Kampuchea as owner-chef. KAMPUCHEA es report outstanding results. selected to provide technical Flanked by a chef de cuisine, Mr. 78 Rivington St. assistance to assess opportunities Chau supervises a fascinating menu (at Allen Street) In the heart of the Broadway to improve the overall energy of hits and near-misses.But who has (212) 529-3901 Theater District, and surrounded efficiency of the building. the expertise to accurately judge # ½ by the New York fashion, financial Cambodian—or Kampuchean— and commercial districts, the Measures installed included: cooking? Mr. Chau says the cuisine CUISINE Southeast Asian 820,000 sq. ft. Westin Hotel at variable speed drives on the chilled has no benchmark in New York.The WINES 40 choices, 12 by the question becomes: Do you like what Times Square is one of New York water pumps and on cooling tower glass you’re eating? The answer: Most of City’s premiere hotels. fans and air handlers; and two the time. DRESS Casual 500-ton two-stage, gas-fired Kampuchea is the ancient Khmer NOISE LEVEL Wicked Understanding the importance of absorption chillers. name of the often troubled nation. guest services and comfort, hotel Notorious Khmer Rouge leader Pol PRICE RANGE $14-$17 Pot renamed Cambodia Democrat- WINE MARKUP 140%-215% ic Kampuchea as he exterminated A $365,968 NYSERDA’s incentive CREDIT CARDS All major 1.5 million of its inhabitants. helped the Westin Hotel achieve: The only threat to guests at the RESERVATIONS Recommended • Estimated annual energy reduction of 1,915,758 kWh Lower East Side restaurant is the HOURS Lunch, Fri.-Sun., noon- Photos courtesy Westin Hotel • Estimated summer peak demand reduction of 546 kW fierce noise level born of a full house 4 p.m.; Dinner, Sun.-Mon., 5:30- • Annual operating savings of $160,573 seated amid hard surfaces: pressed- 10:30 p.m., Tues.-Thurs., 5:30-11 Find out how you can save energy and earn tin ceiling, bare wood floors, uncov- p.m., Fri.-Sat., 5:30 p.m.-midnight incentives. Visit www.nyserda.org/programs or ered tabletops and glass walls open call 1-866-NYSERDA. to the street. Soothing and smooth- ####= Outstanding ing the way is an attractive, person- ###= Excellent ##= Very good able staff—that’s Mrs. Chau on the Power Saving Partners door—all of whom “work from their #= Good heart,” Mr. Chau says.

June 18, 2007 | Crain’s New York Business | 35 Project2 6/6/07 1:23 PM Page 1