SECRET SPEAKEASY Don’t worry, bubeleh. The Hester’s kosher CRAIN’S® PAGE 9 NEW YORK BUSINESS

VOL. XXVIII, NO. 50 WWW.CRAINSNEWYORK.COM DECEMBER 10-16, 2012 PRICE: $3.00 Bankrupt

FICKLE FASHION: Ralph Lauren hospital’s remains a force in the luxury world, but his hip grip is slipping along executive with sales. excess Heading into Chap. 11, Interfaith rehired same consultants accused of ‘mismanagement’ in 2011 by state panel

BY BARBARA BENSON

Days before Interfaith Medical Center filed for bankruptcy last week, its board of trustees renewed a $3 million contract to outsource the hospital’s management to a for-profit company. The long-term arrangement is unique in New York’s health care industry and has raised eyebrows for one reason in particular: The for-hire executives are the same ones who led the hospital into the financial ditch. Since 1991, Interfaith has been managed by Kurron Shares of Ameri- ca, run by Corbett Price, a former top See INTERFAITH on Page 7

THE INSIDER Powerful Dressing Down pair take Ralph Lauren’s company is showing its age Albany as younger shoppers flock to competition Senate deal turns Klein and Savino BY ADRIANNE PASQUARELLI rare misstep for the fashion stalwart, younger consumer.” which has enjoyed decades of growth Rugby’s failure points to larger into major players After eight years of trying to attract in the luxury arena. problems at the 45-year-old, $5.7 bil- younger consumers with its youth- “Rugby’s goal was to chase the lion public company. Not only is it BY CHRIS BRAGG oriented Rugby label, Ralph Lauren J.Crew prepster customer who isn’t falling behind rivals like Michael Kors Corp. recently announced it will shut- drawn to a logo,” said Matt Hogan, a and Tory Burch in terms of attracting For two years, it was an open secret in ter the 14-store chain by February. brand consultant. “It was an attempt younger shoppers, it’s also a laggard in Albany political circles that state Sens. The death of the budding brand, to get people based on style and over- the increasingly important accessories Jeff Klein of the Bronx and Diane See RALPH LAUREN on Page 23 Savino of Staten Island were dating. known for edgier prep, represents a all look, with layered pieces for a No one cared much until early 2010,

newscom when the New York Post’s Page Six outed the couple and suggested the re- lationship was affecting Ms. Savino’s REPORT PHILANTHROPY political judgment. That story ran shortly after Mr. Firms give more to fewer causes P. 13 Klein, Ms. Savino and two other disaf- ELECTRONIC EDITION Most generous New Yorkers P. 16 fected Democrats broke from their Democratic Senate colleagues and The List: NY area’s largest nonprofits P. 16 formed the four-member Independent NEWSPAPER See POWER COUPLE on Page 6 STATS AND THE CITY

’TIS THE SEASON? Sandy may have dampened the Christmas buying spirit, but a longer shopping season and an expected uptick in sales nationally could give local retailers some cheer. FYICRAINSNEWYORK.COM

A4.1% retail trade group’s estimated rise in U.S. holiday sales versus 2011, for a total of $586.1B Search widens for next

Days32 between Thanksgiving and Christmas, creating occupant of City Hall the longest possible holiday shopping season any business leaders and others are dreading the coming end of Mayor 1931 Michael Bloomberg Year Rockefeller Center first featured a Christmas tree. M ’s 12 years in office. More than 30,000 lights sparkle on this year’s spruce What was less well known until last week is how much dread Mr. Bloomberg himself harbors 30.8M about his departure from City Hall. Christmas trees purchased in the U.S. in 2011, The mayor’s apprehension came into stark down 6.1% from 2005, with retail value of $1B focus when The New York Times broke a story newsbloomberg about a call he made to Secretary of State Hillary Clinton to urge her to run for mayor.The surprise proposal said as much about Mr. Bloomberg’s feelings toward the current crop of Cards,15.2B+ letters and packages to be delivered by the U.S. Postal Service in the weeks before Dec. 25 candidates as it did about his own lofty assessment of the job. Whatever the reason, since the Sources: National Retail Federation, Rockefeller Center, National Christmas Tree news of the call came out, the mayor has redoubled his efforts to publicly support the candidacy Association, U.S. Postal Service, NYC Parks Dept. and NYC Sanitation Dept.

istockphoto of his longtime presumed pick as successor: Council Speaker Christine Quinn. Meanwhile, another dark-horse candidate, Metropolitan Transportation Authority Chairman GET A ROOM Joe Lhota Manhattan hotel prices have gone up in 2012 compared with a year , crept closer to a mayoral run as a Republican. He has even discussed the prospect with ago, but growth has slowed as the year has gone on. Mr. Bloomberg, who, according to the Times, was noncommittal. (Duh! He’s all in for Ms. Quinn—at least when he’s not trying to lure Ms. Clinton into the race.) And if Republicans can’t +7.7% Avg. daily room rate, change y-o-y persuade the plainspoken transit chief to commit, there’s always supermarket billionaire John +5.2% +4.7% Catsimatidis +3.8% . He has set up an exploratory committee for a mayoral bid, insisting he has what the +3.3% +2.4% city needs. —andrew j. hawkins +1.6% +2.2% -1.8% -0.9% NEW GUY, SAME AX AT CITI. These are While the spinoff won’t be complet- HOORAY! 1/12 2/12 3/12 4/12 5/12 6/12 7/12 8/12 9/12 10/12 hard times for big banks, few more so ed until mid-2013, the company is Source: PKF Consulting than Citi. In response to shrinking moving far faster on another front, SUPERSTORM earnings, the financial giant says it shuttering its money-losing iPad- SANDY VICTIMS will sack 11,000 employees, or 4% of only newspaper The Daily, on Satur- can live in ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY 2,500 vacant its workforce,including big cuts in in- day. … SANDY MORPHS TO POLITICAL apartments that vestment as well as consumer bank- STORM.Temperatures are rising in the were set aside by ing. The cuts, which are expected to tristate battle for federal aid to repair private landlords and NYC. THIS WEEK IN CRAIN’S yield savings of more than $1 billion a damage wrought by Superstorm year by 2014, were the first made by Sandy. Gov. Andrew Cuomo went to THE INSIDER ------1 Michael Corbat, who succeeded Washington to press his case for the OY VEY! Vikram Pandit as the bank’s CEO less $42 billion he says New York needs. IF CONGRESS doesn’t avoid the “fiscal IN THE BOROUGHS------3 cliff,” NYers could pay $43B more in taxes than two months ago. Sadly, though It’s unclear how much President and lose $609M in federal aid in 2013, IN THE MARKETS------4 Citi’s shares rallied on the news, that Barack Obama will request from state Comptroller Thomas DiNapoli said. was partly because Wall Street now Congress, but early estimates peg the SMALL BUSINESS ------8 expects even bigger likely total figure at BUSINESS PEOPLE ------9 cuts by spring. … FOX about $50 billion. EXITS COOP AT NEWS ‘I just think OPINION ------10 That’s far short of CORP. It’s official: he knew what Mr. Cuomo and GREG DAVID------11 Aussie-cum-Ameri- his counterparts in REAL ESTATE DEALS------12 can media giant News something New Jersey and Con- REPORT: Corp. will take its necticut are seeking. 20th Century Fox didn’t feel The tab for their com- 1.7 million-square-foot tower that PHILANTHROPY------13 film studio, Fox News bined wish list runs to will be home to handbag purveyor and Fox broadcast right’ $82 billion. … A NEW Coach. Two miles south, there was THE LIST ------16 NEW YORK, NEW YORK network and spin —Brian Cashman, HOT WEST SIDE HOOD. news of another tower.There were re- Yankees general manager, No sibling rivalry for co- CLASSIFIEDS ------18 them off under the Look out, Chelsea, ports that Larry Silverstein may have new Fox Group um- on signs that slugger TriBeCa, FiDi, et al. roped in the anchor tenants he needs CEOs Patrick and Brooke FOR THE RECORD------21 brella. Those busi- Alex Rodriguez needed Related Cos. has bro- to finally start building World Trade Denihan, who have run their hip surgery growing hospitality company SOURCE LUNCH------26 nesses brought in 90% ken ground for the Center 3. … MIDTOWN NIGHTMARE. of the firm’s operating first tower of what it’s The tragic death of a Korean immi- as a team since 2005. P. 25 OUT AND ABOUT ------27 income last year.Meanwhile,The Wall calling the city’s “next great neighbor- grant pushed into the path of a subway CORRECTIONS Street Journal and other publishing as- hood,” aka Hudson Yards. When train horrified New Yorkers and ignit- Julian Ehrlich is senior vice president in the claims department at AON Construction sets will remain under the News work is done, the West Side project ed a fierce debate over whether the Services Group. His surname was misspelled in the Nov. 26 “Insurance hikes hit Corp. name and will inherit a big pot will boast 13 million square feet of re- New York Post should have put photos builders.” of cash that already has people talking tail,hotel,office and residential space, of the impending tragedy on its front Howard Hughes Corp. will keep open the historic buildings at the South Street Seaport about what the company will buy. plus acres of parks. First up will be a page Dec. 4. —amanda fung as part of its redevelopment plan next year. That fact was misstated in the Dec. 3 “Downtown tourism hurting.” Entertainment and media law firm Frankfurt Kurnit Klein & Selz was founded 35 years ago. That information was misstated in the Dec. 3 Best Places to Work section. STORIES TO WATCH THIS WEEK vol. xxviii, no. 50, december 10, 2012—Crain’s New York Business (issn 8756-789x) is pub- lished weekly, except for double issues the weeks of July Fourth, Labor Day and Christmas, by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid at Dec. 11: Land- Dec. 11: Deadline Dec. 13: 24-hour Dec. 14: Storm- New York, N.Y., and additional mailing offices. Postmaster: Send address changes to: Crain’s marks commission for nonprofits to IHOP opens in damaged South New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one votes on new LED report fundraising Village despite Street Seaport year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2012 by Crain Communications Inc. All rights reserved. lights for Coney and relief efforts community protest. reopens. Island parachute. under new rule

2 | Crain’s New York Business | December 10, 2012 IN THE BOROUGHS BROOKLYN New Y will bring lift to Coney I. Residents hope facility helps buoy storm-hit area

BY ADRIANNE PASQUARELLI

In Coney Island, an area hit hard by Superstorm Sandy,there was at least some good news in recent weeks. STARTING OVER: The The opening of the area’s first $20,430 SUteiShi’s YMCA is still on track—though Victor Chan has raised with a delay of as much as four online has months. put cash in his “We are 100% committed,” said employees’ pockets. Jack Lund, chief executive of the YMCA of Greater New York. “The

buck ennis Coney community will be facing much more difficult circumstances, and the Y can really play an impor- tant role in helping to stabilize it.” The new Y,now slated to open in The crowdfunding solution the second half of next year,has been tailored to the needs of the 50,000 local residents it’s expected to serve. “Everything was destroyed—it he will still keep the funds, but the 1,169 back and approved 72 for The 44,000-square-foot facility will When government was a total loss,” said Mr. Chan, fee will be 9%. loans totaling $7.1 million, a boast two is slow to aid biz hit who, like many owners of storm- For business owners like Mr. spokeswoman said. pools—one for SANDY’S damaged small businesses, lacked Chan still struggling after the Meanwhile, 463 businesses ap- families and one by Sandy, owners funds to rebuild and pay rent and storm, the Internet has proved a plied for emergency loans from the for laps and les- IMPACT turn to the Internet wages. “I put in all of my applica- nimbler way to generate cash flow city, according to the Department sons—plus a tions for loans from the Small Busi- than pursuing government loans. of Small Business Services, which gym and a fit- ness Administration and the city “The money from Indiegogo has approved more than 100, total- ness center with 5 BY ANNIE KARNI and haven’t received a nickel.” still won’t cover everything, but it ing nearly $2.4 million. exercise classes FEET OF WATER flooded Ocean On the advice of a friend, Mr. will help,” said Mr. Chan, who has But on the Internet, millions of to help address Parkway Restaurant owner Victor Chan was Chan turned to the Internet.With- resumed takeout service. “I’m try- dollars have been flowing to restau- the area’s high preparing to throw a party Dec.1 to in days of launching Help ing to hold onto five of my employ- rants,animal shelters,designers,ice rate of diabetes. celebrate the six years since he bet SUteiShi’s Rebuild on the crowd- ees, and that will help toward pay- cream parlors, manufacturers and Among 2 the house to open SUteiShi, a sushi funding site Indiegogo.com,he had ing their salaries.” others who need money now. In- those looking FEET OF SAND joint on Peck Slip. Instead, his low- piled on the sold $20,430 worth of future meals Since the storm battered New diegogo founder Slava Rubin esti- forward to its ar- boardwalk er Manhattan eatery entered its and had 11 more days to reach his York on Oct. 29, the U.S. Small mated that his site raised more than rival is Kimberly fifth week of being shuttered since $50,000 goal. If he hits that num- Business Administration has issued $2 million in five weeks for Sandy- Perkins. When taking on six feet of water during ber, Mr. Chan will pay the website 38,618 applications for business related campaigns. she moved to 2-4 Superstorm Sandy. a 4% commission. If he falls short, loans across the state, received See CROWDFUNDING on Page 7 Coney Island MONTHS’ DELAY two years ago in YMCA with her 1-year- construction Sources: Reports and old son, Alexi, YMCA she didn’t think much about Condo market reawakens swimming classes and basketball courts. But with Alexi now 3, she’s increasingly aware of what’s missing Smaller sites outside Manhat- out and rents setting new highs in the area and why she is so happy Bankers, buyers tan are also stirring to life. In KEYED UP: monthly, this a good time to buy. to see progress on the construction. Williamsburg, Brooklyn, China- Zeckendorf “People understand that with “I didn’t know what it was going and developers all will build a based Xinyuan Real Estate an- $500 million low interest rates and the way rents to be,and when I found out it will be betting the market nounced plans to build 200 condos spire across have gone up to extraordinary lev- a Y,I was ecstatic,”said Ms.Perkins, is shifting to owning near the waterfront, while a few from the U.N. els,it makes more sense to be a buy- who is hoping Alexi learns to swim miles to the south, the Carlyle er than a renter right now,” said and play basketball. Group and a partner unveiled plans Joseph Cohen, a principal at East In the wake of the storm, Coney BY DANIEL GEIGER to build about 200 apartments,plus River Partners, which a few weeks Island is more in need of a Y than a small hotel, on the edge of down- ago began converting two small ever. At present, the closest one is in After five years of little more than town Brooklyn. rental buildings in Brooklyn’s Car- Park Slope, 16 subway stops away. idling, the city’s condominium in- “We’re seeing a new surge in roll Gardens and Park Slope into The Y’s construction is part of a dustry is throttling back to life. condo development,” said Pamela condos. broader effort to revitalize Coney In recent weeks, Zeckendorf Liebman, chief executive of resi- Signs of that rebound in buyer Island kicked off by the city nearly a Development broke ground on a dential brokerage the Corcoran interest are clear. Sales in Manhat- decade ago. Its aim is make im- $500 million luxury tower on a Group. tan in the third quarter soared 35% provements to the area’s commercial long-stalled parcel across First Av- Prompting the urge to get proj- from the same period a year earlier, core as well as its surrounding low- enue from the United Nations, and ects lined up and shovels in the according to Corcoran. and middle-income neighbor- down in TriBeCa, work restarted ground is a greater availability of “That’s a very large increase,” hoods. on another half-billion-dollar proj- construction financing and rising said Ms. Liebman. For openers, the city rezoned 17 ect, an 80-story tower at 56 demand from buyers confident that Out on the streets, the hunger to blocks to allow for expanded retail Leonard St. with condo prices having bottomed See CONDO MARKET on Page 7 See NEW Y on Page 22

December 10, 2012 | Crain’s New York Business | 3 20121210-NEWS--0004-NAT-CCI-CN_-- 12/7/2012 7:21 PM Page 1 IN THE Crain’s sets Web access plan MARKETS Starting today, Crain’s subscribers are by Aaron Elstein New York Business encouraged to take introduces a new full advantage of the metered subscription online content that’s plan for its already included in CrainsNewYork.com their print- website. subscription Under this new package by plan, CrainsNewYork authenticating their .com will provide digital access at readers with full access CrainsNewYork to Crain’s award- .com/DigitalAccess winning content, and following including stories, blog the easy log-in posts, lists, podcasts, instructions. photo galleries and The majority of videos, the complete website users will weekly print issue and a library of 10 years see no change, said buck ennis of Crain’s archives.The full digital access Crain’s New York is valid across all devices: your computer, Business Publisher Jill Citi branch cuts? smartphone and tablet. Kaplan. “We have Crain’s has been charging for online access enhanced the user to the weekly issue for years, but under this experience of our website Just the beginning new metered plan, all site visitors will be able and instituted a current and fair subscription to read up to 10 Crain’s articles per month at model that allows our editorial team to ast week, Citigroup Inc. announced yet another round no charge. After the 10 articles are accessed, continue to provide high-quality journalism,” of job cuts when it said 11,000 employees would be site visitors will be asked to pay $57 for an she explained. “It satisfies the heavy website shown the door, including 1,700 in New York. In annual digital subscription or $67 for a user’s need for deeper Crain’s content while L addition to the Wall Street dealmakers and traders whose combination print/digital subscription that leaving lighter users’ access to the site ranks have been dwindling at Citi and other big banks for includes delivery of the weekly newspaper. unaffected.” several years now, a new group of employees had a target Current subscribers will see no change in For more information and answers to slapped on its back: More than half of the Citibankers their subscription plan. frequently asked questions, go to getting pink-slipped—6,200—are in the division that serves Crain’s print subscribers already have full CrainsNewYork.com/Subscribe. Or call the consumers’ basic financial needs. access to CrainsNewYork.com.Those customer-support team at (877) 824-9379. Loan officers and tellers are get- branches is more or less correct. ting sacked because Citi’s total con- Branches are great billboards for sumer loan portfolio is 2% lower banks, but considering how expen- than a year ago and 20% smaller sive they are to operate, it’s baffling than four years ago—and has little that banks invested so much in chance of recovering anytime soon. them. PNC said it costs the bank With bankers writing fewer $3.97 every time a customer visits a mortgages and home-equity loans, branch to cash a check, inquire Crain’s New York Business Citi is closing 44 U.S. branches, or about balances or report a problem, @CrainsNewYork about 4% of its retail network in this according to a report last week from country.The bank didn’t specify last RBC Capital Markets.The same trans- Crain’s New York Business thoroughly covers NYC’s major week which ones are to be closed, actions cost the bank 59 cents when industries, including Wall Street, media, the arts, real estate, retail, but a recent filing with the Office of handled by an ATM and only nine hospitality, and more. the Comptroller of the Currency showed cents online or via smartphone. New York, NY http://www.crainsnewyork.com it will shutter a branch at the corner Chase executives earlier this year of Canal and Mercer streets in disclosed that their bank would lose SoHo, plus branches across the money on nearly half its retail cus- Hudson River in Bayonne, Nutley, tomers, and no wonder. Crain’s Stats and The City Roseland and Springfield, N.J. No doubt more revenue- It’s a sign of the times. Bank of squeezed banks will be forced to @StatsAndTheCity America Crain’s Real Estate is lopping off 750 branches, shrink their branch networks, with News with numbers, brought to you by and JPMorgan Chase earlier this year last week’s announcement from @CNYBRealEstate @CrainsNewYork. said it would reconfigure its branch Citi underscoring how bloated New York, NY http://www.crainsnewyork.com/cityfacts business by closing some in less- many institutions remain even after Daily coverage of real estate breaking news, deals, prosperous areas and focusing on years of cutting people and pulling executive moves, and events. regions with wealthier clients. out of riskier lines of business. The New York, NY http://www.crainsnewyork.com/realestate Bankers like Chase’s Jamie Dimon say RBC report estimated that the 20 closures are driven by new regula- largest banks need to cut their op- tions that make it tougher to cover erating costs by one-sixth and fire Crain’s Small Business branch operating costs.That’s true, about 5% of their workforces to get @CNYBsmallbiz but the main issue is oversupply. expenses in line with revenue. Over a 25-year stretch begin- One way banks as a group could The @CrainsNewYork guide for small businesses that ning in 1982, the number of com- cut half the costs they need is by helps you learn what you need to succeed. mercial banking branches across closing about 8,000 branches. The New York, NY http://www.crainsnewyork.com/smallbiz the nation doubled to more than question, then, would be which 83,000, even as consolidation branches to close. Presumably, shrank the number of banking banks would target the most un- companies by more than half, ac- profitable ones. That’s where cording to federal regulatory data. things could get explosive, as the So, yes, your impression that your needs of banks may well clash with favorite little shops around the cor- the political pressures to remain ner were being constantly replaced visible in some communities, espe- by Chase, BofA or Wells Fargo cially those that aren’t so wealthy. Ⅲ

4 | Crain’s New York Business | December 10, 2012 emirates.com/usa

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Shower Spas and Private Suites available in First Class. Onboard Lounge available in First and Business Class. Over 500 international awards and over 120 destinations worldwide. Discover frequent flyer benefits at skywards.com 20121210-NEWS--0006-NAT-CCI-CN_-- 12/7/2012 6:53 PM Page 1 THE Catsimatidis to the rescue? INSIDER by Chris Bragg who is skilled in buying distressed including selling some stores to real Mogul seen as likely businesses, are interested in acquir- estate investors or supermarket op- buyer for Food ing the entire business and assuming erators that are either nonunion or its labor contract, said sources with interested only in cherry-picking the Emporium, but knowledge of the sale. Food Emporium locations. Upscale obstacles remain One serious bidder, Christian grocer Morton Williams, for one, is Haub,the former chief executive and among the latter group. chairman of A&P,is no longer a con- “At least half of the Food Empo- BY LISA FICKENSCHER tender—in part, he told Crain’s, be- riums are not suitable for supermar- cause of the union stipulation. kets primarily because of the prolif- Three months after the Food Empo- “Our concerns with the labor con- eration of specialty stores like rium chain was put up for sale, bil- tracts were along several fronts, in- Whole Foods, Fairway and Trader lionaire and aspiring mayor of New cluding total cost, work rules and Joe’s,” which have moved into York John Catsimatidis has emerged general flexibility in order to earn an neighborhoods where Food Empo- as the most likely buyer. But the sale adequate return on the capital we be- riums are located, said Avi Kaner, is hardly signed,sealed and delivered. lieve has to be invested into the stores co-owner of family-run Morton Standing in the way, sources say, to compete successfully in the fu- Williams. Mr. Kaner said he’s in- is a labor dispute and a dearth of fi- quired about just a handful of Food nancially satisfactory offers—and Emporium stores. newscom possibly the fact that Superstorm MOVING UP: Sens. Jeff Klein and Diane Savino are personal as well as political partners. Sandy knocked the deal off course, Earlier deal derailed at least temporarily. Mr. Catsimatidis, on the other About half a dozen suitors ex- hand, has the resources to buy all 17 pressed interest in the 17-store chain, stores.His business holdings include NY’s power couple which controls prime real estate in oil, real estate and two grocery busi- Manhattan and is owned by Great nesses,Gristedes and Red Apple.He Atlantic & Pacific Tea Co.,known as would be able to consolidate back- Continued from Page 1 delivers on his agenda. Mr. Klein A&P.But the field of buyers has been office functions if he added Food Democratic Conference. For the has said he expects votes on several significantly winnowed since Sep- Emporium to his vast portfolio. next two years, Mr. Klein endured bills on the governor’s list that the tember,when A&P was slapped with “We think we can make Food a slew of negative tabloid stories, GOP-led Senate had stymied, in-

a lawsuit from Local 342 of United buck ennis Emporium a successful operation,” including one about his illegal pet cluding measures to increase the Food and Commercial Workers, a SUPERMARKET SWEEP: John Catsimatidis’ said Mr. Catsimatidis, who was close iguana. For Mr. Klein and Ms. minimum wage, reform campaign union that represents some of Food portfolio includes Gristedes and Red Apple. to purchasing the chain two years ago. Savino, the fingerprints of former finance and legalize possession of Emporium’s 1,100 employees. The deal was derailed when A&P Democratic allies were always evi- small amounts of marijuana. filed for bankruptcy protection. dent. “That’s the kind of silly Mr. Klein has become one of Best price vs. preserving jobs ture,” said Mr. Haub, who runs in- The current union situation like- things they do,” Ms. Savino said the four most powerful lawmakers Local 342 is pressuring the com- vestment firm Emil Capital Part- ly helps his position because of his earlier this year. in Albany at the expense of his old pany to sell Food Emporium as a ners. Mr. Haub added that he had willingness to assume the entire colleagues, who bounced him as whole unit and also to ensure that the asked to speak with the union direct- business. Politics and payback their campaign head following the buyer honors its labor contract, ly but that A&P declined his request. Mr. Catsimatidis said A&P has Last week, in no small part be- 2010 elections, in which Democ- which expires in 2016.It is asking for Similarly, according to the yet to pull the trigger on a deal be- cause of personal animosity, the rats lost their fragile Senate major- a court injunction to stop the sale so union’s complaint, A&P has not cause of damage to some of its 320 power couple’s faction struck a deal ity after just two years. Still, Mr. an arbitrator can rule on the terms of shared information regarding the stores in New Jersey and other areas with Republicans to form a parlia- Klein’s ambitions for statewide of- the labor agreement. At issue is fi- sales process with the union, as its as a result of Superstorm Sandy.The mentary-style governing coalition, fice give him motivation to keep nancially strapped A&P’s need to get agreement states it should do. parent company owns Pathmark, a first for the state Senate. It will progressive groups happy. Ms. the best price for Food Emporium, A&P declined to comment for Waldbaum’s, A&P, Superfresh and mean juicy perks for the Democra- Savino will need to push through considered its crown jewel, and the this article, but industry experts be- Food Basics. tic splinter group, which last week progressive legislation to mollify union’s mission of preserving jobs. lieve the company wants to keep its “Their attention has been divert- added a fifth member. Mr. Klein union allies infuriated by the deal Few besides Mr. Catsimatidis, options open to get the highest price, ed,” Mr. Catsimatidis said. Ⅲ will share the chamber leadership with Senate Republicans. with Republican Dean Skelos. The arrangement preserves the Conflicting interests GOP’s foothold in state govern- All that presents a conundrum ment for two more years and per- for Mr. Skelos and the coalition’s haps much longer. The main fac- long-term viability. tion of Democrats,who on election “This coalition is unelectable,” night had appeared headed toward said one Democratic operative. “If control of the chamber, con- they don’t go far enough [to the demned the deal as a “coup.” left], labor is going to say the De- It remains to be seen how the el- mocrats sold out. If they go too far, evation of the Klein-Savino dy- Republicans will lose in primary namic will play out for the business challenges. It’s a lose-lose.” community. Mr. Klein fashions A source close to Mr. Klein ar- himself as a moderate, business- gued that because Mr. Skelos will friendly Democrat. He has raised be sharing power with a Democrat, prodigious amounts of money from Senate Republicans will have “po- the real estate industry and other litical cover” to bend to Mr. Cuo- business interests and has sought to mo’s demands.But Mr.Skelos’em- reduce their regulatory hurdles. brace of Mr. Klein has angered Ms. Savino was a top union organ- state Conservative Party Chair- izer before joining the Senate and man Mike Long, who helped oust remains a supporter of labor and Republicans who voted for gay liberal causes. She has half- marriage in 2011. If the progres- jokingly described herself as a sive bills favored by Mr.Cuomo are “communist” compared with the watered down by Republicans,jilt- other Democrats in her conference. ed Senate Democrats may be un- Gov. Andrew Cuomo, whose willing to lend their support— failure to campaign for a Democra- forcing rank-and-file GOP tic Senate majority led insiders to lawmakers into tough votes. Ⅲ believe that he wanted Republicans to keep control, said he will judge LISTEN to a discussion at the revamped Senate by whether it CrainsNewYork.com/podcasts

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6 | Crain’s New York Business | December 10, 2012 20121210-NEWS--0007-NAT-CCI-CN_-- 12/7/2012 7:22 PM Page 1

own cash have been able to get their NYC’s condo market reawakens projects out of the earth. At 50 United Nations Plaza, for Continued from Page 3 Adding fuel to developers’ambi- cial institutions backing the example, Zeckendorf covered part buy is colliding with a market starved tions is lenders’ growing willingness Leonard Street project. Among of the $500 million building cost for product. During the recession, to pour tens of millions of dollars them are Emigrant Savings Bank by bringing in a partner, Global the pipeline of new units hitting the back into the condo sector, both to and CIT, institutions that until a Holdings. market narrowed hugely. finance construction and provide few months ago were not active on “Candidly,they do the heavy lift- By the end of the year, 876 con- mortgages to buyers. condo development deals. ing on the lending side,” said do units will be built in Manhattan, “It took time for some lenders to William Zeckendorf, the develop- according to Corcoran estimates. settle down and take a deep breath,” Lingering memories er’s co-chairman. That is a fraction of the nearly said Peter D’Arcy, a real estate But even as the market gains mo- Meanwhile, an even bigger pos- 3,000-unit annual average over the banker at M&T Bank. “We started mentum, that progress is coming sible hurdle looms on the horizon past decade, much less the roughly seeing lending pick up in 2011, and despite a number of significant hur- for would-be condo buyers. As part 8,000 units added in the boom year now in 2012 the bigger banks like dles that have cropped up since the of the “fiscal cliff ” negotiations in of 2007. Bank of America and Chase and real estate crash. After having suf- Washington, proposals have been Wells Fargo are back out there.” fered titanic losses in the sector, floated to end or at least limit tax- Supply set to surge Buffalo-based M&T Bank has many banks remain wary at best. As payers’ deductions for mortgage With developers now rushing to been among the more active lenders a result,even projects by the best de- payments. build or convert units to meet the in the city, financing such projects velopers and in the most sought- “The mortgage tax deduction is demand,Ms.Liebman predicts that as 56 Leonard St., the Carlton after locations can’t count on loans certainly a factor [in people’s will- the inventory of new condo apart- House conversion on the Upper of more than 65% of construction ingness to buy a condo],but it is only ments will jump next year to 2,400 East Side, and a new condo under- costs. That has saddled developers one component,” Mr. Cohen said. units. And that does not include the way at 150 Charles St. in the West with the task of sourcing millions of Still, at this point the deduction projects announced in recent weeks. Village.The list of willing lenders is dollars of equity.As a result,only de- is an incentive that the financers,de- herzog meuron & de They will not begin to hit the mar- growing by the day, as evinced by velopers with solid connections to velopers and buyers of condos would JAGGED COMER: Work has restarted on an ket until 2014. the names in the syndicate of finan- equity backers or huge piles of their like to see stick around. Ⅲ 80-story condo tower on TriBeCa’s Leonard St.

were getting did not seem like we malpractice and liability costs. were overpaying, and that con- In last week’s bankruptcy filing, Interfaith rehires outside execs firmed it.” Interfaith said it is “approaching a Mr. Price was asked to join the break-even level.” Continued from Page 1 payer, it was among a group of hos- bankruptcy “a lot longer than if we Interfaith board in the 1990s. He Many hospital boards—Brook- executive with the for-profit chain pitals in the borough whose finan- had less experienced executives.” was listed as a trustee on the Brook- dale Hospital Medical Center is one Hospital Corporation of America. cial woes were the “product of a long “If anything,you should congrat- lyn hospital’s tax filing as late as example—hire restructuring con- Until 2010,Mr.Price was also an In- history of weak governance and ulate management for taking us as 2010, when the hospital paid Kur- sultants for a year or two to help terfaith board member, a position mismanagement [and] overwhelm- far as we have gotten,” he said. ron $3.4 million. Mr. Price volun- them climb out of a deep financial that posed a potential conflict with ing liabilities accumulated on their The renewed contract places five tarily left the board that year, ac- hole. But Interfaith is the only local his fiduciary duty to the hospital, balance sheets.” Kurron employees in top jobs at In- cording to Mr. Barotz. He said Mr. hospital to have outsourced its man- one observer said. terfaith: chief restructuring officer Price always recused himself from agement for decades. In recent years, with the hospi- Management or Medicaid? (Mr. Price), chief executive and all contract discussions. The executive contract may not tal’s finances deteriorating, the De- The hospital’s board chairman, president (Luis Hernandez), plus a “That addresses the letter of the survive restructuring, sources said. partment of Health-approved con- Nathan Barotz, said Interfaith re- chief financial officer, chief operat- law,” noted Howard Berliner, a vis- The likeliest outcome of Chapter 11 tract was never terminated. That newed the contract for its out- ing officer and special counsel. iting professor of public health at is a merger with the Brooklyn Hos- held true last year even after Inter- sourced executive team, as well as its Mr. Barotz thinks the contract New York University’s Steinhardt pital Center that would turn Inter- faith’s operations were criticized by legal and financial advisers, on the was a relative bargain. Top hospital School. “But in practice, it’s hard to faith into an ambulatory-care facili- a panel of the Cuomo administra- recommendation of its lawyers,who executives easily earn more than $1 believe that allows the rest of the ty with inpatient and outpatient tion’s Medicaid Redesign Team. said doing so was standard bank- million, even at troubled facilities. board to have a frank discussion psychiatric services. That could The 2011 report singled out In- ruptcy protocol. Interfaith asked its financial adviso- about a fellow board member who is make the Kurron team extraneous. terfaith and other financially trou- In 2010, the board did have a ry firm, CohnReznick, to examine running the place.” If so, it would be ironic. In 2004, bled Brooklyn hospitals for “years of “few conversations” about hiring an the Kurron contract. Cohn- Mr. Price told The Wall Street Jour- relying heavily on shrinking Medic- in-house team to lead Interfaith, Reznick—which got $546,600 for Surviving bankruptcy nalhe expected an uptick in Kurron’s aid dollars, along with excess bor- said Mr. Barotz. But many other services from Interfaith for restruc- Interfaith was created on a shaky business as more hospitals filed for rowing, wasteful spending and mis- Brooklyn hospitals had in-house ex- turing advice prior to the bankrupt- foundation in 1982 by the merger of bankruptcy and boards fired in- management.” ecutives, yet they too struggled.The cy filing,plus a $250,000 retainer af- Jewish Medical Center of Brooklyn house executives. While the report acknowledged board concluded that the problem terward—looked at Crain’s annual and St. John’s Episcopal Medical “There will be more failures and that Interfaith serves low-income was not management but low reim- hospital salary list to compare com- Center. Kurron gradually slashed bankruptcies,” he said at the time. residents in Bedford-Stuyvesant, bursement rates. pensation levels. the number of beds to the current “The greater the pressure on the where Medicaid is the predominant The hospital was doing “very “This is well in the middle of the 287, from 620. In 2004, it saved $14 health care industry, the more diffi- well” until the Medicaid rate cuts of range,” said Mr. Barotz. “Their million by shutting two primary- cult it is for the current managers LISTEN to a discussion at recent years, Mr. Barotz said, and analysis didn’t surprise me; $3 mil- care clinics and ending Interfaith’s and boards to continue to create CrainsNewYork.com/podcasts Kurron kept the hospital out of lion [annually] for everything we maternity service because of high profitability.” ■

The Bloomberg administration loan application there are delays and The crowdfunding solution sees crowdfunding as complement- caveats and a lag time,” said Sarah ing, rather than supplanting, gov- Corey, a marketing manager at Ice- ernment services to Sandy victims. Stone.“It’s been smooth raising mon- Continued from Page 1 “When a disaster strikes, it’s not “I needed to get some quick mon- “Our low-interest loans can serve ey quickly on this [online] platform.” “When newsworthy events hap- the best time to lend to a company ey to make up for lost sales, and I different needs,” a spokeswoman Drawbacks of crowdfunding in- pen, all of a sudden folks are using In- because the risks might be higher,” wanted to give my customers and said. “Crowdfunding sites generally clude fees—Indiegogo’s can be sev- diegogo as a collective call to action,” said Jay Lee, chief executive of friends a way to help support me,” work best for highly consumer-fac- eral times more than credit cards de- Mr. Rubin said.“When [Mitt] Rom- Smallknot.com,which launched last said owner Susan Povich. “I also ing businesses, [such as] a dynamic mand. Businesses that sell meals or ney mentioned cutting PBS funding, June in the East Village. “For us, we wanted to find a way for them to help brand that consumers would want to services to be provided in the future right away there was an Indiegogo think about the engagement of com- without just writing me a check.” contribute money to. The emer- must carefully manage their tax pay- campaign to save Big Bird.The same munity and customers who want gency loan requires no competition ments and cash flow. And interest in sort of thing happened for Sandy. these places in the neighborhood, Alternative to charity to meet a target.” helping a cause can be fleeting. People were completing campaigns and a disaster heightens that. The Ms. Povich is selling gift certifi- But even manufacturers have seen “The money coming into cam- within minutes of the news.” important thing is that there are oth- cates online, where she has quickly success online. IceStone, a company paigns is starting to slow down now, er ways to finance than filling out an raised $32,912 toward her $75,000 that makes glass and cement counter- but people are still giving,” Mr. Rubin Disaster response application for a bank loan.” goal.Then,last week,she learned that tops at the Brooklyn Navy Yard, suf- of Indiegogo said. “The downside to Other small platforms that spe- Smallknot raised in excess of her application for a $25,000 loan fered upward of $500,000 in damage the speed is how quickly public atten- cialize in helping small businesses, $100,000 from more than 1,000 sup- from the city had been approved. after the storm. The company might tion changes. But there are a lot of like Smallknot.com and Lucky- porters for businesses damaged by On LuckyAnt, Kevin’s Bistro in lack the neighborhood appeal of a people and businesses that could still Ant.com, have raised hundreds of Sandy, he said. One of them was the Red Hook raised more than twice its bakery or a local watering hole, but it use the support.” ■ thousands of dollars for businesses Red Hook Lobster Pound.The pop- goal of $3,000.The owners,a married has raised $7,980 on Smallknot. “We ravaged by flooding in lower Man- ular eatery was inundated by saltwater, couple, saw an outpouring of $6,890 were looking to work with SBA or get LISTEN to a discussion at hattan and Red Hook, Brooklyn. like the rest of the neighborhood. by Dec. 3. city and state assistance, but with a CrainsNewYork.com/podcasts

December 10, 2012 | Crain’s New York Business | 7 SMALL BUSINESS Affordable insurance eludes firms Small businesses find the right policies ready had, he needed business- creasingly necessary for small firms. interruption insurance. But two That’s an issue that’s become abun- scarce and often priced out of reach years later—with winter weather ar- dantly clear after Sandy, when many riving and Hurricane Sandy’s dam- local business owners have discovered pared meals to a customer’s home. age done—he still doesn’t have it. the hard way that they should have BY EILENE ZIMMERMAN Twice, winter storms prevented “We actually can’t find coverage purchased business-interruption or, drivers from delivering meals in for this we can afford,” he said. “It in some cases, flood insurance, which he winter of 2010 was New York City. All told, it cost the looks like it could be more than not all mortgage lenders require. tough for Zalmi Duch- profitable 250-employee company, $50,000 a year.” Although New York City busi- man, founder and chief which has about $30 million in an- nesses with employees must have Post-Sandy necessity executive of Fresh Diet. nual revenue, about $50,000. workers’ compensation, unemploy- buck ennis His company, which Mr. Duchman decided that Having insurance above and be- ment and disability insurance under FRESH DIET’S Zalmi Duchman needs an Thas a Brooklyn office, delivers pre- in addition to the insurance he al- yond what’s legally required is in- New York state law, they aren’t al- affordable business-interruption policy.

ways required to buy other types of policies that might be helpful, said Stuart Antell,a business law partner STYLISH. BEAUTIFUL. at Ferber Chan Essner & Coller in Manhattan. If you lease a retail CUTTING-EDGE. space, for example, your landlord might require you to have liability BREAKING GROUND ON WORLD-CLASS insurance, but not always. However, HEADQUARTERS FOR LEADING-EDGE BRANDS he said, “it makes sense to have it.” Many small business owners find it tough to obtain the right policies at affordable prices, so they don’t buy insurance until big clients push them to get it. Atma Global, a prof- itable Manhattan-based publisher of multimedia learning products, has 35 full-time employees and con- sultants globally, and revenue in the low seven figures. It didn’t have business insurance until two years ago, when a large client told CEO Sanjyot Dunung that she needed to have both general liability and busi- ness insurance to become a vendor. “I did a lot of Internet research,but because of our category—content and multimedia publishing—there isn’t a lot of insurance information,” Ms.Dunung said.A friend put her in touch with Insureon, an online com- mercial agency with 50 employees fo- cused on small businesses, primarily those with 10 people or fewer. “They were good at understanding what we needed quickly,” said Ms. Dunung. Atma’s new coverage costs less than anticipated—about $4,000 a year. Cyber insurance Related Companies and Oxford Properties Group Urged by a client, Paul Basile, welcome Coach to the fi rst tower CEO and founder of Matchpoint Careers in Manhattan,was trying to in New York’s next great neighborhood. get what’s known as cyber insurance but was having a tough time. Matchpoint uses assessments that predict performance to match can- didates with jobs and careers. It launched two years ago, has seven employees and isn’t yet profitable. hudsonyardsnewyork.com Recently, Matchpoint’s largest client told Mr.Basile that his compa- ny needed cyber insurance should his IT infrastructure or data be compro- mised. Insurance companies asked Matchpoint for a three-year record of performance and a list of clients. “Those questions are very hard to answer if you’re a young company,” he said. Matchpoint finally secured cyber insurance through Bermuda- based Argo Group. Although he considers the premium expensive, Ⅲ exclusive he’s glad to have the coverage. leasing agent To sign up for Crain’s SMALL BUSINESS newsletter, go to www.crainsnewyork.com/smallbiz.

8 | Crain’s New York Business | December 10, 2012 BUSINESS 29% of employers have caught fake references on job applications PEOPLE Source: CareerBuilder

EXECUTIVE MOVES

United Nations Federal Credit Union: William Predmore, 57, was promoted to chief executive and president of the financial cooperative. He was previously executive CHOSEN PEOPLE: vice president. Itta Werdiger Roth’s CNN Worldwide: Jeff Zucker, 47, joined invitation-only the news organization as president. He parties fill a void in was previously executive producer of the city’s Jewish Katie for NBCUniversal. cultural life. ?What If! Innovation Partners: Barrie Berg, 51, joined the consulting company as global chief executive. She was previously an independent consultant. Fireman Hospitality Group: Andrea Roman, 42, joined the restaurant group as director of sales. She was previously director of sales and marketing at Planet Hollywood. HSBC Bank USA: Richard Eiseman, 59, was promoted to senior vice president and senior area manager for upper Manhattan. He continues as senior vice president and senior area manager for HSBC Securities. William Lardin, 46, was promoted to senior vice president and senior area manager for midtown Manhattan. He continues as senior vice president and senior area manager for HSBC Securities. MediaWhiz: Ori Carmel, 33, joined the

buck ennis digital media agency as vice president, performance strategy, a newly created position. He was previously chief GOTHAM GIGS marketing officer at Talktala. Speakeasy Inc.: Elizabeth Lieberman, 45, joined the communications and executive development company as vice president, business development, a newly created position. She was Secret schmooze club previously an independent fundraising and nonprofit management consultant. Hunter Roberts Construction Group: Bob Ditmas Park home by day. The Hester at night Belitz, 45, joined the construction management company as vice presi- dent of finance and controller. He had Secret supper clubs are having their moment, and native Australian from a Lubavitch family. ¶ been division controller at Arcadis. A kosher in Brooklyn it’s not entirely uncommon to see a Because kosher nightlife is hard to find, it brings Hofstra University’s line of well-dressed young people outside an in a large crowd of mainly modern Orthodox Maurice A. Deane speakeasy School of Law: inconspicuous building. On a Tuesday in October, people from across the city. A few guests venture Jennifer Gundlach, connects the Ditmas Park home of Itta Werdiger Roth, a from Long Island or New Jersey. ¶ The name “the 41, was promoted to mother of two, was converted into the Hester—a Hester” has a twofold meaning. It’s the Hebrew senior associate dean Jewish for experiential “speakeasy” featuring a live band, specialty word for “hidden,” and also refers to Kate Hester, education at the Maurice A. Deane brothers cocktails and kosher food. ¶ Inside the Victorian, the Prohibition-era proprietor who coined the law school, a newly created position. about 100 people noshed on sheep-cheese term “speakeasy.” ¶ Word-of-mouth and recent She was previously senior associate and sandwiches with walnut pesto and apple-thyme write-ups on J-Date have outed the Hester, but dean for academic affairs and continues as clinical professor of law. shvesters tarts with smoky Scotch ice cream, sipping the guest list remains invitation-only. Patrons The Flatiron Room: Heather Greene, 38, highballs of “Itta’s vanilla guerrilla cocktail.” A must register in advance, then get approved via joined the cocktail lounge as whiskey sommelier, a newly created position. band, the Sway Machinery, fused vocals in a style email by Ms. Werdiger Roth before buying a She was previously whiskey specialist inspired by Jewish cantors with funk and blues. ¶ ticket for about $30. ¶ Recently, she threw her and ambassador at Glenfiddich. Ms. Werdiger Roth started the Hester a year ago first “Lady Hester,” a women-only dance party Nixon Peabody: Tushna Gamadia, 39, joined the law firm as counsel in its to fill a void in New York’s Jewish cultural (because dancing in front of men violates Jewish real estate practice group. She was landscape: a bar with live music and kosher food. law) featuring several female musicians and DJs. previously a member of the legal closing group at Citigroup Global “People like to go out, and I think this combines The Hester website described it as “like the Capital Markets. that with a Jewish cultural evening,” said the Hester, but with only your shvester.” —ali elkin —eva saviano

December 10, 2012 | Crain’s New York Business | 9 OPINION CRAIN’S NEW YORK BUSINESS

New Senate, old problems editor in chief Rance Crain publisher, vp Jill R. Kaplan he state Senate was turned upside down Senate Republicans and some business groups despise. If the EDITORIAL editor Glenn Coleman last week by an unprecedented power- New York City Council is any indication, having taxpayers managing editor Jeremy Smerd sharing arrangement between Republicans fork over $6 for every dollar raised by candidates does not deputy managing editors Valerie Block, Erik Ipsen and a breakaway faction of Democrats. But produce a business-friendly Legislature. assistant managing editor Erik Engquist the issues confronting New York remain Two matters of importance to the business community senior producer, news Elisabeth Butler Cordova news producer Amanda Fung the same, and Gov. Andrew Cuomo was did not make Mr. Klein’s priority list and were also missing contributing editor Elaine Pofeldt correct when he said the restructured from a “litmus test” that Mr. Cuomo released last week for columnists Greg David, Alair Townsend crain’s health pulse editor Barbara Benson Senate should be judged on how it deals with them. the revamped Senate. senior reporters Theresa Agovino, One immediate ramification: an expected vote on a One is the workers’ compensation system, which has seen Aaron Elstein, Lisa Fickenscher, Matthew Flamm T reporters Chris Bragg, Daniel Geiger, minimum-wage increase, which Senate Republicans blocked no significant improvements since an early-2007 fix.That Andrew J. Hawkins, Annie Karni, last session. Bronx Sen. Jeff Klein, who heads the splinter reform’s savings have since been whittled away by insurance Adrianne Pasquarelli web reporter, producer Nazish Dholakia group of five Democrats that will share control of the premium increases, and art director Steven Krupinski chamber, is the prime Senate sponsor of the minimum-wage its shortcomings have deputy art director Carolyn McClain Albany has lots staff photographer Buck Ennis bill, and appears to have received assurance from his new gone unaddressed. copy desk chief Steve Noveck Republican partners that a vote will happen. (If it doesn’t, his of unfinished Groups that follow copy editor Thaddeus Rutkowski new co-presidency of the Senate could be considered workers’ comp have data editor Suzanne Panara business assistant data editor Emily Laermer worthless.) But there is speculation that the bill, which would suggestions to make researchers Eva Saviano, Amy Stern hike the statewide hourly wage floor to $8.50 from $7.25, the system better.The intern Ali Elkin could be stripped of a provision indexing the wage to governor and legislative ONLINE AND INTERACTIVE SERVICES senior web developer, interactive inflation. Indexing was an important reason we endorsed the leaders (now four men Chris O’Donnell in a room) should adopt some in 2013. proposal last February; it would essentially take the possibility ADVERTISING, MARKETING AND PRODUCTION of big increases off the table, rather than subjecting minimum The second issue is unemployment insurance.The fund advertising director Trish Henry wage to the whims of an ever-changing Legislature. Indexing that pays jobless claims had its seemingly safe surplus wiped senior account managers Irene Bar-Am, Courtney McCombs, Suzanne Wilson offers predictability, which businesses need. out by the economic downturn following the 9/11 attacks account executive Jill Bottomley Kunkes Mr. Klein also said campaign finance reform—which and never recovered.Today it is several billion dollars in the sales coordinator Danielle Wiener newsletter product manager Alexis Sinclair Republicans also stopped—would get a vote next year. A fair red. New York cannot depend indefinitely on federal loans to credit Todd J. Masura (313-446-6097) compromise would reduce what donors can give to political sustain the program. But it must be brought to solvency in a director, audience development Michael O’Connor campaigns but not impose a public-financing model that manner that businesses can afford. senior marketing manager Catherine Schutten event producer Courtney Williams reprint sales manager Lauren Melesio CRAIN’S ONLINE POLL COMMENTS production and pre-press director Michael Corsi advertising production manager Suzanne Fleischman Wies Power politics TO SUBSCRIBE: For print and digital subscriptions or customer service, e-mail [email protected] HOW TO FIX LONG ISLAND service municipal utility, LIPA More buffoonery from these or call 877-824-9379 (in the U.S. and Canada) or POWER AUTHORITY would be operated by twits in Albany.They look like 313-446-0450 (all other locations). $3.00 a copy for professional utility statesmen only when compared the print edition; or $99.95 one year, $179.95 two Crain’s Nov. 19 editorial, management. The utility to the New York City Council. years, for print subscriptions with digital access. www.crainsnewyork.com/subscribe “Amateur hour at LIPA,” functions would then be More nonsense. Will they bloomberg newsbloomberg makes clear why fundamental carried out by LIPA workers prorate the money they TO ADVERTISE: change is needed at the utility, and not by major outside “appropriate” for their Contact Advertising Director Trish Henry at WOULD YOU VOTE FOR whose operational structure is contractors, as they are today. chamber’s leadership? [email protected] or call 212-210-0711. unlike any in the country. Clear accountability and —barney agate www.crainsnewyork.com/advertise HILLARY CLINTON IF SHE Because LIPA has a control would be established, FOR INFORMATION ON OUR EVENTS: staggering $11 billion in debt, while improving efficiency and RAN FOR MAYOR IN 2013? WANTED: ANOTHER Contact Event Producer Courtney Williams at some of it from the closure of improving communications. BILLIONAIRE MAYOR [email protected] or 212-210-0257. Yes. She has the experience, toughness and the Shoreham nuclear-power —matthew c. cordaro www.crainsnewyork.com/events star power to be effective. plant, the best viable option is The writer is chairman of the Re your Dec. 4 online poll No. She is tired and wouldn’t give it her all. for it to become a full-service Suffolk County Legislature LIPA (“Would you vote for Hilary TO CONTACT THE NEWSROOM: Plus, her eyes are always on a bigger prize—the municipal utility. More than Oversight Committee and a Clinton if she ran for mayor in 711 Third Ave., New York, NY 10017-4036 editorial phone: 212.210.0277 fax 212.210.0799 presidency. 2,000 utilities in the country former CEO of public and 2013?”): It certainly says a lot are organized in this manner, private utility companies about the quality (or lack of it) Entire contents ©copyright 2012 Crain Communications Inc. Date of poll: Dec. 4 All rights reserved. ®CityBusiness is a registered trademark most with competitive electric among the current crop of of MCP Inc., used under license agreement. 355 votes rates and high customer ALBANY SELF-DEALING possible mayoral candidates satisfaction. that we are considering a PUBLISHED BY CRAIN COMMUNICATIONS INC. Privatization would require The Insider blog’s “Break up possible candidate to run the chairman Keith E. Crain all of LIPA’s tax-exempt debt to the Senate: GOP,Dems ink city who is qualified in skills president Rance Crain be converted to taxable debt. deal” (Dec. 4) reminds me of but not in residency. secretary Merrilee Crain (1942-2012) 41% treasurer Mary Kay Crain No This alone would raise Long that proverb (or is it a curse?) With all his faults, Mayor executive vp, operations William Morrow 59% Island’s very high rates by 20% “May you live in interesting Michael Bloomberg has left a senior vp, group publisher Gloria Scoby Yes or so. In addition, a private times.” It is either a new form very high standard for the next group vp, technology, circulation, operator would need to make a of bipartisanship or a new form mayor. Are there any other manufacturing Robert C. Adams profit, putting further pressure of insanity known only to the civic-minded billionaires out vp/production, manufacturing David Kamis on rates. Senate of New York state. there who would like to run? chief information officer Paul Dalpiaz By reorganizing as a full- —elinor —marty founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) FOR THIS WEEK’S QUESTIONS: CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send columns of 475 Go to www.crainsnewyork.com/poll to have your say. words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number.

10 | Crain’s New York Business | December 10, 2012 DIVERSIFY YOUR HOLDINGS at America’s First Boat Show

VIN CIPOLLA They can’t undercut it by supporting or underwriting development in It’s time to review your hazardous areas. portfolio and invest in ● Create a more adaptable approach The next storm—and to keeping our city safe by incorporating yourself. Come see ecological solutions. Some areas re- quire costly interventions to prevent what’s new for 2013! what NY needs to do storm surges. But elsewhere we Find the best in boats must innovate and embrace ecolog- ical approaches—for instance, by and marine gear, s many communities and homeowners across the adding permeable material to our engines and electronics region grapple with the tragic consequences of streetscapes and rooftops to better Superstorm Sandy, conversations have shifted manage water, or, more broadly, by at the world’s first and integrating the disciplines of land- from the immediate crisis to the long-term chal- scape architecture, development longest-running boat lenges presented by severe weather.What the gov- and sustainability, and seeing them show. ernor, mayor and other leaders have made clear is that we can’t as indispensable parts of a city. A ● Refine and re-examine building- continue to do what we’ve done and expect different outcomes. code regulations.We must think more The challenges to our city and region will only grow if we creatively about the next generation of buildings and the opportunities don’t come to terms with the diffi- ularly prone to natural disasters. We need to decentralize the power grid. cult work ahead. As many have ar- to understand our risk and have the ● Recognize that neighborhoods gued, these natural disasters are ex- courage to recognize that some places need to adapt. All communities, not acerbated by the choices we have are not suited for development. just waterfront areas and flood made. Where we allowed housing, ● Locate—as much as possible—vul- zones,must contribute to solutions. what we required for buildings, how nerable populations away from flood- ● Strengthen civic infrastructure. we handled storm water and pro- prone areas. This is an acute issue not Post-Sandy coverage focused not tected our infrastructure—all af- only for nursing homes and hospi- only on the tragedies, but also the fected our resilience to Sandy. tals, but also for crucial parts of our heroics of neighbors helping each Pre-shop, tickets & details at NYBoatShow.com It is time to start making differ- power grid and other infrastructure. other.We need to continue this civic ent choices. Replacing what we lost ● Align insurance regulations with a spirit by engaging communities in cannot be our approach. Rebuilding planning framework. The problems conversations about their future.That requires far more careful planning. with flood insurance administered will uncover better approaches, as We need to think differently. As by the federal government and pri- well as identify people who together Mayor Michael Bloomberg sets out vate insurers are well documented. will help rebuild a better New York. to craft a plan to make the city more Policies need to be consistent with a resilient, here are starting points: planning framework that describes Vin Cipolla is president of The Municipal ● Rethink development in areas partic- where development is appropriate. Art Society of New York.

5. The chattering class is behind you. This was the dismissive term Memo to Joe Lhota: the Times used last week to charac- terize the people pushing your can- didacy. I never knew I was member Hurry up and run of that group,but the key is that peo- ple who know and care about the city want you to run. That’s a good o: Joseph Lhota, chairman of the Metropolitan base to start with. Transportation Authority 6. You would be very different From: Greg David from the four Democratic candi- dates. The great problem in the Re: The 2013 mayor’s race campaign so far is that it has been all I see in The New York Times that you are at least about whether City Council Speak- considering my advice from last month that you should run for er Christine Quinn is different from T the other three Democrats. She mayor (“A crisis manager for the next mayor,” Nov. 12). Here isn’t. None of the four candidates are eight reasons you should do it. represents a continuation of the Bloomberg philosophy. You do. 1. You’d be good at the job. You 7. You can win. For 20 years, the have been thrust into the spotlight winner of the Democratic primary because the way you ran the MTA has lost in the general election to a during Superstorm Sandy demon- Republican because on local issues, strates you can run the city, whose the people who vote in November are $69 billion annual budget makes it much more conservative than those about the size of Microsoft. who decide the Democratic primary. 2. You know more than any oth- There also are many more of them: er candidate. You served Rudy Giu- Some 330,000 people cast votes in liani as both deputy mayor for eco- the Democratic primary in 2009, yet nomic development and first deputy about three and a half times that mayor. It’s not just that you are many voted in the general election. smart—some of the major candi- GREG DAVID 8. If you lose, the city will still dates are, too—it’s that you have an win. This may not be much conso- in-depth knowledge of the city. lation, but a strong independent 3. We forgive you your sins dur- 4.The other Republicans and in- candidacy will force the Democrats ing the Rudy era. Longtime readers dependent mayoral candidates are to moderate their positions and of Crain’s will remember that you hopeless. I have met all four Repub- hedge their commitments to the were no favorite of the publication lican candidates over the years, and traditional party power brokers, then, especially of former Deputy most of them don’t have the résumé such as the Working Families Party. Mayor and Crain’s Publisher Alair for the job; most don’t have a clue The result will be a more moderate Townsend,because you were Rudy’s about the issues; some are wrong on successor no matter who wins. enforcer and not a very nice one.We the issues; and none has shown any Let us know what you decide— all live and learn. ability to raise money. and soon, please.

December 10, 2012 | Crain’s New York Business | 11 REAL ESTATE DEALS

BARE BONES 488 MADISON AVE. 145 W. 28TH ST. 48 W. 37TH ST. Jefferies eyes huge ASKING RENT; TERM: ASKING RENT; TERM: ASKING RENT; TERM: $63 per square foot; $35 per square foot; $38 per square foot; 10 years 10 years 10 years SQUARE FEET: SQUARE FEET: 5,300 SQUARE FEET: 6,800 midtown renewal 10,300 TENANT; REP: Bravo TENANT; REP: Murphy TENANT; REP: Grassi Media; Michael Burnham & Buttrick; nvestment firm Jefferies Group looks as though it will become the lat- & Co.; David Turino of Hymowitz of Adams David Levy of Adams the Feil Organization & Co. & Co. est in a string of big tenants to take the more conservative route of re- newing its lease rather than shifting to new space. Once rumored as a LANDLORD; REP: The Feil Organization; LANDLORD; REP: 145 West 28th Street LANDLORD; REP: Forty Eight Thirty Seven possible tenant for Related Cos.’ huge Hudson Yards project, Jefferies Mr. Turino Associates; Elliot Klein of Winoker Realty Associates; David Levy of Adams & Co. will instead extend its tenancy at 520 Madison Ave., less than a month BACK STORY: The accounting firm is BACK STORY: The production company— BACK STORY: The architecture, planning after the firm was acquired by Leucadia Group for about $2.5 billion. expanding its presence in the building and which has worked with clients including and interior-design firm renewed its lease, I will now occupy space on the 21st and Beyoncé, Rihanna and HBO—is expanding which spans the entire 14th floor, According to sources, Jefferies will renew as much as 600,000 square feet 23rd floors, according to The Commercial and will take space on the second floor, according to The Real Deal. for a period of 10 or more years. The deal is expected to be signed and exe- Observer. according to The Commercial Observer. cuted by January. Jefferies and landlord Tishman Speyer are rumored to be talking about striking a deal for as much as the $90s per square foot. In October, Switzerland-based UBS also struck a deal to renew its lease at 1285 Sixth Ave., a roughly 700,000-square-foot transaction done at rents in the $80s-per- square-foot range. A spokesman at Jefferies de- clined to comment.The firm is rep- resented by Cushman & Wakefield, which also declined to comment. Tishman Speyer did not respond to a request for comment. —daniel geiger 3-D printer outfit inks two NY leases A growing player in the hot market for 3-D printers has inked leases for properties in two boroughs. Shapeways is taking 25,000 square feet in a three-story warehouse at 30-02 48th Ave. in Long Island City, Queens. That space will be used to turn out copies for cus- tomers. Meanwhile, for front-office and sales staff, the company has leased 6,000 square feet at 419 Park Ave. South. Steven Blair Strati, a broker at Cushman & Wakefield who repre- sented Shapeways in both leases,said the Netherlands-based outfit want- ed to split its New York operations to reap the cost savings of the Long Is- land City market, which is eligible for city tax incentives on top of al- ready-discounted rents in the area. “Long Island City is where they feel they need to have their produc- tion center,” Mr. Strati said. The leases in New York come af- ter the company recently raised $10 million from Lux Capital and Union Square Ventures, according to written reports. Having a Man- hattan office was important, Mr. Strati said,allowing the company to be close to its financial backers. Shapeways is a service provider that has its own high-tech machines it contracts out to clients and con- sumers on a job-by-job basis. The company can produce near- ly any object made of metal or plas- tic to its customers’ specifications, including iPhone cases, mug sets and jewelry. The landlord, Mark Karasick, was represented in-house by Peter Thorsen. —daniel geiger

12 | Crain’s New York Business | December 10, 2012 PHILANTHROPY INSIDE The Scoop As operating expenses increase, nonprofits face having to do more with less PAGE 16 The List New York area’s largest REPORT nonprofits PAGE 16 Q&A buck ennis A stormy debut for UW chief

BY THERESA AGOVINO

n Sheena Wright’s first day as the presi- dent and chief execu- tive of the United Way Oof New York City, Superstorm Sandy swept in. The disaster upended her plan to take time to get acquainted with the staff, donors and nonprofits BY THE NUMBERS: the organization supports. In- Oppenheimer CEO Bill Glavin stead, Ms. Wright worked fever- said the firm’s new philanthropic endeavors ishly with the mayor’s office to include sponsoring the mobilize volunteers and initiated a Museum of Math’s “String special fund to raise money for Product” exhibit, shown here. storm victims in 11 states. So far, the fund has brought in $9 million.

buck ennis Ms.Wright still plans to come up with new project ideas for the 74-year-old institution that fo- cuses on improving education, income and health. It has a $63.5 million annual budget. Firms find new approach Ms. Wright, 42, spent the pre- vious decade as president and chief executive of Abyssinian Develop- They’re providing its giving to just two lucky recipients. GROWING firm is launching a partnership with ment Corp., a Harlem organiza- The firm is making a multimillion- Cross-Cultural Solutions, a nonprof- tion. During her tenure, the non- greater resources to dollar commitment over the next sev- GIVING it that sends volunteers to impover- profit more than doubled the eral years. It has signed an extensive ished countries.Starting in 2013,Op- affordable-housing units in its fewer causes, getting 10-year sponsorship agreement with penheimer plans to dispatch up to 50 portfolio to 1,280. It also built employees involved the Museum of Math, a new cultural employees each year. nearly a half-million square feet of institution opening Dec. 15 near “We have a fundamentally differ- community,commercial and retail Madison Square Park. Though Op- $15.7B ent approach to philanthropy than we space,including the first new high BY MIRIAM KREININ SOUCCAR penheimer wouldn’t reveal the dollar TOTAL AGGREGATE GIVING have had in the past,”said Bill Glavin, school in Harlem in 50 years.The amount,it will be one of the museum’s by large corporations in 2011 chief executive of Oppenheimer. Bronx native graduated from Co- OppenheimerFunds has long had a largest sponsors and has put up the “This is a much more significant fi- lumbia College and Columbia charitable division, but it donated funds for the facility’s most prominent nancial commitment, with employee University Law School. money to a number of causes without exhibit, called “The String Product.” involvement and an integrated strat- getting deeply involved in the proj- Oppenheimer will help support egy. It’s a more cohesive approach.” Has all the attention you’ve gotten as ects. On Dec. 10, the mutual-fund gi- future MoMath shows and will have With the financial crisis in the the first woman to run the United Way ant will announce a sweeping over- its employees give lectures at the 28% rearview mirror, corporations are in New York City surprised you? Does haul of its corporate philanthropy institution. INCREASE IN GIVING once again opening up their vaults. gender matter? program that consolidates the bulk of At the same time, the investment by large firms since 2009 See CORPORATE on Page 14 See WRIGHT on Page 14

December 10, 2012 | Crain’s New York Business | 13 REPORT PHILANTHROPY

partner American Express to create NFTE about $300,000 a year for “We have gotten very strategic a volunteer program in its 22 do- the past five years. about this,” said Christine Park, mestic offices that facilitate refugee “There’s an ebb and flow; that’s president of the New York Life Corporate funding resettlement. The project now how corporate giving goes,” Mr. Foundation.“It aligns perfectly with boasts about 200 volunteers. Delany said.“For every time when a who we are as a company. It’s also Continued from Page 13 widely dispersed their portfolio has The IRC is planning to expand certain company might change its pretty uncharted territory,so we can Total aggregate giving by large com- been and seeing what would happen the program over the next two years strategy and you don’t align with it really make a difference.” panies reached $15.7 billion in 2011, if they made fewer grants in areas and market it to corporations. anymore, there are a handful of oth- Verizon is in the process of re- up a staggering 28% from 2009, with where they can make a difference.” “Corporate funders want volun- ers that are changing that work to strategizing its philanthropy as well. 60% of companies saying that they The changing trends in corporate teer opportunities, and they are in- your advantage.” Though the company will still give gave more than in 2009, according to giving can mean a big cash bonanza volving their staff much more in out the same amount—about $66 a recent report by the Committee En- for some charities and, it is hoped, philanthropic decisions,” said Scott ‘Uncharted territory’ million in cash each year—it will couraging Corporate Philanthropy. positive results for the causes that McDonald, director of institutional Overall, experts agree, the new now develop programs to help solve But they are no longer simply companies choose to champion. But philanthropy at the IRC, which style of corporate giving is helping to problems instead of just writing writing checks to burnish their nonprofits now have to fight harder raised $7 million in corporate dona- solve more societal problems. A few checks. To help further, Verizon is name. In what many philanthropy to attract corporate dollars and even tions last year, 23% of its total fund- years ago, New York Life’s founda- planning to start giving away about experts describe as a sea change, cor- to create new programs, which can ing. tion decided to take on a cause that $8 million worth of in-kind gifts. porations are zeroing in on a smaller take time and resources away from Dan Delany,chief marketing and was closely aligned with its company New programs include using Veri- number of charities to support and their original missions. development officer at the Network and that few are paying attention to: zon technology to help educators choosing causes that fit with their for Teaching Entrepreneurship, says helping kids deal with bereavement. enhance student learning in science, corporate mission, becoming more Employee volunteers nonprofits are working harder to Its financial commitment to this math and engineering and a strate- involved in developing programs For example, International Res- find corporations that share their issue has jumped from a $25,000 gy to improve health care for rural with those charities and looking for cue Committee executives were mission.Currently,NFTE has three planning grant in 2007 to $3.63 mil- women, children and seniors. nonprofits that offer volunteer op- asked repeatedly by potential corpo- major partners—MasterCard, lion in 2013.It is working with a slew “There is a huge expectation that portunities for their employees. rate donors if the group had a volun- which gives $1.3 million in cash each of nonprofits like Sesame Work- corporate America will help meet In fact,in 2011,companies made teer program for their employees.To year;Ernst & Young,which provides shop, the American Academy of Pe- societal needs, but you cannot uni- 26% fewer grants than they did in accommodate them, the nonprofit, about $500,000 in cash; and Mi- diatrics and the Boys & Girls Clubs versally meet the needs of every- 2008, but the median grant size which works in war-torn regions, crosoft, which donates nearly $1.5 of America to train staff and build up thing,” said Rose Stuckey Kirk, jumped 31%. “Companies want to developed a program from scratch. million in cash and products. research in the subject. Now the president of the Verizon Founda- make a bigger impact,” said Mar- It couldn’t send corporate volun- But as those firms have signed company’s employees are volunteer- tion.“So most corporations have be- garet Coady, director of the CECP. teers to hot spots around the globe, on, the nonprofit has suffered the ing at agencies across the country gun to really think about their assets “They have been looking at how so it enlisted the help of corporate loss of Oppenheimer, which gave that deal with this issue. and how to use them.” Ⅲ

Historic 1927 Building Wright’s stormy debut with Restored Art Deco Lobby Continued from Page 13 shows we need to double down on Large Block and I still think there are predilections to what we are doing. A lot more kids A Classic have men run certain-size organiza- will be at risk of dropping out [of Building-within-a- tions. United Way is focused on high school] than there were before Building Opportunity [working with] the corporate world, Sandy [because they’ve become dis- Completed Capital so maybe that is a reason [there hasn’t placed]. Think about soup kitchens Midtown Office been a woman chief ]. The work is and food pantries that were wiped Improvement Program in about building consensus and bring- out.Hunger will be more acute than Excess of $15 million ing together nonprofits, corpora- it was a few weeks ago. Steps from Grand Central tions, the government and individu- Address als to solve complex challenges and What’s on your agenda going forward? Terminal issues. I don’t think there is anything I was thinking I’d have a few months there that you need to do through a to canvass the board, the staff and Reduced Occupancy Costs gender lens, but cooperation and the funders, and I’d come up with a consensus are stereotypical things five-year plan. I’m looking at the Real Estate Tax Exemption for Qualified Nonprofits that people think women do better. goals that the national organization had set out, like focusing on cutting What was it like to start your job in the the [high school] dropout rate by midst of a superstorm? half by 2018. In New York City, the It was hectic. It was very clarifying. number of dropouts sits at 10,000, This is who we are, and this is what and we are already touching 6,000 of we are called to do.[United Way’s na- them. And we are in 60 schools. We tional organization] asked us to step need to strengthen that work. We up to start a fund, and I said yes, not need to get our story out more and fully appreciating what that meant, more. A lot of people don’t know but fully appreciating why the request what United Way is and what we do. was made. We are the biggest media market, with the most Fortune 500 United Way works with other nonprofits, companies. I couldn’t say no. At the giving them money and other kinds of same time,we got a call from the may- support. Why shouldn’t donors give or’s office, [which said], “We see you directly to the charities and eliminate as a leader in this,as one of the top sev- the middleman? en or eight nonprofits in the city.” We do more than just give money. What has been good is that you ap- We support [the other charities].We preciate the fantastic team, the depth also provide technical assistance.We of the work, the depth of knowledge. provide research so we can say, “Is this working? Is it really impactful?” How would you judge your performance? This way, the dollars invested in I think we rose to the challenge. We that nonprofit get more bang for the are really good at mobilizing volun- buck. We learn from the front line. teers. We got good feedback from We are conveners. We bring govern- the volunteers and the city. The ment.We bring corporate sectors.We 205 E 42 fundraising has been tough. Red don’t just invest in one nonprofit. We Cross is the bigger brand—people solve the bigger problems and issues. think about it during the disaster. How do you decide which organizations Please contact Tom Bow [email protected] 212-257-6610 www.durst.org Has the storm caused major shifts in to fund? Brandl Frey [email protected] 212-257-6590 your work? United Way has been entrenched in Not really.The issues we work on are New York for 75 years.We know who urgent and pressing, and the storm is doing good work and who isn’t. Ⅲ

14 | Crain’s New York Business | December 10, 2012 Where the rate of return is measured in diplomas, not dollars.

Where work continues after the closing bell. Where day trading means swapping lunches. Since 1971, Inner-City Scholarship Fund (ICSF) has provided first-class Catholic education to financially disadvantaged children in New York City. Our students make the most of their opportunities: 98% of our high school seniors graduate and 96% of them pursue post-secondary degrees at some of the country’s best universities. These results do not occur without the generous financial support of committed people investing in future generations. Your support has never been more important.

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Please mail or fax this to our office at 212.371.6461. Please make checks payable to: Inner-City Scholarship Fund Inner-City Scholarship Fund All contributions are tax-deductible. 1011 First Avenue, Suite 1400 New York, New York 10022 We appreciate your support! www.icsf-nyc.org COMING IN THE NY Area’s Largest Nonprofits TWO WEEKS: LIST Ranked by 2012 total operating expenses The 2013 Book of Lists THE SCOOP MOST GENEROUS NEW YORKERS OF 2011 Current and former New Yorkers who donated big bucks last year. ocal nonprofits are increasingly asked to do more with less. As more people require their services,many organizations are forced 1. PAUL ALLEN Co-founder, 6. LAWRENCE ELLISON to expand their programs as their own resources start to dry up. Microsoft Founder, Oracle Though income stayed about flat at the area’s top 25 nonprofits, operating expenses increased 2% from 2011 to 2012, according Lto Crain’s research.That’s on top of a 5.9% increase from 2010 to 2011. Sev- $372.6M $59.2M enteen showed growth in operating expenses this year,compared with 14 last year, indicating that more nonprofits are expanding, though at a slower pace. 2. GEORGE SOROS Chairman, 7. GUSTAVE AND RITA HAUSER Co-founders, “There’s only so much money,” said Michael Niekamp, assistant con- Soros Fund Management the Hauser Center for Nonprofit Organizations troller at the Leukemia & Lymphoma Society,which ranked No.6 on Crain’s list, with operating revenue of $311.2 million, and reported a small drop in private support, its sole source of income. “But everybody gets a little bit.” $335M Private support for top nonprofits was flat, compared with a year earlier. $40M Even so, many that rely primarily on donations are finding ways to expand. 3. MICHAEL BLOOMBERG Mayor, 8. BARBARA DODD ANDERSON The International Rescue Committee receives 62.9% of its funding from New York City Investor, Berkshire Hathaway private support. It ranked No. 2 on Crain’s list with $394.7 million in operat- ing expenses,up 3% from 2011.These expenses include new programs to help * the underprivileged in Mali and Syrian refugees in Jordan and Iraq.“We have $311.3M $35.2M a long tradition of depending on loyal supporters,” said President George 4. H.F. (GERRY) AND MARGUERITE LENFEST 9. JORGE PÉREZ Rupp, who said donations to his organization are about on par with last year, Co-founders, the Lenfest Foundation Founder, Related Group thanks primarily to a large number of small individual contributions. But others that rely mostly on government funding,like the Children’s Aid Society (No. 25), are less certain about what lies ahead. The organization re- ceives 58% of its funding from government:70% of which comes from the city, $75M $30M 24% from the state and 6% from the feds. It narrowly avoided trouble when 5. DAVID RUBENSTEIN Co-founder and 10. JON STRYKER the city threatened to cut $170 million in funding for early-childhood and af- managing director, Carlyle Group Heir, Stryker Corp. ter-school programs from its budget. Most of the money was ultimately re- stored by other city funding. But this summer, the same dollars will be on the chopping block. “We don’t know if thousands of New York City kids will $30M have day-care or after-school programs,” said President and Chief Execu- $66.2M tive Richard Buery Jr. “That’s not acceptable.” —emily laermer * Bequest Source: The Chronicle of Philanthropy

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16 | Crain’s New York Business | December 10, 2012 THE LIST NY Area’s Largest Nonprofits

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Behind every fundraising campaign, gift, and grant there’s a knowledgeable, At ORT schools in the skilled professional. United States, 80% of the Class of 2011 are employed in their field of study,

George H. Heyman, Jr. Center for Philanthropy and Fundraising and Rachel Cohen is one The demand for fundraising and grantmaking professionals has never been greater – in education, healthcare, research, and the arts, there are growing opportunities to help of them. individuals and organizations make a difference. The George H. Heyman, Jr. Center for Philanthropy and Fundraising at the NYU School of Continuing and Professional Studies Rachel Cohen, Graphic Designer offers the M.S. in Fundraising and Grantmaking, which provides industry veterans, as well as those seeking to change or to launch their career, with the expertise required to assume leadership roles across the nonprofit spectrum. Learn from and network with faculty members who are top professionals in the field. ORT educates over 300,000 students around the world every year. Information Session: Tuesday, December 11, 6–8 p.m. Are you ready to join the education revolution? Kimmel Center, 60 Washington Square South, New York, NY For event information and to R.S.V.P. visit scps.nyu.edu/graduate-events5d

To learn more about the program, visit us at: For more details on becoming involved with ORT America, contact Georges Berges, National Director of Corporate, Foundation Relations & scps.nyu.edu/msfr1d or call 212-998-7100 Special Projects at 212.547.9124 or [email protected].

To request information and to apply: ORTamerica.org | twitter.com/ORTamerica | facebook.com/ORTamerica | [email protected] scps.nyu.edu/gradinfo5d

December 10, 2012 | Crain’s New York Business | 17 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM POSITION AVAILABLE PUBLIC & LEGAL NOTICES Junior Mortgage Trader Notice of Formation of MILA Research Notice of Qualification of Duke Energy Notice is hereby given that a license & Advisory LLC. Articles of Org. Renewable Services, LLC. Authority number Serial Number 1267117 for Pine River Capital Management, LP has an opportunity for a Junior Mortgage filed with Secy. of State of NY filed with NY Dept. of State on wine & beer has been applied for by Trader at our facility in New York, New York. The primary duty of the Junior (SSNY) on 10/16/12. Office location: 11/5/12. Office location: NY County. the undersigned Norsang Café Inc., Mortgage Trader is to develop and design quantitative risk models for the Fixed NY County. SSNY designated as Princ. bus. addr.: 550 S. Tryon St., DBA Café Himalaya to sell wine & Income Department - Mortgage Trading, with a focus on the construction and agent upon whom process against it Charlotte, NC 28202. LLC formed in beer at retail in a restaurant under support of computer based models for fixed income risk and performance may be served. SSNY shall mail DE on 10/22/12. NY Sec. of State the Alcoholic Beverage Control Law process to: Jennifer M. Cordero 55 designated agent of LLC upon attribution analysis. The position requires a Master’s Degree or equivalent in at 78 E 1st Street, New York, NY West 116th Street, Suite 350, New whom process against it may be 10009 for on premises consumption. Finance, Applied Mathematics, Computational Mathematics, Statistics, or related York, NY 10026 USA, which is also served and shall mail process to: NORSANG CAFÉ INC., DBA CAFÉ field, plus two (2) years of related experience. Experience must include two (2) the principal business address. c/o CT Corporation System, 111 8th HIMALAYA years experience, which may be concurrent, in all of the following: 1) working Purpose: Any lawful act or activity. Ave., NY, NY 10011, regd. agent with financial theories, including option theory, risk management, interest rate upon whom process may be served. Notice of Formation of VERTICAL TOOLS FOR SUCCESS CONSULTING LINE GROUP, LLC. Arts. of Org. filed model, Monte Carlo simulation, and pricing theory for fixed income products; DE addr. of LLC: c/o The LLC Articles of Org. filed NY Sec. of Corporation Trust Co., 1209 Orange with Secy. of State of NY (SSNY) on 2) developing trading desk real time monitoring system, generating risk reports, and State (SSNY) 11/29/12. Office in NY St., Wilmington, DE 19801. Cert. of 11/16/12. Office location: NY optimizing portfolio allocation; 3) utilizing optimization theory and statistics, Co. SSNY desig. agent of LLC upon Form. filed with DE Sec. of State, County. Princ. office of LLC: 1745 including various statistical tests, regression models, time series analysis; whom process may be served. 401 Federal St., Dover, DE 19901. Broadway, 18th Fl., NY, NY 10019. 4) working with IT group to design and deploy portfolio management system; and SSNY shall mail copy of process to Purpose: all lawful purposes. SSNY designated as agent of LLC c/o Foster & Wolkind, P.C., 80 5th upon whom process against it may 5) utilizing Excel and VBA, Bloomberg, R, SAS, Matlab, C#, SQL. Experience Ave., Ste. 1401, NY, NY 10011. NOTICE OF FORMATION of SMLM, may have been gained before, during or after completion of the Master’s be served. SSNY shall mail process Purpose: Any lawful purpose. LLC Art. of Org filed Sec’y of State to the LLC at the addr. of its princ. Degree program. Employer will accept experience gained concurrently, and will Principal business location: 230 W. (SSNY) 11/6/12. Office location: office. Purpose: Any lawful activity. accept any suitable combination of education or experience as described above. 97th St., #7B, NY, NY 10025. New York County. SSNY designated as agent of LLC upon whom process 168 WEST 4TH LLC Articles of Org. If interested apply online at: https://jobs-pineriver.icims.com/jobs/intro. Notice of Formation of 69-73 GREENE against it may be served. SSNY filed NY Sec. of State (SSNY) STREET OWNER, LLC. Arts. of Org. shall mail copy of process to Beth 11/6/12. Office in NY Co. SSNY NOTICE OF FORMATION OF 2E Notice of formation of Jane Brain LLC filed with Secy. of State of NY (SSNY) Kaufman, Schoeman, Updike & desig. agent of LLC upon whom Ventures LLC. Articles of Arts. of Org. filed with the Sect’y of on 10/24/12. Office location: NY Kaufman, LLP, 551 Fifth Avenue, process may be served. SSNY Organization filed with the Secretary State of NY (SSNY) on 10/18/2012. County. SSNY designated as agent New York, NY 10176. Purpose: any shall mail copy of process to 168 W. of State of NY (SSNY) on 11/27/2012. Office location, County of New York. of LLC upon whom process against lawful activities. 4th St., NY, NY 10014, which is also Office location: New York County. SSNY has been designated as agent it may be served. SSNY shall mail SSNY has been designated as agent of the LLC upon whom process the principal business location. process to Corporation Service Co., NOTICE OF FORMATION OF The upon whom process against it may against it may be served. SSNY shall Purpose: Any lawful purpose. 80 State St., Albany, NY 12207-2543, Nerdlet Cards LLC. Arts of Org filed be served. The Post Office address mail process to: The LLC, 497 regd. agent upon whom and at with Secy of State of NY (SSNY) on NOTICE OF FORMATION OF to which the SSNY shall mail a copy Greenwich St., Unit 3C, NY, NY which process may be served. 7/30/12. Office location: NY County. Terbium Consulting, LLC. Arts of Org of any process against the LLC 10013. Purpose: any lawful act. Purpose: Any lawful activity. SSNY designated as agent upon filed with Secy of State of NY (SSNY) served upon her is: 8 Sunset Lane, whom process may be served and on 7/10/12. Office location: NY County. Harrison, NY, 10528. The principal MAHARJAN GROUP LLC, a domestic Notice of Qualification of GA HOUSING shall mail copy of process against SSNY designated as agent upon business address of the LLC is: 8 LLC, Arts. of Org. filed with the SSNY LLC. Authority filed with Secy. of State LLC to principal business address: whom process may be served and Sunset Lane, Harrison, NY, 10528. on 9/24/12. Office location: New of NY (SSNY) on 11/21/12. Office 154 W 15th St #4B, NY, NY 10011. shall mail copy of process against Purpose: any lawful act of activity. York County. SSNY is designated as location: NY County. LLC formed in agent upon whom process against Delaware (DE) on 10/12/12. SSNY Purpose: any lawful act. LLC to principal business address: FORTGANG & DELGADO DIAMONDS, 15 STUYVESANT OVAL #6D, NY NY the LLC may be served. SSNY shall designated as agent of LLC upon whom Notice of Formation of MDLB Partners LLC, a domestic LLC, Arts. of Org. 10009. Purpose: any lawful act. mail process to: The LLC, 51-01 process against it may be served. LLC. Articles of Organization filed filed with the SSNY on 8/22/12. 39th Ave., Sunnyside, NY 11104. SSNY shall mail process and DE with the Secretary of State of NY Office location: New York County. NOTICE OF FORMATION OF O General Purposes. addr. to c/o Delaware Incorporators (SSNY) on 10/02/12. Office location: SSNY is designated as agent upon Drinks, LLC. Arts of Org filed with & Registration Service, LLC, 1007 NEW YORK COUNTY. SSNY has whom process against the LLC may Notice of Formation of PR NYC, LLC. Secy of State of NY (SSNY) on Orange St., Ste. 1410, Nemours been designated as agent upon whom be served. SSNY shall mail process Arts. of Org. filed with Secy. of State 10/2/12. Office location: NY County. Bldg., Wilmington, DE 19801. Arts. of process against it may be served. to: The LLC, 48 W 48th St. Ste 705, of NY (SSNY) on 03/16/12. Office SSNY designated as agent upon Org. filed with Secy. of State of DE, The Post Office address to which the NY, NY 10036. General Purposes. location: NY County. Princ. office of whom process may be served and LLC: 175 E. 79th St., 17th Fl., NY, NY 401 Federal St., Ste. 4, Dover, DE SSNY shall mail a copy of any shall mail copy of process against Notice of Qualification of Davidson 10075. SSNY designated as agent of 19901. Purpose: Any lawful activity. process against the LLC served LLC to principal business address: Kempner Long-Term Distressed LLC upon whom process against it Notice of Qualification of Davidson upon him/her is: 54 Greene Street, 245 W 99th St. #7A, NY, NY 10025. Opportunities Fund LP. Authority filed may be served. SSNY shall mail Kempner Long-Term Distressed New York, NY 10013. The principal Purpose: any lawful act. with NY Dept. of State on 10/10/12. process to the LLC, c/o Georgette Opportunities GP LLC. Authority filed business address of the LLC is 54 Office location: NY County. LP formed Farkas at the princ. office of the LLC. with NY Dept. of State on 10/10/12. Greene Street, New York, NY 10013. NOTICE OF FORMATION OF IDIP, LLC. in DE on 1/21/11. NY Sec. of State Purpose: Any lawful activity. Office location: NY County. LLC Purpose: any lawful act or activity. Arts of Org filed with Secy of State of designated agent of LP upon whom formed in DE on 1/21/11. NY Sec. of NY (SSNY) on 8/20/12. Office location: Notice of Qualification of Fairmont Notice of Formation of CHRISTIAN process against it may be served and State designated agent of LLC upon NY County. SSNY designated as Hotels & Resorts (Maryland) LLC. CASEY INDIA LLC. Arts. of Org. shall mail process to the principal whom process against it may be agent upon whom process may be Authority filed with NY Dept. of State filed with Secy. of State of NY (SSNY) business addr.: 65 E. 55th St., 19th Fl., served and shall mail process to the served and shall mail copy of on 11/28/12. Office location: NY on 08/31/12. Office location: NY NY, NY 10022. DE addr. of LP: principal business addr.: 65 E. 55th process against LLC to: 47 Jefferson County. Princ. bus. addr.: 805 3rd County. Princ. office of LLC: c/o National Corporate Research, Ltd., St., 19th Fl., NY, NY 10022. DE addr. Ave, Hasting on Hudson, NY 10706. Ave., 15th Fl., NY, NY 10022. LLC Christian Casey LLC, 710 Broadway, 615 S. DuPont Hwy., Dover, DE 19901. of LLC: National Corporate Research, Principal business address: 244 Fifth formed in MD on 5/22/12. NY Sec. of 2nd Fl., NY, NY 10019. SSNY Name/addr. of genl. ptr. available Ltd., 615 S. DuPont Hwy., Dover, DE Ave, Ste 2423, NY NY 10001. State designated agent of LLC upon designated as agent of LLC upon from NY Sec. of State. Cert. of LP 19901. Cert. of Form. filed with DE Sec. Purpose: any lawful act. whom process against it may be whom process against it may be filed with DE Sec. of State, of State, Townsend Bldg., Dover, DE served and shall mail process to: c/o served. SSNY shall mail process to CREATIVE PACKAGING SOLUTIONS Townsend Bldg., Dover, DE 19901. 19901. Purpose: any lawful activity. the LLC at the addr. of its princ. LLC, Arts. of Org. filed with the SSNY Purpose: any lawful activity. CT Corporation System, 111 8th Ave., NY, NY 10011, regd. agent Notice of Qualification of NYAI office. Purpose: Any lawful activity. on 07/26/2012. Office loc: NY County. Notice of Qualification of Avalon upon whom process may be served. Management, LLC. App. for Auth. SSNY has been designated as agent Ossining, LLC. Authority filed with NY MD addr. of LLC: 5 Indian Head Ave., filed Secy. of State of NY (SSNY) on Notice of Qualification of Genilogix upon whom process against the LLC Dept. of State on 11/20/12. Office Indian Head, MD 20640. Cert. of Org. 10/24/12. Off. loc.: NY County. LLC LLC. App. for Auth. filed Secy. of may be served. SSNY shall mail pro- location: NY County. Princ. bus. addr.: filed with MD Sec. of State, 301 W. formed in Delaware (DE) on 10/18/12. State of NY (SSNY) on 10/9/12. Off. cess to: 200 E. 33rd St. Ste 3i, NY, NY 671 N. Glebe Rd., Arlington, VA Preston St., Rm. 801, Baltimore, MD SSNY designated as agent of LLC loc.: NY County. LLC formed in 10016. Purpose: Any Lawful Purpose. 22203. LLC formed in DE on 11/16/12. 21201. Purpose: all lawful purposes. upon whom process against it may Delaware (DE) on 2/27/01. SSNY NY Sec. of State designated agent of be served. SSNY shall mail process designated as agent of LLC upon NOTICE OF FORMATION of Revolution LLC upon whom process against it RAI MARKETING LLC, a domestic to: c/o Alexander Capital Wealth whom process against it may be Songs LLC. Office Location: NY may be served and shall mail process LLC, Arts. of Org. filed with the SSNY Management LLC, 17 State St., NY, NY served. SSNY shall mail process to: County. Arts. of Org. filed with Secy. of to: c/o CT Corporation System, 111 on 10/15/12. Office location: New 10004. DE address of LLC: c/o United c/o CT Corporation System, 111 8th State of NY (SSNY) on 6/20/12. SSNY 8th Ave., NY, NY 10011, regd. agent York County. SSNY is designated as Corporate Services, Inc., 874 Walker Ave., NY, NY 10011, the registered has been designated as agent of LLC upon whom process may be served. agent upon whom process against Road, Ste. C, Dover, DE 19904. Arts. agent upon whom process may be upon whom process against it may be DE addr. of LLC: The Corporation the LLC may be served. SSNY shall of Org. filed DE Secy. of State, 401 served. DE address of LLC: 3500 S. served. SSNY shall mail process to Trust Co., 1209 Orange St., mail process to: Attn: Robert Ingram, Federal St., Ste. 4, Dover, DE 19901. DuPont Hwy., Dover, DE 19901. Arts. 630 Ninth Ave, Ste 801, NY, NY 10036, Wilmington, DE 19801. Cert. of Form. 425 E. 58th St., Apt. 27H, NY, NY Purpose: any lawful activity. of Org. filed DE Secy. of State, 401 also its principle office location. filed with DE Sec. of State, 401 10022. General Purposes. Federal St., Ste. 4, Dover, DE 19901. Purpose: any lawful activities. NOTICE OF QUALIFICATION of Purpose: all lawful purposes. Federal St., Dover, DE 19901. Notice of Qualification of HORATIO CALAMOS ADVISORS LLC. App for Notice of Qualification of Cinram Purpose: all lawful purposes. DEVELOPMENT LLC. Authority filed Authority filed with Secy of State of NY Notice of Qualification of Bowen, Business Intelligence LLC. Authority NOTICE OF FORMATION OF LIMITED with Secy. of State of NY (SSNY) on (SSNY) on 10/1/12. Office location: Miclette & Britt of Florida, LLC. App. filed with NY Dept. of State on LIABILITY COMPANY. NAME: 100 11/19/12. Office location: NY County. NY County. LLC formed in DE on for Auth. filed Secy. of State of NY 11/6/12. Office location: NY County. HALSEY LANE SOUTH LLC. LLC formed in Delaware (DE) on 9/15/04. SSNY designated agent (SSNY) on 10/19/12. Off. loc.: NY Princ. bus. addr.: 1400 E. Application for Authority was filed with 11/14/12. Princ. office of LLC: 152 upon whom process may be served. County. LLC formed in TX on 2/25/11. Lackawanna Ave., Olyphant, PA the Secretary of State of New York W. 57th St., 60th Fl., NY, NY 10019. PO address to which SSNY shall SSNY designated as agent of LLC 18448. LLC formed in DE on 7/11/12. (SSNY) on 09/25/12. The LLC was SSNY designated as agent of LLC mail copy of process against LLC: upon whom process against it may NY Sec. of State designated agent of originally filed with the Secretary of upon whom process against it may Attn: General Counsel 2020 Calamos be served. SSNY shall mail process LLC upon whom process against it State of Delaware on 09/20/12. Office be served. SSNY shall mail process Court Naperville, IL 60563. Principal to: National Corporate Research, Ltd., may be served and shall mail process location: New York County. SSNY has to the LLC at the princ. office of the business address: 610 Fifth Ave. Ste 10 E. 40th St., NY, NY 10016, the to: c/o CT Corporation System, 111 been designated as agent of the LLC LLC. DE addr. of LLC: Corporation 700 NY, NY 10020. DE address of registered agent upon whom 8th Ave., NY, NY 10011, regd. agent upon whom process against it may be Service Co., 2711 Centerville Rd., Ste. LLC: Corp Service Co. 2711 process may be served. TX address upon whom process may be served. served. SSNY shall mail a copy of 400, Wilmington, DE 19808. Arts. of Centerville Rd. Ste 400 Wilmington, of LLC: 350 North St. Paul St., Ste. DE addr. of LLC: 1209 Orange St., process to the LLC, c/o Peterson Org. filed with DE Secy. of State, Div. DE 19808. Cert of LLC filed with 2900, Dallas, TX 75201. Arts. of Org. Wilmington, DE 19801. Cert. of Form. Management LLC, 712 Fifth Avenue, of Corps., John G. Townsend Bldg., Secy of State of DE located: 401 filed TX Secy. of State, P.O. Box filed with DE Sec. of State, 401 48th Floor, New York, New York 10019. 401 Federal St., Ste. 4, Dover, DE Federal St Dover, DE 19901. 13697, Austin, TX 78711. Purpose: Federal St., Dover, DE 19901. Purpose: For any lawful purpose. 19901. Purpose: Any lawful activity. Purpose: any lawful act. any lawful activity. Purpose: all lawful purposes.

18 | Crain’s New York Business | December 10, 2012 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of BOF LLC. Notice of Formation of Limited Liability Notice of Formation of GARSON Notice of Qualification of 115 West Notice of Qualification of GRENADIER Authority filed with Secy. of State of Company (LLC) Name: PROSCENIUM TURKEN FEDERICO JAKUB & RUBIN, 86th Street LLC. Authority filed with REALTY MANAGEMENT LLC. NY (SSNY) on 9/26/12. Office location: HOLDINGS, LLC. Articles of LLP. Cert. of Reg. filed with Secy. of Secy. of State of NY (SSNY) on Authority filed with Secy. of State of NY NY County. LLC formed in Delaware Organization filed by the Department State of NY (SSNY) on 11/06/12. 11/13/12. Office location: NY County. (SSNY) on 11/08/12. Office location: (DE) on 3/14/11. SSNY designated of State of New York on: 10/23/2012. Office location: NY County. Princ. LLC formed in Delaware (DE) on NY County. LLC formed in Delaware as agent of LLC upon whom process Office location: County of New York. office of LLP: c/o Farrell Fritz PC, Attn: 11/9/12. SSNY designated as agent (DE) on 10/25/12. Princ. office of against it may be served. SSNY Purpose: any and all lawful activities. Thomas J. Killeen Esq., 1320 RXR of LLC upon whom process against it LLC: 345 Park Ave., NY, NY 10154. shall mail process to: c/o CT Secretary of State of New York Plaza, Uniondale, NY 11556-1320. may be served. SSNY shall mail SSNY designated as agent of LLC Corporation System, 111 Eighth Ave., (SSNY) designated as agent of LLC SSNY designated as agent of LLP process to: Goldfarb & Fleece LLP, Attn: upon whom process against it may NY, NY 10011, also the registered upon whom process against it may upon whom process against it may Partner-in-charge of Rudin matters, 345 be served. SSNY shall mail process agent. Principal office: 805 Third be served. SSNY shall mail a copy of be served. SSNY shall mail process Park Ave., NY, NY 10154. Address to be to c/o Corporation Service Co. Ave., 7th Fl., NY, NY 10022. Address process to: c/o Schwartzman Garelik to the LLP at the addr. of its princ. maintained in DE: National Registered (CSC), 80 State St., Albany, NY to be maintained in DE: Corporation Walker & Troy, P.C., 355 Lexington office. Purpose: Any lawful activity. Agents, Inc., 160 Greentree Dr., Ste. 12207-2543. DE addr. of LLC: CSC, Trust Center, 1209 Orange St., Avenue, New York, NY 10017. 101, Dover, DE 19904. Arts of Org. 2711 Centerville Rd., Ste. 400, Wilmington, DE 19801. Arts of Org. SCORUS B2 LLC, Arts. of Org. filed filed with the DE Secretary of State, Wilmington, DE 19808. Arts. of Org. filed with the DE Secretary of State, Notice of Qual. of Sunyata Global with the SSNY on 06/28/2012. Office John G. Townsend Bldg., 401 filed with DE Secy. of State, 401 John G. Townsend Bldg., 401 Federal Value Fund LP, Auth. filed Sec’y of loc: NY County. SSNY has been Federal St., Dover, DE 19901. Federal St., Ste. 4, Dover, DE 19901. St., Ste. 4, Dover, DE 19901. State (SSNY) 4/13/12. Office loc.: NY designated as agent upon whom Purpose: any lawful activities. Purpose: Any lawful activity. Purpose: any lawful activities. County. LP org. in DE 2/16/12. SSNY process against the LLC may be desig. as agent of LP upon whom served. SSNY shall mail process to: Notice of Formation of Unity Biodiesel, Notice of Formation of Black House 21 ST REALTY LLC, a domestic LLC, process against it may be served. SSNY Bradley S. Farber , 1965 Broadway LLC. Arts. of Org. filed with NY Dept. Oriel Management LLC. Arts. of Org. Arts. of Org. filed with the SSNY on shall mail copy of proc. to Att: Keith 8D, NY, NY 10023. Purpose: Any of State on 11/8/12. Office location: filed with NY Dept. of State on 9/4/12. Office location: New York Koeferl, 529 5th Ave., 8th Fl., Ste. B1, Lawful Purpose. NY County. Sec. of State designated 11/13/12. Office location: NY County. County. SSNY is designated as NY, NY 10017. DE off. addr.: CSC, agent of LLC upon whom process Sec. of State designated agent of LLC agent upon whom process against 2711 Centerville Rd., Wilmington, DE NOTICE OF FORMATION OF My Best against it may be served and shall mail upon whom process against it may the LLC may be served. SSNY shall 19808. Cert. of LP on file: SSDE, Relationship Psychological Services, process to: c/o CT Corporation be served and shall mail process to mail process to: The LLC, 11 Winnie Townsend Bldg., Dover, DE 19901. PLLC. Arts of Org filed with the Secy System, 111 8th Ave., NY, NY 10011, the principal business address: 200 Palmer Ct., Monroe, NJ 08831. Name/addr. of each gen. ptr. avail. at of State of NY 9/18/12 in NY County. regd. agent upon whom process may be Park Ave. So., Ste. 1320, NY, NY General Purposes. SSNY. Purp.: any lawful activities. SSNY designated as agent upon served. Purpose: all lawful purposes. 10003, Attn: Sean Ludwick, Manager. whom process may be served and Purpose: all lawful purposes. Notice of Formation of Central Park Notice of Formation of Axelon Data shall mail copy of process against KAFU RESTURANT LLC Art. Of Entertainment, LLC. Arts. of Org. filed Industries Joint Venture, LLC. Arts. of LLC to principal business address: Org. Filed Sec. of State of NY NOTICE OF QUALIFICATION of with Secy. of State of NY (SSNY) on Org. filed with NY Dept. of State on 1133 Broadway, Ste 1028, NY, NY 08/08/2012. Off. Loc.:New York Co. Viking Compass LLC. Authority filed 10/24/12. Office location: NY County. 10/16/12. Office location: NY County. 10010. Purpose: any lawful act. SSNY designated as agent upon with Secy of State of NY (SSNY) on SSNY designated as agent of LLC Sec. of State designated agent of LLC whom process against it may be 10/22/12. Office location: NY County. upon whom process against it may upon whom process against it may NOTICE OF FORMATION OF Sexpot, served. SSNY to mail copy of LLC formed in DE on 9/25/12. SSNY be served. SSNY shall mail process be served and shall mail process to: LLC. Arts of Org filed with Secretary process to The LLC, 1551 Nostrand designated agent upon whom process to: National Registered Agents, Inc., 1370 Broadway, Suite 509, NY, NY of State of NY (SSNY) on 10/10/12. Avenue, Brooklyn, NY 11226. may be served and shall mail copy of 111 Eighth Ave., NY, NY 10011, also 10018. Purpose: any lawful purpose. Office Location: NY County. SSNY Purpose: Any lawful act or activity. process against LLC to principal the registered agent. Purpose: any designated as agent upon whom business address: 146 Duane St Apt Notice of Formation of Micliff Partners, lawful activities. NOTICE OF FORMATION OF Chaos process may be served and shall 4C, NY, NY 10013. Cert of LLC filed LLC. Arts. of Org. filed with Secy. of Complex Entertainment LLC. Arts of mail copy to process against LLC with Secy of State of DE located: Notice of Formation of 54 WEST State of NY (SSNY) on 10/26/2012. Org filed with Secy of State of NY to: LEGALZOOM.COM. Principal 401 Federal St #3, Dover, DE 19901. 71ST STREET LLC. Arts. of Org. filed Off. loc.: NY County. SSNY designated (SSNY) on 8/31/12. Office location: NY business address: 15 William Street, Purpose: any lawful act. with Secy. of State of NY (SSNY) on County. SSNY designated as agent 20F, New York, NY 10005. as agent of LLC upon whom process 11/14/12. Office location: NY County. upon whom process may be served against it may be served. SSNY shall Notice of Formation of CHAI SOLAR, Princ. office of LLC: 54 W. 71st St., and shall mail copy of process against Notice of Formation of NuChallenger mail process to: Montgomery LLC. Arts. of Org. filed Secy. of State NY, NY 10023. SSNY designated as LLC to principal business address: LLC. Art. of Org. filed Sec’y of State McCracken, 437 Madison Ave., NY, NY of NY (SSNY) on 10/15/2012. Off. loc.: agent of LLC upon whom process 38 E. 21st St. Apt. 9, NY, NY, 10010. (SSNY) 07/16/2012. Principal Office: 10022. Purpose: any lawful activity. NY County. SSNY designated as agent against it may be served. SSNY shall Purpose: any lawful act. 424 E. 13 St, Apt 28, NY, NY. SSNY of LLC upon whom process against LAW OFFICE OF FREDERICA L. mail process to c/o Ann Veltri, 111 designated as process agent. Process it may be served. SSNY shall mail Notice of Conversion of Oscar Gruss MILLER, PLLC, a Prof.LLC. Arts. of Org. Barrow St., NY, NY 10017. Purpose: Service address: 424 E. 13 St, Apt 28, process to: 780 Riverside Drive, #8-F, & Son, a partnership, to 74 Broad LLC. filed with the SSNY on 09/25/2012. Any lawful activity. NY, NY. Purpose: any lawful activity. NY, NY 10032. Term: until 12/31/2062. Cert. filed with NY Dept. of State on Office loc: NY County. SSNY has been Purpose: any lawful activity. Notice of Formation of Black House 10/22/12. Office location: NY County. Notice of Formation of CDVCA designated as agent upon whom Oriel Development LLC. Arts. of Org. INNOVATE NY GP, LLC. Arts. of Org. Sec. of State designated agent of LLC process against it may be served. SSNY NOTICE OF FORMATION OF Bitty filed with NY Dept. of State on filed with Secy. of State of NY upon whom process against it may shall mail process to: 299 Broadway, Bundles, LLC. Articles of 11/13/12. Office location: NY County. (SSNY) on 09/27/12. Office location: be served and shall mail process to: Ste 800, NY, NY 10007. Purpose: To Organization filed with the Secretary Sec. of State designated agent of LLC NY County. Princ. office of LLC: 424 c/o Oscar Gruss & Son Inc., Attn: Practice The Profession Of Law. of State of NY (SSNY) on upon whom process against it may W. 33rd St., #320, NY, NY 10001. Emanuel Gruss, 292 Madison Ave., 11/08/2012. Office location: NEW be served and shall mail process to SSNY designated as agent of LLC NOTICE OF FORMATION OF White NY, NY 10017, principal business YORK County. SSNY has been the principal business address: 200 upon whom process against it may House Consulting LLC. Arts of Org address. Purpose: any lawful activity. designated as agent upon whom Park Ave. So., Ste. 1320, NY, NY be served. SSNY shall mail process filed with Secy of State of NY (SSNY) process against it may be served. 10003, Attn: Sean Ludwick, Manager. Notice of Qual. of Sierra Europe QP, to the LLC at the addr. of its princ. on 8/13/12. Office location: NY The Post Office address to which the Purpose: all lawful purposes. L.P., Auth. filed Sec’y of State (SSNY) office. Purpose: Any lawful activity. County. SSNY designated as agent 3/9/12. Office loc.: NY County. LP upon whom process may be served SSNY shall mail a copy of any NOTICE OF FORMATION OF 306 West org. in DE 3/7/12. SSNY desig. as KUDIA LLC Articles of Org. filed NY and shall mail copy of process process against the LLC served 148th Street., LLC. Arts of Org filed agent of LP upon whom process Sec. of State (SSNY) 10/22/12. Office against LLC to principal business upon him/her is: 10 Barclay St., with Secy of State of NY (SSNY) on against it may be served. SSNY in NY Co. SSNY desig. agent of LLC address: 337 W.43rd St., Ste 3A, NY, Apt 12B, New York, NY 10007. 10/19/11. Office location: NY County. shall mail copy of proc. to Att: Craig upon whom process may be served. NY 10036. Purpose: any lawful act. The principal business address of the SSNY designated as agent upon whom Peretz, 126 E. 56th St., 18th Fl., NY, SSNY shall mail copy of process to c/o LLC is: 10 Barclay St., Apt 12B, process may be served and shall NY 10022. DE off. addr.: CSC, 2711 Law offices of Steven M. Nachman, Notice of Formation of Ilana Ariel LLC. New York, NY 10007. Purpose: mail copy of process against LLC to Centerville Rd., Wilmington, DE 675 3rd Ave., 29th Fl, NY, NY 10017, Art. of Org. filed with the NY Sec. of any lawful act or activity. principal business address: C/O 19808. Cert. of LP on file: SSDE, which is also the principal business State (SSNY) on 9/11/12. Office Bottom Line Construction 217-01 Townsend Bldg., Dover, DE 19901. location. Purpose: Any lawful purpose. location: NY County. SSNY is designated NOTICE OF FORMATION OF FULL Merrick Blvd., Ste. 201, Laurelton, Name/addr. of each gen. ptr. avail. as agent of LLC upon whom process FLAVOR LLC. Arts of Org filed with NY, 11413. Purpose: any lawful act. at SSNY. Purp.: any lawful activities. Notice of Qual. of Sunyata Global may be served. SSNY shall mail copy Secy of State of NY (SSNY) on Value LLC, Auth. filed Sec’y of State of process to Attn: Ilana Sarna 210 9/12/12. Office location: NY County. NOTICE OF FORMATION OF Patrick Notice of Formation of RED HOOK (SSNY) 4/13/12. Office loc.: NY County. Chestnut Street Englewood, NJ SSNY designated as agent upon Gerard Carmody, Architect PLLC. Arts SE LLC. Arts. of Org. filed with Secy. LLC org. in DE 2/16/12. SSNY desig. 07631. Purpose: Any lawful purpose. whom process may be served and of Org filed with Secy of State of NY of State of NY (SSNY) on 10/22/12. as agent of LLC upon whom process shall mail copy of any process (SSNY) on 9/6/12. Office location: NY Office location: NY County. SSNY against it may be served. SSNY shall NOTICE OF FORMATION OF KITALIANA against LLC to principal business County. SSNY designated as agent designated as agent of LLC upon whom mail copy of proc. to Att: Keith LLC. Arts of Org filed with Secy of address: 60 RIVERSIDE BLVD, STE upon whom process may be served process against it may be served. SSNY Koeferl, 529 5th Ave., 8th Fl., Ste. B1, State of NY (SSNY) on 7/9/12. Office 1802, NEW YORK, NY 10069. and shall mail copy of process shall mail process to c/o VE Equities NY, NY 10017. DE off. addr.: CSC, location: NY County. SSNY designated Purpose: any lawful act. against PLLC to principal business LLC, 12 Mercer St., 3rd Fl., NY, NY 2711 Centerville Rd., Wilmington, DE as agent upon whom process may address: 54 W 21st St, Ste 606 NY, 10013. Purpose: Any lawful activity. 19808. Cert. of Form. on file: SSDE, be served and shall mail copy of Notice of Qualification of BDT & NY 10010. Purpose: any lawful act. Townsend Bldg., Dover, DE 19901. process against LLC to principal COMPANY, LLC. Authority filed with Notice of Qualification of GRAYCLIFF Purp.: any lawful activities. business address: 26 King St #4, NY, Secy. of State of NY (SSNY) on Notice of Qualification of COSMOS SBIC PARTNERS GP LLC. Authority NY 10014. Purpose: any lawful act. 10/26/12. Office location: NY County. STADIUM, LLC. Authority filed with filed with Secy. of State of NY (SSNY) NOTICE OF FORMATION OF LLC formed in Delaware (DE) on Secy. of State of NY (SSNY) on on 11/07/12. Office location: NY FRONTIER SCHOLARS LLC. Notice of Qualification of Tiger 04/30/09. Princ. office of LLC: William 10/19/12. Office location: NY County. County. LLC formed in Delaware (DE) Articles of Organization filed with Pacific Partners LLC. App. for Auth. R. Bush, BDT Capital Partners, LLC, LLC formed in Delaware (DE) on on 08/30/12. Princ. office of LLC: the Secretary of State of NY (SSNY) filed Secy. of State of NY (SSNY) on 401 N. Michigan Ave., Ste. 3100, 09/25/12. Princ. office of LLC: 75 Stephen Hindmarch, c/o Graycliff on 11/13/2012. Office location: 8/30/12. Off. loc.: NY County. LLC Chicago, IL 60611. NYS fictitious name: Greene St., 2nd Fl., NY, NY 10012. Partners, 500 Fifth Ave., 47th Fl., NY, NEW YORK County. SSNY has formed in Delaware (DE) on 8/28/12. BDTCO & COMPANY, LLC. SSNY SSNY designated as agent of LLC NY 10110. SSNY designated as been designated as agent upon SSNY designated as agent of LLC designated as agent of LLC upon whom upon whom process against it may be agent of LLC upon whom process whom process against it may be upon whom process against it may process against it may be served. served. SSNY shall mail process to against it may be served. SSNY shall served. The principal business be served. SSNY shall mail process SSNY shall mail process to the LLC at the LLC at the addr. of its princ. office. mail process to the LLC at the addr. address and the address to which to: 8100 River Road, Apt. 811, North the addr. of its princ. office. DE addr. of DE addr. of LLC: 2711 Centerville of its princ. office. DE addr. of LLC: the SSNY shall mail a copy of any Bergen, NJ 07047. DE address of LLC: The Corp. Trust Co., Corp. Trust Rd., Ste. 400, Wilmington, DE 19808. 1313 N. Market St., Ste. 5100, process against the LLC served LLC: 3422 Old Capitol Trail, Ste. 700, Center, 1209 Orange St., Wilmington, Cert. of Form. filed with Jeffrey W. Wilmington, DE 19801. Arts. of Org. upon him/her is: THE LLC: 41 Wilmington, DE 19808. Arts. of Org. DE 19801. Arts. of Org. filed with Secy. Bullock, DE Secy. of State, Townsend filed with Secy. of State, 401 Federal ELIZABETH ST, STE 600, NEW filed DE Secy. of State, 401 Federal of State-DE, Corp. Dept., Bldg., 401 Federal St., Ste.3, Dover, St., Ste. 4, Dover, DE 19901. YORK, NY 10013. Purpose: any St., Ste. 4, Dover, DE 19901. Loockerman & Federal Sts., Dover, DE DE 19901. Purpose: Any lawful activity. Purpose: Any lawful activity. lawful act or activity. Purpose: any lawful activity. 19901. Purpose: Any lawful activity.

December 10, 2012 | Crain’s New York Business | 19

FOR THE RECORD

[email protected]. now indirectly holds 930,318 shares. Leonard S. Schleifer, founder, chief executive, president and director, ABOUT THIS SECTION ● Economic Development Corp. ● Sirius XM Radio Inc. (SIRI) exercised options on 43,757 shares of FOR THE RECORD is a weekly listing of information from the public record that Requests expression of interest Liberty Interactive Corp. purchased common stock at $111.01 on Nov. 16, in can help businesspeople in the New York area find opportunities, potential packages by 4 p.m. on Dec. 20 for 8,120,000 shares of common stock at a transaction worth $4,857,465. projects and additional opportunities to prices ranging from $2.71 to $2.75 new clients and updates on competitors. foster the innovation and between Nov. 19 and Nov. 20, in a ● MSC Industrial Direct Co. (MSM) To ask questions or get more information on this section, contact Crain’s entrepreneurship ecosystem. To obtain transaction worth $22,250,200. It now Thomas J. Cox, executive vice president research department at [email protected]. bid documents or to make inquiries, indirectly holds 1,947,410,050 shares. of sales, exercised options on 28,000 contact Maryann Catalano at (212) shares of common stock at prices 312-3969 or entrepreneurshiprfei ● American Express Co. (AXP) ranging from $38.07 to $44.17 between Requests proposals by 4 p.m. on Jan. 11 @nycedc.com. Jan Leschly, director, sold 70,500 shares Nov. 16 and Nov. 19, in a transaction NEW IN TOWN for a consultant to provide engineering of common stock at prices ranging from worth $1,175,760. During the same design services during construction for $55.08 to $55.10 on Nov. 19, in a period, he sold 28,000 shares of Companies that would like to have details the Ward’s Island wastewater treatment REAL ESTATE DEALS transaction worth $3,883,775. On the common stock at prices ranging from of openings published should submit plant’s final settling tank rehabilitation. same day, he purchased 70,500 shares of $70.00 to $70.13, in a transaction worth descriptions following this format to A preproposal conference will be held Companies that would like to have details common stock at prices ranging from $1,962,893. He now directly holds [email protected], with Dec. 14 at 9:30 a.m. at the Ward’s Island of their recent transactions appear in these $55.16 to $55.17, in a transaction worth 17,060 shares. “New in Town” in the subject line. wastewater treatment plant, in the listings should email descriptions following $3,889,168. He now indirectly holds resident engineer’s office conference this format to ELaermer@crainsnewyork 155,559 shares. ● Ralph Lauren Corp. (RL) ● Macaron Parlour room. For more information or to obtain .com, with “Real estate transaction” in the Ralph Lauren, chief executive, exercised 111 St. Mark’s Place, Manhattan bid documents, contact Jeanne subject line, or enter them online at Douglas E. Buckminster, divisional options on 12,500 shares of common The patisserie opened in the East Village. Schreiber at (718) 595-3456 or crainsnewyork.com/submitadeal. Deals are president, exercised options on 37,128 stock at $25.33 on Nov. 20, in a It offers a variety of the eponymous treats [email protected]. listed in order of square footage. shares of common stock at $29.24 on transaction worth $316,563. On the with nontraditional fillings. Nov. 19, in a transaction worth same day, he sold 12,500 shares of ● Department of Housing Preservation COMMERCIAL $1,085,586. On the same day, he sold common stock at prices ranging from ● Sirio Ristorante New York and Development ● Mirage Fashion of NY signed a lease 27,880 shares of common stock at $155.79 to $156.23, in a transaction 2 E. 61st St., Manhattan Seeks competitive bids by 11 a.m. on for 5,600 square feet at 1410 Broadway. $55.09, in a transaction worth worth $1,950,983. The restaurant opened in the Pierre Dec. 27 for demolition services citywide. The tenant was represented by Wayne $1,536,035. He now directly holds Hotel on the Upper East Side. The A mandatory prebid conference will be Siegel and Tom Sullivan of Coldwell 65,446 shares. ● Time Warner Cable Inc. (TWC) menu will feature contemporary and held Dec. 12 at 11 a.m. at the Banker Commercial. The landlord, LH Gail MacKinnon, executive vice seasonal Italian cuisine. department, 100 Gold St., sixth floor, Charney & Associates, was represented ● Regeneron Pharmaceuticals Inc. president, exercised options on room 6-S. To get more information or to by Richard Doolittle of Murray Hill (REGN) 12,590 shares of common stock obtain bid documents, contact Brian C. Properties. The asking rent was P.Roy Vagelos, chairman and director, at prices ranging from $23.48 to $37.34 COMPANY MOVES Saunders at (212) 863-6590 or undisclosed. sold 32,500 shares of common stock at on Nov. 19, in a transaction worth [email protected]. prices ranging from $160.59 to $161.06 $351,996. Between Nov. 16 and Nov. 19, Companies that would like to have details ● Kral Clerkin Redmond Ryan Perry & on Nov. 19, in a transaction worth she also sold 16,342 shares of common of recent moves published should submit ● Department of Parks and Recreation Van Etten signed a lease for 5,300 $5,219,974. He now indirectly holds stock at prices ranging from $90.62 to descriptions following this format to Seeks competitive sealed bids by 10:30 square feet at 30 Broad St. Richard 285,553 shares. $91.19, in a transaction worth [email protected], with a.m. on Dec. 19 for the planting of new Doolittle and John P.Howard of Murray $1,487,408. “Company Moves” in the subject line. and replacement street trees in Hill Properties represented both the Neil E. Stahl, senior vice president, Community Boards 10 and 12-14 in landlord and the tenant. The asking rent research and development sciences, ● Weight Watchers International Inc. ● Brooklyn Industries Queens. Bid documents are available for was $37 per square foot. exercised options on 54,500 shares of (WTW) 1420 Cortelyou Road, Brooklyn a fee of $25, payable by check or money common stock at $16.80 on Nov. 20, in a Melanie Stubbing, president, Europe, The clothing store opened in Ditmas order to the City of New York, ● Parker and Quinn signed a 15-year transaction worth $915,600. He also exercised options on 24,750 shares of Park. It is the brand’s 14th location in Department of Parks and Recreation, in lease for 4,200 square feet at 63 W. 38th sold 24,357 shares of common stock at common stock at $19.74 on Nov. 20, in a New York City. the Blueprint Room, room 64, Olmsted St. The restaurant and the landlord, the prices ranging from $173.80 to $175.49 transaction worth $488,565. On the Center, Flushing Meadows Corona Refinery Hotel, were represented by on Nov. 21, in a transaction worth same day, she sold 24,750 shares of ● French Room Park. For more information or to obtain James Rainey of Manhattan $4,245,442. He now indirectly holds common stock at $55.01, in a 16 W. 22nd St., Manhattan bid documents, contact Anna Zieba at Commercial Group. The asking rent was 64,600 shares. transaction worth $1,361,389. Ⅲ The lounge opened in the flatiron (718) 760-6918 or anna.zieba@ $30,000 per month. district. The bar is a secondary parks.nyc.gov. establishment to Mihoko’s 21 Grams, in RETAIL the same location. ● School Construction Authority ● Baccarat signed a multiyear lease at DEALS ROUNDUP Seeks competitive sealed bids by 10 a.m. 635 Madison Ave. at East 60th Street. ● MacKenzie-Childs on Dec. 18 for roofs, flood elimination, The crystal jeweler will occupy 2,900 20 W. 57th St., Manhattan exterior masonry and area paving at P.S. square feet on the ground floor. The TRANSACTION SIZE The gift shop opened a new flagship 79 in Manhattan. Bid documents are tenant was represented by Eric Le Goff SELLER/TARGET (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE location in the Plaza district. The available for a $100 fee, payable by and Jim Downey of Cushman & Herkules Capital AS, $902.0 BASF SE SB M&A previous store was at 14 W. 57th St. certified check or money order only, to Wakefield.The landlord, Ashkenazy Kistefos A.S., JPMorgan the New York City School Construction Acquisitions, was represented in-house. Chase & Co. private Authority. For more information or to The asking rent was not disclosed. banking and investment BANKRUPTCIES obtain bid documents, contact Ekoko banking investments ● (Manhattan), Swedbank AB Omadeke at (718) 752-5854 or Zagg Inc. signed a lease for its first asset management arm, The following listings are selected from the [email protected]. New York City location in the lobby of Maxfield AS, J&J Future most recent available filings by companies the Empire State Building at 350 Fifth Invest AS/Pronova seeking bankruptcy protection in the GOODS AND SERVICES Ave. The mobile-device accessories firm Biopharma ASA Southern and Eastern Districts of New ● Department of Citywide Administrative will take 500 square feet on the ground ARC Financial Corp., $500.4 Pacific Rubiales Energy Corp. SB M&A York. Information was obtained from U.S. Services floor. The tenant was represented by Mason Hill Advisors Bankruptcy Court records available on Seeks competitive sealed bids by 10:30 Michael Kadosh of CBRE. The (Manhattan), Denham Public Access to Court Electronic Records. a.m. on Dec. 24 for the provision of landlord, Malkin Holdings, was Capital Management, Listings are in alphabetical order. sterile and nonsterile gloves. A copy of represented by Andrew Goldberg and 32 Degrees Capital/ C&C Energia Ltd. the bid can be downloaded from the Matt Chmielecki of CBRE. The asking ● Balkani Realty Inc. City Record Online site at http://a856- rent was $500 per square foot. CMEA Capital, InterWest $377.0 Wright Medical Group Inc. SB M&A 96 Halstead Ave., Bronx internet.nyc.gov/nycvendoronline/home Partners, Novo A/S, ClearBridge Asset Filed for Chapter 11 bankruptcy .asp or by contacting Vendor Relations Management Inc. protection on Nov. 20. The filing cites by email at [email protected], STOCK TRANSACTIONS (Manhattan)/BioMimetic estimated liabilities of $1,000,001 to by telephone at (212) 669-8610 or by fax Therapeutics Inc. $10 million and estimated assets of at (212) 669-7603. For more Following are recent insider transactions at The Swig Co./ $360.0 Ivanhoe Cambridge Inc. (49.9%) SB M&A $1,000,001 to $10 million. information, contact Jeanette Cheung New York’s largest publicly held companies 1411 Broadway at (212) 386-0469 or jcheung@ filed with the Securities and Exchange in Manhattan dcas.nyc.gov. Commission by executives and major Lloyd’s Banking Group/ $237.1 Apollo Global Management FB M&A GOVERNMENT CONTRACT shareholders. Listings are in order of Lloyd’s Banking Group (Manhattan) OPPORTUNITIES ● Department of Parks and Recreation transaction value.The information was portfolio of Irish commercial Seeks competitive sealed proposals by obtained from Thomson Reuters. real estate loans Following are selected contract 3 p.m. on Jan. 16 for the installation, KBR Inc., Brookfield $174.6 W.P. Carey Inc. (Manhattan) SB M&A opportunities recently announced by New operation and management of an ● Cablevision Systems Corp. (CVC) Asset Management Inc. York City agencies.To learn how to sell outdoor holiday gift market at Charles F. Dolan, founder and real estate arm/40-story goods and services to city government, visit Columbus Circle in Manhattan. chairman, exercised options on office tower and adjacent www.nyc.gov/selltonyc. For a searchable A prebid site visit will take place 1,358,100 shares of common stock at 1,499-stall parking garage located in Houston database of current procurement notices, Dec. 12 at 11 a.m. at the proposed prices ranging from $4.90 to $9.44 visit www.nyc.gov/cityrecord. Listings are concession site at Columbus Circle between Nov. 19 and Nov. 20, in a Selected deals announced for the week ended Nov 24 involving companies in metro New York. FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing alphabetical by category and department. Plaza, around the Maine Monument, transaction worth $9,130,450. During shares of a company with the participation of a financial buyer. GCI: Growth capital investment between Central Park South and the same period, he sold 980,900 represents new money invested in a company for a minority stake. SB M&A: Strategic buyer CONSTRUCTION SERVICES Central Park West.To obtain bid shares of common stock at prices M&A represents a minority or majority acquisition of existing shares of a company without the ● Department of Environmental documents or to make inquiries, contact ranging from $13.91 to $13.98, in a participation of a financial buyer. source: capitaliq Protection Lauren Standke at (212) 360-3495 or transaction worth $13,674,482. He

December 10, 2012 | Crain’s New York Business | 21 IN THE BOROUGHS BROOKLYN

fordable housing will open next door. added in an area where the unem- business for area eateries and others. “This will offer the kind of ath- ployment rate is 51%, more than six “It’ll be a big boost for the neigh- New Y for Coney I. letic and exercising area that fami- times the city’s average,according to borhood,” said Edwin Cosme, pres- lies need and can afford,” said statistics compiled by the YMCA. ident of the Coney Island Board of Continued from Page 3 centrating on the amusement area, Brooklyn Borough President Marty No wonder area residents are al- Trade and owner of a hair salon and taller towers and affordable hous- but this Y is concentrating on the Markowitz. ready lining up. an electronics shop on Mermaid Av- ing. It also bought a nearly seven- community section of Coney Is- The Y hopes to have much the enue, about a quarter-mile from the acre parcel within the footprint of land,”said Eddie Mark,chairman of same impact five miles east in the Job opportunities new Y. the old amusement park and leased Community Board 13 and a long- Rockaways, an area hit even harder During a recent tour of the con- “A lot of people think of the Y as it out to new operators. Today, the time resident. “People are excited by Sandy. There, a similar facility struction site,Michael Washington, just a pool and a gym, but it’s so new Luna Park and the Scream that they’re getting something back will open next year near the beach. a Coney resident who has worked in much more,”said Kevin Burke,chief Zone are big successes, drawing from the city—year-round pro- The new Ys will also be some- the area for 20 years as a basketball executive of Consolidated Edison 640,000 visitors last year. grams for kids, seniors and adults.” thing else: Both will act as econom- coach, approached Y officials about Inc. and chairman emeritus of the Those improvements, however, The Coney Island Y will be at Surf ic catalysts, according to Mr. Lund. job opportunities. YMCA’s board. were for the summertime crowd,the Avenue and 29th Street, where it is He projects the Coney Island Y, Area retailers are champing at Now that they’re getting their Y, throngs of tourists.The Y, residents expected to draw 15,000 members— which will cost nearly $24 million to the bit in anticipation of the Y’s ar- many residents are hoping that more happily note, will be for them. two-thirds of them children. A resi- build, will employ 125, including rival,hoping it will bring an increase pieces of the puzzle will soon be filled “Right now, everybody is con- dential tower with 195 units of af- part-timers. Those jobs will be in foot traffic and, with it, more in as well.Eventually,many say,they’d like to be able to buy more of what they need locally. “Clothing stores and stuff like that are still lacking,” said Judi Or- lando, executive director of Astella Development Corp., a 37-year-old nonprofit focused on affordable housing and economic develop- ment. Ⅲ FROM AROUND THE CITY STATEN ISLAND Museum hopes to resurrect beacon

Up until Oct.29,the stately Old Or- chard Lighthouse,three miles off the southern end of Staten Island, was a popular destination for boat tours organized by the borough’s National Lighthouse Museum. Now, six weeks after Superstorm Sandy swept the 35-foot-tall landmark from its rocky perch, the museum’s executive director is trying to salvage what she can of the 119-year-old structure. Linda Dianto hopes to locate, sal- vage and re- construct the People choose different paths. cast-iron wreckage for Especially true when it comes to their employee benefits. display in the museum in the borough’s St. George section,on the waterfront near the ferry terminal. To do anything, she first needs Each of your employees is unique. And so are their benefit needs. to get permis- With the Bright Choices® Exchange, your employees simply go online sion from the lighthouse’s

and answer questions to get health and other benefits recommendations based on their individual needs. u.s. guard coast owner, an un- They’ll have a choice of 8 different medical plans, life, disability, HSAs, FSAs, dental, vision, wellness, legal LIGHTS OUT: The Old named indi- Orchard Lighthouse was plans and much more from top national and regional providers. We even help your employees make the right swept from its perch. vidual who bought it from choices with our award-winning decision support and educational tools, all while managing the cost of those the Coast choices to meet your budget and theirs. Your business can start saving money today. Talk to your broker Guard four about Bright Choices or register for a free webinar at www.brightchoicesny.com to learn more. years ago for $235,000. Then she’ll need sonar, scuba divers, dredgers and, of course, money. A private exchange is now available in NYC “The Coast Guard is extremely busy right now,” Ms. Dianto said. for small businesses. “But bringing the lighthouse back would be a tribute to [it] and any other that has been lost. It would be Bright Choices® is a registered trademark of Liazon Corporation. © 2012 Liazon Corporation a testament to the ravages of Sandy. It would be a monument.” —ken m. christensen

22 | Crain’s New York Business | December 10, 2012 One of the top-paid fashion ex- founder of an eponymous retail ex- retailers, is also expanding in Asia, Ralph Lauren ecutives in the industry, Mr. Lauren ecutive search firm. where it has opened seven stores and made $36.3 million last year, nearly is planning for another 14 by the end double that of Mr. Farah. In addi- Buying power of the fiscal year. Mr. Farah has not- Continued from Page 1 against rivals. Mr. Kors’ bags are now tion, the brand founder controls a With little long-term debt—less ed that until Ralph Lauren has a business, where shoes and handbags famous for their golden MK logo, as special class of stock that gives him than $270 million—the company is larger presence in China, it won’t be reign supreme and ring up big profits. recognizable these days as the polo and his family 69% of the voting well positioned to acquire a younger, able to fully capture the coveted Ralph Lauren Corp. has re- player on Ralph Lauren shirts. power of the company. trendier label,similar to its purchase Chinese tourists who are spending trenched by ending poorly perform- “This season, if you walk past a According to documents filed of Club Monaco in 1999,in order to money in Europe. Ralph Lauren ing labels like Rugby and the lower- display of Lauren by Ralph Lauren with the SEC, Mr. Farah’s contract secure a stronger foothold with re- also recently launched an e- priced American Living at J.C. bags, you wouldn’t know it was is set to expire in March of next year, tail’s next generation of consumers. commerce site in Japan. Penney,which began winding down them—there’s not a clear-enough and it’s not clear if a succession plan But for now, the fashion heavy- “So they know our brand, they earlier this year. Yet it still needs to point of view,” said Marni Shapiro, is in place should the respected retail weight is focusing on its core luxury understand our brand and then when find a formula for moving forward. managing director at retail consul- veteran leave (as has been rumored). business. In November, it added RL they travel,they’ll look for our brands “It’s a brand that is mature and tancy Threadstone Advisors. Mr.Lauren’s son David,41,works at Vintage, an e-commerce site carry- in capital cities, so that’s still to come tends to have an older crowd—it’s While Mr. Lauren, at 73, is still the company as executive vice pres- ing an assortment of archived items in the years ahead,”Mr.Farah said on not especially contemporary,” said involved with the design side of his ident of marketing. from the Ralph Lauren label. Cus- a recent conference call. Ⅲ Steven Dennis, president of Sage- firm, retail insiders note that for the “There are not a lot of people out tomers can shop the site, but prices Berry Consulting, which specializes past 12 years, he’s delegated most of there who have [Mr.Farah’s] kind of are available only on request. LISTEN to a discussion at in the retail industry.“That’s a chal- the business side to Mr. Farah. industry stature,” said Kirk Palmer, The company, like many other CrainsNewYork.com/podcasts lenge in terms of stretching to at- tract the millennial consumer.” Of course, the global brand still carries tremendous weight with cus- tomers and investors for its classic looks and strong brand recognition. Ralph Lauren still owns a couple of youth-oriented labels—Club Mon- aco and Denim & Supply, a year-old offering sold exclusively at Macy’s— and many believe the clothier, run by Mr. Lauren and President and Chief Operating Officer Roger Farah, has long-term growth potential. Execu- tives at the firm declined to comment for this article. “We are buyers of RL as we be- lieve this is a best-in-class global brand that will disproportionately benefit in an apparel recovery cycle that skews toward a more refined, classic aesthetic,”wrote Erinn Mur- phy, a retail analyst at Piper Jaffray & Co., in a recent research report. Quarterly revenue declines But a few threads are already fray- ing on the financial front. Last month, Ralph Lauren reported that its revenue dropped 2.2%, to $1.86 billion, for the quarter ended Sept. 29, compared with the year-earlier period.It was the company’s first de- cline in four quarters.Net income for the quarter was also down 8.5% over the year-earlier period, to $213.7 million. Even so, the company’s share price has gone up about 3% in the past 12 months and currently trades near $154.By comparison,the Standard & Poor’s 500 retailing in- dex is up 25% over the past year. Meanwhile, Mr. Kors, a popular figure in fashion through his Project Runway appearances, is closing in. Though a much smaller company, Michael Kors Holdings Ltd.,which has nearly 250 stores worldwide,be- You want a financial ally with a powerful grasp of the national and international marketplace. With Union Bank®, you’ll have the gan trading publicly last year and re- expertise and solutions you need to expand your business on a global scale. Our relationship managers can help you streamline cently reported a 74% rise in rev- enue, to $532.9 million, for its operations with everything from global treasury management solutions to foreign exchange. And through our relationship with second quarter. According to search Mitsubishi UFJ Financial Group, you’ll have access to local experts in over 40 countries. That’s the definition of a strong global partner. engine Bing, Mr. Kors was the most searched-for designer of 2012, and the company’s stock has more than With Union Bank, the world can be an easy place to do business. Call us today. doubled in value,to about $52,since Corporate & Institutional Treasury Services: National Banking: Fund Finance: Commercial Finance: its December 2011 debut. Marla Feldman Douglas St. Amant Richard Rizzo Terence Hatton Richard K. Stang To kick-start growth, experts say, Vice President Vice President Senior Vice President Senior Vice President Senior Vice President Ralph Lauren must bring its trailing 914-273-0351 646-452-2523 646-452-2123 646-452-2113 646-452-2522 accessories business up to speed by expanding it and offering better products. The accessories category has been on an upswing in recent years as consumers skip big purchas- es like suits or dresses, spending in- ©2012 Union Bank, N.A. All rights reserved. stead on statement pieces to update Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG), their existing wardrobe. Retail ex- one of the world’s largest financial organizations. Financing subject to credit perts said that although Ralph Lau- and collateral approval. unionbank.com ren offers some handbags, the de- signs don’t stand out when stacked up

December 10, 2012 | Crain’s New York Business | 23 Make Memories (and History) this Holiday Season

Located across from Central Park on the Upper West Side, the newly renovated New-York Historical Society is suited for events that accommodate 20 guests for an intimate dinner, 250 guests for a formal seated affair, or 500 guests for cocktail receptions. In addition, our 420-seat theater features an astonishing 75-foot-long screen. Stephen STARR Events brings the exceptional dining experience of renowned STARR Restaurants, including Buddakan and Morimoto, to catered events at the New-York Historical Society. Melding daring cuisine, unparalleled presentation, and an unrivaled attention to detail, Stephen STARR Events will make your holiday party a lasting impression.

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HELLUVA TOWN INSIDE Source Lunch A More grills store for the modern on the fire quilter PAGE 26 Windy City import Roti Out and About Mediterranean Grill is planning to blow into New York early next Andy Warhol drawings year. PAGE 27 But the chain has faced some pretty strong headwinds. Its first store, located at 100 Maiden Lane, is behind schedule thanks to Superstorm Sandy, which knocked power out of the building. “The storm was certainly a bit of a setback, but we will start construction soon using generators,” said co-owner Mats Lederhausen, a veteran fast-food executive who has held top positions at McDonald’s, Boston Market and Chipotle Mexican Grill. Roti, known for its hummus,

couscous and pita bread, boasts six eateries in Chicago and nine in the Washington, D.C., area. The five-year-old chain has big plans for New York. It is already negotiating another three leases as part of a 10-store expansion here. “Of course, I learned a lot from my Chipotle experience,” said Mr. Lederhausen, who was chairman of the popular Mexican-restaurant chain. “But Roti is not an attempt to mimic that. There are differences between the concepts.” —lisa fickenscher Magazine goes vegan

Artist and graphic designer Julie Gueraseva, who has done design TEAMWORK: work for a string of magazines Siblings Patrick including Harper’s Bazaar and and Brooke Redbook, is launching a title of her Denihan co-lead own this week called Laika their eponymous Magazine. Among the features in hospitality firm. the debut issue are a photo essay on animals and a spread on the hottest vegan fashions. Hot vegan fashions? Who knew? Ms. Gueraseva, who dropped Oh, brother! animal products from her diet and wardrobe six years ago, aims to reach readers who “wouldn’t Sibling rivalry in the executive suite? Not for the Denihans, ordinarily pick up a vegan publication” but want something “cool, stylish, refreshing and who are the exception to the rule intelligent,” she said. “The goal is to spread compassion—in a kind way.” buck ennis She also wanted the first issue to be coffee-table-worthy, which is why, she said, it has only two BY ELIZABETH MACBRIDE FAMILY AFFAIR pages of ads—both from vegan food companies. n late 2005, six Denihan family members were in a meeting in the headquarters of Named after the dog shot into their family’s century-old Manhattan hospitality company. ¶ Tensions were rising. ¶ space on Sputnik 2 in 1957, Laika has a cover price of $10 and will They had worked together for decades, guiding the company after the death of their be published quarterly. Ms. father in 1986. But the real estate market was booming, and four of the six wanted out. 6 Gueraseva, NUMBER OF HOTELS who financed Selling the company’s eight Manhattan hotel properties would yield millions. ¶ Patrick and Brooke the launch Patrick and Brooke Denihan looked at each other across the table. Each knew what Denihan bought from their herself, is family in 2005 considering the other was thinking: 2005 wasn’t the perfect time to sell; it was the perfect time to going to buy. ¶ Via telephone that night, they confirmed the partnership.The brother and sister Kickstarter would sell some hotels, buy out their family members with the proceeds and become co-CEOs of for an additional a reformed company. ¶ Seven years later, the six hotels they bought have become 15: Denihan investment. IHospitality Group owns and operates eight properties and manages seven more. It also owns or “Something like this lends itself NUMBER15 OF HOTELS the manages nine restaurants, including noteworthy Manhattan eateries David Burke Kitchen and well to crowdfunding,” she said. Denihans now own or —matthew flamm Jimmy.The company was forced to downsize in the recession of the See FAMILY on Page 26 manage

December 10, 2012 | Crain’s New York Business | 25 SOURCE ther, a valet for the Yale Club. It served the stars of the day: Patrick LUNCH: Family business has a framed receipt hanging on his CATHY IZZO wall for one of Marilyn Monroe’s gowns: red taffeta and red silk jer- by Matthew Flamm Continued from Page 25 workplace because the rivalry tends sey.Tom Wolfe took his white suits late 2000s, but by focusing on rev- to be less intense.In fact,the key in- to B.J. Denihan. enue generation—upselling, in- gredient to a working sibling rela- In the middle of the 20th centu- centivizing people—it laid the tionship may be the lack of rivalry. ry, the Denihans’ father moved the foundation for the growth it is ex- “You have to genuinely want it to company into the hotel business— Her store proves periencing now. work,”he said.“You have to be gen- the first hotel was Lyden Gardens Revenue in 2011 from owned uinely happy when the other person in Manhattan in 1963. (Today, it’s and managed hotels was $300 mil- succeeds and gets the credit.” Affinia Gardens.) The children lion, up 15% over 2010. The com- The Denihans, who are the sec- were brought up in the business. it’s cool to quilt pany is growing from its Manhattan ond- and third-born siblings in their Brooke learned to make doll roots, with a presence in Chicago, family (Brooke is older by two years), clothes from the company’s seam- Washington, D.C., and Miami. describe their relationship simply. stresses. Patrick had his start in ince founding The City And now young people are getting into “She has my back and I have construction. He saw his father Quilter in 1997, late- quilting? Boardroom fistfights hers,”said Patrick.They finish each stop by a site where the workmen blooming quilter Cathy There’s a new movement called Many family businesses (they other’s sentences and have a shared were standing instead of working. Izzo has made the store a Modern Quilters. It’s younger peo- make up two-thirds of all compa- history that stretches all the way “He picked up a wheelbarrow tourist destination, a fea- ple doing quilting in a slightly differ- nies in the United States) end up back to when they got their tonsils and walked with it,” Patrick said. Stured business on the New York Orig- ent way.It’s more simplified.It’s a big with siblings in executive roles in out together at Flushing Hospital. “He got the people to move.” inals PBS series airing in January and movement. You know Comic-Con? the second or third generation.Few They divide the responsibilities The company’s fortunes ebbed New York’s No. 1 fabric/notions There’s going to be the first-ever of them work even marginally well, for running the company. She and flowed with the city’s. In the shop, according to Zagat. The ven- QuiltCon in Austin in February. and very few last, said John Davis, manages hotels and operations; he late ’70s, the company closed its ture, which Ms. Izzo runs with her And Brooklyn has the Renegade faculty chair of the Families in is responsible for growth and devel- public dry-cleaning operations.But husband, Dale Riehl, followed a ca- Craft Fair. It’s not the crafts we used Business program at the Harvard opment. The pair don’t do lunches it wasn’t until Brooke and Patrick reer in television that included stints to do when we were kids. It’s got a Business School. “I’ve seen fist- or dinners,but they do have a week- took over that the firm became as a producer and video editor. The little edge to it, I guess because in fights in boardrooms,or close,”said ly two-hour sit-down to talk about known as a growth operation, said City Quilter now takes up 4,000 some way you’re opting out of a so- Mr. Davis, who knows the Deni- the company’s agenda. They live a Sean Hennessey, president of hotel square feet on West 25th Street and ciety in which everything is mass- hans. “Functional co-leaders who few blocks apart from each other in consultancy Lodging Investment comprises eight different businesses, produced. [Quilting] is about indi- are siblings are very rare.” Manhattan but don’t spend a lot of Advisors. “The nature of the old including lessons, its own fabrics viduality. The sibling relationship,fraught time together outside the office. ownership structure—you needed line, sewing machine sales and the in many families, can be nearly im- everyone to agree—made it harder Art Quilt Gallery. Overall, sales are Manhattan seems like a strange place possible when the pressures of run- Clean versus clutter to grow,” he says. The company’s more than $1.5 million,up 10% from for a quilting store. How have you stayed ning a business are thrown into the Their side-by-side offices are a properties now consist of three- to a year ago. in business? mix. There are a handful of exam- study in contrast. Hers features a five-star boutique hotels, including We’re the only store dedicated to ples of sibling co-leaders. In Man- nearly clean desk. His is cluttered the James and Affinia brands. You were in your late 30s when you quilters. You can go to the garment hattan, tech company Paperless with stacks of paper and a good bit Brooke and Patrick see the les- started quilting. Did you at least sew be- district and find fabric, but will you Post is led by co-founding siblings of memorabilia from the compa- sons they’ve learned together as cru- fore then? find weird rulers and 400 James and Alexa Hirschfeld. The ny’s early days. Patrick is also the cial to the growth of their business. I was not even a sewer. WHERE quilting-book titles? If you Smucker brothers turned their rela- company’s institutional memory. They say the fastest growth will like- When I was in college I THEY want to make a quilt, you tionship into a tagline. There is a lot to remember. ly come from managing other hotels was sewing a button on my DINED would be able to find Mr. Davis said relationships of The firm’s precursor was B.J. and other forms of partner- shirt, and when I stood up MORIMOTO everything you need in our siblings of opposite genders may Denihan, a dry-cleaning business ships.“Our strength is our ability to the shirt was sewn to my 88 10th Ave. store. work a little more easily in the that was founded by their grandfa- partner with people,” Patrick said. pants. But I’ve always ad- (212) 989-8883 mired quilting.We were in www.morimoto Of your eight different busi- Santa Fe one winter,and [I nyc.com nesses, which is the biggest? saw] this incredible quilt AMBIENCE: Lots Fabric is the main busi- that looked like Matisse’s of glass and ness.There are people who jazz cutout series. I love blonds—wood, love fabric. They collect it. Matisse. And I thought: that is. The I look at hundreds of thou- bathrooms were Oh my God, I want that; stunning. sands of fabrics every year. it’s so gorgeous. And— A lot of people in the gar- this was in the early ’90s— WHAT THEY ATE: ment district sell fabric, it was about $5,000. And I Two orders of but they don’t understand the bento box: said, I bet I can make this. mixed greens, how quilters use it. I bought a Sears sewing miso soup, sushi, machine, I bought books, tempura, braised The gallery is the only part of and I taught myself. black cod in your business that doesn’t ginger-soy make money. Why keep it? reduction Eventually, you found that a Side orders It’s a labor of love. The lot of other women were of rice work that’s being done is taking up quilting, too. Gen mai tea so exceptional and cre- There’s been an explosion. ative and beautiful, I real- TAB: $97.90, I was of the era of women’s including tip ly want people in New liberation,so it was hard to York to be aware of it.And go back to saying you the artists have been wanted to learn to do these things. thrilled to be seen here. But with craft fairs and Martha Stewart,it’s become much more per- Amazon.com has started selling fabric. missible, if I can use that word, for Are you worried about your customers women to show an interest in this shopping online? stuff. People want to make some- That has everyone very nervous. I thing that has something of them- feel the best way to compete is to selves in it. When I stopped [being a make my business the best it can be. video editor], I said I want to do The thing about buying fabric online something where I’m surrounded by is it’s hard to know what you’re get- beautiful things all day, and where at ting. There will always be people the end of the day there’s a product— who want to see it and feel it and something you can actually touch. touch it. ■

INSIDE TIP: Partial antidote to vertigo- inducing prices ($8 for a cup of tea): the $24 prix fixe lunch

26 | Crain’s New York Business | December 10, 2012 OUT AND SNAPS Museum of Chinese in America raises record sum ABOUT by Emily Laermer and Miriam Kreinin Souccar

CULTURE FIX CAREER BUILDERS FRIDAY, DECEMBER 14, MONDAY, DECEMBER 10, AND SATURDAY, DECEMBER 15 AND TUESDAY, DECEMBER 11 Get into the holiday Learn how to handle selected tax spirit with accounting and corporate governance conductor Steven issues facing tax practitioners at Reineke and the Bloomberg BNA’s seminar, CURRENT New York Pops as it ISSUES IN ACCOUNTING FOR INCOME performs its TAXES ASC 740. Attendees will learn multidenomin- about the latest trends, the role of the ational holiday Tax Department and how to satisfy concert, JOY TO THE Sarbanes-Oxley Act requirements. WORLD, featuring They are also eligible for up to 16 eclectic pop group michael tammaro continuing-education credits. It starts Pink Martini. Both shows are at 8 p.m. at at 8 a.m. at New York-Marriott East mcmullan.com patrick Carnegie Hall’s Stern Auditorium, West Side, 525 Lexington Ave., between mcmullan.com patrick JEAN and MARTIN SHAFIROFF pose at the 57th Street at Seventh Avenue. Advance East 48th and East 49th streets. FRANK DE BIASI, SHARON BUSH, DIANE WOO, JEANNE LAWRENCE and AMY FINE COLLINS at Lighthouse International fete on Dec. 4. The tickets start at $37 and can be purchased Admission costs $1,395. For more the Museum of Chinese in America’s Legacy Awards Gala on Dec. 3. The evening raised more than 25th anniversary of the event raised $1.3 million, a record for the cultural institution. $650,000. by visiting the Carnegie Hall Box Office, information, visit www.bna.com. 154 W. 57th St., calling (212) 247-7800, or visiting www.carnegiehall.org. A limited TUESDAY, DECEMBER 11 number of seats will be available the day of To find out about the relationship the concert, starting at 11 a.m., for $10. between sports and media rights, attend the free panel SPORTS AND THROUGH SUNDAY, DECEMBER 16 MEDIA RIGHTS IN A DIGITAL AGE. Come see artifacts from Disney’s hit Panelists include Chris Bevilacqua, musical at the pop-up exhibition INSIDE chief executive at BHV and a sports THE LION KING. The free display will media rights consultant; Stephen include handmade puppets, sculpted Espinoza, executive vice president masks and production sets, in addition to and general manager at Showtime displays of concept material and sketches. Sports; and Mike Sheehey, senior There are also opportunities for photos vice president, programming, at the with characters and scenes from the NBC Sports Group. The panel starts production. It is open daily, 10 a.m. to 8 at 8:30 a.m. at Arent Fox, 1675 p.m., at 1095 Sixth Ave., at West 42nd Broadway, at West 52nd Street. For Street. For more information and event more information, visit www.gotham schedules, visit www.lionking.com/exhibit. mediaventures.com. DON’T MISS WARHOL DRAWINGS

THROUGH FRIDAY, DECEMBER 28 kesselman photography lily Andy Warhol was an artist way before the soup RICHARD BUERY, BILL MCDERMOTT and GENE MCQUADE at the Children’s Aid mcmullan.com patrick can.The National Arts Club presents ANDY Society’s second annual Keeping the Promise gala on Nov. 29. The event raised more ISAAC MIZRAHI and FIONA HOWE RUDIN get cozy at WARHOL: IMAGINARY FRIENDS, 49 original than $1.5 million for the charity. the New 42nd Street party on Dec. 5. drawings done between 1955 and 1967, which reflect the artist’s fascination with the performing arts.The rarely seen drawings were created as thank-you gifts for his friend Lydia Joel.The gallery is at 15 Gramercy Park South, at Irving Place. It is open Mondays through Fridays from 10 a.m. to 5 p.m. and Saturdays and Sundays from 11 a.m. to 5 p.m. Admission is free. For more information, visit www.nationalartsclub.org.

OPENING FUNDRAISERS FRIDAY, DECEMBER 14 THURSDAY, DECEMBER 13 See photos of historic structures at The David Lynch Foundation’s HISTORIC THE LANDMARKS OF NEW YORK, an NIGHT OF JAZZ will raise money for free exhibition at the New-York meditation instruction for inner-city kids and Historical Society.The collection others. The evening will feature performances chronicles the city’s journey from a by Wynton Marsalis, Herbie Hancock and small colonized village into a Wayne Shorter. The event starts at 6 p.m. at metropolis.The exhibition runs Jazz at Lincoln Center’s Frederick P.Rose through Feb. Theater, 60th Street and Broadway.Tickets 18, 2013, at start at $1,250 for individuals. For information 170 Central and to purchase tickets, visit www.change Park West. beginswithin.org. The museum is open Tues- SUNDAY, DECEMBER 16 days to Thurs- The Ali Forney Center, a support network for days and Sat- homeless or displaced gay, lesbian, bisexual urdays from 10 and transgender youth, was destroyed during steven tucker a.m. to 6 p.m., Superstorm Sandy.To help with its recovery, it Fridays from 10 a.m. to 8 p.m., and is hosting A BETTER HOLIDAY: A CONCERT AND Sundays from 11 a.m. to 5 p.m. ART BENEFIT FOR THE ALI FORNEY CENTER. Dan Admission is $15 for adults, $12 Savage will co-host. The benefit is at 7 p.m. at for seniors and $10 for students. XL Nightclub, 512 W. 42nd St. Tickets start Visit www.nyhistory.org. at $20. Visit www.aliforneycenter.org. MARK YOUR CALENDAR… TUESDAY, JANUARY 29 TONY AWARD WINNER NATHAN LANE will host the New York Philharmonic’s SYMPHONIC SONDHEIM. Conducted by Paul Gemignani, the show will include a new arrangement from Sunday in the Park With George. The performance is at 7:30 p.m. at Avery Fisher Hall, Columbus Avenue and West 65th Street. Tickets start at $35 and can be purchased by calling (212) 875-5656 or visiting www.nyphil.org.

December 10, 2012 | Crain’s New York Business | 27 Shelly’s inspiration comes from the students she helps every day. And Time Warner Cable Business Class enables her to succeed. That is why we worked with her to set up an Ethernet solution to allow students to stream videos between classes across the entire district. At Time Warner Cable Business Class, we listen to your needs — so you get the right mix of Internet, Phone, Ethernet and Cable TV solutions. We did that for Shelly. We can do it for you. 1.866.TWC.4BIZ | TWCBC.COM

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