Startups Get Snapped Up

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INSIDE 40 UNDER TOP STORIES FORTY Food banks are NOMINATIONS overflowing, and EXTENDED UNTIL DEC. 9! not in a good way www.crainsnewyork.com/ ® 40under40 PAGE 2 The sketchy math behind tenants’ VOL. XXVII, NO. 49 WWW.CRAINSNEWYORK.COM DECEMBER 5-11 2011 PRICE: $3.00 Stuy Town buyout PAGE 2 Startups get snapped up

NY jumps to No. 2 in flurry of tech M&A, metro region topped $890 million names such as Union Square Ven- in the third quarter,a level of invest- tures—an early backer of Twitter VC activity, but deals still on small side ment that hasn’t been seen since the and online gaming company Zyn- last days of the dot-com bubble, ac- ga—and by a thriving entrepre- from eBay, and urban hipster par- cording to the MoneyTree Report neurial culture, the tech sector here BY MATTHEW FLAMM enting site Babble tapped Disney from PricewaterhouseCoopers and has bucked general business trends for $40 million. Those deals fol- the National Venture Capital Asso- by remaining a bright spot in the Acquisition fever has hit New lowed 35 acquisitions by various ciation, based on data from Thom- city’s economy. What the L? Why York’s bubbling tech scene. Last tech players in the third quarter— son Reuters. That put New York in “It’s a great time for New York,” month, advertising technology up from eight in the year-earlier pe- the No. 2 spot behind Silicon Val- said Linda Gridley, chief executive Billyburg merchants firm interclick sold itself to Yahoo riod, according to CB Insights. ley—and ahead of Boston—for of banking firm Gridley & Co., curse the weekend for $270 million, recommendation The bug bit investors as well. only the second time in a decade. which specializes in technology NEIGHBORHOODS, PAGE 3 engine Hunch peeled $80 million Venture capital funding in the Buoyed by the success of local See STARTUPS on Page 46 Peninsula Hospital bankruptcy drama: the latest twist U.S. banks PAGE 3 cash in BUSINESS LIVES on Euro thrash Wells Fargo, others swoop as overseas players here swoon

GOTHAM GIGS BY AARON ELSTEIN She spins a good yarn with those needles With cash flying out of their vaults ● ANNE FISHER Closing here, bloodied European banks are the tech skills gap P. 49 sounding the retreat from the U.S., providing their New York rivals a ● MOVERS & SHAKERS rare opportunity to seize the busi- Mogul Ricardo Salinas ness being left behind. Pliego shows interest in Anxious depositors have yanked U.S.banking P. 50 CLASS WARFARE: After nearly $200 billion from the U.S. fending off union attacks in ● GAEL GREENE Ode to a branches of European banks this Harlem, Eva Moskowitz is Greek grandmother P. 51 year, according to Nomura Securi- expanding her grade-school ties, depriving the institutions of chain to the Upper West the cash they need to make loans to Side and Cobble Hill. commercial clients. As a result, INDEX loans worth $350 billion are up for buck ennis grabs, mainly big-ticket items like THE INSIDER ______8 aircraft leases or lines of credit to SMALL BUSINESS ______9 global corporations.That’s the sort OPINION ______11 of business craved most by institu-

REAL ESTATE DEALS ______12 tions like JPMorgan Chase, Citi- FOR THE RECORD group and relative newcomers to ______25 EVA-LUTION the New York scene, such as Wells TOP SBA LENDERS ______26 Fargo and U.S. Bancorp. CLASSIFIEDS ______44 It’s a striking turn of events: EXECUTIVE MOVES ______49 Only two years ago, this city’s Charter school champ takes her fight to posher nabes

THE WEEK AHEAD ______51 biggest banks were facing such See BANKS on Page 47 dle-class Brooklyn neighborhood. BY SHANE DIXON KAVANAUGH As she ran through her background as a city coun- cilwoman and school reformer, critics began to yell, Eva Moskowitz asked the simmering crowd of parents, heckle and interrupt. “I can’t shout over people,” said teachers and public school advocates to quiet down. Ms. Moskowitz, who had also faced opposition and Nearly 100 of them had packed the basement of a li- even a lawsuit earlier this year when she started a brary in Cobble Hill in late October to hear Ms. school on the Upper West Side. ELECTRONIC EDITION Moskowitz—who runs a growing network of high- But the sniping persisted, so Ms. Moskowitz left performing charter schools throughout the city—dis- the basement. It was the first time she’d had to aban- NEWSPAPER cuss the school she plans to open next fall in their mid- See ALL ABOUT EVA on Page 46 20111205-NEWS--0002,0003-NAT-CCI-CN_-- 12/2/2011 9:09 PM Page 1

IN BRIEF Number of needy New Yorkers FACEBOOK WILL MAKE NEW YORK ITS FIRST ENGINEERING HUB OUTSIDE OF THE WEST Coast, and will begin hiring in the new year. Chief Operating Officer Sheryl Sandberg growing at alarming rate made the announcement on Dec. 2 at the social media giant’s midtown offices, where it employs 100 people in ad sales and global up 37% from the pre- marketing. She declined to say how many Food banks vious three-year peri- engineers would be hired, insisting that the od. Overall, 1.47 mil- number would depend on how much talent the struggle to keep lion New Yorkers, or company could find, but she noted that up with demand one in six, are strug- Facebook would be looking for new offices. gling against hunger. as funding drops “The number of NEW YORK STATE’S FILM AND TELEVISION people in poverty in PRODUCTION INDUSTRY IS PUTTING PEOPLE New York City is larg- back to work.The number of core production BY MIRIAM KREININ SOUCCAR er than the entire pop- jobs in 2010 jumped to 43,000, up 22% from ulation of Philadel- the previous year, according to a new analysis Melissa Doktofsky has been receiv- phia,” said Joel Berg, of labor statistics by the Motion Picture ing so many calls for help at her char- executive director of Association of America. Annual job growth ity lately that her phone system the coalition. “It’s the overall during that period in New York was flat. crashed last week. worst I’ve seen it in a Film executives attribute the gains solely to the Since September, Toys of few decades.” expansion last year of the state’s 30% refundable Hope—which gives new clothes, tax credit for production costs.This year, household items, toys and other Savings run out applications to film here are up 66% over last forms of support to some 65,000 Nonprofit execu- year, with 137 filed to date.They include 91 needy people in the New York tives blame the high motion pictures and a record 26 television area—has been fielding 400 calls a rate of long-term un- series, according to the Governor’s Office of day, up more than 35% from the employment for the Motion Picture and Television Development. Ⅲ same time a year ago. The requests, increased demand. which had come primarily from Many of the people

homeless shelters, now include fam- who were laid off dur- buck ennis BY THE NUMBERS ilies who until recently lived coming the recession were fortable lives. living on unemploy- Weekly shift of the city’s economy “This is the largest demand and ment benefits or sav- the most varied demand I have seen ings,which have since HOLIDAY CHEER Many indicators glowed green last week, including those for consumer since I started this in 1994,”said Ms. run out. confidence, holiday spending, manufacturing Doktofsky,the founder of the Hunt- “Being unem- and most important the unemployment rate. ington,L.I.-based nonprofit.“I nev- ployed for two er found so many people that used to months is bad,but be- own homes and cars who are now NOT GOOD: Love ing unemployed for a 9.6% 30K $1B selling off their belongings just to Kitchen’s Jewell Jones is year spirals your fam- RISE in NY NUMBER of LED NYC’S Black feed themselves.” seeing many people who ily out of control,” electricity cost last lights on the Friday weekend are new to food pantries. said Richard Buery, year, vs. flat rates Rockefeller Center spending, 2% of Hidden problem levinekarjean chief executive of The nationwide Christmas tree the U.S. total Source: U.S. Energy Source: Rockefeller Source: NYC The recession has technically been Children’s Aid Soci- Information Center Economic over for more than a year. But social services who are totally hidden,” said Margarette ety, where housing-assistance requests are Administration Development Corp. workers say the situation is getting worse for Purvis,chief executive of the Food Bank of up 40% this year. BIG DEAL The proposed initial public offering of stock in a growing segment of the city’s population. New York City. “While people are sitting Robert Doar,commissioner of the city’s Facebook would be one for the U.S. record books, ranking In a city filled with the fabulously wealthy, at work, there are lines around the corners Human Resources Administration, said among the top five ever. where reservations at the priciest restaurants at food pantries.” the city is doing everything it can to assist Visa still need to be made weeks in advance, The number of children living in fami- the needy.It has made getting food stamps $17.9B there’s a growing undercurrent of dire need. lies that could not afford enough food rose much easier, for example, doling out $3.5 General Motors In fact,food pantries have so many new cus- to nearly 500,000, or one in four, between billion worth in 2011, up from $1.5 billion $15.8B tomers they can’t feed them all. 2008 and 2010, according to the New York in 2009. AT&T Wireless Group “There are so many needy New Yorkers City Coalition Against Hunger. That was See NEEDY on Page 48 $10.6B Facebook (speculated for April 2012) $10.0B Kraft Foods $8.7B Source: Renaissance Capital Making bid for Stuy Town means p ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY which stretches along the East River all the the real estate practice at law firm Pryor At least two bidders way from East 14th to East 23rd streets. Cashman. “How are they going to balance CORRECTIONS AND CLARIFICATIONS want to buy complex; It’s a common refrain among the com- out the needs of those varied groups to Economic Development Corp. President Seth Pinsky’s name was plex’s 25,000 residents.The unprecedented come up with a bid?” misspelled in the Nov. 28 “What He’s Reading.” fixing price will be tricky effort to transform the enormous complex For openers, the partners have pledged Colliers New York’s Richard Warshauer predicts that the into affordable condos kicked off last week, that tenants won’t be evicted if they want to completion of the World Financial Center will prompt tenants of when the tenants joined forces with Brook- continue to rent.The greater the number of downtown’s better buildings to leave for newer spaces. That will BY THERESA AGOVINO field Asset Management in an effort to buy renters, the lower the size of the bid. And it free up space so that other tenants can leave Class B and C AND AMANDA FUNG buildings, which are then ripe for conversion to either residential the historic property, which has remains to be seen just what price or office condos. The full extent of this chain reaction was not about 11,000 units. But given that tenants will be willing to pay if they made clear in the Nov. 28 story “Office condos’ rising appeal.” Arlynne Miller has been disgusted by a concrete plan has yet to be devel- $1.8B want to buy their apartments. Opponents of the city’s carriage-horse industry have proposed changes at Stuyvesant Town/Peter Coop- oped, the biggest question—how ESTIMATE of Further complicating matters, replacing horse-drawn vehicles with all-electric replicas of a the complex’s er Village in recent years, ranging from a much?—remains a total mystery. value made tenants are considering a two-tiered 1909 Pierce Arrow. Michael Gross had described the cars as falloff in building maintenance to the in- pricing structure, with a deeply dis- Model T’s in his Nov. 28 column, “Let’s talk horse sense.” by S&P two stallation of a ice-skating pond that resi- Long and winding road years ago counted rate for buyers who’d agree vol. xxvii, no. 49, december 5, 2011—Crain’s New York Business (issn dents must pay to use. Determining that figure and to limit their profit when they even- 8756-789x) is published weekly, except for double issues the weeks of July Fourth, Labor Day and Christmas, by Crain Communications But there’s hope. Ms. Miller said she’s sorting out myriad other details promises tually sell, and a somewhat higher insider Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid at excited by plans for tenants to team up with to be a long, arduous task, since any plan rate without a cap on the resale price. New York, N.Y., and additional mailing offices. Postmaster: Send a deep-pocketed Canadian firm to buy the must satisfy the differing goals of various Meanwhile,Brookfield will have to fig- address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber serv- rent-regulated complex and turn it into af- tenants and financial backer Brookfield— ure out if it can make a healthy profit based ice: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one fordable condos. not to mention CWCapital, which now on the tenants’ decisions. year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2011 by Crain Communications Inc. Will she buy her apartment? controls the property. Another wild card: the amount of back All rights reserved. “It depends on the terms,” said Ms. “The project seems fraught with prob- rent that is owed to some tenants because Miller, a 35-year resident of the complex, lems,”said Ronald Kremnitzer,co-chair of of a 2009 court ruling stating that the prop-

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Hospital buyout hits new hurdle Bankruptcy trustee: WATCH THE GAP: conflicts of interest Business slumped 20% in Peninsula deal to 80% the weekend after BY BARBARA BENSON Black Friday, when the L train was shut The new operators of bankrupt down. Peninsula Hospital Center are so enmeshed in conflicts of interest that they should be stripped of control of the Queens hospital, the U.S. trustee in the bankruptcy case has charged. The allegations come as Penin- sula approaches its payroll obligations next week. After nearly three

buck ennis months in bankruptcy, Peninsula still does not have court approval for a proposed $8 million debtor-in- possession loan. Train wreck for retail The hospital’s legal team, its creditors and court officials are locked in talks to hammer out an agreement on a restructuring strate- last year.” The weekend after Black Friday gy and a DIP loan.If a Revival trans- Weekend L-train NEIGHBORHOOD Weekend ridership on the L has was the worst, though. Merchants action doesn’t LIFELINE? jumped 141% since 1998, largely reported that business slumped fall into place shutdowns cut JOURNAL because it is the only line serving 20% to 80% from last year’s levels. soon, and if no the heart of increasingly trendy In response, they’ve begun meeting other lender off W’burg shops his Williamsburg, Brooklyn-based Williamsburg.The problem nowa- with community leaders and reach- comes for- $8M store. But after ringing up 120 days is that all too frequently, that ing out to local politicians and the ward,Peninsu- LOAN sought from customers transactions that Friday,sales plum- lifeline has been cut, inconvenienc- MTA to figure out alternatives. la could run by bankrupt meted on Small Business Saturday ing residents and battering local “We’re not crazy people,” said out of money facility as payroll and again on Sunday—the same businesses. What’s more, even Felice Kirby, co-owner of Teddy’s to fund opera- BY ADRIANNE PASQUARELLI days the neighborhood’s primary when the L is up and running, the Bar and Grill on North Eighth tions and may comes due link with Manhattan, the L train, waiting time between trains is long Street and Berry Avenue. “We be forced to William Norton spent the days was shut down for maintenance. and the cars overcrowded. know they have work to do, and we slash 600 jobs. leading up to the crucial Black Fri- “Nobody was here,” said Mr. Since July, the Metropolitan want people to get to work on Complicating the sensitive talks day shopping weekend taping up Norton,who sells an eclectic mix of Transportation Authority has com- weekdays, but we count, too— are the trustee’s allegations about the flyers and composing an email blast apparel, shoes and antiques. “I lost pletely or partially shut down serv- there’s an imbalance.” for-profit company that runs Penin- to the 7,000 patrons of Peachfrog, 80% of my business,compared with ice on the L on a dozen weekends. See L TRAIN on Page 4 sula, an affiliate of Brooklyn-based Revival Home Health Care. Under the Revival affiliate, Peninsula lacks “independent leadership, which is preventing [it] from making any meaningful progress towards reor- s pleasing everyone ganization,” the trustee wrote last week in a motion filed with the court. erties’ former owners violated the law by dereg- that Mr. Alpert denies. Peninsula adviser Howard Fen- ulating units while receiving tax breaks. A ten- Ultimately, CWCap- sterman of law firm Abrams Fen- ants’ lawyer calculates that they may be owed ital will decide which, if sterman said that the motion has “no $200 million.Various parties are hammering out any, bid is best. To date, merit” and that the hospital “vigor- the final figure,which will have a bearing on how it hasn’t even signaled a ously opposes it.”He added,howev- much the bidders are willing to pay. desire to sell. er,that Peninsula “will work cooper- CWCapital took atively to satisfy the trustee’s Buying in at 75% off control in late 2009 after concerns.” There’s already been a resurrection of a com- the former owners,Tish- The trustee wants to remove Re- peting plan for the conversion of the property. man Speyer Properties vival primarily because one of its bloomberg news Last week, a joint venture of investment firm and BlackRock Real- TALL ORDER: The scale of Stuy Town, which has 35 buildings and 25,000 tenants, is staggering. high-ranking employees, Todd Westwood Capital and developer Gerald Guter- ty—which bought the Miller,was named chief executive of man, who was known for co-op conversions in complex in 2006 for a Peninsula in September. Mr. Miller the 1980s, sent tenants a letter reiterating a de- record $5.4 billion—defaulted on loans.CWCap- late on the size of a bid. resigned from Revival last week, on tailed proposal made last year. Under that plan, ital represents the bondholders of the $3 billion If bondholders think the figure too low, they the day the trustee filed the objec- tenants would pay about $175 per square foot for first mortgage, and some have suggested that may opt to hold out for a better price down the road tions. their apartments—a quarter of the estimated bidders would have to offer at least that amount once the economy is stronger,say industry experts. Mr. Miller last month informed market value of $700 per square foot. to tempt the company. However, Standard & There’s one more hurdle that some say may be the state Department of Health that “We would still love to do this deal,” said Poor’s estimated the value of the complex at $1.8 the highest of them all. Steven Zakheim, a controversial Daniel Alpert, managing partner of Westwood billion two years ago. “The biggest challenge that I see to a deal is health care entrepreneur who is Capital. “Our plan makes sense for tenants.” “We have to deliver a bid that is the best when that it would be awfully hard to raise debt for married to the owner of Revival Sources close to the tenants said the residents [CWCapital] assesses the risk of any others,” such a large transaction,”said Ted Hunter,chair- Home Health Care, is serving as an and their advisers don’t believe that partnership has said Barry Blattman, senior managing partner at man of the real estate department at law firm unpaid consultant to Peninsula the financial backing to complete a deal—a claim Brookfield, adding that it is too early to specu- Lowenstein Sandler. Ⅲ See PENINSULA on Page 48

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“It’s frustrating that someone out L train derails shops there didn’t pay attention enough to realize they shut us down on the biggest shopping weekend of the IN THE MARKETS Continued from Page 3 year,” she said. According to the MTA,the track For Jon Marchisio, the problem Aaron Elstein work and train upgrades are neces- isn’t just that he normally does 60% by sary and will improve service. of his business at his beer hall, Berry “We work hard to take commu- Park, on the weekends, but that nity needs into consideration,” said many of his staffers rely on the L to a spokeswoman, noting that the get to work.Some of them live as far Buyer flips. Seller flips out agency will try to concentrate work away as Coney Island, others live in during weeknights.“In this case,the Manhattan.In both cases,they have n private equity, the name work had to be done at this time.” to take cabs when the train is out or of the game is to buy a Meanwhile, a ferry service take multiple trains and buses. I launched in June is helping to fill the “It’s a straight shot to 14th Street company, fix it up, then sell train gap, but the numbers are mod- from wherever,then boom! It’s liter- it to someone else for more. est. For the weekend after Black Fri- ally three minutes to Williamsburg Typically, this process takes a day, the East River Ferry carried from First Avenue,” he said.“It def- around 5,500 passengers—slightly initely hurts when [the L] closes.” few years to play out. But more than half of the summer week- To improve the situation, Mr. earlier this year, New York end peak but well above expectations Norton of Peachfrog is meeting with firm Castle Harlan managed to for the fall. In contrast, last year on the local community board this week speed things up. It flipped a istock an average weekend, 38,000 people to find ways to open a dialogue with buck ennis company a mere seven hours after buying it. used the Bedford Avenue stop. IN TALKS: William Norton, owner of the MTA and better coordinate out- “North Williamsburg is our Peachfrog, is meeting with the local ages. Other shop owners, such as Some context: Seven hours is about the time that it takes to busiest stop in Brooklyn and community board about L train outages. Ms.Kirby,are also immersing them- fly from New York to Paris. It’s how long Joseph Stalin spent Queens,” said Paul Goodman, chief selves in campaigns to introduce ad- addressing a Communist Party congress in 1939. It’s one- executive of the BillyBey Ferry Co., ditional transit opportunities to the which runs the ferry for New York event raised $84,000, 16% less than burgeoning neighborhood. eighth the length of Britney Spears’ 2004 marriage to Jason Waterway. He described the recent in 2010, Ms. Kirby said. The MTA is paying attention. Allen Alexander. Heck, even Kim Kardashian’s made-for-TV weekend ridership as “surprising.” After a recent review of congestion union with Kris Humphries lasted 1,728 hours before she Shop owners, however, use an- Crying in their beer problems requested by Sen. Daniel other word: inadequate. For Ms. Kir- Nearby, on North 11th Street, Squadron, D-Brooklyn, the agency filed for divorce last month. by, whose 124-year-old Victorian people are typically lined up around announced plans to add 11 round- Our story begins early this year, when a company called Norcast decided tavern is featured in many tour the block for tours of the Brooklyn trips on Saturdays,seven on Sundays to sell its Canada-based Norcast Wear Solutions, which manufactures products guides, missing out on weekend Brewery on Saturdays and Sundays. and 16 on weekdays next year. The for the mining and oil business. Norcast’s bankers at UBS began soliciting brunch sales is crippling.Half of Ted- Owner Steve Hindy said that when line will also finish its conversion to bids and Castle Harlan raised its hand. At the same time, Norcast enlisted dy’s patrons come from outside the L is out of commission, sales a new signaling system, which Mr. Goldman Sachs to see if a competitor, Bradken, was interested. But Bradken, Williamsburg. She noted that the L typically slip about 20%. Similarly, Squadron expects will eliminate based in Australia, expressed no interest and didn’t make an offer, according was also out of service on Sept.18,the at jewelry shop Brooklyn Charm some of the need for shutdowns. to a court filing. day of the big annual Taste Williams- just a few blocks away off Bedford “The L train is the artery to the On June 17,Castle Harlan’s $190 million bid for NWS was accepted and burg/Greenpoint fundraiser, in Avenue, owner Tracie Campbell es- rest of the city,”he said.“Some serv- the deal closed on July 6. Then, those seven hours later, Castle Harlan sold which local restaurants donate the timated that as many as 40 transac- ice disruptions are inevitable, but NWS to Bradken for about $27 million more than it paid. day’s proceeds toward the building of tions were lost on each of the two they should be coordinated in ways Now, Norcast is alleging that there was an “improper” arrangement be- a community center. This year, the days after Black Friday. that make sense.” Ⅲ hind the scenes between Castle Harlan and Bradken that enabled those two parties to strike their deal so quickly. How else, Norcast argues in a federal court, could Bradken have performed the necessary due diligence to acquire NWS? (There is always the possibility,of course, that Bradken didn’t do any due diligence.) A Castle Harlan spokesman said that the firm and Bradken have a long history of working together on deals, so it had a good idea that Bradken might be interested in NWS. Anyhoo, a federal judge in Manhattan last month allowed Norcast to Merchants Since 1934 subpoena evidence from Castle Harlan, but turned down its request to de- HOLIDAY GIFT CENTER pose the firm’s co-president. The lamb shank redemption Need Help With Your Holiday GiGiﬅsﬅs This Season? Former hedge fund manager Raj Ra- rities analysis if he chooses. jaratnam (below) lost his bid last week As for recreation, well, there was Contact us at to remain free on bail while he ap- lots of time for card games, softball peals his conviction on insider-trad- was “very big” in the summer, and [email protected] ing charges, and was ordered to re- once a month there was a prison- port to prison today. He’ll serve his sponsored bingo game, where the Whether you are sending 5 or 500 gis, we have over 11-year sentence at winners received 6,000 Wines, Spirits & Accessories to choose the federal prison in Gatorade and Ayer, Mass., north- snacks. Visitors from this Holiday Season! west of Boston.And could bring nothing what kind of place is more than a single Amazing Pre-Christmas Delivery Service the Ayer prison, you pack of cigarettes Order by 1pm December 19th to ensure delivery for Christmas. might wonder? A and a matchbook. Check Sherry-Lehmann.com or call us for our 2004 posting on Pris- The food was “for up-to-date Holiday delivery schedule. ontalk.com from a a prison … excel-

former inmate, who bloomberg lent,” and noticeably seems to be from better than what was New York, offers some insight. available at the Brooklyn lockup that Education programs were “few,” the inmate said he’d been to before but, the poster wrote, he made the Ayer. Pasta and rice were readily FREEFREE SHIPPINGSHIPPING best of it by teaching fellow inmates available, and there was a salad bar, classes in contract,tax and labor law, but the quality of meat was “poor.” In New York & Connecticut! which suggests that Mr.Rajaratnam “Hey, it’s prison and not the OnOd orders over $100$ to eachh NY & &C CT State S shippingh address.dd may have the chance to teach secu- Palm,” the inmate wrote. Ⅲ Below $100 add $15.95. Beyond NY & CT State please inquire.

505 Park Avenue (59th Street) New York, NY 10022 INCREASE IN THE KBW BANK INDEX last week. It was the tXXX4IFSSZ-FINBOODPN 10% bank-stock index’s best weekly performance since August 2009.

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NEW YORK,NEW YORK edited by Valerie Block

Times Square kiosks do double duty igital ads are now playing Don phone kiosks in Times Square. But the latest upgrade in outdoor advertising isn’t meant to shock pedestrians already dazzled by the lights on Broadway. ¶ “We don’t want New Yorkers to feel it’s too intrusive,” said Dave Etherington, senior vice president of marketing and mobile for Titan, which just started a pilot run of three digitally enabled kiosks around West 49th Street and Seventh Avenue. ¶ The ads change every seven and a half seconds, and range from a static image for Jameson Irish Whiskey to an active HD video spot for the Broadway play Venus in Fur. An 11-month test run will help Titan figure out what is the best length of time for making an impression and how wild the ads can get. ¶ “It should be animated enough that it catches people’s attention,” explained Scott Goldsmith, chief commercial officer of Titan. ¶ The most eye-popping element may be the business model. Each digital panel cycles through half a dozen ads in less than a minute and can be updated throughout the day.“Four to five times the revenue will be generated on a digital panel versus a static panel,” Mr. Goldsmith said.Titan controls the ad inventory on nearly 1,800 New York phone kiosks, but zoning regulations for digital signage will limit where the new ones can go. ¶ “They’re not appropriate for every neighborhood,” Mr. Goldsmith said. —matthew flamm

go-to source for job postings, but eliminates the need for a pattern- Ravenous the latest websites are cultivating a maker, will have eight minutes to for NY jobs community for foodies, said Taylor impress the likes of New York- Cocalis, co-founder of Good Food based FirstMark Capital and Chris Job seekers, take heart: If you’re Jobs. Her site, focused on Burch’s J. Christopher Capital. willing to work in a kitchen or sustainability, includes jobs at “We want to be the platform to coddle fussy customers, there are farms, restaurants and nonprofits. bring everyone together,” said Ms. plenty of positions in the It has posted 2,400 jobs and Griffith Gryga, noting that “this restaurant business—or so it amassed a database of 14,000 industry is going to go through a would seem given the explosion of users. lot of change and disruption with job websites targeting eateries. Eater Jobs caters to high-end the convergence of technology.” Since last year at least four sites eateries, posting a few dozen jobs —adrianne pasquarelli have launched—including 86 each week, said Josh Albertson, List, Culintro, Eater Jobs and general manager of Curbed Good Food Jobs. Network, Eater’s parent. Unemployment may be —lisa fickenscher stubbornly high, but “restaurants are hiring,” said Stephanie Berghoff, co-founder of Culintro, a trade Fashion firms organization that facilitates meet funding networking events and started a restaurant job board in New York In this economy, getting funding City nearly a year ago. Culintro is for a fashion startup is no cinch. launching a board in San So firms pitching investors at the Francisco in January. FashInvest Capital Conference on Craigslist has long been the Wednesday need to choose their words carefully. Last year, at the event’s GOOD EATS debut, only 15 contenders were selected to hit up 60 investors. NYC RESTAURANTS getting the This year, 25 hopefuls, culled from most buzz online, according to 125 applications, will face 75 Zeta Interactive. potential backers. Ⅲ Eataly “Next year, we’ll need a larger Ⅲ venue,” predicted FashInvest co- Nobu founder Karen Griffith Gryga,a Ⅲ Mr. Chow venture capitalist. Ⅲ Buddakan At the event, fledgling firms including Fitted Fashion, whose Ⅲ Babbo

istockphoto automated pattern technology

6 | Crain’s New York Business | December 5, 2011 CN014790 11/17/11 4:19 PM Page 1

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cause for concern.” That’s the consensus among business leaders. But while the INTRIGUING IDEA ‘Pay for success’ THE INSIDER business-backed Committee to Save ADVOCACY GROUPS have long pitched programs for children as investments New York is gearing up for a $10 that ultimately save taxpayers money by steering youth toward productive by Jeremy Smerd and Shane Dixon Kavanaugh million advocacy campaign, it might careers and away from prison or government dependency. Getting public focus on cutting state workers’ funding, though, is challenging because a return on investment is not pension benefits, not on taxes. guaranteed. The Business Council of New Soon it could be. The Children’s Aid Society is pushing a pilot project in York State gives Mr. Cuomo the New York state involving “social impact bonds,” also known as “pay for benefit of the doubt. “We’re pretty success bonds.” The Manhattan-based nonprofit has received a grant from confident that the administration is the Rockefeller Foundation to showcase the concept, which debuted in the looking at things that will improve United Kingdom last year. the economic climate,” a The idea is for private investors to sponsor services for at-risk children over Kathryn Wylde spokesman said. And , a period of years. If the youngsters achieve the goals outlined in the bond, president of the Partnership for such as getting into college, the government repays the New York City, praised the investors’ principal with interest. governor because he has “refused to demonize rich people.” “We’re actively moving it forward,” said Richard Mr. Cuomo’s effort could be an Buery (right), president and chief executive of the opportunity to expand tax breaks Children’s Aid Society, which is working with the Cuomo that business groups like.They administration and social justice organizations on the want the Excelsior program project. extended to companies with fewer The allure for government is that it could see newscom than 50 employees, a proposal services launched during difficult economic times that’s been floated by the city’s and pay for them later—and only if they have regional economic development already succeeded. Cuomo’s tax talk council.The state’s single-sales- buck ennis factor apportionment formula could be extended to LLCs and he’s heard nothing about it. on reconstructing the Brooklyn- LLPs. “That would certainly But even when rates go Queens Expressway north of raises concerns encourage businesses to locate in unchanged, property taxes tend to Atlantic Avenue, saving $6 million. the state,” said Wayne Berkowitz,a climb because the city raises The agency explained that it’s Andrew partner at accounting firm Berdon. valuations. Property taxes are pointless to evaluate projects that it usiness groups are nervous that Gov. expected to reach $17.8 billion this can’t afford. Cuomo (above)last week broached reform of the year—a 35% increase over the past “At least they’re trying to be state tax code.They have no shortage of suggested Property tax hike four years despite a lackluster real more transparent,” said Craig tax tweaks to stimulate job growth, but many lack whispers estate market. Hammerman, district manager of Brooklyn’s Community Board 6. confidence that an overhaul won’t boost taxes on There are whispers in business But he called it “rather alarming high earners to help close a widening budget gap and placate circles of a possible hike in city Shipping off that when we get to the end of the B property taxes. But a spokesman for useful lifespan of a critical the 99%. Navy Yard methods “I’m just reading the tea leaves,” said Mike Durant, who City Council Speaker Christine component of our local highway Quinn said that she is “absolutely not The city-owned Brooklyn Navy Yard system, money does not exist for a heads New York’s chapter of the National Federation of considering” an increase, and has been so successful in the last project to rehabilitate it.” Independent Business. “Any talk of tax reform right now is a Councilman Brad Lander said that decade—adding businesses and jobs right through the recession— that the Brookings Institute is MTA’s Apple deal pushing to replicate its methods not so shiny? elsewhere. But not necessarily in New York City, where industrial Apple Inc.’s $60-a-square-foot space is limited. lease for its new store at Grand Rather, depleted urban areas Central Terminal is not as sweet as such as Detroit are the targets. a New York Post report last week suggested, according to the Metropolitan Transportation York’s business community when state Schools turn down Authority. expanding the office’s powers, which island getaway While Apple is paying less than After the city’s bedrock financial sector tanked in most tenants at the transportation

scrambling for the city’s blessing to build a campus All but one school—long shot hub, the MacBook maker had to Crain’s

past Silicon Valley as the world’s leading tech center, Amity University—took a pass on shell out $5 million to a restaurant

city’s offer of land on Roosevelt Island, Governors It’s enough to make a New Yorker look proposing a tech campus on that previously occupied the space Governors Island, and the and invest $2.5 million in Bloomberg administration has no plan B for the land, except to expand recreational space. But once the island’s utilities, potable water and vacant buildings are restored, officials expect more ideas from commercial developers, an administration insider said. “You get much more interest and much higher value [for real estate] when the infrastructure that’s promised is closer to reality,” the insider noted. The first phase of construction, bloomberg news slated to begin next year, includes a infrastructure improvements for new 22-acre park and 2.2-mile the property—costs that the MTA promenade. normally would have covered. While the restaurant had paid $250,000 a year, Apple’s annual BQE study sinks rent to the MTA will be The state Department of approximately $1.1 million. Transportation last week cut short State Comptroller Thomas an environmental impact statement DiNapoli is investigating. Ⅲ

For daily political and government news, subscribe to @ www.crainsnewyork.com/insider

8 | Crain’s New York Business | December 5, 2011 20111205-NEWS--0009-NAT-CCI-CN_-- 12/1/2011 8:13 PM Page 1

SMALL BUSINESS Contests fund mission-driven firms

ability to get judges excited about signers and sourcing officers at ap- cially driven enterprise,” said Freja Corporate backers them—a victory can jump-start a parel brands to search for and buy Day, project leader of the awards. are eager to align business and offer a prestigious im- sustainable material from more than Source4Style is now about to primatur for their marketing efforts. 40 suppliers around the world. launch its 2.0 technology:a member- with social ventures Take Benita Singh and Summer ship-model website promoting more Rayne Oakes. While working as Startup advances technology than 1,600 different textiles. The BY EMILY SACHAR consultants to apparel brands look- After recently winning a $20,000 firm hopes to generate $500,000 in ing to source fabrics in a more envi- grant from the Cartier Women’s revenues in 2012—and, with its re- rom a small office in ronmentally friendly way, the two Initiative Awards,the entrepreneurs cent award as a calling card,to attract downtown Brooklyn, a women saw a need to link small sup- are receiving coaching and access to financial backing.“We’re taking that startup called Runa is pliers to buyers. In 2009, they co- international networks and consult- show of support to investors who ap- buck ennis changing the way more founded Source4Style, an online ing from McKinsey & Co. preciate the rigor of the process,”Ms. SEED CAPITAL: Runa’s prize money is than 1,000 farmers in marketplace that enables fashion de- “We believe in the spirit of so- Singh said. Ⅲ helping Dan MacCombie grow his startup. FNapo, a province in Ecuador, live. And the venture is receiving financial and mentoring support from the Hi- tachi Foundation to make its mark. Runa manufactures and markets a tealike product that is made from the guayusa leaf, and sells it at large retailers such as Whole Foods as well as independent shops.Farmers, whom Runa trains and supports, cultivate the guayusa plants. At a time when many young entrepreneurs in New York are getting financing for socially responsible startups through crowdsourced- funding websites like Kickstarter, some are turning to another option: competitions geared toward such businesses. With more foundations backed by major companies running contests to tease out the best socially responsible entrepreneurs, those similar to the Hitachi Foundation’s have, for some, become a useful source of prize money, mentoring, networking opportunities, and even ties to angels or venture capitalists. “A foundation like Hitachi can really move the needle for a company like ours,”said Dan MacCombie, co-founder and executive vice president of Runa,which expects sales of $300,000 in 2011 and $1.3 million in 2012, when the firm will add a bottled beverage to its line. Grant funds inventory, fights poverty Hitachi’s two-year $40,000 grant should enable Runa, launched in 2009, to build up its inventory more quickly.The foundation also has provided mentors from Investors’Circle, a national group of socially and envi- ronmentally minded angel investors. Corporate foundations say they are determined to back young talent so that they can be part of the con- versation about socially responsible business practices. “The next-gen business leaders have a lot to teach us about running socially responsible firms that address poverty in the United States and also around the world,” said Barbara Dyer, president and CEO of the Hitachi Foundation, based in Washington,D.C. In 2011, Hitachi awarded five $40,000 grants to socially minded entrepreneurs focused on eradicating poverty in the U.S. The downside of such contests is that they can require a lot of prepa- ration time, and not everyone wins. But for entrepreneurs with intriguing business concepts—and the

To sign up for Crain’s SMALL BUSINESS newsletter, go to www.crainsnewyork.com/smallbiz.

December 5, 2011 | Crain’s New York Business | 9 20111205-NEWS--0010-NAT-CCI-CN_-- 12/2/2011 1:40 PM Page 1

VIEWPOINT

How to save ailing hospitals editor in chief Rance Crain publisher, vp Jill R. Kaplan

tephen Berger is one of those rare people with hospitalization and the enormous cost of treating chronic EDITORIAL the gumption to tell the emperor he’s wearing but preventable conditions like Type 2 diabetes. In Brooklyn, editor Xana Antunes managing editor Glenn Coleman no clothes and the expertise to design him a 46% of emergency room patients who aren’t admitted don’t deputy managing editors Valerie Block, new outfit. He does this in the crucial area of have true emergencies or could be treated by primary care Erik Ipsen assistant managing editor Erik Engquist health care, where New York wastes an doctors at far lower expense. senior producer, projects Kira Bindrim unconscionable amount of money and in many The solutions are staring New York in the face, but an senior producer, news Elisabeth Butler Cordova contributing editor places achieves poor results. unsustainable status quo persists at local hospitals run like Elaine Pofeldt Mr. Berger, best known for leading a state commission fiefdoms by well-paid administrators. Some institutions columnists Greg David, Michael Gross, that in 2006 called for shuttering hospitals to cut the have managed to gorge themselves on taxpayer dollars while Alair Townsend S pulse editor Barbara Benson oversupply of beds, unveiled further recommendations last burying themselves in debt, with the apparent strategy of senior reporters Theresa Agovino, Aaron Elstein, Lisa Fickenscher, Matthew Flamm, week for the state’s troubled institutions. His report calls for outlasting their competitors. Others have stabilized Daniel Massey, Miriam Kreinin Souccar restructuring the hospitals before bad management and themselves but lack reporters Amanda Fung, Shane Dixon Kavanaugh, Adrianne Pasquarelli, Jeremy Smerd government cuts do the deed far more brutally. business plans to reporter/producer Emily Laermer The 88-page analysis argues a reckoning is inevitable for Budget cuts and remain viable when the art director Steven Krupinski deputy art director Carolyn McClain institutions with weak balance sheets because the Medicare bad management Medicare and Medicaid staff photographer Buck Ennis and Medicaid gravy trains are finally being slowed by spigots are tightened. copy desk chief Wendy Zuckerman require major copy editor Thaddeus Rutkowski Washington and Albany. Ailing hospitals across the state The alleged research editor Dana Gordon will not be able to survive without fundamental reforms to watchdogs of these assistant research editor Suzanne Panara reform research interns Callie Eidler, Helen Kwong the way they are managed and paid. institutions are their editorial intern Rebecca Olles

Mr. Berger’s report focuses on six sickly Brooklyn volunteer board EDITORIAL AND ADVERTISING OFFICES hospitals and says its prescriptions for them could be applied members, who typically 711 Third Ave., New York, NY 10017-5806 to similar facilities across the state. It advises: have little experience in editorial: 212.210.0277 Fax 212.210.0799 advertising: 212.210.0711 Coordinating care, rather than letting patients bounce health care and are obsequious before the administrators Cable craincom nyk from doctor to doctor, running up costs and getting they’re supposed to be directing. Mr. Berger’s answer is for Fax 212.210.0499 Entire contents ©copyright 2011 Crain conflicting or duplicative treatment. the state Department of Health to replace inept or profligate Communications Inc. All rights reserved. Expanding community-based and primary care to operators and boards. If this seems like an overreach of ®CityBusiness is a registered trademark of MCP improve public health and reduce expensive emergency government into the private sector, consider who is paying Inc., used under license agreement. TO SUBSCRIBE: room visits and hospitalizations. community hospitals’ bills: taxpayers. For subscription information and delivery concerns, Reducing the number of hospital beds because they Restructuring many of these institutions will require please e-mail [email protected] or call 877-824-9379 (in the U.S. and Canada) or increase hospitals’ overhead and prompt them to admit grants from the state.The Berger report insists that rescue 313-446-0450 (all other locations.) $3.00 a copy, $99.95 one year, $179.95 two years. patients unnecessarily. plans be revenue-neutral.That is, they would pay for reforms www.crainsnewyork.com Paying medical providers for performance, not volume. that later recoup the state’s investment. Given the untold ADVERTISING AND MARKETING Health care is the state’s top expense and its greatest billions of dollars being squandered, that should be an easy advertising director Trish Henry opportunity for savings, given the high rates of preventable standard to reach. senior account managers Irene Bar-Am, Courtney McCombs, Sheryl Rose, Suzanne Wilson account executive Jill Bottomley Kunkes sales manager, classified CRAIN’S ONLINE POLL COMMENTS print & online John Gallagher sales coordinator print & online Danielle Wiener SHOULD HOMELESS newsletter product manager Alexis Sinclair PEOPLE HAVE TO PROVE From the horse’s mouth credit Todd J. Masura 313.446.6097 marketing manager Sabra Harrison TO SHELTERS THEY HAVE director, audience development CARRIAGES FOE: NO, MICHAEL GROSS, he had better hope that the Old Testament’s Michael O’Connor NOWHERE ELSE TO GO? I AM NOT AFTER THEIR REAL ESTATE admonition about not putting Mammon before event producer Courtney Williams God has been revoked for “nice guys” like him. reprint sales manager Lauren Melesio Date of poll: Nov. 29 People may have issues with my opposition to —dennis middlebrooks 285 votes director of online and e-commerce the carriage-horse industry, but I am disturbed strategy Kristi Serrano by columnist Michael Gross’ personal attack ZUCCOTTI PARK, MELTING IN THE DARK senior web developer, interactive (“Let’s talk horse sense,” Nov. 28). Chris O’Donnell No. “It’s cruel If he had attempted to contact me before Crain’s is able to set aside the manner in which NEW YORK PRODUCTION and punitive. writing his column, I would have told him this: Mayor Bloomberg and the NYPD cleared production and pre-press director

68% . And how do you I live on Central Park West. I am a horse owner Zuccotti Park (Editorial, Nov. 21). I can’t. Michael Corsi prove you are and have rescued a carriage horse.The ASPCA Not only was the raid conducted “in the advertising production manager

friendless?” would not have partnered with me if it knew middle of the night,” as you stated, but with Suzanne Fleischman Wies 32%. my goal was to acquire the carriage-horse paramilitary weapons and tactics, and without PUBLISHED BY CRAIN COMMUNICATIONS INC. industry’s West Side real estate. And the fact is, respect for the right of the press or the public to chairman Keith E. Crain I have no interest in acquiring that real estate. bear witness to the use of overwhelming force president Rance Crain Yes. —stephen w. nislick against unarmed citizens. secretary Merrilee Crain “Shelters Chief executive You praise the mayor for “taking responsi- treasurer Mary Kay Crain should be the bility” for his act of aggression.Taking real executive vp, operations William Morrow Edison Properties senior vp, group publisher Gloria Scoby refuge of last responsibility would have meant getting a court resort, not group vp, technology, circulation, order for it, or at least conducting the raid in Robert C. Adams the first.” IRA, WE HARDLY KNOW YE manufacturing daylight in full view of concerned citizens. vice president/production & An acquaintance of controversial billionaire Ira —helen zuman manufacturing David Kamis Rennert describes him as “a nice guy” and chief information officer Paul Dalpiaz “religious” (“Inside Ira Rennert’s dirtiest CRAIN’S WELCOMES SUBMISSIONS to its opinion founder G.D. Crain Jr. (1885-1973) business,” Nov. 28). Based on Mr. Rennert’s chairman Mrs. G.D. Crain Jr. (1911-1996)

newscom pages. Send letters to [email protected]. For this week’s questions: Go to very ostentatious lifestyle and his apparent Send columns of 475 words or fewer to www.crainsnewyork.com/poll to have your say. acceptance of polluting the environment in [email protected]. Please include the writer’s other people’s backyards in the pursuit of profit, name, company, address and telephone number.

10 | Crain’s New York Business | December 5, 2011 20111205-NEWS--0011-NAT-CCI-CN_-- 12/2/2011 1:42 PM Page 1

OPINION Need someone that speaks ﬂuent insurance?

We’ve got an agent for that. again, and he has effectively punc- No one wants to pay for unnecessary extras and with the expert help of a State Farm® agent, tured the millionaire’s tax balloon. you won’t have to. They’ll make sure you understand your options, and that you have the best Sounds like this makes a lot of sense, coverage at the best price. Like a good neighbor, State Farm is there.® Is guv’s tax reform right? CONTACT AN AGENT TODAY. Steve Bernstein Agcy Inc Larissa Buerano Mark Butler Maybe. While the governor has Steve Bernstein 1228 Forest Ave 658 Grand Street regained the initiative,any time a re- 1301 Coney Island Avenue Staten Island, NY 10310 Brooklyn, NY 11211 Brooklyn, NY 11230 Bus: 718-727-1000 Bus: 718-388-3892 former like Mr. Cuomo admits Bus: 718-692-2500 www.larissabuerano.com www.markbutleragency.com betrayal of allies? there is a need for new revenues, it Sharon Crescitelli Agcy Inc Susan B DeSimone Agcy Inc Christopher Foster lessens the pressure on the unions Sharon Crescitelli Susan DeSimone 625 Church Avenue and other big spenders to rein in 7304 13th Avenue 2077 Flatbush Avenue Brooklyn, NY 11218 he battle is on to raise taxes in New York.The po- Brooklyn, NY 11228 Brooklyn, NY 11234 Bus: 718-633-2886 litical drumbeat to reinstate the millionaire’s tax, New York’s off-the-charts spending Bus: 718-331-4500 Bus: 718-377-0483 www.insuremechris.com and public employee salaries and John Garﬁnkel Maureen Lavelle Brian Levitt which has been given a big boost by Occupy Wall 203 A Nassau Avenue 262 Arden Avenue 704 5th Avenue benefits. Brooklyn, NY 11222 Staten Island, NY 10312 Brooklyn, NY 11215 Street’s attacks on the rich,has undercut Gov.An- How can one evaluate the governor’s tax Bus: 718-609-5600 Bus: 718-948-4111 Bus: 718-768-7500 www.johngarﬁnkel.com www.maureenlavelle.com www.weinsurenewyork.com drew Cuomo’s “Government is the problem” code changes? The answer to this question can Terry Monroe Kate Murray Steven Pante 3135 Victory Boulevard 1707 Kings Highway 2090 Hylan Boulevard mantra. Beyond the political pressures, the governor needs to be found by looking beyond the tax Staten Island, NY 10314 Brooklyn, NY 11229 Staten Island, NY 10306 T Bus: 718-761-4310 Bus: 718-787-4500 Bus: 718-987-6889 figure out how to close a budget deficit for next year that has issue to spending. The first Cuomo www.terrymonroe.biz www.katemurrayagency.com www.stevepante.com budget increased spending by 1.9%, grown to more than $2 billion. The governor has launched a Rob Perelmuter Nereyda Perez Christine Relyea a very low figure for New York. If 171 Avenue U 9411 5th Avenue 2791 Richmond Ave Ste 204 review of the tax code, much comfort that the next year’s budget grows by about Brooklyn, NY 11223 Brooklyn, NY 11209 Staten Island, NY 10314 Bus: 718-627-4500 Bus: 718-238-4020 Bus: 718-698-5803 although he says he will other two high-tax the same amount, fiscal discipline www.robagency.com www.nereydaperez.com www.christinerelyea.com support only changes states are Connecticut remains in force. If the hike is clos- Eric Safarian Rodney Shannon Gus Simeon that would increase jobs and New Jersey, as a re- er to 5%, the governor has aban- 3982 Amboy Road 1950 Fulton Street 1559 Ralph Avenue Staten Island, NY 10308 Brooklyn, NY 11233 Brooklyn, NY 11236 and that he will consult cent interview by Time doned his principles. Bus: 718-227-1500 Bus: 718-221-2900 Bus: 718-451-5800 with economists on how Warner CEO Jeffrey Can a tax increase be paired with long- www.ericsafarian.com www.rodneyshannon.com www.gussimeon.com to do that. Here are the Bewkes shows so clear- term reforms? Jill Sullivan Michael Tharian Deborah A Valentine Agcy Inc 3858 Nostrand Avenue 1855 Victory Blvd Debbie Valentine key questions. ly.He is looking to move Another maybe. Soaring pen- Brooklyn, NY 11235 Staten Island, NY 10314 1667 Richmond Road How can the state revise the jobs from New York to sion costs are a major threat to the Bus: 718-743-6988 Bus: 718-447-3900 Staten Island, NY 10304 www.jillsullivan.com www.michaeltharianagency.net Bus: 718-987-6363 code to increase jobs? places like Florida, fiscal health of the state and the city. Alan E Wheeler Agcy Inc Jim Wong This is an easy one. where taxes are not go- A modest increase in taxes in return Alan Wheeler 5005 8th Avenue Raising taxes and in- ing up and companies for major reductions in pensions 483 Atlantic Avenue Brooklyn, NY 11220 GREG Brooklyn, NY 11217 Bus: 718-633-6500 statefarm.com® creasing government DAVID receive incentives to re- and health care benefits for retirees Bus: 718-488-7300 www.jimwonginsurance.com spending will increase locate. might be a deal worth making. And 1001184 State Farm Home Office Bloomington, IL the number of public- What exactly is the gover- while Mr. Cuomo is at it, a long- sector jobs. nor’s strategy? term financial fix for the MTA A hike in taxes will not increase— The governor’s willingness to might be worthwhile, too. and will probably decrease—private- consider higher taxes was news be- Last week, business leaders were sector jobs. As the governor says all cause it seemed to represent an about- still sticking with the governor,con- the time, New York’s dubious honor face. Instead, say political insiders, vinced that he hasn’t abandoned the of having one of the top three state consider it another sign of Mr. Cuo- tenets that have made him a hero to and local tax burdens drives individ- mo’s adept political maneuvering. most of them. Let’s hope their con- uals and businesses elsewhere. It isn’t He’s now in control of the discussion fidence is not misplaced.

rail ridership—Secaucus is not capa- JOIN CRAIN’S ble of accomplishing this without major track changes.Only two tracks Hoboken: light lead into Secaucus from Newark, ADVISORY which is why it is a major choke point on the Northeast Corridor. at end of tunnel Mr. Bloomberg’s initial response to the canceled ARC project would PANEL work brilliantly in Manhattan be- BY BOB PREVIDI cause it uses spare capacity on the No. 7 to avoid building a station under Macy’s.By the same token,Hoboken t is easy to see how the public can be confused about has spare terminal and track capacity which Hudson River tunnel project to support. Three and is much closer to the 7 than Se- proposals have been debated: Access to the Region’s caucus. Marrying Hoboken Termi- Core, which was canceled; Amtrak’s Gateway project, nal and the 7 would cost half as much as the other projects, or less. Looking for readers to share which is seeking funding from congress; and extending NJ Transit’s ARC project was to the No. 7 subway to Secaucus, which has recently been studied cost $11 billion to $14 billion, views and opinions. I which Gov. Chris Christie said was in more detail by Mayor Michael Bloomberg. too much. Amtrak’s Gateway proj- But there’s a fourth option that has been overlooked: extend- ect would build two tunnels and expand Penn Station south and is es- ing the No.7 tunnel to Hoboken Ter- timated at $13 billion-plus. But it minal.Hoboken can’t solve Amtrak’s TAKING THE 7 TO NJ would not satisfy NJ Transit’s future congestion issues at Penn Station di- ridership growth—more of the rectly, but it can serve NJ Transit service would focus on intercity much better than Secaucus can. travel. Mr. Bloomberg’s plan to ex- There are three important rea- tend the 7 to Secaucus is expected Sign up for FREE today. sons to consider Hoboken over Se- to come in at just under $10 billion, caucus. First, extending the No. 7 to but would not achieve the goal of www.crainsnewyork.com/advisory Secaucus would take 21,000 feet of doubling NJ Transit rail capacity. construction, while Hoboken Ter- When Mr. Christie canceled CRAIN’S NEW YORK BUSINESS minal sits only 9,000 feet away, ARC last year, he made a commit- which would incur billions less in ment to consider more reasonable construction costs. parison, New York’s Penn Station solutions to meet NJ Transit’s goals. Second, Hoboken Terminal is a sits on two blocks, has 21 tracks and Hoboken Terminal is a prize wait- huge facility with plenty of spare ca- is used by over 500,000 passengers a ing to be discovered. pacity.It sits on 50 acres,has 17 plat- day. It has no spare capacity. form tracks and is used by only Third, the original ARC project Bob Previdi is a former planner and 32,000 passengers a day. By com- was designed to double NJ Transit’s spokesman for New York City Transit.

December 5, 2011 | Crain’s New York Business | 11 20111205-NEWS--0012-NAT-CCI-CN_-- 12/1/2011 7:42 PM Page 1

REAL ESTATE DEALS

LONG ROAD BACK Lawyer, builder take shine to Pine Avg. price psf paid to buy midtown Class A space.

pair of deals has been tween Water and Front Dugan on the deal. of the 27th floor, was $43 a square $941 signed for a total of streets.The asking rent for Mr. Rapp said the firm foot.The company is slated to move $875 35,500 square feet of the acreage,which takes up looked at other spaces but from its current home at 2 Rector St. office space at 88 Pine nearly 84% of the 21st was committed to staying next month. Gilbane’s brokers, $652 A $581 St., a white aluminum- floor, was $42 a square downtown, and really Richard Levine and Michael Rizzo clad 32-story tower designed by the foot. liked the building and its of CBRE, declined to comment. architecture firm of Pritzker Archi- The firm needed more location. Cushman & Wakefield Inc.bro- $335 tecture Prize winner I.M. Pei. space because it is consoli- Meanwhile, sources kers Frank Centro and Robert Con- Law firm Marshall Dennehy dating employees from an said construction compa- stable, who represented the proper- Warner Coleman & Goggin re- office nearby at 140 ny Gilbane Building Co. ty’s owner, Orient Overseas newed its lease for roughly 13,800 Broadway, according to its CBRE inked a deal for about 18,000 square Container Line Ltd., also declined 2007 2008 2009 2010 2011* *First three quarters. square feet and tacked on about Group Inc. broker, Ken Rapp, who feet in the building.The asking rent comment. Source: Cushman & Wakefield Capital 3,700 square feet at the building,be- worked with colleague Patrick for the deal,which covers about 84% —theresa agovino Markets Group French outfit bags outpost Luxury handbag purveyor Perrin Paris 1893 is making its New York debut.The Paris-based company recently signed a five-year lease for around 550 square feet at 987 Madi- son Ave.The asking rent for the space on the block occupied by the Carlyle Do you have to reach out to your banker? Hotel was $1,060 a square foot. The new store will be accessible Or is it the other way around? both from the street and from within the hotel.The 118-year-old retailer plans to open in the first quarter of next year. “It’s small, but it’s a great location for us to have a foot in New York,” said owner Michel Perrin. Mr. Perrin was represented by Faith Hope Consolo and Joseph Aquino of Pru- dential Douglas Elliman. Both brokers noted that the international clientele visiting the Carlyle Hotel will provide an instant customer base for the handbag company, whose ostrich-leather purses sell for nearly $3,000. Landlord Rosewood Hotels Corp. was represented by Stuart Ellman of Judson Realty. —adrianne pasquarelli Copy this: Price is right Xerox Corp.inked a five-year deal at You want a financial specialist who understands your world. A proven banking expert with a solid track record of helping 250 W. 57th St. with W&H Proper- ® businesses realize their financial goals. When you team with Union Bank, you’ll experience a more personal banking ties. The company will occupy a relationship centered around your needs. Our relationship managers will put their knowledge and expertise to work to 2,000-square-foot office beginning help streamline your treasury management operations and maximize profitability. So now a stronger banking relationship later this month. is well within your reach. The group of technicians and operations staffers for Connecticut- With Union Bank, the world can be an easy place to do business. Call us today. based Xerox is currently housed at 245 Park Ave. At an asking rent of Corporate & Institutional Fund Finance: Commercial Finance: $54 per square foot, the new space offers a good alternative,price-wise. Treasury Services: “It’s a small deal, but small deals Marla Feldman Terence Hatton Richard K. Stang lead to big deals,”said Fred Posniak, Vice President Senior Vice President Senior Vice President senior vice president of W&H 914-273-0351 646-452-2113 646-452-2522 Properties. About 18 months ago, 250 W. 57th St. underwent an $82 million upgrade. The 536,000-square-foot building is about 88% leased. Douglas Neye and Bill Pickrell of ©2011 Union Bank, N.A. Jones Lang LaSalle represented Xe- Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial organizations. unionbank.com rox.Mitchell Arkin and Haley Klein of Cushman & Wakefield Inc. bro- kered the deal for W&H Properties. —rebecca olles

12 | Crain’s New York Business | December 5, 2011 20111205-NEWS--0013-NAT-CCI-CN_-- 12/1/2011 6:36 PM Page 1

ON THE WEB VIEW GALLERIES OF CURRENT AND PAST WINNERS AT CRAINSNEWYORK.COM/BESTPLACES INSIDE

#2 Mr Youth #3 Conductor Inc. #4 Hunton & Williams #5 interclick inc. #6 NetApp #7 Text 100 #8 RightsFlow #9 Bingham McCutchen #10 ZocDoc #11 RAND Engineering & Architecture #12 360i #13 Bluewolf #14 Tarter Krinsky & Drogin #15 Undertone #16 Bonobos #17 Grassi & Co. #18 Shared Technologies Inc. #19 Firstborn THE NORTH HIGHLAND COMPANY #20 Myriad Supply #21 Signature Bank buck ennis #22 Eze Castle Integration Management Consulting A DEEP-ROOTED COMMITMENT ergizes us to go the extra mile,” said Robert Hogan, #23 Aerotek Inc. www.northhighland.com to employee autonomy the vice president who heads the New York office. #24 Animoto @NHighlandGLOBAL sets the tone at The And for travel-loving workers, there are plenty of Green practices North Highland attractive opportunities to pursue that passion—on #25 Silverstein Properties Inc. NYC employees 40 #1 Company—and lifts the short- and long-term assignments. They can do 12- #26 ID Media U.S. employees 900 management consulting to 24-month stints at one of the firm’s 28 offices 2010/2009 revenues firm to the top of Crain’s overseas, in Europe, Asia, Australia and the Middle #27 Studley Inc. Telecommute 50 Best Places to Work in East. option (millions) $200/$150 #28 Vibrant Media Inc. Average salary n/d New York City. Employees Employees can also dictate how much they want not only own a stake in the to work—whether it’s part-time or overtime, which #29 GolinHarris Voluntary turnover 0% company, thanks to an employee can amount to as much as 30% over the firm’s #30 Frankfurt Kurnit Klein & Selz Time off for Layoffs 0% stock ownership plan, but they are also in control of standard 50-hour week. Of course, their community New positions 9 their everyday working lives.They set their own compensation is adjusted accordingly. #31 New York Cares service Paid holidays 8 schedules and travel plans. In addition, the firm allows unpaid sabbaticals of #32 National Futures Association 1 For example, they are free to opt out of client up to six months, regardless of the number of years Time off 27 assignments that require driving more than 90 individuals have logged in at the firm—as long as they #33 Village Pourhouse – East Village Health care premiums minutes or staying overnight in a hotel. With 900 don’t spend their extended break at another company. #34 Goodwin Procter Tuition 80% reimbursement employees stretched across 20 offices in the U.S., the “You’re able to own your life,” said Sunil Trivedi, a Atlanta-headquartered firm doesn’t fret about Manhattan-based consultant specializing in sales #35 Gibbons

1-Employees are entitled to 27 paid days off each year, finding another worker to handle the account. effectiveness and change management. #36 Hachette Book Group starting from the first day of employment. Employee ownership “is entrepreneurial and en- See #2 MR YOUTH on Page 16 #37 Insperity #38 Telx IN THE WORLD OF SPORTS, winning isn’t everything; it’s the only thing. And while landing on Crain’s list #39 Kimpton Hotels & Restaurants of the 50 Best Places to Work in New York City rightfully means a great deal to the winners, they’ve won #40 appssavvy their top spots not because of ruthlessness or arrogance but because of a steadfast commitment to treating #41 Rothstein Kass employees with dignity and respect.They’ve also gone to tremendous lengths to imbue the workplace with #42 SourceOne Inc. #43 Alston + Bird warmth and a sense of fun. ¶ From one year to the next, companies move up, down, on and off the chart. #44 Friedman And this year’s fourth annual list of Best Places to Work is no different, with one notable exception:The #45 Situation Interactive quality of winners—and even those that missed the cut—was stronger than ever, thanks, in part, to a slowly #46 Linedata recovering economy driving more companies to court and keep talented and dedicated employees.The pool #47 Wiss & Co. of surveyed firms was so competitive that about 20 nonwinners would have landed on the list in previous #48 The Execu|Search Group years. ¶ This year,The North Highland Company, a large management consulting firm, captured the top #49 Marcum spot. A first-time Crain’s Best Place to Work winner, North Highland grants a See BEST PLACES on Page 14 #50 Anchin Block & Anchin

December 5, 2011 | Crain’s New York Business | 13 20111205-NEWS--0014-NAT-CCI-CN_-- 12/1/2011 6:37 PM Page 1

REPORT

INITIATIVES How Crain’s & PERKS KEY Retaining talent with found the Best bonuses, perks, more

BPW winners that pick up at least 50% of em- Green Places to Work Hiring is on the upswing ployees’ medical premiums. initiatives at firms seeking specialized The resurgent demand for accounting services has led Wiss & Co.,BPW No.47,not o identify the Best Places to Work, skills to sustain their growth only to give higher raises to staffers but also to Crain’s partnered with Best Companies begin paying for a CPA review course for new accountants and to increase its bonus for pass- Group, an independent research firm, BY JUDITH MESSINA which conducted 12,494 surveys of ing the exam to $2,000 from $500. “We looked at what our competitors are employees in New York City. On-site fitness/ In 2008,as the economy was sinking,manage- doing and had to do what is best for our To be eligible, businesses had to wellness programs ment at Marcum came to an unavoidable con- staff,” said Lisa Calick, Wiss’ director of hu- employ 25 or more workers in the clusion: It needed to freeze pay and eliminate man resources. bonuses. The accounting profession was reel- city. Scores from employees, who answered a ing from a shrinking workload, with clients Going to great lengths Tconfidential 72-question survey, were combined with bringing their growth plans to a screeching And with the city’s Silicon Alley burgeon- scores from an 80-question survey of employers. stop or, in the most severe cases, going bust. ing and the importance of technology in the Questions focused on everything from benefits and The upshot was that many accountants were corporate world continuing to grow, many out on the street, looking for jobs. BPW winners in the tech sector are going to policies to opportunities for advancement and corporate On-site Three years later, accounting firms are on great lengths to court and keep skilled em- culture. Results from the employee surveys made up meals/snacks a hiring binge,as the recovering economy stirs ployees who can help them sustain their rap- 75% of the total score; results from the employer up more business and a tough regulatory en- id growth. surveys made up 25%. vironment prods corporate clients to focus “The market is brutally hot,” said Gregg more closely on compliance issues that require Grossman, president of Manhattan-based Cara S.Trager served as the contributing editor of accountants’ expertise. Vantage Point Associates, a recruiter for this section, which was written by Theresa Agovino, The hiring activity has sharpened competi- emerging technology companies. “Compa- Barbara Benson, Ylonda Gault Caviness, Hillary tion for talent, and Marcum, No. 49 on Crain’s nies can’t find enough people.” 2011 Best Places to Work list,once again start- Myriad Supply,BPW No. 20, which buys, Chura, Aaron Elstein, Lisa Fickenscher, Matthew Telecommute ed giving out raises and bonuses in 2009.Its to- sells,leases and rents pre-owned telecommuni- option Flamm, Amanda Fung, Steve Garmhausen, Fran tal compensation, said Jeffrey Weiner, New cations equipment and requires a deep bench Hawthorne, Shane Dixon Kavanaugh, Daniel Massey, York City managing partner, has increased of engineers, is among the best places that Judith Messina, Rebecca Olles, Adrianne Pasquarelli, about 10% to 15% over gave out raises even during 2008’s levels. the recession. The firm re- Elaine Pofeldt, Emily Sachar, Jeremy Smerd, Miriam “We have had to be more wards its tech professionals Kreinin Souccar and Tina Traster. competitive than [we were] Financial and non-sales employees two years ago,” said Mr. rewards for with annual salary increases Time off for Weiner. that typically range from BEST PLACES TO WORK FOOTNOTES community service As the economy gradual- performance 5% to 10%—and even more n/d: not disclosed. Average salary: average annual salary for exempt employees in the most ly improves, albeit at a slug- for job performance that manus recently completed fiscal year. New positions: full-time, hourly or salaried positions created c gish pace, many BPW win- abound goes above and beyond the in the last fiscal year. Voluntary turnover: rate of voluntary departures in the last fiscal year. ners are focused on going call of duty. Layoffs: rate of involuntary departures in the last fiscal year. Time off: vacation, sick, the extra mile to recruit and Additionally, CEO and personal and PTO (personal time off) days after one year of employment. Health care premiums: proportion of employees’ medical premiums paid by employer. retain top-notch talent. In- founder Andrew Fisher this variably, that means making year started sharing the 1-Employees are entitled to 27 paid days off each year, starting from the first day of employment. 2-Fiscal year ends March 31. 3-Figure is for fiscal 2010. 4-Figure is for fiscal sure their compensation and firm’s financial results with 2009. 5-As of Oct. 4, 2011. 6-Firm has 310 employees in New York City, but ranking pertains Tuition health care benefit packages are competitive, employees, as well as soliciting their sugges- only to downtown location. 7-North America region only. reimbursement while increasing their arsenal of cash and non- tions for improving the company. Now, if illustrations: m danielle cash perks. Typically, they’re using moderate Myriad Supply beats its quarterly net income salary increases and incentive pay, limiting goal, everyone gets a bonus. the city but as far away as Seattle. They also their largesse to positions where there is the “We’ve moved beyond the discretionary span more than a dozen industries,with tech- strongest demand for specialized talent, such bonus,”said Mr.Fisher.Employees “know ex- Best Places nology,public relations,advertising,account- as in the accounting and technology fields. actly what they can earn and what they have ing and law firms enjoying a particularly to do to get there.” Continued from Page 13 strong presence in the rankings. Tricky balancing act Conductor Inc., BPW No. 3, bumped up wide swath of autonomy to its workers,who not Last but certainly not least,the top 50 em- Companies are “going to put the money the salaries of its engineers this year, and co- only have an ownership stake in the company ployers include 10 firms that have landed an- where the need for talent is,” said Stephen founder and CEO Seth Besmertnik has be- but also can dictate their own work and travel nually on the esteemed list since its inception Mork, a principal in Buck Consultants’ glob- gun distributing some of his personal founder schedules. in 2008. These four-time winners are Alston al compensation and benefits practice. shares—which can increase in value as the “You’re able to own your life,” said Sunil + Bird, Bingham McCutchen, Friedman, It can be a tricky balancing act. About a firm prospers or if it goes public or is sold—to Trivedi, a Manhattan-based consultant spe- Hunton & Williams, ID Media, Kimpton third of BPW companies are responding to employees who have been with the company cializing in sales effectiveness and change Hotels & Restaurants, RAND Engineering skyrocketing health insurance costs by offer- a year. He plans to continue the practice for management. & Architecture, Silverstein Properties Inc., ing a high-deductible plan as an option, for new workers, too. There’s no secret formula for making the Studley Inc. and Undertone. example. But in many instances, these com- Another tech company, Undertone, BPW list. The 50 Best Places to Work, which were That kind of staying power requires “au- panies are also providing a generous—and No. 15, is spending more on perks, including ranked according to a statistical analysis of thenticity,” said Lynn Fantom, CEO of ID even quirky—array of health care benefits, yoga classes, in-office massages and special employee surveys and company benefits, all Media,this year’s BPW No.26.“As a business such as pet health insurance, as well as long- programs,such as a session with a private chef received high marks for a collegial atmos- leader, you really have to believe that your term care, wellness programs and health ad- who taught employees how to make veggie phere,challenging work,advancement oppor- people are the key drivers to your business vocacy services. sushi rolls. In addition, Undertone has raised tunities and a myriad of perks and benefits. success, because if you aren’t authentic in that “We’ve had a double-digit increase each starting salaries and regularly hands out on- Even though the top 50 share a commit- core belief, you won’t be able to consistently year in [medical premiums], but we’ve tried the-spot bonuses. ment to fostering employee satisfaction, they maintain all those recognition and communi- not to reduce benefits,” said Mr. Weiner. “If “We reward based on talent,” said CEO are a diverse bunch. They employ anywhere cations programs that are necessary to being you give people a raise and then take it away Michael Cassidy. “We try to support people from 25 to more than 500 workers in New a great place to work.” by reducing benefits, you haven’t accom- along the way when they are doing a particu- York, and they’re headquartered not just in —cara s. trager plished anything.” Marcum is among 46 larly good job.” Ⅲ

14 | Crain’s New York Business | December 5, 2011 CN014772 11/11/11 3:20 PM Page 1

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#2 #3 #4 MR YOUTH CONDUCTOR INC. HUNTON & WILLIAMS INTERCLICK INC. Advertising/Public Technology Law Online Media Relations/Marketing www.conductor.com www.hunton.com www.interclick.com www.mryouth.com; @mryouth @conductor @hunton_privacy @interclick NYC employees 130 NYC employees 52 NYC employees 114 NYC employees 75 U.S. employees 130 U.S. employees 52 U.S. employees 1,630 U.S. employees 131 2010/2009 revenues 2010/2009 revenues 2011/2010 revenues 2010/2009 revenues (millions) $20/$17 (millions) $15/$10 (millions) $600 2/$615 2 (millions) $101.4/$55 Average salary n/d Average salary $95,000 Average salary $204,230 Average salary $117,400 Voluntary turnover 10% Voluntary turnover 2% Voluntary turnover 24.2% Voluntary turnover 11% Layoffs 0% Layoffs 0% Layoffs 0% Layoffs 6% New positions 40 New positions 23 New positions 21 New positions 36 Paid holidays 10 Paid holidays 11 Paid holidays 13 Paid holidays Unlimited Time off 365 Time off 46 Time off 21 Time off Unlimited Health care premiums 100% Health care premiums Health care premiums Health care premiums 100% 75% to 99% 75% to 99% companies42 MR YOUTH encourages employees to get RECENTLY PROMOTED to team manager, AFTER EVERY executive committee FOR EMPLOYEES at interclick inc., the some balance in their lives. Besides Maria Bradley says that her new title meeting, Lisa Sotto, Hunton & give their attraction isn’t just about working with allowing its 140 employees to take as still doesn’t describe what she does at Williams’ New York City managing employees diverse marquee clients such as Verizon, much time off as they want, the 9-year- Conductor Inc., a 5-year-old search partner, updates all employees on the McDonald’s and Ford, or using the old social media marketing firm recently engine optimization technology finances of the Richmond, Va.- the option to firm’s leading-edge proprietary began footing the bill for their personal company.“It’s very collaborative here,” headquartered law firm. The technology to help them identify health and wellness programs, which can said Ms. Bradley, who joined the firm organization’s transparency is part of its telecommute customers online. It’s also about being include everything from rock-climbing two years ago as strategic account open communications policy, which part of a fast-growing, 5-year-old classes to guitar lessons. “Work-life director. “I do a lot of things that don’t includes focus groups, monthly staff publicly held digital marketing firm that balance is something we think about necessarily fall into my role.” meetings and a “sounding board” has retained its strong entrepreneurial more than salaries,” said Chief Operating That cooperative spirit among committee charged with seeking out spirit. Projects are innovative, and no Officer Dan LaFontaine. “People who employees is fostered by an open floor employees’ ideas and feedback—which one is micromanaged. “We create an work longer hours are not necessarily plan, a dress code so casual workers wear have resulted in benefits like free environment in which people do better employees. Creative people need shorts in the summer, weekly all- MetroCards and a healthy-living meaningful work and are autonomous,” time to clear their heads.” company gatherings—and the ringing program. said CEO Michael Katz. The company’s culture hasn’t only of a giant gong whenever a deal is “We’re a democracy,” said Ms. Sotto. scored big with employees but apparently closed. The aim, said CEO and co- “We make sure we’re listening and with LBi International, too; it acquired founder Seth Besmertnik, is “a culture responding.” Mr Youth three weeks ago for about $50 where people feel part of something million. that’s more than a job.”

#6 #7 #8 #9 NETAPP TEXT 100 RIGHTSFLOW BINGHAM McCUTCHEN IT Infrastructure Public Relations Licensing Law www.netapp.com/us www.text100.com www.rightsflow.com www.bingham.com @NetApp @text100 @RightsFlow @BinghamLaw NYC employees 126 NYC employees 44 NYC employees 25 NYC employees 305 U.S. employees 10,200 U.S. employees 113 U.S. employees 27 U.S. employees 1,857 2010/2009 revenues 2010/2009 revenues 2010/2009 revenues 2010/2009 revenues (billions) $3.93/$3.54 n/d (millions) $5.5/$2 (millions) $873/$860 Average salary $230,500 Average salary n/d Average salary $55,000 Average salary $197,800 Voluntary turnover 8%5 Voluntary turnover 17% Voluntary turnover 0% Voluntary turnover 10% Layoffs 0% Layoffs 6% Layoffs 0% Layoffs 1.4% New positions 44 New positions 18 New positions 9 New positions 21 Paid holidays 10 Paid holidays 8 Paid holidays 10 Paid holidays 12 Time off 29 Time off 39 Time off 20 Time off 23 Health care premiums Health care premiums 100% Health care premiums Health care premiums 75% to 99% 75% to 99% 75% to 99% companies50 WHEN NETAPP’S EMPLOYEES decided to FOUR YEARS AGO, Nicole Fachet got the RIGHTSFLOW, which assists its creative BINGHAM McCUTCHEN is about everyone have green support a children’s cancer charity, 70 green light to expand Text 100’s public clients with royalties and licensing, working together. “You don’t feel the workers shaved their heads in solidarity, relations services to clean-energy doesn’t have dead-end jobs. In 2009, for hierarchy in this company,” said Jessica initiatives, then emailed their photos to family and companies. Today, the firm, which caters example, Courtney Howard joined the Dillon, who joined the Boston- such as an friends and raised nearly $311,000.That to tech clients such as IBM, serves four Manhattan firm as licensing coordinator headquartered firm last May as a senior kind of teamwork characterizes this fast- clean-energy companies, including one and has since gotten two promotions, paralegal. “We’re all working as a team.” eco-friendly growing, worldwide and publicly held firm. with multibillion-dollar revenues. “It’s most recently to manager of licensing. “If The law firm creates that It is so well-known for its collegial that kind of empowerment that really someone is willing to get their hands collaborative spirit in many ways, workplace atmosphere that Rob Salmon, its encourages people to take risks,” said Ms. dirty and get a lot of work done, there are including, for example, providing and recycled executive vice president, has shared its Fachet, an eight-year veteran of the definitely rewards,” said Ms. Howard. opportunities for associates to work not formula for cohesiveness at such far-flung London-based firm and vice president/ And thanks to his innovative idea, only with one another in a variety of products places as Stanford University and the managing consultant of its New York office. not only was an intern hired as a full- practice areas, but also with different Skolkovo Moscow School of Text 100 goes out of its way to make time employee, but his suggestion led partners. “We make sure we keep an eye Management. At the heart of its team workers—regardless of their experience the firm to build an online tool that on the ball with simple things— spirit is “a culture of open communication or seniority—feel comfortable about simplifies the process of copyright communication, respect, and making and transparency,” said Bill Hogan, vice taking initiative, said CEO Aedhmar registration for songs and other creative sure people are informed and involved,” president of enterprise sales. Rather than Hynes. In its open-plan office in products. “The interns don’t make the said Robert M. Dombroff, managing huddle behind closed doors, for instance, Manhattan, senior employees sit next to coffee here,” said CEO Patrick Sullivan. partner of Bingham’s New York office. its senior management team streams its junior staffers to promote easy dialogue; “RightsFlow makes the coffee for top-level gatherings live to the desks of entry-level personnel with great ideas the interns.” the entire workforce. participate in meetings with large clients.

16 | Crain’s New York Business | December 5, 2011 CN014806 11/29/11 1:05 PM Page 1

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#10 #11 #12 #14 ZOCDOC RAND ENGINEERING 360i BLUEWOLF TARTER KRINSKY & DROGIN Health Care & ARCHITECTURE Digital Marketing Technology Consulting Law www.zocdoc.com Engineering www.360i.com www.bluewolf.com www.tarterkrinsky.com @zocdoc www.randpc.com; @randpc @360i @BluewolfUSA NYC employees 90 NYC employees 65 NYC employees 163 NYC employees 100 NYC employees 71 U.S. employees 160 U.S. employees 65 U.S. employees 325 U.S. employees 270 U.S. employees 73 2010/2009 revenues n/d 2010/2009 revenues 2010/2009 revenues n/d 2010/2009 revenues n/d 2010/2009 revenues n/d Average salary n/d (millions) About $7/about $7 Average salary $93,098 Average salary $75,000 Average salary n/d Voluntary turnover 4.3% Average salary n/d Voluntary turnover 11% Voluntary turnover 10% Voluntary turnover 2.7% Layoffs 0% Voluntary turnover 4.6% Layoffs 0% Layoffs 15% Layoffs 4.2% New positions 115 Layoffs 4.6% New positions 54 New positions 150 New positions 10 Paid holidays Unlimited New positions 0 Paid holidays 10 Paid holidays Unlimited Paid holidays 9 Time off Unlimited Paid holidays 11 Time off 15 to 20 days Time off Unlimited Time off 30 Health care premiums 100% Time off 16 Health care premiums Health care premiums 75% Health care premiums Health care premiums 75% to 99% 75% to 99% 75% to 99%

IT’S NO ACCIDENT that ZocDoc hires less RAND ENGINEERING & ARCHITECTURE DIGITAL MARKETING AGENCY 360i makes SOME EMPLOYERS FROWN on workers TARTER KRINSKY & DROGIN gives than 1% of its job applicants. The firm, exudes a clubby feeling—literally. it possible for employees to keep pace in chatting with a prospective hire, fearing employees more than a little help in which helps patients book medical Employees can pursue their personal a dynamic industry.“If you’re not that staff will bad-mouth the firm. getting ahead. Courtesy of the firm, its appointments online, limits its employee interests after work at the monthly comfortable with change, you can’t That’s not a concern at Bluewolf, where financial controller has taken out-of- roster to team players—and then Historical Preservation Club and Green function in this environment,” said workers praise the company for the town management and training courses rewards them with innovative projects Team Club. And junior associates can CEO Bryan Wiener. The firm’s 360i freedom they enjoy.The 11-year-old to prepare for the CFO spot. And on- and lots of perks to convey its participate in the Associates Club, a University offers employees training in operation allows employees to take as the-job training enabled a secretary to appreciation for their work and tutoring and mentoring group that everything from search engine much vacation as they want, as long as advance to a paralegal and an assistant professionalism. provides study support for engineering marketing to storytelling. The fast- they have finished their work. And for secretary to work her way up the ladder Employees are so motivated that the and architecture examinations. And growing 13-year-old company recruited those who crave a change of scenery, to firm administrator, with responsibility company doesn’t dictate the specific where other companies would see Mark Avnet, chair of the creative track Bluewolf has an exchange program that for coordinating internal operations. number of hours they need to work, and nepotism, RAND sees an opportunity to for the advertising and marketing lets staff members trade a week or two The company, said Managing they can take an unlimited number of create a warm familial atmosphere, with graduate program at Virginia with colleagues in one of its four other Partner Alan Tarter, is committed to vacation days—without jeopardizing many of its employees related to one Commonwealth University, as the in- U.S. offices. providing “a support network to their salaries. And when they’re in the another—as spouses, siblings and house educational program’s dean. “They treat you like an adult,” help all of our professionals and office, Friday evening happy hour and an nephews. And by offering beer on tap for said Aaron Bata, a 25-year-old employees grow.” on-site game room are among the many “It’s a high level of camaraderie,” said informal office celebrations and taking on account director. ways they can unwind. Valerie Landriscina, a project associate. volunteer projects at Harlem Children’s Zone, 360i fosters collegial relationships among employees, so they feel comfortable learning from one another.

#15 #17 #18 UNDERTONE BONOBOS GRASSI & CO. SHARED TECHNOLOGIES INC. FIRSTBORN Digital Advertising E-Commerce Accounting Communications Digital Creative Agency www.undertone.com www.bonobos.com www.grassicpas.com www.sharedtechnologies.com www.firstborn.com @undertone101 @Bonobos @grassicpas @SharedTec @firstborn_nyc NYC employees 128 NYC employees 39 NYC employees 25 NYC employees 95 NYC employees 65 U.S. employees 164 U.S. employees 40 U.S. employees 149 U.S. employees 1,450 U.S. employees 65 2010/2009 revenues n/d 2010/2009 revenues 2010/2009 revenues n/d 2010/2009 revenues n/d 2010/2009 revenues Average salary n/d (millions) $9/$4 Average salary n/d Average salary $66,196 (millions) $13/$9 Voluntary turnover 13% Average salary n/d Voluntary turnover 7% Voluntary turnover 5% Average salary $81,365 Layoffs 0% Voluntary turnover n/d Layoffs 4% Layoffs 6% Voluntary turnover 7% New positions 65 Layoffs 0% New positions 5 New positions 15 Layoffs 0% Paid holidays 15 New positions 17 Paid holidays 6 Paid holidays 11 New positions 19 Time off 19 Paid holidays 11 Time off 24 Time off 18 Paid holidays 12 Health care premiums 100% Time off Unlimited Health care premiums Health care premiums Time off 15 Health care premiums 75% to 99% 75% to 99% Health care premiums 100% 75% to 99%

AT UNDERTONE, a decade-old digital SIX MONTHS AGO, when Web designer LONG BEFORE ACCOUNTING MAJORS PROFESSIONAL DEVELOPMENT is a top AT 14-YEAR-OLD FIRSTBORN, employees advertising firm, Alex Vlasto was blown Trina Wittman joined Bonobos, an apply for positions at Grassi & Co., they priority at Shared Technologies, a don’t need to move on to move up. The away by the thoroughness of the job online-only men’s apparel company, she get to meet and mingle with the firm’s Texas-based subsidiary of the publicly digital creative agency’s founder and interview process and then the highly looked forward to having a voice in the partners. And once they’re at Grassi, a traded Arrow Electronics Inc. CEO Michael Ferdman has made organized training and induction he 4-year-old entrepreneurial firm. She personal career coach—one of 20 Employees can hone their tech skills individual advancement a high priority. experienced. “I’ve worked for several didn’t anticipate that her involvement partners—nurtures their individual with online computer-based training The firm recognizes hard work and companies, but I’ve never seen one that would extend to speaking up at the paths, from intern to junior accountant, and vendor-led seminars. And besides creativity with financial rewards and pays so much attention to its human company’s regular book club meetings. and from semi-senior accountant to providing tuition reimbursement for promotions. resources,” said Mr. Vlasto, who joined “I’ve never been at a place where they manager and, ultimately, to partner. M.B.A. and technical certification “It’s nice to know you can stay at one the firm four months ago as vice have a book club,” she said Included in the mentoring are tips for programs, the firm offers employees company where there’s room for president of marketing. Besides hosting the club in the working with clients and managing time off for learning—without growth,” said Creative Director Aaron Undertone’s HR professionals— evenings, the firm gives each worker a staff. jeopardizing their vacation schedules. Pollick, who joined the firm five years whose backgrounds range from Kindle upon joining the company, and it The 31-year-old firm also listens to “Education empowers our ago as senior designer. organizational development to pays for all the books. But the firm isn’t employees. Adopting an employee’s employees,” said Glenn Means, management—provide employees with just bookish. It also foots the tab for suggestion, for example, Grassi is company president. information on benefits, as well as focus other types of activities, including increasing its contributions to the 401(k) on talent development, career semiformals, camping trips and frequent retirement plans of workers who have advancement and succession planning. staff outings to bars, barbecues and been with the firm for more than “We’re a small company with a big karaoke events. a decade. emphasis on human resources,” said President Michael Cassidy.“It pays off.”

18 | Crain’s New York Business | December 5, 2011 CN014781 11/16/11 2:28 PM Page 1

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Newark New York Trenton Philadelphia Wilmington www.gibbonslaw.com 20111205-NEWS--0020-NAT-CCI-CN_-- 12/1/2011 6:40 PM Page 1

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#20 #21 #22 #23 MYRIAD SUPPLY SIGNATURE BANK EZE CASTLE INTEGRATION AEROTEK INC. Network Equipment Banking Hedge Fund Technology Staffing www.myriadsupply.com www.signatureny.com www.eci.com www.aerotek.com @MyriadSupply @EzeCastleECI @AerotekJobs NYC employees 42 NYC employees 525 NYC employees 150 NYC employees 35 U.S. employees 43 U.S. employees 687 U.S. employees 350 U.S. employees 3,200 2010/2009 revenues 2010/2009 revenues 2010/2009 revenues n/d 2010/2009 revenues (millions) $15/$10 (millions) $35/$36 Average salary $86,520 (billions) $3.5/$2.4 Average salary $73,781 Average salary (for exempt Voluntary turnover 21.3% Average salary n/d Voluntary turnover 10% workers) $110,000 Layoffs 2% Voluntary turnover n/d Layoffs 5% Voluntary turnover 5% New positions 30 Layoffs n/d New positions 3 Layoffs 2% Paid holidays 9 New positions n/d Paid holidays 9 New positions 58 Time off 15 Paid holidays 6 Time off 15 Paid holidays 10 Health care premiums Time off 18 Health care premiums Time off 22 75% to 99% Health care premiums 25% to 49% Health care premiums 50% to 74% 75% to 99% companies WHENEVER IT HANDS OUT BONUSES, SIGNATURE BANK barely spends any EZE CASTLE INTEGRATION’S employees AEROTEK’S COMMUNICATIONS go well Myriad Supply makes sure no one goes money on marketing, and many of its 25 can perform their jobs with confidence, offer tuition beyond business matters. If an employee home empty-handed. With bonuses branches are just about invisible, tucked courtesy of Eze Castle University, where reimbursement is getting married, looking ahead to a distributed at 2% of its sales force’s away in office buildings. staffers learn how to do everything from vacation or saving for a down payment salaries and 10% of salaries for those in But this below-the-radar-screen providing good service to dealing with on a home, the firm conveys that news at operations, the firm has already given financial institution is a bastion of difficult clients. The Boston- staff meetings. The practice helps bonuses—ranging between $1,000 and stability and success in an industry headquartered firm, which manages IT cultivate a collegial environment and $3,500—for two out of three quarters plagued by turmoil. Since launching 10 and back-office operations for hedge improves job satisfaction, with co- this year. And because employee years ago, Signature has grown to $13 funds, even has a wiki that employees workers responding by encouraging and compensation reflects corporate billion in assets, becoming a popular can access for self-training, and helping each other. It’s not unusual, for profitability, employees have taken it place for executives defecting from managers regularly sit down with example, for employees to take on a upon themselves to do everything from North Fork and other large banks. Chief staffers to create a curriculum for them. colleague’s workload to ensure that his switching to cheaper suppliers to Executive Joseph DePaolo, a veteran of “We want [employees] to grow, get tasks are finished prior to his vacation. analyzing the cost benefits of owning or Republic National Bank (which was promoted and get better jobs in the “We’re all about hyper- leasing a printer. swallowed up years ago by HSBC), firm,” said Vinod Paul, the New York communication as far as making sure “We want to hear from employees knows what it takes to keep his growing City office’s managing director. everyone on the team knows each other’s because if they save the company money, workforce focused and happy: This year, personal, as well as professional, goals,” that affects everyone’s bottom line,” said he plans to disperse $17 million in said Gerard Reynolds, account executive Hilary DeCourcey, vice president of bonuses not only among bankers who in Aerotek’s architecture and purchasing and client support. bring in business but also to back-office engineering group. support staff.

#24 #25 #26 #27 ANIMOTO SILVERSTEIN PROPERTIES INC. ID MEDIA STUDLEY INC. Video Web Applications Real Estate Advertising/Public Real Estate www.animoto.com www.silversteinproperties.com Relations/Marketing www.studley.com @Animoto www.idmediaww.com NYC employees 51 NYC employees 228 NYC employees 103 NYC employees 153 U.S. employees 75 U.S. employees 229 U.S. employees 161 U.S. employees 567 2010/2009 revenues n/d 2010/2009 revenues n/d 2010/2009 revenues n/d 2010/2009 revenues n/d Average salary $75,000 Average salary n/d Average salary $94,869 Average salary $110,000 Voluntary turnover 0% Voluntary turnover 7% Voluntary turnover 22% Voluntary turnover 11% Layoffs 3% Layoffs 4.7% Layoffs 0% Layoffs 4.5% New positions 40 New positions 7 New positions 23 New positions 5 Paid holidays 11 Paid holidays 7 Paid holidays 14 Paid holidays 9 Time off 15 Time off 18 Time off 23 Time off 23 Health care premiums 100% Health care premiums 80% Health care premiums Health care premiums 75% to 99% 50% to 74%

companies28 AT GREENWICH VILLAGE-BASED ANIMOTO, DESPITE THE DIFFICULT ECONOMY, NINE-YEAR-OLD ID MEDIA makes no bones IN THE COMPETITIVE WORLD of which helps consumers create online Silverstein Properties is one of the few about how much it appreciates its commercial real estate brokerage, provide videos with photos and music, the developers that has kept busy, and one employees. The firm’s reception-area Studley Inc. literally goes to great atmosphere is fun-loving, creative and huge project has particular resonance digital bulletin board notes employees’ distances to keep its employees on-site casual. On Friday afternoons, beer is on with employees: helping to rebuild the birthdays; its hallway is festooned with motivated and happy. Each year, the firm fitness/ tap for employees—as well as for their World Trade Center site. This effort, as photos of workers marking the rewards its professionals with a plane nonstaff friends, and there are field trips well as the developer’s construction of a anniversary month they joined the ticket to a different U.S. city, and top- wellness to places like the Museum of the new residential tower on Manhattan’s company; and, when employees boot up producing brokers are swept off to Moving Image. During the workday, West Side last year and its global their computers, a message appears locales like Madrid or Berlin. And when programs employees can also leave the office to projects in far-flung places such as introducing a new hire to the company. they’re not globe-trotting, employees work on their laptops in nearby Warsaw and Chongqing, China, infuses Employees are also recognized at the can relieve stress at such company- Washington Square Park. the firm with a vibrant and stimulating company’s end-of-year all-star awards, sponsored events as the Margarita Tea Beyond those niceties, employees work environment. which encompasses categories like Party or snack on cupcakes in the love the work they do. “The product is But Silverstein isn’t all work and no “caregiver,” “sunshine” and “innovator.” Happy Room. impacting people’s lives in a personal play, thanks to a regular company outing And every quarter, managers hand out way,” said Jason Hsiao, president and co- that enables employees to kick back, as Bravo Bucks—which typically run $50 founder of the 4-year-old company,“and well as half-day Fridays every week. or $100—for solid job performance. that’s very fulfilling.” CEO Lynn Fantom said she always knew that positive strokes help bring out the best in employees. “Maybe it’s because I’m a mom,” she said.

20 | Crain’s New York Business | December 5, 2011 20111205-NEWS--0021-NAT-CCI-CN_-- 12/1/2011 7:43 PM Page 1

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#28 #32 VIBRANT MEDIA INC. GOLINHARRIS FRANKFURT KURNIT KLEIN NEW YORK CARES NATIONAL FUTURES ASSOC. Advertising/Public Relations/Marketing Advertising/Publicity & SELZ Social Services Industry Regulator www.vibrantmedia.com www.golinharris.com Law www.newyorkcares.org www.nfa.futures.org @VibrantMedia @GolinHarris www.fkkslaw.com; @FrankfurtKurnit @newyorkcares NYC employees 100 NYC employees 40 NYC employees 97 NYC employees 64 NYC employees 38 U.S. employees 148 U.S. employees 500 U.S. employees 97 U.S. employees 64 U.S. employees 288 2010/2009 revenues 2010/2009 revenues n/d 2010/2009 revenues n/d 2011/2010 public support 2010/2009 revenues (millions) More than $100/n/d Average salary n/d Average salary $189,000 and revenues (millions) $9/$9 (millions) n/d/$34 Average salary $127,349 Voluntary turnover n/d Voluntary turnover 3% Average salary $52,647 Average salary $86,000 Voluntary turnover 17.1% Layoffs n/d Layoffs 0% Volunteer turnover 15% Voluntary turnover 10% Layoffs 0% New positions n/d New positions 6 Layoffs 0% Layoffs 0% New positions 68 Paid holidays 11 Paid holidays 11 New positions 8 New positions 3 Paid holidays 11 Time off 20 Time off 15 Paid holidays 14 Paid holidays 9 Time off 24 Health care premiums Health care premiums Time off 28 Time off 26 Health care premiums 100% 50% to 74% 25% to 49% Health care premiums 75% Health care premiums 75% to 99%

THE ADVERTISING BUSINESS is notorious AT CHICAGO-BASED GolinHarris, FRANKFURT KURNIT KLEIN & SELZ is a NEW YORK CARES’ employees consider WHILE THEIR WALL STREET JOBS don’t for its competitiveness—even among employees are teammates, ready to cheer law firm where employees count as their work—running volunteer come with supersize paychecks or end- colleagues. But 11-year-old Vibrant one another for work-related and much as clients do. The Manhattan- programs for 1,200 nonprofits, city of-the-year Hamptons-buying bonuses, Media has consciously taken steps to personal achievements. That support headquartered firm accommodates the agencies and public schools—a labor of employees at the National Futures create a collegial atmosphere. “We do and camaraderie come into full view demands of its staff ’s personal lives by love. They love their workplace, too. Association treasure what it does give not have a lot of sharp elbows here,” said every year with Work a Week, a contest offering everything from part-time work Employees receive comp time for them: quality of life. Besides granting 26 CEO Cella Irvine. All new employees that encourages junior-level employees to job-sharing to telecommuting. And weekend work; the office closes between days off after only a year on the job, the are assigned a “buddy” to show them the to submit a proposal for working at last month, the firm began offering an Christmas and New Year’s; and monthly organization encourages telecommuting ropes and explain the firm’s culture of another GolinHarris location. In May, a off-site emergency child care program staff meetings at the 25-year-old for those who need to be close to their cooperation. As a result, colleagues at New York staffer went to Hong Kong. operated by an independent vendor. The organization are fun, themed gatherings families. Vibrant Media are so friendly that they Said Adam Pawluk, vice president program’s daily fee runs $20 per child or with coffee, treats and a strong collegial “We recognize [that] work-life often spend time together after work— of health care, “It’s not a cutthroat $40 per family, considered a bargain for spirit. And staffers are encouraged to balance is important,” said Carrie and on weekends, too. environment.” parents accustomed to paying $20 an implement their ideas. Baffes, director of compensation hour for child care. and benefits. 20111205-NEWS--0022-NAT-CCI-CN_-- 12/1/2011 7:44 PM Page 1

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#33 #34 #35 #37 VILLAGE POURHOUSE GOODWIN PROCTER GIBBONS HACHETTE BOOK GROUP INSPERITY Sports Bar/Restaurant (East Village) Law Law Publishing Business Advisers www.villagepourhouse.com www.goodwinprocter.com www.gibbonslaw.com www.hachettebookgroup.com insperity.com @PourhouseDwnTwn @goodwinprocter @GibbonsPC @HachetteBooks @insperity NYC employees 606 NYC employees 251 NYC employees 78 NYC employees 411 NYC employees 25 U.S. employees 358 U.S. employees 1,516 U.S. employees 380 U.S. employees 934 U.S. employees 1,900 2010/2009 revenues 2010/2009 revenues 2010/2009 revenues 2010/2009 revenues n/d 2010/2009 revenues (millions) $3.5/$3.5 (millions) $678.5/$658 (millions) $106.3/$111 Average salary n/d (billions) $1.7/$1.65 Average salary n/d Average salary $197,583 Average salary $217,322 Voluntary turnover 9% Average salary n/d Voluntary turnover 15% Voluntary turnover 9.92% Voluntary turnover 7% Layoffs 1% Voluntary turnover n/d Layoffs 3% Layoffs 10.71% Layoffs 0% New positions 24 Layoffs n/d New positions 5 New positions 18 New positions 6 Paid holidays 10 New positions n/d Paid holidays 11 Paid holidays 10 Paid holidays 11 Time off 17 Paid holidays 8 Time off 16 Time off 26.5 Time off 23 Sick days Unlimited Time off 19 Health care premiums Health care premiums Health care premiums Health care premiums Health care premiums Less than 25% 75% to 99% 50% to 74% 75% to 99% 75% to 99%

FOR VILLAGE POURHOUSE’S East Village GOODWIN PROCTER doesn’t take GIBBONS DOESN’T TAKE KINDLY to A FLEXTIME PROGRAM that allows editors AT INSPERITY, charity begins in the employees, it’s almost like the recession employees for granted. It recognizes attitudinal employees. In an industry to work from home, a generous benefits workplace. Employees not only give up never happened. Staffers have continued their legal skills, efficiency, productivity, where billable hours reign supreme, the package and “opportunities for people to their unused personal time off to to enjoy an annual trip to Disney World, professional development and pro bono firm expects everyone—from staffers to vent if they want to,” said CEO David colleagues who need extra days to a perk the watering hole introduced work with bonuses. And when the top-ranked lawyers—to play well in Young, all contribute to a good working address health and family matters, they before the economic downturn. And attorneys’ caseloads are light and they’ve the sandbox. environment at Hachette Book Group, a have also helped a co-worker pay for a with the recent addition of a dental plan, satisfied their quota of billable hours, “If an associate hopes to advance and division of French publishing giant relative’s funeral and defrayed the travel its workers’ health care benefits have they’re free to leave the office—even to they’re not going to be good to our staff, Hachette Livre. And given the expenses of a colleague seeking out-of- gotten a little better. catch a midafternoon movie. they’re not going to make partner,” said competition within the sector for talent, town medical care for a child. In In an industry that can sometimes Meanwhile, monthly wine and Patrick C. Dunican Jr., the firm’s the publisher of James Patterson and addition, the Houston-based company produce high turnover and cantankerous cheese gatherings foster something else chairman and managing director. Stephanie Meyer makes sure to provide compensates employees for 12 hours of servers, this East Village eatery sports the firm values: the relationships “When we’re interviewing, we look for items like large computer screens within community service per quarter. nine employees who’ve been at the place employees have with one another. how people will fit in—their personality two weeks of employees’ requests. And with each of its 56 U.S. offices since it opened in 2006, and all of them in addition to their other attributes.” “If I became complacent, we’d lose competing for the greatest participation have been rewarded for their tenure, That focus on friendliness extends to staff very quickly,” Mr. Young said. in their volunteer efforts, New York hard work and dedication—with shares the outside community. As part of its employees have gotten involved with in the company and a cut of the Gibbons Cares initiatives, the firm charities like Ronald McDonald House company’s profits. has written wills pro bono for police and Adopt a Soldier. officers, firefighters and other first responders.

#38 #39 #41 #42 TELX KIMPTON HOTELS APPSSAVVY ROTHSTEIN KASS SOURCEONE INC. Telecommunications & RESTAURANTS Digital Advertising Accounting Energy Management and Consulting www.telx.com Hotels and Restaurants www.appssavvy.com www.rothsteinkass.com/ www.sourceone-energy.com @Telx_Group www.kimptonhotels.com; @Kimpton @appssavvy @Rothstein_Kass NYC employees 177 NYC employees 536 NYC employees 45 NYC employees 202 NYC employees 35 U.S. employees 242 U.S. employees 7,200 U.S. employees 60 U.S. employees 846 U.S. employees 69 2010/2009 revenues 2010/2009 revenues 2010/2009 revenues 2010/2009 revenues 2010/2009 revenues n/d (millions) $130/$98 (millions) $689.9/$574.3 (millions) $20/$9 (millions) $163.2/$169.5 Average salary $50,000 Average salary $109,267 Average salary n/d Average salary $87,000 Average salary $147,787 Voluntary turnover 5.6% Voluntary turnover 4.5% Voluntary turnover 5% Voluntary turnover 18% Voluntary turnover 16% Layoffs 0% Layoffs 0% Layoffs 2% Layoffs 5% Layoffs 6% New positions 5 New positions 47 New positions n/a New positions 36 New positions 8 Paid holidays 11 Paid holidays 8 Paid holidays 6 Paid holidays 9 Paid holidays 9 Time off 30 Time off 18 Time off 17 Time off 31 Time off 35 Health care premiums Health care premiums Health care premiums Sick days Unlimited Health care premiums 75% to 99% 75% to 99% 75% to 99% Health care premiums 75% to 99% 75% to 99%

TELX SHOWERS EMPLOYEES with KIMPTON HOTELS & RESTAURANTS isn’t AT APPSSAVVY, a 4-year-old social media SMART, DRIVEN and eco-conscious SOURCEONE INC. employees don’t feel recognition for their accomplishments just hospitable to guests. As the operator company, there are fun activities for millennials thrive in Rothstein Kass’ locked into their current positions. The in everything from product development of four boutique hotels in New York— employees, such as a race in Central New York office, where the average age Boston-headquartered firm gives its to sales to customer service. The The Muse, 70 Park Avenue, Ink48 and Park and an on-site beer pong table. is around 30. With clients tilted toward workers as much responsibility as they company announces praiseworthy Eventi—the San Francisco- Staff members can also bring their dogs high-energy financial companies, can handle, allowing them to develop at efforts in its communications and before headquartered firm retains workers with to work every Friday.Those perks, along including alternative investment their own pace and move into higher the entire company at Telx’s well- its advancement opportunities, generally with the employees’ shared passion for managers and private-equity funds, the positions. After less than a year at the attended quarterly meetings. It also promoting from within its existing the firm’s cutting-edge digital work, work is exciting and challenging. And in firm, for example, Lily Perrette was hands out a range of rewards, including employee ranks. A companywide, have imbued the workplace with a a nod to its youthful employees’ style promoted from an assistant data entry gift cards; trips to places like Las Vegas, yearlong program provides mentors to strong collegial atmosphere, turning preferences, there’s Jeans Fridays, while staffer to a project engineer who works Miami and Puerto Rico; and college workers who show promise, matching colleagues into friends—inside and green practices, such as printing double- with major clients. scholarships. them with higher-level employees who outside the office. sided copies, acknowledge their “At this company, I don’t feel like I Telx’s culture of shout-outs “inspires complement their skills. “There’s a lot of camaraderie,” said environmental concerns. will reach a wall,” Ms. Perrette said. To people to go above and beyond,” said “I’m a prime example of how the Yael Zeman, director of strategic “We always try to be aware of encourage further advancement, the CEO Eric Shepcaro. company cultivates its own talent,” said partnerships. “It’s a family-type motivators,” said Steve Kass, firm also offers tuition reimbursement. Ericka Nelson, The Muse’s general environment that we nurture here.” co-managing partner. “Millennials are a manager, who joined Kimpton a decade generation that appreciates strong ago as sales manager for its four corporate citizenship.” Washington, D.C., properties and was once a mentee.

22 | Crain’s New York Business | December 5, 2011 20111205-NEWS--0023-NAT-CCI-CN_-- 12/1/2011 7:45 PM Page 1

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#43 #44 #45 #46 ALSTON + BIRD FRIEDMAN SITUATION INTERACTIVE LINEDATA Law Accounting Social Media Marketing Financial Services Software www.alston.com www.friedmanllp.com www.situationinteractive.com www.linedata.com @friedmanllp @situationOnBway @Linedata NYC employees 237 NYC employees 230 NYC employees 46 NYC employees 29 U.S. employees 2,054 U.S. employees 340 U.S. employees 49 U.S. employees 183 2010/2009 revenues n/d 2010/2009 revenues 2010/2009 revenues n/d 2010/2009 revenues 7 Average salary n/d (millions) $81/$75 Average salary n/d (millions) $51/$47 Voluntary turnover 4% Average salary $100,715 Voluntary turnover 9.7% Average salary n/d Layoffs 0% Voluntary turnover 5% Layoffs 0% Voluntary turnover n/d New positions 5 Layoffs 0% New positions 0 Layoffs n/d Paid holidays 10 New positions 32 Paid holidays 10 New positions n/d Time off 29 Paid holidays 11 Time off 19 Paid holidays 9 Health care premiums Time off 21 Health care premiums 100% Time off 24 75% to 99% Health care premiums Health care premiums 100% 75% to 99% 36 EACH DAY, around midmorning, Alston + AT MANY ACCOUNTING FIRMS, making NOT LONG AGO, six employees saw a companies CHARITABLE GIVING is a longtime Bird employees meet for 10 minutes to partner is an elusive dream—especially if performance of the Tony-winning show employee tradition at Linedata, a 13- discuss a way to improve as a firm.The you’re working on a flex schedule, raising War Horse while others attended the allow for year-old financial software company gathering is part of a larger staff young children or caring for aging New Orleans premiere of the play The community headquartered in Boston. But last development effort—and a reason why parents. Not so at 87-year-old Addams Family. Those aren’t one-time summer, its New York employees did the New York office’s 250 employees Friedman, where nearly half of the benefits—but periodic perks for staff at service more than donate money.They went have bonded together. “Employees at all employees are partners or on their way decade-old Situation Interactive, a bowling with a group of teens from The levels here know they are an important to entering its upper echelon. With two- marketing company that uses social during the Family Center, a Manhattan nonprofit part of the big picture,” said Adam thirds of Friedman’s 51 partners media like Twitter and Facebook to workday that supports and counsels families in Baker, a four-year general litigation expected to retire in the next decade, the promote its clients in the entertainment the midst of crisis or loss. associate in the New York office of the firm has implemented a formal partner- industry. Employees also get to voice Employees also benefit from the 118-year-old Atlanta-based firm. grooming program that helps employees opinions, ideas and suggestions at a firm’s compassion. When Tyler Gowen, “Maybe it comes from our roots in develop a range of critical skills, monthly meeting that’s followed by a a sales executive, was stressed out about Southern hospitality.” including managing career, clients, company happy hour. having to juggle sales calls with his That collective congeniality not only colleagues and supervisors. Free food daily, use of a corporate wife’s doctors visits—she experienced wins over employees but also has driven “We’re taking an aggressive approach Dunkin’ Donuts account and an health challenges during her them to donate their unused personal to succession planning that’s important opportunity to play on various pregnancy—Mr. Gowen said his time to a colleague caring for a sick for the firm and great for employees,” company-sponsored sports teams add up manager’s response was “family comes relative. said Managing Partner Bruce Madnick. to a firm that’s filled with fun and first,” in no uncertain terms. games.

#47 #48 #49 #50 WISS & CO. THE EXECU|SEARCH GROUP MARCUM ANCHIN BLOCK & ANCHIN Accounting Staffing Accounting Accounting www.wiss.com www.execu-search.com www.marcumllp.com anchin.com @wissllp @ExecuSearch @marcumllp @anchincpa NYC employees 30 NYC employees 92 NYC employees 500 NYC employees 350 U.S. employees 200 U.S. employees 130 U.S. employees 950 U.S. employees 350 2010/2009 revenues 2010/2009 revenues 2010/2009 revenues 2010/2009 revenues (millions) $25-$30/$25-$30 (millions) $34/n/d (millions) $250/$200 (millions) $90/$90 Average salary $101,000 Average salary n/d Average salary $100,000 Average salary $106,828 Voluntary turnover 7% Voluntary turnover 5% Voluntary turnover 9% Voluntary turnover 7.2% Layoffs 6% Layoffs 0% Layoffs 0% Layoffs 3.64% New positions 1 New positions 20 New positions 10 New positions 4 Paid holidays 11 Paid holidays 10 Paid holidays 8 Paid holidays 10 Time off 20 Time off 18 Time off 23 Time off 20 Health care premiums Health care premiums Health care premiums Health care premiums 50% to 74% 25% to 49% 50% to 74% 50% to 74% companies23 EMPLOYEES at 42-year-old CPA firm THE EXECU|SEARCH GROUP’S perks are FROM THE GET-GO, Marcum takes its AT ANCHIN BLOCK & ANCHIN, employees offer meals Wiss & Co. feel both valued and fun and plentiful, ranging from playing accountants’ professional growth do more than service clients. They’re and snacks trusted. That’s thanks in part to the Ping-Pong and pool in the company seriously. Early in their careers, also helping a bunch of elementary elimination of an across-the-board recreation room to wearing jeans to employees have regular, frequent contact school kids. For the second consecutive policy that had required accountants— work and raising money for charities. with clients, which allows them to begin year, the 88-year-old firm has adopted regardless of their practice areas—to But what thrills employees most are the to think like decision-makers, and an entire fifth grade, which encompasses work 55 hours a week (including unlimited opportunities for growth the receive training in understanding the seven classes and 175 kids, at P.S. 8 in mandatory evenings and weekends) Manhattan-based staffing firm offers. In mindset of clients. The firm encourages the Bronx. Not only do Anchin during tax season, from mid-January to less than four years, Bradley Sona went staff to access industry experts and employees visit the school and pack April 15. Accountants are still from entry-level researcher to recruiter specialists in business areas in which students’ knapsacks with games, treats responsible for getting their work done, to director at its Third Avenue they wish to develop expertise—such as and learning activities, but the firm’s but they can decide for themselves when headquarters. And his story is not finance, retailing or technology. And partners and other accounting staff the demands of their jobs require longer uncommon. with the knowledge and skills they also host the kids at Anchin’s hours, including overtime. As a result, “They want to see you advance and acquire, staff members can fast-forward midtown office. employees’ job satisfaction and keep growing,” said Mr. Sona, who has their career development, including Anchin’s kindness extends to its productivity have increased. been with the firm for almost six years. taking on work in specific practice areas, employees, too. Flexible schedules allow such as alternative investments, high them to work three-day weeks to care technology, international matters and for family members—without falling off forensic accounting. the partner track.

December 5, 2011 | Crain’s New York Business | 23 CN014794 11/17/11 6:09 PM Page 1

Joe Meyer, CEO of HopStop, a leading mobile app for door-to-door realized walking, transit, taxi, biking and the power of hourly car rental directions in CRAIN'S NEW 100+ cities worldwide YORK BUSINESS in sourcing new talent.

While browsing Crain's Resume Review, Joe was delighted to find the resume of a strong mobile app developer.

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CRAIN’S CONNECTS 20111205-NEWS--0025-NAT-CCI-CN_-- 12/1/2011 6:37 PM Page 1

FOR THE RECORD

Mary Ann Tighe. The landlord, Beacon executive and director, exercised options 39,984 shares of common stock at Capital, was represented by Cushman & on 216,763 shares of common stock at $31.94 on Nov. 14, in a transaction ABOUT THIS SECTION Wakefield Inc.’s Mitch Arkin, Josh $5.20 on Nov. 15, in a transaction worth worth $1,277,129. Kurlioff, Gene Spiegelman and David $1,127,168. On the same day, he sold FOR THE RECORD is a weekly listing of information from the public record that Tricarico. The asking rent was between 216,763 shares of common stock at ● Colgate-Palmolive Co. (CL) can help businesspeople in the New York area find opportunities, potential $525 and $625 per square foot. $25.66, in a transaction worth Hector I. Erezuma, vice president- new clients and updates on competitors. $5,562,919. He now directly holds taxation, exercised options on 11,000 To ask questions or get more information on this section, contact Suzanne RETAIL 1,804,340 shares. shares of common stock at $60.68 on Panara at [email protected]. ● Knoll Inc. signed a temporary lease for Nov. 14, in a transaction worth 17,000 square feet at 766 Sixth Ave. ● Moody’s Corp. (MCO) $667,480. On the same day, he sold Bellmarc Realty’s Rochelle Bass Mark E. Almeida, president, Moody’s 11,000 shares of common stock at represented the tenant, while Rose Analytics, exercised options on 50,000 $88.93, in a transaction worth $978,239. Associates’ Bill Bergman and Bruce shares of common stock at $19.99 He now directly holds 34,362 shares. BANKRUPTCIES Alban at (718) 760-6771 or Spiegel represented the landlord. The between Nov. 17 and Nov. 18, in a [email protected]. asking rent was $150 per square foot. transaction worth $999,375. During the Delano E. Lewis, director, exercised The following listings are selected from the same period, he sold 50,000 shares of options on 1,333 shares of common stock most recent available filings by companies ● Department of Parks and Recreation ● Sabon signed a 10-year lease for 665 common stock at prices ranging from at $81.20 on Nov. 15, in a transaction seeking bankruptcy protection in the Seeks competitive sealed bids by 10:30 square feet at 1450 Broadway. The luxury $32.75 to $32.83, in a transaction worth worth $108,240. On the same day, he Southern and Eastern Districts of New a.m. on Dec. 20 for the reconstruction bath and body-brand retailer will occupy $1,639,500. He now directly holds sold 1,445 shares of common stock at York. Information was obtained from U.S. and installation of the bronze doors at space on the ground floor. The landlord, 122,115 shares. prices ranging from $88.75 to $88.92, in Bankruptcy Court records available on the recreation center in Mullaly Park in The Zar Group, was represented by a transaction worth $128,263 He now Public Access to Court Electronic Records. the Bronx. Bid documents are available Winick Realty’s Michael Gleicher. The ● Abovenet Inc. (ABVT) directly holds 12,800 shares. Listings are in alphabetical order. for a fee of $25 in the blueprint room, asking rent was $475 per square foot. William G. LaPerch, president, chief Olmsted Center, Queens, from 8 a.m. to executive and director, sold 25,549 ● Public Service Enterprise Group Inc. ● Chait Properties Inc. 3 p.m. The fee is payable by company ● Coco Fresh Tea & Juice signed a lease shares of common stock at prices (PEG) 2856 Lindenmere Drive, Merrick, L.I. check or money order to the City of NY, for 600 square feet at the Sky View ranging from $58.64 to $60.04 between Ralph Izzo, president, chairman and Filed for Chapter 11 bankruptcy Parks and Recreation. Contact Juan Center, 40-24 College Point Blvd., in Nov. 16 and Nov. 17, in a transaction chief executive, exercised options on protection on Nov. 21. The filing cites Alban at (718) 760-6771 or Flushing, Queens. The tea company was worth $1,512,843. He now directly 25,000 shares of common stock at estimated liabilities of $1,000,001 to [email protected]. represented by Super Connection Inc.’s holds 193,423 shares. $20.39 on Nov. 15, in a transaction $10 million and estimated assets of Ricky Wong. The landlord, Onex Real worth $509,625. On the same day, he $1,000,001to $10 million. GOODS AND SERVICES Estate Partner, represented itself in-house. ● American Express Co. (AXP) sold 19,800 shares of common stock at ● Department of Education The asking rent was not disclosed. Douglas E. Buckminster, president, prices ranging from $33.34 to $33.55, in ● Qualcon Construction Seeks competitive sealed bids by 4 p.m. international consumer and small a transaction worth $663,018. He now 511 Barry St., Bronx on Dec. 13 for science supplies and ● Designer Malia Mills signed a lease business services, exercised options on directly holds 269,896 shares. Ⅲ Filed for Chapter 11 bankruptcy equipment. Bid opening will take place for 400 square feet at 1225 Madison Ave. protection on Nov. 22. The filing cites on Dec. 14 at 11 a.m. To make inquiries, The tenant was represented by Judson estimated liabilities of $1,000,001 to email [email protected]; refer Realty.The landlord, 45 East 88th $10 million and estimated assets of to “PIN# B1969040/science supplies Street Co-Op, was represented by DEALS ROUNDUP $1,000,001 to $10 million. Among the and equipment” in the subject line. Joseph Aquino and Faith Hope Consolo creditors with the largest unsecured of Prudential Douglas Elliman’s Retail claims are Elise Investments PTY ● Department of Transportation Group. The asking rent was $300 per TRANSACTION SIZE LTD., owed $1,454,545.45; Sheila Requests proposals by 2 p.m. on Jan. 9 square foot. SELLER/TARGET (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE Easley, owed $700,000; and Tomcon, for transportation planning, owed $199,289.59. transportation engineering, urban Burill Venture Capital, $11,011.7 Gilead Sciences Inc. SB M&A design and related services. A deposit of STOCK TRANSACTIONS SV Life Sciences $50 in the form of a certified check or Advisers, Baker Brothers GOVERNMENT CONTRACT money order made payable to the New Following are recent insider transactions at Investments (Manhattan), OPPORTUNITIES York City Department of Transportation BlackRock Advisors, New York’s largest publicly held companies Horizon Technology is required to obtain bid and contract filed with the Securities and Exchange Finance Management, Following are selected contract documents. Ensure that your company’s Commission by executives and major Roche Venture Fund, opportunities recently announced by New address, telephone and fax numbers are shareholders. Listings are in order of T. Rowe Price Associates Inc., York City agencies.To learn how to sell submitted by your company or transaction value.The information was Visium Asset Management goods and services to city government, visit messenger service when picking up obtained from Thomson Reuters. (Manhattan)/ www.nyc.gov/selltonyc. For a searchable contract documents at 55 Water St., Pharmasset Inc. database of current procurement notices, Manhattan. To make inquiries, contact ● Bed Bath & Beyond Inc. (BBBY) Not disclosed/ $7,200.0 Kohlberg Kravis Roberts & Co. FB M&A visit www.nyc.gov/cityrecord. Listings are Ellen Zielinski at (212) 839-6478. Leonard Feinstein, co-chairman, Samson Investment Co. (Manhattan), NGP Energy Capital alphabetical by category and department. exercised options on 255,509 shares of Management, Itochu Corp., Crestview Partners (Manhattan) ● Health and Hospitals Corp. common stock at prices ranging from CONSTRUCTION SERVICES Seeks competitive sealed bids by 11 a.m. $37.51 to $41.35 between Nov. 17 and American Home $4,540.5 Alleghany Corp. (Manhattan) SB M&A ● Department of Correction on Dec. 15 for special-edition Nov. 18, in a transaction worth Assurance Co. (Manhattan), American International Seeks competitive sealed bids by 11 a.m. stethoscopes that are 10-karat-gold $10,455,911. During the same period, Group Inc. (Manhattan), on Dec. 27 for a mechanical plated. To make inquiries, contact he sold 255,509 shares of common stock BlackRock Inc., construction requirement contract on Nadine Patterson at (718) 616-4271 or at prices ranging from $60.03 to $60.79, JPMorgan Chase & Co., the east side of Rikers Island and Vernon [email protected]. in a transaction worth $15,514,085. He Davis Selected Advisers/ C. Bain Center in the Bronx. Bid now directly holds 2,150,680 shares. Transatlantic Holdings Inc. documents are available for $25 by (Manhattan) certified check or money order, made REAL ESTATE DEALS Warren Eisenberg, co-chairman, Coöperatieve Centrale $2,297.7 Safra Group asset management SB M&A payable to the: commissioner of finance. exercised options on 255,507 shares of Raiffeisen-Boerenleenbank B.A./ arm (Manhattan) (46.07%) Bid packages may be obtained in-person Companies that would like to have common stock at prices ranging from Bank Sarasin & Cie AG between the hours of 9 a.m. to 4 p.m. at details of their recent transactions appear $37.51 to $41.35 between Nov. 17 and BOS International $967.0 Brookfield Asset Management Inc., SB M&A DOC, Bulova Corporate Center, in these listings should email Nov. 18, in a transaction worth (Australia) Ltd./ The Goldman Sachs Group Inc. Central Office of Procurement, 75-20 descriptions following this format to $10,455,832. During the same period, BOS International (Manhattan) (Australia) Ltd. property Astoria Blvd., suite 160, East Elmhurst, [email protected], with he sold 255,507 shares of common stock loans in New Zealand Queens. To make inquiries, contact “Real estate transaction” in the subject at prices ranging from $60.03 to $60.79, Cassandra Dunham at (718) 546-0766 line, or enter them online at in a transaction worth $15,513,965. He BOS International $676.9 Morgan Stanley Real Estate Fund Inc. SB M&A (Australia) Ltd./ (Manhattan) or [email protected]. crainsnewyork.com/submitadeal. Deals are now directly holds 3,470,570 shares. BOS International listed in order of square footage. distressed property ● Department of Design and Construction ● Estée Lauder Cos. (EL) loans on a portfolio Seeks competitive sealed bids by 2 p.m. COMMERCIAL GRAT Remainder Trust exercised of 15 loans to Gold on Dec. 13 for construction of a ● Human Rights Watch renewed options on 100,000 shares of common Coast Properties maintenance building, a comfort station 46,000 square feet and took an stock at $43.10 between Nov. 14 and Not disclosed/ $64.1 Corporate Resources Services Inc. SB M&A and rain shelter at Ferry Point Golf additional 24,000 square feet for almost Nov. 15, in a transaction worth TS Staffing Corp. (Manhattan) Course in the Bronx. Bid documents are 14 years at the Empire State Building, $4,310,000. During the same period, it (Manhattan) available at www.nyc.gov/ddc. Contact 350 Fifth Ave. The firm will occupy space sold 130,000 shares of common stock at Angelo Gordon & Co. $44.3 Cole Real Estate Investments SB M&A Ben Perrone at (718) 391-2614. on the 33rd, 34th and 35th floors. prices ranging from $114.36 to $116.38, (Manhattan), Fulcrum Newmark Knight Frank’s Larry Bank, in a transaction worth $14,957,803. It Asset Advisors/ ● Department of Parks and Recreation Rick Kramer, Kenneth Kronstadt and now indirectly holds 535,410 shares. Caremark Tower II Seeks competitive sealed bids by 10:30 Brian Waterman represented the tenant. MF Global UK Ltd./ $41.9 JPMP Capital (Manhattan) (4.84%) FB M&A a.m. on Dec. 16 for the reconstruction of William Cohen and Ryan Kass, also of Fabrizio Freda, president, chief executive LME Holdings Ltd. the men’s and women’s locker rooms at Newmark Knight Frank, represented the and director, sold 44,237 shares of Not disclosed/ $5.3 Health Enterprise Partners GCI the Hansborough Recreation Center in landlord, W&H Properties. The asking common stock at prices ranging from eVariant (Manhattan) Manhattan. Bid documents are available rent was $55 per square foot. $114.02 to $115.78 on Nov. 14, in a Selected deals announced for the week ended Nov. 27 involving companies in metro New York. for a fee of $25 in the blueprint room, transaction worth $5,102,663. He now FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing Olmsted Center, Queens, from 8 a.m. to ● News Corp. signed a 15-year lease for directly holds 5,170 shares. shares of a company with the participation of a financial buyer. GCI: Growth capital investment 3 p.m. The fee is payable by company 9,000 square feet at 1211 Sixth Ave. The represents new money invested in a company for a minority stake. SB M&A: Strategic buyer ● M&A represents a minority or majority acquisition of existing shares of a company without the check or money order to the City of NY, tenant was represented by CBRE Group CBS Corp. (CBS) participation of a financial buyer. source: capitaliq Parks and Recreation. Contact Juan Inc.’s Tim Dempsey, Ken Rapp and Leslie Moonves, president, chief

December 5, 2011 | Crain’s New York Business | 25 20111205-NEWS--0026-NAT-CCI-CN_-- 12/1/2011 6:38 PM Page 1

REPORT SMALL BUSINESS

New York Area’s Top SBA Lenders LENDING ON THE MEND THE ECONOMY remains tumultuous, but healing is taking place. The total dollar Ranked by dollar value of loans in fiscal 2011 volume of local SBA-backed loans climbed 63% in fiscal 2011; loan volume rose 20%. Dollar value Dollar value Number Number SBA lending in the U.S. hit $30 billion, of loans of loans Percent of loans of loans Percent Rank Lender in fiscal 2011 in fiscal 2010 change in fiscal 2011 in fiscal 2010 change fueled by higher loan guarantees—passing the 2007 record of $28.5 billion. 1 Empire State Certified Development Corp. $147,120,000 $121,505,000 +21.1% 174 172 +1.2% Empire State Certified Development Corp., tops in dollar volume locally, grew 2 JPMorgan Chase Bank $108,644,100 $59,087,300 +83.9% 770 627 +22.8% lending by 21.1%, but the number of loans 3 NewBank $76,195,000 $31,050,000 +145.4% 82 57 +43.9% barely budged. Empire allocated funds 4 through the 504 loan program, which fuels Community National Bank $42,135,000 $18,077,500 +133.1% 42 32 +31.3% real estate purchases and construction. 5 BNB Bank $40,307,500 $40,385,000 -0.2% 38 64 -40.6% The average deal was $845,517. JPMorgan Chase remained No. 2, filling some of the 6 Nara Bank $22,740,000 $11,250,000 +102.1% 35 22 +59.1% demand for smaller loans. It delivered 7 Manufacturers and Traders Trust Co. $22,545,500 $14,852,700 +51.8% 143 92 +55.4% nearly 84% more funds through the 7(a) program; the number of loans rose to 770 8 BankAsiana $22,539,000 $19,450,000 +15.9% 38 29 +31.0% from 627. The average loan was $141,096. 9 Citibank $22,266,000 $9,359,700 +137.9% 73 26 +180.8% Top Five Lenders 10 TD Bank $22,154,700 $17,724,700 +25.0% 65 42 +54.8% By number of loans in fiscal 2011 11 Wilshire State Bank $19,226,700 $3,423,000 +461.7% 20 9 +122.2% JPMorgan Chase Bank 12 CheckSpring Bank $16,120,400 — n/m 10 — n/m 770 13 Newtek Small Business Finance Inc. $16,058,500 $10,866,900 +47.8% 17 18 -5.6% Empire State Certified Development Corp. 14 Live Oak Banking Co. $15,606,000 $2,520,000 +519.3% 16 4 +300.0% 174 15 Wells Fargo Bank $14,880,900 $8,537,300 +74.3% 26 24 +8.3%

16 New York Business Development Corp. $14,243,000 $13,344,500 +6.7% 48 34 +41.2% Manufacturers and Traders Trust Co.

17 CapitalSource Bank $11,261,000 $4,405,000 +155.6% 6 4 +50.0% 143 18 Noah Bank* $10,992,500 $8,000,000 +37.4% 15 7 +114.3% NewBank 19 Business Initiative Corp - New York $9,499,000 $5,601,000 +69.6% 8 6 +33.3% 82 20 HSBC Bank USA $8,664,000 $7,876,000 +10.0% 53 72 -26.4% Citibank 21 Shinhan Bank America $8,615,500 $5,360,000 +60.7% 15 16 -6.3% 73 22 Country Bank $8,575,000 — n/m 2 — n/m 23 KeyBank $7,192,100 $4,577,800 +57.1% 27 24 +12.5% 24 Loan Source Inc. $7,000,000 $2,550,000 +174.5% 7 3 +133.3% Total Number of Loans 25 Hana Small Business Lending Inc. $5,849,000 $500,000 +1,069.8% 6 1 +500.0% For all area lenders in fiscal 2011 26 Square 1 Bank $5,695,000 — n/m 3 — n/m 3,708 27 Home Loan Investment Bank $5,661,200 $3,217,500 +76.0% 7 3 +133.3% 28 CIT Bank $5,419,000 $3,020,700 +79.4% 5 3 +66.7% 29 Grow America Fund Inc. $5,233,500 $963,000 +443.5% 6 3 +100.0% 30 Indus American Bank $4,842,500 $11,352,500 -57.3% 9 12 -25.0% 2,090 1,739 31 Flushing Savings Bank $4,484,000 $5,650,000 -20.6% 10 9 +11.1% 1,251 32 1st Constitution Bank $3,900,000 $2,180,000 +78.9% 10 6 +66.7% 33 Empire State Bank $3,847,000 — n/m 8 — n/m 34 Sovereign Bank $3,762,500 $1,624,500 +131.6% 50 37 +35.1% 2008 2009 2010 2011 35 Access National Bank $2,738,400 — n/m 1 — n/m 36 Bethex Federal Credit Union $2,440,500 $869,000 +180.8% 18 7 +157.1% Total Dollar Volume For all area lenders in fiscal 2011, 37 Metro Bank $2,400,000 $1,130,500 +112.3% 1 2 -50.0% in millions 38 Celtic Bank Corp. $2,250,000 $1,803,500 +24.8% 1 2 -50.0% $789.0 39 Borrego Springs Bank $2,130,000 $325,000 +555.4% 7 12 -41.7% 40 New Jersey Business Finance Corp. $2,016,000 — n/m 1 — n/m 41 RBS Citizens $1,816,000 $1,015,500 +78.8% 16 14 +14.3% $561.8 $483.5 42 Woori America Bank $1,800,000 $2,850,000 -36.8% 2 4 -50.0% 43 Cross River Bank $1,550,000 — n/m 3 — n/m $359.2 44 Compass Bank $1,540,000 $2,087,800 -26.2% 2 3 -33.3% 45 Sterling National Bank $1,375,000 $1,546,000 -11.1% 11 9 +22.2%

The U.S. Small Business Administration’s New York district includes New York City and Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, Sullivan, Ulster and Westchester counties. Rankings are for the fiscal year ended Sept. 30, 2011. Figures include both banks’ 7(a) loans-loans to businesses unable to secure financing on reasonable terms through normal lending channels-and certified develop- 2008 2009 2010 2011 ment companies' 504 loans-long-term, fixed-rate financing for major fixed assets. In cases of tied figures in the dollar value of loans, lenders are listed alphabetically. n/m Not meaningful. *Formerly Royal Asian Bank.

26 | Crain’s New York Business | December 5, 2011 CRAIN’S

A SPECIAL ADVERTISING SUPPLEMENT

PHILANTHROPIC OPPORTUNITIES

CCNYBNYB Givingiving Guideuide 2011-FINAL.indd011-FINAL.indd 1 4 P 111/29/20111/29/2011 4:40:59:40:59 PMM 2011 GIVING GUIDEIDE | PHILANTHROPIC OPPORTUNITIESOPPORTUNITIES

A Message From Jill Kaplan The vast and diverse nonprofi t community is one that we at Crain’s New York Business salute. As an industry, it is critically important to our city, employing thousands of individuals who work tirelessly every day to make a difference in the causes and missions they support. And we salute our extraordinary business community, whose philanthropic contributions make an enormous difference week after week. We feel very proud when we hear that our Crain’s community has reacted to a story about a nonprofi t by opening up their wallets and donating their time. Crain’s is pleased to welcome you to our 2011 Giving Guide, a special advertising supplement to Crain’s New York Business that looks at the relationship between nonprofi ts and the business community. Our goal with this section is to help organizations to gain a better understanding about the benefi ts that a company can realize by becoming more actively engaged in philanthropy. In 2010, Epic Media Group was ranked by its employees as one of the Best Places to Work in New York City. Today we profi le Epic Media Group, a company that has seen how the power of philanthropy can boost morale, strengthen employee loyalty, and create a stronger connection to employees. We also highlight “giving” steps your company can take to become actively involved, as well as how philanthropy can benefi t your bottom line. The section points out that there are a multitude of alternative ways of helping nonprofi ts in addition to monetary contributions. One that I hear about often from nonprofi t executives is the importance of building a robust volunteer network. Encouraging employees to participate in volunteerism can help build your corporate culture and enhance employee morale. Crain’s hopes you and your company feel inspired to start a new relationship or enhance existing ones. Happy Holidays. Warmest regards,

V.P. & Publisher Crain’s New York Business

CRAIN’S Table of Contents

s4 Philanthropy is Good Business By Crystal and Michael Freed

s6 The Business Beneﬁ ts of Philanthropy By Tiffany Finley

PHILANTHROPIC s6 First Steps for Giving OPPORTUNITIES Provided by Rockefeller Philanthropy Advisors Participants

s3 Capital One s5 UJA Federation s7 ORT America, Inc. s8 Community Access s10 United Way of New York City Crain’s Giving Guide is produced by the marketing department of Crain’s New York Business. s12 Ronald McDonald House New York Designed by Marleen Adlerblum Design. www.adlerblumdesign.com YMCA of Greater New York For information about the section, or s14 to advertise in the 2012 guide, please contact Sheryl Rose at 212-210-0145 or [email protected] s16 Lincoln Center Corporate Fund

S2 A Special Advertising Supplement to Crain’s New York Business

CNYB Giving Guide 2011-FINAL.indd 2 11/29/2011 4:38:10 PM CN014786 11/16/11 2:30 PM Page 1

At Thurgood Marshall Academy for Learning and Social Change in Harlem, students are making change in a lot of different ways. Like Matenin Sangare, who was one of ten students who ran and operated a real Capital One Bank branch inside of her school and helped her peers learn about money - how to save it, grow it and spend it wisely.

Matenin Sangare Thurgood Marshall Academy for Learning and Social Change, Harlem, Graduating Class of 2011

Capital One Bank, Investing for Good in New York City, by helping youth prepare for a future of ﬁnancial security. 2011 GIVING GUIDE | PHILANTHROPIC OPPORTUNITIES

PHILANTHROPY IS GOOD BUSINESS How contributing your time, talent, and treasure can beneﬁ t your bottom line

By Crystal and Michael Freed

is an efﬁ cient mechanism to build and reinforce brand identity. Yoplait contributes to breast cancer research; Cheerios supports childhood reading; and your business can and should support causes that resonate and communicate how your business wants to be perceived with your customer base.

Philanthropic giving is good news about your company and will often garner “earned media,” which is generally more effective than paid advertising. Philanthropic outreach also earns a company repu- tation for being a good and responsible corporate citizen. This type of goodwill results in a beneﬁ t of the doubt when bad news or company crises arise.

Boost employee morale Philanthropy is also a powerful tool to boost employee morale. A great workplace creates a team atmosphere in which team members feel that they are a part of something bigger than transaction costs on an assembly line of corporate proﬁ t.

In the words of Ralph Waldo Emerson, “philanthropy is one of the most beautiful o business can fulfi ll its potential without compensations of this life that no man can sincerely try to help another without helping philanthropy. Philanthropy is not simply himself…” throwing change to a beggar or resources N Design a company philanthropy plan and permit to a group or cause; that is charity—helping to and encourage employees to support it with their time and talents and even treasure; a bond and support a temporary need. commitment will emerge that surpasses what can be accomplished with wages, hours, and working Philanthropy, on the other hand, is a deliberate Homelessness, for example, in addition to the conditions. plan to address—through the contribution of dehumanizing impact it has on the homeless time, talent, and treasure—specifi c societal needs themselves, can be a genuine drain on the business The “feel good” factor in such a manner that the need will, over time, community. Increased crime, concerns for safety, Philanthropy is a morale boost because, among diminish and ultimately be eradicated. This article and the allocation of tax dollars to programs to other things, it personally feels good. It feels good briefl y identifi es certain benefi ts of philanthropy. triage the homeless problem, are just a few of the to help people; it feels good to improve circum- negative impacts. stances; it feels good to do something constructive Build better communities That said, it makes good about social ills. Businesses benefi t from the A great workplace creates sense for businesses to stability of the communities a team atmosphere in devote some of their fi nan- The personal benefi ts are many, but may include in which they do business and which team members cial and people resources to confi dence, attitudinal lift, and improved also the quality of the avail- plans and programs designed emotional and even physical health. able workforce. Given this, al- feel that they are a part to eliminate homelessness truism aside, businesses have a of something bigger than and transform the homeless The bottom line is that philanthropy—in addi- fi scal responsibility to be good being transaction costs into contributing members tion to being the right thing to do morally—when stewards of their communities. of society. purposefully and effectively implemented, is good A defi ned plan for philanthro- on an assembly line of for your business and your personal bottom line.

py is the most effi cient manner corporate profi t. Build brand identity http://advantagebizmag.com/archives/6535 to fulfi ll that responsibility. Philanthropic outreach also Continues on page s6 S4 A Special Advertising Supplement to Crain’s New York Business

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YOU +UJA-FEDERATION GOOD TOGETHER

We’ve always believed in the power of community. It’s the only way we can feed the hungry, respond to families facing crisis, and connect the next generation of Jews to their Jewish identity in New York, in Israel, and around the world. Through the power of our network of agencies, synagogues, and other organizations, we can literally multiply your impact.

Today we’re more than 60,000 donors reaching 4.5 million people across 60 countries. Now that’s good together.

To learn more about how we’re good together, visit us at www.ujafedny.org. 2011 GIVING GUIDE | PHILANTHROPIC OPPORTUNITIES

impact the profi t-portion of a advertisement is better THE BUSINESS business’ bottom line. Epic’s Investing in strategic known as “cause marketing.” BENEFITS OF Chief Marketing Offi cer, philanthropic efforts can When companies connect Mike Sprouse, found that by connect a company to its with charities to aid them PHILANTHROPY connecting with employees own employees, customers, in their work, the company on a personal level, he could also receives the benefi t of It’s not just about the giving, but as well as future clients. how you give creates a stronger learn more about what was positive marketing from the important to each of them. relationship. connection to your employees and Leveraging this knowledge the community, and it reinforces to decide how to invest company philanthropic One of the chief misinterpretations of corporate long-term connections. dollars and volunteer time has immensely charitable giving is that it must always be in By Tiffany Finley enhanced the human face of their business. Large monetary form. Volunteering, event fundraising, companies continually struggle with employees and publicity are also ways in which a business, big pic Media Group is one of several becoming numbers in place of people. This simple or small, can help bring awareness to charitable corporations recognizing the value of switch can increase employee involvement, work in their community. Even small donations Ephilanthropic investments to improve retention, and productivity. can make a big impact on small organizations. So brand value and give back to the community. connecting the dots between employee interests, On the surface, this shift may point to improved By selecting 30 different charities to receive client investments, and strategic philanthropy can business ethics and morals, but below the surface fi nancial or other forms of aid, Epic was able to lead to healthier community relationships. While the business strategy is hard to miss. Investing focus only on those organizations where employees charities receive donations, companies receive in strategic philanthropic efforts can connect a were in some way involved. Connecting these dots positive publicity, strengthen ties with partners, company to its own employees, customers, and lead to the realization that clients and strategic and increase employee loyalty, making this a win- future clients. partners were also closely linked to these charities, win situation for the business and the community. increasing Epic’s visibility and strengthening This article originally appeared at http://www.triplepundit.com/2011/03/ Employee productivity, retention, and loyalty all their business relationships. This type of targeted business-benefi ts-philanthropy/

FIRST STEPS FOR GIVING Such motivations might include: Part of Rockefeller Philanthropy Advisors’ Philanthropy Roadmap series Family Legacy And Heritage This includes family history or cultural background, cities or regions, and issues that haritable giving can—and should—be a source have been important to older or younger of great satisfaction for donors who use their generations. Cresources to support organizations doing important Causes Or Affi liations work. It can also be a complex process with seemingly This includes specifi c concerns or activities you may have been touched by or involved endless options in approach, strategy, and execution. with, as well as other causes or affi liations with which you may wish deepen your connection or In creating a plan for giving, donors are be informed by your past experiences, stories become involved with for the fi rst time. faced with decisions about areas of interest, you see in the news or hear from others, the type of grant, length of commitment, and thoughts and insights of friends, family, and Values desired impact. In order to ensure that your colleagues. It is also helpful to read articles These are the social, cultural, political, or artistic philanthropy is meaningful and rewarding for or reports that deepen and expand your issues that you want to promote through your you or your business, it is important to examine understanding of the issues you might want your support. Donors can share their own experiences your goals, style, and values to fi nd the approach philanthropy to address. and lessons learned, which that will work best for you. By exploring your The areas on which you In order to ensure that your will help guide your inquiry. motivations and commitments, in consultation choose to focus could be Look for opportunities— with trusted advisors, you can develop the kind geographical, social, or philanthropy is meaningful open houses or other public of relationships with nonprofi t organizations specifi c to research or and rewarding for your events—to visit local that will fulfi ll your philanthropic goals. advancement topics. As business, it is important nonprofi ts involved in issues you engage in this process, to examine your goals, of interest to you in order to Step One keep in mind that many style, and values to fi nd the learn more about how they Refl ect on the interests and the kinds of donors design their giving to do their work and to see their organizations your company most admires. refl ect a variety of personal approach that will work programs in action. What are the issues or areas of charitable work motivations—the what and best for you. To read more about creating a roadmap for your that are most attractive? This exploration can why of giving. philanthropy, visit www.rockpa.org S6 A Special Advertising Supplement to Crain’s New York Business

CNYB Giving Guide 2011-FINAL.indd 6 11/29/2011 4:38:49 PM 2011 GIVING GUIDE | PHILANTHROPIC OPPORTUNITIES

2011 GIVING GUIDE | PHILANTHROPIC OPPORTUNITIES ORT America, Inc. Goals: ORT, the world’s largest global non-governmental education organization, works in 55 countries to educate and train more than 300,000 students annually. With a legacy over 131 years strong, ORT adapts to the competitive needs of global communities. OrganizationMission Name Statement: ORT America is a Jewish organization From Israel to Argentina to the United States and beyond, ORT offers students a superb education in innovative ﬁ elds such as: robotics, biochemistry telecommunications, renewable energy, medical reporting, and more. ORT committed to strengthening communities America seeks to partner with communities and listens to their needs. Through these partnerships, students, teachers throughout the world by educating people and educational professionals establish sustainable education that fosters ingenuity and greatness. We are the one against all odds and obstacles. organization which has bridged the gap between good intentions and great results.

Service Area: ● In the U.S. 80% of the class of 2011 is employed in their ﬁ eld of study. ORT America (www.ortamerica.org) is ● In Latin America, ORT Uruguay has become the largest private university in the country headquartered in New York City and serves as ● Since its launch in 2007, ORT’s Kadima Mada (Science Journey) Program, has revolutionized science the largest fundraising arm of World ORT (www. and technology education for over 45,000 students in 87 schools in communities with high levels of ort.org). In the United States, ORT sustains unemployment. training programs and colleges in Queens and Volunteer/Giving Opportunities: Brooklyn, NY; Chicago, IL; Detroit, MI; and Los With a strong three-star rating from Charity Navigator (the largest independent charity evaluator in the U.S.), Angeles, CA. ORT America is always looking for ambassadors who are passionate about education and its communal impact upon communities. Whether attending an event, participating in a mission to see our programs in action, or cultivating new ORT champions, we invite you learn more. Address: 75 Maiden Lane, 10th Floor, To ﬁ nd out how “ORT Works!” contact Geoges Berges (Nat’l Director of Corporate, Foundation Relations & New York, NY 10038 Special Projects) at 800-519-2678 Ext 224 or [email protected]. Phone: (212) 505.7700 or (800) 519.2678 Website: www.ORTamerica.org Top Sources of Funding ORT America Total Employees: 82 (by percent): Regional assignments Annual Revenue: $16 million (on average) Jewish Federation – 43% (via events) Year Established: 2007 (following a merger of American ORT America Regional assignments (via events) – 36% ORT(1922) and Women’s American ORT Donations/Legacies – 21% (1969)

Managing Executives: Shelley B. Fagel Alan E. Klugman (For a complete listing, please National President National Executive Director visit our website) John VerStandig Chair, National Executive Donations/Legacies Committee Board of Directors: Stuart Frankenthal Marilyn Eager (For a complete listing, please Vice President Vice President visit our website) Gail Lanznar Grace K. Mendelson Jewish Federation Vice President Treasurer

At ORT schools in the United States, 80% of the Class of 2011 are employed in their field of study, and Rachel Cohen is one of them.

ORT bridges the gap between good intentions and great results every day, as we have done for over 130 years. ORT educates over 300,00 students around the world every year.

Are you ready to join the education revolution?

For more details on becoming involved with ORT America, contact Georges Berges, National Director of Corporate, Foundation Relations & Special Projects at 212.547.9124 or [email protected].

Rachel Cohen, Graphic Designer

ORTamerica.org | twitter.com/ORTamerica | facebook.com/ORTamerica | [email protected]

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Mission Statement: Community Access assists people Community Access, Inc. with psychiatric disabilities in making the transition from shelters and institutions to independent living. We provide safe, affordable housing and support services, and we advocate for the rights of people to live without fear or stigma.

Service Area: New York City

Why Community Access Matters Address: 2 Washington Street, 9th Floor Every year, Community Access makes a big difference in the lives of nearly 2,000 people who are overcoming New York, New York 10004 mental illness and homelessness. We help get people off the streets, out of shelters and hospitals, and into safe, Phone: 212-780-1400 affordable homes. We invest in people’s unique talents and abilities—and strengthen the community—through Website: www.communityaccess.org job training, health and wellness programs, counseling, creative arts workshops, pet therapy, and so much more! Total Employees: Full-time: 241 Part-time: 22 Through all of these efforts, we empower individuals to understand that recovery is possible—and within reach. Annual Revenue: $23,385,148 Year Established: 1974 Of Note: We maintain a core value that at least 51% of our staff at all levels of the organization are or have been consumers Managing Executives: Steve Coe, of mental health services. For Community Access, being a resource for people with mental illness starts with Chief Executive Offi cer building a community within the organization that demonstrates inclusion and empowers people to use their life experiences and talents to help others. Board of Directors: Stephen H. Chase, Philipp Hecker, Head of President Strategy, Deutsche Bank PWM President, Clean Venture, Inc. Our affordable housing programs provide homes to over 1,100 individuals in Manhattan, Brooklyn, and the David Kuperberg, CEO, Bronx. Our programs enable people with mental illness to live side-by-side in buildings with working families. Catherine G. Patsos, Cooper Square Realty, Inc. By successfully blending together these populations, we reinforce real world Vice President experiences—and fi ght stigma—by helping residents celebrate this simple fact: Managing Member, The Law Barbara Malatesta, Community Advocate Offi ce of Catherine G. Patsos, we are all a part of the same community. LLC Mary M. Massimo, Ph.D., Senior Advisor and In partnership with Foothold Technology, Community Access co-created Jessica Catlow, Secretary Consultant, Human Resources AWARDS (Affordable Wide-Area Relational Database System), which has Attorney, Mintz, Levin, Cohn, become an industry standard software for behavioral health care providers. Ferris, Glousky and Popeo, P.C. Adil Nathani, Managing Principal, QMS Capital Ramesh Shah, Treasurer Management, LP With over 800 graduates since 1995, our Howie the Harp (HTH) job training Chairman Emeritus, WNS program has transformed the landscape of New York City’s behavioral health North America, Inc. Stephanie Nickerson, care workforce. HTH graduates are found in most New York City Department Ph.D., Instructional Merrie Frankel, Vice of Health and Mental Hygiene-funded programs working as peer specialists, Consultant President & Senior Credit case managers, vocational counselors, and in many other positions. Outcome Offi cer, Moody’s Investor Benjamin Panter, surveys indicate that 65% of graduates have full-time jobs with earnings that Services Associate, Kirkland and Ellis are at least three times above the poverty threshold, compared to 95% of LLP Sandra Gansberg, Vice incoming trainees who are earning less than $10,000 annually. President/Associate Broker, Karen Roth, Senior Prudential Douglas Elliman Director, NYC Health and We are a movement. We are pioneers. We are a proven solution to help Hospital Corporation (retired) James Golden, Director, individuals achieve their potential, overcome mental illness, and break the Joele Frank, Wilkinson Brimmer cycle of poverty and homelessness. Katcher Notable Awards and Recognition Cynthia B. Green, 2011: ● Top 10 Semifi nalist, New York Times Company Nonprofi t Excellence Awards Ph.D., Member of the Board, ● Governmental Accounting Supportive Housing Project Champion Award, Corporation for Supportive Housing ● Standards Board 2008: Robin Hood Foundation “John F. Kennedy, Jr. Hero Awards” to Community Access CEO, Steve Coe, and HTH Director, Dwayne Mayes, recognizing achievements in combating Strategic Advisor Anastasia P. Vournas, poverty in New York City. to the Board of Co-Founder, Uhrig-Vournas 2006: ● Brooklyn Chamber of Commerce Award for Excellence in Affordable Housing Development Directors: Ventures 2005: ● PBS Visionaries series hosted by Sam Waterston features Community Access as a model organization.

Join our Cause. Help us to Help Others. Community Access strives to be a place where individuals and families can come together for learning, support and opportunity. What we have learned, and continue to celebrate, is this simple fact: when people are given the opportunity to learn skills and tap into their innate abilities, a powerful transformation is triggered that beneﬁ ts the individuals, their families, and our community.

Creating life-changing opportunities is only possible with the support of caring individuals, companies, and foundations who believe that access to housing, education, employment, and health care are fundamental human rights. We invite you to join our cause to help us make an even bigger impact. When you give to Community Access, you make an investment to support your neighbors, your friends, your loved ones…yourself.

Top Sources of Funding Earned Income (by percent): Government – 70% Foundations/Corporations – 7% Individuals – 3% Earned Income – 20% Individuals

Foundations/Corporations

Government

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Mission Statement: United Way of New York City fi ghts United Way of New York City poverty across the fi ve boroughs. We design and invest in outcome-driven programs that ensure low-income New Yorkers have both a safety net and a springboard to a better life. We rigorously evaluate our work and use lessons learned to advance citywide policies and practices that support New Yorkers in overcoming poverty by improving educational outcomes, strengthening fi nancial stability, and promoting healthier lifestyles.

Address: 2 Park Avenue, Service Area: New York, NY 10016 New York City Phone: (212) 251-2500 Website: www.unitedwaynyc.org Goals: Total Employees: 92 United Way of New York City combats poverty at its roots by focusing on Education, Income, and Health – the Annual Revenue: $77,671,466 (FY 2011) building blocks of a better life. Year Established: 1938 In Education, we partner with educators and families to ensure that children from low-income neighborhoods are Managing Executives: Gordon J. Campbell, reading profi ciently by the time they complete third grade – a vital foundation for success in middle school and President & CEO beyond. We are also working to improve graduation rates in 60 underserved public schools through intensive Elwanda Young, academic, social, and emotional support for incoming 9th graders at high risk of dropping out. Senior Vice President & Chief Operating Offi cer In Income, United Way connects struggling New Yorkers to available benefi ts and work supports that can help them meet their daily living needs. We also provide fi nancial coaching to equip families with the money Jay Aronowitz, management skills needed to achieve long-term fi nancial stability. Senior Vice President & Chief Financial Offi cer In Health, United Way of New York City provides funding and technical assistance to more than 500 soup Jennifer Jones Austin, kitchens. We not only ensure that hungry New Yorkers are able to feed their families, we make sure that the food Senior Vice President, they get is the freshest, most nutritious food possible. Community Investment Kevin M. Taylor, Fundraising Events: Senior Vice President, Our signature fundraising events Institutional Advancement include the Gridiron Gala (May 2012) and the Women’s Leadership Council Board of Directors: Karen B. Peetz, Annual Awards Luncheon (March Board Chair 2012). Saundra Williams- Cornwell, Esq., Volunteer/Giving Opportunities: Vice Chair Because we believe that everyone has Donald F. Donahue, a role to play in creating pathways Treasurer out of poverty, we actively seek to engage caring New Yorkers as donors, Charles P. Wang, advocates, and volunteers. Investing in Secretary United Way of New York City’s work Members: Richard J. Buery, Jr. Robert J. Kueppers means making sure struggling New Yorkers get the support services they Susan L. Burden Terry J. Lundgren need right now, while contributing Joseph A. Cabrera Anish Melwani to real, sustainable change in our community. J. Emilio Carrillo, MD, Peyton Patterson MPH Carlos Sanchez United Way of New York City offers a wide variety of volunteer opportunities for individuals and companies. Our Harry D. Carson Michael J. BoardServeNYC initiative, for example, trains business professionals in nonprofi t governance, and then matches Anthony Carvette Schmidtberger them with local nonprofi t groups seeking new Board members. We also regularly arrange group volunteer projects and donation drives that match our corporate partners with local nonprofi ts in need of their assistance. Thomas S. Chen Jeff Sherman Marianne D. Cooper David H. W. Turner Stephen J. Dannhauser Karyn L.Twaronite Brendan Dougher Nancy Wackstein Gerald P. FitzGerald Cheryle Wills William K. Flemming Sheena Wright Rev. Dr. James A. Rudolph L. Wynter Forbes, Jr. Nancy Zimpher, Ph.D. Robert Friedman George B. Irish Top Sources of Funding Other Events (by percent): Individual/Corporate Giving – 60% Grants/Contracts – 35% Events – 3% Other – 2% Grants/Contracts

Individual/Corporate Giving

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NEW YORKERS ININ LIVESLIVES ININ POVERTYPOVERTY 11 55 Your investment in United Way helps change those odds.

United Way of New York City is fighting poverty across the five boroughs with evidence-based programs that help low-income individuals and families build better lives. JOIN US: We need your help. Give today, unitedwaynyc.org/donate facebook.com/unitedwaynyc GIVE. ADVOCATE.VOLUNTEER. twitter.com/unitedwaynyc youtube.com/unitedwaynyc LIVE UNITED 2011 GIVING GUIDE | PHILANTHROPIC OPPORTUNITIES

Mission Statement: Ronald McDonald House Ronald McDonald House New York provides a temporary “home-away- New York from-home” for pediatric cancer patients and their families. The House is a supportive and caring environment which encourages and nurtures the development of child-to- child and parent-to-parent support systems. Ronald McDonald House New York is the largest facility of its type in the world.

Service Area: Housing

Address: 405 East 73rd Street, Goals: New York, NY 10021 For a family traveling to New York City seeking life-saving treatment for their child’s cancer, stress, grief, and Phone: 212-639-0100 uncertainty are among the many burdens that they carry with them on their journey. Families come to New York Website: www.rmh-newyork.org with the hope that they will leave the House to begin a new life, leaving cancer behind. What our guests fi nd is Total Employees: 47 a gentle respite from their battle; a place fi lled with love, light, and the support of thoughtful staff and volunteers Annual Revenue: $15,682,000 who anticipate their every need. Year Established: 1978 At Ronald McDonald House New York, we provide a home-away-from-home in the truest sense for the more Managing Executives: William T. Sullivan than 25,000 families who have stayed with us, and continue to seek our shelter. President & Chief Executive Offi cer We hope that you will feel a sense of pride in knowing that you play a very important role in the story of Ronald Joseph Guidetti McDonald House New York, and participate in our Share a Night program where you can help provide a night of Chief Financial Offi cer relief for a family battling pediatric cancer. Board of Directors: Stanley B. Shopkorn Fundraising Events: Chairman Of The Board Light a Light, Share a Night: Milton R. Berlinski For more than 30 years, families staying at Ronald McDonald House New York have benefi ted from the generosity Vice Chairman of kind, compassionate supporters who recognize the fi nancial burden caused by cancer. Families staying at the House are asked for a donation of $35 per night; however, no family is turned away for their inability to pay. Harris Diamond Through our Share a Night program, millions of New Yorkers have helped to bridge the gap by providing much- Vice Chairman needed funds that help us to provide more than just simply shelter, but a true home-away-from-home for families Tina Lundgren from more than 70 countries worldwide. We hope you will join us as we celebrate our Share a Night program. Vice Chairman Richard J. O’Reilly, MD For more information on how you can help support a family’s stay at Ronald McDonald House New York, contact Vice President us at (212) 639-0100, or [email protected]. Peter L. Samaha Vice President Volunteer/Giving Opportunities: Community Group Giving – Ronald McDonald House® New York has many friends in the community that help George Simeone the House. Whether they contact us after seeing our Web site, or have been referred by another group that has Vice President/Finance Committee Chair had a positive experience here at the House, we treat each group as having the potential for doing great things for Shelly S. Friedman, Esq. the families. Secretary James F. Flanagan With an 84-room facility, that costs more than $200,000 per year to operate, the needs are great. With each point Treasurer of contact, we seek to engage organizations to be partners with the House to help us bridge the gap and meet our operational needs while supporting our families. In addition to the 250 volunteers who serve weekly as part of Team Ronald McDonald, we work with over 200 faith based, corporate and community groups to better serve the families at Ronald McDonald House New York.

While families are asked to provide a donation of $35 per night, the cost to operate the facility is more the $20,000 per night. The services provided by our volunteers helps to reduce the operating costs of the facility.

Board of Associates: Ronald McDonald House New York is currently recruiting for its Board of Associates volunteer committee. The Board of Associates is a non-policy making committee comprised of individuals of stature in the community who have access to resources of great value that further the House’s mission of providing a home away from home for families battling cancer. The committee relies on its members’ passionate creativity to coordinate individual- and team-based projects that will assist with fundraising, service to families residing at the House, social activities, and mentoring relationships.

If you’re seeking a challenging, highly visible opportunity to help spread awareness about this very important cause and contribute through either of these opportunities, please contact Richard Martin at rmartin@rmhnewyork.org, or 212-639-0206. For the Board of Associates, please include a resume or CV with your inquiry.

Top Sources of Funding Other Revenue (by percent): Public Support – 53.3% Special Events – 34.9% Other Revenue – 11.8%

Special Events

Public Support

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Ronald McDonald House® New York Light a Light! Share a Night!

More than 25,000 families have found shelter in the heart of New York City. Help a family battling cancer this season by donating $35 for a night’s stay at Ronald McDonald House New York.

405 East 73rd Street New York, NY 10021 www.rmh-newyork.org/crains www.twitter.com/rmhnewyork www.facebook.com/rmhnewyork 2011 GIVING GUIDE | PHILANTHROPIC OPPORTUNITIES

Mission Statement: YMCA of Greater New York The YMCA of Greater New York is a community service organization which promotes positive values through programs that build spirit, mind and body, welcoming all people, with a focus on youth.

Service Area: Youth development, healthy living and social responsibility

Address: Association Offi ce Goals: 5 West 63rd Street (6th Floor) $10 million New York, New York 10023 Phone: (212) 630-9600 Fundraising Events: Website: www.ymcanyc.org Total Employees: 4,000 The annual YMCA of Greater New York’s Dodge Dinner supports the Y’s diverse platform of Annual Revenue: $9,442,729 (2011 total fundraising) programs for youth and teens. The Dodge Award is presented each year to an individual who Year Established: 1852 epitomizes the tradition of altruistic humanitarian service that New York’s Dodge family has Managing Executives: Jack Lund, Paul Custer, demonstrated since helping to found New York City’s YMCA in 1852. President & Chief Executive Senior Vice President & Chief Offi cer Administrative Offi cer The Y’s annual Arts & Letters Reception benefi ts the Y’s After School Academy, which provides Michael Guarino, Connie Fishman, 15,000 New York City public school children enrichment in fundamental literacy skills and the Executive Vice President & Senior Vice President of Real Chief Financial Offi cer Estate arts fi ve days a week during the critical hours between 3 and 6 p.m. Rena McGreevy, Gary Laermer, Senior Vice President & Chief Senior Vice President & Chief Giving Opportunities: Operating Offi cer Development Offi cer New York City’s YMCA works Executive Committee Diana Taylor, Chair Janice Reals Ellig tirelessly to ensure that our of Board of Directors: Managing Director Co-Chief Executive Offi cer kids are healthy and safe. We Wolfensohn & Co. LLC Chadick Ellig, Inc. want their lives to always Glenn Lau-Kee, Michelle Y. Lee enjoy a sense of promise. Vice Chair Executive Vice President Partner Wells Fargo We encourage actions that Kee & Lau-Kee, PLLC Robert C. Lieber contribute not only to Sal Maglietta, Vice Chair Executive Managing Director reaching their own potential, Executive Vice President Island Capital Group, LLC but also to expanding the U.S. Bank A. Michael Lipper, John Wallis “Jack” CFA potential of the communities Rowe, MD, Vice Chair President in which they live. New York’s Professor, Columbia University Lipper Advisory Services, Inc. greatest natural resource is Mailman School Consuelo Mack Chairman & CEO (retired), people —especially young Anchor & Managing Editor Aetna WealthTrack people—and they need the Kevin Burke, Immediate Y and the support of the Strong Kids Campaign. Contributions to the Y’s Strong Kids Campaign Past Chair Timothy L. Porter Chief Client Relationship Chairman, President & CEO ensure that no child is turned away from life-enhancing programs because of inability to pay. Every Counsel Consolidated Edison, Inc. Proskauer Rose LLP gift counts because every kid counts. Give to the Strong Kids Campaign and you are contributing Michael C. Alfano, to the future of New York. DMD, PhD Seth H. Waugh Chief Executive Offi cer Executive Vice President Deutsche Bank Americas New York University Nancy Calderon Raymond H. Yu President Americas Region Chief Yuco Management, Inc. Administrative Offi cer KPMG

Top Sources of Funding Giving is broken out as follows: Individual Giving (by percent): OPERATING FUNDRAISING: $8,923,822 Total 2011 YMCA Fundraising: Corporations/Foundations – 64% $9,442,729 Individuals – 36% Corporations/Foundations – 61% CAPITAL FUNDRAISING: $428,290 Individual Giving – 39% Corporations/Foundations – 18.5% Individuals – 81.5% ENDOWMENT: Total: $90,617 Individuals: 100%

Corporations/Foundations

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Mission Statement: The Lincoln Center Corporate Lincoln Center Corporate Fund Fund enables corporations, related foundations, and professional ﬁ rms to provide essential unrestricted support to ten world-class organizations resident at Lincoln Center.

Service Area: The Lincoln Center Corporate Fund contributes to the overall mission of Lincoln Center, primarily serving the tri-state metropolitan New York region.

Address: 70 Lincoln Center Plaza The Lincoln Center Corporate Fund sustains ten of the resident organizations that comprise Lincoln New York, New York 10023 Center, a premier performing arts center and one of New York City’s most important cultural Phone: 212.875.5430 institutions. The Corporate Fund is the sole organization mandated to raise unrestricted funds from Website: LCCorporateFund.org the corporate sector for The Metropolitan Opera, New York Philharmonic, The Juilliard School, New Total Employees: 5 York City Ballet, Film Society of Lincoln Center, The Chamber Music Society of Lincoln Center, Annual Revenue: $5,000,000 Year Established: 1969 Lincoln Center Theater, The School of American Ballet, Jazz at Lincoln Center, and Lincoln Center for the Performing Arts. The goal is to raise $5 million by June 30, 2012. Managing Executives: Arlene Graime Director On a deeper level, funding from the Corporate Fund supports each resident organization in developing and offering critical public programs to all throughout New York City. Additionally, the monies Board of Directors: Committee Chair: provide the general public with access to performances as well as develop the next generation of arts Steven Swartz patrons through educational programming that reaches New York City’s children and students. Hearst Corporation

Committee Members: Lincoln Center impacts the lives of residents in all fi ve boroughs, Long Island, New Jersey, and Connecticut. The organization continues to play a vital role as the cultural center of New York City Robert F. Arning KPMG LLP to some fi ve million visitors each year. Educational programming and materials are produced for over William E. Mitchell one million students and 14,000 educators annually. Currently, there are 9,000 individuals employed at Keith T. Banks Sequel Capital Management, Bank of America Private LLC Lincoln Center in full and part-time work. Wealth Management Bruce E. Mosler Angelica Cantlon Cushman & Wakefi eld, Inc. Fundraising Events: International Flavors & The 8th Annual Lincoln Center Business Council’s Business Leadership Award Breakfast, will be held Fragrances Narendra P. Mulani Accenture on March 14 at TheTimesCenter. The second fund raising event, The First Annual Lincoln Center Richard A. Cirillo, Corporate Fund Golf Tournament, is taking place on Monday, May 14, at Liberty National Golf Club Esq. Charles F. Niemeth, King & Spalding LLP Esq. in Jersey City, NJ. The 39th Annual Real Estate and Construction Council Gala is on Thursday, May Baker & McKenzie LLP David A. Coulter 17, in the Damrosch Tent at Lincoln Center. The Business Council will hold a spring networking Warburg Pincus LLC Douglas L. Paul event focused on cultivating rising, corporate executives, as well as host its Eighth Annual Dizzy’s Club Credit Suisse Securities Thomas H. Glocer (USA) LLC Coca-Cola Event in June. Thomson Reuters Ernesta G. Procope Richard A. E.G. Bowman Co., Inc. Volunteer/Giving Opportunities: Goldstein Thomas A. Renyi The Lincoln Center Corporate Fund offers its donor companies a wide range of attractive benefi ts Maurice R. BNY Mellon such as: corporate venue rental discounts, invitations to Lincoln Center events, and discounted tickets Greenberg for employees and their families. Our corporate members enjoy one of the most extensive benefi ts C.V. Starr and Co. William R. Rhodes Citigroup, Inc. packages to not just one, but ten premier performing arts organizations’ performances, events, and David Hansen venues at Lincoln Center. Numara Software Janet L. Robinson The New York Times David W. Heleniak Company Morgan Stanley Michael I. Roth Robert A. Iger Interpublic Group The Walt Disney Company Sir Howard Jill Kaplan Stringer Crain’s New York Business Sony Corporation Eric G. Knauss Kenneth L. Wyse Lazard Wealth Management PVH Corp. LLC James D. Zirin, Esq. Charles G. Ludmer Sidley Austin LLP J.H. Cohn LLP Peter L. Malkin, Esq. Malkin Holdings, LLC Top Sources of Funding Miscellaneous Individuals/ (by percent): Foundations Corporate – 80% Miscellaneous Individuals/Foundations – 20%

Corporate

S16 A Special Advertising Supplement to Crain’s New York Business

CNYB Giving Guide 2011-FINAL.indd 16 11/29/2011 4:40:07 PM CN014782 11/16/11 2:29 PM Page 1

Lincoln Center supports New York City. Does your corporation support Lincoln Center?

Lincoln Center generates more than $3.4 billion for New York City. With one gift to the Lincoln Center Corporate Fund, your company contributes to 10 world-renowned arts organizations and plays a part in supporting their artistic, educational, and community programming.

In gratitude, your company, employees, and clients will receive beneﬁts which include: discount tickets for employees, access to backstage tours and rehearsals, exclusive concierge ticket service, company listing in all Lincoln Center Playbills, priority booking access for corporate events and more.

To learn more, contact: Arlene Graime, Director [email protected] 212.875.5467 or visit our website: LCCorporateFund.org

The Business You Want To Be In.

REAL ESTATE PUBLIC & LEGAL NOTICES NOTICE OF FORMATION OF The Notice of Qualification of ICON Notice of Qualification of NRG Energy Notice of Qualification of USPF IV AUCTION Wilderness of Manitoba/tinyOGRE, Northern Leasing 11, LLC. Authority Services Group LLC. Authority filed Laurel Retail GP LLC. Authority filed LP. Application for Authority filed filed with Secy. of State of NY (SSNY) with NY Dept. of State on 11/10/11. with NY Dept. of State on 8/19/11. with the Secretary of State of New on 11/02/11. Office location: NY Office location: NY County. Princ. bus. Office location: NY County. Princ. York (SSNY) on May 20, 2011. Office County. LLC formed in Delaware (DE) addr.: 211 Carnegie Ctr., Princeton, NJ bus. addr.: Two Ravina Dr., Ste. 400, location: NEW YORK County. LP on 02/02/11. Princ. office of LLC: 08540. LLC formed in DE on 10/28/10. Atlanta, GA 30346. LLC formed in formed in DE on November 29, 2010. ICON Capital Corp., 100 Fifth Ave., 4th NY Sec. of State designated agent of DE on 7/19/11. NY Sec. of State SSNY has been designated as an Fl., NY, NY 10011. SSNY designated LLC upon whom process against it designated agent of LLC upon whom agent upon whom process against it as agent of LLC upon whom process may be served and shall mail process process against it may be served may be served. The Post Office against it may be served. SSNY shall to: c/o CT Corporation System, 111 and shall mail process to: CT address to which the SSNY shall mail mail process to the LLC at the addr. of 8th Ave., NY, NY 10011, regd. agent Corporation System, 111 8th Ave., a copy of any process against the LP its princ. office. DE addr. of LLC: 2711 upon whom process may be served. NY, NY 10011. DE addr. of LLC: The served upon him/her is: 276 Fifth Centerville Rd., Ste. 400, Wilmington, DE addr. of LLC: 1209 Orange St., Corporation Trust Co., 1209 Orange Avenue, Suite 604, New York, NY DE 19808. Arts. of Org. filed with Secy. Wilmington, DE 19801. Cert. of Form. St., Wilmington, DE 19801. Cert. of 10001. The principal business of State of DE, Div. of Corps., John G. filed with DE Sec. of State, 401 Form. filed with DE Sec. of State, address of the LP is: 276 Fifth Townsend Bldg., 401 Federal St., Ste. Federal St., Dover, DE 19901. 401 Federal St., Dover, DE 19901. Avenue, Suite 604, New York, NY 4, Dover, DE 19901. Purpose: Any Purpose: all lawful purposes. Purpose: all lawful purposes. 10001. DE address of LP is: 2711 lawful activity. Centerville Road, Suite 400, Notice of formation of SHER Notice of Formation of HARTZ Wilmington, DE 19808. Certificate of Notice of Qualification of IMG College, TREMONTE LLP. Arts. of Org. filed ENERGY CAPITAL, LLC. Arts. of Org. LP filed with Secretary of State of LLC. Authority filed with NY Dept. of with Secy. Of State of N.Y. on 11/3/11. filed with Secy. of State of NY DE located at: 401 Federal Street, State on 9/15/11. Office location: NY Office location: NY County. SSNY (SSNY) on 10/18/11. Office location: Suite 4, Dover, DE 19901. Purpose: County. Princ. bus. addr.: 1360 E. 9th designated as agent of LLP upon NY County. Princ. office of LLC: any lawful act or activity. St., Cleveland, OH 44114. LLC formed whom process against it may be Timothy P. Terry, 667 Madison Ave., in DE on 10/8/10. NY Sec. of State served. SSNY shall mail process to 24th Fl., NY, NY 10065. SSNY Notice of Formation of Limited designated agent of LLC upon whom principal business location: 41 designated as agent of LLC upon Liability Company (LLC) Name: AP process against it may be served and Madison Avenue, 41st Fl., NY, NY whom process against it may be CAPITAL MANAGEMENT, LLC. shall mail process to: c/o CT Corporation 10010. Purpose: Any lawful activity. served. SSNY shall mail process to Articles of Organization filed by the System, 111 8th Ave., NY, NY 10011, the LLC at the addr. of its princ. Department of State of New York on: regd. agent upon whom process may XRS OPERATING L.P., a domestic office. Purpose: Any lawful activity. 10/04/2011. Office location: County be served. DE addr. of LLC: The Limited Partnership (LP) filed with TELECOMMUNICATIONS of New York. Purpose: any and all Corporation Trust Co., 1209 Orange the Sec of State of NY (SSNY) on Notice of Formation of LONGSON lawful activities. Secretary of State of St., Wilmington, DE 19801. Cert. of 7/22/11. NY office Location: New ESTATE GROUP, LLC. Articles of New York (SSNY) designated as Form. filed with DE Sec. of State, York County. SSNY is designated as Organization filed with the Secretary NYC'S MOTOROLA agent of LLC upon whom process 401 Federal St., Dover, DE 19901. agent upon whom process against of State of NY (SSNY) on 11/15/2011. MOTOTRBO SPECIALISTS against it may be served. SSNY shall Purpose: all lawful purposes. the LP may be served. SSNY shall Office location: NEW YORK County. mail copy of process to: 75 Broad mail a copy of any process against SSNY has been designated as agent Street #24 Fl New York, NY 10004. Notice of Formation of william herbst the LP served upon him/her to The upon whom process against it may group llc. Arts of Org. filed with NY LP, c/o XRS Management Inc., Attn: be served. The Post Office addess to 77 NY @ 46 ST, LLC, a foreign Limited Secy of State (SSNY) on 3/18/11. Donald F. Healy, 244 E. 53rd St., NY, which the SSNY shall mail a copy of Liability Company (LLC) filed with the Office location: New York County. NY 10022. Latest date to dissolve any process against the LLC served Sec of State of NY (SSNY) on 9/27/11. SSNY is designated as agent of llc 12/31/2050. General purposes. upon him/her is: 21 BENNET AVE, NY office Location: New York County. upon whom process against it may # 43, NEW YORK, NY, 10033. SSNY is designated as agent upon be served. SSNY shall mail process NOTICE OF FORMATION OF: Sarma Purpose: any lawful act or activity. whom process against the LLC may to 211 East 51st St. Eleven D, New Holdings UWS, LLC. Arts of Org filed be served. SSNY shall mail a copy York, NY, 10022. Purpose: Any law- with Sec of State of NY (SSNY) on NOTICE OF FORMATION of ZOE INT. of any process against the LLC served ful activity. 10/06/2011. Office location: NY LLC. Articles of Organization filed upon him/her to David Glassman Esq, County. SSNY is designated as agent with Secretary of State of New York 49 W 24th St 3rd Fl, NY, NY 10010. Notice of Formation of The Reynard upon whom process against LLC may (SSNY) on 10/11/2011. Office General purposes. Group, LLC. Arts. of Org. filed with be served. SSNY shall mail a copy of location: NY County. SSNY has SSNY on 08/18/11. Office location: NY any process against LLC to: 56 been designated as an agent upon Notice of Formation of 382 3rd FL LLC. County. SSNY designated as agent Charles St., #2, New York, NY 10014. whom process against the LLC may Arts. of Org. filed with Secy. of State upon whom process may be served Purpose: any lawful act or activity. be served. The address to which of NY (SSNY) on 08/25/11. Office and shall mail process to: United SSNY shall mail a copy of any location: NY County. Princ. office of States Corporation Agents, Inc., 7014 NOTICE OF FORMATION OF process against the LLC is to: ZOE 33 East 33rd Street LLC: 666 Broadway, 12th Fl., NY, NY 13th Ave., Ste. 202, Brooklyn, NY JASMONOIDES LLC. Arts of Org filed INT. LLC 142 West 83rd Street, New New York, NY 10016 10012. SSNY designated as agent of 11228. Purpose: any lawful activity. with the Secy of State of NY (SSNY) York, NY 10024. Purpose: To 212-532-7400 LLC upon whom process against it www.metrocomradio.com on 06/27/11. Office loc: NY Cty. SSNY engage in any lawful act or activity. may be served. SSNY shall mail NOTICE of formation of Sander designated as agent upon whom process to Andrews Building Corp., Rabin MD JD PLLC. Arts of Org filed process may be served and shall mail Notice of Formation of 74 Wooster Attn: Eugene Andrews or Naomi w/Sec of State of NY on 9/21/11. process to: c/o United States Corpo- Holding, LLC. Articles of Organization PUBLIC & LEGAL Cahana-Andrews at the princ. office of Office location: NY County. Business ration Agents, Inc. 7014 13th Ave, Ste filed with Secy. of State of NY (SSNY) the LLC. Purpose: Any lawful activity. Filings Inc 187 Wolf Rd Ste 101 202 Bklyn, NY 11228. Principal busi- on 11/01/11. Office loc.: New York Co. SSNY designated as agent of NOTICES BKC RENAISSANCE, LLC, a domestic Albany NY 12205 designated as ness address: 330 East 38th St, NY, agent for service of process against NY 10016. Purpose: any lawful acts. LLC upon whom process against it Limited Liability Company (LLC), filed may be served. SSNY shall mail Notice of Qualification of 150 Fourth with the Sec of State of NY on 10/6/11. PLLC and shall mail copy to Sander NOTICE OF FORMATION OF: Sarma process to the LLC, 27 Howard Avenue, LLC. Authority filed with NY NY Office location: New York County. Rabin at principal business address: Holdings WV, LLC. Arts of Org filed Street, Unit 5, New York, NY 11013. Dept. of State on 11/1/11. Office SSNY is designated as agent upon 1350 Broadway Suite 2500 NY NY with Sec of State of NY (SSNY) on Purpose: any lawful act or activity. location: NY County. LLC formed in whom process against the LLC may 10018. Purpose: any lawful activity. DE on 10/28/11. NY Sec. of State 9/22/2011. Office location: NY be served. SSNY shall mail a copy of Notice of Formation of Makes Sense! designated agent of LLC upon whom Notice of Formation of ARC Water County. SSNY is designated as agent any process against the LLC served LLC. Arts. Of Org. filed with NY process against it may be served Front Group LLC. Arts. of Org. filed upon whom process against LLC may upon him/her to Robert E. Michael & Dept. of State on 10/11/11. SSNY and shall mail process to: c/o CT with Secy. of State of NY (SSNY) on be served. SSNY shall mail a copy of Assoc. PLLC, 950 3rd Ave., Ste. 2500, designated agent of LLC upon whom Corporation System, 111 8th Ave., NY, 12/13/2007. Off. loc.: NY Co. SSNY any process against LLC to: 56 NY, NY 10022. General Purposes. process against it may be served NY 10011, regd. agent upon whom designated as agent of LLC upon Charles St., #2, New York, NY 10014. and shall mail process to c/o General process may be served. DE address Notice of Formation of HUDSON whom process against it may be Purpose: any lawful act or activity. Counsel, 6 E 43rd Street, FL 24, NY, of LLC: 1209 Orange St., Wilmington, CITYPOINT LLC. Arts. of Org. filed served. SSNY shall mail process to Notice of Formation of Commanders NY 10017. Primary place of business DE 19801. Cert. of Form. filed with DE with Secy. of State of N.Y. (SSNY) on the LLC, 240 Riverside Blvd., #28B, of the Board LLC. Arts. of Org. filed is 6 E 43rd Street, NY, NY 10017. Sec. of State, 401 Federal St., Dover, 3/26/10. Office location: New York New York, NY 10069. Purpose: any with Secy. of State of NY (SSNY) on Purpose: Any Lawful Purpose. DE 19901. Purpose: all lawful purposes. County. SSNY designated as agent of lawful act or activity. LLC upon whom process against it 10/26/11. Office location: NY County, PWAOD LLC, a domestic LLC. Arts. may be served. SSNY shall mail NOTICE OF FORMATION OF Scan SSNY designated as agent of LLC Notice of formation of DELDOR of Org. filed with the SSNY on process to: The LLC, 826 Broadway, Studios LLC. Arts of Org filed with upon whom process against it may be LASER CENTER LLC. Arts of Org. 11/14/2011. Office location: NY 11th Floor, New York, NY 10003. the Secy of State of NY (SSNY) on served. SSNY shall mail process to filled with Secy of State of NY (SSNY) County. SSNY has been designated Purpose: any lawful activity. 9/12/11. Office loc: NY Cty. SSNY the LLC, c/o Renee Yarzig, 160 on 10/19/11. Office location: NY as agent upon whom process against has been designated as agent upon Riverside Blvd., Ste. 17C, New York, NY County. SSNY designated as agent the LLC may be served. SSNY shall NOTICE OF QUALIFICATION of whom process may be served and 10069. Purpose: any lawful activity. of LLC upon whom process against mail process to: 244 5th Ave, Ste Gemini Hospitality Management, LLC. shall mail a copy of any process to it may be served. SSNY shall mail 2541, NY, NY 10001. Reg Agent: Authority filed with Secy. of State of NY the principal business address: 817 Notice of Qualification of RM-36 process to: The LLC, 109 East 36th Allen M. Harvey, CPA, 915 Broadway, (SSNY) on 10/11/11. Office location: Broadway, Suite 1019, New York, NY Operating LLC. App. for Auth. filed Street, first floor, NY, NY 10016. Ste 1209, NY, NY 10010. Purpose: NY County. LLC formed in Delaware 10006. Purpose: any lawful acts. with Secy. of State of NY (SSNY) on Purpose: any lawful activity. Any Lawful Purpose. (DE) on 10/04/11. SSNY designated 10/3/11. Office location: NY County. as agent of LLC upon whom process Notice of Formation of 666 PH LLC. LLC formed in Delaware (DE) on Notice of Qual. of Sydell Group LLC, Notice of Formation of GEN Y CAPITAL against it may be served. SSNY shall Arts. of Org. filed with Secy. of State 8/31/11. SSNY designated as agent Auth. filed Sec’y of State (SSNY) PARTNERS I LLC. Arts. of Org. filed mail process to: William T. Obeid, c/o of NY (SSNY) on 08/25/11. Office of LLC upon whom process against it 6/22/11. Office loc.: NY County. LLC with Secy. of State of NY (SSNY) on Gemini Real Estate Advisors, LLC, 200 location: NY County. Princ. office of may be served. SSNY shall mail org. in DE 5/25/11. SSNY desig. as 11/04/11. Office location: NY County. Park Avenue South, Suite 1305, New LLC: 666 Broadway, 12th Fl., NY, NY process to: c/o United Corporate agent of LLC upon whom process SSNY designated as agent of LLC York, NY 10003. DE address of LLC: 10012. SSNY designated as agent of Services, Inc. (UCS), 10 Bank St., against it may be served. SSNY shall upon whom process against it may be c/o National Registered Agents, Inc., LLC upon whom process against it Ste. 560, White Plains, NY 10606. DE mail copy of proc. to NRAI, 875 Ave served. SSNY shall mail process to 160 Greentree Drive, Suite 101, Dover, may be served. SSNY shall mail address of LLC: c/o UCS, 874 Walker of the Americas, NY, NY 10001. DE Lowenstein Sandler PC, Attn: Peter Delaware 19901. Cert. of LLC filed process to Andrews Building Corp., Road, Ste. C, Dover, DE 19904. Arts. off. addr.: 160 Greentree Dr., Ste. 101, D. Greene, Esq., 1251 Ave. of the with DE Secy. of State, 401 Federal St., Attn: Eugene Andrews or Naomi of Org. filed with DE Secy. of State, Dover, DE 19904. Cert. of Form. on Americas, NY, NY 10020. Purpose: Ste. 4, Dover, DE 19901. Purpose: Cahana-Andrews at the princ. office of Townsend Bldg., Dover, DE 19901. file: SSDE, Townsend Bldg., Dover, DE Any lawful activity. any lawful activity. the LLC. Purpose: Any lawful activity. Purpose: any lawful activity. 19901. Purp.: any lawful activities.

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PUBLIC & LEGAL NOTICES

Notice of Qualification of COMCAST Notice of Qualification of ASTAR NOTICE OF FORMATION OF A Notice of Qualification of 195 Notice of Formation of GB CENTRAL CABLE COMMUNICATIONS CAPITAL GROUP, LLC. Authority DOMESTIC LIMITED LIABILITY Broadway Owner LLC. Authority filed PARKING LLC. Arts. of Org. filed with MANAGEMENT, LLC. Authority filed filed with Secy. of State of NY (SSNY) COMPANY (LLC). The name of the with NY Dept. of State on 10/25/11. Secy. of State of NY (SSNY) on with Secy. of State of NY (SSNY) on on 11/09/11. Office location: NY LLC is S & J Property Holdings, LLC. Office location: NY County. Princ. 11/15/11. Office location: NY County. 11/14/11. Office location: NY County. County. LLC formed in Delaware (DE) The Articles of Organization of the bus. addr.: 150 E. 52nd St., 25th Fl., Princ. office of LLC: 7 Penn Plaza, LLC formed in Delaware (DE) on on 10/31/11. Princ. office of LLC: LLC were filed with the New York NY, NY 10022. LLC formed in DE on Ste. 618, NY, NY 10001. SSNY 08/24/09. SSNY designated as agent 152 W. 57th St., 52nd Fl., NY, NY State Secretary of State on November 6/17/11. NY Sec. of State designated designated as agent of LLC upon of LLC upon whom process against it 10019. SSNY designated as agent of 16, 2011. The purpose of the LLC is agent of LLC upon whom process whom process against it may be may be served. SSNY shall mail LLC upon whom process against it to engage in any lawful act or activity. against it may be served and shall served. SSNY shall mail process to process to c/o CT Corporation System, may be served. SSNY shall mail The office of the LLC is to be located mail process to: c/o CT Corporation the LLC, c/o The Feil Organization at 111 Eighth Ave., NY, NY 10011, regd. process to Attn: Dana Eagleton at the in New York County. The Secretary System, 111 8th Ave., NY, NY 10011, the princ. office of the LLC. Purpose: agent upon whom and at which princ. office of the LLC. DE addr. of of State is designated as the agent of regd. agent upon whom process may Any lawful activity. process may be served. DE addr. of LLC: 2711 Centerville Rd., Ste. 400, the LLC upon whom process against be served. DE addr. of LLC: 1209 LLC: 1201 N. Market St., Ste. 1000, Wilmington, New Castle Cnty., DE the LLC may be served. The address Orange St., Wilmington, DE 19801. NOTICE OF QUALIFICATION OF Wilmington, DE 19801. Arts. of Org. 19808. Arts. of Org. filed with Jeffrey to which the Secretary of State shall Cert. of Form. filed with DE Sec. of NuVel Technica, LLC. Arts. of Org. filed with DE Secy. of State, 401 W. Bullock, Secy. of State of DE, 401 mail a copy of any process against State, 401 Federal St., Dover, DE filed with Secy. of State of NY (SSNY) Federal St., Dover, DE 19901. Federal St. - Ste. 4, Dover, DE the LLC is c/o Brad M. Kaplan, Esq., 19901. Purpose: all lawful purposes. on 08/16/11. Office in NY County. Purpose: Management company. 19901. Purpose: Any lawful activity. 30 Montgomery Street, Jersey City, NJ Formed in NJ: 09/2010. SSNY desig- 07302. The LLC is to be managed by Notice is hereby given that a license, nated as agent of LLC upon whom NOTICE OF QUALIFICATION of Notice of Qualification of FAMECO one or more managers or a class or number 1258894 for Beer and Wine process against it may be served. Bespoke Jewel Finder, LLC. App for LLC. Authority filed with NY Dept. of classes of managers. has been applied for by the SSNY shall mail process to LLC: Authority filed with the Secy of State of State on 10/12/11. Office location: NY undersigned to sell Beer and Wine at 1005 80th St, North Bergen, NJ New York (SSNY) on 8/15/11. Office County. LLC formed in DE on 7/14/06. Notice of Formation of Jon Kilmer retail in a restaurant under the 07047. Purpose: any lawful activity. location: NY County. LLC formed in NY Sec. of State designated agent Studios, LLC. Arts. of Org. filed with Alcoholic Beverage Control Law at 97 DE on 7/26/11. SSNY designated as of LLC upon whom process against NY Dept. of State on 10/20/2011. LLC Trinity Place, New York, NY 10006 for Name of LLC: AlShamsi Capital LLC. an agent upon whom process may be it may be served and shall mail formation on 11/1/2011. Office location: on premises consumption. 97 Trinity Arts. of Org. filed with NY Dept. of served and shall mail a copy of any process to the principal business NY County. Sec. of State designated Place d/b/a Sabor De Mexico State: 10/27/11. Office loc.: NY Co. process to the principal business addr.: 150 E. 58th St., NY, NY 10155. agent of LLC upon whom process Sec. of State designated agent of address: 360 E. 88 St., #12B, NY, NY DE addr. of LLC: National Registered against it may be served and shall NOTICE OF FORMATION OF LIMITED LLC upon whom process against it 10128. Cert. filed with Secy of State Agent, Inc., 160 Greentree Dr., Ste. mail process to: Jonathan W. Kilmer, LIABILITY COMPANY. NAME: DOG may be served and shall mail process of DE: 401 Federal St., #3, Dover, DE 101, Dover, DE 19904. Cert. of Form. 277 Ave. C, Apt. 7A, NY, NY 10009, BITE ADVERTISING, LLC. Articles of to: c/o Business Filings Inc., 187 Wolf 19901. Purpose: any lawful act. filed with DE Sec. of State, regd. agent upon whom process may Organization were filed with the Rd., Ste. 101, Albany, NY 12205, Townsend Bldg., Dover, DE 19901. be served. Term: until 1/1/2041. Secretary of State of New York (SSNY) regd. agt. upon whom process may NOTICE OF FORMATION of Purpose: all lawful purposes. Purpose: all lawful purposes. on 10/14/11. Office location: New York be served. Purpose: any lawful act. REFERENCE FRAME LLC. Arts. of Org. County. SSNY has been designated as filed w/ Sec. of State of NY (SSNY) on Notice of Qual. of Andor Opportunity, NOTICE OF FORMATION OF OFFICE Notice of Formation of INDUSTCO FOR VISUAL AFFAIRS LLC. Arts of agent of the LLC upon whom process 8/25/2011. Office in NY County. SSNY L.L.C., Auth. filed Sec’y of State (SSNY) against it may be served. SSNY shall ALLIED LLC. Arts. of Org. filed with designated as agent upon whom 6/20/11. Office loc.: NY County. LLC Org filed with the Secy of State of NY Secy. of State of N.Y. (SSNY) on (SSNY) on 06/21/11. Office loc: NY mail a copy of process to the LLC, c/o process against the LCC may be org. in DE 2/23/11. SSNY desig. as Proner & Proner, 60 East 42nd Street, 9/28/11. Office location: New York served. SSNY shall mail process to agent of LLC upon whom process County. SSNY designated as agent County. SSNY designated as agent of upon whom process may be served New York, New York 10165. Purpose: the LLC, 510 W. 135th Street, RM 9, against it may be served. SSNY shall For any lawful purpose. LLC upon whom process against it NY, NY, 10031. Purpose of LLC: Any mail copy of proc. to Att: Daniel and shall mail process to: 299 may be served. SSNY shall mail lawful activity. Benton, 1330 Ave of the Americas, Broadway, Ste 1305, NY, NY 10007. Avenue of Admissions LLC Articles of process to: c/o Signature Urban 24th Fl., NY, NY 10019. DE off. addr.: Principal business address: 87 Org. filed NY Sec. of State (SSNY) Properties, LLC, 853 Broadway, Ste. Notice of Formation of PIE FACE 507 CSC, 2711 Centerville Rd., Wilmington, Chrystie St, Ste 5B, NY, NY 10002. 09/19/2011. Office in NY County. 2014, New York, NY 10003. Purpose: LLC. Arts. of Org. filed with Secy. of DE 19808. Cert. of Form. on file: Purpose: any lawful acts. SSNY designated Agent of LLC upon any lawful activity. State of NY (SSNY) on 11/16/11. SSDE, Townsend Bldg., Dover, DE Notice of Formation of FNA Medical whom process may be served. SSNY Office location: NY County. SSNY NOTICE OF FORMATION OF Aiyer & 19901. Purp.: any lawful activities. Diagnostics, PLLC. Arts. Of Org. filed shall mail copy of process to 40 Wall designated as agent of LLC upon Petkos, PLLC. Arts of Org filed with with Secy. of State of NY (SSNY) on St., 28th FL NY, NY 10005. Purpose: whom process against it may be Notice of Qualification of Waterfall the Secy of State of NY (SSNY) on 10/18/2011. Office location: NY County. Any lawful purpose. served. SSNY shall mail process to Victoria REO 2011-01, LLC. App. for 09/08/11. Office loc: NY County. SSNY designated as agent of PLLC Corporation Service Co., 80 State St., Auth. filed with Secy. of State of NY NOTICE OF FORMATION of Luma SSNY has been designated as agent upon whom process against it may be Albany, NY 12207-2543. Purpose: (SSNY) on 11/14/11. Office location: Realty I LLC Art. of Org filed Sec’y of served. SSNY shall mail process to: The upon whom process may be served Any lawful activity. NY County. LLC formed in Delaware State (SSNY) 10/26/11. Office location: and shall mail a copy of any process (DE) on 12/22/09. SSNY designated PLLC, 300 W 110th st. #3K, NY, NY New York County. SSNY designated 10026. Purpose: any lawful activity. to the principal business address: Notice of Formation of Ai Vy Springrolls, as agent of LLC upon whom process as agent of LLC upon whom process 226 W. 78th Street, #5A, NY, NY LLC. Org. filed with Secy. of State of against it may be served. SSNY shall against it may be served. SSNY NY (SSNY) on 10/14/10. Office loca- NOTICE OF FORMATION of MAVEL 10024. Purpose: any lawful acts. mail process to: Capitol Services, STUDIO LLC. Arts. of Org. filed with shall mail copy of process to c/o tion: NY County. SSNY designated Inc., 1218 Central Ave., Ste. 100, James P. DeMare, 25 North Moore NOTICE OF FORMATION of Farm as agent of LLC upon whom process the Secy. of State of NY (SSNY) on Albany, NY 12205. DE address of 10/19/11. Office location: NY County. St., Apt 4B, New York, NY 10013. to Fork NY LLC. Arts of Org filed against it may be served. SSNY shall LLC: 1675 S. State St., Ste. B, Purpose: any lawful activities. with the Secy of State of New York mail process to LLC: Suite 202, SSNY designated as agent of LLC Dover, DE 19901. Arts. of Org. filed upon whom process against it may be (SSNY) on 10/5/11. Office loc: NY 7014 13th Ave Brooklyn, NY 11228. with DE Secy. of State, 401 Federal Notice of Formation of ETS CAPITAL Cty. SSNY designated as an agent Purpose: any lawful activity. served. SSNY shall mail process to : St., Ste. 4, Dover, DE 19901. The LLC, 195 Stanton St., 4H, N.Y., N.Y., III, LLC. Arts. of Org. filed with Secy. upon whom process may be served Purpose: any lawful act or activity. MARCELIN LLC, a domestic LLC, 10002. Purpose: any lawful activity. of State of NY (SSNY) on 11/07/11. and shall mail a copy of any process Office location: NY County. SSNY to the principal business address: Arts. of Org. filed with the SSNY on Notice of Qualification of Pure Growth 10/4/11. Office location: New York Notice of Formation of Molecular designated as agent of LLC upon 200 West End Ave., Apt 16E, NY Partners LLC. Authority filed with Cell, LLC. Art. of Org. filed Sec’y of whom process against it may be NY 10023. Purpose: any lawful act. County. SSNY is designated as Secy. of State of NY (“SSNY”) on agent upon whom process against State (SSNY) 8/11/11. Office location: served. SSNY shall mail process to 7/21/11. Office location: NY County. NY County. SSNY designated as Timothy P. Terry, 667 Madison Ave., Notice of Formation of HemptexUSA the LLC may be served. SSNY shall LLC formed in DE on 6/2/10. SSNY mail process to: The LLC, Attn: Mr. agent of LLC upon whom process 24th Fl., NY, NY 10065. Purpose: LLC Arts. Of Org. filed with Secy. of designated agent of LLC upon whom against it may be served. SSNY shall Any lawful activity. State of NY (SSNY) on 8/29/11 Office Luc Levy, 270 Lafayette St., #1201, process against it may be served. NY, NY 10012. General Purposes. mail copy of process to 18 E. 48th location: NY County. SSNY designated SSNY shall mail process to: Alison St., Ste. 802, NY, NY 10017. Notice of Qualification of Starr as agent of LLC upon whom process Notice of formation of GASM.ORG Newman, Alston & Bird LLP, 90 Park Purpose: any lawful activities. Protection Solutions, LLC. Authority against it may be served. SSNY shall L.L.C., Arts. of Org. filed with Secy. Avenue, NY, NY 10016. Bus. addr.: filed with NY Dept. of State on 10/19/11. mail process to LLC: 110 W 40th NY of State of NY (SSNY) on 3/24/11. 575 Madison Ave., NY, NY 10022. DE Notice of Formation of Mamma’sBoy Office location: NY County. LLC NY 10018. Purpose:any lawful activity. Office located in: NY County. SSNY addr. of LLC: United Co. Services, Snacks, LLC. Arts. of Org. filed with formed in IL on 9/6/11. NY Sec. of has been designated for service of Inc., 874 Walker Road, Suite C, Dover, Secy. of State of NY (SSNY) on State designated agent of LLC upon NOTICE OF FORMATION OF MOAKS process. SSNY shall mail copy of DE 19904. Cert. of LLC filed with DE 11/4/11. Office location: NY County. whom process against it may be PLLC. Arts of Org filed with SSNY on any process to: the LLC, 789 West Secy. of State, 401 Federal St., Dover, SSNY designated as agent of LLC served and shall mail process to: c/o 8/26/11. Office location: NY County. End Ave, 12B, NY, NY 10025. DE 19901. Purpose: any lawful activity. upon whom process against it may be CT Corporation System, 111 8th Ave., SSNY has been designated as agent Purpose: Any lawful purpose. served. SSNY shall mail process to: NY, NY 10011, regd. agent upon whom upon whom process may be served Funke Literary, LLC filed an App. for 118 E. 4th St., Apt. 12A, NY, NY 10003. process may be served. Principal and shall mail a copy of any process Notice of Qualification of DUNE ROAD Authority filed with the Dept. of State Purpose: any lawful act or activity. office addr.: 399 Park Ave., NY, NY to the principal business address: 51 POOH, LLC. Authority filed with Secy of NY on 9/12/2011. Jurisdiction: 10022. Cert. of Org. filed with IL Sec. W. 69th St. #4D, NY, NY 10023. of State of NY (SSNY) on 11/07/2011. Delaware and the date of its organi- Notice of Qualification of ARC of State, 501 S. 2nd St., Springfield, IL Purpose: any lawful acts. Office location: New York County. zation is: 08/23/2011. Office location NYGRNAV004, LLC. Authority filed 62756. Purpose: all lawful purposes. LLC formed in Delaware (DE) on is New York County . The Secretary with Secy. of State of NY (SSNY) on NOTICE OF QUALIFICATION of 11/01/2011. SSNY designated as of the State of NY (“SSNY”) is desig- 10/18/11. Office location: NY County. NOTICE OF QUALIFICATION of C2i Guardian Distributors, LLC. App for agent of LLC upon whom process nated as agent upon whom process LLC formed in Delaware (DE) on Methane Partners, LLC. App for Auth Auth filed with the Secy of State of NY against it may be served. SSNY shall against it may be served, the address 09/28/11. Princ. office of LLC: 106 filed with the Secy of State of NY (SSNY) on 11/01/11. Office loc: NY mail process to: c/o National Registered to which the SSNY shall mail a copy York Rd., Jenkintown, PA 19046. (SSNY) on 10/11/11. Office loc: NY Cty. LLC formed in DE on 10/14/11. Agents Inc., 875 Avenue of the of such process is: 1485 Fifth Ave., SSNY designated as agent of LLC Cty. LLC formed in DE on 07/21/08. SSNY has been designated as an Americas, Suite 501, New York, NY Suite 15J, NY, NY 10035. Address upon whom process against it may SSNY designated as an agent upon agent upon whom process against it 10001. Address required to be maintained in its jurisdiction is: 1220 be served. SSNY shall mail process whom process may be served and may be served and shall mail process maintained in home jurisdiction: 160 N. Market Street, Suite 806, Wilmington, to c/o CSC, 80 State St., 6th Fl., shall mail process to: C/O C T to: Corporation Service Company, Greentree Drive, Ste. 101, Dover, DE DE 19801. The authorized officer in Albany, NY 12207. DE addr. of LLC: Corporation System, 111 Eighth Ave, 2711 Centerville Rd., Wilmington, DE 19904. Arts of Org filed with Secretary its jurisdiction where a copy of its c/o Corporation Service Co., 2711 NY, NY 10011. Principal business 19808. The principal business address: of State, Corporation Division, 401 Certificate of Formation can be obtained Centerville Rd., Ste. 400, Wilmington, addr: 93 St. Mark’s Pl, Ste 2, NY NY 7 Hanover Sq., New York, 10004 Federal St., Suite 4, John G. Townsend is: Jeffrey W. Bullock, Division of DE 19808. Arts. of Org. filed with DE 10009. Certificate of LLC filed with Certificate of LLC filed with Secretary Bldg., Dover, Delaware 19901. Corporations, John G. Townsend Bldg., Secy. of State, Div. of Corps., 401 Secy of State of DE loc at 401 Federal of State of DE located at DE Secy. of Purpose: Acquisition, Development & 401 Federal St.Suite 4, Dover, DE Federal St., Ste. 4, Dover, DE 19901. St, Ste 4, Dover DE 19901. Purpose: State, 401 Federal St., Ste. 4, Dover, Management of Real Estate. 19901. The purpose is: any lawful act. Purpose: Any lawful activity. any lawful acts. DE 19901. Purpose: any lawful acts.

December 5, 2011 | Crain’s New York Business | 45 20111205-NEWS--0046-NAT-CCI-CN_-- 12/2/2011 8:45 PM Page 1

Among the 10 elementary Ms. Moskowitz guides groups of work rules and seniority rights, schools in District 3,which includes anxious moms and dads to class- claiming they undermined learning. All about Eva the Upper West Side, six got a C or rooms where kindergartners play Since a failed bid for Manhattan worse on the student-performance with blocks, conduct science exper- borough president in 2005, Ms. Continued from Page 1 become impossible to oppose.” portion of their Department of Ed- iments and read quietly at their Moskowitz has thrust herself into don an information session. Ms. Moskowitz gives an educa- ucation report cards. In District 15, desks. the center of countless school bat- Ms. Moskowitz’s push into well- tional,rather than political,rationale. which includes Cobble Hill, 11 of During house parties and mixers tles, notably the successful effort to heeled neighborhoods comes at a “We’ve got to have more, not fewer, the 23 elementary schools scored a at their homes, Ms. Moskowitz tells raise the number of charters allowed critical time for her nine-school alternatives to a profoundly broken C or lower. these parents how her Harlem in New York state and attempts to Success Charter Network, which education system,” she said. “The Ms. Moskowitz has called these schools are among the city’s high- locate her schools within the build- she launched in Harlem in 2006 and clock is ticking against our kids.” schools “abysmal failures” and is bet- est-achieving public schools in ings of district schools. expects to grow to 40 schools across That message has resonated ting that her charter network will reading and math.Among the third, Tension escalated last spring the city in the next few years. Char- throughout Harlem, the South find traction in New York’s tonier fourth and fifth graders at Harlem when some parents—backed by lo- ter school supporter Michael Bronx and central Brooklyn, where districts.While the Upper West Side Success Academies, 94% passed the cal politicians—sued to block Up- Bloomberg has two years left as schools have struggled for decades and Cobble Hill boast some of the statewide math exam and 78% per West Success Academy from mayor, and his successor might not and the New York charter move- city’s best public elementary schools, passed the reading test. Citywide, opening in a building shared by sev- be as eager to provide the city-owned ment was born. Thousands of low- they are overcrowded.Parents unable those numbers were 60% and 49%, eral high schools. The teachers space that new schools often need. income parents have flocked to al- to send their children to these schools respectively. union and the NAACP then sued to Charters have been elbowing ternatives in these three areas,which face a choice of inferior local schools, bar the opening or expansion of 20 their way into the city landscape are home to eight Success schools private schools with $30,000 tu- Center of tension charter schools,including six of Ms. since the 1990s by offering an edu- and the vast majority of the city’s itions, or a move to the suburbs. Her sales pitch is paying off. Moskowitz’s. cation lifeline to high-poverty areas other 125 charters. “Private school is not an option About 700 families in District 3 ap- “We’ve had threats before to our desperate for quality schools. Now, for us,” said Jenna Sternbach, a free- plied for the first 184 spots at Upper existence,” said Ms. Moskowitz. Ms. Moskowitz, whose abrasive “New York’s dirty little secret” lance publisher and mother of three. West Success Academy, which “This was an attempt to shut us style has made her a lightning rod But the city’s education problems She and her husband, a lawyer, have opened in August.And while the lot- down.” for charter opponents, is pitching go beyond poor neighborhoods. lived on Clinton Street in Brooklyn tery for next year’s kindergarten class Both lawsuits were dismissed. her schools to lawyers, doctors and Last year, less than half of students for five years and would like to stay. isn’t until April, nearly 400 families However, the opposition to Ms. other professionals. were reading at grade level in 725 of But they are zoned for P.S.261,a C- have already applied for its 84 seats. Moskowitz’s proposed Cobble Hill It’s a fundamental shift for Ms. the city’s 1,071 elementary and mid- rated elementary school in Cobble Meanwhile, Ms. Moskowitz school continues to build in antici- Moskowitz and the charter school dle schools. Just one-quarter of the Hill. finds herself at ever-increasing odds pation of its final approval Dec 14. movement. While she has braved city’s high school graduates were “The pit in my stomach is that I with the city’s anti-charter estab- Hundreds of charter opponents five years of slings and arrows, her “college ready.” And, according to a pay a lot in taxes,” Ms. Sternbach lishment, who dislike the use of turned out for a five-hour Panel for network’s future—and that of other recent survey by the teachers union, said. “Public schools should be bet- nonunion teachers by most charter Education Policy hearing on the charter schools—may hinge on the number of overcrowded class- ter than they are.” schools and worry that traditional school last week, including a hand- their ability to build constituencies rooms is at a 10-year high. Ms. Sternbach is the type of par- schools’ resources and high-achiev- ful of local elected officials. Assem- in affluent, influential areas. “It’s sort of New York’s dirty lit- ent Ms. Moskowitz is trying to re- ing students are being siphoned blywoman Joan Millman, in her “The political significance of this tle secret,”said Joseph Williams,ex- cruit.Success’glossy brochures have away by charters. 15th year in office,suddenly pitched cannot be ignored,” said Steven ecutive director of Democrats for flooded the mailboxes of Cobble She’s butted heads with the an early education center for the Brill, whose book Class Warfare Education Reform,a national advo- Hill and Upper West Side parents, teachers union for than more than a space Ms. Moskowitz seeks. Other chronicles the school reform battles cacy organization that supports boasting a tuition-free education decade,beginning when she chaired activists have discussed a lawsuit. raging across the country.“Once you charter schools. “Some prefer to chockablock with chess, creative the City Council’s Education Com- “Some would call it death by a have charter schools flourishing in think the problem is always in writing and inspirational teachers. mittee. During a series of hearings, thousand cuts,” Ms. Moskowitz middle-class neighborhoods, they someone else’s neighborhood.” On hourlong tours of her schools, she skewered unionized teachers’ said. “But we’ll survive.” Ⅲ

the promise of a big payday. Several won’t grow big enough to go public, hopeful that IPOs from Facebook Startups snapped up industry insiders say that VC invest- even if the environment for initial and Zynga will spur a bigger buying ment in New York is already slow- public offerings improves. That spree, as those companies fill out ing,in part over fears of a downturn. leaves them dependent on an acqui- their businesses with acquisitions. Continued from Page 1 vate companies in the local digital Nationally, VC fundraising in sitions market that investors say is The local deals may still be small; businesses. “In terms of [venture sector. Mr. Stavis said that he ex- the third quarter fell to $1.72 bil- short on companies that would fuel some VC executives argue that New capital] exits, you have all shapes pects the mergers-and-acquisitions lion, which was less than half of buying: fast-growing firms that York entrepreneurs need to start and sizes, across all sectors.” market to remain active even if the what was raised in the year-earlier could use stock to make deals. thinking bigger,as their Silicon Val- In some ways, the sluggish econ- economy worsens. period, and down nearly 70% from It hasn’t helped that most of the ley peers so famously do. But they omy has helped to fuel the deals. “Much of why we’re in such an the previous quarter, according to companies that have recently gone acknowledge that the West Coast Large companies with strong bal- interesting environment is the chal- the MoneyTree Report. public,including Groupon,Demand has had decades to build an infra- ance sheets but few prospects for lenge of slower growth,” he said. Media and Pandora, are trading well structure, while New York is still es- growth are looking to small firms to Despite the frothy atmosphere, More funds, less money below their initial offering prices. tablishing itself. bring in new customers and juice however, the tech marketplace in “New funds are being set up, but “We have a good inventory of “Once you get the flywheel spin- their bottom line. New York remains a work in there’s less money going into them,” companies in New York that should ning, it keeps spinning,” said Roger And right now, there are more of progress. Not counting Google’s said Kate Bluvol, a partner in the be part of bigger companies, but Ehrenberg, managing partner of IA those kinds of small companies than $400 million purchase of ad-tech technology group at Pricewater- you’ve only got about a dozen ac- Ventures. “We don’t have the same at any time since the late 1990s, firm AdMeld in June, some of the houseCoopers. “You may see fewer quirers,” said Bo Peabody, general flywheel in New York, but we’re notes Rob Stavis,a partner at Besse- prices for the past year’s deals have new companies getting funded.” managing partner at Village Ven- heading in the right direction.” Ⅲ mer Venture Partners, a backer of underwhelmed observers. They A key issue for New York is the tures, which was an early investor in Hunch. A recent survey by Gridley question how freely private-equity large number of companies that Babble. LISTEN to a discussion at & Co. counted 296 emerging pri- money will continue to flow without have launched in recent years. Most Some investors and bankers are CrainsNewYork.com/podcasts

PUBLIC & LEGAL NOTICES

NOTICE OF FORMATION OF LIMITED Notice of Formation of ADC/Ennis Notice of Qual. of Andor Opportunity Notice of Qualification of Nine & C, Notice of Qualification of Liberty LIABILITY COMPANY. NAME: RED Francis Owner L.P. Cert. filed with NY Fund, L.P., Auth. filed Sec’y of State LLC. App. for Auth. filed with Secy. of Harbor Natural Resources Offshore HAIR & MAKEUP, LLC. Articles of Dept. of State on 1/7/2008. Office (SSNY) 6/20/11. Office loc.: NY County. State of NY (SSNY) on 10/12/11. GP, LLC. App. for Auth. filed with Secy. Organization were filed with the location: NY County. Sec. of State LP org. in DE 2/23/11. SSNY desig. Office location: NY County. LLC of State of NY (SSNY) on 9/21/11. Secretary of State of New York designated agent of LP upon whom as agent of LP upon whom process formed in Texas (TX) on 9/29/11. SSNY Office location: NY County. LLC (SSNY) on 11/01/11. Office location: process against it may be served and against it may be served. SSNY shall designated as agent of LLC upon whom formed in Delaware (DE) on 8/12/11. New York County. SSNY has been shall mail process to the principal mail copy of proc. to Att: Daniel process against it may be served. SSNY designated as agent of LLC designated as agent of the LLC upon Benton, 1330 Ave of the Americas, upon whom process against it may be whom process against it may be business addr.: c/o Abyssinian 24th Fl., NY, NY 10019. DE off. addr.: SSNY shall mail process to the TX served. SSNY shall mail process to: 200 served. SSNY shall mail a copy of Development Corp., 4 W. 125th St., CSC, 2711 Centerville Rd., Wilmington, address of LLC: 1919 Post Oak Park West St., NY, NY 10282. DE address process to the LLC, 77 Bleecker NY, NY 10027. Name/addr. of genl. DE 19808. Cert. of LP on file: SSDE, Drive, Ste. 3101, Houston, TX 77027. of LLC: 1209 Orange St., Wilmington, Street, Apartment 818, New York, ptr. available from Sec. of State. Townsend Bldg., Dover, DE 19901. Arts. of Org. filed with TX Secy. of DE 19801. Cert. of Form. filed with DE New York 10012. Purpose: For any Term: until 1/3/2108. Purpose: any Name/addr. of each gen. ptr. avail. at State, 1019 Brazos, Austin, TX 78701. Secy. of State, P.O. Box 898, Dover, lawful purpose. lawful activity. SSNY. Purp.: any lawful activities. Purpose: any lawful act or activity. DE 19903. Purpose: any lawful activity.

46 | Crain’s New York Business | December 5, 2011 20111205-NEWS--0047-NAT-CCI-CN_-- 12/2/2011 8:05 PM Page 1

share of the syndicated loan mar- clays, which had committed $80 ket—where banks chop up big com- million in Hershey’s 2006 credit Banks’ Europportunity mercial loans and disperse them to agreement, dropped out entirely. other institutions for a fee—has By themselves, these big corpo- Continued from Page 1 “It’s just like 2008,” Mr. grown by a third. rate loans typically aren’t all that staggering losses that they had to be Thangavel said.“We all know some- profitable for banks. But they can bailed out. Now they are positioned thing really bad is about to happen Sweet deals lead to moneymaking opportunities to exploit their overseas competi- but don’t know how bad it’s going to A recent credit agreement with when companies choose lenders for tors’ weaknesses. be or who’s going to be affected.” candy maker Hershey is an example other services, such as foreign ex- “The European banks’ problems Even with his bleak outlook, Mr. of the business opportunity created change or pension-plan administra- at home are opening up an opportu- Thangavel can’t bring himself to sell by the turmoil in Europe.In the $1.1 tion. nity here for those who can afford to short U.S. banks, which he believes billion credit agreement with banks, The big risk, Nomura’s Mr. take it,” said Nomura analyst Brian are much better positioned to with- JPMorgan increased its loan com- Foran said, is that troubled Euro- Foran. stand a crisis than three years ago. mitment to the company to $135 pean banks retreat so quickly from Wells Fargo, which vastly in- Wells Fargo is a case in point. million, from $50 million, and U.S. the U.S. that institutions here gorge creased its New York presence two While its European competitors Bancorp joined the table with a fresh themselves on new loans—putting years ago when it acquired Wa- bleed cash,deposits at the bank have $75 million, according to Nomura. themselves at risk for big losses lat- chovia, has been especially keen on increased 8% in the past year, help- Meanwhile, Swiss-based UBS er.“For the U.S.banks,”he said,“this taking advantage. It has bought $5 ing fuel its push into corporate lend- halved its commitment, to $105 could easily become too much of a

billion worth of U.S. commercial ing. Over the past three years, its million, while the British bank Bar- good thing.” Ⅲ istock photo real estate loans from troubled or failed Irish banks this year, including a $3.3 billion portfolio last month, and executives say they are looking for more. “We’ve seen banks from overseas exit the U.S. before, and we’re ex- pecting that to occur again, which will create opportunities for us,”said Wells Fargo Chief Financial Officer Timothy Sloan. Mr. Sloan’s confident stance contrasts starkly with the manic mood on Wall Street these days.Af- ter plunging nearly 10% in the weeks before Thanksgiving, stocks soared last Wednesday, after the world’s central banks announced Buying billions in loans, and looking for more

they’d take aggressive measures to give European political leaders time to solve the continent’s financial woes. Despite the central banks’ time- ly boost, many on Wall Street are preparing for what’s being called Eurogeddon—the breakup of the European Union, as some countries return to their old currencies.Bond- and currency-trading powerhouse ICAP, for instance, disclosed last week that it is preparing to resume trading drachmas,the former Greek currency. “We have not done any scenario planning, and we do not take a view or make a forecast on future devel- opments,” cautioned a spokesman for the company, which has operations in Jersey City. “We are simply making sure we are prepared for any eventuality.” Betting on doomsday Meanwhile,hedge fund manager Ananthan Thangavel of Lakshmi Capital said he has dedicated 90% of his $18 million portfolio to betting on steep drops in the Standard & Poor’s 500-stock index, German stocks and crude oil. He thinks pol- icymakers will be unable to agree on a rescue plan for overextended Euro- pean banks and nations, which will unleash global economic mayhem.

LISTEN to a discussion at CrainsNewYork.com/podcasts

December 5, 2011 | Crain’s New York Business | 47 20111205-NEWS--0048-NAT-CCI-CN_-- 12/2/2011 9:10 PM Page 1

But one board member, Martin Oliner, said the board “is just being More NY Peninsula buyout hits new hurdle told what to do by Revival 100%” and “doesn’t exercise any independ- Continued from Page 3 “We share the trustee’s concerns, ent judgment.” needy management. ‘We share the we take them seriously and we will Still, Mr. Oliner wants approval Mr.Zakheim had pledged in 2005 be watching the outcome closely,” a for Revival’s $8 million loan, which Continued from Page 2 not to be involved with Revival Home trustee’s DOH spokesman said last week. he sees as the lifeline that will keep “We have come through a pretty Health Care after DOH learned that The trustee’s second choice, if the Far Rockaway hospital open.He severe national recession, and com- he had failed to disclose a misde- concerns,’ said the court keeps Revival in place,is to said the Peninsula board should ing out of it has not been as strong meanor conviction on a previous hire an independent examiner “in consider offers from other lenders, as we’d like,” Mr. Doar said. “But DOH application.Mr.Zakheim’s af- a rep for DOH light of the apparent stranglehold but for now, Revival should stay. New York has done better than fidavit for DOH stated he would “not that Revival holds over [Peninsu- “Putting in an examiner is a every other city. We wouldn’t agree have any direct or indirect involve- la],” wrote the trustee. death knell for the hospital,” Mr. that things are worse than ever.” ment with the operation, manage- Mr. Fensterman counters that Oliner warned. On the front lines of need, how- ment or control” of the home care Peninsula’s board, not Revival, is in “Revival is the only game in town ever, the situation is grim. At the agency, which is owned by his wife. sulting role followed a Nov.7 Crain’s control of the hospital, and that Mr. willing to put up money,” he said. city’s 1,100 soup kitchens and food Mr. Miller’s confirmation to story probing Peninsula’s financing Miller takes his direction from the “I’m not a fan of theirs.But you need pantries,demand is up an average of state officials of Mr. Zakheim’s con- deal with the Revival affiliate. board. a plan to keep the hospital open.” Ⅲ 12% this year, and government and private funding is down. Turning away customers The Bed-Stuy Campaign Against Hunger in Brooklyn,which runs a supermarket-style pantry,has been registering more than 12,000 visitors a month. That is up from 5,000 a month in 2006 and 9,000 a month in 2009.Recently,the pantry had to turn away 158 people because there wasn’t enough food. “I have been in 1.5M business 14 years, NEW YORKERS, and this is the worst or 1 in 6, now live in poverty, I have ever seen,” a local said Melony Sam- nonprofit said uels, founder and executive director of the Bed-Stuy Campaign. “We can’t keep up with this demand.” At Love Kitchen Inc., a pantry and soup kitchen in Inwood, about 530 people have been coming to the soup kitchen each week for meals, up from 450 a year ago.There are so many people visiting the pantry that the organization has to turn away about 40 people a week. In July, the 23-year-old nonprofit nearly closed down but was saved by an emergency shipment of food from the Midwest Food Bank in Illinois. “People are going from one pantry to the other to try to get as much as they can, and you can’t blame them,” said Jewel Jones,founder and director of Love Kitchen. “People keep coming up to me saying, ‘I’ve never been in this situation before.’ They don’t know how it works.” Reluctant newcomer Grace, one such newcomer to the system who wanted only to be identified by her first name, lost her job as a kindergarten teacher last year after sustaining a serious back You see your facility. We see the opportunity injury that required surgery. Initially,Grace moved in with rel- to increase your energy savings. atives, used her savings, and tried to hide her situation from her children, ages 12, 11 and 2. Now they live in low-income housing in Manhattan, At NYSERDA, we can provide the technical and fi nancial assistance you need to increase your and Grace spends her days going facility’s energy effi ciency. From energy-effi ciency assessments to capital improvements, from from one food pantry to another to new construction projects to industrial process improvements, our experts can help make your piece together meals. She receives next project a success. In fact, the 1,023 New York City-area facilities that have worked with food stamps and has been getting as- NYSERDA since the beginning of 2010 can expect to reduce their energy use by a combined sistance from Toys of Hope. Still on 147,112,035 kilowatt hours. Now that’s what we call Measurable Results. pain medication for her back, Grace remains unable to work. Learn how we can help you save energy and money. To request a FREE Solutions Kit, visit “Everything was fine before this; nyserdasolutions.org/nyc, or call 866-NYSERDA. I was paying my bills alright,” said Grace, still mystified at how quickly her life changed. “It’s a very diffi- Ⅲ EES-CI-building-ad-1-v7 cult struggle now.” LISTEN to a discussion at CrainsNewYork.com/podcasts

48 | Crain’s New York Business | December 5, 2011 20111205-NEWS--0049-NAT-CCI-CN_-- 12/1/2011 7:42 PM Page 1

$1,850 The amount that affluent consumers plan to spend for the holidays BUSINESS LIVES Source: Forbes Insights

HOT JOBS EXECUTIVE INBOX

WOOLLY BULLY: Anne Fisher EDITOR-IN-CHIEF Waejong Kim didn’t like PUBLICATION amNewYork mandatory JOB DESCRIPTION Oversee knitting classes. Closing the editorial room; responsible for all print and digital editorial content tech-skills gap MOST IMPORTANT TASK Plan EVEN WITH UNEMPLOYMENT daily and long-term coverage, stubbornly high, tech-industry manage budget, and supervise experts say that, nationwide, news gathering, writing and editing about 450,000 jobs in IT are CREDENTIALS NEEDED Minimum going begging at any given of 10 years of progressive moment. The reason: a shortage experience in reporting, editing of job seekers with the right skills. and management; extensive Here in the city, NPower is experience in local news coverage working on filling what some and/or features wags have called the “geek gap.” SALARY $150,000 to $160,000 The nonprofit, which has been RECRUITER Internal schooling techies at its Brooklyn headquarters for about DOWNSIDE It’s not a 9-to-5 job 10 years, just opened a new UPSIDE Staffers get to inform center in Harlem, where an initial New York commuters of the day’s class of 23 disadvantaged young important news people (ages 18 to 25) will Launched in 2003 by Newsday receive free tech training. Media Group, amNewYork is a The 22-week curriculum free Monday-to-Friday newspaper includes intensive classroom tabloid. It has an average daily work, mentoring by IT pros, readership of 338,000. internships and the chance to earn professional credentials. —HELEN KWONG So far, the program has an 80% graduation rate, and about 450 NPower grads have been EXECUTIVE MOVES hired over the past decade by local nonprofits, startups and Time Inc.: Laura Lang, universities, as well as by heavy 55, joined the nation’s hitters like JPMorgan Chase and largest magazine Accenture. Both are major publisher as chief donors: Accenture, for instance, executive. She was buck ennis anted up $100,000 for the previously chief executive at digital GOTHAM GIGS Harlem classroom. advertising agency “We’ve gotten great support Digitas Inc. from big companies,” said MetLife Inc.: Beth Hirschhorn, 46, was NPower CEO Stephanie Cuskley, promoted to executive vice president, a former investment banker who global brand, marketing and took the helm two years ago. communications, of the insurance, Sticks to Her Knitting annuities and employee-benefit Also on Ms. Cuskley’s to-do programs provider. She was previously list for the year ahead: expanding senior vice president and chief When Waejong Kim was in elementary school in her native South another NPower program, called marketing officer. ‘They Korea, it was mandatory for children to learn how to knit. Ms. Kim the Community Corps, which Citi Habitats: Jay M. Heydt, 33, was matches up IT professionals appointed senior managing director of walk out hated the craft so much that her mother had to make all of her willing to volunteer their skills the residential brokerage’s Gramercy school projects. So, it might seem strange that Ms. Kim now teaches with nonprofits that need tech help and Flatiron offices. He was previously with a big senior vice president and associate knitting to around 25 students a week at Loopy Mango, the store that but are strapped for cash. Since broker. she co-owns in SoHo, which sells clothes, accessories and yarn. ¶ the Community Corps started in kgb: David Cautin, 38, scarf, November 2010, techies have joined the directory “About seven years ago, I got this urge to do something with my donated more than 13,000 assistance and and they hands, and I found a crochet hook in my apartment,” said Ms. Kim, hours to about 650 nonprofits. enhanced information 44, who had moved to New York and was working for a corporate “The legal profession has a services provider as are so chief executive. He housing firm. “I got so into knitting that I quit my job to focus on it long, solid tradition of pro bono was previously senior proud of it’ full time.” ¶ Ms. Kim’s first store was a 650-square-foot space in the work,” Ms. Cuskley said. “We vice president and want to foster something similar chief digital officer at NYSE Euronext. East Village. Now she has 2,000 square feet on Grand Street. She in the IT field and bring the tech Odgers Berndtson: Cheryl Lobell, 46, met her husband, an antiques dealer, while canvassing flea markets community together for the joined the executive search and public good.” organizational leadership firm’s New for the store.The trick to hooking her students, Ms. Kim said, is to York office as a partner. She was have them use large needles and thick yarn, so that they can make previously a partner at the firm’s office something quickly. ¶ “After three hours, they walk out with a big HAS YOUR COMPANY struggled to in Singapore. find tech help—and what are you KeKu: Manlio Carrelli, 35, joined the scarf, and they are so proud of it,” she said. doing about it? Tell us at See EXECUTIVE MOVES on Page 50 —miriam kreinin souccar www.crainsnewyork.com/execinbox.

December 5, 2011 | Crain’s New York Business | 49 20111205-NEWS--0050-NAT-CCI-CN_-- 12/2/2011 1:58 PM Page 1

RÉSUMÉ REVIEW High interest in banking Is your job search all it could be? We ask the experts. Banco Azteca mogul 40% of the audience, and we have a this is very expensive.”But it’s not ex- big telecom company,Iusacell,which pensive. NAME STEPHEN K. SILVERSTEIN looks north for niche; is competing with Carlos Slim. SUMMARY Are your rates any better than a loan Real estate strategist, operations director, feds may balk at rates Do you think there are opportunities for shark’s? change-management leader. Relocating your company in the U.S.? Why would 10 million customers to Dallas, Texas BY DANIEL MASSEY Here’s the deal:Traditional banks do come to me? Because we have a bet- a pretty good job for the middle-class ter rate. If you pay on time, you get PROFESSIONAL EXPERIENCE illionaire Ricardo Salinas and the rich,but they do a terrible job a 20% discount. Multisport Ministries, Foothills Ranch, Calif., 2008-2011; co-founder, Pliego oversees a televi- for people at the bottom of the pyra- executive director sion,banking,telecommu- mid. “Where do I save my money? What’s your rate of default? Founded and currently lead a triathlon team of pro and amateur nications and retail elec- Where do I get a quick loan?”—the Less than 3%. We have 8,000 cred- triathletes who compete globally; improve the lives of less-fortunate Btronics empire based in Mexico. He basic financial services. That is what it officers. Each one of them goes athletes, families and beginners through mentoring visited New York in mid-November we’re doing in a really novel way, around on motorcycle and checks to participate in an immigration fo- tremendously low-cost and huge out where people live and gives Deloitte, 1996-2010; firm director rum with Mayor Michael Bloom- volume, so that we can operate with them a reminder if they haven’t paid. Oversaw U.S. real estate operations, international real estate strategies berg, but also looked into extending no commissions, no fees. I think that All of them have a computer, an and Northeast operations, reporting to COO and other senior executives; his Banco Azteca brand to the Unit- kind of bank would have a very good iPhone with GPS with the route, responsibilities included real estate, facilities, purchasing, security and ed States. niche in the United States. and a printer. The chief lending of- travel, with a Northeast region staff of 800 Consumer ad- ficer is right there. vocates and But your interest rates EDUCATION MOVERS & bank regula- would never fly here. Are What’s wrong with the immigration Ramapo College, B.S., business administration SHAKERS tors, however, you gouging? system? Résumé appears in condensed form. may balk at Some people who crit- Obviously, we’re in an open EXPERT ADVICE his interest icize high interest rates world where everything flows Ricardo rates, which really want to do good across borders: information, Stephen’s résumé is like a rich dessert: too much of a good thing. It is Salinas can reach for the bottom of the money, investments. The only important to know your audience and only give them what they need to 80%. pyramid, but instead, thing that doesn’t flow see. The summary should get to the point quickly and the body of the Pliego they’re actually is people. Hu- résumé should briefly describe his experience and qualifications. Since he How did you get putting man capital, like has many impressive accomplishments to share, Stephen should offer started in business? them further any capital, these up in an addendum called Selected Accomplishments. Breaking up I came in ’81 as an import manager. back in the needs to move to the story into separate sections satisfies both the lazy reader and the My dad was running the company hole. We where it has a reader needing more content. His relocation to Dallas should be a central founded by my grandfather and my charge 60% better return.It’s part of the message, not tagged on as an afterthought. dad. But with the big devaluation [of to 80% in- a really unfor- —roy cohen, career counselor and executive coach the peso] of ’82, we went bust. It was terest tunate policy to my job to turn it around. Today, we rates per think in insular To contact this candidate or to be featured in “Résumé Review,” e-mail us have 2,700 points of sale, we’ve got a annum. terms. That’s at [email protected]. bank in seven Latin American coun- People bad for every- tries, we’ve got TV Azteca, which is say, “Ah, body. Ⅲ

bloomberg news

merchant banking firm as chief Nooka Jones, 23, was promoted to Helena K. Grannis, 39, was promoted to Mr Youth: Christian Borges, 40, joined the EXECUTIVE MOVES marketing officer and a member of the producer. He was previously an associate counsel, focusing on capital markets social marketing agency as vice company’s board of directors. He will producer. transactions. She was previously an president, marketing communications. Continued from Page 49 retain his roles as chief executive and Mike Kenny, 29, joined the agency as a associate. He was vice president, public relations technology company as chief executive. executive producer of MediaLogic and producer. He was previously a freelance Food & Wine: Gina Hamadey, 32, joined and communications, at Deep Focus. He was previously chief marketing executive producer and partner of project manager at AKQA. the magazine as travel editor. She helped Arent Fox: Matthew D. officer at Intermedia. Original Film. L’Oréal USA: Antoinette launch and was a senior editor at Every Pace, 51, joined the law McGuireWoods: Laurent Wiesel, 34, Vincent Gregoire, 28, joined as vice Hamilton, 37, was Day with Rachael Ray magazine. firm as partner. He was joined the law firm as partner. He was president. He was previously a senior promoted to assistant LeClairRyan: Michael G. Kushner, 58, previously a partner at previously an associate at Sullivan & auditor at Ernst & Young in the Paris vice president of joined the law firm as partner in the Herrick Feinstein. Cromwell. and London offices. diversity and inclusion taxation, employee benefits, and ERISA Rockwell Group: David SNAP Interactive Inc.: Jon Pedersen Sr., Big Spaceship: Sabah at the beauty and labor and employment practice area Yanks, 37, joined the 40, joined the developer, owner and Ahmed, 27, was company. She was teams. He was previously a partner at architecture and operator of online dating applications as promoted to senior previously director of Jackson Lewis. design firm as director chief financial officer. He was previously producer of the diversity and inclusion. Winston & Strawn: Lawrence Drucker, 47, of business development. He had been a senior vice president-controller at Brooklyn-based Drexel Hamilton: Gloria Vogel, 35, joined joined the law firm as partner, director of business development at Warner Music Group. creative agency. She the institutional broker-dealer as a intellectual property litigator. He was STUDIOS Architecture. The Broadsmoore Group: Jeffrey Devlin, was previously a senior vice president of insurance previously a partner at Dickstein Bonnier Corp.: Gregg Hano, 51, was 64, joined the investment advisory and producer. industry equity research. She was Shapiro. promoted to senior vice president of previously a member of senior Alfred Fabricant, 58, joined as partner, corporate sales and the technology management in U.S. investor relations head of intellectual property. He was group. He was previously a group and manager, financial review at Swiss Re. previously a partner at Dickstein Shapiro. publisher of the technology group. CORPORATE LADDER Richard Whittington, 38, joined as a Variety: Jill Goldsmith, 42, rejoined the Digital Broadcasting Group: Matt Baxter, senior vice president of aerospace and entertainment news magazine as 40, joined the entertainment media BEHIND THE SCENES IN PUBLIC defense research analysis. He was business editor. She was previously a company as vice president of content previously a principal at JSA Research. freelance journalist. development. He was previously director PATRICK WILLINGHAM, 44, has been appointed Barry M. Sine, 40, joined as director of Broadcast Music Inc.: of content at Omnicom Media Group. executive director of The Public Theater. Mr. research. He was previously director of David F.Bills, 35, was [x+1]: Rick Jones, 47, joined the audience Willingham will work with the theater’s artistic research at CapStone Investments. promoted to executive targeting agency as the director of Insight Research Group: Sarah Chumsky, director of online product marketing, a newly created director, Oskar Eustis, to continue the mission and 44, was promoted to the newly created communications at the position. He was previously a product extensive programming of the theater, while position of vice president, Insight Kids, performing rights marketing team lead in the collaboration. strengthening the organization for sustainability at the research-driven strategy firm. She organization. He was League of American Orchestras: Rachelle and future growth. The theater’s 57th season was previously director of Insight Kids. previously senior Schlosser, 49, joined as director of media opened in September with productions of Sweet and Cleary Gottlieb Steen & Hamilton: Jennifer director of online relations, a newly created position. She Sad and The Agony and the Ecstasy of Steve Jobs. Next summer, the Kennedy Park, 34, was promoted to communications. was previously president of Rachelle partner, focusing on litigation at the law WNET: Jon Rubin, 48, was named acting Schlosser Public Relations. Delacorte Theater, home to The Public’s productions of Shakespeare in the firm. She was previously an associate. head of education at the public —callie eidler Park, will celebrate its 50th anniversary. Amy R. Shapiro, 34, was promoted to broadcasting organization. He was Mr. Willingham spent most of his career with Blue Man Productions, partner, focusing on corporate and previously senior director of the company’s EXECUTIVE PROMOTIONS creator of the Blue Man Group show, and was most recently its president and financial transactions. She was state and local education service. The fastest way to get an announcement into operating chief. The University of Wyoming graduate earned his MFA from previously an associate. Katten Muchin Rosenman: Emily Stern, Crain’s is to submit online. Fill out the form Brooklyn College. —CALLIE EIDLER Grant M. Binder, 37, was promoted to 49, joined the law firm as partner. She at www.crainsnewyork.com/section/ counsel, focusing on matters in Latin was previously senior counsel at executive_moves. The Executive Moves column America. He was previously an associate. Proskauer Rose. is also available online.

50 | Crain’s New York Business | December 5, 2011 20111205-NEWS--0051-NAT-CCI-CN_-- 12/2/2011 2:30 PM Page 1 chemex / INSATIABLE CRITIC members and $15 for nonmembers in Gael Greene advance, or $20 for all at the door (cash flickr.com THE only). To get more information and to register for the event, visit WEEK www.networkingforprofessionals.com. THURSDAY, DECEMBER 15 Join Con Edison and the Manhattan Imported ode to AHEAD Chamber of Commerce Foundation for their QUARTERLY GREEN BUSINESS NETWORKING EVENT. Speakers will DEC. 12-18 include David R. Pospisil of Con Edison Grecian grandma and Jesse Ash of Greener Media. The event will be held at the American CONFERENCES AND Cancer Society’s Hope Lodge, 132 W. Loi takes over Compass SEMINARS 32nd St., from 8:30 a.m. to 10 a.m. TUESDAY, DECEMBER 13 There is no cost to attend for chamber office mayor’s nyc site, with dishes ranging New York Public Library invites you to members; $15 for nonmembers with WHAT HE’S from tasty to tepid MUTUAL FUNDS 101. Attendees will learn advance registration. To register, visit about the different types of mutual www.manhattancc.org or call READING funds, how they work and the (212) 473-7805. ’m hearing the voice of the advantages to investing in them. The IT’S BEEN eight months since free lecture will take place at the Science, people: fish lovers. Refugees TUESDAY, DECEMBER 13, TO SATURDAY, Mathew Wambua has had time to from Milos.Healthy eaters of Industry and Business Library, 188 Madison Ave., from 6 p.m. to 7:30 p.m. DECEMBER 17 pick up a book. Mayor Michael a certain age. Tasting Table, For more information, call The New York Philharmonic presents Bloomberg in March tapped the which says this spot is ideal for (917) 275-6975 or visit www.nypl.org. HANDEL’S MESSIAH, conducted by Peter longtime city official to head Iout-of-town guests.That’s the cho- Schreier. Performances will take place at the Department of Housing rus singing the virtues of Loi, a cel- GROUPER DYNAMIC: Wildly fresh fish TUESDAY, DECEMBER 13 7:30 p.m. each day, except for Friday, when the performance will take place at Preservation and Development, ebration of Greek cooking by Maria The Lawrence N. Field Center for which develops and maintains Loi in the sprawling space where Entrepreneurship at Baruch College 2 p.m., at Lincoln Center, between West New York’s affordable housing Compass exhausted its nine lives. LOI presents MANAGING YOUR COMPANY’S 62nd and West 65th streets. Ticket FINANCES. prices range from $31 to $132. For more stock. This charming entrepreneurial 208 W. 70th St. The free seminar will discuss information and ticket prices, visit blonde doesn’t at all mind being (212) 875-8600 practical do-it-yourself methods of “I read voraciously prior to www.restaurantloi.com managing the finances of startup www.nyphil.org. that,” said Mr. Wambua, who called the Martha Stewart of Greece. companies. The seminar will take place The Martha mystique should only THURSDAY, DECEMBER 15 enjoys devouring science fiction at the Field Center, 55 Lexington Ave., and fantasy novels. Before prevail beyond her Easter-egg-or- suite 2-140, from 6 p.m. to 8 p.m. To get Carnegie Hall presents the ORCHESTRA chid awning on West 70th Street.So CUISINE Greek more information and to register, call OF ST. LUKE’S, conducted by Robert beginning his new gig, the 41- far, the place is busy. Locals are (646) 312-4790, or visit www.zicklin. Spano, at 8 p.m. at the Stern year-old had finished Marion Entrées $19-$38 checking it out and returning. PRICE RANGE baruch.cuny.edu/centers/field/events/ Auditorium, Perelman Stage, West 57th Zimmer Bradley’s The Mists of Tonight, an accidental Greek SERVING Dinner, seven days managing-your-company2019s-finances. Street and Seventh Avenue. Ticket Avalon, which reimagines the prices range from $14.50 to $83. To get legend of King Arthur through with global credentials at our table RESERVATIONS Recommended more information and to purchase TUESDAY, DECEMBER 13 the eyes of Morgan Le Fay and assures me that the salt-baked black The Peoples Improv Theater presents tickets, visit www.carnegiehall.org. bass is perfect and the baked meat NOISE LEVEL Moderate SMALL BUSINESS SPEAKING AND Guinevere. He also managed to patties are exactly right. I say “acci- I can’t wait to return. NETWORKING SKILLS. The seminar will THURSDAY, DECEMBER 15, Pick squeeze in Iain Banks’ Matter, a dental” because he’s our friend Cas- show attendees how to deliver the most TO SATURDAY, of the recent finalist for the Prometheus sandra’s date, and we’ve just met. I will definitely go back. effective presentations and communicate DECEMBER 17 week Award, which is given each year “You may not like the meatballs I’ll let them simmer awhile. with confidence. The event will take Jazz at Lincoln Center by the Libertarian Futurist Society. A NEW HOLIDAY so soft and full of cheese,” he says, NO HATS Never again. place at Simple Studios, 134 W. 29th presents REVUE. With any luck, Mr. Wambua dragging an oval through a dab of St., from 7 p.m. to 10 p.m. The cost to Singer Kim Burrell will join the Jazz at Lincoln Center Orchestra with will resume his literary sojourns in feta mousse sauce. “But they are ex- attend is $75. To get more information and to purchase tickets, visit Wynton Marsalis in a performance of about four months. “I’ve been told actly correct. They are Greek.” ready for Maria Loi,soon to be a tel- www.thepit-nyc.com/section/small- new arrangements of holiday jazz and that about a year into this job I I explain to Cassandra why I’m evision fixture, making rounds of business-speaking-and-networking-skills spiritual classics. Performances will take can start reading again,” he said. not head over heels in love here: the room in her chef ’s whites, ask- or call (212) 563-7488. place at the Rose Theater, Broadway at —SHANE DIXON KAVANAUGH “We’re not whole-fish fans,”I admit. ing, “Do you like the food?” West 60th Street, at 8 p.m. on Thursday The moussaka is delicious. And I can’t imagine anyone saying, WEDNESDAY, DECEMBER 14 and Friday, and 2 p.m. and 8 p.m. on I’m wild about Maria’s version of “I’m not exactly thrilled with the Join Roy Fenichel Esq. and Donald M. Saturday.Ticket prices range from $30 conduct the Juilliard Ensemble. Artist pastitsio, the Greek béchamel- sort of chewy rooster in all this Bernstein Esq. for NEW YORK LIQUOR to $120. To get more information and to Jason Hackenwerth will also create an frosted macaroni with minced meat. gravy.” Or, “Maybe there could be LAW LICENSING, a free accredited purchase tickets for the event, visit installation of mobile structures for the continuing legal education class for www.jalc.org/concerts or call performances. The event will take place “But how many times a month more eggplant in the moussaka.” I lawyers. The class is designed for (212) 721-6500. at the museum’s Peter B. Lewis Theater, do you need to have moussaka? And resist and just say,“Thank you.” attorneys advising clients on liquor law 1071 Fifth Ave., at 2:30 p.m. and 4 p.m. it’s sort of expensive for everyday in The restaurant’s name is a tribute issues. It is worth three professional FRIDAY, DECEMBER 16, TO SUNDAY, each day.The cost to attend is $30 for the neighborhood.” to Maria’s grandmother, “a very practice credits and will be held at Bank DECEMBER 18 Guggenheim members and $35 for “Expensive?”She is aghast.“This strong woman, tough, born in Sar- of America, 50 Rockefeller Plaza, fifth Works & Process at the Solomon R. nonmembers. To get more information is cheap compared to Milos,”she re- dinia,”she said.“People called her by floor, from 8:30 a.m. to noon. To Guggenheim Museum presents PETER and to purchase tickets, visit minds me, savoring her share of the her last name, Loi.” register, call (646) 695-7925 or email AND THE WOLF. Renowned fashion www.worksandprocess.org or call $48 salt-baked black bass for two. Maria gives desserts away. Her [email protected]. designer Isaac Mizrahi will narrate the (212) 423-3587. story, and George Manahan will —suzanne panara “We paid $135 for a whole fish there partners think it’s time she drew up THURSDAY, DECEMBER 15 last week. If this were my neighbor- a menu and charged. “But I like to SCORE NYC presents BUILDING AN hood, I’d be here every night.” give the dessert,” she insists. AFFORDABLE WEBSITE. The seminar will Though she enjoys the pale fish On our most recent visit, she’s help attendees determine what type of soup,a porridge of seafood shreds and made Grandma Loi’s Greek panna website would work best for their needs vegetables,I find it somewhat bland. cotta, flavored with mastic instead and tell them about the costs and the Still, our other guest’s fish of the of vanilla, speckled with pomegran- technologies available. It will take place night—wildly fresh, delicately ate seeds, served in phyllo shells. It’s at the Science, Industry and Business cooked grouper with onions, chick- infinitely forgettable next to the Library, 188 Madison Ave., from 10 peas and parsley—is impressive.I love sturdy baklava,which has our Greek a.m. to 1 p.m. The cost to attend is $59. To get details and to register, call (212) the peasant salad,with its roof of feta. companion ecstatic. “It’s the best 264-4507, or visit Alas, the “crispy sweetbread” baklava I’ve ever tasted,” he cries. www.newyorkcity.score.org/events. starter I ordered as an entrée is not Is it really that good? I grab a tiny crispy at all:It’s floury,the exhilarat- piece of the pastry,amid the beignets, NETWORKING RECEPTIONS ing lemony accent not enough to whipped cream on phyllo pastry MONDAY, DECEMBER 12 undo the damage. My guy Steven’s strings, cheesecake with preserved NETWORKING FOR PROFESSIONALS invites lamb shank is a loutish hulk with black cherries. Yes, it is that good. I you to its “Shakers and Stirrers” business nothing to recommend it.It will not try to chew slowly to make the sweet networking event at O’Brien’s Irish Pub and Restaurant, 134 W. 46th St., from be easy to persuade him to return. nuttiness last, grooving on the sub- 6 p.m. to 8 p.m. Tickets are $10 for R I liked Compass in almost all of tle sighs of cinnamon and clove. its constantly evolving incarnations To view Crain’s classified events listings, go over the years. But maybe the space Copyright © 2011 by Gael Greene. to www.crainsnewyork.com/events needed new energy; maybe it was Syndicated by www.insatiable-critic.com.

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