Verizon TV Finds Mostly Static in NY

nb29p01.qxp 7/13/2007 7:00 PM Page 1

TOP STORIES MINORITY BUSINESS Inc., Fast Company Franchisers rush making comeback potential owners; under new owner 2 Crain’s Top 25 PAGE 2 ® lists Speaker Quinn is PAGE 17 the big winner as officials unveil Hudson Yards plan VOL. XXIII, NO. 29 WWW.NEWYORKBUSINESS.COM JULY 16-22, 2007 PRICE: $3.00 PAGE 2 Congestion pricing a textbook example BANK TALENT Verizon TV of Albany politics EDITORIAL, PAGE 12 SHORTAGE finds mostly People power brings back oldies; Pay soars as middle-market where else can it lending grows, poachers static in NY change media? chase experienced staffers VALERIE BLOCK, PAGE 13 faltering. Years before the BY TOM FREDRICKSON Telecom giant wins Verizon has been trying with- franchises in some out success since last October to vote, comptroller john kanas might not be the only banker headed out the reach a deal on a franchise in New war chests exceed door at Capital One. areas but has yet to York City to offer its FiOS TV $1 million mark The opportunity to hire away some of the 500 commer- reach a deal in city video service to 8 million people in cial bankers brought in by Mr. Kanas when he ran North the five boroughs. In the suburbs, THE INSIDER, PAGE 14 it has obtained a total of 46 cable Fork Bank, which Capital One acquired last year for nearly BY AMANDA FUNG franchises in towns and villages in $15 billion, could represent the greatest recruiting bonanza Long Island, Westchester County BUSINESS LIVES to hit New York banking in years. last week,Verizon Communica- and Rockland County since it And just in time. New York banks are facing a painful tions Inc.executives persuaded city launched FiOS TV in the region MYSTERY SHOPPERS shortage of commercial bankers. Out-of-state banks are ex- officials in Yonkers to give them two years ago. It hasn’t even start- They get paid to spy panding in the city and are in dire need of bankers to han- the right to offer its televi- ed to pursue other large upon the help PAGE 31 dle commercial business. Existing players also are paying sion service to residents. state New York cities, such See BANKS on Page 8 If the New York State as Buffalo and Rochester. Public Service Commis- 11%VERIZON’S Verizon’s problem is sion, the agency that issues market clear on Long Island, penetration cable franchises, votes in where it offers where it has obtained just favor of Verizon,it could be TV service 19 franchises and is trailing the telecom giant’s first big far behind rival Cablevi- win in New York—the city is the sion Corp.,which covers the entire fourth-largest in the state. region with at least 50 franchises. A victory in Yonkers would give “I wish it could be a more expe- the company a much-needed dited process,”says Monica Azare, boost, as its efforts to offer cable the Verizon senior vice president in TV throughout the state have been See VERIZON TV on Page 8 AT DEADLINE

ATTENDANCE ON BROADWAY IS UP 10.6% six weeks into the new season, and box office Duane Reade can’t grosses have jumped 8.7% from the same time last year. The lineup features three stanch the bleeding more shows than last summer’s, but theater executives say the main reason for the increase is the intense demand Makes meager gains SERIOUS CONDITION for tickets to several high- against encroaching profile shows scheduled to Duane Reade’s earnings and losses, close. Beauty and the Beast, rivals; heavy debt in millions. which ends a 13-year run at $20 the end of July, grossed more 0 than $1 million last week, and BY ELISABETH BUTLER CORDOVA -20 Tarzan sold out in its final -40 days before closing last week. nearly two years after Richard IN DEMAND: Fred Dreiling took the top job at Duane -60 Meagher moved from a THE CREDITORS OF SAINT Reade Holdings Inc., New York’s -80 VINCENT job at Bank of America Catholic Medical to a position with a biggest drugstore chain is still be- -100 Centers are blaming the bigger paycheck at leaguered. -120 hospital system’s former Gerber Finance. Reports filed last month show ’02 ’03 ’04 ’05 ’06 See AT DEADLINE on Page 2 that the company had sales of $1.6 Source: Company filings bekka lindström bekka buck ennis billion last year,little changed from 2005. Beyond that, it racked up

29 losses of $75 million—an im- forts have gotten bogged down in a

5 COMINGNEXT WEEK provement on the $100 million host of problems that include soar- Crain’s first report on the business of loss posted in 2005 but worse than ing rents and the run-down condi- sports looks at LUXURY SUITES, naming its $55 million worth of red ink in tion of many stores. Additionally, ELECTRONIC EDITION rights and more. Plus: a chart of the 2004. Duane Reade last made Duane Reade is staggering under area’s 20 professional teams. money in 2003. $405 million of long-term debt

NEWSPAPER Mr. Dreiling’s turnaround ef- See DUANE READE on Page 8 71486 01068 0 CNYB 07-16-07 A 2 7/13/2007 7:04 PM Page 1

AT DEADLINE

Continued from Page 1 area agencies for projects, management consultants for its Microsoft Corp. will unveil financial misfortunes, seeking software aimed at helping young the return of $30 million that professionals interested in the was paid to the consultants, as field connect with mentors. well as punitive damages.The suit was filed in state Supreme SOME ANALYSTS BELIEVE THAT Court against Huron RADIO NETWORK Westwood Consulting, Speltz & Weis, One, which is believed to be David Speltz and Timothy putting itself on the block, will Weis. Speltz & Weis, which find a buyer, despite fears that derived 80% of its 2004 revenue the departure of its top from Saint Vincent, merged management and eroding sales with Huron while both firms will deter a sale. Last week, the worked for the hospital— stock fell to a 12-year low—to triggering a conflict of interest, less than $6 a share—after the according to the creditors. broadcaster announced that its chief executive and chief EXECUTIVES AT LIZ CLAIBORNE financial officer were stepping INC. WHO LOSE their jobs in the down. “It’s not an expensive company’s retrenchment should stock right now,” says Daniel have a relatively easy time Scalzi, chief executive of Matrix landing new positions, say Investment Research. “There recruiters. “The caliber of their are smart private equity guys staff is high,” says Kirk Palmer, who wouldn’t mind that there’s founder of an eponymous no top management.” headhunting firm. For example, EMI MUSIC IN NEW YORK WORST IS OVER: The Trudy Sullivan was able to move dot-com bust created a to Talbots Inc. as chief executive FORMED a joint venture label backlash against when her responsibilities as with Union Entertainment innovation, says president were revamped as part Group, an artist management Mansueto Ventures of the changes at Claiborne. company in Los Angeles.The CEO John Koten.

The company is cutting as many label, called Audionest, will focus buck ennis as 800 jobs and promises to on artist development, branding significantly reduce its senior and promotion. Last month, management ranks. Warner Music Group inked a similar deal with hip-hop artist THE FOURTH ANNUAL Chris Lighty and his Brand Business as unusual ADVERTISING WEEK in New York, Asset Group. scheduled for Sept. 24-28, will feature a theme of social NEW YORK-PRESBYTERIAN Inc., Fast Company coming back, now need profits responsibility. It will include a HOSPITAL HELD onto its sixth- global cause-related exhibition, place ranking in the U.S. News & BY MATTHEW FLAMM a luncheon honoring Product World Report “America’s Best Red founder Bobby Shriver and Hospitals” survey. For the the presentation of case studies seventh year in a row, no other even the interns on the 29th floor of 7 World Trade Center have a spectacular view. Easy of issue-oriented ad campaigns hospital in the New York chairs near the floor-to-ceiling windows provide spots for impromptu meetings.Three walls such as Save Darfur. In addition metropolitan area made the are covered with state-of-the-art flat-screen monitors. to the usual Advertising Futures listing of the nation’s top 14 These cutting-edge offices are home to Mansueto Ventures, owner of Inc. and Fast program, which pairs New York health care institutions. I City high school students with Company, magazines that champion business innovation and creativity.To complete its own success story, all the company needs to do is start making money. Two years after Morningstar Chairman Joe Mansueto bought the titles for the fire-sale price THIS WEEK IN CRAIN’S of $35 million, they are defying expectations. As the publishing novice pours cash into the magazines and their Web sites, his efforts are producing enviable results in a category plagued NEIGHBORHOOD See ONE THING on Page 9

JOURNAL------10

VALERIE BLOCK ------13 THE INSIDER------14 Quinn turns out big winner SMALL BUSINESS ------15

WEEK IN REVIEW ------16 Development RFPs 10th Avenue between West 30th ous land-use review process. 33 REPORT: and West 33rd streets. Officials say The enormous project, which detail amenities that that securing her approval will give will be 20% larger than Rockefeller MINORITY BUSINESS------17 developers confidence that their Center, will require developers to speaker advocated; include affordable housing, parks, a REAL ESTATE DEALS------25 boost in 2009 race? The yards are cultural center and space on which a CLASSIFIEDS ------26 school could be built. Officials believe the profit-generating aspects BUSINESS LIVES------31 BY ERIK ENGQUIST the largest area of the development—market-rate condominiums, offices, retail and a CORPORATE LADDER------33 city council speaker Christine left to develop hotel—will generate enough rev- EXECUTIVE MOVES------34 Quinn emerged as the big political enue to pay for its social compo- winner in an agreement on the pa- in Manhattan nents, as well as produce hundreds THE WEEKS AHEAD ------34 35 rameters of a massive development of millions of dollars for the Metro- BOB LAPE ------35 over the Hudson Rail Yards. politan Transportation Authority, The speaker won a number of so- which owns the land. vol. xxiii, no. 29, july 16, 2007—Crain’s New York Business (issn 8756-789x) is published weekly by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals cial amenities, detailed Friday in re- The yards are the largest devel- postage paid at New York, N.Y. and additional mailing offices. Postmaster: Send address quests for proposals to develop the plans will win the necessary new opable tract of land in Manhattan. changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call (888) 909-9111. Fax (313) 446-6777.$3.00 a eastern and western halves of the rail zoning from the council. The east- The development will be served by copy, $59.79 one year, $109.79 two years. (GST No. 13676-0444-RT) ©Entire contents yards. They envision 12 million ern portion was rezoned in January the planned extension of the No. 7 copyright 2007 by Crain Communications Inc. All rights reserved. square feet of commercial, residen- 2005, but the western half must still subway line and will be part of a “vi- tial and recreational space west of go through the politically treacher- brant commercial, residential and

2 | Crain’s New York Business | July 16, 2007 CNYB 07-16-07 A 3 7/13/2007 6:54 PM Page 1 Techies take loans Goal: a 3-hour York area companies this past year, Debt financing ON THE UPSWING according to Ron Patterson, quicker than venture Debt of venture-backed U.S. companies MMV’s co-founder. Many venture-backed compa- tour funding, but it Year Companies Amount nies need more money to grow, 2000 127 $3.2 billion since the average time it takes to carries greater risk build a company to a sale or initial Hornblower wants 2001 171 $2.5 billion public offering has increased to BY AMANDA FUNG 2002 128 $828.6 million nearly seven years from four in the shorter Liberty waits; late 1990s. 2003 110 $577.7 million when feedroom needed a few Circle Line may fight million dollars to improve its tech- 2004 116 $1.0 billion Ready to expand BY LISA FICKENSCHER nology, the company didn’t bother 2005 178 $2.1 billion “it’s a great way to finance an setting up meetings with venture existing business,” says George capitalists to try to persuade them 2006 155 $2.0 billion Cigale,chief executive of Tutor.com. visitors to the Statue of Liberty BART FEDER: His company Source: Dow Jones VentureOne and Ernst & Young to invest more in the company. borrowed $5 million.million In May, the Manhattan-based and Ellis Island will experience Instead, the Manhattan-based software company that sells on-de- shorter lines after October, when company took out a loan that was mand, live tutoring services se- Hornblower Yachts Inc. expects to specifically structured for compa- BlueCrest Capital. Entrepreneurs debt for the same reasons. cured a $4 million loan from take over the National Park Service nies that are primarily financed by prefer venture debt because the With this type of loan,entrepre- MMV. The 9-year-old company contract for the ferry service. venture capital. loans don’t carry the strict financial neurs have to give up only a small will use the loan to expand its prod- Last month the San Francisco “Raising equity financing is very covenants of traditional bank loans. stake in the company—usually no uct for government institutions company,which also provides cruis- time-consuming,” says Bart Feder, Traditional loans typically require a more than 5%—in the form of war- and public libraries, a line of busi- es to Alcatraz, beat out five com- FeedRoom’s chief executive. company to perform at a certain rants that the lender can convert ness that has an annual revenue petitors for the business, including “There are so many hours in the level, and if the company does not into equity when the company is growth rate of 40%. Circle Line-Statue of Liberty Ferry day, and I want to focus on running meet those benchmarks, it will de- acquired or goes public.In contrast, But even a thriving company can Inc.,which has held the contract for the business.” fault. Venture debt does not have when entrepreneurs raise venture be hard-pressed to repay loans if 54 years. So, last month, FeedRoom bor- capital, they immediately have to revenues unexpectedly fall flat or Hornblower intends to shorten rowed $5 million in a venture debt give up as much as 15% of their take a nosedive, as they did during the wait time involved in taking tours. loan from London-based Blue- Silicon Valley company, depending on the fund- the dot-com collapse. For lenders, Crest Capital Finance. The entire ing amount. the risk is mitigated since they have process took a few months—half Bank is eyeing Nationwide, companies bor- the right to demand payback before the time it takes to get venture rowed about $2 billion last year, ac- other investors, including venture funding. debt deals in cording to Ernst & Young and Ven- capitalists. While venture debt has been a the NY region tureOne, a Dow Jones & Co. However, local entrepreneurs popular financing tool for tech research group. are confident in their businesses. ISLAND TRIP: Wait companies since the Internet’s ear- “There has been an absolute Send Word Now, an emergency times can reach hours.

ly days, this is the first time that lo- pickup in the venture debt market alert provider, plans to raise $5 mil- bloomberg news cal companies such as FeedRoom, in the past 18 months,” says lion to $7 million, some of which which delivers online video for Web Michael Moretti,a senior vice pres- will be debt. The company, which Unlike Circle Line’s first-come,first- sites, have been able to utilize it. these underlying terms and re- ident in New York for Silicon Val- has raised $15 million in venture served system, Hornblower’s will al- Venture debt is usually granted quires only the payment of the prin- ley Bank. “There’s a lot of liquidity. capital since its inception in 2001, low people to reserve a tour time. to venture-backed companies that cipal and a negotiated interest rate It’s a favorable environment—rea- expects to double revenue this year have somewhat predictable revenue over a period of time. sonable interest rates and low de- and now has about 300 customers, Putting team together growth and that have already been fault rates.” including Wal-Mart and Tiffany. the aim is to get visitors through subjected to rounds of due dili- Holding onto ownership SVB is currently eyeing a dozen “We have grown more mature,” security and the tour within two to gence. Few New York companies like their Silicon Valley counter- debt deals in the region,he says,and says Tom Shoemaker, chief execu- three hours. “Some people can were able to meet that standard un- parts, savvy Manhattan entrepre- the bank has had to add two people tive of Send Word Now.“As we look spend five hours on the tour,” says til recently. neurs see venture debt as a fast way to its New York office to meet the to do the next round, it’s a matter of Hornblower Chief Executive Terry Venture debt loans typically to get money to expand their fledg- demand.MMV Financial,a Toron- diversifying and being as smart as MacRae. range from $1 million to $10 mil- ling companies without diluting to-based specialty finance firm with we can.” Mr. MacRae was in town last lion and are provided by banks or their ownership.Venture capitalists a $300 million fund,completed nine week to meet with Parks Service of- specialty finance firms such as invested in the companies prefer venture debt transactions with New COMMENTS? [email protected] See FERRY LINE on Page 9

in Hudson Yards plan BY THE NUMBERS TOUGH ACT TO FOLLOW cultural district” including a new for five acres of public open space. $25 million in revenue to do so. An The initial public offering of private equity firm Fortress transit hub to the east and expand- The eastern rail yard will be 10% analysis by two developers interest- Investment Group early this year got Wall Street excited ed Javits Convention Center to the more dense, with 6.3 million square ed in the site put the cost of keep- about the public markets. Fortress shares have continued north, Gov. Eliot Spitzer said at a feet of offices, apartments, stores, ing the High Line at $117 million, trading above the offering price, but the four other New press conference. the hotel, parking, open spaces, and while a study by Friends of the The design guidelines in the a 200,000-square-foot cultural fa- High Line estimated $800,000. York City companies that have gone public in 2007 aren’t RFP for the Western Rail Yard per- cility to be selected by the developer At the announcement, Ms. faring as well so far. mit 5.7 million square feet of resi- and the city. About 80% of the de- Quinn was careful to give credit to dential and commercial develop- velopment will be commercial, said all who helped craft the RFPs, but IPO JULY 12 ment, with each using at least 20% Deputy Mayor Daniel Doctoroff. would certainly highlight her role DATE COMPANY BUSINESS PRICE PRICE % CHANGE of the space. The RFPs encourage preserva- in securing the social components 02/08 Fortress Investment Finance $18.50 $24.79 +34.0% The Western Rail Yard will be tion of the northern end of the of the plan if she runs for mayor as Group the site of most of the social ameni- High Line, a defunct rail viaduct expected in 2009. “I believe we will 02/14 Quadra Realty REIT $15 $12.65 -15.7% ties. At least a fifth of rental units that runs along the southern and get plans back from developers that Trust Inc. must be affordable, and developers western perimeter of the site. De- have an appropriate amount of com- Blackstone Group $31 $30.00 -3.2% can build even more units if they in- velopers will be allowed to submit mercial and residential develop- 6/21 Finance clude permanent affordable hous- proposals that preserve or demolish ment, but will also have open space, 6/21 Care Investment REIT $15 $14.51 -3.3% ing. Space must be set aside for a the High Line.While the RFP says a cultural center and a significant Trust public school, and a commitment that that MTA will favor proposals component of permanent affordable 6/26 BlackRock Kelso Finance $16 $15.01 -6.2% made to provide low-cost adminis- that retain the High Line, the housing,” she said. Capital Corp. trative space for community and agency has signaled that it would Source: Securities and Exchange Commission filings cultural groups. The request calls probably not sacrifice more than COMMENTS? [email protected]

July 16, 2007 | Crain’s New York Business | 3 CNYB 07-16-07 A 4 7/13/2007 6:56 PM Page 1

IN THE MARKETS HIGHLIGHTS REEL Limping Children’s Place 420 +0.7% 410 400 looks ripe for the picking The Bloomberg/ 390 Crain’s New anticipate children’s tastes makes the 1996 through 2005; but the company es- Second-quarter woes stock riskier than many others. But it is timates the North American market York Index 380 rose 0.7% seen as temporary; priced accordingly. It carries the lowest would support 300 stores on top of its cur- price-earnings multi- rent 876. Additionally, to end the 370 week at history of bounce-backs ple in a group of 14 it could develop a new ➡ NO FUN peers, according to concept to fire up 405. The 360 S&P 500 405 Bloomberg data. Weekly closing stock prices. growth or turn around BY TOM FREDRICKSON Children’s Place a troubled chain. Index rose 350 $80 1.4%, trades at 16 times the That’s what Chil- $44.96 closing at 340 he children’s place is hav- last 12-months’ earn- dren’s Place did in 1553. ing a summer to forget. Last ings,versus an average 70 2004, when it inked a 330 week, the kids’ apparel retail- of 21 times earnings licensing deal to oper- 01/12/07 07/13/07 er reported a 4% drop in com- for its closest com- ate nearly 300 Disney parable store sales for June at petitors,The Gap Inc. 60 Stores. Last year, oper- RISERS Tits own branded stores and a 3% drop at and the Gymboree ating margins at those its licensed Disney Stores. The company Corp. locations hit 1.6%, ac- 5-DAY 1-MONTH 3-MONTH CLOSING 50 % CHANGE % CHANGE % CHANGE PRICE also said that earlier projections of a The Secaucus, cording to Ms. Chang. NYSE Euronext +9.9% +3.2% -11.2% $83.22 $17 million loss in the second quarter N.J., company, which Margins had been a now look overly optimistic. sells its own brand of 40 negative 9% in 2003. Cognizant Technology +9.2% +9.2% -1.4% $86.18 Children’s Place shares took a nose- apparel and acces- 7/14/06 7/13/07 Children’s Place Hess +8.5% +12.0% +14.3% $66.12 dive on the news.The stock dropped 17% sories for newborns to had earnings of $3.32 Market cap $1.3 billion Comverse +7.7% -0.6% -0.7% $22.10 on the week,closing at $44.96,and is now 12-year-olds, has a share last year, up Schering-Plough +6.4% +4.9% +16.3% $32.48 nearly 40% below its peak reached in late stumbled before and Trailing 12 months P/E 16.3 39% from 2005. Sales October. Considering the size and main bounced back each Net profit margin 4.2% rose 21%,to $2 billion. reason for last week’s sell-off—the com- time. In 2002, mer- Analysts expect per- SINKERS pany misjudged style trends and had to chandising missteps share earnings to de- 5-DAY 1-MONTH 3-MONTH CLOSING make major markdowns to move un- led to a 16% decline in cline to $3.24 a share % CHANGE % CHANGE % CHANGE PRICE wanted inventory—it looks like a solid same-store sales. The company respond- this year and to rebound to $3.89 in 2008. McGraw-Hill -6.1% -7.5% +3.6% $63.57 buying opportunity. ed by refocusing on value merchandise An investigation of options backdat- OSI Pharmaceuticals -5.7% -7.0% -4.8% $33.71 “I think [the setback] is a temporary and sharpening its marketing.Since then, ing may force an earnings restatement. thing,” says Morningstar Inc. analyst it has averaged 10% annual gains in same- The probe has delayed SEC filings, but Phillips-Van Heusen -5.1% -6.3% -1.4% $56.44 Michelle Chang. “Children’s Place had store sales. Children’s Place says it expects its filings Liz Claiborne -4.7% +1.2% -16.9% $36.65 impressive, double-digit same-store sales True, Children’s Place is no longer to be current by the end of August. Jarden -4.6% -1.2% -1.2% $42.18 gains last year that were hard to beat.” adding locations at the blistering 25% The heavy penalty paid for failing to compound annual rate it achieved from COMMENTS? [email protected]

STOCKS TO WATCH by Erik Ipsen Pending merger of money-losing grocers fails to move investors or A&P shares Four months after A&P uncorked its $36 We offer contractors more plan to buy rival Pathmark for $670 $35.77 million, A&P shares have see-sawed, despite claims that the deal would Brooklyn’s most complete building materials lead to $150 million in cost savings yard just added doors, windows, and millwork. and black ink by 2008. Trouble is that 35 the grocer has been trying to shrink its Park Avenue carries the national brands and quality supplies contractors and construction firms way back to profitability—slashing demand.Park Avenue is a direct distributor of Benjamin Moore, USG, National Gypsum, costs and dumping weak stores—for years, with only mixed results. A&P is Sika, Laticrete, Ardex, Glen Gery Brick, Armstrong, Guardian, Johns Manville and more. expected to report its third straight 34 Now we’ve added doors, windows & moulding, for all your renovation and remodeling needs. quarterly loss this week. M T W TF Armstrong Flooring Department All things are relative. This week, J.P. Morgan Chase & Co. is expected to post Benjamin Moore Paint Deptartment an impressive 14% gain in second-quarter earnings. But that rise would mark a sharp slowdown from the company’s average 38% profit growth for the 24’ Marshalltown Masonry Department previous four quarters. Blame rising interest rates and a cooling economy. No Warehouse stocked with National and wonder J.P. Morgan’s shares have lagged the market badly, rising a mere 3.6% this year. It could be worse: Citigroup and Bank of America are actually down. USGUSG drywal lll, Jo hns Manv illille R oo fifing, & Marinoware steel Veteran money manager Mario Gabelli $61 likes to share his success. The chief $60.00 executive of Gamco Investors has pledged to distribute at least 40% of earnings directly to shareholders. True to form, the firm last week announced 60 a $1 special dividend. Aided by strong equity markets, Gamco is expected to 2120 Atlantic AvAve. (at Saratoga & Howard Avenues) report a 20% jump in profits in two Tel: (718)4033-0100-0100 • w www.parkavebuilding.comww.parkavebuilding.com weeks. The continual flood of happy Visit our other location at 525 Parkrk Ave.Ave. betweenbetween BedfordBedford & NostrandNostrand Aves. tidings has the stock soaring nearly 59 Park Avenue; Not Your Typical M/WBE 60% this year. M TFW T charts: lindström bekka

4 | Crain’s New York Business | July 16, 2007 Project6 5/24/07 4:12 PM Page 1

WORK LOCALLY. AND GLOBALLY.

INTRODUCING THE NEW BLACKBERRY® 8830 WORLD EDITION.

Sleek, stylish and complete with the latest features. The new BlackBerry 8830 World Edition has all the tools you need to keep in touch. • Provides access to voice, data, e-mail and downloads around the globe. • Lets you use one local number that can be reached abroad. • Equipped with voice recognition, trackball navigation, media player and more. • Bluetooth® capable for certain profiles.*

LIMITED-TIME OFFER: GET THE BLACKBERRY 8830 WORLD EDITION FOR ONLY $399.99 2-year price less $100 advanced device credit, less $100 mail-in rebate = $199.99 with new 2 year activation on any voice 99 plan of $39.99 monthly access or higher and a data feature of $ $44.99 monthly access, or any new Voice and Data Choice after SM 199 rebate Bundles Plan starting at $79.99 monthly access, or higher.

SO YOU CAN WORK AT HOME AND ABROAD. CALL 1.800.670.0222 OR VISIT VZW.COM/BLACKBERRY

VERIZON WIRELESS COMMUNICATIONS STORES See store for Return/Exchange Policy. MANHATTAN 57 W. 57th St. 100 Wall St. & Water Westbury Smith Haven Visit the Verizon Wireless Store 342 Madison Ave. btwn. 5th & 6th Ave. (Closed Sat & Sun) 49 Old Country Rd. 1 Smith Haven Mall & 43rd St. 212-980-4860 212-510-6160 516-937-2960 631-382-3720 inside Circuit City and BJ’s. 212-856-6100 581 Broadway NASSAU SUFFOLK WESTCHESTER Staffed with Verizon Wireless employees. Union Square 1/2 block south of Houston Rockville Centre Bay Shore White Plains Verizon Wireless 859 Broadway 212-431-4613 265 Sunrise Hwy. South Shore Mall The Westchester Mall in select locations. 212-206-7587 516-594-0346 631-968-5432 914-286-4100 Hablamos Español

Activation fee/line $35. IMPORTANT CONSUMER INFORMATION: Subject to Customer Agmt, Calling Plan, rebate form and credit approval. Up to $175 early termination fee and other charges. Offers not available everywhere. While supplies last. Shipping charges may apply. Rebate takes up to six weeks. *BlackBerry 8830 supports Bluetooth profiles for wireless headset, hands-free profiles and serial port profiles. The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties of and trademarks or registered trademarks of Research In Motion Limited — used by permission. © 2007 Verizon Wireless. CNYB 07-16-07 A 6 7/13/2007 1:14 PM Page 1

NEW YORK,NEW YORK edited by Valerie Block Knowledge Asian-food veteran plans empire is power. tar chef anita lo (right) plans to launch a new restaurant this fall, expanding her culinary footprint in Sthe city. Ms. Lo, co-owner of the award-winning Annisa restaurant and the Rickshaw Dumpling Bar chain, Crain’s offers a series of Breakfast signed a lease at 308-310 Bleecker St. last week, according to Forums throughout the year that industry sources. She plans to open a 120-seat Asian barbeque will enlighten and empower you. spot with a 40-seat garden.The restaurant, still unnamed, will serve plated food and boast Log on to newyorkbusiness.com waiter service. If it’s successful, the Michelin- and click on Events for a list of starred cook plans to open additional branches upcoming Forums. around the country. Ms. Lo declined to comment on the new eatery, but she said in a recent

interview that she hopes “to build an empire.” new york times/redux China, concerned shoppers are several flex-fuel models. “I’m Underwriting asking their grocers whether the hoping that, through our call fresh catch they see in their stores center, we can encourage people to its own ticket came from the Communist use these cars and that the sometimes it pays not to have country. requests will grow,” Mr. Rutter commercials. While the radio To reassure consumers, says, noting that clients won’t have industry is growing ad sales at a Fairway Market put up a sign to pay more to go eco, since the snail’s pace, declaring that it’s abiding by the cars cost less than the luxury tiny ban, which prohibits the sale of Lincolns he typically provides. CRAIN’S BREAKFAST FORUMS WFUV- farm-raised catfish, basa, shrimp, Commonwealth joins Ozocar THE MOST TRUSTED NAME IN NEW YORK BUSINESS® FM is dace and eel from China. Seafood as one of the few limo companies having a Director Tony Maltese says basa, a in New York to boast a green boom year. type of catfish, was one of his top strategy.“We see this as the next The three sellers. Many of his change to happen to our industry,” Fordham customers have since switched to Mr. Rutter says. “People who are University flounder. progressive and jump on this will station, Balducci’s benefit, and those which seafood manager, who are not features John Ramos, COMING OF AGE progressive will vintage New York DJs such as considers signage Online grocer FreshDirect suffer.” Dennis Elsas (above) and news from a good plan, since turned five last week. NPR, just broke the million- he’s getting Revenues Over $200 million* Long established dollar mark in underwriting constant queries Hotel commitment revenue for the first time in its 20 from his Annual sales growth 20% spiffs up years as a professionally run customers. Employees 1,750 noncommercial station. “People are park Grants from the likes of online concerned about Customers since inception Weiser LLP picnics Certified Public Accountants ticket-seller Theater Mania and shrimp more than 462,734 Columbia University helped any other item,” *Industry sources. Source: FreshDirect new yorkers WFUV end fiscal 2007 last says Mr. Ramos, wondering where month with $1,175,366 in who gets his shrimp from Central their free-concert-going peers find underwriting revenue—a 30% America and the United States. their fancy picnic baskets might to the jump over last year’s total. try calling Jumeirah Essex House. New York City New York By comparison, radio ad The Central Park South hotel 135 West 50th Street Next generation New York, NY 10020 business community revenue on commercial stations started offering stocked baskets Tel 212.812.7000 has been growing at about 1% a Limo service this summer in an effort to raise Fax 212.375.6888 For nearly a century,Weiser has provided year, according to the Radio awareness of the grande dame, Long Island accounting, tax, and consulting services, such Advertising Bureau. if his movie star clients want to which has new management and 3000 Marcus Avenue as state and local tax planning, internal audit “We focus on the quality of the ride in a Toyota Prius (below), is undergoing a $90 million Lake Success, NY 11042 outsourcing, and business restructuring, audience,” says WFUV’s Dawson Rutter is ready to oblige. renovation. Tel 516.488.1200 to private clients and business enterprises, corporate underwriting sales That’s why the president of A cool $150 per person buys Fax 516.488.1238 including closely-held and emerging entities, director, Shari Rosen Ascher, Commonwealth Worldwide the Ultimate Essex House Westchester in a variety of industries including: speaking like the ex-radio Chauffeured Transportation will Gourmet, which includes smoked 660 White Plains Road saleswoman she is. add the trendy hybrids to his fleet salmon, foie gras, fine chocolates Suite 430 • Real estate The station limits itself to just in August. and mini brioche.The $85 cheese Tarrytown, NY 10591 • Manufacturing and distribution three 20-second spots an hour. OK, so he’s starting with just basket is most popular, says Tel 914.333.0555 • Auto dealerships Fax 914.333.0556 “The spots really stand out,” Ms. six cars—three in New York and Christian Gradnitcer, the hotel’s • Media and communication Rosen Ascher says. three in Boston—in a fleet of 180. executive chef. • Banking New Jersey But Mr. Rutter expects 20% of his Utensils, a blanket, a park map, 399 Thornall Street • Food and dairy vehicles to be fuel-efficient by this cucumber-scented wipes and bug Edison, NJ 08837 • Health care Grocers tackle time next year. He already owns repellent are included in attractive Tel 732.549.2800 • Financial services Fax 732.549.2898 knapsacks, purchased from the • Professional services fish scare Central Park Conservancy and www.weiserLLP.com • Not-for-Profit the fishy food stories coming good for a $40 refund if returned. For more information, contact Douglas Phillips at 212.375.6701. out of China are spooking New Yorkers. Despite the Food and Contributors: Lisa Fickenscher, Matthew Drug Administration’s June 28 Flamm, Louise Kramer, Miriam Kreinin ban on five types of seafood from Souccar

6 | Crain’s New York Business | July 16, 2007 Project2 7/11/07 1:22 PM Page 1

Knows responding to claims quickly helps save his customers money.

Knows the speed limit is not just a suggestion.

Yes, there’s a Commercial Auto insurer that’s as responsible as you are.

At Liberty Mutual, we want claims management to begin as quickly as you do. The sooner an investigation starts, the better we can preserve critical evidence, document the damage, contact all parties involved, and resolve your claim. We assign a Claim Specialist according to your unique situation. And in the end, we can help improve your company’s bottom line.

For more information on insuring your business, visit libertymutual.com/business.

WORKERS COMP COMMERCIAL AUTO PROPERTY GENERAL LIABILITY UMBRELLA GROUP BENEFITS

Verizon TV service mostly static

Continued from Page 1 half a million FiOS TV subscribers erators don’t see Verizon as a com- VERIZON is charge of public policy and govern- nationwide last month.It reported a petitive threat,” says Jessica Zufolo, required by law ment affairs for New York and Con- penetration rate of 11% across 10 a telecom analyst at Medley Global to wire an entire area within five necticut. “I would have liked every- states, including California, New Advisors. “Cablevision might be years. thing done sooner, but we are Jersey, Texas and Florida, where it bothered, but I don’t get the sense proceeding within the confines of can offer FiOS TV statewide with- that Verizon is deeply penetrated in the law and the nature of the politi- out obtaining individual municipal Long Island.” cal process.” franchises.A similar statewide fran- Cablevision, with about 3.1 mil- chise has not passed in the New York lion cable subscribers in its New York High stakes Legislature. metro coverage, says its market share the stakes are high.Verizon is ex- “Verizon is at a point where they remains untouched even where it pected to spend close to $23 billion have enough franchises to keep de- now competes with Verizon. Time through 2010 on its nationwide ploying fiber and meet metrics,”says Warner Cable, the dominant cable

fiber-optic network to deliver TV, Paul Glenchur, a senior vice presi- provider in New York City, where it larry ford telephone service and high-speed dent and analyst at the Stanford has about 1.1 million subscribers, Internet to residents.It can’t afford to Washington Research Group. says Verizon’s entry into its national was out for a month due to a surgi- “In areas where we have secured fail,since it continues to hemorrhage But those numbers may not be coverage area has been minimal. cal procedure,prolonging the six- to franchises, the clock has started to landline customers to cable compa- enough. Although Verizon expects nine-month process. tick. We must have the entire area nies—Verizon had 44.2 million penetration rates to increase to 20% Lengthy process On top of that, state law requires built, and we are doing that,” says landlines at the end of the first quar- to 25% by 2010, the numbers are a for the most part,Verizon’s slug- Verizon to wire an entire area with- Ms. Azare, declining to specify Ver- ter, down 7.9% from a year earlier. far cry from those of its cable rivals. gish entrance into New York state in five years.The additional require- izon’s future plans for New York. Possibly more worrisome, Veri- New York City cable incumbents has been attributed to the process of ment puts more pressure on the “Additionally, we are continuing to zon isn’t signing up many customers Cablevision and Time Warner Ca- having to go from town to town to company, which also has to deal build our fiber into the premises in even where it can offer the service. ble boast penetration rates of 68% win franchises, a tedious and with the engineering challenges of areas we plan to go.” Verizon declined to release New and 55%, respectively. lengthy task. Ms. Azare recalls one installing fiber in urban and subur- York statistics but said it had close to “At the end of the day, cable op- instance in which a town attorney ban areas. COMMENTS? [email protected]

to squeeze out profits by lending to of 10 commercial banking jobs. Of businesses instead of investing in course, the downside of such a strat- Banks facing talent shortage bonds or lending to home buyers. egy is that, once trained and sea- Hiring bankers away from other in- soned, bankers often get poached. Continued from Page 1 pay, they are having trouble finding chovia, M&T Bank and Bank of stitutions offers the prospect of a “There are always risks that your more attention to growing their share enough qualified people at any America have been expanding ag- quick loan boost as the bankers best people will be hired away once of middle-market lending,one of the price.The roots of the current crisis gressively. Commerce hired 11 bring over their customers. you train them, but our people are few opportunities banks have for can be traced to the 1990s,when the commercial lenders in 2006 and 10 aligned with the business that growth right now. number of banks and thrifts shrank this year. Sovereign and Wachovia Adding staff brought them in and hired them,” The competition for talent is by more than a third because of have each added 10 commercial citigroup has bulked up its mid- says Siobahn Schroth, president of sending pay sky-high. Base pay mergers and consolidation. The bankers to their local operations in dle-market banking unit in New commercial banking in metro New ranges from $125,000 for the aver- merger wave put many bankers out the last year. The other banks say York City and plans to increase its York for Bank of America. age banker to $175,000 for a star, up of work and led to a virtual halt in they are also adding staff, but commercial banking staff by a third Mr. Kanas’ departure from Cap- roughly 25% in the last two years. advanced credit training. wouldn’t disclose numbers. in the next 18 months. Given that it ital One last week caught some by Bonus compensation ranges from “Every major bank wants to be in is a relatively small player and won’t surprise, since he was expected to $50,000 for average bankers to Few training programs New York City,because it’s a valida- disclose local employment num- stay on through 2009. But the cred- $150,000 for a select few. “it used to be that every major tion for them,” Mr. Meagher says. bers, it’s difficult to ascertain how it card giant is still trying to craft a “Bankers in the New York mar- bank in New York had five to six While demand is high for all significant the move will be. retail banking strategy and may have ket these days can do quite well,” training classes per year, training types of bankers, it is especially high “We are growing and have been wanted its own management at the says Fred Meagher, executive vice 100 to 150 bankers,” says John Si- for lenders capable of handling the very aggressively hiring in the tri- helm of North Fork. president of Gerber Finance Inc. mons, a partner at Corporate Fuel complex credit needs of middle- state area,” says Jorge Bermudez, While North Fork bankers may Mr. Meagher should know. He Partners and a former commercial market businesses with $5 million to chief executive of Citi Commercial be the most coveted, smaller oppor- recently moved from Bank of Amer- bank executive in New York. $100 million in annual revenues. Business Group. “One of our tunities are presenting themselves as ica, where he was a senior client “There are few formal training pro- Out-of-state banks aren’t the biggest constraints is having the well. HSBC Bank USA in recent manager, to a job with more respon- grams in the banking industry only ones chasing these customers. bankers to do so.” weeks quietly reorganized its com- sibility and a bigger paycheck at these days.” Homegrown banks are also falling Several banks now say they are ex- mercial banking unit in New York, Gerber, an asset-based lender. At Spurring demand for more in love with the middle market all panding their training programs. reassigning the head of the unit and Bank of America,he fielded as many bankers has been a push by out-of- over again. Among the reasons for Bank of America goes further than laying off as many as 10 senior as three calls a week from head- state banks into the commercial loan the local interest are the flat yield most banks to develop talent, train- bankers. hunters in the months before he left. business in New York. Commerce curve and the slowing housing mar- ing newly hired graduates and other But as much as banks want to Bancorp, Sovereign Bancorp, Wa- ket. These negatives require banks internal candidates for about four out COMMENTS? [email protected]

each of the past three years. going there for decades, but that chain’s 3.6% drop in pharmacy rev- Unfortunately for Mr. Dreiling, customer has been dying off,” says enues last year. Duane Reade hurting Walgreens is intent on expanding its Marshal Cohen, chief analyst at re- As if Duane Reade didn’t have highly successful model in New tail trend-tracker NPD Group Inc. enough difficulties,its management Continued from Page 1 uniforms mandatory and spiffing up York.The company boasts 34 stores “Duane Reade’s competition has is contending with a probe of its ac- taken on when private equity firm nearly 100 of its 245 locations with in the city and plans to open at least done a better job of being a younger, counting practices. The chain re- Oak Hill Capital Partners bought it brighter signs and improved store- 10 shiny new ones next year. cooler and hipper place.” cently restated results for 2000 to for $700 million in 2004. fronts. No. 2-ranked CVS/pharmacy In recent exit interviews, NPD 2004 after independent counsel dis- “You can’t over-leverage these Those moves helped increase has been opening stores here at a found that even regular customers at covered several improperly reported retailers,” says Michael Appel, a front-end sales: higher-margin, feverish pace and now has more Duane Reade stores that had under- real estate transactions .The U.S.at- managing director at Quest Turn- nonpharmacy items, including hair than 90 New York locations. gone one of Mr.Dreiling’s makeovers torney launched a criminal investi- around Advisors. Stores typically products,cosmetics and candy.Such Duane Reade executives, who didn’t notice any difference. gation in May. have high overhead in the form of sales, which account for more than declined to comment for this article, Duane Reade blames former rent and inventory costs, which half of Duane Reade’s total rev- must defend their turf with a slew of Favored by few CEO Anthony Cuti for “intention- leaves little room to pay off major enues, rose 2.8% last year. That aging outposts. Each year, the com- “they haven’t scored high enough al financial reporting misstate- debt. helped boost gross margins to pany closes underperformers and to become a favorite place to shop,” ments,” according to SEC filings. Mr. Dreiling has made some 20.5% from 19.0% in 2005. opens new stores—it recently Mr. Cohen says. “It’s all about con- Mr. Cuti, who ran the company for progress. The veteran retailer, who agreed to take over eight former venience.” nine years, was ousted in November had been chief operating officer at Relatively speaking Gristede’s markets—but it can’t af- Duane Reade faces a special set 2005. the $5 billion Longs Drug Stores but the gains look positively puny ford to address all its problem loca- of problems in the pharmacy. A payday looks a long way off for chain in California, settled a long- compared with those achieved in re- tions at once. Medicare and private insurance Oak Hill,which had hoped to fix up running contract dispute with 3,600 cent years by some of Duane Reade’s Given a choice, more and more plans are pushing drugstores to sell the chain and either take it public or union employees early on. He also rivals.Walgreens,the nation’s largest shoppers are bypassing Duane cheaper, generic versions of com- sell it to a rival. moved quickly to burnish Duane drugstore chain, has increased its Reade. monly prescribed medicines. That Reade’s image, making employee front-end sales by just over 11% in “The older generation has been trend is partly responsible for the COMMENTS? [email protected]

8 | Crain’s New York Business | July 16, 2007 CNYB 07-16-07 A 9 7/13/2007 2:51 PM Page 1

Zenith Media. Mansueto Ventures remains op- One thing Fast Company, Inc. need: profit timistic nonetheless, particularly in light of the robust growth of its Web Continued from Page 2 tions soared into the mid-double longtime giants are suffering: For- In some ways, it’s a miracle that properties. Ad revenues for its sites by revenue and ad page declines. digits in the second half of 2006. A tune’s ad pages dropped 18% during the magazines are still alive. are expected to grow 50% this year Through the first half,Fast Com- similar performance is expected to the period; Forbes’ were down 3%. In 2000,the previous owner,Ber- and to contribute 20% of total rev- pany’s ad pages jumped 8% and ad be reported for the first half of 2007. Mr. Mansueto says his patience telsmann division Gruner + Jahr, enue, compared with 15% in 2006. revenue grew 14%, to $14 million, Such single-copy sales gains are will pay off. “I don’t expect these paid a combined $540 million for More sites will begin rolling out in according to Publishers Informa- considered a sign of vitality. things to be hugely profitable in the both titles, which went into free-fall the fall. tion Bureau. At Inc., ad pages rose short term,”he says.“But I do expect after the stock market crash. Fast Mr. Koten projects total revenue 4% and ad revenue climbed 7%, to Rivals falter them to be nicely profitable in the Company was particularly damaged to rise about 30% this year.The bot- $38 million. the progress comes as rivals falter. long term, and that’s why we can as Web companies, along with their tom line is on track to improve by $3 Even more surprising, news- Ad pages at Time Inc. title Business make investments now when others demand for ad pages, disappeared. million, he says. stand sales growth for both publica- 2.0 fell 34% in the first half. Even are cutting back.” By the time G+J put the titles on the block in 2005, some bidders wanted Back on track them only for their subscription lists. observers think that Fast Compa- Fast Company’s upturn has been a ny, which recently lured Robert Ferry line: service will improve particular surprise, even to insiders. Safian away from Fortune to be its “It’s partly what we’ve done and editor, is back on track. partly that after the dot-com [bub- “It was the same magazine Continued from Page 3 proval. Additionally, the Parks De- “Circle Line has had one one-hour ble burst], a backlash against inno- month after month,” says Rishad ficials and potential suppliers. He partment contract, worth about meeting with Hornblower, and it vation made for a difficult environ- Tobaccowala,chief executive of De- also began putting together the New $350 million over 10 years, requires would be inappropriate to discuss ment,” says John Koten, Mansueto nuo, a division of Publicis. “Now York team, which will be headed by Hornblower to buy the seven boats the details of that meeting or what Ventures’ chief executive. “A lot of they actually have reporters, and Scott Thornton,general manager of that Circle Line uses for the service. other strategies we may pursue. We that has run its course.” they’ve improved the feel of the Alcatraz Cruises. The agency puts the price tag at will be evaluating all our options.” Despite the improving metrics, magazine and the advertising.” Hornblower could launch about $20 million, but Circle Line Hornblower would like to make Mr. Koten acknowledges that the Some media buyers say Inc. and www.statuecruises.com and begin says the boats are worth more, ac- other improvements when it takes company hasn’t met its original fi- Fast Companyappeal to a small but de- accepting job applications as soon as cording to a lawsuit filed against the over the service. It will outfit boats nancial goals. voted group of readers. That can give next week.The company says it’s in- Parks Department when it put the with plasma-screen televisions for Both magazines still struggle to them an advantage over larger com- terested in hiring some of Circle contract up for bid last year.The suit multimedia programs aimed at edu- get the attention of marketers, more petitors if they make the right moves. Line’s 150 employees who now was dismissed, but Circle Line cating visitors about the historic of which are turning to the Internet “They have to play a different work on the route. could raise that and other issues in a sites and will make podcasts avail- to reach business readers.The entry game from Fortune or Forbes,” says new legal action. The contract rep- able. of Condé Nast Portfolio has brought Michael Nicholas, a managing di- Official hurdles resents the lion’s share of the com- Even items at the snack bar will be additional pressure. rector at Carat Boston. “Their sales but hornblower must clear a pany’s revenue. “It’s not uncommon upgraded to include healthier choic- “Unless they’re banging down pitch works on quality,not tonnage, number of hurdles before it can im- for the incumbent to make a es and organic fare,Mr.MacRae says. your door, you don’t think of [Inc. and that can take a lot more work.” plement its New York plan—in- protest,” Mr. MacRae says. and Fast Company],” says Michael cluding getting congressional ap- A Circle Line spokesman says: COMMENTS? [email protected] Neiss, a senior vice president at COMMENTS? [email protected]

Few things in life are more gratifying than the responsive nature of the Porsche Cayman. Translating your every instinct into action with its 245-hp, 2.7-liter, mid-mounted flat-six engine, it provides compelling compensation for your purchase decision. See your local Porsche dealer for details. Porsche. There is no substitute. A dream come true. How’s that for a return on investment?

The Cayman. Leases starting at $589 per month.

2007 CAYMAN LEASE Manhattan Pepe Porsche Prestige Porsche $ /MONTH Motorcars (914) 397-0100 (845) 627-0002 589 48MOS (888) 810-7419 White Plains, NY Nanuet, NY $4,484 due at lease signing Excludes tax, title, and license fees. New York, NY No security deposit required.

Actual lease price determined by your Authorized Porsche Dealer, your payments may vary. Closed-end lease offered to qualified lessees with approved credit by Porsche Financial Services, Inc. through participating dealers through 7/31/2007. Estimated payments based upon MSRP of $50,195 (includes destination charge). Price excludes title, taxes, registration, license fees, insurance, and maintenance. Lease payments of $589.44 for 48 months = $28,293.24 based on capitalized cost of $44,045 (includes dealer participation). Total due at signing $4,484.44 (first month’s payment, acquisition fee of $745, and capitalized cost reduction of $3,150). At lease end, lessee pays excess wear, $.30/mile over 40,000 miles and $350 termination fee. Purchase option at lease end $26,603.35 plus taxes. Specific vehicles and options are subject to availability and your price may vary. See participating dealers for details. For your nearest dealer, call 1-800-PORSCHE or visit www.porscheusa.com.

July 16, 2007 | Crain’s New York Business | 9 CNYB 07-16-07 A 10 7/13/2007 12:44 PM Page 1

Neighborhood Journal Crain’s names Green vision for Gowanus new ad director Conservancy makes BIG CHANGE: The like the one that followed a 2003 re- once-toxic Gowanus zoning of nearby Fourth Avenue. plans for cleaned-up Canal now has live fish. Already, megadeveloper Shaya Boymelgreen has drawn up plans for Journal’s Adler joins Brooklyn waterway Gowanus Village, a mixed-use de- to oversee online, velopment including 350 condo- BY ERIK ENGQUIST minium and rental apartments. The paper sales; Cognard project is essentially on hold until the entral park has one. city finishes its zoning-change plan. to focus on brand So does Westchester’s “There’s a lot of pressure on the jeff adler joins Crain’s New York Otter Creek Preserve simons stewart area to become more residential,and Business as advertising director and Montauk’s famed The launch comes at a key time. that seems to be what City Planning Monday. Shadmoor bluffs. But The Department of City Planning is focusing on as well,” says Andrew Mr.Adler,39,will oversee all ad- Cuntil recently, the idea of a conser- is crafting new zoning that is ex- Simons, the canal conservancy’s vertising sales efforts for the weekly vancy organization to oversee and pected to spur housing construction president. print paper and its Web site, protect Brooklyn’s hyperpolluted on both sides of the canal, where in- The group would like the city to www.newyorkbusiness.com. The Gowanus Canal seemed weird—if dustry once dominated. Developers ensure public access to the canal,per- most recent ad director, Vanessa not out-and-out illogical. are planning big residential projects. haps in the form of promenades paid Cognard, takes the new position of Times change. The waterway, And efforts to further improve wa- for by developers of the adjacent land brand manager for print and online, buck ennis once so toxic that little besides ter quality are moving forward, al- and managed by the conservancy. It with responsibility for raising Jeff Adler cholera bacteria could survive in it, though slowly. wants green roofs and other water- awareness of Crain’s in the New York has been cleaned up in recent years. Major changes for the canal area retention measures to stop sewage market. tive at People and the international Now it boasts not only live fish but its are widely seen as inevitable. What from flooding the canal when it rains. Mr. Adler comes to Crain’s from edition of Time. own guardian angel: the Gowanus people disagree about is what they Mr. Simons, a graphic designer Dow Jones & Co.’s The Wall Street Mr. Adler started his publishing Canal Conservancy. The organiza- should be. who lives a block from the waterway, Journal. For the past two years, he career at Condé Nast Publications, tion was actually formed last fall but “Attitudes toward development adds that the city should also turn worked for the newspaper’s interna- working at Bon Appetit as a sales rep- is just getting going, following the in the neighborhood and the future the streets that terminate at the canal tional division and was charged with resentative. Prior to the move into death of its founder, Tom Char- of the canal are deeply divided,”says into “parklike entrances.” He be- increasing the advertising by U.S. the publishing industry, he held po- davoyne,in March.Bob Zuckerman, John Muir, a local environmentalist lieves the model should be Hudson companies in Dow Jones’ interna- sitions at advertising agencies De- who had run the chamber of com- and longtime canal advocate. He River Park, but he says that could tional products. Vito/Verdi and Kirshenbaum Bond merce in leafy Greenwich Village, and other self-described “old- take “a 15- to 20-year plan.” Before joining the WSJ,Mr. & Partners. was tapped last month as the conser- timers” want to avoid a flood of Adler worked at Time Inc., where vancy’s first executive director. high-rise apartment construction, COMMENTS? [email protected] he served as a senior account execu- COMMENTS? [email protected]

Equal Opportunity Lender

We’ve got the link you’ve been missing.

Introducing ADVANTAGE BANKING from Atlantic Bank.

Now you can create a Business Advantage Relationship by linking your Business or Commercial Checking to a Business Money Market Account. The combined balances make it easier to avoid monthly fees, reward you with preferred rates on your Business Money Market Account, and provide a host of value-added services.

• Avoid Checking Account Fees • No Application Fees • EARN Premium Money Market Rates • Financing Options • Cash Reserve for Business • Telephone Banking • Free Internet Banking • Plus, much more!

For additional information call: 1.800.535.2269 • www.abny.com

Your partner for success Sixteen convenient locations • Brooklyn • Manhattan • Queens • Westchester

10 | Crain’s New York Business | July 16, 2007 Project4 7/6/07 3:56 PM Page 1

Decide what you want before you open the fridge. You’ll save energy, and you might even save calories.

Leaving your AC on when you’re out is like tossing money out the window. 25 cents an hour, to be exact. ©2007 Consolidated Edison Company of New York, Inc. Ad: Arnell Group Ad: Inc. ©2007York, Consolidated Edison Company of New

FIND MORE ENERGY SAVING TIPS AT CONED.COM CNYB 07-16-07 A 12 7/13/2007 11:12 AM Page 1

VIEWPOINT Textbook Albany politics editor in chief Rance Crain publisher Jill R. Kaplan t is possible that over the weekend,Mayor EDITORIAL Michael Bloomberg was able to persuade editor Greg David Assembly Speaker Sheldon Silver to pass the city’s managing editor Richard Barbieri deputy managing editors Valerie Block, congestion pricing plan. Even so, the recent Erik Ipsen assistant managing editors machinations over the mayor’s bold proposal are Carmen Fleetwood, Robert Hordt yet another example of why Albany policymaking columnist Alair Townsend senior reporters Aaron Elstein, will never be cited in any civics textbook for how Lisa Fickenscher, Matthew Flamm, government is supposed to work.The process Tom Fredrickson, Samantha Marshall, disenfranchises legislators and voters. Anne Michaud, Miriam Kreinin Souccar I reporters Barbara Benson, Elisabeth Butler No bill goes to the floor of either the Assembly or the Cordova, Erik Engquist, Amanda Fung, Hilary Potkewitz, Gale Scott Senate unless it has been OK’d by the speaker or the restaurant critic Bob Lape majority leader, usually after the two men have agreed on the art director Steven Krupinski deputy art directors Carolyn McClain, particulars with the governor and special interests. What’s Daniel Mednick best for the state is rarely the top consideration. staff photographer Buck Ennis copy desk chief Wendy Zuckerman In this case, Mr. Bloomberg made an admittedly radical copy editors Michele Arboit, Thaddeus Rutkowski proposal to deal with two major problems facing the city: research editor Denise Southwood traffic congestion and the need for money to improve the associate research editor Adrianne Pasquarelli mass transit system. www.NewYorkBusiness.com His solution—an $8 fee for cars entering Manhattan online editor Catherine Tymkiw south of 86th Street—addressed both issues in the most online reporter Kira Bindrim jeffrey fehder comprehensive way possible. It received widespread EDITORIAL AND ADVERTISING OFFICES THE MAYOR’S congestion plan has 711 Third Ave., New York, NY 10017-5806 support from civic groups, virtually every important What’s best garnered surprisingly wide support. editorial: 212.210.0277 Fax 212.210.0799 advertising: 212.210.0259 newspaper (including Crain’s) and a surprisingly broad Cable craincom nyk group of political leaders. Gov. Eliot Spitzer endorsed the for the state that have been cryptic Fax 212.210.0499 Entire contents ©copyright 2007 Crain concept, though not every detail of the plan. is rarely the top at best. Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP So far, so good. It shouldn’t be this Inc., used under license agreement. Then the realities of Albany took over. Senate Majority consideration way. Mr. Silver should TO SUBSCRIBE: Call 888.909.9111; fax 313.446.6777. Leader Joseph Bruno, a Republican, signed on to the plan. have moved the $3.00 a copy, $59.79 one year, $109.79 two years. Not because he thinks it’s a good idea but because the mayor’s proposal to the www.NewYorkBusiness.com mayor is one of Mr. Bruno’s biggest campaign contributors, floor for a vote. ADVERTISING AND MARKETING advertising director Jeff A. Adler helping him preserve his two-seat majority in the Senate. Legislators would have brand manager-print & interactive Assembly Speaker Sheldon Silver, a Democrat, wouldn’t approved or rejected it, or could have substituted another Vanessa Cognard business development manager go along. It’s true that many Assembly Democrats, especially version.They could have voted their conscience or reflected Robert N. Grossman members from suburban areas with vocal constituents who the views of their constituents. Either way, they could have senior account manager William E. Squitieri drive into the city, have doubts about the plan. But there has been held accountable at the next election. account executives Andrew Carlin, Lisa Pearly, Jennifer Siniscalchi, been little debate between those members and the mayor’s But doing so would mean New York’s becoming a Brigitte Stieglitz supporters. Instead, the maneuvering has focused on Mr. democratic state—small “d.” So far, that remains an ideal western account manager Ellen Mazen (Los Angeles) 323.370.2477 Silver, who keeps everyone guessing with public comments found only in textbooks. sales manager, classified print & online John Gallagher newsletter product manager Catherine Evans Gittens sales coordinator, print & online LETTERS TO THE EDITOR Lulé Haznedari sales coordinator Anita Perrino credit Pat Grondziak 313.446.6082 marketing manager Jill H. Bottomley circulation manager Andrea Richardson general manager, interactive Jack-FM’s demise is unmourned Marc Minardo

NEW YORK PRODUCTION THERE’S NOTHING LIKE the IT’S ABOUT TIME they to be the “old” format, which best thing that Jack-FM had going production and pre-press director oldies (see Crain’s online dumped Jack. I hope includes the 1950s and on. for it was a varied playlist. Michael Corsi poll, Page 13). Good they will be able to re- eea rinaldi-sabia But the smart-ass tone was advertising production manager riddance to Jerk FM! sign some of the on-air tired: Been there, done that. And Marilyn DeMilta joe wright personalities like THEY SHOULD REHIRE Micky Dolenz, lack of basic weather, traffic and PUBLISHED BY CRAIN COMMUNICATIONS INC. Morning Mayor Harry since he was there when they news information—no matter how chairman Keith E. Crain I WANT TO LISTEN TO oldies Harrison. abruptly left us. brief—was really off-putting to president Rance Crain secretary Merrilee Crain from the 1950s, 1960s woody forns regina alongi this “boomer,” who is on the verge treasurer Mary Kay Crain and 1970s, as before— of becoming a “golden oldie” executive vp, operations William Morrow not the 1980s and 1990s. IF THEY WANT TO REGAIN ADDING 1980S MUSIC to the oldies herself. senior vp, group publisher Gloria Scoby gary metzger their audience, it has got lineup is a great idea, because the annette stramesi group vp, technology, circulation, manufacturing Robert C. Adams vice president/production & manufacturing David Kamis chief information officer Paul Dalpiaz WHAT’S COMING UP IN CRAIN’S? corporate circulation director Patrick Sheposh Business Top office leases Top M.B.A. Small business Unions Top founder G.D. Crain Jr. (1885-1973) of sports and building sales programs awards in New York health insurers chairman Mrs. G.D. Crain Jr. (1911-1996) report lists list report report list July 23 July 30 Aug. 6 Aug. 13 Aug. 20 Aug. 27

12 | Crain’s New York Business | July 16, 2007 CNYB 07-16-07 A 13 7/13/2007 12:05 PM Page 1

Brown paper a difference? Well,what would happen if CNN put on a broadcast dominated by Paris Hilton—or any other airhead of the moment—and packages tied nobody came? The collective backlash could be building already, if response to a recent outburst by MSNBC newscaster Mika Brzezinski is any meas- up in string. . . ure. The daughter of former Carter National Security Adviser Zbig- niew Brzezinski refused a few weeks ago to lead MSNBC’s fledgling morning show with a Paris Hilton story.She tried tearing,burning and finally shredding her news copy, as co-host Joe Scarborough chided her and rolled footage of Ms. Hilton’s release from the clink. She may have lost that battle,but a video clip of that riveting cable moment made it to YouTube and has been viewed more than 3 million times. The newscaster has been lauded all over the Web for her small john h.john howard act of courage. . . . Crain’s readers The positive feedback doesn’t mean MSNBC will break its Hilton habit. But with the lowest ratings of will find their favorite the cable news networks, it’s got the Media mutiny least to lose from trying a smarter things in Crain’s presentation. There’s been much hand-wring- ing in the media community over Life Gift-Giving Issue. can get results the fact that young people get more and more of their news from the For the first time, Crain’s Life will he best news this week is that WCBS-FM is fake anchors on Comedy Central. It’s not just because Jon Stewart and explore the art- and science- of returning to its oldies format. Good riddance to Stephen Colbert are funny. They gift-giving to provide Crain’s Jerk FM!” place emphasis where it’s deserved It’s not my line, but that reader’s sentiment and provide insights and analysis affluent readers with insight and speaks for many New Yorkers. And it just goes to that many viewers should be getting tips into navigating New York’s from traditional outlets. Tshow that sometimes the people do have the power. The comedians hold politicians virtual and physical retail scene. New Yorkers revolted en masse when CBS Radio dumped accountable for their statements, often playing back earlier contradic- This fresh new package will have their beloved oldies sta- across the country. tions.They scold real news outlets for tion for the sterile Jack Can this people- their transgressions—like leaning advice from shopping pros and a format in a bid to appeal power affect other areas too heavily on celebs.They interview unique gatefold map to give to younger listeners. By of media and entertain- smart subjects who can shed light on Crain’s tuning out,they forced a ment? The music in- the burning issues of our times.They trendsetter readers a major corporation to eat dustry finally got the give their viewers respect and get re- simulated shopping experience crow. message when con- paid with robust ratings. Turns out it’s better sumers became fed up Meanwhile,magazines,newspa- and show them how to best find to have an older audi- with expensive CDs pers, radio stations and television those perfect gifts for clients, ence than no audience— stuffed with mediocre networks owned by major corpora- well,to be fair,about half songs. By sharing files tions spend too much time pander- family and friends. the audience. Caving in VALERIE for free,fans forced a sea ing to the lowest common denomi- to pressure, the broad- BLOCK change in the way mu- nator. A growing number of people Crain’s Life Gift-Giving Issue casting company is put- sic is sold.iTunes can be are speaking up for change. The ting the popular classic- considered a direct re- Web makes it easier for them to get Issue Date: Sep 10 hits format back on the airwaves not sponse to the public’s frustration. their point across. Media conglom- only in New York but in other cities Where else can the people make erates can listen or get left behind. Ad close: Aug 23

For advertising information CRAIN’S ONLINE POLL contact Vanessa Cognard at WILL YOU LISTEN TO WCBS-FM NOW THAT IT HAS RETURNED 212-210-0732 or TO ITS OLDIES FORMAT AFTER 2 YEARS AS JACK-FM? [email protected] MOST OF THE 339 RESPONDENTS No, I don’t listen to oldies and don’t plan on starting welcome the return of the oldies format. .20% Yes, I One in five were drawn by the addition of No, I prefer WCBS-FM’s was a fan Jack format 5% ’80s music to the lineup. A little less . 50% and 5% . can’t than a third said they won’t tune in. Five No, I listen to oldies on . wait for satellite radio oldies’ percent listen to oldies on satellite radio, return and 5% prefer Jack-FM. One in five said .20% Yes, the addition of ’80s they weren’t fans of oldies music. music appeals to me

For readers’ comments, see Letters to the Editor on Page 12. CNYB 07-16-07 A 14 7/13/2007 12:22 PM Page 1

Big savings on workers’ comp COMPTROLLER RACE Lots of cash THE INSIDER THE 2009 PRIMARY FOR CITY COMPTROLLER is more than two years away. But a reform bill passed in March will the three leading candidates, all term-limited members of the City Council, by Erik Engquist and Anne Michaud reduce workers’ compensation rates have amassed million-dollar war chests. by 20%,or about $1 billion,far more Brooklyn Councilman Simcha Felder than expected. raised over $700,000 in the six-month filing WAR CHESTS Gov. Eliot Spitzer announced period ended last week. Some $300,000 SIMCHA FELDER the reductions last week to came from a single event hosted by Mayor Raised Pier pressure eases in Brooklyn spotlight his work on a compromise Michael Bloomberg at his townhouse. Mr. in which labor groups won an Felder, a Brooklyn Democrat, now has $1 $700,000 ne of the nastiest economic development fights in increase in the maximum weekly million on hand. MELINDA KATZ the city—an effort by the Bloomberg administration income benefit in exchange for a Rival David Weprin of Queens raised Raised limit on the number of weeks some $267,000 in the period and has more than to evict American Stevedoring’s shipping operation benefits could be doled out. Earlier $1.2 million on hand. He has been O predictions had been that the cuts $650,000 from Pier 7 on the everywhere on the business and civic circuit DAVID WEPRIN A RED HOOK PIER Brooklyn waterfront— would be between 10% and 15%. will no longer be An insurance spokesman says as he seeks to raise his profile. But an aide Raised the focus of appears headed for a no objections are expected from the claims the Democrat’s recent fund-raising development was limited because he spent much of the controversy. peaceful resolution. state’s 250-plus insurance carriers. $267,000 Sources say the arrival filing period in budget hearings and meetings JAMES BRENNAN as chairman of the Finance Committee. The Raised of Robert Lieber as Wanted: health budget was settled less than a month before president of the city the July 11 filing deadline. $38,000 Economic Development coverage study Melinda Katz, also from Queens, raised Corp. and the departure moving a step closer to a hefty $650,000 during the period and has $1.5 million in the bank. providing health insurance for all Assemblyman James Brennan, D-Brooklyn, another comptroller hopeful, ap images of Executive Vice New Yorkers, the state Department raised a meager $38,000, bringing his total to $261,000. President Kate Ascher have opened the way for a deal. Under of Health issued a request for The comptroller candidates can spend $3.8 million on the primary, with the proposal, American Stevedoring will remain where it is, proposals for a contractor to analyze as much as $2.1 million coming from matching city funds. and Long Island City, Queens-based Phoenix Beverage, universal coverage possibilities.The contractor will consider three ways which had been scheduled to take its place, will move to Pier to provide coverage: variations on Michael Bloomberg’s girlfriend, is the large recent increases in transfer- 11 instead. existing private and public health guest editor for Shattered magazine’s tax revenue. coverage mechanisms, public June/July issue. In the year-old “Bob Lieber is really a breath of challenge its eviction in court, says coverage financed entirely or publication about women breaking fresh air,” says an aide to Rep. Jerrold its president, Gino Lucci. He had a predominantly through broad-based the glass ceiling, Ms.Taylor writes Panelist Rudy Nadler, who has been a staunch permit that expired in April but public financing, or both. about why women are raises funds defender of the shipping operation. says EDC told him last winter that underrepresented in banking. One difficulty is that the plan he would probably not have to a panel discussion Monday with requires Picture Cars Enterprises, move for two to five years. Banking chief Rudy Giuliani won’t feature too many which houses trucks for movie An EDC spokeswoman says turns editor Sweeping reform tough questions for the presidential productions, to be evicted from Pier only that several companies, which of subprime loans candidate. It’s hosted by three of his 11 to make room for Phoenix she wouldn’t name, are interested in diana taylor, former state banking supporters: Home Depot founder Beverages. Picture Cars will Pier 11. superintendent and still Mayor hearings promoted by state Sen. Kenneth Langone, billionaire Jeff Klein, D-Bronx, on subprime financier Wilbur Ross and Ernst & lending fiascos are designed to Young Chairman and Chief generate momentum for Mr. Executive Jim Turley. Do you Klein’s reform bill. The event itself is a fund-raiser The legislation goes well beyond for Mr. Giuliani’s campaign. know a standard consumer-protection Tickets to the 5 p.m. forum on measures, such as mandatory “business leadership and the Crain’s warnings to people applying for economy,” which is at the Grand subprime mortgages. It would ban Hyatt and is followed by a loan flipping and refinancing when reception, start at $250. there is no tangible benefit to the borrower, and would prohibit loans that borrowers cannot afford. Clarke alone Moreover, Mr. Klein says, it would on impeachment Under punish mortgage brokers when they 40 arrange bad deals for borrowers. rep.yvette clarke (below), Forty? Mr. Klein hopes the bill will D-Brooklyn, is one of 14 House pass during a special session this members co-sponsoring a bill summer, but that appears unlikely, calling for the impeachment of given the sweeping nature of the Vice President Dick Cheney. But not legislation. one of her New York colleagues has joined her. “It looks as Groups push if the bill is for green funds unlikely to garner green groups are pushing Gov. enough To celebrate the 20th anniversary of the 40 Eliot Spitzer to sign a bill to earmark support in the under 40 program, Crain’s New York Business is $287 million annually in real estate House for putting together a reunion. We are trying to transfer tax revenue for the state passage,” locate past 40 honorees to hear stories on how Environmental Protection Fund. explains an getty images being a 40 has affected them and their The fund, founded in 1993, is Yvette Clarke aide to one of careers. getting $212 million this year from the New York Crain’s editors consistently select honorees the tax. Mr. Spitzer had proposed lawmakers. “Given the bill’s current who are young, driven and making their mark an increase in funding but wanted prospects for moving, this has the on their respective industries and we are the money to come from an potential to distract from other interested in finding out where they are now. expanded bottle-deposit bill. important matters and could imperil If you are a past 40 or know someone who However, the Legislature did important potential policy gains.” is please send an email to not pass one. Mr. Spitzer’s aides Ms. Clarke, a freshman, [email protected] with current contact would not say if the governor will campaigned on an antiwar platform approve the increase without the last year. information. bottle bill as a funding source. A spokeswoman says, “It’s about Insiders believe he won’t, despite accountability.” I

14 | Crain’s New York Business | July 16, 2007 CNYB 07-16-07 A 15 7/12/2007 3:10 PM Page 1

SMALL BUSINESS

Trash specialist makes big switch AT A GLANCE OLD COMPANY: ENVIROTRON Services managed Trash removal Hires contractors to provide additional isting clients as well as prospects. dustry, ChainStar makes its money Margin 10% Mr. Fitzgerald’s decision to go on the gap between what it charges Number of contractors services; goal is to fatten profit margins beyond waste removal is unusual, chain stores and what its contractors used 1,250 says Chaz Miller, director of state charge the company. Since some standards, ChainStar requires three programs for the National Solid jobs are small, profits hinge on the NEW COMPANY: CHAINSTAR BY LOUISE KRAMER to five references from retailers, plus Waste Management Association. ability to drive big volumes of busi- Services managed Trash proof of appropriate licensing, “But it doesn’t surprise me, because ness through the network of service removal, security, elevator repair, ometimes it takes an ab- bonds and pricing.Checking all that of the competitive advantage of of- providers. To do that, Mr. Fitzger- call centers, storefront cleaning solute disaster to force an out proved time-consuming. fering another service to clients,” he ald hopes to bring in an outside in- entrepreneur to change To get word out about Chain- says. “It’s another reason for a cus- vestor and vastly expand marketing Margin 35% course. Star, Mr. Fitzgerald hired his first tomer to use your service.” efforts to win new accounts. Number of contractors For James Fitzgerald, full-time salesman and sent him off The hard part is that as a general used 5,500 Shis moment of truth came on Sept. to attend trade shows and call on ex- contractor in the maintenance in- COMMENTS? [email protected] 11,2001.In the aftermath of the ter- rorist attacks of that day, new business dried up for Envirotron, the company he had built.He had started by managing waste removal contracts for New York office buildings and hotels and worked up to handling contracts for retail and restaurant chains across the country. Rather than take his $235,000 disaster loan from the Small Business Administration and press on with an enterprise already facing stiff competition,Mr.Fitzgerald decided to step back and see what else he could do. In the end, he took Envirotron and hugely broadened its scope. He added services ranging from fire extinguisher repair and pest control to security staffing and elevator maintenance. In effect, he created a one- stop shop for retailers’ facilities needs and capped off the transfor- mation by rechristening his company ChainStar USA. “Our mission is to take services that are difficult for our clients to manage and make them invisible,” Mr. Fitzgerald says. Rising revenues the shift has paid off. Revenues topped $6 million last year, five times their pre-Sept. 11 totals. New services bring in 42% of total revenues, and the company’s client list has grown to 3,500 chain store outlets,including White Castle,Amer- ican Apparel and Duane Reade. “We just call him, and he puts out a bid and puts in the new service,” says John Vogt,director of operations WHY SHOULD YOU BE QUOTING HIP? for White Castle’s 48-store New York region. A longtime trash-re- ASK THE BROKER WHO TOOK YOUR SALE. moval client, Mr. Vogt uses Chain- Star to find security guards and fire extinguisher repair services, oversee If you’re not quoting HIP, you can rest assured that your competition is. their performance and centralize all their billing.That has freed up White • 6% Commission on HIP Select EPO/PPO* Castle to concentrate on its business of selling burgers, Mr. Vogt says. • 4% Commission on HIP Classic HMO Switching from trash specialist to facilities generalist wasn’t easy. • Plans starting as low as $223/mo. • Free eyeglasses, massage therapy, $200 gym Mr. Fitzgerald spent more than • Leading facilities like Montefiore Medical Center, reimbursement and alternative medicine.** $750,000 on the effort.He began by North Shore / Long Island Jewish and Lenox Hill Hospital. targeting individual stores and • Rated “excellent” by the National Committee for groups of stores rather than pitching • 25,000 physicians in neighborhoods where your Quality Assurance for Commercial HMO & POS plans. to entire chains. He also hired a clients live and work. • Flexible cost-sharing options available. business coach,who helped evaluate • A broad range of products to suit your client’s needs his company’s strengths. Adding services also required for both slice or full replacement. laying a lot of groundwork. For openers, he had to build up a net- Call for more Visit HIPUSA.COM work of firms that could do the work information: 1-888-447-7864 in the cities where he already had clients. Typically, Mr. Fitzgerald looks for mom-and-pop outfits that * For new business on Select EPO/PPO only. Accredited by the National Committee for Quality Assurance (NCQA). A nationally recognized ** Only applies to HIP Classic and Small Group HIP Select EPO/PPO products. evaluation that purchasers, regulators, and consumers can use to assess managed care plans. know a market intimately, can re- Commercial HMO and Commercial Point-of-Service plans. spond quickly to calls and can deliv- ® 2007 HIP Health Plan of New York. er top-quality work. To ensure high

July 16, 2007 | Crain’s New York Business | 15 CNYB 07-16-07 A 16 7/12/2007 7:54 PM Page 1

WEEK IN REVIEW

own middle-market business.The ECONOMIC SPOTLIGHT deal is Lazard’s first since the firm went public in 2005. Inflationary Hot Spots News at Fox Medical care is rising faster than any other category in the New York area, and at more than twice the general inflation rate, over the past year. former nbc Entertainment President Kevin Reilly was hired Medical care 5.7% as entertainment chief at Fox Broadcasting Co. two months after being ousted from the Education 3.5% Peacock network. … The long- anticipated Fox Business Network Housing 3.2% will launch on Oct. 15 in 30 million households. All items 2.5% Court TV Other goods & services 1.5% makeover as part of a massive branding Apparel 0.5% bloomberg news effort, Court TV will be renamed truTV.The name will debut on Transportation -0.6% Claiborne trimming fat Jan. 1, along with a new logo and expanded lineup focused on LIZ CLAIBORNE INC. is putting 16 of its 36 brands on the action-based reality programming. Recreation -1.0% block in an effort to improve its growth prospects and reduce its dependence on department stores (Crain’s, July 9). The Source: U.S. Department of Labor Utility merger labels generate sales of about $800 million. Chief Executive moving forward Economy Watch WILLIAM MCCOMB (above) said the retailer would also cut between 600 and 800 jobs, or 7% to 9% of its nonretail keyspan corp. and National Grid NYC’s unemployment rate stayed below 5% for a 10th month. The 3-month staff. The moves are expected to save $100 million in 2008 reached an agreement with each rolling average for the most recent period was 4.4%, versus 5% a year earlier. other and with the state’s Public APRIL ’07 MAY ’07 COMPARISON and an additional $90 million over the following two years. Service Commission on the NYC jobless rate 4.4% 4.9% 4.5%1 utilities’ $11.8 billion merger.The deal calls for a freeze on base gas- 2 NYC employment change -700 +6,300 +31,300 The end of Jane scheme to pay illegal kickbacks to delivery rates through 2012, which NY area inflation change +0.5% +0.6% +2.5%3 plaintiffs in securities lawsuits. He will save customers $600 million. 1-U.S. unemployment rate. 2-Change since December 2006. 3-Inflation rate for the latest jane will publish its final issue is expected to cooperate in 12-month period. this month.The Condé Nast government investigations of Pinnacle suit magazine has struggled in the two other partners. Mr. Bershad, who years since founding editor Jane was indicted last year along with a group of tenants filed a NYC Hotel Stats Broadway’s New Record Pratt left. Advertising pages former partner Steven Schulman, federal lawsuit against landlord Average room rates and occupancy Attendance and gross slipped in the dropped 20.9% last year. Jane’s agreed to forfeit $7.75 million and the Pinnacle Group and its owner, levels rose again in May, PKF Con- week ended 7/8, says The League of Web site will also shut down. pay a $250,000 fine. Joel Weiner, alleging harassment, sulting data show. The averages for American Theatres and Producers. fraud, rent overcharges and illegal the year to date were $265.46 and But the season is off to a strong start NBC for teens evictions.The suit claims that Mr. 82.9%, topping year-earlier levels of vs. ’06, with attendance up 11% and Clinton book Weiner systematically evicted $236.07 and 82.3%. gross up 9% for the first six weeks. on sale Sept. 4 nbc news inked a three-year deal tenants to raise rents, primarily in with student network Channel Harlem, Washington Heights and former president Bill Clinton’s One to produce a daily newscast the Bronx. newest book, Giving: How Each of and other content for teens. 300,000 $23 Us Can Change the Starting in the fall, NBC will World, will hit devote a 15-member production Harry Potter 280,000 22 stores on Sept. 4. staff to the venture. Channel One sales heat up $18.5 The 256-page reaches 7 million middle school 260,000 21 tome, published and high school students barnes & noble inc. said more 240,000 20 by Random nationwide. than 1.2 million copies of Harry House’s Alfred A. Potter and the Deathly Hallows Knopf, will have were preordered from the 220,000 19 Starrett sale nixed an initial run of company’s bookstores and Web 200,000 18 750,000 copies. federal officials shot down site, making it the retailer’s biggest 6/17 6/24 7/1 7/8 investor David Bistricer’s preorder sale ever.The newest LaBranche $1.3 billion bid for housing Harry Potter movie broke records Capital IQ’s Weekly Deals Report development Starrett City.The at the box office, garnering checks options owner, a group led by financier $44.8 million in its first day. TRANSACTION SIZE Disque Dean that COMPANY/LOCATION (in millions) BUYER/INVESTOR TRANSACTION TYPE specialist trading firm wants to extract LaBranche & Co. tapped itself from the Times Co.’s ALM Media Holdings Inc. $630.0 Incisive Media Plc SB M&A Manhattan Freeman & Co. Securities and state’s Mitchell- ratings cut Actimize Inc. $280.0 NICE Systems Ltd. SB M&A Weil Gotshal & Manges to Lama subsidized Manhattan explore strategic alternatives, housing program, standard & poor’s cut Sunrise Medical Laboratories Inc. $168.0 Sonic Healthcare Ltd. SB M&A which could include a sale.The plans to pursue its ratings for the New Hauppauge, L.I. firm, which expects to post a other sale options. York Times Co. to two 180 Connect Inc. $8.0 Laurus Funds Inc. GCI second-quarter loss, agreed to sell levels above “junk” Woodbury, L.I. the American Stock Exchange Lazard status, citing falling Brainstorm Cell Therapeutics Inc. $5.0 ACCBT Corp. GCI operation to Cohen Specialists. advertising sales and Manhattan buying the broader newspaper Clickable Inc. $3.0 Pequot Ventures, Schoffstall Ventures, GCI decline.The company’s Manhattan Union Square Ventures, Monster Milberg partner Venture Partners and angel investors lazard ltd. ad revenue dropped agreed to acquire 8.5% in May. Selected deals announced during the week of July 1 for companies headquartered in metro New pleads guilty York. GCI: Growth capital investment represents new money invested in a company for a minori- investment bank —from staff ty stake. SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing former milberg weiss partner Goldsmith Agio reports and shares of a company without the participation of a financial buyer. David Bershad agreed to plead Helms & Lynner IF IT BLEEDS, IT LEADS: S&P bloomberg news

bekka lindström bekka guilty to charges related to a to jump-start its downgraded Times Co. reports

16 | Crain’s New York Business | July 16, 2007 CNYB 07-16-07 A 17 7/12/2007 2:41 PM Page 1

MINORITY BUSINESS INSIDE The largest minority- and women-owned companies PAGES 21-24 “If we’re not targeting minority communities, shame on us.” —Scott Colabuono, Fantastic Sams International, Page 19

Groups get more Franchises move in

RONALD JOHNSON work on remembers that Once ignored, opening his first Papa John’s Pizza minorities are projects restaurant in Harlem was a tough pitch. courted with Developers set fee discounts, goals to ensure minority firms loan deals receive contracts BY TINA TRASTER BY FRAN HAWTHORNE ronald johnson remembers what it was like when he opened when muss development co. his first Papa John’s Pizza restau- was building the Marriott Hotel rant in Harlem seven years ago. in Brooklyn in the mid-1990s, “Most franchises were still Muss agreed to try to award 20% to 25% of the design and con- building stores in wealthier white struction work to women- and neighborhoods, not in innercity minority-owned firms. black neighborhoods,” says Mr. In the end, those firms received just about 15% of the Johnson, 39. “Opening that first contracts for the $230 million store on Malcolm X Boulevard in project, according to Bill How- 2000 was a tough pitch. There ell, chairman of the Downtown was a lot of resistance, a lot of Brooklyn Advisory and Over- sight Committee, which nego- MINORITY worry about crime.” tiated the agreement with the FRANCHISEES Until recently, minority com- developer. munities were ignored by the fran- A sampling Fast-forward to 2004, when of successful chising industry, and franchisors Muss launched a $42.7 million businesses seldom recruited minority fran- expansion of the Marriott.It set Pages 19-20 chisees. But that is starting to the same goal with Mr.Howell’s change. As some franchisors reach group, and the targeted firms their saturation point in suburban mar- got more than 35% of the work. kets, they see new opportunities in mi- Building is booming all over nority neighborhoods, where there is a the city, and opportunities have ready labor force and consumer spend- improved for minority contrac- ing is on the rise. And they realize that tors since that first shovelful of to break into those markets, it helps if dirt was turned on the Marriott their franchises are owned by minority about a decade ago. entrepreneurs. Community groups say the “People want to do business with improvement is the result of people who look like them,’’ says Stan pressure they’ve put on devel- Friedman, an Atlanta-based franchise

See CONTRACTORS on Page 18 buck ennis See FRANCHISES on Page 19

TheThe Mid-Atlantic’sMid-Atlantic’s #1#1 SBASBA LenderLender Commerce Bank is the Preferred Lender of small businesses because we are locally operated and committed to helping local businesses succeed.

For more information or to apply for an SBA loan, call Elena Mullahey at 1-888-751-9000.

Member FDIC commerceonline.com

July 16, 2007 | Crain’s New York Business | 17 CNYB 07-16-07 A 18 7/12/2007 2:45 PM Page 1

REPORT MINORITY BUSINESS A BIGGER SHARE Agreements and goals for select projects. Contractors getting more work ATLANTIC YARDS The Brooklyn megaproject’s developer signed a community benefits agreement pledging to give minority contractors 8% of Continued from Page 17 black-owned but that they received come more competitive. The city’s preconstruction work and 30% of construction work. opment firms,which they insist were less than 5% of prime contracts un- Department of Small Business Ser- CITI FIELD The Mets have a goal of giving minority firms 25% of construction all but forced to hire more minority der $50,000 from municipal agen- vices and School Construction Au- contracts for the $600 million stadium (above) being built in Queens. contractors. According to develop- cies.The study found similar dispar- thority, for example, have made YANKEE STADIUM The Yankees signed a community benefits agreement ers, though, the contractors have ities for other minorities. strong efforts to mentor, hire and pledging that minority construction firms would receive 12.5% of contracts for grown and matured, and can now promote minority contractors. handle more sophisticated jobs. Program assistance The SBS hosts networking ses- the $800 million Bronx stadium. They will also receive 20% of work on four Minority contractors themselves the city council passed a law set- sions for minority firms and procure- new parking garages estimated at $247 million. credit government agencies with ting goals for agencies use of minor- ment staff,gives private developers its Sources: Empire State Development Corp., Forest City Ratner Cos., Mets, Yankees helping them get more work. ity firms—departments generally list of 500 certified minority contrac- The city stepped up its efforts af- target 20% to 30%—when buying tors and connects those businesses ter a 2005 study showed that 16.7% goods and services. New York also with a “procurement counselor” to The department and the City ries of courses this spring on the ba- of the city’s construction firms were set up programs to help firms be- help them with the bidding process. University of New York began a se- sics of project planning, accounting and other building-related issues. SBS spends about $3.5 million a year on such outreach. The programs have real results. When contractor Robert Parch- ment launched his plumbing and heating business in 1993, he tried drumming up business by word-of- mouth in his Harlem community. “I think the largest job I had was $35,000,” Mr. Parchment says. But after participating in the School Construction Authority’s mentorship program—which provides training, business contacts and bidding opportunities—he has won contracts as large as $2.8 million. His eponymous firm, which has about 15 employees, does $3 million worth of business in a typical year; projects include work at York Col- lege, PS 105 in Brooklyn, a police tow pound and an office building in Harlem with Forest City Ratner. “The mentorship program gave us an understanding of the way the construction industry actually works,” Mr. Parchment says. The biggest challenge now, he adds, is “establishing relationships outside of the SCA.” Good community relations of course,the city can’t require private companies to share its minority contract goals unless it has a direct stake in the project, such as use of public land. Additionally, pub- licly bid projects must go to the lowest qualified bidder. Nonetheless, big developers have found it in their best interest to set targets for minority contractors.

© 2006 Consolidated Edison Company of New York, Inc. Ad: UniWorld Group, Inc. Photos: John Pinderhughes Inc. Ad: UniWorld © 2006 Consolidated Edison Company of New York, “It’s good community relations,’’ says Small Business Services Com- missioner Robert Walsh. Meredith McRoberts, President & CEO, McRoberts Protective Agency, Inc.; Jennifer Jackson, President, T&T Janitorial When Atlantic Yards, Forest Services, Inc.; Danielle Buenaventura, President, WJL Equities Corp. (construction); Helen Kim, President, Amco Cleaners City Ratner’s $3.5 billion development in Brooklyn, ignited significant opposition, the firm signed a community benefits agreement What Ceiling? promising that 8% of preconstruction and 30% of construction work Women business owners who partner with the Con Edison Supplier Diversity Program would go to minority contractors. routinely shatter glass ceilings. And any other barriers that get in their way. Of course,goals don’t always lead to immediate action.The Mets have Whatever the business – from construction to cleaning services – women entrepreneurs a goal to use award minority firms throughout the New York region have turned their partnerships with Con Edison into economic 25% of the work on their $600 million stadium in Flushing, Queens. opportunity for themselves, their employees and their communities. About half the contracts have been dispensed, and minorities have re- Find out how powerful a partnership can be. Con Edison. ON IT. ceived just 11% of them. But Mets Executive Vice Presi- dent Dave Howard says the next Visit www.conEd.com/supplierdiversity or call Joy Crichlow, Director, round of awards will have further Con Edison Supplier Diversity Program at 212-460-3076. opportunities for minority busi- www.conEd.com nesses, including electrical, plumbing and other interior specialties.

COMMENTS? [email protected]

18 | Crain’s New York Business | July 16, 2007 CNYB 07-16-07 A 19 7/12/2007 2:53 PM Page 1

REPORT MINORITY BUSINESS

Franchises make their move MAKING HIMSELF LOAN-WORTHY WHEN JOSEPH MCKENNA, 41, first applied for a loan to buy a Continued from Page 17 minorities.It is not a case of minori- cheap. At the low end, initial fran- franchise seven years ago, he consultant.“An outsider looks like a ties not wanting to going into busi- chise fees can be $5,000; at the high was turned down. He had a near- predator.” ness for themselves. Minorities own end, $50,000 or more. When those six-figure salary at the time, but When JerkQ’zine Caribbean about 13% of all U.S. businesses and fees are added to the normal startup no collateral. Grille, a new Tappan, N.Y.-based are opening new businesses at a costs every business faces, the initial Mr. McKenna, who holds an restaurant chain, was seeking out faster rate than whites.They are just outlay typically reaches $500,000 or M.B.A. from Pennsylvania State franchisees, it didn’t advertise in not using the franchise model. more. To raise at least some of that University, learned the hard way that even with the backing of a franchisor, The New York Times or The Wall money, many franchisees are forced small business borrowers rarely get loans without collateral. A lack of capital Street Journal. It placed ads in to take out home equity loans. But is one of the biggest obstacles facing startup businesses, including Caribbean-American newspapers. At the high end, with home ownership lower in mi- franchisees. It is especially challenging for minorities, who often don’t own “We wanted our first franchisee to nority communities, that is not al- homes that can be used as collateral. be someone who understands our initial franchise ways an option. To make himself more loan-worthy, Mr. McKenna, who is Afrcan-American, spicy food and can relate to a bought a house on Long Island, which he eventually used as collateral last Coming up with collateral Caribbean customer,’’ says Alan fees can be year to buy a Quiznos sub shop franchise on Third Avenue and East 50th Street. Bernstein, franchise director. speedie plummer is one of the He paid a $12,000 franchise fee for an existing franchise, plus $469,000 for $50,000 and up lucky ones. A homeowner in East Big bucks the restaurant. The sandwich shop is expected to gross $650,000 in 2007, and Elmhurst, Queens, he financed Mr. McKenna is now considering opening a second Quiznos in midtown. franchisors looking to push into most of the $325,000 he needed to Mr. McKenna hooked up with Quiznos at a minority franchise conference minority markets are not doing so open a JerkQ’zine franchise in in New York. It was there, in what the conference organizers call the “deal for altruistic reasons. There are big Mount Vernon, N.Y., with a home room,” that he met several franchisors looking to recruit minority owners. consumer dollars at stake. Nation- Having realized they’ve come equity loan. “I had to use my house wide, black buying power rose to late to the game, franchisors are as collateral to get a loan,’’ says the “Owning a business is a dream because it gives me the chance to leave $799 billion in 2006, up 237% from stepping up their efforts to attract 61-year-old Mr. Plummer. “This is my children a legacy,” says Mr. McKenna. “It shows them that you don’t have 1990, according to the Selig Center minority owners. Last year, the In- the reason most minorities don’t go to go the corporate route. You can control your own destiny.” for Economic Growth. Hispanic ternational Franchise Association See FRANCHISES on Page 20 buying power rose to $798 billion, launched MinorityFran, a minority up 457%. Both increases outpaced outreach program. So far, 180 com- the 175% increase in white buying panies have come on board, includ- power during the same period. ing well-known national brands Franchisors are also tired of pay- such as Burger King, Midas Inter- CORPORATE & INVESTMENT BANKING I ASSET MANAGEMENT I PRIVATE WEALTH MANAGEMENT ing high rents in suburban shopping national and The UPS Store. malls, where there are already too Barnstorming around the coun- many retail franchises and employ- try by holding recruiting seminars, ees are hard to find. “Kids in subur- MinorityFran focuses on the three ban communities are driving Mer- obstacles contributing to low mi- Our unique insights give clients cedes—they don’t want to slice nority representation in franchising: the competitive edge. In every market. subs,”says Mr.Friedman.In minor- a lack of knowledge about franchis- ity neighborhoods, they can find af- ing, a lack of mentors and role mod- fordable locations and an abun- els, and—most important—a lack dance of workers. of capital. But finding minority franchise With its paint-by-numbers ap- owners has been a challenge. Ex- proach, franchising is often touted perts estimate that only 6% to 9% of as a good way for novices to get into franchises nationwide are owned by business in a hurry. But it is not SALONS ARE HAIR TO STAY FANTASTIC SAMS HAIR SALONS has 174 franchises in Los Angeles, and at least 50% are minority-owned. That makes sense, given the city’s diverse population. The company has a similar goal as it tries to break into the New York City market. It’s not just diversity that drives Fantastic Sams. It’s business strategy. Industry studies show that Hispanics and African-Americans are potentially a more profitable consumer market than whites because they frequent salons more often and tend to buy more products. Also, purchasing power for African-Americans, Asians and Hispanics has tripled to $2.2 trillion from $700 billion in 1990, and by 2050, minorities will represent 50% of the U.S. population, according to U.S. Census data. “If we’re not targeting minority communities, shame on us,” says Scott Colabuono, chief executive of Fantastic Sams International Corp. of Beverly, Mass. In one case, an African-American Fantastic Sams franchisee in Lawrenceville, N.J., diversified his all-white clientele by hiring two black stylists, spreading the word in his own community at church and basketball games and using more minority-targeted marketing materials in the shop. “From September 2006 to May 2007, we had a $100,000 increase in revenue, and 75% of that bump came from new African-American clients,” says the franchisee, Boynton Weekes. Fantastic Sams is scouting for 60 locations across the five boroughs and another 70 in the region over the next five years, many in minority www.db.com neighborhoods. “We want to recruit franchisees who are in the communities we are targeting because insiders know how to get things done, they have street smarts, and they understand the culture of the community,” says Mr. Colabuono, who is working with developers to identify real estate Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank AG, conducts investment banking and securities activities in the United States. Deutsche Bank opportunities in New York. Securities Inc., is a member of NYSE, NASD and SIPC. © 2007 Deutsche Bank AG.

July 16, 2007 | Crain’s New York Business | 19 CNYB 07-16-07 A 20 7/12/2007 2:56 PM Page 1

REPORT MINORITY BUSINESS

and Sales. “Kids in Harlem are not pointed in Heights don’t just need hair salons, When Mr. Johnson bought his the direction of owning a business funeral parlors and liquor stores,’’ Franchises move in first Papa John’s Pizza franchise in and controlling their own destiny,” says Mrs. Franklin. The group 2000—he has opened three more says Mr. Johnson. serves as a clearinghouse of fran- Continued from Page 19 Domino’s also offers competitive since—he used $200,000 in savings Cynthia Franklin, who co-owns chising information, maintaining a into franchising. Most of us just fixed and floating loan rates, pay- from an earlier career on Wall a marketing and communications Web site and offering a free month- don’t have the capital.’’ back periods of up to 10 years on Street. But he still needed another company, works with the Big Apple ly e-mail newsletter. To address those concerns, some loans for existing locations,and pay- $200,000, which he was able to Franchise Initiative,a consortium of franchisors are offering minorities back periods of up to seven years on borrow with help from the Neigh- New York City business groups that COMMENTS? [email protected] franchise fee discounts and other loans for new locations. borhood Franchise Project, a de- helps MinorityFran find potential forms of financial aid. funct community group that minority franchisees. In the last One MinorityFran member, Paving the way helped bring minorities and fran- three years, it has helped 15 minor- Domino’s Pizza, has partnered with “we’re helping to eliminate the fi- chises together. ity entrepreneurs buy franchises in GE Capital Franchise Finance nancial roadblocks that may exist for That help is important because the city. Corp. to offer minority franchisees motivated minority franchisees,” minorities typically don’t have rich “Franchisors are finally figur- loan guarantees for up to $250,000 says Mike Mettler, director of networks of colleagues or relatives ing out that places like Harlem, per store. Domino’s Franchise Recruitment who have owned franchises before. Bedford-Stuyvesant and Crown MINORITY SUPPORT WAS CRITICAL WHEN MARK ELLIS went shopping for a franchise, one of his prime requirements was to find a company that was friendly to minorities. As a minority—he’s a native of Guyana—Mr. Ellis wanted to make sure that the franchise he invested in was going to be supportive and sensitive to his needs. That’s a challenging task, because most franchisors don’t have a long history dealing with minority franchisees. “Very few franchises, particularly the more affordable ones, have minority representation,’’ Mr. Ellis says. “Most are accustomed to dealing with one particular profile—white males—but I wanted to find a company that embraced diversity.” Mr. Ellis, 37, bought a ServiceMaster Clean janitorial and commercial cleaning franchise in Brooklyn last June after meeting an African- American franchisee. “He told me that the franchisor is actively trying to attract more minorities, and that he felt supported,” says Mr. Ellis. “That meeting cemented my decision.” ServiceMaster Clean, a 50- year-old Memphis, Tenn., franchisor with 4,500 outlets nationwide, has about 100 minority-owned franchises, with a handful of those in the New York City area. The franchisor sweetens the deal for minorities with a 15% discount on the $29,000 franchising fee. The company also offers a seven-year loan that covers up to 80% of the fee and the additional $12,000 startup costs. By day, Mr. Ellis is a New York City police officer, so he tends to his janitorial business at night. So far, he has signed up 10 clients and is grossing about $3,000 monthly. “There is a societal bias that a black male can’t be a successful entrepreneur,’’ says Mr. Ellis. “You’ve got to prove them wrong, and the best way to do that is to align yourself with a company that shares this philosophy.”

20 | Crain’s New York Business | July 16, 2007 CNYB 07-16-07 A 21 7/12/2007 6:36 PM Page 1

REPORT MINORITY BUSINESS

MINORITY FIRMS TAKE Total Revenues at Top 25 Biggest Gainers Top Five in NYC Employees ANOTHER STEP FORWARD In millions % change Projected % change in revenues, 2006-2007 +6.1% FORECAST The city’s largest minority- ASI System Integration Gracious Home owned firms keep growing. As a whole, Crain’s $4,317.6 $4,068.6 +61.5% 420 Top 25 are projecting a 6.1% revenue increase Cox Nissan Crystal Windows & Door Systems in 2007, compared with a 5% rise last year. +33.5% 315 VETERAN ACuPowder International, which Tri-Line Contracting Dial-A-Mattress Operating has been making nonferrous powders for 91 +32.9% 250 years, is the oldest business on the list. By Design Condal Distributor STAKES Thirty-eight percent of the firms are +29.6% 225 wholly or majority-owned by Hispanics, 34% by 2006 2007* Lafayette 148 New York Bartlett Dairy +29.3% 196 Asians and 28% by African-Americans. *Projected. bekka lindström bekka NY Area’s Largest Minority-Owned Companies Ranked by projected 2007 revenues

% minority Projected 2007 2006 ownership, by revenues revenues 2006 NYC 2006 total Year race/ethnicity Rank Company Phone/Web site Top executive (in millions) (in millions) employees1 employees1 founded of owner(s) Nature of business

Palladium Equity Partners (212) 218-5150 Marcos A. Rodriguez $800.0 $759.0 27 5,126 1997 Hispanic/ Private equity firm 1270 Sixth Ave. www.palladiumequity.com Managing member Latino: 51.0% 1 New York, NY 10020

Goya Foods Inc. 2 (201) 348-4900 Robert I. Unanue $750.0 $750.0 n/a n/a 1936 Hispanic/ Food manufacturing, 100 Seaview Drive www.goya.com President Latino: 100.0% marketing and 2 Secaucus, NJ 07096 distribution

FUBU the Collection (212) 273-3300 Daymond John $370.0 3 $370.0 100 150 1992 Black/African- Apparel and accessories 350 Fifth Ave. www.fubu.com Chief executive American: 100.0% 3 New York, NY 10118

Bad Boy Worldwide Entertainment Group 4 (212) 381-1540 Sean Diddy Combs $300.0 $300.0 n/a 600 1993 Black/African- Full-service 1440 Broadway www.badboyonline.com Chief executive American: 100.0% entertainment and 4 New York, NY 10018 marketing

Beneath Your Sole Inc. (914) 663-7790 Ramel Sherman, $300.0 $300.0 10 20 1992 Black/African- Building maintenance 20 Beechwood Ave. www.beneathyoursole.com Pamela Sherman American: 100.0% and floor care 5 Mount Vernon, NY 10553 Chief executives, owners

Tecna Corp. 5 (201) 529-0410 Sikander A. Durrani $227.0 $215.3 0 447 1972 Asian: 100.0% Manufacturing and 1 International Blvd. www.tecnacorp.com Chairman, chief executive exporting of industrial 6 Mahwah, NJ 07495 and aerospace products; power generation By Design 6 (201) 649-9300 Jay Lee $158.4 $122.2 76 114 1994 Asian: 100.0% Women’s apparel 2400 83rd St. www.bydesignllc.com President, chief executive wholesaler 7 North Bergen, NJ 07047

Bartlett Dairy Inc. (718) 658-2299 Thomas Malave $130.0 $110.0 196 196 1990 Hispanic/ Dairy and food 105-03 150th St. www.bartlettny.com President Latino: 80.0% distribution 8 Jamaica, NY 11435

Dial-A-Mattress Operating Corp. 2 (718) 472-1200 Napoleon Barragan $120.0 $120.0 250 320 1976 Hispanic/ Retail sale of mattresses 31-10 48th Ave. www.mattress.com Chairman, chief executive Latino: 100.0% and related bedding 9 Long Island City, NY 11101 items

ACuPowder International (908) 851-4500 Edul Daver $110.0 $97.0 0 72 1916 Asian: 52.0% Manufacturer of 901 Lehigh Ave. www.acupowder.com President nonferrous powders 10 Union, NJ 07083

Waitex Group of Companies 7 (212) 967-8100 Howard H. Li $110.0 $100.1 80 700 1981 Asian: 100.0% Warehouse distribution 135 W. 36th St. www.waitex.com Chairman, chief executive and apparel 11 New York, NY 10018 manufacturer and wholesaler ASI System Integration Inc. (212) 736-0111 Sonny Chabra $105.0 $65.0 n/d n/d 2005 Asian: 100.0% Technology sourcing, 48 W. 37th St. www.asisystem.com Chairman, chief executive consulting and services 12 New York, NY 10018

Condal Distributors Inc. (718) 589-1100 Carmen Fernández $99.0 $99.0 225 250 1968 Hispanic/ Specialty wholesale food 531 Dupont St. www.condalfoods.com President Latino: 100.0% distribution 13 Bronx, NY 10474

Tri-Line Contracting (212) 245-7402 José Velazquez $93.0 $70.0 80 80 2000 Hispanic/ General contracting and 321 W. 44th St. www.trilinecontracting.com President Latino: 100.0% construction 14 New York, NY 10036 management

Lafayette 148 New York (212) 965-9606 Shun Yen Siu $75.0 $58.0 100 105 1995 Asian: 75.0% Women’s apparel 148 Lafayette St. www.lafayette148.com Chief executive wholesaler 15 New York, NY 10013

Inner City Broadcasting Corp. (212) 447-1000 Pierre M. Sutton $74.0 $69.0 180 350 1971 Black/African- Radio broadcasting 3 Park Ave. www.wbls.com Chairman, chief executive American: 100.0% 16 New York, NY 10016

Continued on Page 22

July 16, 2007 | Crain’s New York Business | 21 CNYB 07-16-07 A 22 7/12/2007 6:38 PM Page 1

REPORT MINORITY BUSINESS

Huntington Chevrolet Inc. 2 (631) 427-0900 Gregory Williams $69.0 $65.0n/a n/a 1999 Black/African- Auto dealership 370 Oakwood Road www.huntingtonchevy.com President American: 100.0% 17 Huntington Station, NY 11746

Gracious Home (212) 517-6300 Natan Wekselbaum $68.0 $65.0 420 425 1963 Hispanic/ Retail housewares, 1220 Third Ave. www.gracioushome.com President Latino: 100.0% hardware and home 18 New York, NY 10021 furnishings

Crystal Windows & Door Systems Ltd. 8 (718) 961-7300 Thomas Chen $62.1 $55.9 315 370 1990 Asian: 100.0% Manufacturing of 31-10 Whitestone Expressway www.crystalwindows.com President aluminum and vinyl 19 Flushing, NY 11354 windows and doors

Earl G. Graves Ltd. (212) 242-8000 Earl G. Graves Sr. $61.0 $59.7 93 99 1970 Black/African- Magazine publishing, 130 Fifth Ave. www.blackenterprise.com Chairman, publisher American: 100.0% conferences, radio and 20 New York, NY 10011 television programming

Cox Nissan Inc. (718) 515-7300 Keith Cox $57.4 $43.0 68 75 2000 Black/African- Auto dealership 3660 Boston Road www.coxnissan.com President American: 100.0% 21 Bronx, NY 10469

Sirina Fire Protection Corp. (516) 942-0400 Anthony Florez $50.0 $48.4 152 242 1991 Hispanic/ Installation of building 151 Herricks Road www.sirinafire.com President Latino: 75.0% fire protection systems 22 Garden City, NY 11040

Hudson Realty Capital (212) 532-3553 David Loo, $48.7 $40.0 19 24 2003 Hispanic/ Real estate fund 250 Park Ave. South www.hudsoncap.com Richard Ortiz Latino: 30.0% manager 23 New York, NY 10003 Managing directors Asian: 30.0%

Gaseteria Oil Corp. (718) 782-4200 Marcello Porcelli $40.0 $42.0 70 70 1975 Hispanic/ Gasoline stations, real 364 Maspeth Ave. — President Latino: 97.0% estate 24 Brooklyn, NY 11211

Style Asia Inc. (201) 460-9611 Ashok Pamani $40.0 $45.0 4 25 1985 Asian: 100.0% Importer and wholesale 101 Moonachie Ave. www.styleasia.net President distributor of 25 Moonachie, NJ 07074 promotional gifts and general merchandise New York area includes NewYorkCity and Nassau,Suffolk and Westchester counties inNewYork, and Bergen, Essex, Hudson andUnion counties inNewJersey.Crain’s NewYorkBusiness uses staff research, extensive surveysand the most current references available to produce its lists,but giventheconfidentialnature oftheinformationfor many privately held minority-owned companies, it is notpossible to identify andinclude every company thatwould qualify for the list.Toqualify, acompany mustbeaprivately owned business headquartered inthe NewYork area, and 51% or more ofthe firmmustbeowned by minorities. Minority races/ethnicities as defined andclassified by theU.S. Census Bureau andEmpire State Development are as follows:black/African-American(having originsin any ofthe black African racial groups); Hispanic/Latino (Mexican, Puerto Rican, Dominican, Cuban, Central or South American of either Indian or Hispanic/Latino origin, regardless of race); Asian(having originsin any ofthe Far East countries,Southeast Asia or Indian subcontinent); American Indian/AlaskanNative (having originsin any ofthe originalpeoples ofNorth, South or Central America and maintaining tribal affiliation or community attachment); and native Hawaiian/other Pacific Islander (having originsin any ofthe originalpeoples ofHawaii,Guam, Samoa or other Pacific Islands).Informationwas supplied by thecompanies unless otherwise noted. In case oftied figures, companies are listed alphabetically.Revenue figures are for calendar year except where noted. 2007 revenue figures are estimates for companies with fiscal years endinginJuly throughDecember ofthis year and are actualfor companies with fiscalyears endinginJanuarythroughJune, unless otherwise noted. n/a Not available. n/d Not disclosed. 1-Full-timeand full-time-equivalent, as ofDec. 31. 2-Company did not respond to this year’s survey. Someinformation/figures are Crain’s estimates based on other published information. 3-Company declined to provide figure to this year’s survey.Revenue figure is a Crain’s estimate based on data provided by thecompany in 2006. 4-Company declined to respond to this year’s survey. Someinformation/figures are Crain’s estimates based on other published information. 5-Fiscalyear ends June 30. 6-Fiscalyear ends March31. 7-Fiscalyear ends Sept. 30. 8-Fiscalyear ends April30. Research: Denise Southwood, Adrianne Pasquarelliand Kathleen Morgenier

ALL CRAIN’S BUSINESS LISTS ARE AVAILABLE AT WWW.NEWYORKBUSINESS.COM/LISTS.

Expect the The Oldest & Largest Hispanic Extraordinary. Owned Staffing Agency since 1983

www.distinctivepersonnel.com

Gonzalo (Gus) Vergara C.E.O. / Owner, Distinctive Personnel 212-683-3300, [email protected]

PHOTOGALLERY LISTINGS OF LOCAL EVENTS At Eisner, our people are our strength. Our clients, from emerging businesses to the Fortune 100, 40 UNDER 40 PROFILES AND PHOTOS TOP LISTS FOR BUSINESS LEADS appreciate the creative insights, proactive and timely service, and expertise for which our diverse NY BUSINESS DIRECTORY team of professionals is known, as we assist them with the business and accounting challenges they face in today’s global marketplace. That’s why we foster smart, focused, and ambitious LATE BREAKING individuals who want to make a lasting impact – all in an inclusive environment that elevates the LOCAL NEWS ordinary to the extraordinary. RESTAURANT REVIEWS LINKS TO MEMBERSHIP ORGANIZATIONS TO LEARN MORE, For more information, contact: INTERACTIVE ONLINE POLLS VISIT US ONLINE AT Michael Wolff SEARCHABLE ARCHIVES WWW.EISNERLLP.COM COMPREHENSIVE INDUSTRY PAGES [email protected] THERE’S SOMETHING FOR 212.891.4065 Accountants and Advisors EVERYONE AT

Equal Opportunity Employer Independent Member of Baker Tilly International

22 | Crain’s New York Business | July 16, 2007 CNYB 07-16-07 A 23 7/12/2007 6:40 PM Page 1

REPORT MINORITY BUSINESS

CITY ATTRACTS THRIVING COMPANIES CITY HUB Of the 25 firms on the Crain’s list, 18 are headquartered in New York City. NEWCOMER Seasons Industrial Contract- ing, one of the firms new to the Crain’s list, is among those projecting large 2007 revenue gains—29%, to $40 million. PROJECTED LOSSES Only two firms, Carole Hochman Design and Kleinknecht Electric, are projecting decreases in 2007 revenues—of 6.8% and 3.5%, respectively. bekka lindström bekka NY Area’s Largest Women-Owned Companies Ranked by projected 2007 revenues

Projected 2007 2006 revenues revenues 2006 NYC 2006 total Year Rank Company Phone/Web site Top woman executive (in millions) (in millions) employees1 employees1 founded Nature of business

National Envelope Corp. (516) 699-4000 Directors 2 $850.0 $812.0 340 4,500 1951 Envelope manufacturer 333 Earle Ovington Blvd. www.nationalenvelope.com 1 Uniondale, NY 11553

Rallye Motors Holding (516) 625-1600 Juliana Terian $575.0 $554.0 0 505 1958 Automobile dealerships 1600 Northern Blvd. www.rallyemotors.com Chairman 2 Roslyn, NY 11576

J&R Music and Computer World (212) 238-9000 Rachelle Friedman $360.0 $345.0 650 3 650 3 1971 Audio, video, music, cameras, computers, 23 Park Row www.jr.com Co-chief executive appliances and home office products via retail, 3 New York, NY 10038 mail order and the Web

Henegan Construction Co. (212) 947-6441 Maureen A. Henegan $325.0 $275.0 150 150 1959 Construction management 250 W. 30th St. www.henegan.com Chief executive 4 New York, NY 10001

Turtle & Hughes Inc. 4 (732) 574-3600 Suzanne T. Millard $325.0 $303.0 6 440 1923 Wholesale distributor of electrical 1900 Lower Road www.turtle.com Chairman, president and industrial supplies 4 Linden, NJ 07036

Eileen Fisher Inc. (914) 591-5700 Eileen Fisher $250.0 $225.0 173 603 1984 Women’s clothing designer, wholesaler and 2 Bridge St. www.eileenfisher.com Chief creative officer retailer 6 Irvington, NY 10533

Morgan Contracting Corp. 5 (212) 377-2600 Adrienne Woolard $200.0 $115.0 118 120 1989 General contracting and construction 30 Cooper Square www.morgan-contracting.com Chief executive, treasurer management 7 New York, NY 10003

Daffy’s Inc. (201) 902-0800 Marcia Wilson $170.0 $156.0 815 1,521 1961 Off-price specialty retailer of designer clothing Daffy’s Way www.daffys.com President, chief executive 8 Secaucus, NJ 07094

Carole Hochman Design Group Inc. (212) 725-1212 Carole Hochman $151.0 $162.0 163 330 1930 Women’s sleepwear 135 Madison Ave. www.carolehochman.com Chairman 9 New York, NY 10016

TransPerfect (212) 689-5555 Liz Elting $150.0 $112.8 307 622 1992 Language translation services 3 Park Ave. www.transperfect.com President, chief executive 10 New York, NY 10016

Innovative Stone (631) 273-4445 Karen Pearse $145.0 $129.0 1 362 1981 Global supplier of natural and fabricated stone 130 Motor Parkway www.innovativestone.com Chief executive, founder 11 Hauppauge, NY 11788

Loren Communications International Ltd. (212) 752-4900 Pamela Loren $130.0 $128.0 275 500 1975 International medical telecommunications 155 E. 55th St. — Chairman, chief executive 12 New York, NY 10022

Condal Distributors Inc. 6 (718) 589-1100 Carmen Fernández $99.0 $99.0 225 250 1968 Specialty wholesale food distribution 531 Dupont St. www.condalfoods.com President 13 Bronx, NY 10474

Meadows Office Furniture Co. (212) 741-0333 Rosalie Stackman Edson $95.0 $93.0 60 110 1967 Office furniture sales and distribution 71 W. 23rd St. www.meadowsoffice.com President, chief executive 14 New York, NY 10010

ICP Inc. (718) 556-6700 Michelle Fabozzi $88.0 $81.0 74 90 1989 Information technology 20 Clifton Ave. www.icpcorp.com Chief executive 15 Staten Island, NY 10305

Sharp Decisions Inc. (212) 481-5533 Karen Ross $57.7 $51.2 222 381 1990 Technology consulting 55 W. 39th St. www.sharpdecisions.com President, chief executive 16 New York, NY 10018

Kleinknecht Electric Co. (212) 728-1800 Lisa Kleinknecht $55.0 $57.0 320 320 1916 Electrical, data and telecommunications 252 W. 37th St. www.kecny.com President contractor 17 New York, NY 10018

Continued on Page 24

July 16, 2007 | Crain’s New York Business | 23 CNYB 07-16-07 A 24 7/12/2007 6:42 PM Page 1

REPORT MINORITY BUSINESS

Projected 2007 2006 revenues revenues 2006 NYC 2006 total Year Rank Company Phone/Web site Top woman executive (in millions) (in millions) employees1 employees1 founded Nature of business

ACC Construction Corp. (212) 686-9331 Michele Medaglia $47.5 $42.5 43 43 1984 General contractor and construction manager 6 E. 32nd St. www.acc-construction.com President, chief executive 18 New York, NY 10016

I.G. Federal Electrical Supply Corp. (718) 729-5700 Meryl R. Berger $42.0 $42.0 58 58 1932 Distributor of electrical supplies and lighting 47-20 30th St. — President 19 Long Island City, NY 11101

Seasons Industrial Contracting (718) 227-5779 Jennifer Margiotta $40.0 $31.0 720 727 1999 Environmental construction 266 Green Valley Road — Principal owner 20 Staten Island, NY 10312

Kleinberg Electric Inc. (212) 206-1140 Carol Kleinberg $35.0 $30.0 120 120 1979 Electrical contractor 437 W. 16th St. — President 21 New York, NY 10011

Omega Home Health Services (718) 403-0400 Michele Tiger, Barbara Rossoff $32.9 $32.1 1,350 1,350 1983 Home health agency 44 Court St. www.omegahhs.com Co-founders 22 Brooklyn, NY 11201

Matrix Information Consulting Inc. (201) 587-0777 Sharon Olzerowicz $32.0 $31.0 20 250 1986 Information technology consulting 365 W. Passaic St. www.matrixcc.com President, chief executive and staffing 23 Rochelle Park, NJ 07662

Big Apple Car Inc. (718) 331-9500 Diana Clemente $30.0 $25.4 110 110 1983 Luxury ground transportation 169 Bay 17th St. www.bigapplecar.com President 24 Brooklyn, NY 11214

Joan Rivers Worldwide Enterprises (800) 337-4405 Joan Rivers $28.0 $27.4 14 18 1990 Jewelry and beauty products wholesaler P.O. Box 1150, FDR Station www.joanrivers.com Chairman, chief executive 25 New York, NY 10150

Echo Design Group Inc., which was included in the Top 25 list in 2006, declined to respond. New York area includes New York City and Nassau, Suffolk and Westchester counties in New York, and Bergen, Essex, Hudson and Union counties in New Jersey. Crain’s New York Business uses staff research, extensive surveys and the most current references available to produce its lists, but given the confidential nature of the information for many privately held women-owned companies, it is not possible to identify and include every company that would qualify for the list. To qualify for this list, a company must be a privately owned business headquartered in the New York area, and 51% or more of the business must be owned by a woman. Travel agencies are excluded. Information was supplied by the companies. In case of tied figures, companies are listed alphabetically under the same ranking number. Revenue figures are for calendar year except where noted. 2006 revenue figures are estimates for companies with fiscal years ending in May through December of this year and are actual for companies with fiscal years ending in January through April. 1-Full-time and full-time-equivalent, as of Dec. 31. 2-Florette Ungar Shaashua, Joan Ungar Levy, Denise Ungar Stern, Rita Ungar Moser. 3-Company estimate. 4-Fiscal year ends Sept. 30. 5-Fiscal year ends March 31. 6-Fiscal year ends April 30. Research: Denise Southwood, Adrianne Pasquarelli and Kathleen Morgenier

ALL CRAIN’S BUSINESS LISTS ARE AVAILABLE AT WWW.NEWYORKBUSINESS.COM/LISTS.

24 | Crain’s New York Business | July 16, 2007 CNYB 07-16-07 A 25 7/12/2007 3:04 PM Page 1

REAL ESTATE DEALS German fashion firm lands in SoHo GEOX SHOES will be sold in a City Investment Fund for $240 mil- Geox signed a 10-year lease for himself in the deal. The asking rent new store on Jil Sander heads lion. It continues to oversee manage- the 2,700-square-foot store, which was about $300 per square foot for Union Square. for Howard St.; ment and leasing at the building. will be its fourth in the city. The the ground floor. —julie satow company opened its first U.S. shop Mr. Zaken operated a David Z. yond cool, and they have some Royal Health Care three years ago and aims to make shoe store at the site until June; he change in their pockets.” renews on Fifth Ave. America its top market by 2010. will relocate it this fall to 13 St. Marks Gioia Equities Inc. owns the St. Shoe stores “Union Square has all the ingre- Place,between Second and Third av- Marks Place building. Both tenant pull flip-flop dients of a fantastic commercial lo- enues. Mr. Zaken signed a 15-year and owner negotiated on their own erman fashion house cation,” says Mario Moretti Polega- deal for 2,100 square feet, and the behalf. Jil Sander is joining italian shoemaker Geox is plan- to, Geox’s founder. store is slated to open in September. The asking rent was $150 per SoHo’s growing in- ning to open a Union Square out- Geox negotiated the deal in- Mr. Zaken chose to reopen his square foot for the 1,700-square- ternational retail post at 862 Broadway, between East house. Retail veteran David Zaken chain’s 10th store in the East Village foot ground floor. community. 17th and East 18th streets. owns the building and represented because “the kids down there are be- —elisabeth butler cordova The firm has signed a 10-year G ADVERTISEMENT lease for 12,200 square feet at 30 Howard St., at the southern end of Crosby Street.It will operate a retail store in 3,050 square feet at ground Dear Governor Spitzer and Speaker Silver, level, a showroom on the second floor and offices on the third floor. The basement will serve as storage. Lately, many editorials or speakers have attacked the Manhattan Westside legislators, calling them Jil Sander—owned by Change contemptible and selfish, traditional NIMBYtypes because they oppose putting waste transfer stations in Capital Partners—leased the space from Putnam Rolling Ladder Co., a Hudson River Park—notably, at the Gansevoort Peninsula. The name calling is an effort by the City to hide manufacturer that has called SoHo the legislators’ diligence and effort, and the City’s lack of the same. home for more than a decade. Be- fore making the deal with Jil Sander, Contrary to the media reports, the legislators in fact enthusiastically seek to accomplish the goals of New York Putnam used the space to store wooden and aluminum stepladders. City’s Solid Waste Management Plan by successfully siting commercial waste and recycling transfer stations Because the building needs ex- in their own districts. But, they want a say WHERE in their districts the site should be. This is WIMBY, not tensive renovations to serve as a retail site, the store won’t open until NIMBY, which makes all the difference in the world. September at the earliest. The asking rent was about $125 per square Hard as it seems for some to believe, the legislators and Park supporters have come up with plans that foot on the ground floor. “They were very selective about would bring more, not less, trash to their neighborhoods. But not in the Park, and that is the big difference. this,” says David Barreto, the Cast Iron Real Estate broker who nego- The City is engaging your legislators in divisive politics to accomplish a political goal—to ‘win.’ tiated the deal on behalf of Putnam. “Jil Sander is a destination.” Please be aware that the City’s press statement contains the following fallacies: Marc Simons of Isaacs & Co. represented Jil Sander. Other inter- The City chooses to contract with recycling transfer stations in the boroughs and that is the reason residential national retailers in SoHo include recyclables are trucked through Bronx and Brooklyn—it is not because the City decommissioned the Uniqlo and Evisu from Japan and Tous from Spain. Gansevoort Marine Transfer Station. It is presently a park; it has never has been a recycling transfer station. —elisabeth butler cordova The City could immediately use the 59th Street Marine Transfer Station for metal, glass and plastic recyclables Firm locks in without amending the Hudson River Park Act. longer lease The City cannot begin construction on the Gansevoort Station before the end of 2012. The Gansevoort royal health care has renewed station must go through an Environmental Impact Statement, and get Federal and State permits. The City’s its lease and expanded in midtown. The company, which provides plan is a long-term long shot. Since Gansevoort cannot begin immediately, there is no reason to amend the claims processing and health insur- law now. ance transaction systems to clients, has leased 22,000 square feet, or the Neither rail transfer nor Pier 76 as a transfer site has been more than cursorily studied by the City to date, entire third floor,at 521 Fifth Ave.The asking rent at the 40-story building, and either of these alternative options could handle more than twice as much waste each day as under at the corner of East 43rd Street, is the City’s plan and might truly eliminate refuse truck traffic to the outer boroughs. $70 a square foot. The Manhattan-based company, which has offices in Charlotte, It is so unusual to take a position that is the opposite of NIMBY, it is difficult to get observers to understand N.C., and Albuquerque, N.M., it. But it is true: the alternative sites proposed by the Park’s advocates would handle much more of the waste signed a 10-year lease for 20,500 square feet in 1999. Its new lease and recyclables than under the Mayor’s plan—and would do so sooner. runs through 2015. “We decided it was prudent to It is not just rhetoric; the engineering and site survey materials are published and available for anyone’s renew early because the building is inspection and they all lead to the conclusion that none of the affected communities are receiving justice. undergoing a major renovation and rents will continue to climb even higher once the renovation is com- There are better answers available, even if they were not invented here—in City Hall. plete,”says Harry Blair,the broker at GVA Williams who represented the Sincerely, tenant. The building is undergoing a $25 million makeover set to be Coalition to Protect Our Parks completed by December. 311 West 43rd Street, Suite 300 Last year, landlord SL Green Re- alty Corp.,which represented itself in New York, NY 10036 the transaction, entered into a long- 212-757-0981 x200 term lease at 521 Fifth Ave.It later re- capitalized the property, selling 49.9% of its ownership stake to the

July 16, 2007 | Crain’s New York Business | 25 nb29p26_27_28_29cls.qxp 7/12/07 3:43 PM Page 26

ASSET SEARCH BUSINESS SERVICES Professional Location, Asset and EXECUTIVE RECRUITER PUBLIC & LEGAL Estate Searches. Go to www.tfc-associates.com POSITION AVAILABLE NOTICES for description and pricing. Notice of Qualification of Kappa Financing LLC. Authority filed with NY Dept. of State on BUSINESS MANAGEMENT Visionary Leader, Queens Chamber of Commerce 6/14/07. Office location: NY County. Principal business address: 383 Madison Ave., NY, NY Business Management Services Queens Chamber of Commerce, founded 1911, is seeking a visionary leader that will 10179. LLC formed in Delaware (DE) on implement the mission of this borough wide organization. The organization's membership 5/22/07. NY Secy. of State designated as Cash Management Services ● Bill Payment of nearly 2,000 businesses in the New York City area provide a unique platform for agent of LLC upon whom process against it Tax & Financial Services ● Financing Assistance To place your classified both doing business and improving the lives of the residents of the borough. The ideal may be served and shall mail process to: c/o (212) 631-9500 ● www.mayercpa.com candidate will possess a minimum of 10 years in related experience in business, not CT Corporation System, 111 8th Ave., NY, NY ad call John Gallagher 10011, registered agent upon whom process for profit, or government sector. Master's degree preferred. Email resume, cover may be served. DE address of LLC: c/o @ 212-210-0189 letter, including salary history to: [email protected]. Corporation Trust Co., 1209 Orange St., Cash Management & CFO Services Wilmington, DE 19801. Arts. of Org. filed For more information on the Queens Chamber of Commerce, please visit the with DE Secy. of State, Div. of Corps., website at www.queenschamber.org. The Chamber's business office will not be Townsend Bldg., Dover, DE 19901. Purpose: REAL ESTATE able to respond to employment inquires. All resumes should be sent directly to: any lawful activity. [email protected] Notice of Formation of Fairway Construction OFFICE SPACE Group, LLC. Arts. of Org. filed with Secy. of State of N.Y. (SSNY) on 6/11/07. Office location: NY County. SSNY designated as IMMEDIATE OFFICE SPACE PUBLIC & LEGAL NOTICES agent of LLC upon whom process against Space by the day, week, month, year and even virtual. it may be served. SSNY shall mail process to principal business location: The LLC, COHEN INDUSTRIES I, LLC Articles of Org. Notice of Qualification of TSI New Rochelle, 212.573.0909 c/o Fairway Central Services, LLC, 2284 filed NY Sec. of State (SSNY) 5/16/07. Office LLC. Authority filed with Secy. of State of N.Y. Twelfth Ave., NY, NY 10027. Purpose: any VornadoFurnishedOfﬁces.com in NY Co. NY desig. agent of LLC upon (SSNY) on 2/6/07. Office location: NY County. A lawful activity. whom process may be served. SSNY shall LLC formed in Delaware (DE) on 1/24/07. 90 Park 909 Third 330 Madison 770 Broadway COMPANY mail copy of process to c/o Gary Cohen, SSNY designated as agent of LLC upon Name of LLC: RIVERBED REALTY ADVISORS 8 Far Hill Ln., Pleasantville, NY 10570. whom process against it may be served. LLC. Arts. of Org. filed NY Sec. of State OFFICE SPACE Purpose: Any lawful purpose. SSNY shall mail process to: Becker, Glynn, 5/3/07. Princ. off. loc.: NY Cty. Sec. of State LUXURY Melamed & Muffly LLP, 299 Park Ave., NY, designated as agent of LLC upon whom Notice of Formation of NYCollective Partners NY 10171, Attn: Richard N. Chassin, Esq. DE process against it may be served. Sec. of LLC, Art. of Org. filed Sec'y of State (SSNY) address of LLC: c/o The Corporation Trust 212-947-5500 State shall mail a copy of process to the PROPERTIES 4/30/07. Office location: NY County. SSNY Co., 1209 Orange St., Wilmington, DE 19801. LLC, 325 Hudson St., Ground Floor, NY, NY FOR ALL OFFICE, RETAIL & LOFT SPACES designated as agent of LLC upon whom Arts. of Org. filed with DE Secy. of State, 10013. Purpose: any lawful activity. New York City, Brooklyn, Queens process against it may be served. SSNY shall Townsend Bldg., Dover, DE 19901. Purpose: MIAMI BEACH/FLORIDA 500–50,000 SF mail copy of process to c/o NY Collective for any lawful activity. Notice of Qualification of AB 147 MERCER UNDER MARKET SUBLETS – NO FEE! the Arts, 315 Bleecker St., #313, NY, NY 10014. STREET, LLC. Authority filed with Secy. of Search our listings @ www.midcomre.com Purpose: any lawful activities. Notice of Qualification of TSI 217 Broadway, Call Paul 212 947-5500 x 100 TRUMP OCEANFRONT CONDOS State of N.Y. (SSNY) on 5/14/07. Office OWN YOUR LUXURY CONDO TODAY! LLC. Authority filed with Secy. of State of N.Y. location: NY County. Principal business Notice of Formation of WEH CPS, LLC. Arts. of TRUMP GRANDE & TRUMP TOWERS (SSNY) on 1/2/07. Office location: NY County. location: 147 Mercer St., NY, NY 10012. Org. filed with Secy. of State of NY (SSNY) on Advertise on Buy directly from the Developer & Save $$ LLC formed in Delaware (DE) on 12/15/06. LLC formed in Delaware (DE) on 5/11/07. 6/4/07. Office location: NY Co. SSNY designated SSNY designated as agent of LLC upon SSNY designated as agent of LLC upon www.newyorkbusiness.com Furnished Condo Hotel units from $325k as agent of LLC upon whom process against 1-4 Bedrm Residential Condos from $875k whom process against it may be served. whom process against it may be served. Call John Gallagher it may be served. SSNY shall mail process SSNY shall mail process to: Becker, Glynn, SSNY shall mail process to: 295 Lafayette Ask for details on our FLY-BUY Program to: Cheryl Gardner, Thelen Reid Brown Call Exclusively Baronoff 305.213.3606 Melamed & Muffly LLP, 299 Park Ave., NY, St., 7th Fl., NY, NY 10012, Attn: Andre @ 212-210-0189 Raysman & Steiner LLP, 875 Third Ave, NY, NY 10171, Attn: Richard N. Chassin, Esq. DE Balazs. DE address of LLC: Corporation NY 10022, also registered agent. Purpose: address of LLC: c/o The Corporation Trust Service Company 2711 Centerville Road, any lawful activities. Co., 1209 Orange St., Wilmington, DE 19801. Wilmington, DE 19808. Arts. of Org. filed Arts. of Org. filed with DE Secy. of State, with DE Secy. of State, 401 Federal St., Ste. EXECUTIVE RECRUITER Notice of Formation of Electric Media Townsend Bldg., Dover, DE 19901. Purpose: 4, Dover, DE 19901. Purpose: own interest Solutions, LLC. Arts. of Org. filed with Secy. any lawful activity. in real estate operating entity. of State of N.Y. (SSNY) on 2/23/07. Office POSITION AVAILABLE location: NY County. SSNY designated as Notice of Qualification of CSFB Holt LLC. Notice of Formation of International Fine Art agent of LLC upon whom process against it Authority filed with Secy. of State of N.Y. Gallery, LLC. Arts. of Org. filed with Secy. of Executive Director may be served. SSNY shall mail process to: (SSNY) on 5/29/07. Office location: NY State of NY (SSNY) on 6/7/07. Office location: 230 W. 41st St., #1100, NY, NY 10036, Attn: County. Principal business location: 11 NY Co. SSNY designated as agent of LLC Job Description: Marc Schiller. Purpose: any lawful activity. Madison Ave., NY, NY 10010. LLC formed in upon whom process against it may be served. The ED is responsible for implementation of policies set by the Board of Directors and for the Delaware (DE) on 12/6/01. SSNY designated SSNY shall mail process to: The LLC, 120 financial, program, and administrative management of the corporation. Notice of Formation of ELIZA MACGREGOR as agent of LLC upon whom process against West 58th St., Ste 3D, NY, NY 10019. Most Important Tasks: DESIGN, LLC. Arts. of Org. filed with Secy. of it may be served. SSNY shall mail process Purpose: any lawful activities. • Implementation of short and long range plans, policies, programs and other activities for GIDC. State of N.Y. (SSNY) on 5/9/07 as amended. to: c/o Corporation Service Company, 80 • Responsible for multi-fund source budget development and fundraising. Office location: NY County. SSNY designated State St., Albany, NY 12207. DE address of NOTICE OF FORMATION of Prime Example, Credentials: as agent of LLC upon whom process against LLC: 2711 Centerville Rd., Wilmington, DE LLC. Article of Organization filed with the • Experience in running a customer service organization, perhaps with a background in workforce it may be served. SSNY shall mail process to: 19808. Arts. of Org. filed with DE Secy. of Secretary of State of NY (SSNY) on 04/08/05. training and/or technical assistance to industrial corporations. The LLC, 40 E. 10th St., Apt. 6-J, NY, NY State, 401 Federal St., Dover, DE 19901. Office location: NY County. SSNY has been 10003. Purpose: any lawful activity. Purpose: any lawful activity. designated as agent upon whom process Salary: against it may be served. The Post Office Salary is based on experience and on the consideration of fairness and equity within the organization. Notice of Formation of VICINITAS, L.P. Notice of Qualification of CUIP Albee address to which the SSNY shall mail a copy To apply, please send C. V and letter of interest to: Certificate filed with Secy. of State of N.Y. Square Retail LLC. Authority filed with NY of any process against the LLC served upon E. D Search Committee (SSNY) on 11/28/2006. Office location: NY Dept. of State on 6/12/07. Office location: him is C/O the LLC 111 W. 45th Street. N.Y., c/o Garment Industry Development Corporation County. SSNY designated as agent of LP upon NY County. LLC formed in Delaware (DE) N.Y., 10001. Date of Dissolution: 12/31/2016. 275 Seventh Avenue, 15th Floor whom process against it may be served. on 6/8/07. NY Secy. of State designated as Purpose of LLC: to engage in any lawful act or New York, NY 10001 SSNY shall mail process to: 690 Eighth agent of LLC upon whom process against it activity. Street address of Principal Business Fax: 212.366.6162 Avenue, 5th Fl., NY, NY 10036. Name/address may be served and shall mail process to: location is: 312 5th Avenue, N.Y., N.Y., 10011 [email protected] of each genl. ptr. available from SSNY. Term: c/o MacFarlane Partners, LLC, 201 Spear until 12/31/2056. Purpose: any lawful activity. St., 14th Fl., San Francisco, CA 94105, REQUEST FOR PROPOSALS Attn: Thomas C. Klugherz. DE address of POSITION AVAILABLE POSITION AVAILABLE Notice of Qualification of TSI Somers, LLC. LLC: c/o Corporation Service Co., 2711 NEW YORK CITY EDUCATIONAL Centerville Rd., Ste. 400, Wilmington, DE Portfolio Administration Position (AVP) Authority filed with Secy. of State of N.Y. CONSTRUCTION FUND BROKERAGE EXECUTIVE ASSISTANT (SSNY) on 1/2/07. Office location: NY County. 19808. Arts. of Org. filed with DE Secy. of Westchester Italian Cultural Center, Inc. is at our NY office. Primarily responsible for State, 401 Federal St., Dover, DE 19901. SERVICES REQUEST FOR PROPOSALS ensuring accuracy of investment LLC formed in Delaware (DE) on 12/15/06. seeking a highly organized, multi-talented SSNY designated as agent of LLC upon Purpose: any lawful activity. portfolio accounting and assisting our The New York City Educational Construction individual as Executive Assistant. Qualified whom process against it may be served. candidates must have a minimum of Portfolio Managers. Requires degree in Fund (“ECF”) is seeking proposals 5+ years of administrative experience SSNY shall mail process to: Becker, Glynn, Notice of Formation of EAI Alternatives LLC. Applied Math for Finance or related field. Melamed & Muffly LLP, 299 Park Ave., NY, Arts. of Org. filed with NY Dept. of State on from organizations that are capable of (executive secretary or administrative Send resume by mail: providing insurance brokerage and assistant), communication and basic NY 10171, Attn: Richard N. Chassin, Esq. DE 5/14/07. Office location: NY County. Secy. of secretarial skills, display computer literacy Attn: NAGA/Ref. # KY-AVP, DLIBJ address of LLC: c/o The Corporation Trust State designated as agent of LLC upon consulting services to a public benefit in QuickBooks, Word, Excel, etc. Nonprofit Asset Management USA, Co., 1209 Orange St., Wilmington, DE 19801. whom process against it may be served and corporation organized by the State of experience and Italian fluency a plus. Salary 1133 Avenue of the Americas, Fl. 28, Arts. of Org. filed with DE Secy. of State, shall mail process to the principal business New York. A copy of the Request starting @ 45K+ and excellent benefits. NYC 10036 Townsend Bldg., Dover, DE 19901. Purpose: address of the LLC: 5 E. 42nd St., NY, NY for Proposal (RFP) for Insurance Send cover letter and resume to: any lawful activity. 10017. Purpose: any lawful activity. Brokerage and Consulting Services Loreto DeRubeis, Executive Director, Westchester Italian Cultural Center, To place your classified may be obtained from ECF by Notice of Formation of Lexington Avenue BBQ, NOTICE OF FORMATION OF LIMITED LIABILITY contacting the Fund at (718) 472-8287. One Generoso Pope Place, ad call John Gallagher COMPANY. NAME: KAILASH PARTNERS, Tuckahoe, N.Y. 10707 LLC. Arts. of Org. filed with Secy. of State of Responses to the RFP must be N.Y. (SSNY) on 5/23/07. Office location: NY LLC. Articles of Organization were filed with Fax: (914) 771-5900, received at the Fund’s offices by Email: [email protected] @ 212-210-0189 County. Principal business location: The the Secretary of State of NewYork (SSNY) on LLC, 179 Lexington Ave., NY, NY 10016. 04/23/07. Office location: New York County. 12 noon, August 10, 2007 SSNY has been designated as agent of the SSNY designated as agent of LLC upon New York City Educational Construction Fund whom process against it may be served. LLC upon whom process against it may be SSNY shall mail process to: Steven M. served. SSNY shall mail a copy of process to 30-30 Thomson Avenue, 4th Floor Cooperman, Esq., c/o Morrison Cohen LLP, the LLC, c/o Sanjiv Chand, 65 Hamilton Drive, Long Island City, New York 11101 www.newyorkbusiness.com (718) 472-8287 phone 909 Third Ave., 27th Fl., NY, NY 10022. Roslyn, New York 11576. Purpose: For any Purpose: any lawful activity. lawful purpose. (718) 752-8285 facsimile

26 | Crain’s New York Business | July 16, 2007 nb29p26_27_28_29cls.qxp 7/12/07 3:44 PM Page 27

PUBLIC & LEGAL NOTICES

EPOLOGY LLC, a foreign Limited Liability Notice of Formation of Birsel + Seck LLC. Notice of Qualification of BS DVB Debt LLC. NOTICE OF FORMATION OF LIMITED Notice of Qualification of Aventurana LLC. Company (LLC) filed with Sec of State of Arts. of Org. filed with Secy. of State of NY Authority filed with NY Dept. of State on LIABILITY COMPANY. NAME: WellBuilt Authority filed with NY Dept. of State on NY (SSNY) 5/4/07. NY Office location: NEW (SSNY) on 6/3/04. Office location: NY Co. 5/23/07. Office location: NY County. Principal Construction Enterprises, LLC. Articles of 10/27/06, as amended. Office location: NY YORK County. SSNY is designated as agent SSNY designated as agent of LLC upon business address: 383 Madison Ave., NY, NY Organization were filed with the Secretary County. LLC formed in Delaware (DE) on upon whom process against the LLC may whom process against it may be served. 10179. LLC formed in Delaware (DE) on of State of New York (SSNY) on 05/14/07. 7/10/00. NY Secy. of State designated as be served. SSNY shall mail a copy of any SSNY shall mail process to: The LLC, 333 5/18/07. NY Secy. of State designated as Office location: New York County. SSNY has agent of LLC upon whom process against it process against the LLC served upon him/her West 39th St., Ste 501, NY, NY 10018. agent of LLC upon whom process against been designated as agent of the LLC upon may be served and shall mail process to: c/o to THE LLC, 261 BROOME ST., APT. 3A, Purpose: any lawful activities. it may be served and shall mail process to: whom process against it may be served. Kelley Drye & Warren LLP, 101 Park Ave., NY, NEW YORK, NY 10002. General Purposes c/o CT Corporation System, 111 8th Ave., SSNY shall mail a copy of process to the NY 10178, Attn: Elisheva S. Teitz, registered Notice of Qualification of CIP Europe, L.P. NY, NY 10011, registered agent upon whom LLC, c/o Lazer Vukaj, 213 West 35th Street, agent upon whom process may be served. Notice of Qualification of TSI Croton, LLC. Authority filed with Secy. of State of N.Y. process may be served. DE address of LLC: Suite 601, New York, New York 10001. DE address of LLC: c/o Corporation Service Authority filed with Secy. of State of N.Y. (SSNY) on 3/1/07. Office location: NY County. c/o Corporation Trust Co., 1209 Orange St., Purpose: For any lawful purpose. Co., 2711 Centerville Rd., Wilmington, DE (SSNY) on 1/2/07. Office location: NY County. LP formed in Cayman Islands (CI) on Wilmington, DE 19801. Arts. of Org. filed 19808. Arts. of Org. filed with DE Secy. of LLC formed in Delaware (DE) on 12/15/06. 10/18/06. SSNY designated as agent of LP with DE Secy. of State, Div. of Corps., Notice of Formation of REDSTONE CAPITAL, State, Townsend Bldg., Dover, DE 19901. SSNY designated as agent of LLC upon upon whom process against it may be served. Townsend Bldg., Dover, DE 19901. Purpose: LLC. Arts. of Org. filed with Secy. of State of Purpose: any lawful activity. whom process against it may be served. SSNY shall mail process to: Co-Investment any lawful activity. N.Y. (SSNY) on 3/5/07. Office location: NY SSNY shall mail process to: Becker, Glynn, Partners Europe, L.P., c/o Lexington Advisors County. SSNY designated as agent of LLC upon Notice of Qualification of Crestview Partners Melamed & Muffly LLP, 299 Park Ave., NY, Inc., 660 Madison Ave., NY, NY 10022. Notice of Qualification of CPC NY 58 whom process against it may be served. SSNY (Erisa), L.P. Authority filed with NY Dept. of NY 10171, Attn: Richard N. Chassin, Esq. DE Registered agent upon whom process may be Mortimer Realty, LLC. Authority filed with shall mail process to: c/o Sasson Blaivas LLP, State on 5/25/07. Office location: NY County. address of LLC: c/o The Corporation Trust served: CT Corporation System, 111 8th Ave., Secy. of State of N.Y. (SSNY) on 5/9/07. 100 Park Avenue, 35th Fl., NY, NY 10017. Principal business address: 667 Madison Ave., Co., 1209 Orange St., Wilmington, DE 19801. NY, NY 10011. CI address of LP: Walker Office location: NY County. LLC formed in Purpose: any lawful activity. NY, NY 10021. LP formed in Delaware (DE) on Arts. of Org. filed with DE Secy. of State, Delaware (DE) on 5/4/07. SSNY designated 2/14/05. NY Secy. of State designated as agent House, 87 Mary St., P.O. Box 908 GT, George Notice of Qualification of Pandit Investors, LP. Townsend Bldg., Dover, DE 19901. Purpose: Town, Grand Cayman, KY1-9002 CI. as agent of LLC upon whom process against of LP upon whom process against it may be any lawful activity. it may be served. SSNY shall mail process to: Authority filed with NY Dept. of State on 4/23/07. served and shall mail process to: c/o CT Name/address of each genl. ptr. available from Office location: NY County. LP formed in SSNY. Cert. of LP filed with Walkers, Walker c/o Corporation Service Company, 80 State Corporation System, 111 8th Ave., NY, NY St., Albany, NY 12207. DE address of LLC: Delaware (DE) on 7/14/05. NY Secy. of State 10011, registered agent upon whom process Notice of Qualification of TSI East 51, LLC. House, 87 May St., P.O. Box 265 GT, George designated as agent of LP upon whom Authority filed with Secy. of State of N.Y. Town, Grand Cayman, KY1-9002, CI. Purpose: 1105 N. Market St., Ste. 1026, Wilmington, may be served. DE address of LP: c/o The DE 19801. Arts. of Org. filed with DE Secy. of process against it may be served and shall mail Corporation Trust Co., 1209 Orange St., (SSNY) on 1/2/07. Office location: NY County. all lawful purposes. process to: Vikram S. Pandit, Old Lane LLC formed in Delaware (DE) on 12/15/06. State, 401 Federal St., Dover, DE 19901. Wilmington, DE 19801. Name/address of genl. Purpose: any lawful activity. Holdings, LLC, 500 Park Ave., NY, NY 10022, ptr. available from Secy. of State. Cert. of LP SSNY designated as agent of LLC upon Notice of Formation of Crosby Roamann, principal business address of the LP. DE whom process against it may be served. LLC. Arts. of Org. filed with Secy. of State of filed with DE Secy. of State, 401 Federal St., Notice of Formation of PWVA, LLC. Arts. of address of LP: c/o Corporation Service Co., SSNY shall mail process to: Becker, Glynn, N.Y. (SSNY) on 1/27/06. Office location: NY Dover, DE 19901. Purpose: any lawful activity. Org. filed with Secy. of State of N.Y. (SSNY) 2711 Centerville Rd., Ste. 400, Wilmington, DE Melamed & Muffly LLP, 299 Park Ave., NY, County. SSNY designated as agent of LLC on 5/9/07. Office location: NY County. SSNY 19808. Name/address of genl. ptr. available NY 10171, Attn: Richard N. Chassin, Esq. DE upon whom process against it may be Notice of Qualification of FrontPoint Fixed designated as agent of LLC upon whom from Secy. of State. Cert. of LP filed with DE address of LLC: c/o The Corporation Trust served. SSNY shall mail process to principal Income Opportunities Fund GP, LLC. process against it may be served. SSNY Secy. of State, 401 Federal St., Dover, DE Co., 1209 Orange St., Wilmington, DE 19801. business location: Anne McBride Schreiber, Authority filed with NY Dept. of State on shall mail process to: Peggy Ann Wallace, 19901. Purpose: any lawful activity. Arts. of Org. filed with DE Secy. of State, 124 E 79th St., Apt. 19B, NY, NY 10021. 4/24/07. Office location: NY County. Principal 303 Park Ave. So., # 1151, NY, NY 10010. Townsend Bldg., Dover, DE 19901. Purpose: Purpose: any lawful activity. business address: 2 Greenwich Plz., Purpose: any lawful activity. Notice of Formation of Richardson Family any lawful activity. Greenwich, CT 06830. LLC formed in Limited Partnership. Certificate filed with Delaware (DE) on 11/9/01. NY Secy. of State Notice of Formation of CYBERLAWSTUDIO, Notice of Formation of BDL 147 Mercer Street, Secy. of State of NY (SSNY) on 5/22/2007. designated as agent of LLC upon whom Notice of Qualification of TSI Hawthorne, LLC. PLLC, a professional service limited liability LLC. Arts. of Org. filed with Secy. of State of Office location: NY County. Principal business process against it may be served and shall Authority filed with Secy. of State of N.Y. company (PLLC). Arts. of Org. filed with N.Y. (SSNY) on 5/10/2007. Office location: NY location: 25 Columbus Circle, 64A, NY, NY mail process to: c/o CT Corporation System, (SSNY) on 1/2/07. Office location: NY County. Secy. of State of N.Y. (SSNY) on 3/15/04. County. Principal business location: 147 10019. SSNY designated as agent of LP upon 111 8th Ave., NY, NY 10011, registered agent LLC formed in Delaware (DE) on 12/15/06. Office location: NY County. SSNY designated Mercer St., NY, NY 10012. SSNY designated whom process against it may be served. upon whom process may be served. DE SSNY designated as agent of LLC upon as agent of PLLC upon whom process as agent of LLC upon whom process against it SSNY shall mail process to: Jeffrey A. Lowin, address of LLC: 1209 Orange St., Wilmington, whom process against it may be served. against it may be served. SSNY shall mail may be served. SSNY shall mail process to: Esq., Morrison Cohen LLP, 909 3rd Ave., NY, DE 19801. Arts. of Org. filed with DE Secy. of SSNY shall mail process to: Becker, Glynn, process to: The LLC, 106 Bedford St., Apt. Holland & Knight LLP, 195 Broadway, NY, NY NY 10022. Name/address of each genl. ptr. State, 401 Federal St., Dover, DE 19901. Melamed & Muffly LLP, 299 Park Ave., NY, 6E, NY, NY 10014, Attn: Julia Cheng, registered 10007, Attn: M. James Spitzer, Jr. Term: until available from SSNY. Term: until 5/21/2107. Purpose: any lawful activity. NY 10171, Attn: Richard N. Chassin, Esq. DE agent upon whom process may be served. 12/31/2055. Purpose: any lawful activity. Purpose: any lawful activity. address of LLC: c/o The Corporation Trust Purpose: provision of legal services. Co., 1209 Orange St., Wilmington, DE 19801. Notice of Formation of AJA Group, LLC. Arts. Notice of Qualification of TSI West 76, LLC. Notice of Qualification of FrontPoint Leveraged Multi-Strategy Fund GP, LLC. Authority filed Arts. of Org. filed with DE Secy. of State, Notice of Formation of 75 East End LLC. of Org. filed with NY Dept. of State on 6/28/07. Authority filed with Secy. of State of N.Y. Townsend Bldg., Dover, DE 19901. Purpose: Office location: NY County. Secy. of State (SSNY) on 1/2/07. Office location: NY County. with NY Dept. of State on 4/24/07. Office Arts. of Org. filed with NY Dept. of State on location: NY County. Principal business any lawful activity. 4/13/07. Office location: NY County. Secy. of designated as agent of LLC upon whom LLC formed in Delaware (DE) on 12/15/06. process against it may be served and shall SSNY designated as agent of LLC upon address: 2 Greenwich Plz., Greenwich, CT State designated as agent of LLC upon 06830. LLC formed in Delaware (DE) on Notice of Qualification of TSI Midwood, LLC. mail process to the principal business whom process against it may be served. whom process against it may be served and 6/14/04. NY Secy. of State designated as Authority filed with Secy. of State of N.Y. address of the LLC: c/o CorpDirect Agents, SSNY shall mail process to: Becker, Glynn, shall mail process to: c/o Alexico Group LLC, agent of LLC upon whom process against it (SSNY) on 1/2/07. Office location: NY County. Inc., 225 W. 34th St., Ste. 910, NY, NY 10122, Melamed & Muffly LLP, 299 Park Ave., NY, 150 E. 58th St., 33rd Fl., NY, NY 10155, may be served and shall mail process to: LLC formed in Delaware (DE) on 12/15/06. registered agent upon whom process may NY 10171, Attn: Richard N. Chassin, Esq. DE principal business address of the LLC. c/o CT Corporation System, 111 8th Ave., SSNY designated as agent of LLC upon be served. Purpose: any lawful activity. address of LLC: c/o The Corporation Trust Purpose: any lawful activity. NY, NY 10011, registered agent upon whom whom process against it may be served. Co., 1209 Orange St., Wilmington, DE 19801. process may be served. DE address of LLC: SSNY shall mail process to: Becker, Glynn, Notice of Qualification of CGDO, LLC. Arts. of Org. filed with DE Secy. of State, Notice of Formation of Donaghy Family LLC. 1209 Orange St., Wilmington, DE 19801. Melamed & Muffly LLP, 299 Park Ave., NY, Authority filed with NY Dept. of State on Townsend Bldg., Dover, DE 19901. Purpose: Arts. of Org. filed with Secy. of State of N.Y. Arts. of Org. filed with DE Secy. of State, NY 10171, Attn: Richard N. Chassin, Esq. DE 6/15/07. Office location: NY County. Principal any lawful activity. (SSNY) on 2/1/07. Office location: NY County. 401 Federal St., Dover, DE 19901. Purpose: address of LLC: c/o The Corporation Trust business address: 1266 E. Main St., 7th Fl., SSNY designated as agent of LLC upon whom Stamford, CT 06902. LLC formed in Delaware any lawful activity. Co., 1209 Orange St., Wilmington, DE 19801. process against it may be served. SSNY shall Name of LLC: 2148 Broadway Holdings LLC. (DE) on 7/21/06. NY Secy. of State designated Arts. of Org. filed NY Sec. of State 4/30/2007. Arts. of Org. filed with DE Secy. of State, mail process to: Anderson Kill & Olick, P.C., Notice of Qualification of Jefferies Capital Townsend Bldg., Dover, DE 19901. Purpose: as agent of LLC upon whom process against Princ. off. loc.: New York Cty. Sec. of State 1251 Avenue of the Americas, NY, NY 10020, it may be served and shall mail process to: Partners IV LLC. Authority filed with Secy. of any lawful activity. Attn: James G. Clements, Esq. Purpose: all designated as agent of LLC upon whom CT Corporation System, 111 8th Ave., NY, NY process against it may be served. Sec. of State of NY (SSNY) on 5/13/05. NYS fictitious lawful purposes. 10011. DE address of LLC: c/o The Corporation name: Jefferies Capital Partners IV Manager. Name of LLC: Pils Realty LLC. Arts. of Org. State shall mail a copy of process to principal Trust Co., 1209 Orange St., Wilmington, DE bus loc.: 2148 Broadway Holdings LLC, 115 Office location: NY County. LLC formed in filed with NY Dept. of State on 5/10/2007, as Notice of Qualification of North Carolina 19801. Arts. of Org. filed with DE Secy. of E. 57th St., Ste. 1102, NY, NY 10022. The Delaware (DE) on 1/18/05. SSNY designated amended. Office location: NY County. Secy. State Credit Fund I, L.P. Authority filed with State, 401 Federal St., Dover, DE 19901. latest date at which the LLC may dissolve as agent of LLC upon whom process against of State designated as agent of LLC upon Secy. of State of N.Y. (SSNY) on 5/29/07. Purpose: any lawful activity. is: 12/31/2057. Purpose: any lawful activity. it may be served. SSNY shall mail process to: whom process against it may be served and Office location: NY County. Principal The LLC, 520 Madison Ave., 12th Fl., NY, NY shall mail process to: c/o Larissa N. Lachman, business location: 11 Madison Ave., NY, NY Notice of Qualification of Chilton Strategic Notice of Qualification of Rock New York 10022, Attn: Brian Friedman. DE address of 121 W. 19th St., Apt. 2B, NY, NY 10011, 10010. LP formed in North Carolina (NC) on Value Partners II, L.P. Authority filed with NY LLC: c/o Corporation Service Co., 2711 registered agent upon whom process may (183 Madison Avenue) LLC. Authority filed 8/4/04. SSNY designated as agent of LP Dept. of State on 6/19/07. Office location: NY with Secy. of State of NY (SSNY) on 2/14/07. Centerville Rd., Ste. 400, Wilmington, DE be served. Term: until 12/31/2047. upon whom process against it may be County. Principal business address: 1266 E. 19808. Cert. of Form. filed with DE Secy. of Purpose: any lawful activity. Office location: NY County. LLC formed in served. SSNY shall mail process to: c/o Main St., 7th Fl., Stamford, CT 06902. LP Delaware (DE) on 2/13/07. SSNY designated State, Townsend Bldg., Dover, DE 19901. Corporation Service Company, 80 State St., formed in Delaware (DE) on 3/11/05. NY Secy. as agent of LLC upon whom process against Purpose: any lawful activity. Notice of Formation of Eastern Capital Group Albany, NY 12207, registered agent upon of State designated as agent of LP upon whom it may be served. SSNY shall mail process to: LLC. Arts. of Org. filed with Secy. of State of whom process may be served. NC address process against it may be served and shall c/o National Registered Agents, Inc., 875 Ave Notice of Formation of Michael E. Newman N.Y. (SSNY) on 7/12/02. Office location: NY of LP: c/o CT Corporation System, 225 mail process to: c/o CT Corporation System, of the Americas, Ste 501, NY, NY 10001, also D.D.S., PLLC, a professional service limited County. SSNY designated as agent of LLC Hillborough Place, Raleigh, NC 27603. 111 8th Ave., NY, NY 10011, registered agent registered agent. Address to be maintained in liability company (PLLC). Arts. of Org. filed upon whom process against it may be Name/address of each genl. ptr. available upon whom process may be served. DE DE: 160 Greentree Dr., Ste 101, Dover, DE with Secy. of State of N.Y. (SSNY) on served. SSNY shall mail process to: c/o CT from SSNY. Cert. of LP filed with NC Secy. of address of LP: 1209 Orange St., Wilmington, 19904. Arts. of Org. filed with DE Secy. Of 5/9/07. Office location: NY County. SSNY Corporation System, 111 8th Ave., NY, NY State, 2 South Salisbury St., Old Revenue DE 19801. Name/address of each genl. ptr. State, 401 Federal St., Ste 4., Dover, DE 19901. designated as agent of PLLC upon whom 10011, registered agent upon whom process Building Complex, Raleigh, NC 27603. available from NY Secy. of State. Cert. of LP Purpose: any lawful activities. process against it may be served. SSNY may be served. Purpose: any lawful activity. Purpose: any lawful activity. filed with DE Secy. of State, 401 Federal St., shall mail process to: c/o The PLLC, 175 E. Dover, DE 19901. Purpose: any lawful activity. Notice of Qualification of Tailwind Capital 74th St., Ste. 8E, NY, NY 10021. Purpose: Notice of Qualification of D. E. Shaw AQ-SP Notice of Qualification of D. E. Shaw CAQ-SP Partners (TE), L.P. Authority filed with NY practice the profession of dentistry. Series 4-09, L.L.C. Authority filed with NY Series 2-01, L.L.C. Authority filed with NY Notice of Qualification of BLT 14 LLC. Authority Dept. of State on 5/3/07. Office location: NY Dept. of State on 6/13/07. Office location: NY Dept. of State on 6/14/07. Office location: NY filed with Secy. of State of N.Y. (SSNY) on County. Principal business address: 390 Park Notice of Qualification of CHANNEL County. LLC formed in Delaware (DE) on County. LLC formed in Delaware (DE) on 5/29/07. Office location: NY County. Principal Ave., NY, NY 10022. LP formed in Delaware PARTNERS, LP. Authority filed with Secy. of 10/26/06. NY Secy. of State designated as 6/9/06. NY Secy. of State designated as agent business location: 11 Madison Ave., NY, NY (DE) on 10/23/06. NY Secy. of State designated State of N.Y. (SSNY) on 12/24/01. Office agent of LLC upon whom process against it of LLC upon whom process against it may be 10010. LLC formed in Delaware (DE) on as agent of LP upon whom process against it location: NY County. LP formed in Delaware may be served and shall mail process to: D. served and shall mail process to: D. E. Shaw 8/15/06. SSNY designated as agent of LLC may be served and shall mail process to: c/o (DE) on 12/10/01. SSNY designated as E. Shaw & Co., L.P., 120 W. 45th St., 39th Fl., & Co., L.P., 120 W. 45th St., 39th Fl., Tower upon whom process against it may be served. CT Corporation System, 111 8th Ave., NY, NY agent of LP upon whom process against it Tower 45, NY, NY 10036, Attn: Bertrand C. 45, NY, NY 10036, Attn: Bertrand C. Fry, SSNY shall mail process to: c/o Corporation 10011. DE address of LP: c/o Corporation may be served. SSNY shall mail process to: Fry, General Counsel, registered agent upon General Counsel, registered agent upon Service Company, 80 State St., Albany, NY Service Co., 2711 Centerville Rd., Ste. 400, The LP, 153 E. 53rd St., 48th Fl., NY, NY 10022. whom process may be served. DE address of whom process may be served. DE address of 12207. DE address of LLC: 2711 Centerville Wilmington, DE 19808. Name/address of DE address of LP: 15 East North St., Dover, LLC: 1209 Orange St., Wilmington, DE 19801. LLC: 1209 Orange St., Wilmington, DE 19801. Road, Ste. 400, Wilmington, DE 19808. Arts. genl. ptr. available from Secy. of State. DE 19901. Name/address of each genl. ptr. Arts. of Org. filed with DE Secy. of State, 401 Arts. of Org. filed with DE Secy. of State, of Org. filed with DE Secy. of State, 401 Cert. of LP filed with DE Secy. of State, available from SSNY. Cert. of LP filed with DE Federal St., Dover, DE 19901. Purpose: any 401 Federal St., Dover, DE 19901. Purpose: Federal St., Ste. 4, Dover, DE 19901. Townsend Bldg., Dover, DE 19901. Purpose: any Secy. of State, PO Box 898, Dover, DE 19903. lawful activity. any lawful activity. Purpose: any lawful activity. lawful activity. Purpose: any lawful activity.

July 16, 2007 | Crain’s New York Business | 27 nb29p26_27_28_29cls.qxp 7/12/07 3:44 PM Page 28

PUBLIC & LEGAL NOTICES

FORMATION NOTICE OF THE LIMITED Notice of Qualification of Thermo Fisher NOTICE OF FORMATION OF R&B Bradhurst, Notice of Qualification of Goldman Sachs NOTICE OF QUALIFICATION OF: RT Consulting, LIABILITY COMPANY. NAME: BLACK SWAN Scientific (Asheville) LLC. Authority filed with LLC. Art. of Org. filed with the Secy of St. of Global Trading Advisors, LLC. Authority filed LLC, filed under the name RT Consulting of VENTURES, LLC. Art. of Org. were filed with Secy. of State of N.Y. (SSNY) on 4/16/2007. New York (SSNY) on 02/24/06. N.Y. Off. with Secy. of State of N.Y. (SSNY) on 5/2/07. the Northeast, LLC. Application for Authority the NY Secretary of State (SSNY) on May 21, Office location: NY County. LLC formed in Loc.: NY County. SSNY has been designated Office location: NY County. LLC formed in filed with the Secretary of State of New York 2007. Office location: New York County. SSNY Delaware (DE) on 6/3/1996. SSNY designated as agent of LLC upon whom process against Delaware (DE) on 11/26/02. SSNY designated (SSNY) on 4/6/2007. N.Y. Office Location: designated as agent of the LLC upon whom as agent of LLC upon whom process against it it may be served. The P.O. address to which as agent of LLC upon whom process against New York County. LLC formed in Delaware process against it may be served. SSNY shall may be served. SSNY shall mail process to: the SSNY shall mail a copy of any process it may be served. SSNY shall mail process to on 12/18/2006. SSNY has been designated mail a copy of process to Rosalind Resnick, c/o CT Corporation System, 111 8th Ave., NY, against the LLC served upon him/her is C/O principal business location: Goldman Sachs as agent of LLC upon process against it 39 Fifth Avenue, Apt. 15B, New York, NY NY 10011, registered agent upon whom the LLC: Abrams Garfinkel Margolis Bergson, Hedge Fund Strategies LLC, 1 New York may be served. SSNY shall mail a copy of 10003. Purpose: All lawful purpose. process may be served. DE address of LLC: LLP 237 West 35th St., 4th Fl., NY, NY, 10001. Plaza, NY, NY 10004. DE address of LLC: any process against it to: 4 Main Street, The Corporation Trust Company, 1209 Orange Purpose of LLC: any lawful act. 1209 Orange St., Wilmington, DE 19801. Peterborough, NH 03458. Delaware address NOTICE OF FORMATION of Global Medical St., Wilmington, DE 19801. Arts. of Org. filed Arts. of Org. filed with DE Secy. of State, P.O. of LLC: 35A The Commons, 3524 Silverside Associates, PLLC, a professional service with DE Secy. of State, 401 Federal St., Ste. 4, NOTICE OF FORMATION OF LIMITED Box 898, Dover, DE 19903. Purpose: any Road, Wilmington, DE 19810. Articles of limited liability company (PLLC). Arts. of Dover, DE 19901. Purpose: all lawful purposes. LIABILITY COMPANY. NAME: SEARCHING lawful activity. Organization filed with Delaware Secretary Org. filed with Secy. of State of NY (SSNY) FOR SMILES, LLC. Articles of Organization of State, 401 Federal Street, Suite 4, Dover, on 4/24/07. Office location: NY County. Notice of Formation RUMA REALTY CO. were filed with the Secretary of State of Notice of Qualification of Goldman Sachs EP DE 19901. Purpose: Any lawful activities. SSNY designated as agent of PLLC upon LLC, a domestic Limited Liability Company New York (SSNY) on 04/19/07. The latest Partners, LLC. Authority filed with Secy. of whom process against it may be served. (LLC) by the way of conversion from a date of dissolution is 05/31/2030. Office State of N.Y. (SSNY) on 5/2/07. Office location: Notice of Qualification of Goldman Sachs SSNY shall mail process to: 4 Brook Avenue, limited partnership f/k/a RUMA REALTY location: New York County. SSNY has been NY County. LLC formed in Delaware (DE) on Princeton Fund, LLC. Authority filed with Edison, NJ 08820. Purpose: practice the L.P., Certificate of Conversion filed with the designated as agent of the LLC upon whom 11/15/05. SSNY designated as agent of LLC Secy. of State of N.Y. (SSNY) on 5/2/07. profession of Medicine. Sec of State of NY (SSNY) on 3/22/07. NY process against it may be served. SSNY upon whom process against it may be served. Office location: NY County. LLC formed in Office location: NEW YORK County. Secretary shall mail a copy of process to the LLC, c/o SSNY shall mail process to principal business Delaware (DE) on 2/25/05. SSNY designated Notice of Formation Inch Fitness Limited of State is designated as agent upon whom Jay R. Viders, PLLC, One Old Country Road, location: Goldman Sachs Hedge Fund Strategies as agent of LLC upon whom process against Liability Company art. of org. filed Secy. of process against the LLC may be served. Carle Place, New York 11514. Purpose: For LLC, 1 New York Plaza, NY, NY 10004. DE it may be served. SSNY shall mail process to State NY (SSNY) 5/9/07. Off. loc. in NY Co. Secretary of State shall mail a copy of any any lawful purpose address of LLC: 1209 Orange St., Wilmington, principal business location: Goldman Sachs SSNY designated as agent of LLC upon process against the LLC served upon him/her DE 19801. Arts. of Org. filed with DE Secy. of Hedge Fund Strategies LLC, 1 New York whom process may be served. SSNY shall to ANNIE MALHOTRA, 150 WEST 56TH Notice of Registration of Thompson Wigdor & State, P.O. Box 898, Dover, DE 19903. Plaza, NY, NY 10004. DE address of LLC: mail copy of process to: 18 Mercer St, 6th Fl, STREET, #5904, NEW YORK, NY 10019. Gilly LLP. Cert. filed with Secy. of State of NY Purpose: any lawful activity. 1209 Orange St., Wilmington, DE 19801. NY, NY 10013. Purpose: Any lawful purpose. General Purposes (SSNY) on 2/3/03. Office location: NY County. Arts. of Org. filed with DE Secy. of State, P.O. SSNY designated as agent of LLP upon whom Notice of Formation of Hudson Third LLC. Box 898, Dover, DE 19903. Purpose: any Notice of Qualification of 708 Third Avenue Notice of Qualification of Blackstone Real process against it may be served. SSNY shall Arts. of Org. filed with Secy. of State of N.Y. lawful activity. Associates, LLC. Authority filed with Secy. of Estate Partners International I.D L.P. mail process to: c/o CT Corporation System, (SSNY) on 5/11/07. Office location: NY State of N.Y. (SSNY) on 5/3/07. Office location: Authority filed with Secy. of State of NY 111 8th Ave., NY, NY 10011, registered agent County. SSNY designated as agent of LLC NY County. LLC formed in Delaware (DE) on Notice of Qualification of KBCM Bridge LLC. (SSNY) on 11/13/01. Office location: NY upon whom process may be served. Purpose: upon whom process against it may be served. Authority filed with NY Dept. of State on 4/25/07. SSNY designated as agent of LLC County. LP formed in England on 12/19/00. practice the profession of law. SSNY shall mail process to principal business upon whom process against it may be 6/6/07. Office location: NY County. Principal SSNY designated as agent of LP upon whom location: 826 Broadway, NY, NY 10003. business address: c/o KeyBank, 127 Public served. SSNY shall mail process to principal process against it may be served. SSNY Notice of Qualification of Blackstone Purpose: any lawful activity. business location: The LLC, 708 Third Ave., Sq., Cleveland, OH 44114. LLC formed in shall mail process to the principal office of Communications Capital Commitment Delaware (DE) on 5/16/07. NY Secy. of State 15th Fl., NY, NY 10017, Attn: Merchants’ the LP: 345 Park Ave., NY, NY 10154. Partners I L.P. Authority filed with Secy. of Notice of Formation of CNJ HOLDINGS, National Properties, Inc. DE address of LLC: designated as agent of LLC upon whom Name/address of genl. ptr. available from State of NY (SSNY) on 6/21/00. Office location: LLC. Arts. of Org. filed with Secy. of State process against it may be served and shall c/o Corporation Service Co., 2711 Centerville SSNY. Cert. of LP filed with Registrar of NY County. LP formed in Delaware (DE) on of N.Y. (SSNY) on 9/11/06. Office location: Rd., Ste. 400, Wilmington, DE 19808. Arts. of mail process to: c/o Corporation Service Co., Companies, Companies House, Crown Way, 4/11/00. SSNY designated as agent of LP NY County. SSNY designated as agent of 80 State St., Albany, NY 12207, registered Org. filed with DE Secy. of State, Townsend Cardiff, Wales, CF14 3UZ, United Kingdom. upon whom process against it may be served. LLC upon whom process against it may be Bldg., Dover, DE 19901. Purpose: real estate agent upon whom process may be served. DE Purpose: any lawful activity. SSNY shall mail process to: The LP, c/o The served. SSNY shall mail process to: The LLC, address of LLC: 2711 Centerville Rd., Ste. ownership and any other purposes permitted Blackstone Group, 345 Park Ave., NY, NY 1350 Broadway, Ste. 210, NY, NY 10018. by applicable law. 400, Wilmington, DE 19808. Arts. of Org. filed NOTICE OF FORMATION of limited liability 10154. DE address of LP: The Corporation Purpose: any lawful activity. with DE Secy. of State, 401 Federal St., Dover, company (LLC). Name: NBE CONSULTING Trust Co., 1209 Orange St., Wilmington, DE DE 19901. Purpose: any lawful activity. Notice of Qualification of GS Capital Partners LLC. Articles of Organization filed with 19801. Name/address of genl. ptr. available Notice of Qualification of Focus 360 LLC. VI Employee Master Fund, L.P. Authority filed Secretary of State of New York (SSNY) on from SSNY. Cert. of LP filed with DE Secy. Authority filed with Secy. of State of NY with Secy. of State of N.Y. (SSNY) on 4/30/07. NOTICE OF FORMATION of Tender Creative 5/9/07. Office location: New York County. of State, 401 Federal St., Dover, DE 19901. (SSNY) on 5/4/07. Office location: NY County. Office location: NY County. LP formed in LLC. Article of Org. filed with the Sec'y of SSNY designated as agent of LLC upon whom Purpose: any lawful activity. LLC formed in Delaware (DE) on 2/21/07. Cayman Islands (CI) on 2/14/07. SSNY State NY (SSNY) 01/03/2006, address process against it may be served. SSNY shall SSNY designated as agent of LLC upon whom designated as agent of LP upon whom change filed SSNY 04/06/2007. Office location: mail process to: c/o National Registered process against it may be served. SSNY shall process against it may be served. SSNY shall Notice of Qualification of Kailix Associates NY County. SSNY designated as agent of Agents, Inc., 875 Avenue of the Americas, Ste mail copy of process to: 1400 SW Chapman mail process to: 85 Broad St., NY, NY 10004. L.L.C. Authority filed with NY Dept. of State LLC upon whom process against it may be 501, NY, NY 10001, also registered agent. Wy, Ste C, Palm City, FL 34990. LLC address CI address of LP: c/o M & C Corporate on 8/2/06. Office location: NY County. LLC served. SSNY shall mail copy of process to: Purpose: any lawful activities. formed in Delaware (DE) on 6/8/06. NY Secy. in DE: 2711 Centerville Rd, Ste 400, Tender, 188 Bowery, Floor 2, NY, NY 10012 Services Ltd., P.O. Box 309GT, Ugland House, Wilmington, DE 19808; Articles of Org filed South Church St., George Town, Grand of State designated as agent of LLC upon (principal business location). Purpose: any Notice of formation of Fluid Editorial & Design, whom process against it may be served and with DE Secy. of State, 401 Federal St, Dover lawful activity. Cayman, CI, BWI. Name/address of each genl. DE 19901. Purpose: any lawful activity. ptr. available from SSNY. Cert. of LP filed with LLC. Arts. of Org. filed Sec. of State NY (SSNY) shall mail process to the principal business 5/10/07. Off. Loc.: New York Co. SSNY address of the LLC: c/o The Blackstone Registrar of Exempted LPs, Elizabethan Sq., Notice of Formation of P V Bay Parkway Notice of Formation MEENAN & ASSOCIATES, designated as agent upon whom process Group, 345 Park Ave., NY, NY 10154. 4th Fl., Phase Four, George Town, Grand Residential LLC. Arts. of Org. filed with LLC, a domestic Limited Liability Company against it may be served. SSNY to mail copy of Registered agent upon whom process may Cayman, CI. Purpose: any lawful activity. Secy. of State of N.Y. (SSNY) on 1/28/04. (LLC). Articles of Organization filed with process to The LLC, 95 Horatio Street, Suite be served: CT Corporation System, 111 8th Office location: NY County. SSNY designated Secretary of State on 12/31/01. NY Office 409, NY, NY 10014. Purpose: Any lawful act. Ave., NY, NY 10011. DE address of LLC: c/o NOTICE OF FORMATION OF LIMITED LIABILITY as agent of LLC upon whom process location: NEW YORK County. Secretary of The Corporation Trust Co., 1209 Orange St., COMPANY. NAME: XPRESSPA HOUSTON against it may be served. SSNY shall mail State is designated as agent upon whom Notice of Formation of 56 South Second LLC. Wilmington, DE 19801. Cert. of Form. filed TERMINAL D, LLC. Articles of Organization process to: Corporation Service Co., process against the LLC may be served. Arts. of Org. filed with Secy. of State of N.Y. with DE Secy. of State, Federal & Duke of were filed with the Secretary of State of New 80 State St., Albany, NY 12207, registered Secretary of State shall mail a copy of any (SSNY) on 2/3/05. Office location: NY County. York Sts., Dover, DE 19901. Purpose: any York (SSNY) on 04/20/07. Office location: agent upon whom process may be served. process against the LLC served upon SSNY designated as agent of LLC upon whom lawful activity. New York County. SSNY has been designated Purpose: any lawful activity. him/her to COLLEEN M. MEENAN, 396 process against it may be served. SSNY shall BROADWAY, NEW YORK, NY 10013. as agent of the LLC upon whom process mail process to: c/o Thomas P. Higgins, Esq., against it may be served. SSNY shall mail a Notice of Qualification of RepEvent, LLC. Name of For. LLC: Kramer Design Group General Purposes 36 W. 44th St., Ste 911, NY, NY 10036. Authority filed with NY Dept. of State on copy of process to the LLC, 150 East 58th Purpose: any lawful activity. LLC. Appl. for Auth. filed with Sec. of State Street, 7th Floor, New York, New York 10155. 5/25/07. Office location: NY County. Principal of NY: 7/30/01. Jurisd. and date of org.: DE Name of LLC: Empire Games LLC. Arts. of business address: 75 9th Ave., 4th Fl., NY, Purpose: For any lawful purpose. NOTICE OF FORMATION OF LIMITED 7/27/01. NY State office loc.: NY Cty. Sec. of Org. filed with Secy. of State of NY (SSNY) NY 10011. LLC formed in Delaware (DE) on State of NY designated as agent of LLC on 12/5/2005. Office location: NY County. LIABILITY COMPANY. NAME: J. PEARCE, 3/7/07. NY Secy. of State designated as Notice of Qualification of Okapi Management LLC. Articles of Organization were filed with upon whom process may be served. Sec. of SSNY designated as agent of LLC upon LLC. Authority filed with Secy. of State of N.Y. agent of LLC upon whom process against it State shall mail copy of process to the LLC: whom process against it may be served and the Secretary of State of New York (SSNY) may be served and shall mail process to: c/o (SSNY) on 5/22/07. Office location: NY on 05/17/07 with an existence date of 601 W. 26th St., NY, NY 10001. Addr. of LLC shall mail process to: c/o Business Filings County. LLC formed in Delaware (DE) on Corporation Service Co., 80 State St., Albany, in DE is: 2711 Centerville Road, Ste. 400, Inc., 187 Wolf Rd., Ste. 101, Albany, NY 06/15/07. Office location: New York County. NY 12207. DE address of LLC: 2711 5/1/07. SSNY designated as agent of LLC SSNY has been designated as agent of the Wilmington, DE 19808. Authorized office in 12205, registered agent upon whom process upon whom process against it may be served. Centerville Rd., Ste. 400, Wilmington, DE DE where Cert. of Form. is filed: DE Sec. of may be served. Term: until 12/31/2045. LLC upon whom process against it may be 19808. Arts. of Org. filed with DE Secy. of SSNY shall mail process to: c/o Corporation served. SSNY shall mail a copy of process State, Townsend Bldg., Dover, DE 19901. Purpose: any lawful activity. Service Company (CSC), 80 State St., Albany, State, 401 Federal St., Ste. 4, Dover, DE 19901. Purpose: any lawful activity. to the LLC, 15 Stuyvesant Oval, Suite 5B, Purpose: any lawful activity. NY 12207. DE address of LLC: c/o CSC, 2711 New York, New York 10009. Purpose: For Notice of Formation of Spring Valley Site III Centerville Rd., Ste. 411, Wilmington, DE any lawful purpose. Notice of Formation of Spring Valley Site III Developer LLC. Arts. of Org. filed with Secy. of 19808. Arts. of Org. filed with DE Secy. of Notice of Formation CLAREMONT FREEPORT, Manager LLC. Arts. of Org. filed with Secy. of State of N.Y. (SSNY) on 3/26/07. Office State, Lockerman & Federal St., Dover, DE Notice of Formation of Gramercy Flatiron, LLC, a domestic Limited Liability Company State of N.Y. (SSNY) on 3/26/07. Office location: location: NY County. SSNY designated as 19901. Purpose: any lawful activity. LLC. Arts. of Org. filed with NY Dept. of (LLC). Articles of Organization filed with NY County. SSNY designated as agent of agent of LLC upon whom process against it State on 5/15/07. Office location: NY Secretary of State on 2/9/04. NY Office location: LLC upon whom process against it may be may be served. SSNY shall mail process to: Notice of Qualification of Blackstone County. Secy. of State designated as agent NEW YORK County. Secretary of State is served. SSNY shall mail process to: c/o CPC c/o CPC Resources, Inc., 28 E. 28th St., 9th Fl., Mezzanine Partners II L.P. Authority filed with of LLC upon whom process against it may designated as agent upon whom process Resources, Inc., 28 E. 28th St., 9th Fl., NY, NY, NY 10016. Purpose: any lawful activity. Secy. of State of NY (SSNY) on 6/8/05. Office be served and shall mail process to: Ebert against the LLC may be served. Secretary NY 10016. Purpose: any lawful activity. location: NY County. LP formed in Delaware & Associates, LLC, 350 5th Ave., Ste. 4011, of State shall mail a copy of any process Notice of Qualification of Prospect Capital (DE) on 6/6/05. SSNY designated as agent of NY, NY 10118, Attn: Steven Ebert, Esq., against the LLC served upon him/her to THE Notice of Qualification of Asharoken Capital Funding LLC. Authority filed with Secy. of LP upon whom process against it may be registered agent upon whom process may LLC, 1316 MADISON AVENUE, NEW YORK, Fund LP. Authority filed with Secy. of State of State of NY (SSNY) on 5/25/07. Office served. SSNY shall mail process to: The LP, be served. Purpose: any lawful activity. NY 10128. General Purposes N.Y. (SSNY) on 4/18/07. Office location: NY location: NY County. LLC formed in Delaware c/o The Blackstone Group, 345 Park Ave., NY, County. LP formed in Delaware (DE) on 4/13/07. (DE) on 5/15/07. SSNY designated as agent NY 10154. Registered agent upon whom Notice of formation of Career Women’s Initiative, Notice of Formation of Herbert Kayne LLC. SSNY designated as agent of LP upon whom of LLC upon whom process against it may process may be served: CT Corporation LLC. Articles of Organization filed with Secy. Art. of Org. filed with Sec of State of NY process against it may be served. SSNY shall be served. SSNY shall mail process to: System, 111 8th Ave., NY, NY 10011. DE State of NY (SSNY) on 01/22/2007. Office (SSNY) on 6/1/07. Office loc: NY County. mail process to: 801 Second Ave., 8th Fl., NY, The LLC, attn: Catherine Kelley, 10 E. 40th address of LP: c/o The Corporation Trust Co., Location: New York County. SSNY designated SSNY designated as agent of LLC upon NY 10022. DE address of LP: Corporation St., 44th Fl, NY, NY 10016. Address to be 1209 Orange St., Wilmington, DE 19801. as agent of LLC upon whom process against whom process may be served. SSNY Shall Trust Center, 1209 Orange St., Wilmington, DE maintained in DE: 160 Greentree Dr., Ste Name/address of genl. ptr. available from it may be served. SSNY shall mail process to: mail process to prin. bus. loc: c/o Law 19801. Name/address of each genl. ptr. 101, Dover, DE 19904. Arts. of Org. filed SSNY. Cert. of LP filed with DE Secy. of State, 430 E. 86th Street, Apt 12C, New York, NY Debenture Corporate Services, Inc., 400 available from SSNY. Cert. of LP filed with with DE Secy. Of State, 401 Federal St., 401 Federal St., Dover, DE 19901. Purpose: 10028. Attn: Melissa McClenaghan Martin. Madison Ave., NY. NY 10017. Purpose: any DE Secy. of State, P.O. Box 898, Dover, DE Ste 4., Dover, DE 19901. Purpose: any any lawful activity. Purpose: Any lawful activity. lawful activity. 19903. Purpose: all lawful purposes. lawful activities.

28 | Crain’s New York Business | July 16, 2007 nb29p26_27_28_29cls.qxp 7/12/07 3:45 PM Page 29

PUBLIC & LEGAL NOTICES

Notice of Formation of HLK Services LLC. Notice of Formation CLAREMONT U.P. LLC, a Notice of Qualification of Blackstone DD Notice of Qualification of 656-676 Amsterdam NOTICE OF FORMATION OF LLC: AVERLINK. Arts. of Org. filed with Secy. of State of N.Y. domestic Limited Liability Company (LLC). Advisors L.L.C. Authority filed with Secy. of Owner LLC. Authority filed with NY Dept. of Artic. of Org. filed w/ Sec. of State of NY on (SSNY) on 5/9/07. Office location: NY Articles of Organization filed with Secretary of State of NY (SSNY) on 3/25/05. Office location: State on 6/14/07. Office location: NY County. 05/22/07. NY Off. Loc.: NY County (SSNY) is County. SSNY designated as agent of LLC State on 7/3/03. NY Office location: NEW NY County. LLC formed in Delaware (DE) on LLC formed in Delaware (DE) on 6/13/07. NY designated as agent upon whom process upon whom process against it may be YORK County. Secretary of State is designated 1/3/05. SSNY designated as agent of LLC Secy. of State designated as agent of LLC against it may be served. Principle Business served. SSNY shall mail process to: c/o as agent upon whom process against the LLC upon whom process against it may be served. upon whom process against it may be served Address is: 130 West 15th Street 14m, NY, NY United Corporate Services, Inc., 10 Bank St., may be served. Secretary of State shall SSNY shall mail process to: The LLC, c/o and shall mail process to: 60 Columbus Circle, 10011. Purpose: Int. Business Development. Ste. 560, White Plains, NY 10606. Purpose: mail a copy of any process against the LLC The Blackstone Group, 345 Park Ave., NY, 20th Fl., NY, NY 10023, principal business any lawful activity. served upon him/her to THE LLC, 1316 NY 10154. Registered agent upon whom address of the LLC. DE address of LLC: 2711 Notice of Qualification of Goldman Sachs Real MADISON AVENUE, NEW YORK, NY 10128. process may be served: CT Corporation Centerville Rd., Ste. 400, Wilmington, DE Estate Opportunities Fund 2006, L.P. Authority NOTICE OF FORMATION OF Growfire Advisory General Purposes System, 111 8th Ave., NY, NY 10011. DE 19808. Arts. of Org. filed with DE Secy. of filed with Secy. of State of N.Y. (SSNY) on Services LLC. Article of Organization filed with address of LLC: c/o The Corporation Trust State, 401 Federal St., Dover, DE 19901. 5/22/07. Office location: NY County. LP the Secretary of State of NY (SSNY) on Notice of Formation of 570 Lexington Co., 1209 Orange St., Wilmington, DE 19801. Purpose: any lawful activity. formed in Delaware (DE) on 11/15/06. SSNY 4/24/07 Office location NEW YORK County. Associates LLC. Arts. of Org. filed with Secy. Cert. of Form. filed with DE Secy. of State, designated as agent of LP upon whom SSNY has been designated as agent upon of State of N.Y. (SSNY) on 3/29/2001. Office 401 Federal St., Dover, DE 19901. Purpose: NOTICE OF FORMATION of Professional process against it may be served. SSNY shall whom process against it may be served. The location: NY County. SSNY designated as any lawful activity. Service Limited Liability Corporation (PLLC) mail process to: 85 Broad Street, NY, NY Post Office address to which the SSNY shall agent of LLC upon whom process against it Pride Medical, PLLC Articles of Organization 10004. DE address of LP: 2711 Centerville mail a copy of any process against the LLC may be served. SSNY shall mail process to: Notice of Qualification of American Vantage filed with the Secretary of State of News Road, Ste. 400, Wilmington, DE 19808. served upon him/her is C/O the LLC 280 c/o Bernard H. Mendik, 330 Madison Ave., Media, LLC. Authority filed with Secy. of State York (SSNY) on 06/1/2007. N.Y. Office Name/address of each genl. ptr. available Madison Avenue, Suite 912. New York, NY NY, NY. Term: until 12/31/2071. Purpose: of N.Y. (SSNY) on 3/9/07. Office location: NY Location: New York County. SSNY has been from SSNY. Cert. of LP filed with DE Secy. of 10016. Purpose of LLC: to engage in any any lawful act or activity. County. LLC formed in Nevada (NV) on designated as an agent upon whom process State, Townsend Bldg., Dover, DE 19901. lawful act or activity. Street address of 7/19/06. SSNY designated as agent of LLC against it may be served. The Post Office Purpose: any lawful activity. Principal Business location is: 280 Madison Notice of Formation of 1965 BROADWAY AVE, upon whom process against it may be served. address to which the SSNY shall mail a copy Avenue, Suite 912. New York, NY 10016. LLC. Arts. of Org. filed with Secy. of State of SSNY shall mail process to: Attn: Trevor of any process against PLLC served upon Notice of Qualification of CSFB Strategic N.Y. (SSNY) on 3/13/07. Office location: Drinkwater, 2230 Broadway, Santa Monica, him/her is C/O the PLLC 3867 Broadway, Partners Parallel Fund II-B, L.P. Authority filed Notice of Formation of 110 Holding, LLC. NY County. SSNY designated as agent of CA 90404. NV address of LLC: c/o National Lower level, New York, NY 10032. with Secy. of State of N.Y. (SSNY) on 6/6/07. Arts of Org filed with Secy of State of NY LLC upon whom process against it may be Corporate Research Ltd., 202 South Minnesota Purpose/Character of PLLC: Healthcare. Office location: NY County. LP formed in (SSNY) on 05/17/01. Office location: New served. SSNY shall mail process to: The LLC, St., Carson City, NV 89703. Arts. of Org. filed Delaware (DE) on 1/9/03. SSNY designated as York County. SSNY designated as agent of 94-13 Flatlands Ave., Brooklyn, NY 11236. with NV Secy. of State, 202 North Carson St., agent of LP upon whom process against it LLC upon whom process against it may be Notice of Qualification of GRM Properties II Purpose: any lawful activity. Carson City, NV 89701. Purpose: entertainment LLC. Authority filed with Secy. of State of N.Y. may be served. SSNY shall mail process to served. SSNY shall mail process to: 110 company that produces, publishes and principal business location: c/o Credit Suisse Holding, LLC, 110 East 42nd Street, New (SSNY) on 5/29/07. Office location: NY Notice of Formation of ACP Lincoln Garages, distributes films, videos and music on digital County. Principal business location: 11 Securities (USA) LLC, 11 Madison Avenue, York, N.Y. 10017. Purpose: To engage in L.L.C. Arts. of Org. filed with Secy. of State video discs, videos and compact discs. 16th Fl., NY, NY 10010, Attn: Edward S. Nadel. any lawful business. Madison Ave., NY, NY 10010. LLC formed in of NY (SSNY) on 2/25/02. Office location: Delaware (DE) on 11/19/03. SSNY designated DE address of LP: 2711 Centerville Road, Ste. NY County. SSNY designated as agent of Notice of Qualification of WILLIAM REALTY, 400, Wilmington, DE 19808. Name/address of Notice of Formation of CB High Point, LLC. LLC. Authority filed with Secy. of State of as agent of LLC upon whom process against LLC upon whom process against it may be it may be served. SSNY shall mail process to: each genl. ptr. available from SSNY. Cert. of LP Arts. of Org. filed with Secy. of State of NY N.Y. (SSNY) on 6/28/01. Office location: NY filed with DE Secy. of State, 401 Federal St., (SSNY) on 6/15/07. Office location: NY Co. served. SSNY shall mail process to: c/o CT c/o Corporation Service Company, 80 State Corporation System, 111 8th Ave., NY, NY County. Principal business location: 13 Dover, DE 19901. Purpose: any lawful activity. SSNY designated as agent of LLC upon whom South William St., NY, NY 10004. LLC St., Albany, NY 12207. DE address of LLC: process against it may be served. SSNY shall 10011, registered agent upon whom process 2711 Centerville Rd., Wilmington, DE 19808. formed in Delaware (DE) on 6/5/01. SSNY Notice of Qualification of D. E. Shaw Alloy mail process to: National Registered Agents, may be served. Purpose: any lawful activity. Arts. of Org. filed with DE Secy. of State, 401 designated as agent of LLC upon whom Power Acquisition Holdings, L.L.C. Authority Inc., 875 Ave of the Americas, Ste 501, NY, NY Federal St., Dover, DE 19901. Purpose: any process against it may be served. SSNY filed with NY Dept. of State on 6/14/07. Office 10001, also registered agent. Purpose: any Notice of Qualification of BLT II LLC. Authority lawful activity. shall mail process to: 17 Battery Place, 9th location: NY County. LLC formed in Delaware lawful activities. filed with Secy. of State of N.Y. (SSNY) on 5/25/07. Office location: NY County. Principal Fl., NY, NY 10004. DE address of LLC: 615 (DE) on 3/30/06. NY Secy. of State designated Notice of Qualification of Horizon Arbitrage business location: 11 Madison Ave., NY, NY South DuPont Hwy., Dover, DE 19901. Cert. as agent of LLC upon whom process against Notice of Formation of Susan Krieger, Fund, LP. Authority filed with Secy. of State of 10010. LLC formed in Delaware (DE) on of Form. filed with DE Secy. of State, it may be served and shall mail process to: D. L.AC., PLLC, a professional service limited N.Y. (SSNY) on 3/14/07. Office location: NY 5/9/06. SSNY designated as agent of LLC Townsend Bldg., Dover, DE 19901. Purpose: E. Shaw & Co., L.P., 120 W. 45th St., 39th Fl., liability company (PLLC). Arts. of Org. filed County. LP formed in Delaware (DE) on 3/9/07. upon whom process against it may be served. any lawful activity. Tower 45, NY, NY 10036, Attn: Bertrand C. with Secy. of State of N.Y. (SSNY) on SSNY designated as agent of LP upon whom SSNY shall mail process to: c/o Corporation Fry, General Counsel, registered agent upon 5/7/07. Office location: NY County. SSNY process against it may be served. SSNY shall Service Company, 80 State St., Albany, NY Notice of Formation Designs by Krista LLC whom process may be served. DE address of designated as agent of PLLC upon whom mail process to: 470 Park Ave South, 4th Fl 12207. DE address of LLC: 2711 Centerville art. of org. filed Secy. of State NY (SSNY) LLC: 1209 Orange St., Wilmington, DE 19801. process against it may be served. SSNY South, NY, NY 10016, Attn: Horizon Asset Road, Ste. 400, Wilmington, DE 19808. Arts. 4/25/07. Off. loc. in NY Co. SSNY designated Arts. of Org. filed with DE Secy. of State, 401 shall mail process to: 306 W. 18th St., Apt. Management, Inc., registered agent upon of Org. filed with DE Secy. of State, 401 as agent of LLC upon whom process may Federal St., Dover, DE 19901. Purpose: any 3C, NY, NY 10011. Purpose: practice the whom process may be served. DE address of Federal St., Ste. 4, Dover, DE 19901. be served. SSNY shall mail copy of process lawful activity. profession of Acupuncture. LP: 1209 Orange St., Wilmington, DE 19801. Purpose: any lawful activity. to: Krista Scheider Berkowitz, 345 W. 48th Name/address of each genl. ptr. available from St, 4D, NY, NY 10036-1354. Purpose: Any Notice of Formation of National Specialty Notice of Formation of Cipriani Acquisition, SSNY. Cert. of LP filed with DE Secy. of State, Notice of Qualification of AIMCO 204-206 lawful purpose. Publications L.L.C. Arts. of Org. filed with Secy. LLC. Arts of Org filed with Secy of State of 401 Federal St., Ste. 4, Dover, DE 19901. West 133 Net Lessee, LLC. Authority filed with of State of NY (SSNY) on 6/01/2007. Office NY (SSNY) on 07/31/02. Office location: Name of LLC: Securities Acquisition Company Purpose: all lawful purposes. New York County. SSNY designated as Secy. of State of N.Y. (SSNY) on 5/11/07. LLC. Arts. of Org. filed NY Sec. of State location: New York County. SSNY designated agent of LLC upon whom process against it Office location: NY County. LLC formed in as agent of LLC upon whom process against 3/21/07. Princ. off. loc.: New York Cty. Sec. of Notice of Qualification of Horizon Asset may be served. SSNY shall mail process to: Delaware (DE) on 5/10/07. SSNY designated State designated as agent of LLC upon whom it may be served. SSNY shall mail process c/o Marshall E. Bernstein, Esq., Robinson as agent of LLC upon whom process against it Management Services Income Fund, LP. to: National Specialty Publications LLC, 425 process against it may be served. Sec. of State Authority filed with Secy. of State of N.Y. Brog Leinwand Greene Genovese & Gluck, may be served. SSNY shall mail process to: shall mail a copy of process to Gersten Savage Fifth Ave. Apt.# 46A New York, New York P.C., 1345 Ave of the Americas, 31 Fl, New c/o Corporation Service Company (CSC), 80 (SSNY) on 3/7/07. Office location: NY County. 10016. Purpose: any lawful activity. LLP, 600 Lexington Ave., 9th Fl., NY, NY 10022. LP formed in Delaware (DE) on 3/1/07. SSNY York, NY 10105. Purpose: To engage in any State St., Albany, NY 12207. DE address of Purpose: any lawful activity. lawful business. LLC: c/o CSC, 2711 Centerville Road, Ste. 400, designated as agent of LP upon whom TAG BUILDERS LLC Articles of Org. filed NY Wilmington, DE 19808. Arts. of Org. filed with Name of For. LLC: 110 Church Owner LLC. process against it may be served. SSNY shall Sec. of State (SSNY) 5/31/07. Office in NY Co. Notice of formation of LLC. Name: Royal DE Secy. of State, 401 Federal St., Dover, DE Appl. for Auth. filed with Sec. of State of NY: mail process to: 470 Park Ave South, 4th Fl. SSNY desig. agent of LLC upon whom Drama LLC. Arts. of org. filed with Sec. of 19901. Purpose: any lawful activity. 4/27/07. Jurisd. and date of org.: DE South, NY, NY 10016, Attn: Horizon Asset process may be served. SSNY shall mail copy St. of NY (SSNY) 6/15/07. Office loc. NY 4/26/07. NY State office loc.: NY Cty. Princ. Management, Inc., registered agent upon of process to 307 7th Ave., NY, NY 10001, County. SSNY designated as agent of LLC Name of For. LP: Davidson Kempner Event bus. loc. c/o The Sapir Organization, 384 whom process may be served. DE address of which is also the principal business location. upon whom process against it may be Driven Equities Fund LP. Appl. for Auth. filed Fifth Ave., NY, NY 10018. Sec. of State of NY LP: 1209 Orange St., Wilmington, DE 19801. Purpose: Any lawful purpose. served. SSNY shall mail copy of process to: with Sec. of State of NY: 3/22/07. Jurisd. and designated as agent of LLC upon whom Name/address of each genl. ptr. available from The LLC, 201 W 72nd St, 8I, NY, NY 10023. date of org.: DE 3/15/07. NY State office loc.: process may be served. Sec. of State shall SSNY. Cert. of LP filed with DE Secy. of State, Notice of Qualification of D. E. Shaw AQ-SP Purpose: Any legal purpose. NY Cty. Sec. of State designated as agent mail copy of process to the LLC: c/o The 401 Federal St., Ste. 4, Dover, DE 19901. Series 3-06, L.L.C. Authority filed with NY upon whom process against it may be served. Sapir Organization, 384 Fifth Ave., NY, NY Purpose: all lawful purposes. Dept. of State on 6/13/07. Office location: NY Notice of Qualification of TA Operating LLC. Sec. of State shall mail copy of process to: 10018. Addr. of LLC in DE is National County. LLC formed in Delaware (DE) on Authority filed with Secy. of State of N.Y. The LP, 65 E. 55th St., 19th Fl., NY, NY 10022, Corporate Research, Ltd., 615 South DuPont Notice of Qualification of Jupiter Capital GP, 7/18/06. NY Secy. of State designated as (SSNY) on 6/13/2007. Fictitious name in NY the registered agent of the LP upon whom Hwy., Dover, DE 19901. Authorized office in LLC. Authority filed with Secy. of State of N.Y. agent of LLC upon whom process against it State: TCA Operating LLC. Office location: process may be served. Addr. of LP in DE is: DE where Cert. of Form. is filed: DE Sec. of (SSNY) on 6/13/07. Office location: NY County. may be served and shall mail process to: D. NY County. Principal business location: National Corporate Research, Ltd., 615 S. State, Townsend Bldg., Dover, DE 19901. Principal business location: 115 E. 89th St., E. Shaw & Co., L.P., 120 W. 45th St., 39th Fl., 24601 Center Ridge Rd., Westlake, OH 44145. DuPont Hwy., Dover, DE 19901. Name/addr. of Purpose: any lawful activity. Ste. 8A, NY, NY 10128. LLC formed in Tower 45, NY, NY 10036, Attn: Bertrand C. LLC formed in Delaware (DE) on 7/8/1993. GP avail. from Sec. of State. Authorized office Delaware (DE) on 6/12/07. SSNY designated Fry, General Counsel, registered agent upon SSNY designated as agent of LLC upon in DE where Cert. of LP is filed is DE Sec. of Notice of Qualification of CSFB Strategic as agent of LLC upon whom process against it whom process may be served. DE address of whom process against it may be served. State, Townsend Bldg., Dover, DE 19901. Partners III-B, L.P. Authority filed with Secy. of may be served. SSNY shall mail process to: LLC: 1209 Orange St., Wilmington, DE 19801. SSNY shall mail process to: 400 Centre St., Purpose: any lawful activity. State of N.Y. (SSNY) on 6/6/07. Office location: c/o Lowenstein Sandler PC, 65 Livingston Arts. of Org. filed with DE Secy. of State, 401 Newton, MA 02458. DE address of LLC: NY County. LP formed in Delaware (DE) on Ave., Roseland, NJ 07068. DE address of LLC: Federal St., Dover, DE 19901. Purpose: any 1209 Orange St., Wilmington, DE 19801. NOTICE OF FORMATION OF LIMITED 12/7/04. SSNY designated as agent of LP c/o Corporation Service Company, 2711 lawful activity. Arts. of Org. filed with DE Secy. of State, LIABILITY COMPANY. NAME: PERFECT upon whom process against it may be served. Centerville Rd., Ste. 400, Wilmington, DE 401 Federal St., Ste. 4, Dover, DE 19901. IMAGE LLC. Articles of Organization were SSNY shall mail process to principal business 19808. Cert. of Form. filed with DE Secy. of Notice of Formation of Target Reach Group Purpose: any lawful activity. filed with the Secretary of State of New York location: c/o Credit Suisse Securities (USA) State, 401 Federal St., Ste. 4, Dover, DE 19901. LLC, Art. of Org. filed Sec'y of State (SSNY) (SSNY) on 05/14/07. Office location: New LLC, 11 Madison Avenue, 16th Fl., NY, NY Purpose: any lawful activity. 6/8/05. Office location: NY County. SSNY Notice of Qualification of CSFB Strategic York County. SSNY has been designated 10010, Attn: Edward S. Nadel. DE address of designated as agent of LLC upon whom Associates II, L.P. Authority filed with Secy. of as agent of the LLC upon whom process LP: 2711 Centerville Road, Ste. 400, Notice of Qualification of Valiant Entertainment process against it may be served. SSNY State of N.Y. (SSNY) on 6/6/07. Office location: against it may be served. SSNY shall mail a Wilmington, DE 19808. Name/address of each LLC. Authority filed with Secy. of State of N.Y. shall mail copy of process to 447 West 45th NY County. LP formed in Delaware (DE) on copy of process to the LLC, 1407 Broadway, genl. ptr. available from SSNY. Cert. of LP filed (SSNY) on 5/24/07. Office location: NY St., Apt. 3B, NY, NY 10036. Purpose: any 1/9/03. SSNY designated as agent of LP upon New York, New York 10018. Purpose: For with DE Secy. of State, 401 Federal St., Dover, County. LLC formed in Delaware (DE) on lawful activities. whom process against it may be served. SSNY any lawful purpose. DE 19901. Purpose: any lawful activity. 4/26/07. SSNY designated as agent of LLC shall mail process to principal business location: upon whom process against it may be served. Notice of formation of DaniCon Pharma c/o Credit Suisse Securities (USA) LLC, 11 Notice of Formation of 401 East 90th Street Notice of Formation of FREMEN LLC. Arts. of SSNY shall mail process to principal business Consulting, LLC. LLC articles were filed with the Madison Avenue, 16th Fl., NY, NY 10010, Attn: LLC. Arts. of Org. filed with Secy. of State of Org. filed with Secy. of State of N.Y. (SSNY) location: 455 E. 86th St., #17B, NY, NY Sec. of State of New York (SSNY) on 6/14/07. Edward S. Nadel. DE address of LP: 2711 N.Y. (SSNY) on 6/8/07. Office location: NY on 5/21/07. Office location: NY County. SSNY 10028, Attn: Jason Kothari. DE address of N.Y. Office location: NY County. SSNY has Centerville Road, Ste. 400, Wilmington, DE County. SSNY designated as agent of LLC designated as agent of LLC upon whom LLC: c/o Corporation Service Company, 2711 been designated as agent upon whom process 19808. Name/address of each genl. ptr. upon whom process against it may be served. process against it may be served. SSNY shall Centerville Road, Ste. 400, Wilmington, DE against it may be served. SSNY shall process available from SSNY. Cert. of LP filed with SSNY shall mail process to: c/o Hakim mail process to principal business location: 19808. Arts. of Org. filed with DE Secy. of to principal business address : The LLC, 207 DE Secy. of State, 401 Federal St., Dover, Organization, 3 W. 57th St., NY, NY 10019. c/o Brian Brille, 800 Fifth Ave., Apt. 21F, NY, State, 401 Federal St., Ste. 4, Dover, DE West 98th St., #2AA, New York, NY 10025. DE 19901. Purpose: any lawful activity. Purpose: any lawful activity. NY 10021. Purpose: any lawful activity. 19901. Purpose: any lawful activity. Purpose: any lawful activity.

July 16, 2007 | Crain’s New York Business | 29 Project3 7/10/07 4:15 PM Page 1 CNYB 07-16-07 A 31 7/12/2007 3:38 PM Page 1

BUSINESS CORPORATE LADDER Forest City exec gets Atlantic Yards gig on short notice PAGE 33 buck ennis

GOTHAM GIGS Mini-mascot DAVE PAYTON, 26, is 5-foot-3 and weighs about 115 pounds. That makes him perfect as Pee Wee the Seagull, the cartwheeling sidekick to Sandy the Seagull, the principal mascot of the Brooklyn Cyclones, the New York Mets’ minor league team. Mr. Payton earns $65 per appearance; he’s also a ticket taker and assistant tour guide at KeySpan Park. HEY, MACARENA! An actor for the past 17 years, Mr. Payton contacted the Cyclones for an office job. He was soon dressed as Pee Wee and doing the macarena in an audition. “I’m open to pretty much anything,” he says. HE OR SHE? According to the Cyclones, Pee Wee is Sandy’s adopted son. But Pee Wee’s gender is ambiguous.That’s fine by Mr. Payton, who says he likes to keep people guessing. BRING YOUR WIFE Mr. Payton enjoys his Coney Island gig, but like all minor leaguers, he longs for a call-up. “Mr. Met’s lonely—he’s been there since ’62,” he says. “It’s time to get him a bride.” —adrianne pasquarelli EXPERT OPINIONS WHAT’S NOVEL ON THE SUMMER BAR MENU?

one of my new drinks is klüg dave called La Rosa, $13. It’s half a BY LISA FICKENSCHER muddled strawberry, simple syrup, Gran Centenario he service at midtown restaurant Pershing Tequila Plata, Ramazzotti Snoopers Square came up a bit short during a recent lunch. Amaro and fresh lemon juice. It’s shaken and strained, then Rebecca Frank and her husband, Jonathan, duly topped off with rosé noted that they were not told about the daily specials Champagne. Sipping rums are when the waiter took their order. He also neglected to also very popular—people like go out remove a discarded Sweet’N Low packet. More a stronger cocktail. We make a egregiously, he didn’t replenish an empty ice tea glass rum old-fashioned with Ron Zacapa Centenario—23-year- quickly enough. old rum—orange bitters and on town The biggest faux pas? A busboy inexplicably Angostura bitters, sweetened removed all the utensils before the entrées arrived. with demerara syrup and Welcome to the world of mystery shopping, where customer service finished with a lemon and Get paid to shop, dine, orange twist. For the beach, Tbecomes the subject of painful scrutiny. try a Hanalei Sun—pineap- but job no piece of cake The Franks, who run their own mystery shopping See SNOOPERS on Page 32 ple-infused white rum, served chilled. I’m from Hawaii, and UNDER COVER it reminds me of home. —julie reiner Co-owner, beverage director Mystery Shoppers 1,000,000 500,000 $5-$100 Flatiron Lounge Source: Mystery Shopping Providers Association IN THE UNITED STATES ABROAD PAY PER ASSIGNMENT

July 16, 2007 | Crain’s New York Business | 31 CNYB 07-16-07 A 32 7/12/2007 3:41 PM Page 1

BUSINESS LIVES Snoopers go out on the town SERVICE CHECKLIST Mystery shopping reports from Perfectly Frank Inc. include more than 250 questions, Continued from Page 31 month. “I get to go to places I’ve Ms. Presser. including 21 about the reservation experience alone. Here is a sample of what these snoops must notice. firm—aptly named Perfectly Frank wanted to try for a while,” says Ms. There’s a lot to report, too. Ms. Inc.—were enjoying a casual lunch Presser,whose full-time job is direc- Presser mostly takes mental notes, G Phone was answered within three rings? at Pershing and were not on the job. tor of sales at B.B. King Blues Club except when she’s worried she won’t Each day, though, the couple sends & Grill. remember something—her server’s G Bartender smiles and makes eye contact with patrons? their spies to evaluate countless oth- name or appearance—and then she G Table is appropriately set with correct cutlery, crockery and glassware? er restaurants,hotels and spas across In demand rushes off to the bathroom to send the city. Mostly women, mystery with hospitality-oriented busi- text messages to herself. G Server/busboy ensures beverage levels are maintained appropriately? shoppers enjoy the services at these nesses trying to improve their cus- Others use their Blackberries— G Busboy correctly reads when diners are finished? places for free in exchange for com- tomer service amid a glut of compe- and type away so much during the G pleting a report on their experience. tition, mystery shoppers are in meal that they fear being found out. Staff’s uniforms are clean and free of stains? While nearly every industry uses greater demand than ever. “I’ll make cheesy comments to my G Restrooms are clean and free of odors? them—even Duane Reade hires “It’s very important to us to make husband, like ‘I’m so sorry for being shoppers—the plum assignments sure that the average diner has a won- rude; I’m getting all these work e- involve the hospitality business. derful experience at our restaurants,” mails,’ just in case someone is look- in his tip jar instead of the register. Ms. Koenig uses a recording device Who wouldn’t want to dine out, says Mathew Glazier, president of ing at me,” says Ms. Mittelman. Ms. Koenig notified the bar’s man- and dictates her observations, in- invite friends or spouses to come the Glazier Group, which hired Per- In fact, mystery shopping can be ager, and the bartender was asked to cluding how the staff responds to re- along, and get reimbursed for it all? fectly Frank to visit its six restaurants downright antisocial.“If you’re doing leave. But when Ms. Koenig requests for a new room, extra pillows, For Jennifer Mittelman,a matrimo- about once every two months. a good job,it’s possible that you won’t turned to the same bar later, an em- a wake-up call and room service. nial lawyer in the city, the assign- But what sounds like a great make eye contact at all with your din- ployee recognized her and pointed For most shoppers,the perks out- ments she gets from Perfectly Frank gig—it also includes a fee from $10 ing partner,” adds the lawyer. her out to the new bartender. “I weigh the cons—or at least that’s the represent a much-needed reprieve to $50 for the final report—can be These worries pale in comparison walked away,” says Ms. Koenig. “I perception, says David Rich, presi- from her tight household budget deceptively strenuous. It can even to those of shoppers for another firm, can’t go back to that bar now.” dent of Manhattan-based ICC De- and her limited skills in the kitchen. be a nerve-wracking assignment for Lincoln Controls. These inspectors cision Services, a mystery shopping “My husband is just happy that he the shoppers, some of whom don’t are typically brought in when a man- Diminished appetite firm that receives 600 applications a doesn’t have to put up with my cook- make it past the training. ager suspects employee theft. in fact, Ms. Koenig’s job as a full- week from people across the country. ing,” says Ms. Mittelman, who even “They drop out,”says Ms.Frank, “We can get people fired,” says time shopper leaves her little ap- But shoppers’ friends are proba- celebrated her wedding anniversary who requires her hires to answer Pat Koenig, director of operations petite for going out on her time off, bly the biggest beneficiaries. Ms. on assignment for Perfectly Frank— about 250 questions within 24 for the Manhattan-based security she says. Her daughter teases that Pressers’ girlfriends put in requests with her husband, of course. hours of their assignment. firm, which also provides mystery she doesn’t need to remember the for dates and are on a rotating sched- For Amanda Presser, a self-de- “You’ll have this great meal and shopping services. waiter’s name or the check number ule for her assignments. “They love scribed foodie, Perfectly Frank af- drinks, and then it’s 10:30 and you She recalled a recent incident in when the family is out together. my job,” says Ms. Presser. fords her the opportunity to indulge have to write the report, which can which she saw a bartender put the Hotel visits demand an even her obsession at least three times a take more than two hours,” explains cash she gave him for a glass of wine higher level of attention to detail. COMMENTS? [email protected] The MostUnique Space In Manhattan Never Before Available at 1501 Broadway

Featuring 47,047 SF In The Heart Of Times Square 30’ Skylight Ceiling Breathtaking Atrium World Famous Landmark Building

Paul V. Ippolito 212.372.2360 [email protected]

32 | Crain’s New York Business | July 16, 2007 CNYB 07-16-07 A 33 7/12/2007 3:27 PM Page 1

BUSINESS LIVES CORPORATE LADDER MaryAnne Gilmartin Hard hat, tough skin Forest City executive end space in the area now fetches $80 to $100.) PERSONNEL FILE assumes oversight For her next trick, Ms. Gilmartin will attempt a project that is five COMPANY Forest City Ratner Cos. of Atlantic Yards times as large and far more contro- TITLE Executive vice president, on short notice versial: Atlantic Yards. Last month, commercial and residential devel- Forest City Chief Executive Bruce opment and Atlantic Yards Ratner tapped his No. 3 to lead the BY ERIK ENGQUIST $4 billion development, which in- AGE 43 cludes an arena, a 511-foot tower— RÉSUMÉ Assistant VP, city aryanne gilmartin both designed by Frank Gehry—and Economic Development Corp. stands confidently 15 other buildings over an active rail at the edge of a con- yard in Prospect Heights, Brooklyn. PATH NOT TAKEN Law school struction elevator WHAT’S ON HER IPOD Coldplay rising to the top of No hesitation Mthe unfinished New York Times asked if she was chosen because building, nothing but a thin metal Atlantic Yards and the Times build- when her predecessor,James Stuckey, grate between her and a 52-story ing are similar—risky finances, resigned abruptly and without much drop onto West 41st Street. In a celebrity architects and use of emi- explanation. Forest City said it had dark-blue cotton business suit and nent domain—Ms. Gilmartin says, prepared to ensure a “seamless transi-

hard hat, she is unfazed by the dan- “I think I’m the most qualified per- tion,” but Mr. Stuckey left without larry ford ger or the vulgar banter of laborers son for the job.” walking Ms. Gilmartin through At- sharing the ride. Atlantic Yards, which faces sev- lantic Yards’ many intricacies. student despite also holding down a “My mother raised us to make The project has been her baby for eral lawsuits, will be a severe test. Critics say the switch puts the de- job. She then became an Urban Fel- your own happiness,make your own eight years. Ms. Gilmartin, head of Ms. Gilmartin must line up financ- veloper at a disadvantage. “It’s very low and worked in economic devel- way,” she says. And she has, thanks commercial and residential devel- ing, build the arena in two years and likely that she isn’t that familiar with opment in the Koch and Dinkins in great part to a husband who stays opment at Forest City Ratner Cos., the entire project in 10, achieve the project and certainly not nearly administrations. home with their sons, 9 and 8, and has nurtured it from dubious con- LEED environmental certification, the expert on all of its moving parts daughter, 3, in the Westchester sub- cept to cash-producing reality. lure tenants and home buyers, relo- that Jim Stuckey was,” says Atlantic Making her own way urb of Edgemont. “People thought we were crazy,” cate the rail yard and honor a com- Yards opposition leader Daniel she’s also adaptable. Her father “It’s the secret of my success,”de- Ms. Gilmartin says, referring to the munity benefits agreement—all un- Goldstein. “This has got to make walked out on the family when she clares Ms. Gilmartin, who spends financial challenge of erecting a 1.6 der the relentless scrutiny of things more difficult for the compa- was 2; her mother remarried and most of her free time with her million-square-foot, Renzo Piano- Atlantic Yard foes. ny until she gets up to speed.” moved the brood—Ms. Gilmartin kids—save for 6 a.m. workouts in designed office tower on lackluster “I’m ready for it,” she says. “I’m But Ms.Gilmartin is a fast learn- is the second of five children—from her home gym. Eighth Avenue. (Forest City need- not afraid of anything.” er.She earned a scholarship to Ford- Rockaway Beach to Centereach, ed rents of $75 a square foot; high- Ms. Gilmartin landed the gig ham University,where she was a star L.I., to Woodstock. COMMENTS? [email protected]

July 16, 2007 | Crain’s New York Business | 33 CNYB 07-16-07 A 34 7/12/2007 5:46 PM Page 1

BUSINESS LIVES

EXECUTIVE MOVES

ACCOUNTING & CONSULTING executive vice president of AXA at Buchanan Ingersoll & Rooney. Alvarez & Marsal Transaction Advisory Equitable Life Insurance Co. Loeb & Loeb: Warren MacRae, 45, joined HOT JOBS Group: Steve Nietupski, 33, joined as Guy Carpenter & Co.: Joan Lamm- as partner. He had been a partner at managing director. He had been a Tennant, 54, joined as global chief Bryan Cave. director, transaction services, at economist and risk strategist. She had McDermott Will & Emery: Michael WANTED: PRESIDENT PricewaterhouseCoopers. been senior vice president, general Shanahan, 42, joined as partner. He had ExlService Holdings Inc.: Kal Bittianda, reinsurance, and president of General Re been a partner at Brown Rudnick. 42, joined as vice president and head of Capital Consultants. Orrick Herrington & Sutcliffe: Jill D. ORGANIZATION NYC Big Events strategic account management for North Société Générale: Mark E. Kaplan, 47, Block, 44, joined as partner. She had JOB DESCRIPTION Attracting high-profile events of national and interna- America. He had been principal at was promoted to chief administrative been a partner at Katten Muchin tional significance to the New York City area Inductis. officer from general counsel, corporate Rosenman. and investment banking, Americas. Marc S. Shapiro, 46, joined as partner. MOST IMPORTANT TASK Marketing New York as the world’s greatest ADVERTISING & COMMUNICATIONS Zurich: Jan B. Noll, 57, was promoted to He had been a partner at Katten stage Bravo Group: Jaime Kalfus, 43, joined as director of the strategic account center Muchin Rosenman. chief insights officer. She was formerly for global corporate, a new position, Reed Smith: Kevin Rowe, 48, joined as CREDENTIALS NEEDED Significant marketing and branding experience associate director of brand planning at from senior vice president and regional counsel. He had been counsel at Alston RECRUITER Internal Deutsch. executive. & Bird. MSL Productions: Eleni Roselli, 43, joined UPSIDE Working with leading entertainment and production companies as partner and director of integrated HIGH TECH & NEW MEDIA MEDIA & ENTERTAINMENT DOWNSIDE Job description and title may change as the quasi-city strategy and development. She had been Comcast Network Advertising Sales: BizBash Media: Alex Page, 40, was vice president of brand marketing and Frank Ciancio, 43, joined as senior vice promoted to editorial director, agency adjusts to new management licensing at Adjmi Apparel Group Inc. president. He had been senior vice Masterplanner Calendar, from editor. Former president Maureen Reidy left in June to become chief operating Titan Worldwide: Vudh “Woody” Nitibhon, president at PBS Kids Sprout. Games Media Properties: Keith Kane, 42, officer of IMG Fashion, which runs Fashion Week shows at Bryant Park. IDC Research Inc.: 25, was promoted to art director from Benjamin S. Woo, 33, was appointed senior vice president of Ms. Reidy has been responsible for bringing a number of major produc- marketing associate. joined as research vice president, advertising sales, a new position. He enterprise storage systems. He had been had been vice president and chief tions to the city, including the Latin Grammys and the Republican Nation- APPAREL & RETAIL vice president of sales at ASI System advertising and marketing officer at al Convention. Earlier this year, the mayor put NYC & Company, NYC Big Absolut Spirits Co.: Jeffrey Moran, 39, was Integration Inc. Cdigix. Events and NYC Marketing under one organizational umbrella. promoted to senior director of corporate Mimeo.com: Charlie Corr, 53, joined as Hachette Filipacchi Media U.S.: Robert –KIRA BINDRIM and brand communications, a new vice president, corporate strategy. He Ames, 44, was promoted to vice president position, from director of public had been group director at InfoTrends and general manager, digital automotive relations, events and sponsorships. Production Services. group, from vice president and Fragments Inc.: Marla Sabo, 48, joined as ScanScout: Tom Bosco, 36, joined as marketing director, men’s enthusiast president and chief executive. She had director of sales, East. He had been chief network. been president and chief operating operating officer for the Fifth Network. NBC Universal Television Stations: Mark officer at Christian Dior Americas Inc. Wilma McDaniel, 33, joined as director Lund, 45, was promoted to executive from marketing director. president at BNY ConvergEx Group. of marketing. She had been director of vice president, sales, from senior vice —adrianne pasquarelli ARCHITECTURE & DESIGN marketing at Eyeblaster. president, sales, for WNBC and the East REAL ESTATE and sarah studley Carey Jones Interiors: Matthew Young, Coast stations group. Cauldwell Wingate Co.: John B. Moore,52, 46, joined as vice president. He had been LAW Nickelodeon/MTVN Kids and Family joined as vice president of strategic EXECUTIVE PROMOTIONS managing architect of record at Leo A. Baker & McKenzie: Ata Dinlenc, 36, Group: Pam Kaufman, 43, was promoted services. He was formerly a vice Daly. joined as partner. He had been counsel to chief marketing officer from executive president at Tishman Construction. Crain’s lists the promotion and hiring of New York WB Engineers: Peter Babigian, 37, joined at Bingham McCutchen. vice president, marketing and worldwide Sinvin Realty: Michael Glanzberg,36, area senior executives on a space-available basis, as principal. He was formerly principal Bracewell & Giuliani: Jonathan Wry, 36, promotions. joined as managing director and general with priority given to positions in New York City. and director of engineering and design joined as partner. He had been counsel TV Guide magazine: Gary Kleinman,47, counsel. He had been a partner at Kelly The fastest way to get an announcement into at Constantin Walsh-Lowe. at Simpson Thacher & Bartlett. was promoted to vice president, Herlihy & Klein. Crain’s is to submit details online by filling out the Gibson Dunn & Crutcher: Glenn Pollner, associate publisher, from vice president, form at www.NewYorkBusiness.com/submit. FINANCE & INSURANCE 40, joined as partner. He had been a national advertising director. SERVICES The Executive Moves column is also available AXA Advisors: Andrew McMahon, 40, was partner at Dewey Ballantine. Christy Tanner, 38, was promoted to Depository Trust & Clearing Corp.: online. promoted to chairman from chief Herrick Feinstein: Bruce P.Levine, 47, vice president, marketing and online Nicholas A. Deliso, 46, joined as senior Crain’s cannot confirm receipt of listings or say operating officer. He continues as joined as partner. He had been a partner network development, for TVGuide.com relationship manager. He had been vice when they will appear.

THE WEEKS AHEAD

THIS WEEK’S EVENTS JULY 18 Building, 7 Hanover Square, 15th floor. (201) 289-2208 or [email protected]. 4:00 p.m., 1065 Sixth Ave., 13th floor. JULY 17 Hodgson Russ holds seminar on estates Fee: free for members, $15 Fee: $179 if registered by July 18; $199 New York Society of Security Analysts and trusts. 8:30 a.m. to 10:15 a.m., nonmembers. (718) 701-0087. JULY 30-AUGUST 5 thereafter. (800) 207-0015 or holds course on credit analysis and Harvard Club, 35 W. 44th St. Fee: $45. JULY 24-AUGUST 28 JULY 30 www.maverickmarketing.biz. credit risk management. 1:00 p.m. to (212) 751-4300 or Dynamic Executive Coaching holds Foundation for Accounting Education AUGUST 8 4:30 p.m., 1177 Sixth Ave., second [email protected]. seminars on sales skills for nonsales holds conference on hedge funds and Girls Inc. holds networking reception. floor. Fee: $215 members, $275 JULY 18 professionals. Tuesdays. 7:00 p.m. to alternative investments. 8:45 a.m. to 7:30 p.m. to 10:00 p.m., Harry’s at nonmembers. (646) 871-3428 or Allstate Foundation and Accion New 9:30 p.m., Sage Theater, 711 Seventh 12:30 p.m., 3 Park Ave., 19th floor. Fee: Water Taxi Beach, Second Street and [email protected]. York hold seminar on the first steps of Ave., second floor. Fee: $200. $150 members, $200 nonmembers. Borden Avenue, Long Island City, JULY 17 starting a business. 6:00 p.m. to 8:00 (917) 338-7858 or (800) 537-3635 or Queens. Fee: $80. (212) 509-2000, Camba’s Small Business Services holds p.m., Small Business Development [email protected]. www.nysscpa.org. ext. 211, or [email protected]. workshop on writing a business plan. Center at La Guardia Community JULY 25 JULY 31 AUGUST 8 3:00 p.m. to 5:30 p.m., 884 Flatbush College, 31-10 Thomson Ave., Long New York Commercial Real Estate Nationwide Equities Corp. holds American Business Media holds Ave., second floor, Brooklyn. Free. Island City, Queens. Free. Women Network holds breakfast on networking reception. 6:00 p.m. to 8:00 networking reception with digital (718) 282-2500, ext. 242, or (212) 387-0494. 1031 exchanges. 8:00 a.m. to 9:15 a.m., p.m., Social Bar & Lounge, 795 Eighth community leaders. 8:30 a.m. to 10:30 [email protected]. JULY 20 Tishman Speyer, 45 Rockefeller Plaza, Ave., second floor. Free (917) 975-5985 a.m., Scholastic, 557 Broadway. Fee: $95 JULY 18 ActionCoach New York holds workshop seventh floor. Fee: free for members, $35 or [email protected]. members, $125 nonmembers. Networking for Professionals holds on customer sales. 8:00 a.m. to 10:00 nonmembers. (212) 499-6566 or (212) 661-6360, ext. 3337, or networking lunch. 1:00 p.m. to 3:00 a.m., Crema restaurant, 111 W. 17th St. [email protected]. AUGUST 6-12 [email protected]. p.m., Opia, 130 E. 57th St. Fee: $44.90 Fee: $149. (646) 862-1710 or JULY 26 AUGUST 6 AUGUST 9 members, $54.90 nonmembers. [email protected]. Professional Women in Construction Global Purchasing Cos. holds seminar LatinVision Media holds networking (718) 625-1369 or holds transportation forum. 8:00 a.m. to on spring 2008 retail trends. 6:30 p.m. to reception. 6:00 p.m. to 9:00 p.m., New [email protected]. JULY 23-29 10:00 a.m., Yale Club, 50 Vanderbilt 7:30 p.m., 1133 Broadway. Fee: free for York University, 53 Washington Square JULY 23 Ave. Fee: $65 members and $75 members, $25 nonmembers. South, King Juan Carlos of Spain Hall. Face-to-Face Speed Networking holds nonmembers in advance; $85 for all at (212) 414-4001 or Fee: $30. (646) 519-2452 or TO LIST YOUR EVENT reception. 6:15 p.m. to 8:45 p.m., Macy’s door. (212) 486-7745 or [email protected]. [email protected]. Crain’s lists business meetings online and includes Cellar Bar and Grill, 151 W. 34th St. [email protected]. AUGUST 7 AUGUST 14 them in the print edition on a space-available basis. Fee: $29.50. (718) 757-6933. JULY 26 Asian Women in Business holds Manhattan Chamber of Commerce Events in New York City with admission fees of less JULY 24 Pace University’s Small Business workshop on small business successes. holds networking reception. 6:00 p.m. to than $300 are considered for the print publication. Lower Manhattan Business Solutions Development Center holds workshop 6:30 p.m. to 8:30 p.m., Mercedes Benz 8:00 p.m., Roger Smith Hotel, 501 Listings can be submitted only through the Crain’s holds business advice seminar. 3:00 p.m. on business planning. 5:30 p.m. to 7:30 Showroom, 430 Park Ave. Fee: free for Lexington Ave. Fee: $15 members, $25 Web site. To submit a calendar listing, go to to 5:00 p.m., 79 John St., second floor. p.m., 163 William St., 15th floor. Free. small business and corporate members, nonmembers. (212) 473-8074. www.newyorkbusiness.com and click on “Events.” Free. (212) 618-8845. (212) 618-6655 or [email protected]. $20 individual and sustaining members, —adrianne pasquarelli Sponsors have a choice of several free or paid list- JULY 24 JULY 26 $40 nonmembers. (212) 868-1368 or ing options. All business events will be posted U.S. Federation of Small Businesses Business Network International, chapter [email protected]. online within two business days. More meetings online at holds networking reception and 15, holds networking breakfast. 7:00 AUGUST 8 www.newyorkbusiness.com Crain’s can neither confirm receipt of listings nor say program on search engine optimization. a.m. to 8:30 a.m., George’s Restaurant, Blah Blah Blah Etc. Inc. holds seminar Click on “Events” if or when event listings will appear in the print edition. 6:00 p.m. to 8:00 p.m., Guardian 89 Greenwich St. Fee: $18. on successful marketing. 9:00 a.m. to

34 | Crain’s New York Business | July 16, 2007 CNYB 07-16-07 A 35 7/12/2007 3:36 PM Page 1

BUSINESS LIVES TABLE TALK by Bob Lape Wild Salmon won my heart. floated a school of 250 copper- But when I returned a week ago glazed fish overhead; earth tones with five foodie friends to whom I predominate, providing warmth to had touted the newcomer, I found the setting. rampant inattention.Service was ei- Wild Salmon’s cocktails, beer ther green or slipshod, and the and wine selections are examples of kitchen suddenly seemed to be hit- culling the Northwest for inspira- ting on two cylinders out of a possi- tion and the best the region has to ble four. offer, and pricing items fairly. BLAUE GANS serves Austrian classics. A personable waitress named At the end of the day, Wild Taylor sang the Pacific Northwest Salmon is wildly uneven. Until con- song agreeably but vanished in mid- sistency is established,it will contin- bierhaus offers the best (pork) meal to help handle a nearby party ue to swim upstream. schnitzel in town and other Austrian of 20. classics—goulash, wursts, backhendl, Things slowed down dramati- COMMENTS? [email protected] smoked trout dishes and strudel. cally at that point. A young waiter made sporadic, tentative approach- Destino es to clear and managed to drop a BEST OF BOB LAPE 891 First Ave. (at East 50th Street), utensil on one guest’s arm in the Manhattan. (212) 751-0500. With process. Here are a number of recently reviewed Justin Timberlake among the own- I don’t know whom to blame for spots in the city that garnered at least ers and longtime Rao’s chef Mario the Snake River Farm Kurobota two stars. Curko in the kitchen, this southern pork osso buco’s arriving cold. But it Italian site does a lively business in took minutes and a lot of hand-wav- Anthos rather posh surroundings. ing to get anyone to take it away,and 36 W. 52nd St. (between Fifth and still more time before anyone asked Sixth avenues), Manhattan. Enzo’s if the intended recipient wanted (212) 582-6900. It’s Donatella Arpa- 1998 Williamsbridge Road (at something in its place. ia and chef Michael Psilakis (Dona) Neill Street), Morris Park, the I can and do blame the kitchen again as the youthful chef bids to Bronx. (718) 409-3828. Neighbors for some flavor-light items, includ- gain for modern Greek cuisine the line up for the tasty take on south- ing the once-hailed quail and a same repect accorded French, Ital- ern Italian food and friendly hospi- strawberry-rhubarb crisp that was ian and Spanish cooking. tality. At age 10, the original Enzo’s strongly recommended by the staff is famed for fried calamari with but needed more time in the oven. Gordon Ramsay Pasquale sauce, whose ingredients And the Baked Alaska Igloo no at The London include cognac and butter. longer had chocolate-truffle pen- The London NYC hotel,151 W. 54th guins nibbling at its sauce.Just three St. (between Sixth and Seventh av- Enzo’s of Arthur Avenue tiny goldfish-shaped cookies. enues), Manhattan. (212) 468-8888. 2339 Arthur Ave. (between Cres-

buck ennis The deep duplex space—in Cool elegance and meticulously pre- cent and 186th streets), the Bronx. MOUNTAINS OF FISH: Fresh seafood flown in from the region fills platters with menu names like which Mr.Chodorow has tried oth- pared and served modern French (718) 733-4455. In this delightful Rainier. The space has housed several other of Mr. Chodorow’s eateries. er concepts, including Tuscan Steak food are the hallmarks of the first addition to the culinary mix in the and English is Italian—shows artful American outpost of the noted Italian enclave, Enzo DiRende ups design. Jeffrey Beers International Scottish chef. the ante on the delicious food he serves at the Morris Park location. Amalia ½ 204 W. 55th St. (between Broadway Hawaiian Tropic Zone Wild Salmon and Seventh Avenue), Manhattan. 729 Seventh Ave. (at West 49th (212) 245-1234. Stunning multilevel Street), Manhattan. (212) 626-7312. setting for chef Ivy Stark’s Mediter- This $11 million tropical setting is ranean rim-American cuisine. the backdrop for star chef David does flip-flop Burke’s imaginative food served by Dennis Foy ½ female “table concierges”decked out Chodorow’s shrine farm. Prepared in the diner’s prefer- 313 Church St. (between Lispenard in Nicole Miller beachwear. ence among five choices, with eight and Walker streets), Manhattan. to Pacific Northwest sauce options, the dishes were out- (212) 625-1007. A culinary trailblaz- standing examples of freshness of WILD SALMON er returns to Manhattan with an art- has split personality; components as well as honest, sim- 622 Third Ave. ple cooking methods. In a word, (between 40th and 41st streets) (212) 404-1700 one not very nice splendid. Also delicious were land-based ½ ust when i got really excit- dishes,like balsamic-glazed Oregon ed about Wild Salmon, I dis- quail served with a tiny salad of CUISINE Pacific Northwest covered there are two of golden beets and crumbled goat brasserie them. cheese. WINES 170 choices, 18 by the My first pass at Jeffrey My wife, a quail fancier who ac- glass Chodorow’s ode to the food tually wrote a cookbook devoted to J DRESS No code DENNIS FOY returns to Manhattan. and drink of the Pacific game, proclaimed them the best Northwest revealed a model of sat- ever. NOISE LEVEL Moderate isfying dining, though it had begun Chef Charles Ramseyer, a long- PRICE RANGE $23-$85 ful, sophisticated contemporary with some telephone tension. time salmon savant from Ray’s American restaurant, tablecloths, I was cut off while making a Boathouse in Seattle, knows his WINE MARKUP 115%-215% fine service and all. reservation, and when I re-estab- stuff. He fields sumptuous seafood CREDIT CARDS All major lished contact,being able to confirm platters with mountainous names Mai House ½ the date and time was something like Rainier and St. Helens. His RESERVATIONS Suggested 186 Franklin St. (between Hudson that seemed to elude the young sides, including superb hash browns HOURS Dinner, Mon.-Wed., 5:30- and Greenwich streets), Manhat- woman on the other end. She pleas- with pepper bacon and Samish Bay 10 p.m., Thurs.,-Sat., 5-11 p.m., tan. (212) 431-0606. Drew Niepor- antly promised to make up for the Gouda, are among the most appeal- Sun., 5-8 p.m.; Lunch, Mon.-Fri., ent teams with chef Michael Huynh confusion with a “good table.” ing in town. 11:30 a.m.-2 p.m.; Brunch, Sun., to deliver exciting modern Vietnam- As it happened, that table was Desserts ($9) combine the re- 11:30 a.m.-5:30 p.m. ese food in a lively ethnic setting. produced. Our quartet was assigned gion’s finest fresh fruit and straight- = Outstanding to Greg, a waiter at the top of his forward treatments with a touch of Blaue Gans form who regaled us, intelligently whimsy,like berry ice cream encased = Excellent 139 Duane St. (between Church = Very good and helpfully, with the glories of in a meringue “igloo” set on a cook- = Good Street and West Broadway), Man- Copper River salmon and a host of ie base, or apple cake with cheddar hattan. (212) 571-8880. Kurt Guten- other fish that also had never seen a ice cream. brunner’s casual Austro-German

July 16, 2007 | Crain’s New York Business | 35 Project2 7/11/07 2:26 PM Page 1

A second is a terrible thing to waste.

Get on the nation’s fastest and largest push-to-talk network for instant connections. That’s getting it done at SprintSpeed.™

The rugged Motorola® Buzz™ ic502 Limited time only for your business account.

Phone offer requires activation on a new line of service and a two-year subscriber agreement.

Free Incoming Plans All incoming calls are free—from anyone, from anywhere. Unlimited nationwide walkie-talkie, starting at $49.99 a month. Offer requires a two-year subscriber agreement. Other monthly charges apply. See below. 1-800-SPRINT-1 sprint.com/nextel

HUNTINGTON STATION NEW JERSEY NORTH BRUNSWICK BROOKLYN MILLER PLACE STATEN ISLAND EAST BRUNSWICK 326 Walt Whitman Road BRIDGEWATER North Village GL Wireless Wireless Max Cell Place Inc. Solutions Center 631-424-0346 Bridgewater Commons Mall 732-843-6271 4805 8th Ave 385 Route 25A 2200 Richmond Ave 6 Edgeboro Rd MANHATTAN PISCATAWAY CARLE PLACE MONTROSE STONY BROOK 908-722-3403 JERSEY CITY 488 Seventh Ave. EAST HANOVER 1344 Centennial Ave Extreme Wireless Inc CPR Telecommunications S & B Wireless Exclusive PCS 33 Old Country Rd 2153 Albany Post Rd 1320 Stony Brook Rd Hablamos Español 212-947-7797 Chadwell Plaza 732-463-6500 322 Central Ave UNION COLLEGE POINT OAKDALE SUFFERN LODI Nextel Store with Sprint products 595 5th Ave. 973-428-1241 2565 Route 22 West NEW YORK 212-755-0628 HOLMDEL Solutions Center Cellular Warehouse Performance Wireless Corp. Wireless Communcation Broker MASSAPEQUA 908-624-0780 132-09 14th Ave 1217A Montauk Hwy 4 Lafayette Ave 187 Route 46 West BROOKLYN 2130 Route 35 6100 Sunrise Highway WAYNE FISHKILL OSSINING WHITE PLAINS MORRISTOWN 147 Montague St 732-706-2810 516-797-1727 HOWELL Willowbrook Mall Seti Cellular Mid Hudson Communication The Customer Center Teletechnologies, Inc. 718-488-6700 SAYVILLE 4705 Route 9 North 973-812-8102 1076 Main Street 57 Croton Ave 300 Tarrytown Road 973-644-0082 12-02 Kings Highway 5191-3 Sunrise Highway 1616 Route 23 North HASTINGS ON HUDSON SELDEN MOUNT OLIVE 732-905-2371 NEW JERSEY 718-339-5553 631-567-1702 JERSEY CITY 973-633-2165 The Customer Center Direct Connect Wireless Advantage FOREST HILLS SCARSDALE 2831 John F Kennedy Blvd 33 Saw Mill River Rd 708A Middle Country Rd BAYONNE 50 International Dr 70-10 Austin Street MANHATTAN Scarsdale Central Shopping 201-332-3720 PREFERRED DEALERS New York Wireless Comm Infinity Comm. of Bayonne 718-459-2500 Ctr. MANALAPAN Arjay Wireless 217 Lafante Way FRESH MEADOWS NEW YORK 729 Middle Country Rd 914-722-1562 Route 9 South & Craig Rd. 680 12th Ave CLARK BRONX MEDFORD SOUTH HAMPTON 176-60 Union Turnpike WHITE PLAINS 732-683-9740 GL Wireless 718-380-9800 Fab Communications New York Wireless Comm S & B Wireless 420 Tarrytown Rd. 801 Sountry Rd 165 Westfield Ave 914-684-2055 1575 Stillwell Ave 700-10 Patchogue-Yaphank

Rates exclude taxes and Sprint Fees (including USF charge of up to 2.91% that varies quarterly, cost recovery fees up to $1.55 per line and state/local fees that vary by area). Sprint Fees are not taxes or government-required charges. The Nationwide Sprint PCS Network reaches over 262 million people. The Nextel National Network reaches over 274 million people. Coverage not available everywhere. Offers may not be available in all markets or retail locations. Terms and conditions apply. Speed claim based on walkie-talkie call set-up time. Subject to credit approval. See store or sprint.com for details. Offers expire 9/3/07 or while supplies last. Available to corporate-liable accounts (activations using a business name and tax ID) only. Up to $36 activation fee and $200 early termination fee apply per line. Nextel Walkie-Talkie: Group and International Walkie-Talkie excluded. International Walkie-Talkie service provided for calls in and between the U.S. and Canada, Mexico, Argentina, Peru and Brazil. Free Incoming Plan: Free Incoming applies to calls received in the U.S. Overage $0.45/min. Nights: 9pm –7am; Wknds.: Fri. 9pm–Mon. 7am. Partial min. charged as full min. ©2007 Sprint Nextel. All rights reserved. SPRINT, the logo, the NEXTEL name and logo, and other trademarks are trademarks of Sprint Nextel. MOTOROLA and the Stylized M Logo are registered in the U.S. Patent and Trademark Ofﬁce. All third-party product or service names are property of their respective owners. All rights reserved.