We Built It, and They're Coming

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INSIDE NEW LIST! TOP STORIES NY AREA’S LARGEST Amazon Publishing ENGINEERING catches 3rd big fish, FIRMS Deepak Chopra ® PAGE 17 NEW YORK, NEW YORK, P. 6 PRECARIOUSVOL. XXVII, NO. 45 WWW.CRAINSNEWYORK.COM PENINSULANOVEMBER 7-13, 2011 PRICE: $3.00

Five Boro Bike Tour: nies controlled by Faye Zakheim, hospital through affiliates of Bankrupt hospital’s owner of a for-profit agency called Brooklyn-based Revival Home Talk about your rescue plan involves Revival Home Health Care,pledged Health Care, is married to Steven economic cycles $27 million to bail out the Far Rock- Zakheim, a controversial health controversial player away, Queens, institution. A thou- services entrepreneur who has had PAGE 2 sand jobs were saved and a hospital run-ins with law enforcement offi- rescued—a near miracle, given the cials and regulators over the years. Queens Theatre, BY BARBARA BENSON large number of financially chal- Mr. Zakheim is considered so toxic lenged medical centers in the city. by state Department of Health of- STEVEN AND FAYE ZAKHEIM: His past the new hot spot for legal troubles led state officials to extract a Teetering on the brink of closure, But Peninsula’s resurrection has ficials, they required him to sign an promise he’d stay away from his wife’s core Broadway tryouts Peninsula Hospital Center won a re- come at a price. Ms. Zakheim, affidavit in June 2005 that stated he business. But he’s all over the Peninsula PAGE 3 prieve in September when compa- whose company now operates the See PRECARIOUS on Page 24 Hospital deal her company is steering. War vets returning to a battle for jobs PAGE 3 BUSINESS LIVES

IN THE BLACK: GOTHAM GIGS Alain Kaloyeros’ vision Princess for a day P. 25 and a decade of taxpayer money are ● ANNE FISHER Want finally paying off. healthier employees? Offer prizes P. 25 ● MOVERS & SHAKERS Barclays Center architect designs more growth for his firm P. 26 SOLVING THE UPSTATE JOBS RIDDLE: PART II ● GAEL GREENE Taste of Prague at Hospoda P. 27 We built it, INDEX

THE INSIDER ______and they’re coming 8 molly cagwin molly

NEIGHBORHOOD JOURNAL ______9

VIEWPOINT ______10 Layoffs in the early 1990s Albany is the new BY JEREMY SMERD changed all that. IBM’s vulnerabil- OPINION ______11 REVIVING UPSTATE REAL ESTATE DEALS ity startled employees and signaled ______14 Austin. Really. How on the SMALL BUSINESS REPORT Warren Montgomery joined IBM a crisis in the state’s high-tech econ- ______15 a $1 billion SUNY out of college 30 years ago, expect- nanotech and casino industries omy. Mr. Montgomery jumped CLASSIFIEDS ______18 complex lured high- ing the lifelong employment and complete a two-part series on ship, embarking on a nearly two- EXECUTIVE MOVES ______25 blue-chip perks that others in his upstate job creation. Part I decade odyssey that has mirrored THE WEEK AHEAD looked at how natural gas ______27 tech jobs upstate Hudson Valley family had enjoyed: the volatile growth of global com- weekends at the company’s country exploration could help reverse a puting and New York’s struggle to club, car loans made easy,and those decades-long decline. Upstate reclaim its perch in the nation’s silver spoons. New Yorkers today earn nearly high-tech economy. “When your kid was born, you’d 10% less than the average As jobs and skilled workers left get a silver spoon,” he said. “It was American. Crain’s examines the state,so did Mr.Montgomery— as if the kid was born with a silver different options to move the for Europe, then for Silicon Valley spoon in his mouth because he was employment needle. and, as chip manufacturing moved born to an IBMer. Why would you north, to Oregon’s Silicon Forest. want to go anywhere else?” See HIGH-TECH on Page 12 NEWSPAPER 20111107-NEWS--0002,0003-NAT-CCI-CN_-- 11/4/2011 9:21 PM Page 1

IN BRIEF Bike New York sets new course EMPIRE BLUE CROSS BLUE SHIELD IS CUTTING THE NUMBER OF HEALTH INSURANCE plans it offers small companies to six from 13 as of April 1. It has also requested premium rate for its annual five-borough tour increases from New York state regulators that, if approved, could mean hikes in the remaining plans that range from zero to as high as 29%. Tiny nonprofit hopes ROLLING: The last Five Boro The insurer said years of successive losses in its Bike Tour sold out in 24 hours. small-group-coverage business plus continuing to turn nation’s largest increases in medical costs had forced its hand. However, Empire stresses that it has “no cycling event into the intentions to withdraw from the New York next NYC Marathon small group market.” Aside from shrinking its product offerings, Empire is slashing its financial incentives for brokers who sell its BY LISA FICKENSCHER products. The TD Bank Five Boro Bike Tour, the THE NEW TAVERN ON THE GREEN WILL BE A largest bicycling event in the country, has CASUAL RESTAURANT WITH AN OUTDOOR become so popular that for the first time in café and bar—and anyone interested in running its 34-year history,riders will have to enter it will get a chance to make a bid next month. a lottery to participate in next year’s tour. According to a Parks Department memo That isn’t the only change cyclists can obtained by Crain’s, the city “intends to issue a expect. significant request for proposal” to operate the Bike New York,which produces the an- restaurant as a casual eatery.The RFP will be nual tour, has been studying the ING New issued in December.The memo was sent to the York City Marathon’s model, picking up a five community boards that border Central few other ideas that will attract more out- Park as well as to Manhattan Borough of-town participants and make the event President Scott Stringer. Parks officials will be more impactful.To that end,the organiza- seeking public comments on the plans. Ⅲ tion is producing its first ever bike expo and even developing a bike tour on the tunity to broaden our horizons and to ways, setting us up for 2012.” Caribbean island of Jamaica. A tiny get our brand out there,” said board The new lottery system to enter the BY THE NUMBERS nonprofit with 12 staffers, Bike member Cyndi Steiner. event will be promoted locally, nationally New York is riding the wave of en- Mr. Podziba has made big strides and abroad with the help of the city’s

Weekly shift of the city’s economy thusiasm for the sport—in part in that direction. Since he arrived, he tourism bureau, NYC & Company, and buck ennis PASS THE DRAMAMINE Wild swings in stock sparked by the city,which has added has added nine sponsors, including the tour’s title sponsor,TD Bank.The idea prices, a huge Wall Street bankruptcy and more than 250 miles of bike lanes Zipcar, Eastern Mountain Sports is to attract more foreigners who will stay turmoil in Europe took their toll on everybody’s since 2006 and is set to launch a and Energy Kitchen,for a total of in hotels and spend money here. confidence—and stomach. 10,000-bike share program 11. He changed the organiza- “We want to have a larger economic im- next summer. tion’s nonprofit status to pact on the city,” said Mr. Podziba, adding 5M 72 8 501(c)3 to allow it to raise that any locals who are shut out will be New leader funds, and has more than guaranteed a spot in the following year’s HOURS DAYS that MF GLOBAL’S The big push started doubled Bike New York’s tour if they serve as a volunteer during the of mobile phone Kim Kardashian RANK ‘We want to game Angry Birds and Kris among two years ago when Bike annual budget to $4.7 mil- event. played each day Humphries were largest-ever New York tapped Bloom- have more lion. Last year, he intro- worldwide married U.S. berg administration offi- duced a charity fundrais- Political connections Source: Rovio bankruptcies cial Kenneth Podziba to be economic ing component as well, In his role as sports commissioner, Mr. chief executive of the or- impact’ which raised more than $1 Podziba worked closely with New York THE BIG GET BIGGER In the past three years, the two ganization after longtime million. Road Runners, which produces the ING largest chains in the New York City have gotten larger still, executive director Pam Kenneth Podziba With greater visibility, marathon, to help increase the race’s eco- despite the soft economy. Tice stepped down. Mr. Bike New York CEO the bike tour sold out with- nomic potential. He’d like to do the same Number of locations Podziba had been the city’s in 24 hours last year, versus for Bike New York, in part to further the sports commissioner for 12 the usual one month. De- group’s core mission of teaching the public years and before that mand was so high that how to ride the city streets safely.“We want deputy commissioner of Bike New York’s system to grow our revenues so we can provide the city’s Taxi & Limousine Commission. crashed. “Now I can laugh about it,” said more bike education,” said Bike New York “We saw Pam’s retirement as an oppor- Mr. Podziba. “But it helped us in some See NEW COURSE on Page 22

Capturing the Street on the big screen Source: Center for an Urban Future

ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY Margin Call joins a long list of distinguished winners

CORRECTIONS BY AARON ELSTEIN The city hotel tax surcharge that took effect in March 2009 has raised $157 million. The amount was misstated in the Oct. 31 MARGIN CALL is not just the definitive drama about the 2008 crisis, but in the words of The New “Insider” column. Yorker, “easily the best Wall Street movie ever made.” Harry F. Blair and Sean Kearns, who were named to the leasing One big reason the movie expertly captures how investment bankers and traders look, sound team at 250 W. 57th St. by W&H Properties, are a senior director and see the world is that its writer and director, J.C. Chandor, is a son of Wall Street. As a youth and a director, respectively, at Cushman & Wakefield. Details on their company affiliation were misstated in a Oct. 31 “Executive growing up in Basking Ridge, N.J., Mr. Chandor hung out on Merrill Lynch’s trading floor in lower Moves” item because incorrect information was provided. Manhattan while his father, an investment banker, worked the phones making deals. New York City has several hotels, besides The Bowery House, “I grew up in a bankers’ community,” Mr. Chandor said. “Each of the characters in the movie I with rooms for less than $100 a night. That fact was misstated in felt I knew in some way.” Wall Street a quote that appeared in the Oct. 24 “Executive Inbox.” The movie’s budget was just $3.4 million, or the equivalent of about two months’ worth of pay THE 1987 CLASSIC that introduced vol. xxvii, no. 45, november 7, 2011—Crain’s New York Business (issn for JPMorgan Chase CEO Jamie Dimon. It was mostly shot in New York—specifically, on the 47th Gordon Gekko to the world is a favorite 8756-789x) is published weekly, except for double issues the weeks of floor of 1 Penn Plaza, where a hedge fund had its offices before going bust. of many bankers. “I love that one,” Mr. July Fourth, Labor Day and Christmas, by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid at Mr. Chandor not only relied on personal memories to capture the spirit of Wall Street, but also Chandor said. “It was what my dad did. New York, N.Y., and additional mailing offices. Postmaster: Send watched a lot of taped interviews with brokerage firm chiefs so he could make the CEO in his film, It’s great theater.” address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber serv- masterfully played by Jeremy Irons, sound right. “My hope was to give an accurate view into a BEST LINE Michael Douglas’ ice: Call (877) 824-9379. Fax (313) 446-6777.$3.00 a copy, $99.95 one world that most people caricature but don’t really understand,” he said. immortal: “Greed, for lack of a better year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2011 by Crain Communications Inc. And of course, he watched movies about Wall Street and the business world. Here are some word, is good. Greed is right. Greed All rights reserved. of the best ones that influenced Mr. Chandor’s work. works. ...”

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MAKING A SCENE: New Executive Director Ray Cullom is building up Queens Unarmed Theatre’s offerings, and its stature as well. for job search Returning veterans face long odds in finding employment

BY REBECCA OLLES

When Sgt. Newman Fortunato checked out of the Army and re-en- tered civilian life in 2009, he began by going back to school on the GI Bill. After nearly five years in the service, including 16 months in Afghanistan, he was determined to get off to a good start. But his dis- ability benefits for post-traumatic stress disorder and scholarship money did not leave him enough to support his family, and he began to look for work. After 18 months of fruitless efforts, on the recommendation of his PTSD counselor he turned to Fed- cap, which provides training and employment services to veterans, the handicapped and others.In Feb-

buck ennis ruary,the nonprofit group hired Mr. Fortunato to work in its Brooklyn warehouse. “I thought I was going to find a job in a month or two,” he said. “I High drama off B’way was a supplies sergeant, but I also did armory work,hazmat,mail work and combat training. If you write a show to a regional theater in Chica- right now, and the Queens audi- old nonprofit theater, located in résumé, it’s hard to translate the Queens Theatre go or Los Angeles, he chose an un- ence is very reflective of the larger Flushing Meadows Corona Park. things you learn in the Army to the reaches for stardom likely tryout locale: Queens. New York City audience this show If the show does well on Broad- civilian world.” Mr. Nederlander teamed up hopes to attract when it eventually way, it could become a cash cow for as stop on road with the Queens Theatre, formerly moves to Broadway.” the theater. The project also repre- Higher and higher to Great White Way known as Queens Theatre in the The borough certainly isn’t sents a big piece of the theater’s Actually, Mr. Fortunato is one of Park, for the five-week run. Chix 6 known for theater, but that may be strategy to reinvent itself. the lucky ones. By year’s end, 40,000 is expected to open on Broadway about to change. “My goal is to turn this place U.S. soldiers are scheduled to leave BY MIRIAM KREININ SOUCCAR next spring. Under the direction of new Ex- into an in-town, out-of-town try- Iraq, with many of them eventually “Queens made a great deal of ecutive Director Ray Cullom, the out place,” said Mr. Cullom, 45. hitting the job market.Unfortunate- This fall, theater mogul Bob Ned- sense for the show,” said Mr. Ned- Queens Theatre is rapidly growing The industry veteran started his ly, they face long odds. The national erlander Jr. produced a pre-Broad- erlander, chief executive of Neder- in size and stature. The production job in April after a two-year stint unemployment rate now stands at a way run of a new indie rock musi- lander Worldwide Entertainment. of Chix 6 was the longest and best- running the Long Wharf Theatre daunting 9.0%. The jobless rate cal,Chix 6.But instead of taking the “It is really a hotbed of creativity grossing run ever for the 21-year- See QUEENS THEATRE on Page 23 among veterans nationally is 2.5 per- centage points higher, and in New York state it is 6.2 points higher. Veterans’ advocates insist that more needs to be done to transition service members back into civilian life. Many say that effort should start with helping vets translate the skills gained in the military to terms that civilian employers can understand. Even the most junior in- fantryman has valuable skills, rang- ing from the ability to cope with stress to the ability to work in a large organization. “Many military members don’t do a good job of explaining what they did,”said Lisa Rosser,an Army vet and author of The Value of a Vet- Working Girl Barbarians at the Gate Glengarry Glen Ross Boiler Room eran. On the other hand, she notes, employers need to be more open to THIS 1988 MOVIE stands the test of IN 1993, HBO presented this film THIS 1992 MOVIE, written by playwright A 2000 MOVIE about brokers at a the idea that hiring veterans pays te time. It stars Melanie Griffith as a based on what’s still the best book on David Mamet, casts the business dodgy firm called J.P. Marlin who push tremendous benefits. r. secretary who makes it big on Wall Wall Street. It stars James Garner as world in a cold, pitiless light. penny stocks on gullible investors. If nothing else, with two wars d. Street. the RJR Nabisco CEO who arranges BEST LINE Alec Baldwin, giving a BEST LINE Ben Affleck: “We want now winding down,the issue of jobs BEST LINE Boyfriend Alec Baldwin, the largest leveraged buyout ever. pep talk: “As you all know, first prize is winners here, not pikers. A piker walks for vets seems to be getting more at- caught cheating: “This is not what it BEST LINE Mr. Garner, upon a Cadillac Eldorado. Anyone want to at the bell. A piker asks how much tention. At a conference last month looks like. I mean, it is what it looks hearing that a new cigarette is a dud: see second prize? Second prize is a vacation time you get. ... Vacation time? in lower Manhattan,representatives like, but I can explain. Well, not “We’ve spent $350 million and we’ve set of steak knives. Third prize is you’re People come and work at this firm for from companies including Walmart exactly explain. ...” come up with a turd with a tip?” fired. ...” one reason: to become filthy rich.” and Citigroup compared notes on See VETS on Page 22

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Time Warner seeking new digs IN THE MARKETS Border war among ranks 34th on Crain’s list of top em- industry source said,including mov- ployers in the city, with 6,686 em- ing to New Jersey or Connecticut. Empire, Garden and ployees as of 2010. Most of the en- A spokeswoman for the New Jer- by Aaron Elstein tities ahead of it are in the public sey Economic Development Au- Constitution states? sector or depend on public funding. thority declined to comment on any “We take the loss of every employ- talks with Time Warner.New Jersey BY DANIEL MASSEY er seriously,and we’re engaged in dis- has used subsidies aggressively of cussions,” said a spokesman for the late to retain and attract businesses, A tiny shop’s surprisingly big impact Looking to consolidate its 4 million city’s Economic Development Corp. approving some $1.2 billion in in- square feet of city office space and “In the long term, we are confident centives in the past two years, ac- ast Thursday, the stock price trade down from some of Manhat- that our strategy—to invest taxpayer cording to New Jersey Policy Per- of investment bank Jefferies tan’s flashiest addresses,Time War- money to keep the city a place busi- spective, a watchdog organization. Group sank by 20% minutes ner Inc. has reached out to New nesses want to be, rather than com- Officials from Connecticut’s De- L after the opening bell, forcing the York, New Jersey and Connecticut peting with other cities’ offers of in- partment of Economic and Com- officials to see what incentives it centives—will generate the greatest munity Development did not re- New York Stock Exchange to halt could get for moving, according to return for New York’s taxpayers.” spond to calls seeking comment. trading so everyone could catch their industry and political sources. But the Bloomberg administra- New York City and New Jersey breath. It didn’t take long to figure The subsidy hunt is in its earliest tion does offer incen- earlier this year en- stages, and it’s unclear whether an tives. In recent years, gaged in a tug-of-war out why the stock was free-falling: all-out border war will break out. its deals have focused Neighbors for another media The night before, a little-known But the Empire, Garden and Con- on adding jobs, not power, the British research firm called Egan-Jones

could lure bloomberg news stitution states are all in play for a just retaining them, company Pearson Ratings Co. had issued a report to its company that is “definitely open to so Time Warner PLC. The city will see listening to see what might be avail- might have to agree media giant 628 new jobs in ex- clients raising questions about Jefferies’ exposure to European able,” an industry source said. to expand head count change for $50 million debt—the same stuff that sank MF Global only days before. Time Warner Chief Executive in the city to receive in incentives, while a Jefferies stopped the bleeding by releasing more information The New York Jeffrey Bewkes told tax breaks. $66 million package about its European positions. But the steep drop and Jefferies’ Times last week that the company, This isn’t the com- from New Jersey kept which is among the city’s largest pri- pany’s first foray into 1,300 of the company’s frantic reaction raised the question, who is Egan-Jones? vate-sector employers, is studying the world of subsidies. In 2001, it jobs in the Garden State. how to reduce its square footage and was authorized to get up to $10 mil- Bettina Damiani, project direc- In fact, it’s a tiny ratings agency cluding a $75,000 bachelor party in save up to $150 million. lion in sales tax and energy incentives tor of subsidy watchdog Good Jobs (all of 15 employees) that competes Miami that featured a dwarf-toss- A company spokesman said as part of a deal to keep HBO Stu- New York, said the city should not against giants Moody’s and Standard & ing contest. With $45 billion in as- Time Warner had “just begun this dio Productions in the city and get into a subsidy war. “Maybe New Poor’s. But while Moody’s and S&P sets, today’s Jefferies is neither a process of looking at our real estate maintain a base of 1,400 employees Jersey or Connecticut will throw all are paid by the companies whose banking giant nor a boutique, and footprint and what possibilities we in that unit (it now has 1,747). the subsidy in the world at them, but bonds they rate, incentivizing ana- after the bankruptcy of MF Global, have for the future,” and that it was Through 2010, the company had Time Warner is a successful business lysts not to come down too hard on which had $41 billion in assets, it is too early to comment on subsidies. used $1.5 million in sales tax incen- and they’re not going to move unless paying clients, Egan-Jones analysts an increasingly rare sort of bird on City officials, however, have be- tives and $1.9 million in energy in- it’s good business for them,”she said. are paid only by institutional in- Wall Street. gun talking with company execu- centives, according to city records. “I’m going to venture a guess that vestors who seek their research, free- Here’s what caught the attention tives to ensure that Time Warner But “everything is on the table”as New York City has been a great place ing them to call things as they see of Mr. Egan: Jefferies’ gross expo- does not skip town. The company the company studies its options, the for them to do business.” Ⅲ them. Subscription fees run up to sure to the bonds of Italy, Spain and $100,000 per year. other troubled European nations is The firm’s analysis on Jefferies $2.7 billion, or 77% of its capital. Its triggered such a strong reaction total assets are 13 times larger than among pro investors because Egan- its capital cushion. That’s nowhere Jones has a remarkable record of see- near MF Global’s leverage of 40 ing problems long before anyone times capital, but Mr. Egan would else does. A decade ago, it forecast prefer that it fall to less than 10 times danger at WorldCom shortly before capital. the telecommunications giant filed Jefferies tried to defuse Mr. for bankruptcy. Other companies Egan’s analysis by pointing out that that ran into trouble after Egan- it has short positions to offset its Jones sounded the alarm include bullish bets on European sovereign American International Group, Country- debt and that its total net exposure wide, General Motors, Lehman Brothers, is only 1% of its capital. That didn’t MBIA and MF Global.Need more? The satisfy Mr. Egan. Short positions, firm also downgraded the U.S. gov- after all,are only good if the party on ernment’s credit rating this summer the other side of the trade—for ex- weeks before S&P did. ample,a European bank—can make It’s no wonder that co-founder good on its obligations. Jefferies’ re- Sean Egan (pictured), a former com- sponse to Mr. Egan’s report also of- mercial and investment banker, led a fered this intriguing tidbit of infor- 2008 Fortune magazine list of “eight mation: Its bearish bets turn over who saw the crisis coming.”That list approximately three to four times included economist Nouriel Roubi- per week. ni, renowned banking analyst Mike There are two ways to think about Mayo and hedge fund manager this. The optimists would point out David Einhorn. In short, when Mr. that Jefferies’ inventory of short po- Egan talks, people listen. sitions is turning over quickly,lower- Some background for those not ing its chances of getting stuck with familiar with Jefferies Group: It was an awful trade. Alternatively, Jef- the largest publicly traded invest- feries’ trading partners get a chance ment bank that didn’t need a feder- to revamp terms constantly, perhaps al bailout in 2008. Probably the to the firm’s disadvantage, or exit most notorious episode in its histo- trades altogether. That scenario ry came in 2006, when the firm was could leave Jefferies scrambling for fined $10 million by regulators for ways to offset its long European debt excessive client entertainment, in- positions. Ⅲ

JON CORZINE’S TOTAL COMPENSATION at MF Global for the fiscal year ended last March 31. $14.2MOver his 20-month tenure, which ended last Fri- day, the brokerage firm generated more than $250 million in losses.

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DIRECTOR OF COMMUNITY REINVESTMENT UNIT The Department of Financial Services is looking for a highly experienced professional with expertise on the Community Reinvestment Act (CRA) to serve as the Director of the Community Reinvestment Unit in our Financial Frauds and Consumer Protection Division. NEW YORK,NEW YORK We seek an individual with significant and relevant hands-on CRA bank, community group and regulatory experience to manage bank examiners Valerie Block and CRA analysts in evaluating the CRA performance of all New York edited by State chartered banking institutions. This individual will construct and implement CRA policies and guidelines, direct and train bank examiners and CRA analysts, and assist in the Department’s community development activities related to state-chartered banks and CRA performance.

Candidates must have a thorough understanding and knowledge of the CRA, the impact of the CRA on low- and moderate-income communities MSG Network and the ability to implement policy recommendations. Strong com- munication, analytical, and organization/ management skills are essential. misses the basket Computer skills preferred. Must have knowledge of Federal and State banking laws and regulations as they relate to the CRA and be able to he NBA lockout, which has led to the demonstrate the ability to understand complex and sensitive community cancellation of all November games, may soon reinvestment issues. T take a toll on Madison Square Garden Co. and MINIMUM REQUIREMENTS. Bachelor’s degree and eight years of profes- its MSG Network.The company had been scoring points sionally responsible professional experience involving major supervisory, administrative or program planning functions, three of which must involve since it added Carmelo Anthony (below) and Amar’e Stoudemire experience on CRA matters obtained via regulatory oversight, private (right) to the New York Knicks’ payroll, but the fight between industry and/or public interest advocacy. the league and the players could scuttle that. ¶ Initially, analysts Master’s degree in Public Administration, Urban Planning or business thought the cable network would be spared significant damage related field may be substituted for one year of the required experience. since it could shift advertisers from canceled Knicks games to Interested candidates should send their resume to: Devils and Rangers games. But with the situation dragging on, Caroline Westbrook, Human Resources MSG may have to return a portion of the subscriber fees it One State Street - 2nd Floor, New York, New York 10004-1417 collects every month to Time Warner Cable, Cablevision and You may also submit your resume by: newscom [email protected] or by fax- (212) 709-5450 other operators. ¶ Every network has different deals with its cable or satellite distributors, noted a cable television executive, but “if MSG starts rebating, you’re talking about millions of [dollars].” ¶ Almost 8 million customers pay MSG an average of $2.48 in subscriber fees every month through cable or satellite bills, according to research firm SNL Kagan. CALL FOR That adds up to about $232 million annually. Ad revenues are expected to total only $64 million this year. ¶ Still, the people who suffer most are likely to be the Garden’s part-time employees, “who count NOMINATIONS on those game-to-game revenues,” said Patrick Rishe, director of consulting firm Sports Impacts. ¶ So far, Madison Square Garden’s stock price has risen above the fray: Last week, it was 30% higher than where it was 12 months earlier. A company spokesman declined to comment. —matthew flamm for around $800,000 and in basement to be pulverized. Amazon gets August picked up the next book The machines are currently third big book by self-help author Tim Ferriss, who found at the brasserie’s Flatiron also came from Crown. location. Restaurant owner Philip Amazon Publishing, the A Crown spokesman declined Lajaunie said he plans to install Manhattan-based imprint of the to comment on “that rumor” about them in his financial district spot Seattle e-tailing giant, has acquired the Amazon deal, but said that as well.The restaurant is following the next book by best-selling Mr. Chopra has six books under InterContinental New York author Deepak Chopra, according to contract and “has always had Barclay’s lead.The hotel has been two publishing executives.The multiple publishing partners.” using the composter since NOMINATE A CRAIN’S 40 deal marks the imprint’s third foray Amazon did not respond to an September. Do you know someone who is young, driven and making their into territory once reserved for email request for comment. Aside from recycling the mark in business in New York? Crain’s is now taking traditional houses since industry —matthew flamm restaurant’s cooking oil, the veteran Larry Kirshbaum was named machines are the boldest eco- nominations for our annual 40 Under 40 issue where our publisher last May. friendly initiative Les Halles has editors select and profile 40 rising stars from New York across Mr. Chopra, a physician and Restaurant made. “There would be far fewer a multitude of industries. Nominate your star today by logging Oprah Winfrey favorite, has had a tops in topsoil garbage trucks on the street if on to www.crainsnewyork.com/nominate. longstanding relationship with every restaurant did this,” Mr. Crown Publishing.The Random Brasserie Les Halles is mak- Lajaunie said. House division even launched ing more than steak frites in —lisa fickenscher Nominees must be under the age of 40 on the publication Deepak Chopra Books last spring, its kitchen these days. Last date, March 26, 2012. Nominations close December 2, 2011. and will publish titles selected by week, the brasserie became him starting in 2013. the first eatery in the city to HOLIDAY HUSTLE The new book lease Global Enviro In- has been ternational’s high-tech THESE DAYS ARE FORECAST described as composting machine, to attract the biggest crowds. NOMINATE NOW AT a memoir which converts food Smart shoppers might want to about Mr. waste into topsoil. sit them out. www.crainsnewyork.com/nominate Chopra and Les Halles, made FRIDAY, NOV. 25 his younger famous by celebrity brother, Sanjiv chef Anthony Bourdain, SATURDAY, DEC. 17 Chopra, who is also got a glass-crushing FRIDAY, DEC. 23 also a physician. machine from the Norwegian firm MONDAY, DEC. 26 The author’s advance could not be to further diminish waste. Now, THURSDAY, DEC. 22 learned. Last month, Amazon when bartenders empty wine Publishing bought a memoir by bottles, they drop them into a Ranked by sales. Source: ShopperTrak Hollywood director Penny Marshall tube, and off they go to the

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$180 million by Las Vegas. The member said every dollar New York spends on tourism ads MILLIONAIRE’S TAX Dems’ dilemma THE INSIDER generates $6 in state taxes and $5 in NEW YORK VOTERS SUPPORT a millionaire’s tax by a ratio of 2 to 1, with even a local taxes, but “that message has majority of Republicans and Independents in favor of it. And Assembly never reached the Legislature.” Speaker Sheldon Silver is touting one that would raise $4 billion in 2012, by Jeremy Smerd and Shane Dixon Kavanaugh Last week, as Assembly more than enough to avert the budget cuts that will otherwise be needed to members held a hearing in close a projected $2.4 billion deficit in the spring. Manhattan to examine tourism’s With the personal income tax surcharge on high earners almost certain to impact on the state’s economy, the expire next month, the issue would be a logical focus of state Senate council’s report remained Democrats’ bid to recapture their chamber from Republicans in 2012. confidential at the governor’s office. But it won’t be, according to Democratic insiders. The council itself doesn’t even have “There’s no question that we’re going to be arguing [that] Republicans are a website. for the privileged and the powerful and that we’re fighting for everyday New Yorkers,” said an operative with close ties to Senate Democrats. “But I don’t think the millionaire’s tax is a silver bullet that people are Tech hopefuls going to win or lose elections on.” face long odds An unwillingness to go against Gov. Andrew Cuomo (left) is one reason they won’t press the Two below-the-radar applicants in issue, insiders said. There have also been hints in the contest to build a tech campus recent weeks that the governor may be willing to re- in the city appear to be long shots. examine the question of “tax fairness.” India-based Amity University Business interests opposed to the tax are taking no

buck ennis applied for a Governors Island site with infrastructure challenges that chances. They plan to reactivate the Committee to had frightened off other Save New York, an advocacy group that spent competitors. Amity also ignored $10 million earlier this year to help Mr. Pssst. Wanna the city’s request that foreign Cuomo enact a property tax cap schools partner with domestic and close a budget gap without institutions. raising taxes. Visit New York? The New York Genome Center’s newscom proposal, made with Mount Sinai School of Medicine, Rockefeller subway’s first phase, East Side “We need to get every tool of New York State University and SUNY Stony Access (connecting the Long government off the sidelines and stablished by law in 2006, the Brook, has a different disadvantage. Island Rail Road to Grand Central take an active role in creating jobs Tourism Advisory Council has 18 members, all The RFP says proposals Terminal) and the No. 7 subway for every rung of the economic appointed by the governor, including eight emphasizing biotechnology will be extension to the West Side—could ladder,” he said at a law firm’s recommended by the Legislature. Its mission: given “a lower priority.” be many years away. breakfast forum that included The Bloomberg administration Manhattan Borough President promote tourism to boost the economy. is exploring an idea to extend the No. Scott Stringer and former city This summer, according to one council member, the little- Transit pipeline 7 farther, across the Hudson River Comptroller and mayoral candidate E William Thompson known group produced a report calling for the state to running dry to Secaucus, but not everyone is a . “I’m not sure increase tourism marketing to $30 million a year—more believer. that’s something City Hall The next big mass-transit project “That’s never going anywhere,” understands.” than 10 times what it spends now, but still far less than the after the three that are winding one transportation industry Mr. de Blasio blasted the approximately $50 million spent by California and down—the Second Avenue executive predicted. “It’s a nice Bloomberg administration for thought, [but] if you look at the awarding billions in contracts each costs, it’s pie in the sky.” year to businesses outside New A more immediate possibility is York, and for rejecting a company Moynihan Station, a rail project that proposed to assemble taxis in that the Cuomo administration is Brooklyn. He also argued that New looking to build just west of Penn York should invest more than the Station. current 1% of its $110 billion in The Perfect pension funds in city infrastructure projects. Quinn goes back A spokesman for the mayor to Brooklyn sniped, “Does anyone think a career Holiday Gift! politician like Bill de Blasio knows Christine Quinn returned last week to more about job creation than Mike Park Slope’s annual Halloween Bloomberg?” parade.The City Council speaker Customize Deluxe Edition Zagat guides with went as a 2013 mayoral candidate. your company’s name and logo and receive The Manhattan-based speaker A more visible FREE SHIPPING last attended the parade in 2007 and MTA chief 2008, when she was considering a 2009 mayoral run. She skipped the In his interviews for the To order, call 800-540-9609 or visit us at 2009 and 2010 parades after Metropolitan Transportation www.zagat.com/solutions extending term limits and putting Authority CEO job, Joseph Lhota her mayoral bid on hold. pledged to be a visible leader, according to a search committee member. De Blasio’s “Lhota made a jobs plan compelling case that he would be a more public Last week, Public figure [than his Advocate Bill de Blasio predecessors], and that he (right) offered a glimpse was going to sell [the MTA] of what his economic to the public, not just show platform might include up at an occasional hearing if he runs for mayor in in Albany,” said Bob Yaro, 2013. He said the city president of the Regional must use its pension funds, Plan Association. procurement efforts and contracts Ultimately, Gov. Andrew Cuomo to favor local workers and will tell Mr. Lhota how outspoken Ⅲ Receive FREE SHIPPING through 12/15/11. Mention CNY-11. Promotion applies to Deluxe Edition businesses. to be in the city and Albany. guides purchased at full rate card price and shipped via ground service within the 48 contiguous United States, excluding tax. Cannot be combined with any other offers. For daily political and government news, subscribe to CRAIN’S INSIDER @ www.crainsnewyork.com/insider

8 | Crain’s New York Business | November 7, 2011 20111107-NEWS--0009-NAT-CCI-CN_-- 11/3/2011 8:32 PM Page 1

NEIGHBORHOOD JOURNAL From vittlesof Italy to multiethnicity

Williamsburg. They, too, have left hair and bell-bottom pants in Sat- the highest concentra- In new Bay Ridge, their imprint on the culinary land- urday Night Fever 35 years ago, but tion of Italian-Ameri- old Italian spots scape, as restaurateurs have opened the area still has plenty of pork stores cans in New York City. a locavore cupcake shop, a Hawai- and pizzerias. Ditto for Italian Still, people like make way for favored ian-style taco stand and other estab- restaurants, including Areo, So- Charles Fabbella be- fare of new residents lishments to cater to their tastes. phia’s, Zio Toto and Tuscany Grill. lieve that the changing “We’ve always been known for population means that our Italian cuisine,” said Mr. Espos- Italian enclave remains the best is yet to come BY SHANE DIXON KAVANAUGH ito. “But this place just isn’t hard- Even today, nearly 22% of area for Bay Ridge. CIAO, CHOW: The last Cangiano’s closed after a 100-year stint. core ‘guido’ anymore.” residents trace their ancestry back to “People with new, omemade mozzarel- Maybe the neighborhood has Italy, according to the latest census. better ideas keep mov- la and fresh-baked changed since John Travolta strut- While that figure is down from 32% ing into this neighborhood,”said Mr. Third Avenue office of Ben Bay Re- prosciutto bread are a ted along its streets with his coiffed in 1990, the neighborhood still has Fabbella, a real estate broker in the alty Co.“And they’re doing great.”Ⅲ bit harder to come by in Brooklyn’s Bay HRidge these days. The Cangiano’s on Third and Ovington avenues, the last of a once-thriving chain of Italian spe- cialty-food stores,closed last month after a near 100-year run. Its demise followed that of Richard & Vinnie’s Prime Meats on Third Avenue and 70 years ago, an American 87th Street, which was shuttered in July after 43 years. icon was founded in a small Some residents fear that more of the old Italian places will follow. Manhattan loft. Soon it will be “It stinks,” said Victoria Hof- mo, a Bay Ridge native. “It’s heart- the cornerstone of New York’s breaking.” next great neighborhood. While that is true, an amazing variety of ethnic restaurants and food stores is now prospering along the 25-block stretch of Third Ave- nue between 69th and 94th streets, in keeping with the southern Brooklyn neighborhood’s changing makeup. Today, Nordic Delicacies sells herring salad and kjøttkaker (Nor- wegian meatballs) a block north of the former Cangiano’s outpost. Meanwhile, a block south, a Middle Hudson Yards is happening. And when complete, 26 acres Eastern and Mediterranean spot called Aunt Halmies Halal peddles of undeveloped land between 30th and 33rd streets, from Bulgarian feta, dried apricot paste 10th to 12th avenues will be transformed. Not simply into and lahmacun, a Turkish flatbread a neighborhood where 40,000 New Yorkers work and live, topped with spices and minced but into a dynamic hub of creativity and innovation – ideal meat.Nearby on the avenue are Pol- for a leading brand like Coach. ish delis, Lebanese bakeries, Greek restaurants and a host of other eater- ies selling exotic fare. Two state-of-the-art towers anchoring a landmark commercial center. A one million square foot retail Shock, awe and knishes complex. 14 acres of public parks. A 150 room 5-star hotel, “It shocks and amazes people,” a world-class culture center, 5,000 residences and 750- said Michael Esposito,a lifelong Bay seat public school. All accessed by the new No. 7 Subway Ridger who has made two of his own contributions to the mix. He owns and the High Line. Cebu,a French bistro,on 88th Street and also recently opened Gold Watch this space to see how a great city gets even better. Coast, a nearby Jewish deli that’s styled after Katz’s in Manhattan. An area that was once predomi- nantly Scandinavian and then Ital- ian, Bay Ridge has blossomed into one of Brooklyn’s most diverse communities over the past two decades. Growing numbers of Chinese, FROM THE DEVELOPERS OF Egyptians and Russians call the neighborhood home, according to TIME WARNER CENTER the latest census figures, as do Mex- visit HudsonYardsNewYork.com icans, Lebanese and Ukrainians. It’s not uncommon to see awnings with Arabic or Cyrillic letters along Third Avenue. “I can’t go five blocks without hearing Russian or Polish being spo- tenant broker ken,”said Chuck Otey,a lawyer who has lived in Bay Ridge since 1962. It’s also increasingly easy to spot 212.984.6525 the growing numbers of upwardly VISUAL HOUSE RENDERING COURTESY OF KPF mobile families pouring into the area from Park Slope, Dumbo and

November 7, 2011 | Crain’s New York Business | 9 20111107-NEWS--0010-NAT-CCI-CN_-- 11/4/2011 3:43 PM Page 1

VIEWPOINT How to move MTA forward editor in chief Rance Crain publisher, vp Jill R. Kaplan he Metropolitan Transportation Authority the MTA doesn’t resort to running up debt. EDITORIAL editor Xana Antunes next week welcomes aboard its new chief Mr. Lhota is known for his political skills and managing editor Glenn Coleman executive and chairman, Joe Lhota. He’s in connections, but it will be hard for him to get help from the deputy managing editors Valerie Block, Erik Ipsen for a wild ride. Republican-controlled state Senate, which voted this year to assistant managing editor Erik Engquist Mr. Lhota takes over an agency with an eviscerate the payroll tax that sends the MTA $1.5 billion a senior producer, projects Kira Bindrim senior producer, news Elisabeth Butler Cordova image problem, a budget problem, a year. Assembly Democrats killed that legislation but show contributing editor political problem and a labor problem: It no sign of providing the funding increase the MTA needs to Elaine Pofeldt columnists Greg David, Michael Gross, has a reputation for overspending, its capital plan could soon maintain buses, trains and tracks. Mr. Lhota should remind Alair Townsend run out of money, it is distrusted by legislators, and its unions the Legislature that every failure of old MTA equipment not pulse editor Barbara Benson T senior reporters Theresa Agovino, are obstinate. only inconveniences thousands of riders but costs businesses Aaron Elstein, Lisa Fickenscher, Despite all that, the MTA is in better shape than most and the government money. Matthew Flamm, Miriam Kreinin Souccar reporters Amanda Fung, Shane Dixon Kavanaugh, U.S. transit systems. Midday trains in Washington, D.C., for On the labor front, Mr. Lhota must negotiate a contract Daniel Massey, Adrianne Pasquarelli, example, show up only every 20 minutes. But no American with the Transport Jeremy Smerd reporter/producer Emily Laermer city relies more on mass transit than New York, so forget the Workers Union that art director Steven Krupinski comparisons.The point to remember is that the better the The transit eliminates inane work deputy art director Carolyn McClain MTA functions,the more our regional economy flourishes. rules that prevent the staff photographer Buck Ennis agency has copy desk chief Wendy Zuckerman When the fragile, century-old system breaks down, the efficient use of copy editor Thaddeus Rutkowski a larger budget research editor Dana Gordon economic loss is incalculable. employees.The union, assistant research editor Suzanne Panara That is often forgotten because critics focus on the MTA’s than most states whose contract expires research interns Callie Eidler, Helen Kwong spending, which could reach $17 billion next year. Of course, Jan. 15, will demand editorial intern Rebecca Olles we agree that fiscal efficiency is also important—both to that all savings from EDITORIAL AND ADVERTISING OFFICES limit fare increases and to make politicians amenable to those changes be 711 Third Ave., New York, NY 10017-5806 editorial: 212.210.0277 Fax 212.210.0799 increasing transit funding. plowed into wage advertising: 212.210.0711 The MTA has a larger budget than most states and is increases. We believe they should be used for capital expenses. Cable craincom nyk Fax 212.210.0499 routinely mocked by the media, making it easy for elected Finally, Mr. Lhota might have to win over Gov. Andrew Entire contents ©copyright 2011 Crain officials to bluster about its wastefulness. But the outgoing Cuomo himself.The jury is still out on whether the governor Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP chief, Jay Walder, squeezed $4 billion out of the five-year is a friend of mass transit. He barely lifted a finger to help Inc., used under license agreement.

capital plan, slashed $525 million from annual operating Mr. Walder, who resorted to seeking a $3 billion federal loan TO SUBSCRIBE: expenses (only $93 million through service cuts) and and proposed borrowing another $4.7 billion.The governor For subscription information and delivery concerns, please e-mail [email protected] trimmed 10% from the $550 million overtime budget—a has yet to even sign the “lockbox” bill legislators passed to or call 877-824-9379 (in the U.S. and Canada) or creditworthy performance. Mr. Lhota must persuade protect MTA funds from Albany raids. Mr. Cuomo should 313-446-0450 (all other locations.) $3.00 a copy, $99.95 one year, $179.95 two years. lawmakers that the agency has become leaner, and get them sign the bill, empower Mr. Lhota and use his own political www.crainsnewyork.com to fund the next three years of the agency’s capital plan so influence to secure the money the transit system needs. ADVERTISING AND MARKETING advertising director Trish Henry senior account managers Irene Bar-Am, Courtney McCombs, Sheryl Rose, Suzanne Wilson CRAIN’S ONLINE POLL COMMENTS sales manager, classified print & online John Gallagher sales coordinator print & online HAS THE MADOFFS’ RECENT Danielle Wiener newsletter product manager PRESS PUSH MADE THEM Alexis Sinclair Let there be light credit Todd J. Masura 313.446.6097 LESS LOATHSOME? marketing manager Sabra Harrison director, audience development Date of poll: Nov. 3 ADVERTISING IS KEY IN THE BRONX could be made, that these organizations are Michael O’Connor 187 votes simply too big and should be cut down to size. event producer Courtney Williams reprint sales manager Lauren Melesio Re “In the Bronx, it’s cannoli and gorillas” —keith gardner (“Neighborhood Journal,” Oct. 31): One solu- director of online and e-commerce tion to keeping shows like the Holiday Lights strategy Kristi Serrano WHAT TO OFFER TECH-CAMPUS BIDDERS senior web developer, interactive

Yes . 23% going is to allow Arthur Avenue businesses to Chris O’Donnell advertise, either as sponsors of a specific light Re “It’s deadline day for tech-campus bids”

show or generally within the Bronx Zoo while (CrainsNewYork.com): Choosing a winner will NEW YORK PRODUCTION 77%. the show is on. While some might say that be tough, but NYU really only wants the MTA production and pre-press director advertising would be unsightly, the clear alter- building. I say give it to them for free and then Michael Corsi advertising production manager native, as we see now, is no light show at all. let them foot the rest of the bill. Columbia—I’m Suzanne Fleischman Wies —james fay not sure what they are asking, since they have No already started expanding.The city should try to PUBLISHED BY CRAIN COMMUNICATIONS INC. HOW BIG IS TOO BIG? accommodate Stanford, Cornell and Carnegie chairman Keith E. Crain Mellon (in that order).The economic benefits president Rance Crain Re “Two New York accounting firms strike would be well worth it, even if the city upped secretary Merrilee Crain treasurer Mary Kay Crain merger deal” (CrainsNewYork.com): The its help to $200 million from $100 million. executive vp, operations William Morrow statement “The top-heaviness of the industry I’d ask the schools to partner with city public senior vp, group publisher Gloria Scoby has raised questions about whether the schools that are not traditionally strong in math group vp, technology, circulation, country’s biggest accounting firms have and science to help less-advantaged kids. manufacturing Robert C. Adams become too big to fail” certainly appears to —kareem granston vice president/production & manufacturing David Kamis misunderstand the meaning of “too big to fail.” chief information officer Paul Dalpiaz Alistair Dowling, former British chancellor to its opinion founder G.D. Crain Jr. (1885-1973)

bloomberg news of the Exchequer, defined it this way: “banks so pages. Send letters to [email protected]. chairman Mrs. G.D. Crain Jr. (1911-1996) For this week’s questions: Go to important to the financial system that they Send columns of 475 words or fewer to www.crainsnewyork.com/poll to have your say. cannot be allowed to fail.” In the case of [email protected]. Please include the writer’s accounting firms, the Greenspan argument name, company, address and telephone number.

10 | Crain’s New York Business | November 7, 2011 20111107-NEWS--0011-NAT-CCI-CN_-- 11/4/2011 2:21 PM Page 1

ADVERTISEMENT OPINION DIRECTOR OF CONSUMER LENDING REGULATIONS AND COMPLIANCE The Department of Financial Services is looking for a highly experienced professional to serve as the Director of Consumer Lending Regulations and Compliance in our Financial Frauds and Consumer Protection Division.

The Director of Consumer Lending Regulations and Compliance works to ica isn’t reckless.Rather,he has been promote fair and equal access to credit and to make available meaningful saddled with trying to rescue the na- banking services to consumers on a fair and equitable basis. He/she helps tion’s second-largest bank. identify communities and individuals that are receiving disparate treatment in When competition Part of his problem is the toxic lending opportunities and/or are being victimized by unscrupulous predatory assets that Bank of America got practices. He/she will develop, implement, coordinate and monitor the stuck with when it bought Coun- Department’s fair lending and consumer compliance examinations and related trywide and Merrill Lynch. The enforcement programs. The individual provides expertise and advice to the works as it should Department of Financial Services management, develops guidelines, policy other part is that Washington has made it very difficult to make mon- and procedure for fair lending and consumer protection, and acts as the on Corzine messed up, and MF Global filed for bank- ey in consumer banking by restrict- Executive Deputy Superintendent’s advisor in all such matters ruptcy in the biggest financial failure since Lehman ing credit card interest rates and MINIMUM REQUIREMENTS. Demonstrated experience in protecting fees and limiting the amount banks Brothers.The world is still standing. consumer interests, i.e., in identifying unfair and/or discriminatory practices can charge retailers for debit card generally, or in relation to consumer lending specifically. Brian Moynihan has failed in his effort to bolster use. Bank of America’s disappearing profits by charging $5 Banks have been arguing for the Bachelor’s degree and eight years of experience in banking, finance, a month for the use of debit cards. Consumers tri- past two years that they would have regulatory or governmental agency, consulting firm, nonprofit organization, or J to find some way to make up the fair housing group. Five years of the experience must have been in assignments umphed. money they are losing on those directly related to fair lending, consumer protection and/or discrimination Amid all the shouting about the lack of a well-regu- businesses. They have warned that analysis. Two years of the experience must have been in a managerial capacity. they would be forced to raise fees, A master’s degree in business, finance, economics, banking or related area, lated financial system, the levels of those two especially on good customers who or a Juris Doctor degree may substitute for one year of the non-managerial last week showed that banks. When his bet have enjoyed essentially free check- experience. A Ph.D. may substitute for two years of the non-managerial you can be big and still didn’t pay off immedi- ing and very low costs for other experience. fail and that competi- ately, his scheme and services. tion exists even in a con- the company collapsed. Mr. Moynihan was acting on Interested candidates should send their resumes to: solidated banking in- It remains to be seen that threat. Caroline Westbrook, Human Resources dustry. whether or not Mr. Unfortunately for him, banks One State Street - 2nd Floor, New York , New York 10004-1417 In many ways, Jon Corzine condoned the can’t afford to lose these good cus- You may also submit your resume by: Corzine’s disastrous unethical and possibly tomers. So rather than follow Bank Email: [email protected] or by fax (212) 709-5450 tenure at MF Global is illegal misuse of cus- of America, JPMorgan Chase and hard to understand. His tomer funds. In either Wells Fargo decided not to impose basic investment idea GREG case, he should be held a debit card fee.Bank of America re- was not outlandish:The DAVID accountable. treated. debt of European na- In other ways, the Competition worked the way it tions like Spain and system worked. MF was supposed to. Italy was trading at too Global failed without Washington continues to strug- big a discount and would rebound sparking a panic, and Mr. Corzine’s gle to implement the new regula- Want to STAND OUT when the European crisis was re- much-criticized compensation tions called for in the Dodd-Frank solved. package has disappeared with his financial reform bill. It needs to from the crowd? Yet,despite all the lessons of Bear company. Finally, moral hazard make room in that process for moral Stearns and Lehman, he recklessly worked as it is supposed to. hazard and competition to work leveraged the company beyond even Mr.Moynihan of Bank of Amer- their magic. Promote your coverage with Crain’s Custom Reprints

new tax, accounting and legal hurdles. This could result in the movement of trillions of dollars into less What are the benefits These funds are regulated and less secure funds— which is the last thing our struggling of reprints? economy needs. on the money Without a strong base of in- • Offer a unique opportunity to vestors, money market funds will co-brand your company with a face limitations on how much com- reputable news source mercial paper or municipal debt BY HEATHER BRICCETTI they could purchase, leaving a gap • Help underscore your PR efforts between available short-term fi- by including in press kits and t’s a saying we’ve heard many times: “If it’s not broken, nancing and the needs of businesses recruitment pieces don’t fix it.” But as the Securities and Exchange Com- and municipalities.Currently,mon- mission considers new reforms of money market funds, ey market funds hold about one- • Digital reprints boost your third of the commercial paper that which are vital investment and cash management tools news/press web pages and help businesses use for funding payrolls, drive traffic to your site for Americans, it bears repeating. stocking inventories and paying for Reprint Plaque The SEC has been right to take steps to ensure the break- expansions. I Money market funds also hold downs that led to the financial crisis never happen again—in- more than half of the short-term cluding new regulations guaranteeing that money market funds debt that finances public projects, like roads,airports,hospitals and af- ASK ABOUT OUR REPRINT PRODUCTS: will offer enhanced credit quality state and local governments rely on fordable housing. Without this fi- HARD COPY REPRINTS • EPRINTS • PLAQUES and disclosures. money market funds for stability, nancing, local governments will BANNERS/BUTTONS • TRADE SHOW COLLATERAL • POSTCARDS But now, the agency is hinting convenience and a high degree of have to find other sources of fund- that it will expand regulations fur- liquidity. It’s little wonder that ing, including raising taxes. ther.Some of its proposals,if enact- Americans have entrusted more than Restoring confidence and trust ed, would dramatically change how $2.5 trillion to these funds. in our markets is the only way to get these funds operate—changes that Yet the SEC has given clear in- our economy moving again. By rec- Contact Lauren Melesio at 212.210.0707 or would not fix any of the financial tentions of changing the fixed NAV ommending unnecessary regula- [email protected] for information on how to turn market’s problems, but would in- to a floating NAV, a move that tions that would cause businesses stead create new ones for investors, would undermine the very benefits and individual investors to move your Crain’s press coverage into great marketing. corporate treasuries and local com- that make money market funds ap- their cash out of money market munities. pealing. Without it, many investors funds, the SEC would only make a Money market funds today enjoy will choose to take their money else- tenuous economic situation even a stable net asset value,or NAV,set at where, most likely to funds with less worse. $1, which has helped them be a oversight. predictable mainstay of the financial If investors have to look for alter- Heather Briccetti is acting president and marketplace. Households, busi- natives to money market funds for chief executive of the Business Council of nesses, nonprofit institutions, and their cash, they will face a host of New York State Inc.

November 7, 2011 | Crain’s New York Business | 11 20111107-NEWS--0012,0013-NAT-CCI-CN_-- 11/4/2011 4:05 PM Page 1

The school has spent more than $1 billion to build cutting-edge re- High-tech firms flock to Albany search “clean rooms”—the hyper- sanitary labs where engineers in Continued from Page 1 ployment in the new economy. But “centers of excellence” intended to white “bunny suits” manipulate Now, after more than $2 billion the initiative has taken time to bear spur high-tech growth. SUNY Al- light and chemicals to etch out the in state commitments, New York’s fruit and will take many more years bany’s Alain Kaloyeros, a charis- integrated electrical circuits used in tech sector is back—as is Mr. of sustained public and private in- matic physics researcher who wears today’s electronics. Montgomery. Improbably, the epi- vestment if the state is to keep pace designer jeans and drives a Ferrari, Companies in the computer chip center is Albany, known more for in this hyper-competitive industry. proposed developing nanotechnol- supply chain, facing exponential in- bureaucracy than innovation. “Clearly, it’s a long-term play,” ogy,which focuses on taking advan- creases in development costs, relo- Mr. Montgomery’s new em- said Daniel Armbrust, chief execu- tage of the way matter 1/80,000th cated employees to the nanoscience cnse / ployer is SUNY Albany’s College of tive of Sematech, an association of the width of a human hair behaves. center—which in 2004 became a Nanoscale Science and Engineer- semiconductor manufacturers. Mr. Kaloyeros, emerging as the college—to conduct research and ing, which has become a catalyst in “When people ask me, ‘Why did leader of the university’s effort, took collaborate with competitors. mia ertas the race to build ever-faster, ever- you relocate this year to Albany?’ I a novel approach. He married aca- “If a company decides to leave, COMPLETING THE CIRCUIT: Warren Montgomery has followed the volatile smaller gadgets. The effort has at- tell them it’s because of what hap- demic research with private-sector God bless them, but they cannot computing industry around the world. Now, tracted hundreds of companies and pened a decade ago.” commercialization, focusing on the take a single piece of equipment improbably, it has taken him back to where he created thousands of lucrative jobs It was in 2001 that the state in- development of the next generation with them,” he said. began: upstate New York. that are the gold standard of em- vested in a handful of education of silicon chips. They haven’t left. Indeed, companies have begun flocking to the college and to the area;more than 200 have workers at the campus. The semiconductor industry in Albany has bloomed to more than 400 companies, more than New York City or Casino plan is no sure bet

Promise of gambling draws developers

BY JEREMY SMERD

In gambling, the house is supposed to win. But Monticello Casino and Raceway has lost millions of dollars in the past three years and faces delisting from the Nasdaq because its shares now trade below $1. Still, the Catskills racino’s owner and operator,Empire Resorts Inc.,is doubling down on gaming in Sulli- van County—and it’s not alone. A handful of companies are vying to build casinos in the old borscht belt, betting on a big payoff if the state amends its constitution to allow Las Vegas-style table games. That once-unthinkable policy shift has gained new currency. Un- der pressure to create upstate jobs, both Senate Majority Leader Dean Skelos and Assembly Speaker Shel- don Silver have endorsed the idea. And Gov.Andrew Cuomo has indi- cated that he’s open to the change. The prospect has delighted politicians and economic development officials in dispirited Sullivan County. Environmentalists question whether the area can sustain more than one casino. While a new facility may boost New York’s gambling industry, it’s unlikely to be a major jobs engine. “Clean up the [racetrack] site and make it beautiful,” said Ramsay Adams, executive director of Catskill Mountainkeeper, an envi- ronmental group.“But build Las Ve- gas here? That’s just crazy.” It does seem like a stretch. Mon- ticello holds races four days a week, but the stands are often empty—as they were on a recent weekday,when 19-1 long shot Lexus Artist finished in a dead heat with Jim Dandy. In the grandstand, half a dozen retirees

12 | Crain’s New York Business | November 7, 2011 20111107-NEWS--0012,0013-NAT-CCI-CN_-- 11/4/2011 4:05 PM Page 2

the mid-Hudson Valley. The college provided hundreds of jobs,would not if there was a thin-film photovoltaic Center in Canandaigua outside “There aren’t going to be, out of estimates that its funding has spurred have happened without $1.2 billion material that we could put on the ex- Rochester was a center of excellence the blue, five factories going up in billions of dollars in private invest- in state incentives. terior of a building or the inside of the that went bust. But last year it the next five years,” said an Intel ments that have helped create 12,500 By the end of next year,more than walls where the sun shines.” merged with the nanoscale college spokesman, Chuck Malloy. high-tech jobs statewide, a number it half of its 1,400 employees will be The company also has a practical to build clean rooms for academics To glimpse Albany’s future, look expects to double within 10 years. technicians who, with at least a two- reason to be on campus: It is helping and private industry to develop south—to Texas.“Albany is the new The growth has given chemists year degree, will earn salaries of to build the school’s newest lab,which nano-devices, such as insulin moni- Austin,” Mr. Malloy said. like Mr. Montgomery, the former $30,000 to $60,000. will focus on developing even more tors, used in health care. It will get Two decades ago, that city trans- IBM employee, newfound status, The focus on chip manufacturing advanced chip manufacturing. To- about 300 jobs out of the deal. formed itself into a poster child of the even if locals have not yet begun to ap- has been expanded.Architectural and ward that end, in late September the Mr. Kaloyeros, whose $763,289 semiconductor industry, luring Se- preciate what’s happening. engineering firm EYP,which special- Cuomo administration, Intel, IBM, in earnings last year made him the matech there in 1987. Since then, “We develop technology before izes in designing energy-efficient re- Global Foundries,Samsung and Tai- second-highest-paid state employ- Texas’ investments in manufacturing anybody else in the world. Not just search buildings, moved its head- wanese chip maker TSMC an- ee, believes the latest investment decreased as other high-tech sectors, New York,the world,”he said.“When quarters to the campus.It hopes to be nounced a $4.4 billion private invest- will lead to the “the ultimate prize:” like software, took off. Sematech I go to conferences, people are listen- among the first to benefit from nan- ment, plus $400 million from a second fab for upstate—and hun- traded Texas’ capital for New York’s. ing.” Research at the college will be otech research into solar electricity. taxpayers, over the next five years. dreds of additional jobs. “Albany is at a tipping point,” Se- put into practice by Global “We don’t do the research,” said The deal highlights how the col- Hopes that upstate New York matech’s Mr. Armbrust said. “The Foundries. The company, formed by Chief Executive Tom Birdsey. “But laborative model pioneered by Dr. will become a high-tech manufac- desire to work across company semiconductor company AMD and we’re the ones that can say to those re- Kaloyeros is being replicated across turing hub may be unrealistic be- boundaries created Silicon Valley. the investment arm of Abu Dhabi, is searchers,‘Gee,it would be really nice the state. The former Infotonics cause fabs are so expensive to build. And that’s what’s happening here.” Ⅲ building the state’s first chip fabrica- tion plant, just north of Albany. The $4.6 billion “fab”will have a 300,000- square-foot clean room that is far more hygienic than a hospital operating room.Its construction,which has

clutched Daily Racing Forms. In a windowless casino down- stairs, senior citizens robotically pushed buttons on armless slots, which offer none of the drama— and the jobs—that dealer-manned table games provide. Locals rely heavily on health care and government for employment, and a new performing arts center has boosted business. But Empire Resorts,despite its name,has no hotel at Monticello—and there are few nearby. A chicken slaughterhouse provides employment primarily to Spanish-speaking immigrants, including Diana Olan, who has cut out birds’ livers five days a week for 15 years. A casino job would be an improvement: She now makes $10 an hour and gets no health benefits. But she is happy to live within walk- You expect an ing distance of her work. “All my life, I work in the chicken,” she said. “Maybe I’ll go [to a new casino] to play.” expert in capital Town of Thompson Supervisor Anthony Cellini has won elections for nearly 40 years on a promise to markets and also build casinos that has yet to be ful- filled. In recent years, Indian tribes touted projects that would create in your market. 2,000 construction jobs and 2,000 casino positions, but after spending That’s Key, where you get the best of both worlds. We millions of dollars to prepare the are KeyBank, the community bank you know with local sites, they abandoned their plans. knowledge and expertise. More recently, Westchester developer Louis Cappelli has been We are also KeyBanc Capital Markets Inc., a full service trying to win the last of the state’s investment bank that in 2010 raised $108 billion in the racetrack licenses and open a racino capital markets and completed $2 billion in M&A advisory on property adjacent to where assignments for our clients. Monticello, which employs 300 Together, we have the experience and the capabilities to people, might rebuild its resort. But help you succeed. We’re not just the expert you deserve. Monticello is blocking his plans. We’re what you expect. “While they’re not playing nice in the sandbox, my town is suffer- To learn more, visit key.com/whatyouexpect. ing,” Mr. Cellini said. Locals like Alan Findling want the companies to resolve their differ- ences.More than 50 years ago,he put himself through college by working as a bellhop at one of the long-de- funct Catskills resorts.In the summer KeyBanc Capital Markets Inc., Member NYSE/FINRA/SIPC and KeyBank National Association (KeyBank N.A.) are separate but afﬁliated companies. of 1957,he made $300 a week.Today, Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives. he makes $16 an hour as a part-time betting clerk at the track. Securities products and services: /PU'%*$*OTVSFEt/P#BOL(VBSBOUFFt.BZ-PTF7BMVF “We’ve lost our jobs, we’ve lost Banking products and services are offered by KeyBank N.A. Member FDIC and Equal Housing Lender.

November 7, 2011 | Crain’s New York Business | 13 20111107-NEWS--0014-NAT-CCI-CN_-- 11/4/2011 2:07 PM Page 1

REAL ESTATE DEALS

REVERSAL British brokerage sextuples NY office OF FORTUNE The amount of Class A and B fit has signed a sublease building is owned by Michelle Walker, who could not be space available for lease rose in Commodities house for 20,000 square feet at Stawski Partners. reached. Marex Spectron 360 Madison Ave. That’s Marex Spectron was —theresa agovino Manhattan in the third quarter for almost six times as much represented by CB the first time in seven quarters. takes space on Mad space as Marex has at its Richard Ellis Group current office, at 570 brokers Ben Friedland Finally, jeweler arex Spectron, Lexington Ave. and Adam Schultz, who branches out which bills itself as The asking rent for would not comment on the world’s largest the six-year deal was $45 the transaction. Soleil After 38 years in business, Maurice privately owned a square foot, according Securities was repre- Badler Fine Jewelry is expanding. broker of financial to industry sources. sented by Cushman & The retailer recently made a deal for Mproducts in the commodities sector, Marex is subleasing from Wakefield Inc. brokers almost 1,000 square feet at 485 Park is growing.The London-based out- Soleil Securities. The Robert Lowe and Ave. The asking rent for the 10-year

Source: Eastern Consolidated

lease was $275 a square foot,according to real estate sources. The new shop, which will be open for business within two weeks, is 10 times the size of the jeweler’s tiny longtime outpost at 578 Fifth Ave. That store will re- main open. “We needed a larger location,” said owner Jeffrey Badler,the son of the late founder. “There are a few other jewelers in walking distance.” Bloomingdale’s, a big draw, is also nearby. Maurice Badler was represented by Winick Realty Group’s Lori Shabtai and Monica Kass.The jeweler replaces a high-end coffee shop in the space. Landlord 58th and Park Avenue Inc., a co-op, was represented by Gene Spiegelman and Alisa Amsterdam of Cushman & Wakefield Inc. —adrianne pasquarelli

Madison Square views for a Burch C. Wonder, a new women’s apparel, lifestyle and accessories retailer founded by Tory Burch’s ex-husband, venture capitalist Chris Burch, will set up its corporate offices in Chelsea. The company has signed an 11- year lease for 24,000 square feet at 1115 Broadway. The asking rent for the fifth-floor space was $39 a square foot. “They were looking for a cool space that is centrally located to transportation,” said David Levy of Adams & Co., who represented the tenant along with colleague Jeffrey Buslik. The office overlooks Madi- son Square Park. C. Wonder is expected to move in by Dec. 15. The company unveiled its first retail store in SoHo last week and plans to open in three more tristate locations, according to its website. James Buslik and Nicholas Zagar of Adams & Co. represented landlord Eleven Fifteen Associates. —amanda fung

14 | Crain’s New York Business | November 7, 2011 20111107-NEWS--0015-NAT-CCI-CN_-- 11/4/2011 5:41 PM Page 1

SMALL BUSINESS “What we need to develop here is a group of serial entrepreneurs.” —Dennis Purcell, senior managing partner, Aisling Capital, Page 16

NOTHING VENTURED ... The city’s medical-science establishment needs a more entrepreneurial mindset, says Frank Growing Rimalovski, who runs NYU’s new, $20 million biotech venture fund. a culture for biotech City plays catch-up in bringing scientists, business together community that widely thinks “go- BY JUDITH MESSINA ing commercial” means to succumb to the dark side. From networking After New York University an- and pitching events to mentoring, nounced its $20 million Innovation advocates are trying to build the Venture Fund last year, Frank Ri- kind of startup ecosystem that has malovski met with a professor from helped make the city’s Internet in- the university’s medical school. dustry the fastest growing in the “The professor whipped out the country. press release [on the venture fund] “Innovation is a mindset; it’s a and said, ‘Before I read this, I never culture,” said Jonathan Lewis, a for- realized I could do something like mer Memorial Sloan-Kettering this,’”recalled Mr.Rimalovski,a for- Cancer Center surgeon,and founder mer venture capitalist and head of the and CEO of Manhattan-based can- new fund—seed money for biotech cer-drug developer Ziopharm On- and other technology startups. cology Inc. “It’s been applied to Mr. Rimalovski saw how high-tech, and now it has to much work he had ahead of be applied to biotech.” him. According to biotech 1% It remains to be seen boosters, the insular nature NY STATE’S whether such efforts can portion of the of the city’s medical-science $3.8B venture replicate here what devel- establishment is a major investment in oped organically in biotech factor that is holding back biotech in 2010 hot spots like Boston and an industry that should be a San Francisco.Venture capi- powerhouse in New York, given its talists expect that it will take years, prodigious resources and track along with a string of successful record of achievement in the life sci- companies and a coterie of seasoned ences. biotech entrepreneurs who can in- In recent years, the Bloomberg vest in and mentor the next genera- administration and its partners in tion of startups. academia and business have worked Other hurdles include still-scant to overcome barriers to commercial space appropriate for biotech and biotech,from lack of space to lack of the perpetual need for funding. But funding.The focus is now turning to investors say that if New York devel- what some consider the most diffi- ops a critical mass of entrepreneurs, cult obstacle: a scarcity of entrepre- and investors are comfortable with

buck ennis neurial instinct in a medical-science See GROWING on Page 16

Nonbank loans nice, if you can get one Local nonbank lending (in millions) $20 Long Island City, Queens, also op- on individual cases.) Cano got a loan for $850,000 to $18.1 Lots of paperwork, 16 erated a café in Manhattan. He Last November, a friend told open two cafés, in Manhattan and $15.8 but a lifesaver when wanted to add two locations, with Mr. Cano about The Loan Source Queens. Loan Source also gave him $14.7 12 the goal of maintaining revenue Inc., a nonbank lender in New York advice on managing cash flow. $12.7 other lenders say no flow for his 40-employee business City that makes SBA-guaranteed “I’ve been working with banks when catering demand slows. loans. Not long after Mr. Cano con- for years, and this was a completely 8 BY ANNE FIELD Mr. Cano approached his bank, tacted Loan Source,President Steve different experience,” said Mr. Sterling National Bank, about get- Kravitz visited RCano to get “a sense Cano, whose company has annual 4 Last year, Robert Cano had a plan ting a second line of credit of about of our business and how it works,” revenues of $4 million to $8 million. and needed money to carry it out. $300,000 for the expansion but was Mr. Cano said. Conventional bank loans are still 0 Mr. Cano, CEO of RCano Events, turned down. (A spokesperson for About three months after start- difficult to come by for many small 2008 2009 2010 20111 a planning and catering firm in Sterling said it does not comment ing the application process, Mr. See LIFESAVER on Page 16 1-As of Sept. 30. Source: SBA

November 7, 2011 | Crain’s New York Business | 15 20111107-NEWS--0016-NAT-CCI-CN_-- 11/4/2011 6:20 PM Page 1

REPORT SMALL BUSINESS

Growing a biotech culture in NYC THEY SAY LIFE IS FULL OF RISKS, AND SO ARE THE LIFE SCIENCES Continued from Page 15 ing events, and puts scientists to- prowess than for their entrepreneur- JUST WHEN NEW YORK IS SCRAMBLING to create a biotech industry, money is the leadership and support for gether with business mentors, as ial chops—are also in the game. getting even scarcer as venture funds raise less. Biotech is a gamble even in young companies, the money is well as pro bono lawyers and ac- Columbia Tech Ventures, the more likely to flow. countants. nation’s most lucrative university li- good times, requiring millions of dollars and years to realize any return. The Venture capitalists put about In late October, for example, 20 censing office, is working harder to economics are off-putting for many investors, especially the pension funds $3.8 billion into U.S. biotech com- scientists from local universities and bridge the gap between scientists and family offices that are often limited panies last year.A mere $31 million, research institutions pitched their and investors. CTV has helped cre- partners in venture funds. It doesn’t help that or less than 1%, went to operations ideas and discoveries to venture cap- ate eight or nine companies annual- many investors got hammered during the in New York state, according to italists and other researchers at Tech ly in recent years; the number is up recession or that IPOs as an exit strategy have PricewaterhouseCoopers’ Mon- Connect’s “Emerging Technologies to 15 in the past year. almost disappeared. eyTree analysis. Summit.” They were coached by CUNY recently established its “These [investments] are not for the faint of “From a venture point of view, I Melinda Thomas, a three-time first technology commercialization heart,” said Orin Herskowitz, executive director think we’re dying to have a great bioentrepreneur and Tech Con- office. of Columbia Technology Ventures. [biotech] community in New York,” nect’s entrepreneur-in-residence. The city and other institutions are trying to said Dennis Purcell, senior manag- Ms. Thomas’ mission is to link Drinking at the well fill the early-funding gap by helping to find ing partner of Aisling Capital. scientists with businesspeople and Is the campaign working? money that moves discoveries along, which Aisling has dozens of life-sci- financiers. “We reach out to post- Though it is still in its early days, makes them more attractive to venture funds. ence investments around the coun- docs and say, ‘Here’s another path at least a new generation seems to be The city, for example, holds training sessions try. Just a handful got their start in for you,’ ” she said. drinking at the entrepreneurial well, for applicants for Small Business Innovation New York state. “What we need to The initiatives should resonate as evidenced by the dozens of tech- Orin Herskowitz Research grants, and City Council Speaker develop here is a group of serial en- with entrepreneurs like Yin Ho, co- savvy postdoctoral students and re- Christine Quinn has said she plans to propose trepreneurs who can feed off of each founder of New York City Health searchers at networking events. state tax credits for angel investors. other,” Mr. Purcell said. Business Leaders and CEO of Con- New York does have some At the New York Academy of Sciences, the 2-year-old Life Sciences Angel For years, politicians and eco- biotechnology standouts that can Network has backed three companies—two of them outside of New York. nomic development experts have VCs are ‘dying also serve as models, such as Intra- Similarly, the New York City Investment Fund, a private initiative that aims talked about the city’s rightful own- Cellular Therapies, which is devel- to create jobs by backing businesses in innovative sectors, is looking into ership of commercial biotech. Lack oping drugs for disorders of the alternate funding sources, such as family foundations, for biotech ventures. In to have great nervous system. The company re- of affordable lab space was seen as 2009, the fund and the city’s Economic Development Corp. launched the the main impediment. The $700 cently signed a deal potentially BioAccelerate NYC Prize, which awards million Alexandria Center for Life biotech in worth $750 million with a Japanese Science, which has opened on East drug company. entrepreneurs up to $250,000 for promising 29th Street, has attracted only ma- New York’ Dr. Lewis’ Ziopharm raised $45 drugs and technologies. Going into its third jor players as tenants. million in a public offering two years year, the program has given 11 prizes totaling In the works are plans for an ex- ago and last month presented prom- $2.3 million. pansion of SUNY Downstate’s ising preclinical data for a pediatric “We want to do it in a way that sets them biotech incubator in Brooklyn and sarcoma drug. up for success and enables them to get future its transformation of the Brooklyn text Matters, a young company “If there was a Genzyme that had funding,” said Maria Gotsch, president of the Army Terminal into BioBAT, a whose technology helps pharma- come out of a New York university, NYC Investment Fund. 500,000-square-foot incubator that ceutical companies manage risk in it would change the culture,” said In another sign of progress, Pfizer’s center is expected to open in 2013. the clinical development process. Mr. Rimalovski at NYU. at Alexandria has signed agreements with the Ms.Ho went looking for new of- Meanwhile, New York City is city’s seven major research institutions. Pfizer Promising signs fice digs recently and got enthusias- competing with other locations that will provide money and space for about 40 There are also new angel funds, tic as she toured WeWork, shared are hungry for biotech jobs, includ- university scientists to develop their ideas in tax credits for startups, and awards space downtown where tenants can ing the Hudson Valley, where a new Maria Gotsch collaboration with Pfizer researchers. for promising technologies. The attend networking events and hap- group, BioHud Valley, is pitching In addition, developer Alexandria Real aim is to connect those efforts into a py hours. the region as a natural for biotech. Estate Equities and other investors may establish an Accelerator Corp. system that can nurture a generation “They had tapped into the glue New York-based pharmaceutical program at the center. It provides space, money and management to get of scientists, spark their entrepre- that keeps people together and lets giant Pfizer Inc. has taken space at university discoveries to the clinical stage and beyond. neurial urges and address the gaps in them know they are not alone,” Ms. the Alexandria complex for one of Alexandria CEO Joel Marcus said Accelerator could launch here as soon their experience. Ho said. “Biotech here hasn’t done its three Centers for Therapeutic as next year with as much as $30 million for six fledgling companies. The first Earlier this year, the New York that.In San Francisco,you can cross Innovation. Accelerator program, founded in Seattle in 2003, has backed 12 companies City Investment Fund and the city the street and find another entre- Still, Pfizer announced in Sep- that have landed $144 million in additional funding. launched NYC Tech Connect, a preneur.” tember that it would hire 400 peo- —JUDITH MESSINA public-private partnership that The city’s universities—histori- ple for a new research facility—in sponsors educational and network- cally known more for their licensing Cambridge, Mass. Ⅲ

million for its fiscal year,which end- gested NYBDC. Though her based on his company’s receivables. ed Sept. 30. company had no revenues yet, Ms. Mr. Zalben, named one of Lifesaver SBA loans Nonbanks can be a godsend for Nyzio was able to borrow $85,000. Crain’sTop Entrepreneurs this year, small businesses because these Companies also find that they was assigned a loan officer to han- lenders consider things like project- get more help from nonbanks than dle anything related to closing the Continued from Page 15 at the Bronx Small Business Devel- ed income, which banks generally they might from a bank with the transaction. businesses, but some have turned to opment Center at Lehman Col- will not factor in, according to reams of paperwork required by the “I would email or speak to her a little-known source of funding: lege. “They fill a real void.” Patrick MacKrell, chief executive of SBA. every other day,” said Mr. Zalben, SBA-approved nonbank lenders. Nonbanks are not a panacea, NYBDC. who expects revenues at his 15-em- These entities do not accept de- however, largely because their total That’s one reason designer Plenty of “phone time” ployee company to reach $12 mil- posits but can make loans. lending capability is limited. Monika Nyzio qualified for an Mr.Cano said that Mr.Kravitz at lion this year. There are 14 SBA-licensed non- In 2010, SBA-approved non- NYBDC loan for her Manhattan- Loan Source worked with him on Not everyone is totally thrilled bank lenders nationwide. New York banks made 58 SBA-backed loans in based e-commerce startup this past documentation, spending “a lot of with the experience. state also has the New York Business New York City worth a total of $18.1 spring. Ms. Nyzio launched Moni- phone time” over several months. According to Ms. Nyzio, there Development Corp., an SBA-ap- million. Albany-based NYBDC ka Nyzio Shoes early last year with Lee Zalben, president of Peanut was so much back-and-forth that proved nonbank that is not a licens- made another 62 loans totaling $43.1 personal savings but needed outside Butter & Co., a Manhattan-based she had to delay production of her ee but is backed by a consortium of million. That compares with $331.3 financing to produce her fall 2011 sandwich shop and purveyor of spe- new lines. more than 20 traditional banks. million in SBA-approved bank loans and spring 2012 collections. She cialty peanut butters, has a similar “If I were in retail stores, I would Because the SBA, rather than fi- awarded last year. tried three banks, all of which story. have had to cancel the order,” she nancial regulators, oversees these turned her down. This spring, Mr. Zalben got a said.(A spokesperson said NYBDC nonbank lenders, they can approve Smaller pool Ms. Nyzio then approached $262,000 loan for R&D from does not comment on specific cas- loans that many banks cannot. Through September of this year, Citibank, where she had her mort- Newtek Business Services. Early es.) Nonetheless, Ms. Nyzio is “The nonbanks don’t just crunch SBA-licensed nonbanks had made gage. The bank referred her to last year, he had secured a line of grateful for the money. “Especially numbers and look at formulas,” said 23 loans for a total of $15.8 million; NYC Small Business Solutions, a credit—he would not disclose the in this economy—it’s wonderful,” Clarence Stanley, regional director NYBDC made 93 loans worth $71 city agency, whose counselors sug- amount—from the nonbank lender she added. Ⅲ

16 | Crain’s New York Business | November 7, 2011 20111107-NEWS--0017-NAT-CCI-CN_-- 11/3/2011 5:39 PM Page 1

PROFESSIONS New York Area’s Largest Engineering Firms Ranked by number of area engineers

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November 7, 2011 | Crain’s New York Business | 17 nb45p18-21cl.qxp 11/4/11 3:33 PM Page 18
BOOKKEEPING REAL ESTATE PUBLIC & LEGAL NOTICES SERVICES SHOWROOM / OFFICE SPACE Notice of Qualification of BVK-RREEF Notice of Qualification of South Point 412 West 14th Street 1N, LLC. Holdings, LLC. Authority filed with Authority filed with NY Dept. of State NY Dept. of State on 9/19/11. Office on 9/30/11. Office location: NY location: NY County. LLC formed in County. LLC formed in DE on MI on 8/19/11. NY Sec. of State 9/28/11. NY Sec. of State designated designated agent of LLC upon whom agent of LLC upon whom process process against it may be served and www.mayermeinberg.com against it may be served and shall shall mail process to: National mail process to: c/o CT Corporation Corporate Research, Ltd., 10 E. 40th System, 111 8th Ave., NY, NY 10011. St., 10th Fl., NY, NY 10016, regd. DE address of LLC: 1209 Orange St., agent upon whom process may be Wilmington, DE 19801. Cert. of served. MI and principal business CORPORATE Form. filed with DE Sec. of State, addr.: 1946 Turner NW, Grand Rapids, 401 Federal St., Dover, DE 19901. MI 49504. Cert. of Org. filed with Dir. EVENTS Purpose: all lawful purposes. of Bureau of Commercial Services, 2501 Woodlake Cir., Okemos, MI Notice of Formation of Golden Carrot 48864. Purpose: all lawful purposes. Vending LLC. Arts. of Org. filed with EVENT VENUES Secy. of State of NY (SSNY) on Name of LLC: Fit Connect Media 8/15/11. Office location: NY County. LLC. Arts. of Org. filed with NY Dept. REGIS ROYAL - Restaurant and Lounge: SSNY designated as agent of LLC of State: 9/9/11. Office loc.: NY Co. Authentic Italian Cuisine LUXURY PROPERTY upon whom process against it may Sec. of State designated agent of LLC Wall Street Area FOR SALE / EAST HAMPTON be served. SSNY shall mail process upon whom process against it may Located at: Rector and Washington Street c/o US Corp Agents Inc. to: 7014 be served and shall mail process to: Open 7 Days a Week - Lunch and Dinner 13th Ave., Ste 202, Brooklyn, NY c/o Jessica Underhill, 322 E. 85th St., NestSeekers.com CORPORATE AND PRIVATE EVENT SPACE 11228. Purpose: any lawful activity. Apt 2B, NY, NY 10028, regd. agt. Beautiful Contemporary Interior upon whom process may be served. with Cathedral Ceiling, Johnny Richie LLC. Arts. Of Org. filed Purpose: any lawful act. Mezzanine, Private Space STUNNINGNG with Secy of State of NY (SSNY) on Available for Corporate and 8/24/11. Office in NY County. SSNY Notice of Formation: Articles of Private Events, Holiday Parties BEACHBEACACH designated agent of LLC upon whom Organization of WEDONYC, LLC filed Whether 20 or 250 Guests, we will process against it may be served. with the Sec’y of State of NY (SSNY) Accommodate You and work HOUSEU SSNY shall process to John on 8/15/11. Office location is NY with your Budget INN THE DUNES Lindamood, 145 E 16th St., Ste 7K, County. SSNY is Agent for Service of NY, NY 10003. Purpose: General Process, copy of process to: 300 Please Call: 212 321-3000 Madison Ave., Ste 1600, Toledo, OH AMAGANSETT. NOTICE OF FORMATION OF Mary 43604. Principal business office: ImpeccableImpecImpeImpeccccablecableable Hilton Creative, LLC. Arts of Org filed 1133 Broadway, Ste 1308, N.Y., NY 10010. Purpose: any lawful activity. EXECUTIVE 6,0006,0660,00000000S0 Sf+/-Sf+f+//-- with the Secy of State of NY (SSNY) SummerSSuummmmmeerr CCoCot Cottageottttataaggee on 08/04/11. Office loc: NY. SSNY has been designated as agent upon whom Notice of Formation of Falcon Jewelry, NextNNeextexxtt To Reserve.ReReseRessesererervrvvee.e. RECRUITER process may be served and shall mail LLC. Arts. of Org. filed with Secy. of ExclusiveExclusiveclusive $11$1$$11.8m111.818.88mm a copy of any process to the principal State of NY (SSNY) on 9/15/11. Office business address: 57 W. 10th St., NY, location: NY County. SSNY designated POSITIONS NY 10011. Purpose: any lawful acts. as agent of LLC upon whom process AVAILABLE Joseph DeCristofaro against it may be served. SSNY shall SVP, Managing Partner FURTHER LANE FARM, LLC Articles mail process to: The LLC, c/o S&K Administrative Officer WEB# 34283 631.873.5362 of Org. filed NY Sec. of State (SSNY) Statutory Agent Services, Inc., 3475 (AllianceBernstein L.P. - White Plains, 8/23/2011. Office in NY Co. SSNY Ridgewood Rd., Akron, OH 44333. NY) Analyze, dsgn, & dvlp software desig. agent of LLC upon whom Purpose: any lawful activity. apps for critical Sell Side Middle Office process may be served. SSNY shall trade processing (TPS) platform. Req’s OFFICE SPACE PUBLIC & mail copy of process to 1619 HOUSE OF JAI LLC, a domestic a Bach’s degr (or foreign equivalent) in Broadway, 10th Flr., NY, NY 10019, Limited Liability Company (LLC), filed Comp Sci, Electronic Engineering, or rel which is also the principal business with the Sec of State of NY on 9/1/11. tech field & 5 yrs exp providing systems TECH COMPANIES LEGAL NOTICES location. Purpose: Any lawful purpose. NY Office location: New York County. app dsgn & dvlpmnt w/i the finan srvcs This is for you! SSNY is designated as agent upon industry. Must have exp in each of Exceptional office space - best location Notice of Formation of L’Escale whom process against the LLC may following: util Sun Solaris, PowerBuilder on . Open, sunny, Notice of Qualification of Blackstone UNION SQUARE Francaise, LLC. Arts of Org. filed with be served. SSNY shall mail a copy of 9.0, PowerBuilder Foundation Class high ceilings, move-in condition, private Real Estate Partners VII.TE.3 L.P. Secy. Of State of NY (SSNY) on any process against the LLC served Library, Sybase ASE, Broadridge’s BPS floor. 4200 sf. Direct lease by owner. Authority filed with NY Dept. of State 9/02/11. Business location: NY County. upon him/her to Jeri Fogel, c/o System & Perl; util Erwin structured Contact 917-856-0098 on 9/15/11. Office location: NY progrmming methodology to perform SSNY designated as agent of LLC Mautner-Glick Corp., 1345 Third Ave., or [email protected]. County. Princ. bus. addr.: 345 Park database dsgn & dvlpmnt for invstmnt Ave., NY, NY 10154. LLC formed in DE upon whom process against it may NY, NY 10075. General Purposes. mgmt ops; & util NOMAD on a VM/CMS on 9/2/11. NY Sec. of State designated be served. SSNY shall mail copy to op system. Resumes: AllianceBernstein agent of LLC upon whom process Law Office of Kathleen Higgins, 270 Notice of formation of 1619 THIRD L.P., Attn: J.Johnson, 1345 Ave of the against it may be served and shall Jay St., Suite 1, Brooklyn, NY 11201. AVENUE UNIT 15D LLC, a domestic Americas, New York, NY 10105. JobID TELECOMMUNICATIONS mail process to: c/o CT Corporation Purpose: any legal activity. Limited Liability Company (LLC). WHIBAN. System, 111 8th Ave., NY, NY 10011, Articles of Organization filed with the regd. agent upon whom process may Notice of Formation of 2050 FIFTH Secretary of State on August 24, 2011. VP, Sr Quantitative Analyst NYC'S MOTOROLA NY Office Location: New York County. (AllianceBernstein L.P. - New York, NY) be served. DE addr. of LP: c/o The AVENUE, LLC. Arts. of Org. filed MOTOTRBO SPECIALISTS Corporation Trust Co., 1209 Orange with the Secy. of State of NY (SSNY) Secretary of State is designated as Enhance & support expected rtn & risk agent upon whom process against mdls, optimizers & other analytics for St., Wilmington, DE 19801. on 08/16/2011. Office located in NY value equity ste of products globally. Reqs Name/addr. of genl. ptr. available County. SSNY has been designated the LLC may be served. Secretary of Master’s deg in Econ, Quant Finan or rel from NY Sec. of State. Cert. of Form. for service of process. SSNY shall State shall mail a copy of any tech field & 4 yrs exp provid’g quant & stat filed with DE Sec. of State, 401 mail process to: LLC, 159 West 25th process against the LLC served upon investmnt rsrch & analysis, risk mdling Federal St., Dover, DE 19901. Street - 6FL, NY, NY 10001. him/her to: P.O. Box 39, Wyckoff, & investmnt infrastructure & program’g Purpose: all lawful purposes. Purpose: Any lawful purpose. New Jersey 07841. Purpose: To srvcs. All stated exp must incl following: engage in any lawful act or activity. perform’g bottom up (stock level), cross Notice of Qualification of ARC Notice of Qualification of Radio Free sectional factor rsrch w/i global equity NYGRNAV004, LLC. Authority filed Dixie Productions, LLC. Authority Notice of Qualification of CPM GROUP mrkts; util knwldg of finan stmts to form with Secy. of State of NY (SSNY) on filed with NY Dept. of State on LLC. Authority filed with Secy. of econ interpretations of account’g factors; 10/18/11. Office location: NY County. 9/16/11. Office location: NY County. State of N.Y. (SSNY) on 6/17/11 under adv knwldg of construction, usage & LLC formed in Delaware (DE) on Princ. bus. addr.: 1100 Ave. of the the fictitious name CPM Advisory interpretation of lead’g 3rd party factor 09/28/11. Princ. office of LLC: 106 Americas, 9th Fl., NY, NY 10036. LLC LLC. Office location: New York County. risk mdls; util mean variance & other York Rd., Jenkintown, PA 19046. formed in DE on 5/18/11. NY Sec. of LLC formed in Delaware (DE) on optimization techniques; interpret’g & SSNY designated as agent of LLC synthesiz’g outputs from optimizations & State designated agent of LLC upon 5/31/11. SSNY designated as agent upon whom process against it may other quant analyses to communicate whom process against it may be of LLC upon whom process against rec’s about portfolio strategy & rsrch be served. SSNY shall mail process served and shall mail process to: c/o it may be served. SSNY shall mail priorities; dvlping comprehensive product to c/o CSC, 80 State St., 6th Fl., CT Corporation System, 111 8th process to: c/o United Corporate dsgn rec’s to improve exist’g or create new Albany, NY 12207. DE addr. of LLC: Ave., NY, NY 10011, regd. agent Services, Inc., 10 Bank St., Ste. 560, commercial opportunities; & work’g w/i c/o Corporation Service Co., 2711 upon whom process may be served. White Plains, NY 10606. DE address an investmnt team to support day-to-day 33 East 33rd Street Centerville Rd., Ste. 400, Wilmington, DE addr. of LLC: 1209 Orange St., of LLC: 874 Walker Road, Suite C, portfolio rsrch & invest’g activities. New York, NY 10016 DE 19808. Arts. of Org. filed with DE Wilmington, DE 19801. Cert. of Dover, DE 19904. Arts. of Org. filed Resumes: AllianceBernstein L.P. Attn: J. 212-532-7400 Secy. of State, Div. of Corps., 401 Form. filed with DE Sec. of State, with DE Secy. of State, 401 Federal Johnson, 1345 Ave of the Americas, New www.metrocomradio.com Federal St., Ste. 4, Dover, DE 19901. 401 Federal St., Dover, DE 19901. St., Dover, DE 19901. Purpose: any York, NY 10105. JobID: NEWMYA. Purpose: Any lawful activity. Purpose: all lawful purposes. lawful activity.
18 | Crain’s New York Business | November 7, 2011 nb45p18-21cl.qxp 11/4/11 3:02 PM Page 19
PUBLIC & LEGAL NOTICES
Notice of Qualification of USPF IV Notice of Formation of CHEN-FA- Notice of Qualification of THE NOC TV, Notice of Formation of KLIGER Notice of Qualification of EXG 430W37 Laurel Retail GP LLC. Authority filed TSIN-CHU, LLC. Arts. of Org. filed LLC. Authority filed with Secy. of MEDIA ASSOCIATES, LLC. Arts. of LLC. Authority filed with Secy. of with NY Dept. of State on 8/19/11. with Secy. of State of NY (SSNY) on State of NY (SSNY) on 9/28/11. Office Org. filed with Secy. of State of N.Y. State of NY (SSNY) on 9/20/11. Office location: NY County. Princ. 9/26/11. Office location: NY County. location: NY County. LLC formed in (SSNY) on 7/26/11. Office location: Office location: NY County. LLC bus. addr.: Two Ravina Dr., Ste. 400, Princ. office of LLC: 1540 Second Delaware (DE) on 9/22/11. SSNY New York County. SSNY designated formed in Delaware (DE) on 9/16/11. Atlanta, GA 30346. LLC formed in Ave., NY, NY 10028. SSNY designated designated as agent of LLC upon as agent of LLC upon whom process SSNY designated as agent of LLC DE on 7/19/11. NY Sec. of State as agent of LLC upon whom process whom process against it may be against it may be served. SSNY shall upon whom process against it may designated agent of LLC upon whom against it may be served. SSNY shall served. SSNY shall mail process to: mail process to: c/o Breslow & be served. SSNY shall mail process process against it may be served mail process to Corporation Service c/o Abdul Khan, 1550 17th St., Santa Walker LLP, 767 Third Ave., New to: c/o CT Corporation System, 111 and shall mail process to: CT Co., 80 State St., Albany, NY 12207- Monica, CA 90404, also the principal York, NY 10017, Attn: Joel M. Eighth Ave., NY, NY 10011, also the Corporation System, 111 8th Ave., 2543. Purpose: Any lawful activity. office address. Address to be main- Walker, Esq., registered agent upon registered agent. Principal office NY, NY 10011. DE addr. of LLC: The tained in DE: 3500 S. DuPont Hwy, whom process may be served. address: 805 Third Ave., 7th Fl., NY, Corporation Trust Co., 1209 Orange Notice of Formation of NIERENBERG Dover, DE 19901. Arts of Org. filed Purpose: any lawful activity. NY 10022. Address to be maintained St., Wilmington, DE 19801. Cert. of CONSULTING GROUP, LLC. Arts. of with the DE Secretary of State, 401 in DE: Corporation Trust Center, 1209 Form. filed with DE Sec. of State, Org. filed with Secy. of State of NY Federal St., #3, Dover, DE 19901. Notice of formation of DanceWorks Orange St., Wilmington, DE 19801. 401 Federal St., Dover, DE 19901. (SSNY) on 9/23/11. Office location: Purpose: any lawful activities. New York City LLC, a foreign limited Arts of Org. filed with the DE Purpose: all lawful purposes. NY County. Princ. office of LLC: c/o liability company. Authority filed with Secretary of State, 401 Federal St., Andrea Nierenberg, 420 E. 51st St., Notice of Formation of Gezunte Secy of State of NY (SSNY) on Ste. 4, Dover, DE 19901. Purpose: NOTICE of formation of Sander Ste. 12D, NY, NY 10022. SSNY Bagel, LLC. Articles of Org. filed with 07/21/11. Office location: New York any lawful activities. Rabin MD JD PLLC. Arts of Org filed designated as agent of LLC upon the Secretary of State of New York County. LLC formed in Massachusetts w/Sec of State of NY on 9/21/11. whom process against it may be (SSNY) on 10/05/2011. Office location: (MA) on 06/16/11. SSNY designated Notice of Formation of SMC E-Learning Office location: NY County. Business served. SSNY shall mail process to New York County. SSNY has been as agent of LLC upon whom process LLC Arts. of Org. filed with Secy. of Filings Inc 187 Wolf Rd Ste 101 the LLC at the addr. of its princ. designated as agent upon whom against it may be served. SSNY shall State of N.Y. (SSNY) on 07/11/11. Albany NY 12205 designated as office. Purpose: Any lawful activity. process against the LLC may be mail a copy of any process to the Office location: New York County. agent for service of process against served. SSNY shall mail a copy of principal business address: Attn: Lisa SSNY designated as agent of LLC PLLC and shall mail copy to Sander THE BOWERY KITCHEN LLC, a process to: The LLC., 121 West 19th Mara, 124 Marlborough St. #7, Boston, upon whom process against it may be Rabin at principal business address: domestic Limited Liability Company Street, New York, NY 10011. MA 02116. Purpose: Dance company. served. SSNY shall mail process to c/o 1350 Broadway Suite 2500 NY NY (LLC), filed with the Sec of State of NY Purpose: any lawful activity. The Law Offices of Daniel A. Singer 10018. Purpose: any lawful activity. on 8/24/11. NY Office location: New Notice of Formation of HARTZ PLLC, 245 5th Avenue, Suite 1902, York County. SSNY is designated as NOTICE IS HEREBY GIVEN THAT A ENERGY CAPITAL, LLC. Arts. of Org. New York, New York 10016. Principal agent upon whom process against the Notice of Formation of 712 WEST LICENSE NUMBER 1257664 FOR AN filed with Secy. of State of NY business location: 419 Lafayette LLC may be served. SSNY shall mail ASSOCIATES LLC. Arts. Of Org. filed ON PREMISES LIQUOR LICENSE (SSNY) on 10/18/11. Office location: Street, No. 2, New York, New York a copy of any process against the LLC with Secty of State of NY (SSNY) on HAS BEEN APPLIED FOR BY LEMBI NY County. Princ. office of LLC: 10003. Purpose: any lawful purpose. served upon him/her to Alessandro 9/27/11. Office location: New York CAFÉ INC. D/B/A ALEMBI CAFÉ TO Timothy P. Terry, 667 Madison Ave., Zampedri, 220 The Bowery, NY, NY County. SSNY designated as agent of SELL LIQUOR AT RETAIL IN THE 24th Fl., NY, NY 10065. SSNY WASSERBURG LLC, a domestic 10012. General Purposes. LLC upon whom process against it may CAFÉ UNDER THE ALCOHOLIC designated as agent of LLC upon Limited Liability Company (LLC), filed be served. SSNY shall mail process BEVERAGE CONTROL LAW AT 23-63 whom process against it may be with the Sec of State of NY on Notice of Formation of PEAK to: The LLC, Attn: General Counsel, STEINWAY STREET, ASTORIA, NY served. SSNY shall mail process to 9/1/11. NY Office location: New York ANACAONA LLC. Arts. of Org. filed County. SSNY is designated as 521 Fifth Avenue, Suite 1804, New 11103 FOR ON PREMISES the LLC at the addr. of its princ. with Secy. of State of NY (SSNY) on agent upon whom process against York, NY 10175. Purpose: Acquisition CONSUMPTION. office. Purpose: Any lawful activity. of a 40 unit apartment building. 10/07/11. Office location: NY County. the LLC may be served. SSNY shall Princ. office of LLC: 200 E. 72nd St., mail a copy of any process against Notice is hereby given that a Notice of Formation of OTTERNAT PHJ, NY, NY 10021. SSNY designated the LLC served upon him/her to The NOTICE OF FORMATION of Orme license (#TBA) for BEER & WINE LLC. Arts. of Org. filed with NY Dept. as agent of LLC upon whom process LLC, c/o Elizabeth M. Kovac, Esq., Square Law, PLLC. Arts. of Org. filed has been applied for by BLUEBIRD of State on 9/29/11. Office location: against it may be served. SSNY shall 90 Park Ave., Ste. 1710, NY, NY with Secretary of the State of NY SKY NYC LLC at retail, in a NY County. Princ. bus. addr.: 107 mail process to Alix Pasquet III at the 10016. General Purposes. (SSNY) on 09/26/11. Office Location: Restaurant, under the ABC Law at Sullivan St., NY, NY 10012. Sec. of princ. office of the LLC. Purpose: NY County. SSNY designated as 121 BAXSTER ST., NY, NY 10013 State designated agent of LLC upon Any lawful activity. Notice of formation of a Limited agent upon whom process against for on-premises consumption. whom process against it may be LLC may be served. SSNY shall Liability Company: Name: THE CIRIC served and shall mail process to: c/o LAW FIRM, PLLC, Articles of mail copy of process (c/o PLLC): Notice of Formation of Makes Sense! Mark Rosenblum, CPA, 37 Brighton 780 Greenwich Street, #5K, NY, NY LLC. Arts. Of Org. filed with NY BEND IN THE ROAD, LLC Articles of Organization filed with the Secretary Org. filed NY Sec. of State (SSNY) 11th St., Brooklyn, NY 11235. of State of New York (SSNY) on 10014. Purpose: Law Firm. Dept. of State on 10/11/11. SSNY Purpose: all lawful purposes. designated agent of LLC upon whom 6/20/11. Office in NY Co. SSNY 09/27/2011. Office location: New York desig. agent of LLC upon whom County. SSNY has been designated NOTICE OF FORMATION of ZOE INT. process against it may be served process may be served. SSNY shall BKC RENAISSANCE, LLC, a domestic as agent of the LLC upon whom LLC. Articles of Organization filed and shall mail process to c/o General mail copy of process to 30 Leroy St., Limited Liability Company (LLC), filed process against it may be served. with Secretary of State of New York Counsel, 6 E 43rd Street, FL 24, NY, NY, NY 10014, which is also the with the Sec of State of NY on 10/6/11. SSNY shall mail a copy of process to: (SSNY) on 10/11/2011. Office NY 10017. Primary place of business principal business location. Purpose: NY Office location: New York County. THE CIRIC LAW FIRM, PLLC, 622 East location: NY County. SSNY has is 6 E 43rd Street, NY, NY 10017. Any lawful purpose. SSNY is designated as agent upon 20th Street, #2a, New York, NY 10009. been designated as an agent upon Purpose: Any Lawful Purpose. whom process against the LLC may Purpose: Any Lawful Purpose. whom process against the LLC may be served. SSNY shall mail a copy of 77 NY @ 46 ST, LLC, a foreign Limited NOTICE OF FORMATION OF be served. The address to which any process against the LLC served Notice of Qualification of G VALUE Liability Company (LLC) filed with the Gallagher Law Offices PLLC. SSNY shall mail a copy of any upon him/her to Robert E. Michael & PARTNERS GP, LLC. Authority filed Sec of State of NY (SSNY) on 9/27/11. Articles of Organization filed with process against the LLC is to: ZOE Assoc. PLLC, 950 3rd Ave., Ste. 2500, with Secy. of State of NY (SSNY) NY office Location: New York County. the Secretary of State of NY (SSNY) INT. LLC 142 West 83rd Street, New NY, NY 10022. General Purposes. on 10/4/2011. Office location: NY SSNY is designated as agent upon on 08/04/2011. Office location: York, NY 10024. Purpose: To County. LLC formed in Delaware (DE) whom process against the LLC may NEW YORK County. SSNY has been engage in any lawful act or activity. Notice of Qualification of Nine & C, on 9/26/2011. Princ. office of LLC: be served. SSNY shall mail a copy designated as agent upon whom LLC. App. for Auth. filed with Secy. of 546 5th Ave., 14th Fl., NY, NY 10036. of any process against the LLC served process against it may be served. Notice of Formation of Limited State of NY (SSNY) on 10/12/11. SSNY designated as agent of LLC upon him/her to David Glassman Esq, The Post Office address to which Liability Company (LLC) Name: AP Office location: NY County. LLC upon whom process against it may be 49 W 24th St 3rd Fl, NY, NY 10010. the SSNY shall mail a copy of any CAPITAL MANAGEMENT, LLC. formed in Texas (TX) on 9/29/11. SSNY served. SSNY shall mail process to General purposes. process against the PLLC served Articles of Organization filed by the designated as agent of LLC upon whom the LLC at the princ. office of the LLC. Department of State of New York on: upon him/her is: InCorp Services, NOTICE OF FORMATION OF IN HER Inc., One Commerce Plaza - 99 process against it may be served. DE addr. of LLC: Corporation Service 10/04/2011. Office location: County SSNY shall mail process to the TX Co., 2711 Centerville Rd., Ste. 400, of New York. Purpose: any and all IMAGE MUSIC LLC. Arts of Org filed Washington Ave., Suite 805-A, with the Secy of State of NY (SSNY) Albany, NY 12210-2822. The address of LLC: 1919 Post Oak Park Wilmington, DE 19808. Arts. of Org. lawful activities. Secretary of State of Drive, Ste. 3101, Houston, TX 77027. filed with Secy. of State of DE, Div. of New York (SSNY) designated as on 8/18/11. Office loc: NY Cty. SSNY principal business address of the PLLC is: 405 Lexington Ave., 26th Arts. of Org. filed with TX Secy. of Corps., John G. Townsend Bldg., 401 agent of LLC upon whom process designated as agent upon whom Floor, New York, NY 10174. State, 1019 Brazos, Austin, TX 78701. Federal St. - Ste. 4, Dover, DE 19901. against it may be served. SSNY shall process may be served and shall mail Purpose: any lawful act or activity. Purpose: any lawful act or activity. Purpose: Any lawful activity. mail copy of process to: 75 Broad a copy of any process to the principal Street #24 Fl New York, NY 10004. business address: 435 E86 St. #2B, NY, NY 10028. Purpose: any lawful acts. NOTICE OF FORMATION of Aurum Staffing, LLC Art. of Org filed Sec’y NOTICE OF FORMATION OF of State (SSNY) 10/19/11. Office Breakable Girls Music, LLC. location: New York County. SSNY Articles of Organization filed with the designated as agent of LLC upon whom Secretary of State of NY (SSNY) on process against it may be served. 7/25/2011. Office location: NEW SSNY shall mail copy of process to YORK County. SSNY has been des- Alan M. Tarter, Esq., Tarter Krinsky & ignated as agent upon whom process Drogin LLP, 1350 Broadway, 11th against it may be served. The Post Floor, New York, NY 10018. Registered Office address to which the SSNY agent upon whom process may be shall mail a copy of any process served: Alan M. Tarter, Esq., Tarter against the LLC served upon him/her Krinsky & Drogin LLP, 1350 is: c/o eResidentAgent, Inc. 12121 Broadway, 11th Floor, New York, NY Wilshire Boulevard, Suite 1201, Los 10018 Purpose: any lawful activities. Angeles, CA 90025.
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PUBLIC & LEGAL NOTICES
Notice of Qualification of MTGLQ Notice of Qualification of Trump XRS OPERATING L.P., a domestic Notice of Appl. for Auth. of Frost NOTICE OF FORMATION of Luma Investors, L.P. Authority filed with NY Books LLC. Authority filed with Limited Partnership (LP) filed with Leonard Manager LLC, a foreign Realty I LLC Art. of Org filed Sec’y of Dept. of State on 9/22/11. Office Secy. of State of NY (SSNY) on the Sec of State of NY (SSNY) on limited liability company (LLC). Appl. State (SSNY) 10/26/11. Office location: location: NY County. Princ. bus. 10/6/11. Office location: NY County. 7/22/11. NY office Location: New for Auth. filed with SSNY on 6-24-11. New York County. SSNY designated addr.: 200 West St., NY, NY 10282. LLC formed in Delaware (DE) on York County. SSNY is designated as LLC organized in DE on 6-20-11. Office as agent of LLC upon whom process LP formed in DE on 12/29/93. NY 10/3/11. SSNY designated as agent agent upon whom process against location: NY Cty. SSNY designated against it may be served. SSNY Sec. of State designated agent of LP of LLC upon whom process against the LP may be served. SSNY shall as agent of the LLC upon whom shall mail copy of process to c/o upon whom process against it may it may be served. SSNY shall mail mail a copy of any process against process against it may be served. James P. DeMare, 25 North Moore be served and shall mail process to: process to: c/o National Registered the LP served upon him/her to The SSNY shall mail copy of process to: St., Apt 4B, New York, NY 10013. CT Corporation System, 111 8th Agents, Inc., 875 Ave. of the LP, c/o XRS Management Inc., Attn: c/o The Maxal Group, Inc., Attn: Mr. Purpose: any lawful activities. Ave., NY, NY 10011. DE addr. of LP: Americas, Ste. 501, NY, NY 10001, Donald F. Healy, 244 E. 53rd St., NY, Bruce Sturman, 30 Van Dam Street, 1209 Orange St., Wilmington, DE also the registered agent. Principal NY 10022. Latest date to dissolve New York, NY 10013. DE address of 19801. Name/addr. of genl. ptr. office address: 725 Fifth Ave., NY, 12/31/2050. General purposes. LLC c/o Nat’l Registered Agents, Inc., Avenue of Admissions LLC Articles of available from NY Sec. of State. NY 10022. Address to be maintained 160 Greentree Dr., Ste. 101, Dover, DE Org. filed NY Sec. of State (SSNY) Cert. of LP filed with DE Sec. of in DE: 160 Greentree Dr., Ste. 101, 19901. Cert. of Form. on file with DE 09/19/2011. Office in NY County. NOTICE OF FORMATION OF SSNY designated Agent of LLC upon State, 401 Federal St., Dover, DE Dover, DE 19904. Arts of Org. filed ACCESSORY STREET, LLC. Articles Dept of State, Div. of Corps, 401 19901. Purpose: any lawful activity. with the DE Secretary of State, 401 Federal St., Ste. 4, Dover, DE 19901. whom process may be served. SSNY of Organization filed with Secretary shall mail copy of process to 40 Wall Federal St., Ste. 4, Dover, DE 19901. of State of New York (SSNY) on Purpose: Any lawful act or activity. Purpose: any lawful activities. St., 28th FL NY, NY 10005. Purpose: NOTICE OF FORMATION of MAVEL 6/14/11. Office location: NY County. Any lawful purpose. STUDIO LLC. Arts. of Org. filed with SSNY has been designated as an NOTICE OF FORMATION OF NuVel the Secy. of State of NY (SSNY) on Notice of Formation of FNA Medical agent upon whom process against Technica LLC. Arts. of Org. filed 10/19/11. Office location: NY County. Diagnostics, PLLC. Arts. Of Org. filed the LLC may be served. The with Secy. of State of NY (SSNY) on Notice is hereby given that a license, SSNY designated as agent of LLC with Secy. of State of NY (SSNY) on address to which SSNY shall mail a 08/16/11. Office location: Hudson serial number 1258366, for liquor upon whom process against it may be 10/18/2011. Office location: NY County. copy of any process against the LLC County. SSNY designated as agent has been applied for by Barney’s, Inc. served. SSNY shall mail process to : SSNY designated as agent of PLLC is to Attn: Ted Rosen, Esq., 100 Park of LLC upon whom process against (d/b/a Barneys New York) to sell liquor The LLC, 195 Stanton St., 4H, N.Y., N.Y., upon whom process against it may be Ave., Ste. 1500, NY, NY 10012. it may be served. SSNY shall mail in a restaurant under the Alcoholic 10002. Purpose: any lawful activity. served. SSNY shall mail process to: The Purpose: any lawful act or activity. process to LLC: 1005 80th St, North Beverage Control Law at 660 PLLC, 300 W 110th st. #3K, NY, NY Bergen, NJ 07047. Purpose: any Madison Ave., 8th Fl., New York, NY Notice of Formation of CRIBSIES, LLC. 10026. Purpose: any lawful activity. Notice of Formation of 382 3rd FL LLC. lawful activity. 10065 for on premises consumption. Arts. of Org. filed with Secy. of State Arts. of Org. filed with Secy. of State of NY (SSNY) on 9/27/2011. Office Notice of Formation of HUDSON of NY (SSNY) on 08/25/11. Office Notice of Formation of 4459 Bailey Notice of Formation of Fresco Capital location: NY County. Princ. office of CITYPOINT LLC. Arts. of Org. filed location: NY County. Princ. office of Avenue Operating Company, LLC. Partners, LLC. Arts. of Org. filed LLC: 170 E. 83rd St., NY, NY 10028. with Secy. of State of N.Y. (SSNY) on LLC: 666 Broadway, 12th Fl., NY, NY Arts. of Org. filed with NY Dept. of with Secy. of State of NY (SSNY) on SSNY designated as agent of LLC 3/26/10. Office location: New York 10012. SSNY designated as agent of State on 10/12/11. Office location: 06/30/11. Office location: NY upon whom process against it may be County. SSNY designated as agent of LLC upon whom process against it NY County. Sec. of State designated County. SSNY designated as agent served. SSNY shall mail process to LLC upon whom process against it may be served. SSNY shall mail agent of LLC upon whom process of LLC upon whom process against c/o Kramer Levin Natfalis & Frankel may be served. SSNY shall mail process to Andrews Building Corp., against it may be served and shall it may be served. SSNY shall mail LLP, Attn: Christopher S. Auguste, process to: The LLC, 826 Broadway, Attn: Eugene Andrews or Naomi mail process to the principal business process to LLC: 36 Sutton Place 1177 Ave. of the Americas, NY, NY 11th Floor, New York, NY 10003. Cahana-Andrews at the princ. office of addr.: 145 E. 57th St., 11th Fl., NY, NY South, Apt 8B, NY, NY 10022. 10036. Purpose: Any lawful activity. Purpose: any lawful activity. the LLC. Purpose: Any lawful activity. 10022. Purpose: any lawful activity. Purpose: any lawful activity.
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PUBLIC & LEGAL NOTICES
Notice of Qualification of Pure Growth NOTICE OF FORMATION of 88 Classic, NOTICE OF FORMATION OF LIM- NOTICE OF FORMATION OF OFFICE Notice of Formation of 4800 Bear Road Partners LLC. Authority filed with LLC. Article of Organization filed with ITED LIABILITY COMPANY. NAME: FOR VISUAL AFFAIRS LLC. Arts of Operating Company, LLC. Arts. of Secy. of State of NY (“SSNY”) on the Secretary of State of NY (SSNY) JOGGLE MEDIA LLC. Articles of Org filed with the Secy of State of NY Org. filed with NY Dept. of State on 7/21/11. Office location: NY County. on 06/16/11. Office location: NY Organization were filed with the (SSNY) on 06/21/11. Office loc: NY 10/12/11. Office location: NY County. LLC formed in DE on 6/2/10. SSNY County. SSNY has been designated Secretary of State of New York County. SSNY designated as agent Sec. of State designated agent of LLC designated agent of LLC upon whom as agent upon whom process against (SSNY) on 09/23/11. The latest upon whom process may be served upon whom process against it may process against it may be served. it may be served. The Post Office date of dissolution is 12/31/2050. and shall mail process to: 299 be served and shall mail process to SSNY shall mail process to: Alison address to which the SSNY shall mail Office location: New York County. Broadway, Ste 1305, NY, NY 10007. the principal business addr.: 145 E. Newman, Alston & Bird LLP, 90 Park a copy of any process against the SSNY has been designated as Principal business address: 87 57th St., 11th Fl., NY, NY 10022. Avenue, NY, NY 10016. Bus. addr.: LLC served upon him is C/O Jason agent of the LLC upon whom Chrystie St, Ste 5B, NY, NY 10002. Purpose: any lawful activity. 575 Madison Ave., NY, NY 10022. DE White, 3340 Peachtree Road, N.E., process against it may be served. Purpose: any lawful acts. addr. of LLC: United Co. Services, Suite 2540 Tower Place, Atlanta, GA SSNY shall mail a copy of process Notice is hereby given that a license Inc., 874 Walker Road, Suite C, Dover, 30326. Date of Dissolution: n/a. to the LLC, 12 Desbrosses Street, Rule Of Three Design LLC. Arts. Of (#TBA) for LIQUOR has been applied DE 19904. Cert. of LLC filed with DE Purpose of LLC: to engage in any New York, New York 10013. Org. filed with NY Dept. of State on for by A&J LOUNGE LLC at retail, in Secy. of State, 401 Federal St., Dover, lawful act or activity. Street address Purpose: For any lawful purpose. 4/17/11. Office in NY County. SSNY a Restaurant, under the ABC Law at DE 19901. Purpose: any lawful activity. of Principal Business location is: 20 designated agent of LLC upon whom 186 DYKMAN ST., NY, NY 10040 for Pine Street, #606, N.Y., N.Y., 10005. NOTICE OF REGISTRATION of process against it may be served. on-premises consumption. NOTICE OF FORMATION OF Scan Fesnak and Associates, LLP (LLP). SSNY shall mail process to Dominic Studios LLC. Arts of Org filed with NOTICE OF FORMATION OF MOAKS Certificate of Registration filed with NY Ventura, 350 E. 52nd St. #6C, NY, NY Notice of Formation of Gotham Gas the Secy of State of NY (SSNY) on PLLC. Arts of Org filed with SSNY on Dept of State on 8/9/11. Principal 10022. Purpose: General. & Electric LLC. Arts. of Org. filed with 9/12/11. Office loc: NY Cty. SSNY 8/26/11. Office location: NY County. office located in New York County. Secy. of State of NY (SSNY) on has been designated as agent upon SSNY has been designated as agent The Secretary of State of NY (SSNY) Notice of formation of GASM.ORG 8/23/11. Office location: NY County. whom process may be served and upon whom process may be served is designated as agent of LLP for L.L.C., Arts. of Org. filed with Secy. SSNY designated as agent of LLC shall mail a copy of any process to and shall mail a copy of any process service of process. SSNY shall mail of State of NY (SSNY) on 3/24/11. upon whom process against it may the principal business address: 817 to the principal business address: 51 copy of any process to the LLP at its Office located in: NY County. SSNY be served. SSNY shall mail process Broadway, Suite 1019, New York, NY W. 69th St. #4D, NY, NY 10023. principal office: 1501 Broadway, 12th has been designated for service of to: The LLC, 10115 E Bell Road, Ste. 10006. Purpose: any lawful acts. Purpose: any lawful acts. Fl, New York, NY 10036. Purpose: process. SSNY shall mail copy of 107-405, Scottsdale, AZ 85260. Certified Public Accountancy. any process to: the LLC, 789 West Purpose: any lawful activity. Notice of Formation of 666 PH LLC. Notice of Formation of Jon Kilmer End Ave, 12B, NY, NY 10025. Arts. of Org. filed with Secy. of State Studios, LLC. Arts. of Org. filed with Notice of Formation of URSA Minor Purpose: Any lawful purpose. NOTICE OF FORMATION OF of NY (SSNY) on 08/25/11. Office NY Dept. of State on 10/20/2011. LLC Partners, LLC. Arts. of Org. filed with JASMONOIDES LLC. Arts of Org filed location: NY County. Princ. office of formation on 11/1/2011. Office location: Secy. of State of NY (SSNY) on NOTICE OF FORMATION of FGNY with the Secy of State of NY (SSNY) LLC: 666 Broadway, 12th Fl., NY, NY NY County. Sec. of State designated 08/26/11. Off. loc.: NY Co. SSNY 2847 Broadway, LLC, Arts of Org files on 06/27/11. Office loc: NY Cty. SSNY 10012. SSNY designated as agent of agent of LLC upon whom process designated as agent of LLC upon w SSNY on 6/29/10 in NY Co. SSNY designated as agent upon whom LLC upon whom process against it against it may be served and shall whom process against it may be designated as agent upon whom process may be served and shall mail may be served. SSNY shall mail mail process to: Jonathan W. Kilmer, served. SSNY shall mail process to process may be served and shall mail process to: c/o United States Corpo- process to Andrews Building Corp., 277 Ave. C, Apt. 7A, NY, NY 10009, the LLC, c/o Somin’s Hardware & a copy of any process to CSC, 80 ration Agents, Inc. 7014 13th Ave, Ste Attn: Eugene Andrews or Naomi regd. agent upon whom process may Bath, Attn: Beth Thornton, 421 Third State St., Albany, NY 12207. Principal 202 Bklyn, NY 11228. Principal busi- Cahana-Andrews at the princ. office of be served. Term: until 1/1/2041. Ave., New York, NY 10016. Purpose: bus. address: 2847 B’dway, NYC ness address: 330 East 38th St, NY, the LLC. Purpose: Any lawful activity. Purpose: all lawful purposes. any lawful act or activity. 10025. Purpose: any lawful act. NY 10016. Purpose: any lawful acts.
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November 7, 2011 | Crain’s New York Business | 21 20111107-NEWS--0022-NAT-CCI-CN_-- 11/4/2011 9:10 PM Page 1
Vets enter jobs market unarmed
Continued from Page 3 knew all too well, helping persuade need and how they should best ac- their strategies for hiring veterans. Congress of the need for a new vet- cess it.” The event was hosted by TMP erans jobs bill. One of the thornier issues facing FREE REIGN: Worldwide, a digital advertising Such a measure would seek to do returning vets is that many need Cyclists rule agency. everything from making transition more than jobs counseling. Of the the roadway “Hiring vets isn’t new to us,” said training mandatory,to providing tax more than 2.3 million who have re- during the tour. Tom Enright, senior vice president breaks for employers who hire vet- turned from Iraq to date, about 20% of TMP Government.“But in a slow erans.The bill is currently before the reported having post-traumatic economy, it’s tougher to match vet- Congress. stress disorder. Well-publicized at- erans to jobs if they don’t have the Locally, there’s action as well. tempts by the government to strip New course for tour requisite skills.” away the stigma associated with For years, the armed services PTSD and to encourage vets to seek have relied on three-day Transition ‘We should help were well-meaning. But they Continued from Page 2 May 6 event at Basketball City on Assistance Programs,which include backfired, according to some ex- Chairman Leonard Diamond. Pier 36. Some 30,000 riders will help in résumé writing and career not bring perts, by creating a connection in But the bike tour has a long way pick up their credentials at the expo, building. employers’ minds between veterans to go before it rivals the marathon. making it the largest such trade fair But many vets fail to sign up. veterans home and PTSD. Half of the marathon’s 46,000 run- in the country, according to Bike “We spend billions of dollars and People serving in the reserves ners come from abroad, compared New York. There will be music, live man-hours training the military, disorganized’ and the National Guard have the with just 4% of the 32,000 cyclists in entertainment and vendors selling and we’re totally OK with throwing hardest time finding jobs: 20% of the bike tour. About a third of the clothing, bikes, helmets and other that investment away,” said Tom them are jobless. Although federal bike tour’s participants live in New cycling products as well and volun- Tarantino, senior veteran lobbyist law requires employers to hold their York City,with the rest mostly from teers on hand to offer bike classes. for Iraq and Afghanistan Veterans posts open for them while they out-of-state. The organization just secured an- of America. “It’s not about encour- Recently, five big banks, including serve,many were unemployed when And the tour is limited to 32,000 other new source of revenue.The Ja- aging people to hire vets.Instead,it’s Goldman Sachs and Citigroup, they signed up. These military per- due to the course itself.In fact,a bot- maica Tourist Board—a sponsor of all about us taking a step back and formed Veterans on Wall Street and sonnel get little in the way of gov- tleneck on the Brooklyn Queens the tour—hired Bike New York to set figuring out why we got [a high vet committed themselves to hiring vets ernment assistance. Expressway last year was so bad that up a bike tour in Jamaica aimed at at- unemployment rate] in the first and educating other employers on “I don’t know what’s in the mind the organization issued an apology tracting more tourists to the island. place.” the value of doing so. of an employer, but I would have to to tour participants. But Mr. Podziba’s most immedi- Mr. Tarantino knows what he’s “We wouldn’t go to war disor- tell them that returning service To add excitement, Bike New ate goal is preparing for the city’s talking about. A vet himself, he was ganized, so we should not bring vet- members are well-disciplined and York in 2012 will produce the first ambitious bike share program. jobless for 10 months after leaving erans home disorganized,” said are leaders, managers, and they’re New York City Bike Expo, to take “It’s one of the reasons we are try- uniform in 2007. And that was de- Christine McMahon, chief execu- drug free,” said Col. Curt William- place over three days prior to the ing to improve our infrastructure,” spite his having led,as an Army cap- tive of Fedcap. “When they come son, human resources officer for the he said. “There will be a lot of peo- tain, a 400-man battalion in Iraq. home, they shouldn’t have to work New York State Division of Military LISTEN to a discussion at ple who don’t ride but want to. We CrainsNewYork.com/podcasts Ultimately, he got a job in a field he that hard to understand what they and Navy Affairs. Ⅲ teach people how to be confident.”Ⅲ
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22 | Crain’s New York Business | November 7, 2011 20111107-NEWS--0023-NAT-CCI-CN_-- 11/4/2011 9:19 PM Page 1
Queens Theatre Custom car shop skids into Ch. 7
Continued from Page 3 knowledges the theater’s out-of- and is currently under liquidation, the automobile trade group. “That in New Haven, Conn. He turned the-way location— in December,he Unique Autosports said its attorney, Samuel Kramer. [sector] was pulled back consider- that nonprofit’s annual deficit into a will launch a free trolley service to files for bankruptcy, “We determined this would be in ably because of the economy.” surplus. take people from restaurants the corporation’s best financial in- In its heyday,Unique Autosports He has big plans in Queens as throughout Queens to the theater a victim of recession terest,” said Mr. Kramer. had a star-studded clientele that in- well. The theater used to be known and back—he believes that if the The car-customization shop, cluded rapper 50 Cent, basketball for its ethnic festivals, which ap- theater has great work, people will famed for its installations of such star LeBron James and actress pealed to the borough’s diverse come, even from Manhattan. BY EMILY LAERMER automotive goodies as flat-panel Pamela Anderson. population. “Look at BAM. When they be- televisions and high-end stereos, In its bankruptcy filing, Unique Now, as it puts the finishing gan, the perception was that Brook- An autoshop to the stars based in has lots of company. According to a Autosports cited less than $50,000 touches on a $32 million renova- lyn was a dangerous, far-away Long Island City, Queens, is slam- director at the National Auto Sport in assets and between $100,001 and tion—including the addition of a place,” he said. “They turned that ming on the brakes. Association, the ranks of such “af- $500,000 in debts. In addition, two 70-seat cabaret room—it is more around.” Ⅲ Unique Autosports Inc.,the sub- ter-market” companies have been other companies owned by William than tripling the number of pro- ject of Speed Channel’s show halved in the past five years. Castro—Unique Autosports South grams it presents, helping to devel- LISTEN to a discussion at Unique Whips, filed for Chapter 7 “It’s a total nonessential,”said Joe Inc. and Facio Productions Inc.— op new material and bringing in CrainsNewYork.com/podcasts bankruptcy protection on Nov. 1 Casella, the Northeast director of filed for bankruptcy on Nov. 1. Ⅲ higher-profile shows. More nights of theater This season, Mr. Cullom’s first, the theater will offer more than 200 nights of public performances on its three stages,up from just 60 the pre- vious year. Playing right now for a 10-day run is S’Wonderful, a Gersh- win review produced by The Addams Family producer Eva Price. Next week,Mr.Cullom is planning to an- nounce a major new show with a fa- mous Broadway choreographer,and for which he is in talks with an im- portant potential sponsor. “The board is very focused on raising the profile of the theater,” SAVE ENERGY, SAVE CASH, said Frances Resheske, senior vice president of public affairs at Con Edison, who is chairman of Queens GREEN INCENTIVES Theatre. “We want to broaden our WITH demographics and our geographic reach.” Even with a string of successes, FOR MULTI-FAMILY BUILDINGS reinvention is no easy feat for a small institution that some people still EARN UP TO $20,000 TO GO GREEN! think is an outdoor amphitheater— thanks to its former name—rather than an indoor theater in a stunning Con Edison is offering incentives to In addition to energy management building with sweeping views of the owners and managers of multi-family systems and other heating controls, park. “They have a tough road ahead of buildings with 5 to 75 units, to help incentives are available for the following them, because the theater’s been cover the cost of upgrading to energy energy-efficiency improvements in kind of a sleepy nonpresence,” said Ms. Price. “I am not doubtful they management systems. common areas: will achieve their goals, but it will • Upgrades to high-efficiency heating take at least a season for the public The systems are an effective way to retrofit to know them better and become an existing building to be more energy systems enamored with what they are doing • Roof and heating pipe insulation out there.” efficient. They pay for themselves over time Mr. Cullom acknowledges the by offering better control over a building’s • Upgrades to high-efficiency fluorescent challenge, and he is in full restruc- lighting, occupancy sensors, and light- turing mode. When he started, he temperature and reducing energy costs. And cut the staff by 25%. He brought in Con Edison offers incentives that will help emitting diode (LED) exit signs new teams to handle marketing and • Premium efficiency motors for pumps and development—departments that cover the installation, making it an even the theater didn’t have before. He smarter investment. fans hopes to double the $3.5 million op- • Upgrades to high-efficiency central air erating budget over the next few Building owners can receive $6,000 to conditioning years by simply growing earned in- $20,000 in reimbursements for certain come.Currently,the theater’s budg- et is made up of 90% donations and upgrades, which typically cost between Incentives are also available for residents just 10% earned income; a healthy $15,000 and $25,000 to install. of individual apartments. ratio is 50-50. Sharing the limelight To bring in bigger shows, Mr. Cullom is relying on partnerships. LET THE GREEN TEAM show you how your For Chix 6, for example, the Neder- landers covered the production costs building can save energy and money. of the $1 million musical, while the Queens Theatre provided the ven- Visit conEd.com/greenteam or call 877-634-9443. ue, the marketing and the technical staff. Arranging such partnerships comes easily to Mr. Cullom because of his long history in the theater world. He used to work for Mr. Nederlander, for example. And though Mr. Cullom ac-
November 7, 2011 | Crain’s New York Business | 23 20111107-NEWS--0024-NAT-CCI-CN_-- 11/4/2011 7:44 PM Page 1
Health Council, which was weigh- ing approval of a nursing home in- Precarious Peninsula vestment by Ms.Zakheim’s Revival. According to transcripts of the Continued from Page 1 MetroCare filed a sexual harass- 2006 meeting,Susan Regan,a health would not have any involvement in ment lawsuit that became the sub- care lawyer who chaired the gather- Revival Home Health Care’s oper- ject of a lurid Village Voice story in ing, said she was “really troubled” by ations or finances—a commitment April 2004. He settled the case. Mr. Zakheim’s 2005 affidavit. that is still in effect. In November 2003, Mr. Zak- Ms. Regan said the council had Yet in recent months, Mr. Zak- heim was charged by the federal been “given an affidavit signed by a heim has participated in hiring government with making $32,500 person who has been convicted of Peninsula’s new executive team, has in illegal campaign contributions by failure to disclose his convictions; attended board meetings and appar- using employees as straw donors. who has signed his name on a fraud- ently is a source of financial backing Two weeks later, he was slapped ulent application; [who has been] for the hospital deal,Crain’s New York with a civil false-claims lawsuit al- convicted for election fraud for Business has learned.Indeed,Mr.Zak- leging that he participated in a $32 making illegal campaign contribu- buck ennis heim seems to be staging a come- million Medicare fraud scheme. tions;[who] has allegedly signed his WHAT’S AT STAKE: A community’s hospital, a thousand jobs, millions owed to creditors. back—not by violating any laws or Shortly after the Voice article name on fraudulent documents to past agreements, but by exploiting made his legal history public, Mr. Medicare.” loopholes in state rules to help ad- Zakheim stepped down as Trans- State law, she continued, forces Sept. 19 and negotiate to pay down with Revival Home Health Care— vance his plans for expansion in New Care’s COO. In August 2004, he the council to remove investors or its $70 million debt load. That in- as his affidavit promises—why York’s health care marketplace. agreed to a plea deal with the U.S. board members who run afoul of cludes about $12 million owed to might he be actively involved in “His game plan,which was relat- attorney’s office on the campaign- DOH regulations. “They don’t the largest secured creditor, 1199 running Peninsula? ed to me, is to use the hospital and fraud charges, which reportedly want bad guys running health care SEIU’s union-benefit funds, and “Active?” Mr. Miller responded. get it successful and integrate his re- were downgraded to a misde- facilities,” Ms. Regan said of the in- $1.1 million owed to the New York “I guess it’s how you define active.I sources to create a larger group of meanor. (The plea agreement was tent behind the law. City Water Board. know his wife is relying on his opin- health care entities,” said Dr. sealed by a magistrate.) Yet years after this episode, reg- DOH did not formally review ion for certain matters, and that’s a Ronald Gade, a hospital restructur- Given their regulatory concerns, ulators did not intervene in the the Peninsula deal because it main- credit to her.” ing expert who in September turned state Department of Health offi- Peninsula hospital deal,because Re- tains that no change in ownership He called the Zakheims “mis- down Revival’s offer to run Penin- cials paid particular attention to the vival is owned by Ms. Zakheim, and was involved as the hospital headed characterized. I know Steve, and I sula. “He spoke about the different allegations in the Medicare suit: state law demands that husband and into bankruptcy court. The agree- know Faye. It hurts when they have businesses he was getting into and that ambulance companies of which wife be treated as separate individu- ment installed Revival Home to defend themselves. At some how they would be interrelated.” Mr. Zakheim had been president als—even if one of them has legal Health Care’s former chief operat- point, let the past be the past.” Indeed, state records show that had charged Medicare tens of mil- woes. “If the stuff is in the wife’s ing officer,Mr.Miller,as Peninsula’s Rabbi Spitzer, the founder of Revival affiliates filed for certifi- lions of dollars, with his knowledge name, the state can’t say, ‘We don’t president. He directs all operations Revival Home Health Care, re- cates of incorporation for a pharma- and participation, for unnecessary like your husband,’ ” said a member of the hospital for a monthly salary mains a friend and business associ- cy business and for a home-based ambulance trips and resorted to of another DOH regulatory body, of $30,000. ate of Mr. Zakheim’s. infusion business within 11 days of fraud in an effort to prove that those the Public Health and Health Plan- While Mr.Zakheim promised in “Nobody should hold it against signing the Peninsula deal. trips were medically necessary. ning Council. “I don’t see what the 2005 not to have anything to do him that he is trying to save a hos- Mr. Zakheim said he is not doing The ambulance companies paid grounds would be unless [Mr.] Zak- with the operations of Revival pital,” he said “Warts and all, I don’t anything wrong and declined to talk the federal government $2.85 mil- heim had direct involvement.” Home Health Care, he is the long- know another man who is as chari- to Crain’s further for this story. “I lion last year to settle the civil false- In addition, not long after the time CEO of Gamzel LLC. That table as he is.” don’t think I can help you,” he said claims lawsuit. Such settlements are Peninsula deal was inked, DOH de- company shares an address with Rabbi Spitzer added that Mr. when asked about his role at Penin- common as an alternative to expen- termined that the rescue was an in- Gamzel NY Inc.,which is owned by Zakheim, as Faye Zakheim’s hus- sula and his plans for the institution. sive litigation. Mr. Zakheim denied vestment rather than a change in op- his wife and is the corporate entity band, has a right to know “how his “You’ve got your facts wrong.I’m not any wrongdoing in the settlement, erator. As a result, an official review that does business as Revival Home money is being spent.” going to help you ruin my life.” and he was not required to person- by state regulators was not required. Health Care. ally make any payment. Mr. Miller insisted that Mr. LAYOFFS ANNOUNCED PAST CONTROVERSIES Mr.Zakheim told Crain’slate last “GOD HELP US” Zakheim is not involved in Penin- month: “I didn’t do Medicare fraud sula’s affairs: “Steve’s wife, Faye, is There are practical and political Mr. Zakheim, 57, made his for- and was never charged. This is a Peninsula was a money-losing the owner and is the investor.He has reasons why the state did not inter- tune running several nursing homes witch hunt.” He referred all further 173-bed acute-care teaching hospi- no role here at the hospital. He has vene in Revival’s rescue of Peninsu- and an ambulance company called questions to his attorney,Peter Mil- tal when its board of directors filed no decision-making authority as it la. The move saved a hospital with MetroCare, which he sold to com- lock, a former general counsel for a closure notice with the state in Au- relates to the institution.” good-paying jobs in geographically petitor TransCare in 1999 for a re- the DOH who is now a partner at gust. Media coverage of the pro- isolated Far Rockaway,with its low- ported $42 million in cash. Mr. law firm Nixon Peabody. Mr. Mil- posed shutdown caught the eye of “I GUESS IT’S HOW YOU income eastern stretch. It meant Zakheim and longtime associate lock did not respond to several re- Revival executives. “We just DEFINE ACTIVE ” that creditors would stand some Todd Miller stayed on as the com- quests for comment. watched it unfold in the press and chance of recouping at least some of bined company’s chief operating of- wanted to do something to help,” Michael Kaminski, hired last their money, including the millions ficer and chief financial officer, re- NO “DIRECT OR INDIRECT said Mr.Miller,the Zakheims’long- month as Peninsula’s chief restruc- owed to union-benefit funds. The spectively.TransCare was New York INVOLVEMENT” time associate.“It didn’t make sense turing officer, told Crain’s not long deal also salvaged public debts: City’s largest for-profit ambulance to let the institution close.” after his appointment that he was Peninsula’s Industrial Development company when it filed for bankrupt- Mr. Zakheim’s pledge not to be A Revival attorney phoned interviewed by Mr. Miller and Mr. Agency bond for $750,000 and a cy in September 2002, burdened involved with Revival Home Peninsula board member Lou Cau- Zakheim, who, he said at the time, New York State Housing Finance with liabilities that exceeded assets Health Care stems not from the cig, setting in motion weeks of in- will “obviously be intimately in- Agency mortgage for $950,000. by nearly $50 million. It emerged Medicare case, but rather from his tense negotiations. After attending volved.” “At this point, I don’t fault the from Chapter 11 two years later. failure to disclose what the Village a 12-hour meeting at Peninsula on “I met with Steve and Todd and state or anybody for not getting in- Mr. Zakheim has long used his Voice article called a 1983 “misde- Aug. 22, Mr. Caucig told Crain’s was impressed with their honesty volved,” said Kenneth Raske, presi- wealth to fund charitable works. A meanor sex-abuse conviction” when that there were three potential buy- and integrity,” Mr. Kaminski said. dent of the Greater New York Hos- member of Brooklyn’s Orthodox he filled out state applications for ers for the hospital.“GOD help us,” “They are really committed to serv- pital Association. “These investors Jewish community,he married Faye nursing home ownership in 2003. he wrote in an email message. ing the Rockaway community. are no different from going to a during her last year at Brooklyn That omission came back to “There are 650 [full-time] jobs at Emotionally, they really wanted commercial bank.” College. The couple has five chil- haunt two years later, as DOH was stake and a much needed hospital.” Peninsula to survive.” Peninsula is still fighting for sur- dren, including triplets. reviewing the Zakheims’ request to On Sept. 1, Mr. Caucig and Dr. Gade, the hospital-restruc- vival.Close to 60 layoff notices were In 2005, Ms. Zakheim bought purchase Revival. In June 2005, the Peninsula’s board grabbed the life- turing expert, said he was asked by sent out in November. “We have to Revival, a home health care agency department asked Mr. Zakheim to line that Ms. Zakheim offered. It Messrs. Miller and Zakheim to run work our way out of our financial founded by Rabbi Jacob Spitzer of sign the affidavit stating that he accepted a proposal by Revival Ac- Peninsula but declined. situation,” Mr. Miller noted. Brooklyn to serve aging Holocaust would “not have any direct or indi- quisition Group and Revival Fund- “I met with Steve Zakheim,” re- He said that down the road, survivors and the larger Jewish com- rect involvement with the opera- ing Co.—affiliates of Revival Home called Dr. Gade, who is president of Peninsula might become a for-prof- munity.It now assists a broader pop- tion, management or control” of the Health Care—to provide an $8 mil- consulting firm Strategic Programs. it hospital: a change in status that ulation in the city and on Long Is- home care agency.He also agreed to lion line of credit and to assume lia- “He offered me any title I wanted.He would trigger a DOH review. For land. “Helping others has always refrain from taking any new owner- bilities of up to $27 million, in ex- told me he’s financing the purchase now, the business plan is to cut ex- been the foundation of our lives,” ship position in a nursing home change for control of the hospital. of the hospital. He’s a principal.” penses and add health care services Ms. Zakheim writes in her biogra- without a review by the department. Mr. Miller said that the affiliates Mr. Zakheim also has attended that will lure patients. phy on Revival’s website. She did DOH officials declined to com- are separate entities from Revival meetings at Peninsula, including “What we really need to do,”Mr. not respond to a request for com- ment for this story. But their 2005 Home Health Care. There is no board meetings. Mr. Miller conced- Miller said, “is make the hospital ment for this story. concerns about Mr.Zakheim’s prac- record that Mr. Zakheim has a legal ed last month that Mr. Zakheim relevant to the community.” Ⅲ Mr. Zakheim had his first public tices first came to light during an tie to either affiliate. “has been there when there have brush with controversy in July 2003, April 2006 committee meeting of a The deal cleared the way for been meetings with various people.” LISTEN to a discussion at when 10 female employees of body then known as the Public Peninsula to file for bankruptcy on If Mr. Zakheim is not involved CrainsNewYork.com/podcasts
24 | Crain’s New York Business | November 7, 2011 20111107-NEWS--0025-NAT-CCI-CN_-- 11/4/2011 2:20 PM Page 1
4.5% Expected rise in base compensation for IT pros in 2012 BUSINESS IVES Source: Robert Half International
HOT JOBS TIARA TIME: Executive Maria EXECUTIVE Aparo turns into a INBOX magical character on weekends. Anne Fisher CHIEF ENGINEER AGENCY New York City Department of Transportation Want healthier JOB DESCRIPTION Manage and employees? oversee operations in the Division of Traffic and Planning Offer prizes MOST IMPORTANT TASK Lead WITH THE EVER-MOUNTING COST development of fresh ideas to of health care a national improve traffic control obsession, it’s no surprise that CREDENTIALS NEEDED companies are looking for ways Management experience and a to encourage their employees to New York state professional engi- stay well. A major (and growing) neering license stumbling block: an epidemic of obesity, which can lead to other SALARY $115,000-$130,000 long-term health problems. RECRUITER Internal So most big companies have DOWNSIDE Proposals may draw formal wellness programs to criticism from community boards, inspire employees to drop excess citizens groups and media pounds. But how can a small company afford a wellness UPSIDE Opportunity to develop program? Enter HealthyWage, a innovative traffic control Manhattan startup that runs The city Department of contests whose winners get cash Transportation aims to prizes for meeting weight-loss provide safe, efficient and goals. environmentally responsible In October, HealthyWage movement of people and goods. announced the victors in its local —HELEN KWONG competition, dubbed the New York City Matchup: A team of five co-workers at hospital group Continuum Health Partners EXECUTIVE MOVES shared $10,000 in first-place prize money. The second- and Open Road Integrated third-place teams won $5,000 Media: Christopher and $3,000, respectively. Davis, 47, joined the Altogether, the winners lost more digital publishing and buck ennis multimedia content than 400 pounds over three company as executive GOTHAM GIGS months. vice president and It didn’t cost their employers chief operating officer. a dime. HealthyWage collected a He was previously senior vice president $60 registration fee from each of business operations at The AOL team member. That, plus funding Huffington Post Media Group. American Airlines: Patricia Ornst, 38, from sponsors and advertisers joined the airline carrier as regional Princess for Hire on the firm’s website, covered managing director, community and state the whole $18,000 tab. affairs for the Northeast. She was David Roddenberry, who previously vice president and director of Once upon a time in a land of skyscrapers lived a princess, Maria holds a bachelor’s degree in aviation at the New York City ‘When neuroscience from Harvard and a Economic Development Corp. Aparo. She traveled the city and graced the apartments of young master’s from the London CapStone Investments: Douglas I was children on their birthdays, bringing games, goodies and glitter. Livingston, 43, joined the investment She taught the young royals-in-training etiquette and crown School of Economics, started banking firm as chief compliance growing HealthyWage in 2008. officer. He was previously chief decorating. ¶ In reality, Ms. Aparo, 25, is vice president of New York “Lots of academic research compliance officer at Ixe Securities. up, Princess Party. During the week, she handles event coordination, shows that even a small cash Mark Sylvestri, 33, joined as an scheduling and budgeting; on weekends, she transforms into one of reward can triple the effect of investment banker. He was previously weight-loss programs, and that an industrial and transportation sector I wanted the company’s reigning performers—usually Mermaid Princess, fundamental equity analyst at SES people are more motivated when Partners. to be a Cinderella or Sleeping Beauty. ¶ An Atlanta native with a their own money is at stake,” Mr. ZenithOptimedia: Neil performing arts degree, Ms. Aparo joined the company in 2009 and Roddenberry noted. Ascher, 45, was mermaid’ has since made it her life’s focus, even turning her hall closet into a The trend toward wellness promoted to storage room packed with princess paraphernalia.The company incentives at big companies gave managing director him the idea to create schemes and president, booked 20 parties in October, its best month yet. ¶ Previously, Ms. diversified services for that small employers could use. its North America Aparo founded two production companies that specialize in casting, Employers agree: About 200 division, a newly production and location management. ¶ “When I was growing up, of them have signed up so far. created position. He will continue to there was a moment—before I realized it wasn’t a job option—that I oversee Convergence, the company’s HAS YOUR COMPANY taken steps to dedicated unit for General Mills, and wanted to be a mermaid,” she said. “It’s ironic how it’s come full help employees get healthier? Tell us at See EXECUTIVE MOVES on Page 26 circle.” —rebecca olles www.crainsnewyork.com/execinbox.
November 7, 2011 | Crain’s New York Business | 25 20111107-NEWS--0026,0027-NAT-CCI-CN_-- 11/4/2011 2:22 PM Page 1 chemex / RÉSUMÉ REVIEW flickr.com Architect designs growth Is your job search all it could be? We ask the experts. We had been up to 80 architects in thing we didn’t go into lightly. We With Barclays Center 2008, but we reduced down to 60 at took the lead on the design. I’m sure NAME MARTIN SCHWARTZ under his belt, time the bottom. It has really come back. at first it was difficult for everyone, SUMMARY We have always been fairly diversi- but we really did work together well. Business relationship builder to go for a skyscraper fied, but we pushed more into inter- national business in the last couple Were you a Nets fan? PROFESSIONAL EXPERIENCE of years. I am now. As a Bronx boy, I was SMZS Design Consultants, BY THERESA AGOVINO We also started SHoP a Yankees, Rangers, Giants, 1996-present Construction, which Knicks fan. I’ll still go to Chief executive HoP Architects was found- works with contractors Knicks games. Expanded new business by 200% for Summit Financial Resources; ed 15 years ago by Gregg and manufacturers, and developed marketing strategy that resulted in magazine circulation of Pasquarelli and four friends even other architects, to How important is sustainability more than 25,000 with the intention of meld- use cutting-edge technol- to what you design? Elizabeth Presbyterian Center Inc., 2004-2005 Sing efficiency and great design. ogy to reduce construction It’s very important, but it has President of marketing and development The firm now has 90 architects costs. to go beyond just sustain- Increased donor base to 6,800 from 300 in 12 months while chairing working on $2 billion worth of projects We are working on some able bling like solar management team for startup minority social service agency; raised around the globe.Its imprint on New large projects with a panels. I think $200,000 in one year for capital campaign York has been dramatic and is primed lot of affordable the most sus- to become housing, so we tainable thing EDUCATION even more want to see how we can do as de- Pratt Institute, A.A.S., advertising and design pronounced. we can use signers is to Rockland Community College, A.A.S., graphic design Construc- technology to build buildings Résumé appears in condensed form. MOVERS & tion of the get beyond that people love. SHAKERS controversial the tradi- That way,we are EXPERT ADVICE Barclays Cen- tional mo- not tearing them Using powerful language to describe accomplishments is critical in a Gregg ter—the fu- notonous down every 20 or competitive market. Martin does this well. Consistency in message is also ture home of facades 30 years. important, and that is his biggest challenge. It is not clear what Martin Pasquarelli the Brooklyn [of afford- wants to be: a marketer or a fundraiser. When this is left up to the reader to Nets—at At- able hous- This is a city noted for figure out, candidates risk not being taken seriously. If fundraising is the lantic Yards is on track and slated to ing]. its skyscrapers. Is it a goal, then Martin should define what he has done at SMZS Design open next year.The first three blocks goal to design one? Consultants to support this goal. His professional affiliations are great, but of the 1.8-mile portion of the East You were the third I would love to do there is no indication as to his commitment or level of involvement. His River Esplanade that SHoP de- firm brought in to an 80- or 90-story education is also a little confusing, as he appears to have two separate signed opened earlier this year. work on the building, and we degrees with almost the same major. Designs for affordable-housing Barclays Center, are just getting to —roy cohen, career counselor and executive coach developments at Atlantic Yards and and you had to fix the point where Hunter’s Point South are expected the design of the people are con- To contact this candidate or to be featured in “Résumé Review,” e-mail us by the end of the year. second firm. What sidering us. I’m at [email protected]. was that like? only 46. There’s How did the firm weather the recession? It was some- time. Ⅲ
buck ennis EXECUTIVE MOVES improvement division in North America. Lori A. Catapano, 36, was promoted to Santhosh Aravindakshan, 37, joined as East Coast development, at MTV. RealDirect: Neila Deen, 37, joined the audit partner, food and beverage services senior director of platform consolidation. Seward & Kissel: Nick Katsanos, 36, was real estate brokerage firm as director of group. She was previously a senior audit He was previously director of promoted to counsel at the law firm. He Continued from Page 25 sales and business development. She was manager. application development at MetLife Inc. was previously an associate. The Program Exchange. He was previously director of sales and project SRS Real Estate Partners: Brandon L. ID Media: Ken CapitalSource: Mark Silverstein, 42, previously the president of The Program manager at The Marketing Directors Inc. Singer, 26, joined the real estate Cervantes, 38, joined joined the commercial lender as Exchange. Quinn Emanuel Urquhart & Sullivan: brokerage firm as first vice president. He the direct and digital managing director, real estate group. He Sean Peters, 29, was promoted to senior Andrew Schapiro, 48, joined the law firm was previously a senior director at media agency as vice was previously a managing director at vice president. He was previously vice as partner. He was previously a partner at Robert K. Futterman & Associates. president, account Credit Suisse. president. Mayer Brown. Truveris Inc.: Bryan Birch, 46, joined the director. He was Kidz Bop: Daniel Wilmer, 40, joined the AlixPartners: Patrick M. Byrne, 59, joined Holtz Rubenstein health care cost management company previously vice music brand as senior vice president of the global business advisory firm as Reminick: John as chairman, president and chief president, group media digital media. He was previously a managing director and co-leader of the Ingrassia, 42, joined executive. He was previously chairman, director at Starcom general manager at Everyday Health. enterprise improvement division. He the accounting firm as president and chief executive of MediaVest Group. Campfire: Ilene Joel, 30, joined the was previously an operating partner at tax director. He was Touchstone Health Plans. Baker & McKenzie: Ricardo S. Martinez, marketing agency as art director. She TowerBrook Partners. previously a tax SSG Capital Advisors: 39, joined the law firm as partner. He was previously an art director at VML. Stephen M. Deedy, 51, was promoted to manager at J.H. Cohn. Teresa Kohl, 42, joined was previously a partner at SNR Denton. The Town School: Adam D. Hammerman, managing director and co-leader of the Paul E. Becht, 38, was the investment bank Gannett Co.: Marjorie Magner, 62, was 40, joined the elementary day school as information management services promoted to audit as director. She was named nonexecutive chairman of the director of finance and operations. He division. He was previously a managing partner, debt collection services group. previously a senior media company. She will continue as was previously director of support director and co-leader of the enterprise He had been a senior audit manager. consultant at Bridge managing partner of Brysam Global operations, life safety and security at the Associates. Partners and as an independent director 92nd Street Y. Sterling Infosystems at Gannett Co. MorrisAnderson: CORPORATE LADDER Inc.: Adrian Iosifescu, MARS Advertising Inc.: Peter Viento, 48, Deborah Hicks 61, joined the employment screening joined the shopper marketing firm as Midanek, 56, was and due diligence firm as chief executive creative director. He was appointed to the CLIMBING THE CREATIVITY LADDER technology officer. He was previously previously executive creative director at board of directors at chief technology officer at iLevel Saatchi and Saatchi X Worldwide. the financial and ALASDAIR LLOYD-JONES, 45, was named partner Solutions. Dyson College of Arts and Sciences, operational advisory and chief operating officer at Big Spaceship. In Jordan Grossman, 32, joined as chief Performing Arts Department at Pace firm. She continues as these newly created roles, Mr. Lloyd-Jones will marketing officer. He was previously a University: Jorge Luis Cacheiro, 54, was president of Solon be responsible for overseeing the strategic marketing strategy consultant at Rosetta appointed chair of the department. He Group. vision for the digital creative agency, Marketing Group. is a founder and previously first director The Broadsmoore Group: Samuel Ross, 26, developing new practices and leading the core Thomas Christenson, 39, joined as senior of the New Works Initiative at joined the investment advisory and vice president, global operations. He was Montclair State University. merchant banking firm as a vice management team. previously chief operating officer of Padilla Speer Beardsley: Greg Tarmin, president. He was previously an Before joining the agency, he was co- Xerox Total Benefits Outsourcing Inc. 50, joined the integrated associate at Stein Farkas & Schwartz. president and chief strategic officer at Cutwater, Asif K. Ahmed, 30, joined as vice communications firm as senior vice —callie eidler a San Francisco agency. Other agency gigs president, global technology operations. president and managing director. He EXECUTIVE PROMOTIONS include director-level posts at Publicis, Ogilvy & He was previously vice president, was previously a senior vice president at Mather and Deutsch, which allowed him to work network infrastructure, at iQor Inc. Cohn & Wolfe. The fastest way to get an announcement into Gigantic! Productions: across many markets, such as Europe, Asia and Thomas Klein, 29, joined as vice George McTeague, Crain’s is to submit online. Fill out the form president, corporate development. He 40, joined the production company as at www.crainsnewyork.com/section/ North America. —CALLIE EIDLER was previously an associate at Calera senior vice president of production and executive_moves. The Executive Moves column Capital Partners. development. He had been vice president, is also available online.
26 | Crain’s New York Business | November 7, 2011 20111107-NEWS--0026,0027-NAT-CCI-CN_-- 11/4/2011 2:22 PM Page 2 chemex / INSATIABLE CRITIC free conference will examine
flickr.com Gael Greene THE transportation challenges, address long- standing transportation debates and identify ambitious solutions that enhance the economy, safety and WEEK accessibility of metropolitan New York. Innovations in transportation technology will also be highlighted. The A taste of Prague AHEAD conference will be held at the college, 899 10th Ave., from 9 a.m. to 3 p.m. To get more information and to register, NOV. 14-20 visit www.eventbrite.com/ and Bohemia event/2357302756. CONFERENCES NETWORKING RECEPTIONS Hospoda is big on AND SEMINARS TUESDAY, NOVEMBER 15 MONDAY, NOVEMBER 14 NETWORKING FOR PROFESSIONALS invites beer and tidbits, if you INVENTORS ASSOCIATION OF MANHATTAN you to its “Shakers and Stirrers” business invites you to “What Makes a networking event. The event will take WHAT SHE’S like that sort of thing Difference on TV.” Instructor Peter place at O’Brien’s Irish Pub and Aronow will share his experience Restaurant, 134 W. 46th St., from READING was excited to see a Czech creating and producing DRTV long- 6 p.m. to 8 p.m. Tickets are $10 for restaurant land on East 73rd and short-form programs. The event members and $15 for nonmembers in EVEN CHARLOTTE REED’S leisure Street.Reading about Hospo- will take place at The Midtown advance, or $20 for all at the door (cash hours are filled with animal lore. da installed in the Bohemian Executive Club, 40 W. 45th St., only). To get more information and to Priestley Room, from 6:30 p.m. to 9:30 register, visit . The pet expert, who has offered buck ennis www.manhattancc.org National Hall brought back her advice on our four-footed and EYE APPEAL: Slices of lamb p.m. Tickets are $17.50 in advance and Imemories of small, old-fashioned $25 at the door. To get more WEDNESDAY, NOVEMBER 16 feathered companions on The Eastern European places dotting the information and to register, visit NEW YORK EXPO presents its “Sixth View and Today, is reading Upper East Side when I first came to www.manhattancc.org or email Annual New York XPO for Business” Ptolemy Tompkins’ The Divine Life the city. Praha, TikTak, Old Hun- HOSPODA [email protected]. networking conference. The event will 321 E. 73rd St. of Animals: One Man’s Quest to gary, Budapest, Café Hindenburg. bring together business owners and Discover Whether the Souls of Still, I know I’m heading for a (212) 861-1038 MONDAY, NOVEMBER 14 professionals for networking, seminars www.hospodanyc.com The Peoples Improv Theater presents and exhibits and will take place at the Animals Live On. Czech restaurant where craft beer is SMALL BUSINESS SPEAKING AND “People are really developing a theme,and we’re not in 1960s New Jacob K. Javits Convention Center, 655 NETWORKING SKILLS with instructor W. 34th St., from 7:30 a.m. to 6:30 p.m. stronger attachments to York anymore, Toto. Tommy Galan. Attendees will learn how To get more information, including animals,” said Ms. Reed, a former The large square room is paneled CUISINE Czech/gastro pub to overcome stage fright and use the registration fees, and to register, visit Wall Street lawyer. “For a lot of with contemporary graffiti—actual- PRICE RANGE Two plates $32; tools of improvisation to present www.eventmanagement.org/newyork/ people, knowing that an animal ly,“cutting edge”illustrations and hu- three plates $45 themselves with confidence and poise. index.php or call (866) 443-8368. has a soul or that they’ll see them morous hyperbole by Jakub Matuška SERVING Dinner Mon.-Sat. The event will take place at Simple in dark panels lit from within.There’s Studios, 134 W. 29th St., second floor, CULTURAL EVENTS again is actually comforting.” RESERVATIONS Recommended from 7 p.m. to 10 p.m. The cost to TUESDAY, NOVEMBER 15 The questions raised in the something quite winning about it, a CARNEGIE HALL feeling that we can’t possibly be in NOISE LEVEL Can be raucous attend is $25 for Manhattan Chamber presents The New York book could apply to Ms. Reed’s New York. It’s the Bohemian doings of Commerce members and $50 for Pops in “Cheyenne Jackson’s Cocktail own life, as she has five dogs, two I can’t wait to return. nonmembers. To get more information Hour: Music of the Mad Men Era.” Star behind the hidden door, the accents, cats and one bird. I will definitely go back. and to register, call (516) 770-1842 or of Broadway, Glee and 30 Rock, the scent of hops, the wraparound visit www.thepit-nyc.com/classes. Cheyenne Jackson will perform the When she’s not reading about sketches on brown fabric. I’ll let them simmer awhile. swinging tunes of the 1950s and 1960s. pets, Ms. Reed sharpens her As we study the menu, a waitress NO HATS Never again. THURSDAY, NOVEMBER 17 The performance will take place at the cooking skills with Vietnamese brings bread—a remarkable sour Join Roy Fenichel Esq. for GREEN Stern Auditorium, Perelman Stage, 57th recipes she finds online and in rye—thickly sliced and smeared BUILDINGS: THE FUTURE IS NOW, a free Street and Seventh Avenue, at 8 p.m. her cookbook collection. with creamy white cottage cheese, another puree—is the best of the four accredited continuing legal education Tickets prices range from $18.50 to —ADRIANNE PASQUARELLI sprinkled with chive.And four small Czech specialties. I agree with my class for lawyers. The course will provide $108. To purchase tickets and to get a comprehensive review and analysis of more information, call (212) 247-7800 sandwiches of steak tartare tucked friend, who finds the duck “almost the impact of buildings on the or visit www.carnegiehall.org. between crunchy crackers.Amazing good,” and the Styrofoam dump- environment, the legal and public policy Pick MILLER THEATRE AT COLUMBIA beef. Awesome rye. lings unspeakable. Rare slices of reasons for green buildings, rating WEDNESDAY, NOVEMBER 16 UNIVERSITY continues its 2011-12 jazz Sadly, the warm, foamy splashes HOUSING WORKS of the lamb atop shredded lamb shank on standards and agencies that have been invites week season with a performance by the of beer brewed by Draft Master squash puree have more eye appeal created to rate green buildings, and you to its eighth annual Renee Rosnes Quartet. Pianist Renee Lukas Svoboda and delivered by the than poached flatiron beef buried other related issues. The class will be “Fashion for Action” fall Rosnes headlines the show, which will sommelier in small roly-poly glass- under a thick drift of cream sauce. held at Bank of America, 50 Rockefeller fundraiser. Guests will be the first to include several original works for es are wasted on us.This may be the Hospoda isn’t that expensive,just Plaza, fifth floor, from 8:30 a.m. to shop 150 brands at the event, which will quartet. The performance will take place champagne of unbottled beer, but $16 a small plate. The chef ’s seven- noon. To register, call (646) 695-7925 benefit Housing Works’ HIV and AIDS at the Miller Theatre, 2960 Broadway or email [email protected]. prevention and health care services for I’ve never tasted a beer I could drink. course tasting is $88. The service is (at 116th Street), at 8 p.m. Tickets are low-income families and the homeless. $25 for general admission, $7 for The sommelier good-naturedly erratic, sometimes graceful, some- THURSDAY, NOVEMBER 17 The event will take place at The Altman Columbia University students and $15 takes our wine order. times scatterbrained, sometimes dis- THE NATIONAL ASSOCIATION OF WOMEN Building, 135 W. 18th St., from 6 p.m. BUSINESS OWNERS for all other students. To purchase Given the Consulate General of appeared. Be careful ordering wines; presents “The to 9 p.m. Tickets to attend the tickets and to get more information, call the Czech Republic upstairs and some half-glasses cost $8. And you Business of Growing Your Business: reception start at $150. To purchase (212) 854-7799 or visit brewery vats below (visible through might find yourself plotting to stop How to Thrive in Good Times and Bad,” tickets and to get more information, www.millertheatre.com. a large glass square in the rich inlaid- somewhere for a hamburger after an entrepreneurs’ roundtable. The panel visit www.fashionforaction.com. —suzanne panara wood floor), I am expecting pork dinner. Still, Hospoda is definitely a will focus on action steps that businesses can take to achieve growth. Attendees shank, goulash and stuffed cabbage. success on its own terms as defined will also have the opportunity to receive Not these tortured little tidbits on its website: to “craft the freshest personalized advice for business success arranged so coyly on the plate. locally sourced ingredients into deli- during the question-and-answer portion Scatterings of Prague-style ham ciously inventive meals that unite of the evening following the presentation. are fine, but give me horseradish both Old and New Worlds.” The roundtable will take place at Morgan cream, not tasteless foam, please. Executive chef Oldrich Sahaj- Stanley Smith Barney, 31 W. 52nd St., The variations of potato—boiled, dak, from a restaurant empire in 24th floor, from 5:30 p.m. to 7:30 p.m. mashed, fried chips, with cottage Prague that owns this outpost, up- Tickets are $20 for members and $35 for cheese,milk skin,purslane and lovage dated the recipes and left chef de nonmembers in advance, or $35 for members and $50 for nonmembers at oil—are fussily arranged but actually cuisine Marek Sada to deliver them. the door (cash only). To get details and good.I find market vegetables—zuc- It’s Sada’s first time in New York. to register, call (212) 252-1100 or visit chini, mushrooms, peppers—edible. He’s learning English. He and his www.nawbonyc.org. The friend who ordered them is de- wife eat out together when they can. lighted.I’m happy for her.Deep-fry- I would never go back, but the FRIDAY, NOVEMBER 18 ing a whole soft-boiled egg, planting couple we came with has already Manhattan Borough President Scott Stringer and the John Jay College of it in cauliflower puree with scattered booked to return. “I liked both my TRANSPORTATION chanterelles sounds like hopeless van- dishes,” my friend explains. “I like Criminal Justice present 2030: A FIVE BOROUGH BLUEPRINT. The ity.Yet I’m taking a second bite, and a feeling that I’m not in New York.” third—a pushover for runny egg yolk. To view Crain’s classified events listings, go Freshly smoked beef tongue— Copyright © 2011 by Gael Greene. to www.crainsnewyork.com/events two thick logs on a bicolor swirl of yet Syndicated by www.insatiable-critic.com.
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