john kuczala 0 71486 01068 5 04 VOL. XXX,NO.4 NEWSPAPER some in-vitro leather some in-vitro Butfirst, production. for test-tubemeat as anaturalcenter NYC Biotech targets CRAIN’S WWW.CRAINSNEWYORK.COM Shmeat market E OKBUSINESS YORK NEW in New York. scenes ofthefashionandculinary come part products be- thatthecompanyhopeswill leather andin-vitro meat—biofabricated thatgrows startup test-tube a futuristic of maysoonbetheheadquarters Brooklyn BY MATTHEW FLAMM Tissue-engineering pioneerModern Tissue-engineering LIST THE expectations PAGEexpectations 17 for roomscontinues to exceed keep gettingbigger. Yet demand NYC’S HOTELS LARGEST rnlcn ssl.Farther down theroad assilk. translucent asabootsoleorthinand be asthick two tobeginproducing leatherthatcould That’s where itaimsover thenextyearor Army attheBrooklyn cility Terminal. up to10,000square attheBioBAT feet fa- innegotiationstolease is in asci-fimovie, soundslikeitbelongs only which Meadow, ® e HETonPage21 See SHMEAT FPO airlines addflights airlines and barshostbashes; hotels apartments; Residents rent keys tobank’s strategy smaller branchesare St.presenceand Wall expansion pushes NY Wells Fargo drive heredrive andnotspendthenight,but wefigured mostpeoplewould land, Bowl. Super from $165to$300: price bumpupthenightly he expectswill words tohisHomeAway listingthat thathe little added two though, until lastweek, wasn’t basis.It porary onatem- since July brownstone hattan, Man- ton Heights, ment ofhisHamil- out theone-bedroom gardenapart- hasbeenrenting Matthews Michael AND LISAFICKENSCHER BY ADRIANNEPASQUARELLI and is experimenting with new kinds withnew and isexperimenting operation capital-markets formidable assembleda quietly York businesses, New ships withsmallandmidsize ofbankerstocultivaterelation- dozens Ithashired tostir. giant isstarting Francisco theSan a fire-sale price, whenitacquired the city Wachovia at ontheBigApple. has itseyes exceptNew York,about everywhere thebankthat’s bigjust Wells Fargo, ELSTEIN BY AARON is flowing Bowl cash that Super Where all “If theteamswere from“If Eng- New Five years after gainingatoeholdin yearsafter Five JANUARY 27-FEBRUARY 2,2014 PRICE:$3.00 e EL FARGO onPage24 See WELLS e AEDYonPage21 DAY See GAME These doggy BUSINESS cat’s meow day-cares SMALL PAGE 4 PAGE 15 CASH THAN MORE TAKES GAME BIG TO TIX SCORING REPORT SUPER BOWL are the EDITOR’S NOTE

What ails them FYICRAINSNEWYORK.COM

The guest speakers at our Business of Restaurants event last week Cuomo draws wasted no time dishing on Mayor Bill de Blasio’s proposed expansion pre-K battle lines of the city’s new paid-sick-days law with de Blasio to small businesses with as few as five employees, from the current 20- ov. Andrew Cuomo’s offer last week to fund Mayor Glenn Coleman worker floor, to start April 1. It’ll surely be a bookkeeping burden— Bill de Blasio’s universal G charles eckert especially if ex-employees get pre-K program with “whatever multiyear legal windows to sue for past sick time they the mayor needs” was intended to undercut Mr. de Blasio’s call to hike taxes on households say they’re owed—but ultimately, the customer will earning more than $500,000. Normally, city officials go hat in hand to the state capital asking for eat the cost of a law that adds a 53rd week to a funding. But Mr. de Blasio rejected the offer. In doing so, he hardened the battle lines of a fight shopkeeper’s 52-week payroll. “I can’t see any way of that is as much about politics as it is public policy—specifically, the power of the city’s ascendant paying for sick days other than raising prices,” said progressives to flex their muscles in Albany against a popular governor running for re-election. Schnipper Quality Kitchen’s Andrew Schnipper. He Expect universal pre-K to be the premier event of the state budget season now underway. estimated that picking up the tab for five paid days off After his budget address last week, Mr. Cuomo cast the mayor’s tax plan as politically—not for each of his 200 employees will cost his chain of fiscally—motivated, and said it would be unfair to smaller cities that aren’t magnets for quick-casual eateries $50,000 to $100,000 per millionaires. (He ignored the obvious rejoinder: that a tax would leave more money for upstate.) restaurant annually.“Everybody’s going to take their Mr. Cuomo’s veto power ensures that he will be able to say no to Mr. de Blasio’s allies in five days,” predicted former corporate attorney Albany, specifically Assembly Speaker Sheldon Silver, who favors the tax. One question that Matthew Glazier, now president of his family’s remains unanswered: What will the governor need to persuade Mr. Silver to pass Mr. Cuomo’s Glazier Group, creators of the swank Strip House tax-cutting budget before the April 1 start of the state’s fiscal year? chain of steak joints. “Legislators don’t understand what it’s like to work in these industries.” Maybe that’s A NEW NEST FOR TWITTER. Microblog- the last six months it printed. … because so few of the City Council’s 51 members have ging site Twitter snatched 140,000 CUOMO, SCHNEIDERMAN SPLIT HOORAY! spent a day of their working lives in any private square feet in Chelsea for its new SPOILS. Gov. Andrew Cuomo and OF THE 10 U.S. SCHOOLS with the top Manhattan headquarters. This Attorney General Eric Schneider- SAT/ACT scores, four are in NYC, enterprise. What would our paid-sick-days law look comes after its deal in the East Vil- man agreed to split the $163 million according to Niche, a K-12 analysis site. like if a majority of the council had, say, restaurant lage at 51 Astor Place fell through af- that the state received from a settle- experience on their résumés? I worked as a waiter and ter computer giant IBM leased that ment with JPMorgan Chase & Co. office space. Twitter moved into its over mortgage-backed securities. manager in establishments where drug and alcohol current space at 340 Madison Ave.in Half will go to the governor’s office, abuse was so rampant there might as well have been a 2011.… BIXI PEDALS INTO BANKRUPT- where it will be used for mortgage re- special “pairing menu.” I can assure you this law CY. The Montreal-based company lief and housing programs. The rest should not be as generously written as it is. It assumes that designed the bikes and solar- will be used by the attorney general’s powered docking stations for Citi office for an anti-foreclosure pro- that no worker ever does wrong—that no waiter with Bike filed for bankruptcy in Canada. gram (see Alair Townsend, Page 13). OY VEY! a hangover or hostess with a casting call would ever Despite the success of bike-sharing … LENOVO SNAGS IBM SERVER. Chi- SNOW phone in sick an hour before the brunch shift. Mr. programs across the world, Bixi has nese computer maker Lenovo has EQUIPMENT Glazier estimated that maybe 20% of a restaurant’s debt of more than $46 million. New purchased IBM Corp.’s money-los- shattered a York City and Chica- ing server business panel at the total workforce takes advantage of the rules. Much as Apple Store’s go contributed to ‘The cardigan for $2.3 billion— Fifth Avenue I cherish my restaurant pals, I’d say he had it low. Bixi’s financial woes China’s largest tech flagship. by withholding pay- invites deal ever. A decade ments totaling more comparisons ago, Lenovo pur- THIS WEEK IN CRAIN’S than $5 million be- chased IBM’s strug- cause of software to hideous gling ThinkPad busi- bloomberg news problems with the ness for $1.75 billion SMALL BUSINESS ------4 bike stations. … Christmas and transformed it tablished for Dow Jones. William NEWSWEEK STOPS IN THE BOROUGHS------4 sweaters’ into one of the world’s Lewis,News Corp.’s chief creative of- PRESSES. Newsweek leading PC makers.... ficer, will replace him on an interim DIGITAL NY------—Cathy Horyn, 6 has delayed the re- DOW JONES CEO basis. … CITY’S FIRST LADY TAKES fashion critic for The DEPARTS. FIRST STEP. IN THE MARKETS------6 launch of its print New York Times, Chief Ex- Chirlane McCray tapped edition to March ecutive Len Fenwick a former top aide to the Rev.Al Sharp- THE INSIDER ------8 commenting on the 7 from January. U.S. Olympic left Dow Jones after ton as her chief of staff.Rachel Noerd- EDITORIAL------12 The news mag- team’s uniforms less than two years on linger will be pulling in $170,000 a azine, which for Sochi, the job. Parent com- year, on par with many of Mayor Bill ALAIR TOWNSEND ------13 went all-digital designed by Ralph pany News Corp. is de Blasio’s top staffers. The hire was GREG DAVID------13 at the end of Lauren reviewing the price- seen by political observers as a sign of 2012, is aiming bundling structure Ms. McCray’s yet-to-be-announced REAL ESTATE DEALS------14 for 100,000 subscribers in its first for DJX, the news and information role in her husband’s administration. REPORT: SUPER BOWL------15 GOTHAM GIGS year; it averaged 1.4 million during services product that Mr. Fenwick es- —emily laermer CLASSIFIEDS ------lauren ralph Oumy Diaw is a self-created 19 Champagne sommelier. P. 9 NEW YORK, NEW YORK ------25 STORIES TO WATCH THIS WEEK vol. xxx, no. 4, january 27, 2014—Crain’s New York Business (ISSN 8756-789x) is published weekly,except for double issues the weeks of June 23,July 7,July 21,Aug.4,Aug.18 and Dec. 22, by Crain Communications Inc., 711Third Ave., New York, NY 10017. Periodicals postage paid at New York,N.Y.,and additional mailing offices.Postmaster: Send address changes to: Jan. 28: Crain’s Feb. 1: Maria Feb. 2: Super Feb. 2: 15th Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, Business Breakfast Bartiromo joins Bowl XLVIII at annual Chinatown MI 48207-2912. for subscriber service: Call (877) 824-9379. Fax (313) 446-6777. $3.00 a copy, $99.95 one Forum: Meet New Fox Business MetLife Stadium Lunar New Year year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2014 by Crain Communications Inc. All rights reserved. York’s Borough Network. Parade and Festival Presidents

2 | Crain’s New York Business | January 27, 2014 7-Eleven woos a tough crowd Cuomo’s budget Expanding chain caters to skeptical spreads urban market with specialized amenities wealth

BY ADRIANNE PASQUARELLI Guv offers tax cuts New Yorkers are notoriously hard to and goodies galore, please—and when it comes to but watchdogs call 7-Eleven, the suburban strip-mall staple known for its Slurpees and his surplus uncertain orange-and-green logo,they’ve been especially scornful. But the convenience-store chain is aiming to BY THORNTON MCENERY win over the tough crowd by adding amenities tailor-made for urbanites, Gov. Andrew Cuomo’s new budget from digital machines that copy keys is a diverse stack of policy trading to Amazon package pickups. NOT JUST SLURPEES cards that he can strategically deal “We have to stay on top of what out in the swap meet that is Albany’s the consumer wants,” said Margaret LIGHTS OUT: Specially coated legislative session. In an election Chabris, director of public relations awnings reduce the glare from year, the governor is looking to en- at Dallas-based 7-Eleven.“Our ulti- obnoxious fluorescent lights. act an unusually broad package of mate goal is to provide products and FANCY FARE: Craft beer and reforms. services that solve the everyday employee-served coffee attract a Mr. Cuomo last week unveiled a problems for our customers in mak- wealthier clientele. $137.2 billion spending plan that ing their lives better. ” increases the state’s operating budg- The company,which was found- PICKUP: Customers can collect et by $1.5 billion—or 1.7%—and ed in 1927, is making a big bet that their Amazon packages 24/7. seems to have something for every- that customer is in Manhattan. KEYED IN: Key-making kiosks one: upstate manufacturers, New Though the chain has been in the (left) help solve the urban York City apartment renters,educa- outer boroughs for decades, it nightmare of lockouts. tion activists, nanotechnologists,

See 7-ELEVEN on Page 23 711courtesy of See GUV on Page 23

January 27, 2014 | Crain’s New York Business | 3 SMALL BUSINESS IN THE BOROUGHS MANHATTAN Locals, pols fear desk shortage Downtown population surge fuels worries of classroom shortfall

BY JOE ANUTA

A renewed surge in the develop- ment of residential units in lower BARKING UP THE RIGHT Manhattan is rekindling fears of a TREE: Mitch Marrow is shortage of seats at the area’s planning to expand Spot schools. Experience into new high-end buildings. Despite the construction of two new elementary schools in the past decade and two more in the

buck ennis pipeline—a total of nearly 2,000 seats—area residents and lawmak- ers insist that the city is not doing enough to keep up with the popula- tion boom, and that the situation Tails wag for doggy day care will take a marked turn for the worse as soon as next year. “Construction of schools is lag- Centers catering Frost, opened Ruff Club, a five- tavern and watch the dog action York, you have a city of very ging behind,” said powerful state employee establishment in the East through windows,” said Mr. Frost. wealthy people. And their pets are Assembly Speaker Sheldon Silver, to upscale pooch Village, a year ago, after becoming With 250 members, the prof- their children.” who represents the area and heads a unhappy with the options for their itable club has “under $1 million in Still, even in a city with an esti- community group whose name owners open up as miniature Australian shepherd. revenue”annually,according to Mr. mated 600,000 dogs, the canine speaks volumes: the Lower Man- pet industry booms The hub serves not only as a day- Frost. day-care business can be tough. hattan School Overcrowding Task care center and boarding service, With the pet industry booming, The high cost of rent is an ongoing Force. “The city has no coordina- but also as a social club and co- Ruff Club’s owners are among a challenge. Establishments usually tion,no plan that says if they issue so BY ANNE FIELD working space for the pets’ owners, growing number of entrepreneurs need anywhere from 2,500 to many building permits, they have to offering Wi-Fi and locally roasted getting into the doggy day-care 12,000 square feet to allow their get so many school seats.” As far as Danny Frost is concerned, coffee. They pay a $149 annual business in New York City. “You critters room to roam. Most doggy Furthermore, he accused the city New York is going to the dogs— membership fee, along with a $29 see this trend in many urban cen- day-care centers charge around $25 of using an outdated formula to pre- and that’s a good thing. daily charge for day care.“Members ters,” said Ernie Slone, editor of to $55 a day and, in some cases, a dict the number of school seats that He and his wife, Alexia Simon can set themselves up in the front Dog Fancy magazine. “But in New See TAILS WAG on Page 24 See SCHOOL on Page 14 Outpatient medical facilities STATS AND THE CITY by Nicholas Wells FERRY TALES: Mayor Bill de Blasio announced that Rockaway ferry service to lower Manhattan would be extended through May. The service has show healthy gains in the city carried 200,000 Queens residents since it launched in November 2012. AMOUNT the city has paid per ride to Rockaway ferry now occupy the four floors the rug As a result, medical offices are $25operator Seastreak to date, subsidizing the $2 fare High inpatient costs sellers vacated. springing up around New York— It’s a sign of the times. and the country. That has made lead hospitals, docs NUMBER of weeks between Superstorm Sandy and the beginning of to open full-service Health systems and physicians finding workable spaces throughout the Rockaway service. The storm had knocked out the A train in that are opening more outpatient facili- the city, especially in Manhattan, 2part of Queens walk-in clinics ties as pressure grows to reduce ex- particularly difficult, Mr. Wexler and others agreed. “Demand is significant,” said BY GALE SCOTT ‘Providers are Dan Fasulo, managing director at the New York City office of Real For decades, a five-floor retail space trying to make Capital Analytics, commenting on at 36 E. 32nd St. was a venue for the market here. (The global com- 2012 INCOME of the highest-paid Staten Oriental-rug shopping. themselves more pany specializes in interpreting $148K Island Ferry captain Now it’s a good place to find a commercial real estate data for in- doctor. accessible’ vestors.) PORTION of rides on the Staten Island Ferry that Faced with rising rents and lim- Though none of the brokers or 11% are between midnight on weekdays (1 a.m. ited showroom space, the carpet analysts interviewed by Crain’s had on weekends) and 5 a.m. merchants have rolled up their numbers showing how New York’s AMOUNT the city awarded to hand-knotted kilims and moved on. medical-office market compares Sources: NYCEDC, a paralyzed victim of a 2003 Their exodus started two years ago, pensive inpatient hospital care. At with national trends, all offered an- $18.3M mayor’s office, NYC Staten Island Ferry crash—one of the highest Independent Budget said Paul Wexler, a Manhattan- the same time, demand for medical ecdotes of recent projects underway. against the city in a personal-injury case Office, The New York

Times, SeeThroughNY world photos wide based broker who leads Corcoran’s care is on the rise as the city’s baby Hospitals and doctor-entrepre- / Healthcare Properties Team. boomers age and more New Yorkers neurs are opening full-service med- ap Gleaming new medical offices buy health insurance to comply with ical offices offering both emergency ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY leased by four separate practices health reform’s individual mandate. See WALK-IN on Page 24

4 | Crain’s New York Business | January 27, 2014 HERE COMES THE NEIGHBORHOOD TIME WARNER INC. STAKES A CLAIM IN HUDSON YARDS

In 2004, Time Warner Inc. moved its headquarters to Columbus Circle, helping to create a dazzling icon. In 2014, this visionary company is reimagining New York City a second time, investing in the world’s boldest real estate project. Watch New York on the A RELATED OXFORD VENTURE rise at hudsonyardsnewyork.com.

HOME TO Join the conversation #NHNY

®

For offi ce leasing, please contact Bob Alexander at CBRE. | 212.984.8392 | [email protected] For retail leasing, please contact 212.801.1096 | [email protected] IN THE A new way for investors to buy MARKETS shares in pre-IPO companies by Aaron Elstein

EquityZen says it’s EquityZen buys the rights to the cash flow, holds them in a fund, solved the riddle charges a fee for expenses and gets a percentage of the proceeds. Em- of opening up access ployees, former employees and oth- er insiders get to take money off the to fast-growing firms table. Companies get a tool for mo- tivating employees without adding BY JUDITH MESSINA new, potentially pesky investors who might be entitled, under SEC Savneet Singh regularly buys shares rules, to nonpublic information. in startups before they go public. But annoyed by high brokerage fees Investment platform

and limited access to investment op- “We’re providing a service to istockphoto portunities, he recently tried a dif- companies by helping them retain ferent tack: using Manhattan-based employees and increase morale, but startup EquityZen,which is touting what we also see ourselves providing a new way for investors to buy a is a platform for investors with new piece of fast-growing private com- access to young companies,” said panies. ‘We’re helping Atish Davda, a co-founder and “EquityZen gets shares of com- director of EquityZen. companies A new model for pre-IPO sales, Helium shortage panies that others don’t,” said Mr. Singh, 29, an entrepreneur and co- the EquityZen platform has its own founder of Gold Bullion Interna- increase morale’ set of quirks. The minimum invest- tional. “They have interesting ways ment is $25,000, although the com- deflates Party City of getting exposure to shares of —Atish Davda pany expects to lower that over time. companies I really couldn’t find any- Investors—and EquityZen—also where else.” have to make bets based only on elium is great for filling birthday-party balloons and available public information, al- the blimps that occasionally drift over football Finding an alternative though that hasn’t discouraged Mr. fields. People wishing to sound like Donald Duck For several years, platforms like an alternative that avoids those has- Singh. H Second Market have given investors sles by allowing employees to sell the “The company I bought, I plan have been known to inhale a whiff of the stuff. Last week, access to shares of startups before rights to the cash their shares will on holding for 10 to 20 years,” said however, this smile-inducing element put a frown on the they go public or are acquired. But fetch when their company goes pub- Mr.Singh.“Even if I paid two times prospects of at least one company. startups have not necessarily em- lic or is acquired. In the event of an as much,after 10 or 20 years,I’ll still Party City, a Westchester-based retailer planning to go braced this pre-IPO market, con- IPO or merger, the shareholder is have a great return.” cerned about the hassles of taking on obligated to sell the shares and the EquityZen is trying to profit in public, warned potential investors that “our business may be unknown investors. investor gets his or her payoff. part from investors’ frustration with adversely impacted by helium shortages.” Indeed, it already EquityZen believes it has found As for the mechanics of it, See NEW WAY on Page 23 has been. Rising prices for the gas attributable to growing demand for caused net sales of “domestic metal- the gas for industrial purposes,such lic balloons” to fall by $4.4 billion as making semiconductors or MRI during the first nine months of last scanners.(Fun fact:Helium has the year, a 7% decline. Party City be- lowest boiling point of any lieves the shortage is temporary, element, at only 4 degrees above but, for now at least, it’s gotten absolute zero.) But most of the REFRESHINGLY TRANSPARENT worse: A leading supplier, Airgas problem is politically driven. Inc.,said in December that it would In 1996, lawmakers decided to raise helium prices by 20% because start selling off the nation’s helium of the ongoing global shortage. reserve to pay off debts the U.S.gov- “The costs of securing helium ernment had incurred from storing continue to increase,” said Airgas the stuff.But sales were set to expire CEO Michael Molinini. “Con- last October, which was a big deal stantly changing supply-and- because the U.S. was a big supplier demand geographies are causing us of helium, and private providers to incur greater distribution expens- have been unable to keep up with es to move the product from where demand. That’s why prices have we receive it to where it is needed by doubled since 2006, to $6.13 per our customers.” cubic meter, according to the latest Not exactly welcome news for figures from the U.S. Geological Party City or its owner, private- Survey. Although Congress agreed equity shop Thomas H. Lee Partners, last year to extend sales from the which presumably is trying to light- nation’s helium reserve, prices ap- en its 70% stake in the company parently are still floating up. through the IPO. Helium-balloon Unfortunately for Party City, sales accounted for about 4% of there aren’t any good alternatives to JetSuite is still the only private jet charter operator to instantly Party City’s $1.3 billion sales helium. The USGS says argon can provide and guarantee all-in quotes online. With JetSuite, you will through last Sept. 30, during which be substituted as a welding material, it posted a $52 million net loss.Like and hydrogen can sometimes re- know–to the penny–what you are going to pay before you fly on many companies subjected to lever- place helium, but only in “some our WiFi-equipped jets. JetSuite Edition CJ3s priced best East of the aged buyouts, Party City carries a lighter-than-air applications in hefty debt load—$2.3 billion—and which the flammable nature of hy- Mississippi; Phenom 100s priced best West of the Mississippi. can ill afford input cost increases. drogen is not objectionable.”In oth- Some of the helium shortage is er words, not in birthday balloons. Ⅲ JetSuite.com 866-779-7770 PORTION OF COMPANIES that “intentionally distort earnings,” according to a survey of nearly 400 CFOs by ARGUS PLATINUM RATED 20% researchers at Duke and Emory universities. The ©2014 JetSuite® All Rights Reserved. All fl ights operated by JetSuite Air, FAR Part 135 Certifi cate #9SUA667M. distortions take place even as companies adhere to

bloomberg news generally accepted accounting rules, the CFOs said.

6 | Crain’s New York Business | January 27, 2014 8ZMUQMZ5MLQKIT7NÅKM;XIKMQV\PM 0MIZ\WN+IZVMOQM0QTTNWZ4MI[M

PARK AVENUE MEDICAL ARTS CENTER 62 East 88th Street (Between Madison & Park Avenues)

· Unique large block of medical space off of Park Avenue È-`KT][Q^MVM_UMLQKITTWJJa_Q\PPQOPMVLÅVQ[PM[ · Space built-to-suit based upon generous work letter · Private semi-circular driveway · Public garage across the street

Lower Level 3,570 – 10,470 RSF Ground Level 4,213 RSF Second Level LEASED 4,367 RSF

ARTIST RENDERING

Paul Wexler Licensed Associate Real Estate Broker o: 212.836.1075 [email protected] healthcare-properties.com

Simone Healthcare Development Group, a division of Simone Development Companies, partners with healthcare providers to create turnkey ambulatory medical facilities in the New York metropolitan area. The company establishes long-term relationships with healthcare providers that encompass every aspect of locating, designing, building, and operating a new facility. By undertaking expansion in partnership with Simone Healthcare Development, healthcare providers reduce their expenditures on real estate services.

Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker owned and operated by NRT LLC. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer. THE INSIDER by Chris Bragg

DAVID GREENFIELD will run a key City Council committee. consulate general of sweden in new sweden york/flickr of general consulate A glimmer of hope for developers or real estate interests, the election of an unabashed liberal as City Council speaker this month was a Fsetback. Another one holding the gavel of the powerful Land Use Committee could have been a real problem. So, Speaker Melissa Mark-Viverito’s appointment of Brooklyn Councilman David Greenfield as chairman drew sighs of relief. Real Estate Board of New York President Steven Spinola said he expects Mr. Greenfield to be “diligent and fair” in running Land Use, which approves projects. Unlike other powerful commit- fates are negotiated by the local tee heads named,Mr.Greenfield is member.Disputes among commu- not a member of the labor-backed nity groups, labor and developers Progressive Caucus. He owes his are often ironed out in the zoning position instead to helping broker subcommittee, which many in real the speaker deal for Ms. Mark- estate see as more important.That Viverito. That could grant him a panel will continue to be chaired by level of independence. Queens Councilman Mark Weprin,a Ms. Mark-Viverito and Mayor moderate on good terms with busi- Bill de Blasio are promising broad ness and labor. “I expect to have a changes in development policy,in- lot of influence through this com- cluding mandatory affordable mittee, having done this the past housing in rezoned areas. Mr. four years—and the speaker has Greenfield did not immediately said she feels I’ve been doing a have a comment on that policy,but good job,” Mr. Weprin said. said he expected new council rules Mr. Greenfield will be promi- would leave chairmen “empowered nent in such talks, and will balance to run committees independently.” the interests of local members with The Georgetown Law School what’s best for the city,said land-use graduate represents a heavily Or- lawyer Ken Fisher, a former council- Chelsea Lighting is pleased to announce that it will celebrate its 20th year in business by thodox Jewish district where elect- man. “The power of the job comes launching three new specialty divisions —Chelsea Controls & Technology, Chelsea ed officials are known for pragmat- in helping to shape the debate,” he Residential and Chelsea Lite —to provide the technical expertise and service that ic politics that nets resources. Still, said. Meanwhile, Gail Benjamin, the today’s construction projects demand and that clients want. when he ran for the City Council influential longtime director of the in 2010, Mr. Greenfield promised council’s Land Use Division, which To solidify its technical expertise service offerings, Chelsea Lighting has recently transparency and criticized a rival, runs the committee’s affairs, is like- brought onboard industry veterans David Ferguson and Thomas Ike. Mr. Ferguson Assemblyman Dov Hikind, for ly to retire soon, council sources brings his 25 plus years of experience in the electrical construction business to Chelsea “smoke-filled-room politics.” said. The selection of her successor Lighting. As an Executive Vice President, Mr. Ferguson will use his technical knowledge During the 2013 elections, Mr. will be seen by business interests as and industry experience to broaden Chelsea Lighting’s service offerings and bolster Chelsea Lighting’s ability to exceed clients’ expectations. Greenfield,a former political oper- a signal from Ms. Mark-Viverito. ative, worked with Sephardic real Queens Councilwoman Julissa Thomas Ike, the former Vice President of Global Sales at Lutron, estate interests to elect council can- Ferreras will chair the Finance Com- will bring his 19 years of experience at Lutron to launch Chelsea didates aligned with county De- mittee, which oversees the budget, Controls & Technology (CC&T) as its President. CC&T will offer mocratic bosses. Then he and while Manhattan Councilman clients a one stop shop total solution for their lighting, controls, Brooklyn Democratic Chairman Daniel Garodnick, the speaker race shading and integration needs. Frank Seddio flipped sides and cut runner-up, was given the economic Chelsea Residential has been launched to service clients in NYC’s the deal with the Progressive Cau- development panel. Insiders expect Residential Market with projects ranging from high-end condos to cus to elect Ms. Mark-Viverito, fo- him to be more active on such issues menting distrust among some col- as subsidy policy than his predeces- nursing homes to affordable housing. As part of its dedication to Karen serve the residential market, the Chelsea Residential team leverages leagues.The Land Use post offers a sor, Queens Councilwoman $15,000 stipend and attracts cam- Koslowitz, in overseeing the city’s its product knowledge and manufacturer relationships to provide Ⅲ clients with value engineering of price beneficial alternates. paign donations from developers. Economic Development Corp. Mr. Greenfield will control his Chelsea Lite has been launched to answer clients’ demands committee’s agenda, but develop- LISTEN to a discussion at for knowledgeable, timely and competitive pricing for smaller ment deals determining projects’ CrainsNewYork.com/podcasts construction projects where the duration of the project is generally shorter and the fixtures are needed quickly. QUOTE OF THE WEEK: ‘I don’t know what the real Chelsea Lighting has supplied lighting equipment and services to some of the largest construction projects in New York City since 1994. problem was—the problem was it snowed.’ For more information, please call Chelsea Lighting at 212-356-5100. —Sanitation Commissioner John Doherty, after complaints of unplowed Upper East Side streets

8 | Crain’s New York Business | January 27, 2014 20140127-NEWS--0009-NAT-CCI-CN_-- 1/23/2014 6:02 PM Page 1

BUSINESS 49% Portion of baby boomers who predict they will work until they are 66 or older PEOPLE Source: Gallup

ON THE NOSE: Oumy EXECUTIVE MOVES Diaw, at Ambassador Wine and Spirits in Treeline Cos.: east midtown, is on a Howard Schor,39, mission to get more was promoted to Americans to drink chief operating Champagne. officer at the real estate firm. He was previously executive vice president of strategic operations and planning. STV Group Inc.: Thomas Butcher,49, joined the engineering and construction management firm as chief financial officer. He was previously chief financial officer and treasurer at McKim & Creed Inc. Philanthropy New York: Kathryn O’Neal-Dunham, 37, joined the nonprofit as chief operations officer. She was previously director of the Americas at Macquarie Group Foundation. ExecuSearch Group: Kevin Bracken, 35, joined the recruitment, temporary staffing and retained-search firm as managing director. He was previously accounts manager at Maxim Healthcare Services. Adam Harwood, 28, joined as director of financial services, a newly created position. He was previously a consultant at Carrington Fox. Greystone: Matt Grodd, 36, joined the financial- services and private investment group as senior vice president. He was previously an originator at TriLyn Investment Management.

buck ennis Commonwealth Fund: Kathryn Haslanger, 57, was elected to the GOTHAM GIGS board of directors at the nonprofit. She continues as chief executive at the Jewish Association Serving the Aging. Aptsandlofts.com: Rachel Poggi,41, joined the real estate brokerage firm as managing director. She was Life inside the bubble previously vice president and associate broker at Douglas Elliman. Building Conservation Associates Inc.: Michele Boyd, 55, was promoted to Oumy Diaw is a self-made Champagne sommelier director of preservation services, a newly created position. She was Oumy Diaw may be the world’s first—and Her transition into the Champagne world began previously a senior associate. ‘I know Eric Z. Sherman, 33, joined as vice only—Champagne sommelier.That’s because when a beverage director at upscale Paris president of research, insights and every she made up the title.Then she trademarked it. department store Galeries Lafayette took her analytics. He was previously senior director of research, brand insights weakness That kind of chutzpah may be what’s needed if under his wing to teach her about the industry. ¶ and digital strategy at CNBC. she’s to get Americans to drink more bubbly. ¶ “I almost felt like I was an actor, and a manager Integreon: Monica Gallagher,50, and In 2012, 17.7 million bottles of Champagne saw me and believed in me, and had a vision that joined the legal, were sold in the United States, an 8.7% decline I could bring Champagne in a different research and strength’ from the year before. In the U.K., by dimension,” she said. ¶ She moved to New York business solutions company as director of each comparison, 32.4 million bottles were sold. ¶ to work at a Champagne house, and now travels of sales and “America has the capability to be the No. 1 to Africa and France to help expand her document services. maker She was previously market for Champagne consumption,” she said. business. She works with wholesalers, restaurant a legal-intelligence account executive “But we’re not selling Champagne outside of wine directors and New York liquor stores. She at American Lawyer Media. Tapad Inc: George Gemelos, 35, joined celebration, and that’s where we need to change also plans Champagne-related events, and has the marketing technology firm as it.” ¶ Ms. Diaw, 37, is a French citizen with roots been working for the past three years on a book senior vice president of data science, a in Senegal through her father, who was living about the history and future of the industry. ¶ newly created position. He was previously director at D.E. Shaw there when she was born. She is based in New For Ms. Diaw, it’s impossible to pick a favorite Research. York City, where her consulting company, Champagne. “I know every weakness and Multimedia Plus: Ellen Hoeffel,50, joined the communications and Champagne Sommelier, was founded. ¶ strength of each house,” she said. marketing company as vice president Growing up, she studied business and science. —emily laermer See EXECUTIVE MOVES on Page 10

January 27, 2014 | Crain’s New York Business | 9 20140127-NEWS--0010-NAT-CCI-CN_-- 1/23/2014 6:02 PM Page 1

EXECUTIVE MOVES

Continued from Page 9 of content, a newly created position. She was previously director of human resources at LittleMissMatched. Mathews Nielsen Landscape Architects: Robert DeMarco,45, was promoted to managing principal at the architecture firm. He was previously a senior associate. Molly Bourne, 47, was promoted to principal. She was previously a senior associate. Vestar Capital Partners: Michael Gross, 30, was promoted to vice president at the middle-market private-equity firm. He was previously a senior associate. Winston Song, 32, was promoted to vice president. He was previously a senior associate. 1010data: Richard Yonkers, 46, joined the cloud-based platform as area vice president of retail development, a newly created position. He was previously executive vice president at CW-Price Organization. Olshan Properties: F.Alan Howe,57,was promoted to vice president at the hospitality company. He was previously general manager at the Hilton Columbus at Easton, Ohio. Alston & Bird: Shanell Cramer, 37, was promoted to partner at the law firm. She was previously counsel. Ingram Yuzek Gainen Carroll & Bertolotti: Susan Onuma,57, joined the law firm as a partner and chair of its Asia practice, a newly created position. She was previously a partner at Kelley Drye & Warren. Tara Mulrooney, 37, was promoted to partner. She was previously an associate. Jennifer Schwartz, 46, was promoted to partner. She was previously an associate. Mioko Tajika, 35, was promoted to partner. She was previously an associate. Jennifer Zourigui, 34, was promoted to partner. She was previously an associate. Longman Lindsey: Patricia Scanlon, 43, joined the acoustical consulting firm as a partner. She was previously a partner at Cerami & Associates Inc. Berdon: Victoria Abramov, 45, was promoted to tax principal at the accounting firm. She was previously tax manager. Vincent Gatto, 42, was promoted to tax principal. He was previously tax manager. Marcy Greenfield, 37, was promoted to audit principal. She was previously audit manager. CetraRuddy: Eugene Flotteron,41,was promoted to partner at the architecture firm. He was previously director of architecture. Foley & Lardner: Brian Cohen, 43, was promoted to partner at the law firm. He was previously of counsel. Hogan Lovells: Oscar Stephens, 35, was promoted to partner at the law firm. He was previously an associate. Friedman: Michael Greenwald,60,was promoted to partner at the accounting, tax and consulting services firm. He was previously a principal. —eva saviano

10 | Crain’s New York Business | January 27, 2014 20140127-NEWS--0011-NAT-CCI-CN_-- 1/23/2014 6:30 PM Page 1

After feds cut food stamps, city pantries went empty

Nearly half say they “SNAP is still the first line of de- highs, and food banks and soup fense,” she said. kitchens facing an extreme shortage ran out of food after Ms. Purvis is also encouraging of meals, many New York families Nov. budget slash officials, staff and guests at food are at risk of hunger and malnutri- pantries and soup kitchens to reach tion,”said Sen.Kirsten Gillibrand in out and talk to public officials about a statement. “I will continue to urge BY THERESA AGOVINO the cuts’ effects. my colleagues in Congress to reject harmful cuts to the SNAP program New York City’s food pantries and Senator’s plea for the most vulnerable and not bal-

soup kitchens have seen a substan- “With food insecurity in New ance the budget on the backs of hun- buck ennis tial increase in the number of visitors York reaching disturbing, historic gry children,seniors and veterans.”Ⅲ FOOD BANK CEO Margarette Purvis has doubled the provisions sent to soup kitchens. they serve since the program for- merly known as food stamps suf- fered major cuts in November. That influx caused 48% of the 188 food banks and soup kitchens surveyed to run out of food at some point in November, according to a study conducted by the Food Bank for New York City. About a quarter of the providers reported rationing the food they provided. In November, the federal gov- ernment cut $5 billion from the Supplemental Nutrition Assistance Program, which dealt a severe blow to the nearly 2 million New York City residents who receive benefits from it. But even before it was cut, more than 40% of SNAP recipients were using food pantries and soup kitchens. Congress is now debating an additional $9 billion in cuts. “We are already bordering on the brink,” said Margarette Purvis, the ‘We just keep getting more orders. It’s like a runaway train’

Food Bank’s president and CEO. “Another $9 billion in cuts will be devastating.” Sharp increase in demand Ms. Purvis said she expected the cuts implemented in November to have an impact but was surprised by just how swift and deep it has been. Overall, 85% of the city’s food pantries and soup kitchens reported an increase in visitors in November 2013 compared with November 2012, when demand had already risen because of Superstorm Sandy. Fifty-eight of the organizations sur- veyed, or 31%, said that the number of clients increased between 26% and 50%. Twenty percent of them said that the number of recipients jumped more than 50%. Ms. Purvis said that after the cuts, the Food Bank began sending out 29 trucks every day to deliver food,up from 15 before the changes. “We just keep getting more or- ders,” she said. “It’s like a runaway train.” She is urging food banks and soup kitchens to make sure their clients are registered for SNAP if they are eligible, even though the benefits have been cut.

January 27, 2014 | Crain’s New York Business | 11 OPINION CRAIN’S NEW YORK BUSINESS

Healing sickly hospitals Rance Crain editor in chief publisher, vp Jill R. Kaplan he Cuomo, de Blasio and Obama was politically shrewd.The governor knows money-losing EDITORIAL editor Glenn Coleman administrations are playing out a soap hospitals cannot be maintained as massive, full-service managing editor Jeremy Smerd deputy managing editors Valerie Block, opera with struggling health care facilities institutions operating on an obsolete model of health care. Erik Ipsen that’s reminiscent of General Hospital. Only The mayor recently hinted that he knows it, too. But assistant managing editor Erik Engquist senior news producer Amanda Fung this time, real lives and jobs are at stake, not downsizing hospitals will generate protest, and Mr. Cuomo contributing editor Elaine Pofeldt to mention a pile of taxpayer money. would rather not get the blame. columnists Greg David, Steve Hindy, Alair Townsend crain’s health pulse editor Barbara Benson Gov. Andrew Cuomo delivered two Mr. de Blasio, for his part, campaigned to save hospitals, senior reporters Theresa Agovino, Aaron Elstein, Lisa Fickenscher, Matthew Flamm, plot twists last week. He demanded the federal government so it’s only fitting that he choose the proposal to rescue Daniel Geiger, Adrianne Pasquarelli hurry up and approve the state’s long-running request for LICH, even if it eliminates beds and services and adds reporters Joseph Anuta, Chris Bragg, T Andrew J. Hawkins, Thornton McEnery $10 billion in part to restructure money-losing hospitals into market-rate housing to help fund neighborhood networks of reporter/videographer Ken M. Christensen smaller, sustainable institutions. And his top aide said Mayor primary care centers.The mayor must push his Brooklyn news producer Emily Laermer web reporters/producers Bill de Blasio must help decide the fate of Brooklyn’s Long constituents and his Nazish Dholakia, Irina Ivanova Island College Hospital. allies at the nurses’ and art director Steven Krupinski Cuomo asks deputy art director Carolyn McClain Both moves were unorthodox.To provoke federal officials health care workers’ staff photographer Buck Ennis while asking them for billions of dollars seemed de Blasio, Obama unions to support one copy desk chief Steve Noveck copy editor Thaddeus Rutkowski counterintuitive. And it was unprecedented for the governor of the two competing data editor Suzanne Panara to cede any authority to the mayor on redeveloping a state- to help reform plans.To his credit, he researchers Eva Saviano, Nicholas Wells owned hospital. appears to be trying. ADVERTISING, MARKETING AND PRODUCTION state institutions sales manager Irene Bar-Am Still, we applaud the governor’s approach, even if he has Mr. Cuomo knows it senior account managers Jill Bottomley Kunkes, Courtney McCombs, not fully acknowledged the state’s role in Long Island will be easier to work Suzanne Wilson College Hospital’s financial ruin. Publicly demanding the with Mr. de Blasio than director of custom content Trish Henry account executive Lauren Black federal money—a long-pending request justified by the against him.The sales coordinator Cynthia Hutchinson estimated $17 billion that New York’s Medicaid reforms are mayor, having established his bona fides as a defender of events coordinator & scheduler Alexis Sinclair saving Washington—ruffled feathers but may speed the hospitals, is best positioned to explain to the public why and credit Todd J. Masura (313-446-6097) approval process. And Mr. Cuomo was right to clarify that how they must be transformed. And both men should director of audience & content partnership development Michael O’Connor he would stop propping up failing institutions with tens of champion the notion that a lower-cost paradigm for senior marketing manager Catherine Schutten millions of state dollars. hospitals and better health care go hand in hand, as can director of conferences & events Involving Mr. de Blasio in the redevelopment of LICH governors and mayors. Courtney Williams reprint sales manager Lauren Melesio production and pre-press director Simone Pryce advertising production manager CRAIN’S ONLINE POLL COMMENTS Suzanne Fleischman Wies ONLINE AND INTERACTIVE SERVICES general manager Rosemary Maggiore web developer & digital sales Questioning Authority strategist Chris Tumminello TO SUBSCRIBE: For print and digital subscriptions or customer PORT IN A STORM of its history was an effective, strips are parks. Second, his- service, e-mail [email protected] professional and often visionary torically it wasn’t the city that or call 877-824-9379 (in the U.S. and Canada) or “Breaking up is hard to do,” as developer of the region’s trade refused to make these official 313-446-0450 (all other locations). $3.00 a copy for wide world photos wide / you noted ( Jan. 20), but some- and transportation infrastruc- parks; it was NYU that repeat- the print edition; or $99.95 one year, $179.95 two ap years, for print subscriptions with digital access. times it’s necessary. Board ture. It did this reasonably free edly thwarted community and www.crainsnewyork.com/subscribe WHOSE APPROACH DO members of the Port Authority of political interference and city efforts to do so. Nonethe- YOU FAVOR FOR PRE-K of New York and New Jersey, cronyism, especially considering less, Justice Mills was correct: TO ADVERTISE: appointed by the governors of the political cultures of the two The strips have functioned as Contact Cynthia Hutchinson at [email protected] or call 212-210-0145. FUNDING? both states, have for decades state parents. parks for more than 40 years. www.crainsnewyork.com/advertise misappropriated toll revenue Its great fault was a dearth of And that, not the city map, is FOR INFORMATION ON OUR EVENTS: GOV. ANDREW CUOMO’s. If the money for projects with nothing to do accountability and transparency. the legal definition of a park. already exists and is set aside, then a tax is Contact Courtney Williams at with the agency’s mission: the In response, governors steadily Your position that we would [email protected] or 212-210-0257. unnecessary. maintenance of bridges, tun- sought greater oversight that all be better off if NYU funded www.crainsnewyork.com/events MAYOR BILL DE BLASIO’s. A dedicated tax nels, airports and the PATH. morphed into outright control, and maintained these parks The nontransit projects ending in the agency’s current would be laughable if it weren’t TO CONTACT THE NEWSROOM: ensures pre-K will be funded by the rich, not by 711 Third Ave., New York, NY 10017-4036 gutting other programs. added up to billions of dollars, miasma of political patronage. so sad. It is NYU’s failure to editorial phone: 212.210.0277 many completed years late and What is needed is a new maintain the playground in Date of poll: Jan. 21 fax 212.210.0799 way over budget. The solution regime of state oversight that front of the Coles center, an ob- Entire contents ©copyright 2014 Crain Communications Inc. 311 votes is to sell off all Port Authority provides broad policy direction ligation it assumed when the All rights reserved. ®CityBusiness is a registered trademark assets to the private sector. but keeps hands off to let the gym was built in the early ’80s, of MCP Inc., used under license agreement. —larry penner agency do what it was once that resulted in Justice Mills’ CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS Great Neck, N.Y. permitted to do so well. failure to declare it a park. Once chairman Keith E. Crain —roger j. cohen a thriving playground, it has president Rance Crain treasurer Mary Kay Crain 73% Breaking up the Port Authority Lancaster, Pa. been fenced off and locked for Cindi Crain CUOMO (Editor’s Note, Jan. 13) would years. NYU mustn’t be rewarded William Morrow bring back the bad old days of for its willful neglect and lack of executive vp, operations 27% STOPPING NYU executive vp, director of strategic New York-New Jersey rivalry respect for the Greenwich Vil- Chris Crain DE BLASIO operations and stalemate that necessitated Re “Reverse judge’s land grab” lage/NoHo community. senior vp, group publisher David Klein the creation of the bistate au- (Editorial, Jan. 20): First, Jus- —paul l. edwards vp/production, manufacturing David Kamis thority in the first place in 1921. tice Donna Mills declared that The writer is an NYU graduate chief information officer Anthony DiPonio The Port Authority for most three (not two) of the four and 40-year community resident. founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) secretary Merrilee Crain (1942-2012) FOR THIS WEEK’S QUESTIONS: CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send columns of 475 Go to www.crainsnewyork.com/poll to have your say. words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number.

12 | Crain’s New York Business | January 27, 2014 20140127-NEWS--0013-NAT-CCI-CN_-- 1/23/2014 6:31 PM Page 1

cannot even backfill positions when vacancies occur. Mr. Bharara thinks State AG’s money that’s penny-wise and pound- foolish, but he doesn’t challenge the notion that the money is not his to Retailers Wholesalers Restaurants Hotels Oil Dealers Social Services grab went too far spend as he sees fit. Mr. Schneiderman proposed to spend the money to beef up his office ew York state history is replete with clashes be- staff and mount a program to help tween powerful elected officials who cannot play homeowners prevent foreclosure— nicely in the same sandbox.There is usually ten- possibly worthy goals.But,according Read Adam Friedlander’s to his terms, these goals were not sion between mayors of New York City and gov- open to discussion. How to $ave Big on Workers’ Compensation ernors, between legislative leaders and governors What’s odd is that there appears of the same party,and among the governor,attorney general and to be no law governing the situation, Call To Save Today N so Mr.Cuomo has been forced to ne- comptroller. gotiate with Mr. Schneiderman. These people have their eyes on history and the next election, They have agreed on disposition of Adam Friedlander • 800-394-7004, ext. 206 • [email protected] the first $163 million, with half go- www.friedlandergroup.com • www.howtosavebigonworkerscomp.com and fiercely guard their power.They ing to housing programs to supplant see most matters as coming down to other state funds, and the other half *Underwritten by the NYS Insurance Fund, 199 Church St., NY, NY 10007 “him or me.” going to a new housing program that So it doesn’t surprise me that Gov. Mr. Schneiderman will oversee. As a Andrew Cuomo and Attorney Gen- former budget director of New York eral Eric Schneiderman, both De- City, I find this deplorable. mocrats, are trying to hog the sand. Of course everything should be on Shortly after each assumed office, the table during the budget process. Mr. Cuomo, who ascended to the Of course the governor and the legis- governor’s job from attorney general, lators must have the determining role set up a new office that seemed to in how this huge sum gets spent. Mr. tread on Mr. Schneiderman’s turf. Schneiderman has made a brazen bid Last year, Mr. Schneiderman ne- ALAIR TOWNSEND for power that he should not have. gotiated a $613 million settlement Earmarking settlement proceeds with JPMorgan Chase that gave him provides a terrible temptation to the the sole power to dictate use of the about the more than $2 billion in set- AG to focus his staff on areas with proceeds.That’s stunning when there tlements his office has negotiated in high-stakes potential. If I were lead- is a budgetary process established by recent months. He noted that sum ing a financial institution, I would be law to allocate resources.This pits the would fund his office for more than very worried. The governor and leg- governor and legislators and the rest 50 years, if he had power over it. But islative leaders should now be work- of us against one attorney general. he doesn’t, and he operates under a ing on changes in the law to clip the Two weeks ago, I heard Preet hiring freeze because of federal wings of Mr. Schneiderman and all Bharara,U.S.attorney for the South- budget issues. Thus, not only can he those who succeed him to ensure this ern District of New York, speak not spend the money as he wishes,he does not happen again.

more than two months. That’s really showing consideration to the tens of Mayor, biz: Can this thousands of small firms for which the requirement will be a burden. As with so many people involved marriage be saved? in bitter breakups, business leaders didn’t even know what to do when they were so blindsided. Some of ow long should one wait to start dating after a them, who had fought this issue for divorce? It seems an apt description of the so long, began their public state- dilemma facing New York’s business communi- ments by praising the new mayor for “looking out for the interests of all ty as it ponders what to do since the dissolution New Yorkers.” of a 20-year lovefest with the city’s mayor. But But there is another suitor on the as with many divorcing people, the business community is ig- horizon—that man in Albany, who H wants to cut taxes, not raise them, noring experts who say to not even try to seek a new love inter- because taxes hobble the economy, est for a year. Loneliness can be too terrifying to bear. who has restrained state spending because New York’s government For the past two decades, execu- spends too much, and who says that tives could count on City Hall as a de- spending more doesn’t solve prob- fender of their interests. Sure, there lems. Given that the mayor has so were many tensions with Rudy Giu- little power compared with the gov- liani. Small businesses weren’t always ernor, it is an alluring prospect to sure Michael Bloomberg was on their line up behind Andrew Cuomo in side, but unrest over issues like ever- hopes that he will do what Messrs. tighter smoking bans or increasing Giuliani and Bloomberg did for the fines and inspections never shook the business community for so long. belief that the mayor understood the The experts say relationships importance of businesspeople in formed in the wake of a divorce making the city prosperous. rarely last.In this case,Messrs.Cuo- Now Bill de Blasio has made it mo and de Blasio have strong polit- clear that he puts other interests far GREG DAVID ical reasons to find compromises on above those of the business commu- the issues that divide them.Already, nity,as the paid-sick-leave turnabout the governor has said his position on showed earlier this month. Without days annually beginning in April. In- pre-K schooling is negotiable. so much as a courtesy call, the mayor stead, he and City Council Speaker There is no savior for those who swept aside a much-bargained-over Melissa Mark-Viverito announced believe that pro-business policies compromise that would have re- they would pass a bill requiring all are crucial to growing the econo- quired businesses with 20 or more firms with five or more employees to my—just hard work convincing the employees to provide five paid sick start providing that benefit in a little voters it is true.

January 27, 2014 | Crain’s New York Business | 13 20140127-NEWS--0014-NAT-CCI-CN_-- 1/23/2014 6:04 PM Page 1

IN THE BOROUGHS MANHATTAN Locals fear school shortage Continued from Page 4 Should educators accept yet an- Street, just outside the area. Both must be added. other extra kindergarten class at would add a total of 1,000 seats. A case in point is the Spruce Street Spruce Street, as they have done for “This is a historic commitment School, at the base of downtown’s the past three years, it could push the to school construction in the area,” tallest residential building, the three- school over its capacity, Mr. Green- said a DOE spokesman. year-old New York by Gehry tower. leaf said. Maybe so, but Mr. Silver and ed- In 2009, the school began accepting ucation advocates maintain it is kindergarten ‘Historic commitment’ simply not enough to keep up with TAKING STEPS: Patrick Kennell students. Next City officials refute all charges of the area’s residential boom, which and Dawn Krigstin with their year, that first ignoring the problem. In fact, De- was kicked off by then-Mayor children, Gabriel (left) and 60,000 Theodore, at the Tweed DOWNTOWN’S class will reach partment of Education data show Michael Bloomberg in 2002 when residential Courthouse, where a new school is population the school’s in- that none of the area’s five existing he outlined a plan to revitalize the being incubated. It will move to augural fifth- schools, nor a sixth one being incu- area as a live/work community in the Peck Slip next year.

grade class, bated within the old Tweed Court- wake of the 9/11 attacks.Since then, buck ennis 100% marking the end house in back of City Hall, are op- the city has added and upgraded GAIN since 2001 of its phase-in erating above current capacity parks and new shopping areas,help- portion of the influx, said Ariel Co- cording to data from the Downtown process, and standards. Meanwhile, DOE offi- ing pave the way for apartment con- hen,a residential broker with Doug- Alliance,which does not take into ac- 2,000 along the way re- cials note that they take residential struction. State and federal officials las Elliman. He noted that demand count TriBeCa developments like the COMBINED TOTAL vealing a major construction numbers supplied by sweetened the pot by offering tax- for larger apartments has been so 145-unit 56 Leonard St. of elementary- problem, ac- the Building and City Planning de- exempt Liberty Zone bonds to low- great that many buyers have created Democratic City Council- school seats cording to Eric partments and put them into a for- er the cost of constructing new their own by purchasing adjacent woman Margaret Chin, a financial added in the past Greenleaf, a mula with birthrates and immigra- housing units. units and knocking out the walls to district resident of 25 years’ stand- decade and on the member of the tion data to determine where to All those incentives have helped create one family-size abode. ing, hopes that the developers of all drawing board overcrowding situate new schools and how many. spur the development of more than those new apartments can be task force and a All told, the DOE has added 10,000 units of housing in lower Big condos brought into the process of adding former member of the district’s 4,300 new elementary-, middle- Manhattan, doubling the residen- Meanwhile, several huge condo school space, following the lead of Community Education Council. and high-school seats in lower tial population to more than 60,000. projects are underway. The conver- Forest City Ratner Cos., which de- He said that the city has been Manhattan during the past decade, What’s more, a recent study by sion of AIG’s former headquarters at veloped the Gehry tower. adding more kindergarten classes at and the new school now in tempo- Community Board 1 dissected that 70 Pine St. will add 644 units, and a “I think we really have to look at Spruce Street and elsewhere down- rary quarters at Tweed will open on increase and found that the number pair of developers are planning a 350- it legislatively,”Ms. Chin said, indi- town than the schools can handle, Peck Slip next year. What’s more, of children under 4 had tripled in unit tower at nearby 22 Thames St.In cating there is hope that developers which will balloon enrollment as plans are afoot to add another school some downtown neighborhoods, total, more than 2,000 new residen- who are helping to rapidly populate these outsize classes advance at a still-to-be determined location including TriBeCa, since 2000. tial units are planned for the neigh- the area might be a resource to ad- through each grade. downtown and one north of Canal Young families make up a huge borhood over the next few years, ac- dress future school needs. Ⅲ

REAL ESTATE DEALS

a peculiar area of midtown, at the Makeup veteran juncture of Herald Square, Korea- BARE BONES picks Bleecker town and a still-gritty section of Law firm gets Broadway populated by an unin- One of the world’s first professional spiring row of retail stores. makeup brands will be opening its Finally, though, the neighbor- inaugural New York City location. hood around it has begun a long- a suite deal Kryolan recently inked a 10-year awaited revitalization, and New deal for an office at 277 Bleecker St., York Community Bank has signed hen law firm Richards Kibbe at Jones Street. a 10-year lease to take the 39-story, & Orbe recently approached The company signed on for 1,970 750,000-square-foot property’s en- landlord Brookfield Office square feet on the ground and lower tire 33rd floor. The asking rent for Properties to renew its lease levels of the Greenwich Village build- the 15,000-square-foot space was two years early at 200 Liberty ing.The asking rent for the spaces was $59 per square foot. St.W, Brookfield had little reason to entertain the about $165 per square foot. Much of 1250 conversation. Lower Manhattan’s increasing “Bleecker Street between Broadway’s recent popularity as a cheaper alternative to both mid- Sixth and Seventh avenues success can be traced town and midtown south has prompted most ex- has always been a stellar lo- to change in the perts to forecast that rental rates will only grow cation,” said Steve Rappa- area, said Mitchell in the near future. port, a senior managing di- Arkin, a broker at But Richards Kibbe & Orbe was able to re- rector of Sinvin Real Estate, Cushman & new its lease early,so that instead of running out who represented landlord Wakefield who in 2015, its commitment on nearly 60,000 square feet—the building’s en- Croman Real Estate. “With represents the tire 28th and 29th floors—will now stretch to the end of 2020. The asking rents escalating to prohibi- building’s own- 501 MADISON AVE. rent for the space was in the $60s per square foot, but the law firm was like- tive levels going west on er, Jamestown. ASKING RENT; TERM: $60 per ly able to negotiate that into the high $50s per square foot—a common dis- Bleecker, this section is see- With the square foot; 10 years count netted during a lease negotiation. ing a migration of tenants.” opening of the SQUARE FEET: 8,900 Kryolan, which first TOUCH-UP: nearby Ace and For the law firm, the early deal picked up downtown and major ten- opened in 1945, produces Sixty-year-old Nomad hotels TENANT; REPS: Design Republic Partners; Robert Freedman and offered the obvious advantage of ants like Condé Nast and GroupM mostly theater-related makeup company in recent years, Kryolan has set Alex Jinishian of Colliers leasing in an office market that is have committed to millions of makeup and serves cus- up shop in the the upcoming Virgin Hotel International likely cheaper now than it will be in square feet, there are still huge tomers in more than 80 West Village. and pedestrian improve- LANDLORD; REPS: KRW Realty two years’ time. The trick was get- blocks of space that remain vacant. countries, according to its ments in Herald Square, Advisors; Robert Freedman and ting Brookfield to sign on. The Brookfield Place, the 8 million- website. 1250 Broadway’s location Alex Jinishian of Colliers owner, it turns out, had its own mo- square-foot office complex of which David Baker of Isaacs and Co. has transitioned from an underbel- International tivation. the 40-story, 1.7 million-square- represented Kryolan in the deal. ly of midtown to an extension of BACK STORY: The architecture and “Brookfield saw that it’s better to foot 200 Liberty St. is a part, has at —bilal iftikhar trendy midtown south. design firm will take the entire 11th sign up a lease and get that momen- least 2 million square feet of empty “The building’s location at a floor of the 30-story building. tum and look like dealmakers,” said space. crossroads is now looked at as Ted Rotante,a Colliers Internation- David Cheikin and Christopher A lift from changing desirable,” Mr. Arkin said. “It’s Cushman brokers Don Preate al broker who represented Richards Zizza, executives at Brookfield Of- neighborhood right at the gateway to Koreatown, and Jon Mayeske represented Kibbe & Orbe. fice Properties, represented the so it has culture, and tenants see it New York Community Bank in the Mr. Rotante pointed out that landlord in-house on the deal. The Class A office tower at 1250 as a changing area that has a lot deal. even though leasing activity has —daniel geiger Broadway has long been a stranger in of character.” —daniel geiger

14 | Crain’s New York Business | January 27, 2014 20140127-NEWS--0015-NAT-CCI-CN_-- 1/23/2014 5:29 PM Page 1

SUPER BOWL INSIDE The List New York City’s largest hotels PAGE 17 ‘You can get a room for less today than you could a few months ago’ —David Chase, New York Palace GM, on hotel availability during the REPORT week before the Super Bowl, Page 16

Museums and the art of football Institutions hop on Super Bowl

REASON TO SMILE: bandwagon with Melissa Rosenfield, regional director of gridiron exhibits vibe at Viceroy Hotels and Resorts, will be the guest of a former BY THERESA AGOVINO NFL player at the Super Bowl. This will be a Super Bowl of firsts. The first in the New York City area.The first played outdoors in a cold-weather climate. Then there’s the Metropolitan Museum of Art’s inaugural event celebrating the game:For the first time, the Met will display its vin- tage football cards. The collectibles come from the trove amassed by Jefferson R. Burdick, widely considered the nation’s top sports-card collector,

buck ennis who bequeathed his treasures to the Met. Visitors to the show, which is called “Gridiron Greats” and began Jan. 23, can see cards featuring football legends Knute Rockne and Red Grange, as well Where the elite meet as former New York Giants stars such as Frank Gifford and Tom Landry. Scoring tickets for know someone important. HOT SEATS Ms. Rosenfield’s connection is a “We thought with the football Most of the precious tickets are former Buffalo Bills player, a friend of fans coming to town it was a great the NFL title game spoken for before they’re even print- Average Super Bowl ticket several years who called two weeks ago time to display the collection,” ed, with the vast majority going to prices have soared on the to invite her to her first Super Bowl. said Freyda Spira,the Met’s assis- requires a connection NFL teams. But well-connected fans secondary market. “I was raised in a football family,” tant curator in the Department of or a lot of cash like Melissa Rosenfield, regional di- said Ms. Rosenfield, an alumna of Drawings and Prints. rector of vibe at Viceroy Hotels and $3,514 Ohio State University and a huge Other arts organizations are Resorts,managed to land seats for the (East Buckeyes fan. “I can’t think of any- also tackling football themes as Rutherford, BY LISA FICKENSCHER big game. thing more exciting than going to the Super Bowl XLVIII arrives, with $2,578 N.J.) About 82,000 people will be among (New Super Bowl in my hometown.This is some hoping the gridiron ex- Among those who pack MetLife Sta- the elite who attend Super Bowl Orleans) a once-in-a-lifetime experience.” hibits will lure visitors beyond the dium Feb.2 for the Super Bowl will be XLVIII—though frigid temperatures She meets a lot of professional ath- venues’ traditional mainstays. In football fans who lucked into tickets on game day could make their status letes through her job catering to VIP early January,the Children’s Mu- through corporate connections, Seat- less enviable—and many who acquired guests of Viceroy,a luxury hotel com- seum of Manhattan, along with tle Seahawks and Denver Broncos their tickets within the past couple of pany that has a property on West 57th the National Football League, die-hards who were determined to get weeks, including Ms. Rosenfield, Jan. 21, 2013 Jan. 21, 2014 Street, though she declined to identi- unveiled an exhibit titled “You there—and, no surprise, people who know someone with NFL ties. Source: SeatGeek See SUPER-TOUGH on Page 16 See ART on Page 16

January 27, 2014 | Crain’s New York Business | 15 20140127-NEWS--0016-NAT-CCI-CN_-- 1/23/2014 5:30 PM Page 1

REPORT SUPER BOWL

ties had been invite-only events a lottery for season-ticket holders. She expects her 148-room prop- where guests didn’t pay to attend,” This time, Mr. Mahoney turned erty to be approximately 80% occu- Super-tough tickets Mr.Zucker said.“But this time,they to a company called Forward Market pied, with rooms going for about are selling tickets to their events.” Media,which sells options that allow $530 a night. Mr.Hong is less interested in the consumers to hedge their bets on The recently renovated New Continued from Page 15 $3,514—nearly $1,000 more than parties than in the game because his how far a team gets in the playoffs. York Palace, on the other hand, had fy the retired player whose guest she for last year’s game in New Orleans beloved Seahawks are playing. Like just 75 rooms left of its 909 for the will be. at the same point in time, according Ms.Rosenfield,he has a well-placed Hotel rooms available nights just before the big game. The player has a good friend who to SeatGeek, a ticket search engine. friend: a Seahawks executive with In November, Mr. Mahoney Almost half the property’s rooms plays for the Seahawks, so Ms. Price is not an issue for Shae access to tickets at face value—from bought eight reservations—four were sold months ago to a credit-card Rosenfield expects to be part of a Hong,a football fanatic who watch- $500 to $1,200 each. riding on the San Francisco 49ers company and a sports network,which Seahawks-jersey-clad entourage, es games on three large flat-screens Mr. Hong said he will be at and four on the Broncos—for $200 are hosting their top executives and she said, that will travel to the game with his 5-year-old son in their MetLife Stadium regardless of how apiece, knowing if either team customers in style,according to Gen- in a corporate-sponsored bus. Manhattan man cave. The founder he gets tickets. A gaggle of his Seat- reached the Super Bowl he would eral Manager David Chase. “We’ll probably tailgate and go to and chief executive of Sensio Inc., tle cronies are traveling here, too— pay the face value for four tickets, The hotelier is giddy that three of some party in New Jersey,” she said. which makes small kitchen appli- some staying at his apartment. sharing them with his 23-year-old the property’s four triplex suites, ances,pays exclusive concierge serv- His dilemma is how his son will son and two friends.Their plan is to which rent for up to $30,000 a night, Prices vary ice Quintessentially Lifestyle fare if Feb. 2 is frigid. “Even good drive downstate Jan. 31 and stay are booked for Super Bowl week by Ms. Rosenfield doesn’t know $20,000 annually to get him covet- seats are not going to be so comfort- with a friend outside the city. an NFL owner, a hip-hop artist and whether she’ll be in a toasty suite or ed tickets, among other things. Mr. able because of the weather,” Mr. If Mr. Mahoney preferred a ho- a foreign prince. out in the elements,but she expects to Hong used it in 2010 to score Super Hong said.“He’s going either way. I tel, he would likely find a room— Mr. Chase concedes that the be at the stadium earlier than most Bowl tickets for himself and his wife just ordered him a bunch of Sea- and not at an outrageous price. Palace is in a unique position. because alumni players,including her in Miami, shelling out $6,000 for hawks cold-weather gear.” “The anticipation in the city was “The reality is you can get a room friend,are called on to meet and greet two prime seats on the 40-yard line. Cold is no concern for Buffalo that this would be a sellout [for ho- for $359 that week,” he said. “They fans at special events before kickoff. This year, Quintessentially is resident Mark Mahoney, who will tels],” said Kate Martin, general are out there,and you can get a room “I hope I’m in a suite, but some of fielding more requests for tickets to be attending by way of ingenuity manager of the Hotel Chandler on for less today than you could a few these players like to stand on the the hottest football parties, such as rather than connections. East 31st Street. Many made book- months ago.” field,” she said. Either way,she won’t the Maxim and DirectTV extrava- “I’m not scared off by the outdoor ings nonrefundable, with four-day For game tickets,though,it’s just have to pay,which is no small savings ganzas, than for the game itself, said aspect of the game,” said the super- minimums. But around October, it the opposite. Ⅲ considering that tickets were selling Jacob Zucker, member-benefits market executive, a Bills fan who became clear that the city’s 100,000 on the secondary market 13 days be- manager for the firm. went to the Super Bowl when his rooms would be more than suffi- LISTEN to a discussion at fore the game for an average of “In the past, some of these par- team did in 1994.That year, he won cient, Ms. Martin said. CrainsNewYork.com/podcasts The art of football

Continued from Page 15 that he wasn’t sure whether it would Make the Call: Learn to Be an NFL lead to any new members or donors, Official.” Meanwhile, the Harlem but he was hopeful. At least the at- Fine Arts Show, which showcases traction didn’t cost him a dime.The work on the African diaspora,is fea- expense, between $35,000 and turing a section with creations made $50,000, was picked up by the by current and former NFL players. league, according to Terell Canton, “The hope is that some families program manager with the NFL. who have never been before will vis- “The decision to work with the it,”said Andrew Ackerman,executive museum made sense,”said Mr.Can- director of the Children’s Museum. ton. “We got to work with the kids “Hopefully, they will and put on even a big- then see that the art and ger exhibit.” culture world is great.” Yet the exhibit wasn’t Players draw notice the museum’s idea. The Dion Clarke, NFL had created offici- founder of the Harlem ating exhibits for the last Fine Arts Show, said two Super Bowls. This teaming up with the season, however, there NFL Players Associa- was no big central event tion to sell paintings, at a convention center to sculptures and other set up shop, so the wares created by its league looked around members was a win- for a space. The NFL and the Chil- win. He said he hoped that the dren’s Museum found each other via prospect of meeting current and for- the Super Bowl host committee and mer players would draw more visi- the Tisch family, which co-owns the tors to the four-day show, which Giants and also supports the Upper starts Jan. 30. Some former football West Side institution.In the past,the stars with work on display include officiating exhibit was designed for Ray Lewis, Andre Collins and Phil adults, but the NFL and the museum Crosby. A larger crowd at the fair worked together to create a kid- could help the other, non-NFL friendly attraction. artists sell more work. Additionally, the players have pledged that a per- Exhibits ‘fit the mission’ centage of their sales will be donat- The exhibit is designed to ad- ed to the Harlem School of the Arts. dress children’s critical thinking “The NFL fit into what we were skills and their need for physical ac- trying to do, which is promote art,” tivity. One element, a “You Make said Mr. Clarke. the Call” booth, allows children The Met didn’t reach out to the (and adults) to watch instant replays NFL to help with its exhibit, which and consider what they would have is scheduled to end Feb.10.Fans can ruled.There’s also an obstacle course see the evolution of football cards, and the chance to participate in a which at first looked like black-and- “zebra dance,” partially made up of white mug shots and progressed different officiating call signals, to into colorful, detailed marketing keep kids moving. tools featuring player statistics. “The exhibit fits with the mis- “We just thought this would be sion,”said Mr.Ackerman.He added fun,” said Ms. Spira. Ⅲ

16 | Crain’s New York Business | January 27, 2014 20140127-NEWS--0017-NAT-CCI-CN_-- 1/23/2014 5:31 PM Page 1

NEXT WEEK: THE New York City’s Largest Hotels NYC’s top health LIST Ranked by number of rooms nonprofits THE SCOOP TRENDS

espite significant growth in the number of city hotel rooms in 2013, the de- ROOM FOR GROWTH IN NYC mand for places to stay kept pace and even exceeded expectations. New and ex- panding hotels added about 7,000 rooms last year, according to estimates from Active room inventory (in thousands) 100% Avg. hotel occupancy 99.0 NYC & Company, an 8% increase, bringing the total inventory to 99,000. 92.0 86.6 89.7 New York City has more hotel rooms than ever, yet the occupancy rate 80.9 Dclimbed to an estimated 88% across the five boroughs thanks to a record 54 million tourists 76.4 and an improving economy.The surge in rooms comes just in time for the 400,000 visitors ex- pected for the Super Bowl in East Rutherford,N.J.,according to the NY/NJ Super Bowl Host 87.8% Committee. “The demand is still there,” said Ann Peterson, president and general manager of the New Yorker Hotel (No. 8), which is opening 114 rooms in January as part of a $30 million renovation and a rebranding to Wyndham International.“Business is strong, and there’s a lot of develop- ment in the city.While there’s new supply,we’re just starting to feel its effects.”The New York- 80% er reported an impressive 95% occupancy rate through 2013, and saw its average room rate 2008 2009 2010 2011 2012 2013* grow 15%, to $232. * Estimate Source: NYC & Company Eight of the city’s largest hotels added rooms in 2013, according to Crain’s research. Only two reported fewer rooms: the Edison Hotel (No.13) began a three-year full renovation and took 51 rooms offline, and the Park Central (No. 17) shed 174 rooms when its parent company, BIG BUCKS istockphoto LaSalle Hotel Properties, opened the WestHouse hotel next door. Other upcoming openings Direct visitor spending (in billions) MORE ROOMS, HIGHER COST include the Park Hyatt New York in One57, the tallest residential building in the Western Hemisphere, and the 273-suite New York Edition Hotel, scheduled to debut in 2015 in the Room Avg. $39.4 nights daily Flatiron district’s MetLife Clock Tower building. $36.9 sold room The city now has 36% more hotel rooms than in 2006, according to NYC & Company,and $34.5 (millions) rate $32.0 $31.5 is expected to add another 11% by 2016.Of the 10,000 rooms in the pipeline for the New York 2006 22.4 $267 area,about 4,000 are “moderately priced,”according to PKF Consulting.These include brands $28.2 like the 408-room Holiday Inn, set to open in mid-2014 on Washington Street, and the 300- 2007 22.9 $303 room Hampton Inn Times Square, scheduled to open in 2015. 2008 23.3 $307 “We’re starting to develop more lower-priced options,” said John Fox, a senior vice presi- 2009 23.6 $237 dent at PKF Consulting.“When we do that,it opens up the market,particularly to more budg- 2010 25.8 $261 et-minded travelers.” 2011 27.2 $273 With thousands more rooms on the way, and new hotels at different levels of the market, Mr. Fox expects the city’s occupancy rate to decrease in 2014, even as the number of nights 2012 29.0 $281 sold rises. “The increase in demand will be slightly less than the increase in supply,” he said. 2008 2009 2010 2011 2012 2013* 2013* 30.0 $296 —nicholas wells * Estimate Source: NYC & Company * Estimate Sources: NYC & Company, PKF Consulting

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ontinued on Page 18

January 27, 2014 | Crain’s New York Business | 17 20140127-NEWS--0018-NAT-CCI-CN_-- 1/23/2014 5:32 PM Page 1

THE LIST New York City’s Largest Hotels

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

FOR ANY CRAIN’S LIST, GO TO WWW.CRAINSNEWYORK.COM/LISTS

Crain’s Arts & Culture Breakfast INVENTIONS AND REINVENTIONS

How new and newly renovated institutions are reshaping New York’s cultural landscape.

Armchair Laurie M. Tisch, President, Laurie M. Tisch Illumination Fund Discussion with Jill Kaplan, Vice President and Publisher, Crain’s New York Business

Caroline Baumann, Director, Smithsonian’s Cooper-Hewitt, National Design Museum Panel Joe Daniels, President and CEO, National September 11 Memorial & Museum Discussion Jeff rey Horowitz, Founding Artistic Director, Theatre for a New Audience Glen Whitney, Founder and Executive Director, National Museum of Mathematics

Cost to $90 for individual ticket(s) / $900 for table(s) of ten / Early bird pricing ends January 30. Attend

REGISTER TODAY » crainsnewyork.com/events-artsmarch2014

Monday, March 3, 2014 / Con Edison Conference Center / 4 Irving Place 8:00 a.m. - 8:30 a.m.: Networking Breakfast / 8:30 a.m. - 10:00 am: Program

You must be pre-registered to attend this event. No refunds permitted. For more information, contact Adrienne Yee at 212-210-0739 Sponsored by: or email [email protected]. For sponsorship opportunities, contact Lauren Black at 212-210-0736 or [email protected].

18 | Crain’s New York Business | January 27, 2014 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES TELECOMMUNICATIONS Notice of Qualification of JCMC 251-253 Notice of Qualification of 1-6 Sears Notice of Application for Authority of Notice of Qualification of NCWPCS NYC'S MOTOROLA LLC. Authority filed with Secy. of State Elmsford LLC. Authority filed with NY INNO KNITS LLC filed with the Secy. MPL 32 - Year Sites Tower Holdings MOTOTRBO SPECIALISTS of NY (SSNY) on 12/27/13. Office Dept. of State on 12/12/13. Office of State of NY (SSNY) on 11/19/13. LLC. Authority filed with NY Dept. of MOTOTRBOTM location: NY County. LLC formed in location: NY County. Princ. bus. The LLC was formed in NC on 9/18/07. State on 11/27/13. Office location: Professional Digital Two-way Radio Delaware (DE) on 12/26/13. Princ. addr.: 825 3rd Ave., Fl 37, NY, NY Office loc.: New York County. SSNY NY County. Princ. bus. addr.: 1025 System provides significant productivity office of LLC: Joseph Chetrit, c/o The 10022. LLC formed in DE on is designated as agent of LLC upon Lenox Park Blvd. NE, Atlanta, GA gains - reliably and affordably. Chetrit Group LLC, 512 Seventh Ave., 1/31/08. NY Sec. of State designated whom process against it may be 30319. LLC formed in DE on 11/6/13. • Clearer voice capability and enhanced 15th Fl., NY, NY 10018. SSNY desig- agent of LLC upon whom process served. The address SSNY shall mail NY Sec. of State designated agent of battery life • Integrated voice and data for better nated as agent of LLC upon whom against it may be served and shall copy of process to is 530 Seventh LLC upon whom process against it productivity and privacy process against it may be served. mail process to: c/o CT Corporation Ave., Ste. 2802, New York, NY 10018. may be served and shall mail process • Text messaging SSNY shall mail process to the LLC System, 111 8th Ave., NY, NY 10011, The office address required to be to: c/o CT Corporation System, 111 • Doubles channel call capacity for at the addr. of its princ. office. DE regd. agent upon whom process may maintained in NC is 3221 Avent Ferry 8th Ave., NY, NY 10011, regd. agent the price of one license addr. of LLC: Corporation Service be served. DE addr. of LLC: 1209 Rd., Raleigh, NC 27606. Cert. of upon whom process may be served. *$100 TRADE-IN PER RADIO Co., 2711 Centerville Rd., Ste. 400, Orange St., Wilmington, DE 19801. formation filed with Elaine F. Marshall, DE addr. of LLC: 1209 Orange St., Call to learn more or to Wilmington, DE 19808. Arts. of Org. Cert. of Form. filed with DE Sec. of Sec. of State, 2 S. Salisbury St., Old Wilmington, DE 19801. Cert. of Form. schedule a professional, filed with Secy. of State of DE, Div. of State, 401 Federal St., Dover, DE Revenue Bldg. Complex, Raleigh, NC filed with DE Sec. of State, 401 no-obligation survey or on-site demo. Corps., John G. Townsend Bldg., 19901. Purpose: all lawful purposes. 27601. Purpose: Any lawful activity. Federal St., Dover, DE 19901. 401 Federal St. - Ste. 4, Dover, DE Purpose: all lawful purposes. 19901. Purpose: Any lawful activity. Notice of Formation of MISS NYC LLC. NOTICE OF QUALIFICATION of A.C. Arts. of Org. filed with Secy. of State CONSTRUCTION AND RACING LLC. NOTICE OF FORMATION OF NOTICE OF FORMATION OF of NY (SSNY) on 7/17/13. Office Authority filed with Secy of State of NY KIESERMAN TRADING,LLC. Arts of Pomeroy Law Group PLLC. Arts of location: NY County. SSNY designated (SSNY) on 11/20/13. Office location: Org filed with Secy of State of NY Org filed with Secy of State of NY as agent of LLC upon whom process NY County. LLC formed in NJ on (SSNY) on 11/13/13. Office location: 33 East 33rd Street (SSNY) on 12/9/13. Office location: against it may be served. SSNY shall 12/11/00. SSNY designated agent NY County. SSNY designated agent New York, NY 10016 NY County. SSNY designated agent mail process to: Giorgia Tordini, 615 upon whom process may be served upon whom process may be served 212-532-7400 upon whom process may be served Hudson Street, Suite 1, New York, NY and shall mail copy of process against and shall mail copy of process against www.metrocomradio.com and shall mail copy of process 10014. Purpose: any lawful activity. LLC to principal business address: LLC to principal business address: against LLC to principal business 10 WHITE OAK RD, ROSELAND, NJ 152 E 94th ST apt 3A, NY, NY address: 230 Central Park W NY, NY NOTICE OF FORMATION OF RAMSEY 07068. Cert. of LLC filed with Secy of 10128-2550. Purpose: any lawful act. 10024. Purpose: any lawful act. SOLUTIONS LLC. Arts of Org filed State of NJ: PO BOX 002, Trenton, NJ PUBLIC & with Secy of State of NY (SSNY) on 08625-0002. Purpose: any lawful act. FRUITION MARKETING CONSULTING, Notice of Formation of S.M.R.D. 11/21/13. Office location: NY County LLC, a domestic LLC, currently LEGAL NOTICES Estate Planning Law Group, P.L.L.C. SSNY designated agent upon whom Notice of Qual. of 1231 Third Funding known as YORKVILLE MARKETING Arts. of Org. filed with NY Dept. of process may be served and shall mail LLC, Auth. filed Sec’y of State (SSNY) CONSULTING LLC, filed with the NOTICE OF FORMATION OF LIMITED State on 10/25/13. Office location: NY copy of process against LLC to: 1056 10/11/13. Office loc.: NY County. LLC SSNY on 10/29/13. Office location: LIABILITY COMPANY. NAME: County. Secy. Of State designated Neilson St Apt 1D Far Rockaway, NY org. in DE 9/27/13. SSNY desig. as New York County. SSNY is designated DOWNTOWN TACOS LLC. Articles of as agent of LLC upon whom process 11691. Principal business address: agent of LLC upon whom process as agent upon whom process Organization were filed with the against it may be served. Secy. Of 228 Park Ave S #29075 NY, NY against it may be served. SSNY shall against the LLC may be served. Secretary of State of New York (SSNY) State shall mail process to: c/o 10003-1502. Purpose: any lawful act. mail copy of proc. to NRAI, 111 SSNY shall mail process to The LLC, on 12/27/12. Office location: New York Sandra M. Rodriguez-Diaz, 375 Eighth Ave., NY, NY 10011, the Reg. 425 E. 79th St., Apt. 11M, NY, NY County. SSNY has been designated South End Ave., Apt. 5A, NY, NY Notice of Formation of RL PAYMASTER Agt. upon whom proc. may be served. 10075. General Purpose. as agent of the LLC upon whom 10280, registered agent upon whom LLC. Arts. of Org. filed with Secy. of DE off. addr.: 160 Greentree Dr., Ste. process against it may be served. process may be served. Purpose: State of NY (SSNY) on 11/26/13. 101, Dover, DE 19904. Cert. of Form. Notice of Qual. of 117 Adams Owner SSNY shall mail a copy of process to any lawful activity. Office location: NY County. SSNY on file: SSDE, Townsend Bldg., Dover, LLC, Auth. filed Sec’y of State (SSNY) the LLC, 11 Carmine Street, New designated as agent of LLC upon whom DE 19901. Purp.: any lawful activities. 9/12/13. Office loc.: NY County. LLC Notice of Qualification of 155 West process against it may be served. org. in DE 8/20/13. SSNY desig. as York, New York 10014. Purpose: For 23rd Street Holder LLC. Authority SSNY shall mail process to: The Notice of Formation of Tic Toc Tower agent of LLC upon whom process any lawful purpose. filed with NY Dept. of State on LLC, 247 W. 37th St., New York, NY LLC. Arts. of Org. filed with NY Dept. against it may be served. SSNY shall 12/11/13. Office location: NY County. 10018. Purpose: any lawful purpose. of State on 12/13/13. Office location: mail copy of proc. to 1166 Ave of the Notice of Qual. of 175 Pearl Owner Princ. bus. addr.: 805 3rd Ave., 7th NY County. Sec. of State designated Americas, 27th Fl., NY, NY 10036. DE LLC, Auth. filed Sec’y of State (SSNY) Fl., NY, NY 10022. LLC formed in NOTICE OF FORMATION of White agent of LLC upon whom process off. addr.: 160 Greentree Dr., Ste. 101, 9/12/13. Office loc.: NY County. LLC DE on 7/11/13. NY Sec. of State Square Art Collection, LLC. Articles against it may be served and shall Dover, DE 19904. Cert. of Form. on org. in DE 8/20/13. SSNY desig. as designated agent of LLC upon whom of Organization filed with the mail process to: c/o Andrew W. file: SSDE, Townsend Bldg., Dover, DE agent of LLC upon whom process process against it may be served Secretary of State of NY (SSNY) on Heymann, Solomon Blum Heymann 19901. Purp.: any lawful activities. against it may be served. SSNY shall and shall mail process to: c/o CT 11/26/13. Office location: NY County. LLP, 40 Wall St., 35th Fl., NY, NY mail copy of proc. to 1166 Ave of the Corporation System, 111 8th Ave., SSNY has been designated as agent 10005, principal business address. Notice of Formation of SDF62 Americas, 27th Fl., NY, NY 10036. DE NY, NY 10011, regd. agent upon upon whom process against it may Purpose: all lawful purposes. Jamaica Avenue LLC. Arts. of Org. off. addr.: 160 Greentree Dr., Ste. 101, whom process may be served. DE be served. The Post Office address filed with NY Dept. of State on Dover, DE 19904. Cert. of Form. on addr. of LLC: 1209 Orange St., to which the SSNY shall mail a copy Notice of Formation of EMIL/NAVY 10/31/13. Office location: NY file: SSDE, Townsend Bldg., Dover, DE Wilmington, DE 19801. Cert. of of any process against the LLC YARD LLC. Arts. of Org. filed with County. Princ. bus. addr.: 825 3rd 19901. Purp.: any lawful activities. Form. filed with DE Sec. of State, served upon him is CT Corporation Secy. of State of NY (SSNY) on Ave., Fl 37, NY, NY 10022. Sec. of 401 Federal St., Dover, DE 19901. System, 111 8th Avenue, New York, 12/16/13. Office location: NY County. State designated agent of LLC upon Notice of Qualification of LoanCare, Purpose: all lawful purposes. NY 10011. Purpose of LLC: to SSNY designated as agent of LLC whom process against it may be LLC. Authority filed with NY Dept. of engage in any lawful act or activity. upon whom process against it may served and shall mail process to: c/o State on 1/14/14. Office location: NY NOTICE OF FORMATION OF Razor be served. SSNY shall mail process CT Corporation System, 111 8th County. LLC formed in VA on 12/2/13. Capital LLC. Arts of Org filed with Secy HJ REALTY M18 LLC, Arts of Org to: 24 W. 57th St., Ste. 504, New Ave., NY, NY 10011, regd. agent NY Sec. of State designated agent of of State of NY (SSNY) on 3/24/09. filed with SSNY on 12/09/13. Off. York, NY 10019, Attn: David Emil. upon whom process may be served. LLC upon whom process against it may Office location: NY County. SSNY Loc.: New York County, SSNY desig- Purpose: any lawful activity. Purpose: any lawful activity. be served and shall mail process to: designated agent upon whom process nated as agent of LLC upon whom CT Corporation System, 111 8th may be served and shall mail copy of process against it may be served. Notice of Qualification of 280 Meeker Notice of Formation of 445 Ave., NY, NY 10011. VA and principal process against LLC to: CT SSNY shall mail a copy of process LLC. Authority filed with NY Dept. of LAFAYETTE 6A LLC. Arts. of Org. business address: 3637 Sentara Way, Corporation System, 111 Eighth Ave, NY, to: The LLC, 136-20 38th Ave., Ste. State on 10/7/13. Office location: NY filed with Secy. of State of NY Virginia Beach, VA 23452. Cert. of Org. NY 10011. Purpose: any lawful act. 7J, Flushing, NY 11354. Purpose: to County. LLC formed in DE on 9/13/13. (SSNY) on 12/11/13. Office location: filed with VA Clerk of the Commission, engage in any lawful act. NY Sec. of State designated agent NY County. Princ. office of LLC: c/o 1300 E. Main St., Richmond, VA NOTICE OF FORMATION OF LIMITED of LLC upon whom process against Gerald T. Renza, CPA, Attn: Gerald T. 23219. Purpose: all lawful purposes. LIABILITY COMPANY. NAME: 11 666 COURTLANDT AVE. LLC, a it may be served and shall mail Renza, 200 Midway Rd., #8510, CARMINE TACOS LLC. Articles of domestic LLC, filed with the SSNY on process to: c/o Synapse Capital Cranston, RI 02920-0510. SSNY Notice of Formation of GM 87 Realty Organization were filed with the 12/10/13. Office location: New York Advisors, 138 W. 25th St., 11th Fl., designated as agent of LLC upon LLC, Art. of Org. filed Secy. of State Secretary of State of New York County. SSNY is designated as agent NY, NY 10001, principal business whom process against it may be of NY (SSNY) on 11/08/2013. Office (SSNY) on 09/23/10. Office location: upon whom process against the LLC address. DE address of LLC: 1209 served. SSNY shall mail process to location: New York County. SSNY New York County. SSNY has been may be served. SSNY shall mail process Orange St., Wilmington, DE 19801. the LLC at the addr. of its princ. Designated as agent of LLC upon whom designated as agent of the LLC upon to Mandell Mandell LLP, 3000 Marcus Cert. of Form. filed with DE Sec. of office. Purpose: Any lawful activity. process against it may be served. SSNY whom process against it may be Ave., Ste. 2E7, Lake Success, NY State, 401 Federal St., Dover, DE shall mail copy of process to: The served. SSNY shall mail a copy of 11042. General Purpose. 19901. Purpose: all lawful purposes. Notice of Formation of Limited LLC, 87 Mulberry St, New York, NY process to the LLC, 11 Carmine Partnership (LP) Name: COMMODORE 10013. Purpose: any lawful activity. Street, New York, New York 10014. NOTICE OF QUALIFICATION of Notice of Qualification of NCWPCS REALTY ASSOCIATES L.P. Certificate Purpose: For any lawful purpose. YIPCPA, LLC. Application for MPL 33 - Year Sites Tower Holdings of Limited Partnership filed by the Notice of Qualification of ARC Authority filed with the Secretary of LLC. Authority filed with NY Dept. of Department of State of New York on: CAFEHLD001, LLC. Authority filed NOTICE OF FORMATION OF State of NY (SSNY) on 09/17/13. State on 11/27/13. Office location: 12/04/2013. Office location: County with Secy. of State of NY (SSNY) on PROFESSIONAL SERVICE LIMITED Office location: NY County. LLC NY County. Princ. bus. addr.: 1025 of New York. Purpose: any and all 12/05/13. Office location: NY County. LIABILITY COMPANY. NAME: formed in FL on 09/17/08. SSNY Lenox Park Blvd. NE, Atlanta, GA lawful activities. The names and LLC formed in Delaware (DE) on KOSSOFF, PLLC. Articles of designated agent upon whom process 30319. LLC formed in DE on business or residence street address 06/06/13. Princ. office of LLC: 106 Organization were filed with the against it may be served. The Post 11/6/13. NY Sec. of State designated of each general partner is available York Rd., Jenkintown, PA 19046. Secretary of State of New York (SSNY) Office address to which the SSNY agent of LLC upon whom process from the Secretary of State of New York SSNY designated as agent of LLC on 12/06/13. Office location: New York shall mail a copy of any process against it may be served and shall (SSNY). The latest date upon which upon whom process against it may County. SSNY has been designated against the LLC served upon him/her mail process to: c/o CT Corporation the limited partnership is to dissolve be served. SSNY shall mail process as agent of the PLLC upon whom is: 711 Alcazar Ave., Coral Gables, FL System, 111 8th Ave., NY, NY 10011, is: 12/31/2061. Secretary of State of to c/o CSC, 80 State St., Albany, NY process against it may be served. 33134. Principal business address: regd. agent upon whom process may New York (SSNY) designated as 12207. DE addr. of LLC: 2711 SSNY shall mail a copy of process 2 South Biscayne Boulevard, Ste be served. DE addr. of LLC: 1209 agent of LLC upon whom process Centerville Rd., Ste. 400, Wilmington, to the PLLC, c/o Mitchell Kossoff, 2690, Miami, FL. Certificate of LLC Orange St., Wilmington, DE 19801. against it may be served. SSNY shall DE 19808. Arts. of Org. filed with DE 217 Broadway, Suite 401, New York, filed with Secretary of State of FL Cert. of Form. filed with DE Sec. of mail a copy of process to: c/o The Secy. of State, Div. of Corps., 401 New York 10007. Purpose: For the located at P.O. Box 6327. Purpose: State, 401 Federal St., Dover, DE Argo Corporation, 50 West 17th Federal St., Ste. 4, Dover, DE 19901. practice of the profession of Law. any lawful act or activity. 19901. Purpose: all lawful purposes. Street, New York, NY 10001. Purpose: Any lawful activity.

January 27, 2014 | Crain’s New York Business | 19 TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of ALVAREZ & Notice of Qualification of COOP & NOTICE OF FORMATION OF LIMITED Notice of Qualification of AnovoRx Notice of Qualification of TRAVELERS MARSAL LIQUID ASSET MANAGE- SPREE RETAIL LLC. Authority filed LIABILITY COMPANY. NAME: 1111 Group, LLC. Authority filed with Secy. REAL ESTATE, LLC. Authority filed MENT SERVICES, LLC. Authority with Secy. of State of NY (SSNY) on LEXINGTON TAQUERIA LLC. Articles of State of NY (SSNY) on 06/14/13. with Secy. of State of NY (SSNY) on filed with Secy. of State of NY (SSNY) 12/18/13. Office location: NY County. of Organization were filed with the Office location: NY County. LLC 12/10/13. Office location: NY County. on 01/10/14. Office location: NY LLC formed in Delaware (DE) on Secretary of State of New York formed in Tennessee (TN) on 05/2/12. LLC formed in Delaware (DE) on County. LLC formed in Delaware (DE) 12/17/13. SSNY designated as agent (SSNY) on 12/08/10. Office location: Princ. office and TN addr. of LLC: 1710 12/04/13. NYS fictitious name: on 01/02/14. Princ. office of LLC: of LLC upon whom process against New York County. SSNY has been N. Shelby Oaks Dr., Ste. 2, Memphis, TRAVELERS BROKER SERVICES, 600 Madison Ave., 8th Fl., NY, NY it may be served. SSNY shall mail designated as agent of the LLC upon TN 38134. SSNY designated as LLC. SSNY designated as agent of 10022. SSNY designated as agent of process to c/o Corporation Service whom process against it may be agent of LLC upon whom process LLC upon whom process against it LLC upon whom process against it Co. (CSC), 80 State St., Albany, NY served. SSNY shall mail a copy of against it may be served. SSNY shall may be served. SSNY shall mail may be served. SSNY shall mail 12207-2543. DE addr. of LLC: CSC, process to the LLC, c/o Helbraun & mail process to the LLC at the princ. process to Corporation Service Co., process to c/o Corporation Service 2711 Centerville Rd., Ste. 400, Levey LLP, 110 William Street, Suite office of the LLC. Arts. of Org. filed 80 State St., Albany, NY 12207-2543. Co. (CSC), 80 State St., Albany, NY Wilmington, DE 19808. Arts. of Org. 1410, New York, New York 10038. with Secy. of State, 312 Rosa L. Parks DE addr. of LLC: 2711 Centerville 12207-2543. DE addr. of LLC: c/o filed with Secy. of State of DE, 401 Purpose: For any lawful purpose. Ave., 6th Fl., Nashville, TN 37243- Rd., Ste. 400, Wilmington, DE 19808. CSC, 2711 Centerville Rd., Ste. 400, Federal St., Ste. 4, Dover, DE 19901. 1102. Purpose: Any lawful activity. Arts. of Org. filed with Secy. of State, Wilmington, DE 19808. Arts. of Org. Purpose: Any lawful activity. Notice of formation of FASCET India 401 Federal St., Dover, DE 19901. filed with Secy. of State of DE, 401 LLC. Arts of Org filed with Secy of Notice of Formation of Just Drew, LLC. Purpose: Any lawful activity. Federal St., Dover, DE 19901. Notice of Qual. of 902-908 Bedford State of NY (SSNY) on 10/18/13. Arts. of Org. filed with Secy. of State Purpose: Any lawful activity. LLC, Auth. filed Sec’y of State (SSNY) Office location: NY County. SSNY of NY (SSNY) on 12/11/13. Office Notice of Formation of 315 Wyckoff 9/17/13. Office loc.: NY County. LLC designated agent upon whom location: NY County. SSNY designated Holding LLC. Arts. of Org. filed with Notice of Formation of A2 COLLEC- org. in DE 5/21/13. SSNY desig. as process may be served and shall as agent of LLC upon whom process Secy. of State of NY (SSNY) on TIONS, LLC. Arts. of Org. filed with agent of LLC upon whom process mail copy of process against LLC to against it may be served. SSNY shall 12/23/13. Office location: NY County. Secy. of State of NY (SSNY) on against it may be served. SSNY shall principal business address: 224 W mail process to: Michael L. Warren, SSNY designated as agent of LLC 06/24/13. Office location: NY County. mail copy of proc. to NRAI, 111 30th St, Ste 203, NY, NY 10001. 115 Central Park West, New York, NY upon whom process against it may SSNY designated as agent of LLC Eighth Ave., NY, NY 10011, the Reg. Purpose: any lawful act. 10023. Purpose: any lawful activity. be served. SSNY shall mail process upon whom process against it may be Agt. upon whom proc. may be served. to: c/o Margate Atlantic, 250 Passaic served. SSNY shall mail process to DE off. addr.: 160 Greentree Dr., Ste. NASHBAN MANSUR LLC, a domestic Notice of Formation of BERLEY & Street, Newark, NJ 07104. Purpose: Corporation Service Co., 80 State St., 101, Dover, DE 19904. Cert. of Form. LLC, Arts. of Org. filed with the SSNY CO., LLC. Arts. of Org. filed with Secy. any lawful purpose. Albany, NY 12207, regd. agent upon on file: SSDE, Townsend Bldg., Dover, on 12/4/13. Office location: New York. of State of NY (SSNY) on 12/05/13. whom and at which process may be DE 19901. Purp.: any lawful activities. SSNY is designated as agent upon Office location: NY County. Princ. BROTHERS GRIN LLC, Arts. of Org. served. Purpose: Any lawful activity. whom process against the LLC may office of LLC: c/o David I. Berley and filed with the SSNY on 12/13/2013. Notice of Formation of 888 Old be served. SSNY shall mail process to: Marc Berley, 419 Park Ave. South, 15th Office location: NY County. SSNY has Notice of Formation of NLB 2013 LLC. Country Road, LLC. Arts. of Org. David Mansur, 402 W. 45th St., #5C, Fl., NY, NY 10016. SSNY designated been designated as agent upon whom Arts. of Org. filed with Secy. of State filed with Secy. of State of NY (SSNY) NY, NY 10036. Purpose: Fundraising. as agent of LLC upon whom process process against the LLC may be of NY (SSNY) on 12/31/13. Office on 11/27/13. Office location: NY against it may be served. SSNY shall served. SSNY shall mail process to: location: NY County. Princ. office of County. SSNY designated as agent Notice of Formation of Transatlantique mail process to Kudman Trachten Aloe 51 Mountain Ave., Hawthorne, NJ LLC: 325 North End Ave., Apt. 14F, of LLC upon whom process against Private Wealth LLC. Arts. of Org. filed LLP, 350 Fifth Ave., Ste. 4400, NY, NY 07506. Purpose: Any Lawful Purpose. NY, NY 10282. SSNY designated as it may be served. SSNY shall mail with Secy. of State of NY (SSNY) on 10118. Purpose: Any lawful activity. agent of LLC upon whom process process to: The LLC, 358 Saw Mill 12/18/13. Office location: NY County. J. STREICHER ADVISORY LLC, a against it may be served. SSNY River Rd., Millwood, NY 10546. SSNY designated as agent of LLC PAULSON ADVANTAGE II L.P. foreign LLC, filed with the SSNY on shall mail process to the LLC at the Purpose: any lawful activities. upon whom process against it may be Authority filed with Secy. of State of NY 11/12/13. Office location: New York addr. of its princ. office. Purpose: served. SSNY shall mail process to: (SSNY) on 10/22/13. Office location: County. SSNY is designated as Notice of Formation of COIN Any lawful activity. The LLC, 520 Madison Ave., NY, NY NY Co. LP formed in Delaware (DE) agent upon whom process against VALIDATION LLC. Arts. of Org. filed 10022. Purpose: any lawful activities. on 9/23/13. SSNY designated as the LLC may be served. SSNY shall with Secy. of State of NY (SSNY) on NOTICE OF FORMATION OF agent of LP upon whom process mail process to: The LLC, 1 10/09/13. Office location: NY County. Siskopoulos Law Firm, LLP. Arts of DUMBO URP HOLDING, LLC, a against it may be served. SSNY shall Exchange Plz., Ste. 312, NY, NY Princ. office of LLC: One Penn Plaza, Org filed with Secy of State of NY domestic LLC, filed with the SSNY mail process to The LP, 1251 Ave. of 10006. General Purposes. NY, NY 10119. SSNY designated as (SSNY) on 10/15/13. Office location: on 11/14/13. Office location: New York the Americas, New York, NY 10020. agent of LLC upon whom process NY County. SSNY designated agent County. SSNY is designated as DE address of LP: 1209 Orange St., THE HAYES LAW GROUP LLC filed against it may be served. SSNY shall upon whom process may be served agent upon whom process against Wilmington, DE 19801. Arts. Of Org. Articles of Organization with the mail process to c/o McLaughlin & and shall mail copy of process the LLC may be served. SSNY shall filed with DE Secy. of State, PO Box Department of State of NY on Stern, LLP, 260 Madison Ave., NY, NY against LLP to principal business mail process to The LLC, 22 898, Dover, DE 19903. Purpose: any 12/12/2013. Office Location: County of 10016. Purpose: Any lawful activity. address: 33 West 19th St, 4th Flr, NY, Cortlandt St., 16th Fl., NY, NY 10007. lawful activity. New York. The street address is 1180 NY 10011. Purpose: any lawful act. General Purpose. Avenue of the Americas, 8th Fl. NY, NY GLOBAL PMC CAPITAL LLC, a Name of LLC: Plaza Retail Properties 10036. The Secretary of State of NY domestic LLC, filed with the SSNY on Notice of Formation of Gherardi USA NYC Gratitude, LLC Arts of Org filed NY LLC. Arts. of Org. filed with NY ("SSNY") has been designated as 10/31/13. Office location: New York LLC. Arts. of Org. filed with Secy. of with NY Sec of State (SSNY) on Dept. of State: 1/7/14. Office loc.: NY agent of the PLLC upon whom process County. SSNY is designated as agent State of NY (SSNY) on 12/02/13. 11/22/11. Office: New York County. Co. Sec. of State designated agent of against it may be served. SSNY upon whom process against the LLC Office location: NY County. SSNY SSNY designated as agent of LLC LLC upon whom process against it shall mail a copy of any such process may be served. SSNY shall mail process designated as agent of LLC upon upon whom process may be served. may be served and shall mail process served to: 3 Harding Lane, Westport to The LLC, 450 W. 17th St., Ste. PH3, whom process against it may be SSNY shall mail process to: 1710 1st to: Business Filings Inc., 187 Wolf CT 06880. Purpose: to practice law. NY, NY 10011. General Purpose. served. SSNY shall mail process to: Ave, #121, NY, NY 10128-4902. Rd., Ste. 101, Albany, NY 12205, regd. agt. upon whom process may Notice of Qualification of Dropship Barton Nachamie, Esq., Nachamie Notice of Formation of ELLINGTON 18 General Purposes. Spizz Cohen & Serchuk, P.C., 425 be served. Purpose: any lawful act. Vendor Group LLC. Authority filed LLC. Arts. of Org. filed with Secy. of 70 West 36th Street LLC. Arts. of with Secy. of State of NY (SSNY) on Park Ave., NY, NY 10022. Purpose: State of NY (SSNY) on 12/13/13. any lawful activities. Org. filed with NY Secy. of State NOTICE OF FORMATION OF Andthem, 1/15/14. Office location: New York Office location: NY County. SSNY (SSNY) on 01/09/14. Off. loc.: NY LLC. Arts of Org filed with Secy of County. LLC formed in California designated as agent of LLC upon Co. SSNY des. as agent of LLC upon State of NY (SSNY) on 10/28/13. (CA) on 5/8/12. SSNY designated as Notice of Qualification of Pacific Sales whom process against it may be Kitchen and Bath Centers, LLC. whom process may be served. SSNY Office location: NY County. SSNY agent of LLC upon whom process served. SSNY shall mail process to shall mail process to c/o McLaren designated agent upon whom against it may be served. SSNY shall Authority filed with NY Dept. of State c/o Rosenberg & Estis, P.C., 733 on 12/31/13. Office location: NY Engineering Group, Attn: Malcolm process may be served and shall mail process to: 1750 Howard Pl., Third Ave., NY, NY 10017. Purpose: McLaren, 100 Snake Hill Rd, West mail copy of process against LLC to Redlands, CA 92373, also address to County. LLC formed in CA on 10/5/12. Any lawful activity. NY Sec. of State designated agent of Nyack, NY 10994. Purpose: General. principal business address: 315 E. be maintained in CA. Arts of Org. LLC upon whom process against it JASMN STAR LLC, a foreign LLC, 86th St, #7PE, NY, NY 10028. filed with the CA Secy. of State, 1500 may be served and shall mail process filed with the SSNY on 11/19/13. BOGOBURR ENTERPRISES LLC, Purpose: any lawful act. 11th St., Sacramento, CA 95814. to: c/o CT Corporation System, 111 Office location: New York County. Arts. of Org. filed with the SSNY on Purpose: any lawful activities. 8th Ave., NY, NY 10011, regd. agent 01/06/2014. Office loc: NY County. Notice of Qualification of ML 29 SSNY is designated as agent upon SICKLES STREET, LLC. Authority Notice of Qualification of TMG ASSET upon whom process may be served. whom process against the LLC may SSNY has been designated as agent Principal office address: 7601 Penn upon whom process against the LLC filed with Secy. of State of NY (SSNY) MANAGEMENT LLC. Authority filed be served. SSNY shall mail process on 12/13/13. Office location: NY with Secy. of State of NY (SSNY) on Ave. S., Richfield, MN 55423. Cert. to: Cohen & Frankel LLP, 11 E. 44th may be served. SSNY shall mail of Org. filed with CA Sec. of State process to: Maggie Gonzalez, 10 E. County. LLC formed in Delaware (DE) 11/19/13. Office location: NY County. St., Ste. 1800, NY, NY 10017. on 12/05/13. Princ. office of LLC: c/o LLC formed in Delaware (DE) on 1500 11th St., Sacramento, CA General Purposes. 40th St., Suite 3203, NY, NY 10016. 95814. Purpose: all lawful purposes. Purpose: Any Lawful Purpose. A & E Real Estate Holdings, LLC, 1065 11/14/13. Princ. office of LLC: 666 Notice of Qualification of DUNBARRE Ave. of the Americas, NY, NY 10018. Fifth Ave., 8th Fl., NY, NY 10103. Notice of Qualification of JCMC 245-247 INSURANCE AGENCY, LLC. Authority NOTICE OF FORMATION of City Of SSNY designated as agent of LLC SSNY designated as agent of LLC LLC. Authority filed with Secy. of State filed with Secy. of State of NY (SSNY) New York Early Stage Life Sciences upon whom process against it may upon whom process against it may of NY (SSNY) on 12/27/13. Office on 11/07/13. Office location: NY Fund LLC. Articles of Organization be served. SSNY shall mail process be served. SSNY shall mail process location: NY County. LLC formed in County. LLC formed in Delaware (DE) were filed with the Secretary of State to Douglas F. Eisenberg at the princ. to c/o Corporation Service Co. Delaware (DE) on 12/03/13. Princ. on 08/22/13. Princ. office of LLC: 919 of New York (SSNY) on 12/20/13. office of the LLC. DE addr. of LLC: (CSC), 80 State St., Albany, NY office of LLC: Joseph Chetrit, c/o The N. Market St., Ste. 725, Wilmington, Office location: New York County. Corporation Service Co., 2711 12207-2543. DE addr. of LLC: c/o Chetrit Group LLC, 512 Seventh Ave., DE 19801. SSNY designated as SSNY has been designated as the Centerville Rd., Ste. 400, Wilmington, CSC, 2711 Centerville Rd., Ste. 400, 15th Fl., NY, NY 10018. SSNY desig- agent of LLC upon whom process agent of the LLC upon whom process DE 19808. Arts. of Org. filed with Wilmington, DE 19808. Arts. of Org. nated as agent of LLC upon whom against it may be served. SSNY shall against it may be served. SSNY Secy. of State, Div. of Corps., John filed with DE Secy. of State - Div. of process against it may be served. mail process to Corporation Service shall mail service of process (SOP) to G. Townsend Bldg., 401 Federal St., Corps., John G. Townsend Bldg., SSNY shall mail process to the LLC Co., 80 State St., Albany, NY 12207, principal business address: c/o New Ste. 4, Dover, DE 19901. Purpose: 401 Federal St. - Ste. 4, Dover, DE at the addr. of its princ. office. DE regd. agent upon whom and at York City Economic Development Any lawful activity. 19901. Purpose: Any lawful activity. addr. of LLC: Corporation Service which process may be served. DE Corporation, 110 William Street, New Co., 2711 Centerville Rd., Ste. 400, addr. of LLC: 2711 Centerville Rd., York, New York 10038. New York Wilmington, DE 19808. Arts. of Org. Ste. 400, Wilmington, DE 19808. City Economic Development Do You Want To Get Your Company In Front Of filed with Secy. of State of DE, Div. of Arts. of Org. filed with DE Secy. of Corporation is designated as agent New York City’s Influential Business Professionals? Corps., John G. Townsend Bldg., State, 401 Federal St., Dover, DE for SOP at 110 William Street, New Contact Joanne Barbieri at 212-210-0189 401 Federal St. - Ste. 4, Dover, DE 19801. Purpose: Insurance agency York, New York 10038. Purpose: any for classified advertising opportunities. 19901. Purpose: Any lawful activity. and insurance marketing services. lawful purpose.

20 | Crain’s New York Business | January 27, 2014 of experienced biotech executives science-focused VC firm in Man- “meat, shmeat”). Gotsch, president of the Partner- Shmeat and fully equipped lab space is cheap. hattan. “We used to be very splin- “New York is the center of the ship Fund for New York City,which But in the past few years, the city tered, but there’s been a coalescing fashion industry in the U.S.,and one has helped foster the biotech sector. and private groups have been fo- around the biotech industry like you of the most exciting and creative “That provides incentives for people Continued from Page 1 cused on making New York a center see in Boston and San Diego.” food environments,” Mr. Forgacs to make investments.” will be beef and pork that even veg- for biotech just as it has become one The investment climate overall said. “We look forward to working Mr. Forgacs hopes to make it to etarians could love. for consumer tech. And those ef- for the sector has improved lately, with talent on both fronts.” New York by this summer. Already “We grow genuine leather with- forts have been speeding up in re- noted Greg Vlahos, a partner at Access to New Jersey’s flavor and he’s in talks with fashion and textile out having to kill animals or wreck cent months. PricewaterhouseCoopers who cred- fragrance companies,as well as New producers, and foresees varied uses the environment,” Chief Executive In October, the city’s Economic its the high number of recent York’s biomedical research institu- for Modern Meadow’s cultured Andras Forgacs said last week over a Development Corp. put out a re- biotech IPOs. VC investment in tions, including scientists working leather, which is generated from bowl of all-natural oatmeal in the quest for proposals for an incubator biotech nationwide rose 8% in 2013, on tissue engineering, also played a harmless biopsies of living animals. meatpacking district. “And we can to house graduates of the Harlem to $4.5 billion. New York did even role in Modern Meadow’s decision. Production of cultured meat is a dial in certain performance and aes- Biosphere, which opened in No- better, with spending spiking 27%, But first, the company needs tax longer and more complicated thetic qualities that are appealing to vember and quickly filled with start- to $327 million, putting the city in breaks and a BioBAT lease, which process, involving Food and Drug high fashion.” ups.And in December,the EDC an- fifth place, behind Washington, would make the move economically Administration approval—and nounced a $100 million early-stage D.C., according to The MoneyTree feasible. Modern Meadow hopes to winning over skeptics of “Franken- Building lab space funding initiative—a crucial piece of Report from PwC and the National qualify for the new Start-Up NY tax burgers.” Nonetheless, he expects Mr. Forgacs, a Harvard grad and the puzzle, since biotech startups Venture Capital Association. relief program for companies that within a few years to begin offering McKinsey alum, founded Modern take far longer than consumer tech Until recently, Mr. Forgacs was relocate here. Still, the shortage of “tastings,”and is working with chefs Meadow in 2011 with his father, startups to become viable. content to base Modern Meadow’s low-cost, built-out lab space re- to introduce the company’s products theoretical physicist turned bio- SUNY Downstate Medical Cen- lab at the University of Missouri mains a big obstacle to growth. as a delicacy. engineer Gabor Forgacs. The com- ter, which operates BioBAT,has ex- while he courted investors and advis- “This is a deficit the city has to He would also like to embrace the pany’s move to New York—its lab is panded its lab space there by 85,000 ers in Silicon Valley (backers include overcome,” said Mr. Forgacs, whose urban environment and open up the in Columbia, Mo., and its CEO in square feet. By April, it will double PayPal founder Peter Thiel). But as negotiations with BioBAT revolve lab to visitors.He could see it becom- Palo Alto, Calif.—could represent a the space at its nearby incubator. the company got ready to roll out its around a sublease of built-out space. ing “a leather and meat brewery” that turning point for the city’s effort to And the just-completed second products, he wanted to be near New “We can move in there in a matter of would teach people about the science become a leader in biotechnology. tower at the Alexandria Center for York’s fashion and restaurant scenes. months. If it wasn’t for this, we of in-vitro production and be the hu- New York has long been where Life Science on the East River is Modern Meadow plans to tap into wouldn’t be looking in New York.” mane antithesis of a slaughterhouse. researchers started companies before more than 50% leased. those industries to help develop and Business leaders say that a “The Bay Area is a much more moving them to Silicon Valley, “In the last two years, we’ve seen market its cultured leather and in- healthy ecosystem will bring the mature ecosystem when it comes to Boston or San Diego—the top three a real sea change in New York,” said vitro meat (also called “shmeat,”as in development of more lab space. life science,” Mr. Forgacs said. “But areas for biotech venture-capital fi- Dennis Purcell, senior managing a sheet of meat, or as some might say “You want the industry to grow the potential for New York is much nancing, and where there are plenty partner at Aisling Capital, a life- in New York, with a roll of the eyes, faster than the space,” said Maria more exciting.” Ⅲ LISTEN to a discussion at CrainsNewYork.com/podcasts that figure to be largely inflated when near MetLife Stadium. Inside $100,000 package deal that includes to book private parties—anticipat- compared with historical data, the Sports & Entertainment Group, a 20 tickets to the Super Bowl, 10 lux- ing major crowds from walk-in traf- Game day New York metro area is still expected 10-year-old New York ticket bro- ury suites, transportation to the sta- fic. “We have a unique opportunity to attract at least $120 million be- kerage,has sold more than 800 pack- dium,breakfast and other amenities. to showcase our venues to people Continued from Page 1 cause of its status as a tourist capital. ages—60% more than for last year’s The 912-room New Yorker Ho- who have never been to New York now that it’s two Western teams, “The New York and New Jersey Super Bowl in New Orleans. Prices tel has just under 100 rooms left,but before,” said Noah Tepperberg, a people will have to fly in,” said Mr. area is so big that it can accommo- for each package start at about most of its bookings are tied to the partner in Tao/Strategic Group, Matthews.“And they’ll need a place date all of the tourism for the Super $4,000, which is at least 25% higher NFL, which negotiated discounted which operates more than a dozen to stay.” Bowl while simultaneously allowing than in past years because everything room rates in 2010 for the teams, lounges and restaurants. “There are With 400,000 visitors expected regular business to take place as in the Big Apple is more expensive. corporate sponsors and others. so many high-net-worth people to flood the Big Apple days before well,” said Victor Matheson, a pro- “New York is different—people coming to the city.” the Feb. 2 event, according to the fessor at College of the Holy Cross are like, ‘Oh, my God, the Super Everyone is invited Airlines are scrambling to accom- NY/NJ Super Bowl Host Commit- in Worcester, Mass. who researches Bowl is here; I don’t care who’s play- The bigger bonanza for hotels, modate fans. United added four tee, local residents and businesses the economics of sports ,noting that ing, I have to go’—there’s a lot more along with restaurants and bars, is flights from Denver and Seattle each are trying to get in on the action in because it’s the off-season for the of those people,” Ety Rybak, Inside the party business. Even venues not on Jan. 31, in addition to seven re- every way possible. Some New hospitality industry here, more Sports’ co-founder said. seen as sports entertainment desti- turning flights on Feb.3.Delta added Yorkers are crashing with friends so rooms than usual will be filled. “If Though hotels expect to be near- nations are scoring bookings. two Denver round-trip flights before they can rent out their homes for the you’re Indianapolis or Jacksonville, ly sold out from Jan.30 through Feb. Rooftop lounge 230 Fifth is hosting and after the Super Bowl, and is us- weekend (for as much as $2,000 a the Super Bowl coming to town 2, rates haven’t hit the stratosphere, four corporate parties (indoors) of ing bigger planes for six other flights night in choice areas like TriBeCa), shuts down the whole city—there’s as some were expecting, so proper- 600 to 900 guests each, for up to to and from Seattle and Denver. while sports bars are serving up spe- massive crowding out.” ties are rolling out package deals. $100,000 per event. Stores are also getting into the cials to open the wallets of fans. Re- Based on actual spending pat- “We held out hope for some pretty Several weeks ago, it bought four game. At the southern end of Super tailers and hotels are hosting events, terns from his previous research,and strong rates,” said Ruztique heated, clear, igloo-shaped tents, Bowl Boulevard—the strip between and airlines are adding flights. the prices in New York, Mr. Mathe- Toscano, director of sales and mar- equipped with couches and televi- West 47th and West 34th streets, son estimates that visitors coming to keting for the Sofitel New York, sions. The tents, set up on the roof, running from Jan. 29 through Feb. Economic impact overblown town will be spending between $500 which in August had sold some are sold out for Feb. 2, renting for 1—Macy’s on Jan. 19 opened a There should be plenty of dollars and $1,000 each day they are here. rooms for the Super Bowl for $725 $1,200 per tent. They accommodate 36,000-square-foot NFL pop-up to go around.The National Football Many out-of-towners have al- a night but is now offering accom- up to 12 people, and the price in- shop. “Shoppers have made it a League estimates that the regional ready ponied up for lavish packages, modations for about $575 a night. cludes food and two bottles of booze. point to come,” said Senior Vice economic impact of Super Bowl which include tickets to the game, To entice last-minute groups,the Some of the hottest clubs in the President Louis Mastrogiacomo.Ⅲ XLVIII will be $600 million. various high-profile events and luxury hotel is partnering with an Big Apple, including Marquee, Tao Though most economists consider pregame tailgating at restaurants event-management firm to offer a Downtown and Lavo, decided not Additional reporting by Bilal Iftikhar

TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR VISIT CRAINSNEWYORK.COM PUBLIC & LEGAL NOTICES Notice of Qualification of 361 Holdings Notice of formation of Limited Notice of Qualification of Primary Notice of Formation of 246 HOSPITALITY Notice of Qualification of MAIDENFORM LLC. Authority filed with NY Dept. of Liability Company. Name: NATURE’S Capital Advisors LC. Authority filed GROUP LLC. Arts. of Org. filed with LLC. Authority filed with Secy. of State on 12/3/13. Office location: NY DARLINGS, LLC (“LLC”). Articles of with NY Dept. of State on 10/28/13. Secy. of State of NY (SSNY) on State of NY (SSNY) on 12/17/13. County. LLC formed in DE on 10/30/13. Organization filed with the Secretary NYS fictitious name: Primary Capital 12/23/13. Office location: NY County. Office location: NY County. LLC NY Sec. of State designated agent of of State of the State of New York Mortgage LLC. Office location: NY Princ. office of LLC: 248 W. 14th St., formed in Delaware (DE) on 11/20/13. LLC upon whom process against it (“SSNY”) on 9/30/2013. NY office County. LLC formed in GA on 7/19/94. NY, NY 10011. SSNY designated as SSNY designated as agent of LLC may be served and shall mail process location is New York County. The NY Sec. of State designated agent of agent of LLC upon whom process upon whom process against it may be to: c/o CT Corporation System, 111 SSNY has been designated as agent LLC upon whom process against it against it may be served. SSNY shall served. SSNY shall mail process to 8th Ave., NY, NY 10011, regd. agent of the LLC upon whom process may be served and shall mail process mail process to the LLC, 3281 Corporation Service Co., 80 State St., upon whom process may be served. against it may be served. The SSNY to the GA and principal business Richmond Ave., Staten Island, NY Albany, NY 12207-2543. DE addr. of DE addr. of LLC: 1209 Orange St., shall mail a copy of any process to address: 1000 Parkwood Circle, Ste. 10312. As amended by Cert. of LLC: 2711 Centerville Rd., Ste. 400, Wilmington, DE 19801. Cert. of the LLC at 32 Gramercy Park South, 600, Atlanta, GA 30339. Cert. of Org. Amendment filed with SSNY on Wilmington, DE 19808. Arts. of Org. Form. filed with DE Sec. of State, #3C, New York, NY, 10003. filed with GA Sec. of State, 315 West 01/07/14, name changed to 248 filed with DE Secy. of State, 401 401 Federal St., Dover, DE 19901. Purpose/character of LLC is to Tower, 2 MLK, Jr. Dr., Atlanta, GA HOSPITALITY GROUP LLC. Federal St., Ste. 4, Dover, DE 19901. Purpose: all lawful purposes. engage in any lawful act or activity. 30334. Purpose: all lawful purposes. Purpose: Any lawful activity. Purpose: Any lawful activity.

January 27, 2014 | Crain’s New York Business | 21 20140127-NEWS--0022-NAT-CCI-CN_-- 1/23/2014 5:31 PM Page 1

FOR THE RECORD

● Department of Sanitation New York’s largest publicly held companies chairman, sold 40,002 shares of Seeks competitive sealed bids by 11 filed with the Securities and Exchange common stock at prices ranging from ABOUT THIS SECTION a.m.on Feb. 20 for the acceptance of non- Commission by executives and major $84.24 to $85.25 between Jan. 9 and FOR THE RECORD is a weekly listing of information from the public record that putrescible solid waste. Bid documents shareholders. Listings are in order of Jan. 10, in a transaction worth can help businesspeople in the New York area find opportunities, potential are available for a $100 refundable transaction value.The information was $3,396,703. He now directly holds deposit, payable only by postal money obtained from Thomson Reuters. 205,471 shares. new clients and updates on competitors. order made out to the Comptroller, City To ask questions or get more information on this section, contact Crain’s of New York. A prebid conference will be ● Hertz Global Holdings Inc. (HTZ) Erik Gershwind, president and chief research department at [email protected]. held Feb. 4 at 10 a.m. at 125 Worth St., Michel Taride, executive vice president, executive, sold 33,668 shares of eighth floor, conference room 819.To president of Hertz International and common stock at prices ranging from make inquiries or to obtain bid executive vice president of Hertz Corp., $84.50 to $85.24 between Jan. 9 and documents, contact Ralph DaMario at exercised options on 400,000 shares of Jan. 13, in a transaction worth COMPANY MOVES ● Quevent Enterprise (646) 885-4707 or the agency chief common stock at prices ranging from $2,865,556. He now directly holds 1974 Morris Ave., Bronx contracting officer at (212) 437-5057. $4.56 to $9.56 on Jan. 8, in a transaction 50,145 shares. Companies that would like to have details Filed for Chapter 11 bankruptcy worth $2,824,000. On the same day, he of recent moves published should submit protection on Jan. 10. The filing cites ● Triborough Bridge and Tunnel Authority sold 400,000 shares of common stock at ● Vornado Realty Trust (VNO) descriptions following this format to cnyb- estimated liabilities of $50,001 to Seeks competitive sealed bids by 3 p.m. $27.71, in a transaction worth Mitchell N. Schear, president, sold [email protected], with $100,000 and estimated assets of on Feb. 25 for messenger and motor $11,084,560. He now directly holds 25,000 shares of common stock at “Company Moves” in the subject line. $100,001 to $500,000. services for the TBTA and the MTA.A 121,067 shares. $91.26 on Jan. 10, in a transaction worth prebid conference is scheduled for 10 $2,281,530. He now directly holds ● Arunee Thai a.m. on Feb. 4. Reservations must be ● NorthStar Realty Finance Corp. (NRF) 29,086 shares. 78-23 37th Ave., Queens GOVERNMENT CONTRACT made by contacting Robin Golubow, field David T.Hamamoto, chairman of The restaurant reopened in Jackson OPPORTUNITIES contract manager, at (646) 252-7322, no NorthStar Income, sold 639,182 shares ● Regeneron Pharmaceuticals Inc. Heights. Its Thai menu and staff are the later than noon the preceding workday. of common stock at $14.14 on Jan. 8, in (REGN) same as at its previous location at 3768 Following are selected contract To obtain bid documents or to make a transaction worth $9,038,033. He now Alfred G. Gilman, M.D., co-founder 79th St. opportunities recently announced by New inquiries, contact Victoria Warren at directly holds 3,268,340 shares. and director, sold 5,000 shares of York City agencies.To learn how to sell (646) 252-7092 or vwarren@mtabt .org, common stock at $300.00 on Jan. ● Dosa Royale goods and services to city government, visit or visit www.mta.info for more ● Pfizer (PFE) 14, in a transaction worth $1,500,000. 316 Court St., Brooklyn www.nyc.gov/selltonyc. For a searchable information. Frank D’Amelio, executive vice He now directly holds 12,412 The restaurant has opened in database of current procurement notices, president of business operations and shares. Carroll Gardens. It’s the first dedicated visit www.nyc.gov/cityrecord. Listings are chief financial officer, sold 160,000 storefront for the Smorgasburg alphabetical by category and department. REAL ESTATE DEALS shares of common stock at prices Douglas S. McCorkle, principal flea-market vendor of South Indian ranging from $30.67 to $30.99 on Jan. accounting officer, vice president, fare. CONSTRUCTION SERVICES Companies that would like to have details 13, in a transaction worth $4,932,043. assistant treasurer and controller, sold ● Department of Design and Construction of their recent transactions appear in these He now directly holds 332,210 shares. 4,000 shares of common stock at ● Otafuku Seeks competitive sealed bids by 11 a.m. listings should email descriptions following $290.00 on Jan. 14, in a transaction 220 E. Ninth St., Manhattan on Feb. 11 for a Grand Street streetscape this format to NDholakia @crainsnewyork ● MSC Industrial Direct Co. (MSM) worth $1,160,000. He now directly The Japanese restaurant opened in the enhancement, from Union Avenue to .com, with “Real estate transaction” in the Mitchell L. Jacobson, nonexecutive holds 4,066 shares. Ⅲ East Village. It is the first brick-and- Bushwick Avenue in Brooklyn. Bid subject line, or enter them online at mortar location for the company, which documents are available at crainsnewyork.com/submitadeal. Deals are operated a kiosk on Ninth Street for www.nyc.gov/buildnyc for a deposit of listed in order of square footage. more than a decade. $35, payable by company check or money DEALS ROUNDUP order only.To make inquiries, contact COMMERCIAL ● Project 1919 Melanie Sanchez at (718) 391-3430 or ● Sontag Advisory signed a lease for 149 Mulberry St., Manhattan [email protected]. 15,900 square feet at 295 Madison Ave. TRANSACTION SIZE The cocktail bar opened in Little Italy. It The firm will take the entire fifth floor. TARGET/SELLER (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE is a pop-up sister shop to Mulberry ● Department of Transportation The tenant was represented by Howard Aptalis Holdings Inc./ $2,900.0 Forest Laboratories Inc. SB M&A Project, located next door. Seeks competitive sealed bids by 11 a.m. Epstein of EVO Real Estate Group. TPG Capital, Investor (Manhattan) on Feb. 26 for the component The landlord, Tahor 26 Owner, was Growth Capital (Manhattan), ● Scalino rehabilitation of nine bridges in represented by David Greene of Murray TPG Growth, HSBC Capital (USA) Inc. (Manhattan), 659 Manhattan Ave., Brooklyn Manhattan, Queens and Staten Island. A Hill Properties. The asking rent was $58 TPG Biotech, Graycliff The restaurant opened a second location deposit of $50 is required for the per square foot. Partners (Manhattan), in Greenpoint. The original is in Park specification book, and a deposit of $50 is TPG FoF V-B, TPG FoF V-A ● Slope, at 347 Seventh Ave. required for a drawings set, payable only Sunwin Global Industry Inc. signed a Chiswick Park in $1,279.6 China Investment Corp. SB M&A by certified check or money order made lease for 8,300 square feet at 295 Fifth West London/ out to New York City Department of Ave. The Shanghai-based home- Blackstone Group BANKRUPTCIES Transportation. An optional prebid furnishings company was represented by private-equity group meeting will take place at 11 a.m. on Jan. Barry Bernstein and Evan Lieberman of (Manhattan) The following listings are selected from 30, at 55 Water St. in the ground-floor EVO Real Estate Group. The landlord, Miami Beach Edition $815.0 Silver Agate C 2013 s.a.r.l., SB M&A the most recent available filings by conference room.To make inquiries, Manhattan Properties, was represented London Edition and New Black Marble B 2013, Black Slate companies seeking bankruptcy protection contact Rezaul Karim at (212) 839-4874. in-house by Louis Lombardi and York Edition condos/International B 2013 in the Southern and Eastern Districts of To obtain bid documents, contact the Bid Thomas Randazzo. The asking rent was Hotel Licensing Co., S.àr.l. Seville Acquisition, MI NY New York. Information was obtained Window at (212) 839-9435. $49 per square foot. Clock Tower (Manhattan) from U.S. Bankruptcy Court records available on Public Access to Court ● Housing Authority ● Dr. Jeff J. Mollins signed a lease for American Pacific Corp./ $447.4 H.I.G. Capital FB M&A 188 Montague St. Renaissance Technologies Electronic Records. Listings are in Seeks competitive sealed bids by 10 a.m. 3,600 square feet at in Corp. (Manhattan), Mill alphabetical order. on Feb. 5 for renovation and a new Brooklyn. The doctor of chiropractic Road Capital, Dimensional HVAC system at Union Settlement medicine will relocate from the building Fund Advisors Ltd., ● Citywide Towing and Auto Repair Association-Gaylord White Houses. next door. The tenant and the landlord, Cornwall Capital Management Services Bid documents are available for a $25 Treeline Cos., were represented by Kraig (Manhattan) 514 W. 39th St., Manhattan fee, payable by certified check or money Silver of Treeline Cos. The asking rent Euronav NV/not $350.3 GoldenTree Asset Management GCI Filed for Chapter 11 bankruptcy order made out to the New York City was $30 per square foot. disclosed (Manhattan), Solus Alternative Asset protection on Jan. 9. The filing cites Housing Authority.To obtain bid Management (Manhattan), estimated liabilities of $1,000,001 to documents or to make inquiries, contact RETAIL BHR Capital (Manhattan), ● York Capital Management Global Advisors $10 million and estimated assets of Vaughn Banks at (212) 306-6727 or Men’s Wearhouse renewed its lease for (Manhattan), Glendon Capital Management $500,001 to $1 million. The creditors [email protected]. 6,300 square feet at 7000 Austin St. in with the largest unsecured claims are Forest Hills, Queens. The men’s retailer United Bancorp Inc./ $170.3 Old National Bancorp. SB M&A Banc Funds Co., New York State Insurance Fund, owed GOODS AND SERVICES was represented by Doug Weinstein of ● Wellington Management $125,574.11; Ditza Shalem, owed Bronx County District Attorney’s Office Ripco Real Estate Corp. The landlord, Co., John Hancock Advisers, $89,532.98; and Logan Towing Inc., Seeks competitive sealed bids by 5 p.m. Muss Development, was represented in- Raffles Associates (Manhattan), owed $9,244.30. on Feb. 28 for a digital asset house by Stan Markowitz. The asking JAM Equity Partners, Manulife management and video recording rent was undisclosed. Asset Management (U.S.) ● JJE & MM Group system. To make inquiries or to obtain TYRX Inc./Pappas $160.0 Medtronic Inc. SB M&A 846 McDonald Ave., Brooklyn bid documents, contact Raymond ● Brooklyn Denim Co. signed a 10-year Ventures, HLM Venture Filed for Chapter 11 bankruptcy Vazquez at (718) 590-2038 or lease for 5,700 square feet at 39 Norman Partners, Boston Scientific protection on Jan. 9. The filing cites [email protected]. Ave. in Brooklyn. The new space will be Corp., MemorialCare estimated liabilities of $1,000,001 to the retailer’s second location. The tenant Innovation Fund, Clarus ● Department of Education Ventures, Cahn Medical $10 million and estimated assets of and the landlord, 39 Norman Avenue Ventures (Manhattan) $1,000,001 to $10 million. Requests proposals by 1 p.m. on Feb. 4 Realty, were represented by Howard HealthTronics Inc./ $140.0 Altaris Capital Partners FB M&A for computer adaptive testing for a Darsi and Vincent Lopez of Kalmon Endo Health Solutions Inc. (Manhattan) ● New York Physical Rehabilitation periodic assessment program. To obtain Dolgin Affiliates. The asking rent was 274 Madison Ave., Manhattan bid documents, contact the Vendor $38 per square foot. Selected deals announced for the week ended Jan. 11 involving companies in metro New York. FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing Filed for Chapter 11 bankruptcy Hotline at (718) 935-2300 or shares of a company with the participation of a financial buyer. GCI: Growth capital investment protection on Jan. 15. The filing cites [email protected] represents new money invested in a company for a minority stake. SB M&A: Strategic buyer estimated liabilities of $1,000,001 to make inquiries or to get further STOCK TRANSACTIONS M&A represents a minority or majority acquisition of existing shares of a company without the $10 million and estimated assets of information, email Matthew Coffey at participation of a financial buyer. source: capitaliq $1,000,001 to $10 million. mcoffey3@ schools.nyc.gov. Following are recent insider transactions at

22 | Crain’s New York Business | January 27, 2014 passed this year. By accounting for “savings yet to be determined,” Ms. Guv unveils budget Lynam argued,the governor is mak- ing his math work by presuming Continued from Page 3 that a sizable number of future pro- even bow hunters. Many goodies posals will be adopted by the Legis- hinge on an assumed $2 billion sur- lature. “The surplus is built on as- plus and a $10 billion federal Med- sumptions that this will all work icaid waiver. out,” she said. “This year the budget is more Mr. Cuomo’s projections trig- than just the budget, it is more than gered concerns for tax experts as just dollars and cents,” Mr. Cuomo well. His proposal is rife with re- said last week, adding that the fundable tax credits that critics ar- SEEING THE LIGHT: After East Village neighbors complained, a 7-Eleven on process will be difficult because “this gue are essentially checks cut by the Avenue A was given a coated awning to budget will enact a specific action state to negate the impact of bad tax- cut fluorescent glare. agenda” and has “more policies and ation without addressing the taxa- buck ennis more program development than in tion itself. Localities often blame previous years.” their high property taxes on un- getty images By including statewide prekinder- GOV. ANDREW CUOMO said his budget was funded state mandates. 7-Eleven expansion garten, a $2 billion tax cut, public fi- designed to pass, but critics quickly emerged. “Refundable tax credits are bad nancing for elections, health care re- policy,” said Peter Solomon, an in- form and sundry items such as $180 vestment banker and co-chair of a Continued from Page 3 the music department at a school. million for a nanotech research hub at predicated on that future surplus’ tax-reform commission created by wasn’t until 2011 that it began an “Urban store development is a SUNY Utica, Mr. Cuomo is serving being more than mere “essence.” Mr. Cuomo in 2012. “These checks aggressive push into New York big focus for us,” said Ms. Chabris. up more than legislators will eat. In addition to a $2 billion tax cut are basically like putting Band-Aids County. Since then, 7-Eleven has “There’s lots of opportunity.” Moreover, much of his plan would designed to curb property taxes and on a problem that really needs sur- more than quadrupled its count, go- Of course, 7-Eleven, which gen- take effect two or three years in the fu- spur business growth upstate, Mr. gery.” ing from eight to 37 Manhattan lo- erated revenue of $23.4 billion in ture, leaving many of the most ap- Cuomo is pursuing an educational As the governor encounters op- cations.In the past six months alone, the U.S. and Canada in 2012, the pealing items to dangle on the other agenda highlighted by statewide position to his initiatives and his five new outposts have opened. most recent available figure, isn’t al- side of his potential re-election. pre-K getting roughly $1.5 billion surplus encounters more scrutiny, To lure in locals, the 24/7 retailer ways ahead of the curve. The sub- “He seems to be tantalizing us over five years.He touted his plan as his budgetary trading cards will is aiming to become everything to sidiary of Tokyo-based Seven- with this view of the world where a big boost for school funding, but come into play. Items like his pro- everyone. Two years ago, 7-Eleven Eleven Japan Co. struggles to New York state has a budget sur- advocacy groups allied with teach- posal for public financing of elec- launched an innovation group fo- compete with healthy grocers such plus,” said Elizabeth Lynam, vice ers’ unions denounced it as woefully tions, new anti-bribery and corrup- cused on the digital experiences of as Whole Foods and calorie- president and director of state stud- insufficient. Left-leaning organiza- tion laws for the Legislature and customers. It began testing Amazon conscious eateries like Subway. ies at the Citizens Budget Commis- tions are mounting a campaign to independent enforcement of ethics Lockers in April 2012, and quickly sion.“But in order to do that,we have block tax cuts that they deem give- rules are deeply unpopular in the expanded the concept to eight Man- Protest rallies to continue to take our medicine.” aways to the wealthy. statehouse and could be removed in hattan outposts, where customers And many New Yorkers are still The governor’s prescription is a order to assure passage of a fourth who don’t have a doorman can pick put off by its presence. Blogs such as 2% cap on spending increases that ‘Surplus’ draws scrutiny consecutive on-time budget. The up Amazon packages of any shape or No7Eleven have staged rallies as re- he has advocated over the past three Meanwhile, budget watchdogs state’s fiscal year begins April 1, but size whenever they want. cently as this month and organized years, pitching it as a benchmark of like Ms. Lynam remain wary of the the legisative session runs into June. “When a retailer comes to New boycotts, focused primarily on the legislative behavior that he claims theoretical surplus. “This is a balanced package, and York City, you have to win over the Lower East Side,where a location on has led to the “essence”of the $2 bil- A particular point of concern is it is not a package that has been put city and earn your spot—you can’t St. Marks Place lasted just 18 lion future surplus.Despite the wide the governor’s assumption of future together to provoke,” Mr. Cuomo just come in with your months before shutter- array of initiatives, his new budget revenue that will hypothetically be said in his presentation last week.“It normal concept,” said ing last year. A store in technically adheres to that 2% cap. available to pay for tax cuts and is a package that has been put to- Mike Duda, chief ex- ‘There’s Inwood closed as well. But much of the extra spending is spending locked in by the plan gether to pass.” Ⅲ ecutive of brand cre- Andrew Moger, ative agency Johannes lots of chief executive of real Leonardo. “Utilities estate and construction like the Amazon opportunity’ management firm New way to buy startup shares Locker and other BCD, noted that land- things are something lords are not always smart and extra that keen to rent their Continued from Page 6 business is done.” cluding shares of high-fliers like you can’t get some- 1,500-square-foot the slow pace of IPOs. While more companies are al- AppNexus, Yext and TaskRabbit. where else.” spaces to a 7-Eleven. “The look and “The length of time from incep- lowing share sales, they are also ex- Companies have to approve deals or The company is also testing digi- feel of it does very little to warm the tion for a very successful company to erting much more control over the at least not restrict them before they tal innovations with firms such as ambience of a building,”he said.“And go public has changed dramatical- process, deciding timing and terms can go forward, and if demand is KeyMe,an 18-month-old tech outfit the operating hours create more op- ly,”said Clifford Schorer, director of and even organizing their own high enough,said Mr.Davda,Equi- based in Long Island City, Queens, portunities for noise and trash—not the Entrepreneur in Residence Pro- transactions with the kind of big in- tyZen pitches them with programs that operates key-making kiosks.The necessarily an amenity to tenants.” gram at the Columbia University stitutional buyers they prize. that would let many employees sell kiosks are now in four 7-Eleven But entrepreneurs have continued Business School. “When markets “The restrictions are getting to their shares. stores, where KeyMe pays to operate to hop onboard, partly because of the are good, talented people are reluc- be broader, deeper and at earlier its 4-square-foot space, and both chain’s diverse options: Under its tant to come in for a kiss and prom- stages,” said Ms. Hancock. Market is ‘out there’ companies are open to discussion franchise program, franchisees invest ise that they will do well.” The idea for EquityZen came Whether these hot startups will about expansion. In six months, sev- $239,000 up-front and split the gross More companies are overcoming out of Mr. Davda’s own experience bite remains to be seen, said Ed eral thousand keys have been scanned profits 50-50, while under its their qualms and are quietly allow- trying to sell shares in a Zimmerman, chair of and more than 1,500 lockouts solved. business-conversion program, bode- ing employees and early investors to company he had worked Lowenstein Sandler’s tech gas and delis pay $25,000 to convert cash in on at least some of their for—to pay for an engage- group and a mentor to Healthier options to the 7-Eleven brand and end up MINIMUM$25K shares. In 2013, Second Market, a ment ring.When he could- INVESTMENT EquityZen. The chain “was well aligned with keeping 75% of the profits. Of the Manhattan-based platform for sales n’t generate any interest on required by “The market is defi- what we were trying to do,” said company’s 6,800 U.S. stores, only of private shares and other Second Market,the former EquityZen nitely out there,” said Mr. KeyMe’s founder,Greg Marsh,who 1,000 are corporate-owned; of Man- securities, reportedly did twice the ad-tech engineer and his Zimmerman. “[The chal- noted that he approached 7-Eleven hattan’s 37 shops, 22 are franchised number of transactions as the two co-founders (an attorney and a lenge] is getting growth companies about the partnership. “They are 24 and 15 are company-owned and up year before. San Francisco-based hedge-fund executive) came up to adopt it.” hours if you’re ever locked out.” for grabs. SharesPost lists more than 80 com- with a new kind of vehicle to help For employees and potential sell- The company is also trying to Two company-owned shops panies on its website, and last year employees turn their shares into ers, EquityZen runs seminars at shed its hot-dog-and-Slurpee image were recently purchased by Charlie announced a joint venture with cash.Graduates of law firm Lowen- General Assembly. Azeem Ansar is by introducing healthier food op- Massola, a local entrepreneur who Nasdaq, which was eager to get into stein Sandler’s First Growth Ven- one shareholder trying to cash out tions. It’s experimenting with craft previously ran a handful of Dunkin’ the private-shares market. ture Network mentoring program, using the platform. Mr. Ansar, the beers, fresh salads and specialty cof- Donut outposts in Brooklyn and they are now spending four months head of business operations for pay- fee drinks that are employee-served. Manhattan.“People in New York are Asserting control in Mountain View,Calif.,in the 500 ment company Venmo,wants to sell In addition, to keep city neigh- drawn to the brands,” said Mr. Mas- “It’s absolutely on the rise and is Startups accelerator program, start- shares of another company he used bors happy, 7-Eleven is willing to sola, an Upper East Side resident becoming a more stabilized part of ed by West Coast angel investor to work for. make a few aesthetic concessions, it who opened locations in Chelsea the ecosystem,” said Breck Han- Dave McClure. “I don’t have any real need for im- said. An outpost on Avenue A, for and Hell’s Kitchen in December— cock,a partner with law firm Good- The year-old EquityZen has a mediate liquidity, but what I do see example, was given a special coated one has an Amazon Locker that has win Procter who has worked with few transactions under its belt, as is value—and why not capture it awning to reduce fluorescent glare. been a big draw for customers, he companies on pre-IPO stock sales. well as nearly $15 million in poten- while it’s there?” said Mr. Ansar. It also donated food to a nearby noted. “[7-Eleven] is for the person “It’s getting folded into the way tial transactions on its website, in- “Why not capitalize on it?” Ⅲ homeless shelter and gave money to on the go; it’s for us.” Ⅲ

January 27, 2014 | Crain’s New York Business | 23 Tails wag for doggy day care Wells Fargo a-comin’

Continued from Page 4 streaming or webcam views of the ager and owner of two bruisers—a Continued from Page 1 instance, a branch that opened in membership fee, to offset their premises. Since opening, Mr. Frost Saint Bernard and a bullmastiff—re- of smaller branches to maximize its December in Chelsea measures overhead. has had to turn away as many as 20 alized the difficulties busy New York- retail presence in the city’s tight 2,600 square feet, or 40% smaller With owners expecting plenty of pooches that were too aggressive or ers faced in finding day care for their spaces. than a typical midtown location. TLC for their pets,centers often of- had separation anxiety, to name a pets. Raising $3 million from private “We’re committed to Manhat- The bank is also exploring more fer shuttle services for the dogs, investors, he bought four existing fa- tan and the region across all lines of radical changes, such as pocket-size grooming, overnight boarding and cilities, then began opening day-care business,” said Joe Kirk, Wells Far- branches measuring 1,000 square on-site veterinary care. Some day- ‘Developers look centers in buildings owned by Rose go’s regional president for New York feet, though none have been built care teams will walk pets during the Associates and other developers. and Connecticut.“We’re going to be here yet. day. Others, such as four-year-old for amenities wherever our customers want us.” Whatever their size,inside Wells Pooches Sport & Spa, a profitable, Luxury centers It might be tempting to dismiss Fargo branches (“stores” in corpo- 12-employee,2,500-square-foot fa- to differentiate Now Mr. Marrow is about to those words as so much chest- rate lingo) is a sales culture unfamil- cility on the first floor of a 500- open doggy day-care centers in thumping, particularly since Wells iar to most New Yorkers, with em- apartment luxury building in Long them’ newly constructed luxury buildings, Fargo is a relative bit player in a city ployees (“team members”) trained Island City, Queens, don’t. Instead, starting with Silverstein Properties’ already saturated with huge finan- to nudge customers to bring over owner Bruce Barlin has set up a 2,200-unit Silver Towers complex cial institutions and scores of com- more of their financial business be- PetaPotty, a small patch of grass on in Manhattan. He expects to have munity banks. yond checking accounts or mort- a platform with built-in drainage, 14 such facilities by the end of this Yet Wells Fargo comes gages. Wells Fargo execu- and a centralized wet/dry vacuum couple of reasons. “We referred year. With more than 200 employ- with some singular tives like to say they have system. “We have a really clean op- them to a dog walker or a behavioral ees, the profitable company esti- strengths: It is widely con- 22 nearly 90 different “prod- eration,” he said. specialist,” he said. mates it will make about $16 million sidered the country’s best- NUMBER ucts” to offer, and clients of Wells Fargo The growth in dog day-care in revenue for 2014. run big bank, and about branches on average buy at least six. Screening process centers shows no signs of slowing. “These luxury apartment build- two years ago surpassed in Manhattan “I’ll come in to deposit To maintain an atmosphere The Spot Experience,a Manhattan- ings have people with a certain level JPMorgan Chase as the a check and they’ll say, ‘I where pet lovers feel comfortable based day-care provider, is planning of disposable income,” said Mr. nation’s largest by market value, see you don’t have a credit card with leaving their dogs, many facilities a big expansion. Marrow. “Developers are looking even though JPMorgan’s balance us,’ ” said Nancy Bush, a banking- put the canines through an applica- Three years ago, founder Mitch for amenities that differentiate sheet is nearly $1 trillion bigger. industry analyst at NAB Research tion process and offer 24-hour live- Marrow, a former hedge-fund man- them from everyone else.” Ⅲ Nor does Wells Fargo appear in New Jersey and a Wells Fargo hobbled by the legal problems af- client.“Sometimes I like that,some- flicting so many other big banks, times I don’t.” having set aside less than $3 billion Walk-in medical clinics grow to resolve bubble-era litigation, ac- Wall Street player cording to Bloomberg, compared The bank is also making a push with more than $20 billion for to serve more small and midsize Continued from Page 4 Capital Analytics, sales of medical- “People have easy access to get here.” JPMorgan and $19 billion for Bank businesses, which, along with real care and routine services such as office buildings climbed to $6.7 bil- Doctors are thinking about what of America. The bank’s brand vies estate lending, has long been its sports physicals or vaccinations. lion in 2013. That broke a 2012 their customers want. “People want with American Express for the best stock-in-trade. Wells Fargo has 33 These also include recently con- record of $6 billion in sales, a mile- a convenient place open outside of reputation in finance . bankers in New York who specialize structed freestanding ambulatory stone cited last year by Jones Lang business hours without an appoint- “These guys stick to the basics; in serving small businesses with rev- care and same-day surgery facilities, LaSalle, a Chicago-based company ment,” Ms. Berman said. they don’t get into businesses they enue ranging up to $20 million.The renovations of commercial or resi- that specializes in commercial real So far, according to Jones Lang don’t understand, and they’re better bank recently named a regional dential towers to create full-floor estate services and investment man- LaSalle’s analysis, hospitals are at selling to clients than anyone chief business-sales officer who medical suites, and the emergence agement. The prior peak was $5.5 mostly choosing to lease spaces else,” said Charles Wendel, presi- oversees a group of five people who of walk-in urgent-care clinics at billion in sales in 2006. rather than buy them. Developers dent of Financial Institutions Con- recruit clients. In mid-January, the sidewalk levels. Inpatient volume was down 5% and investors put up about 73% of sulting,which had Wells Fargo for a bank said it was looking for staffers That last one is a new phenome- in 2013, said Mindy Berman, man- the capital involved in medical-of- client in the past but doesn’t now. in New York to build a group that non for Manhattan, said Mr. Fasulo: aging director of capital markets at fice building sales in 2012, and hos- “Now that they’re here, they’re not serves technology companies. “There is a trend of more medical Jones Lang LaSalle in Boston.“And pitals only 27%. going away.” Perhaps the most visible sign of groups leasing retail storefronts.” we expect that to continue as proce- Still, Wells Fargo officials insist Wells Fargo’s growing New York Cure Urgent Care, for example, an- dures migrate to outpatient set- ‘Med Men’ the bank will grow in the New York presence is its success as a Wall Street nounced recently that in May it will tings,” she said. “That’s why they look to compa- market slowly. That seems in keep- player. More than 80% of its 2,900 open the first of six city walk-in clin- As part of that change, hospitals nies like ours,” said Guy Leibler, ing with an institution so cautious employees in the city work in bro- ics at a ground-floor location on the are buying up physician groups,cen- president of Simone Healthcare De- that it waited more than two years to kerage or corporate banking, which Upper West Side. ters for laboratory tests and other di- velopment,a specialist in building or replace Wachovia’s signs Wells Fargo calls whole- The hottest Manhattan zone for agnostic services, and consolidating renovating outpatient facilities. The because it wanted to make sale banking. Although medical-office space is the corridor them in new facilities.The impact is company has constructed medical sure computer systems 3.6% Wells Fargo likes to think along and near Madison Avenue particularly acute in Manhattan, offices for Montefiore Medical were seamlessly knit to- WELLS FARGO’S of itself as a community from the East 30s to the Upper East where health systems are competing Center, Calvary Hospital, Einstein gether. market share in bank that over time grew the New York Side.Mr.Wexler reeled off several ex- for the borough’s relatively well- College of Medicine, Mount Sinai “The reason Wells Far- area, half as to $1.5 trillion in assets,its insured popu- Hospital and various medical go came out of the finan- much as BofA’s retail brokerage force of SUITE DEALS lation. groups. Simone’s recent deals in- cial crisis in such strong and Citibank’s 15,000 nationally trails One tactic is clude the Park Avenue Medical Arts fashion is the conservative only Morgan Stanley and Medical offices sold last year: to open attrac- Center, a 19,000-square-foot, $11.5 approach it has taken for many Merrill Lynch. Last year, the bank Address Price Buyer tive centers in million medical-condo space in a years,”Mr.Kirk said.“We’re going to generated $2.4 billion in invest- 15-17 W. 44th St. $29M Boutique Real Estate Advisors neighborhoods residential building at 62 E. 88th St. be very methodical.” ment-banking fees, more than such where people This spring, the company plans to global institutions as UBS and 525 Park Ave. $21.8M Lido Realty live and work, open a multiuse facility on the cam- Building smaller branches HSBC, according to Thomson 104 E. 40th St. $6.3M Dr. Ken Moadel instead of the pus of the Hutchinson Metro Center Certainly the big bank is starting Reuters. 1865-1867 Amsterdam Ave. $3.8M SoHo Properties traditional ap- in the Bronx. “We bought a former small. While Wells Fargo has near- Such work may lift the bank’s 104 E. 40th St. $3.1M Richard Nejat, D.D.S. proach of put- bakery, where they made Old Lon- ly $1 trillion worth of customer de- profit margins, but it alarms some ting facilities in don melba toast,” Mr. Leibler said. posits in its vaults nationwide, less analysts and shareholders who fear 1820 Madison Ave. $2.7M APNA Realty or near their Simone renovated the space, and than $50 billion comes from the Wells Fargo may be heading down Source: Real Capital Analytics, January 2014 hospitals. the new tenants include a Residence New York area, where its market the road where dealmakers or traders “Hospitals are going into areas Inn hotel, an LA Fitness club, vari- share is just 3.6%—half as much as motivated by short-term bonus con- amples of recent deals: a 4,400- that were previously underserved; ous retailers on the first floor, and Bank of America and Citibank, and siderations gain the upper hand over square-foot medical condo at 62 E. providers are trying to make them- two floors of medical-office space. a tenth that of Chase, according to risk-averse commercial lenders. At a 88th St.,leased to a group of obstetri- selves more accessible,” Mr. Wexler But for Mr. Wexler, the most the Federal Deposit Insurance Goldman Sachs conference in De- cian/gynecologists; a suite in a resi- said. dramatic development is the popu- Corp. cember, Wells Fargo CEO John dential building on East 61st Street Dr. Alexander Krishtul, a family- larity of the blocks on and near Park Building that up will require Stumpf did the delicate dance of between Park and Madison avenues, medicine specialist, has set up such a Avenue and Madison Avenue, from more branches for an institution praising his Wall Street workforce leased to a spinal surgeon;and the sale practice at 1036 Park Ave., advertis- the Flatiron district to the Upper with 22 in Manhattan, or 12 fewer while at the same time somewhat of two medical condos at 737 Park ing on the Internet for patients and East Side. “We’ve gone from Mad than Chase has between 42nd and minimizing its importance. Ave.totaling about 3,000 square feet. offering walk-in services. He left an Men to ‘Med Men,’” he said.“In the 59th streets alone. Wells Fargo’s “We have great people, and it Several factors are at work. The urgent-care chain in 2009 to strike past, Madison Avenue was mainly plan is to grow by building smaller would not surprise me [to do more growth in demand is part of a na- out on his own.“I like the location;it’s advertising. Now we’ve got a whole branches that cost less in rent yet investment-banking business],” he tional trend. According to Real near the subway,” Dr. Krishtul said. slew of doctors.” Ⅲ still broadcast their presence. For said. “But we don’t need that.” Ⅲ

24 | Crain’s New York Business | January 27, 2014 20140127-NEWS--0025-NAT-CCI-CN_-- 1/23/2014 5:23 PM Page 1

HELLUVA TOWN INSIDE Source Lunch Up in its grill Bringing change to the

Digging into the nation’s growing nonprofit world PAGE 26 appetite for grilled cheese, Melt Shop has expansion plans on the Out and About griddle. With three Manhattan locations already cooking, founder Thunderbird American and managing partner Spencer Indian Dancers PAGE 27 Rubin, 27, plans to open five more eateries this year, which could include venues on Long Island and in New Jersey. Mr. Rubin just daniel krieger daniel signed a lease for an outpost at 111 Fulton St. in Manhattan. “By the end of 2014, we want to have eight stores,” he said. The restaurant—part of a wave of grilled-cheese startups including Milk Truck and Little Muenster —features sandwiches like Havarti and goat cheese with mushrooms and parsley pesto, milkshakes and sides of “Shop Tots” fried potatoes. Melt got its start in 2011 with help from Aurify Brands,a restaurant development company led by John Rigos and Andrew Stern. It rang up $2.2 million in sales in 2013 from its first two shops, a 900-square-foot Chelsea location and a 350-square-foot store on Lexington Avenue and East 53rd Street. Melt’s third outpost, at 135 W. 50th St., opened in December and is hitting about $35,000 per week. —lisa ferber Taking a shine to volunteers Big Brothers Big Sisters of New York City is hoping that men will LONG RUN: Monica leave Manhattan shoeshine stands (left) and Sonia with more than just gleaming Zaldivar are oxfords. The nonprofit recently maintaining family patriarch Victor Del started a campaign that uses the Corral’s vision at stands to help find more male Victor’s Café. volunteers. “We need more men, so we need to go to where the men are,” said Chief Executive Hector Batista. The organization, with an annual budget of $9 million, has 3,200 volunteers, and only 43% They’reThey’re HavanaHavana partyparty are male. It serves 3,600 young people, 45% of whom are boys. In order to have parity between boys LegendaryLegendary CubanCuban eateryeatery Victor’sVictor’s CaféCafé marksmarks 5050 years,years, thanksthanks and girls, it needs to attract more Big Brothers. toto wisewise realreal estateestate investments—andinvestments—and blackblack beansbeans andand ricerice The shoeshine program builds on one started last year

that uses barbershops in the buck ennis Bronx. With this new effort, Mr. Batista hopes to find executives BY MIRIAM KREININ SOUCCAR at major companies who will MANY HAPPY become conduits to more corporate partnerships. n a recent afternoon at Victor’s Café, chefs were busy preparing ropa vieja, RETURNS So far, only Eddie’s Shoe pulled skirt steak served in a plantain cup; lechon asado, roast suckling pig Repair and Shoe Shine, in Grand Central Terminal, has agreed to with yuca; and camarones enchilados, shrimp in Creole sauce: all house promote the nonprofit, but Mr. specialties at the classic Cuban restaurant in the theater district. ¶ The Batista expects to have a dozen dishes, all served with Victor’s famous black beans and rice, come from old $3,000 by the end of the year. “The more the information gets out, the family recipes. But their presentation is now modern and gourmet:The AMOUNT Victor Del Corral more men we will have cooks use olive oil instead of lard, and the menu—at one time a book of five invested to start his volunteering at Big Brothers,” he restaurant in 1963 said. pages with every dish imaginable, Greek-diner style—has been streamlined —theresa agovino to one elegant page. ¶ And while the restaurant still boasts the original murals founder Victor Del Corral himself commissioned from Cuban painters, a recent $500,000-plus renovation updating Oeverything from the chairs to the lighting has created a warm but trendy space with a dash of nostalgia. ¶ “I don’t want to have a clichéd Disney look of what people think Cuba looks like,” said $6M Sonia Zaldivar, the restaurant’s owner and the daughter of its founder. “This is our vision of what REVENUE the eatery Cuban restaurants will become in Cuba.The same with our food now— See VICTOR’S on Page 26 now takes in annually

January 27, 2014 | Crain’s New York Business | 25 20140127-NEWS--0026-NAT-CCI-CN_-- 1/23/2014 5:25 PM Page 1

SOURCE LUNCH: Victor’s Café turns 50 DAVID RIVEL malcolm pinckney by Theresa Agovino Continued from Page 25 of Toloache and five other Latin were few restaurants in the area, it’s the evolution of Cuban cuisine.” restaurants in New York, including and it was near one of the most Perhaps evolution is Victor’s se- Toloache Thompson, which dangerous parts of the city— cret recipe. In a city where restau- opened in December.“It’s very im- Sherman Square, otherwise rants come and go and even name- portant to have that background,to known as Needle Park. Del Corral An outsider shakes brand chefs fail to make it, have a Latin restaurant in New lived with his wife and daughter in Victor’s—opened Dec.26,1963,by York for so long.” a studio a block away from where Del Corral, a Cuban immigrant— Through his perch at the he opened the restaurant. up venerable agency will celebrate its 50th birthday with restaurant, Del Corral witnessed “His goal was to teach Ameri- a splashy party on Jan. 28. Victor cans to love white rice and black passed away in 2006 at age 84, and beans,” Ms. Zaldivar said. his daughter and granddaughter Victor Del In the beginning, the café at- his past July,David Rivel three.We used to be more focused on now run the business. tracted mostly Cubans, many of became CEO of the Jew- delivering services, but now we want Corral ‘knew it them starving artists whom Del ish Board of Family and to be more focused on the client and ‘Icon of New York’ Corral fed for free. But two years Children’s Services, what they need. Del Corral launched his was best to own after it opened, a New York Times which provides assis- restaurant with just $3,000 in a real estate and restaurant critic walked in and gave Ttance to about 30,000 people,includ- What are the challenges with that tiny space on Columbus Avenue it three stars. After that, there were ing mentally ill adults, victims of do- approach? and West 71st Street. Victor’s, lines down the block. Barbra mestic violence and others. He was When you do government contract which moved to West 52nd Street not have debt’ Streisand was a regular, as were brought in two years earlier as part of work, you often get paid for deliver- in 1980, now features three large John Lennon and Yoko Ono. a planned transition and helped de- ing certain services. Did you give rooms and a bar and brings in It wasn’t just Victor’s fragrant velop a strategic plan for the 140- [the client] a 50-minute therapy ses- more than $6 million annually. It rice and beans that made the place year-old organization, which has a sion? Yes, then you get paid. But attracts a long list of celebrities, a success,restaurant experts say,but budget of more than $200 million. maybe someone struggling with including Bill Cosby, Cameron the gentrification of two neigh- the owner’s business decisions. Be- Previously, the 52-year-old native mental issues and living on their own Diaz and Beyoncé. Many foodies borhoods. The mural outside the cause skyrocketing rents are restau- New Yorker was executive director of needs cooking lessons. No one pays credit the eatery with being the former location was recently saved rant killers, he worked hard to buy the City Parks Foundation. for cooking lessons. Let’s figure out birthplace of Latin cuisine in New by the Landmarks Preservation the building,paying $300,000 for it how we can get paid that way [giving York. Commission. in 1971.When he decided to move, You are the first CEO of the organization people what they need] instead of “It’s an icon of New York,” said When Victor’s opened 50 years he went again to an uncharted without a social-services background. just providing services. Julian Medina, the chef and owner ago on the Upper West Side, there neighborhood, just outside Hell’s What kind of challenges did that bring? Kitchen, paying $349,000 for the I think there was a credibility gap ini- Will the government pay for that? building on West 52nd Street, tially. I had to work to show people A lot of it we will pay for privately. which included the restaurant and that I was interested in the work they We’ll have to go to foundations, cor- AN EXCLUSIVE CLUB 16 apartments. The original reno- do and understand the work they do. porations, individuals. This whole vation cost $1.5 million. way we are talking about is “He was a visionary,”said Mon- What was the biggest WHERE a new frontier. Very few SHELLING OUT: The ica Zaldivar, Del Corral’s grand- surprise about joining the social-service agencies are Grand Central Oyster organization? THEY Bar marked its daughter and the restaurant’s head prepared for this new fron- 100th birthday last of operations.“He knew it was best You know there are people DINED tier.I feel like it is a big part year. to own real estate and not to have who are struggling, but ESTIATORIO of my job to get us there. debt.” here you see the tens of MILOS Having three generations be- thousands who lead really 125 W. 55th St. How much of your funding hind the business is another key to difficult,challenging lives. (212) 245-7400 comes from government? its longevity. Sonia Zaldivar joined www.milos.ca Ninety percent, but five the business years ago, and though Why are you considering AMBIENCE: years from now it will be rebranding the organization? Mediterranean she’s still involved on a frequent ba- modern, with 50% or less because of what sis, she passed the day-to-day reins The name as it is now is white walls and we are trying to do. to her daughter Monica, 34, in long and complicated.The tablecloths and 2011.Sonia’s other two children are initials are also a mouth- light-wood floors What keeps you up at night? also involved. ful. We are looking for and chairs Kids aging out of foster something that is a little WHAT THEY ATE: care. It’s a big challenge. Cautious approach Grilled octopus, catchier and easier to say. shrimp Saganaki, You have hundreds of kids KEEPING A RESTAURANT OPEN for 50 years in New York City is no small feat, “One of the hardest things in an Finding a new name is chocolate every year aging out, and but there are a number of establishments that have Victor’s Café beat. ongoing business is who do you probably a three- or four- mousse cake they become homeless; have that you can trust to hand it month process [after we Mediterranean criminals of the future. I’ve Year off to,” said Clark Wolf, a restau- pick a rebranding firm]. meze plate, loup seen numbers that say 50% Rank, in order of longevity opened rant and food consultant. “It’s as- de mer, baklava, and up of people in prison What changes have you made coffee 1. Fraunces Tavern 1762 tounding and heartening for a were kids involved in the ------since becoming CEO? PRICE: $80.41, restaurant, let alone one based on including tip foster-care system. 2. Delmonico’s ------1838 immigrant cuisine, to last 10 years, We went from 15 people 3. McSorley’s Old Ale House ------1854 much less 50.” reporting to the COO to seven or What can you do? 4. Pete’s Tavern 1864 As with every restaurant, there eight reporting to him.No programs We can teach kids life skills in a way ------are challenges, of course. The Zal- have been eliminated; it’s just that we hadn’t done before.We are think- 5. P.J. Clarke’s ------1884 divars recently hired a private in- people work together more. ing about creating a model apart- 6. Keens Steakhouse ------1885 spection company to help them ment so they can live on their own stay abreast of the city’s growing What does your strategic plan call for? but still have support should they fal- 7. Peter Luger ------1887 and changing regulations. (The The plan calls on us to do three things ter. We need to stay with them 8. Katz’s Delicatessen ------1888 restaurant has an A grade.) Finding differently: Be more client-centered, longer. My daughter is 24 years old, 9. Old Town Bar Restaurant ------1892 the best staffers and keeping them be more data-driven, be more and she still needs help. We need to is tough as well. outcomes-focused. Before, we pro- come up with transitional living op- 10. Grand Central Oyster Bar ------1913 But throughout its 50 years, vided wonderful services, but if we portunities. As a society, we have to 11. Palm ------1926 Victor’s lost money only during one had a family with a number of differ- focus on this issue. I’m passionate 12. Frankie & Johnnie’s Steakhouse ------1926 year—2001, after Sept. 11, Sonia ent issues, we might have only been about this. Maybe it is because of my 13. ‘21’ Club ------1930 said. It didn’t suffer during the re- helping them in one way.Maybe they daughter. I see all the steps that have cent recession because the average needed three different programs,and had to happen so she can live inde- 14. 1932 Papaya King ------check is only $55, so it didn’t fall if a client was lucky,they had us for all pendently. 15. Four Seasons ------1959 victim to cuts in luxury spending. 16. La Grenouille ------1962 Still, like her father, Ms. Zal- divar is always cautious. WHO KNEW? Mr. Rivel, whose grandfather 17. Victor’s Café 1963 ------“[When] the restaurant [is] do- owned Murray’s Sturgeon Shop, moved to 18. Le Perigord ------1964 ing well,everyone is so excited,”she —MIRIAM KREININ SOUCCAR said. “That’s the time I manage Astoria because of its ethnic restaurants.

bloomberg news costs more carefully.”

26 | Crain’s New York Business | January 27, 2014 OUT AND SNAPS Finance museum exhibits fundraising fortunes ABOUT by Ali Elkin and Theresa Agovino

CULTURE FIX CAREER BUILDER WEDNESDAY, JANUARY MONDAY, JANUARY 27 29, THROUGH SUNDAY, The New York Public Library’s MAY 4 Science, Industry and Business The Metropolitan Library will host an event Museum of Art will called THE JOB SEARCH: present CHARLES MANAGING YOUR HEAD GAME MARVILLE, AND YOUR ENERGY. Speaker PHOTOGRAPHER OF Celia Currin will talk to job PARIS.The seekers about how to lessen photographer was stress during their search. The

commissioned by the free event goes from noon until photo margot jordan city of Paris in the 1:30 p.m. The library is located CARLA BROWN, DAVID USHERY and MICHELLE 1860s to take pictures at 188 Madison Ave. For more PAIGE PATERSON at the Black Agency Executives’

of the premodern parts information, visit www.nypl 37th Annual Rev. Dr. Martin Luther King Jr. elsa ruiz of the metropolis .org/locations/sibl. Luncheon on Jan. 16. It raised $90,000 for the ALISON NIEDERAUER, DUNCAN NIEDERAUER, JOHN E. HERZOG and ANDREA DE before they were slated group, which is made up of human-service-agency CHOLNOKY at the gala for the Museum of American Finance on Jan. 14. The event for demolition. The SATURDAY, FEBRUARY 1, executives. raised $685,000. museum is open every THROUGH THURSDAY, day. Suggested mmoa FEBRUARY 6 admission for adults is $25. For more The NEW YORK INTERNATIONAL information, visit www.metmuseum.org. GIFT FAIR will be held at both the Jacob K. Javits Convention MONDAY, JANUARY 27 Center and Pier 94. The show, Singer ANGÉLIQUE KIDJO will read from her new open only to people in the trade, memoir, Spirit Rising, at BAM. The Brooklyn features almost 3,000 exhibitors resident was born in Benin, and her memoir and attracts more than 30,000 focuses on her activist work with several attendees. There will also be organizations, including UNICEF and Oxfam. seminars on trends, design, All tickets are $20 and are available online at marketing and retail strategies. www.bam.org. There will be a book signing The registration fee for first- after the reading. The event is at 7:30 p.m. in time attending buyers is $60. the Fishman Space at BAM Fisher, 321 For more information, visit Ashland Place. www.nynow.com. bfa ZAC POSEN and LIZ GOLDWYN at a benefit for DON’T MISS THUNDERBIRD DANCERS Dress for Success. The Jan. 13 event raised

FRIDAY, JANUARY 31, loews regency $50,000 for the organization, which provides THROUGH SUNDAY, FEBRUARY 9 ANDREW, JONATHAN AND JAMES TISCH at the official reopening of the newly transformed work-appropriate clothing for disadvantaged Theater for the New City presents Loews Regency Hotel on Jan. 17, following a $100 million renovation. women. THUNDERBIRD AMERICAN INDIAN DANCERS’ annual concert and powwow.The See more of this week’s Snaps online at CrainsNewYork.com/galleries. performance includes dances, storytelling and music from Iroquois, Southwest and Great Plains tribes. Theater for the New City is at 155 First Ave. Tickets are $10 for adults and only $1 for children under 12 years old. For more information, visit www.theaterforthenewcity.net/

thunder.htm. dancers thunderbird

FUNDRAISERS MONDAY, JANUARY 27 NYers for the Philippines will hold A NIGHT OUT FOR THE PHILIPPINES: BUILDING A VILLAGE TOGETHER. The organization is working to build a dedicated village for survivors of Typhoon Haiyan. The event will be at Bagatelle, 1 Little W. 12th St., and will go from 8 p.m. until 11 p.m. The event will include specialty cocktails and steven gallery kasher food from notable chefs. Tickets start at OPENING $300. For more information, visit THURSDAY, JANUARY 30, www.nyers-for-the-philippines.com. THROUGH SATURDAY, MARCH 8 The Steven Kasher Gallery will WEDNESDAY, JANUARY 29 present FRED W. MCDARRAH: SAVE THE In support of Cycle for Survival, a cycling VILLAGE. The exhibition includes event that raises money for rare-cancer more than 130 photographs from research at Memorial Sloan-Kettering ’50s through the ’70s. Subjects Cancer Center, Team Iris will hold a WINE include Allen Ginsberg, Bob Dylan, AND CHEESE FUNDRAISER. Team Iris cycles Andy Warhol and Robert F. in memory of Iris Rogers, who lost her life Kennedy.The gallery is at 521 W. to sarcoma in 2011. Regular tickets are 23rd St. It is open Tuesday through $120, and the event will go from 7:30 p.m. Saturday from 11 a.m. until 6 p.m. to 10 p.m. It will be at Housing Works, For more information, visit 202 E. 77th St. For more information, visit www.stevenkasher.com. www.teamirisfundraiser.yolasite.com. MARK YOUR CALENDAR… FRIDAY, FEBRUARY 21, THROUGH SUNDAY, MARCH 2 THE NEW YORK CITY BREWERS GUILD will host NEW YORK CITY BEER WEEK, a celebration of craft beers that includes tastings, dinners and festivals around the city. Restaurants including Luke’s Lobster and Blue Smoke will participate with special beer pairings. For more information on events, visit www.newyorkcitybrewersguild.com.

January 27, 2014 | Crain’s New York Business | 27