20150525-NEWS--0001-NAT-CCI-CN_-- 5/22/20157:19PMPage1
0 71486 01068 5 21 istock/graphic composite wally konefal VOL. XXXI,NO.21 NEWSPAPER signals Stealing to get disrupted bytheWeb to getdisrupted that’sabout industry the sports First music,thenmovies.Nowit’s the NBC Sports cable network and cable the NBCSports ofsomeonewhoisstreaming courtesy game Internet tofindaliveRangers nothing. dependingontheplan. package, require forking over about$100amonthforcable Gardencostaroundoff gamesatMadisonSquare $400. you’ve optionsifyou’ve hadafew wantedtowatch. then Cup, questfortheStanley If you’ve followed theRangers’ BY AARON ELSTEIN CRAIN’S It takes only a few minutes of surfing the minutesofsurfing afew It takesonly For Or you couldwatchthegamesonline. whichwould You couldwatchon from home, TV thoughthecheapestseatsforplay- You couldbuyaticket, WWW.CRAINSNEWYORK.COM E OKBUSINESS YORK NEW See STEALING onPage15 See STEALING who’s most profitable (including one company with 77% margins) (includingonecompany 77%margins) with profitable who’s most big.Who’s up, who’sdown—and ofthe biggest ofthe Our annualranking THE LIST sports industry. industry. sports $60 billionU.S. the are comingafter websites streaming High-definition OFFENSE: PLAYING NY’S LARGEST PUBLICCOMPANIES ® It’s Via not anUber. not abus, Not ataxi, SHARE RIDE PAGE 3 MAY 25-31, 2015 PRICE:$3.00 P. 11 P. 20150525-NEWS--0002-NAT-CCI-CN_-- 5/22/2015 7:09 PM Page 1
EXECUTIVE EDITOR’S NOTE FYI Book smarts CRAINSNEWYORK.COM
Libraries are the answer to 101 questions about where to get A plan to rescue services in New York City. Citizenship course? Financial public housing planning? Yoga? Check. Check. from its money pit Check. For me last week, it was: Where to apply for a passport for he de Blasio Jeremy Smerd your baby on a Sunday? That was how I ended up at the Brooklyn administration’s plan Public Library at Grand Army to get the city’s T New Plaza, not the post office. More New Yorkers went largest landlord—the newscom York City Housing Authority to libraries last year than to sports stadiums, city- — owned museums, gardens and zoos combined.That’s on stronger financial footing is ostensibly good news for its 400,000 tenants. But the cornerstone 37 million people, an eye-popping sign of success, of its proposal, released last week, could generate as much controversy as it eliminates. Bill de Blasio Shola Olatoye sure, but also why my passport wait was more than Mayor and , the authority’s chairwoman (pictured with the mayor), two hours. “It was worse yesterday,” the clerk told will focus on transforming the troubled agency’s crimson operating budget into a surplus by me. Libraries are asking for more than $1.5 billion in 2025, giving it the fiscal health it needs to borrow money to make $17 billion in repairs. Ideas capital and tens of millions more in operating cash include collecting rent more efficiently, increasing prices for parking and streamlining from the city. So I asked the CEOs of the New York operations. But the widest revenue stream would flow from private apartments built on authority and Brooklyn public library systems whether they’d land. (See Editorial, Page 8.) Sound familiar? Michael Bloomberg consider partnering with private businesses to Back in 2013, then-Mayor caused an uproar by proposing up to 4,500 new improve their services and generate revenue. After apartments, 900 of them affordable, on 7.6 acres of authority land. Mr. de Blasio envisions a all, libraries stand at the crossroads of public and similar number of market-rate apartments, but a whopping 13,500 affordable units. private life—at many a prime retail intersection. I Announcement of the first sites next month will no doubt prompt concerns from advocacy paid $40 for their passport processing. Was two groups and residents about whether the authority’s choicest property should be used for hours the best they could do? “The more successful affordable housing or revenue. we are, the more people we pull into the library, the The authority also seeks to “right-size” its seniors’ housing. Some 40% of heads of households are 62 or older and many live in units far too large for them at the expense of families in need. less we have to spend per capita,” Brooklyn Public —joe anuta Library CEO Linda Johnson told me. She is finding new revenue by renting out parking spots to Zipcar BANKS PAY UP HILLARY EMAIL RELEASED tenure,he collected billions of dollars Four global banks—Citigroup, The State Department released the in penalties by being the squeaky and selling pies in branches. But it’s small. “In some JPMorgan Chase,Barclays and Roy- first batch of email retrieved from wheel in global bank settlements. sense, the most valuable asset is the knowledge of al Bank of Scotland—pleaded guilty former Secretary of State Hillary Mr. Lawsky, the so-called Sheriff of what people are interested in because it’s what they to a series of federal crimes as part of Clinton’s private server. Some of the Wall Street, will start his own cyber- are reading about,” said New York Public Library a scheme to manipulate the value of missives relate to the 2012 attack on security, technology and virtual- foreign currencies. In a settlement the U.S. consulate in Benghazi, currency consultancy. CEO Tony Marx, adding: “We are fundamentally with the Justice Department, they Libya. committed to the privacy of our users.” Hemmed in agreed to pay BOY SCOUTS CALL TO LIFT BAN by politics, saddled with a unionized workforce, about $5.6 billion ETSY TUMBLES Robert Gates, president of the Boy starved for cash while reinventing themselves in the in penalties. ‘Chicken helps E-commerce re- Scouts of America, said in a speech tailer Etsy report- that the organization’s ban on open- digital age: Libraries show all the signs of a business NAIL-SALON them address the ed a hefty loss in ly gay adults as volunteers and staff ripe for upheaval.The data they generate and their CRACKDOWN “veto vote”—the the first quarter, “could not be sustained.” Mr. Gates retail footprint are the most obvious places to start. City and state owing to costs re- cited defiance of the ban in New York leaders scrambled one person who lated to restruc- City, suggesting that local Scout or- to respond to a turing and a tax ganizations be allowed to decide on New York Times can veto a trip to provision.The re- their own whether to admit gays. THIS WEEK IN CRAIN’S investigation un- Shake Shack due sults sent shares —andrew j. hawkins covering abuses of tumbling. The IN THE BOROUGHS ------3 nail salon employ- to dietary company’s net IN THE MARKETS------4 ees. Gov. Andrew concerns’ loss totaled $36.6 Cuomo intro- million, or 84 THE INSIDER------6 —Michael Halen, an analyst at duced legislation Bloomberg Intelligence, on the cents per share, REAL ESTATE------7 to give the state burger chain’s filing for the for the three OPINION------8 new powers to root trademark “Chicken Shack” months ended out mistreatment, March 31. GREG DAVID ------9 while city officials REPORT ------10 and top aides to Mayor Bill de Blasio AMTRAK ENGINEER PROBE THE LIST ------11 —joined by volunteers—handed out Federal investigators looking into the informational fliers to salon workers. fatal Amtrak crash in Philadelphia CLASSIFIEDS ------16 this month determined that Brandon GOTHAM GIGS SOURCE MEETING------21 INTEREST-RATE HIKE Bostian, the train’s engineer, made LETTERMAN SIGNS OFF Alphonso David’s long road SNAPS------22 Federal Reserve Board Chairwoman cellphone calls and texted on the day to the governor’s office. P. 20 FOR THE RECORD------23 Janet Yellen said she expects the cen- of the derailment, though it wasn’t Late Show host David Letter- tral bank to raise its key interest rate clear if he was at the controls at the man ended his 33-year talk- vol. xxxi, no. 21, may 25, 2015—Crain’s New York Business (issn 8756-789x) is by the end of this year,dismissing re- time.Trains resumed rolling along the show career Wednesday after a published weekly, except for double issues the weeks of June 29, July 13, July 27, Aug. 10, cent signs of weakened growth as the busy Northeast Corridor after an al- star-studded week of celebrity Aug. 24 and Dec. 21, by Crain Communications Inc., 685 Third Ave., New York, NY 10017. Periodicals postage paid at New York, N.Y., and additional mailing offices. Post- result of temporary disruptions such most weeklong suspension. guest appearances. He de- master: Send address changes to: Crain’s New York Business, Circulation Department, 1155 as winter weather. Previously, Ms. scribed all the praise as “over the Gratiot Avenue, Detroit, MI 48207-2912. Yellen said she anticipated a rate hike ‘SHERIFF’ LEAVES POST top,” but said he found it in for subscriber service: Call (877) 824-9379.Fax (313) 446-6777.$3.00 a copy,$99.95 one year, $179.95 two years. (GST No. 13676-0444-RT) as soon as June, but backed off Benjamin Lawsky will step down turns “flattering, embarrassing ©Entire contents copyright 2015 by Crain Communications Inc. All rights reserved. amid disappointing economic next month as New York’s top bank and gratifying.” data. regulator after four years. During his
2 | Crain’s New York Business | May 25, 2015 20150525-NEWS--0003-NAT-CCI-CN_-- 5/22/2015 6:55 PM Page 1
ALL FOR ONE: IN THE Caroline Woolard (left) hopes the BOROUGHS investment co-op she founded can help MANHATTAN Ana Martinez du Luco’s recycling nonprofit. Whitney leaves void on Madison Shops hope Met outpost, Apple store will revive foot traffic
BY JOE ANUTA
In the past seven months,shop own- ers along a tony stretch of Madison Avenue on the Upper East Side have seen foot traffic drop by roughly 200,000 people—a drought expect- ed to drag on for 10 more months. “When you’re busy during lunch, you don’t notice, but later in the af- ternoon, you really miss that extra crowd,” said John Catechis, a man- buck ennis ager at 3 Guys Restaurant, which serves diner-style grub near the cor- ner of East 76th Street. He and others blame their loss on A new kind of co-op a vacant, brutalist-style building on the corner of East 75th Street, which until October of last year But when she and a handful of her fellow Real Estate Investment Cooperative, about 200 housed the Whitney Museum of Hundreds to jointly buy renters—welders, fashion designers, painters, New Yorkers from diverse neighborhoods, pro- American Art. Ironically, in some commercial property woodworkers—looked into investing in their fessions, ethnicities and tax brackets hope to in- ways Upper East Siders have no one space, they learned that they didn’t qualify for a vest jointly in commercial property in areas where to blame but themselves,because for in high-rent areas loan. Banks didn’t see co-workers banding to- rents are rising rapidly, carving out permanently years they waged war on a succession gether; they saw individual artisans who simply affordable space for community-based small busi- of the museum’s plans for a much- didn’t have the cash required of them. nesses and cultural organizations. needed expansion of its Marcel BY CAROLINE LEWIS “It’s expensive to be poor,” said Ms. Woolard, The idea for the co-op came out of a Face- Breuer-designed flagship. 31.“If you don’t have capital,not much is possible.” book conversation between Ms. Woolard, who In the end,the Whitney threw in Caroline Woolard first got the idea to invest in As a small group they may have been financial- built “sharing economy” websites Our Goods the towel and decamped to the commercial property when she realized she ly powerless, but if they were an organized collec- and Trade School, and her friend Paula Segal, meatpacking district, where its far- would soon be priced out of her artist’s studio in tive of hundreds of small investors, Ms. Woolard an attorney and founder of nonprofit 596 Acres, larger facility opened to rave reviews Brooklyn. thought,they would not be.By forming the NYC See REAL ESTATE on Page 19 See VOID on Page 18
STATS AND THE CITY by Gerald Schifman Yet another ride service. MINIMUM WAGE—AND THEN SOME Only this one is different THE LOS ANGELES CITY COUNCIL last week voted to hike the local minimum wage to $15 by 2020. Political pressure is mounting in Albany to allow New York City to follow suit, separate from New York state, where the current $8.75-an-hour minimum bumps to $9 on Dec. 31. bly other boroughs, as long as everyone is will- Really different: $5 takes ing to share. you almost door-to-door, Last week,a full Via SUV felt like a European The share of workers in New York’s 62 counties believed to be making less than $15 per hour ranges train car in an old movie: Inside, a television di- from 28% in Manhattan to a majority in the Bronx. with several fellow NYers rector read The New York Times while a recent NYC boroughs Putnam, Rockland, Nassau, Suffolk, Westchester and Orange counties Upstate counties Barnard graduate perused her correspondence Bronx 52% Manhattan 28% Brooklyn 41% (on her phone). The scenery passed by as the Queens 37% BY MATTHEW FLAMM SUV quietly rumbled along. In another Via ve- Staten Island hicle, two passengers found out they were both 29% Uber may be changing the way New Yorkers hail commercial real estate executives and ended up a cab, but the one app-based ride-share service exchanging cards. that actually involves sharing a ride is gaining “You can’t beat it—it’s convenient, and most momentum. of the time nobody gets you into Despite its small size and grad- conversations, which, frankly, I 1 Rank among NY’s 62 counties 62 ual, under-the-radar rollout dur- Startup Via prefer,”said Christopher Foerch,a ing the past year and a half,Via has is small, corporate leasing adviser at Savills On the other hand, even if NYC gets its own minimum wage, $15 may not be enough, according to the big ambitions:to deploy technolo- Studley,explaining that he uses his Self-Sufficiency Standard. This measures the hourly salary needed by two full-time earners to cover basic gy to fill a gap between public and time in a Via car to work. family expenses in a given area. Less than $15 an hour may suffice in most counties upstate, but in the private transportation.The service but poised Now Via is poised for what five boroughs and their suburbs, even $15 an hour isn’t enough to make ends meet. essentially combines the cheap, for a $27M amounts to a major expansion, communal ride of a bus with thanks to the $27 million it raised $11.61-$16.12 something close to the door-to- $15.35-$16.95 $16.11-$20.73 in April. The company launched 1 door service of a cab. Or to put it expansion in 2013 with only rush-hour rides, UPSTATE COUNTIES NEW YORK CITY NYC SUBURBAN COUNTIES another way: Via aims to turn a Monday to Friday, on a narrow 1- Self-sufficiency hourly wage range for New York’s 16 largest upstate counties. Sources: National Employment Law Project, Fiscal Policy Institute profit offering New Yorkers $5 stretch of the Upper East Side. rides across Manhattan and possi- See RIDE-SHARE on Page 19 ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY
May 25, 2015 | Crain’s New York Business | 3 20150525-NEWS--0004-NAT-CCI-CN_-- 5/22/2015 2:35 PM Page 1 IN THE MARKETS DON’T by Aaron Elstein MISS Lending outlook UPCOMING CRAIN’S EVENTS hardly crainsnewyork.com/events gloomy
Thursday, June 4, 2015 for Bank Crain’s Business Breakfast Forum: shahar azran leumi shahar azran Leumi Howard Zemsky, President & CEO, Empire State Development he story in banking has become a numbingly 8:00 a.m. – 9:30 a.m. repetitive litany of fines—the latest being last week’s $5.6 billion joint payout by Citigroup, JPMorgan Chase ...... Tand two others for manipulating currency markets—and guilty pleas by the institutions.The deterrent effect seems to be about zero, which coincidentally is the same number of Thursday, September 17, 2015 executives charged with crimes. So let’s ignore all that dismal Crain’s 50 Most Powerful Women stuff and talk about a bank that’s overcoming its problems in New York Celebratory Luncheon and investing in serving customers: Israel’s Bank Leumi. The bank, which has been in gle client. But Leumi, like most of 12:00 p.m. – 2:00 p.m. New York for nearly 50 years, is on its ilk, has had its legal troubles. a growth kick. This week it will Last year, it admitted to helping ...... name Peter Dawson, who has more U.S. residents evade taxes and paid than 30 years of experience at HSBC $270 million in fines to settle with and others, as head of New York the Justice Department,which said Wednesday, October 28, 2015 middle-market banking. The bank the bank provided investigators will also name former Smith Barney “extraordinary cooperation.” Crain’s Made in New York Food CEO Charles Johnston as chairman As Leumi tries to move past that of its U.S. board to underscore its episode, it aims to step up lending and Beverage Trade Show commitment to building its wealth- in real estate, health care and other management arm. Additionally, it’s sectors. Only about 15% of its U.S. 9:00 a.m. – 5:00 p.m. spending $50 million on overhaul- clients are Israeli companies or Is- ing its tech systems, a significant raeli executives doing business ...... investment for a bank whose U.S. here, but to further expand its cus- division has $5 billion in assets and tomer base—and maybe create generated $11 million in net some distance from a mother coun- Friday, December 4, 2015 income in 2013. try that has a certain way of provok- The idea, said Avner Mendelson, ing emotional reactions—Mr. Crain’s 2015 Best Places to the 40-year-old CEO of Bank Mendelson said the bank is think- Leumi USA,is to offer a similar ar- ing about adopting a new name in Work Awards ray of services as other global banks the U.S. (Leumi means “national” 12:00 p.m. – 2:00 p.m. and not rely on customers’ doing in Hebrew, by the way.) business with it because they feel as Other ethnically or nationally though they should support Israel affiliated banks have done the in some way. “We know the guilt same,including Puerto Rico-based strategy doesn’t work anymore,” Banco Popular, which recently said Mr. Mendelson (pictured), a changed its name to Popular Commu- former McKinsey consultant. nity Bank, and Hongkong & Shang- For event information: While the bank staffs up, it’s hai Banking Corp.,which years ago dramatically shrinking its foot- decided to be known as the more Tara Richmond print. Leumi is down to its last five global HSBC. branches in the U.S., compared Mr. Mendelson said his bank is 212-210-0739 with 12 a few years ago,and has just going to complete its staff expansion [email protected] one in New York, on the corner of and tech overhaul before taking on 47th Street and Fifth Avenue. something as radical as a name Mr. Mendelson said the branch change.In the meantime,its name is For sponsorship opportunities: closings haven’t cost the bank a sin- pronounced this way: Le-oomy. Ⅲ
Joanna Harp THE UNUSUALLY PRECISE 212-210-0278 AMOUNT raised by Obvious $123,456,789 Ventures, a VC fund launched [email protected] by former Twitter CEO Evan Williams. An exec explained to VentureBeat that the firm “wanted to have a little Photo Credit: Buck Ennis, Crain’s New York Business fun” in raising its first fund, which is intended to back startups that offer “positive social and environmental benefits with every dollar of revenue they earn.”
4 | Crain’s New York Business | May 25, 2015 ADV-0515-0193 TRIANGLE_CRAINS Full_success_green_Layout 1 5/15/2015 4:58 PM Page 1
SUCCESS IS 1% INSPIRATION, 99% KNOWING WHO TO ASK.
What good is having an idea if you can’t make it a reality? Marcum has the experience across dozens of industries to be your resource when it’s time for action. That’s why when can-do people need things done, they ask Marcum. marcumllp.com/crains 20150525-NEWS--0006-NAT-CCI-CN_-- 5/22/2015 6:56 PM Page 1 THE would be “fair, trans- In fiscal year 2014, the commis- parent and efficient.” sion filed 497 cases against business INSIDER Additional legisla- and property owners, 189 of which by Andrew J. Hawkins tion signed by the were resolved without penalties. mayor that same day “The commission supports ef- requires the Human forts to increase awareness of New Rights Commission Yorkers’ rights and responsibilities Coming soon: fake job applicants to make public the under the New York City Human number of investiga- Rights Law, which prohibits dis- tions and enforce- crimination in housing, public ac- mployers, beware: The next job applicant to walk ment actions it takes. commodations and employment for through your door may actually be an undercover city The mayor is many protected categories,” said “tester” sniffing around for discrimination. requesting a 25% Human Rights Commissioner Carmelyn Malalis E Bill de Blasio istock budget increase for , who was appointed Last month, Mayor signed into law a bill the commission in by Mr.de Blasio last November.“It’s requiring the city’s Human Rights Commission to send out “recent grad,” “clean-cut” or “must fiscal year 2016,to $8.8 million.The critical for business owners, em- fake applicants to inquire about jobs with local businesses, or own car” in help-wanted ads. extra funds would help pay for a 52% ployers and housing providers to to approach landlords about available dwellings. The law compels the commis- staff increase, bringing the agency understand their obligations under sion to start dispatching testers no up to 100 employees. the law, and for job and housing ap- In a technique called “matched- signals a shift in enforcement strat- later than Oct. 1. Its report on its The commission already has a plicants to know their rights and pair testing,” two similarly creden- egy. Typically, the agency responds first year of gotcha policing is due to testing program that includes inves- how to avail [themselves] of the tialed pseudo job applicants or ten- to complaints rather than bait po- the City Council on March 1, 2017. tigators, a spokeswoman said. She law’s protections.” ants will show up separately, with tential violators. But it is well Ms. Berdzik said many employ- promised that any new testers will The mayor and City Council one displaying at least one of the equipped for its new role, as it has a ers are not aware of the new law,and be “thoroughly trained by our inves- have cracked down on employer be- characteristics protected by the city’s law-enforcement bureau replete even those who get wind of it might tigators and law-enforcement staff.” havior they consider unfair to work- human-rights law. Race, age, sexual with former undercover cops. not know what constitutes an inap- The spokeswoman wouldn’t say ers and job-seekers. The mayor orientation,immigration status,dis- “This agency is supposed to en- propriate or discriminatory com- which industries or property owners signed a bill last month to ban most ability, criminal history, joblessness force discrimination law, not create ment during an interview. would be targeted for discrimina- employers from checking job appli- and marital status are among them. new actions,”said Caroline Berdzik,an She said the new law could cre- tion investigations.But,she said,the cants’ credit history. He also signed Employers or landlords who vio- attorney who chairs the employ- ate legal headaches for the city, es- commission was more focused on into law a measure allowing unpaid late the law could be fined anywhere ment and health care practice at law pecially if employers feel entrapped compliance and resolution than on interns to sue their employers for from $2,500 to $25,000.It’s the first firm Goldberg Segalla. “This is go- by the discrimination testers. Her punishing businesses. sexual harassment. Ⅲ time the city has mandated under- ing to open a whole can of worms.” firm is among several that have pub- cover testing of employers. In the past, employers in the city lished guides for business owners The Human Rights Commis- have been charged with discrimina- about the law’s potential effects and QUOTE OF THE WEEK: ‘Listen carefully, and sion is required to conduct at least tion for posting jobs for “busboys” or recommendations for managers five of these matched-pair testing “waitresses,” according to law firm who handle hiring. tone down the rhetoric’ investigations every year but can do Fox Rothschild, which advises busi- Upon signing the bill in April, —State Board of Regents Chancellor Merryl Tisch, as many as it wants. The new law nesses to avoid using such terms as Mr. de Blasio vowed investigations warning all sides in the fight over education reform
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6 | Crain’s New York Business | May 25, 2015 20150525-NEWS--0007-NAT-CCI-CN_-- 5/22/2015 11:34 AM Page 1
REAL ESTATE
square-foot retail mall at Hudson Yards.As an alternative,Mr.Andrés Chefs stir up Hudson Yards is considering a smaller space on a lower floor in the mall. he far West Side is quickly becoming a magnet for celebrity plans to partner on food offerings at Messrs.Meyer and Andrés would chefs. Restaurateur Danny Meyer and chef José Andrés are eye- the 11 million-square-foot rail-yards be the latest big-name restaurateurs ing Hudson Yards. site that Related is building. to sign on at Hudson Yards. Related Mr. Meyer is close to taking more than 40,000 square feet of The food hall would take space recently announced that it will bring space at the base of 10 Hudson Yards, a 1.7 million-square-foot of- that had previously been leased to a a restaurant, operated by Per Se chef Tfice tower that will be anchored by the handbag purveyor Coach.The food hall Fairway supermarket in 2013, ac- Thomas Keller, into the retail mall it would occupy street-level space along West 30th Street near the corner of 10th cording to sources. Fairway and Re- is building at the Hudson Yards.Mr. Avenue, one of the main entry points to the High Line, and would benefit lated have since agreed to terminate Keller will take 15,000 square feet on from high foot traffic from the millions of visitors to the popular elevated park. that deal, according to sources. the seven-story mall building’s fifth Mr.Meyer would offer several culinary options,although details were not Meanwhile, Mr. Andrés is close floor in a space that includes outdoor immediately clear. to signing a deal with Related to seating on a terrace.All told,the mall The Related Cos.,which is developing 10 Hudson Yards,purchased a stake open a 13,000-square-foot restau- will offer more than 100,000 square in Mr. Meyer’s catering company,Union Square Events, three years ago, with rant at the developer’s 1 million- feet of fine dining. Foot Locker shifts farther west
Footwear and sports-apparel retail- er Foot Locker is moving its corpo- rate offices from 112 W. 34th St., which houses its flagship store, to 330 W. 34th St. It will take 145,000 square feet at the 18-story building, located be- tween Eighth and Ninth av- enues. Sources fa- miliar with the Todd Staub deal said Foot CHIEF FINANCIAL OFFICER Locker com- UTZ QUALITY FOODS mitted to 10 years at the space. The asking rents at 330 W. 34th St. are in the $60s per square foot.The deal is the second major lease signed by landlord Vornado Realty Trust at the 700,000-square-foot building in the past year. In 2014, the land- lord inked a 114,000-square-foot A hunger lease with online marketing compa- ny Yodle. Vornado has pledged to spend hundreds of millions of dollars up- for growth. grading retail space it owns in more than a dozen buildings in the Penn Station neighborhood. The real es- tate investment trust wants to trans- form the area into a prime destination for office and retail tenants. Understanding Canadian retailer leaves Fifth Ave. what’s important. Joe Fresh, a Toronto-based clothing chain,is closing two of its five Man- hattan stores, at 110 and 510 Fifth Ave., in the coming months. A subsidiary of the Canadian re- Utz Quality Foods has come a long way from the kitchen of Bill and Salie Utz. Today, they deliver snacks all over tail conglomerate Loblaw Cos., Joe Fresh began opening New York the country, employing thousands of hardworking Americans. At M&T, we’re proud to have aided their recent City stores in 2012. The move fol- lows recent news that Joe Fresh cut growth – being proactive with acquisitions and providing multiple strategic financing options. We not only have its ties with department store J.C. Penney earlier this month. the resources they need, we offer the responsive, personal attention this family-owned company is looking for. The brand hasn’t gained enough /commercial traction or market share in the ultra- Find more of Utz Quality Foods’ story at mtb.com . competitive world of fast fashion or basic wear, which is crowded with large competitors such as Uniqlo and Gap. The retailer has hired CBRE Group to help it sublease its Fifth Avenue stores. Both are located in prime retail corridors in the bustling Flatiron district and on upper Fifth Avenue, where retail rents are at DEPOSITORY AND LENDING SOLUTIONS | TREASURY MANAGEMENT | MERCHANT SERVICES | COMMERCIAL CARD least $3,000 per square foot. Joe Fresh plans to keep its other stores in the city, according to ©2015 M&T Bank. Member FDIC. sources. —daniel geiger
May 25, 2015 | Crain’s New York Business | 7 20150525-NEWS--0008-NAT-CCI-CN_-- 5/22/2015 6:57 PM Page 1
OPINION CRAIN’S NEW YORK BUSINESS
End public housing’s taboo editor in chief Rance Crain publisher, vp Jill R. Kaplan EDITORIAL n the business world, it’s hard to keep good ideas ignore that the agency’s fiscal problems (attributable mostly executive editor Jeremy Smerd assistant managing editors Barbara Benson, down, but in the public sphere, politics often to federal funding cuts) are compromising its mission more Erik Engquist intrude.That’s why we were especially gratified last than market-rate units would. senior news producer Amanda Fung copy desk chief Steve Noveck week when Mayor Bill de Blasio revived a There’s much more to like about the de Blasio plan, art director Carolyn McClain Bloomberg administration plan to allow market- including that it will facilitate moving tenants into smaller staff photographer Buck Ennis senior reporters Aaron Elstein, Matthew Flamm, rate apartments on New York City Housing apartments, freeing up larger units for families that Daniel Geiger, Adrianne Pasquarelli reporters Joe Anuta, Andrew J. Hawkins, Authority property. desperately need them.The authority will also modernize its Jonathan LaMantia, Caroline Lewis The mayor modified the plan enough to head off cries of rent-payment system, which collects only 74% of what it’s data reporter Gerald Schifman news producer Emily Laermer betrayal, given that he had opposed his predecessor’s attempt owed and is so clunky that many tenants venture to check- editorial intern Carly Apar I editor at large Glenn Coleman to break the taboo of for-profit homes on public-housing cashing stores every month to pay. It will enter into more columnist Greg David land. Rather than let developers build towers with 80% partnerships with contributing editors Tom Acitelli, Theresa Agovino, Paul Bennett, Erik Ipsen, market-rate and 20% affordable apartments, Mr. de Blasio private owners to Elizabeth MacBride, Judith Messina, Elaine Pofeldt, will require a 50-50 split. The mayor make properties Miriam Kreinin Souccar, Cara S. Trager What’s important, though, is that the new plan will eligible for federal ADVERTISING advertising director Joanna Harp generate $400 million to $800 million over the first 10 years wisely embraces rent subsidies without senior account managers Jill Bottomley Kunkes, Rob Pierce for public housing from private development. Some of the market-rate units giving up authority account managers Zita Doktor, Stuart Smilowitz revenue will recur. And because the plan is championed by a control of the sales coordinator LeAnn Richardson in the projects credit manager Jason Hogan (313-446-0353) nonbillionaire mayor whose cause célèbre is reducing income apartments. It will ONLINE AND INTERACTIVE SERVICES inequality, it will be an easier sell to public-housing hike the average general manager Rosemary Maggiore advocates and residents. Mr. de Blasio won’t relish this outer-borough CUSTOM CONTENT, EVENTS AND PRODUCTION crain’s 5boros general manager comparison, but the Nixon-in-China dynamic is parking-spot fee to Irene Bar-Am unmistakable. $86 a month from an director of audience & content partnership development Michael O’Connor The money is crucial because cost-cutting, efficiency absurdly low $26. Its duplicative units will be folded into director of conferences & events gains and innovation alone won’t get the Housing Authority other city agencies. Courtney Williams manager of conference s & events out of its immense financial hole—$17 billion in capital Finally, the city’s public-housing system has a road map to Adrienne Yee events coordinator & scheduler needs and red ink as far as the eye can see. It would be sustainability. Nearly 500,000 New Yorkers stand to benefit Alexis Sinclair foolhardy not to leverage the authority’s most valuable asset: directly.There should always be room for good ideas. We director, reprints and licensing Lauren Melesio developable Manhattan land.To call this blasphemy is to applaud the mayor for his embrace of many of them. production and pre-press director Simone Pryce media services manager Nicole Spell COMMENTS TO SUBSCRIBE: For print and digital subscriptions or customer service, e-mail [email protected] or call 877-824-9379 (in the U.S. and Canada) or 313-446-0450 (all other locations). $3.00 a copy for the print edition; or $99.95 one year, $179.95 two Tar and feathers for de Blasio years, for print subscriptions with digital access. www.crainsnewyork.com/subscribe HEADLINE INEQUALITY for the 1%,” May 18). We live penny for additional return on Each Long Island Rail Road TO ADVERTISE: right around the corner from this capital—without consideration of station and downtown that Contact Joanna Harp at [email protected] or call 212-210-0278. Your attention-grabbing headline business, and my wife and I had their workforce—that is damaging surrounds it has a variety of factors www.crainsnewyork.com/advertise “While the mayor talks, Cuomo the same reaction: interesting idea, to New York. People who work in and infrastructure limitations— FOR INFORMATION ON OUR EVENTS: acts” (May 11) was nothing more but not for Second Avenue, which the five boroughs should at least beyond a NIMBY mentality that Contact Courtney Williams at than pure nonsense devoid of any is far too downscale for such an be able to afford to live here. fears “Queensification”—that [email protected] or 212-210-0257. objectivity. Your headline emporium to succeed. It’s imperative to have prevent the allowance of density. www.crainsnewyork.com/events portrayed Mayor Bill de Blasio as —david m. grant standards for paying a living wage Long Island’s locally sourced FOR INFORMATION ON CRAIN’S 5BOROS: though his stance on raising the President, LVM Group and providing a safe workplace, zoning is in place thanks to our Contact Irene Bar-Am at minimum wage were nothing but health coverage and disability area’s reliance upon a sole-source [email protected] or 212-210-0133. an empty promise, while Andrew BELOW-GRADE protection should workers be aquifer system that provides our www.5boros.com Cuomo clearly is a man of action. CONSTRUCTION JOBS seriously injured doing what is one drinking water and limited TO CONTACT THE NEWSROOM: Then, in your article, you point of the most dangerous professions. wastewater treatment options. 685 Third Ave., New York, NY 10017-4024 out how the mayor is powerless to “Labor-law infractions cost these Thanks to the state Density is being increased in areas editorial phone: 212-210-0277 fax 212-210-0799 raise the minimum wage without firms more than cash” (May 18) Department of Labor and Crain’s that can handle such growth and Entire contents ©copyright 2015 Crain Communications Inc. legislation in Albany.Your objective addresses an important topic— for spotlighting the topic. kept to a minimum in places All rights reserved. ®CityBusiness is a registered trademark here was clearly to tar and feather wage theft—going on unabated —richard roberts where our antiquated roads and of MCP Inc., used under license agreement. the mayor and portray him as a within the New York City Business agent at large cesspools cannot mitigate against CRAIN COMMUNICATIONS INC. BOARD OF DIRECTORS man of inaction at first glance. construction economy. Steamfitters Local 638 the impacts of development. chairman Keith E. Crain Even though you eventually Construction and real estate Long Island historically has president Rance Crain explained what his powers are, you generated $36 billion in 2014 (up fueled city growth by providing treasurer Mary Kay Crain QUEENSIFYING LONG ISLAND Cindi Crain wasted no opportunity bashing the 26%), according to the New York suburban living and an educated mayor from the outset with your Building Congress, and employed “A surprising solution for city’s workforce. By thinking regionally, executive vp, operations William Morrow executive vp, director of strategic incendiary headline. Shame on you! almost 123,000. It’s one of the housing dilemma” (May 4) we can cohesively deal with our operations Chris Crain —marek nierodzinski main arteries of our local economy. correctly addresses a growing affordable-housing shortage, but executive vp, director of corporate Astoria, Queens But it won’t provide true value if regional cohesion forming across we must respect the factors that operations K.C. Crain senior vp, group publisher David Klein builders shortchange New York. Nassau and Suffolk counties make Nassau and Suffolk both vp/production, manufacturing David Kamis RIGHT IDEA, WRONG AVENUE The real estate boom has been concerning transit-oriented challenging to develop in and chief financial officer Thomas Stevens attracting international investor projects.The issue, however, is appealing to their residents. chief information officer Anthony DiPonio Interesting article (“Champagne dollars here, but if the mantra of that the transit-oriented approach —rich murdocco founder G.D. Crain Jr. (1885-1973) with your Cialis? It’s the pharmacy the investors is to squeeze every isn’t a one-size-fits-all solution. Syosset, N.Y. chairman Mrs. G.D. Crain Jr. (1911-1996) secretary Merrilee Crain (1942-2012)
CRAIN’S WELCOMES SUBMISSIONS to its opinion pages. Send letters to [email protected]. Send columns of 475 words or fewer to [email protected]. Please include the writer’s name, company, address and telephone number.
8 | Crain’s New York Business | May 25, 2015 20150525-NEWS--0009-NAT-CCI-CN_-- 5/21/2015 6:55 PM Page 1
LOU COLETTI make it obvious that we are in a Building-site safety is building boom. There has been a Break Away... 30% increase in building permits is- sued or renewed in the past five everyone’s business years, while the number of DOB employees has dropped by 20%. To adequately enforce safety,the agency and make your business better ecent tragic accidents on construction sites have needs money to hire staff—and the grabbed headlines and made the city take notice, council should make that happen. It is also time that the DOB gets but we need to focus on what to do once those resources to support its Major Pro- headlines fade. For those of us in the construction jects Initiative,which has been mar- industry,our top priority has to be preventing even ginalized by a lack of funding. The more tragedies from happening.There is no margin for error program, which brings senior DOB R managers and inspectors together here—lives are literally on the line—so at a City Council hear- with developers, contractors and ing this month, we proposed a “zero-tolerance initiative” to construction managers in precon- struction phases, was tremendously demonstrate just how serious we are job site, everyone is safer. successful in reducing accidents. when it comes to safety. ⅷ Installation of a cocoon system for There is no reason for that program The Building Trades Employers’ concrete projects, essentially enclos- to be waning. It should be growing. Association represents 27 contrac- ing high-rise construction sites for Safety is ultimately about leader- Industries served: tor associations and 2,000 union any job over 10 stories. These co- ship. Our personnel policies compel Financial Services . Manufacturing & Distribution . Technology construction managers, general coons will provide additional pro- our supervisors to remove any work- 1RWIRU3URÀW . Retail . Construction . Architecture & Engineering contractors and specialty trades tection to the public from debris or er from a site where he or she causes Real Estate . Healthcare . Transportation & Shipping contractors doing business in the material that may fall from high an accident that endangers workers Media, Entertainment & Telecommunications city.Every day,our builders are com- buildings. Workers would benefit or the public. Every contractor in mitted to facilitating the safest work from these protections as well. the city, union-affiliated or not, environments possible, but there are ⅷ Greater crane-operator accounta- should take that position. 488 Madison Avenue, New York, NY 10022 always going to be bad actors.That’s bility through signed inspection ver- These steps sound simple, but 50 Jericho Quadrangle, Jericho, NY 11753 10 Esquire Road, New City, NY 10956 why we want the City Council to re- ification forms. they’re not standard across construc- www.grassicpas.com quire certain elements on every job I applaud Mayor Bill de Blasio’s tionsites.Each day that goes by with- site going forward: call for more than 200 new building out enacting these changes means we ⅷ Drug and alcohol testing on job sites. inspectors.The council should work are taking unnecessary risk. The ⅷ Ten-hour OSHA training cards. with him to increase funding for the stakes are too high to stand idly by. Sometimes the smallest measures Department of Buildings and pro- make the biggest difference. When vide more inspectors for job sites. Lou Coletti is president of the Building every worker knows what to do on a The cranes over the city’s skyline Trades Employers’ Association.
else would be the governor’s doing, and he would get all the points. Keeping score in ⅷ Education tax credit and charter- school cap.The governor and the Re- the state legislature publicans are seeking tax credits for donations to private and public schools at the behest of the ith less than a month remaining in the leg- Catholic- and charter-school lob- islative session in Albany, the outcome of bies. Democrats are opposed to both, defending their allies in the the five most important pending issues re- teachers’union.Mr.Cuomo and the mains unclear.With new leadership in both Republicans get 10 points for each the Assembly and the Senate—and Gov. one approved. The Democrats get Andrew Cuomo’s declining poll numbers—power is more in 10 points for each one blocked. W ⅷ Teacher evaluations. The plan to flux than it has been in decades. overhaul evaluations and use them Instead of making reckless predictions, I have constructed a in teacher-tenure and -retention de- cisions has roiled Albany ever since score sheet for Democrats,Republi- the governor forced it into the budg- cans, the governor and Mayor Bill et over Democratic objections. If de Blasio, allowing us to figure out there is no change to the current the winners after the decisions are plan in the budget, Mr. Cuomo gets made. Twenty points are available 20 points. Significant changes win for each topic. the Democrats 20. ⅷ Rent regulation, which expires June ⅷ Minimum wage. Until last week, 15. If the rules are extended without Republicans had won all 20 points by change for four years or so, the GOP refusing to consider the governor’s gets all 20 points for having defended relatively modest increase or the ma- the interests of the real estate indus- jor hike advocated by Mr. de Blasio. try. If the extension is for a short pe- But the Los Angeles City Council’s riod (say, two years), the Democrats decision to enact a $15 standard by and the mayor each get five points. GREG DAVID 2020 may have upended the political That’s because the Democrats have a math. If there is no change here, the good chance to capture control of the Republicans get all 20. A $1 or so in- Senate in 2016, which would allow struction has made odd bedfellows crease,with an additional amount for them to quickly strengthen the laws. of the mayor and the Real Estate New York City,would mean the gov- If the rent rules are significantly Board of New York,which both sup- ernor gets 10 and the Democrats and strengthened by limiting luxury va- port its extension with a requirement mayor each get five. If there is a big- cancy decontrol, then the Democrats that each project include affordable ger increase, along with a New York and the mayor each get 10 points. housing. Other groups allied with City premium, the Democrats and ⅷ Reform of the 421-a tax credit.This the Democrats want the break elim- the mayor get 10 each. highly controversial, $1 billion-a- inated. The mayor gets all 20 points The results should be available year tax break to encourage new con- if his plan passes intact. Anything June 18.
May 25, 2015 | Crain’s New York Business | 9 20150525-NEWS--0010-NAT-CCI-CN_-- 5/22/2015 2:38 PM Page 1
LARGEST COMPANIES REPORT
This list doesn’t capture the entire New York economy, but it’s a great place to start, with our latest rankings of 150 giants of finance, technology, retail, media, health care, real estate, transportation and more. See Page 15 for additional charts tracking their progress and impact.
TOTAL REVENUE TOTAL NET INCOME
+2.4% -5.8% COMBINED revenue ... WHILE combined for the New York area’s net income for the 150 150 largest public companies fell 5.8% to companies rose 2.4% $197.3 billion. last year to surpass $1.7 trillion ...
GOING GLOBAL: The combined $1.7 trillion in revenue for the New York area’s 150 largest public companies would fall between the gross domestic products
of Canada and Australia. s
o t
o h p k c to is Canada NY public companies Australia $1.8 trillion $1.7 trillion $1.6 trillion
HERE ARE NEW YORK’S MOST PROFITABLE PUBLIC COMPANIES These companies had profit margins of 20% or greater in 2014.
Revenue Net income Profit Company (rank) (in millions) (in millions) margin* Macquarie Infrastructure Co. (No. 117) $1,351 $1,042 77.1% Chimera Investment Corp. (No. 134) $973 $589 60.6% Ares Capital Corp. (No. 132) $989 $591 59.8% MBIA Inc. (No. 128) $1,135 $569 50.1% New Residential Investment Corp. (No. 150) $711 $353 49.7% Prospect Capital Corp. (No. 149) $712 $319 44.8% MasterCard Inc. (No. 43) $9,473 $3,617 38.2% Kimco Realty Corp. (No. 123) $1,196 $424 35.5% SL Green Realty Corp. (No. 112) $1,547 $518 33.5% Vornado Realty Trust (No. 81) $2,636 $865 32.8% CIT Group Inc. (No. 69) $3,625 $1,130 31.2% Signature Bank (No. 135) $959 $297 30.9% BlackRock Inc. (No. 35) $11,081 $3,294 29.7% Moody’s Corp. (No. 72) $3,334 $989 29.7% MSCI Inc. (No. 131) $997 $284 28.5% Merck & Co Inc. (No. 11) $42,237 $11,920 28.2% W.P. Carey & Co. (No. 140) $906 $240 26.5% Celgene Corp. (No. 49) $7,670 $2,000 26.1% New York Community Bancorp Inc. (No. 95) $1,885 $485 25.8% Verisk Analytics Inc. (No. 104) $1,747 $400 22.9% Outfront Media Inc. (No. 116) $1,354 $307 22.7% Hess Corp. (No. 39) $10,737 $2,317 21.6% CBS Corp. (No. 27) $13,806 $2,959 21.4% JPMorgan Chase & Co. (No. 2) $102,102 $21,762 21.3% Blackstone Group (No. 51) $7,485 $1,585 21.2% Goldman Sachs Group Inc. (No. 12) $40,085 $8,477 21.1% Voya Financial Inc. (No. 36) $11,071 $2,300 20.8% CA Inc. (No. 64) $4,515 $914 20.2% New York: still a company town York: New
*Defined as net income as a percentage of revenue. Figures are rounded. konefal buck ennis/graphic composite wally
10 | Crain’s New York Business | May 25, 2015 20150525-NEWS--0011-NAT-CCI-CN_-- 5/21/2015 6:56 PM Page 1
THE NY Area’s Largest Publicly Held Companies LIST Ranked by annual revenue
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May 25, 2015 | Crain’s New York Business | 11 20150525-NEWS--0012,0013-NAT-CCI-CN_-- 5/21/2015 6:57 PM Page 1
THE LIST Largest Publicly Held Companies
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4<@G(2748< <2 * 62=E942C6AC@5F4ED2?5D6CG:46D bloomberg news FCJ62)@25$6=G:==6%0 96?CJD496:? 4@> No. 51 =6<8H0 +* *@7EH2C6 C2?<. FCC=G5 +62?64<%! 4@8?:K2?E 4@> In 2014, Blackstone Group reaped a fortune #0AB4@0@3 <2 $ '2J>6?ED@=FE:@?D from selling companies 'FC492D6*E 'FC492D6%0 >2DE6C42C5 4@> and properties it bought D=<&@=3C2BA <2 -' ? > 62=E92?5362FEJ2:5D years ago. That allowed +9:C5G6 %6H0@C<%0 2G@? 4@> it to return more than $4EA=@> %.* $65:22?56?E6CE2:?>6?E $20 billion in gains to *:IE9G6 %6H0@C<%0 ?6HD4@CA 4@> institutions that invested 42B=<8298
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12 | Crain’s New York Business | May 25, 2015 20150525-NEWS--0012,0013-NAT-CCI-CN_-- 5/21/2015 6:57 PM Page 2
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THE LIST Largest Publicly Held Companies
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$=@B7AB0@'40:BG 8<0<24=@> %) ? > )62=6DE2E6:?G6DE>6?EECFDE '2C<G6 %6H0@C<%0 ?C74 4@> !0B4(>034= "+ AA2C6= No. 127 '2C<G6 %6H0@C<%0 <2E6DA2562?54@>A2?J 4@> It turns out that Kate # <2 $ ?DFC2?46 Spade & Co. just wasn’t >3:2 4@> $2?92EE2?G:==6)@25'FC492D6%0 a Saturday kind of girl. +4@8>F?:42E:@?D *@FE9*6CG:46)@25$6=G:==6%0 G6C:?E 4@> Although the company had a strong 2014, %>>4<748;4@ =:38<6A <2 &'0 ?G6DE>6?E32?<:?82?53C@<6C286 C@25*E %6H0@C<%0 @A4@ 4@> earlier this year it said it #( <2 $* :?2?4:2=D6CG:46D would close its casual .@C=5+C2566?E6C%6H0@C<%0 >D4: 4@> line of shops, Kate @4A0>8B0:=@> ) :?2?4:2=D6CG:46D Spade Saturday, '2C<G6 %6H0@C<%0 2C6D42A:E2=4@CA 4@> ? 2 including one location (B0<30@3#=B=@&@=3C2BA <2 *$' $@E@C G69:4=6A2CED on Spring St. in SoHo. %@CE96C?=G5 #@?8 D=2?5:EJ%0 D>A4@CA 4@> The reason: Lower-priced 78;4@0
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ALPHABETICAL LISTING OF FIRMS COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK COMPANY RANK
1-800-Flowers.com Inc...... 148 Broadridge Financial Solutions Inc...... 82 Hess Corp...... 39 Moody’s Corp...... 72 Signature Bank ...... 135 ABM Industries Inc...... 60 CA Inc...... 64 HRG Group Inc...... 56 Morgan Stanley ...... 13 Sirius Satellite Radio Inc...... 66 AEP Industries Inc...... 124 Cablevision Systems Corp...... 54 Hudson City Bancorp Inc...... 120 MSC Industrial Direct Co...... 79 Sirona Dental Systems Inc...... 125 Aéropostale Inc...... 97 CBS Corp...... 27 IAC/InterActiveCorp ...... 75 MSCI Inc...... 131 SL Green Realty Corp...... 112 Alcoa Inc...... 19 Celgene Corp...... 49 Icahn Enterprises ...... 21 Nasdaq OMX Group Inc...... 70 Sotheby's ...... 137 Alleghany Corp...... 58 Children's Place Retail Stores Inc...... 103 IDT Corp...... 108 National General Holdings Corp...... 96 Standard Motor Products Inc...... 133 AMC Networks Inc...... 87 Chimera Investment Corp...... 134 International Business Machines Corp...... 3 New Residential Investment Corp...... 150 Steel Partners Holdings ...... 143 American Express Co...... 14 CIT Group Inc...... 69 International Flavors & Fragrances Inc...... 76 New York & Company Inc...... 139 Steven Madden ...... 118 American International Group Inc...... 8 Citigroup Inc...... 4 Interpublic Group of Cos...... 50 New York Community Bancorp Inc...... 95 Systemax Inc...... 71 AmTrust Financial Services Inc...... 67 Coach Inc...... 61 ITT Corp...... 80 New York Times Co...... 109 Take-Two Interactive Software Inc...... 86 Ann Inc...... 83 Cognizant Technology Solutions Corp...... 42 JetBlue Airways Corp...... 57 News Corp...... 45 Tiffany & Co...... 65 Annaly Capital Management Inc...... 85 Colgate-Palmolive Co...... 22 John Wiley & Sons Inc...... 102 Northstar Realty Finance Corp...... 126 Time Inc...... 74 AOL Inc...... 84 Consolidated Edison Inc...... 30 JPMorgan Chase & Co...... 2 Och-Ziff Capital Management Group ...... 113 Time Warner Cable Inc...... 20 Apollo Global Management ...... 110 Corporate Resource Services Inc...... 145 Kate Spade & Co...... 127 Omnicom Group Inc...... 25 Time Warner Inc...... 17 Ares Capital Corp...... 132 Coty Inc...... 63 KCG Holdings Inc...... 119 Oppenheimer Holdings Inc...... 130 Travelers Cos...... 18 Ascena Retail Group Inc...... 62 C.R. Bard Inc...... 73 Kimco Realty Corp...... 123 Outfront Media Inc...... 116 Twenty-First Century Fox Inc...... 15 Assurant Inc...... 40 Dealertrack Holdings Inc...... 142 KKR & Co...... 48 Overseas Shipholding Group Inc...... 136 Universal American Corp...... 90 Atlas Air Worldwide Holdings Inc...... 100 Dun & Bradstreet Corp...... 107 L-3 Communications Holdings Inc...... 33 Pall Corp...... 78 Verint Systems Inc...... 129 Automatic Data Processing Inc...... 32 E*Trade Financial Corp...... 92 Leucadia National Corp...... 31 PepsiCo Inc...... 7 Verisk Analytics Inc...... 104 Avon Products Inc...... 44 Estée Lauder Cos...... 37 Loews Corp...... 26 Pfizer Inc...... 10 Verizon Communications Inc...... 1 Bank of New York Mellon Corp...... 23 Evercore Partners Inc...... 138 Macquarie Infrastructure Co...... 117 Philip Morris International...... 5 Viacom Inc...... 28 Barnes & Noble Inc...... 55 Fairway Group Holdings Corp...... 146 Macy’s Inc...... 16 Prospect Capital Corp...... 149 Village Super Market Inc...... 114 Becton Dickinson & Co...... 46 Foot Locker Inc...... 53 Madison Square Garden Co...... 111 Prudential Financial Inc...... 9 Vitamin Shoppe Inc...... 122 Bed Bath & Beyond Inc...... 34 Fortress Investment Group ...... 99 Marsh & McLennan Cos...... 29 Public Service Enterprise Group Inc...... 38 Volt Information Sciences Inc...... 106 BGC Partners Inc...... 101 GFI Group Inc...... 141 MasterCard Inc...... 43 PVH Corp...... 47 Vornado Realty Trust...... 81 Bio-Reference Laboratories Inc...... 144 G-III Apparel Group...... 89 MBIA Inc...... 128 Ralph Lauren Corp...... 52 VOXX International Corp...... 147 BlackRock Inc...... 35 Goldman Sachs Group Inc...... 12 McGraw Hill Financial Inc...... 59 RCS Capital Corp...... 90 Voya Financial Inc...... 36 Blackstone Group...... 51 Griffon Corp...... 93 Merck & Co Inc...... 11 Regeneron Pharmaceuticals Inc...... 77 Weight Watchers International Inc...... 115 Bristol-Myers Squibb Co...... 24 Hain Celestial Group Inc...... 88 MetLife Inc...... 6 Revlon Inc...... 94 W.P. Carey & Co...... 140 Brixmor Property Group Inc...... 121 Henry Schein Inc...... 41 Minerals Technologies Inc...... 105 Scholastic Corp...... 98 Xylem Inc...... 68
14 | Crain’s New York Business | May 25, 2015 20150525-NEWS--0015-NAT-CCI-CN_-- 5/22/2015 3:03 PM Page 1
REPORT LARGEST PUBLICLY HELD COMPANIES FOLLOW THE LEADERS AND LAGGARDS These companies produced the largest swings in revenue and Stealing sports signals income in recent periods. Plus: the top employers among the 150
Continued from Page 1 Bowman said, a site shut down by and CBS’Showtime Networks filed Mike Emrick’s electrifying play-by- one country will pop up a few weeks a lawsuit alleging that a website was BIGGEST GAINERS play for free. later in another.Indeed,54% of U.S. going to steal their broadcast. A % gains in revenue, 2013-14 These pirate sports sites—some residents ages 18 to 34 admit to hav- federal judge ruled in favor of the of which even make money from ing watched pirated content of some networks,but many people watched New Residential Investment Corp. (No. 150) advertising—are taking advantage kind, according to a survey of 1,115 for free anyway on live streaming +119.9% of technology that’s making it easi- of them last year by Iredeto, a from Periscope. Even so, HBO and er to live-stream high-definition computer-security firm. Showtime reported that 4.4 million RCS Capital Corp. (No. 90) TV feeds, enabling them to expand The loss of any paying audience pay-per-view buys generated more +115.6% their audiences beyond diehard fans for sports is a problem for the likes than $400 million. National General Holdings Corp. (No. 96) willing to put up with choppy video of Time Warner Cable and other Although leagues and broadcast- +99.8% and erratic sound. In short, the ers lobby the government to crack same kind of bandits who at- down on piracy, there haven’t Take-Two Interactive Software Inc. (No. 86) tacked movies and music are been many criminal cases. The +93.5% now assaulting the highest-profile action came in Chimera Investment Corp. (No. 134) multibillion-dollar world of 2011, when federal prosecutors +88.1% sports. in Manhattan indicted a 32-year- “It’s a huge, huge concern,” old fellow from a Houston sub- said Austin Berglas, head of urb for streaming sporting events BIGGEST LOSERS U.S. cyber investigations at and making $90,000 in ad rev- Kroll and a former FBI special enue along the way. Ultimately, % declines in revenue, 2013-14 agent who established the bu- the feds let the defendant off the reau’s financial cybercrimes task hook, consenting to a deferred- Apollo Global Management (No. 110) force. prosecution agreement in 2013, -58.2% “I did a lot of work with Ma- and six months later U.S. Attor- Annaly Capital Management Inc. (No. 85) jor League Baseball on this,” Mr. ney Preet Bharara agreed not to press -25.8% Berglas said, “and they lose a ton of Fears of being the case further. money from piracy.” One reason the government has Och-Ziff Capital Management Group (No. 113) One reason sports teams are los- prosecuted are not been more aggressive: Although -18.7% ing “a ton” of money is there’s a ton leagues and their broadcast partners KKR & Co. (No. 48) of money to lose. Last year, $60 bil- so low that are undeniably being harmed finan- lion was paid out to professional cially by piracy, the hefty prices of -18.3% sports teams in North America by some Web tickets and cable subscriptions don’t Volt Information Sciences Inc. (No. 106) fans,sponsors and media outlets,ac- make them the most sympathetic of -15.2% cording to a report by Pricewater- sports pirates defendants. houseCoopers. The broadcasting “These probably aren’t the great- rights fees paid by giant publicly are now busy est cases to put in front of a jury,”Mr. GROWTH STORIES traded companies in New York,such Berglas said. Companies with the largest three-year net income growth rates as CBS, Fox, Time Warner Cable making a Paid in Bitcoin and Verizon Communications, KKR & Co. (No. 48) +528.8% jumped by more than 25% between business of Fears of being prosecuted are so +236.5% 2012 and 2014, PwC reported. For low that some pirates are busy mak- Macquarie Infrastructure Co. (No. 117) those scoring at home, that’s faster their thievery ing a business of their thievery. Evercore Partners Inc. (No. 138) +132.1% than Apple’s 17% revenue growth Some charge for subscriptions to il- AOL Inc. (No. 84) +112.4% during the same period. legal feeds and get paid in Bitcoin, a Take-Two Interactive Software Inc. (No. 86) +95.4% Yet exactly how much money is risky proposition because of the dig- leaking out via lost advertising, ital trail left behind. Most seem to sponsorships and subscriptions is carriers fighting to keep customers prefer to swipe a page from the es- WORST. YEAR. EVER? something that no one will own up from defecting to Netflix and other tablished broadcasters and stream to. Unlike the music and movie in- less expensive, legal sources of pro- enough soccer, hockey and other Largest % declines in net income last year dustries, the sports world has re- gramming. These providers are in games so they build audiences large fused to publicly quantify its piracy trouble if they lose control of their enough to attract advertisers. RCS Capital Corp. (No. 90) -5,773.7% problem. position as the only game in town for That appears to be the approach Take-Two Interactive Software Inc. (No. 86) -1,326.2% those who need to watch their fa- taken by LiveTV.sx. The site, ad- New York & Company Inc. (No. 139) -805.3% Stealing broadcasts vorite teams regularly. ministered in Panama with a do- Revlon Inc. (No. 94) -805.2% Bob Bowman, chief executive of “Sports are one of the few reasons main registered in the Caribbean by Major League Baseball Advanced why consumers are still paying for someone who evidently lives in Dealertrack Holdings Inc. (No. 142) -393.0% Media,said that while he doesn’t be- the cable or pay-TV bundle,” said Kazakhstan, attracts 165,000 lieve stolen broadcasts are costing Amy Yong, an analyst at Macquarie monthly visitors in the U.S.,accord- his sport significant sums, baseball Securities. A spokeswoman said ing to comScore, and many more in JOBS, JOBS, JOBS employs a crew of six to stop the Time Warner Cable “would agree” Europe. It is the 1,750th-most- These 10 together employ about 40% of the top public companies’ folks who steal its programming. with Ms. Yong’s observation. popular website in the world and is 9.7 million total workers worldwide “We go after copyright violators Broadcasters and sports leagues especially big in Russia,according to vigorously,” Mr. Bowman said. “At for the most part don’t wish to pub- Alexa.com, a Web analytics compa- International Business Machines Corp. the same time, we know technologi- licly discuss the issue. ny owned by Amazon. 379,592 cal advances have made piracy easier An NBC Sports spokesman LiveTV.sx streams dozens of pi- PepsiCo Inc. 271,000 to do and we’ll never catch everyone. would say only, “We take this issue rated soccer, hockey,basketball and JPMorgan Chase & Co. In the end, we play whack-a-mole.” seriously and continue to be vigilant other broadcasts daily, many of 241,359 A few figures help illustrate the in our efforts to combat piracy.” A which come with banner or pop-up Citigroup Inc. challenge. One of the most popular National Hockey League spokes- ads. Based on the volume of 241,000 pirate sports sites, Stream2watch man said the Manhattan-based streams and ads, Ted Davis, a Cognizant Technology Solutions Corp. .me, attracts 389,000 monthly visi- league “has been working actively for digital-marketing expert at New 211,500 tors in the U.S.,according to online- a number of years in cooperation York University, said the site may Verizon Communications Inc. audience tracker comScore.That’s a with law enforcement, other sports be generating “several million” dol- 177,300 drop in the bucket compared with leagues and related media organiza- lars in net annual profit. One rea- Macy’s Inc. the 100 million cable or satellite TV tions to enforce against the unautho- son: low overhead. 166,900 subscribers. rized live streaming of NHL games.” “It looks like their cost of doing ABM Industries Inc. But the trouble is that dozens, if Behind their wall of silence are business is the subscription to a 118,000 not hundreds, of bootleg sites pop clear signs of growing alarm over satellite network whose feeds they Philip Morris International up all the time. Sometimes, Mr. digital bandits. are streaming,” Mr. Davis said. “Al- 82,500 Last month, days before the big though it’s entirely possible they Pfizer Inc. LISTEN to a discussion at Floyd Mayweather-Manny Pac- paid someone off to give them the 78,300 CrainsNewYork.com/podcasts quiao fight, Time Warner’s HBO master key.” Ⅲ Sources: S&P Capital IQ, World Bank
May 25, 2015 | Crain’s New York Business | 15 P016-P017CL_CN_20150525_b.qxp 5/21/2015 4:15 PM Page 16
TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR EMAIL [email protected] NY AQUARIUM FIRE GUARDS PUBLIC & LEGAL NOTICES
The Wildlife Conservation Society (WCS) is currently soliciting quotations from qualified NOTICE OF FRANCHISE AND CONCESSION Notice of Formation of 249 Church Notice of Qualification of firms on the supply of New York City Certified Fire Guards at the New York Aquarium: REVIEW COMMITTEE PUBLIC HEARING ON Retail Owner LLC, Art. of Org. filed with Northwestern Mutual Investment AGENCY ANNUAL CONCESSION PLANS Sec’y of State (SSNY) on 1/5/15. Office Management Company, LLC. Authority
•As a result of damage from Hurricane Sandy Fire Alarm systems in two New Notice of a Franchise and Concession Review Commit- location: NY County. SSNY designated filed with NY Dept. of State on 4/2/15. York Aquarium Exhibit Buildings, Explore the Shore and Sea Cliffs, are no long tee (FCRC) Public Hearing on Agency Annual Conces- as agent of LLC upon whom process Office location: NY County. Princ. bus. er operable. WCS requires two New York City Certified Fire Guards in each bui sion Plans for Fiscal Year 2016 pursuant to Section 1- against it may be served. SSNY shall mail addr.: 720 E. Wisconsin Ave., Milwaukee, 10 of the Concession Rules of the City of New York copy of process to 150 E. 58th St., 39th Fl., WI 53202. LLC formed in DE on 4/25/11. lding on a twenty four hour/seven day a week basis. (Concession Rules), to be held on Monday, June 8, Your quote should be expressed as the hourly rate per individual for providing t 2015, commencing at 2:30PM, and located at 253 NY, NY 10155. Purpose: any lawful NY Sec. of State designated agent of his service. The winning bidder must be prepared to invoice showing the indi- Broadway, 14th Floor Conference Room, Manhattan. activities. LLC upon whom process against it viduals working hours on a daily basis and the building to which they were assigned. At this hearing, the FCRC will further solicit comments may be served and shall mail process about the provisions of the Concession Rules from the Suited, LLC. Arts. of Org. filed with Secy. to: c/o CT Corporation System, 111 8th vendor community, civic groups and the public at large. To receive consideration for this work your bid, containing all pertinent terms a The FCRC shall consider the issues raised at the Public of State of NY (SSNY) on 01/05/15. Off. Ave., NY, NY 10011, regd. agent upon nd conditions, must be in the Purchasing Department no later than 2:00 PM Tue Hearing in accordance with the procedures set forth in loc.: NY Co. SSNY des. as agent of LLC whom process may be served. DE addr. the Charter under the City Administrative Procedure Act. upon whom process may be served. of LLC: 1209 Orange St., Wilmington, sday, June 9, 2015. It should be returned to: Purchasing Department The following agencies submitted an Annual Conces- SSNY shall mail process to the LLC c/o DE 19801. Cert. of Form. filed with Wildlife Conservation Society sion Plan for Fiscal Year 2016: the Department of Parks Ashley Owens, 35 Claver Pl., Apt. 7, DE Sec. of State, 401 Federal St., Dover, and Recreation; the Department of Citywide Admin- Brooklyn, NY 11238. Purpose: General. DE 19901. Purpose: all lawful purposes. 2300 Southern Boulevard istration Services; the Department of Environmental Bronx, New York 10460 Protection; the Department of Health and Mental Hy- giene; the Department of Homeless Services; the De- RF THOROUGHBREDS LLC. Art. of Org. Notice of Qualification of Direct WCS for its part reserves the right to reject any bid, or any portion contained t partment of Corrections; the Department of Transporta- filed with the SSNY on 04/27/15. Office: Cabinet Sales - US LBM, LLC. Authority herein, to waive any and all irregularities and to contract as to the best inter- tion; the Department of Sanitation; the New York City filed with NY Dept. of State on 4/9/15. Fire Department; the Department of Housing Preserva- New York County. SSNY designated ests of the Society. Furthermore, it is expressly understood that WCS expects tion and Development; the NYC & Company on behalf as agent of the LLC upon whom process Office location: NY County. Princ. bus. to bear no cost associated with the preparation and submittal of your quota- of the Department of Small Business Services; the New against it may be served. SSNY shall addr.: 1990 Larsen Rd., Green Bay, WI, tion. York City Economic Development Corporation on be- mail copy of process to the LLC, 151 54303. LLC formed in DE on 3/2/15. NY half of the Department of Small Business Services; and Sec. of State designated agent of LLC the New York City Police Department. East 58th Street, PH 53E, New York, Requests for site visits or other inquiries should be directed to my attention. I NY 10022. Purpose: Any lawful purpose. upon whom process against it may be can be reached here at the Bronx Zoo by telephone at 718 220 5144, by fax at The portfolio of Agency Annual Concession Plans co- served and shall mail process to: c/o (718) 220 7121; or, via email at [email protected] (preferred). vers significant and non-significant concessions expir- CT Corporation System, 111 8th Ave., ing, continuing and anticipated for solicitation or initia- NOTICE OF FORMATION OF BARRY NY, NY 10011, regd. agent upon whom tion in Fiscal Year 2016. Furthermore, the portfolio co- MARSHALL, LLC. Articles of Sincerely, vers, inter alia: process may be served. DE addr. of Organization filed with the Secretary LLC: 1209 Orange St., Wilmington, DE xDepartment of Parks and Recreation: mobile food of State of NY (SSNY) on 3/30/2015. James Morley units, food service facilities, golf courses, driving 19801. Cert. of Form. filed with DE Sec. Office location: NEW YORK County. Purchasing Director ranges, marinas, tennis professionals, athletic facili- of State, 401 Federal St., Dover, DE SSNY has been designated as agent ties, Christmas trees, parking lots, markets, fairs, 19901. Purpose: all lawful purposes. restaurants, concerts, newsstands, stables, gas sta- upon whom process against it may be tions, amusement venues, ice skating rinks, carou- served. The Post Office address to sels, ferry services, bike rentals, circus, sailboat Notice of formation of Mindful Yoga FINANCIAL rentals, souvenirs and gifts, beach equipment, and which the SSNY shall mail a copy of PUBLIC & event programming. any process against the LLC served Psychotherapy PLLC. Arts of Org filed OPPORTUNITIES IN xDepartment of Citywide Administrative Services: upon him/her is: 7014 13th Avenue, with Secy. of State of NY (SSNY) on MORTGAGE NOTES LEGAL NOTICES maritime/non-maritime occupancy permits, and Suite 202, Brooklyn, NY 11228. The 04/06/2015. Office location: NY County. vending machines. principal business address of the LLC SSNY designated agent upon whom xDepartment of Environmental Protection: gas purifi- process may be served and shall mail • Mortgages For Sale cation. is: 310 East 46th Street, Suite 19V, Amalgamated Life Insurance xDepartment of Health and Mental Hygiene: drug dis- New York, NY 10017. Purpose: any process to: 77 Bleecker St. #1115 New • Ranging from $149K - $800K count card program. lawful act or activity. York, NY 10012. Purpose: any lawful act. Company is committed to xDepartment of Homeless Services: athletic facilities. • Low Loan to Value preventing fraud in regard to the xDepartment of Corrections: food services, mobile food units, vending machines and cell tower. Notice of Formation of Laura CS LLC. VETS PROJECT LLC. Art. of Org. filed • Accruing Default Interest @ 24% insurance coverage it issues. xDepartment of Transportation: vending machines, pe- Arts. of Org. filed with NY Dept. of State with the SSNY on 03/31/15. Office: New Therefore, Amalgamated Life, as destrian plazas, food courts and dispatch booth/pick- on 5/11/15. Office location: NY County. York County. SSNY designated as agent of Call: J. Hughis @ 888-377-3872 up area for car service. required by the New York State Sec. of State designated agent of LLC the LLC upon whom process against it xDepartment of Sanitation: advertising. upon whom process against it may be may be served. SSNY shall mail copy of Department of Financial Services xNew York City Fire Department: fire museum and collections. served and shall mail process to: Laura process to the LLC, c/o Rosalind Lichter, TELECOMMUNICATIONS makes the following statement: xDepartment of Housing Preservation and Develop- Scheu, 519 E. 86th St., Apt. 4F, NY, NY Esq., 375 Greenwich Street, New York, ment: vending machines, and café. 10028, principal business address. NY 10013. Purpose: Any lawful purpose. xNYC & Company on behalf of the Department of Purpose: all lawful purposes. NYC'S MOTOROLA Any person who knowingly and Small Business Services: marketing, advertising, in- with intent to defraud any tellectual property and trademark merchandising. Notice of Formation of JK21PHA LLC MOTOTRBO SPECIALISTS xNew York City Economic Development Corporation Notice of Formation of GATES MANOR Arts. of Org. filed with Secy. of State MOTOTRBOTM insurance company or other on behalf of the Department of Small Business Ser- PRESERVATION, L.P. Cert. of LP filed of NY (SSNY) on 05/11/15. Office Professional Digital Two-way Radio person, files an application for vice: parking lots, maritime and non-maritime occu- location: NY County. SSNY designated System provides significant productivity pancy permits. with Secy. of State of NY (SSNY) on gains - reliably and affordably. insurance or statement of claim xNew York City Police Department: vending ma- 04/09/15. Office location: NY County. as agent of LLC upon whom process • Clearer voice capability and enhanced chines and cafeteria. Princ. office of LP: 60 Columbus Circle, against it may be served. SSNY shall battery life containing any materially false Interested parties may obtain a copy of the Agency An- NY, NY 10023. Latest date on which mail process to Corporation Service • Integrated voice and data for better information, or conceals for the productivity and privacy nual Concession Plans by contacting Stephanie Ruiz the LP may dissolve is 12/31/2114. SSNY Co., 80 State St., Albany, NY 12207- • Text messaging purpose of misleading, by phone at 212-676-3069. Hard copies will be provided designated as agent of LP upon whom 2543. Purpose: Any lawful activity. at a cost of $.25 per page by check or money order • Doubles channel call capacity for process against it may be served. SSNY the price of one license information concerning any fact made payable to the New York City Department of Fi- material there-to, commits a nance. Upon request, a PDF version of the Agency An- shall mail process to Corporation Notice of Qual. of 520 West 41 Funding *$100 TRADE-IN PER RADIO nual Concession Plans is available free of cost. Service Co., 80 State St., Albany, NY LLC, Auth. filed Sec’y of State (SSNY) Call to learn more or to fraudulent insurance act, which 12207-2543. Name and addr. of each 1/9/15. Office loc: NY County. LLC org. schedule a professional, no-obligation survey or is a crime and shall also be general partner are available from SSNY. in DE 12/29/14. SSNY desig. as agent on-site demo. subject to a civil penalty not to Notice of Qualification of KEC Management Purpose: Any lawful activity. of LLC upon whom proc. against it may exceed five thousand dollars and L.P. Authority filed with NY Dept. of State be served. SSNY shall mail copy of on 4/17/15. Office location: NY County. LP Notice of Qualification of ARES proc. to NRAI, 111 Eighth Ave., NY, NY the stated value of the claim for formed in DE on 6/23/14. NY Sec. of State COMMERCIAL REAL ESTATE SERVICER 10011, the Reg. Agt. upon whom proc. each such violation. designated agent of LP upon whom process LLC Appl. for Auth. filed with Secy. of may be served. DE office addr.: 160 against it may be served and shall mail State of NY (SSNY) on 05/08/15. Office Greentree Dr., Ste. 101, Dover, DE location: NY County. LLC formed in 33 East 33rd Street Anyone knowing of a fraudulent process to the principal business addr.: 19904. Cert. of Form. on file: SSDE, New York, NY 10016 c/o KEC Management Holdings LLC, Delaware (DE) on 07/01/11. SSNY Townsend Bldg., Dover, DE 19901. 212-532-7400 act should call Ellen Dunkin at: 2317 Highway 34, Manasquan, NJ 08736. designated as agent of LLC upon whom Purp: any lawful activities. www.metrocomradio.com Amalgamated Life DE addr. of LP: c/o The Corporation Trust process against it may be served. SSNY Insurance Company Co., 1209 Orange St., Wilmington, DE shall mail process to c/o Corporation EAST 84TH STREET ANALYTIC$ LLC, 333 Westchester Avenue 19801. Name/addr. of genl. ptr. available Service Co., 80 State St., Albany, NY a domestic LLC, filed with the SSNY PUBLIC & LEGAL NOTICES 12207-2543. DE addr. of LLC: 2711 White Plains, NY 10604 from NY Sec. of State. Cert. of LP filed with on 4/13/15. Office location: New York DE Sec. of State, 401 Federal St., Dover, Centerville Rd., Ste. 400, Wilmington, DE County. SSNY is designated as agent 800-624-5844 19808. Cert. of Form. filed with DE Secy. Notice of Qualification of Mountainview DE 19901. Purpose: all lawful purposes. upon whom process against the LLC of State, 401 Federal St., #3, Dover, may be served. SSNY shall mail pro- Property Holdings, LLC. Authority filed DE 19901. Purpose: Any lawful activity. with NY Dept. of State on 4/23/15. NYS Notice of Qualification of NOVALTA GP, cess to The LLC, 119 E. 84th St., Apt. fict. name: Mountainview Property Notice of Qualification of Bristol LLC Appl. for Auth. filed with Secy. of 8D, NY, NY 10028. General purpose Holdings of Delaware, LLC. Office Industries, LLC. Authority filed with NY State of NY (SSNY) on 04/20/15. Office Notice of Qualification of J2 COM- location: NY County. LLC formed in DE Dept. of State on 4/8/15. Office location: location: NY County. LLC formed in MERCIAL SERVICES, LLC Appl. for Auth. NOTICE OF QUALIFICATION OF FRM on 4/15/15. NY Sec. of State designated NY County. LLC formed in AK on Delaware (DE) on 04/16/15. Princ. office filed with Secy. of State of NY (SSNY) Investment Management GP (USA) LLC. agent of LLC upon whom process 5/11/05. NY Sec. of State designated of LLC: 196 E. 75th St., Apt. 3H, NY, NY on 05/08/15. Office location: NY County. Authority filed with the Sect of State of against it may be served and shall mail agent of LLC upon whom process 10021. SSNY designated as agent of LLC formed in New Jersey (NJ) on NY (SSNY) on 3/24/2015. N.Y. Office process to the principal business addr.: against it may be served and shall mail LLC upon whom process against it may 04/24/15. Princ. office of LLC: 45 W. 45th Loc: NY County. LLC formed in DE on The Law Office of Mark R. Kook, 270 process to: c/o CT Corporation System, be served. SSNY shall mail process to the St., 17th Fl., NY, NY 10036. SSNY des- 3/24/15. SSNY has been designated Madison Ave., Ste. 1203, NY, NY 10016, 111 8th Ave., NY, NY 10011, regd. LLC at the princ. office of the LLC. DE ignated as agent of LLC upon whom process as agent of LLC upon whom process Attn: Mark R. Kook, Esq., regd. agent agent upon whom process may be addr. of LLC: c/o PHS Corporate Services, against it may be served. SSNY shall mail against it may be served and shall mail upon whom process may be served. served. AK and principal business 1313 N. Market St., Ste. 5100, Wilmington, process to c/o Jeff Jagid at the princ. office process to: 200 Bellevue Pkwy, Ste 210, DE addr. of LLC: 1209 Orange St., address: 111 W. 16th Ave., Ste. 400, DE 19801. Cert. of Form. filed with of the LLC. NJ addr. of LLC: 720 E. Wilmington, 19809. DE addr. of LLC: Wilmington, DE 19801. Cert. of Form. Anchorage, AK 99501. Cert. of Org. Jeffrey W. Bullock, Secy. of State, State Palisade Ave., Ste. 107, Englewood, 200 Bellevue Pkwy, Ste 210, Wilmington, filed with DE Sec. of State, 401 Federal filed with Commissioner, 333 of DE, Div. of Corps., John G. Townsend NJ 07632. Cert. of Form. filed with NJ 19809. Cert of Form filed with DE Sect St., Dover, DE 19901. Purpose: all Willoughby Ave., 9th Fl., Juneau, AK Bldg., 401 Federal St., Ste. 4, Dover, Secy. of State, 50 Barrack St., Trenton, of State, 401 Federal St, Ste 4, Dover, lawful purposes. 99801. Purpose: all lawful purposes. DE 19901. Purpose: Any lawful activity. NJ 08608.Purpose: Any lawful activity. DE 19901. Purpose: any lawful activity.
16 | Crain’s New York Business | May 25, 2015 P016-P017CL_CN_20150525_b.qxp 5/21/2015 4:16 PM Page 17
TO PLACE A CLASSIFIED AD, CALL 1-800-444-6007 OR EMAIL [email protected] PUBLIC & LEGAL NOTICES
Notice of Qual. of 257 Park Avenue Notice of Qualification of DreamWorks NOTICE OF FORMATION OF My Notice of Formation of trampoLEAN NOMAD 28TH STREET LLC, Arts. of South Fee Owner, LLC, Auth. filed Sec’y Animation L.L.C. Authority filed with NY Italian Destination, LLC. Art. of Org. LLC. Arts. of Org. filed with NY Dept. of Org. filed with the SSNY on 05/30/2014. of State (SSNY) 12/11/14. Office loc: Dept. of State on 3/18/2015. Office filed with the Secy of State of NY (SSNY) State on 3/30/15. Office location: NY Office loc: NY County. SSNY has been NY County. LLC org. in DE 12/10/14. location: NY County. Princ. bus. addr.: on 04/17/15. Office location: NY County. Sec. of State designated agent designated as agent upon whom SSNY desig. as agent of LLC upon 1000 Flower St., Glendale, CA 91201. County. SSNY designated as agent of LLC upon whom process against it process against the LLC may be served. whom proc. against it may be served. LLC formed in DE on 3/6/1995. NY Sec. upon whom process against it may be may be served and shall mail process SSNY shall mail process to: Morris Terzi, SSNY shall mail copy of proc. to Feil of State designated agent of LLC upon served. SSNY shall mail process to: 550 W. 45th St., Apt. 346, NY, NY 385 Fifth Ave., Ste. 1010, NY, NY Org., 7 Penn Plaza, NY, NY 10001. DE whom process against it may be served against the LLC to 7014 13th Avenue 10036, principal business address. 10016. Purpose: Any Lawful Purpose. office addr.: CSC, 2711 Centerville Rd., and shall mail process to: CT Corporation Brooklyn, NY 11228 The principal Purpose: all lawful purposes. Wilmington, DE 19808. Cert. of Form. System, 111 8th Ave., NY, NY 10011. business address of the LLC is: 2 Tudor Notice of Qualification of Chori Perros on file: SSDE, Townsend Bldg., Dover, DE addr. of LLC: RL&F Service Corp., City Place Apt GHS New York, NY MASS INCARCERATION PROJECT DE 19901. Purp: any lawful activities. 920 N. King St., 2nd Fl., Wilmington, DE 10017 Purpose: any lawful act or activity. Productions, LLC. Authority filed with NY LLC. Art. of Org. filed with the SSNY on Dept. of State on 4/28/15. Office location: 19801. Cert. of Form. filed with DE Sec. 03/31/15. Office: New York County. of State, 401 Federal St., Dover, DE NY County. LLC formed in DE on 3/24/10. NOTICE OF FORMATION of VICOPA Notice of Formation of WOODLAND SSNY designated as agent of the LLC 19901. Purpose: all lawful purposes. NY Sec. of State designated agent of LLC. Arts of Org filed with Secy. of TOWERS DEVELOPER, LLC Arts. of upon whom process against it may be LLC upon whom process against it may Stare of NY (SSNY) on 03/11/2015. Org. filed with Secy. of State of NY served. SSNY shall mail copy of process be served and shall mail process to Office location: NY County. SSNY NOTICE OF FORMATION OF Columbia (SSNY) on 04/20/15. Office location: NY to the LLC, c/o The Law Firm of Rosalind the principal business addr.: c/o Home designated agent upon whom process Care NY LLC. Articles of Organization County. Princ. office of LLC: 60 Lichter, 375 Greenwich Street, New York, Box Office, Inc., 1100 Ave. of the Americas, may be served and shall mail copy of filed with the Secretary of State of NY Columbus Circle, NY, NY 10023. SSNY NY 10013. Purpose: Any lawful purpose. NY, NY 10036, regd. agent upon whom process against LLC to principal business (SSNY) on 04/03/2015. Office location: designated as agent of LLC upon whom process may be served. DE addr. of address: 244 Fifth Avenue, Suite # B292, NEW YORK County. SSNY has been process against it may be served. SSNY NOTICE OF FORMATION OF 45 LLC: 1209 Orange St., Wilmington, DE NY NY 10001. Purpose: any lawful act. designated as agent upon whom shall mail process to Corporation BEEKMAN HOLDING LLC. Arts of Org 19801. Cert. of Form. filed with DE Sec. process against it may be served. The Service Co., 80 State St., Albany, NY filed with Secy of State of NY (SSNY) of State, 401 Federal St., Dover, DE Post Office address to which the SSNY 12207-2543. Purpose: Any lawful activity. on 422/15. Office location: NY County. 19901. Purpose: all lawful purposes. NOTICE OF FORMATION OF 2279 3RD shall mail a copy of any process SSNY designated agent upon whom AVE RETAIL LLC. Arts of Org filed with against the LLC served upon him/her Notice of Qualification of NOVALTA process may be served and shall mail Secy of State of NY (SSNY) on 5/8/15. is: 10 Bank Street, Suite 560 White PARTNERS I, LP Appl. for Auth. filed copy of process against LLC to principal Notice of formation of Bakehouse of Office location: NY County. SSNY Plains, NY 10606. The principal business with Secy. of State of NY (SSNY) on business address: 66 Pearl St. Ste 405, Rolls LLC. Arts of Org filed with Secy. designated agent upon whom process address of the LLC is: 24 West 25th 04/20/15. Office location: NY County. NY NY 10004. Purpose: any lawful act. of state of NY(SSNY) on 3.25.2015. may be served and shall mail copy of Street 6th Floor, New York, NY 10010 LP formed in Delaware (DE) on 04/16/15. Office location: NY County. SSNY process against LLC to principal Purpose: any lawful act or activity. Princ. office of LP: 196 E. 75th St., Apt. Notice of Formation of WOODLAND designated agent upon whom process business address: 66 Pearl St. Ste 405, 3H, NY, NY 10021. SSNY designated as may be served and shall mail copy of NY NY 10004. Purpose: any lawful act. TOWERS PRESERVATION GP, LLC Arts. agent of LP upon whom process of Org. filed with Secy. of State of NY process against LLC to principal Notice of Formation of Warren Street business address: 23 W 90 St #5A NY, AARE Sub, LLC. Arts. of Org. filed with against it may be served. SSNY shall (SSNY) on 04/20/15. Office location: Notice of Formation of NEW FORK CITY NY 10024. Purpose : for any lawful act. Secy. of State of NY (SSNY) on mail process to the Partnership at the NY County. Princ. office of LLC: 60 212 LLC Arts. of Org. filed with Secy. 04/16/15. Office location: NY County. princ. office of the LP. Name and addr. of Columbus Circle, NY, NY 10023. SSNY of State of NY (SSNY) on 03/13/15. SSNY designated as agent of LLC upon each general partner are available from designated as agent of LLC upon whom Name of LLC: No Place Like Films, LLC. Office location: NY County. SSNY whom process against it may be served. SSNY. DE addr. of LP: c/o PHS process against it may be served. SSNY Arts. of Org. filed with NY Dept. of designated as agent of LLC upon whom SSNY shall mail process to: The Corporate Services, 1313 N. Market shall mail process to Corporation State: 12/12/14. Office loc.: NY Co. Sec. process against it may be served. SSNY Company, c/o Adam America Real St., Ste. 5100, Wilmington, DE 19801. Service Co., 80 State St., Albany, NY of State designated agent of LLC upon shall mail process to the LLC, c/o, Estate, 850 Third Ave., Ste. 13D, NY, Cert. of LP filed with Jeffrey W. Bullock, 12207-2543. Purpose: Any lawful activity. whom process against it may be served 30-10 Review Ave., Long Island City, NY 10022, Attn: Omri Sachs. Purpose: Secy. of State, State of DE, Div. of Corps., and shall mail process to: c/o Kate M. NY 11101. Purpose: Any lawful activity. any lawful activities. John G. Townsend Bldg., 401 Federal Notice of Qualification of Waterside Ballen, 1148 5th Ave., NY, NY 10128, St., Ste. 4, Dover, DE 19901. Purpose: Drive Investments, LLC. Authority filed regd. agent upon whom process may Any lawful activity. 36 EAST 64TH STREET LLC. Art. of Org. Notice of Formation of MM WELLNESS with NY Dept. of State on 4/15/15. be served. Purpose: any lawful act. filed with the SSNY on 03/10/15. Office: LLC Arts. of Org. filed with Secy. of Office location: NY County. Princ. bus. SHAHISTA LALANI LLC, Arts. of Org. addr.: 60 E. 56th St., 9th Fl., NY, NY New York County. SSNY designated as State of NY (SSNY) on 04/10/15. Office NOTICE OF FORMATION of KISSINGWELL agent of the LLC upon whom process location: NY County. Princ. office of filed with the SSNY on 03/12/2015. 10022. LLC formed in DE on 3/30/15. Office loc: NY County. SSNY has been NY Sec. of State designated agent of DIGITAL LLC. Arts. of Org. filed with against it may be served. SSNY shall mail LLC: Mark Meiners, 250 E. Houston St., Secy of State of NY (SSNY) on copy of process to the LLC, c/o Gunter Apt. 10D, NY, NY 10002. SSNY designated designated as agent upon whom process LLC upon whom process against it may against the LLC may be served. SSNY be served and shall mail process to: 04/21/15. Office location: NY County. Frangenberg, 141 East 56th Street, #9H, as agent of LLC upon whom process SSNY designated as agent of LLC upon New York, NY 10022. Purpose: Any against it may be served. SSNY shall mail shall mail process to: Shahista Altaz c/o CT Corporation System, 111 8th Lalani, 330 E 39th St., Apt 17E, NY, Ave., NY, NY 10011, regd. agent upon whom process against it may be served. lawful purpose. process to the LLC at the addr. of its SSNY shall mail process to the LLC, princ. office. Purpose: Any lawful activity. NY 10016. Purpose: Any Lawful Purpose. whom process may be served. DE addr. of LLC: 1209 Orange St., Wilmington, 205 W. 54th St., Ste. 6G, NY, NY 10019. Notice of Formation of Brannon Realty Purpose: Any lawful activity. Notice of Formation of Denise Bethel DE 19801. Cert. of Form. filed with DE LLC. Arts. of Org. filed with NY Dept. of Notice of Qualification of Century LLC. Arts. of Org. filed with Secy. of Sec. of State, 401 Federal St., Dover, State on 5/5/15. Office location: NY Support Services, LLC. Authority filed State of NY (SSNY) on 2/24/15. Office DE 19901. Purpose: all lawful purposes. THE WILSON HALL GROUP, LLC, Arts. County. Sec. of State designated agent with NY Dept. of State on 4/8/15. Office location: NY County. SSNY designated of Org. filed with the SSNY on of LLC upon whom process against it location: NY County. Princ. bus. addr.: as agent of LLC upon whom process Notice of Qual. of 285 W12th Investors 03/31/2015. Office loc: NY County. SSNY may be served and shall mail process 1061 Main St., Banco Business Park, against it may be served. SSNY shall LLC, Auth. filed Sec’y of State (SSNY) has been designated as agent upon to the principal business address: c/o #26, North Huntingdon, PA 15642. LLC mail process to: c/o Cahill Partners LLP, 2/23/15. Office loc: NY County. LLC whom process against the LLC may KLM Equities Inc., 155 E. 56th St., 6th formed in DE on 11/15/12. NY Sec. of 70 W. 40th St., NY, NY 10018, Attn: Denise org. in DE 2/11/15. SSNY desig. as be served. SSNY shall mail process to: Fl., NY, NY 10022, regd. agent upon State designated agent of LLC upon agent of LLC upon whom proc. against whom process may be served. Bethel. Purpose: any lawful activity. 171 W. 79th St., Ste 112, NY, NY 10024. whom process against it may be served it may be served. SSNY shall mail copy Reg Agent: Michael J. Wilson CEM Purpose: all lawful purposes. and shall mail process to: c/o CT of proc. to NRAI, 111 Eighth Ave., NY, Notice of formation of Siminou Consulting CLEP, 171 W. 79th St., Ste 112, NY, Corporation System, 111 8th Ave., NY, NY 10011, the Reg. Agt. upon whom NY 10024. Purpose: Any Lawful Purpose. NY 10011, regd. agent upon whom LLC. Arts of Org filed with SSNY on proc. may be served. DE office addr.: Notice of Qualification of LSREF4 3/5/15. Office location NY County. SSNY Rebound, LLC. Authority filed with NY process may be served. DE addr. of LLC: 160 Greentree Dr., Ste. 101, Dover, DE 160 Greentree Dr., Ste. 101, Dover, DE designated agent upon whom process 19904. Cert. of Form. on file: SSDE, Notice of Qualification of TRNS LLC. Dept. of State on 5/8/15. Office location: may be served and mailed to principal NY County. Princ. bus. addr.: 2711 N. 19904. Cert. of Form. filed with DE Sec. Townsend Bldg., Dover, DE 19901. Authority filed with Secy. of State of NY of State, 401 Federal St., Dover, DE business address: 501 E 79 St Apt 14A Purp: any lawful activities. (SSNY) on 04/16/15. Office location: NY Haskell Ave., Ste. 1800, Dallas, TX NY NY 10075. Purpose: any lawful act. 75204. LLC formed in DE on 5/5/15. NY 19901. Purpose: all lawful purposes. County. LLC formed in Connecticut (CT) Sec. of State designated agent of LLC Notice of Formation of FRESH SPACE on 01/20/15. SSNY designated as agent upon whom process against it may be Notice of Formation of GLUCK+ Keith P. Johnson, M.D., PLLC. Articles OF NOMAD NORTH LLC Arts. of Org. of LLC upon whom process against it served and shall mail process to: c/o Rivington LLC. Arts. of Org. filed with of Org. filed Sec. of State (SSNY) on filed with Secy. of State of NY (SSNY) may be served. SSNY shall mail process CT Corporation System, 111 8th Ave., NY Dept. of State on 4/27/15. Office 4/3/15. Office: 314 W. 14th St., 6th Fl., on 05/06/15. Office location: NY County. to: TRNS LLC, 236 Mass Ave., NE, Ste. NY, NY 10011, regd. agent upon whom location: NY County. Sec. of State New York, NY, 10014, NY County. SSNY SSNY designated as agent of LLC 605, Washington, DC 20002. Address process may be served. DE addr. of LLC: designated agent of LLC upon whom desig. agent of LLC upon whom process upon whom process against it may be to be maintained in CT: John G. Grott, 1209 Orange St., Wilmington, DE 19801. process against it may be served and may be served. SSNY shall mail copy served. SSNY shall mail process to c/o 219 Haley Ct., Ledyard, CT 06339. Arts Cert. of Form. filed with DE Sec. of shall mail process to: 423 W. 127th St., of process to Nixon Peabody LLP, 677 Corporation Service Co., 80 State St., of Org. filed with the CT Secy. of State, State, 401 Federal St., Dover, DE 6th Fl., NY, NY 10027, principal business Broadway, Albany, NY 12207. Purpose: Albany, NY 12207-2543. Purpose: 30 Trinity St., Hartford, CT 06106. 19901. Purpose: all lawful purposes. address. Purpose: all lawful purposes. Practice of medicine. Any lawful activity. Purpose: any lawful activities.
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May 25, 2015 | Crain’s New York Business | 17 20150525-NEWS--0018-NAT-CCI-CN_-- 5/22/2015 3:05 PM Page 1
IN THE BOROUGHS MANHATTAN A void on Madison Continued from Page 3 across Madison will certainly far on May 1. outdraw its predecessor, the Italian Now a block-long strip in the luxury-goods outlet VBH. heart of Madison Avenue’s shopping Having such renowned anchors THE WHITNEY’S former district stands on the verge of its is increasingly important, many lo- home (left) was an anchor biggest changes in decades, which of the neighborhood. A cal business owners note, as Madi- Met Museum annex will are feeding hopes and fears in the res- son Avenue loses some of its high- move in next year. idential and business communities. end retailing edge in the face of Leading the charge is the Metro- competition from SoHo, the meat- politan Museum of Art, which will packing district and others. JUNE 19 DEADLINE host contempo- “Madison Avenue used to be rary art installa- where people came to shop,but now BEST PLACES $2K+ tions in the they can go anywhere,” said Jason TO WORK RETAIL RENT on Whitney’s for- McGregor, store manager at locally Madison Avenue, mer building be- owned Manrico Cashmere. NOMINATIONS per square foot ginning next The Whitney not only helped ARE OPEN spring, a move make the neighborhood unique, it DOES YOUR COMPANY HAVE WHAT that could more wanted to continue to do so. After anuta joe 6.3M it takes to earn a coveted spot on NUMBER of than make up for the museum moved to the Upper annual visitors lost foot traffic. East Side in 1966,it bought a row of veloper named Daniel Straus,who is wrote in the May 13 missive, which Crain’s New York Business’ 2015 to the Met On top of that,an brownstones next door, where it in the final stages of converting them included responses from Apple not- Best Places to Work list? Apple Store will planned to put up an annex to house into a 10-unit luxury residential con- ing that future releases would be in- It’s time to find out. open across the its ballooning collection. But in dominium with ground-floor retail. frequent and coordinated with po- Registration is now open to 350K nominate companies for NUMBER of avenue, as will a 1981, most of those buildings were “He spent a lot of time and effort lice,and would also take place online. annual visitors new half-block- locked into a newly created neigh- to make sure the retail is really Crain’s eighth annual Best to the Whitney long stretch of borhood historic district. And that great,” said Ariel Schuster of com- ‘Death of a neighborhood’ Places to Work competition. shops to the mu- meant any changes had to pass mercial real estate firm RKF, which But also, the median household Registration closes on Friday, seum’s south in a cluster of revamped muster with the Landmarks Preser- is handling leasing at the space. “It income for the Upper East Side in June 19. residential buildings on the site of the vation Commission, not to mention will make a huge difference for ten- 2013 stood at $105,000. Although Crain’s will announce the Whitney’s aborted expansion. Upper East Side community groups ants on Madison Avenue that are that is roughly double the citywide rankings of the city’s best Known primarily for its private determined to oppose development looking to showcase their brand.” metric, it still may put a pair of $400 employers at a special event on art galleries and antique dealers be- they deemed out of context. Those shops, along with the Ap- sweatpants at Tomas Maier—one Friday, Dec. 4, and the winning ginning in the 1960s, the avenue es- A proposed 1985 building by the ple Store and the Met Breuer, as the block up from the museum—out of firms will be highlighted in a tablished itself as the city’s priciest famed postmodern designer Michael new museum will be called, should reach for many. special feature in our print edition retail strip decades later with a mix Graves was the first plan beaten back. boost many shops’ bottom lines. But “It’s the death of a neighbor- on Monday, Dec. 7, as well as on of mostly small, high-end jewelry In 2001, a plan for a new building by they also have the potential to boost hood,”said Joseph Coplin,one of the our website. and fashion shops. Those stores al- Dutch architect Rem Koolhaas sank rents in an area where landlords al- owners of Antiquarium Fine An- Nominated companies must ways drew heavily from area resi- under concerns over bloated costs. ready charge as much as $2,000 per cient Arts Gallery, which has been be in existence for a minimum of dents, according to Matthew Bauer, Then a third attempt in 2004,one de- square foot for retail space.And many on Madison Avenue since 1979. one year and have a New York City president of the Madison Avenue signed by another starchitect—Italy’s longtime residents and business own- “You’ll see these same stores on New location with at least 25 full- Business Improvement District. Renzo Piano—went nowhere after it ers fear the changes will squeeze out Bond Street in London and Rue de time or part-time employees. But the Whitney played a large role was derided as “an 18-story filing cab- of the neighborhood not just its last Rivoli in Paris.” To find the city’s best by attracting armies of well-heeled inet” by a litigious neighborhood ounce of character, but also places Many of these global brands keep employers, Crain’s is partnering outsiders as well. group. Some, however, blame the where the locals can get what they a presence on the avenue simply for with independent research firm “It definitely brought a lot of foot museum for failing to compromise. need at prices they can afford. cachet, even though they lose money traffic,” said Nick Cuzzo, who For starters, in a letter to Apple, from the high rents, Mr. Coplin ar- Best Companies Group, which will works at Florian Papp Antiques and Big-time rents Community Board 8 outlined ob- gued. It’s a marketing strategy that conduct surveys of participating Art Gallery on Madison Avenue. “I absolutely think that an appro- jections from neighbors who feared few businesses actually owned by companies and their employees. The Met has the potential to re- priate design could have [been the influx of people when the tech New Yorkers would employ. Rankings are based on the place that foot traffic and then found],” said Tara Kelly, executive titan launches a new product. Among them is Florian Papp results of employee some. After all, its home base is the director of the preservation group “These problems would include Antiques, where Mr. Cuzzo was questionnaires, which account city’s biggest museum draw,hosting Friends of the Upper East Side His- noise, garbage and long lines of peo- busy packing up in preparation for for 75% of the final score, and 6.3 million visitors at its sprawling toric Districts. ple gathering in front of the store at the store’s closing after 60 years on employer surveys, which account Fifth Avenue complex annually. In the end, the Whitney sold its early hours or even overnight,” the the avenue. Its next location? for 25%. Meanwhile, the new Apple Store brownstones for $95 million to a de- board’s Public Safety Committee “Online,” he said. Ⅲ
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Notice of Formation of Mitty’s LLC, a West 41 Property LLC. Arts. of Org. filed BIRDBATH GAZETTE, LLC, App., for Notice of Formation of Carnegie Properties Notice of Formation of HASKELL domestic limited liability company. with Secy. of State of NY (SSNY) on Auth., filed with NY Sec. of State (“SSNY”) Holdings, LLC. Arts. of Org. filed with CAPACITY BROKERAGE, LLC Arts. of Articles of Organization were filed with 03/09/15. Off. loc.: NY Co. SSNY des. 02/27/2015. Office in New York County; NY Dept. of State on 4/30/15. Office Org. filed with Secy. of State of NY the Secretary of State of New York as agent of LLC upon whom process LLC Formed in DE on 12/5/2013, SSNY location: NY County. Princ. bus. addr.: (SSNY) on 03/10/15. Office location: NY (SSNY) on 04/07/15. NY Office location: may be served. SSNY shall mail process designated agent for service of process HSBC House, Esplanade, St Helier, Jersey, County. SSNY designated as agent of New York County. SSNY is designated to the LLC, 244 Fifth Ave., Ste. 2234, with copy mailed to Birdbath Gazette, JE1 1GT. Sec. of State designated agent LLC upon whom process against it as agent upon whom process against New York, NY 10001. Purpose: General. LLC, 3 west 18th Street, New York, NY of LLC upon whom process against it may may be served. SSNY shall mail process the LLC may be served. SSNY shall 10011., All lawful business purposes. be served and shall mail process to: c/o to the LLC, 100 William St., Ste. 1850, NY, mail a copy of process to the LLC at Notice of Qual. of 285 W12th Manager CT Corporation System, 111 8th Ave., NY, NY 10038. Purpose: Any lawful activity. 106 Franklin Street, New York, NY LLC, Auth. filed Sec’y of State (SSNY) Notice of Formation of GREEN MOBILE NY 10011. Purpose: all lawful purposes. 10013. Purpose: For any lawful purpose. 2/23/15. Office loc: NY County. LLC RANGE SYSTEMS LLC Arts. of Org. Notice of Formation of EAST RIVER BMB, org. in DE 2/11/15. SSNY desig. as filed with Secy. of State of NY (SSNY) CHADAY, LLC. Art. of Org. filed with LLC Arts. of Org. filed with Secy. of Notice of Formation of IDC Compliance, agent of LLC upon whom proc. against on 05/06/15. Office location: NY the SSNY on 09/27/05. Latest date to State of NY (SSNY) on 05/05/15. Office LLC. Arts. of Org. filed with NY Dept. it may be served. SSNY shall mail copy County. Princ. office of LLC: 14 Horatio dissolve: 09/26/2025. Office: New York location: NY County. Princ. office of of State on 5/1/15. Office location: NY of proc. to NRAI, 111 Eighth Ave., NY, St., Apt. 8C, NY, NY 10014. SSNY County. SSNY designated as agent of LLC: c/o New York City Regional County. Sec. of State designated agent NY 10011, the Reg. Agt. upon whom designated as agent of LLC upon whom the LLC upon whom process against Center, LLC, 99 Hudson St., 15th Fl., NY, of LLC upon whom process against it proc. may be served. DE office addr.: process against it may be served. SSNY it may be served. SSNY shall mail copy NY 10013. SSNY designated as agent may be served and shall mail process to: 160 Greentree Dr., Ste. 101, Dover, DE shall mail process to Thomas G. Alfsen of process to the LLC, c/o Edward B. of LLC upon whom process against it Arthur D. Middlemiss, 405 Lexington Ave., 19904. Cert. of Form. on file: SSDE, at the princ. office of the LLC. Purpose: Safran, Esq., 750 Lexington Avenue, may be served. SSNY shall mail process 62nd Fl., NY, NY 10174, principal business Townsend Bldg., Dover, DE 19901. Mobile security training and general Fourth Floor, New York, NY 10022. to the LLC at the addr. of its princ. address. Purpose: all lawful purposes. Purp: any lawful activities. purpose clause. Purpose: Any lawful purpose. office. Purpose: Any lawful activity.
18 | Crain’s New York Business | May 25, 2015 20150525-NEWS--0019-NAT-CCI-CN_-- 5/22/2015 6:58 PM Page 1
received online pledges totaling Sure We Can is in danger of losing more than $1.2 million. But the or- its lot to the highest bidder when its Real estate co-op moves in ganizers wanted to make sure mem- lease is up in 2018—unless it can bers were first committed to the task come up with the landlord’s $3 mil- Continued from Page 3 ignation in both the real estate mar- tive, and decisions are made by all of incorporating before accepting lion asking price. which helps people turn vacant city ket and the world of worker co-ops. the shareholders. the money. “The landlord wants to keep us lots into community gardens. Alternatively,it could incorporate as “Saving spaces that already ex- here, but only if we can find a way to The two were inspired in part by a cooperative, which is classed as a ist—unfortunately, those are the Brooklyn beneficiary buy the property or find someone the Northeast Investment Cooper- nonprofit in New York. more expensive buildings,” said Ms. After the meeting, nearly every- else to buy it,” said Ana Martinez ative, a group founded by neighbors Similar efforts by community Woolard. one who attended submitted a de Luco, the executive director. in Minneapolis four years ago, groups to band together to own real She believes the co-op will have membership form and $10 to help The budding co-op has a way to which has grown to more than 200 estate have taken decades to bear more luck buying vacant lots. The start the co-op’s collective fund. go before it can make commitments members who have each purchased fruit and have typically grown out of city used to regularly sell vacant land One of the first organizations the to organizations such as Sure We a share in the co-op for $1,000.The only one neighborhood.The Coop- for as little as $1 to developers that group plans to assist is Sure We Can, Can.The initial goal is to “have a list first organization of its kind in the er Square Committee, created in would renovate the property and a nonprofit that operates on a of realistic properties and the mon- United States, that co-op has so far 1959 to survive the wrecking ball of keep some of the apartments afford- 13,000-square-foot lot in Bush- ey to secure at least one of them acquired three abandoned buildings master planner Robert Moses, took able. And although most of the re- wick,a couple of blocks from the in- within two years,” according to an and leased or sold space to a bike decades to achieve its aim. Cooper maining lots the city auctions are creasingly pricey enclave that has email to members. shop, a bakery and a brewery. Square’s Mutual Housing Associa- residential, she hopes that once her sprung up around Roberta’s Pizza. After the church meeting, Ms. tion spent $20 million in the 1990s organization is established she will Sure We Can serves as a deposi- Woolard said she felt “excited and First in New York refurbishing affordable housing in have some power to ask the city to tory for the recyclables collected by overwhelmed and accountable.” If Ms. Woolard and Ms. Segal 22 formerly city-owned buildings. sell lots to co-ops of the kind Ms. people around the city who make Ultimately, though, the success succeed, it would likely be the first “With a limited capacity, cer- Woolard is trying to create. their incomes from the 5 cents they of the co-op will hinge on the com- of its kind in New York City: a real tainly in the initial phase, the ques- To get there, potential members get for returning each item. Beyond mitment of its members. estate co-op that would invest in tion is going to be, which neighbor- gathered late last month at the Mid- sorting cans and bottles and return- “I’m gonna go have a beer after commercial property in order to hoods are going to benefit?” said dle Collegiate Church in the East ing them to distributors, Sure We this because putting this meeting to- preserve space for small businesses, Tom Angotti, director of the Village. Can has created a community space gether has been a lot of work and I’m as well as social-service and arts or- Hunter College Center for Com- “We need affordable business for canners, most of whom are feeling a little bit done,” Ms. Segal ganizations. But succeeding won’t munity Planning and Develop- space so we don’t get overrun with homeless. told the audience after last month’s be easy. Land is expensive and ment. chains and bars,” said Renée The largely self-sufficient non- meeting. “But I’m really glad that scarce, while incorporating is tricky If it were entirely up to Ms. Holnes, a middle-school teacher profit has been paying its rent of there are all these new members who business. Woolard and Ms. Segal, the co-op’s from Bedford-Stuyvesant, who $4,243 per month with little more are going to step up and do the next The co-op has yet to settle on a portfolio would buy city-owned learned about the co-op from 596 than the modest commission it phase of the work.” Ⅲ structure, but it may choose to be- properties in need of renovation and Acres’ website. makes from distributors for acting come a limited-liability corpora- ones that house established com- Before the church opened its as a middleman. Operating on a LISTEN to a discussion at tion, which is a common legal des- munity institutions.But it’s a collec- doors, co-op organizers had already budget of about $300,000 this year, CrainsNewYork.com/podcasts A ride-share that actually shares
Continued from Page 3 or two from their actual destination. less on gas with Via’s shorter trips. The service now runs from 6:30 a.m. Via also has rules for its riders (or “I always dreamed about work- until 9 p.m., but in the coming “members”) to keep the car an island ing for people who care about me, months it will be extended through of calm for as many as five passen- who show me that I’m important to the weekend and possibly until mid- gers at a time. Food and drinks are them,” Mr. Ba added. “That’s what night daily. Via will also expand its forbidden (with the tacit exception I found with Via.” perimeter, which currently goes riv- of coffee in the morning), and there er-to-river in Manhattan between is supposed to be limited talking on Will picky New Yorkers buy in? 110th and 14th streets. Via has al- cellphones. Uber declined to comment, but ready begun picking up riders as far A relaxed driver is part of the cal- an executive pointed to studies the north as 116th Street along Broad- culus, too. Unlike their brethren at company has conducted that show way. other services, Via drivers do not the UberX price cut led to an increase rely on fares, drawing an hourly in the number of rides and ultimate- So you might have to walk a block wage regardless of how many pas- ly put more money in drivers’ pock- Modeled on Israel’s sherut van sengers they pick up.Because routes ets. The executive also noted that service—a low-priced, communal are determined by the company’s al- SUV drivers have the option to take way to get around—Via requires a gorithms, which organize them UberX fares,and said that those who dense population to work. But it is around multiple pickups and desti- did increased their earnings. like nothing else out there, especial- nations, drivers follow a plotted line The question for Via is how long ly not the shared dollar vans that on a tablet. it can stay in business charging $5 a honk and swerve their way along The steady salary and low-stress ride (for those who prepay;for those outer-borough thoroughfares. rides have turned many Via drivers who don’t, the fare is $7) and paying “We exist in this unique but also into evangelists, not least because drivers $30 an hour ($40 during very large space between the bus and they want the company to succeed. rush hour). A further question ALONG FOR THE the subway on one side, and taxis- Via has also become a refuge for un- might be how much it can charge RIDE: Via CEO Uber-Lyft, what have you, on the happy Uber drivers (albeit a small and still attract picky New Yorkers Daniel Ramot says other,” said co-founder and Chief one: Uber has more than 14,000 to a shared service. his company aims Executive Daniel Ramot, 39. A drivers, while Via has north of 500). “Offering a $5 price might work to fill the niche Stanford neuroscience Ph.D.,he has But the biggest factor in joining up, only within a certain range of loca- between mass transit and other spent his career developing “complex according to interviews with about a tions,” said Thilo Koslowski, auto- car services. systems,” including working on ad- dozen Via drivers, was the 25% to motive practice leader at research vanced avionics in the Israeli Air 30% commission that Uber took firm Gartner.He estimates that Via Force. “There’s not really anybody from their pay. Via takes about 7% needs between six and eight rides
else offering a service within that on cars that can carry up to four pas- per hour to turn a profit. “In New buck ennis space,” he added. sengers and about 2% on those that York, where you encounter traffic, In some ways, Via is still in the can hold five. you may not be able to fit that many pricing fluctuations. ogy to bus and shuttle services look- process of testing out theories of hu- Uber’s commission became par- rides into an hour,” he said. “So Mr. Ramot said the current fare ing to set up ride-share systems.Mr. man behavior modeled by its scien- ticularly hard to bear after the com- that’s a big question: Can this “is not just a market-share ploy,”and Ramot is not sure how broadly the tist founders. Once riders set their pany cut fares last year and made scale?” that he is aware of the need to keep service can expand in the city,but he starting and finishing locations on UberX—its lower-priced service, In New York’s intensely compet- it low. He also doesn’t see the com- plans to find out, neighborhood by the Via app, they must accept that which uses ordinary cars—cheaper itive car-service business,Via’s com- pany changing how it pays drivers. neighborhood. they might need to walk a block or than a yellow cab. petitive advantage comes from its “We still need a lot more people “The company is profitable dur- two to a pickup point. They also “It killed the Uber SUV busi- flat-rate ride, which makes for the to use the service before we really ing rush hour,” said Darcy Frisch, a might have to change seats as others ness,” said Amadou Ba, who oper- sort of seamless experience cus- know what the price is going to be,” vice president at Hearst Ventures, come on board,and be let off a block ates a Yukon Denali SUV. He esti- tomers prize. Indeed, a common Mr.Ramot said.“I don’t think it’s far which took part in the April fund- mated that he now makes in five theme among Via riders inter- from $5.” ing round.“What they’re focused on LISTEN to a discussion at days with Via what he made in sev- viewed last week was their not want- Via’s investors see a side business now is seeing how far they can go in CrainsNewYork.com/podcasts en with Uber. He is also spending ing to deal with Uber’s surge- in licensing the company’s technol- getting more people to ride.” Ⅲ
May 25, 2015 | Crain’s New York Business | 19 20150525-NEWS--0020,0021-NAT-CCI-CN_-- 5/22/2015 11:40 AM Page 1
BUSINESS 10% Approximate share of people on U.S. waiting lists for organ transplants who are New Yorkers PEOPLE Source: Organ Procurement and Transplant Network
EXECUTIVE MOVES KEEPS HIS COUNSEL: Empire State Surviving a brutal Development: Mehul coup in Liberia as a Patel,38,was 10-year-old helps promoted to chief put Albany’s operating officer at challenges in New York’s chief perspective for economic- Alphonso David, development agency. counsel to Gov. He continues as Andrew Cuomo. chief of staff. 4A’s (American Association of Advertising Agencies): Todd Hittle,43, joined the national trade association representing the advertising-agency business in the U.S. as chief financial officer and chief operating officer. He was previously general manager and chief financial officer at ABM. EVO Real Estate Group: Todd Korren, 49, joined as principal and chief operating officer. He was previously executive managing director at Massey Knakal. Forensiq: Mike Andrews, 45, joined the ad-fraud detection and prevention company as chief scientist. He was previously principal data scientist at Collective. WiredScore: Shannon Shaw, 25, joined the platform for evaluating buildings’ connectivity through the Wired Certification program as account manager. She was previously sales assistant at Halstead Property. AECOM: Christopher O. Ward, 60, joined the global provider of architecture, design, engineering and
buck ennis construction services as senior vice president and chief executive for GOTHAM GIGS metro New York. He was previously executive vice president for major projects at Dragados USA. ING Real Estate Finance (USA): Craig Bender, 39, rejoined the financial- services company as managing director. He was previously senior vice The power of staying power president and market manager at BBVA Compass. Essential New York Real Estate: Merav Alphonso David’s life journey from coup to Cuomo Shalhon, 43, joined as director. She was Thirty-five years later, Alphonso David still start his own anti-addiction company in previously leasing As guv’s manager at Herald remembers the sound of gunfire. ¶ Sitting in his California. Fifteen years ago, he went to work for Towers. counsel, midtown Manhattan office, a few doors down Mr. Cuomo, eventually rising to the rank of Index Exchange: James Prudhomme, from his boss, Gov. Andrew Cuomo, Mr. David’s counsel to the governor—essentially the third- 44, joined the supply-side platform he is the thoughts go back to 1980, when his wealthy most-powerful person in the administration. He and premium media exchange as managing director. He was previously third-most- Liberian family was forced to flee their home was promoted to the job earlier this year from chief executive at Datacratic. during the country’s violent military coup. In a deputy secretary for civil rights, after having led Siebert Brandford Shank & Co.: Patricia powerful calm voice, he sets the scene: soldiers at the door; the successful campaign to legalize same-sex Koetzner, 44, joined the municipal underwriting and financial advisory person his house in flames; his father, the mayor of marriage in New York. Mr. David, who is openly services firm as managing director and Monrovia, managing to toss him and his month- gay, called that fight “transformative.” ¶ When head of equity sales and trading. She was previously managing director and in the old sister out a bathroom window before getting he’s not helping negotiate the state’s $150 billion head of equity sales and trading at arrested; watching televised executions from a budget, or wrangling with state lawmakers over CastleOak Securities. executive Blue Wolf Capital Partners: Victor C. relative’s house and wondering if his dad would legislative minutiae, he does yoga and rides his Caruso, 47, was promoted to branch be the next victim. ¶ “That was my experience as bike around his Prospect Park neighborhood. managing director at the private- a kid,” said Mr. David, who was 10 at the time. Exuding a Zen-like calm, Mr. David, 44, says his equity firm. He was previously senior adviser, focusing on the aerospace “And then coming to the U.S. and saying, ‘What experiences in Liberia never stray far from his and defense industries. do I want to do with my life?’” ¶ What he did mind. ¶ “We’ve got to look death and life in its East West Bank: Jamie Wing,38, joined as senior vice president and was go to law school, clerk for a federal judge, face,” he said, “and come to terms with it.” relationship manager for commercial serve as a staff attorney at Lambda Legal and —andrew j. hawkins and industrial structured finance. He
20 | Crain’s New York Business | May 25, 2015 20150525-NEWS--0020,0021-NAT-CCI-CN_-- 5/22/2015 11:41 AM Page 2
SOURCE GARY VAYNERCHUK was previously business development MEETING: officer at HVB Capital Credit. Christopher Mortello, 49, joined as vice Interview by Matthew Flamm president and portfolio manager for commercial and industrial structured finance. He was previously managing director of structured finance surveillance at Assured Guaranty Corp. Jibe: Mark Bissell, 46, joined the Digital marketing guru’s social studies recruitment technology company as senior vice president of customer success. He was previously vice How busy are you? I’ve been trying to president of customer success at orn in Belarus and lion in revenue within 36 to 48 inite vanity aspects of it,but it’s also schedule this interview for weeks. WeSpire. raised in New Jersey, months. This is real business exposure. And the press and the Alexander Marketing Gary Vaynerchuk is growth,and that’s not done because I’m basically scheduled from 6 content have led to a lot of amazing Corp.: Vita Chase,32, digital marketing’s I curse onstage or have charisma. a.m. till midnight every single opportunities, whether it’s new joined the public- most prominent immi- It’s done because I’m an operator. weekday. I work out from 6 to 7. I clients for VaynerMedia or my relations firm as grant success story. He was a pio- spend a little time in the morning [Web 2.0 Expo NY] keynote manager of social B neer in wine e-commerce as well as But when you talk to clients like Pepsi with my two kids. Then I’m in a speech in 2008 leading to a 10- media. She was video marketing, launching and General Electric, what are you meeting or a breakfast at 8. I’m a book deal with HarperCollins. previously social- WineLibrary.com in 1996 for his telling them about marketing that they CEO of a 500-person social- media coordinator at don’t already know? How does your recently launched Balancing Elephant. family’s New Jersey wine shop, and digital agency. I’m giving strategic Rodale Inc.: Courtney Murphy,47, the WineLibrary TV YouTube I’m not sure it’s so much what I tell advice to the family wine business. investment fund, Vayner/RSE, fit in joined the health and wellness lifestyle channel in 2006. them. It’s our execution that really I have speaking engagements. I’m with your other businesses? publishing company as creative director Since 2009,he has been building separates us. We’re not here to win putting out content—you might Early on, the first investments I at Prevention. She was previously the VaynerMedia social-marketing awards or live out our fantasies of have noticed my new AskGaryVee made were in Twitter and Tumblr, creative director at Hearst’s Good agency into what is now a $50 making movies.We’re executing on show, which is my way back into so I did very, very well, and my an- Housekeeping. million-a-year juggernaut. He also the proper creative with the proper video blogging. I’m doing that gel career led to this amazing op- FADEL: David Wharton, 37, joined the keeps busy with his venture-capital copy,with the understanding of the daily. I’m busy. portunity to do a fund. It’s very im- global provider of enterprise-class intellectual-property rights and royalty fund, Vayner/RSE—and with proper data: when to post, how to portant. From all the IP I’m Why do the speaking engagements and management software as director of tracking the NFL draft for the day post, how many characters, which learning about in the fund, I can support. He was previously director of when he finally buys the New York platforms are working, which ones AskGaryVee? give interesting ideas to our clients business development and operations at Jets. are merging. We’re very practical I like being out there. I around the world.That Silicon Val- nTangle.tv. about our business objectives. We like the showman- ley sensibility along with Madi- BankUnited: Paula Park, 48, joined as How did you get such an early start in really think about how to sell soap ship part of my son Avenue is kind of the con- vice president and senior relationship digital media? or bottled water or dog food. life.There’s def- coction I’m trying to create. Ⅲ manager. She was previously senior vice I think of myself as a businessman president at Wells Fargo. How do you feel about being called UHY: and a salesman who really thinks Laurie Shen, 45, joined the “overexposed”? licensed independent CPA firm as about the psychology of the user.In principal. She was previously managing the same way I used to think about I’m super-flattered if somebody be- director, business advisory services at selling baseball cards and wine, I lieves that I’m overexposed. It’s so Grant Thornton. [thought about] websites and hard to be overexposed in this frag- Simmons Hanly Conroy: Laurence YouTube and Twitter early on.And mented media world. When Missy Nassif, 42, joined the mass tort law firm as they started going the way I Elliott shows up at the Super Bowl, as shareholder. He was previously thought they would go, it gave me half of Twitter is like, “Who’s Mis- partner at Seeger Weiss. Schiff Hardin: confidence that my intuition was sy Elliott?” Everything is niche of Christine McGuinness, right. niche of niche. There are so many 52, was promoted to real estate group leader at the law firm. She continues as microcelebrities on YouTube, a real estate group partner. On WineLibrary TV, you never make Snapchat, Vine and Twitter. So I’d William Vale: Sebastien anyone feel bad about what wine they be ridiculously flattered because it Maingourd, 40, joined like. Was that a deliberate strategy? means I’m getting exposure that’s the hotel in That was important. I grew up in extremely difficult to get. Williamsburg, the wine business, from when I was Brooklyn, opening in 14 years old until, by the time I How do you keep up with all those early 2016, as general started WineLibrary TV, I was 30. new platforms? manager. He was previously general This was a world I loved so much, I really think, at the end of the manager at Hotel but the problem was that every- day, the one gift I was giv- Christopher Villas & Spa. body, once they got some knowl- en is I have a lot of E.Q. Fried Frank Harris Shriver & Jacobson: edge, they started looking down on [emotional quotient]. I Julian S.H. Chung, 48, joined the people; there was arrogance in the really understand peo- international law firm as partner. She air that wasn’t good for the wine ple. It’s very comfort- was previously partner at Orrick world.It was very important for me able for me to pretend Herrington & Sutcliff. to bring it to the masses. I’m a 48-year-old mom Boies Schiller & Flexner: Randall W. of three or a 15-year-old Jackson, 36, joined the law firm as a Between YouTube, guest lectures and partner in global investigations and guy in Oklahoma. I white-collar defense. He was previously your tweets, you’re a constant presence launched WineLibrary assistant U.S. attorney for the Southern in the world of social-media marketing. .com in 1996; I didn’t even District of New York. Is that the secret of your success? own a computer, but I under- Kramer Levin Naftalis & Frankel: Andrew I used to say I’m a tortoise in a hare’s stood people were going to buy Charles, 54, joined the law firm as a body: I think my personality dis- wine on the Internet.I see Vine and partner. He was previously a partner at tracts people from what I really am, I say, “Wait a minute. The kids are buck ennis King & Spalding. Douglas Elliman Real Estate: which is a hard-core practitioner. I going to love this.” And I have im- Tom built two businesses, Wine Library migrant hustle. I’m willing to stay Postilio, 45, joined the firm as a licensed associate real estate broker. He was and now VaynerMedia, with basi- up from midnight to 3 in the morn- previously a founding member and cally the same narrative: [taking ing and play with Vine or Snapchat broker at CORE. them] from $3 million to $50 mil- if that’s what I need to do. Mickey Conlon, 38, joined as a licensed associate real estate broker. He was previously a broker at CORE. PLAY/LIST People, places and things that make Gary Vaynerchuk tick —carly apar READING SHORTLIST: LISTENING: IS THAT BECAUSE YOU WANT TO BUY THE play basketball. Business, family and I check [social-news reader] Nuzzel for Dionne Warwick’s Heartbreaker, over NEW YORK JETS? sports are my core pillars. EXECUTIVE PROMOTIONS the latest headlines. The articles that and over. Also a lot of Big Sean, as Yes and no. I love the Jets as a fan. But The fastest way to get an announcement into most interested me recently have been well as old-school Lil Wayne. it can’t hurt long term. FAVORITE NYC PLACE: Crain’s is to submit online. Fill out the form for my college-football research for the The 14th Street Y. At 6 a.m. on select at www.crainsnewyork.com/section/ WATCHING: DOWNTIME: executive_moves. The Executive Moves column NFL draft. Normal day-to-day reading weekdays, I tip off and start the is also available online. is of comments and questions from my I watch sports: NHL, the NFL draft, There is no [downtime]. I’m working or game with some VaynerMedia community. maybe some of the NBA Finals. with my family, but I do work out and employees.
May 25, 2015 | Crain’s New York Business | 21 20150525-NEWS--0022-NAT-CCI-CN_-- 5/22/20153:06PMPage1
22 the michael j. fox foundation/ben asen New York. schoolsin Catholic children attending to tuition assistance which provides Fund, Scholarship Inner-City for the at aMay 12 benefit Group, International American vice presidentofthe DOYLE, executive and honoreeJOHN TIMOTHY DOLAN CARDINAL KATHERINE DOYLE, Honoree anchor ofthe MICHAEL J.FOX and gave 50timesthatamount. organization. Instead,J&J donation tothe33-year-old match her$500,000 challenged thecompanyto Barbara Majeski after philanthropist given outoverfiveyears, made thegift,whichwillbe Johnson &Johnson.J&J from health-caregiant donation ever:$25million received itsbiggest children aroundtheglobe, facial deformitiesfor fixes cleftpalatesandother when thenonprofit,which gala earlierthismonth Operation Smile’s benefit There werebiggrinsat SNAPS Pierre Hotel event, which raised $1.7 Hotelevent,whichraised Pierre million. member ofMr. Fox’sfoundation,atthe Smile; KATHY MAGEE, at the Mayat the 14 event. DR. BILLMAGEESmile, , co-founderandCEOofOperation | Crain’s New York Business ALEX GORSKY, Today co-founder andpresidentofOperation show andaboard WILLIE GEIST, E fJhsn&Jhsn and CEO ofJohnson&Johnson; | 5 2015 May 25, a co- Parkinson Foundation. & Dystonia MichaelJ.FoxFoundationforParkinson’sResearchBachmann-Strauss the and and Ramius ManagingDirectorDAVID GORACY PETERCOHEN with Ramius firm investment-management Managing DirectorMICHAELBOXER, CEOMICHAELSINGER See more of this week’sSnaps See moreofthis at aMay analliance between 13 tobenefit fundraiser online atCrainsNewYork.com/galleries. , chairman and CEO of the CowenGroup, andCEOofthe , chairman and Chairman TOM STRAUSS ofthe TOM STRAUSS
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pmc/photo/sylvain gaboury-patrick mcmullan.com pmc/photo/sylvain gaboury-patrick mcmullan.com dimitrios kambouris for getty images 20150525-NEWS--0023-NAT-CCI-CN_-- 5/22/2015 11:44 AM Page 1
FOR THE RECORD
documents are available between 8 a.m. Makali, was represented by Stephen same day, he sold 92,146 shares at prices and 3 p.m. in the Blueprint Room, Tarter and Catherine O’Toole of ranging from $87.38 to $87.47 per ABOUT THIS SECTION Room 64, Olmsted Center, Flushing Coldwell Banker Commercial Alliance. share, in a transaction worth $8,055,634. FOR THE RECORD is a weekly listing of information from the public record that Meadows Corona Park, Queens, for a Asking rents in the building range from He now directly owns 128,483 shares. can help businesspeople in the New York area find opportunities, potential $25 fee payable by company check or $300 to $400 per square foot. money order to City of New York, Parks ● Celgene Corp. (CELG) new clients and updates on competitors. and Recreation. To make inquiries, Perry Karsen, chief executive of Celgene To ask questions or get more information on this section, contact Crain’s contact Michael Shipman at (718) 760- STOCK TRANSACTIONS Cellular Therapeutics, exercised options research department at [email protected]. 6705 or michael.shipman@ on 30,470 shares of common stock on parks.nyc.gov. Following are recent insider transactions at May 13 at prices ranging from $36.47 to New York’s largest publicly held companies $59.24 per share, in a transaction worth GOODS AND SERVICES filed with the Securities and Exchange $1,491,666. On the same day, he sold NEW IN TOWN protection on May 12. The filing cites ● Fire Department of New York Commission by executives and major 47,173 shares at a price of $115 per estimated assets of $100,001 to Seeks competitive sealed bids by 4 p.m. shareholders. Listings are in order of share, in a transaction worth $5,424,895. Companies that would like to have details $500,000 and estimated liabilities of on June 16 for maintenance, transaction value.The information was He now directly owns 66,459 shares. of openings published should submit $100,001 to $500,000. The creditors configuration, relocation and obtained from Thomson Reuters. descriptions following this format to cnyb- with the largest unsecured claims are modification services for ● ITT Corp. (ITT) [email protected], with “New Anthony J. Centone, owed $25,000; telecommunications equipment at ● CBS Corp. (CBS) Denise Ramos, president and chief in Town” in the subject line. Gerelli Insurance, owed $18,000; and FDNY facilities citywide. A Leslie Moonves, president and chief executive, exercised options on 71,590 Jim Reed’s Truck Sales and Repairs, nonmandatory prebid meeting will be executive, exercised options on 255,000 shares of common stock on May 11 at a ● Bronx Brewery owed $8,000. held May 28 at 10 a.m. at Fire shares of common stock on May 14 at a price of $19.97 per share, in a 856 E. 136th St., Port Morris, Bronx Department headquarters, 9 Metrotech price of $23.19 per share, in a transaction worth $1,429,294. On the The brewery opened a 6,000-square- ● First Wall Street Group Center, first-floor auditorium, Brooklyn. transaction worth $5,913,450. On the same day, she sold 127,346 shares at foot beer garden for the summer 551 Madison Ave. To make inquiries, contact Tetyana same day, he sold 255,000 shares at a prices ranging from $41.05 to $41.21 months. Patrons can enjoy their quaffs at Filed for Chapter 11 bankruptcy Sydoruk at (718) 999-2333 or price of $59.70 per share, in a per share, in a transaction worth wooden picnic tables and barrels. The protection on May 17. The filing cites [email protected]. transaction worth $15,223,628. He now $5,239,147. She now directly owns beer maker is looking into using the estimated assets of $50,001 to $100,000 directly owns 2,039,520 shares. 149,893 shares. space during the winter as well. and estimated liabilities of $50,001 to ● Department of Education $100,000. The creditors with the Requests proposals by 1 p.m. on June 22 ● Automatic Data Processing (ADP) ● Philip Morris International (PM) ● Villa Enrico largest unsecured claims are M2 for professional development for Carlos Rodriguez, president and chief Louis Camilleri, chairman, sold 55,000 11-01 43rd Ave., Long Island City, Lease Funds, owed $55,272; Cogent instructional technology for executive, exercised options on 92,146 shares of common stock on May 13 at a Queens Communications Inc., owed $2,469.71; kindergarten to 12th grade at citywide shares of common stock on May 11 at a price of $84.27 per share, in a The Italian eatery opened at the Z and Office Furniture Service Inc., owed public schools. A preproposal conference price of $52.65 per share, in a transaction worth $4,634,696. He now Hotel. It serves classic fare such as penne $1,700. will be held June 5 from 11 a.m. to noon transaction worth $4,851,119. On the directly owns 912,796 shares. Bolognese and clams oreganata. at St. Francis College, Founders Hall ● Fort George Paradise Inc. d/b/a Sally’s Auditorium, 180 Remsen St., Brooklyn ● Uncle Sam’s Restaurant Heights. To make inquiries, contact the 307 Fifth Ave. 1574 Ralph Ave., Brooklyn Vendor Hotline at (718) 935-2300 or DEALS ROUNDUP The Beijing-based burger joint opened Filed for Chapter 11 bankruptcy [email protected]. its first Manhattan location, in protection on May 12. The filing cites TRANSACTION SIZE midtown. The eatery features Asian- estimated assets of $0 to $50,000 and TARGET/SELLERS (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE inspired burgers such as its signature estimated liabilities of $100,001 to REAL ESTATE DEALS Pall Corp. (Port Washington, L.I.)/ $14,741.8 Danaher Corp. SB M&A creation topped with sautéed $500,000. The creditors with the not disclosed mushrooms, oyster sauce and Swiss largest unsecured claims are New York Companies that would like to have details cheese. State Assessment Receivables, owed of their recent transactions appear in these Williams Partners/ $13,797.8 Williams Cos. Inc. (42.1%) SB M&A Cohen & Steers Capital $175,995.87; Strategic Funding Source, listings should email descriptions following Management Inc. (Manhattan); owed $62,505; and Meat Palace, owed this format to cnyb-research@crainsnew KA Fund Advisors; RR Advisors COMPANY MOVES york.com, with “Real estate transaction” in $25,000. AOL Inc./ $4,759.4 Verizon Communications Inc. SB M&A the subject line, or enter them online at Bessemer Venture Partners; (Manhattan) ● Companies that would like to have details I.T.M. Garden Inc. crainsnewyork.com/submitadeal. Deals are D.E. Shaw Investment Management of recent moves published should submit 10 Little W. 12th St. listed in order of square footage. (Manhattan); Fidelity Management descriptions following this format to Filed for Chapter 11 bankruptcy & Research Co.; Iridian Asset [email protected], protection on May 14. The filing cites COMMERCIAL Management; Kingdom Holdings Co.; with “Company Moves” in the subject line. estimated assets of $0 to $50,000 and ● Investment adviser HS Management Starboard Value (Manhattan) estimated liabilities of $500,001 to Partners signed a 10-year lease for C&W Group Inc. (Manhattan)/ $2,040.0 DTZ Holdings plc SB M&A ● Indikitch $1 million. The creditors with the largest 10,523 square feet at 640 Fifth Ave. The Exor S.p.A. 940 Eighth Ave. unsecured claims are New York State company will occupy the 18th floor of Trade Street Residential, Inc./ $643.3 IRT Limited Partner SB M&A The fast-casual Indian chain debuted its Department of Taxation, owed the 22-story building. Chase Gordon, BHR Capital (Manhattan); EGGE; second city location, in midtown west. A $341,341.55; Internal Revenue Service, Zev Holzman and Paul Revson of Forward Management; Monarch choice of curry is served with dosa, salad owed $278,893.45; and New York State Savills Studley represented the tenant. Alternative Capital (Manhattan); Private Management Group Inc.; or biryani. Department of Labor, Unemployment Jared Solomon of Vornado Realty Trust RAIT Financial Trust; Senator Insurance Unit, owed $76,901.80. represented the landlord in-house. Investment Group (Manhattan); ● Saraghina Bar Asking rents in the building range from Trade Street Capital; Westport 348 Lewis Ave., Bedford-Stuyvesant, ● Trocom Construction Corp. $110 to $115 per square foot. Capital Partners Brooklyn 46-27 54th Road, Maspeth, Queens Creative Circle/Morgan Stanley $600.0 On Assignment Inc. SB M&A The popular Saraghina pizzeria and Filed for Chapter 11 bankruptcy ● Bandier, a luxury fashion, fitness and PrivateEquity (Manhattan) bakery opened a bar next door. It plans protection on May 7. The filing cites music boutique, signed a lease for 2,309 WWRD Holdings Ltd./ $452.8 Fiskars Oyj Abp SB M&A to offer a variety of small plates soon. estimated assets of $10,000,001 to square feet of office space at 20 W. 22nd KPS Capital Partners (Manhattan) St. $50 million and estimated liabilities of The company will occupy the 10th Shell Midstream Partners/ $300.0 AST Investment Services Inc.; GCI $1,000,001 to $10 million. The creditors floor of the 16-story building. The not disclosed BAMCO Inc. (Manhattan); Center BANKRUPTCIES with the largest unsecured claims are T. tenant was represented by John Brod Coast Capital Advisors; Cohen & Mina Supply Inc., owed $1,275,519.40; and Charles Conwell of ABS Partners Steers Inc. (Manhattan); Cushing The following listings are selected from the Local 731, owed $780,794; and Local Real Estate, which owns the property. It MLP Asset Management; Eagle most recent available filings by companies 1010, owed $780,066.80. was represented in-house by Jason Fein Global Advisors; FirstEnergy Corp. seeking bankruptcy protection in the and Robert Finkelstein. The length of Master Pension Trust; Goldman Sachs Asset Management (Manhattan); KA First Southern and Eastern Districts of New the lease and the asking rent were not Reserve; KA Fund Advisors; Kaiser York. Information was obtained from U.S. GOVERNMENT CONTRACT disclosed. Foundation Hospitals Inc.; Kayne Bankruptcy Court records available on OPPORTUNITIES Anderson Capital Advisors; Managed Public Access to Court Electronic Records. RETAIL Portfolio Series; Massachusetts Listings are in alphabetical order. Following are selected contract ● Equinox fitness center signed a lease Mutual Life Insurance Co.; MTP Energy opportunities recently announced by New for a 30,000-square-foot gym on the Infrastructure Finance Master Fund Ltd.; ● AKO Interior York City agencies.To learn how to sell second and third floors at 196 Orchard Nationwide Mutual Insurance Co.; St. Ohio Police & Fire Pension Fund; 315 Ave. U, Brooklyn goods and services to city government, visit The length of the lease was not Pennsylvania Public School Employees’ Filed for Chapter 11 bankruptcy www.nyc.gov/selltonyc. For a searchable disclosed. The tenant was represented Retirement System; Pennsylvania State protection on May 13. The filing cites database of current procurement notices, in-house by John Mears of Equinox. Employees’ Retirement System; Prudential estimated assets of $50,001 to $100,000 visit www.nyc.gov/cityrecord. Listings are The landlords, Ben Shaoul’s Magnum Investments; Salient Capital Advisors; and estimated liabilities of $50,001 to alphabetical by category and department. Real Estate and partner Real Estate Swank Capital; Telemus Investment $100,000. The creditors with the largest Equities, were represented by Richard Management; Texas Mutual Insurance unsecured claims are American Express, CONSTRUCTION SERVICES Skulnik of Ripco Real Estate. Asking Co.; Northwestern Mutual Life Insurance ● Co.; Tortoise Capital Advisors; Zimmer owed $20,522.66; Bank of America, Department of Parks and Recreation rents in the building are $300 on the Partners (Manhattan) owed $18.595.72; and Advanta Credit Requests competitive sealed bids by ground floor but less on higher floors. TRP Energy/not disclosed $250.0 Trilantic Capital Management GCI Cards, owed $15,274.44. 10:30 a.m. on June 16 for construction (Manhattan) of adult-fitness equipment and ● Italian design firm Versace signed a ● Catucci Home Heating Oil Inc. d/b/a miscellaneous site work and conversion 10-year lease for 4,300 square feet at 78 Selected deals announced for the week ended May 14 involving companies in metro New York. Catucci Oil Greene St. SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing shares of a tennis court to a basketball court at , its second location in SoHo. of a company without the participation of a financial buyer. GCI: Growth capital investment 1998 E. Main St., Mohegan Lake, N.Y. Bronx Park East between Brady Avenue The tenant was represented by Marc represents new money invested in a company for a minority stake. source: capitaliq Filed for Chapter 11 bankruptcy and Unionport Road in Bronx Park. Bid Simon of Isaacs and Co. The landlord,
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† Results based on third-party study. Account credit applied within 2-3 billing cycles. Credit will be removed from account if line is suspended or changed to non-qualifying price plan after activation. Offer expires 5/17/2015. Activation/upgrade fee/line: $40. IMPORTANT CONSUMER INFORMATION: Corporate Subscribers Only. Subject to Major Acct Agmt, Calling Plan, & credit approval. Up to $350 early termination fee. Offers & coverage, varying by svc, not available everywhere; see vzw.com. While supplies last. Restocking fee may apply. © 2015 Verizon Wireless. I6186
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