www.sibiztrends.com
UPDATE ON THE JOB
See this months movers and shakers.
SIBOR to host annual PAGE 10
symposium in Brooklyn
The Global Real Estate Summit REAL ESTATE NEWS
and Expo in New York will be Experiential retail attracts millennials.
held for the first time in its 10-
year history outside of Staten Is- PAGE 8
land.
The annual symposium pre-
sented by the Staten Island Board SCORE
of Realtors will be co-hosted by Optimize your landing page for success.
the Brooklyn Real Estate Board
PAGE 6
Sept. 15, at the Dyker Beach Golf
Course in Brooklyn.
Relocating the summit to a new
venue across the Verrazano-Nar-
rows Bridge is a logical next step
SIBOR to continue Pack to School program
in its growth as a prominent busi-
ness event, said Sandy Krueger,
CEO of SIBOR.
Talking about global real es-
tate requires that we expand hori-
zons beyond our boundaries,
Krueger explained. We see this
initiative evolving into a citywide
program.
A variety of notable businesses
and organizations will partici-
pate at the summit, such as: Dou-
glas Elliman Real Estate; Hal-
stead Property; New York Wheel;
Sotheby's International Realty;
Toll Brothers; New York City Eco-
nomic Development Corp.; NYC
Department of City Planning; Special to Business Trends
NYU School of Professional Stud- From left, Realtors Kevin Swetsky and Mike Gentilesco work with Assistant Principal Anthony Casella in
ies Schack Institute of Real Es- distributing SIBOR Pack To School supplies in 2015 to students at PS 25/South Richmond High School,
tate; Wells Fargo Home Mortgage; Pleasant Plains. For the full story, please see page 10.
Empire State Bank; HSBC Bank
USA; Lennar Urban; Turnberry
Associates; Triangle Equities;
Keller Williams Realty; CBRE,
and others.
The daylong event also will in-
Developing culture on the waterfront
clude the Global Real Estate Sum- By TIM RONALDSON planning and improvement projects are tak- tural programs.
mits 2016 media partners: Staten Business Trends ing place on every corner. Last month, the Design Trust for Public
Island Media Group (Staten Is- Now, with the recent announcement of a Space and Staten Island Arts announced the
land Advance/SILive.com), Star Staten Islands North Shore is undergoing new vision program, the North Shore will
rapid changes. Development is thriving, and also be seeing an infusion of integrated cul- please see CULTURE page 14
please see BRIEFS, page 2
Monthly Update
marie@SIBOR.com. digital service capabilities avail-
BRIEFS MassMutual announces
able through MassMutual.
For more than 165 years,
Continued from page 1 MassMutual and its affiliated fi-
new affiliation nancial professionals have had a
MassMutual New York South long and rich heritage of helping
TEMPORARY PERSONNEL / STAFFING FOR YOUR: Network, and Brooklyn Home Re- recently announced that it is now families and businesses reach
porter, and participation from affiliated with Massachusetts Mu- their financial goals by operating
Custodial / Superintendant Needs such media companies as NY1 tual Life Insurance Company for the long-term benefit of its
Vacation Coverage News and The Real Deal. (MassMutual). MassMutual New policyowners afforded by being a
Handy Man Repairs The presenting sponsor of York South is located in Staten Is- mutually-owned company, said
SIBORs 10th annual Global Real land, and Brooklyn. John Vaccaro, a senior vice presi-
Interior / Exterior Maintenance Estate Summit is InterContinen- The affiliation follows an an- dent with MassMutual. As part
Emergency Staffing tal Capital Group. nouncement by MassMutual and of the MassMutual family, Mass-
The Sept. 15 conference will MetLife on July 5 that the acquisi- Mutual New York South will help
Truck with driver available (local) take place 8:30 a.m. to 5 p.m. at the tion by MassMutual of MetLifes even more people secure their fu-
Dyker Beach Golf Course, 1020 Premier Client Group has been tures and protect the ones they
86th St., Brooklyn. The event in- completed. love through strong portfolio of
cludes a day filled with informa- MassMutual New York South financial products and services
TTemp
emp shows
shows u
up
p at
at yyour
our b
business
usiness aatt the
the ttime
ime rrequired
equired tion and networking opportuni- was previously affiliated with for local businesses and resi-
One
One person
person oorr several
several ties for real estate professionals MetLife, under the name MetLife dents.
and entrepreneurs seeking to Premier Client Group, New York Managing Partner Bob Begun
work with foreign buyers. South. heads MassMutual New York
One
One call
call to
to P
Project-One
roject-One does
does it
it ffor
or y
you!
ou! For ticket information and pur- Under its new affiliation, Mass- South and brings 18 years of fi-
chases, or to learn more about the Mutual New York South firm will nancial services experience to the
C
Call
a l l Jean
J e a n ((718)
718) 7
761-8390
61-8390 2016 Global Real Estate Summit, continue to deliver the exception- practice. He is joined by 100 asso-
log onto SIBORglobal.com, or al service and personalized guid- ciates, including 70 financial pro-
contact Annmarie Izzo at SIBOR ance that clients rely on today
at (718) 928-3223 or email Ann- with the addition of expanded please see BRIEFS, page 12
4 BUSINESS TRENDS SEPTEMBER 2016
WEEKLY MEETINGS
Rd. 7 p.m. Call 718-420-1966. cis Staten, 697 Forest Ave. 12:30 to
MONDAY College of S.I., Small Bus. Dev. Ctr. 1:30 p.m. Members and guests wel-
Bus. Outreach Ctr of SI/WBCLDC Business Counseling: CSI, 2800 come. For info, call 718-370-3140.
Small Bus. Counseling Victory Blvd. 9 a.m. to 5 p.m. No College of S.I., Small Bus. Dev. Ctr.
MWBE/BOC Capital: WBCLDC, 705 charge. For info, call the SBDC at Business Counseling: Chamber of
Forest Ave., 2nd Fl. By appointment 718-982-2560. Commerce, 130 Bay St. 9 a.m. No
only. For info, call 718-816-4775. charge. Call 718-982-2560.
Kiwanis Club of Richmond Co.: College of S.I., Small Bus. Dev. Ctr.
LaFontana Restaurant, 2879 Amboy
TUESDAY Business Counseling: CSI, 2800
Victory Blvd. 9 a.m. to 5 p.m. No
Greater New Dorp Networking charge. Call the SBDC at 982-2560.
Group: 8 a.m. Perkins, 1409 Hylan
Blvd. For information, call Steve
Lombardo at 718-702-8623.
Richmond Business Connections: WEDNESDAY
Z One, 1821 Richmond Ave. 8 a.m. Bus. Outreach Ctr of SI/WBCLDC
For information, call Ronald P. Small Bus. Counseling
Cutrone at (347) 258-8131 or visit MWBE/BOC Capital: WBCLDC, 705
http://rbcofsi.com. Forest Ave., 2nd Fl. By appointment
SI Business Friends: 7:30 - 8:45 only. For info, call 718-816-4775.
a.m. Hilton Garden Inn, 1100 South Richmond County Referral Source:
Ave. For information, call Dr. Richard Comfort Inn. 7:00 to 8:15 a.m. For
Bove at 718-938-5978 or visit info, email jcmexp@aol.com
www.sibfnetwork.com. Staten Island Business Council:
Bus. Outreach Ctr of SI/WBCLDC Andrews Diner, 4160 Hylan Blvd. 7
Small Bus. Counseling a.m. Members and invited guests
MWBE/BOC Capital: WBCLDC, 705 only. For info, call 347-855-4488 or
Forest Ave., 2nd Fl. By appointment send an e-mail to info@sibizcoun-
only. For info, call 718-816-4775. cil.com.
Direct120.com, Ultimate Think Bucks Business Network: Hamp-
Tank: Lorenzos, 1100 South Ave. For ton Inn, 1120 South Ave. 7:45 a.m.
info, visit www.direct120.com. For info, call 718-351-2557 or visit
Kiwanis Club of South Shore: www.sibucks.com.
LaFontana, 2879 Amboy Rd. 7:30 Kiwanis Club of Brighton: Jodys
p.m. For info, call 718-370-2770. Club Forest, 372 Forest Ave. 7:30
SCORE Business Counseling: S.I. p.m. For info, call 718-348-0505.
Bank & Trust, 1550 Richmond Rd. 9 Kiwanis Club of North Central:
a.m. to noon. No appointment nec- LiGrecis Staten, 697 Forest Ave.
essary. No charge. For info, call 718- 7:30 p.m. Call Len Bosso at 718-442-
727-1221. 7804.
Business Guild I of the S.I. Cham- SCORE Business Counseling:
ber of Commerce: Hilton Garden Chamber of Commerce, 130 Bay St.
Inn, 1100 South Ave. 7:45 a.m. Mem- 9 to 11:30 a.m. Appointment neces-
bers and invited guests only. Call sary. No charge. Call 718-727-1221.
Michael Anicito at 646-606-2111. E.L.I.T.E. (Executive, Leadership,
Business Network Intl. (BNI) Net- Interactive, Team, Effort) Net-
work Alliance Chapter: Z-One working Group: 1110 South Ave. 8
Lounge, 1821 Richmond Ave. 7 to a.m. New members welcome. For
8:30 a.m. For info, call Timothy info, call 347-273-1375.
Houston at 718-981-8600.
Rotary Club Staten Island: LiGre- please see EVENTS, page 9
in our opinion
Court ruling just means the fight for legal sports betting will be delayed JOE EISELE
Publisher
Y
et another court struck down many, if any, more legal options to le- $150 billion in wagers placed each year TIM RONALDSON
hard against our neighbors galize sports betting in its state, it has with illegal bookmakers, who are ei- Executive Editor
fight for legal sports betting the changing landscape of public opin- ther affiliated with organized crime STEVE COPPOLA
last month. This time, it was the Unit- ion on its side. rings or are stationed overseas. Director
ed States Court of Appeals for the People in this country are becoming New Jersey also has some powerful RICHARD GRADO
Director
Third Circuit, which ruled against OK with sports betting; its easier for allies on its side. Legislators in our
New Jerseys wishes to operate legal them to swallow now than it was, say state of New York, California and ROBERT CUTRONA
Director
sports betting in casinos and race- more than 24 years ago, when PASPA Pennsylvania are also trying to legal-
tracks. was enacted. Seton Hall University ize sports betting in their states. LAWRENCE RAMPULLA
Director
The court upheld the federal Profes- conducted a recent poll that found that All this foreshadows the next move
JANET WARREN DUGO
sional and Amateur Sports Protection 63 percent of people believe betting on a lobbying effort at the federal level to
Publisher Emeritus
Act, which prohibits all but four states sports should be legal, with 68 percent have the law changed. With the change
DAN McDONOUGH, JR.
from operating or licensing sports bet- saying its legality should be decided in government scheduled for Janu- Chairman
ting. The court ruled 10-2 in favor of on the state level. ary no matter who wins the race
Business Trends is mailed each month to the
upholding the law, striking perhaps The fact is that there is a lot of its the perfect time to reach a captive business and community leaders of Staten
the last legal blow to New Jerseys money at stake here, too. Nevada ac- audience. Island. To be added to the mailing list, e-
mail joe@sibiztrends.com. To submit a
fight for legal sports betting ... cepted $4.2 billion in sports wagers For the sake of New Yorks state in- news release, email news@sibiztrends.com.
... At least for now. last year. Thats a lot of money, but its come, lets hope that captive audience For advertising info, call 718-775-3154 or
While New Jersey doesnt have nothing compared to the estimated agrees with our take on the topic. email joe@sibiztrends.com.
Weddings
Sweet 16s
Anniversaries
Experiential retail attracts millennials
statenarts
Birthday Parties By James Prendamano terfront views, acres of parkland, friends and family.
Much much more! A June 19 article in Womens incredible restaurants and a pop- Staten Island is embracing the
.................................. Wear Daily announced that ulation that boasts one of the concept of experiential retail, es-
Steve White Neiman Marcus Group Ltd. LLC highest median family incomes pecially along the Bay Street cor-
6 Genesee Avenue reported an 81 percent decline in in all of New York City. Yet for ridor. A quick Google search will
Staten Island, NY 10308 profits, going from $19.8 million years, Staten Island has been turn up thousands of photos of
Phone: 718.317.5025 to $3.8 million, marking a drop in overlooked by some retailers who Flagship Brewery on Minthorne
Cell: 917.446.4029 Staten Arts Photography sales for its third consecutive preferred to be located in Manhat- posted on various social media
Email: statenarts@aol.com www.statenartsphotography.com quarter. tan or the other more populated sites by Millennials. Places such
Across the board the numbers boroughs. With real estate ex- as Coffeed located in Urby the
are down significantly and the perts predicting that the per 900 unit mixed use project on the
culprit, they say, is a decline square foot cost of Manhattan Stapleton waterfront that con-
in tourist traffic and an oil patch real estate will soon become pro- tains a working farm will cer-
disruption in Texas. hibitive, retailers are seeking new tainly be a favorite of Millennials
The article goes on to state, ways to attract customers espe- who are the target market for the
losing Brazilian and Russian cially Millennials. residences.
tourists has negatively impacted How best to attract Millennials Millennials are the most likely
the store in cities such as Flori- is the No. 1 question among retail- group to become part of the 30
da. ers. However there are opposing percent projected population
$ # % " !" Foot traffic is a key component
to retail success, which is why re-
opinions about the best way to tap
into the $14 trillion Millennials
growth along the Bay Street corri-
dor once the mayors rezoning is
tailers located near tourist attrac- will spend by year 2020. adopted.
tions or in destination based re- Some believe online shopping They will also make up a large
tail facilities do well unless is the future of retail, but the percentage of tourists and resi-
$ ! %" ! those tourists dry up or the retail WWD article points out that dents visiting the New York
facility fails to adjust to the while online retail sales are up, Wheel and Empire Outlets once
!! "# % "$ # & # # " changing needs of the consumer. they are generated by new cus- they are open on the waterfront.
When that happens, all bets are tomers who are spending less. At With this in mind, it makes sense
off. the same time, a report released for retailers who are struggling
Staten Island has always been by OpinionLabshows that Millen- with the decision whether to open
the home to the Staten Island nials prefer the brick and mortar a new location or expand their on-
Ferry, one of New York Citys experience to online shopping be- line presence, to make their
most visited icons carrying cause they want to feel the mate- brand part of the Staten Island
70,000-plus passengers daily. Stat- rial, try on their purchases and experience.
en Island also has spectacular wa- compare prices. They also enjoy For retailers skeptical about re-
the socialization of shopping at lying on tourist traffic alone to
centers where a pre-shopping bring them success, they should
brunch or post-shopping dinner consider the following facts: there
adds to the experience. are 15 million people living with-
This tech savvy generation in a 45 minute drive of Staten Is-
documents nearly every aspect of land; 8 million people living in
their lives through photographs New York City spend $78 billion
that are instantly uploaded to so- retail dollars annually; and Stat-
cial media sites. Facebook, Twit- en Islanders generate $1.2 billion
SCORE is the most recognized and utilized provider of ter, Instagram, Pinterest and in retail demand.
FREE Confidential Mentoring and Educational services to Americas small businesses. Snap Chat provide a viewer with With numbers like these, retail-
a virtual tour of a day in the life ers seeking to attract Millennials
Let SCORE help YOU! of a Millennial. From a colorful should be comfortable locating
salad served in an eclectic restau- their brand on Staten Island.
BUILD GROW THRIVE rant on Smith Street in Brooklyn,
to an antique pillbox hat pur- James Prendamano is a managing
Call: 718-727-1221 chased at a second hand store on director for Casandra Properties,
Email: info@scoresi.org Bay Street in Staten Island, Mil- Inc., Staten Islands premier real es-
lennials are attracted to experien- tate firm, specializing in all facets of
Web: www.statenisland.SCORE.org tial retail that can be shared with transactional real estate.
Monthly Update
ta Diner, 921 Richmond Ave. 7:30 to Business Counseling: CSI, 2800
Stories
S tories ttransform
ransform even
even
retirement plan (as a result of the fractional beneficiary details New York City area as well as Nassau
death of the owner) must pay in- with the exact percentage. You and Suffolk counties. The mission of
tthe
he ssimplest
implest fruit.
fruit.
come tax on the entire amount re- will also need the organizations Eden II is to support people with
ceived. However, by naming your full name and tax ID, and present autism throughout their lives to
favorite charity as a beneficiary, it location. You should also notify achieve their full potential through
becomes tax exempt for them, as the organization so that you can service, science and passion.
An apple
An apple can
can represent
represent m uch m
much ore tthan
more han jjust
ust a d elicious
delicious
On the Job snack. But
snack. But how
an apple,
an
how do
apple, and
and an
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Month. pleted on time and within budget.
JOB Award-winning DiFazio Indus-
Through
T hrough tthe power
he p off storytelling.
ower o storytelling.
tries has ex- ANTHONY RODINELLI
Continued from page 10 perience in a Staten Island Economic
wide variety Development Corp.
of construc- The Staten Island Economic
ty to meet with our most success- tion projects Development Corp. has welcomed
ful advisors and personally con- with clients Anthony Rodinelli of Direct En-
gratulate them. Their ongoing that include ergy as a new Cigi member.
commitment to their clients and public utili- Direct Energy Business is part
to their profession truly sets them ties, private of a leading energy and energy-
apart. industries related services provider that is
Their excellence in client serv- DiFazio and govern- focused on helping customers
ice is an inspiration for other ad- ment agen- make their businesses better.
visors in our firm and, indeed, cies. With more than 30 years of Through energy choice and a
throughout the financial indus- experience in construction, the suite of innovative products and
try. multi-disciplined team of profes- services, customers can buy less
sionals and skilled craftsman, electricity and natural gas and
JOHN DIFAZIO combined with proven project better manage the impact of ener-
Staten Island Economic
Story
Story Architects:
Architects: D
Drafting
rafting n
narratives
arratives tthat
hat p
propel
ropel o
organizations
rganizations fforward.
orward.
management techniques, is what gy on their operations.
Development Corp. makes DiFazio a cut above the Visit the website directenergy-
The Staten Island Economic rest. business.com to learn more about Smart businesses
Smart businesses connect
connect with
with their
their best
best prospects
prospects through
through stories.
stories.
Development Corp. recently Safety, efficiency and reliabili- how they can help your business Learn how
Learn how you
you can
can do
do the
the same
same at:
at: woden.me
woden.me
named John DiFazio of DiFazio ty are what customers can expect navigate the energy opportuni-
Industries as its Member of the along with a project that is com- ties in your area.
12 BUSINESS TRENDS SEPTEMBER 2016
Monthly Update
Regrets only to Carol Lundrig-
BRIEFS an at (917) 442-0358 or CarolLun-
drigan@aol.com.
Continued from page 2
South Shore Rotary
fessionals, all of whom specialize donates $100k
in helping area residents, fami- The South Shore Rotary Club
lies and businesses prepare for at a recent meeting announced
the future, as well as business and that more than $100,000 has been
estate planning, retirement in- gifted during the last year to local
come planning and special needs organizations.
planning. Members work hard as volun-
At MassMutual New York teers to create and implement
South, we strive to provide our special events that raise funds,
customers with the tools neces- said William Barillari, Esq., im-
sary to help maximize their re- mediate past president, during a
sources, make smart financial de- current ceremony presenting
cisions and meet their financial funding to Staten Island groups.
goals, Begun said. Our affilia- As a result of our members com-
tion with MassMutual positions mitment to pooling their talent,
us strongly to continue this mis- resources and time to develop
sion and also expands our ability successful fundraising experi-
to serve the New York community ences, we are proud to present
and the surrounding area more than $100,000 to assist our
through our shared passion for community.
community service. The South Shore Rotary is
In fact, MassMutual and the comprised of business and pro-
MassMutual Foundation are com- fessional men and women who
mitted to strengthening the eco- share the mission to provide serv-
nomic vitality of local communi- ice to others, promote integrity,
ties by providing financial educa- and advance community and
tion programs such as its signa- world understanding, goodwill,
ture FutureSmart initiative that and peace with 1.2 million Rotary
seeks to reach 2 million middle members worldwide.
and high school students across
the country by 2020. Genesis Golf Outing
In addition, MassMutuals
LifeBridge program, a free term- to be held Sept. 26
life insurance program for eligi- The 17th Annual Genesis Golf
ble families designed to help pro- Outing, supporting Long Island
tect children's educational aspira- Programs and services for indi-
tions (MassMutual pays the pre- viduals with Autism, will be held
miums) is offered nationally, and on Sept. 26 at the Fresh Meadow
Community Service Award Country Club.
grants are awarded to eligible The Eden II & Genesis Founda-
nonprofit organizations in recog- tion is sponsoring the event, and
nition of the exemplary local vol- board member Christina
unteer efforts of affiliated finan- Thivierge of Thivierge & Roth-
cial professionals. berg, P.C., will be honored during
the outing.
Soroptimist to hold next At the event, there will be an
Ultimate Golf Getaway Super
meeting Sept. 14 Raffle for a trip to the Scottsdale
Soroptimist International of Championship in Arizona. The
Staten Island will host its next drawing will be held on Monday,
meeting on Wednesday, Sept. 14 at Sept. 26. Raffle tickets are $100
6:30 p.m. at LiGrecis Staaten. The each, and winners do not need to
cost for dinner is $35. be present to win.
The guest speaker will be To purchase tickets, go to
Nancy Sayegh Rooney, a lung www.eden2.org/GolfRaffle or con-
nurse navigator, who will speak tact a development associate at
about lung cancer screening for (516) 937-1397 ext. 531.
women.
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14 BUSINESS TRENDS SEPTEMBER 2016